Full text of Commercial and Financial Chronicle : March 11, 1899, Vol. 68, No. 1759

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Q u o ta tio n

S u p p l e m e n t (Monu>$

S t r e e t R a ilw a y S u p p l e m e n t (^ A n m ^

In v estors

S u p p l e m e n t (Quarterly)

S t a t e a n d C i t y S u p p l e m e n t (s^ amu^

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v « t -if o-in tt-os*. In t b e y e a r 1 8 9 9 , b y tlsa W i l u a k B . D i ! U Oo m p a s t , In t h e o ffic e o f m e L ib r a r ia n o t O o n gre M . ]

SATURDAY, MARCH 11, 1899.

VQL. 68
$ Itc

C h r o n ic le .

P U B L IS H E D

P o r O n e Y e a r ............................................................................................8 1 0 00
F o r S ix M on th * .................... ..................................................................
8 00
E u ro p e a n S u b scr ip tio n (lo o lu d lu * p o * t » g e ) ......... . . ........ ........ 12 0 0
E u ro p e a n S u b scrip tio n s i x M on th s (t o o lo d ln g p o s t a g e s ___
7 00
A n n u a ! S u b scrip tio n in L o n d o n (in c lu d in g p o s t a g e ).............. 2 2 10s.
S ix M o a
d o.
do.
do.
. . . . 2 1 10s.
A b o r e s u b s c r ip t io n in c lu d e s —
T a g QUOTATION SCFPLKUKirT
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T a * u m u rro a * ’ 8 UPPL£MK»r

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W EEKLY.

Terms o f Subscription—Payable in Advance :

| s t a t s a n d Oi t t a o r n s s H U

Terms o f Advertising—(P e r Inch Space.)
T ra n s le u t m a tte r............... . S t 2 0 I T h ree M ou th s (13 tim es) ,.8 2 9 0 0
s t a s d w o 808INB.-M c’ AJtos.
I S ix M on th s
(28
'*
50 00
T » o M on th *
<3 t im e s ).. 2 2 0 0 |T w e l r e M o n t h s (5 2 •
•
87 00

New York.......
Philadelphia..
Pitt* bar*........
Baltimore......
Buffalo .........
Washington-.
R ochester....
Syracuse ....
5CTMUU1......
Wilmington.
Bing ham ton.
Total M iddle..
B o sto n ..........
Pro rl dunce..
H artford......
New Uareo.

Spr

*'

W orcester.. .
Portland,.....
London Agents:
Fall H irer..
Lowell.........
M essrs E o w a k d s A S m it e . I Drapers* Darden-*, E. C „ w ill ta k e su b
New Bedford
sortp tion s am i a d rertisem en t-s, a n d s u p p ly s in g le co p ie s o f th e p a p e r
Total New Eng.
a t la . e a ch .
Chicago . ...
W I L L I A M I I . D AN A O O M P A M T , P u b l i s h e r s ,
Cincinnati.
Detroit......
P in e S tr e e t, C o r n e r o f P e a r l S tr e e t,
Ctereland..
P os t O m c t B o x 9 5 8 .
M E W V o Milwaukee
it K
Columbus
Indianapolis
Peoria .........
T o le d o ...........
Lraad Rapid*.
The follow ing table, made up by telegraph, etc., Indicates Dayton...... ...
Lexington
Kalamazoo
that the total bank clearings of all the clearing houses of A k ro o -.....
the United States for the week ending to-day, March 11 Bay City
Rockford.
8prUuffleld. Ohio.
have been $1,839,378,307, against $3,131,843,391 last week and C a n to n ..........
Youngstown.,
$1,338,599,80-5 the corresponding week o f last year.
spnngfleld. Ill
EraasTtlle
CLSA KINGS.
W d gM 1
n in arch t.
Tot. M il. Wext'n.
fUturru tty T*U
(jr<%
vK.
1*99.
Per CVnL San Francisco,
1898,
Salr, Lake City.
New York..............................
•9*8, 519,77*
1402. 278,722
+ 84-1 P ortland--...
Angeles
102,739.487
U , * 37.334
Bootee................ ................
4 35-4 Helena
Philadelphia............... .......
78.383,188
54, *93.245
4 4 3 1 Tacoma
Seattle
^-*5 3 Spokane.
Baltimore............ .............. .
24,* 43.459
13,406.58*
Fargo.
* 39*
H 4, 177.123
$2,291,363
Sioux Falls
•2d.000,000
I t . Lool*_____ —. . . __ . . . . — .
24.300,807
4-7 0
Total Pacific.
7,**3,?90
-1 2 8
Wow Orlaon*.. . . . . . ....... ——
*,964,773
Kansas City.
Minneapolis
Sevan e itlu . S I aj* ........
A
11.244,398,384
>669,473.2*3
+ 84-8
Om aha........
Other ottiea, 5 days..............171.000.478
148.878,498
+ 17-8 St. Paul
Denver...................
Total aU citie*. & day*....
•L519.3*9 ,4*0
31,01*, 347,75*
-f-49-2 Daren port.............
319.973,747
At alUee, 1 <t»y.......................
310.253,047
t-52-2 St. Josep h ...,,
Do* M oines...
$1 *39.373.307
Total »U ettie* tor weak31,334.699,805
L4 9 * Sioux City,
L incoln.,.
* P a rti/ estimated.
Wichita.-.
Topeka..
The full details of clearings for the week oovered by the Fremont
Hastings.
above statement will be given next Saturday. We oannot,
Tot. other West.
of course, furnish them to-day, bank olearings being made S t L ouis........
Now Orlestw ....
ap by the various clearing houses at noon on Saturday, and LouUrtlle
'a lre sto n ,
henoe In the above the last twenty-four hours of the week [oustou.
Saranoah.
h a vetob ein a ll oasee estimated, as we go to press Friday n igh t. Richmond
We present below our usual detailed figures for the pre­ Memphis
Atlanta...
vious week, oovering the returns for the period ending with Nash rille. ..
Norfolk!.
Saturday noon, Maroh 4, and the results for the corres­ Fort Worth
Auguste. ...
Birmingham
ponding week in 1898, 1897 and 1898 are also given. In K n o x rille ...
Little Bock
comparison with the preceding week there Is an increase in Jacksonville
the aggregate exchanges of three hundred and sixty-nine Chattanooga
Macon
million dollars, of which two hundred and nineteen mil­ Total Southern..
lions was at New York, Contrasted with the week of -1898 T otal aU.

CLEARING HOUSE RETURNS.

the total for the whole oountry shows an increase of 44*3
per cent, Compared with the week of 1897 the current
returns record a gain of 197*0 per oent, and the excess over
1898 Is 109*5 per cent. Outside o f New York the increase
over 1898 is 29 0 per oent. The excess over 1897 reaches 63*2
per cent, and making comparison with 1898 t-he.galn is seen
to.be SO l per oent.
’

NO. 1769.

Outside N. Yerk.
Montreal.
T oron to...,
H alifax ....
Winnipeg...
flafniltoflL.
. John.
ictorla*,.............
Vancouver*........
Total Canada,
•Not included la totals.

446

THE

CHRONICLE.

THE F IN A N C IA L SITU ATIO N .
The money market is getting to be a feature to b e
reckoned with in Wall Street operations. Close ob­
servers have seen the change approaching; and yet a
great many usually good judges have beon citing the
large surplus reserves our Clearing House banks still
hold and the easy money ruling all over the country,
notwithstanding the renewed business activity, as
evidences of an inexhaustible abundance of loan­
able funds here. We do not profess to special inspira­
tion on the subject, but are there not important condi­
tions which are ignored by those who claim that
closer money is merely a matter of a few days and
that a 3 per cent rate is going to be the average rate
in this country hereafter? Is not our monetary situa­
tion at the present moment in more than one way
phenomenal? In other words, can we base the future
of money on the surroundings of to-day?
Recall some of the conspicuous and distinguishing
features. (1) We have been for four years (really
much longer than that, but for the four years during
which the depression developing throughout thelarger
cycle culminated) doing almost nothing in the way
of industrial expansion ; it has been a period of forced
economy of expenditures and of methods, in which
we were recuperating and saving while awaiting an
expected catastrophe through a 50-per-cent drop in
our standard of values. (2) Now at length absolute
relief from that fear has come. It has come, too,
concurrently with two years of good crops and a
demand at good prices in Europe for them. (3) This
crop situation has enabled us as a further prepara­
tion for business revival to collect an immense
favorable foreign trade balance, and that in
turn has secured us a large amount of gold
—by keeping our own product at home and by im­
ports from Europe.
In these ways we have strengthened our paper cur­
rency reserve and increased to an abnormal extent the
total of the world’s currency in circulation in the
United States. This latter fact is not fully appre­
ciated because the figures frequently quoted do not
include the entire stock. For illustration, accord­
ing to the Treasury statement the gold in circulation
on the first of March 1899 was $702,305,269; at the
same date of previous years the same item was as fol­
lows: In 1898 it was $553,884,882; in 1897 it was
$516,315,696; in 1896 it was $445,293,591. That is to
say, since March 1 1896 the gold in circulation has in­
creased $257,011,673. Adding the net gold in the
Treasury at the two periods the increase will be found
to have been $353,407,156; the total net gold (coin
and bullion) in Treasury and in circulation in this
country March 1 1899 being $966,396,746 and on
March 1 1896 being $612,989,590.
It thus becomes obvious that this enlargement of
our stocK of the world’s money to the amount of
353£ million dollars, accumulated during the previous
years of depression, was on hand ready to help carry
on with ease our greatly increased business and ex­
changes that have been the outcome of our recent
industrial development.
We had no use for it up to
that moment except to safeguard our paper currency.
Its increase, then, as a factor in our money market
was much the same as if the whole amount had been
emitted at once and at the time when our quickened
industries needed it—a preliminary to the require­
ments which business revival raised. Moreover it had

[V o l . L X V lli.

more than that effect, it likewise imparted absolute
confidence at home and abroad in every dollar of our
various kinds of paper money and gave greater effic­
iency to that class of currency; we may assume also
that it brought out from their hiding places much
gold and paper that had been secreted during the
previous years of alarm.
Also because of it we are
to-day more closely in touch with the capital of
Europe and are enjoying its use to a greater exteht
than ever before and the benefits which the moral in­
fluence of such closer contact confers.
A h already stated, we have recently begun to experi­
ence better times. Bear in mind that the change is
only in its incipient stage. That is, the buoyancy has
not as yet become general by any means. Neverthelessour country has already made a wonderful leap; but
if development is to go on and permeate the mass of
enterprises in all parts of the country, we ought with
the opening spring to see activities stimulated along
the whole line of our industries. Perhaps one can
get the best idea of the change that has al­
ready taken place by a comparison of clearings.
Considered as they stand, without any allowances
or eliminations for the increasingly large item
taken out of the New York clearings by the
Stock Exchange Clearing House, the annual figures
present the following comparison for the last five
years: $68,883,918,580 in 1898, against $57,321,973,206
in 1897 and $45,545,110,059 five years ago in 1894 ;
that is, the above shows an increase of over 23 thousand
million dollars in five years and oyer 10 thousand
million dollars in one year. Carry this comparison
a step further.
Note the contrast presented be­
tween the actual figures for January and the short
month of February 1899 and the monthly averages
for previous years.
AVERAGE MONTHLY BANK CLEARINGS.
New Y o r k .
1 8 9 3 ...................$ 2 ,6 0 5 ,0 8 6 ,4 7 8
1 8 9 4 ................. 2 ,0 3 2 ,3 1 7 ,2 5 2
1 8 9 5 ................... 2 ,4 8 6 ,8 1 6 ,4 1 0
1 8 9 6 ................... 2 ,4 0 5 ,8 9 7 ,9 2 1
1 8 9 7 ................... 2 ,7 s 7 ,5 8 5 ,6 2 2
1 8 9 8 .......
3 ,4 9 7 ,6 4 8 ,5 3 6
1 89 9 j J a n ........ 5 ,6 9 0 ,7 4 9 ,7 7 6
‘ F e b ........ 4 ,5 5 0 ,6 3 9 ,2 3 1

O ther C ities.
$ 1 ,9 1 3 ,5 2 2 ,5 2 3
1 ,7 6 3 ,1 0 8 ,5 8 6
1 ,9 5 2 ,5 4 1 ,2 0 8
1 ,8 7 1 ,9 2 9 ,6 9 9
1 ,9 9 1 ,2 4 5 ,4 7 8
2 ,2 4 2 ,6 7 8 ,0 1 2
2 ,8 0 1 ,9 3 9 ,0 2 9
2 ,4 2 9 ,7 0 4 ,4 2 4

W hole C o u n try .
$ 4 ,5 1 8 ,6 0 7 ,0 0 1
3 ,7 9 5 ,4 2 5 ,8 3 6
4 ,4 3 9 ,3 5 7 ,6 1 8
4 ,2 7 7 ,8 2 7 ,6 2 0
4 ,7 7 6 ,8 3 1 ,1 0 0
5 ,7 4 0 ,3 2 6 ,5 4 8
8 ,4 9 2 ,6 8 8 ,8 0 5
6 ,9 8 0 ,3 4 3 ,6 5 5

The foregoing results present in a forcible way
the real change the business situation has under­
gone, and do not need elaborate comment. We
would like to enforce by greater detail the single
point as to the partial nature of the business buoy­
ancy hitherto experienced. But that is unnecessary,
as the fact is generally recognized, and it is likewise
recognized that in all probability with the opening
of spring the movement will be quickened through­
out the country. Mindful, then, of this presumption
and of the conditions as a whole that we have
recited above, do we not find the situation unreliable
as a basis for forecasting the future of money? We do
not mean that there is any stringency in sight or
monetary panic in prospect.
Our contention is
simply with reference to the continuance of extreme
low rates so many are prognosticating. To be sure
our banks start with substantial surplus reserves.
But when we measure the large increase in the opera­
tions now in progress, the phenomenal deposits and
loans being carried and the constantly increasing
amount of business done, not only by the Clearing
House institutions but also by non-member and
near-by banks, by trust companies, insurance com­
panies, etc., all dependent upon those reserves, is it not

^IM aRCH 11, 1*599.3

THE CHEONICLE.

447

true that this surplus is relatively no larger than
a considerably smaller surplus was on any former oc­
casion ? We think, too, our Clearing House hanks
have been showing that such is their view of the
situation and that this is the explanation of the little
closer money and greater discrimination in loans which
has been the feature for several weeks now notwith­
standing the considerable surplus.
All the other facts we have brought out tend to
confirm the same conclusion.
Judging from the
present outlook, it is unreasonable to expect that
another year our foreign merchandise trade move­
ment will show a favorable balance approximat­
ing the present. It seems likely, also, that our
expenditures during the same time for army and navy
purposes in the Philippines, Cuba, etc., will be large,
and be a new offset against a favorable balance. A l­
together the chances are that instead of gaining a
net of $59,334,000 gold (as we have thus far the cur­
rent fiscal year), we shall export gold another winter;
that instead of gaining probably $150,000,000 net cur­
rency in circulation by the disbursements of the Treas­
ury in excess of the receipts, which is the amount we
shall probably gain in 1898-99 (the excess of dis­
bursements has already been 103| million dollars) it is
not likely that the circulation will be added to in that
way in 1899-1900 over 50 million dollars. When we con­
sider these prospective changes and the greater and
more general business activity presumably to be de­
veloped within the next twelve months, is it reason­
able to forecast a money market working no closer or
on no higher level than at present ?

past month there was a further reduction in the num­
ber of furnaces iu blast and their weekly production,
so that on March 1 the output was only 228,195 tons
per week, against 237,639 tons February 1 and 243,516 tons January 1. Quite a number of stacks were
stopped from various causes, while very few fur­
naces long idle were added to the list of active
producers. At the same time the aggregate of stocks
held, sold and unsold, underwent further contraction,
the total being reported 416,473 tons March 1, against
462,904 tons February 1 and 621,72S tons October 1
last. The American Pig Iron Storage Warrant Com­
pany is likewise holding diminished amounts, its re­
port showing only 126,300 tons of warrant iron March
1, against 135,200 tons February 1 and 215,600
tons last October. The bad weather seems to have
been in part responsible for the falling off in pro­
duction during the last month. Aside from this, how­
ever, the “ A g e " thinks events prove that new capacity
cannot be made quickly available. It admits that
preparations are going on ir different parts of the
country on an extensive scale, but consumers must
reckon with the fact that it takes a good many months
to get ready. The present lucrative prices it avers will
bring “ every old pot” into line, and yet time is re­
quired even to accomplish the feat of putting the
cripples on their legs. We observe that the “ Age”
takes occasion to point out that notwithstanding the
advance in prices “ Southern makers have still been
selling iron for export” — which, under present con­
ditions, is certainly a very encouraging circum­
stance.

The buoyancy in the Iron and steel markets con­
tinues and prices are now advancing “ by leaps and
bounds.” Steel billets at Philadelphia have this week
gone up another dollar and a-half per ton, raising the
price to $25 50 per ton. A montji ago the quotation
at the same point was $19 5 0 ; last year at this time
it was but $17 30. At Pittsburg the price for billets is
$23 50, which compares with $17 25 per ton a month
ago and with $15 25 a year ago. For foundry pig iron
(No. 2) $13 75 is being asked; a month ago it could have
been bought for (12 00 and in March 1898 for $10 50.
Southern foundry pig o f the same grade (No. 2) com­
mands $13 25 per ton, whereas in February the price
w as$ll 75 and in March of last year hat $9 00. In fact,
it may be stated that in the whole list of leading articles
for which quotations are furnished, whether of raw
material, or of old material, or of finished iron and
steel, there is not a single one that does not record
an important increase as compared with the quota­
tion at the beginning of February, while as con­
trasted with the corresponding date in 1898 the ap­
preciation in values reaches very large proportions.
Moreover, the tendency is still upward, and the in­
dications are that further advances may occur.

There have been a number of divideniLaunouucements this week by leading corporations which had
been looked forward to with considerable interest.
Chief among these have been the dividends on Amer­
ican Sugar Refining stock and Milwaukee & St. Paul
common shares.
Iu neither case has any change
been made, which thus accords with popular ex­
pectation. The declaration of the usual dividend
on “ Sugar” common indicates nothing as to the
state of the war among the sugar refiners or the prof­
its earned by the company.
The concern is a close
corporation, and the outsider is just as wise now as
he was before. The action of the Milwaukee & St.
Paul directors of course belongs in a totally different
category. No railroad in the country has been doing
better than the St. Paul. i t has been making
steady and largo gains in earnings week by week and
month by month. Moreover, the property is in ex­
cellent condition, both physically and financially.
The question of increasing the rate was therefore
solely a matter of policy, and the managers in deter­
mining to adhere to the old rate have simply con­
tinued the policy of conservatism for which the
St. Paul board has been distinguished for so long.
The Union Pacific is also a company which has de­
termined to keep its dividend unchanged, having
yesterday declared another dividend of 1£ per cent
on the preferred stock, the same ns last October.
While on the subject of dividend distributions, it
should be noted that the Chicago Indianapolis &
Louisville has the present week declared a dividend
of one per cent on its preferred shares. This com­
pany is a reorganization of the old Louisville New
Albany & Chicago, and the present is the first pay­
ment made by the new company.

It is plain from the conditions here outlined that
consumers of iron and steel are rapidly becoming
scared. The demand has been for some time in
excess of the current outturn. Now consumers are
evidently apprehensive of an actual scarcity. And it
must be admitted that thus far expectations
of a great addition to the supply have not
been realised.
The monthly record of pig iron
production kept by the “ Iron Age ”
throws
a great deal of light upon
the situation
in that particular. The “ A g e " finds that during the

448

THE

CHRONICLE.

^

--- ---------------------- —
--------1
-------"
The aotivity in the market for money this week
seems to have resulted in bringing into the market
outside supplies to such an extent that previous con­
ditions for call money have been restored. The
easier tone to the call loan branch of the mar­
ket on Thursday was distinctly traceable to the
loaning of about $5,000,000 of country bank
money, this following the loaning of $2,000,000 of such money on time on the previous day.
A suggestion which may possibly in part explain
the large offerings of call money on Thursday
is, that the funds, amounting to about $24,000,000, for payment for the Chicago & Alton stock on
the 15th inst. are being accumulated, and that these
are temporarily loaned. It is reported, however, that
this money will not be collected by the syndicate un­
til needed for payment and that it will be immediately
returned to the market. Money on call, represent­
ing bankers’ balances, has loaned at 4 per cent and at
2 per cent during the week, averaging about 21 per
cent. The higher rate was recorded on Monday,
though the bulk of the business on that day was at
3 per cent. On the following day the rate did not
rise above 3| per cent, while on Wednesday the range
was from 2 per cent to 3 per cent, with the bulk of
the business at 2£ per cent.
On Thursday the range
was from 2^ per cent to 3 per cent, with loans chiefly
at 2| per cent, and on Friday rates were also 2£ to 3 per
cent. Banks and trust companies quote 2^ per cent as
the mininum, the majority, however, loaning at 2 f to 3
percent. Ratesfor time contracts depend almost whol­
ly upon the character of the collateral offered. On good
mixed Stock Exchange security rates are 3 f per cent
for ninety days and 3 f @4^ per cent for four to six
months, and the inquiry is chiefly for the shorter per­
iod.
As above noted, $2,000,000 of out-of-town
money was placed on Wednesday, and this was loaned
at 3^ per cent for four months on good Stock Exchange
collateral. No quotations are reported for loans with
an admixture of industrial stocks, these contracts
being generally subject to special agreement, but as
a rule the business done is at rates about 1 to
per cent higher than those quoted for good mixed
collateral, according to the character and degree
of the admixture.
There is a fair supply of
commercial paper on the market and the
demand is good, one feature being buying by
some of the out-of-town banks, which are reported to be
taking moderately large amounts of the best names.
Rates are 3 f per cent for sixty to ninety-day endorsed
bills receivable, 4@4£ per cent for prime and 4-£@5|
per cent for good four to six months single names.
The bank statement, to be made public to-morrow,
will probably be somewhat influenced by the payment
by the Central Pacific syndicate to the Government
of about $12,000,000, one-half of which will be placed
in the Sub-Trea3ury and the other half in the National
City Bank as one of the Government depositories.
The checks for the money passed through the Clear­
ing House on Friday, making the Assistant Treasurer
creditor to the amount of $5,886,391 08.
The
transaction, occurring so near the close of
the week, should have comparatively small influence
upon the averages for this week.
Our reports
show that the interior movement during the week
has not been very important, though Boston seems to
have been drawing because of dearer money at that
centre. About ^$3,000,000 gold has been received

[V ol . L X V III.

from California. Business conditions throughout the
country are good, collections are prompt and mercan­
tile borrowing is comparatively small.
There was some political tension in Europe this
week, growing out of a new phase of the RussoChinese question, but it seemed to have only
a slight influence upon the European financial
situation. The Bank of England rate of discount
remains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety-day bank bills in London
2 f per cent. The open market rate at Paris is 2 f per
cent, and at Berlin and Frankfort it is 4|@ 4f per
cent. According to our special cable from London,
the Bank of England lost £598,625 bullion during
the week and held £33,144,052 at the close of the
week. Our correspondent further advises us that
the loss was due to the export of £343,000 (of which
£330,000 were to the Argentine Republic and £13,000
to other South American countries), to shipments of
£311,000 net to the interior of Great Britain and to
£55,000 imported, of which £49,000 were bousrht in
the open market and £6,000 from Australia.
The foreign exchange market has been only moder­
ately active this week, influenced chiefly by the
course of our market for money, and also by the hard­
ening tendency for discounts in Europe. On Mon­
day, for example, when money was active here ex­
change fell off fractionally, but later in the week
when money rates on call grew easier and rates in
Europe higher, exchange became firmer. Bankers
continue to report a small supply of commercial
bills, and especially those drawn against cotton,
but at the same time there does not appear to be
much of a demand, and the inquiry seems to be
mainly in connection with the semi-monthly settle­
ment in London, though possibly pending or per­
haps completed bond negotiations may have some
influence. The arrival of $1,000,000 gold at San
Francisco from Australia is reported. The arrivals
of gold at this port during the week were $308,519,
of which $288,500 were from Europe. The range
for nominal rates for exchange has been from 4 84^
to 4 85 for sixty day and from 4 86| to 4 87 for sight,
though the majority of the drawers quoted the lower
figures. Rates for actual business opened on Monday
at a decline of one-quarter of a cent for long, com
pared with those at the close on Friday of last week, at
4 83^@4 83f, while those for short and for cables re­
mained unchanged at 4 85£@4 85J for the former and
4 86@4 86£ for the latter. The tone was easy, influ­
enced by more active money, as above noted, and it
so continued on the following day, though then no
change was made in quotations. The market was
steady and rates were unaltered on Wednesday, but
on Thursday the tone grew firmer, influenced by
easier money on call here and slightly dearer dis­
counts in London, and rates for actual business were
advanced one-quarter of a cent all around to 4 83|@
4 84 for long, 4 85f@ 4 86 for short and 4 86^@4 86^
for cable transfers, and Continental exchange was also
firm. The market was easier on Friday at a decline
of one-quarter of a cent all around, with rates for
actual'business 4 83£@4 83f for long, 4 85A@4 85f for
short and 4 86@4 86£ for cable transfers.
Commer­
cial on banks 4 83@4 83^ and documents for payment
4 82J@4 83L
Cotton for payment 4 82^@4 82|,
cotton for acceptance 4 83@4 83£ and grain for pay-

M arch 11, 18«9.J

THE CBLRONICLE.

449

ment 1 83@4 83|. The following shows daily posted year. Furthermore, there were at least two occasions
when trade throughout the whole country showed a
rates for exchange by some of the leading drawers:
DAILY POSTED BATES FOB FOBEIOS BXCHAXOE.
lagging, halting tendency. One of these occasions
was early in the year when the relations between the
W it*. T h u s ., p h i ..
MO».. t u b s .
Mar. 3 Mar. 6. Mar. 7. Mar. 8. Mar. y. Mar. 10,
United States and Spain became so deeply disturbed,
84*
84*
84*
9 4*
<00 days. 4 31*
Brown B ros-..-..
86*
86*
8 6*
. 44*
3 6*
f«s
finally culminating in war. If this interruption did
85
85
85
86
86
f 60 day*. 4 %
87
87
87
87
S7
not last very long, at least during its continuance
M*gnnn 4 Co.. 1 Bight*... 4 37
SA*
8A*
3A*
81*
} 60 days. i U H
Bank British
business revival ceased making very much headway.
SO*
86*
SB*
so*
No. Am erica.. 1 S ig h t -. 4 3d*
8 4*
84*
S i*
S4*
j 60 days. 4 34*
Bank o f
Later in the year there was another pause of tem­
8 6*
86*
86*
86*
M ontreal........ \B ig h ts. 4 3 6 *
S£
85
85
85
85
85
Canadian Bank f 60 day*. 4 85
porary duration in the period preceding the Novem­
87
87
87
87
87
o f Commerce.. \ Sight.... 4 -*7
8 1*
s i*
81*
Hat del bach, lek- 1 60 day*. 4 «4 *
8 1*
SiH
ber election, when there was a disposition to wait and
8 0*
BA*
elb aimer 4 Co. ( Bight*... * m i
80*
8Mi
8 0*
84*
84*
84*
84*
8A*
4W M
see whether the silver forces, after their defeat two
F rerw ... {
86*
86*
86*
8 6*
80*
1 *1
84*
84*
84*
g**
Merchants’ Bk, ( 60 day*. 4 85
years before, would show a revival of strength.
M*
86*
BS*
o f Canada.« . . . 1S ights.. 4 87
SO*
80*
so*
Of course we do not intend to assert that trade and
The following statement gives the week’s movement
business in 1898 were not larger and better than they
of money to and from the interior by the New York
had been in 1897. The noteworthy increase in the
banks.
tonnage and traffic of the railroads shows that there
Received by Skipped by ^ Net Interior
Week Mndint Mar. 10. 1909.
was a very decided betterment and enlargement. We
Movement.
n . r . B * a . . S . 7 . Banks.
only mean to say that there was not a full and free
•5,104.000
* 003,000 Gain $501,000
S o ld ............. .....................................
633,000
- 0 . 0 00 1Gain. 330,000 and continuous development, that hence while the
TotAl co ld M IttrAl ton a or a ___ •5,117.000 •5.006,000 OMn. 5811.000
ill
expansion in the volume of traffic was large it was
With the Sub-Treasury operations and gold im­ not as heavy as it otherwise would have been, and
ports the result is as follows.
that as a consequence the addition did not suffice,
so far as net revenue was concerned, to overcome
Into
Out of
Change in
W u k Ending Mar. 10, 1900.
Banki.
Banks, j Bank Holding,
the effects of certain depressing agencies which have
B an ks'interior m ovem ent, a* above •5.817.000 •5.006.000; Gain. #811.000 played a very important part in the year’s revenue
37,700.000 36, TOO,000] Gain. 1,000,000
results. These depressing agencies were mainly the
T otal gold and legal tenders....... r ta .3 i7 .o o o 531.70«.OOOtO*lcJlSll.OOO
demoralized rate situation and the unsatisfactory
The following table indicates the amount of bullion
condition of the anthracite coal trade. With refer­
in the principal European banks.
ence to the latter, the Pennsylvania is not, as is
Mar. 10. 1896.
Mar. 0. m o
known, a distinctively anthracite coal road (that is,
Bank of
GoU. ( Silver.
lota .
Oold.
SttMT. 1 TSUI.
the anthracite coal traffic does not form a preponder­
9
I
3
Jt
1
1
ating part of its tonnage); nevertheless, the anthra­
33.il 4.053
........ 33,625.904
1 3S.U4.062 83.635.904
Ssurlcad ....
47.704.883 130431.911 75.731,081 48.484,4*7 124.305,56$ cite traffic constitutes an important item of freight,
F ra n ce .6...
Germ a n y..... 39J31.0C0 15.110.000 44,141.00 3l.673.000! 16^16.000 47,969,000
943*7.000 4.5-3.000 103.920,000 UMOO.COO 4.1*2,O O 119.306.040 and the fact that the trade was so much depressed—
Susaia
O
▲ oak-Hong ’ y 35,990.000 12.496.000 48,416,000 80,906.000 113.4*4,000 4»,3*9.0OC that the inquiry Tor coal was diminished and tolls
Spain..........
11.2:58 000 10.356.000 2 U 9-4.000 9.500.000 10370.000 SC, *30,000
Ita ly ............. 14060000 3.384.000 19,03 4,000 UfiO7,000 1.8.17,000 17,434,or
were lower—necessarily operated to the disadvantage
N etherlands, 4.313. 'X> 6.855.000 11.167.00C 3.736.000 6 891,000 9,829.000
N aL Beiglani . 3,237.000 1.619.000
4,865.000 2,893,000! 1.447.000 4,3 40,00* of the road.
As to the demoralization of rates, that was the
Tot- this week *H,sr7«.06e 101016883 46&99&96Q AH ,060.075 103470.487 ]436,550.562
T ot.p re*. w** 806,443 70S 400*39§«l 4<?5 693 588 «9&8?&,7U» 103744.4-43*10.620,163
most important adverse influence in the year's opera­
tions. The situation in this particular has improved
P E N N S Y L V A N IA R A IL R O A D R E P O R T .
so materially since the opening of the current year
The Pennsylvania Railroad in its report makes that one is apt to forget how totally different was the
just 3ueh a showing as one would expect in the case state of things during 1898. Hence, it seems im­
of a property so excellently managed and which for portant to repeat what wo have said many times in
years has been maintained at such a high standard of these columns, namely that never before except at a
efficiency in every branch of the service. Possibly time of actual war between the roads were rates in
some disappointment will be felt over the fact that such a chaotic condition. Scarcely any attention was
the income account does not reveal a larger surplus paid to schedule tariffs, and shippers were able to
on the year’3 operations over aud above the regular make practically their own terms. The blame for
dividends paid. But considering on the one hand the this hardly attached to any one road, and the stronger
conservative methods of bookkeeping employed by companies, like the Pennsylvania, which always are
the company and the disposition on the part of the the last to yield to the general pressure, were power­
managers to make large contributions out of earnings less to check the evil, try how they might.
each year for outlays which under a less far-sighted
On every page of the report we find evidence to
administration would be charged to capital account, show the effects of the rate demoralization. In the
and considering on the other hand the fact that the first place there has been another important decline
conditions prevailing were not altogether favorable, in the average rate received. On the lines east of
the results cannot be regarded otherwise than very Pittsburg and Erie this average has now dropped to
satisfactory and very creditable.
below half a cent per ton per mile, having been for
It may perhaps be deemed strange that we should 1898 only 4-99 mills, which compares with 5 36 mills
say the conditions were not altogether favorable. for 1897. If this were simply the rate for coal (of
But such is very decidedly the fact. Bear in mind which the Pennsylvania has a large tonnage) or
that though 1898 was a year of reviving trade, the tor some of the otherj low-grade and bulky freights,
Eastern half of the country, in which the lines of the it would not be so important. As it is, it is the
Pennsylvania system are located, did not share in this average on the company’s entire freight traffic, and
to the same extent as the Western half. One or two the Pennsylvania of course has a very large tonnage
leading industries, as is known, did not reveal evi­ in the high-class freights. On what is called the
dences of activity until well towards the close of the "Pennsylvania Railroad Division,” which forms patr

450

THE

CHRONICLE.

of the lines east of Pittsburg, the; average for 1898
was but 4 ‘34 mills, against 4*75 mills,jin 1897, and
on the Philadelphia & Erie (also a part of the lines
east of Pittsburg) the average was less even than
four mills per ton mile, being 3’98 mills against 4 ’20
mills.
Looking now at the gross revenues of the lines east
of Pittsburg, it is seen that the total was $65,603,738
for 1898, against $64,223,113 for 1897, the increase
thus being $1,380,625, or a little over two per cent.
But on examination it appears that $1,037,478 of this
increase was in the passenger department, that
freight revenues were added to only in the sum of
$169,599, or not much more than one-third of one
per cent. On the other hand the tonnage mileage in
1898 was 678,302,041 ton miles greater (or 7 93
per cent) in 1898 than it had been in 1897. In brief,
on account of the decline in rates the additional
tonnage of 678 million ton miles brought with it
an increase in freight revenues in the insignificant
sum of $169,599.
But the revenue accounts tell only part of the
story. The expense accounts snow the effect no less
plainly. With $1,380,625 addition to aggregate gross
receipts, the augmentation in expenses was $1,252,389, leaving a gain in net of only $128,235.
It fre­
quently happens that augmented expenses are due to
heavier outlays on maintenance account.
In this
case the increase has followed almost entirely from
the larger cost of “ conducting transportation,” $1,142,
442 of the 81,252,389 augmentation in expenses being
explained in that way. This simply means that while
the increased traffic yielded very little addition to
gross receipts, it added very decidedly to the expense
accounts. In other words, it cost more to do the in­
creased amount of work. Yet it is a fact that the prop
erty was managed more economically than ever before
and the transportation cost per unit of work was
further cut down. The expense of transporting a
ton of freight a mile on the lines east of Pittsburg
was only 3-55 mills, against 3’69 mills in 1897. But
the saving here was proportionately so much less than
the coincident shrinkage in rates that the profit per
ton per mile fell to 1-44 mills, against 1-67 mills.
The experience for the lines west of Pittsburg has
been much the same. The Pennsylvania Company,
with $863,938 addition to the gross receipts, added
$1,369,741 to expenses, producing an actual loss of
$505,802 in net earnings. Doubtless, in this case
heavier outlays on maintenance and betterment ac­
count have played their part in bringing about this
unfavorable result. The Pittsburg Cincinnati Chi­
cago & St. Louis in like manner suffered an augmen­
tation of $1,490,727 in expenses, with only $1,170,709
increase in gross receipts, thus causing $320,017
diminution in the net.
In these cases we have dealt only with the re­
sults for the lines directly operated east and west of
Pittsburg. The report contains a statement embrac­
ing all lines— owned, controlled and operated. Here
we find an expansion of $4,591,384 in gross receipts
but a contraction of $676,914 in net earnings.
The
Pennsylvania is of course a system of great magni­
tude, and the $4,591,384 increase in gross revenues
amounts to only 3$ per cent. The increase in the
tonnage movement one mile however was 9 per cent
and in the passenger mileage about 7 per cent. Perhaps
the best way of indicating the effect of the great
decline in rates which has been going on so

[VOL. LXVIII.

steadily for so long is to contrast the results for
1898 with some of the earlier years. With the in­
crease in the late year the aggregate of the gross
receipts in 1898 for the whole Pennsylvania system
stood at $132,869,470. But back in 1892, six years
before, the aggregate was as high as 8139,133,660.
A t that time some income other than from traffic was
included in the totals. Eliminating this the 1898
result would still fall over four million dollars
below that for this earlier year.
And yet
in the meantime there has been a tremendous
expansion in the traffic of the system. The passen­
ger movement, it is true, was somewhat less in 1898,
having been 1,619,986,095 passengers one mile in
1898, against 1,758,907,322 in 1892, but the freight
traffic aggregated 16,169 million tons one mile in
1898, against only 13,457 million tons, the increase
thus having been 20 per cent. In brief, such has
been the decline in rates that even with an addition
of 2,712 million ton miles to the traffic of the system,
gross revenues still fall over four million dollars
short of what they had been in this earlier year.
We have gone thus at length into this question of
declining rates because, without a thorough under­
standing of it, the trying character of the conditions
prevailing and the favorable nature of the results at­
tained thereunder could hardly be fully appreciated.
Aside from the small gain in net on the lines directly
operated east of Pittsburg, the rental charges of leased
and operated roads were considerably heavier, so the
net income above charges for 1898 was only $10,228,728, against $10,833,132for 1897. The contributions on
sinking fund account were a little heavier in the later
year, but the extraordinary expenditures were some­
what less. Deducting these, the final result may be said
not to have differed much in the two years, being $9,108,089 for 1898, against $9,346,637 for 1897. The call
for the five per cent dividends was $6,465,236; hence
there was a surplus of $2,642,852 over and above the
amount required forthe dividends. Out of this,$1,800,000 was contributed to the Extraordinary Expenditure
Fund, leaving $842,853 as the surplus which was ac­
tually carried forward to the credit of profit and loss.
We may sum up therefore by saying that in a year
of exceptionally great demoralization in rates the
company earned its 5 per cent dividends and had
left a surplus balance of $842,853, after (1) providing
$673,857 for extraordinary expenditures in revising
grades, alignments, etc., and (2) making a contribu­
tion of $1,800,000 more to the Extraordinary Expen­
diture Fund. It deserves to be remembered too (3) that
this result was attained without including any return
from the company’s investments in the stocks of its
Western lines. No dividend was paid on the $21,000,000 of Pennsylvania Company stock owned, nor
was anything received on the holdings of Pittsburg
Cincinnati Chicago & St. Louis shares.
The pay­
ment of dividends by these companies is largely a
matter of policy. The final net result of their opera­
tions was not as favorable in 1898 as it had been in
1897, and yet the aggregate net profit was large,
being no less than $l,8s0,744, which compares with
$2,336,598 for 1897. A dividend of 1£ per cent has
just been declared on the preferred shares of the
Pittsburg Cincinnati Chicago & St. Louis, but the
Pennsylvania Railroad’ s direct holdings of these
shares is small.
A dividend on the Pennsylvania
Company stock however would mean a large addition
to the net income of the Pennsylvania Railroad.

THE

Mabch 11, 1899. J

R A IL R O A D

GROSS E A R X I.V O S
FEBRUARY.

FOR

We presume no one looked for a very favorable
■exhibit of earnings for the month of February. The
weather was so had and was such an all-controlling
factor in the situation that it was impossible that
the returns should not reflect the fact. Last year the
weather was very mild and the interruptions to traffic
movements on acconnt of adverse meteorological con­
ditions hence were comparatively slight.
The
present year the conditions were about as bad as they
could be. Out in the extreme West, in Colorado and
Wyoming, many of the lines have been almost con­
tinuously blockaded with snow for some weeks.
In the eastern half of the country the trouble
-came from a doable source. In the early part of the
month iutense cold was experienced, the temperature
even here in New York dropping to below zero for
several days. Then came the great snowstorm, or
blizzard, culminating on the 13th in one of the worst
disturbances of this kind with which we have ever
been afflicted.
In some respects the disturbance
was worse than the memorable blizzard of March 12,
18S8. It covered for one thing a much wider area,
embracing in its sweep the whole of the territory
from Texas to the Canadian border.
In the
South the mercury touched low points nevor
previously known.
What the effect on busi­
ness and traffic on the Atlautic coast was
is within the recollection of every one, the occur­
rence being so recent. Railroad traffic was for the
time being almost entirely suspended, and it took
many days to restore normal conditions. In some­
what smaller degree the whole eastern half of the
country suffered.
Evidence of the disturbing nature of the occur­
rence is found in our summary statements of the earn­
ings for the different weeks of the month. For the
first week the results were still fairly satisfactory,
onr table recording 3-24 per cent gain. For the second
week the statement showed 2819,235 loss, or 11*28 per
cent, and 65 oat of 77 roads reporting fell behind.
For the third week there was a trifling increase, but
35 out of the 80 roads included in the statement still
had losses. For the fourth week there is 2*76 per
cent gain, with 30 roads reporting losses.
For the full month onr compilation to-day, embrac­
ing 123 roads, records a small decrease in the aggre­
gate— #402,570, or 1*02 per cent.
That must, all
things considered, be regarded as a very satisfactory
exhibit, especially as the showing last year was exceed­
ingly good, onr table recording almost five million
dollars improvement, or nearly 14 per cent over Feb­
ruary 1897.
The following gives the February sum­
maries for a series of years past.
Mileage.

Earning*,

Increase
O
T
Dterrajf.

Year
Given,

VUtt.
100.519
•4,050
•5.333
•8,7*0
•6.405

•
1
33.303,0*2
Ore, 718,340
35,257.131 31,030.011 tnc. 4,109.171
35.24a «»•
104 Ore. 319.900
4
00,190.074 Tne. 4,028,219
39.159,700 $*.663,3»0 Due. t'JS.470

100.030
Bias?

100,519

70,507,041
7H.79B.331
71.224,339
84.349.575
83.Ot0.O45

5

1 to F«6. 28,
131(o»d*)......
Mas n »? roadat........
1W7 ,130 ro*do)......13^6 i ISO road*;.......
t W I W n * i l ......

MU44.
im jm
93.411
**.022
•8.700
W.337

Year
PrrcAtUng

H

Tthruary.
isos 1
1*1 ro»<ij,....
1896 (its road*),....
1897 (130 rr>*d«»......
1 * » (U1 tT>»d»)......
U W fi2& ro*49}+....

Year
Preceding

Year
Given.

71.074,926
05.753.U7
73,966.209
73/09,097
HOPM.o-n

451

CHRONICLE

Dec. 7053*1
Ins. 8,045,174
Dtt. 2.730.9Je
Ins. 11,200.478

ton movement in the South, due in large part to the
adverse weather.
The overland movement of the
staple closely approached that of the previous Feb­
ruary, the gross shipments amounting to 170,907 bales,
against 191,316. But the receipts at the Southern
ontports aggregated for the month only 356,091 bales,
against 667,534 bales, as will be seen by the following
table.
RBJSIPTB OF COTTON AT SOUTHERN PORTS IN FEBRUARY, AND FROM
JANUARY 1 TO MARCH I , IN 1891*. 1 89 8 AND 1 89 7 .
February.

Port*.

Since Jayiua-iy 1.

1899.

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

1897.

1899.

1993.

1807.

90,323
4.710
119,750
14.004
12,735
4U.92D
8.093
10,119
115
4.118
62
33,345
2.790

138.318
13,825
270,797
28,432
13,538
80 818
35.503
24,438
10,796
12.052
117
30.950
2,030

80,075
15,045
130.010
17,512
7,404
50.492
0,051
27.816
00
0,75$
44
26.091
1,477

314,377
13,962
403.830
43,000
44.411
167,229
52.607
32,111
3.054
15.79S
UW
103,823
4.140

305,202
23.981
723,691
89.987
38,147
100,343
74,430
06,334
12, O
SS
29,178
*«
79.491
4,720

195,643
26.252
350,995
55,746
24,150
128,323
10.679
53s721
5.644
21.020
138
75,131
3.141

360,091

ftAlYMton........ . . . . bales.
Texas City. A c..............
Mew O rlea n s....................
Mobile................. ..............
F lorida..........
Savannah........................ .
Brunswick, A c...... ..—
Charleston............... .
Port Royal. A c .. ...........
ffllm lnffton.....................
Washington. A c ...........
H orfolk .... . . . . . . . . . . . . . .
W est Point, A c ...............

1898.

007.534

370.848 1,195,71011,097.92?

959,579

The grain movement in the West, notwithstanding
the increase last year, made this year a further in­
crease. Thus for the four weeks ending February
25 the aggregate of the receipts of wheat, corn, oats
barley and rye combined was 53,G50,919 bushels in
1899, against*45,350,572 in 1898 and 42,107,939 bush­
els in 1897. It is important to note however that
in the present year the further gain was almost en­
tirely at the spring-wheat points— Chicago, Minne­
apolis and Duluth— while St. Louis and most of the
points in the Central West suffered somewhat of a
decrease. This fact is manifest from the following
e.
axcmrr* o r ru tv * x*x>
Flour.
(tou .)
tAiWW 1 wks. Feb.. 1809
M J99S
1H
4 WAS, F«*>.. IM
S*,
«u6J72
Since Jaa.1. 1890 1.061 9*7
«u .m
Since Jan a. UR*
MViea'ike*—
4 wks. Yeb.. 1-999
4 wks. Feb., mm
juo.ooo
Since Jan. 1 .1890
507.090
Since Jaa.1,18W
ft.
4 wk*. Feb . 1890
103.83%
4 wk*. Feb., ins*
103,005
81ace J an. 1,1899
184,00c
Since Jan. 1. lift*
104,62*
Toledo—
10.OB3
4 wk*. Fet/.. 1*90
* wk*. Fwb-. 1 W
2.70*
tm ee JanU. l*v0
*3.576
Since Jan. 1. 1898
0.791
Detroit —
4 wk«. Feb.. 1899
11,600
4 wk* reb.. 189*
87.044
Since Jau.1,1899
*9.900
Since Jan-1,189*
40^75
Cleveland 4 wk*, Feb , 18W
4 wk*. Feb., IH h
*»
’ 24.584
Since Jan.l. 1800
Since JanJL, V m
'58,99!?

rrw at,
(bu*k.)

roa

rocs v u u

» h d i» q

Oats,
(bueM.)

IlaHtv,
(Doth.)

Cbm.
(trueh.)

fed.

25.

Rye,
(bU4h.)

1,838 801
L06t.t86

1.1W.C62
1,127.4ft
2.516.102
2,61 4,43 4

265.455
1-2.100
678.031
421,050

Or7.0OJ
728 Q
0O
1^63, S C
O
1.273,945

610.80C
636,250 1.021,600
784,000
699.80C
464.75C
1,«60,70< 1,740,200 1.308, IM
1.071,650 1,836.000 1.641,110

156.800
150,000
334.500
311,730

610,921
*87.170
1,141.504
759,107

952.80C
1.693,876
2.600.5510
819.745
3.085,S4< 1,72.\0hC
5.700,9.0 1.309J06

82.501
193.0*5
386.75C
885.535

21.700
131.713
10,01,0
186,713

544,709
365,321
1.044 8^4
014.675

1,481,010
1,111.640
*. 8*6.591
2.407.607

187,746
138,476
303.*76
494,061

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

82.934
13.931
1*1.223
27.147

*83,1**
261,366
601.974'
410.060

191,056
282.421
310.021
417.148

71.617
101.876
128.163
340/00

27,727
194.352
56,165
332,102

18,133
*6,026
62.125
103,084

746.830
u m m
1/120,642
2,106,477

476,517
63*. MB
829,404
058,260

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

...........

*6.000
* i.200
88,4)0
81,700

1,412.050
693,460
1,762.300
840.05M
231.9.800 1.180,0-*0
2,919,950 1.4*1,630

106.050
104,390
3u4,80u
886.600

6.000
7,200
21.000
17,000

8,880.704
•91,967
5.444.875
2A70.3A.

1,602.603
650,170
603,^9)
726,341
2.670.046 1.304,2*0
852,245 1,294,091

£6.82fi
54.73-?
159 341
101.658

87.363
88.660
199.205
219,139

6,365.47*
4/? >0.310
94,8-i 12,546.20*
99,963 10, *88.180

1.689.30) 1.536.380
762.430
370.110
3.78d. *80 £,979,500
7SJ.610 1,882,020

m

4 wk*. Feb., v m
4 Wt<. Feb.. U9H
Since Jacul. 1890
S ta M ju U I lW
DuI«#A—
4 wk*. Feb.. 1899
4 wk? 1 Ob.. 1898
Since Jan.l. 189*
Since JanJL,1898
Mtn* "t»/>(U4 wk*. Feb.. 1800
4 wk*. Feb , 18$*
Since Jan.1.1W ‘
Since Jan.1, ltb*
> f i w » Oil#—
* wk*. Feb., 1.899
4 wk*. Fob .
Since Jan.l, 18M
Sin to J a o X 1898;

o k a ih

* 1,400
3-2 90
7*
4

_ ...

1*488. OH 8.0*6J M
0.0XS.O8 < 7.021,000
11.4X5,678
*,031,1*0 17,8*3.067 U.658.046

80.00'
219.648
217.937
SW.39?

*3.287

...

Total o f ou—
4 wks Feb., 1890: 770.6S3
* wi>.
ms*
800 014
Since Jan-1,1899 1,707,84%.
Since Jan.1 18981 1/97,403

l 890,90*>
1,827.1)00
a.190.700
2.087,0 X
*
18.396.857
10.0 >9.075
^.48T,S8?
20484.863

67.3 000
U07.VW
1.3*3,750
2,767.000
*1.701.00-“
20.0-8,166
47.481/38
36.062.6444

318,00 •
270.000
406.000
539.000
IM7S.422
12.110,616
21.987.540
85.13-1.083

........
2.0*8,449
038,285
014.685
2.468.091
4.710.J32 1,406,084
6,470.499 1.294,763

If we treat Chicago by itself and take the fignrea
for the even month, the advantage held by the spring
•*,418
wheat sections (and consequently the roads running
AaTar as the ordinary traffic influences were con ­ through those sections) in the way of a larger move­
cerned, there was a very decided shrinkage in the cot­ ment becomes still more patent. The total of the
95.335

• f.on
96.490

THE

452

rvoL. Lx\m,

c h r o n ic l e ;

receipts at that point for the month was 24,702,627
bushels, against 19,914,883 bushels for February 1898
and 18,379,731 bushels for 1897. Annexed is our
usual table, giving full details, and also showing some
of the items of the live-stock and provisions move­
ment. It will be observed that the receipts of live
hogs were 724,998 head, against 690,656 head in 1898
and 709,538 head in 1897. We may add that in the
live-stook movement as a whole there was a loss, the de­
liveries by the various roads aggregating 20,054 car­
loads, against 22,170 car-loads in 1898 and 21,605 car­
loads in 1897.

■ AKNINQS OF NORTH WESTERN AN 1 NORTH PACIFIC GROUP.
-1
bebruary.

1899.

1898.

1697.

BurLCed.R.A No.
Canadian Pacific.
Ohio. Gt. W e st....
Chlo.Mil. A 8 t.P ..
Duluth 8.S.A Atl.
Great Northern..
Iowa Central...
Minn.A 8t. Louis
M. St. P. & S. S. M.
Northern Pacific
8t. Jos. A Gr. Isi .
8t.Paul A Dulutr
W isconsin Cent’ l.

t
353,016
1,762,000
448,520
2,573,815
134,8 tl
1,442,512
158,910
106,489
246.362
1.558.188
84,03
120,065
306,474

*
307.631
1,494,597
415,585
2,394.659
108.453
1,274,805
149,837
143,297
244,085
1,809,640
110,029
102,053
841,457

1
310,801
1,272.094
392,406
2,119,740
95,195
1,021,727
128,794
135,169
229,443
1,029,50c
103.391
87,279
310,353

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

189.-.

18V9

1897

1809.

1898.

1897.

983.169
41V82 4,748.330 2,103,109
0.848,30c 27,234.067 18,876,330 10.558 573
9.898.V8 15,261.390 15,057,445 15,910,485
319,204
707.531
432.000
123.891
2,OP0,620 2.599.30*2 2,091,084 3,424,057

Wkeat.busi
Oorn...bust
O ats., busi
B ye., .bust.
Barley.busl.

1.823 375 1,098,265
13,310.306 10,314,540
8 220.089 7,174,850
226.' 0
190,050
1.116.852 1,141.672

Total gran
F lour.. bbh
Fork....bbi»Outm’ts.lbf
Lard...... lb»
Lire hoggN'

24,702.627 19,914.883 18,879,781 60,551,22J 38.657,568 31,195,548
320,841
632.880
211,58 1,087.007
309.831
379,333
1
507
107
1E0
10
12.919.918 18.070.018 11,007,937 28,921,293 37.419,816 23,254.292
3,908,793 4,760.08V 4,560.846 12,204,437 11,304,452 11,078,031
690,058
724.9P8
709,538 1,571,277 1,447,901 1,473,442

t
452,393
968,431
136,736

B. A O. 8.W
C. C.O.ASt.L
Peo.AKast*
G .T .of Cau.
Ch.AG.T... 1,824.436
D.G.HAM.
N.Y.C. A R+ 3,275.916
1,011,497
W abash ....

PRINCIPAL CHANGES IN G R O S S
In creases.
C anadian P a cific............ $ 25 7 ,4 0 3
C hic. M il. & St. P a u l....
179 ,15 6
G t. N o rth ern S y s te m ...
1 6 8 ,20 7
G ran d T ru n k S y s te m ..
1 4 9 ,98 3
W '
__________
~ ab a sh ..
'
58,6 84
M e x ica n C e n tra l...........
51,5 75
B u r. C ed .B ap id s & N o ..
46,015
C hio. G roat w e s t e r n . . . .
32,9 35
K a n . C. P itts. & G u l l . ..
3 0,9 04
In te ro o e a n lo * ...................
3 0 ,2 7 0

EARNINGS IN F E B R U A R Y .
Ik o /, r n ,i a oe
N ew Y o r k C e n tra l....... .* $ 10 3 ,8 0 1
N o rfo lk & W e ste rn .....
100 ,55 5
C lev. C in . Cliio. & S t.L .
----------93,2 87
Illin o is C en tra l...............
91,442
O regon H R. & N a v ........
87,6 72
T e x a s & P a cific..............
73,0 99
B alt. & O hio S outhw est.
70,745
K a n . C. F t. S. & M e m ...
62,160
C en tra l o f G eorg ia - ..
53,708
N orth ern P a c iflo ...........
4 8 ,3 5*
8t. L ou is S outhw estern.
45,1 39
W iscon sin C e n t r a l . ... ..
34,983
G e o r g ia .............................
35,565
In tern a t. & Gt. N o r ___
34,797

T o ta l (rep resen tin g
14 r o a d s ) . .............$1,0 0 5 ,1 3 2
D ecrea ses.
M o. P a oiflo ........................ $ 2 1 8 ,0 0 0
C hesap eake & O h io _______________ 1 53,388 l (rep resen tin g
T o ta
L ouis. & N a sh .................
1 38 ,43 4
17 r o a d s )................... $ 1,4 4 5 ,1 3 3
"F o r th ree w eeks o n ly .

The foregoing gives prominence to the fact that
the roads chiefly distinguished for improved earnings
are nearly all located in the spring-wheat sections,
where, as we have seen, the gram movement was so
full and free. The fact that these spring-wheat
roads have done better than any others also appears
when the roads are arranged in groups. This is done
in the tables which follow, giving comparisons for
leading roads in each group, and it will be noticed
that the Northwestern group is the only one having
a larger aggregate for 1899 than for 1898.
EARNINGS OF SOUTHWESTERN GROUP.
February.

1899.

Ool. Midland.
Don.* Rio Or
Ft. W . A D, C.
lnt.A G t.N o..
K.G.K.8.& M..
Mo. K. A T er
Mo.P.&Ir.Mt.
K. Or. Wert
at. L. A S. Fr.
8t.L. Bouthw.
Texas A Pac
U.Pac.D.&G.

S
X123,880
561,500
$118,829
+264,342
a‘297.334
822,635
1,880.000
218,800
632.303
416,719
579.274
♦302,128

1898.
1
123,839
549,700
118,829
+269,130
a350,494
849,479
2.098.000
200,800
556,360
46L.858
652,373
802,128

1897.
1
122.932
435,953
75,08c
+286,02t
3 <11,481
877,712
1,853,819
167,678
471,938
360,589
632,826
285,38f

1896.

1895.

«
*
140,047
111,620
614,433
493,152
e8,248
82,814
+259,088
210,559
380,404
338,069
916.094
797,167
1,792,252 1,003,538
151,011
134,837
483,470
413,104
419,119
392,013
626,741
489,028
206,768
206,037

1894.
109,233
482,140
77,895
214,012
331,115
631,070
1,009,807
130,731
437,075
383,180
462.393
215,070

Total.........
6.117.^53 6.576.548 5,807,374 6.857,78- 5,303,408 5,149,487
#~
a g uu
oimpiy tuo totals or tne earnings for th c
rour wocks o f the month as reportod in the weekly returns; the month’s earnI dbs usually exceed the weekly estimates quite considerably.
^ W h e a ton Houston A Henderson not Included for these years.
fou rth week o f February not reported; taken same as last year.
* Month o f February not reported; taken same as last year.

189*.

1897.

1898.

1899

$
454.005
986,400
137,851
1,200,717
221,001
72,420
3,276,155
802,860

1
523,138
1,001,718
157,069
1,074,463
3,370,717
952,813

*
481.427
970,748
139,490
1,178,433
247,349
00,749
3,177.037
923,270

1895

915,047
75,320
84,808
........

1894.

$
485,011
970,9)1
127,721
1,099,45"
182,050
60,49*
2,941,706
844,52 h

7.088.408 7,74*.«'8 7,210.631
7,18l.5’>
3 0,711.0Q2
T otal........
♦■Includes Rom e W atertown & Ogdensburg fo r all the years.
BARNING8 OF SOUTHERN GROUP.
February.

It is almost unnecessary to say that the roads re­
porting losses in earnings this time outnumber those
reporting gains. Altogether our table covers 123
roads, and out of these 62 have fallen behind. Never­
theless, there are several companies that have quite
fair-sized gains, the Canadian Pacific leading, with an
increase of over a quarter of a million dollars.
In
the following we have brought together all the gains
and losses in excess of $30,000.

0,207,695

*
893,924
1,154,252
290,100
2,106.786
94,482
837,821
151,058
125,288

EARNINGS OF TRUNK LINES.
February.

Since January 1.

1894.

1895.

t
1
351,238
278,238
1,325,250
992,032
390.857
247,203
2,805,680 1,927,522
145,120
130,847
1,146,8l8
889,573
167,331
121,875
148.876
112,229
243,637
191,075
1,155,031
938,606
47,624
42,312
91.021
88,053
293,172
848,040

9 346 43’ 8,09f).6Sl 7.2W.397 7.810.604

RECEIPTS AT CHICAGO DURING FEBRUARY AND SINCE JANUARY 1.

February.

1896

1899.

1898.

1897.

1890.

1895.

I
495,287
876,393
111,643
1,176,831
198,207
66,653

3
,955,918
863,485
6,716,367

1894.

$
$
*
$
*
t
128,901
Alabama Gt. So..
142,770
127,415
100.429
109,013
109.000
Cent, o f Georgia.
441,794
495,502
474.980
620,016
903,707
481,147
760,002
913,390
Chesap. a unto.
775,708
781,509
646,948
000,87T
Cin.N.O. A Tex.P.
325,970
321,180
201,514
206,055
239,847
280,000
120,797
150,302
Georgia...............
152,000
150,055
89,056
124,979
Kan.C.Mem.ABir. a 106,065 a 129,318
103,219
99,932
72,705
83,401
Louisv. A Nashv. 1,610,550 1,754,084 1.507,828 1,610,571 1,301,940 1,481,127
342,000
Mobile A O h io..
347,049
331,529
289,511
231,0)3
250,737
430,14(
Na8h.Chat.& St.L. *430,144
420,932
4l9,33fc
340,832
357,511
720,341 * 820,896
Norfolk & W est.b
769,494
897,9r4
689,845
653,489
Southern R y ... ) 1,829,704 1,852,343 j 1,570,922 1,494,918 1,250,478 1,448,293
Memphis Div. £
< 100,802
113,900
76,472
95,953
T o ta l.............. 0,818.334 7,370,611" 6,640,453 0.750.804 5,479.884 6,038,014
a Figures Here fo r 1690 and 1898 are sim ply the totals o f the earnings fo r tb e
four weeks o f the month as reported in th e weekly returns; the m onth’ s
earnings usually exceed the weekly estim ates quite considerably.
b Including Scioto Valley & New England and Shenandoah Valley fo r all th e
years.
XFigures are approximate, same as fo r 1399; actual earnings were larger.
* .Month o f February not reported; taken same as last year.
EARNINGS OF MIDDLE AND MIDDLE WESTERN ROADS.
February.
Ann A rbor----- —
Buff.Roeh. A Pitt
Chicago A East 111.
Chic.Ind.A Louisv.
Chic.A W est Mich,
O ol.H . V. A T o l...
Det.G.Rap.AWest.
Elgin Jol. A East..
Bvansv.ATerre H.
Flint A P. M arq....
Gr. Rap. A Ind......
Illinois Central*...
Lake Erie A W est.
Long Island...........
Lou.Evans.A St.L.
N. Y . Out. A West.
Pittsb’g A West’n.
Tol. A Ohio C en t..
Tol. Peo. A W e st..
Tol. S t.L . A K .C ..
West. N. Y. A Pa..
Wheel. A L. E rie ..

1899.

1898.

1897.

1896.

1895.

1894.

t
$
i
*
$
i
125,700
95,000
109,413
88,605
69,303
81.433
258,860
258,673
235,731
218,262
181,734
209,391
337,012
322,830
357,186
813,140
284,710
286,61®
215,397
224,988
202,723
219.991
174.908
201,657
118,005
al45,525 all9,323
121,309
110,027
U0,64t
157,744
*103,939
108,039
209,735
171,199
181,298
<z90,958
90,823
a91,755
80,957
80,706
75,190
127,389
187,620
90,745
102,168
84,741
90,551
92,616
77,026
87,577
90,293
75,410
81,170
214,104
224,902
214,700
222,839
168,060
203,81*
192,964
200,760
186,047
201,920
194,908
173,01®
2.091,956 2,183,39- 1,764,240 1,755,278 1,523,910 1,540,631
272,042
257,460
238,017
231,811
201,512
237,047
198,733
182,411
179,041
191,330
182,695
199.752
121,442
114,256
104,543
109,543
101,169
110,048
258,945
280,880
258,234
232,905
228,602
223,862
177,851
174,753
176,488
164,603
162,599
129,458
106,7? 8
116,190
117,476
138,493
127,958
104,085
78,281
77,124
75,040
82,083
69,108
72.209
140.809
150,210
167,477
87,934
143,882
111,262
214,400
205,088
195,839
196,235
191,721
208,700
106,670
95.505
83,044
68,487
111,119
85.217

T otal................ 5,705,909 5.785.337 5.172,914 6,225.232 4,730.379 4,649.907
a k igures here for 1899 and 1898 are simply the totals o f the earnings f«>r the
four weeks o f the month as reported in the weekly returns; the m on th ’ s
earntugs usually exceed the weekly estimates quite considerably
s Includes the operations o f the St. Louis Alton A 'IMrre H iu te fo r all the
years but the Chesapeake Ohio A Southwestern and Ohio V alley and Chicago
anQ
only. Results on Yazoo Branch are not in clu d ed
for 1899.
* Month o f February not reported; taken same as last year.
G R O S S E A R N IN G S A N D M I L E A G E IN F E B R U A R Y .
M ileage.

Gross JSarninys.
N am e o f R o a d .

In crea se o r
1899.
D ecrease.

1 89 9 .
A la b a m a G t.8 o u th ’ n .
A la .N .O .T e x .& P a o .—
N. O rl. & N o. E a s t ..
A la. & V ic k s b .........
V lck sb . S h r.& P a o ..
Ann A r b o r ...................
A tla n ta K n o x v .& N o .
A tla n tio & D a n v ille .
Balt.& O h io S outhw .
Bufl. R ooh . & P ittsb ..
Burl. C ed. R . < N o ...
&
C an adian P a o iflo.......
C en tra l o f G e o r g ia ..
C hattan. S o u t h e r n ...
C h esaoeake & O h io ..

1898.

$
1 28,901

$
1 4 2 ,7 7 0

— 13,8 69

310

310

1 10 ,12 0
48,4 28
4 9 .3 8 0
1 09,413
2 4 .6 1 0
3 6 ,1 9 6
4 5 2 ,3 9 3
2 5 8 ,6 7 3
3 5 3 ,6 4 6
1 ,7 5 2 ,0 0 0
4 4 1 ,79 4
4 ,1 3 7
7 6 0 ,0 0 2

1 14 ,46 2
5 9 ,6 6 3
61,4 39
1 2 5 ,70 0
23,6 25
40,9 13
5 2 3 .1 3 8
2 5 9 ,86 0
3 0 7 ,63 1
1 ,4 9 4 ,5 9 7
4 9 5 ,5 0 2
5,670
9 1 3 ,3 9 0

—4 ,3 4 2
—1 1 ,2 3 5
—1 2 ,0 5 9
—16,287
+ 985
— 4,717
—70,7 45
—187
4-46,015
4 -25 7 ,4 0 3
—53,7 08
—1 .533
—153,38ft

195
142
189
292
228
278
921
336
1,136
6,678
1,524
105
1.360

195
142
1 89
292
228
278
921
339
1 ,1 3 6
6 .5 4 7
1 ,5 2 4
105
1 ,3 6 0

1898.

THE

March 11, 1899,J

M ileaa*

B ros* JSam ings.
H a m e o f R oad.
1899.

In crea se or
1 89 9
D ecrea se.

1 89 8 .

S
$
3 37 ,01 2
3 57 .18 5
Ohio. A E a st IB lnoia.
4 1 5 ,5 8 5
4 43.320
O tic. G re a t W estern.
2 2 4 ,98 8
2 1 5 ,3 9 7
Ohio. In d . A L o u ls v ..
Ohio. MIL A St. P a o l- 2,5 7 3,81 5 3 ,3 9 4 ,6 5 9
71.001
64,1 16
Obie. P e o ria A St. i,..
90,2 55
89,798
Ohio. T e n n . Cr. B B ..
119.323
1 15,525
Ohio. A W est M ich ..
1.231
3 ,9 8 0
Ola. G eorg. A P orts
3 2 1 ,1 (0
3 2 5 ,9 7 6
can. N .O. * T e x . Pao
19,999
20,2 47
CSnn. Portam 'th A Va.
02,8 40
5 7 ,0 8 9
C lev. A k ro n A C o l . ...
4 9 ,4 0 7
49,7 13
C .ev. C an ton A S o .
963.431 1,0 6 1.71 9
Ciev. C in.Cti.A a t. L . .
157 ,06 9
P e o ria A E astern ..
135.735
1 07,976
119.408
C iev. L o ra in A W h eel.
42,075
5 8,9 86
Ool. S an d. A H ook *
1 ,700
1 ,450
C olusa A L i k e ...........
5 49,700
561 ,50 0
Denv. A B io G r a n d e ..
9 0 ,9 5 8
91,7 55
Det, G r.R a p .A W est..
1 08 ,45 3
134.927
D n l. Bo. S h ore A A t l ,
1 2 7 ,3 8 9
137,62*
H e in J o lie t A East
2 2 ,2 4 *
23,2 09
E va n sv. A In d la n a p .
9 2,6 15
E va n s v. A T . H a u te ,
87,577
2 1 4 .10 1
2 2 4 .90 2
f l i n t A P e re M a rq ...
191,391
193 ,37 3
H a . C ent. A P e n in ...
3 5,7 42
30,473
F t. W orth A B io G r.581
563
G a d sden A A G . O n ..
1 5 0 ,30 2
1 2 0 ,79 7
G e o r g ia .........................
73,9 59
64,1 71
B a. South. A F lorid a
1 4 8 ,8 7 5
157 .44 5
S r.K ap Id e A I n d la n a .
32,748
32,068
C ln .R l e h .A F t . W ..
2 .544
3 .414
T ra v e r se C ity . . . .
8,797
7 ,2 3 3
M usk. Gr, R .A In d
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1 ,8 2 4,43 8 1 ,674,453
Ohio. A G r . T P k .. [
0 e t . G r . i U v .A M , 1
S A H o.—8. P. M . A M 1,119,708 1 ,023,877
90.2 18
189.907
E a s te rn o f M in n . .
100 .21 0
1 3 2 .99 7
M on ta n a C e n tra l..
11,181
S a i f B eau m 't A K . C
10.089
Illin o is C e n tra l.a .. .
2,O 9 L 9 5 0 2 ,1 3 3.39 8
2 6 4 .34 2
2 9 9 ,1 3 9
In tern a tT A G t. N o)
2 2 4 ,0 0 0
1 93 ,73 0
Io te ro e e a n lo (M ex.).*
I o w a C e n tra l...............
159,91*'
143,8 i
4.449
4.L50
Iro n R a ilw a y ,.. . . . . . .
37,5 52
4 0 ,4 0 7
K a n a w h a A M ich ..
2 9 7 ,3 3 4
3 5 9 ,4 9 4
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129,3 IH
100,005
K a n . C. M em. A S ir ..
K a n .C ity A N . W ........
24,6 23
3 3,8 17
26,224
K a n . city A Om aha
15,353
249,511
KatuC. Plttsb. A G o lf.
2 3 0 ,4 1 5
41,1 00
30.33'J
K a n . C ity Sub. B elt
33.4 36
K e o k u k A W e s te r n .* ,
33,802
L ake E rie A Wee t e n ,
2 5 7 ,46 0
2 7 2 ,0 4 1
L ehigh A H ud. R iv e r
32,8 17
3 1,6 79
182.411
198,73 i
L o n * Isla n d R R ___
L o s A B gele* 1 a n a l ..
3.298
0.127
114,256
1 21,442
L o u ls v .E v a n s.A S t.L .
38.2 13
33,901
L on lsv. H ead. A SA L.
Ixm U v A N a sh v ille . 1 ,010.550 1,7 5 4.98 4
4,094
5,901
M a con A B l m l n g 'm ,
0 .8 6 3
7.065
M a n is tlo u e . ...............
1,081,23* 1,0 2 9,66 3
M ex ica n C en tra l----4 83,027
4 6 3 ,4 5 5
M ex ica n N a tio n a l..
260 ,80 0
257^00
M ex ica n R a ilw a y ’ ,
45.0 55
3 7 .4 5 2
M e x ica n S outhern*.
106,439
1 4 8 ,2 9 )
M inn. A 8c. L o u i s ...
240.362
M inn .fit.P .A B.Ste.M
244,085
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8 2 2 .0 3 5
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M o. P a o. A Iro n Mt. ■ 1 ,7 9 8,0 0 2 .0 0 3.00 0
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M ob ile A O h i o . ..........
3 42.000
347 ,64 9
N. Y .C eu t.A Ffnd.Riv
3 ,2 7 5,91 6 3.3 7 9,71 7
N. Y .O n t. A W e e t ...
2 00 ,86 0
2 59 ,94 *
N o rfo lk A W e s t e r n .,
7 2 0 ,3 t l
8 20.996
17,442
N orth A la b a m a B y ,
14,575
N ortharn P a c ific ,. .
1,558,188 1 ,0 0 0 ,5 4 '
O h io r ilv « r ..................
61.724
03.712
409.941
O regon B R . A N a v ..
4 97,013
P eo. D eo. A K vansv
60.2 19
04,53C
■ii.Hif,
F ltteb . Reas. A L. E
59.3 74
3 ,3 0 *
P ltU b . LJ*b. A W est
3 .124
100,461
P U t * . A W e s t e r n .,.
9 9 ,1 9 '
6 2,7 9
P lu s h . C lev . A T ol.
5 3 ,9 4 8
P lttsb , Pa. A Pair,
14,344
1.5 9172
3 o ,0 lPUo G ran d e S ou th 'n
3 1 ,5 0 2
R io G ran d e W estern
2 1 9 ,80 0
2 00 ,30 0
Pag. Tttse A H u r o n ..
8 ,0 8 3
7 ,4 0
B A J o s . A G r. Island
8 4 .0 iO
110.029
8 A L . Chie. A 3A P.
25*522
27.068
St L . K e n n e tt A 8 o ..
4 ,5 0 0
6.143
8A L ou is A 8, P r a n ..
532 ,30 3
558 .35 9
8 A L ouis S outhw es'n
410 ,71 9
461.M5S
8 a P a u l A D u ln t h ....
102,053
120,605
S an ta Fe Pres, A P h x .
83,061
CO, 100
Sen P ran. A No. Pac
60.832
52.331
8 b«r. S h rev .A S ou th ..
19,801
24,5 50
S o. H a ven A E astern
1 ,8 6 0
1,533
1,829,704 1,852.343
S ou th ern R a ilw a y ...
22,3 69
T e x a s Central . . . . . .
22.302
T e x a s A P a c ific . . . . .
579 .27 4
8 52 ,37 3
T o l. A O h io c e n t r a l.
116,190
1 06.73*
T o l. P e o ria A W est’ n
78,281
77.121
T ol. 8 t, L. A K, c i t y
140,309
1 5 0 .2 K
1 .011,497
W a b a sh ........... . . . . . . .
9 52 ,91 3
2 14.400
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2 0 5 .08r
106,670
W heel. A L a k e E rie.
9 5,5 0*
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3C 0,474
341 ,45 7
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3 9 .1 5 9 ,7 0 0 1
39,5 02 .3 3 6

CHRONICLE,

+ 2 0 ,1 7 3
+ 32.93*5
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+ 2 6 ,2 0 2
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+ 4 .8 1 6
+ 258
+ 5 ,1 7 1
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-9 3 .2 8 7
—21.334
+ 11.432
+ 1 6 ,9 1 1
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+ 11,800
+797
+ 2 6 ,3 7 4
+ 10,237
+961
—5 ,038
+ 10,7 99
+ 1,992
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— 15
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+ 8 ,5 7 0
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+ 30J270
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+ 290
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+ 30,9 04
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+ 5 1 .5 7 5
+ 19,572
+ 9 ,3 0 0
+ 8 ,2 0 3
+ 1 8 ,1 0 2
+ 2 ,2 7 7
-2 3 ,8 4 4
—205 .00 0
—18,0 00
—7,201
—5 ,6 4 9
— 103,801
> 2 7 ,9 3 >
— 100.555
—2,807
—48.359
+ 1.012
—9 7 .0 7 2
- 4 ,3 3 7
+ 14.529
—4 40
+ 7 .2 7 4
—8.844
- 1 ,5 2 + 1 .5 4 4
+ 12,000
+680
—2 5 ,9 9 9
—1,546
-1 .5 5 3
—24,5 56
— 45.139
+ 18.612
+ 2 ,8 6 1
+ 8 .3 0 1
—4.740
+327
—22,5 79
+0 '
—7 3 .0 9 9
(-0 .4 52
+ 1.157
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+ 5 8 ,6 8 1
+ 9 .3 1 2
+ 11.165
—34.9 83

8 .8 1 4
172
262
65
3 .6 6 7
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- 4 0 2 . 5 7 0 96.527 0 5 .4 0 5

) E a r n in g s o f G a lv eston H ou ston A H en d erson a re e x c lu d e d f o r
both 1 89 9 and 1 898,
a Ches. O h io A S ou th w estern and O hio V a lle y ro a d s a re In clu ded Tor
b oth yea rs.
* P ot th ree w eek s o n ly .
GR O SS E A R N IN G S PR O M J A N U A R Y 1 T O F E B R U A R Y 2 8.
H am s o f R oad.
A labam a O t, S o u th e rn ..
AJa* N. O. .* T e t . Pa«.~*
N. 0 . A Sortb^asfc'n.-

1899.

1898.

8
2 8 7 ,5 3 7

*
3 0 9 ,04 9

2 40 ,02 1

2 4 9 ,20 0

I n cr ea se.
$

D ecrea se
%
20,5 12
8 ,1 7 9

H om e o f R oa d.
A . N .O .& T e x . P .fC o n .) —
A la b a m a A V lo k s b 'g ..
V ick sb u rg Shr. A P a o .
Ann A r b o r.................. —
AtL K o o x v . & N orth ’n .
A tla n tic A D a n v ille -----Balt. A O. S o u t h w e s t.. .
Buff. K o ch . A P ittsb u rg .
BurL C ed, R a p . A N o ...
Oanadiau P a c ific .............
C en tra l o f G e o r g ia ------C h a tta n o o g a S o u th e rn .
C hesapeake A O h io ........
Ohio. A E a s t'n I llin o is ..
Ohio. G re a t W e s t e r n ...
Ohio. Ind. A L o u ls v .......
Ohio. H llw . A 8 t. P a u l..
Ohio. P e o ria A St. L oots
Cblo. r e r m 'l T r a n f e r ...
Ohio. A W est M ichigan
Cl a. G e o r g . A P o rta m ’ th
Cln. N.O. A T e x a s Pao.
C lan, p o r t s m 'th A V a ..
C leve. A k ro n A C o l___
C levelan d C a n to n A S o ..
O lev.O ln. Ohio. A St. L . .
P eoria A E a s t e r n . . . . .
C lev e. L o ra in A W heel .
Ool. Sand. A H o o k i n g ..
C olu sa A L a k e ____ ____
Deny. A R io G r a n d e ___
Det. G r. R ap. A W e st..
Dai. S o. B hore A A t l — .
E lg in J o lie t A E astern,
E vansv. A In d ia n a p olis.;
E vansv. A T e rr e H aute.
Flint A P ere M arquette
F la .C en t. A P eninsular
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G adsden A A la lia U n ..
G e o r g ia .................. . ........
G a. S ou th ern A F lorid a .
G r. R a o k ls A I n d ia n a ...
Cln. R ich .A F t. W ayne.
T ra v e rse Cl t v ..............
M as. G r. R. A In d ___
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Trunk ..
Ohio. A G r. T r u n k ... J ■
D et. G r. H . A M liw '.: S
Great N or. St. 1*. M. A M
E astern o f M in n esota , i
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Iro n R a ilw a y ____ _______
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K ansas C. F t. S .A M ern.
K an. C ity M em . A B lr . . ;
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K ansas C ity A O m a h a , !
K an. C ity Pitt*. A G u ll !
K ansas C ltv Sub. B elt
K eokuk A W e s t e r n ....*
Lake E rie A W e s te rn ..
Lehigh A H u d son R iver
L o n g Island R R .......... .
L o s A n geles T e r m i n a l ..1
L oulsv. E v a n s v .A 8 t .L
L ou lsv. H e a d . A fit. L .
Loudsvllle A N a shville
M acon A B irm in gh a m
M a a ts tlq u e ,. . . . . . . . . . . .
M exican C e n t r a l . . . . . . .
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M ex ica n S o u th e rn *........
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M inn. St. P .A 8. She. M,
M issouri K. A T e x . ays.
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p itta b . Cteve- A T o l......
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S ou th ern R a ilw a y _____
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T exas A P a c d l o ...........
T oledo A O h io C en tra l.
T o led o P e o ria A W e*t’ n
T ol. St. L. A K a n . C ity
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N e t i n c r e a s e ....................

458
1 89 9

1898.

In cr ea se.

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........

* *860
20
5 1 .3 0 0

8 2 ,9 8 3
3 1 ,3 2 1
13,1 58
12,509

60,6791
1 0,8 25 !
4 ,2 9 2
1 5 ,8 8 0
13.521

’T !
.i6o

'ii'.ssi
*10*584

*10,1*7*6
17,431
2 .3 3 0
4 ,5 6 3
2 4 7 ,1 1 3
1 06 ,14 9
5 1,0 00
6 .0 4 5
44,461

.........

3 3 .5 3 5
4 0 .9 0 7
1 8 2 ,8 6 8
2:1,*85
1 5 ,0 5 4

3 0 .0 1 7
1 23 ,44 3
92.5 21
5 4 ,6 3 6
■ "*6 2 0
3 7 ,0 1 6
392
7 2 ,2 5 2
3 ,8 2 8
33,1 44

‘26. 927

1 ,5 0 4
*8*837

2 ,1 7 6
1,313
16,701
2 ,1 0 3
10.9 90

2,100
1 .3 6 4

33,805]

aVeooi

*24.6*92

21,4 71
7.3001
570
160,641
2,7431

7 2 ,1 0 1
*"*2 6 9
6 ,2 7 7
3 ,2 0 2
2 5 5 ,4 2 0
33,792!
1,713
2 8 .9 0 6

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

* F o r th re e w eek* o n ly In F e b ru a ry .
a Oheaap. O hio A S o u th w e ste rn an d O h io V a lle y ro a d s are In clu ded
f o r b o th y e a rs . R e su lts o n th e Y a x o o B ra n ch (1 4 0 m iles) a re In­
c lu d e d f o r 1 89 8 o n ly .

454

THE

CHRONLCLE.

[VOL. LXVIII.

—The bid quotation for stock of the Hanover National Bank
advanced on Tuesday from 525, the last previous bid price,
A FORM ER M E R C H A N T BEQOMRS A
to 600 bid, and on Wednesday twenty shares of the stock
LA W YER.
were sold at 615. The last previous sale was on December 14,
The Appellate Division of the Supreme Court, first depart­ 1898, when thirty shares were sold at prices ranging from
ment, last week admitted to the Bar of the State of! New 520 to 526. The sharp advance in the bid quotation on
York, under its somewhat stringent requirements, with the Tuesday gave rise to rumors of an intended conso idation of
endorsement as to character of e x - J u d g e s Wm. G. Choate the bank with the City National Bank, but President Stillman
and Roger A. Pryor, and Howard Ellis, Esq., a man 57 years of the last-named institution, declared that the rumor was
old, who was reared as a merchant, and began the study o entirely without foundation Those interested in the bank
think there are good reasons for the increased market value
law at the age of 54—Francis B. Thurber.
Mr. Thnrber was bom on a farm in Delaware County, is ew of the Hanover Bank stock in the excellent business which
York, and was edncated in the common schools and the it is doing, and the same reasons will also very readily account
Delaware Academy; began as a boy in commercial life m for the recent appreciation in the market value of other bank
New York at $2 a week, and in thirty years worked up to the stocks and of the shares of trust companies. Moreover, if
first rank in the commercial world as partner, and then the plan now under consideration by the Clearing House
president of a great house, with branches in London and committee, which provides for remunerating banks for the
Bordeaux, and correspondents in all parts of the world,
n cost of collecting country bank checks and which we have for
1892 he was a reputed millionaire, but the panic of 1893 left several weeks referred to in this column, should be adopted,
doubtless there will be a further advance in the price of bank
him a poor man.
..
He has been a student and a thinker; a contributor to the stocks, for this plan will largely add to the revenues of banks
“ press” and “ reviews” on politico-economic subjects upon having country accounts.
both sides of the Atlantic. W hile Chairman of the’ Com—The firm of J. & W. Seligman & Co.is organizing a bank
mittee on Foreign Commerce of the New York Chamber of to be located at Manila, which will probably be called the
Commerce, in discussing with a legal friend problems of Anglo-American Bank. There seems to be a good field in
international law involved in President Cleveland’s message the Philippine Islands for banking enterprises, controlled by
on the Venezuelan question, it was suggested that he had a Americans, for there has been a large increase in business
logical mind and ought to study law. Although weighted there since the ending of the war with Spain. It is likewise
with the cares of a family and their existence, he accepted reported that the Anglo-American Banking Company, agents
the suggestion, studied in the University Law School of New in San Francisco for the Seligmans, are making arrange
York and,the law office of Howard Ellis, Esq., burned the ments to start an American bank in Honolulu in conjunction
midnight candle in reading Blackstone and studying cases, with bankers in New York, San Francisco and London The
and last week, as stated, was admitted to the Bar.
bank will be organized under Hawaiian laws.
For many years he has been a figure in the commercial
—The rates for money we give from week to week in our
organizations of the country and an advocate of their inter­ “ Financial Situation ” are apparently misunderstood by a
ests before legislative bodies. He organized the New York portion of our readers. Not all the money of any bank is
Board of Trade and Transportation and the Anti-Monopoly loaned at the rates we name and none o f the money o f many
League. He was an earnest advocate of the Inter-State of the banks. Generally speaking, the New York City
Commerce Law; but he recognizes the fact that when cir­ moneyed institutions (banks and trust companies) in what
cumstances change upon which opinions are based, that it may te called the W all Street zone (that is to say below
is consistent to change with them, and he now advocates the Chambers Street) loan, money in all the ways and at the
right of contract for railroad and other corporations.
rates we cite; they practically enjoy the monopoly of loaning
He is president of a publishing company and of the United upon securities dealt in'at the Stock Exchange, though some
States Export Association, and will probably never “ practice of the banks even in that zone loan much less in those ways
law” in the usual sense; but in this highly specialized age than others. The reason they have a monopoly is because
there is need in the law of men with just such business they are more easily accessible to borrowers who require
experience, and Mr. Thurber ought to be very successful in loans on call or on time. Dealers in securities would experi­
Federal, departmental and corporation practice, with which ence much inconvenience were they to borrow from institu­
his business experience has made him familar.
tions at a distance from Wall Street; the exigencies of their
business often require Stock Exchange borrowers to sub­
stitute collaterals which they have deposited with
ITEMS ABOUT BANKS. BANKERS AND TRUST CO’S. the banks or trust companies. It is evident that such sub­
__The directors of the Hamilton Bank, a State institution stitution would involve too much time and risk in transpor­
with a capital of $200,000 and a surplus of $93,237, located at tation were the loans made with an up-town concern. There
378 West One Hundred and Twenty-fifth Street, have taken are, however, institutions within the zone named who like­
preliminary steps towards the establishment of a branch bank wise make a specialty of loaning upon warehouse receipts
on Washington Heights, in the vicinity of Amsterdam Avenue for merchandise, such for example as cotton, grain, pro­
and One Hundred and Forty-eighth street. The stockholders visions, tobacco, etc., obtaining rates much better than those
of the bank will meet on March 20 to take action in the ruling for stocks and bonds The better rates are mainly
matter. This will be the second bank in this city to take obtainable for the reason that there is less competition for
advantage of the recent law of the State permitting the or­ loans upon merchandise than there is for loans on Stock Ex­
ganization of Jbramch hanks. In this case, however, it is change securities. Again, banks and trust companies in
proposed to establish an entirely new branch, while in the Brooklyn, Staten Island, Jersey City and in other places con­
case of the Corn Exchange Bank the franchises of the Hud­ tiguous to New York, and institutions situated above the
son River Bank and of the Astor Place Bank have been ob­ Wall Street zone in this city, serve special interests. For in ­
stance, banks in the dry goods district accommodate
tained through merger.
Stockholders and directors of (he Mercantile National merchants in that line of business; those farther up-town
Bank, No. 191 Broadway, are among the principal owners of have clients among tradesmen, large and small, in their re­
the stock of the Hamilton Bank, and directors of the former spective localities. A small tradesman, a depositor in a bank
are also among the directors of the latter. Therefore the with little aside from his good name and a fair average
relations of the tw o banks are quite intimate, and the estab­ balance to recommend him, cannot of course expect to bor­
lishment of a branch of the Hamilton Bank in the vicinity row as cheaply as a client who can offer substantial Stock Ex­
of Washington Heights will most likely be beneficial to the change security, well margined. Therefore not infrequently
he is called upon to pay the legal rate o f interest for the ac
Mercantile National Bank.
—The declaration of an extra dividend of 150 per cent on commodation he may require, while money is quoted at ex­
the capital of the First National Bank of Brooklyn was fore­ tremely low rates on stock collateral or while notes bearing
shadowed b y the statement in the C h r o n i c l e last week. names better known than his own name are bought on the
The stockholders of the bank will have the option of accept­ Street at considerably less than the legal rate of interest
ing cash for their dividend or of investing their dividend in Hence though banks outside the W all Street zone may do a
stock of the new Williamsburg Trust Company. Transfer smaller business than institutions within this circle, they ob ­
tain better rates, are less expensively conducted and do
books of the bank will close March 17.

M arch 11, 1899,]

THE

455

CHRONICLE,

a profitable business, so that nearly all return good dividends
to their stockholders,
It shonld be noted that the rates for commercial paper we
quote from week to week represent all grades, from choice
names to those which are good thongh leas well known
Among the latter there may bynames which an expert jndge
of paper wonld recognize as qnite desirable at the rate for
that class, while another buyer, to whom the name was un­
familiar, wonld be inclined to reject it. For example, there
are bank officers who are especially expert judges of leather,
others o f tobacco, others o f grocery paper, made by mer
chants engaged in those branches o f trade; not infrequently
directors are relied upon to check, for acceptance, special
lines o f paper with which they are especially familiarBanks enjoying these advantages would be better equipped,
so to speak, as a paper buyer tban an institution having only
a general knowledge of names, and therefore confining its
purchases to the best known grades.
There seems
to be a disposition among paper buyers to select
single in
preference to double name paper, and
consequently there is a greater necessity for familiarity
with the standing of makets, and it will be noted
that rates for thejbest single names rule on an equality with
tboee for endorsements, except the choicest double names;
the latter are almost always in urgent request and therefore
they command the lowest rates. Occasionally, and indeed
somewhat frequently, at intervals, what is known as Eastern
mill paper ia offered. This is not large in volume and it is
so eagerly sought for that it is taken at exceptionally low
rates. Another class of paper much in request is municipal
paper, emitted in anticipation of the collection o f taxes. This
st lls at figures much below the choicest commercial paper,
thongh running for longer periods. It will be seen, there­
fore, that while normal condition* prevail the field for the
employment of money is broad, embracing all kinds of se­
curity, from the choicest to the ordinary, and the rates range
from the lowest to the legal limit.
CLEARING HOUSE BANKS AND COUNTRY CHECKS,
The New York Clearing House Association held a meeting
on Thursday at which sixty-one out of the sixty-four mem­
bers were present, and look important action in the direction
o f the adoption of a plan for reimbursing banka for the cost
of collecting country checks. On Monday the Clearing House
Committee considered the details o f the subjoined plan,
Subsequently tbe scheme was discussed with the Committee
by officers of banka having large out-of town collection ac­
count*, and thia conference resulted in a call for the meeting
of the Clearing House Association which was held on Thurs­
day aa above noted. The Chairman o f the Clearing House
Committee at this meeting offered the following amendment
to the constitution of the Association, which amendment, un­
der the constitution, was referred for final action to a meeting
of the Association to be held on Monday, March 13, at which
meeting it ia likely the amendment will be adopted. The
subjoined 3a the amendment to the constitution above j
referred t o :
A d d to S e ction R i g h t u fo llo w s : T h e C lea rin g H o u s e C om m ittee
•Sal: h a v e p o w e r t o esta b lish rotes a n d r e g u la tio n s re g a r d in g rotle c tio n s ou trid e o t th e c it y o f N ew Y o r k , b y m em b ers o f the A s s o c ia ­
tio n o r ban k s o r tru s t c o m p a n ie s o r oth e rs c le a r in g th ro u g h sueh
m em b ers, and tb e ra tes t o b e oh a rg e d f o r su eh c o lle c t io n s , an d also
p r o T iding fo r e n fo r ce m e n t o f the sam e. T h e C o m m itte e m a y fro m
tim e t o tim e m ake a n y a d d ition s t o . o r ch a n g e s in . su ch ruins and
re g u la tio n s as It d eem s ju d ic io u s . A ft e r a n y ru le o r r e g u la tio n u p on
th e s u b je c t ha* b een o n e s e sta b lish ed , it shall n o t , h o w e v e r , b e a lte re d
o r re scin d e d un til It has b e e n In fo rce a t lea st th re e m on th s , e x c e p t b y
m a jo rity v o t e o f th e C lea rin g ilo n e e A ss o cia tio n .

Tbe following are the rule* and regulations regarding co l­
lections ontaide of the city o f New York, which, if the
above amendment to the constitution shall be adopted by
the Clearing House Association, will be promulgated by the
Clearing House Committee and the rules will probably tiecome operative on or about April 1:
P n m i a n y o a u th o rity c o n fe rre d u p o n it b y th e C on stitu tion o f the
,*w . I 01? C le a rin g H o u s e A ss o cia tio n , the C lea rin g H ou se C om m ittee
o f said A ss o cia tio n esta b lish es th e fo llo w in g ru les and reg u la tion s
re g a rd in g c o lle c tio n s o u ts id e o f th e c it y o f N ew Y o r k b y m em b ers o f
tb e A ss o cia tio n , o r b a n k s, tru st co m p a n ie s, o r oth ers c le a r in g th rou gh
snob m em b ers, an d th e ra te* to b e ch arged fo r such co L le ctu n s, and
a lso re g a rd in g e n fo r c e m e n t o f tb e p r o v is io n s h ereof
B s c r t o x 1 T h ese ru les and reg u la tion * shall a p p ly t o ail m em ber*
o f the A sso cia tion , and t o a ll b a n k s, tru st co m p a n ie s o r o th e rs cle a rin g
thron gb such m em ber*. I h * p a n ic * t o w hich the * * » » so a p p ly are
h ere in a fte r d aseribed as c o lle c t in g ban k *.
B fc c n o * 2. F o r t t e m * c o lle c te d In the a cco u n ts, o r In d e a lin g * w ith
t e e g o v ern m en t* o f the U nited S tate*, the S tate o f S e w Y ork o r tb *

c it y o f N e w Y o r k , an d f o r ite m s c o lle c t e d in th e o itie s o t B o sto n ,
M aes., P r o v id e n c e . R . T., A lb a n y , N . Y „ T r o y , N . Y ., J e r s e y C ity , N . J .,
N e w a rk , N . J ., P h ila d e lp h ia , P e n n ., B a ltim o re , M d ., th e ch a r g e shall
in a ll ca s e s b e d is c r e tio n a r y w ith th e c o lle c t in g b a n k an d th e sa m e
s h a ll n o t b e g o v e r n e d b y th e p r o v is io n s o f th e s e r o le s a n d r e g u la ­
tio n s.
S e c t io n 3. —F o r a ll Item s f r o m w h o m s o e v e r re o e iv e d (e x c e p t o n
th o se p o in t* d e cla re d d is c r e tio n a r y in S e o rio u 21. p a y a b le a t p o in ts in
C o n n e c tic u t. D e la w a re . In d ia n a , Illin o is , K e n tu c k y , M a in e , M a ry la n d ,
M a ssa ch u setts, M io h ig a o , M isso u ri, N e w H a m p s h ire , N e w J e rs e y ,
N e w Y o r k . O h io, P e n n sy lv a n ia , D is tr ic t o f O ilu m b la , V e rm o n t, V ir ­
gin ia , W e s t V ir g in ia , an d W is co n s in , th e c o lle c t in g b a n k s s h a ll ch a r g e
h o t less th a n o n e -te n th o f o n e p e r c e n t (1 -1 0 % ) o f th e a m o u n t o£ t h e
ite m s re s p e ctiv e ly .
S e c t io n 1 F o r all ite m s fro m w h o m s o e v e r re o e iv e d p a y a b le a t p o in ts
in A la b a m a , A riz o n a , A rk a n sa s, C a lifo rn ia . C o lo ra d o , F lo rid a , G e o r g ia ,
Id a h o , In d ia n T e r r ito r y , Io w a . K a n sa s. L o u is ia n a , M in n e so ta . M is ­
sissip p i. M o n ta n a . N e b ra sk a , N e v a d a . N ew M e x ic o , N orth C a ro lin a ,
N orth D a k o ta , O k la h o m a . O r e g o n . S o u th C a r o lin a , S o u th D a k o t a ,
T en n essee, T e x a s , U ta h , W a s h in g to n , W y o m in g and C an ad a , i h e c o l ­
le c t in g b a n k s sh a ll ch a r g e n o t le ss th a n o n e -q n a r t e r o f o n e p e r ce n t
(% % ) o f th e a m o u n t o f th e ite m s r e s p e c t iv e ly .
S e c t io n 5. In ca s e th e ch a r g e u p on a n y iti-in at t h e r e t o * a b o v e s p e c i­
fied does n o t e q u a l te n ce n ts (lO o .i, th e c o lle c t in g b a n k sh a ll ch a r g e
n o t le ss than th a t sum ; b u t all Item s r e c e iv e d fro m a n y o n e p e rs o n at
tb e sam e tim e an d p a y a b le a t th e sa m e p la c e m a y b e a d d e d to g e th e r
and tre a te d as o n e Ite m f o r th e p u rp o s e o f t i l i n g th e a m o u n t ch a r g e ­
able.
S e c t io n 0. T h e ch a r g e s h erein s p e cifie d shall In all ca s e s b e c o lle c t e d
a t th e tim e o f d e p o sit o r n o t la te r than th e te n th d a y o f the fo llo w in g
ca le n d a r m on th . N o c o lle c t in g b a n k sh a ll d i r e c t l j, o r i m l lr e o t l y .a ll o w
a n y a b a te m e n t, r e b a t e ,o r re tu rn t o r o r o n a c c o u n t o f sn ch ch a r g e s o r
m ak e a n y c o m p e n s a tio n th e re fo r.
S e c t io n 7. E v e r y c o lle c t in g b a n k , tru st c o m p a n y o r o th e r c o r p o r a ­
tio n n « t a m e m b e r o f the A s s o cia tio n , h n t o le a rtn g th ro u g h a m e m b e r
th e re o f, sh a ll fo r th w ith a d o p t b y its b o a r d o f d ir e c t o r s a re s o lu tio n
In tb e f o llo w in g term s, and d ie a ce r tifie d c o p y th e re o f w ith th e Asad e la tio n as e v id e n c e as th e re in s p e c ifie d :
W h erea t, T his co r p o r a tio n h a s a cq u ire d th e p r iv ile g e o f o le a riu g
a n d m a k in g e x c h a n g e o f Its ch e c k s th ro u g h th e N ew Y o r k C le a rin g
H ou se A s s o c ia tio n , a n d Is i-ubjeet t o Its ru le s and r e g u la tio n s , N o w ,
th e re fo re . Be it R e e o lttd . th a t th is co rp o ra te n h e r e b y In all r e s p e c ts
iisaent* to an d a gree* to be b o u n d b y an d t o c o m p ly w ith all ru le s a n d
re g u la tio n s re g a rd in g co lle c t io n s o u ts id e o f th e city o f N e w Y o r k ,
w h ich m a y be >sta h llsh ed p u rs u a n t to th e c o n s titu tio n o f said A s s o ­
cia tio n , and t h a f t h e P re s M en { o f this co r p o r a t io n 1s h ereby ln e tru o te d
to file a ce rtifie d c o p y o f this r e s o lu tio n w ith th e C le a rin g H o u s e A s ­
s o cia tio n a s e v id e n c e o f sn o b a s s e n t a n d a g re e m e n t o n th e p a r t o f
this c o r p o r a tio n .
S e c t io n 8. In c a s e a n y m e m b e r o f th e A s s o c ia tio n sh a ll le a rn th a t
th ese rule* an d re g u la tio n s h a v e b e e n v io la te d b y a n y o f th e c o l l e c t ­
in g b a n k s. It shall Im m e d ia te ly r e p o r t the fa c ts to th e C hairm an o f
the C lea rin g H o u « - C o m m itte e , o r In til* a b s e n c e t o th e M a n a g e r o f
the A ss o cia tio n . U p o n r e c e iv in g In fo rm a tio n fr o m a n y s o u rce th a t
th ere ha* been a v io la tio n o f the sam e, sa id C h a irm a n , o r in his a b ­
se n ce said M a n a ge r, shall ca ll a m e e tin g o f th e C o m m itte e . T h e C om ­
m itte e shall In v estiga te the fa c t* and d e te rm in e w h e th e r a fo rm a l
h e a rin g Is n e c e s s a r y .
In c a s e the C o m m itte e » o c o n clu d e s , It e b a ll in­
stru ct t b e M a n a ger t o fo rm u la te ch a r g e s and p r e s e n t th e m to th e
C o m m itte e . A c o p y o f tb e ch a rg e * , to g e th e r w ith w ritte n n o t ic e o f
the tim e and p la c e fixed f o r h e a rin g re g a r d in g th e sam e, sh a ll b e
s e rv e d u p o n the c o lle c t in g b a n k ch a rg e d w ith su oh v io la tio n , w hloh
shall h a v e tb e rig h t at th e h e a rin g to In tro d u c e sneli r e le v a n t e v id e n c e
and su b m it *ucU a rgu m en t aa It m a y d esire. T h e C o m m itte e sh a ll h e a r
w h a te v e r re le v a n t e v id e n c e m a y b e o ffe re d b y a n y p erson and w h a t­
e v e r a rgu m en t* m a y b e su b m itte d , an d shall d e te rm in e w h e th e r th e
ch a rge * a re s u sta in e d .
I n c a s e It re a ch e s th e c o n c lu s io n th a t t h e y
a re, th e C o m m itte e shall ca ll a s p e cia l m e e tin g o f th e A s s o c ia tio n anu
re p o rt th e re to th e fa ct* w ith It* co n clu s io n * . I f th e re p o rt o f th e C om ­
m ittee i* a p p r o v e d b y th e A s s o cia tio n , the c o lle c t in g b a n k ch a r g e d
w ith sn ch v io la tio n sh a ll n a y t o tb e A s s o c ia tio n th o sum o f fiv e t h o u s ­
d lla r*
e e r a
la tio o
re e
re g u la
j and s,oa n y c,oan d tin g absa nok m s e co n d v io the n is cf rthtio n rufles and ss o cta -­
tio n
lle c in
ay a lso In
d
e
o th o A
! tlon b e o x e la d e d room u s in g It* p riv ile g e * d ir e c t ly o r I n d ir e c tly , a n d ,
j
If i t 1* a m sia lier. e x p e lle d fro m th e A s s o cia tio n .
R esolved, that the fo r e g o in g role* and re g u la tio n * a rc h e r e b y e s ­
tab lish ed a n d a d o p te d a n d s h a ll ta k e etrect u p o n
-------------181)9.

This is the direct outcome o f agitation begun by the pub­
lication in the C h r o n i c l e on February 4 of an article illus­
trating tbe extremely unprofitable character of country bank
collections by New York banka. This publication seems to
have aroused snch gen- ral interest in the matter by bank
officers m to have led them to take the steps necessary for
the effective remedial action embodied in tbe above rale* and
regulations.

f& o tic ta r t]s < £ o m m c r c iiilg u 0 lis R lJ e ttis
|F ro m o u r o w n c o r r e s p o n d e n t .)

L ondon, Saturday, February 25, 1899
Tbe quietness with which the new President of the French
Republic has been installed in office and the firmness with
which, contrary to many threats, order was maintained dur­
ing the Presidential fnneral procession on Thursday, have
made a very favorable impression all over Europe. Naturally
people are inclined to think now that the generals are less
disaffected to the Republic than previously had been sup
posed, or else that they know they cannot connt upon the
hulk of the army In any^case it is inferred that snch an op
portnnlty for military intervention will not soon occur
again and consequently that the Repnbllc is safe.
Moreover, the French press and i he French public have
received withont excitement the news that a British squad­
ron has compelled the Snltan of Muscat to cancel the agree
raent into which he had entered for leasing a coaling station
to France. The French Government thus again shows its
desire to maintain peace. And as negotiations are going on
for a settlement o f all disputes between the two countries it
is hoped that they will be brought soon to a favorable con­
clusion. Indeed, it is evident that unless a settlement is ar-

456

THE

CHRONICLE.

[V ol . L x v n i .

rived at there is great danger that the Paris Exhibition of qf England that the Bank is getting control o f the market.
next year will be a failure. Foreigners who had intended to That will only last for a few weeks. But while it lasts the
exhibit are refusing, in large numbers, to send their goods, Bank probably will not pnt down its rate.
In the case of the Bank of France there is no need for
not unnaturally being doubtful as to what may happen in
the meantime. The general impression made in Paris by the keeping up the rate so far as business in France is concerned.
new President’s message is very favorable. And those who Tne general belief both in London and Paris is that the Bank
know him well appear convinced that he will rise to the maintains its rate partly because of the desire o f the Govern­
height of his responsibilities and will prove a .firm ruler as ment to increase the war chest and partly because of the de­
cision of the Governor of the Bank that the other French
well as a loyal Republican.
As a result there is a much better feeling on the Stock Ex­ banks must be compelled to withdraw a portion at least of
change here and on the bourses on the Continent.
And the the large sums employed by them abroad.
He is credited
better feeling is strengthened by the general hope that money with the belief that entirely too mnch French money is em­
will be cheap and abundant, a hope which the reduction this ployed just nowin Germany, Belgium and Austria Hungary.
week of its rate of discount by the Imperial Bank of Ger­
Meantime the India Council continues to sell its drafts
many very much encourages. Trade, too, is good all over wonderfully well. It offered for tender on Wednesday 70 lacs
Europe. It is still improving here and is better than ever it and the applications amounted to nearly 921% lacs. The
has been before. It is exceedingly active in Germany and in whole amount offered was placed at a little over Is. 4 l-32d.
the Scandinavian countries. And even in France, in spite of for bills and Is. 4 l-16d. for telegraphic transfers.
all the disturbances, it is fairly good.
The following return shows the position o f the Bank o f
if Another circumstance which tends to], revive confidence is England, the Bank rate of disoount, the price o f oonsols
the settlement of what appeared to be a deadlock in Hun­ &o., compared with the last three years:
1899.
1898.
1897.
1898.
gary. And lastly it is thought that the rumored insurrection
Feb. 22.
Feb. 23.
Feb. 21.
Feb. 20.
*
£
£
£
in Macedonia will not take place. It is believed that Russia
Circulation................................... 26.225,355
26,353,465 25,563,910 24,919 335
and Austria are acting very energetically to prevent any dis­ Public deposits........................... 15,202,642 18.5W4.790 16,233,795 17,011,‘268
Other deposits............................ 38,252.238
36,762,493 40.283,204 47,611698
turbance.
Government securities............. 13,433.174
13,994,505 16,0;*8.858 14,569 328
'ither securities ........................ 38,583,687
85,046 076 29,401,861 27,061 603
The Stock Exchange here has been firm all through the Reserve o f notes and c o in ........ 24,637,496 2t.483.750 30,265,330 40,996!«78
week. But until Thursday evening the amount of business Coin & bullion, both departm’ts 34,062.651 34,037,215 89,029.270 49,116 013
Prop, reserve to liabilities, p.ct.
45%
44%
58%
68%
Bank rate.................... percen t.
3
3
3
2
done was not very great except in the American and Argen­ Consols, 2% per cent.................
I l l *4
112%
112 9-16
109 9-16
27 7-ldd. 25%d.
2S%d,
tine departments. On Friday morning business every­ Silver............................................ 152,460,000 182,450.000 131.7/0,000 118 31%d
Clearing House returns...........
685 000
* February 21.
where became more active, though it has not continued
The rates for money have been as follows :
quite so good.
German buying here of American, Argentine and African
Interest allowed
Open Market Rates.
a
fo r deposits by
gold shares more particularly is reported to be on a very London.
BT
Bank Bills.
Trade Bills, Joint JJis’t j s
great scale. It has been large in American securities for a
Stock A t 7-14
3 Months. 4 Months. 0 Months. 3 Mo8. 4 Mo8. Banks Call Days
considerable time past. Lately it has become very large in
2
2H@2% 2a/@s
2%
Jan. 27 114
2H
2H
2H
the mining and the Argentine markets likewise.
Feb. 3 3 1%@115-16 1 15-10@2 2 1-16@2%
1
%
2H
2H
m
Partly the magnitude of the business done nere rather than
“
2
10 3
2H
1%
2H
2\i®2H 2J4@2&
lH
2%@2 3-16 2%@2 8-16 2 3-10@2%
in Germany is due to the cheapness of money here and to
“
17 3
2H
1%
2J4
m
“
2 3-16
2%®2% 2%<32%
2W®2 5-16
24 3
1%
2H
m
the breadth of the market. But partly it is a result of the
The Bank rate o f discount and open market rates at th e
unwise German Bourse law. It is estimated by leading
brokers here that the commissions earned by London brokers chief Continental cities have been as follows:
and the stamp duties paid to the Government on German
Feb. 24.
Feb. 17.
Feb. 10.
Feb 3.
R ates o f
purohases in this market at the present time are at the rate
Interest at
Bank
Bank
Open Bank
Oven
Open
Bank
Oven
of about half a million sterling a year, or 2% million dollars.
R ate. Market R a te. Market R ate. Marke R a te Market
This, of course, may be an exaggeration. But there is no
8
3
8
2 15-10
Paris.................
2%
3
2H
2H
doubt at all that the business being done here is on an ex­ Berlin..............
5
5
5
SH
SH
W
SH
ceptionally great scale. French buying was naturally much H a m b u rg ----5
6
SH
5
iH
SH
SH
SH
3 15-16
5
Frankfort. ...
4
5
5
iH
SH
SH
checked by the death o f President Faure. It is, ...however,
Am sterdam ....
2H
2H
2H
2H
2H
2H
2H
2H
beginning once more.
Brussels.........
5
s*
SH
8H
SH
SH
3
SH
5
There has been likewise a large business done both in cop­ V ie n n a __
6
4 1-10
5
m
5
iH
m
6
6
0
6
OH
OH
OH
per and in copper shares. But on Friday morning there was 8t, Petersburg. OH
Madrid...........
5
4
5
4
4
6
6
5
a sharp fall from about 9% to about 8% in Anaconda shares, Copenhagen
4 *
5
6
iH
5
iH
iH
iH
which disarranged the whole copper market for the time be­
Messrs. Pixley and Abell write as follows under date o f
ing. Generally the opinion here is that the fall is owing to a Feb. 23:
manoeuvre to get shares cheap. And the impression is that
G o id —In co n s e q u e n c e o f g r e a t ly In o re a se d d e m a n d , b o th f o r th e
a st
o th e C n tin
B
s r
v y
le g o
we are about to see another considerable advance in almost Eu rinan d fe r w e e k . oT h e etn t, lthbeo u ga ntk b hath e e c eaiv e d Is eorn lylitt5 7 ,0 0 ld,
d
g th
o ta
h
y
B nk
£
0
all copper shares. As a natural consequence of the rise both w h ile £ 1 0 ,0 0 0 ha s b e e n w ith d ra w n f o r S -m tos. A r r iv a ls —B o m b a y ,
£ 9 0 .0 0 0 ; A u stra lia . £ 1 5 9 ,0 0 0 ; C ap e T o w n , £ 2 1 0 ,0 0 0 ; C hile. £ 2 ,0 0 0
in copper and in copper shares, all the copper-mining compa­ t o ta l, £ 5 0 5 ,0 0 0 . S h ip m e n ts —B o m b a y , £ 4 0 ,0 0 0 ; C a lcu tta , £ 1 5 ,0 0 0
’
nies are doing their utmost to increase the output, and at t o ta l, £ 5 5 .0 0 0 .
S ilv e r—T h e m o v e m e n ts h a v e a g a in b e e n e x tr e m e ly s m a ll. A slig h t
the same time new copper companies are being formed. ris e to 27'b<l. w a s m a in ta in e d a f e w d a y s b u t ha s sin ce b e e n a g a in lo st
in c o n s e q u e n c e o f r a th e r la r g e r o ffe rin g s. T h e B o m b a y p r ic e is to -d a y
For example, a syndicate or private company has been “ S- 7 0 p e r 1 0 0 to la h s. A r r iv a ls —N e w Y o r k , £ 8 4 ,0 0 0 ; A u stra lia ,
formed here for working a mine in Mexico, and the price £ 2 ,0 0 0 ; C hile, £ 2 1 ,0 0 0 ; S ou th A fr ic a , £ 2 ,0 0 0 ; t o ta l, £ 1 0 9 ,0 0 0 . S h ip ­
m e n ts— B om b a y, £ 3 2 ,0 0 0 ; C a lo u tta , £ 2 0 ,0 0 0 ; C o lo m b o o o in , £ 1 1 ,8 5 0 ;
has been run up to a premium of nearly 150 per cent. to ta l, £ 6 3 ,8 5 0 .
M e x ic a n D o lla rs —T h ere a re n o t r a n s a c tio n s to re p o r t.
The Imperial Bank of Germany on Tuesday reduced
The quotations for bullion are reported as follow s:
its rate of discount from 5 per cent to 4% per cent. The
Bank is acting with great caution. It will be recollected that
G old.
Feb.
Feb.
Sil v e r .
Feb.
F eb.
it refused to put down its rate even for the purpose of facili­ L ond on S ta n d a rd .
23.
1 6.
L o n d o n S ta n d a rd . 23.
16.
tating the placing of the German and the Prussian loans.
«. < . f . d.
j
d.
<
i.
Now, hovever, the increase in its reserve and the desire to Bar g o ld , ftn e___ oz. 7 7 9 % 7 7 9 % B a r s liv e r , f in e .. .o z . 277ie 277is
(J .S . g o ld c o i n ...o x . 7 6 5
a ’
disarm opposition in the Reichstag to the bill for prolonging Germ ’ ll g o ld o o in .o z . 7 6 6 7 6 5 B ar B ilver, o o n tld in zg 28
76 6
d o 5 g rs. g o .o .
28
in
d o 4 g r s . g o ld .o z . 2 7 %
27%
the Bank concession has induced a reduction. It is thought fr e n o h sgeo lde o o___.o z . 7 6 6 7 6 6
la p a n e
y n
oz. 7 6 4 la 7 6 5
d o 3 g r s . g o ld .o z . 2 7 » is 2 7 » lg
probable that next month the rate may.be lowered to 4 per
C ak e s li v e r ...........oz.
299i*
M e x ic a n d o l la r s .o z 2 7
27
cent. But the general opinion of bankers in Berlin and in
The follow ing shows the imports of cereal produoe into
London is that it will not go lower.
The Bank of England has made no change and neither has the United Kingdom during the first twenty-five weeks of
the new season compared with previous seasons:
the Bank of France. In the case of the Bank of England
IMPORTS.
trade here is exceedingly active. There is a good deal of
1 89 8 -9 .
1 8 9 7 -8 .
1 8 9 6 -7 .
1 8 9 5 -6
Im p o rts o fw h e a t ,o w t.2 9 ,2 3 8 ,2 5 0 2 9 ,8 1 8 ,3 1 0 3 4 ,5 4 6 ,2 1 0 3 2 ,0 9 6 ,9 6 0
speculation. There is a possibility that gold may go to the B arley.............................. 1 5 ,7 6 7 ,9 0 0
1 0 ,9 1 6 ,5 9 4 1 3 ,9 5 9 ,8 ’ 0 1 3 ,5 6 3 ,3 5 0
United States, Germany, Russia, Japan and India; while at Jats.................................. 7 ,9 7 3 ,0 7 0 7 ,2 9 8 ,2 6 0 9 ,5 6 6 ,2 1 0 6 ,8 1 0 ,3 4 0
Peas........... ..................... 1 ,2 6 7 ,0 0 0
1 ,9 1
1*393,400
the sane time the collection of the revenue is now transfer­ l e a n s .............................. 1 ,1 1 1 ,1 6 0 1 ,5 2 9 ,2 4 0 1 ,6 3 4 ,6 5 8 1 ,5 0 9 ,3 3 0
9 ,5 5 0
1 ,9 1 6 ,3 8 2
ring such large sums from the outside market to the Bank I n d ia n o o r n ................... 2 5 ,7 0 9 ,7 6 0 2 2 ,8 2 1 ,3 6 0 2 9 ,4 3 2 ,6 3 0 2 1 ,8 4 8 8 0 0
F lo n r.............................. .1 1 ,5 5 7 ,1 3 0

1 0 ,4 0 5 ,8 8 0

1 1 .5 3 2 ,5 6 0

1 0 ,4 5 0 ,3 7 0

THE

H abch 11, 1889,J

September 1);

188g.9>

1897-8.

1896-7.

Bales ol home-gTown. 16,980.399

14,547,705

13,629,134

1895-6.
32,096,960
10,450,370
8,032,077

— T o t a l......... ............... 5 7 ,7 7 5 .7 7 9
—
1 8 9 8 -9 .

54,771,895
1897-8.
35s. Od.
33s. 9d.

59,707,904
1896-7.
23s. l i d .
29s. 5d.

50,580,007
1896-6
26s. 34.
25s. 04.

?S;So!;ilS ftlsi'Jgo

Aver.prioe wheal, weak.26e. Od.
Average price, season. .37s. Od.

flo u r a n d

The follow in g shows the quantities o f wheat,
rasize afloat to the U nited K in gdom :
1898,
T b it Vitek.
L a st tree*.
2,685.000
W heat
. . . . . . a r e ___ 2 ,0 8 5 .0 0 0
2 ,0 4 0 ,0 0 0
555.000
m o a r .w iiio q n ..-4 3 0 ,0 0 0
5 6 0 ,0 0 0

M a °e

-

--.u r e . . . .

6 4 0 ,0 0 0

B a a lis h F in a n c ia l U t r z e u - H e r

C a t r ie .

The daily closing quotations for securities, etc., at London

LOBDO*

IVm.

Jfon.

Sat.

27%
*
1101,*

Wed.

277,*
27*14
110%
l-.OOj, H O T ,.
llO U l* 1101!,,
103 05 10310 103*10 03-12J-J
55%
55%
54S
g 56
22%
22% ' 22%
23
63 %
63%
62%
64%
92%
92%
93
49%
50% I 49%
.*0 %
27%
28 i
27
2 «%
132
131% 130%
132%
22
22% '
2 1%
23ia
75%
75 %I
74
75%
15%
14%
14%
14%
40%
39%
39%
39%
117% 118
117% 117%
66
66% 65% 65
14
14% ! I *
14«a
139
138%
139
139%
■ 27%
27
27%
28
06%
67
60
67**
52% | 53
53%
54%
91 % 81% 80% 81%
68%
67
b7% 67
12%
12%
12%
n%
33*4
! 33%
33%
32
17%
17%
17%
17
12%
12% 12 % 12 %
49%
4*%
49%
18 8
47%
46%
43%
48%
! 31%
81
81%
New p r e fe r re d ........ 81%
22
22% 22
W abash , preferred........ 22 %
’ Price per share.

S ilv e r, p e r o u n c e .......d.
C o n so ls., n e w , 2 % p .ots.
F o r a c c o u n t ..................
Fricfc re n te s Cln P a r iilfr .
S p a n ish i s .................... . .
A te h .T o p . A S an ta F e ..
P re fe r r e d .......................
C an ad ia n P a o ifle ... . . . . .
C en tra l P a o lflc ...............
C hesap ea k e A O h io .......
C h ic. M il. A St. P a u l....
D en . A B io O r. c o m . . .
Do
d o P r e fe r r e d ..
E r ie , o o m m o n .............
1st p r e fe r r e d ................
Illin o is C e n tra l...............
L o u is v ille A N a sh v ille.
M o. K an. A T e x ., c o m
N. Y. C e n t'l A H u d son .,
ST. Y , O n ta rio A W est'll
N o rfo lk A W e s t 's p ro f
N orthern Pmetfle, com .
P re fe r r e d ......................
P e n n sy lv a n ia --------------•P hils. A R e a d ................
• P hlla-A B ead., I s t p r e f.
•P h ils.A R e a d .. 24 pref.
S ou th 'n R a ilw a y ,c o m ..
P r e fe r r e d .......................
U nion P a e lflc . — .. - . . . . .

27%
1107,,

nos,*

T h u rt.

Fm

277t* 2 7 %
110*1* 110%*
110«>ie
0312*2 103-15
56%
,
55%
22%
22%
63%
63 ^
92% x 90%
54%
50%
27\
28%
133
131%
22 \|
22
*
74%
75%
14%
15%
10 *
4
41
118%
118%
00%
03%
14%
14%
139% 138%
29%
67
66%
53
53%
81%
81%
68%
68%
12%
12%
34
3 i%
18%
18%
12*s
12%
50%
49%
47*
*
4«
80%
81%
22%
22*

1898.

1899.

1897.

1896.

Fo r the week,.
Prev, reported

$7,989,433
78,490,339

$9,957,487
71,757,728

$8,963,918
61,081,162

$8,012,827
61,445,492

Total 9 weeks

$86,479,772

$81,715,215

$70,050,080

$69,458,319

The following table shows the exports and imports of
Bpecie a t the port o f New York for the week ending Mch. 4
and since January 1, 1899, and for the corresponding period#
in 1898 and 1897.
EXPORTS AND IMPORTS OF 8PE0IB A T NEW YORK.

1897
2 .135.0C0
330.000
930.000

670.000

7 2 5 ,0 0 0

EXPORTS FROM NSW TORS FOR THB WEEK.

s t o c k s on

Supplies available fo r oonsum ption (exclu sive o f

457

CHRONICLE

E xp orts.
G old,

W eek.

I m p o r t!.

S in c e J a n . 1.

Since Jan. 1,

W eek.

12,986

G reat B r ita in ,..........
F r a n c e .....................—
G e r m a n y ..................
W est I n d ie s ...............
M e x i c o .....................
S outh A m e rlo a .........
A ll o th e r co u n trie s.

# 22 ,54 5
5 0,4 75
9 9 ,9 0 4

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

$ 6 ,1 8 7
1 ,0 6 7
550

T o ta l 1 89 9
T o ta l 1 8 9 3 ..........
T o ta l 1 8 9 7 ........

$17 2 ,9 2 4
790
2 3 9 ,9 0 0

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

# 2 0 ,7 9 0
2 5 ,4 9 8
2 2 5 ,0 2 1

E xp ort*.
S ilv er.
W eek.
G re a t B r ita in ...........

$ 8 3 7 ,3 0 0

W est I n d ie s ...............
M e x i c o . . . ...................
S outh A m e r ic a .........
A ll o th e r c o n n trie s.

1 5 0 ,31 3

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

$99 6 ,0 9 8
6 0 4 ,0 1 0
8 2 0 ,3 2 8

8 ,4 8 5

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

37,187

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

Im p ort*.

S in c e J a n . 1.

W eek.

S in e eJ a n . 1

$ 8 ,3 4 6 ,1 7 0
2 3 9 ,4 5 0
800
3 5 1 ,6 9 7
9 ,6 0 0
12,885
1 ,3 0 5

$ 7 ,6 2 5

$ 2 5 ,9 2 3

"i',6 1 9
12,7 38
3 ,7 2 4
2 ,1 9 5

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

#8*961,907
7,7 4 5,86 1
7 ,7 9 9 ,4 1 7

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

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

Of the above imports fo r the week in 1899 $5,S65 was
American gold coin and $40 American silver coin. Of the
exports during the same time $75,374 was American gold
coin and $149,600 was American silver coin.
Auction Sates.— Among other securities the follow in g,n ct
regularly dealt in at the Board, were recently sold at auction
By Messrs. Adrian H. Muller & Son :

S h a ret.
S h a ret.
3 0 N .Y .U f c Ins. A T ru st C o .1 4 5 0
15 N at. B a n k o f the R e p ___ 1 8 0
2 5 T e x a s L a n d 8 y n ....... $ 5 p e r sh.
42 B an k o f A m e r ic a ............. 4 0 3
2 6 T e x . L a n d H y a .N o . f s l j,o r
2 0 I m p o r te r s A Traders*
2 0 B r o o k ly n A ca d , o f Mu«ici
N at. B a n k . ............5 1 9 % A 2 0
3 4 M erch a n ts’ E x N n t-B 'k ..iU 4
(w ith tw o t i c k e t s ) .........1 2 0
1 9 Blxtii A r e . R R . C o ...........2 0 3 %
7 5 A m ur. E x . N at. B u n k ___ 177
t t o t r u a e u c i a l a u d I ^ t is c e U it u e c n c t s I n c u r s
f.0 AtL C o n st K lee. R R . C o . 2 0
15 N. Y , F ire Ins. C o . . ..........105
3 0 N orth R lv . F ire in s . C o ..1 4 5
2 5 U. 8 . M o r i A T ru st <’ o .. ,3 8 0
15 G erm a n A m o r. Ins. C o .481
4 0 L a w y ers* T itle In s. C o. . 149
N a t io n a l B a n k s . — T h e f o l l o w i n g in fo r m a t io n r e g a r d in g
1 0 G e r. A llia n c e in * . C o .. 1 6 5
159 B an k o f N. Y „ N . B. A .
a a t i o n a l banks is from the Treamry Department.
3 N, Y. M uL G a s-L ig h t O o.31 7
2 »8 % -2 4 4 %
7 5 B ank o f the s ta t e o f N .Y .1 2 3 % 1 2 9 F anners* L oan A T ru st
n a t io n a l BASKS O f M I U B .
10 M eroh'ts* E x . N a t. B a n k .124
C o , . . . . .....................1 4 0 0 -1 41 7
5 .1 7 9 —
T h e F rost N a tion a l B an k o f San A n to n io , T e x a s .
C a p ita l, 2 2 T itle G u a r A T ru st C o . . . 3 30
B on d s.
# 45 0 ,0 0 0 . T h om a s 0 F ro s t, P resld cu h J o .ia h T . W o o d h u ll.
10 B o n d A M ' k - O n ar. C o ..2 3 4
C ashier. O ortifl 's t e I s s u e ! F e b ru a ry 2 0 .1 3 9 9 .
1 0 0 M e ch a n ics’ N a t. B an k 2 03
W a rra n ts o f A m or. P ig Ir o n
5 .1 8 0 —T h e C om m ercia l N s t i o a il B an k o f C olu m b u s, N eb ra sk a . C a p i­
5 N at. C ity B ank ........... ..1 6 0 2
Star. W ar. C o. f o r tlOO
ta l. # 1 0 ,0 0 0 . C. E . Sh-ildou. Presidents D a n iel ih jhram . C ash
C
1 N .Y . P la te G la ss in s . C o. 87
to n s o f Iron R o m e c h a r ­
le r. C ertifica te Issued F e b ru a ry 2 4 .1 8 9 9 .
3 7 S tate T ru st C o .................. 4 1 0
c o a l ............... $ 1 0 .3 7 % p e r to n
5 ,1 9 1 —T a e B ir d e r N a tion a l B an k o f E agle P a ss, T e x a s . C a p ita l,
1 0 0 S teel T ire d W h e e l C o.,
$ 6 ,0 0 0 T o w n s 'p o f P a w P a w ,
3 1 0 ,0 0 0 .
W A B on n et. P resid en t- » . P. S im p son , C aehter.
c o m m o n ........................... . 22
V a n B n ren C o., M ich___ 4 0
C e rtifica te Issued F e b ru a ry 2 7 ,1 9 9 9 .
B v M e s s r s , ft V Harnett ft C o.:
5 ,1 8 2 —T h e M u rch ison N a tio n *1 B a n k o f W ilm in g to n , N orth C a rolin a .
C ap ita l. 4 2 1 0 ,0 0 0
II. C, M cti ie e n , P res id en t: J V . G rain
Sham .
S h a ret.
yer. C ashier. C ertifica te Issued F eb ru a ry 2 8 . 1 8 9 J.
1 7 Im p ’ rs A Traders* N a t.B k .5 1 7
5 2 A m e r .E x c h . N a t. B a n k .. . 170
5 5 C o rn E x c h a n g e B a n k . . . . . 3 1 0
75 N at. B an k o f C o m m e r c e ..2 1 5 %
CORPORATE EXISTENCE OS NATIONAL, BANK BXTBNBKD.
2 .4 1 3 .
— t h e C ltU en* N a tio n tl B an k o f P rin c e to n , Illin ois , u n til F e b ­ S t o c k E x c h a n g e C l e a r i n g H o u s e T r a n s a c t i o n s . — T h e
ru a ry 10. 1919.
subjoined atat-m-nt include* the transactions of t h e Stook
2 .4 1 4 . —T h e F irst N a tloa a l B an k o f W insterl, C o n n e c tic u t, u n til F e b ­
Exchange Clearing-House from February 27 down to and
ru a ry 9, 1919.
2 .4 1 5 — T h * F o r t Plt« N a tion a l B a n k o f P itts b u rg , P e n n s y lv a n ia , u n til
including Friday, March 10; also the aggregate for January
F e b ru a ry 2 8 ,1 0 1 9 .
and February in 1899 and 1898.
2 .4 1 6 —T b s Third N a tion a l B an k o f C u m b e rla n d . M a ry la n d , u n til
STOCK EXCILANOK CLRAP.INO HOUSE TRANSACTIONS.
F e b ru a ry 2 6, >!> 19.
2 ,4 2 5 —T he W a ch ov ia N ation a l B an k o f W in ston , N orth O arollna, u n til
S h a r et, bait* *td e*.— \
— B a l a n c e , o n e s id e .--------- * S heet b
M a rch 3 ,1 0 1 9 .
C lea red . Total V a lu e, S hare*. V a lu e S h a re*. C a s h ,C le a r e d .
oiiA N oa o r t i t l e .
1999* **,9*9.000 2.044.200.000 3.911.700 92fi.fl00.000 1,996,000 9.970
I
•
January,,
3 ,3 2 0 —T h e K eteh a m N ation a l B ank o f T o le d o . O h io, t o th* N a tio n a l
February.
23,1*3400 SjMfi.lOQ.OOQ
:i.7&2,000 272.000.000 9.302.900 9.963
B ank o f C im m e r c e o f T o le d o , a p p r iv e d F eb ru a ry 25, 19992 m o*...
51432400 1,309,300,000
tf*044.000 *37,300,000 M97.900 1M 28
4 ,006.—T h e O w e n s b o r o N a tion a l B in k . O w e n s b o r o , K e a tu o k y , t o T b e
N a tio n a l D ep osit B an k o f O w en sb oro,
J*ou*ry.
7fi.Ono.TOO 6.* 15.&0.000 10.5*39.800 761,1^0,000 fl.520.000
8,830
P «bro*rr.
60.380.900 *.11**700.000 '.H 9,<00 50*4,100.000 5.994,709
00
,8 0
Im p o r t s a n d E x p o r t s f o b t h e W e e k . — T h e f o l l o w i n g a r e

|

tbe imports at New York for the week ending for dry ^oods
M^r. 2 and for the week ending for general merchandise
Mar. 3; also totals sinie the beginning of the first w *)i
*w
in January,
r o * 82o* u rro B T* a t b * w t o e s .
F or w eek.

1899.

1898.

1896.

♦2,*88.871
9 ,0 9 1 ,6 8 6

T o t a l..
S ince J a n . 1.
D ry G o o d s . . .
G en’ l mer*dlse

$ 1 1 ,9 8 0 ,5 5 7

$ 1 0 ,0 3 6 ,1 1 3

# 1 0 ,6 1 3 ,0 0 6

* 9 ,5 7 8 .5 2 0

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

# 2 1 .4 2 0 ,6 2 2
5 0 .4 0 4 ,3 0 4

# 2 2 ,6 1 0 ,1 3 7
1,7 2 7,13 1

* 2 0 ,5 6 0 ,3 2 7
6 1 ,8 1 0 ,0 8 *

T o ta l 9

# 8 7 ,30 9 ,7 1 1

* 7 7 .8 2 4 ,0 2 6

$ 8 4 ,3 4 3 ,2 6 8

# 9 1 ,2 0 0 ,4 1 3

w m I ui

# 1 .6 9 4 ,5 2 5
8,3 4 1.58 8

1 89 7 .

D ry G o o d s . . .
G en 'l m er'disfi

* 2 .6 1 1 .0 9 5
8,0 0 2.91 1

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

The imports of dry goods for one weak later will be f o u n d
in onr report of the dry good s trade.
The following is a statement of the exports (exclusive oi
specie) from the port of New York to foreign ports for the
wmk ending Mch, 6 and from January 1 to date;

2m
o*... 1 3 I7 L 9 2 .6 0 0 I7 9 9 1,1 9 0 0 12.62 9 1
9 .W .3 O .6 S 0 .0 0 .fl7 .9 0 8 ,20 ,0 0
0,7 9 6.190
—S h a res, both Hides— .
B lea red . Total V a lu e.

18B9.
F eb .
■
M ar.
•
•
•
*

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

T ot. w k 1 8 ,1 3 0 .9 0 0
W k la sty r7 ,0 1 0 .5 0 0
M ar. 6 ..3 ,0 0 7 .6 0 0
■
* 7 , . 1 ,8 0 4,00 0
*
• 8 ..1 ,3 ,1 2 ,8 0 0
** 9 .. 1 .9 2 7 ,2 0 0
* 10 1 ,8 9 5 ,7 0 0
•

— —B a la n ce, o n e t i d e .— — . S h eet»
S h a ret. V a lu e S h a r e t. O a th .C le a r e d

$
3 3 2 ,8 0 0 ,0 0 0
1 9 7 ,1 0 0 ,0 0 0
1 9 7 ,8 0 0 .0 0 0
177,41)0,000
2 0 5 ,0 0 0 .0 0 0

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

3 9 ,3 0 0 ,0 0 0
2 5 ,0 0 0 ,0 0 0
2 9 ,9 0 0 ,0 0 0
2 3 .9 0 0 ,0 0 0
2 9 ,2 0 0 ,0 0 0

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

396
888
382
380
377

1 1 1 0 7 0 0 ,0 0 0 1 ,8 5 4 ,9 0 0 1 4 8 2 0 0 ,0 0 0 1 4 9 5 5 0 0 1 ,9 2 3
5 8 3 ,4 0 0 .0 0 0 8 4 4 ,1 0 0 5 9 ,1 0 0 ,0 0 0 7 2 4 ,0 0 0 1 ,7 4 9
2 5 4 ,3 0 0 ,0 0 0
3 7 0 ,6 0 0 3 2 ,1 0 0 .0 0 0 2 1 0 ,7 0 0 3 9 0
1 1 4 ,9 0 0 ,0 0 0
2 9 2 ,4 0 0 2 3 ,« 0 0 ,0 0 0 1 8 1 ,7 0 0 371
1 2 2 ,8 0 0 ,0 0 0
2 4 5 ,6 0 0 1 9 ,2 0 0 ,0 0 0 1 4 7 ,0 0 0 3 6 0
1 6 1 ,7 0 0 ,0 0 0
2 8 7 ,0 0 0 2 2 ,0 0 0 .0 0 0 2 5 8 ,1 0 0 3 8 0
1 7 0 ,9 0 0 ,0 0 0 2 9 1 ,4 0 0 2 5 ,0 0 0 ,0 0 0 1 5 2 ,5 0 0
376

T o t , w k, 1 0 ,0 4 7 ,3 0 0 8 7 5 ,4 0 0 ,0 0 0 1 ,4 9 3 ,0 0 0 1 2 1 ,7 0 0 0 0 0 9 6 0 ,0 0 0 1,884
W k l’ t y r 8 ,7 3 0 .7 0 0 5 2 8 ,7 0 0 .0 0 0 7 0 2 ,4 0 0 5 0 ,0 0 0 ,0 0 0 5 3 3 ,0 0 0 1 ,0 4

New York City Clearing House Banks.—Statement o
sonlition for the week ending March d, based on averages
of daily results. We omit two oivhers (0 0 ) in all cases.

THE

458
Banks.

Capital Durpl’t

Ban* ot N ew York.. $2,000,0 $1,870,5
Manhattan Co.......... 2.050.0 2.050.0
Merchants’ ............... 2,000,0 1.026.4
Meohanlos’ ............... 2.000,0 2.017.1
America.................... 1.500.0 1.500.0
210.3
Phenix.......—............ 1,000,0
1,000,0 4.472.5
OUJ......................—
800,0 6.404.0
CThemloal...................
108,0
600,0
Merchants’ Kxch’ge
G a lla t in ...........--; 1,000,0 1.722.8
112,2
800,0
Butchers'A Drov ri
159.6
400.0
Mechanics'A Trad s
104.4
200. C
Greenwich.. . . . . . . . . .
477.8
000,0
Leather Mannfao re
130.7
800.0
Seventh.........-------490.9
State ot New lo r k .. 1.200.0
2.005.9
0
Amenoen Exchange 5.000.
3.659.1
0
Commerce.......... . . . . 6.000.
BlM A W V .................. 1,000,0 1,012,0
Meroantlie............... 1,000,0 1,024,4
472.8
422,7
Pacific.......................
844,1
Republic................... 1.500.0
980.0
460.0
Chatham...................
203.7
200.0
People’s................ —
571.1
700.0
North Amertoe.........
H .never................... 1.000,0 2.295.3
800,0
500.0
Irving— ..................
375.5
000,0
Oinsens’ ....................
257.5
500.0
Nassau......................
953.7
900.0
Market A Fulton...
158.8
Shoe A Leather....... 1,000,0
Oorn Exohange....... 1,000,0 1.307.6
577.5
Continental............... 1,000,0
408.0
300.0
Oriental.................
Importers’ * Trad’rt 1.500.0 5.805.9
Park............... ........... 2.000,0 3.193.9
140.0
250.0
g u t River................
2.045.2
0
Fourth....................... 3.000.
404.7
0
Central...................... 1.000.
713.8
300.0
Beoond.......................
253.6
750.0
Ninth.........................
500.0 7,056,8
53,4
300.0
N. Y. N»t'i Exoh’ge.
018.2
250.0
Bowery.
440.5
200.0
New York County..
283.5
750.0
German American..
Ohaae.......................... 1,000,0 1.252.4
100.0 1.170.2
Fifth Avenue...........
573.8
200,0
German Exchange..
739.0
200,0
Germania..................
773.9
300.0
Lincoln-----...*;.........
809,2
200.0
Garfield ....................
325.7
200,0
Fifth. .......................
843.7
300.0
Bank of the Metrop.
304.1
200.0
West Side................
413.2
500.0
Seaboard..........
llxth—Consolidated with As tor Natl
948.2
2.100.0
Western..................
940.4
300.0
First Nat. B’ klyn...
Nat. Union Bank... 1,200,0 1,084,1
358.0
500.0
Liberty.. .................
321.9
N. Y. Prod. Exoh’ge. 1,000,0
320.4
250.0
Bk.of N . Amsterdam

Legal,. Depotits

Loans.

Specie.

$15,360,0
18.372.0
15,790.5
12.638.0
24.901.4
5.120.0
02.433.5
20.077.1
0.213,9
8.443.9
1.043.6
1.618.0
996,9
4.858.3
2.189.4
4.535.0
27.760.0
29,628,9
7.515.9
18.881.5
3.023.9
22.181.6
0,598,6
1.845.4
15,847,7
38.796.1
3.860.0
2.692.5
2.604.2
6.714.3
3.780.1
10.450.0
0,574,0
2,088,8
27.005.0
49.698.0
1.378.0
27.235.0
12.550.0
7.229.0
2.929.4
37,808,4
1.775.9
2.858.0
3.258.0
3,118,8
37.901.0
8.463.1
2.032.7
3.404.0
8.838.4
5.943.1
2.015.0
6.865.0
2.487.0
12.196.0
onal.
34,424,6
4.508.0
16.571.0
4.187.0
4.076.6
3.668.5

f3,750.0
6.835.0
4.401.2
2.077.0
5.879.5
1.038.0
28,010,7
10,722,4
1.042.5
1.884.5
282,9
280,0
101.5
1.351.3
701,4
470.1
2.408.0
8.104.0
1.068.9
3.407.7
702.3
0,292,7
894.4
346.1
3.474.9
14.451,2
007.1
757.0
494.3
1.535.7
870.7
1.805.4
1.732.0
190.6
5.520.0
19,762,0
279.0
4.548.1
4.026.0
1.332.0
548.3
7.951.9
305.8
552.0
708.0
488.7
9.901.1
1.977.3
349.9
594.7
2.297.4
1.476.6
451.8
1.331.5
279.0
2.803.0

$890,0
1.971.0
1.212.0
777.0
2.000.6
262.0
2.409.0
1,002,2
406.4
649.0
145.4
157.0
241.3
220,8
151.0
230.1
3.061.0
3.239,3
202.5
728.5
399.3
670.5
871.3
709.7
880.8
2.024,9
590.4
139.5
313.2
633,1
207.0
833.0
480.1
349.4
942.0
2.920.0
114.1
2.570.0
988.0
015.0
241.8
990.4
268.5
389.4
384.3
283.1
4.944,2
507.8
891.3
529.4
416.5
589.0
103.3
614.6
419.0
1.343.0

$10,300.0
23.322.0
19.982.2
12.821.0
30.244.0
5.230.0
117,178,7
32.030.0
7,634,9
7.245.4
1.289.5
1.801.0
990,4
5.311.7
2.844.8
3.798.8
28.303.0
24.977.2
7.374.2
14.867.4
3.085.6
20.458.5
0,790,1
2.878.8
18.693.1
53.325.1
4.248.0
2.980.7
3.359.8
7.675.2
4.303.2
11.776.0
8.125.0
2.070.0
27.542.0
08.028.0
1.373.1
29.754.0
17.029.0
8.170.0
3.131.1
39.100.8
1.881.9
3,680,0
4.113.1
3.097.2
50.435.0
9.787.4
3.260.4
5.120.4
10.315.9
7.419.2
2,259.7
7,050,1
2.797.0
15.477.0

8.524.0
1.016.0
5.381.0
1.040.0
829.8
759,6

1,077,5
956.5
472.4
354,3
91,4
278.2

40.904.1
5.255.0
19,590,4
5.184.3
3.601.0
4.138.0

Total....... ................ 67.872.7 75.728.0 780.007.7 1984071

[VOL. LX VIII,

CHRONICLE.

54,873.0 914,810,8

R eports ot Non-M em ber Banks.—The following is the

New York City, Boston and P hiladelphia Banks.—Below
we furnish a summary of the weekly returns o f the Clearing »
House Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the nonmember banks.
0AHK1.

Capital A
Surplus.

Loans.

L etau.

394011,

Deposits.i Oir«Tn. Clear4m

t
$
$
$
$
$
* - Y .*
11334800
F sb 11. 133.480.0 750,043,3 1985013 59,025,3 888,059,1 14,533,0 905,777,9
“ 18.. 133.480.0 768,611,0 2021353 56.531.0 897.172.3 14.512.3 11732315
“ 25.. 133.600.7 771,574,9 2020583 55.320.0 910,573.6 14.510.3
M ar. 4., 133.600.7 780,007,7 1984071 54.873.0 914.810.3 14,495,2 13920000
K os/
7.345.0 236.842.0 4.970.0 1)3,876,1
Feb. 1 8 , 68.587.3 196.888.0 18.981.0
7.255.0 240.104.0 5.080.0 123,933,5
‘ 2 5 - 08.587.3 197.800.0 19.028.0
7.038.0 135.372.0 5.093.0 143,629,8
Mar. 4.. 08.587.3 194.930.0 18.741.0
h lla .'
154.928.0 6.049.0 72,108,8
50.142.0
Feb. 18. 35.388.0 128.975.0
50.444.0
157.591.0 6.049.0 88,136,4
“ 2 5 . 35.388.0 130.413.0
49.014.0
156.039.0 0,061,0 111,486,5
Mar. 4.. 35.388.0 131.196.0
• We comit two ciphers in all these figures.
t Inluding fo r Boston and Phlladel phla the Item due to other banks.”

Deutsche Bank, Berlin.—A t to-day’s meeting o f the Board
of Directors the Balance Sheet for 1898 was examined. It
is the intention to recommend to the Annual Meeting of
Shareholders the distribution of a dividend of 1 0 ^ .
P re v io u s d istrib u tio n s h a v e b e e n a s f o llo w s : 1 8 9 7 ,1 0 p e r ce n t:
1 89 6 , 1 0 p e r oent; 1 8 9 5 ,1 0 p e r o e n t; 1 8 9 4 , 9 p e r ce n t; 1 8 9 3 , 8 p e r
ce n t; 1 8 9 2 , 8 p e r ce n t; 1 891 9 p e r o e n t; 1 8 9 0 , 1 0 p e r ce n t.

The total turnover amounted to §10,570,000,000 ( against
§9,027,000,000 in 1897); the main items of the Balance Sheet,
including branches, on December 31st, 1898, were as follows:
1 89 8 .
A ssets—
Oash, fo r e ig n c.oins and c o u p o n s ........................ $ 1 3 ,3 5 8 ,8 0 0
D is co u n ts a n d bills o f e x c h a n g e ........................ 5 3 ,2 2 1 ,1 0 0
2 .7 4 5 .3 0 0
C red its w ith b a n k e rs ..............................................
L o a n e d a g a in s t s e cu ritte s .................................... 2 3 .1 3 6 .2 0 0
4 ,0 3 6 ,1 0 0
A d v a n ce s o n co lla te r a ls .......................................
7 .5 3 8 .3 0 0
S ecu ritie s,. .................................................................
In v e stm e n ts in ca p ita l o f a llie d han ks, firm s
a n d tru s t c o m p a n ie s ........................................... 1 1 ,5 9 6 ,6 0 0
C u rren t a co o u n ts seou red b y c o lla te r a l......... 4 4 .9 1 1 .2 0 0
C u rre n t a ooou n ts u n se cu re d ............................... 1 1 ,9 4 3 ,5 0 0
6,265,500
A d v a n ce s on m erch a n d ise ....................................
8 ,5 4 0 ,0 0 0
P a r tic ip a tio n in s y n d ica te s ........... ......................
B a n k prem ises in B erlin , B re m e n , F ra n k fo rton -M ain , H a m b u rg , M u n ich a n d L o n d o u ...
1 .7 5 5 .3 0 0
L ia b ilitie s —
1 89 8 .
$ 3 5 ,7 1 4 ,8 0 0
C a p ita l..........................................................................
5 ,8 9 1 ,2 0 0
A e e e p ta n o e s , m a in h o u s e ......................................
“
b ra n o h e s ........................................... 2 4 ,6 6 5 ,9 0 0
D e p o s i t s ...................................................................... 2 8 ,9 7 8 .8 0 0
C u rren t a co o u n ts ...................................................... 7 6 ,7 5 1 ,7 0 0
R e s e r v e ........................................................................ 1 0 ,7 8 0 ,0 0 0

1897.
$ 1 1 ,6 2 8 ,8 0 0
4 3 .7 5 4 .3 0 0
3 .7 6 4 .2 0 0
2 0 ,8 9 8 ,4 0 0
3 .2 1 0 .5 0 0
6 ,9 2 8 ,9 0 0
1 1 .4 1 5 .7 0 0
4 1 .0 9 5 .3 0 0
1 1 ,3 4 9 .0 0 0
4 .9 5 3 .2 0 0
7 ,5 3 2 ,0 0 0
1 .7 0 0 .5 0 0
1897.
$ 3 5 ,7 1 4 ,3 0 0
5 ,7 1 5 ,1 0 0
2 5 ,3 5 9 ,1 0 0
2 4 .2 1 4 .7 0 0
6 1 ,4 3 2 ,6 0 0
1 0 ,5 3 9 ,8 0 0

Among the securities there was again a large amount of
tatement of condition of the non-member banks for the
week ending March 4, based on averages of the daily results German Government Loan, the same as last year.
The total gross profits amounted to §6,559,000 (1897 §4 785,We omit two ciphers (0 0 ) in all cases.
600), to which the profit balance of last year of §119,100 is to
Deposit, with
be added.
For office expenses, salaries and bonuses to
Loans±
Net
Leo" 2De­
Capi­ Sur­ Invest­ Specie. A B ’k Clear’g Other
B A N *.
directors and officers, taxes, &c., there have been expended
Notes. Agent. Bks.&c posits.
plus. ments.
tal.
(00a omitted.)
§1,861,900 (last year §1,009,800), among which are taxes
$
$
$
$
§234,500 (1897 $193,300.) On real estate there have been
$
N iw Y o r k Ci t y .
30.2 149.9 822,9 2.780.3
250.0 374,8 2.603.8 159.5
A stor P lace.......... .
written off §142,900, in consideration of the reconstruction
18.7
909.5
63,6 110.7
09.1
100.0
l,018,t
C olon ial.........
97.0
73.0 154.0 179,0 2.123.J of the bank building in Berlin. A fter deduction of aforesaid
olum bia................ 300.0 184.6 2.014.0
39.0
1.184.4
50.5 432.1
1.580.1 amounts and after writing off on account o f furniture, &c.,
E leventh W ard ... 100.0 119.1
812.6
18.5 113.6 183.0
51.5
1.048.1
Fourteenth Street 100.0
27.0
294.0
5 49.0
92,( a total aggregate o f §2.076,800, there remain net profits to
1,2
Franklin National. 2oo;o
24,8
611.0
28.8
47.0
63.2
15.1
200,0
672,£ be distributed of $4,601,200 (1897 §3,591,100), which ap­
G anaevoort___
48.2
93.2 1.277.5
70.5 131.9
200,0
1.387.C
H amilton.......
H ide A Leath. Nat. 500.0 212.7 2.183.4 197.7 213.0 158.5 100,0 l,809,t pears on the following main accounts:

H om e.________
Hudson R iver
M ount Morris.
M utual............
Nineteenth W ard.
F laaa.....................
R iverside................
State....................... .
T w elfth W a r d .....
Twenty-third W d
Union Square.........
Y orkvlU e................
Astor Nat’ l B ank..
Br o o k ly n .
Bedford..................
B roadw ay............
B rooklyn..............
Eighth W ard___
Fifth A ven u e___
F u lto n ..................
K lpgs C ounty.....
Mafaufaot’rs^ NatM
M echanics..............
Mech’ s’ A Tradr's’
Nassau N ational..
National City.........
N orth Side.............
People’s...................
Queens Oo. (L.I.O.)
S chorm erh om ____
Seventeenth Ward
gpragne National..
Twenty-sixth W ’ d.
Union....... ...............
W allabout...............
Ot h e r Cit ie s .
1st Nat., Jer. City.
H ud. Co. Nat. J. C.
Id Nat., Jer. C ity..
Id Nat., Jer. C ity..
1st Nat., Hoboken.
Id Nat., Hoboken.
Bank of Staten Isl.
1st Nat.,Staten Isl.

40.6
89.0
120,9
87,4
87.0
08.0
39.8
34.0
134.7
79.3
250.5
80.0
133.0

83.3
190.8
99.5
111,0
25.3
114.7
103.1
93.0
115,6
48.5
298.5
128.5
144.1

01.4
520.5
42.0
1.329.0
02.0
1.491.8
860,2
20.8
25.5
667.7
56,7
1.817.0
838.7
11,1
1.890.0
68,0
1.070.4
23.2
810,1
24.3
58.5
2.225.1
1,211,0 112.8
3.480.0 095.0

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

113.9
118.6
167.0
35.5
53.0
106.8
58.0
412.6
401.9
192.0
557,5
544.4
119.5
108.0
128,8
55.3
08,9
200.7
54.4
50.4
30,7

1.047.8
1.277.8
1.087.2
280.5
533.6
870,1
035.0
2.203.6
2.334.7
900.7
3.797.0
2.349.0
722.6
871,9
1.703.1
418.7
458.0
1.004.1
319.0
270.7
480.7

400.0
250.0
250.0
200.0
110,0
125.0
25,0
100.0

727.7
52d,2
366.8
197,3
425,0
82.4
45,9
73.4

4,107,0 103,5 210,2
2,144,4
98.0
61.7
1.492,9
02,0
01,9
851,6
70.0
35,2
1.606,8 112,3
29.8
43.4
45,8
700,0
449.3
10.0
17,7
024.4
19.0
27.5

100.0
200,0

250.0
200.0
100,0
100,0
100,0
100,0
200,0
100,0
200,0
100,0
350.0
150.0
100.0
300.0
100.0
100.0
200,0
150.0
252.0
500.0
100.0
800,0
300.0
100.0

53,5
20.2
99.0
128.3 225.0
10 1.6 157.1
130.5 108,0
156.6
75.7
49.0 181,0
108.4 115,4
45.8 142,8
508.3
149.8 135,0
105.0

583.4
1,293,C
1.938.4
954.4
1.028.5
1.832.6
819,*3

2,121,C
1.502.1
1,007,4
2.910.1
1.471.6
3,850,C

88,0 148.1 100,0 1.222.7
24.1
34.1 119.6 257.3
1,617,6
47.4 189.0
82.1
85,0 1,173,C
47.7
22,0
13.3
35,8
279.1
85.0
20.3
22.7
31,3
534.2
38.9 207.8
05.9
944,C
90.9
24.8
34.6
023.3
237.6 371.1 573.7
2.895.1
117,5 111.6 150.5
2.273.0
62.8 130.8
55.6
54,1
989.0
230.0 210,0 604.0
60,0 4.140.0
137.0 352,0 401.0 256,0 3.040.0
11.3
70.8
64.3
692.1
31.0
04.8
36.1
800,0
'9,4
81.0 354.5
87,0
91,5 2.089.0
22.9
22.3 308.6
010,9
54,2
35.3
9,3
40.4
433,8
8,5 300.0
100.1
13,0 1.010.0
12.4
19.3 130.8
1.7
433,6
30,4
14.5
10,3
48.5
227.0
38,0
13.6
89,7 161,4
044.0

445,5
181,1
438.1
124,9
100,3
63,7
85,3
117.2

Totals Mch. 4 ... Q,cd2,o 8.750.8 (>5*700.4 7.700,7 4***5.7 0 , 1 04 ,9
,c
Totals Feb. 2 5 ... Q 6a,o 9.780.8 d
'SsSW* 3,733,4 I#** 0^27,0
Totals Feb 18.. 0.012.0 6 .604.0 65,220.4 3,*58.1 4.231,7

5,107,5
2.100.3
1,522,9
1,202,2
1.564.0
1.080.3
515,2
025,1

7 * 5 ,2
4* 0 .
743C0.O
73.7 0.0
6

1 89 8 .
D isco u n ts, b ills o f e x o h a n g e .............................. $ 1 ,5 8 3 ,3 0 0
I m e ie s t ........................................................................
1 ,3 4 7 ,5 0 0
F o re ig n co in s a n d c o u p o n s ..................................
3 7 ,9 0 0
S ecu rities an d s y n d ic a t e s ....................................
1 ,1 3 6 ,7 0 0
I n v e stm e n ts in c a p ita l o f a llie d h a n k s ...........
8 3 0 ,5 0 0
C o m m issio n s...........................................................
1 ,6 2 2 ,9 0 0

1897.
$ 1 ,8 2 2 ,6 0 0
1 ,1 2 4 ,5 0 0
7 2 ,2 0 0
9 2 8 .3 0 0
1 4 3 .3 0 0
1 ,4 3 4 ,6 0 0

The profits from investments in allied banks contains the
profits derived from the issue o f part of the shares of the
Deutsche Ueberseeische Bank held by the bank. The pro­
ceeds of the shares o f the Bergische Maerkische Bank and
Schlesische Bank Verein for 1898, showing probably a profit
o f §952,400, will only appear in the accounts of 1899. (The
dividend for 1897 belonged to the previous owners of the
shares).
It is proposed to transfer §281,500 to the ordinary reserve
(1897, §240,062), to distribute a dividend of 10J^ per cent
(against 10 per cent last year), and to carry forward a bal­
ance of §168,100 (§119,100 in 1897).
The reserves will be increased by the above transfer to
§11,061,400, being 31'97 per cent of the full paid share capi­
tal of §35,740,300.

gauM ug

and

ffitia u e ia l.

Spencer T ra sk

& C o .,

BAN KERS,
2 7 Sc 2 9 F I N E : S T R E E T ,

.

.

.

NEW YORK.

6 5 State Street, A lb a n y .

IN V E S T M E N T SEC U R ITIESG eoroe B a r c l a y M o f f a t .

A l e x a n d e r M. W

h it e ,

Jr

.—The Knickerbocker Ice Co. of Chicago has declared a
M o f f a t
&
W h i t e ,
dividend of 1§£ per cent on the common stock, payable
B AN KE RS
April 1. It is stated that the amount required for the pay­
ment of 6 per cent for the current year on the commcn N o . 1 N A S S A U S T R E E T ,
.
.
.
NEW Y O RK
stock has been more than earned during the past season.
IN V E S T M E N T S E C U R IT IE S .

THE

March 11, 1889.1

f5 a u k e x s r (£ a 2 ette.
1 )1 1 I D K K D S .
P er
Oent.

/farm o f C om p a n y.
R a i l r o a d s (Steam.)
CMe. A E. IB ,, p r e f. (q u a r .)..
C hic. Mllw- A a t. P au l, co m .
da
do
p r e f..
C hic. I nil. A L o u is v ille , p r e f
U n ion P a o iflc, p r e f ...................
S tre e t H a llw a y * .
B m fa lo R a ilw a y (q u a r ) .........
N orth Shore. T ra c. ( B oston ) ,pref.
PhU adelptiia T r a c t io n ..................
I'n M T ra e. & E lec.. P ro v ., (quar.)
T r u s t C o m p a n lM ,
M a n u fa c tu re rs ', B 'k ly n (q u a r .).
t fU c e lla n e o u * .
A m er. S u ga r R e f’ g. coro.(q u a r.)
do
do
p re f. (q u a r.)..
B liss (E . W .), co m . (q n a r ) ...........
do
do
p re f. (q u a r.)...........
Chi '. Ju n K ys .t U .S t .Y p f.lq n )..
O h loa g o T e le p h o n e (m o n th ly ) ..
C o m m e rcia l C a b le (q u a r ) .........
E le c tr ic V eh icle, co r n ....................
do
do
p r e f . . . ...............
KnleR’ r Tee, C h le., co m . (quar.)..
S w ift & C o. iq u a r
...................
W elsbaoh L ight (q u a r .)_______
W estern U nion Teles;:-, (gu ar.)

B ook s closed.
( D a y s in c lu siv e .)

When
P a ya b le

M ar. 1 6
M ar. 2 4

to A p r. 2
to A p r . 12

1
m

A p r il
1
A p r il 20
M a ro h 3 0
A p r il 19

1
3
-4
l

M arch 15 Mar. 6
A p ril
1 M ar. 1 6
A p ril
1 -------—
A p r il
1 Mar* 2 3

to
to
to
to

2

A p r il

to A p r.

“g

U\
2H {
2 s

M a r lS
A p r. 1
---------- A p r. 3
2

A p r il

3 M ar. 15

t o A p r. 3

A p r il

1 Mar. 3 0

to M ar. 3 1

A p r il
1
iV
M aruh 6
1
A p r il
1
1%
2 } A p ril
1
\
A p ril
J
i**
A p ril
1
1%
M arch 2 4
)0
1*4 A p r il X5

8

Mar. 15 to A p r. 2
Mar. 1 to M a r. 6
M a r . ! 2 t o A p r. 2
M a r. 21
M ar. 2 2
----------------------M ar. 2 1

to
to
t o
to
to

A p r. 2
A p r. 5
----------------------A p r. 2

W A L L S T R E E T , K R ID A V . M A H . 1 0 . 1 * 8 9 . - 5 P . M .

The Money Market and Financial SItnatlon.—Except
tome depression during the early part of the week, owing to
the firm condition of the money market, the tendency of the
security markets has generally been towanls higher quota­
tions. This tendency was most noticeable in the bond de­
partment. the market for shares haring been more or less
irregular in movement. There was disappointment on the
part of speculative operators because dividend rates were
not advanced, especially in the case ot St. Paul and Amer­
ican Sugar Refining. Some selling is reported to have taken
place on that account, bnt we imagine no conservative
holder participated in snob sales. A further sharp advance
in the anthracite sto .-R indicates that the coal industry is
e
really or prospectively on a better paying basis.
Interest in the newer industrial shares continues a leature of the market. This is not surprising in view of the
rapid advance that some of these stocks have recently made.
An extreme case in point is that of New York Air Brake,
which sold to day at 172; it sold about six months ago at 55,
and within a year at 14. The higher interest rates noted at
the d ote last week caused an increase in the amount of fnnds
offered, which in turn resulted in an easier market. It is
quite possible, however, in view of the increased activity In
all departments, that future rates in the money market will
be higher than those which have recently prevailed.
The open market rates for call loans on the Stock Exchange
dnring the week on stock and bond collaterals have ranged
from 2 to 4 per cent. To-day’s rates on call were 2% to 3
per cent. Prime commercial paper quoted 3’ s to 4! i per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £598.625, and the percentage
of reserve to liabilities was 41-20, against 44 05 last week; tne
discount rate remains unchanged at 3 per cent. The Bank
of Prance shows a decrease of 2,350,0<X) francs in gold and
9-25,000 franca in silver.
The New York City Clearing-House banks in their state­
ment of March 4 snowed a decrease in the reserve held
o f f-M 97,600 and a surplus over the required reserve of
$21,578,125, against $30,344,900 the previous w eek .H
1 89 0
M ar 4
C a p ita l,. . . . . . „ „
S n r p la a ...............
L oa n s A dlao-nt*.
C ir cu la tio n ...........
Wet d e p o sit* _____
S p e d * .....................
L e g a l te n d e rs ___
R e se rv e h e l d .. ...
L e ga l r e s e r v e ___
B aryta s re s e rv e

5 7 3 7 2 ,7 0 0
7 5,7 2 8 .0 0 0
7 8 0 .6 0 7 .7 0 0
1 4 ,4 95 ,2 0 0
9 1 4 ,8 1 0 ,3 0 0
1 9 8 ,40 7 ,1 0 0
5 4 ,8 7 3 ,6 0 0
2 5 3 .2 8 0 .7 0 0
2 2 8 ,7 0 2 3 7 6

D iffer in ' spPm
f r e t . v>tck.

4

1898
M ar. 5

l

4

1897.
M a r. 6

«■

..........
5 9 .0 2 2 ,7 0 0 ! 59.7 72 .7 C 0
..........
7 4 .2 5 9 ,1 0 0 7 4 ,8 8 8 ,1 0 0
In c, 0 .0 3 2 ,8 0 0 62.8.256.400 5 0 2 ,0 6 1 ,8 0 0
Dee.
2 1,1 00 ; t3 .7 7 1 ,»0 0 l 1 6,4 0 6 ,2 0 0
I n c . 4 ,2 3 6 ,7 0 0 7 0 6 ,0 2 0 ,1 0 0 5 7 7 ,4 6 1 ,1 0 0
D e o .4 ,2 5 1 .2 0 0 1 2 0 .12 5 ,9 0 0; 8 5 ,0 0 1 ,7 0 0
D ee. 4 4 6 ,4 0 0 77.2O2.70W 1 1 4 ,8 6 0 ,5 0 0
Deo. 4 ,6 9 7 ,6 0 0 1 9 7 ,37 8 ,6 0 0; 1 9 9 ,9 2 2 ,2 0 0
I n c. 1 ,0 5 9,17 5 ' 1 7 6 ,50 5 ,1 0 0; 1 4 1 ,3 6 5 ,2 7 5

2 4 .5 7 8 .1 25 D oo.5 .7 5 0 .7 7 5 l 20,8 22 ,5 0 0

5 5 .5 5 6 .9 2 5

Foreign Exchange.—There, has been some fluctuation in
the tone of the market for foreign exchange, due chiefly to
an easier money market, but both the offerings and demand
were limited, anil actual rates remained nearly steady.
To-day's actual rates of exchange were as follows ; Bankers’
sixty days’ sterling, 4 83 % 0 83%; demand, 4 83%#4 8-*%;
cables, 4 86(34 86%; prime commercial, sixty days, l 83rd
4 83%; documentary commercial, sixty dayu. 4 82%(§4 83%;
grain for payment, 1 83@4 83%; cotton for payment. 4 82% g
Mar. 10.

buying 1-16discount, selling 75c. per $1,000 premium; Charles­
ton buying par, selling % premium; New Orleans, bank,
$1 00 premium; commercial, 25c. premium; Chicago, 30c.
discount; St. Louis, 20c. per $1,000 premium.
United States Bonds.—Sales ot Government bonds at tne
Board include $5,500 4s, coup., is 07, at 112%; $10,000 4s reg.,
1907, at 111%; $43,0o0 5s. coup., at 111% to 112%: $223,500
3s, coup., at 107 to 107%, and $1,600 ditto (small bonds), at
For yearly range see seventh page following.

M a r. 19 t o M ar. 3 0
A p r. 2 to A p r. 19

1 M ar. 2 6

S ixty d a ys.

F rim e b a n k er*’ e te rlla g b ill* o n L on d on , 4 9 4 V » 4 85
Prim e c o m m e r c ia l........................................... 4 83 8 4 8 3 %
Do<3nmP!nta,ry c o m m e r c ia l............................ 4 8 S * »8 4 83%
Part* b a n k er*’ < a n c * )........... ...................
fr
5 21 * ( ,8 2 1 %
3978 ® 3 ;)n
F ra n k fo r t o r B rem en {raichm arkio V k er*
9 4 V 8 8 4 H ,,

459

CHRONLCLE.

D em a n d .
4 86*9 9 4 87
5 1 9% ’i W l l i a
4 0 • 40><«
#5*# »»5 *M

w—
*
1
ui uvuih- lio e-xenange on
m
f e w York at the under-mentioned cities to-day: Savannah,

In te r e s t M a r .
P er io d s.
4

M ar.
7.

M ar.
6.

2 8 ,.........................reg. Q .- M o h .;' 9 9 V 99>9
3 ». 1 9 1 8 ............. r e g .! Q .- F e b . '1 0 7 V * 1 0 7 Q
3a. 1 9 1 8 ........... o o u p .!Q .- F e b .; 1 0 7 V 107%
3s. 1918, e m a il.r e g . Q . - F e b . ........................
3 b, 1 91 8 , s m a ll..o ’ p. Q . - F e b . *106% '1 0 6 5 ,
4a, 1 9 0 7 ............. re*?. < £ .-J a n . " I l l 1 1 1 1 V
*
4 8 ,1 9 0 7 ........... co u p . Q , - J a n . *112% *112%
4 8 ,1 9 2 5 ........... re g . Q . - F e b .!* 1 2 8 V ;’ 1288a
4a, 1 9 2 5 ........... co u p . Q . - F e b . * 1 2 -% *12888
5 8 , 1 9 0 4 ............. r e g . Q , - F e b . : ’ U 2 |'112
5 b, 1 9 0 4 . . . . .. .c o u p . j Q .- F e b . *112
112

M a r.
»

* 9fi*s * 99*9
‘ 107*4 *107
107*4 107
...... . . . . .
•1063i 1068,
'111** *111
•1128, -1121*8
*128% 128
'1 2 8 *4 ‘ 128
•112 '1 1 1 %
112*4 11141

J far.
9

Mar.
10.

• 99*s * 99*9
•107
*107
107% 107*4

.......

. .....

107
*111
1127(3
'1 2 8
•128
• lll- V
*111%

■111
-112*9
•128
’ 128
•1113,
112

■This Is th e p r ic e b id a t th e m o ra le * ; b o a r d ; n o sale, w a s m ad e.

Coins.—Following are the current quotations in gold for
corns and bullion:
S o vereig n s_. . . . $ 4
8 5 ® $4 88
N a p o le o n s ......
3
84 * 3
87
X X R e lo h m a rk s. 4 7 3 * 4 76
25 P e se ta s.......... 4 7 8
* 4 81
S pan . D o u b lo o n s . 15 5 0 * 1 5 60
M ex . D o u b lo o n s . 15 5 0 * 1 5 60
P in e g o ld b a r s ... p a r ® *« p re m .

F in e S ilv e r b a r s .. — 5 0 % ® — 60
F iv e f r a n c s ........... — 9 3 ® — 9 6
M e x ica n d o lla r s .. — 4 7 V ® — I S 1
*
P e ru v ia n s o ls ___ — 4 2 V ® — 4 3 1
*
E n g lish s i l v e r ...
4 8 2 a 4 86
D . 8 . t r a d e d o lla r s — 55 » — 7 0

State and Railroad Bonds.—Sales o f State bonds at the
Board include $54,000 Tennessee settlement 3s at 97%; $121,000 Virginia O deferred trnst receipts, stamped, at 6 to 8%;
b
$5,1X0 Virginia fund, debt 2-3sof 1091 at 84; $25,000 Louisiana
consol. U at 100 , and 83,000 Alabama class A at 112%.
On a volume of business which averaged only a little more
than $1,000,000 par value per day, the market for railway
bonds has been generally firm and in a few cases noteworthy
advances were made. Chicago Terminal Transfer 4s, in sympa­
thy with the shares, gained nearly 8 points on an increasing
demand. Western New York it Pennsylvania general
3 -4s advanced 8 points, the incomes abont 2 points and
Reading 4s over a point. Wisconsin Central trust receipts
lost 1 point and a few issues fractionally declined. Tnese,
however, are more than offset by advances in other issues.
Special activity is noted in only a few bonds, including Atchi­
son, Central Pacific, Erie, Missouri Kansas jfcTexas, Missouri
Pacifio, Northern Pacific. Reading, St. Louis Southwestern,
Southern Pacific, Texas & Pacific, Union Pacific and Wis­
consin Centrals.
Stock and Bond Sales.—The following show* the volume
of business in stocks and bonds on the New York Stock
Exchange for the past week and sine? January 1.
H aiti
,— Week en d in g M ar. 10.—
.V, T. S totk t h e * .
1891).
1898.
Oov«TOJB»t!tlwii*4*
•*63,600
» ! 35,800

8 ftofci)*........
1*1*

RK- A mWo. (Hind*.

10,852,500

0,000

18.071.OOP

a n . 1 to M ar. 1 0 ,—
1 899.
1898
*3,8 04,760
*1,808,500
71 MOO
*87,600
*05,800,400
Sl*,*:iX,810

*'400,167,700
*214,078,010
T o t a l . , . , , ....... *40,3*0,100 *10,315,100
Stoeka-N o. I h v w
T .* «4 .0 l*
4,008,267
45,400,340
01,700.084
P*r v*lo * ....* 8 0 * ,7 »5 .0 5 0 **0X04-1.850 *4,405,181,700 *2,181,800,075
a*zU *b*»*,P *r v«i
0.32*
14,800
*08,875
*78,000

We add the following daily record o f the transactions:
ir*4* e n d i n g ------------ Blocks----------- . H allrom t, <tc. State
lia r . 1 0 ,1 8 9 9 . Hharre.
P a r va lu e.
B ond*.
Bond*.
6*40 rd*7.................*407,771
*80,12*.8SO *8,0*8,000
* 1,000
M o o d * * .,,.,, . . . . 575,0*0
58,000.700
0,907.000
0,000
Tonwlay.............
487,059
89,8*5.700
3,107.800
W *dnw 4*y......... 053,888
3 *!8 S ,S C 0
1,508,000
118,000
TSo.-«<i*J..........
018,810
5?,170,SoO
3,180,000
30.000
V rtC a y..,..,,......... 510X87
49.018,100
8,348,000
80.000
T otal............... 8,801.01* *208.783,050 *19,858,500
L isted
sh ares.
Saturday.. 33,878
Monday . . , 08,353

To*a-UJ... 46,816
W «Jn’*4’ y. 44,8*8
Thuraday.. 68,315
F r id a y ,,,, 42,000
T o t a l....80 7 15 3

- B oston .U nlisted
sh ares.
11,4 93
14.089
4Q.3V5
94,330
50,749
33,000
230.4S5

Son<i
sales.
•90,000
103,083
88,840
1 10,400
8'.0CO
130,000

L u te d
sh ares.
4«,0O5
84,374
37,889
84.064
40.418
3b»030

1009.383

813,000

188,000

V . B.

Bonds.
*10,500
71.500
35.500
80,000
111,500
80,600
*285,000

P k ila d etp h ia .---------B ond
U nlisted
sh ares.
ta les.
10.440
• 190,800
51,100
101,175
84.703
108.800
90,891
Ufl.S#0
94,014
887,880
181,175
34,071
170 387

$900 036

Railroad and M isccllancons Stocks.—Under various con­
ditions the stock market has been decidedly irregular.
Transactions at the Exchange still further diminished, av­
eraging about 530,OtO sbarte per day. The anthracite coal
croup and New York City traction stocks were conspicuous
for activity. The former advanced from 3 to 10 points; the
latter were erratic, in some cases fluctuating over a range o f
20 points. Many of the granger shares were less prominent
than usual and the lack o f interest resulted in lower quota­
tions. Pennsylvania advanced 4 points in sympathy with
other coal-carriers. Chicago Indianapolis & Louisville pre­
ferred advanced over 5 points on rumors of an increased
dividend rate. Owing to irregularity, as noted above, the
highest quotations of the week have not been maintained in
all cases.
The Industrial stocks were heavily dealt in, American
Sngar Refining taking the lead in this particular. The an­
nouncement ot a quarterly dividend of 3 per cent was a dis­
appointment to some operators, who had looked for an in­
crease of the regular rate, General Electric advanced 5
points on its favorable business ontlock. New York A ir
Brake sold up to 172. a gain of 22 points within the week.
American Steel & Wire issues were active and strong.

TH E

460

IV OL. L X V Ill.

C H R O N I C L E . — S T O C K P K IC E S (2 pages) PAGS

8 T O O K 8 —H IQ B B 8 T A N D L O W E ST 8A.LB P R I C E 8.
S a tu rd a y,
M arch 4.

M on d a y,
M arch 6.

•180
•14
16
8 9 * •36
•86
91*
89* 88*
60*
«1 H 68
70
79*
•71
58*
50*
58
77
7 7* 77*
0*
•9
• 8*
‘ 100 *
•106*
.
90*
91*
•30
•SO
34
76
•
.........
•100
•100
89*
•80* 90
57
67
56*
108* 110* 108*
47*
40* 49*
•190
•14

87
27*
•178 175
•108 . . . .
189*141*
67
67
195 195
1 5* 15*
9 1 * 91*
6 0 * 69*
36
36
•9
10
•43
44
187*129*
•169 170
147*149*
•198*196
117 118
•98
94
•170 175
1 8 * 14
39* 39*
58* 58*
•11* 1 9 *
•........ 4 3 *
•180
•6
6*
19*
•18
• 8*
7*
53* 53*
9 0 * 20*
16*
6*
•11*

12 *

22

22*

1 1 2 * 114
159 160

73* 73*
• 19* 2 0 *
•3*
4
•10* 11*
14* 14*
38
38*
•38
•78

20 *

39
80

22

W ednesday T hursday,
M arch 8.
M arch 9.

180
•14
•36
21
00*

1 8 0 .. ..
’180 . . . .
•14
16
•14
10
3 0 * 8 0 * • 36* 38
21* 22*
21 % 2 2 *
01% 62%
0 1 * 62*
73
•03* 7 1 * •71
57* 58*
57
57*
7 7 * 77%
»77% 77%
•9
10
•9
9*
10 0
10 0 *
94
96*
9 1 * 94
•30
34
•30
34
•74
70
........ 70
1
100 . . . .
89% 89%
89% 89%
58
58
57* 57*
1 1 0 * 113* 1 1 3 * 1 1 4 *
5 0 * 50%
48% 5 0 *

68

1
39*
21*
61*
68

50
60*
77
77
•9
»*
............. • 0 0 *
1
91*
90* 91*
3 1 * •30
81
70
70
......... •100 .......
89*
89* 89*
50*
5 0 * 50*
1 10 * 110 110*
49
47* 48*

2 6 * 2(1*
26* 96*
178 175 ►
178 175
198 .. ... •199 .........
1 3 7 *1 4 0
137*139*
67
67
•60
07
1125* 125* •
........ 125
15* 15*
1 5 * 1 5*
9 0* 90*
90
91
6 9* 69*
09* 09*
3 5 * 36
3 5 * 36
10 10* 9 * 10
45
49*
4 7 * 48
126* 128
126*127*
•169 170 5169* 1 0 9 *
147 147* 1 4 6 * 1 4 7 *
102 196 *191 196
1 1 5 *1 1 7
115*110*
•98
94
191
91
•170 175 *170 175
•IS
14
14
14*
38* 39*
38* 42*
$ 7* 58*
5 7* 57*
9 6 * 96*
90
97
•11*

12

•11* 12*

4 2 * 4 2 * ' ......... 4 3 *
1 8 4 * 1 8 4 * •180 .........

• 0*
7
•0 %
•53* 5 3 * •52* 5 3 *
2 0 * 20 *
20 * 20 *
• 5*
5%
§5*
0*
•11* 12* • 11 * 1 2 *
1 1 3 * 1 1 8 * 1 1 3 * 115%
160 167
108 109
21% 22 21 21 %
72* 73*
72* 72*
1 9 * 1 9 * •18* 20
4
4
4
•3%
•10
11
*10% 11
14*
l i * 39* •14
ii
•38
38*
38
i
■
.............. 21
20%
*88 * 38
***
•38
39
•77
80
•77
80
•21

20*

1 8 3 * 184*

10
89*
22*
61*
70
57*
77
9*

T u esd a y,
M arch 7 .

23

22

22

182

184

•20 *

20%

22

21*

* ....

2 0* 27*
2 7 * 28
1 7 3 *1 7 4
*172 174
■198 200
•197 ....
1 3 8 * 1 3 9 * 1 3 8 * 140%
6 0 * 67%
6 6* 66*
1 1 8 * 120
124 124
1 5 * 15%
15% 15%
90
90
9 1 * 91*
7 0 * 70*
09
09
35% 3 0 *
35% 30
8*
9
10 1
1
0
♦45* 47
*40
45
127% 128% 1 2 7 * 1 2 9 *
1 09 *1 0 9% 1 0 0 * 169*
147 1 4 7 * 147% 148
191 195
•191 196
110*117* 110*118*
92
93*
93* 93*
170 175
170 175
14% 16%
1 5 * 16%
4 4 * 10%
4 2 * 45%
5 7 * 57%
5 7 * 57*
*96
98
*11* 12% ♦11* 1 2 *
........ 43
........ 4 3 *
1
*178 . . . .
178 .........
•6
7
•18
19
•0% 7
♦6% 7 *
*53
5 3 * ♦52% 5 3 *
21* 21*
20 * 2 0 *
5%
5%
•5*
0
♦12
12 * ♦12
12*
114% 110% 1 1 5 * 1 1 0 *
1 06 % 1 6 8* 1 0 0 * 168%
22
21* 21% 22
73
73%
73
73
18% 1 9 *
19* 19*
§4 *
4*
*4%
4*
1 0 * 1 0 * •10* 11
1 4 * 14%
14% 1 4 *
38% 4 0 *
39% 40%
21
21*
21
21
§37% 37% •37% 3 8 *
•77
80
*77
80
22* 22 *
♦21
22 *
21 * 22
183 184

114*
•100
510*
45
13*
15
•4
•15
•35

115
....
10*
45
13*
15*
5
17
50

114
100
10%
44
13
14%
*4
•15
•35

181*

21 %

20

185

180*

58

181

58*

114
1 1 5 * 1 1 5 * 1 14 % 1 1 5*
114% 115
........ •100 ........ *100
♦100 ........
11
10%
10 * 10 * ♦10
10 % 10 %
45
44* 44*
45% 45%
40
46
13
•12* 13
1 3 * •12
13
13%
1 4* 14*
14% 515* 1 5 *
14* 14*
5
■4
*
5
♦4
5
•4
5
17
•15
17
•15
17
•15
17
50
50
•35
•35
50
*35
50

....

10

§19
05*
200

20
05*

19

202% ♦200

7 3* 73*
63
04
109% 111*
235*238
0*
1*

• 73*
03
109%
235
0*
6*
•1%
1*

•53
54
52*
•99 100
•99
•85
87
§80
•18
20
•18
•13
14
13*
39* 39*
37*
46
46*
44%
37* 87*
37*
•179 180* •179

53
53
99% •99
*84
80
•8
1
20
13*
13*
38*
37%
44*
45*
37*
37
1 80 * •179

•05
34

75
34

19
• 18 * 20
1 8 * 20
66* 66*
65% 05%
60*
202 % ■200 20 4% ♦200 2 0 2 %
74
76
76
75% 75%
63% 04%
63%
0 3* 04*
1 1 0 * 1 10 * 111
109%
237
2 3 0 * 2 3 9 * 240 III*
0*
♦ 0*
0*
♦6*
1%
11* 1* •1%
53*
100
86

20

13*
38%'
45*
87*
1 80 *

53
♦99
♦85
19
13%
38
45%
37*
179

184 1 35 * 134* 185% 185
15
14
1 4 * 14% •14
♦05
65
05
♦05
75
•84
30
•33
•83
34

.180 ___ •180
.207 210 §200
2 6* 27*
20*
•70
75
•70
•18
1 8 * •18
65
65*
04%
51*
79
n s s?* 78

53*
53% 54
100
•99
99%
87
86
19*
20
147* 14% 14%
39%
3 8 * 39*
40*
46
46%
37%
37% 39
1 80 * •179 1 80 *
130
14
75
30

135 1 3 5 *
•18* 15
•00
75
•83
30

•130
•180
....
180
206 1206* § 2 0 0 * 2 0 0 * •205
207
2 0 * 26%
27
27
28%
27%
•70
•70
•70
75
75
75
1 7 * 18
♦17* 1 8 * •17*
19
04
04%
0 4 * 05
64*
05
51
51*
52
5 1* 52*
61%
78
76%
78% 7 9 *
78*
78*

• These are bid and asked prloes; no sales on this day.

OUTSIDE S EC U R ITIE S (G i v e n
S treet R a ilw a y s .
NHW YORK CITY.
B‘*eok St A Ful F—Stock.
1st mort 7s 1900.,.JAJ
B way A th Ave—Stock,
lstm o r 5s 1904...JAD
Sdm or 5s 1 914.... JAJ
Con 5s 1948—See Stock
B’wavBu- 1st 5sgu. 1924
3d 5s Int as rental. 1905
Central Crosstown—Stock
1st M 6s 1922.......MAN
C stfP k N A B Rhr—Stock
Consol ?• 1902...... JAD

Bid.

Ask.

88*
103 104
220 225
$107 109
»1 5 X U 7X
Kxcb 1 1st.
f i u x 116X
$105 100
250 270
$119
185 105
$111 118

.. ..,
209
28%
75
18*
04%
52*
79*

F r id a y ,
M arch 10.

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

R a ilr o a d S to ck * .
A lbany A Susquehanna.
fA n n A rbor......................
Do
pref
Atch. Topeka & Santa Fe.
Do
pref
L)alt.AO.,tr.rec.all InB.pd
1 > Do new, when Issued
Do pref.. when issued.
Balt. & 0 . 8. W . p f„ tr. reo.
Boat. & N. Y. A ir L.. pref.
•100*
S5H 9<M Brooklyn Rapid T ransit...
34 Buffalo Rooh. A Pittsburg
♦30
Do
pref
•74
70
Bari. Cedar Rapids A N o ..
•100
x8 ?X 87)4 lanadian Pacific.......
Canada S outhern....
•56« 58
112 113 Central o f New Jersey
50)4 Central Pacific.............
50
Do 1st pref. (when lss.)
27H 2714 Chesapeake & O h io.. . . . . .
n 72 172 Chicago & A lton ...............
Do
pref
•198 200
138%139% Chicago Burl. & Quincy..
6 7 * 07-54 Chicago & KaBt. Illinois...
*......... 125
Do
pref
1BH 15)4 Chicago Great W estern...
Do 4 p.c. debentures
91
91
Do 5 p.c. pref. “ A ” .
60 K 71
Do 4 p.c. pref. “ B ” .
35 H 3551
0)4 Chic. Indlanap. & Loulsv.
•m
Do
pref
•40
45
1 2 7 * 1 2 7 * Chicago Milw. A 8t. Paul.
Do
pref
109*109*
147W 147M Chicago & North Western.
Do
pref.
•190 195
n e w H 7H Chicago Rock Isl. & Pac..
01H » ■ « Chic. St. P. Minn. A Om...
Do
pref.
*170 175
15)4 17)4 Chic.Terminal Transfer..
Do
pref
44
46),
36M 66)4 Clev. Cin. Chic. & St. L —
Do
pref
*11)4 1274 Clev. Lorain A Wheeling.
*
Do
pref
43)4
Cleveland & Plttsb., guar
♦180
7 Colorado Mid., vot. tr. ctfs.
*0
Do pref. vot. tr. ctfs.
*17)4 19
•7
7 * Col. & Sou. (when issued).
Do
1st pref. (w. 1.).
5 3 * 53)4
Do
2d pref. (w. 1.)
21)4 22
6 Col. H .V . & T.J.P.M.otfs.H
*5 *
•12
12)4
Do pref.J. P. M. ctfs.^
Pielaw are A H udson.......
115 110
J -'e l. Lack. & W estern ...
105%106
2VA 22 Denver & Rio Grande. ...
Do
pref.
72)4 72)4
Des Moines A Ft. D od ge..
4 Dul. So. Shore A A tl........
• s«
Do
pref.
*10)6 11
14
§14
Do
1st pref.
189* 3054 E rle•
Do
2d pref.
21),
•S7H 38)4 Hvansv. & Terre Haute ..
Do
pref
78
•77
71int & Pere Marquette..
Do
pref.
•180
•14
•36*
21*
01
•70
58

10
30
22)4
01%
73
58
77*

H r?

N e w Y o r k S t o c k E x c h a n g e — A D a ily , W e e k l y a n d Y e a r l y R e c o r d .
R a n g e f a r y e a r 1899.
On b asis o f ico-sh’ r e lots

IM
38,231
175,751
350
4,920
720

1 4 * Jan
3 0 * Mar
18 Jan
50%Jan
6 0 * Jan
53*Jan
75% Jan
8 *F eb

159,420

77% Jan

74 Jan
100 Jan
8 4 * Jan
54 Jan
97 Jan
41 Jan
l01%Mar
18,08* 2 4 * Jan
3 5 1 108 Jan
§192 Jan
145,9U 124* Jan
l,25i 59% Jan
350 112%Jan
8,635 15 Jan
800 83%Jan
t,18( 50%Jan
2,70( 2 9*J a n
1,115
7% Jan
1,241 31 Jan
128,705 l2 0*J a n
1,195 l60%Jan
4,824 l4 1 * J a n
1< L88 Jan
42,072 113 Jan
1,035 91 Feb
170 Jan
18,070
7*Jan
20,410 30*Jan
3,840 4 2 * Jan
1,040 95 Jan
il% F e b
200 41 Jan
100 L84%Mar
7 Feb
1 9 * Jan
0*F eb
300 49*Jan
1,230 18%Jan
1,095 $ 2 * Jan
........
* 7 * Jan
12,445 1 00 * Jan
18,125 157 Jan
6,050 18*Jan
4,900 08*Jan
710 18% Mar
310
3*F eb
100
7%Jan
1,825 13% Jan
11,112 37*Jan
2,260 19 Jan
125 37*M ar
70 Jan
100 17 Jan
4 3 * Jan
21 Feb
5,420 14 Feb
26)4 28M
5,028 142*Jan
reat Northern, p r e f....
186 180
reen Bay A W estern ...
id 4 9 * Jan
Do debt certfa. “ A ”
5
Do debt certfs. “ B
5 * Jan
0
6
3,405 1 13 * Mar
lllnols Central.................
114% 115
100 Jan
Do leased line, 4 p. c.
*100
890 10*M ar
10* 1054
1,270 4 2% Jan
•45
40
Do
pref.
1,977
7%Jan
*13
anawha & Mlohigan...
13)4
1,100 12 *J an
an. City Pitts. & G u lf..
15
15
*4
5 Jan
5
15 Mar
*15
17
Do
pref.
32 Jan
50 Keokuk & W estern.. . . . . . .
*35
2 Jan
Kingston & Pem broke... .
175 15 Jan
ake Brie A W estern ....
•19
1974
1,270 00 Jan
Do
pref.
6 5 * 66
190*Jan
*200 202
3,100 58*J a n
7 5 * 77
19,709 63 Mar
8 3 * B3H
anhattan Elev., consol. 10,130 97 Jan
109% 110*
etropolitan S treet.. . . . 05,811 187% Jan
249 250
900
6 Jan
6)4 Mexican Central.................
m
150
1 Jan
*194
154
Michigan Central.
112 Jan
3,000 35*Jan
53)4 53)4
97%Jan
Do
1st pref.
215 73*Jan
Do
2d pref.
300
8% Jan
♦18
20
4,030 13 Jan
•13
1874
8,870 3 0*F eb
38
pref.
39)4
33,810 4 3*F eh
40
46)4
39
39
2,585 32 Jan
44 170 Jan
§180 180
ash. Chat. & St. Louis..
Y. Central A Hudson.. 17,430 121% Jan
1 3 4 *1 3 5
400 14 Jan
*13)4 14 N. Y. Chicago A St. Louis.
200 65 Mar
Do
1st pref.
*00
75
36
100 34 Jan
Do
2d pref.
•33
§380 380 New York A Harlem ........
33 §300 Jan
N Y. Lack. A W e ste rn ....
*130
129*Jan
♦203 207 N. Y. New Haven A Hart.
w 250 §198 Jan
2794 98)4 N. Y. Ontario A W estern .. 122,40» 18% Jan
•70
75 Norfolk A Southern,
540 1 7 * Jan
18)4 18)4 Norfolk A W estern .,
Do
pref.
04
6454
0,745 01%Jan
51)4 62)4 Nor. Pac. Ry., vot. tr. ctfs. 3 s,392 4 2% Jan
11,5841 70%Jan
Do
oref.
78)4 79

C

L

K

L

M

N

I Less than 100 shares,

S tre e t R a ilw a y s .
Chriat’ p’r A 10th 8t-Stook
Col A 9th A ve 5s-See Stock
Dry D B B A Bat—Stock..
1st gold 5s 103 2 ... JAD
Scrip 5s 1915.........FAA
Eighth Avenue—8took ...
Scrip 6s 1914............... .
42d A Gr St F e r-S to ck ...
42d St Man A St N A v e ..
1st mort 0s 1 01 0 ..MAS
2d inoome 6s 1915.JAJ
Lex A vA Pav F 5s-Se« Stk
Metropolitan—See Stock

2,57
2,140
34,89
41,802

G

a t foot of

t Bx dlv. and rights.

H igh est.

L ow est.

L o tcest.

H igh est.

1183 Jan 180 Feb
14 11 Apr 15 Feb
14 34 Jan 4 0*F eb
23 1 0 * A p r 19*D eo
23 22%Mar 52%Deo
20 *12%Jan 72%Deo
24 31 Oct 58*D eo
27 08 Oct 79*D eo
27
4*N ov
9%Deo
§105 Mar 106% Oct
3 9 7 * F e b *20 35 Mar 7 8 *D eo
15 35 F eo 4 25 Mar 34 8ep
3 78 Jan 14 62 May 7 0 * 8 e p
11 110 Jan 31 §05 Mar 89 Deo
2C 90%Feb 24 72 Apr 9 0 * Jan
5 70 Jan 23 4 4 * Mar 58 Deo
3 l l 4 * Mar 9 8 3 *O ct 99 Deo
5 55%Feb 18 11 Apr 44*D eo
2 102 Mar 2
5 3 1 * F e b 2 17*M ar 26%Deo
14 174*M ar 2 §150 Mar 172 Deo
3 §199 Feb 10 §160 Mar §177*D*0
7 14 9 * Feb 18 85%Mar 125 *D eo
4 68%Feb 20 49 Apr 00 J ’ne
£ L25 Mar 2 102 Jan 1 13*F eb
21 20%Jan 23
9 *F eb 18 Aug
3 93% Feb 15 7 1 * J ’ly 85 Deo
5 7 3 * F e b 24 28 Mar 54 Dec
18 37 Feb 28 20 Apr 32 Nov
7 Feb 11 J’ly
0 1 l% F eo 14
4 48 Mar 7 23 Apr 3 8 * J ’ly
8 3 * A p r 120%Deo
3 133%Feb 2(
3 170 Feb 21 140 Apr 1 00 *D ec
4 152*Jan 23 ll3 * M a r 1 43 *D ec
19 193 Feb 18 168 Jan 1 91 *N ov
7 12 2 * Jan 27 80 Mar H 4 * D e o
8 100*Jan 20 05 Mar 94 Dec
10 1 .*+ Jan 21 1148 Jan 170 Nov
7
7 l7 * M a r 10
4 * Jan
9%Mar
S 40%Mar 9 2 2 * Jap 3 7 * A u g
4 02 Feb 2 25 Mar 4 7 * A u g
4 102%Jan 20 77*M ar 97 Dec
1 16%Jan 20 ll * M a r 1 9 * Jan
20 4 4 *J a n 5 43 Nov 5 3*S ep
0 184%Mar 0 170 J ’ne §174 Aug
e 9 Jan 9 5 * J ’ne 9 Deo
0 22%Jan 9 14 J’ne 20%Dec
8 * Jan 0
9
0%Nov
8%Dec
3 5 7*J a n 0 43%Nov 50%Deo
s 24*J a n 0 14% Nov 20 Deo
8*F eb
6 * F e b 23
2*N ov
0
27 *15 Jan 4 1 2*D ec 25 Feb
3 117%Jan 24 93 Nov 1 14*F eb
7 109 Mar 7 140 Oct 159 Feb
7 24%Feb 4 10 Apr 2 1 * D e c
11 76%Feb 2 40 Apr 71%Deo
8*A pr 23*D ec
8 2 3 * Jan 3
3 * Dec
2%Aug
1
4 * F e b 15
5 Apr
8%Aug
30 ll% F e b 16
0 1 6 * Jan 19 11 Apr 1 6*F eb
5 42 Jan 24 2 9 * A p r 43%Feb
4 22*J a n 30 15*A p r 21%Feb
2 4 1*J a n 3 22 May 41%Dec
7 80 Mar 1 40 Jan 7 2 * D e e
4 28 Jan 30 10 Mar 18% Nov
3 4 8 * Jan 12 30 Aug 49 Nov
23 25 Jan 5 §15 Nov 28 Mar
1 28%Mar 10 10 May 17*D ec
0 190 Feb 4 +122 J ’ly 180 J’ne
§30 Jan 3 2 * Feb
4 0 * J ’ne 5 0 *N ov
5 0 1 * Jan 31
7*D eo
9 Jan 20
3 * J ’ly
9
3 122 Jan 23 96 Apr 115%Dec
4 100 Jan 4 §94 Feb §101 Nov
7*M a r l l * D e c
7 13 Jan 10
3 51*FeD 15 25 Apr 4 2 *D eo
8 Dec
5%Oct
13 1 3 * Jan 18
19 18 Jan 6 15 Apr 2 5 * D e c
3 Jan
5 * J’ne
5*F eb 1
«
2 17%Jan 20 15 May 1 8 * J ’ne
25 32 Jan 25 30 J’ ne 84 Jan
5 Nov
2 May
0 Jan 30
20
10 22*Jan 27 12 Oct 2 3 * A u g
10 75 Jan 27 53 Oct 83 Aug
5 208 Jan 24 170%Jan 215 Dec
5 8 4 * F e b 2 40 Jan 5 9 * A u g
0 00 Jan 27 44 Apr 6 5 * D e c
4 1 1 8 * Jan 20 90 Oct 120*Jan
11 256 Mar 10 125*M ar 194%Dec
7*D eo
4 * J’ne
7%Jan 20
7
%Deo
l* M a y
l% Jan 19
0
13 116 Jan 24 99*M ar 118 Dec
0 5 4*F eb 23 24 Mar 38%Dec
9 99%Feb 23 84 May 100 Deo
7 90 Feb 23 46 Mar 7 8 * D e c
7 Mar
0 *M a r
24 19*M ar 8
2o 1 4 * Jan 30 10 Apr 1 4 * Jan
8 4 1 * F e b 20 28%Mar 41 Jan
8 4 9 * Jan 24 22 Mar 4 0 * D e c
3 43 Feb 1 24 Nov 3 2 * Feb
3 180 Jan 20 §107*Jan $180 Dec
60 J’ne § 7 2 *N ov
3 141 Jan 23, 105 Mar 124*D eo
5 19%Jan 23 ll% M a r 15% Jan
7 79 Jan 23 73 Feb 70 Jan
5 41 Jan 23 28 Mar 40*Jan
25 §381 Mar 2 §320 Jan §852 Oct
27 1 30*F eb 27 §120 Apr §128 Nov
19 211 Feb 2 §178*Jan 201 Deo
3 28% Mar 9 13%Apr 19*D eo
00 NOV 65 Jan
0 20%Feb 2 l l * A p r 19%Dec
0 7 1 * F e b 2 42*M ar 68*D eo
7 5 5*F eb 10 19 Feb 44*D eo
7 8 1 * Jan 20 56*M ar 79% 8ep
3
8
7
7
5
5
5
3

1 7 * Jan
40 Jan
24*F eb
67 Feb
7 4 * Jan
60 Feb
79*Jan
9%Jan

* B efore payment o f aasmt.

7 c o n s e c u t iv e p a g e s ) .— STREET

Bid. Ask.
S tre e t R a ilw a y s .
Bid. Ask.
Ninth A venue—S tock.. . . 100 180
170
175Second Avenue—Stock.. . 193 200
Exch 1 1st.
1st mort 5s 1909. .MAN $109 110
175 190
$114 116
Consol. 5s, 1948...FAA $119* 120
5 i o 8 « 105 . 8ixth A venue—Stock....... 200 220
385 400
Sou Boulev 5s 1 945..JAJ $112 114
8o Per 1st 5s 1 91 9 ..AAO $110* 112*
108
375 380
Third A venue—See 8tock Exch 1 1st.
28th A 2 9 th S tslB t5 s..’ 90 $114 116
80
83
$117 118* Twenty-Third St^Stock. 390 420
108
Deb 5s 1900............JAJ 100
98
98*
Union Railway— to ck ... 190 200
-S
Exch 1 1st.
Union R y 1st 5s ’ 42.FAAr$113 116
Exch 1 1st.

R a n g e f o r 'previ­
o u s y e a r ( 1 898>.

? 1st instal. paid.

RAILWAYS, dec.

S tre e t R a ilw a y s .
W estchest 1st 5s ’ 43.. JAJ
BROOKLYN.
Atlan. A ve., 1st 5s.. A AO
Con 5 b g 1 9 8 1 .......AAO
Impt 5s g 1984.......JAJ
B. B. AW.B. 5s 1933. AAO
Brooklyn City—S to c k ....
Consol 5s 1941.......JAJ
BklynCrosstn5s 1908. JAJ
Brooklyn Elevated (new
Pref (n ew ).............
B o n d s(n ew )...................
BkinHgtslst 6gl941 AAO

Bid.
$110

Ask.
114

$107 109
$112 113
98
95
90
244 245
117
105
3 0 * *31
05
5 9 7 * 90
104

*H
JK CHRCNICLE.—STOCK PEIOES (2 pages) PAes 2,

M ar 11 1899.

bto o k s- h iq h s s t a n d

S a tu rd a y, M onday,
M a rch A
M arch 6

Tuesday,
M a rch 7.

low est sa le

p

&i q

W ednesday T h u rsd a y,
M a rch 8 .
M a rch 9.

bs

.
STOCKS.
W. Y . S T O C K E X C H .

F rid a y ,
M a rch 10.

•
45
75
*70
42
u s « 43*
40
49
*48
42
*40
90 , *88
90
00
♦88
60 ! *63
♦04
aa
87
1 3 2 * 1 3 3 * 133* 13S5# L34
5*
*4
•4
5*
5i#
58*
58># 5 S * 52
58
85 *......... 84
84
•81
♦178
8»#
Si#
8*
Si#
24
2 4 * 25
24
25
64*
05
86i#
87H
3 5*; 35
36* : 3 5*
30
38 1 *30
38
33
78 j <75H 70
T5S#
•iiu>#
5
•5
5*
5X#
S
46
47
47
*47
48*
14
1 4 * * 1 2 * 14
*13
1 1 * *1 1 * 1 1 *
1 1 * 11 *
170
70
69*
71
71
37*
38*
38
38*i 38
9*
. &H 8*1
JH ;
27*: 2 7 * 28*
27* 28*
43
39
39
40
40
100 i*104 106 •104 106
33
33* 3 4 *
34* 35*
12 *
12
•“ ' 1 2 *
—
12* 12*
48*
4 0 * 49
4 8 * 49
2 8 * 24*
2 3 * 24
24
207 215
200
203 203
•20
25
35
•20
15
49
•89
49
•39
49
6 9 *; 69
08* 7 0*
69
140
139*139*
140 140
40*
#»#< 4 6 * 4 6 *
79*
n s 7»i# 78 7 9 *
12
12
•12
M#i I8l*
6*
11##
22
22*
»1X< a

46i

R a n g e f o r y e a r 1 89 9 .
R ange fo r p re­
Sates
o f the O n b a siso fro o -sh fr e lots v io u s y e a r (1 8 9 8 ),
Week.
LoioesL
H igh est.
L ow est. H igh est.
Shares

46 Feb 21
Q r.E R .4 N.Oo.vot.tr.cfa.
71 Jan 5
Do pref., vot. tr. ctfs.
70 41 Feb 8
Oregon Short L i n e . . . . . . . .
180 45 Jan 7
48
48 'D aclflo Coast Oo........
*48
•48
40
*88
90 A Do 1st pref.................
85 Jan 5
•89
90
•88
63
63
130 63 Mar 10
•63
•64
88
Do 2d p r e f .. ,.........
1 3 2 * 1 3 2 * Pennsylvania........
61,211 123*Jan 5
130 1 3 1 * 130
•4
150
4*Jan 7
5
5
5 * Peoria A E astern... . . . . . . .
5,510 57 Mar 0
57
61*
5 7 * 57*1 p ttu b. Cln. Chic. A St. L . .
5TH
920 80 Feb 10
83
8 3 * •MS*
*81
83
Do
pref.
180 Jan 10 i
■178
178
*478 ....... . pitts. Ft. W. A Ch.. g u ar..
400
5*J*ne
8 Jan 24
‘ *3*
*8*
9 * pittsb. A West., pref.........
i5 * a r
2 4 * 2 4 * T ) eadlng, voting tr. c t f s .. 60,187 20*F©b 8
23* 2 4 *
93«
82* 23*
0 5 * 07 XV 1st pref., vot. tx ctfs. 257,707 5 1 * Jan 7
6 3 * 65*
osh
63
01*
3 5 * 8fl
84*
»:3* 3 4 *
3 3 * 3iX*
2d pref., voting tr c t fs .. 104,980 2 0 * Jan 7
*30
37 Rio Grande A W estern.. . .
*30
100 2 5 * Jan 4
• 30* 38
H8
*86
1,176 06 Jan 3
75
75
70
70
76*
75* 75*
Do
prof.
U 2S*Jan 4 !
•129
Rom® Watertown A O g d ..
1 2 fr * ......... •129
5
5
5 Jan 3
700
•5
t .J .A G . IaL vot.tr. ota.
SH
»<
*47
48*
45
390 40 Mar 7
ISO
50
1st pref
Do
13
13
1 3 * 1 3 * •1*5#
Do
2d pref. 200 13 Mar 10
1,494
8*Jan 6
1 1 * 1 1* Su L. A 8. Ft., you tr. ctfs.
11*
11* 11*
u « llx .
170* 7 0 *
69*
171* 7 1 *
♦71
74
Do
1stpref. 400 06 Jan 9
37*
3,09 ^ 33*J a n 0
3 7 * 38
39
Do
2dpref.
•38
9
y * 34 LotU* Southwestern.. .
0,345
fi*Jan 4
8*
9
»>*
m
28
28*
38* 27*
26*
Do
pref. 13,385 17 Jan S
STM
•40
41 8t- Fa at A D alath.............
*3 9 *
400 30 Jan 5
40 9S*Jan 5 !
*104 106
•104
Do
pref.
1104 104
40,332 3 8 * M a r 0
32*
3 2* 33*
3 4 * 3 5 * Southern Pacific C o........
3 3 * 34*
1 2 * 12*
12
1 2 * 1 2 * Southern, voting tr. ctfs.. 16,008 10*Jan 5
1 3* 13*
10,990 4 OtsJan 4
47* 43*
47*
47*
48*
Do pref-, vot. tr. ctfs
4 8 * 48*
17,325 17*Jan 5
33* 24*
23*
2 3 * 2 4 * r I ’•eras A P a c ific .......
24
24*
13,359 167 Jan U S
195
316 222
1 hlrd A venue (N. Y.).
3 1 2* 21-** 206 214
*20
30 Jan 21
•20
35
•30
33
•33
24 Toledo A Ohio Central. . . .
“ T 6 35 Jan 25
•89
•39
49
W O*
40*
do
pref.
•S3
43
5,902 38 Jan 3
68*
70
70 * t win City Rapid Tranatt..
83
83*
08* 09*
500 118 Jan W ]
140
1 4 0 * 140*
Do
pref.
•140 143
45*
4 5 * 4 6 * f TqIoq pacific R jr............ 51,330 4 l* J a n 7
4 6 * 47* *45* *46*
70* 79*
78*
7 7 * 79
U
Do
...p re f. 81,032 72*J a n 6
7 8 * SO
3,183 l l * M » r H
12
12
12
•13
1 3*
1 2 * 1 2 * [in .P .D .8 0 . tr. rec.2d pd.
340
•0*
0*
?*Jan 5
• 8*
• *
8
8*
»«
6*
8,880 2 1 * F o b 8
2V
2 1 * 23
21* 32*
W * s r ..........
a i*
West Chicago Street.........
1,420
5 *Ja n 3
Hi# Hi# 111* i i *
i i * 11*
l i i i U M W h e e l , 4 t h aas't pd.
U H 12
»1
U *i
33
3 2 * 82*| 13H# 3 »S ! $31* 81 * » 3 i * xiH •a*
409 27 Jan 34
•S3
33*
Do
pref. 4th do
100 5 8 * Jan 27
8Ui# •59* 80 i# •SU
6 0 * *59
Do 1st pfd. (when Us.)
« 0 * •sv
0 0 * 0 0 * •59
»«s#
2
2
2 Wisoon. Cent., rot. tr.ott*.
300
2
9 Mar 2
3 *Jan
2
%
•1*
2
•ii#
•ii#
■ W c e J la n ’ e S lo c lt a .
*1
110 115 • tia 117 1119 t w
1119 Kob25 497*A pr
1 1 6 * l t o * \ dams Szpreas.. . . . . . . . .
233 1103 Jan
•110 115
I U 4 * 110
34
35*
r,210 3 3 * Mar 6 38 Jan 81
15*M s*
35
8 4* 34*
•15* 3 7 * # m erican Cotton O IL ...
A
34* 35*
95*
9 4*
m i
•91
99
93
91
91
520 88*Jan 5 98 Fob 10 oo y ~
•91* 9 3 *
191
91
93
99
92
Do
pref.
50
SO
59
45
51*
5 0 * 51
49
50
50 American District T e l . . . ♦ 12,090 38 Jan 3 5 2*M ar 3 22 X
51
52*
1B9 143 ♦ u o
143
135 18H Jan 2 i 1145 Jan 3 1110 J in
1140 141
149 143 • w o * 143 •141 iiS
American Express... . . . . . .
8 1 * 82
80* 81*
81
31*
31
31*
8 1 * 82
81
3 1 * American M a ltin g ........j 0,530 29*Jan 18 37*Jan 24 24 J ‘Jy
8 4 * J 8 9 * 08
8 2 * 04
Do
pref
8,457 82 Jan 19 S ?*J a n 20 7 6 * 4 1 y
84
84ft
83* 83*
6 3 * 84
13*
It
0 *Jan
1 3 * l l i*
1414 1 5*' American Spill is M fg. . . . . I 34,788 1 2 * Mar l 1 5 * M a rlO
13* U
14
14*
18*
87 » ae
89
89
41 ;
do
pref. 11,772 StHFeb 28 41 Mar 10 10 Mar
8 8 * 38*
39
39*
39
39*
6
04*
61* 68*
62
63*
62
02*! 0 3 * 6 3 *
0 3 * 84
0 8 * « 4 * Amer. Steel A Wire loew )[l31,87v 45 Feb 8 6 4 * Fob 27
“
42,297 9 2 * F e b 8 1 0 5 * Mar 4
1 0 1 * 1 0 5 * 1 0 4 * 105
1 0 2 * 1 0 3 * 1 03 * 104* 1 0 3 * 1 01 * 104 104*;
Do
pref
1 8 7 * 1 3 9 * ' 1 3 7 * 1 8 9 * 1 188 1 3 9 * J87 1 4 3 * 1 4 2 * 1 44*! U l * I4 3 *j American Sugar Refining. 9 19,*7i 193*Jan 4 M 4 *M a r 9 107*Mar 14'UiAug
850 U 0 Jan 10 n 0 Mar 9 103 Mar 110 Jan
1 1 4 * 1 1 4 * 1 1 1 5 * 1 1 3 * 115*116
U3
116
115 116 1115 115
Do
pref.
1100 100
•99 101
199* tOO* *99 1 0 0 *1 1 0 0 100 1100 ' 100
187 IMS J an 4 U 08 Jan 2 m 188 Mar 198*l> oc
American Teleg. A Cable.
40
43
89
40
0 9 * 4 “ *" 40
4 ft* 4 l * i American Tin Plate . . . . . . 26,0 It 3 7 * F e b 13 4 4 * F «b 2
"
t0
41
<1* 43*
193* 9 3 *:
Bl
93
94
1,425 93 Feb 17 9 9 * Feb 8
9 4 * 95
1 93 * 9 5 *
95
96* j
Do
pref.
193 ' 190
90,660 13 i * Feb 17 1 9 5 *
1 9 4 * IP S* 193 198
194 1 9 5 * 1 9 3 * 1 9 6 * 194 1 9 8 * American T o b a c c o ,....,,
4 8 3 * Jan
1 49 * 150
147 147
147 150
149 149 *147 149 1 * 48 *- *
1,873 182 Jan 4 150 Mar 0 112*M
1
140*1
Do
pref
10214 108 • 10 1 *1 03
102 103
1.143 95 Jan 0 108 Mar 4
•102* 108 _____ _____, 108
*102* 103
10S
Do
dividend scrip.
4*
4*
4 Mar 2
4*
4*
4*
4*
4* 4*
4* 5*
4 * 4*
n 4y State Gas................. . 37,031
8 * Jau H,
152*158
153 158 **1 5 1
138
153 156
156 1 57 * 156 150
O rooklyn Union G as.. . . .
4.084,189 Jan 3 157*M ar ^
1 14
•13
15
14 14 4
|14 * 1 4*
is 1 3 *
1 8 * 1 3 * *13
14 ! Brunsw. D o c k * C. ImpvL
900, 13 Mar 6 17*Jan 31!
8 2 * 3 2 * ! 33
88*
32
82*
3 2 * 33** 3 8 * 3 3 *
3 3 * * 4 * / loioredo Fuai A Iro n .. 4 , 2 3 5 ! 8 0 * F e b 0 37*Jan 9!
n *
«
7*
*0*
7*
*0*
'*
“*
7*
8
10
H* 9 * * loi. A Hock. Coal A Iren
7,500 0 * Feb 15 10 Mar 9
*15 418
18.453 189 Jan 12 222 Feb 24
S l# W *iei# i 8 1 8 * * 1 *
i l ? MX
417 4 1 » « 4 !» H S40H C <K »oH d*t«SO« (N. r .)
«n < 474,
2,458 4 4* J an 17 5 0 * Jan 31!
♦ V * ,7 H ! 4.7H « « ! *7
47 ; # 7 * .TV*!
* «H <7ICOMOUAMrtlM................ .
80
•98S# 97
•45
» « ; •*»
»8 i» .» 5 M8W *45
»8i# U .7., 471*
(*>
95 Feb rtf
1,070 190 Jan 4 199 Jan 20!
•1941, 19344 I W 4 I W |
19#* tHJi# !U (
........ 198*
'• •
1 9 8 * • • • Kdison Klect. HL (Jf. T .!,.
5 1 * 3 2 * T-vieral Steen when is*.l 71,009, 4 0*F eb h 55*J a n 10
S»H M#t 5‘J*»
5 iH SIM 54V,
5VH S i <4
51*4 53
8«
S9W *TH **$# H7
57X4 *7*4 8»S#i S*
»«St
88
60>v r Oo
9 ref.
do
35,372 H2*Jan 7 90 Feb as
11* 117*4 117 120
ia.t'851 9 5 *J a n 8 120*M ar 7'
U 'H I4 u*4 11^X4 119*4 ilM »#U lrti 1 1 7 * 11H* General Electric
*7*4 *7*4 8 9 * I**H 8SX# 5 5 . <15*4 «S
.
6 7 * 0 7 * Glucose Sugar Refining ..
3,714 6 5 * M * r 0 7 4 *J a n 2fl!
<*1X4 *8
«10S*4 108*4 *107 108 i 107*4 1074, 107*4 107*4 107*4 107*4 1 0 7 * 1 0 7 *
Do
^
pref.
4 45 107 Feb 15 10 Jau '4
1fiA ’ in® ' ’ ! !0 6 1O 6 * 106 h inaw 10644 t nr *1 u on ,* 107 m ' 1 0 0 * 1 00 * If. B. Oafiln Co.........'
IM
HL
i
.7
1 0 6 10« |
10
106*
107
l
97 Jan 3 10tt*Feb 1
8 7* 50*' 50* 50*
57
57*
54* 57*
54
55*
64
5 4 * J nUreaUonal Paper...... 1 19,442 , 54*M ar 8 6 8 * Jan 28
. ...........................................
.
87
87
8 7 * 8-*
87
S7*
00
87
88
H0*
“
- 1 4.001 f
40
00*| 1
1 I>o
pref-1 * 1*M 06 ‘Mar H 95 Jan 5
3 1 * 33*| S t * 3 2 *
31
31*
8 0 * 8I*| 3 0 * 8 1 *
3 0 * 30H IntemaUnoal S ilv e r
| 10,850 3 0 * Feb
2 80 Fob 2T
an
-«
<*" j |59|f 594J 61
8 1 * 6 1 * 8 0 * 01*|
00
00
80
6 1 * ICnlckerbociter loe <Cfelc.l
1,090; 53 Jan 16 0 8 * Feb S3 5 4 * Doc
n oti 80%
*79
S3 1 181
81
81
875; 7 4 * Jan 23 84 Fob 17 81 Dec
181* 8 1 * •01
88 I
Do
pref.
59
5 1 * 5 3 * ♦51* 53
81
5 1 * •51
♦51* 53
1.235; 61 Mar 4 5 7 * Jan 9 8 7 * Mar
5 1 * 52 T aclede Gas (St, Louie).
$97
•97 100
97
97 i 97
870 96 Jan 26 99 Jan »8 85 Mar
♦95 100
95
194
193
98 A j Do
pref.
47
49
4 7 * 4 7*
4V * 4 9 *
4 7 * 48
49
4,971 47 Mar fl 62 Jan 21 3 0 * A a «
49
5 o * \ r atlonal B iscu it.. . . . . . .
48
1 0 4 ------- M03 104* |
4104** 1 0 4 * *103 1 0 4 * I t 0 4 * 1 0 4 * 1 04 * 1 0 4 * 1 0 1 *1 0 4
104 1 04 * i s Do
pref
880 103 Mar 1 107*Jan 19 9 4 * A u g :
34*
34
24
84
33* 84*
3 4 * 9 4 * National L ea d .................
8.154 ;i3 * Mar 1 4 0 * Jan 20 20*M ar
1 4 ' 34*
1 12 * 1 19 *
Do
pref
1,005 111 * J an 13 115 Jan 21 99 Apr
U S * i l l * 112*112*;
5
5 Mar 6
8 * Dec
8 * Jan 12
9*
................ |
Not. U nseed OU. tr. certfs
500
•5
6 }
''
•5
6 I ♦4* “ e “
3 * Nov
5 Jan 18
m F ob 0
*4*
6 |National S tarch.,........ .
......
00 l*
60
00
00 Mar
00
00 I ♦50
•50
60
Do
1st pref.
.........
•13
93 ; ■18
•la
18
as
•12
23 1 •i3
as
•IS
*3
Do
24 pref
......... “ao'*F eb Ve 28 Feb 9 12*O ct
•87
42*
43
4 2 * •W
•35
43 ! ♦37* 4 3 * • 37* 4 2 * 1
40 Jan 3 43 Jan 25 40 Oct
New Cent.Coal (new stoefc)
155 101
1 56 * 155 100
159
161 )' 160 102
1 6 1 * 178 Iff. T. Air Brake..................
9,756 112 Jan 8 172 Mar 10 14 Apr
9
»v#
4*Jan
0 * J a a 6 tO *F eb 2S
9
9
«*
8*
9
8*
8*
6 * North American C o. . . . . . .
4,805
a
*7
*7
•7
7*
7*
3*Jan
7 *M a r 8
~ Feb 3
Ontario Sliver..................... |
100
47
55 Jan 30 21 Apr
‘
4
m M i i7<<
v
I m7 * 49*;
i9
TJactflc M a ll..,........... .
27,460 4S*Jan
1 1 2 * 118
111 } u l « : » u
18*Jan 28 8rt*Mar
1U U *
i »*m . »ta u s x , u jv i u h :
u < H n a w l oop’ r . o « - i . * a ( c w < u . x,s7o i o * * j « u
»2 * 1
9 9 * 100*
MHl 100*
lo o j,!
100X4
»»H 100
# » ', » » « P hll*d*t,bt« Co......... .
1S.SS0 #0 Sot) *5 100* Mar 6
1159 109 •157 169 ; 1S7W157W 18SI S , U. H. .
IS7 1 »»
.
I«n
1 S «S 1 0 # « PoU lM n', P ^ * o » C « . , . ..i
03! 15fl Jan 30 t04 *J a n 4 x 13 j Nov !
1 6 7 * 10XX*! !R . 1-,.
!
ISO
•3
•9
8
3
•3
3 ; «'i
9
**
l* S e p
2 * J an 20
3 Jan 27
s
s / \aicfc*llrer M ining.. .V.,
10
*0
10
*6
•#
10 I •«
10
*7
5 J*ne
9 * F « b 97 11 Jan 9
•U
93
V * Do
pref.
10
29
♦21
23
23 |
19 * Dec
*9 i s * „ ttS i1 n
S3 S
< 9 3 * 2 4 * OtAOdard DUULADlstrib.
9,310 21 Jan 3 2 5 * Jan 1«
78
76
7 5 * 75W.
18H 7 5 * 751, 781,: ?<!:, t « H 1 S U 7S’
1,410 78*J a n 3 8 2 * Jan 10 rtO*Nov
7 6 * 76
O Do
pref.
Uu
&
a is
.A ii .I>
• 9 * 1 0*
9* O i
9*
9 * i in0 * in.T
3*Jan
1,
10*
8 * Jan 3 12 Jan 10
2*
t
H20
1 0 * 1 0 * Standard Rope A Twine ..
43
46
45
4 6 *! 4 5 * 4 5 *
17 Mar
« !#
46
4 7 * ' r* n n . Coal Iron A R R . . . 53,000 90 Jan 14 4 8 * Jan 27
40
40*
130 180 i 130 130
....
-.................... L Do
pref.
350 111 Jan 4 185 Jan 30 180 Aug j
1 3 * 14
• 13* 14* M 3 * 1 4 * $14
12 Jan 13 l5 * J a n 17
5 May
• 13 * 1 4 * Texas Pacific Land Trust..
50
-57
•55
*55
57
• 54 * 57
154* 50
--■
■56
57
I Tnlted Stain* B xprees.,
150 5 3 * Jan 5 00 Jan 12 88 Apr I
0i<
85#
0*
0*1
6*
5*A pr
8 Jan 28
0HMar 9
<?H
cited State* Leatbor ..
7.S70
6*
0*
0*
8S>H 71
0 9 * 7 0 *; 70
7044
7 0 * 71
Do
pref 11,422 69 Mar 2 75 Jan 80 ; 5 3 * Mar
71*
4 9 * 50
48
4 * * 49*! 49
*#i#
1 l*M n r
60
4 9 * 5t
United 3iates Rubber....... lO.fiOO 42 * Jan 5 5 4 * Feb 23
•115 110 !
Do
pref
525 111 Jan 3 130 Jan 9 00 Mar 1
1197 129 • E86 130 ?*125 120
‘125 128
I F l t l l , Fargo A C o .........
40 1125 Jan 10 !12ft*Jan 10 l l l2 * M y I
9 3 * »3i#
9 8 * 94
9 8 * 94 1 94
94*
8,8201 9 3*J a n 3 98*Jan 24 1 8 2*M a
9 3 * 93*| vv astern UnionTelag'tn

•......... 4*
•70
75
143?* 4 3 *
*48
40
•80
00
•64
87
181*131*
•5
5*
ao* ei
8 5* 85*
•178 .........

•70

• Bid w.d u M

45
75

•70

45
70

• .......
.........

45

pn<SM I no u lM oo th u d «r.

O U T S ID E S E C U R I T I E S
J M m tR a lb r e r e
B'kyn <jR*C<>,A8ab. U t 5a
Consol 5« not g u a r ......
Bklyn Rap.Tran--*See 8to
CaLCem Gr.Jt-BTiTnlst 0*
C?oey Island A Brooklyn.
1st 5* 1 9 0 4 ............J4fcJ
SseertfsIndbtlPlO JAJ
B^k C.4N ew 5« 39,JJtJ
r.8t-AN«w litSe'OOAJkO
> ‘ t A I-ortroer
1st 6s.
insrs Co. Bier at.—Stock
Incom es.... ..........
Bonds—3 m * .oflk Rxob.
■

Bid.
5110
84
ok J5x.
H IM
Vo 3
101
III#
lo t
10*
4
3
List-

I

(G iveut

thra 100 » h « M .

at foot of

Ask. ^ 8 t r e e l K a i l w a y s .
Bid.
na
Nassau Blec p re f..............
70
5s 1944.................... AAO 104
List
1st 4s 1940.......... .. ,JAJ
90
119* NawWmbgAFI lstex.4 *.« 138
275
NTAQu* Co 5s 1946. A4 0
105
Steinway UtAsl 933.JAJ 114
103
OTHBR CITIB9117
Bait Consol—Stock . . . . . .
106
Brldgep T r-l#t 5s '23,J*J •1 04 *
99*
Buffalo Street Ry—Stock
0
1st consol 5s 1931. FA A • 114
Deb 0s 1933 ........ MAN! 1 15
.........II Chicago CHy RR —Stock.. I 895

S

J Bx UlT. o f 109 (>. O In tiona*.
-

7

| o ld stock.

consecutive p a s b s ).—S I REET

Bid.
H trsst R a il w a y s .
Cltlsens’ 3t {Ind’nap)-.?*/ Phils
100
Cleveland City R
y ,
96
9i
Clevel Cab-1st 5s ’ 09. JAJ •105*
106
88
Cleveland Electric R y ...,
Con 5s 1913........ ,MA8 1107
70
110
Columbus (Ohio)—B lock.
Con 5s 1992-Nrs Phils List.
Croest'wn—1st 5 * ..,,,.,
Consol TracCn (N J )—8w Phlie.
Lake 8t (Ohio)Kiev-Stock
1 «*
U 5*|
deb 5s 1928........ ,J*J 4 84
Loulsv 8t R y—5 p c bonds «119
113
995 II Common...........
J 40

RAILWAYS, die

K tr e e t R a i l w a y s .
Ask.
L oa i«» 8( B r—Pr«forr«8.
list.
1 yn n& B os-lstS s’ ai.JAD
B
H
106* Metrop West 8l<le(Chic).
1st 5s 1942............FA A
90
108 1 MInneap BtRy-Os’ l 9. JAJ
New Orl Tr—. - .................
7i
Preferred—1st Inst, pd.
Notes 0s 1904 ....M A N
North Oblcago—8toek. . .
list.
1st 5s 1900-10........ JAJ
13*
35
No Shore Tr (B ost)-C om .
P referred........
120
5 Boyer pays aoorued
41

Bid.
no
m i
*w
«9*
§100

Ask I
.........
113
5
70
100

t !*
.....

17iJ

210
......
«105
)6
10
84
86
Inter •ft.

THE

462
BONDS
*.Y .S T O < JK E X C H A N G E
W e e k E n d in g M a r . 10.

CHRONICLE-BOND PRICES (5 palest tAB* L

P rie s
F rid a y ,
M ar. 10.

W eek's
R ange or
L a st Sale.

Its
a*

Range
iin c e
Jan . 1.

P ric e
F rid a y ,
M ar. 1G.

BOND S.
N.Y. S T O C K E X C H A N G E

[VOL.

LXVDU

W eek's
R ange o r
L a s t Sale.

since
Jan. L

W e e k E n d in g M a r . 10.
A ik L ow . H igh . N o. Low. H igh
Bid.
.
B id . A ik . Lou> Higk. N o . L ow . H igh
1 16 * 15 1 1 7 * 1 1 0 *
C A O -(Con)— 1st oong 5s ’ 39 M-N 118 119 118
kron AChloJne. Sm B 4 u
1 1 7 * M ar’ 9 a
116* 117 *
Registered..................... 1939 M-N
90* 9 0 *
labarna Cent. Sta Sou By.
91*
92*
9 2 * Sale
Gen gold 4 * s ................1002 M -8
98 100
98 F eb ’ 99
02* 92*
Alabama Mid 1st gu g ...l0 3 8 J
9 2 * Jan.’ 99
M -8
Registered............
1992
105 107
Albany A rtueq. See 1) A II
107
. 1 06 * 100
R & A D lv 1st oon g 4s 1989 J - J
AUegheuy Val. See Penn Co.
97 Dec 98
, 98
2d con g 4 s ..........1 9 8 9 J - J
Am Dock A 1. See Can o f N J
9 5 * May’ 08
Craig Valley 1st g 5 s .. 1940 J - J
25 88
90*
89
88 *
89 Sale
Ann Arbor 1st g 4s........ 1095
Warm 8pr Val ls t g 5a.l041 M -8
9 9 * 1 03 *
102 * 675
102 Sale 101*
103 104
A tab T A 8 Fe gen g 4s . 1995
Ells L ex A B S gu g 5s.l902 M -8 101 102* 104*’ Feb* 99
42 100 1 0 2 *
101 * 101 H
110 110
Registered................. 1995
n o Feb.’ 99
912
78
8 5 * Chic A Alton sink fd 6s. 1908 M-N 1 1 0 * ...
84
83 Bale
104 1 0 7 *
§»*
Adjustment g 4s.........1995
104 Feb.’ G*
Lon. A Mo R1t 1st 7 s ..1900 '- A 104 ...
83
83*
F eb/99
83
100* 106*
Registered............. 1995
1 0 6 * Feb.’99
M -N 104 .. .
2d 7s......... ................ 1900
Kqnip tr ser A g 5 s ....1909
Miss Itiv B 1st sfgO a..1912 A -O
Chic A St Louis 1st 6s. 1915
Chic Burl A Nor. See C B A Q.
108 110
110 Jan/99
114*115*
A tl A t Bklyn Imp g Os.. 1934
1 0 0 * 1 0 0 * Chic Burl & Q—Con 7s.. 1903 J - J 115 Sale 1 1 4 * 115*
1 0 0 * Feb ’ 99
100*.
1 0 4 * I0 4 ? i
Atlan A Debt 1st g 5s. .1950
Sinking fund 5s........... 1901 A - O 1 0 4 * ....... 1 0 4 * Feb.’ 99
111
112*
Atlanta A Char. See Sou Ry.
112
112
Debenture 5s................ 1013 M-N ......... 112
125* 151*
Austin A N W. See So. Pac.
141
M -S 138 ....... 141
Convertible 5s..... .........1903
P a tC re e k A S . SreMichCon
Iowa Dlv sink fd 5 s ... 1919 A -O 116 ....... 1 1 1 * D e c’98
116 116
110 Jan.’ 99
iOB” ‘. 0 5 * .
O a lt A O 1st 6s Pkbg Br.'19 A - 0
4 s .................................1919 A -O 1 0 5 * . . . . 105 F e b ’ 99
115 Nov’98
101*102
Trust Co. ctfs. of dep........
101*
102
Denv Div 4s................1922 F - A .........105
: : : : : : 115 Oct.’ 98
Gold 5s................ 1885-1925
1 0 0 * 105
Southwestern Dlv 4s. .1921 M -S 1 0 0 * ....... 103 Feb.’ 90
Couponsoff........................
Cnic A Iowa Dlv 5s. ...1 90 5 F - A
120 120
isfo* Jan.’ 99
Registered.......1885-1925 F -A
105* 108*
Nebraska Exten 4s. ...1 9 2 '“ M-N 108 Sale 108*' 1 0 8 *
120 120 *
120 Feb ’ 99
Speyer A Co. oertf o f dep
97 May’ 0
Registered.................192' M-N
Trust Co otfs of deposit..
1 20 * 123*.
1 2 0 * M ar’ 99
M -8 120
Han. A 8t. Jos con 6s.. 1911
1 18 * Sep.’ 98
1 07* 107*
Consol gold 5 s ............ 1988
107*
07*
Chic Bur A Nor 1st 58.1926 A - 0 1 0 7 * .
110 Aug'98
Registered................. 1986
1 1 5 * 115*.
1 15 * Feb.’9e
ChlcAK 111—1st sf cur 0s. 1007 J - D •115 .
118* Oct.’ 98
J P M A Co otfs o f dep.. ■
Sm all............................. 1907 J - D
Trust Co cortfs d eposit..
18*1” 13*4*'
184” Jan.’’ 09
134
1st co n g 6 s ...............,,1934 A
105 D eo’98
' Balt B'lt lstg 5slntgu.l990 M-N
1 0 9 * 112
~
112 M ar’ 99
•112
General con 1st 5s. ...1 93 7 MW Va A P ls t g 5s.......1990 A - 0
1 0 3 * N ov’ 98
M-N
R egistered ................1937
Monon R1t 1st gu g 5S.1919 F -A
10*7** 107**
107 F e b ’ 99
C hloA In dC R y lat 5a. 1936 J - J
’
108*112
113** V i'i’ Feb * 9 9
M- 8
Can Ohio R ls t c g 4 * s l9 3 0
Chicago A Erie. See Erie.
85
85
Jan.’ 99
ColAClnM 1st ext 4 Us 1939 J -J
Chic lnd A Louisville—
Aug’ 98
1AkACJ lstlutgu goa.1930 M-N
1 1 4 * 115
115 Jan.’ 99
Loulav N A A Ch lat0a..’ lO J - J *115 . . . .
N ov’ 98
Coupons o ff......... ............
92
94
98*
94
Chic lnd A L ref g 5a.. 1947 J - J '......... 94
1 0 7 * J’ l y ’ 98
Pitts A Con 1st g 4 s .. .1946 . J
104 107
106
107
Refunding g 8s.............1947 J - J 1 0 6 * . . . .
1 0 7 * 111
111 F e b ’ 99
B A 0 8 W Istg u g 4 *s.l9 9 0 J - J
101* 1 0 4 *
C7aM A 8tP -1 a t 7 s * g R D ’ 02 J - J 1 6 4 * 1 04 * 1 0 4 * 1 6 4 *
9 3 * 94
94 Jan.’ 99
BA O 8W Ry con g 4 * s 1993 J - J
1 st7s £ gold R D ....1 9 0 2 J - J 1 0 4 * .. .
32* 32*
3 2 * Jan.’ 99
1st Inc g 5s ser A . . . . 2043 Novt
1* 8 * 1 0 3 *
1 0 8 * F e b ’ 99
12 Feb ’ 99
10* 13* 1at Iowa A D 7a...... .. .1899 J --J 1 6 4 * .. .
Series B..................... 2043 Dect
1 0 0 * 1 04 *
164* 1 6**
1st C A M 7s..................1903 J J
B A O 8 W TerC ogu g 5s.’ 42 M-N
100 105
J - J 1 6 5 " Sale 1 6 4 * 105
Ohio Mil A St P con7s. 1905
1 0 8 *1 1 2
112 Jan.’ flO
Ohio A Miss ls t c o n 48.1947 J - J
161 105
1 04 * 164*
l s t l A D Exten 7 s . ...1908 J - J
120 1 30 *
1 2 8 * F e b ’ 99
A -0
2d conaol 7s............... 1911
120*121
120 *
120 *
1st Southwest Dlv 08.1909 J - J 12'JH
103 106
103
103
1st Spr’gfleld Dir 7s . 1905 M-N
1 1 5 * N ov’ 06
1st La CroaBe A D 5a.. 1919 J - J
89
89
89 F eb ’ 99
1st general 5a........... 1932 J - D
1 1 8 * 122
122* 1 2 1 * F e b ’ 99
1st So Minn Div 0s. ...1910 J - J
Beech Creek. S esN T C A H
129 130
1st Hast A D Dlv 7s.. .1910 J - J *130 131 130 F e b ’ 99
Bel A Car. See Illinois Cent.
1 0 9 * D e c’ 98
5 s ................................ 1910 J - J
Boonev Bridge. See M K A T,
121 * 122 *
Chic A P a o Dlv 6s.......1910 J - J ♦190 122 1 22 * M a r’ 09
Bway A 7th A t . See Met 8 Ry.
1 1 6 * 122
120 *
120 *
Chic A P W l s t g 5s.... 1921 J - J •120
9 4 * 104*
104*
102
Bklyn El Tr C ocf I8tg6sl924
118* 121*
1 2 0 * Jan.’ 99
Chic A Mo R lv Dlv 5s. 1920 J - J 1 1 9 * 1 2 8
80 J’ne’ 98
T r C o c t fs 2 d g 5b.......1915
110* 110*
1 1 0 * F e b ’ 99
Mineral Point Dlv 5s.. 1910 J - J
68 May’ 98
all lnst-al pd......................
118 112 A pr.’ 06
Chic A L 8u Div g 5s.. 1921 J - J *
93 1 0 1 *
1 0 0 * F e b ’ 99
8 A BBT Cocf 8 l8tgug58’ 42
120 113 N ov’ 98
Wla A Minn Div g 5a. .1921 J - J •
101
all lnstal pd..................
115 116
Terminal gold 5s.........1914 J - J 1 1 5 * l i b * 1 1 5 * 116
94 1 0 3 *
103
103 Sale 102
On E lT rC ocfs latgugOa’ S'
1 2 7 * Jan.’ 98
Far A Sou aaau g 0 s . ..1924 J - J
108 no*
110
Bklyn Rap Tr g 5s..........1945 A - O no Sale 109
1 0 6 * May’ 97
Cont sink fund 5s.......1910 J - J
118 1 1 7 * Deo’ 98
Bklyn City ls t c o n 5 b 1916-41 J - J
1 1 2 * 114
Dak A Gt So g 5 s . ... .. 1916 J - J 1 1 3 * 1 1 0 * 114 F e b ’ 99
1 0 5 * 108
107
107
Bklyn QCo A 8 c o n in g 5s’ 41 M-N
111 *
111 * 10 1 0 8 * 1 1 2 *
Gen gold 4s Berlea A .. 1989 J -JS .........I l l
Bklyn A Moutauk. See L Isl.
1 0 5 * F e b .’ 9 Registered.. . . . . . . . . . 1989
Bruns A West l s t g 4 b. . 1938 J - J
121 D e c ’ 98
121
MU A No lat M L0B ..191O
Buff N Y A Erie. See Erie.
120 126
126 Jan.’ 99
Istcon solO s.............. 1913 J - D
107* 111
1 0 8 * 108*
Buff R A P gen g 5a.......193' M -S
148 145
143*144
1 4 3 * 1 43 *
Chic A Northw—C on7a.1915
Debenture 6 s .........1 9 4 7 J - J
113 114
114
114 Sale 113
Gold 7a..........................1902
127 M ar’ 98
Roch A Pitts 1st g 6s..1921 F -A
113 113
113
R egistered................. 1902 J - D 113 Sale 113
128 Jan.*99
Consol 1st 6a.............1922 J - D 1 27 *
110
120
120 F e b ’ 99
Sinking fund 0a.. 1879-1929 A -O ......... 121
103 A pr’ 97
Cl A Mab lat gu g 5a. .1943 J -J 180 .
R egistered.. . . .1879-1929 A -O ♦115 119 1 1 7 * Oct.’ 98
Buff A Southwest. See Erie.
109* i i o *
110*
81nking fund 5a. 1879-1929 A -O l l o * Sale 110
105 F e b ’ 99
1 01 * 105
Buff St M A S W l s t g 58.1927 F - A
109 109
109 Feb ’ 99
Registered.......1879-1929 A -O
Buff A Suaq lat gold 5a..l913 A -O
122 128
122
122
Sinking fund deb 5 s ... 1938 M-N •122 ..
Regl bt e red.................... 1913 A -O
1 1 9 * D e c ’ 98
Registered..........
1033 M -N
J - D 1 08 * 1 0 9 * 109 F eb ’ !
107 109
Bur C R AN lat 5a........ 1906
no no
N 11*6” 1 1 0 * 110 F e b ’ 99
25-year debenture 5 a.. 1900
111 116
110
ne
Con lat A ool tr g 5a.. .1934 A - 0 112
1 0 9 * M ar’ 96
Registered .. ... ... ..1 9 0 9 M-N
1 1 0 * F e b ’ 99
Registered................. 1984 A - 0
110* no*
1 1 7 * 118
1 1 7 * F e b ’ 99
80-year debenture 5s.. 1921 A - 0 117
M A St L lat gu g 7 a ..1927 J - D
1 1 7 * Feb.’ e-*
Registered..................1921 A - 0
C R 1 F A N W la tg 6a..’ 20 A -O 107 ....... 1 0 5 * Nov’ 98
1 0 6 * 109
106 M a r’ 99
Extension 4 a....1880-1926 F - A
1st gold 5a.....................1921 A -O no .... 105 J a n ’ r "
105 105
100* 1 00 *
1 0 6 * F e b ’ 99
109*
anada8outh lat 5a... 1908 J -J 109* no 109
Registered.......1886-1926 F - A
108* no*
102* 1 0 5 *
105*
109 112
109
. 1 0 5 * 105
2d 5a.......................... 1918 M -S no .... 109
Gen gold 8 * s ................ 1987 M-N
103 N ov’ 06
Registered..................... 1913 M -8
Registered..................1987 Q -N
100 Jan.’»7
1 0 7 * May’ 96
Oarb A Shawn. See Ilia Cent.
Eacan A L Sup lat 6a.. 1901 J - J
O artbageA Ad. Sec NYC AH .
Des Mo A Minn lat 7a. 1907 F -A
108 O ct/96
O R la F A N . See B C R AN.
Iowa Midland lat 8a. . . 1900 A - O
Cen Branch U P ls t g 4s. 1948 J - D
W inona A St Pet 2d 7a. 1907 M -N
9 1 * 93*
9 3 * 9 2 * Feb ’99
117* 117*
1 1 7 * F e b ’ 99
Central Ohio. See Balt A O.
MU A Mad 1st 6a.........1905 M- S
111
111
111 Jan.’ 99
95
Cen RR A B of on —Oolg 5s’ 37 M-N
95
95 Feb '99
Ott C F A 8t P lat 5a..1900 M -S *110
105 A pr.’ 9S
Gent o f (la Ry—latg 5s..l945 F-At 1 1 6 * .
118 118
118
118
North Illinois lat 5a... 1910 M -S no
14u” 142*'
142 Feb ’ 99
R egistered................1945 F-At
M U L 8 A W la tg 0a.. 1021 M -N 139
1 05 * Feb ’ 9
Consol gold 5 s .........1 9 4 0 M-N
95
95*
95 Sale
Convertible deb 5a. .1907 F -A
9 1* 97*
1 1 7 * 119 ”
119 F e b ’ 99
R egistered................1945 M-N
E xt A Imp s f g 5a.. .1929 F -A • lie
138 D e c’ 98
42
42
40
Mich Dlv latgold 08.1924 J - J 138
1st pref Income g 5s. ..1945 Oct.t
41
88
44*
1 * ” i‘42*
46
140
140
13
1 8 * 13
13*
2d pref income g 5s— 1945 Oct.*
1 1 * 15
Ashland Div l s t g 6al925 M -S 139
112 A pr.’98
*: 8d pref Income g 5s. ...1945 Oct.*
7
7 * Feb ’ 99
In com es................... ,1911 M -N
6*
7*
131*132*
IM A N Dit l s t g 5 a ....1940 J -J
95 D e c’08
Chic Rock 1 A Pao 0a... .1017 J - J 132 ....... 132* Jan.’09
1 3 2 * 138
lMoblle D it ls t g 5a....1946 J -J
90 J’l y ’ 08
R egistered ................ 1917 J - J *130 ....... 133 F e b ’ 99
10446 108
MidUa A Atl D1t 5a.. 1947 J -J
8 0 * 8ep ’ 98
General gold 4a............ 1988 J - J 100 * ...... 1 0 6 * 1 0 0 *
1 0 5 * 107
Gent o f N J—lat con 7s. 1899 Q -Jt 1 01 * .
J - J 1 0 6 * Sale 1 0 5 * 106*
102
102
Registered................. 1988
1 0 1 *1 0 2
96
98
98 Jan.’ 99
lstconTertible 7 s ...,,1 9 0 2 M-N
112 Jan.’ fi
112 112
Dea M A Ft D lat 4 a .. 1905 J -J
85
85
Convertible deb 6 s .... 1908 M-N
85
85
1 1 2 * J’l y ’ 96
lat 2 * a ..................... ,1905 J - J
80
85
General gold 5s.......... 1987 J - J 1 1 8 * Sale 117
1 18 *
83 Mar’ 9 7
Extension 4s.............1005 J - J
113*118*
1 0 9 * 111
Registered................. 1987 O -Jt
1 10 * 110*
110 Feb ’ 99
1 1 2 *1 1 8
Eeok A Dea M lat 5 s..1923 A -O 110
Leh A W B C oonas7s.l900 Q-MI 101 102 101*
102
100 A p r’ 97
Sm all................................. A -O
9 9 * 102
95 .......
5s................................ 1912 M-N
96 Mur’ 99
8 7 * 96
Chic A St L. See A t T A S F.
Am Dock A ImpCo 58.1921 J - J 1 1 3 * ....... 1 15 * Feb ’ 99
1 1 4 * 1 1 5 * Chlo St L A N O. See 111 Cent.
N J South lnt guar 6s. 1899 J - J ♦100 .......
Chic St L A Pitta. See Pa Co.
130 1 3 7 *
Gent Paclfio—Ctfs dp A. 1898
105 106 108 Oct.’ 98
Chic St P M A O oon 0 s.. 1930 J - D 1 3 7 * .
1 3 7 * 1 37 *
130* 136*
I ISpeyer A Co otfs BCD. 1899
1 3 6 * Jan.’ 9o
•1<*5 100 1 0 0 * Feb ’ 99
1 0 6 *1 0 7
Ch St P A Min 1st 0s. .1918 M-N
. Speyer A Co otfs dep H. 1900
105 100
Nor W isconsin 1st 0 s..1930 J - J .........140
133 184
Speyer A Co otf FGH1.1901
♦105 100 1 0 7 * Feb.’ 99
t04 1 07 *
1 3 3 * Feb ’ 99
St P A S City 1st g 08.1919 A - 0 .........134
San Joaquin B rg0s...l9O O A -O •108 ....... 108
103
2! 1 0 5 *1 0 8
9rt
9 8 * 22b 9 3 * 9 8 *
ChioTer Transferg4s ..1947 J - J
9 8 * Sale
Guaranteed g 5s........ .1939 A - 0
120 *
120 * 46 12 0 * 120 * Ch A W est 1 1st ■ f g 08.1919 M -N •105 ....... 100 J’ne’ w
<
II^ S p eyerA C o eng eta.
1 2 0 * 248 1 12 * 123*
1 20 * 8ale ISO
General gold 0s........ 1932
*119 125 1 1 9 * D e c ’ 98
' Land grant gold 5 s . ...1900 A -O
102 Mar’ 96
Chic A W est Mich Ry 5s. 1921 f . 8
O A O D1t e z t g 5 s ....1918 J - J ♦ 1 1 7 * 1 1 8 * 101 Jan.’ 98
Coupons off............... ,,1921
“ Western Pacific g 0 s.. 1899 J - J 105 Sale 104
105
103 105
119 Oct.’ 97
Oln H A D con ■ f 7s. ...1 90 5 A -O
l No Of Cal 1st gu g 0s. .1907 J -J
2d gold 4 * s .................. 1937 J - J
1 0 3 * Oct.’ 97
112 l i t *
Guaranteed gold 5s. 1938 A -O
1 0 9 * Dec*98
Gin D A 1 1st gu g 5s. .1941 M -N
1 1 2 * F e b ’ 99
Charles A 8av 1st g 7 s.. 1936 J - J
0 1 St L A C . See C C C A S tL .
Obes A O—g. 0s ser. A ... 1908 A-Ot *118 121 1 1 9 * Jan.’ 99
119 110*1 Oln 8 A C. See C C C A St L.
Gold 6s..........................1911 A-O! •119 123 1 1 8 * Mar’ 09
1 1 8 * 121*1 City A 8 Ry Balt 1st g 5s. 1922 J - D

A

iH
ii:

.

sr.2

?:S

..

C

• No price Friday; these are latest Id and asked this week, t Due July,

OUTSIDE SECURITIES (Given
S tre e t R a ilw a y s .
Prov A Pawt’ck -lst5 s ’ 33
Rlohm RyA K leo-let5s’ 20
Rochester R y . . . . . ............
D abbs 1211..........MAS
2d 5s 1938..............JAD
Con 5s 1980..........AAO
Bo Side El (Chic)—Btock.
Un’d TrAHlec(Prov)-8t’ k
1st Cs 1983............MAS
West Chicago o l ...............
Oon 1930................MAN
Worcester (Mass)Tr-Com
Preferred.............

Bid.
{108
70
17
02
78
{105
70
88
}1 U *
1 90
18
100

l Due Nov.

at foot of

U a * S e c u r it ie s .
Ask. (I
110
NEW YORK.
80
Central Union Gas—
19
1st 5s «
80 |Con Gas (N Y)—8Loch—N
107
Deb 5s 1908..........MAN
Bqnlt Gas
77
1st 6s 1809........... FA A
90*
115
Con. 5s 1932......... MAS
Mutual Gas........ .......... .
07
N. Amsterdam Gas, Com.
19
Pref..................................
108
1st consol 5a..................

7

{105
YStk Exch
106 no
115 118
{101

102 *

{117 118
819 325
39
89*
09*
{1 0 4 * 1 05 *

i| Dae Jane.

1 Due Jan.

i Ronds due May. a These are option saUfl

consecutive pa & ).— GAS SECU RITIES, Ac.
es
Gnu S e c u ritie s.
N Y A East River Gas—
1st 5s 1944...............JAJ
Consol 5s 1945....... JAJ
Northern Union­
is t 5al927.............. MAN
Standard Gas—Com m on..
Do preferred.................
lat 5a 1930...........MAN

Bid.

Ask.

112 114
108* 109
94
135
150
{110

96
139
154
118

BROOKLYN.
Brooklyn UnGaa—N Y St ook E xch.
lat con 5s—N Y Stock Exch.
Williamsburg Gas—1st 0a {101 102

G a s 8 e c u rlt 1«tM
OTH ER CITIES.
Baltimore Consolidat—St
Bay 8tate Gas—N Y Stock
In co m e s ..........
Boston UnltedGas BondaBuffalo City Gas—
Stock ..................................
P re f.................................
Chicago Gas—See N Y 8to
Cicero Gas Co lat 0 a.. . . . .
Cincinnati Gas A .C oke...
{A n d interest tPrice

Bid.

Ask.

t Balt. List
Exch.
-Bosto n il* *
18* 1 5 *
93
92
ck Ex oh.
102
199
r w ill are

H

ab

THE

. 1 1 ,1 8 9 ® .]

BONDS-

i

■ .T .8 T O C K E I C H A K O > i ?
V U I E5DIBQ ilA R . 10. 1 5

-

C H R O N I C L E -B O N D

P ne*
F rid a y ,
M a r. 10.

B id . A#fc.
(Baarfleid A
See BRAP.
G ik x & c w i* a d g e » ..i» fo r - a
80 Sale
O ik Can 1st 5* tr re<3.. .1917SJ - j
0 G C A 8t I^ -G ca g 4 s..1003 j _ d
Cairo DIt l i t gold 4*..1930 j . j
84 L Dir 1st col trg4*.199Q M-N
Registered.................1990 M-N
Hark Col DtT Istg 4s. 1940 M -S
f W V a l Dir l* t g 4*. 1940 J - J
CCD W k U Dir 1st g 4A 1991 J - J
C t f i l S t L A C Istg 4*. 1980 Q-Ft
R egistered .........**..1936 Q-Ft
Cocao! #•............ ,...1 9 2 0 ,jn -s
,
Cin S k Cl con 1s i * 5 * .1928 j . j
in d B lA W 1st pf 7s..l0OO j
........... .
O lad it W 1st pf &S...1938 q _ j * ] .........•
........
Feo A East 1st con 4s. 1940;I _ q
8 6 * Sale
Incom e4 a ...... * ..,..1 9 9 0 A p r !* .......... 81
3 1 C C 4 I n d I s t s f 7S...1899 n -N ’ 193 ....... .
Goosol 7s...................... 1914 j _ o ....................
Consol Uniting fd 7 a . . 1914 j _ f>| ..................
General consol gold 6s. 1934 j . j . . . . . .
Registered ............1934 j . j ....................
G A 8 iit M C C C A I 7 a I 0 O l A - 0
.......
G lL or A Wh oon 1st 5s .1933! a - O ................ .
©AT k Marietta. 3e* Pa HR.
tBer 4 Mahon V aI g 5s.. 1988 j - j 180
R egistered ..............1938 Q W
© st 4 PlUs. Su Penn C
<\
Ooi Mldl’ d— 1st g 2-3-4S .19 47 J - J
»7 *
73
1st g i s ......................... 1947 J - J
Ooi 4 9th A t . 3*4 Met at Ry.
Coiom 4 Greenr. Sm So R y.
Ooi H V 4 Tol—Coq « 5*. 1931
74
75*
i P M 4 Co ®rut cfs 3*5 pd
27
33
9 . g- 3s., J P M otf* stpd. - J - D
_ _
33 . . . . .
Gen. lien#. 4s. do....... 109* j - J
Registered, do...........1 9 9 8 i j . j j
........
Ooi 4 O n Ma. M B & o .
Ooi Conn 4 Term. 3 m Stk W
Done 4 P as RIts 1st g 4*,*43j A -O : .................*
t )A4 4 « t 3 o . Sm CM 4 3 t p .
i -'a iisjA W eeo. Sm MKAT.
del L*Ck 4 Western 7 a , 1907
*3 .......
T Bing 4 N T 1st 7s. 190« A, <j 1*3 .......
orris A Essex 1st 7*. 19H yi-<* l i l
.....
f»,
................... 1900; J _ J 10< ........
7 s . . . . . ..........1871-1901 A - O U 9 * .........
1st eon guar 7 s ........ I 0 t 5 ; j - D : 1 4 8 * . . . . .
R egistered......... .. 1 9 1 5 ] j- D ......... ..
N T L a c k A W ls»6 e . 193* j _ j *138 U 0
Construction 5 s .....1923 y_ \ *i Irt ,»*,»
W * m n 8 d 7 s...............1800 a -U *196 . . . . .
Bel 4 B ed 1st P a in ? 7*. 1917 u - H 14» . . . . .
Retrial tre d .. . . . . . . . . . 1917 m - h
Alb 4 8 rs 1St eon ga 7s 1908 a - O 183 .
Registered................ .19001 a - O
Gold «* .................................190#a -U 7 * ;
0
Registered............. 190# \ , q
n s 4 riar U t 7 t ........ 1931 >1-N 158** !
Registered . . . . . . . . . . 1 9 8 )I j f . j i
•ei SUt RR Bge- 3*4 Pa RH.
8 7 * 100
Men Con Tr Co 1stg 3e..l93d! a - O
Den Tram Cooon g 6*. 1910! j _ j
Met R r Co 1st ga g 6*. 1011 J - J
Den 4 R Gr 1st goid 7 s.. 1000 m - N i o 8 * i t j *
1st oonc 4s................*.193# j . j 101 Sale
1st eon g i * s ............. .1938 J - J
Uapro*e«&eci gold 5e. 1928 j . d
108
Dec M 4 Ft D. See C R 4 I P.
Des M 4 Minn. SssCb A N W.
Dee M Co By 1st * 3 s... 1917 * .
DetM AToL S eeL S k M S o.
Del 4 Macs 1st Ilea g 4a 1995 j . n
Gold 4s
........... .. . . I 9 9 0 f j . D
Del 4 Iron Range 1st 5s, 1937 a - O
aegistered ............. ...1 9 3 7 A- 0
9d lien mortgage 6 e -..1 9 I # !j - j
0«1 Red W 4 8 1st g 3s. 1933 j - j
Dal So Shore 4 A t g 3s. 19371J . j l i t * Sale
O a st o f Mum. 3ssSLPM4M.
Clast T Va 4 t)fc JMs.So Rr.
J u U K 1st g 5 e.. -1941! m - ;
109
Si is Lex 4 B 8. 3m C 4 O. !
B in Coft 4 Bo. Res LafaAN f j
Brie 1st ext g 4 s . . . . . . . . . 1047.,91-Ml* H i
117
3d ext gold Se........ . .1919 M- H!*! 1 8 * . . . . .
M e x t t o id 4 * s ..........1923
....
4 tb e x tg o ld 5 e .........1930 a - O M8 0 * . . . . .
Sih e x t gold 4 e ......,,1 9 9 # j J - D r 194 . . . . .
1st eoasok gold 7 s . .., . 1990 M-M; ..................
Istooosol gold fd 7 s..t98 0 iM -H ........... .
fcong Dock oon gold #*.1935 A- 6 H I
Boff.M Y 4 Brie 1st 7a 191# J - D •140
BaJ?4 8 W gold 6 s ....1 0 0 * j . j
Bnall .............................. „ U _ J |
RR 1st ge goid 5e. 1900;A-OI toe .....
--------------. S
Chic k Brie .1st g - e... ------ffj l - j l l i t * u s
1083
Coal k Rlt 1st a ga # e 10 2i j j - N
Dock A Imp lstcn r# e.l9 1 3 J - J 117 . . . . .
I T * Green L go g 5s. 194# ,71-N 108
■ n e 1st eon g 4# pr bds.199# j , j
0 t * Sale
R e g i s t e r e d . ...1906 j . j
1st eon gen lien « 4 a . .. 19v# j . j
7 3 * Bale
B agistera d ...... . . . . . 199# j _ j
R t S A W —1st ref 5 el9 3 7 j . j 100** Sale
34 gold 4 * s . . 1937 p . a
0
Geaeral « 5 e.........1 9 4 0 F- A., *H 6 * Sato
Terminal 1stg 3 e ... .l 9 t 3 M -N • l i t '
Reels 05,000 «M h. 1943 fl -H
104
W ilkAinas i st gn g 5s 1942 J - d
MU RftofNJ fstgflelO lO A - 0
128
can A L Bap. 3 M C 4 N W ,
Ps j s u springs I s t g 6s. 1983 p . a
I t 0 T B 1st eoo
1021 j - j • 1 2 8 * ........
1st general gold 5 e .... 1943 A -O 105 Sale
Mt Vernon 1st 6 s ......1 9 2 3 A - 0 100
II lull Co B rch Jst g 5a, 1930 A - O 85
T rkir, J i n ©on an a # «.. 1928 J - J
.
05 100
Farg tik k o . S e O i

S

IfeeA’ s
R ange or t o
L o t t Sale. ^
L ow

H igh . R o.

R ange
sin ce
J a n 1.

85
93

•kroit Gee— Am N y Sxc

T T
4100
j........
92
4105
i»H

F r ie e
F rid a y ,
M a r. 10.
B id. A.,k.
1 3 3 * .......
1 01 * Sale
A - 0 101 .......
J - J 105 .......
J - J 108 .......
J -J

M 6s. ...1920 A - 0
Flint k Peregoldg 5 s ..,.1 98 9 M -N
lstoon sol

G

a

a .t

foot op 7

4
O ne B e c s r ltts s .
38 I Fort JVayne |T«d>—8t© tk

Ask.
94

jl G B

Pt Huron Dtr I s t g 5s. 1939
Fla C ank Pen I s t g 5 s ..1918
1at Land gr ext gold 5a 1930
9 9* 103*
Consol gold 5s. . . . . . . . . 1943
Ft 8 k V B age. 3m StLASF.
Fort St D D Co 1st g 4 * s l 9 4 1 J - J 1 0 2 * 1 04 *
87 ’ * A ag’98
3 4 * Sale
Ft W k D O —1st g 4-o«. 1931 J - D
9 5 * Feb '99
6 5 * Sale
05
9 5 * Ft W A Rio Gr 1st g 8 -4 a 1928 J - J
Fulton Kler. Srr Kings Co El.
103 104
103 Feb *90
al Har A S A - 3 m 8 P Co.
al HAH o f *82 1st 5a.i913 A - 0 1 0 1 * Sale
114 Oct.’97
Ga k Ala Ry 1st pf g 5x 1945 A -O 1 0 6 * .......
1 0 7 * Feb '97
Ga Car k S o 1st go g 5s.l999 J - J
Georgia Pacific. Sm 8o Ry.
83
8 8 * Grand Rap k Ind. S<* Pa Co.
9#
86*
30
31
l_T an A St J. Sm C B A Q
33
33
1 0 2 * Feb *99
rlo u s a to n lc . St* NYNHAH.
103 1 02 *
H oost E k W T 1st g 5S.1938 M-N 1 0 2 * Sale
1 37 * Dec *98
lions k T ex Cen. Sm So P Co.
1 33 * Noy'98
f Lllnols Cent 1st g 4 s ... 1951 J - J ns
L R egistered.... ......1 0 5 1 J - J in
1st gold 3 * s ..................1051 J - J 103
1 0 3 * Feb '99
1 0 8 * 108*
Registered..................1951 J - J 102
107 D e c'98
1st gold 3a s te rlin g ..., 1951 M -8
Registered.............,.1 9 5 1 M -8
180 Feb ’ 99
128 130
Coll Trust gold 4s.......1952 A - 0 .........1 08 *
R e g i s t e r e d . , . . 1952 A - O
65*
L N O k Tex gold U 1953 M -N io’ i " i*04*
64
69
71
R e g istered ..... . . . . . . 1953 M-N
?1
76
Coll tr 2*10 gold 4 a ....1904 J - J
R e g iste re d ..,..,....... 1904 J - J
Western Line 1st g 4s. 1051 F - A 105 . . .
Registered ................1051 F - A
74*
74*
14i 70
80
30 M ar’ 89
LoaiarUJe DIt g 3 * s . 1958 J - J * 9 8 * * 9 9 *
34
80
Registered ............... 1053 J - J
St Louis Diy g 3s....... 1051 J - J m i n *84**
Registered ................1951 J - J
Goid S * s ................. 1W
51 J - J : : : : : :
R egistered............1951 J - J
Cairo Bridge gold 4s . 1050 J - D
Registered ............... 1950 J - D
Middle Dtr rag 5e.......1921 F- A 115
134 .Hoe‘ 98
lt d J'ljr'frK
Spring Dtr 1st g 3 * s . 1951 J - J
R egistered............... 1951 J - J
143 Feb *90
..1 4 3
144
107 8ep.‘03
Chic St L A N O g 5s.. 1951 J - D 1 2 7 * 1 9 8 *
Registered . . . . . . . . . . 1951 J - D
U O * Jan.'00
- ,1 ’ 0 * U 0 * |
148
14*
Gold 3 * s . . . . ............ 1951 J - D : : : : : : 9 0 *
1. 143 143
R egistered............ 1951 .J -D
140 Oct. *98
138 Feb *99
Mem DU 1st g 4 s .... 1951 J - D
.S l8 8 138
Registered.............1951J - D
| U 7 117*
11 7 * Feh/00
Belie t k Car 1st 6 s. . . . 192 a J - I>
106 A o * ‘ 0*
146 flep.‘0 >
8t L 800 1st g o • i s . . . 1931 M- *
143 May* 97;'
Carb k 8 I s t g 4s....... .1982 .71-8 • V s* * ; ; ;
132 Dee "06
l o d B l A W . S s s C C O A B tU 1
Ind Deo A W 1st * 5 s ....1935 J - J 1 0 s *
1
1 1 7 * Mar ’0 9 1 .. .. 1 17 * 117* Ind 1 1 k la l» t r e f * 5 # ..i 9 4 « j A - 0
1 17 * Jen.'90|
1 17 * 117* lo t A G t No 1st gold 6S.1010 M-N 1 2 4 * m u
9 5 * .. .
151 J aa/ 99 . .. 151 151 | fd gold 5 a .................... 1909 M- H
,1981 M- H 1
i d gold 4s,.......
........ 8
H I May*98j .....
l o v e Central 1st gold 5a 103“ J - D ♦107* 109
94 Jan. *99
90
91 | low s Midland. Sm Ch k N W.
j olsrs^u RR. 8 m Brie.
(7 'a lA J fcG R . Sm L S A M S .
*Van k Mich. Sm To! A O C
1 08 * Mar *90 .
107 109
10O
101* 34 100 101* K C k MRAB 1st g u g 5 a 1020 A -O
1 0 0 * J tax. '09
78 Sale
!0 -»* ICO* K C P A G 1st A o o ig 5a 1023 A -O
Kan C A Pac. Sm M K A T.
1 04 * 105
11 1 0 3 * 107
Kansas Mid. Sm 81 L A 8 F
Kentucky Cent. Sm L A N .
103 OCC’98
Ke>k A Des M. Sm C B i A P.
70
Kings Co El ser A 1st g 5s ’ 25 J - J
Ful Ki 1st gn g 5s ser A *20 n - b 62
Knoxrtlle A Ohio. Sm Bo Rr.
f eke Erie A W Is tg 5a 1987 4 - j I t 8 * 1 19 *
110 ret»*9t
t b iijiiV
lJ id gold 5 a ..........,..1 9 4 1 j - j 1 0 7 * 1 06 *
North Ohio 1st ga 5 * .. 1945 A - O 101 105
L B A M R . Sm J T Cent.
t
9 3 * Feh. 00
lit*
IU *
l* h VaMPa) eoll « 5e .1007; 71*N
o lltn * u a *
.1007 If-N
Registered .
Leh v N T Istgu g 4 * a . 1940 J - J 107 Bale
R egistered....................t»40 J - J
109
100*! 60 1 04 * IO0*|
Leh V Ter Ry Istgu g 5 e l0 4 i A- O
Registered ....................1941 A -O
L V C oel Co 1st ga g 5 a . 1933 J * J
1 15 * Feb "90;
115* il7
Registered............,,,,,1 9 3 8 J - J
U 9 * A eg'96 . . . . . . . . .
lit
NoV9.h ............................. Leh A N T 1st ga g 4s ..1945 M-H
!tl
Jan.'00
1st
tti f
R e g is t e r e d ....,..,..,. .1945 M -N
1 0 4 * J"ne'V8 . . . . ......... ,....,1
m e A N Is t g I s tp f6 a l0 1 4 A - 0
145* Feb 99 ...J U S 145*
Gold guar 5 s ...............1014 A - 0
Leh A Wlltesh. Sm Cent NJ.
148 D ec’SM•. . . . ............... .
160 Sep.'96 i . . . . . . . . . . . . J Leroy A Caaey Van Sm Mo P.
Lex A s A P F. Sm Mot St Ry.
U 0 Feb "99 . . . 140 140
L R A M I s tg 5 s 1997Tr oils
85*
Long Dock. S«s Erie.
Long Ul'd—1st oon g 5a 1931
106 Feb * . .. . 106 106
90j
122
108
114*
U S ] 12/ 111* 116 | 1st eon g is .. ... ... ... 1 9 8 1
General gold 4s..........1988
. 100
Ferry 1st gold 4 * s , . . . 1982 >1-3 " 9 9 * .
Gold 4 s......................... 1032 J - D 100
i o o ” OcLV«W
*
95 .
*s m
i n , 173 9 2 * 95 ! Debenture gold 5 a . . . . 1934 J - D
N Y A R B 1st g 5 e . . . . 1997 M- 8 100 .
7 2 * ’ V i * 377 71H 7 7 "
........
N Y B A M B eon x 5 a, 1935 T 7 > i o f * !
i VfiV 10*9 *
115 .
5 107" 109"
Bklyn A Mon I « t g 6 s .l 9 1 l
1st 5 s ............... ,,...1 9 1 1 ? 1 S 104 .
Aug'08 ....
Nor Bh b 1st con g ga 5s. .' 88
95*
97
Uv
05
95 .
09
N Y Bey 8 * R 1st g a g 5s*48 r . 3
111 OCL'98 •M.
Mon tank Kx ga g 3e. ..1945 J - J
ue A Mo RIy . Sss Chi A AIL
lV T
104
~S4 i s m i o 'i "
123 Dec *98
L B A 8t L C on cn g 5* Tr oerte
65 Sale
General gold 4 s ......... .1943 >1-8 ' 8
9
65 Koy *07
L tu A Nash—Ceee* Br7sl0O7 n - g 104 .......
180 .......
t i l * Jan,'99
1 31 * 12 **
N O A_________6f ....1 9 3 0j - J
M 1 stg ______ ____
1 04 * 106* 51 IOO* 103J,
*d gold 6
e
. . 1930 J -J 119 188
K U k Nash is t g 6 a . .1019 J - O 1 1 5 * .......
General gold 6 s .......... 1080 J - 1
> I t # 191
100
too
Pensacola dlY gold 6s. 1020 > 1-B 106 . . . . .
100 10«M
1
a» L dlY i s t g # a .........1021 lilt - Sj

O UTSIDE S E C U R ITIE S (G itb n
B id

pages) P

BONDS.

• No price Friday, these are lateet bid and asked this week, t Bonds d i e A o g o jL

O s * M s e s r U ls s .
^icty Gas I Norfolk V a j, , , ,
1st 6e ............ ...
C l i y H A L i F stcrla) 5*.
Ooiamhtis fO) Gas—Stock
1st 5i 1 9 9 2 .,,* .,.,.J A J
Joneolid G ee(N jf)—
1 s t * 19 **........... JAJ
Consol Gee (P lttsi........
*79*............................ .
Bonds 6 s ..................... .
C o lu sa Gee sj Ctty>—#tk
1ft 6* .................... MAN

(5

N .Y . S TO C K E X C H A N G E
W e e k E n d in g M a r . 10

L ow . H igh
70*
87*

80
80
93
94
8 1 * D e c*98
101* 101*
9C M ar'98

P E IC E S

1st 6e 1 9 3 5 ............JAJ
Grand Rapids—Stock

0 :' 1st 5s 1 9 1 5 .,.........FA A
8 •
107 ; H anford (Ct) Gas L. ,.95
20
Indiana NatA fit G**-Htk
80
8
9
1st 6« 1908 .... MAN
33 Indianapolis Gaa—BLw-k
57 58
1st 6« 1030............MAN
111 H
Jersey City Gee Light..
37 9
0 * ------ Gas—N Y Btoek
a (Ind) Gas—8tk
106 too Jj
h . 1U
L
1924............MAN

Bid.
70
30
00
♦10*H
t 42
6#
72
100
toon
210
Sz«h.
70
30

a,

4 6 3

W eek's
R ange or
L a xt Sale.

R ange
sin e*
J a n , 1.

I *

Low . H igh . N o .
1 8 2 * 122*
to o *
1 01 *
100
106

105 M ar’
34
S£&
63*
65*

84
02

1 01 * 1 0 1 *
106 Dec 96
100 Janu'99

1 02 *

1 03 *

L ow , H ig h
181 128
100*101*
100 108

87*
65*

99*102
100

15

100

9 7 * 104

1 12 * Feb *99
1 1 2 * Noy'93
105 J an /99
1 0 2 * Apr.'Wb

1 18 * H 2 *

107
104*
104
101
100*

Feb ’ 90
J ao. '99
M ar'90
Mar'll*
Sep.‘ 98

105V 107
104* 104A
103 104S

104

F e b '90

104

98*

id s * ib 5 "

104

98**99*

“ 99**

88** Mar '99

81

96*

04* * 9 8 *

*9 0*

120

196* Feb '99
123 8ep.'06

83*

U 0*

1 04 * F e b '90

104* 104y

12 i Feb *9°
0 4 * Dec ’ ^8
90 Noy '98

121** 181

108 JaiL’ 99
1 0 7 * Mar *09
1 94 * Feb *0«
02*
93*
62 F e b '99
109 Feb *99

1 09*101
104H 101
124* 125
11 m2 * 97
00
63
107 110

70

03*

75

70 Feb ’ 09
62*
#2*

65

77
74*

118
110
101

11 6 * 119
10 3 * 110
LO
O 102

Feb ?#
u 1
Feb *99

104

59

Aug'98

106*

107

8 105* 107

1 1 8 * Feb *00 elO
1 09 * J'1y*07
90 Feb '99

1*18* 1*18*
*00** i S "
V i*

Vs*"

*98

Feb ‘*99

101

Bep.’w7

87

M ar'99

88

87

192

Jan.'99

120

122

100
99*

98
09

100
101

Jan.'09

100

100

50

72

100
99*

100

107** J an /9 9

65
7
106
181
117*
117
119
108*
125

68

H

No y '97
131
180
N oy'98
119
8ep.*B7
Dec’98

6

10

1 29 * 131
117 120
1 1 7 * 121

k Bonds due April, i Bonds due January. $ Bonds due July, a O ption sale

cosaBotrrnrB

paob8).— QA3

Bid.
A*A
_ G a s B s c s r lt lg * .
_
53
73
Loganspt A Wab Val—Btk
72
83
l i t i s 1 9 2 5 . , ....... JAD
102 i Msdiaon (W ls) Gas—8tok
#3
1st 6s 1920. ....... A AO n < w n
1 0»«
56
I Ohio A Indiana—B lock...
60
1st 6s 1 9 2 6 ............JAD . 7 2
75
Peoples Gas A Coke—N Y Stock
Philadelphia Co—
B os ton L
105
44
107
St Joseph ( M o ) . .., ,., ...
5s 1937.....................JA-f
«3«
60
; 8t Paul Gas—B lo c k .......
74
Consol 5s 1944 ....M A 8 4 88
17
\ 4yrsense Gee—Stock..

Ask68
75
#7
108
60
75
Exch
isL
40
95
sm
90
20

SECURITIES, die

D a s H e c a r lt ie s .
ayr'seGas— u t 5s ‘ 46.JAJ
estorn G seJ M llw ). . . . . .
5s—Se* N t Stock Bxch
T e l e g . A; T e l o p h ,
imerlcan D i e Tele—NY
VoaeriCfto Tel A Cub—NY
Jentrai A South A m ur....
Hies A Poto Teiepb—8tk
Bond 5 s ............ .
Joaamerclftl C able.........
•ommer Union T d (N Y).
B aplre A Bay State T e l..
}A nd lnteresL fPrioe

Bid. Ask.
84
88
05
08
tintStock
Stock
no
5T
103
181

Exch
Kiok
115
58
105

118
75
8)
p*r ,h i*rs

THE CHRON IOLE.—BOND PRICES (5 pages) Pagb 3.

464

P ric e
F ru ta y,
M ar. 10.

BONDS
H .Y .B T O O k E X C H A N G E
W b b k E n d in u M a r . 10.

B id . A sk .
Lon A N ub (Coo.)
Bt. Louis Dlv id h SS..1980 M -S
Nasb A Deo 1st 7s.......1900 J - J
dink fd (BAA) 8 Os....1 91 0 A - O
BA N A oou |{u g 5 s . . . . 1986 F- A 108% 107%
Gold 5s............. ......... 1937 M-N L0»l ........
93% Sale
Dollied k 4 s ............1 9 4 0 J - J
R egistered............... 1940 J - J
Col tr 5-20 8 4s ... 1903*18 A - 0 100% 1C0%
Pens A Atl 1st gu g 6s. 19*1 ► A 111 ........
Coll trust g 5s.............. 1931 M-N 108%110
LAN* MAM lstg 4%s 1945 M- 8 no .....
N Fie A 8 1st gu g 5s
1987 F- A 106 ........
94 .........
Kentucky Cent g 4 s... 1987 J - J
LOln A Lex g 4 % s....l9 8 1 M-N
L A Jeff Bge Co gn g 4s. 1945 M -8
L N A A G See O I 4 L .
Louis R yC o Istoon g 5s. 1980 J - J
ahon Coal. See L 8 4 M 8 .
anbattan Ry con 4s 1990 A - O .........105)4
Metropol K 1st g 6a... 1908 J - J 1 1 6 % .......
1
2d fls........................... 1899 M-N 1 0 2 )4 .......
ManB W C olon lig 5 s ... 1934 J - D
Market BtC Ry ls t g 6S.1913 J - J
McK'pt A B V. SrePMoKAY
Metropolitan Kl. See Man Ky.
Met Bt Ry gen o tr g 5s.. 1997 F -A 120)4 Sale
BwayA7th A t lsto g 5s. 1948 J - D 122 Sale
R egistered............ 1948 J - D
Col A 9th A t lstgu g5s.l998 M -8
R egistered................1998 M -S
.. 126
Lex A t A P F 1st gu g 5s.’ 98 M-H
R egistered............ .......... M- 8
Msx Cent con gold 4s. ..1911 J - J
1st oon Income g 3 s... 1989 J’lyl
2d con Income g 3a.,..19dV
t -O
■quip A coll g os . . . . .
88% Sale
Mex Internet 1st o »
4a.'77 M -8
Mex Nat 1st gold 6s. ....1 9 2 1 J - D
2d Ino 6s A Cp stmpd. 19 T M-Si
2d Income gold 0s B. .1017 An.i
Mex North 1st gold 0s.. 1910 J - D
Registered.................. 1910 J - D
Mich Cent. S « N Y Cent.
Mid o f N J. See N Y 8us A W
Mil HI Ry A L 8 0 -y rg 58.1920 F - A
M L B A W. See Chlo A N W
Mll A Mad. See Chic A N W
Mil A North. S & C hM & S tP
Mll A St P. See Ch M A St P
Min A St L gu. See B C R A N
Minn A 8t L—1Bt g 7s . .1927 J - D •147% 150
1st cons gold 5a..........1984 M-N U S Sale
Iowa ex 1st gold 7 s ... 1900 J - D *125 .......
South West ex lB tg 7 s.'1 0 J - D *127 .......
Paoltlcex 1st gold 08.1921 A - 0 180 .......
M A P 1st Ss st 4s Int gu ..’ 80 J -J
M88WAA l s t g 4 b ln tg u .’ 26 J - J
M StPABSM con g 4a Intgu’ 88 J - J
Minn St Ry 1st con g 5s. 1919 J - J
Mlzm Un. See St P M A M.
Mo Kan A Tex—ls t g 4s. 199n J - D
93% Sale
67 Bair*
2d gold 4s.....................1990 F-A|
88
8794
1st exten gold 5s........ 1944 M-N
88 Sale
M K A T o f T lstgu g 5s.’ 42 M- 8
79 Sale
K O A P a c 1st g 4 s ... .1990 F - A
Dal A Wa 1st gn g 5s. 1940 M-N
BooneT Bdg Oogu g 7s. .’ 00 M-N
Tebo A Neosho 1st7s, 1903 J - D
MO K A K ls tg u g 5 s ... 194^ A - 0 104 Sale
Mo Pao—1st oon g 8s. ..1920 M-N 118% Sale
3d 7s................
1900 M-N 114 .......
Trusts 3s.....................1917 M-81 99 Sale
Registered...............1917 M-St
l i t ooll gold 5s............ 1920 F- A
95 Sale
Registered................ 1920 F -A
Pac R o f Mo 1st ex g 4 s .’ 88 F -A 106% Sale
2d extended gold 5a. 1088 J - J 1 0 8 % .......
Verd Y 1 A W ls t g 5 s..’ 26 M -S
Leroy A O V A L let u 5s ‘20 J - J
BtL A I Mt 1st extg 4% b.’ 47 F-A l ■105%.......
2d e x t g 6 s .. ............. 1947 M-N 10694.......
Ark Branch extg 6s. 1985 J - D 108)* Sale
Gen oon ry A Id grt g 5s ’ 81 A - 0 111% 8ale
Gen con stampgtd g 5s ’ 81 A - 0 111 .......
M lisR lvB dge. See Chic A All
Mob A Blrm prior lien g 5s.’ 45 J - J
Small................................. J - J
Inoome gold 4a............1946 J - J
Small................. .............
Mob A Ohio new gold 6s.. ’ 27 J - D 12094 Sale
1st extension gold 6 s .1027 Q -J i
General gold 4 s ... .. 1988 M -8
84 Sale
Montgom D1t l s t g 5s. 1947 F -A 100% Sale
Bt L A Cairo gu g 4a . .1 9 3 1 J - J
Mohawk A Mai. See N Y C AH
Monongahela Rtv. See B A O
Mont Cent. See St P M A M.
Montauk Ext. See Long Is.
Morgan’ s La A T. See S P Co.
Morris A Essex. See Del LAW
ash Chat A S tL 1st 7 s.’ 13 J - J *182 .......
2d 6s....................... 1901 J - J
1st con gold 5s............1028 A - 0 1 0 8 " Sale
1st 6s T A P b .............. 1917 J - J
1st 6s MoM M W A A L 1917 J - J
1st gold 6s Ja8per Boh. 1923 J - J
Nash Flor A Shef. See LA N
N ew H A D . See N Y N FI A H
N J Juno RR. See N Y Cent.
N J Southern. See Cent N J.
NewAGlnBdge. See Penn Co
NO AN E p rlorllen g 0 s.l9 1 5 A-01
N Y B A Man Bch. See L 1.
N Y Bay Exten RR. See L l.
N Y Cent A H R - l s t 78.1903 J - J 115 8ale
R egistered............. .1908 J - J 114% 116
Debenture 5 sof. 1884-1904 M -8 *108% 111
Registered — 1884-190« M -8 *108% . . . . .
Reg deb 5a o f ...1889-1904 M -8 *108% . . . .

M

N

W eek's
R a nge o r
L a st Bale.

|3|
|§

1 0 7 " Nov’ 98
ib e ji
108)«
95

io b h

109)4
95)4

Ask.
List.
50
92
205
List.

115
80

5 100% 107%;
12 107% lC99i'
6 94% 98%
b

100)4 100% 118 100 1009*
l 1 112
12 Jan.’ 99
108 110
m o * 109)4
108 108
108 Jan.’ O
U
100%109%
100)4 100)4
"I
94
94 Feb.’99
108 Jan.’ 98
109

Mar’ 9

105% 105%
118% F eb ’ 99
102% 10*%

05 107
116 117%
102% 10294

120
122

120%
122

118%124
122 125%

124

184

128% m "

124"

12494

124

120%

‘ 0894 " 08%

8894 Jan.’ 9 9

84%

88%

0% Deo ’ 98
97 F e b ’ 97

105% Feb.’ 99

108%105%

146
113
125
127
128

145
110%
125
127

93%
6«%
97
86%

79
95

Jan.*99
113
Jan.’ S
Jan.’ 99
D e c ’98

94
§2%
89

146
113
125
127

J?*
65% 71
82
90
80
90
75% 82
85
95

88%

79
M ar’ 99

21 101% 105
103
105
115% 11894 433 10894 108%
114% M ar’ 99
99^
92%
99%
00%

88

95%

96

100% 100%
11194 Jan.’9w

100 107%
111% 11194

105% Feb *99
100% 100%
106% 100%
110% 111%
t il
111%

105%
100%
105%
105
110

105%
107%
100%
112
111%

........ Mar
12094 12094
117 F e b ’09
94
84
10694 107

125
117
82%
100

128
118%
88
108

132

115
115
114% 114%
118% Jan.'
113% Jaa.’ 09
109% 8ep.’ 97

18294

108

132
132%
10594 Not ’ 9V
108
108

-O UTSIDE S E C U R ITIE S (G iven
Bid
Bost
42
117%
90
87
115
200
Bost
On list
115
170
112
75

BONDS.
N .Y . S T O C K E X C H A N G E
W e e k E n d in g M a r . 1 0

L ow . H igh. N o. Low . Hiffh.

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

T e le g . Sc T »lep h .
Brie Teleg A Telep.—See
Franklin ..................
Gold A Stock...........
Bonds........ . .................
Hudson River Telephone
Internation Ocean...........
Mexican Telegraph..........
Mexican Telephone—See
New Bng Telep—See Bost
Northwestern Telegraph.
N Y A N J Telephone —
5s 1020.................. MAN
Pacific A Atlantic.,

Range
sin ce
Jan . 1

108

11494117),
114)| 117%
U 0 % 118%
113% 118%
t D u e J a i.

....

R ange
s in ce
Jan. L
L ow . H ig h ,

105% 107%

110% 112%
111%
99%
98
98
09
100
100%

111%
102%
90%
102
99%
108
100%

10% 118%
109% 113

ISO

182

102%
105%
105%
110%
110%
100

102*
105X
I f 6%
110%
116%
110

100

100

1 ,1 % 112

106

108

78
178

184
177

120

120 %

114

114%

106 100%
U 8 % 106

114% 116

10i% 103%
108% 103%
67% 70

90 92
112 1 6
1
130

130%

90%
88%

9S
68%

80

85

O

I Due June.
I

§ Due May. ? Due Nov.

110 118%
l now 103
128% 182
108 118
89)[
85
65% 7494

a These are option sales.

7 consecutive pages).— '<ELi & ELECTRIC, Ac.

Bid Ask.
T e le g . A T e le p h .
Southern A Atlantic........
90
05
Weat’n Union Teleg—N Y Stock Hxoh
E l e c t r i c C o m p a n ie s .
Allegheny Co Light C o..,
Brush Lleotrlo Co............
Br’dgprt (Ct) El Lt Co.25
Consol Electric Storage..
Eddy Electrio Mfg Co..25
Edison Kl 1 1 Co NY—N Y
1
Edison El 1 1 Co B rk -N Y
1
Edison Ore Milling C o....
Edison Storage Co........

B id. A tk . L ow . S ig h . N o.
N Y Cent (Con.)
Debenture g 4s. .1890-1005 J - D *103 ........ 104 D e o ’98 . . . .
.
Registered.......1890-1905 J - D *108 ........ 104% Feb.’ 99 . •
Debt certs ext g 4s. . . . 190& M-N *104 ........ 107% Feb.’ 99
* 1 0 3 % ........ 104% J’ ne’ 98
Registered..................1905 M -N
112% 74
G 3% s............................. 1997
J 112 Sale 112
111% F e b ’99
Registered................ .1997 J - J
102
09% 100
100 Sale
Lake Shore col g 3%s. 1998 F - A
90% M ar’ 99
R egistered .............1 9 0 8 F - A * 09 .......
09% Sale
99
99% 14
Mich Cent coll g 3%s. .1998 F -A
99 F e b ’ 90
R egistered ................ 1998 F -A
5
106
Harlem l B 7s.............. 1900 M-N *■06 ......... 100
t
M-N *105 ........ 106% Jan.’ 99
Registered.................1900
103 ........ 103 May’ 07 . . ..
N J June R gu 1st 4 s . 1986 F - A
R egistered.................1980 F -A
W eat8hore 1st 4s g u .2301 J - J 113 Sale 112)4 U S X 5°
R egistered.................2361 J - J 112% Sale 112% 112% 20)4
........ 108 N ov’ 98
Beech Crk 1st gu g 4s. 1980
J no
106 J’ ne’ 98 . . . .
R egistered.................1936 J - J
2d gu gold 5s............ 1936 J - J ...................
Registered................. 1930 J - J
Clearfield Bltum Coal Oorp
95 J ’l y ’ 08
l s t s f in tg u g 4aser A .’ 40 J - J
8mall boirdB series B..*40 J - J
Gout A Oswe 1st gu g 5a.’ 42 J - D
1 8 1 " Feb *99
R W A O goon 1st ext 5s.’ 22 A-Oi *130
Nor A Mont 1st gu g 5s.*18 A - 0
R W A O T R ls t g u g 5s. 18 M -N
Oswe A R 2d gu g 5s.. 1915 F-A ! ♦111
107 Aug’ 98
J 111
Utica A Blk RIt gu g 4s.*22
Mob A Mai ls t g u g4s.l991 M -8
Cart A A d 1st gu g 4s. 1081 J - D
N Y A P u tlB to o n g u g 4 s.’ 98 A -O
133% D e c ’98
N Y & North ls t g 5 s.. 1927 A -O
Lake Shore A Mich South—
121 Apr.’ 98
Det Mon A Tol 1st 7sl9O0 F - A
Lake 8hore dtvld 7«.1899 A - 0 * 102 % _____ 102% F eh ’ 99
Consol 1st 7 s . ... .. 1900 J - J * 1 0 0 % ......... 106% 106%
100% F e b ’ 99
Registered
1900
110% Jan.’ 99
Consol 2d V s ....... 1903 f - D
11«% Jan.’ 99
Registered.......... 1908 J - D
HO
Gold 8%s.............1097 J - D 110 Sale 108%
100 Jan.’ 99
R egistered.......1 9 9 7 J - D
08 ....... 108% D eo’ 97
OinA S lstgL S A M S7s’ 01 A - 0
K A A G R 1st g o 5S.1938
J *127 .......
Mahon C’ l R R 1st 5s. 1934 J - J 125 ....... 1 2 1 " Oet»"o8
112
Mich Cent—Is to o n 7sl902 M -N *112% . . . . 112
Isto o n 5s............... ..1902 M-N 105% 107 104% D e c ’ 08
6s.................................1909 M- 9 120 ....... 122 Feb.’98
5s.................................1931 M -S 125 ....... 121% J’ne’ 98
125% Jan.’ 98
R egistered.............1931
100% Feb.*98
♦107
i s .................................1940 n
108 Jan.’ 98
R egistered............1940 j - j
BatO A St ls tg u g 3s.’ 89 J - D
107%
N Y Chic A St L ls t g 4S.198? A -O 107 107% 1 0 7 "
104 N ov’ 98
R egistered.................... 1937 A -O
N Y A Greenw Lake. See Brie
N Y A Har. SeeN Y O AHud.
N Y Lack A W . See D L A W
N Y L E A W . See Erie.
N Y A Man Bch. See Long la.
N Y A N E . See N Y N H A H
104% Oct.’ 97
N Y N H A Hart ls t r e g 4 s .’ 08 J - D
Convert deb certs $1,000 .. A - 0 *181 183 184 M a r’ 99
.. ,.1 8 1
177 Feb ’ 99
Small certfB $ 1 0 0 ............
120% A u g’08
Housatonlo R con g 5a. 1937 !-N
N H A Derby o o n 5 s ... 1918 M-N ♦ 121 % ......
N Y A N B 1st 7s.........1905 J - J 120 % ...... 130% 120%
1st 6 s . . . . . . . .............. 1905 J - J 114% . . . . 114% Jan.’ 99
N Y A North. See N Y O A H.
N Y O A W con 1st g 5s. 1939 J - I ) 1 0 6 % ....... 106% Mar’ 99
Refunding l s t g 4 s .... 1992 M-SI 103% 8ale 108% 104
Regis $5,000 o n ly ... 1992 M-SI . . . . . . H 2 % 101% N ov’98
N Y A Put. See N Y C A H.
N Y A R B. See Long Ial.
N Y 8 A W. See Brie.
N Y T ex A M. See 80 Pao Co.
North Illinois. See Chi A NW.
North Ohio. See L Brie A W.
Northern Paoiflo—
115% Feb.’ 99
*110
Gen 1st RR A L G s f g8 s.’ 21
117 Oct ’ 98
Registered................. 1921
S tP A N P gen g 8 s ... 1938
. 132% 13194 D e c ’98
130 Sep.’ 98
Registered o t fs .,....1 9 2 8
108% 8ale 102% 103% 435
Prior lien r A l g g 4 s ..l 9 9 7
103% F e b ’ 90
*101
Registered..................1997
08
68% 294
08% Sale
General lien g 3s.........2047
Registered
,2047
92 Feb ’ 99
Wash Cent l s t g 4s . .1948
1 . . . . 04
114 115 115 Feb ’ 99
Nor Pac Ter Co 1st g 6S.1938
Nor Ry Cal. See Cent Pao.
N orW ls. See C S t P M A O .
102 J’ne’ 98
Nor A South 1st g 5 s .... 1941 M -N
180% F e b ’ 99
Nor A W estgen g 6 $ .... 1981 M-N
128 N ov’ 98
New River l s t g 0 s .... 1982 A - 0
117% A ug’ 98
Imprvmt A ext g 8 s ... 1934 F - A
101 Feb 97
C O A T Is gu g 5s.. ..1922 J - J •100
19
97%
98
Sclo VAN B lstg u g4s. 1980 M -N
97% ,
01%
92% 133
N A W Ry lsto o n g 4s. 1996 A - O
R egistered.......... ...1 99 6 A - O
Sm all.......................... 1990 A -O
Nor A Mont. SeeN.Y.Cent.
lndA W . See C O C & StL.
hlo A Miss. See BAO 8 W.
102 Jan.’ 98
Ohio River RR 1st g 5S..1986 J - D
General gold 5s.
1987 A - 0
9 Sep.’ 98
Ohio Soutb.gen 1st g 4s. 1921 M -N
8% 8ep.*98
Bng Tr Co oertfs...............
83 M ar’99
Om A St L l s t g 4 s . . . . . . 1901 J - J
Ore A Cal. See 80 Pao Co.
111 F e b ‘ 99
OreRy ANav l s t s f g fls.1909 J - J
101%
Ore B R A Nav oung 4s.. 1940 J - D 101% Sale 101
Ore Short Lln« 1st g 0s. 1922 F - A 12«% Sale 128% 128%
12m J’ne’ 9*
%
Utah A Nor 1 st7 s . ... . 1908 J - J
102 May’ 07
Gold 5s............ ....1 9 2 0 J - J
»re8h L—l s t o o n g 5s... 1946 J - J . . . . . . 112 110% 111%
85
87%
Non-cum lno A o s .......1940 Sep.i
85% Sale
Non-ou Inc B A col tr.. 1946 ' ct.i
08%
69%
swego A Rome. See N Y
> n F A St P. See C A N

4 Due Jan.

at foot of

P r ic e
F rid a y .
M a r. 10.

[V L LXVIII.
O.

W eek's
R ange or I s
L a s t Bale. f a

100 175
42
48
45
t 41
9
10
t 18)4 15
Stock Eroh
Stock Bxch
4
0
24
30

E le c t r ic C o m p a n ie s
Bast Bud Ele< trl< Light.
B1ectro-Pneu m alic. .........
Fort W ayne Biec. C o ..25
Senes A ..................
General Electric O —N Y
*
Do pref.—See Boston L
Hartford (Ct) E le cL t Co.
Hart,f’d(C t)LtA Pow C o25
Mo Bdlson Electric..........
Do preferred ................
Narragan. (ProviE lC o.50
New Hav (Ct' Elec Lt Co
Rhode Island Elec P ro _o.

Bid. Ask.

E le c t r i c C om p-* 1*a.
T o onto (Can) E lecL t Co.
"U » Thom Donet Welding Co.
12
4c
8o United Elec Lt& P Co pref
« 90%
Bonds .. .. .......... .
Stock Exch W oonsocket (R I) El Co.. 108
1st.
F e r r y C o m p a n ie s ,
130 140
48%
Bro< >klyn Ferry S tock ...
6
t 4
Bonds 5s.........................
22)s 24
Metropolitan Ferry—5s.. 108
00
01
N J & N Y Ferry—8tock..
tx84
1st 5s 1948............. J&J nos"
185
§And interest. tPrlce per sh
x!1 8)4 125

A sk.
188
100
18
67%
105
49
69
110
100
are*

GHRONICLR—BOND PRICES (5 pages) Page 4.

THE

Mab . 11, 1S99,1

P ric e
F rid a y ,
M a r. 10.

BONDS.
W .Y .ST O C K E X C H A N G E
W s m E n d in g M a b . 10

W eek's
B angs or
L a s t Sale.

R ange
s in ce
Jan . l .

3-9

BOND S,
N.Y . STOCK E X C H A N G E
W b s k E n d in g M a r . 10.

P ric e
F r id a y ,
M a r. 10.

465
R ange
s in ce
J a n . 1.

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

B id . A s k . L ow . H igh. No.
B id
Ash. L ow . H igh . No. L o w . H igh
1 0 4 * Oat, 97
105 1 07 * 3av F A W 1st con g 6a. 1934 A - O 128
107$$ Sale 107$$ 107*
| 1st g 5s..........................1934 A - O 110
1 2 5 * F e b ’ 99
Scioto Yal A N E . See Nor A W
A -O 105 ........
Panama la t s fg 4 * s . . . .1917
1 0 4 * Feh.’ 9S
................... Saab A Roa le t 5a...........1926 J - J *105
S f subsidy* 0 s .. ,...,1 9 1 0 M-N
12 1 1 4 * 1 1 6 * Sea A B Bdge. See BkJyn HI.
115M Sale U S * 11
Paan Co gu 1st g 4 * a ... 1921 J - J
5
. ........ Sod Bay A So 1st g 5 s .. .1924 J - J *100 .......
R e g is t e r e d ...........1931 J - J * n m us * 1 1 5 * 115:
1 0 4 * 104*
So Car A Ga 1st g 5 s ,. , .1919 M -N * 1 0 4 * 1 0 5
103 N ot'
GtiiS dsool trust reg.l 937 M -S
Southern Pacific Co­
P C O A 8t L oon gu g 4 * s —
l l i * 1 14 *
Gal Har A S A l s t g 08.1910 P_ a *111 1 1 8 * 107 Jam ’ 98
1 1 4 * J&nUOO
Series A . . . . . . . . 7..7..1940 A -O •115
2d g 7 « .........
1905 J - D *110 113 110 F eb ’ 99
1 1 0 * Feb *99 a l 1 1 0 * 1 1 6 *
Senes B guar.............1942 A - 0 *115
104*
............
Mex A P aod iv la tg 5 s .’ 31 ,>I-N
104 Sale 104
113 Nov*98
Series Cguar.............1942 M -N *115
...................
Hons A T C 1st W A N 7s.’ 03 J - J
107 Dec ’ 98
Series D 4s gu ar.. . . .1945 M -N •100
no .... 1 1 1 * 112
107* 107*
1st g 5s lat srtd........... 1937 J - J
10?*Jan T 99
Pitta Cm A 3 tL 1st 7*. 1909 F -A
1 0 9 * A p r’97
. . . . . . .........
C o n g 0 9 t n t g t d ........ 1912 A -O •no .... 112 D e c’ 98
Registered........... .1900 F -A
3 9 * Sale
89*
89*
1 38 * Jan.‘99
138*13594
G « n g 4 s m t g t d ......... 1921 A -O
Pitts Ft W A C 1st 7s. 1912 J - J
1 20 * Feb.‘9s
......
Morgan’sLa A T ls t g d a .’ 20 J - J
141 Not ’ 98
3d 7s.......................... .1912 J - J
*137
139 J a n .''"'
...................
1st 7s......................................1918 A - O
Sd 7s............................1912 A-O!
1 1 2 * A pr'97 .
....................
N Y T A M exgu ls t g 4 s .’ 12 A -O
C 8 tL A P 1st eon g 5s. 1932 A -O 131
108** M ar’ 99
......................................................
Ore A Cal 1st gtd g 58.1927 J - J
K eg,stereo.................1932 A -O
3 4 * Sale
84*
8 5 * 295
................
8 A A A Pass 1st gu g 4s. *43 J - J
107 May’ 98 . . . .
Clev A Pitts eons f 7s. 1900 M-N ioft*.
110 D e o ’98
T ex A N O 1 st7s .......1905 F - A
Gen ifa g 4* e sex's A -1942 J -J 120 .
1 0 6 * Nov'97
Sabine d ir 1st g 0 s.. 1912 M- 8
Senes 8 ................. 1942 A -O 120 .
105*
Con g 5s....... ............ 1943 J - J ! 105 Sale 105
Erie A P U t g u g 3 * s B.1940 J - J 100 .
113 F e b '99
S o P o f A rgn ls t g 0 s .’ O9-lO J -J| 113
Senes C , . . . ................ 1940 J - J *100
8 P Of Cal l s t g 6 9/0 5-1 2 A - O
1 18 * D e c ’08
Sr R A 1 ex 1st g a g 4 * 8 .1941 J - J
1 0 3 * Nuv’ 98
103 N ov’9 7 ......... ..
1st con guar g 5a. .1937 M-N
Allegh Vel gen gn g 4s. 1942 .11-3
1 07 * 108
....................... |.............................
Stamped.. ...1 90 5 -3 7 M N
N A C Bdge gen gu x 4 * s .’ 45 J - J
96*
108 May’07 .. .. ..................
A A N W 1st gu g 5 a l9 4 1 J - J
99
9 9 * 09
Perm 8 8 1st real es g 4s. 1923 M-N
8 P Coast 1st gu g 4a.. 1937 J - J . . . . . . . . . .
Oon sterling g 8 s ..,.,,1 9 0 5 1 J - J
1 1 3 * N ov’ 98
S P a co f N Mex l i t g fte.’ l 1 J - J ............. .
Con currency 8s reg.. .lOOSjQ-Mt
107
South Ry—1st con g 5s.. 1994 J - J 100 Sale 1 0 5 * 106
C ong 5 s .......................1919 |M-8
96 Oct.’98
R eg iste re d .,.. ......1 9 9 4 j - J
Registered.......... «...1 * 1 9 0 - 8
Mem Dir ls t g 4-4*-5 sl0 9 0 J - J *108 . . . . . 1 0 7 * Jan.’99
Oon g 4s.........................1943 M-N
. . . ...........
R e g is t e r e d .,.,........ 1996 J - J
............
01 A Mar l i t gu g 4 * a J 9 8 8 M-N •1C8
106 M ar’99
1 1 5 * F eb/99 . . . . . . . . . .........i E Ten reor lien g 4-5a.l938 M -8 * 1 05 * 107
0 N J 8 8 A Can gen 4s. 1944 M -8
O R ERA B gel.tgu 4sg.T ift F -A •105
R egistered................1036 11-8 ............. .
San A Lewis 1st g 4s 1938 J - J 108
A iaC en R l s t g 6 s ....1 9 1 8 J - J .................. 1 1 2 * Au*v9?
Pensacola A At. S « L 4 Nast*
Atl A Ch A ir Line Inc. 1900 A -O .................
11*8* * Sep*’ 98
99 101
Col A Green? 1st 5-68.1910 J - j * . . . . . 120
Peo Dec A S lstgftstr rec.’30
- J • 0 7 * 100 101 Feb '99' •
67 M ar’99 .
■van* Dlv ls t g 6* trrec/2 0 - » .........100
9 4 * 97
E T Va A G * 1st 7s.. . . 1900; J - J * 1 0 4 * ........ 1 04 * Feb.’93
117 Feb ’99
3d g 5t tr rec 1st pd..l92ftM
Divisional g 5s..........1 9 3 0 IJ -J 117
1 15 *
110
Peo A Best. See C C C A St L
Con 1st g 5s..............1950 M -N T ..........110
1 24 *
Peo A Pek Dn lstg ft*...1031 Q-- V *127 .........
Ga Pac Ry l s t g 0 s .. . . 1922 J - J j * ........ 1 24 * 1 9 4 *
* 90 . . . . . . 90 gep.'gx .
8 d g i * s ............. Feb.. 1931 M
Knox A Ohio l s t g 0 s. 1925 J - J 1 2 0 * ...
12U* 13(»*
123* 1 23 *
Rich A Dan ooo-g 6* .1915 J - j i * n * l 2 6
Ptne Creea reg g u a rd s., 1932 J - II •185 ......... 137 Nov‘97! .
P itu C tn A S tL . SssPena Co.
Squipsm x fund g 5s. 1900 M- H * 9 9 * 1 00 * 101 N ov’ V,
Deb 5» stamped.......1997 A - O 107
? C C A 8t L Sss Peon Co.
. . . . . 1 0 4 * D eo'98
1 0 7 * O ct-'9 3 ....... . . . . . . . . . . . .
Virginia Mid g«m 5 s ... 1986 >1- n *113 ....... 112 M a r'90
Pitt* C levA Tol l s t g 8#.. 1922 A - O
Pitts A Connellsv. 3** B A O.
Gtd stamped.......... 1930 H-N *11O ........ 110 D e c'98
W O A W is t c y go 4s. 1924 F - a
...............
90 Peb.*99
Pitta Ft W A ttu Sss Peon Co, ■
PtUs June 1st g 8s.........1922 J - J *130 . . . . . . 121 Nov'9* . . . .................... > West N C 1st eon g 6 a l9 1 4 ;J - J U 18
:
120 1 1 8 * D eo’ 98
Pitta A L Rrte—8dg 5s .. 102*|A-<>1 • n o . . . . . .
" S * H A l^ Sw I, i S .
PtttsMcK A T o—Istga 8s.‘32 J - J •ISO ......... . . . .
3pt»k FalUANor ls t g 0S.1939 J - J 1*100
id g oer
............ 193 4 J - J
6 ta tlsl Ry 1st g o g 4 * * . 1946 J -j> *105
6unb A Ijew—Se* Penn RR.
Me&ee A 8 V 1st g 8s. 1918 J - J •IV# . . . . . .
H
Pitta P A F 1st g 5s.......1918 J - J • 68 ......... 00 Oet-’O
8 /ra Blog A N Y . S44 DLAW.
PittaSh A L B 1st < 9 9 .1 9 4 0 A -O n u
........ M3 Jam’ 99
113
1 1 1 * DbO’98
'I 'e r A o f St L l s t g 4* * . ’ 39 A - O * 110
110 Dec ’98
1st consol gold 5s...... 194 3 J - J •105 ......... 08 F i r *97
i let eon gold 5a. 1894-1944 f - a ! * 18
P itu A West 1st g i s . .. 1017 J - J
103 OOL'97
Feb '09
‘9*4“ 99 h
St L M B geT e r g u g 5 a 1930'A - O *104
6 »*.
J P M A Co certf.i .. .
Feb *90
9 8 * 9 9 * Terre Haute Elec R ygA s ’ 14 O-J*
Pitta Y A Asb 1st oon 3s 19 27 M-N 110
Tex A N O . 8 *4 8 * Vas Co.
eading Co gen g 4 s... 1997 J - j
39
90
9 0 * a m ' Mijg " H i i TexAP Ry 8<tiv ls t g 6s. 1005*71- 8 ) * I 0 « * ......... 1 05 * DeQ’ 08
44
M 2*
118,
1st gold 5 «....................3000 J - D *113 M3
Register ed . . . . . . . . . 1907 J - J
52
5 8 * 1370
Eenas.fi-a* A Sir. M* D A 8 .
t
2d gold Inc. 5a, D ee... 9000* Mdh.
5 3 * Sale
b
19ft
lie h A Dan, 3 44 South Ry.
Third A v 1st gold 5 s .... 1987 J - J .................. 13ft
RIoGr West 1st g 4s ...1 9 3 - J . j
01
9 5 * To! A O C ls t g 5e_____ 1935 J - J M 0 5
........ 106 Feb.'09
94*
95* I t l
9 5 * Sale
Rk> Or June 1st go g 0« 19S2 J - 1) 109
1 03 * Feb.*9* . . . 103* 1 04 *
W eet'ndiv l s t g 5S....1033 A - O l#l0 3 106 103 D e c'98
73
Rio Or So 1st g 3~*a....... 1940 J - J
73 ......... 7 2 * Feb *99
72
73
Ef
General gold 5e.. . . . . . . 1933 j . d
Roeh A Pitta. 3 *4 B R A P.
85 ‘ ’ Feb,'99
Kan A M 1st gu g 4s, ..1900 A - O
Rome Wat. A Og 3*4 N Y Cent.
80 gale
Tol Peo A W Ittg o ld 4s. 1917 j - J
SO
80
Q a ltL akeC ls t g sifts. *03-13 J - J
10-14 »
T S l L A K 0 ls t g 6s tr. 101 fi J -D 1 0 3 * gale 1 0 r *
O t Jo AO I l i t g 2 3-4#.. 104714 - J
lster A Del 1st eg 5s. 193SIJ - n ......... 9 9 * 0 9 * Feb 'W
8 3 * Sale
84
S3J.
88
8t L A AT H. Sas U mol* Cen l. ;
J
ulon Elsv. Sw Bkiya Kiev
It L A Cal. 344 Mob A Ohio*
ijUn El iChUJ 1st g 5 s ....1945 A O
8t L A Iron Mount. St4 M P.
i Da Pac—RR A l g g 4s. 1047 J - J 1 0 4 * 8ai<* 104
1 04 *
8 i L K O A N. 844 WsbMh.
R egiste re d .,.,,,. .....1 0 4 7 J - J '1 0 4 * . . . . . 1 04 * F eb ’ O
w
B U M B r . 844 T HR A o f 8tL
08 Feb.’ W
O
L n. Pac—Tr Ca ctfs g 4 * s
’
M-N
S IL A S F 4d g fts Cl A ..19 0 * M -N 1 1 4 * . . . . .
U P DAG 1st o g »s trrc- 30
*80 ‘ * Sale
88*
8
lit
1 14 *
1 4 gold 0s Class B.,..*1908|M- N 1 14 * . . . . . “ 1 5n Hit
114 114* CnlN J RHACCo. 8 *4 Pa Hit
Id gold hs Ciass 0 . . . . . 100 h M- H 1 1 4 * 3ai* 1 1 4 * Feb *90
1 1 4 * 1 11 * Utah A North. 84 * Ore 8 L.
l i t g fis Pieros C A 0..191U
*110 . . . . .
Utica A Black K.
N Y Cent
©enerai gold fl*........1 9 3 1 | - j | 198 Sale 1*3
y or Val lad A W. 8 *4 Mo P.
133 194
19.3
j
Jenagelgold 5 s........1 9 3 )
108 . . . . . 198
107 109*;;
. MXL 844 South Ry.
1 0 **
l i t trust gold 5 e . ..... .1987 A -O ' ►
102 . . . . . 109* 102*
1 1 5 * 1 14 * 115
t 0 2 * 105
W a b 8 8 Co 1st g $#.. !0i*W H-N
r t S A V BBdg l s t g 0#, 1910 A - o - ' 4 0 7 * , . . . . 103 O«t.*07
94
95
0 4 * Sale
......a .,..
•* 3d gold 5 t .. . . . . . . lOJy, P - a
Kansas Mid ls t g is ..1937 J - D;< 80
•
Debenture tense A ..., 198v;j - J
BtL A 8 F KKtf 4*. ...1 09 * J - JI
8Y*
32 H3
88*
Settee B .. . . . . *........... 193V J - J
35
30*
8 3 * Sale
South* Dir l *t $ 5 a .. 1947 A -O
too
1 0 7 * ....... 1 07 * t08
69 08 101
lstg S eD etA C h Ext. .1041 J - J
lOt
f t L So. 844 Illinois Cent.
StChas Bndge 1st a 0s. 100* A- O H O * ....... 113
112
BtL a w is t g i« b d o fs .i9 8 0 M -N !
19’
9 4 * 9 3 * Warren HR. 8 *4 Del L A W
l* 9 a le
90*
3d g 4s lac bond I l fs .. 1930 J - J I
5 9 * 195 4 0 * 5 5 * Wash OA W. 8 *4 Southern '
5 .*
IH Sale
Bt Paul City Cab. c g 5s 1997 J - Jl
7 108 1 0 3 * West N T A P * — lstg 5s. 1937 J - J n o * ..... 11 0 * M ar*96
108*1
109
Guaranteed gold 5 s ... 1937
113
G«n g 3-4 s .................... 104 l A - o
30*
03
6 9 * Sale
tiP a u l A Duluth 1st 5s. 19 3 1 F - A 130 i t s
130 123*,
Income 5s-----Apni, 1941 Nov.
i * r Feb *99
8 0 * Bale
19*
3 0 * lo ?
3d 5 s..............................1917 A -O 113 115 i n
West So Car. Srs South ity.
118 115
F eb '99
1st CO g 4s...............I f ft S J - D ! 96 101
Western Pam S*4 Cent Pac.
• iPaal M A 1 2d 6 s ....1009 A- O 13 3 *
4
1*4 Mar *9# . . . 134 1 94 * W Chic St 40-yr 1st cur 5s. ’ iM .71-N
Dakota ext gold 6 « ....!9 1 9 M-N i* iM
40-year con g 5s.......... 103d M-N
8 1 2 4 * 135*
99 D ec'97
1 * 4 * 135
1st c o w l gold 0s.......1933 J - J
5 1 3 8 * 1 30 * West Shore. 8 *4 N Y' Cent.
139* 139*
-- •
. 108a J - J
1 3 7 * Feb *90 ...i 137* 137* W Va A Pitta. 844 B A O.
Reduced to gold 4 * s lv •
111 1131. 1 1 3 * 1 1 3 *
13 Jan.*00
3 I U * 118* w V a ca n t A P istg d s .1 9 1 1 J - J
Registered........,.,1 9 3 3 j Wheeling A L K ls t g 5s. 1096 A - O
1 09 * Mar’ V '
108 Feb *99
Mom Ext 1st gold i s . . 1937 j - d lVH< 9*1V ’ 107
Trust Co certificate*...........
1 0 7 * 54 i o i * 1 0 7 *
96 1 04 * D eo’98
s « l « w r * d . . - , .......... IDS? J -[)
104 Jan. *90 .... 104 104 • Wbwe? in* 1st gold 5*. 192* J - J
9 6 * Mar *09
98
Mtoa Onion l i t , #*...10*3 j . j
9 3 * M ar'9 m
Bxten A Imp gold 5s.. 1930 P - A
1 93 * Jam’98
M ontC i .t , a ,
l» 3 ? j . j
........ WUkee A East. 844 tf Y 8 A W
180 oet-’ow
...............1 » S T J . J
.................... Wll A SIOUX F. Jss St P M A M
115 A pr'97
l i t | W gold S ........1.37 J - J
a sh up
w in o o « * a tp , m o i n w
U 5 Feb *90
.................1»37 j . j
34 N ov’ 97
. . . . . . . . . . . . WlsOentCo Isttrg S s . ,1087 J - J
EM l l t d l , U t*5»._l»<W A -O U 1K
111*119*
Engraved trust certificate*,
1 1 3 * Mar'09
60*
68*
6 3 * Bale
a w i M l w l ............. 1#0» A -O
....................
Income 5 a . . . . . . .......... 1037 A-O*
0 F o b '99
SfordlT H t g t . .......1 » ,8 A -O
B «tit«r<i,l— .. . .191- \ . o
.
GAS A ELECTRIC LIGHT BON D8.
W ill* 3 r l i t . S i...,1 .3 S J -J)
. Atlanta G L Co ls t g 5s. 1047 J - D
**3 Aa«*0H
...........
193*pj . D
0 1 * OOL’ 98
. Boe U Gas tret?* s f g 5s..'8W J - J
I t P * Nor Pac. St. Nor P h i
Bslyn D Gas 1st con g 5 s..‘ 46 M -N 1 1 7 * 1 1 8 * 1 17 * 1 18 * 63
St P * fl* lC t t 7 .S « 0 8 t P M * o j
C b G L A C C o . 8*4 P G A C C o
8 V e P ra n A P h l i t , S ,.iM 2 lM -S
. Columbus Gas l s t g 5*.. 1982 J - J
I U » i P. ,3m So Pm . Co . i
I 'on Gas Co. 3** P G A C Co.
f t P * S P l I t l l , 5 1 ...1 9 1 8 J - J
10O* Oct.’97
J r>etroltCity Gas g 5 s ,,.. 1923 J - J
95*
96
9 5 * Sale

Low.H\gK

Coast Co—1st g5s.i94ft
P ac o f Missouri. See Mo Pac J - D
ao

125* 125*

1 0 3 * 106

no

107“ 1*12*
87*

97 *' 108*'
7 7 * 80
103 1 0 5 *
100*113
100
90

th u .

O U T8ID E SE C U R IT IE S
P e r r y C o m p a n ie s .
N Y A S R Ferry—Stock,
Bonds 5s o f 1933, MAN
N Y A ohogan—atoo*
1st 5* 1949............. JAJ
N 7 A 8 B Trans A F*rr?
B4-.n,u S» fif 1900 MAN
1 0 » ,* *3d 9*s t'.r r j .. ,
1st mort 5s 1910...JAD
Onion Ferry—B lock........
IM S, I,SO.......... M.fcN
1 Buyer pays accrued
tP rle e p er share.

Bid. Ask.
75
77
4 99 100
5»M 00

.....

2ft
30
93
l m
93
m
1100 100
45
40*
#103* 104
Intern
'U

h i

.

t o n J ua«.

(GrvBs

t o a , Jair.

at foot of

7

I D u lU rotL

. bam Jv l

fB oh As d u Sov.

.T b w o rtro option

oonsecctivb pagbs ).— FERRY

Jl la cci Ia n co u a. Par, Bid Ask. | M l see lin n r o u a . Par.
A If P f i . o r N T .100
64
06 ' S-merican Screw.......,250
Amerlc'n Axe A T o o l. 100
20
31
Am Soda Foun—Com , 100
Amor Beak Note C o ., ,50 t 43
45
1st preferred , , . , . .100
31
American Beet Sugar—
83
2d preferred............100
82
84
Preferred ............... —
AEnerlcan Brake Co. .100 111
117
kmen can g o r a t y 00
A m C*r A F oun dry,. —
3 0 * 3 1 * Araor Tin P late-N «r 8tnc
Preferred . . . . . . . . . . . . ,
68
Pr o f erred—see Stock E
««M
Bnbeerlpf Ions.
Km T yp efo’ r*—dtook.100
50
A mer. Caramel—Com .. ..
Vmer Sewing M achine..5
45
P r e fe r r e d -..,............... to o
\mer 8 ira w b o a rd ....l0 0
Vmer Malting Co—3 *4 8? nek K x list. 4mer Wringer co m ... 100
P ref.......... .......................
Amer Pres* AMoe’ n ..100
95 105

m

1 08 * 1 0 6 *

iO0* * i o s *

1 04 *
114*
115
124
ii9
138

Ask, f
140 |
10 i
58
20
Kx r i

104*
117
110*
1 24 *
j ‘ ii*
2
183*

110

112

*9*6”

V i'

1 06 * 114
4 ^ * 54
3 5 * 126
104 100
85*
80
09

100^1

102*100*
104* 1 04 *
6 7 * 06
87* 92*

13
94

115*
100

88* *36*
,0 5 * 109
iuu!4 I t s
i OS* U OH
Si
08
I .H 80H

118
lO i
B»H

S8

0

118
108
,9 «

70W

108

H U M U S*

»S M *7H

1«

<k M ISCELL’S.
f

iT Ila ccIln n co n e . Par.
tm or Grapbophone.. . . lu
Prof errod .................,10
Anderson (John) Tob.100
Automatic V ending... 10
Earner A8m Car-Corn.! 00
P referred............. ,,100
B« 1912 .................. JAJ
List, j
Boren A Eng Br—See Pbl
1st,
lut ftn....................... .
54
Blackwell n Durb T ob.25
3 2 * 3 8 * Oils# Company—C o m .,50
102 | P referred .......... . ... .5 0
101
Bond A Mort G u ar-.. 100
1)4

Bid.
tu n
5
53
15
St'ck
210
k Ex,
xch. L
60

109
99*

107* 107*

U

hkm

90

189** 189*'

R

•Eo p r t c r n d . r ; I t t m W4 m l

no*

1 0 0 * io ifc

Bid. Ask
t !»> . IS
t 1 9 « ISM
12
11
4
t 1H
23
27
7J
02
103
108
1.11st,
107
t 18
69
t 50
65
t 60
225

THE

466

CHRONICLE.—-B N PRICES
OD

(J i

pages) P a g e 6.
P r ic t
F rid a y ,
M ar. 10.

BONDS.

BONDS.
H .Y . STOCK E X C H A N G E 3
W bkk E n d in g M a r . 10.

N. Y . STOCK E X O H A N G E
W e e k E n d in g M a r . 10.

D«t Q u C o o o n 1st* 5 s..1918
■d Bl 111 1st coot g St.. 1910
!■* «»n g 9k .................19981
,
■ d B l ill B’ klyn 1stg 5s. 1940
Baglatsrsd............................
I q O u L N Y ls t o o u g S s ..'39
I q Q f t Fuel. See P Q A CCo.
G«n uaeo Co deb g 8 s ... 1922
Gr RjkdG T Co 1st g 5 s .. 1918
i
K C Mo Gas Co 1st g 5*. 1992
Lao Gm - L Co o f StL 1stg 5s’ 19
tjnmii bonds..................1919
lin t Fuel Gas Co 8 m PeopGaa
P co Gas A C lstgu gfts. .1904
Sd gtd g 8s................... 1904
1st oonsol g 8s.............. 1943
Refunding g 5s............. 1947
Registered................. 1947
Oh G-LACk© ls t g u g 5s'37
Oon G Co o f Ch 1stgu g 5s'38
l q G A F Ch ls tg u g 0 s .'0 5
Mu Fuel Gas ls t g u g 5.1947
Westn Gas Co col tr g 5s...’ 38

PI Valley Coal 1st g 0s.. 1920 M- N
Procter A Gamb 1st g 0s. .’ 40 J - J
8t L Ter Cupples Station A
Prop Co I s t g 4 * s 5 -2 0 y r , 17 J - D
8 Yuba Wat Co con g 0 s ..’ 23 J - J
Sp Vol Wat Works lBt 6 s.’ 06 M- 8
Stan Rope A T 1st g 0s.. 1940 F - A
Incom e g 5 b...................1940
Sun Ok Coal 1st g a f 0S..1912 J - D
TennCoaJTDlv l s t g 08.1917 A-OI
Blrm Dlv lBt c o n 0 s ... 1917 J - J
Cah C M Co 1st gu g 0s..’ 22 J - D
De BarC A I C o g u g 0 s.’ 10 F - A
U S Leath Co s f deb g 0 s .’ 18 M -N
Vt Marble 1st s f 5s.......1910 J - D
W est Union deb 7s. .1875-00 M -N
Registered............1875-1900 M-N
Debenture 7 s.. . 1884-1900 M -N
Registered........ 1884-1900 M -N
Col trust cur 5s............ 1938 J - J
Mut Un Tel 8 f ’ d 6 s ... 1911 M-N
Northwestern Tel 7 s .. . . ’ 04 J - J
W h L E A P C Co 1st g 5s.’ 19 J - J

B id .

[V ol . l x v i i i .

W eek's
Range or
L a st Bale.

101

I*

H igh. N o.

A s k . L ow .

80 Sale
30% Sale

I?

R ange
sin ce
J a n . 1.
L ow H ig h

F e b ’ 97
8 7 * 25
30% 230

85*
29*

84*
23*

90*
32%

103
108

.......
Sale

107
108

107
1 08 *

10 % 1 09 *
101 110

101
119

104
.......

103
118

104
1 18 *

90 105
1 1 0 * 118*

103
105

Nov’ 98
M ar’ 98

115
112

Mar
M ar’99

1 1 2 * 1 15 *
112 112

GOV. SECURITIES. (For daily record, see seventh pa
receding.*)
MISCELLANEOUS BON
99 Feb.’ 99
99
99%
9 registered... .Optional Q- M QUU
dams Ex—Col trg 4s. 1948
107* i(>7% 107% F e b ’ 99
1 00 * 107%
s registered.............1918
m Cot Oil deb g 8 s ... 1900
1 0 7 * Sale 107
107%
100*108
9 coupon ................1918
Am Dk A Imp 5fc See Cen N .1
in
112%
9 registered........ 1907 - J t 111 111* 1 1 1 * 1 1 1 *
Am Spirits Mfg 1st g 0s. 1918
112% 1 13 *
9 c o u p o n ... ... .-----1907 > J t 112% Sale 112% 112V
ar A 3 Car Co 1st g 8b. 1942
128 129
9 registered............ 1925 Q - F 128 129 1 2 8 * M a r’ 9!
k’ n W i W H lstg 5 s .l9 4 S
128 129 128% M ar’ 99
128 129%
9 cou pon ............................1925 Q - F
ahCoal Min. Sm T C I A R .
9 registered........... .1904 Q - F 1 1 1 * 1 1 2 * 1 1 1 * F e b ’ 99
111*111*
nic Jc A StYd col g 58.1915
111*
112 * 45 1 1 1 * 1 1 3 *
111*
9 cou p on ............................1904 Q - F
Non-cum. incomes 5s. 1907
Olearf Bit Coal. Sm N T C I H
Ool C A I 1st con g 5 s ... 1900
STATE SECURITIES.
O olC A I Dev Co gu g 5s.. 1909
112 *
112 *
Alabama—Class A 4 to 5.1900 J - J 109
110 112*
Coupon off............................
105 A u g’98
S m a l l ... ... ... ..................
Ool Fuel Co gen gold 08.1919
Class B 5s...................... 1900 J - J 109 .
108 Sep.’ 98
Ool F A I C o g e n s f g 5s. 1943
104 N ov’ 98
Class C 4s.......................1900 J - J 100 .
Com Cable Co 1st g 4s... 2397
Currency funding 4s...1920 J - J 100 .
R egistered....
......... 2397
Dist o f Columbia—3*05s.l924 F - A 117 .
118 N ov’ 98
eBardei C A L S teT C & l.
1 0 9 * 1 09 *
Louisiana—New con 4S..1914 J - J 1 0 9 * .
108* 1 0 9 *
el A H Can. See RR bonds
1 0 9 * Feb.’9w
Small...............................
109*109*
Det MAM Id g r 3 * s 8 A.1911
Missouri—Funding. ..1894-95 J - J
■rteT A T col tr g s f 5s... 1920
i o T N ov’ 98
Nortn Car—Consol 4 s . ..1910 J - J
Gr Rlv Coal A C 1st g 0s. 1919
J -J
S m all................. .............
Hack W at Reor *stg 5s. 1920
128** Feb.’ 9b
0s.................................... 1919 A - O 130
H en d B C o 1st s f g 0s...1931
So Carolina—4 * s 20-40.1933 J - J 1 1 5 * Hoboken L A I g 5s.......1910
98* 97*
Tenn—New settlem’ t 3s. 1913 J - J
9 6 * 98
97*
1 Steel Co deb 5s.......1910
1
J -J
95 F e b ’ 99
95
95
Small.................................
Non-conv deben 5s... 1913
8 3 * 85
84
84
Virginia fund debt 2-3s .1991 J - J
8 2 * 87
Iron Steamboat Co 0 s ... 1901
J -J
R egistered.......................
JeffA O learC A I Istg 5 s l9 2 0
6s deferred bonds..........
2d g 5s............................1926
8 * Sale
Trust receipts stamped.
8*
Knick Ice (Chic) Istg 5 s.l9 2 8
tH
ad 8q Gard’n ls tg 5s.l919
UNLISTED BONDS.
e t T A T l s t s f g5s.l9 18
04
95
Atch Col A Pac 0s tr ctfs.
6
Registered....................1918
A tch J Co A W est 0s tr ctfs.
04
04
1
Mich Pen Car Co 1st g 5 b.’ 42
9 7 * Sale
B A O prlien 3 ^ s (w i).1925
97*
9 8 * 223
Mut Un Tel Co. See Wn Un.
9 8 * Sale
1st mort 4s (when iss). 1948
98
9 9 * 103
at StarchMfg C olstg0s’ 2O
8 7 * Sale
Ceu.P*ic M .3*s (when i?s’ d).
1 ’ wptNews 8A D D 5s. 1990
87
88% 167
1 0 0 * Sale 1 0 0 * 1 01 * 672
I st mtg (when issued)...... .
N Y A N J Tel gen g 5 s c y .’ 20
8 7 * 8ale
87*
87% 128
■ Y A Ont Land 1st g 08.1910
Col A Soutn 4s (when issued)
NoWestn Tel eg. See West.Un.
Pittsb A W est 5s tr ctfs.......
57% Oct.’ 98
Sou.Pac.col.tr, 4s (when is-.
80% 8al«
85
87
Peoria Wat Co g 6 s .. 1889-19
049
* No price Friday; these are latest bid and asked this week, t Bonds due J uly t Bonds due May. I Bonds due April. Bonds due January. aThese are option sales

A

B
G

D

1

M

O UTSIDE S E C U R ITIE S (G iven
m is c e l l a n e o u s . Par. Bid. |Ask
Carter-Crume—Pref. .100
55
75
Celluloid Co..................100
85
05
Cent America T r’nslt.100
1
M
Cent Flrew’rks—Com. 100
0
10
P referred................. 100, 45
50
no
Chateaugay OreA Ir 0s ’ 15 30
10
Ches A O Grain Kl—I n c ..
17*
05
75
4 s ..................................
Chesebrough Mfg C o .100 325 840
Claflln (H B )-ls t pref.100 100*
2d preferred............ 100 ’ 0 0 *
Common—See Stock Ex list.
Clark Mile End Thr’d.100
75
70*
Collins Co....................100 113
Color. A South 4s—See Sto ck Ex. List.
Col H * A Tol (wh iss)...
20
22
P ref (when issued).......
50
58
Bonds 4 * (when Iss’d). 101 102
Consolid Car Heating.100
40
50
Consol Flrew’ ks-Com.100;
5
Preferred................. 100] 50
Con Kan C Smelt A R ef.25 t 22
Consol Rolling Stock. 100] 24
Contin. Tobac. Co............
50
P refe rred .....................
88
Cramps’ bh A En Bldg. 100 75
Diamond Match C o ... 100 148*
Electric V ehicle.............
75
76
Preferred........................ 100 102
Ensley L a n d ...,............... | ......... 20c.
Eppens 8m A Wlem. .100 ........ 80
Eastman Kodak C o ...100 100 110
Erie A Western Trans.50It 3 8 * 40
Fidelity A Casualty.. .1001 250
Fidelity A Dep (B a lt)..5 0 't 70
Galveston Wharf—1st 5s.
99 100
Genesee Fruit............100
German Am Real Est.100
28
Exch list.
Gorham Mfg Co-Com.100,
100
P referred........ ........ 100, 114
118
Great Falls I c e ..........100 120
Hartford Carpet C o.. 100
Bl
Heck-JoDes-J Mill-Pf.lOO
55
00
1st 0s 1022............ MAS! 95
90
Her’ g-Hall-Mar(aa»t p’ d).
2
i*
Preferred (asst p’d) lOOj
8
12
Hoboken Land A lm p’t j 100
5s .................................... 105
International Klevat.lOOj 75
80
International N avig..l00 102 105
Intern at. Paper—See 8t’k' Exch list.
112
International P u lp ... 100
internat Stiver—Bee Stk. i Exch. list.
Do
do
pref. i 80
83
Do
do bonds.11106
107*
iron Steam boat,........ 100
10
0s 1801.................... JAJ
00
John B 8tetson—Com. 100: 80
P referred................ 100 n o
116
Journeay A Burnham. 100'
s
Preferred........ ....1 0 0
20
Knlckerb’r Ice(C blc)-S«r St Ex List.
Knlckerb Ice—Bonds 6 s ..
97
Lawyers’ Surety.........100 100 105
145 150

at foot of

7 consecutive pages)__ B A N K S & M ISCELL’ $

m is c e l l a n e o u s . Par. Bid Ask
00
75
Liberty Silk Mills.......100
85 100
Preferred................. 100
Lorillard (P )—P r e f...100 112 117
5
Madison Sq G—Stock. 100
2d 0s 1919............MAN
25
35
Maine S S....................... 50 \ 20
Merch A Miners’ S S__ 50 I 00
35
45
Mech’nical Rub-Com.100
80 100
Preferred.............. ..100
Mergenthaler Linot.—See
Meriden BritanntaCo..25
Mtch-Pen Car—Com.. 100 43
90
P referred ................ 100
1st 5s 1942............MAS 100
Minneapolis Brew 1st 7s. 105 107
Mosler S afeC o.......... 100
100
Monongabela W ater.. .25
Nat Biscuit—See Stock Ex Li U
H
National Casket C o .. .100
45
National Saw—P ref. .100
25
National Surety.........100
1H5
National Wall Paper. 10G 55
05
N Y Loan A Im p........ 100
50
N Y Biscuit 0s 1911. MAS
117
New Jer Zinc A Iron.. 100 105
N Y A ir Brake—See N Y 8 took E xch.
Nicholson File Co........ 50
Nicaragua Construct. 100
10
Otis Elevator—Com
38*
38
Preferred............. ...
88*
Peck, Stow A W ilcox. .25 t 18
Pegamoid, p re f..........100
35
55
Pennsylvania Coal.......50 340
Penn. Steel—See Phlla. Its
5s 1917.MAN................
Penn. Water—C o m ,...50
0
Phil A Wll Steamboat.50
70*
Pneumatic Gun Car’ge.l©
3*
Pratt A Whitn—Com.. 100
8
4*
Preferred................. 100
30
42
Pressed Steel C ar..
02
03
Preferred.............
87*
97
Procter A Gam ble... . 100 285
Preferred................. 100 185
ILL Perkins Horse Sh. 100
Preferred................. 100
30
40
* Roy Bak Pow p f (w. i.).,.
8 9 * 90
Rubber Goods M fg..........
81
Preferred.............. .........
77
79
Russell A Erwin............ 25 t 53
Safety Car Heat A Lt. 100
Schwarzchlld A Sulzb.100
40
45
8emet-8olvay deb 5s
101
Simmons H ’rdw-Com. 100 130 140
Preferred................. 100
, Singer Mfg Co.............100 475 480
|Standard Oil................100 477
StamDlst. A DIs.—See Sto
List.
Stand Und’rg’d Cable. 100
j Sloes IA Slst 6 b 1917.FAA
93
Southern Cotton O il.. .50 t 45
Stat Isl R T lBt 0s’ 13AAO 107
2d 5s 1920............... JAJ
90
; 8tillw-Bierce A 8m-V.100
Swift A Co................... 100 97
100
1 1st 0s................... . . . m . 1107
112
Susq Goal 0s 1911___JAJ 117

M i s c e l la n e o u s . Par.
Term Wareh—Stock.. 100
1st 6s................. .............
Debenture 0s..................
Texas A Pacific Coal. 100
1st 0s 1908............AAO
Title G u arA Trust ..100
Trenton P otV -C o m ..l0 0
P referred..................100
Trow Directory-New. 100
Union Switch A Signal. 50
P referred ................... 50
Union Typewr—Com . 100
B anka.
N. Y. CITY.
Am erica*. . . .
Am E x ch ... .
A s t o r ...........
A stor Place*
Broadway....
C entral........
Chatham . . . .
Chemical......
C it y ..............
Colonial1 . . . .
*
C om m erce...
C ontinental.
Corn E xch*..
East R iver..
11th Ward*.
Fifth A v e * ..
F if t h ............
First (St Isl)

Bid.

Ask.

370
175
400
240
280 300
232
03
160
290
305
4000
135
1500
150
150
213
128
325
125
220
2800
220
3500

F o u r th ........ 105

Greenwich*.. 105
110
H ide A L ’ath 105
Imp A Trad. 605
155
200
100
750
! Manhattan*. 220
Market A Ful 220
190
Mech A Tra*

B anks

Metropolis*..
Mt Morris*..

N Y Nat Ex..
19th Ward*..
North Amer.

Republic —
Riverside*...
Seaboard. . . .

105
S ix th ............

G a lla tin ..... 310
1100
115

As» ■
M i s c e l la n e o u s . Par. Bid.
10
Un Typew—1st p re f..100 100*
70
2d preferred............100 115
70
United Shoe Mach -See B o*t. Li
03
Preferred—See Boston List.
1107*
U 8 Glass—Common.. 100
JO
825
P referred .................100
05
17
13
U 8 P rojectile C o.......100
00
02
57
Wagner Palace C ar... 100 > 188
45
55
Westingh A ir B rake.. .50 tl9 5
t 86
Willimantic Linen C o ..25 t 25
98
tl2 4
W orth’t ’n P ’mp-Com .1001 43
128
22
20
P referred.................100j HO

100

Bid.

Ask.

170
115
158
150
175
130
150
325
1460
90
230
100
80
150
150
170
510 020
200
92
300
118
170 185
190
192
450
135
97*

State o f NY* 110
12th Ward*.. 120
28d W ard*... 100
245
Union 8q*.... 185
West Side*.. 300
200
Yorkvllle*.. 190
BR ’ KLYN.
215
Broadway*.. 190
Brooklyn* ... 125
104
400
Fulton*......... 180
90
105
Kings C o*.... 100

200
130
95
107
200
100

no

B an ks.
Mechanics*..

North Side*..
People’s* —
8cherm’rh’n*
17th Ward*.
26th W ard*.

Bid.
200
195
250
280
330
100
190
140
105
200
140
115
105

W allabout*..
T r u s t (Jos.
N. Y. CITY.
A m Dep A L.
Atlantic T r .. 185
Central Tr’ st. 1950
City T ru st... 350
430
Consolidat’d.
C ontinental. 250
Farm Ln ATr 1390
Fifth A ve Tr 350
Guaranty Tr 550
Knick’rb’ ck’r 325
100
Mercantile .. 520
Metropolitan 320
N Y L I A Tr 1400
N Y Sec A Tr 425
North Amer.
Produce Ex. 215
Real E stT r’t 225
StandardTr’t 225
State Trust.. 400
Union Trust. 1300
US Mtg ATr. 400
Unit. States.. 1400
Washington. 290
b r Tk l y n .
Brooklyn Tr. 400
32*
295
S10
L Isi L A Tr. 250
240
178
People’s---- 3-»«

1 * Banks marked with a asterisk (*) are State banks.
1 5 Purchaser also pays accrued interest.

108
120

sc.
31
75
1 00

190

A ik.

260
345
175
195
150
115
146
115

195

900
1410

1450
230
-■.!»
430
1300
410
310
235
250

t Prioe per share. ^

THE

M arch 11, 1899.]

CHRONICLE

467

B o sto n , P h ilad elp h ia and B altim o re S to c k E x c h a n g e s — A D aily and Y e a r ly R e c o r d .
- j r S h a r e P r i c e * —N o t P e r C e n t u m
S xiu rd a y,
M a rch 4
247 447
S7% B7H
•2S3 . . . . . .
* 70 . . . . . .
140H U IJi
140** 14844

-245
67
87
i.s-i-j
170 17054
1374$1394*
147 148
12894 1*8
*4
1S6U 128*4
•34 .........
48
48

245
87
•213
'170
133
147
137*4

245
87

84
43

Si l
187*4
114
370

841
133
11494
381
89
785
2Of
67
40
123*4
129
0194
50*4
•25

•215
•Sa*
*333

34
46

314
110*4
US
301
90
770
8 fu
67
41
ISO
130
92*4
51 *4

.....

...
139
148
123

ST-4

1 3 S «1 3 »H
1 4 0 * 14644

34
40
59
59
114*4 114*4 114*4 114*4 114 U 4 H
*37
30
....................
95
95
94*4 9»$4 *......... 9 3 * •94
37
67
36
*60
•65*4
*33
23
2094 28*4 29)4
85
2544 ae
*0
8*4
•3
*6
93
*0254
3144 5134 5154 51H
•5144 W 4
3 1 * 52
•70
*7844 764< •7844 7394 '7*M 79
201 201
•201 ......... 201 201 •201 . . . .
41
42
4334 4334
6 5 * 6544
3554 854| 65*4 63*4 00
9 7 « 00
97* 97|t 07
9714 97H
h
m
l i 5 -ia 1144
U H 12
U* 1* 12>4 13 0-10
b
31^4 334*
1534 17H 13 18-13 17
I T * 19H
464«
40
3
47
47
46*4 46*4 4 * ‘4 48*<
7914 7944 76H 7614 7894 70*4 79Hi
;
35
36
3534 3544
3 3 * 3rt
2(54 21*4 31H 22
21
2 iH
2154 91H
42
4234
4*3 44
94
Vi
W 9*H 94*4 01H 04
?*
34
46
59
114

34
46
59
114

*33

.....

348
l*W
115
370
& 92*4
ii*4
770 775
23*4 24H
6844 67*4
40
43
129 132*4
129 132*4
03*4 93**
50*4 514<
*24 . . . . . .
4 2 « *2*4
l?W 10*4'
15* 153*4
39*4 13V4
27H 96*4.
145 145*4!
4244 44 ,
36
38*4'
1H 50H 40 49 *
1M •1*4 «
50
83
63
68
33
• Bid and asked art

34744 350
<.3854 130*4
•114*4 115
•387 373
94*4 05
770 770
23
«:TM
87
67
40*
130 131
129 129
93U 95
2254 5254
•25 . . . . . .
•42
43
16U 17M
•158 154
40
43
2?*4 2714
144*4 144**
44
44*4

B AIL h o a d s .—P rices
A t Top A 8 F e.. (Boat) 100
kti A Charlotte (Balt) 100
Bos 4 Maine pf.( Boat) 19C
Boston A Prov. ,4 100
Gat wtsso 1st pf (Phil) 30
Central Mass... ( Bosk) 100
Pref............. .
M 100
Oentral Ohio.. . ( Bait) 30
Chia A W MlchJ Host) 100
Cit'eet101 Inds? ( Phtl) 100
Conn A Pa*sam( Bost) 100
Coon Rt*- r . . .
4
4 100
C o o ^ i T r P ttu t( Phil > 50
P r e f* .,... ... *
*
50
runt A Pare M. ( Boat) 100
Pref. ................ 4 too
4
S ’ lraant n PassiPhil) 50
Heaton ▼M A T •
*
50;
P re f....... .
501
Hunt A Broad T 1
4
50
P re f.................. 4 50
4
K C F t8 A M ..(B oet)t0 0
P r e f................. * 100
*
Little Schuylk. ( Phil) 50
Maine Central. <Host) 100
KUMBiii A S B .(P h li) 50
Xesquehon’* V. 4
4
50
Wsw England..(Beet) 100
P r e f .............. 4
4 10O
North Pena---- (Phil) 50
Phil A B rio..... 4
4
50
Phil Germ A N . 4
4
50
United N J ....... 4 100
4
United Tr o f P
4
4
50
P r e f...* ......... **
50
West End pref.<Bost) 50
West Jer A 8 8.(Phil) 50
W e e tN Y A P a . 4
4
50
W laeon Central ( Sort) 100
P re f.................
4 100
4
Wor Nash A R
4
4 100
MISCELLANEOUS.
Allouss Mining (Boat) 25
Am By » U . ? . ( P h U ) . . . .
Arnold Mining (Best) 25
A.«fc Bed Mtn'g.
25
Atlantic Mln’g. 1
4
23
Baltic Mining ■ 4
4
35
Bay State Gas?. ( Bost) 50
Berg*Eng »r-w 1Phli) 100
P re f................. 4 100
4
Boston Klee LL(Bost) 100
Boston Land... 4
4
10
Cembtfa D on ..(P h il) 50
Oenton Co........(Bart) 100
Centen Mining. ( Bomt) 35
Daylight Ptisra.( Phil 1 50
Do®in C oelp f Best) 100
Bdiecm m nu
'• too
Elec Co o f A ra l! Phil) 50
B eet Ychtete?. 4
4 100
Blectrr#* Corn’ ll ”
50
Pranxitn Mln’a Boet ) 25
9eae?al Kinct.. 100
P r e f.............
4
4 100
El A u t o M 'i PhflV 50
In * Bet H A S M { Beet) 10
W e B oyaleT,,
4
4
35
Mered^n pref? (Phil) 100
Ms rgenthftier.. <Boet) i 00
Telephone *
*
10
No Am • Dredg ’♦
10

311
130k
115
343
90
705
23
87
4044
149
130

345
143
115
370
01
785
333,
67
41
180
130

5H»

5 i*

fi*
ta
18*4
50
131
150
3 ,i*
27*4 ‘i 7H ' 3744
145 4 14 ! 14514
5*4
42
4194 42
3794 38
37H
1M
•40M
09*4
no sale w*. imade-

IMACTIVE STOCKb Bid,

j AJtfc.r

Jfan 10 .
ss>
H
u«
h

P r ic e * .

W ednesday T h ursd a y,
Ifa r c h S . M a rch 0.

T u esday,
M a rch 7.

M onday,
M arch 6.

43
19
150
<ow
27 U
l 44
4<
3TK
1^4
el

F r id a y .
M a rch 10.

....

S h a res

R a ilr o a d S to ck s.
245 215^ ♦245 248 Boston & Albany................( B o s t o n )....1 0 0
87*4 87*4 Boston Elevated................
00
“ .... 100
•233 II(tM •333 ....... . Boston ALowell......
4
4
....1 0 0
•170
•171
....... Boston A Maine.................., ,
“
....1 0 0
139 1404ji 13»94 189 Chic. Burl. A Quincy.............
“
....1 0 0
140 146
143 148*4 Chic. June. A u n .S tock Yds.
“
....1 0 0
•125 136^
4 ....1 0 0
4
P referred.............................
12794 12794 Okie. Milwaukee A St. Paul. (Phila.* ....1 0 0
34
34 Ghoctaw Oklahoma & H alf..
•38K 34
“
. . . . 50
48
4 *4 4 4 Preferred. . . . . . ......................... “ . . . . 50
0 04
40
*58*4 5*H Consol. Traction o f N. J .? ...
“
....1 0 0
114*4 1(4*4 Fitchburg, pref.......................( B o sto n ).... 100
U 4 H U *H
•36
42 Ga. Southern A Florida........ (Balt.) ....1 0 0
__, . , ,T,t1f *03
05
1st p r e fe r r e d ....,,,................
* ....1 0 0
*
•62
65
68
* ...
2d preferred.......................
“ ....1 0 0
29
2 8 * 30
29 H Lehigh V a lle y ........................( P h lla .). . . . 50
«* Mexican Central.. . . . . . . . . . . . (B oston)---- 100
*93
93 Northern C e n tr a l............... (Balt.) . . . . 50
93
93
• 5 l « 5lt* •5144 5174 Northern P aotdc.......... .
(Phlla.) ,...1 0 0
•79* 73*4 *78H 76H Preferred.................................
“ ....1 0 0
•201
;1*20
1
Old Colony...................
(B o s to n ).... 100
41
42*4
Oregon Short L ine....................
“ ....1 0 0
60*4 0054 Pennsylvania..........................(P h lla .)..,. 50
66*4 *«w
99 |x97
9~
09
Philadelphia T r a c tio n .....* ,
“
. . . . 50
12*4 13* Reading Company........
12 3-18 12 k
“
. . . . 50
33 H 3 '
3
1st p r e fe r r e d ......,,..........
“
. . . . 50
1774 18 1-10 2d p r e f e r r e d .......,, ...........
m i
** . . . . 50
45S4 46 j Union Paclflo............ .......... .(B oston ). . . . 100
48
733, 77*4 7344 P r e fe r r e d .............................
4 ....1 0 0
4
35 W 3594 Union Tract k m ........... .........(P h lla .).... 50
35H 36
21*4 9 1 Catted tiv A Elec. Co (vr, 1.) (Balt-) ............
22
4344 4344 P refer/ed (w h en issu ed )..
44
44
4
4
....... .
2-*H 04*4 9 114 West End S tr e e t............... .{B o sto n ).. . 50
t lla c e l l a n e o a s S t o c k s .
344 345 American Bell T e lep h on e...(B oston ).. .100
•343 315
14 144 I UH American Sugar Relining f . .
.1 0 0
14 j *4 144
.100
"
1151, U5H 115*2 U 6 ll P re fe r re d ?.,..........
387 873*4 Boston & Montana-...................
367 367
*
•
. 25
. 35
89*4 VOSi 60*4 80 m Butte A Boston . . . . . . . . . . . . .
*
*
785 765 Calumet A iiecla
705 765
............
4
4
. 25
24
23*4 Cambria Steel
231,
23
60 pail * (P h lla .)...
09*4 70 Consolidated Ga»......... ....... ( B a l t ,) ---- LOu
57*, 09*4
45
46 Dominion C o a l.. . . . . . . . . . . . (B o s to n ).... 100
«3H “ H
199 131
181 188H Electric Storage Battery 1 ,. (P h ilo .).... 100
t30 130
129 129
Preferred 7 ........................
“
80
i.*)H 90
90*4 Erie Telephone.- ...........Boston), . . . 100
“
....1 0 0
5L>* 52*4
51H 34*4 Federal S t e e l . . . . . . . . . . . . . . . . .
26
20 |
26
Store Service..........
4
4 . . . . 25
20
43
.3 5 ,
4 «H 45*4 Lehigh Coal A N avigation... (Phlla.) . . . . 50
4 ....1 0 0
4
1074 30 H Moravian Company ? . . . , ............
18T4 JO
150 •153 ......... New England Telephone------(B o e to n )...l0 0
40
40
40*4 Oid Dominion Copper T....... .
<0M
4
4
25
2744 27 H 27
37*4 P ». Mfg. Light S Power4 .. . (P h lla .)..., 50
t
!
4
4
. . . . 50
140 U «
148*4 1*8 United Gas Im provem en t!..
i t * 4JM
49*4 UH United States O i l ...,. . . . . . . . (B o s to n ).... 25
5
» p i »7»l •37*4 33 Wets bach L igh t?...................(P h lla .). . . .
HH
1*4 W e st End (A n d .. . . . . ......( B o s t o n ) ---- 25
u
tu n
•10
49h |
Westingh. Electric A M fg ...
4
4 . . . . 50
*4 . . . . 50
63
64 1 P r e fe r r e d ,...,,............
•<** 03
I b 33 0 -16 »:t 7.|0
a m 1
St 9-18

STOCKS BONDS ! Bid. Ask

BONDS

B id.
1119
m «
103
flOfl
I100

B a n g e o f S a les i n 1 8 9 9 .

Week.

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

ilo e to n —
Conclnded.
Mi SCBLL.—Codci adwL
17
OldCol
as
1 7 * N TAN Eng lst7 e.'03 J Ai
lot m ort6s« ..1905 JAJ
92
Oeeeoia Mining. “
25
»**
5
Ogd A L C W o As-'aO AAO
IDO 11## ' Pelmettn C o.,.. ( Phil) 23
4 7*4
Income 6 # ............1920
47
Perrott BUAO>o( Boet) 10
13
Penn B k o \>h?» Phil) 56
un
1* )« * P re l?................ 44 50 03 60
> Pennsyi S a lt... “ 50 109
TorrUwtcm t* t5 § 1918..
*8 I 70
47
West End 8 t5 s ..* 0 2 K A
Pennsyl Steel?. 4
4
45
00
65
4W a........... ,.1914 MA
at
P r e f ? ............. 4 100
4
80
158
41
41*4 Pullman's PaL.( Boat >100 157
Quincy Mining
35 170 171
159
iteeo* Bnttnnh.
860 265
10
ItM 18
H onda H a iti m o r e .
25
32
83
Khrele Isl Min..
18
Atl ACh let 7 a 1907 JAJ
5 ilk
Santa Ysabel G
A MO Ugh 11945* 1917J A D
25 833 838
*20** V s " Tamarack Min.
Balt Belt let 5s. 1990MAN
23
44
Torrlngton A”
BaltCPes 1st #e.1911M A N
35
143
Pref . . . . . . . .
Balt Pandg 5a. 1916 MAN
Un Cop L A M g
M 8
Exchange S^s. 1930JAJ
Un Shoe Maoh,.
33 3 0 * 39 .
*74*4
P r e f ..............
23
Statlsl 2d 5 *.1986 JAJ
43
4*$C! 4**4 <5
Utah M iulog...
1 ' BAOSW1st 4*4 g. 1990JAJ
9
H
Water Power.- ”
....
B.UAPt
r m i AAO
10
80
Weis bach Oom?( Phil) 100
34h
Pref 7 .......... . “
100
50
Bol Trac 1st 5s. 1929MAN
160
Vfeetou'rel Coal 4
4
50
Kxt A Imp 0*. 1901 MAH
IS
57*4 59
W inona MlntagfBoet) 23
No BoitDlv 5s. 1948JAD
47
55
W olverine Min. “
25
‘ 7*
a
Cotrr*rt»ble5sl906MAN
•7**
W ollaston L 'd. 4
4
5
97
B e nde—B e a to n .
l i t 6s 4er B..1916 tr rec
4
Am Bed Tel 4a..190-0 JAJ aoa* 104
le t 6» *er C..1916 tr rec
80*4 A TA9 Kgen g 4s. *93 A AO I 100 109*4
41Adjnftm ent g 4 » .. 10961 f 8 # 83*4; 1 Cent Ohio 4U* g . ‘ 30 MAS
H
Central Hr 6 a .. 1913 JAJ
MS
B A M 3d is7a*02-07MAN
Conaol 3 s .... 1938 MAN
18*4
Boeton Term*l 3*4«-. 1047
Kxt a lose 5s,’ «33MAS
93
ia e U o O e e ists# 'S o j a j
50
70
71
<lieeCU yRyW lC* '23JAJ
113 113
2d M 5s.......... 1939 JAJ
«;narlCAA extOe. i
JAJ
Bar A Mo Rlv ex'p t fls.J AJ 120
69«4 60
Chose p Gas 6 s.. 1900 J AD
Non-exempt 6*.*18 JAJ; 107
«*!
«*■
CityASub 1st54.i923JAD
3
Plain 4 a .. . . . . 1910 JAJ| 100
'H,
3
Col A G m r 1«t5-6.1917JAJ
106
Ch BurA * 1st 5s.'36 AAOf
N
8
Consol Gas 6 s .. 1910 J AD
130 ;
2d M As........1918 J AD 190*
5 s ..,., .......... 1 930JAD
Ch Bur A Q 4* 1923 FAA 101
Ga A Ajalstpf5«i94SA AO
Iowa Dir 4s. 1919 A AO 103
iim J
114
G aCar AN 14t5« g. 1939J AJ
115
Chicago Jane 34.1915 JAJ 112
m
80
Georgia P i s t e s 192 2.1AJ
82
11 i 1 1Hi Ch A No M gu 5*.*31 MAN
floSoAFla 1«t 5*. 1945J AJ
02
91
Chi A W M gen 3*.*21 JAD
llV
34
90
KnoxrTrac 1stds '28 AAO
35
Con. o f Verm’t 3s-*l3 JAJ
36
Carr't HUv 1st 5 a 4 A AO
27
72*4 Lake KEl lstgu5«'42MA8
90H MetSKWash) 1st 5s*25FA
1*4' a?s DO HA W 1st 4s.,48 AAO 1 »«
40 !
New Or! Oes 1st 5 a ..V a r
DomlnCoal ist6s.419MAS
”95“ East'n 1st M 0s g.*06 MA8 Si 10 u > k Norfolk $t 1st 5s ’ 4 4 .JAJ
170* *
Fr KUcAM V 1st 6s '33 end I188
NnrthCent 4*44-1925 AAO
5
04 1900........ .........AAO
Unst’ p'd 1st 6skrS3 AAO 4138
*7 * ' 3*4 Him Steel eonr 5s.’ 10 JAJ |l05 io si* 6s gold 1900 . . . . . . .JAJ
4
6* 1 9 0 4 ....,.......... JAJ
Debentures*. 1913 AAO 4100
8»H
3
8ertes A 5s 1926....JAJ
52*4 5 *4 K C CA 81st 5* *.’35 AAO
31
Series B 5* 1926..,.JAJ
31*4 K C Ft 8AO 1st 7s.'08 J AD M14
120
j 39*4 100
Oh lo AM 1st7 9 D1903 MA N
93
199
Pitt Un Tree 5a 1997 JAJ
46
PotamVaJ I et 5*. 1041 JAJ
2O 20H Income 5 * . . .
H
78 ; 80
0eoA rT n(P nts)5«454JAD
K CA M By A B 5*. "3ft AAO li'o T *
■7 : 10 K CSt J o A C B 7s.*07 JAJ J120
Bar Fie A YTmt 5- i 4AAO
24*4 35
Saab A Roan 5s. 1926 JAJ
Lsms'n 8t're S 6*/09 MAS
Vlrg Mid 1st 0s. 1900 MAS
110 U8*4 L Rock A F S 1*t 7s.*05 J AJ {105
2d series 6s. .1911 MA8
L 8A 3t L 1 It 6s g.‘26 A AO •103
15
3d series 0s.. 1910 MAS
13* , 3d M 5-6 ft.... 1930 AAO { .......
4
Mar H A Ont6a.-.*25 AAO MM
4th ter 3-4-5*. 1921 MAS
Max Cent 4# g ,. 1911 JAJ { «9 H 7<iii
5th series 5s-1930 MAN
70 I
66 ' m
V b (State) 3s new.4
32J AJ
1«
) #t con Inc He g non-corn
17
100 101
Fund debts-3s. 100U AJ
B
2d cr<n lnc 3s non-cum..
5
{109 ......... YaA Teen 2d 5*. 1900 JAJ
H 3 <
4
8s...... .............. 1900 JAJ

...

S ales
o f the

ACTIVE STOCKS,

A rt.

107
15
107
101

Lowest.

H igh est.

58 245 Mar.
205 8094 Jan.
237 Jan. 9
21 170 Jan. 4
18,091 124*4 Jan.
2,251 139*4 Jan.
95 124 Jan. 12
500 120*4 Jan. 3
975 2U7, Jan. 3
1,044 4 3 ^ Jan. W
100 57^4 Jan. 3
509 107 Jan. 3
37 Feb. «
20 93*4 Jan. 12
03 Jan. 11
42,310 23*4 Jan. 10
330'
5H J*in. 7
40 90 Jan. 91
000 42M Jan. 7
704i Jan. 6
4 198 Jan. 4
90 41 Mar. 8
3,649 01 Jan. 3
1.555 94t* Jan. 3
48.810 10 5- 10Feb 8
19,791 25 13 iej& n.7
10,194 13 7- 10Jan 6
2,040 -U44 Jan. 7
4.388 73 Jan. 6
18,940 3
Jan. 7
12.4H0 19 Feb. 15
2,471 41V Mar. 3
329 90 Jan. 3

258 Jan.
89 Jan.
235 Feb.
175 Feb.
149H Feb.
143*4 Feb.
129 Mar.
131* Feb.
SB* Feb.
471, Feb.
01*4 Jan.
117 Jan.
38 Feb.
95*4 Jan.
70 Jan.
30 Mar.
7*4 Jan.
95 Feb.
5 5 * Feb.
81*4 Jan.
201 Feb.
40*4 Jan.
70 Jan.
99 Mar.
I S * Jan.
335* Mar.
18*1 Mar.
50), Feb.
84 Jan.
37*4 Jan.
2354 Feb.
45 Feb.
95 Jan.

18
27
1
27
18
25
7
18
10
2
12
28
1
23
27
9
21
0
15
20
3
23
28
9
24
9
S
81
23
31
21
21
19

910 273 Jan.
42,036 1 13.14 Jan.
568 110*4 Jan.
1,457 2*12 Jan.
2,087 74 Jan.
155 035 Jan.
83,110 1144 J an.
7,490 00*4 Mar.
50.735 33 Jan.
9,043 50*4 Jon.
4.555 00444 Join
....1 0
M 784 Jan.
C
8,79
46% Feb.
4
125 23*4 Jan,
1.6 • 30 k Jan.
9
86,710
in Jaa.
32 138 Jan.
16,470 35 Jan,
$.324 2 3 M Jaa.
5.158 127‘4 Jan.
6,392 36 Jan
494 30*4 Feb.
390
n< Jan.
800 39 Jam
139 03 Jan.

380 Feb.
144
4 nr.
i 1554 Mar.
330 Mar
97 Feb
S95 Feb
24 54 Mar.
71 Jan.
48 .Mar.
140W Feb.
140 Feb.
t- 0 Feb.
55*4 Jan.
28 Jan.
43* Mar.
20^ Mar.
154 Feb.
49 Feb.
29V4 Jan.
148 Mar.
44*4 Mar.
4 244 Jan.
m Feb.
52?4 Feb.
64*4 Jan.

14
9
10
1
it
21
6
24
10
10
id
14
24
9
9
10
88
18
10
10
4
9
18
24
10

3
4
10
7
3
0
7
3
3
10
4
8
8
3
3
12
4
3
8
a
3
10
0
4
0

BONDS

A sk

I Bid.

B a l t i m o r e —Conclu'd.
West N C oon 01.1914 JAJ
WestVaCAPlsWg.Ml 1JAJ
W ll A Weld 5s.. 1985 JAJ

119
114

B o n d * — P h i l a d e lp h ia
AG City 1st 5sg..’ 19 MAN
Balls Ter 1st 5 0 9 * 6 JAD
B Boro Gas l#t5^.'38MAH
J10S
Cambria Iron C a.l9l7JA J
Caiawlsse M 7s. 1900 FAA
OhcsA I» Can 1*15*. ’ 16 J AJ
b :::
Choc Okla A G prior lien 0*
General 5 s .... 1919 JAJ
121*4 133*4 C U V 8t RyOnd ><xm 5s.*33
Colum $t lly 1ft con 5s. *82
102
107 V H O on T ra cof NJ l* t5 s ..4
33
07
114
Del A B Bk 1st 7s.’05 FAA
EastAA 1it M 5s,‘30 MAN
188
Edison Elec 5s stk tr ctfa
113 114
ElecA Poop’ s Tr stk tr ctfs
B m A W llm lit0 s .* lO J 4
U
109
Income 5s— 2803 AAO
183
Bq 111 Gas-L I»tg 5 s .l9 9 8
Heston v M A P eon 5s.’24
130
HA B Top con 5a.'85 A kl*
1034(
Internal Nav 6 s . .., . 1906
K C 8ub B 1st 0S..*20 JAD
181
K C P A G 1st5s..*23 AAO
136
104 104*4 Lehigh Nav 4*4t..414 ^
HR 4s g......... 1914 Q-F
71 * 75
*
; 70
Consol 7s...... 1911 JAD
G«n M 4*4*g .. 1934 Q-F
no
Lab V (Tl 1st 5s g.*83 JAJ
118
Lab Val ext 4 a . 1048 JAD
2d 7 a ....... ...1 9 1 0 MAS
114
100*4
Consol 8 s -.... 1023 JAD
199*4
Annuity 0 a ....... ...J A D
104 104M NowkConG**Ofl ’ 48 JAD
!
118 118*4; Newark Pass con 5s. 1030
119
No Penn 1st 4a..’36 MAN
116 110*'
Gen M 7*.........1903JAJ
Penn gen 6s r.. .1910 Yar
111*4
108*4 too
Consol 0s c .,,,1 9 0 5 ?far
103M103*4
Consol 5s r . .. . 1919 V&r
193*4 198*4 Pa A N Y Can 7*./0fl JAD
Cons 5 s ..,,.,1 0 8 9 AAO
10944 110*4
100 106*4
Cons i s . , . . . . 1030 AAO
Penn Steel lat5«.417 MAN
115
130
People’s T r tr corta 4s.*43
160
Perklom 1st serSa’ 18 Q-J
Phlla Elec gold trust ctfs
108*4
PhASr gen M 5g.*20 AAO
110
Gen M 4s g, .1920 AAO
105
104 104*4 Ph A Reiwl 2d 5s.*33 AAO
112
Consol M 7 s.. 1911 JAD
Con M 0s g ... 1911 JAD
118
Ext Imp M4« g.*47 AAO
118
Con M o f *82 4s.'37 JAJ
Terminal 5s g.1941 Q-F
112 113*4
C P Wll A Balt 4*. 1917 AAO
105 IO
Collat trust 4s, 1921 JAJ
115
PtUs CASl L 7s. 1000 FAA
99
Re#uJ Co gen 4s, 1997 JAJ
109>4
Rochester Ry con 5a. 1930
110
0ehRBSldelst5fl g'SSJAD
118
Scran Trac 1st 0s *32M AN
115
Union Term*l IstS aF A A
108*4
United N J 4». .1944 MAS
107*4
UnTrac Pitta gen5s’ 97JAj
IA nd interest.
’ 83 *'
•Price Includes overdue

120
115
119

n7
111
101
108

102
101«

*58*
107*4
107>
<
Ii 04*4

104*4

111
117
no«

89*
i8 »
109
109*4 i'o'oK
116*4
107«
io i
70
114
107
......
108”
95*4 00
113
130 185
118
120
110
113
110
132
118
125
120
105
wo
101
108
100
io n *
121
109
125
188
123
104

118

......
........
i o i 'i i
100
108«
.....

id s
.........
110M 111
105
90
105*4
113
.....
120

97 .........
112 ........
t# i 00 paid.
ooupo ns.

THE

468

[V l. Lxvm.
o

CHRONICLE.
L a test Gross E a rn in g s.
KOAl>8.

J m jje s tm je w t

Week o r Mo

1898-9.

AMU

R

a

i l r o a

d

I n

RAILROAD

t e l l i g e n

c e .

EARNINGS.

T h e f o llo w in g t a b le s h o w s t h e g r o s s e a r n in g s o f ’ e v e r y
1TKAM r a i l r o a d f r o m w h i c h r e g u l a r w e e k l y o r m o n t h l y r e t u r n s
■an b e o b t a i n e d . T h e fir s t t w o o o l u m n s o f f i g u r e s g i v e t h e
g r o s s e a r n in g s f o r t h e la te s t w e e k o r m o n t h , a n d t h e la s t t w o
oolumns t h e e a r n i n g s f o r t h e p e r i o d f r o m J a n u a r y 1 t o a n d
including s u o h l a t e s t w e e k o r m o n t h .

The returns o f the street railways are brought together sep­
arately on a subsequent page.
Latest Grass E a rn in g s.
&OAD8.

W eekorM o

1898-9.
8
16,348
33,631
65,201

1897-8.

Jan . 1 to L a test D ate
1898-9.

I 1897-8.

21,482
16,3 48
21,4 82
A d ir o n d a c k ----- J a n u a ry ...
34,049
2 87 .53 7
3 0 8 ,04 9
A la . Gt. S o u th .. Ith w k F eb .
8 4 1 ,29 3
6 9 4 ,72 2
08,7* 9
A la . M id la n d ... ID ecem ber.
A la .N . O. A T e x . Pao. J udo .
114,462
240,021
2 4 8 ,2 0 0
N Orl. A N. K F e b r u a r y . 1 1 0 ,12 0
59,6 63
1 1 8 ,29 7
1 3 3 ,58 8
A la . A V ioksb. F e b r u a r y .
48,4 28
1 1 5 ,92 5
6 1 ,4 *9
1 2 8 ,7 9 3
V lo k s .S h .& P . F e b r u a r y .
49,380i
2 2 4 ,1 6 4
2 1 2 ,7 6 0
A lle g h en y V a l. J a n u a ry ...
2 24 ,16 4 2 1 2 ,76 0
2 6 9 ,76 9
30,5 36
2 9 2 ,9 4 6
A n n A r b o r ......... Istw k M ’ ch
33,873j
10,3 30
10,873
10,330
A rk . M ld la n d . . . [Jan u a ry. . . I 10,8 73
A t c b .T . A S .F e .f [J a n u a ry... [3,228,323 2,860.449 3 ,2 2 8,32 3 2 ,8 6 0.44 9
150,751 1,7 6 0,03 5 1 ,666,321
A tla n ta A Char. | ecem b er. [ 173 ,18 7
D
52,021
.48,6 4 5
2 4 ,6 1 0
23,6 25
A t l.K n o x .A N o . F e b r u a r y .
52,6 33
52,633
55,5 39
55,539
A tla n ta A W. P. J a n u a ry ...
191 ,13 6
1 7 4 ,91 4
A tl.O 'stL ln eS .C iD ecem b er.
80,10*4
8 4 ,5 7 4
6,108
6 ,4 1 5
A tlan . & D a n v .. d tliw k F eo.
15.094
17,975
1 78 ,03 9
1 *1 ,3 3 6
A u stin A N ’ west [D ecem ber.
B alt. A O h io___ J a n u a ry ... 2 ,1 7 8,86 4 2 ,0 7 0 ,4 3 0 2,1 7 8,86 4 2 ,0 7 0,43 0
954 ,65 2 1,0 2 8,19 1
l i s , 199 143 ,75 7
B al. A O. Sow'w Ith w k F eb .
1,864
1,864
1 ,833
1,833
B ath & H a m ’nds [J a n u a ry ..,
2,039
2,039
B lr. A A tla n tic . IJ a n u a ry ..[
1,980
1 ,9 8 0
51,8 87
B run ew ’ k A W est1 ecem b e r.
D
5 1 ,3 7 0
6 1 8 ,90 9
5 8 0 ,6 0 k
Buff. B oob . A P ltt |
Istw k M ’ ch
630 ,77 6
7 4 .1 3 7
66,783
6 08 ,84 2
31,0 19
31,0 19
B uff.8t,M .& S .W ! J a n u a ry ...
53,608
B u ffa lo A 8 u s q ..! J a n u a ry ...
53,608
4 0 ,4 6 6
40*486
707 ,11 8
610 .96 1
88,0 13
B ur.O. B a p .A N. Ith w k F e b .
8 3 ,2 3 4
3 7 7 ,00 0 3,616,57<J 3,1 6 6,96 9
O anadianPacifio 4th w k F eb .
4 4 9 ,0 0 '
59,9 78
5,889
C ar. M idland
N ovem b er.
5.435
5 4 ,5 2 6
114 ,69 6 1 2 6 ,91 8
C e n t.o lG e o ’ gla 4th w k F eb ,
9 51 ,00 8 1 ,018,201
C e n tra l N . K . . J a n u a ry ...
51,543
51,5431
47.288
4 7 ,2 8 *
C entral o f N. J .. J a n u a r y ... 1 ,092,563 1 ,055,699 1 ,092,563 1 ,055.699
C entral P a clb o. D ecem b er. 1,263,292 1 ,141,951 15,9 40 ,8 0 9 1 4,1 73 ,6 0 4
52,7 00
O harlest’n A S a v D ecem b er.
660,632
52,072
600 ,24 9
8 2 ,1 5 0
Chas’ n A W.Car. N ov em b ’ r.
79.621
C h a tta n ’ Ka S o .. 4 tliw kF eb.
9,382
1,587
1,269
11,0 39
Ches. & O h io ___ 4 th w k F eb . 234 ,40 8
228 ,34 8 1,684,412 1,8 6 7,74 3
C h lo.B u r. A Q .d J a n u a r y ... 3,1 9 3,45 2 3 ,0 4 4,45 6 3 ,193,452 3 ,0 4 4,45 6
Ohio. A E a et.IU . 4 th w k F eb .
96,3 22
7 5 5 ,4 L9
85,8 53
6 9 3 ,48 6
Ohio. G t. W est’n 4 th w k F eb . 1 1 3 .89 5
1 0 7 ,13 0
896,965
784 ,82 1
Ohio. I n d . & L . 4 th w k F eb .
4 66 ,29 0
60,6 39
5 3 ,8 9 0
437 ,72 8
Chlo.M11. A 8 t.P . 1 stw k M ’ oh 670 ,14 5
638 ,85 1 6,1 9 4,37 0 5,3 9 1,80 7
O h io .A N 'th w ’ n . J a n u a r y ... 2,8 2 9,59 8 2 ,5 6 1,55 7 2 .829.598 2,5 6 1,55 7
O h lo .P e o .A S tL . F e b r u a r y .
6 4 .1 1 6
71,0 01
130,78 149 ,06 0
Ohlo.K’ k I .A P .. J a n u a ry ... 1,5 3 9,84 7 1,435,037 1 ,539,847 1,4 3 5,03 7
823,819 567 ,47 9
O hlo.St.P.M .AO. J a n u a ry ...
823,809
567 ,47 9
C hlo.T er.T r. R R. 4thw lcFeb.
22,5 26
2 2,5 74
182,979
182,241
Ohio. A W . M ich . 4tliw k F eb.
4 2 ,1 0 5
3 2 ,7 9 4
290 ,35 0
227,478
C h oo.O k.& G u lf. 3d w k Feb.
15,268
20,8 58
O ln .G .A P orts’ th F e b r u a r y .
3 ,986
4,231
*8,709
” 8,368
Oln.N. O. A T . P . F e b r u a r y . 3 2 5 ,97 6 3 2 1 ,1 6 0
682,691
653 ,99 5
C ln .P o rts .A Y lr. F eb ru a ry .
20.2 47
19,989
41,662
38,638
C lev. A k . A CoL 4 tb w k F eb .
17,425
14,506
130,668
125 ,44 3
C lev.C an. A S o .. 4th w kF eb.
14,704
11,8 34
100,879
1 0 2 ,6 0 0
C l.C ln .C h .A 8 t.L 4th w k F eb . 2 5 8 ,72 2
2 6 5 ,43 0 2,0 1 0,26 3 2,1 6 0,29 1
P e o . A E a st’ n F e b r u a r y . 135 ,73 5
157 ,06 9
280 ,79 0
304,085
C l.L o r. A W h eel. Istw k M ’ ch
3 3 ,6 8 8
2 8 ,2 8 5
2 8 0 ,11 4
265,279
OoL M id la n d .... J a n u a ry ..
1 3 5 ,50 0
145,664
135 ,50 0
1 45 ,66 4
C o l.H .V . A T o l. J a n u a r y ... ] 224,011
211 ,60 5
224,011
211 ,60 5
C o l. S an d’ y A H I th w k F e b . [
16,9 56
11,739
132,219
111 ,85 2
C olu sa A L a k e .. F e b ru a ry .
1 ,4 5 0
1,700
2,650
3 ,4 0 0
C rystal................ J a n u a r y ...
1 ,285
1,146
1,285
1,146
Oum b’ l’ d V alley Jan uary.
60,0 08
6 0.7 30
60,008
60,7 30
D e n y . A K lo G r Istw b M ’ oh 1 5 2 ,3 0 0 1 3 6 ,5 0 0 1,4 4 1,55 7 1,3 3 0,82 7
D e s M . N . A W .. D ecem b er.
39,5 91
37,231
520 ,16 4
4 3 0 ,3 8 2
D e t.G .B a p . A W 4 th w k F eb .
2 4 ,3 9 3
24,468
192,689
1 84 ,37 7
D e t. A L im a No 3 d w k Sept.
8 ,917
8,762
308,753
180 ,82 9
D e t.A M ackinac J a n u a ry ...!
4 7 ,5 5 9
38,3 35
47,559
38,3 35
D u lu th S.8. A A tl 4 th w k F e b . [
3 6 ,4 5 6
30,2 90
2 8 6 ,88 3
2 2 2 ,58 1
E lg in J ol. A E a s t F eb ru a ry . [ 1 3 7 ,6 2 6 127 ,38 9
2 7 9 ,84 0
2 4 5 ,03 1
■ n e ...................... J a n u a ry ... 2,4 8 9,83 5 2,3 6 3,70 2 2,4 8 9,83 5 2,3 6 3,70 2
E u rek a Springs.
3 ,4 8 6
4,455
3 ,4 8 6
E va n s. A In d 'p lis
5 ,923
48,8 83
4 6,0 10
E va n s v. & T. H .
2 5,7 36
186 ,03 0
188,071
F in d . F t-W .A W .
7 ,1 9 2
F ltoh h n rg...........
7,3 4 1.22 6 7 .2 3 L 6 1 0
F lin t A P. M arq
466,249
4 4 8 ,5 5 0
F la .C en t.A Pen.
399 ,73 3
3 77,012
F t.W ’ thA Den.O.
182 ,67 2
F t. W. A R io G r.
73,147
7 4 ,5 5 3
G ads. A A tt . U .
1,269
1 ,2 4 5
G e o r g ia B R .......
252 ,34 1
3 00 ,40 5
G e o rg ia A A l a . .
122 ,27 2
1 29 ,75 2
B a .C a r'la A N o.
898,365
881 ,01 8
G eo. So. A F la .
140,371
157,691
O r. B ap . A I n d ..
331,937
3 0 2 ,6 1 8
C ln .B .* F t .W .
69,006
65,2 85
P ra verse City.
6 ,746
5 ,6 8 1
M n s .G .R . A I.
14,355
17,3 92
T o t a lllln es.
4 2 2 ,04 4
3 9 0 ,97 6
G r.T F n k S yst’ m
3,7 8 0,71 7 3 ,5 9 0 ,7 8 5
C h lc .A G r . T r.
577 ,32 6
5 0 0 .9 0 5
D et.G r.H .A M .
112,151
1 1 5 ,01 7
G r e a t N orth 'n —
S t P . M. A M. F eb ru a ry . 1,119,708 1,0 2 3,87 7 2,3 4 1,00 5 2 ,1 1 1,66 1
E a st o f M inn. F e b r u a r y ., 189,907
<
90,2 18
367,074
1 95 ,16 6
M on ta n a Cent F e b r u a r y .! 132 ,89 7
1 6 0 ,21 0
313 ,52 7
3 3 3 ,89 3
T o t s y s t e m F eb ru a ry .1 ,4 4 2 ,5 1 2 1,274,305 3 ,0 2 i ,606 2 ,6 4 0,72 0
G ’ lfB 'm n tA K .O F eb ru a ry .
16,089
11,181
36,2 45
2 1 ,1 9 4
G u lf A C h loa g o. D ecem b er.
3,442
7 ,3 6 7
61,8 49
52,4 16
H oos.Tnn.AW U . D ecem b er.
4 ,1 3 7
3,309
54,5 07
54,6 89
H ou a .A T ex.C on D ecem b er. 4 5 0 .16 7
3 07 ,60 6 3 .6 4 6.59 8 3 ,1 6 6 ,6 5 5
Illin o is C ontrail F e b r u a r y . 12091956 •2183398 t 4 ,515,748 14,460,118
In d .D eo.A W esL N o v e m b ’r .
4 2 .2 7 6
38,1 10
4 3 5 ,0 9 0
4 3 1 ,9 5 9

In d . m . & I o w a J a n u a r y ...
In .& G t.N ortb ’ n . 4 tk w k F eb .
U n teroo. (M ex.i
F eb. 18
Io w a C e n tr a l.. Istw k M 'cb
Iro n R a il w a y . . . F e b ru a ry .
J a ck . T. & K. Vi D ecem ber.
K a n a w ’ a& M ioi) 4 tk w k F eb .
K .C .F .S oott& M 4 th w k Fnb.
K .O .M em .& B ir 4tkw lcF eb.
K a n . C. N. W .... F e b ru a ry .
K a n . C ity AOrn. 4 th w k F eb .
K . O. Pitta. & G. Is tw k Moll
K a n .C .S u b.B elt 1stw k M ’ ch
K eoku k& W ea t.f 3 d w k F eb .
I * E r ie & W est. 4 tliw k F eb .
L eh igh & H u d .. F e b r u a r y .
L eh igh V al. R R . J a n u a ry ...
Leh. V . C oal C o. J a n u a ry ...
L e x ’g to n & E a s t. J an u a ry.
L o n g Isla n d R R . F e b r u a r y .
L o n g Is. System . F e b r u a r y .
L o s A n g . T e r m .. F e b r u a r y .
L o u is.E v.& S t.l* 4 tliw k F eb
L o u .H . & S t. L .. 4th w kF *b.
L ouis v.& N ashv. 4th w kF eb.
M acon & B ir m .. F e b r u a r y .
F ebru ary.
M a n is tiq u e . .
tM e x ica n C e n t.. 4th w k F eb .
M e x ica n I n te r ’L N overab’ r.
tM ex. N a tion a l 4th w k F eb .
M ex. N o rth e rn .. N ovem ber.
tM e x ica n R ’ wav Wk F e b .lfi
M e x ica n S o ..
3d w k F eb.
M in n eap .& S t.L . Istw k M ’ ch
M.
S tP .&4th w MF eb .
S .S t k
M o. K a n . & T e x . 4th w k F eb .
Mo. P ao. A lro n M 4th w kF eb.
C en tra l B r’ ok. ith w k F e b .
T o t a l............. 4thw k Eeb.
M ob ile & B ir in .. F eb ru a ry .
M ob ile & O h io .. F e b r u a r y .
M o n t.& M e x .G ’f J a n u a r y ...
N a sh .C h .& S t.L . J a n u a ry ...
N e v a d a C e n tr a l. O c t o b e r ...
N. Y . C. & H . R .. F eb ru a ry .
N. Y . Ont.<fe W .. 4 th w k F eb .
N. Y . Susq. & W. J a n u a r y ...
N o r f o l k * W est. 4 th w k F eb .
N orth ’ n A la. R y. 4th w k F eb .
N o rth e s’ n (G a .). D ecem ber.
N orth ’ n C en tra l J a n u a ry ...
N orth’ n P a cific. 4th w kF eb.
O h io R iv e r ......... 4 th w k F e b .
O hio S o u th e rn .. J a n u a r y ...
O re g .R R .& N a v . 4 th w k F eb .
O reg. Sh. L in e .. J a n u a r y ...
P ao. C oast C o .. D e ce m b e r.
P a cific M ail....... J a n u a r y ...
J a n u a r y ...
PeoriaDec.<fcEv. 4th w k F eb .
P e t e r s b u r g ........ S ep tem b ’ r.
P hila. & E r i e ... D e ce m b e r.
P hila. <fcR ead... J a n u a r y ...
C o a l * Ir. C o . J a n u a r y ...
T o t. b o th C o’ s. J a n u a r y ...
P hil. W ilm . & B. J a n u a r y ...
Pitts. O. C. &St. L. J a n u a r y ...
P itts .L isb .& W n F e b r u a r y .
P itts. B e s.& L .E . Is tw k M ’ all
Pitta. * W es’ n .. 4th w kF eb.
P itts. 01. A T o l. 4 th w k F e b .
P itts. P a . & F . 4 tliw k F eb .
T o ta l s y s te m . 4 th w k F e b .
P i t t s b .Y o .& A ., J a n u a r y ...
R ioli.F r’k s b & P . J a n u a r y ...
R ic h .* P etersb. S e p te m b ’ r.
R io G ran d e Jot. D e c e m b e r.
R io G ra n d e S o’ n 4 th w k F e b .
R io G r ’ d e W est- 4 th w k F e b .
Sag. T u so. & H . F e b r u a r y .
S t .J o s .& G r .I ... 4 tliw kF eb.
St. L .C lii.& S t.P . F e b r u a r y .
S t.L .K e n ’ e tA So F e b r u a r y .
S L L .& S a n F ran . 4 th w k F eb .
Bt.L. S ou th w est. 4 tlrw kFeb.
St. P a u l & D u l . . F e b r u a r y .
San. A n t. & A . P J a n u a r y ...
San F ra n . & N .P F e b ru a ry .
S. F e P res. & P h . 4 th w k F eb .
S a v .F la .& W est. D e ce m b e r.
Sher.Shrev.& So. 4 th w k F e b .
Sil. Sprs. O. & G. D e ce m b e r.
S io u x C. & N o r. D e ce m b e r.
S o. H a v e n & E .. F e b r u a r y .
S o. P a o iiic C o. G a l.H a r.& S.A D e ce m b e r.
L ou is’ a. W est. D e ce m b e r.
M o rga n ’ sL&T. D e c e m b e r.
N .Y .T .& M e x . D e ce m b e r.
T e x . & N . O rl.. D ecem ber.
A t L P r o p ’te s.6 D e ce m b e r.
So. P ao. o f Cal. D e ce m b e r.
S o .P a o .o fA riz. D e oem b er.
S o.P a o.ofN .M . D e o e m b e r.
P a oiiio system D e ce m b e r.
T o ta l o f all../ J a n u a r y ...
S ou th ern R y .o .. 4 th w k F e b .
S ton yC l. A C .M t. J a n u a r y ...
T e x a s C e n tra l.. 4 th w k F eb .
T e x a s <fePaoiilo. 4th w k F eb .
T ex.S .V .«feN .W . D ecem b er.
T o i.& O h io Cent. 4th w k F eb .
T o l .P . & W e st.. 4th w k F eb .
T o l.S t. L .& K .C . 4 th w k F e b
U n ion P a o .R R .. J an u a ry .
U n .P .D e n .& G .. 2d w k F eb.
W ab a sh .............. 4tliw k F eb
W. J e rs e y A Sea’e J a n u a r y ...
W .V .C en.& P itte J a n u a r y ...
West V a.& P itts. D e ce m b e r.
W estern o f A la . J a n u a r y ...
W e st.N .Y .& P a . 4 th w k F e b .
W heel. & L. E rie Istw k M ’ ch
W isconsin Cent, 4 th w k F e b .
ffr lg h ts v. ATen. D e ce m b e r.
Y ork Southern j a n u a ry ...

77.5 95
71,441
71.800
42,^51
4,449
33.66a
11,339
80,371
30.855
24.623
3 ,3 4 0
73,486
10,019

11,100
69,2 14
3 2 ,8 «7
1.568,863
1 ,622,582
15.689
182,411
1 87.357
8,298
30,4 55
1 1,1 09
4 5 4 .8 4 0
4,094
6 .8 6 3
295 ,26 7
3 1 3 .99 3
1 23 .99 4
53.0 38
9 1 .6 0 0
19,068
50,859
7 0 ,5 2 9
2 1 1 ,89 4
5 6 5 .0 0 0
2 7,0 00
5 9 2 .0 0
2 6,6 82
3 4 2 .0 0 0
1 0 8 ,2 1 3
5 1 5 ,0 3 8
3 ,2 3 9
3 ,2 7 5 ,9 1 6
1 01 ,49 3
2 0 0 ,3 0 2
2 1 8 ,3 6 9
3 ,9 7 2
7 ,6 4 7
5 5 8 ,8 3 6
4 7 0 ,8 9 9
16,9 58
7 5 ,2 5 8
8 2,6 84
5 2 1 ,6 3 7
3 5 8 ,4 3 7
3 4 6 ,6 6 6
5 ,3 1 2,17 1
14,2 64
4 6 ,7 7 8
3 7 6 ,3 4 7
1 ,8 6 4,65 4
2 ,2 7 2 ,3 5 1
4 ,1 3 7 ,0 0 5
7 3 0 .8 4 0
1 ,4 2 7,00 0
3 ,1 2 4
1 7 ,6 0 7
3 3 ,9 4 9
15,5 43
5 ,968
5 5 ,4 6 0
7 6 .6 7 6
6 2,5 26
2 8.2 39
3 2,1 02
9 ,4 9 2
7 9 .6 0 0
8 ,0 8 3
1 7.6 76
2 5 ,5 2 2
4 ,5 9 0
1 4 3 ,9 1 8
1 2 2 .2 8 6
1 2 0 ,6 6 5
1 3 8 ,4 9 5
6 0 ,6 3 2
16,671
3 2 4 .0 3 0
4 ,8 8 1
18,1 51
3 3 ,1 1 7
1 ,860
5 2 9 ,98 1
1 2 6 ,51 4
6 6 3 ,45 6
29,743
1 6 7 ,30 8
1 ,563,473
1 ,218,138
2 9 0 ,37 3
153 461
3,1 6 9,17 7
4 ,7 0 2 ,7 8 7
514 460
789
5 ,4 4 0
1 7 0 ,91 6
6 ,7 7 9
2 9 ,5 0 6
2 2 ,8 1 4
39.0 38
1 ,4 5 9,90 0
6 2 /2 0 0
2 7 7 ,74 6
1 4 8 ,7 1 0
98,3 01
2 4 ,8 4 6
5 7 ,2 1 0
5 2 ,2 0 0
2 7,6 44
9 2,1 62
8 ,577
5 .1 4 6

1897-8.
$
76,3 75
>9,69"
64,8 50
3 7 ,4 3 0
4 ,1 5 0
30,637
9.841
87,4 93
28,534
3 3 ,-1 7
4 ,3 4 3
62,1 55
8 .8 3 7
11,267
6 8,1 79
3 1,679
1 ,3 4 3,73 8
1 ,505,381
15,6 04
1 9 8 ,73 3
2 0 5 ,2 6 8
6 ,1 2 7
31,6 49
10,1 96
4 4 3 ,2 8 9
5,901
7 ,6 6 5
2 7 1 ,6 9 7
2 5 1 ,5 2 6
117,752
3 9 ,0 3 6
89,0 00
1 2 .6 4 6
4 4 ,0 5 5
5 8 ,8 2 4
2 2 1 ,-8 2
6 5 3 .0 0 0
32,00<
6 8 5 .0 0 0
3 3 ,8 8 3
3 4 7 ,64 9
1 2 5 ,51 9
4 6 2 ,0 7 2
4 ,3 0 5
3 ,3 7 9 ,7 1 7
7 2 ,9 6 4
1 9 6 ,93 3
2 1 2 ,7 7 6
4 ,3 6 1
7 ,7 1 1
5 0 6 ,5 3 6
4 8 2 ,7 3 5
15,9 28
6 2 ,3 2 3
1 0 3 ,4 4 1
4 4 7 ,3 6 9
349 .85 7
3 2 3 ,05 1
5 ,089,071
1 5,9 79
4 0 ,5 1 0
3 4 6 ,2 0 0
1 ,7 2 4,47 2
1 ,944,401
3 ,6 6 8 ,8 7 3
6 8 0 ,9 4 0
1 ,314,595
3 ,5 6 4
1 3,5 62
2 4,7 96
15,6 98
3 ,968
4 4 ,4 6 2
8 2,3 72
5 7,2 22
2 6 ,8 2 7
3 3 .7 0 7
8 ,0 7 0

68,200

7 ,4 0 3
2 3,1 08
2 7 .0 6 8
6 ,1 4 3
1 6 6 ,1 7 0
1 3 2 ,8 7 7
1 02 ,05 3
1 6 0 .6 5 9
5 2 ,3 3 1
15,8 23
3 2 3 .8 9 2
6 ,8 7 6
1 5 /?6 2
2 5 ,5 3 9
1,533
4 6 6 ,5 1 0
1 0 5 ,9 2 0
6 8 1 ,1 0 2
3 1 ,5 7 2
1 4 0 .95 8
1 ,4 5 9,12 3
1 ,230,432
2 7 2 ,4 y l
130 .62 2
2 .9 9 8 ,3 9 2
4,3 6 7,70 7
4 7 1 ,9 ? 9
725
3 .8 3 8
189 ,89 8
4,135
2 9.2h6
16,7 74
4 4 .2 8 0
1 ,3 0 7,31 9
2 4 3 ,2 6 6
1 4 1 ,21 0
8 6 ,2 5 7
3 2 ,7 0 8
5 8 ,8 2 6
5 2,5 00
30,9 31
8 7 ,1 5 2
7 ,6 9 3
5 ,0 2 6

Ja n . 1 to L a test D a tt,
1 898-9.

1 89 7 -8 .

7 7 ,5 9 5
5 7 9 ,1 3 4
5 1 0 .8 0 0
3 6 5 ,5 6 9
8 ,5 0 6
3 5 9 .0 1 7
9 3 ,8 2 7
6 78 ,21 0
2 37 ,40 2
51,5 65
37,5 07
6 5 2 ,3 1 6
9 8 ,7 7 0
80,7 53
5 3 1 .8 8 9
7 6 ,v 7 7
1 ,5 6 8,86 3
1 ,6 2 2 ,5 8 2
15,6*>9
4 1 8 .8 9 0
4 3 0 ,9 0 8
15.607
2 3 0 ,7 4 2
7 9 .9 9 3
3 ,5 4 5 ,2 3 7
9 ,4 6 5
13.742
2 ,3 6 3 ,7 9 3 ,0 8 2 ,3 1 0
1 ,0 3 3 ,4 1 7
5 4 « ,3 7 7
6 1 6 ,0 0 0
1 0 3 ,6 0 5
3 9 0 ,1 2 9
4 7 3 ,6 3 2
1 ,8 3 0 ,1 6 4
3 ,9 1 8 ,5 5 1
1 72 ,37 7
4 ,0 9 0 .9 2 8
61,2 62
7 5 0 .80 0
1 0 8 ,2 1 3
5 1 5 ,0 3 8

S
7 6 ,3 7 5
6 3 0 ,4 3 4
4 4 4 ,4 6 0
3 1 9 ,9 9 6
7 ,648
3 0 4 ,4 9 2
8 3 ,6 4 3
7 6 1 ,1 9 3
2 6 8 ,7 2 3
6 4 ,7 2 3
5 0 ,0 7 6
5 7 4 ,3 0 6
8 0 ,7 3 4
8 5 ,0 4 5
5 4 7 ,7 6 9
6 0 ,7 5 6
1 ,3 4 3 ,7 3 8
1 ,5 0 5 ,3 8 1
1 5 ,6 0 4
4 3 6 ,2 2 4
4 5 1 ,7 4 0
14.4 47
2 4 1 ,3 2 6
6 9 ,8 2 3
3 ,5 6 2 ,6 6 8
11,7 95
18,305
2 ,1 1 6 ,6 8 5
2 .7 5 7 .4 1 8
9 2 7 ,2 6 8
5 3 7 ,1 7 7
5 6 5 ,0 0 0
9 7 ,5 6 0
3 3 8 ,8 6 4
5 0 7 ,1 6 7
1 ,8 7 0 ,9 7 1
4 .1 0 1 .4 1 9
2 0 2 ,2 6 2
4 ,3 0 3 ,6 8 1
7 6 ,9 1 6
7 2 0 ,7 8 3
1 2 5 ,5 1 9
4 6 2 ,0 7 2

6 ,9 1 0 ,9 6 6
6 0 9 ,2 5 4
2 0 0 ,3 0 2
1 ,6 8 2 ,0 0 7
3 4 ,9 4 4
7 3 ,1 5 7
5 5 8 ,8 3 6
3 ,1 7 0 ,0 8 2
1 34 ,79 6
7 5,2 58
8 9 4 ,8 5 7
5 2 1 ,6 3 7
5 ,2 6 3 .3 1 7
3 4 6 ,6 6 6
5 ,3 1 2,17 1
1 2 5 ,9 3 5
4 8 9 ,0 1 5
4 ,5 7 4 .4 4 3
1 ,8 6 4 ,6 5 4
2 ,2 7 2 ,3 5 1
4 ,1 3 7 ,0 0 5
7 3 0 ,8 4 0
1 ,4 2 7 ,0 0 0
6 ,2 6 2
1 5 8 ,6 5 2
2 2 6 ,4 9 8
1 2 0 ,0 8 4
3 4, *35
3 8 0 ,9 1 7
7 6 ,6 7 6
6 2 ,5 2 6
2 9 3 ,4 7 3
3 8 6 ,3 7 3
69,7 61
4 5 5 ,1 4 4
1 7 .5 0 0
1 8 8 ,2 4 4
5 3 ,0 8 5
11,2 36
1, 1 1 5 .4 7 7
9 1 6 ,3 4 6
2 3 4 ,9 0 8
1 3 8 ,49 5
1 1 7 ,7 7 6
1 3 2 ,7 2 4
4 ,1 1 3 .1 6 3
5 6,3 07
2 7 1 .8 4 6
289 ,38 1

6 ,7 8 7 ,5 2 3
5 4 6 .7 3 2
1 9 6 ,9 3 3
1 ,7 3 6 ,6 4 3
3 4 ,3 2 4
6 7 .7 3 0
5 0 6 ,5 3 6
3 ,1 3 3 ,0 6 6
1 3 5 ,18 8
6 2 ,3 2 3
9 6 7 ,1 0 9
4 4 7 .3 6 9
3 ,9 7 8 ,1 7 1
3 2 3 ,0 5 1
5 ,0 8 9 ,0 7 1
1 2 9 ,7 6 3
4 3 2 .2 3 5
4 ,6 0 1 ,2 5 6
1 ,7 2 4 ,4 7 2
1 ,9 4 4,40 1
3 ,6 6 8 ,8 7 3
6 8 0 ,9 4 0
1 ,3 1 4 ,5 9 5
7 ,7 6 6
1 2 1 ,4 6 3
1 9 9 ,5 7 1
1 2 8 ,9 2 1
3 2 ,1 5 9
3 6 0 ,6 5 1
8 2 ,3 7 2
5 7 ,2 2 2
2 5 6 ,7 5 1
3 7 3 .3 7 0
6 8.4 48
4 3 8 ,3 8 3
1 5 ,3 9 7
2 0 5 ,1 3 4
5 5 .2 5 1
12,8 90
1 ,0 8 1 ,^ 7 2
9 4 0 ,4 3 8
2 0 0 ,3 0 8
1 6 0 ,6 5 9
1 1 0 ,4 7 0
1 1 1 ,2 5 3
3 ,4 3 6 ,9 5 6
5 5 .7 3 1
1 9 1 ,2 5 0
2 79 ,16 1

5 ,4 5 2 ,0 7 1
1 ,2 3 8,94 1
6 ,4 0 4,36 1
3 3 5 ,6 0 7
1 ,7 1 3,43 9

4 ,4 7 7 ,0 9 2
8 9 6 ,5 8 1
5 ,1 2 7,39 4
3 4 8 ,7 7 2
1 ,442,229

3 ,1 3 0 ,7 7 6
1,5 9 4,80 1

2 ,5 7 9 ,3 5 1
1 ,3 3 6,42 3

4 ,7 0 2 ,7 8 7
3 ,8 6 5 ,6 1 4
789
5 5,8 13
1 ,2 9 4 ,9 8 7
61,5 03
254 ,71 9
159 ,09 3
2 9 3 ,5 8 2
1 ,4 5 9 ,9 0 0
4 6 0 ,5 5 2
2 .1 4 9 ,9 8 5
1 ,1 4 8 ,7 1 0
98,3 01
3 7 8 ,7 9 2
5 7 ,2 1 0
4 7 0 ,8 3 6
2 4 7 ,8 1 0
6 6 4 ,7 3 6
92,7 65
5,146

4 ,3 6 7 ,7 0 7
3 ,7 0 4 ,9 7 3
725
53 070
1 ,3 6 7 ,0 8 8
4 0 ,2 3 5
2 5 4 ,4 5 0
1 5 2 ,81 6
2 9 6 ,7 8 4
1 ,3 0 7 ,3 1 9
1 ,8 9 4 ,5 6 5
1 4 1 ,2 1 0
8 6 ,2 5 7
3 9 4 ,2 0 9
5 8 ,8 2 6
43 i,0 4 4
2 4 9 ,3 8 4
6 9 3 ,6 4 2
8 8 ,3 6 0
5 ,0 2 6

THE

M arch 11, 1899. J

CHRONICLE

a T h ese flga ree In clu de resu lts o n lea sed Hues. 6 I n c lu d e s e a rn in g s
tro m ferriea , eto., n o t giv en s e p a ra te ly .
c I n clu d e s D es M oin es A
g«.n«aji c i t y l o r all period s.
d I n clu d e s o p e ra tio n s o l th e Ohio. B u r­
lin g to n & N orthern in b o th yea rs.
« In clu d e s re s u lts o n A. T. * 8 .
F e, ( l o l l Col. A 3. F e, S. F e P aolflo (old A tla n tic & P aoiiioi a n d S o.
Cal. B y .
f In clu des th e P a citlo s y s tem , th e A tla n tic p ro p e rtie s a n d
th e H ouston & T exa s C entra! system , g B eg in n in g J u ly , ea rn in g s o l
M em phis D iv is io n and M ld d lesb oron gh A A ik e n b ra n ch es a r e in o ln d e d
tot b o th years, A R esu lts o n C in . Lebanon N orth ern a re In clu d e d
lo r m S eptem b er 1 In b o th yea rs.
* R esults on K ansas C ity & I n d e p e n d e n c e A ir L in e a r e n o t In clu d e d
l o r either yea r.
t In clu d es Chesapeake<St O h io S o 'w e s te rn , O h io Y a lley a n d C h lo a g o
an d T e x a s to r b o th y e a rs . R e su lts o n Y a z o o B r a n c h a x olu d e d a lt e r
J u ly 1 ,1 8 9 9 .
1 M e x ica n ou rren oy .
i C o v e rs resu lts o l lin es c ir e o t ly o p e r a te d e a s t o t P itts b u rg .

Latest dross Earaing# oy Weeks.—The latest weekly earn­
ings in the foregoing are separately summed up as follows
For the fourth week of February onr preliminary statement
covers 82 roads and shows 2-76 per cent increase in the aggre­
gate over the same week last year.
4iA w eek o f F ebru a ry.
A la b a m a G t. S ou th ern .
A n n A r b o r ...........................
B ait. A O h io S outh wrest..
B arL Oed, R a p . A N orth
(BiAttaziQOg’a S o u th e rn ..
Oblc&xo < KlMt. Uli&Olft.
S
C hic. G re a t W estern____
C hic. Ind'pU * A St. L . __
C h ica go XLllw. A 8 c. Pan!
Ohio. T erm . T r a n s fe r ___
GhieaKo a W. MJahhcaxu.
CJeve. A k ro a A C o la m b .
C le v e . C an ton A stoulh’ n.
Olov. Citt. Chi A A St, L ,.
(Bey. L orain A W heel**..
OoL Sandusky A H ock**
D e n v e r A R io G ran d e.
D o t, G d. R ap , A W cetora
D u lu th So. S h ore A A t!
E vanav. A In d ia n a p olis
E va n sv, A T e rr e H aute.
F lin t A P e te M a rc uette..
F la. Oent. A P en in su la r.
Ft. W orth A R io G ran d e.
G e o r g ia ......................... ...
G ran d R ap id * A I n d la n *
C in cin n a ti R . A F t. W ..
T ra v e r se «*ity......... ........
Musk. G r. R ap . A l a d .
G ran d T ru n k. ............... 1
C hic. A G ran d T ru n k ;•
D et. G d. H. A M ......... )
In te rn a tio n a l A G t. N o ..
I o w a C e n tra l............ .......
K a n a w n a A M lo h lg a n ...
K a n . C ity F t. S. A M om ..
K a n . C ity M em . A B irai.
K&naae C ity A O m aha . . .
K a n . C ity P u ta b . A G u lf
K a n , C ity Bab B elt ____
L a k e E rl« A W e s te r n .. . . .
L o u is v ille E v a n *.A 8 t. L.
L ou U v . H ea d . A 8t. L . -.
L o o ia v liie A N M h v U ie ...
M ex ica n C en tra l..............
M ex ica n N a t i o n a l...........
M inn eap olis A St. Iam la.
M lun. 8 t. P. A H. S te. M
Mo. K ansa* A I V x a e ___
M o. P aclho A Iro n M t . .
C entral B r a n c h ... .___
* Y , O n ta rio A W esters
N orfolk A W t^c^rn...........
N orthern A la b a m a .........
N orthern P a c i t lo ............
O hio R i v e r . ... , ___ . . . . .
O regon RR. A N a v ___ . . .
F eorta D e c. A E v a n a v ...
Pttlab. Be**, * L. E rie,
P ltta b a r* A W este rn .___
R*o G rande S o u t h e r n ....
Kao G ran de W e e te m ........
8t. J oeep h A Gd. (alan d.
8 t. LooJs A San Fran.......
8t. Lon la Soathwearterr,
S an ta F e Pr. A P hoenix.,
B h e r a a n S h r e v e . A ‘ o ...
B
S outhern R a ilw a y s ..
T e x a s C e n tra l....................
T e x a s 'ic P a c i f i c ........... .
T o le d o A O h io C e n t r a l...
T o le d o P e oria A W«st*n .
T ol. St. L. A K a n . C it y ...
W aoae.'i...................... ........
W ees. N. Y . A P e n n * y lv
W h eelin g A Lake E r ie ..
WLsooneln C e n t r a l ......

1899.

1898.

*
33,631
36,9 32
6.108
115,199
7 1 ,6 5 4
88,0 13
4 4 6 ,0 0 0
1 14.696
1.587
2 3 4 .40 8
9 8.3 22
m .s flt
60,0 39
6 7 1 ,7 9 6
2 2.5 26
4 2.1 05
17,425
14,704
2 5 8 ,7 2 !
3 0 .7 2 4
1 6 .9 5 6
1 48 .70 0
2 4 ,3 9 3
3 0,4 56
6 ,5 7 2
23.447
0 3.0 03
49.3 95
8 ,8 5 9
3 1 .3 0 3
4 4 ,0 8 4
8,857
807
1,047

«
34.0 49
31,001
0.4 kft
1 4 3 ,75 7
01.715
83,2 34
3 7 7 ,0 0 0
1 2 6 ,9 8 1
1,269
2 29 ,34 8
85.8 53
107,130
5 3 ,8 9 0
6 5 7 .6 8 7
2 2 ,5 7 4
32,7 94
14,500
11.834
205.430
2 9 ,0 6 0
11.739
139,600
24,4 68
3 0 ,2 9 0
5,923
2 5 ,7 3 0
55,tS9t*
49.262
1 1 ,1 8 4
39.0Se
43365
8.773
6 -8
2 ,8 0 3

5 2 7 ,8 8 6

4 51 ,58 7

71,441
4^,581
11,339
*0,371
3 0 ,-5 5
3 .3 4 0
180,143
1 0 .3 1 m
69,214
3 0 ,4 5 5
11.1 09
4 5 4 .84 0
2 0 \ 267
123.994
46,521
7 0 ,5 2 9
211 ,89 4
5 0 5 .OIK
27.000
101 .49 3
2 18 3S£<
3,972
4 7 0 , *99
16.95*
8 2.6 8 4
14,20*1
19.381}
55,4 60 ;
9;49ft]
7 9 .6 0 0
17,67r|
143,9181
122.286:
10,671
4,881
514*460
5 .4 4 0
170.910
29.500
22.814
39.038!
277 ,74 6
5 2.200
31,109
9 2 .1 6 2

7 9,6 9
4 3 .0 *2
9.841
87,494
2 9 .5 3 *
4 .3 4 3
65,971
9,5 7 *
68,1 79
31,6 19
1O,»90
4 4 3 239
2 7 1 ,63 7
117,752
4 0 ,6 7 3
59.824
2 21 .88 2
e^ri.rxK
3 2 ,0 0 0
72.9 04
212,77(3
4.361
4 3 2 .73 5
15,9 i*
103,441
15.9 79
13389
44.402
8.070
6 3 ,2 0 0
23,100
1 0 8 .1 7 0
132377
15,823
6376
4 7 1 ,95 9
3 ,8 3 8
1 8 9 ,99 8
2 9 ,2 3 6
1 6 .7 7 4
44,230
2 4 3 ,2 6 6
5 2 ,5 0 0
21,7 35
87,1 52

T o ta l (82 r o a d * ) ______ 8,3 2 8,32 7
Net in cre a se ( 2 -76 0. o. >

8 ,1 0 1 ,2 e o 1
............. |

fixer case.

D ecrease.

s

.. __
__
5,931
.............
0 ,939
4 .779
7 2 ,0 0 0
318
6 ,060
10,4 69
6 ,705
6 .749
14,109

f
418
307
28,5 58

12.285
.............

48
9 .3 1 1
2 ,9 1 9
2 ,8 7 0
6 ,7 0 8
8,661
5 ,2 1 7
10,100
75
6 .1 9 0
649
...a . . .
7 .3 0 4
1,133

2 ,2 8 9
4,305
4 .0 9 3

219
84
2C9

.
945

7 6 ,0 0 9
8 ,2 5 6
401
1,498
7 ,1 2 2
1 4 ,1 7 2
766
1 ,0 3 5
913
11,551
*23.571
6.242
5,848
11,705

2 8 ,5 2 9
5 ,5 9 3

l ,1 9 t

9,088
88,0 00
5 ,0 0 1
*
389
11,0 30

1.030
4,492
1 0 ,9 9 8
1.4221
1 1 .4 0 0

8 i8
42,501
1,602
2 io ;
6 ,0 4 0
3 4 ,4 8 0

2 0 ,7 5 7
1 ,715

5 ,4 3 2
2 2 .2 5 2
10,591
1 ,9 9 5
1 8 ,9 8 2

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

2 8 1 ,1 4 8

The next will appear in the Issue of March 18,
-ero s s t o n M n o i.--,

1898-9.

R oads.
B in gh am ton O a a .. ..F e b .
M a r 1 t o Feb. 2 8 . . . .
C hateau'ga B ooth . a Dee
J a n . l t o D ee. 3 1 . . . . .

1897-3.

1 89 9 .
----- H ei J tarm n gs ——

1898-9.
*

1897-8,
•

3,235
26.785
5.889

69.1 01

5 ,1 3 0
7 3 ,0 7 7

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

d e f-7 1 4
d e l.7 ,1 4 3

d e l. 1,024
1,455

2 8 1 ,7 1 6
2 .4 5 8 .3 9 6
5 0 3 ,0 8 1
6 ,5 3 7 ,3 4 5
7 6 ,0 5 7
2 7 6 ,4 1 0
9 9 ,3 7 8
6 2 2 ,6 9 3
2 6 0 ,7 4 3
2 ,3 0 4 ,7 5 4
1 6 .8 7 3
6 6 ,4 9 8
5 8 ,1 7 0
1 5,9 50
2 1 9 ,1 0 7
1 1 ,9 1 0
2 7 ,3 2 3
9 1 1 ,0 1 9
5 ,3 5 4 ,5 7 2
2 8 ,8 2 0
1 6 9 ,4 2 9
1 1 1 .1 5 4
8 8 1 ,5 3 7
4 5 ,1 8 6
2 3 2 ,2 3 5
33,2 41
1 3 0 .J 1 7
255
9 7 9 .1 3 9
d e f.6 ,1 5 6
1 ,0 7 9 ,7 1 2

415,845
1 0 ,3 5 6
5 0 ,1 2 8
112 4 ,2 3 3
! 1 ,251,115
!9,63 1
(1 1 5 ,9 1 0
8 5 ,8 4 0
7 3 4 ,6 9 6
6 ,4 2 2
151 ,79 5
83,741

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

10,472
2 4 ,6 4 1
7 6 3 ,5 1 6
5 ,3 8 3 ,8 0 6
3 0 ,2 0 7
1 1 6 ,7 4 2
1 0 7 ,6 8 7
9 4 1 ,9 6 9
4 7 ,8 5 0
2 2 1 ,5 0 0
8 2 ,7 2 5
1 7 6 ,4 2 1
1 2 ,1 5 1
9 3 0 ,6 8 2
8 ,1 6 0
1 ,0 4 0 ,0 7 5
2 7 9 ,2 8 8
1 8 ,4 8 5
5 1 ,9 5 8
165,033
1552,352

110,112
(1 1 2 ,0 0 7
7 2 ,3 0 9
7 6 5 .6 5 2

18,054

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

Interest Charges and Surplus,—The following roads, In
addition to their gross and net earnings given in the fore­
going, also report chargee for interest, d o with the surplus
fc .,
or denoit above or below those chargee
B a t. o f Het i ' a n u . 1 89 8 -9 .
1 89 7 -8 .

.— I n k . ren ta ls, *•*, —.
1 89 8 -9 .
1 89 7 -8 .

Roads.

1 8 0 ,22 9
1 4 0 ,2 7 2
3 2 2 ,8 5 2
3 4 2 ,5 0 1
O hio R. fsl. A Pan ..J a n .
A p r. 1 to J an . 3 1 . . . . 3 ,2 2 9 f i 18 3 ,4 2 3 ,0 1 0 8 ,3 0 8 ,9 2 7 2 ,6 4 1 ,2 5 8
2 0 ,0 0 0
4 1 ,9 0 0
5 4 ,5 5 7
2 1 ,5 0 0
C h o c. O kla. A G u lf, J a n .
5 8 ,0 0 0
1 4 1 ,9 0 8
6 4 ,5 0 0
2 1 1 ,9 1 0
N o v . I to J a n . 3 t . . . .
2 1 4 ,1 5 3
* 1 2 4 ,0 3 0
* 5 5 ,8 1 4
1 92.715
B e a v e r A R io G F d e J a n .
*0 4 2 ,0 7 0
J u ly l to J a n . 31 . . 1 ,3 9 1,29 5 1 ,4 4 5 ,0 4 1 *1 .0 1 3,42 7
d e f.9 ,2 2 6
1 1 0 .9 1 3 d ef. 1.141
1 15,295
K an. O* Ft. 8. A M .J a n .
1 2 3 ,1 8 9
6 7 ,9 0 7
8 1 3 ,6 3 0
8 1 8 ,7 9 0
J u ly t to J a u 3 1 . . . .
3 1 ,6 2 9
2 8 .6 7 9
16,221
10,507
C s s , C . M em A B ir .J a n .
1 1 0 ,3 9 7
1 1 1 ,1 0 3
1 2 0 ,0 0 2
111.573
J u ly 1 to J .m . 31 . . .
10 *,245* d e f.9 0 ,4 7 0 * d e f8 8 ,9 5 2
9 8 .5 4 1
L o n g Isla n d R R . . . J a n .
'3 1 2 ,8 5 5
* 3 77 ,45 2
7 1 6 ,0 0 2
7 0 2 ,2 2 6
J u ly 1 to J a n . 3 1 . . . .
1 1 1 ,74 4 •df.113,877* d f. 1 0 4 4 4 2
1 0 3 ,2 3 0
L o n g Istand R R . Bys .J a n .
*3 4 1 .0 6 0
*399,749
7 9 0 .5 9 0
7 8 0 ,5 0 2
J u l y l t o Jan . 3 1 —
2 ,4 0 4
1 ,9 2 3
7 ,7 0 8
7 ,7 0 8
Rio G-ande Janet . D eo.
* A ft e r a llo w in g f o r o th e r In co m e re c e iv e d .

STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings tor the latest
period of all street railways from which we are able to ob­
tain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads—that is, the
first two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including such
latest week or month.
S T R E E T R A IL W A Y S

300

—-Net E a rn in g s .------1 8 9 8 -9 .
1 8 9 7 -8 .

a N et ea rn in g * Here g iv e n a re a ft e r d e d u ctin g t a x e s ,
b Nat e a rn in g s h ere g iv e n a re b e fo r e d e d u c tin g ta x e s.
* G ross ea rn in g s in clu d e o t h e r in co m e .
t A fte r d e d u ctin g " r e s e r v e fu n d f o r rep a irs o f s te a m e rs,” b a la n o e In
J a a u s r y , ISn a, w a s S 9 5 .i l * . a ga in st S 52 .5 3 3 , a n d fro m M a y 1 to
J a n u a ry 31 8 9 3 9 ,0 8 0 , a g a in s t #43 9 ,8 5 2 . T h e re s e rv e fu n d f o r d e p r e c i­
ation and gen era l an d e x tra o rd in a ry rep a irs o f stea m ers has b e e n
Increased to the standard o f th e E n glish co m p a n ie s, i. « „ fiv e p e r o e n t
upon th e va lu e o f th e stea m ers,
; T h irty per c e n t o f gro ss earning*.

5 .2 4 2

Net Earnings t o n t lily to Latest Dates.—The table follow ­
ing shows the gross and net earnings o f Steam railroads
reported this week. X full detailed statement, including all
roads from which monthly returns can be obtained, is given
onoe a month in these columns, and the latest statement ol
this kind will be found in the Chronicle o f February 23,
1 899,

------Gross B a m m g g .—
1 89 8 -9 .
1 897-8
Boads.
$
$
C hes. A O h io .a . . . . . J a n .
9 2 4 ,4 1 0
9 5 4 ,3 5 3
J u ly 1 to Ian. 31 . . . 7 ,1 8 3 .1 1 0 7 ,0 0 2 ,1 1 9
Ohic. R . I a L A P a o .a . J a n .‘ 1 ,5 3 9 ,8 4 7 • 1,435,037
A p r. 1 to Jan. 3 1 .. .'1 8 ,2 1 2 ,9 9 4 *1 66 9 0 90 6
C h octa w OkL A G .b . l a u .
1 9 5 ,3 1 6
1 5 0 ,7 1 0
N o v . 1 t o Jan . 3 1 . . .
6 2 6 ,4 0 8
4 6 8 ,9 1 4
C o lo ra d o F u e l. . . . . . J a n .....................
J u ly 1 t o J au . 3 1 ............................
6 4 4 ,6 2 7
Den. A R. G r a n d e .b ..J a n .
7 2 7 ,1 5 7
J u ly 1 t o J a n . 3 1 ___ 5 ,6 0 0 .6 3 6 5 ,1 2 0 .0 9 5
3 8 ,3 3 5
O etroit A M aok’ o . a J a n .
4 7 ,5 5 9
2 3 9 ,2 7 9
J u ly 1 t o J a u . 3 1 . . . .
2 8 8 ,2 2 7
1X9,218
E v a n s .A T . H . S y s ...J a n .
1 3 8 ,3 4 5
1 0 9 ,4 2 8
G e o rg ia A A la b 'a .a -J a n .
1 0 3 ,7 6 5
7 4 2 ,4 1 1
J u ly 1 t o J an . 3 1 . . . .
7 9 1 ,5 7 4
G F d R a p . Gas-1 ..Co ..F e b .
_______
....—
J au . 1 t o F eb . 2 8 . . . ...............................................
Illin o is C e n t r a l.a ...J a n . 2 .4 2 3 ,7 9 2 2 ,2 7 6 ,7 2 0
J u ly 1 t o J a u . 3 1 . ...1 6 ,8 2 3 ,5 4 7 1 6 ,3 6 4 ,0 2 1
I n d la n a llL A I o w a b . J a u .
7 7 ,5 9 5
7 6 ,3 7 5
J u ly 1 to Jan . 31 . . .
4 7 0 ,0 5 4
4 4 1 ,7 8 3
K an. C. F t. 8. A M .a .J a n .
3 8 0 ,8 7 6
4 0 1 ,6 9 9
J u ly 1 t o J a u .3 1 . . . . 2 ,8 2 7 .6 3 9 3 ,0 4 7 ,6 2 4
1 3 1 ,3 3 7
1 3 9 ,4 0 5
K a n .C . M em .A B .a .J a u .
8 3 9 ,7 4 2
7 7 1 ,6 7 7
J u ly 1 to Jau . 3 1 ----L a cle d e G as-L . C o ...F e b .
J a n . 1 to F e b . 2 8 . . .
2 3 7 .4 9 1
L o n g Isla n d E S . b . .J a u .
2 3 6 ,4 7 9
J u ly l t o J a u . 31 . . . 2,951,808 2 ,7 3 3 ,1 4 2
2 4 6 .4 7 2
L o n g Isl'd R R S y s .b .J a n .
2 43 ,55 1
J u ly 1 t o J a u . 3 1 . . . . 3 ,2 2 1 ,1 6 8 2 ,9 9 3 .4 4 5
1 ,2 8 2 ,5 6 0 1 ,0 8 7 ,0 2 2
M e x ica n C en tra l .. . J a u .
4 3 ,0 3 3
M ob ile A Bvcm’ g h 'm .J a n .
34,246
J u ly 1 t o J an . 3 1 . . . .
2 4 1 ,9 1 0
2 2 1 ,2 9 5
3 4 6 ,6 6 6
3 2 3 ,0 5 1
P sein e M a ll..* ........... J an .
M a i’ 1 t o J au . 3 1 . . . . 3 ,2 7 2 ,1 2 5 2 ,9 6 3 ,0 5 0
R io G ran d e J u n c t ...D o e .
3 2 ,1 0 2
.1
3 3 ,7 0 7
9 ,37
J a n . 1 t o D e c . 31 . . .
3 8 6 ,3 7 3
3 7 3 ,3 7 0
R io G ran ite W e s t .b ..J a u .
2 3 6 ,3 1 4
2 3 1 ,5 8 3
2 3 6 ,3 1 4
J u ly 1 W Jan . 31
.1,963,090 2 ,0 3 1 ,8 1 3
1 ,9 6 3 ,0 9 0
W. V s . A P i t u b 'g b .D e e .
3 2 .7 0 8
22 4 .3 4 6
4 ,3 4 6
J a n . 1 to D ec. 31
. . . . 378,792
3 7 8 ,7 9 2
3 9 1 ,2 0 9
J u ly 1 to Deo. 31
. . . . 1 9 0 ,5 5 9
1 9 0 ,5 5 0
2 0 3 ,8 5 7

2.321
1.003

469

G aoes
E x k s in o *.
A k ro n B e d f d A Clev.
A lb a n y R a ilw a y ____
A m sterd am 8 L R y . ,
A tla n ta R a ilw a y .......
B altim ore C on. R y,*...
B ay C lu es C o n * o l ....
B in gh am ton Bt. R y ...
B rid g e p o rt T ra ctio n ,
B ro ck to n C on. St. R y
B r o o k ly n E le v a t e d ..
B r'k ly n R a p . T r .C o .B ro o k ly n H eigh ts I
B’ k ly n < J 'n »A 8 a b . j
C h »rIe«ton C ity Ry
Gin. A M iam i V a L . .
C ity E lec. (R oin e.G a.)
C le v e la n d E le c t r ic ...
(Jleve. P a tn sv . a E
O Jlam bns St. R y, (O.)
D e n v e r C on, T ra m w

A N D T R A C T IO N

L a test

0

C O M P A N IE S .

F a m in e s .

W eek o r B o 1898-9.

1 89 7 -8 ,

i fa n . 1 to L a tes t D a te
1 8 9 8 -9 . [1 8 9 7 -8 .

*
$
5 ,6 5 5
5,175
5 ,1 7 5
J a n u a r y ...
49,3 01
49,301] 53,011,
J a u u a r y ... 5 3 ,0 H
4 9 .8 7 0
53,971
4 ,5 9 7 ;
4 ,6 6 7
D e ce m b e r.
0,5711
6,221
6.221
6 .571
J a n u a r y ...
1 6 7 ,52 6
J a n u a r y ... 180,576 167,520: 180,576
6 ,2 5 3
7,353
6,253]
7 ,3 5 3
J a n u a r y ...
11,102
10,917
J a n u a r y .,, 10,917 11,102
20,0 52
2 6 ,8 9 8
J a u u a r y ... 26,0 52 2 6 ,8 9 8
25,722
2 5 , 111
2 5 .7 2 2 25.111
J a n u a r y ..
1,641,091 1 ,6 9 5 ,4 5 6
D ecem ber.
«
5,055

F e b r u a r y . 3 7 0 ,5 4 4 364 ,42 0
D e ce m b e r. 13,0 69 13,549
8,474
4 ,3 2 8 ‘
J a n u a r y ...
1 ,0 7 1
.
1,677
J a n u a r y ...
J a n u a r y ... 140,471 1 3L 52 3
5,437
6,497
J a n u a r y ...
F e b r u a r y . 5 2 697 4i,tel
J a n u a r y ... 6 1.014 5 6 . 4 7 d

8 2 2 ,8 9 1

7 6 5 ,5 0 8

172,138
8 ,4 7 4

"4 ,3 2 8

140,471

1 85 .62 8

0,407
1 10 ,68 8
6 4 .0 (4

102.439

1,07/

1,572

56,4 73

470
Grom
B a r k in g s .

THE
Latent Gross E a rn in g s.

CHRONICLE.

J a n .l t o L a test D a te.

Week o r Mo 1898-9. 1 897-8

1898-9

1897-8

* In olu d es B a ltim ore T ra otlon a n d C ity A S u b u rb a n f o r b o th years

Street Railway Net Earnings.—The following table gives
the returns of S t r e e t railway gross and netearnings 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 once a month (on the third or the fourth Saturday)
we bring together all the roads furnishing returns, and the
latest statement of this kind will be found in the C h r o n i c l e
of February 25,1899. The next will appear in the issue of
March 18, 1899.
O m ss E a rn in g s.— ,,----- N et E a rnings.—
1898-9.
1 897-8.
1898-9.
1897-8
*
*
52.6 97
48.1 51
28,831
2 4 ,8 1 3
110,688
102 ,43 9
60,6 27
5 3 ,9 1 0

R oads.
C olu m b u s (O o 8 t.R y .F e b .
Jan . 1 to Feb. 2 8 . . . .
F u lto n St. R R . (N. Y.>—
O ot. 1 to D ec. 3 1 ........
11,4 34
G a lv e sto n C ity R y ..J a n .
1 3 ,9 8 6
T h irty -fou rth St. C rosst’ n (N. Y .)
O ot. 1 to D ec. 3 1 .
. . . 8 6 ,0 9 1
2 8th A 2 9th Sts.C rosat’ n (N .Y .)—
O ot. 1 t o Deo. 3 1 ............
3 4 ,8 7 9
W aterbury T ra ct’ n .. F ob .
2 0 ,0 7 9
J an . 1 t o F eb . 2 8 _____
4 3 ,2 0 2
O ct. 1 to F eb . 2 8 . . . .
1 1 6 ,5 1 7

15,0 86
.............

3 ,1 7 4
4 ,2 7 3

7,012

7 9 ,2 5 0

4 0 ,0 2 5

39,6 17

28,3 17
20,142
4 2 ,3 7 7
1 11 ,50 0

The earnings, general income account and balance sheet
for a series of years, compiled for the C hronicle , are given

herewith, presenting an interesting comparison.

175,697
D e tro it CltTne’ 8 t.R y F e b ru a ry . 90,3 20 8l,115| 188,375
D etroit E lec. R y ........ February.
64,9 32
32,121 31.365J
67,1 90
D e tro it Ft. W e y n e A
27,6 09
B elle Tele.................. F eb ru a ry . 13,603 13,218
28,576
16.091
Duluth 8 t. R y ............. J a n u a r y ... 16,083 16,091
16,038
140,845
E rie E le c. M o to r........ D ecem b er . 12,117 12,187
144 ,40 0
G a lv e sto n C ity R y . . J a n u a ry ... 18,986
H a rrisbu rg T ra ction . J a n u a ry ... 20,799 18,497
1 8 ,4 9 7
20,7 99
H erkim er M oh aw k II
3 ,1 0 0
Ion a F’k lo rt El. Ry. J a n u a r y ...
3,154
3,154
3 .1 0 0
1 89 ,16 2
202,325
H ou ston E leo. St. Ry. D ecem b er
21,155 19,953
In te rsta te C onsol, ot
9 ,9 3 4
10,754
9,934
10,754
N orth A t t le b o r o ... J an u a ry.
4 ,0 0 0
4 ,272
4 .2 7 2
K in g ston C ity R y .... .1u n u a ry ...
4 ,0 0 0
8 ,170
Lehigh T ra o tlo n ........ J a n u a ry ...
8,352
8 ,1 7 0
8,352
3 ,0 0 3
L im a R a ilw a y (Ohio) J a n u a ry ...
3 ,4 1 9
3,419
3,003
7,705
L o n d o n St. R y.(C a n .) J a n u a ry ...
8,194
7,705
8.194
3 ,4 8 6
L ora in A C le v e ........... {J a n u a ry ...
5,060
5.060
3,486
30,7 05
L o w e ll L aw . A H a v . J an u a ry . . 32,682 30,7 05
32,682
M etrop .iK an sa s C ity 3d w k Got. 37.128 36,9 93 1,655,442 1,495,773
99,6 32
M etro. W. a id e (Chlo. J a n u a ry ... 116,740 99,632
1 16,740
F e b r u a r y . 114.038 102,625
2 1 2 ,78 1
M on treal Street R y.
239 .31 4
5,064
4,939
M u sca tin e St. R y .. .. Jan uary. .
4,939
5,064
N a sh ville St. R y .____ F e b r u a r y . 24.742
54.762
135,439
N assau E leo. (B ’ klyn 'J a n u a r y ... 144,766 135,439
144 ,76 6
4,921
N ew b u rg St. R y ....... {J an u a ry...
4,888
4,921
4 ,«8 8
2,919
2,988
N ew L on d on 8 t R y . ' J a n u a ry ...
2 ,9 1 9 1
2.988
N ew O rlea n sT ra otioi J a n u a ry ... 110,030 107,221
110.030
107,221
N orth Chlo. 8 t. R y .. F e b r u a r y . 203,188 205 ,43 5
427 ,70 6
4 3 0 ,8 5 7
N orth S hore T raetloi J a n u a ry ... 104,303 98,864
9 8 ,8 6 4
104,303
1,182
O gd ensbu rg St. R y .. J a n u a ry ...
1,044
1,182
1 ,0 4 4
J a n u a ry ... 29,165 27,462
P a terson R y ..
2 7,4 62
29,165
R loh m on d T ra otlon .. D ecem b er. 12,674 10,2 94
147,634
1 3 2 ,6 9 7
R o x b ’ h C h.H .A N or’n D ecem b er.
7,892
5,079
109,596
85,2 33
4 ,2 4 0
S ch uylkill V a L T ra o J a n u a ry ...
4 ,0 6 6
4 ,0 6 6
4 ,2 4 0
Scranton A C srb on d ’ f J a n u a r y ...
2 ,3 8 5
2,891
2,891
2,385
S cranton A P ittston J a n u a r y ...
4,236
4 ,7 8 8
4,236
4 ,788
S cranton R a ilw a y .... J a n u a r y ... 3 0 ,2 4 4 30,1 66
30,2 44
30,166
S taten Isla n d E le o .. J a n u a ry ..
12,396 11,9 53
12,396
11,953
Byraouse R ap . T r. R y J a n u a ry ... 40,6 00 3 7 ,4 8 7
40,60<
37,487
T o le d o T ra ctio n ......... O o t o b e r ... 80,7 74 7 3 ,0 0 0
T o ro n to R y . . . . --------- F e b r u a r y . 9 1 .8 6 0 8 2 ,4 0 2 1 8 7 ,5 5 0
16 8i 9 64
T w in Cltv R a p T ran. J a n u a r y ... 189 ,00 9 165 ,24 9
1 8 9 ,00 9
165 ,24 9
U nion (N. B e d fo rd ).. J a n u a ry ... 15,437 15,8 02
15,4 37
15.802
U nited T ra ot. (Pitts.) J a n u a r y ... 1 1 9 ,59 0 116,891
1 1 9 ,5 9 0
116,891
U nited T raot. (P ro v .) D ecem b er 157,822 149 ,07 7 1 ,774,198 1,731,475
Uhlt. Trao. (R eading) F e b r u a r y . 11,763 11,308
2 5 ,3 4 1
24,1 32
_
W akefield A S to n e _ J a n u a r y ...
3,651
3 ,6 1 4
3 ,614
3,651
W aterbnry T ra ction . F e b ru a ry .
20,0 79 2 0,1 42
4 3 ,2 0 2
42,377
West C h ica go St. B y W k M ch . 5 74,125 70,5 79
W heeling R a ilw a y ... N ovem ber. 17,1411 1 4,4 36
173 ,02 9
152,366
W ilk es A W y . V a i .... J a n u a r y ... 40,716; 4 0 ,3 5 6
40,7 16
40.3 56

■
—

[VOL. LXVIIJ

18,1 02
6,511
16,053
46,6 46

Interest Charges and Surplus.—The ____ , . „ e
following

EARNINGS ON ALL LINES BOTH EAST AND WEST OF PITTSBDRG AND ERIE.
1898.
1 89 7 .
1896.
G re ss e a rn in g s ................... $ 1 3 2 ,8 6 9 ,4 7 0 $ 1 2 8 ,2 7 8 ,0 8 7 $ 1 2 3 ,6 4 1 ,2 6 8
O p e ra tin g e x p e n s e s .........
9 2 ,9 0 9 ,3 2 9
8 7 ,6 4 1 ,0 3 2
8 8 ,3 2 9 ,3 2 9
$ 3 9 ,9 6 0 ,1 4 1
$ 4 0 ,6 3 7 ,0 5 5
$ 3 5 ,3 1 1 ,9 3 9
N e te a r n in g s ...............
TRAFFIC ON ALL LINES BOTH EAST AND WEST OF PITTSBURG AND ERIE
1 898.
1897.
1 896.
P a ssen g ers o a rrie d ........
7 1 ,2 0 2 ,6 9 5
6 8 ,8 4 8 ,6 9 7
7 1 ,9 1 9 ,8 6 0
P a ss’ g ’ rs o u rrled 1 m ile 1 ,6 1 9 ,9 8 6 ,0 9 5 1 .5 0 8 ,2 0 7 ,8 r 4 1 ,5 2 7 ,5 7 0 ,1 3 6
F re ig h t (tons) c a r r ie d ..
1 7 3 ,7 9 1 ,2 3 9
1 5 9 ,5 1 5 ,9 5 0
1 4 5 ,1 9 2 .6 4 4
F r*t.(tons) e a rr’ d 1 m ile l6 ,1 6 9 ,2 0 5 ,4 5 1 1 4 ,8 0 1 ,5 4 0 ,7 4 8 1 3 ,1 9 7 ,6 4 5 ,8 4 3

Below are given the results on the lines east of Pittsburg
and Erie, comprising the “ Pennsylvania Railroad Division,”
the “ United Railroads of New Jersey Div,” (including the
Del. &Rar. Canal), and the “ Philadelphia & Erie Div.”
TRAFFIC OF LINES EAST OF PITTSBURG AND ERIE.
1 898.
1 89 7 .
1 89 6 .
M ile so p o r.,tn o l.D . A R .C a n .
2 ,8 2 1
2 .8 1 3
2 787
P a ssen g ers c a r r i e d .............
3 5 ,9 6 2 ,5 6 6
3 4 ,9 9 7 ,5 2 4
3 6 ,1 7 0 ,2 2 0
P a sse n g e rs oa rried 1 m ile .. 7 4 5 ,9 6 2 ,6 7 9
6 9 3 ,2 7 9 ,3 3 6
6 9 9 ,7 9 9 ,2 1 3
R a te p e r pass, p e r m ile .......
1-932 cts.
1-948 cts.
1 -9 6 4 cts.
T o n s o a r r ie d ............................
8 1 ,8 0 1 ,8 0 5
7 9 ,5 6 2 ,4 6 >
7 2 9 6 7 125
t’o n s o a rrie d 1 m ile.............. 9 ,2 3 3 ,9 2 4 ,3 5 3 8 ,5 5 5 ,6 2 2 ,3 1 7 7 ,7 2 7 ,9 2 3 ,8 4 4
R ate p e r to n p e r m ile .........
0-49 9 ota.
0 -53 6 cts.
0 5 6 4 c ts .
EARNINGS AND EXPENSES ON LINES EAST OF PITTSBURG AND ERIE.
1898.
1 897.
1 896.
E a rn in g s—
$
$
$
F r e ig h t .......................................
4 5 ,9 3 9 ,7 7 3
4 5 ,7 7 0 ,1 7 4
4 3 ,5 0 0 ,7 1 3
1 5 .3 1 0 ,8 6 0
P a s s e n g e r .................................
1 4 ,2 7 3 ,3 8 1
1 4 ,4 * 3 ,5 2 3
E x p r e s s .....................................
1 ,5 2 6 ,0 1 2
1 ,4 7 0 ,3 9 7
1 ,4 4 5 .0 7 0
M a d s .........................................
1 ,4 5 4 ,8 0 5
1 ,4 3 3 ,9 3 8
1 ,4 2 1 ,4 3 8
M isce lla n e o u s..........................
5 1 6 ,8 2 1
3 9 8 ,7 1 7
4 3 2 ,7 1 4
R e n ts ..........................................
5 9 8 ,3 2 2
6 3 9 ,2 0 6
5 5 2 ,1 6 2
D e la w a re A R a r ita n C an al.
2 5 9 ,1 4 2
2 3 7 ,2 9 9
2 6 0 ,8 8 2
T o ta l e a rn in g s .................
E xp en ses—
M aint. o f w a y an d s tr u c t ...
M a in ten a n ce o t e q u ip m e n t.
T ra n s p o rta tio n .......................
G e n e r a l.
D e la w a re & R a rita n Canal.

6 5 ,6 0 3 ,7 3 8

6 4 ,2 2 3 ,1 1 3

6 2 ,0 9 6 ,5 0 3

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

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

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

T o ta l e x p e n s e s ................
N e te a r n in g s ............................
P . ot. op . e x p . to e a r n in g s ..

4 4 ,5 1 0 ,0 1 6
2 1 ,0 9 3 ,7 2 2
67-8 5

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

4 3 ,4 5 9 ,3 2 7
1 8 ,6 3 7 ,1 7 6
69-9 9

GENERAL INCOME ACCOUNT.
1898.
1897.
$
$
2 1 .0 9 3 ,7 2 2
2 0 ,9 6 5 ,4 8 7
4 ,6 3 6 ,0 5 7
4 ,6 1 6 ,2 1 6

1896.
$
1 8 ,6 3 7 ,1 7 6
4 ,6 1 5 ,4 3 3

R eceip ts—
N et ea rn in g s, as a b o v e ........
In t. o n P a. R R . in v e stm ’ ts.
In t. o n U n ited N . J . R R . &
C an al s e c u r it ie s ..................
In t. f o r u se o f e q u ip m e n t..
In te re s t, ge n e ra l a c c o u n t ..
M is ce lla n e o u s .........................

2 2 5 ,63 1
3 4 0 ,3 3 3
1 0 5 ,6 6 6
1 5 8 ,9 5 8

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

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

T o t a l...................................
D ed u ct—
R e n t a ls .......................................
In te re st o n fu n d e d d e b t ___
In t .o n m o rts.& g r o ’ n d ren ts
In te re st o n oa r t r u s t s ..........
E qu ip , tru s t lo a n sin k, fu n d
S tate ta x e s ............................
M isce lla n e o u s...........................

2 6 ,5 6 0 ,3 6 7

2 6 ,4 5 9 ,9 8 5

2 4 ,0 5 6 ,0 5 7

1 0 .3 1 5 ,7 7 2
4 ,2 6 3 ,4 5 9
1 3 3 ,6 (4
4 3 7 ,8 2 8
1 3 6 ,4 0 0
9 0 2 ,1 6 2
14 2 ,4 1 3

9 ,7 1 8 ,4 3 0
4 ,2 6 1 ,0 3 9
1 3 3 ,0 2 3
5 4 9 ,1 5 4
1 3 6 ,4 0 ■
8 1 7 ,7 0 9
1 1,0 98

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

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

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

1 5 ,6 2 6 ,8 5 3
1 0 ,8 3 3 ,1 3 2

1 4 ,6 6 4 ,9 3 6
9 ,3 9 1 ,1 2 1

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

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

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

1 0 ,2 2 8 ,7 2 8

1 0 ,8 3 3 ,1 3 2

9 , i 9 1 ,1 2 1

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

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

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

B a la n c e .......................................

13,849
9,149
17,842
49,0 92
Stre et

railways, In addition to their gross and net earnings given ic
the foregoing, also report charges for interest, &o., with thf
(orplus or deficit above or below those oharges.

The above balance was made
up as follow s:
N e t in co m e Pa. R R . D i v ...
P ro fit o n U nited N. J . D iv.
P ro fit o n P h ila .& E rie D iv.
B a la n ce , as a b o v e ...........
F ro m this b a la n ce d ed u ct
P a y m e n ts t o tru st f u n d s ..
C on. m o rt.s in k .fu n d aeot..
A lle g h e n y V . R R . d efie’ y ..
E x t r a o r d in a r y e x p e n s e s ..

• I n t., R en ta ls, die.--------B a t. o f Net S a rn 'u s.----Rna'it.
W aterb u ry T ra rt’ n ..F eb .
O ot. 1 to Feb. 2 8 . . . .

1899.

1898

®
3 ,3 0 3
15.948

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

1899.

1898.

*
3 ,2 0 8
3 0 .6 9 8

*
5 872
30,8 35

u S . t f n 'i a V 'o * , ', S a \tatel,u en t o t , th e 8 r08s and n e t ea rn in g s o f th e
Nfa?ilT «le ^ R a ll? ray
tlle “ o a th o f F eb ru a ry and th e teu m onths
w lt h 6
1897Ynre \ rd o ° n 8 9 8 y 1 tU
^
C om parison is m ade
NASHVILLE STREET RAILWAY.
-F e b r u a r y .-M a y 1 to Feb, 2 8 .1899.
1897.
le>99.
1897.
$
$
Grosa earn in ga..........
24,7 42
25.1$23
304 ,97 1
2 8 9 ,09 9
O p eratin g exp e n se s .
12,614
14.297
1 4 3 ,95 0
152 ,69 1
N et e a rn in g s...............
P ro p o rtio n a te 1u terea t. . .
“
t a x e s ........
8 u r p lu s .

12,128

1 0 ,8 2 6

1 6 1 ,02 1
95,1 39
3 0 ,0 0 0

1 3 6 ,4 0 8
9 5,9 31
16,592

35,8 82

2 3 ,8 8 5

A N N U A L REPORTS.
Annual Reports.—The usual index is omitted this week
but that published in the C h r o n i c l e o f March 4 covers all
reports published to Feb. 25, inclusive,
Pennsylvania Railroad.
( Report for the year ended Dec. 31, 1893.)
The text of President Frank Thomson’s report will be
found on pages 477 to 479. Remarks upon the report will
also he found in the editorial columns

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

B a l. t o c r e d it o f in o o m e
a fte r d e d u ct’ g a ll p a y ’ ts
D iv id e n d s (5 p e r c e n t ) ___
T r a n s fe r t o “ E x tr a o r d i­
n a ry E x p e n d it 'e F u n d .”
B al. t o cr e d it o f p ro fit & lo ss
A d d p ro fit an d loss J a n 1 ..
T o t a !....................................
A m t. c h a r g e d o ff f o r secu rtie s a n d su n d ry a oeou n ts

6 7 3 ,8 5 8

1 ,0 6 7 ,3 0 5

1 ,1 2 0 ,6 3 8

1 ,4 8 6 ,4 9 5

2 ,1 5 9 ,2 9 7

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

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

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

1 ,8 0 0 ,0 0 0

1 ,8 0 0 ,0 0 0

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

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

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

2 3 ,6 6 6 ,8 1 1

2 5 ,2 3 3 ,7 9 0

2 4 ,3 2 0 ,1 7 1

1 ,2 2 0 ,8 1 3

2 ,4 0 9 ,8 3 3

1 6 7 ,8 4 8

B a l. to p ro fit & lo ss D eo. 3 1
2 2 ,4 4 5 ,9 9 8
2 2 ,8 2 3 ,9 5 7
2 4 ,1 5 2 ,3 2 3
GENERAL BALANCE SHEET DECEMBER 3 1.
1898.
1 89 7 .
1 896.
A ssets—
$
$
C on str’ o t’ n ,e q u ip m ’ t,& o .,R R .
b e tw e e n P hila. & P itts b ___ 1 2 2 .3 7 1 ,3 0 9
1 2 1 ,1 8 9 ,3 4 7
1 2 1 ,0 7 5 ,9 4 6
C o st o f b on d s o w n e d ............... 3 5 ,9 9 3 ,4 9 4
3 8 ,7 3 5 ,3 1 7 )
C o st o f s to c k s o w n e d ............... 8 1 ,2 4 5 ,3 9 2
8 0 ,9 2 4 ,0 2 6 1 1 1 9 ,9 4 7 ,8 9 5
T ru st o f Oot. 9, 1 8 7 8 ...............
4 ,7 4 9 ,8 6 7
4 ,6 5 5 ,4 5 7
4 .5 8 2 ,4 0 8
P enn . R R . oon. m ort. s. fu n d.
4 ,5 4 2 ,1 6 0
4 ,2 1 7 ,3 8 0
3 ,8 9 2 ,6 0 0
In su ra n ce f u n d ..........................
1 0 ,0 0 0
1 0 ,0 0 0
10,000
M orts. au d g r o u n d r e n t s .......
3 2 ,5 0 0
3 2 ,5 0 0
4 5 ,0 0 0
S ecu rities o f U. N. J . C os . . .
3 ,2 8 3 ,4 6 2
3 ,2 8 3 ,4 6 2
3 ,2 8 3 .4 6 2
M aterials on h a n d ....................
2 ,2 2 0 ,4 2 3
2 ,0 7 7 ,0 6 8
2 ,8 5 0 ,3 8 9
A d v a n ce s t o o t h e r C o ’ s fo r
oonst’ n a u d o th e r p u rp o s e s 4 ,6 9 7 ,8 9 6
3 ,8 5 3 ,8 1 2
4 ,2 6 3 ,0 2 2
BUls r e c e iv a b le ..........................
3 7 6 ,8 4 5
4 9 9 ,7 9 2
4 2 8 ,8 7 7
Cash*
.....................
1 8,0 3 6 ,4 7 1
1 8 ,3 1 2 ,4 5 2
1 0 ,6 5 5 ,5 5 2
M isce lla n e o u s.............................
2 ,0 5 2 ,-5 4
1 ,6 3 3 ,1 9 7
4 ,7 2 4 ,1 5 1
T o t a l....................................... 2 7 9 ,6 1 2 ,6 7 3

2 7 9 ,4 2 3 ,8 4 1

2 7 5 ,7 5 9 ,3 0 2

M

arch

■ g a .....

11,

THE CHKONIOLE.

1899.J

■

= = =
1S98.
$

1897.
$

1 89 7 .
$

Liabilities—

1 2 9 ,3 0 3 ,7 0 0
C a p ita l s t o c k . . . . . . . ................. 1 2 9 ,3 0 5 ,0 0 0
8 3 ,6 5 5 ,8 4 0
F u n d e d d e b t................................ 8 3 ,6 2 5 ,8 4 0
4 ,2 3 8 ,0 7 1
M o rtg a g ee an d g r o u n d ren te. 4 ,2 7 8,07 1
1 ,1 8 2 ,5 5 0
H . P . Mt, J. & Lim . s to c k g u .
1 ,1 8 2 ,5 5 0
7 0 0 .0 0 0
Do
do
bonds gu ar.
7 0 0 .0 0 0
1 ,7 6 8 ,3 1 5
T ra f. b a l’s d u e o t t e r r o a d s ..
1 3 8 ,2 3 6
6 4 4 .0 0 0
Payrneu ta l o r le a se d e q u ip .. .
7 2 4 ,5 0 0
5 ,4 2 0 ,2 3 2
P a y -ro lls a n d v o u c h e r s .........
5 ,8 1 7 ,7 3 3
6 4 .3 5 7
D iv id e n d * and I n t u n p a id ..
71,9 15
1 0 ,1 7 7 ,3 1 7
S u n d ry a cots. d u e oth . ro a d s. 1 0 ,9 2 2 ,1 9 1
1 5 5 ,97 2
D u e e m p lo y ee’ s a v in g l u n d ..
4 2 ,4 0 1
5 99 ,79 1
“ re lie f t u n d ..........................
4 2 4 ,2 2 8
2 3 ,9 4 6
“ in su ra n ce lu n d .................
4 8 .5 6 8
$ 2 9 ,6 6 6
1,178,781
M is c e lla n e o u s .........................
S e c u r .o l D n .N J .C o .'s trans.
3 ,2 8 3 ,1 6 2
w ith th e t e a s e ......................
3 ,2 8 3 ,4 6 2
H in d lo r p u r .o l see o r .g u a r .
4 ,7 4 9 ,8 6 7
<tr. o l O et. 9 ,1 8 7 8 ) ...........
4 ,8 4 1 ,8 6 8
l , r 0 0 .0 0 0
E x ir o d in 'y e x p e n d 'r e lu a d
1 ,8 0 0 ,0 0 0
2 2 6 .1 5 9
T ru ste e o l c o n so l, m o r t . . . .
2 0 0 ,1 1 5
5 ,9 8 9 ,3 6 0
C o n . M. b o n d s sin k. l u n d ...
6 ,3 4 4 .1 4 0
1 ,6 3 7 ,2 7 7
In t- a e c’ d o n Pa. R R . b on d s.
1 ,6 3 7 ,0 7 7
2 2 .3 2 3 ,9 5 7
B a la n ce t o p ro fit a n d lo s s ..
2 2 ,4 4 5 ,9 9 7

1 2 9 .3 0 3 ,1 5 0
8 3 ,6 5 5 .8 3 9
4 ,288,071
1 ,1 8 2.55 0
7 0 0 .0 0 0
2 ,1 7 9 ,8 2 1
5 6 3 ,5 0 0
4 ,5 5 0 ,4 9 5
7 2 ,9 8 4
8 ,5 0 5 ,2 0 9
6 4 ,1 3 1
1 6 3 ,3 8 8
70.2 54
7 0 8 ,8 2 0

471

During the year the company acquired the National Switch
& Signal Co., whose stock appears among the assets for
#375,000. Comparison with the balance sheet of Dec. 31.
1897 (in V. 66, p. 758), discloses the fact that the preferred
stock issue has been increased #100,000 and the first mort­
gage bonds have been decreased #30,000, and that #260,000
of second mortgage bonds have been issued,—V. 67, p. 1364.

GENERAL

IN V E ST M E N T

NEWS.

Reorganizations, Etc.—Defaults, Reorganization Plans,
Etc.—The usual index is omitted this week, hut that cover­
ing the items published to Feb. 34, inclusive, will be found
3 ,2 8 3 ,4 0 2 in the C hronicle of March i .
American Automatic W eighing Machine Co.—Automatic
4 ,6 5 5 ,4 5 6
W eighing Ma chines—Consolidation.—The three companies
5 1 ,6 4 7
5 ,6 6 4 ,5 8 0 controlling substantially all the penny weighing machines in
1 ,6 3 7,27 7 the country have been consolidated and incorporated in
2 4 ,1 5 2 ,3 2 3 England as “ The American Automatic Weighing Machine
Company, Limited.’’ The capital is £135,00(1 in 6 per cent
T otal.
2 7 9 ,6 1 2 ,6 7 3 2 7 9 ,4 2 3 ,8 4 1
2 7 5 ,7 5 9 ,3 0 2
cumulative preference shares and £135,000 in common
■ In clu d e s ca sh t o p a y co u p o n s, ca s h In h a n d s o f T re a s u re r a n d w ith shares. The prospectus states that in the past 4 years
s u p e r in t e n d e n t a n d a g e n ts .—V. 6 7, p . 1309.
69,223,599 persons have been weighed on the 7,000 machines
of the company, producing a gross income of #692,336. The
The American Sugar Refining Company.
negotiations for the sale and consolidation o f the properties
f Balance Sheet o f Dec. SI, 1838.J
were conducted by Messrs. WilsDn& Stephens. The English
The company, following its usual custom, has filed with the Company is represented in this country by Messrs. Seward,
State of Massachusetts the following balance sheet of Dec. 31: Guthrie & Steele as counsel and Stephen Little, Esq., as Consalting Auditor. The American directors are Hon Benj. F.
1 89 8 .
1897.
1896.
1395.
Tracy, Hon. Wm. E. Curtis, Clement F. Griscom, Jr., and
A ssets—
8
3
3
$
Wm, H. Male. The companies united are : The National
R e a l e sta te, e t c . . . . 3 7 ,2 8 ',3 4 5 3 7 ,6 9 1 ,8 7 1 4 3 ,1 4 0 .7 7 0 4 3 ,1 1 0 ,7 0 9
Cash a n d d eb ts ree. 2 7 .5 6 3 ,9 6 5 2 3 .5 3 2 ,5 0 3 2 1 ,7 7 8 .1 1 7 2 4 ,6 7 1 .2 9 3 Weighing Machine Co., the National Automatic Machine Co.
8 u g a r , r » » & refin ed 2 2 ,2 1 3 ,2 2 4 2 2 ,4 3 9 ,3 8 1 1 3 .8 8 1 ,2 0 7 1 2 ,4 6 2 ,7 7 6 and the American Automatic Weighing Machine Co.
Im p ro v e m e n t a o e t ..............
..............
6 ,6 1 8 ,0 0 3
6 ,2 8 7 ,2 3 3
in v e s tm ’ te in o th e r
American Brick uo.—Incorporated.—This company has
co m p a n ie s ............. 3 1 ,0 5 3 ,1 1 2 3 0 ,3 1 7 ,6 5 6 2 8 ,2 5 1 ,1 3 5 2 5 ,6 9 2 ,0 0 0 been incorporated at Trenton, N. J., with authorized capital
stock of #10,000,000, of which #6,000,000 is 7 per cent nonT o t a l....................1 1 8 ,1 5 0 ,8 7 7 1 1 0 ,1 1 1 ,4 1 6 1 1 3 ,6 5 2 ,8 6 2 1 1 2 ,2 5 7 ,0 2 1
enmulative preferred. Incorporators:
Liabilities—
C a p it a l....................... 7 3 ,9 3 6 ,0 0 0
D e b t s .......................... 3 2 ,9 8 7 ,2 0 0
R e se rv e ..................
1 1 ,3 2 7 ,0 7 7

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

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

O a k lelgh T h o rn e o f M ill B ro o k , E d w a rd T h o rn e o f B a b y lo n , R a y ­
m on d C . K n o x , F re d W . S o u n d e r* . C harles H a n s e l o f N ew Y o r k ,
E d w a rd M ob* o f I r v in g t o n a n d J o h n M , F e rr ic k o f B a b y lo n .

T o t a l............... .. .1 1 8 , 1 5 0 3 7 7 1 1 0 ,1 1 1 ,1 1 0 1 1 3 ,8 5 2 ,8 6 2 1 1 2 ,2 5 7 ,0 2 1
—T . 6 8 , p . 126.

The new company, it is stated, is designed to consolidate
many of the important Eastern interests, notably those along
the Hudson River, which supply the New York'market.
American Felt Co.—Consolidation.—This corporation,
formed under the laws of New Jersey with an authorized
capital of #5,000,003, has purchased, it is stated, the plants
and businesses of the following concerns engaged in the
manufacture o f felts of various kinds:

Commercial Cable Co.
( Report fo r the year ending Dec. 31, 1833.J
President Macltay says In part:
The net traffic earnings from cables and land lines increased
#107,410 over the previous year. There has been transferred
#350,000 to the reserve fund and also #100,000 to the fund for
insurance of stations, apparatus and repair steamer, and
these sums will be invested in first-class securities The
reserve fund now am jants to #3,0J7,103, and the insurance
fnnd to #200,000,
During the year there have been issued #2,000,000 4 per
cent first mortgage bonds. The proceeds from this issue
have been partly expended in acquiring the property of the
Pacific Postal Telegraph Cable Co, and further extensions
o f land lines, thereby adding to the company’s land line sys­
tem 3,419 miles of poles, 12.841 miles of wire and 403 offices.
e x iix is o s ,

E xn tssK S , a r c .

1898.
E a rn in g * (In clu d in g net o f la u d tin e*)............. # 3 .0 3 1 .4 3 8
E x p e n s e * . , . . . . . , . . ........................................... .
1 ,0 0 3 ,8 2 5

1897.
$ 2 ,7 7 5 ,9 3 9
9 1 2 ,0 3 0

$-GO.( 0 0
7 0 4 .2 9 6
3 ,5 1 2

$ 1 ,8 6 3 ,3 0 0
$ 8 0 0 ,0 0 0
0 * 0 .0 0 0
0 ,2 1 8

* 5 2 0 ,2 0 5
592.701

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

M tsevllan eou *.

R e se rv e fu n d *.

D e f i c i t .. ........................................ ..............
$ 7 2 ,5 5 0
$ 1 1 9 ,0 6 9
BALX.KCK SUE«T DECKllBKR 3 1 , 1 898.
Assets.
L ia b ilities.
Cable*, land Una*, etc.$29.848,290 S t o c k ................................ $ 1 0 ,0 0 0 ,0 0 0
S u n d ry seourtU ea____
2 ,6 1 6 ,5 0 0 B o n d * .....................
1 8 ,0 0 0 .0 0 0
Sundry debtors............
735,763 D iv id en d * p a y a b le ...
2 7 5 ,0 0 0
Ossh.......................
1,113,998 S u n d ry cr e d it * ..............
3 9 2 ,9 5 4
S p a re c a b le an d m l*3 ,2 3 7 ,1 0 3
R e se rv e fu n d* ....... .......
cssllaneou*.................
242,903 Applied to extension* 2,250,1 0 0
1 0 1 ,1 6 2
i Revenue account.
T o t a l ............................$ 3 1 ,5 5 9 ,5 2 0

— V . 00, p. 015.

T o t a l.,....................... $31,559,520

Union Switch & Signal Co.
(Report fo r year ending Dec. 31,1838 )
The annual report shows as follows:
„
1 89 8 .
O r e s * ................................................... $ 0 5 6 ,3 3 1
H a t.
............................................. 9 3 tj 9 »
D iv id e n d s , 6 p e r ce n t o n p r e f . . .
2 5 ,3 5 6

1 897.
$ 1 2 4 ,1 9 0
50,9 47
23,8 41

S u rp lu s fo r y e a r . . . . , ............. $ 6 7 ,8 3 3
$ 2 7 ,1 0 6
n a u s e a s h e e t d * c. 3 1 , 1898.
A ssetsL ia b ilitie s —
C*ah, — ............................
$ 1 3 ,1 0 7 P referred s to c k . . . . . . . .
A e e o u n t* r e o o lv a b le ...
2 2 6 ,8 0 1 C om m on s t o c k ...............
M a te ria !* ..........................
1 7 7 .8 5 7 F irst m o r t g a g e b o n d s.
Swiss v a le p r o p e r t y ___
169,171 S econ d m o rtg a g e b o n d s
M a ch in e ry and t o o l* ..
1 6 9 .9 0 7 In te re s t o n b o n d s ___
F u rn itu re an d fixtures.
2,131 A o e o a n te p a y a b le ..........
ftat.3 w itch A S .oap .st'k 3 7 5 .0 0 0 Surptu* D eo. 3 1 ,1 8 9 8 ..
P a te n t* ............................ 1 ,0 0 0 ,0 0 0
T o ta l M eets . . . . . __ $ 2 ,1 3 3 ,5 7 4

In crea se.
$ 2 3 2 ,1 4 4
4 2 ,2 1 2
1,515
$ 1 0 ,7 2 7

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

T o ta l lia b ilitie s ....$2,133,574

Essex Mills, W . 8 . T a y lo r A Bloodgood. J r .; H aw thorne Stills,
Tlngue. House A Co.; C ity Mill* Com pany. F ra n k lin , H u t . , and tho
property of taa la te firm of A lfre d Polite * Son, reeently operated
under the name of the Am erican Fe lt M anufacturing Co

Mortgage.—The company on March 2 filed at Elizabeth,
N. J., a mortgage for #500,000 to the United States Mortgage
& Trust Co., a* trustee, to secure an issne o f 500 six per cent
#1,000 bonds. The proimrty conveyed is said to include the
Alfred Dolge Felt & Lumber property at Dolgeville, N. A'.,
land* in Norfolk County, Mass., and the Essex Felting Mills
in Clark Township, property in Greenwich Township,
Conn., etc.
American Malting Co.—Ihtrchaxed.—Sale o f Tre/isury
Stock— The company ha* purchased the malt houses of J o in
M. Moser, Lockport and Phelps, N. Y., and o f the Scott Malt­
ing Co., at Lyons, N. A"., their aggregate capacity being
about 375,000 bushels. These properties, it is stated, as well
as those of Neidlinger & Sons of this city, were acquired
without increasing the company's capital stock, its earnings
and treasury stock having been applied to their purchase,
thus strengthening the company's position.—V. 68, p. 185.
American Shipbuilding Co.—Proposed Consolidation.—
According to advices from Cleveland, plans are being per­
fected for the organization o f a company under this title
and with capital stock of #30,000,000. of which #15,000,000 7
per cent preferred, to unite the shipbuilding and kindred in­
terest* of the Great Lakes. The Cleveland companies named
as likely to enter the combination are the Globe Iron Works
Co,, the Cleveland Shipbuilding Co. and the Vessel Owners’
Dry Dock Co.
American Smelting & Refining Co.—Plan.—Itjis proposed
that this company, to be organized under the laws of New
Jersey with authorized capital stock of #65,000,000 (half
preferred), shall consolidate the following smelting com­
panies:
C o n so lid a te d K a n sa s C ity S m e ltin g & R efin in g C o ., O m aha & G ra n t
C o ., N a tio n a l S m eltin g C o., U n ite d S m e ltin g C o., C o lo ra d o S m e ltin g
C o., G lo b e S m eltin g C o,, P u e b lo S m eltin g C o . P u e b lo S m e ltin g A R e­
fining C o ,. G e rm a n ia S m e ltin g A R e fin in g C o., B im e ta lllo S m e ltin g
Co. and the P e n n sy lv a n ia S m e ltin g Co.

It is proposed to issue at once #27,000,00) of preferred and
the same amount of common stock. Moore & Schley and
Lewisobn Brothers nave been concerned In the underwriting
of the new company.—V. 67, p. 1003,1010.
American Tobacco Co. —Uni*n Tobaceo Go.—Exchange
of Stock.—Subscribers to Union Tobacco securities are to
receive 135 per cent in American Tobacco new stock for the
amount o f their cash subscriptions. Assuming that the in­
creased capitalization o f the American Company will sell at
half the price o f the present stock, say 97, it appears that
Union Tobacco subscriptions figure out about 130.—“ New
York Sun."—V. 68, p. 426.

472

THE

CHRONICLE.

[Y L L V
O , X III,

American Woolen Co.—Consolidation.—This company is United States Circuit Court directing the foreclosure sale of
being organized under the laws of New Jersey. ' Its present the $8,000,000 bonds of the Parkersburg Branch RR., which
issue of capital stock is $16,000,000 of 7 per cent cumulative are pledged as security for the 6s o f 1879.
On March 1 suit was instituted to foreclose the B. & O.
preferred stock and $25,000,(00 o f common Btock, and with
this it has been arranged to acquire and finance the following: Terminal mortgage of 1891 for §3,500,001.—V. 68, p. 436.
W a sh in g ton M ills, L a w re n ce . Maes.; R iv e rs id e M ills, P ro v id e n o e ,
Brooklyn Rapid Transit Co.—New Stock on Unlisted De­
R . I .; N a tion a l P ro v id e n ce M ills, P rov id en ce, R. I.; S aran ao M ills,
P ro v id e n o e . R. L; B la ok eton e M ills, B la ck eton e, R. I.; F n lton M l Is, partment o f Stock Exchange.—The §9,500,000 of new stock
O sw e g o F alls. N. Y .; B aoll M ills,F itch b u rg , M ass.; F itch b u rg W orsted issued in connection with the purchase of the Nassau Elec­
M!11b. F itoh b u rg . M ass.; V a lle y W orsted M ills, P ro v id e n o e , R . I.
tric RR. was placed last week on the unlisted department of
In case of the acquisition of plants which are under con­ the New York Stock Exchange. Ex-Gov. Flower is quoted
sideration in addition to those named herein, the outstand­ as saying that the entire amount was previously taken by
ing capital will be : Preferred, $30,000,000; common, §30,000.- private subscription, so that no portion would ootne on the
000. The company will be authorized to issue capital stock market.
up to $25 000,000 preferred stock and $40,000,000 o f common
Lease o f Nassau Electric RR.—It is generally expected that
stock; but it is not now contemplated to issue capital stock the Nassau Electric RR. will be taken over under lease on
in excess of $20,000,000 preferred and $30,000,000 common March 20.
stock, unless lines of manufacture other than those of the
Rumors Re tarding Possible Control o f Long Island R R .—
plants herein mentioned are united with it in the future.
The “ Brooklyn Eagle ” on Thursday said: “ Negotiations
The plants above named have been appraised by manu­ for the control o f the Long Island RR. and the Brooklyn
facturers at $12,000,000 and the working cash capital to be Rapid Transit Co. have now been virtually completed, and a
provided will be $10,000,000, making a total of $23,00 i,000, formal public announcement will be made next week.”
against which the preferred stock issued is only $10,000,000. Roswell P. Flower is quoted as saying that he does not think
Without allowance for economies and increased earnings on the report that control has been acquired is true ; he would
account of new capital put into the business, the average not say whether negotiations were pending. He intimates
net earnings of the last two years ($2,503,000) cover the divi­ there may be some news on March 20 affecting the Rapid
dend on the preferred stock and nearly 6 per cent on the Transit Co. [perhaps regarding the Nassau lea*e], but no
common. To provide the $6,000,000 to be paid on account of statement, he says, can be made at present.—V. 68, p. 329.
the plants ana the §10,000,1 00 working capital, $16,000,000
Brooklyn & Brighton Beach RR.—Foreclosure Sale March
of 7 per cent preferred stock and §8,000,000 o f common stock
was offered by F. S. Smithers & Co. and associate bankers, 21.—This property is to be sold at the Real Estate Exchange
Salesroom, 189 Montague Street, Brooklyn, March 21.—V. 68,
and it is announced has been more than subscribed.
p. -±26.
Anthraeite Coal Companies—New York Wyoming &
B rooklyn W harf & Warehouse C l —Neu> Officers.—Gor­
Western RK.—Sale o f Independent Coal Companies.—All
the coal companies controlled by Simpson & Watkins, who don B. Horton has been elected President in place of Tuomas
have been the largest individual coal operators at Scranton, A. McIntyre, who because of the pressure of other business
and leading participants in the movement to construct the retires and becomes Vice-President and Chairman of the
New York Wyoming & Western as an independent outlet to Executive Committee: William A. Nash, who retires as
tidewater, have been acquired by and will be merged in the Treasurer in favor of his son, Warren B. Nash, Second ViceTemple Iron Co. The companies so acquired mine about President; Samuel Taylor Jr. was re-elected Secretary and
1,500,1 0" tons of anthracite yearly, and their sale to interests H. A. Wheeling Assistant Secretary. Mr. H >rton succeeds
believed to be friendly to the existing coal roads removes a as director the late David Dows Jr.—V. 68, p. 437.
disturbing element and, it is thought, all likelihood of the
Carolina Central R 7 .—Guaranty.—AM of the old first
independent line being built. The companies merged are mortgage bonds, with the exception o f $65,000, and all o f
the Forty Fort Coal Co., capital $200,000; Babylon Coal Co , the second and third mortgage bonds, with the exception o f
$100,000; Edgerton Coal Co., $200,(00; Mount Lookout Coal §22,400 o f the former and $62,832 53 of the latter, including
Co., $120,000; Northwest Coal Co., §100,000; Sterrick Creek scrip, have been deposited with the trustee under the reor­
Coal Co , $100,000; Lackawanna Coal Co., §50,000.—V. 67, p. ganization agreement. Of the $65,000 old first mortgage
221; V. 68, p. 283.
bond §35,000 have assented to the plan, although the own­
Arcad an Copper Co.—Re incorporated in Nt w Jersey. —The ers have not yet sent them in for exchange. The entire
Maryland Copper Co., which filed articles of incorporation issue o f §3,000,000 new 4 per cent bonds is guaranteed by
recently at Trenton, N. J., with a capitalization of $1,(00,- the following endorsement:
000, on March 3 filed an amended certificate changing the
F o r v a lu e r e c e iv e d th e S e a b o a rd & R o a n o k e R R . C o. a n d th e R a le ig h
name to the Arcadian Copper Co., and increasing the paid-up & G a sto n R R . Co. h e r e b y j o in t l y a n d s e v e r a lly g u a ra n te e th e p u n c tu a l
p a y m e n t o f th e p r in c ip a l a n d in te re s t u p o n th is b o n d , at the t im e a n d
capital to $3 750,000 (par value $25 per share), and reserving In th e m an n er th e re in s p e c ifie d , a n d c o v e n a n t s e v e r a lly w ith th e
the right to increase this to $50,000,000. Of the capital stock F ar-tiers’ L o a n & T ru st C o., o n d e fa u lt in th e p a y m e n t o f a n y p a r t
(150,000 shares, $8 750,000,) 100,000 shares are to be ex t h e re o f b y th e o b lig o r , t o p a y sa id p r in e ip s l and In te re st as the sa m e
beoo
[S
changed share for share tor the stock of the Arcadian Cop shall .]—V.m6e8,due.378 . ig n ed b y P re sid e n t a n d T re a s u re r o f ea ch o o m nany
p.
per Co. of Michigan and the remaining 50,000 are offered to
Central Union Telephone Co.—Yew Bonds.—Of the $«,the stockholders of the latter company at $30 cash per $25
share, on the basis of one-half share for each share held in 000,000 new 5 per cent gold consols due Jan. 1, 1919, §2,500,the Michigan company. The reason for the re-incorpora­ 000 are reserved to retire the 1st 6s; $1,000,000 are to be
tion is that the Ihws of Michigan do not allow a larger capi issued at once; and $2,500,000 hereafter on vote o f directors
talization than $2,500,000. The $1,500,000 cash received for actual cost of extensions and improvements. The bonds
will be applied as follows: $600,000 to pay for the Highland are subject to call at 105 on any interest day after Jan. 1,
St. Maiy’s Copper Co. and other properties, and $900,000 for 1909, on thirty days’ notice. The comp my operates in 55
towns in Illinois, 41 in Indiana and 76 in Ohio, a total of 172,
additional plant and developments.—V. 67, p. 72.
Ariz na Improvement Co.—Arizona Canal Co.—Plan or an increase of 55 in the last 2%. years.—V, 68, p. 379.
Central Pacific R R.— Listed.—Of the company’s §67,Mi’difted.—Notice is given that certain modifications in the
plans of reorganization have been made concerning the 275,500 o f capital stock, 393,918 shares have been deposited
rights of depositing bondholders who have not paid their as­ under the plan of readjustment, and Speyer & Co. engraved
sessments. A statement of the modifications has been filed certificates of deposit issued therefor have been listed on the
with the New York Security & Trust Co., depositary —Y New York Stock Exchange.—-V. 68, p. 427.
66, p, 1043.
J
Chicago Consolidated Traction Co.—Organization.—This
Atchison Colorado & Pacific RR.—Atchison Jewell new company took over last week all the companies men­
Connty & Western RR.—Proposition Accepted.—The depos­ tioned in the following table and will give its own stock (au­
iting bondholders, at their meeting on March 1, voted unan­ thorized issue $15,000,000) in exchange for their stock, except
imously to accept the offer o f 75 per cent of the face value in the ease of the Chicago North Shore Street Ry.
This
of their bonds in new 4 per cent bonds, secured by mort­ will be operated under its lease to the North Chicago Elec­
gage at $12,000 per mile, and guaranteed, principal and inter tric Ry. Co., under which 6 per cent per annum is guaran­
est, by Missouri Pacific. As there are $4,612,000 bonds in all teed on its $650,000 stock, audits $675,000 bonds are guaran­
outstanding, the exchange calls for the issue of $3,459,000 of teed, principal and interest. The Suburban Railroad will
4 per cents.—Y. 68, p. 329.
not be acquired at present. The following table gives of­
Atchison Topeka & Santa Fe Ry.—Terminals at San ficial figures brought down to date as to mileage, funded
Francisco.—Santa Fe Terminal Co. of California has been debt and capital stock of the companies which will be op­
incorporated in California with a capital stock of $1,000,000 erated together:
M ileage
-Presentto build terminals for the San Francisco & San Joaquin Val
.
__
(Single track).
Bonds.
Stock.
ley line of the Atchison Topeka A Santa Fe at San Fran­ C h ica g o E le c tr ic T r a n s it................... 35-2 0
$ 1 ,0 9 7 ,0 0 0
$ 1 ,5 0 0 ,0 0 0
C h ica g o < J e ffe rso n U rb a n ...........
fc
7*74
cisco.—V. 68, n. 426.
2 0 8 ,0 0 0
2 , 000.000
C h ica g o N o rth Shore (le a s e d )____U14*90
6 7 5 .0 0 0
6 5 0 .0 0 0
Atlantic A North Carolina RR.—Proposition to Purchase. C ic e ro & P r o v is o ............................... 37-8 4
1 .4 * 5 ,0 0 0
2, " 00,000
—A syndicate has been formed to purchase the interest of E v a n s to n E le c t r ic .............................. 4 -66
1 3 0 .0 0 0
1 , 0 0 0 ,0 0 0
N orth
o E c
868.000
2 , 000,000
the State of North Carolina in this road. W . J. Edwards N o rth C h ica gle c t leio t r io ................... 3 8-4 0
Side E
r ...........................
5*70
1 5 5 .0 0 0
1 ,5 0 0 ,0 0 0
President of the Moore Connty Bank, of Sanford, N. C., it O g d e n S tr e e t........................................ 35 0 0
5 7 6 .0 0 0
2 , 000,000
is understood, is at the head of the syndicate, which will
......................1 7 9 -4 4
$ 5 ,1 9 4 ,0 0 0
$ 1 3 | l5 0 ,0 0 0
offer §300,000 for the line. A bill has been introduced in
nr T o b e h eld u n d er le a se o f N o rth C h ioago E le o tric R y .)
the Legislature to authorize the sale. One condition of the
The stockholders of said companies are to receive the fol
transfer is that the owners shall extend the line 100 miles to
lowing stock in the consolidated company; Evanston Elec­
Charlotte, Concord or Salisbury, N. C.—V. 61, p. 470.
Baltimore & Ohio RR.—Foreclosure Suits.—At Baltimore tric Ry. Co. ($50 lor $100), $500,000; Chicago & Jefferson
March 5 judges Goff and Morris signed a decree in the Urban Transit Co. ($50 for $100), $1,000,000; North Chicago
Electric Ry. Co. ($175 for $100); $3,500,000; North Side

MjlBCH 11, 1899.J

THE CHK0N1CLE.

Electric Street Rv. Co. ($200 for $100), $2,000,000; Chicago
Electric Transit Co. ($250 for $100), $3,750,000; Ogden Street
Ey. Co. ($50 for $100), $1,000,000: Cicero & Proviso Street
Rv. Co. ($50 for $100), $1,250,1)00. To effect the above ex­
changes will require the issue o f $14,000,000 o f the new comuany’s $15,000,000 of stock.
The officers and directors of the new company are: Direc­
tors, J. M. Roach, D. H. Louderback, C. T. Yerkes, C. H.
Marlowe; officers, President, John M. Roach; Yice Presi­
dent, W. F. Forbeck; Secretary, C. H. Marlowe.—Y. 68, p.
380.
Chicago Indianapolis & Louisville Ry.—First Divi­
dend.—The directors on Tuesday declared a first dividend o f
1 per cent on the preferred stock.—V. 63, p. 281,
Cbleago Milwaukee & St. Paul Ry.—Chicago Railway
Terminal Elevator Co.—Elevator Purchased.—The Chicago
Milwaukee & St. Paul Ry. Co, has purchased at Chicago from
the Chicago Railway Terminal Elevator Co. the Fulton Ele­
vator, with frontage o f 147 feet on the river and a depth of
107 feet, for $262,000. and the St. Paul Elevator, (on gronnd
leased from the St. Panl road] for $138,000. The purchase
gives the St. Paul a river frontage o f 330 feet at this point.
The Chicago Railway Terminal Elevator succeeded in
1804 the Chicago Grain Elevator Co. and issued $1,330,850
common and $1,402,920 preferred stock and $2,400,000 first
me rtgage fifty-year 6s, subject to call at 110. A few months
ago the company’s large elevator near the North Western
Railway Station was burned; the North Western is prevent­
ing its rebuilding by condemnation proceedings.—V. 68, p.
129.
( hicago Street Railways. —Alien Law Repealed. —At
Springfield, 111., on March 2, the State Senate almost nnani
mously passed the House bill repealing the Allen Law of
last session, which authorized city councils to grant fifty year
franchisee to Illinois Street car corporations. The bill has
been duly signed by the Governor and is now in force.—
V. 68, p. 330.
Columbus Sandusky k Hocking HR.—Determination o f
Indebtedness.—Special Master H. M. Butler, Room 3, Hos
ter Block, 35}£ North High Street, Columbus, Ohio, gives
notice that, under order of Court, he is taking account of
the indebtedness of the company and that claims against
it may be proved on or before April 5 —V. 88, p. 40.
Consolidated Bay Cities Ry. —Deposit o f Bonds Called—
Possible Further Surrender o f Coupons or Foreclosure.— A
Philadelphia committee, consisting of Michael P, Heratv.
Chairman; Charles Platt, Lawrence Johnson and Frank K.
Hippie, appointed at a meeting of the bondholders, say;
The needed Improvement* require a large expenditure of money,
a Ieoh primarily ehonlii be euppued liy the •tookholders They »r«
enable to do so. and the money maul be supplied by the bondholders,
either through the further surrender of coupons for a series of s ears
or by direct contribution. Yotir committee therefore recommend*
that its position be strengthened by a deposit of bonds and by ex eas authority not only to endeavor to make an arrans'-ioent with
e railway company or its stockholders, bat also to proceed to a foreelosore of the mortgage and a reorganization tf deemed advisable
The mortgaged property can ultimately be made valuable bat drastic
measures may be necessary. The Bondholders are therefore requested
to deposit their bonds with the City I rust. Safa Deposit A Surety Co.,
*37 sad 929 Chestnut Street, Philadelphia.
Cumberland Telephone it Telegraph Co.— Increase o f
Stock-.—At the annual meeting on March 2 the stockholders
authorized an increase of the capital stock from $3,000,600
to $8,000,000, The additional stock, it is said, will be sold at
par, stockholders being allowed to subscribe in proportion to
their present holdings. Ton annual report notes the comple­
tion of the lino from Memphis to New Orleans, via Grenada
and Jackson, Miss., etc., and satlsfactorv progress on the
line via Vicksburg and Baton Rouge. The system thus
reaches all of the principal points between Cann’i, 111., and
Shreveport, La.—V. 67, p. 176.
Denver City Tramway.—Consolidation.—A press despatch
from Denver says that on March 3 the consolidation of the
electric and cable street railway lines o f the city was
effected under the name of the Denver City Tramway Co.
A statement regarding the consolidated company and its se­
curities appears in oar Street R ailway Supplement. The
officers are: RodDey Curtis, President; Win. N Byers. VicePresident; Wm. G. Evans, Secretary; George E. Ross-Lewin,
Treasurer.—V. 68, p. 281.
Des Moines I'nloa Ry.—Chicago Milwaukee k St. Paul
Ry.—Wabash Ry.—Leased,—President F. C. Hubbell an­
nounces that the Des Moines Union Railway has been leased
to the Wabash and to the Chicago Milwaukee & St Paul for
a term of 20 years from May 1.—V. 65, p. U73; V. 68, p. 129,

S

473

Great Northern Paper Co.—New Enterprise.—This com ­
pany has been organized under a special charter granted by
the State of Maine, and with a capital stock of $4,000,000, all
subscribed by leading capitalists in New York and Boston,
The company proposes to Degin immediately the construction
of mills on the Penobscot River, with a capacity of 250 tons
of news paper per day. About 260,000 acres of timber lands
situated along the Penobscot River and the lake3 tributary
thereto have been acquired, and also a water po wer ample at
all times for the operation of these mills. The management,
it is said, will be in the hands of experienced men, all of
whom are large contributors to the capital of the c 'tupany.
The product o f the mills will be sold by the New York &
Pennsylvania Co. o f this city. Among the larger contribu­
tors to the capital stock are:
C ol. O liv e r H . P a yn e , C ol. A u g u stu s G . P a in e , M e y le r t M . A r m ­
stro n g. A u v u stu s G . P a in e , J r ., W alter S. G u ru e e , J o h n G . M o o r e a n d
G ran t B. S oh ley, o f th e b a n k in g lirm o f M o o re A S o h le y , a il o f N ew
Y o r k ; a n d G a rre tt S oh en ok, E d w a rd H . H a sk e ll a n d th e M essrs.
A m e s, o f B o sto n .

Havana Commercial Co.—Incorporated.—This company,
mentioned last week, was duly incorporated at Trenton, N.
J., on March 4, by Isidore L. Carroll, James V. H, Lawrence
and Charles L . Horton. The paid-up capital stock is $20,000,000.—V. 6$, p. 428.
Indianapolis Street R y.—Citizens’ Street RR. o f Iudlauapoti-.—Organized.— New Securities. —
The Indianapolis
Street Railway filed articles of incorporation with the Sec­
retary of State at Indianapolis on Tuesday. The officers, it
is stated, will be: President, Hiram P. Wasson, of Indianap­
olis; Directors. Henry Jameson, Huroli Hibben, Gsorge
Brown, H P. Wasson and Julius A. Lnmeke, of Indianapo­
lis: Randall Morgan, of Pniladelphia, and Hugh J. M c­
Gowan, of Kansas City.
The “ Philadelphia Financial N ew s" says the company
will be capitalized as follows:
C ap ita l s to c k (p ar $ 5 0 ) . . ................................ ........ .........................$ 5 ,0 0 0 ,0 0 0
N ew 4 p e r ce n t b o n d s in f w h ich $ 2 ,5 0 0 ,0 0 0 r e p re s e n ts C it­
ize n * ' Co. c o n v e r t e d s t o c k )............................................................. 3 ,7 5 0 ,0 0 0
U n d e rly in g secu rities—
C itizen *' S treet R a ilw a y 0 p e r c e n t * ...........................................
3 0 0 ,0 0 0
C itizen s' S treet R a ilw a y 8 p e r ce n ts .........................................
7 0 0 ,0 0 0
Citizens' S treet R a ilw a y C on sols 5 p e r c e n t s ...................... , 3 ,0 0 0 ,0 0 0

“ Citizens’ Co. stock (par $100), receive 50 per cent in the
4 per cent bonds and 10 per cent in the stock of the new com­
pany." The paper quoted above says:
T h e C ltD e n s' Co. d o e * n o t p u b lish It* e a rn in g s, b ur g o o d In fo rm a tio n
Is th a t t h « c o m p a n y h a s b e e n e a rn in g ra th e r m o re than $ 4 0 0 ,0 0 0 n e t
per annum . T h » n ow In terest ch a r g e s w ill a m o u n t to $ 3 8 0 ,0 0 0 p e r
annum fo r th e first y e a r, th o u g h this a m o u n t it is p ro p o s e d to re d u ce
b y $ 2 0 ,0 0 0 per a n n u m b y r e fu n d in g the u n d e r ly in g citizens' C o . 6 p er
cu t b on d s at t : ■'- r nt. w h en th e y m a tu re in loot) an d 1901. A fte r
t t e c o n tr a c t w ith the city has b oon a c tu a lly sig n e d , h o ld e rs o f C iti­
z e n s 'C o m p a n y s to c k w h o h a v * d e p o site d th olr h o ld in g u n d e r a g r e e ­
m ent w ith the G u a ra n tee S a fe D ep osit A T ru st C o. w ill r e c e iv e n o tice
o f the term * f o r e x c h a n g in g th eir s to c k , as sta te d a b o v e . T he firm o f
J. A W. -M ig tn a n A C o ,. h a n kers, o f N ew Y o rk , It Is s ta te d , w ill h a ve
a la rge Interest in th e n e w co m p a n y , a n d w ill tak e an a o tlv e h a n d in
It* n jr.ln i,—V. 6 8 , p, 4 2 7

Indiana A Lake Michigan Ry.—St. Joseph South Bend
& Southern UK. I Topertu Transferred— At Terre Hutto,
lad., March t. Receiver Malott turned over the forty miles
of road of the Indiana & Lake Michigan Ry. to the St.
Joseph South Bend & Southern RR., the new company’ or­
ganized by the old bondholders. This latter company is au­
thorized to issue $230,000 five per cent preferred and $500,000 common stock. The stock Issued will be held for five
years by voting trustees, viz; M irgan G. Bulk-ley, 8. C.
Dunham and Colgate H >yt. The old first mortgage bond­
holders paid an assessment of 25 per cent, receiving par in
new common stock and 25 per cent in preferred.—V. 68,p. t29.
International Steam Bump Co.—Henry R. W orthington
Co.—Steam Pump Consoli tation.—This is the company to be
incorporated under the laws of New Jersey with a capital
stock o f $27,300,000, o f which $12,500,000 6 per cent cumula­
tive preferred 9tock, to consolidate :
H en ry R . W o rth in g to n C o . o f B ro o k ly n , S . Y .. a n d E U za b e th p o rt
a*.»ot*, $ 0 , l l h A 5 5 . B la k e A K n o w le * S team P u m p W o rk s o f E ast
C am b rid ge an d W arren. M aos ; aoaoto, $ 3 ,1 7 8 ,0 0 0 . D uane S tea m P um p
W ork* o f I fo lv o k e , M as*.; asset*. $ 1 ,1 5 5 ,0 0 0 . L a ld la w -D u n n -G o rd o n
C o m p a n y o f C in cin n a ti, O h io; a -* e ts $ - 0 0 ,0 0 0 . S n o w Steam P u m p
W ork* o f BntTalo, N. 3 '.; a ssets, $ 70 0 ,0 0 0 .

The n* t earnings of the above companies in 1898 were over
$1,200,000 and it is estimated that they do 99 per cent of the
steam pump business of this country, exclusive o f high duty
engines. Preferred stock at par will be set apart for the
retirement of the $2,000,000 7 per cent cumulative preference
shares of Henry R Worthington Co. and $1,150,1'00 6 per cent
debentures and $500,000 8 per cent preference shares of the
Blake & Knowles Co. The President of the new company
will be Charles C, Worthington, Treasurer Max Nathan, and
the proposed directors;

Electric Vehicle Co.—Dividend,—The directors on Wednes­
day “ declared out of the net earnings of the year 1899 a
C harles n . yV orth in gton , W illiam L. B u ll, T h e o d o r e F. M iller, M a x
dividend of 8 per cent upon the preferred capital stock of N athan. C h a rles L . B ro a d b e a t, M a rch * Stine, L e w is E. B e llo w s, J o h n
this company, payable April 1st. Also a dividend of 2 per G . M a ck in to sh , P.obert L aldln w . J o h n W. D unn, D a n ie l O 'D a y , J a m e s
cent on the common stock, payable April 1st." both to stock- H. S n ow , P h ilip L eh m a n an d E d w ard F. C. Y o u n g .
Subscriptions are being received by Lehman Bros, at the
ho iera of record at the close of March 20, 1899. Norman
rate of $100 of preferred stock and $75 common for $100
Henderson is the company's Secretary.—Y. 63, p. 429.
Ft, Worth (T ex .) Street Ry.—City Railway.—Purchase.— cash,—V. 56, p. 234.
As to the reports of a pending consolidation, Col. Morgan
Jacksonville Tampa & Key West Ry.—Assessment o f SO
Jones, Vice President of the Fort Worth Street Ry., says;
Per Cent on 1st * s—Notice to Dissatisfied Bondholders.—Un­
>
“Per the present I am only willing to say for pnbltoatton that we der a proposed amendment of agreement of deposit with the
have bought the City Street Railway Company, Mr. W. P. cjulgg Pennsylvania Company for Insurances on Lines & Granting
hne been sel-oteU a* General Manager of the company, and as soon as
the necessary papers are pa««ed, which will be about the 1st of March, Annuities, a 50 per cent assessment is levied.ou the first
will assume his aotiee at inch."
mortgage 6s deposited.

^74

THE

CHRONICLE.

The holders of the first 6s under the proposed amendment
are to receive prior lien bonds for the assessment, and for the
principal of their bonds 100 per cent in Incomes and 50 per
cent in new preferred stock. The prior lien bonds are to be
part of an issue of $1,000,000 of 5 per cents,, of which the
balance not Riven for the assessment will be reserved for the
future acquisition of terminal or other needed property.
The first 6s aggregate $1,566,000 and there are liens recognized
by the court as prior thereto amounting to $400,000. The
net earnings of the main line for the year ending Dec. 81,
1699 (January estimated), were $49,486.
F. J. Lisman & Co. advise the bondholders not to pay the
assessment, believing the road as an independent property
cannot be made to pay. They recommend that the bonds be
deposited under an agreement autnorizing their sale at 50
per cent of their face value, or at less than that price with
the sanction of the depositors, in the latter case those dis­
satisfied to be allowed to withdraw. The Philadelphia com­
mittee is not authorized to sell the bonds deposited with it
at a price less than par. An opposition committee will be
announced next week. See advertisement on another page.
—Y. 68, p. 380.
Lake Ontario & Riverside Ry.—Foreclosure Sale April
10.—The property will be sold at public auction April 10 by
Sheriff Enos. It is estimated that it will cost $100,000 to
properly re equip the road.—V. 67, 1161.
Lehigh Valley RR.— Packer Estate Stock.—The report cur­
rent that J. P. Morgan & Co. had acquired the 75,000 shares
of Lehigh Valley stock held by the Packer estate is'denied.—
V. 68, p. 126, 132.
Long Island RR.— Listed.—The New York Stock Ex­
change has listed an additional$350,000 (North Shore Branch)
first consol. 5s, making total listed $1,435,000.—V. 68, p. 380.
Louisville Evansville & St. Louis R R .—Extension o f Re­
ceiver's Certificates.—Receiver Geo. T. Jarvis has been au
thorized by the court to refund the $179,000 of receiver’s
certificates which expired March 1.—V. 67, p. 428.
Manhattan Ry.—Municipal Assembly Has No Authority.—
Railroad Commissioners to Be Asked to Act.—Richard
Croker, it is stated, has decided that the Municipal Assem­
bly has no power to regulate the running of trains on the
Manhattan Railway, which power, he says, lies in the hands
of the Railroad Commissioners of the State. Mr. Croker be­
lieves that the Board of Health has power to bring about the
various reforms which it was intended should be effected by
the Coogan ordinances, and that the Park Department can
require the removal of the structure from Battery Park.
At the meeting of the Aldermen on Tuesday the Railroad
Committee presented two ‘.reports on the car-storage ordin­
ance. The majority report, approving the ordinance, was
presented by Mr. McCall (Tam.), who then moved that the
reports be put on file, saying that the Corporation Counsel
had given an opinion that the Municipal Assembly had no
power over the railroads. He then presented this resolution:
R esolved, T h a t th e M u n icip al A s s e m b ly o f th e c it y o f N e w Y o r k
h e re b y r e s p e o tfa lly reeom m en d s th a t th e B o a r d o f R a ilro a d C om m is­
sion ers o f th e S tate o f N ew Y o r k o o m p e l th e s e v e ra l e le v a te d ra ilw a y
co m p a n ie s in th e b orou g h o f M anh attan t o ca u se their ca rs to b e run
and o p e ra ted a t in terv a ls o f n o t m ore th a n liv e m in u tes d u rin g the
en tire tw e n ty -fo u r hours o f oaoli an d e v e r y d a y, in o rd e r that b e tte r
tra n sp o rta tion fa cilities m ay be a fford ed t o th e th ou sa n d s w h o d a ily
b y d a y a n d n ig h t use th e said ele v a te d r a ilr o a d s .

The resolution was adopted, 35 to 13. Mr. McCall offered
another resolution recommending that the State Railroad
Commissioners require all elevated railways in New York
City to inclose their station platforms. Mr. Yelton (Dam.)
of Brooklyn wished to substitute Manhattan and the Bronx
for the city, but his amendment to this effect was lost, 34 to
14. The resolution was sent to the Railroad Committee, as
was one referring to the storage of cars.
No Contract Yet.—At the regular weekly meeting of the
executive committee of the board of directors of the com
panyon Tuesday, only routine business was transacted. The
contract for the electrical equipment of the railway has not
been let, and it is understood will not be until the issue of
new stock has been floated.—V. 69, p. 428.
Missouri Pacific Ry.—Sale o f Bonds.—A syndicate has
bought $6,C00,000 5 per cent gold trust bonds of the issue of
1887 which were owned by the estate of Jay Gould. Gold­
man, Sachs & Co. effected the sale.—V. 68, p. 380.
Montgomery x Chester Electric Ry.—Mortgage.—This
company has made a mortgage for $100,000 to the Real Es­
tate Trust Co, of Philadelphia, trustee, to secure bonds to
be issued on the proposed line from Pottstown to Phoenix ville, via Limerick Square, Spring City and Royersford.
Construction, it is said, is about to commence.
National Tin Plate X Stamped Ware Co.—National En­
ameling & Stamping Co.—Offer Reported Withdrawn.— A
press despatch from Chicago states that the National Tin
Plate & Stamped Ware Co. has withdrawn its offer for the
purchase of the National Enameling & Stamping Co. The
National Enameling & Stamping Co., it is understood, in­
cludes the SI. Louis Stamping Co., the Haberman Manufac­
turing Co., Kieckliefer Bros., Matthai, Ingraham & Co. and
the American Stamping Co. Other factors in the trade are
the Lalance & Grosjean Manufacturing Co., the Iron Clad
Stamping Co., Keen & Haggerty, Bellaire Stamping Co. and
the Cleveland Tool & Tinware Co.—V . 68, p. 187.
New York Electrle Vehicle Transportation Co.—Correct
Annie.—This is the correct name of the company mentioned

(V o i. LXVIH,

last week as incorporated in New Jersey to operate electric
vehicles in this city.—Y. 68, p. 429.
New York Ontario & Western Ry.— Bonds Listed.—
The New York Stock Exchange has listed $3,456,000 refund­
ing mortgage 4 per cent 100-year bonds, of which $740,000
were issued for improvements, etc., and $2,716,000 to retire
5 per cent bonds. The committee is also empowered to add
to the list from time to time additional refunding mort. bonds
when officially notified that said bonds have been issued in
exchange for first consols, making total amount to be listed
not to exceed $15,437,000.—V. 68, p. 429.
New York New Haven & Hartford RR.—Croton E x­
tension.—Trackage Abandoned.—The company, having almost
completed its line between Norwich and Groton on the west
side of the River Thames, has given notice that on April 1
it will cease the use of the Central Vermont tracks on the
side of the Thames River, the use of the Uoion Station
at Norwich, and the use of the wharf property in New Lon­
don. A New York, Norwich, and Worcester, Mass., expresstrain service it is thought will follow. Tue change, it is
said, will save the New Haven about $50,000 annually.
Terminals at Port Morris.—The company, it is stated, has
begun the work of establishing a new railroad terminus at
Port Morris on Long Island Sound to serve for ferry connec­
tion with Jersey Citv and supplementary to the present yard
at Willis Avenue.—V. 68, p. 332.
New York Suburban Gas Co.—American Gas Co.— Con­
solidation.— A certificate of consolidation of the East Chester
Gas-Light Co., the Pelham Gas-Light Co., the Westchester
Gas & Electric Co. and the Larchmont Gas Co., under
the title of the New York Suburban Gas Co., was filed at
Albany on Thursday. The capital stock is $1,500,000. The
five companies cover the whole territory extending northeast
from the New York City line, between Long Island Sound
and the Harlem Railroad, and it is said serve a population ex­
ceeding 50,000 and increasing 15 per cent to 20 per cent year­
ly. The constituent companies are reported to have sold 115million feet of tea-* in 1897 at a net profit of $72,767 and 126
million feet in 1898 at a net profit of $33,785. Interest charge
of new company is $60,000.
Bonds Offered.—Kean, Van Cortlandt & Co., 33 W all
Street, New York and E B. Smith & Co , The Bourse. Phila­
delphia, offer at 103 and interest $1,200,000 of the company’s
$2,' 00,000 1st mort..50 year gold bonds, due 1949, redeemable
at 105 and interest after March 1. 1909, guaranteed for prin­
cipal and interest by the American Gas Co., which owns all
the stock of the New York Suburban Gas Co. See advertise­
ment on another page.
Nicaragua Canal Co.— Actionby Congress. —At Washing­
ton on March 4 Cmgress passed the River and Harbor Bill, with its amendment appropriating $1,000,000 for an investi­
gation of both the Panama and Nicaragua isthmian canal
routes, but making no provision for beginning work on the
canal.— V. 68, p. 380.
Ogden Gas Co.—Universal Gas Co.—People’s Gas Light
6 Coke Co. o f Chicago.—Extensions.—The Chicago “ Econo­
mist” on March 3 said:
T h e O g d en G a s C o. w ill le t a o o n t r a c t n e x t w e e k f o r a 2 ,5 0 0 ,0 0 0 fo o t gas h o ld e r o n th e s ite o f Its p re s e n t w o r k s o n th e N o rth Side.
T he o a p a o lty o f th e p re s e n t h o ld e r Is 5 0 0 ,0 0 0 fe e t, a n d th e p r o p o s e d
la rg e in cre a s e In h o ld e r c a p a c ity is, o f c o u rse , w ith a v ie w t o th e fu ­
tu re g r o w th o f th e b u sin ess. T h e o o m p a n y ’ s busin ess Is g r o w in g
ste a d ily , a lth o u g h ft is still a s m a ll affair c o m p a r e d w ith th e P e o p le ’s
C om p a n y . T h e re la tio n s b e tw e e n th e t w o co m p a n ie s c o n tin u e o n th e
basis th a t w a s e s ta b lis h e d t w o y e a rs a g o . T h e re is n o p o s it iv e g u a r­
a n ty th a t h os tilitie s w ill n o t h e r e n e w e d , b u t su oh a n e v e n t a p p e a r s
s o a ro e ly lik e ly in th e n e a r fu tu r e , a s e a ch c o m p a n y is d o in g w ell.
T he U n ive rsa l C om p a n y , as sta te d s o m e m o n th s a g o , h a s le t c o n ­
tra cts f o r a 5 ,0 0 0 ,0 0 0 -fo o t h o ld e r to b e c o n s tr u c te d on la n d a d jo in in g
th e O g d en site o n cho N o rth Side. P re lim in a ry w o r k o n th is h o ld e r,
th e la rg e s t in th e c it y , has a lre a d y b e g u n , a n d th e s tr u ctu re w i 11 b e
c o m p le te d th is yea r. T h is, h o w e v e r, d o e s n o t n e ce ss a rily fo r e s h a d o w
h ostilities, i f th e O gd en C o m p a n y sh o u ld a tte m p t t o in v a d e th e W est
S id e tr o u b le m ig h t fo llo w . T h ere is n o lik e lih o o d o f its b u ild in g in
th a t d iv isio n th is y e a r . - V . 6 5, p. 1 11 6 ; V . 6 7, p. 1 7 9 ; V . 6 8, p . 3 2 7 .

Ohio Southern RR.—Transferred.—The property was trans­
ferred to Superintendent Chas. F. Franklin, representing
the first mortgage bondholders, on March 7. Mr. Franklin
and the new General Manager, Benjamin Norton, were
formerly with the Long Island R R .—V. 67, p. 1208.
Oregon Pacific Ry.—Corvallis & Eastern RR. — Trust
Company Sued.—Bondholders ^ofj the old Oregon Pacific
road have brought suit in the Supreme Court of this State
against the Farmers’ Loan & Trust Co., as the trustee under
the $15,000,000 mortgage of 1830, to determine whether that
company fulfilled all its obligations under the mortgage or
by failing so to do has rendered itself liable in damages to
the bondholders. All, or nearly all, the $15,000,000 of bonds
were issued, but only 140 miles of track was constructed
and this with the land grant sold at foreclosure sale for only
$100,000, or less than the amount due on receivers’ certifi­
cates. The Corvallis & Eastern is the present owner o f the
property. General Benjamin F. Tracy is said to be one of
the plaintiff’s counsel,— V. 66, p. 573.
Oregon Short Line RR.—85 per cent o f Stock Deposited
for Exchange—Option to Be Withdrawn March 15.—It is an­
nounced that more than 85 per cent of the entire capital
stock has been deposited for exchange under the offer of the
Union Pacific RR. Co., previously published. Notice is
given that after March 15 the privilege of making such ex­
change will he withdrawn.— V. 68, p. 430.

March 11, 1899/1

THE

CHRONICLE.

4i5

Park lirotliersi & Co., Limited, o f P ittsburg.—Incorpor­ n ess, th e b a lk o f th e In terest o n th e e n tire 4 1 ,5 0 0 ,0 0 0 n o w t o b e
issued.
a itio n th e
ns
d b nds w
be
a
ated.—
-Stock Offered.—Baring, M ago tin & Co. offer for sub­ first lie n In thded e x is tin g c o ile o lid a tethe oS evier ill a lsotn tlc sre cu ready sb y g ­
on
m
age o f
an d T
a ilw
, a
scription at par $1,500,000 7 per cent cumulative preferred, g re g a tin g 1 1 0 m ile s o f ro a d , and o n all n e w m ile a g e t o b e c o n s tr u c te d .
stock of the Park Steel Co., which was formed to acquire T h e n e t e a rn in g s o f th e 1 1 0 m iles a lo a e a m o u n te d in 1S98 t o d o u b le
and carry on the well-known Merchant Steel m mufactur- th e in te re s t o n the p re s e n t issu e.— V. 6 8, p . 283.
St. Paul & Duluth—Consolidation —In accordance with
iug business ef Pars Brothers & Co., Limited, of Pittsburg.
The business has been in continuous operation since 1880, the plan for absorbing the subsidiary lines the stockholders
and the present managers will remain in charge for at least on Feb. 20 authorized the purchase of the Grantsburg
three years and hare agreed to retain their common stock in branch from Rash City to Grantsburg, Minn., 17 miles, and
the new company for a like period unless authorized to sell also the two leased lines, the Taylor's Falls & Lake Superior,
by a unanimous vote of the board of directors. The capital from W yoming to Taylor’s Falls. Minn., 30 miles., and the
stock of the Park Steel Co. consists of $1,000,000 preferred Stillwater & St. Paul from W aite Bear, Minn., to Still­
and $1,000,000 common stock. The real estate, plant, etc., water, 12}£ miles.—Y. 61, p. 283.
of the company has been value! by experts at $3,254,303,
Sehoenhofen (P e te r) Brewing Co.—English Income T ar
cash $430,379, merchandise $1,519,621, making a total of to Apply to Earnings o f American Company,—A cablegram
$1,304,303. The company will start with no existing liabili
from London says that the Court of Appeal has upheld the
ties and with a cash working capital of $1,950,000. It is decision of the lower conrt ordering this English company
provided that one third of the net earnings, after paying 7 p. c, to pay income tax on the entire profits of the American com ­
dividends on the preferred stock, shall be invested as a pany and not merely on the portion remitted to England.
reserve dividend fund np to $350,000. A simultaneous issue
Severj Process Co.—Incorporated.—This company on
will be made in London by Baring Brothers & Co., Limited. Wednesday filed articles of incorporation at Trenton, N. J.,
Application will be made to have the preferred stock listed with a capital stock of $7,500,000 to acquire the patent
on the New York Stock Exchange. The company was in­ rights of Melville L. Swery designed to do away with
corporated in New Jersey on March 6. See advertisement on “ make ready" in printing. The company, it is said, will
another page.
also manufacture articles used in printing, engraving, etc.
People's Gas Light k Coke Co. o f Chicago.— .Ve-c Stock
Sioux City O'Neill S W estern—Foreclosure Decree.—The
t
Luted.—The New York Stock K [change has listed $3,679,400
of the company's $1,000,000 o f new capital stock, making United States Circuit Court of Appeals at St. Loui3, on Feb.
21, affirmed the decree of Jndge Caldwell at Omaha, order­
total amonnt listed $28,679,400.—V. 08, p. 327.
ing the foreclosure of a mortgage for $3,340,000 on this road
Peoria Decatur & Evansville By.—Suit to Re open Fore- held by J. Kennedy T o l & Co. of New York a* trustees.—V,
closure Ccue.—Baldwin & Boston, representing New York 63, p. 86.
stockholders, have tiled a bill in the United States Circuit
Sioux City Terminal Co.—Mortgage Valid—Foreclosure.
Court for the Southern District of Illinois asking the Coart
to reopen the foreclosure suit under the second mortgage —The United States Supreme Court oa Feb. 20 pronounced
of the company. The decree under this mortgage was en­ j valid a mortgage for $1,250,000 made to the Trust Company
of North America of Philadelphia as trustee and sustained
tered in March, 1897.—V . 68, p. 188,
I the decision of Judge Shiras ordering foreclosure. The
Pueblo Traction & E lectric Co.—Consolidation.—New ! company owns the terminal lines and the union passenger
Bonds.—This company, it is stated, has been organized with station at Sioux City, Iowa.—V. 61, p, 481.
capital stock o f $100,000 as a consolidation of Pueblo Light
Tacoma Land Co.—Reorganization Plan.—A committee
& Power Co. and Pueblo Electric Street Railway Co. The
new company, it is said, will issue improvement bonds.—V, consisting of Samuel E. Kilner, Chairman, Daniel S. Larnont, Wm. Nelson Cromwell, John U. Brookman and Wm.
67, p. 902.
T. Wright, with Sullivan & Cromwell as counsel, notifies
Rio < ramie Western Hallway.—Proposed Consolidated 4 the bondholders, stockholders and creditors that, in accord­
1
Per Cent Mortgage.—The directors have concluded, subject ance with the reorganization agreement of July 29, 1898, the
to ratification by the stockholders, to authorize a mortgage committee has prepared a plan of reorganization, dated Jan.
securing first consolidated mortgage 4 per cent gold bonds, 31, 1899, which plan has been approved by a majority o f the
running 50 years, with interest psyable April and October. shares deposited. The said p'an is therefore declared effectThe $1,500,000 bonds now to be issued have been sold to |ive and binding upon all the parties to said agreement of
bankers; $300,000 will cover the cost o f 25 miles of July 29, 1898, under which there have been deposited with
branches to be built to coal mines, etc., and $1,000,030 the Atlantic Trust Co, over 94 per cent of the entire capital
provide the funds needed to discharge all car trusts and stock of the company. After March 15 no deposit will be
other indebtedness for equipment to restore to current re­ received except upon such terms a* may bf> imposed by the
sources the amount expended in 1893 in building the last ex­ committee. Copies of the plan may be obtained from the
tension of the Sevier Railway to Belknap, and to provide chairman of the committee, 180 Broadway, New York, and
additional equipment.
at the offi to of the company, 142 South Third Street, Phila­
There will be reserved an amount equal to that o f the delphia.
present first mortgage, to be issue! only to retire the same
The plan provides for the organization o f a new company
at maturity, or sooner. The $3,830,000 branch line bonds to issue $350,000 common and $750,000 7 per cent cumulative
now held in the treasury, and covering 110 miles, will be ex­ preferred stock (shares $100 each), $1,000,000 prior lien twen­
changed for $3,200,030 of the proposed consols to be similarly ty-year 5 per cent gold bonds and $150,000 general lien
held. The mortgage will also provide for the issue o f bonds, twenty-'ear 4 per cent gold bonds, these last bearing no
at the rate of $39,090 per mile, for the baildiog or acquisition interest for first three years. The old company was cap­
o f future brancbee and extensions, or for exchange, at not italized for $1,03 ,850 of stock and $1,000,000 of bonds.—V.
exceeding that rate, for the whole of the underlying lien of 68, p. 381.
other road-, of which the whole or a m ajority o f the stock
Tennessee Gas Co. oT Nashville,—Incorporated,—This
may be acquired by the Rio G rauie Western Railway Co, company has been chartered with an authorized capital of
This provision will enable the company to acquire first $1,000,000, to build and operate a gas plant, in Nashville and
mortgage guaranteed bonds of the Utah Central R R., when
Dtvidson County, Teno. Incorporators; Robt. M, Snyder,
ever they may be acquired advantageously.
Michael M. Sweetman, Wm. L, Dudley, and others.
In addition to the above, the mortgage will authorize for
equipment and other improvements of, or additions to, the K Toronto Hamilton & Buffalo By.—Bonds Offered.—Ed­
property, the issue of $10,0'30,'K)0 consolidated bonds. Of ward Sweet & Co. o f New York and the American Loan &
these, $1,000,000 are to be issued now, as above stated, and the Trust Co. of Boston, offer at par and accrued interest, §3,280,remainder at the rate of not exceeding §500.003 in any fiscal 000 first mortgage 4 per cent gold bonds maturing July 1, 1940.
year, unless the consent to a larger amonnt shall be given in These bonds are a first lien upon 88 miles of railroad extend­
writing by the holders o f two-third* of the ontstandiag ing from Welland to Hamilton, Ontario, and from Hamilton
to Waterford. The road was built under a contract between
stock.
A circular contains the following as to the reasons for the New York Central & Hudson River, the Michigan Cen­
tral, Canada Southern a n ! Canadian Pacific railway com­
making the new mortgage :
panies for the purpose of connecting the Vanderbilt system
T lie a nnu al re p o rt fo r the y e a r otp lln g J u n e 3 0 ,1 8 0 3 , s h o w o fl o b of roids with the Canadian Pacific. Besides serving as such a
lljtstio n a o u tsta n d in g fo r n e w eq u ip m en t a m o u u t liu t o 4 2 2 6 ,7 1 0 , o f
w h ich 8 6 0 / j
OO w ere th e re a fte r liq u id a ted fr o m o a r r e u t r e s o u rc e s.
connection, the road, it is said, derives a large amount of
T h ere has slu oe been ord ered o f a d d lttou a l e q u ip m e n t a b o u t 4 1 0 0 ,0 0 0
local traffic from the country throngh which it passes. Of
in v a lu e s o o n to h e d e liv e re d , an d th e G -n e r a l M a n a ger re c o m m e n d s
the company's stock 51 psr cent is held by the New York
th a t a t le a st as m uch m ore he o rd ered . It Is d e sir a b le th a t so m e ad
d ltio n a ! b ra n ch es a n d ex te n s io n s should h e p r o m p tly c o n s t r u c te d .
Central and 19 per cent by the Canadian Pacific Railway.
T li■ im m e d ia te ly im p o r ta n t a re a b ra n ch up th e P r o v o R iv e r C an on ,
>*s*
The four companies first mentioned practically guarantee
an d e x te n s io n * o f th e P lea sa n t V a ley B ranch to a d d itio n a l co a l
the interest upon the bonds, for they agree to set aside, if
m in es w h ic h a re belntf op e n e d In that field t o s u p p ly the xrow lutt P ar
W estern m arket— a tota l o f 25 m iles. T h e ro a d o o o u p le s a n e w t e r r i­ necessary, up to 25 per cent o f their entire gross earnings,
t o r y u n u su a lly rteh In m in eral a n d o th e r resou rces, n e w d is c o v e r ie s o r
upon the traffic delivered to and received from the Toronto
d e v e lo p m e n ts o f w h ic h a re c o n sta n tly b ein g m ad e. T h e c a r r ia g e o f
Hamilton & Buffalo Railway, to meet the interest upon the
c o a l an d c o k e a n d o th e r m in era ls, an d o f d v e stock , a lre a d y a g g r e ­
bonds. It appears, however, that this fund is not likely to
ga tes 6 0 p e r ce n t o f o u r tota l ton n a ge. O a r th rou gh tra ffic is also
an. im p o r ta n t fa c to r , and the re c e n t c o n c e n tr a tio n o f th e p u b lio
be drawn upon, for during the five months ending Dec, 31
m in d o n th e p ro s p e cts o f th e P a cific S lop e has a lre a d y ten d ed to in*
the net earnings o f the company were $55,587, while the in­
cre a s e this b u sin ess, th e o u tlo o k f o r w h ich w a s n e v e r m o re p r o m is ­
terest upon the bonds for that period was $54,068. The
ing. T h ere w ill b e fa rth e r and c o n tin u in g d em a n d s fo r r o llin g s to o k
guarantee fund for that period was $75,784. See advertise­
and o th e r e n la rg e m e n t an d Im p rovem en t o f the p r o p e r t y , a n d fo r
a d d itio n s th ereto, to m eet tilts In e v ita b le g r o w t h ; and o p p o r tu n itie s
ment on another page,—V. 63, p. 359.
wUl fro m tim e to tim e p resen t th em selves fo r s e cu rin g th e c o n tr o l o f
Trenton Street Ry,—Lislci i'i Philadelphia.—The Phila­
p rofitab le Interests b rin g in g a d d itio n a l traffic o r Incom e.
T h e eq u ip m en t to b e forth w ith put un d er th e co n so lid a te d m o r t g a g e
delphia Stock Exchange ha* listed the company’s $1,000,000
as a drst Hen w ill. It Is b e lie v e d (In d ep en d en tlv o f the e a rn in g s from
common stock (par value $50, full paid), and $552,000 con­
th e n ew 2 5 m iles), n e t to th e c o m p a n y in th e s a v in g o f c a r m ilea g e
n o w p a id t o o t h e r roa d s and fr o m th e c o m m a n d o f J a d d itio n a l b u s i­ solidated mortgage 5 per cent gold bonds due July 1, 198°

476

THE

CHRONJCLE.

both principal and interest payable in gold coin, free of tax,
in Philadelphia and Trenton; Girard Life Insurance, Annu­
ity & Trust Co, of Philadelphia, trustee.
The authorized issue of the consolidated mortgage 5s is
|2,000,000, of which there has been issued $552,000 for stock
of the companies consolidated in June, 1898; $448,000 is re­
served to be issued at the option of the board of directors,
and $1,000,000 to take up a like amount o f Trenton Passen­
ger Railway first mortgage 6s. There is in addition a $20,000
urchase money mortgage on Spring Lake Park and floating
ebt $60,0C0, consisting of bills payable.—V. 68, p. 284.
Union Bag & Paper Co.—Officers.—The directors are:
w S am uel C upplea (P resid en t), Bt. L ou is; R o d n ey B. Sm ith, B a lt im o r e ;
C harles A . D ea n , B oston ; A lb e r t H . C hatfleld , C in cin n a ti; L u ciu s G .
F ish er, C h ioago; L u oiu s V. W a lk le y , P la n tsv ille , C onn.; D ou g la ss W .
M ab ee, B a llston Spa. N. Y ,; N a th an iel C. P ie rce , St. L ouis; F r a n k
W ash b u rn , C h ica go; W illia m H. V an N ortw iek , B a ta v ia , 111.; D . S.
W a lto n , E a st O ran ge. N . J .; J o h n H . D e r b y , Sandv H ill, N. Y .; G e o .
R. S heldon, N . Y . ; W illia m H . M oore a n d J . H . M oore, C h ioa g o.— V .
6 8 , p . 430 .

Union Pacific RR.—Dividend—The directors yesterday
declared a dividend of 1% per cent per share on the preferred
stock, payable April 19, 1899. This is the same amount as
paid last October. The dividend was based upon the follow ­
ing recommendation of the executive committee:
W hereas, T h e surplus in oom o fo r the p eriod o f s ix m o n th s e n d in g
D eo. 3 1, l s 9 S . ju stifies a d istrib u tion t o sh a reh old ers; and ,
W hereas, T h e p resen t co m p a n y has b e e n in p ossession o f a ll o f Its
m ain lin e s o f ra ilw a y fo r a p eriod o f b a re ly o n e y e a r a n d o f s e v e ra l
o f its b ra n ch p ro p e rtie s ,fo r a m u ch m ore lim ite d tim e, a n d is, t h e r e ­
fo re , w ith ou t a basis in e x p e r ie n c e fo r d ete rm in in g a n y fa ir a v e ra g e
o f resu lts in u n equ al yea rs; and
W hereas, it is n ot b y this co m m itte e d eem ed a d v isa b le to m ak e a n y
p re se n t a d d ition to th e o u tsta n d in g b o n d e d d e b t b y th e u se o r s a le o f
re se rv e d b on d s, o r t o o re a ie oth er o b lig a tio n s , h u t in th e ju d g m e n t o f
this o o m m ittee th e co m p a n y should , fo r th e p re s e n t, co n tin u e th e
p o lic y o f lib era l a p p lica tio n o f its surp lus In com e t o p erm a n en t im ­
p ro v e m e n ts and a d d ition s t o Its p r o p e r ty an d g e n e ra lly to su ch uses
as w ill seoure e c o n o m y o f o p e ra tio n an d in crea s ed ea rn in g c a p a c ity
an d th ereb y establish sta b le an d p erm a n en t values f o r its secu ritie s
and a re a s on a b ly s a fe m in im u m b asis o f reg u la r d iv id e n d s t o its s to c k ;
and
*
R esolved, T hat th is com m ittee h e r e b y re co m m e n d s to th e b o a r d o f
d lreotors th e d e cla ra tio n o f a d iv id e n d a t th e rate o f $ 1 5 0 p e r sh a re
o n th e p re fe rre d stock , t o b e p a id fr o m th e su rp lu s in c o m e f o r the
p e rio d o f s ix m on th s e n d in g D eo. 3 1 ,1 8 9 8 .

[ V ol. LXVIIL

of 17,067 shares. Judge Gottfried Krueger, holder of 5,774
shares, is opposed|to the proposed merger.—V. 68, p. 181.
"United Railways & E lectric Co. o f Baltimore.—Organ­
ized.—This company filed articles o f incorporation at A n ­
napolis on Saturday last and on the same day the last for­
malities were concluded transferring to it the various prop­
erties. Special meetings of the Consolidated Railway Co.
and the City Passenger Railway Co. were held for this pur­
pose. On the preceding day [March 3] the stockholders o f
the City Passenger Railway Co. and the Baltimore & North­
ern Electric Railway Co. had adopted resolutions to consol­
idate their two companies. The officers of the new com ­
pany are:
P re sid e n t, N e lso n P erin; V ice -P re sid e n t, O ol. W a lt e r 8. F ra n k lin ;
G en era l M a n a ger, W illia m A H ouse; T re a s u re r, B rig g s O. K e ck ; S e c ­
re ta ry , H . C. M cJ ilto n ; D ire c to r s, A le x a n d e r B ro w n , E . L B a r tle tt,
N e lso n P erin , H e n r y A . P arr, C ol. W a lte r 8. F ra n k lin , G e o r g e R .
W e b b , G e o r g e C. J en k in s, W . P. H a r v e y a n d S e y m o u r M a n d e lb a u m .

New Mortgage,—The directors on Monday authorized the
execution of a mortgage in favor of the Continental Trust
Co. as trustee to secure the proposed issue of $38,000,000 of
4 per cent bonds, described below.
Bonds Offered.—Description o f Loan.—Brown Brothers &
Co., New York, Philadelphia and Boston; Alexander Brown
& Sons, Baltimore, Md., and the Mercantile Trust & Deposit
Co., Baltimore, Md., are offering for sale $18,000,000 of the
company’s bonds at 102% and accrued interest. The bonds
are first consolidated mortgage 4 per cent 50-year gold
bonds, dated March 6th, 1899, interest payable semi­
annually, Sept. 1st and March 1st. at the banking house
of Alexander Brown & Sons, Baltimore.
They are
bords, $1,000 each, c*, payable principal and interest in
United States gold coin of, or equal to, the present standard
of weight and fineness, without deduction for any tax or
taxes which the company may be required to pay or retain
therefrom. They are secured by mortgage covering all the
real estate, franchises and property of every kind now or
hereafter owned by the company. They are not subject to
call.
The capitalization of the company is as follows: 4 per cent
cumulative preferred stock, $14,000,000; common stock, $24,000,000; first consolidated mortgage gold bonds, $38,000,000.
The bonds are to be disposed of as follow s:

The Chairman of the Executive Committee states that
there has been expended on the Union Pacific Railroad dur­
ing the year 1898 and will be expended daring the year 1899 T o b e se t a sid e t o p ro v id e f o r th e r e tire m e n t, a t o r b e fo r e
m a tu rity , o f a ll u n d e r ly in g d iv is io n a l b o n d s, d e b e n tu re s
amounts aggregating nearly $9,000,000, equal, approxi­
o e rtid o
ess,
...................................$
mately, to 12 per cent on the outstanding preferred stock. T oan d se t a sidaete s o fr In d eb tednb e ttea b oea tts, im p r o v e m e n ts, 1 5 ,3 6 6 ,0 0 0
be
to p o v id e f o r
rm n
The major part of this amount, he says, was for purposes
e x te n s io n s an d e x p e n s e s o f c o n s o lid a tio n , a b o u t ..............
4 ,6 3 4 ,0 0 0
other than those ordinarily charged to operating expenses, T o b e s o ld a t o n c e t o p r o v id e p a r t o f tb e ca sk re q u ire d fo r
p a y m e n t f o r p ro p e rtie s, a b o u t .................................................... 1 8 ,0 0 0 ,0 0 0
being such as new rolling stock, reduction of grades, re­
Road and Earnings.—The company owns all the lines for­
location to shorten line, reduction of curvatures, improve­
ment of terminals, new depot at Omaha, additional side merly operated by the Baltimore Consolidated Ry. Co., 207
tracks, new ballast and new and heavier steel rails. These miles; the Baltimore City Passenger Ry. Co., 56% miles; the
expenditures, it is expected, will increase the net income Central Ry. Co., 36% miles; the Baltimore & Northern Elec­
of the company in the future, thereby placing its securities tric Ry. Co., 38% miles, and all the bonds o f the Baltimore
in a stronger position for permanent and regular returns.— Middle River & Sparrow’s Point Railroad, 14% miles, being
Lands.—On Monday at Omaha all the lands of the Union Pa­ all the passenger railways in the city of Baltimore and its
cific RR. Co. in Nebraska covered by the sinking fund mort­ vicinity. The earnings of the aforesaid properties, operated
gage of 1S73 were sold at auction and bought in by the new separately, for the year ending Dec. 31, 1898, were:
Union Pacific Co. for $868,514. The same company pur­ G ro ss e a r n in g s ......................................................
$ 4 ,0 6 2 ,3 5 8
chased also for $900,000 the contracts of sale in force on other O p e ra tin g e x p e n s e s , in c lu d in g t a x e s on re a l e s ta te , g ro ss
r e c e ip ts a n d lic e n s e s .......................................................................... 2 ,3 0 4 ,8 2 6
lands in Nebraska, Colorado, Utah and Wyoming, and on
which payments are yet due from the purchasers. Prior to
N e t e a rn in g s .......................................................................................$ 1 ,7 5 7 ,5 3 1
the sale a protest was filed by B. G. Burbank of Omaha City T h e t o t a l fix e d ch a rg e s o f th e U n ite d R a ilw a y s & E le c tr ic
C o., in c lu d in g in t . o n a ll u n d e rly in g b on d s, w ill b e a b o u t. 1 ,5 0 0 ,0 0 0
who alleged that he represents parties who desire to home­
stead said land, which they claim the comnany forfeited
S h o w in g a n a ctu a l n e t s u rp lu s o n th e b a s is o f la s t
its right to, by not selling within three years after the com­
y e a r’ s e a rn in g s o f a b o u t ........................................................... $ 2 5 7 ,5 3 2
pletion of the road.—V. 68, p. 430.
“ A prominent railway expert, after careful examination,
estimates that when consolidated under one management
United E lectric Co. o f New Jersey—People’s Light & and the proposed changes and improvements are completed,
Power Co. o f Newark.—North Hudson Light, Heat & the gross receipts for the first year should be $4,500,000;
Power Co. o f Hoboken—Suburban E lectric Co. o f Eliza­ operating expenses, $1,892,000; net earnings, $2,608,000;
beth.— Pending Merger.—The United Electric of New Jersey which would be sufficient to pay all fixed charges, 4 per cent
Co., organized in the interest of the United Gas Improve­ dividends on the total issue o f preferred stock, and leave a
ment Co. of Philadelphia, filed articles of incorporation at surplus of about $548,000 applicable to dividends on the
Trenton on March 6. Its purpose is to unite the electric light,
heat and power companies of Northern New Jersey. The common stock.” See advertisement on another page.—V ,
68, p. 333.
capital stock of the new company is fixed at $20,000,100, and
a mortgage for $20,000,000 is to be made to the New Jersey
United Shoe Machinery Co.—Capital Stock.—The com­
Title Guarantee & Trust Co. of Jersey City, and perhaps pany’s capital stock is divided as follows: Authorized com­
also the Fidelity Trust Company of Newark, as trustees, to mon, $12,509,000; preferred 6 per cent, $12,500,000: im m e­
secure an issue of 50-year 4 per cent gold bonds. These diate issue to be, common, about $8,625,000; preferred,
bonds will have their interest guaranteed for the first five about $8,625,000. Listed to March 9 on Boston Stock Ex­
years by the United Gas Improvement Co.
change, common, $345,000; preferred, $345,000.—Y. 68, p. 430.
With a portion of the new securities the company proposes
United States Dyeivood & E xtract Co.—Incorporation.—
to acquire the People’s Light & Power Co. of Newark, the
North Hudson Light, Heat & Power Co. and the Suburban The certificate of incorporation of this company was filed
Electric Co. of Elizabeth. The People’s company has out­ Tuesday in the office of the County Clerk at Camden, N. J.,
standing $5,000,000 of stock and is to issue at par for cash to for transmission to Trenton. The company is intended to
stockholders an additional $500,000. The total authorized effect a consolidation of the leading concerns engaged in
issue was recently raised to $20,000,000, and the par value of the manufacture of logwood and dyewood extracts. Its
shares was to be reduced from $25 to $10. For the $5,500,000 capital stock is $10,000,000, of which $6,000,000 is 6 per cent
issued the United Electric Co., on payment by the hoiders of cumulative preferred and $4,000,000 common stock. The
$200 in cash per $1,000 of stock, will give $1,750 in new 4 per right is reserved to issue also a third class of stock, to be
cent bonds. This exchange, if the entire issue is acquired, known as deferred debenture stock, which will be subor
will take $9,625,000 of the new 4s. An additional $7,875,000, dinate to the preferred and common stock, both as to divi­
it is said, will be used to acquire the Elizabeth and Ho­ dends and principal. The incorporators are James B. Dill, o f
boken companies, which have outstanding capital stock oE this city, counsel of the company; Henry T. Wills, o f Bos­
$1,000,000 and $2,000,000 respectively, and to retire their ton, Mass., and Frederick W. Garvin, of Toronto, Canada.
bonded debt for a like amount. The stock of the People’s The consolidation has not yet been effected, and may never
Company is paying dividends at the rate of 5 per cent per an­ be brought about.
num. The United Gas Improvement Co. is already the owner
£ & ~F or o t h e r in v e s t m e n t n e w s s e e p a g e

THE

M arch 11, 1899. J

R

e p

o r t s

a n

PENNSYLVANIA

d

D

o c u

RAILROAD

m

e n

T77

CHRONICLE.

t s .

COMPANY.

equipment of the Main Line 1,000 steel gondolas, 2,000 bos
cars and 1,940 long gondolas.
The total number of cars provided under the Car-trust
system is 62,943.
Total amount o f certificates Issued therefor.................... .f33.644.000 00
A m ount redeem ed.................................................................... 28,787,000 00
Balance o f certificates outstanding Deo. 3 1 ,1 8 9 8 .......... $4,857,000 00

FIFTY-SECOND ANNUAL REPORT, FOR THE YEAR
ENDING DEC. 31, 1898.

The number o f tons o f freight moved on the three grand
divisions east of Pittsburg and Erie in 1898 was 84,801,805,
an increase of 5,239,340, or 8-39 per c e n t; the number o f
passengers was 33,962,566, an increase o f 965,042, or 2-76 per
cent.
P ennsylvania R ailro ad Co m pa n y , 1
The other Railroad Companies east o f Pittsburg and Erie
G eneral Office ,
[in which your Company is interested show satisfactory
P h ila d e lph ia . March 7th, 1899. )
results. Detailed statements of their operations will be
The Board of Directors submit herewith to the Stock­ found in their respective annual reports, as well as in the
holders of the Pennsylvania Railroad Company a synopsis of pamphlet report of your Company.
LINES W EST OF P ITTSB U R G .
their Annual Report for the year 1898:
The following statement gives the results o f the operation
The gross earnings o f the three grand divisions east of
Pittsburg and Erie, em bracing the Main Line, U nhed
of the lines west of Pittsburg by the Pennsylvania Com­
Railroads o f New Jersey, and Philadelphia A Erie
pany and the Pittsburg Cincinnati Chicago & St. Louis
Railroad, and Branches thereof, w e r e .. . . . . . ....... ...$ 6 5 ,6 0 3 ,7 3 7 05
E xpenses................................................................................... 44,510,015 85 kailway Company :
Net earnings....................................................................... $21,093,722 10
To which a d d :
Interest from investm ents..........................$4,861,687 36
R en tal,ol equipm ent, and other item s----604,956 57
5,466,643 93
Gross Incom e.................................... .
.....................$26,560,366 03
Deduct :
Rentals, leased and operated r o a d s .— $10,315,771 00
Interest on funded d e b t . . . . . . . . . . ..........
4,463,458 74
Interest on m ortgages and ground rent*.
car trusts, taxes, * o ................................
1,752.407 39
---------------------- 16.331,638 03
$10,228,729 00

Net Income

Net results.................................................................................. $7,544,266 5 0
From this d e d u c t :
Rental, interest, and liabilities o f all kinds chargeable
thereto......................................................................................
6,878,605 72
Net profit on Pennsylvania C om pany's lin e s...................

$665,660 78

Earning* o f the P ittsburg C incinnati Chlongo A St.
Louis Railw ay Company on lines operated d irectly by
lt w ere............... ................................................................. ..$ 18,942,651 13
Expanses........ ... ........................................................................ 13.604,760 99
Net result*. ......................................................................... .
$5,337,890 14
From this d edu ct:
Rental. Interest, and liabilities o f all kinds chargeable
thereto............................ ....................................................... 4,117.842 85

From this am ount the follow in g deductions have been
m ade:
Paym ents account Slaking and Trust
Funds...........................................................
$446,780 90
E xtraordinary renewals, ,fce......................
673,857 91
^
----------------------

1,120,638 81

Dividend o f 5 p e r c e n t ............................................... ...... . . .

$9,108,089 19
6,465,236 25

Deduct am ount transferred to Extraordinary E xpen di­
ture Fund to com plete work already authorised In
revising grade*. &e............................. .......... . ....................

Earnlbg3 o f the P ennsylvania Com pany on lines o p ­
erated by it w e r e ....... I......................................................... $21,089,608 64
E.xp e n e s ..................................................................................... 13,545,342 14

Net Profit on Pittsburg Cincinnati Chicago & St. Louis
Railway Com pany's lines................................................. .

1.220,047 29

Net profit on Uses west o f P ittsbu rg................. ................ $1,885,708 07

$2,642,852 94

Am ount transferred to credit o f profit and loss fo r the
year 1 8 9 8 .................................................. ...........................
$842,452 94
A dd amount to oredlt o f profit and loss Dee, 31, 1897,. 22,823,956 98

The other lines west of Pittsburg, on account of which
your Company has assumed direct obligations, or in which
it is largely interested through ownership of securities, but
which are operated through their own organizations, show
the following results:

$23,666,80 > 94

The aggregate gross earning* o f these road* w e r e ....... $6,925,645 81
Expense*................................................................................... 5,108,054 28

R edaction in valuation o f securities, and amounts
charged off In adjustm ent o f old a c c o u n ts ...................

1,800,000 00

1,220.313 3 0

Balance to c re d ito r profit and loss Dec. 3 1 ,1 9 9 8 . ,.$ 22,4 45,9 96 63
SINKING FUNDS.

Under the provisions o f the consolidated mortgage o f the
Company, the annual amount set apart out of t he net income
far the redemption of the outstanding bonds secured by that
mortgage was increased during the year to $354,780, the
sinking fund for the bonds issued May 1st, 1893, having
become effective on the 1st of May, 189$, Under its pro
visions 130,000 of these securities were purchased and
canceled, and the funded debt was reduced by this amount.
Thereare now $3,861,084 10 in securities and cash in the fund
for the redemption of these bonds.
Under the provisions o f the four per cent Equipment
Trust Gold Loan, there was paid to the trustee during 1898,
for the sinking fund, the sum o f $136,401. The trustee was
unable to obtain any of the bonds at the price fixed in the
lease, and, in accordance with the terms thereof, the whole
amount has been invested in additional equipment.
SECURITIES OF O TH E R CORPORATIONS,

The entire cost o f the securities of other corporations, now
held by your Company, is $117,233,885 79. The direct rev­
enue received therefrom was $4,636,036 71. which amounted
to nearly four per cent upon the cost thereof, and more than
provided for the interest on your funded debt.
C A R TRUSTS.

The outstanding certificates of Series “ I ” o f the Penn­
sylvania Car Trust and Series “ F " and “ G " o f the Penn­
sylvania Equipment Trust having matured during the year,
were paid and canceled. These series cover 2,000 hopper
gondolas, 430 box, and 50 refrigerator cars in service on the
Pennsylvania Railroad ; 1,000 gondolas subleased to the
Pensylvania Company, 500 subleased to the Northern Central
Railway Company and 500 subleased to the Philadelphia
Wilmington & Baltimore Railroad Company; 500 hopper
gondolas subleased to the Pennsylvania & Northwestern
Railroad Company: and 152 box cars subleased to the New
York Philadelphia & Norfolk Railroad Company, represent­
ing in all 5.152 cars and a total cost o f $2,550,000". These caw
have therefore now become the property of the respective
lines which contributed to the cost thereof.
A further issue was made of these securities, consisting of
Series “ E,” “ F " and **G'' of the Pennsylvania Rolling
Stock Trust, aggregating $3.000,fOO, and bearing interest at
per cent per annum. There will thus be added to the

Net earning* ....................... ............................................... . $1,817,591 53
Deduct rental. Interest. 4 o ...............................................I. 1,836,578 85
L o s s .............................................................................................

$18,987 32

Of this loss, yon r Com pany, under existin g contracts, is
responsible f o r .......................................... ....................... .
W hich, deducted from the profit shown In the above
statem ent..............................................................................

1,885,70807

$4,963 92

Leave* a net profit on a lllln e s west o f P ittsbu rg.......... $1,880,74-1 15

These lines, while showing a material gain in gross earn­
ings, show a greater increase in expenses, due to the outlay
necessarily made to put them in condition to move the
traffic promptly ami economically at the prevailing low rates.
It will be noted that after meeting all charges and liabili­
ties o f every kind there was a net profit on your lines west
of Pittsburg o f $1,880,744 15.
FUNDED DEBT.

The $2,600,000 o f the Second Mortgage Bonds o f the St.
Louis Vandalia & Terre Haute Railroad Company which
matured May 1st last were purchased by the Pennsylvania
Company, and will he held until the relations o f the lines
embraced in the Vandalia System are further adjusted.
The Terre Haute & Logansport Railroad, one o f the lines of
that system, having been sold under the mortgage securing
$1,000,000 o f its six per cent extension bonds, was purchased
in your interest on the eighteenth day o f November, and
has heen reorganized under the name o f the Terre Haute &
Logansport Railway Company. The litigation in connection
with these properties still continues, and they remain in the
hands of Mr. v . T. Malott as Receiver.
The seven per cent Consolidated Mortgage bonds of the
Erie & Pittsburg Railroad Company, amounting to $2,109,000,
were paid at maturity, July 1st, 1898, through the negotia­
tion of three and one half per cent bonds issued under its
General Mortgage and reserved for that purpose. The only
prior lien securities now outstanding are an inconsiderable
amount of Equipment Bonds which fall due October 1st, 1900,
Under the terms o f the General Mortgage of the Cleveland
& Pittsburg Railroad Company, a new series of $3,000,000
was authorized by that company, bearing interest at three
and one-half per cent, running for fifty years from Novem­
ber 1st, 1898, and designated Series C, to be used in payment
for betterments to its road and in the redemption of prior
lien bonds.
The Cincinnati & Muskingum Valley Railway Company
having been sold under forclosure proceedings June 20th,
1898, was purchased in your interest and has been reor­

THE

478

CHRONICLE.

ganized as the Cincinnati & Muskingum Valley Railroad
Company.
Under this reorganization the interest on its
funded debt of $1,500,000 has been reduced from seven to
four per cent, and the operating results of the property are
now quite satisfactory.
The number of tons of freight moved on the lines west of
Pittsburg was 59,478,775, an increase of 7,678,710. The num­
ber of passengers was 16,370,011, an increase of 837,286.
The gross earnings o f all lines east and west of Pittsburg
for the year were $132,869,470 02, operating expenses,
$92,909,329 26, and net earnings, $39,960,140 76, an increase
in gross earnings, compared with 1897, of $4,591,3-i3 16, and
a decrease in net earnings of $676,914 19. There were 173,791,239 tons of freight moved, being an increase of 14,275,289
tons, and 71,202,695 passengers carried, an increase of
2,853,998.
G E N ERAL REMARKS.

There has been paid by the Company to the Trust created
October 9th, 1878, the sum of $4,749,866 97 to December 31st,
1898 ; the total income therefrom has been $7,009,182 30, and
on that date securities amounting at par to $9,276,550 were
held in the trust. There was appropriated to the Trust for
the year 1898 the sum of $92,000 90, and the interest received
on securities held in the Trust during the year averaged
nearly 5 3-16 per cent on their cost.
In pursuance of the recommendation contained in the last
annual report, due notice has been given to the shareholders
that a vote will be taken at the annual election on the reso­
lution approved by the Board of Directors December 14th,
1898, enlarging the scope of the Trust, so as to authorize the
investment of its funds not only in the purchase of securities
guaranteed by your Company, but also of the securities of
the Pennsylvania Company, or of securities guaranteed by
it, whether such guaranties have been or shall be made, or
such securities issued before or since the creation of the
Trust. As already explained, this modification is essential
to its continued efficiency, by reason o f the increasing diffi­
culty in purchasing securities issued prior to the establish­
ment thereof
The assets of the Insurance Fund at the end of the year
were $4,069,835 in, being an increase, as compared with
1897, of $188,471 54.
The membership of the Employes’ Relief Fund of the
lines east of Pittsburg and Erie continues to increase, and
aggregated 45,141 at the close o f the year, being the largest
since its establishment, and an increase o f over 1,400 mem­
bers as compared with the previous year. During the year
the members contributed $766,231 77, while vour Company
and its affiliated lines, in addition to the payment of $108,869 53 for operating expenses, contributed $50,129 50 for
extra benefits to members whose disability had continued
for over 52 weeks, and who were, therefore, no longer
entitled to legular benefits from the Fund. The total re­
ceipts of the Fund, including interest and other items, were
$938,714 02, which, with $253,267 98, the balance on hand at
the beginning of the year, made an aggregate of $1,191,982,
out of which $274,070 46 were distributed as death benefits
(being an average in each case o f about $551), and $370,940 87 in cases of disability arising from sickness and acci­
dent. After meeting its obligations for the year, and pro­
viding for unadjusted claims of previous years, a balance of
$324,236 55 remained to the credit o f the Fund, out of which
must be paid unadjusted claims for benefits growing out of
sickness or accident during the year 1898. In addition to
this balance there is a surplus which has accumulated dur
ing the life of the Fund, amounting to $635,970 29
The number of depositors in the Employes’ Saving Fund
at the end of the year was 5,84!, an increase of 578. The
amount receiyed from depositors during 1898 was $609,838,
and the balance in the Fund at the close of the year was
$2.303,828 15. Of this amount $2,250,000 has been invested
in securities bearing interest at an average rate of about
four per cent.
It will be noted that there has been a further reduction
in freight rates, the average rate received per ton per
mile being but 4‘99 mills. The tonnage movement, how­
ever, shows a material gain as compared with the preceding
year, so that the gross earnings from that branch of your
traffic are quite as large as in 1897, while through the use of
heavier power and cars of greater capacity, and the im­
provements in your track and facilities consequent upon
the extraordinary expenditures heretofore made in the re­
vision of grades and alignment and improvement of the
equipment, the cost of movement has been reduced to 3-55
mills,per ton per mile. The net earnings have therefore
been more than sufficient to pay your regular dividend of
five per cent, and justify an appropriation to the Extraordi­
nary Expenditure Fund of the sum of $1,800,000, to be used
as hereafter more fully explained.
The charges to capital account during the year amounted
to 81,181,961 79, as follows: Real Estate, $197,880 30; Car
Trust equipment, $200,0(0; Additional Tracks, $784,081 43.
The latter item represents the cost of an improvement
which has largely added to the capacity of your line for the
prompt and economical movement o f traffic. The double
track operated over the Allegheny Mountain and through
tne uallitzin Tunnel had become inadequate to the demands
of your constantly increasing traffic, and it was necessary
to add materially to your facilities on that portion of the
™a<J' For that purpose the Portage Tunnel was rebuilt and
the Portage Road double-tracked between Cresson and

on. LXVII1.

Bennington on your Main Line, a distance o f about five
miles. Four tracks were also completed between Altoona
and Kittanning Point, so that with the exception of a
section about four miles in length between Kittanning
Point and Allegrippus, where three tracks are in operation,
there is a complete four-track system from Altoona, at the
foot of the eastern slope, to Lilly, on the western slope of
the mountain, a distance of about seventeen miles. Separate
double tracks being thus provided for east and west-bound
traffic, not only is additional safety insured, but an alternate
route provided in case of accident occuring on the most ex­
posed portion o f your line.
Through the special appropriation o f $1,800,000 made out
of the earnings of 1897, a large portion of the work of revis­
ing the grades and alignment of the Main Line that had
been commenced in 1895, and temporarily suspended by
reason of the business depression existing in the following
year, has been substantially completed. This is notably the
case on the western slope of the Allegheny Mountain be­
tween Lilly and Portage, where a saving in distance of
about one mile has been effected, and sharp curvature elim­
inated, without increasing the maximum gradient on the
Pittsburg Division. This work completes the reconstruc­
tion of the Main Line between Lilly and W ilmore, and by
furnishing a three-track system between those points largely
augments the usefulness of the improvement already re­
ferred to between Altoona and Lilly. The line between
Conemaugh Furnace and Nineveh was further improved,
and the track laid at Radebaugh. thus completing the new
tunnel and line at that important junction. The new line
between Kinzers and Gordonville, on the Philadelphia Di­
vision. was entirely completed, thus reducing the curvature
on that section of the road. A large expenditure was also
made in the equipment o f freight cars with air brakes and
automatic couplers, as required by the Inter-State Commerce
legislation, and in otherwise improving your motive power
and rolling and floating equipment.
F .rther revisions of alignment were made, pneumatic
automatic block signals erected between Latimer and the
junction with the South-West Pennsylvania Railway, and
other extraordinary expenditures authorized, requiring, in
addition to the fund set aside in 1897, an outlay o f $673,857 91, as stated above.
On the United Railroads of New Jersey Division one o f
the main items of extraordinary expenditure was the re­
building and enlargement of the Jersey City Passenger
Station, which had been damaged by fire on the twenty-first
day of March last, and the extension of the train shed to­
wards the river front, with the view of facilitating the
ferry transfer at that point. The pneumatic automatic
block signals were completed between Monmouth and
Holmesburg junctions, additional sidings and yard-tracks
provided at various points, and further outlay made for
real estate and right of way and in the construction o f
bridges to eliminate grade crossings on the Philadelphia &
Trenton Railroad.
It is proposed to apply the $1,800,000 appropriated out of
the income of 1898 toward the following extraordinary ex­
penditures.
On the United Railroads of New Jersey Division the work
on the passenger station at Jersey City will be completed,
the new bulkhead wall at Desbrosses Street Ferry, New
York, will be finished, and a new ferry house provided at
that point. The pneumatic automatic signals will also be
extended from Monmouth Junction to Rahway, thus com ­
pleting that system on the New York Division.
It may be noted here that the sum of $151,000 was ex­
pended during the year on your line between New Y ork and
Pittsburg in supplying this additional and important safe­
guard.
It will be necessary to increase your pier and other
terminal facilities at Harsimus, to provide additional storage
tracks at the Meadows and other points, and to elevate the
tracks and the Kensington Yard on that portion of the
Philadelphia and Trenton Railroad traversing the northern
portion of the city o f Philadelphia. Extensive additions are
also needed to your terminal facilities at Brooklyn and
Williamsburg, and to your floating equipment in New York
Harbor.
On the Main Line the three points where the heaviest out­
lay will be necessary in the revision of alignment are Eliza­
bethtown, on the Philadelphia Division ; Soruce Creek, on
the Middle Division ; and Irwin, on the Pittsburg Division.
The work at Elizabethtown will complete the straightening
and double-tracking of the Harrisburg Portsmouth Mt. Joy
& Lancaster Railroad, which is so important a link in
your passenger line between Philadelphia and Harrisburg.
At Spruce Creek the existing line is practically single track
through the present tunnel, while the proposed improve­
ment, involving as it does the construction o f a second
tunnel, will result in furnishing four tracks for the move­
ment o f traffic. The change at Irwin will eliminate the
heavy curvature at that point, and result in greater safety
and economy in the movement of your trains.
It is desirable that a suitable passenger station should be
provided in the city of Pittsburg The present structure,
which was built in 1877 for temporary service, has now
been in use for over twenty years, and the demands of your
passenger traffic have far outgrown the facilities then pro­
vided. Not only this, but Pittsburg is one of the most
important centres of traffic on your entire system, and the

M arch 11, 1899.]

THE

CHRONICLE.

479

same policy which dictated the erection of handsome and G E X E R A L B A L A X C E SH EET (Condensed), DECEM BER 31ST, 1898
A s sets—
D r.
commodious stations at Jersey City, Philadelphia, Colum­
of
ent................................................$122,371,308
bus, Indianapolis and other points, is equally controlling Cost o f road ami equipm................. ................................... 117,271.385 67
79
Cost
securities ow n ed
with that city. To erect an appropriate building with Securities received w ith lease o f O'. X. J. R R . ,fcc. Co.
3,823,462 25
proper approaches and provide the necessary yard, train
C u r r e n t A ssets—
shed and other facilities for the accommodation of your D ae from controlled com panies fo r ad­
vances fo r construction, e tc..................$4,697,896 43
traffic will eventually require an outlay of about a million
Due
3,966,017
and a half of dollars. In addition thereto the tracks o f the Bills from agents&and superintendents.. 2.429,693 68
receivable m iscellaneous assets.
88
Pittsburg Fort Wayne <£ Chicago Railway will have to be M aterials...............................................
2,220,423 10
elevated to avoid the grade crossings at Penn Avenue and C a sk ................................................................. 34,070.453 09
27,384,489 18
Liberty Street, and those of the Pan Handle east o f the Sinking Fund, Trust F und and Insurance F u n d ...
9,302,026 97
t u n n e l will have to be entirely readjusted. In order that
this work should be properly done it is necessary that the
T ota l....................................................................................$279,612,672 86
city of Pittsburg should co operate therein, and negotia­
L ia b ilities—
Or.
$129 305,000 00
tions to that end are now progressing with its municipal Capital stock ....................................................................
Funded debt (Including m ortgages and ground ren ts). 87,903,910 72
authorities.
Guaranteed stook and bonds o f the H arrisburg Ports­
There were practically no charges to construction on ! mouth Mt. Joy d; Lancaster R R C o.................) ...........
1,882,550 00
3,2 -3 ,4 6 2 25
branch and auxiliary lines during the year. The extraor- i Securities received w ith lease o f U. X . J. R R . .V C. Co.
E xpenditure F und— ..........................
1,800,000 00
dinarv expenditure thereon was mainly in the construction E xtraordinaryb ilitie s —
C u rre n t L ia
o f the second track between the east end o f the Delaware Pay rolls, vouchers and traffic balances $6,255,969 25
River Bridge and the connection with the West Jersey and j Due controlled com panies other than
traffic balan ces................................................. 10,922,191 03
Seashore Railroad at Haddonfield, the construction o f the
accrued, m atured and
Beaver Branch of the South Fork Railroad, the purchase of Interest and dividends u n c o lle c te un col­ 1,708,992 18
lected
d ........
additional right o f way and real estate on the Pittsburg |Dne Saving Fund, R e lie f Fund and In ­
surance Fund..................
515,197 05
Virginia & Charleston Railway, and the extension o f its
double track between Alienport and Lucyvilte, and the M iscellaneous liabilities................................... 1,478,780 88 20 881 130 39*
________ ______
change of line near Retreat Station on the North and West Sinking Funds and Trust Fund........................................... 12,110,622 8 8
22,445,996 62
Branch Railway. These outlays were met out o f the income JPro tit and l o s s .............................
o f the several companies.
T ota l....................................................................................$279,612,672 86
The ferry facilities on the Delaware River have been
greatly improved by the reconstruction of the slips and
Stockholders may obtain copies of the report in pam phlet form on
station at Market Street Wharf. The passenger travel over application in person o r by letter to the Secretary, R oom 471, Broad
Street Station, Philadelphia.)
your seashore lines to Atlantic Ci y, Cape May, and adjacent
points lias been materially benefited thereby, while the
double tracking of the West Jersey and Seashore Railroad
United Traction Co. o f Pittsbnrg —Philadelphia Com­
between Camden and Atlantic City, and the elimination of pany.— E-e-Hunge o f Stock. -B row n Brother} & Cjtnpaay,
the grade crossing of the New Jersey Southern Railroad at New York, and Alexander Brown & Sons, Baltimore, an­
Winslow Junction, put that line, in the early spring, into nounce by circular that the Philadelphia Company of
excellent condition to move not only the travel from Cam­ Pittsburg’ offers to exchange $6,375,000 of its common
den, but also the increasing traffic over the all-rail route via capital stook for #17,000,000 of the common stock of the
the Delaware River Bridge,
United Traction Co., upon the payment of #1 per share
In the Annual Report for 1895 reference was made to the on the latter, provided at least a majority of the suue is pre­
formation o f the Joint Traffic Association. The belief was sented for exchange prior to Jan. 1, 1900. Under this prop­
then expressed that “ through its instrumentality not only osition the holder of each lot of two and two-third shares of
would substantial economies be enforced in the admin­ the United Traction Co. upon payment of i'i
will be
istration o f the service, but stability and uniformity of rates entitled to one share of the common stock of the Pouadelphia
secured to the public, and the violent fluctuations in rates Co. Holders desiring to make this exchange will deposit
prevented, which tend alike to disturbance o f values and to their common stock with one of the firms named after
unjust discrimination." The belief was also expressed that March 27th and before April 15th next, together with one
the Association would be a “ potent agency in enabling the dollar per share.—V, 66, p. 381, 430.
Inter-State Commerce Commission to enforce the provisions
Virginia Iron Coal S Coke Co.—V irginia & Southwestern
c
and secure the results sought to be accomplished by the j»assage" o f the A ct to regulate that branch o f commerce. Al­ R j.—South Atlantic & Ohio Ry.— Bristol Elizabc.thton &
most immediately after its formation the legality of the North Carolina HR.—Probnecttn.—The Virginia & South­
Association was attacked in the courts, and during the last western Ry, Co., whose stock and bonds are all owned by the
year the Supreme Court o f the United States held it to b ■in Virginia Iron Coal & Ooke Co., has been formally organized
violation of the Anti-Trust A ct, whereupon the agreement and has taken title to the following properties: Bristol
under which it was formed was oancelerl and the Associa­ Elizabetbton & North Carolina RR., Bristol to Eiizabethton,
tion dissolved. The railways are therefore not now per­ Tena., 22 miles: Sooth Atlantic & Ohio Rv., Bristol, Tenn.,
mitted to make agreements for the establishment and main­ to Big Stone Gap, Va., 70 miles. Tne Virginia * South­
tenance of reasonable rates on traffic. As the railways of western has an authorized capital o f $3,000,000, and, it is said,
the United States employ oyer eight hundred thousand men. will issue to the Virginia Iron Coal Sc Coke Co, $1,000,000 of
and dish arse annually in payment of wages and purchase o f first mortgage 5 per cent gold bonds, dne March 1, 1949. Its
supplies nearly eight hundred millions of dollars (more than directors are the same as those o f the Cjnl & Coke Company;
one-tenth of which employment and disbursement is appur­ viz.: E, R. Chapman, M. D. Chapman an l C. H. Elcks of
tenant to the operation of your system), it is to be hoped I New York. B L. Dulaney of Bristol, Tenn., and George L.
that such legislation may l»e promptly enacted as will en­ i Carter of Pniaski, Va.
Setc Mortgage.—The new mortgage is for $10,000,000, and
able those entrusted with the management of these proper­
ties to maintain them in the highest state o f efficiency for ! is made to the Manhattan Trust Co., as trustee, to secure 5
the safety and accommodation o f the public, and to protect per cent fifty-year gold bonds, bearing interest from M *nh
the interests o f their owners as well as o f the array o f em ­ 1,1899. It covers “ nine iron blast faraaces, a horseshoe
ployes upon whose experience and judgment the safety of and rolling mill, coking, coal and steam coal on boundaries
travel and the prompt movement o f traffic so maierialiy of over 50,000 acres o f land, the limonite and brown hema­
tite, or mountain and other iron ores on boundaries of over
depend.
Mr. D. S. Newhaii having been appointed Purchasing 65,n o acres of land;” also fixtures, leases, etc., etc. The
Agent June 1st. 1898, in place o f Mr. A. W. Sumner, first issue of $7,501,000 bonds has all been subscribe!;
deceased, Mr. John C. Sims was appointed Superintendent of tin* $2,000,000 was to be used on ly *to retire bonds
of the Employes Saving Fund, and Mr. Lewis Neilson of the Carter Coal & Iron Co. The reaidae of the loan
Assistant Secretary of the Company, to till the vacancies (#2,500,000) can be used only for “ working capital," or “ for
the acquisition of other property.” —V. 63, p. 189; V. 65,
caused by Mr, Newhall’s promotion.
Mr. F. Wolcott Jackson, after thirty-one years of faithful pJOfl.
and honorable service as Generat Superintendent of the
Western Union Telegraph.—Quarterly,—Earniogs (partly
United Railroads of New Jersey, having resigned that estimated) for quarter and the nine monthsending March 31.
position, Mr Frank L. Sheppard was transferred to that 3 mos, ending
Set
Interest
D iv id en d s
position, Mr. John M. Wallis appointed General Superin­
Murfti 31 revenue.
charges.
paid.
Ilalance.
tendent of the Pennsylvania Railroad Division vice Mr 1 899 (e s t.)..................... $ 1 ,2 5 0 ,0 0 0 $ 2 2 4 ,2 7 3 $ 1 ,2 1 6 ,9 8 7 d ot.$ lI D ,260
1898 (a c t u a l)............... 1 ,1 5 5,52 3 • 234,411
1 ,2 1 6 .9 8 0 d e f. 2 9 5 ,8 6 8
Sheppard transferred, and Mr. George W. Creighton, Gen­
9 m onths—
eral Superintendent of the Philadelphia Sc Erie Railroad 1 898 9 ( c a t ) ..................$ 4 ,2 3 6 ,4 3 1 $ 6 7 2 ,8 1 9 $ 3 ,6 5 0 ,9 6 0 d e f.$ 8 7 ,3 4 8
Division, in place o f Mr. Wallis transferred, all taking effect 1 -9 7 -8 (a c t u a l)............ 4 ,4 1 2 ,8 8 8
6 8 2 ,1 2 9
3 ,6 5 0 ,9 2 8
our. 7 9 ,8 3 1
January 1st. 1899. With the view o f retaining for the Com­
'T n c ln d ln g $ 9 ,9 9 1 s in k in g fu n d .
pany the advantage o f Mr. Jackson's long and valuable ex­
Total surplus March 31, 1899 (estimated). $7,875,837. The
perience. he has been appointed R-sident Manager on the
United Railroads of New Jersey Division, with the special 1' j P- c. dividend is payable April 15, 1899.—V.67, p. 1264.
duty, in addition to such general duties as may tie assigned
Wilmington A Northern RR.— Reading Company.—
to him, of aiding the General Manager in all questions Bonds Guaranteed.—Holders of Wilmington & Northern
affecting the terminal facilities in New York Harbor.
general mortgage gold 5s are notified as follows:
The Board renew their acknowledgments to the officers
T h e R e a d in g C o m p a n y w ill g u a ra n te e th e p a y m e n t o f th e p rin c ip a l
and employes for the fidelity and efficiency with which they and in te re st o f the gen era l m o rtg a g e 5 p e r c e n t g o ld b o n d s p re s e n te d
t o W, R, T a y lo r. V ic e -P re s id e n t o f th e R e a d in g C o m p a n y , P hlladel
have discharged their duties during the past year.
phis. A s s o o n as th e g u a ra n ty ca n b e p rin te d o n th e b o n d s a n d d u ly
By order of the Board,
e x e cu te d th e b o n d s w ill b e re tu rn e d u p o n th e su rre n d e r o f th e r e c e ip t * ,
FRANK THOMSON, President.
- V . 67, p 1 * 0 9 ; V. 6 8, p . 188.

480

THE

COMMERCIAL

CHRONICLE.

[VOL. LXV1II.

EPITQME.

C

O

T

T

O

N

.

Friday Night , March 10, 1899.
F riday Night . March 10, 1899.
T he Movement of the Crop , as indicated by our telegrams
Considerable activity has continued to be experienced in from the South to-night, is given below. For the week ending
most lines of merchandise. Values, with few exceptions, this evening the total receipts have reached 86,913 bales,
have shown a firm undertone, but no important advances against 91,128 bales last week and 82,875 bales the previous
have occurred in leading staples during the week under re­ week, making the total receipts sinoe the 1st of Sept., 1898,
7,846,429 bales, against 7,669,398 bales for the same period of
view. Announcements by mills and manufacturers of ad­ 1897-8,showing a deorease since Sept. 1,1898, o f 322,969 bales.
vances in wages have oontinued to attract attention,as show­
Wed. Thurs.
Total.
Tues.
Fri.
Sat.
Receipts at—
Mon.
ing the generally healthy conditions prevailing. The nu­
merous trade combinations which are being effected have Q alveston........ 3,099 1,761 1,927 1,659 1,140 1,680 11,266
......
978
.........
.........
978
T ex. Oity, &o. . . . . . .
become a subject of much discussion. Renewed interest has
been shown in the political situation in the Far East resulting New O rleans... 8,280 6,569 4,390 6,669 5,991 4,713 36,612
126
475
183
38
2,409
122 1,465
from the demand made by Italy for concessions of territory M ob ile..............
in China. Freshets have been reported in some sections of
9,198
727 1,784 2,797 1,022 1,347 1,521
the Mississippi Valley, and this has caused some apprehen­ Savannah.........
1,192
1,192
......
.........
........
........
Brunsw’k.&c.
sion of floods following the general breaking-up of winter.
70
199
56
175
2,250
491
Complaints have been received from California of damage to C harleston___ 1,259
......
.........
.........
.........
....... .
Pt. Royal,<feo. . . . . . .
crops from lack of rain.
233
308
175
283
1,353
129
225
Lard on the soot has been quiet, as neither exporters nor W ilm ington___
12
......
12
.........
.........
........
refiners have been extensive buyers. Offerings have been
Wash’ton.&o.
7,850
900 1,245
moderate and prices have weakened slightly, closing at N o rfo lk ............
458 1,748 1,877 1,622
273
5-55c. for prime Western and
for prime City. Refined N’p’t News, <fcc. . . . . . . . . . . . . . . . . . . ........ .........
273
lard has had only a limited sale, but the close was steady at New Y o r k .......
340
471
134
55
1,894
441
453
8-85c. for refined for the Continent. Speculation in lard for B oston ..............
4,723
873 1,429
501
656
401
863
future delivery has been quiet, and under limited selling by B altim ore........ ...... . . . . . . . . . . . . ........ . . . . . . 3,418 3,418
packers and talk of full receipts of swine, prices have weak­ Phlladel’a, &o.. 1,458
3,485
856
411
247
387
126
ened slightly. The close was quiet.
M aroli...............................

Sal.
5-50

M on.
5 -52

h ie s.
5 55

Wed.
5 55

86,913

Tot. this week 16.848 15,011 12,565 12,755 11,825 17,909

D A IL Y 0 LOSIN G P R IC E S O P L A R D F U T U R E S.

Thun.
5 57

Fv,
5 55

The demand for pork has been quiet and prices have weak
ened to $9@9 62^ for mess. $10 50@11 for family and $10 25
@10 50 for short” clear. Cut meats have been scarce for
pickled shoulders and prices have advanced; other cuts have
been quiet, closing at 4M@4J^c. for pickled shoulders, 7@
7J^c. for pickled hams and 5@5}-£c. for pickled bellies, 14@
10 lbs. average. Beef has been in better demand for
export, closing firm at $8 50@9 00 for mess, $9@
10 50 for packet. $9 50@10 50 for family and $14 50@15 00
for extra India mess in tcs. Tallow has advanced, and
the close was firm at 4%@4}£c. Olio stearine has been quiet,
closing at 5SgC. Lard stearine has been steady at 6%c. for
prime City. Cotton-seed oil has been firm but quiet at 26^
@27c. for prime yellow. Butter has been quiet and easier
closing at 14@20c. for creamery. Cheese has been in demand
and firmer, closing at 9@12}^c. for State factory, full-cream.
Fresh eggs have declined under full supplies, closing at 15@
16c. for choice Western.
Brazil grades of coffee have sold slowly and the tendency
of prices has continued downward, owing to the full supplies
in sight and a continued large crop movement. At the close
Arbuckle Bros, lowered their price for package coffee J^c.,
to 9c. per pound. Rio No. 7 closed at 6J^c. West India
growths have been dull but steady at 8c. for fair Cucuta.
East India growths have been firm for desirable grades,
closing at 25@25%c. for standard Java. Speculation in the
market for contracts has been more active, and prices have
declined. The close was lower under liquidation by tired
longs.
The following are final asking prices;
M a r ..................... 5 05o. |J u n e ................... ft-20o. I S ep t..................... 5-45o.
A p r il.................... 5-050. J u l y ..................... 5-25o. |O o t ....................... 5'5 0 o.
M a y .....................5 -lO c. I A u g ...................... 5-35o. 1 D e c ..................... 5 -7 0 c.

Raw sugars have been in demand and firm, closing at
4 13 32c. tor centrifugal, 96-deg. test, and 3Jgc. for musco­
vado, 89-deg. test. Refined sugar has been in active demand
and %c. higher, closing at SJ/gC. for granulated. Teas sold
at lower prices at auction for oolongs.
Kentucky tobacco has been in fairly active export demand
at firm prices; sales for the week were 200 hhds. Seed-leaf
tobacco has been in better demand and steady. Sales for the
week were 2,025 cases, as follows; 150 cases 1898 crop, New
England Havana seed, forced sweat, partly spotted, 25@
40c.; 600 cases 1896 crop, Wis. Havana, l l @ ll% c .; 300 cases
1897 crop, Wis. Havana, 8 )^ 0 10c.; 100 cases 1897 crop,
State Havana, 12@15c.; 250 cases 1897 crop, Zimmers, 15J.<@
17c.; 75 cases 1897 crop, Dutch, 16@18c.; 100 cases 1895 crop,
Zimmers, p.t.; 200 cases 1895-96crops,Penn, seed leaf, 12^@
13J^c.; 200 cases 1897 crop, Penn, seed leaf, l l @ ll^ e ,, and 50
cases 1897 crop, Gebliardt, 14c.; also 600 bales Havana at 65
to $1 in bond and 150 bales Sumatra at 80c. to $1 70 in bond.
The liquidation by outside interests in the market for
Straits tin has had a weakening influence, and prices have
declined, closing at 23^@23%'c. Ingot copper has been
taken freely on old contracts, but new business has been
quiet, closing at 17^@17%c. for Lake. Lead has been more
active and firmer, closing at 4 40c. for domestic. Spelter
has been quiet and easier, closing at 6J^c. for domestic. Pig
iron has been in demand and firm at $13@14 50 for domestic.
Refined petroleum has been steady, closing at 7-3Dc. in
bbls., 4-8ic. in bulk and 8'10c. in cases. Naphtha steady at
10 c. Crude certificates have been neglected; credit balances
have been easier at $P13. Spirits turpentine has further ad­
vanced, closing firm at 48J^@49c. Rosins have been in fair
demand and firmer, closing at $1-35 for common and good
strained. Wool has been quiet but steady. Hops have been
in only very moderate demand, but values have held to a
steady basis.

The following shows the week’s total receipts,the total sino,
Sept. 1,1898, and the stock to-night, compared with last year,
Receipt $ to
March 10.
G alveston...
T ex. O.,&o.
NewOrleanB
M obile.........
Florida_____
8avann ali...
B r’wick,<feo.
Charleston..
P .R oyal,A c.
W ilmington.
Wash’n, &o.
N orfolk .......
N’p ort N.,&c
New Y ork ...
B oston ........
B altim ore. .
Philadel, <fcc.
T otals.......

Stock.

1897-98.

1898-99.
This
week.

This
week.

Since Sep.
1,1 898 .

11,266 2,121,986
978
70,725
36,612 1,822,428
2,409 232,345
169,217
......
9,198 989,903
1,192 261,846
2,250 347,586
23,229
1,353 287,991
12
1,321
7,850 573,187
23,078
273
83,296
1,894
4,723 263,808
33,950
3,418
40,533
3,485

Since Sep.
1, 1897.

31,929 1,796,034
82,697
1,986
60,612 2,344,467
4,150 324,776
2,100 100,595
17,100 1,082,110
10,983 231,209
4,107 441,938
62,785
567
1,704 303,967
13
1,208
5,163 509,596
16,924
1,387
83,655
2,088
3,283 159,243
64,052
1,986
64,092
1,063

86,913 7,346,429 150,221 7,669,398

1899.

1898

93,015

145,581

356,659
20,172

474,884
39,635

38,680
6,371
18,850

73,535
9,391
25,914

10,709

15,982

49,005
204
120,057
39,000
22,011
11,750

62,166
1,100
188,224
48,000
31,222
12 847

......

786,483 1,123,481

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

1899.

1895.

1894.

Galves’n, &c.
New Orleans
M ob ile.........
S a v a n n a h ...
Ohas’ton, <fec.
Wilm’ton, &o
N orfolk ........
N. News, &o.
All oth e r s...

12,244
36,612
2,409
9,198
2,250
1,365
7,850
273
14,712

33,915
60,612
4,150
17,100
4,674
1,717
5,163
1,387
21,503

19,029
23,244
4,402
15,832
2,905
686
7,794
197
5,842

10,415
21,924
1,996
11,370
8,803
1,338
6,664
3,320
5,688

22,879
47,491
2,699
11,495
10,361
1,779
12,823
3,213
19,633

7,181
32,221
2,536
9,448
2,004
629
4,451
2,406
5,654

Tot. this w k.

86,913

150,221

79,931

71,518

132,381

66,530

1898.

1896.

1897.

Sinoe Sept. 1 7346,429 7669,398 6115,406 4617,015 6988,415 5373,309

The exports for the week ending this evening reach a total
o f 74,781 bales, of which 30,751 were to Great Britain, 2,289
to France and 35,741 to the rest o f the Continent. Below
are the exports for the week and sinoe Sept. 1, 1898.
W eek Ending M ch. 10, 1899.
E x p orted to—
from —

From Sept. 1,1898, to Mch. 10,1899.
E x p o rted t o —

G reat
C onti­ lo ta l
Q rtat
France
France
B rit’n .
nen t. W eek. B rita in .

Q a lv e s to n ....... 13,130
Pex. C ity, &o..
New O rleans..
7,102
M obile..............
P e n sa co la .......
S avannah........
3,858
Brunsw ick —
220
C h a r le s t o n ....
P o rt R o y a l—
W ilm ln u to n ...
N o r fo lk ...
3,407
N’ p ort N ., &c .
N ew Y o r k .......
1,33?
6,582
B o s t o n ............
399
B a ltim o re.......
721
P h iladelph ia..
Ban Fran., &c..
T o ta l .........

33,751

Total. 1897-98.

68,626

3,224

5,819 21,173 1,000,083 355,880
347
847
18,685
16,732 28,834 682,332 218,353
133,585
71,531 10,849
6,038
6,038
51,766 32,216
3,853 103,703
220
75,793
21,210
118,002
151
39,147
3,558
25,057
65
2,910
4,342 218,850 21,154
148
6,730 321,157
1,050
1,343
1,742
99,128
2,223

2.289 35,741

721
2,223

14,243
9,747

C onti­
nen t.

lo ta l.

487,975 1.843,938
13,089
31,774
501,675 1,402,380
162,859
29,271
72,875 155,255
507,377 591,359
77,251 240,954
153,990 229,789
21.210
142,567 260,509
64,875
25,728
25.057
150.821 390,825
3,508 324,605
78,843 179,021
14,243
68.900
78,647

74,781 3,064,019 039,502 2,319,899 0.023,420

14,094 96,542 179,802 2,671,704 711,897 2,374,989 5,758,590

THE CHRONICLE.

March 11, 1*99 ]

481

F u t u r e s . — The highest, lowest and closing prices o f
In addition to above exports, our telegrams to-night al>o
give us the following amounts o f cotton on shipboard. D o t Futures at Mew York are shown in the following table.
oleared, at the ports named. We add similar figures for
New York, whioh are prepared for our special use by Messrs.
Lambert & Barrows, Produce Exchange Building.
—j? ? —is z.

s —n s. —* “ — * r-K ® —x
os

OH SHIPBOABD, SOI CLEARED FOR—
March 10 at

Other : OoastGreat
Britain- France Foreign wite.

Total.

Learning
ttcck.

New O rleans...
Gad veetou .......
S pvannah.........
Charleston. . . .
M ob ile.............
N orfolk___. . . .
New Y ork ........
Other p orts___

2.273
3.713
N ose.
None.
2,000
6.COO
400
10,000

4,472
10,084
None
None.
None.
None.
150
None.

29,468
1.710
None.
2,000
1,000
:. j •
:
4C0
8,000

1.493
18.465
None.
500
None.
9,500
None.
None

37.706
3^,973
None.
2,500
3,000
16*500
950
19,000

318,953
59,042
38,680
16,350
17,172
32,505
119.107
7 .’ ,045

Total 1 8 9 9 ...

24.386

14.706

43.578

29.959

112,629

j j ? ; j ' Ij Tj j Tl j
Os®
—M

673,854

0,330
14,851

98.808
62,772

26.737
5,641

234,506
115,400

F a i r . . . . . . . . . . . . ...................e. l q o n G ood O r d i n a r y ™ ........ * ,I 1!* oil
'If
M iddling F air......................
>* on G ood M iddling T in g e d .
■■P
Sven
S trict G ood M iddling....... .
q o n Strlot M iddling S ta in ed ___ Taj oB
on
Sood M id d lin g ..................... *»on M iddling S t a i n e d .............
on
Strlot L ow M iddling....... ..... * ,8 off Strict Low M id, S ta in e d ... 1 os
L ow M iddling.................... . *-8 off Low M iddling S ta in ed ....... l q o f l
Itr io t G ood O rdin ary..........
H off

®®
HM
to te
1 9

®®
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®®

i 9

<? |

® .
m '
®

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® ®
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893,975
698,926

Speculation in cotton for future delivery has been
without animation. The outside interest has withdrawn
almost entirely from the market, practically the only
trading aside " from professional operations being the
liquidation
by outside longs of their interests in
the near by deliveries. The fact that prices have failed
to advance latterly, together with the contraction of specu­
lative interest in the market, has served to induce the
liquidation by longs, and they have been steady sellers
thronghont the week of the near-by deliveries. Owing, how­
ever, to the fact that the short interest has been a ready
buyer, the demand has been sufficient to absorb the offerings
and has held values comparatively steady. A fair number
of notices have been issued for deliveries on March con­
tracts, but they have been nearly all stopped by a promi­
nent Philadelphia houge.
While the liquidation in
the near-by deliveries lias been going on there has devel­
oped a stronger undertone to the market for the nestcrop deliveries on absence o f sellers and limited buying for
investment acconnt. based on the belief that the acreage for
the coming crop will be smaller. The delay in farm work,
small sales of fertilizers and the recent freshets in the South,
and apprehensions of floods, many think foreshadow such a
result. To-day there was an easier tone to the market,
under liquidation by longs in the near-by deliveries,
prompted by a larger crop movement for the week than had
been generally expected and favorable weather conditions
at the South. The close was easy at a net loss in price for
the day o f 5(37 points. Cotton on the spot has been quiet,
and at the dose prices declined *.£c., to 6 7-16c. for middling
uplands.
The rates on and off middling, as established Nov. 16,1893
by the Revision Committee, at whioh grades other than
middling may be delivered on contract, are as follows.

m m

1 3

1 3

1 S

Total 1898. . 102,131
Total 1 8 9 7 ... 32,133

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to-night, as made up by
cable and telegraph, is as follows. Continental stocks, as well
as those for Great Britain and the afloat, are this week'a re­
turns, and consequently all European figures are brought down
to Thursday evening. Bat to make the total the complete
figures for to-night (Meh. 10), we add the item of exports from
the United States, including ia it the exports of Friday only.
I k e V i s ib l e S u p p l y o f C o t t o n

'4 ® ® ® ® 1

1880
1808.
18B7.
1896.
Stock at L iverp ool........bale*. 1,812,000 1,211,OCX 1,383.000 1,158,000
Stock at London .....................
9,000
3,000
A,000
6.000
Total Great Britain n o c k . 1,821,000 1,211,000 1,387.000 1,161,000
Stock at H am burg....................
20.000
9,000
19,000
26,000
On this basis the official prices for a few o f the grades for Stock at Bremen ..................... 126,000 339,000 192,000 253,000
Stock at Am sterdam ................
3,000
3,000
6,000
9,000
the past week—March i to March 10—would be as follows.
Stock at R otterd a m .................
300
300
300
200
Stock at A n tw e r p .....................
1 1 ,0 0 0
7,000
1 1 ,0 0 0
11,0 0 0
UPLilNDS.
N .t , 7 f o n T o e i W e d T k . F r l
Stock at H a v r e ........................ 355,000
280,000 218,000 296,000
Stock at Marseille*...................
1,000
1.000
5.000
7,000
sq
sq
5q
sq
sq
Stock at B arcelon a...................
75,000
76,000
63,000
78,000
Low M iddling.............................. 8>,
eq
aq
6
eq
Stock at Genoa ........................
61,000
37,000
51,000
76.000
MIddlln* .. . ................. ............ a * ,,
8*1«
0h«
6 7 ,,
o * ,«
Stock at T rie s te ........................
11.000
4.000
13,000
21,000
Good M id d lin g ........................ a i i , ( e i i „ 615.,
615.,
$“ »•
Middling F air..............................
7 7 ..
7»,«
Total Continental stock* . 969.300 768.300 586,300 783,200
17.,
Total European stocks
2,700.300 1,082,300 1,973.300 1,947,200
GULF.
8 - « , .if o n T o m W e d T h . F r l
India cotton afloat fo r E urope 119.000
82,000
130,000 168,000
Amer. cotton afloat for E*rope. 368.000 578,000 331,000 322,000
Good Ordinary.................. . . . . . 5%
5\
sq
is
S\
35,000
19,000
56,000
56,000
Egypt, Brazil, Ac., aflVfor Efp«
L ow Middling............ ................ 64|
eq
6H
eq
«q
Stock in United S tate! porta.. 786,183 1,128,181 81-1,326 737,393
M iddling..... ........... ............ ........
8>3„ 61.1,,
s ; 1*. S tock In Q. 8. Interior tow u s.. 161,869
159,136 323,319 382,631
Good Miadlliu?........................... 7 3 ,.
7*,s
■’ is 73, S
27,700
21,118
1 2 ,1 1 9 ___ 20,980
United States exports to-day..
7 li,* 7 i ! ,. 7H ,. 7 ll% 7»*i.
Total visible s u p p ly .......... 1.584.801 4 .2 8 6 ,8 -7 3,656,363 3.599,927
STAINED.
S a t. r»Ion T o m W e d T U . F r l
Of tbe above, totals o f Am erican and other descriptions are as follow s
American Low M iddling........................
53„
8»„
83, ,
61, s
Liverpool stock ..............b a le*.1,699,000 1.099.000 1 . 2 1 1 ,0 0 0 970.000
g i6
eq*
eq
eq
eq
Continental stock s.................... 020,000
734,000 514,000 683.000
a u M alias 6>1,
Strict M iddling........... ..a.
e u * . e ii® glaa
Am erican afloat fo r E u rop e... 368,000
578,000 334,000 322.000
Good Middling T inged____
6 » ,.
6*1*
6 »,« ...g.’ ie
«»16 6»,«
U n ite! States stock................... 7 »6 ,483 1,128,481 811.326 737,392
362,637
United
The quotations for middling upland at New York on United States Interior stock s. 161,860 159,136 323.319 3 ________
27,700
State* exports to-day..
12,119
20,980
2 4 ,1 1
March 10 for each of the past 32 years have been as follows.
Total A m erican................... 1,235,501 1,010,597 8,221,063 3,102,730
1899.
1 8 9 1 __ 0 . 815,, 1 8 8 3 .... O.105], 1 8 7 5 ....0 .1 6 1 ,
_
S a it I n d ia n , B r a iii, <te,—
18 90.........1 U ,
1 9 9 8 ...... 6*4
18 82........ 111*,. 18 74.........l « q
L iverpool stock .......................... 123,000
121,000 1 7 2 ,0 0 0 188,000
1897
................ 7 q 0 L , 1881.........11
18 89.........1
6,000
1873........ 2 0 4
London stock.............................
9,000
3,000
4,000
1898
.................... 7 \
1888.........1 0L *
1880 .......13*4
18 72........ 2 2 4
100.200
Continental stock s....................
49,300
31.300
72,300
1 8 9 5 ..
.... 5 61,,8 8 7 ...... 97t 1879 ..... . 9 \ 1871 ....... 1 4 4
India afloat for E u ro p e .......... 119,000
62.000 130,000 168,000
1894 ....... 7 * „
1386......... !> ■
**
1878........ 11
18 70 ....... 2 1 4
35,000
Egypt. Brasil, <ko., afloat........
19,000
56,000
56,000
1893 ....... 9%
1 8 8 5 ......1 1 6 ,,
18 69 ....... 29
18 77 ...... 1 2 r „
Total East India, A c ,......... 349,300 _276,300 431,300 497,200
. . . . 319,300
....
1 8 9 2 ..
.... 8 W „ ....... 107, 1376 ..... , 1 2 V 18 68 .......2 5 q
1884
Total A m erican...................1,236,501 1.010,597 3,221,063 3,102.730
MARKET AND SALES,
Total visible s u p p l y .. ....... 1,684,801 4,286,897 3,656,363 3,599,9 3 »
31&t,d.
4qd.
Middling Upland, L iverpool..
37, «d.
33ad.
[Sa i .M o r s p o t A Oow t * ao f
7*40.
711 ,3o.
6 7 ,so.
63,, o.
Middling Upland. New Y ork..
Ftrr tra ss
8 fot M saasT
flq d .
S H td .
Egypt Good Brown, Liverpool
a^d4 V d.
Market
cn osa n .
! Oon~
Q on |
eqd.
Peruv. Rough Good, L iverpool 819, sd.
6 3i ad.
6VI.
Ol o s k d .
Total
1 P ort- tu m p tra ct. •
315!, d.
3»,.d.
sqd.
Broach Fine, L iverp ool..........
4 3 ,8d .
T ln n e v e lly Good, L iv e rp o o l..
311,, d.
3 VI.
3Sl3i«L

S a t u r d a y ..
M o n d a y ..
T u esd a y...
W ed n esd a y
T h u rsd a y .,
F r id a y .......

Q u ie t ............ .
[s te a d y . . . . . .
S t e a d y ................. Q u iet ik st'rly
q u i e t .. ............
Q u iet & atfdyl
q u i « t ____ ____ s t e a d y ____ ;
Q u i e t . . . , ............ Quiet A « r d y
Q uiet a t
d ee - I s -w y ...........J

T o t a l,... i .*..,**.,
L

i

100
lO K

**89
3071

4311

100
2 ,2 0 0 2 .5 2 5
900
0S 0 j
70J 1,007*1
....
900|
800

3001 4 ,6 0 0

5 .4 2 7

tST The imports into Continental ports the past week have
oeen 106,000 bales.
The above figures indicate an increase in the cotton in
sight to-night o f 207,911 b&'es as compared with the same
date of 1S98, a gain of 920.438 bales over the corresponding
1 date o f 1897 and an excess of 981,871 bales over 1896

THE CHRONICLE.

482

A t t h e I n t e r i o r T o w n s the movement—that is the receipt8
for the week and since September 1, the shipmente for the
week and the stocks to-night, and the same items for the
corresponding period of 1897-98 - i s set out in detail below.

Quotations

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The above totals snow that the interior stocks have
increased during the week 8,428 bales, and a,re to-night 2,73
bales more than at the same period last year. The receipts
at all the towns have been 15,059 bales less than the same
week last year, and since Sept. 1 they are 489,368 bales more
than for the same time in 1897-98.
O

verland

Movem ent

for the

W

eek and

S i n c e S e p t . 1 .—

W e give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports received Friday night. The results for the week
ending March 10 and since Sept. 10 in the last two years are
as follows.
1898-99.
M a rch 10.
W eek.

S ince
Sept. 1.

Shipped—
V la B t . L o u i e ..................... ..............
V ia C a ir o ...........................................

1 6 ,1 5 7
6 ,845

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

V ia R ook I s la n d ........ ..................
V ia L o u is v ille ..................................
V ia C in c in n a t i.................................
V ia o t h e r r o u t e s , & o . . . ................

928
4 ,4 1 9
3 ,3 0 4
4 ,9 7 3

42,691
1 5 1 .2 5 6
1 2 9 .25 7
139 ,60 8

T o t a l groBB o v e r la n d .................
D ed u ct sh ip m en t*—
O verla n d t o N . Y ., B o s t o n , <ko..
B etw een in t e r io r t o w n s ...............
In la n d , & o., fr o m B o o th ...............

3 6 ,6 2 6 1 ,597,532
1 3 ,5 2 0
1 ,574
4 ,3 1 9

4 2 1 ,58 7
2 9 ,4 3 5
5 4 ,9 7 6

T o ta l t o b e d e d n o t e d .................

19,4 13

5 0 5 ,99 8

L e a v in g t o ta l n e t o v e r l a n d * ..

17,213 1,0 9 1,53 4

1897-98.
Week.
18,479
11,3 34
1 ,8 1 4
620
3,433
5,328
2,864

Since
Sept. 1.
7 3 3 ,05 9
308,308
26,721
42,315
100,275
109 ,12 3
125,033

43,8 72 1,444,834
8 ,4 2 0
498
1,026

3 7 1 ,04 2
21,3 21
3 0,5 54

9 ,9 4 4

4 2 2 ,91 7

33,9 28 1 ,021,917

• I n o ln d in g m o v e m e n t b y ra il t o C an ad a .

The foregoing shows that the week’s net overland movement
this year has been 17,213 bales, against 33,928 bales for the
week in 1898, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 69,517 bales.
In

1893-99.
S igh t a n d S p in n ers’
T akings.

R e ce ip ts at p o r t s to M ob . 1 0 .___
N e to v e r la n d to McU. 1 0 ...............
S o u th e rn c o n s u m p t io n to M eli.lO
T o t a l m a r k e t e d ............
in t e r io r s to o k s In e x c e s s .

W eek.

S ince
Sept. 1.

1897-98.
Week.

Since
Sept. 1.

86,9 13 7 ,3 4 6 ,4 2 9 150,221 7,6 6 9,39 8
17,2 13 1 ,0 9 1,53 4 33,9 28 1 ,0 2 1,91 7
2 6 ,0 0 0
7 1 2 ,0 0 0 21,000
6 1 5 ,0 0 0
130 ,12 6 9 ,1 4 9 ,9 6 3 2 05 ,14 9 9 ,3 0 6,31 5
8 ,4 2 8
3 5 7 ,7 5 0 * 29,708
4 1 4 ,06 0

O a m e ln t o s lg b t d u r ln g w e e k . 138,554
175,441
T o t a l I n s i g h t M ch . 1 0 . . . . . . . . .
9 ,5 0 7,71 3
9 ,7 2 0 ,3 7 5
N o rth 'n s p in n e r s t a k ’ Ks to M c h .10
* D e cre a se d u rin g w eek .

4 3,7 56 1 ,760.412

6 6 .0 5 0 1 .818,958

M iddling C otton

at

Oth e r Ma rk ets . —

CLOSING QUOTATIONS FOR MIDDLING OOTTON ON—

a tu r.

8

G a lv e s to n ...
N ew O rleans
M o b i l e .........
S a v a n n a h ...
C h a rle sto n ..
W ilm in g ton .
N o r f o lk ........
B o sto n ..........
B a lt im o r e . .
P h ila d elp h ia
A u g u sta .......
M e m p h is___
St. L o u is ___
H o u s to n .......
C in c in n a t i..
L o u is v ille ,..

H
6
5 78
513,6
5 78
6
6%
6i>ie
6 is
6

6=8
6*8
614
6%

M on.

Tues.

OH
B iie
5 78
5 78
5 78
6
618
Ohs
6L,
6 13ia
6%
6ki
61,6
614
6*6
6%

M
ohe
5 78
5 78
51*16
6
6%
6 9ia
6 is
6 l 3i0
6=8
6i8
6 iie
614
618
6I4
6

W ednes.

Thurs.

F r i.

H
6116
6
5 7g
51518
6

GH
6
6
5 78
516,e
6
618
66,6
6%
c ,613« !

6>4
6
6
5 78
516,6
6
6^
6he

GMs
0>4
6*8
614

61,6
6*4
6^
6 H

6

6»J6
6^
6 l«i6
65 q
6^
61,6
6*4
6%
6>4

f a l 16
b « 18

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
A th e n s ...............
A t la n t a .............
C h a r lo t t e .........
C o lu m b u s , G a .

6=8
6118
6%
6

C o lu m b u s,M iss
5=8
E u fa u la ...........................
L ittle B o o k ___
5%
M o n tg o m e r y ...
5 7e

N a s h v ille . . . . . .
N a t c h e z . . . ___
R a l e i g h ..............
S h r e v e p o r t ____

5 7s
5 i» to
O'a
5H i 8

R e c e i p t s f r o m t h e P l a n t a t i o n s . —The follow ing table
indicates the actual movement each week from the plantations.
The figures do not inolude overland receipts nor Southern
Consumption; they are simply a statement o f the weekly
movement from the plantations o f that part of the crop which
finally reaches the market through the outports.
Week
Ending—

| :3
5 S»
»So

for

Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
M a rch 10

H
0
1
a

[V ol . LXVIII.

Receipts a t the Ports. St'k at Interior Towns. Rec’vtsfro m P la n t’ns
1899.

1898.

1897.

1899.

1898.

1897.

Feb. 3 ...... 170,413 223.128 101,504 599,913 569,251 444,400
4 10...... 120,479 200,800 119,423 531,000 558,555 429,094
“
17 ....... 72,150 1S5.133 84,894 499,421 540,708 401,905
4 24...... 82,875 162,474 84,395 467,398 511,247 374,238
4
Mob. 3 .... 91,128 150,717 95,208 453,441 488,881 360,127
4 10....... 80.913 150.221 79.931 401.869 459,136 323,319
4

1899.

1898.

1897.

151,089
57,561
40,571
£0,852
77,171
95,341

201,409
190,170
107,346
182,953
128,314
120,518

74,778
105,117
57,745
56,728
71,155
63,123

The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1,1898, are 7,704,179 bales; in
1897-98 were 8,083,458 bales; in 1896-97 were 6,318,131 bales.
2. —That although the receipts at the outports the past week
were 86,913 bales, the actual movement from plantations was
95,341 bales, the balance going to increase stocks at Interior
towns. Last year receipts from the plantations for the week
»ere 120.513 bales and for 1897 they were 53,123 bales.
W eather R eports b y T e l e g r a p h . — Our telegraphic re­
ports from the South this evening indicate that as a rale the
weather has been favorable at the South during the week.
The rainfall has been light generally and at the close of the
week the temperature is much higher. As a result o f the
more satisfactory conditions, farm work is no v under way
in most sections, and is making good progress. Prepara­
tions are, however, ou the whole very backward. Our
Memphis correspondent states that the Mississippi River is
1-5 feet below the danger line, and rising.
Galveston, lexa s.—The weather the past week has in gen­
eral been very beneficial to farming operations throughout
the State, and much plowing and preparing o f land has
been accomplished. The week’s rainfall here has been five
hundredths of an inch on two days. The thermometer has
averaged 55, ranging from 39 to 71.
Palestine, Texas.—There has been only a trace of rain dur­
ing the week. The thermometer has ranged from 26 to 84,
averaging 55.
Corpus Christi, Texas.—There has been rain on one day
during the week, the precipitation reaching four hundredths
of an inch. Average thermometer 57, higuest 72 and
lowest 42.
San Antonio, Texas.—Dry weather has prevailed all the
week. Minimum temperature 32.
Paris, Texas.—Clear weather now prevails. The thermo­
meter has ranged from 22 to 85.
New Orleans, Louisiana.—We have had dry weather all the
week. The thermometer has averaged 60.
Shreveport, Louisiana.—It has rained on one day during
the past week, the precipitation reaching twenty-one hun­
dredths of an inch. The thermometer has ranged from 27 to
82, averaging 54.
Columtms, Mississippi.—W e have bad rain on one day of
the past week, the precipitation reaching fifteen hundredths
of an inch. Average thermometer 54, highest 80, lowest 18.
Leland, Mississippi.—The week’s rainfall has been twenty
hundredths of an inch. The thermometer has averaged 51'7,
the highest being 78 and the lowest 22.
Meridian, Mississippi.—Rain has fallen on two days of
the week. Preparations for planting have been delayed. Tne
sales of fertilizers to date have not been more than one-third
the quantity sold during the same period last year. Southern
cotton mills are buying almost all the cotton offered.
Vicksburg, Mississippi. — The week’s rainfall has been
three hundredths of an inch, on one day. The thermometer
Jias averaged 52-4, ranging from 30 to 80.
Greenville, Mississippi.—The weather continues fair and
warm, and picking is proceeding vigorously.
Little Rock, Arkansas.—We have had rain on two days of
the week, the rainfall reaching twenty-eight hundredths of
an inch. Average thermometer 48, highest 79, lowest 18.

THE

JiIarch 11, 189y.]

CHliONICLE.

483

A l e x a n d r ia
R e c e ip t s a n d S h ip m e n t s
op
C o t t o n .—
Helena. Arkansas.—'The weather was cold and wet the
first part of the week, bat tais morning is warm with indi­ Through arrangements we made with Messrs. Davis, Benaohi
cations of rain. The week's rainfall has been one inch and & Co., of Liverpool and Alexandria, we now receive a weekly
twenty two hundredths, on two days.
The thermometer oable o f the movements o f cotton at Alexandria, Egypt. The
following are the receipts and shipments for the past week
has averaged 4-F7, the highest being 77 and the lowest 18.
Memphis, Tennessee.—Picking and marketing h ive made and for t he corresponding week of the previous two years.
better progress the past week. The river is thirty one and
Alexandria, Egypt,
five-tenths feet on the gauge, or one and five-tenths below
1897-98.
1898-99.
1896-97.
March 8
the danger line, and rising. There has been rain on tw o
dars of the week, the rainfall being fifty-two hundredths of Receipts (cantars*). ..
Th is week:.................
175,000
120 ,0 0 0
70,000
an inch. The thermometer has averaged 44-4, ranging from
Since S e p t l ......... .
5,113,000
5,919,000
5,161,000
15 to 80-4.
Since
T A i,
Since
This
This
Sines
Mashville, Tennessee.—W e have had rain during the week,
x
oeck. Sept. 1 . week. Sept. 1.
week. Sept, 1
the precipitation reaching two inches and seventeen hun­
dredths, The thermometer has ranged from 3 to 78, aver­ Exports (bales)—
T o Liverpool........... . 10 ,00 0 229.000 10 ,0 0 0 272.000
2,000 263.000
aging 40.
T o C ontinent!.......... 14.000 2 2 1.0 0 0 13,000 273.000 23,000 251.000
Mobile, Alabama—Reports from the interior are that cold
weather and rain prevailed during the early part o f the
To ta l Europe......... 21,000 453.000 123.000 545.000 25,000 514,00
week, bnt that latterly it has been clear ani warmer. Plant­
' A oautar Is 93 pounds.
ing preparations have’made some progress, bnt are very back­
t Of which to Am erica In 1398-99, 29,161 bales; In 1897-98, 35,573
ward. We have had rain on one day, to the extent of twelve bales; in 1896-97. 38.119 bales.
hundredths of an inch. Average thermometer 53, highest
This statement shows that the reoeipts for the week ending
76 and lowest 32.
Mch, 8 were 120,000 cantars and the shipments to all Europe
Montgomery, Alabama.—There has been bnt a trace of rain 21,000 bales.
during the week. The early p»rt was cold, with the tern
peratnre below freezing, bnt since Wednesday the weather
Manor ester Market .—'Our report reoeived by cable)
has been warmer and planters are “ hustling” preparation of to-night from Manchester states that the market is steady
lands. The outlook is improved. The thermometer has for yarns and firm for shirtings. Manufacturers are gener­
averaged 53, the highest being 84 and the lowest 22.
ally well under contract. We give the prices for to-day
Selma, Alabama.—It has rained on two days of the week, below aul leave those for previous weeks of this and last
the precipitation reaching sixty hundredths of an inch. year fo* comparison.
The thermometer has averaged 54, ranging from 21 to 82.
1899.
1898.
Madison, Florida.—We have had rain on two days, the
precipitation reaching forty hundredths of an inch. The
8*4 lbs. Shirt- Oott' n
8*4 ibis Shirt* Oott n
*8 # Cop ing$, common Mid. 32* Oop, ings, common Mid.
thermometer has ranged from 26 to 83, averaging 58.
Twist.
Twist.
to finest.
rjplde
to fittest.
TTpltl
Sam nm h, Georgia.—We have had rain on two days of the
past week, the precipitation reaching fifteen hundredths of
j A.
(L s. 4
a.
a.
4.
s 4.
a.
e. a. a. a
an inch. Average thermometer 54, highest 84, lowest 24.
3»62 5 * 0 6 * 4 1 0 6 7 * 37,3
Feb. 3 5 * 0 6 * 4 U * * 0 1 O
Augusta. Georgia.—W e have had rain on two days daring
• 10 5 * 0 6 * 4 i *«® 0 U>
•
5 * 0 6 * 4 1 * 0 6 8* 31*3
17|5l*ls » 6 * 4 1*9*8 10*9 s ir 511,, 0 6 % 4 1 * 0 6 8* U>S4
the week, the precipitation being forty-six hnalredths of
4 1*9*6 10*9 31
5 * ®6 U , « 4 2 0 6 9
“ 21
37„
an inch. The thermometer has average! 50, the highest -Mch 3 5 1 * 1 ,0 6 *„ 4 2 » 6 11
5* 48 U
513U -6 1 3 „ 4 2 0 6 9
37,8
being 81 and the lowest 14.
• 105l&t«-611,n 4 2 <»6 1i
•
3%
3 7 l* 5 * 0 6 * 1 2 0 6 9
Charleston, South Carolina—There has been rain on three
days of the week, the precipitation being thirteen hundredths
S ea Islan d Cotton Mo v e m e n t .— We have received thl®
o f an inch. The thermometer has averaged 53, ranging from (Friday) evening by telegraph from the various ports th®
letails of the Sea Island cotton movement for the week, Th®
26 to 80.
Statebnrg, South Carolina. —A thunder storm with high receipts for the ween ending to-night (March 10) and sine®
wind and rain oq Sunday was succeeded by a blizzard, with Sept. 1, 1888, th e sto ck s to-night, and the same item s for th®
rain and sleet, ou Monday, and freezing weather on Tuesday corresponding neriod* of 1897-98, a rea s follow s.
and Wednesday. The rainfall reached fifty three hundredths
1807-98.
1898-99,
of an inch. The thermometer has ranged from 2. to 83, aver­
Receipts to March 10. TAi, I Since This Sihct
aging 52-6.
Greenusxxl, South Carolina.—We have had rain on one
oeek. Sept. 1. 18S9. 1898.
week. Sept. 1. *
day of the week, the precipitation being three hundredths of
8 .vsQumh.............. . .....
336 49,381
247 55.968
15,791
an inch. Average thermometer 44, highest 56, lowest 33.
......
17i 5,067
6
3,809
9,745
The following statement we have also received by telegraph, Osarlestou, Ac..............
6,349
■riU Ac...........
a.
.... 6,511
2,711
showing the height of the rivers at the points named at
Total.......................
333 - 60,962
2531 72.062H2.468 22.371
8 o’clock March 9, 1899, and March 10, 1898.
The >xport« for the week ending this evening reach a tori 1
Meh. 9, '99. itch. 10, '98.
if 621 bales, of w hich 599 bales were to Great Britain. 25
feet.
Feet.
to France and — to Reval, and the amount forwarded to
12*2
New Orleans......
10 l
Northern mills has been 1,330 bales. Below are thp exports
13-2
311
Memphis....... ..
37*2
47
Nashville--------for the week and d a ce September 1 In 1898-99 and 1897-98.
V«
31
Shreveport........
360
25 l
Vlckshurit ........
; w » * End Ins .15-A. 10. Since Sept. 1,1898 INortVn Mil's.
BtporU

; a rea ! Fr'nee
India Cotton Movement prom all P orts,—The receipt
Bril’ n. de.
of cotton at Bombay and the shipments from all India ports
for the week ending Mch. 9, ami for the season from Sept. 1 savannah... . . . .
to Mch. 9 for three years have been as follows:
OaarlTo.Ac
20
rtorlda, Ac ........|
25
1898-99.
H a ir Y o rk ..|
579
1897-98.
1896-97.
Boston ____ j _____
Receipts al—

Week.

Bom bay..........

Since
Sept. 1.

.

Ffe*k.

8^,000 1,173,000

57.000

Great l Conti*
Britain. nent.

fro m —

63* ,000

Weeds.

Since
Sept. 1.

ca.oooi

797,000

Sines S ep tem b er 1.

Total.

Great
Britain.

Oontinent.

IWol.

B om bay-

1893-99.
1397-98
1896-

0 li'-n t m -

16.000
97.
5.000

1398-99
1897-93
1896-97

3.000
2.000

1 12.000

16,000

272.000

2,000

2.030

1,0(8) i

1 ,000

M a d ra s--

1399- 99,
1897 99

1896-

A li

-

97.

1898-99 .

18971896-

3.000 1 3.000
98 .
97.

T >tal all—
189899.

227.000

10,000
12.000

16.000 : 21.000

12,0 00

19,000
13,000
18,000

Balt., * o .....................
Total

599,

25

10,000

2,000
2.000

1 4 .0 0 0

230.000
114.000
283.000
16,000

11,000

4.000

9,00)»
21.000

25.000

2.000
2.000
9.000

15.000
7.000
17.000

17.000
9,000
26.000

4.000
10,000
15.000

55.000
24.000
42.000

59.000
34.000
57.000

1 1.0 0 0

311.000
152.000
352.000

322.000
168,00'
398.000

20

Oreat F r ’nee
Bril’n. dC.

B inct
T ota l. \ W ees. Sept 1.

4,949 2,991

7,940i 1 ,280 2 3 ,2 6 0
1 ,4 0 5
918

1.405
200

.

2001 .......

"eoi 7,614 4,697 12,311!
1 ,9 4 5 1
1.945
1,482;
1,482
821 17,595

6,347

7,688 25,283' 1,280 30,525

....... 123,610! 6,462 30,072

Total 1897-8

For the Week

Xxpartc

1 Since
ggp, i.

T o ta l.

707,26,948

Quotations March 10 at Savannah, for Florida*, common
9c.: medium fine, 10c.; ohoice, 18c.
Charleston, Carolina.*, medium fine, 18c.; fine, 20c.; fully
fine, 31 to 253.: extra fine. 40 to 50c.
N

ew

E ngland M

il l

S it u a t io n — W

ages

I n c r e a s e d .— A

s

intimated in these columns, the restoration of wages in New
England cotton mills to the scale in operation prior to the
redactions made in the early part of 1808 has become quite
general. Aside from the places specifically mentioned last
week, manufacturers in Augusta, Biddeford, Lewiston and
Waterville, Me., and Adams, Amesbury, Fitchburg, North
Adams, Salem, Webster, Whitinsville, Williamstown and
Worcester, Mass., have given notices of like import. In al i
cases the new rates of compensation go into effect April 3

T h e B u b o n i c P l a g u e i n B o m b a y . —According to advice
to the London (Eng.) "M orning Post” of date Bombay
According to the foregoing, Bombay appears to show an March 5, the bubonic plague is especially severe in that city
increase compared with last year in the week's reoeipts ot
31,000 bates. Exports from all India ports record a gain at present. Last week’s official returns indicate that 972
of 6,000 bales during the week and since September 1 show deaths occurred, but this is believed to be mnch below thean excess of 154,000 bales.
actual result.

18971896-97.

I-9
5.000

13,000
23.000

16,000
44.000

THE CHRONICLE.

464

[VOL. liK V lj.

The particulars of the foregoing shipments, arranged in
C o m p a r a t i v e F o k t k e o b i p t s a .n d u a i l v C h o p M o v e m e n t
—A comparison of the port movement by weeks is not our usual form, are as follows.
Great F ren ch Ger- — Oth. FTr o p e s M exico,
acoarate as the weeks in different years do n o te n d o n the
die.
n
riV n.
same day of the month. W e have consequently added toou r N ew Y o r k . B 1,337 p o rts. m a n y . N orth. South. __ . . . J a p a__ . T o ta l.
___
337 1,150 1 ,453
65
4 ,3 4 2
other standing tables a daily and monthly statement, that N. O rleans. 7 ,1 0 2
7 3 0 3 ,8 5 7 12,1 45
.....
2 3 ,8 3 4
729
3 ,1 4 7
the reader may constantly have before him th e data for G a lv e s t o n . 13,130 2 ,2 2 4 1,943
2 1 ,1 7 3
.....
347
Oor. C .. <te.
347
seeing the exact relative movement fo r the years named, S avannah..
......... 6 ,0 3 3
6 ,0 3 8
The monthly movements since September 1, 1898, and in B ru n sw ick 3 ,8 5 3
.........
.... ......
3 ,8 5 3
.........
_____
......
O h a rle sto n
220
previous vears. have been as follow s:
220
N o r fo lk ___
B o s t o n ___
B a ltim o re .
P h il’ d e lp ’ a
San F r a n ..

Pear B e a in n in g S e p te m b e r 1.

M o n th ly
R e c e ip ts

1898.

1 895.

1896.

| 1 89 7 .

1 89 3 .

1 89 4 .

5 18 ,76 2
3 7 7 ,4 0 8
B e p t'm b ’ r 697 ,78 4
3 8 3 ,8 8 6
7 9 6 ,7 0 2
9 1 2 ,4 8 6
O s to h e r. 1 .7 3 5 .6 6 0 11,424,907 1,468,516 1,202,460 1 ,622,664 1,3 1 1,27 9
N o v e m b ’r 1 ,861,619 1.776,907 1,286,251
9 1 2 ,7 5 9 1 ,607,662 1 ,2 7 2,77 6
D e o e m b r 1 ,5 6 5,77 0 1 ,594,948 1 ,256,000 9 8 7 ,8 9 9 1,497,560 1,239,738
6 8 7 ,0 2 ?
9 3 8 ,1 9 7
9 2 9 ,5 3 8 1,1 1 4,87 3
J a n u a ry
035 ,87 8
5 4 8 ,1 1 8
3 3 0 ,5 0 '
4 0 4 ,97 6
4 4 1 ,7 7 6
5 3 3 ,3 9 8
435 ,56 1
7 3 7 ,0 8 0
F e b ru a ry
T o t a l ... 7 .2 2 5,93 2 7,425,417 5 ,964.107 4 ,476,898 6 ,7 1 8 ,2 4 3 5 ,2 1 8,72
P ’ o e n t'g e o f co t.p o rt
87-49
82-99
87-2 3
8523
r e o e lp ts Feb. 2 8 . A 85-58

1898-99,

1897-98.

1896-97.

189 5 -9 6.

1894-95.

189 3 -9 4.

T o t a l . - 7 ,346,429 7 ,632,619 6,0 9 1.60 4 4,577,884 6,872,179 5,3 1 5,62 8
F o e n U g e o f tot.p ort
87 96
89-37
re o e lp ts M ch. 1 0 ..
84-86
87-19
88-86
J u te B u tts, B
b u s in e s s i n

a g g in g ,

& c ,— T h e re h as b e e n p r a c tic a lly n o

ju t e b a g g in g d u rin g th e w e e k u n d e r r e v ie w a n d

p r ic e s a r e n o m in a lly u n c h a n g e d a t 5 % @ 5 % c . f o r
6@ 6J^c. fo r 2

lb s ., s ta n d a r d g r a d e s .

J u te

b u tts

lb 3 . a n d
co n tin u e

d u l l a t l '0 5 c . f o r p a p e r q u a l i t y a n d l % c . f o r m i x i n g t o a r r i v e .
S h i p p i n g N e w s .— A s s h o w n o n a p r e v i o u s p a g e , t h e
e x p o r ts o f c o t t o n fr o m th e U n ite d S ta te s th e p a st w e e k h a v e
r e a c h e d 7 4,7 81 b a l e s . T h e s h i p m e n t s i n d e t a i l , a s m a d e u p
fr o m m a il a n d te le g r a p h ic r e tu r n s , a re a s fo llo w s :
„
_
„ ,,
,
Total bales.
N e w Y o r k —T o L iv e r p o o l, p e r s tea m er B o r ic , 7 5 8 ..................
758
T o M a n ch ester, p e r stea m er H o lb e in , 579 8ea I s la n d ...........
579
T o H a v re , p e r stea m er L a N orm a n d ie, 4 0 u p la n d an d 25
Sea I s la n d ......................................................................................
65
T o B rem en , p e r s tea m e r T ra v e . 1 3 7 ...................................”
137
T o H a m b u rg , p e r stea m er P h oen icia , 2 0 0 ..... ............... . . . . .
200
T o A n tw e rp , p e r stea m er B ritish Q ueen, 1 5 0 ......................” [
150
T o G efle, p e r stea m er P ola rstjern a n , 1,000......................... " " "
i OOO
T o G en oa, p er stea m ers Saale, 7 5 0 (tn oln d in g 6 68 rou n d
’
co u n te d as 3 3 4 )___ S em p lon e. 2 0 0 .....................................
950
T o N a ples, p e r stea m er T a rta r P rin c e , 8 9 ....................
89
T o V en ice, p e r stea m er P a w n ee, 4 1 4 .................................
414
N e w O r l e a n s —T o L iv e r p o o l -M a r c h 7—S team ers J am a ica n
3 ,9 8 0 ; N a v ig a to r, 1 ,9 5 5 .........................................
5 9 ?5
T o B e lfa s t—M a rch 6 —S tea m er G len a rm H ea d , 1 ,1 6 7 ...........
l ’l 6 7
T o H a m b u rg—M a rch 7—S tea m er H isp a n ia , 7 3 0 .................. ..
’ 730
T o A n t w e r p -M a r o h 4 -S t e a m e r A ra b ia n Prlnoe, 1,472 "
1 472
T o C op en h a gen —M a rch 9 —S tea m er L ou isia n a, 200
’
M a rch 10—S team er F lorid a , 2 ,1 8 5 ...............................
" 2 385
T o O p o r t o - M arch 8 —B ark G ly cin la , 5 0 0 .................[
500
T o B arcelon a -M a r c h 3 —S team er M ig u el J o v e r , 5,648*........
5 648
T o M a la ga —M aroh 3 —S team er M iguel J o v e r , 1 ,0 0 0 ...........1, l ’ o o o
T o T rieste— M arch 8 —S team er G len m orv on , 9 7
'9 7
T o F lu m e - M aroh 8—S tea m er V ien n a , 1 0 0 ................... ” .........
100
T o G e n o a -M a r c h 8 -S te a m e r s G len m orv en , 1 ,9 0 0; Vienna"
2 ,4 0 0 .........................................................................................
* 4 gnu
T o V en ice -M a ro h S—S team er V ien n a , 5 0 0 ...........
................ jq q
G a l v e s t o n —To L iv e r p o o l—M aroh 3 —S tea m er T raveller,"!! 747
M aroh 4 —Steam ers D om ln lo, 3 ,2 9 3; M ex ica n , 4 ,0 9 0
13 130
T o H a v r e -M a r o h 2 —S team er E u rop e, 2 ,2 2 4 ...............
2 224
T o H a m b u r g —M arch 4 —S team er A n tillia n , 1 ,9 4 3 ...." .”
l ’ 943
T o R otterd a m —M a rch 4 —S team er A sia, 1 8 0 ___ M aroh 8 ’
S tea m er S tra th cly d e, 5 4 9 .................................................
729
T o V era O rnz—M aroh 2—S team er E lla , 3 ,1 4 7 ..” " " " "
3 147
Co r p u s Oh r is t i , & c.—T o M e x ico , p e r ra ilroa d , 3 4 7 .” ” ” ” ! ”
’ 347
8 a v ^ n ^,a ? —T o B a r c e lo n a —M arch iO —S team er B eatrice,"5",538 5,838
T o T rie s te —M a rch 1 0 —S team er B ea trice, 2 0 0 ...................
200
B r u n s w ic k —T o L iv e r p o o l- M ar. 4 —S team er F oy lom ore, 3i853 3 853
Oh a r l e s t o n —T o L iv e r p o o l M aroh 7—S team er V eva , 2 0 0 u p ’
land and 2 0 Sea Isla n d ................................................................ ..
220
N o r f o l k —T o L iv e r p o o l—M aroh 6—S team er M a p lem ore.’s . 407
3 407
T o H a m b u r g - M aroh 8 —S team er L ea u d er, l o l .................
’ l5 1
B o sto n —T o L iv e r p o o l—F eb . 28—S team er Lancastrian", 828
M aroh 1 -S t e a m e r N ew E n g la n d , 5 ,7 5 4
................ 6 582
T o Y a rm ou th —M arch 7 —S tea m er B oston , 148
14s
I lii/r m o R K —T o I.iverpuol- M ar. 8 —S tea m er U lsterm ore, 399”
399
T o B rem en —M aroh 4 —S team er W eim a r, 221
M aroh 9 —
Steam er D resden, 6 2 2 ....................................................................
043
T o R o tt e r d a m -M a r o h 7—Steatnt r U rhlno, 5 0 0 ."JJJJ."...........
500
P h i l a d e l p h i a —T o L iv e r p o o l—B\ib. 2 7 —S tea m er P e n n la n d ,7 2 i
721
S an F r a n c is c o - T o J a p a n —M a roh 9 —S team er G a elic, 2 ,0 2 3 ...
2,023
T o C hina—M arch 9 —S tea m er G a elic, 2 0 0 ..................’
’200

T o t a l . . . . 3 6 .7 5 1

..........
2 ,2 8 9

4 ,0 0 4

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

....
148
......
......
200

2 ,0 2 3

3 ,5 5 8
6 ,7 3 0
1 ,7 4 2
721
2 ,2 2 3

6 ,2 3 6 1 9 ,6 3 6

151
.....
843
......
.....a

3 ,8 4 2

2 ,0 2 3

7 4 ,7 3 1

......
......
5 00
......
..........

To Japan since September 1 shipments have been 68,700
bales rrom Paoifio Coast, 15,073 bales from New Orleans,
13,980 bales from Galveston and 200 bales from New York.
Cotton freights at New York the past week have been
as toilows.
M on .

1 S atur.

This statement shows that up to Fobruary 28 the receipt8
at che ports this year were 199,485 bales less than in 1897-98
and 1,261,823 bales greater than in 1898-97. By adding to
the totals to Feb. 28 th6 daily receipts since that time we
shall be able to reach an exact comparison o f the movement
fo r the different years.

T o. Fb. 29 7 ,225,932 7,425,417 5,9 6 4,10 7 4 ,476,998 6 ,7 1 8.24 3 5 ,218.723
10,559
20,334
M o h .l....
14,006
8.
17,9 56
9 ,0 2 2
i< 2 . . .
7,097
24,37<
13,9 24
17,46
20,6 63
8 ,983
“
3 . . . . ' 15,929
18 099
14,993
8.
9,952
8 ,185
“
4 ....
16,848
30,958
9,685
13,4 59
21,281
8
44 5 . . . .
S.
12,888
9,313
2 8,0 62
20,262
13,150
“
6 ....
15,011
8.
12,729
17,010
15,086
12,013
12,5 65
7 ....
26,5 68
8.
8,056
15,408
12,004
12,755
8.
2 4 ,8 0 5
14,829
“
8 ...
19,335
7 ,6 2 4
25,764
11,8 25
14,676
*
» ...
9 ,9 3 7
16,145
17,045
1 7 ,9 0 9
23,4 17
14.392
“ 1 0 ...
13,3 95
8.
8,849

3 ,4 0 7
6 ,5 8 2
399
721
.........

Tues.

W ednes.

T h u rt.

F r i.

1
.101
101
101
L iv e r p o o l.......... .c.
101
....
....
....
....
Do
.......... .d .
....
251
251
2 5!
25
H a v re .................
25)
221
221
25t
221
B re m e n ...............
201
251
221
221
221
H a m b u r g ........... .c.
22f
27tgl
251
251
251
A m ste rd a m ........
251
27hlt
2 7 kit
R o tte rd a m ..........
27hit
2 7 i* t
27hit
401
401
401
401
R eva l, v. H am b .c.
401
301
301
301
D o v . H u l l .. .c.
301
301
G e n o a ..................
2 3t
231
26V
23t
23’
T rieste ................
2 8 ® 301 2 8 ® 3 0 t 28'3>30< 2 8 8 3 0 1 2 8 ® 3 0 l
211
211
A n t w e r p .............
21t
211
2 1t
271
G h e n t,v .A n tw ’p .d .
27t
27 1
27
27)
t C e n ts n e t p e r 1 0 0 lb s .
t W an t b id .

101
25.
20;
221
251
27hd
401
3 0t
25
28 8 3 0 ;
211
271

L iver poo l .—By cable from L iverp ool w e have the follow ingstatem eut of the w eek’s sales, stocks, & o., at th a t port,
F eb. 17.

Feb. 24.

M ch. 3.

Mch. 10

Sales o f th e w e e k ...........ha les
6 5 .0 0 0
4 8 .0 0 0
6 1 ,0 0 0
5 9 .0 0 0
O f w h ic h e x p o r te r s t o o k . ..
3 ,6 0 0
2 ,4 0 0
4 ,1 0 0
4 ,5 0 0
O f w h ic h s p e c u la to r s t o o k
1,000
400
400
700
8 a es A m e r ic a n ..........................
5 9 .0 0 0
4 4 .0 0 0
5 6 .0 0 0
5 3 .0 0 0
A e tn a e x p o r t .............................
18.000
1 0 .0 0 0
1 7 .0 0 0
6,000
F o rw a r d e d .................................. .
7 3 ,0 0 0
6 4 .0 0 0
7 8 .0 0 0
7 3 .0 0 0
T o ta l s to c k —E stim a te d ........... 1 .7 8 4.00 0 1 ,8 0 1 ,0 0 0 1 .7 8 5.00 0 1 ,8 1 2 ,0 0 0
O f w h ioh A m e r ic a n —E stm ’ d 1 .6 7 1 .0 0 0 1 ,6 8 6 ,0 0 0 1 .6 6 3 .0 0 0 1 ,6 8 9 ,0 0 0
T otal Im p ort o f th e w e e k ____
1 2 1 ,0 0 0
9 2 .0 0 0
7 9 .0 0 0
1 0 7 .0 0 0
O f w h ic h A m e r ic a n ...............
1 1 8 ,0 0 0
7 6 .0 0 0
7 0 .0 0 0
9 4 .0 0 0
A m o u n t a flo a t..............................
1 8 0 ,0 0 0
1 9 5 .0 0 0
1 7 4 .0 0 0
1 3 2 .0 0 0
O f w h ic h A m e r ic a n ...............
1 75 ,00 0
1 9 0 .0 0 0
1 7 0 .0 0 0
1 3 0 .0 0 0

The tone of the Liverpool market for spots and futures
each day of the week ending March 10 and the daily closing
prices of spot cotton, have been as follows.
Spot.

Sat 1d a y.

M o n d a y . T u esda y. Wed}d a y . T h u rsd ’y

M a rk et, ) Moderate
1 :45 p . M.J demand. Harden’#.
M id. U p l’ ds.

3 l is

S pec. & e x p .

8 ,0 0 0
500

F u tu res.
M a rk et, i
1 :45 p. m .J
M a rk et, l
4 P. M. $

Quiet.

Fair
business
doing.

31532

31B32
8 ,0 0 0
1 ,0 0 0

Fair
business
doing.

Easier.

31532

1 2 ,0 0 0
1 ,0 0 0

F rid a y .

1 0 ,0 0 0
1 ,0 0 0

3’ is

371S

1 2 .0 0 0
1 ,0 0 0

1 0,0 00
1 ,0 0 0

Quiet at Steady at Steady at Steady at Easy at
partially partially partially partially
fully
1-04 dec.
1-64 adv. 1-64 adv. 1-64 adv. 1-64 dec.

Steady.

Quiet but
steady

Quiet but
steady.

Steady.

Quiet.

Quiet.

Quiet.

The prioes of futures at Liverpool for each day are given
below. Prioes are on the basis of Uplands, Low Middling
olause, unless otherwise stated.
F* The p r ic e s a r e g iv e n i n p e n c e a n d Q lth s.
3 6: \-64kd., a n d 3 01 m ea n s 3 l - 6 4 d .

M a rch 4 to
M a rch 1 0.

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

S a l,

M on.

12i*

1

1 :45

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

d.
3 24
3 24
3 24
3 2.5
3 25
3 25
3 25
3 24
3 23
3 23
3 23
3 23

d.
3 26
3 26
3 26
3 26
3 27
3 27
3 27
3 25
3 24
3 24
3 24
3 25

T ie s .

4

1:45

d.
25
25
25
25
26
26
26
25
24
24
24
24

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

T h us :

W ed.

4

1 :4 5

d.
25
25
25
25
26
26
26
25
24
23
23
23

d.
3 25
3 25
3 25
3 26
3 26
3 26
3 26
3 25
3 24
3 24
3 24
3 24

2 6 3 m ea n

F r i.

T h u rs.

4

1:45

d.
25
25
25
26
26
26
26
25
24
24
24
24

3
3
3
3
3
3
3
3
3
3
3
3

8

4

1 :4 5 4
P.M . P.M . P.M . P.M . P.M . P.M . P. M. P.M . P. M. P.M . P. M. P.M*
3
3
3
3
3
3
3
3
3
3
3
3

3
3
3
3
3
3
3
3
3
3
3
3

3
3
3
3
3
3
3
3
3
3
3
3

d
23
23
23
24
24
24
24
24
23
23
23
23

3
3
3
3
3
3
3
3
3
3
3
3

d.
23
23
23
23
24
24
24
23
23
23
22
22

3
3
3
3
3
3
3
3
3
3
3
3

23
22
22
23
23
24
23
23
22
22
22
22

3
3
3
3
3
3
3
3
3
3
3
3

d.
22
2Z
22
23
23
24
23
23
22
22
22
2t

B R E A D S T U F F S .

F r id a y , March 10, 1899.
Only a limited volume of business has been transacted in
the local market for wheat flour, bat at the West mills have
reported business as fairly good, with quotations well
maintained, claiming that values for cash
wheat
Total................................................................................ 74,781 in the interior have not followed the decline in

THE CHRONLULE.

March 11. 1899.J

futures.
Locally there has been some shading of
priced to market supplies on the spot, but arrivals have
been firmly held. Citv mills have been quiet and easier.
The demand for rye flour has been quiet, but as offerings
have been light, values have been firmly maintained. Buck­
wheat flour has been quiet but steady. Corn meal has had a
fair sale and values have held steady, despite an easier mar­
ket for the grain.
Speculation in wheat for future delivery has been withont
spirit as the trading has been largely in the way of liquidating
outstanding contracts, and there has been a gradual weaken­
ing of prices. The statistical position has not been of a
nature to encou'age longs, the heavy world’s shipments, as
reported at the opening of the current week, especially hav­
ing a depressing influence; foreign advices also have been
against an improvement in values, as has also a full
movement of the crop in the interior and generally
favorable weather conditions at the West.
Advices
from California, however, have complained of drought and
there were reports of darntge to the Argentine crop by ex­
cessive rains; these factors have haul a tendency to hold the
downward tendency to values in check to some extent, as
has als > an unproved export demand at the decline in prices.
Thursday there was a stronger tone to the market. The liquidation'by longs appeared to have subsided and on crop
damage reports from the West and a demand from shorts to
caver contracts, prices advanced
Badness in the
spot market has been more active, as exporters have been
fair buyers at the lower prices ruling. To day the market
was
easier
under general
selling, prompted
by
expectations that the Government report will show
large reserves
In farmers’ hands,
weaker foreign
advices and reports of a free movement o f the Argentine
crop. On the curb subsequent to the receipt of the Govern­
ment report prices declined to 7-4&<>t74?4'o. for May deliv­
ery, due to the report showing large reserves in farmers’
bands, larger than nad been expected. The spot market was
quiet, the sales "for export here and at] outports were 48,000
bushels.
n x i .l t
Cash
M ar.
M ay
J u ly

o l o s o o p b jo e *

wheat f. e , b ___ . . . .
d e liv e ry to ele v . . . .
d e liv e ry to e le v . . . .
d e liv e ry to e le v . . . . .
DAiX>r CLOSXNfJ

M a y d e liv e ry to e le v . . . . .
J u ly d e liv e r y to e le v . . . . .

o r s o . 2 u d w tstee b V k w t O B
Sat.
I f GW Tuet
.
Wed
T h u rt.
84 A
«3q
84
85
64 q
825 .
8*2%
92%
82q
3 1%
7*5%
77
764 .
TAW
70
n \
75>|
73 *
745.
74
o r s o 2 sPKSSi i s O H l C i G O .
Mon.
Wed
T h u rt.
Tuts.
Sat.
7oq
725*
7 2'-,
71V
71%
707,
70%
71
6 9 s*
70V

K .
rvt.
8 3 ",
81V
75V
7 3 ’,
Fri.
70%
69<«

485
GRAIN.
C o rn , p e r b u sh —
o.
t
o.
o.
Western m ixed........414 9444
8 4 V »8 6 5s
S 0 5 j* 8 2 4
N o. 2 m ix e d ................. 4 1 4 3 4 4 4
Western Yellow... ...44 3 4 5 4
80V ® S34
80% »82^
Western White................ ® ___
324935
B ye3ft 3 3 9 4
W e ste rn , p e r b u s h . ..5 8 9 6 6 4
S ta te and J e r s e y .. . .. 6 2 9 6 6
3349344
B a r le y —W e s t e r n .......... 5 0 9 6 2
3643374
F e e d i n g .........................N om in al
D e p a r t m e n t ’s R e p o r t o x C e r e a l S t o c k s ,

W heat—
H a rd D u lu th , N o. 1
N ’th ’n D uluth. N o. 1
R e d W in te r. N o. 2 ,.
H a rd M an.. No. 1 . .
D a ta —M ix ’ d , p e r bah.
W h i t e _____ _____
N o. 2 m ix e d .............
No. 2 white...........
A

g r ic u l t u r a l

—The Agricultural Department’s report on cereal stocks,
&c., w a s issued on March 10 as follows :
T h e c o n s o lid a t e d re tu rn s o f v a r io u s o r o p -r e p o r tln g a g e n c ie s o t th e
D e p a r t m e n t o f A g ricu ltu re s h o w th e a m o u n t o f w h e a t re m a in in g in
f a r m e r s ’ b au d s o h M a rch 1 t o h a v e b e e n th e e q u iv a le n t o f 2 9 3 p er
c e n t o f la st y e a r ’s cr o p , o r a b o u t 1 9 3 ,0 0 0 ,0 0 0 b u sh els. T h e co r n In
f a r m e r s ’ b a n d s , as e stim a te d , a g g re g a te s 3 0 0 ,5 0 0 .' 0 0 bu sh els, o r 41 8
p e r c e n t o f la st y e a r 's c r o p , a ga in st 7 8 2 ,3 0 0 ,0 0 0 b u sh e ls, o r 4 1 -8 p, o „
o n h a n d M a rch 1 ,1 8 9 8 , a n d 1 6 4 ,0 0 0 ,0 0 0 b u sh els, o r 5 1 p o. o n M a rch
1 ,1 8 9 7 . T h e p r o p o r t io n o f th e t o ta l o r o p s h ip p e d o u t o t the c o u n t y
w h e r e g r o w n is e stim ated a t 2 ir 6 p e r ce n t, o r a b o u t 3 9 6 ,0 0 0 ,0 )0 b u sh ­
e ls. T h e p r o p o r t io n o f t o ta l o ro p m e rch a n ta b le 1# e s tim a te d at 32 2
p e r ce n t. O f o a ts th e re a re r e p o r t e d t o b e a b o u t 2 8 3 ,0 0 0 ,0 0 0 bnshels.
o r 33-7 p e r ce n t, s till In fa rm e rs ' b a u d s,a s co m p a re d w ith 2 7 2 ,0 0 0 ,0 0 0
b u s h e ls, o r 3 3 - p e r c e n t, o n M arch 1, 1 3 9 '.

As of interest in connection with this report we give below
a statement covering the stock of corn on March 1 for a
series of years as nude up by us from the. Agricultural
Department's figures.
Co r n .

|

c b , 1 9 3 3 ..
1334 .
1 8 8 5 ..
1 8 8 0 ..
1 8 8 7 ..
1-338..
1 8 3 9 ..
1 8 9 )..
1 8 9 1 -.
1 8 9 2 ..
1 8 9 3 ..
1 8 9 4 ..
1 8 9 5 ..
1 8 9 0 ..
1 3 9 7 ..
1 8 9 8 ..
1 3 9 9 ..

P rod uct o j
p rev io u s y ea r.
B ushels.
1 .0 1 0 ,9 9 6 ,1 0 0
1 ,5 5 1 ,0 6 0 .8 9 5
1 ,7 9 5 ,0 0 0 ,0 0 0
1 ,9 3 6 ,0 0 0 ,0 JO
1 .0 0 5 .0 0 0 ,0 0 9
1 ,4 5 6 .0 0 0 ,0 0 0
1,9 8 8*0 0 0 .0 00
2 ,1 1 3 ,0 0 0 .0 0 0
1 ,4 9 0 ,0 0 0 ,0 0 0
2 ,0 6 0 ,0 0 0 .0 0 0
1 ,6 2 8 ,0 0 0 .0 0 0
1 ,6 1 9 ,0 0 0 ,0 >0
1 ,2 1 2 .7 7 0 .0 5 2
2 ,1 5 1 .1 3 3 .5 3 0
2 ,2 8 3 .8 7 5 ,1 6 5
1 .9 0 2 ,9 6 7 ,9 3 3
1,9 J 4,18-4,600

On hand
March 1.
B ushels.
P e r cent.
5 8 7 ,4 6 5 .9 4 3
3 3-7
5 1 2 ,2 2 4 ,0 0 3
3 3 -0
6 7 5 ,0 0 ),0 0 0
37 6
7 7 3 ,0 o 0 ,0 0 0
39*9
6 0 3 ,0 3 0 ,0 0 0
36*2
5 0 3 ,0 0 3 .0 0 0
34*9
7 8 7 ,0 0 0 .0 0 0
39*6
9 7 0 .0 0 0 ,0 0 0
45*9
5 4 2.0 >0.000
36*4
3 6 0 ,0 0 0 ,0 0 0
41*8
6 2 7 ,0 0 0 .0 0 0
385
5 8 6 .0 0 0 ,0 0 0
36 2
4 7 5 ,5 6 4 ,4 5 0
39*2
1 .0 7 2 ,0 0 0 .0 0 0
49*8
1 ,1 0 4 ,0 0 0 ,0 0 0
51*0
7 3 3 ,0 0 0 ,0 0 0
41*1
8 0 0 ,5 0 0 ,0 0 0
41*6

C onsu m ed
o r d istrib u ted .
B u s b elt,
1 .0 2 9 ,5 3 9 ,1 5 7
1 ,0 3 9 ,8 4 2 .8 9 2
1 ,1 2 0 ,0 0 0 ,0 0 0
1 .1 6 3 .0 0 0 . 0 0 0
1 .0 6 2 .0 0 0 . 0 0 0
9 4 8 .0 0 0 . 000
1 , 2 0 1 , 0 0 0 ,0 0 0
1 ,1 4 3 ,0 0 9 ,0 0 0
9 4 8 .0 0 0 . 0 0 0

1 , 200 , 000,000
1 .0 0 1 .0 0 0 ,0 0 0
1 ,0 3 3 ,0 0 0 .0 0 0
7 3 7 ,2 0 5 ,8 0 2
1 ,0 7 9 ,1 3 8 ,5 8 0
1 .1 1 9 .8 7 5 ,1 8 5
1 ,1 1 9 ,9 6 7 ,9 8 3
1 ,1 2 3 .6 8 4 ,6 6 0

The stock of wheat on March 1 for the past 17 years is
Bhown In the subj ined table.
WitK.iT.
M aroh, 1 8 8 3 ..
”
1 8 3 4 ..

P rod u ct o f
p r e e ir u s y ea r.
B ushels.
SO 1.1 * 5 .4 7 0
4 2 1 ,0 9 8 ,1 6 0
5 1 2 .7 6 5 .0 0 0
3 5 7 .1 1 8 ,0 0 0
4 5 7 .2 1 8 ,0 0 0
4 3 6 ,3 2 9 ,0 0 0
4 1 5 ,8 6 8 ,0 0 0
4 9 0 .5 6 0 .0 0 0
3 9 9 ,2 6 2 ,0 0 9
6 1 1 ,7 -0 ,0 0 0
5 1 5 ,0 4 9 ,0 0 0
3 9 6 ,1 3 2 ,0 0 0
4 6 0 ,2 6 7 ,4 1 6
4 6 7 ,1 0 8 .9 4 7
4 2 7 .6 3 4 ,3 4 7
5 3 0 ,1 4 9 .1 8 8
6 7 5 .1 4 8 .7 0 S

On b a n d
M arch 1.
B ushels.
P e r cen t.
1 4 3 ,0 0 0 ,0 0 0
28*4
1 1 0 ,0 0 0 ,0 0 0
28*3
1 6 9 ,0 0 0 ,0 0 0
330
1 0 7 ,0 0 0 .0 0 0
30*1
1 2 2 ,0 0 0 ,0 0 0
26*7
1 3 2 ,0 0 0 ,0 0 0
28*9
1 12 ,0 0 0 .0 9 0
26*9
1 5 6 .0 0 0 ,0 0 0
319
1 1 2 ,0 0 0 ,0 0 0
23*2
1 7 1 ,0 0 0 ,0 JO
28*0
26*2
135 0 9 0 .0 9 0
1 1 4 ,0 0 0 ,0 0 0
28 '8
7 5 ,0 0 0 ,0 0 0
1*1*3
1 2 3 .0 0 0 ,0 0 0
26 3
8 8 ,0 0 0 ,0 0 0
20*6
1 2 1 .0 0 9 .0 0 0
22*9
1 9 3 ,0 0 0 ,0 0 0
29*3

C onsu m ed
o r distributed.
B ushels.
3 6 1 ,1 8 5 ,4 7 0
3 0 2 ,0 6 8 ,1 6 0
3 4 3 .7 6 5 .0 0 0
2 5 0 .1 1 2 .0 0 0
,3 3 5 .2 1 8 ,0 0 0
3 2 4 .3 2 9 .0 0 0
3 0 3 .8 6 8 .0 0 0
3 3 1 .5 3 0 .0 0 0
2 8 7 .2 6 2 .0 0 0
1 1 0 .78 0 .0 0 0
3 6 0 .9 4 9 .0 0 0
2 8 2 .1 3 2 .0 0 0
3 » 5 ,2 8 7 ,4 1 6
3 4 4 ,1 0 2 ,9 4 7
3 3 9 ,6 8 4 ,3 1 7
4 0 9 ,1 4 9 ,1 6 8
4 7 7 ,1 4 3 ,7 0 5

*’
1 8 8 5 ..
Indian eorn futures have been quiet and early in the
”
1 8 8 0 ..
week there was an easier tarn to the market. There has
”
1 8 8 7 ..
been some selling by longs to liquidate their accounts. The
“
1 8 8 8 ..
visible supply showed a larger increase than was generally
”
1 9 8 9 ,.
*’
1 8 9 0 ..
expected, and this, together with the weakness in wheat,
”
1 8 9 1 ..
prompted selling by longs. Subsequently, however, on very
’•
1 8 9 2 ..
moderate receipts in the interior and an improved export
’*
1893 .
’*
1894 demand.tbere developed a steadier tone*and price* advances!.
•
*
1 8 9 5 ..
Business in the spot market has been fairly active, as ex­
•
•
1 8 9 0 ..
porters have been buyers; prices have been easier, as the
•
’
1 8 9 7 ..
premiums have narrowed. To-day the market was easier.
•
•
1 8 9 8 ..
•
*
1 8 9 9 ..
The Government report showed larger reserves in ? irtners
hands than expected. The spot market was fairly active.
The movement o f breadstuffs to market as indicated in the
The salee for export here and at outports were 2«.’»,000 statements below Is prepared by us from the figures col­
bushels.
lected by the New York Produce Exohange. The receipts at
Western lake and river ports for the week ending Mar. 4, and
DAiLT CLOSISO PRICKS OV SO. 3 MIXED CO a s i » N E W v o r k .
since Aug. t for each o f the last three vears. have been:
Sat
Mon. T u n
w*d.
T h u rt.
/n

OM h
M *r.
Mat
J u ly

c o m f. 0- b . . .............. 4-5%
44 q
u%
d e liv e r y in e’ e r ....... 4 2 1 .
42%
12%
d e liv e ry In e i e r ___ t m
40%
40%
d e liv e r y t o e l e v . . . . . 41 >*
40’ ,
40’ ,
DAILT CtOSfflO PRICK* OP SO. 2 SIX ED COES
Sat.
Mon.
Tun.
35 N
M a y d e liv e r y to e le v ___ _ 3 6 *,
34*,
J u ly d e liv e r y In e l e v . . . . 365 ,
38
30
8 ep t. d e liv e ry to e l e v . . . . 37 q
36%
385,

4 I> ,
44tg
4 2%
42%
40%
40\
40%
4 iq
IS C H I C A O O .
Wed.
T h urt.
35%
36 q
30
30%
36q
37%

44 q
42 q
40%
40’,
Fri.
3 5%
36%
30’,

Oats for future delivery at the Western market has been
quiet, and prices have been easier. The downward drift to
values was most pronounced early in the week, when a full
movement o f the crop and sympathy with the weakness
in other grains had a depressing influence. Thursday
there was a slight recovery in prices on limited baying,
stimulated b y a good cash trade. The !o;al s p o t market has
b e e n fairly active, but it has been at lower p r i c e s .
To-day
the market was qniet and easier.
DAILT CLOSIX® PRICE* O f OATS IS N K W W O R K .
M on.
Tues
Wed.
Thurs.
Mo. 2 m i r e d i n e l e v . . . . . . 3 4 4
34
34
33 q
3 3%
Mo, 2 w h ite to e l e v . . . . . . . 37
38 q
3 » 's
30
36 q
DAILT CI.OMSG PRICES OP SO. 2 MIXED OAT* IS C H I C A G O
Sal
M on.
Tues,
Wed. Thurs.
M a r d e liv e r y to e l e v . . . . 2 7 ’ ,
27%
27%
27q
27 q
J u ly d e liv e ry to e le v ........ 2 6
25%
asq
2r> q
25%

15
35
80
60
10

92
92
92
93
33

30
45
60
00
35

P a ten t, w i n t e r ........93 7 0
C it y m ills, e x t r a s
4 30
R ye flour, a n p erflne 3 25
B u ck w h ea t f l o u r ... 1 9 0
C orn m e a l 9 r M g b ts,,,............ 3 40 S 3 5-5
W eeten i, e tc. . . . . 2 0 5
P a te n t, Bprtn g ....... 3 75 a i 50
B ra n d y w in e _____
2
1W h e a t Bo o t in sacks s ells at o rioes b elow th ose fo r b arrels

94
94
93
92

) ( l o u o .. .
Mllwnnkaa
D a la th ........
tflnneapoila.
T oledo..........
D atroit____
Cleveland ...
3t. Loata —
* aorta..........
Kanaaa City.
T«H.wk.W.
wk.*fl0,
-Same wk.‘P7.
SinetAug. 1.
........

V OJ T
X TS .

Wheat.

Cbm.

Oat #.

j

1D7.377
UI.42I
12S.P0S

3.409,611
2,744.706

4.955.591
6.405 230
3,738.19.*

S, 503,318
S3'3.S7I
2,722.016

F ri
27 q
25 >4

_
.
flour,
W rw itf
Corn,
R tcH p U a lbhl*.
bwtK
Y ork....... 141.495
504.000 47237$
S o#ton....... .
47.0M
114243
661,051
M ontreal...........
5,713
0,010
Philadelphia........ .. ijOjMZ
90,141
810,029
BaitUnoro. . . . .....
60,OtM
$9.7«0 1,437,1*5*
Rlohxncmd. . . . . . . . . .
*,®8i
11.084
31.604
Sew Orleans*.......
14.77:1
334,600 776,026
CharUwtoo... . . . . . .
510
.......
Newport N «w «........
60,826
........ .
192.847
N orfolk ....................
?,S7*
......
132.616
fja lra a ton ........ . . . . . . . . 901.000
62,000
Portland. Mo . . . . . . .
I% fl9
142,791 11*577
Pen««M3ola...................
0.2
iS66,009. . . . . . .
Mobile..........
3,020
60,000 110.700
3V.John.Sf. B ........
3,312
06.301
01,304

9 2 15

j

yt.

384.056
827.370
560,013

178,525
100,581
91,419

1
9.604 221 200.076.048 140.9T3>»2i 111 129,290 3O.6J0.r21 8.372,056
6.921.476 171.010X07 W7.050.172jm880.OSl 23.000.919 9,177.4*7
7.478.7D2J 122JHNU9$ 100.714,4001116.633.006 81.877,050 5,763.10®

d m sn .........

05
55
60
00

Rarity.

BDU.196UM Bush.600* ButhMUbt Bush.XUbt Buth.iiUbt Du. 56 lb».
i« .4 m
9m.3M
Mlt.SOOj 1,017,250
23S.05O
07.400
to & o
205,100
72.250
218.4)0
87,550
30.950
1-SJ50
9Jd.75d
330.788
40637b
17.030
36.068
1,471
263,610
310.100
1*2.927
662.0S71
1U ^
74300
26 500
6,05:’
4“331
p i ^ oi
13.000
5,00)
5,886
27.*«4
1M.V10
110,991
rr,*4Q
8Q£94
290.496
174,6*1
3.750
15,40)
9.740
4JM
800.600
126.400
14.250
5.40)
401.000
141.000)
59,000

Sr\
33 q
36 q

Bye has been quiet and lower prices have bien quoted for
forward shipments from the West. Barley has been dull
but steady.
Following are the closing quotations :
k t o # .................... . . . . 8 2
B a p e r fia e ........... . . . 2
K x tr » , No. 2 ........... 2
® * U * . Mo. 1 . . . . . . . 2
B akers’ e x t r a . . . . . . 3

Uctipit at—

The receipts of flour and grain at the seaboard ports for the
week ended Mir, 4, 1899, follow:
OaU,
bush.

003,000
118.8451

38.160
130,078
00,078
9.370
60.600

B arley,

bush,
2S.475

30,000

' 1.686
10.800

14.400

06

68,280

7,000

21103

75.042

8,301

Total weak........ i ' 4.393 1,60*,453 4. 8 M.118 1, 197,0(13
43.003
132 26 a
* e o k 1806........ .
*79487 2 .371.297 4,370,71 L 1,530.812
01,339
162.004
<t«celpt4 do not laolude gram pa>«io« Vhrocun New Orleans Cor coreira
»rt§ on throcorb MUP o f lading.

THE CHRONICLE.

488

T o t a l r e c e ip ts a t p o r ts f r o m J a n . 1 t o M \ r. 4 c o m p a r e

Wheat.......

C ora ............
Oats.. . ......
Harley.........

Rye.............

1898.
3 .607.503

1899

Receipt* Of—

.. . b oih . 22 .3 S9.400
. . ..
*
30.303.586
. . .. "
9 .346.263
. . .. »
•
925,969
....
•
•
1.808.690

Total g r a lo.. ..
....

•
*

64 ,712.916

1807.
3 ,046,014

1896 .
2 , 722.064

13 401,835
37 ,496.722
18 ,827,198
1,280.493
2,517,742

8 ,721,224
40,486.877
9 ,006,403
1, 730.008
1,047,017

2 ,404.293
18,410,181
0,000,680
997,018
109,699

73. 60 I.3 SO

60 .051.189

23. 1O .7 P
7 0

a n y lo w e r . I n th e o v e r c o a t in g a n d c lo a k in g d iv is io n a q u ie t
m a r k e t is n o te d .
W o r s t e d d r e ss g o o d s a r e v e r y fir m w it h
c o t t o n - w a r p m a k e s f u r t b e r a d v a n c e d 10 p e r c e n t.
F la n n e ls d u ll. B la n k e t s in f a ir d e m a n d .
D o m e s t ic C o t t o n G o o d s .— T h e e x p o r ts o f c o t t o n g o o d s
from th is p o r t f o r th e w eek e n d in g M a r c h 6 w e r e 1,717
p a c k a g e s , v a lu e d at $105,528, th e ir d e s t in a t io n b e in g to the
p o in ts s p e c ifie d in t h e t a b le s b e l o w :
1899.

T h e e x n o r te f r o m th e s e v e r a l s e a b o a r d p o r ts f o r th e w e e k
e a d ib g M a r. 4, 1S99, a r e s h o w n In th e a n n e x e d s t a t e m e n t :
Corn
Flour,
Wheat,
Export %from - buth.
bush.
bbls.
126014
New York...... CB8£09 624,711
68,965
B o sto n ... . . . . . 134,021 299,686
12.919
Portland. Me. 142,781 119,677
84.713
Philadelphia.. 140.160 823.709
92,070
Baltimore...... 260,261 1,009,f 83
18. OPS
New Orleans.. 613,8^8 874.600
2.878
189.810
192,867
00.3*0
Newp’rt News
13,328
77,285
Galveston — 654.964
20
Charleston-.-.
0.23*
50,000
Pensacola....
2,0.0
00,000 110.700
M obile...........
2,312
61,291
9t. Jobn.N . B. 95.801

Rye,
Oats,
bush.
bush.
31,133
168.468
30.000
23,103
111,709
55,000
8,671
50

Peas,
bush.
982

B a riev
bu$h.
24,976

’ 50,922

New Y ork

32.*81

W est lndieu........
Br.N . A m . C olo’ s
O ther cou n tries..

24.82*
2,M »
18,020

150,774
181,040

60,294
93,003

T h e v is ib le s u p p ly o f g r a in , c o m p r is in g t h e s to o k s it
g ra n a r y -a t th e p r in c ip a l p o in t s o f a c c u m u la t io n a t la k e a n d
sea b o a rd p o r ts , M a r. 4, 1899, w a s as f o l l o w s :

a flo a t...
Do
Albany.

Do

Barie t ,
hush.
0
H,00o
5,000
518 i 0

222 0

25.00°

908,000
4,600,000

1,511,00°
3,958,( 00
1,00U
M8.000
1,804,0°e

405.0°
137.000
3.0* ”
258,000
205,O U
U

1,178,000

77,000

2,000

301,000

464.000

2,0(0

15.000

3,000

1,141,000
34,000

afloat..

11P.000
1,6.38.0°*'
267,000

206,000

2.000

50,000
15,000

24,000

103,000

3,666

113,000
2,000
1,000
22,000
105,000
50,000

21,000
7.00C

1.542.000
1.504,000
3.670,000
3,574,000
1,487,000

175,000
44.0* •
208,000
7,87rt,0ii‘
208,000
496,0U\

Milwaukee........

Do
afloat..
Duluth.................
DO

Rye.
hush.
£0,000

86,000
5,000

1,649,000
118,000

afloat..

Do

Oats
hush.
504,000

afloat..

Toledo.............

Do
afloat..
Detroit................
Do
afloat..

Oswego...............

3t Louis.............
Do
afloat..
Cincinnati...........

479,666
75,000
*3,000
451,000
11,000
3,000
804,000
451,000
7,310,000

Peoria...........
Indianapolis..
Kaneas City..
Baltimore......

17,000
1,273,000
750,000
320,000
585.000
1,597,000
2,784,000

59,477,000
9 920,000
SO.ii. 2.000
12 7» 8,000
02 530.euv

T oron to..
Montreal..

61.000
235,000
17,000
287,000
95.000
162,000
30,000
10,000
124,000
2.320,000

33.332,000
31 821,000
41.471,000
26,377,000
14.050.000

10,023,000
9.309,000
13.1*4,000
13,723,000
7,227,000

090,000

On Mississippi River.
On Lakes....................
On canal and river. ..

Total Mar. 5,
(ITotal Mar. 6,
fli'o la lM a r. b .,

THE
N

DRY
ew

Y

ork,

GOODS
F

r id a y

122
59
3 ,9 0 3
1,057
335
130
244
587
137
6 ,5 7 *

5 3 ,2 2 5
200

6 ,5 7 4

53 425

46
625
61
155
654
125
1,717

8 3 .1 2 4

T o t a l.....................................
C h in a , v ia V a n c o u v e r '___

25,077
161.2Si

—----- Wheat.-------- - ---------- Corn.--------Week
Since Sept
Week Since Sevt.
Mar. 4.
1, 1898.
Mar.,4. 1, 1898
bush.
oueh.
bush.
1,315.847 46,882.763 2,318,723 42 089 350
,207,417 2,697,260 45,820,428
1,368,271
3,171
193,390
54.7 65
21.828
465,020
1,200
173,310
357 1.071,077
2,002

Corn
bush.
1,039.000
129,000
0,000
54,000
809,000
11.311 m
3,303,000

Week.

502
142
5 2 ,1 0 9
708
8 ,0 ° 6
2 ,1 3 3
5 ,3 9 5
926
1 ,498
9 ,8 5 3
1 ,8 0 2

8,890

T otal.. ........... 474,091 10.000,775 2.888,121 85.293,722 4.942,639 89.075.150
Total If* 8........... 197.652 8.030,773 1.721,861 71,850.1*7 4 861,252 95.78/,i2j

Wheat
bush.
?,100.000
8.000

1898.

S ince J a n . 1.

20
31

O th e r C o u n tr ie s ......................
8,381

1.693,171
075.850
092.622
127,503
271,510

6«,8£8

8. * C. America.

Week.

G re a t B r ita in ............................
O th er E u r o p e a n ......................

T o t a l..................................... 1,717
* F ro m N ew E n ja a n a m ill DOlnta d ir e c t .

T h e d e stin a tio n o f th e se e x p o r ts f o r th e w e e k a n d s i n c e
S e p te m b e r 1, 1898, is as b e lo w

C on tin en t............

M a r c h 6.

A f r i c a ..........................................
W e st I n d ie s ...............................
M e x ic o ........................................
C en tra l A m e r ic a ......................

76.042

t
Veck Since Sevt.
Export t for
1,1898.
«eeek and $\nce Mar. 4.
bbla.
Sept. 1 to—
obi*.
United Kingdom ?4 '.ISP 6.640 058

to

102

474.091 360,063
197,552 1,104.975

Total week..2,*’8 1.120 4.942.639
game tim e*98.1,i 21,801 4,861,262

[VOL, iiX V Ill

820,000
138,00f
420,00

02,000

82.0CC

2.661,00
2.6'4,u00

736
210
2 0 ,7 4 7
3 ,7 2 9
7 ,2 8 7
5 ,4 1 6
2 ,5 0 2
749
1 .0 8 6
9.2 F 9
1 ,5 0 4

F oreign Dry G oods.— T h e r e h a s b e e n a n im p r o v e m e n t in
t h e d e m a n d f o r f o r e ig n m e r c h a n d is e , p a r t ic u la r ly in d ressg o o d s a n d silk s, b o t h c f w h ic h a re g e n e r a l l y fir m in p r ic e .
R ib b o n s a ls o firm . L in e n s o c c a s io n a l ly s lig h t ly d e a r e r .
B u r la p s v e r y fir m .
I m p o r ta tio n s a n d W a r e h o u s e W it h d r a w a ls i t f D r i f l o o d s

T h e im p o r t a t io n s a n d w a r e h o u s e w it h d r a w a ls o f d r y g o o d s
a t t h is p o r t f o r th e w e e k e n d in g M a r c h 9, 1899, aDd s in c e
J a n u a r y 1, 1899, a n d f o r t h e c o r r e s p o n d in g p e r io d s of la s t
y e a r are as f o llo w s : •
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2,193
1,480
987
13,542

W o o l e n G o o d s . — T h e c o m b in a t io n o f th e W a s h in g t o n
M ills , R iv e r s id e M ills aDd th e F le t c h e r & P h illip s W o r s t e d
M ills as th e A m e r ic a n W o o le n C o m p a n y w a s a n n o u n c e d th is
w e e k . T h e r e a re r e p o r ts t h a t o t h e r c o m b in a t io n s a re u n d e r
w a y , c o v e r i n g th e fin e st g r a d e s o f m e n ’s w e a r, th e lo w
q u a litie s , s u c h
as s a tin e ts a n d w o r s t e d d r e ss g o o d s .
T h e s e h a v e h a r d ly t o l d u p o n b u s in e s s in a n y d ir e ctio n ,'
e ith e r o n e w a y o r a n o th e r . N o n e o f th e c o m b in a tio n s
ca n b e a f a c t o r in th is s e a s o n ’s s itu a tio n , a n d b u y ers
d o n o t a p p e a r t o b e a la r m e d a s t o t h e ir in flu e n c e in th e
fu t u r e . T h is w e e k ’s d e m a n d f o r m e n ’s -w e a r w o o le n s a n d
w o r s te d s h as a g a in b e e n o n a m o d e r a te s c a le a n d w it h o u t
fe a tu r e o f p r o m in e n c e . B u y e r s h a v e n o d if f ic u l t y in p la c in g
th e ir o r d e r s f o r e it h e r s ta p le s o r fa n c ie s , b u t p r ic e s are n o t

in c t J a n , 1

T h e v a lu e o f th e N e w F o r k e x p o r t s f o r t h e y e a r t o d a te h a s b e e n $2,878,866 in 1899 a g a in s t $1,926,363 in 1898.
S o m e la r g e b lo c k s o f 3 -y a r d , 3 J £ -y a rd a n d 4 -y n rd b r o w n
s h e e t in g s h a v e b e e n b id f o r a t o n ly a s lig h t p e r c e n t a g e b e lo w
s e lle r s ’ a s k in g p r ic e s , a n d t h e g e n e r a l r e j e c t io n o f s u c h b id s
s h o w s th e s tr e n g th o f th e b r o w n g o o d s s itu a tio n . T h e r e h as
b e e n a f a ir v o lu m e o f b u s in e s s d o n e w it h o c c a s io n a l a d ­
v a n c e s o f t/gC. r e p o r te d . D u c k s a re fir m a n d f^ c . h ig h e r ic
a f e w m a k e s . B r o w n o s n a b u r g s a ls o fir m b u t q u ie t. T h e r ;
h a v e b een n o f u r t h e r a d v a n c e s in b le a c h e d c o t t o n s
b u t a fa ir b u sin e ss h a s b e e n
done
at
fu ll
p r ic e s .
W id e s h e e tin g s s h o w c o n t in u e d h a r d e n in g t e n d e n c y . C o t ­
to n fla n n e ls h e a v ily s o ld a h e a d a n d s tr o n g . D e n im s a n d
t ic k s in q u ie t d e m a n d b u t v e r y firm . O th e r c o a r s e , c o lo r e d
c o t t o n s fir m b u t q u ie t. K id -fin is h e d c a m b r ic s fir m a t r e c e n t
a d v a n c e . F a n c y c a lic o e s a r e a s a r a le w e ll s o ld u p a n d
m o s t s ta p le lin e s
a re lik e w is e in g o >d c o n d it io n , T h e
d e m a n d is c o n s id e r a b le a n d p r ic e s s t r o n g . S ta p le g in g h a m s
a ls o s t r o n g a n d d r e ss s t y le s te n d in g u p w a r d s .
P r in t c lo t h s
h a v e b e e n in a c t iv e f o r r e g u la r s , b u t fir m a t 2 % c . ; f a i r b u s i­
n ess in o d d s o n th a t b asis.

1 P1,0(0 B
,8

B u sin e ss in c o t t o n g o o d s a t fir s t h a n d s h a s k e p t u p w e ll
d n riD g th e w e e k , b u t a c t u a l re s u lts are s till c r a m p e d to
so m e e x t e n t b y th e s m a ll s t o c k s o n h a n d a v a ila b le f o r q u ic k
d e liv e tie s a n d b y c o n t in u e d in d iffe r e n c e o n th e p a r t o f s e ll­
ers in r e g a r d t o b id s f o r f o r w a r d d e liv e rit s. T h e la t t e r
fe a t u r e is m oBt m a r k e d in p la in b r o w n a n d g r e y c o t ­
to n s , o n w h i c h th e m a jo r it y o f m ills a r e a lre a d y w e ll
s o ld a h e a d . I t is tr u e th a t m a n y o f th e se m ills a re
n o w w o r k in g o v e r -t i m e , b u t th e r e a re n o in d ic a t io n s
o f s t o c k s a c c n m u la t in g in a n y q u a r t e r . B o th p la in a n d
f a n c y c o t t o n g o o d s c o n t in u e v e r y firm .
T h e la tt e r p a it o f
th e w e e k h as b e e n c o m p a r a t iv e ly fr e e f r o m a d v a n c e s in
p r ic e s , b u t th e im p r e s s io n is g e n e r a l t h a t a s till h ig h e r ra n g e
o f p r ic e s w ill b e r e a c h e d b e fo r e th e u p w a r d m o v e m e n t is
fin a lly a rre ste d . A la r g e j o b b i n g d is t r ib u t io n is r e p o r te d
th r o u g h o u t th e c o u n t r y a o d s t o c k s a r e lig h t in s e c o n d h an ds.
T h e fo r m a t io n o f th e A m e r ic a n W o o le n C o m p a n y a n d r u m o r s
o f o t h e r c o m b i n a t i o n s h a v e b e e n th e c h i e f fe a tu r e o f th e
w o o le n g o o d s d iv is io n , in w h i c h b u s in e s s in m e n ’s -w e a r f a b ­
r ic s h as c o n t in u e d o f in d iffe r e n t v o lu m e o n ly .

8

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March u, •
I

t *T £

j

THE CHRONICLE.

AMS CiTY P g fA flT M g flT ,
TERMS OF SUBSCRIPTION.

The I nvestors ’ S upplement w ill be fu rn ish ed without
axtra charge to every annual su bscriber o f the C o m m ercial
and

F in an cial C h ron icle .

The State and C it y S upplement w ill also be fu rn ish ed
w ith ou t extra charge to every subscriber o f the C h ron icle .
The Street R a il w a y S cpplement w ill likew ise be fu r ­
nished without extra charge to every subscriber o f the
Ch ro n icle .
The Quotation S upplement , issued monthly, w ill also be
furnished without extra charge to every subscriber o f the
C h r o n ic l e .

TERMS for the Chron icle with the four Supplements
above named are Ten Dollars per year wit (tin the United
States and Twelve Dollars in Enrope, which in both cases
includes postage.
Terms o f A dvertising—(P e r Inch Space.)
T ra n sien t m a t t e r (ea ch ttme)Sl 2 0 |T h ree M on th s (1 3 t im e * )..< 2 9 0 0
MAXDtKo BU3DIBSS CARDS.
S ix M on th s
(2 8 t im e e ).. 5 0 0 0
t w o M o n t h s (8 t im e s ) ..—-.8 2 2 0 0 |T w e lv e M on th s (5 2 t im e * ).. 87 00

Alabama —Legislature Adjourn*.—On Feb. 23, 1899, the
Legislature of this State adjourned.
Dover—Englewood, N. J .—Incorporating Act Vne.institu­
tional.—On March 7, 1899, the Court of Errors and Appeals
affirmed a decision of the Supreme Court declaring nnconstitntional the A ct under which Dover and Englewood were
incorporated aa cities
Essex County, X. J —Bill to .-inner Certain Towns.—Set
item under head o f Hudson County.
Hudson County, X. J.—Bill to Transfer Certain Towns.—A
bill has beeo introduced in the Legislature transferring the
towns of Harrison and Kearny and the borough of “East
Newark from this county to the county o f Essex,
Indiana.—[n icest Bill Defeated.—A bill recently consid­
ered in the House, fixing the legal rate o f interest at <&
,
failed, according to the local papers, for want of a constitu­
tional majority.
heduetum in Interest cm Bonds.—The Legislature has
passed a bill reducing the rate o f interest from 6s to Si on
bonds issued for street and sewer improvements under Sec­
tion 2, Acts of 1891.
Hoad Bond Bill,—House bill No. 89(passed by Legislature!,
amending certain sections of the Acts of 1*95. provides that
bonds issued for the construction of gravel roads shall be
payable in forty instalments, one instalment maturing every
six months, and that interest shall not exceed -iV*.
Legislature Adjourns.—The regular session of the State
Legislature ceased on March 4, 1899.
Knng*s.—Ie:ji$iature Adjourns.—On March 8, 1860, the
regular session of the State Legislature came to an end.
Massachusetts.—Bill /W e d (jeer Veto.—T he State Legis­
lature—the House on March 2 and the Senate on March 7—
paaied over the Governor's veto the bill to restore three day*
o f gTaee on sight drafts.
Minnesota.— County Bonds Authorized by House.—The
House has passed a bill authorizing counties to issue bonds
to fund floating indebtedness.
Muhlenberg County, Ky.—Rond Compromise.—The Louis­
ville **Courier-Journal on Feb. 18.1899, stated that Countv
Judge T, J. Sparks and W. A . Wickliffe, an attorney of
Greenville, are effecting a compromise upon the county’s
bonds issued for the Elizabethtown & Paducah Railroad in
18*59. Judge Sparks made the statement that $50,D 0 or
&
$60,000 of the debt was compromised at ten cents on the dol­
lar. The debt, it is stated, amounts in all to about $910,000.
rhe **Courier Journal” said :
r.ianE» “

test there sretwr, mtg ti eots-1*. then* helne
the Debt
*II*n in t® /’ Ofc» I »**r c o t cerntTOHitw with hoia
l>ood» « « M*U* paid, liollor f o r d „l]»r. by ttir

There are a ere*t many jo Arm too. «satn »s Mohtenbem C „ o » i r on t h o o M
’ll MU th e - l e f e :»f;'1 F edor*) ’

tR r o ta h lit* t.iriB«lttT o t m e r i t * tale

'c c t
i

p .a jT » « o t o f t h «

K re e u tio u s IjAVr been

..LI...I

487

Leans A u th orized by Legislature.—The State Legislature
has granted authority to cities, towns, townships, boroughs
and villages to borrow money in anticipation of the collec­
tion of taxes and assessments.
North D.ikota.—Legislature Adjourns.—The Legislative
session came to an end in this State on March 3, 1899.
Pierce County (W ash.) School D istrict No. 10.—Rond
Issue Regular.—On Feb, 28, 1899, Judge Kean in the State
Superior Court decided the “ Buell case” in favor of the
school district, holding that the district had a right to retain
the $ 1,100 forfeit money put up by the successful bidders for
the bonds. The decision was a lengthy one and reviews the
points raised in the trial. The history of the case was given
in the Chronicle on February 25, and the whole case turned
on the point whether the district was within the debt limit
or not when the election was held to validate debt. The
plaintiff contended that the district was within the
limit and that the election was held to make legal a debt
which was already legal. The Court held that there was an
indebtedness in excess of the debt limit and that the election
to validate was therefore regular, and the bonds issued as a
result of tbe election were a valid obligation, and that hence
the district had a right to retain the forfeit money upon the
successful bidders refusing to take the bonds.
Rhode Island.—New Constitution.—The State Legislature
has passed a resolution proposing an amendment to the pres­
ent Constitution in the form of the new Constitution voted
upon last fall, but which was then defeated, as it did not
quit-receive the necessary three fifths vote. The question
must be again voted upon and receive the Constitutional
majority before adoption.
Legislature"Adjourns.—The State Legislature adjourned
on March 3, 1899, until after the spring election in April.
South Dakota.—Legislature Adjourns.—The Legislative
session in this State closed on March 3, 1899.
T eller County, Col.—Hew County Created.—The State
Legislature has passed a bill creating the County o f Teller
out of a portion of El Paso County. The new county will
include the Cripple Creek mining district.
Tennessee,—City Bond Bill Limed by Senate.—The Senate
has passed a bill authorizing municipalities having not less
than 4,000 nor more than 20.000 population to issue and re­
fund water-works bonds. The bill applies, it is stated, es­
pecially to Jackson, Madison County.
Texas.—C o n stitu tio n a l C o n ven tion . —A joint resolution
has been offered in tbe State Legislature calling a constitu­
tional convention to frame a new State Constitution.
Voorhees, N. J .—Borough Created.—The State Legislature
has created the borough of Voorhees out o f a portion of the
township o f Waterford, Camden County.
Washington,—Interest Rate Bill.—Committee approval
has been given to Senate Bill No, 22, establishing the maxi­
mum legal rate o f interest at 10 and to prevent usury; the
bill also fixe* the rate o f interest on public warrants at not
greater than fit.
West V irginia.—The V irg in ia D ebt Q uest io n .— The follow ­
ing letter is from the Secretary o f the committee which is
seeking to induce the State of West Virginia to assume her
part of the old Virginia debt now represented by Virginia
Deferred Certificates.
" E d it o r o f th e F

in a n c ia l

C h r o n ic l e —

"Y ou r issue of the 4tb states th a t:
M,Otiit t a fin a l fla r o f tb *
la tu re that W<?at V ir g in ia

n <J*elarAtiou v m m ad e b y th e L e g is ­
n o th in g t o V ir g in ia o r h e r cr e d ito rs ,

“ I enclose a letter from tbe Clerk of the House, and a telegram from tbe Clerk o f the Senate, stating that no action
was taken after February 23, on which day the Memorial and
Plan of Settlement was presented and ordered to be printed.
The Legislature adjourned on the 25th. Possibly yon have
been misled by the utterance of some one who is "unfriendly
to any proposition in behalf of the owners of certificates.
The committee, o f which Mr. John Crosby Brown is Chair­
man. require less than $750,000 of certificates to make up a
majority, and it is safe to say that tbe balance of holders will
co-operate as soon as they understand the merits of the pres­
ent undertaking.
R obert L, H arrison , Secretary."
Legislature Adjourns.—Tbe State Legislature adjourned
on Feb. 25,1899.

b e t th ere t« n o r - m o n t7,

— f? ? Pjooertjr fo u n d .» , Muhinntwov t'...ir,ty In- ' *L *«
utewtur restated u , attempt to coli any -ju d s s r a * n u „

__ Inconuection with the above a call has been signed by
H, V, U m a # , President of the Louisville Trust Co., a»4
John 8(1 tee, Fresident of the Fidelity Trust & Safety Vault
U>.. inviting all holders of these bonds to meet on March 7,
1399, at the office of the latter company for the purpose of
selecting a committee to take charge of and to pool the
bonds an»l judgments against the county, and to place them
under the control of such committee.
New Jersey .—Bond Bill Defeated.—A bill permitting
mnntcipalittes to fund their indebtedness under resolution
by the Common Council of such municipalities recently met
with defeat in the House. The bill seems to have been de­
feated because the language of some of its provisions was
too broad, and also because too much latitude was given
Common Councils in the sale o f bonds.
City Bonds Proposed —A bill now before the L-gislatnre
allows any ctty to purchase or build a gas plant and to issue
bonds in payment. Another bill permits the issuance of
oonds to purchase or build any street railway.

Bond Calls and Redemptions,
Camden (N. J .) School D istrict.—Bond Call.—W ilbur F.
Rose, Treasurer of Commission o f Public Instruction, has
called for payment April 1,1899, at the National State Bank,
Camden, $75,000 10-20*year (optional) bonds, dated April 1,
1879; $50,000 10-20-year (optional) bonds, dated June 1, 1880,
and $10,000 5-20 year (optional) bonds, dated Jan. 1, 1883.
Clark County ( Wash.) School Districts.— Warrant Call.
—County Treasurer Parcel has given notice that he is ready
to pay outstanding school warrants aa follows :
t v-<, /. $n e x c e p t N • 137: N o. !? , w arrants N os. 7 an«l 8 : N o. 25, w ar­
rant No. 7 : No. *-*> a ll; N o 3 '. w arrant N o. s(l: N o. 47. w arrant* N or . * arid 9 ;
.
No. *pt « u r n » o t s Slew. 31 am i S i ; N o. SO, w arrant N o. S 8 : No. 5 n. w arrants Nos.
313 to
a.n<| 9 s t nn«l 323: No. 71, w arrant* Nos. i t am i 10.

Interest ceased Feb. 20, 1899.
Doniphan School District, Ripley County, Mo.—Bond
Call. —This district has called for payment bonds Nos. 2 and
3 of $1,000 each, bearing 6; interest and dated September.
1897. Bonds will be paid at sight at the National Bank of
Rolls, Mo.

488

THE CHRONICLE.

[V ol . L X Y in .

Braddock (B orough), P a.—Bond Offering.— Proposals
will be received until 7 p. M., March 23, 1899, by R. M. H ol­
land, Chairman Finance Committee, for $81,500 4)4% reser­
voir coupon bonds. Securities are in denomination of $500,
dated Oct. 1, 1698. Interest will be payable semi-annually
at the office of the Borough Treasurer, and the principal will
mature yearly on Oct. 1, as follows: $1,500 from 1899 to
1903, $2,000 from 1904 to 1908, $2,500 from 1909 to 1912,
$3,000 from 1913 to 1917, $3,500 from 1918 to 1921, $4,000
Bond Proposals and Negotiations this from 1922 to 1925 and $4,500 in 1926 and i927. A certified
check will be required.
week have been as follow s :
Bradley County, Tenn.—Bonds Authorized by Senate.—
Adams County (W ash.) School D istrict No. ^8.—
-Bond Road bonds were the subject of a bill recently passed by the
Offering.- This district is offering for sale six $100 bonds.
Ak ron, Ohio.—Bond Offering—The $49,ICObonds described S s D
Bridgeport, Ohio.—Bids.—Following are the bids re­
in the C hronicle on Feb. 18,1899, w ill be sold at public auc­ ceived March 1, 1899, for the $75,000 4% street-improvement
tion at 10 a . M, March 18, 1899.
Alamance County, N. C —Bond* Authorized by Legisla­ bonds:o lte & O . C ln cln ...»7 9,7 77 60 I D en ison , P r io r & Co., C lo v e ..{77,416 00
Tl K le v b
tu re—Road improvement bonds^bave been authorized by Fetter ?H olzm on & fco.,Cinctn. 7V.616 00 L n m p re ch t B ros. Co., C leve.. 77,122 60
S
od
79>66 86 FirBt N at. B ’k, B
Legislature.
. . .
. , We iJi o n M v e sT& .Mkyer.CClncin.. 7s!805 00 i P e o p le ’s N at. B ’k.arneB V llle.. 76,71000
Ha
Sons
leve
B a rn e s v ’e. 7«,876 50
Allegheny Comity, Pa.—Bonds Proposed.—A dispatch BriBKS T o d d & C o .. C ln c ln ... -8,772 50 D ollar Sav. B ’k, B r id g e p o r t.. 76.760 00
frem Harrisburg statis that a bill will be presented in the N. W . H arris & Co., C h icago. 76.136 00 I N ew 1st N at. B ’k, Culum bus. 76,187 60
As stated last week, bonds were awarded to Rudolph
State Legislature providing for the issuance of $3,OCO,OCO 3 6
<
Kleybolte & Co., Cincinnati, at 106’37.
road-improvement bonds.
Bristol, Tenn.—Bonds Authorized.—The Senate has
Amherst, Mass.—Bonds Authorized.—A t the town meet
ing held March 6, 1899, it was voted to refund the $50,000 granted this place the right to fund its floating indebtedness.
The House has authorized the issuance o f $170,000 refunding
town hall bends maturing Jan. 1, 1900.
Anderson, S. C.—Bond Offering —Proposals will be re­ bonds.
Buffalo, N. Y.—Bonds Authorized.—The issuance of $100,ceived until 9 a . m . March 25, 1899, by John K. Hood, Mayor,
for $8,0(0 city hall bonds. Bonds will be dated April 1,1? 99. (00 3%% school bonds and $100,000 3%% refunding water
Bids are asked for 10, 20, 30 or 40-year obligations, bearing oonds have been authorized. The school bonds will be dated
4%,
or 5)6 interest. A deposit of 10^ of the amount March 1, 1899. Interest will be payable March 1 and Sep­
awarded will be required of successful bidders.
tember 1 at the City Comptroller’s office. The principal will
Arkansas.—Bond Bill Passed by Senate.—The Senate has mature $5,000 yearly on March 1, from 1900 to 1919, inclusive.
passed the bill to refund the debt of the State. This bill The refunding bonds will be dated April 26, 1899, and will
directs the State Debt Board to fund the valid bonded in­ mature $5,000 yearly on April 26, from 1900 to 1919, inclusive.
debtedness of the State, except 160 bonds, “ Seiies of 1870,” Interest will be payable April 26 and October 26 at the City
new owned and held by the United States. The new bonds Comptroller’s office.
will he in denominations of $500 and $1,000, payable 30 years
B utler County (P . O. Ham ilton), Ohio.—Bond Offering.—
after date of issue, and bearing 3)6 interest, payable annually Proposals will be received until April 8, 1899, at Hamilton,
on September 1. Under this law all outstanding scrips and for $20,000 4% bonds issued for the purpo.-e of paying indebt­
Treasurer’s certificates will be called in.
edness on the fair ground. Securities will be in denomina­
Asheville, N. C.—Bonds Authorized by \L(gislature.—The tion of $500; interest will be payable at Hamilton. Princi­
funding bond bill has passed the State Legislature.
pal will mature $2,000 yearly on July 1 from 1899 to 1908,
Attleboro, Mass.—bonds Authorized—A t a town meeting inclusive.
held recently the Water Commissioners were authorized to
Cabarrus County, N. C.—Bonds Authorized by Legislature.
issue $15,000 bonds for a new pump.
—The Legislature has empowered this county to issue bonds.
Bellefontaine, Ohio.—Bond Offering.—Proposals will be
Caldwell County, N.O.—Bonds Authorized by Legislature.—
received until 12 m . April 4, ls99, by V J. Nichols, City An A ct authorizing this county to issue jail bonds has passed
M.
Clerk, for the following bonds :
the Legislature.
Ten M ain Street p aving liondB in th e am o u n t o f $272 91 each.
California.—Bonds Authorized by Legislature.—The Leg­
Ten C ourt A v en u e ra vin g bon d s in th e turn o f $174 26 each.
islature has passed the bill providing for the issuance of
Ten South Main fctj eet improvement bonds in the sum o f *308 33 each.
All of ibe above bonds will be dated July 1, 1899; interest $1,000,000 4% 20-year bonds for the extension of the San Fran­
at C will he payable annually. Principal will mature one cisco sea wall.
%
Calskill, N. Y.—Bonds Proposed.—A bill recently intro­
bond yearly of each series on July 1 from 1900 to 1909. The
pavirg bends are imied pnrenant to Section 2705, Revised duced in the State Senate provides for the issuance of $15,000
Statutes of Ohio, and a city ordinance passed Dec. 13, 1898. building bonds.
( elina. Ohio.—Bonds Voted.—On March 6, 1899, by a vote
The Main Street improvement bonds are issued pursuant to
Section 27(5, R, S., and a city ordinance passed Jan. 24,1899, of about 6 to 1, the citizens o f this place authorized the issu­
Bind Electron.—A t the election to be held on April 3,1899, ance of $75,000 improvement bonds.
Charleston County, S. C.- L o a n Offering.—B. R. Burnet,
the people will vote on the question of issuing $10,000 fire
department buildirg bonds. If bonds are issned they will County Treasurer, asks proposals for a proposed loan of
bear 6* interest, payable at the office of the City Clerk
$11,660 60, pursuant with an Act o f the Legislature approved
Bexar County, Texas.—Bonds Registered and Sold.—We Feb. 22, 1899.
are advised by the County Clerk that the county has just had
Charleston, YV.Ya.—-Bonds Proposed.—An ordinance has
apptoved by the Attorney General $41,500 4%% 10-40 year been introduced in the City Council providing for an elec­
(optional) retunding bridge bonds and $240,000” 5% 10 20-year tion to vote on the qu-stion of issuing $15,000 bonds for the
refunding G. H. & S. A. R y, subsidy bonds. These securi­ purchase of a site to be donated to the State for an annex to
ties hear date Jan. 10, 1899, and have been sold to Rudolph the Capitol.
Kleybolte & Co., Cincinnati, at 102-50 for theformerand 101-66
Clayton, N.Y.—Bond Sale.—On Feb. 28, 1899, the $28,912
or the latter. This last was inclnded in cur January sales.
sewer bonds and $22,500 water bonds were awarded to the
B iloxi, Harrison County, Miss.—Bonds Proposed.—The Jefferson Co Savings Bank atpar for 3% per cents. Bonds ma­
City Council has nnder consideration the issuance of $15,000 ture in equal annual instalments from the fifth to the thir­
5? bonds for the purpose of building a bridge across Bacy tieth year, all bonds being subject to call after 10 years. For
Bay.
description of bonds see C hronicle , Feb. 25, 1899, p. 390.
Binghamton, N. Y.—Bonds Voted.— k t the election held
Cleveland, Ohio.—Bond Offering.—Proposals will be re­
on March 2, 1899, the people decided by a vote of 829 to 327 ceived until 12 M. April 5, 1899, by the Board of Park Com­
in favor of a special tax for the erection of a biidge at Tomp­ missioners at the office of H. L. Rossiter, City Auditor, for
kins Street. It has not been decided when the bonds will be $f00,0C0 4%park coupon bonds, maturing §250,000 October 1,
issned.
1929, and $250,000 Oct. 1, 1931. Securities will be coupon
Blockton, Iowa.—A7 Eonds Issued.—We are advised that bonds of $1,000, dated Oct. 1, 1898, interest payable semi­
o
the sale of the $8,000 or $4,000 water-works bonds did not annually, both principal and interest being payable at the
take place on Feb. 6, 1899. as originally contemplated, as the American Exchange National Bank, New York City. A
proposition was deieated by the Council.
certified check drawn on a national bank for 5% of the amount
Boone County School D istrict No. 6, Belvldere, 111.— of bonds bid for, payable to the “ Treasurer of the City of
Bond Offering.—We are advised by the Secretary of the Cleveland,” must accompany bids. Bids must be made on
Board of Education that proposals will be received until blanks furnished by the City Auditor or the Park Board.
2 r. m ,, March 17, 1899, for $20,000 5)6 bonds. Securities will
Cocke County, Tenn.—Bonos Authorized by House.—This
mature yearly as follows: $1,000 from 1000 to 1905, $8,0(0 county will borrow money to pay its indebtedness, provided
irom 1900 to 1909 and $2,000 in 1910. Interest will he pay­ the hill recently passed by the House becomes a law.
able semi annually.
Colorado Springs, Col.—Bond Offering.—Proposals will
Boston, Mass.—Loan Authorized.—On March 6, 1899, the be received until 7:30 p. M March 20, 1899, by I. S. Harris.
Board of Aldermen concurred in the “ loan order” for $709,- City Clerk, for $50,000 4% water-works bonds maturing 15
000 recently authorized, as stated last week, by the Board of years from date of issue, subject to call after 10 years, and
Estimate and Apportionment.
$85,000 4< refunding water bonds due in 30 years, subject to
1
Bottineau County, N. Dak.—Bond Offering.—Proposals call after 15 years. Interest on both issues will be payable
will he received until 2 p. m April 3, 1899, by Geo. J. Coul semi annually at the Chemical National Bank, New York
thsrd, County Auditor, frr $2,000 6* jail bonds. Securities City, or at the office of the City Treasurer, Bonds will bear
are in dercmication of $100, n aturirg April 3, 1914, Inter­ date of March 1, 1899, and are issued under authority of
est will be payable semi annually. Bonds are issued under State law and City Council. The official circular states that
Section 2013. Laws of 1695. and were authorized by a vote of there is no litigation affecting this issue and principal and
699 to 255,
intt rest of all previous l onds have been promptly paid.
Emmet County, Iowa.—Bond Call.—This county lias called
for pay met. t March 15, 1899, $10,000 court house bonds,
which will be retired with funds on hand.
CJreenfcburg,, Pa.—Bend Call.—Ira C. Snyder,Town Clerk,
has called for payment, borough bonds Nos. 97 to 111, in­
clusive, series of 1692. Bonds are in denomination c f fTOO
and interest ceased March 1, 1899.

March 11, 1809. j

THE CHRONICLE.

Columbia, Pa.—Bond Sale.—On March 7, 1899, the $170,O O3 U i bonds were awarded to Sailer & Stevenson, Phila­
O
delphia. at 102-79. Bonds mature April 1, 1929, subject to
call after April 1, 1909. For further description of bonds
gee Chronicle Feb. 18,1899, p. 343
Columbus, Neb.—Bond Sale.—Oa March 3. 1899, the
$37,500
funding bonds were awarded to W . -J. Hayes &
Sons, Cleveland, at 103-34. Bonds mature March 1, 1919,
subject to call after March 1, 1909. For farther description
o f bonds see C hronicle Jan. 28, 1899. p. 197.
Concord, N. C.—Bends Authorized by Legislature—An act
recently passed by the Legislature authorizes this town to
issue bonds.
Council Bluffs (Iow a) School D istrict.—Bond Election —
At the spring election the question of issuing $65,000 new
high-school bonds will be voted on.
Cumberland County, N. J.—Bond Sale.—On March 6,1899,
the $75,000 4}4$ insane asylum bonds were awarded to Ben
well & Everitt, New York, at 108-917. Following are the
bids.

189

Feder. Hulztnan A C o.,C tncin ...I07*t*5 j City H all B ank. C in c i n n a t i .......105*50
Brices. T «itl A Co.. C&Qotanatt.a.lQ?*'1 D enison , P rio r & Co.. CineiQnati.l05*ii5
S. K u h n A Sons, C in cin n ati.......... 107*50 I

The bonds were not awarded, as the Commissioners were
temporarily enjoined from issuing the same by the Superior
Court. A description of the bonds will be found in the
C h r o n i c l e Feb. 1 8 ,1899, p. 343.
Bond Sale.—Oa March 4, 1899, the $15,000 Z14% aqueduct
bonds were awarded to the German National Bank, Cincin­
nati, at 105-67. Following are the bids :
iJarm an Nat. B ’ k. r tn e in .
$15,c50 55 I A tla s N a t. Bank. W . G erm an
Seaaonjcnod A M a yer.C tn cin . 15,610 251 B ank and K. K le y b o lte &
3. K uhn A Sons. C in cin n a ti.. 1 5 ,5 ^ CO
» o , C in cin n ati
................$15,550 00
Feder. H oU m an A C o .,C tn cm . X -,574 50 Brings. 'J o d d A Co., C in cin .
15,51150
i D en ison , P i i o r A C o, ( fo r i% ) . 16,537 50

Bonds mature March 1, 1919, subject to call after March
I. 1909. For further description see C h r o n i c l e Feb. 18,
1899, p. 343
Houston, Texas.—Description o f Bonds.—The $1(0,000
paving bonds recently authorized will bear 5$ interest, pay­
able at the Union Trust Co., New York City. The bonds
will be in denomination o f $1,000 and will mature January i,
Benwell * RreriU, New f o r k 108-»17 j MUleville National B *nk.. . . . . . lOS OSid 1939.
K «w. C. Jonm A Co., New York.H«V7 . Sailer A Stepbcrtnoo- Pbila .. 10T*»
jeaiO M O ^ i A Mayer, CtncSn... 108‘ 5 W ] S. A. Kean. Chicago (n<>e.ta»cfc).107*S
2J
Huntington, N. ¥.—Bonds Proposed.—Citizens of this
. $3«$,000. .1*'6*10 * 1 R. H. Roilinn A Sons, B oston ,.. 107*613
place have passed a resolution recommending the Town
At! lie City Sink. F ’d. • k*,0M>.. 108*621 i W . JI. Hayeo a Sons, C tere----- l"7*.«5
* S\00<>.. I U*H8 [ P rorid nt Inst, for Sarto*#... .I «*18
Board to issue $30,000 4J highway bonds.
Lampreebt Bros Co.. CUre . . . 10**31 5 Vineland National B an k... |
Irvington, N. Y.—Bona Election.—Au election will he
Cu satw rU od Co. T iiw t C o ...........If*** 3 !
held on March 21, 1899, to vote on the question o f issuing
Bonds mature $5,000 yearly on Jan. 1 from 1902 to 1916, $80,600 reservoir bonds.
inclufive. For further description of bonds see C hronicle
Jackson County. Ala.—Bond Sole.—On March 1.1699, the
Feb. 18. 1899, p. 343.
$125,000 public-road bonds were awarded as
per cents to
Davidson, Mecklenburg County, N. C.—Bonds Authorized Farson, Leach & Co., Chicago, at 101 60. Following are the
by Legislature.—The Legislature has passed the bill allowing bids :
the Town Commissioners to issue street and water-works
For 4WS J h m dj.
For 5S Bonds.
bonds.
F a m m . L^acfc A Co.. Chic g o . - 101*001 r*<?aMonflOod A M ajor. Crnctn. .105*185
Kdw
o
New Y
Dayton, Ohio.—Proposed Bond Election.—The City Coun­ D uke C. JF n e s oCo. bIcajro. o r k ....101*60 Now last Nat. B m k . Colum bus.. 104*50
M. a r s n ,€
. . 101 *26
cil has under consideration the question of calling an elec- F. ft. Pultun A C o .. C b tcu to .100*7«J |Denison. Prior A Co-. C iere.......l« 4‘26
I BrinKs. Todd A Co.. Cincinnati. 101*00
W J. Htjrea
C le v e
tion to vote on the proposition to issue bonds for an electric- J. .F. W a sh inA Boms...............la n d .I0 0 ’ i8*
gton
100*00
light plant.
Bonds mature March 1, 1929, subject to call Starch 1,1919.
Deerlng, Me.—Correction.—In the C hronicle last week
we stated that the price paid for the $17,000 4i bonds was A full description of these securities will be found in the
100 664, or a premium of $118 on the whole lot. The price C h r o n i c l e Feb. 11, 1899, p. 294.
Jefferson County, Mont.—Bond Sale. —On March 6, 1899,
should have been 113 per cent.
Annexed to City o f Portland.—This city ha* been annexed the $75.000 10-20 year (optional) refunding bonds were
awarded to N. W . Harris & Co., Chicago, at par for 4)^ per
to the city of Portland under an set of the State Legislature.
Delaware.—Temporary Loan.—State Treasurer L H. Ball cents, according to reports. For description of bonus see
has borrowed $35,000 at 8U* interest for the purpose of C h r o n i c l e Feb. 4, 1899, p. 248.
Johnson City, Tenn.—Bonds Authorized by Senite.—
meeting current expenses. Loan matures Oct. 1. 1899.
Elkhart Lake (P . 0 . Elkhart), Wis.—Bond Offering.— Public bnildiDg bonds to the amount of $10,000 have been
Proposal* will be received until March 15, 1899, for the authorized by the State Senate.
Joplin, Mo.—Bond Offering.—Proposals will be received
$5,(n0 Sg water works bonds which were authorized by vote
of the people last November. Interest will be payable an­ until March 18. 1699, by Hngn J. Ruible, City Treasurer, for
$30,(005: electric-light plant bonds. Securities will be in
nually and the principal will mature $500 yearly.
Etowah ( ounty, Ala.—Bond Election.— An election will be denomination of $500.- Interest will be payable semi-annu­
held on July 8,1696, to vote on the question of issuing ally at Miner*' Bank, Joplin. Principal will mature 20 years
from date of issue, subject to call after five years. Propos­
$100,CO road bonds.
O
Evansville, Ind,—Refunding Bond Contract.—This city als must be accompanied by Si of the amount bid. These
has entered into a contract with Messrs McNerney & John­ bonds wore authorized at the election held on Feb. 28, 1699,
son to refund the $2,068,000 bonds maturing in 1912. These by a vote of 814 t«» 222.
Kansas City. Mo.— Bond Sale.—At the meeting of the
refunding bonds are only to be issued on the delivery to the
city of all the bonds due in 1912, and -“Messrs. Mt-Neroy & Board of Park Commissioners on 51 arch 3, 1899, the $550,000
Johnson have authority to refund only on this basis." If all (more orl<*«i 7* 1 20-year park fnod certificates were awarded
these bonds are secured, -It 20-30 year (optional) bonds will be to W, G. Eads Brokerage Co., Kansas City, at 107'20. Fol­
lowing are the b id s:
usued in exchange for the old bonds.
|Trow lrridjtc. M a cD o n a ld A N lver
Fayetteville, S. C.—Bonds Authorized by Legislature.— W , (i. Rad* Broker**** Co., Kan
•a* City
107*1)1
.
...........
.
The Legislature has authorized the issuance of water-works N*w i»t Nat- Bank. C o lo m b____ *107 *0 I HCo., CblCMJto . .A Co.. K im ..City.* 106 00
o*
ottuton. FTble
106*60
V f.8 . W fb b ,
K an*** C ity-M 'J 25 I H e n ry C. F low er, Knnea* i U r .. 103*06
T
bonds.
»a.»CUy !* d*ov H a rw ood A M eredltfo.K an.O lty. 103*10
Fayetteville, T e r m .-Bond Sale. —On March 1, 1899, the
! M l.*. V a lley T r. Co , 8 t. L o u la .. 101*75
•rut.
$30,000 5jS 1020 year (optional] water-work* hoods were
awarded to Feder, Hclzman & Co , Cincinnati, at 106-18.
Kenton (O hio) School District.—Bonds Voted.—A t the
Franklin, N. C.—Bonds Authorized by Legislature.— special election held March 6,1899, the proposition to issue
House bill No, 1602, providing for the issuance of bonds, has $1°,000 school bonds received about 120 majority.
passed the Senate,
Knoxville, Tenn. Bond hills Posset by Senate.—The
Garfield, Wash.—Bonds Proposed.—According to reports, Senate has passed bills authorizing bonds for the purchase of
the City Council is negotiating the sale of $100,000 6t bonds, a site and erecting a city hospital thereon and for the pur­
issued for the purpose of redeeming outstanding warrants.
pose of fnndiog the city’s floating indebtedness.
Georgians, Butler County, Ala.—Bond Offering.—This
IJncnlntnn, N. C.—Bonds Authorized by Legislature.- The
town will receive bids at any lime within thirty days for Board o f Aldermen has been authorized by the Legislature
$2,000 6S gold improvement bonds. Interest will be payable to issue bonds.
semi annually in New York City and the principal will
Lowell. Mass.—Loan Negotiated.—This city has negotiated
mature July l, 1909.
a loan o f $35,000 with the Lowell Institution lor Savings
Grass Yalley. Cal.—Bids.—Following are the bids received at 3j.»s, net interest, the lowest rate, we are advised, ever
on Feb. 14, 1899, for the $10,000 ?< sewer bonds awarded, as obtained by this city on such terms. Loan matures onestated in the C hronicle of Feb. 25. p. 390, to Denison, Prior tenth annually.
& Co,, Cleveland, at 116 40 :
Lucas County, Ohio.—Bonds Authorized,—The Commis­
Hannon- Prior a Co., C1«t «
I t s .; a ) I J. WeiwbnUi. Gr«ws V *U «r......... I I I .12* sioners will shortly issue $120,000 1 20-year (serial) bridge
J n o ,O U .«o ji,G jj»a Valloy
HUM I r. L. Llsnasn. *»n g n o c t w o . . it tw
o
bonds. Securities are in denomination of $1,000, dated April
« W .w om as * SOM, Horton
U.MMI K. II. S h o w s A Co.. New Turk ,*.001
Cllitaiwi Bank.Gres* V alle;
11.150: New itrrt Net H k, ('..lombue , «2.W0 1, 1899.
Luzerne ■onnty (P a .) Central Poor D istrict. —Bond
Principal will mature one bond yearly from 1900 to 1939, Offering.—Proposals will be received between 10 a . m, and
inclusive. For description of bonds see C h r o n i c l e Feb. 4, 12 m March 22, 1899, by S. W. Davenport, Secretary, 18
189$, p. 243.
North Fianklin Street, Wilkesbarre, for $200,000
gold
Greene County, Tenn.—Bonds Proposed.—This county building bonds. Interest will be payable April 1 and Octo­
seeks Legislative authority to issue $100,000 road bonds.
ber 1 at tbe Second National Bank, Wilkesbarre, and the
Grundy County, Tenn.—Bonds Authorized by House,—The principal will mature $10,000 yearly on April 1 from 1908 to
issuance of $4,000 jail bonds has been authorized by the 1922, inclusive. Bidders must satisfy themselves as to the
Honse.
legality of the bonds and state that they are so satisfied in
Halifax County, N, C.—Bonds Authorized by Legislature. their bid. Acerlified national bank check, payable to the
—Bonds for the purpose of paying the county's indebtedness District Treasurer, for S of the amount of the bonds bid for
%
have been authorized by the Legislature.
must accompany proposals.
Hamilton County. Ohio,— Bids.—Following are the bids i McConellsvilie. Ohio.—Bond Sale.—On Mari h 8, 1899, the
received March 4, 1899. for the $10,000 4< "Hamilton County $10,000 b% water-works bonds were awarded to S. Kuhn &
,
fair-gtound repair and improvement bonds .
I Sons, Cincinnati, according to reports.

I

490

THE CHRONICLE.

Mecklenburg County, N. C.—Bonds Authorized by Legis­
lature.— A bill recently passed by the Legislature author­
izes the issuance of $K 0,000 50 year road- improvement bonds.
Med in, Delaware County, Pa.—Loan Negotiated.—The
Borough President has borrowed $2,000 at 5* from the First
National Bank, Media. The loan was made upon a note of
the borough, dated March 2, 1800, and maturing May 2,1899.
Middletown, Coun.—Bonds Proposed.—The issuance of
bonds for road improvements is being considered by citizens
of this place.
Minneapolis (M inn.) School D istrict.—Bonds Proposed.
—The Board of Education has decided to request the City
Council to issue at once the $200,000 bonds authorized by the
State Legislature.
Monroe, Union County, N. C.—Bonds Authorized by Leg­
islature. This township has legislative authority to issue
$80,000 road bonds.
Morristown, Tenu.—Bonds Authorized by Legislature.—
Legislative authority has been given to this place to fund its
indebtedness.
Mount Airy, N. C.—Bonds Authorized by Legislature.—The
Legislature has anihorized this township to fund its indebt­
edness.
Murfreesboro, Hertford County, N. C —Bonds Author­
ized by Legislature.—Legislative authority has been granted
this township to refund its bonded indebtedness.
Nashville (III.) School District.—Bonds Proposed.—This
district will issue about July 1, 1899, $14,000 bonds to refund
part of those maturing on that date.
Nashville, Tenn.—No Election H e l d ,-No election was
held cn March 1, 1899, to vote on the question of issuing
bonds to purchase a public park, the City Council having
voted down the proposition. A motion to re-consider the
matter is still pending and will be disposed of at the next
meeting of the Council.
New Orleans, La.—Floating Debt Bonds.—Mr. R. L.
Tullis, Secretary to the Mayor, advises us as to the present
status of the floating debt bonds issued under the funding
operations of the Board of Liquidation of the City Debt of
New Orleans. Up to date about $298,C O o f claims have
O
been funded at 68 cents on the dollar, making slightly more
than $200,000 funding bonds issued out of the $250,000

N E W LOANS.

[v o l .

Lxvm.

authorized by the Constitution of 1S98. “ There are at
present,” Mr. Tullis writes, “ some claims under considera­
tion by the board, but not yet allotted.” The law under
which these claims are funded was given in the C h r o n i c l e
August 27, 1898.
Nortli Carolina.—Bonds Proposed.—House Bill No. 1875
authorizes the issuance of State bonds for the purpose of
paying off the indebtedness of the penitentiary and also for
buying State farms The bill provides for the issuance of
$110,000 4% 10-year bonds for the first purpose and $95,000 4%
10 year bonds for the latter.
North Bust, Pa. Bond Election.—An election has been or­
dered early in April to vote on tne question of issuing
bonds.
Oakley (V illage), Ohio.—Bond Election.—At the general
election to be held April 3, 1899, the question of issuing $10,(00 4%% village-hall bonds will be voted upon. Securities, if
authorized, will be in denomination of $500, dated Sept. 1,
1899. Interest will be payable March 1 and September 1 and
the principal will mature $500 yearly on September 1 from
1904 to 1923, inclusive.
Orange County, N. C.—Bonds Authorized by House.—In
order that this county might issue bonds to pay its indt btedness a bill was introduced in the House and has passed that
body.
Orange (Mass.) School D istrict.—Loan Voted.—At the
town meeting held March 6, 1899, it was voted to borrow
$15,000 for an addition to the high-school building. Details
of this loan have not yet been determined, but we are ad­
vised the loan will most likely be made with a local bank.
Paducah, Ky.—Proposed Bond Election.—Mayor Lang has
recommended that the Council take the necessary action for
. n election to vote on the question of issuing bonds for a
$20,000 market house and for surface sewers and asphalt on
Broadway.
Palo Pinto (Texas) School D istrict.—Bonds Approved.—
The Attorney General has approved an issue of $2,500 school
bonds.
Pawtucket, R. I.—Bonds Authorized by Legislature.—
Legislative authority has been granted this city to issue
$100,000 4* gold street improvement bonds and "$50,000 4%
gold school bonds.

IN V E S T M E N T S .

IN V ES TM E N TS .

M A S O N , LEWIS & CO.,

E D W D . C. J O N E S & CO.

BAN KERS,

DEALERS IN

6 0 D e v o n s h ir e S t r e e t , B o s t o n ,

Municipal, Railroad
Street Railway and Gas

N otice to H old ers of

Lincoln,

Neb, Bonds.

Outstanding bonds o f the CITY OF LINCOLN,
NEBRASKA, described as below, all o f which are
now optional, called fo r payment at the BANKING
HODSR1 OF MESSRS. KOUNTZE BROS., NEW
YORK CITY, will he paid on presentation at said
BANKING-HOUSE OF KOCNTZE BROS. Interest
cease* March 1,1899.
FOR INFORMATION REGARDING THE NEW
R E E U N DIN G BON D S OF THE CITY OF LIN­
COLN, ADDRESS

Farson, Leach & Co,, Bankers,
3 3 N assau S tr e e t, N ew Y o r k .

N. W. Harris & Co, Bankers,
3 1 N a s s a u S t r e e t , N e w Y 'o r k
Through whom called bonds may be collected
withoot charge.

BONDS CALLED ARE DESCRIBED AS
FOLLOWS:
Refunding, Dec. 20, 1885, 5 ^ .8 2 5 ,0 0 0
Funding, A pril 1,1886. b%%... 27,00(1
Refunding, Oct. 1,1887, 5%%.. 30,000
Sewer, September 1, 1886, 5 * .. 80,060
Paving Intcrsec’u July 1,’87,5*.100,000
Water Fourth, Oct. 15,1887,5*. 10,000
Water Fifth, July 1, 1888. 5*.. 10,000
Paving 1 utersec’n.J uly 1,'88,5*.l 00,000
Sewer Second, Aug. 1, 1890, b%. 20,000
§402,000
Per Ordinance o f tne City Council o f the City of
Lincoln. Nebraska, duly approved and advertised.

PROPOSALS

WANTED.

Bids will be received by the City o f Montgomery,
Ala., until April 3d proximo. 12 M., for the purchase
o f Thirty Thousand Dollars
Thirty-Year Bonds,
isiued fo r the purchase o f a park or porks. The
d ty reserves the right to reject any and all bids.

—
^

__ R- H. SOMMERVl^LE, Treasurer,

E D W IN K. L A W L A S lh R ,
INVESTMENT SECURITIES,
S . D t h . r n S e c n r l t l * . a S p e c i a l 'J5 W A L L NTRBKT, NEW Y O R K .

1 7 1 L a S a l l e S t r e e t , C h ic a g o ,
OFFER FOR SALE:
R e n o C o u n ty , K a n s a s .....................................
P a le s t in e , T e x a s ................................................
J o lie t G a s C o ., J o l i e t , 111.............................. 3 s
S o u th O m a h a , N e b .............................................R m
B a y fie ld C o u n ty , W i s ......................................
And Other Desirable Securities.

HI GH G RADE
State, Municipal, County, School

B O N D S .
Legal investments for Savings Banks in New York
and. all New England.

Rudolph Kleybolte & Co.,

BONDS.
NEW YORK
1 NASSAU STREET.
P H IL A D E L P H IA - .21 CHESTNUT ST.

GOVERNMENT, MUNICIPAL
A N D R A I L R O A D BONDS

C. H. W H IT E & CO.r
BANKERS,
3 1 N A S S A U S T ., N E W Y O R K .

BANKERS,
N o. 1 N a s .a ii S t r e e t , N e w Y 'o r k ,

AGENTS FOB THE

3 d a n d W a l n u t S t r e e t s , C in c in n a t i, O.

A N G L O -A M E R IC A N B A N K , l t d .,

C IS T S

M A IL E D

UPON A P P L IC A T IO N .

ADAMS & COMPANY,
BANKERS,
DKALJTCR8IN

IN V E ST M EN T BONDS,
Members o f Boston Stook Exchange.'

No. 7 Congress and 31 State Streets

BOSTON.

BO N D CALL.
Notice is hereby given that Harrison County,
Texas, Compromise Railroad Subsidy Bonds o f the
denomination o f $50 each, numbered from 1561 to
2000 inclusive, will be paid on presentation at the
Treasury o f the State o f Texas. Interest will cease
after April 11th, 1899.
R. W. FINLEY, Comptroller-

C h a rin g C ro ss, L o n d o n .

Individual Accounts received subject
to check at sight in Loudon.
Cable Transfers.

F E A R O N & C O .,
BANKERS AND BROKERS,
511 CHESTNUT STREET,

PH ILAD ELPH IA.

INVESTM ENT

SECURITIES.

M U N I C I PAL

BONDS.

John Nuveen & Co.,
INVESTMENT BANKERS,

1st National Bank B uilding, Chicago.
Correspondence solicited.

Reference, First National Bank, Chicago,

Peek skill. N. Y.—Bands Defeated.—At the election held
March 7, 1899, the proposition to issue $100,000 paving bonds
was defeated
,, „
_ .
Pender Countv, N. C.—Bands Authorized by House.—This
county has obtained authority from the House to issue fund­
ing bonds.
Person County, X. C.—Bonds Authorized by Legislature.—
The Legislature grants this county the necessary authority
to issue bonds to pay its indebtedness.
P ilo t Mountain, N. C.—Bonds Authorized by Legislature.
—Legislative authority has been given to issue public-im­
provement bonds.
P itt - onnty, 8 . C.—Bonds Authorized by Legislature.—
This county may issue bonds, now that legislative authority
has been obtained.
Pleasant (Township), O hio.—
Bond Election.—At the
spring election the question of issuing $10,000 turnpike bonds
will be voted upon.
Pulaski, Tenn.—B inds Authorized by Semite. —The Senate
has passed a bill authorizing this place to issue bonds.
Putnam, Conn.—Loan Authorized.—A t the annual city
meeting the Common Council was authorized to borrow a
sufficient sum of money to meet current expenses.
Putnam County, 111.—Bonds Proposed.—It is stated that
this county recently made an offer of $50,001 in 20-year bonds,
a free right of way and exemption for 10 years from taxation
to any company that would bnild and operate a railroad into
Hennepin, the county seat. The only means o f transporta­
tion at present is by boat to Peoria. The county and city
are free of debt.
Raleigh (C ity). X. C.—Bonds Authorized by Legislature.—
"This city baa beeu authorized by the State Legislature to
issue bonds.
Raleigh (X . C.) School D istrict.—Bond Election.—An
election will be held May 1, 1899, to vote on the question o f
issuing $50,000 school bonds.
Raleigh (Township), X. C.—Bonds Authorized by Legisla­
ture.—th e Governor has signed the bill authorizing this
township to issue road bonds.
Ramsey County, Minn.—Bonds Authorized.—The issuance
o f $18,000
10 year bridge bonds has been authorized by
the Board ofC oon tv Commissioners.

Ripley, Tenn.—Bonds Authorized by Legislature.—Saaool
bonds to the amount of $10,000 have been authorized by the
Legislature.
Rockingham, N. C.—Bonds Authorized by Legislature.—
The State Legislature has passed the bill authorizing this
town to issue water-works bonds.
Rocky Mount, N. C.—Bonds Authorized by Legislature.—
The Senate has passed House Bill No. 1502, authorizing the
issuance of water works bonds.
Rotterdam, N. Y.—Bonds Authorized by Senate.—The
State Senate has passed a bill legalizing the official action o f
Prank Davis, former sole Commissioner o f Highways o f this
town, and authorizing the issue of bonds for the payment of
indebtedness incurred by him.
Rutherford County, X. C.— Bond Bill Signed.— The Gov­
ernor has signed a bill authorizing this county to issue bonds.
Saginaw, Mich.—Bond Sale.—On March 8, 1899, the $18,500 and $10,000 3}2'l refunding water bonds were awarded
to E. H. Gray & Co." Boston, at 103-10. Bonds mature May
1. 1920. F or description of bonds see C hronicle March- 4,
1899, p. 442.
St. Francis, (A rk .) Levee D istrict.—Bonds Authorized by
Legislature.—Tne Le -islature has passed the bill authorizing
the issuance of $750,000 improvement bonds.
Salinas City, CaL— Hona Offering.—Proposals will ba re­
ceived until 8 p . M March 16, 1889, by John J. Kelly, City
,
Clerk, for $30,000 5i gold school bonds. Securities were
authorized at an election held Feb. 9, 1899. They are In de­
nomination of $750. Interest will be payable annually on
January 2 at the office of the City Treasurer. Principal'will
mature one bond yearly on Jan. 2 from 1900 to 1939. inclus­
ive. A certified check, payable to the Mayor, for
o f the
amount bid must accompany proposals.
Salisbury, N.C.—Bonds Authorized by Legislature.—W ater­
works. sewer add electric-light bonds have been authorized
by the Legislature.
Saratoga (Township), Grundy Conulr. III.—Bond* Voted.
—This township has voted to issue $15,000 bonds for road
improvements.
Schenectady, X. Y.—Proposed Bond Sale.—This city will
shortly sell $ 15,000 i f sewer bonds and $15,000 water-works
bonds.

I N V E S T M E N T S . ____ ____IN V E s T M E N T S .

Government and
Municipal Bonds
B O U G H T A ND SOLD.

County,

C IN C IN N A T I,

-*T. B a n k o l C o m m e r c e B ld g .)

JU LY

1ST,

L

DEALER* IN

MUNICIPAL, RAILROAD.
STREET RAILWAY k CORPORATION

BONDS.
ri**v<»land m arket

F. R. FULTON & CO.,
M U N I C I P A L Bo NDS,
1 71

M U N IC IP A L
1st Xat. Bank Bldg.

BONDS,
• - CHICAGO

SALLE

STREET,

W. D. Van Vleck,
33 N ASSAU S T R E E T ,

- -

SEW

VORK,

M U N I C I P A L BONDS.

NEW V O R K ,
3 5 N a . . a o S i.

TROWBRIDGE,
Ma c Donald
So N iver Co.

LA

CHICAGO.

LISTS MAILED OX APPLICATIOX.

C H IC A G O .
1 0 0 D r a r b o r o S I.

i"3

BONDS
T o net th e In v e s to r

E

W . J. H A Y E S So S O N S
111 r o n u r p a a S t r e e t , Ito n io n .
•131 C li r « t a u t H ir p r t , P h i l a d e lp h ia ,
3 1 3 H u p r r io r H tr c e t, C l e v e l a n d .

M U N IC IP A L

BONDS.

Securities Netting from 3*4 to 6
A L W A Y S ON HAND.
Send for oar loveauueat Circular.

Municipal Rond*

Ln/onsatJnn given anil a notation* furnished con­
cerning all do***'* o f stock* and bond* that bare a

8 A V IN G S BANK AND T R U S T
FUNDS.

Farson, Leach & Co.,

'

DUKE M. F ARS ON. Banker,

LISTS SENT UPON REQUEST.

PUBLIC SECURITIES
SPIT A B l.K FOR

O H IO .

C e n t u r y B u ild in g . C L E V E L A N D , O H I O ,

1911.

1 9 M i l k H trfu c, R o « i a o . M a **.

.....

3 to 5 1A Per Cent.

THE
a m p r e c h t B ros. C o .

P * U d e s c r i p t i v e c i r c u l a r on a p p lic a t io n *

e. H. ROLLI NS & SONS,

■ 1

LUt* sent on application.'

RANKER^

DC*

School,

BRI GGS. T O D D & CO.,

N. W. HARRIS & CO.,

First Oniml(dated Mortgage
Gold Bonds,

City,
Bonds.

L IS T ?* ON A P P L I C A T I O N .

RUTLAND RAILROAD 00.

IN V E S T M E N TS.

Municipal and Cornoration

State,

APPRAISEM EN T* M A LE OR QUOTATION*
FURNISHED FOR T H E PURCHASE. SALK OR
KX CHAN UK OF ABO VE SECURITIES.

3 1 N A S S .U

491

THE CHRONICLE

Makc-h 11, 1889, i

M U N I C I P A L BONDS.
C. S t a n w o o d S C o .
o
BAN KERS,

121 Devonshire 8treet.
_____
BO STO N. _________

1N 3 D e a r b o r n M trea t

CHICAGO.

M. A. Devitt & Co.,
M U N IC IP A L BONDS.
F lm l N a tio n a l H a n k H a lld ln g -

CHICAGO.

C. R. C O O D E So CO.
IIIG H -ia U D E
W ARKW TS
V ettin g tro m t t o Sf.
15 WALL STREET NEW YORK.

C AS H PAID FOR
K n m m « M u n ic lp n l B o n d * In d e f a u l t ,
W i c h i t a M o r t g a g e * , d e f a u l t o r n o t,
W i c h i t a o r H e d g w lc k C o . R e a l E * ta t e ,
F o r e c lo s e M o r t g a g e * , e t c .

DEAN GORDON, Financial Broker
W IC H IT A .

KAN SAS.

S. A. KEAN,

We Bay ond Sell Municipal Bonds
from Southern and Western States;
also Guaranteed Railroad Stockg.

IB P M IC IP A L A S D O T H E R
S E C U R IT IE S .
1 3 3 L a H a lle H tre e ti C ii l c a g s .

ROSEN U E ItO E R & U V S B U O R E ,
(SpeolalUfs In Texa* Securities).!
4 0 W a ll H tr e ^ .
N ew
o r it.

THE CHRONICLE

492

Sibley. Osceola Conntj. Iona —Bond Election.—An elec
tier -veil] be held March 27, 1899, to vote on the question of
issning $16,000 water works bends. If issued the bonds will
probably malure in 20 years, and ^interest will most lib el y
be 5if, payable in gold.
Swain Coniily, N. C.— Bonds Authorized by Legislature.—
Bonds to pay off indebtedness have been authorized by the
Legislature.
,
Syracuse, N. N.—Temporary Loon.—This city has nego­
tiated a loan of $100,000 with Blake Bros. & Co.. New York
City, at 3'10s. The loan was made in anticipation of the
collection of taxes and will mature Nov. 10, 1899.
Tarhoro, N. C .- Bonds Authorized by Legislature - Waterworks and sewerage bonds to the amount of $40,000 have
been authorized by Legislature.
Taunton, Mass.—No Bonds Authorized.—According to
newspaper reports, this city has been authorized to issue
$50.001 fewer bonds, but upon inquiry we learn from the
City Treasurer that he has not received authority to iBsue
bonds of any kind
„
,
_
„
Trenton, Term.—Bonds Authorizes by Senate.—The Senate
has pm sed a bill granting this place authority to issue bonds.
T r i n i d a d , Col.—Bond f lection.—At the spring election to
be held in April, the question of issuing $83,000 refunding
bonds will be voted upon. These bonds, if authorized, will
be issued to Tefund the funding, bridge and street bonds
now outstanding.
_
„
lltica. N. Y.—Bond Offering.- John A. Cantwell, City
Clerk, will sell at 2 p. M March 14, 1899, $6,823 70 4# 1-6 year
.
(serial) paving bonds. Securities will be dated Dec. 23,1898.
and Jan. 20,1899. Sealed proposals will be received by the
Mayor until the above hour and must be accompanied by a
certified check for 10$ of the amount of bonds to be sold.
Walla Walla, Wash.—Bonds Propised. —The Commercial
Club of this city recently passed a resolution urging the
Council to take immediate action looking toward the con­
struction of a complete sewerage system.
Ward, Col.—Bond Offering.—Proposals will be received at
any time by H. T. Haines, Town Clerk, for $12,000 6$ 10-15year (optional) bonds.
Washington Comity, Ky.—No Bonds to Be Issu ed .-W e
stated in the C h b On i c l e Feb. 24, 1899, that the report was

M IS C E LLA N E O U S .

|Vol . LXY III.

current that this county had under consideration the issuance
o f $100,000 4$ road bonds. Upon inquiry we learn that there
will he no bonds issued.
Wayne County (P . O. W ooster), Ohio.—Bond Bale.—On
March 3, 1899, the $3,000 5$ ditch bonds were sold to the
Wayne County National Bank, Wooster, at 104T83. F ol­
lowing are the bids :
W a y n e Co. Nat. Il k. W oo8ter.f3.125 50 |W . J. H a y e s * « odb , C l e v e .... 3,096 OO
D enison , P rio r & C o.. C le v e ... 3.1*5 00 F irst N at. Bank. B a rn e s v ille .. 3,041 00
N ew 1st Nat. B k , C olum bus . 3.103 60 I R ob ert A . C b ilds S y r a c u s e .... 3.C26 00

Principal will mature $6(0 yearly on Feb. 1 from 1900 to
1904, inclusive. For further description of bonds see C h r o n ­
icle Feb. 25, 1899, p. 391.
W estboro, Mass.—Bond Sale.—On February 21, 1899, this
city sold $4,000 4$ water bonds to Estabrook & Co., Boston, at
114-50. Principal will mature in 1925.
W ilm ington, N. C.—Bonds Authorized by Legislature —
Refunding bonds have been authorized by the Legislature.
W indsor (V illage), N. V.—Bond Sale.—On March 6, 1899,
$30,000 3
water bonds were awarded to R. B. Smith &
Co., New York, at 103-50. Following are the bids :
R. B. Sm ith & Co., N ew Y o r k .. .103 50
W . J. H ayes & Sons. C le ve la n d . 102*785
B en w ell & E v e ritt, New Y ork.. .101*63
B ertron & Storrs. New Y ork — 101*57
W a lter Stan ton & Co., N. Y ....... 101*15
G eo. M. H ah n , New Y o rk ........ 100-66
S treet, W y k e s & Co., New York.100-675

A r th u r S. L e la n d & Co.. N. Y . . . 100*151
E. H . Gay & Co . New Y o r k ......... Par
J ob. F. G avin (fo r 3*3556 b o n d s ). Par
I. W . Sherrill (fo r 3*41% b o n d s) .110*025
Jose, P a rk er & C o .(fo r 4 % bo n d e)107 *079
S. A . K ean (fo r 4% b o n d s )............ 103*00

Worcester, Mass.—Bond Sale.—This city has sold the
$100,000 4$ bonds recently authorized for the payment o f
land damages caused by laying out streets. Securities ma­
ture Jan. 1, 1909.
Zanesville, Ohio.— hand Sale.—On March 1, 1899, the
$17,400 5$ 1-5 year paving bonds were awarded to Feder,
Holzman & Co., Cincinnati, at 104 65. For description of
bonds see C hronicle February 18, 1899, p. 346.
Green, N. Y.—G-eo. L. Page, Supervisor. This town is in
Chenango County.
LOANSW hen D u e. A ss e ss e d v a lu a tio n ,p e r’ l. $ 2 6 0 ,6 0 0

R a i l r o a d -A id B o n d s 78, J & J , $ 1 9 8 ,7 0 0 — J a n . 1 ,1 9 0 0
B o n d e d d e b t J an . 2 , ’ 9 9 . $ 1 9 8 ,7 0 0
A s s e ss e d v a lu a t io n .r e a l.l.3 9 2 .0 0 0

M IS C E LLA N E O U S .

|

T o ta l v a lu a tio n 1 8 9 8 ___ 1 ,6 5 2 .6 0 0
T a x ra te (p e r $ 1 ,0 0 0 ) 1 8 9 8 ..$ 9 * 1 0
P o p u la tio n in I S 9 0 w a s .........3 ,1 6 4
P o p u la tio n in 1 8 9 9 (e s t.)
3 ,2 0 0

M IS C E LLA N E O U S .
T R A N S M IS S IO N R O P E .

CORDAGE

FLANDRAU & CO.,
3 7 ‘2 , 3 7 4 , 3 7 6 B R O O M E S T .
Just East o f Broadway.
4th A ve. electrics pass door.

2d Sd & 6th Ave. L
at Grand St.

Elegant Carriages
For T O W N

and

UN E Q U A L E D
OF

ASSORTM ENTS

H IG H E S T

C O M P R IS IN G
LOW EST

COUNTbV

P R IC E S

S

The Audit Company
OF NEW YORK.
Equitable Building, 120 Broad u at

Physical

tr

r-f

M

The American Man’f’g Co.
67 WALL STREET,

and Accounting

YEW

GRADE

ALL
FOR

YORK.

Examinations.

STYLES.
Q U A L IT Y .

A good stock o f second-hand vehicles, repaired in
our own factory fo r sale at reasonable prices.

1850.

SPECIALTIES.

1899

The United States Life
Insurance Co.
IN T H E C I T Y OK N E W Y O R K .

In addition to accounting examinations, the
tharter of the Audit Company of New York
authorizes it to examine and report noon the
physical condition of steam and street railroads,
manufacturing and other plants, ana to appraise
their values.
Physical and accounting examinations com
bined afford a correot basis for corporation
financing and for valuation of corporate 6ecurities or partnership interests.

1 A ll P olicies now Issued by this Com pam

contain the follow ing c la u se :
“ A f t e r o n e T e a r f r o m t h e d a t e o f I ss u e, Ihf
l i a b i l i t y o f t h e O o m p n n y u n d e r t h i s p ol icy
s h a ll not he d isp u te d .“
D uring 1 M I8 the Company m ade m nterla!
Increase in Income, a sse ts and su rp lu s; and
can thus claim a su b stan tial gain In the
most im portant elem ents ot safety and progres*».
A ll Death C laim s paid W I T H O U T D ig .
C O U N T as soon as satisfactory proofs havr
been received.
A ctive a n d S uccessful A gen ts, w ish in g to rep re
sent this C om p a n y, m a y com m u n ica te with
R I C H A R D E. C O C H R A N , 3 d V ice-P resid en t,
at the H om e Office, s t i B roa d w a y, N ew Y ork .
O F F IC E R S :

G E O R G E H . B U R F O R D ................. President
GEO. G. W ILLIA M S............................ Vice-President
C. P. FRA LE IG H ............................ 2d vtce-prealdent
RICHARD E. COCHRAN.............. 3d V ice President
A . W H EE LW RIG H T..................................... Secretarj
J. L. K E N W A Y ..............................Assistant secretary
W ILLIAM T. 8TANDEN................................ Actuary
ARTHU R C. P E R R Y ...................................... ..Cashier
JOHN P. MUNN.................................Medical Director
F IN A N C E C O M M IT T E E :

..............Pres. Chem. Nat. Bank
JOHN J. TUCKER........................................... Builder
JR-• Pres. Imp. & Traders’ Nat. B k.
JAMES R. PLUM............................................... Leatbe?

THE

United States Government
uses the W hiting Papers. So do the
leading Railroads, Banks, Insurance
Companies and Mercantile Houses every­
where. If you are not using Whiting’s
Linen Ledgers in your office write us for
samples. For account books they are
unequaled.
They are made in tints
especially recommended for the eyes by
eminent oculists. W e will send you
a pamphlet on the subject free.
WHITING PAPER COMPANY,

Located in the W e s t since 1 8 7 £ «
and haviug had large experience in
W e ste rn M ortg a g e L oa n s,

H
and

150

D

olyoke,
uane

M

a s s .,

St .,

N

ew

Y ork

THE R. J . WADDELL
INVESTMENT COMPANY ,
OF O T T A W A . K A N SA S,
oners S p e c ia l F a c i l it i e s for the care and collec­
tion o f the Securities o f tbe

NEW

E N G L A N D LOAN
& T R U S T CO.

Have received for collection about *2,000.000 of
the securities o f tbe fol'ow ing companies: Equita­
ble Mortgage, Lombard, Western Farm Mortgage,
and Jarvis-Conklin. S en d for c i r c u l a r giving de­
tailed statement o f what we have accomplished.
„
(Importers’ & Traders’ Nat. Bank,
R eferences : (
New York City.
( Mercantile Trust Co., Boston. Mass,
and many others East and West.

Whann & Schlesinger,
D E A L E R S IN

M U N I C I P A L and R A I L R O A D
S EC UR IT IES .
71 BROADWAY)

NEW YORE.