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nmm^rn Quotation Supplement ronidi! (Montm^ Street Kailwai| Supplement Investors Supplement (amieri^) State and City Supplement (semiAnnuaij^ [Entered aooordinfit lo Act of Congress, In the year 1900, by the William B. Dajta Oompant, In the VOL SATURDAY. MARCH 70. She office of the Librarian of Congress.] NO. 1813. 24, 1900. Week ending March (£j}txomclt. at— Clearings PUBLISHED WEEKLY. 1900. 1899. 1900. P. Cent. . . London Agents: COMPANY, Pine Street, Corner of Pearl Post Office Box 958. Philadelphia Pittsburg Baltimore Buffalo Washington. Rochester Syracuse Scranton Wilmington Binghamton Total Middle Boston Providence Hartford New Haven Springfield Worcester Messrs. Edwards <fe Smith, 1 Drapers' Gardens, E. C, will taie subscriptions and advertisements, and supply single copies of the paper at is. each. tVIIililAm B. BAIVA New York Publlsliers, Portland Fall River Lowell New Bedford Tota New Eng.. Chicago Street, NEW YORK. Cincinnati Detroit Cleveland Milwaukee. Columbus CLEARING HOUSE RETURNS. Indianapolis The following table, made up by telegraph, etc., indicates that the total bank clearings of all the clearing houses of the United States for the week ending to-day, March 24, have been $1,614,848,570, against $1,660,021,108 last week and $1,839,924,481 the corresponding week of last year. Peoria Toledo Grand Rapids Dayton Evansville Youngstown Springfield, 111 Lexington Akron Kalamazoo Saginaw Rockford Springfield, Ohio.. Clbarings. Returns by Telegraph. New York Boston Philadelphia Baltimore Chicaj<o St. Louis Orleans New Seveu cities, 5 days other cities, 6 days Canton Week Ending March 24. 1900. 1899. $865,081,162 90,005,480 70,675,230 17,236.570 102.019,279 $1,028,034,105 110,576.753 25,429,134 25,722,014 8,313,913 7,516,619 74,662,200 22,002,:H58 98,209,996 $1,109,860,758 $1,366,724,045 176,841,018 162,627,623 P. Cent -16 7 -18*6 -5-3 -21-7 +3-9 -1-1 +10-6 -14-4 +8-1 Tot. Mid. West'n San Francisco Salt Lake City Portland Los Angeles Seattle Spokane Tacoma Helena Fargo Sioux Falls Total Pacific Kansas City Minneapolis Omaha St. Total all cities, 5 All cities, 1 Total days day all cities for week.. $1,345,501,776 $1,529,351,668 269,346,794 810,572,718 $1,614,848,570 $1,839,924,481 -12-0 -13-3 —12-3 Paul Denver Joseph Des Moinea Davenport Sioux City St. Topeka Wichita The full details of clearings for the week covered by the above statement will be given next Saturday. We cannot, of course, furnish them to-day, bank clearings being made up by the various clearing houses at noon on Saturday, and hence in the above the last twenty-four hours of the week have to be in all cases estimated, as we go to press Friday night. We present below our usual detailed figures for the previous week, covering the returns for the period ending with Saturday noon, March 17, and the results for the corresponding week in 1899, 1898 and 1897 are also given. In comparison with the preceding week there is an increase in the aggregate exchanges of fifty million dollars, the gain at New York being sixty-five millions. Contrasted with the week of 1899 the total for the whole country shows a decline of 11 "6 per cent, Compared with the week of 1888 the current returns record a gain of 29' per cent, and the excess over 1897 is 72-5 per cent. Outside of New York the loss from 1899 is 30 per fjent. The excess over 1898 reaches 23*1 per cent, and making comparison with 1897 the gain is seen t;o be 51-0 p. c. Fremont Hastings Tot. other West. St. Louis New Orleans LoulsTllle Galveston Houston Savannah Richmond Memphis Atlanta Nashville Norfolk Augusta Knoxville Fort Worth Birmingham Macon Little Bock Chattanooga Jacksonville Total Southern.. Total all Outside N. York. Montreal Toronto Winnipeg Halifax Hamilton St. John Victoria Vancouver Total Canada.... 1,048,032,742 1,248,322.760 90,302,974 83,4S8,942 31,200,R42 26,457,069 20,146,573 38,781,549 4,611.182 4,333,926 2,559,048 2,608,554 2,0»1.67f" 1,974,684 1,028,411 1,088,299 884,788 1,037,499 926,430 801,178 395,900 433,800 1,190,506,75« 1,418,903.159 116,023,59(1 5.787,600 2,612,930 1,247,044 1.120,088 1,239,367 907,337 885,871 484.926 545.777 127.451.286 7,251.000 2,700,371 1,542,370 1.631,007 1,754,292 1,393,934 933,504 664,035 586,542 129,854,630 145,908.341 129,628,884 16.262,600 7,610,268 11.113,826 6,021.454 4,600,000 2,636,515 2.116,894 2,124,259 1.170.553 1,119.578 1,016,437 298,013 684,312 547.187 493.000 402,870 359.894 364,677 318,867 253,028 127,279,882 13.863,800 7,456,139 8.563,530 5.232,2S1 4,746.100 2,599,647 1 802,951 188,103,146 178,910,902 16.422.651 1.936,681 1,452,367 1.661,608 1,400,000 1,128.074 745,375 634,849 271.440 142,998 18,269,996 2,247,402 1,733,805 2.677,189 1,965.693 993,204 1,008,426 654,571 262.541 165,325 1,551,781 1,177,620 9-'9,2l8 715.887 244,802 478,277 304.948 404.700 392,681 330,812 348,053 208,010 280,0110 12,518,793 10.000,476 5,853,120 4.208,929 4,201,891 4,000,000 1,413,358 748,577 1,150,223 617,939 552,72 « 129,900 142.737 25,796,023 10,662,181 8,738,142 4.538,434 4,631,976 2,961,368 2,491,189 1,390,722 621,958 993.466 578.619 492.856 169,413 131,872 45.438.687 38,402,194 30,237.443 10,456.474 8,022,070 2,954.000 3,600.000 4.832,683 31,483,798 8.599,163 8,234,730 2,931.100 8,957,838 1.655,912 3,184,088 2,025 054 1,473.979 1,347.350 987,626 876,685 499,427 912,148 632,750 451,000 391.953 297.398 258.826 29,947.661 3272,254 2,801.408 1,808.673 1,492.418 1,354,647 1,479.781 548,935 781.932 802,161 587,000 425,633 408,693 308.650 76.171.355 69,100.626 1.660,021.10S 1,877,021,244 532,464 501,785 735.896 630,698,484 15.887,481 8.392.924 1.460,780 1.175.198 763,051 545,S79 584.070 562,242 26,454,114 29,391,623 611,988.861; 11.781 371 9.329,298 1,585.074 1.393,807 594.621 17. 1898. Terms of Subscription— Payable in Advance: $10 00 For One Year 6 00 For Six Months 13 00 European Subscription (including postage) 7 50 European Subscription Six Months (including postage) £2 148. Annual Subscription in London (including postage) do. *1 lis. do. eixMos. do. Above subscription Includes— Street Railway Supplement The Qootation sopplement State and City Supplement The Investoks' Supplement (Per Incli Space.) Advertising— Terras of Transient matter $4 20 Three Months (13 times) $29 00 " Six Months (26 ).. 50 00 standing business cards. " ).. 87 00 (8 times).. 22 00 Twelve Months (52 Two Months (semiAimuaiiyj $ 785.675,895 69,684,807 18,460,644 16,146,811 -15-9 -7-5 -15-2 -481 +6-4 +2-0 -5-6 4,(104,282 1,987,667 1,715,379 1,073,278 734,860 742,871 356,700 -5-5 -14-8 +15-8 -8 8 —16-1 900,582,694 -9-7 100,432,672 5,094,000 2,128,001 1,443.014 1,417,756 1.467,572 1,297,174 846.391 660,371 502,670 -202 -33 -19-1 -31-8 -295 -34-9 -5-1 —27-1 -7-0 -11-0 +1-8 +17-3 115,289,624 100,177,244 12,395,000 6,900,394 6,467,981 4,631,376 3,504,800 +21 +29-8 -4-0 -5-2 +14-2 +17-4 +36-9 -0-6 +20-6 +46-2 +21-8 +43-1 +79-7 2,469,6651 1,657,883| 1,480,844; 954.663 788.200 865,620 275,378 400,000 315,146 265.600 291.472 248,206 300,000 163,975 184,240 -f21-8 +2 6 +8-8 +4-8 +67-7 -8 9 +5-1 +11-2 +1---0 +19-3 +55-1 +40-4 -120 -H7-4 —31 -3 3 11,891,877 7,258,976 5,541,827 3,617,418 3138,546 6 1,807,302 1,147,958 649.360 +16 +12 836 404 534,606 489,605 119.651 110,288 1 -23-3 +8-2 +18-3 -4*0 +21-6 -2-6 +0 8 +21-7 +191-9 +2*8 +38-3 37.143.618 27.751.859 0,699.818 7.077,883 2.910,950 2,499.260 2,384,781 3,455,977 1,989.666 1,420,434 1,208.473 025,011 704,163 623,017 705,483 468,266 649,000 476.752 356,182 258,444 --22-7 --10 4 -37 2 --68-8 - +9 5 —144 +50-7 +30-2 +8 6 +86'8 +19 3 +10-2 —11-6 -30 —25-8 +11-2 +7-0 +18 6 —22 1 —14 1 -2-5 +30-9 -10-0 65,3»7,9i0 1 335 400 297.600 232,391 176,711 280,000 133.620 122,865 1,046,532 438,914 499.000 24,605,413 +20-4 +16-8 —10-5 102,309.866 73.476,543 10,785,750 5.327 258 5.516,360 3.778.487 4,386,800 1,632,461 1.418.377 1,295,077 795,878 583,806 1,448,8631 1,895,077' 821.620; 929,2381 +20 +60 650,484,999 88,486,012 4,967,800 2.199,138 1,409,887 1,230,173 1,817,605 1,029.718 755,594 543,446 422.295 110554.333 +174 +14-4 +29-0 -9'1 +41-9 856,855,125 57,970,012 12,844,756 13.847,50« 3,348,559 1.860,554 1.413,339 785.451 650.646 689,451 318,700 143.737,187 15,823.089 1,508.877 1,507,027 579,885 179,699 114,048 +15-6 1897. 286,761,039 501 086,044 14 852,209 8,082,368 1,344,126 1,070,0001 785,087 496,344 26.090,074 12,484,487 946 162 815.547 868,614 500,000 86,715 45,033 17,220,024 9,530.930 4,400,795 19,909 3,438,060 2,246,252 1.226,405 950,724 483,326 579,392 433.782 896,036 62.988 76.126 4,1 27,948,532 22 996,419 8.035,136 5,683,490 2.098,400 2.569.813 1.760.986 1,920.869 2,018,134 1,229.905 081,380 912,788 839,677 886,273 600 368 848,849 466,000 296,267 239 631 244 970 53,688 134 9ft2 084,8S8 405 209,703 8,917.498 5,991,877 858,609 1,099,617 648,449 443.566 17.869.698 THE CHRONICLE. 564 [Vol. be told that a responsible THE FINANCIAL SITUATION. possession, willing to The sensation of the week has been the absorption by the Metropolitan Street Railway of the Third Avenue party has LXX. come into assume or take care of its debt at a low rate of interest so as to reduce the fixed charges materially, a party, too, so situated as to be able to make an important reduction in the expenses of operachievement the most notation and management to be told all this is no doubt able of the first quarter of 1900. It is indeed the a bit of good news the like of which Wall Street has only event within that period that has really given a not had for many a month. It gives to the whole degree of buoyancy to the whole Wall Street market. situation an aspect of hopefulness. Not only are the It resulted in large transactions at the Stock stockholders in that property who have been able to Exchange, rapid advances in the prices of a considerretain their holdings relieved from the threat able number of securities, a phenomenal advance in ened danger of total loss, even from the the Third Avenue stock, and a better feeling with danger of assessment, but more than that, they reference to all kinds of properties. It obviously are allowed to anticipate a recovery in time in would be too much to say that the event presaged a We road. general might call this recovery of — and yet we are confidence; inclined to attach a good deal of weight to this trans- action in the way ing sentiment, of effecting a change in the prevail- if affairs are arranged as is now anticipated. the value of their stock. Notice, likewise the evi- dences we have had of the community of interest exand referred to above; we mean the depression or buoyancy attaching to other properties because of the lapses or recoveries in one. No sooner had the isting news with reference to the Third Avenue Road become known at the Stock Exchange than there was a importance is the statement that the Third Avenue rapid rise in the stock of every local surface and eleroad will soon be taken out of the hands of Receiver vated transit property. A decline in these subseGrant and not go through a heroic process of requently was natural, too. The sympathetiQ feeling organization. Of course the assurance that the acts in an impulsive way. Its presence and its tenroad will not be reorganized would in itself dency were shown in that impulsive form by the adhave no recuperative influence would be it vance. If the conditions referred to above develop as harmful rather were it not expected that through favorably as anticipated, this community of interest the new ownership funds could be secured and will also develop greater permanency. We are not economies practiced that would bring the property looking for a promiscuous movement, but for advances out of its present embarrassment. A promise that the where there is merit to warrant them. change will secure such relief is the encouraging feature. It is encouraging because it tends to remove a Another development of the week which cannot be feeling of apprehension, shared in by stockholders in regarded otherwise than as encouraging is the adjustmany other concerns, arising out of the fact that a ment of the dispute between H. 0. Frick and Andrew property which has ranked so high as the Third AveThough this concerned merely personal Carnegie. nue could be so nearly bankrupt through expenses differences between well-known figures in the iron and incurred during a brief period as to lose substantially steel world, there was always the possibility that these all its value or at least so much of its value that no differences might lead to a clash in the trades thembanking house in the city could be found to underselves, with the effect, perhaps, of causing considertake its rehabilitation. The kind of fear this experiable disturbance in such trades. The agreement now ence has occasioned has, as we all know, a pervasive reached removes any threatened danger of this kind. character; the thought it suggests is that what has It is an interesting fact, too, that the outcome of the occurred in one case might with just as much matter is the formation of another gigantic iron and reason turn out to be true of many others. It steel corporation. By the terms of the settlement the happens so likewise that during the past Carnegie Steel Company, Limited, the H. C. Frick Coke nine months or more unfortunate developments Company,and all the allied concerns, are to be merged have been the common lot of a great many owners of in a new company organized under New Jersey laws, stocks, not only in one large class of companies but with a capital of several hundred million dollars. also in some promineut specialties. Hence it is that The concentration of the great iron and steel interests the times have been productive of despondency among in the hands of a few large concerns cannot but tend investors instead of confidence. Having a suspicion It is an advanto promote stability in those trades. that one's property or a considerable share of it is sittage both in times of busineee activity and in times of uated over a kind of dormant volcano that may break When industrial conditions are favorable, depression. into activity at any moment by no means inspires a as at present, such concentration allows the concerns sanguine feeling. On the other to take full advantage of the fact. hand, when trade is bad it is possible for such large We have often in recent weeks heard people wonder concerns, controlling everything needful in the manwhy Wall Street, at a time of general business pros- ufacture of their product, to adapt themselves Avith perity, is having so long continued a period of in- greater readiness and facility to turning out goods at activity and dejection. When the losses the public low prices. The prospect at the moment in the trades have sustained are remembered, and the mismanage- concerned is very satisfactory, barrinsr, of course, any ment and frauds that have been disclosed [are added, unfavorable developments to arise from the spread the wonder should be that the Street has not suffered of the machinists' strike. The phase of the matter that carries with it chief ; — more than that delinquents case the of losses Third has suffered so much. there has probably been it maladministration entailed Avenue so Railroad. so Amoog the The prosperity which the coal and iron companies no single are enjoying is well shown in the case of the Tennesprominent, and of see Coal Iron & Railroad Co. Having arranged for great, Now, as those of the the retirement of its preferred stock, the company has unexpectedly to now resumed the payment of dividends and two per t March 24, 1900.] THE CHRONICLE. cent has been declared on the common stock, payable May 1. Previously the company has paid no dividend on its preferred stock since 1893 and none on the common stock since 1887, the latter thirteen years ago. The company's annual report for 1899 has been the Reserve Faud 565 whicn a corresponding amount of gold coin and bullion has been assigned, and the eliminatioa of that amount from the General Fund, does away for all time with one of the misleading features of the old form of statement by issued this week, and we publish it at length on sub- which the available balance was always made to sequent pages. In the year covered by this report appear so very much larger than it really was. there were many outstanding contracts to be filled, It is conceivable that some time in the future made at low prices, and yet the income account shows this Reserve Fund may consist in part at least a surplus for the twelve months over and above all of notes, but at present, as already mentioned, it is The various Trust charges of $1,210,911, this comparing with only made up wholly of gold. On one side $224,976 for the twelve months preceding. What Funds are clearly and specifically stated. may be expected, now that low-priced contracts have of the account, in the Division of Issue, appear the been disposed of, is indicated by the monthly returns certificates or notes outstanding; on the other side, which have been received since the close of the calen- in the Division of Redemption, the coin or notes held dar year. For February the company reports net of for their redemption. Thus the $212,495,779 of gold $315,209 in 1900, against $61,170 in the correspond- certificates outstanding March 22d are represented by ing month of 1899, and for January the net was $212,495,779 of gold coin against which they have The General Fund for March 22d shows $312,972, against $79,337. For the two months the been issued. of $150,000,000, to is $628,181, against $140,507; after money holdings in excess of the current liabilities in deducting interest charges there remains a surplus of the sumof $160,460,843. It is worth noting that with the first of the $518,628 for the two months of this year, against a made a change in the similar surplus for the two months last year of but year the Treasury also Previform of its "Circulation Statement." $47,381. ously, for many years, what is called the general stock of money in the country was always The Evansville & Terre Haute is another company stated much too large, owing to numerous dupliwhich is enlarging the returns to its stockholders. cations. These duplications consisted in the inThe board of directors have this week declared a clusion of the various issues of certificates as well semi-annual dividend of 1^ per cent on the common as the coin or notes against which such certifiThe company in October last paid two per stock. The duplications no longer apcates are issued. cent on the common shares, but this was an annual pear, and now for the first time the stock of money dividend based on the results for the fiscal year endin the country is correctly reported. ing June 30 1899, and it was the first payment on these shares since 1893. The dividend now announced There has been no change in official rates of disis specifically stated to be semi-annual, thus placing count at the chief European centres this week. The the stock on a 3 per cent basis. A statement has been tone of the open market at London has been slightly submitted showing for the half-year to December 31 The Bank of easier but at Berlin it continues firm. 1S99 a surplus of $135,745 above charges. DeductBengal at Calcutta, it may be noted, reduced its rate ing the full annual dividend of 5 per cent on the of discount from 7 per cent to 6 per cent, and the preferred stock, calling for $64,120, there remains a Bank of Bombay at Bombay reduced its rat^ from 8 balance of $71,625, while the 1^ per cent dividend per cent to 7 per cent. It was announced at the semiTherefore just declared will require only $59,950. annual meeting of the Bank of England on Thursday the directors felt warranted in assuming that a simthat the profits of the Bank for the six months had ilar payment could be made out of the earnings for been £786,149, and a semi-annual dividend of 5 per the second half of the year, the more so as full allowcent was declared. This has been the regular rate ance for the twelve months' dividend on the preferred since 1897. The statement of the New York associated shares has been made. The Evansville & Terre Haute banks for last week, though showing a further reducis located in a section of country where the roads are tion in the surplus reserve amounting to $2,989,950, enjoying great prosperity at present. was more favorable than many had expected. The loans were reduced by $11,311,400, indicating the In compliance with the requirements of the Gold release of bonds which have been carried by speculaStandard and Kefunding Act, which became a law tors with the aid of bank loans in anticipation of the total of the net week, the daily Treasury statements are now is- sale of the securities at a profit when the gold standsued in a new form. The effect is to greatly sim- ard should become effective. Specie fell off $5,453,plify the return and to reveal with a clearness and 100 and legal tenders decreased $1,372,600, while The banks were distinctness not possible before the exact position of deposits were reduced $15,343,000. the Treasury and also its obligations on behalf of reported to have held $2,686,425 surplus reserve. various funds. As provided by the new law there There are some indications that the statement to are now two departments in the Treasury, which to- be made public to-day will show an improveIt is expected that loans First we ment in bank conditions. gether embrace three separate funds. last have the Division of Issue and Redemption, will be further reduced, through liquidation of under which are grouped the Eeserve Fund and Government bond collateral, as above noted, and the Trust Fund. The second department comprises judging from the operations of the Sub-Treasury durthe so-called General Fund, comprehending the ordi- ing the week there will be shown a smaller amount of nary current assets and liabilities. It is a great point money absorbed from the banks and large disbursegained to have these ordinary transactions separated ments for pensions, and also for the payment of checks from the other matters, which really have no bear in g drawn for premiums on the refundable bonds; such upon the condition of the Treasury. The creation of payments on Thursday, it^may be noted, were $8 60,- .. THE CHRONICLE. 556 Some banks [Vol. LXX. were to the Cape, £155,000 to Brazil and £10,000 posits have been drawn down by check to a consider- miscellaneous), to shipments of £33,000 net to the inable extent during the week, and that probably the terior of Great Britain and to imports of £166,000, of deposit line will be reduced. Washington despatches which £155,000 were bought in the open market and report that up to Thursday applications had been re- £11,000 were from miscellaneous sources. ceived for the exchange of 1122,385,400 old bonds for new, under the provisions of the Act of March 14 The foreign exchange market has been dull and 1900, and the refunding operations seem to be prowith an easy tone during the week, though the ease gressing quite favorably. has been chiefly noticeable in short sterling, which has been influenced by offerings of bills against securities Monfy on call has this week been less active than bought for European account, and also by the comparmight have been expected considering the low bank atively firm rates for money in our market. Long reserve. Bankers' balances have loaned at the Stock sterling has been steady, affected by fractionally lower Exchange during the week at 6 per cent and at 3 per digcounts in London and also by some buying for cent, averaging about 4^ per cent. On Monday loans investment. The offerings of commercial bills are were made at 5 per cent and at 4 per cent, with the not liberal and those against cotton which are coming bulk of the business at 4J per cent. On Tuesday forward are promptly absorbed. Gold received at the and on Wednesday the transactions were at 5 per cent Custom House during the week was 131,269. The and at 3 per cent, with the majority at4|@5per cent. Assay Office has paid 1927 24 for domestic bullion durOn Thursday loans were at 6 per cent and at 4 per ing the week. There was a shipment on Thursday of cent, with the bulk of the business at 4^ per cent. On Friday transactions were at 5 per cent and at 3^ 1500,000 gold by the London and River Plate Bank to South America. per cent, with the majority at 4| per cent. Banks Nominal rates for exchange have been 4 83@4 83^ and trust companies quoted 5 per cent as the minifor sixty day and 4 86@4 87 for sight during the week. mum, with some loans at 6 per cent early in the week, Rates for actual business opened on Monday unchanged but on Thursday the majority of the banks marked compared with those at the close on Friday of last their loans down to 4 per cent. Offerings of week, at 4 82@4 82^ for long, 4 85|@4 86 for short time money are liberal, and lenders seem anxious and 4 86^ @4 86f for cables. The market was dull and to place contracts for long periods, even to the On the following day short sterling and oables easy. end of the year, naming 5 per cent as the rate on were weak, closing barely steady at the decline, ar.d good mixed Stock Exchange collateral with 20 rates for actual business were one-quarter of a cent per cent of industrials. The demand, however, is lower for the former at 4 85|^@4 85| and half a cent chiefly for short periods, and some engagements are lower for cables at 4 86@4 86^, while long sterling was reported at 4^ per cent for thirty to sixty days. Quotaunchanged at 4 82@4 82^. On Wednesday the market tions are Ai per cent for thirty to ninety days and 5 was easy though not quotably lower and on Thursday per cent for four to six months on good mixed seit was also easy, but the only change in rates for actual curity. The inquiry for commercial paper is quite business was a reduction of one-quarter of a cent in light, local banks being out of the market, and there short sterling, to 4 85i@4 85^. The tone was easy on is a very moderate demand from out of town. The Friday. The following shows daily posted rates for offerings are only fair, and the makers of paper seem exchange by some of the leading drawers: inclined^ to wait for lower rates. Quotations are 4|@5 DAILY POSTED BATES FOB FOBEIQN EXCHANOB. per cent for sixty to ninety day endorsed bills receivable, 5@5i per cent for prime and 6@6| per cent for FBI., MON., Tubs., Wed., THtm., FBI., good four to six months' single names. Afar. 16. Mar. 19. Mar. 20. Mar. 21. MvT. 22. Mar. 28. 000. also report that their country de- Brown Bros Baring, Military operations in South Africa seem to have been suspended this week, though it is reported that the Boers are massing on another line of defense and that there have been several minor skirmishes with the advance of (reneral Eoberts's forces. Negotiations between the Presidents of the South African republics and the English Ministry, which are supposed to relate to terms of peace, are said to be in progress. Dispatches frcm Bloemfontein March 22 report the arri- Magoun 4 Co.. Bank British No. America.. \fi^^/,^: $60 days. ( J Sight... 60 days ( Sight... < 60 days, 83 I Sight... 4 4 4 4 4 4 4 86>i 86« 83 83 86}^ 86M 8Sli 87 i?^ Sight.. . LazardFrere8...|maty«; Merchants' Bk. of Canada P« 83^ 83 !< 87 83 ( ( Heldelbach. Ickelhelmer & Co. 83J^ 87 4 83Vi Montreal Canadian Bank . il« 60 days, 60 days. Commerce. 87 i?^ Sight... J ol 83}i 4 87 4 83)^ 4 87 \ Bank of . 4 4 4 4 4 (60 days, I Sight... 8^^ 87 The market was ~83 83 83 83 86J^ 86« 86« 83« 86X 88« if« 11^ 83 83 87 83 87 83 86« 83« 86« 86^ sen 1?^ 8^« mi 87 P« i?« 83 87 83« 83^ 83 87 83 86>i 86X 86« 83 83 86^ 83 86 831^ 86H 83« 83 86 83!^ 83X 87 87 87 87 87 83 on Friday, with rates for val of General French's cavalry at Thabauchau. A actual business 4 82@4 82^ for long, 4 85|@4 85^ for Commercial on dispatch received in London March 23 reports that short and 4 86@4 86|- for cables. for documents payment and 4 80|@ banks 4 81^@4 81f Colonel Plumer has been obliged to retire to Crocodile easy cotton for payment 4 80f@4 81, cotton for Mafeking. The 4 82 Bank of England minimum rate of discount remains acceptance 4 81^ @4 81f and grain for payment unchanged at 4 per cent. The cable reports discounts 4 81|@4 82. Pools, thus delaying the relief of ; bank bills in London 3f per cent. The open market rate at Paris is 3| per cent and at Berlin and Frankfort it is 5i@5f per cent. According to our special cable from London, the Bank of England lost £332,268 bullion during the week and held ,£35,500,830 at the close of the week. of sixty to ninety- day Our correspondent further advises us that the loss was due to the export of £465,000 (of which £300,000 The to following gives the week's movements of and from the Week EndiriQ March interior 23, 1900. by New York Received by banks. Shipped by N. r. Banks. N. Y. Banks. Cnn*eiicv (Jold Total gold and legal ten ders money Net Interior Movement. 1,183.000 12.067,000 946,000 Gain. tl.97S,000 176.000 Gain. 15,164,000 $3,013,000 Gain. •8,151,000 14,043,000 March THE CHRONICLE. 24, 1900.] With the Sub-Treasury operations the result is as follows: Wuk Banks Kndino March Out of Banks. Into 23. 1000. B(mk$. Interior moTement, as above Total KOld and le^al tenders $3,013,000 Gain. $2,151,000 1«.800,000 18.000,000 liOss. 1,200,000 121,964.000 121.013.000 Gain. $951,000 following table indicates the In the principal European banks. March HoldinoB. 16,164.000 The Bank Net Change in Bank amount March 22, 1900. of bullion 38. 1899. of Gold. Silver. £ Bngland France Total. Ootd. £ £ Silver. Total £ 86,500,830 82,477,500 82.477.600 77,599,841 45,774,972 123,374,813 72,901,698 47,944.027 120,846,725 28,061,000 14,456,000 42,617,000 80,441,000 15.682,000 46,123,000 88,691,000 6,314,000 90.005,000 97.607,000 4,544,000 102,141,000 87.547.000 8,580,000 46,127,000 20,928,000 10,434,000 40,362,000 18,664 000 15,241,000 28.905.000 11,608,000 11,260,000 22,888,000 15,413,000 1,602,000 17,014,000 16,228,000 2,350.000 17.576,000 4,812.000 6,879,000 11,191,000 4,972.000 6,08i,000 11,056,000 8,193.000 1,597,000 4,417,000 S.945,000 1,472,000 4,790,000 86,500,830 Germany^.... Bosflla AnB.-Hun(?'yt Spain Italy Netherlands.. Nat.Bel8'm„. Tot.tbl8 week 299.392.171 99.523,973 398,916.143297.684.198 100890027 398,374,225 Tot. prev. w'k 301.188,159 100214366 401,402.525298.182.789 89.640,247 397,823,03a t ler The Austro-Hungarian Bank Statement is now Issued In Kronen and Helf, Instead of Gulden and Kreutzer. The reduction of the former currency t £ was by considering the Gulden to have the value of 50 cents. As sterliuK the Krone has really no greater value than ao cents, our cable correspondent in London, in order to reou';e Kronen to £. has altered the basis of conversion by dividlns the amount of Kronen by 24 instead of 20. * The division (between gold and silver) given in our table of coin and bullion la tlie Bank of Germany and tlie Bank of Belgium is made from the best estimate we are able to obtain in neither case is it claimed to be accurate, as those banks make no distinction in their weekly returns, merely reporting the total gold and silver, but we believe the division we make is a close approximation. Note.— We receive the foregoing results weekly by cable, and while not all of the date given at the head of the column, they are the returns issued nearest to that date—that is the latest reported figures ; TBB SOUTH AFRICAN SETTLEMENT. The progress of Lord Eoberts^s campaign in the di- and the tentative application for terms of peace submitted by the Boer Presideuts unite in proving that the South African war is near its end. This, we think, is true notwithstanding the rumors of yesterday of a check to G-eneral Gatacre and the news that the forces for the relief of Maf eking have been delayed. As a matter of fact, the war is already over in the Orange Free State. Practically, the country rection of Pretoria 667 Considering all the circumstances, this document is probably unprecedented in diplomacy. A government may propose or exact peace on these terms when it has successfully opposed the attack of itB opponent, and the letter of the Presidents was precisely the communication which might have been indited under such circumstan ces. It charges the English with having caused the war by threatening " the independence of the South African Republics;*' it insists on the recognition of both republics *' as sovereign international States." It does not merely ask, but demands, immunity for the Cape Colony Boers who took up arms against the British Government, and adds, in no very placable tone, that " on these conditions, and on these alone, are we now, as in the past, desirious of seeing peace re-established in South Africa.'" The writer of this letter to Lord Salisbury must have been perfectly well aware of the incongruous tone of this communication, as an address from a defeated government to its victors, and of the grotesqueness of his appeal for peace in the light of diplomatic rules. If this is true of the general tone of the communi- even more true of the specific proposiThere are people who believe that threatened tions. English aggression provoked the war, but there is no one who denies that the Boers began it; that they prepared for it during four years ; chose their own time, and made it inevitable by submitting as an ultimatum demands which, they perfectly well knew, neither the British Government nor any other government in similar conditions could for a moment entertain. To propose restoration of the status quo *' on these conditions alone" and without a single concession on the side of the Boers is simply to demand that the British, having won the fight, should yield to the Boers on every point which made the contest inevitable. We doubt if Great Britain could have granted this, even if it had been defeated. As a plan proposed by the vanquished party to the victor, it is cation, it is is cleared of hostile forces. In response to the proclamation of the British commanding general, the a curiosity in diplomacy. Free State burghers are coming in by the hundreds Of the other oddities or perversions of fact in the to surrender their arms. The President has fled, but Presidents' communication we shall only observe that the law courts at Bloemfontein have resumed their the letter accuses the English of having threatened work under Lord Eoberts's protection. The only gov- the independence, not only of the South African Reernment in the Orange Free State to-day is a British public, but of the Orange Free State. This is an Government, and we suppose that the cordial welcome absolute and notorious mis-statement of the truth, which, the despatches say, was extended to the English since there had not so much as been any communicaArmy by the Bloemfontein citizens was prompted by tion between Great Britain and the Orange Free State their knowledge that no other governtneat was now in the successive stages of the Transvaal controversy. possible. As an alternative to anarchy, the humane The motive which led President Steyn to throw in rule even of a hostile general will be greeted by most his country's fortunes with his neighbor State may law-abiding citizens. have been honorable in the highest degree, but it did The South African Kepublic has not yet fallen, not arise from any overt or secret menace of the Free but signs are not wanting that the end of this Gov- State's independence. As for the demand that both ernment, too, cannot ba far off. At best, the break- republics be recognized as ''sovereign international down of the Transvaal opposition can be delayed only States," it is enough to say that the South African through the medium of a siege. The collapse of the Republic was not thus recognized by the convention Orange Free State has deprived the Boers of nearly either of 1881 or 1884. The reservation to England one-half their fighting force the English now hold of the veto power over any external treaty of the the key to all approaches into the South African Transvaal was acquiesced in by Mr. Kriiger's GovernRepublic, and the faint hope of foreign intervention ment up to the declaration of war last October; and has been dissipated by the incideitts of the last two nothing could be more distinct a denial of interweeks. The Boer Presidents, recognizing the situa- national sovereignty than this. In short, the detailed tion, made the first move in their suit for peace on propositions of this first plan of settlement are of a Mirch 5. Addressing the British Premier directly, piece with the letter's general tone. They simply Mr. Stejn and Mr. Kriiger olfered and asked suspen- demand concessions. To parallel the position of ; sion of hostilities status quo. on the basis of restoration of the we must imagine China at the the Japanese war demanding that Japan these two diplomatists close of — THE CHKONICLE 558 [Vol. LXX. and retire with a of the opposition, among the Boers themselves, against tacit apology; or Spain in September 1898 insisting the existing Government, prior to the Jameson Raid. that the United States, as the only terms of peace, He repeats a current story that Mr. Kriiger's maladratify formally and finally the right of the Spanish ministration actually drove some of the Transvaal Grovernment to retain both Cuba and the Philip- Boers to emigration, and Mr. Bryce has never been pines. accused of unfairness to the Boer side of the controSince it is not an admissible theory that these Boer versy. We can discern in this element of the situaproposals are mere trifling, we suppose that the shrewd tion the nucleus for a contented body of citizens old diplomatist at Pretoria had a definite ulterior pur- under the altered form of government, irrespective of pose in framing his letter to Lord Salisbury. To us, the support which will come from the British- born the only intelligible theory is that he meant to pro- citizens. Beyond all, the human tendency to rejoice pose a settlement which yielded nothing in order that at the end of war and return to peaceful industry, subsequent exchange of views might reach a compro- and to adopt contentedly a new form of government mise in which Great Britain could be persuaded to provided it is neither incompetent nor oppressive accept as little concession as possible. If this may be relied on. We do not recall any parallel case was its purpose, however, the move was undiplo- in history where this principle has failed to opmatic and untactful, and has failed completely, erate. as any one might have predicted in advance. The British Government, Lord Salisbury replied, THE PROSPERITY OF THE GANADIA:S "is not prepared to assent to the independence PACIFIC. either of the South African Republic or of the Orange Free State.'' Discussion of the question whether the business of This ultimatum, that the governments of the two the Canadian Pacific comes mainly from Canada or republics must be converted into colonial administra- from the United States, which at one time excited tions, creates less comment than would have arisen if considerable interest, appears to have almost ceased. Great Britain's purpose had not been foreshadowed It seems to be recognized that while the sjstem has since the outbreak of the war. The decision, how- been of incalculable benefit in the development of ever, is entirely logical. The experiences of the past British Columbia and the Dominion of Canada genyear have proved that fair play and honest govern- erally, it has not been without advantage to many ment cannot be guaranteed to the English residents sections of the United States. Primarily built in the of the Transvaal except by the extinction of the Boer interest of the Dominion, a fact of which the manoligarchy, and that this extinction could not be ac- agement have never lost sight, a broad line of policy complished except through colonial administration. has been pursued in its operation, and political conThe fact that two republics were to be subverted has siderations have not been allowed to control in the been made to do service for a good deal of regret or de- quest for traffic. The acquisition of the two American lines, the nunciation. It should be remembered, however, that Minneapolis St. Paul & Sault Ste. Marie and the Duthe title republic is sometimes merely a name to conjure with, and that the title alone cannot claim respect luth South Shore & Atlantic, as well as other moves, due to the reality. The military despotisms in Cen- long since demonstrated that the management were tral and South America which masquerade under the alive to the importance of connections with the northname republic deceive no thinking person, but their western sections of the United States. It is undeniable autocracy, though wholly different in form, is only a that this involved some loss of business to the Amerishade less absolute, in fact, than President Kriiger's can lines competing for the same traffic, but on the But further than this, Lord other hand it undoubtedly tended to promote the rule in the Transvaal. Salisbury's position is incontestable, that there is no road's prosperity, serving to supplement the necessarguaranty of peace in South Africa without such ily light traffic from the newer districts of British change in form of government. The political rights Columbia and the Canadian Northwest. Now, too, to which the citizens of both the Boer States have been the American roads, under the wonderful expansion accustomed will unquestionably be guaranteed to in their traffic and revenues which has recently octhem as they are, not only to the citizens of Canada curred, seem to be becoming gradually reconciled to and Australia, but to the Boers of Cape Colony. It this condition, though of course complaints of the is the diplomatic and military power which, in the rivalry and competition of the Canadian Pacific have almost unanimous judgment of the English people, not altogether disappeared. We refer to these matters now because the comcan no longer safely be left in the hands of governments thus situated. Under the official protection of pany's annual report for the late calendar year, just Great Britain, peace is assured for the Boer States; published (we gave it nearly in full last week), reveals without such protection, peace in the future would a noteworthy record of prosperity, and it is important restore all the conquered territory — understand that the success attending the building up of the system has been due more than anything else to the energy and far-sightedness of its management the ability to see the wonderful possibilities of development ofEered by the Canadian Northwest, while not being blind to the incidental advantages to accrue from making some of the contiguous territory The in the United States tributary to the system. rapid rise of this undertaking to one of the great systems of the day will always remain a striking feature in the history of railroad development in this Mr. Bryce pointed out in 1897 the strength part of the world. Incorporated as late as 1881, it is probably be impossible. We do not believe that, when peace on England's terms is arranged probably through the medium of the two Volksraads, after the Presidents have surrendered or fled the Boer citizens will murmur long. They will find that they are not oppressed, that tht y are better protected, and provided with better schools and cheaper railway service than they had under the extravagant Kriiger regime. The war indemnity will virtually be paid by the mine-owner at Johannesburg. The Boers will also find grievances of their own — — redressed. to — . — March now THE CHRONICLE. 24, 1900.] in point of milt age the largest system on the American Continent. We 559 Under the improvement in net results which has occurred, the company shows very handsome results pointed out a year ago that the aggregate length of road controlled and operated for the stock. Beside the direct increase in net earnby it must soon reach 10,000 miles. A table in the ings from the operation of the road, there has been a report gives the total as 9,816 miles, this including great change during the last few years in the results 250 miles under construction and also the Duluth on the two American lines controlled. These for a South Shore & Atlantic and the Minneapolis St. time proved a burden to the proprietary company, Paul & Sault Ste. Marie, both of whose accounts are but latterly the return from the investments on them kept separate. The Pennsylvania Railroad, in its has been steadily increasing. President Shaughnessy recent report, showed an aggregate of 9,237 miles says that the net earnings of the Duluth South Shore embraced altogether in the Pennsylvania system, & Atlantic for 1899 were $943,478, or about $14,000 including lines owned, controlled or operated. The more than the requirement for all fixed charges. other large systems in the United States all have a Notwithstanding the necessity for meeting all capital expenditures on that property out of revenue, the smaller mileage than this. Necessarily much of the Canadian Pacific lines road was able to pay $331,500 towards interest on its runs through sparsely settled districts and therefore bonds^^held by the Canadian Pacific, an increase over has only a scant traffic to draw upon, many of the 1898 of $122,500. The Minneapolis St. Paul & Sault districts having been uninhabited until the Canadian Ste. Marie, or "Soo" road, earned net for the year Pacific opened them up. Yet the growth in traffic $2,243,883, being $625,656 in excess of the requireand earnings has been no less noteworthy than the ments for fixed charges, including $159,720 on the expansion in mileage. It is not merely the late years' bonds of the road held by the Canadian Pacific. In increase, which was large, amounting in gross to over addition to the $159,720 for interest, the "Soo" road three million dollars ($3,091,061), or close to 12 per also repaid $325,000 advanced by the Canadian Pacific We commented cent, that attracts attention, but the continuous in earlier years to meet its charges. growth year after year. The statistics in the report a short time since on the fact that the dividend on the On these common shares of the Canadian Pacific has been incover the 7,000 miles directly operated. the gross earnings in 1899 were $29,230,038. This creased so as to make the payment out of the 1899 compares with $26,138,977 in 1898, with $24,019,534 income 5 per cent, against only 4 per cent in 1898. in 1897, with $20,681,597 in 1896, with $18,941,037 in The income account shows that after allowing for the 1895 and with $18,752,168 in 1894. The last-men- dividend at the enlarged rate, and after deducting all tioned year (1894) was to be sure a period of depres- charges, a balance remains on the operations of the sion and the gross then was 2f million dollars smaller twelve months of $2,203,847, equal to nearly 3^ per than it had been two years before, in 1892, but all the cent more on the $65,000,000 of stock outstanding. Perhaps most significant of all is the fact that this is rest of the increase in the interval since then repreThe average sents an absolute growth in revenues. The business, the outcome on low freight rates. too, has been on a profitable basis, for the gain in net has been declining for a long while, and in 1899 earnings has been equally marked. For 1899 the dropped still further, bringing it down to less than — reported at $12,230,165, which compares with three-quarters of a cent per ton per mile that is, 110,475,371 in 1898 and with $6,423,309 in 1894. to only 7*4 mills per ton per mile. To those who are The improvement since the latter year has been, it not informed on the subject it may seem as if this will be observed, almost 100 per cent. low average furnished confirmation of the stories of As a Nor has the growth in traffic been one-sided. It rate-cutting that one hears from time to time. net is brauches and departments of the matter of fact, the average is low because the freight service. For instance, since 1894 the passenger re- has to be hauled very long distances without breaking ceipts have risen from $4,840,412 to $7,098,096, and bulk and the traffic will not bear a heavy charge per the freight revenues from $11,445,378 to $18,738,885, ton mile. The average haul on the entire tonnage in while the revenue from mails has increased from the late year was not far from four hundred tons $498,129 to $618,385, from express from $342,472 to (383 tons), which gives an idea of the conditions preThe low rate realized makes 1663,960, from parlor and sleeping cars from $331,- vailing in this respect. has extended to all 719 to $441,647, and miscellaneous income from $1,294056 to $1,669,063. When the different items of freight are separately examined, the showing is the same. Take the figures for the last two years for illustration. In- these two years that is from 1897 to 1899 the tonnage of the system has risen from 5,174,484 to — economy in operations absolutely essential, and great being given to this part of the operations, with the result of bringing farther improvement in Thus in the late year the earnings per results. traffic train mile (freight and passengers combined) were $1*46 gross and $0-573 net, against only $1*34 attention is 6,630,903 tons, or nearly 30 per cent. The addition to and $0*502 respectively in 1898, notwithstanding the the flour traffic in the interval was only 1,094,154 lower average rates obtained in 1899. barrels and the addition to the grain traffic hardly We referred last year to the ease and facility with more than five million bushels, while the quantity of which the company is able to provide means for new lumber carried increased from 831,895,383 feet to capital expenditures through the issue of 4 per cent 957,702,349 feet, the number of head of live-stock consolidated debenture stock and 4 per cent preference moved from 663,773 to 810,559, and firewood from stock. During 1899 $12,164,594 was realized in this 185,208 cords to 202,461 cords. On the other hand, way. As the result of this and other receipts, the comthe traffic in manufactured articles rose from 1,310,827 pany's financial resources have further increased, nottons to 1,795,663 tons, and the traffic of all other arti- withstanding the additional outlays for new capital cles from 994,813 to 1,461,144 tons. In brief, out of which it had to make. The balance sheet shows that on the increase of 1,446,419 tons in total traffic in the two December 31 1899 the company had $10,904,247 cash years, nearly a million tons was in manufactures, chandise and general freight. mer- on hand, this including $1,359,629 held in trust for the "Soo"road. THE CHRONICLE. 560 licity, THE IND USTRIA L IN CORP OR A TIONS OF 1899. We ment have received many requests to compile a state- year 1899, similar to the statement published by us in As the organization of that year. combiDatioES, *' but popularly trusts," was easily the first six months of these industrial inaccurately termed most striking feature in the and as for this reason it is obviously de sirable to have a complete record for the twelve months, we have undertaken to comply with this request, and the result of our labors appears in the extended table given at the end of this article. Perhaps the most significant feature disclosed by the compilation is that it shows an aggregate of capitalization for the twelve months not very much greatThat fact er than that for the first six months. throws a flood of light on the conditions and developments concerning the industrial properties during the year, and quite accurately reflects such conditions. These properties were in the heyday of their prosperity in the early months the growing firmness of the money market and other untoward occurrences soon acted as a damper upon the movement, and by the end of the year it had become almost impossible to year's history, ; enlist financial support for undertakings of that de- scription. At the outset it is important for the reader know how our statement has been made up. It not a mere to is LXX. increasing the difficulty of obtaining informa. tion regarding their affairs. of the industrial incorporations for the calendar our issue of July 8 1899 covering the [Vol. The parties interested in such cases seem to have thought that the best way to justify the existence of their undertaking was to devote themselves to the development of its business without noise or display. We have found a number of new concerns quietly but actively at work, as to whose existence doubts had been expressed, and the names of which could not be found in the city directories, because they were organized after the 1899 edition of these directories had been issued. Following our previous custom, we have taken only companies having a capital (stock and bonds combined) of a million dollars or over, leaving out those falling below that limit. We have observed special care to avoid duplications. Where a company was formed during the year and was subsequently merged into or absorbed by another, we have taken simply the latter. This will explain the omission from the list of the National Electric Company, with a capital of 125,000,000, which was included in our statement for the first six months, both that company and the Pennsylvania Manufacturing Light & Power Co. hav ing been absorbed by the new Philadelphia Electric Company, with a capital of S25, 000,000. We have eliminated the Union Match Co. because it has been acquired by the Diamond Match. Where action has been taken or is proposed to reduce the original capital, we have in each instance entered the reduced amount. The table includes no companies organized or incorporated since the first of the current year, companies which have filed papers of incorporation at some one of the various Siate capitals. Such a lisx, could be easily compiled but would possess little or no utility. Evreo in ordinary times there are lots of incorporations which never come to anything. In 1899 the proportion that was stillborn was unusually large. It is within the knowledge of every one that hosts of proposed combinations had to be abandoned. 'J'hese obviously have no place in the list, and to include them would be decidedly misOur purpose has beea to differentiate the leading. dead from the living. Accordingly, we have taken only such companies as we could ascertaia had become going concerns or which showed evident signs la a word, we have undertaken of life and vitality. to indicate the combinations or industrial incorpara tions which have actually materialized, rather than those that were projected on paper. The capital reporganization is a vital, material fact resented by such It does, howincorporated companies lat ever, include a few in 1898, but which were not sufficiently advanced at that time to be embraced in our statement for 1898. Thus the People's Telephone corpora' ion was organized in October 1898, but did not become active until 1899. We give in each case the entire amount of capital authorized, though it may not all have been iesued, so as to show the full scope of the undertakings and their of the subject. been numerous increases in the capital of old companies made with the same purpose, that is to We acquire other properties or combine with them. cannot attempt to enumerate all these, but wo take cognizance of three instances where the expansion in We refer to the capital has been especially marked. capital whose has been raised Tobacco Co., American from 121,000,000 to I^SG. 000,000, the Continental Tobacco, where the increase has been from §75,UO0,- list of these belonging to the record for 1900. ultimate capital needs. In brief, the compilation on this occasion is on the same basis and in accordance with the same methods Hence comparisons our previous compilations with these earlier compilations can fairly and properly be made, and, as it happens, they are peculiarly instructive as showing what a great change occurred duras ing the last six months of the year. a total of capital Oar table now shows authorized for the incorporations which became going concerns of 13,512,380,000, this The capital represented by the covering preferred stock, common stock and new in the situation. combinations which never came into being is of no bonds, but not underlying liens on properties acconsequence whatever except in academic discussions quired. Besides these capital creations, there have As may well be imagined, to prepare a statement in accordance with the above outlines has been no easy In many cases the promoters, to more effectask. and purpose, have named dummies as incorporators, and it has often been difficult to trace back from these to the moving spirits in tually conceal their identity the undertakings. Again, admissions of failure couid not readily be obtained, the statement frequently being that the projects would be taken up later on. It is possible, too, that in some few i' siances this claim that the enterprises are dormant, rather than dead, may prove correct. We have excluded the dormant undertakings as well as the dead ones. xVmonff the smaller combinations there has aUo been in not a few cases an evident desire to avoid notoriety or pub- OUO to $100,000,000, and the Lickawauna Iron Steel, & which has augmented 000 to $25,000,000. have a grand total of its capi al from $3,750,Adding on these increases we $3,593,530,000 of new capital issues. For the six months to J :ne 30 we had found a total made up in the same way of $3,201,850,000. Hence ... . March THE CHRONICLE. 24, 1900.] the amount for the twelve months is but $391,680,000 larger than that for the first six months. Of course this does not mean that there was only that amount of new capital creations during the last six months. The amount was actually far greater than this. It does mean that the new organizations or incorporations exceeded by only that amount the sum of the capital of those which were included in the list in the 561 new 3f thousand million dollars of tions is large nevertheless, magnitude. there must be many be admitted, one of new combinations will it Among capital authoriza- the that possess merit. Obviously, however, time will be required for the absorption and distribution of this mass of new securities. It should also be remembered that the compilation does not include any combinations among the railroads involving first six months and which have now dropped out, or new capital issues. In the street railway world such which have been organized on a basis of a much combinations have been hardly less of a feature than The com- in the industrial world. In nearly all the larger smaller capital than originally planned. bination of the bicycle manufacturers at first contem- cities a process of amalgamation and consolidation has plated a capital of $30,000,000; the final arrange- been going on, under which the separate roads have ments provided for a total of half that amount. The been united under a common control. We may menAmerican Hide & Leather Company was to have $70,- tion as one instance the acquisition by financial in000,000 capital; modifications made the final amount terests of all the street car lines in St. Louis and their $45,000,000. The Illinois Electric Vehicle Trans- merger under the title of United Kailvvaya Company portation Company, starting with $25,000,000, has of St. Louis, having an authorized capital of $20,000,marked the amount down to $2,500,000, etc. 000 preferred stock, $25,000,000 common stock and We may cite the American Vinegar Company as a $15,000,000 mortgage bonds, making ninety million type of those which we have been obliged to eliminate dollars together, of which about 52 million dollars has from our list. This combination was planned on a been issued, the remaining 38 millions being reserved basis of $7,000,000 common stock and $4,000,000 for future uses and to retire underlying obligapreferred stock, or $11,000,000 together. The house which had arranged to finance the undertaking invited tions. subscriptions the latter part of April to $2,500,000 of izations should not escape notice, One feature in the statement of industrial author- namely the relatively the preferred stock. The inducements to take the email amount of bonds comprised in the aggregate of proposed issue were certainly very tempting. capital. Of the total of $3,593,530,000 for the year, Subscriptions were to be at par and were to only $326,950,000 consists of bonds, the remaining .carry a bonus of 100 per cent in the common stock $3,266,580,000 being made up of $2,354,305,000 comof the new company. A report from a firm of ac- mon stock and 1912,275,000 preferred stock. The countants was annexed, certifying that without taking following is the full detailed statement for the twelve into account any savings to be effected through econ- months: omies in working, the new company was assured of sufficient net revenue annually to pay 7 per Com. StoeJc. — Name of Company $ cent on the whole proposed $4,000,000 of pre700,OCO Machine Impro'nt Acetylene Gas ferred stock and 12 per cent on the whole pro- Alabama (Consolidated Coal & Iron 2.500,000 650,000 Alabama* Georgia Iron posed $7,000,000 of common stock (not all of Alabama Vineyard 1,000,0(10 76,000,000 Amalgamated Copper which was to be issued in either case). There was a Amer. Agriouliural Chemical.... 20,000,600 V4,000,000 American Alkali Automatic Loom Co... 1,200,000 proviso that dividends upon the common stock were American 675,000 Am. Automatic Weighing as. Co. A merican 5,000,000 Beet Sugar Co not to exceed 7 per cent until the new company had American Bicycle 20,0 lO.ooo 0,000,000 American Brass accumulated a surplus of $1,000,000 in the treasury. American Bridge 40,500,000 3,000,000 American Carbide Lamp As the common stock was to cost the subscribers American Car & Foundry Co ... 30.000,000 Amer Cement Co of New Jersey 2,100,' 00 «,00",000 Chicle nothing, the promise in effect was, it will be observed, American l,Oi 0,0i American Duplex Telephone *,n00.o00 American Electric Vehicle Co. that subscribers were to get a return of 14 per cent American Felt Co 2,500,000 American Ginning 5,000,«)00 upon their investment. The offer was prominently Amailcan 15.000.000 Grass Twine 1 . and extensively advertised in the daily papers, and yet the American Vinegar Company is now counted among the dead projects of the year. In this and the other ways mentioned the aggre gate has been reduced, so that notwithstanding the new additions the last six months, the full year, as amount already stated, stands but little for the larger . American Hide & Leather American Ice Co Amer. Incandescent Gas Light'g. American Iron & Steel Manut'g. American Match Co American Oil & KeUnery Co American Pastry & Manufac'g... American Pneumaiic Service American Prismatic Light Co American Kadiator Co American School Furniture Co.... American Shipbuilding Co. American Smelling & Uefln. Co. American Steamship American Steel Hoop American Steel k Wire Co. of N.J. Amer. Sterilized Air & Transp'n.. American Waro-Drawlng Mach.. American Window Glass American Woolen Co American Writing Paper American Zinc, Lead & Smelting. Anglo- American Rapid Vehicle. Arcadian Copper Artificial Lumber Co. of America Asphalt Co. of America . than the aggregate for the first half. Up to June 30 the additions had been at the rate of 500 millions a month. Thus in our issue of March 4 1899 we published a statement covering January and February and showing a total for these two months of $1,106,- A tlantlc Coast Lumber Auto-Blectric Company 300,000. In the issue of April 8 1899 we gave a Auto- Protective Appliance Co.... BaUlmore Brick Bethlehem Steel Co statement covering the three months to March 31 Bi gelo Carpet and recording a total of $1,586,325,000. On July 8 1899 we printed the statement for the half-year already referred to with a total of capital authorizations of $3,201,850,000. In each instance it will be observed the average was over 500 million dollars per month. is The total now for the year, as already stated, $3,593,530,000. But while the further increase during the months has thus been comparatively slight, a w Co Bingham Copper & (Jold Mining. Bingham & Eastern Cop'er Mining Birdsboro Iron & Steel Borax Consolidated Borden's Condensed Milk Boston & Briiiph Co'umbia Copper Mining & Smelting Boston Little Circle Zinc (of JopMo.) Boston Quicksilver Mining Boston A Seven Devils Copper. .. Boston Woven Hose & Rubber... lln. British Columbia Copper Brooklyn Development Brooklyn nock & Terminal Hrookiyn Gas & Electric I Ight last six Buffalo Gas total of California Butte Lighting & Power California Fruit Canners' Asso'n. Power Co ruui, JL until luscu Pref. Sloek. Bonds $ $ 300,000 non- c. 2,500,000 cum. 650,000 500,000 None. 20,000,000 6. 000,000 cum. cum. None. 675,000 cum. 5,000,000 non-c. 10,100,000 cum. £7,000,000 10,000,00 cum. 30,000,000 non-c. None. 3.000,000 1,000,000 cum. 1,000,000 2,50i',000 cum. 600,00 cum. cum. 10,000,00 None. 17,500,000 17,500,000 .30,000,000 .'0,000,000 2,000,000 17,000,000 None. 3,000,000 cum. I,00'),cn0 5.000,000 2,000,000 10,001,000 l,f 00,000 5,000,000 5,000,000 15,000,000 3'<;,500,000 I,(i00.0(50 19.000,000 50,000,(J00 2,600,000 2.30'',000 13,001,000 40,000,000 12,R00,000 2,500,000 76,o(i0,00 > »,750,000 8,500.000 30,000,000 1,000.000 1,0 lO.OOO l.oOO.OOO l,?00,00o 15.000,000 4,030,onO 2,000,000 l,00i">,000 3,< None. l.OCiO.COO cum. 5,OC0,O00 non-C. 5,000,000 cum. 5,001,000 cum. 15,000,000 non-c. 32,500,000 cum. 14,000,000 40.000,000 2,500,000 700.000 cum. cum. 4,00'',000 cum. cum. cnm. 25,000,000 12,500,000 1,500,000 17,000 000 None. None. 3.500,003 cnm. None. None. None. None. 30,000.000 900,000 cum. 1,600,000 None. + None. None. 00,000 3,00ii,000 4,000,000 cnm. 6,000.000 20,000,000 5,000,000 None. 1,000,000 None. None. 1,00(1,000 6,000,(i()0 450,000 750,000 l.C^O.ooo None. 2,00i>,000 None-. 1,500,(00 2,00 \noo 7,000 OOi l.OOo.OOO None. 3,fi00 000 5,000,000 cum. 2,ono,O0O non-c. 1.000,000 7,000,000 None. None. None 1,000,000 n^a . .. [Vol. THE CHRONICLE. 562 — Oom. Century Coal Co..... Chester Tube Mill Co. . . . 3 000,000 cum. 750.000 cum. 7,000,000 cum. 1 00,000 cam. ... ....... Columbia Automobile of N. Y..... Columbian & Blectrio Car-Lighting & Brake Co .. ..^...,.. Columbian & Electric Vehicle.... Columbia River Packers Aaso.... Columbus (O.) Gas MghtAHeatg Compressed AirCap.sule Co.... .. None. None. None. 1,500,000 ^!'2?iX'nn ?*??^'Soo i'tr.n cum. cum. 1,000,000 cum. None. |-Innonn I non'm None. None. i2nn?'o?n ^o'SSoonn Q-nnonno None. .HnnYnn Elm River Copper. ................. Empire State Power, Amsterdam Empire Steel A Iron Erie Brewing Co Brie Company Essex Union Water & Light ••• Eureka Fuel Fed. Gas & Fuel of Columbus, O.. Federal Telephone Co Fidelity International Flemington Coal & Coke Fort Pitt (Natural) Gas Fuller Round Bale Co Gas <fc Electric Co. of Bergen Co. Gas Self- Lighiing Co. of America General Aristo Co General Carriage General Chemical Co Gramercy Sugar Co. Of New Orl. .... Great Lakes Towing None. ?2'?kA'^,,n 1?-500.0UO S'^nn XXX 2,500,000 „„. ..„ ^^'Saa'aSS 800,000 cum. Ruby Match 600,000 oum. none 1,51 0.000 3,000,000 7,600.000 600,000 10.500.030 2.000,000 None. None. I'SO^-OOJ ^S'SSS'^a S'.aa'aaa 7,400.000 „„..„-» ,?'2^-S2x 15.000.000 1 000,000 1,000,000 2,000,000 2,500,000 750,000 aaa aaa iS^A'n^ Haa'aS^ Lanyon Zinc LarklnSoapCo Lewis Motor Vehicle . of America Maryland Brewing Co Maryland Telephone & Telegraph Mason Heating & Lighting Mayflower Mining Co Mengel Box Co ... Merchants' Wire * Nail Michigan Cooper Minine Midland Brick & Terra Cotta Lumber &Gibb Co Mills F3a^ *-52a'?xS S-^^X-XiJIi I'AAA'Ann f'SAn'oAn 5,000,000 ^-„ .„„ VoJk^i^S^ 25O,0t)0 , f Company Mononga Riv. Con. Coal & Coke.. Montana Coal & Coke Montana Power Transmission. ... Mount VernonWoodberry Co.... a Murphy Satety 3d Rail Bleet,rlc... Mutual Mercantile Agency Nashvill-tJas Co National Carbon Co National Cash Reu'ister 1'^Xa'XaR „i'ZxS'ASA 20.000,000 5'99xPa L^ a'oaa V'L"'™" L250.000 V??>X'^r^X ?-^aa'a,?? H^2-?,^2 2.6u0,oi0 20,000,000 5'9SS'aaa ,r'n?A'nAA Li luid.Alr Salt Co Nnticinul .SloeICo Nat'lonal ti?. I'late Co., -HTh.-ellng Nat. Tin I'late .% Stamp, Ware Co. . .. & I'oo.' ^' 4.000,000 2,-2UO,000 cum. non c. 2,000,000 non-c. 2.000,000 None. 600,000 None. 1,500,OCO 1,003,000 cum. 5.000.000 cum. 3,250,000 7.500,000 1,000,000 V'-aaa 'a *!? oMM^ 32,OOJ,000 •1*^?a^I^>a"a 6 Ono 600,000 l,200,(0aoum. None. 600,000 cum. 2,000,000 None. None, None. 1,700,00(1 10,000,0>.0 10,000.000 None. 1.2.'>0,010 14,000,000 non c. 1,000,000 non-c. None. 4,50i),000 non-c. 1,000,000 cum. 10,000,000 cum. None. None. None. 5,000,000 non-c. 27,000,000 cum. 500 000 1(^,000, )00 ^S'Scn' oS 2,0U0,00U baaapa 500,0CO ^250 000 None. 6000 000 . 0,000 1,750,000 cum. cum. 10,000,000 cum. 25,000,000 cum. 2,' lOOOO 000 cum. < '500 000 i'^Ji^'onn 5,000,000 25,000,001) 6,000,000 6,000.000 2,500.000 1,000,000 non-c. None. 600,000 cum. I'sooooo rtoo 0.0 Z'.ooutO ^-^O"'"*-" ^ ^^^^^^^ ^im-i^i H^X'aaj l.OOO.OOJ ?'?^1^'XXa 1,160.000 5,000,000 500,000 . 600.0CO None. 10,000,000 non c. 1,760,000 1,COO,000 non-c. cum. 1,150,000 5,0' 0,000 260,000 cum. 250,000 1,150,000 None. 400,000 cum. 2,000,000 sto?age Power sioooiooo 3,000,000 ^ Co:::::::..::.':::.";: ^^^ ^^^ 2,000,000 ... nnonnn ^^'P.^^'ro ?'^?,^-^X LO(iO,000 «n o ? 9'.!5? 000 nnn oa'Soo oSo 20,000,ouo 3?.9:.t 1 Ann . • . 00.000 20,000,000 9,1 l,Ou(>,000 6,000,000 1,000,' . ^Mm) l°y,'y^ 1-2UIV W 16,000,()0(J 30,000,000 non-e. None. l,(X)l',000 l-* ^•"'" 2,600,011" t.00,000 2,000,000 3,000,000 \-^'^'l^ otvAnioo 00 25,(00, cum. cum. cum. 300,C00 15,000,000 non-c. 12,.=)00,000 ^°'?nn'()nn 600,000 20,000,000 4.50O.OOO 3.500.000 2,000,000 250,000 non-c. ^^'.^nnVon V'Annono ia'aooOoO cum. 6,000,000 non-c. lo'^^onoo cum. cum. cum. 1,750,000 16,000,000 1,000,000 None. 1,000,000 None. None. 5,000,000 3,000,000 goQnof,^ ^,000.000 1 ', o 000 i'Boo'ooO ^•f^'n'OyX !•' O^""'" ^?'2?aooo Hkn-fm wl'^^lU&nsolldaied White Motor Wagtm ^oooiooo ! ! ! i i 1,750.000 cum. 12,;: 00.000 ,'^00 ono f •?,^,V' ,,w 1,500,000 Total 2,000,000 cum. 11,000,000 1,500,000 250,000 00 Washington Electric Vehicle Washington Telephone & Teleg. Wetmore (M. C.) Tobacco Co. of Coai: 400,000 cum. None. None. „,nAAnA 1 «' Universal Fuel. ••••;,• Utica Electric Light & Power • Victoria Copper Mining... Virginia Elec. By. & Development Co Virginia Iron Coal & Coke . None. lo'noo (100 10,010,000 Unlied'zincCompanieiV.'.".'.:''.'.'.. . None. None. t'fiooooo 1,600,000 . Steel. cum. 30.000 000 . UniteJElec. l,ight&Power(Balt). .„•••• United Fruit Co. United Illuminating of N. Haven It.)... (oil Heat g United Light'g & United Parcel Forwarding United Shoe Machinery Co Uni ed Starch Co United States Auto Motor. ..... United States Bobbin A Shuttle. U. S. Cast iron Pipe & Foundry... United States coupler & Man'g... United States Finishing Unlied States Flour Milling United States Glucose United Slates Iron United Sta<es Mining. ... Unit ed States Motor Vehicle U. S. Pneumatic Horse Collar. .. United States Stee.. United States Vehicle United Teleohone & Telegraph... United Veide Copper (West Va. & None. ono 000 VroooOO L^O^'^^g Trenton Gas AEleotric:::::::::::: TiiMountain Mining -j,-,--,-.-Tripler Liquid Air Truckee River General Electric San Francisco Dnion Bag & Paper Co... Union Brick of New England Union Gas & Klectric of N. Jersey Union Steel. oiBci » v>u<*i".. Union union SteelAChaln Union Water Light & Power United Electric Co. of N. J-..----. Iron 2,500,000 ^^^ ^^^ ?',,ftM ouo LDO^OUU 1 .... & Steel. Telegraph & Cable. . 500,000 rouOOOo |'^^'^^^ Xelton 5C0.000 25,000,000 q'soo 000 t ft n'ooo ^ ^.^^ 1,000,000 cum. 1,000,00« None. ],6C0,0O« 10,000,C00 None. None. ^^ 3,000,000 »'nooroo 7'500 0^0 Ci> Vehicle o'bOO nt^O Wyandotte Copper..... Yuba Electric Power Co None. 12.600,000 non-c. None. 2,500,000 non-c. woods Moior 10,000.000 cum. 40.000,000 cum. None. IS'soo 000 1 ro noo on'ono 000 1 cum. 1,000.000 cum. 600,000 non-c. ()0 i^ooo'ooo -•;•. William R. Grace .R.0 « 15O,0C0 6,500,000 1,000,OCO 2,500,000 Warwick 2,000,000 6,500,000 32,o0u,000 irioo6. 00 Tennessee Copper Co Tidewai er Steel Tootle,Wheeler & Moller Mercan- 6,500.000 17,500,000 Standard Quarry'g & Construct'n. Manutacturing Standard Sanitary i,.a,i^u.»^. •' Standard Sardine cTr.".T. Standard Shoe Machinery.. Stephen Merritt Burial & Crema- Telephone, cum. cum. cum. None. r'^oOoOO 12 V o (jOO "^RAn'Ano ^fionooo Fire Extiiiguishing Co. None. None. J-aaa'ama Automobile..... A Stamping Co. 1,000,000 750,000 600.000 2,500,000 '?'?.A?,'naA 000 *'500-OOS Susquehanna Iron ^'^^^Al?, l.COO.OOO 1,000,000 ?,oon,ooo 2,000,000 co. . i-^*??',nX Mononsahela Light & Power cum. cum. None. None. None. ?'^a2-aaa Mluneapol's General Electric 1,000,000 12,500,000 L2fi(),0C0 ivXn'ArA 3.000.000 1,500.000 '^^'V^a' Strohm Automatic Electric Safety Block System Co .• Sub-Surface Torpedo Co... Sulphur Dioxide. Fumigating & If|.000.o00 , Motiawk Mining 600.000 None. onno on Miners' Copper Co cum. ?'55X'5?,?. J',?SS'?aS Liquid Air Refrlgerafn & Power. Locomotive Smoke Preventer. Magnus Metal Co Makaweli Suear Manufactured Rubber. Marconi Wireless Telegraph Co. non-c. 5.000,000 None. §-559'X?2 ^-^nA'SnA 1,100,000 Southern Car & ^onv&ry .......... Southern Fruit & Transportation Spreckels Sugar Refinery ....••••• Springfield (Mass.) Breweries Co.. Stanoard Electric Co. ot Cal Standard Ice Manuf act urine.. Standard Phosphate & Fertihzer cum. cum. .^R'onn'oni . 1,5(10,000 J'£?S'a2S i'592'2Sx L99X-Snr i'nnno?n ?'??^nAX iitOOOO Qq 200,000 3,000,000 2,000,000 1' nrn"iino sios''s-^8hlffierds£4eV&Vron.::::::: Noie. 1,5CO,000 5,O0O,C00cum. ^iidoooi f ''"^'^XX ,*-OOO.ooo . . 1,800,«CO cum, cum. 1.5'"0,0C0cum. None. q 50(1000 |;600;?00 Santa Fe Gold & Copper Mining. St. Regis Paper........ Schuylkill Iron & Steel Seaboard Iron & Steel Severy Process Sharon Steel :v,-TiiU-Single Tube Automobile & Bicy- f .000,000 Keystone Oil & Gas ot Chicago... Keystone Watch Knickerbocker Oil & lias Lake Su peri or Steel Co Lancast ar Motor Co . 1,500.000 2.500,000 non-c. e.uoO.OOO non-c. None. I'nnnoou I-'^Aqo Royal Baking Powder Co Royal Salt & Chemical Royal St eel & Iron Rubber Goods Manufacturing Co. Rubber Tire Co. of America _ Ind... Brunswick Light, Heat 12,500.000 None. ^2" a?a' aaa Royale Copper Jersey City Water Supply Just-Alsban Torpedo C> Kem Incandescent Light . cum. fS^-^X t aa aaa Isle Co 2,500,000 None. ^'JSn'nArt . & Power 350,000 None. '•"" „''^'^ 12,500,000 International Zinc Co. limited.. Inter State Telephone Constru'n. Inter-State Telephone & Telegra. Iowa Port land Cement Co Iron & Steel Foundry Supply Iroquois Oil Co Light 2,250,000 non-c. L^OO.OOO i-nnAnno . (Jlass 500,000 None. None. ^o6o 000 • f^^S-J^^S ^-JOS-^X^ i^-^Sn'n^ 10,000,000 2,6 0,000 1,000,000 Planters Compress.... Indo- Fgy ptiau Compress Pressed Steel Car Co Publishers Plate Renting Co Republic iron & Steel Co Rhode Island Copper Riker Elect-ic Vehicle Rochester Optical & Camera Rotary Ring Spinnin g. ^ oH?o'ono Automobile & Vehicle. International Car Wheel International Express International Power Co International Smokeless Powder & Dynamite ^ International Steam Pump Co.... Power I'nnnnon 600,000 4.5CO.00O Planet Mills Manufacturing cum. cum. f-^Sn'Srn LgOO-"' of San Francisco Indestructible Rnadbed Co Indiana Heat & Light Co. of Mis- National Tube Co National Tvpowritor f'nnn-n' *2,500,000 500,000 cum. None. None. MSo OOO 5,0UO,0OO ... l,0CO,OC0 2,oco,oflro 3 000,000 ,'05000 — cum. £6,000,000 cum. None. ^onocjOO .. C().....„. Coal K^'J PiltsDurg »joai Pittsburg Pittsburg Steamship Co Pittsburg Stove & Range, S'^nnnm Hudson County Gas Hudson River Water Power Illinois Blec. Vehicle Transp'n.. Independent Elec. Light & Power Fish Co 500,000 S'^An'ooA Iron Co National National National National National cum. None. None. o ooo OOO . Phoenix Consolidated Copper Pike's Peak Power Co Pittsburg Brewing to ^2'n'nA'nnn Harrison Brothers & Co Havana- A merican (cigars) Havana Comm'l ^Cuban tobacco) Helvetia Copper Co Hibbard-Rodman- Ely Safe & 2,000,000 None. None. ^-SV^'JcXjc J'^"?.'^^" ^ N. Y. Cltv Philadel phia Electric. R?,2'^n ^^-^OO.'^'^O ... . 8,000.000 5,000,000 non-c. None. ^,750,000 . Palmetto Co Park oteel v.",V. Paterson Brewing & Malting. Pennsylvania Electric Vehicle... Pennsylvania Furnace Co. Betlning SnearBetlning KonncilvBtiiB Sugar Pennsylvania People's Brewing Co. of Trenton. People's Telephone Corporation ^nX'X, n & Cab. hawaka and South Bend. 2,000,000 ^Snoo . Interna'l cum. None. None. i'^Xnokn ot'Snnooo fn'nonnnn ^?'oa^'^a J'^TO WO .LO*^-""" i-2?,^-yXX Lake Suuerior . 6,500,000 65,000,000 Mmnm I'Vnn nVn Electric Co. of America Electrical Lead Reduction Nat'l HlniiniHling 80 ),Hf e.oco.ooo 1,000,000 . Pacific Coast Biscuit 1,500,000 cum. None. 25.000,000 36,000 000 — .....Overland Telegraph Pacific American Fisheries Co onnn nnn ? Snnnoii J'iKn'nnn , 760,000 None. Mn?.'o?,o Portland Cement Plate Glass Electric A.xle. Light & Power Bleotr ic Boat Co cum. 6,600,000 cum. = nnn r on &.uau,t.w North Star Mines Co ; Oakman Motor Vehicle Co. or '• America VtV, Ohio & Indiana Natural & Illuminating Gas Old Colony Copper Old Colony Oil. On'ta'rio T'tnnnnn Bdward Ford 2,500,000 None. =„„„„„ BdUon National Cycle 3.000,000 HSoofo State Steel DiBtiUingCo of America Dominion Iron .t Steel Doty Tbird-Rail Electric MoiiOiigati m |ffi'n°o t'P^Rrftn 5,tuu,tw Diamond Harmony . innnnnoo ^s'oMOOO Cotton Oil & Fibre Co Cremora Manganeee Cuban Steel Ore Danville Bessemer Co..... Daylight Pri^m of America DenverGa. & Electric ^ cum. 6,000,000 non-c. 6,000,000 cum. 1,000,000 non-c. 3,500(000 cum. ilffiono Co.... Great Northern Paper Hallidie Wire Rope Tram. . 3,300,008 non-c. None. liig&FishCo . 500.000 750.000 loonnnnn 1",000,000 „ ... ... New York & Kentucky Co Elec New » ork & Queens Gas & Building Ship York New New York Suburban Gas Niles-Bement Pond Co. North American Ore & Metal . Consolidated Ice Mfg. Belngerat- Copper RanKe • None. None. nnro ^'%\^rnm N. Y. Electric Vehicle Transpor•;• • tation Co .^-i Vi N. Y. Gas & Elec. Lt. Ht. & Pow. • Coniolldated Lake Superior. CoDsoliJated Rubber Tire Co Consolidated Water of Utica ConiineLtal Automobile Continental Cement Co Continental ( Cotton OU..^ Continental Gin of New York Continental Paper Bag... ... ..... Continental Zinc & Lead Mining & Smelting.. °'^^<9X^ }'n. Telephone -„f,„ 19'S2S-?XX 5,000,(00 1.000.000 1,700,000 13,500,000 6,500.000 5,000,0(» . 4,000,000 500,000 $ » New N. K. Elec. Vehicle & Trans. Co. New England Motor Carnage New England Piano Co Newport News Abattoir. New York Auto-Truck Co.. ....... New York & Boston Telegraph & Bondt. i-ref. Stock. Stock,, Name of Company— Hneland'Cotton Yarn........ i'mni^no '^'Inn ooo oAnnflon f'onnooo I'nnnono Vonn'ooo 3,000,000 Cenral Hudson Steamboat Central Oil Co Com. Bonds. Pref. Stock. Stock. flVoTo Carter- Crume...... Central Foundry Co. LXX. -Capital Authorized. Capital Authorised.- $ Name of Company— Canada Cycle & Motor Co New ... . . . .. . •• T'tHx) oo 'f,'??VioQO '^"•""" ^' 2.286,665.t00 ?,500,000 None. None. None. 899,775,000 oum. l,CO0,0O0 320,050 000 ; March THE CHRONICLE. 24, 1900.1 RECAMTULATION. Amount of common stock Amount of preferred stock Amountof bonds to ratification $2,2'5,55'.,00» 8H. 775,000 326,950,000 , Grand Total Add increaae in |«,512,280,000 stock of American TobJKJCO Co. (increased from $21,000,000 to j;56,(i00,O0O) all common 35,000,000 in stock of Continental Tobacco $100.000,00<|) half common half preferred Increase in stock of Lackawanna Iron & Steel (from f3,750,000 to 563 A by the stockholders of each bank. will be held April 14 of the stockholders cf the meeting Union Bank to act upon a proposition to amend the articles of association so as to authorize the extension of the business of the bank, including the opening of one or more branches. Co. (from $75,000,000 to Increase —Authority has been given by the Comptroller of the Currency for the organization of a new banking institution 21,250,000 $26,000,800) in this city to be known as the Empire National Bank, with $3,583,530,000 a capital of $300,0')0 and a paid-up surplus of $60,000. E R. • In January, 1000 authority was given to increase total stock to $10,000,000. + This company is now issuing $1,250,000 of bonds. Thomas, of Thomas & Post, will be the President and O. F. Thomas, President of the Bank of Wayne, of Lyons, N. Y., and of the Empire State Beet Sugar Co. will be Vice-PresiITEMS ABOUT BANKS, BANKERS AND TRUST GO'S dent. Among the promoters of the organization are Edwin —The auction sales of bank stocks this week aggregate M, Post, of Thomas & Post; G-eorsre Scott, Jr. Ati 11 a Cox, President of the Louisville Henderson & St. Louis Railroad 450 shares and sales of 103 shares were made at the In- Samuel Dodd, President, and Charles Hammond, Vice PresiStock Exchange, making the total sales 550 shares. International Silver Co., of Meriden, Ct.; A. C. cluded in the total are 120 shares of stock of Brooklyn banks. dent, of the of the U. S. Cast Iron Pipe & Foundry Overholt, President There were only three transactions in trust company stocks, 25,000,000 : amounting to 30 Shares. Banks—JV^ew John G. Deshler, President of the Columbus National Bank, of Columbus, O., and William M. Last previous sale. Barnum, of Reed, Simpson, Thacher & Barnum, lawyers of Feb. 1900— 187% Co., of Scottsdale, Pa.; shares. Price. Yorlc. *75 American Exchange Nat'l Banb.l86i3-190 240 20 Broadway BaDk. National 25 Butchers' & Drovers' Bank, Nat. 94»e '25 Central National Bank 180 146 100 Citizens' Bank, National SOQi^ 2 City Bank, National 2«5 25 Commerce, Nat. Bank of 10 Leather Manufactu'rs'Nat. Bank. 220 226i« 3 Market & Fulton Nat. Bank 140 Paoiflo Bank 5 Park Bank, National Feb. 19v 0— 24.S Feb 1900— 8714 Jan. 1900- 178 Mar. 19(i0— 14514 Mar. 1900— 305 12 Feb. 1900— 280 Jan. 1900- 24514 Feb. 1900— 225 1900— 177 Jan. 4ii5ifl Mar. 1900— 103 200 Nov.1899— IIOI2 Jan. 1900— '20214 17fl 399'78 Bavks—Brooklyn. 100 Brooklyn Bank 20 Mechanics' Bank Trust Companies- ifcw lork. 10 America, Trust Co. of 15 United States Mort. & Trust 5 United States Trust Co 19658 510 1625 Mar. 1900— 193 Mar. 1900— 5.^0 Feb. 190L— 1651 Sales at the Stock Exhange. * —Among other institutions that have made contributions the City National Bank of to the discussion of the subject, Buffalo (Mr. "William C. Cornwell, President) has issued a neat and attractive little pamphlet, showing the profit to the national banks in taking out circulation under the new law passed by Congress last week. The calculations are made on a basis of money at 3 per cent, at 4 per cent, at 5 per cent and at 6 per cent, and with the new 2 per cent bonds bought this city. — The Assistant Attorney- General, James E. Boyd, has furnished an opinion to the Secretary of the Treasury, which opinion is approved by the Attorney-General, in the matter recently submitted to that offi ier regarding the eif ort of the Commissioner of Internal Revenue to impose taxes upon call loans made by banks to their customers. The Assistant Attorney- General holds that, in order to bring such transactions within the provisions of the law, the property pledged must be distinctly described, and must also be pledged as payment of a definite sum'of money. He holds that there is no document executed in call-loan transactions which comes within the above-noted requirements, and that such transactions are not therefore stampable. He further holds that a mere hypothecation of shares of stock as security for the unaccompanied by agreements which make such shares security for the payment of a definite sum of money lent, is not a taxable transaction under the provisions of the War Revenue law. collateral security, —The agreement of merger having been 'completed, the Home Bank began business on Tuesday as a branch of the at various prices from 105 to 113. The pamphlet also calls Corn Exchange Bank. The icstitution is located on Fortyattention to the statement made in 1895 by M, Leroy Beau- second Street near Eighth Avenue. lieu, the French economist, to the effect that " So soon as the Frank H Ray, Vice President of the Continental Tobacco capitalists, small and great, of Europe, shall know that the Co., and William H. Taylor, Vice-President of the Produce United States have definitely adopted the gold standard and Exchange Trust Co., have been elected directors of the relegated silver to a subordinate role, the savings of Western North American Trust Co. Europe will flow toward that country." From this the conbill has been introduced in the State Legislature proclusion is drawn that we may now look for a large flow of — —A of a new trust company in with a capital of Brooklyn, the Twenty-sixth Ward of Horatio Lloyd, formerly connected with the Philadel- $150,000, this capital being permissible because the loaation phia Trust Co., has been elected Treasurer of the newly- is distant more than one mile from the City Hall. The inorganized Commercial Trust Co. of Philadelphia. corporators are James P. Sloane, Charles L. Sicardi, James The Union Trust Co. of Pittsburg, Pa,, of which James R. Sparrow, Henry C. Wright, George H. Rowe, William Q. Miller, John W. Frazer, Charles R. Inery, Geo. W. Payntor, S. McKeen is President, has prepared for gratuitous circulaVolweiler, Frederick E. Brandis, John S. Oliver and Henry of tion, on application, a series of booklets, each descriptive Ogilvie. John S. the objects of and the method of condu ;ting business in the various branches or departments of the Trust Co., as for —The Blackstone National Bank of Boston, Mass., capital example Trust Estates, Transfer of Capital Stock, Invest- $1,000,000 and surplus $34,495, will be liquidated by the Shoe ment Bonds, Bank Accounts and Registry of Capital Stock. & Leather National Bank of that city. It is estimated that The booklets are neatly prepared, concise in statement of the stockholders will receive about $90 per share. The offacts, and will doubtless well serve the purpose for which James Adams, President, and H. W. ficers of the bank are they have been issued. Ar brand. Cashier, and the directors are Eleazer Boynton, European capital into American viding for the organization enterprises. — — : : —The First National Bank of Brooklyn has declared a quarterly dividend of 4 per cent, payable April 3. Heretofore dividends have been at the same rate per annum that — S, Paine, J. O. James Wentworth, Weatherbee, John Edmonds, A. M. Adams, William H. Cbipman, and James L. Paine. Joshua Loring, William A. Rust, John — but payments have been semi-an nually, in January and July, 8 per cent each time. It is proper to say that besides the regular 16 per cent in 1899 an is, 16 per cent per year —Application will be made to the Pennsylvania Legislature early in April for a charter for a new ore;anization in Pittsburg to be known as the Traders' Trust Co., which will, beextra 2 per cent was paid in that year, making 18 per cent sides doing a trust business, insure owners of real estate and altogether. —The Bank directors of the Union Bank and of the ^Hamilton with a capiand the former with a surplus of |55,783 and the latter of $38,313, have agreed to unite— the Union Bank taking the business of the Hamilton and operating it, for the present at least, as a branch bank. The agreement is subject of Brooklyn, both State institutions, each tal of $100,000, mortgages and others interested in real estate against less by reason of defective titles, liens and other incumbrances. The incorporators will be Senators C. L. Magee and William Flinn Joshua Rhodes, Chairman of the National Tube Co. T. Hart Given, President of the Farmer's Deposit National Bank; James H, Reed, President of the Philadelphia Co. M. K. McMullin, Vice-President of the American Window Glass : ; ; THE CHRONICLE. 564 Co.; James D. Union Traction Gallery, President of the Co.; W. L. Elkins, and other capitalists connected with the Pittsburg Traction syndicate. —A favorable report has been made in the Maryland Senfor the incorporation of the Southem Deposit Trust Co. of Baltimore. Bills have been introduced to incorporate the Farmers' Banking & Trust Co. and the Eastern Shore Trust Co., to be located in Cambridge, Md. ate upon the application & — Negotiations which have been in progress for the consolidation of the for some time Rhode Island National Bank and Bank of Providence, R. I., have fallen through in consequence of the refusal of the directors of the last-named bank to assent to the scheme. The capital of the Rhode Island Bank is $600,000 and surplus $23,815, and the capital of the Fifth National Bank is $300,000 and surplus $41,209. The scheme contemplated an increase in the capital of the Rhode Island Bank, for the purpose of absorbing the Fifth National, and the underwriting of the increased capital by the Industrial Trust Co. of Providence who would have repreeentation on the board of directors of the joint institution. the Fifth National , —It tional is announced that the stockholders of the Western Nawill on April 24 vote upon a proposition to Bank change the articles of aesociaticn so as to provide that the number of directors shall be not less than eleven and not more than twenty-one. Additional directors will then be elected. — The bill enabling the merger of the Morton Trust Company with the State Trust Company has passed both branches of the Legislature. [Vol. LXX. were forced to recognize his determination to be fair, regardless of personal or business considerations. Although a genial companion where he had confidence, he waa the implacable foe of dishonesty and double-dealing. So far as his services to this company were concerned it would be impossible to overestimate their value. While the directors are duly and gratefully appreciative of tbe faithful and efficient work done by the company's officers, it is but simple justice to say that Mr. Coster contributed more than any other single individual to the present remarkable prosperous condition of the property. From the beginning of the reorganization to his death, his keen intellect, untiring industry and resistless energy were ever at the service of the company, ready to solve perplexing problems or triumph over difficulties. With an infinite capacity for detail, his mind had, nevertheless, a breadth which enabled him to consider with wisdom the largest questions of policy. To his dealings in behalf of the company with the representstives of other corporations he brought the same high standard of integrity which marked his personal relations, and to his firm, courteous and equitable course was chiefly due the satisfactory ending of many critical situations. That such a one should be removed in the very prime of his manhood, and when his powers seemed to be only approaching their full development, is one of the mysteries which the human mind cannot fathom, and his friends can but seek comfort in the thought that he deserved and won and left behind him that most desirable of all possessions, the reputation of an able, successful and upright man. By order of the board of directors, Charles S. Mellen, President. George H. Earl, Secretary. all Similar action to the above was taken by the directors of the Lehigh Valley RR. Co. at a meeting on Wednesday. —The report that the National Bank of North America in New York will take out circulation to the amount of its capital— $1, Of 0,000— is incorrect. The circulation will be increafed for the present by $2CO,000, making it $560,000. —The following tribute to Mr. Coster Twas adopted by a unanimous vote at a meeting of the board of directors of the The Seventh National Bank will increase its circulation Erie Railroad Company: from 150,000, the present sum, to the amount of its capital, Charles Henry Coster, a member of the board of directors and of the Executive Committee of the Erie Railroad Com- $300,0C0. pany, died March 13, 1900, in the 49th year of his age, at his Mr. Charles Steele, heretofore of the law firm of Seward, home in the city of New York. Guthrie & Steele, was on March 23 admitted as partner in With deep perscnal grief, and conscious of the loss sufthe firms of J. P. Morgan & Co., New York Drexel & Co., fered by this company and this board, his fellow directors, desiring -to attest the high character, the genial disposition Philadelphia, and Morgan, Harjes & Co., Paris. and the great capacity of Mr. Coster, unanimously adopt —The annual statement of the Deutsche Bank of Berlin — — ; this minute. Intrusted by Mr. Morgan with the responsible and difficult task of managing the reorganization that resulted in tbe formation of this company, Mr. Coster, with unswerving has been issued, and we take from it the following facts. The total turn* over aggregated $12,088,000,000 (as compared with $10,570,000,000 in 1898); the main items at the closing up of the books on Dec. 31, 1899, including branches, overcame every difficulty and accomplished his whole duty, so that, more than any of its officers, he was justly considered the founder and the controlling mind are as follows: A.ss€ts of this corporation. With undoubting confidence his foreign coins and coupons fellow directors willingly followed his lead, and never were Cash, Discounts and biUs of exchange fidelity, led astray. Invariably the result justified their ready acceptance of his euggestions, which always were presented with lucidity, with fairness and with courtesy. From its foundation to the very last days of his life, Mr. Coster gave to this company his best service and thought, and none 1899 1898. $14,187,400 $13,359,000 53,221,100 56,263,000 4,243,600 2,745,300 23 1.^6,200 21,936.000 2,723,300 4,036,100 8,807,500 7,535,300 Credits with bankers Loaned against securities Advances on collateral Securities Investment in capital of allied banks, firms and trust companies 11,905,900 Current account secured by collateral. 52,157,500 Current account unsecured 13,981,000 Advances on meichandise 6,471,100 11,596,600 44,911,200 could be better. 11,943,500 Without exaggeration it may be declared that an irrepar6,265,500 able loss has been suffered by this company, by this com- Participations in syndicates 7,506,547 8,540,000 mercial community and by the legitimate corporate interests Bank premises in Berlin, Bremen. Frankforton-the-Main.Hamburg, Munich &London.. 2,070,300 1,755,300 of this country. It is the judgment of his colleagues that, in — Liabilities breadth of view, in accuracy of comprehensive knowledge, 3R.714,000 Capital 35,714,000 in fertility of resource, and, above all, in unswerving integrity Acceptances 33,''81,800 30,557,100 and clear sense of justice as an administrator of corporate Deposits.. 28.978,800 37,021,900 Current accounts 77,251,200 76,751,700 affairs, Charles Henry Coster had no superior. 11,135,000 10,780,000 Thus briefly reviewing the achievements of his useful life, Reserve The gross profits amounted to $7,026,000 (1898 $6,797,000), cut short in its prime, this board cannot refrain from extending to his surviving partners in the firm of J. P. Morgan & to which is to be added the balance brought forward from Co. the assurances of its sympathy, and to his family an last year of $163,100. expression of its grief over their loss, and of its belief that For expenses, salaries, profit-sharing of managing direchis children could wish no better heritage than the record of tors and officers, taxes, etc., there were expended $2,156,000 high duty admirably discharged by Charles Henry Coster. By order of the Board. (last year $1,877,000), among which were taxes amouoting to E. B. J. Thomas, President. A. MiDDLETON, Secretary. The following are the Also at a special meeting of the board of directors of the Northern Pacific Railway Company, held March 20, the following resolution was unanimously adopted Resolved, That the members of the board of directors of the Northern Pacific Railway Company desire to place on record their realization of the fact that "in the death of their late associate, Charles H, Coster, they have suffered both in their personal and their business relations a great and : irreparable As a loss. $278,100, against $225,900 in 1898. profits on the principal accounts: 1899 1898. Discounts and interest Foreign coins and coupons Securities and syndioate participations $3,172,300 $2,954,300 38,200 39,000 1,145,800 853,400 Commissions 1,635,800 1,830,400 Permanent Investments in foreign enterprises 1,130,700 837,100 After deduction of expenses and charges for depreciation bank premises ($119,000) and furniture ($80,400), there remain net profits of $4,838,500 (against $4,637,800 the previous of year) It is proposed to turn over to the regular reserve $305,300 none was more cordial and true. Quick in comprehension and in sympathy, his head and his heart ($283,800 in 1898), to distribute a dividend of 11^ (against were ever ready to serve these who had a just claim on him. last year) and to carry forward to new account $180,500 While he exceled in many directions, there was none, per- 103^^ in 1898). The reserves are increased by this addi($169,400 haps, in which he was more preeminent than in his sense of justice. Neither friend nor opponent could induce him tion to $11,440,300, being 32 03^ of the paid-up share capital to swerve from what he believed to be the .right course, and Of §35,714,000, friend, « M m 1 March THE CHRONICLE. 24, 1900.J DEBT STATEMENT FEBRUARY 28 The followrag statement 1900. of the public debt of the United States on February 28 1900 is made up from Further oq we •official figures issued on that day. give an interesting exhibit of the Treasury cash holdings of the same date. INTEREST-BEARING DEBT FEBRUARY 28 1900. Htle of Amount Amoiint Intere t payable. Loan— $ Fund. loac, 1891. )^ ,, 250,000,000 Continued at 2 p. c.J*^"*'- •48, 6s, 48, Funded « 25.364,500 740,916,900 479,148.200 40,012,750 J. 66,240.500 F. 100.000.000 F. 162,315.400 119,040.100 F. 198,791,440 114,554,900 — J. 25,.'?64,500 48.275,300 84,236,540 645,345.200 36,880 H5,009,700 162.315,400 198,791,440 excl.Pac.RR. bonds. 1,492,086,490 804,348,200 232,478.040 1,026,662,120 loan, 1907.. Q. Refund'f{certiflc'8..Q. — Q.— Q.— Q.— Loan of 1904 Loan of 1925 fc, of 1908-1918 Tot., -^ Total. $ .... 4Hi3, •*8, Outstanding. Coupon. Registered. issued. $ Note.— The denominations of bonds are as follows: 66,197,000 28,7fl9,200 Two per cents (registered only). 150. $100, »50u, *l,000, $5,000, $10,000, $20,000. $50,000; 48 of 1907, registered, $60, $100, $500, $1,000, $5,000, $10,000. $20,000, $50,000, coupon, $50, $100, •60u, $1,000; 4s, refunding certificates, $10; 6s of 1904, registered, $50, $100, 11.000, $10,0011, coupon. $50, $100, $1.0(iO; 48 of 1925 registered. $.>i>. $100, $500, |l,000, $5,000, $10,000, coupon, $50, $100, $500, $l,OuO; 3s of 1908-1918 registered. $20, $100, $500, $1,000, $5,000, $10,000. coupon, $20, $100, $500, $1,000. DEBT ON WHICH INTEREST HAS CEASED SINCB3 January Funded Loan MATURITT. Februari/ 28. $107,30 00 1,100,700 26 31. $1(>7,300 00 of 1891. matured September 2 1891. Old debt matured prior and subsequent to Jan. 1 '61 1,101,110 26 . ' . $1,208,410 28 Debt on which interest has ceased Bonds Issued to Pacific railroads matured but not yet preRented; Union Pacific, $li(,00u; Central Pacific, $31,000; Kansas Pacific, I6,000; total $1,208,000 26 $50.000 00 DEBT BEARING NO INTEREST. United states notes Old demand notes National bank notes— Redemption account $346,681,016 00 53.847 50 35,5«3,340 00 $15,256,4P2 41 8,375,934 00 6.880,558 41 Fractional currency liess amount estimated as lost or destroyed Aifgregate of debt bearing no interest $389,178,76191 RECAPITULATION. Feb. 28 1900. $ 1,026,^62,120 00 1,208,000 26 CUuiiJlcatinn of Debt— Interest-bearing debt Debt, interest ceased Debt bearing no 389,178,76191 interest.... Jan. 31 1900. $ 1,0?6,SH3,050 00 1,208.410 26 390,055,740 16 1,417,248.8^2 17 Total gross debt 0*8h balance in Treasury... 298,362.823 68 1,418,127,200 42 292,490.973 30 1,118,886.058 59 1.125,636.227 12 Inc. or Dec' $ fl.30 00 410 00 876.978 85 Dec. Dec. Dec. Dec. 565 878.318 25 5,671850 28 [From our own correspondent.] London. Saturday, March 10, 1900. The Chancellor of the Exchequer made his budget statement on Monday evening. The budget usually is not introduced until some time in April; but this year it has been brought in nearly a month before the close of the financial year on account of the war. The revenue for the closing year is expected to amount to £116,040,000, an increase over the estimates of last April of £4,888,000. If there had been no war the expenditure would have been about £110,540,000, showing a net surplus of about 5}4 millions sterling; but the war has necessitated supplementary estimates amounting to 23 millions sterling, and there will be extra interest on debt of £270,000. Of the 23 millions voted, 8 millions have already been raised by the issue of Treasury bills, so that there is a balance of £17,770,000 not yet provided for. For the coming year the Chancellor of the Exchequer estimates the expenditure at £154,082,000, being over 43 millions in excess of the budget estimate 12 months ago. The revenue he estimates at £116,900,000. showing a deficit of The Chancellor of the Exchequer, however, £37,182,000. proposes to reduce this deficit by suspending sink'ng fund amounting to £4,640,000; but he has still to face a deficit of £32,542,000. Of this he proposes to raise by additional taxation £12,317,000. First, he adds 4 pence in the pouad to the income tax, raising it from 8 pence to 1 shilling in the pound. Thisis expected togivehim6i.^millionssterling within the year. Next, he puts 1 shilling duty on contract notes in the produce and other markets, expected to give him £150,000. Then he puts 1 shilling a barrel on beer, expected to give him £1,752,000. Further, he puts a duty of 6 pence per gallon on He puts 4 pence spirits, anticipated to produce £1,015, OuO. per pound on tobacco and an extra 6 pence per pound on foreign cigars, from which he expects to get £1,100 000; and lastly, he puts 2 pence per pound on tea, anticipated to give him £1,800.000. In this way he raises his estimated revenue to £129,217,000, bringing down the anticipated deficit to £20,225,00). As already sai^, the deficit for the closing year is £17,770,000; £>, 000,000 are allowed for contingencies, and this being added to the 20)^ millions of the coming year gives for the two years an aggregate deficit of 43 millions. £3,000,000 Total net debt Dec. have already been raised by the issue of Treasury bill^, and The foregoing figures show a gross debt on Feb. 28 1900 these will be renewed. The uncovered debt is then 35 mil(interest-bearing and non- interest- bearing) of $1,417,248,883 17 lions. Five millions of this the Chancellor will raise by addiand a net debt (gross debt less net cash in the Treasury) of tional Treasury bills and 30 millioQS in the form of bonds running for not longer than 10 years. ^1,118,886,058 59. There is some grumbling at this budget and especially at Pacific Railroad Debt. These bonds are never included in the official total of the Government debt. To show their the large increase in the income tax, but on the whole it is accepted patiently, and the city is relieved to find that the present status we have made the following compilation: Inc. 6,750,168 63 — UNLIQUIDATED BONDS ISSUED TO PACIFIC RAILROADS—THEIR STATUS MARCH 1 1900. Railroad LiaHUty. Name of Bondi Railway Net Issued by Oov't. Int. by Oov't $ Central Pacific. 35,8»<5,120 Kansas Pacific. Union Pacific. 6,303,000 27,236,512 * • 84,623,512 Government accepted Sinking Fund. Balance Settlement wi h Oovernm't. $ $ $ 36,804,385 9,100,452 53,3^9,053 •12.91i'.458 8,607,458 31,211,712 18,i94,6i8 40,253,606 Cent.Br..U.Pac. l,60ii,0u0 West. Pacific. 1,970,560 81onxC.& Pac. 1,628,320 Total PaU Repaid by Companies. Through Total Due U.S. $ 62.489,505 12,910,458 58,448,224 2,152,35<< $ 3,762,359 453,103 2,578,678 6,423,(3'63 ;<, 5,423,668 4,206,998 82,607,695 27.?9';,070 111,976.780 139,271,850 7.959.357 principal of bonds— $6.303,000—in full payment of all indebtedness Treasury Cash and Demand Liabilities.— The cash holdings of the Government as the items stood Feb. 28 we take Irom the Treasury statement of that date. The net cash balance given below is the same as deducted above in reaching the net debt. CASH IN THE TREASURY. Gold—Coin $2-1,859,663 30 Bars 181,632,009 42— $413,491,672 78 Silver— Dollars 418,092,709 00 Subsidiary coin 6,80884099 „Bar8 Paper—United States notes 78.370,816 81-501.772.166 60 28,3.39.660 00 Treasury notes of 1890 Gold certificates 1,262.773 00 28.994.442 00 7,272 017 00 Silver certificates Certificates of deposit (Act June 8, 1872) National banknotes other— Bonds, interest and coupons paid, awaiting reimbursement Minor coin and fractional currency.. 100,i 00 00 3,776,64892— • 69,735,52892 180,62691 483,498 75 Deposits in nat'l bank depositaries—general acc't. 106,209,221 42 Dlsbursine officers' balances 5,691,326 33— 112.467,672 41 Aggregate. $1,097,467,040 66 DEMAND LIABILITIES. Golcl certificates $210,260,779 Silver certificates 407.376.504 Certificates of deposit Act June 8, 1872 16.370,000 Treasury notes of 1890 87,198, 00 Fund for redemp. of uncurrent nat'l bank notes 8,832,217 Outstanding checks and drafts 4,903.803 Disbursing officers' balances 68,176, S92 Agency accounts, &c 8,977,620 Goldreserve $100,^00,000 00 Ket cash balance. 198,362,823 68 • Aggregate Met oash balance Wet cash balance in in the Treasury Jan. 31 1900 the Treasury Feb. 28 IKOO Increase during the month 00 00 00 00— $780,204,288 00 86 17 49 65— 78,689.934 07 298,362,823 68 11,097,457,040 f 5 $292.4P0.9 3 80 29S,362,b23 58 $6,871.860 28 new war loan is not as much as was anticipated. The general expectation was that the Government would have to borrow 60 millions. Although the conditions of the loan were not known, it was dealt in on Wednesday at a premium of 1^ above whatever may be the issue price, and there is no doubt that it will be a great success*. The expectation of a large Government loan has for a considerable time been weighing upon the market. The general opinion ^n the city, indeed, is that once the loan is placed, there will be a general recovery in markets, though it is thought possible that the disturbance of the money market may prevent any revival until April. In the meantime there is scarcely anything doing on the Stock Exchange and very little in the money market but trade continues wonderfully good. The Board of Trade returns for February show the imports to have been £37,604,808, an increase compared with the corresponding month of last year of £2,065,699, or about 5-8 per ct»nt, and this although there has been very considerable falling off in the imports of cotton. The value of the exports of British and Irish produce and manufactures was £23,219,849, an increase over the corresponding period of last year of £3,837.443, or about 19-7 per cent. No doubt a great deal of the increase of value both in the imports and exports is due to the rise in prices; but speaking broadly there is generally an increase in quantities also, cotton being the most signal exception. All through the week money has been in very strong demand, and the Bank of England has done a large business in loans at 4 per cent. The Government disbursements are not 80 large as was generally expected. The revenue is coming in at a surprisingly great rate. It will exceed all anticipations, and it will show that the prosperity of the country has never been greater. The collection of such vast amounts of revenue is naturally transferring the money from the outside market to the Bank of England, and as the Government disbursements are comparatively small the market is very poorly supplied. The new loan which is out to day is, as People are alstated above, certain to be a great success ready predicting that at least £200,000,001* will be applied for. It is evident, therefore, that unless the Government wisely arranges for a very small deposit being made on application the lock-up of money by those applying will be very large, and will increase considerably the present ; stringency. *A cablegram on Monday, March 19, reported that the total subhad been £335,500,000, and that applicants for *10,000 and upwards would get only 6 per cent. Bcriptions : . . . THE CHRONICLE. 666 The : : anticipation of this one of the rf asons why the stock in spite of Lord Roberts's signal of tne relief of Kimberly, the surrender of General Cronje and the relief of Ladvsmith come at any other time, there would certainly have been a ^reat rise in prices. But everybody has been afraid to speculate just now when the money market is so poorly supplied, and most great operators, moreover, desire to keep their funds free for the coming Government loan. It was expected that the loan would be brought oiit as soon as Parliamentry sanction was given, and therefore everybody has wished to is market has been so quiet victories. Had the news be prepared. [Vol. LXX The British imports since Jan. 1 have been as follows 1900. 1899. Difference. Imports. £ £ £ January 44.560,849 41.216.606 -1-3,344,243 February 37,604,808 35,539,109 -t-2,035,699 Twomos.. 82,165.6 i7 The exports since Jan. 76,755,715 1 1900. Exports. January February -1-7-1 -1-5,459,942 have been as follows 1899. : Difference. a M 23,583,682 23,219,849 20,347,234 19,382,406 Per £ Ot. -)-15-9 -t-3,236,448 + 19-7 + 3,^37,443 Twomos.... 46,803.531 -1-7.073,891 39,729.640 -t-17-8 Very little money, however, is going out of the country, The re exports of foreign and colonial produce since Jan. 1 and speaking generally the foreign exchanges are in our favor. The demand is entirely for internal purposes, and it show the following contrast: to a considerable extent temporarily connected with the collection of the revenue and the Government borrowing. Next month, no doubt, rates will become comparatively easy, though nobody anticipates any further reduction of the Bank rate this year. In Germany money is somewhat easier this week than it has been hitherto; but still the impression prevails that the Imperial Bank will keep its rate at 5}4 per cent. It is generally believed that the Government will not borrow until the stringency here in London is passed— that is to say, will not borrow certainly before Easter, probably will not borrow until the end of April. But that a large Government loan is impending is well known, and therefore it is assumed everywhere that rates will be fully maintained and that they will begin to rise before the summer has gone far. In is France, on the other hand, money very abundant and is cheap. The India Council continues very successful in selling its It offered for tender on Wednesday 50 lacs and the applications exceeded 123 lacs. The whole amount offered was allotted at prices ranging from Is. 4 l-32d. to Is. 4i^d. drafts. per rupee. Subsequently the Council sold a little over three lacs by private contract at Is. 4 3-33d, per rupee. The following return shows the position of the Bank of England, the Bank rate of discount, the price of consols, &c. &c., compared with the last three years " " 1900. 189P. March £ Circulation Public deposits Othier deposits Government securities Other securities Reserve of notes and coin Coin & bullion, both departm'ts Prop, reserve to liabilities. d. c. Bank rate percent. Consols, 2% per cent. ^Iver Qearing-House returns March 7. 1897. 1898. March, 8. £ March £ 9. £ 28,397,300 17,423 042 2«.6?6,S50 16,589,619 26,746,480 38,937,'e60 35,H05,1(S2 18,047,426 32,9 !4.7e3 23,895.618 13,S9d,274 85.789.100 13,987.565 85.289 306 23,679,514 38768,658 23.317,602 3S.768.65a 14 3-16 3 35.49."t,818 42^ 4 100 1 ' -16 llOM i'TM.a. 163.798,000 25,857,700 16,977 495 68,131,811 14,521,983 28,765 «4H 18,6«2ie6 30,340,3.'i4 8:1,625.994 89,398.054 48^ 54^ 3 112 1-16 8 111 11 16 27 7-16d. 168.756.OoO 10. 134,490,000 12i,l»2.0ft Messrs. Pixley & Abell write as follows under date of Mar. 8: Gold—There is now no demand for gold, and the Bank of England 18 receiving all arrivals. During the past week £41.000 has been purchased, while £306.000 has been withdrawn, of which £200.000 has been sent to the Cape and £106,000 to South America. For the Australia. £6,000; Vera Cruz, £32,000: Bombav. "^0®-?/;:;-^'"^'^^^^= £2,000. Total, £40.000. For the month of February- Arrivals- Ger- 1900 Be-exports. January February. ... Two mos.. 1899. Difference. £ £ 5,482.465 5,575,325 5,120,260 5,878,110 £ -302,785 +7-0T —5-1 11.057,790 10,998,370 -t-59,420 -(-•54 Per -f-362.205 Ot. Eusilsb Financial Markets— Per Cable. The by cable as follows for the London. Sat. Mon. Silver, per ounce 2711,6 271I1. d. Consols. new, 2 % p. ots. loi^e 1019,6 For account 1015,6 IOIII16 Fr'oh rentes (in Paris) fr. 101-50 101-55 72i« 7138 Spanish 4s Anaconda Mining 9% 99,6 2438 Atoh. Top. & Santa Fe.. 24 7058 Preferred 70 65 14 6618 Baltimore & Ohio 7838 7858 Preferred Canadian Pacific 9/% 98 2914 23 Chesapeake Ohio 12738 Chic. Mil. & St. Paul... 127 2OI4 Den. Rio Gr., com.... 2OI4 , & Do & 271116 I027i6 1029,6 101-50 7158 938 2478 7138 6838 791a 98I4 29i« 1271a 20 14 74 7378 1338 13ifl 13% 39 1st preferred II6I4 .... Illinois Central Louisville & Nashville.. 84 Mo. Kan. & Tex., com.. III4 N. Y. Cent'l & Hudson.. I38I4 N. Y. Onti.rio & West'n 23% 3318 Norfolk & Western do Do pref. 7838 5413 Northern Paolflo, com. 3938 II6I2 841a 3953 do Preferred common .. 11% 138% 116% 84^8 III4 138% 128% 12s 13% 39% 117 85 III4 139 2414 24ifl 33% 78 »8 7858 54% 76% 55 77 3414 78^8 56i« 69^4 9 291s 6938 691a 14% 3918 1368 5953 Union Pacific 51 Preferred Wabash, preferred 76% Pennsylvania *Phlla. & Read *Phila. & Read.,l8t pref. *Phila. Read. , 2d pref. Southern Pacific & South'n Railway, com. Preferred 20i« 21 2038 7378 24 76 FH. 2758 2711,6 2758 1023,3 10218 10113J8 102 14 lOll&ift 10338 01-47ia 01-42ia 101-40 71 14 71 14 7138 91a 91a o§^l« 26 24% 251a 71i>8 71ie 711a 74i« 7518 7118 8058 803» 80 »8l8 9838 9838 29ie 2958 3118 3338 Preferred Thur$. Wed. Tuts. 73% Erie, London week ending Mar. 23. daily closing quotations for securities, etc., at are reported 75 1378 401a 1171a 8718 1138 1391a 12910 211a 7578 13% 40% 118 87 1138- 139% 25 35 2438^ 791a 38 77 57% 77% 79 78 5778 7818 691a 71 71 9% 8% 914 2913 14% 2b38 14'8 14% 3014 15 30i« 1514 3958 39% 42 4139 13% 407e 14 14 I414 60 14 60% 60% 61% 61% 5II2 76'e 5214 7714 53 5579 78I4 55ifl 77% 20% 21 21ifl 2158 8% 2914 20% 1408 78 Price per share. * Holland, £.503,001; Belgium, £38,000; France. ?^?^'n/^^i>;^^"' £61.000. Shipments: Belgium, £4,000; France, £25,000: South Airica. £400,000 Silver— Although ther^ has been no inquiry for India, the market has been held up by Continental orders and restricted sales, and closes at 27 ijd., with an upward tendency. The Indian rate is Rs.eg^g perlOOtolahs. For the week— Arrivals: New York. £125,00(i; Australia, £3X)00. Total. £128,000. For the month of February^''^°*'^' ^^^.OOO. Shipments: Germany, — National Banks. The following information regarding is from the Treasury Department. national banks £6T0O;'Fr^n'cTS^9S.^^' KATIONAL BAKKS ORGANIZED. Mexican Dollars— There has been no further sales for some days. The quotations for bullio n are reported as follows MiUer, Cashier. Gold. Mar. Mar. London, Standard. Silver. 8. 1. London Standard. d. a. Bar gold, U. fine oz. goM coin...oz. Germ'n gold coln.oz. French gold ooin.oz. S. Japanese yen oz. 77 76 76 76 76 5,265—The Central National Bank of Wilkinsburg, Pennsylvania. Capital. $100,000. William E. Evans, President; J. Frank s, 77 76 4i« 76 412 76 41a 76 9 4 d. Mar. Mar. 8, d Bar silver, flne...oz. 27ifl Bar silver, contain'g 9 4 1. d. 279i6 do 5 grs. gold.oz. 28 28116 do 4 grs. gold.oz. 271316 2779 do 3 grs. gold.oz. 2758 27liie 41a 413 4ifl Cake silver oz 2958 Mexican dollars. oz. 2738 2911,6 277,6 The following shows the imports of cereal produce into the United Kingdom during the first twenty-seven weeks of the new season compared with previous seasons 1898-9. CHANGE OF TITLE. 2,755—The Farmers' National Bank of Franklinville, New York, to the Union National Bank of Franklinville, approved March 15. 1900. CORPORATE EXISTENCE OF NATIONAL BANKS EXTENDED. 2.469—The City National Bank of Clinton, Iowa, until March 6» 1920. 1897-8. Importsofwheat,cwt.29,883,300 30,790,450 31,869,010 Barley 9,537,900 16,471,000 12,032.194 Oats 9,295,100 8,244.670 7,857,660 Peas 1,684.500 1,348.300 1.489,100 Beans 928.600 1.179,460 1,577,540 Indian Com 31,768,500 27,883,260 24,784,260 Flour 10,925,200 12,391,530 11.479,580 Supplies available for consumption (exclusive of . September . 1896-7. 36,647.2.^0 14,582 100 9,802 000 1,970,008 1,756,610 32 033 430 12,343.360 stocks on 1): ,^ Wheat Imported, 1899-'00. cwt.29,883,::iOO 1898-9. 1897-8. 1896-7. 30,790,450 31,869,010 36,647,230 Imports of flour 10,925,200 12.391,530 11.479,580 12,348 3^0 Bales of home-grown. 17,921, 171 18,421,098 15,650,387 14,575 110 Total 58,729,671 61,603,078 58,998.977 63,570,700 1899-'00. Aver.prlce wheat, week 268. 4d. Average price, season. 268. Od. 1898-9. 25b. 8d. 268. lOd. 1897-8. 358. lOd. 338. lid. 1896-7, The following shows the quantities afioat to the United Kingdom: maize Wheat This week. qps.. 2,440,000 Flour, equal to qrs.. Maize qrs.. 410,000 720.000 Last 14, 1900. LIQUIDATION. 1,616— The Pacific National Bank of Pawtucket, Rhode Island, has gone into voluntary liquidation by resolution of Its stockholders dated March 8. 1900, to take effect immediattly. 3,382—The Newnan National Bank, Newnan, Georgia, has gone into voluntary liquidation by resolution of its stockholders dated March 10, 1900, to take effect immediately. IMPORTS. 1899-'00. March Certificate issued 3d 288. 298. 4d. of wheat, flour and weerc. 2,230,('(iO 1899. 2,455.000 340,000 655,000 1898. 2,920,000 475,000 735,000 425,000 605,000 INSOLVENT. 1,867—The National Bank of Illinois at Chicago, Illinois. Edwin A. Potter appointed receiver in place of John McNulta, deceased, to take effect February 28, 1900. Imports and Exports for the the impacts at March March 15 and 16 ; New York for the for the Week.— The following are week ending for dry goods week ending for general also totals since beginning first merchandise week January. FOREIGN IMPORTS. For week. 1900. Dry Goods Total Since Jan. 1898. 1897. 75,764 10,912,842 82,281,752 7,683,450 82,064,819 7,062,425 815,088,606 89,965,202 89,127,244 810,654,886 $33,097,890 91.530,171 826,636,297 85,960,894 826.050.327 72,631,823 $27,532,698 76,876,919 iB4,l Gen'l mer'dlse 1899. 82,337,601 8,317,285 1 Dry Goods Gen'l mer'dlse Total 1 1 weeks $124,678,061 8112,597,191 898,682,150 8104,409,617 ) . March 34, . . 8 . THE CHRONICLE. 19C0.] 567 New York City Clearing House Banks.— Statement of The following is a statement of the exports (exclusive of ports for the specie) from the port of New York to foreign condition for the week ending Mar. 17, based on average of week ending March 19, and from January 1 to date. We omit two ciphers (00) in all cases. daily results. EXPORTS FROM NEW YORK FOR THE WEEK. Loans. Specie. LegalB. Deposits. Capital. \Sv/rplus. BANKS York.. 1897. 1898. 1899. $1,725,0 $1,182,0 $12,698,0 Bank of New 1900. $2,000,,0 $2,003,7 $13,602 I $11,340,?38 93,618,053 $8,107,256 77,065,914 Total 11 weeks 8134,922.062 $105,308,420 $104,958,291 $85,173,170 For the week.. Prev. reported $8,950,419 96,358,001 *15,102,734 119,819,328 The following table shows the exports and imports of specie at the port of New York for the week ending March 17 and since January 1, 1900, and for the corresponding periods in 1899 and 1898. EXPORTS AND IMPORTS OF SPECIE AT NEW nORK. Since J an. Week. Since Jan.l. ?69,663 229,670 323.275 73,149 77,011 180,553 16,663 $3,652,400 Germany $18,150 10,500 All other countries. Total 1900 Total 1899 Total 1898 1. $28,650 5,4t50 20,404 $2,945 1,373,351 13,950 1,599,001 151,175 500 1,860 4,000 *969,984 4,092.187 15,899,216 if9,305 $6,789,877 2,301.773 3,540,129 33,854 8,214,039 Imports. Exports. Silver. Great Britain France.... Week. Since Jan.l. Week. $1,382,445 $10,928,905 155,134 .. Germany West Indies Since Jan. 1. $59,514 r bOO 15',668 $ib,607 16,674 99.070 88,706 Mexico Bouth America 30.696 2,300 All other countries. Total 1900 Total 1899 Total 1898 71,283 614,099 169,772 3.908 1918,576 681,494 562,857 O.'illxtin Butchers'* Drov're' Mechanics' «fc Trad's' Greenwich Leather Manufac'rs Seventh New York.. Commerce Broadway 450 People's 200 Noilh America Hanover 1,000 1,000 Irving 500, Citizens' 600 NasHan Market & Fulton.... Shoe & Leather Corn Exchange 500 900 nent. Payable Cin. B[am.& bay.Vpf.A&BVquaV.) Dayton & Mich com., guar pref.guar. (quar.) Evansv. & Terre Haute, com " " pref.... G«. RR. & Banking, (quar.) N. Y. Cent & Hud. R. (quar.).... Norfolk & Southern (quar.) Northern of N. H. (quar.) Rio Grande West., pref. (quar.)... Utica & Black River (guar.) Vermont & Massachusetts, guar. Railways. Union Trac, ) pref. (quar.).. City Ry., Dayton, com & pf. (qu.) Cleveland Cliy Ry. (quar.) Da.vton & Western Trac, pref... Falrhav. & Westv.,N. Hav. (qu.) GJens Falls (N. Y.) Edwards Ft. Sandy Elec. St. Hill RR lis May 1 Holders of rec, Mar. 21 to Mar. 21 to Mar. 21 to Apr. 11 to Holders of reo, Apr. 1 to Apr. 8 to Mar. 20 Apr. 3 Apr. 3 Apr. 3 May 2 Mar. 16 Apr. 20 Apr. 1 1^2 Apr. 2 Mar. 21 At>r. 10 Apr. 1 1 1^4 Apr. 2 1>4 Apr. 2 Mar. 21 1 Apr. X\ 1,731,5 506,2 395,6 Importe^8'&T^ad'^^ 1,500 2,000 5,900,7 3,393,4 152,4 2,255,1 Park 250 East River Fourth Central Second Ninth 3,000, First N. Y.Nat'l Exch'ge. Bowery New York County... German American.. Germania Fifth Bank of the Metrop. West Siue Meriden So &Compounoe(^quar.) 1 1 Mar. 21 Apr. 1 Metropolitan St. Ry. N.Y. (quar.) 1% Apr. 16 Mar. 30 Oakl'd(Cal.)8an.L.& Hay(njthly) 200. Mar. 15 Mar. 14 Pittsburg & Birmingham Tract. 1^2 Apr. 10 Apr. 6 300 1,200 National Shoe <fe ). 4 10 Leather (quar.) 1 Apr. Bliss (E. W.), com. (quar ) " pref. (quar.) Boston Electric Light (quar.) Cincinnati Gas (quar.) Electric Vehicle, pref. (quar.)... Hawaiian Com. & Sugar (mthh Nat. Enamel. & Stamp, prf. (qu.) Jfew Central Coal New Haven Iron & Steel New York Air Brake (quar.) Procter & Gamble, pref. (quar.). Susq. Iron & Steel (quar.) Tenn. Coal lion & RR.,oom ,, " Union " non-ass'gpref... Typewriter, let pref •• 2d pref United States Projectile (quar.). Westingh AirBroKe (quar.) " " , (extra) Apr. Ifi Apr. 2 1% Apr. 10 Mar. 27 '1^ Apr. lOjMar. 27 2»a Apr. 2 Apr. $2 1 1899. 29 2 Mar. 2f> Apr. 14 Mar. 31 Payment In 4,475,9 2,087,5 24,473,0 45,670,(1 1,226,7 22.531,5 10,480,0 i, 358,0 2,834,4 37,007,8 2,513,3 3,056,0 3,245,4 3,510,1 35,200,5 7,851,8 2,757,8 2,780,7 8,584,2 6,422,8 2,166,2 6,105,8 2,490,11 12,192,0 29,732,5 4,(i7<>,(i 15,055,2 5,217,2 3,909,1 4,243,1 3,985,3 2.252,9 (00 ) in Sur- Loans 4 plus. In.ve.ft- to Apr. 1 to to to to to to Apr. Apr. Apr. Mar. Mar. Apr. 14 10 10 31 31 14 Apr. 16 Apr. 1 Apr. 2 Apr. 6 Apr. 16 Apr. 14 30 30 1 1 1 2 10 10 full of arrears of 57.3,4 336,4 ^..774,0 1,726,0 1,032,5 2,419,8 394,4 3,3608 63i',l 184,8 2,121,7 9,868,4 716,2 848,4 600,3 1,175.0 754.0 2.223,1 984,2 154,2 4,735,0 10,716,0 23.% 5 4,848,0 2,215,0 1,707,0 431,5 5,489,8 566,8 525,0 684,1 543,5 6.447,6 1,993,5 164,9 400,8 1,927,0 1,610,1 443,0 Net [^^ rp Deposit, with &B'k'. Clear'g Other Deposits Notes. Agent. Bks.Ac City. Borough of Manhattan, Colonial . . 100,0 300,0 100,0 100,0 200,0 200,0 100,0 250,0 200,0 100,0 100,0 100,0 100,0 200.0 100,0 200,0 100,0 97,8 198,5 136,7 51,0 16,7 96,6 81,7 53,6 126,2 38,9 145,8 114,5 175,4 86,3 64,6 319,7 168,1 150,0 100,0 300,0 100,0 100,0 150,0 252,0 500,0 100,0 300,0 300,0 100,0 100,0 100,0 100,0 200,0 100,0 100,0 100,0 100,0 124,1 145,2 164,0 39.2 57,2 59,9 450,7 392,2 201,7 616,7 561,0 115,1 127,7 60,6 70,9 226,1 66,8 55,8 43,8 17,0 Isl. Isl. 25,0 100,0 51,4 80,8 li^tNat., Jer. City. Hud. Co. Nat., J.C. 2dNat., Jer. City.. RdNat.,Jer. Citv.. iMt Nat., Hdbtken. 400,0 250,0 250,0 200,0 110,0 125,0 780.6 543,5 362,7 220,7 443,9 ., Columi ia Eleventh Ward. Fourteenth Street. Gantevoott Apr. 16 Mar. 15 Apr. 9 Apr. 2 Apr. 10 301,0 115,9 701,3 \ Specie ments. New YORK to to to .^25. ail canes. tal. Plaza Riverside State 2 t 16,977 Capi- 1 Apr. Apr. Apr. Apr. Apr. Apr. Apr. Apr. 1,093,1 2,)57,0 914,6 3,676,0 3,150,6 4,253,4 29,425,0 30,475,4 6,085.5 11,320,6 2,580,4 18,892,9 6,026,3 2,276,8 11,118,1 37,800,7 4,138,0 2,685,8 2,633,5 6,671,8 3.610.9 BANKS. Apr. Apr. 1 to Apr. 16 Apr. 5 2 to £Oo. Mar. 26 Mar. 21 Mar. 21 to 1% Mar. 31 to 2 Apr. 2 Mar. 28 150. Apr. 16 Holders of reo. to Apr. 16 Apr. 3 2 to 2 Apr. 14 Apr. 1 3 Apr. 16 to 2 May 1 Apr. 21 to 54t May 1 Apr. 21 to 31a Apr. 2 Mar. 23 4 Apr. 2 Mar. 23 to 4 Apr. 2 Mar. 23 to to 2 Apr. 2 Mar. 29 tn 1 2ifl Apr. 10 Apr. to 'Apr. 10 Apr. 1 *Tran8ter books not to be closed, dividends. 2 Mar. 24,924,9 4,598,0 8,008,5 (Ots omitted.) to miscellaneous. 3 478,1 329,9 397.4 211,5 268,3 250 350 ttvo ciphers HaMJllton Home >> ••. M<iunt Morris Mutual Apr. 2 Holders of reo. Mar. 26 Apr. 1 Mar. 31 Mar. 22 to Apr. 1 to Apr. 2 Mar. 22 2 Mar. 2'> II3 Apr. 10 Apr. 3 212 Apr. 2 Mar. 24 4 American Bell Teleph. iquar )... Amer. Smelt. &Refg.. prf. (quar.) " We omit Nineteenth Waid. Trust Companies. Brooklyn, Brooklyn (quar.) Continental (quar.) Title Guar. & Trust, (quar.) 500 1,000 97.52,5,2 2,350,0 2,464,1 1,996,0 4,297.0 832,0 28,214,1 4,049,6 707 9 1,140,5 Reports of Non-Member Banks.— The following is the statement of condition of the non-member banks for the week ending Mar. 17, based on averages oE the daily result 1 Banks. First National Brooklyn (quar Gartield National (quar.) 1,440,3 524,2 1,365,4 500, Apr. to to 340,2 911,6 393,3 674,4 200 600 Union Bank... Liberty N. Y. Prod. Exch'ge Bk.of N.Amsterdam Aator 8,925,4 86,2 682,5 419,1 318,5 1,705,9 1,211,5 585,4 774,6 880,1 1,015,8 200 300 First Nat'l. B'klyn. to & 2-^ Apr. 100 200 200 300 200 2,100 to to 300 750 500 300 250 200 750 1,000 Fifth Avenue German Exchange. cJat. 491,2 780,7 181,7 1,000 Apr. 1 Apr. 20 Apr. 2 Apr. 9 to to 419,9 383,9 264.8 980,6 195,0 18,997,0 12,846,4 12,402,0 20,167,0 4,470,0 1 16 8ep.29t 2% Apr. 16 Apr. 15 Apr. 18 1^ Apr. 16 1 Apr. 10 Apr. 1 to Apr. 10 1h Apr. 2 Holders of rec, Mar. 5 May 1 Holders of reo. Mar. 30 Zh Mar. 30 Apr. 7 3 2ii Apr. 2,823,1 3,639,4 1,611,1 1,150,8 492,2 1,051,6 986,5 298,4 610,3 2,846,4 300 . . Capital Trac. Wash., D. 0.(quar Chic. 2 3 2 3 i:«4 , " Street 2 Apr. Apr. Apr. Apr. 1 478,2 203,1 528,0 1,000 Hlde& Leather Railroads (Steam). 1,000 1,400 2.114,1 1,144,2 2,187,8 2,814,2 248,9 5,073.7 6,607,5 186,7 1,798,7 83,6 129,8 168,6 Continental Oriental Total Name of Company. 58.930,6 814.082.7 Chatham Seaboard Western Books closed. (Bays inclusive.) 5,000 5,000 1,000 1,000 1,500 Of the above imports for the week in 190O, $3,445 were American gold coin and $491 were American silver coin. Of the exports during the same time $38,650 were American gold coin and $15,668 were American silver coin. When 600. 1,000. 300, 400: 200, 600, 300, 1,200, 422 Pacific Gameld Per 300 Republic include $22,500 gold to West Indies and South America, and $174,745 silver to London, shipped March 8 and 9 l)ut reported too late to be included in previous week's statement. DIVIDENDS. 68.422.7 83.342,9 751,891,7 1472765 10,000, Chemical Merchants' Exch'ge Lincoln Note.— Week's exports 1,259,1 420,0 2,203,0 7,599,4 506,0 3,377,1 858,2 474,8 867,1 773,3 252,5 1,000 City Chase $126,351 106,179 31,372 $1,398,113 $11,206,241 1,087,655 11,171,009 9,112,521 746,145 2,626,0 20,886,0 1,497,5 14,900,3 715.0 12,116,0 1,515,2 22,840,6 232,0 4,306,0 4,409,3 115,077,0 3,064,6 25,415,8 551,2 5,080,4 705,5 6,646,6 1,104,5 41,6 141,0 2,16.5,0 23 6,9 899,5 204,5 3,436,2 4,201,0 432,9 3.449,0 305.9 1,826,0 23,248,0 2,997,2 22,077,9 266,0 5,318,3 1,011.5 13,202,2 3,006,4 424,2 713,8 19,508,3 6,056,5 875,0 2,556,6 336,1 862,7 12,346,8 2,170,3 46.463,9 4,506,0 520,1 3,054,7 173,0 2,986,4 233,1 7,064.7 555.1 3,925,7 228.4 2,477,0 19,338,3 ;),403,0 408,3 1,941.1 251,8 1,426,0 24,203,0 2,872,0 54,977.0 1,364,2 121,] 1,291,8 23,853,0 1,025,0 13,307,0 9,076,0 490,0 2,681,6 223,5 1,181,7 34,460,8 2,873,3 249,9 3,400,0 366,0 4,011,8 342,0 3,430,5 265,1 5,193,1 43.352,8 8,906,3 365,6 3,031,0 435,1 4,189,3 539,7 9,534,4 339,0 7,662,6 433,4 2,314,6 176,7 7,011,2 437,1 2,801,0 283,0 1,751,0 15,036,0 2,049,4 36,051,5 4,417,0 724,0 656,0 15,910,3 4,909,7 260,8 3,359,6 362,9 4,959,7 450,5 4,313,4 269,0 1,558,2 173,2 2,000, 1,500, America Pheulx Mercantile Great Britain France West Indies Mexico Bouth America 2,000 American Exch'nge Gold. Week. 2,050, Merchants' MechHnics' State of Imports. Exports. Manhattan Co Twelfth Ward Twenty-third W'd. Onion Square YorkvUle Borough of 2.3,6 1383,0 2193,0 115,0 1184,5 59,6 40,2 1003,4 616,(1 8,5 51,9 1324,3 328,5 48.4 62,1 1939,2 1322,4 34,5 20,8 1093,5 42,0 2150,0 12,7 922,3 2800,0 210,0 20,6 1046,6 47,0 900,2 48,3 2230,6 85,7 1384,7 80,5 95,0 61.0 50,5 40.0 96,2 69,1 100,8 119,4 139,1 83,0 61,8 105,0 142,0 89,2 198,9 99,4 161,6 202,0 164,7 165,5 41,9 112,6 413,3 236,2 203,4 249,0 737,3 85,1 102,0 107,9 43,8 267,3 131,7 94,1 101,6 50,7 20,9 24,0 22,1 228,8 149,7 61,2 238,0 236.0 63,2 35,7 19,0 37,1 177,9 128,0 195,8 42,9 29,2 "9 60,6 2,7 78,4 133,0 110,3 79,6 16,0 1623,4 2228,0 1327,4 1200,9 621,6 1438,5 719,1 2368,0 1366,0 1604,4 2657,3 916,4 3205,0 1599,6 1045,2 2568,5 1442,9 Brooklyn. Bedford Broadway Brooklyn Eighth Ward Fifth Avenue Kiugs County Manufact'rs' Nat'l. Mechanics Mech's' & Traders' Nassau National.. National City North Side Pe pie's Siheimerhorn Seventeenth Ward SpraguoNatlcnal. Twenty-sixth W'd. Union Wallabont Merchants' Borough of Richmond,. f Staten lstNat.,Staten Bank 1 Other Cities. 2(1 Nat., Hobi,ken. 97,4 1042,4 1331,1 1235,0 346,. 16.0 13,5 70,8 10,9 31,1 31,9 639,8 637,4 2298,2 262,4 262H,2 131,6 16,5 868,8 3805,0 215,0 92,0 2382,0 12,4 741,1 858.2 30,9 538,4 18,7 8.2 464,8 1065,5 102,1 10,4 437,3 286,9 6,9 614,2 28,1 4,1 403,4 540,9 638,4 1.5,9 25,4 5,0 19,8 13,8 23,8 25,5 75,1 88,0 602,1 162,5 83,9 621,0 347.0 38,9 41,5 46,5 62,6 214,4 72,4 29,3 69,9 67,0 72,0 16,7 20,0 110,9 4802,9 137.f 244,8 669,9 62,9 170,5 2127,3 7.3,3 31,4 164,8 1357,8 62,6 89,7 62,5 24.0 904,7 14.9 119,2 1867,3 101,9 66,9 48,2 733,6 60,9 150,0 1270,0 5 1371,9 43,4 1298,4 306,4 8,4 611.6 21,8 656.3 25,6 2813,3 2682,4 6L3 854,7 20,0 4011,0 75,0 2643,0 56,8 689,6 851,2 49,2 519,6 50,0 S,5 408.6 973.7 8,5 450,5 2,2 204,9 17,7 628,5 32,7 396,1 9,5 596,7 626,1 367,2 5388,3 80,3 1814,7 1114,9 22,'2 921,9 2.9 1454,8 858,7 49,1 Totals Mar. 17.. 7362,0 8138.8 59410,0 2640,4 3582,3!7945.9 1651,5 64248.2 Totals Mar. 10.. 7362,0 8138,8 58567,2 2569,5 3589,5 7914.3 1788.0 63874,6 7362,0 8138,8 58516,12607,73632.6,7719,5 2072,763o74,9 Totals Mar. 3 . . . 1 . THE CHKOJNICLE. 568 New York we furnish a City, & Boston Philadelphia Banks.— Below summary of the weekly returns of the Clearing House Banks of New York City, Boston and Philadelphia The New York figures do not include results for the nonmember banks. Capital <fc Surplus. Loans. Specie. Legals. N. Y.» $ $ $ 1626849 1581779 1527296 1472765 $ Feb. 24.. Mar. 3.. 149,402,9 151,765,0 10.. 151,765.6 17.. 161,765,6 " " Bos.* Mar. 3.. " •' Phila.* Mar. 3.. " • 35,345,4 140,295,0 35,345,4 142,549,0 35,345,4 144,685,0 10.. 17.. " 745,455,1 755,076,1 763,203,1 751,891,7 We omit two ciphers DepoaiU.i-' Circ'l'n. $ I 17,971,5 18,574,3 18,931,9 18,869,4 7.202.0192,937,0 6,932,0190,559,0 7,451,0191,704,0 45,491,0 45,707,0 878,185,6 10107358 98.3.39a.8 10480327 5,456,0 122.257,7 5,476,0 116,473,0 4,572,0 115,023,6 164,600,0 166,452,0 168,517,0 45,82.5,0 CUaringt $ I 63.710.3826.866.6 62.942.9829,917,0 60,303,2 829.425,7 58.930.6814.082.7 57,651,9 178.590,0 14.038,0 57,651.9 178,298,0 14,484,0 57,651,9 178,086,0 14,429,0 10.. 17.. The visible supply of grain, comprising the stocks in granary at the principal points of accumulation at lake and seaboard ports, March 17, 1900, was as follows: 5,884,0 104,683,1 5,978,0 83,290,5 6,990,C 83,488,9 afloat Galveston Montreal Toronto BoSalo Do Do Do afloat Corn. liloago Milwaukee Dulnth 265,979 125.30C 1,603 1.668,683 7,608 1,626,140 15 660 2,600 40.140 Toledo Detroit ^ Cleveland . Barley. Biu/t.seibf B«»?>.32I6i 476,490 44.076 Minneapoll*. Oati. 2.492.975 612.110 175.950 85,296 462.400 267,550 64,(50 148,200 57,000 38.777 8,926 33,980 1?,855 9,500 4,000 16.793 6,359 80,481* 25,532 34,140 291,861 55.885 33.600 7,270 St. Louis.... 30,240 611.240 22.BO0 7,5(0 Peoria 15.400 99 466 16,230 148,000 182,689 189,600 453,600 97,000 216,000 81,000 28.500 8.000 693.168 4.054,584 4,855.878 3,867,691 f84,869 129, ie9 167,652 268.085 3,027.389 3.686,826 2,832,026 2,478,163 3,999,0tf3 2,623.859 486,529 605,617 205.954 195.305 Kaniai City. Tot.wk.1900 Same Same wk.-99 8(tu;e Aug. wk.'98. 1899-1900 1898-99 1897-98 afloat The 13.307.821 167,'; 88.044 161,031 729 113,618.886 i54,S40,48J< 117,391.879 7,.S80.288 176,47f.77e l«7,O65,063 1'8,^83.361 30,187,378 8,6(8,219 receipts of flour the week ended Btceiptt March and grain 65.7 1 108.115 4,640 18,100 Richmond New OrleauB* Charleston Corn, bu$h. 744,900 !:34.110 12.900 477,9fl0 873,902 15,172 757,000 880 6.230 518 Wewpon Mews. 160,527 206.027 8,800 155.000 80.767 6,093 3.734 ifl3,006 '"8.207 .. Pensaoola St.John, N. B.. 217,270 61tf,254 1,212,788 1.694,662 3,688,831 990.416 4,U»,L60 294,877 40,783 18.52' 1,696,694 Oorn... Oats... Barley. Bye.... 17, compare 189R. 4,388,448 .bnsh. 12,262,243 " . 87.165.508 " 12.0lH.130 25,886,816 16,789,524 45,814 883 22,312,823 1,603.088 a,8. 6.519 89,896,334 38.53rt,v83 . " , " 861,604 12,273.805 9 "6,887 1,983.847 " 64,619,829 79,677.297 Total araln.... 2.b20,><44 Wheat Corn, Mxporti from- hiuh. 396.624 64,144 217.270 23 500 24.U00 16,000 Boston.. .. Portland, Me. Philadelphia. Baltimore New Orleans.. Norfolk Newp'rt News OalTOSton. Charleston Pensacnla 180.627 174.4-0 John.N.B. 24,3S5 flour, bbU. Oati. bush. Rye, Peat, bush. 82.623 bush l(),^40 18.718 3.V-69 1,350 28,412 ts.aoo 17,0 j8 8,207 64,808 6,912 8,734 30,726 10.290 ' 1, 244,606 888,897 Bxports for and tinct Week :,i It Sept. 1 to— United KiUKdom ]M,663 4*,hj;8 Continent 4 0. America West indies B. lt<,3»7 Br.N.Am 2«,28» 170 4,8)9 Colo's Other countries TotBi Total 1898- ti9. 882,000 184,0(0 3r.'i0C 6.000 1,054,000 1,988.000 69,000 184,000 234,000 824,000 33,000 165,000 81.000 13.000 64.000 614,000 88 000 55.000 flg.fion 24,000 2.000 ;:••:::: 63,912,000 20,642,000 21,060,000 33 468,000 43,318,000 26,077,000 5)1,698,000 29,992,000 81,417,000 40,430.000 Note.— Beginning July 6,728,000 6.401,000 11.074,000 12 317,000 13,797,000 1, 1899, the 1,187.000 1.170,000 1,503,000 8.291.000 8,648.000 861,000 1.061,000 2,546.000 1.506.000 8.168,000 New York Produce Exchange has change4 New Orleans, Galveston Visible Supply Statement by including stocks at Kt. William and Pt. Arthur (previously omitted) Oswego and Cincinnati, formerly included. Its aud leavinK out Albanr Auction Sales.— Among other securities the following, not regularly dealt in at the Board, were recently sold at auction. By Messrs. Adrian H. Muller & Son. Storks. stocks. Nat. Citizens' Bank 100 146 20 Mechanics' B'k ot B'klyn.200 103 140 Pacific Bank 177 100 Brooklyn Bank 12 Cin. Sand. & Cleve. BB. 15 U. S. Mort. & Trust Co..5lO Bonds. Co. 6% pref 128 12 Boston & Maine RR I9314 $2,000 United N. J. BR. & 1' Atl.& Char. Air Line By. 129 Canal Co. 48, 1944 llT's 10 LeatlierM'f'B' Nat.Bank.220 $2,000 Jefffrsonville Mad. & 12678 20 Nat. Broadway Bank.. ..240 Ind. BR. 2d 7s, 1910 3 Market & Ful.Nat.Bank.22bJ« $2,000 Atl. & Cliar. Air Line II714 5 National Park Bank 42513 By. I3t78, lb07 SOOij) $t 5.000 Col.8and.& Hockiug 2 City NatioEal Bank 25 Nat. Bank of Coininerce.285 20 BB. Co.lsts 5 United States Trust Co. 625 $1,000 N. Y. Athletic Club 103 38 Journeay & Burnham, deb. tis. 1903 2ifl-4i8 $5,000 U. 8. Flour Milling common 28ie 9 Amer.Qrooery Co. letpf. ) Co. ist 6s, 1939 20 do do 2dpf. S$10 $100 Harlem Club, N. Y. C, 30 45 do do com..) 2d 58, 1909, F&A 100 Union Copper Co. .$8 per sh. $5,000 Atlan. Coast Elec.EB. 8238 25 Nat. Butch. .sDrov.Bank. 94i8 Gen. 58, 1946, J&J 19bB8 10 Trust Co, of America Messrs. Richard V. Harnett Stocks. I 2.500 ToLSt.L.&K.C.BR.com 500 ToL St. L. & K. C. BE., pf. ^s & Co.: Bonds. $1,500 Denv.PaperCo.7s.$150 lot. ^ mid ^iuaticial. 8.858,210 4 419 6S' Spencer 6 ",631 899 12,0 l.lrt? a.12 .23 1,249,4^2 71 442.259 37 PINE STREET, 29 ... NE\r YORK. INVESTMENT SECURITIES. 222,111 125,941 Co., Transact a general banking business, act as Fiscal Agents for corporations, and negotiate security issues of railroads and other companies. Execute commission orders and deal in Barley 4,871 & Trask & BANKERS, Members N. Y. Stock Bxchange Moffat 357,009 394. 171 Branch Office, 67 State St., Albany , Since Sept. \.18Pt» bbls. 6,414,814 1,2'IH,784 533,428 76 •.338 Wheat. . Week Mar. 17. 4,671 44,196 week and , Since Sept. I. Alexander M. Whitb, Jb & ^Vhite BANKERS, 36.728 63,338 1899. bush. hush. 613.'60 29.772,^66 591,946 80,019,301 8,669 126.83.1 206.244 16,824 881,586 8,285.4 '6 886,897 10,792,100 i'nin-S'/o 2.080,932 ^°-°"l'10 8rf.116.450 24«,e0fl . . 687,000 18W7 9,99. since orn. Since Sft Mar. 17 I, 180J Week Oush 1.76.3.6(16 ^>USh 48,518,078 1.568,448 68,433,1153 021 165.480 11.7 -3 i7l.rt74 _8.6<0 371.173 V.H6 688 134,«73 8 '«» 305 109,0 6 -'44 4,297,130 «7,«5°,3e* ... INVESTMENT SECURITIES. Members New York Stock Kxchange. 348.05; : Aiar. 17 417,000 *BicluBlve of New Orleans. Oalreston, Ft. William and Port Arthar.bat lacludinK Albany, Oswego and Cincinnati, now omitted. 1,160 9,5C0 of these exports for the 1899, is as below Flour. «f eefc 244,000 Qborob Babclat Moffat. The destination September 971,000 ae 172,212 10,714 . 968,000 46,9(J6 618 800 '6,093 Total week 1,120 830 3.469, S05 Same time '99. 2,030 93:< 4,297.130 ^ 21.9(16 .... . St. biuh. 628,075 25 (.267 1^5 767 993 031 668.816 291.627 8.800 2i 6.027 318.802 , ***'•*• Peoria Indianapolis On Mississippi River The exports from the several seaboard ports for the week ending March 17, 1900, are shown in the annexed statement: New York 184.0M Sauliiufli 1899. 4,819.330 . 8.000 3.761.000 5.000 189,000 afloat 87,297 °"*'*" ^" '»""" March to SLOW 10,000 Kansas City By 1900. 4,057,266 bbli <••••••••••• 1 ''*^ 873,000 . "3,000 *'"*"''"' 1,854,000 649,000 34.000 41.000 4:4,000 ,, 1 '""!U 17,008 Total receipts at ports from Jan. follows for four years: rionr butl. bOO 185,94i """"^ porta orfs^n ?h?oaMlu"onadlnT'" Wheat 116,026 30,647 10,h«9 8.000 3.365 172,212 '24is83 393,316 oj— Barley bush 28,412 1,150 9,600 300 10,714 _, Total week Vfeek 1899 Oatt, 358.500 114,600 49,783 103 510 75.619 10,880 63,260 ......". 30,7 i!8 Norfolk Salyeston Portland. Me. at the seaboard ports for follow: iVhtat, bush. 610,400 37,048 4,700 19,007 20,853 bbl». 112.200 85,141 5,210 Philadelphia Baltimore 6«(- 17, 1900, lour, at— Boston Montreal /teceiptf ... 34,639,125 4,721,517 31,590,261 8,645,888 9,998,111 216,183 Hew Fork Do 1. .. *13,dw 6,.373,000 14,000 > 2,525,757 88,320 603,922 5.000 14.400.000 86.000 8,469,000 14,424,000 248.000 12,851.000 724,000 Total Mch. 17, 1900. Total Mch. 10, 1900. Total Mch. 18, lfc9b» Total Mch. 19, 1898* Total Mch. 20, 1897* % 6,000 48,010 afloat Do Bu.C Buih.imb, 52,000 160,000 213,000 seo.'juu OnLakes On canal and rlTer Wheat. 442,000 4,000 80.000 417,000 Milwaukee Western lake and river ports for week ending March since Aug. 1, for each of last three years, have been: riOMT. 15,00(1 afloat JhlOaKO at Louis BbU.l9mbi Bwh.mih: 90,000 afloat Breadstnffs Figures Brought from Page 598.—The statements below are prepared by us from the figures collected by the New York Produce Exchange, The receipts at Butiptt at— 103,100 112,000 170,000 10.000 206.000 2,196.000 Jetroit Onluth and 510.000 1,488.000 1,230.000 1,110,000 830,000 Barley, buth. 110,000 62,000 68.000 662,000 97.000 746,000 afloat Minneapolis. 17, By*, bush. 171.000 433.000 Ft.WUl'm4Pt. Arthur + Including for Boston and Philadelphia the item "due to other banks." Oat$, bush. 157,000 btM?i. 1,367.000 coledo Do Corn, bush. 645,000 46,000 883.000 120,000 282 000 406,000 forton. Philadelphia Baltimore New Orleans Do in all these figures. Wheat, T . In store at— <ew York Do BKNK8. LXX. [Vol. No. I NASSAU STREET, 36 NEIIT VOKK. NASSAU STBEKT, NEW YOBK. FISK & ROBINSON BANKERS INVESTMENT SECURITIES. BARYBY EDWARD FISK. GEORGK Member N. II. R0BIN80N. Y. Stock KKctarge. : : March THE CHRONICLK 24. 1900.] ^anti^rs^ For Dicidends see page o69 1351^: $10,000 4s, reg., 1925, at \3i%; $86,000 4s. coup 1907, at 116 to 117; $95,50U 4s, reg., 1907, at 115 to 1 6%; $273,500 5s, coup, at 114 to IISJ^', and $30,(;00 2s (when issued), at 104 to 104%. The following are the daily closing quotations; for yearlu range see seventh page follovnng. , ^a^jettje* jdy. 8TREKT. FRIDAY. MARCH 83, 1900.-5 P. M. The Money Market and Financial Situation.— The chilling effect upon business at the Stock Exchange of the unfortunate financial condition of the Third Avenue Ra-lroad Company, which was made public a month ago, has been entirely removed this week. This was done by the an\irAL.L. nouncement, late on Monday, that the Metropolitan Street Railway management had acquired a controlling interest in Tliird Avenue stock. The fluctuations in value that accompanied these events form an interesting chapter in Wall Street history. The removal of this incubus has been followed by increasing activity and a buoyancy that has not existed for some time past. This condition has no doubt been augmented somewhat by other influences. It is reported that buying for foreign account has been a feature in this market, and that commission houses with outside connections have been doing a larger business than of late. Another noteworthy feature of the present stock market is an increasing interest in several low-priced railway issues. This interest is stimulated by dividend prospects which seem to be fully warranted by current traffic reports Widely different opinions exist as to probable future money market conditions, and as a consequence business in this department, especially for time loans, has been much restricted. The open market rates for call loans on the Stock Exchange during the week on stock and bond collaterals have ranged from 3 to 6 per cent. To-day's rates on call were 3J^ to 5 per cent. Prime commercial paper i^4 to 5'^ per cent. The Bank of England weekly statement on Thursday showed a decrease in bullion of £333,268, and the percent- age of reserve to liabilities was 4o'0\, against 38*33 last week; the discount rate remains unchanged at 4 per cent. The Bank of France shows an increase of 4,000,000 francs in gold and 4.450,000 francs in silver. The New York City Clearing-House banks, in their statement of March 17 showed a decrease in the reserve held of $6,825,700 and a surplus over the required reserve of $2,686,425, against $5,676,375 the previous week. \lnterest Mar. Mar. 17, 19 Periods. 38, 38, 3s, 3s, 48, 4e, 48, 4s, 5s, 5b. -Mch. -Feb. -Feb. -Feb. -Feb. -Jan. -Jan. - Feb. -Feb. -Feb. -Feb. reg. reg. 1918 1918 coup 1918, small. reg, 1918, small, o'p, 1907 1907 1925 1925 1904 1904 reg. coup, reg, coup. March 17 JHfferen'sfr'm Prev. week. Capital SurpluB 68,422,700 83,342.900 Lioans & dlso'nts. 751,891,700 Deo.ll3114n0 Circulation 18,869,400 Deo. 62.500 Net deposits 814,032,700 Deo.15343000 8l>«oie 147,276,500 Deo.5,453,100 I^gal t«nder8 58,9aO,600|Dec,l 372,600 Reserve held 206,207,100jDeo 6,825,700 Legal reserve 203,520,675 Deo 3,835,750 Surplus reserve 2.686,4251 Deo 2.989,950 1899. March 18. 1898. March 19. 57,872.700 75,728,000 773,951,800 13,886,900 398,851,700 190,059,300 63,727,800 243,787,100 224,712,925 69,022,700 74,259,100 607,278,900 13,864,800 688,177,400 129,275,900 70,828,500 1P,074,175 28.060.050 200,104,400 172,044,350 < reg, coup. *111 — was limited and amply met by the supply. To-day's actual rates of exchange were as follows: Bankers' sixty days"sterling,4 82@4S2i:i; demand. 4 85J^@485i^; bills 86@4 ^63^; prime commercial, sixty days, 4 SIJ^® 4 81%; documentary commercial, sixty days, 4 80%@4 82; grain for payment, 4 81%@4 82; cotton for payment, 4 80% @4 81; cotton for acceptance, 4 8\.l{(&i 81%. Posted rates of leading bankers follow: cables, 4 22. 104%ri04l« — 1*10113 -110 1101« 109 12 •10913*110 'llO 115 II512 115>3 116»4 116%' 115 116i«*116ifi 117 116 *135 "ISS 13413*13414 '134 1*13413 *135 *135 I3518' 134 134 '134ifl *115i3 *115i9 ;*114i4!*114 *114is*115 *115i« 114%lni4i4l*114 II5I4 115 *110 I This Coins. Following coins and bullion Sovereigns.'. $4 86 Napoleons 3 86 XXReichmarks. 4 73 4 78 25 Pesetas Span. Doubloone.15 50 Rlex. Doubloons. 15 50 Fine gold bars... par Mar, 23 115% 115 no sale was made, Department" for bonds ; t are the current quotations in gold for : — SG'^s® — 60% — a— 96ifl Mexican dollars.. — 47%® — 49 — 44 •©—45 Peruvian sols English silver $4 84 ®$4 88 U. 8. trade dollars — 55 -S — 70 ®$4 88 @ ® 4 78 •© 4 83 — Fine Silver bars.. Five francs 3 89 @15 60 ®15 60 9.=> '®i4prem. State and Railroad Bonds.— Sales of State bonds at the Board include $114,500 Virgmia fund, debt 2-3s at 89 to 90, and $1,000 Tennessee settlement 3s at 95. The market for railway bonds was fairly active and genColorado Midland issues were the prominent ei'ally strong. On the prospect of improved conditions likely to features result from a closer union with Colorado Southern, the 1st 4s advanced 5 points and the 1st 2-4s, in which the transactions were very large, advanced over 9 points. Detroit Mackinac & Marquette 33^s were also conspicuous for activity, and after moving up 5 points to 39 lost about half Atchison issues were also heavily dealt in, the the gain adjustment 4s gaining over a point in the movement, Mexican Centrals were no'^ably active and show substantial The active list also includes Baltimore & Ohio, Erie, gains Norfolk & Western, Northern Pacific. Reading, St. Louis & Iron Mountain and Union Pacific bonds. — Stock and Bond Sales. The following shows the volume of business in stocks and bonds on the New York Stock Exchange for the past week and since Jan. 1 -Week end. Mar. 23,-. —Jan. 1 to Mar. 23. Sales at « y. T. stock Exch. 1900. 1899. 1900. 1899. $534,760 115,500 16,013,000 «746.900 «7,000 18,953.500 13,073.140 895,200 129,283,700 $4,205,060 1,04W,100 300.599,400 $10,663,260 3,823,537 $376,709,250 $10,000 shares, par value. $19,797,400 3.940.392 $381,550,850 36.100 $133,252,040 29.054,653 $2,776,864,012 $43,250 $305,853,560 53.092,278 $5,199,057,200 $177,415 Government bonds... State bonds KR. and misc. bonds,. Stocks— No. shares Par valne Bank We add the following record of the daily transactions Week ending Stocks. Railroad, <tc. State ma. Mar. 23, 1900. Shares. Bonds. Bonds. Par value. Bonds. . Saturday Monday Tuesday Wednesday Thursday Friday Total The sales BTOTE.—Returns of separate T3anlC8 appear on page 567, Foreign Exchange. The market for foreign exchange has been dull and easy through the week. The demand for Mar. 21. I is the price bid at the morning board Prices are quotations in the "Unlisted "when issued." * Mar. 101»ii*101i« *101i« -101 *ioi 11114 aio^nio •lOOJ* *110 111 111 109% llOk 110 Total 1900. Mar. 20 104 2a, 30-year, ref'd'gt| 28 I Saturday Monday Tuesday Wednesday Thursday Friday. Total 150.895 493,871 751.681 766,141 983.484 aS9,465 $14,824,500 4^.893,350 73,264.900 74.376,200 97,329,950 68.120,350 $1,805,000 3.823.537 $378,709,250 $1S,5C0 2.453,500 2,052,000 3.735.000 2,620,500 $1,000 5,000 16,000 10,000 73,000 10,500 75,260 42.500 815,500 18,000 $16,013,000 $116,600 $534,760 3.341 000 70 000 on the Boston and Philadelphia Exchanges were: Listed -Boston.Vnlisted shares. shares. . Bond Philadelphia. Listed Unlisted Bond 3,776 7,810 17,633 11,998 17.090 ld.29a sales. $60,000 59.000 84,300 51,860 3«,000 14,630 shares, 9.265 11.912 13.660 18,566 33,912 17,350 104.665 73,590 303,790 103,494 2.080 12,670 15,375 21.248 33,883 18,732 — shares. > 15,?82 11,334 sales. $94,9t0 124.6C0 129,910 143,876 143,500 80,625 81,883 717.450 6,66<J 14,483 13,447 2l.67.< Railroad and Miscellaneous Stocks. Interest in the stock market has broadened, especially in the railway department, as a result of the developments of the week. The volume of business steadily increased from less than 500,000 shares on Monday to nearly 1.000,0^0 shares on Thursday, and apart from special features prices advanced an average of nearly 3 points. This movement was stimulated by a senMarch 23. Sixty days. Demand. sational rise of over 45 points in Third Avenue Railroad on the announcement noted above. Prime bankers' sterling bills on London.! 4 83 ®4 83is 4 86i2®4 87 Prime commercial 4 81ia@4 81% Baltimore & Ohio common advanced 11 points on diviDocumentarj- commercial 14 80%'a4 82 dend prospects, which seem good in view of current earnParis bankers' (francs) !5 21''8'a'21J4* 5193s®5 18%* ings and the fact that the preferred dividend is limited to 4 Amsterdam (guilders) bankers 39%®39i3jg 40 ®40>i6 Fran kfort or Bremen (relohmarks) b'kersl 94 -©94118 The internationally-listed stocks, including 94%®9513,,> per cent. * Less iig. Atchison, Union Pacific, Southern Pacific, Northern Pacific The following were the rates of domestic exchange on and Louisville & Nashville were strong on buying said to New York at the under-mentioned cities to-day: Savannah, have been for foreign account. Pennsylvania Railroad buying 75c. discount, selling 75c. per $1,000 premium; advanced over 4 points, and several other soft-coal carriers Charleston, buying par, selling 1-10 premium; New Orleans, were notably active and strong on the favorable condition of bank, $1 00 premium; commercial, 75c. discount; Chicago, the bituminous coal trade. So much interest centered in railway stocks that the mis20c. per $1,000 discount; St. Louis, par; San Francisco, cellaneous list was comparatively neglected. The erratic 17><c. per $100 premium. features were Consolidated Gas and New York Air Brake, United States Bonds. Sales of Government bonds at the each of which fluctuated over a range of 10 points. AmerBoard include $26,760 33, coup., at lOO)^ to 111 $3,000 ican Sugar Refining, the Tobacco shares, Colorado Fuel & 3s, reg., at 110 to 111^; $30,000 4s, coup., 1925, at 134 to Iron and United States Rubber were notably strong. i — ; «X THE CHRONICLE-STOCK PEICES (2 pages) 570 New York STOOKS-HiaaSST Saturday, March Monday. March 17. •16« 17 •44 •44 23)4 68X 69H 7dk e6« 67H 68X 7BM 63)4 64 •101 *9i% 95H •48 •98 •115 49 6Vii 6e»4 77J4 66?i 63Ji 76 e4 23M ei ,,.. 95X 69 67 77 23% 68% «9X ?I^ 65 103 118 •94X 95)4 •96 4896 •98 «9 49 •99 .... 116^ 115 li6)i 116 116 28)^ 28?s 28}i 38^ 28M 28% 127 187)4 •119« 189i •85Ji •75 I3i 18?^ •87« SIM •62 55 128« •173 •160 •185 13391 174 188 199 108« •107H •160 •10« 88>6 . 59Jg •103 18 116% 18796 •8 9< 76)i 8.54 31)4 87« 21 •63 65 124 133)1^ 87 lea 89 23% 39 83 66 56 124% 1349i 174)^ 168)2 199)i 199)5 10991 110)i 174 199 •56 '56 -- 69)6 •66 59)4 IIH IIM 1196 IIH 11% 11% •88 88H 38)4 28)4 28% 3991 29% 7 7H 7)1 691 45« 44«H 4469< 45% 45)6 46 45% 18H 18)i 19)4 19 19)1 1891 •l'i2« 114 1159^ 116)6 116)4 115 177« 177H 178 178y 178)1 178M 178% 19^ 19H •19)4 80 1894 199< 1996 72 71)2' 7l9i •71 71)6 7194 71% 14« •14Ji 15 15)6 16% 15% •5)4 594 •6X •591 •5% 8)1 16 13 88 :f8« 80 •El'* •15)4 16 16 13 88 13 13X 38% 38)1 80)4 E3J4 •18)6 S4 94 53 •93 94 18)1 13)4 38)1 19)4 •18H 63 94 68)6 93 •16 39 83 65 125 39 23Ji 56 18591 n74 176 163 •11% 13 4696 20)1 11591 179 20 18 39% 7% 2991 796 80 20 11591 116 179 180 SOU 21% li^ 15% 73 7394 159i 15% 5% 6)4 6 16% 16% 18)^ 13% 88% 40% 19% 30% 61% 61% •91% 94 94 •••t* ••••• 167M 16/% 167i< 168* 82W 32% 88 •62« 14X •16« 83 68 63)6 113)6 113)6 113)4 49 •IS 15 16% 15% 49)4 61 13 61 14 •16)6 8 17 •16 17 14 18 •8 4 •16 17 •20M 29 86 86 •194 810 •46 66 83 81 210 55 46 819< 9191 92% 93% 135 4M 14)1 6 •106 68 83)6 •16 •77)6 14)1 491 61% 93 18 98)6 •63)6 •10 11 •33)6 82% 15)1 6191 17 20)6 22 84)4 86 194 210 •46 65 83)1 93)4 164)4 8291 9796 78 X 78% 13% 14% 4% m 494 106 ••••• 63 62% 95)4 9591 17)6 18 9591 53)6 59 lOH 10)4 53 •10% 11 33% 8291 •••» 216 22% 83% 88)1 810 8896 76% 76% 68% 68)1 'S'4)l 134 •210 216 23% 83% 33% 32H 76% 76)1 8296 83% 76% 76% 63% 54% 63 7496 216 8396 23 74)1 13 14 17% 17^ 3 4 15 •31 85 17 23 86 810 65 194 •45 82% 8396 96% 98% 17094 63)6 7496 7496 30 78 78 13% 14 7496 95 •16 3S% 11 3891 46 47% 46% 471^ 188% 189H 135% 18594 §12 •71 12 79 33 38 51 18% 13% 1791 •3 15 86 194 18 4 17 210 216 83% 24 50 64% 8396 8i}4 9794 54% 6596 7496 75% 77 65% 6591 96 98% 10 3391 1881/^ 8391 •60 •80 •60 51 78 "si" 68 88 65 185 88 66 136 "2% "8)6 •66 70 83% 83 •17% S691 •88 • 17% 57 89 60 1849i i3 •66 65 50 61 •80 •60 88 65 135% 134% 135% 8 a 70 •66 •82% 85 17% 1796 56% 57 23% 29 Bid and asked prices 1 8% •50 51 80 88 •60 65 13491 137 80 60 133% 133% §3 689iApr 100%8ep 13896Sep 2096Jan 73 Jaa 11 3996Jan 6 14 Jan 15 7791Jan 31 41% Jan 31 31 r' . . 18% 3 15 96 19 69 Do 4?« 6596 3*91 48)g 479» I36y, 136 13 79 8&}4 7%Jan 31 18 Mar Feb 2 16 20%Mar 83% Feb Feb 16 15 pref. SOO . . 1,080 pref. 2 27 Jan 87 Jaa 2 2 4 6 §197 Jan . 3 §200 Jan "a 10 47HJan 4 55 Jan 80 Nashville. . 40,733 77%Jan 9 85%Mar 22J Manhattan Bnev.,oonsol. 96.945 909sJan 16 101 Feb 14 etropolltan Street 136,003 155 Mar 19 188 Feb 13 Met. West Side Bl. (Chlo.) 700 24%Jan 29 2991Mar 20 Do 685 76 Feb 27 83%Feb 14 pref. Mexican CentraL 10,815 10)«Jan 8 l496Alar 19 ., Mexican Nat'l tr. rects... 4,750 39lJan 4 5 Mar 17 Michigan Central §104 Jan 22 §112 Feb S Minneapolis ft St. Louis.. 5,996 58 Jan 25 669lMar 21 Do 2,450 9091 Jan 12 96%Mar 31 2d pref. Minn. St. P. ft S. 8. Marie. 800 15 Jan 2 20 Mar 23 Do 300 60 F. b 5 59 Mar 33 pref. Mo. Kansas ft Texas 70 10 Jan 5 ll%Mar 23 Do 14,381 31%Jan 11 34%Feb 6 pref, Missouri Paciflo 88,308 3898Jan 11 4S%Msr 83 Moblleft Ohio 3,550 39 Jan 12 48 Mar 23 Morrlsft Bssex §183%JanlV( 183 Mar 15 Central ft Hudson.. 84,6P5 13 094 Feb 36 138 Jan 5 T.Ohtcft St. Louts... 850 12 Mar 1« 1391 Feb 7 Do let pref 79 Feb 13 85 Jan 31 Do 2d pref 820 32 Jan 2 36 Feb 7 LonlsTllle l^^ 33 1,130 tr.rec. Lake Sh. ft Mich. South. Long Island 96 20 59 47% 47% Oul r, Lake Blrle ft Western. 8796 491 ft Do 17 23 210 50 66 8496 85 '108 6596 an. C. P. Keokuk ft Des Moines 4 ft ', NY. 5 May 16 Mar 149lJ'ne 60 Jan 6% Feb 22%An8 24 Deo 85 Deo 208 Jan 85 Apr 88960ct 13396Apr 289 Mar 196%Jan 45 Deo 63 Mar 85%Dec 147 Dec 13%Ang 29%Nov 44%May 83 Nov 6 1 110 17%Apr 6%8ep Jan Jan Oct 116 Jan 78 Aug 99%Nov 37%M«7 72 May 14%Jan 45%Aug 62%Apr 58 Aug 35%Jan 73%Jan 89i[Jan 39 Feb 9%Dec 2896Dec 33 Dec 38 Jan 178 Jan §187 Nov 120 Dec 1449iMar ll%Dec 199;Jan Mar 86 Oct Deo 41 Jan New York A Harlem §360 Jan §890 Mar N Y. Lack, ft Western. §130 Jan "1 81 3 5 "Mar 10 189% Jan §138%Mh N. Y. New Haven ft Hart §212%Jan2k# §31 591 Jan 3 §198 Jan §888 Apr N. Y. Ontario* Western.. 24,387 20%Jan 6 25%Feb 7 28%M«r 1896 Jan Norfolk ft Southern.,.,.,, 70 May 88J6N0V Norfolk ft Western 148,463 2296Jan 10 38 Mar 1796Mar 8896AU8 Do 4,331 67 Jan pref. 8 77%Mar 8196Jan 74% Aug Nor. Pac By., rot. tr.otfs. 110,890 50%Jan 11 66%Mar 4896Jan 67%Aug Do 11,330 72%Jan 8 76%Feb pref, 88 Deo 81%Jan Or.BR.ftN.Co.TOt.tr.cfs. 33 J'ne 62 Jan •••f Do pref., vot. tr. ctfs. 6891J'ne 7791 Sep iiie'e Pacific Coast Co 49%Mii'' 63 Jan 38 May 64 Not Do 1st pref 8491 Mar 9 87%Jaa 84%Apr 90 Feb Do 8d pref 6491Jan 19 6691Jan 68%J'ly 6891N0T Pennsylvania 183,468 128%Jan 12 139 Mar 182%Jan 148 Jan Do sub. r.cts full paid. 36(1 127% Jan 23 133%Mar 2%Dec 8 Deo Peoria Decatur & Bvansv. 670 l%Feb 37 8%Jan 1 Jan 796NOT Pittsb. Cln. Ohio, ft St. L. 86 Jan 80 80%Jan 43 May 88 Jan Do 1,140 81 Mar 9 94 Jan pref. 80 Feb 100 Anc 4,118 17 .. Mar 12 19%Feb „.„> Reading, voting tr. ctfs. 16%Deo 36 Jan Ist pref., vot. tr ctfs. 83,0301 49 Jan 9 60 Feb 43%Dec 68%Apr 3d pref.. voting tr otfri. 6, 8081 88 Jan 9 3 Mar 22% Deo 38%Mar I 86 89 , . 814 24 8896 38 77% 65% 75% 7791 5696 7614 70 90 17 67 5796 39 58% 8896 no 17 sales 17% 89 187% 13891 188% 139 67 1891 39)4 2% 2)^ 87 85 86 70 87 18 5891 2944 18% 69% 6891 30 80 were made on this day. Ask. Bid. ••••I .»..., 52 52)4 *Si 88 •62 65 2% 8 87 88% 88% 88 70 OUTSIDE SECURITIES Street Itallway. NBW YORK CITY. 31«Deo l49%Feb • ••••• 70 88 13% 18)1 69J6 31 Ratlwam. Ask. Bid. A lOth 8t-8took 175 185 ColA 9th Ave bs-Ste Stock Bzchi iBt. 100% Dry D K B A Bat— Stock 180 140 B'way ft 7th Ave— Stock 830 840 iBtgold 59 1933... JAD §116 117 Istmor 6s 1904...jftD §103 104 Scrip 58 1915 FAA 95 98 Sd mor 5i 1914 J&j 109% 111% KlKhth Avenue— Stock.. 386 400 Oon 6s 1943— Se<! Stock Bzota 1st. Scrip 8b 1914 108 110 B'way Su" Ist 5b gu. 1924 »'.17 118 43d A Gr St Fer— Stock. 895 410 %i 6slnt a.* rental. 1905 §104 106 43d StMan AStN Ave.. 60 65 0«ntral 36 . 1 . Crosstown— Stock 370 300 IStM 6s 1933 MAN ;i86 130 in Pk N A B Blv— Stock 199 Oonsol 7s 1903 JftD 108% 107% ; Less than 100 shares. Chrlst'p'r BlMOk St ft Ful F— Stock. 81 Istmon 48 1960... JftJ 100 I "l (Given at foot op 7 oon seoutivb vLQm).— STREET Street Nov . •134 76)1 Jan 12696NOT . 216" •210 "34% "37% 77 77% sm 56% 70 94 . . , 189% isey. 189)^" J3891 Apr Nov Dee 1 800 700 6p.c.pref."A".. ^Do 12% 13% 12 79 Do Do 2% 34 •72 59 103 87 , 84% 13591 13694 86%Nov i . 11 46% 4791 47% 48 19%Oot 48%Oot 24%reb 68%An» 61%Apr ^ 11 •!•••• ••«••• ••«,. J5l)l 51)1 •80 88 • Higkeai, 82 Dec 103%An« 509lJan 85%Aug 28 J'ne 4496Sep 23 6,438 ft 33%Mar 19 Nov 79<Jan 54 66 ^o 1,650 pref. 24 45%Jan 56 ~ Feb 27 81 52%Nov Zl21%133 Chicago MUw. ft St. Paul. 49,9«ii 115)iJan 10 13591Mar 23 113 Jan Dec 138%Sep xl71 172 Do 994 169%Jan 18 174%Mar 21 165 Dec 179 Sep pref 182 182 Chicago ft North Western. 833 158 Jan II 164% Jan a 141%Jan 173 Sep 195 199 ^° 600 198 Jan 4 199%Feb 6 188 Jan 210%Sep pref. 110J61119< Chicago 47,111 l04%Jan Isl. ft Pac. 9 113 Mar 2i 100 Dec 182)iJan 112 116 Chic. St. Rock P. Minn, ft Om.. 200 114%Mar 19 133%Jan 31 91 Feb 126%Sep '160 175 Do 173 Feb 8 176 mar 3 170 Jan 185 Sep pref 11J< 121^ Ohio. Terminal Transfer.. 3,882 9 Jan 9 13 Mar 32 7%Jan 25%Mar 35% 34 Do 4,685 82 Jan 16 39 Feb 7 pref. 31%Deo 56%Mar e<> 6291 Clev. Cln. Ohio, ft St. L.. 80,105 5896Feb 26 85 Jan 5 42%Jan 8496 Nov 108% 1-614 „ ^0 100 104 Mar 8 109%Jan 6 pref. 94 May 108 Dee •18 20 CleT. Lorain ft Wheeling. 800 14% Jan 10 23%Feb 20 9 J'ly 1611 Jan 68 59}4 Do 60 48 Jan 2 60 Feb 19 pref. 37%J'ne 49%Deo 11^ 113^ Colorado Mid., TOt. tr. otfs. 1,710 9 Jan 4 1 %Mar 20 5 Oct ll%Deo •39 2994 Oo pref. vot. tr. ctfs. 3,186 21 Jan 5 29%Mar 31 16% J'ly 87 Sep 7% 7% „ Col. ft Son., listed May 24 37,722 796Mar 22 5%Jan 29 496Sep ,8%Jan il}4 46% Do 6,155 89 Jan 8 4 6% Mar 22 Ist pref. do 35 Deo 68%Mar 19 19)4 Do 3d pref. do 6,765 14%Jaa 6 20%Mar 31 25 18% Deo Mar iie% 117 1,433 113 Jan 8 119 Jan Pielaware ft Hudson 3 106%Jan 1259<Apr 180 18391 --'el. Lack, ft Western. 2,9S( 174 Jan 11 188 Feb 2f. 157 Jan 194%0<jt 2196 Denver ft Bio Grande. 7,' 22 16%Jan 10 3i96Mar 23 16%Dec 2896Apr 73% 73% Do 8,730 66%Jan 10 7391Mar 22 pref. 63 Deo 80 Apr 1591 16 Des Moines ft Ft. Dodge. 900 13% Jan 15 16%Feb 7 12%Deo 23%Jan •5% 6 Dul. 80. Shore ft Atl...... 491 Jan 12 6)iMar 5 8 Apr 8 Not 16 16 790 13 Jan 19 17%Mar 5 791Jan 17%N0T •13 is)^ r^nl 1,855 1196Jan 9 13HMar 20 10 Deo 16% Jan 39 89% 11,398 Sl%Jaa 1st pref. 9 40%Mar 23 87%Dec 42 Jan 119)6 30 Do 1,600 1596Jan 10 2096Feb 9 2d pref. „ 2 2% Jan 15%Dec 61)8 53 Hvansv, ft Terre Haute 5,143 40%Jan 5 6496Mar IS 36 Mar 46%Nov •91)^ 94 Do 90 Jan 24 94 Mar 1 pref 70 Jan 98% Sep Ft. W. ft Den. C, stamped 15 Jan 29 15 Jan 89 14 Aug 26 Jan t. Worth ft Bio Grande. 14 Feb 30 Mar 16091 16191 Great Northern, pref. 8,176 156 Feb 26 174% Jan 3 142%Jan 195 Mar r'nB.ftW.,deb ofs. "A" 5 3% Mar 7 57 Jan 19 4 9% Jan 61% Jan 7% 7)^ Deb. ctfs. "B" 6 Mar 10 79iJan 22 6 May 9%Oet 36 859s Hocking Valley 4,495 30% Jan 10 35)«Mar 32 82 J'ly 87968ep 64)^ 61% Do 6,041 58 Jan pref. 8 64%Mar 93 53%Dec 66%Sep 113?4 114% I Ulnols Cohlra! 3,482 11091Jan 9 11 4% Jan 25 106%Deo 182 Jan 1496 J-owa Central 7,0C2 ll%Jan 12 15%Mar 19 10%Mar 16JlAn« 61% 51% Do 1,586 47%Mar 5 55%*eb pref. 40 Dec 63%Aug 18% 14 Kanawha 4 Michigan... 300 10 Jan 2 la%Feb 16 Mar 79iJan llti^ 4% 83% 24% 34)6 Lowest. m 4p.o.pref. "B".. ^ 889( Ohio. Indlanap. LonlsT. 96% 9391 162% 168 160 164^ 39% 89% 39)^ 30 78% 79 79)^ 79% 14 1496 13% 14)4 •211 "3291 7696 Highest. pref BDo 89% 39% 194 134" 134 •310 A nnDoArbor Atoh. Topeka 77 77 21% 38 86% '85% 4% 19 59 11 6iH 114% 15% 106 96% 53 35% 639< 5 •496 '106 "63H 6891 46% 4596 45 46)6 46% 46% •44 45 4491 46)4 46)1 46% •188)6 189)6 •188)4 189)4 188)4 189% 134)6 ^^^'^ 184)4 13491 13491 135% •18 13)1 12)1 •12 70 79 •70 79 JO •88 •33 35 33 33 35 •184 •810 114 15 51 171H 167 11^ 69 32)6 34 17 4 794 33% 83% 2991 78)6 1496 106 63 23 59 83)6 93)4 161 30 •39 113% 162% 161 6391 61 11391 11391 1596 •51 53 83)6 15 85% 85 16991 162)6 63% 3 4 194 3Si% 63)6 61 *X3 17 •20M 33 160)4 162 14 158% 160 Lowest. . 78% 76% 89% 7% 88% 19% 19% 68)1 63% •91% Week. Shares 300 16%Mar 8 17 Mar 29 14 Apr 10 41 Jan 3 47 Feb May '2ji 36 122,032 & Santa Fe 1896J»n 8 8e%a.ar 29 17 May 69% 704<, 69 pref 155,585 58% J 11 7096 var 6096Jan 7496 73% 74% 72 alt.AOhio,Tot.tr.certf8. 141,580 5 5% Jan 8 7496Mar 38 43%J'ne 78% 79% 77)^ 81% „ Oo pref. 106,444 739lJan 9 81%Mar 38 67%J'ne 70 Brooklyn Eapld Transit. 70 72% 67 }05,766 83%Mar 19 77 Jan 31 61 Dec •66 68 68 Baffalo Booh. & Plttiburg 70 815I 53 Feb 87 68 jxuiL' 33 80%MaT 105 105 '102% 115 Do 800 93 Jan 18 105 Mar 23 pref. 69 May •95 •95 9541 Canadian Paoiflo 96 IOC 9091Jan 4 99JlFeb 13 8496MaT 49% 51% 60% 61% anada Southern 6,090 479jFeb 37 51%Mar »3 46%Dec 105 .... Capital Traction 103 2« 93 919iFeb Feb 8S 85 Feb 115% 115)6 116)^ 1171^ Central of New Jeriey.... 1,661 116 Jan 6 ll99:;Jan 2 97 Jan 30)1 30>s Chesapeake A Ohio 3891 3094 71,010 38 Mar 8 81%Jan 2 239<May Chicago Burl. & Quincy. 1879i 1289* 1273^ 138 47,650 119%Jan 10 13896Mar 2^ 114%Dec 40 Chicago OoMol. Traction. 37%Jan 2 3996Jan 15 85 Dec 96% 100% 100 101 Chicago * Baat. nUnoU. . 4,310 88 Jan 31 101 Ma' 23 599<Jan «iao%i20)^ 130 121 1*0 85 pref. 120 Jan 17 124 Jan y^ 5 11 291 Jan 13% 13% 18% 14 Chicago 5,67)3 Great Western. 1196Jan 11 14%Feb 6 1096Deo 8J96 8796 88 87)4 Do 4 p. 0. debentores 430 85 Jan 12 89 Feb 25% 26% 59% 165% 65% 16)1 1396 3896 §J3% Range for prev cr(l8 99). cz:a . 87 X '75 109)4 114)4 114)4 •58 137% 537)1 11)9 ire 23 2894 40 •75 76)6 39 39 21)< 23 54 55)1 1239i 12491 173% 174 161 181 of the Railroad Stocks. 18 46 26 70 •44 163 189 199 199% 199% 10996110)6 11096 113 111 115 •111 116 •107% 115 160 180 176 160 175 160 173 170 il3 13 11 11 11 12% 13% 13 *33)< 34 83 38 32 36 36% 37% 60)4 60 589i 60% 60% 62 6191 63)1, 103 •103 106 106 106 107 107% 108% 18 20 18 18 20 18)1 18 30 •195 IIM 95% 49% 28)4 13691 •16% LXX. [Vol. . 66 103 37 87 75 §16091 16091 84 •}3y, N. 1. Range for year 1S30. On basis of loo-sh're lots Sales STOCKS. Y. STOCK EXOH. Friday, March 23 17 45 il5 3496 849« 69)^ 133 13?i J174X 174)4 111 175 17 96 96U 9696 9596 •119)6 121 !I2i 121 13)6 1396 139i 18% la96 a38 •85« 87 76>< 39)< 126% 13791 37 98)4 96)4 37 •96 17 46 •44 69)4 70)4 789i 72)4 --,. 64)6 669f 64)6 '101 96)i 48)4 4|H. •16« 17 46 24 •16)6 •44 3391 46 Wednesday Thursday, March 21. March 22 20. Page Weekly and Yearly Eecord. Daily, LOWEST SALS PBIOES. A!fD March 19. Exchange-A Stock Tuesday, •16H 17 46 28« •61 •101 8 ,.. .. ....,........... .. . . Ist mort 68 1910. .MAS 1114 3d Income 68 1915. JAJ 95 Lei AvA Pav F Ss-Se* Stk »J0h Ninth A venue— Stock .... 198 116 97 1 int 906 Wtreet Railway. — Bid. Second Avenue Stock. 199 1st mort 58 1909.. MAN ».07 . Aik 301 i08 Consol. 58, 1948.. .FAA 1118 118% 8'0 Sixth Avenue— Stock, .... 305 Sou Boulev 5s 1946.. JAJ <111 114 108 Ist 6b 1919.. {106 Fer AAO So Third Avenue— /See Stock Bzch llBt. Tarry W PAM 6».1938 Yonkeis St 88tb BR 68 A 39th 8ts 1 8t Sb. . '96 Twenty-Third St— Stock. Deb 5s 1906 JAJ nmon By 1st 5s '48.FftA 103 103 {114 400 106 111 109 107 115 405 lOH 113 RAIL WA T8, Wtreet Westchest Railway. iBt 58 '43.. JAJ BROOKLYN. <tc Bid. «109 Atlan. Ave., 1st 6s.. AAO J107 Con 58 g 1931 AAO 114 Impt 58 g 1934 99 JAJ AW.B. 58 1938. AftO §100 Brooklyn City— Stock.... 834 Conaol 58 1941 lAJ 115 BklynCro88tn5sl908 JAJ 118 BkinHgtBlBt 58 1941AAO 104 rkyn Q Co.A Sub— Sm St ok Bx. BklynRap.Tran.— Sm Sto ok Bz. 1 rem Gr.AB'kvnlBt 6« {in B. B. 1 Ask. Ill 109 116 101 108 386 117 116 ..*••• lUC List 118 — Mab. . .. . . . .... THE CHRONICLE-STOCK 34, 1900.] prices (2 pages) 8TO0KS— HIGHEST AND LOWEST SALE PRIOES. Saturday, March 17. Monday, Tuesday, Wednesday Thursday, Friday, March 19. March 20. March 21. March 22. March 23. *63% •63« 91^ 91M 6M •6 41 43 16 •16 •10 \0\i 9194 6 •41 •16 91« 90 41 6 6 6 43 43 16 16 16 43 15 43 15 6 6 10« 10 69% 69% 70 I10« 70 J69 •634 60 •634 60 914 •90 914 64 34 J38% 33% 34 •10« IIH •lOH 18 •89 89 80 39H •34 104 894 38H 13^ 18H 58H 68!^ 89 18M 68H 16% 66« 16 J16 7m 36 eiH •so •40 •80 •40 45 49^ 49M 74H 74J< "im 7 •6H JO 80H lOM 10k •61H 63^ 87 ilH le^ 16H 116 •114 *U5 •33H 31 60 1149^ 160 147 147 •147 47 •74 47M 489i 47H 48« 7BH 74M 'J'^H 175 18M ISH •13« 139< »57« 674 57« 5796 5 5 •80 66M 919i 81 57 03 108X103 •• 91 88H 33H 80 88 106M 106 «ex 47M «144 146 9 9 •1« 44 •ISO 16 2 40 40 91^ 93 35 81 36 81 5696 zS4H x90H 90M 153 4% 50 • 93 3896 34 80 82 105 10696 469< 47« '144 146 9 %U, •IH 120 15 15 60Mi 187 58 99 4496 « 45^ 125 16 49% 50% 739i •7H * •88 c 6814 9 8S 70 76 77 •11 101 15 • I35M • •••f* 35» wl 74 •135^ 137 52H 52H •98 •11C«113 1112 •18 18 18H •am 85 147 86 45 5396 754 76 •6% 7 21% 10% 114 664 57 3C9^ 324 174 17% 814 2194 11 lli-ii 60 60 1694 65J4 3396 35 160 48 76 §148 474 76 134 134 66% 674 7 61 03 88 83 17% 66 34 5 349i 61J(i 8 84 99 118 19 6m 8 38 70 339i '104 105 384 3394 1394 57 67 4% 9^ 4494 130 154 60 74 •5 34 *8e9< 2394 45H 46 95H 5l« 5194 9\^ V\% •85 41 15i< n% •8H 9 44^ 93H Si 93 35 47J6 95^ 58H 93 41 128^ 135 6094 61 58J6 5294 744 754 75% 764 1864 1274 187% 12894 51% 62 514 524 5194 9»>6 08 99 iimiiij^ •11141124 174 19 10!^ 62 63 63 8 •6 8 64% 654 6% 64 74 77 100 199i 9094 8496 • 70 144 14% 14 354 36 354 §904 904 34 3496 • 894 24% 10894 1034 •10294 10494 103 15 15k 1896 896 3194 86>< 87 S7 97H 9hhi 97« 98H •63 63H 15354 534 ••84« 88i4 *84>6 864 183}^ 184 11834 1844 2196 384 81M 82 eeM 66^ •60^ •8M »*« 61>< 7H eeji •80 80H •73H 78H 47 12X 47 18Jg •70H 89 7m S9i^ 198% 9ajt •188 84 1S8 84 •654 664 604 em 64 74 93M 869i 8094 21 i46}4 75 47 74 124 129« 714 724 29H 82 03 93 1*38" 188' "44" 'Ve' 9394 07 304 76 100 16 38 9094 2496 1044 41 *84 1844 154 "ii" "43% "444 06 9894 964 964 51 514 6I94 '4 1*94 51% 51% 91% 92 •35 131 15 91% 93 03 •35 41 137% •133 •36 184 15% 164 8% 9 15>4 •84 9 373^ 63 08 41 1374 159* 9 3796 374 3796 36 98!^ 1004 09 1014 10041014 58 54 64 534 544 63 85 854 •84% 864 84 84 185 1864 186^ 185^ 184% 185 2H6 ai9g 814 22>^ 83 229i '654 664 68 66 6S3^ (it\4. •6O4 6I4 604 614 6O4 6I4 7 7 64 74 7 7 0394 06 04 94% 954 9596 3796 81 31 83 73 •724 75 •46 5 184 1S>6 724 72% 304 31 95 96 nii" 188' 83 32 22 72% 72% 7896 46 48 46 48 48 14% 13 73 134 784 304 31 33 96 95 196 82 96 183 187 123 123 1396 731^ 741^ OUTSIDE SECURITIES B'kC.&New5s'39.J&J ar.Bt.4New lst58'06A&O G'p't A Lorlmer St. 1st 6s. Kings Co. Blevated.— 1st 48 1049 Nassau Bleo pref 6sl944 A&O Ist4sl948 J&J NewWmb'g4Fllstex.4%i telnwaylst6sl988. ..J&J Bid .. ... 100 ICO 115 104 108 t iimiim 103 117 83% 75 Do 109 80 112 106 «116 08 107 117 Columbus (0)8tRy I polorado Coal & V>'olorado Fuel Preferred Highest, 254Jan 44 Nov 904N0V 7%De« 09«Mar 2v! 4 394 J "ne 384May 66 Jan Oct 18 J'ne 9 8%Dec 14%Feb 64 May 764Jan 284 Dec 44%Jan 694Jan 184Aug 4096Aug Jan Jan 17 36 73%AuK 984Jan 106 Jan 27 May 444N0V 10 May 1440ot 40%Jan 5896NOV 124 Dec 2S96Mar 144 Mar 22 «09*Mar 22 17%Mai-83 135%Jan 3 Jan 86 Feb Jan 29 Apr Jan 46 Deo 1 684Jan 24 38 Jan 73 Apr 2 139 Jan 31 118 Jan 141 Feb 38%J'ne 5l4Deo 10 f>b Mar 22 664Dec 84 4 Jan 2 774FeD 7 11 794 Dec 242 pref. HI 90 Jan 30 Jan 17 Jan 8 59 31 24%Jan 4 246 §142 Mar 6 18,12.1 334 Jan 10 337 724Jan 5 1,846 11 Mar 7 3,103 52MJan 11 1,090 341Vlar Mar 354Jan 22 735 3,8.'i0 8%Jan e4Dec May 254Apr 7% Dec 13 Aug 2 2 7 li4Keb 19 574Mar88 45 32><JVlar 3 214Dec 184May 534FeD 7 45 2'.i Jan 64 Dec 204.1an 32%Sep 21 Nov Aug 59 Dec Feb 20 1108 Jan §119 Feb Feb 7 1096 Dec SI'**"" Feb 6 51 Dec 68%8ep 3596Feb 7 30 Deo 46 Nov 2 §117 .....< 2 1 2 2 6 86 32 79 Jau 89 Jan 15 18 66 H44Jan 23 334Jan 22 160 Marie 4H9iMar 17 784Feb 164 Feb 30 133 31 954Mar 8 Mar 2 Mar 18 27%Jan 29 28B 107 91 17J 80 4 Jan 71,830 944Jan 33 1364Feb 7,766 88 Jan 1,700 140 Jan 4,395 894M»r 300 196Feb 23,335 404Jan 330 121 Jan 3,480 15 Jan 12 12 2 6 2 19 26 8 524Mar §1604Aa 4148ep Oct J'ne Dec 7294 Deo 3 6 5 60 Feb 794Jan 97%Oot 884Jan 85 Sep 1696NOV 894J'ne Deo 37%Jan 874Jan 30 Dec 59 Apr 774Deo 944Apr 24 May 48%Nov 70 May 8694Sep 32 Dec 78 Mar 444J'n6 6% Dec 24 Dec 2 3l4Jan 2 4d%Feb 6 92>«Mar23 504Feb 6 Mar Mar 1 86 Feb e 454Jan 15 599iFeb 15 193 3,755 Dev't Iron .... Jan 124Jan 15 pref. I. 2 79«Jau 2194J«n 61 84 Dec 10694Mar ll44Deo 182 Mar 115 Jan 10 110 Jan 123 Mar §984 Jan 13 i94 Dec 105 Apr Feb 1 1374Jan 4 95 Deo 6294Apr Dec 994 Feb limFeb 14 1 7 84 Deo 2294Apr 140 Fes 15 121 Dec 150 Mar 49%'Vltr 13 314Dec 70 Apr 151 Feb 2 180 Dec 160 Mar 1696Jan 25 94May 3096Aug 3 Mar 23 l%Jan «5^^P'494Mar 22 304Feb 64 Sep! ISlHJan 17 88 Jan 130 Deo] 18%Jan 31 64Feb smSep 36961 eb 84 20 74 7 Feb 16 30 8 3 163 J'ne 2334Mar 10,034 1744Mar 8 199 Jan ConsoU(!itted Qaa (N. T.).. 30 Deo 65%Apr 36,170 2896Mar 9 38 Jan 3 Continental Tobacco 3 71 Dei 10 3% Aug 1,356 8Si94Mar 7 S'iMia.n Do pref. 63 Jan 101 Aug 94 Feb 26 9 491 Feb 27 Detroit City Gas 9894Jan 1304Oct 101 Jan 3 18<'96Feb 23 Brie Telegraph &Teleph. 3994Dec 76 Apr 11 5 Feb 6 514 40,713 Jan 604 Uiederal Steel 794 4794 67 Dec 934Apr 5,306 7094 Jan 10 774 Feb 6 76% 754 JC Do pref. 8,a99 120 Jan 10 13l4Mar23 95%Jan 132 Nov 139 18m Qeneral Hleotrio 2 584Feb 5 87 Dec 769(Mar §52% 62^^ Glucose Sugar Refining. . 1,750 47 Jan 98 99 96 Dto no Jan 60 98 Jan 2 10196Feb 1 Do pref. 97 Jan 1174J'ly 1112 112 560 110 Mar 9 11 54 Jan 11 H.B.ClafllnCo 684Jan 17 Dec 3,660 144Mar 6 254Jan 3 204 214 1 ntematlonal Paper 634I»ec 95 Jan 654 66% i Do 8,495 58 Mar 6 704Feb 6 ..rer. 36 Feb 9 Dec 6 3i0 64 Mar 22 10%Jan 26 §6 luternaciontti btlver. 80 Deo 6 3% Feb 30 Jan 2 40 Feb 13 JiuickerDocker Ice (Chic.) 84 Feb 68 Feb 70 Nov 8 66 Feb Do pref. 5 51 Mar 85 Doe 170 70 1,115 73 Feo 7 80 Jan 1 aolede Gas (St. Louis) 024May -L* Do 100 96 Jan 11 100 Jan 4 964J'ly I39 pref. Apr •18 15 400 5 Jan 6 4 Jan 30 14%Mar 21 Manhattan Beach Co 31 Dec 62 Jan 86 \ratlonal Biscuit 36 833 35 Jan 9 404Feb 7 074Jan • 89 Dec 90 i^ Do 894Mar2i 96 Feb 7 330 pref. 28%Dec l40%Jan 24% 2496 National Lead 3,877 2i Feb 2- 284Feb 5 •103 1044 100 lOSHMar 6 1064Feb 20 1034Dec 15 Jan Do pref. 2 J'ly 1 84Jan 34Jan 10 34Jan 10 Nat. Linseed OU, tr. oertfs 9 Oct 4%Mar National Starch 43 Apr 70 Oct Do 1st pref. ..... 13 Mar 26 Oct Do Sd pref. 43% "44" National Steel ............ 31941>ec 63 Apr 84,760 40 Jan 26 534Feb 6 85 May 9996Aug 9396 9594 Do 8,710 92 Jan 22 97 Feb 6 pref. 5294Mar 16 National Tube Co 5194 62 4,537 93 16 Mar 19 Do 3,670 91%Mar 9194 9194 pref. 42 Jan •30 36 Oct 41 New Cent. Coal (new stock) 1135% 1354 N.Y. Air Brake 2,360 120 Feb 27 138 Jan 2 110 Deo 830 J'ly 6%Jan 1796NOV 4 15% 154 North American Co 4,405 1396Jan 23 154 Jan 6 Mar. 10y«Apr 9 Feb 2 794Jan 4 Ontario Silver 86S 9 86 Deo 55 Jan H) 474Jan 2 85% 364 T)aoifioMaU 4,640 859sFeb 904Dec 129% Apr 90 1C0% eop'l'saa8-L.&C.(Chlo.) 65,739 92 Mar 9 10996Feb 6 4494J'ne 61 Aug 63 Pressed Steel Car 53 1,080 48 Mar 6 5894 J an 17 75 Dec 91 Sep Do 84% 85 pref. 1,190 84 Mar 22 884 Jan 17 §183% 185 Pullman Company 1,385 183 Mar 8 189%Jan 19 156 Jan 30794Oot 164Dec 33%8ep ~p 15 274Feb Jan 6 epublio Iron & Steel.. 4,872 1996 2196 23 60%Dec 79 Aug 65% 6594 XV Do pref. 1,263 6494 Jan 18 7094Feb 6 594Jan 16 6096Mar 8 68961>ec 66 Apr 60% 614 CllTer Bullion Certlfs. . . 6%6ep , i^^?*'' 4%Mar 6 lOMJan 3 7 7% Standard Rope A Twine. 900 36 Jan 126 Sep 05 rpenn. Goal Iron * RB . . 94 86,176 7994Jan 11 104 Feb 2 Jan 160 Aug §160 Feb 2 111 -L Do Jan 5 §155 pref. "756 204Mar 18 25 Feb 7 174Dec 46 Mar •30 22 TTnion Bag & Paper 650 72%Mar 22 7794 Feb 2 71 Dec 89 Mar I Do 78% 73% pref. 60 Jan 2v:7 §45 Maria §49 Jan 22 {46 Dec §474 48 United States Bxpress.... 594J'ne 40%Nov 3 38,444 1096Mar 2 19 Jan 1894 14^ United States Leather. . . 84%Nov 77 e44Dec Feb 28 Jan 3 70 Do pref. 3,916 7394 739< 37%Dec 57 Apr 2 38% United SUtes Bnbber 88 2,67e 254Mar 14 44 Jan 999iDeo 131 J'ly 05 05 Do 635 90 Feb 27 10494Jan 3 pref. 2 181 J'ly 4205 Oct §183 Jan 3 185 Jan ii|/agner faiaoe Car.... »» eUs, FargoiCo •183 188 4123 Feb 37 §1294Feb 2 120 Dec 1854Se 5,120' 80%Feb 271 884Jan 3 82 Dec e84Ja 834 834 Western Union Telegraph . 84 X , ^ Bid. OTHKR CITIBH. Bridgep Tr-lst 5s 23.J&J {106 Buffalo Street Ry— Stock. 100 Ist consol 5s 1931. F&A §116 ..M&N §110 Deb 6gl932 Chicago City RR— Stock.. 275 34 Indianapolis Street Ry.... 100 Cleveland City Ry Cleve Clty-lst 6s '09.1^ 106 8994 Cleveland Electric Ry M&8 104 Con 5s 1913 835 108 lo;4Mar 3 I6 3 1 1 t Bx 100 p. a. stack dlv. (Given at foot of 7 oonsboutivb pa^qhs).— 81 REBT Street Rallvraya. Ask. Jan 4,087 S,48i 1,390 4,860 8,090 1,630 45,176 1.095 10441071^ American Sugar Beflntng. 287,161 84 834 844 x83 84 844 83% 84 * Bid ud Mked prices; no sales on this day. t Less than 100 shares, .Street Railway. Ooney Island Ik Brooklyn. 1st 6s 1903 J&J Ss oertfs indbtl903. J&J pref. & Do pref. Col. & Hook. Coal k Iron. , 93H 74 Do 18% 134 Amerloan Linseed 574 571^ Do 4894 45 494 ;4496 4596 •120 125 1185% 1264 125 185 18% 174 17% 184 13 174 17 181% 188 186 184% 187 181 184 32 3196 31 32% 3396 834 33% 85 86 84% 84% 84 8494 85 •110H113 614 31 151 3 4794 2 45H 51 19 94 1% 8 125 744 51^ 200 xl-merloan Car & Foundry X)runsw. Dook&C.Imp't. •14 8 56 2 47%Feb 2,450 pref. 654 654 Do pref. 33% 34 Amerloan Cotton OU Do pref. 9% 11 . . ,8896 8394 Do pref. 1064 10796 American Tobacco Do pref. 454 45% Anaconda Copper. ........ 147 149^i Drooklyn Dnlon Gas 150 U%Jan 454Mar W 994 2 18696187 198 148 94 9% 6 10 600 64 Mar 25 136 Jan 351,350 4496Jan I Tnlon Paclflo Ry 33,480 yj Do 7396Mar ...pref. 100 64Mar 1« \\J Abasb 6,720 1994Jan 10 Do pVei: 11,570 94Jan 11 Wheeling & L. B., new 1,805 52 Jan 2 Istpref. Do 33,882 26 Jan 29 Do 8d pref. 8,170 Mar 17 164 Wlioon. Central, new American Teleg. & Cable. 3396 3396 American Tin Plate 464 47 4696 14994 14994 Feb 8 8 8 10 Jan 51%Jan pref. 174 1896 Lowest. 20 35 Amerloan District Tel .... 147 Amerloan Elxoress 46% 4794 American Ice .........<•, 94 8294 33 8296 83 10796 100 83 46 4694 38 • •60 70 •74 78 75 76H • 101 100 12 15 13 14 3596 3596 •354 36 899i 90H •&3H 84H 91 9 •IM 116 17 7 < . . rniscellan'R Stocks. 17 2Z 13 Mr23 S296Vlar 23 9 pref. Do Range for previous year (1899) Jan 31 11 704Mur 5 City Rapid Transit. Do 60 •86 31 4% 5 3194 4094 9194 91 81 1494 145 Ohio Central. 934 150 444 47 77 §77 106961094 107H 10894 §1354 135^,^ §137 187 4594 674 314 334 n^ 17^ 57 116 116 it n 75,070 37,561 19,780 a08,57i 54 Amerloan Malting Do pref. 3496 2496 §344 2496 40 41 404 404 40% Amer. Smelting & Refining 93 92% Do 914 pref. 9194 92 354 34% 3496 American Steel Hoop 84^ 354 84 81 81 80 80 81 80 Do pref. 64% 664 65% 56% 65% 65% Amer. Steel* Wire (new) 91 dS^ 904 904 1914 914 Do pref. 5 §93 3894 544 55 78% 31 1894 5794 PaolfloOo tr. otfs.. pref., TOt. tr. otfi Do Twin •93% 76 Toledo 65% 54 116 3394 36 45 Jan 24 68 Jan 25 32%Jan 94Jaa 234Jan ***86 50%Jan 100 Mar 184,515 354Jan pref. Highest. 9 1,119 8,865 4,500 33,440 , 2094 3096 1796 47% Do for year 1900. 434Jan 27 60 Mar 8 80 Jan 16 93 Mar 22 6 Jan 23 64Jan 4 43 iMHf e 49%Jan 2 15 Feb 20 16% Feb 5 700 144 aonthera, voting 5996 •20 •40 102^10494 104 1074 1054 1074 10694 10894 •108 113 108^ 1084 illO 110 §100 1104 45 185 •73M 74% 839< 409s 14 x59% 76 •694 •93« 84% 24% 40 40% 91% 9m 34 354 814 88 64 56% 904 904 177 178« 179 177^ 178 29>^ 29H 39« 3C96 304 iHH 84^ 83H 83M 834 •185 58 •98 65 164 164 65 654 34 96 31 •80 •40 7 2094 116 116 39% 4094 Do Sonthem 671 2. Lowest, 1,000 17% 17% '^PexasA Paclflo 174 103 10!}^ I htrd Avenue (N.Y.)... 1054 108 404 494 169< 139i 6796 6 34X a4« 84^ 24H 39>i 89^ 91^ 91% 85 86» 2994 17 61% 654 23 17 1096 10% 644 66 116 34 •94 81 144 30% 49% 164 •ibo" ibi" 11014 1014 6096 1796 13 8t.Loali Sonthweatem. . 3296 pref. Do 64 St. Panl & Dnlnth •50 1394 35 46 70 18 364 Range 900 600 100 C Page On basisof loo-sh're lots ..... pref. t. J. * Q. lil. TOt.tr. ots. lit prof. Do 3d pref. Do St. L. St 8. Fr., TOt. tr. ctf s iBt pref. Do 3d pref. Do 70 36 80% 3094 5996 17 7 7 *116 31 6 30 "em'ssji 754 75% 20>4 49>6 95 •86 87 64H 644 764 •696 •94 8(5 94 35 20 lie 85 40% 30 40 46 75 ie« 16« 66 65H 134^ 34H 16« 17 04M 05M 194 17 io?i 104 109< 54H *b2^ 544 87« 38H 284 88% *16 17 164 17 •48 i(i« 8e9i 101% 1014 112 90 80 40 \0H, 154 49 49 104 15% 10% 404 ii^ \l^ 5894 599* 59 139 1139 'edji 6094 514 •6H 45 •16 1094 11)4 11^ fi 64 100 101 134 1896 5896 1696 35 45 7 •42 15 114 li« im 6% 45 16 69% 704 88M 394 88$i 75H 64 •6 414 18 i9>i •534 60 aio Grande Weiteni 91 924 Do 60 93 •50 18« 68% 16« 86H 74>ft om •6 104 •104 io« •69 70 704 35 344 34% ^100 88 684 Saies of the Week. Shares STOCKS. Y. STOCK EXCH. N. . Bid. Ask. Street Railways. Ry— Con 5b.— Se« P taila. Ust. 110 Crossfwn— Ist 5s §107 Ask. Col St , 117% Kansas City BI 6s Bonds 4s 106% 00 108% 844 854 84 86 111 88 Htreet Railways. — Stock. North Chicago Ist 58 1906-16 St North Jersey Bonds — . . &g. Bid. Ask. 832 286 J&J 104% Stock. 28" 26 88 80 ProT It Pawt'ck-lst5s '33 }118« 114% 18 16 toohebter Ry A&O §107 108 ConSs 1930 Loulsv St Ry— 5 p o bonds 1118 118% 90 87 J&D 3d 5s 1933 Common 74 744 974 90 Preferred lis 1134 k> aide Kl (Chic)— Stock. Syracuse Rap.Tr., 68, 1946 I 9494 07 Lynn&Bos-lst Ss '34.J&D {118% 114 86 anion Trao (Chlo) Com. Mlnueap St Ry-5s '19.JAJ J '76% 77% Preierred 25 New Orleans City By 354 •« Inter aoorne'l pavs 102 i Buyer Preferred 08 Lake St (Chic)Blev-Stook deb 68 1938 J&J 88 101 1108 RAILWAYS, 9 86 87 I JS J . THE CHRONICLE-BOND 672 ** BONDS N.Y.8TOCK EXCHANGE > Priet Friday, ?-8 S'.S Week't Range or PEIOES Page (5 pages) Range BONDS. since N. Y. STOCK EXCHANGE S2 " . 1. Week Price 21 LXX. [Vol. Range Range or Friday, is sine* Jan. 1. Jan. 1. 4SC Mar. 23. Last Sale, Last Sale. .St Mar. 23. Wbbk Ending Mar. 23. -§« Bid. Ask Low. High. Ao. Low. High Week Ending Mab. 23. Bid. Ask. Low. High. No. Low. High Chic Milwaukee & St Paul— Alabama Cent. See Sou Ky. M A St P— Ist 7b $ g R D.'02 167 187 167 Jan.'00 labamaMld l8ti2iig.l»28 M-N J 169k 102H Feb '00 let 78 * gold RD.... 1902 Albany ASttsq. S««D&H. J 168^ l8tC4M7B 1903 J -J 169k Jan.'OO Alleijheny VaL See Penn Co. 166k 167U 167k Chic Mil & St P con 7s.l905 J-J 1681^ 170 169 Mar'OO Am Dock* I. SwCenofNJ. 16!)k 1C9 3 112HlUkTerminal gold 6b 94!^ 114 1995 Q-Jt 10 90 1914 J-J Ann ArtorlstK 4s 93^ 9iy, 94;^ 114k 94H 10 102 Gen gold 109 4s series A. 1 989 J-JS '111% AtchT&SFegeng48..1995 A-«» 102 Sale 10l!4 102 54S 98^ ll\9i III9S,. lUJi 99 99 Registered 1995 A-O 1 989 Q-J5 ReRlstered 99 Feb '00 106kFeb'98 Gen gold 8454 3^8 series Adjustment g 48 1995 Novt 84 8274 987 B. 1 989 Sale 78H J-JS 84H Registered 1995 Novt 1989 J-JI Registered 795iDec'99 Chlc&LSu Dlv g 58.. 1921 J-J 11?« 1171(6 Jan.'00 11796 117» Equip trser Ag 58. ...1902 J -J Chic Mo & Rlv Dlv 58 1 926 J-J 120Ji 117 Deo'99 Chic & St Loul8t68..1916 M-S Chic & Pac Dlv 68 1910 J-J 119k 1201^ 119W Mar'OO Atlanta & Char. See Sou Ry 118%110Ji. Chic & P 118 laiVi 121 1st g 5s. .1921 J-J 121 Bale 120% Atlan & Danv See South Ry Dak AGtSogSs 1916 J -J 114Jg 11496 Feb' 00 107 105J6 Mar'OO Atl Knox & No 1st g 58 l94e J-D 108 110k 11*H 105Ji 105J6 Far & Sou assu g 6b. .1924 J-J Atlan & Tad. See South Ry 137k J'ly '99 i'87% 187% IstHast&D 127% Dlv 7b.. .1910 J-J 1269^189 Jan.'00 Austin &NW. See. SoPac. 58 1:0% llOii 1910 J-J U09^.... UOk Jan.'OO Creek & S. See M Ich Cen Bat 168 ie7k l8tI&DExten78 J 1908 J-J 1691^ .... alt & O prior 1 g 31^8.1925 95 96% 335 92M 85% 107k Feb '00 96H Sale 11796 117« l8tLaCrosse& D 58. .1919 J-J 117J^ ... 11796 Feb '00 J 1925 Registered Mineral Point Dlv 5B..1910 J-J Ulk ... UlkFeb'OO 1948iA-0+ 101'^ Bale lOlJi 102 464 9':^ 102 Gold 4s iBt 11796180 So Minn !A-Ot Dlv 116% 1948 68.... 1910 118% Registered J-J 119%12lk Ist Southwest Dlv 6S..1909 J-J 117%..., 182 87 South wDlvlstgSJ^s. 1925)J - J 89^ Bale S8« 90k 120k Sep.'9W 117 18C<i Wis A Minn Dlvg 5s.. 1921 J-J J 1925 Registered 11996 11996 "87" "8954 118 Mil & No 1st M L 6s... 1910 J-D 119 118 Jan.'00 lit PJun&MD V lstg3}i8l9U6>M-N 37 87 '00 182 188 Ist 122 Q-Ft consol 6s Feb 1913 J-D 128 Registered 140% 144 Chic&N 'west— Con 7s.. 1915 142 141 142 >••••« •••••! Monon HIt Istgug 5s.l0ie V-A 109 111 Gold 7s 111 111 1902 Cen Ohio Rl8t eg 4^8 1980IM-S 11056 lii" J'ne'99 . . . W . . . Hiking sm W Va & P l8t g 58 A-O 1990 I Beech Creek. See N Y <J &H & Car. See Illinois Cent.. See M K & T Bw»y&7thAT. S««Met8Ry Bel Bklyn &, Montauk. See L IbI Brans & West .if 8>.vF&W T & Erie. BuffR&Pgen g See Brie. 1937 5s M-S *112 Debenture 68 1947 J-J Cl&Mah l8tgug58...1943 J -J Boch & Pitts letg es. .1921 F-A •124 Consol l8t6 1922 J-D nZoii 139 Bnff ft Southwest. See Erie Bnff&Susq Ist gold 58.. 1913 O Beglstered O 1913 Bur C R & N l8t 58 1906 -D 109 Con 1st & col trg 58.... 1934 A-O tl6>i Registered 1934 A-O CRIF&NWl8tg58.1921 A-O H & St L Istgug 7s.... 1927 J-D Canada South 1 st 5s. 1 908 J -J 107 8d5s 1918 M-S •106«107 Registered 1918 M-S 111 111 108 129 Apr '97 J'ne'99 124J< Feb '00 100 NoT'99 108 108 117^^ Mar'OO Carb & Shawn. See 111 Cen. Car Cent. See Seab & Roan. Carthage & Ad. SeeNYC&H. 1101.^ Feb '99 105 Jan.'99 107 107 106 107}^ Mar'OO Jan '97 CRIaF&N. SeeBCR&N. 86 8Sii Jan.'00 & O. CenRR & B of Gar-Col g 5s'37 M-N Centof GaRy— lstg58.1945 F-At Registered 1 945 Consol gold 5i 1 945 Registered 1 945 iBt pref income g 6s .1945 ad pref Income g 58. ..1945 8d pref income g 58... 1945 . M&NDlTlstgSs 88 *118 91 ISO M M 91 Bale Oct.* Oct.* Oct.* 36 Sale 11 78.1902 General gold 58. Registered Convertible deb 6s W 5s See 8o &SaT Pac Co Istg7s...l936 Ches &, Ohio— G68 ser A ,.1908 A-Ot 1911 A-01 IstcongSs 1939 M-N Re* Istered 1939 M-N Gen gold 4}<i8 1992 M- S Registered 1 992 M- 8 Cralg Valley Ist g 58..1940J -J R&ADlY lstcong4Bl989 J-J 2dcong4g 1989 J -J Warm SprVallatg 6s 1941 M-8 BllzLex& BSgug 58.1902 M-S Cbio & Alton sink fd 68..1908 M-N Lou&MoRlT Ist 78.. 1900 F-A ad 7s. 1900 M-N Miss RlvB 1st Bfg 6S..1912 A-O Con 18 39 Dec '99 91 120 88M 91 J'ly'98 Feb '00 124 121 110 UO 52 117^125 33 116 123 114 Feb'OC lis 100 ICO 98 108 Feb "00 97^ 117 97 Bale 1903J- 14 97H 1031^ Jan.'OU 15 97% Ang'99 96H May'98 103H Sale 103H 99 J'ne'99 1039< 0ct.'99 114 Ch AWe8tIlstsfg68..1919 'loek Dlv g 3Hb Registered Iowa Dlv sink fd Ss U Hetraska Eiten 4s. ... 1 949 J - J 1949J-J . . . 111% . , .1927 M-N »111M Refunding g 58 , ISO 1937M-N 114k EeglBtered 1937M-N Ohio A, Ind C Ry 1st 6s 1986 J-J Chleago &, Brie. See Brie. Ch In A Lo ul8— Refg 68. 1 947 J - J 1947 J- 06% 95" CIStLAC. SmCCCASIL. 116k 119K Cln S A C. See C C C A St h. iia 32 101 6 iiBkiiek 103 15 lUH 119 116 Mar'OO 187 114 Feb 116 '00 114»» 106k 108« 111% 4a. 1 15 120k 108k 119 "l4* 118% 136 14 118 lOSk Nov'9S 107 Feb'Oo 107 115 IDS 115 Feb '00 Mar'OO lUk On'd TrAHleo(Prov)-St'k Waat Chicago Oon 193U oi MAN Woroeater (Maas)Tr-Com Preferred 77 00 08 100 100 108 82 111 110 106 107 86 104 NEW FORK. Cant Union Gas— 1st 5a ao4 106 Oon Gaa (NY)— Btook-N YBtk Ex oh 98 109^ 110 180 180^ 186 ^« ••••« ia;d96 • • • 10* 100 118 Hi 10 131 136 188 188 i87" i'iiii, 08% 07 2 181 i'lS" 130 108 108 Ang'09 Oct.'97 Jan.'00 96 97 J'ne'99 113% 118% oek 41 '00 '00 99 May'99 88 NoT'OO 04 e«M 03 95)^ 101% 108 1169i U69^11D9i 138 180 J'ly '99 183 188 108% Feb W Income 4a...., Lor A Wh con lat 1033 109 Clev A Marietta. 8e* Pa RR. 127k Clev A Mahon Yal g 8b. 1938 Beglatered lUk 1938 119 Clev A Pitta. B** Penn Co. 119 Col Mldl'd— latg 3-3-4a. 1947 1047 latg 48 1S8 Col A Son 1st ( 4b .1020 1149< OolAOthAv. 8m Met St Ry. Clolnm A Greenv. See So Ry. 107 Val. See Hock Val. Col A Feb '00 88 106 108 180 188 180 809i , 84% 08 SOU 88 148 02 92 Sale 309i Sale ..1990 8a. '09 102 129 . H Ool Conn A Term. Sm Conn A Pas Rlvs 1st g 116 103 111 NAW 4a. '43 DakAGtSo. SMCMAStP. »nR« A Waoo. See 7 ooifSECUTiVB Ask. lie 118 800 129 8S4 78k Sale 799i Sale 83k Sale 2S^ eo 814 68 84 88 78% 71% 80 134 68 A-O M KAT. pages).— S'^aS^ SECURITIES, Bid. Gaa Seeurltiea. Standard Gas preferred 145 lat SB 1930 MAM ills BROOKLYN. 61 Brooklyn Un Gaa— N T St 1st con 5s— N Y Stock 97k Exob WUUamsbarg Gas— 1st List. Gaa Ask. lis" 6s Bid. . Gas L A Heat—Com.. oak B zch. Bxoh. 1st Si noo lat Bay Bute Gaa— » ^^ 104k Boston UnitedGaa Bonda- -Bosto 110 1 Ik nT.la 6 8 70 78 1938 Ota 198% 80 JAJ {108 niolid Ga8(NJ)— Stok 5s 19»o JAJ CjnaolGaa (PltU) Ask 81% 88 Preferred.,, OTHER CITIES. Baltimore Ckmsolldat—S« eBalt, LIB) BnlTalo City Gaa— Stock. 1st 6s Bonds Secarttl«a. dkc. 3hlcago Gas— S«« W V 8to ok Bx Inolnnatl Ghs A Coke. 198 }ol 80k 96 180 , JDueJune. HDue Jan. SDueMay. oOptlonsales. 6Due Aug. cDue April. dDueOot. (Given at poot of Gaa Securltlea. Bid. Hqnlt Gas 116 Con. 5s 1032 MAS {118 Mutual Gas 885 N. Amsterdam Gas, Com. 88 Pref SO Ist consol 5s J 97 NT Elec Lt Ett A Pow—N. Y.Stk. Gold 5»-See N. Y. Btk. Bxoh. N Y A East River Gas— 1st Ss 1944 JAJ 1108 Consol Ss 1945 JAJ losk Nor Un 1st 6s 1937. .MAN 94 Standard Gaa — CoTninon. 110 131« 1934 C&S lat M C C C A I7B.1901 lat pf 8b.. .1038 O Ind A Peo A Baat lat oon 4i. 1040 105% 105% 110 1159^ 1914 . 183}^ 181 78 108k 107%, Oct.'99 J'ue'OO Jan.'00 103k 113% 188k 6a .1984 130 4 5 187 Beglatered CI 108 *113* ...1014 ConBoiaf 7a Gen oonaol gold 116k n6k 10«k Mar'OO 111% 111% 118 100 Ask. 80 80 Bid. 107 104% Ang'99 *103 1936 1936 Is CCOAloonsol7a 101k lOOk 108 106^ OUTSIDE SECURITIES D— 117 110 110 120 188 Oot.'90 95k Feb 102k Feb ;;;;; 104 Regiatered Cln 8 & CI oon latg 88.1038 ii0ku?9i 81 I009i l*<9i 127k 97 Sale Registered 1990 Spr A Col Dlv Ist g 4s. 1940 Val Dlv Ist g 48.1040 C I St L A C cons da. .1920 104k ia7k iiik 188% 04k 99% Clearfield A Mah. SeeBRAP. 96k esk ClAkACeqA2dg6B...1930 C C C A St LrGeng4B 1993 101 103k Cairo Dlv 1st gold 4s. 1939 99 99 OlDWAMDivlBtg4s.l901 1905 182% 108 120 105 A-O J-J M-N 112k • Street Rallwayn. Com. 116 100 ib'sk io3k^ 118 186 Mar'OO Mar'99 106 119 100 118 1932 2dgold4k8 1937 ClnDAIlBtgug58...1941 LonUvN A4Chlst68. 'lOJ-J 113k n* ua No price Friday; latest bid aadaskedthls week. tBonds due July. tDueNov. United Rys (St Preferred llOTi. Bep.'99 136k WW lllkJ'ne'»« loax lOa Jan. 00 . GenoonlstSs. '.'.'.','. 106 1927 M-N Bonthwestern Dlv 4b. 1921 MConvertible 58 1 903 M- S Debenture 5s 1913 M-N Han & St Jos oon 68... 1911 M-S 119 Oklo&Bni. iBtaf oar6B.ie07 J-D 114 Small 1907 J-D latoong6s 1934 A-O '135 Registered lotH I04}j$ Sale 1919 A- O iie" 1919A-0 107 106M 11896 1«1)4 Dec '99 98k May*99 041^ Coupons off: 1921 Choc Okla A G gen g 58.1919 J-Jd Istg Sale 96 83 135 140 140 183 100« Chic AWest Mich Ry 5s.l921 ?: 106% Feb '09 112 Sale • 100k 103 109 •ioiyi iba" 136 St L Dlv iBt col trg 4s 1990 lOlMApr'99 lOOM lOOJi lOOJi Sale A-O •102?^ 1»1 .Tan.'CO F -A 106 Ang'Ofl 1922 F-A 100% Sale 100% 100% DenTX>lT4s 107 118k 117 106k 107k 105% Feb '00 90 Ist 68.. 1930 St P A 8 City Ist g 6s. 1 919 Chic Ter Transfer g 4s. .1947 115i<116 118 119k 78 "9SU . 100^ 103 J'ne'99 "87* Nor Wisconsin ClnH ADconsf 78 117^.... 116 Feb '00 119^ Mar'OO iliii Sale 119 119% Sale 112 ChicStLANO. Se« 111 Cent. Chic St L A Pitts. See Pa Co. Chic St P M A O con 68. .1 930 Ch St P A Min iBt 68. .1 918 General gold 6s 100 107 106 S2H 36 WM 10k OH ChloAStL SceAtchTASFe <ii &Q— 78 , General gold 48 1988 J -J Registered 1988 J -J DesM AFtD I8t4s...l905 J-J Ist2k8 1905 J -J Extension 4b 1905 J -J KeokADesM Ist 6s. .1923 A-O Small 1923 A-O J'ne'iJ'9 112H Mar'99 Sinking fund 6s 1901 Chic 4 Iowa DlT 8s. ... 1 905 Illinois 137 91 120 J -J Gold 6s Chic Bur lOM »H 6H Mar'OO 120 1912M-N MOOH , Cent Pacific Charles W79i Oct.'99 S514 86 123^ Bale Sale 91 90H 96 102 96 110 M-N 110 1987 J -J 184 1987 Q-Jt 121 1908 M-N Am Dock & Imp Co 68.1921 J -J 114 Le & Hud R gen gu g 58.'20 J-J Leh & B C con as 78.1900 Q-MII N J-l8t conv Jan.'OO Jan.'00 F-At 1946J -J MldGa&AtlUlv5s...l947J -J Mobile Dlv 1 St g 58.... 1946 J -J Centof . . . 1902 .1886-1926 .1886-1926 , Cen Branch D P lBtg4s.l948 J-D See Bait . . . . . . Central Ohio. 48. Registered Boonev Bridge. Buff N 108k HI 108% 110 111 111 J-D 110J6 110 Feb '00 F-A 109 *108 107 Mar'OO F-A Gen Gold 3k8 1987 M-N 107k 110k 110% Registered 103 Nov'9» 1987 Q-N Slnkiug fund 68.1879-1929 A-O 118 180 8ep.'9fl 121 Registered ....1879-1929 A-O 118k 117 Mar'OO Sinking fund 5s..l879-1929 A-O 110 Feb '00 100 lllM Registered .... 1879-1929 A-O 106H Mar'99 25-yearde'jentare58..1909 M-N 109 109k Feb '00 Registered 105 Dec '99 1909 M-N aOyear debenture 58..1921 A-O 117 11896 Feb '00 Registered Feb '98 1921 A-O 1349^ 12i9i 1179i Sinking fund deb 5b. 1933 M-N 181 Mar'OO Registered 1933 M-N 119kDec'98 Des Mo & Minn let 7s. 1907 F-A Escan lOeu 109 & L Sup Ist 68.. 1901 J-J 103k Feb '00 Iowa Midland Ist 88. .. 1 900 A-O 103 Nov'99 115 117H Mil& Mad Ist 68 1905 M-S 117k Feb '99 North lUlnolB 1st 5s.. .1910 M-S 109 114 Aug'99 OttCF&StPl8t58..1909 M-S 109 110 110 Winona* StPet2d 78 1907 M-N 120 Jan.'00 105i< 107)^ MilL SAW 1st 1921 g68... 106>il09k M-N 13896140 13896 3896 Ext AImp Bfg 58... 1929 F-A 123% 184 124 Mich Dlv Ist gold 6s 1924 J-J 189 140 Deo'99 Ashland Dlv iBtg 6b 1925 M-S 140k Dec '99 Convertible deb 5b. .1907 F-A 105k Feb '97 Incomes 113 Nov'99 ,,,.1911 .M-N 87^ 88H Chic Rock Isl A Pac— 6b 1917 J-J 183 lS3k 188k Registered 1917 J-J •132 13291 181 131 Registered Extension 106 8IM 80 90 81 81 Bonda 8a 110 111 C jnanm Gaa (J City)— SU lOS lat 6a MAN {104 106 <And interest tPnoe per ah are. Pref A 3 Mar. THE CHRONICLE.-B0ND 24, 1900.] BONDS. N.Y. STOCK EXCHANGE Week Ending Mab. 23. A ••1 Laok 1915 191& BeRlitered 19'*!* ^923 BTTBln«4NTlit7i.l90e Dal 7i 2(1 .•••}g?° DlT7i. 1917 A H-tstPa l^H Betrlitvred lb i Sai litoon gn7il90H 1806 a««Utered Guar gold 61 190o mwiT* 8ar Ut7i EwUtered 1921 1921 Dal aiT Week's Range Range or since Mar, 23. Last Sale. 1930 litoongiHi ;-'}"22 ImproTement gold 5i.i9^o •ai M & Ft D. Se« R & I P- 98H 109^ 98« Sale nu3>ti i04>i SaaMAMlnn. SeiOhANW. »aa M Un Rr lit g 6i. .. 1917 M-N 109 SmLS&MSo. J-D J-D A-O lit Ueng 4i.l995 1085 aold 4i Dvl * Iron Range Iit5i.l937 1937 A-O 1810 J -J JIalBedW* Slit gSi. 1928 J -J 5i.l937 J -J •nl Bo Shore * At g Eaatof Minn. BteStPUAU. SM.SoRy. 107 104^ 1947 lit oonsol gold 7s .... 1 930 no & Brie lit g Si. RR lit gu gold . 148 112« .1919 1909 8d gold 6s...... 107 1931 gold 8d 4s 101« 104H Iowa Central lstgold6i.l938 Iowa Midland. Sm Cb AN W. Jefferiou UR. Su Brie. 109 109 76K 79 107 -J -J -J -J 85 78 H'f 119HJan.'00 10 137 187 143 Deo '98 "33 9<m 899i 93H May'WU 90H 89 389 Sale _ • • aaa 140 ••••• saaaai Feb '99 114 116« 118H Deo '99 189J<Feb'00 107 139 U D Co lit g 4Wil941 J -J J-J g 3-4i. 1 Ft W * Rio Gr Bar ASA. S«« 8 P Co. Gal '82 lit 5i.l913 A-O of al H&H «• A Ala Ry lit pf g 5i.l945 A-O 1945 J-JT lit ooniOl g 5i «• Oar * No lit gu g 6i.l929 J-J 71« 106 78 60 -••••a ••••< ••••«a sasa* •«aa» •••** 69 Its 106 104W.... 104 106 lOOH 89 ' 87 Xloasatonle. S«« NTNH&H. Book Tal lit oon g 4Hi.lt99 1999 Beglitered lit extg4g. 1948 Col J-J lOOM Sale 99M J-J 186 AHT 108 amst B A W T lit g 5i.l933 M- 103^ lOSH 104 P Oo. Boms A Tax Oan. 8m Bo 1951 J1951 J1961 J..1961 1st gold 8s starling. ...1951 JM- M 114H 114 .... 97H 108H 111 ••••ia aaaaea 3 13 71 60 Bid. Aik. h. liii. Bisez k Hudson Gas 86 Fort "Wayne (Ind)— Sto Jk 88 litei 1925 JAJ 68% Grand Rapids- Stook 103 1st 5s 1915 FAA ilOS Hartford (Ctl Gas L... 85 t 47 Hudson Co Gas 89 5sgl94e 101 Indiana NatA lU Gas— Stk 87 lit 6i 1908 MAN 68% IndlanapolU Gai— Stock. 96 1st 6s 1980 MAN 104 LoalBTllle 104 106 • ••• at**** 8ep.'99 106 106 Mar'OO 100^110% 120 ISIM 131^ 9* 90H 104 89M 88 59 10 59 HI 114M Mar'OO 7 181 89M 59 114 116 100 T.H 126M ibo"' ids'* •••••( aaaaa* B8« B9« 74% , 71« 343 89W Sale 180 20 88 118% 181% 108% 116 110% 110% ••as«i saaati 40 48 61 110 106 • < • • I 41 108 4C 61 100 •s** asta** ..••• ••• 105 108 74« 103 104 9i 118 " 1*16% as • • a»t*B« I 06 1080 J-D 100 96 Mar'OO 114 116 aaae^s .... .... .... .... .... IlttM I • • A-O J-J Msn aWOolonlsg6s..l934 J-D doK'pt A B T. SmP MoK at <atropoUtan Bl. Sm Man Ry. Met W B HU Se« "Unlisted." tfexOent oon gold 4s... 1911 J-J aaaaa* • a a Jan.'99 Jan.'09 100^ Apr'99 96 67% 67% 67« 7« ex 7 Feb '00 109H Mar'OO 130 116 109 103M 105 8 aa* 116 180 107% 96% 109>< 96% 99% N0T*97 113% Mar'OO 111% 118M Jan.'98 Oot.'99 ••aaaa saatta ••••• aaaaft 103 108 130 117 188% 188 129 117 Feb.'00 101 98 104 98 lOlH Mar'OO 100 101% May'99 Mar'OO (0 117 109% NoT'99 % U3% 186% Jan.'00 111% 118% 186% 186% Deo '99 Feb '00 107 1*1 aaat • • 2* 06 107 Jan.'00 107% 107% 109 Feb '00 109 103% 118 28 80% 16 29% 9S3 13 16 80% Sale Sale Bale 70 87 86% 100% Jan.'00 • • • iiflji 81 80% 89% 10 1149 t Bale 188% 106 IS *n6% i*i5% 79% 109 O0t.'98 103% 108 ll*J4 107 107% 80% 99 >•«( •••aaa 95% 87% 97 9? 15 ••••at asaatt 86 44 88% ••••a aa aaaa •••••a ••aaaa *••••• »••••» • • • lO4MJan.*90 104 104 98 Jan.'00 999) 106% 108% 16 999i 108 38% Istoonlnooma g8s...l039 J'lyl 14% 8doonlnoomeg3s....l93i; J'lyl A-O Bqulp A OOU g 6s ..>>ll 87 iax Intemat 1st con a 4s.'77 M- 8 1937 J-D 105 4ax Nat lit gold 6i • •dlno 6i ACp 8tmpd.l917 M-Sl IS >d Income gold 6i B..1917 An.i *«i North Iitgold6s..l910 J-D 106 1910 J-D Registered aattt ai8at< 70 6 ...-•a aaaaas 99% Sale 83 '**9 108% Feb '00 108 99^ • 16 15 89H 99K 99H 99M Beglitered 113H 113% 10«% 104% 97% 99 '86"'86*' aaatt* 100 107 'Vs** •••• •aaat MahonOoal. SmLSAMS. anhattan Ry oon4i.l990 A- O 1990 MatropolBl lit gOi... 1908 !!!; '9'fl'* Nov'99 Feb '00 197H ' 183 120 1 Mar'OO 101 86 PansaooU dW Blnkfd(BAA)g 6s. ...1910 PensAAtllstgng6s.l981 1981 BtLdlTlstg«s. 88% lOOM 104 10 78** ••IM t»«»»« 97« Feb '00 101 A-O F-A 112% M-8 193 ••a»«< >••• 1980 M-8 3dg8 89 89 SAN Aoongug5s.... 1986 F-A i'o*'?' 99M 98M 97 Kentuoky Cent g 4s ... 1987 J-J LANAMAMlitg 4MS.1945 M-8 107 •107 ..1987 F-A NFlaASlitgugSi L AJaffBgaOo gug4s.l945 M-S LNAAO. SmCIAL. 108 104 108MApr.'9U " • 123 98 99 99 103 •lis Ill 102 189 .....1980 J -J 116 gold Os. 1880 M-S 108 Sd gold 9s 00 103 100 Mar'OO 105 ••• 108% 108 101HSep.'99 183 94 94 M-N 1946 J-J Onlfledgis .....1940 J-J Raglstared ....1931 M-N Ooll trust g 5s Col tr 6-30 g 4s ....1903-18 A-O 1907 M-S Br 7s Ceoal B H A Nash Istg es...l919 J-D LOtnALexg 4MS....1931 M-N 1900 J-J Mash A Deo 1st 7s NO AM Istg er .....1080 J-J 183M 70 66 ANashTille- Qeneral gold 6s a lOOM 104 •aaaa* .ttaa< ••aaaa •••••• Gh)ld 5s.......*..tfl....l937 104 103 30 106 Deo '9» Feb '00 105 OUTSIDE SECURITIES ua«— 8m m r Bxo 136 125 llOH Mar'OO LaAMoRlT. SMOhlAAlt. B A Bt L Oon on g 5i Tr oarts 134X185M L Oenaral 1843 M-8 gold 4i 108 109 100 104Ji "li" A.vt'99 106% Feb.'00 106% 106% Sm N Y Cent, N J. SseErie. H L 8 A W. Sm Chlo A N W 411 A Mad. See Chlo A N W 90% mi A North. Sm Ch MA St P ^<n A St P. Sm Ch M A St P 41oh Cent. 183 90 these are latest bid and asked this week, Securlilcit. Dec '99 Feb '00 •••• • * • a a f M a«t»«* ••ta*i aaa%«« aaaaaa 104H Mar'OO .*%**% aaaats aaa*aa oaaaa* »*aa«a aia • as 1951 1952 A1952 A-O Baglstarad LNOATaxgold 4s.. 1963 M-N 103H 1953 M-N tsaaa* Batlst4)r«d Cairo Bridge gold 4s. .1950 J -D ;aa«a RegUtered 1950 J-D liOaliTlUe DlT g S^i .19S3 J-J •103 Registered 1953 J-J Middle DlT reg 5i 1981 F-A 1951 J-J • 91 Bt LouliDlT g3i Reglitered 1951 J-J Datroit 106 104 113i< Mar'OO •114H..., 106 ... OoUTrustgold 4s Oa» 98 98 93 XfaoAStJ. 84..0B&Q ; 135 136 108 at • aaaa t««B«t • Feb '9M N0T'9b . ; V^ 107H 110 99M Jan.'00 %%*y •orgla AUa VQk ftrand Rap & Ind. Bu Pa Co. Oray'i Pt Term See 8t L SW pilce Friday M-M J-D ••as 131 »o i 118 106M Aug'99 aaaasi aaaas< aataai 121)^ 1988 Ganeral gold 4s Ferry lit gold 4>i(s.... 1932 M-& ,.1933 J-I> Gold 4s 1949 M-8 Dnlfled g 4i Debenture gold 6s. .... 1984 J-U 1911 MMon 1st Os. Bklyn A g 1911 M-8 lit 5i H T A R B 1st g 6s.. ..1937 M-8 N T B A B oong 5s.. 1935 A-O Nor Bhblsteon ggu6B..'83 y-O iieii iao' Mar'98 70 69 Paolflo. St* So Ry. Nor. Se* So Pao Co. No M-N M-a 20 111 iVa" i 12 ji • A N lit g Iitpf6s.l914 A-O 1914 A Gold guar 6s.. LehAHudR. SMCenorNJ.. Leh A Wllkasb. Sm Cent NJ Leroy A Oaney Vau Sm Mo P. Lex At A PF. Sm Met BtRy. • a a a • • 4-di.l921 J-D BtW*DC— litg 928 lit Baglstarad •••••a tttta* •• 112^ Bl C •saaaa aaaaas tart St Baglstarad... 99^ 108 10 103 lOlJi Oot.'99 95 Deo '99 Sm Brie. 139k Long Dook. Long Island— .1981 y-js 1S2H Istoong 6s..... lOlH ...1931 Istoong 4i 189 m" 1st land gr est gold 5i.l930 J -J 1943 J -J Oouiol gold 5i Bt 8 A V a Bge. See StLtSP. • 117 106 F-A ...... 66 65 N0T'e7 1981 J-J 129MBale 135M 135^ T*THlito>n6s loan lltganeral gold 5s.... 1948 A-O 10 9^ Sale 108M 1988 A-O <*-ts ••«••• •••••I aaaaaa Mt Tamon fit 6i A-O 100 Istg6s..l930 aaaaas CioBr'oli •••a«a Bull 108 BrMndlstoongng 0i..l98e J-J 103M Feb '00 ranro&So. Se«0hM&8tP. ..., 183^ ISSVi 1711nt * Pera M g 0s....l930 A-O •123 105 Mar'OO Jr 1st aonsol gold 6s.. ..1989 M-N 10»«..., Istg5s.l989 A-O 106 105 DIt 105H... Pt Huron ria Oan A Pen lit g 5i. .1918 J-J •••*•• osaaas 101 lfar*99 Registered 1st gold 8Hi lOiM I02M 102 1941 2d gold 5i Co. ist gold 4s Ask. Low. High. No. Low. High Kansas Mid. SMStLASt Eentuoky Cent. Sm L A N. Keok A Des M. SmO R I A P. KnoxrUle A Ohio. Bt* So Ry. Iitg5i.l937 Lake'BrleA 114 1. * Bioan * li Bap. Sm O&NW. BmrakaSprlngi lit g 6S.1988 IUinols Central- Jan, . . . llSHFeb'OO 116MNov'»9 106H Apr'99 J-D 136 J-J 108 J-J .1982 M-N U6H 5i.l909 A-Ol Pa Last Sale. J-J 119 .... 131H Mar'OO J-J 116K11«« 116 Mar'OO North Ohio lit gu 6i. 1945 A-O 111 113M llO^Feb'OO L S A M S. Sm N T Cent. 104 Ang'98 Leh Yal (Pa) ooUg6i..l997 M-N 117 118 1 997 M-N Registered 5b 119H119H MaV'bo lla« 116H LehYNT lit gag4Ms.. 1940 J-J 108>ti 109M i09J< 108H NoT'9» 1940 J-J Registered Leh VTerBr Istgag5sl841 A-O il6H"i*.i" 116 Feb.'OO 1941 A-O attttt aaaat> 109« Oot.'9V Registered 187 143 L y Goal Oo 1st gu g 6s.. 1083 J-J •aaaas aaaaa* 103K NOT'99 ...1988 J -J "90" 88 90% Registered.... 9IH Vs' Feb '99 Leh A N T 1st gu g 4s. ..1945 M-8 Registered .....1045 M-8 •aaa** aaaa* ii' . s. Mar. 23. Week's W M-N J-J 118 M-N lOPM 110 109 Oot.'98 M-N i'a'o A-O Sale ii9ii 937 J-J 110 Sale 110 110 NTS* W— lit rer Si. 11937 F-A 98 Feb '00 Mg01d4^ 92M 1940 F-A 94 OaneralgOi 94M 94M 111 Mar'OO Tarmlnal lit g Si. ... 1943 M-N '109H Ragli 96,000 each 1943 M-N Wllk&Baslstgn g5il942 J-D 105 105^ idiji Mar'OO Pitt Rangt nne€ Bid. KalAAGR. /8MLSAM8. an A Mloh. Sm Tol A O C. K C A MRAB Iitgag6i.l939 A-O E C PAG trot* lit g 5i... A-O Kan C A Pao. Sm M E A T 26 107H1115J 117«Feb'00 ••• •aaaa* OoalARR lito ga6i.l922 Dook & Imp lit oar 6i. 191 N Y & Qreen L ga g 5i. 1 946 1946 Small MldRRofNJ litgas..ieiO & 109M 110 iim \\\% , 7 107 113^ Mar'OO 110J<, iMOg Dook oon gold 9i. 1 935 A-O Brie Int A Great Nor— lit gold 6s 109^ 1029i 77 96^ 99^ 93M Feb.'9fl Range or '-.2 J-D lie" 98 1932 M-8 Carb A B Istg 4s Ohio St LAN Og 6s.. 1951 J-D J-D 1951 Reglitered 1961 J-D Qotd 3Wi .1951 J-D Registered Mem Ulylitg4s.. .1961 J-D tsaaas .1951 J-D •••aaa Registered BtL8oa litgng4s. .1931 M-S •««iaa Ind Deo A W Istg 6s.. .1935 J -J 104 "•at .1985 J-J Ist guar g 6g Ind 111 A la 1st refg 5s .1948 A-O •109 110 116 109H Mar'OO BnffN T*BTlelit7i.l916 gold 6i....l908 Buff* 8 1908 8maU faff 148 Mar'OO 79 80 M-N 117 131 M-S 119J^ M-8 116 .... A-O 123^ J-D loavt M-8. 13S M-8 litooniolgold fd7i..l920 litoon g 4i pr bdi.1996 J 1990 J Beglitered lsteongenllang4i....l99A J 1996 J Baglitered Ohio 133 Fob '00 Price Friday, ^'2 Dlv. (Con) 513 2. BeUeTACarlit6s....l938 !05 122 aaaa* 109M L Page . .....1919 Bdaztgold Si 1923 •daztgold 4Ui 1920 ithextgold 5i., 1928 Stbeztgold 4s W 189 isa" \ii" 98% 104H (5 pages) 1951 J-J 1951 J-J Reglitered Spring DIv lit gSHs. 1951 J -J 1951 J-J ReKlBtered Weitern Line litg 4i.l961 F-A 1951 F-A RegUtered 107V4107H 189 St. . . Gold B%* 148 136 Jan.'OO llOH 1C» •••• M-N Igln Jol4 K l8tg5B...1941 3. S«« C * O. Us Lex & BNo. SeeLeh&NT. Im Cort & rtelit9Xtg4i "00 107 B««Utarad tdOi MtTVaAOa. Feb 141 107^ Mar'OO 1031^ litoong4i BatMATol. Dat h Maok 12«H Cen Ill 139 Jan.'OO 140 Ooi.'9!> J -J •136 140^ 136 Jan.'OO 123 Sep.'BM •••••• !»••. F105 Mar'OO m-N 105 123 Feb '00 A-O \iiH 108 Aub'mS A-O 103 148 Feb.'OO M-8 145 143 May'97 M-8 A-O 131 120H Apr'99 123 J'ne'99 A-O 115 116 A-O U5« 118 Deo '99 A-O 149"' 164 Sep.'99 M-N 141 May'98 M-N See Pa RR. lit gold 7i. .1900 1. J'ue'8U i3e>^ RH Bge. Dan * BUr Jan. PRICES BONDS. N.Y. STOCK EXCHANGE Week Ending Mab. 23. Ask. Low. High. No. Low. High M-N A-O 107h! J-D J-D IITLaok*WHtfll..l«ai Oonitraotlon 5i Term & Impt 4t Price Friday, Bid. 183 Weitern 7i..l907 litoon guar 7i Warren . t Bonds due August. (Givbn at foot of Gaa Seeurltles. 100 Kansas City Gai A&O Ss 1933 Bid. 98 Laclede Gas— N T Stock Bxoh. 40 Lafayette (Ind) Gai— Stk MAN 60 lit6i 1934 40 Loganspt A Wab Val— Stk JAD 68« lBt6i 1935 74 Stck Madison (Wli) Gai— AAO ;io5 Istes 1936 135 Newark Gas 68 1914 Newark Consol Gas ..1 00 60 1101 JAD 5s 1948 106% New Bug Gas tfldof AC—SmBo stonL 7 t Apill. 1 Dae January, t Duo October. S Gas Uhlo 100 45 66 46 61 80 110 140 80 108% Secnritles. A Indiana— Stock. Bid. . 87 Ask. 45 ei JAD 68% lit 6s 1936 People* Gas A Coke— N Y Stoci Bxcb Philadelphia Co— Sm Bob ton L 1st. 38 85 St Joseph (Mo) 96 JAJ i 94 5i 1937 50 63 St Paul Gas— Stook 84 Consol 6i 1944.... MAS i 80 14 IS 3yraoai« Gas— Stock JAJ 89% 91 Iit5il946 90 94 Western Gas Mil w) ( 6i— Sm NT St Bx UsU Due July, a OptlonaL & TELEPH.j Jc oohseoutiye vA.QEa).^GAS, TEL. Aik. Ut. Due Bid. Aik. Teleph. Teleph. A-nerlcan Dlst Tele— NY Btook xah 108 105 BeU Teleph. of Buffalo. Teleg. «fe I'elev. at. . Ceatrai A South Amer.. .. net A Poto Teleph—Stk JAJ 6i 1909-39.. ommerdal Cable ?, ommer Union Tel (NY). B B F -iplre A Bay State Teleg anklln le Tel. A Telep— Sm (And UOierast. B 107 69 104 168 114 76 109 66 106 170 116 t ••>» tokBx List 48 60 tPrloe par ib are. . i BONDS. N.Y. BTOCK EXCHANGE Wbbk Ending Mae. 23. frice Range Last Sale. Jan. Friday, .si; Mar. 23. J-D * 151 150 Mar'OO Iowa ex l»t gold 7i... 1909 J-D 183« 181 J'ly'9tf South West ex lit g 7i.'10 J-D 127 Jan.'99 PaoUloex lit gold 6i. 1931 A-O 138 Deo '98 lit com gold 5t l9.Si M-N 113 113M Mar'OO lit and rerund. is .... 1 94 9 M-S 9S Sale 98 97>i |It»*8tLRu. SmBOR&N M « P l8t 68 Bt 48 Int ga..'3e J-J •••••• •••••t 8t . .1927 JfBBM&Al8tg4Blntgn.-26 J -J ll8tP&88Moong4ilntgu'38 J-J MlnnUn. S«« St P M & M. Trnttg 58 1917 M-81 1917 M-8t BegiBtered litoollgoldSB BegiBtered 1930 V A L iBt g 68 '26 PaoRof Mo lBtexg4g.'38 Tieror & O 96^ P-A F-A J-J F-A J-J 192(; Sd extended gold 6s 1938 8t Louis & Iron Mount— . 90% . Small 64 99 • •••• .•••f ••»•• ••••• *••••• •••••• • Hob & Ohio new gold 68.. '37 J-D i87« lit extenBion gold 68.1927 Q-Jt S«neral gold 4b 1938 M-S Montgom Dly iBt g 68 ,1947 F-A '.WW. 130 mn lOm Sale -.1 i27« 188 85 iss-Jii Mar'OO 86J^ 10691 108M 5 107 NMhOhat&StLlBt78.'13 J-J 126 3d6i W ReglBtered otfb General gold Mont Oent. Sm St P M & M. Morgan's La &T. S««SPOo. Morria&BBBex. S««DetL&W J-J A-O l8t6iT&Pb J-J l8t6iMcMMWAA1.1917 J-J 138 101 1901 iBtoongold 58 1928 1917 107 Mar'OO lis 129 126 8ep.'99 10e« 111 lit gold 68 Jasper Boh. 1923 J -J MMh Flor & Shef. ateh&N 107^ 1*04% 1*07% Deo '99 •••••• ••••• • I ••« ••••« •••••• •••••t Deo '99 113 MawH&D. S«eNYNH&H M J Juno RR. Sm N T Oent. T Bkln & Man Bh. 8e$ L I. N TOent& HR I8t7s..l903 J-J no BegiBtered 1908 J-J 110 . . . . DebtoerUextg ii....i905 Beglstered Lake Shore looS g 3^8. 1998 J-J J-J '109H M-S M-8 M-S J-D J-D M-N M-N io59i:;;:: 105^ 103V6 108H 96H 97 •••ti ••••• •••••• ••••• Small bonds series B. .'40 J -J Sony A Oswe Ist gu g 5b.'42 J-D Moh & Mai Istgu g 48. 1991 M-8 N J June R ga iBt 48 1986 F-A '104 BegiBtered i986 F-A . A-O Nor* Mont IstgugSs.'ie A-O iBt 48 ga. 3361 J -J 118% Sale 2361 J-J 113i4 Sale Lake Shore con lat78 1 90 J-J 102^ .... BegiBtered 1900 Q-JI 100 Consol8d78 1903 J-D 113« Registered 1903 J-D nsji Gold 3^8 1997 J-D BegiBtered 1997 J-D Oln4SlBtgL8AM87i'01 A-O 08 190v •• 1931 193] BegiBtered 4t Registered 1199i... J-J M-K M-N NY Ohlc • •• A.-i)\*lO-i% 1937 A-«jl ..... • • • • • ••••< I 10691 1*07' 103 103 • • • • 2» 110 38 110 114% 113% 100% 101% 100% 102% '"5 114 1129« 114 1 Sale 67 Sale «•• •• • 105" J'ly '99 12791 13791 Apr '99 107 Ang'98 108% 108% Jan.'Oo' ••• ••• i'off BeriOBA. BerteB 18791 iavHi ••••t ••••• •••t ttltt •••••I ••••• 108% 104% 108% 108^103% 189 133 133 117%Aug'«8 96% 9791 287 95% J'ne'99 •t«aa( ••.* 90% 9791 ••••• ••••tt •••••• ttttt* ••••t •••••• Feb'9'i 100% 95 J'ly '99 •ttttt •••••t •••••• ••t^«( May'99 Mar'OO MarOO 108 Sale 108 108% 106 Feb '00 118 180 110 111% Oot.'99 ••••• •••••« Feb '00 95 00 90 77 nso Noy'98 119% Oct'99 no4 1*03% M'a*''o6 ::::: •••••• ••••» •••••• ••••• •••••t ••••• •11694 *1169< *•••• lie •1089< ••••tt •••••! ••••tt attt* •tttt atta* •tttt ••••• •••••t ••••• •••ttt ••••• a 4 3 ••• 116 113% 116 • • • 1 185 136 184 aat 137 13« 184 •••••• tttttt tttt ttt ttf •••ttt tttttt • • • tt tttttt • • • t • ttttt * •«•• ••••tt •••••! • • •••• •• aai tt •••••• •••t«t •••••• •tttt« Mar'OO Feb '00 M»y'97 ••• t • ••»••< < ••• • ttttti t 114 '00 Feb*''o'6 ••• • tt • • Deo '99 [ 108 109 Mar'OO 108 11S9< •••••• •ttttt t a t • • ' 107 NoV''»7 • ••• • a • 116% wii'/ii Feb 100 99 88 '00 Jan.'00 13091 Mar'OO A-O . 96 187 Deo '99 107% Oot.'98 131 Noy'98 90 115% 1943 •• 88 1309i 13091 ••« t ttttt* ••tttt ••tttt • t • •• • tttttt • • a •• • •ttttt • a a ta • tttttt •••••! ta^^«i •••••• ••••• J'ne'99 ttl ttt !••••• •••••• 115% 18 118% 116% • 1916 100 ••tttt tttttt •••ttt tttttt Noy'97 • ••••• •aat«« •••••• MoK A Yo— iBtgu 6s.'32 1984 MoKeeAB Y Ist g 6b. 1918 a tt tttttt ttl ttttt* • t Jan.'00 Sdguar 68 • t i 8791 Jan.'00 MtUAWOBt l8tg4B...1917 JPM A Cooertls mtsY A Ashlst oon 581927. 100% Feb '00 100% Mar'OO ••••• ••••• 86 Bale 1997 i* BegiBtered 1997 ttniBelaer A Bar. See D A H. Ueh A Dan. See South Ry. ^9% . 85 Sale 87 i^K i'ooM 99% 100% ••••• aaaatt i i Gr West Ist g 4b. 1939 Utah Cent Istgu g 4g.]917 . . • • • • • - f^tts ftlo «••••• ttttt• ttt tattti • ••• ttttti •••••• ••tttt Jan.'OO nttBdnAStli. SeePennCo. P C A St L. See Pens Co. . . a»*at. tt***. •*••.« Noy'98 '** aa* a • a 108% 117^ 117% Feb 113 107 8d g 5b tr reo iBt pd..l936 Poo AKaBt. See A St L 4b. • • • • --•••• 109 109% Apr '97 IransDly lstg6strreo.'30 tading Co gen g attttt 11691 Feb '00 10691 UNJBBAOan gen 48.1944 ^CDsaooiaAAt. fiMLANash DeoAB lBtg68tr reo.'20 J> 111% lli% 111% lUg 1059<Apr'99 "•o nttoPAFlBt gSB lOS '00 117% Feb ••••ta *••••• 100 GrRAIexl8tgug4%8.194l 01 A Mar iBt gu g 4%8.1936 tl R BBA Bge Istgu 48 g.'36 AUegh Val gen gu g 4b. 1 94 3 8nn ALewlslstg 4s.. 1936 W 100 103 •Ill •119 •100 BorieBD 4s guar Series E guar 8%s .,1949 Pitts Ft WAOlBt 7b. 1912 8d7B 1913 1912 „ 8d78 P «nB RR 1 St real es g 4b. 1 933 Oon sterling g 6b 1905 Con ourrenoy 68 reg...l905 Cong 58 1919 BegiBtered 1919 Cong 4b 1948 flttB 104% 1S8% 11 114% Mar'OO 111% Jan.'00 •••••• Itttt* 1940 1942 1942 1945 Cguar iBtoonBOlgold 58 1019^10891 189 183 Jan-'CO 108 95 77 i'ittBShALBlBtg5B,.1940 101% 108% 129 133 79 118 P C O A St L oonga g 4%B— . • Noy'99 lOT ff ••(II attttt •••••• BerieBO 1940 i^* CBdgegengug 4%s.'45 PltU Oin A St L iBt 78.1900 BegiBtered 1900 Oley ATol iBtgeB.. 1923 nttB Ft A Oh. Se« Penn Co. 108% 109% nttB Juno 1st g 6s 1922 108% 103>4 Pitts A L Brie— 3d g 5b 1938 Feb.'98 128 • • ISl ••••• •••tt| lOS 138 95 130 90 . •••••• •tttt J'ly '99 111% Mar'OO 'i 130 114" I'lT 104% 105% 138 108% 105% 106% Mar'OO 103 106% 287 65 66% 67 67% 66 8ep.'99 181% 181% 131% 181% 86 120 118% 113% C«oAPekUnlBtg6B...193l 08 !09% 110% ldg4% Feb., 1921 110% 110% rlne Creek reg guar 6b. 1933 10291 MarOO 102>4 Mar'OO 113 •• • ••••• ••••( 113% Feb '00 110% 110% 110% 108% Deo'fi7 130 Feb '00 Deo '99 107 • - Jan.'00 JaD.'98 •••t»« •••••! ••••' St • • • '••••• ••••• '•••tt •»••< 118% 114 112% 113% 101% Feb '00 102% 108% 114 110 •••••• •••••• > • 127 ' 97% 90% 97% 108 • • • • • 106 108 *2 2 43 36 Feb '00 Feb '00 J -J . 106% 104 1910 SerleBBgnar •••••• S M-N J-J 99 J'ly '98 107 102 122 129 123 F-AJ 103% • I94f A StLlBtg 48.193, ReglstTed 95 • • • 97 103% Feb '00 Batc>l8tgug38.'86 N Y & Harlem Ist 7i 1900 J-D M-N 103% BegiBtered 1900 M-N 103% NT & North latgSB..1937 A-O 135 iOgoon lBteit5B.'82 A-O* 1379f Sale A ••••t • "l'9 96 •• • •••tt • 103% 104 lOlH Noy'98 ioi' 104 SeriOBB. 1942 ^ rleAPittgug3%BB.1940 •• • • 101 »7« 1940 Blk Rly ga R 48 • • • • • • Deo '99 >-m BW 08we&R2d gug6B..191l5 B WA O T R lstgng68.18 Utloa •• 1 12391 Noy'99 1CP96 Mar'OO 109 108 118 M-S M-8 ••• lOyi^ Mar'OO 106 J'ne'98 • BegiBtered MahonC'lRRl8t5s.l93^ Mloh Centrist con 781902 IstoonSB ....:i90. 98 • ••••#• ••#••* •«•••• ••••«• KA&OR lBtgo6B.193& J-J • 103^ »7H 97H 95« 96 DetMon & TollBt 781906 F-A • • " Gengag4%88or'BA.1942 •••• •••••• • 1937 1901 6b. l8tg48 1921 BegiBtered 1931 Otd8%80oltraBtreg.l937 C StL A PlBtoong 68.1982 Register^ 1932 OleyAPlttBOons f 78.1900 107% 1069i 185 •• ' 100% Mar'OO 1933 SfBUbBldyg6B PennsylyaLlaOo— Guar iBt g 4%B 1099i 10291 Aug'99 Sale »6J« Bltum Ooal Oorp lit8nntgug4sBerA.'40 J -J West Shore Bale tttt •••••! •106 8m Mo Pao 10291 108 109U 18691 188 186 ••••t •••«. Panama LstBfg 4%8....1917 110% 11C% 109 110 40 108 1065ii 105?* Mar'OO Sep.'97 103jjj'ne'99 10494 Feb.'99 103^ 97% Ulearfleld SrTAPntlBtoongug48.'93 lOfS^g 102% 102% -i-OiH F-A BegiBtered 1998 F-A Mich Cent ooU g 8^8.. 1998 F-A BegiBtered 1998 F-A BMOh Ork l8t ga g if. 1936 J-J BegiBtered 1936 J-J Sdgugold 58 1936 J-J BegiBtered 1936 J-J 0«rt A Ad lat go g 4i. 1981 J-D ool Sale 97% I OOFAStP. S«»CANW Ooa8tOo—l8tg58. 1946 J-D Pao Mof MlBBOori. !tr iio« i:ok llOM Mar'OO 109H lOSi?^ 113^ Apr'99 188 Obwmo a Rome. Sm N Y C MO&NBIprlorlleng6i.l916 A-O I 1997 BegiBtored i997 Debenture 580f .1884-1904 BegiBtered . . 1884-1 904 Beg deb 5b of . 1889-1904 Dabentoie g4i.. 1890-1006 BegiBtered 1890-1905 . Ore A Oal. See 80 Pao Oo. Ore Ry A Nay See Un Pao Ore RR A Nay See Un Pao Ore Short Line See Un Pao Kaw&OlnBdge. 8««PennOo ASMl 138 133 1 23 Rlyer Ist g 68. ...1938 1934 . N A By Istoong 4|.1996 ReglBtered 1996 „8mall 199H 00 AT Is gug58....1922 Om AStL Feb '00 Deo '99 Seeianl. Wash Cent l8tg48.. .1948 Nor Pao Ter Oo Ist g 68.1938 Nor Ry Oal. Bee Po. Pao. NorWlB. SMOStPMAO. 187% Nor A South Ist g 58 1941 ra-N nil 123 Nor A Mont. S««N.Y,Cent. 87 OlndAW. SwOOOAStL. hlo RlyerRR iBt g 5b1936 10891 106 16 134 133 8 83 1. iSMLonglBl. '••••• ••••«t <••••• ••••< '••••t ••••• B&o AIonongahelaKir. Set SmNYOAH. Imprymt A ext g 68. WQH llOM ••••! ••••• •••tf ••f*« Cot. '97 113 Sale NW W llOM Feb.'00 104% 188 186 138 114'" Ja!n.''bo •1149< New 90" *94" 69 "Vim •••• StP»NPgeng6B...1923 • J-J J-J J-J 8tL&Cairogug 48. .1931 J Mohawk & Mai. StiNYO&U 116 Jan. •••••i t*«ti SeoSoPaoCo. ^.^J^^^^ Norf A West— Gen g 6s. 193 26 114%117)< • • 186 no9«i i'csii i'05' n4H 2 ....: •••••• NYANHl8t78..:;::i905 NY ABB. NY8AW. 93 96 77 949i sine* Last Sale. Ask. Low. High. No. Lovo. Htgk *i86 Solo VAN BlBtgng4B.1989 North Illinois. S«eChl A 10St< lORli North Ohio. See L Brie A 113 Mar'OO \12% 113 Northern Paolfio— Prior Uen r A 1 g g 4«. .1997 230 iXlH. 113H Registered 109M 113H 1997 llO^Feb'OO 110 110% General Hen gSa 3047 ReglBtered 8047 11 S^ Sale 1945 1945 Oonyert deb oerU 91,000 SmaU oertfs f 100 Honsatgnlo R oon g 68.193'7 N u A Derby oon6B...19iK i06H J'iy''99 106^ Jan.'OO lis Kew 4b. See"UrUl8t.BdB." Terd V I & w ist g 58. '26 M-8 MliBBlyEdge. Sm Ohio & Alt Mob&Blrm prior lleng68.'45 J-J 89 76 5 Sid. e9>4 90 Sangt 23. N Y A North. Sm N Y O A H 95% N Y O A W. Bef iBt g 481992 M-g;: 104 „ ^^«J« f 6,000 only... 1992 M-8« NYAPut. 65 7 Week's Range or NTNHAHartl8treg4B.'03 88« 93^ 31 I Oenoonry&.ldgrtg5i'3l Mortgage gold 48 50 316 96 Price 31 Lack AW. SmDLAW NYANH. SmNYNHAH 114 99 93 LXX. [Vol. Mar. 23. Lake. Bu Hrle I * ?,''««nw NYAHar. SeeNYOAHud. >••••• ««••« i«««** ••••tt ••tt«« •••••! 98H 95Ji yr'siae OenoonBtampgtdgSi'Sl Small 17 3. Friday, S ••••• •••••• •••••• •••••« •••tt* •••••• MoKan&Tex— l8tg4B.l990 J-D 9tH Sale 91« 9\U Sdgoldli 1990 F-Ali 66 Sale 65 66 lit exten gold 5i 1944 M-N 03 Sale 90 92 BooneTBdfeOogug 7b..'06 M-N 100« Nov'99 BalftWa iBtgag 58.1940 M-N 94 Dec'99 MKATof Tl8tglig58.'42 M-H 90 90 91 Slier 8h&Sou iBtgug58.'43 J-D 94 97 95Vtf Mar'OO KO &Pac lit g 4a 1990 F-A 76 Feb '00 ir*bc & Neoiho lit 78, 1903 J-D MoE&BlBtgag 5»..A9i'i A-O 104% 106 ios" ibs" MoPao— td7B 1906 M-N 114 114M 116 lltoong 68 1920 M-N 1179^ Sale 1171^ 117>i Week Ending Mar. Itil U2 Page (5 pages) N.Y. STOCK EXCHANGE 1. High, 143^ prices I BONDS. since Ask Low. High. No. Low. Bid. L— l*t K 7i Week's Range or 1 . , THE CHRONICLE -bond 674 Minn A . I "se" 555 Deo '99 100% 66% 171 - 88 86 ••••• tttttt 94% 100% 86% 85 ,,,^,^ ,,^^,^,^. ,^„^^_ ,,.eMayrT5^7^^^;r;i^3e are option sales. OuTam^'«ToT.rT.C^^ sju oiut gfcCURlTIES (Given at gooT of 7 oonsboutive pages).— r^z., ^LSC, FERRY die. I & ^1^^ Mr Tcnieph. nn»i__t„ T»leK. Gold A Stock Bonds Hudson River Telaphon'e Intematlon Ocean. ..i,,. Mexioau Telegraph Mexican Telephone— S«« New Bug Teiep— See Best Northwestern Telegraph. If TAN J • 1930 Telephone..,. MAK PaoifloA Atlant-lo Proyidenoe Telephone. Southern A Atlantic . -ni J Bid 118 90 117 116 815 Bosto on III! 122 170 A "" . Ask. 138 ... 118 835 nllst. 136 176 111 lis 70 75 9491 90 96 100 " " Telcg. «fc Telfiph. Bid. Ask. Teleg Ttleph & Cable..60 t 496 4% Wesi'n Union Teleg— N Y StOOK Bxon EleotrSc Compaulea. Allegheny Co Light Co.. 168 178 Brush Hilootrlo Co 44 46 Consol Bleotrio Storage. 8 Bddy Bleotrio Mfg C0..85 t 10 BdlBon Bl III Co Y Stock NY—N 13 14 Bzoh Bdlson Bl 111 Co Brk— N Y Stock Bzob BdlsoD Ore Milling Co... 8 18 Bleotro-Pneumatlo Trans H 1 Fort Wayne Bleo. Oo. .86 a a • • •••••• flertet A 86 BO • Ask Electric Companies. Bid. Ferry Cc o«. i^,. Bid. Ueueral Kleatrio 0> N Y Stock Klzon If err J CouipMuie*. Do pref.— See Boston L lit. Brooklyn Fprry-^fook 88 Hartford (Ctl Bleo Lt Co. 166 160 Bonds 6b— See Stock Ei list. Hartf'd(Ct) Lt&PowCo85 t 6 10 Metropolitan Ferry— 6t Mo Bdlsou Bleotrio 19 17 N J & N r Ferr?- Stock.. 108 Do preferred 53 5C. 1st 5i 1948 JA) ios* Narragan. (Prov)B10o.50 t 98 100 ^ Y A B R Ferry- Stock. 67 Rhode filand Klso ProCo. 118% Bonds 5b of 1933. MAN i 96 United Electric of N J 38 toboken—Stook 68% 48 929 7.S 76 '•t es nio United Elec Lt&P Co prof SetBal to list Con. OB 98 <1%4 1989— See Balto li St. lAna Interoet. tPrloe per Bb Wor'Tinookot K ?> K'l ,"0 OH inn — . • . . J I • • , Ask 84 110 . . evtt 107 68 98 60 111 98 •It I AA Mar. ' THE CHRONICLE -BOND 24, 1900.] Price Range Week's BONDS. ^« Friday, Range or N. Y. STOCK EXCHANGE Mar. !i3. Last Sale. Week Ending Mar. 23. Bid. Ask Low. High AloGrJuno IstRUg Si.l«39 J-D 108« ...... 106 NOT'HB 7S 71 Mar'OO J-J 1940 RIoGrSo IstgS-lR Booh * Pitts. Set B R A P. since Jan. 1. Low. High N^o. Vi" 'Vi .1»1S J -J 3-4S...1917 J -J tJO&GIlBtg 68. BONDS. STOCK EXCHANGE Week Ending Mar. 23. Small Series L ft Oal. 8m Mob <k Ohto. L ft Iron Mount. See M P. L E O & N. Set Wabash. KR A of StI. t L M Br. See TKranolgco— 8t Louis A Ban 190H M-N Sd gold es Class A Mnr'OO 84 84« H-4 It Bt at 114H 110 Not' 99 .... llS^Mar'OO . Illinois Cent. RLL BSo.W S«« 1st g 4s bd ofs .1989 Bd g 4s Ino bond otf s .1989 aray's Pt Ter let gu g 58'47 tPanl&Dnluth 113 123 100 . . . 89^ M-N Sale Ol^Sale J -.14 J-D n^H A-O * J-D 97 A-O 'lioii iViw Ist6s.l931 F- SdSi Istoog 4s 1917 1968 Bt Paul M k Man 8d 6s. 1009 1933 lit oonsol gold Si B«glstered 1938 B«daoedtogold4Ms 1938 BegUtered 1933 Dakota ext gold 6s. .. .1910 Mont Rxt 1 It gold 4i 1 9 37 B«glit«red 1937 . . SM litdlTlitg6i.,.1008 B«gUt«red 1908 Mordlr 1st g4i.. 1940 Registered 1940 Mlim Dnlon lit g 01. . 1932 Mont lit gn g 6i. . .1937 B«glit«red 1937 lit gnar gold 6i 1937 Beglitered 1937 . . WillftSFlltg 5I....1938 1938 B«glit«red J-J J-J J-J J-J M-N J-D J-D A-O A-O A-O A-O •141 .... 116« i'im 104 t • ib'ox »• ... J-J 138H 13S^ J-J J-J J-J 117« 120 J-J J-D J-D i'i8«::!:; i AAAP. BMSoPacOo. BVAMPlitif « W F ft g6i...l919 J -J lit oon g 6i. 1934 lltgSi 1934 St John's DlY 1st g 4g..l934 Bruns&W Istgug 48.1938 Beloto 7ai ft N B. M-8 8m Nor ft W BMbftRoa IstSs 1926 Car Cent Ist oon g 4s. 1949 Bher 8hr ft So. 8m M E ft T Bod Bar ft So Ist g 5s. 1924 Bo Car ft Ga. See Southern. Southern Paoiac CoGold 48 Cent Pao coL.1949 Re.lBtered 1949 CPaolst iefgUK4B.i949 Registered 1949 Mortguarg 3^8..., 1929 Regl8tered 1989 . . A-O A-O J-J J-J • Jan.'00 128 Deo'99 si" "84% laOHFeb'OO . 99 76 116 Dec 110 107 75 51 77 ' and asked 47 101 110 Feb.'OO Bid. Ask. 33d 8ts berry 85 91 lit mort 58 1919.. .JftD {105 110 Dnlon Ferry— Stock 84% 35% 1st 5t 1930 MftN « 97 09 ft Miscellaneous. Acker.Mer & Con Os 1903 9" Amalg. Copper— Sei Best on Lis xj 105% 105% 47 104% 108J< 105« Jan.'OO 107% al089i 48 98 98H 118%Not'98 . Preferred Bonds 6g. MftS 1 83% 96 J-J F-A 106 Aug'99 110 111 103 106WMar'99 101 Jan.'00 102% 102% 114« Feb '00 20 109 5 108% 109 183 121 183 121 2 119% 183 3 181% 122^ 40 118 119 ••• 101 Jan.'00 • Dec'99 105% "13 108 104% t Bonds due Aug. MIscellaneouB. Par. American Ginning Amer Graphophone. ... 10 Preferred Amer Hide ft Bid. t UK 10 t 1194 Leather... Press Assoo'n. .100 American Screw 83;< 11894 111 30 111 116 09 68 1U5 105 96 118 112 100 84% 00 78 84 18 "25 18 7 6 188% 110 103 100% 180 lul%106 105% 106 108% 108% Jan.'OO 104% 110 110 110 Feb '00 108% 101% 68 100% 104% 15 126% 180 128 1879i 131 Mar'99 May'97 108 lis 75% 116% 117 100 Mar'OO 9894 40 b2 13 117M 98% 108 83 108 108 93 Jan.'00 110 May'99 113 Mar'OO 73% 73H 37 279g 14 86 34% 88% 38% 664 36% 113 107 110% 116% 11394 NOT'Otf Oct.'99 102% 110 108 91% 08 110 Jan.'09 Jan.'00 116M 08M 77g 82» 80% 52 25 107 107 90% OOH 99% Feb '00 93>ftMar'08 91 91 9094 106% 100% 110 Jan.'99 116% 116 NoT'99 Mar'OO 104 93 104 93% 93 . 88 311 1 OS 103% 100% • • s ••«••# 104 07 101 93 17 Jan.'99 gu g 6s.l911 J -J LonliRyOo 1st con g 58.1930 J-J 109 Mar'98 Market StO Ry Istg 01.1913 J -J iCet St Ry gen tr g Ss. 1007 F-A *118% IISU 118% 11894 Bwayftvth At 1 ito g 61. 1 04 3 J-D •182 131% Mar'OO Reglitered 1043 J-JD OolftOthAr lit gn g6i.l093 M-8 Registered 1993 M-8 122 LexATftPFlitgng6i.'93 21 U7%ia«% 118% 1B1% 182 128 183 123' 138 iaa" IBS* 111% Mar'OO 113 126 ...... IBS "100" Oct.*' 99 109 Oct.'99 107 112 118 126 120 lis Ill 37 117% 186 100% Dec '99 Deo '97 90 OS. 9\H Oot.'98 117% 118 118 DetroltCltyOa8g6i..,.1938 Det Gai Cooon Iitg6i..l018 Bd Bl 111 Bkn. See K Co EL&P 05 lis 114 Due July, i Dae March. IT Due Am Soda Foun—Com. 100 100 100 Ask 1194 18M 38 81 36 90 MIscellaneona. Par. ijnertcan Surety 50 knier Strawboard....lOO Bonds 6s FftA Am Typefo'rs— Stock. 100 Amer, Woolen—Com.... Preferred Amer Wringer com... 100 48 9 87% Amer. Writing Preferred 97^ 5s 10% 47 18 Jan- eeeeee 97% i Dae Not. a These are option 810 30 81 50 116 Bm P 1394 li Preferred 50 Guar... 100 St. Bid. Aik 14 18 108% 106 109% 1st 6s... Oorh Tob.25 8196 8094 189« iuu 100 s Siiss 79 hlla. Bng Br Blackweil 10 34 81 ,. ft 54 « a • • 8m Car Preferred ^ond * MISGELU8, <& ft t 18 Company—Com..5C 137 4 Mort British Columbia Copper jarter-Crume Celluloid Co •••••• sales. Mlaoeilaneous. Par. Barney Bergn 108>4 81 809^ 107 Oct.'09 Mar'OO 111 .. Ask. Bid. Paper,... Arizona Lead Asphalt of Amer. 07% 06 96 99% NOT'OO A-O Registered i 95 Sale Bd Bl 111. See N YQ ft EL HftP 121 '87 A-O 188% Kings Co Bl LftFg6s Purchase mon es 1907 A-O •••••• 101 Bd Bl II Bkn-istcon g 4s.'3e J -J Istg 6b 1040 A-O •100% 105% Pref 25 95 Shipbuilding Preferred 2d preferred 78 250 Amer Ist preferred 111 . . lis 109 101 108 U«% 110% ' 113MAng'97 117?^ 114» . 108J4 Ang'99 101 116 110 Ang'9M 106% Mar'OO 80% 91 M-8 M-8 K-A 110 110 Ulnn St Ry Istoong 6s. 1919 J-J «t Paul Olty Cab. g 6s. 1937 J-J Guaranteed gold 5s... 1937 J-J Third At 1st gold 5s .... 1 937 J-J 106 111 nnBl(Ohlo) 1st g5s....l945 A-O W Chlo St 4 0-yr 1 St our 5s 28 M-N 40-year oon g 6s 1086 M-N GAS ft HLBCTRIO LIGHT BON AUanta G L Oo lit g 5i.l047 J -D Bos U Gas tr otf 8 s fg5s..'39 J-J 9994 101 Bklyn U Gai 1st con g 5s.. '45 M-N U5 116 ChGLftCCo. SMPGftCCo 101% 108% Gaa 1st g 6s 1032 J-J iUH 116i« Colnmbni 114 118% Oon Gas Co. SMPGftCCo. Feb '00 110 98m ICO 108 99 (Given at foot of 7 oousEotrTivB TA.QT&a).—FBRBV Amer 90%| 1st 100 91 90 Den Tram Cooon g 68.1910 J -3 MetRyCo 113% 99 "9*8 Regiitered <4U Bl Ry ft L 80-yr g 6s .1936 Amer Mutoscope ston List 40 50 60 t 47 13 14 40 43 104% llOH 4 NoT'9J' Mar'OO . Preferred t. 80 Not'99 this week, OUTSIDE SECURITIES 108 04 J-J BkQCo&Scongug58..'41 M-N Bklyn Un Kl Ist g 4-581950 F-A City ft S Ry Bait Istg 58 1922 J-D Oen Con Tr Co 1 St g 5s 1 933 A-U . . . 51% 112 lis 107% BkCltylstcon 58.1916. '41 '99 Dec '98 106MNot'97 IDS ^03H A-O A-O A-O *UOH 1st gold 68 1912 A-O •118H 1st oon guar g 5s.. 1937 M-N Stamped 1905-37 M-N 108 109 A ft N W 1st gn g 5S.1941 J-J 98^ Sale B P Ooast lit gu g 4s. 1 937 J-J BPaeof N Mez lit g6i.'ll J-J GUaVGftN Istgug 5s 1934 M-N *104« 106>< No of C&l 1st gu g 6s. .1907 J-J •106 ,.., Onaranteed gold 6i..l938 A-O Bonthem— lltaong5i 1994 J-J Ill Sale Registered 1994 J-J Mem DlT lstg4-4H-58l996 J-J 'iosii!!!!! Registered 1996 J-J Ala OenR Istg 6i 1918 J-J ib'g" !!!!! Atl ft Oh Air Line Inc. 1900 A-O Atlan ft Dan 1st g 58 1950 J-J lOlH Ool ft Greenr 1st 5-6s.l916 J -J 116 ..../ "103 TVaftaalit7i....l900 J-J Dtrlilonal g 5i 1930 J-J 119 Cio'^lst g5i 1956 M-N lis Sale K iva reor Hen g 4-5i.l938 M-8 109 Sale Registered 1938 M-8 Ga Pao Rylitgei... .1983 J-J 1225i Rnor ft Ohio lit g 6i .1935 J-J 121 Sale Blohft Danoong6i. .1915 J-J '122 aiquipslnkrundg 5S.1909 M-8 100 Deb 5s stamped 192 A-O 103 Bo Oar ft Ga Istg 5s.. 1919 M-N 105H Atl ft Tad Istg gu 48.1949 A-O '94 .... Oal Istg 6s.. 1905 iBtgold 68ser B..190S Ist gold 68 1906 NoT'99 JO J-J 90% STKEKT RAILWAT BON DS. 83« 86% Tr Bklyn Rap 5s 1 g 945 A-O 107 120>6 120% Atl At Bklyn imp g 5sl934 J -J 3» 86!^ 134 ft Wheeling ft L B lit g 6i. 1036 Wheel DlT lit gold 51.1038 Bxten ft Imp gold 5i. .1030 106% 106% WilkeiftBaat. SMNTBftW 21 100M1039i WU ft Slonx F. 8m St P M ft M "4 110 llOH Winona ft St P. SMOftNW Wis Cent 50-yr l8tgen4s..'49 118 ns Oct.'99 113 36 Pot latest bid W Ya Pltti. 8m B O. W VaCentftP litgOi.ieil ft llOU Feb '00 Amer Air Pow of N T.l 00 Amer Bank Note Co. .60 Amer Bicycle—Com 108 83M '73 II NoT'99 114% 115 60 Mar'OO Sale Sale S2% 108 12 107 83 88% J-Dt J-Dt J -J J'iie'99 Low. Biffh lllj^ NoT'99 111 Jan.'00 Sale Oaji 261 , 112% 99% 100 831^ Sale llOU Am Agrloul Chem— Se« 117 98% 1937 J-J 110 1912 A-O 110 Seng 86^ Sale 1931 A-O lIorgan'iLaftTlstg6s.'30 J -J lai *186 A-O lit7i 1918 NT T ft Mexgn lstg4s.'12 A-O * 70 Ore ft Oal 1st gtd g 5s. 1927 J-J 76% Sale B Aft A Pail 1st gng 4s. '43 J-J *110 TexftN0 1st7s 190S FSabine dlT 1st g 6s.. 1912 M-S •106 Oon g5s 1943 J -J 103^ Sale 40th M-N F-A J-J J-J J-J J -J A-O Sale 6s mt gtd 48 Intgtd 114% No 1, J-D "v'i" lltg5slnt gtd ; Ry Istgug 4%s.l943 ANY. See DLftW. FF- 101 price Friday Stetlsl 83 85 NoT'9« 110% since Jan. Syra Blng Sale 835i 173 no Feb.'99 Jan.'00 Banff* 2 ft W J-J , Ja'ii.''99 90 8S^ 104MF«b.'98 -J Oot.'99 110% 110% N Ala. 8m L ft N. Spok FallsftNor I8tg0s.l989 J-J 3nnb ft Lew— See Penn RR. 8 103 110 110 F-A J-J •117% J-Dt J-Dt J 10091 No West N C M-N M-N Des MolnDlT l8tg48.193g 90 StOhas Bridge 1st g 0i. 1 008 112 Warren RR. Sm Del L ft Wash Cent See Nor Pao Wash Oft W. 8m Southern WestNTftPa lit g 6s. 1937 J -J •lis aeng3-4i 1948 A-O 73% 74 Income 6i... .April, 1043 Not. 37% Sale 80 84% West No Car. 8m South Ry. West Shore. Sm N T Cent. 07% 100« J-J 106KFeb'00 • 1936 1936 1st ojrga 48.1924 Ist oon g 68.1914 Istg 5s DetftOhBzt.. 1941 110 8 W Dtah Central. Sm Rio G W Otah ft North. 8m Ore SL. atloaftBlaokR. 8m NT Cent Val Ind ft W. See Mo P. Ver IrglnlaMld. 8m South Ry. Wabash lstg6s 1939 8dgold 5i 1939 135% 136% Debenture lerlei A. ... 1 939 SerleiB 1939 112?^Oct.'99 186^ Sale BoPof Argn l8tg68.'09-10 '95' WOft High, 109" DnlNJRRftOOo. Sm Pa RR Apr '09 93 OaIHarft8Alitg6i.l91U K-A 109 Sdg7i 1905 J-D 108 Mezft Pao 1st g....6B'31 M-N 101 HoniftTOlitWftN7i.'03 J -J Oon g 84 05' Ask. Low. W 10e« NOT'99 •in« 79 Last Sate. . . 130 103 * 109% Mar. 23. Week's A 68.1906 M-8 1906 M-8 1911 M-8 1911 M-3 1916 M-8 ,,..1916 M-8 1921 M-8 1931 M-8 1926 M-S 1926 M-8 1931 M-S Gtd stamped. 113H 188 Range or 'per A of St L 1st g 4%s.'39 A-O 113%.,... L 1st oongold 68.1894-1944 F-A 113 ,,... St L M Bge Ter gn g 6s. 1 930 A-O UlJi Tex ft N O. See So Pao Co. 90 8891 140 86% 91 TexftP Ry B dlT Istg 6s. 1905 M-8 108 .... 63 487 58% 62 69Ji 1st gold 5s 2000 J- D 115 Sale 2d gold Ino. 6s, Deo. 3000 Moh. 130 Feb '99 Kng trust Co otfs.... llOM Dec'99 TolftOC Istg 5s 1935 J-J 118% Sale 98 0<4% 98« Feb '00 West'ndiT Istg 6s. ...1035 A-O 111 114 1199^181 130J< Mar'OO General gold 5s 99 Sale 1035 J-D 141 41 137 141% 140J.6 Kan ft M 1st gn g 4i. ..1990 A-O 90 137H Feb '99 Tol Peo ft litgold 83 "83% 41.1917 J-J 115« 25 il3Ji il5« 116?^ TStLftKO Iltg0itr.l916 J-D 110 106H Mar'9« 100 1S154 Mar'OO 119%l31i< Tor Ham ft Buff Istg 48. 1946 J-D* 103 103% 104^ Ulst«rftDel litog6s.l928 J-D 105 106% 108H n Pao— RR ft 1 gg 4s 1947 J-J 106 Sale 104 Jan.'9U Registered 1947 J-J 108 Deo '99 OreRyftNaT lit 1 f g 0iieO9 J-J 110 Ore BRftNar oon g 41.1046 J-D 104% Sale Ore ShortLlne lit g 011083 F-A 187% Utah ft Nor lit 7i 1008 J-J 13SK Jan.'98 Gold 5s 193a J-J 139% 1349^ 184Ji Feb '00 8h Ore L— 1st oon 5i.l946 115 g J-J 115 Apr'97 Non-oum Ino A Si... 1046 Sep.* 118 Deo '99 Non-ou Ino B ft ool trl946 Oct.* ftPANorPao. S««norPaa it P4kB'zOit7.5««08tPM*0 I F« Prw * Ph lit g 58.1942 Series F 68 Gen 6s nimi8% 1906 M-N lUH 113 Feb '00 1906 M-N A 0..1919 F1ft g es Pieroe 181 .... 133 Feb '00 1931 J -J Ctanerat gold 6s 1931 J-J •1093< 1C9X 109^ Mar'OO fltoneral gold Ss 100« Oct.'99 1987 A-O •103 .... lit trust gold 5s 84 83« 88^ .1996 J -J Bt L & B F HR g 4s 100 .... 99H Dec'y» Bottthw DIT Istg Bs.1947 \-o '00 93 .... 95 Feb Cent DlT l8tg4s. 1929 A-0 105 Oot.'»7 rtB*yBBdglstg6s.l910 A-O KansM Mid 1st g 4s .1937 J-D . 6s SmaU 113 113 118 Idgoldes OlasiB BlgoldOs OlassO . B Small SerlesC 6b Small Series D 4-5s Small Series E! 6s 675 4. Price Friday, 8'S Bvd. Southern— (Con) Virginia Mid ser .... 83^ Page (5 pages) N.Y. Borne Wat. & Og S«e N T Cent, Salt Lake CI It git prices —Pref. .100 100 186 880 9% 70 92% 14% Tent Flrew'rks—Com.100 100 50 Preferred t Price p er sba J And Interest, SO 140 •••••• 800 10 SB 97% 16 00 re. 5 .. . J . , THE CHRONICLK-BOND .^76 Price Friday, Range or Mar. 23. Last Sale. BONDS. P.T, STOCK EXCHANGE Wbek Ending Mas. 23. Bid. Kn GfM li N Y iBt con g 58 '32 M-8 Co. P C Fuel. Sm G & Bq a & Gen Hleo Co deb g 58... 1922 J-D UD Week's |1 Jan. Week Ending Mar. 23. Low Righ J«t M&M Id gr 3)4s S A.1911 A-O rIeT Ask. Low. High. No. F-A A-0 KC Mo Gas Co l8t(?5s.l925 58' Sale 116 115 Iiao Gas-L ibs" Bale' i09" 109*' HY6HLH&P..g58.194? J-n 194? J-D Registered Porobasemong 4B....1948 F-A Mill IstOODTgSl.. 1910 M-8 109 no 108 109 1 f Q-F* Co of StLlstg 1916 Q-F* Small bonds IJtit Ftipl Gas Co See PeopGas dUtoongSs 1995 J- 93 108 120 93" Bale noK 192)4 108)^ HI 15 lit oonsol g 68 aetnndlng g 5b Beglstered A-0 122 194 M-^ JJ-D T M-N M-S M-N < 58'37 Oh G-L&Cke Istgug OonGOoofChlBtgtiK5s'36 FCh lstgug6e.'05 qGA Mn Fuel Gas Ist gu g 1947 91 2 108 *93H lOSH Dec '99 Trenton G& BUstg 68.1949. W«Btn Gas Co onti tx a 5«...'3S GOAL & IRON BONDS. CahCoalMln. SeeTCI&R learf Bit Coal. lOS Sale Wfii 109 lllMi Apr'99 104!,iOct.'99 ...... ...... '* 9 108 107 Ang'99 103 101 Dec '99 Mar'98 , .... Feb 58 Bale 100)4103)4 68 68 '00 108 03 108*' i03*' Jan.'00 "e? 00 96)4 95 107 80 May'97 May'97 105 1900 Qu-F 102^103 Cot OH deb g AmipBpirltsMlglBtg8sl915 83 M-S 103 80 108 .... 108 Feb Bar&SCarCo Istges '00 1065i Mar'OO 33 Jan.'00 10!5 33 105 M-N J-J F-A Nat8tarchMfgColstg6sl92ij Ist g 6s. .'40 68.1946 1946 Income g Ss BnvelCo let s f g6sl918 S LeathCo s 1 deb g 6g.'18 89 US 2397 BaglBtered Sale Jan.'99 70 Apr'97 Sale Bale 70 14 78 il8" 11 b" 47)4 10 60 6 7)4 137 187)4 43 80 Co. of America. Pref Heotrio Boat Preferred Blectrlo Vehicle 7k 379i 23)1 36 33 70 , Empire Steel 100 . Fidelity & Dep (Bait). .60 100 General Chemical 100 Preferred German Am Real Bst.lOO 60 99 26 100 118 Gorham Mfg Co-Com.lO( 100 Preferred 23 2S 40 36 90 30 60 Preferred Brie & Western Trans 60 Havana Commercial 300 66 101 40 19 Preferred 60)t 55 Heok-Jones-J MUl-Pf.lOO M&f-i "ee* 75 lBt6s 1922 10 Her'g-Hall-Mar(a88t p'd). Preferred (asst p'd) 10( 13 30 100 Hoboken Laud & Imp't 115)4 106 6b j \ nitnoiB Trans International Blevat.lOC Internal. Paper— See St'k International Power. .. Intemat'l Pump— Com. Preferred Internat Sliver— See Stk, 3)t Do Do do pref. do bonds. lOO Iron Steamboat. dB 1901 J&J John B Stetson—Com. 101 Preferred IOC Joomeay & Burnham.lOC Preferred Kxcl 23 38)i 66)4 Bzob. £0 I ( Sq. 35 33 67 list. 56 46 05 117)4 120)4 2 30 . 41 67 Kniokerb'r lce(Chio)-Se< StBz Lanston Monotype.... ai 75 Lawyers' Hurely IOC Lawyers' Title Ins. ... IOC 166 17 Mttle Tiger Mining .... Lorillard (P)— Pref... IOC 06 Madison list. 9a)4 100)4 100 Kan C. Southern w. I.) preferred Do bonds, 3s.. Do 894 90 . Garden- IOC M&^ 2d 6b 1919 Mai keen Copper Mioh-P Car ist 6b'42M&^ "es" 24 11 8\) "4 6* * i"i6J4 i'l 103^ 18 103 78 71 26 105 40 6)* 114 43 68 List 80 110 'io 100 10 GOV. SBCUBITIBS. IB 113 Bitth S» N0T'9e !••••• •••••• •«••«« •••••( NoT'99 113 90 Oot-'OP 101 Feb '97 >•••«• ••»•« « lotx 10a)4 Feb '00 101 Jan.'00 102)4 May'99 101 113 113 111)4 118)4 112 112 101 101 102)4 108)4 Mar'OO Feb '0.1 (For daily reen'd 104)4 106)4 101)4 no 111 S 58 registered 110 see ge i< 30 10494 Deo '99 111)4 10994 111 110)4 Sale 116!4 Sale Sale 13i)4 1 5^4 134)4 185)4 "s 111)4 receding.') 104 10494 109)4 118 36 100)4118)4 111 109)4 109)4 llflX 117 114«4 134)4 184)4 135V4 134 11S94 Mar'OO 115 .1904 1904 1 1 Alabama—Class A 4 to 5.1906 J-J 116 5)4 Sale sted 1 1 4H ' Departm ent 110)4 111 1 1 f 95 86 10 80 11194 117)4 178)4 133)4 137)4 13394 13794 1 for bond s"w Uen issued." 108)4 116)4 Aug'98 105 108 108 1906 J -J 111 58 C 4s 1906 J-J 101 Currency funding 48. ..1920 J -J 103 Distof Columbia— 3-658.1924 F-A 119 Louisiana— New con 48..1914 J-J 107 Small Missouri— Funding. .. 1 894-95 J-J Nortn Car— Consol4i... 1910 J-J 106 Small J-J 68 1919 A-0 l'»7" So Carolina— 4)48 20-40.1933 J-J • 120 Tenn—New settlem't 3b. 1913 J-J 95 Bale Small J-J Virginia fund debt 2-SB.1991 J-J 899i Sale 100 114 114 11496118)4 273 1'354 694 X 116)4 Mar'OO B 8ep.'98 Jan.'00 iVs" 108 Apr'9<> 128 130 96 Feb '«> Mar'OO J-J 130 94 91 114 83 Mar'OO 10 ,, •• vatf tt 190 96)4 1 '00 90 89 • 10694 10694 95 Jan 01 •• NoV*''9"8 1C6J4 Mar'OO 109)4 Feb. '9S) 90 10s ica • '.'.'.'.'. .>..... 1 115 117 made in the " STATM saCUKlTlHa. Class Class seventh na 104 108 1 S 58 coupon Registered 70 77 109XFob'97 103)6 Mar'OO 60 17 85 360 Low Ask, Low. Hiah, Iff 84 085 30 100 Oct.'99 95)4Jan.'97 1. 91 90 10 694 UNlilSTBU BONDS. Sale 104 Ask S. 6b deferred oertfs rj ' Distill. *84*' -J nilaeellaneous. ParA Bid. 30 Ohateaugay Ore* Ir 68 1 14 OheB & O Grain Bl— Inc. 76 4b. 100 Mfg Co. 340 Ohesebrough Claflin (HB)-l8tpref.l00 100 100 100 8d preferred Diamond Match Co ... 1 •• "5 13 102)^ OUTSIDE SECURITIES Oonsol Rubber Tire... Piel Cramps' Sh St, Bu Bldg. 100 10*6** "30 108*' 107 107 J4 6 95 03 95 Mar'OO 105 106 107 98 105 t Due July Due i (Given at foot op MIscellaneoua. Par- Bid Minneapolis Brew ist 78. 109 100 Mosler Safe Co Monongahela Water.. .25 t 41 Nat Bnamel'g & Stamping 23 Pr.ferred 80 Nat'l Gramophone.... 100 50 National Saw— Pref.. 100 46 National Salt Preferred ,...,..., 77 100 160 National Surety National Tube SeeNYStk Szch. National Wall Paper. 100 N. B. Bleo. Veh. Trans. 6)4 IOC N Y Loan& Imp 75 Biscuit 6s 1911. M&? 114 New Jer Zinc & Iron.. 100 125 N. Y. El. Veh. Transp. 100 10)4 N icholson FUe Co 50 t 63 . . NY Otis Elevator— Com 33)4 86)4 Preferred Peck, Stow 4 Wlloox..2e t 87 5(. Pennsylvania Coal 895 B 60 t aO Pitts Bess PlttBbnrg Brewing 50 T 3394 Preferred 50 t 469« 100 148 Pitts Pla'e Glasi Planters' Compress 100 38 Pneumatic GunCar'ge.lO t-ai Pratt & Whltn— Com..lOC 1 Preferred 100 40 Procter & Gamble.... 100 • • • Preferred 100 195 Ist 6s— See Stock Bich list. BoyBakPowpf ........ 93 &L . . i • Rubber Goods Mfg Preferred Russell & Brwin. 25 Safety Car Heat & Lt.lOC c 28H 'jan 126 MlBcellaneous. Par. Union Steel m Ohain pret Union Switch & SiKaal.50 4 8)4 33 85 66 49 49)4 55 6« 86 11 26 88 146 36 •23 4 60 400 iQH 94 28)4 76 2d preferred U. S. Cast Iron Pipe Preferred Banks. 30 114 U.S. Pneu.Hor. Coll.— See 80 29 111 120 86 95 Alk. 106 Phlla. List. Westingh Air Brake. .50 t380 Worthing. Pump, pfd.100 116 . 7% 7H Bid. 100 Preferred l£7)4 390 180 40 4894 Banks. Ask. Bid. America^ .... 440 Am Bxch.... » • * ( t 188 ^« tl90 Astor Bowery* 10 80 nso Central City Colonial* b00)4 .... 275 N Y Nat Ex.. 116 New York.... 365 1 9th Ward*.. 100 Ninth North Amer. 200 . Fifth Ave*.. .. .. Fifth First 14th Street*. Fourth • 365 3400 825 3250 146 170 400 • • > • « ' t • • . .... 166 178 Vd" Gansevoort*. 120 German Ex*. 230 Germanla*... 325 Greenwich*.. 166 Hamilton^... 145 185 Hanover Hide & L'ath 116 Imp & Trad. 610 17«)4 Irving Leather Mfr. t220 310 Liberty 775 Lincoln Manhattan* 356 Market* Fnl 226)4 MeohaulCB'. 100 Mech A Tra* 00 190 Mercantile Meroh Bxch. 180 Merchants'.. 170 Metropolis*.. 416 . 475** .... Union Sq*.... Side*.. Western . Yorkville*.. 166 Bedford*.... 315 720 Broadway* t • . t . 535 Guaranty Ti eoo • Brooklyn* ... First 826 275 Manhattan 108 . .... 376 i Hamilton*... 110), Kings Co*.... 100 Mauufaot'rs. aes Mechanics*.. t200 Mech A Tra^. 260 ...... 385 Nassau 290 Nat City North Side\. 170 PeopleV^.. 190 440 •*••• Merchants'. 110 107 -••••1 : i i ! • ••• *••••• 178 106 ..«.=.« 460 14S0 168 ISO 1 95 360 366 300 Tr.Co.of Am. 19694 t Tr.Oo.ofN.Y. 196 L/nlou Trust. 1376 14S5 USMtgATr. *510 ••ft •••••• 260 , . Mercantile Merchants' Metropolitar 400 MortonTrust 4(0 N Y L I A Tr 1400 N Y Sec A Tr 780 North Amer. 145 Produce Bx. Real Est Tr't 300 StandardTr't 210 State Trust. 400 130 875 195 100 186 Knlck'rb'ck'i 890 330 tl08 8th Ward*... 5th Ave*.... 104 ••*••• Farm Ln ATr 1300 1486 Fifth Ave Tr 400 476 BR'KLYN. . 116 • Int'l.BkgATi 120 310 375 360 310 360 104 130 216 180 Republic .... 300 Riverside*... 310 Seaboard.... 375 550 Second 170 Seventh Shoe & Lo'tb 103 250 State* State of NY' 128 12th Ward*.. 115 23d Ward*... 100 West 1600 German Am* 146 Central Tr'st. 2100 2360 City Trust... 3ie 40*6" Colonial Continental 375 i 235 Prod Bxch*. . . CtlRltyB&T 200 4W5)4 .... otati JfU. N. Y. CITY. Atlantic Tr. 106 305 Bankers' Tr. 106 • • •» tl77 Pheniz Qu Trust Cos. 85 310 200 .... Plaza* Columbia*... 190^ Commerce... *286 Contlneutal 135 Corn Bxch*. 355 Domes. Bxch t« Bast River.. 130 11th Ward^. 150 Peoples'* •*•••• 160 New Ajmst.*.. 8C0 New York Co. 1600 Ik. Bid. Scherm'rh'n* 150 17th Ward*. 116 200 Sprague 36th Ward*.. 140 130 Union* Wallabout*.. 105 140 Mutual^ Nassau* 500 .\. ... 300 310 Oriental* yooo 4100 Pacific* Chemical Citizens'..... tl46 Park **" Garfield . Brokers' Mt 39 68 16 Banks. Ask. Bid. Brokers' Qu otatio ns. Morris*.. 800 Broken' Qu, otati on». N. Y. CITY. Gallatin 10094 101 6 300 100 Ist preferred 191 1st 68 105 107 Susq Coal 68 1911. ...J&J 115 Tennessee Copper <4 13)4 Texas & PhciQo Coal. 100 70 75 Ist 6s 1908 A(kO n07)4 Title Guar & Trust .100 870 390 Trenton Pott—Com.. 100 6 10 Preferred 100 60 Trow Directory-New. 100 60 60 7H ULlmCoppcr 118 Union Steel « Chain. Union Typewr—Com.lOO Chase 60 H t 83 47 46 117 Id U 8 Envalope -Pref.. 100 Qa—See Stock Bz. list U 8 Glass— Common.. 100 50 1120 2i 637 & Sm-V.lOO Preferred Mlnoellaueoui* Par. 70)4 83)4 130 t c 300 285 300 Broadway.... t240 Butch's&Dr.. t9i\i ...... ISO Stillw-Bieroe & MIS0ELU8. A«t. Bid. 135** Preferred 100 Singer Mfg Co 100 Standard Oil of N J.. IOC Stand Und'rg'dCablo.lOC Storage Power Superior & Boston Cop'r. Swift A Co iOO 96)4 78 320 189 6l088-She£Beld, oom. 27 Pief errt d 67 Southern Cotton Oil.. .50 t 53 Stand ard Conpler.oom 38 Preferred..., 110 Stat l8l R T Ist 6b'13A&0 107 2d 5s 1926 J&J 96 98 list. 135 140 66)4 Nov'99 64)4 Nov'99 consecutive pages).—^^JVir;S' 112 100 Simmons H'rdw-Com.lOC 310 625 636 7 Ask 80 t Atch Col & Pac 68 tr ctfs.... Atch J Co & West 68 tr ctfs. MetrW8Bl(Chlc) Ist4sl938 Ore Sh L ctfs dep coll tr B.. 9R)4 33 9S 06)4 ^tM 76)4 Oct'99 88" 7794 7tf)4 StLIM&Sonew30y4g (wl) 70)4 80 8?9i 283 May. i Due April, i Bonds due January. T Due August. aThese are option lalet. 103)4 103)4 .... Feh.'fth *No price Friday; these are latest bid and asked this week, Common— See St.Bx. list Oonsolid Car Heating. 100 Oonsol Flrew'ks-Com.lOO 100 Preferred • • j-j"i / sinet Jan. Bale Small 89« 89H 113)4 J'ly '99 M-N lie' MlSCaiiLANKOUB BON D8. Ex— Col tr g 48.1948 M-& 108 Adams mDk&Imp5s. S«eCenNJ BklnFerryCo l8tcoog5s'48 F-A k'nW&WH l8tg5B.1945 F-A 7a Chlo Jc & StYd col g 58.1915 J-J .... Non-cumlnc 5s. ...1907 Com Cable Co ist g 4s.. .8397 108 99 U. US 2s 30-year refundlngt.... U 8 2s registered.... upuuaal U 8 3s registered 1918 U S 38 coupon 1918 U 8 38 reg small b onds 1 9 U 8 3s cou small bonds. 1918 U 8 4s registered 1907 U S 48 coupon 1907 U S 48 registered 1925 U S 4s coupon .....1925 + Prices are 86 ioe" Jan.'00 895iFeb'00 105 78 Last Sale. W D U 103% 14 100)4 30 103H Max'OO J -J J-J ..1942 . Stan Rope &T Istg 113 110 106 109 82 106 107 106 1 109)< Mar'OO 8b... Grameroy 8ug Istg 68.. 1983 A-0 1910 J-J Steel Co deb 5s rlNon-conv deben 5s.. 1913 AInt'l Paper Co iBt conges.' 18 F-A Knlok Ice (Chic) 1 st g Ss. 1 928 A-0 "93 Mar. 23. Week's Send B Co Ist b f g 6b.. .1931 M-S 107)4 7'^boken L & I g 58 1910 M-N Iron Steamboat Co 6b... 1901 J-J >lad Sq Gard Istg 58.. .1910 M-N Man Boh H & L gen g 48. 1 940 M-N ••«•• •••••( •iCet Istsf g 58.1918 M-N ^* at Un Tel Co. See Wn Un. eirpt News 8&D D 5s.l990 J-J! ^ jJYiNJTel gen g 5s oy '20 M-N N Y 4 OntLaad istg 68.1910 F-A NoWestn Teleg. See West. Un. St li Ter Cupples Station & PropCo I8tg4)4s5-20yr'17 J-D B Yuba Wat Co con g 68. .'23 J-J loe Bp Val Wat Works let 6s. '06 M-S Vermont Mar lat b f 58.1810 West Union deb 78. .1875-00 M-N 102)4..,,., Registered 1875-1900 M-N Debenture 78.. 1884-1900 M-N Registered 1884-1900 M-N Col trust cur 58 1938 J-J 113 Mut Un Tel 8 f'd 68... 1911 M-N Northwestern Tel 7b. .'04 J-J . MAN'F'O & INDUSTEIAL. Am Thread :etcoltst48l919 Range Range or . lOlii Mar'OO fpennCoalTDiv l8tgesl917 A-OB 109 112 JL Blnn Div l8tcon6s.l917 J-J 109)4 110 Cah C M Co Ist gu g 68..'22 J-D De Bar C & I Cogu g 68. "10 F-A 106 10? Wb L B & P C Co 1 «t a 5a.'1 9 J -J Preferred 107)4 108)4 LXX. . . 1926 J-D IdgSB Koch* Pit C& I pur m 58 1946 M-N 6s..l912 f Ist s J-D g Bun Ck Coal & Gamb 8 10454106" 132 137 SeeNYCAH OolC&I l8tcong88...1902 F-A 100 OolC&IDevCogug58..190fl J - J 1909 Coupons off. Col Fuel Co gen gold 68.1919 M-N 91 nol F&ICo gen sfgSs. 1948 F-A DaBardel C&l. SeeTC&I. JtttSt Clear C&I Istg 581926 J-D Procter 110 .. . . rVoL. T&T 94)4 Deo '98 •107 I 5. iVo" 103)4 110 Mar'OO 133 106 io-rii 61 109)4( Apr'99 Peo Gas & O istgu g6«. .1904 M-N 1904 J-D •idijiioe" 106 105 «dgtd g68 194.^ 194"; 117 5. Price Friday, Bid. 87 & Tool trgsf 5s... 1926 J-J Jr Rlv Coal & C 1st g 6s. 1919 A-0 lack Wat Reor 1st g 5s. 1926 J-J 113 1 . Page (5 pages) N. Y. STOCK EXCHANGE 1. — ... BONDS. since . Istg 5s..l91E prices Range 1'*' . GrRapGLCo 8. ... .. Uniu States.. 1686 Washington 806 t BK'KLYN. Brooklyn Ti Flatbush ... Franklin Hamilton... Kings Co.... L Isl L A Tr Mannfact'rs Nassau 410 160 300 280 346 268 310 People's 336 •*••• {WlmamBb'B^ 180 • ••• ••••t KW ....»• SCO 1 { Purchaser alBO pays asterisk () are State banks. i dale at Stock Bxoh. or at anoUon this week. t Price per share, Banks marked with an aoorned int. . , March THE CHRONICLE 24, 1900.] 677 — Boston, Philadelohia and Baltimore Stock Exchanges A Daily and Yearly Record. Sales Sbare Prices— Not Per Oentnm Prices. ACTIVE STOCKS. of the Range of Salet in 1900. Saturday, March 17. Monday, March 19 Tuesday, March 20 Wednesday Thursday, March 21. March 22 Friday, March Railroad 3H 939 •842 3M 3M U7« U7H 135 213 195 187M 137 131« 133 133 •asv* ISS 83 43 133 •135 •81« • 130 33 43 130^ 130H 85^ 85« a5H 87 8«H 26H 77 77 95 95 * • • 193^ 127H 133^ 133H •125 4'3« 131 138^ 42H 25M 26^ attH 14K 14)4 53M 58H 58M 74H •74M 74H •74)4 •a05>4 206 •205>i 87« eiH 6754 67%, 87H 98^ 96V4 ee •90H 96^ •8« %% 8 9-16 85i 8 89i iS 5-ia asH asii 88« ^8)^ •1454 14« •UH 14k 14« 49^ 49^ 50)^ 6l>H 51 '>*% 74% 75 75 75M 87 87 36« 86'i< 36% 17^ 17 17M 17H 17% •94 95 x98^ 92H •B2M 54« liM ux 14W •08 •74 *80SM 94^ •87 77 77 2M 8« „ 399 •63 735 74x; WH 14« 5U4 75)t 37H 18)4 .... 317H 104H 111 SH 299 64 740 300 64 745 16>6 S 103 135 i-«H 5 149H 149H 17« 17H •41H 46H •83 ..., 103 135 103 135 15H m 149^ 17 16 6 150 17k 42)i 65^ 43 06)i •BIdaad ukedprioes I * Charlotte (Bait) 100 Bo( & Maine pf.(Bost)10C 100 Boston &Prov. " " Central Mass... 100 " Pref 100 Oorn & Passum " 100 Genu RiTPr..., " 100 CoMOl Tr Plttsir(PhU) 50 " Pref If 50 ,.. aa South i, Fla.(Balt)100 " 1st pref 100 " 2d pref, 100 G'rmant'n PasslPhll) 50 Hestonv 50 50 Pref Hunt* Broad T <' 50 " Pref 50 " Indi Street 100 Ft S&M.. (Best) 100 " Pref 100 Little Sohu y Ik ( Pbll ) 50 Maine Central. (Bost) 100 Mmehill4 8H.(Phll) 50 Nesquahon'g V. " 50 North Penn..., " 50 Pere Marqu'te.(Bost)100 " Pref. 100 PhU Glerai A N.(PhU) 50 Rys Co QeneralT " .. " tJniiedNj 100 United Tr of P, " 50 Pref 50 West Bnd pref. (Bost) 50 WeetJer&S8.(Phll) 50 WestNY&Pa. " 50 Cent, new. (Bost) 100 " Pref 100 Wor Nash & R. " 100 MAT" KC . ' WU MI8CHLLANBOU8, Ailonez Minlng(Bost) 35 Aicer. dementi (Phil) , Areadlan (Bost) 36 " Arnold Mining. 35 " Atlantic Mlu'g, 35 Baltic Mining,, " 35 Beth Steel (PhU) 60 iioiton BleoLt.(BoBt)100 Cambria Iron,.(Phll) 50 Canton Co. .... (Bait) 100 Centen Mining, (Bost) 35 " Central Oil..,.. 85 Con. Laka Sap. (PhU) 50 Pref " 60 .,.. Daylight Prism. •• 60 " Dlam State St 10 Domln Coal pf .(Boit)lOO BdlionBl 111.., " 100 leoOoof AiaT.(PhU) 50 rrankllnMin'g.(Boit) 85 Mneral Blect. " lOO Pref " 100 Senim Auto-MT(PhU) 60 Ind-Bgyp ComT(Bo8t)100 IntButHifcSM " 10 UleBoyaleT..., " 85 HinafacBQb..(PhU) 60 " iTcf 60 MarylandBrew,(Balt)100 " Preferrea... loO Mergenthaler . (Boit) 100 Me« Telephone " 10 NewBagGsAC T " ,, , , . 18)* 172 18)1 929i 91 91 91 95)4 3J)4 80)4 98 91% 3HH 79 317)4 107 10S5( 107)4 110)4 9 8)i 800 63)i 63 74^ 745 898 20% 56% 43!^ 110 7% 316 107 111 11') 9)i 899 62 745 57)^ •43 51)4 40)4 52)4 8 16 4% 5 8X 104)4 111 994 40 40 •42M 43 •64 no sale 185 300 14)4 es 3794 50 148 47 74 Vd* "Hh 4% 58 41 I0i}4 5i]4 4894 sVi 135 18 4% 20 65 165' 68)4 54 106 19)1 20)4 65 56 •48)i 61 113)4 88)4 17 694 1794 49)4 50)4 135 1 130 1« 8)4 17 "l7)4 5 23H 19)4 18)4 170 2< 20)4 18)4 174 43)1 88)4 4894 18H 18)4 17 16)4 90 88 •83 STOCKS BONDS 4)4 116 306 13 14)4 189 135 iJ'* NewHavI& 560 403 ....100 ....100 " 3,«70 12 4,117 2J(! (Boston)..,. 100 19 50 " ,.., 50 " Reading Company ,,.. 50 " 1st preferred ,.,. 50 " 3d preferred ,,.. 50 Union Pacltjo (Boston),,.. 100 " Preferred .,..100 Union Traction, $17)4 paH. (Phlla.).,.. 50 (Bait.) .,,. 50 1894 United Hy & illec. Co " Preferred ..., 60 West Bnd Street (Boston)..., 50 6,390 9 75 11,131 14,823 6,435 8,854 2,981 4,051 17,762 (Phlla.).... Philadelphia Biej.lT 3H(p>ild (Phila.) United Gas Improvement H. " United States Oil (Boston) 83(J Mar. 6 6)4 Jan. Mar. 16 346 Fob. Jan. 8» 133)4 Feb. Jan. 18 313 via-. Mar. 14 30 ^H Jan. Jan. 10 12S9<.Mar. Mar. 12 138 Jan. 183 Jan. 137 Fob. Mar. 33 34)4 Jan. 31 40 Feb. 7 45 Jan. 110 Jan. 2i 135 Feb. 2JW Jan. 11 8694 '^eb. 15 Jan. 4 8(4 Feb. 75 Jan. 2 799i Fob. 1094 Jan. I); 14)4 Mar. 91)4 Jan. 10 100 Jan. 5094 Jan. 11 5694 ^ar. Jan. 11 7494 Jan. 73M 303 Jan. 13 308 M^tr. 64)4 Jan. 14 69)4 Mar. 2 96 Jan. 99 Feb. 8X Jan. 10 994 Feb. 24 9-1 8 Jan. 10 2914 I<'eb. 13 Jan. 10 1594 Feb. 9 54% Mnr. 1494 Jan. 8 77h Feb. 7394 Jan. 36)4 Feb. 87 SV% Feb. 8 18)4 Mar. 1594 Jan. 84 Jan. 9 88 Jan. 92 Jan. 5 k4)4 Mar. a to 17 13 S 38 4 '' . Preferred a 39 7-16 29:11-16 5 3% IH 2 '.4 8)4 8)4 87 67)4 Pref...... US .... •• " aSPHorseCoLfPhUl 17)4 494 83 90 134 4M IH 115)4 308 15 130 139 14 86 " 494 1*94 28)4 88)4 3 25 25 25 15 29 29 2)4 31 30 83 88 84 5', 38)4 25 9 1 9 80 £0)4 » . W D G R & W Ist 48.'46 A&O Bast'n l8t 3 41 4194 84 I IH4 75 { { 100)4 100)4 84)4 113 77 45 lias ?107 alOO {100)4 103 {102 }.... 96 100 99 89 90 85 91)4 93 94)4 i i i i J 112 1 10 M 6s g.'08 M&8 «1]5)4 118 Blk&M V 1 St 68 33 end il35 88 193 A&O ns5 111 In Steel conv Ss.'lO J&J i ... Debenture 5S.1913 A&O K C C& S Ist 5s g.'25 A&O K C Ft 8&G 1st 78.'08 J&D J104 K C F S&Mcon 68.'28M&N «107)4 K C M & B Ist 48..'34 M&S i 91 62 Income Ss...... K C& M Ry&B 5s.'29 A&O il03 K C St Jo & C B 78.'07 J&J ni8 100 100 S 9 4 84 88 14 15 19 89 38 80 3 33 a 6 88 86 83 88 6 80 8 9 1?« 4s g. .191 1 J&J 1st con Ino 3s g non-cum 3d con Ino 3s non-onm Mex Cent Slfi Atl & Ch 1st 78.1907 J&J Atl(}-Lightl3t5sl917J&D Atl Coast L ctfs 58 .J&D 583 251 42 1,13 89 7^5 12,909 2,«38 4,745 1,22! 6,101 12C 7,940 390 123 50 25 114 135 113 ' ' 118 117 116 104 97 107 118 89 14M 16)4 5( . . 105 93)4 109 116 107 116)4 116 111 99 181 111)4 103 113)4 Norfolk St 1st 5s '44. J&J 107)4 NorthCent4)48.1935A&0 118 103 ' nnar& bi ist4s'49.M<ks 1494 Feb, 6 Mar, 13 Feb. 1-5 Feb. Feb. 60% Feb. 46)4 Jan. 132 Feb. 57H Feb. 50)4 Feb. 13 Jan. 1« •/y)4 3 31 3 83 « 37 39 103 140 33 Mar. 19 Jan. 3 Jan. 3 2 8)4 Jan. 160)4 Jan. 11 85 Jan. 8 48 Jan. 9 45 Feb. 1 fc5)4 Mar. 15 BONDS Bid. Baltimore—Couoiu'a. WestNCcon6s.l914 J&J 118)4 WestVaC&Plst6g.'l IJ&J Wil & Weld 5g. 1 985 J&J 118 115 . AsDhalt Co Ss tr ctfs AtlCityl8t58g..'19 M&N Balls Ter 1st 5s. 1926 J4D Ask. nm 83 111 > • 97K ••* Berg&EBrewl8te8'21J&J 106 B Boro Gas 1st 58.'38M«? Cambrlalron 68.1917 J&J 108 Che8&DCanl8t5s.'16J&.l Choc Ok&G gen 5s'19J&J 105 *• • • t 99H 133<4 112)4 103)4 104 1st l3t78.'05F&A M 58.'20 M&N Edison Blec 5g stk tr ctfs Blec& Peop's Tr stk tr ctfs Blm&Wilm Ist 68.'10 J&J Income 58... .2862 A&O Bq 111 Ga8-L 1st g 58.1928 Hestonv M & F con 58.'24 H& B Top con 5s.'25 A 40 Indianapolis Ry 48. ,1933 K C Sub B 1st 68..'20 J&D Lehigh Nav 4)48. .'14 Q-J 1914 Q-F RR4sg Gen M 4)4s g. 1924 o-F Leh VC'l lst5sg.'33J&J Leh Val ext 48.. 1948 J&D 2d 78 1910 M&S Consol 68 1923 J&D 108)4 118 112 • •« t* 09" 0894 UWH 107H 108)4 70 " 104 104)4 101)4 ••!•• ..*••• ' lOlH 118 137)4 118)4 • ••t« • ••• Annuity 6s .J&D 130 New'kConGa8 38'48J&D 10894 Newark Pass con 58.1930 NYPhU&Norlstls '39J&J 103 , . Income No Penn Penn gen 80 115 118 1910 Var Var 114 . . 8s Consol 6s Consol 5s r... M&N M&N 1903J&J 1939 4s. 1st 48..'36 0., ..1905 r.... 1919 Var Penn & Md Steel con 6b. Pa& N Y Can 78.. '06 J&D . A&O A&O Penn Steel l8t58.'17 M&N Cons 5s Cons 4s 1939 1939 People's Tr ti oerts 4s. '43 PhUa Elec gold trust ctfs Trust ceitfs 4s 04 117)4 <••••( 107 ,.,.«< 108 107 *•• tt 110 9994 65 Ph&Br gen M 6g.'30 A&O 120)4 Gen M 48 g. .1930 A&O 109 Ph & Read 3d 5s.'33 A&O 188)4 Consol M 78.. 19 llJ&r 13* lOlX 110 119 119 118)4 97 100 117)4 110 107 103 90 91)4 9794 97)4 73 73)4 2d series 68.. 1911 M&S 116 3d series 6s.. 1916 M&S 114 4th eer 3-4-5s. 1921 M&S 104 5th series 58.1928 M&S 111 Ya (State) Ss new.'33J&J 91 Fund debt2-3s.l991J&J 90 Del&BB- l8tcon5s.'3'.i N J Ist 58.. '33 GenM7s 115 77)4 78 181 133 101)4 NewpN&OPlst58'38M&N 103 88 1900 A&O 88 gold 1900 J&J 6s 1904 J4J Series 5s 1938... .J&J Series B 6s 1926.... J&J Pitt Un Trac 5s. 1997 J&J Jan. 19 Jan. 8 309 li 770 . 101% 103 115 1C6 118 180 106 38 Jan. Jan. 5 81 Jan. t $50 paid Kast&A 1930J&D no 5s Ga &Alal8tpf5sl945A&0 105 GaCar&Nl8t5sg.l929J&J Georgia? I8t5-6s 1922J&J GaSo&Fla l8t58.1945J&J KnoxvTrac latSs '23A&0 Lake R Bl l8tgu58'42M&S Maryland Brewing 6s Met8t( Wash) Ist 5s'25FA New Orl Gas 1st 5s...Var 1894 vtar. 40 40 •••••• * • Ext & Imp 5s.1 932M&8 Chas City Ry 1st 58 '23J&J Chas RyG&E158'99M&S CharlC&A ext5s.l9J OJ&J Chesap Gas 6s. .1900 J&D City&Sub l3t58.1922J&D City&8ab( Wash) lst5»'48 Col&Grnv l8t5-6. 1 9 1 7J &J Consol Gas 6s. .1910 J&D iri3.94-V.ar. Con Trac of Ext & Imp 6g.l901M&S 101 108)4 NoBaltDiv 5s.l942J&D 119 Conv'rtlble5sl906M&N 101)4 ••• Central Ry 68. 1912 J &J M&N 30 .Ma'. 40)4 Jan. 99;i4 Jan. 48 Jan. 43 Jan. 6)4 Mar. 100 Feb. 130 Mar. 11 Mar. 494 Mar. 118 •••••( BaltCPa8l8t59.1911M&N 111 Bait Fundg 58.1916 M&N 123 Exchange 3)48.1930J&J 113 Balt&Pl8t6sml 1911A&0 * Ist 68 tunnel 1911..J&J Bal Trac Ist 58.1929M&N Mar. 1994 Maf-. ColumStRy 103 117 Income 43 1949.,, .J&D Vlrg Mid isl 68.1906 M&S 110 79)4 1,310 13,637 7,581 760 135 100 Jan. Jan. 3 349 Feb. 137)4 Jan. 4 118 Jan, 10 Bonds- Philadelohia ••••) . Bait Beit Ist 5S.1990M&N Mar. Mar. 8^ 31,066 • 80^ Mar. 31 Cit's'StRy(Ind)oon5s.'33 PotomVal lst58.1941J&J SeoAvTn(Pltt8)5s'34J&D 8av Fla & West 5s 3 4 A&O Seab & Koan 5s.l92H J&J n^Blij&Pl6t4)4»'39M&N ilISM i Bonds- Ba Ittmore. Anacostla & Pot ...... 58 95)4 ^'i'- 107 96)4 Mar, 23 '6 Jan. 5 AUeVyBeit78l910A&O i 108 98 64 87 105 M&S MarH& Ont6s...'26 A&O A&O A&O A ' Unst'p'd 1st 68.'33 (^en4s 1943 7 1907 70 . . 50)4 BeU Tel 4s. ,1908 J&J ilOO AT&SFgeng48.'95A&.0 IlOO . New Eng let 58 .1937 § 69 Tele 6s.'99 i 99)4 Consol 5s.,.. 1932 Bonds— Boston. . §103)4 10394 NB Gas&C an 1 25 Adjustment g 4s.. 1995 Boston Term'l 3)48.. 1947 Bos Un Gas 1st 5s '89 J&J 1939 J&J 2dM5s Bur& Mo Rlv ex'pt 6s.J&J Non-exempt 6s. '18 J&J Plain 43 1910 J4J Ch Bur & Q 4s 1922 F&A lowaDiv 4B.1919 A&O Chicago June 5S.1915 J&J Ch&No M ga5s.'31M&iS Chi & M gen 58.'21 J&D Con. of Verm't 5s.'13 J&J Curr't Riv 1st 58.'27 A&O § Na<'otFarn58l939F&A Rutland Ist 6s.. '03 M&N n04)4 103)4 Torrlngton 1st 58 1918... i West End St 5s. .'02 M&N ?103 1914 M&3 4)48 Deb 48 1916 M&N no7 137 4 " 100 " 100 Westm rel Coal " 50 Wluona Mining(Bost) 35 Wolverine Mln. " 35 Fr 58,230 Ask, Bid. 1 Welsbach ComTT Pref! Am ..,, N Y&N Eng 1st 78.'05 J &J {115 «t mort 88 1905 J&J ail 45H 48 . Mining.,,, " N>^wEjgoongen5s'15J&J 68 54 Telep Tel AC. (PhU) " Tidewater St. 'i6 Torrlngton "A" (Bost) 2 " Pref 25 Un Cop L & M'g " 35 UnE LiPowpf (Bait) nnP< w& Trans (Phil) Un Shoe Maoh. (Bost) .... 81)4 Jan. 35 Feb. 75 Jan. Mar. 8 205 leo )4 Mar. 553 399 Mar. TBs rights. BONDS Ask, Dredg(B08t) 10 " Old Col Mining. 25 Osceola Mining. " 35 Palmetto Co.... (Phil) 85 ParrottSll&Cop(Bost) 10 Penn BlecVeh. (PhU) 50 " Pret 50 50 Pennsyl Salt... " Pennsyl SteelH. " " PreflF 100 Qulncy Mining. (Bost) 35 Rhode Isl Mln.. (Bost) 35 Santa Ysabel G 5 3.(Phll) 1.414 2 601 2,16i WelBbach Lights (Phlla.) ..,. 5 Westingh, Blectrlo & Mfg. ..(Boston)..,. 50 La& 8tLlst5s 1939.... 294 16)t 619 (Bait.) .... 50 (Phlla.) ,...100 " ....100 Preferred Old Colony Pennsylvania Philadelphia Traction 63 L Rock&F S Ist 7s.'06 J&J 87 100 " Boston— Concluded. fJoAmG 1 8)4 86)4 8,314 Northern Paolflc 41 44 Bid. MI8CBLL.— Concluded. Domln Coal 8t6s.'13M&S 8 17 *18)4 41 '13 *8l 4J Warwick 2)4 6)4 KItchburg, pref ( Boston) .... 100 (Phlla.) .... 50 Lehigh Valley Massachusetts Electric Cos. (Boston). ...100 Preferred Mexican Central Northern Central iri3i94 1319 Utah Mining .(Bost)4-8f I & 8 (PhU) 10 151 36U)4 870 113 110 107 at Preferred 5 5 5 43 . 101*94 2 Qulf.. (Phiia.).... 50 " .... 50 S94 Susquel & ST.. (Phil) Tamarack Mln. (Bost) 25 135 187' 73k 17 55 58 160 53 " " Bostou & Montana (Boston) ,., 23 •' Butte & Boston .... 10 " Calumet & Heel a .,..25 2194 81)4 Cambria Steel, $4)4 lald ....(Phila.) .,.. 50 58 (Bait.) 100 59)4 Consolidated Gas , IS Dominion Coal 41 (Boston).... 100 104 " 101% Brie Telephone. .,.,100 5i Federal Steel " 51 ,...100 48)4 4'^^ Lehigh Coal* Navigation... (Phlla.) .... 50 •' ,,,.100 8^ Marsden CjT .... 8)4 New Bug. Cotton Yarn, pref.(Boston)..,.100 New England Telephone " 133 135 100 Old Dominion Copper H " 16 18 ,,,,25 8194 8)4 •133 18 •82 88H 96)4 1294 .,..100 ....100 ....100 ....100 ....100 " Preferred wa made. 129H 130 13)4 .... 1 00 299 63)4 64 •740 745 149H 150% 151 151H 151% 15S 17)1 17H 1754 1754 •1754 US 157 877 * " " " On. Stock Yds. Choctaw Oklahoma Highest 4,850 3 43 338 187 t95 104 341 353 192 8,512 119)4 95 131 (Phlla.) 6 paid Boston).... luO ( . . 899 103% 103 103 isji 454 10894 299 63 715 43 104 105 103 315 2194 5854 58)4 43)« H S18 10 398 63 745 300 63 745 135 15?i 898 x77)4 111 9M 9)4 20% 21H 103% 103 50% 51 •102% 103 160 American Railways Bostou A Albany Boston Ulevated, $75 paid Boston & Lowell Boston & Maine Chic. Burl. & Qulnoy Chic. Juno. Lowest. 8tockii. (Boston).,., 100 9194 AnalgaTiated CopoerV " 31 Amer. AgricaL Chemical.,,, .,..100 " 10 77^ Preferred (Phlla.).... 50 2?i American Alkali " Preferred, paid 1 $10 ,,.. 51 ..,..,. 315 American Bell Telephone... (Boston).... luo " .,.,100 107)4 American Sugar ReUnlng?. " Preferred!! ...100 112>4 10 Asphalt Co of America (Phlla.) 5 paid •98)4 31 •8)4 104 llOX * .... 18)4 96)4 31 80)4 30^ 80 317 815 ^JACTIV E STOCKS Bid. Ask BAIIiRO ADS.—Price* Mar. 23, All 17« 2 •iCU 80^ 103 135 • 317 20H 805s 30« 67)i 67?4 6'H 68H 58)4 43 43 43)i 4'»H 43), 108H 103% 103K 103% 10?H 50 50« 60J4 60H 50H •47 47 8 79< 7« 7% 8M 8)4 Shares lYIiHcellaneoaa Stocks. 2 29 300 65 735 11-16 9i)i 94H 94>< 37^ 38 87)» 28« •78 79 77^ 78 315 9M 679i 96)4 94^ 316 108K 102% 102 110 110 111 SIS •95 535< ..., 95 28 3)4 3)4 • 3"/v 77 "ii" 34 843)4 24avt, 843)4 243>.i iiej4 H0J4 ll«)4 117 •843 242 212 •312 • « • 195 194 19194 191M 194)4 195 187)i 127% 127% 128H 127!^ 128 135 135 135 135 136 134)4 130 135 130 • • • • •las 130 •30 31 31 38)« •31 38 43 42 42 42)4 42H 138 ;*3i« 181 132 131)4 13? 26 35« 25% 2S% 26V4 •35 86« 86 25 28 77 77 77 77 77 77 14 14 14 14X 14)< 14W •95 •••••• 95 96 64)^ 66>.4 56 5694 58X 41^ 74»< 7494 7tJ4 y*H 205)4 205)4 20514 305 •805)4 67)4 88)4 88^ "89 ?4 69 69)4 96 96 96 96 96)4 98)4 1-18 9 1-18 3-16 8^ 9H 9',4 a 289^ 89 3-16 39J4 39J4 15 15)1 1494 13-16 -~ 6I« 53V4 53% 6494 54)4 51% 7594 76)4 76>4 75% 76)4 76H 37 37H 37M 37M 3794 38 I 31« 77 77 3H 3 3Hi 3Wi •843 193 187« 127 842 193 193« 1S7 3>4 841 341 840 841 239M 240 117« 117)< 117)4 118X 117 830 Week. ^ Indicates unllated. 23. Con M 6sg...l911J&t Bxt Imp M4s g.'47 A&C Con M of '88 48.'37 J*., 121)4 Terminal 58 g.l941 Q-i 123 CoUattrust 48.1921 J&J 108)4 101)4 ••••• P WU & Bait 48.1917 A&O C&StL7s.l900 F&A Read Co gen 4s, 1997 J&J Pitts Rochester Ry con 53.1930 SohRBSidelstos g'35J&D Scran Trao 1st 68 '32M&N Union Term'! IstSs-F&A United N J 48. 1944 M&B UnTracPitts gen5i'97J&J • • •••• 106)4 . • ••• t*« ••• 107 ••••«• • • •« . 118 . 91)4 lAnd Interest, 113 t t$l-50 paid' •Price Includes overdue ooupo ni. .......... ..... . .. ....... . . . THE CHRONICLE. 678 %nvtstmtnt aixxt l^ailroaxl [A^OL. LXX. lutjelligjeujCje. RAILROAD EARNINGS. The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last twa columns the earnings for the period from January 1 to and including snch latest week or month. The returns of the street railways are brought together separately on a subsequent page. Latest Gross Earnings. BOADS. Week or Mo Current Previous Tear. Tear. Jan. 1 to Latest Bate. Current Previous Tear. Tear. Latest Oross Earnings. Roads. Previous WeekorMo Current Tear Tear. Jan. 1 to Latest Date. Current Previous Tear. Tear. $ Adirondack Januar.7 .. Ala. Gt. South.. 2dwk Mar. Ala. Midland... February . Ala.N.O.&Tex. Pao. Jnnc. N.O.&N.E... 4 th wkFeb Ala.&Vicksb. 4th wkFeb Vick9.Sh.&P. 4th WkFeb Allegheny Val.. January .. Ann Arbor '<idwk Mar. Ark. Midland... January . Atch.T.&S.Fe. January Atlanta & Char December. Atl. Knox.&No February Atlanta&W.F.. January .. At.Vald'sta &W February Austin &N'west January.. Bait. &Ohfo.... February Bal. &0. Sou'w 2dwk Mar. . . Bath&Ham'nds lanuary .. Brunsw'k&W'st February Buff.R'ch.&Pitt 2dwk Mar. Buffalo & Susq. February . Bur.C.Rap.&N. 2dwk Mar. Canadian Pac. 2dwk Mar. Cent, of Georgia Central N. E.... Central of N. J Central Pacific Charlest'n&Sav Chattan'sa So.. Ches. &Ohio.... Chic. Bur. Chic.& East. 111. &Q 2dwk Mar, 15,214 42,249 84,271 16.348 33,331 59,7t)9 52,000 37,000 27,000 18,000 20,000 23,000 264,508 224,164 28,972 37,645 9,902 10,873 3,678,665 3,228,323 229.794 173,188 28,090 24,610 64,118 52,633 16,652 4,676 12,281 12,065 2,574,190 1,856,953 134,689 121,014 1,765 1,864 55,755 49,046 79,259 74,164 45,474 48,932 100,041 88,820 625,000 494,000 131,904 120,832 63,918 51,543 1,089,955 867,693 January .. February January .. 1,265,260 1,138,345 February 76,629 63,136 iJdwk Mar. 1,752 1,270 2dwk Mar. 220,787 224,163 Jaiiuary 3,510,243 3,193,452 106,407 91,277 132,220 110,109 76,376 62,965 766,713 701,636 Chio.&N'thw'n. February 3,104,002 2,691,421 CMc.Peo.&St.L I Febru'ry 135,474 89,638 St.L.C.&St.P. Ohic.R'kl. &P. January . 1,822,536 1,539,847 Chic.St.P.M.&0 January . 791,325 823,809 Ohic.Ter.Tr.RR Jdwk Mar. 23,790 22.931 Choc. Ok. & Gull February 115,000 *86,000 Cln.N.O.&T.P. 2dwk Mar. 95,114 70.538 Cin.Ports.&Vir. February 27,460 20,289 Cl.C.Ch.&8t.L. 2dwk Mar. 300,570 264,916 Peo. & East'n. IstwkMar. 40,395 34.133 Cl.Lor.& Wheel. 2dwk Mar. 38,426 34,268 Col. Midland.... February 157,976 88.928 Colorado & 80. IstwkMar. 90,545 76,989 Col.Sand'y&H. IstwkMar. 18,858 14,145 Cornwall &Lel). January .. 27,722 15,832 Crystal October... 221 1,173 Cumh'l'dVallev January 74,430 62.304 Denv.&RioGr.. 2dwk Mar. 173,000 172,000 Det. &Mackinac J anuary 63,406 47,559 DuluthS.S.&Atl 4th wkJan 58,998 48,982 E. 8t. L. &Car.. February 13,400 8,188 ElginJol.&East February 155,958 137,627 Erie January .. 2,928,710 2,489,835 Eureka Springs December, 5,779 4.727 Ev'ns.&lnd'plis 2dwk Mar. 6,365 6,072 Evansv. <teT.H, 2dwk Mar, 27,573 25,813 Find. Ft.W.&W, February 8,165 7,220 Fla.Cent.&Pen. IstwkMar. 56,586 56,433 Ft. W.&Den.C.- 2dwk Mar, 27,34 6 31.421 Ft.W.&RloGr.. 2dwk Mar, 6,793 8,154 Gads. &Att.U.. February 1,020 566 Georgia RR.. .. 2dwk Mar 36,606 37,449 Georgia & Ala. stwkMar. 25,778 22,155 Geo. 80. & Fla. February 101,399 66,020 611a Val. G &N. January .. 28,990 29,035 Gr.Tr'nkSyst'm 2dwk Mar. 428,093 419,31b Chic.&Gr.Tr. 4th wkDec 122,108 138,227 Det.GH.&M. 4thwk Feb 14.532 16,031 . .. ^dwk Mar. Chic. Gt. Wesfn vdwk Mar. Chic.Ind.&L... 2dwk Mar. Chic.Mil.&St.P. 2dwk Mar. . . . . I Great North'n— 8t. P. M. & M.. February 1,410,629 1,132,110 East of Minn. February 219,514 190,176 Montana Cent February 149,687 132,897 Tot. system. February 1,779,830 1,455,183 G'lfB'mnt&K.C 2dwk Mar. 5,125 6,090 Gulf & Chicago. September 5,728 4,544 Gulf & Ship I si. December. Hocking Valley 2dwk Mar. 92,830 59,947 Hoos.T'n.&Wil. September 6,581 5,455 Hous.&Tex.Cen January .. 334,188 310,433 Illinois Central. February 2,614,172 2,152,380 Ind.Dec. &We8t Nov'mber. 61,72S 48,737 Ind.Ill.&Iowa. January 94,542 77.595 In.&Gt.N'rth'n vidwk Mar. 66,480 68.351 JInteroo. (Mex.) wi» Mar. 3. 76,000 79.a00 Iowa Central... 2dwk Mar. 42,974 40,131 Iron Rail way. February 6,371 4,449 Kanaw'a&Mich 2dwk Mar. 15.418 8.279 K.C. P.Sc'tt&M. 2dwk Mar. 98,266 86,970 K.C.Mem.& Bir. 2dwk Mar. 28,094 31,199 Kan. C.N. W... February 30.864 25,137 Kan. City &Om. IstwkMar. 4,356 4,275 Kan.O. Sub. Belt Nov'mber. 46,638 49.294 L. Erie & West. 4th wkJan 135,301 95,861 Lehigh & Hud. February 33,816 34,429 Lehigh Val. RR. January .. 2,202,548 1,706,972 Leh. V.Coal Co. January .. 1.673,232 1,636,330 Lex'gton<fe East January .. 25.882 15.689 LonglslandRR. February 213.395 186,044 Long Ib. System February 217,089 188.858 . . 15,214 429,641 177,459 343,315 157,565 123,882 264,508 324,528 9,902 3,678,665 2,356 968 61,241 64,118 34.545 12,281 5,49d.043 1,359,880 1,765 114,871 886,310 108,091 910,433 5,042,071 1,378,009 53.918 2,393,374 1,265,260 151,067 19,005 2,401,560 3,510,243 1,108,059 1,303,690 759,145 7,542,156 6,095,826 Los Ang. Term.. February. Louis.Ev.&8t.L 2dwk Mar. Lou. H. & St, L. 2dwk Mar. Louis. & Nashv. 2dwk Mar. 240,021 Macon &Birm.. February 118.297 Manistique February 115.925 {Mexican Cent. 2dwk Mar. 224,164 Mexicanlnter'l. December. 305,139 }Mex. National. 2(1 wk Mar. 10,873 Mex. Northern. Nov'mber. 3,2^8.323 {Mexican Ry... WkMar. 3, 1,760,037 Mexican So 4th wkFeb 52,482 Midland Term'l December, 52,633 Minne'p.&St.L 2dwk Mar 11,211 M.St P.&S.St.M 2dwk Mar, 12.065 VIo.Kan.&Tex. 2dwkMar. 4,056,497 Mo.Pac&Ir'nM 2dwk Mar. 16,348 357.282 126.770 1,249,543 1,864 97.930 706,936 102.540 896.371 4,593,953 1,202,464 51.543 1,960,256 1,138,345 120,274 11,817 2,148,729 3.193,462 954,629 1,135,710 591,597 6.896,007 5.521,020 183,104 1,822,536 1,539,847 791,325 823,809 236,394 227,349 *326,342 *281,980 11,007,411 824,993 54,142 40,368 3.117,793 2,564,397 446.5iy 316,316 382,798 313,786 878,704 229,847 787,980 666,572 27,722 15.832 74,43'o 62,304 1,613,556 47,559 152,056 17,418 337,452 279,842 2,928.710 2,489,835 67,618 67,469 62,002 64,745 273,472 241,416 16,675 15,160 480,542 456,171 289,469 296,007 73.530 89,667 1,883 1,269 366,360 327,062 261,228 209,397 210,684 142,221 28,990 29,035 4,135,376 3,921,497 3,863,755 3,650,303 136,055 128.182 3,008,189 393,336 363,298 3,764,823 54,199 . . 274,662 1,863,814 63,406 167,147 26,957 8.768 8,296 16,583 40,620 34,102 354,559 10,568 120,656 13,270 535,285 461,525 5,600.728 5,648 4,374 11,717 6.863 17,509 9,388 337.314 291,17,5 3,550,906 414,764 4,645,659 486,4 67 150,085 128,642 1,516,316 680,624 37,183 53,0j8 800,500 95,300 98,000 18,716 136,085 18,570 40,276 632,908 62,553 49,92C 481,796 50,329 66,995 843,866 91,407 214,426 211,463 2,360,502 521,000 493,000 5,500,032 CentralBr'ch. 2dwkMar. 17,00( 220,518 21,000 Total 2dwk Mar. 542,000 510,000 5,720,550 Mobile* Ohio.. February. e477,200 e317,757 610020141 Mont&Mex.G'f February 102,651 99,464 205,735 Nash.Ch.&StL. February 518,582 408,596 1,103,488 Nevada Central January .. 1,936 1.936 1.446 N. Y. C. & H. R. February 4,010,370 3,377,862 8,260,639 N. Y. Ont. & W. 2dwk Mar. 882.802 84,475 78,757 N. Y. Susq. & W. January 226,246 226,246 200,301 Norfolk* West. 2dwk Mar. 266,050 216,502 2,740,776 North'n Central January 657,236 657,236 558,836 North'n Pacific. 2dwk Mar. 513,988 417,015 4,921,633 Ohio River 2dwk Mar. 228,643 21,653 16,987 Om. Kan.C. &E. Nov'mber. 39,398 32,515 Omaha & St. L.. Nov'mber. 41.209 39,015 Oreg.RR.&Nav. 4thwkAug 165,460 151,773 4,248,963 Oreg.Sh.Line... January .. 644,930 644,930 521,637 Pac. Coast Co... January .. 393,336 393.336 332,395 January .. 408,992 346,666 Pacific Mail 408,992 Pennsylvania. January .. 6,424,271 5,312,171 6,424.271 Pere Marquette 2dwk Mar. 147,0^2 136,564 1,390,459 Peo. Dec. & Ev. 2dwk Mar. 1^3,988 18.714 14,660 Phila. & Erie. January 390,213 390,213 276,135 2,426,567 367,342 313,527 3,106,436 48,287 . . . . . . 15,607 296,514 100,538 4,485,062 9,745 13,742 2,914,292 3,497,074 1,308,63T 646,574 810,200 122,467 435,393 453,362 615,915 2,235,299 4,874,497 210,874 5,035,371 e 695.679 206.754 923,633 1.446 7,167.723 770,88a 200,301 2,079,500 558,836 4,049,304 176,269 4,362,852 . 521.637 332.395 346,666 5,312,171 . . 1.267,887 151.209 276,135 . Phila. & Read < oal & Ir. Co. January January January Tot.both Co's. .. Phil. Wllm &B. January .. February Pltts.C.C.&St.L . . . . . Pitt8.Bes.&L.E. 2dwk Mar. Ch.&Y'ny. January &Wn Februray Pitts. Sha.&No. January .. Pitts. &We8t'n.. 2dwk Mar. Pitts.Cl.&Tol. 2dwk Mar. Pitt. . Pitts.Lisb . 2,297,044 1,864,664 2,226,162 2,272,351 4,522,206 4,137,005 863.240 730,840 1,522,744 1,233,301 15,253 30,571 16,318 8,531 4,170 3,356 44,005 38,674 27,861 5,732 72.267 78,617 35.838 9,336 71.600 11.621 26,145 7,233 146,739 165,396 104,600 112,947 184,762 57.477 18,436 407,243 11,191 21,459 2,297,044 2,225,162 4,522,206 863,240 3,170,882 249,751 16,318 8.930 44,005 1,864.654. 2,272,351 4,137,005 730,840 2,660,301 173,905 8,531 7.652 305,^82 170,556 69,341 542,332 62.525 26,262 86,123 556,044 138.998 236,343 18,448 267,289 35,837 18,747 8,006 62,590 62,525 25,262 8,707 59,700 10,684 22,478 6,602 120,680 132,536 113,300 121,362 172,483 60,632 17,910 293,016 4.881 22,548 335,219 194,405 47,334 628,542 78,617 35,838 98,472 834,058 143,534 233,579 15,733 298,536 1,549,790 1,403,899 22i",049 235,769 117,516 193,929 807,048 73.016 41.633 1.861: 4.925 22,590 6,623 4.391,130 4.877,138 1,138,345 1,265,260 117,777 156,152 603,669 56,308 47,333 3.762 14.373 4,391,130 158,390 159,134 3,200 Tex.S.V.& N.W. February «9,500 28,3H1 Tol.&OhloCent. 2fiwk Mar. 42,206 18,40? Tol.P.&West... 2dwk Mar, 22,209 Tol.St.L.&K.C. 2dwk Mar. 35,150 38,129 UnlonPac. RR., January 1,711.098 1,476,358 2dwk Mar. 313,699 234,233' Wabash W.J'rsey&Sea'e January .. 179,810 148,710 92,355 W.V.Oen &Pltt. December. 110,220 Western of Ala. January 57,210 72,664 West.N.Y. & Pa. IstwkMar. 59,100 66,800 Wheel. & L. Erie 2dwk Mar, 31,246 38,708 13,069 Clev.C.i&So.. 2dwk Mar. 16,811 2dwk Mar. 44,315 Total 55,519 95,334 Wisconsin Cent. 3d wkMar. 99,269 7,694 Wrightsv.&T'n. January .. 16,128 February Yazoo&Miss. V 430,323 315,122 January 5,146 YorkSouthern.. 6,786 1,772,434 1,595,092 & F. 2dwk INIar. Total system. 2dwk Mar. Pitts. Pa. January .. January 2dwk Mar. Rich.Fr'ksb&P. Rio Grande Jet. Rio Grande So.. Rio Qr'de West. . 2dwkMar. Sag.Tuso.&H.. December. St. Jos. & Gr. I. 2d WkMar. St.L.Ken'et&So|February St.L.Van.&T.H. February St.L.&SanFran |2dwk Mar. St.L. Southwest 2dwk Mar 8t,Paul&Dul. February . . San.Ant.&A.P. December. SanFran.&N.P. February S.FePres.&Ph IstwkMar. Sav.Fla.&West. February . Sher.Shrev.&So 4th WkFeb Sil. Sprs. O. & G. February . February 2,461 February & 12.090 January .. 4.877,138 Cent. Pacific. January 1,138,345 1,265,260 Gal.Har.&S.A January 519,6601 435,882 519,660 435.882I 120 409 140.544 Louis'a. West. January .. 120,409 140,544 637.496 Morgan'sL&T January 553.234 553,234 637,495 20,5^9 18,762 N.Y.T. & Mex. January 18,752 20,549 166 014 Tex.&N.Orl.. January 162,072 162 072 168,014 So.Pac.ofCal. January .. 1,350,827 1,137,327 1,380,827 1,137,327 267,218 So.P'c.ofAriz. January 365,557; 365,557 267,218 153,132 189,332 So.Pac.ofN.M Januar.y 189,332 153,132 Southern Ry.... 2dwk Mar. 659,910 551,093 6,461,073 6,426,958 789 1.099 Stony CI &C.Mt. January .. 789 1.099 269,387 217,807 Terre H. & Ind. February 131,068 102,686 79,962 60,454 TerreH.&Peor. Februar.v. 29,345 37,539 68,910 60,916 Texas Central. IstwkMar. 5,103 6,158 80. Haven &E.. 80. Miss. Ark. So.PaciflcCo.ft. . . . . . . 336.150 857.030 42,894 334,188 6.526,561 553.658 94,542 790,027 703,000 427,204 13,165 144,044 1,022,600 345,967 63,709 36,513 489,859 361,251 76,7 Oi 2,202,548 1,672,232 25,882 456,196 464,531 211,417 648,991 40.404 310,433 4,576,172 498,263 77,595 739,565 680,680 402,212 8,506 103,849 848,750 294,517 50.732 41,094 483.156 274.429 79.407 1.706,972 1,636,330 15.689 422,524 430,098 Texa8& Pacific. 2dwk Mar. . . I 19,780' 9,900 305.242 441.6381 213,0441 196,328 356,564 345,9271 l,711,09Sl 1,476.358 3,105,6171 2,716,896 179,810' 148.710 1,295,539 72,664 594,924 383,543i 156 084 539,627 1,015,463 15.128 930,975 6,786 1,151,638 67,210 633,140 279,066 127,774 406,830 939.766 7,694 764,186 5,146 Figures for February are for the railroad only. { Mexican currency. & Covers results of lines directly operated east of Pittsburie. Includes Chcsape ike & Ohio 80'western, Ohio Valley and Chicago and Texas for both years. Results on Yazoo Branch excluded In 1899. 6 Does not Include the Austin & Northwestern, the San Antonio & Aransas Pass or Houston & Texas Central system. e Results on Montgomery Division are Included 1900, but not for 1899 * t m " . .. ... ... . March i . » THE CHRONICLE. 24, 1900.] Latest G^ross Earnla^s by Weeks.—The latest weekly earnings in the foregoing are separately summed up as follows: For the second week of March our preliminary statement covers 64 roads and shows 12'00 per cent increase in the aggregate over the same week last year. 2d week of March. 1900. 1899. Increase. Decrease. SB Alabama Ot. Southern. . Arm Arbor Bait. & Oblo Southwest.. Buffalo Ronh. & r IttsbV. Burl. Ced. Rap. & North. Canadian Paolflo Central of Georgia. ...., Ohattanooga Southern. Chesapeake & Ohio.... Chicaeo & Ea!<t. Illinois. Ohio. Great Western . . Ohlc.Indlaii'lls & Loulsv. Ohloasro Mllw. <fe St. Paul Chlo. Term. Transfer CIn. N, O. & Tex. Pac Clev. Cln. Chlo. & St. L.. Clev. Lorain & Wheel'g.. l>»inver& Rio Grande... Bvansy. & Indianapolis. Evansv. & Terre Haute. Fi. Worth <fe Denver City Ft. Worth & Rio Grande. Oeorifla Grand Trunk > & Milw. S Beaum't & Kan. C. Det. Gr.Hav. Culf Hooking Valley Intern'l & Gt. North'n . . Iowa Central. Kanawha & Michigan... Kan. City Ft. S. <StMem. Kan. C. Ijonlsy. Mem. & Blrm. . Evansv. Louisville Hend. Loalsv. <fe . & St. & L. St. L. Nashville Mexican Centrikl Mexican National.... & L. Erie... & Western Plttsb. Bess. RiO Grande Southern Rio Grande Western..... Bt. Joseph & Gd. Island St. Louis & San Fran... St. Louis Southwestern. Boathern Railway Texas* 428,093 5,125 92,830 66,48( 42.974 15.418 98,266 28.094 40,620 13,270 535,285 337,314 150.06.=> Minneapolis & St. Louis. Minn, St. P. & 8. Ste. M. Mo. Kansas & Texas Mo. PaoUlc, Iron Mt. ... Central Branch N, Y. Ontario <te Western Worfolk & Western Horthern Paoiflc Ohio River Peoria Dec. & Evansv. Pere Marquette. Pittsburg 42.249 28.972 134,689 79,259 100.041 525.000 131.904 1.752 220,787 J 08,407 132,220 76.375 766,7! 3 23,790 95.114 S00.570 38.426 173,000 6 365 27,573 27.346 6.793 36,606 50,329 91,407 214.42f^ 521.000 21.000 78,757 268,050 543 98^ 21,653 18,714 147.032 30,571 72,267 9.386 71,600 26,145 155,39b Total (64 roads) 494 31,000 11,042 00' 120862 1,270 224,163 91.277 8,673 11.221 62,965 701.636 65,077 22931 859 70,538 264,916 34.26172,000 24,576 35.654 4,158 1,000 6,072 25,813 31.421 8.154 37,449 419,318 6,090 59.947 68,351 40.131 8.279 86,970 31,199 34.102 10,568 461,525 291,175 128,642 49.920 66.99 211.463 493,t00 17,000 84,475 216,502 417.015 16,98 14.660 136,564 p. 13,41») 843 965 "sr.sss 'i'sii 2,843 7.1a9 11,296 3,105 6,518 2,702 73,760 46.139 21,423 409 24,412 2,963 28,000 4,000 5,718 49.548 126.973 4,666 4,054 10,518 15,318 9,677 679 11,90 3,66- 22,860 8,700 108,817 744 13,845 3,803 2.979 29,466 7,462 3,742 9,593 38,687 first week of March our final statement covers and shows 5-98 per cent Increase in the aggregate over the same week last year. For the March. 1900. s Previously rep'd (63r'd8) Colorado & Southern . Handuskv & Hook'g Worth & Denv. 0..... Gulf Beaum't & Kan. C. LoulsvlUe Head. <fe St. L Santa Fe Pres. & Phoenix. Texas Central West. N. Y. & Pennsylv (3ol. Ft. Total (71 roads) Net increase (596 7,872,495 90,545 18.858 i:8.575 6,21 10,675 18.436 6,15b 59,100 8,lll,05o d. 1899. Increase. $ 7,429,925 75,9b9 14 145 29,043 5,952 9,672 17,910 5.103 66,801 7,654.539 o.\ Decrease. % 700,312 14,556 4,713 468 ""259 Current v Previous 867,693 1,960,256 936,815 259,222 649.070 Central Paoltl''.b... Jan. 1,265.260 July 1 to Jan. 31 11,464,986 1,138,345 9,701,141 300,750 4,66-,013 3,689.318 76,629 151,067 420,311 63.135 120,274 391.354 28,316 56,364 77,142 14,719 22,205 c5,871 & East. 111. b.. Feb. 424.257 Jan. 1 to Feb. 28 895,074 July 1 to Feb, 28.... 3,'>75,573 361.848 760,082 3,IV4,068 197,100 427,186 1,697,929 167,773 357,447 1,467,652 Chlo. Gt. West'n. b. Feb. 521,543 Jan, 1 to Feb, 2*^.... 1,044,530 July 1 to Feb, 28.... 4,538,034 451,037 899.482 3,871,428 150,967 287,455 1,539,630 134,125 1,303.424 211,342 624,257 19^,980 627,071 78.878 216,602 76,057 276,410 Rio G,b. Jan. Ft. Worth July 1 to Jan. 31 ». 33,223 286,080 43.737 365,469 10,719 128,632 21.141 204,152 9a. South. & Fla.a. Feb. Jan. 1 to Feb. 2*.... July 1 to Feb. 28.... 101,399 210,«84 796,581 66,020 142,221 628.782 20.943 49.959 232,888 13.744 33.818 182.916 Houst. & Tex. Cent. Jan. 334,188 July 1 to Jan. 31 2,627.463 310433 2,679,680 75,397 932,0Z0 93,880 1,281,103 Char.& Savannah. b Feb. Jan. 1 to Feb. 2s July 1 to Feb. 28.... * 20 440 40,930 165,758 300,696 26.'i,778 634,380 573.940 c287,303 C281.657 83,518 65.800 26,&99 20,495 Pitts. Char. & Y'h'y. Jan. 16,318 8,531 7,412 3.7il Pitts. C.C.ife St. L.a. Feb. 1,522,744 1,233,301 359,735 288,170 Jan. 1 to Feb. 28 3,170,882 2,660,301 820,610 697,750 Pitts Sh'wmut& No. Jan. 44,005 20,690 Aug. 1 to Jan. 31 272,778 146,085 Pittsb'gA West'n. b. Jan. 298,702 226,701 82,060 58,871 July 1 to Jaa. 31 2,146.104 1,931,087 €35,818 555,818 8av. Fla. & West.b. Feb. 407,343 293,016 129 295 48,585 Jan. 1 to Feb, 28.... 807,048 603,669 251,031 97,435 July 1 to Feb, 28.... 2,869,960 2,655,523 793,270 614,110 Sllv.ep.Ocala&Q.b Ftb. 21,459 22,548 12,543 12,737 Jan. 1 to Feb. 28 2:f,464 41,633 47,333 26,892 July to 1 Feb. 28.... 180,308 186,739 108,018 10S240 Southern Paoiflc. b.. Jan. 4,877,138 4,391,130 1,352.937 1.254.418 July I to Jan. 31.... 38,167,737 32,792,505 14,209,895 11,907;763 Central Pacific b. Jan. 1,265.260 1,138,345 300,750 300,696 July 1 to Jan. 31....]11,464,986 9.701,141 4,6b8,013 3,689,318 Gal.Har.&SanA.b Jan. 519,660 435,882 60,362 81,421 July 1 to Jan. 31 3,726,514 3,283.427 908,437 998,845 Loaislana West. b. Jan. 120,409 140,544 35,504 67,077 July 1 to Jan. 31 811,467 778,141 262,077 363,539 M'g'n'sLa.&Tex.b Jan. 553,234 637,495 122,916 252,137 July 1 to Jan, 31 4.370,028 4,043,037 1,494.426 1,594,135 N. Y. Tex. & M.b. Jan. 20,549 18,752 5,711 3.874 July 1 to Jan, 31 188,594 203,9 V 7 81,960 99,571 Texas & N. Orl.b. Jan. 162072 166,014 46,548 76,729 July 1 to Jan. 31 1,071.616 1,038,299 333,528 493,521 Bo. Pac. of Cal.b. Jan. 1,350.827 1,137,327 473,800 282,715 July 1 to Jan. 31. ...10,430.186 8,534,316 4,179,698 3,005,260 Bo. Pac. ot Ariz.b. Jan. 365,557 267.218 179,417 88,793 July 1 to Jan. 31.... 2,163.674 1,710.474 972,934 563,734 So.Pao. of N. M.b. Jan. 189,332 153,132 112,580 75,448 July 1 to Jan. 31 898,419 1,172,858 682,531 434,808 Tenn. Coal I. & RR. Feb. 315,209 61,170 Jan. 1 to Feb. 28... 628 181 140,507 a Net earnings here given are after deducting taxes. b Net earnings here given are before djduoting taxes. c Deductingother expenditures for repairs, replacements and general oxnenses, net income applicable to interest on bonds in January was $120,250, against $142,925 last year. This is the result in Mexican dollars treated (according to the company's method of keeping its accounts) as equivalent to 80 cents in United States money— that is, depreciation beyond 20 per oent has already been allowed for. Interest Charges and Surplns.— The following roads, in addition to their gross and net earnings given in the forogoing, also report charges for interest, &c., with the surplus deficit below those charges. 7.700 722,424 456,514 380,7 77 Tear. PeorlaDeo. diEv.b. Jan, — 265,910 —Current Set Earnings. Previous . Tear. Tear. $ $ 84,271 177,459 645,163 59,799 126,770 561,273 29,140 62,2n3 177,266 91,t.4<J Jan. 143,211 124,207 42,348 40,956 Austin &Nortw'n.b Jan. 12,281 Brunswick & West, b Feb. Jan. 1 to Feb. 28 jHly 1 to Feb. 28.... 55,755 114,871 474,733 9 1,377 def.18 12,065 de*. 1,874 def. 1,543 6,693 16,938 13.479 34,829 95,904 154,377 49,046 i 7,930 418,597 Cent, of N. Jersey.a . Feb. 1,089,955 Jan. 1 to Feb. 28 ... 2,393,374 526 Tear. Ann Arbor. b 17.481 46,451 282,764 1,055 9 Jan. 1 10 Feb. 28.... July 1 to Feb. 28.... 45,474 108,091 547,399 above or rear. Roads, Alabama Midl'nd.b Feb. $ 1,003 Net Earnings Monthly to Latest Dates.— The table following shows the gross and net earnings of Steam railroads reported this week. A full detailed statement, including all roads from which monthly returns can be obtained, is given once a month in these columns, and the latest statement of this kind will be found in the Chronicle of March 17, 1900. The next will appear in the issue of April 21, 1900. •Qross Earnings. Tear. $ 48.932 102,540 517,366 Mexican National.. Jan. 8,775 71 roads, 1st votek ot Teur. & 4,075 1,361 . S Nov. 1 to Jan, 31 1,760 Net Eamtnas. Current PreHout ' Tear. Soads. Baffalo&Susqueh.a Feb. Jan. 1 to Feb, 29.... July 1 to Feb, 28.... OhootawOkl.&G.b. Jan. 29, 979,035 940,348 Gross Earnings. OuT^ent Previous Chic. 3,376 llO.lOri — — . 482 15,130 22,112 7,833,223 102 Wet increase (12-00 13,67!'. .•i.ogs 8,773,571 659.910 WlBOonsin Central...^. Wabash......... 1/1.014 74,164 P8.820 60i- 104.60(. & Kan. City.. Wheeling & Lake Erie. Clevel'd Canton & So. Tol. St. L. 8,918 15,253 62,590 8,707 59.700 22,478 132.536 113,300 551,093 158.390 28,361 18,40H 35,150 284,233 31,246 13.0c9 93.01t 159.13^ 42.206 22.209 38.129 313.69H 38,708 16.811 Pacitio Toledo & Ohio Central... Toledo Peoria & West'n. 33.P31 37,64t 579 Soads. Int., recitals, etc. Previous Tear. Tear. Tear. Tear. 9 9 128.796 9 1,016,910 21,500 64,500 265.936 530,862 9 *f 0.846 *840,OiO 56,743 180,-97 74,369 247,876 *46,596 *586,007 54,557 211,910 22,234 166,888 46,563 93,126 46,085 260,432 518.628 14.607 47,381 & No.— Aug. 1 to Jan. 31 lenn. Coal I. & liR. Feb. 100,000 Jan. 1 to Feb. 28.... 109,553 * of NetEam's.-> Current & Pitts. Shawmut Sal. Previous E. Illinois.. Feb. 129,209 July 1 to Feb. 23.... 1.021,937 22,135 Choc. Okla. & Gulf. Jan. Nov. 1 to Jan. 31 66,405 28r;,366 Pitts. C. C. & St. L.. Feb. Jan. 1 to Feb. 28.... 573,734 Ohio, > Current 5 4.7 '7 After allowing for other income received. STREET RAILWAYS AND TRACTION COMPANIES. The following table shows the gross earnings for the latest period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of the table is the same as that for the steam roads that is, the — 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 mouth. first . . .... ..... 1, — . THE CHROiMCLE. .^80 [Vol. — Gross Earnings. STREET RAILWAYS AND TRACTION COMPANIES. Latest Oross Earnings. Gross Earnings. Amsterdam Atlanta Ry. Augusta St. Ry Week orMo December. Februaiy 5,063 32,434 Tear. Tear. Latest Date. 1 to Current Previous Tear. Tear. $ . . & Power, (Ga.) Ry. & Eleo Binghamton Jan. Uur'nt Prev'us Ry.. Bridgeport Traction Br'klynRap.Tr. Co.t. Chicago & Mil. Elec. St. 4.666 25,498 58,911 68.684 53.969 54,756 Nov'mber. 14,203 16,360 10,918 13 023 13,023 10 918 January 26.052 29.740 January 29,740 26.052 December. 944,802 843,843 10623482 9,844.388 5,510 12,071 February 5,639 2,578 . . Chicago Union Tract. February 520,593 483,896 1,107,611 1,015,554 22.646 15,806 7,3:J2 Cin. & Miami Val February 10,847 95,0='3 109,758 Cln. Newp. & Gov February 52,562 45,181 5,421 3,224 2.705 1,547 City Eleo. (Rome.Ga.) February Cle^y eland Electric. February 140,150 130,637 296 876 274,219 12,659 6,192 14,489 Cleve. Painsv. & E. February 7,244 Col. Sp'gs Rap.Trans. Nov'mber. 10,681 7,448 Columbus (O.) Ry.... January 74.999 74,999 5,412 6,388 Dart.& W'port St. Ry. January .. 6,388 "5,412 92,391 Denver City Tram 94,789 January .. 94,789 92,391 Detroit Clti'n8'8t.Ry 2dwk Mar. 27,976 23,546 280,045 233.617 83,225 Detroit Eleo. Ry 2dwk Mar. 10,636 8,323 109,410 . . . Detroit Ft. Wayue Belle Isle Total of all Dulmh & 2dwk Mar. 4,353 3.586 2dwk Mar. 42.965 35,455 Ry February Easton Consol. Elec. December. Erie Electric Motor.. December. Galveston City January .. Harrishurg Traction. February Herki iner Mohawk II St. . 16.496 13,314 24,367 14,384 '12,418 16.358 18,986 22,911 17.179 ion&F'ktortELRy. January 4,343 3,154 Houston Elec. St. Ry. December. 23,177 21,155 Internat'i TractionBuffalo Ry Nov'mber. 113,047 Crosstown St. Ry. of Buffalo Nov'mber. 43,664 Baffalo Traction Nov'mber. 6,951 Buff.Bl've&Lan'r. Nov'mber. 3,644 Buff. &Nlag. Falla. Nov'mber. 10,437 Buff. & Lookport .. Nov'mber. 7,928 . Current 42,671 432,126 34,986 35,476 352,318 27,728 Tear. Roads. Cleveland Eleo. a... Feb. Jan. 1 to Feb. 28 Olev. Palnesv. & E. Feb. Jan. 1 to Feb. 28 Galveston City Ry.. Jan. Interstate Con. St. Rv.— No. Attleb. Masa.. Feb. Jan. 1 to Feb. 28 Oct. 1 to Feb. 28.... New Orleans City. Feb. Jan. 1 to Feb. 28 Clean Street Rr ... Feb. Jan. 1 to Feb. 28 Twin City Rap.Tr.b. Feb. Jan. 1 to Feb. 28 18,986 37,978 4,343 217,989 3,154 202.622 Net Earnings. Oun-ent Previouf » ^ , Previous Tear. Tear. Tear. 54,021 118,588 1,328 2.768 4,273 140,150 296,876 7.244 14,489 16,358 130.637 274.219 6,192 12.659 18,986 55.82S 119.278 2.092 3,872 4,519 12,248 25,446 67,690 110.052 218,895 3,377 7,098 200,226 420,331 8,718 19,472 55.391 106,284 215,338 3,157 6,446 178,829 367,838 2,726 def. 1,939 def. 649 5,519 5,768 17,010 46,580 43,265 84,S67 90,552 1,067 1,301 2.504 3,072 92,304 100,876 184,190 2o6,133 Interest Charges and Surplus.— The following Street railways, in addition to their gross and net earnings given in the foregoing, also report charges for interest, &c., with the sm-plus or deficit above or below those charges. -Tnt., rentals, die. Current Roads. Atlanta Ry.& row.. Feb. Jan. 1 to Feb. 28 Twin City Rapid Tr. Feb Jan. 1 to Feb. 28 — ,—Bal. of Net Earns.- Tear. $ 11,542 23.081 71.033 142,505 Previous Tear. $ def. 1.191 Current Previous Tear. 16,358 47,795 LXX. Tear, $ 10.463 20,926 67.529 133,975 it$ 2,120 5,280 29,843 63,628 490 24.775 50,215 UAL REPORTS. . . Niag. Falls & — Sua- pens'n B'dge Ry. Niag. Falls Whirlpool <fe North'n, .. Niag. Falls Park & River Nia. Falls Susp'n Bridge Lewiet'nOonn.Bdg. Total & Nov'mber. 5,637 Nov'mber. 267 Nov'mber. 757 . Nov'mber. 1,946 115 Nov'mber. December. 221,083 Interstate Cousol. of North Attlehoro.... February 12,248 . 12,554 Kingston City Ry February 3,815 Lebanon Val. St. Ry.. January .. 4,445 Lehigh Traction February 8 084 Lima Railway (Ohio) January .. 3,663 Lorain 81. Railway.. J anuary . 7,999 Lorain & Cleve February . 6,139 L03 Angeles Railway Nov'mber. 66,673 Los Angeles Tract.. December. 16,041 Macon Consol. St.Ry. Nov'mber. 5,688 Mass. Eleo. Co.'s January .. 315.462 Metro. (Elev.)Chicago January .. 137.80e Metrop. St. Ry.(N.Y.) February 1043984 Montreal Street Ry.. February 122,510 Muscatine St. Ry February 5,554 Newburg St. Ry February 5.196 New Castle Traction. February 8,059 New London St. Ry February 2 679 New Orleau s City February 110.052 North Chicago St. Ry. February 219,967 Northern Ohio Tract February . 26,775 Norwalk Tramway January .. 3,774 Norwich St. Ry February 6,0^6 Ogdensburg St. Ry.. February 1,187 Glean St. Ry February 3,377 Omaha & Coun. Bluff Ry. & Bridge January .. 16,603 Richmond Traction. January .. 12,t60 Schuylkill Val. Trao. January .. 4,882 Scranton Railwav .. February 31,097 S.SldeElev. (Chic.).. January 107,731 Staten Island Eleo December. 13,035 Syracuse Rax).Tr Ry Oeeember. 53,266 Toledo Traction October... 89,421 Toronto Ry January .. 113,703 Twin City Rap. Tran February 200,226 Union (N. Bedford).. February 16,109 United P. & Transp.. February Itic, 36, Johnstown Pass. Ry. February . . . . . . . . . United Traction— > February United Tract. (Pitta.) February United Tract. (Prov.) Febiuary Albany City $ Unit. Trao. (Reading) West Chicago St. Annual Reports. The following is an index to all annual reports of steam railroads, street railways and miscellaneous companies which have been published since the last editions of the Investors' and Street Railway Supplements. This index does not include reports in to-day's Chronicle. Railroads & Miscell. Companies. Railroads & Miscell. Co.'s— (Con.) Volume 70— Page. Volume 70— Page, Amer. Cereal.. baL sTieet Dec31, '9». 478 Hunt.Broad Top Mt. RR. & Coal. 380 Amer. Dist. Teleg. Co. of N. 7 22H Lehigh Coal & Navigation 428 Amer.Maltine... rep. of invest, com. 478 Marsden &Co 381 American Radiator 427 530 Mexican Central Amer. Screw 325, S8') Missouri Pacific 527 Amer. Steel & wire Co. of N.J... 328 Mobile &Ohio 277 . January .. Ry. February 8,718 9,621 3,706 3,412 6,989 3,419 6,-60 4 730 25,446 25,97 7,y84 4,4 45 16,840 3.663 7,999 10,732 ( 63,753 12,322 163,192 6,433 280.760 815.462 112 124 137,806 830,508 2,206.336 113838 258 596 4,75 3,729 5,654 2,497 11,685 106 284 20iJ.18- 23,812 3,347 4.804 1,094 3,157 12,553 10,031 4.142 24,96b 93,579 12.598 41,295 80.774 95,690 178,529 14,16s 482 89,846 83,532 127,231 106,756 155,703 125,560 16,895 12,877 300,625 280,708 10,9 8 I 16,595 5,617 218.895 466,745 55,617 3.774 12,367 2,467 7,098 19.472 20,217 7,968 3,412 15,321 3,419 6,760 9.793 Cana lian 280,760 112,124 ,875,057 239.114 9.815 8,617 11,826 5 698 215 338 427,7' 6 47,947 3,347 10,751 2,276 6,446 12,553 10,031 4.142 55,209 93,579 203 941 20 1,720 458,643 509,358 113.703 420 331 95,690 367,83S 29.605 35,091 Ine 69, 996 180.396 182,705 268,470 226.346 15,895 640.868 ending Dec. -M.lSiii) Atlantic Coast Line RR. of Va Atlanta Knozville & Northern Baltimore & Ohio Southwest Bell Teleph. Co. of Canada Borax Consolidated, Lim Bos. & Mon.Con.Cop. & Sil.Min.Co. Cambria Steel 111,963 16,603 12.660 4,882 64,785 107.73 I . American Straw Board 278 Amer. Thread... application to list. 179 Asphalt Co. of America period 12,877 587,848 1 These figures include results on Brooklyn Heights, Brooklyn Elevated and Nassau RR. for all periods, but the Kings County Elevated Is Included only for October and November. Pacific 325. 526, Centril KR. of New Jersey Central Union Telephone Chattanooga Rome & Southern... Chicago Breweries, Limited ChlcJunc.Kys.&Un.Stock Tds,278. Chicago Telephone Choctaw Oklahoma & Gulf Cleveland Lorain & Wheeling Commercial Cable Consolidation Coal Delaware & Hudoon Co Delaware Lack. & West. RR....380, Diamond Match Electi ic Storage Battery Federal Steel Fort Worth & Denver City Fowler Bros.. Limited 530 325 427 325 428 630 531 175 535 378 175 628 325 379 326 174 227 479 278 379 477 278 175 326 326 324, 380 New York Chicago* Louis.... 227 Penn. Furnace. fc'iUheet Jan.1,1900. 229 PenuNylvania 476. 484 People's Gas L.& Coke Co. of Chic. 32« St. RR Philadelphia ,& 427 Erie Pillsbury-Washburn Flour Mills Co. Lim 22fl Pittsburg Plate Glass hal. sheet Drc.3l.lSm Quincy Mining Henublic Iron & 327 381 Steel.oMcial state. 2ii8 Rubber Goods Manulacturing. 327 St. Louis Vandalia & Terre Haute. 629 477 San Antonio & Aransas Pass Southern N. E. Telephone 381 174 Swift & Co Terminal RR. Ass'n of St. Louis.. 529 428 Union Switch & Signal United States Leather 428 United States Oil 327 U.S. Pneumatic Horse Collar.... balance sheet "ec. ol, 18»9 United States Printing Western Mary land 229 479- 414, 478 fiSS Street Railways. 326 (107nos.).228, 278 General Chemical. 325 Gila Valley Globe & Northern Grand Trunk Houston & Texas Central 326 National Biscuit National Lead Northern Central 4'.'6 427 Volwme 70 Page, Orleans City RR 530 Third Av.RR.(N.Y.). report o/recr. 529 Twin City Rapid Transit 427 New Cumberland Yalley RR. f Report for the year ending Dec. 31, 1899.) President Thomas B. Kennedy remarks that the excellent condition in waich the property has been maintained and the favorable results of the operations of the year are matters of congratulation. The results for 1899 compare as follows : EARNINGS, EXPENSES AND BALANCE SHEET. 1899. Passenger earnings Freighf. Mail, express, etc $285,883 461,440 77,352 1897. 1898. 1896. $272,031 $301,744 $30a,471 423,920 471,616 468,663 78.817 93,294 85,262 $824,675 $774,768 $866,654 $862,395 Total earnings Street Railway Net Earain^s.— The following table gives Total expenses 529,594 611,531 593,507 635,628 the return.s of Street railway gross and net earnings received $231,168 $245,174 $255,123 $226,767 Net earnings this week. In reporting these net earnings for the street $21,640 $21,640 $21,640 $21,640 railways, we adopt the same plan as that for the steam Interest on bonds 18,954 17.842 21,268 16,904 Taxes roads—that is, we print each week all the returns received Miscellaneous 611 1,460 3,705 4,299 <?«-<'» 142,228 142,2^8 142,228 142,228 that K but once a month (on the third or the fourth Dividends (8 per cent) Saturday), we bring together all the roads furnishing re$186,596 $183,433 $185,415 $185,071 Total turns, and the latest statement of this kind will be found $44,572 $31,741 $69,709 $11,696 Surplus in the Chronicle of March 17, 1900. The next will appear GENERAL ACCOUNT DEC 31. in the issue of April 21. 1900. - Oross Earnings. Current Previous Tear. Roads. Atlanta Ry APo.b. Feb. Jan. 1 to Feb. 28 Chic. & Mllw. Eleo. Feb. Jan. 1 to Feb. 28 July 1 to Feb. 28.... 01tyEleo(Rome,Ga) Feb. 3?,434 68,684 5.639 1^,071 76,851 2,705 Jan. 1 to Feb. 28.... 5.421 Tear, , — Net Earnings. 1899. Previons Tear. Tear, * $ 1898. 25.498 54,756 2,578 5,510 13.662 28,364 1.651 3.764 42,729 9,272 21,416 1,647 3,224 348 917 13 101 103 256 11899. 1898. $ $ 241,900 241,900 24.S.000 243,000 1,292,950 1,292.950 Common stock 161,000 First mort. bonds... 161,000 1C9.500 Second mort. bonds 109.500 37,868 37,680 Divs. and interest.. Aud.vouch. Jtacc'ts. 50,569 65,741 129,579 other liabilities 61.309 69;i,231 Profit and los.s 649,484 UabiWtles— . Current Cost of road. etc.... 2,152,970 2,146,574 3S8,456 880,797 Contingent fund. 69,643 83,002 Materials on hand.. . . 1^8.905 Cash Due from agents,... 11,008 other Due from 127,871 19,221 24,058 118,846 4,152 91,543 2,959,686 2,842,363 roads Otnerassets Total assets -V. 68, p. 668. First prefer'd stock. Second pref. stock.. Total llabllltle8.2,9S9.586 2,842,363 : March J J . 5 . THE CHKONICLK 24, 1900.] Tennessee Coal Iron & Railroad Company. CFor the year ending Dec. 30, 1809 The remarks of President Baxter and Treasurer Bowron will be found at length on pages 5b8 to 593, together with the full details of the balance sheet and otner tables The new board of directors as elected at the aanual meeting March 13 is as follows the executive committee are indicated by asteiisks ; *Ja8 T. Woodward, •Albert B. Boardinan, BeDJaiuin V. Tracy, »ElvertnuK. Chapman, *David J. McCoinb, *Fred. H. Beuedict, is Alfred M Shook. *Ja8. Henry Smith, N. Baxter, Jr. Jas. Bowron, B. Y. Frost. "Franfc S. Witherbee, Oliver n. Payne, *Walier 8. Gurnee, Heury 8. Manning. *Cord Mej'er William Barbour, President of the Hanover National Bank, Mr. Woodward. the chairman of the executive committee. Below is a comparative statement for four years: INCOME ACCODNT. 1P99. Total net profits.. .$1,865,705 I)educl— 577.832 Interest 76,962 MisoellaneouB 1897. 1896. $623,823 $692,333 616,434 26,974 619,830 13,928 660,084 1,186 $663,758 $661,270 $643,408 $654,794 Total 1898. $868,383 8ur.*$l,2l0,911 8ur.$224,975 Balance def.$39,933 8ur.$31,063 * A dividend of 2 per cent 18 payable May 1 on the common stock and 54 per cent on the non-assenting preferred stock. See remarks on page 687. GENEKA.L BALANCE SHEET. 1899. 1898. 1897. $ $ 1896. $ 20,902,159 20,703,255 20,704.665 20,705,591 Land account 9,243.402 Permanent investments.. 9,185,982 9,240.924 9,242,3.. Treasury stocks & bonds. Stocks <fe bonds other cos. 59,000 262,864 871,576 329.000 121,257 66i,U01 1,908,812 891,907 181,^85 254,413 Stks.otcoal.ore.iron.etc.. 338.378 1.029 662,975 82,757 15,813 1,411,260 Sundry debtors on open accounts 971,587 403,396 Cash and bills receivable. Suspense accounts Profit and loss 864,467 88,400 95,171 33,865,376 32,386,742 32,202,666 32,506,861 Total assets Liabilities 890,154 119,571 115,616 127,924 — Stock, common Stock, preferred 20,000,000 20,000,000 20,000,000 20,000,000 1,000,000 1,00 ,000 1,000,000 1,000,000 Bonds, less sinking fund. 9,07*^,419 9.17H,998 9,299,170 9,097,315 9«3.207 1,583,113 9^8,051 1,137,707 Bills payable 200,862 203,062 205,479 237,481 Int. accrued, not due. &o. 46,200 Al.S.&S.B.Co ,lnt.&div. 722,882 521.306 382,823 69.3,766 Due on open accounts. 209,98'Z 139,494 151.959 144,343 Due to employes 66,418 62,884 60,489 128,766 Reserve funds 6.701 7,321 6,278 25,091 Miscellaneous 97,051 31,062 1,307,964 Profit and loss . . .33,865,376 32,386,742 32,202,666 32,506,861 Total liabilities. 70, p. 483. —V. Cincinnati Jackson & Mackinaw Bailroad. ("Annual Statement. The reorganization plan referred to on a subsequent page gives the following results of operations for the Cincinnati MilNorthern RR, (208 miles) and the Detroit Toledo waukee RR. (133 miles), The figures for the calendar years 1898 and 1899 are estimated as regards the months of November and December the actual results are given for the fiscal years ending June 30, 1898, and June 30, 1899 Calendar years Fiscal years & Branch — New Bonds — Your company in July last commenced the construction of aline extending from the terminus of its Baton Rouge branch at Port Allen, Louisiana, up the river in the direction of Simmesport, an*-) on Dec. 15, 1899, had completed, ready for operation, 173^ miles. This line penetrates a very rich sugar country, all under cultivation, the product of which has heretol ore been shipped by the river. The cost of constructing this hne will be covered by an issue of (Port Allen) branch line bonds at the fixed rate of $12,500 per mile, a portion of which, sufficient to cover the mileage so far completed, has already been issued and deposited in your treasury. Fort Worth Terminal.— Our extensive terminal property in Fort Worth, Texas, was greatly improved during the year by the erection of a passenger station, new round house, and other structures connected therewith. The passenger station, which will also be used as a uuion depot by other roads, is built in the most substantial manner of pressed brick and stone. — Maintenance. There was purchased during the year for the maintenance of the property, and paid for in cash: 8,922 tons steel rails and fastenings, $170,671; 100 ballast cars and 1 plow car, $55,595; 2 new locomotives, $18,800; a total of $245,066. There were laid during the year 669,281 cross-ties and 218 sets switch-ties. About 650,000 cross ties will be required for the year 1900, exclusive of new construction. Ballast was placed in the track during the year on 76 miles; 3,727 lineal feet of trestling was filled at a cost of $14,149. Financial. All equipment obligations outstanding at the close of the previous year were discounted and retired at an expenditure of $223,690; your company is now entirely free from indebtedness of tbat description. Certain fire claims growing out of the destruction ot cotton at Westwego in 1894 were settled during the year for There was also expended, on account of the sink$96,437. ing fund provided for the retirement of the Eastern Division bonds, the sum of $340,000. The treasury was reimbursed for this expenjliture by the issue cf a like amount of new first mortgage 5 per cent bonds, which appear in the list of available assets in the balance sheet. Of the $73,000 old bonds outstanding at the close of the year 1893, $55,000 have been retired, leaving but $18,000 unredeemed. Statistics. The comparative statistics of operations, earnings, income account, and the general balance sheet, for four years, have been compiled for the Chronicle as below. It should be noted, however, that in 1899, to comply with the requirements of the Texas Railroad Commission, the following changes have been made in the method of accounting: Gross earnings are increased by the rentals collected from other Imes, heretofore credited direct to income account; also by the car mileage earned on foreign roads, heretofore charged as an offset for mileage paid on foreign equipment. All receipts from switching are now credited to earnings; heretofore a certain percentage was deducted from expenses. Expenses are increased by the amount paid for rentals and leased lines, while income from the same sources is credited direct to earnings. For the purpose of comparison, the figures for 1898 are, as far as possible, revised to the same basis. — — FREIGHT CAKKIED (OOOS OMITTED). ; : (Partly estimated) 1899. 1898. (Actual) 1898-99. 1897-98. $835,446 $798,428 $78^.027 $788,472 677,360 773,952 702,743 693,413 Gross earnings. Operating expenses Net earnings Taxes ..$158,086 $33,192 46,629 50,306 33,120 28,765 Kentals Interest, bills payable Air-brakes and couplers Cincinnati terminals Debts, Drake, Reo $24,476 $33,596 58,801 22,398 $89,614 $32,415 46,781 47.776 452 13,849 24,695 2,114 12,162 $85,729 $31,610 61,298 4.745 66,447 $192,012 $127,409 $167,630 $164,100 $33,926 $102,933 $78,016 $78,371 Of the net earnings, $158,086, for the calendar year 1899, about $118,000 was earned by the Cincinnati Northern and $40,0C0 by the D. T. N. the former road extends from Franklin, O., to Jackson, Mich., 205 miles, with branches 3 miles; and trackage, Franklin to Cincinnati, 42 m.; the latter extends from Dundee to Allegan, Mich., 133 miles; trackage, Dundee, Mich., to Toledo, 23 miles.— V. 65, p. 620. Total charges Deficit & Texas & Pacific Railway. C Report for the year ending Dec. 31, 1899.) . President George J. Gould says in part: The general prosperity in all branches of trade throughout the country during the past year is reflected in the earnings for 1899. If it had not been for this improved condition, the failure of the cotton crop in Texas and Louisiana would have been severely felt, the decrease in revenue from that source alone compared with the previous year being $4;58,9,S6. Gross earninais show an iocrease of $293,682, or Z% per cent, and net earnings an increase of $152,281, or 153^ per cent. The decrease in cotton, and the large increase in grain, lumber and other lowclass freight resulted in a decrease in the rate per ton per mile from 1*13 cents to 102 cents, a decrease of 11-100 per ton per mile. The average number of tons per freight train, excluding the company's supplies, etc., was 169 in 1899, against 152 in 1898 and 165 in 1897. 681 Live Total Tear. 1899 1898 1897 1896. ... 1895 Manuf. tons. Liim her. stock. Grain. 2,607 2,360 2,367 1,875 1,929 411 110 137 1'7 167 422 272 522 287 217 32 H 279 238 267 162 Cotton. Coal. (£Merc/i 107 289 232 179 175 202 18rt 179 135 120 591 507 480 395 478 OPERATIONS AND FISCAL RESULTS. 1899. 1,507 Miles operated 1898. 1,499 1897. 1,499 OperationsPassengers carried 1,304,868 1,206,162 1,004,870 Passenger mileage 7>^,892,315 74,261,323 58,738,584 Pate per passenger per mile.. 238 ots. 2*38 ots. 2*48 cts. Freight (tons) moved 2,606,980 2,859,872 2,366,689 Freight (tons) mileage 562,534,762 512,005,537 548,323,830 1-13 cts. Average rate per ton per mile. 1-02 ots. 104 cts. Transportation receipts Freight $5,744,743 $5,768,602 $5,685,170 Passenger 1,878,086 1,768,772 1.463,628 Mall 265,081 254.792 243,990 Express 151,038 144,000 144,000 Miscellaneous 261,237 70,338 51,860 — $8,300,186 $8,006,504 $7,538,649 $1,397,827 883,162 3,2f4,756 283,121 $1,401,894 835,434 260,694 $1,364,228 8)4,09Z 3.097,544 197,139 Total (exolud'g taxes) $5,848,866 $5,707,465 $5,473,003 Per centot expenses to earn. Net earnings from operation. 70-47% 71-29% $2,451,320 $2,299,039 Total, Transportation expenses— Maint. of way and structures. Maintenance of equipment. .. Conducting transportation.. General expenses i 3,209,44 4 71-34% $2,115,646 INCOME ACCOUNT FOB 1899.* Receipts— Net earnings Other receipts Disbursements $2,451,320 130,575 — Interest on bonds $1,283,965 Bet'ments, equip., &o.. 505,265 Westwego fire suit 96,437 Taxes Total income Balance $2,581,895 249,344 Total dlsbursem'ts.. $2,134,911 *Sur. $446,984 * Changes in the methods of compiling the accounts to comply with requirements of Texas Railroad Commiision make a comparison with previous years impracticable; the final results, however, were as follows: In 1898, sur. $31,151; in '97, sur. $447,969; In '96, def, $6,011. ; — JJ . . THE CHRONICLE. 582 GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAK. 1899. $ ~~ Assets RR.,b'ld'g8, eq.,&o.. 80,855,337 N. O. Pac. RR. stock 6,712,500 , Bonds owned a5,736,035 192,411 138,734 Gordon Coal mine 337,222 Materials, fuel, etc.. 731,420 Cash on hand 605,251 Due from agents, &c 37,9S7 Land notes rece'ble. 134,398 MiBcel. accounts & Den. Pac. sub. Ry . 1897. lg96. $ $ $ 95,363,057 (Balance Sheet of Jan. 94,930,616 95,343,296 LXX. [Vol. International Silver Company. 1898. 80,695,462 80,560,972 80,636.361 6,712,600 6,712,500 6.712,500 5,779,962 .5,755,071 6,538,833 140,464 157,735 176,808 138,015 138,'J22 138,527 191,468 230,668 281,219 148,972 695,442 751,919 924,623 876.294 844,346 81,443 63,724 73,615 176,i:08 152,668 149,827 95,481,295 Total assets Liabililies— Canltal stock — : . 38,720,280 38,712,300 38,710,900 38,710,900 b53,801,426 53,986,498 54,218,008 54,220,708 102,104 24,959 249,499 Equip, obligations 471,893 64 3,008 669,358 680,434 Voucb. & pay-polls.. 221,764 227,659 237,687 24 6,302 Int. due and accrued. 228,647 96,195 53,994 132,149 Otlier accounts 974,600 1,422,569 1,453,721 1,900,704 Income account At the annual meeting the following balance sheet 31, 19L0.J of the stockholders on Thursday was made BALANCE SHEET JAN. public: 31. 1900. Assets— Plant Liabilities — Pref. stock Supplies, etc Common $16,140,252 3,657,945 Other Investments 319,524 IstM. bonds intreas'y 118,000 Cash 391,629 Accounts and notes receivable 1,662,911 $5,111,500 9,890,000 3,900,000 stock First mortgage Holmes GO Edwards Accts. <& 127,600 1,266,145 1,600,000 389,018 Silver Co.. & notes payable Reserve fund account Surplus Bonds, etc Total liabilities.. 95.481,295 95,363,057 Total The and retiring board were re-elected. W. board.—V. 70, p. 233. 334) 94,930,616 95,343,296 This item is not an available asset, but Is held simply to protect certain rights and franchises appertaining to the line in Louisiana. $274,102, (b) Includes interest scrip, income and land grant bonds, a stock liability only. Its disposal having been provided for in the reorganixation of the company.— V. 70, p. 329, 533. National Steel Company. (a) (Report for year ending Feb. Assets— sheet of Dec. 31, 1899, as below covers, therefore, the results of operations for the first eight and one-half months of its existence. The profits for this period are stated as $3,(129,032; from this amount were paid dividends aggregating 33^ per cent on the $14,000,000 preferred stock, viz.. $490,000, leaving the surplus and undivided profits $2,539,032, as indicated in at their 28, 1900. Liabilities. etc.$49,375,510 3,617,329 Investm't in ore, coke, real estate, The balance Plant, Improvements 17, 1899. J : BALANCE SHEET FEB. (Balance Sheet of Dec. 31, 1899.) 28, 1900 The balance sheet submitted to the stockholders annual meeting on Tuesday was as follows American Steel Hoop Company. The company began operations April $22,290,264 of direstors (see V. 6S, p. J. Miller is now a member of the Total $22,290,264 officers Preferred stock stock Due on ore properties, boats, etc.[ Aug ,1900, coal properties, fur- naces and boats Inventories $1,640,491; Aug. 1, 1901, $2,239 349].. 11,058,287 3,170,5 1 Advance on ore on docks -.. Accounts receivable.. Cash 1,754,045 3,511,394 4,125,219 $27,000,000 32,000,000 Common 3,879,840 4,471,000 1,937 ,775 7,323,719 Mortgages assumed... Accounts payable Surplus the following Assets Plant, personal prop$30,770,742 erty, etc 2,685,909 Supplies, etc 101,218 Bills receivable 2,366,387 Accounts receivable. 502,688 Cash $36,426,944 Total 31, 1899. Liabdities Preferred stock Common stock Mortgage, assumed. Bills payable Accounts payable Surplus . — $14,000,000 19,000,000 25,000 240,000 622,912 2,539,032 $36,426,944 Total payable were issued in part payment on properV. 70, p. 77. purchased.— ties American Sugar Refining Company. fBalance Sheet Dec. 31, 1899 J The company, following its usual custom, has filed with the State of Massachnsetts its balance sheet of Dec. 31 as below; The A bills 1899. 1898. 1897. $ $ $ ssp,f.s^~ 36,412,652 Real estate, etc Cash and debts rec. 15,306,596 8ugar,raw& refined 20,340,609 Improvement acct companies 30,423,680 73,936,000 Canital '" nebts 21,15'/,323 43,140,770 21,778,447 13,864,207 6,618,003 31,058,142 30,347,656 28,251,435 7,395,214 Rtserve'". 102,483,537 118,150,877 116,111,416 113,652,862 Total 70, p. 73,936,000 27,530,942 12,185,920 73,936,000 73.936,000 32,987,200 31,150,525 11,227,677 11,024,890 482 D. Appleton &, Company. (Balance Sheet of Ftb. 1, 1900. As stated on a subsequent page, this company has been The balance sheet of Feb. !, placed in receiver's hands. 1900, is published as follows: BALANCE SHEET FEB. 1, 1900. Assets— $190,387 19,484 170,010 92^,648 386,000 830.000 380,000 388,500 188,000 97,000 25,C00 Cash Bills receivable. Accouuts receivable: Merchandise Accounts receivable: Instalments Manufactured stock (estimated) Plates and stock in process (estimated) Plat«8 of special books (estimated) Appleton Mfg. Co. stocks and bonds A. J. Johnson Co. stock... A. J. Johnson Co. bonds Periodicals Total Liabilities— Capital stock Surplus Bills payable Merchandise account payable Machinery Cash and debts recelvable Merchandise Patent nuhts Miscellaneous 1808. % 8 768.463 768,4,^ 2,152.815 2.238.310 2,425.810 2,821.»3:l 28,2:11,500 530,(il3 „,.„,„„ 3,113,482 2,C0i).030 28,231,500 60, p. 28. Common 1900. 1898. % ( stock... 27.931,500 27,931,E00 7,500,000 1,220,477 352,829 102,390 10,106 liabilities. 37,018,6 19 87,014,018 liabilities,. Receipts from Operating copper, etc. expenses. 31, 1899.) as follows Dividends Balanei^ Ntt earnings. siirplut paid. $2,952,099 $2,211,588 $740,511 $600,000 $140,511 2,381,389 1,862,507 518,882 480,000 38,882 2,267,341 1,835,810 431,5i>l 360,000 71.531 1,-46,188 1,377,492 368,697 360,000 8,697 1,515,173 1,113,008 402,165 400,000 2,165 ASSETS AND LIABILITIES DEC. 31. 1899. 1898. Assets— Accounts receivable, etc $691,744 $172,290 H. & C RR. stock and bonds 124.000 25,000 Lake Superior Smelting stock 132,000 132,000 Cash and accounts at mine 61,985 125,411 Suppliesat mine. 200,074 205,163 timber lands.. Wood and 297,989 288,634 Cash at Boston and copper, since sold 334,911 Tear, 1899 1898 1897 1896 1895 Total assets Liabilities— Accounts payable at mine Accounts payable at Boston Balance of assets Total aggregated $1,292,764 $17.^,142 1,034,228 $185,736 213,311 893,717 $1,493,437 $1,292,764 2S9,066 liabilities... The dividends from April $1,498,437 1888, to Dec. 28, 1899, $6,270,000.— V. 68, p. 425. 2, Pennsylvania Steel Company. " Philadelphia Financial News" supplies the following production, earnings, charges, etc. as to The STEELTON OUTPUT. 1899. 1898. 1897. 246.000 238,000 137,000 Pig and splegelelsen Bess, and open-hearth steel lngot« 366,000 340.000 259,000 141,000 132,000 110,000 Steel rails 1896. 85,000 200,C00 69,000 SPAKBOW'S rOINT OUTPUT, 1899. Total have The report of the stockholders at the recent annual meeting gave according to the Philadelphia papers the following data. The total value of shipments was $10, 291, COO as against $7,764,000 in 1898. The Steelton plant on Oct. 1, for the first time in its history, began running at its full capacity. The average price received for rails was an increase of $3 10 per The value of the work turned out from the marine and ton. dock department was $2,450,000. Debenture stock.. 7,500.00i Other "debts".,.. 1,272,674 Keserves 210,055 Balance assets over The company's reports compare iai'.032 Total assets... 37,010.810 37,014,918 -v. lAahiUties— {Report for the year ending Dec. $2,000,000 446.599 1,140.000 17,430 : 1900. Tamarack Mining Company. $3,604,029 National Wall Paper Company. (Balance Sheet of Jan. 1, 1900. The general balance sheets filed with the Massachusetts Commissioner of Corporations in 1898 and 1900 follow BALANCE SHEET JAN. 1, 1900. Assets— BuildinKS We have confirmed the statement that this surplus of $3,706,390 represents the profits of the company, allowing not only for depreciation as above, but for interest on bonds and for three quarterly dividends aggregating about $1,400,000 on the preferred stock. Deducting also the fourth quarterly dividend ($472,500) on the preferred shares, paid since Feb. 28, there remains a balance of about $3,234,000, or an amount equal to about 10 per cent on the common stock. The following were elected directors to serve for five yearS: William T. G-raham, John A. Topping and James B. Dill. {Report for year ending Dec. 31, 1899.) $3,604,029 Total $3,706,390. V. 70, p. 384. $ 37,691,871 25,582,503 22,489,384 102^483,537 118,150,877 116,111,416 113,652,862 Total —V. 1896. 37,235,545 27,563,965 22,243,224 Investm'ts in other Total $76,612.3S4 $76,612,334 stockholders' meeting directors After the the voted to revise the above by charging off $3,617,329 for depreciation, thereby reducing the total assets to $72,995,005, and on the other side of the account the surplus from $7,323,719 to Total BALANCE SHEET DEC. Pig Iron and splegelelsen Steel rails 1898. 234.CO0 187.000 213,000 148,000 — — : March — — : THE CHRONICLE. 24, 1900.J EARNINGS, CHAKGE8, ETC. 18H9. 189-. profit... $1,788,852 5860,684 Char, to prof.& Additiuns los8,etc. Interest Dividend 76,068 320,4H0 220, 117 28,239 129,683 218,08j 18H9. Total Both. , 18«8. 18»e. 789-<. |511,318df$03,983 $2,330,170 $557,701 44,924 102,733 168,223 163,940 119,992 42^,223 888,340 26,239 )29,«8-i 376,999 Sur. (s) or def. (d)..8$l,146,936s$313,9128t225,43?d$262,8938$l,372,374 8|61,0 9 -V. 69, p. t47. GENERAL INVESTMENT NEWS. RAILROADS. INCLUDING STREET ROADS. Washington.—Dividend Increased. quarterly dividend, payable in April, has been increased from oi I per cent to 1 per cent, thereby raising the rate from 3 to 4 per cent per annum.— V. 70, p. 429. Capitiil Traction Co. of — The % Charleston (S. C) Consolidated Railway Gas & Electric Earnings. -For the year ending Feb. 28, 190J, the com- Co. pany reports gross earnings of $439,921; operating expenses, $280,743; net, $159,178. The annual interest charge is $124,000.— V. 68, p. 280. Cincinnati Jackson & Mackinaw Ry. Second Modifioation of ReorganizAiion Plan. F. P. Olcott, George R. Sheldon and F. W. Whitridge, under date of March 5, announce a second modification of the plan of reorganization of Dec. 10, 1895 (V. 61, p. 1106), which was first modified Dec. 30, 1896 (sse V. 65, p. 620), The new plan provides: This company's 1. Detroit Toledo & Milwaukee RR. Co. mortgage for $1,500,000 shall be satisfied, the bond canceled and the capital stock reduced from $1,500,000 to $1,000,000, and placed in the treasury of the Cincinnati Northern. 2. Cincinnati Northern RR.— This company shall replace the securities heretofore issued by it by the following: First mortgage 5 per cent 50-year gold bonds secured by mortgage to the Central Trust Co., as trustee, on tbe line from Franklin to Jackson, and on all otber properties of — — company, except the capital stock of the Detroit & Milwaukee RR. Co. and the properties known as the Toledo the Cincinnati terminals Applicable toward discharge of $1,500,000 Central Trust Co. loan, etc. Preferred stock, 5 per cent non-cumulative 2,500,000 Issuable for 50 p. c. of the face value of the old Cincinnati Jackson & Mackinaw bonds deposited, etc. Common stock applicable to Central Trust Co. loan, etc 1,500,000 , mortgage bonds and the common stock of the may be sold by the committee for not less than $1,350,000, and the proceeds applied to the discharge of the Central Trust Co. loan of $1,000,000, and other debts or expenses. The preferred stock shall be issued to an The first Cincinnati Northern amount equal to 50 per cent of the par value of the principal of the $4,198,543 first mortgage bonds of the Cincinnati Jackson Mackinaw heretofore deposited, and shall be exchanged either for the original certificates of deposit or for the securities issued against the same under the first modification of the plan, viz., per $1,000 bond "Temporary certificates to the amount of $360 in Detroit Toledo Milwaukee RR. bonds and stock and $240 in the first mortgage bonds and $340 in the preferred stock of the Cincinnati Northern RR. The depositing shareholders of the C. J. M. will receive an amount of the new preferred stock equal to the cash assessment (3^ of 1 per cent) paid by them. The committee & : & makes the following statement All the present securities are held subject to a lien of $1,000,000 loaned to the committee by the Central Trust Co. This lo<»n is long past due, and there seems no possibility ot a sale of the securities under the existing plan for an amount sufficient to pay the same. The committee expects to arrange for a sale of the proposed $1,500,000 bonds and $1,500,000 common stock for $3,500,000 and thus to pay all the debts of both lines. This plan will leave the new company free to deal with the Cincinnati terminals and with the Detroit Toledo & Milwaukee RR., and it is believed that a sufficient sum can be realized fiom the sale of these properties to reduce materially the amount of the proposed new bonds, and thus to give the new preferred stock a substantial value. It is proposed to provide that the proceeds of sale of the terminals and of the stock of the D. T. & M. R. R. Co. shall be applied only to the reduction of the amount of the first mortgage bonds. The net current the two roads on Jan. 1, 1900, $150,000, besides which $iO,000 is needed for improvements. The earnings of the year 1900, it is estimated, will show a deficit of $50,000 after paying operating expenses, taxes, rentals, interest, etc. See statement on page liabilities of were estimated as 581.-V. 65. p. 620. Cincinnati Northern RR. Reorganization.— ^ee Cincinnati Jackson & Mackinaw Ry., above.— V. 65, p. 620. Cleveland & Pittsburg RR.— Listed.— The New York Stock Exchange has listed $3,000,000 general mortgage 33^ per cent guaranteed gold coupon bonds, series C, of 1948. Of these bonds, $125,000 were issued for betterments in 1898 and $2 841,000 for the redemption of the consolidated and sinking fund mortgage 7 per cent bonds which will mature Nov. 1, 1900.— V. 70, p. 429. Consolidated Street Ry., of Grand Rapids, WiaXx.— Control — Sold. Control of this property, which was held by the estate of the late C. R. Cumminge, has been sold to a syndicate represented, it is said, by E. W. Clark Co., of Philadelphia.— V. & 67, p. 319. Consolidated Traction Co. of Pittsburg.— Terms of Lease, —President Magee in a letter to the stockholders gives the terms of the proposed 900-year lease to the Union Traction Co. as follows in to pay all the cost of operation and all taxes, and pay to the Consolidated Traction Co. the following rental: 6 per cent per annum upon the preferred stock from April 1, 1900, to The proposition ^Steellon Plant.-^ Sparrow's Point. ManufacturiDg Deduct— 583 in addition April 1 , 1906, thereafter 7 per cent per annum during the continuance of the lease. Upon the common stock, 2 per cent per annum for two years; then three per cent per annum for three years; then 3»fl per cent per annum for two years; then 4 per cent per annum during the balance of the lease. The Union Traction Co. will also pay in May, 1900, the dividends accumulated upon the preferred stock, amouniiug to $3 per share. See Union Traction Co. below.— V. 70, p. 480. Valley & Kingston Uy.— Independent Coal Line Injunction.— la Milford, Penn., on March 19, at the March term of the Pike County Court, Judge Purdy made permanent the prelimioary injunction restraining the Erie Railroad Co. from interfering with the use of the abandoned Delaware & Hudson Canal for the purpose of this proposed new railroad, to be constructed in the interest of the Pennsylvania Coal Co., as an independent outSee V. 69, p. 1061, 1103.— let for anthracite to tide water. V. 70, p. 230. — Delaware lermanent Detroit Street RailweLja.— Favorable Decision.— At DaMich., on March 19, Jadge Swan, in the United States District Court, rendered a decision denying the validity of the ordinance passed in August, 1899, by the City Council, requiring the street railway companies to sell eight tickets for a quarter. The Judge says "To enforce this ordinance would be an act not of regulation but of The police power includes the general management as respoliation. gards the protection of life and property and the accommodation of troit, : the public, but the Legislature itself could not affect the fares agreed upon. It might be for the welfare of the public that the fares should be abolished altogether, but that would be confiscation and could not be tolerated." The older ordinances provided that rates of fare " not exceeding 5 cents " might be charged, and the city accordingly claimed the right to fix the rates at "reasonable" figures. The Court holds that these ordinances permit 5-cent tares, and that this privilege cannot be annulled. V. 69, p. 695. — — Detroit Toledo & Milwaukee UB,.— Reorganization. See Cincinnati Jackson & Mackinaw Ry., above.— V. 66, p. 1089. Duluth & New Orleans RR.-Mor^gfagfe.— The company has made a mortgage for $2,500,000 to the International Trust Co. of Boston, as trustee, to provide means for construction, etc. The company was incorporated some time since in Iowa. Contracts, it is asserted, have been awarded for 85 miles of rails. The road is projected to run from D(?8 Moines, la., The bonds are 30-year to Mason City and Odage, 150 miles. gold 5s, interest payable March and September. The company's officials state that the right of way has been secured and over $300,000 subsidies pledged, more than $1,000,000 of the bonds being already underwritten, and that the road will connect with seventeen trunk lines. The officers are: President, S. V. Wardall; Secretary, E, M, Wardall; Treasurer, H, A. Wardall; Attorneys, Funston & Gilford, all of Nevada, la. John H. Spring, of 177 Broadway, New York, is VicePresident. The principal office is at Nevada, la. Evansrille & Terre Haute KR. Dividend Increased. The following is an official statement: " The last dividend on the common stock, the first on that stock for many years, was an annual dividend from the earnings of the fiscal year ending June 30, 1899. The directore, believing that they are warranted in declaring semi-annual dividends on the common stock, have declared a dividend of IJ^ per cent out of tbe earnings of the road for the six months ending Dec. 31, lb99, which is at the rate of 3 per cent per annum, or 1 per cent increase in the dividend rate over the rate of last year. The net earnings for the six months ending Dec. 31, 1899, amounted to $426,939. After deducting $291,194 for interest, rentals and taxes, and $64,120 for the full annual dividend of 5 per cent on the preferred stock, there remains a balance of $71,625, out of which will be paid the dividend on the common stock, amounting to $59,950, leaving a final balance — of $11,675. The policy of making considerable outlay for permanent betterments is continued."— V. 70, p, 279. Fitchburg RB,.— Injunction Denied.— At Boston on March 20 Judge Colt of the United States Circuit Court denied the petition of Dr. W. Seward Webb et al. for a temporary injunction to restrain the making of the proposed lease of the Fitchburg RR. to the Boston Maine RR. In reply to a statement from President Tuttle of the last-named road. Dr. Webb asserts that the Fitchburg could easily earn more than the proposed 5 per cent guaranteed dividend. Dr. Webb is a director of the Rutland RR. and also of the Fitchburg. Lease Ratified. The stockholders of the Fitchburg RR. on Thursday ratified the proposed lease of the road to the Boston & Maine by a vote in favor of the lease of 52,265 shares of common stock and 93,412 shares of preferred stock. Total, 145,677 shares opposed, 23,447 shares of preferred & — ; stock.— V. 70, p. 429, 328. Fort Wayne Terre Haute & Southwestern HR.— Foreclosure Sa/e.— Regarding the sale at Carbon, Ind., on Match 14, a dispatch to the St. Louis "Globe Democrat" says: Harry Crawford of the Midland [Chicago & Southeastern Ry.] bought that section lying between the Big Four, Carbon and Bridgeton Junction for $30,000, and also the rails taken up on the Mansfield switch at $26 30 per ton. The spikes and bolts from the switch were sold as old iroo to Mr. Skinner at *i5 per ton. The right of way from Bridgeton to Mansfield was sold to Mr. Johnson on behalf of the farmers for $850 —V. 70, p. 328. Illinois Central RR.-Chicago-St. Louis Line.— See St. Louis Peoria & Northern Ry. below.— Y. 70, p. 532,230. Indianapolis & Greenfield Rapid Transit Co.—Mortgage. The company has made a mortgage for $150,000 to the Sav- — — — — — THE CHKONK^LE. 5S4 & inga Tiust Co. of Cleveland, Ohio, trustees, to provide for improvements. and L. W. Prior, as — LXX. [Vol. Avenue Company to repre;ent the new interests, as also other facts, are given below.— V. 70, p 480, 881, Montreal Street Rj.—New Stock. The shareholders have authorized the issue of $1,000,000 new stock, to reimburse the treasury for capital expenditures and provide for further extensions, power-plant, rolling-stock, etc.— V. 70, p 480. — Kansas City & Northern Connecting 'RR.— Foreclosure — The G-aardian Trust Co, and the Provident Life & Trust Co., as trustees under the two mortgages, have brought suits for foreclosure. The property was placed in receivers' hands last January.— V. 70. p. 39. Norfolk Portsmouth & Newport News Ry. Mortgage for Kansas City Pittsburg & Golf RR.—Sold —At the fore- $1,000,000. — This new consolidated company has made a closure sale in Joplin, Mo., oq March 19, the property was mortgage for Si, 000,000 to the Fidelity & Deposit Co. of Baltpurchased by Silas W. Pettit, counsel of the reorganization committee, for $12,500,000, the upset price. Tbere were no other bids. The successor company the Kansas City South em Ry. it is expected, will take pofseesion April 1. The reorganization p'an is outlined in the Investors' Supplement Substantially all the bonds of the old company have been deposited only $73,000, it is eaid, remain una? senting. Sale Conftmied. On Tuesday the sale was connrnied by judges Thayer and Phillips, in the Federal Court st Kansas City. The Arkansas Construction Co. was denied the right to file a petition to intervene in the receivership case, but its attorney, it is said, will appear to the United States Supreme Court. The claim of the construction company on account of construction is stated as about $2,500,000—V. 70, p. 429. — — ; — Kansas City & Southern Rj,— Incorporated. This Cj. was incorporated at Jefferson City, Mo., on March 20, as successor of the old Kansas City Pittsbnrg & Gulf RR., sold under foreclosure, as stated above. Incorporators: John W. Gates, Max Pam, W. Edenborn and .John J. Mitchell, of Chicago; E. H. Harriman and Otto H. Kdhn. of New York; James Hopkias, Alfred Clitfard and Julius S Wal^h. of St. Louis; Silas W. Pettit and William F. Harri^y, of Philadelphia; Isaac L. Elwood, of Di Kalb, 111,, and John Lambert, of Joliet, m. The new company will create, per plan in V. 69, p. 1013, 1063, common stock, $30, Of 0,000; preferred 4 per cent stock, $21,000,0C0, and $30,000,000 first mortgage gold 50-year 3 per cent bonds. Of the last named about $3,800,000 will remain in the tre^^sury. - V. 70, p. 429, 280. Long Island RR. — Atlantic Avenue Improvement. — If the consent of the Legislature can be obtained, the directors propose to proceed with the improvement of Atlantic Avenue under the plans of the Atlantic Avenue Improvement Commission, as a distinct proposition from the tunnel project now in abeyance (see V. fi4, p. 83, 469). The New York Brooklyn Jersey City Rapid Transit Co. applied last week for permission to build a tunnel along the route covered by the original plan of the Long Island RR, V. 70, p. 480. & — — & Mexican National RR. Dividend on "4" Bonds. — Holdmortgage "A" bonds are entitled to a payment of 41^ per cent from the earnings of 1899 on account of past due interest. The payment will be made on presentation of coupons Nds. ^ and 6 at the National City Bank, 53 Wall Street, New York, on and after April 20, 1900. Previous payments have been: la 1898 and 1899, each 3V^ par cant; in ers of second 1897, 3 p. c; in 1896, IJ^ p. c; in 1895, 1 p. c; in 1893, 2 p. c, making, wirh the present payments, 19 per cant paid to May, 1900. The overdue interest now left tojbe paid aggregates 59 per cent.—V. 69, p. 1193. Mexican National Railway, LimiteH.— Penalty.— It is announced that afcer March 31 dppo3its of " A " and "B" bonds of the Mexican National RR. will not be received for conversion except upon a penalty of £i per $1000 "A" bond and £ per ,$1000 " B " bond in addition to the assess) ment of £1 per $1000 bond.— V. —V. 70, p. 480. trustee. Norfolk (Ya.) Railway* UghtCo.— Bonds OJerei.—Sah- scriptions will be received at par and accrued interest from 10 A, M. March 26 till 3 P. M, March 27 for $1,500,000 of this new company's tirst consolidated mortgage 50-year 5 per cent sinking fund gold bonds, due 1949, interest payable M. and N. at office of International Trast Co Baltimore, Md., trustee. The authorized issue is §4 000.000, of which reserved to retire outstanding bonds, $1,085,000; held in treasury for acquirement of additional property to be used only with consent of trustee, $1,4' 0,000; present issue, $1,515,000. John L. Williams Sons, Richmond, Va., say: This company is a consolidation, under special act of the Virginia Legislature granting valuable powers and franchises, of the following companies: Norfolk Street Railroad Co., Virginia Electric Co., Norfolk & Ocean View Ry. Co., Berkeley Electric Light <fe Power Co. . & The company controls the entire street railway, electric lighting and power business of the city of Norfolk and town of Berkley and owns a line of railway and steamers t > Old Point Comfort. The entire rroperty is In first-class physical condition. The franchises are liberal and run for long terms. The following statement or earnings is for the six months ending Nov. 1, 1899, just prior to the consolidation, which was effected Nov. 2, 1899: Gross earnings, $2i4,619; operating expenses, $136,250; net earnin.'s, $108,369. The fixed charges are: Six months' taxes, $6,086; six months' interest on entire bonds of Consolidated Co.. $65,62=; half-year's surplus of new company on above basis, $36,658. The earnings for the entire year 1900, It is estimated, will afford a surplus over all charges of $7 ^,29.^. The General Manager furtUer says that from the past experience of the properties the natural increase in gross earnings will in all probabilbe at least 10 per cent per annum. ity & Sabscriptions are being received by Middendorf, Oliver Co. and International Trust Co. in Baltimore, John L, Williams Sons in Richmond a d the Real Estate Trust Co. in Philadelphia.- V. 69, p. 1301. & Peoria & Pekin Union Rj.—New 69, p. 1193, Metropolitan Street Ry. of New York.— Control of Third Ave. RR. Acquired.— It was announced on Monday that a controlling incerest in the capital stock of the Third Avenue RR. Co. had been acquired by the Metropolitan Street Railway Co. The stock is $16,000,000, and a majority of it was acquired in the open market at prices supposed to range from 50 to 85. President Vreeland says & Company. — tion Co. See that company above. — V. A good many millions of the proposed expenditures of the Third Avenue RB. Co. can Ue saved by using the power and the plant of our company. I have made up the figures with care, and am satistied that the investment Is a good one. Of course It will require a thorough overhauling of the indebtedness to get the debts down to a sound, honest basis, Then the property, worked in coDJunotioa with ours, will carry the interest on the debt and leave something substantial for the stock. I shall ask the other stoohholders to confer with us, and we will act in harmony with the receiver. "Our new power-house at Ninety-sixth Street and the East River will supply 70,000 horsepower, and only 30,000 will be needed for our own service for some time and the rest will be ample to supply the Third Avenue Co., which was using the temporary power supplied by dynamos installed in its old cable houses with the cable engines." The receiver's report on the condition of the Third Avenue RR. was cited last week on page 529. The controlling interest of the Third Avenue RR. in its subsidiary companies is substantially all pledged for loans, but with the payment of these it will revert to the Third Avenue treasury. The new acquisition, therefore, places the Metropolitan in control of every street railway line within the limits of Manhattan Island, and of the valuable suburban lines of the Union Ry,, etc., reaching to Yonkers, New Rochelle, Mt. Vernon, etc. It is expected the system will be leased to the Metropolitan Street Railway Co. The new directors elected by the Third 70, p. 124. St. Louis Peoria & Northern Ry.—SZfi.— At the foreclosure sale in Springfield, III., on March 15 the portion of the road north of Springfield was bid in by L. L. Stanford of New York for $1,350,000, and that south of Springfield, including the properties of the Madison Coal Co by Frederick P. Voorhees of Naw York for $1,400,000. As already announced, the Narthern Division goes to the Cnicago Alton syndicate, the SoutQern Division to the Illinois Central system. The Illinois Central RR., it is stated, will discontinue St. Louis the use of the Cleveland Cincinnati Chicago tracks from Pana to East St. Louis on June 1 and will thereafter send its Chicago-St. Louis trains over the tracks of the Northern from Springfield to St. Louis. Sc. Loais Peoria , & & & V. 70, p. 3i9, 177. Seaboard Air Line Rj.—New Line Completed.— The first from Portsmouth to Columbia ran over the new line from Cheraw to Columbia on Thursday.— V. 70, p. 481, 430. Seattle Electric Co. Mortgage.— The company has made a mortgage in favor of the Boston Safe Deposit & Trust Co., train as trustee, to secure $5,000,000 5 per cent gold bonds, dated Feb. 5, 1900, and payable February 5, 1930. The 35-year franchise desired by the company was granted by the City Council on March 8. Official Statement.— ing official statement: "The company We have been favored with the follow- will operate the following companies, viz.: : " President.— E. O. Hop- & kins, receiver of the Peoria Decatur Evansville. has been elected President, to succeed George L. Bradbury, retired, and J. A. Barnard of the Peoria Eastern has been elected Vice-President.— V. 60, p. 521. Philadelphia Company of Pittsbnrg.— iSaZe of Traction The common stock of the United Traction Co. In our ad- held by the Philadelphia Co. is to be sold to the Union Trac- Nashville RR. Colled Bonds. vertising columns will be found the numbers of $279,000 general mortgage bonds of 1880 drawn for payment at 110 on June 1.— V. 70, p. 280. Louisville imore as Seattle Seattle Traction Co. West St. & North End Electric Ry. Madison St. Cable Ry. Co. Union Trunk Line. Third Steam Heat & Power Co. .te Suburban Ry. Co. St. Union Electric Co. Burke Lighting Plant. Consumers' Electric Co. "Practically none of the securities of the old companies The organization of the old is to remain outstanding. companies may not, however, be wouud up for some time, although they will all be under the control of the Seattle Electric Co. The company will operate pbout 70 miles of track. On these properties about $3,500,000 5 per cent 30-year first mortgage gold bonds will be issued out of a total The company will have authorized issue of $5,000,000. $1,200,000 of 6 per cent non-cumulative preferred stock and $5,000,000 of common stock."—V. 70, p. 231. South Moantaiu Railway & Electric Light & Power Co.— — & Rigby Engineering Co., Limited, The Hughes Receiver. of Philadelphia, judgment creditors, filed a bill for a receiver in the Equity Court at Hagerstown, Md., on March 2. The road, long since abandoned when only partly built, was to extend from Boonsboro to Keedysville, in Washington County, Md. The plaintiffs ask that the stockholders pay for their stock be required to pay up. failed to who — March , THE CHRONICLE. 24. 1900.J 585 only 17 of the companies are taken into account, because 12 of the 29 are located in the South and have no fall shipment. Since many of next spring's expenses have already been paid out of these earnings, and since the 22 original companies during the five years previous to consolidation earned annually only $1,419,879, this increase in net earnings is highly satisfactory."— V. 70, p. 39. Staten Island Rapid Transit Rj.— Motion Denied.— The motion made by Robert L. Cutting: for leave to inspect the books of the Baltimore & Ohio RR. Co., in connection with the affairs of the Staten Island Rapid Transit RR., has been denied by Justice Jenks of the Supreme Court, sitting in Brooklyn— V. 69. p. 956. Third Avenue RR. of New York— Controlling Interest in Stock Acquit el by Metropolitan Street Railway.— A sudden rise in the price of the company's capital stock from 663-< to 853^ was caused on Monday by the purchase in the open market, in the interest of the Metropolitan Street Railway, of a majority of the $16,000,000 issue. President Hart's stock, it is stated, has not been sold, but is still being carried for him. The road will continue in receiver's hands pending a settle- American Bell Telephone Co.— Exchange of $100 Stock for $200 Stock of Long-Distance Company.— The shareholders will vote at the annual meeting March 27 on a proposition to transfer the real estate and other property of the company, except the stock of the American Telephone & Telegraph Co., to the latter company, and to distribute the shares of that corporation to the amount of $300 in exchange for each ment of the large floating debt. It is expected that the iJlOO of the outstanding stock ($25,8S6,300) of the American claims proved valid will be funded into a low-interest bond, Bell Company. President John E. Hudson in a circular saye: Co.) probably guaranteed by the Metropolitan as stockholder and The American Telephone & Telegraph Co. (the Lonjr-DlstancesUth lessee of the Third Avenue system. was organized under the olroumstanoes set forth in the fifth aud cities, for building lines of connection between large New Officers.— On Wednesday H. H. Vreeland, President annual reportsconnecting tbe tnrrltories of our several licensees. Enof the Metropolitan Street Railway Co., was elected Presi- substantially couraged by the growthof itsbu8iness,theLoDg-Dl8tanceComDany exdent of the Third Avenue RR. Co. in place of A. J. Eiias. tended its lines until they now connect almost all the larue cities of Omaha and Kansas City. The board of directors as reorganized follows (New direc- and towns in the United States lying east increased correspondingly. In been has company the of capital The tors) Grant B. Schley, Walter S. Johnston, Edward M. Burgihe development of the business it was necessary that the Long-Dishard, William C. Whitney, Thomas F. Ryan, John D. Crim- tance Company become the owner of shares of the capital stock of mins, H. H. Vreeland; old directors retained, Henry Hart, many of our licensees. These holdings constantly increased until It all the stocks and bonds of our licensees held A. J. Elias, Edward Lauterbach, Samuel S. Riker, Henry was thought wise that and the Long-Dietance Company should be under : Iden, Charles Remsen. — Master to Determine Claims, Arthur H, Masten, of the law firm of Masten & Nichols, of 49 Wall Street, has been appointed by Judge Lacombe of tbe United States Circuit Court to be standing master in the suit of the Old Colony Trust Co. against the Third Avenue RR. Co. He is author- ized to consider the advisability of the issuance of receiver's certificates. All claims must be presented to the master by May 20. Receiver Grant must file his accounts with the master by May 1 and monthly thereafter. Temporary Receiver for Boulevard Line. Judge Lacombe, of the United States Circuit Court, at the request of tbe Lorain Steel Co. of Ohio, on Monday appointed Hugh J. Grant temporary receiver of the Forty-second Street Manhattanville The road, St. Nicholas Avenue Railway. two thirds of whose stock is owned by the Third Avenue Co., owes the steel company §170,594 for materials.— V. 70, — & RR p. 529, 533. Union Elevated RR. of Chicago.— D/videiid.— The company has declared a dividend of 3 per cent, payable March 26, to stock of record on that date. Last August the company paid its first dividend, namely, 4 per cent, September 1, 1899.— V. 69, p. 492. — by this company one control. The existing statutes made it necessary that conIn consequence, trol be vested in the Long-Distanoe Company. that company has (by purchase from this company) become the owner two of all the stocks and bonds of our licensees formerly held by the companies. As a result, this company, in addition to its stock in the Long- Distance Company, remained the owner only of certain patents, mlBceUaneits telephones, the contracts with our licensees and some ouE assets. _, , ^, ^ „„,, aubIt has seemed wise to transfer to the Long-Dlstance Company, this company, iect to your ratification, the above remaining assets of except its stock in the Long-Distance Company. In case of such ratiComfication the company will have the stock of the Long-Distance protecpany as its sole remaining asset. After providing adequate division tion forlts Indebtedness, the company will be able to make a Company of two shares ($200) of the stock of the Long-Dlstance your difor each share ($100) of the stock of this company, and rectors have consequently recommended to the stockiiolders tbattbey be authorized to make such distribution. It will be remembered tbat Long-Disthis company now owns substantially all the stock of the tanoe Company, ^^from ..^, . , ti „ „i,i..* this jplan. the chief There are several advantages to be derived in constock hold or among which is the power to consolidate with necting or subordinate companies, the statutes of Massachusetts prohibiting this corporation, with certain exceptions, from becoming a stockholder In any other corporation to an amount exceeding 30 per cent of the capital stock of huch other corporation, and thereby preventing this corporation from meeting the business requirements of the United States as they exist to-day.— V. 70, p. 431. American Brewing Co. of Chicago.-Soid.— The plant waa sold under foreclosure March 15 for $325,000 to T. J, Lefens . Union Traction Co. of Pittsburg. Capitalization, Etc. The Union Traction Co., which has just been incorporated to and W. C. Seipp, representing the first mortgage bondholders. combine the street railway interests of Pittsburg, will have a The amount due for principal and interest of the $276,000 understood, somecapitalization of $30,000,000, of which 20 per cent will be first mortgage bonds and for costs, it is above. The brewery called up. The Consolidated Traction Co. will be leased, see what exceeds the amount realized as of beer terms under item "Consolidated Traction." The United when operated, it is said, produced 80,000 barrels Traction Co. will be controlled through purchase of approxi- yearly.— V. 70, p. 281. all of its $17,000,000 common stock with an issue of American Ice Co.— New Acquisitions.— The company, it is $8,500,000 of 4 per cent collateral trust bonds of the Union stated, has acquired the following additional plants on the Traction Co., these bonds to be secured by deposit of the Penobscot Rivtr E. & I. K. Stetson, the Orrington Ice Co., stock in trust. Besides the common stock, the United Trac- D. Sargent's Sons, and the Arctic Ice Co., their total capaction Co. has outstanding $3,000,000 of preferred stock on ity being stated as 95,000 tons annually. which dividends of 5 per cent per annum will be guaranteed. Annual Meeting.— The annual meeting was held last week, The Monongahela Street Railway Co will be purchased after but no financial report was made public— V. 69, p. 852, 793. a period on terms not yet arranged.—V. 70, p. 533, 481. American Smelting & Rellaing Co. Dividends— The Western New York & Pennsjlvauia "SLR.- Stock Certiii- directors have declared a dividend of [% per Cf nt on the precates to be issued April S, The company's stock trust certifi- ferred stock for the quarter ending Jan. 31, 1900, and also a cates will be exchanged for certificates of the company's dividend of seven-eighteenths of 1 per cent on the preferred capital stock on April 2.— V. 70, p. 330,281. stock for the period from April 11 to April 30, lb99 both inclusive, payable April 10, 1900, to stock of record March syndiWorcester Street Railways.— OoTisoZidrtf ion. cate represented by the Old Colony Trust Co. of Boston has 26.— V. 70, p. 281, 232. obtained options on a number of street railways about Worces American Snuff Co.— O/^cens.—The officers are: Geo. W. ter and contemplates consolidating them. If suitable terms Helme, President; Jonathan Peterson, Vice-President; Otis can be made with the stockholders of the Worcester Trac- Smith, Secretary; Geo. B. Wilson, Treasurer.—V. 70, p. 533. tion Co. the owner of the Worcester Consolidated Ry. Co. American Rice Co.— Proposed Consolidation.— C F. Froththe last-named company, may also be acquired and merged. ingham of 20 Broad Street is engaged in promoting this The miles of track owned, capitalization and gross annual company, with $1,000,000 of capital stock, of which $350,000 earnings of several companies are approximately as follows to be 8 per cent preferred, to own and operate rice plantaOPTIONS REPORTED ACQUIRED. tions in Louisiana. The property, it is stated, will represent Miles. Stock. Bonds. Earnings. over 20,000 acres of rice land under cultivation, and an inWorcester & Suburban 23 $542,500 $200,000 $164,605 come for 1899 of $101,952, with an additional 16,000 acres of 65,187 Worcester & Marlboro 240,000 200,000 18 The propWorcester & Clinton 35,711 rice land held in reserve for future development. 12 150,000 115,000 None. erties, which are to be transferred to the company in fee Clinton <& Hudson (not finished) 13 .'Sl,150 125,000 mately : — — —A , : Leominster & Clinton Fitchburg & Suburban 12 5 150,000 50,000 195,000 49,000 MAT PERHAPS BE ACQUIRED PROM WORCESTER TRACTION 50,266 22,596 CO. Worcester Consolidated 53 $850,000 $840,000 $610,153 Control of a majority of the shares of the Worcester & Suburban and Worcester & Marlboro it is understood has been acquired at $105 and $100 respectively per share, less a small commission, the minority interest to be purchaeed on the same basis.— V. 70, p. 231, 177. INDUSTRIAL. GAS AND MISCELLANEOUS. — The earnings (2) Planters' canal (near Iowa Sta6,000 acres of rice land. It Is not quite completed, and only 3,000 acres were irriaated in 1899, the income from which in 1899 was $12,250; (3) Calcasieu water plant, near Lake Arthur, irrigating 6,000 acres of rice land, income In laya, $24,000; (4) Live Oak Plantation, near Lake Arthur, 7,224 acres of rice land, of which 5,000 cultivated, thoroughly equipped with its own irrigating works and accessories. Income in 1S99, $57,500; (o) Ib.OUO acres of virgin rice land near Grand Lake. Charles. Income in 1899, $8,202; tion), projected to irrigate Each a West Virginia corporation. offered now preferred subscriber to one share of the $200,000 receives: Preferred non-cumulative (one share) $10 and common stock (half of a shaie) $5. American Spirits Manufacturing Co.— To Inspict Books. —Justice Jenks, of the Supreme Court, has granted the application of Bert Reiss, of Brooklyn, as stockholder, for a The company American Agricultural Chemical Co.— Report for First Half-Year. Tde report made at tbe annual meeting in New London on March 14 by Secretary Henry L. Dudley for the first fix months of the company's existence eays: "After deducting the total running expenses of the 29 companies, 17 concerns show net earnings of $1,045,529. simple, free and clear, are: Charles), irri(1) Irrigating plant at "Cloe" (near the City of Lake gating 2,000 acres: represents an investment of $50,000: includes the ownership of 1,000 acres practically in suburbs of City of Lake of is — — : — THE CHRONICLE. 586 mandamus to compel the company to permit an inspection books, on the ground that the business is being mismanaged.— V. 69, p. 227. [Vol. LXX. Hatch battery is accordingly enjoined. The Brush patent is described as covering all batteries composed of "a plate or suitable support primarily coated or combined with American Telephone* Telegraph (Bell) Co.— Exchange mechanically applied oxide of lead or equivalent lead comof Stock.— See American Bell Tel. Co. above.— V. 70, p. 232. pound." These are claimed to be essential features of every D. Appleton & Co.— Receiver.— Justice Bischoff, of the Su- modern storage battery. Annual Meeting. The statement for the calendar year as preme Court, on Thursday appointed J. Hampden Dougherty receiver for this publishing house in a suit brought by presented to the annual meeting on Thursday is reported as Daniel Pritchard, a stockholder, who alleges that the cor- follows: Gross shipments, $2,122,679, against $1,163,584 in 1898; net profits from manufacturing after deducting interporation is insolvent. Liabilities are stated as $1,100,000. The company was incorporated in 1897 capital stock $2,- est on bonds, etc., $609,085, against $260,151; add income 000,000. The reorganization committee consists of James G. from royalties and investments, $315,438, against $39,519; Cannon, A. D. Juilliard, Edmund C. Converse, Warner Van net income, $924,523 in 1899, against $299,670 in 1898.— V. 70, Norden and Charles Hathaway, Pending the preparation of p. 175. Electric Vehicle Co.— Dividend.— The company has dethe plan, creditors are invited to file with the Secretary of the committee, at No. 14 Nassau Street, a statement of their clared a dividend of 2 per cent on the preferred stock, payable April 15. The last dividend on the preferred stock was respective claims. 8 ner cent, paid in April, 18i)9. During 1899. also, 8 per cent The company in a statement to the creditors says: The present situation is owing, not to undue business risks nor to (2 per cent quarterly) was paid on the common stock. The n-ade losses but mainly to the fact that through the extension of our resolution regarding the present dividend on the preferred business on the instalment contract basis (which contracts amount to shares did not call it quarterly, and the officials will not fully $900,000 now outstanding and In due course collectible), our commit themselves regarding the period for which It was capital has become inadequate to meet our maturities, and we are unable to meet our obligations. You will find, however, a very valuable declared.— V. 69, p. 850. and money-making property (if adequate capital be provided), a busi(J. A.) Fay & Eagan Co. Dividends. The quarterly diviaess and good- will of great value, and all unmortgaged and unpledged. dend of 13^ per cent was payable Feb. 13 on the $1,000,000 The balance sheet of Feb. 1, 1900, is given under the of 7 per cent preferred stock, and at the same time an extra heading "Annual Reports." 1^ per cent was paid on account of the accumulated diviBell Telephone Co. of Philadelphia.- iVew Stock.— The dends. At" the next quarterly distribution it is expected to shareholders on March 20 approved the proposition to in- pay another instalment of the deferred dividends. The crease the capital stock from $4,000,000 to $6,000,000. Tte common stock of $1,000,000 has paid no dividends. The par company's stockholders will be allowed to subscriba pro value of shares is $100. The company was organized in 1893 rata at par ($50 per share) for $1,000,000 of the new issue, pay- under the laws of West Virginia to manufacture woodments to be made May 20, July 20 and Sept. 20.— V. 69, p. 1303. working machinery. There are outstanding -5500.000 of 6 per BIgelow Carpet Co.—Mortgage.— This consolidated com- cent first mortgage bonds due Feb. 1, 1943, but subject to pany (V. 69. p. 1195) has made a mortgage to the Boston call at 110 after Feb. 1, 1903. The extra dividend paid in SafeDeposit Trust Co., as trustee, to secure $1,250,000 of February represents the deferred dividend due in August, 1896. bonds due Jan. 1, 1910, if not previously paid.— V.;69, p. 1195. (George)Fowler& Son (Packers).— rran.-'/er of Control. Brooklyn Borough Gas Co.— At the annual meeting the —George Anderson Fowler, on account ot ill health, has following were elected directors: R. L. Austin, H. Potts, H. transferred, it is stated, his entire interest in this Kansas Wichman of Philadelphia, and Albert Seligman and J. City property to his uncle, Anderson Fowler, who also controls, it is said, the Anglo American Co. of Chicago and the Eustis of New York.— V. 68, p. 770. Carnegie Steel Co.— Settlement—Merger.— A.t a, confer- Omaha Packing Co. of Omaba. Hartford Electric Light Co.— Proposed Parchase.—The ence in Atlantic City on Wednesday an agreement was reached for a settlement of all the differences existing be- company has offered $10 uer share (par $25) for the $225,000 tween Mr. Carnegie and Mr. Frick. On the following day capital stock of the Hartford Light & Power Co., conditioned upon getting all the issue. It is understood that the larger Mr. Carnegie authorized the following statement The partners of the Carnegie Steel Co., Limited, and the stookhoM- part has already been secured. At last accounts the Light & ers of me H. O. Frick Coke Co. have agreed upon a plan of reorf:aQi- Power Co. had outstanding $150,000 of 6 per cent and $60,000 zation, vesting the ownership and control of said companies in one of 5 per cent bonds, both subject to call. V. 70, p. 282, 127. company to be incorporated under the laws of New Jersey. The elteot of the proposed reorganization will be to terminate the equity Hartford (Conn.) Light & Power Co.—-SaZe.— See Hartproceedings instituted against the Carnegie Steel Co., Limited, and ford Electric Light Co., above. the H. C. Friek Coke Co. The articles of association of th>^ Carnegie Steel Co., Limited, as a Hecker-Jones-Jewell Milling Co.— Receivers.—The apluni ted partnership organization expire by limitation April 1,1901, pointment of receivers on Feb. 24 was confirmed by Vioe'but the change contemplated will be effected before that date. All the various interests, including the H. C. Frick Coke Co., will lemaln Chancellor Pitney in Jersey City Monday. The receivership as now under Pennsylvania charters, the Steel Company taking a was opposed by Joseph A. Knox, a stockholder, and his counFennsylvania corporate charter instead of renewing its articles cf sel, Col. Hastings of New York, was given an order of appeal. limited partnership, as no charter can be obtained under the laws Counsel for holders of $141,000 bonds of the company on or i'ennsylvania under which all the various departments and interests of the Carnegie companies can be consolidated, it will be neces- Thursday brought suit in the Supreme Court of New York to ^^'^y to obtain a charter under the laws of New Jersey, which will prevent the reorganiz ttion of the United States Flour Milling enable the control of the interests concerned wherever situated, in anv Co. A similar suit is pending in Brooklyn.— V. 70, p. 432. * State or Territory of the Union. The stocks and bonds of the new corporation, instead of being ofHudson River Telephone Co. New Sfocfc— Stockholders fered to the public as once determined, are taken by the present of record on March 24 are entitled to subscribe at par to owners themselves. The basis of the corporation proposed last year $200,000 of the $1,000,QOO new stock, payment to be made in been agreed to by all the parties. The cew company absorbs has the stock of the coke company, and thus all of the coke companies' stook- two instalments of 50 per cent each, on April 16 and June -noiders become stockholders of the new concern, including Mr. 30. The right to subscribe terminates April 16. V. 70, p. Frick of sale of the its — ; — & — Whose — ' interest in the Steel Company will be thus protected. Mr. Carnegie has given President Charles H. Schwab his proxy to act as required, and Mr. Schwab will continue as the executive head •or the new company. The properties to be merged are those described by the official statement in V. 68, p. 925, together with tbe Pittsburg Steamship Company, including all of its vessels, property, etc., -eleven steamships and two barges with a carrying capacity of 1,500,000 tons per annum. Various facts of interest as to earnings, etc, will be found in V. 70, p. 330, 533. 482, 282. Illinois Car & Eqaipment Co. of Chicago.— A^ew Control. —It is understood that W. H. Patterson and A. C. and W. D. McCord have secured control of this company. The English capital is still retained, but American interests have been added, and hereafter the company is to be managed A solely in this country. working arrangement has been effected whereby a part, or all, of the specialties of McCord Co. will be manufactured at the works of the car com- & Colnmbia Construction Co.— Exchange.— Stockholders by pany.— "Railroad Gazette."—V. 67, p. 331. sendmg their shares to the Illinois Trust & Savings Bank, Illinois Electric Vehicle Transportation Co.— Reduction Chicago, with due bills attached, will now receive the certifi- of Stock. The shareholders will vote April 5 on a proposicates representing Northwestern Elevated preferred and tion to reduce the total authorized capital stock from $25,common stock. 000,000 to $2,500,000, and the par value of the shares from $100 to $10. On the $20,000,000 issued, there has been paid East Tennessee (Bell) Telephone Co.— Status.— the annual meeting at Bowling Green, Ky., on Marcb 6, Presi- in already |5 per share, or $1,000,000, and the directors will — M dent O. F. Noe), it is understood, tendered his r-signation J. A. Caldwell, President of the Cumberland Telephone Telegraph Co., was elected a director. Daring the year a line was built from Chattanooga to Tracy City and another 90 miles in length from Morristown to Bristol, Tenn. At last accounts the capital stock was $300,000 and was paying 4 per cent per annum. There are also $150,000 of first mortgage 6 per cent gold bonds of 1898. due in 1918 but subject to call in and after 1903 at 102i^. The belief is the Cumberland and (Bell interests are now in control. V. 67, p. 222. Electric Storage Battery Co.— Fa oorahle Decision.— In the United States Circuit Court of Appeals f(,r the First Circuit, at Boston, Judges Patuam, Aldrich and Brown recently handed down a decision in favor of the company in its suit against the Hatch Stoi age Battery Co. The decision upholds the decision of the Circuit Court by Judge Colt, that the Hatch batfery is an infringement of the Brush patent, owned by the Electric S orage Battery Co. The manufacture and be authorized to call the remaining $5 per share as the needs company may require. —V. 70, p. 178. and of the & & Power Co. of St. Louis. stockholders on March 10 voted unanimously to increase the capital stock from $200,000 to $1,500,000 in order, it is said, to extend the capacity of the plant from 2,000 kilowatts to 7,000 kilowatts,— V. 70, p. 331. National Shear Co. Status —On Monday, at a meeting of the creditors at the office of Referee Nathaniel A. Prentisp, at 120 Broadway, a statement, it is said, was presented showing liabilities $299,000 and assets $296,000. Receiver Peter Alexander was unanimously elected trustee, to continue the bosicess as heretofore. The factories at Newark, N. .J and Fremont, Ohio, are running, but the one at Erie is closed.- V. 70, p. 133. National Wire Corporation of New Haven, Conn.— Incorporation. This company, with $1,000,000 of authorized capital stock, has filed a certificate of incorporation at Hart- — Imperial Electric Light, Heat — Increase of Stock. , — —The March THE CHKONICLE. 34, 1900.] ford, Conn., preparatory to taking over the business of the Haven. The incorporators are National Wire Co. of Edward W. Gates, of Newton, Mass. Everett B. Webster, of Beverly, Mass., and W. E. Hitchcock and William S. Pardee, of New Haven. New ; New England Cotton Tarn Co. of New Jersey.— Proposed Transfer to Massachusetts Company. Application has been made to the Massachusetts Lee;islature for a charter for a company to be called the New England Cotton Yarn Co., which, it is proposed, shall buy the New England Cotton Yarn Co. of New Jersey. This, the officials state, is done "simply to place the company under a Massachusetts charter in order that it may have the same privileges and be subject to the restrictions, regulations and burdens which apply to similar manufacturing corporations located and doing business in Massachusetts." V. 69, p. 1196. Newport News Abattoir Co.— Receiver,— George A. Schmelz of Hampton, Va.; President James M. Curtis of Newport News; William Harrison Smith and James D. Cochrane of Philadelphia, as stockholders, on March 16, filed a petition in the United States Court at Norfolk, Va asking for the appointment of a receiver to wind up the company's affairs. The case will come up April 16. The stock has been removed from the list of the Philadelphia Stock Exchange, because, it is said, of the unsatisfactory showing made at the recent annual meeting. Many stockholders, it is said, have failed to pay their instalments in full. To the end of the fiscal year the receipts from sale of stock had aggregated only $42,000; disbursements, $26,000. Excavations for the proposed building had been made, but the ground had not been paid for.—V. 70, p. 233. New Telephone Co. of Indianapolis.— Consolidated Mortgage for $800,000,— The company, it is stated, has made a consolidated mortgage for $800,000 in favor of the Central Trust Co. and William F. Churchman, as trustees, to secure 800 five per cent bonds payable in 1920. Of the new loan $500,000 is reserved to take up at or before maturity the $500,000 of first mortgage bonds created in 1898 (but only — — , $400,000 issued to November last) the remainder is available for improvements, extensions, etc. The company, it is stated, has 4, COO subscribers and over 3.800 telepnones actually mstalled. Authorized capital stock at last accounts, Maximum rates charged: For $400,000; issued, $370,000 business. $40 for house, $24.— V. 67, p. 373. ; 5S7 having an available water shed four times company, and capable of furnishing, when properly impounded, 8,000,000 gallons daily, was acquired in December, 1897. To provide uecessary funds, the funding of the coupons from the N. Y. Suburban Water Co. bonds was entered upon and is successfully progressing. It was, thus, expected that practically the entire net revenue of the Suburban Co. after paymentof the interest on the N. Y. & Mount Vernon bonds, could be annually applied for five years in making the necessary improvements and connecting the two water systems, but it Is now found that the requirements at Mount Vernon, which la showing unusual growth, will not adm4t of any delay In furnishing the needed additional water supply, A year ago a new contract with the City of Mount Vernon for a tenyear period was entered into, under which the company was bound to make certain immediate improvements of Its system. Since the coupon-funding scheme was entered upon, expenditures aggregating »14t>,47l have been made, including nurcbase of the Mamaroneck Water Co., $65,000; new metres, extensions and improvements, $53,472; balance, miscellaneous, including payments for water during- Mamaroneck Water Co., the area of that of the parent _ the present drought, $28,000. In order to make the water supply of the Mamaroneck Water Co. available at Mount Vernon, it is necessary to provide about $350,000. This can only be done by a re-adjustment of the capitalization and a direct union of the two companies, and to that end the plan here with submitted has been prepared. The revenue for the fiscal year ending Dec. 31 will aggregate upwards of $70,000, after payment of taxes, and this revenue, from all indications, will increase from year to year. Under the proposed plan, after providing for $350,000 additional capital and a return to the contributing bondholders of their assessment paid in 1895, la new bonds, the interest charge will be $40,000 per annum, leaving a surplus available for interest upon the income bonds of over 2 per cent per annum, without reference to the certain increase of earnings in the future.— V. 65, p. 1222. Pottstown Iron Co.—Diwdend.—A dividend of 20 per cent has been declared on the outstanding first preferred stock, the first since the reorganization in ls98. The earnings are stated as follows: Year endin? Aug. 31, 1899, $i53,206; four months ending Dec. 31, 1899, $176,561.— V. 69, p. 1,015. Qnincy Quarries Co.— ConsoZidah'on.-Press reports say: After negotiations lasting a year, the consolidation of thirteen Qulncy granite quarry companies has been consummated as the Qulney Quarries Co organized under the laws of New Jersey. The company has authority to issue $1,750,000 of 5 per cent 30-year gold , March 1, 1900. The common stock will be $2,500,000, which $500,000 will be re-conveyed to the Treasurer of the company. The assets aggregate $ i,6 17,159, including 530 acres of quarry land located In Quinoy and assessed tor $1,334,500. The quarries included are: The Quinoy Quarry Co., Berry Bros John Cashman, Prout Bros., Milne & Chambers, W. R. Thomas quarry. John Fallon & Sons, Field & Weld, McKenzie & Patterson, Blue Hill quarry, Adams Temple and School Fund quarry, Lyons Granite Co. and O.T.Rogers Co. The New York selling agents will be known as the Quinoy Commercial bonds, dated of , Granite Co. Toe par value of shares is $100. It is stated that $3 )0,000 bonds and $200,000 of the stock remain available in that a similar amount of stock and bonda the treasury, New York Breweries Co.— Reorganization. The company is reserved forand erection of a central power plant and for the is distributing atnong the holders of preference shares the quarry railroad. Officers: John Svvithins, of the sum of £24,000 in full discharge of all arrears of preference an extension K. Hayward, Treasurer, and John CashPresident; James dividend, in accordance with the reorganization plan (V. 69, Manager. man, General p. 1344), and is calling in the existing preference and ordinary Rochester (N. Y.) Gas & Electric Co.— Mortgage.— The share certificates prepa^-atory to issuing the new stock certificompany has made a mortgage to the Securicy Trust Co. of cates in lieu thereof.— V. 70, p. 178. Rochester, as trustee, to secure $1,000,000 of i% per cent York i2eNew Siibarban Water Co. of Mount Yernon.— gold bonds, with interest payable March 15 and Sept. $1000 organization Plan, A committee, consisting of Charles The new bonds, it is understood, are subject to call oa 16. Bard and Costello Lippitt of Norwich, Conn,; Christian coupon day thereafter. The plant of or aoy Devries of Baltimore, Md.; Newman Erb and Frederick March 15, 1910, Genesee Paper at Lower Palls, it is stated, has been Co. the Palmer Page of New York; George Parker and Claude Bishop of London, England, has prepared a plan for the re- purchased.—V. 66, p. 617. Shove Mills of Fall River.— Bonds.—The stockholders on organization and union of this company and its proprietary 21 voted on a proposition to issue $450,000 of 5 percent March concern, the Mamaroneck Water Co. The New York Saburban Water Co. succeeded in Jane, 1895, the New York bonds secured by a mortgage on the plant. It is intended to City Suburban Water Co., foreclosed. The last-named com- first offer these bonds to stockholders for subscription and to pany was organized by Coffin & Stanton in 1893, and ab- aid them in acquiring the same a cash dividend of 25 per cent The company's capital stocu: is 8450,000, and in is proposed. sorbed the New York & Mt. Vernon Water Co. December last there were $353 250 of bills payable, the offsets The plan states the present capitalization as follows: Funded debt. Com. stock including bills receivable $13,289 and cotton, supplies, etc., ; of thd — — N. Y. Suburban Water Co $1,500,000 Merged. 205,000 *208,000 t300,000 *«101.000 owned by N. Y. Suburban Water Co. tAll owned by N. Y. Suburban Water Co. The proposed newcapitalizitionand its distribution is to be: Common stock [may be placed in voting trust for 5 years if thought best by committee] $1,500,000 To be issued in ex hanee, $for $, for or in place of the & Mt. Vernon Water underlying Mamaron eck Water Co N. Y. $l,l'^.7.fi00 63.. common stock of the N. Y. Suburban Water Co. mortgate 5 percent 50-year gold bonds J800,000 Of which to be issued In exchange for $160,000 5 fixed 0. p. interest bonds of the N. Y. Suburban Water Co [issued for assessment ia 1895] oq basis of new bonds at par for 85 per cent of face value and accrued Interest of old bonds... $I28,00D To retire the $205,000 N. Y. & Mt. Vernon Water Co. 6 p. 0. bonds taken at pir and accrued int. 215,003 To be issued in exchange for or in place of the MamarouBOk Water Co 5 p. c. bonds $ for $ 107.000 To discharge the floating debt 50,000 To provide for additional water supoly and improvements and expenses of re-adjustment.... 300,000 Second mortgage income bonds, 5 per cent non oum 1,250,000 To be Issued in exchange for $1,027,500 N.Y. Suburban Water Co. first mortgage bonds and the accrued interest, which was graduated for first five years, on basis of First $154,627. Susquehanna Iron & Steel Co.— Regulirly Listed in Philadelphia.— Hhe company's stock has been transferred from the unlisted to the listed department of the Philadelphia Stock Exchange. Dividend.— The quarterly dividend payable April 16, is 3 per cent, as against 6 per cent each in Cjtober and Dacem- 1899— V. 70, p. 234. Taxation in New York ^tAte.-Mortgage Tax Bill Killed.— At Albany on Thursday the Senate killed the mortgage tax bill, 33 members voting against it and 16 for it.— V. 70, p. ber, , dolla r for dollar. Alter $250,000 of betterments, extensions and improvements have been made and paid for from the proceeds of these bonds, additional bonds may be i.'^sued only to provide for further betterments, extensions, improvements and additions acquired or created, not exceeding the actual cost thereof, under restrictions prescribed by the committee. _ t The plan may be accomplished by consolidation, sale, merger, lease, exchange of stock or otherwise, as the re-adjustment committee may, in its discretion, determine. The Knickerbocker Trust Co. of New York is the depositary for the stock and bonds of the two companies. The committee in a circular letter say: 133. 483. Tennessee Coal Iron & RR. Co.—Dividends.— The company has declared the following dividends (1) A dividend of 2 per cent ($3 per share) on the common stock, payable May 1, 1900, at the Hanover National Bank, New York City, to stockholders of record April 20, 1900, in: cluding the common stock issued or to be issued to the holders of the preferred stock who have assented or, prior to April 20, 19L)0, may assent to exchange their preferred stock for commoa stock upon the basis of 100 shares of preferred stock for 180 shares of common stock. (2) All the dividends in arrear upon the non-assenting preferred stock to April 1, 190O, amounting in the aggregate to 54 per cent ($54 per share), payable at the same time and place to the holders of such non-assenting preferred stock of record April 20, 1900. New Directors.— At the annual meeting March 15 Henry S. Manning, of Manning, Maxwell Moore B. Y. Frost, of & Co.. & ; and Frank S. Witherbee were eltcted»directors to succeed John G. Moore, deceased Walter S Gurnee, Jr., who is in Europe, and Augustine T. The annual report ia In the reorganization of 1895 the Interest on the larger part of the Smythe, of Charleston, S. retired. mortgage debt was reduced to 2^ per cent for the first five years. No given on pages 5S8 to 593.— V. 70, p. 483, 38'^. available provision could well be made at that time for developing the water supply, then nearing its limit. To rectify this deficiency the ^PTor other Investment News see Page 592. Walter S. Gurnee, Jr., ; C THE CHRONICLE. 688 ["Vol. t.xx, tion of export sales, I have recognized that the time would come again when we would have to seek consumers of our increased output. Whenever the turn in the present tide of prosperity shall come, the pressure to market pig iron will be increased by the existence of numerous scattered furnaces, which have been resuscitated in various parts of the country under the stimulating influence of the high prices. There has, therefore, been no cesENDING present REPORT FOR THE FISCAL sation of effort on the part of the management to carry forward those arrangements to which I referred a year ago, 31, 1899. intended to relieve the Company from placing its pig iron on the market in competition with numerous sellers, many PRESIDENT'S REPORT. of them controlling limited capital and always thereTo the Stockholders of the Tennessee Coal, Iron cfc Railroad fore needy and improvident sellers at low prices. I am pleased, therefore, to report that the steel works at Ensley Company: have been successfully started. The extreme scarcity 1898 had been year Gentlemen: year ago 1 stated that the an eventful one in the history of the Company; many matters of some classes of material led to tedious and costly of great importance having been carried to successful comple- delays on the part of several of our contractors, and although the works would have started in the summer if tion, and the Company having been placed in better condithe contractors had been able to comply with their requiretion to meet the demand for increased output at lower costs; and that the year had also witnessed an upward movement ments, it was only on Nov. 30th that the open-hearth dein prices, which bore evidence of being more permanent partment'commenced operations, followed on Dec. 31st by the than any similar movement since 1892. This statement starting of the mill. The year's profits, therefore, include may very well be repeated as characterizing 1899, but re- nothing from the steel works. There has never been any quires still greater emphasis. The year has witnessed an doubt on the part of myself or colleagues as to the entire awakening of industrial life and energy throughout the feasibility of producing steel by the open-hearth basic United States, which had been more or less arrested by process from Alabama pig iron of the highest quality, and of producing it in large quantities on such terms as to make political perturbations and financial controversies for several preceding years. The result has been great scarcity of the operations commercially successful. Your subscriptions Shipbuilding Co. nearly every form of iron and steel, involving the attain- to the securities of the Alabama Steel ment of a range of prices greater than the most experienced have enabled the correctness of that belief to be adequately demonstrated. At the time of writing this report there observers ever contemplated a year ago. To a large extent this Company has been directly benefit- have been 400 heats produced at the steel works, and the ted by this movement, owing to the preparations made in average analysis to date has shown the phosphorus and sulphur in each case to be under 0'03 and the silicon to aver1898, referred to in my report of that year. The outcome of these efforts is shown by the following comparative figures: age 0"005l. These works have been the first to handle on a large scale the pouring of steel direct from the open-hearth 1898. 1899. furnace into the ingot moulds without the intervention of Coal produced 4,151,496 tons. 3,679,534 tons. ladle practice, thus saving time, money, and danger of " Coke produced 1,1«2.286 992,697 " Iron ore produced accidents. The tests of the steel thus far supplied to our 1219,181 " 1,578,442 " Pig iron produced 651,145 " 549,457 " customers have been entirely satisfactory as to physical The accomplishment of this increase has involved a very quality, and we have gone sufficiently far with the prolarge amount of labor on the part of the executive officers of duction to see assured an adequate profit to compensate the the Company and the expenditure of considerable sums of stockholders for their faith and for the use of their money. money, as shown in the Treasurer's report. The attainment of this result assures the value of a large To increase the provision of coal we have during the year asset possessed by the Tennessee Company in its ownership commenced the opening at Pratt mines of slopes Nos. 8, 9, of a majority of the stock of the Ensley Land Company. 10, and have completed at No. 6 the installation of an During the year 1899 the payment of outside creditors having endless-rope haulage system. At Blocton we have com- been completed, the property of that company was re-conmenced work on slope No. 7, and at Heniy Ellen we have veyed to it by the Trustees, and the Company has for the completed and put into operation a slope with an output of first time in its history commenced operations on a commer60fi tons per day. cial scale. There have been constructed in the town of For the increase of the supply of ore we have opened and Ensley during the year over 200 houses either by the Ensley equipped with the necessary drilling and hoisting machinery Land Company or on lots originally sold by it. two new slopes at our red ore mines at Leogusta and one at In this connection it is proper to refer to the industrial Smythe. have also installed washing machinery at the development of the town both as affecting the value of the brown ore surface or placer digging at Greeley and two land stock owned by this Company and as affording cuswashers on recently-acquired properties at Russellville. tomers both for our products and by-products. The rod To increase the supply of coke we have undertaken the mill, wire, fence and nail works of the Alabama Steel & construction at No. 3, No. 4 and No 5, Pratt slopes, of 400 Wire Company are completed and have commenced operabee-hive coke ovens, of which 108 at No. 4 slope have been tions This plant alone is expected to take within a few finished and put into operation. months 300 tons daily of the steel billets produced at our For the increased production of pig iron we have thor- works. The Birmingham Cement Company has started its oughly overhauled and practically rebuilt Oxmoor No. works at Enslej' and is consuming from 100 to 200 tons per 2 and Alice No. 2 furnaces, the latter of which is in opera- day of our blast furnace slag, and converting the same into tion, and the former is ready to go in. have also taken an excellent article of cement, which has already been tried down the blast furnace at Cowan, Tennessee, removed the with great satisfaction. The Ensley Brick Company is same, and erected it as No. 5 stack at Ensley, the saving to increasing its capacity and pressed with orders, producing be effected on the freight on materials used, and in the brick from the shale underlying our coal. These bricks are saving of administrative charges by consolidating this with better than clay bricks and are being laid for paving puran existing division, being suflBcient to amply justify this poses in the principal street of Birmingham. It is interestaction. Inis furnace will be ready for work within an- ing in this connection to draw attention to the further other month. economies practiced at Ensley in the utilizing of waste In the early part of the year my attention was directed products. The gas from Semet-Solvay coke ovens after towards the possibility of acquiring the property .of the giving up its tarry and ammoniacal contents for further Sheffield Coal, Iron Steel Company, consisting of three treatment at the by-product works is then carried in pipes large and modern blast furnaces, fully equipped, 60 acres to our steel works and used with entire success in our of city land, in the heart of the town of Sheffield, on the reheating furnaces at the mill. Tennessee River, together with 3i)l coke ovens at Jasper, There is no other location in the world where coal, coke, Alabama, and 74,000 acres of coal land situated midway be- limestone, iron ore, pig iron, steel ingots, billets, wire nails tween Sheffield and Birmingham, with two developed mines and bricks and cement for building purposes are produced in operation at Gamble, with a present daily output of 6'i0 within a circle of six miles in diameter, and as to all the tons of steam coal. Owing to the position of the Sheffield elements, except the iron ore and limestone, within a circle furnaces on the Tennessee River the competition with Bir- one mile in diameter; and this condition of things has rningham bad always been undesirable because of the fa- already attracted such great attention to Ensley that negocilities possessed by the management of that property for tiations are now pending with various parties desirous of delivering into the Central West by water below the parity entering there upon the manufacture of bridges, tin plate, of railroad rates from Birmingham After considerable bolts and nuts, steel tubes and hoops and cotton ties. In negotiation and with the approbation of the Executive addition to this, our own Directors have authorized the enCommittee I succeeded in purchasing this property for trance upon the production of steel castings by our Com$850,0(10 apart from the inventory of personal property, and pany, there being no plant of this description located in the took possession of the plant on July 1, 1899. reference to Southern States to-day, and the demand is extremely large. profit and loss account, form C, attached to the Treasurer's This foundry will be ready for work inside of three months, report, will show that this division earned in six months, and will be another item of economy, as it will run entirely July 1st to January 1st, $130,218 27, or at the rate of over 30 upon the crop ends or cuttings from the Company's bloom- TENNESSEE COAL, IRON & RAILROAD COMPANY. ANNUAL YEAR DECEMBER —A & .' We We & A per cent upon the purchase money. This would have been greater but for the fact that they had orders on their books for 57,000 tons taken at very low prices. Whilst the domestic demand for pig iron produced by the Company has been during the year insatiable, and greater than could be|8upplied, thus leading to a temporary cessa- much ing mill. The export trade has been in abeyance during the year, as we have been shipping heavily in the execution of contracts previously taken and on our books. There has been a continuous stream of inquiries throughout the year, and there has never been more pressure at any time than there is to- Mabch day. THE CHKONICLE. 24, 1900.] Requests for quotations come by every mail for coal, coke, basic, forge and foundry irons, and for steel. The domestic demand has been so urgent that it has been more Erofitable during the year to cater to it, but efforts have een made to keep in touch with our foreign customers, and within the past week an important sale has been made for delivery the latter part of this year of basic iron for Germany; and negotiations are now pending for the supply of coal to Italy and Spain. The existence of this demand is in itself a material guarantee against any early decline from the present level of prices. The importance of this demand and the importance of the facilities which exist in the Birmingham District for supplying it have attracted the favorable consideration of the United States Government through that department charged with the duty of recommending improvements in the waterways of the country. The Government engineers have surveyed the projected slack water navigation of the Warrior River up to Birmingham passing through this Company's property at Bessemer and Ensley, and the project has been pronounced feasible and recommended to Congress by the Secretary of War. The completion of this project would be of incalculable value, giving dii-ect barge transportation to ocean steamers at Mobile at low rates for heavy products in large bulk It is not too much to say that with the completion of this project, notwithstanding the distance of 268 miles by rail and 860 miles by water, of the Birmingham District from Mobile, our steam coal could successfully compete both in quality and price with the steam coals of the North of England, which have a land carriage of but 10 to 30 miles to the port of shipment. It is hard to estimate the extent of the market which would thus be open for our competition but we would have a fair chance in the coaling demand for Spain and Italy, Gibraltar, Malta and Port Said, and an equal chance for Spain and India, and a decided advantage in the West Indies, Central and South America, and should the opening of this waterway be concurrent with the construction of the Isthmian Canal to the Pacific, the coal fields of Ala bama operating along the shortest line of water carriage should control all the trade of the Pacific Coast, at least South of San Francisco. For many years this Company has owned certain rail road mileage and rolling stock which theoretically should have been of considerably value. The railroads running through Birmingham declined, however, to pro rate with us or to exchange traffic except at our terminal, so that the ownership of our railroad cost us several thousand dollars per month for operating expenses in bringing our coal trains to Birmingham, where they were taken by the connecting roads. In my Inst report brief mention was made of a sale which had then been effected. This sale was a transfer of our railroad mileage and rolling stock to the Birmingham Southern Railway, and the intention was to develop the same to a point where it might as a common carrier demand and receive its proper proportion of all the During the spring, as the result of prothrough rates. tracted negotiations on this subject, we finally sold all our interest in the Birmingham Southern Railway for a consideration which included $1.100,(!0l) in cash, a reduction for a long term of years in the rates charged on materials brought to our blast furnaces, an agreement to take our coal, coke, iron and steel at the point of production for shipment to various markets at Birmingham rates and a favorable and satisfactory contract for a term of years for the handling of switching and local business between the different works belonging to ourselves and located on those tracks. The Company is thus relieved from the previous expense, cash out of pocket paid for operating the roads, obtains the same rate of freight|from the collieries direct on outbound coal as it previously obtained from Birmingham, has its local business transacted on satisfactory terms, has the benefit of a permanent reduction in the cost of materials coming to the furnaces, and had a large sum of ready money placed at its disposal, which enabled other operations referred to in this report to be conducted with financial ease and smoothness. Amongst these I might refer to the purchase of the Sheffield furnaces, collieries, coke ovens and land, the bonds of the Lady Ensley Coal, Iron & Railway Co., the Bessemer Rolling Mill, and the construction of additional coke ovens, collieries and ore mines, and gener h1 renovation and reconstruction of blast furnaces, dealt with under their roper captions Whilst these matters could have been E nanced otherwise, yet the possession of the funds arising from the sale of the railroad has enabled us to carry these matters, not only without seeking accommodation, but during the year the Treasurer has been enabled to pay off every single obligation for borrowed money, and as shown by his report there is only one obligation, being a portion of the Sheffield purchase money, now existing other than ordinary obligations arising from the routine conduct of the business. As a sequence to the purchase of the Sheffield property, it became desirable to provide our own ore supply for that division it having an adequate amount of coal land and coke ovens, but no ore land of its own, and up to the time of our purchase its ore supply having been derived entirely from contractors. I therefore purchased several tracts of rich ore land in the Russellville districc and have had the same developed, which provides an important and increasing portion of their supply, but in aidition I thought it wise to acquire a controlling interest in the first mortgage ; , 5b9 bonds of the Lady Ensley C^al, Iron & Railway Co., which property is in the course of liquidation through the courts and for the benefit of its creditors, and embraces some of tlie richest and best brown ore tributary to the Sheffield di.strict, and at the same time available in case of need for the shipment of ore to Birmingham. With respect to the blooming mill at Ensley, it is not desirable to reduce th»' tonnage capacity of the plant by carrying down the steel to any mailer size than four-inch billets, and whilst the construction of a continuous billet mill for the i^roducti'^n of smaller sizes and for the relief cf the blooming mill has be^n under consideration from the outset, nothing has yet been don- towards its construction, and in the present s'raned condition of machinery works it would require perhats six or e ght months to obtain deliveries. Having, therefore, had the opportunity presented to us of acquiring at a bargain th« Bessemer Ro'lmg Mill, which, for lack of working capi'al, failed in the panic of lb93, and has been standing idl» until a few months ago, since which time it has been reorganized and considerably improved and prepared for work, I purchased this with the approval of the Executive Committee. The plant has a present capacity of 80 tons per day of muck bar and 120 tons per day ot finished The possession of iron or steel in assorted shapes and sizes. this property, which actually abuts upon our Bessemer furnaces Nos, 1 and 2, thus ena^^ling deliveries of pig iron without freight charge, will be of great value to us. When the markets for pig iron are not so brisk in the future as they are now, we will be enabled to turn the entire output of our Ensley fnrnaces into steel ingots, blooms and billets, and the production ot at least one of our Bessemer furnaces into muck bar or finished iron. The puddling capacity of the plant was not sufficient to keep the mill running full time, and this is another cause leading to the failure of the parties who operWe can supplement tbe puddling ated it originally. capacity by such deliveri<-8 of small blooms from the blooming mill as will employ the capacity of the finishing department, and thus diversify our products and find access to market in the manifold forms of manufactured iron and f^ steel, bars, light rails, plates and shei-ts. No dividend has been paid upon the preferred stock since August, 1893, so that before any dividend could be paid upon the common stock it would be necessary to first pay 54 per cent upon the preferred, which will be the amount accumulated up to April 1st. It will be proposed to you at your meeting, by appropriate resolution, to authorize the Directors to change the status of the preferred stock by reducing it again to common, giving 180 of common in exchange for each 100 of preferred stock and accumulated dividend rights to April 1st inclusive. There has always been in the past some room for difference of opinion between, our two classes of stockholders as to the wisdom and propriety of applying surplus earnings to the payment of dividend or to the improvement of the properties and extinction of debt. The holders of over two-thirds of the preferred stock have already consented to this proposal. If it is carried out, it will remove this possibility of difference and will unite both classes of stockholders, making their interests identical for the successful promotion and development of the property and business which belongs to them, and which presents at this moment so much of gratification in the past and recent developments and of hopeful anticipation in the future. It will also be proposed to you by suitable resolution at the annual meeting that another $1,200,000 of common capita stock be authorized and issued in addition to the $1,80', 000 required for carrying out the purpose of the preceding paragraph. The object of the sale of the $1,200,000 now referred to, which is to be offered pro rata to the stockholders at par, is to replace in 1 he Treasury of the Company money expended for the purchase of the Sheffield furnaces and property and the Bessemer Rolling Mill and moneys advanced in the completion of the Steel Plant. With this task accomplished the future net earnings of the Company will be subject to the order of the Directors and available for such distribution by way of dividend or otherwise as they may determine from time to time. It only remains for me, in conclusion, to state that during the year of events of so much importance and interest, I have been loyally and vigorously supported by the other general officers of the Company, the entire management working harmoniously with the closest co-operation. have added so largely to the productive capacity of the Company in collieries, coke ovens, ore mines, blast furnaces, blooming mill and finishing mill that we realize the Company has become a well-rounded, compact, coherent, revehave nue-producing corporation of splendid proportions. filled and completed for all practical purposes the heavytonnage of low-priced orders existing on our books last year, which kept down the average prices realized on coal and iron, and caused our profits to be smaller than they will be during the ensuing year, as we have a sufficient tonnage of orders at remunerative prices now existing on our books to engage our full capacity for the next eight months, and I am entirely justitied, therefore, in the statement that the profits to be earned from this j^ear's business will be much larger than any previous year, and the whole outlook is therefore most satisfactory. Respectfully submitted, N. BAXTER, JR We We , President. . THE CHRONICLE. 690 REPORT OF TREASURER. FLOATING DEBT. N. Baxter, Jr., Esq., President: Dear Sir I hand you here with the following statements, which represent the condition of the Company's affairs on December 30, 1899, being the close of the fiscal year, viz Form A. -General Balance Sheet of Assets and Liabilitiee. " B.— Profit and Loss Account " C— Divisional Details of Profit and Loss. " D —Comparison of Floating Debt and Available Assets. " E.— Exhibit of Bonded Debt and Estimate of Fix«d Charges. " F.— Reconciliation Sheet with Last Year. : — As pointed out under the proper caption in your own report, we purchased during the year the property of the Sheffield Coal, Iron & Steel Company for $350,000 00, of which amount, prior to the date of this report, we have paid in cash $i00,0')0 00, besides having paid to them cash for the valuation of the personal property turned over to us as per inventory. But tor this our floating debt would have shown a reduction. Embracing, however, this transaction, : and also the liabilities exl«tlng as of January Ist, of accrued dividend and interest on securities of the Alabama Steel & Ship Building Company, our floating debt as per Form D, shows an STOCK ACCOUNT. There has been no change during the year in the amount of the capital stock. The certified lists of the stockholders are presented herewith as of February 2'*, 1900, the date of the closing of the books for the annual meeting. An abstract of these lists shows tbe following disposition of the holdings of stock in the Company New York 300 191,682 Tennessee Massachusetts 137 9,341 ^few Hampshire England... 1,454 Louisiana 102 Connecticut 1,154 Calif oruia 100 Penn'sylvania 1,080 West Virginia 80 Maryland 844 District of Columbia. 73 Kew Jersey 755 Germany 70 Alabama 660 Georgia 41 South Carolina 60 Maine 10 Ohio 456 Vermont 5 Delaware 400 Ireland 3 , > , Illinois LXX. [Vol. 1 increase of of which $62,348 63 is a liability to ourselves on various reserve funds. am pleased to point out that on the other side of the schedule we show an increase in Quick Assets of $1,026,323 49 SlowAssetsof $369,30146 21,563 20 286,785 43 Ultimate Assets of Total increase of 1,334,672 11 Or a betterment of our position as to floatingdebtfortheyeartothe extent of 965,370 65 " are differently construed by different persons, I beg to state explicitly, to avoid misunderstanding, that the liabilities of the Company shown As the words "Floating Debt under this heading in my report consist of Company's notes executed in pursuance of routine business transactions, or vouchers accrued but not yet due for payment, or pay-rolls to workmen, or traffic accounts not yet due, or reserve funds which are itemized in schedule A. There is only, at the time of this report, one single item that can be considered floating debt in the nature of borrowed money, $9,179,997 84 namely. $35 ',00'^, the unpaid portion of the Sheffield purchase money. From the nature of things, however closely we make up our accounts we can never be free from accrued vouchers, pay-rolls, traffic accounts and reserve .^38 : Khodelsland 315 210,0C0 Omitting duplicate name-i, there were at the above date 584 stockholders, in 24 States or countries, as compared with 715, in 28 States or Countries, at the last report. BONDED DEBT. Last year the net amount of the Go's funded debt, after deduct, siak. fund credits, was During the year the Eureka's Company's 7 per cents, maturing 1904, amounting to $100,000, were called by this Company lor payment under the privilege contained in the mortgage, and a corresponding amount of 6 per cent bonds of the De Bardeleben series maturing 1910 were drawn down from the Trust Company to replace them. The Alice Furnace Company's 7 per cent issue maturing 1902 being also subject to call, we called for payment the $8^,000 which remained in circulation in the hands of the public, the remainder of that issue being already held for the benefit of this Company in one of our sinking funds. A corresponding amount of $s6,000of 6 per cent bonds of the Birmingham Division maturing 1917 was drawn down to replace this amount, so as not to Impov- funds. CAPITAL EXPENDITURE. When erish the Company's treasury. These transactions balance themselves. In addition to these exchange transactions the following bonds have been retired during the year: Pratt Coal & Iron Co DeBardelebon Coal & Iron Co Tennessee Division Cahaba Coal Mini Qg Co ; ; : $16,000 29,500 3 ,000 35,000 But, as during the year, we have also increased the securities in the sinking funds available for the purchase of bonds amount as per form F Being a decrease during the year in the net It leaves the net liability of These figures do not include the $i,i6o,6b6 oi 6 per cent bonds issued by the Alabama Steel & Ship Building Co. on which this Co. has guaranteed principal and interest. 83,500 00 $9,096,497 84 18,078 57 $9,078,419 27 $101,578 57 profit upoa mining and manufacturing shown B, was upon bonds purchased at a dis- Increase. Collierie«, transactions for the year 1899, as by form The profit count for sinking fund purposes Balance brought forward from last year: . $1,864,179 42 1,5?6 25 97,031 58 . Making a total to be accounted for of Out of this amount we have paid during the $1,962,757 25 year or provided for interest accrued but not yet matured for payment $")53,832 33 And matured but not presented 24,000 00 — 577 832 33 In my report for l>>98 I pointed out, on page 14, that in the year 1898 we had saved $31,2'^6 05 in interest on floating debt as compared with tbe previous year, 1897, when we carried a heavy stock of pig iron, and staled "Thia saving will he further increased in 1-9^." As a matter of fact, our interest payments for the year 1899 were $577,832 33 As compared with 616 434 05 . $249,278 52 584,110 42 83,538 73 Total account, however, of the sale of the Birmingham Southern RR. previously owned by us the item of Railroads and Rolling Stock has decreased in the year 3918,977 67 On 973,919 91 Thus showing a net reduction in the amount of capital accounts under the head of Per- manent Investments of But an increase in the debit against Land Account of Or a total increase for the year on Land and Improvements combined, of $51,942 24 193,903 96 $143,961 72 TREASURY BONDS. ' $823,383 45 Coke Ovens and equipment Blast Furnaces and equipment Ore Mines, Rook Quarries, etc The treasury bonds shown amongst tlie assets of the Company are those of the Cahaba Division available for sinking fund purposes. Stocks and Bonds of other companies, which show an increase in the year of $141,6% 60. have been affected $50,562 40 during the year chiefly by the purchase of a controlling 26 400 00 interest in the first mortgage bonds of the Lady Ensley Coal. la 1898, showing a reduction of $33,601 72 paid, or provided in pursuance of our guaranties In respect of interest on the bonds of the Alabama Steel & Ship Building Co., and for the guaranteed dividends upon the preferred stock of that company. Leaving a balance of 1,307,062 52 to be carried forward to next year. The profits of the Mining and Manufacturing transactions for 1899, compared with the previous year, are as follows: 1898. 1899, Coal and Coke $255,9.'i4 43 $269,48=^ 47 Pig Iron 323,193 81 1,254,3 7 )4 Bale", Stores 171,.'i41 23 241,369 24 Rents 55,842 16 ."13.691 57 Sundries, (MachlneShops.Royaltles.eto.) 16,831 82 42.9'i4 41 We also — — : PROFIT A^D LOSS. The the Directors closed the capital accounts of the Company in 1896, it was not contemplated that such action should govern the large undertakings of the present year. An entire and radical change in the condition of the coal, iron and steel trades has necessitated unusual provision on our part, which will be treated of more extensively in your own report. Obviously it would not be in form with normal book-keeping to charge to operating expenses the purchase of the three blast furnaces at Sheffield, the 74,000 acres of land and 300 coke ovens at Jasper, and the Gamble collieries; or the construction of Nos. 8, 9 and 10 collieries at the Pratt group, or No. 7 at Blocton or the construction of or the removal from the 400 new coke ovens at Pratt Cowan to Ensley of No. 5 furnace or the rebuilding of No. 2 Alice and No 2 Oxmoor. These expenditures, together with those already incurred and yet to be incurred in connection with our entrance on the steel trade, have placei the Company in an entirely different position both as to assets and revenue, and, as in former years, it has been necessary to change our capital accounts when we have taken in some other company by amalgamation, so we have reopened the accounts this year to admit of those changes being shown whether by purchase or construction which will correctly show the position of the Company as to the nature of its investments and the correct amount of its earnings. A comparison of form A for 1899 with last year will show the following changes in the capital accounts $1,861,907 83 Iron & Railway Co. SUSPENSE ACCOUNTS. As previously explained, this item includes such special provision for improvements as it has not seemed fair to charge to operating account at the time of incurring tlie expense, such as stripping ore mines, or the provision of special machinery for certain purposes wliich debits at the time of creating them have been apportioned to the required services at fixed tonnage charges. I recoaimend. in view of the large credit to Profit and Loss Account, that these sus- pense accounts be written off. — . March . THE CHKONICLK 24, 1900.] RANK OF 59 L SECURITIES. Thus showing an improvement to the holders of the and Tennessee divisioos, DeBardeleben, Cahaba Birmingham By the payment of the Eureka Company's bonds the of $4,815,681-15, in reduced liens upon the series Pratt and De Bardeleben issue has become a first mortgage upon the by those mortgages and increased values covered Oxmoor furnaces and Ishkooda ore mines, and by the re property tirement of all the Alice Furnace Company bonds except placed upon theproperty since the mortgages were executed. wholly apart from the additional security those owned by the Pratt Coal & Iron Company sinking This, however, is the Companv's acquisition and holdings by them given to fund, Pratt 7s have become the first lien upon the Alice represented by its ownership of other property of other furnace and the ore lands acquired with that property. stocks and bonds, including those of the Shettield Coal, IMPROVEMENT IN POSITION OP COMPANY'S BONDHOLDERS. Iron & Steel Company, Smith Mining Company, Robinson Lady Ensley Coal, Iron & Railway This Company has not issued a single bond on its own Mining Company, Steel & bhip Building ComAlabama the and Company, account since January 1 1887. It has assixmed since that personal property, are not subject being which, pany, time, in 1892, the payment of the bonds of the De Bardelethese mortgages, but afford a corresben Coal & Iron Company and of the Cahaba Coal Mining directly to the lien of stability to this Company, which is of amount ponding Company and in 1898 those of the Alabama Steel & Ship all. Building Company, each of which issues was based upon responsible for them In the absence of the* payment of separate properties. ALABAMA STEEL & SHIP BUILDING CO. dividends to this Company's stockholders its surplus reveFor legal reasons the Alabama Steel & Ship Building Comnues have been steadily employed in making improvements upon its property and reducing the amount of its bonded pany was formed as a separate corporation, the stockholders debt. As a matter of interest I draw attention to ray re- of this Company subscribing for its bonds and preferred port of January 31, 1895, showing that from January 1, stock individually, and this Company subscribing for all of §5i',000 Of. 1887, to that date the bondholders' position and security its common stock, the amount of which is only does not property The interest of this Company in that had been improved as follows: repreonly being A, Form on appear adequately Reduction in therefore , Bonded Improvements. $3,055,80100 Year. 228,93143 1895 1896 1897 1898 1899 105,363 62 54,40600 19.90743 Debt. $901,200 00 185,000 00 18,600 00 218,977 67 171,00000 167,00000 83,50000 $3,631.381 15 $1,184,300 00 Inc. sented by the item $50,000 00 under the caption of " Stocks and Bonds of Other Companies." I therefore append another schedule, A-2, showing this Company's balance sheet of assets and liabilities as it would appear if the as'sets and liabilities of the Steel Works were incorporated with our own figures. J. FORKE «A''—GENERAL BALANCE SHEET DECEMBER Treasurer. 30, 1899. LIABILITIES— ASSETS— Land Account Permanent Investments— Collieries, Coke Oven s and Plant $20,902,158 51 Capital Stock— 200,< 00 Shares of $100 per share Common Stock at Bonded Debt per .$20,000,000 00 10.000 Shaies of Preferred Stock at 1,000,000 00 -$21 ,000.000 00 $100 per share $2,793 ,299 99 4,841,734 55 447,080 09 Blast Furnaces and Plant Railroads and Equipment Foundry, Machine Shops, Saw Mill and Form E Ore Mines, Rock Quarries and Plant.. Prisons and Equipment Livestock 598,125 18 302,t:88 73 23,000 00 51,453 02 Miscellaneous Office Furniture, Telephones, etc 7,600 11,066,500 00 Other Bonds, Cash and Securities Fund Trustees held by Sinking 00- 9,185,981 56 1,137,707 26 Accrued Interest due for Payment 59,000 00 Matured Coupons 2,006,781 90 Less- Remitted on Account by Agents. 797,969 95- 1,208,811 95 T. C. not yet I., 213,480 84 T. C. I., ndt pre- sentea Accrued Interest Alabama Ship B. Co., for which T. C. Inventory Accounts— 431,2?2 95 76.409 18 363,883 64- Steel I. Is & liable. Accrued Dividends Alabama Steel & Ship B.Co.,for which T.C.I, isllable. 871,575 77 Sundry Creditors on Open Acct.— Cash Items— 607,212 03 3,533 98 360,840 96- BUls Receivable Oflloes Miscellaneous Due Employes 971,586 97 Reserve funds— 24,00000- 237,480 84 33,000 CO 13,200 00 46,200 00 693,766 11 209,982 21 903,748 32 968 39 09 Rope Renewals for Inclines Taxes PlK Iron Commission 403,397 13 S08PEN8E Accounts 9.078,419 27 1,988,080 73- BiLLS Payable 262,863 88 Teeasdrt Bonds Sdudrt Debtors on Open Accocnt CoHSumable for Redemption of above Bonds Stocks and Bonds of Other Companies Salable Convertible in Bonds lu Circulation Dwellings, Storehouses, Depots, Offices, Stables, etc (aa pamphlet) 121,000 00 Machinery Cash in Branch Cashin Bank BOWRON, 53,699 33.443 30.654 10,000 Bad Debts Insurance 78 91 00— 128,766 17 Outstanding Orders for Merchan- 25,091 39 dise Profit and Loss (as per Form 1,307,962 52 B) $33,865,375 77 $33,865,375 77 FORin ««A—2.»'—GENERAL BALANCE SHEET $20.€02,158 51 Cash Items Suspense Accounts Alabama per and Equipment Stocks and Bonds of other Go's.. Treasury Bonds Sundry Debtors on Open Account.. Less-Remitted on Aoc't by Agents Inventory Accounts (as per Form A) Steel Plant Capital Stock, Preferred (as $9,185,981 J,637,802 fi6 39— 10,823,783 95 212,863 88 59,000 CO 1,908,979 51 797,969 95— 1,111,009 56 871,575 77 971.586 97 403,397 13 2. LIABILITIESCommon ASSETSLand Account Permanent Investments Form Aattached) NO. Steel BondedDebt & (per Bonds Alabama $20,000.000 00 1,000,000 00 ^ 00— $21,440,000 00 440,0 Ship Bldg. Co.... Form E Steel & pamp't.) Ship Bldg. Co.,GuaranteedbyT. C. 1 Bills Payable, Accrued Interest T. C. I., not yet due for Payment Matured Coupons not Presented.. Accrued Interest Alabama Steel & Ship Bldg. Co Lis , liable 213,480 84 24,000 00 13.2C000- . Mifcel aneocs Due Employes Reserve Funds Outstanding Orders for Merch- $35,355,375 77 1,137,707 26 Steel T. C. Sundry Creditors on Open Acc'ts- andise Profit and Loss „ ,^r. ,,„ „., 10,178,419 2? , 33,000 00 Ship Bldg. Co., for which Lis 1,1C0,0C0C0- for which T. C. liable.- Accrued Dividend Alabama <fe 9.078,419 27 (as per Form B) . 643,766 11 209,982 21- 283,680 84 853,748 32 128,766 17 25.091 39 1,307.962 52 $35,355,375 77 .. — — THE CHRONICLE. 592 FORm "B».— PROFIT AND LOSS ACCOUNT DECEMBER Interest Accrued and Paid on the Business of the Year 1899 $340.35149 Interest Accrued but not yet Due for payment 213,480 84— $553,832 33 Matured Coupons not yet Presented 24,000 00 Interest Paid for Account of Alabama Steel & Ship B. Co 17,562 40 Accrued Interest Due January Ist, for Account of Alabama Steel & Ship B. Co. 33,000 00 50,562 40 Dividend Paid for Account of Alabama Steel* Ship B. Co 13,20000 ACCRUED Ditidend Du6 January Ist for Account of Alabama Steel & Ship B. Co. 13,200 00— •j6,400 00 Balance 1,307,982 52 $1,962,757 25 31, 1898, WITH DEC. Dee. 31, 1898. Dee. 30, 1899. Inc. or Dec. Matured coupons not presented Blllspayable Accrued interest Accrued Alabama Steel Building Co Dividend Alabama Steel Building Co $958,051 203,062 & Ship & Ship $24,000 I. 1,137,707 213,481 I. 1. 10,419 33,000 L 33,000 13,200 L 13.200 903.749 128.766 25,091 I. I. 28,907 62.349 17,770 Sundry Creditors on Open Account Reserve Funds Orders for Merchandise 874.841 66,418 7,320 $2,109,692 $2,478,994 I. $1,9.^7,222 Net increase. $262,864 59.000 Purchased) on Bonds 1,526 25 Profit upon Mining and Manufacturing Operations, for the Year 1899, (as Form per in pamphlet) 1,884,179 42 Balance CarrTed Forward to $1,962,757 25 $1,307,962 52 next year. F "—RECONCILIATION OF BALANCE SHEETS, EMBER 31. 1898, WITH DECEMBER 30, 1899. •< I. $141,607 D. 170,000 J. 431,283 971,587 316,905 4»,209 789,e03 I. I. L $1,296,32^ L 1,026,323 DEC- Decreased Assets, Increased Liabilities and Cash Received, Year's Gross Profits, 1899 $1,864,179 42 Permanent Investments— RR '8 & Equipment, dec $973,919 91 Collieries, Coke Ovens and Plant, inc $249,278 52 Blast Furnaces and Plant, iDO 584,110 42 Ore Mines, Rock Quarries, . etc.. inc Floating Debt (per Form 85,588 73—918,977 67— D.) inc Bond Premium Account. 54.942 24 369,30146 1,526 25 . $369,301 I. 369,301 1,208,812 $2,933,546 $97,051 58 (Profit I. Net increase. Quick Assets— Stocks and Bonds of Other Companies $121,257 Treasury Bonds 329,000 Sundry Debtors on Open Accounts 891,907 Salable Part of Inventory 3 •'3.074 Cash and Bills Receivable 181,984 $24,000 179,656 30. 1899. Year Bond Premium Account 30, 1899. Liabilities— LXX. Balance Brought Forward from Last FORM " ©."-COMPARISON OF FLOATING DEBT AND AVAIL- FORM ABLE ASSETS DEC. [Vol. $2,28P.949 37 Increased Assets, Decreased Liabilities and Cash Expended. inc $198,903 96 Floating Assets— Stocks and Bond 8 of other Companies, inc $141,606 60 Sundry Debtors on Open Account, inc 316,9f)4 64 Land Account, Inventory Accounts, Cash & inc. Bills Receivable, 207,574 31 inc 789,602 79 Suspense Accounts, inc.. 148,983 77— $1,604,672 11 Less— Liabilities Treasury Bonds, dec exceed Quick Assets, 1898 Quick Assets exceed Slow Assets— Matured Coupons $202,470 $454,552 Liabilities Convertible Part of Inventory... Net Increase 54,846 1. 76,409 $657,022 I. L 21,563 21,563 Ultimate Assets— Consumable Part of Inven- tory Suspense Accounts Surplus of all Free Assets over Floating Debt $226,052 254,413 $363,C84 403,397 I $480,495 $767,281 L $332,871 $1,298,242 $137,802 148,984 I. I. $286,786 270,000 presented Bonded Debt (per E. in pamphlet), dec... Alabama Steel 553,832 33 & Ship B. Co 50.562 40 Dividend Ch rged Profit AND Loss, for Account of Alabama Steel & Ship B. Co * 26,40000 $2,289,949 37 $965,371 Trenton Potteries.—P/f/err*d Stock Dividend.— A dividend of 2 per ceDt has been declared on the preferred stock, payable April 10, to stockholders of record March 31. The last dividend was paid June 11, 1894 —V. 66. p. 286. Tri-State Gas Co.— Dividend -Payment of Bonds— Directors.— At a meeting in Pittsburg on March 8 the directors declared a quarterly dividend of 2 per cent on the capital stock, payable April 20, and authorized the purchase of onetenth ($40,000) of the bonded indebtedness for the sinking fund. Offerings will be received at the Fidelity Title & Trust Co., Pittsburg, till noon, March 26. H. McSweeney of Oil City is President; F. M. Lowry, of Pittsburg, Vice-President; G.T. Braten.of Sewickley, Treas- and Samuel McCrum, of Pittsburg, Secretary. The company.it is stated, was organized about two years ago and has a 10 inch line running from West "Va. to Pittsburg, furnishing gas to a number of Pennsylvania, "West Va. and Ohio towns. 101,578 57 ^ Interest Charged Profit and Loss Interest Charged Profit AND Loss, for Account of 1,334,672 11 24,000 00 Form JOHN urer, 00— not J. FLETCHER, Jr., Secretary. As to the reason for raising $7,500 000 President Dolan .said: Thelast increase of the capital stock. $3,500,000 on May 2, I8fi8. en abled us to effect purchases and consolidations, resulting in giving to your comuany the control ot the electric and gas lighting business in Passaic, Essex and Hudson counties. New Jersey, including Paterson, Passaic, Hoboken, Jersey City, Bayonne, Newark, Elizabeth. Morristown, andsmaller municipalities a territory which will in the course of years become of great value. Negotiations have been proceeding for some time having for their object the control of other territory of at least fqual value, and have approached that point where It is necessary that your company should have at its disposal sufficient sums in cash to enable it to proceed rapidly to the accomplishment of the plans. It would not be judicious, until our plans are complefed, to discuss the location of the operations in hand, but it is the judgment of the management that they will add very greatly to the value of th» company's assets.— V. 70, p. 538. United States Flour Milling Co. Receivers. See HeckerJones-Jewell Milling Co. above. Time Extended. The time for depositing stocks and bonds under the reorganization plan has been extended to April 20. — — —V. 70, p. 433, 284. — United States Oil Co. Dividend Reduced. A quarterly Union Typewriter Co.— Eaetra Dividend.— The directors on Wednesday declared a semi-annual dividend of 33^ per dividend of 50 cents per share is payable April 2 to cent on the first preferred stock, and a dividend of 4 per cent stock of record March 17. This is a reduction of 25 cents and an extra dividend of 4 per cent on the second preferred from the regular rate, and the usual 50 cents extra is also stock, all payable April 2 to stock of record March 23. The omitted.— V. 70, p. 327, 234. extra dividend on the second preferred reduces the amount overdue on that stock.we understand, to 13 p. c— V. 69, p. 82. Attention is called to the offering by Jacob Rubino of United Gas ImproTement Co.— Increase of Stock.— The 3,000 shares of Chicago Milwaukee & St. Paul preferred shareholders on Monday ratified the proposed increase of the stock and 2,000 shares of Twin City Rapid Transit 7 per capital stock from f 15,000,000 to |22,5CO,000. The net profits cent preferred stock. The Twin Citj^ C ompany owns the for 1899, from established business and from various trans- street railway system in the cities of St. Paul and Minnactions were ptated by President Dolan as amounting to eapolis, and earned gross in 1899 $2,532,794. The net was " This large return," he says, "must not be $4,750,000. ac- $1,365,822 and the surplus over interest charges, taxes and cepted as a fair measure of what may be expected in subse- the seven per cent on the preferred stock was $550,026. quent years. Of the moneys thus obtained, a very large por- Both the above stocks are tax exempt and show a good yield tion has been re-invested." Stockholders of record March 24 on the investment. will have the right till April 16 to subscribe for the new issue Frederic B. Cochran & Co members of the New York at par [$50 per 8hare] in amounts equal to 50 per cent of their Stock Exchange, 20 Broad Street, in addition to their usual respective holdings, payment to be made in five instalments Stock Exchange business, are making an especial feature of of 20 per cent, on May 1, June 1, July 1, Aug. 1 and Oct 16 dealings in U. S. Government bonds. — — , . . March THE CHRONICLE. 34, 1900.] 593 COTTON. Friday Night, March 23, 1900. The Movement op the Crop, as indicated by our telegrams from the South to-night, is given below. For the week ending COMMERCIAL EPITOME. Friday Night, March Reports as to the condition of trade the past week have been some\vh.it conflicting. In some lines a good seasonable run of orders has continued to be experienced and at full values, while in others demand has been disappointing. The advices from the cotton-goods trade indicate that the high prices ruling have had a teadency to hold new business in check. Wool has continued slow of sale and easy, and prices for cotton and breadstuflfa have shown a tendency to sag. On the other hand, however, sugar his been more active and higher, and reports from the boot and shoe andjleather trades have noted an expandiog demand, with prices for some grades of leather quoted slightly higher. Jobbers, as a rule, have expressed disappointment over the spring trade thus far experienced, the tickle weather conditions being against a healthy demand. Labor troubles have again been reported from the interior. Lard on the spot has been in more active demand, las exporters have been better buyers and prices have advanced, closing firm at 55c. for prime Western and 6*10 j. for prime Refined lard lias had a fair sale and prices have City ti advanced, closing at 675c. for refined for the Contineut. Speculation in lard for future delivery at the Western market has been fairly active and prices have advanced, on improved cash Ci ade, light receipts of swine and buying for investment account being strengthing factors. The close ' was firm. 1 full values, closing at ll@13)^c. for State factory, full cream. jFrepli effgs have weakened slightly, closing at 153^c. for choice Western. Brazil grades of coffee have been dull, both jobbers and roasters complaining of slow trade, but as there has been no pressure to sell, owing to small receipts, prices have held to a s'eady basis, closing at 83>ic. for Rio No. 7. West India growths have been quiet. Buyers have continued to hold back, but prices have been fairly well maintained at 10^@ lie. for good Cucuta. Speculation in the market for contracts has been dull, as both buyers and sellers have been indifferent, dull trade being offset by small receipts at Rio and Santos. The close was lower in sympathy with weaker European advices. Final asking prices were : July 6-70C. 6-650. 6-700. Aug 6-750. 6-800. 6-850. Sept Oct Nov Dec Jan 6-850. 7-050. 7050 Raw sugars have been in good demand and higher, closing firm at 4 7-16c. for centrifugal, 96-deg. test, and 3 15-16c. for muscovado, 89-deg. test. Refined sugar has bad a fairly large sale, and prices have advanced to 5c. net for granu- I Mon. 2,196 1,926 2,139 726 1,509 4,791 7 4,024 5,961 2,427 7,524 6 3,896 3 Wed. Tuet. TKurt. rn. loiai. 2,106 125 3,282 10,601 125 3,092 2,589 4,511 2,800 1,698 :niarle8ton 213 1,213 30 281 1,700 368 29,478 3,956 5,762 16,399 13,849 3,808 Royal,&o. Wilmington.... 100 202 170 560 184 941 2,157 751 1,390 830 944 763 5,490 1,090 674 8S9 866 941 1,231 837 713 400 456 812 97 331 469 124 95 119 33 256 tloblle 520 Pensaoola, &o. 993 5,76 lavannab 3 1,711 Bmasw'k.&c. 13,849 Pt. Wasb'ton,(SEC. Norfolk N'p'tNews,4;c. New York Boston......... Baltimore Pblladel'a, Tot. this Ac. 97 2,698 4,468 4,409 2,698 100 726 week 13,037 13,694 18.358 14,427 10,863 33644 104,023 The following shows the week's total reoeipts,the total sinoe and the stock to-night, compared with last year. Sept.1,1899, 1899-1900. March 1 May Galveston Sab. Pass, &o. New Orleans... 8at. 23. 1898-1899. Since Sep. 1, 1899. Thit week. TMt week. Stock. Since Sep. 1, 1898. 1900. 1899. 6-55 1 Maroli at— Fri- 6-47 6-40 6-35 637 prices advanced to had moderate sale and have Pork has a I §12 00^12 35 for mess, $13 25@13 75 for family and §12 35® 13 75 for short clear. Cut meats have been in more active demand and higher, closing at 6c. for pickled shoulders, \()li(^\()%c, for pickled hams and 63^@7c. for pickled bellies, ,14@ 10 lbs. average. Beef has had only a limited sale, but prices have held steady, closing at $10@10 50 for mess, 111® 11 50 for packet, $11 50@13 00 for family and $18@18 50 for extra India mees in tierces. Tallow has been quiet and slightly easier, closing at 5}^@5%o. Lard stearine has held steady at 7c, Oleo stearine has advanced to 6%c. Cottonseed oil has further declined, closing at 36@363^c. for prime yellow. Butter has been in fairly active demand and firm at Cheese has had a moderate sale at 20cd! 25c. for creamery. 6-40 JIaroll I ftectiptt Utetxptt to DAILY OLOSINa PRICES OF LARD FUTURES. Wed. Thurs. Sat. Mon. Tiies. ; evening the total receipts have reached 104,023 bales, igalnst 112,433 bales last week and 153,155 bales the previous veek, making the total receipts since the 1st of Sept., 1899, 5,875,636 bales, against 7,550,581 bales for the same period of 1898-9, showing a decrease since Sep.l, 1899, of 1,674,925 bales. this 23, 1900. Other staple groceries have been unchanged. Kentucky tobacco has been in limited demand and '.steady. Seed leaf tobacco has continued quiet, but prices have held lated. 10,601 1,616,360 125 Sab.P.,&o. 65,976 New Orleans 29,478 1,633,894 tfoblle 3,956 178,056 133,390 P'sacola, Ac. 5,762 998,641 -taTaonab... 16,399 114.517 Br'wlok.&o. 13,849 ^barleston.. 3,808 244,833 1,-214 P.Royal.&o. 258 025 Wilmington. 2,157 7^9 Wash'n, &o. Norfolk 5.490 356,251 26,341 97 N'portN.,&o 50,139 New York... 4,468 77,870 4,409 Boston Baltimore . 2,698 78,225 726 41,105 Pblladel.&o. +alve8ton.. 21,887 2,166,620 73,712 2,987 42,856 1,900,893 1,933 236,758 9,172 179,265 9.262 1,009,238 1,143 264,335 2,409 352,164 23,295 2 566 289,578 14 1,343 5,683 587,256 24,887 1,643 87,500 2,264 4,699 274,327 37,077 1,478 42,313 619 104,023 5,875,636 108,622 7,550.561 Totals 89,823 104,025 361,100 17,896 375,496 18,418 108,335 1,123 28,227 38,192 3,234 16,672 4,240 11,788 ..». ... ...* ... 37,665 2,147 140,631 --, 11,293 49,457 1,344 136,386 37,0 :>o 23,401 9,908 846,910 825,321 38,0 )(J 6,430 In order that comparison may be made with other yeai s, we give below the totals at leading ports for six seasons. steeiptt ai- 1900. 1899. 24,874 42,856 1,933 9,262 2,411 Wllm'ton, &< Norfolk 10,728 29,478 3,956 16,399 3,808 2,157 5,490 N. News, &o All others... 31,912 5,683 1,648 19,376 104,023 108,622 .»alve8'n,&o. New Orleans Mobile Savannab Cbas'ton, Ac rot. Tblswk Since sept. 1 97 580 1898. 1897. 1896. 1895. 3.040 173 9,866 11,568 25,940 1,532 8,330 7,755 1,148 6,590 1,495 11,879 16,165 45,244 5,054 13,658 2,274 1,932 9,472 5,004 16,667 61,032 76,237 115,470 17,083 34,452 5,758 13,073 4,620 2,275 3.994 1,996 18,455 11,199 17,350 3.588 101,706 5,911 9,294 611 5875,636 7550,561 7916,898 6256,877 4762,712 7227.018 The exports for the week ending this evening reach a total of 167,100 bales, of which 60,835 were to Great Britain, 25,528 Below to l< ranoe and 80,737 to the rest of the Continent. steady. Sales for the week were 1,200 cases, as follows: 550 cases 1898 crop, Wisconsin Havana, ll@13c.: 100 cases 1897 are the exports for the week and 3ince Sent. 1, 1899. crop, Wisconsin Havaua, 10c. 150 cases 1»98 crop, Pennsyltron Sevt. 1, 1899. to Mch. 23. 1900. Weeh Endino Mch. 28, 1900 vania seed leaf, ll@lli^c.; 275 cases ]ti98 crop, Zimmers, 12 BxvorteA toExported to@14c.; 75 cases 1899 crop, New England seed, forced sweat, OonttGreat 'romConti- lotal ereat A-ance 2ot«l. Frantt 20@50c., and 50 cases 1898 crop, New England Havana seed, nent. nent. Week. Britain. Brtt'n. 30@ 50c. -.also 650 bales Havana at 50@ 95c. in bjnd and 100 445,83:) 1,334,367 9,503 13,057 2d.903 538,827 336.202 4,343 jtilTestoc bales Sumatra at 70c. @$1 40 in bond 39.125 8,319 17.474 Sab. Pass, Ac. Business in the market for Straits tin has been quietjjand New urie»n». 17,085 7.892 4.001 28.981 517,1111 186.505 476.0e6 1,17^,681 prices have further declined, reflecting weaker foreign ad 20,693 b6.254 .... 115,947 .VIoDtle vices, closing at 30'75@31c. Ingot coppsr has been in fairly Pensaoola 1,0=8 63,S69 114,018 13.900 16,217 5.708 4,670 full demand and prices have advanced to 16-75@17c. for 163.66; 39,279 -393,818 1.431 lS18i 2t.l03 596.795 11.481 SHvaunah Lake. Lead has been quiet but fairly steady at4-70@4'75c. for Biuii»wick 16.625 65,69S 16,d69 81,333 15,3 9 domestic. Spelter has had only a limited sale and prices Charleston... 103,339 51,&70 6.-i3l 160,929 6,831 quoted at the close were 4'50@4-60c. for domestic. Pig iron Port Royal... 230,079 9 800 31.613 261,692 9,800 [has been quiet and quotations have been lowe.ed to $19® WllmlnKton... 3,736 29,113 26.407 Norfolk 23 for domestic. lrt.783 18,277 1,491 1,081 1.081 N'port N., Ac. Refined petroleum has 900. 9 been closing at unchanged, j 145.15. 875,998 820 100,881 30,160 2.927 11,037 17,834 York.... New in bbls., 7-25c. in bulk and 11-lOc. in cases. Naphtha un7769f, 2,616 60,318 6,191 5.491 clianged at 10'65c. Crude certificates have been neglected. Boston 117,823 30,116 2,(2. 85,680 775 9.1.i3 1IJ,195 Baltimore Credit balances have been unchanged at $1 68. Spirits tur2,823 2.82J .... Pblladelphla.. pentine has been quiet and easier, closing at 55i/^(S56j. 154,065 5^9 9,3')9 119,028 6,037 9.898 San Fran., Ac. Roains have been dull but steady at |1 70 for common and e0,!-35 25.628 80,7.57 167. 00 1.791,535 eio.izo 8,166,208 4,570,163 Total good strained. Wool has continued in slow demand and o.-ron 9- ''oo «*«:>.'» Q 1(^0 «"« «^0 fiQI 2 3T SIS ftiss.ois easy. Hops have had a moderate sale at steady prices. Total. 1898-09. ">1 711 ; , ; ' ( — I f J {, I I 5 1 j e . - .. THE CHRONICLE. 694: In addition to above exports, our telegrams to-night also give us the following amounts of cotton on shipboard, not cleared, at the ports named. We add similar figures for New York, which are prepared for our special use by Messrs. Lambert & Barrows. Produce Exchange Building. ; , LXX. [Vol. FuTUBESi— rhe highest, lowest and closing prices New York are shown in the following table. of Futures at July— June— Oloslng Range JANHART— Oloslng Range Oloslng Range OloslngRange Februakt- Mat- OloslngRange OloslngRange Aprtt. Rang© AuonsT— Ootobeb- Oloslng Range OloslngRange Oloslng Mabch— OloslngRange OloslngRange NOVBMBBBSbptbhbbb— ON SHIPBOAlin, NOT OLBABBD FOB— March 23 Leavint at Qreat Other Britain. trance. Foreign Ooattwite. Total. 50 664 3,143 15.745 15,000 2,000 6,000 15,000 5,200 6,000 546 None. 200 None. None. None. None. 73,645 41,890 21,000 0,200 10,000 22,000 5.500 11,000 287,455 47,933 87,335 22,027 7,896 15,665 135,131 62,233 29,044 115,609 3,894 191,235 655,675 New Orleans... 9,550 6,838 Galveston Savannah 10,283 18,761 None. None. None. None. None. None. 6,00i' Charleston Mobile Norfolk 4,000 4.OO1; 7,000 New York 300 Other ports.... 5,000 Total 1900... 42,6S8 itoek. • • • ^1 00 32.835 79,834 1.304 52,905 22,804 12,262 104,792 24,613 109,848 221,491 715,473 795,026 <j-j OCOD <1<1 0000 If'l-' 1 S "^1 <1<1 00 00 QO 1 1 <i»j ODOO oew §1 <I<I QCOO WW 1 <l»J 0000 00 <J O-J «5«a -3<1 CO 00 00 (» 00 00 00 00 00 If. <1M @ ^vj 0000 1 010 ^ <1<I ccoo ao» 1 s <1<I ODOO 00 CO 1 0C»3 00 00 COCO coco coco coco oce OQO COM <1W ® If-CC If If wc^ cJ.1 05 d <I<I 1 Total 1899. . Total 1898... 5 • • 1 S 1 oow 1 § 1 1 If. ^ 1 d coco If CO OOM If- If. M'jO ODOO COCO coco coco coco l»- MIO ODOO COCd no ^ 1 OOOD 1 coco If If. COM CC<I «) ODOO OM 00 oco If. d 1 ccco ^ 1 c«l coco MCO CO If coco coco lf"M If" an CO C7>> wl 00 CO oco coco ccco coco CO lb. CO If. coco ccoo 000 1 d coco CO*" cox 1 €) CO WW was 1 coco If 1 i*-o COCO ©0 MO <I-3 coco €l If. Id. 0000 00 00 d <I<I coco ooo 1 3 tote coco It" If. If oco '^ 1 a w oco Speculation in cotton for future delivery has shrunk to <JO 00 00 00 00 coco coco coco coco oco coco comparatively small proportions and the undertone has been *^l -a<i ^<I to to eo CO CON) If Wif Wif Wif. WM coco wo amunsettled, with prices for the week showing a slight decline. OOM IvW coo WW MW -co toco «» » ^ @) s s ^ d ^ d The outside interest has appeared to be gradually withdrawa, ing from the market, and the speculative interest shown by '^l <1<I <1»J ^«j GOOD 0000 CO to COCO ccco coco 'Pi coco 1 to ceto 01- (f lu wco lf.l(" If ccco coco WW the South also has been subsiding. Reports from the South 05 <J <|Q0 coo WO) co^ If K>lfCO w^ WW COM and Liverpool have, as a rule, reported a falling off in tbe <I<J <I<J <i<i -JM 00 00 0000 coco coco coco coco coco coco urgent demand for actual cotton, and this fact has had a fota COCO coco ccco 00 eocc lf.a>. coco 00 lO-tO ifUv WW tots CO coco M<I »0"3 If w 00 tendency to make speculative buyers pause in their opera^ d d d ei d s s d 1 tions, particularly with prices on their present basis. Some <l<l »J-<1 <I«3 ODOO <J<I 0000 CO to coco CD to toco coco ccco reports have been heard to the effect that the demand for coco CCCO OM CO toco CO coco if ccco CIf ^ 1 01 CO woo WOO OiO OOM MO coco won MCO CO CO JO cotton goods is ebbing, and this, too, has had its influence against a further advance in values. The advices re00 oo 00 00 coco ccco coco coco coo ccco ccto toco coco eo6 MO lUCO OM 10 If CO It"^ it^CO CO ceived from ti e South have continued to report firm «oc CO 1 ODIf. 00 »a 0^3 cow coo oow ccos COM markets and the interior receipts have been light, but €> €> €1 ^ s @ 9 d © d the arrivals at the ports have been fairly large. Pre- ODOD OOOD -5<1 00 00 oooc oooc ^ coco to to coco coco COCO a «« dictions have been made that for the month of April the 00 00 coco 00 MM If w 01 CO lf.lt" Wif" MO 00 coco 00 UK" WW coo ooo MOB aw crop movement will show a sharp falling off. Wet weather was reported as interferine; with preparations for the new <JO <I<1 <I«3 ^»J OCOO oooc coco coco coco coco ccco coco too coco coco coco 00 o-co cow >fCO coco crop, and advices from many points are to the effect OS CO Wip. 05W 00 C0O5 MM coco CO 05 <105 05O CO @ d s d ^ ^ s d s s that farm work is quite backward. A feature of coco «* ccco the trading has been the selling of this crop and the buying <ICD <I<I <lo -300 QCOO 00 00 CO to coco coco « coco coco «"ie> coo t-'l-' If coco C0Cl9 K^ CO of the next crop oa the belief that the differences in values too ^co 0)C0 00 05 <IO OM tow Oif if-O kSW between the two will nairow. To-day there was an easier "^ "^ '^ ^ ^ '^ "^ "" ^ ^ >» 'P market. Weaker advices from Liverpool than expected and « 1^ 00 (» 00 CO to CO w CO CO 1^ w w CM 0) unfavorable trade reports from Manchester prompted limited 1^ d ^ ^ d d ^ ^ s d d Id 1 selling by longs to liquidate their accounts and prices for this *^ °° * '* '^ '^ * * ^ * ® "? crop gradually sagged. The close was steady at a net decline ci *" 6 to M w If '§ CO CO in prices for the day of 9@13 points for this crop and 1@3 M M 00 CO 05 00 a> points for the next crop. Cotton on the spot has been quiet The Visible buppLY of Cotton to-night, as made up bv and unchanged, closing at 9^c. for middling uplands. cable and telegraph, is as follows. Continental stocks, as well The rates on and off middlmg, as established Nov. 15, 1899, as those for Great Britain and the afloat, are this week's reby the Revision Committee, at which grades other than turns, and consequently all European figures are brought down middling may be delivered on contract, are as follows. to Thursday evening. But to make the total the complete Fair 0. l^on Strict Good Mid. Tinged. 0. 3,g on figures for to-night (Mch. 23), we add the item of exports from Middling Fair % on Good Middling Tinged Even the United States, including in it the exports of Friday only. i« ofl Strict Good Middling 'leon Middling Tinged It" If" If. 1 1 1 1 1 1 €i) 1 1 If. 1 1 1 1 1 ' If- If" If. If. If" If" 1 1 1 1 1 1 1 1 If. If. If. If. 1 If" (JO If. If. 1 1 ' 1 1 1 1 1 1 1 1 1 1 If. If. If" If. 1 If. tk. 1 1 1 1 1 1 1 1 1 1 1 1 If. If. If" 1 1 1 1 1 1 1 1 1 1 1 1 1 1 ' 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 ' ' ' 1 1 1 1 1 1 1 1 1 1 1 1 1 ' t-« 1 1 If" 1 If- If- 1 1 1 Gtood Middling Strict ^^gon Low Middling Strict Middling Stained.... Low Middling Tinged s^gofl Low Middling 14 off ^u oA Middling Stained 7,g ofl Low Mid. Stained.. . 1 ofl Oood Ordinary lijeoff Low Middling Stained 1% ofl On this basis the offloial prices for a few of the grades for the past week— March 17 to March 23—would be as follows. Strict 'ib off Good Ordinary ^ UPLANDS. off Strict mon Tnes Sat. Good Ordinary. 813i8 97,6 Low MlddUng.. 813i8 llTed 813i6 97,6 97,a Middling Good Middling.. lOSs GULF. Low Middling.., 9I16 9i,fl 9111, 9Hl6 911,8 loie Sat. Low Middling ~8>r MlddUng Strict mddling ^> 958 , Gk)od Middling Tinged. 978 lOie 813, 8"l3i8 97i6 97,8 103,8 1088 978 103ie lOBs 9 'a UTed Til. Frl. 9li« 107ie 1078 STAINED. 10 Bb 9ii,f Good Fair.., 103ie 9lifl Middling Middling.. 103i6 lOBs Mon Tnes Sat. Good Ordinary. Middling 103,6 1088 103,8 Middling Fair... Th. Frl. 91,8 ~9ii7 911,6 91I16 lOie 1018 10i« 10l8 107,e 1078 107i8 1078 107,8 1078 107,8 1078 Til. Frl. 8i« 97,8 953 979 81s 97i6 mon Taes 'Wed 8I2 81a 8ifl 988 978 958 978 958 979 American959 978 The quotations for middling upland at New York on Mch. 23 for each of the past 32 years have been as follows. 1900.... 1899. 1898. 1897. 1896. 1895. 1894. 1893. 979 6B,8 738 778 Sola 9 1892. ...0. 6i3j8 1891 9 1890 1889 1888 1887 1886 1885 Quiet... Quiet... Quiet... Wednesday Quiet & ilmrsday.. Quiet... Friday Quiet... TotaL. 1876...,o,136i8 1688 1688 19i« 2288 I514 1875 llifl 1874 1018 1881 1013,8 1873 10 1880 133ii 1872 103,8 1879 1018 1871 1878 1078 93ie 1870 llBie Ilia 1877 1869 MARKET AND SALES. Spot Mabkbt Olosbd. Satorday Monday.. Taesday . 1884....o,lli« 1883 lOie 1882 123,8 FUTCRBS Market Olosbd. Steady B'rly steadv. Q't but sfdy steady. Steady Steady Q't but sfdy Salbs of Spot 22% 28 1« & Oontbaot Ex- Oon- Con- port. sump. tract. 500 Total. 500 2,800 7,400 1,700 2,168 68 4,600 1,100 2,100 68 7,800 12,268 600 1897. 1898. 1899. 1900. Stock at Liverpool bales. 657,000 1,756,000 1,216,000 1,349,000 Stock at London 3,000 3,000 4,000 3,000 Total Great Britain stock. 660,000 1,760,000 1,219,000 1,362.00« Stock at Hamburg 19,00(1 9,000 17,000 20,000 Stock at Bremen 261,000 406,000 311,000 193,00« 6,00€ Stock at Amsterdam 3,000 3.000 1,000 30C Stock at Rotterdam 400 200 £00 12,00c Stock at Antwerp 11,000 7,000 3,000 Stock at Havre 237,000 285,000 292,000 228,00( 5,00( Stock at MarseUles 6,000 4,000 3,000 72,00< Stock at Barcelona 75,000 77,000 78 ,000 42,00< Stock at Genoa 34,000 72,000 48,000 12,00( Stock at Trieste 14,000 3,000 1,000 Total Oontinental stocks 649.300 891.200 740,400 589,30< Tetal European stocks. ...1,309,300 2,b&l,200 1,959,400 1,941,30< India cotton afloat for Europe 79,000 76,000 133,00( 29,000 Amer. cotton afloat for E'rope. 454,000 277,000 571,000 319,00 41,00' Egypt, Brazil,&o., aflt.for E^pe 23,000 35,000 29,000 Stock in United States ports.. 846,910 825,321 1,016,517 761,00: Stock in U. S. Interior towns. 360,257 456,231 424,195 276,59 3,46 29,422 United States exports to-day..^ 43,649 14,668 Total visible supply 3,078.116 4,332,420 4,102,534 3,475,36 Of the above, totals of American and other descrtptlonB are as followi 500 Liverpool stock Oontinental stocks 557,000 1,631,000 1,077,000 1,184,00 627,000 833,000 709,000 522,00 American afloat for Europe. . 454,000 277,000 571,000 319,00 United States stock 846.910 825,321 1,016,517 761,00 United States interior stocks. 360,257 456,231 424,195 276,5S 3,4( United States exports to-day.. 43.649 14,668 29,422 Total American 2,888,816 4,037,220 3,827,134 3,066.0( East Indian. Brazil, <tc. Liverpool stock 100,000 125,000 139.000 165,0( 3,0< Londonstock 3,000 4,000 3,000 67,3( Oontinental stocks 22,300 53,200 31,400 India afloat for Europe 29,000 79,000 76,000 133,0< 41,0< 35.000 29,000 26,000 Egypt, BrazU, Ac, afloat Total East India, Ac 189,300 295.200 27.^.400 409,8< Total American 2,888,816 4,037,220 3,827,134 3.066,0' Total visible supply 3,078.116 4,332.420 4,102,534 3,475.3 515 d. 3ii3.>d. Middling Upland, Liverpool.. 35,fd. 331s; 9^-" Middling Upland, New York.. '8C. 76}. 61,80. 65,80. 5i4d. SBgd. 4i4d. &\ Egypt Good Brown, Liverpool 7ifld. Peruv. Rough Good, Liverpool 678d. 678d. 63l, 3l732d. Broach Fine, Liverpool 588d. 33sd. Tlnnevelly Good, Liverpool. 538d. 35,bd. 37, ed. J^~ The imports into Continental porta the past week ha been 138,000 bales. The above figures indicate a decrease in the cotton sight to-night of 1,254,304 bales as compared with the sail date of 1899, a loss of 1,024,418 bales from the correspondi date of 1898 and a decline of 397,24o bales from 1897. bales. — . »• i i « .. March THE CHRONICLE. 24, 1900.] At the Interior Towns the movement—that is the receipts for the week and since September 1, the shipments for the week and the stocks to-night, and the same items for the corresponding period of 1898— is set out in detail below. — Quotations for MiooLiNa Cotton at Other Markets. Below are closing quotations of middling cotton at Southern and other principal cotton markets for each day of the week. OLOSIMO QDOTATIONB FOB HIDDLINO OOTTON ON — VY ''eic e*tai*^0 March 23. New Orleans 958 97,8 Mobile Bavannah... 9ifl 9ifl Charleston.. 938 9^. g'a Wilmington. Norfolh Boston Baltimore Philadelphia CO o *^ to >J CO ^ W o CC05Oll>''-«'C0^I^O-JCCOCT. >^ ui W I If^ oo I-* >~* >~' lO- WMHiiO lOifl 9ii,e Memphis 97ifl tSM K) CCCOCOCJa05<JtO-<10MnOCO<ltO»3Wt-'i»klX)0<C"MO:fOto05l«>.COi*.0 kOOSO'aOCOOlOWOOMMKXf'O'l-'Ot-'Wi-'lt'CCCnr-'OWltkQDCOlJk'vl M >i 05 COM w;M W h'm 00 OI to to'w lf'OMavC0WCB-J<; cots; »-'*>»-' (0 0> ifc 0< OS to (-• V V] CiiCO. cD<^<K^ooa6060l(^cD<^col-'^Sl;^on»o^o* ©o OH'COtOOiOCO&OOl'O-JOOl-'iti.OSl-'lf^O'l^CflCO if» • CO o KO— l^kH-^ to CO KICO CO lfco^3tooos'-'o^^oco<l03^^^ w<itooic>-0'i(^«i*>-ojto<i •J ^t0Wt0l^C0O«'05W«'Clf'O:00Q0l-'-lPt>-t0l^C0-s)i»kOC0t0l0COClQ0 low «0 00 I ' li la ^ M I ^ to CO ococotoi-' 2 si tOMMfcc«wic;>ooi^<ico<)<ioo«'i— I » a '^ CO - s 00 »3 00 00 to a> to 1^ CO cow CO to 05 32*»<lt0^Oif»-i^C0O5OOO<<IC0CA:00*^a5O'©_OOk0<l -J CO J'^CO OoViloWO <l^ O' <c ro co'cor-' oVj 05 o'«>'o"b> 00 V O V O OSbSOD c 05 1^ 00 tn C5 |fkQOO>COCCCO»Jfc0 00 00 03CO>-'l-'COtO«Jl-'0>OOCDC»05tOtOlt».05 0C000 03 M 05 CO >-''cO I-' Co'^ 00 0>"*''(tk CO "J-'tO CJi ^OKlH'WI-'aDOOOSCKOOO.l^Ollt'COOWOIQOlOWOCOQOCOCOH'COOitO S10D«>C0^C0Oi-'C0mC0O<O<Il^lf»-JU'Ki.OQ0i-'H'05Q000 — <)Wl(kCO (OCK toco CO^ CO CO to 00- COk ©ooi; >-'>-" ©I-^IWCOOO; O W >- CO CO The above I-* 14 W CO ^ O Kl CO M CO OlKSCOCOtO'^OOI-'^tO^M wt3to«<Mp-'aoooif«.o»>fceo<nooiM'.D^l<105© to 05 ^ CO CO to CO oo CD ^ 00 05 Oi W 00 CO 00 05 H'OC0 000DtO©Kii<>.COai)t>-ll>.COiO©l^05«3 OiCO' J^tO C;i If' I-" 00 05 show that the interior stocks have deweek 29,971 bales, and are to-night 95,974 same period last year. The receipts at all towns have been 58,910 bales less than same week last year. Overland Movement for the Week and Since Sept, 1.— We give below a statement showing the overland movement for the week and since Sept. 1, as made up from telegraphic reports Friday night. The results for the week ending Mch. 23 and since Sept. 1 in the last two years are as follows. totals 1898-1899. 1899-1900. Week. Since Sept. 1. Week. Since Sept. 1. ghipped— Via St. Louis 13,559 3,139 178 VlaOalro Via Paduoah VlaKook Island Via Louisville.... Via Olnolnnatl 350 3,362 2,347 11,214 ... Vlaother routes, Ao. Total gross overland Deduct shipments— Overland to N. T., Boston, 74fi,102 207,132 10,303 12,604 lfl8,253 123.379 265,457 11,133 4,980 605 816,799 358.353 416 43,107 157,613 137.5^7 134,147 3,833 3,918 7,143 17676 34,149 1.563,230 32,028 1,665,252 Between Interior towns Inland, Ac, from South 1,560 247,339 71,120 79,424 Total to be deducted. 13,937 397,883 dio.. 12,301 76 9,060 671 3,568 441,217 31.079 61,862 13,299 534,158 Leaving total net overland*.. 20,2121,165,347 18,7291,131.094 * Including movement by rail to Canada. The foregoing shows that the week's net overland movement this year has been 20,212 bales, against 18,729 bales for the week in 1899, and that for the season to date the aggregate net overland exhibits an excess over a year ago of 34,253 bales. 1898-1899. 1899-1900. In Sight and Spinners' Tdktngs. Week. Since Sept. 1. Week. Since Sept. 1. 104.023 5,875,636 108,622 7,550,561 20.212 1,165,347 18,729 1,131,094 Southern consumption to Mch. 23 31,000 854,000 26,000 764,000 Receipts at ports to Mch. 23 Net overland to Mch 23 Total marketed Interior stocks in excess 1018 ^i^»6 2i'»« ^> 9^ S58 9% The closing quotations to-day (Friday) at other 9% 21' 1018 sy'« 23i« SI»« 99l6 9«>8 968 important 99ie 93ig 9i« 914 Colnmbus,Mlss Eufaula Little Rock.... Montgomery... 9H 938 918 938 Nashville Natchez Raleigh Shreveport 914 93ia 958 9iia advices port that work is quite backward, and in Alabama this is said to be due in part to scarcity of labor, the mining districts of the State having attracted many laborers. Galveston, Teaias. —There has been heavy rain on two days the past week, the rainfall being two inches and seventy-six hundredths. The thermometer has ranged from 38 to 70, 54. Average thermometer 56, highest 80 and lowest 32. Corpus Christi, Texas. —There has been rain on four days of the week, the rainfall reaching forty-four hundredths of an inch. The thermometer has averaged 65, the highest being 84 and the lowest 48. San Antonio, Texas. It has rained heavily on two days of the week, the precipitation being one inch and seventy-eight hundredths. Average thermometer 61, highest 82, lowest 40. Abilene, Texas. We have had showers on two days the past week, to the extent of sixty- five hundredths of an inch. The thermometer has averaged 53, ranging from 36 to 73. New Orleans, Louisiana. —We have had rain on three days during the week, the precipitation reachin;; one inch and fifty-one hundredths. The thermometer has averaged 57. Shreveport, Louisiana. It has rained on two days of the week, to the extent of one inch and thirty-eight hundredths. Average thermometer 55, highest 81 and lowest 31. Columbus, Mississippi. We have had rain on two days during the week, the rainfall reaching three inches and fiftytwo hundredths. The thermometer has averaged 60, the highest being 84 and the lowest 82. Vicksbura, Mississippi. — We have had rain on three days during the week, the precipitation reaching one inch and sixty -two hundredths. The thermometer has ranged from — 1^ ereaaed during the bales lesb than at March 23. 10% Palestine, Texas.— It has rained heavily on two days of the week, the rainfall reaching two inches and thirty hundredths. oo a V| M03 M CO toV" en »3 CO 978 91B18 9iBie 10^8 91118 9i.,e 9% 91-3 . averaging Olsa Vcn •g>-'tOa005^0'~JtX>kOOOOXU'aOCO*-<I»05pf>-Qrtf».<ICOltkODOiO>W "C0*t0 9\ 9 '8 On the whole, has been heavy. has been rather unfavorable for farming operations the past week, and as a result preparations for the new crop are stated to have mide only slow progress. A number of our correspondents, moreover, re- I I- lOlO to 9 lie g's 9i&,e therefore, the weather w 00 9iha 9 "^8 tricts the precipitation to tO^OOCJ>l-'»^W">'tf^»-'-0®OOaiQDI-'«l3i-]eO cjo 9ii?,e from the South this evening indicate that there has been rain at most points during the week, and in some dis- 8?1 35 CD to Ol-'OW*'0' QOyiMr'COOl «>C0 913 913 9»fl Weather Reports by Telegraph.— Telegraphic MW0iO«q«i>-'0"l^t0p^ M; 9>fl gifl to us WK^OOOO »Olf»>OOtOW tiCDC;-©*-' 00 <1 bO 958 938 938 2I18 9916 Oolumbua. Ga. Kll-'^t-' |f>- 9I3 9I9 Fri. 958 938 913 9»« 958 958 Atlanta Charlotte CO *-ia H'Oi W O00''<l ^0'QDO-'OSb50'ODOono<kMM<lCO'-'ffOlf»' ->-. OiOCOOSOOl^COCO I K) 9^ 9^ Thurs. ^^8 Athens ' 0» 9S8 938 Southern markets were as follows. ; CO lOie 959 97,6 97,e 958 913 9!^ 97ie 9»I6 Louisville-.. ^- I-" 9^ 9^ Wednes. ^Z'« 97ie 958 91* Louis Olnolnnatl ^ O '^ C M to CO OCOOOtO t3«IC35CO<103l-'P-'CO<ytOlfO<CO U> 00 9>fl 9ia,6 9^8 9'&16 gioie Houston CO 09 Vowu<i^M*OMtO»OfO>-'»OMCOMl-'t-'W»3ha )_i i-i 968 97,a 9i« 9ifl Augusta St. to Tuet. 9»8 97,8 91^ 912 919 g-'e . ; Mon. Satur. Galveston... 00 695 155,235 7,894,983 153,351 9.445,655 *29,971 117,074 *5,524 362,112 Game into sight during week. 125,264 147,827 9,797,767 Total In sight Mch. 23 8,012,057 North'n spinners tak'gs to Mch.23 17,690 1.986,173 41,335 1.844,477 * Decrease during week. In 1898 the week's movement into sight was 125,735 bales; in 1897 reached 61,771 bales; in 1896 was 89,346 bales, and in 1895 was 129,717 bales. The totals since Sept. 1 in the same years were 10,018,851 bales in 1897-98; 7,772,278 bales in 1896-7; 6,343,883 bales in 1895-96 and 9,085,078 bales in 1894-95. — — — 34 to 77, averaging 54. Meridian, Mississippi. It has rained heavily on three days of the week. As a result of the continuation of wet weather preparation of the soil has been delayed, and consequently planting will be late. have had light rain on two days Helena, Arkansas. during the week, the precipitation reaching thirty-five hundredths of an inch. More rain has fallen in the vicinity. The thermometer has averaged 48, the highest being 69 and the lowest 27. Little Rock, Arkansas. The weather is too cold for planting corn or any crops. There has been rain on two days of the week, the precipitation reaching seventeen hundredths of an inch. The thermometer has averaged 46, ranging from 30 to 69. Memphis, Tennessee. The season is backward and very litThere has been rain on two tle farm work has been done. days of the past week, the precipitation reaching one inch and thirty hundredths, and rain is now falling. The thermometer has ranged from 24 to 65, averaging 44-6, Naf'hviUe, Tennessee.— Farming is very backward. The week's rainfall has been fifty hundredths of an inch. Average thermometer 40, highest 66 and lowest 16. Mobile, Alabama, Field work has made little progress the past week, having been considerably delayed by too much wet weather. There has been rain on three daya, the precipitation being one inch and seventy-seven hundredths. The thermometer has averaged 54, the highest being 71 and the lowest 35. Montgomery, Alabama.— The stock of cotton is being rapidly exhausted. Three hundred bales of 1898-99 poor cotton sold to-day to an adjacent mill at nine cents per pound. had rain on two days in the early part of the week, the precipitation reaching one inch and forty-five hundredths, and it is raining heavily to-day. The thermometer has averaged 51, ranging from 31 to 69. — —We — — — We . . . . THE CHRONICLE. 596 Selma, Alabama,— Farming operations have been somewhat retarded by the unfavorable weather and scarcity of farm laborers, as a result of the demand for labor in the mineral districts of the State. It has rained on four days of the week, the rainfall being one inch and twenty- five hundredths. The thermometer has ranged from 33 to 70, avering 52. Madison, Florida. Fertilizer sales to date are somewhat smaller than last season. It has rained on two days of the week, the rainfall reaching one inch and seventy hundredths. Average thermometer 63, highest 76, lowest 46. Savannah, Oeorgia. There has been rain on three days of the week, the rainfall reaching eighty-one hundredths of an inch. The thermometer has averaged 55, the highest being 78 and the lowest 34. Augusta, Oeorgia. —It has rained on three days of the week, the precipitation reaching forty-nine hundredths of an inch. The thermometer has averaged 49, ranging from 29 to 72. Charleston, South Carolina.— There has been rain on three days of the past week, the precipitation reaching fifty-eight hundredths of an inch. The thermometer has ranged from 35 to 74, averaging 54, Greenwood, South Carolina.— We have had rain on two days during the week, the rainfall reaching one inch and ninety-nine hundredths. The thermometer has averaged 44, the highest being 56 and the lowest 33. The following statement we have also received by telegraph, showing the height of the rivers at the points named at 3 o'clock March 23, 1900, and March 23, 1899 — — Mch. 22, New Orleans Above zero of gauge. Above zero of gauge. Above zero of gauge. Above zero of gauge. Above zero of gauge. Memphis BTashivllle Bhreveport Vlcksbuxg '00. Mch. 23, '99, Feet. Feet. 12-7 14-9 34*6 290 6-8 332 31 36-6 42-5 16-2 India Cotton Movement from all Poets.— The receipts of cotton at Bombay and the shipments from all India ports for the week ending Mch. 22, and for the season from Sept. 1 to March 32 for three years have been as follows: 1899-1900. Receipts at— 1898-99. Since Week. Week. Sept. 1. 1897-98. Since Week. Sept. 1. Since 1900. 8H Twist. 31,000 728.000 83.000 1,304.000 58.000 For the Week. Since September \ d. d. 16 7''8 asifl Qreat Britain. Oreat Britain. 1898-99 1,000 . 1897-98.. 1899-'00.. &o Total .... 1899-'00.. 1,000 — from -. 1899 59 376 45 400 50,050 12,260 5,180 520 7,207 754 260 94,861 821 62,437 13,524 11,938 Sept. 1, 1899. Qreat Oreat Fr'nce Brit'n. . Fr'nce Total. Bnl'n. die. 551 Savannah. Charl'fn.&c 7,604 2,166 2,163 yorth'n <£e. 632 30,112 81 Total. 3,035 3,237 33,349 3,035 i",939 3',793 Florida, &c. New York.. Boston Bait., Mills. Sines Week. Sept.1. 65 21,685 "59 1,231 16,652 5",732 &o Total 551 81 632 35,086 7,030 42,116 124 39,558 478 10 488 18,200 7,783 25,983 875 31,835 Quotations Mch. 23 at Savannah, for Georgias, extra 19^c.; fancy, 20c. Total. fully fine, 21i^ to 23o. Charleston, Carolinas, 1,000 2,000 2,000 3,000 15,000 7,000 4,0n0 17,000 9,000 OOOs knitted. 4,000 10,000 24,000 61,000 24,000 24,000 65,000 34,000 October 74,000 336,000 171,000 Slock. 70,573 7,529 16,759 2 ... 1898-1899. Week Ending Mch.23. Since i.obo 3,000 12,000 16,000 11 11 11 11 Exports 9,000 17,000 12,000 3.000 20,000 18,000 2 2 — 8,000 15,000 10,000 2,000 20,000 18,000 9t 96 9G 9H 1 2 This Since Since This week. Sept. 1. week. Sept. 1. 1900. 19c.; choice, Total all1898-99.. 1897-98.. d. 8. The exports for the week ending this evening reach a total of 632 bales, of which 551 bales were to Great Britain, 81 to France and to Bremen, and the amount forwarded to Northern mills has been 124 bales. Below are the exporta for the week and since Sept. 1 in 1899-1900 and 1898-99. 1,000 2,000 2,000 2,000 2,000 5l0jl2 19P Charleston, Florida, &c 40,000 249,000 132,000 2,000 2,000 1898-99.. 1897-98.. 7^2 6^98 Savannah 39,000 245,000 130,000 1898-99. 1897-98.. All others— 7ifl d. lifl^e lOifl 515, (,-611,, 1899-1900. 1,000 4.000 2,000 1899-'00.. 518^fl«688 6»3a8 Receipts to Mch. 23 1,000 17,000 18,000 Madras— 51318^688 6 7 61338 d. 513i6®6»8 513j,^688 S'e ©611,8 1, 1899, the stocks to-night, and the same items for the corresponding periods of 1898, are as follows. -• • 17,000 18,000 1,000 d. 6>fl®8 1. Calcutta— 1898-99.. 1897-98.. d. Sept. Total. 1899-'00.. d. 4ifl 4ifi 53 43 5i« 538 5I632 519,2 Uplds to finest. We 750.000 Bombay— 1899-'00.. s. 98 99 6 6 Tvoist. Uplds Sea Island Cotton Movement.— have received thia (Friday) evening by telegraph from the various ports the details of the Sea Island cotton movement for the week. The receipts for the week ending to-night (Mch. 23) and since Continent. Continent, d. Fb. " 23 T's ®8S8 Mob, 2 8^6 ©9 " 9 86ie'»9i4 •• 16 838 '99^ " 23 838 '99^ 8 k lbs. Shirt OoWn 32s Cop, ings, common Mid. common Mid to finest. Sept. 1. Exports from— 1899. Ihs. Shirt- Oott'n 32« Cop. ings, Total 1898-9 Bombay. LXX. [Vol. 77,000 348,000 187,000 According to the foregoing, Bombay appears to show a decrease compared with last year in the week's receipts of 52,000 bales. Exports from all India ports record a loss of 17,000 bales during the week and since September 1 show a decrease of 271,000 bales. medium fine, 18c.; fine, fine, 19 to 20c.; BxpoHTS OP Cotton Goods from Great Britain.— BeJow we give the exports of cotton yarn, goods, &c., from Great Britain for the month of February and since October 1 in 1899-1900 and 1898-99, as compiled by us from the British It will be noticed that we have Board of Trade returns. reduced the movetuent all to pounds. TarnJcThread. '99-'00 1898-99 1899-'00 Tds. •99-'00 1898-99 18»9.'O0 1898-99 Lbs. Tds. Lbs. Lbs. 22,419 476,979 441,709 . 20,997 24.263 22,326 . . 18,406 23,474 426,487 Tot.lst quar 61,822 70,052 1,344.17.'^ January February 19,803 20.836 464.047 17.14C 20.407 439.312 November. December lotal of Ail. Oloth. Lbs. 84,440 Lbs. 103,693 94.39i 104.496 99.232 117,836 1.374,283 254,302 269.66; 318,124 329,719 107.558 100.217 106.606 89.977 83,499 80.826 453.653 434,194 87.755 83.077 80,836 85.770 82.(91 articleag Total expc)rt8 of c Lb). 112,396 446,899 427,823 499.581 Stockiners and aooks Sundry 1898-99 otton nlanufactiires 103.161 102.498 439 315 11.915 10,698 536.253 549,836 The foregoing shows that there has been exported from the Alexandria Receipts and Shipments op Cotton.— CTnited Kingdom during the five months 536,253,000 lbs. Througharrangements we made with Messrs. Davis, Benachi of manufactured cotton, against 549,836,000 lbs. last year, or & Co. of Liverpool and Alexandria, we now receive a weekly a decrease of 13,583,000 lbs. oable of the movements of cotton at Alexandria, Egypt. The A further matter of interest is the destination of these following are the receipts and shipments for the past week exports, and we have therefore prepared the following and for the corresponding week of the previous two years. statements, showing the aaaounts taken by the principal countries during February and since October 1 in each of the Alexandria, Egypt, , March 21, Receipts (cantars*) . . This week Since Sept, 1 1899-1900. 100,000 6,204,000 This week. E^orts Since Sept. 1. 1898-1899, 75,000 5,271,000 This week. Since Sept. 1. 1897-98. 90.000 6,153,000 This week. 1900. Sept. 1. Bast Indies 4,000 340,000 7,000 322,000 5,000 239,000 4,000 237,000 5,000 284,000 6.000 294,000 Total Europe 11,000 662,000 9,000 476,000 11,000 578.000 pounds, t Of which to America in 1899-1900, 67,048 bales; In 1898-99. 34,401 bales; in 1897-98. 33,132 bales. A oautar Is 98 This statement shows that the receipts for the week ending Mcli. 21 vvere 10i),000 cantars and the shipments to all Europe 11,000 bales. MANOiiESTEH Market.— Our report received by cable to-night from Manchester states that the market continues firm for yarns and steady for shirtings. Production is being curtailed. We give the prices for to-day below and leave those for previous weeks of this and last year for comparison. February. Piece Hoods— Tards. (000s omitted.) Since (bales)— To Liverpool To Continent t last three years: BXPOETS OF PIECE GOODS AND TARNS TO PKINCIPAL OOITNTEIKB PEBRUART AND FROM OCTOBER 1 TO FEBRUARY 28. Turkey. Egypt and Africa... China and Japan Barope (except Turkey) South America North America ^11 other oouatrles Total yards. Total value. 1899. Oct. 1898 203,750 195,760 58.330 65,326 67,412 68,988 44,691 43,729 29,398 25,610 29,866 28.H64 38,365 37,lal i!8,619 a4,588 19,160 31,6b3 31,8s2 27,62ti 19,'i.482 I899-'00. 1 IS to Feb. 2i. 1898-99. 1897-88. 957,324 1,039,329 l,ni2.1SS 331,3-1 380.216 367.330 18)<.108 383,738 226.854 127.t87 123,368 1X9,373 187.616 li3».t>9^ 1S8,134 100,368 121,263 169,040 137.00S 161,419 157.644 139.312 434.194 410,716 2.247,534 8,262,130 £4.336 £4,006 i3.83^ £21,862 «20.740 2^2,838 19.449 15.948 16,918 & 19,671 Tarns— Lbs. (0008 omitted.) iermany 2,283 2,749 2.«6i 8,224 uth. Barope (except Turkey; Blast Indies 1,804 .S,fll6 3,724 3,448 4.25(1 1,401 1,1&9 1,511 8,6il 1.476 2.621 1,432 1.581 11,219 15.S04 12.24& 17,606 10,2'» 0,259 8.092 14,355 18.154 tn:*-* HiK-M 21,391 £7»>* 84,410 FS.4U? iloUaud.. Jhlnaand Japan Turkey and Werpt 111 other countries Total lbs Total viiln» 2,777 .S,1P0 3.349 if .517 l7,^0:? 20,2>ll l9,^0<» 18,371 9.WSS 12.381 7,766 26.870 14.849 13,8»6 93,013 .S R04 113,998 8.2M • 4,8W , . March THE CHRONICLK. 24, 1900.] Mch. 2 — Shipping News. As snown on a previous page, the exports of cotton from the United States the past week have reached 167,100 bales. The shipments in detail, as made up from mail and telegraphic returns, are as follows: l,177.-..LaGa8eogne, 9. ...Turret Chief, 694 500 To Genoa, per steamer Marco Mlnghetti, 1,128 To Japan, per steamers Afghanistan, 1,106 - Sales 8peo. 971 398 i 300 167,100 .. The particulars of the foregoing shipments, arranged in our usual form, are as follows. -Oth.Wropt-^ Mexico N. Orleans. 17,085 7,892 971 Galveston. 4,343 9,503 9,372 Fensaooia. 4,670 Savannah.. 11,481 4,431 13,188 Brunswick 15,269 Charleston ...... 6,831 Wllmingt'n 9,800 N'p't News 1,084 Boston 5,494 Baltimore. 775 9,223 398 <tc. Japan. 3,374 1,128 1,533 1,102 3,685 1,038 58,6 6I532 51633 7,000 9,000 8,000 10,000 12,000 8,000 500 500 500 500 500 500 (juiet at partially 1-64 dec. Barely steady. adv Steady. Barely Very steady. steady. 5 01 means 5 Barely Br'lyst'dy steady at 1-64 @ a-64 1-64 adv. decline. Firm. Quiet. Quiet. Easy. 1-64(1. Mch. 17. Mch. 19. L21» d. 1 1 45 5' M Wed. Tnes. d. d. d. 29 5 26 27 521 24 5 21 21 5 18 18 15 15 5 \2 5 25 5 26 5 29 5 5 23 5 24 5 27 5 5 20 5 21 5 23 5 5 16 5 18 5 20 5 5 13 5 15 5 18 5 5 10 5 12 5 15 5 05 5 02 40 4 39 28 4 27 Oct.-Nov.-.. 22 4 21 Nov.-Deo... Deo.-Jan 4 20 4 2u 4 19 Jan -Feb.... 4 19 419 4 18 5 02 5 02 5 05 5 4 39 4 42 4 43 4 4 27 4 30 432 4 421 4 24 4 26 4 4 19 4 22 4 24 4 4 17 4 20 4 23 4 May- June.. June-July. Juiy-Aug.... Aug.-Sept... Sept. -Oct.... => Tlinr* Mch. 20. Mch. 21. Mch. 22. Me/i. 23. 4 1:45 4 t:46 4 1:45 4 P.M. P.M. P.M P.M. P.M P.M. P.K >% d. 33 5 531 5 5 27 5 5 24 5 5 21 5 5 18 5 t03 5 4 42 4 4 29 4 4 23 4 5 d d. 29 5 27 26 5 24 23 5 21 20 5 18 17 5 15 15 5 13 05 5 03 44 4 42 32 4 31 26 4 25 24 4 23 23 4 22 1:45 4 P.M. P.M. d. d. 5 22 5 25 5 22 5 21 5 20 5 22 5 20 5 18 5 17 5 19 5 17 5 15 5 13 5 16 5 14 5 13 5 11 5 14 5 11 5 10 5 09 5 11 5 09 5 08 4 63 5 02 5 00 4 63 4 40 4 42 4 40 4 41 4 30 4 32 4 30 4 31 4 25 4 27 4 25 4 26 4 23 4 25 4 23 4 24 4 22 4 24 4 22 4 22 BREADSTUFFS. 5,250 coma, 2,500 1,150 5173a 2 61 3,759 fforth. South. 51532 Barely steady at Glenogle, 2,750; Ta- 8.435 Easier. Carlisle City, ". 820 2,927 809,000 Easier. P.M P.M M.ch.-April.. April- ftfay.. of Pekin, 300 March 17 March 23 5,464 589 . 230,000 209,000 Fair business doing. and March March To Bremen— March 17— Steamer Borkum, 3,293 8,223 21— Steamer Hannover, 4,930 17 1,000 -Steamer Batavla, 1,000 To Hamburg-March 200 To Rotterdam-March 15— Steamer Ohio, 200 Portland, Me.— To Liverpool— March 19— Steamer Buenos Qer- 270,000 252,000 J 1,084 775 many. 111,000! 98, 000; 4'- Firmer. lion. 15,269 6,831 9,800 Ayrean, 589 i 4 63-64d.. - ports. 8,000 86,000 632,000 527,000 The prices of futures at Liverpool for each day are given below. Prices are on the basis of Uplands, Low Middling clause, unless otherwise stated, l^p* The prices are given in pence and 64<A«. Thus: 4 63 mttarts 4,431 13,188 775 I 4:p. M. 11,481 Boston— To Liverpool— March 14— Steamer Lancastrian, 493 March 17— Steamer Irishman. 5,001 BALTIMORE—To Havre— March 14 Steamer Sir W. T. Lewis, I Market, arket, 1,038 doah. 1,084 Oreat Frencn 4.^,000 00 Easier. Qutei. &exp. 1:45 p. H. 4,670 . .„ 1,100 44,000 6,000 67,000 657,000 657,000 97,000 87,000 227,000 2,-, Futures. 6,657 7.532 1,840 3,685 To Bremen— March 17 -Steamer Freshfleld, 7,532 To Hamburg— March 17— Steamflr Eric. 1,840 To Japan— March 17— Steamer Almond Branch, 3,685 Pbnsacola— To Liverpool— March 17— Steamer Alicia, 4,670 To Venice— March 17- Steamer Ivydene, 1,038 SAVANNAH- To Manchester- March 22— Steamer St. Quentin, 10,930 upland and 551 Sea Island To Havre— March 17—Steamer Cairnmona, 4,3:0 upland and 81 Sea Island ToBremen—March 23— Steamer Labuan, 13,188. .. Bbunswiok-To Manchester— March 16— Steamer Dromore, 8,630. --. March 20-SteamerGor8emore, 6,639 Charleston—To Bremen— March 17— Steamer Hebe, 6,831... WnjMiNGTON—To Bremen— March 2 1— Steamer Yearby, 9,800. Newport News-To Liverpool— March 20—Steamer Shenan- } P, Market, 1,533 1,102 4,343 2,846 berg, 6,657 Total 2,0(H> Monday. Tuesday. Wed'day. Thursd'y FYiday. Mid. Upl'ds, 9,723 3,835 7,892 1 Tacoma—To Japan— March 20—Steamers 2 s 6, 000 230,000 , 53,000 ,000 63,000 -. Sat'day. Market et, 1:45 3,374 3,527 Liverpool— Mch. 20 Steamer Texan, 3,527 To Manchester— March 19— Steamer Greta Holme, 4,461 March 20— Steamer Treasurer, 5,262 To Belfast— March 21— Steamer Ramore Head, 3,835 To Havre- March 17— Steamer Carolina, 7,892 To Hamburg— March 21— Steamer Helvetia, 971. To Rotterdam— March 19— Steamer Wimborne, 898To Oporto— March 23 -Ship Oceano, 1,533. ....7 To Tamplco-March 21— Steamer Arecuna, ,102 Galveston—To Liverpool -March 21—Steamer Paulina, 4,343 ToHavre— March 16 -Steamer Ulveretein, 2,846 To Dunkirk- March 16— Steamer Hermann Wedel Jarls- New York. afloat Spot. Royalist, 2,268 Ban Diego, Cal.—To Japan-Mch, 17 -Steamer 52<',000 7.5,000 62,000 1,000 2,140 1,150 1,128 San Francisco -To Japan— March 15— Steamer City 42,000 P.OOO 96,000 63",000 75,000 1,000 4,000 57,000 4,000 60,000 615,000 504,000 62,000 Mch. 23. The tone of the Liverpool market for spots and futurts oaoh day of the week ending Mch. 23 and the daily closing OTioesof spot cotton, have been as follows. 2,927 6,295 bert, New Orleans— To 1,000 Of which American Flowergate, Lahn, 620... To Bremen, per steamers Bremen, 5,675 To Hamburg, per steamer Palatla, 2,140 St. CuthTo Antwerp, per steamers Kensington, 650 47,000 Amount 95 725 To Manchester, per steamer Homer, 725 To Havre, per steamers Britannic. 1,047 bales. , Total bair* Nbw York—To Liverpool, per steamer Cuflo, 95 week Mch. 16. Mch. 9 Of which exporters took... Of which speculators took. Sales American Actual export Forwarded Total stock- Estimated Of which American— Est'd. Total import of the week Of which American Sales of the to arrive. EHVn. 5^7 — The market for jute bagging continued active during the past week, and a large business has been transacted on the basis of Q@6%c. for 1^ lbs. and 7c. for 2 lbs., standard grades. Jute butts continue dull at 105c. for paper quality and l^^c. for mixing Jute Butts, BAaoiNO, &c. has 3,759 1 Toi' . 17,834 28,981 26,b03 5,703 29,100 15,2fc9 Friday, March 23, 1900. market for A buying for export account, both European and the West Indian, and there also was a limited number of orders received from local jobbers. At the close, however, owing to the weaker turn to the grain market, demand fell off, and prices showed some irregularity. Low-grade winters ani spring clears were in small supply and well held, but the better grades of winters and spring patents were easier, it being necessary to fair volume of business was transacted in the wheat flour early in the week. There was some Rye flour has been quiet but accept lower prices to sell. firmly held for high grades. Buckwheat flour has been neglected, the season being practically over. Corn meal has had only a limited sale, bat prices have held steady. 200 "589 589 Portl'd, Me Only a limited amount of speculative interest has been shown 300 in the market for wheat futures, and prices have declined. San Fran., 300 3,759 ban Diego. 3,759 5,250 Immediately following our last report there was a fractional Taooma 5,250 advance in prices based on stronger European advices and an Total.-.. 60,835 25,528 57,820 1,748 3,699 1,102 16,368 167,100 active export demand. Monday the market held steady during To Japan since Sept. 1 shipments have been 16,515 bales the early trading, as foreign advices were fairly encouraging. from New York, 3,300 bales from Baltimore, 43,240 bales Towards the close of the day, however, the market turned from Galveston, 35,359 bales from New Orleans, 9,650 bales weaker as ear operators became more aggressive in their from Pensacola, 14.353 bales from Savannah and 145,863 operatioup, favorable weather conditions in the winter-wheat bales from Pacific Coast. To Onlna. 6,899 bales from New belt and a subsidence of the export demand prompted selling. Predictions of large shipments from Argentine for the curYork, &c. Cotton freights at New York the past week have been rent week also was a depressing factor. Tuesday prices further weakened under moderate liquidation prompted by as follows. weaker foreign advices, a continued full crop movement and larger decrease in the unsatisfactory export trade. an Frt Satur. Wednet. Thurs. Mon. Tuts. world's visible supply than expected rallied prices during Iilverpool 33 c. 33 33 33 33 33 the late -trading. Wednesday there was steadier market 40* Havre 40' 40* 40* 40* 40* 40* c. early in the day on foreign advices. Subsequently, h wBremen, May.... c. 35 35 35 35 35 35 ever, selling by regular traders weakened the market, and Hamburg 35 35 c. 35 35 35 35 the cloae was easier. Thursday there was a lower market. Amsterdam 35 35 e. 35 35 Favorable crop outlook in the winter-wheat section and full 35 35 Rotterdam 35 35 35 receipts prompted fairly general selling. At the lower prices c, 35 35 35 Reval,v. Hamb..e. 53 53 the export business improved. Business in the spot market 53 63 53 53 Bo V. Hnll...c. 43 has been moderately active but at lower prices. To day the 48 48 48 48 48 Do V. Copen..c. market was lower early under the large Argentine shipClenoa for the week. Subsequently rallied on an improved 37»« ments 3713 37 c. 3713 37ifl 371a 13 Trieste, d'ot. Apr. export demand. Sales for export here and at oatports were 43 43 43 43 43 43 Antwerp ll£4 336,C00 bushels. d. lit* "64 11.4 11.4 11C4 Ghent, v.Antw'p d. ^^ YORK. iag4 ug^ i»g4 DAILY CLOSING PRICES OP NO. 2 BED WIHTEB IN 1364 13,4 13,4 1364 ^4 "64 13f4 Fri. Wed. Thurs. Qaotattons are cents per 100 lbs. or fraotione of a penny per lb. Mon. Tuts. Sat. 79i8 • And 5 per 7988 79 7y78 SOSg 7h% Cash wheat f. o. b cent. 73i8 7238 72»4 7278 73^3 73 May deUvery in elev Liverpool.— By cable from Liverpool we have the f ollor - July '238 7214 ^ 73''8 73 73 delivery in elev 73k mg statement of the week's sales, stocks, &o., at that port, Sept. delivery in elev.... 73''8 73 72ifl 72''8 7214 73% 6,631 9,800 1,084 5,494 10,198 1 A _ >;. NEW — Q ; THE CHRONJCLE. 698 CHICAGO. DAILT CLOSING PKICB8 OF KO. 2 SPBINa IN March delivery in elev... delivery In elev July delivery in elev.... May Sat. Hon. 66% 6739 68I4 Wed. 65% Tuet. 6578 6638 6714 6658 6618 67ifl 67 65% Thurt. 6514 6558 66I3 Fri, 651s 651^ 661a Speculation in Indian corn futures has been less active and there has been a gradual sagging of prices. Advices from the interior have reported a slight increase in the country offerings. The principal factor against the market, however, has been unsatisfactory condition of the cash trade. This together with sympathy with the decline has prompted limited selling and with no aggressive buying prices have gradually nagged. Business in the spot market has been only moderate, as exporters have not been extensive buyers pries have been easier. To-day the market advanced on stronger foreign advices, light country offerings and small Argentine shipments. The spot market was firmer but quiet. Sales for export here and at oatports were 240,0 JO bushels. YORK. t»AILY CLOSING PBIOEB OP NO. 2 MIXED COBN IN Wed. Thura. Sat. Mon. Tues. Frl. 44S8 4414 43^8 4438 43% 43% Cash com, f. o. b Domestic Cotton Goods.—The exports of cotton goods from this port for the week ending March 19 were 11,393 packages, valued at $458,918, their destination being to the points specified in the tables below : Nkw York elev July delivery in elev. 42 % 42''8 42% .. 42^8 42J« 4258 DAILT CLOSING PKIOBS OF NO. 2 MIXED COBN Sat. Mon. Tuet. May 3758 delivery in elev July delivery in elev Sept. delivery in elev 3713 3778 3838 38 3714 3753 38i« 4238 4214 43 4213 4314 425g IN CHICAGO. Wed. Thura. Fri 3718 37 37% 3753 3714 3818 37% 38% Oats for future delivery at the Western market have been quiet, but despite the weaker turn to values for wheat and 3838 38 corn the tone has held steady, a fairly full cash trade having a tendency to support prices. The local spot market has been steadier on small receipts from the interior, light stocks and a moderate demand. To day there was a quiet but steady market. DAILY CLOSING PBICES OF OATS IN NE'W TORK. Mon. Sat. Tueg. Wed. 29 32 Thurt. Fri. 2914 2914 29 29 29 No. 2 mixed in elev 32 32 32 32 32 No. 2 wMte in elev DAILY CLOSING PBIOBS OF NO. 2 MIXED OATS IN CHICAGO. Wed. Thurs. Sat, Mon. Tues. Fri. 24 24 24 24 24 May delivery in elev... 24ie 23 2278 2278 23 2278 2278 July delivery in elev Rye has continued in slow demand with prices quoted largely nominal. Barley has been quiet but fairly steady. Following are the closing quotations: FLO UK. Pine Superflno Extra, No. 2 Extra,No. 1 Clears Straights Patent, spring (Wheat $2 10 -32 35 2 25 ©2 55 2 35 ®2 65 2 55 ®2 90 2 90 ©3 35 3 35 a 3 70 3 75 ®4 40 Patent, winter $3 70 City mills, patent.. 4 00 Ryeflour,8uperflne 2 95 ®3 85 ®4 30 ^3 65 Buckwheat flour Corn meal- •» 2 20 2 30 Western, etc Brandywlne flour in sacks sells at pri oes below those for barrels.) GBAIN. Wheat, per busn.— Hard Duluth, No.l N'th'nDuluth,No.l Red winter. No. 2. H'd Manitoba No.l Oats— Mix'd,p. bush. White No. 2 mixed No. 2 white o. 0. 7958'ai8138 77i8®7^7g 7738®79i8 Com, per bush. Western mixed No. 2 mixed Western yellow ®30 Western white Bye, per bushwestern State and Jersey ®33 Barley—Western 7858-38038 28 31 29 32 ®29is -8135 Feeding JV For other table* nauallF siven -32 25 ® 1900. 1899. 1 TTeefc. Since Jan. 34 27 9,817 Arabia..... Africa West Indies y^eek. Sinet Jan, 300 223 40 75.285 4,188 6,846 1.053 5,085 582 159 52,109 978 ""35 8,804 2,226 6,8ti0 2.939 10,169 1,771 894 106 111 339 232 1,080 1,743 13,745 2,337 108.616 1,762 90 623 108.616 1,762 90.623 692 70 260 386 107 Mexico Central America.... South America Other Countries.... 5 757 Total 11,393 China, via Vancouver*.... Total 1. 11,393 I. Prom New Enfiana mill points direct. The value of the New York exports for the year to date has been $4,149,183 in 1900, against |3. 162,038 in 1899. The only advances in cotton goods of any note this week have been in wide sheetings, several leadirg makes which have not been changed recently being raised 5 per cent. In bleached cottons last week's advances have not been followed by any others this week. The market is firm, a number of tickets being held at value, but the demand has proved moderate only. Brown sheetings and drills have sold indifferently, there is no export demand of any account, and the home trade buys lightly. Prices are firm for spot goods but barely steady for futures. Fine brown sheetings are in good condition and firm. The market continues strong for all descriptions of coarse colored cottons; plaids, ticks, denims, ftc, are diflBcult to buy for quick delivery at full prices. Kid-finished cambrics in quiet request but steady. For staple prints there is a steady demand of fair extent and prices of all descriptions are firm fancy calico is continued quiet but stocks being light prices are steady. In fine printea specialties and in printed napped goods the market is firm. G-inghams of all descriptions continue in light supply and firm in price. Regular print cloths are neglected at Z]^c, and in odd goods the market has been dull but steady at Fall River with occasional sellers outside at slight con; cessions. — Foreign Dry Goods. There has been no change in dress goods, a moderate number of orders being placed at firm prices. Silks are in quiet demand and steady. Ribbons also quiet. Some fair orders reported for fancy cotton dress fabrics for next season. Linens firm. Burlaps barely steady. Importations and Warebonse Withdrawals of Dry Good* The importations and warehouse withdrawals of dr> goods 4 2 Sg 34473 4278®4478 at this port for the week ending March 23, 1900, and since 43ie®4478 January 1, 1900, and for the corresponding periods of last o. o. 43^a45i8 year are as follows: 60is'362ia 59 49 -3163 ®53 42%®47i4 here aee page 568. THE DRY GOODS TRADE. o 9 ... O * no o ©a " gp . - B 9g: 9 . O '•2 £S! S& §1 Si o g« • ' • i tOCK QOM M 1^ M O OT O C! i^ p bS 05© ooaM wo ©to If ©00 o© tO-J^MOO 00 QO 05 _05» © w oTo 01 C:-.OQ0 MtO OOM _ ' !-• W I M ow w» ©*• 'r-m 1 ; I tOM©'>t3 ©©««© p 00 © o< aw -qtoto M© lb 00 a: CO wto u<o tOMtOl-'W w-a <1 W U" © MbO 00© 00 «0 I-' w o*' wto W03 I wiuoi'iooo -©01 CC M W <\ ^ © 00 -J I I I MMMtOM w o X oj-" <1 <1« UiW ooVjIaojlo OSif ©f MWtS to If ox© (-©x too X»©lf O <oa> l-'K)tO*».|f 00 00"-^© Jf 00 05~Jjf lointo^o® MOI «© If CO .. cO to © O to w to 00 O©© Wjf MOStOO!© lOlf ww^ 005WC.JM Ml^ 5" XS if V-'iowoi COl-<©MX Mlf C5Xif MtOODOM QOO lb. Tj t-'f-^ 0000 ODC^ QDO'WW-l If totoe©M S 1 5 Ji oow MtO ^01 X OOiOMO to w M~©if W o©bVi*to K^-lF- If 05 05M_>- 10 ""^©"©"if fi to 1.0 M W S* I WOO V< © tOWf MX9» •si (O VIWOSM© |S WMW ©CnOOWif to_>-pao© O Ow'loCDtO WW O If 3) © © © to to ©c« •>) I-" ojyi 00 I ©Wmchm to -1 if O 00 Wif W05_aow_j> oocooVico CO I O "Jto'to Of Mifocnco i-i to If ic^ QC©aw30 © ©©©yiw Q0®W<lW a .- *> © MW w If WW w;;i M^^MOOW &' CS ic 00 If inxi-ataB 5. If ".E'Io'tdV WIM ©lU "if lo if^OO If ~JCIt cn<b.ao 9! © to h-pp © V 05 «- m if xcoox to © ^- © © ow MW ©©©©OD WJi 0D©». GD33 0© Of 00 05*. C0<1 row ©tStOCOM ©w If"©"'-' too 00 00 -© MO© #> m5 ae 'if © _ ©00 QOW 1-1 if © to-w if CHW0©0 oyoDo© OS ocots «aif^ o<o _ a; o ©©oocio ©xw©© © © 0<if ©MM WW ^to ©©W to 00© _WWOD ©00 ^loK! 00 CO MO OJM© w-©M ©CO ©WW <l© M WC5<0CD CO to Oi*M QOCO <1 3 totOM^a OB 051-1 I-" Woolen Goods— In woolen and • •off. 00 50 staple cottons at least, provided there is not a further marKed rise in the price of raw material. The current demand has been of moderate proportions, but large enough to take off unsold supplies coming forward. Jobbing business has not been up to late proportions either here or in out-of-town distributing centres. The market for woolen goods has ruled generally quiet. Collections are reported sati factory. • s: lo W have weakened slightly on forward This latter feature and the absence of any advances of moment this week tend to confirm buyers in the opinion that the market has reached its top limits, in • o ill. II. <«: sellers business in staple lines. c.^: ©2.5? 2. ts : • 5 some directions worsted dress goods there has been a fair demand for fancies in medium grades for fall, but plain fabrics have ruled generally quiet. The latter condition was expected after the heavy early operations by buyers, but some disappointment is expressed that fancies have not sold more freely. The tone of the market In men's- wear woolens and worsteds prices show is steady. more irregularity outside of leading lines, and a number of sellers are looking for orders at fully 5 per cent under their early quotations. The demand has again been disappointingly light in both staple and fancy lines to those who have not got their production sold for the fall season, and it will take a free supplementary demand to put that division of the market in good shape again. Plain cloakings havesold fairly at steady prices. Overcoatings quiet and unchange d. Business in blankets and flannels is limited, but prices are very to Q.ef- B o New Yobk, Friday, P. M., March 23, 1900. Conditions in the market have not undergone any important change during the week in either the cotton or woolen .goods division. In cotton goods the chitf feature has again been the adherence on the part of a majority of buyers to a hand-to-mouth policy and the general indifference towards For spot merchandise and quick future requirements. deliveries the market fully retains previous strength, but in firm. to Marph Great Britain Other European China India NEW May delivery in [Vol. T.XX. "-• ©X—X oox« o— ©tcxao uiw'f to© en w O en W MtOOif © 2 - — — ——— March THE CHRONICLE. 24, 1900.J Swm —— — — : mt^ 0JTY l^tffimwtm. News Items. 599 — Andover, Mass. Description of Bonds The $20,000 sewer bonds recently voted will be in denomination of $1,000, dated June 1, 1900. Interest will be at the rate of 4%, payable June Principal will mature June 1, 1 and December 1 in Boston. 1905. — Los Angeles. Col.—School Bonds Invalid, Judge Oster of the Superior Cfourt on March 9, 1899, passed upon the application for a writ of mandamus in the action brought to compel the City Clerk to countersign the issue of $200,000 school bonds awarded last October to Seymour Bros. & Co,, New York City. (See Chronicle, V. 70, p. 191.) According to the Los Angeles "Times," this decision, if upheld by the Supreme Court, will invalidate not only the $200,000 school bonds but also the 13,090,000 water bonds to be issued. Judge Oster passed on two points only. The first was tbat the election was illegal in that the words "lor" and "against" were used in the ballot instead of the words "yes" and "no." The other point was that the bonds were made payable in "gold coin or lawful money of the United States," whereas the Act under which the bends were issued provided that they must be payable in "gold coin" or "lawful money," the Supreme Court having held in other decisions that either one or the other should be designated. The latter requirement was complied with in the case of the water bonds, but the ballots in the elections in both cases used the words "for" and "against." Massachasetts. Constitutional Amendment Establishing Debt Limit. Both Houses of the State Legislature have voted to admit a petition of Mayor Hart of Boston for a con stitutional amendment establishing a debt limit of 2}4% for As stated in the State and City Supplecities and towns. ment, there is at present no provision in the State Constitu- — mu tion limiting the power of the Legislature to authorize nicipal indebtedness, all laws on this subject being by general or special Acts of tbe Legislature. New iork City. Long Island City Bonds Valid.— On March 19, 1900, the Corporation Counsel forwarded to the City Comptroller an opinion holding that $350,000 Long Island City Revenue bonds issued in the years 1895, 1898 and 1897 were a valid obligation of the city. Of these bonds $50,000 issued in 1895 are held by the Dime Savings Bank of Brooklyn and the remaining $300,000 are held by the City of New York as a part of the former Special Sinking Fund of Long Island City. On the same date $19,000 43^'? gold water supply bonds of Long Island City dated Oct. 7, 1895, and maturing Oct. 7, These bonds are also in the 1915, were likewise held valid. Special Sinking Fund above referred to. Bond Calls and Redemptions. — Angels Camp School District, Calaveras County, Cal.— Bonds Voted. — At an election held March 10 the issuance of $15,000 bonds was authorized for a new sohool building. Arthur (111.) Union School District No. 7.— Bond Sale. On March 20 the $5,500 5% bonds were awarded to W. J. Hayes & Sons, Cleveland, at 103*68. Following are the bids — : W.J. Hayes ft Sons. Cleve C. S. Kidder & Co., ChlcaKo.. N. W. Harris & $5,697 00 5,627 50 Co., Chicago.. 5,625 00 . . Farson, Leach &Ce., ChlcaKO.|5,537 Meyer & Kiser, Indianapolis.. 6,685 00 Bonds mature $500 yearly, beginning July 1, 1902. Atlantic City, N. J.— Bond Sale.— Oa March 19 the $100,000 4^i park bonds were awarded to John D. Everitt & Co., New York City, at 116*27 an interest basis of about 3*594^. Following are the bids 116-27 C. H. White & Co.. New York... 111-70 John D. Everitt & Co.. N. Y Sutro Bros. & Co., New York ...1 11-66 Thompson, Tenny & Crawford, 116-14 Keder, Holzmaa & Co.. Clncln...lll 27S New Vork 110-00 llb'37 B. H. Gay & Co., New York Jennison, N. Y Dunscomb & 109-88 Lamorecht Bros. Co., Cleve N. W.Harris & Co., New York.. 11483 liib'S? K. H. Kollins & Sons. Boston. ..114-776 Sailer & Stevenson, Phila 108-79 B. 1). Sbepard & Co., N. K. Kleybolte & Co. and Season113-82 108-299 Mason, Lewis & Co.. Chicago Kood & Mayer, Cincinnati 108-04 11 2-801 Uenison, Prior & Co., Cleve Penhill & Kisher ...112-27 W. K. Todd & Co.. Cincinnati... 1080O K. C. Jones & Co.. New York. 106-75 Spitzer& Co., Toledo Farson, Leach & Co., New York. 112 15 112-0 6 W. J. Hayes & Sons. Cleve Principal will mature July 1, 1929. For description of bonds see Chronicle of last week, p. 546. A. Robbe, Augusta, da.— Offer to Exchange Bonds.— Mayor, gives notice that any of the holders of the $82,000 bonds maturing April 1, 1900, are accorded the privilege until March 24, 1900, of exchanging them at par for new bonds bearing 3}4% interest and running until April 1, 1930. All the re funding' bonds not so exchanged will be sold to the — : . » C best bidder. — BaldwinsTille, Mass.— i^oare Authorized. This town, in annual meeting assembled, authorized a loan of not exceeding $1(1,000. Battle Creelt, Mich. Bond Election. The Common Council has passed a resolution to submit to a vote of the people the question of issuing $100,000 paving bonds. Bellevue (Ohio) School District.— Bond SaZe— Following is a full list of the bids received March 19 for the $30,000 4^ school bonds $31,050 00 Seasongood & Mayer, Cinoin. $31,331 00 P. S. Briggs & Co., Cincin 31,315 00 W J. Hayes & Sons, Cleve... ;h0,910 00 Croghan Bank of Fremont. Lamprecht Bros. Co., Cleve.. 31,155 00 Mever & Kiser, Indianapolis. 30,910 00 Feder. Holzman & Co., Cin... 31,1»3 00 New First Nat. Bank, Colum. 30,8wO 00 31 ,137 00 Denison, Prior & Co., Cleve.. 30,883 OO W. R. Todd & Co., Cincin 30,650 00 S. Kuhn & Sons, Cindnnati.. 31,126 OQ Spitzer & Co.. Toledo R. Kleybolte & Co., Cincin... 31,091 tO Wright Bank'g Co.. Bellevue. 30,050 00 For dates of maturity and other facts relative to these bonds see Chronicle Feb. 24, p. 893. — . . Colambas, Ohio.— Bond Call. The Trustees of the SinkFund have called for payment April 1, 1900, various Bird Island (Minn.) School District.— Bonds Voted.— An street improvement bonds to the amount of $6,300. issue of $7,000 bonds for a school house has been authorized. Pierce County (P.O. Tacoma), Wash. Warrant Call.— Bolivar County, Miss. Bond Offering. Proposals will be Interest will cease March 26, 1900, on warrants Nos. 8,333 to received until 12 m., April 28, 1900, by L, E. Edwards, Clerk The amount of theee warrants to be re- Board of Supervisors, for $70,000 6% 15 3U-year (optional) 11,015, inclusive. deemed is about $55,00u and the interest accrued thereon bonds. Securities are dated May 1, 1900 interest will be This call includes all the warrants now outstand- payable annually on May 1 at the office of the County Treas$64,000. ing. It is stated that this will be the first time in many urer. A certified check for 2% of the par value of bonds bid years that the county will be clear of floating debt. In 1894 for must accompany proposals. Sixty bonds will be in dethe warrant indebtedness was about $400,000. Treasurer nomination of $1,000, sixtten of $500 and twenty of $100 each. Judson now has nearly $300,000 cash on hand, the result of BuflFalo, N. \.— Bonds Authorized.- Ar issue of $100,000 tax collections, but of this amount $65,000 goes to the city refunding bonds has been authorized by the Board of Alderand about the same amount to the State. Most of the war- men. rants called for payment are held by local people. County Callahan County, Texas.- BoTid Offering. Proposals will officials state that they hope not only to keep the county on be received at any time by B. L. Russell, County Judge, for a cash basis but also to retire some of the bonds which be the $20 000 4% court-house bonds recently voted and which come optional next year. have been approved by the Attorney- General. Securities will be in denomination of $1,000, dated April 10, 1900. Ining — — ; — Bond Proposals and Negotiations week have been as follows this : — Ada, Minn. Bonds Voted. At an election held March 13 an issue of $3,000 bonds was authorized. Adams, N. Y. Bonds Voted.— At the election held on March 20, 1900, the issuance of $21,000 3^% 5-30 year water bonds was authorized by a vote of 128 to 23. Bonds will probably be sold some time in April. Alameda, Cal. Bond Election. It is stated that an election will be held in this city to vote on the q uestion of issuing $106,000 improvement bonds. Alton (111.) School District.— Bond Sale.— On March 16 $8,000 i% 5-8-year (serial) bonds were awarded to the Mississippi Valley Trust Co., St. Louis, at 101 69. Ames (Iowa) school District. Bonds Voted.— At an election held March 12 it was voted to issue $7,000 school bonds. Amherst, Mass.— JSortd Sale.— On March 22, 1900, the $50,000 4% 20-year gold refunding bonds were awarded to Estabrook & Co., Boston, at 113 909. Following are the bids Estabrook & Co., Boston 112-9C9 Kidder, Peabody & Co., Boston. 112-41 B. H. Hollins & Sons, Boston. .112-89 C. S. Cummlugs & Co., Boston.. lir.iO Vormilye & Co., Boston ..112-075 ....118-79 Blake Bros. & Co., Boston — : i . Blodget, Merntt s. Co., Boston. U2-75 Harvey Fisk & Sons. Boston....lj2 76 H. W. Harris & Co., Boston 112-635 & Burr. Boston. ...112-U4 112-015 W. C. Simons, Springfield 11 1-61 Denlson, Prior & Co., Cleve 111-609 Jjae, Parker* Co.. Boston E. C. Stanwood & Co., Boston.. .111-50 W. J. Hayes & Sons, Boston. .111-19 Perry, Coffin terest will be payable semi-annually at the State Treasury, Austin. Principal will mature in twenty years, subject to call after ten years. — Caroline County, Md.— Bonds Proposed. A bill recently introduced in the Senate provides for the issuance of $8,000 bridge bonds. Carthage, Mo. Bond Sale.— As stated last week, this city sold on March 12 $1'',COO 4% refunding bonds to W. J. Hayes Sons, Cleveland, at 100-864. Other bidders were N. W. Harris Co., Chicago, par; A. G. Newell & Son, Carthage, par, and the Carthage National Bank, 100*20. For description of bonds see Chronicle Feb. 24, p. 394. Chemung County, N. Y.—Bond Sale.—Oa March 21 $7,000 4% furnishing bonds were awarded to Fred. Collins at 101*23 and $17,000 4% court-house bonds were awarded to Allen, Following are the bids Sand Co., New York, at 105 05. & & & : $7,000 Allen. Sand & Co., Fred. Collins Seasongood & New York Bond Issut. 10122 101-06 Mayer, Cincinnati JohnD. Everitt & Co., New York Geo. M.Hahn, New York R. Klevbolte&Co.,New York lOVOO 100-96 100-90 100-60 100-35 100-25 A. C. Eustuce W.J. Hayes & Sons. Cleveland Eimira Savings Bank $17,000 Bond Issue. 105*05 103-67 104-14 104-75 104-30 104-79 103a7 104-44 100-71 All the above bonds are dated Feb. 1, 1900. The $7,000 bonds are in denomination of $3,500 and mature in two and three years. The $17,000 bond issue will mature $2,000 For description of bonds see Chronicle March 17, p. 546. yearly from 1904 to 1910, inclusive, and $3,000 in 1911. Bonds Proposed.— A bill has been introduced in the State Champaign County (P. 0. Urbana), Ohio.— Bond OfferLegislature providing for the issuance of $20,000 bonds to ing.— S. B Grove, County Auditor, will sell at 2 p.m., April Adams & Co., Boston R. L Day & Co.. Boston Parkinson & Burr, Boston I,s:-«i:i3 112-569 112-63 enlarge the high- school building. . . 2, at his office, $4,350 5^ bonds, as follows : —— —— —— — — f 1,050 Mcllvain ditch bonds, in denomination of $175. 300 Rosewood ditch bonds, in denomination of $50. 900 Speece ditch bonds, in denomination of $lnO. 2,10J Rosewood pike bonds, in denomination of $210. A — — A & Custer County, S. Bond Sale.— On March Dak. 5 the $36,569 6^ 10-20 year (optional) bonds were awarded to C. H, Coffin, Chicago, at lOa-506. Dallas, Texas.— Bond Election. At the election to beheld April 3 propositions to issue $100, OCO 4% 40-year water, $35,000 4% 40-year paving and $15,000 4% 40 year crematory bonds will be voted upon. Dassel, Miuii. Bonds Defeated.— Th^ question of issuing water bonds was defeated at a recent election, — House. — Delaware County, Ohio.— ^ond Btll Passes Bonds for a children's home are provided for in a bill re- cently passed by the House. H Deurer, Colo.—Bond Sale.— On March 13 the $14,400 Fourteenth Street Viaduct District bonds were awarded to W. R. Robinson of Denver at 104 75. The International Trust Co., Denver, offered 100*694. These were the only bids received. We are advised that the Doylestown, Pa. Date of Sale.— $9,500 4% water- works-improvement bonds, a description of which was given in the Chronicle of March 10, p. 495, will be sold at public sale at 11 a, m., March 29, by Henry O. Harris, Borough Treasurer, at his office in said borough. East Uamptou, Mass. Loan Authorized, At a recent town meeting the Treasurer was authorized to borrow $30,000 in anticipation of the ccllection of taxes. Temporary Loan, This town has voted to renew the $7,500 town-iarm loan due the Lenox Savings Bank on Oct. 1, 1900. Elmwood Place S(Ohio) Special School District,— Bond Sale.— On March 20 the $12,000 h% bonds were awarded to Co., Cincinnati, at 116'55. For descripFeder, Holzman tion of bonds see Chronicle March 3, p, 445. Enfield, N. C. Bond OJ^mngr.— Proposals will be received •until 1 p. M., April 2, by the Board of Commissioners A. S. Harrison, Clerk— for the $3,0i;0 Q% 1-10-year (serial) gold market-house and other public improvement bonds whijh were voted on Jdn. 8. Securities will be in denomination of $200, dated April 2, 1900, Interest will be payable semi annually, Eyaiiston, Ohio. Bond Sale.— The highest bid received on March 19 for the $2,653 36 %% 1-10-year (serial) street-improvement bonds was 112*58 from W. R. Todd Co., Cincinnati, Following are the bids — — & — & : Todd & Premium. Co.. Cincinnati. .t3)3 76 . Atlas Nat. Banii, Cincinnati S. Kuhn &Sons, Clncintiali 325 60 30ii 68 \ I I | For 3]4% Bondg. New York For 3 35!6 BonOa. LXX. Co., ,100-044 E. H. Gay & Dunsomb . . — Wm. fVoL. For 3)4% Bonds ( Cont.) 102-10 Co., New lork i&Jennlson, N. Y... .102-00 Denison, Prior & Co., Cleve. .100-001 Edw. C. Jones & Co., New York.101-655 101-55 For3M,% Bonds. Johnl). Kveritt & Co., N. Y N. W. Harris & Co., New York. ,102o53 R. Kleybolte Ji Co., New York..Uil-J27 Seasongood & Mayer, Cincin. 102-35 Feder, Uolzman Ji, Co., Cincin *1 00-00 Fa'son, Leach &Co..N. Y 102-32 100-00 Lamprecht Bros. Co.. Cleve Spltzer& Interest on the above bouds will be payable semi-annually and the first bond of each series will mature on Oct.. 1, 1900, and one bond each April and October thereafter until paid. Chicago, 111. Bond Offering. Proposals will be received until 3 p M., April 4, by D. Kerfoot, City Comptroller, for $2,500,000 4% 20 year gold bonds. Securities are in denomination of $1,000, dated March 15, 190O. loterest will be certified check payable semi-annually in New York City. for 5j? of the bonds bid for must accompany proposals. It is proper to state that this offering is made simply to furnish a test case on the question of the debt limitation of the city of Chicago. As was stated in the Chronicle on Feb. 24, the present city administration claim that the city's limit of indebtedntss is 5% of the fair cash valuation of the The above city, instead of 5% of the assessed valuation. issue will carry the city's debt beyond the 5% of the assessed valuation. Colchester (III.) School District. Bonds Voted,— Thia district has voted to issue $5,000 school bonds. Columbus, Ohio. bonds Proposed. This city is before the State Legislature with bills providing tor the issuance of $350,000 bonds for the improvement of the water system and of bonds for a new central market house. Bond Sale.—U is stated that the $160,000 4% 10-20-year (optional) refunding Boston loan bonds recently authorized by the City Council will be taken by the city sinking fund at par. Bonds will be dated April 1, 1900. Cook {JonatSfllL— Bids Rejected. All bids received on March 12 for the $1,150,000 4% refunding bonds have been rejected by the Finance Committee of the County Board. Bids will full list of the bid era was given last week. again be received UQtil April 16, 1900. Cripple Creek School District, Teller County, Colo.— Bond Sale. - On March 6 the $65,000 b% funding and $2),000 Sons, 5% refunding bonds were awarded to E. H, Rollins Boston, at 10030. R. ... THE CHRONICLE 600 W. ———— German Nat. Bank, Cinein & Mayer, Cincin Lamprecht Bros. Co., Cleve Seasongood Premium,. $302 24 oo 212 24 >J83 Nine bonds are in denomination of $265 33 and one bond is Interest will be payable annually at the Atlas National Bank, Cincinnati, Farmorsville (Ohio) School District.- Bond Bill Passes House, The House of the State Legislature has passed a bill permitting the issuance of $10,000 school-house bonds. Foxcroft, He.— Loan Authorized.— The Treasurer has authority to borrow $5,000 to pay outstanding notes. Frederick County, Sid.— Bonds Proposed. An issue of $188, 78S refunding bonds is provided for in a bill now before the Legislature. Frostburg, Kd.— Bonds Proposed.— A bill recently introduced in the State Legislature provides for an election to vote on the question of is&uing $20,000 electric-light plant bonds. Fultou, N. Y.— Bond Sale,— On March 20 the $115,000 5-27year (serial) water bonds were awarded to Spitzar & Co., Toledo, at 109"044 for 3^4% bonds. Following are the bids for $265 39. — — . . . Mason. Lewis I. VV. Sherrlll, & . Co., Chicago... 102-27 Poughkeepsie... 102-2/ W.J. Hayes*. Sons, Cleve... Estabrook & Co.. New York. Walter Stanton &Co.,N. Y . . 102-105 102105 102-10 Ellenvil'e Sav. Bar.k ($16,000) Sutro Bros., W. K. Todd & Arthur * And New York 100-00 00-00 For 4% uoudi. Geo. M. Hahn. New York S. ..108-07 Co.. Cincinnati. 108-02 & Co.. N. Y'... 107-555 Leland blank bonds. For description of bonds see Chronicle: Marc'i 10, p, 495. Gallatin, Tenn.-Bond Q^eringf.— Proposals will be received until 13 M., March 31, ny R. E, House, Caairman of Finance Committee, for .$40,000 h% 10-20 year (optional) w^aterworks bonds. Securities are authorized and issu'^d under provisions of an Act of the Legislature passed March 26, Tney are in denominations of 1887, Chapter 210, page 341. $500 and $1,000. Each bidder must deposit with the Town Recorder a certified check on a national bank for $3,000. The official circular states that this municipality has never repudiated any debt or defaulted on interest and is not engaged in any litigation affecting any bonds. The Chairman of the Finance Committee will also receive open bids at any time for $10,000 6^ electiic-light bonds. Securities will be in denomination of $100. Interest will be payable in January and Jaly. Prioeip-il will mature Jan. 1, 1915, subject to call after Jan. 1, 1932. Bsads are issued pursuBnt to an Act of tne State Legislature and all la-;vs in regard to the issuance of municipal bonds have been complied with. — Gardner, Mass. Loan Authorized. The Town Treasurer has authority to borrow $8,100 for grade crossings, Gloucester County (P. 0. Bathurst), New Brunswick, Can. Debenture Offerinq. Proposals will be received until 12 M. April 2 by N. A. Landry, S cretary-Treasurer, for $20, (00 5% coupon bonds to be issued for the purpose of erecting new county buildings. Securities will be in denomination of $500 and the interest will be payable annually. Principal will be payable in 40 years. B:)nds are issued pursuant to Act 55 Vlctoiia, Chapter 48, and Acts amendatory thereto. Population of the county is about 30,000. Greene County, Ohio.— Bo?id Bill Passes House. A bill authorizing the issuance of $300,0'J0 court-house bonds has passed the Hoase of the State Legislature. Hagerstiiwu, Wd.—Bond Bill Signe /, The Governor has signed a bill permicting this city to borrovv $5,000 for drain- — — — age. — Hampton, Ya.—Bond Offering, Prcpoaals will be received until 12 m., April 2, by the Finance Committee, NelSeson S. Groome, Chairman, for $40,000 4% 40 year bonds. carities are in denomination of $1,000, dated May 1, 1900. Intei est will be payable stmi-annuall y, certified check for 5% of bonds bid for will be requir ed. The bonded debt of the town at present is $10,000. Hastings, Neb. Bond Sale. On March 15 the City Council awarded the $30,000 4% electriclight-plaat bonds to Gilman, Co., New York, at par less a commission of 1}4%Son A — & These bonds were offered for sale on Nov. 27, 1899, bat were not disposed of at that time. Herman, Minn. Bonds Voted.— At tha election held March 13, 1900, it was voted to issue $7,200 bonds for waterworks. Home City, Hamilton County, Ohio.— Bond Offl'ring. — Proposals for the $3u,(jO0 4% street-improvement bonds mentioned in the Chronicle March 10 will be received until 13 M. April 24, Securities are in denomination of .$500 and will mature May 1, 193 ). Interest will be payable semi-annually at the Third National Bank, Cincinnati. Hyde Park, Ohio.— Bon-i Offering. Proposals will be received until 13 M. April 17, 1900, by Frank Lewis, Village Clerk, for $3,018 25 4^/^% 1-10 (serial) street-improvement bonds. Securiiies are in denomination of $203 except one bond, which will be for $218 25. They are all dated April 7, Interest will be payable annually. 1900. Indiauola, Miss. Bond 0^eri?igr.— Proposals will be received until April 10 by the Mayor and Board of Aldermen for $6,000 5-20-year (optional) water bonds. Securities will be in denomination of $100, and the interest will be payable annually. Bids are asked for bonds bearing 5 and 6 per cent interest, C. C. Moody is the Clerk of the Board. These bonds were offered for sale Dec, 13, 1899, but all bids then received were rejected, lola, Kau. Bonds Foted.— At the election held March 19 $70,000 water and $10,OoO electric-light bonds were authorFull details of these bonds are yet to ba determined. ized. Ionia, Mich. Bond Offering. Proposals will be received at any time by Willis L. Peck, City Clerk, for the $30,000 10 20-year (optional) coupon refunding water bonds which were aurhorized by an Act of the Legislature approved Jan. 8, Securities will be in denomination of $500 or $1,000, 1900. Interest (to be named in bid) will ne payto suit purchaser. able March 1 and September 1 at the Ionia County Savmgs Bank, Ionia. Proposals mast be accompanied by a certified check or draft for $500, payable to the order of the City Clerk. Jackson County, Ala.— Bond Sale, This county has sold $7"), 000 5% 20-30 year ( .optional) road and bridge bonds to the New First National Bank of Columbus. Oiiio, at par. InUnder a recent law terest will be payable temi-annually. this county was authorized to issue $350,000 bonds, of which this amount (|75,0('0) is a part. — — — — — I — ——— — March — — 6 THE CHRONICLE. 24, 1900.] Jeff Dav!8 Comity, Texas. Bond Issve.— Arrangements have been made wuh the Stale Permanent School Fand to take an ispue of $33,000 refunding bonds. Jersey City, N.J, — Bond i?t/i Parses Senate. The State companied by a check for $500. Assessed valuation no indebtedness. The official notice of 000; permitting the issuance of $300,000 bill certified of property in this district is $698,855; actual value, $1,500,- — Senate has passed a to I bonds for a new high school. Lakeview, Ore.— Bond Election.— An election will be held March 27, 1900, to vote on the question of issuing $10,000 water- works and electric-light bonds. Lancaster, N. H.— Loan Authorized.— Thia place has voted to borrow money for the purposs of purchasing land this bond offering befovnd among will the advertisements elsewhere in this Department, New York City.— Bon.d Sale.— On March 22 thA $4,690,000 to Kuhn, Loeb Co., New York City, at IIO'OS— an interest basis of about Following are the bids 3 (i2}4%. DunBC0mb&Jen-5 $ 50 0ro@10&-64 Kuhn.Loeb&Co., J all or none@llf.-B8 fi}4% corporate stock of this city was awarded & : for a public park. New York ( nison.N. Y any or all@110'56 * 4oO.OOiT'!,10tc64 J. & W. SeliKman.all or noner'/jH 9-CO Lancaster (Pa ) School District.— 5ond Sale.—Thia dis- Veroiilye Jt Co.,i People's Iruft Co. $l,O0O,oOO.4»108-555 $4,690,000®! 10-53 Harvey FIsk Bros. Lamprecht Co., Cleveland. trict has awarded to The Knickerbocker Tr. Sons. N. Y 500,C00(?«i] 08-48 60O,n0O(§ilOH-949 ... Co |30,OC0 4^ 10-20 year (opiional) school bonds at 106*357 and A.S. Leland& Co. 500,00(|("jlOh-25 l.OHO.OOO^lOO-.^iO O'Connor & Kahler 667. l,00",000r»Hi7-o7 20-30-year (optional) bonds at 108 $20,000 i,ooo.ooce)ioy35 E. I). Shepard &} Farson. Leach &J 0(<4,I08-67 1,000.01 1,0€0,000@10«-Z55 Co., New York. } Co., New York. Lewlston lScho<J District No. 2, Fultou County, III.— l,0n0,000@107-00 l,000,000@108-775 Hamilton Tr. Co I Bond Sale.— On March 1 the $12,000 4^ 1-13 year (serial) 2.3,000^ 100-00 John H.Thorapson refunding bonds were awarded to a local bank at lOOSo. For Bonds mature Total amount of bids was $25,485,000. description of bonds see Chronicle Feb. 21, p. 395. Nov. 1, 1940. For full description see Chronicle March 10, Lexington, Mass.— fionds Voted. This town has voted to p. 496. issue $10,000 bonds to refund a like amount of water bonds North Adams, Mass.— Bonds Proposed.— The Mayor recwhich will mature Nov. 1, 1900. ommends that $30,000 be borrowed for sewer work. Lisbon, Me.— Loan Authorized.— The Town Treasurer has North Yakima (Wash.) Schooi District.- Bond £?/ecWon. authority to make a loan, if necessary, of $5,000 in anticipa- —An election will be held to-day (March 24) to vote on the tion of the collection of taxes. question of issuing bonds for a new school house. Litclifleid, Minn.— J5o«ds Voted. At an election held Oakley, Ohio. Bond Offering.— Propoaals will be received March 13 bonds for an opera house were authorized. until 12 M., April 16, by William Wersel, Village Clerk, for Little Falls, N> Y.— Bonds Proposed. A bill recently in- the following bonds troduced in the State Senate provides for the issuance of $20,000 456 1-20-year (serial) street-improvement bonds, in denomination of $1,0110. $50,000 bonds for an electric-light plant. 16,000 i% 1-2 -year (serial) water bonds, in denomination of $750. LoniSTille, Ky. Bond Ordinance Passed. The Lower 1,000 i% 1-10 year (serial) turnpike bonds, in denomination of $100. Board of the General Council has passed the bill authorizing 2,661 104% 1-10- year (serial) street-openingbonds, in denomination of $256 11. the issuance of $490,000 d^% 40-year refunding bonds. All the above bonds are dated April 10, 1900, except the Lowell, Ma^s. Loan Authorized. A loan for school $2,561 10 issue, which is dated April 1,1900. Interest will building purposes to the amount of $45,000 has been author- be payable semi-annually. ized. Ohio.— County, City and Townshij) B<md BHls.—B\\\a have Lncas County, Ohio.— Bids,— The following bids were re- been introduced recently in the State Legislature providing ceived on March 14 for the $29,000 i% road bonds awarded, as for the issuance of bonds as follows stated last week, to Spitztr & Co., Toledo, at 10254. and the Andover Township, Ashtabula County—$1,500 bond election for a soldiers monument. $23,726 16 41^^ ditch bonds awarded to the Second National Butler County— »7'\000 funding bonds. Bank, Toledo, at 101-87 edarville— $1,000 small-pox- euidemic bonds. H — — — : — — — : : < Spit7,er& Co., Toledo l,amprecht Bros. Co,, Cleveland W. R. Todd & $29,000 $23,728 Road Bonds. Ditch Bondn. $29,737 80 20,702 00 29,635 50 29,630 00 29,567 50 29,507 50 Co., Cincinnati Second National Bank, Toledo New First National Bank, Colum bus Seasongood & Mayer. Cincinnati Kuhn & Sons, Cincinnati W. J. Hayes * Sons, Cleveland 29.45000 S. 29.437 00 1 $24,068 10 24,066 17 23,»?-846 24,169 66 23,953 66 23,964 00 23,966 00 23,990 16 Lyons, fieh.—Bond Sale.— On March 20 the $11,000 5% 10 20-vear refunding water works bonds were awarded to Chas. S. Kidder Co., Chicago, a^. 100284. For description of & bonds see Chronicle March 10, p. 496. McCuiioch County, Texas. Bonds Eegistered.— The State Comptroller on March 13 registered an issue of $13,000 refunding bridge bonds Medford, Mass.— Bond Sale.— On March 22 $50,000 i% 30-year park bonds were awarded to Harvey Fisk & Sons, New York, at 117"19. Following are the bide: Harvey Fisk & Sons, New York.U7-19 C. S. Cummings & Co., Boston... 116-39 E. U. Kollins & Son8,'^Boston,..ll'-i61 Perry, Coffin & Burr, Boston.... 116-25 117-153 Mason, Lewis & Co., Chicago... 116-199 Estabrook & Co., Boston Iltt-i33 117-09 Vermilye & Co., Boston Denison, Prior & Co.. Cleve 116-635 R. L. Day & Co., Boston in -039 N. W. Harris & Co., Boston 115-273 Adams & Co., Boston 1 16-676 Jose, Parker & Co.. Boston .115-00 Blodget, Merritt & Co.. Boston. .116-66 Boston.. E. C. Stanwood & Co., 116-41 Blake Bros. & Co., Boston Securities are in denomiration of $1,000, dated Feb. 1, 1900. Interest will be payable semi-annually at the Fourth National Bank, Boston, Bonds are authorized by Chapter 176. Laws of 1898. — Milford, N. H. Loan Authorized. A sewer loan of $4,000 has been authorized. Milo, Me. Loan Authorized, A loan for a steel bridge was authorized at a recent town meeting. Mount Vernon, N. Y.— Bonds Authorized by Legislature. An amendment to the city charter permitting the issuance of $70,000 street-improvement bonds has been adopted by the — — State L'^gislature. Natick, Mass.— Loan Authorized.— The sum of $75,000 may be borrowed in anticipation of taxes. Needham, Mass. Bonds Voted— It is stated that this town has voted to issue $132,500 5% 30 year refunding bonds. Nevada City, Cal.— Bonds Proposed.- The question of issuing bonds for street work is being agitated in this city. are advised, however, that as yet no definite action has been taken in the matter. Newburyport, Mass.— Fo?ds Proposed.— This city proposes to issue $28,500 for the purchase of land and the erection of a school house thereon. Newport, N. H.— Loans Authorized.— Loans were authorized at a recent town meeting to the amount of $10,000 in anticipation of taxes and $7,500 for water improvements. Newport, R. I.— Bond Election.- An election will be held April 4 to vote on the question of issuing bonds for various We improvements. I Cincinnati— «2.=',0ii0 hospital bonds. Cincinnati— .$'30u,000 school bonds. Coldwater— $4,000 refunding bonds. Coldwater— $10,00u school bonds. Columbus— Bonds to meet expenses of a small-pox epidemic. Ridgewav Township. Henry County— $1,000 school-house bonds. Springfleid- $20,000 street improvement bonds. Toledo— An Issue of bridge bonds. Orange, N. 3.— Bond O^eringr,— Proposals will be received 2, by the Finance Committee, care of Clerk, at his office in the Orange NaDugan, City Daniel A. until 4 p. M., April H tax-arrearage bonds. Intional Bank Building for $70,000 Principal will mature terest will be piyable semi-annually. Proposals must inclusive. 1901 1910, from to yearly $7,000 be accompanied by a certified check to the ord-r of '-the Bids will be city of Orange" for ^% of the amount bid for. publicly opened by the Common Council at their chamber, Canfield Street Engine Hou^e, at 8 p. m. on the day of sale. Owattonna, Minn.— BoJids Voted— Oa. March 13 this place voted in favor of issuing $10,000 bonds for a public hospital, according to reports. Pana, III.— Bond Jsswe.— This city refunded on March 1 au water-works bonds with new A% bonds, issue of $37,500 maturing $2,000 yearly, beginning March 1, 1901. H Perry County (P. 0. Cannelton), Ind.— Bond Offering.— Proposals will be received until 10 a, m,, April 25, by A. P. Fenn, County Auditor, for $64,000 4^ 20-year funding bonds. Securities are issued pursuant to an Act of the Legislature approved March 3, 1899, and an ordinance of the County Council passed Feb, 6, 1900. They are in denomination of Interest will be payable May 1 and $200, dated May 1, 1900. Nov, 1. Bidders are requested to apply for bidder's blank at the Auditor'.- office, Pocomoke Citv, Md.— Bond Election Authorized by Legislature.— The State Legislature has authorized an election in this place to vote on the question of issuing bonds for an electric-light plant. Md.— Loan P^-oposed.-The State considering a bill permitting this county to borrow money to construct a turnpike. Proviso Township School District No. 7, Cook County, 111.— Bonds Fb^ed.- At an election held March 17 the issuance of $15,000 school bonds was authorized by a majority of nearly 300. Randolph, Neb.— Bond Sale.— The $4,500 5% 10-20-year (optional) water-extension bonds for which proposals were asked until March 6 were awarded on the 13th inst, to Chas. S. Kidder & Co., Chicago., at 100 -577, accrued interest and blank bonds furnished free. Following are the bids MacDonald & C. S. Kidder & Co., Chicago. .*$4,526 00 Trowbridge, $4,551 00 Niver Co Chicago 4,560 00 VV. J Hayes & Sons, Cleve 4,536 00 G. W. Hoobler, Omaha Prince George's County, Legislature is : . , . And blank bonds. Securities are dated April 1, 1900. Raynham, Mai^s.— Loan Authorized,— TheTovrn Treasurer has permission to borrow not exceeding $12,000 in anticipa- Newport Improvement District No. 4, Jackson Couuty, tion of the tax levy. Redondo, Cal.— Bond Eleetion.—The election to vote on Ark. Bond O^enno'.— Proposals will be received until 12 m,, question of issuing $40,000 improvement bonds will be the April 18, by A. D. Bailey, Secretary, for $40,000 5% l-20-year held on March 26. (serial) water- works bonds. Securities are in denominations Rising Sun, Ohio.—Bond Bill Passes Legislature,— The of $1,000 and $500. Interest will be payable semi annually. Senate has passed the $5,000 town hall bond bill recently Principal will mature $2,000 yearly. Proposals must be ac- acted upon by the House. — — ———— — — THE CHRONICLE. 602 Saco, Me. Loan Authorized,— The Treasurer has been authorized by the Council to borrow not exceeding $35,000 in anticipation of the collection of taxes. Sandusky, Ohio.— Bond Sale.— On March 14 this city sold f2.500 4% sewer bonds to the Firemen's Pension Fund at par. Santa Barbara (Cal.) School District.— Bond Election Proposed.- The School Trustees have requested the City Council to call an election to vote on the question of issuing $60,000 hieh-school bonds. Scott County (Mo.) Drainage District No. l.—Bond Sale. —On March 15 the |55,448 99 Q% bonds of Drainage District No. 1 were sold to N. W. Harris & Co., Chicago, at par, interest and $100 premium. Other bidders were Trowbridge, MacDonald & Niver Co., Chicago; Geo, M. Brinkerhoff, Springfield, III., and S. A. Kean, Chicago. For description of securities see Chronicle March 3, p. 447. Shawnee, Perry County, Ohio.— Bond Election Bill Passes House. The House has acted favorably on a bill permitting the citizens of this place to vote on the question of issuing $25,000 electric-light bonds. Shebojgan, Wis.— Bond Sale.— On March 19 the $15,000 4% 5-20-year (optional) school-house bonds were awarded to the — Bank of Sheboygan at 102'13. For description of bonds Cheonicle March 10, p. 497. Shoshone County, Idaho.— iVb Bids Received. No bids were received on March 17 for the $40,000 funding bonds of see — this county. Slgourney (Iowa) School District. Bond Election.— This district will vote on the proposed issuance of $20,000 schoolhouse bonds. Slayton, Minn. Bonds Voted. At an election held March 13 $15,000 water bonds were authorized. Snow Hill, Md. Bond Election fVqposed.— Legislative authority is being sought for the purpose of holding an election to vote on the issuance of $15,000 bonds. Somerville, Mass. Loan Authorized. The Council has authorized the City Treasurer to borrow $200,000 in anticipa- — — tion of the collection of taxes. Southboro, Mass.— Loan Authorized.— Taxes may be antown by a loan of not more than $10,000. Sonlh Dakota. School Fund Loans. The State Permanent School Fund recently made loans aggregating $9,440. ticipated in this NEW — LXX. [Vol. Sparta (Wis.) School District.— Bond Sale.— On March 15 the $4,000 4% refunding bonds were awarded to the Bank of Sparta at 102-50. Following are the bids Bank of Sparta. Sparta MacDonald & $4,100 tO Trowbridee, : | R. Kleybolte &Co..CinclD 4,000 Oo Farsun, Leach & Co., Chic... 4.(i30 CO A. Kean, Chicago 4,020 00 Niver I Co., Chicago, W. J. Haves <4 Soi a. t4,013 00 4,007 00 Cleve 4,00500 H. Coffin, Chicago Securities are in denomination ot $501), dated April 1. 1900. Principal will mature on March 1, $2,C00 in 1907 and $2,000 in 1908. S. | C. Spencerville (Ohio) School District.— Bond Offering.— Proposals will be received until 12 M April 10, by John J. Miller, Clerk of the Board of Education, for the $12,000 5% school bonds which were voted in November last. Securities are issued pursuant to sections Nos. 3991, 3992 and 3993 of the Revised Statutes of Ohio and a resolution passed by the School Board Oct. 10, 1899, They are in denomination of $500 and will be dated the day of sale. Interest will be payable semi-annually. Principal will mature $500 each six months, beginning March 1, 1901. Proposals must be accompanied by an approved certified check on a national bank or a local bank for 5% of the amount bid for, payable to the order of the Clerk of the Board. Spokane County, Wash. Bond Offering. Proposals will be received until 12 M,, April 6, by H. H. Hubbard, County Auditor, for $200,000 funding bonds. Securities are in denomination of $1,000, dated ApririO, 1900. Interest will be payable semi-annually in New York City. Principal will mature April 16, 1920. certified check for $10,000 will be required with each bid. Bidders are asked to name price and rate of interest at which they will take the bonds. Stillwater, N. Y.— Bonds Proposed. A bill, recently introduced in the State Legislature, provides for the issuance of $10,01 highway bonds by the town of Stillwater. Table Rock (Neb.) School District.— Bond Blection.—The election to vote on the question of issuing $10,000 schoolhouse bonds will be held on April 13. Takoma Park, Md.— Bond Sale.— On March 21 the $40,000 4% 30-year gold water-works bonds were awarded to E. H. Rollins & Sons, Boston. Bonds Proposed. This place seeks legislative authority to issue ,$10,000 improvement bonds. Tarboro, N. C. Bond Sale. are advised that the $10,000 5% 30-year light-plant bonds offered for sale on Feb. 23 , — A — — —We LOANS. ^3,S00,000 ^40,000 Government and Municipal Bonds CITY of BALTIMORE NEWPORT, ARKANSAS, REGISTERED STOCK. SEALED PROPOSALS will be received at the Baltimore, until Tuesday, April 8d, 1900, at 12 o'clock, noon, for the purchase of the whole or any part of $3,500,000 Registered 8tock of the City iif Baltimore, bearing interest at the rate of three and one-half per cent per annum, payable semi-annually in January Mayor's Office, City Hall, and July, and redeemable on January Ist, 1940. The successful bidders will be entitled to interest on said stock from January 1st, 1900, therefore all bids must be made flat (meaning interest included). Stock deliverable April 6th, 1900, This stock will be issued by virtue of Ordinance No. 32^ of the Mayor and City Council of Baltimore, approved May 6th, 1898, which authorizes the issue of $4,300,000 registered stock, as described above, for the purpose of providing means for the redemption of the various issues of Jones' Palls stock amounting to »2,600,000, maturing on April 9th, 1900 $1,000,000 City Hall 6% Loan maturing on April 16th, 1900 and $800,000 Funding 6% Loan maturing July 1st. 1900, in pursuance of Chapter 373 of the Actsof the General Assembly of Maryland of 18x8, and ratified by the legal voters of the City of Balti more at an election held November 8th, 1898. This city does not tax any of its own issues of stock and will pay the tax imposed by the State of Maryland on this issue Id place of the holders ; ; thereof. Proposals must be addressed to David Ambach, President of the Commissioners of B'inance, Mayor's Office, and marked " Proposals for Refunding 3}i% 1940 Loan." The right is reserved to reject any and all bids. DAVID AMBACH. President, J. SBWELL THOMAS, Clerk, Commissioners of Finance. BOUGHT AND BONDS. Proposals will be received until 12 M., April 18th, by A. D. Bailey. Secretary of Improvement District No. 4 of Jackson County, Ark., for $40,000 6% 20- year Water Works bonds. Securities are in denominations of $1,000 and $500. Interest payable semi-annually. Principal will mature $2,000 yearly. Assessed valuation of property $698,855. Actual value $1,500,000. No indebtedness. A certified check of $500 will be required with each bid. 1900, 31 NASSAU ST. (Bank ot Commeree Bide.) Offer to Purchase Bonds. SUITABLE FOR COMPTROLLER'S OFFICE, AUSTIN. TEXAS. The Board of Education desires to purchase for the Permanent School Fund of the State of Texas, $1,500,000 Bonds of the State, Counties and Cities of Texas. Bids will be received uo to April 15th, 1900. Proposals giving complete description of bonds of. fered, should be addressed to the undersigned at Austin, Texas, and marked proposals for sale of bonds. R. W. FINLEY, Comptroller. ADAMS & COMPANY, BANKERS, SAVINGS BANK AND TRUST FUNDS. LISTS MAILED ON APPLICATION. Leach & Farson, Co., NEir YORK, CHICAGO, 100 Dearborn We ofler 35 Nassau St. St. bonds secured by First Mortsage on the properties of American Bell Telephone DEALERS IN mVESTMENT No. of Ridley Park, DEIiAWARE CO., PA. Licensee Companies. BONDS. 7 Congress and 31 State Streets, BOSTON. Prices and particulars on application. ROLLINS & SONS. E. H. Ml9 MILK STREET, BOSTON. P^ Investment Securities FOR BONDS. Del. Co., Pa., CO., BANKERS, PUBLIC SECURITIES Borough Ridley Park, W. HARRIS & N. STATE OF TEXAS. Members of Boston Stock lExchange. S33,000 SOLD. APPRAISEMENTS MADE OR QUOTATIONS FURNISHED FOR THE PURCHASE, SALE OR EXCHANGE OF ABOVE SECURITIES. 1.IST8 ON APPIilCATION. March 16, 1900. Sealed proposals will be received by the Chief Burgess, Grco. C. Hetzel, until Tuesday, April 10, 12 o'clock, noon, 3900, for the purc^hase of Borough Bonds to the amount of thirty-three thousand d 1lars (:f 33,000) in denominations of live hundred ( 500) dollars each. Blank forms and information for the use of bidders will be furnished upon application to FRANK D. KANB, Clerk of Council. Blodget, Merritt & Co., SAVINGS BANKS and TRUST FUNDS BANKERS16 Congress Street, Boston. IS Wall Street, New York. STATE, CITY & RAILROAD BONDS H BONDS EDW. C. A SPECIALTY. JONES & NEW YORK, - PHILA.. - - 1 NASSAU 112 SO. CO., STREET. FOURTH ST. i — — — March —— THE CHRONICLE. 24, 1900. J 6oa — have been awarded to W. J. Hayes & Sons, Cleveland, at Waterville (Minn.) School District.- Bond Election, An 1C6'59. Securities are in denomination of $1,000. Interest election \» ill be held in this district to vote on the question is payable January 1 and July 1 in New York City. of issuing $5,000 bonds for a new school house. Tauuton, Mass.— i'ond Sale— On March 20 the $34,500 4% West Bend, Wis.— Bond Sale.— On March 15 this city sold 10-year bonds were awarded to Blodget, Merritt & Co., Bos- at public auction $10,000 5% city hall bonds to Farson, Leach ton, at 107*31. Following are the bids & Co., Chicago, at 108'15. Following are the bids : Adams & Co., Blake Bros. & Boston Co., Boston J07-28« 107-283 N. W. Harris &Co.,New York... 107-136. 107-11 Chas. P. Wing & Co., N. Y Vermilye & Co.. Boston Estabrook & Co., Boston R. L. Day & Co.. Boston B. H. Rollins &Sons. Boston. 107-028 & Co.. Boston C. S. Cuinmincs & Co.. Boston.. 106-H9 Perry, t'otlin & Burr, Boston.... lOfl-85 100-85 Parkinson & Burr, Boston Jose, Parker & Co., Boston loe-745 Denlson. Prior & Co., Boston... I(i6-691 W. Holman Gary & o., Boston. 106-68 W. J. UayesA Sons, Cleve iOtJ-67 G. A. Fernald Blodget, MeiTlttA Co.. Boston.. 107-31 107-0'8 10' -07 ( 107 -069 .107-037 Farson. Leach &Co.,Chicaeo.f 10,815 00 R. Kleybolte & Co., Cincin... $10,630 00 N. W. Harris & Co.. Chicago. lO.MO 00 W. J. Hayps & Sons. Cleve... 10,620 OC First Nat. Bank or Chicago.. 10,60100 Trowbridge, MacDonald & 10,796 00 Stoddard. Nye & Co., Minn... 10,505 00 Niver Co., Chicago Denlson, Prior & Co.. Cleve. 1< ,650 00 S. A. Kean, Chicago 10,600 00 Lamprecht Bros. Co., Cleve.. 10,660 00 . . Securities are in denomination of $1,000, dated March 1, 1900. Interest will be payable semi-annually at the Bank of For description of bonds see Chronicle March 17, p. 549. Tecumseh, Neb. Bond Offering.— Proposals will be re- West Bend. Principal will mature $2,000 on March 1 in the ceived until 1-M p. M., April 3, by C. E. Smith, City Clerk, years 1903, 1904, 1911, 1912 and 1913. Assessed valuation of for $5,C00 4^% refunding city-hall bonds, in denomination all taxable city property is $677,633; real valuation, $1,084,of $500, and $4,400 4^% refunding electric-light-plant bonds, 208; bonded indebtedness, other than this issue, $12,000 in denomination of $400. Securities are dated April 1, 1900. school bonds. Weymouth, Mass. Loan Auihorized.— The citizens of this Interest will be payable annually and the principal will mature in 20 years, subject to call after 10 years. A certified town have authorized the Treasurer to borrow not more check for 5% of the amount of bonds must accompany pro- than $130,000 in anticipation of the collection of taxes. Williamsburg School District, Clermont County, Ohio, posals. These bonds were offered for sale as 4J^ per cents on —Bond Bill Passes Senate.— Senate Bill No. 223, providing Jan. 15, but all bids received at that time were rejected. Texas.— t^Ter to Purchase Bonds.— U. W. Fin ley, State for the issuance of bonds by this district, has been passed by . . Comptroller, desires to purchase, for the Permanent School Fund, State, county and city bonds of Texas to the amount of $1,500,000. Proposals, giving complete description of bonds offered, will be received until April 15 for the sale to the fund cf any bonds above described. The official notice of the above will be found among the advertisements elsewhere in this Department, Utica, N. Y. Bond Bill Passes Senate. The State Senate has passed the bill authorizing an election to vote on the question of issuing $165,000 bonds for anew library building. Wappingers Fails, N. Y. Bonds Voted.— At the election held March 30 an issue of $15,000 electric-light plant bonds was authorized. Watertown, Mass.—Loan Ojfertngr.— Proposals will be received until 3 P. M., March 3'>, by Charles W. Stone, Town Treasurer, for a loan of $100,000, to mature Nov. 1, 1900. — that body. — Woburn, Mass. Loan Authorized by Council, The Treasurer has authority from the City Council to borrow not exceeding $15,0C0. Wyoming, Ohio.—Bond O^eringr.— Proposals will be received until 12 M., April 16, by W. A. Clark, Village Clerk^ for the folio wine bonds : $70,0eo i% street- improvement bonds, maturing AprilKO, 1960. 1,600 i% Are department bonds, maturing April 20. 192o. 6,000 4% water-works bonds, maturing April 20, 1930. in denomination of $500, dated April Interest will be payable annually. They are issued under the provisions of sections 2835 and 2837, Revised Statutes of Ohio. The above bonds are 20, 1900. We are advised that the York, Pa.— Bond.-* Not Voted.— question of issuing $350,000 sewer and city- hall bonds was not submitted to the people at the election in February, as^ was at first proposed, but the proposition may be voted upon in the near future. INVESTMENTS. INVESTMENTS. DENISON, PRIOR&CO. Charles Whann & i>eaijEms in Bonds. MUNICIPAL Grade High SEND FOR DEALERS Co., 238-240 La Salle Street, CHICAGO. RAILROAD SBPURITIES. BROADWAY INVESTMENT SECURITIES. IN and LISTS. 71 S Geo. D. Cook Company^ New York Office, 52 Broadway. NEW YORK. A.R.Macfarlane&COo Exchange Place, Boston. BjLNKEJtS A.ND JtROKEMS, 121 Euclid ATcnue, CleTeland. W. R. TODD & DULUTH, CO., MINN. [Members American Bankers' Ass'n.] DEALERS IN MASON, LEWIS & Successors to CO., BANKERS Monadnock BulldlnB. MUNICIPAL RAILROAD CORPORATION 60 Devonshire St. BONDS. '^^v*" CINCINNATI, OHIO, NEW YORK, No. 35 East Third Street. No. 1 Nassau Street. -»>-' Choice Issues. Street Railway and Gas Companies. LIST ON APPLICATION. The Lamprecht Bros. MUNICIPAL BONDS. Securities Netting from DUKE M. 197 Superior Street. CO., Members New York and Chicago Stock Exchanges trowbridge, MacDonald & NiVER Co. MUNICIPAL BONDS, 3 to Bank Bldg. • • CHICAGO MUNICI PAL BONDS. 6M & Nuveen Co., INVESTMENT BANKERS, l8t National BanlL Building, Cliicasro. Correspondence solicited. F. R. FULTON & CO., Municipal Bonds, 171 LA SALLE STREETf CHICAGO. Per Cent. Lists sent on application. C. R.GOODE&CO. HAYES & SONS, HIOH-GRADE WARRANTS W. J. 111 Congreas Street, Boston. 313 Superiors!., CleTeland, O. . 15 Netting from 4 to S^. WALL STREET, NEW YORK. MUNICIPAL BONDS. E. C. STANWOOD &s Co., BANKERS, 121 l8t Nat. 8tre*> Bonds Municipal and Corporation To net the Investor EASTERN BRANCH: LAMPRECHT BROTHERS & Banker, 189 Dearborn CHICAGO. New York City, ,^2 BroadwaTAll securities having a Cleveland market bought and sold. investors. Seftrence, First National Bank, Chicago. Clronlar. FARSON. AND OTHER HIGH-GRADE: - 3^ to 6jC ALWAYS ON HAND. Municipal Bondi. BONDS. Act as agents for non-resident property owners an* John Send for our InTestment Co., MUNICIPAL Cleveland, Ohio, Commercial Paper, Mortgage Loans, Local Stoclis and Real Estate. & CO., MUNICIPAL BONDS. BOSTON, CHICAGO, BRIGGS, TODD Devonshire Street, BOSTON. WE DEAL IN AND WESTERN SOUTHERN SECURITIES. ROSENBERGER & LITEBMORE, (Specialists in Southern and Western Municipal Bonds.) fORTY WALL STREET, NEW YORK : THE CHRONICLE. 604 LXX. [Vol. ^ittatxjciaL tisitrauc^. •/«^^^^^^^^^* Canal Bank, THE OFFICE OF THE United ATLANTIC MUTUAL uses the INSURANCE States Whiting Papers. leading Banks, Railroads, CO. 23, 1900. The Trustees, in conformity witli tlie Charter of the Company, submit the following statement of its aflfairs on the 31st of December, If you are not using Whiting's They are made in tints recommended for the eyes by unequaled. especially eminent 1st January, 1899, to Slst De- a on Policies not January, 1899. off 1st Premiums marked $4,133,975 63 off of Premiums The Company has the follow- ing Assets, viz.: United States and State of Now York Stock, City, Bank and other Stocks $5,483,944 Loans secured by Stocks and special deposits in Banks and Trust Company 2,395,500 Keal Estate and Claims due the Company, estimated at 1,125,000 Premium Nutes and Bills Receivable 1,005,756 Cash in the hands of European bankers to pay losses under policies payable in foreign countries 147,790 Cashin Bank 266,139 Amount AND Kenway, John William B. Boulton, Francis M. Bacon, George Coppell, Joseph H. Chapman, Charles D. Leverich, Leander N. Lovell, W. H. H. Moore, Charles H. Marshall, George H. Macy, Levi P. Morton, Frederic A. Parsons, George W. Quintard, Forest. James H. Dunham, Nbw York CAPITAL 8DR.FL.1JS P. Munn, Medical Director. FINANCE COMMITTEE: 77 55 29 Active and successful Agents wishing to represent this Company may communicate with Richard E.Cochran, 3d Vice-President, at the Home Office, 261 Broadway, N. Y. Everett Frazar, Ewald Fleitmann, John L. Rlker, Edward Floyd-Jones, A. A. Raven, Horace Gray, Gustav H. Schwab, William C. Sturges. RAVEN, President. PARSONS, Vice-Pres't. CORNELIUS ELDERT, 2rf Vice-Pres'l. THEO. P. JOHNSON, ^fZ Tice-Pres'l. AND PROFITS, Si, 000,000 $500,000 - Transacts a General Banking and Foreign Exchange Business. Collections receive Special Attention. OFFICERS F. G. BiGELOW, Pres't. Wm. Bigelow, F. J. Kipp, Cashier. V.-Prest. T. E. Camp, Ass't Cashier. The First National Bank OF SAN FRAXCISCO, CAL,. UNITED STATES DEPOSITARY. Capital, $1,500,000 Surplus, $1,000,000 S. G. MtjRPHY, President. JAS. K. Ltnch, Cashier. James Mopfitt, V.-Pres. J. K. Mopfitt, Asst.Cash. General Banking Business. Accounts Solicited. Commercial and Travelers' Credits issued, available in all parts of the world. ^ttxatxcial. THE LIVING AGE, A. G. WHITE 8l CO., Enfijineers, Contractors, 29 Weekly Magazine of Contemporary Asst. Secretary, Geo, G. Williams, Pres. Ohem. Nat. Bank John J. Tucker, Builder E. H. Perkins. Jr., Pr.Imp.dtTradNat.Bk James R. Plum, . . . Leather 00 FIRST NATIONAL BANK OF MILWAUKEE. 1 CO 00 ; National Bank, Boston. Xiiterature BROADWAY, N. Y. Investigations and Reports on Electric Railway, Gas, Electric Light, and Power Transmission Properties for Financial Institutions and Investors. (FOUNDED BY TliougUt. LITTELL IN E. portant Contributions in Foreign CRITICISM, FICTION, TRAVEL, TIONAL POLITICS, SCIENCE. 1844.) Periodicals— INTERNA- Indispensable to intelligent Readers. Weekly. J6 00 a year; single numbers 15 cents. A RE.nARKABl^E OFFER. NEW SUBSCRIBERS to THE LIVING AGE may receive with it THE REVIEW OF REVIEWS or PUBLIC OPINION foronlv »6 75 a year; or for $7 26 HARPER'S MONTHLY or SCRIBNER'S MAGAZINE, or any other $3 00 periodical published United States. is good only to absolutely SCRIBERS to the LIVING AGE. in the This offer NEW SUB- THE LIVING AGE CO., BOX 5206, BOSTON. P. O. The Mutual life insurance AMZI DODD, co.. Benefit newark, n. j. President Assets (Market Values) Jan. 1, 1900.... $70,466,400 46 Liabilities (N. J. and N. Y. Standard). 64,840,7iV7 24 Surplus 5,625,693 22 THE NEW POLICY CONTRACTS OF THE MUTUAL BENEFIT Contain Special and Peculiar Advantages which are not combined POLICIES OF Electric Railways, Electric Electric Power Plants and Reproduces without abridgment the most im- in the ANY OTHER COMPANY. Light and Financed Designed and Built. TRANSMISSION ROPE. NO^V READY. Secretary. Anson W. Hard, CliflFord A. Hand, John D. Hewlett, City Bank, National ; Wm. T. Standen, Actuary. Arthur C. Perry, Cashier. CORDAGE TRUSTEES: William E. Dodge, St., 1900. United States Life The J. Gustav Amsinck, Vernon H. Brown, Waldron P. Brown, — National San Francisco. 1850. J. L. Six per cent interest on the outstanding certificates of profits will be paid to the holders thereof, or their legal representatives, on and after Tuesday, the eixth of February, next. The outstanding certificates of the issue of 1894 will be redeemed and paid to the holders thereof, or their legal representatives, on and after Tuesday, the sixth of February next, from which date all interest thereon will cease. The certificates to be produced at the time of payment, and canceled. A dividend of Forty per cent is declared on the net earned premiums of the Company for the year ending 3 Ist December, 1899, for which certificates will be issued on and after Tuesday, the first of May, next. By order of the Board, A. A. F. A. DuANE 150 $10,424,130 Gl CHAPMAN, Correspondents Bank of Commerce, New York Boatmen's Bank, St. Louis N. W. National Bank, Chicago Merchants HoLYOKE. Mass.. Geo. G. Williams, Vice-Pres. C. P. Fraleigh, 2d Vice-Pres RiCH'D E. Cochran, 3d Vice-Pres. A. Wheelwright, Secretary. Expen's. $484,296 77 James G. De free. Insurance Co. IN THE CITY OF NEW YORK. OFFICERS: George H Burford, President. (less salvages, etc.) $2,276,689 96 H. you WHITINQ PAPER COMPANY Lossespaid during the same period, J. will send pamphlet on the subject 967,555 24 from 1st January, 1899, to 31st December, 1899 $3,305,179 38 & We oculists. $3,166,420 39 Total Marine Premiums Returns write us for office For account books they are samples. 1899: Premiums on Marine Risks from marked C. . ; where. Ldnen Ledgers in your Premiums liA. & Banking Co.) CAPITAL., 91,000.000. MORRIS, President. EDWARD TOBY, Vice-President. EDGAR NOTT, Cashier. (Successor of N. O. Canal Insurance CJompanies and Mercantile Houses every- New York, January cember, 1899 So do the ORIiEANS, THV.W Grovernment Itt J a X AU A E S I^ THE FINANCIAL REVIEW. SPECIALTIES. ANNUAL. THE AMERICAN MANUFACTURING COMPANY, 63 WAijZ STREET, NEW YORK. H Smith, STOCK BROKER, BROAD Fred. 8 Member N. STOCKS, BONDS, GRAIN. Bought, sold and carried upon molerjite marKiu. COMailSSlON I-IOTH. Tel. ass."". Cort. Statistics A PAGES. copy of the January issue of the INVESTORS' SUPPLEMENT is hound up with the REVIEW. ST., N. V. Y. Con. Stock Exchange. Book of Railway 280 upon Appltcation. Established 18G8. PRICE, TWO DOLLARS. I WILLIAM B. 76K PINE DANA COMPANY, ST.. NEW YORK. I I