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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.
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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
@FedFRASER