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fiimnrml
flmmfrna
[Kntered according to Act of Oongress, In the year 1900, by tbe Williak B.
VOL
Dawa Oomfant, In the office
SATUKDAY. MAR(JH
70.
of the Librarian of Oongreas.]
NO. 1810.
1900.
3,
CLEARING HOUSE RETURNS.
The week's total for all cities, shows a loss of 19-4 per cent
1899. The increase over 1898 is 12-2 per cent and the
For the month of February the clearings make a more satisfactory exhibit compared with a year ago than was the increase over 1897 is 75-7 percent. Outside of New York the
case for January. Contrasted with the month of 1899, the decrease compared with 1899 is 7*8 per cent, the gain over
from
aggregate for the whole country records a loss of
For the two months the decrease is 9 '3 per cent.
1899.
per cent.
1898
is 17"1
per cent, and the excess over 1897 reaches 49 "1
Two Months.
February.
1900.
8*1
P.m.
1900.
1899.
Week ending
P.Ct.
Clearings
at—
1900.
Philadelphia.
Pittsburg
Baltimore
Buffalo
Washington..
Rochester
Syracuse
Scr nion
Wilmington..
Bingham ton..
Total Middle
Boston
Providence
Hartford ...
New Haven...
Springfield.
..
Worcester
Portland
Fall River
Lowell..
New Bedford
Total N. En?
Chicago
CincinDatl
Detroit
Cleveland
Milwaukee....
Columbus
Indianapolis
Peoria
Toledo
Grand Rapids
Dayton
Bvansvllle
Youngstown
.
Springfield, 111.
Leiington
Akron
Kalamazoo...
1,529.887
1,193,563
Saginaw
Rockford
1,147,93(1
Springfield
Canton ...
Tot. M.West
.
San Francisco.
Salt Lake City.
Portland.
..
Los Angeles
Seattle
Spokane....
Taooma
Helena
Fargo
Sioux Falls.
City...
Minneapolis...
Omaha
St.
Paul
Denver
St. Joseph
Des Moines
Davenport,...
Sioux City....
Topeka
Wichita
Fremont
Hastings
Tol. oth'r
St.
1,281,885
1,044.600
734,816,493
68,088,960
7,925,148
7,121,149
8,818,318
7,284,978
4,463,442
3,409,223
1,872,016
1,224,291
588,9^
Total Pacific
Kansas
3,946,531.049 4,550,639, 231 -13-3 8,611,110.444 10,241,389,007
345,22S,H»a
364,074, 053 -5-2
763,173.374
779,772,829
240,000,802
110,336,967
143,275, 770 -230
240,831,722
76,928,233
104,042, 806 -26-1
169,263,454
211,019,555
+7-7
37,980,984
18,705,931
17,365, 650
42,042,297
21,814.582
9,960,610
8,017, 996 +24-2
17,979,843
17,937.790
16,870,923
8,310,905
8,125: ,890 +2-3
10,600.796
4,435,185
4,278. 376 +3-7
9,722,145
4,388,454
9.856,934
7,958,291
3,481,
-I-26-1
3,681,85a
7,997,947
3,170,,438 -I-16-1
6,841,835
1.488,700
1,365,,000 +9-0
3,573.700
3,170,300
4,529,986,883 5,207.8a6,-.d99 -13-0 9,897,272,120 11,573,537,234
475,486,146 522,517,454 -90 1,067,333,091 1,133,721,068
24,895,700
55,830,200
24,184,800 +2-9
62,914,200
10,243,912
23,909,771
10,464,951 -21
24,433,567
14,398,78(1
6,637,938
6.222,335 +6-7
15,303,223
5,405,784
12,089,340
6,651,134 -18-7
14,414,283
11,050.638
4,966,907
6,099,831 -lH-6
14,419.589
3,898.454
9.420,045
5,654,278 -311
12,494,223
3,914.806
7,817,521
4,466.619 —12.4
9,258,625
2.080,506
4,668,159
2,848.772 —26-7
6,3-30,192
1,688. 680
2,296,550 265
3,747,278
6,225.728
539,224,833
505,526,459
61.388,700
30,331,073
41,a88,824
2J,h25,291
19,261,100
11,386,870
8.00),000
8,203,816
4,533,293
4,065,070
4,934,334
1.887,597
1,850,000
1,800,000
1,H66,200
W
Louis
New
Orleans..
Louisville
Galveston
Houston
Savannah
Richmond
Memphis
Atlanta
Nashville
Norfolk
Augusta
Knoxville
Fort Worth...
Birmingham..
Macon
Little Rock..
.
Chattanooga...
Jacksonville...
110.776,488
48,577,351
35,816,814
22,000,000
16,043,403
16,195,005
14,243,222
5,397,534
3,843,751
3,830,682
2.656,144
1,862,788
598,799
613.873
170,679.356
123.887,949
48,846,193
37.684,501
14.860.000
16.763,477
22,492,043
12,623,495
12,693,688
7,793.959
5,508,«33
6,060,252
6,719,869
2,297,039
2,926,865
3.168,307
2,861,000
2,045,330
1.461,834
1,143^955
331,8i5,688
Total South
Total all
,417.32 9.741
Outside N. Y. ,470,798,692
Montreal
Toronto
Winnipeg
:....
Halifax.
Hamilton,...
St John
Victoria
'.
Vancouver....
Toi. Canada.
^"
54,250,533
37,864,000
6,702.646
5,354.758
3,040,615
2,342,857
2,483.609
2,881,626
'114,920;643
-15-9
—2-1
-0-3
-19-8
-1-1
1-2
9,867,,342 -f-15-4
7,459 077 +7-2
6.337 ,469 4-29-4
3,586 930 4-27-1
3,403, ,960 4-19-4
2,828, ,009 f74-5
1,379 ,967 +0-5
1,621, 119 fl4-l
1,278, 923 f40-8
1,345 ,100 4-23-9
1,203,,288 -I-27-1
1,153,,505 -(-3-0
95i,,977 +20-5
1,142,,178 +11-3
812 079 4-28-6
675.4»«,,274
42,661,500
26,376,918
17,106,700
19.286,508
10,794 844
9.407.360
9.743,035
2,959,145
3,880,001
3.903.55'
3,524 300
3,347,821
2,786,766
2,445,449
2,607,498
2.280,762
+S'8 1,605,012,916
63,062,,576
-f-8-0
6.917,,931
6,504,,662
6.2.34,,348
4,68H,,849
3,897,,844
2,566,,903
2,016, 421
1,064,,980
445,,359
-I-14-6
-f9-5
-HVi
54-9
14-6
-I-32-8
-7-1
-I-15-0
4-32*l
97,400,873 +13-7
38,978,,450 +24-6
80,103,,60 -H9-0
25,163,,772 —12-6
15,387,,098 -K-3
10,862,,414 -I-49-1
9,261,,23M +53-8
4,787,,625 4-12-8
3-5
2,947,,168
3,428, 221 -1-11-7
1,910,,351 4-39-1
1,975,,097 -5-7
484, 462 4-23-5
543, 193 4-12-9
151,104,109
17,973,814
14,970,428
19,127,877
15,246,088
9,480,606
7,513,064
4,641,277
3,265,376
1,308,156
244,640.795
106,686,938
79,116,.'558
34^3
48,755,128
38,487,795
51,329,807
30,348,858
11,863,399
6,525,068
9.682.598
5,586,681
4.178,788
1,228,801
1,365,577
381.155,988
369.196,045
102,282,368
80,870,458
31,618,900
33,870,466
41,695.743
28,098.282
25,895,359
16,789.953
12,403,773
12,669,996
13,232.546
4,889,486
7,699,474
7,140,681
6,358,000
4,400,669
3,268,950
2,331,425
264,338,956 -I-25-5
703,712,474
145,832,^697 -1-17-0
114,652, 037 -i-8-0
34,270,1,814 -t-42-5
29,952,,457 -1-25-8
13,3 <4,i000 -1-11-5
11,837, 74 -41-6
8,852, 776 -j-154-
13,414, 294
5-9
7,755,!565 -1-63-7
5,802, 733
34-3
4,487,1531 -I-22-7
3,627,.479 --67-1
2,936, 822 4-1292,365, 593 -2-9
3,471 491 -1-1 5-7
2,091,1868 -51-5
2,314,1000 4-23-6
92-2
1,064, 284
1,256, 202 4-16-3
851,1237
—8-1 14,042,089,119
1431,664,622 -fl-7 5.430.978,672
62,432,227 -13-1
117.103,533
40,815,373 -7-2
82,978,610
6.209,471 -f7-9
16,609.253
4,583,663 -t-16-S
12,062,243
2,807,108 -1-8-3
6,782,619
2,212,830 -1-5-9
5,376,755
2,673,536 -7-1
5,187,927
2,163,522 -1-33-2
6.049.827
7-3
123.898,030
252,150,767
,98 2,303.853
Table Clearinirs by Teleirraph on page 41«
40,046,200
23,775,12
15,506,799
14,791,048
8 344,179
7,316,007
5,834,849
2.769,829
3,423,008
2,938,039
2,982,900
3,761,793
2,555.307
2,009,734
2,156.41H
1,701.048
Buffalo
4,,027,233
Washington....
Rochester
Syracuse
Scranton
2 ,163,234
-t-23-8
4-16-9
+12^7
—14-5
-5-9
-I-5-5
—2-1
—5-9
-16
1
-f6-5
-f-10-5
10-3
--30-5
29-4
25-3
--87-3
4-6-9
New Haven
Springfield
Worcester
Portland
Fall River
Lowell
New
Bedford...
New Eng.,
Tota
Chicago
Cincinnati
Detroit
Cleveland
Milwaukee.
Columbus
Indianapolis
Peoria
Toledo
Grand Rapids
Dayton
Evansvllle
Youngstown
Lexington
1-21-2
Akron
Kalamazoo
-1-24-5
4-9-7
-12-4
4-10-8
4-50-8
4-53-9
0-5
4-10-7
4-31-7
4-24-5
4-2-6
4-19-9
4-23-8
328,552,470 4-160
4-4-2
4-17-0
4-24-3
Saginaw
Rockford
Springfield. Ohio..
Canton
Tot. Mid. West'n
San Francisco
Salt Lake City
Portland
Los Angeles
—9-3
333,975,458
127,283,335
83,204,112
13,892,523
10,496,758
6,081,667
4,682,993
5,373,538
4.758,506
4-3-8
—8-0
—0-3
,
Helena
Fargo
Sioux Falls
Total Pacific
,
,
Kansas City
Minneapolis
Omaha
St.
Paul
Denver
Joseph
Des Moines
Davenport
Sioux City
St.
Topeka
Wichita
Fremont
Hastings
Tot. other West.
St. Louis
New
Orleans
Galveston
^475,364,465
,
Tacoma
4-34-5
4-94-7
603,603^01 4-16-6
Houston
yavannah
Richmond
Memphis
,
Atlanta
Nashville
Norfolk
1900.
P. Cent.
1898.
1807.
803,611,669
67.112,164
20.688,752
16,201,675
3,720,169
1,601,737
1,263,242
1.132.739
869.881
686,433
289.600
446,482.423
49.690.487
14,139,335
11,093,327
3,555,347
1.405.178
1.130.200
964,826
768.822
584.164
263.900
-3-5
4-27-2
-1-4
Hamilton
St.
John
Victoria
Vancouver
Total Canada.
. .
4-60
-11-6
—25-8
-20-4
-33-9
—4-5
917.028.888
89,314,679
4,980,700
2.024,670
1,348,697
1,308,536
1,202,066
1,081,242
772,931
540.361
833,425
103,395,177
89,7*2,964
10,773,450
5,779,387
6,135,025
4,202,067
3,131,800
1,931.608
1,669,623
1,357,354
765.348
635,862
630.058.000
71.206,168
4,181,300
1.944,433
1,188,940
-t-20-3
-40-1
-31-4
-38-5
—37-0
-37-2
-7-9
-19-8
4-9-7
4-22-8
4-53
4-2-2
4-132
4-34-6
4-14-8
—3*7
-0-2
4-22 8
4-60 6
4-79 7
4-11
-46-7
-50
4-31-3
4-35-7
4-7*9
4-7-9
4-28-0
4-69-9
4-110
4-8-6
-8 6
4-38*4
4-23-6
4-68-0
-f-9-9
4-27-2
—102
4-16-7
4-2-4
259,168
328.868
341,614
839.100
210,807
800.000
239.064
281,788
172.997
128,357.014
12.714.263
1,029,62:^
1,054,578
1,060.230
807,770
682,808
402,660
83.467.798
66.479,647
9,479,860
4.350 186
4,305,448
4,066,232
8,318,400
1,542,567
1.364,922
1,127.544
601,462
488,324
892,980
500,000
245,016
104.775
206 387
221,100
200,184
280,000
215,251
147,977
138.618
98.488,813
8,855,193
989.183
814,068
884,759
329,192
601,078
335,066
600.000
81.823
82.307
13,373.597
8.785.711
4,903,480
3,702,225
2,611.180
1.993.S43
1.013,809
833,430
438,844
499,444
334.880
370.617
58,033
84.961
1,254,328
1,786,688
1,153,669
1,237.410
727.044
4-85-2
32.453.621
28.898.324
8,693.204
7.446.188
2.621.800
2.468,443
2,187,465
3.024.397
1.952.803
1,361.872
1,081,281
988,466
649,829
556,334
751,530
585,584
526,000
278,550
277.907
214,380
4-14-6
31.517.410
1^6,677.761
-0-fl
4-34'4
24,958,486
9,373,392
6.422,394
8.713,000
2.650,981
2,193.046
2,079,577
2,198,697
1,340,553
984,340
818,884
732,687
416,153
790,312
419.696
570,000
393,819
279.348
207.469
23.748,14«
8.808,726
4,704.389
2.606,400
2.609,470
1.988,844
1,881.260
1,618.388
1,156.820
807,991
848.136
701.805
416,914
683.885
830,476
673,000
368,989
270.974
Halifax
-14-0
-2-8
-106
37.181,872
26.648.250
11,542.440
6.848.617
3.158.000
4,186,124
8.807,148
3,100,000
3.023.470
1.664.846
Jacksonville
Total Southern.
Total all
Winnipeg
+0-9
-f8-4
20,616,172
9,955,113
6.150,284
4,769,666
3,026,100
2.911,040
1,430,454
887,184
594.162
664,404
490.584
433.311
94.464
110,760
.320,617
-f-14-9
-67-7
4-128
Chattanooga
4-19-6
—353
21.018,013
9,327.890
6,515,060
5,326,913
3,435.570
2,502,230
1,995,073
1,058,351
658.779
867.919
551,083
448,474
117,692
90,377
Birmingham
Macon
Little Bock
Knoxville
Fort Worth
—26-2
-19-8
23.717,870
10.714.868
7,800,462
4,928,437
3.446.766
3,521,724
3,850,000
1,132,484
525,000
927,834
690,879
471.412
104.220
167.387
1.238,679
1.686.088
616.222
674,831
700,000
567,000
512,815
Augusta
37,398,594
37,077,728
3,993,901
1,995,118
1.847,295
9-34.239
898,942
925,600
1.035,885
919,848
867.135
378.300
314,700
999,836.501 1.347.141.528
98,623.086
123,933,530
5.662,100
6,861,600
2,316,634
2,424,045
1,570.513
1,305,523
1,013,802
1,691.459
1,034,374
1,507,598
792,888
1,287,455
874.863
1,388,358
459,177
731.133
369,429
401.124
112,715,866
140,631,725
116.296.808
105,996,594
13,630,050
11.146,620
6.785,011
6,442,815
8.849,217
8,656,329
5,158,681
4.553,778
4,516,500
3,355,600
2,379,807
2.073,059
1.678,910
1,614,998
1,551,696
1,554,409
1,035,582
842,433
967,656
643,385
951,668
529,455
235,606
233.154
209.110
384.903
813,291
329,704
369,700
280,000
388,800
286,678
298.333
276,416
274.385
254,073
358.917
284,540
299.583
187,298
166.481.797
149,987,051
13.086.459
14,217,639
1.973.041
2,045,077
1,238,381
1,714,506
1.763,944
1,427,449
1.489.117
886,340
1.047.634
953.338
714,489
661.858
531,587
477.517
210.000
180.070
107.464
109,983
1.119,617,
Outside N. York.
Montreal
Toronto
4-11-5
4-14-8
,
Spokane
Louisville
38-1
30-8
--16-5
--41-8
--88-8
4-5-3
T-4
-f63-9
4-33-9
4-60-3
4-21-4
4-22-4
,
,
Seattle
-f-7-0
-3-3
,
Boston
Providence
Hartford
Springfield. Ill
-I-9-0
-1-31-7
,
Wilmington
-f-18-2
4-20-9
1 ,589,464
,
Binghamton....,
Total Middle-
-1-13-4
-1-32-8
207,106,842 +18-1
255,770.437
24 213.035
15 ,686,053
Baltimore
130,396,507 4-15-9
18,019,000 -0-2
14,008,780 4-6-9
13,347,971 -|-43'3
9,716,814 -58-9
8,326,737 -13-9
5,649,310 -330
4,356,347 4-9-3
2.441,160 4-33-8
944,216 4-38-5
258.309,964
87,414,851
65,068,968
29,538.500
25,185,515
21,416,265
29,057.945
18,749,832
13,895,773
10,649,678
8,937,665
6.479,056
4,642,065
7,810,632
4,357,699
4,747,000
2,744,447
3,692,994
1,904,854
878, 185.581 1.173,231,495
70 948,211
8*^,456,438
Philadelphia. .
Pittsburg
4-21-3
-f6-3
-f8-0
-t-3£0
.474.031,5^:2 4-8-9
85,669,990
72.111,252
55,680,039
34,719,278
24,786,605
19,720,846
11,920,254
5,897,112
7,351,849
4,488,455
4,073,807
1,024,049
1,108,934
t
New York
-1-10-7
-23-5
-24-6
-14-6
-26-3
-^8;3
591,406,754 -8-0 1,210,294,833 1.288,53-4,0M0 -6-1
474,754 ,821 +6'5 1,094,757,523 1,026,985,992 4-66
133,900,900
51,064, 450 +20-2
117.367,250 -I-14-1
29,062,1,289 +4-4
70 501,983
64,942,439 -1-8-6
37,33 i, 079 +10-9
90,449,334
79,090,787 -I-14-3
+6-2
21,592 ,212
52,391,014
46,542,779 -hl2-6
17,325 ,500
Februa/ry 24.
$
I
New York
1899.
p. c.
62.187,347
73,069,718
1,413,002.024 1.763,319,185
634,816,443
13.629,880
9,550,642
1,733.543
1,300,000
700,060
578,304
548,985
578,304
580.087,690
17.727.311
10,285.739
28.619.698
4-14-9
4-19-7
-7'5
4-0-3
4-40-?
4-42*9
-t-7-8
—57
4-6*9
4-7-2
4-66
-11-4
-8-0
4-25
4-69 6
4-142-7
4-2-5
4-64-8
4-23-2
1
4-9^
4-25'3
4-206-7
4-10'8
-23-5
4-19-6
4-58 9
4-888
4-15-4
4-26-4
466 442,836
226 479
198 333
53,964 699
804 970,077
358 607,664
16.361.264
7.675,588
1,306,215
1,052,000
682.070
498,424
8.881,278
6,838,685
1,050.271
956.053
547,986
440,304
27,476,661
17.713.689
4-17-5
59.542.773
—19-4
-7-8
•
—23-1
-7-1
,269.954,404
1.465,819
1,014,661
633.401
677.171
4-18-3
4-28'2
4-12-4
500,215
535,079
4-9-7
4-8-1
38.729,396
-12-6
4-02
THE CHRONICLE.
400
[Vol.
LXX.
by which this investment property has been wrecked
ought to be known to the public.
THE FINANCIAL SITUATION.
The South African war
has actually reached the
A crisis in affairs there has
turning point this week.
appeared probable ever since General Roberts began
his movement.
When Kimberley was relieved the
conditions now reached looked likely to occur; when
General Cronje was bottled up they came much
nearer, and now that Cronje and his force of four
thousand men have capitulated, and especially since
Ladysmith has been relieved, it is evident that the
success of the Boer tactics in getting first into the
field has reached its limit.
It has been a brave fight.
But the outcome has never been doubtful. The situation now unfolding betokens, we think, a speedy dissolution of the [compact between the two republics,
and with that accomplished peace cannot be long delayed.
The victory of Generals Roberts and Buller
most effectually puts an end to the reported danger of
As against the depressing influence exerted by the
developments regarding the Third Avenue Railroad
of this city, the extremely favorable character of the
returns of earnings, gross and net, which are coming
hand
periods from the railroads in
various parts of the country have been a sustaining
factor of great importance.
We have frequently of
to
for current
taken occasion to refer to this improvement in
the revenues of our railroad transportation lines,
late
but as the weeks and months
referred
to
is
becoming
week we
more
by the feature
rather than less
had some really
roll
marked. This
have
remarkable statements of gross and net for the month
of January. The gains for that period possess more
significance than those for the month of February.
In this last-mentioned period we are comparing, as
European complications, to which recent rumors had has already been pointed out in these columns, with
for the moment given a more threatening aspect. the time of the blizzard, when railroad traffic was so
Relieved from that fear, and with the prospect that seriously interrupted over the greater part of the
the South African struggle is [nearing its end, the country. In January, on the oth^r hand, while the
hope may be indulged that it will not be long before weather last year was also somewhat severe in certain
the strain which has existed in the financial circles in sections, there was no such general interruption as in
Europe (will be relieved. This, too, is a matter in February, and that circumstance, therefore, was not
which the United States has a deep interest as well a common disturbing factor. We may note, too, that
though in February our statement last year recorded
as Great Britain and the Continent.
a small decrease in gross earnings as the result of
the adverse weather conditions, for
there
A crisis has likewise" been reached this week in a was an increase in the sum of about (onJanuary
the roads rehome affair that has long served as a seriously-disporting) of 5\ million dollars, or over 8 per cent.
turbing ebment in Stock Exchange circles. The
Yet now for January 1900 we have further gains
receivership appointment for the Third Avenue Railwhich are only slightly less noteworthy than the very
road is the event referred to. That stock, which
exceptional increases which are coming to hand for
sold at very near 250 last summer, and probably was
February and which in part at least are due to the
bought as an investment at that figure, has been selllosses sustained a year ago in that month.
ing this week in large amounts at 50 and below.
The Pennsylvania Railroad in its January return
Those data represent the course and extremely trying
furnishes a conspicuous illustration of the improvecharacter of the development.
It has been attended
ment we are referring to. The Pennsylvania is not
with rumors of disaster alternating with promises of
only the largest system in the United States, but it
speedy relief, the rumors and promises and declining
may also be claimed to be the most representative. On
conditions all the time being a leading source of dethe lines east of Pittsburg and Erie the company repression on the Stock Exchange.
Recently the surports $1,112,100 increase in gross earnings and $594,roundings have grown desperate. For a time it was
300 increase in net, and on the lines west of Pittsburg
supposed that Messrs. Kuhn, Loeb & Co. were to
an increase of $790,600 in gross and $271,700 in net.
undertake the work of its reorganization. When that
In other words, on the Eastern and Western lines
house withdrew from the negotiations the idea such
combined the improvement has been not far from two
withdrawal suggested and which has continued to premillion dollars in gross and $866,000 in net all for a
vail since was that discoveries not given to the public
And this covers only the lines directly
single month.
had been disclosed which made the work of putting its
If the lines controlled were included, the
operated.
affairs in order more burdensome than that house was
There
gain would reach still greater proportions.
willing to undertake.
Since that outcome there
could be no better indication of the wonderful activity
have been constant efforts to find a substitute some
of general trade than is furnished by this noteworthy
one or more houses whose circle of influence at home
record of improved receipts by the largest of our railand abroad would be sufficient to command the large
In the following we compare the January
roads.
amount of capital needed and was willing to take
earnings for six years past of the lines east of Pittshold of the matter on the terms offered was the desidburg the only portion of the system for which we
eratum vainly sought. All negotiations proved fruithave the data for such a comparison.
lees, although each day the promise has been that the
endeavor was about to be successful. On Wednesday
T.TNBS BAST OF
1900.
1890.
1898.
1896.
1890.
1807.
PITT6. & Brie.
the final development came in the appointment of
1
%
1
1
Hugh J. Grant as receiver, and yesterday it was an- QroBBJanuary.
6.424.871 5.312,171 6.089,071 4,765,671 4,993,771 4.678,271
earnlnga
—
—
—
nounced that Messrs. Kuhn, Loeb & Co., acting as Operat'g expenses 4.647.274 4.129.474 3,936,874 3,699,474 3,949,974 3.696,874
081,307
Netearninss... 1.776.997 1,182.607 1,162.707 1,126,197 1.043.70;
fiscal agents for the protective committee of creditors,
stood ready to advance money against an issue of
While^by reason of its size and position the Pennreceivers' certificates.
There are certainly facts in sylvania Railroad naturally reports the heaviest
the case which should be investigated and made pub- amount of increase, the returns of other roads tell
lic.
The history of the involvement and the method the same story. We may refer to the Atchison.
Makch
3,
THE CHRONICLE
1900.]
401
Topeka & Santa Fe, which furnishes another one of The check drawn in payment of this note passed
its strikingly favorable exhibits, an increase in gross through the Clearing House on Saturday, and each
being attended (for reasons previously enumerated by day's receipts by the Sub-Treasury, with the excepus) by a reduction in expenses; the addition to gross tion of those on Wednesday, were in excess of the
for the month is $450,341, the addition to net $610,- payments, thereby drawing still further sums of
033.
Or we might mention some of the Southern money from the banks. The bank statement of last
as the most striking feature, a
roads, like the Louisville & Nashville and the South- week showed,
ern Kailway; the former has enlarged its gross by further expansion of $11,035,900 in loans, mak$463,616 and its net by $272,317, and the latter its ing $69,217,000 during the six weeks since Jan. 18.
The anth- The specie was reduced $1,048,600 and the legal tengross by $373,124 and its net by $59,460.
racite coal roads collectively
make
the best exhibits
week the January figures of
the Central of New Jersey, showing $210,856 increase
in gross and $146,189 increase in net; this week we
have had the statements of the Reading and of the
Lehigh Valley, revealing the same characteristics.
The Lehigh Valley on its railroad operations (not
counting the Coal Company's business) added almost
half a million dollars to its gross receipts and $202,-
in months;
we gave
last
net receipts; the net of both companies
combined is $319,155, against but $112,152 in January 1899. The Reading reports net of $1,104,542,
against $926,134; on the Railroad alone that compa-
330 to
its
In like manmer Western, Northwestern and Pacific roads present
similar encouraging returns.
ny's gain in gross receipts
The
is
$432,390.
Wisconsin Central
were listed on the New York Stock Exchange this
week. The reorganization, it will be remembered,
was a drastic one ; the income bondholders and the
preferred stock alike paid an assessment of 20 per
cent and the common stock an assessment of 10 per
cent,
securities of the reorganized
and all three classes of
security- holders
had
their
holdings scaled down besides. So the new concern
starts in strong condition.
As was pointed out by us
at the time the reorganization plan was promulgated,
the best feature of the arrangement is the fact that
the complex organization of the old Wisconsin Central
System has been done away with. Under the old
arrangement the property was represented by the
bonds, notes and stocks of no less than thirteen separate corporations.
The new Wisconsin Central Railway now holds the whole of this property under its
own organization.
Moreover, all but about two
million dollars of the old bonds have been retired, so
that the new mortgage for $27,000,000, of which $22,.
500,000 have been issued, is a first lien subject only to
A statement
this small amount of underlying bonds.
is submitted covering the earnings and operations of
the new company for the half-year ending December
31, 1899, from which it appears that in those six
months the company earned a surplus over and above
expenses and all fixed charges of nearly half a million
$1,826,400, while the deposits were increased
The surplus reserve was lowered by $4,$5,848,600.
ders
at $19,678,550. This reduction
in surplus and the continued movement of money into
the Treasury have tended to impart a firmer tone to
337,125,
now standing
money and for commercial paper,
money on call have remained easy,
the market for time
though rates for
owing to liberal offerings by some of the larger banks.
There seems to be an expectation of relief to the
market as soon as the refunding operations can begin
under the provisions of the Gold Standard Act ; but
it is now improbable that this measure will become a
law until the end of next week. A notable feature of
the week has been a demand for governments, especially the new 2 per cent gold refunding bonds, which
have sold at 106, and that price is bid for them.
representing bankers' balances, has
loaned at the Stock Exchange during the week at 2^
per cent and at 2 per cent, averaging 2i per cent.
Loans have been made uniformly each day during the
week at these rates, with the bulk of the business at
Money on
call,
2^ per cent. Banks and trust companies quote 2| per
cent as the minimum, but some of the larger banks
have freely loaned at 2 per cent. Time money is in
good demand, and though offerings are liberal rates
are firmly held at 4| per cent for sixty to ninety days
and 4^@5 per cent for four to six months on good
mixed Stock Exchange collateral. Transactions are
generally at 5 per cent for the longer periods beyond
four months and they are at this rate for all dates on
Comloans with an admixture of industrial security.
mercial paper is in fair supply, but the demand is
light and comparatively few of the city institutions
brokers report a good though not
an active business. Rates are 4^@5 per cent for sixty
to ninety-day endorsed bills receivable, 5@5i per cent
are buying.
Still,
prime and 6@7 per cent for good four to
months' single names.
for
six
There has been a succession of British victories in
South Africa this week. On Tuesday General Cronje
surrendered, after a resistance of eight days, and over
4,000 Boers were taken prisoners by General Roberts.
On Wednesday Lady smith was relieved by General
dollars
in exact figures, $494,339.
BuUer, the Boers retiring on the approach of the
There have been no changes in the oflBcial rates of British forces. Oolesburg and Rensburg were occudiscount by the large European banks this week. The pied by General Roberts's troops on Wednesday. The
tone of the open market for discounts at London and Bank of England minimum rate of discount remains
Paris has been steady, but at Berlin it has been quite unchanged at 4 per cent. The cable reports discounts
firm with an advance of nearly one- half of 1 per cent of sixty to ninety day bank bills in London at 3|®
compared with last week. This firmness may, how- 3| per cent. The open market rate at Paris is 3f
ever, be due to a special demand incident to the be- 3i per cent, and at Berlin and Frankfort it is 5@5i
ginning of the month. The local bank conditions per cent. According to our special cable from Lonhave been affected this week by the payment last Fri- don the Bank of England gained £243,074 bullion
day, in anticipation of its maturity on August 1 1901, during the week and held £35,972,051 at the close of
Our correspondent further advises us that
of the fifth note, amounting to $2,940,635, given by the week.
the Central Pacific Railroad Company to the Govern- the gain was due to imports of £582,000 (of which
ment on account of the company's subsidy bonds. £500,000 were from Russia and £82,000 bought in the
—
@
.
THE CHUONICLE
402
open market), to exports of £220,000 (of which £200,000 were to the Cape and £20,000 to Koumania) and
to £119,000 net shipped to the interior of Great
[Vol.
Week EnMng March
N. T. Bwnkt. N. T. Banks.
Currency.
Gold
Britain.
Total gold and legal tenders.
14,031,000
$3,314,000
1,182,000
497,000
16,163.000
$3,811,000
With the Sub-Treasury operations the
Influenced by the absence of
demand and by
liberal
drawn against securities
bought for European account, and also by a steaay
supply of commercial bills drawn chiefly against cotton, the foreign exchange market has been generally
weak and compared with the rates for actual business ruling on Friday of last week, there has been a
decline of one cent all around.
At tJie same
time Continental rates for exchange have also declined.
On Thursday there was a notable disinclination to buy sterling in expectation of still lower rates
as the result of arbitrage purchases of stocks and also
of offerings by large banking houses supposed to repofferings
Net Interior
Movement.
Slitpved by
Received by
2, 1900.
LXX.
Gain.
Gain.
$717,000
635,000
Gain. $1,352,000
result
is
as
follows:
of bankers' bills
resent special negotiations of securities.
Eeceipts of
JSndtno March
TTeeJt
2,
^et Change in
Out of
Bariks.
Into
1900.
Banks.
Bank BolMngs.
Banks interior movement, as above
$5,163,000
Sub-Treasury operations
15,800,000
$3,811,000
21,800,000
Gain. $1,352,000
Loss. 6,000,000
120,963,000
$25,611,000
Loss. $4,648,000
Total gold and legal tenders.
The
following table indicates the
in the principal
of bullion
European banks.
March
Bank
amount
1,
March
1900.
2, 1899.
of
Gold.
Silver.
£
England
France
Germany.. ....
Bnssia
Total.
Oold.
£
£
Silver.
Total.
£
83,742.677
35,972,051 33,742.677
76,792,328 45,670,385 122,462,713 72,910.921 47.900,071 120,810,992
28,746,000 14,809,000 43,555,000 29 255,000 15,071,000 44,326,000
83,751,000 6,149,000 89.900,000 99.421,000 4,460,000 103,881,000
86,972,051
gold at the Custom House during the week were
$159,896, of which $130,275 was foreign gold from
Havre. The Assay Office paid $1,426,555 76 for do-
Aus.-Hung'yt 37,836,000 9,123,000
Spain
13,616.000 14,978,000
46,959,000 29,832,000 10,412,000
40,244,000
28,594,000 11,202,000
9,646,000
20,848,000
Italy
mestic bullion this week.
Tot.thl8 week 300,319,379 99,821,385 400,140,764 299,496,698 98,306,071 397,802,669
Tot. prev. w'k 299,112.30! 99.085,385 398,177,690301.094.707 98,303,071 399,397,778
Nominal rates for exchange were 4 84@4 85 for
sixty-day and 4 87i@4 88| for short until Thursday,
when the higher rates were reduced, and the range
thereafter until Friday was from 4 84 to 4 84^ for the
former and from 4 87^ to 4 88 for the latter. Then
the range was from 4 83^ to 4 84^ for sixty day
and from 4 87 to 4 88 for sight. Kates for actual
business opened on
Monday
ter of a cent for long
and
at a decline of one-quar-
for
cables,
those on Friday of last week, at 4
compared with
83^@4 83f
for the
Netherlands..
Nat.Belg'm„..
+
15,427,000
1,593,000
17,020,000
15,678,000
2,381,000
18,057,000
6,251.000
6,037,000
11.291,000
4,813,000
11,172,000
2,925,000
1,462,000
4,387,000
3,147,000
6,869,000
1,574,000
4,721,000
The Austro-Hungarian Bank Statement is now issued in Kronen and HelGulden and Kreutzer. The reduction of the former currency to
£ was by considering the Gulden to have the value of 50 cents. As
ler instead of
sterling
the Krone has really no greater value than 20 cents, our cable correspondent in
London, in order to redU'ie Kronen to £ has altered the basis of conversion by
dividing the amount of Kronen bv 24 instead of zO.
BANK CUR RENOT AND THE NEW
FINANCIAL BILL.
We
showed very
page of our
''Financial Situation" last week what an inflating
influence the new financial bill of the Conference
Committee was intended to be. The conclusions we
reached on that occasion were made before we could
obtain the new bill. We wrote on Friday, subsequent
to the announcement that an agreement had been
attained, but the bill did not reach the city until
late Friday night.
Our remarks were based upon
and confined to a review of the refunding provisions
contained in the Senate bill as introduced, it being
reported that the bill agreed to by the two Houses
followed in that particular the Senate measure. We
find now that the Senate refunding feature was
briefly
on the
first
former and 4 871@4
was half a cent lower at 4 86f @4 87. The market
was weak and it so continued on the following day,
though it grew steadier at the close and no change
was made in rates. Neither was any alteration
made on Wednesday, the market being dull. On
Thursday, however, the tone was again weak, and
rates for actual business fell off half a cent all around,
to 4 83@4 83i for long, 4 86i@4 86^ for short and
4 87@4 87i for cables. The market was easy on Friday at a decline of one-quarter of a cent for long and
The following shows daily posted rates amended in several particulars, either while in the
for cables.
Senate or before adoption in conference, but the
for exchange by some of the leading drawers.
amendments do not, we believe, in any degree make
DAILY POSTED BATES FOB FOBEIOM BXCHANOB.
We furnish
a change necessary in our conclusions.
FBI.,
MON., TtTBS., Wed., Thtjk.. FBI.,
our readers with the Conference Committee's bill in
Feb. 23. Feb. 26. Feb. 27. Feb. 28. Af.ir. 1. Mar. 2.
fall on page 411 to-day.
84
84
60 days. 4 84«
84
84
84
Brown Bros
488
87«
ISiifht.,.,
87«
87«
87>i
87«
Notwithstanding our confidence in the conclusions
60 days. 485
85
85
86
Baring,
84
88
Uagoun & Co.. {Sight.... 4 88«
88
i^
88H
87«
reached a week ago, the amendments need examina60 days. 485
Bank British
84«
84«
84
§1^
4
88
88
No. America... JSiKht...,
88«
88
il«
87«
There are those who appear to think that
tion.
60 days. 485
85
Bank of
84«
84«
§5^
488
Bight...
Montreal
88
88
88
87H
87}i
these changes will lessen the number of 2 per cent
BO days
485
Canadian Bank
86
85
85
84«
4 88i<
of Commerce. {Sight...
88^
bonds the banks will get in exchange for the old bonds
88
88
88H
88X
87| for the latter, while sight
5
J
5
i
J
5
Heldelbach. Ick (60 days.
elhelmer s, Co, {Sight...
60 days
IiazardFreres... 5
Merchants' Blc
of Canada
4
84«
{
Sight...
5
60 days
488
4 84«
488
485
}
Sight...
4 88Wi
84«
84^
84«
84
88
84
88
88
87«
84
87
84
84
SSH
87«
87J^
87
85
84
87J<
85
85
88«
84X
88J<
84 V«
88
87«
88
and consequently lessen the amount of 2
per ceLts to be issued and the supply of currency
thereunder. Before making that investigation and
the^ hold,
as preliminary to
The market was
it,
we wish
to say that so far as the
on Friday, with rates for law enables the banking institutions formed under it
actual business 4 82f @4 83 for long, 4 86|@4 86^ to^ make money, and so far as it adds note-making
for short and 4 86f @4 87 for cables.
Commercial on power of a kind that is not harmful to commerce, we
banks 4 82|@4 82^ and documents for payment should favor and commend it.
Increasing the
4 81f @4 82f cotton for payment 4 81f @4 82, cotton issue of notes to the par of the bonds no one
for acceptance 4 82^@4 82^ and grain for payment can oppose by and in itself; if it is
right and
easy
;
4 82i@4 82|.
The following
gives the week's
to and from the interior by
movements
New York
of
banks.
money
reasonable to issue 90 per cent of the face of the bond,
it is just as right and reasonable, no more and no
We
less, to authorize the 100 per cent of the face.
also decidedly favor the feature reducing the tax
on
March
THE CHRONICLE.
3, 1900.]
the notes based on the new 2 per cent bonds from 1
per cent, as it was in the Senate proposal, to one- half
of 1 per cent, as it is in the conference measure.
These are the two facts in relation to this subject
which it is well worth while for every voter in the
United States to remember. Stated in a general way,
one of them is that we can never have in operation a
good and workable bank-note system if the banks
created under the law authorizing their formation do
the
not everywhere find it profitable to issue
notes.
To make a system and then take away
the profit by taxation
just as sensible as to
is
funding
is
403
completed?
It is to
be assumed for the
reason just stated that every bondholder will take
the
new
2 per cents he can get on his bonds.
all
The inThe Sen-
one of wide interest.
ate refunding bill as originally introduced evidently
meant that the total of the new bonds would exceed
the number of the old bonds by the number required
We say that wa&
to pay the premium due on them.
the evident meaning, because there was no other
limitation put on the issue and there was no money
quiry consequently
is
appropriation for the premium.
The conference measure makes
make
a change in the
and com- wording of the Act relating to each of the particulars
bustion chamber. The engine may be perfect, but last mentioned yet the interpretation to be put upon
the maker will never get the water and steam to cir the changes seems to some writers not quite clear.
a steam engine and then seal
up the
fire pit
;
nor can the legislator get the
notes to circulate without the generating function a
profit possesses, though the notes be of the finest
workmanship and the system the best the world has
Our national bank law has for years
ever devised.
contained the authority for 90 per cent of about
1600,000,000 of bank notes— that is, 90 per cent on
culate without the
fire;
—
—
In the refunding provision Section 11 of the Act the
flrst paragraph, after citing the classes *'of the outstanding bonds" which **the Secretary of the Treasury is hereby authorized to receive," adds authority
also **to issue in exchange therefor" (that is, for the
received bonds)
"an
*
bonds"
cent per annum."
tered
*
equal amount of coupon or regis*
bearing interest at 2 per
In the same provision, but in the
is provided ** that such outstanding
<*
the amount of capital the banks created under it
have had; yet the notes outstanding have not reached next paragraph, it
Why ? Because as a rule taking bonds may be received in exchange at a valuation not
one-half that sum.
out circulation has for many years not paid for the greater than their present worth to yield an income of
;
Moreover it is equally true that we can 2\ per centum per annum " then again in this
investment.
never have a practicable banking system that is, a sys- second paragraph it is further added that "in con-
—
of busi-
sideration of the reduction of interest effected, the
the surroundings are such that the or-
Secretary of the Treasury is authorized to pay to
the holders of the outstanding bonds surrendered for
tem that expands
ness
— unless
ganizations can
in accord with the
make money.
demands
When
the point
is
exchange out of any money in the Treasury not otherwise appropriated a sum not greater than the difference between their present worth computed as aforesaid and their j9ar value." These three clauses taken
together have been construed to mean that the 2 per
cents are in all cases to be issued only for the par.
value and that cash is to be paid for the premium.
We see no basis for that interpretation. The view
new law is the question which at the moment is the
engrossing one; that is so because of its bearing upon has interest chiefly because of the idea which has been
the immediate and future condition of money, upon expressed that disbursements on account of premium
our foreign exchanges and also upon the market are to affoid a large outflow of monay from the SubOf course no difference Treasury. To negative that proposition, the first clftuse
price of Government bonds.
in opinions can exist as to the 10 per cent increase in of Section 11, cited above, is all-sufficient. In describnotes to be taken out on the bonds already on deposit ing the extent of the authority granted for receiving
with the Grovernment, or in the 100 per cent allowable and issuing 2 per cents in exchange for old bonds,
on the face of all other 2 per cent bonds hereafter de- the words are the issue is to be in " equal amount"
An interesting fact, however, in connection with the old bonds received. The law does not read
posited.
with the feature mentioned, is the provision of the "equal in number" or " equal in amount up to the par
proposed law leaving the tax on national bank circula- value," but in substance it reads equal to the whole
tion unchanged, that is leaving it one per cent on amount, face and premium, of the old bonds received.
all the old bonde, but reducing the tax one-half on This view is further strengthened, and indeed made
This absolutely clear, by the first clause of the next paracirculation taken out on the new 2 per cents.
It obviously graph, which distinctly says that the old bonds are to
is an extremely noteworthy distinction.
reached that only the biggest banks that have accumulated large surpluses can on legitimate banking
business declare suitable dividends, the country is
encouraging risky kinds of bank business, and is
being unduly deprived of these extremely useful instruments for developing and facilitating commerce.
But the additional circulation granted under the
—
acts to stimulate refunding
and
to give the
new
issue
the highest relative value of all the Grovernment seBut what to the old bond holder is of more
curities.
importance
is
the loss hereafter of the
demand for
use
bank note issues of which they are deprived by the same preference a loss that cannot fail
to be a serious, and when understood must prove to
be a depressing, influence on the market value of the
classes of governments not
included within this
refunding privilege. Those provisions of the bill are
Some
so obvious that they only need suggesting.
other portioEs of the measure about which there are
as a basis for
—
opinion require closer conthe question what is to be the
likely to be differences of
sideration.
total
First
amount
is
of the
new
—
2 per
cents afloat
when
re-
be
"
received in exchange at a valuation not greater
than their present worth to yield an income of 2^ per
cent per annum." If this last clause is put in connection with the foregoing one, there does not seem
room left for a doubt as to the meaning of the Act.
The next paragraph, authorizing a payment of money,
no doubt found a place in the bill to meet possible
contingencies; cash would be required in cases where
there was a small balance lefc to be settled or where
any holder might desire cash for the premium.
What amount of new currency the banks can take*
out under the new bill has been indicated in a general
way by the facts we have stated. We have this week
the Treasury reports for the first of March, so that
the figures represent the situation one month later
—
THE CHKOJSICLE.
404
than those used
last
week.
deposit as security for
The
total
bonds now on development of
circulation are 1240,172,270;
an increase of 10 per cent in the circulation would be
24 million dollars. Of this $340,172,270, only $203,493,270 are bonds desisjnated as convertible; as
these can be exchanged into refunding 2 per cents
"at their present worth to yield an income of
2^ per cent," and assuming that such worth
averages about 13 per cent above par, an increment
over the par value
is
[Vol.
reached, convertible into the 2
per cents, of about 26 million dollars, on which currency can be obtained to the full 100 per cent. It is
likewise presumable that the banks will speedily sell
effective
campaigning
LXX.
on similar
lines.
In the light of military rule and precedent, the
next move will be an effort to crush General Joubert's
main army, which is now concentrating between Lord
Roberts's forces and Pretoria.
The capture of Bloemfontein would be only an incident in the campaign.
The Free
State
capital, described
by Mr. Bryce as a
"place with 3,300 white and 2,500 black inhabitants,
nestling under a rocky kopje, and looking out over
illimitable plains to east and north," equipped only
with "a little fort with two Maxim guns in the
arsenal," may possibly present no serious difficulties;
but the objective point is the crushing of the enemy's
armament, and on the execution of this purpose depends the duration of the war. We do not hold
the theory entertained by some writers, even in
on deposit for circulation that is, those not convertible and purchase 2
per cents with the proceeds. That action must be
necessary, since the banks have to pay a Government
tax of only ^ of 1 per cent on all circulation taken out England, that an interminable guerilla warfare
upon deposit of the new 2 per cents, whereas the tax is in any case before the English. Something like
is
1 per cent on all other United States bonds. this was predicted at the close of the American Civil
The premium on these ($36,679,000) would, War and of the Franco- Prussian contest. But the
all
their other classes of bonds
—
—
speaking roughly, also
net,
say, Q^
million
dollars,
which when deposited would secure 100 per cent
in notes.
Altogether, then, here is an addition
of about 57 million dollars in bank notes, which
as fast as the notes can be prepared by the Treasury Department will probably be put in circulation.
Finally, as there is a decided profit in buying the
new bonds and taking out circulation, and as the
bank capital is now $606,000,000, and as the amount
of the bonds to be converted is $839,146,490 plus a
premium of, say, 13 per cent ($109,089,043), amounting to $948,235,533, it seems that one can easily calculate on a plethora of currency during coming
months.
The
effects
on business, on foreign exchange and on
gold exports of this inflation raises quite another
question; we shall not discuss those matters to-day as
that could be of no advantage. It is even possible
that the issue of bank notes will be a slow matter,
being delayed by difficulties of preparation. But that
there will be a considerable growth in bank capital
and sooner or later a very decided enlargement of
bond-secured bank notes, does not permit of doubt.
THE ENGLISH VICTORIES.
This week's two decisive British successes in the
Transvaal campaign begin to foreshadow the successful termination of the war.
This is so, not
alone because of the moral effect of General Cronje's
surrender and the relief of Ladysmith, but because
each successive move of the past fortnight bears witness
to a well-devised and scientifically executed plan of
campaign, which is not likely to have reached its end
on the frontiers of the Boer dominions. No mistakes
have been made since Lord Roberts assumed com-
mand
of the general
ener
of
the
field
army operations and Lord Kitchorganization.
The
crucial
test
of a change of direction for an entire army
manoiuvre, on a change of plan by the enemy, has
been sustained. The heading off of a retreating army
by a cavalry force was executed with precision; the
counter-effect of the demonstration on Bloemfontein
upon the troops confronting General BuUer was correctly and exactly measured.
Thus far no calculation
Moltke
Von
could
not have mapped out
lias failed;
a campaign with greater accuracy.
A series of
achievements like this gives promise of a further
guerilla warfare never
to materialize in
materialized, nor
modern
is
it
likely
times, unless under condi-
existed in Spain during 1805, when a
people trained to predatory warfare were fighting for
tions such as
existence.
The Boers
same character
century ago, and
are not of the
and habits as the Spaniards of a
they know, especially in the Orange Free State, that
neither existence nor the principle of self-government
at stake.
We anticipate confidently that, if their
organized fighting force were to be dispersed or capis
tured, both
Government and people would
yield to
the inevitable.
While adopting this conclusion, however, it would
be rash to assume an easy victory. The change in
general plan of campaign by Lord Roberts, his sudden and unexpected forward movement in force
around the Boer army in the west, placed the Boer
forces at precisely the disadvantage in which the English were placed at the beginning of the campaign.
The Boer army last week was separated into divisions
wide apart from one another, at least two of them
the force confronting Lord Methuen and that before
Gen. Gatacre devoting their energies to a task whose
successful accomplishment would hardly have alHoldtered the actual prospects of the war.
the enemy in
check was
practically all
ing
that these divisions could achieve, under the best of
circumstances.
The siege of Ladysmith was a highly
important element in the Boer campaign, because the
capture of that stronghold would have deprived the
British army of a valuable advance post, and would
have thrown into the hands of the Boers an immense
amount of munitions of war.
As between the continuance of the Ladysmith siege
and the protection of the road from Kimberley into
the Free State, the importance of the second object
was so pre-eminent that, if the Boer commanders
in the east had been fully aware of Lord Roberts's
plan, they would almost certainly have raised the
siege and moved to effect a junction with General
Of this there can be no doubt whatever,
Cronje.
since they have been compelled to do so even when
It was the
too late to relieve the army in the west.
completeness of Lord Roberts's preparations, the
swiftness and suddenness with which he fell upon
General Cronje, which prevented any effective movement from the Ladysmith Boer contingent. In some
ways the most admirable feature of the entire cam-
—
March
THE CHRONICLE.
3, 1900.]
405
paign thus far was the success of Koberts and Kitchener
in keeping the nature of their own purposes absolutely secret, while allowing military and public attention to converge itself wholly on the continued
The whole
demonstrations by General Duller.
has been a steady decline since then in the number
both of schools and of students. In the last year for
which we have their reports, 1S98, there were only
337 such schools, with 71,000 pupils. In addition to
manoeuvre provides an instance of military science
called
of
the highest order.
campaign again
the Boer forces concentrate on their main
In numbers the advantage in the coming
Now, however, the nature
changes as
defenses.
of the
these, 32,000 students are reported studying
what are
commercial courses in public high schools,
10,000 more in private academies, 6,000 in normal
Exschools and 6,000 in universities and colleges.
thorough
opened
have
which
cepting three universities,
courses, in some degree parallel to those of advanced
commercial schools of France and Germany, extend-
In leadbalance
weighs ing over four years, the other colleges and schools
the
ership and in material resources
to the same side.
On the other hand, the Boers may may be taken together as teaching little more than
now reckon to their advantage the fact that actual the rudiments of commercial education. An examinainvasion of the Transvaal means a movement into tion of their catalogues shows that they content themterritory whose government has for five years been pre- selves with special courses which in many instances
paring for exactly such a contingency. It would be fool- extend little beyond commercial arithmetic, bookstruggle
is
of course wholly with the Eaglish.
importance of this fact in a possible keeping, business forms and correspondence, stenogprolongation of the struggle between the main armies raphy and typewriting; and as a whole the work of
of Great Britain and the Transvaal.
We observe the high and normal schools and most of the colthat the British Government has wisely recognized leges may be regarded as standing in about the same
this
preparations relation to advanced commercial education that school
its
possibility
by continuing
ish to ignore the
for the despatch of
additional battalions, even since
the change in the aspect of affairs at the front. It is
quite probable that similar recognition of the facts
arithmetic does to civil engineering. They give a slight
acquaintance with the tools of the trade, and make
life at the
compensation
on the financial markets is the true cause of the com- bottom, with ability to earn the lowest
The Universities of Pennsylvania, Caliparatively slight response of prices, even in London, of a clerk.
to this week's stirring news.
If the war is to be pro- fornia and Chicago, to which Columbia may now be
longed, even with prospect of English victory added, have opened thorough and extensive courses,
steadily improving, the Government's drain on the covering the broad field of a commercial career, emmoney market must continue, and the resumption of bracing legal, political, historical, economic, geomining operations at Johannesburg must be deferred. graphical, linguistic and technological studies conEven in our own security markets of 1898, it will be cerning the materials of commerce, and adapted to
remembered that the really impressive revival of train men for the highest ranks of commercial life.
activity did not come until the peace negotiations in They have as yet very few pupils, and the opportunities they offer are little understood or appreciated.
behalf of Spain were actually opened.
Turning, then, from the work of the high schools
There is naturally great difference of opinion as to
when a similar chapter will begin in the Transvaal and colleges, we find that the so-called business colmatter.
That mediation will be proffered, by way of lege is the chief agency to which our people are lookobtaining terms for the Boer Governments, we regard ing for the education of men and women for business
as perhaps an early possibility.
At the same time it life. It is more than fifty years since the first of
seems hardly probable that the British Government, these schools was founded. They have had a wide
in the event of complete success, will be able to lower vogue and have been commercially prosperous. Many
its
terms from the demand for control of the have thought that they meet our needs in comparison
two States as colonies of the British Empire. Any- with the commercial schools of Europe. In fact,,
thing short of this, as Lord Kosebery pointed out they are not in the same grade at all. While ostensisome months ago, would render easily possible a re- bly having prescribed courses and requiring a certain
currence, at some future date, of the political situa- grade of attainment for admission, they take pupils,
tion which has caused all the present trouble.
On of all grades of intelligence, for brief and optional
the other hand, the offer must comprise tender of courses, which are in the main limited to the mere
complete and fair local self-government; and since technicalities of office work, such as bookkeeping,
the citizens of the South African Republic at any penmanship, arithmetic, office and correspondence
This educarate have never yet really enjoyed this blessing, the forms, with shorthand and typewriting.
terms of the English would possibly come as some- tion is given in connection with a more or less brilA school floor is
liant display of office equipments.
thing else than an exaction.
fitted up with what purport to be banks, countinghouses, and the like, and a show of actual business is
COMMERCIAL EDUCATION IN THE
carried on among them.
The value of this style of
UNITED STATES.
so-called education may be stated in the words of a
Rev. Henry A. Stimson, D. D.
sympathetic English inspector, principal of a school of
Ten years ago the American Bankers' Association, the same class in his own country. In a paper read
feeling the nedd of more adequate professional train- before the Congress of Technical Education in Loning for young men preparing for business, appointed don, this gentleman says:
**There can be no doubt
a committee to find out what was doing in these that this elaborate and exhaustive system is attended
directions.
At that time the so-called commercial or by very good results, and that the young people of
business colleges were in the high tide of their pros- both sexes who have gone through such a course inperity.
In 1890 263 such colleges or schools reported telligently are fairly qualified to take a place in any
79,000 pupils; in 1894 the numbers had risen to 518 house of business without requiring that coaching
schools with 116,000 students. For some reason there and supervision which the raw youth fresh from the
it
possible for students to
enter business
THE CHRONICLE.
406
public school invariably needs, and which
["Vol.
LXX,
gener-
house whose more careful estimates based upon better
nobody's business to supply. But at the same time knowledge of the exact requirements made their bid
it is highly probable that the completed student, *or the lowest.
A Turkish manufacturer required a large
graduate' as it is termed in America, has in reality no quantity of machinery. Many bids were made. Those
it is
ally
sound knowledge of any particular commercial subject, but rather a general and often hazy idea of
office routine.
And in this respect it seems to me
the American method falls far short of the English."
English schools of the same class, he thinks, are better, simply because they teach a few subjects, like
stenography, bookkeeping and typewriting, with
greater thoroughness, and make no pretense of assigned courses, but take in individual students at
any hour of the day or evening for any length of
time and for any single study. Whether the English
business college is or is not better than the American
is of small importance in view of the testimony both
in England and here as to the utter inadequacy of
both for fitting young men for business life in compe-
from certain German and Austrian firms, being in
the Turkish language and currency, were accepted,
while English bids, in the English language and in a
strange currency, were not even considered.
"It is
agreed on all hands that in the matter of technical
industrial education we are making up leeway; and
on the other hand there is quite as decided a concensus of opinion that in technical commercial educa*
we are drifting to leeward as helplessly as ever.
Our traders and our representatives are wanting in resource, and are not well equipped with the arms of
their profession.
For his foreign trade especially,
tion
the English manufacturer has to rely largely on the
who
foreign traveler,
secrets
and
learns
his
his trade weaknesses,
employer's
trade
and uses them
as
he
tition with the trained
graduate of the Continental pleases,"
commercial schools.
Testimony from England is of value because their
In England, where the competition with the Con- methods of business are similar, and their source of
tinent is closer and more severe than with us, the en- supply, like ours, is solely the ordinary school, with
tire inadequacy of this system of commercial educa- such supplement as may be supplied by a few busition is recognized and just now strenuously pressed. ness colleges.
The London Chamber of Commerce
Another speaker at the Congress of Technical Educa- has lately said: "Business men have been galled by the
tion said in regard to these forms of commercial constant proofs exhibited to them of youths seeking
" I regard them as worse than mere employment, ill equipped for their calling, ignorant
education:
stop-gaps, for they have lulled us into security, as on of the elements of commercial life, and lacking the
these worthy but ineffeatual attempts to supply a essentials of utility, so long as they as employers conwant we have relied to the national loss."
fine their intention to the engagement of youths
The time has come to recognize that competition trained in British schools. These same employers
for the business of the world is the work of men and have been equally concerned at learning that it was
not of boys, and that it requires technical training of not possible to find in the labor market a British
the most thorough and advanced kind. This extends youth or if possible then but rarely, and as an exnot only to exact knowledge of methods of business ception proving the rule capable of competing with
—
and the ordinary requirements of other lands, but also
to the thorough understanding of the fundamental
principles of economics, with a wide knowledge of
law, politics, history and technical industries.
The
mercantile community which lacks men having this
equipment is heavily handicapped in competition
with the better prepared merchant of other countries.
" Made in Germany " is the brand coming to be seen
in all parts of the world with amazing frequency.
It
is not due to any sudden waking up of German enterprise or any new facilities put within the reach of
—
Continental youths who have had the advantage of
'practical' education, whose tuition has been guided
by the career they had in prospect, and who to the
commercial man of to-day are valuable. The employment of foreigners has hitherto been compulsory
in English business houses."
To meet this need the London Chamber of Commerce has offered special examinationt , and although
two hundred London firms have undertaken to give
who
possess
certificate, yet less
than a
in any
preference in selecting assistance to lads
the
German merchants, but
Chamber
of
Commerce
primarily to the careful training for doing the business of the world to which the
sons of German merchants have for the last half century been subjected. One of our American consuls
has recently said that "if England and America do
hundred candidates have presented themselves
in all the higher
so-called
The
one year.
slight appreciation of
the real situa-
shows among young men in the business world is confirmed when it is remembered that
there are over one hundred thousand clerks in Lonnot meet Germany more thoroughly and more prac- don, and that the Chamber of Commerce practically
tically in the school, each will in the course of a few guarantees a situation to every one holding its ceryears be compelled to yield to Germany the first place tificate.
The same evil appears there as here. The
and more
tion
manu-
which
this
commercial
secondary
The advantage is by no school or college now coming into vogue blinds the
means due to superior methods of manufacture but eyes of the community to the real situation, and preentirely to superior commercial knowledge.
Eecent vents their seeing the magnitude and value of the
English testimony declares that the foreign workmen prize which is within the reach of those who will
cannot produce a better and cheaper article than his properly fit themselves to win it.
English fellow, but the means taken by English
The three important features of the German syshouses to place that article on the market are of a tem, of one of which we know almost nothing, and of
character greatly inferior to the means employed by the others absolutely nothing, are these:
First,
foreign houses.
Concrete illustrations are given. schools of a high grade devoted to the training of
profitable fields for
education
of
the
facture and commerce."
A foreign
government asked for tenders for portable selected men for
engines of a definite effective horse-power and guar- fitting the sons
anteed coal consumption.
Many English tenders and carry on the
were made, but the work was secured by an Austrian ing to ambitious
'
the higher positions of business life,
of successful merchants to take up
business of their father,
and capable
young men
and openthe widest
March
THE CHRONICLK
3, 1900.]
commercial career.
Second, foreign scholarships,
under which students of the advanced schools are
sent for periods of study to foreign lands, where they
examine their products and commercial requirements
and study the local methods of doing business, making frequent and ample reports at home, and returning at the expiration of their term of service thoroughly equipped to carry on business between the
two countries. Third, societies like that founded in
1858 in Hamburg, with the object of procuring situations for
young men desirous
may have
which they
of
facilities
entering trade, in
for
learning
the
—
usages of international commerce a society which is
reported now to consist of 34,000 members, with 170
branches.
In his
407
fund, making a total of $200,000,000. Under the provisions of
the section quoted above, $50,000,000 notes of this $200,000,000 of money in the reserve fund would have to be turned
into the general fund of the Treasury; otherwise, the
maximum sum of $150,000,000, as defined in this section,
and this $50,000,000, when paid
would be exceeded
into the general fund, would be available for any of the genEven if it were provided
eral purposes of the Government.
;
that the notes so redeemed should not be used to meet deficiencies of revenue, they would be available under appropriation bills applying to " funds in the Treasury not otherwise appropriated " for if this were not the purpose, the
;
notes should certainly be left in the custody of the Bureau
of Issue and Redemption, and not be turned into the
Under the wording of
general fund of the Treasury.
the law, however, it will be quite impossible for them
to remain in the custody of the Bureau of Issue and ReShould at any future time the revenue of
demption.
Expansion of England,^' referring ' to the the country fall short of its requirements, these legal
war between England and France at the beginning of tenders would certainly, in one form or another, be paid out,
the eighteenth century. Professor Seeley says: "Eng- and we would have a repetition of the pernicious endless
''
effects under the last
land and France stood in direct competition for a chain which wrought such disastrous
In fact, the insertion in the law
Administration.
prize of incalculable value.
The prize was the con- Cleveland
in the section above quoted of the words "together with
trol of the markets of the world."
That war wages the redeemed notes held for use as provided in this section'
to-day not between England and France alone, but will, in my judgment, vitiate much of the good effect which
between all the great civilized nations. It is a com- this law is expected to accomplish. The object of the law
times of stress,
mercial war, no less keen, although the fighting men as passed was to prevent a recurrence in
such as are sure to happen at some time in the future, of a
wear no uniform
carry no guns, and the field of
and
condition of affairs similar to that outlined above, namely,
the manufactory and the counting-house. "
the endless chain."
In our supreme confidence in American energy and
I have consulted with some bankers here, and they agree
American brain it does not do for us to forget that, with me in thinking this feature of the law quite serious. I
that
in common with our English congeners, **in com- think that more extended inquiry would show that
few
of
but
the attention
mercial education our methods are antiquated, our opinion is generally held, although
people has so far been called to the exact wording of every
guides are not sympathetic, and we must decline to
portion of the law, as passed. It may now be too late to
follow the latter and modernize the former if we are make any change in the bill as reported to the House and
to remain in the forefront of the commercial world."
Senate. If any change can now be made I certainly think
that no effort should be spared to have it made. If it is too
late, I am firmly of the opinion that a short Act amending the
ENDLESS Currency Bill by striking out the words in question should
FINANCIAL BILL
CHAIN.
be immediately introduced and pushed with vigor.
Yours sincerely,
A letter to Secretary Gage from Mr. Seligman,
Isaac N^ Seligman.
(Signed)
which we give herewith, calls attention to a defect in
the second section of the Conference Committee's
battle
is
AND THE
THB
gold standard, bank currency and refunding bill.
The criticism on its face seems to be correct. It is to
be said, however, that Senator Aldrich, in explaining
RAILROAD GROSS EARNINGS FOR
CALENDAR YEAR,
We
complete to-day our tabulations of the gross
railroads for the late calenthe amendments made by the Conference Committee earnings of United States
We published last week a very comprehento the Senate bill, said that the clause in Section 2 dar year.
all roads which had fur*'that they" (that is the notes taken in exchange for sive statement embracing
In
gross and net earnings.
gold, the proceeds of a bond sale,) "shall not be used nished figures of both
are quite a number of roads which have
to meet deficiencies in the current revenues " was in- addition there
Hence as to the
of gross alone.
serted to provide and did " provide distinctly that the given out returns
make a compilation even more
Secretary of the Treasury should not use the money latter it is possible to
than that of last Saturday. Starting
raised by the sale of bfndsfor the payment of the comprehensive
gross then reported by us, we
current expenses of the Government, the purpose with the figures of
the following the other roads referred
being to destroy any possibility that the so-called end- have added in
less
to.
chain might be established."
Hon. Lyman
Feb. 26, 1900.
J. Oage, Secretary of the Treasury, Washing-
ton, D. C.
GROSS EARNINGS OF UNITED STATES RAILWAYS
JANUARY 1 TO DECEMBER 31.
Eoads.
Dear Mr. Gage.— Section
2 of the
Currency
Bill provides:
1899.
1898.
Increase.
$
$
$
Decrease.
$
(172 r'ds) 1284994191 1162370088 124328583
"That United States notes when redeemed in accordance Prev'sly rep'd
Additions for ro'ds inshall
but
with the provisions of this section shall be reissued,
cluded in above tot187,978
2,227,952
2.391,855
be held in the reserve fund until exchanged for gold as herein
als for only 11 mo a. >
wWoh have since reprovided, and the gold coin and bullion in the reserve fund,
ported for Decemb'r
together with the redeemed notes held for use as provided in Aia.N.Orl.&rex.Paothis section, shall at no time exceed the maximum sum of
246,934
1,447,855
1,691,789
NewOrl. & No. East..
1,704,480
24,075
J
Alabama &Vioksb..
$150,000,000.
fund falls below $100,000,000, the Secretary of the Treasury would sell bonds to replenish the reserve fund provided he does not succeed in
Whenever the gold
in the reserve
,
one of the other ways provided in the law.
Assuming that he sells |50,000,000 bonds, the reserve fund
would then consist of, say, |95,000,000 gold remaining in it,
the $50,000,000 gold produced by the sale of bonds, and the
$55,000,000 notes redeemed through the action of the reserve
replenishing
it
in
Vicksb. Shrev. & Pac,
Chic. Peo. & 8t. Louis.
Chic. St. P. Minn. & Cm.
790,71.'='
697,800
974,525
10,488.814
877,863
Col. Sandusky & Hook.
342,681
Evan3ville& Ind'p.lls..
1,371,726
EvansviUe & T. Haute.
Fla. Cent. & Pen
2,410,788
Great Northern—
21,618,756
St. Paul Minn. AM...
3,194,483
Eastern of Minn
Montana Central
2,039,671
276,905
Gulf Beaum. & Kan. C.
553,658
Ind'a Dec* West.*.!..
687,990
697,161
856,506
9,590,993
827,274
323,895
1,261,451
2,763,585
19,881,345
2,655,120
2,002,034
180,446
498,263
102,725
639
118,019
897,821
50,589
18,786
110,275
3'o2,7S7
1'737,411
539,363
37,637
96,459
55,395
•>
•
.....«-•
..
..
. ..
THE CHRONICLE.
403
Eoads.
1899.
& Gt. North.
Interoceario (Mex.)
Kan. City No. Western
Kan. City & Omaha
Kan. City Sub. Belt*...
Los Angeles Terminal..
Louiev. Evans. & St. L.
Internat'l
Mexican Railway
Mexican Southern
Mo. Pacific & Iron Mt.
Central Branch
Ogdensb. & Lake Cham.
Oregon Short Line...
.
& L. Erie...
Saginaw Toso. & Hur..
8t. L. Chic. & St. P.
Pitts. Bess.
8t.
L
.
Ken.
&
8her. Shrev.
Southern.
&
South...
Texas & Pacific
Western Maryland
Wheeling* Lake Erie..
Wisconsin Central
3,990,201
3,258,650
4.007,543
3,862,000
363.953
233,366
489.859
112,412
1,806.752
4,496.900
747,668
28.023.551
1,255,377
633,619
8,024,635
1,807,917
143.534
365,110
96,542
375.004
8,268.852
Decrease.
Increase.
1898.
335,156
250,910
483,156
90.831
1,566,130
4,156,400
653,497
26,744,823
17.842
603,350
28,797
17,544
6.703
21,581
240,622
340,500
94,171
1,278,728
22.885
71,358
1,278,262
704.977
7,025,694
1,311,531
138.998
344.030
77,166
381.543
8.006.504
1,398,396
1,478,187
4,892,397
l.iiSS.BSS
1,716,685
6,437,449
998,941
496,386
4,536
21,080
19,376
to
November
6,539
262,348
137,539
238,498
515,052
30.
The
increase in gross over the
year preceding reaches no less than 13 If million dollars.
The estimate we made last week therefore of
the twelve months of 140 million dollars on the whole railroad system of the United
an improvement
for
thus shown to have been quite conservative.
The gains for the separate roads have been of very
large dimensions. The Pennsylvania Railroad reports
States
EarniTigs.
Mileage.
January
1
1894
1896
1896
1897
1898
1899
Increa$e
or
to
Decembers}.
In this way we get a total, it will be observed,
covering (including a few Mexican and Canadian
roads) 168,848 miles.
LXX.
nence to the fact that the increase of 13 If million
dollars for 1899 follows 80f million dollars increase in
1898 and 65^ millions increase in 1897. The figures in
each case relate to the roads from which we have been
able to procure returns.
For the whole railroad system of the country the increase in 1899 must have
been, as stated last week, 140 million dollars, succeeding 90 million dollars increase in 1898 and 75 millions
increase in 1897, making an aggregate improvement
for the three years of 305 million dollars.
Total (203 roads)... 1408523883 1276839397 133884164 2.199,678
131684486
Net lncrea8e( 10-31 p.c.)
3,192
Miles of road
168,848
165,656
*For eleven months
[Vol.
Tear
Tear
Tear
Te^r
Given.
Preced'g.
Oiven.
Preceding.
Decrease.
Miles.
Miles.
(251 roads).
(249 roads).
160,952
161.239
159,991
1,085,316,929 1,219.061,931 -133,735,002
1,129,717,384 1,062,788,879
+66,928,606
(245 roads).
168,203
159,812
les.ie*
1.151,684,505 1,164,450,923
4-233,682
(235 roads).
167,392
(229 roads).
168,900
168,810
166,992
(308 roads).
168,888
165.656
+65,680,795
1,315,262,459 1,234,503,430 +80,749,029
1,408,523,883 1,276,839,397 +131,684,486
1,227.881,322 1,162,303,627
COTTON CONSUMPTION AND OVERLAND
MOVEMENT TO MARCH
We
bring
down
1.
to-day to the close of February our
usual monthly statements of overland movement, port
and the
receipts, etc.,
figures consequently cover the
is
an addition of over 13 million dollars, and this merely
on the lines directly operated. The Reading, with its
coal and iron company, comes next, with $8,786,065
gain, the Southern Pacific has 16,438,887 gain, the
New Yoik Central $4,771,536, the Lehigh Valley
$4,500,780, the Milwaukee & St. Paul $4,476,901, the
Chicago & North Western $4,309,781, the Erie $3,994,399, &c., &c.
The
following
is
a full
list of all
EARNINGS IN 12 MONTHS.
Increases,
Pennsylvaniat
$13,016,000 Fitchburg
$585,889
Phil.&Read.andC.&I. 8,78fi,065 Duluth So. 8h. & Atl.
585,630
Southern Pacific
6.438,887 WestN. Y. (fePenu....
580,081
N.Y. Central
4.771,536 Northern Central
569,400
Leh.V.RRandL.V.C.& 4,500,780 Minn. & St. Louis
562,685
Chic. Mil. & 8^ Paul..
4,476,901 Chic. Indplis & Louisv.
545.373
Chic. & North Western 4,309,781 Wisconsin Central
545.052
Erie
3,994,399 Chicago & East Ills. ..
534,965
N.Y. N. fl. & Hartford 3,710,746 N.Y. Chic. «& St. L....
528.564
Louisville
& Nashville
Canadian Paci tic
Atch. Top. & Santa Fe
Southern Railway
Northern Pacific
Lake Shore & Mich. So.
Illinois Central
Chic. Burl. & Quincy.
Central of New Jersey
Qt. Northern System.
Union Pacific
Mexican Central
Grand Trunk
Baltimore
&
Ohio
Wabash
Boston & Maine
Norfolk & Western.
. .
& Hud. Co..
Mich. Cent. & Can. So.
Mo. Pacific & Iron Mt.
Delaware
Chic. R.
I.
&
Pacific.
Mexican Internat'l....
Duluth & Iron Range.
Mobile & Ohio
N. Y. Ont. & Western.
Oregon Short Line
Denver & Rio Grande
Clev.CiD.Chio.&St.L.
Clue. St. P. Minn. & O.
Hocking Valley
Phil. Wilining.
& Bait.
Chicago Great West..
Weston & Albany
GROSS
3.192,469 Allegheny Valley
513,599
4P6,3d8
3,091,062 Pitts. Bess. & L. Erie.
454.540
3.078,095 Kan. C. Ft. So. & Mem.
2.772,882 Lake Erie & Western..
432,585
i,7^9,696 W. Jersey & Seashore.
432,100
2,860,264 Mlnn.St. P.&S.Ste.M.
406,263
2,46.=i,625 Mo. Kansas & Texas..
353,946
2,424,964 Ala. N. O. & T. P. Sys.
350,298
2.403,^28 Burl. Ced. Rap. & Nor.
347,472
2,314.411 Mexican Rail wa y
340.500
2,116,126 Yazoo <fe Miss. Valley.
318,406
2.013,099 Chio.& West Mich. .
287,060
1,917,357 N. Y. Susque. &, West.
278,960
1.906.086 Bangor & Aroostook.
276.226
1,847.358 lowaCentral
263,656
1,819,829 Buflf. Roch.&Pittsb'rg
262,830
1,418,553 Texas & Pacific
262,318
1,359,362 Flint & Pere Marq. .
258,365
1,356,000 Chicago June. R'ways
245,597
1,255,843 Alabama Gt. Southern
242,171
240,622
1,174,175 Louisv.Ev. & St. L....
1,148,485 Wheeling &L. Erie...;
238,498
234.147
1,091,304 Ohio River.
Colorado
Midland
1,047,145
228,983
225,3r>l
1,001,233 St. Paul & Duluth....
Elgin
Joliet
998,941
& East'n.
224.315
974,386 Chic. & Grand Tr. ...
213.454
930,321 Nash. Chat. & St. Louis
203,482
897.821
Total
(represent880,591
ing 101 roads).. $127,789,497
870,800
822,840
720.45
Decrease.
697.461 Del. Lack. & Western.
$843,222
653.530 Fla. Central & Penin..
352,797
619,945
luteroceanic
Total (representing
603.350
Rio Grande Western.
598.789
2roads)
$1,196,019
t Covers lines directly operated east and wt Bt of Pittsburg
the
gross on Eastern lines IncreaHod $7,319,200 and on Western lines
b For 12 months to Nov. 30.
$5,696,800.
Mexican National
St. Louis & San Fran.
Chesapeake & Ohio...
;
One other
half
[of
The marketing
scale during the month
the cotton- crop season.
been on a
of cotton has
liberal
and consequently of much greater volume than in
February of last year, when the movement was much
There has
restricted by adverse weather conditions.
come into sight during the month 800,987 bales,
against 495,574 bales in February of 1899 and 868,483
bales in 1898.
The aggregate amount
of the crop of
18991900 now visible is 7,562,132 bales. Spinners'
takings have been larger during the moLth than in
Feb.uary of either 1899 or 1898.
changes down to 1200,000.
PRINCIPAL CHANGES IN
first
table seems desirable to complete our re-
OVERLAND MOVEMENT TO MARCH 1.
The gross movement overland in February has been
181,683 bales, which compares with 170,907 bales last
The
year and 191,316 bales in 1898.
decrease from a
year ago in the total for the season to date
now
reaches 105,493 bales, and contrasted with 1897-98
the increase
is
57,796 bales.
The
net for the
month
has reached 124,350 bales, or a gain over 1899 of 17,-
337 bales, the total then being 107,013 bales. In 1898
the net reached 124,403 bales. The aggregate for the
six
months records an increase over
last year of 17,-
475 bales.
OVEKLAND FBOM
SEPT.
]L
TO FEB. 28.
'99-1900
1898-99. 1897-98.
A nount shipped—
Via St. Louis
Via Cairo
,
VlaPaducah
Via Rock Island.....
Via Louisville
Via Cincinnati...., .....................
Via other routes
Shipped to mlll8, not Included abovt
690,453
189,720
9,533
11,827
187,060
115,988
222,360
10,426
766.170
335,967
15,745
41,400
145,949
119,745
107,741
10,143
702,051
293,981
24,630
41,200
94,943
103,007
110,980
8,779
1,437,367 1,542,860 1,379,571
Totial groBB overland
Diduct shipments—
210,346 399,376 356.6S9
Overland to New York, Boston, «feo...
20,693
27.214
69,984
Between interior towns.
2,640
3,342
8,977
Galveston, inland and local mills
9,413
13,45;
24,113
New Orleans, inland and local mills.,
4,649
20.266
16,522
ftf oblle. Inland and local mills
313
1,147
Savannah, inland and local mills
2,047
5,729
477
Charleston, inland and local mills
927
1,615
1,099
fir. Carol'a ports, inland and local mills.
8,508
10,514
14,343
Virginia ports, inland and local mlUs.
35'2,776
475,744 405,784
Tnti^lto be dednoted
......
In the following we compare the grand totals
973,787
l,084,f>91 1,067.116
T^eavlTlO' total n«t rtf«»rl»nrt*
of the earnings for 1899, as shown in the table first
• This total Includes
shipments to Canada by rail, which since
above, with the grand totals of the five years precedSeptember 1, 1899, amounted to 91,213 bales. In 1898-99 were
ing, made up in the same way.
This gives promi- 85,107 bales, and in 1397-93 were 94,329 bales.
view.
:
March
3,
!
THE CHKONICLK
1900.]
409
corresponding period of 1898-99 of 171,948 bales and
RECEIPTS, EXPORTS AND SPINNERS' TAKINGS.
over the same time of 1897-98 of 157,192
The net receipts at the ports for the month likewise a gain
bales.
show a considerable augmentation, reaching a total of
AMOUNT OF CROP NOW IN SIGHT.
last
769,637 bales against 435,561 bales in February
In the foregoing we have the number of bales which
year and 737,080 bales in 1898. The aggregate for
this year and the two
the six months is, however, much less than that of has already been marketed
The exports to foreign previous seasons. An additional fact of interest is the
either last year or of 1897-98.
was in sight on March 1
ports have been quite liberal, but have nevertheless total of the crop which
the lack of freight room due to the compared with previous years. We reach that point
been restricted by
by adding to the above the stock remaining at that
date at the interior towns less stock held by them at
In this manner we find
this year have been 718,795 bales against 608,490 bales the beginning of the season.
March 1 to be as follows:
in 1899 and 708,798 bales in 1898. For the season to the result for three years on
impressing into service by Great Britain of so many
The shipments for the month
vessels as transports.
date the total exports are 1,837,030 bales less than in
1898-99 and exhibit a decrease of 1,363,943 bales from
1897-98.
Movement from
^vt. 1. 1SH», ti
Feb. 28. 1900.
1899.
Orleans.
.
France.
Britain*
1898.
Continent.
1,497,212 1.778,40;
459,401
175,693
374,744
167,232
91,002
30,218
16,842
435.083 1,070.177
111,696
20,693
101,636
46,576
9J3,402
978.21)
140,7(J2
34,818
840,481
259.369
15,625
226,625
39,785
44.691
516,091
66,410
143,272
90,79£
96.628
141,222
32.812
83,774
230,279
241.053
14,783
3,736
1,494
23,754
103,905
61.631
209,490
69,406
94,663
46,294
7,516
129,608
87,000
112,926
3,547
116,601
l,910,3(J:t
171.38C
22S,868
118,920
Barannah
Branswlok, *o
Ok«rle«ton
Port Royal,4o
Wilmington....
WaBhlngt'n,4«
Morfolk
SVewp'tNewB.&o
N«w York
SOttOM
Oaltlmore
Philadelphia, Ac
'&U1 Fran'80O,&c
1.214
344,191
23.18f
218,495
286,374
771
1,306
337.46f
562,388
20,018
23,801
22.70!
6.998
33.150
68,639
78,6P4
79,567
256 461
66,866
28,802
2,517
18,868
4,181
70,636
28.684
35,e3t
26,018
2,539
1,230
3,678
8,482
11,363
9,440,204
This indicates that the movement up to March
of the present year is 1,758,916 bales less than in
1898-99 and 1,878,072 bales less than in 1897-98.
As it will interest the reader to see what has
come
the season during this and
month of
previous years, we have prepared the following, which
shows the movement for the last four seasons.
into sight each
4,049,734
980,139
637,213 2,237,024 6,876,764
811,674
Total 1897-88..
7,425.41'. 2,533,662
675,970 2,204,065 5,413,677 1,278,012
580,330
Great Britain exports Include to the ChanDel.
Using the facts disclosed by the foregoing
September
October ..
Noveojber
..
...
December
January......
February
Total 6 months.
Balance season..
7,225,932 3,002,527
1,559,016
Months.
1899-1900.
1898-99.
1,129,766
1,723,987
1.621,641
1,359,518
926,233
800,987
2,298,606
2,353,009
2,089,594
1,101,499
7,562.132
state-
ments, we shall find that the portion of the crop
which has reached a market through the outports
and overland, and the Southern consumption since
September 1 this year and the two previous years, is
1,222,287
1,891,562
1,634,210
1,549,705
680,513
495,574
1,069,800
1.871.654
2,3S7,112
1,950,210
1,342,945
868,483
9,321,048
1,914,335
9,440,204
1,740,756
7,443.007
1,271,004
n.235.a»3
11.1Hf>,9fi0
8,714.011
982,766
Total crop
furnish a more exact measure of the receipts up
to Feb. 28 we give below our usual table of the weight
of bales.
We give for comparison the figures for the
To
same time in the two previous years.
Sa,me
Six Months Eliding Feb. 28, 1900.
'99-1900 1S98-99. 1897-98.
Beoeipts at the ports to March 1.. bales 5,471,541 7,225,932 7,425,417
Ifet shlpmentsoverland daring same time 1,084,591 1,067,116 973,787
Texas
Loolslana
bales 6,556,132 8,293,048 8,399,204
Total receipts
Total to
March
The amount
in 1899-1900
is
1
672,000
580,000
..hales, 7.307.1 32ta,965.048
8,979,204
751,000
Alabama
Gteorgla*
South Carolina
1
Virginia
(forth Carolina
thus seen to be 1,057,916 bales less than
Tennessee, &o.
of cotton
464,730
"WEIGHT OF BALES.
as follows
BOQthem consumption since September
iemberl1
1896-97.
1897-98.
7,762
Total 1898-99..
•
9,321,048
461,000
V
3b.021
99-1800.. 5.471,541
7,562,132
1
69 28E
Mobile
Pensacola, &o
bales.
2otai.
162.632
66.666
8,965,048
356,000
8,979,204
255,000
Total in Bight
406,767 1,237,031
47.474
89,125
1897-98.
7,307,132
Stoekt
Feb. 28.
326,609
1898-99.
total marketed, as above. . ..bales.
Interior stocks In excess of Sept. 1.
1899 TO—
eC3,566
8,840
Texas City,&c
ToUl
Great
1,655*419 e.l05,'-3'
aalrestoQ
New
aiPORTEn 8IN0K 8KPT.1,
Receipt? Receipt.'
since
»inc«
Sept. 1 Sept. 1,
1899-1900
marketed since September
Number of
Weight in
Balet.
Pounds.
1,621,114
1,497.212
171,380
1,133,117
841.568.911
763,608,064
86,032,760
556.133,824
111.185,432
173.368,421
124,356,315
1,022,968,500
227.839
361,267
249.266
2,045,937
Same
peri'd ir, oeri'd in
1898-9. 1897-8.
Average Ave.ragt Average
Weight.
Weight. Weight
519 13
53305
530 86
51002
50200
522-51
509-91
511-00
495-09
490-63
490-80
488-00
479*89
49889
5C000
52200
502-95
49516
488-38
495-54
500-00
49032
500-87
500-00
507 35
'"oral
7.307,132 3,679,222,227 503-51 51352
and 1,672,072 bales less than in 1897-98.
(noiuding P'orlda.
To determine the portion which has gone into the
It will be noticed that the movement up to March
hands of Northern spinners during the same period
1 shows a decrease in the average weight as comwe have prepared the following
period of last year, the average
7,307,132 pared with the same
Total receipts to Feb. 28, 1900, as above stated
bales.
in 1898-99
:
on hand commencement of year
At Northern ports
At Southern ports
At Northern interior markets
(Stock
(Sept. 1
18991—
221,296- 392,280
8,055- 400,335
Total supply to Feb. 28, 1900
Of this supply there has been exported
to foreign ports since Sept.
Less foreign cotton iacluded
1,
7,707,467
1899. 4,049.734
70,038 - 3,979,696
91,213
14,872
being 503-51 lbs. per bale, against 513-53
per bale for the same time in 1898-9 and 507-35
this year
170,984
lbs.
lbs. in 1897-8.
COTTON GOODS TRADE DURING FEBRUARY.
The volume
of busiuess transacted in cotton goods
during February at first hands has been moderate.
Stock conditions have throughout been against free
buying for quick deliveries in nearly every description, and as the month progressed sellers have grown
At Southern ports
794,401980,139
At Northern interior markets.........
13,119 5,079,039 more reserved in accepting orders for future deliveries.
Total takings by spinners since Sept. 1, 1899
2,628,428 The marked advance in cotton has been a powerful
Taken by Southern spinners
751,000
All staple cottons
influence in the latter connection.
Taken by Northern spinners since Sept 1,1899
1,877,428
The advances have been
Taken byNorthern spinners same time In 1898 99
1,705,480 are higher on the month.
conIncrease in takings by Northern spinners this year..bales.
171,948 moderate in brown goods and in bleached, but
The above indicates that Northern spinners had up siderable in coarse colored cottons. Sheetings and
i;o Mar. 1 taken
1,877,428 bales, an increase over the drills may be qioted ^c. to ic. up, bleached cottona
.
^nt to Canada direct
. .
bales.
from West
BumtNorth and South
Stock on hand end of month (Feb. 28, 1900)—
At Northern ports
185,733
THE CHRONICLE.
410
occasionally |c. up, and denims, plaids, ticks and other
Prints
coarse , colored goods ^c. to |c. per yard up.
have moved but little in price. Staple ginghams are
ic. higher
and
fine
grade ginghams ^c. to
Ic. higher.
Print cloths have advanced ^c. in regulars and narrowodds and ic in wide odds. The jobbing trade here
and elsewhere has been active. The tone of the gen-
market
eral
at the close
strong.
is
1899
1900.
FHnt- Sheet- ian- S7A'n Oott'n Print- Sheet- Lan- 8'th'n
mo ings, caster •6-yct
loie
%ng
ings, caster 3-yd.
mid- cloths, stand- ging- sheet- midstand- ging- ghetto
dling. 64a;64 ard. hams. ings. dling. 64x64 ard. hams ingt.
~558~
7ii,« 314
4
1..
5
513
4 58
6
515i6 27i6
5i&,« 2i«
4
2.
713,,
453
5
314
569
6
51a
4
3..
212
459
5
3^4
6
518
7'fl
5M,
57ft
4
4..
5
212
468
5^8
...S...
5"5^
..*.
5.
.8...
314
5>«
7\
6
4
6.
212
458
5
314
8
f.58
6
6
5^
4
7.
818
458
5
314
513
588
6
6
2»fl
8..
458
4
314
5
2ifl
5ifl
558
6
6
S^ie
8l8
413
9.
5
314
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[Vol.
LXX
announced in its Russian correspondence, under date of
January 1, the taking of $10,000,000 of these bonds.
The New York Security & Trust Co. has, it may be noted,
been made the fiscal agent of the Russian Government in
first
this country.
—An
institution
known
as
The
Securities
Company, hav-
ing assets of nearly $9,000,000, has been organized under the
presidency of Charles M. Preston, late Superintendent of
Banks of the State of New York. The company will not receive deposits, but it will issue and sell 4 per cent consols,
secured by specific collateral, placed in escrow with trust
companies, and secured also by a general lien on the free asThe capital is $2,000,000. The princisets of the company.
pal object of the organization is to conserve and liquidate, to
the best advantage, the assets of the acquired Equitable Securities Co., to organize and reorganize corporations, to form
or join underwriting syndicates, to hold property for investment, and to engage in any business enterprise of a con-
which has intrinsic merits. The officers
are, as above stated: Charles M, Preston., President; Charles
M. Jesup, Vice-President; Andrew J. Miller, Secretary and
Treasurer, and Edwin G. Woodling, Assistant Secretary and
Treasurer. Among the directors are George CopptU, of
Maitland, Coppell & Co.; John D. Dennis, of Blair & Co.;
John W. Farquhar, of the Manhattan Trust Co.; Benjamin
Graham, of Cuyler, Morgan & Co. Charles M. Je&up, late
servative character
;
Vice-President Metropolitan Trust Co.; W. O. Jones, of the
Chase National Bank, and Senator John Kean, of New JerThe company has branches in London, Kansas City,
sey.
Mo.; Atlanta, Ga.; Little Rock, Ark.; Vicksburg, Miss.,
and Dallas, Texas.
—The accounts of the Deutsche
1899
show an
increase in the
Bank, Berlin, for the year
volume of business transacted
as well as in the profits distributed to the shareholders.
at New
York; lor printing olotlis, manufacturers' net prices; lor sheetings and'
ginghams, agents' prices, which are subject to aa average discount of 6
per cent, except when otherwise stated: Southern sheetings net.
^p* The aDove pnoes are— For cotton, low middling uplands
ITEMS ABOUT BANKS. BANKERS AND TRUST CO'8
—The sales of bank stocks this week aggregate 849
shares,
of which 38 shares were sold at the Stock Exchange and the
balance at auction.
block of 649 shares of Phenix National Bank stock, par value of which is $20 per share, represented the bulk of the dealings. The sales of trust company
stocks amount to only 53 shares, all sold at auction. 10
shares of the State Trust Co. were sold at 4003^, an advance
of 50 points since the last previous sale, in January.
A
Shares.
Bunks—New
YorU.
Price.
55 Broadway Bank. National.
7 Commerce, Nat. Bank of
40 Continental National Bank
*23 Corn Exchange Bank
50 Market & Fult6n Nat. Bank
10 Park Bank, National
649 Phenix National Bank
243
280
145%
351
225
400
104i8
Y .Bank of the
128
Trust Companies-i^ew York.
5 Bankers' Trust Co
193
20 Farmers' Loan & Trust Co
1405
10 North American Trust Co
152
10 Htate Trust Co
400ia
3 Union Trust Co
141 Oia
Trust Companies—-Broo/fciyw.
5 Williamsburg Trust Co
200
-15 State of N.
Last previous
Jan.
Jan.
Feb.
Feb.
Feb.
Feb.
Jan.
Feb.
19c0—
1900—
1900—
1900—
1900—
1900—
1900—
1900—
sate.
240
2fi6
13518
357i£
227
4 25
IO7I9
13038
Dec. 1899— 21479
Feb. IV 00— 14371a
Feb. 1900— 152
Jar. 1900- 350
Feb. 190C— 1425
The
net profits for the year amounted to $4,838,000 on a general
turnover of $12,088,000,000. The dividends on the $35,715,000
of paid-up capital stock have been at the rate of 11 per cent
per annum, compared with 10)^ per cent for the previous
The reserve fund has also been increased and now
amounts to $11,428,000. The shares of the Deutsche Bank
year.
are quoted at 214 per cent.
—The Audit Company of
New York
have removed their
offices to the Queen Building, corner Cedar and William
sts., where they occupy the entire fifth floor. The new offices
are very commodious, and elegant in the highest degree. The
directors' room we should say must be among the handsomest in the city. Under the wise and efficient management of Mr. Thomas L. Greene the Audit Company is having a very prosperous career. The company, it will be remembered, examines and reports on the accounts and financial condition of corporations, co-partnerships and individuals, and also upon the physical condition of railroad, manufacturing and other properties. Mr. Edward T. Perine is
the Secretary of the company.
— An institution known
Money Order Association has been organized in this city, with W. N. Coler,
Feb. 1900— 190
Jr., President, and Edwin Goodall, Secretary.
The object is
•Sales at the Stock Exchange.
to issue money orders for such banks as it may make arThe City National Bank of Kansas City, Mo., which was rangements with for this business, to guarantee the payment
incorporated February 2 with a capital of $250,000, has taken of money orders issued by such banks, and to conduct all the
over the business of the Mechanics Bank, capital $50,000. clerical work connected with the issue and collection of
The officers of the new bank are as follows: R. M. Snyder, such orders.
—The Union Trust Company has changed its clearing
President; Jas. G. Strean, Vice-President, and Geo. P. Snyagency from the National Bank of Commerce to the Hander, Cashier.
as the Bankers'
—
—In
week's Chronicle reference was made to the
purchase by the New York Life Insurance Co. of a block of
$10,000,000 4 per cent gold bonds of the Wladikawkas &
Southeastern Railroad, of Russia, which bonds are guaranteed by the Russian Government.
It now appears that a
syndicate comprising the New York Security & Trust Co.
and the National City Bank has negotiated for the placing
in this country of $15,000,000 more of these bonds, the intermediaries in the negotiation being W. C. Van Antwerp, of
last
&
Van Antwerp, of this city, and N. de Routkowsky, financial agent of the Russian Government at Washington. The proceeds of the above-noted bonds, as well as of
those purchased by the N. Y. Life Insurance Company, will
Seligman
be left in the United States to pay for Russian purchases of
railway material and equipment. It will be remembered, as
was
stated in this
column
last
week, that the Chronicle
over National Bank.
Mr. Joshua W. Davis, a
—
Exchange since
member
of the
New York
Stock
and until recently one of the Board of
Governors, died on Tuesday. He was the head of the stock
1868,
brokerage firm of J. W. Davis & Co., his son, J. Edward
Davis, being the partner. During his business career Mr.
Davis was the broker for some of the most prominent
operators on the Exchange, including William R. Travers,
Addison
—A
Cammack and
" seat " on the
Tuesday for
the Vanderbilts.
New York
Stock Exchange was sold on
$40,000, the highest price yet recorded.
—The announcement
is
made
that the First National
Bank
and surplus and undivided profits of
$461,058, and the Oneida County Bank, a State institution,
with a capital of $125,000 and surplus and undivided profits
of $249,762, have been consolidated, and that the business will
of Utica, capital $600,000
March
THE CHRONICLE.
3, 1900.]
be conducted by the first-named bank. It is proposed to increase the stock of the First National Bank in an amount
that will give it a capital and surplus of about $1,500,000.
Charles A. Rogers, now President of the First National Bank,
will remain its President; Charles A. Butler, President of
the Oneida County Bank, will become Vice-President of the
consolidated institution, and William S. Doolittle and J. E.
Waterbury, who were directors of the Oneida County, will
be added to the board of directors of the First National. F.
A. Bosworth, who was Cashier of the Oneida County, will
occupy the position of Assistant Cashier in the First National.
The capital of the consolidated bank will, when it shall be
increased, be larger than any institution in the State outThe First National Bank was
side of the city of New York.
originally the Bank of Utica, which was founded in 1812,
It was re-chartered under the
with a capital of $600,000.
Safety Fund Act and, soon after the National Banking Act
was passed, it was organized under that system.
The Oneida County Bank was organized in 1853. The
articles of association provided that each member of the
first board of directors who, at the time the business of the
bank began, held 100 shares of stock of the institution should
continue to be a director so long as he held 100 shares, without any election or appointment. The first President of the
bank was Ira B. Carey. He was succeeded in 1854 by Charles
H. Doolittle. In 1874 Francis Kernan, formerly United
States Senator, was elected President; in 1887 he was succeeded by J. Milton Butler, and on his death last year
Charles A. Butler was made President.
—
Negotiations are in progress for the taking over by the
North American Trust Co. of the business of the Interna
tional Banking & Trust Company, which in turn contemplates the absorption of the Century Trust Co.
THE CURRENCY AND GOLD STANDARD
BILL.
The following is the official text of the gold standard and
currency bill agreed to by the Conference Committee of the
two Houses of Congress on Friday, February 23.
An Act to Define and
Fix the Standard of Value, to Maintain
THE Parity of all Forms of Money Issued or Coined by the
United States, to Refund the Public Debt, and for other
Purposes.
gold the standard.
Section l. That the dollar consisting of twenty-flve and eighttenths grains of gold, nine-tenths fine, as established by Seotion 3,511
of the Revised Statutes of the United States, shall be the standard
unit of value, and all forms of money issued or coined by the United
States shall be maintained at a parity of value with this standard, and
It shall be the duty of the Secretary of the Treasury to maintain such
parity.
$150,000,000 RESERVE.
Sec. 2. That United States notes and Treasury notes Issued under
the Act of July 14, 1890, when presented to the Treasury for redemption, shall be redeemed in gold coin of the standard fixed in the first
section of this Act, and in order to secure the prompt and certain redemption of such notes as herein provided it shall be the duty of the
Secretary of the Treasury to set apart in the Treasury a reserve
fund of $150,000,000 in gold coin and bullion, which fund shall be
used for such redemption purposes only, and whenever and as often
as any of said notes shall be redeemed from said fund it shall be the
duty of the Secretary of the Treasury to use said notes so redeemed to
restore and maintain such reserve fund in the manner following,
to wit:
First— By exchanging the notes so redeemed for any gold coin in the
general fund of the Treasury.
Second—By accepting deposits of gold coin at the Treasury or at
any Sub-Treasury in exchange for the United States notes so redeemed.
Third— By procuring gold coin by the use of said notes, In accordance with the provisions of Section 3,700 of the Revised Statutes of
the United States.
If the Secretary of the Treasury is unable to restore and maintain
the gold coin in the reserve fund by the foregoing methods and the
amount of such gold coin and bullion in said fund shall at any time
fall below $100,000,000, then it shall be his duty to restore the same
to the maximum sum of $150,000,000 by borrowing money on the
credit of the United States, and for the debt thus incurred to Issue and
sell coupon or registered bonds of the United States, in such form as he
may prescribe, in denominations of $50 or any multiple thereof, bearing interest at the rate of not exceeding 3 per centum per annum,
payable quarterly, such bonds to be payable at the pleasure of the
United States after one year from the date of their issue, and to be payable, principal and Interest, in gold coin of the present standard
value, and to be exempt from the payment of all taxes or duties of the
United States, as well as from taxation in any form by or under State,
municipal or local authority.
And the gold coin received from the sale of said bonds shall first be
covered into the general fund of the Treasury and then exchanged in
the manner hereinbefore provided, for an equal amount of the notes
redeemed and held for exchange, and the Secretary of the Treasury
may in his discretion use said notes in exchange for gold, or to purchase or redeem any bonds of the United States or for any other lawful purpose the public interests may require, except that they shall
not be used to meet deficiencies in the current revenues.
That United States notes when redeemed in accordance with the
provisions of this section shall be re-issued, but shall be held in the
reserve fund until exchanged for gold as herein provided, and the gold
coin and bullion in the reserve fund, together with the redeemed notes
held for use as provided in this section, shall at no time exceed the
maximum sum of $150,000,000.
LEGAL-TENDER QUALITY OF SILVER DOLLAR.
Skc. 3. That nothing contained In this Act shall be construed to
•flfect the legal-tender quality as now provided by law of the sliver
dollar, or of any other money coined or issued by the United States.
411
NEW TREASURY
DIVISIONS.
Sec. 4. That there be established in the Treasury Department, as a
part of the office of the Treasurer of the United States, divisions to be
designated and known as the Division of Issue and the Division of Redemption, to which shall be assigned respectively, under such regulations as the Secretary of tlie Treasury may approve, all records and
accounts relating to the issue and redemption of United States notes,
gold certificates, silver certificates and currency certificates.
There shall be transferred from the accounts of the general fund of
the Treasury of the United States, and talien up on the books of said
divisions, respectively, accounts relating to the reserve fund for the
redemption of United States notes and Treasury notes, the gold coin
held against outstanding gold certificates, the United States notes
held against outstanding currency certificates, and the sliver dollars
held against outstanding silver certificates, and each of the funds represented by these accounts shall be used for the redemption of the
notes and certificates for which they are respectively pledged, and
shall be used for no other purpose, the same being held as trust funds.
TREASURY NOTES TO BR REPLACED BY SILVER CERTIFICATES.
Sec 6. That it shall be the duty of the Secretary of the Treasury,
as fast as standard silver dollars are coined under the provisions of
the Acts of July 14, 1890, and June Vi, I'i'AQ, from bullion purchased
under the Act of July 14, 1890, to retire and cancel an equal amount
of Treasury notes whenever received into the Treasury, either by exchange. In accordance with the provisions of this Act, or in the ordinary course of business, and upon the cancellation of Treasury notes
silver certificates shall be issued against the silver dollars so coined.
GOLD CEKTIFICATE8— WHEN TO BE ISSUED AND WHEN SUSPENDED.
Sec. 6. That the Secretary of the Treasury is hereby authorized and
directed to receive deposits of gold coin with the Treasurer or any Assistant Treasurer of the United States in sums of not less than $20,
and to issue gold certificates therefor In denominations of not less
than $20, and the coin so deposited shall be retained in the Treasury
and held for the payment of such certificates on demand, and used for
no other purpose. Such certificates shall be receivable for customs,
taxes and all public dues, and when so received may be re-issued, and
when held by any national banking association may be counted as
a part of its lawful reserve.
Provided, that whenever and so long as the gold coin held in the reserve fund In the Treasury for the redemption of United States notes
and Treasury notes shall fall and ramain below $100,000,000, the
authority to Issue certificates as herein provided shall be suspended;
and provided, further, that whenever and so long as the aggregate
amount of United States notes and silver certificates in the general
fund of the Treasury shall exceed $60,000,000 the Secretary of the
Treasury may, in his discretion, suspend the issue of the certificates
herein provided for.
And provided, further, that of the amount of such outstanding certificates one-fourth at least shall be in denominations of $50 or less.
And provided, lurther, that the Secretary of the Treasury may in
his discretion issue such certificates in denominations of $10,000, payable to order.
And section 5,193 of the Revised Statutes oiE the
United States la hereby repealed.
DENOMINATIONS OF SILVER CERTIFICATES.]
That hereafter silver certificates shall be issued only of denominations of $10 and under, except that not exceeding in the aggregate 10 per centum of the total volume of said certificates, in the discretion of the Secretary of the Treasury, may be issued in denominations of $20, $50 and $100 and silver certificates of higher denomination than $10, except as herein p|rovided, shaU, whenever received at
the Treasury or redeemed, be reiired and canceled, and certificates of
denominations of $10 or less shall be substituted therefor, and after
such substitution, In whole or in part, a like volume of United States
notes of less denomination than $10 shall from time to time be retired
and canceled, and notes of denominations of $10 and upward shall be
reissued in substitution therefor, with like qualities and restrictions
as those retired and canceled.
Sec,
7.
;
SILVER BULLION
MAY BB COINED
INTO SUBS1DLA.RY SILVER.
Sec. 8. That the Secretary of the Treasury is hereby authorized to
use at his discretion any silver bullion in the Treasury of the United
States purchased under the Act of July 14, 1> 90, for coinage into such
denominations of subsidiary silver coin as may be necessary to meet
the public requirements for such coin.
Provided, that the amount of subsidiary silver coin outstanding
shall not any time exceed in the aggregate $100,000,000.
Whenever any silver bullion purchased under the Act of July 14,
1890, shall be used in the coinage of subsidiary silver coin, an amount
of Treasury notes issued under said Act equal to the cost of the bullion
contained in such coin shall t)6 canceled and not reissued.
WORN SUBSIDIARY SILVER TO BE
RE-COINED.
Sec. 9. That the Secretary of the Treasury is hereby authorized and
directed to cause all worn and uu current subsidiary silver coin of the
United States now in the Treasury and hereafter received to be recoined and to reimburse the Treasurer of the United States for the
diflference between the nominal or face value of such coin and the
amount the same will produce in new coin from any moneys in the
Treasury not otherwise appropriated.
BANKS WITH SMALL CAPITAL.
Sec. 10.
amended
That Section 5,138 of the Revised Statutes
so as to read as follows
is
hereby
:
Sec. 5,1-38. No association shall be organized with a less capital than $100,000
except that banks with a capital of rot less tlian ffiO.oOu may, with the ap
proval of the Secretary of the Treasury, be organized in any place the population of which does not exceed 6,000 inhabitants, and except that banks with a
capital of not less than ^25,000, may, with the sanction of the Secretary of the
Treasury, be organized in any place the population of which do is not exceed
3,000 inhabitants. No association sha'l be organized in a city the population
of which exceeds 50,000 persons with a capital ot less than f iOO.OOO.
REFUNDING OF BONDS.
Sec. 11. That the Secretary of the Treasury is hereby authorized to
receive at the Treasury any of the outstanding bonds of the United
States bearing Interest at 5 pnr centum per annum, payable Feb. 1,
1904, and any bonds of the United States bearing interest at 4 per
centum per annum, payable July 1, 1907, and any bonds of
the United States bearing interest at 3 per centum per annum,
payable Aug. 1, 1908, and to issue in exchange therefor an
equal amount of coupon or registered bonds of the United States
in such form as he may prescribe, in denominations of $50 or
any multiple thereof, bearing interest at the rate of 2 per centum per
annum, payable quarterly, such bonds to be payable at the pleasure
of the United States after thirty years from the date of their issue,
and said bonds to be payable, principal and interest, in gold coin of
the present standard value, and to be exempt from the payment of
all taxes or duties of the United States, as well as from taxation in
any form by or under State, municipal or local authority.
To BE EXCHANGED ON A 2>4 PER CENT BASIS.
Provided, that such outstanding bonds may be received In exchange
a valuation not greater than their present worth to yield an income
2^4 per centum per annum; and in consideration of the reduction
interest effected the Secretary of the Treasury is authorized to pay
the holders of the outstanding bonds surrendered for exchange.
at
of
of
to
THE CHRONICLE.
412
out of any money in the Treasury not otherwise appropriated, a sum
not greater than the difference between their present worth, computed as aforesaid, and their par value, and the payments to be made
hereunder shall be held to be paymeats on account of the sinking
fund created by Section 3,694 of the Revised Statues.
HIGHEST NUMBERS OF NBW BONDS TO BE FIRST CALLED.
And provided, further, that the two per centum bonds to be issued
unaer the provisions of this Act shall be Issued at not less than par,
and they shall be numbered consecutively in the order of their issue,
and when payment is made the last numbers Issued shall be first paid,
and this order shall be followed until all the bonds are paid and
whenever any of the outstanding bonds are called for payment,
interest thereon shall cease three months after such call; and there is
hereby appropriated out of any money In the Treasury not otherwise
appropriated, to effect the exchanges of bonds provided for in this
Act, a sum not exceeding one-fllteenth of one per centum of the face
value of said bonds, to pay the expense of preparing and issuing the
eame and other expenses incident thereto.
NATIONAL BANK CIRCULATION DP TO PAR OF BONDS.
Sec. 12.— That upon the deposit with the Treasurer of the United
States, by any national banking association, of any bonds of the
United States In the manner provided by existing law, such associations shall be entitled to receive from the Controller of the Currency
circulating notes in blank, registered and countersigned as provided
by law, equal in amount to the par value of the bonds so deposited;
and any national banking association now having bonds on deposit
for the security ot circulating notes, and upon which an amount of
circulating notes has been issued less than the par value of the bonds,
shall be entitled, upon due application to the Comptroller ot the Curreno.v, to receive additional circulating notes in blank to an amount
which will increase the circulating notes held by such association to
the par value of the bonds deposited, such additional notes to be held
Another
[Vol.
LXX.
our usual monthly detailed statement off
transactions on the various New. York exchanges, has also
been crowded off of the first page. The results for the
two months are, however, given below and for purposes of
comparison the figures for the corresponding period of 1899
table,
are also presented.
;
OueripUon.
Two
1900
Par Value
Actual
or Quantity
Value.
Aver'gt Par Value
Price. or QwtntiPi,
$389,359 83-9
$eo,2ie 2i4-7
$453,200
$26,800
in the same way as circulating notes of national
associations heietofore issued, and suiject to all the provisions of law
affecting f.uch notes.
Provided that nothing herein contalupd shall be constrned tomodify
or repeal the provisions of Section &,167 of the Revised Statutes of the
United States, authorizing the Comptroller ot the Currency to require
additional deposits of bonds or of lawful money in case the market
value of the bonds held to secure the circulating notes shall tall below
the par value ot the circulating notes outstanding for which such
bonds may be deposited as security.
LIMITATIONS UPON NOTES.
And provided, further, that the circulating notes furnished to
national banking associations under the provisions ot this Act shall be
of the denominations pretcribed by law, except that no national
banking association shall, after the passage of this Act, be entlcled to
receive from the Comptroller of the Currency, or to issue or reissue or
place in circulation more than one-third in amount of its circulating
notes of the denomination of live dollars.
And provided, further, that the total amount of such notes Issued
to any such as.sociation may equal at any time, but shall not exceed,
the amount at such lime ot its capital stock actually paid in.
And provided, further, that under regulations to be urescribed by
the Secretary of the Treasury any national banking association
may substitute the 2 per centum bonds, issued under the provisions
ot this Act, for any ot the bonds deposited with the Treasurer to secure circulation or to secure deposits of public money; and so much
of an Act entitled, '-An Act to enable national banking associations to
extend their corporate existence and for other purposes," approved
July 12, 188^, as prohibits any national bank which makes any deposit of lawful money in order co withdraw its circulating notes from
receiving any increase of its circulation tor the period ot six months
from the time it made such deposit of lawful money for the parpose
aforesaid. Is hereby repealed, and all otber acts or parts of acts
inconsistent with the provisions of this section are hereby repealed.
NATIONAL BANK TAX.
Sec. 13.— That every nacional banking association having on deposit, as provided by law, bonds of the United States, bearing Interest
at the rate of 2 per centum per annum, issued under the provisions of
this Act, to secure its circulating notes, shall pay to the Treasurer of
the United States, in the months of January and July, a tax of onefourth of 1 per centum each halt-year upon the average amount of
such of its notes in circulation as are based upon the deposit of said 2
per centum bonds, and such taxes shall be in ueu ot existing taxes on
its notes in circulation imposed by Section 5,214 of the Revised
Statutes.
INTERNATIONAL BIMETALLISM.
Sec. 14.— That the provisions of this Act are not intended to preclude the accomplishment of international bimetallism whenever conditions shall make it expedient and practicable to secure the same by
concurrent action ot the leading commercial nations ot the world
and at a ratio which shall insure permauenoe of relative value between gold and silver.
Clearings by Telegraph.— Sales of Stocks, Bonds, &c.—
The subjoined table, covering clearings for the current week,
nsually appears on the first page of the Chronicle, but on
account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
the leading cities. It will be observed that as compared with
the corresponding week of 1899 there is a decrease in the
aggregate of 190 per cent. So far as the individual cities are
concerned, New York exhibits a loss of 27 -0 per cent, and
the declines at other points are: Boston 16-2 per cent, Philadelphia 9 2 per cent, Baltimore 34-5 per cent and Chicago
14-7 per cent.
St. Louis records a gain of 6-1 per cent and
New Orleans 31-9 per cent.
Clearings.
Retwrns by Telegraph.
New York
Boston
Philadelphia
Baltimore
ChioaKO
8t.Loui8
Orleans
XVeek
1900.
7054 c.
6 days
All cities, 1 day
Total
all cities
745^
$3.090886822
Ending March
3.
1899.
P. Cent
STOCK EXCHANGE CLEARING HOD8E TRANSACTIONS.
I
'lotal
1839January
Sheets
Balances, one side.
Value Shares. Cash. Cleared.
$
$
$
8.330
751,100,000 6.526.000
5.413.800.000 10.529,800
6,86C
568,100,000 5,994,700
4,114.700,000 7.149,200
Shares, both sld's
Cleared.
75.000.300
February... 50.286,900
a mos.... 125,887,200
.
,
Value.
Shares.
9.528,500.000 17.679,000 1,139,200,000 12.520,700
15,190
3,480,200
190032.428,200
2.678,900,000
4,455,300
February... 29.851,800
2,820,600,000
4,111,300
310,800,000
299,100,000
2,886,100
8.611
6.90&
4.999.500,000
8,566.600
609.9JO.000
0,366,300
15,51»-
January
mos
2
62.280,000
...
.
Shares, both sides
2'otal Value.
.
Cleared.
1900-
$
119,800,000
/
Sheets
Balances, one side.
Cleared.
Value Sliares. Cash.
$
$
37»
180.200
211,700
15,700,000
341
57,200
188.500
10.000,000
357
49,200
143,900
9,500,000
.
Shares.
Feb. 19
" 20
•'
21
" 22
••
23
1,519,000
Totalweek..
4,357,700
319,800,000
653,000
lasty'r. 14,999,100
1,403,100.000
2,182,300
2.012,500
147,700.000
145.400,000
2,009,100
148,500,000
280.200
215,300
240,800
194,200
217,100
19,200.000
1,821,400
Wk.
61,200,000
1,070.400
69,400,000
69.400,000
HOLIDAY
Feb. 26
•'
27
"
28
Mar.
892.200
876,100
1
1,580,800
108,500 000
2
1.647.300
114.500,000
158,900
113.000
374-
44,400,000
349,600
1,451
183.700,000
2,367.900
1.585
330,700
240,800
351,100
232,500
196.600
398
9,200,000
15,800,000
16,900.000
13,200,000
13.900.000
Total week..
9,071.000
664,600,000
1,147,600
79,000,000
1,851,700
Wk. lasty'r.
13,130,900
1,110.700,000
1,854,900
148,200,000
1,495.500
— 27*0
120,230.5S7
-16*2
86.094.912
94,843.660
—9*8
1899 ia indicated in the following
21.483,893
32,7bS,83l
122,730,086
143,855.164
— 34*5
— 14-7
SALBS OF STOCKS AT
28,672,285
26,919,102
7,52r.696
for
week
200,017.461
$1,569,414,711
190,276,947
1,987
1,93»
,
$1,143,250 171
$1,204,209,887
386-
390
377
38»
The stocks cleared now are American Steel & "Wire common. American Sugar common. American Tobacco common,
Atchison common and preferred, Baltimore & Ohio common and preferred, Brooklyn Rapid Transit Company,
Central of N. J. Che s. & Ohio, Chicago Burlington & Quiney,
C. C. C. & St. Louis. Chicago Great Western common, Chicago Milwaukee & St. Paul common, Chicago & North
Western common, Chicago Rock Island & Pacific, Consoli*
dated Gas, Continental Tobacco, Delaware & Hudson, Delaware Lackawanna & Western, Erie. Federal Steel common
and preferred. General Electric, Louisville & Nashville,
Manhattan, Metropolitan Street Railway, Missouri Kansas
& Texas preferred, Missouri Pacific, New York Central,
New York Ontario & Western, Norfolk & Western preferred. Northern Pacific common and preferred, Pacific Mail,
Pennsylvania, People's Gas, Reading common and first and
second preferred, Southern Pacific, Southern Railway
preferred, Tennessee Coal & Iron, Texas & Pacific, Third
Avenue, Union Pacific common and preferred, United States
Leather common and preferred. United States Rubber common, Wabash preferred and Western Union Telegraph.
The volume of transactions in share properties on the New
York Stock Exchange each month since Jan. 1 in 1900 and
:
NEW YORK STOCK BXOHANGS.
+61
-1-3
1"9
1900.
all cities,
Price.
82,407.632
110,420,980
$1.653688624
»831,667.350
100.78S.347
9,932,415
Seven cities, 5 (lays
Other cities, 6 days
Total
Average
Value.
78-6~ $1123393160 $3,0070792PO 72-9
Total... $2014.036.512 $1,48174574P
Grain, bush.
102,278,980
71.842.776
Total value.
Actual
40,358.218
2810419935 72-3
3887,216.150
t23U.82I.400 $193,938,003 83-3
$8,026,062 113-4
$2.e«8.460
tt26,766 80-1
$531,600
$169,531 305-2
$65,660
20.0.39,108
Btockjl^,^; $1923,305.4t2 $1,406920686 73-1
BR. bonds.. 188.P69.200 $73,848,583 880
Sov't bonds
$1,291.fe00
$1,627,006 118-8
State bonds
Bank stocks
Months, 1899
The transactions of the Stock Exchange Clearing-House
from Feb. 19, down to and including Friday, March 2, also
the aggregates for January and February in 1900 and 189&
banking are given in tabular form below.
aud treated
New
Two Months,
1899.
-23-3
-f6"l
ttonth.
Number
0/ Shares.
$1,404,287,848
$1,759,691,658
316,016.491
362,794,753
— 13*2
$1,719,803,839
$2,122,480,411
—190
Jan.
reb.
Value*.
9,843.716
10.19.S.392
Par.
946,681,487
978,723,925
Actual.
Valttet.
Number
of Shares.
Par.
Actual,
$
«87.848,OT8 84,251,08S 8,860,846.650 1.619.620.8SS
718.677,567 18,106,23? 1.636,370.500 1,190,899.162
March
The
—
J
.
.
3,
.
THE CHRONICLE.
1900.
compilation covers the clearings by months
folio wing
since January
1,
CORPORATE EXISTENCE OF NATIONAL BANK EXPIRED.
Clearings Out$ide
Clearingt, lotal All.
New
Tork,
Mnn.th
P.Ct.
1869.
1900.
7,624.769,375
e.417,8a«.74)
..
2,456- The Santa Barbara County National Bank, Santa Barbara,
California, until February 19. 1920.
2,463—The Dundee National Bank, Dundee, New York,
9
<
2.960.179.980
8.498,080.612 -10-2
6 982.303.858 -8-1
P.Ot.
1899.
1800.
$
2.802.310,836
2.43t.e«4.622
2.470.'?98.e92
+5-6
+1
The course of bank clearings at leading cities of the country
for the month of February and since January 1 in each of
the last four years is shown in the subjoined statement.
BANK CLBABINOS AT LBADINO
—February.
(OOO.OOOs
1900.
1899.
1898.
Jan. 1 to Feb. 28
1900. 1899. 1898. 1897
$
$
$
$
8,611 10,241 7,207 4,634
926
1,067 1,134
783
1,095 1,027
840
602
1897.
omitted.)
$
$
$
$
Kew York...
3,946
4,551
3,516
2,045
475
506
345
124
110
77
68
523
475
364
115
143
104
63
51
39
34
30
30
37
29
24
22
25
17
17
15
10
11
418
411
281
111
360
283
234
103
81
56
55
45
45
39
36
24
19
22
20
19
18
16
15
13
Boston
OMoago
PhUadelphla
Bt. Louis....
Pittsburg.. .
Baltimore...
Ban Fran' 00.
Oinoinnati...
Kansas
61
49
49
38
City.
New Orleans
Louisville...
Alinneapolls.
36
41
30
25
23
22
19
19
16
10
16
Cleveland...
Detroit
Providence..
Milwaukee..
Omaha
Bufialo
C!oluml)U8.
.
Paul
Hartford
8t.
Denver
Total
70
60
48
42
42
29
27
27
25
20
21
21
16
16
14
9
12
6,105
6,729
5.317
312
253
240
Other cities..
Total all... 6,417 6,982 5,557
Outside N.Y. 2,471 2.431 2,041
CITIES.
780
258
241
763
269
240
169
151
134
107
102
211
130
117
86
87
65
72
79
65
53
47
56
38
81
79
90
71
56
52
49
42
43
38
24
37
11
9
11
608
236
161
153
126
106
86
95
59
60
58
56
45
45
499
217
122
121
3J>
24
25
94
84
82
52
45
48
43
47
38
34
31
28
24
22
22
22
24
3.498 13,370 14,911 11,057
7,773
518
411
3,685 14,042 15,475 11,575
1.640 5,431 5,234 4,368
8,184
3,550
672
187
564
Februarj
AUTHORITY FOB CONVERSION TO NATIONAL BANK APPROVED.
to convert to The First Nakapproved February 21, 1900. Capital
The State Bank of Sheridan, Indiana,
Bank
of Sheridan,
tional State
$50,000. Blanks sent to JohQ H. Cox, Sheridan, Indiana.
The Winnebago State Bank, Winnebago City, Minnesota, to convert
to The First National Bank of Winnebago City, approved February
24, 1900. Capital, $50,000. Blanks sent to H. W. Sinclair, Fairmount, Minnesota.
TRUST COMPANY ORGANIZED.
Tlie
Union Trust & Storage Company
Columbia*
of the District of
capital $1 ,200,000, with the following officers, was on Feb. 1, 1900
Edward J. Stellwagen, President
authorized to commence business
James G. Payne, First Vice-President George E. Hamilton, Second
Vice-President, Attorney and Trust Officer; George E. Fleming,
:
;
Secretary; Charles S. Bradley, Treasurer.
lOi
44
35
36
30
40
until
19, 1920.
7
—
4:ld
5,258— The Groveton National Bank, Groveton, New Hampshire.
Capital, $50,000. Daniel J. Daley, Preslilent; Elmer J.
Noyes, Cashier. Certificate issued February 20, 1900.
MONTHLY CLBABINOS.
Jannary.
ITebmarr
;
—
Imports and Ezfohts for the Week. The following are
the imports at New York for the week ending for dry goods
Feb. 22 and for the week ending for general merchandise
Feb. 23 also totals since beginning first week January.
;
FOREIGN IMPORTS.
For week.
1897.
1898.
1899.
1900.
$2,882,943
8,801,130
$2,590,908
5,702,911
$2,940,365
6,457,759
$2,401,405
5,915,488
$11,684,073
$8,293,819
$9,398,1-24
$8,316,893
Gen'l mer'dise
$23,325,285
63,088.508
$18,785,273
56,543,881
$19,726,097
48,062,716
$20,005,052
53,724,220
Total 8 weeks..
$86,413,793
$75,329,154
$67,788,813
$73,729,272
Dry Goods
Gen'l mer'dise
Total
Since Jan.
1.
Dry Goods
The imports
in
of dry goods for one
week
later will be
found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
Ensllsb Financial Markets— Per Cable.
specie) from the port of New York to foreign ports for the
The daily closing quotations for securities, etc., at London week ending Feb. 36, and from January 1 to date.
are reported by cable as follows for the week ending Mar. 2.
EXPORTS FROM NEW YORK FOR THE WEEK.
London.
Sat.
Mon.
Tues.
Wed.
27 13
2713
277,6
101 14
1015,^ 1013,8 101i«
,
IOII4
10138
1015i« IOII2
Fr'ch rentes (in Paris) fr. 101 -^5 OI-3213 101-.50 01-5213
67I3
6758
6778
6758
SDanlsh 48
914
Anaconda Mining
815,6
9
8%
2II4
2158
22
Atch. Top. & Santa Fe.. 2138
65 13
6578
6458
6433
Preferred
63i«
6414
Baltimore & Ohio
63
63
8li«
8078
8214
Preferred
8O79.
IOII4
IOII4
101
Canadian Pacific
10058
2913
2913
Chesapeake* Ohio
2933
2933
Chic. Mil. & 8t. Paul... 125
124% 125% 125
2OI3
20»8
Den.
Rio Gr., com.... 2058
2013
74 14
74ifl
do Preferred. 7414
Do
74
13 1«
1338
Erie, common
13
13
38I3
3918
3878
1st preferred
38%
II6I4
II6I3
II6I3
lUinols Central
116
Louisville & Nashville.. 8378
8413
8313
8313
Mo. Kan. & Tex., com.. llVj
IH2
llifl
Ilk
136
N. Y. Cenfl & Hudson.. I36I3
136
136
N. Y. Onti-rlo & West'n 25
2453
2473
2438
Norfolk .k Western
3313
3373
32%
33%
Do
do
7733
pref. 7612
76%
76%
54I3
Northern Pacific, com.. 5413
5488
5413
76I4
76 14
Preferred
7638
7618
68I3
Pennsylvania
6833
68%
68%
ounce
Consols. new. 2 %
For account
Silver, per
d.
p. ots.
277,8
&
*Phila. &Read
•Phlla. & Read.,lst pref.
•Phila.
Read. 2d pref.
Southern Pacific
9%
9%
s<%
9%
3OI3
I514
3953
3058
3013
1514
3933
South'n Railway, com.
Preferred
13
5939
3013
1514
3933
13
&
Union
.
x49%
Pacific
Preferred
x77
Wabash, preferred
* Price
2113
15%
3973
I313
59
59 3g
4953
5014
7613
2113
76I4
21
13%
Thurt.
Fri.
277,6
2713
10058 100 M)
10073 100%
102-25 102-30
687a
6738
946
23%
6758
64 13
81%
101
3014
9I3
23 14
6718
6358
8138
10078
30
126%
125%
2078
74I3
1338
3933
2038
116%
85
Ills
137
2514
33^8
7758
5514
76%
68%
9I2
30%
15%
4014
1413
5953
5018
76I4
60%
21
2158
5II4
76%
136%
2458
3313
*9,577,983
62,179,745
$6,398,407
54,682,755
Total 8 weeks.
$90,905,167
$78,490,339
§71,757,728
$61,081,162
The following table shows the exports and imports of
New York for the week ending Feb. 34
and since January 1, 1900, and for the corresponding periods
in 1899 and 1898.
specie at the port of
EXFOBT8 AND IMPORTS OF SPECIE AT NEW YORK.
Week.
Great Britain
France
Since Jan.
1.
$3,652,400
Germany
All other countries.
938
3014
1513
3973
1414
6OI3
5038
761s
Imports.
Exports.
Gold.
69
National Banks.—The following information regarding
national banks is from the Treasury Department.
Total 1900
Total 1899
Total 1898
$li6',515
164.600
$274,515
22,465
57,210
Week.
Since Jan.
$43,686
229,670
193.000
68,344
55,157
110,276
12.663
$9)650
1,172,733
13,950
1,433,300
5,000
"1,356
$6,277,383
1,816.465
3,418.685
$32,118
29,567
135.362
1.
11,828
9,290
$712,796
3,729,0'i4
4,073,200
Imports.
Exports.
Silver.
Week.
Great Britain
France
Germany.
West Indies
Mexico
South America
Since Jan.
1.
Week.
$1,124,275
$7,359,420
77,657
"i',606
45,058
"4,706
'16,667
210
11,185
460.881
62,846
2.408
$1,129,975
1,034,025
800,746
$7,498,702
7,965,809
7.141,781
$93,864
92,054
18.506
$573,554
508,454
460,173
$36,234
500
$93,654
All other countries.
Total 1900
Total 1899
Total 1898
Since Jan. 1.
KATIONAL BANKS ORGANIZED.
National Bank of Slayton, Minnesota.
Note.— Week's exports include $1,000 silver to West Indies and
$350,685 silver to London, shipped Feb. 13 and 16 but reported too
late to be included in previous week's statement.
Burt
Of the above imports for the week in 1900, $1,550 were
American gold coin and $60 were American silver coin.
Of the exports during the same time $274,515 were American
I.
Certificate issued
Weld, President
February
5,257— The Farmers* National Bank
;
Capital'
Ira J. Hoover, Cashier-
19. 1900.
of Princeton,
Kentucky. Capital'
Leech, President; John R. Wylie, Cashier.
Certificate Issued February 20, 1900.
$50,000.
$7,179,610
71,310,729
76%
5413
(Si^mmzxtivil atid W^\&tt\\nxitoxxs Sews
$50,000.
49,313,517
81,591,650
West Indies
Mexico
South America
77
per share.
5,256—The First
Prev. reported
For the week.
74
1313
3373
II6I3
8414
III3
1897.
1898.
1899.
1900.
J. D.
gold coin.
.. .
1
J
3
1
THE CHRONICLE
414
—
New York City Clearing Honse Banks. Statement of
condition for the week ending Feb. 24, based on average of
daily results.
We omit two ciphers foO) xn all cases.
House Banks of New York Uity, Boston and Philadelphia.
The New York figures do not include results for the nonmember banks
(Japital
BANKS
Bank of New York..
Capital. Surplus.
Loans.
$2,000,0 $1,999,2 $13,344
$2,766,0
2,050,0, 2,114,1| 17,877,0 3,658,0
Merchants'
2,000,0 1,162,5 13,124,81 2,821,1
Mechanics'
2,000,0 2,197,1 11,458,0 1,985,0
America
1.500,0 2,814,2' 21,174,5 4,166,2
Phenix
1,000,0
975,0
4,297,0i
252,5i
City
10,000,0 4,938,7 102,486,3 28,600,9
Chemical
300,0 6,560,1 24,184;4 4,922,6
Merchants' Exch'ge
600
207,0
4,771,8
893,5
Gallatin
1,000,0 1,718,6
8,033,0 1,063,8
Butchers' <fe Drov'rs'
300,0
101,0
1,117,1
225,2
Mechamcs'& Trad's'
400,0
129,8
209,0
1,969,0
Greenwich
200,0
168,6
896,5
103,2
lieather Manniac'rs
600,0
505,3
3,718,5
626,1
Seventh
300,0
200,3
2,958,5
481,6
State of New York.. 1,200,0
528,0
4.153,3
242,7
American Exch'cge 5,000,0 2,651,8 28,090,0 5,046,0
Commerce
5,000,0 3,778,8 31,354,8 2,135,0
Broadway
1,000,0 1,624,3
5,923,4 1,271,81
Mercantile
1,000,0 1,084,8 11,566,1 2.324,4
Pacific
422,7
492,2
2,779,4
274,3
Republic
1,500,0
974,1 18,169,4 4,380,2
Chatham
450,0
804,0'
991,3
5,850,4
People's
200,0
298,4
2,206,6
199,2
Noith America
1,000,0
633,3 11,652,9 2,714,7
Hanover
1,000,0 2,711,9 36,053,3 10,091,3
Irving
500,0
412,2
4,059,0;
637,5
Citizens'
600,0
383,2
2,698,7;
602,3
Nassau
500,0
264,8
2,539,7
305,4
Market & Fulton...
900,0 1,017,9
6,416,6 1,411,9;
Shoe & Leather
1,000,0
170,1
3,611,5
815,5
Corn Exchange
1,400,0 1,731,5 16,789,1 2,184,4!
Continental
1,000,0
531,6
5,025,2 l,145,o:
Oriental
300,0
174,6i
395,6
2,077,3
Importers'&Trad'rs 1,500,0 5,829,8 24,431,0 5,159,0
Park
2,000,0 3,339,5 42,564,0 14,484,0
East River
250,0
148,2
1,281,4
268,9;
Fourth
3,000,0 2.171,8 23,685,1 5,445,2'
Central
1,000,0
534,5
9,787,0 2,400,0
Second
300,0
8,305,0 l,843,0l
776,6
Ninth
750,0
172,1
2,793,6
308,2
First
500,0 7,767,3 34,761,2 9,734,7
300,0
78,1
2,424,4
N. Y. Nat'l Exch'ge.
559,7
Bowery
250,0
682,5
3,259,0
376,7
County..
New York
200,0
413,6
3,123,9
702,4
German American.
750,0
318,5
3,341,8
754,5
Chase
1,000,0 1,596,7 33,359,8 6.111,5
100,0 1,211,5
Fifth Avenue
8,069,6 1.819,7
German Exchange.
200,0
2,704,2
585,4
206,4
Germania
200,0
774,6
2,937,2
400,9
Lincoln
848,2
300,0
8,871,6 2,021,7
200,0
979,1
Garfield
6,173,1 l,6]9,9l
200,0
2,1.59,6
Fifth
331,8
548,2
Metrop.
300,0
911,6
Bank of the
5,823,9 1,379,6
West Side
200,0
393,3
2,523,0,
379,0
629,5 12,211,01 2,026,0
Seaboard
500,0
Western
2,100,0 1,292,8 30,301,1 6,790,5
529,6
First Nat'l, B'klyn..
300,0
3,959,0
507,0
Nat. Union Bank.... 1,200,0 1,301,7 15,221,1 3,598,5
Liberty
500,0
445,9
5,284,5 1,205,6
329,9
3,739,3
N. Y. Prod. Exch'ge 1,000,0
569,0
250,0
397,4
Bk.of N..\m8teruam
3,878,1
611,7
350,0
191,4
Astor
3,759,3
603,7
500,0
252,5
2,295,2
Hide & Leather
92,3
Manhattan Co
Deposits.
Legals.
Specie.
$1,179,0 $13,511,0
3,190,0 21,639,0
1,569,9 15,596,8
731,0 11,241,0
1,727,8 24,058,7
193,0
4,430,0
4,986,8, 121,103,5
3,501,71 25,967,4
5,453,8
571, 3i
670,41
6,539,3
43,3i
185,0'
167,2:
331,8!
1,094,9
2,(115,0
811,1
3,534,6
3,931,0
392,5,
3,354,3
1,924,0' 23,320,0
3,324,21 21,603,1
268,1
5,291.3
994,4 13,278,4
375.7
2,949,3
1,112,1 20,167,7
880,0
6,033,2
2,6'iii,6
383,7
902,3 13,541,1
2,400,1 45,196,8
598,1
4,429,0
182,8
2,826,3
2,762,4
346,71
530,1
6,969,0
248,3
4,104,3
2,589,01 19,368,6
416,2
432,8i
6,0' 5,2
245,31
1,950,0
1,381,0) 24,615,0
2,823,01 55,570,0
126,3
1,449,0
1,442,0 25 840,1
1,064,0 12,838,0
488,0
206,0
1,262,0
267,3
343,3
351,2
243,7
5,449,8
362,3
518,6
432,9
644,3
412,5
172,4
434,5
295,01
2,084,0;
2,127,8
613,0
671,0
248,5
366,3
581,9
442,3
260,8
9,178,0
2.756,6
36,522,9
2,797,1
3,411,0
3,928,4
3,473,2
41,506,3
8,983,6
3,110,5
4,231,2
10,166,9
7,343,7
2,447,2
6,861,0
2,735,0
15,224,0
35,903,5
4,208,0
16,372,8
5,314,0
3,293,7
4,478,6
4,089,6
1,540,0
ac
Banks.
Surplus.
N. Y.»
$
Feb.
"
10..
17..
24..
"
"
Deposits.'Y
Circ'l'n.
CUarlngg.
$
$
$
$
I
57,651,9 178,821, 14,726,0
57,651,9 179,196, 0:14,692,0
57,651,9 178,749, 14,485,0
10..
17..
24..
"
Legals.
67,085,5 795,917,3 16,860,9 10260527
66,564,7814,786.9 17,026,2 11068321
65,536,7821,018,1 17,296,8 925,316,0
63,710,3826,866,6 17,971,5 878,185,6
1
Bos.*
Feb.
Specie.
$
140,402,9 699,582 6 1627651
165U296
149,402,9;720,735
149,402,9'734,419, 2:1637335
149,402,9 745,455, 1 1626849
3..
"
Loans.
7,376,0194,434,0
7,326,0194,647,0
7,177,0194,205,0
68,422,7 80,980,2 1746,455,1, 1626849; 63,710,3826,866,6
Reports of Non-Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending Feb. 24, based on averages of the daily result.
We omit two ciphers if 00) in all cases.
BANKS.
Capi-
(Ots omitted.)
tal.
Leg. T. Deposit, with
Net
Invest- Specie, &.B'k. Clear'g Other Depositi
rtunts.
Notes. Agent. Bks.&c
Sur- Loans Jc\
plus.
New York
City.
Bornugh 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
598,1
8,9
1320,0
50,5
531,2
34,2
1933,0
54,0
1326,5
34,2
1067,7
22,5
1985,0
75,0
892,3
13,8
2856,0 208,0
1138,2
20,0
828,2
46,4
2217,0
48,6
1463,4
87,5
105,7
82,0
45,0
45,2
46,2
90,2
53,9
108,0
110,2
92,6
84,0
68,6
104,0
142,0
92,7
223,8
97,4
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
461,0
392,2
201,7
584,5
574,8
115,1
127,7
60,6
70,9
225,1
56,8
55,8
43,8
17,0
1018,6
1328,4
1208,6
346,4
592,9
627,8
2336.5
2782,6
878,0
3800,0
2359,0
667,9
810,4
446,6
469,0
1059,6
440,2
282,0
611,0
405,8
3,5
100,3 161,8
98,2 137,6
38,4 240,0
20,9
44,0
22,5
45,7
23,8
65,4
210,9 528,7
130,3 146,3
50,0
80,1
272,0 638,0
228,0 259,0
52,5
37,1
35,4
46,5
25,4
96,0
39,2
58,4
10,0 170,3
25,1
69,6
13,3
28.3
25,5
52,1
20,4
46,9
Isl.
Isl.
25,0
100,0
51,4
79,3
431,3
653,2
16,1
29,2
Other Citi-fs.
iPt Nat., Jer. City
Hud. Co. Nat., J.C
2d Nat., Jer. Ciiy..
3d Nat., Jer. City..
Ist Nat., H(ib ken.
2d Nat., Hob. ken.
20,7 105,7
20,0
90,6
400.0
250,0
250,0
200.0
110,0
125,0
786,2
539,3
368,4
212,2
.
. . ^
Colum' ia
Eleventh Ward....
Fourteenth Street.
Gansevoort
Hanjilton
•....
Home
Mcnut Morris
Mutual
Nineteenth War d
Plaza
.
Riverside
State
Twelfth Ward
Twenty.third W'd.
Union Square
Yorkville
Borotigh of
Brooklyn.
Bedfoid
Broadway
Brooklyn
Eighth Ward
Fifth
Avenue
Kings CountT
Manufact'rs' Nat'l.
Mechanics
Mech's'
&
Traders'
Nasaan National..
National City
North Side
People's
ScUermerhorn
Seventeenth Ward
SpragueNutit nal.
Twenty-sixth W'd.
Union
Wallabout
Merchants'
Borough of
Richmond.
Bank (f Staten
l8tNat.,Staten
1128,8
2189,0
1103,4
1032,3
23,1
96,0
44,5
35,0
12,2
13,1
69,0
11,7
27,7
31,9
256,2!
163,2
17,3
146,0
113,0
11,0
33,1
23,0
8,6
99,6
16,4
6,7
21,1
259,6
158,0
315,9
221,1
41,9
117,9
174,4
96,0
178,9
209,1
158,0
1396,8
2147,0
1372,0
1257,0
43,4
645,1
1433,6
666.2
50,5 2185.0
27,7 1418,6
8'.>,8
1511,4
6.1
2050,11
68,3
65,0
92,3
117,6
122,0
52,0
106,3
289,0
178,6
20.0
884,8
3231,0
1608,2
1076,2
2631,3
1578,0
120,0 1239,5
6 1385,7
34,8 1294.0
3,6
305,0
15,0
539,3
10,6
610,1
2793,4
2712,6
42,3
838,8
26,0 4103,0
152,0 2672,0
144,1
720,8
62.4
830,3
50,0
484,0
8
409,8
8.5
936,0
8
454,0
5,2
187,3
32,7
603.3
369,4
17..
24..
"
42,404,0
42,694,0
44,295,0
35,345,4 138,361,
35,345,4 139,891,
35,345,4 139,796,
111..
"
Wi- omit two ciphers in all these fwures.
+ Including for Boston and Philadelphia
158,681,0
161,625,0
5,613,0
163,270.11
5,760,0
45<',3
95,2
4855,7 183,2 259,0 1035,7
2124,8
78,6
64,4 168.0
1351,9
66,9
28,5 235,9
929,0
29,0
71,4 103,1
1877,0 100,1
18,6
94,2
704,4
64,7
60,0
73,9
Totals Feb. 24.. 7362,0 8131,0 59008,7 2554,33566,2 7600,5 2331,464349 7
Totals Feb. 17.. 7362,0 8131,0 58690,9 2451,0 3704,9 7605,9 2259,6 64046.7
Totals Feb. 10.. 7362,0;8131,0 58309,6 2563.5
3835.08132,7i2180,5 64385 8
New York
we
furnish a
City,
Boston
summary of
&
Philadelphia Banks.— Below
the weekly returns of the Clearing
88,786,2
81,801,9
70,948,2
the item
'
due to other banks."
Western Maryland Bailroad.
CStatement for year ending Sept 30, 1899.
The figures for 1898, with which comparisons are made,
are not those published in the official report for that year,
but the revised figures prepared by Stephen Little, arrived
at by charging back some old claims and making other necessary adjustments pertaining to the operations of that year,
which could not be dealt with until 1899; the plan pursued
by Mr. Little being to accurately assign to each year its own
earnings and liabilities regardless of when they were taken
to book.
EARNINGS AND EXPENSES.
Earnings—
1899.
$1,053,419
368,366
16,841
22,914
28,8eO
35,535
1898.
$92;-,310
$1,535,935
$1,393,396
$559,747
133,945
178,947
93,404
3,023
34,550
$551,279
141,909
168,185
92,329
6,8i6
29,585
I. $8,468
i). 7,964
Total operating exp.&taxes,$l, 003,616
$990,132
7.13,484
Freight
Paeeenger
Malls
Express
Milk
Miscellaneous
Total gross earnings
Expenxes—
Conducting transportation
Maintenance of equipment
Maintenanoeotway&structures.
General expenses
Betterments
Taxes...
Net earnings from operation
.
Ratio of expenses to earnings.
Auction Sales.
.
.
I.
361,187
26,7,7
21,186
31,360
28,606
7080
c.
p. c.
$124,109
/.
7,179
/.
2).
J.
1,727
2,500
6,929
/.
J.
94
$137,539
10,762
I. 1,075
D. 3,822
/. 4,965
J.
$40^,265
$532.319
65*34 p.
Inc. or Dec.
I.
$124.054
D. 5-46
—By Messrs. Adrian H. Muller & Son
p. c.
:
Slocks.
ION. Y. Rubber Co
10
50
40
10
5
110^4
5 Williamsburg Trust Co.. 200
30 Calumet & HeclaMming
Co
$755-758 per
10 Steel Tired Wheel Co.,
sh.
5 Bankers' Trust Co
193
Bonds.
$4,000 United Trac. & Eleo.
20 Farmers' Loan & Tr. Co.. 1405
40 Safe Decosit Co. of N. Y.12714
150 Cayuga <fc Susq. RR. C0.2O6I4
55 Warren RR. Co.. guar... 191
190 Thomas Iron Co., $50
each
$52-50 per sh.
151 Central N. J. Land Impt.
$4i« persh.
Co
19ie Lackawanna Ir.& C. Co.lol
92 Lackawanna Store Asso411^
ciation, Limited
115 Lachawnnna Ir.«k8t. Co. 100
7 Nat. Bank of Commerce.. 280
50 Market & Ful.Nat.Bank.225
3 Union Trust Co
1400»fl
104i8
649 Phenix Nat. Bank
55 Nat. Broadway Bank... .243
Co. (Prov. & Pawtucket St.
Ry.) 1st 58. 1933, fM&S.. .. 14
$5,000 Jamaica & Brooklyn
RoadCo.'s58, 1930, J&I..IO213
$6,000 Northwestern Grand
Trunk Ry. 68, 1910, J&J... 112^4
$3,000 South Car. 4ias. 1933,
IIOI4
J&J
$457 50 South Car. 4138, cer100
tificate of interest
$127,000 Col. San. & Hock.
RR.
Co. Ists
$1,000 Jamestown & Chautauqua Ry. 1st 58, 1998,
M&N
and
SattMttjg
North Am. Trust Co
152
PheLix Ine.Ci/.of B'klyn.180
Continental Nat. Bank. .145%
State Trust Co
400^
Travelers' Life Ins. Co.
of Hartford
385
3 .Etna Fire Insurance Co,
29012
of Hartford
10 National Park Bank
400
45is
common
10 Steel TirediWheel!Co.,pf. 86»a
40 Mountain Spring Water
Co. of Hillburn, N. Y .lOO^a
30 Manhattan Life Ins. Co. 41
20
91
^iuatxcial.
NASSAU STREET, NEW YORK.
36
FISK
& ROBINSON
BANKERS
INVESTMENT SECURITIES.
HABVBY EDWARD
GEORGE
FISK.
Member
OBOBOB BABOLAT MOFFAT.
Moffat
H. ROBINSON.
N. Y. Stock Exchai ge,
ALEXANDEB M. WHITB, JB
& ^Vhite
BANKERS,
Members New York Stock Exchange,
I
NASSAU STREET,
Spencer
21
&
-
-
NE1¥ TOK&.
-
INVESTMENT SECURITIES.
526,0
618,1
866.0 6376,4
62,0 1818,8
1173,1
115,2
958,5
6,6 1444,8
52,4
853,5
5,626,('
•
No.
11,1
5,387,0 127,208,3
5,442,0 126,206,7
5,443,0 98.623,1
Phila.*
Feb.
Stoclis.
Total
LXX.
[Vol.
29
Trask &
BANKERS,
PINE STREET,
.
-
-
Co.,
-
NEW YORK*
Transact a general banking businessi act as Fiscal
Agents for corporations, and negotiate security
Execute
issues of railroads and other companies.
commission orders and deal in
Members N.
INVESTMENT SECURITIES.
Branch
State
7. Stock
Exchange
Office, 67
St.,
Albany.
—
March
3,
J
.
.
:
.
THE CHRONICLE.
1900.
»
:
415
of domestic exchange on
at the under-mentioned cities to-day: Savannah,
buying par, selling $1 00 per $1,000 premium; Charleston,
buying par, selling 1-10 premium; New Orleans, bank, $1 00
premium; commercial, $1 00 discount; Chicago, 30c. per
$1,000 discount; St. Louis, 10c. per $1,000 discount; San
Francisco, 173^c. per $100 premium.
The following were the rates
New York
^awfejers^ ^a^jette*
DIVIDENDS.
Per
Name of Company.
When
Oenl. Payable
Railroads (Steam).
Atlantic Coast Line (Conn.)
Atlanta & Charlotte Air Line...
Boston & Albany (quar.)
Delaware <fe Hudson (quar.)
Little Miami, guar, (quar.)
Portland & Rum ford Falls (qu.).
Waynesburg & Wnshington
West Jersey & Seashore
Street Railways.
Philadelphia Traction
South Side El., Chicago (quar.)
^^
Mar.
Mar.
3
2 Mar.
Mar.
Mar.
2
Mar.
1
Mar.
3
2l2 Mar.
m
4
^
.
im«ci>llaneoa«.
Calumet Heola Mining
Cambria Iron, guar
Books closed.
(Days inclusive.)
10 Mar.
1
Feb. 11
31 Holders
15 Mar. 1
10 Mar. 1
15 Mar. 9
if> ^fa^.
9
15 Holders
fi
to
Mar.
to
Mar.
of reo. Mar.
to
Mar.
Mar,
to
to
Mar.
Mar.
to
of reo. Feb.
10
14
10
15
9
15
14
24
Chi.Junc.Ry8.&U.S.Yd8.c.(qu.).
"
•
"
pf. (qu.)
Colorado Fuel & Iron,pref
General Electric, com. (quar.)..
International Paper pref. (qu.)..
Maryland Brewing pref
& East River Ferry (quar.)
pref. (quar.)
Republic Iron & Steel pref. (qu.)
N. Y.
Rubber Goods Mfg.
United States Leather pref. (qu.)
United States Prirtin? (quar)...
Va.-Carolina Chem. com. (qnar
)
;
bonds, at llOi^ to 111; $8,000 3s, reg., at \\\%
to 112 $15,000 4s, coup., 19iJ7, at 1163^ to 118; $9,30u 4s, reg.,
1907, at 1163.^ to 1163^, and $85,000 Ss, coup., at 115% to
1153^. The following are the daily closing quotations; for
yearly range see seventh page following.
ditto, small
Apr. 2 Holders of reo. Mar. 10
Mar. 30
to
Mar. 30 Mar. 21
Mar. 30 Holders of rec, Mar. 5
Apr. 2 Holders of rec, Mar. 15
Apr. 2
to
Apr. 2 Mar. 11
1^ Apr. 2 Mar. 11 to Apr. 2
to
Apr. 2
Apr. 2 Mar. 13
8
1^ Apr. 14 Holders of rec. Mar. 31
1^ Apr. 2 Mar. 16 to Apr. 1
to
Mar. 11
3 Mar. 26 Mar. 2
IM Mar. 15 Mar. 2 to Mar. 15
1% Mar. 15 Mar. 9 to Mar. 14
1% Apr. 2 Mar. 16 to Apr. 1
Apr. 2
11^ Apr.
to
2 Mar. 16
Mar. 1
to
Mar. 1 Feb. 22
to
Mar. 1
Mar. 1 Feb. 24
t
$20
<fe
United States Bonds.— Sales of Government bonds at the
Board include $58,000 33, coup., at 111^4 to lli;;^ $1,600
2
2
m
reg.
28,
reg.
3s, 1918
coup
3s, 1918
38, 1918, small, reg.
3s, 1918, small.. c'p.
reg.
4s, 1907
coup.
4s, 1907
reg.
48, 1925
coup.
4s, 1925
reg.
5s, 1904
coup.
5b, 1904
*
This
is
Interest
Feb.
Feb.
Feb.
Periods.
24
26.
27.
-Mch.
-Feb.
-Feb.
-Feb.
-Feb.
-Jan.
-Jan.
-Feb.
-Feb.
-Feb.
-Feb.
*103
*103
*103
*109% '110
*109^ *110
112
*i09i4
•116
Mar.
Mar,
1.
2.
«103
n03
-111 *llll4
IIII4 IIII4 IIII4
iVi"
iio'is
no3
iim
111%
iii" niii4 nii"
11612 116%
"11714 *xl6i2
1171^
*135i2
*135i2
*114ia
*114l2
116
*135
*135
*114
*114
Feb.
28.
1171a
11712 *ll7ia
118
*137ifl * 13734 *137i« *137i4
*137ia ' 13734 *137i2 13714
*115l4 *115l4 m5ia *115ifl
*115l4 11558 115% 11588
the price bid at the morning board
;
no sale was made.
of State bonds at the
3. 1900.-5 P. Ml.
WALL. STREET. FRIDAY,
Board are limited to $70,000 Virginia fund, debt 2-3s of 1991
Stock
The Money Market and Financial Situation.
at 881^ to 88'*4
Exchange circles have been chiefly interested thi 3 week in
The market for railway bonds, which opened dull and
the discussion regarding Third Avenue Railroad matters, narrow, has broadened as the week advanced. Transacwhich reached a crisis on Wednesday, when a receiver for tions at the Exchange amounting to only about $1,30(1,000
the company was appointed. This discussion has doubtless par value on Monday increased to over $2,600,000 on Thursincluded much idle gossip, but causes that lead to the day and were fairly well distributed. There is a steady
decline of an issue of stock which sold since Jan. 1st above
demand for this class of securities and offerings of high135, and within a year at 242, to a point below 46, naturally grade issues are readily absorbed.
Net changes in the active
excite more or less comment and criticism. Of much wider list are generally to a higher level, but rarely amount to a
significance is the news of success achieved by the BritishThere was, however, a further adfull point in any case.
forces in South Africa over which there is great rejoicing vance of 2 points in Detroit Mackinac & Marquette 1st guarin London to day.
anteed 5s, making a recent total gain of 11 points. Third
Holders of railway securities are generally well satisfied Avenue Railroad 1st 5s were exceptional and irregular. In
with the results of current railroad operations and expecta- sympathy with the stock they declined nearly 6 points, subtions of an enlarged dividend-paying list, or of higher divi- sequently recovering a part of the loss. The active list indend rates, has led in some cases to advancing security cludes Atchison, Baltimore
Ohio,
Ohio, Chesapeake
prices. As a result of that provision of the currency bill Central Pacific, Mexican Central, Norfolk
Western,
recently agreed upon relating to national bank circula- Northern Pacific, Reading, St. Louis Southwestern, Union
tion, there has been an advance in some issues of GovPacific and Wabash bonds.
ernment bonds. The prospect of enlarged circulation from
Stock and Bond Sales.—The following shows the volume
this source has had a tendency to keep money market rates
steady, notwithstanding a further reduction of bank reserves of business in stocks and bonds on the New York Stock Exchange for the past week and since Jan. 1
this week.
-Jan. 1 to Mar. 2.——
Exchange
for
call
loans
on
the
Slock
Week end. Mar. 2.
market
rates
Sales at
The open
1900.
1899.
1899.
1900.
N. T. Stock Fjxch,
during the week on stock and bond collaterals have ranged Government
$1,425,400
$2,919,160
$346,000
$176,900
bonds....
631,600
523,200
from 2 to 2}^ per cent. To-day's rates on call were 2 to 2^ State bonds
78.000
70.000
245,416,900
92,506,700
23,319,500
9,148,500
per cent. Prime commercial paper quoted at 43^ to 53^ per RB. and misc. bonds.
$248,867,660
$94,455,300
$23,773,500
cent.
$9,395,400
Total
27,063.3-^3
42,407.337
4,190,890
2,987,580
No. shares
Tho Bank of England weekly statement on Thursday Stocks—
$1,993,6S2,512
$4,172,345,750
$403,796,950
»297,474.050
Par value
$29,100
$57,590
7,000
showed an increase in bullion of £243,074, and the percent- Bank shares, par value.
$3,800
age of reserve to liabilities was 43-66, against 45*19 last week;
add the following record of the daily transactions
the discount rate remains unchanged at 4 per cent. The
U.S.
Railroad, <£e. State
Stocks.
Week ending
Bond$,
Bonds.
Bonds,
Mar. 2, 190O. Shares. Par value.
Bank of France sliows a decrease of 650,000 francs in
fsse.ooo
$21,010,250
229,515
Saturday
gold and 1,925,000 francs in silver.
$6,300
1,323.000
54,074.900
571,816
Monday
22,000
60,5.'?4.750
1,723,.500
The New York City Clearing-House banks, in their state- Tuesday
626,418
15,100
1,698.500
52,127,300
535.555
ment of Feb. 24 showed a decrease in the reserve held of Wednesday
82,000
2,470,500
$70,000
51,835,450
532,372
Thursday
61.500
1,077,000
57,291,400
591,904
$2,875,000 and a surplus over the required reserve of Friday
119.678,550, against $24.015.675 the previous week.
$176,900
$9,148,600
$70,000
$297,474,050
2,987.580
Total
State and Railroad Bonds.— Sales
MARCH
—
•
&
&
&
—
.
We
>
.
1900.
Feb. 24
Differen'sfr'm
Prev. week.
1899.
1898.
Feb. 25.
57,872,700
75,728,000
771,574,900
14,516,300
910,573,600
202,658,300
55,320,000
257,978,300
227,643,400
69,022,700
74,271,200
641,878,400
13,727,700
729,214,300
119,186,500
86,076,400
205,262,900
182,303,575
Surplus reserve 19,678.550 Deo 4,337,125 30.334,9001 22.939,325
Note. —Returns of separate banks appear on page 414.
—
Foreign Exchange. The market for foreign exchange has
been decidedly weak on the liberal offering of both bankers
and cotton bills and a limited demand.
To-day's actual rates of exchange were as follows: Bankers' sixty days' sterling, 4 82^4: (a4 83; demand, 4 86)^ (®486i^;
cables, 4 865^ (ffi4 87; prime commercial, sixty days, 4 82V-i@
4 82}/^; documentary commercial, sixty days, 4 8l%@4: S2%;
grain for payment, 4 823^(3)4 82^; cotton for payment, 4 81^
@4 82; cotton for acceptance, 4 8234
Posted rates of leading bankers follow:
March
2.
Sixty days.
Demand,
Prime bankers' sterling bills on London. 4 83i2®4 84I3 4 87
4 82i4@4 8212
Prime commercial
Documentary commercial
4 81%'@4 82^
Paris bankers' (francs)
Amsterdam
(guilders)
bankers
Frankfort or Bremen (reichmarks) b'kers
* Less lie.
5 2008*'®2058
39l6]fi®40
94i8®943i6
sales
on the Boston and Philadelphia Exchanges were:
Listed
-Boston.Unlisted
shares.
shares,
Feb. 26.
$
€apital
68,422,700
Surplus
80,980,200
Loans &dlsc'nt8. 745.455,100 Inc. 11035900
Circulation
17,971,500 Inc. 674,700
826,866,600 Ino 5,848,500
Net deposits
162,684,900 Dec. 1,048,600
Specie
Legal tenders
63,710,300 Dec 1,826,400
226 395.200 Deo.2,875,000
Reserve held
206,716,650 Inc. 1,462,125
Legal reserve
The
@4 88
517V®517is
40i««40'^i6
91''8®95i5ie
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday.
Total
Bond
Philadelphia.
Listed Unlisted Bond
.
16,049
3,701
11,271
5,570
6,347
11,433
16,864
sales.
$86,100
111,625
115,500
113.321
152,101
105,700
118,196
53,186
634,347
3,574
27,105
27,267
9.929
12,582
26,928
sales.
$52,800
87.913
42.100
128.620
79.085
92,672
shares.
9,921
13,560
15,945
12,781
16,097
9,245
77,549
106,385
483.190
19,791
25,134
21,318
18,433
17,471.
shares.
Railroad and Miscellaneons Stocks.—While the stock
market, for reasons noted above, has been much disturbed
in some departments, railway issues were firm and the shares
of several important groups held fractionally higher than last
week until to-day, when a general decline took place. This
is true of nearly all the granger, trunk line, Southern,
Southwestern and some of the trans-continental stocks.
Owing to heavy transactions in a few issues, the volume
of business was somewhat larger than of late, averaging
over 550,000 shares per day. All the local traction issues
were decidedly weak in sympathy with a decline of nearly
40 points in the Third Avenue Railroad. Some of the
anthracite coal carriers showed a tendency to weakness,
which is not unnatural in view of their recent advance.
American Sugar Refiuing fluctuated over a range of 14
points
and closes near the lowest on uncertainty
as to the amount of its next dividend. United States
Leather preferred lost over 4 points on the publication of
its annual report.
The iron and steel issues were weak.
Pacific Mail advanced 3 points, subsequently losing a part of
the gain on the discussion in Congress of the Ship Subsidy
bill.
Consolidated Gas and New York Air Brake were
irregular.
.
,. ... ........ .
.
.
.
THE CHRONICLE— STOCK prices (2 pages)
416
Monday,
Saturday,
Feb. 24
•ie«
18
18
•61
96i<
55
•lek
18
•16H
68
•16%
18
•44
45k
20% 81^
63% 64k
60k 63
78k 80
65k 68«
63
March
Feb. 28
•44
46« J42H 42k
20J4
90H 8t«
6S%
68« 63
<^m 61H 63
7«h 78% 79Ji
78
67H 69H
Si.CS PRIOSS.
Friday,
March 2
Wednesday Thursday,
t
2'
Feb.
•i4
9096
•80
lowest
A.VO
Tuesda
Feb, 26.
1.
LXX
[Vol.
Stock Exchange— A Daily, Weekly and Yearly Eecord.
New York
STOaKS-HiaaEST
Page
46k
21k 82k
«8« 65k
81
78% 79k
64k 68k
55
18
•4 4
46k
82% 23%
63% 08
61% 63
79% 79%
66% 68k
62?<
•52
92
1.
•33
58
N.
Range for year 1900.
On basis of loo-sh're lots
Sales
of the
Week.
STOCKS.
Y. STOCK EXCH.
Shares
Lowest.
Range forpre9i~
ous year (1899).
Highest.
Lowest.
Highett^
Railroad Stocks.
•16%
18
•44
4"^k
AnnDoArbor
pref
Jan
18%Jan
68k J <n
65kJan
72%Jan
64kFeb
62 Feb
93 Jan
90%Jan
47%Feb
9l%Feb
1
41
22% Atoh. Top«ka & BanU Fe 41,629
Do
pref 157,106
65k
82
60% 64 Balt.40hio,vot.tr.certf8. 68,985
78% 79k
Do
i3,03(
pref
65k 63% Brooklyn Rapid Transit. 845,847
.
•63
66
96
Buffalo Booh.
A Plttibnrg.
100
•••••**»«t***
14
47
36
1
66 Var
64%Feb
80%Feb
14
77
28
87
18
Feb 10
83%>ar
17
Apr
May
19%Oot
48%Oot
Ma J
24%Fet>
60%Jan
1
98%Aae
43%J'ne 91%App,
67%J'ne 85%N0T
61 Dec 137 Apr
80
Jan 31
67%Jan 31
98kFeb 1
4 99% Feb 18
37 60%Jan 6
30%Mar 59 Not
Do
1,000
pref.
99k 98k •98k 97H 97% 97k 96
69 May 103 Dee
•98
98% 98% (Canadian Paolflo
800
99
•98k 99
84%Mar 99%Mar
47% 47% Canada Southern
1,200
48
47% 47% 48H 48k 48
46kDec 70 Jan
•92
650
•90
94
95
92% 9;ik 93% 95 Capital Traction
26 93 Feb 26
86 Feb 94 N»T
118
116 Central of NewJeraey...
910 115 Jan 6 119%Jau 2
117H 117"^ 117 117k 116k 116k 118 U7k •116k 118
97 Jan 126%N0T
10,730 28% Feb 26 SlkJan
29
29% 88% 89 Chesapeake & Ohio
28« 2H9« 28Vg 29
28Jt
2
33%May
31%DeO'
lai^ 122H 181« 122H 122k 183k 128H 184k 123% 124% 182% 123% Chicago Burl. & Qulnoy.. 69,640 119%Jan 10 127 Feb 7 114kDec 14 9% Feb
37
Chicago
•
'.*...
Consol.
•
39
37
39
39
Traction.
39
37kJan 2 39%J»n 16 35 Dec 68%Apr
•95% 86 Chicago* Hast. lUlnoU...
1,000 88 Jan 31 96 Feb 26
95
98
96
93« 93>« "94^ 96
»5k 95k 96
59% J an lOOkSep
Do
,...
128 130 122
pref.
120 Jan 17 184 Jan 5 112%Jan 132%Sep
8,416 ll%Jan 11 14%Feb 6
13% 14
18% 13% 18% 13% Chicago Qreat Western.
18« 13H 13?^ 13k
13k 14
10%Dec 20%Jan
Do 4 P.O. debentures
320 85 Jan 12 89 Feb 1
89
86
87H 87k •84H 88
87mi 186% 8rtk
•84?i 87
83 Dec 103kAu©
•75
77
Do
1,080
77
77
77
6p.o.pref."A"..
76%
76%
73 Jan 11 77%Jan 31
•74J< 7iH
77k 74k 76k
50%Jan 85%An«
Do 4 P.O. pref. "B"..
39%
610 3 5% J an 6 41% Jan 31
40
140
38M 30^ 39
3«k 39k S^k •38% 39% •38%
J'ne 44%Sep
aik Ohio. Indlanap. & LonlsT. 11,714 14 Jan 16 88%Feb 87 287%Jan
20
22% 21k 81k 21k 81% 81
20M 19k 2194 2i
19 Not
56 „^ Do
8,539 45%Jan 24 56 Feb 87
•50
54
6
54% S5k 53
pref.
32H 62H 56
54k 65
31 Jan
52%NoT
12 IH iaiT« 131% 122k 12l?il22k 181H 183
122% 123k 120% 182% Chicago MUw. St 8t. Paul. 67,275 115kJan 10 125%Feb 7 112 Dec 136%Sep
Do
40 169kJan 18 173% Jan 2 165 Dec 179 Sep
•171
172)4 •171
pref.
172k 171 17^k 171 172k 1171 171 171 178%
50U 158 Jan 1 164k Jan 8 141%Jan 173 Sep
•168 161
160
160
160
160 160
160
160
168 •160 16i Chicago A North Western.
pref.
198 Jan 4 199kFeb 6 188 Jan 210%8ep„^ Do
1065^107>4 ibeji io7k i07" i07k 107% 108% 107% 108k 106% 107% Chicago Rook Isl. * Pac. ie',9o6 104%Jan 9 lll%Feb 7 100 Dec 133%Jan
103
11a
Chic.
105
St.
160
•110
110
P.
116
•105
Minn.
116
115
115^ 11591
113
* Om..
11 6% Feb 27 123k Jan 31
91 Feb 126% Sep
170 180 170 IBO •160 180 160 180 160 180
Do
•170 180
pref.
172 Feb 8 173 Feb 14 170 Jan 186 Sep
•10% 11% Ohio. Terminal Transfer..
301.
11
11
•10% liH •11% 13
•11
•io« iiH
18
9 Jan
9 12%Feb 10
7%Jan 25%Mar
Do
•85
650 32 Jan 16 39 Feb 7
»3
86
36% 37% 36k S8k 36% 36%
pref.
35k 35k •81
31%Dec 56%Mar
4,710 5H%Feb 26 65 Jan
59
59% 59k 59% 58% 59% Clev. Cln. Ohio. 4 St. L..
59M 5»k 63% 69
59Ji
5
68M
4 2% Jan
61%NoT
103 lOBk 108 105k «105% 105% 1103 105% 103 Its
Do
•103
1('6
luo 106 Feb 17 10 9% Jan 6
pref
94 May 108 Deo
19
Cley.
20
82
1,050
23
Lorain
21
21
80
19
aOk
&
Wheeling.
14% Jan 10 22%Feb 20
120k
k
9 J'ly
16% Jan
1,200 46 Jan 2 60 Feb 19
58
58
pref.
58k 68k 57
„ Do
67k 58
57k 58% 57k •36% 67k
37%J'ne 4 9% Dec
Colorado Mid., vot. tr. otf s.
1,370
•«« 10k
9% e9<
10
10
10
10
9% 10
10% ICk
9 Jan
4
10%Feb 14
ll%Deo
5 Oct
87
Do pref. vot. tr. otfs.
730 21 Jan 5 27%Feb 14
27
•26% 37
87
i26M 8dH 26k 27
26k 26k 86
15% J'ly 87 Sep
9,996
t>H
5% 59*
5% 6k
6k Col. Sou., listed May 24
6% 6k
5%Jan 29
5H
8H
6M
6kFeb 28
8%Jaa
Sep
4%
43
Do
1,590 39 Jan 8 44k Jan 21
•i2% 43H •48
43
43
1st pref.
43
43
44% 44
do
44k 43
35 Deo 58%Mar
Do
1,630 14%Jaa 6 17% Mar 1
•15« 18
8d pref. do
17
17
17% 10% 17
16k 15k 15U 16?< 16
18% Deo 26 Mar
2,370 113 Jan 8 119 Jan
116^ 116% 116
115% 115% 115% 115% Delaware & Hudson
115k 116k xll5 115
3 106%Jan 136%Apr
el. Lack. & Western...
1,650 174 Jan 11 186 Feb 20 157 Jan 194%Oct
180^ 180H 181 183
180k I8uk 180k 180k 180% 180% 182% 183
•19^ 20k •19
•19% 30k 20
1,050 16%Jan 10 80%Feb 8
HO
19% 1
20% 19% 19% Denver & Bio Grande.
16%Dec 26%Apr
Do
3,840 66%Jan 10 73%Feb 7
72
71« 71% 7\U
71% 72% 71% 72
pref.
72% 71% 71%
63 Deo 80 App14
•14
800 13% Jan 15 16%Feb 7
14
14
16
15
14% 15k •14% 15% Des Moines <k Ft. Dodge.
•18h 16
12%Deo 83%Jan
700
6% e% Dul. 8o. Shore & Atl
HH CH
5% 6k •5% 6k &% 6k
5k &k
4%Jan 12
6%Feb 19
8 Not8 Apr
1,650 13 Jan 19 16%Feb 80
15« J5H 15k 15k 16k 16k 514% 14% 15% 16k 15% lt% EDO
pref.
7%Jan 17%NoT»
rle.
785
isi«
•18%
13
1»%
18^
ISk 1294
13
13
12% 12%
ll%Jan 9 13%Feb 9 10 Deo 16% Jan
Do
38
S7« 38H
88
3,976 31%Jan 9 38kFeb 27
3J>4
38
87% 38% 38
1st pref.
88k 38% •19
87%Dec 48 Jaa
20
1,000 15%Jan 10 20%Feb 9
80% „ Do
20
20% 20
80
20
2d pref.
199i 20
80k 20
15kDec 82%Jan
•47
674 40%Jan 5 48%Mar 2 36 Mar 46%Nov
48
48% 48% 48% 48% 48% 48k BvansT. & Terre Haute
47k 47k •47% 48
•91% 96
470 90 Jan 24 94 Mar 1 70 Jan 98%Sep
93
93
94
94
pref.
•91H 93
•91k 03
•91k 98
FDo
t.W.& Den. C, stamped
15 15 Jan 29 15 Jan 29
13
S13
14 Aug 35 Jaa
t. Worth & Rio Grande.
14 Feb 80 Map
•166% 168
166 168
156 lS6k 166% 156% 166 166k 156 157
3,638 156 Feb 26 174%Jan 3 142%Jan 195 Mar
Great Northern, pref
r'nB.4W.,deb cfs.
66
5 54 Feb 20 57 Jan 19
66
49%Jan 61% Jaa
Deb. ctfs. "B'
15
7
i'
6%Jan 3 7%Jan 22
6 May
9kOct
•32« 33% 33% 33% 34% 34% •34
690
34
34
Valley.
Hocking
34% 134
34
30%Jan 10 34%Feb 19 88 J'ly 87%Sep
63
Do
63
3,771
6i)i 63
63% 62J4 92% 62% •62% 63% 62% 62!^
58
pref
Jan 8 64kFeb 83 63%Dec 06%8ep
1118
113
113 113
1,230 110%Jan
112% 112% 113Hll3k 113% 118k 112% 112% lUlnols Oehtrat...
9 114kJan 25 106%Deo 132 Jan
*owa Central
2,360 11% Jan 12 14kFeb 17
13« 14
13% 14
14
1
14
13% 14
14
914
14
10%Mar 16%Ang
•49
Do
150
60
610 48 Jan 10 55kFeb 7 40 Dec 62%Auff
{50
50
50
'49
50
48% 48%
50
30k
•13% 14
"13% 14
13%
anawhaA
13%
350
14
Michigan...
13% 13%
14
10 Jan 2 lS%Feb 8
18% 13%
7%Jan 15 Mar
•18% 13
•12% 13
an. 0. P. & GnlJ, tr.reo.
12% 13
110
118
12
18% 12% •1«% 13
7%Jan 31 l2%Feb 19
•8
•3
•3
•3
•3
Keokuk St Des Moines
4
4
4
4
••••••
4
d
4
5%Feb
3 May
•15
•16
•15
15
15 17
17
Do
15
17
17
17
15 Feb
16 Feb 2
17
pref.
15 Mar 22%Aur
•81
23
•21% 83
400 20%Feb
21% 21H •81% 22
27 Jan 2 14% J'ne 24 Deo
21% 81% 81% 21% Lake Hrle & Western
•84
84 84», 84 84 •83% 84% 8ik 84% '83% 84?4
Do
86
100 83%Feb
87 Jaa 4 60 Jan 85 Dec
pref.
96^ 97H
96H
88« »89i •B7« 98k
48« iSH 48^ 48k
9S
•eo
»1« 93
-
^
.
^
.
St,
—
<
. .
,
.
*
Kpref.
. . .
•194
60
310
50
*194
50
210
810
64
194
•30
54
•194
810
64
60
194
•50
Lake 8h. & Mich. South,
Long Island
210
65
194
•48
810
55
81k 81k 80% 81?t 81% 82% 81%
82% 83% 81% 82H
98
9'^
93^1 96
92% 95
62% 95
98% 96k 93% 94
178« 174k 168% 174
164% 170k 165H 171% 167% 174k 168% 169%
•28
29
I!i9
89
27
28
2Sk 28% 27% 29
-27k 28k
•77
79
76 77 •76%
76
76
•77k
J?8% 76k
78k
11^
•11«
11% 11J<
11% 11% 12% 12% 12% 12% 11% 12k
3% 3Jt
3% 8%
4
4
4k *H
3% 3%
4
4%
•106
'106
U08
108
108
106
62'
60 63
68% 625U 80
68 63
81
62
6^%
63
•91
92
92
20
•16
62
16
•16%
•52k
51% 51k
32k
•10% 11
•38k 34
*4% 45k
•41
90%
98
20
•10%
10%
32%
44%
3i>,
•41
43
98
20
69
•H0%
10
53
93
23
59
10% 10% 10% 11
32% 33% 83
33
45
46% 45% 48k
41
48k 42
43k
46?t
41
•16
64
_
10%
33h
45%
43k
•92
2)
92k
16
55k
•53
10%
84k
46k
44%
10%
500
Louisville* Nashville...!
34,780
58,736
46,262
ManhattanBlev.,oonsol.
etropoUtan Street
Met. West Side Bl. (Chic.)
Do
Minneapolis
Do
93
20
66
Minn.
11
Mo. Kansas
reots...
Louis.
St.
St. P.
Do
970
200
.
* 8. S. Marie.
pref.
* Texas
700
400
3,000
28,316
1,250
pref.
Missouri Paciflo. ,..,.,,,,,
MobUe*
Ohio
187% Morris* Hssei
41
44
184k 187k 'i84k 187^1 184% 187% 184% 187% •184%lS7>s 184%
188k 133^ 130% 183
132
131k 188% 132% 133% 138% 134
•18% 13k
18
12% 18k
13% <12
•12
18
18%
13k
•74
•74
79
.0 79 72 79 74 79 74
79
82
•»d
35;.
32
35% •82
35k 32
35
36k 32
•181
133" 134" 138 135
132V, U32% 132k isa" iss'
138
•813 215
•811
211 815 9215 315 •812 216 213
218
83% 34^, 84
84% 23% 84% 84% 31% 33% 26
23%
31% 38V, 31% "33k 31% 33% 31% 38% 32% 33
31%
74-.
74
744 73i,
74% 75% 74% 75k 76
75% 74%
62% 53% 53
63% 53
.^^^ 62% 62% 52?;
62%
53?^
174% 73
74
74% 74k
74% 71% 74% 74% 74%
71k
T.
St.
79
1st pref.
Do
8d pref.
New York* Harlem
86%
N
T. Lack. * Western. . .
N. Y. New Haven & Hart.
N. Y. Ontario* Westerr..
135
815
84%
Norfolk
53
Nor. Pao. By., vot.
12
18,900
64,395
11,698
18,450
3,247
pref.
tr. otfs.
Do
74%
78
Feb 87
8
1
Feb 14 85%Dec 133%Apr
Feb 13 147 Dec 269 Mar
Feb 15 13%Aug 29%Nov
101
182
29
»2kFeb 14
13%Feb 13
4%Feb IS
9112 Feb
Jan
65%Feb
90%Jan
Feb
17% Jan
58
pref.
196%Jan 808 Jan
45 Dec 85 Apr
63 Mar 88%Oct
6
55 Jan 30
88%Mar
3
4 4% May
Jan
F.b
10 Jan
55kMar
10%Mar
31%Jan
38%Jan
34%Feb
47%Feb
15
60
1
•49% *6l'%
•88
•68
88
• • • .
-
183% 134%
49%
82
88
86
133% 133
•60
"2^
•8
•70
•87
80
94
18%
19
69
80
30
89%
60
82
"jjlk
•2
2k
72
72k
87
•80
63
89
66
138% 134%
1%
68
97
186
18% IS^a
5Sk i9^
a9k 30J,
2%
68
83
18% 18%
68% 59%
29% 30%
Bid and asked prices
j
49
80
60
88
65
133% 134
Bieeok St * Fu)
F— stock.
Istmort 4s 1950... J*J
B'way * 7th Ave— Stock.
Istmor 6s 1904...J*D
Sd mor 6s 1914
J*j
Obn 6s 1943— Sm Stock
B'way Surf 1st 5s gu .1924
Sd 6slnt as rental. 1905
Central Crosstown— Stock
80
65
133% 134%
49
88
65
133% 135
149
•88
•80
2%
75
85
18%
58%
S2%
•70
91
19
8%
78
91
19
60
lS2k
2
2
•68
•87
72
95
18%
18%
5S
59% 69
29% 30k 80% 80% 30
no sales were made on this day.
Less then
Bid.
Ask.
86
100
830
104
110
40
103
840
106
118
BxobI
ist.
116
104
866
lit
6s 1922
M*N {185
•n Pk N * B Rlv— Stock 19S
Oonsol 7s 1903
J*D 107
M
49% 49%
580
60
131
•2
•70
185
OUTSIDE SECURITIES
atreet Rallwuya.
NHW YORK CITY.
61%
117
106
880
130
200
109
Do pref., vot.
PaciQo Coast Co
Do Ist pref
Do 8d pref
85%Jan
73%Jan
8%Jan
89 Feb
9%Dec
S8%Dec
Pennsylvania
Do
sub. r cts
, , .
fall paid.
let pref., vot. tr ctfs
2d
pref.,
Railway.
voting tr ctfs.
1
.
.
Lex AvA Pav F 58-S«e 8tk Bioh
Ninth
Avenue— Stook
195
1
45kAns
ll%Deol 19%Jan
65
89
Mar 86 Oct
Dec 41 Jan
1360 Jan 9390
Mar
22%Jan
67
70 May
17JiMar
33%Feb 96
75kFeb 26
54%Jan 2
76kFeb 6
Jan
50%Jan
72%Jan
ei%Jan
48%Jan
68 Deo
81%Jaa
33
58 Jan
J'ne
57%Au«-
77% Sep
38 May 64 Not
84%Apr 90 Feb
68MJ'ne
49kMar
1
53
Jan
2
85
9
87kJaa
4
Jan
SejiNoT
38^ug:
74% Auk
100 shares.
vkQm).—S7 REET RAILWAYS, Jc
Ask.
Bid.
Chrl8t'p'r*10th 8t-8took 168
Col* 9th Ave 58-See Stock Bxob
Dry D B B & Bat— Stock
115
Ist gold 5a 1933... J4D 1115
Scrip 5r 1915
F*A 101
Bighth Avenue— Stock... 375
Scrip 68 1914
108%
4 2d & Or 8t Fer— Stock.
390
42d 8t Man* 8tN Ave..
68
Istmort 68 1910.. MAS 110
8d income 68 1915. J&J
88
14%Jan
19 66%Jan 2
68%J'ly 68%N0T
12 1 36% Feb 14 188%Jan 148 Jan
23 133ij«Feb 14
3 Deo
2% Dec
27
3%Jan 2
7%N0T
1
Jan
400 65 Jan 30 80%Jan 2
43 May 88 Jaa
5-39
90%Jan 2 94 Jan 8 80 Feb 100 Anc
1,120 17% Jan 16 19%Feb 21
16% Deo 85 Jan
eo.oso 49 Jan 9 60 Feb 24
48%Deo 68%Apr
26
Jan
9
30%Feb
86
28%Dec 38%Mar
15,590l
Do
pref
18% Reading, voting tr. ctfs.
68%
80k
Mar
72
Feb 88 189%Jan il88%Mk
9212kJan2w 9215%Jan 3 1198 Jan 9882 Apr
20%Jan 6 23kFeb 7 18%Jan 38%Mar
64%Jan
34',728 128%Jan
*700 i27%Jan
l%Feb
Peoria Decatur * Bvansv.
PitUb. Cin. Ohio. * St. L.
(Giveit at foot of 7 oonsboutivb
Street
50
99kNov
37%Mar
83 Dec 68%Apr
S3 Jan 58 Aug.
176 Jan 9187 Not
130 Deo 144% Mar
39
tr. otfs.
166
Oct 116 Jan
78 Aur
110
Or.RR.*N.Oo.TOt.tr.ofs.
••••••
Nov
17%Apr
9%8ep
83
Jan
Jan
6
96
860 9130 Jan 18 134
* Southern
33% Norfolk * Western
Do
74%
9200 Jan
47 Feb
Jan
91 83% Jan IP 9184 Feb
14,772 130%Feb 26 138 Jan
860 12% Jan 2 13% Feb
79 Feb 13 85 Jan
32 Jan 2 38 Feb
Central * Hudson..
N Do
T.Ohio. *
LouU...
133%
13%
97 Jan
47k J an
77%Jan
90%Jan
159% Jan
24%Jan
4,856 lOkJan
3,090
3%Jan
15 9104 Jan
2d pref.
Do
44% 45k
*
380
112
pref.
Mexican Central.
Mexican Nat'l tr.
Michigan Central
33%
3^;%
SI
.
r.4%
ist.
130
116
103
400
109
410
76
116
Seoond Avenue— Slock.
Ist mort 6s 1909. .M4N
.
Bid.
Ask.
19o
200
107% 108
Consol. 68, 1948.. .F&A 116
809
Sixth Avenue— Stock
Sou BouJev 68 1946.. J*J {110
Bo Fer Ist 68 1919.. A&O {117
Third Avenue— .See Stock Bxoh
58.1938 103
Tarry
W StP&M
RR 68
I8t
103
Yonkeis
88th * 29th St8 1st 5s. '96 {114
Twenty-Third St^ Stock. 393
J*J 106
Deb 68 1906
806
Union Railway— Stock...
89%
.
118
811
111
list.
109
107
116
410
108
Street
Dnlou Ky
Westohest
Hallway.
Bid.
'42.F&A
Ask
113
Ist 58'43..J*J ilOO
116
Atlan. Ave., 1st 5s..A*0 «107
Con 5b g 1931
AAO 114
Impt 58 K 1934. ...,J*J
99
B. B. AW. B. 58 1 933 AAO 9101
Brooklyn City—Stock.... 837
Consol 58 1941
J4J 116
109
116
100
104
289
117
BklynCroB8tn58l908 J*J 104
BklnHgtslsl 58 1941AAO 106
a'kyn Q Co.A Sub— Sf« St ok Bx.
list.
BklynRap.Trau.— See 8to ok Bz.
List
I
si t%
BROOKLYN.
.
111
.
«
Mar.
'
..
.
.
... .
THE OHRONICLE.-STOCK
3, 1900.]
prices
(2 pages)
STOOKS—SIQHEST AND LOWEST SALE PRICES.
Monday,
Feb. 26
Saturday,
Feb. 24.
49
88
•6
60
90
HH
46
•
•IB
16
10« 10«
•68
70
30
50
9096
•6
90H
6%
•16**
10
•67
•50
•89
46
16
13
80
39« aoH
6
90
•40
16
46
lOH
10
70
lan
Wednesday Thtirsday,
168H
34
im
15
1096
•60
•89
•6
•40
•15
90
16
16
••0
•40
16
83
35
80
68
3896
12« 12%
67H
16
16H
•80
40
74
25
50
lax 12M
89
3096
64« 64«
49«
4'»%
49i<
76
76M
75% 76^
6H 6«
20^ 20«
10% 10%
•e«
64
27«
18
61
369i
1396
6896
38«
3896
13>4
14
19H 16H
116^6
38
189i
5794
61
•20
•40
65
80M aoH
lOM 10T«
•54
55H
S7M 2794
34%
12K
30%
36
83Ji
50H
54
28
18H
61
10%
68H
3496
N. Y.
2.
•51
60
90
90
e«
10J6
100
57
68
46
16
1096
•100
88i«
•40
16
Friday,
March
•6
34
12« 12%
31
2996
am
16%
49%
1696
50« 59
68
25
60
20
•20
•40
85
60
•40
64
6iU.
50H xl8«
76% 76^
•6«
e% •6«
20^ 809< 30H
10%
1096 10%
58^ 63h •6394
27% 87% 37H
76
17H 18
5W
3896
1396
5896
58H 59H
17
61
6154
14%
59%
16^6
68>6
86
SO
64
7696
7
•6%
7
20% 20%
10% 10%
•54
65
66%
38M 27% 28%
17
17
17%
•61
850
950
pref.
* Duluth
Do
pref.
389< Southern Paolflo
Co
3,800
8,770
62
Lowest.
50 Feb 19
9096Feb 26
6)6Jan 4
86%Jan
49%Jan
16% Feb
38%May 66 Jan
15
32%Jan
70
37
43%Jan 27
Jan 16
6 Jan 23
80
2
Feb 2(9 Jan 24
68 Jan
11
Toledo
Do
& Ohio
43% 49M
74%
7396
23%Jan
56
20% 20%
pref.
Do
10% 10% Wheeling & L. B., new
5394 6394
Istpref.
Do
28% 284
2d pref.
Do
n)4 Wlsoon. Central, new
60
60
Do
pref.
iniRcellan's Stock*.
.
18
Oct
8%Dec 14%Feb
May 76%Jan
38%Dec 44%Jan
6%Jan 18% Aug
64
Jan
Jan
17
36
4096Ang
73%Ane
4496Jan 10
51)iFeb
7394Mar
2
455
e%Feb
2
77%Feb
7% Jan
1,810
3,970
19% Jan
38)6J'ne 51%Deo
e6%Deo 84%Jan
8%Jan
8% Dec
19 May 8 5% Apr
IS
Ans
7%Dec
87,oV6
15,399
Wabaab
7
•6^t
3
Nor
luo
1
May
10
14)40ct
40%Jan 5896N0V
12%Dec 2596Mar
17%ll"eD 14
242 Feb
117%Dec
3
135HJan
30 Jan 29 Apr
35 Jan 45 Deo
350 6* Mar 1 68%Jan
38 Jan 73 Ayr
118 Jan 141 Feb
136 Jan 2 139 Jan
pref.
...pref.
Jan
J'ne
9
44
90%Noy
7%Deo
88%Jan 106 Jan
27 May 44%No'r
Central ....
Do
6
21
31)6Feb 21
Jan
3%J'ne
66
Highest.
Mar
40%Feb 6
14% Mar 1
59%Feb 28
Twin
City Rapid Transit.
pref.
Do
Union Paolflo Rr
Jan
Jan
Feb
2
5
31
3
12%Feb
9)6JaQ
13% 13% Southern, voting tr. otfa.. 1)8,638 11 Jan
Do pref., Tot. tr. otf* 51,608 Sl^Jan
679s 58H
4,680 14^ Jan
16
16% Texas A Paolflo
324,431 45%Mar
45% 49
hlrd Avenue (N. Y.)..
26
50
Range for previous year (1899)
Highest.
Lowest.
600 50)6Jan
866 100 Mar
53,403 35%Jan
,
20%
10%
51
3,900
Paul
417
2.
for year 1900.
49%Jan
500
St.
lOOH
20
40
49% 60
74% 74%
40^
500
Louis BoQtliwMtem...
Do
Range
1,000
St.
30><
Page
On bcuisof loo-sh're lots
Shares
Do
1294
'100
3796
89)4
STOCKS.
STOCK EXCH.
pref.
6^
J. &0. III. TOt.tr. otB.
48 St.Do
lit pref
16!<
3d pref.
Do
10% St. L. & 8. Fr., TOt. tr. otf
69%
iBt pref.
Do
3494
2d pref.
Do
•44
•16J6
10J4
•68
100
Sales
of the
Week.
Rio Grande WMtaro
52
51
88M 3BH
18H
57%
57
59
90
68^ •67H 70
84
1.
•61
•88
8
46
lOH
VdH
28% 30H
18
March
Feb. 28.
Feb. 27.
38« 33«
34H 34^
•UH
60
Tuesday,
.
.
2194Jan
1 % Feb
485
9>^Jan
52 Jan
4,921
1,130
26 Jan
17 Jan
29><Jan
20V4Jan
605
47%Peb
53%Feb
'
55%F,b
Jan
45
Deo
64
3
21%Dec 32%Sep
13% May 21 Nov
7
45
Dec
59
81
3
Aug
130 111 Jan
§117 Feb 20 SIOS Jan 5119 Feb
•116 117 •115 '.18« 115^6 116^6 •115 116H 111494 116% •116 116 Adams Express
3,87U 12)4Jan
1096Dec 81%Maji
18 Feb 7
15
16
16
15^ 16^ 16
1694
merlcan Car & Foundry16H 15
16V6 15H
2,070 59 Jan
6(1
Feb 6 51 Dec 68968ep
62
e3>4
63
68
63
6194
Do
pref.
62H 62^ S63M 63)i 63
66U 31 Jan
30 Dec 46 Not
3 59* Feb
•33
31
34
34
133% 34 Amerioan Cotton Oil
33^ 33H •33>6 34
•33H 34
aiO 90 Jan
w4%Jan 23 88%Jan 97%Oct
193
94
94
94
•93« 91H 94
94
94
95
Do
pref.
594H 94H
100 24%Jau
33^Jan 22 30 Oct 52%Uar
•26
•26
31
31
•26
30
31
31% •26
Amerioan Dlstriot Tel ....
27« 87>6 26
27C §142%Jai.ll n49%Feb 2 133 J'ne 5160%Aa
Amerioan Express
IU7« 147« •148 148 1146 147 '146 147)^ 145 148 5145% 146)4
81 Dec 41%8ep
4,977 33)4 Jan 10 419tKeb IB
43« 48
43% i'iH. 43M 43% 4196 44% 41~ American Ice
43
43H 43
825 72HJan 5 78)4Feb
72% Dec 85 Sep
•75
•74
78
77
•76
78
77
74% 74)4
76
Do
pref
78H S78
8%J'ne 1696NOT
5,531 12%M»r
18)4 Feb
14
15
14
14
•13« 14
12% 14)^ Amerioan Linseed
1394 14H
13M 14
41)4J'ne 61 Deo
3,004 52?4Jan
60 Feb
66
66
56%
Do
pref.
•56X 57« 66;^ 56>6 659i 56M 5594 8696 56
8%Dec 37%Jan
3,86J
7%Jan
3)4Mar
6
6
6
6
3% 3% Amerioan Malting
6«
5%
'5H
•5Hi
•6X
21 Dec 87%Jan
31%Jan
1,990 23 Mar
23 24
22
22
24
22
23
24
34
84
Do
pref.
24H 85
3'j
Dec 59 Apr
4o%Feb
7,250 35%Jan
40% 39
3994 Amer. Smelting & Refining
3896
3996 39%
3996 40
38H 39% 39
77%Dec 94%Apr
3,380 «6 Jan
92 Feb
91
91
91
91
90
91
91
91% 90
Do
pref.
191
90H
24 May 4c96Nov
49,670 35%Mar
S0)4Feb
43<^
40
41
43
49« 39
86% 4196 35% 3796 American Steel Hoop
42% 44
710 79 Mar
70 May 86%Sep
86 Feb
•82
84
•88
84
79
80
81
84
79
Do
pref.
iS4H 84M 82
59% Feb IS 32 Dec 72 Mail
67% 66
58% 637/6 56% Amer. Steel & Wire (new) 78,90a 45)4Jan
51% 5696 57H 66H 57H 67
67
84 Dec 10e%Mar
4,788 89 Jan
95 Feb 1
92
90%
Do
pref.
91% 9194 9196 92% 90
98^ 92H
91Mi 91«
137)6 J an 4 ll4%Dt:o 182 Mar
110« lllH 103H 1109i 101% 10596 103% 10794 10" 107% 9896 10394 Amerioan Sugar Refining 465,740 9896Mar
115 Jan 10 110 Jan 123 Mar
1,026 107 Mar
110 112
110 110 110794 110% 107 108
108 108
Do
pref
95 92%Jan
)94 Dec 105 Apr
S 98)6 J an 13
•93
•93
95
96
96
96
«96% 95% 595
Amerioan Teleg. & Cable.
I94« 94«
20 Dec 52%Apr
6,220 27%Jan
36961 eb 7
8296 Amerioan Tin Plate
31M 31« 31M 31H 3194 3<% 31% 33% 32
31H 31
74 Dec 99%Feb
516 80%Jan
84 Feb 16
•81
•81
83
83
83
581
81)4
Do
pref.
I80H 80% 81M »1« •81
lll%Feb 14 1 78% Deo 229%Apr
146,845 94)6Jan
103 106
Amerioan Tobaooo
10494 10794 10696108% 10394 107
107H 108« 106V6 108
60 136)4Feb
140 Feo 15 121 Dec 150 Mar
1140% 140% •136 143
Do
pref.
81%Dec 70 Apr
7,170 38 Jan
4 8% Feb 8
44
44% 43% 4494 Anaconda Copper
43
42% 43
425< 4i96
4394
4194 4394
960
15
Feb 2 130 Dec 160 Mar
140 Jan
145 145 Brooklyn Union Oas
145 145
145 145
145 145 »145 148
145 145
9%May 2096Aug
1,725 10 Feb 27 1696Jan 25
ll« 12« 11 IIW 10 10
10% 10% 1094 11
runsw. Dock&C.Imp't.
1094 11
596Apr<
400
196Feb 26
19iFeb 24
DiJan
•1)4
2
2
l>6
•1)4
1%
196
196
]?*
196
2
Colorado Coal & I. Dev't
30%Feb 64 Sep;
8,480 40)4Jan 8 48%Feb 6
43
45)4
43
olorado Fuel A Iron.
i9H 42>6 4394 43% 439* 43% 4496 44
43)6
130
DeoJ
88 Jan
10 21 Jan 30 131%Jan 17
'125
•136
125
•125
125 •126 180
...,
1135
Do
pref.
6%Feb 21)48ep
350 15 Jan 8 18%Jan 31
•16« liH •16« 18%
17% 17)4 16% 18% •16% 17)6 Col. & Hook. Coal & Iron.
1696 17%
180
186 xl7H^182
176 181 ConsoUdated Oas (N. Y.).. 10,386 176 Mar 2 199 Jan 3 163 J'ne 223%Mar
181% 184% 184% 185
18SH188
20 Deo 6 3% Apr
20,009 39 Feb 86 38 Jan 3
31
29
SOH 8^
29% 30% 3094 319* 31% 3194 30% 31% Continental Tobaooo
71 De. 10 3% Aug
3
1,585 83% Jan 11 89)6Jan
84
84
81
84% 84% 84% J85% 85% 84
Do
8496
pref.
84)i 841^
800 94 Feb 26 94%Feb 27 63 Jan 101 Aug
94
94% 94% 949*
Detroit City Gas
150 101 Jan 3 13296Feb 28
9294Jan 120%Oct
119
Brie Telegraph &Teleph.
121K 12l><
39% Dec 75 Apr
37,095 4 7% Jan 11 57%Feb 6
62% S3H 52^ 63% 6296 6394 52% 63% 62% 54% 60% 52% Federal Steel
67 Dec 93%Apr
6,377 70%Jan 10 77%Feb 6
7ft
72
73% 7396 74
Do
73% 73
72% 74
72%
pref.
73H 74
95%Jan 132 Not
1,800 120 Jan 10 129)4 Feb 5
•126 128
125 127 General Bleotrio
125% 12694 126 186 125 127 •125 128
,..,,
37 Dec 78%Mar
2,070 47 Jan 2 58)4 Feb 5
52
62 Gluoose Sugar Refining.
64
51
50% 51H 5094 51
*E2
5196 5196 51
95 Dec 110 Jan
98 Jan 2 10196Feb 1
•98% 100
98% 100 98% 100 •98% 100 •88% 100
Do
pref.
•98M 100
97 Jan 117%J'ly
"iaio 112%Feb 28 11 5% Jan 11
112?4 111196113
112% 112% 111% 113 •111% 112)4 H. B.ClafllnCo
•lUH 113H
68)6Jan
17 Dec
890 20 Mar 2 25%Jan 3
32
33
20
122
22
2l% 22
20
22% '2i
{20
2194
International Paper
62%Dec 95 Jan
9 ';0%Feb rt
1,807 65 Jan
68
a7« 67« 6794 679* 66% 67)4 66
Do
6696
^rer.
6594 66% 6 5
36 Feb
9 Dec
•8
610
8 Feb 26 10%Jan 26
9
•7%
8
8
8
9
iDtemationoi isuver
8
8
8
8%
8
30 Dec 6 3% Feb
30 Jan 2 40 Feb 13
3-j
•82
•30
•32
82
38
33 38 •33 88 KulckerDooker loe (Chio.)
38
38
70 Nov 84 Feb
66 Feb 8
10 66 Feb
•60
67
68
68
68
70
68
i»o
«67
pref.
'•70
51 Mar 86 Deo
80 Jan 5
73 Feo
•75
74
77
74
74
75
Laolede Gas (St. Louis).
86%J'ly l02%Ma7
100 Jan 4
96 Jan
,, 101
•96
101
101
101
Do
'...... 101
101 •
pref.
39 Apr
5 Jan
6)4Jan 30
6)4Jan
•7
•7
10
•7
10
12
10
10
10
Manhattan Beach Co
40)<Feb 7
31 Dec 62 Jan
466 35 Jan
136% 36%
36
38% 53696 3696 36% 36% 36% 86M National Biscuit
86H •36
96 Feb 7
89 Dec 107%Jan
41 »0%Jan
•
•90
90
•90
93
93
93
90
Do
593% 93)4 193% 98M
pref.
22%Dec 40%Jan
•24% 26
1,490 2i Feb 27 28)4Feb 6
25 National Lead.......
!.4% 24%
23
8496 123% 33%
23% 24% •23
328 104 Feb 27 106)4Feb 20 10S%Dec 115 Jan
•104 106% 110394 10391 104 104 il05 105 5105 105 103% 105
Do
pref.
8%Jan
2 J'ly
3)4Jan 10
3)4Jan 10
Nat. Linseed Oil, tr. oertf s
9 Oot
4%Mar
National Staroh
,,,
70
Oct
43 Apr
Do
1st pref.
13 Mar 26 Oct
Do
Sd pref.
31%Dec 63 Apr
53)6Feb
46,241 40 Jan
46% 47
45 National Steel
45% 47)4 4594 47)« 46% 47
47
42
44
85 May 9996Ang
97 Feb
96
96
1,623 92 Jan
95
95
94
Do
9-JH
96
94% 95
pref.
94% 94% 96
42 Jan
36 Oct
86 40 •36 42
•36
42
•36
•36
•36
40 NewOent.Coal (new stock)
42
41
110 Dec 330 J'lfv
120 130 •120 126 120 125 125 127
8,800 120 Feb 87 138 Jan
127 N. Y. Air Brake
126
128 123
6%Jan 1796N0V
8,785 1396 Jan 33 15)6 Jan
14% 14% 14% 14% 14% 149f
15
1494 15)4
15% 14% 16 North American Co
6 Mar 10%Apr
•8
7%Jan 4
9 Feb
•8
10
50
•8%
•8
9
•8%
9
Ontario Silver
i8%
8%
9H
35 Dec 55 Jan
10,830 S596Feb 19 47%Jan
36% 37
38 Paolflo MaU
3696 39)t
98% 40
37
38
37% 389t 38
90)4Deo 129%Apr
98
99
eop'l'sGa8-L.&C.(Chlo.) 94.282 04%Mar 2 10996Feb
98
97% 999* 98
1009*
91% 98%
99)i
9894 101%
44%J'ne 61 Aug
1,400 54%Mar 2 58% J an
6596 65%
54% 5496 64% 5494 54% 55)4 •54% 5594 54)6 54% Pressed Steel Car
75 Dec 91 Sep
610 85 Mar 2 88)4Jan
87
87
!87
87
85
Do
85
86% 88)4 86% 86)4 85
87
pref
156 Jan 207%Oct
•187 188% I18B94 189
715 183 Mar 2 189%Jan
'183
188 187
PnlUnan Company
187% 185 187
183 186
16%Oec 33%Sep
7,400 1996 Jan 15 27)4Feb
82% 83
22% 23% 2894 23% 23
23)4
21% 223)4 T> epubllo Iron & Steel
8296 2396
60)6Deo 79 Aug
69
2,110 64% Jan 18 70%Feb
iS9
68
Do
68
67% 6796 68
68
pref.
67% 68% 67
66 Apr
6896Dec
5 9% Jan 16 59%Jan
•5994 6094 •5994 6094 •6994 6094 5994 6091 6994 609* •59% 60% Sliver Bullion Certlfs.
6%Sep 15%N0T
7%Feb 20 10)4 Jan
•7%
310
8
8
8
8
58
7% 7^ tandard Rope it Twine.
794
H
36 Jan 126 Sep
32,770 79%Jan 11 104 Feb
98% 95% 8794 93% 90% 93
01
94
93% 9694 80% 83 Tenu. Coal Iron A BB
111 Jan 160 Aug
5 §160 Feb
§155 Jan
Do
pref
17%Dec 45 Mar
21 Jan 30 25 Feb
i',9*35
22% 88)4 22% 23% 82% 2294 38% 32% 83% 22%
33% Union Bag & Paper ....
71 Dec 80 Mar
•76
77% Feb
375 73%Jan
77% 7696 7696 •76
Do
77
pref.
77)6 ;77
57796 7796 •75% 77%
60 Jul
{45 Dec
•46
56 46 Feb 21 §49 Jan
i48a 48
48
47
United States Express.
148
48
46
147
47
547
48
12 Nov 58%Sep
Unit. States Flour Milling
12% Feb 33 13%Feb 83 12 Dec 78%Sep.
Do
pref.
5%J'ne 40%NoT
*1294"l3% "l2%"V3%
78,730 1096Mar 2 19 Jan 3
United States Leather.
12
1096 12
1096 13i<
11« 12)4 11
84%N0T
64)4 Dec
74
74
18,014 70 Feb 28 77 Jan
Do
pref.
71%
72% 74
70
73
7396
73% 71
71% 71
37%Dec 57 Apr
32% 32% *32i4 34)4 31
8,155 30 Feb 16 44 Jan
83 United States Rubber. . .
33
32
34
33
33
99%Dec 121 J'lT
•92% 95
882 90 Feb 27 104%Jan
•98
Do
pref
95
95
90
93
191%
«95% 85% •92
181 J'ly i205 Oct
§183 Jan 3 185 Jan
Palace Car...
Wagnei
120 Dec 135%8ep
•133 128 •123 128 il22
851(128 Feb 27 §129%Feb
133 128 '122 128 5185 125
eUs,Fargo&Co
122
82 Dec 98%JaA
83% 84
83% 83)4 80% 8394 81
8296
82% 83% 81% 88% Western Union Telegraph 27,8001 80%Feb 27 88%Jan
•?
J^
9m
'
1%
. .
.
Ul%
7
7
7
7%
7%
.
I
. .
* Bid and asked prices;
no
sales
on
this day.
OUTSIDE SECURITIES
Street Railways.
Oal.Cem.Gr.&B'kynlBt
Ooney Island &
1st 5s 1903
Bid.
s
Sill
Brookljrn.
J&J
101
101
B'kC.&New 5s'39.J&J J114
Or.Bt.&New l8t58'06A&O 104
O'p't & Lorlmer St. Ist 68. 108
Kings Co. Blevat Stook
Es certf 8 indbtl803.J&J
'noomes....
New
Ask.
112
385
88
4s.,,.,,
A&O
J4J
77
108% 109
83
86
••••••
Less than 100 shnres.
t
(Giybn at foot of
Street Rallvraya.
NewWmb'g&Fll8tex.4%8
NY& Qus Co 58 1946. A&O
8telnwaylst6sl823.J&J
103
116
,.
Nassau Kleo pref
581944
1st 4s 1^48
1
OTHER
Ex 100
7
p. o.
stook dlT.
ooksboutivb va.q35).— 82 RB:ST
Street Rall'way.
Bid.
Ask.
105
107
Cleveland Klectrio
117%
Con 5s 1913
Columbus (O) St By
{i'le"
Ry
. .
Bid.
90
106
23
.
M&8
81%
Pre f erred
CITIES.
Brldgep Tr-lst 5s •23.J&J
U06
RR—
M&N
103
117%
114
280
87
100%
106)4
Bid. AtiL,
Street Railways.
Lynu&Bos-l8t5s'24.J&D {112 116^
Metrop W. 8.(Chic).— See St.Bx. List,
Minneap 8t Ry-5s 'le.J&J .......
83% New
Orleans
aty By
36X
101% 103
Preferred
...
Con 68 1932.— Se« Phlla list.
Crosst'wn— 1st 5s
5109% 110% North Chicago— Stock..-. 223 285
104%
1906-16
J&J
Ist
58
101
Kansas City El 6b
..••••
Bonds 48
5 84
85% North Jersey St.— Stock. 27%
83
Bonds
Lake St (Chic)Blev-Stock
11%
deb 6b 1928
J&J
•• 89% No Shore Tr (Bost)-Com:
Preferred
Louisv St Ry— 5 p bonds 116% 118
116
?rov & Pawt'ck-lst 6b '33 ni3
68
60
Common..
••••...•
i Bnver p«.v a'ornert
110
Preferred ......
.
Buffalo Street Ry— Stook. 100
1st consol 5s 1831. F&A ni6
1113
Deb 6s 1932
Stock.. 275
Chicago City
Indianapolis StreetRy.... ••••••
99%
Cleveland city Ry
Cleve Clty-lBt 5s '09.J&J 105%
Ask.
91
107
37
RAILWAYS, Jc
>
1
.
BONDS
F.Y.8TOCK EXCHANGE
Mar.
Wbek Eiromo Mae. 2.
Alabama Cent.
See Sou Ry.
labama Mid Istgng. 1928
Albany ASnaq. SeeD&H.
Allegheny VaL See Penn Co.
I.
Se«CenofNJ.
93
Sale.
92H
lOlJ^ Sale
lOOJi
1995 A-O
Adj UBtment g4s
68 Sale
1995 Novt
Registered
1995 Novt
Bquip trser AgSs
1902 J-J
Chlc& StIi0Ulst6B..1916 M-S
Atlan & Danv See South Ry
Atlan & Tad. See South Ry
Atlanta & Char. See Sou Ky
Austin &NW. See. SoPac,
Creek & S. See Mich Cen
Bat
alt & O prior 1 g 3)^8.1925 J -0
94% Sale
Registered
1925 J-J
A-Ot
Gold 48
1948
1009^ Sale
Registered
1948 A-Ot
Southw Div Istg 31^8. 1 925 J-J
89 Sale
Registered
1925 J-J
Monon Riv Istgug 58.1916 F-A 106
Cen Ohio Rl8t eg 41^8 1930 M-S 105
WVa&Pl8tg58
87
1990 A-O
Beech Creek. SeeNYC&H
Bel
& Car.
93^
lOlM
82k 619
81«
90
799iDec'99
.
95
120
100><
lOOH
803
S9H
&9H
56
HiH
ill
J'ne'99
Extension 4s.
Bway&7thAv. SeeMetSRy
L Isl.
See
124
Buff&Susq
.
niQi^ 119"
CRIaF&N. SeeBCR&N.
M
Centof
N J-lst conv
General gold 58
Registered
Convertible deb 68
1 987
Feb
lOe^i^ Sale
107H
lllJi
J'ne'99
\H9i
'00
1249(
. .
106W 109
US 116k
OH Feb '99
Jan.'99
.
Mil
If lOBiii l'>7><
loevi
i09
2.
J-J
• •
• •
I
LS&W Istg 68... 1921
86
90
'
89^
Oct.*
Oct.*
Oct.*
35
1987 Q-Jt
1908 M-N
91
Jan.'OO
Jan.'00
120
M-K
M-N
J-J
87k 88H
88yi Jan.'00
87
F-At '118
F-At
Sale
Sale
4«
91
91
120
120
88?<
90
9794 Oct.'99
95
32^
»«
7«
82k
7
»k
35
ICH
6
since
U4k
111
F-A
108
F-A
M-N 110 Sale
Q-N
A-O 117 .,...
A-O 116 118
A-O 109%
A-O
M-N
M-N
A-O '116 119
A-O
M-N
121
M-N
F-A
J-J
A-O
M-S
M-S 109
M-S 109
M-N
M-N 138?^ Sale
110
1239i Bale
122
96
Dec '99
102
J'ne'iJ9
96
J'ly'98
110
123
119
Feb '00
183%
Jan.'OO
112)^ Mar'9e
114
114
Feb'OC
gug58.'20 J-J
Leh & B C con as 78.1 900 Q-MII
100
100
Feb '00
6s
1912 M-N 100«
103
Feb '00
Cent Pacific See So Pac Co
Charles & Sav Ist g 7s.. 1936 J -J 103
...,
Ches&Ohio—G6sgerA.1908 A-Ot 116 119k 116
116
Gold 6s
,...1911 A-OTT 119^121
ll9Ji
11914
Ist con g 5s
M-N
1939
IIBH I18k 118H
Re^ istered
1939 M-N
117 J'ne'99
Gen gold 4)^8
1992 M-S
96
96^ Sale
98k
Registered
1992 M-S
97J< Aug'99
Craig Valley Ist g 58. 1940 J-J
May'98
96H
R & A Div Ist con g 48 1989 J-J 102^ Sale lOlk 102k
2dcong48
1988 J-J
99
99 Jan.'OO
Warm Spr Val Ist g 58 1 94 M-S
lOlH Apr'99
Bllz Lex & B S gn g 58.1 902 M-S
103
103
'102§i 105
Chic & Alton sink fd 68..1903 M-N
109 J'ne'99
liOu & Mo Riv Ist 78 .1900 F-A
103« Oct.'99
Sd7s
1900 M-N
106% Feb '99
Miss RivB 1st sfg6s..l912 A-O
Chic Bur & Q— Con 7s. .1903 J-J 112 113
112k
^ U2k
Sinking fund Ss
1901 A-O 102%
101 .Tan.'CO
Chic & Iowa Div 58
F-A
1 905
105
Aug'OO
Deny Div 4s
1922 F-A 101
1009iFeb'00
Illinois Div g 3^8 ...1949 J-J
104
Bale
108% 104k
Registered
1949 J-J
Iowa Div sink fd 58 ...1919 A-O 115k
118« Sep.',
4s
1919 A-O I05k
105% Feb' 00
Netraska Bzten 4s. .1927 M-N 111 112
1119^ Feb '00
Registered
1 927 M-N
lllkJ'ne'ee
Southwestern Div 48.. 1921 M-S
103 Jan. 00
102M
Convertible 58
1903 M-S 124
123k Feb '00
Debenture 58
1913 M-N
110k 110«
Han & St Jos con 6s... 1911 M-S 121
120 Nov'99
OhIc&BIll. I8t8four6s.l907 J-D 113 114
113% Jan. '00
Small
190 J-D
litconges
1934 A-O 135 137
137 Feb '00
Gen con Ist Ss
1937 M-N 113J4 114
113^ 114
Registered
1 937 M-N
Nov'98
Chic & Ind C Ry Ist Ss 1936 J -J 105" I.'"' 103k
107
107
Obloago & Brie. See Erie.
Ch In & Louis— Refg 68.1947 J-J
116
114 Feb '00
Refunding g 5s
1947 J-J 101 102
103
108
liOUlsvN A&Chl8t68..'10 J-J
lis Jan.'00
Chic Milwaukee & 8t Paul—
& St P— 1st 78 $g R D.'02 J-J 167)*
167 Jan.'00
1988
1st 48. .1 905
.
16 11296 114H
8 109
lll9i
11796 1179<
118% lit
121%
14 118
UOk
1905 J -J
1905 J -J
Eeok & Des
1st Ss 1 923 A-O
35
Small
1923 A-O
10k Chio & St L See Atch T & S Ft
M
ChicStL&NO. Se« 111 Cent.
Ch ic St L & Pitts. See Pa Co.
Chic St P M
O con 68. .1 930
Ch St P & Mln iBt 68. .1918
ifc
109k
105
11896
1179i
121
Le&Hud Rgen
W
,
.
Cairo Div Ist gold 48. 1939
DlT Istg 41.1991
01»W
.
10 101
99
15 101
AM
103
99
BtLDlvl8tcoltrg4s 1990
Registered
1990
Spr ,k Col Div 1st g 4b 1 940
Val Div Istg 4b. 1940
CIStL& C cons 6s.. 1920
103
WW
.
.
Istg
UOk
.
101
112k
101k
lOoii 102
47 1009^ 1949^
108 105%
108« 111%
. .
1936
4s
Registered
1936
Cln B A CI oon Istg 0s.l928
CC C&Iconsol7s ...1914
Consols f 7i
1914
Gen consol gold 6t. .1934
Registered
1934
C&S 1st C C & 1 7S.1901
Istpf 5s... 1938
120
M
OInd&W
Peo & Bast
lit oon 4s. 1940
Ineome4A.
J-D
J-D
J-J
J -J
A-O
vs
1990 Ai»r
ClLor* Whoon 1st 6». 1933 A-O
102 102
Clev & Marietta. See Pa RR.
120k 123k Cie V & Mahon Val g 5s. 1 938 J-J
139
124
140 Dec'99
140k Dec'99
105k Feb'97
112 Nov'99
132 Jan.'00
134
130k Jan.'OO
1061^
106k
105% Feb '00
Sale
96
83
113% 113%
136
112
188
114
107
107
1938 gc-j
Registered
Clev & Pitts. 8t« Penn Co.
Col Mldl'd— 1st g3-3-4s. 1947
1947
Istg 4s
1929
Col & Sou 1st g 48
gol*9thAv. 8m Met St Ry.
Oolum & Greenv. See So Rv.
5
11896181%
"lO
ioSk 103%
120 130
139%
SO 138
3 lfti9i 136
180 138
127 131
69 103k 106k
105% 106%
135
135
140
135
131
Feb '00
Mar'99
188
185
186
130k
92k
106
120
100
99k
103
120
130%
10
83%
35
130%
92% 95
127
Oct.'99
Feb.'00
J'ue'99
Jan.'00
95%
94
25
96M
96%
98
101%
108'
180
180M
Nov'99
130% Jan.'00
Feb*'*89
88
28
108
29
108
130
88k
84% 68%
89%
33
2U
1
25
too
108
ISO
IC
128
180
70
74
104
68
70%
73
82k
83k
131
68
60
89%
Sale
Sale
Sale
108
J'ne'99
131
108%
108
113% 118%
95k Feb '00
102% Feb'OC
89 May'99
88
120
Aug'99
103% Oct.'97
113% Jau.'00
97
118
Oct. '99
95k
A H Val. See Hock Val.
Conn & Term. See N&W
Conn & Pas Rlvs 1st g 4s. '43 A-O
i>sk&Gt8o. SeoCM&StP.
i-** alias & Waco. See M K&T.
Oal Lack & Western 7b..1907 M-8 185
117**
114
104kATig'99
63k
109k
il6k
113
118k J'ne'99
138k J'ly'99
73
107
Deo '99
104
69k
116
110
Feb'OC
Sale
Sale
Sale
116
109
Sep.'99
113
88k
110%
114
94%
28
109
110
47 105%
98k May'99
.
108k 111
10
Jan.'00
13896
124
>l-N
ii-¥b
103k
Nov'99
117k Feb '99
114 Aug'99
110 Nov'99
J -D
J-J 95k
J-J
M-N 101k
M-N
M-S
J-J
M-N 108
U0%141k
108k 110k
108% 110
121
103
113
95k »8k ClAk&Ceq&2dg68...1930 F-A
C C C & St L— Gen g 48. 1993 J-D
160
lie
12s
109
Feb '00
Feb '00
Mar'99
Feb '00
Dec '99
Feb '00
Feb'98
103k
.
.
119%
117
118
122
119kDec'98
Chic Ter Transfer g 48. .1947 J-J
62%
Ch&Westl Istsf g6s..l919 M-N ICSk 108
iVs" 114'
General gold 68
1932
Chic &West Mich Ry 6e.l921
98 lOOJi
Coupons off.
1921
Choc Okla & G gen g Ss. 1 9 1 J-Jd
100k 103
103k
Cln H & D con s f 7b
1905 A-O
2d gold 4k8
1937 J-J
Cln D & 1 1 St gu g Ss. 1 94 M-N 110
115k 116
118 119!^ CIStL&C. SeeCCC&StL.
115k 119^ Cin S & C. See C C C & St L.
Clearfield & Mah. Se« BR.&P.
Am Dock & Imp Co 58.1921 J-J
19 11796120
Sep.'99
1059i
Nor Wisconsin 1 st 6s.. 1 930 J-J
StP&SCityl8tg68..1919 A-O I30k
110
110
48 117kl25
116 119
11796 11796
111% 111%
Nov'98
103
120
116
110
83k
. .
110
10996
11496
127% 187%
liO% iioS
166 1673
'00
106% Feb "99
J-J
J-J
Extension 4s
88k 01
Feb
110
Bale
F-A
M-N
I-J
1917 J-J 1 28
1988 J-J 108k
Registered
General gold 4s
Registered
1.
Low. High
105k Feb '98
,,,,1911
& Pac— 6s 1917
,
Des M & Ft D
I8t2k8
1
98
118
Jan.
HI
Mich Div 1st gold 6s 1924 I139
AshlandDivlstg6sl925 M-S 139
Incomes
Chic Rock Isl
'
Last Sale.
114J^
•«
J-J5 Ill
Q-JS
J-JI
J-JJ
Convertible deb 5s.. 1907
J-D
M-N
Bangt
Ask. Low. High. No.
Eit&Imp8fg58...1929 F-A 124
107k 109k
9
Jan '97
106
.
Des Mo & Minn 1st 7s. 1907
Escan & L Sup 1st 6s. .1901
Iowa Midland Ist 88.. .1900
Mil&Mad Ist 6s
1905
North Illinoi8lst5s...l910
Ott C F & St P Ist 58 .1909
Winona & St Pet 2d 7b 1907
Nov'99
105
J-J
J-J
1946 J-J
7s. 1902 M-N
Mobile Diy IstgSs
\.2i9i
11
.
Central Ohio. See Bait & O.
CenRR & B of Ga— Col g 58'37
Cent of Ga Ry— 1 8tg58.1945
Registered
1945
Consol gold 58
1945
Registered
1 945
Ist pref income g 58 ..1945
2d pref Income g 58 ... 1 945
Sd pref income g 5s ... 1945
& N Div Ist g 58
1946
Mid Ga & Atl DlT 5s. .. 1 947
Apr '97
109
109
109
ll6)-iFeb'00
Sale"
Carb & Shawn. See 111 Cen.
Car Cent. See Seab & Roan,
Carthage & Ad. SeeNYC&H.
Cen Branch U P Istg 4b.1948
103
129
100
109
.
.
niM
111
108J<
Cl&Mahl8tgug58...1943 J -J
Boch & Pitts let g 68. .1921 F-A 128
J-D
A-O
A-O
BurCR&Nlst5s
1906 J-D
ConlstcfccoltrgSs
1934 A-O
Registered
1934 A-O
C R I F & N W Istg 58.1921 A-O
M&StLl8tgug7B....1927 J-D
Canada South 1st 58. 1908 J -J
2d 58
1913 M-S
Registered
1913 M-S
. .
.
. .
Consol lBt6
1922
Buff & Southwest. See Erie.
Ist gold 58.. 1913
Registered
1913
.St
LXX.
Week
Range or
.
.1886-1926
.1886-1926
Gen Gold 3k8
1987
Registered
1987
Siuki;jg fund 68. 1879-19^9
Registered
.1879-1 929
Sinking fund 5s.. 187 9-1 929
Registered ....1879-1929
25-yeardebenture58..1909
Registered
1909
30-year debenture 58.. 1921
Registered
1921
Sinking fund deb 58... 1938
Registered
1938
Registered
M
Bklyn & Montauk.
Price
Friday,
. . .
See Illinois Cent.
Bridge. See
K & T.
Bmns& West Istg 48... 1938 J-J
Buff N T & Brie. See Brie.
BuffR&PgengSs
1937 M-S
Debenture 6b
1 947 J-J
»-.2
Mar.
[Vol.
1.
J-J ..., 120k 1175i Jan.'00
J-J 120 ....?. 117 Dec '99
78«
J-J I 19k 120k 119 Jan.'00
120
J-J 120
W
120H
11496 Feb' 00
J -J •114^
J-J 133 ,,
137k J'ly'99
127% Jan.'00
130
J-J
110% Jan.'00
5s
1910 J-J •110k
lBtI&;DExten78
1908 J-J •167k
167k Feb '00
11796 Feb '00
lstLaCrosse& D 58..1919 J-J n7k
11 Ik Feb '00
Mineral Point Div 58.. 1910 J-J 110%
Ist So Minn Div 68
120
92« 95%
11991
1910 J-J 119k
Ist Southwest Div 6s.. 1909 J-J U8k
120k Sep.'99
971^ 101
Wis&MlnnDiyg 58. .1921 T-J
120k 119k lJ8k
118 Jan.'OO
Mll&Nol8tML6s...l910 J-U llfl
122 Feb '00
87
1st consol 68
90k
1913 J-D 122
Chic AN'west— Con 'r8..1915 Q-F 141
141k Feb "00
110 Jan.'00
Gold 78
1902 J-D 110%
UOkFeb'OO
Registered
1902 J-D 110%
98«
99
'00
Feb
99
Kegtstered
34
331
Page
Bid,
Chic Milw & St Paul (Con)
Terminal gold 5s
1914
Gen gold 48 series A. 1 989
Registered
1 989
Gen gold Sks series B.1989
94
Registered
1989
lOlH
Chic& L Su Div g 5s. .1921
99
Chic & Mo Riv Div 5s. 1926
Chic & Pac Div 68
1910
83J<
Chic & P
Ist g 58. 1921
Dak&GtSog58
1916
Far & Sou assu g 6b.
1924
1st Hast & D Div 78.. .1910
102^ 1029i
'00
. .
Ann Arbor IstK 48
1995 Q-Jt
AtchT&SFegen gig.. 1995 A-O
Boonev
High. No.
1029i Feb
08
.
.
I
8^'
since
Last Sale.
A.sk Low.
Bid.
M-N
(5 pages)
BONDS.
N.Y. STOCK EXCHANGE
Jan. 1.
Week Ending Mak. 2.
Low. High
Range or
2.
PKIOES
Range
Week's
Price
Friday,
J
9
1
THE CHRON1CLE.-B0ND
418
Am Dock &
N
11
Col
<3a\
111k 114
10«
US
103
113
M
126k J'ne'99
136 148
141 Feb '00
167 167
Morris A Bssez 1st 7s. 1914 M-N 140
£ gold R D... .1902 J-J 167k
1871-1901 A-O •I07k
107% 107%
7s
107k Feb '00
IstC&MTs
1903 J-J 167M
189
189 18B
1915 J-D
189 Jan.'OO
Istconguar 7s
167k Jan.'OO
166k 167k
Chic Mil & St P con 7S.1905
J 167^169 167?gFeb'0(i
1«'S
J-D
140
18'7'>«
RoBlstered
Oci.'»b
169k
V*9rloe Friday; latest bid uidMksathUwMk. tBoadsdaeJalr. tbasNoT.IDaeJane. lOaeJan. IDaeMay. aOptlo«s«lM. t>Oa«Aa«. e Dae April. dDaeOot.
1st 78
OUTSIDE SECURITIES
atreet Railwgyw.
Bid.
Eoohester Ry
16
Oon 5s 1980.,..,..A&O 5107
8d Ss 1933
J&D 67
So Side Bl (Chlo)— Stock.
SrraouseRap.Tr., Ss, 1946
union Trao (Chlo) Com..
Preferred
United Rys (St L)— Com.
as
Preferred
77
90
On'd Tr&Bleo(Prov)-8t'k 109
WMt Chicago ei
110k
Oon l«3«
M*N 108k
Ask.
20
109
89k
ICO
i
U
85
77k
80
80
98
118
111
104%
(Givek at foot of
Gas
SecurltlgB.
Bid.
iVoroester (Massj'l'r-Com
28
Preferred
NEW
N.
105
FORK.
Cent Union Gas— 1st 5s
Con Gas (NT)— Stock—
Deb Ss 1908
M&N
Bquit Gas
Ist 6s 1899
F&A
Con. Ss 1932
M&8
Mutual Gas
Amsterdam Gas, Com.
Pref
1st oonsol 5s
no4
YStk
98
116
noi
?116
885
8494
{
46
97
7 coirsECUTiVB
Ask.
31
106
108
Gag
pa6tss).—9AS SECURITIES,
Secnrtttew.
NY Elec Lt Ht * Pow— N.
(Jold 58— See N. Y. Stk.
N Y & Bast River Gas—
1st 5s
1944
BROOKLYN.
Ask.
Exoh
Gas
Exoh. List.
J&J «107
J&J
Consol Ss 1945
Bxota
Nor Un Ist Ss 1927. .M*N
100
Standard Gas— Ckimmon.
119
Do preferred
102%
M&N
119
1st Ss 1930
300
36
47
98
Bid.
Y.Stk.
103
94
110
186
116
Brooklyn On Gas— N Y St oak B
1st oon 5s— N Y Stock Bxoh.
Williamsburg Gas— 1st 6s noo
110
104
96
125
160
118
xota.
SecurltlDB.
OTHER
<&g.
Bid.
Ask
CITIES.
Baltimore Consolldat— Se «Balt. Ust
Bay
State
Gas—
1%
^^
Boston UnltedGas Bonds- -Boito nUsk
8
Buffalo City Gils— Stock.
6
78
i
Ist Ss Bonds
Ohloago Gas— S«« N Y Sto ck Bx oh.
Oloero Gas Co Ist 6s
198" 198%
Cincinnati Gas & Coke. .
{And
Interest
tPrioei por th ares
Mar.
A
1
,
.
THE CHRONICLE -BOND
3, 1900.]
Price
Friday,
^ 2
BONDS.
N.Y. STOCK EXCHANGE
Week Ending Mak. 2.
DelL&W{Con)
Mar.
182^
'120
1906
B«Klitered
116
,,,1906
Quar gold 6i
1906
• • • •
Beglitered
•149
1921
B«ni A 8ar lit7i
1921 !>I-N
Beglitered
Del RlT KB Bge. 8e« Pa RB.
•103 104
Den A BGr lit gold 7i.. 1900
98
1936
1936
litoongi^i
Improvement gold 5i.l928
•ei M A Ft D. S«e C R & I P.
.Tan.'00
132
108
148
143
Feb "00
118
154
141
>
litoong4i
138
122
136
148
116
Sep.'99
•
98«
Sm
A
M-N
130
.
A-0
118
107
-J
N Y 8 A W— lit ref 6i.l937 JF-A
1937
SdgOld4^i
1940
General g6i
Terminal lit K Si. ... 1943
.1943
each
Begli $5,000
WUkABaslBtgn g5il942
Brte A Pitts. See Pa Co.
Kican A li Sup. Sm AN W.
ioiji 104)4
Feb '00
78
Feb.'00
107
109%
109
76)4
16
109
7S
107
109%
110
113
107)4111)4
Ill
J-D
lit land gr ext gold 5s. 1 980
1943
OonsolgoldSs
Ft S A Y B Bge. Sm StLASF.
Fort St U D Co Istg 4US1941
Ft
A D C— 1st g 4-6S.1921
Ft
A Bio Or 1st g 3-4S.1928
W
W
Bar ASA.
67*' '71)4
oosatonlo.
111
08
94
111
10454
104J«
Sm NYNHAH.
AH V l8t ext g 48.1948
W T 1st g 5S.1933
HoM A Tex Cen.
8t« So
P Co.
Illinois Centralist gold 4s.
116)4117
107)4 109
98
93
98
13 104
106
NOT'07
135)4
107%
108
121)4128)^
22 108
108)4
6
108)4 Feb '00
• • •
188
100
Feb '00
104
103)4
103)4
107)» 107)4 Feb 'Ou
101
73
101
104
104)4
93
94
99
104
130
103
138
105
108
108)4
Mar'99
Mar'98
70)^
68
71)4
f8)4
104
106
89
Feb '00
Deo'9H
Feb '00
Sale
3Hm
1951
Beglitered
lit gold Si iterllng. , . , 1 95
Beglitered
.,,..1051
CoUTraitgold 4i..,,.1952
1952
1 953
1953
Western Line 1st g 4s. 1931
1951
Beglstered
LoulsTlUe Dly g S^s .1953
Beglitered
li
N O A Tex gold
4i
.
.
Beglstered
Beglstered
8t Louis Div g 3s
Beglstered
J-J 09)4
J-J
A-O 105
M-N 101
1951 J-J
1951 J -J
1951 J-J
Beglstered
lit gold
Last Sale.
D
D
D
D
Og5i..l951
1951
1951
ReglBtered
1951
Mem DlTlitgli... .1951
Registered
1951
BeUeT ACar Iit6i....l933
Bt L Son lit gn g 4s. .1931
Gold 3)4s
.
Carb ASlitg 4i
1932
IndBlAW. SMOCOAStL.
Ind Deo A W lit g 5i. ..1935
1935
Ind UIA lalstref g5s..l948
Int AGtNolst gold 8i. 1919
3d gold 5i
1909
0dgold4i
1931
Iowa Central litgold5i.l938
Iowa Midland. Sm Ch A N W.
Jefferion
J-D
J-D
J-D
M-8
M-8
-J
-J
Ss
BB.
2.
A-O
M-N
M-8
M-8
J-D
since
Jan.
Ask. Low. High. No.
OS
Dec '99
121
13B
103
Dec '96
Dec '99
Feb '00
Lo'^s.
•••••f ei**si
•••••• leieet
(••••t ••#•••
w8
104
10
15
70)4
'S'4«
55
60
103
104
"89 * "89*
99)4 99)4
99)4 Jan.'00
...1963
1951
1951
Gold 3^s
1951
1951
Beglstered
Cairo Bridge gold 4i. .1950
Beglitered
1950
1031
Middle Dlrreg 6i
98%
Sale
58
99X
114
98% 100
103
100
10 5 Jan.'PO
108)4 Feb.'OO
104
ntM
'99
iifie
106
106
Jan.'OO
8ep.'99
JNOT'98
......
......
......
......
......
...«,•
......
....••
•••••«
105
106
•••••• eeeeee
107)4
121
91
Sale
59)4 62
118
109)4 109K
8 120
13191
89)4 04
109)4 Feb '00
111
121
89)4
93)4
61
«19i
113
113)4
85
86
00
7 111
63
111«
St* Brie.
KalAAGB. SmLSAMS.
an A
Sm Tol A O C.
K CAMBABlitgug5s.l929 A-O
K CPAG trots lit g 5i..., A-O
Kan G A Pa& S«« M K A T
Kanias Mid. Sm St L A S E
Kentucky Cent. Sm L A N
Keok A Des M. SmO RI A P.
KnoxTllle A Ohio. Sm So Ry.
Lake.BrieAW Iitg6i.l937 J -J
8dgoId6i.
1941 J-J
North Ohio litga 6i..l945 A-O
L8&M8. Sm NY Cent.
LehYal(Pa) oollg 5i..l997 M-N
Registered Ss
1997
LehYNY lit gog4)4i.. 1940
Beglstered
1940
73)4 Sale
73
66
'72H
115
111
101
Ang'9b
J
-J
108
108
CAN litg lit pf6i.l914
• • • • e •
10854 Nov'99
118
115)i
109)4 Oct.'99
10394 NoT'99
90
*98**Feb'*9*9
'116
M-8
J-D
J-D
M-8
BB
M-8
YA
NYBAMBoong5i..l935 A-O
Bklyn A Mon lit g 6i. 1911 M-S
litSi
1911 MNor Shb litoon ggn6i..'83 Q-O
La A Mo BIT. SMOhlAAlt
L B A St L Oon on g 5i Tr oerti
General gold li
1013 M-8
LonlsTlUe A NashTllle—
Cecel Br 7i
1907 M-e
NO AM litg «r \....ie8e J -J
Sd gold 61
1930 J -J
B H A Naih litg 61.. .1919 J-D
30
Feb '00
111
106
103)4
%Iex
116
NoT'99
102)4 Apr.'9U
104
103)4
111)4
101
104)4
101
98
111
104
98
101)4
100
lOlM
101)4
111
'88)4 De<)''99
"0*6
•
•••«!
100
t
85
• • • •
05
••••M
130
"
Ja'n.'''d6
96
97)4 Feb '00
101
Nov'99
86
100
107
Jan.'99
JaD.'0e
Feb '00
1»9H
97)4
08
99
86
86
63
70
8
107)4
100
96
100)4 Apr'99
,
67)4
68)4
8«
106
NOT'97
116
129
117
Feb.'OO
Feb.'OO
11^94
112J4
•118
ISO
•106
39
67)4
88)i
8 Feb '00
103
112H
I8814 180
117
111%
U6
117
"2%
130
•••• ••••••
186M ISSM
• • • «
...... ......
*•.... ••••t
,
107
2
17
36«
26)4
18
Sale
107
107)4 !•»
96% 99%
96)4
^9ii
IIIJ4II8
106)4 lOSM
107)4 10'^)*
109
109
95% 07%
70
91
10
735
3^7
12J
60
86
88)<
106)4
^^^H
73n4 Feb '00
76
36%
11%
26% 338
13)4
86
87%
20)4
100)4 Jan.'00
14
Apr'99
106)4 Feb.'00
Cent.
J-D
J-D
A-O
M-N
M-8
1st
Ss 8t 4s lntgu..'86 J-J
AP
Iowa ex 1st gold 7s... 1909
South West ex 1st g 7s. '10
Paolfio ex 1 St gold 61 1 93
1984
1st cons gold 5s
1st and retund. 4s.,.. 1949
183
145
131
137
138
113
U2V4
151
.
MaT'99
115M
95
Sm N Y Cent.
VlidofNJ. Sm NY Bus AW
MLS AW. SeeChloANW
Mill A Mad.
See Ohio A N W
Mil A North. SeeChM&StP
VUAStP. SeeChMAStP
Vlln ABtLgu. SmBCR&N
>llnn A 8t L— 1st g 7s .1927 J-D
%f
118
120)4
130)4
07
Bqaip Aoollg 5i...... ivM'i A-O
tfexintemat lit 00ns 4i.'77 M-8
86
^ex Nat lit gold 6i
1927 J-D
Id Ino 61 A Cp stmpd. 1917 M-Bi
Sd Income gold 6s B. .1917 An.5
'»ii North 1st gold 6i.. 1910 J-D 105
Registered
1910 J-D
90)4 101)4
100
101)4 Sep.'99
.
101)4 Feb '00
101)4 Oot.'99
188
W
«lloli
10494 Jan.'99
103)4
103)4
98 Jan.'00
111 Feb.'00
'
80
101
Feb '00
Metropolitan BI. Sm Man By.
S Bl. Su "Unlisted."
Centoongold 4i...l9ll J-J
1 it oon Income g Si ... 1 939 J'lyl
Id oon Income g 81, . , ,1939 J'lyl
Met
108
.....
120
120
J-D
109)4 Nov'9U
M-B *
1*2*7)4
Jan.'00
M-S
186Ji
68
Deo '99
M-8 • 58)4
108 Oct.'99
J-J •101)4,
A-O •106
107 Feb '00
F-A
109
109
M-N 109
99%
J-J 99
99)4 98«
J-J
98%
98%
Coltr6-80g4i ....1903-18 A-O
112
Pent A AU lit gug6s.l921 F-A •110 114 lis
107
Feb
'00
108)4
Oolltmitg5i
1931 M-N
107)4 Jan-'OO
LANAM&Mlstg 4)4s.l945 M-8
109 Feb '00
NFlaASl8tgug5i ..1937 F-A 107)4
969^
Kentucky Cent g 4i. 1987 J-J
9894
9«)4
108 Jan.'98
LOInALexg 4)4
1981 M-N 112)4
06)4 Oct.'99
LAJeffBgeOo gngli.1915 M-8
LKAAC. S««OIAL.
MahonCoal. SmLSAMS.
an 8 W Oolonis g 5i.l934 J-D
rtoK'ptABY. SmPMoKAY
General gold 6s
1930
Psniaoola dlv gold 61. 1080
BtLdlT litg 61
1981
8dg8i
1980
NaihADeolitTi
1900
Blnkfd(SAA)g 6i....l910
SAN Acongug6i.... 1936
Gold 6s
1987
Unified gli
1940
Beglitered
1940
71X
•••••• .tte*!
1914
Ferry lit gold l)4i....l932
Gold li
1032
Debenture gold 5i...,,1084
Deified g 48
1949
lit gSi,... 1027
N
68
116)4 181M
108)4 ll*'^
110)4 llOX
131)4 Feb '00
112% Jan.'OO
110)4 Feb '00
130)4
M-N
J-J
Leh YTerBy litgn g6il941 A-O
Beglitered
1941 A-O
L Y Coal Co lit ga g 61.. 1938 J-J
Eleglitered
1933 J -J
Leh A N Y lit gn g li. ..1045 M-8
Beglitered
.1945 M-8
105
112)4 NoT'98
105
J-J
M-S
M-B
A-0
A-0
M-N
M-N
F-A
F-A
J-J
J-J
J-J
J-J
J-J
J-J
J-D
J-D
F-A
103
.*... ##••••
Feb
••••• leeee
High
100
106)4 Aug'99
131
104
90
116
1.
.... .••••
.... ••••••
•••••• •••••
. .
Ist
oust B A
AN
Registered
Gold guar 6i
97)4
108)4 111
185)1
Sm8oR7-
oon g 4^8.1899
1999
Beglstered
Col
Mar,
Leh A Hud R. Stt Cen of N J.
Leh A Wllkeib. Bm Cent NJ.
116)4 Leroy A Oaney Yai. Sm Mo P.
Lex At A P F. Sm Met St By.
139)4 Long Dock. Bee Brie.
Long Xil'd— lit oon g 51.1931 Q-JJ 120
103
litoong 48
1931
04
General gold li
1088 f.'i
•lU VGA Nor. See So Pao Co.
ftrand Bap A Ind. 8«e Pa Co
Gray's Pt Term See St L SW
Han A St J. Sev B A Q
Hook Yal
OhloStL
Bl
Oot.'98
98
94
185
70
S8
'
70
116)4 Jan.'00
108)4 Feb '00
105
'
"as" "90 J4
130
65
143
61
114
J -J
Sm 8 P Co.
Gal HAH of '83 1st
6s.l913 A-0
al
•a A Ala Br 1st pf g 5b.1945 A-O
1945 J-JH
Ist oonsol g Ss
«a Car A No 1st gn g 5i.l929 J-J
90
Feb '00
Deo '99
109
115M
Deo '98
139)4 Feb '00
106
J-J
J-J
J-D
J-J
13 138
141
116)4
60
.
llb94
Feb '99
Sale
• • • •
Feb '00
NoT'99
Apr'99
140
»123)4 184
107)4 109
lit general gold 5i. . . .1948
117 118
119)4119)6
93M May'99
71)4
70«
1049i Sale
•
Feb '00
Jan.'00
89)4
94)i
1983
1081
6s.
143
93M
'
F-A
M-N
M-N
117)4
119)4
116)4
116)4
106)4
141
111
1933
Mtv«rnonlit6i
100
BoU OoBr'oh Istg5s..l930
BrAIndlsteongng 6a..l9a0 J-J
P.
Fargo A So. Sm Oh MA St
Flint A Pere M g 0s. ..1920 A-O 133
lit eonsol gold 6s .... 1 989 M-N 103
Pt HoronDlT lit g 5S.1989 A-0
na Cen A Pen 1st g 5s. .1918 J-J
Paclflo.
99)4
O.
Mid BBofNJ litg Oi. .1910
•eorgla
102M
Range or
J
J
Range
Week's
Price
Friday,
Bid.
nuinols Central (Con)
Spring Dlv litg 3)4i. 1951
Beglstered
1951
419
2.
Mloh.
.
rATHlitOJne
••••• •••••!
108)4
96)4
104)4
109
leffBB 1st gn gold Ss.l909 A-05 106
Iiong Dook oon gold 6s. 1 935 A-O 139
Goal A RB 1st gn es.l922 M-N
Dook A Imp 1st oar6s.l913 J-J
II Y A Green L gu g 5i. 1946 M-N •10P)4 110
1946 M-N
Small
mrekaSprings litg
IIB
Nov'99
104)4
M-8 1B0«
M-8 •116H
M
A-O 180«
J-D 107
M-8
141
.1920
lit ooniOl gold 7i. ...
lit oonsol gold f d 7i 1 920 M-8
rte litoon g 4s pr bdi.1996 J -J 89M Bale
1996 J-J
Seglitered
Itteongenlieng 4s.. ..1996 J-J 'Voiisale
1996 J-J
ftegUtered
Buff N Y A Brie lit 7i.l916 J-D
Bvff A S W gold 6i....l908 J-J 108
1908 J-J
SmaU
Ohio A Brie lit g 5s. .1982 M-N •!16
.
2t3
.
98)4
108
SeeliehANY.
1947
rle lit ezt g 4i
1919
tdeztgold Si
1923
ezt gold 4Ui
1920
ttlieztgold Qi
1928
Btheztgold 4i
Page
(5 pages)
BONDS.
N.Y. STOCK EXCHANGE
Week Ending Mae. 2. -
Istgnarg
W
S.
148
May'98
9V)i Feb.'99
A 8 lit g 5i.l92» J -J
Vnl Bed
112
Sal So Shore & At g 5i.l937 J -J •1121^114 112
S«eStPM&M.
EMtof Minn. 8M.B0R7.
utTVa&aa.
111
BglnJol&B l8tg58...1941 M-N •iiok;iii« 111
ImCortANo.
136
Dec '99
1085^ Jan.'OO
99
BMMAMlnn. 8««Ch&NW.
••MDnBy lit g Si... 1917 M-N 108 110
••tMATol. SmLSAMSo.
»et*Maok litlleng 41.1995 J-D
78
1995 J-D
Qold 4i
Dnl A Iron Bange Iit5i.l937 A-O 109^ Sale
A-O
1937
Beglitered
1916 J-J
M6i
Bli Lex A B
1.
m" 132'
Ang'ttS
Feb.'00
May' 97
120)4 Apr '99
128 J'ne'99
116 Jan.'00
115
M-S
A-0
A-0
A-0
A-0
M-N
Jan.
8ep.'99
1081^ J'ne'90
Oonitrootlon 6s
AlbiSjilitoonga7il906
since
Last Sale.
'I.
i»YLack4Wlit6i..l921 J -J 136^,
H—
Range
.
Ask. Low. High. No. Low. High
Bid.
1923 F1923 M-N
Term & Impt i*
Brr Blng & N Y lit 7i.l906 A-O
1900 A-«
Warren3d7i
lit Pa DlT7i. 1917 M-S
Del &
Week's
Range or
PRICES
—
1
.
99)4 Sale
96)4
143% 145
Jan.'00
J'ly'9«
Jan.'99
Dec '98
114
99
16 112
93
30
114
09
*B» price Friday tkcM are lateit kid a>4 askeA tUi weak. tBoali dae Aagait. tDaeAprlL IDneJaaoarr. IDaaOetakar. IDaaJaly. aOyttaaal*
"outside securities (Given at
Gas
Otty
Securities.
H A L (F
Col Gas
Bid.
storia) Ss. { 98
L A Heat-Com..
Preferred..,.
1st 5s 1932
JAJ n08
1930
Oonsol Gas (Pitts)
1st 5s
JAJ
Bobds 58
Oonsum Gas
lit 8s
81
44
110
(J
City)— Btk
MAN
Gas— Sm N Y Hxc
A Hudson Gas.
Detroit
Bssex
106
21% 23%
87%
89
43
Pref
100
65
83)4
....
OonsoUd Gas (N J)— Stck
Ask
.
105
104
Securities.
Bid.
Ask.
Wayne (Ind)— 8to;k
88
60
100
1104
t 47
37
68
05
103
Bxoh.
40
63
43
63
10
JAJ
1st 6s 1925..
Grand Rapids— Stock
FAA
Ist Ss 1915
Hartford (Ct) Gas L... 25
Indiana NatA lU Gas— Stk
MAN
1st 6s 1908
Indianapolis
1st 6s 1920
Gas— Stock.
MAN
Laclede Gas— N Y Stock
Lafayette (Ind) Gas— Stk
lit 6i
h. list.
86
Gas
Fort
poot of 7 ooksboutivb
1924
MAN
106
105
t * • • <
4C
80
100
104%
45
65
PAQtm).—GA8 SEGURITIESy
Gas Securities.
Bid. Ask.
Loganspt & Wab Val— Stk
40
46
Ist 68 1925
JAD 58% ai%
Madison (Wis) Gas- Stck
80
70
Ist 6s 1926
AAO S105 110
Ohio A Indiana— Stock
45
87
1st 6s 1926
JAD 58
62
Peoples Gas A Coke— N Y Stock Bxoh
Philadelphia Co— Sm Bos ton L 1st.
St Joseph (Mo)
40
35
5s 1937
96
JAJ i 94
St Paul Gas— Stock
56
47
ConiOl Ss 1944
86
.MAB i
Syracuse Oas— Stock
13
18%
. . .
Gas Securities.
Syr'seGas— ist t-s '46.JAJ
Western Gas (Mllw)
6s— See
NY
St
Bx
<&g
Bid.
Ask.
84% 87
99
100
list.
Telesr. &, Tnleph.
A-nerican Dlst Tele— NY Stock Bxob
Bell Teleph. of Buffalo.
107 109
Ceatrai & South Amer
70
65
jnes A Poto Teleph— Btk
••••
104
Bond 5s
169 170
Oommerolal Cable
116
i
Oommer Union Tel (NY) 111
{And intereit. tPrice per slU are
.
• •
THE CHRONICLE -BOND
420
Week's
Range
Friday,
Range or
aince
Mar.
Last Sale.
Price
BONDS.
N.Y. STOCK
—
.
.
EXCHANGE
W££K Ending Mar. u.
td goId4i
liteztengold 5«
90W
Sale
663^ Sale
90
89
M-S*
KO APao lit g4o.... 1990 F-A
Dal&Wa
1st gng5«. 1940 M-N
Boon«TBdfcOogag7»..'06 IH-N •101
Mo K A B 1st gag
Mo Pao— 1st oon g
5s. ..1942
6s
.
.
Sd7i
ITrnstg Is
.
Fm
J-D
J-U
A-O
M-N
M-N
.
Sd extended i^old 6s. 1938
Terd VI&
istg5s..'26
Lwor&OVAL lstK6s'86
St Louts & Iron Mount—
Genoonry&ldgrtgSs'Sl
QenoonstampgtdsSs'Sl
New4i. See"UaliBt.BdH."
MUsBlvBdge. S««Ouio&Alt
W
92
91
92
76
95
76
94
Mortgage gold 4s
1945
1946
Bmall
Mob & Ohio new gold 6s.. '37
lit extension gold 6s . 1 927
Cteneral gold 4s
1938
Montgom DlT Ist g 5s. 1947
Cairo gug 4s.. 1931
Bt
Mohawk & Mai. iSk iV Y O &
MOBODgahela RI7. SeeB /kO
Mont Cent. Sm St P
M.
Morgan's La & T. S«« 8 P Oo.
L&
H
M
Morris &Bssex.
66
93
69
148
13
10
9214
Feb '00
Dec '90
90«
95
104
lieji l-!7i6
114
116}6
95U Sale
117W
"90" "9a'
Feb
'00
15
0O«
91}^
19
94
30
90^ 94
« •
F-A
J-J
M-8
J-J
'104U
A-O
A-0
111
Sale
110
Nov'99
106H
J'lr'es
110%
UIH
UOHFeb'OO
111
J-J
-J
J-J
J-D
99
110
I
159 109M lis
Feb.'00
•••••a
••••••
••••I
• • • •
••••SI
• • • •
110
no}i
llOVf
UOM
>••••• •••••
• • • •
127^
136
127J^ Feb'bo
1S1?4 J'ne'9»
Stf« 86<4
86%
108^ loayi losHi
M-S
F-A
>
•••
•
88
15
North Illinois. Sm Ohl A NW.
North Ohio. Set L Brie 4 W.
Northern Paolflo—
188
185
Dec'99
114
113
Jan.
114
114
lOS
lOT
1S9
ISt
J'ly
106%
107
High
8 186% 188
5 186
180
106%
101>4 Nov'9»
*180
*189
123
106
Prtorllenr Algg4s..l997 Q-J
BeglBtered
1997 Q-J
Qeneralllen g Ss
3047 Q-Ft
BeglBtered
8047 Q-Ft
98%
90%
Bale
Sale
103%
Sale
108%
Jan.'C0
101
Feb '97
98%
98% 18
180
95%
96
J'ne'99
95%
66
66
65
96
96
90% S2«
'08% 183 10t% 104%
108% 15 108 104
108%
103%
fl6% Sale"
'
139
128
Deo '99
117% Aug'98
1S3
StPANPgeng6B...1938 F-A 124
Beglstered otf s
1938 Q-F •131
Wash Cent 1st g 4s 1948 Q-W 86
General gold 5s
Om4StL
105
•110
•110
•110
MW
SmL&N
189
101
106
Feb
111
Deo '99
113
Deo '99
'00
126
139
i04%
1*07'
Sep.'99
105
10
89
66%
67%
65
Sep.'99
131% May'99
J-J
118
183
95
118
M-N
•111
110
J-D
A- O
J-J
107
108
95
•'Vo'
70
90
.
1 937
1901
1st g 4b
Ore 4 Cal. See So Pao Co.
Ore By 4 Nav See Un Pao
Ore BB & NaT See Un Pao
Ore Short Line Sm Un Pao
Oswego 4 Bome.
J'ly '99
••••t ••••tl
May'9B
Feb '00
118
118%
Jan.'00
110
110
95
60
06
70
How&ClnBdge. SMPennOo
MO&NHpriorlleng6s.l915 A-0^ 110
*l T Bkln & Man Bh. Sm L I.
8 f subsidy g 6b..
1910
PeonsylvaLia Co—
Guar Istg 4%s
irTOentAHBp-
1931
1931
Gtd8%sooltrustreg.l937
P O C 4 St L con gu g 4%s—
Series A.
1940
Series Bgnar
1942
Series Ogaar
1942
Series D 4s guar
1945
Pitts Cln 4 St L iBt 7B.1900
BeglBtered
1900
ntts Ft
4 O Ist 7b. 1913
8d7B
1913
8d7B
1913
BeglBtered
llt7s
10P%
1903 J
Beglstered
1903 J
lOflTi
Debentnre Ssof 1884-1904 M-8 105%
Registered .... 1884-1904 M-8 105^
Reg deb 5s of ...1889-1904 M-8 105%
Debenture g4i.. 1890-1905 J-D 103^
Registered
1890-1906 J-D 102$4
Debt oerts ext g 4s . . 1 905 M-N 103
Registered
1905 M-N 103
«8Mi
1997 J-J '107 109
-
.
. .
llOH
iiOH
110
108
110
Feb '00
107% Feb '00
losM
103^
10 109
5 110
107
110
108
107% 107%
sep.'e7
J'ne'99
1045li Feb.'99
1039< Feb '00
lOSJi Aug'99
108
110!^
109
J-J
118^ Apr'99
F-A 97
97« 97
97U
Registered
1998 F-A
96 Feb '00
Mich Cent coll g S^s. .1998 F-A
"9iii e6>i
96i4
Registered
1998 F-A
96 Dec '99
Harlem 1st 7s
1900 M-N 102«
102% 1021k
Registered
1900 M-N
102J^ Feb '00
NJJanoRgn 1st 4s. 1986 F-A '103M
108 Feb '00
Registered
1986 F-A
West Shore 1st 4s gn. 3361 J-J 114 Sale 113^ 114
Registered
2361 J-J \19H Sale 113
112Ji
Beech Crk 1st gn g 4i. 1936 J-J 1099^ 110 110
110
Registered
1936 J-J
106 J'ne'98
Sdgugold 5s
1936 J-J
Registered
1936 J-J
Registered.
.....1997
Lftke Shore ool g 3^s.l998
13
t * *
1
*9
M-N
1039i
95
'00
J
108
106
104% 168%
108
Feb
106
'00
106
94
-J ii4%:ii6
J-J
M-8
111% 111%
111% lllg
114% 114%
111% Jan.'00
io6%;;;;;;
A-O ni5%,
A-O ''115%,
M-N •180
M-N 100
F- A
103
Nov'98
116
Feb '00
115%
118
107
,
.
114
10
115%
W
116
118% 116
Nov'98
Deo '99
106% Apr '99
109% Apr '97
F-A
J - J *186
*134
J-J
10914
A-O* 184
C BtL4Pl8t0Ong5B.1933 A-O 180
99
97
BegiBter-d
1933 A-O
96« 97
C)ev4PlttB0onB f 7S.X900 M-N 103%
96H 97%
aengug4%sBer'BA.1942 J-J 117
Series B
1942 A-O 118
101« 108%
rie4PlttKUg8%sB.1940 J-J 100
lOlH loan
SeriesO
1940 J-J 100
108 102
arB4Iexlstgng4%s.l941 J-J
AUeghyalgengng4s.l943
M-S
110 114J4
N*CBdgegengug4%8.'45 J-J
110 lis
'•nnBR 1st real es g 4b.1933 M-N '107^.
108 110
Oonsterlingg 6b
1905 J-J
101
60 103
Oot.'99
Feb
Sm N Y C
O O F 4 St P. See C 4 N W
PaoOoaBtCo— Ist g5B.1946 J-D 107% 107%
ao of Missouri. See Mo Pao
Panama Istsfg 4%s....l917 A-O 106
M«wH&D. SmNTNH&H
M J Juno BB. Sm N Y Oeat.
137
186
184
Feb '00
119%
Oot.'99
lOa
Jan.
Feb '00
186
135
186
184
137
180
184
108
lOS
117% Feb
117% 117%
108
108
Feb '00
116%F6b.'99
100
111
100
99
Jan.'OO
100
99
100
Feb '00
83
Jan.'00
28
88
136
96
137
Apr '99
Dec '99
107%
Oct.'98
,
.
,
11
6
4
108
Jan.'00
103
Nov'97
108
May'97
Oon currency 6s reg...l905 Q-M|
Oon« 6s
1919 M-S
Q-8
M-N
M-N 110 lis
!••••• •••••
UNJRR4Cangen4B.1944 M-S
OBBB4Bgel8tgu4sg.'36 F-A
138 139%
Sun A Lewis Istg 4s. .1936 J-J 107
r*nsaoola4At. SML4Na8h
r«oDeo4BlBtg6Btrrec.'30 J-J
99 101%
SranBDlvlstg68trreo.'30 M-8
98%
tr
reo
3d
5b
lstpd..l936
5
Mg
N
lOOM 107
Peo 4BaBt. See C C C 4 St L
^•04PekUnlstg6s...l931 Q-F 126%
tdg4%s
95
Feb., 1921 M-N
fine Creek regguar6s.. 1932 J-D 185
Clearfield
BeglBtered
96
J
Small bonds series B. .'40
J
QeuT A Oswe 1st gn g 5s.'42 J-D
R AOgcon lstext6s.'82 A-O*
Nor & Mont 1st gu g 5s. '16 A-O
129
gug6s..l915 F-AJ
128
113
mioa & BIk Rlvgng 4s.'32 J-J 108
Moh & Mai Istgn g4s.l991 M-S •1089i
Oart* Ad Istgu g 4b. 1981 J-D
»YAPntl8toongug4s.'93 A-O
MT&North lstg6B..1937 A-O
<k Mich Sonth—
Det Mon & Tol 1st 7b1906 F-A
Lake Shore oon lBt7sl900 J-J
Beglstered
1900 Q-J»
Con80l2d'<'s
1903 J-D
Beglstered
1903 J-D
Gold 3Hs
1997 J-D
Beglstered
1997 J-D
Oln* 8 lBtgLS&M87s'01 A-O
KA&OB lBtgc5B.1938 J-J
Mahon C'l BR 1st 68.1934 J-J
Mich Cent— Ist oon 7sl902 M-N
1st oon 5b
1902 M-N
6s
1909 M-S
M-S
Beglstered
1931 Q-m
4b
1940 J-J
Beglstered
1940 J -J
Bat O & St iBt gn g 3s. '89 J-D
N T Ohlc & St L iBtg 4B.1937 A-O
ReglstAred
1937 A-O
JXYit Oreenw
8m Brie
NT* Har. SmLake.
N Y O 4 Hud.
K Y Lack & W. 8«< D L & W
•105
•130
Iiake Shore
138
Apr '99
lis
107
107
107><
Ane'fis
Feb '00
186
133
J'ly '99
130
130
•180
101«
113
113
Sale
107
124
122514
109
108
118
133
181
lOeM Feb '00
108H Feb '00
132
120
137
105
108
107%
107
108
,
108%
Nov'99
Feb.'98
Nov'99
Deo '99
Jan.'00
Jau.'98
108
Jan.'00
130
is:
100%
100%
113%
118%
109%
101%
101%
113%
118%
110%
flttsOln 4 St L. See Penn Co.
!>
C 4 St L. See Penn Co.
nttB01ev4Tollstges..l933
PtttB4Connellsv. See
104X
1922 J-J •180 ..... 131 Nov'98
mtB4 L Brie—SdgSs .1938 A-Ot •118
nttsMoE4Yo— lstgn6s.'32 J-J 141
Sdguar 6b
1934 J-J •188
MoKee 4 B V Ist g 6s. 1918 J-J •136
1916 J-J
90
90 J'ne'99
108% 109% nttBP4FlBt g5B
103% 103% nttBSh4LBlstg5B..1940 A-O 114% 116 118% Jan.'OO
Ist oonsol gold 5s
1943 J-J •104
87% Jan.'00
lie*. •••••
•lttB4West Istg 4b... 1917 J-J 100
100% 100%
•100
JPM4 Cooertfs
100% Feb '00
ntts Y 4 Ashlstoon 5b1937.
-N •118
105 106
85% Bale 84T
85%
aoading Co gen g 4b. 1 997 -J
Beglstered
1997 J-J
844 Dec'99
D
kansselaer
4
S^ar.
See
4
H.
104% 1C8%
ntts Juno 1st g 6s
. .
47
10S% 108%
tloh 4 Dan. See South By.
aio Gr West ist g 4s .... 1939
Utah Cent 1st gn g 48.1917
QUT8IDE SECURITIES
A
Taleg.
Trieph.
Bid. Ask.
amplre & Bay state Tel.
76
rie Teleg 4 Telep— See 8 tokBx LUt
Vraaklln
138
180
118
886
nllBt
5b.
1939
J
Ot
J-D
1940 J-J
Wo Or So l8tg3-4s
aooh 4 Pitts. >S<e B R & P.
<lome Wat. 4 Og Set NY Cent.
Oot.'9'J
these are latest bid and asked this week,
A-O 107
t Dae Jan.
t
Due July.
I
Due June. (Due May.
97%
84
104
71
Teleg. dt Teleph.
Bid.
Ask.
75
Providence Telephone.
94% ••••
Southern A Atlantic. ....
95 100
West'n Union Teleg— N Y Stock Hxch
Electric Companlea.
Allegheny Co Light Co... 168
178
Brush Bileotrio Co
44
46
Br'dgprt (Ct) HI Lt Co.35 t
*•••*•
Consol Bleotrto Storage.
IS
8
Eddy Bleotrlc Mfg Co..35 t 10
16
BdlBon BI ni Co NY— N Y Stock Hxoh
BdlBon Bl lU Co Brk— N Y Stock Bxoh
BdisoD Ore MlUtng Co....
10
18
•
Electric Companlea.
Bast Bnd Bleotrlc Light.
Bleotro- Pneumatic Trans
Fort
Wayne
Blec. Co. .36
A ••B*e* iietti««BB
General Bleotrlc Co—N Y
BOrlOB
Do pref.— Sm Boston L
Hartford (Ct) HleoLt Co.
Bid.
(
'
M
Lt4PowCo35
99% 100%
99% 100%
450
97%
83
94%
86
85
.....
88
86
IV*
a These are option salM.
<§
ELEGTRIGy
Eleetrie Go'-'niflee.
Toronto (Can Blec r.t</0.
do.
Bid.
ask
1% Tbom-HonstWeldlns Oo.
United Flpo LtA f Co pref
4%<i 1980
86
91
Stock Exoh Woonsooket (R I) HI Oa. lOS
60
89
98
iBt.
160
7
17
MoBdlson Bleotrlc
68
Do preferred
Narragan. (Prov)B10o.60 t 98
New Hav (Ot) Blec Lt Co
Bhode Island Blec ProOo.
Hartf'd(Ct)
118%11S%
Feb '00
105 Nov'99
74% Dec'99
88
T One Nov.
Ask.
07
Bale
(Givek at poot ov 7 oonsboutive pages).— r.^ic
CacifloA Atlantic
Nov'97
PittBFtW4Ch. Sm Penn Co,
aioGrJnnolstgng
103
B 4 0,
99%
.
84
'
Ill
'
109% llOH
109^ Dec '99
108^ Deo '97
'125
ISO
176
118
'
IISJ^ Feb '00
108%
1919
1943
Ist gn g 4%s.l985
'
lOl^Feb'OO
101% Feb '00
118?<
l\2H
10l?i
l-D
40
aold4Stook
lis
Bonds
90
Hudson River Telephone 116
Hatematlon Ocean ..,.,.., 116
Mexican Telegraph
818
ttfexloan Telephone— Sm BOBtO
Hew Bn« Telep— Sm Bost on list
Northwestern Telegraph. 117
Telephone.... 168
If
fslOSO
M4N 111
Cong 4s
01 4 Mar
J'ly '98
115
W
aw* 0TB Istgug5s.l8 M-N
Oiwe&B3d
K Y L R & W. See Brie.
NY&NK. SmNYNHAH
MYNHAHart l8treg4B.'03
1.
OIndAW. SMCCOAStL,
1901
1938
l»t6sT&Pb
1917
1st 6s Mom
& Ai. 1917
1st sold 6s Jasper Bch. 1 933
T4NJ
1996
199H
. . .
,!fc
Bltnm Coal Corp
lBtsflntgag48serA.'40
•114%
M-N
A-O
F-A
J-J
M-N
A- O
A-O
A-O
VAN BlBtgug4B.1989
hlo 4 Miss. See B40 SW.
OhloBlverBB 1bCb5b..1936
1st 7s. '13
*No price Friday;
& West— Gen g 6b. 193 1
NewKlver Istg6s....l938
ImprvmtAext g6s...l934
COAT Is gug 5s.. ..1932
1st g 6B.1938
Nor By Oal. See Cent Pao.
Nor
Wis.
Sm
C
St P M A O.
87
1941
108« Nor A South 1st g 5b.
Nor A Mont. SeeN.Y.Oent.
83
107
iinee
Jan.
Last Sale.
'i.
191% 188
18B
138
J-J
1905
134" 137^ Nor Pao Ter Co
J -J
ad 6s
lit oon gold 5i
MMliFlorAShef.
NY&NBlBt7B
.
Bange
Week's
Range or
Ask. Low. High. No. Low.
Bid.
—
1905 J-J •110
„ Yl«t 6b...
N
A North. Sm N Y O A H
N Y O A W. Bef 1st g 4b1992 M-Si
.
S««UelL&W
NaahOhat&StL
(Con)
NH&Derbyoon6s...l918 M-N
Solo
LXX.
[Vol.
2.
Convert deb certs 91,000
A-c
8maU oertfsflOO
Honsatonlo B con g 6b. 1 937 M- N
BeglBtered
Small
llOM
Q-J* 180H 124
N Y N Hat & U»rt
Mar.
N & W By Istoong 4b. 1996
• •
105M Jan.'00
113
EXCHANGE
Week Ending Mak.
3.
Price
Friday,
BONDS.
N.Y. STOCK
NYAPut. Sm"*Y0AH.
95
95
NY ABB. Sm Long Isl.
N Y S 4 W. See Brie.
1C2^ 104
ll4%117Ji NY Tex AM. Sm So Pao Co.
Norf
1:4^ 115
n4HFeb'00
9»H
93
77
80
Page
(5 pages)
Begls $6,000 only... 1992 M-8!
1171<
96%
88« 98H
U9s4
65
92
95%
76
Feb' 00
95
loan
MobABlrm prior IlengSs.'45 J-J
Small
«1M
10n% Nov'99
93
•105
1930
19UH
1917 M-at
1917 M-St
1920 F-A
1920 F-A
Registered
iBtoollgoldSs
Beglstered
R of Mo 1st ex g 4s '88
1.
Ask. Low. High. No. Low. High
Bid.
1990 F-A
1944 M-N
SherSh&Sou )Btgug5s.'43
<r*bo a Neosho 1st Vs. 1903
Jan.
^<5
M SBM&A lit g 4i Int gu. '26
MStPABSM oong 4tintga'38
Minn Un. SeeStPUix. M.
MoKanJkTex— litg4a.l9eo J-D
MK&Tof TlBtgug5i.'42
2.
PKICES
.
.
Kerry Companlea.
t
Brooklyn Ferry-Stook
Bonds 5b. See Stock Blxc
Metropolitan Farry &b..
N J 4 N Y Ferrv-Stock.
1st 6s 1948
J4J
.
19
66
too
lAna
Interest.
tPrioe
>8
84
b. list.
108
108
per-
107
«h are
A
Mar.
THE CHRONICLE -BOND
190O.J
3,
Price
Friday,
«T3
BONDS.
If.Y. STOCK EXCHANGE
Wbbk Ending Mak. 2
2? .2
«
Mar.
I.
83"
tJo&ail8tg2-3-4B..1947
Range
^1
since
Last Sale.
Jan.
No
Ask. Low. High.
Bid.
SaltLakeClstKsf 0s. '03-13
Week's
Range or
'i.
33"
"Si"
1.
BONDS.
STOCK EXCHANGE
Week Ending Mar. 2.
83'" '84^^
1
lllVi
1
M
.
128
Feb
113
123
10 100
'00
108%
109?^
lOOJi Oot.'9«
105
Ooi.'97
• • • • •
. .
. .
.
84
84
9fl9i
95
.
tliBo. Sm Illinois Gent.
OtLS W
89
Istg 4sbdofs.l989 M-N
tdgislno bondot/s..l98U ,1-.H el
'100
Qray's Pt Ter lat gu g 5b'47 J-D
invi
tPanl&Dnluth isi6s.l931 F1917 A-O
BdSl
97
1968 J-D
1st cog 4s
It Pan! M & Man3d6s.l909 A-O 120
0akota ext gold ds. ... 1910 M-N 119%
1933 J -J 140%
Ittoonsolgold 6s
1933 J-J
Beglstered
Bedaoedtogold4^s 1933 J-J
1933 J-J
Beglitered
Mont Bzt 1 St gold 4i 1 937 J-D
1937 J-D
Baglstered
Minn Dnlon 1st g 0i.. 1922 J-J lao
Mont 1st gn g 0s. . 1937 J-J •135
1937 J-J
Beglstered
1937 J-J •117
Iflt guar gold 6i
1937 J-J
Beglstered
lstdlTlstgSs.,.1908 A-O 109"
1908 A-O
Beglstered
1940 A-O
NordlT lstg4i
1940 A-O
Beglstered
frUlA B F Istg 6I....1938 J-D '119
1938 J-D
BaglBtered
P * Nor Pae. See n or Pac
. .
Feb
'00
I)ec'w9
79
Feb
95*
89
60
'00
90^ 67
61H 492
91
61)i
63M
'99
121
120
i6i'
98
122M
. .
134?4
HM
120
5
\\9% 120
7
119Jg 121'4
134^
Apr'97
108
Dec '99
g6s...l919 J -i *I08
8t John's Div Ist g 48..1934
Boloto VaI & N B. See Mor &
W
1926
BMb&Roa IstSs
82
Car Cent Ist con g 4s 1949 J -J
Sher Shr & So. See M K & T
Bod Bay & So Ist g 5s. 1924 J-J '100
Bo Car & Oa. See Southern.
.
Apr '99
I
F-A
J-J
J-J
139^ 126H
lBtg5BDet40bBxt..l941 J-J
Des Moin Dlv 1st e4g. 1939 J -J
StChasBrldge lstg68.1908 A-O
Warren BR. See Del L 4 W
Wash Cent See Nor Pao
Wash 04 W. See Southern
3d gold 5b
1939
Debenture serleB A.. . .1939
Series B.
1939
112JiOct.'99
Jan.'00
123 Deo '99
104MF«b.'98
86
WestNT4Pa
"
1949 F-A
Mortguarg 3^g....l929 J-Dt
Registered
1939 J-Dt
Registered
SS'Ji
83X
85 Nov'99
98>4
\'m Bale 98H
82% 83« 829^
83M
108
106^
lOlH
343
80
281
9"'?%
Ist g....6s'3l
Sabine dlT 1st g6i.. 1912
Con g6i
1943
SoPof Argn litg 6s.'09-10
SPof
Cal Istg 08.. 1905
iBtgold 6s 8erB..1905
Ist gold 6b
1906
1st gold 6s
1912
iBtcon guar g 5b. .1937
1905-37
Stamped
AANWlBtgng5s.l941
B P Coast Ist gn g 4s. .1937
flPaoof NMexlBtg6s.'ll
OUaYO&NlstKUgSs 1924
M-8
J
-J
J-Jll
1
No of Cal latguges...x907 J-J
106
98
Oct'99
106H
Oon
Ist
gSs
a Ten reor Hen g
4-5s.l938
Registered
100
108^
Sale
i'da"' !!!!!
118
889^ 86
41
8
\i.Q)4
80
Ang'99
looH
114
117
48
\0^%
Jan.'OO
lOlJiFeb'OO
114J< Feb '00
117!^ 117
118
108^ Jan.'00
1938 BI-8
FTry
Compantea.
BOboken—Stock
let Be
Con. OS
W T.4 S B Trans 4 Ferry
Bonds 5b of 19O0.M4N
lOtk 4 88d BU Ferry
«
Bid.
Ask.
87
96
08
98
08
00
nio
111
9i^i 93
Ferry— Stock
i
• • • •
91
IDS
36% 87
IttSs 1930
M4N i 98M
{Bayer pays aomied Intere
t Price per share.
»»«
St.
1945
1934
Den Tram Co oon
UetRy Co Istgu
1089^
Sale
99>i
83
Sale
115
Sale
104)i
84
103M 104^
110
110
68 100^ 102^
8 12694 180
'00
110
Feb
187V«
121
102M
127H
Mar '99
108
May'97
UOM
18
117M 81
80
98«
99i4
83H Feb'OU
379
37«
36«
115)i
113
117H
98^ 108
1\&M
83
85
34» 88^
108H110
91^ 98
109
Jan.'00
May'99
114ii
lUH
751.^
76H
110
1159^
77J4
38>, 30)i
1
£1
06M
28% Feb'OC
29
Jan.'99
Jan.'00
107
107
99% 99%
99% Feb "00
93>feMar'98
89%
Sale
105«
110
116
SOH 115
88
93
02 103^ 100^
106
Jan.'99
Nov'99
103H Feb '00
959i Feb '00
104
94
J
-J
93
Jan.'99
109
Mar'98
105
103^
104
Sale
U6H
116^
117«
«n Bl Ry 4 L 80-yT g 5s 1 926 V-A
ilnnStRy 1st oong 58.1919 J -J
.
Paul Olty Cab. g Ss. 1937
Guaranteed gold 58...1987
Stat Isl Ry Ist gu g 4!^s.l94H
Third A V Ist gold 5s .... 1 937
Con Gas Co. Se« P G 4 C Co.
103
105
Det Gas Co oon Ist g 5s. 1918
Kid Bl 111 Bkn See K Co EL&P
101
lOSU
93^ 97
40
""8
102M
lOff
118
iie><
"7 117M 130^
118
131
Feb '00
183
Feb
'00
188
183
183'
Jan.'OO
138
188
106
109
Oct.'99
Oct.'99
111
118
Sale
HI
Sale
117)^
1189ilSl
111
117^180
138
130
I09HDec'99
Gaag
5a.. ..1938
.
J- J
F-A
Daa'97
99
919^ Oct.'98
118
116
•7
97
Hi
Feb '00
97W
99« NoT'99
El 111. SeeNYG&ELH&P
'37 A-O
Kings Co El L4Pg5s
Purchase mon68
1997 A-O
Ed Bl II Bkn- istcon g 48.'39 J -J
Istg 5s
1040 A-O
95
63
117
07^
Ed
Bid.
Mlsoellaneoue. Par.
Amalg. Copper— See Bost on LIS
Am AgrionI Cham— See
li
Amer Air Pow of N Y.lOO
&.merlo'n Axe 4 Tool. 100
Amer Bank Note Co. .50
.
Preferred
Amer Bicycle—Com
Due July.
*
M4S
Ask.
t.
cston List
40
35
t
49
I
1
97H
111
A-O
,
Due March.
Dae Jan.
I
62
MlecellaneoHB. Par.
Ask.
Amer Press Assoo'n.. 100
American Sorew
850
Un Soda Foun— Com. 100
70
35
70
90
Ist preferred
100
3d preferred
100
&.mertcan Surety
50
km Typefo'rs—Stock. 100
48
Amer Hide 4
Leather...
Preferred
dk
MISGELL'S,
Mlacellaneona. Par.
9
60
80>4
10
47
19
910
55
31
83%
81% 82%
Bid.
Ask
Amer Wringer com. 100 107
. .
Pref
110
Amer Graphopbone. ... 10
Preferred
Bonds Ob
F4A 108
Amer. Woolen—Com....
91%
Preferre d
Oct.'09
Ma7>90
Dne Nor. a These are option salMi
Bid.
16%
43% 44%
90% Imer Strawboard....lOO
10
Amer. Caramel— Common
American Ginning
103
'00
101«
109
93
110
(Given at foot of 7 oonsecutivb -PA.Qm).— FERRY
Preferred
133)ii
75)< Oct.'99
•1059<
It
101
t Bonds due Auc
Preferred.
Bonds 68
1
78
22 110
120
Ang'99
98
84M 88
g 68. 1 9 1 J -J
g 68.1911 J -J
101
American Beet Sugar....
85
85
Ist mort Ss 1919.. .J4D «100
CTnlon
104^
llOM
Hetrlstered
OUTSIDE SECURITIES
k T 4 B R Ferry— Stock.
Bonds Ss of 1938. M4N
80
M-8
M-8
M-8
M-S
M-S
M-8
and aaked this week,
109J^
82H
7
DS.
A-O
J-J
J-J
BkQCo&Scongug5s..'41 M-N
Bklyn Un El Istg 4-581950 F-A
City & S Rj Bait Istg Ss 1922 J-D
a8.u Con Tr Co Istg Ss.. 1933 A-O
58
.
Detroit City
.
* N* price Friday; latest bid
110
104M 3&8 1019<105H
113
107
89%
.
.
1911
1916
1916
105
95
6
21
.
.
Small
SerlesC 08
Small
6 105
9H
P8
88
113« 114
102H Nov'99
107
97
93
J-J 111
J-J
J-D
J-J 118M
UnBl(Ohio)
Ist
g58....1945
A-O
99M 1009i
U5 116 W Chlo St 40-yr 1st our 6b '28 M-N
lOlHlOm 40-7ear oon g 5s
1930 M-N
\.liH 116^
GAS 4 BLBOTRIC LIGHT BON DS.
114 118«
108}^ 108H AtUnU G L Co Ist g 5s. 1947 J -D
Bos n Gas tr otf 8 8 fg5s..'39 J-J
119M 1321^ Bklyn U Gas Ist oon g 6s. '45 M-N
118
120^ ChGL4CCo. SeePG4CCo
Columbus Gas I8tg5a..l932 J-J
119 128
133"' Feb '00
0« Pao By 1st g Ob. .1922 J -J
Rnox & Ohio 1st g 6s 1925 J-J 1201.^ Salo 120^ 120^
Bloh& Dan oon g 6b. .1915 J -J •121 123U 181H 13m
Bquipsinxiundg 91.1909 M-8 100
101 Jan.'00
Deb 5b stamped
1927 A-O 102
...., 103
Dec'99
So Oar & Ga Ist g 5b. 1919 Itl-N 104!^ Sale 104H 104^
Atl& Yad lets gu 48.1949 A-O
Virginia Mid ser AOs.1906
Small
1906
Series B Oa
1911
J-J
A-O
J-J
F-A
75H
A-O 103«
Registered
1990 A-O
VetropolKl lstR6B...1908 J-J 1161^
105^ 105^ tIarketStCRy lBtg0s.l9l3 J -J
104« 107^ 4«t St By gen c tr g Ss.. 1997 F-A
Bwar&7thATlBtog 5B.1943 J-D
95
98H
Bolstered
1943 J-D
Ool49thATlBtgug5B.1993 M-8
BeglBtered
110
110
1993 M-8
Lex At 4 P F iBt gu g 5b.'93 M-S
Registered
M-8
108M 161 100
106WMar'9«
108HAug>99
116
STREKT RAILWAY BON
IiOuiBRyColstoong5s.l930
ManhMttan Ry oon 4b. .1990
1079^
lOOJi
W VaCent4P Istg 68.1911
130H Bklyn Rap Tr g
75
49 101
110
107?g Feb '00
98
98}i
106
111
i'li" i'li'
108M Jan.'00
Av Bklyn imp s 5s.
BkCitylstcon 58.1916. '41
Jan.'OO
Feb '00
West Shore. See N T Cent.
W Va 4 PltU. See B 4 0.
A.tl
Nov'99
110
iodji
118
112MAug'97
101
J-J
M-N
M-t
114-;^
W J-J
113T<NoT'98
104
ST Va&Gal8t7B....1900 J-J
1930
1956
Sale
84>4
Wheeling 4 L B iBt g 5b. 1926
'si"" "Hh
Wbeel Dlv iBt gold 5a.l938
Bxten 4 Imp gold 5b. .1930
Wilkes 4 Bast. SeeNTS4W
10 106>« 106^ WU 4 Sioux F. See St P M 4 M
38 101 102^ Winona 4 St P. See 4 N
WlsOent 50-jT 1st gen 4s.. '49
110 110k
106Vi Nov'97
108^
103J<
Feb.'OO
110
107
105«
Guaranteed gold 5s..l938 A-O
Bonthem— 1st oon g 5s.. 1994 J -J
Beglstered
1994 J-J
Mem DlT Istg 4-4^-5b1996 J-J
Beglstered
1996 J-J
A.laOenR Istg 6s.... 1918 J-J
Atl & Ch Air Line Ino. 1900 A-O
Atlan A Dan Istg 58.1950 J -J
Col & Greeny 1st 5-6s.l916 J -J
Divisional g 3b
089^ Sale
112
A-O
A-O
A-O
A-O
M-N
M~N
J-J
J-J
J -J
M-N
37H
5s.
138
M-N
lOlM
Hous&TOlstW4N7s.'03 J -J
IstgSsint gtd
1937 J-J
110 Jan.'OO
OongOslntgtd
191S A-O 110
113 Feb '00
Seng 4s intgtd
1921 A-O
85MSale
85
86 M
Morgan'sIia&Tlstg0s.'3O J -J 120J6
120^ 120Vt
lit 7i
1918 A-O
134 Nov'99
NTT* Mezgn Istg 4i. '12 A-O
Ore * Oal 1st gtd g 5s. 1927 J-J
99 Dec '99
BAAAPassl8tgng4s.'43 J-J 78 Sale
77
78i4
TaxANO 1st 7s
1905 F-A
116 Deo '98
Pao
1
1C4M Feb
109
90
100
1937 J -J
1943 A-O
Income 5s
April, 1943 Nov.
West No Car. See South Ry.
aalHar&SAlstg0s.l9lu b-A *109
Sdg7t
1905 J-D '105
Mex&
Istg
117H
98H
'
Geng3-4s
83>< Sale
F-
83
Ore ShortLiue 1st g 681932 F-A 137V4
Utah 4 Nor iBt 7b
1908 J-J •120
Oold 5b
1986 J-J
OreSh L— Istoon g6s.l946 J-J 114 Sale
Non-oum Ino A Ss... 1946 Sep.*
Non-ou Ino B 4col trl946 Oct.*
Val Ind 4 W. See Mo P.
Ver
Irglnla Mid. See South Ry.
1939 M-N
Wabash 1st a 5b
Bonthem Paciflo Co—
CPao 1st efgug 48.1949
111
Dtah Central. See Rio G W
Utah 4 North. See Ore S L.
Utioa 4 Black R. See NY Cent
.
Oold 46 Cent Pac COI..1949 J-Dt
1949 J-Dt
Re.lstered
110
109«
87H
82K
121
110
110
IU^114)<
113M
109
104
i'34^
109
108
Oct.'99
96><
CnlNJBR40 0o. SeePaRK
180^
J-J
J-J 105
Sale
Sale
98 Bale
HTyi Sale
M iBt gn g 4b. ..1990 A-O
Tol Peo 4 W litgold 48.1917 J-J
8m
TStL4K0 I8tg0str.l916 J-D 120
Jan.'OO
Jan.'00
Feb.'99
Jan.'00
61H Nov'99
J-J 110
A-O 109^
l\i%\\5%
Deo '99
lOOH NoT'99
1934 A-O 1241^ 128
W 1st oon g 0s. 1934
A-O no
112«
60
J-D
1.
Nov'99
107
114
137
i39H
8t
BVANPlitst
1935
Ja"n.'''99
1129< J'iie'99
1119^ Nov'99
111
Jan.'00
trust
Kan 4
V09"
114H
.
Co ctfs
IstgSs
1935
West'ndiv Istg 5i.... 1985
Oct.'99
120
99
t P*8'zOlt7.S«e08tPM*0
i Te Pres * Ph 1st g 6s.l94a M-S
• A*AP. SMBoPaaCo.
Eng
102
110
110
90
100
141% Tor Ham & Buff Ist g 48. 1 946 J-D*
1O0H
Ulster 4 Del 1st og 5s. 1928 J-U
n Pao-BR 4 i:gg 4sl947 J-J t04H Sale
Registered
.....1947 J -J •103
OreRy4NaTlstBfg 081909 J-J
102^ 104^
Ore BB 4Nav oon g 4b. 1 946 J-U 102^ Bale
Xi
Jan.'99
Jan.'98
115
118
130
9»\i
121M
141M
116^ Feb '00
106H Mar'9H
104
Feb '00
104
M-8
M-8
M-S
M-8
M-8
Deo. .8000 .Moh.
T0I40C
Jan.
Ask. Low. High. No. Low. High
2000 J- D
ino. 5s,
General gold Ss
141
137|< Feb '99
116
2d gold
since
Last Sate.
2.
• •
sevi
Feb
120
llOM Dec'99
98H 98H Feb '00
Week's
Range or
m-N •110>ill3
n-N
W
118^
W
F-A
WestNC l8toonges.l914 J-J
118>4
SAN Ala. See L 4 N.
123
Spok FallsANor Istg 68.1939 J-J
109^ Snnb 4 Lew— See Penn RR.
Syra Ring 4 N 7. See DL4W.
rper Aof StLlstg 4UB.'39 A-O
L lBtoongold5s.l894-1944 F-A
8tLMBgeTerKugSs.l930 A-O 111
84
Tex 4 N O. See 80 Pao Co.
"e's"
Tex4P Ry H dlv Istg 0s.l905 M-8
Ist gold 5b
Sale
Sale
.
Bar F &
IstgSs
4-58
Small
114
110 Nov'99
1181^
2"^ Feb 'on
•119)^ 114
113 Feb '00
1906 M-N
1906 M-N
•1(6
0..1919 F1931 J -J 180
0«neral gold 6s
1931 J-J 103
a«neral gold 5s
1987 A-O 102«
lit trust gold 6i
{rtB&YBBdglitg0s.l91O A-O •ino
Kaum* Mid 1 St g 4i 1 937 J-IJ • 50
1996 J-J
at L * S F UR B 4s.
Bonthw DIT 1st g 51.1947
CentDl» l8tK48. 1929 A-O
D
1921
1921
Series B 6s
1926
Small
1926
Series F 63
1931
Gen 5b
1936
Gtd stamped
1936
1st oy gu 48.1934
O4
Seiles
Rangt
Price
Bid.
Southern— Va Mid (Con)
421
4.
Friday,
Mar
Low. High
'88"
L A Cal. See Mob & Ohio.
Bt L A Iron Mount. See M P
at L K O A N. Bet Wabash.
It L M Br. Bee T RR A of 8tL
8t lonls Si San Franctsco—
1»0»< M-N •118^
Sd gold es Class A
lit g Os Pteroe
Page
(5 pages)
N.Y.
It
Bdgoldes OlasiB
Sd gold 6s Class
PRICES
10
Amer. Writing Paper
Bergn
11%
llH
11%
18%
79
81
t...!..
13
90
100
4 Bng Br—See
1st 68
Blaokwell'B
t
5s.
&.nderBon (John) Tob.lOO
Automatic Vending... 10
Barney 4 SmCar
100
Preferred
Ob 1948
t
J4J 104
Phi
10
108%
108
Ullst.
100%
Durh Tob.35
t
19
90
J
..
,
,
BONDS.
M.T. STOCK EXCHANGE
Week Ending Mak. 2.
Range or
Mar.
Last Sale.
Bid.
M-S
aGaBLNYlBtoong58..'32
iqO&Fuel. SeePG&CCo.
a«n Bleo Co deb g 58... 1922
arRapGIiCo I8tg5s..l915
K O Mo (Jas Co Ist g 58.1922
Week's
Price
Friday,
J-D
F-A
A-O
2.
BCarCo
ear*
klnFerryCo Ist con g 53*48 F-A
Bk'nW&WHlstg5s..l945 F-A
OahCoalMln. SeeTCI&R.
hlo Jo & StYd col g 58.1915 J-J
Non-cum Ino 58 ...1907 J-J
Olearf Bit Coal. SeeNYC&H
1st con g 8s...
1902
M-N
F-A
Q-J
Q-J
.
DeBardelC&I. SeeTC&I.
107^
107X
108
109V6
109)^
92H
93>i Sale
113H 110
«120
125
107
I045i 106
130 127
•107
183
106
168
10
104^
Dec
11
108!4
lllj^ Apr'99
104^ Oct.'99
107J< 108Jii
Mar'98
1029^105
83
lOOJ^ 103JI
10
83
105
Jan.'00
73
73«
100^
100
100
93
iosii Sale
27
Oon Kan C Smelt 4 Ref .25
Oonsol Rubber Tire
46
Feb '00
108
93
Jan.'00
Feb.'OO
103)i
Ask
48
80
U7k
37^ 28
16
36
,
86
Bleotric Vehicle
40
75
100
Preferred
Hrie 4 Western TraAS.50
Casualty... 100
* Dep
(Bait). 50 1200
100
General Chemical
100
Preferred
German Am Real Est. 100
60
H8
30
100
Gorham Mfg Co-Com.lOO
Preferred
Great Falls Ice
100
100
!6
Preferred
Heok-Jones-J Mlll-Pf.lOO
58
1922
66
101
40
119J4
Havana Commercial
17^
5«H
&5
M4S
Her'g-Hall-Mar(a8st p'd)
Preferred (asst p'd) 100
Hoboken Land 4 Imp't
6s
IlllnoiB
11
8^
Bleotrlo Boat...-.
1st 6s
65
t.
73
137
70
75
8
10
13
110
106
Trans
3H
International Blevat.lOO
International Navlg..l00
80
3H
90
1
Joumeay 4 Burnham.lOO
3
Preferred
100
20
SO
4
Gulf, new.
preferred
bonds, 3s .
41
43
6S
P.
68
68
lOs" 103*'
911^
103Ji
lObM
67
Ask. Low.
95H
lOSH
30^
38
109
150
19
30H
89M
89?i
Oct.'99
Feb '00
95HJan.'97
8994
Nov'99
113
99
70
Jan.'99
106
107
80
92
'00
Feb
May'97
May' 97
Feb '00
loe
loe
02
106
75
Jan.
Oct.'9P
113H
J'ly'99
101
Feb
1.
Low High
High. No.
90
78
i8H
77
....f
...ft
77
84
78..
.
MutDnTelsfd 68. ..1911
Northwestern Tel 7s.... '04
Wh L H 4 P C Co 1st g 5b.'19
M-N 102i<
M-N 102^
J-J 118
M-N
J-J
J-J
llOH Feb
'00
108
105
107
9
Feb
Feb
\\5%
Feb.'OO
105
18« 84
10«
107
105
'00
'00
8TATH SBCURITIBS.
Alabama—Class A 4 to 5. 1906 J-J
109
111
Small
1906
1906
Currency funding 48. ..1920
Dlstof Columbia— 3-658.1924
Louisiana— New oon 48.. 191
Small
Missouri— Funding. ..1894-95
Nortn Car- Consol4«...1910
Small
68
1919
So Carolina— 4^8 20-40.1933
Small
Virginia fund debt 2-3s.l991
Registered
6s deferred oertfs
J-J
J-J
J -J
F-A
J-J
J-J
J-J
J-J
A-O
J-J
J-J
J-J
J-J
J-J
100
100
100
118
100
115
IISM
118
Feb '00
lU^llSH
38
Jan.'00
111
105
108
108
Jan. '00
Aug' 9b
8ep.'98
Jan.'00
118
110
Nov'98
Apr'99
109H
Feb.'99
105
108
Apr'9t*
138
Feb.'98
96
Feb '00
Jan '00
»3
88
106
110
106
109
118
112
187
110
95
'
llOU
lOlM 108^
101
91
90
mu
88^
8H
101
103H \Q%\i
U. S. GOV. SBCURITIBS. (For daily record see seventh pa oe p
U 8 2s registered. .. .Optional Q-M 103
108 Dec'99 "
U 8 38 registered
1918 Q- F UlJiU3
8
lllM 112
US 38 coupon
1918 Q- F lllH Sale lllH 111% 58
U 8 3s reg small bonds. 1918 Q- F
U 8 3» cou small bonds. 1918 Q- F 111 112 llO^i 111^
1
9
U 8 48 registered
1907 Q-Jt 116^ Sale 116Hi
116M
U 8 4s coupon
1907 Q-Jt 117^ 18 117^
15
118
U S 48 registered
1925 Q- F 137i4 188M 135 Feb '00
1925 Q-F 13714 138ii 1341^ Feb 'Ol
V 8 48 coupon
U S 5s registered
,1904 Q-F ll.'=!^116i4 llSHFeb'OO
1904 Q-F 115^ Sale IIHH 11691
85
U S 5s coupon
95
105
1
1
16
108!^
102^
101 Jan.'00
102>i May'99
112
112
88
88
re«e<Mng.)
ib9Mil8"
lOOMlllTi
109
114
114
lllM
ll69i
138
133^135
1S3M 134M
najg 11814
118M115J4
108M 111
108
108
04
01
85
96
91
96M
07H;
'F7H
89
70
88Jt
69iDeo'99
UNLISTED BONDS.
Atch Col 4 Pac 68 tr ctf •.
Atch J Co 4 West 6s tr ctfs.
MetrWSEl{Chlc) 1st 4s 1938
Ore Bh L ctfs dep coll tr B...
StLIM4So new 30748 (wi)
66h; Nov'99
. .
Feb '00
'97
77
80
18«
Sale
a
Tenn—New settlem't 3i. 1913
Apr '97
J-D
J-J
M-S
F-A
j-b
TennCoaITDivl8tg68.1917 A-O
Birm Dlv 1st con 6s. .. 1917 J -J 109 Sale
Cah C M Co Ist gu g 6s..'22 J-D
109
De Bar C 4 I Co gu g 6s. '10 F-A
107
U S Envel Co 1st 8 f g68 1918 J-Jl
D SLeath Cos f debg6s.'13 M-N
116«
Vermont Mar 1st f 5s. 1010
West Union deb 7s. .1875-00 M-N 102«
Registered
1875-1900 M-N 102^
Class B5s....,
Class C 48
64« Nov'99
95^ Sale
"79% Sale
96
953-5
Knlckerb'r Ioe(Chlo)-See St Ex List.
100
110
Lawyers' Surety
Lawyers' Title Ins. ... 100 160
80
100
Liberty Silk Mills Prf.lOO
98
90
LOTlllard (P)— Pref.. .100
*
Due May.
Miscellaneous. Par. Bid Ask
10
5
Madison 8q. Garden— 100
M4N 30 40
2d 6s 1919
50
Maine S S
Merch 4 Miners' S S.. 50
Mich-P Car 1st 5s'42M4S 114 118
115
Minneapolis Brew 1st 7s. 113
100
100
Mosler Safe Co
41
Monongahela Water.. .25
42H
Nat Enamel's 4 Stamping 28^ 28
. .
Preferred
Nat'l
i
Due AprU.
I
Bonds due January.
76^
Oct.'99
795i
80%
69
Due August. aThese are option lalM.
1
(Given at foot of 7 coi^secutive va.q^^).— BANKS
Gramophone. ... 100
87
48
46
National Saw— Pref.. 100
National Salt
48«
78
Preferred
.,,,
100 128
National Surety
National Tube
63K
Preferred
93H
60
National Wall Paper. 100
N. E. Blec. Veh.Trans.
7a
100
N Y Loan4Imp
N Y Biscuit 68 1911. M4S 114
New Jer Zinc 4 Iron.. 100 125
7
N. Y. El. Veh. Transp. 100
50 t 63
N Icholson FileCo
Nicaragua Construct. 100
Nlles Tool Wrks com. 100
Preferred
100 121
22
Otis Elevator Com.,.,
Preferred
87
Peck, Stow 4 Wilcox.. 2 t 27
100
Pegamoid, pref
Pennsylvania Coal
50 390
Penn. Water— Com..., 50
Phil 4 Wll Steamboat. 50
Pittsburg Brewing
50
24Vi
Preferred
50
47«
Pneumatic GunCar'ge.lO
21
Pratt & Whitn—Com..lOO
1
Preferred
100
42
Procter 4 Gamble..., 100 376
Preferred
100 190
1st 68— See Stock Exch list.
R.I.Perkins Horse Sh.lOO
Preferred.,..,
100
90
58
49
49
79
"53 ji
—
,
Rubber Goods Mfg.
.
Preferred
RuBsell 4Brwln
25 t
Safely Car Heat 4 Lt.lOO 130
Schwarzchild 4 Sulzb.lOO
35
,
Semet-Solvay deb
5
86
135"
Preferred
100
Singer Mfg Co
100
Standard Oil of N J..100
Stand Und'rg'dCable.lOO
140
125
24
89
35'
2i}4
48'
4
45
400
305
Swlft4 Co
62 7
. , , ,
Am Bxch....
18am .187H
Astor
Commerce...
500
285
t243
80
175
425
300
S900
140
i90
275
190
taso
Continental
Corn Exch*.
1351
Bowery*
Broadway....
Butch's4Dr..
Central
....
Chemical
Citizens'
City
Colonial* ....
Columbia*...
320
150
632
180
29
60
'43'
116
60
115
13«
6
8
48
48
68*
325
First
3250
14th Street*. 145
......
170
400
Home*
Imp 4 Trad. 616
172H
Irving
Leather Mfr. 225
310
Liberty
Lincoln...... 776
Manhattan* 256
Market 4 Fnl t226
Mechanics'.
Mech 4 Tra*
Mercantile
March Exch.
Merchants'*
101
90
190
ISO
170
Metropolis*.. 415
140
New Amst.*..
New York Co.
N Y Nat Ex..
New York....
S90
1500
116
255
150
Pacific*
Park
Int.
t
Brokers'
.....
104«
Phenix
475
Prod Bxoh*. 180
Republic .... 800
Riverside*... 210
Seaboard .... 275
550
Second
170
Seventh
Shoe 4 Le'th 100
826
State*
165
176
'
• • • • •
360
t
• •
....
630
•
•
823
375
•
•
* •
110
440
•
Price per share.
*
•
.
106
776
Mercantile
Merchants'
Metropolitan
;MortonTrust
N Y L I 4 Tr
N Y Sec 4 Tr
North Amer.
.
••••••
. .
Produce Hi
376
186
Real Est Tr't 800
StandardTr't 310
State Trust. 401
Tr.Co.of Am. 190
215
Tr.Co.ofN.Y.
.
•••««•
400
460
4^0
1400 1460
700 776
1153
.•
i
!
250
,
Farm Ln 4Tr 1406
t
Fifth Ave Tr 400
475
Guaranty Tr 600
«•••
Int'l.Bkg4Tr
••. 140
Kuick'rb'ck'r 390
*•••!«
Manhattan 370
130
216
190
300
Brooklyn* ... 110^
95
8th Ward*...
107
5th Ave*.... 104
300 310
First
Hamilton*... UOH
Kings Co*.... 100
......I
Manufact'rs. 266
,|
Mechanics*.. 202)4
Mech 4 Tra*. 280
Merchants . 110
285
Nassau
290
Nat City
,,.••.
173
North Side*.. 170
196
People's* -.. 190
Broadway*
1
206
•
Sq*....
Bedford*
725
115
.
BR'KLYN.
155
145
ai.RltyB4T 250
Union.
340
West Side*.. 375
350
Western
Yorkville*., 310
...«•
....«,
Central Tr'st. 2100 2860
City Trust. . 316
Colonial
•• 400
Continental 375
tl28.
12th Ward'.. 115
23d Ward*... 100
Union
.
NY*
State of
Aik.
otati on*.
N. Y. CITY.
Atlantic Tr. t05
Bankers' Tr. tl93
Plaza*
r
Bid.
Qu
Trust Cos.
• •
80
310
300
180
Peoples'*.... -225
t
65
Scherm'rh'n* 150
17th Ward*. U6
Sprague
200
28th Ward*.. 140
120
Union*
Wallabout*.. 105
-••••'
t400
Banks marked with an asterisk
accrued
Banks.
Ask.
160
895
70
875
Hanover
Hide 4 L'ath 115
Mutual*
Nassau*
. . ,
1600
Greenwich*.. 165
Hamilton*... 145
Bid.
19th Ward*,. IIjO
85
Ninth
North Amer. 200
190
Oriental*
...
Fifth
Fourth
80
310
4100
• • • •
*
'-4>i
90
186
East River.. 130
•••»
11th Ward*. 150
Fifth Ave*.. 2400 2900
.
ibiji 103
106
loe
300
i459<
Domes. Exch
Garfield
140
45
385
Brokers' Qu otatio n».
Mt Morris*.. .,,,.. 200
N. Y. CITY.
Aik.
61
t
89X 31
Ist preferred
100 118
113«
2d nreferred
100 180
60
U 8 Envelope— Pref.. 100 85
6a— See Stock Ex. list.
86
U 8 Glass— Common..] 00 25
Preferred
100
95
105
U.S. Pneu.Hor. Coll.— See Phlla. List.
Wagner Pal. Car— See Stk Exch. list.
Westlngh Air Brake. .50 tl9094[ 191J4
74
72
Banks.
Ask.
otati ons.
30
100
Susq Coal 6s 1911, ...J4J
Tennessee Copper
Bid.
Qu
Bid.
_
Union dwllch & 8, pref.fiU
Union Typewr — Com.lOO
81^n»1.50 t 381<
Gansevoort*.
4 Sm-V.lOO
lit 6s
Banks.
Brokers'
4
MISCELU8.
<&
Miscellaneous* Par.
As*
Bid.
Preferred
Union Switch
Gallatin
. . ,
Stlllw-Bierce
.
Trenton Potl>-Com..lOO
100
Preferred
Trow Directory-New. 100
Union Steel 4 Chain
Chatham
62?i
175
SloBB-ShefBeld, oom. .,,,,.
28
Preferred
67
Southern Cotton Oil.. .50 t 52
Stand ardCoupler.oom
33
Preferred
110
,.
Stat Isl K T 1st 6s'13A40 107
2d 58 1926
J4J
95
.
A40
Chase
5s..,
Simmons H'rdw-Com.lOO 210
Par.
.100
Ist 6s
4 Pacific Coal. 100
1st 6s 1908
Title Guar 4 Trust . 100
Texas
94H German Am* 120
German Ex*. 230
81^ §!« Germania*...
385
la
76
2l»>i
, .
Mlseellaneous.
Term Wareh— Stock,
93H America* .... 440
70
.
BoyBakPowpf
Intemat. Paper— See St'k Bxcta list.
Intemat'l Puipp— Com..
17H 18
Preferred
63H 64«
Internat Silver— See Stk. Bxch. list.
do
60
Do
pref.
C8
Do
do bonds.
9i»« lOlH
100
5
Iron Steamboat,
46
61 1001
J4J
John B Stetson—Com.lOO 90
100 117>i
Preferred
Kan C.
Do
Do
since
Last Sale.
2.
113
10
7
41
Rangt
Week's
L Ter
Cupples Station 4
PropCo Istg 41^8 5-20 yT'17
8 Yuba Wat Co con g 8s. .'23
8p Val Wat Works Ist 8s. '06
Stan Rope 4 T 1st g6».. 1946
Income g 5s
1946
Sun Ck Coal 1st g s f 68..1912
Feb.'9»
105
105
60
Pref
Oramps' 8h 4 En Bldg.lOO
Diamond Match Co. .. 100
Distill. Co. of America...
Pref
4
77
70
100^ 103H
lOOM
68
104
fiuBS Company— Com.. 50 t 63K 70
50 t 63«
Preferred
Bond 4 Mort Guar. ..100 300 326
80
66
Carter-Crume— Pref. .100
95
100
90
Celluloid Co
16
12
Com.lOO
Oent Flrew'rks60
100
60
Preferred
60
30
Ohateaugay 0re4 Ir 6s '15
15
10
Grain Bl— Ino.
Ohes 4
75
70
4t
100
360
340
Mfg
Co.
Ohesebrough
Olaflln (HB)-lstpref.lOO 100
100 100
8d preferred
Fidelity
'Idelity
86
38
105*' lbs'
109HFeb'97
OUTSIDE SECURITIES
Common— See St.Bx. list
Oonsolld Car Heating. 100
Oonsol Flrew'ks-Com.lOO
100
Preferred
Bid.
LXX.
["Vol.
Range or
NoWestn Teleg. See West. Un.
Procter & Gumb Istg 6s.. '40 J-J
RochA Pit C& I pur m 5s 946 M-N
1884-1900
Registered
1884- 1900
Col trust cur 5s
1938
Not'99
No price Friday; these are latest bid and asked this week, t Due July
Preferred
137
58.1918
Par.i Bid.
Week Ending Mar. 2.
NY40nt Land Istg 68.1910 F-A
Debenture
104M 104^
102^ Feb '00
Sale
10494
Aug'99
Dec'99
107
103
101
82
A-O 28 30
J-J
A-O •100 89
A-O
J-J
Hand B Co Ist Bfg6i... 1931 M-8 '107Ji
1910 M-N
BobokenL&Ig 5s
1910 J-J
1U 8teel Co deb 58
Non-conv deben 5s... 19 13 A-O
Iron SteamboatCo68...1901 J-J
Int'l Paper Co lit con g 6s.' 18 F-A 107«,
ftff& Clear & I Ist g 58 1926 J-D
1926 J-D
IdgSi
Knlok Ice (Chic) Istg 5s.l928 A-O
Had 8q Gard Istg 58.. .1919 M-N
Han Bch H & L gen g 48. 1940 M-N
MtBcellaneouB.
110
'98
108^
103
103
D«t M4M
rl«T4Tooltrg8f58...1926
Gramercy 3ug Ist g 68.. 1923
Or BIT Coal & C Ist g 68.1919
Haok Wat Beor 1st g 58.1926
M-N
utUnTelCo. SecWnUn,
M-N
Nat8tarohMfgCol8tg6s'20
e wpt News 8&D D 58.1990 J-J8
Nl 4 N J Tel gen k Ss cy.'20 M-N
94^
91
108
86 123
126
BR
MetT&Tlstsf g
10
103M 110
Dec'99
109^ Apr'99
1049i Feb '00
109
73
93H
110
I
121
110
109
bonds
See
Id gr 3>^s 8 A.191]
el&HCan.
Mar.
Si*
..
.
1
1909
off.
5,
Price
Friday,
BONDS.
.
.
Page
(5 pages)
N. Y. STOCK EXCHANGE
8t
OolCAIDevCogug5s..l909
Ool Fuel Co gen gold 68.1919
Ool F & I Co gen s f g 5s. 1943
Oom Cable Co Ist g 4s. .2397
2397
Eeglstered
1.
117
113
Feb '00
117
120
m Cot on deb g 88... 1900 Qu-F
AmDk&Imp58. SeeCenNJ
g 68.1915 H-S
Am RolrltsMfg 1sttat
481919 J -J
Am Thread Ist col
l8tg68.1942 J-J
Coupons
Jan.
194?
Registered
since
...
.
.
PKICES
Range
Ask. Low. High. No. Low High
Lao Gag-L Co of StLlatg 58'19 Q-F* 107H 108
1919 Q-Ft
Small bonds
Mnt Fuel Gas Co Su PeopGas
J-I> 10 9>^ Sale
58.1948
HYGKLH&P..g
J-D
PnTCbaee mong 48. ...1949 F-A
Bd HI 111 Ist oonT g 5i. .1910 M-8
JlitoongSs
•••4SS5
Pec Gas & C istgn g 6s- -l^Of M-N
1904
J-D
8dgtdg68..
1943 A-0
litconsolgBs
1947 M-S
aetunding g 5b
.1947 M-S
Registered
37 J58
Istgug
Oh G-L&Cke
Oon G Oo of ChlstgTi g 58'36 J-D
FCb lstgtig6s.'05 J-J
qG&
Mn Fuel Gas Istgug 5.1947 M-N
Trenton G(fcBllBtg68.1949. M-S
Waitn Gas Co ool tr g 58...'33 M-N
MI8CBLLANBOU8 BON D8.
Adams Bx—Col trg4s.l948 M-8
12
4
.
..
.
.
THE CHRONICLE-BOND
422
OolC&I
5,
.
•••••
H
•••••(
Union Trust. 14U0
U S Mtg 4 Tr. 475
*
105
800
H
t
585
Unit. States.. 1576
Washington 300
BR'KLYN.
:
Brooklyn Tr. 410
Flatbush .... 160
Frankhn
300
Hamilton... 380
Kings Co
346
LIsl L4Tr. 253
Manufact'rs. 310
Nassau
385
People's
WllUamsb'st; 300
•
••••
••••t«
t
•••••«
IM
•i-«t«
*
are State banks, { Purchaser also pays
dale at Stock Hxoh, or at auction this week.
(•)
.
March
3,
H
,
THE CHRONICLE.
1900.J
423
Boston, •^•itladelohia and Baltimore Stock Exchanges— A Daily and Yearly Record.
Sbare Prices— Not Per Centum Prices.
Sales
ACTIVE STOCKS.
of the Range of Sales in
taturday,
Monday,
Tuesday,
Feb. 24.
Feb. 26.
Feb. 27.
846
846
119H 181
•841
800
182
200
182
136
125
12B
246
246
117
242
116
242
245
115
800!^ 200M
1219< 12aH
134
131
137
130
•32«
135
26V«
209^
132
as
13H *11« 13
•74
96
58?^
75
807
67
130
28
13
136
130
33
43
132
26%
529i
749<
98
„«®^
9M
•74M
96
52Ji
529i
•74
9H
9 7-16
9H
9>i
16>»
76^
37^
16H
39« 29T^ 29^
14% 15?i 15
im
49^ 49H x48« 49H
76
78
77^
7«M
36J^ 87H
SSH 3894
16X 16J4 •16V6 16M
93
93
93
93
939i
91
93>4
90
27
90
27
77
89^
39>i
13-16
15
49'
87>< 30
77«
76Ji
'77H
830
3^
319
llOH lllH
113
113
867
870
61
»;6B
770
«2«
ilH 21M
112H
12?^
272
60
770
765
ZOU
42
IISH 121
53
63^
48
48H
*48
114
119
40
78
77i<
102
•19)^
42
ai«
42
27H
78
101^ 102
136 136
20
X5?«15?^
18« 18^
SH
SH
27
19
151
18
18
267
59
770
20H
20Ji
59
•42
60
52« 53
50Vi
8M 8%
37H 27H
77« 78
102
136
17
no
Bid.
100
11>6
"
60
100
"
100
Com <fc Paasum " 100 155"
Oonn Rlvpr.... " 100 875
28
Con»olTrPitt8Tr(Phll) 50
"
Pt*t^
50
Oa Bouth & Fla.(Balt)100 43
"
100
93
1st pref
"
71
100
8d pref,
a'rmant'n Pa88(Phil) 50 148
47
Hestonv
50
&T "
50
Pref
73H
"
50
Hunt & Broad T
"
Pref
50
"
100
Inds Street
•KC Ft8&M..(Bost)100 17
"
100
60
Pref
Little 8ohuylk.(Phll) 60
53
Maine Central. (Bost) 100 160
MlneliUl&SH.(Phll) 50
"
Ifesquelion'g V.
50
50 104
North Penn.... "
19
Pere Maiqu'te.(Bo8t)l00
"
100
65
Pref.
PhUABrie
(Phil) 50
50 150
PhU Germ & N. '•
"
100
United N J
"
Tr
50
United
of P.
Pref
"
50
49>«
WestKndpref.(Bo8t) 50 112
West Jer& 8 8. (Phil) 50 61H
WeetNY&Pa. "
50
17
Wla Cent, new. (Bost) 100
"
48
100
Pref
WorNash&R. " 100 125
MI8CBLLANB0U8.
AUoaez Minlng(Bo8t) 25
Amer. OementH (Phil)
2H
25
15^
Ask,
137
130
33
43
43
130
26
74
75
207 207
68J< 67
1.33
127
42
& Lowell
& Maine
& Quincy
& Un. Stock
"
"
53%
75
Yds.
"
& Gulf.
Choctaw Oklahoma
25
75
27
76«
29^
26
76
25
75
a>i
329
3«
103Ji
110
296
75H
45
95
•;2
12M
265
58
760
20H
103% 106M
107
112
110
165
69
19
49
130
53
50
17
1694
25
Pref erred, $
1
"
paid
41
•4296
110
•61k
a
17^1 United States Oil
42!4 Welsbach Light IT
43>i Westingh. Electric
62
7-1« 29 13-16
-49
Bid.
I&S1I(Phll)
.
bl4
"
1
•••
6!
"
lis"
5k
S96
134
136
2k
. . • •
.
4
4k
2i4
3
196
189
14H
29
88k
• • t
•
30
29
3
2
8194
38k
28k
3394
96
28
28k
10%
59'
40k
25
3IOO
3
I
98k
61
8k
40k
look
100
82
Adjustment g 4s.. 1995
82k
115
Boston Term'l 3^8.. 1947 |ll3
82
Bos Un Gas Ist 58 '39 J&J 1 80
2dM58
1939 J&J 1 43k 49k
Bur& Mo Rlv ex'pt 68.J&J |l2ak
.
2dM
J&J J 107
1910 J&J jlOO
68. '18
6S......1918
Ch Bur & Q 48.1922
lowaDiv 48.1919
J&D
F&A
WM
A&O
D G R & W Ist 4s.'46 A&O
East'n 1st M 6s g.'06 M&S
•••••<
i
i
3IOO
|l02
1
k
* • • • •
114
a
95H 97
99k LOOk
J
89
i
j
90
90
91
.••!••
^115
Blk&M V Ist 68 '33 end al36
Ist 68.'33
A&O
•
* *
}186
139k
100
lOO
90
115
54k
58..,.
K C& M Ry&B"58.'29 A&O «103
K C St Jo & C B 7s.'07 J&J ni7
L Rock&F S 1st 78.'05 J&. no4
LE&8tLlst6sg.'58A&0
2dM 5-6 g„.. 1936 A&O *
Mar HA Ont68...'25 A&O 5116
4s g.. 1911 J&J
Ist con Ino Ss g non-com
2d con Ino 3b non-cam..
•
i
i
i
K C Ft 8&G Ist 78.'08 J&D {114
K C F 8&Mcon 6s.'28M&N «106k
K C M & B~lst 48..'34 M&S 5
7% Mex Cent
.
Bid.
i
76k
107
95
55
105
....
78
a6k
11« 12k
28
1907
A&O
St Ss. .'02
M&N
1914 M&S
1916 M&N
i
Ist 68 tunnel 1911..J&J
Bal Trac Ist 58.1929M&N
Ext & Imp
58.1
M&N
442
2
an
A
PotomVal l8t5s.l941J&J
2,223
579
355
2b
Virg Mid Ist 68.1906 M&S
2d series 6s.. 1911 M&S
3d series 6s.. 1916 M&S
4th ser 3-4-5S.1921M&8
Sth series 58.1926 M&S
Va (State) 3s new.'32J&J
Fund debt2-38.1991J&J
Va&Tenn 2d 58.1900 J&J
1900 J&J
3
4
6
24
18
29
26
\6H. Mar. 1
Jan.
6
Jan. V4
61
Jan.
5
t $50 paid in
4
40
'J
BONDS
''itJ^Feb.
45
b5
Feb
I
Feb. 36
Bid.
AlleVyEeit78l910A&O 136
Ches&D
tr ctfs
110%
123
118
M&N
Canist5s.'16 J&.)
Ss'19J&J
Clfs'St Ry (Ind)con 58.'33
Colum St Ry 1st con S8.'32
ConTra'^of NJ l8t58..'33
Del & B Bk Ist 78.'05 F&A
East&A
124
As^-
117
118
117
102k
100
106
101
108
101k
116
117
I16k
114k
109
105
97k
180
105k
»8k
1st
M 58.'20 M&N
Bdlson Blec Ss stk tr ctfs.
Elec& Peop's Tr stk tr ctfs
10196
109
119
119
110%
96% 95k
110
118
116
108%
11194
8894
f8k
Indianapolis
K C Sub B
106
••••••
104k 10494
103k
108k
118
111
«••••
9894
89
8894
99
Ry
48.
74%
.1933
1st 8s..'20
J&D
76
Lehigh Nav 4k8. .'14 Q-J 113
RR4sg
1914 Q-F ••••••
Gen M 4k8 g. 1924 Q-F 103
Leh VC'l l8t58g.'33J&J 100% ioi"
Leh Val ext 48.. 1948 J&D 118
2d 78
1910 M&8 127% »••••
Consol 6s
1923 J&D 118
no
Annuity 6s
J&D 184 ••••«f
New'k Con Gas Ss '48 J&D 10396 103
Newark Pass con 58.1930 116%
NYPhU&Norl8t4s '39J&J 103
Income 48... 1939 M&N
80
No Penn Ist 48..'36 M&N 115
Gen M 7s
1903 J&J 111
Penn gen 68 r...l910 Var 189%
Consol 6s 0. ... 1905 Var
Consol 5s r
1919 Var
.
Pa & N y Can
7s..'06
J&D 117k
A&O 107%
A&O • a«t
Penn Steel l8tS8.'17 M&N 108
Cons Ss
Cons 48
1939
1939
Ph&Kr gen M 5g.'20 A&O
Gen M 48 g. 1920 A&O
Ph & Read 2d fis.'SS A&v)
Consol M 7s. .1911 J&D
Con M 6s g... 1911 J&D
Ext Imp M48 g.'47 A&O
.
Con
96
130
Income 58....2862 A&O 107%
Eq lU Gas-L I8tg5s.l928
Hestonv M & F con 58.'24
H& B Top con 5s.'25 A tO
108%
People's Tr tr certs 4s.'43
PhCa Blec gold trust ctfs
Trust cortfs 48
103
loik
112%
84
111
98
Elm&Wilm Ist 6s.'10 J&J 119
SecAvTn(Pitta)58'34J&D ll6k
Sav Fla & West Ss '34 A&O
Seab & Roan 58.1926 J&J 105
107k
United By & Blec Income.
71
71%
4s
Jan.
5
75 Jan.
50 100 Feb.
107 135 Jan.
665 17 Jan.
7,403
5% Jan.
1,569 147(^Jan.
ChocOk&G gen
MetSt(Wa8h)l8t58'35FA U9%
New Orl Gas Ist 58...Var
Norfolk St 1st 58 '44. J&J i07k
NorthCent4k8.1925A&0 no
A&O
69i Mar.
1
Feb. 15
F«b. 16
2
6n^ Feb. 81
46>4 Jan.
3
133
Feb. S3
579< Feb.
_
50^ Feb. 87
13 Jan. 23
2K Feb. 14
79« Feb. 15
10 i
Jan.
5
140 Jan.
3
23 Jan. 3
2
6!i Jan.
ISOJii Jan. 11
35 Jan.
3
49 Jan. 8
BaUs Ter Ist 5s. 1926 J&D
B BoroGa8lst58.'38M&t
Cambria Iron 6s. 191 7 J&J
}103
ao6
108k ibe"
KnoxvTrac IstSs '28A&0 101k 102%
LakeREllstgu58'43M&S 116%
Maryland Brewing 6s
79
79k
6s 1900
68 gold 1900
J&J
6s 1904
J&J
Series
Ss 1926... .J&J
Series B 5s 1926.... J&J
Pitt Un Trac 5s.l997 J&J
3
2
999i Jan.
48 Jan. 11
43 Jan. >f
Atl City Ist 5sg..'19
1
932M&8 116
Chas City Ry Ist 5s '23J&J
Chas Ry G & EI 5s '99 M&S
CharlC&Aext58.1910J&J
Chesap Gas 6s. .1900 J&D
City&Sub lst58.1922J&D
Col&Grnvl8t5-6.1917J&J
Consol Gas 6s. .1910 J&D
5b
1930 J&D
Ga &Aial8tpfSsl945A&0
GaCar&Nl8l5sg.l929J&J
GeorgiaPl8t5-6s 1922J&J
GaSo&Fla l8t58.1945J&J
2
40><Jan. 16
Asphalt Co Ss
Ext & Imp 68.1901M&S 101 102
NoBaltDiv 58.1942J&D 118
Conv'rtible58l906M&N 101% ioi9i
Cent Ohio 4ks g.'30 M&S
Central Ry 68... 1912 J&J
Consol SS....1932
2014 Jan.
52 Jan.
Bonds— Philadeipliia
15
absk
AtlG-Lightl8t5sl917J&D
Balt&Ohio 4s g. 1935 A&O
Statl8l2d 5g.l928 J&J
Balt&Pl8t6sml 1911A&0
17
97 Mar. 2
107 Mar. 3
109iMar. 2
351 Jan. 18
48 Jan. 2 73
730 Jan. 2 770
.
Bonds— Baltimore.
& Pot
Ss ioi«
Atl &Ch 1st 78.1907 J&J 117
88
%
West N C con 68.1914 J&J
West VaC&Plst6g.' 1 1 J&J 113
WU & Weld Ss. 1935 J&J 115
«
Anacostla
Atl Coast L ctfs 58 .J&D
Bait Belt Ist 58.1990M&N
BaltCPaslst 58.191 IM&N
Bait Fundg 58.1916 M&N
Exchange 3k8. 1930 J&J
9596 Feb. 14
Jan. 5
Jan.
6
Jan. 19
.1
Jan.
Feb. 5
5^ Jan. 3
137)^ Jan.
4
118 Jan. ll.
1 iH Feb.
S
287 Jan. 6
Baltimore— Conclu'd.
N Y&N Bng Ist 78.'05 J &J {114%
liitmort68.. ..1905 J&J aiok
Ogd & L C con 68.'20 A&O 105
West End
4k8
Deb 48
2
28 :^5
23 79i6
28
3
23
1^
28 349
700
10,682
6,979
1,032
9,459
46C
Ask
.
Domln Coal l8t68.'13M&S 3110
lUin Steel oonv Ss.'lO J&J
Debenture 5B.1913 A&O
K C C& S Ist 58 g.'25 A&O
.
.
3%
50
Bonds— Boston.
JAJ
AT&SFgeng4s.'95A&0
.
81>6 Jan.
25 Feb.
75 Jan.
296 Feb.
Feb.
314 Feb.
3)4 Feb.
2,731
2,310
"
.... 50
(Boston).... 25
(Phila.) ....
5
( Boston) ....
50
"
.... 5n
Income 68
1920
Rutland 1st 68.. '02 M&N
Torrington 1st Ss 1918...
43
82
1
Am BeU Tel 4b. .1908
Income
8
73
Winona Mlning(Bo8t) 35
Unsfp'd
198
2,150
(Phila.)
BONDS
6s
Sk
42>i
.
Coal
2
78
.
Curr't Rlv Ist 58.'27
3
IH
.
17
36
271
5096 Jan. ll 51% Jan.
8
Jan. 11 TiH Jaa. 20
J02
Jan. 13 207!^ Mar.
1
64H Jan. 11 68)^ Feb. 14
96 Jan.
2 99
Feb. 6
Jan. 10
996 Feb. 6
34 9-1 3 Jan. 10 29% Feb. ..„
26
13 Jan. 10 159^ Feb. 26
9 51^1 Feb. 14
449i Jan.
7396 Jan.
8 77m Feb. 28
36J^ Feb. 27 3991 Feb. S
8 1796 Feb. 21
1596 Jan.
84 Jan.
9 86
Jan.
2
92 Jan. 5 V)39i Mar. a
73H
15 3-16
15-lrt
Ask.
3
Utah Mining.. (Bost)4-86
Warwick I & S (PhU) 10
Welsbach Coml " 100
"
Prefl
100
rel
& Mfg
Preferred
5
Chi &
gen 58.'21 J&D
Con. of Verm't Ss.'lS J&J
20
H,51U
.
Boston— Concluded.
New Bng Tele 6s.'99 A&O
NoAmGDredg(Bo8t) 10
Old Col Mining. "
25
Osceola Mining. "
25
Palmetto Co.
(Phil) 25
Parrott 8il&Cop(Bost) 10
Penn Blec Veh. (PhU) 50
"
Pref
50
Pennsyl Salt... "
50
Pennsyl SteelU. "
....
"
Pref?
100
"
Phil Electric IT..
...
Quincy Mining. (Bost) 25
Rys Co Generall(Phll)
Rhode IslMin.. (Bost) 35
5
Santa Ysabel G "
Su8queI&Sir..(Phll)
5
Tamarack Mln.(Bost) 25
Tidewater St. ( PhU ) 10
Torrington"A"(Bo8t) 25
"
Pref
26
DnCopL&M'g "
35
25
Un Shoe Mach.. "
*'
Pr6f
25
45
88
15
127
138
466
"
100
(Phila.) 6 paid
Preferredl
11% Asphalt Co of America
62
A&O
Chicago June 58.1915 J&J
Ch & No M guSs.'Sl M&N
116
....
268
60
765
17i<
42ii
42(4
1694
40>4
31
308
8,04'J
2,657
5,034
71,490
STOCKS BONDS
Fr
492
51
10%
16H
5H
18k
1,777
901
.,..100
....100
'
Plain 4s
4"
10'
600
American Bell Telephone... (Boston).. .iuO
(Phila.) 5 paid
3« 896 American Railways
97 10294 American Sugar Refining .( Boston ) .... 1
96
365
Ch Bur& N 1st 58.'26 A&O
17
1,328
10,001
2,758
"
(Phila.).... 50
.
8
26 ^
775i
Non-exempt
23
i
909
.
Wolverine Min.
113
"
336
6,146
87,76S
13,72
Boston & Montana
(Boston) .... 25
60
"
62
Butte & Boston
.... 10
"
785
760
Calumet & Hecla
....25
21
201^ 209< Cambria Steel, $4^ paid ....(Phila.) .... 50
309i 3IV6
88
54
55
Consolidated Gas
(Bait.)
100
54>i 55
43
43
43^ Dominion Coal
(Boston).... 100
43M 43
"
....100
116% 108 115^ 108 110 Brie Telephone
"
51
52!^ Federal Steel
53
....100
5296 5396
49
49
49
49!.^ Lehigh Coal & Navigation.
50
(Phila.) .... 50
"
....100
7% 8
6H 7% Mar«dea Co7
8M
27
Massachusetts Electric Cos. (Boston)..., 100
26
26!^ •26
•77
779^
Preferred
77«
....100
78>^
779i
103
102
New Eng. Cotton Yam, pref.
"
102
103 102
.,..100
136 140 New England Telephone....
"
....100
"
..,, 25
18% 18% 18M 18!^ Old Dominion Copper 1
189i
Westm
370
213
2,627
333
107
267
286
60^ 60
766
760
U S PHorseCoiifPhU)
19H
55H
6OIJ
"
....100
(Boston),... 100
11
111
13
11«
12S4
285
.
20
a
(Phila.) ....100
American Alkali
296
...
320
396
3V^
.
160
. . . .
(
Preferred
7rtH
896
29g
335
320
3^
NewHav
13
....100
....100
....100
....100
....100
50
"
50
Boston) .... 1 00
(Phila.) .... 50
(Boston) .... 100
(Bait.) .... 50
(Phiia. >
.
Amer. AgricDl. Chemical....
25J^ 27
•
314
Highest.
100 238% Jan. 21 246 Feb. 10
Jan. 83 l22ViKeb. 17
Jan. 19 242 Jan.
4
Mar. 1 30 ^K Jan. 6
Jan. 10 12fl9i Feb. 7
488 13.
Jan.
2 138
Jan.
4
15 122 Jan.
3 127
Feb. 5
34 Jan.
2 34!^ Jan.
9
S 40
Feb. 7 45 Jan.
4
1,3'?0 ilO
Jan.
135 Fob. 24
8,233 2i% Jan. 11 2696 Feb. 26
1,711 109i Jan. l« 13!^ Feb. 13
83 91i4 Jan. 10 100 Jan. 29
207M 207 207 ')ld Colony
(Phila.).... 50
67H 6796 66% 6796 Pennsylvania
"
.... 50
98>i
98M 98M 98>6 98v4 Philadelphia Traction
9 3-16
9« 99«
9 7-16
"
i)ii iieadinK Company
.... 50
29 7-16 39%
"
39}^ 2»H
Ist preferred
.... 50
15 1-16 15y« 15^ 15 516
D
"
2d preferred
.... 50
48^ 48!4 499^ 499i iS% 49 Union Pacific
(Boston) .... 100
74
"
7791
7394 7 4^
Preferred
....100
749i 7496
37
36^ 36H Union Traction, $17Jii paid. (Phila.).... 50
36H 37
3.V6
16
1696 1696 United Ky & Blec. Co
(Bait.) .... 50
18J^
16Ji 16M
Preferred
"
.... 50
35M 35>4
U2>t 9i
93
933^ 939i West End Street
(Boston).... 50
93>,^
Miscellaneous 8toclis.
90
90
91
91
Ainalga 'Dated CopperU
(Boston).... 100
91^ 91
207
Lowest.
3,387 t95
10 241
168 196
6,020 119>4
98 14
I
30O
"
"
Preferred
Preferred
130
130
FltchburK, pref
2596 2«
LehlKh Valley
12'4 12!4 Mexican Central
•95
96
Northern Central
Northern Pacific
529i .'53
,
74H "^^H Preferred
96
•53>^
•7496
Boston
Boston
Chic. Burl.
Chic. June.
130
34
43
•33
129^
• ....
53?^
196
123
131
18«
95
95
•534
(Boston).... 100
Boston & Albany
"
....100
U6ii Boston Elevated, $75 paid..
216
196
124
136
M SCELL.—Concluded.
2.
794
25
6
"
Atlantic Min'g.
23
25
"
Baltic Mining..
25
20J^
Beth Steel 1!.... (Phil) 50
Boston BleoLt. (Bost) 100 172'
Cambria Iron.. (Phil) 50
44
Canton Co
(Bait) 100
86
Centen Mining. (Bost) 25
16^
"
Central OU
25
18
Con. Lake Sap. (PhU) 50
88
"
Pref
50
3%
Daylight Prism. »
50
20
"
Dlani State St
10
4H
Domln Coalpf.(Bo8t)100 115
IdlionEl 111... " 100 205
leoCoof AmT.(Phil) 50
rrankllnMln'g.(B08t) 25
14H
Qeneral Elect..
100 125
"
Pref
100 186
OenBlAnto-MKPhU) 50
3
Qriger Mfg.... "
10
4
Inil-EigTp Com1f(Bo8t)100
10
"
IntButH&SM
10
2
"
laliiBoyalel....
85
85
ManafacBnb..(PhU) 50
"
ITef
50
Mamden CoH ., " 100
69<
Margenthaler . (Bost)lOO
MoK Telephone "
10
.
26J<
wa; made
M
"
134
187
Shares
Z42
116)^
243
19794
1249i
32
•42!i
AW
Arnold Mining.
130
26
196
124
IT
2.
Railroad Htocka.
213
117
40^
sale
"
(Bost)
42
17
.
Areadlar.
•32
March
1900.
Week.
Indicates unlisted.
18X
5«
596
6k Philadelphia Eleo.lT 2^ paid
5H 5H
5H 596
149H 149M 150H 150H 150% 150% 149 150^ United Gas Improvement II..
HAILR0AD8.— Price* Mar.
12s
A.ti * Charlotte (Bait) 100
Boi & Maine pf (Host) IOC 165
"
100
floiton & Prov.
Central Mass...
Pref
Ohio
Mich.
137
130
33
43
130
127
102
65
jACTIVE STOCKS
134
19
18M
17
aikedprloes;
Xl97ft(19794
]239i 134>t
Friday,
243
240
116
242
....
55
43
41« 41H 41
«5
246
117
117H 114«
49Vi
102
135
19M
150
3>4
10l\i 104
110
111
12
13
114
S%H 52H
SH
„§^
27
27
78
102
209<
i2]^
49
29«
3i<
265
59
770
60H
60)^
42
78«
2«
35«
103}^ 110
112
12
•265
59
27
316'^ 320 %
328
3«
39^
9-m
27
76
2>4
3>i
SSO
245
117
243
12
*
96
75
807 207
207 207
66H 67J< 66H 67
98H 98
98H 98H 98^
SOT
I
123H
32
43
26^
52%
200
122>|i
133
183
95^,
200
127
S3H »82M 33^
43^ iSH 43
43
133
246
116
•841
Wednesday Thursday,
Feb. 28.
March 1.
M of '82 4s.'37 J&.)
Terminal 5s g.l941 Q-F
PWU&Balt4s.l917A&0
CoUat trust 4s. 1 92 1 J&J
Pitts
C&StL 78.1900 F&A
•
03
110
106k 107
102
66%
120%
109
128
•
•« tl
129%
It*
121k •••••
104%
••?
104% 105
• •
• •
133
107% 109
10196
Read Co gen 48, 1997 J&J
Rochester Rycon5s.l930
SohRESlcielstSs g'35J&D 111
Scran Trac Ist 6s '32M&N
Seat& S F Ry & Nav 1st 5s
Union Term'l Ist 5s. F&A
United N J 4S..1944M&8
UnTracPitts gen5»'97J&J
100
102%
lUk
iAnd interest.
t»l-50
Price Inomdes overdue oonoo
paid,
na.
..
.
.
. . .
.
..
. ..
rHE OHRONICLE.
424
Invitstmaxt
[Vol.
Latest Gross Earnings.
Roads.
WeehorMol Current [Previous
Tear.
AND
Kan. City &Om 3dwk Feb
Tear.
Jan. 1
to
LXX.
Latest Date,
Current
Previous
Tear.
Tear.
$
3.701
3,810
33,00©
27,947
96.335
81,636 1,498,659 1,304,218
46,638
49,294
489,859
483,156
135.301
95,861
361,251
274,429
Lehigh & Had.. January ..
42,889
44,978
42,»89
44.978
Lehigh Val.RR. January .. 2,202,548 1,706,972 2,202 548 1.706,972
Leh. V. Coal Co. January .. 1.672,232 1,636,330 1,672,232 1,636,330
The following table shows the gross earnings of every Lex'gton&East.
20,157
16,999
December
255,441
249,810
LonglslandRR. January
242,801
236,480
242,801
236,480
Steam railroad from which regular weekly or monthly re- Long
Is. System. January ..
247,442 241.240
247,442
241,240
turns can be obtained. The first two columns of figures Los Ang. Term. January ..
7.816
7,309
7,816
7,30»
Louis. Ev.&St.L. 3dwk Feb.
31,790
29,534
248,431
201,291
give the gross earnings for the latest week or month, and Lou.H-ASt.L..
11,141
2dwkFeb.
8,227
74,409
58,624
the last two columns the earnings for the period from Janu- Loulsv.&Nashv. 3dwk Feb. 540,165 415,095 4,013,983 3.115,302
Macon ABirm. January ..
6,056
5,371
5,371
6,056
ary 1 to and including such latest week or month.
Manlstlque
8,121
6,879
January ..
8,121
6,87»
tMexlcan Cent. sdwk Feb. 349,466 251,601 2,509,8i2 2,009,761
The returns of the street railways are brought together sep- Mexican
Inter'i December.
486,467 414,764 4,645,659 3,497,074
tMex. National 3dwk Feb.
arately on a subsequent page.
145,090 122,007 1,031,472
909,423
Mex. Northern. Nov'mber.
37,183
680,624
53,038
546,574
tMexlcan R' way Wk Feb 3.
93,400
92,200
431,500
441,400
Latest Gross Earnings.
Jan. I to Latest Date. Mexican So
23,207
19,912
65,927
41 h wkJan
58,096
Midland Term'i. December.
Roads.
62,553
40,276
632,908
435,393
Oiirrent Previous
Previous
Current
Week or Mo
Mlnneap.&8t.L. 3dwk Feb.
47,516
48,796
330,752
300,331
Tear
Tear.
Tear.
Tear.
M.8tP.&S.8t.M. 3dwk Feb.
81,3i2
63,659
580,115
403,104
Mo. Kan. &Tex. dwk Feb. 230,496 215,874 1,710,557 1,618,269
$
Mo.Pao.&IronM 3rtwk Feb. 517.000 453,000 3,783,032 3,343,497
AlUrondaoK
1«,286
December.
204.885
12,106
202,118
Central Br'oh 3dwk Feb.
150,51H
19,000
22.00(
146.874
Alft. Gt.Soatlx.. 3dwk Feb.
39,408
31,050
302,531
256.018
Total
SdwkFeb. 536,000 4-: 5,000 3,933.550 3,4 90,371
Ift. Midland... January ..
93,188
66,971
93,188
66.971 Mobile & Ohio. January
e542,400 e377,922 e542.400
« 377.922
..
AU.N.O.&Tex. Pao. Juno.
Mont.&Mex.G'f
103,0«4 107,290
103,084
lo7,290
80,000
» Orl. & N. E 4th wkJan
47,000
183,261
129,901 Na8h.Ch.&8t.L,. January ..
584,906 515,038
January
684,906
515,038
Ala. & VlokBb 4th wkJan
35,000
27,800
83,052
69,869 NevadaCentral.
3.663
3,090
23,49t>
39,462
31,.'^ 00
Vloks.Sh.&P. 4th wkJan
31,50c
67.618
66,545 N.Y.C.ifeH.B. Nov'mber.
January
4,250,319 3,789,861 4,280,319 3,789.861
Allegheny Val. January ..
264,508
224,164
224,lt)4 N.Y.Ont&W..
264,508
94,196
72,117
635.036
3dwk Feb.
507,761
Ann Arbor
3dwk Feb.
31,878
23,321
198,96f> N. Y.Susq.
238,673
AW. January .. 226,246 200,301
226.246
200,301
Ark. Midi and... December.
12.372
15,751
133,302
128,551
Norfolk* West. 3dwk Feb. 265,633 170,655 1,953,610 1,448,114
Atoh.T.&S.Fe.. January
3.678.665 3,228,323 3,678.665 3,2<!8,323 Northes'n{Ga.).
5.861
6.530
49,792
48,012
Atlanta & Char. December.
229,794 173,188 2,356 968 1,760.037 North'n Central September
January .. 657,236 558,836
657,236
558,836.
Atl.Knox.&No. January ..
32,10
32.103
27,411
27,411
North'n Paolflo 3dwk Feb.
458,022 367,865 3,327, l.=>9 2,727,160
Atlanta&W. P. December.
50,993
659,584
582,115 Ohio River...
16,3HV:
20,856
3dwk Feb.
155,838
123,486
At.Vald'8ta&W. January ..
17.893
6,535
17,893
6,535 Cfm.Kan.C.&E. Nov'mber
39,398
3^,515
Atl. & Danville. July
49,985
42.627
365,831
323,236 Omaha & St. L. Nov'mber.
41.209
39,015
AoBtln&N'wesi Nov'mber.
18.331
13,970
Oreg.RB.&Nav. 4th wk Aug 165,460 151,773 4,248,963 4,362,852
Bait. & Ohio.... January .. 2,830,535 2,199,544 2,830,535 2,199,544 Oreg.
8h. Line.. December.
690.124 655,609 8,024,635 7,025,694,
Bal. &0.8ou'w. 3dwk Feb.
134,007 119.688
952,881
883,358 Pac. Coast Co. December.
419,884 358,437 5,181,353 5,263,317
Bath&Ham'ndi^ December
3,309
39,193
3,397
36,614 Paolflo Mail
December. 350,790 34x,903 3,831,337 4,444,932
Bmnew'k&West January ..
59,116
48,884
59.116
48,384 Pennsylvania^.. January
6,424,271 5,312,171
.. 6,424,271 5,312.171
Bnff.Rooh.&Pltt SdwkFeb.
93.041
65,161
652,715
493,449 PeorlaDeo.&Ev. .Wwk Feb.
20,590
110,228
14,559
140,184
Boffalo & 8asq. December.
71,577
62,780
791,801
683,629 Phlla. A Erie... December. 445,274
376,317 5,348.029 4,574,443
Bur.C.Rap.&N. 3dwk Feb
93.183
98,708
616,699
621,098 Phlla.&Read... January.. 2,297,044 1,864,654 2,297,044 1,864,654
OanadlanPaoiflc 3dwkFeb.
476,010 429,000 3,615,071 3,167,570
Coal & Ir. Co. January .. 2,225,162 2,272,351 2,225,162 2,272,3.'>1
Oeni.of Georgia 3dwk Feb.
133,234
99,685
963,882
840,851
Tot. both Go's January . 4,522,206 4,137,005 4,522,206 4,137,005
Central N. E... January
53,918
51,543
53,918
51,543 Phil. Wllm. & B, January
863.240 730,840
863,240
730,840
..
Oentralof
J.. January .. 1,303,419 1,092,563
1,303,419 l,092,.'i63
1,648,137 1,427,000 1,646,137 1,427.000
Central Paoilic December. 1.331.805 l,270,07!S 18,068,161 15,971,012 Pltts.C.O.&St.L. January
Pltt8.Be8.&L.E. 3dwk Feb
20,101
123,262
18,373
178,061
Gharlest'n&Sav January ..
74,438
57,139
74,438
57,139 Pltts.Lisb.&Wn January..
4,716
3,437
4,716
3,437
Ohattan'ga Ho.. Sd-wk Feb
1,557
1,081
13,661
8,022 Pitts. &We8'n.. 3dwkFeb.
206,446
32,660
27,460
235.307
Ohes. &Ohlo.... 3dwk Ftb.
219,201
193,998 1,756,019 1,506,404
Pltt8.Cl.&Toi
Sdwk Feb.
17,606
15,657
133,703
117,406
ChlcBor. &Q... January .. 3,510.243 3,193,452 3,510,243 3,193,452
Pitts. Pa. & F. Sdwk Feb.
3.610
4,495
34,323
38,834
Ohlo.&East.IU. SdwkFeb.
108,365
93,173
792,559
662,626
Total
system
3 dwk Feb
53,876
47,612
362,686
403,333
Ohio. Gt. Weet'D 3dwk Feb.
129,770 118,774
903,483
783,070 Rloh.Fr'k8b&±' December.
861,175
80.671
70,298
931,075
Ohio. Ind. & L.. SdwkFeb.
73,371
58,810
539,052
405,651
33,482
354,272
46,482
407.239
Ohlo.MU.& 8t.P 3dwk Feb. 744.991 674,258 5,318,719 4,852.428 Rio Grande Jot. Nov'mber.
RloGrande
So'n
3dwk Feb.
9,936
7,426
69,384
60.26&
Ohlc.&N'thw'n. January .. 2,991,824 2,829,599 2,991,824 2,829,599
RioGr'da West. ;^dwk Feb.
84,000
53,500
602.500
373,400
Ohlo.Peo.«feSt.L.
Sag.
Tuso.
I January
139,188
H.
&
11,521
93,466
December.
143,534
138,998
139,188
10,684
93,466
8t.L.C.&St.P.
22.923
21,544
168,844
159,778
Obio.K'k I. <sP December. 1.864,388 1,790,645 22,619,822 21,445,647 St.Jo8.<feGr.l... SdwkFeb.
8t.L.Chl.&8t.P.
January .
26,801
31,503
26,801
31,503
Ohio.8t.P.M.<vO. January ..
791,325 823,809
791,325
823,809 8t.L.Ken'et& So January
8,500
6,946
8,500
6,946
Ohio.Ter.Tr.RR. 3dwk Feb.
2a,011
22,517
169,731
160,188 St.L.Van.&T.H. January..
151,796
146,60&
146,609
151,796
Ohio. & W.Mich. 4 th wkDeo
53,855
50,425 2,251,717 1,964,657 8t.L.&SanPran.
Sdwk
160,764
993.054
146,274 1,108,77,
Ohoo.Ok.&Gull. January .. *130,000 *123,958 "130,000
*123,958 St.L. South west. Sdwk Feb.
103,800
88,400
836.932
777,754
Feb
01n.N.O. <fel. P 3dwk Feb.
97,131
67.112
703,497
573,345 St.Paal ADol.. January ..
107,643
114.407
107,643
114,407
OIn.PortB.&Vlr January ..
28,435
21,485
28.435
21,485 8an.Ant.&A.P
01.Cin.Ch.&8t.i. 3dwk Feb.
299,567 245,683 2,221,438 1,778,882 SanFran.AN.P December. 184,762 172,48.^
January..
60,039
57,145
67,145
60,039
reo.&East'n vdwk Feb
1,49,213
34,283
309,350
213,620 S. Fe Pres. &Ph -idwk Feb.
19,409
16,801
148,858
116,053
01.Lor. &Wheel 3dwk Feb.
37,84 2
33,66t)
274,169
209,047 8av.Fla.&We8t. January.
310,60a
399,805 310,653
399,806
Ool. Midland.... J anuary
212,372 135,500
212,372
135,500 Sher.Shrev.&So 4th wkJan
36,.«07
19,772
18,328
39,941
Colorado i&So.. isiwkFeb.
90,190
82,809
SU.Sprs.O. A G January
20,174
24,785
24,785
20,174
Ool. Band'y A H 2dwk Feb.
20.814
10,790
80 Haven* E. January..
2.80(
1,902
1,902
2,800
Qrystal
October...
221
1,173
80. Miss. <fe Ark. January ..
10.500
10,500
7,750
7.750
OnmbM'd Valle^ December. 101.133
90.864
957,986
901,256 So. r'aoiflc C0.6. January.. 4.877,138 4,391,130 4.877,13? 4,391,130
Deny. A Rio Gr 3dwk Feb. 168,100 163,200 1,304,300 1,130,100
Cent Pacittc. December. 1,331,805 1,270,075 18,068,161 15,971,012
Det.G.RaD.
4th wkDec
39,297
41,531 1,623,898 1,524,404
Gal.Har.<bb..fi December.
520,332 529,980 6,028,745 5,451,972
Det.<& Mackinac December
62,761
37,689
717,183
622,190
Louls'a. West December.
127,685
126,514 1,398.477 1,238,960
Dnlath S.8.&Ati 4th wkJan
58,998
48,982
167,147
152,056
Morgan'sL&T December. 760,011 663,466 7.087,943 6,404,360
IglnJol.&East. January
178,626 137,766
178,626
137.766
N.Y.T. &Mej December.
24,495
291.529
336,454
29,743
ife
January .. 2,928,710 2,489,835 2,928,710 2,489,835
Tex. & N. Orl. Decem ber.
158 900 167,309 1.852,182 1,713,440
Mareka Springs December.
5.779
4.727
67,618
57,469
80. Pao. of Ca) December. 1,418,276 1,218,138 16,311,306 14.508,940
ByanB.&Ind'piie 3dwk Feb.
5,932
6,897
41,767
45,323
Bo.Pac.ofArlz December.
353,536 290,373 3,554,380 3,130,775
vansv. & T. H 3dwk Feb.
26.3 8
23,396
190,598
167,872
So.Pao.ofN.M December
163,461 1,972,857 1,594,«01
181,963
Find. Ft.W.&W. January ..
8,510
7,940
8,510
7,940 Southern Ry
619,236 508,547 4,494,468 3,737,726
VUnt&P.Marq. 4th wkDec
93,167
94,272 3,320,611 3,063,209 Stony ni.*O.MT 3dwkFeb.
December.
1,497
1,259
37,931
41,453
Fla.Cent.A Peu. 3dwk Feb.
52.171
49,040
373,339
350,343 Terre H. & Ind. January
138.319 115,121
115,121
138,319
Ft.W'th&Den.C 3iiwk Feb
31,587
27,649
228,293
216,383 Texas central. 2dwk Feb.
8,150
44,759
5,979
50,426
»t.W.&Rlo Gr 3dwk Feb.
6,086
8,864
49,532
66,288 TexasA Paolflo. SdwkFeb.
161,574 134,713 1,226,652 1,118,538
Bads. & Att. U. January ..
863
703
863
703 Tex.8.V.&N.W. December.
12,000
6,779
OeorglaRR
3dwk Feb.
36.04 3
27,206
258,450
217.948 Toi.&OhloCent Mwk Feb.
44,217
217,866
31,986
324,039
a*or«:la dc Ala. 3dwk Feb.
27,173
21,102
193,598
167,073 Tol. P. & West. Sdwk Feb.
22,75]
18,992
136,332
149,486
Geo. So. &Fla. January ..
109,285
76,201
109,285
76,201 Tol.St.L.&K.C SdwkFeb.
34,220
246,492
33,361
244,390
GUaVal. G.&N. December.
30,797
396,391
er.Tr'nkSyst'm 3dwk Feb
425,617 371,599 2,997,291 2,675,700 Union Pao. RR. December. 1,844.974 1,792,967 21,722,633 19,606,507
.SdwkFeb. 303,673 247,267 2,228,888 1,872,243
Ohlc.&Gr.Tr. 4 th WkDec 122,108 138,22.7 3,863,755 3,650,303 Wabash
179,810 148,710
148,710
179,810
W.Jersey&Sea'f January..
Det.Gr.H.&M. 4thwk Jan
21,525
20,060
76,464
71.004 W.V.Cen.&Plttf Nov'mber
113,142
96,146 1,185,203 1.059,283
Sreat North'n—
698,65."
648,249
67,889
58,967
Western of Ala December.
8t. P. M. & M. January .. 1,597,560 1,293,457 1,597,560 1,293,457
3dwk Feb.
65,700
54,30C
478,500
416,136
East of Minn. January
173,822 177,166
173,822
177,166 West.N.Y.&Pa Sdwk Feb.
37,645
28.396
277,482
189 058
Montana Cent January .., 213,611 180,630
213,611
180,630 Wheel. & L. Erie Sdwk Feb.
106,34^
15,433
12,223
89,414
Clev. C. A So.
Tot.8y8tiem Jauuarv .. 1,984,993 1,651,253 1,984,993 1,651,253
SdwkFeb.
53,078
40,619
278,472
383,830
Total
eKlfB'mnt&K.O 2dwk Feb.
5,105
4,178
32,676
28,272
95.942
92,162
732,147
660,696
Wisconsin Cent. ithwkFeb
Onlf & Chicago. September
5,728
4,544
15,128
7,694
7,694
January ..
15,128
Gulf (feSbipIsl. December.
336.150
211,417 Wrlgtttsv.&Ten. January
449.064
495,389 449,064
495,38^
Hooking Valley. 3dwk Feb.
8i",699
49,903
602.452
379,194 YazooAMissVal December.
•
7,116
73.162
5,639
84,336
HooB.Tun.&Wll. Heptember
5,581
5.455
42,894
40,404 York Southern.
HoaB.&iTex.C!eD December.
378,327 450,167
minoie Central. January .. 2,766,065 2,423,792 2,766.065 2,4"23',792
6 Does not include the the Austin & Northwestern, the San Antonio
51,725
48,737
fid.D«c.&We8t. Nov'mber.
553.658
498,263
(LIU. & Iowa. December.
Aransas Pass or Houston & Texas Central system.
&
94,935
68,663 1,033,423
836.944
iiiJkOt.North'n. 3dwk Feb.
77,700
65.837
576.051
e Results on Montgomery Division are included In 1900, but not for
536,662
Unteroc. (Mex.) Wk Feu 3.
76,400
77,(!00
372,400
363,480
1899. 'Figures are for the railroad only.
Iowa Central. . 3dwk Feb.
44,212
41,956
Ohio 80' western, Ohio Valley and Chicago
Iron Ball way... January ..
t Includes Chesapeake &
6,794
4,057
"4,057
6,794
Kanaw'a<fe Mloh 3dwk Feb.
Results on Yazoo Branch excluded in
years.
13,178
10.260
both
for
103,096
Texas
and
77,668
K.O.F.8oott<feM. 3dwk Feb.
88,374
81,231
701,719
555,789
In 1898 until July 1.
Included
but
1899
K.O.Mem.&Blr. 3dwk Feb.
30,856
23,737
245,069
200,915
currency. ^ Covers results of lines directly operated east
t Mexican
Kan. C. N. W.... January ..
82.345
25,595
32,845
25.595
of Pittsburg.
RAILROAD EARNINGS.
K.O.Pitts. AG. 4thwkMay
Kan.C.Sub.Belt Nov'mber.
L.Erte & West.. 4 th wk.Tan
.
.
.
.
Je<(.
.
.
.
&W
ii
.
—
..
March
.
.
THE CHKONIOLK
3, 1900.]
Latest Gross Earnings bv Weeks.—The latest weekly earnings in the foregoing are separately summed iip as follows:
For the third week of February our preliminary statement covers 65 roads and shows 19*30 per cent increase in the
aggregate over the same week last year.
3d week of Feb.
Alabama
1900.
Gt. Southern...
Ann Ajbor
..............
Bait. <fe Ohio Southwest..
Buttaio Rooh. & f Ittsb's:.
Bart. Ced. Rax). & North
riATiAdlan Paolflo.
..
Central of Georgia
Chattanooga Southern.
ChesaDeafee A Ohio
Ch oaeo & Ea«t. IlUnola
Ohio. Great Western
.
Uhlo.Indlau'lis & Loulsv.
Chlcasro Mllw. & St. Paul
Chlo. Term. Transfer....
Cin. N. Oris. & Tex. Pao..
Clev. Cln. Chic. & St. L..
Clev. Lorain & Wheel'g..
onover & Rio Grande...
EvansT. <& Indianapolis.
Evansv. & T«rre Haate.
Ft.
Worth &Denv. C
eu Worth
<fe
Rio Grande.
...........>
Oeorfirla
Georgia A Alabama
Grand Trunk...
Uet. Gr. Hav. & Mllw.
Hooblnt; Vallev..
Intern! & Gt. North'n
Iowa O
intral.
>
5
...
.... .....
K.anaw(ia<fe Michigan...
Kan. City Ft. 8. AMem.
Kan. C. Mem. & Blrm
Kansas City & Omaha
Lonlsv. Evansv. & St. L.
.
Loulsv.
&
Nashville
Mexican Central
Mexican National...
•ClnneapoUa & St. Louis.
Minn. St. P. &8. Ste.M..
rdo. Kansas & Texas
Mo. Paolflo, Iron Mt
Central Branch
N Y. Ontario & Western
Norfolk & Western
Northern Pacihc. ........
Ohio River
Peoria Deo. & Evansv...
A L. Erie...
& Western....
Plttsb. Bess.
Pittsburg
RaO Grande Soutnern
Bio Grande Western
B'o. Josepu <s tid. Island
Louis & San Fran ..
St.. Louis Southwestern..
Santa Fe Pres. & Phoealx.
Boutheru Railway
...
St.
39,408
31,878
134.007
93.041
93.183
476.000
133,234
1.557
219,201
108.365
129.770
73,371
744 991
23.011
97.131
299.567
37,842
168.100
5,932
26.382
31.587
6 086
36,043
27,173
425.617
81.699
77.700
44.212
13.178
8-1.374
30 856
3.701
31,790
540,165
349,466
145.09D
47,516
81,352
230.496
517,000
19,000
94,196
265.633
4&8 022
20 85b
20,590
20.101
53.876
9,936
84,000
22 923
160,764
103.80.
1899.
Increase.
S
31.050
23.321
119,688
S
8,358
8,557
14,319
5,525
47.000
33,549
476
25,203
l,'i.l92
10,996
14,!i61
70,733
494
30,019
53,884
4,186
4,9U0
965
> >
2,986
3,938
2,778
8 837
6,071
371.599
49 903
65,837
41,956
10.260
81,231
23,737
3.810
29.534
54,018
31.79f
11.863
2,256
2.918
7.143
7,119
109
2,256
125,070
94.865
23,033
415.0tf5
2o4,60l
122,007
48,796
63.6iy
215,874
1,280
>•
17,893
14,t>22
453,i;00
64,000
22,000
3,000
72117
22,079
94,978
90,157
170,655
367,»6&
16,382
14,559
18,373
47,«12
7.426
4,474
6,031
1.728
6.264
2,510
53,.'i00
30,5U0
21,544
1.379
14,490
15.400
2 608
110.689
26.861
12.231
3,. 59
146 274
88.400
16.801
508,547
Toledo
& Ohio Central...
T 'edo Peoria AWest'n.
Tol St. L. & Kan. City..
Wabash
303573
247,ii67
65,700
37,645
88 2^3
54.300
28,396
12,223
79,106
11.400
9,249
3,210
9,117
8,490,750
7,117,287
1,337,120
1,373,463
Paoilio
& Pennsylv
& Lake Erie...
Clevel'd Canton & So..
West. N. Y.
Wneellne
w>rtoonein Central.......
Total (65 roads)
Net increase (1930
I54a3
.......
27.880
65.161
98,708
429.000
99,685
1,081
193,998
93,173
118,774
58,810
674.258
22,517
67,112
245,683
33,656
163,200
6.897
23,396
27.649
8.864
27,206
21,102
19.409
619,236
161.574
44.217
22 751
34.220
loxasA
Decrease.
134,71;-
31.986
18,992
33,361
:> c.l.
'
«•• . *•.
859
56,30«
13.657
For the second week of February our final statement covers
and shows 30- 19 per cent increase in the aggregate
over the same week last year.
ot
February.
1900.
S
Previously rep'd (61r'd8)
Chattanooga So ithern..
Fla cent, at, Penin
ernationai * at, Wo.
1
Kansas Cltv
Peoria
&
& Omaha...
Eastern
aanta Fe Pres. & Phoenix.
Texas Central
•'olftdo *, Ohio nentral
Toledo Peoria & West'n.
.
3,72'.:
49,213
20,531
8,150
44,134
18,093
8,406 336
Total (70 'oads)
Net increase 30-19
8,124.726
1,971
51.615
84.181
do.'.
.... ...
1899.
$
6,247,584
766
43.41?-
65,457
3,810
34,283
14.717
5,979
25,188
15,755
Increase.
Decrease.
$
$
1,880,097
1.205
8.200
18,724
2,955
>
88
>
•*
• >
14,930
5.814
2.171
18,94«)
2,338
6,456,954 1,952.425
1,949.382
3,043
..
—
Net Earnings Montlily 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 February 24,
1900.
The next will appear in the issue of March 17, 1900.
-Gross Earnings.
OurrenL
Year
Roads.
>
Previous
-—Set Earnings.
Previous
Current
Year.
Tear.
Year.
$
53,280
61,709
182,804
158,636
382,009
435,637
1,284,970 1.078,658
91,076
Allegheny Valley. b. Jan.
71,552
224,164
264,508
1856.763
Atoh. Top. dtS. Fe.b.Jan. 3,678.665 3,228,323 11,466,796
Julyl to Jan. 31... 27,206,864 24,315,958tl0,809,478 t7,246,044
1,959
Bath & Hammonds.. Deo.
1,941
3,309
3,397
17,027
Jan. 1 to Deo. 31....
21,043
36.614
39.193
16.196
Julyl to Deo. 31....
18,032
28,285
26,576
AlaOamaGt. So'th.a.Jan
Julyl to Jan. 31
.
.
f}ro»*
Xamtngs.
Current
.
Previous
— NetBarnxn-os. ——
Current Previmis
Year.
Year.
Year.
Year.
Roads.
*
$
»
»
Bull. R. &Plttbs.b..Jan.
385,749
297,966
145,8P1
94,42&
July 1 to Jan. 31
2,663,820 2,303,447 1,025,928
800,407
Canadian Paolflo. a..Jan. 2,152,071 1,864,570
691,590
617,534
Cent, of Georgia. a... Jan.
550,825
509.214
158,984
154,601
July 1 to Jan. 31
3.718,23 2 3,662,917 1.260,760 1,S26,707
Central New En g.... Jan.
53.918
.'>1,543
18 536
16060
July 1 to Jan. 31
445.974
390,321
1 09,473
130,094
Obeeap. & Ohio a. ...Jan. 1,101.250
924,410
289,859
281,716
July 1 to Jan. 31.... 7,969.546 7,183.110 2,708,599 2,458,396
Ohio. Bnrl. &Qnln.b. Jan 3,510,243 3,193452 1,230,932
98e,384
July 1 to Jan. 31... .29,021.921 26,505.646 11,808,310 10.850,086
Chlo. & East. lU.b. ..Jan.
470,817
398,234
230,086
189,674
Julyl to Jan. 31.... 3.151.316 2,762,219 1,500,830 1,299,878
Ohio. M. & St. P.a. ..Jan. 3,210,813 2,950,410 1,022,789 1,008,16^
July 1 to Jan. 31... 25,797,162 23,280.759 9,190,842 9,615.404
Oln.N.O.&Tex.P.a.Jan.
430,541
356.715
102,824
102,847
July 1 to Jan. 31.... 3,035,815 2,827,467
908,071
972,506
01ev.Cln.C.&8t.L.a.Jan. 1.301,189 1,041,832
336.997
247,478
July 1 to Jan. 31.... 9,977,899 8,825,081 3,147,093 2,511.642
Erie. a
Jan. 2.928,710 2,489.835
569,987
394,537
July 1 to Jan. 31.... 23.282.525 19,795,946 6,367,533 5,385,65&
Ga. South. & Fla. a. Jan.
109,285
76,201
29,016
20,074
July 1 to Jan. 31
6iJ5,183
562,763
211,946
169,173
Hocking Valley. a.. ..Jan.
361,393
229,485
143,889
69.150
Julyl to Jan. 31
2,504,433 1,668,639 1,025,156
548,091
Lehigh Valley RR.a.Jan. 2,202,548 1,706.972
343,797
141,467
Deo. 1 to Jan. 31 ,. 4,289,«42 3.604,435
751,755
492.15T
Lehigh V. Coal Co.a.Jan, 1,672.232 1.636,330 def 24,6*1 def.29,314
Dec. 1 to Jan. 31..., 3,498,299 3,418,921 def 8,432 dt.111,619^
Lehigh Valley In N. Y.b.Oct. 1 to Dec. 31
1,644,559 1,659,755
244,494
535.024
Jan. 1 to Deo. 31
5.757.966 5,686,433
499.134 1,852,921
Lonlsv. & Na8hv.b..Jan. 2,392.303 1 928 687
863,633
591.31 &
Julyl to Jan. 31.... 16,519,722 13!814',485 5,786.922 4,761,383
Mexican National. .Dec.
643,633
618,403 C309.992 c306,838
Jan. 1 to Dec. 31.... 7,087,675 6,330.920 c3.410,402 c2,991,789
Minn. & St. Louis.a. Jan.
197.552
172,781
71,605
64 627
Julyl to Jan. 31.... 1,744,962 1.413.672
742,601
611,554
Nash. Ch. <fe8t. L.b.Jan.
584.906
515,038
209,863
146.130^
July 1 to Jan. 31
3,839,313 3,713,524 1,354,494 1,344,318
N. Y. Ont. & West.a. Jan.
Sgi.^JSi
322.374
109,330
100,438
Julyl to Jan. 31.... 3,070,399 2,468,019 1,022,765
767.598
N. Y. Sus. & West.a.. Jan.
226.240
200,301
100,851
90,41 S
Julyl to Jan. 31..., 1.644,384 1,457,741
786,044
725.315
Northern Central. b. Jan.
6.57,236
558,836
186,228
148,92&
Ogdensb. & L. Champlain.b—
Oct. 1 to Dec. 31....
167,749
195,872
86,827
48,861
Jan. 1 to Deo. 31
633,619
704,977
193,628
149,47 &
Pennsylvania-
70 roads,
2d week
425
Lines dlrectlyoperated—
East of Pitts. & £.. Jan. 6,424.271 5,312,171 1,776,997 1.182,697
West of Pitts. & E.Jan.
Inc. 790,600
Inc.
271,700
PeorlaDeo.&Rv.b..Deo.
100.796
85,994
67,918
36,F47
Jan. 1 to Dec. 31
914,116
834.896
203,520
96.267
Phlla. & Reading .b. Jan. 2.297,044 1,864.654
804,515
716,645
July 1 to Jan. 31.... 16,038,821 13,859,141 6,179.684 5.971,773
Coal & Iron Co. b.. Jan. 2,225,162 2.272,351
281,866
194,627
July 1 to Jan. 31. ...18,882,095 14,593,727 1,798,993
998,364
Total both Co.'s..b..Jan. 4,522,206 4,137,005 1,086,381
911,272
July 1 to Jan. 31... .34,920,916 28,452,868 7,976,782 6,970,137
Reading Co. b..... Jan
18,161
14,862
July i to Jan. 31
138,189
119,099
Total all Com p's.b. Jan
1.104,542
926,134
July 1 to Jan. 31
_.
8,114,871 7,089,236
Phlla.Wllm&Bsilt.b Jan.
863,240
730,840
215,883
172,983
Dec. 1 to Jan. 31
2.774,402 2,396,002
865.082
672,382
Pitts, C. C. ASt.L.a Jan. 1,648,137 1,427,000
460,874
409,580RioOrandeSouth.b.Jan.
41.173
38,199
18.892
18,714
July 1 to Jan. 31...,
317,750
303,813
157,051
149,537
St. Louis <Jt San Ft. b.. Jan,
651.141
604,670
252,894
222. 619'
July 1 to Jan. 31
4,805,594 4,311,047 2,055,427 1,757,063
8t.Loul8 Southwest.. Jan.
502.832
502,554
190,035
168.344
Julyl to Jan. 31.... 3,725.757 3,742,163 1,248,303 1,166,566
Southern Paolflo. 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
Santa Fe Pres.A Ph Dec
90,900
78.677
56,539
35,295
Jan. 1 to Dec. 31
927.130
836,990
484,7a7
424,309
July 1 to Dec. 31
482.150
432.623
209.229^
274.019
SonthernRallw'y.a. .Jan 2.630,032 2,256,908
770,301
710,>'41
July 1 to Jan. 31. ...18,532,156 16,509,022 6,167.902 5,420,598
Tenn, Coal I. & RR.,Jan
312,972
79,337
Texas Central. a
Dec,
44,098
43,576
23,149
21,714
Jan, 1 to Deo. 31
350,131
394,419
130,458
168,940
Toledo AO.Cent.a—
July 1 to Dec. 31.... 1,144,607
998,450
378,593
273,169
Trenton Gas & Elec.Jan.
25,668
9,690
Mar. 1 to Jan. 31 ...
206.994
82,501
Wabash, b
Jan. 1,314,583 1,138,488
347,383
243,02 »
W. Jersey <S 8ea8h.b,.Jan.
179,810
148,710
16.804
12,304
Wisconsin Central. b. Jan.
388,329
354.222
109,118
111.632
July I to Jan. 31... 3,425.685 2,972.789 1,372,054 1,226.11&
.
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
c Deduotlngotherexpendltures for repairs, replacements and generj 1
expenses, net Income applicable to interest on bonds In December was
$98,383, against $153,635 last year, and from January 1 to December
»1, $1,516,017 against $1,335,849,
This is the result In Mexican
dollars treated (according to the company's method of keeping its
aooounte) as equivalent to 80 cents in United States money— that is,
depreciation beyond 20 per cent has already been allowed for.
t For Jan., 1900, taxes and rentals amounted to $150,860, against
$146,682, and from July 1 to Jan. 31, $1,077,761, against $987,869,
after deducting which net for Jan., 1900, was $1,315,936, against
$710,081. From July 1 to Jan. 31. 1900. net after deducting taxea
and rentals is $9,731,717, against $6,258,175.
Interest Charges and Surplus,— The following roads, in
addition to their gross and net earnings given in the fore-
...
—
..
) ..
.
THE CHRONICLE.
126
going, also report charges for interest, &c., with the surplus
above or deficit below those charges.
-Int., rentals, etc.
^Bal. of fTetFam's.-^
Current Previous
Current Previous
Tear.
Tear.
Tear.
Tear.
Soad*.
«
$
4.938
Central New Eng.... Jan.
11.122
12,517
6,019
57,321
July 1 to Jan. 31
21,b76
87,797
72,773
143,426
Chlo. Burl.A Qulnoy. Jan.
390,932
842,958
840.000
July 1 to Jan. 31.... 5,880.000 5,900.705 5,928,310 4,949,381
'70,271
*116.970
Chlo. & E. Illinois... Jan.
126,260
125,809
*539.409
July 1 to Jan. 31
*759,173
892,729
888,114
9.092
101.931
Clev. Cin. Oh. & 8t. L.Jan.
235,066
238,386
820,391
Julyl to Jan. 31
1,672,912 1,691,251 1.474,181
*83,960
Hooking Valley
Jan.
59,941
*655.363
July 1 to Jan. 31
507,446
14,26.'>
Washv. Chat. &8t.L..Tan.
66,505
131,865
143,353
425,681
July 1 to Jan. 31...,
394,436
960,058
918,637
Fhiladelphia & Readi ng—
169,980
All companies
332,542
Jan.
756.154
772,000
July 1 to Jan. 31
5,404,000 5,293,081 2.710,871 1,796,155
144,653
Pitts. C. C. & St. L....Jan.
172,506
288,368
264,927
1.041
l'',6Td
Bio Grande South.. Jan.
1,109
17,783
24.324
July 1 to Jan. 31....
31,585
125,466
125,213
lenn. Coall. &KR..Jau.
32.774
258.196
54,776
46,563
Trenton Gas & Elec. Jan.
2.884
6,806
Mar. 1 to Jan. 31
13.168
69,333
*22.463
Wisconsin Central... Jan,
136,362
99.974 df.*25,901
•399,743
*468.438
July 1 to Jan. 3i
915,137
900,688
*
Northern
earnings, etc.,
—We
the gross and net
of the Northern Pacific for January and the
Pacific.
seven months to January
give below
31.
July 1
—
Jan. 31,
1900.
1899.
Jan. 1900. Jan. 1899.
$
$
$
$
1,913,892 1,572,266 18,513,057 16.359,310
978,012
837,487 8,213,485 7,053,960
,
Gross earnings
Operating expenses
Net earnings
Taxes,Tentals,bet'na't8,&c.
935,880
223,207
Net operating income. 712,673
Miscellaneous income, not
including land sales
55,021
Net income—
Main system
767,694
Proprietary lines
18,645
Total
786.339
to
734,779 10,299,572
128,751 1,815,669
9,305,350
1,598,612
606,028
8,483,903
7,706,738
7,019
353,263
248,800
613,047
24,808
8,837,166
186,490
7,955,538
637,855
9,023.656
8.242,035
286.497
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 month.
STREET RAILWAYS AND TRACTION COMPANIES.
first
Latest Oross Earnings.
Gross
Earnings.
Amsterdam
St.
WeekorMo
Ry
.
.
& Power
Atlanta Ry.
(Ga.) Ry.
&
Elec
Binghamton
Ry..
Bridgeport Traction
Br'klynRap.Tr. Co.t.
Chicago & Mil. Elec.
Chicago Union Tract.
Cin.
Oin.
St.
& Miami Val
Newp. & Cov.
. .
City Elec. (Rome.Ga.)
Cleveland Electric.
Cleve. Painsv. & E.
Col. Sp'gs Rap.Trans.
.
Columbus
(O.)
Ry
Dart.& W'port St. Ry.
Denver City Tram..
.
Detroit Clti'ns'St.Ry.
Detroit Elec. Ry
Detroit Ft. Wayne &
Belle Isle
Total ol all
December.
January ..
Uur'nt Prev'us
Tear.
5,063
36,250
Nov'mber.
January ..
January ..
Nov'mber.
January
January
January .
January
January ..
January ..
January ..
Nov'mber.
January ..
January
January ..
14,203
13,023
29,740
912,149
6,432
587.021
.
11,799
.
57,196
2.716
156,726
7,245
10,681
74,999
.
6,388
94.789
Feb. 27,798
Feb. 11,116
.
3dwk
3dwk
Tear.
4.666
Jan.
1 to Latest
Date.
Current
Previous
Tear.
Tear.
i^S.gil
53,969
36,250
16,360
10,918
13023
10,918
26,032
29,740
26.052
820,257 9,678,680 8,995,545
2,932
6,432
2,932
531.658 587,021 531,658
8,474
11,799
8,474
49,871
57,196
49,871
1,677
2,716
1,677
143,582
156.726 143,582
6,467
7,245
6,467
7,448
74,999
.5,412
6,388
5,412
92,391
94,789
92,391
22,106 199,380 165,367
7,828
79,057
58,942
3dwkFeb.
4,190
3.432
SdwkFeb. 43,104 33,366
21,369
24,367
14,384
24,884
16,860
30,599
309,036
235,266
12.418
20.799
24,884
20,799
ion&F'kfortEl.Ry. January ..
4,343
Houston Elec. St. Ry. December. 23,177
Internat'i TractionBuffalo Ry
Nov'mber. 113,047
Crosstown St. Ry.
of Buffalo
Nov'mber. 43.664
Buffalo Traction
Nov'mber.
6,951
Buff.Bl've&Lan'r. Nov'mber.
3,644
Buff. &Niag. Falls. Nov'mber. 10,437
Buff. & Looliport .. Nov'mber.
7,928
Niag. Falls & Sus
pens'n B'dve Ry. Nov'mber.
5.637
3,154
21,155
4,343
217.989
3,154
202,622
DuluthSt. Ry
December.
Easton Consol. Elec. December.
Erie Electric Motor.. December.
Harrisburg Traction, January ..
Herkimer Mohawk II
. .
Niag. Falls Whirlpool & North'n.
Nov'mber.
Niag. Falls Park &
267
.
River
Nia. Falls
& Susp'n
Nov'mber.
I
757
Bridge
Nov'mber.]
1,946
Lewlst'nConn.Bdg. Nov'mber.
115
Total
December. 1221.083
rvoL.
25,091
249,403
209,088
Jan. 1
Latest Oross JUarnings.
Gross
Eabninos.
Week orJIo Our'nt
Tear.
Lxx.
to Latest Date.
Prev'us Current Prtviout
Tear.
Tear,
Tear
S
Interstate Consol. of
North Attleboro..
January
Johnstown Pass. Ry. January
Kingston City Ry
January
Lebanon Val. St. Ry.. January
.
Lehigh Traction
Lima Railway (Ohio)
Lorain St. Railway..
Lorain & Cleve
Los Angeles Railway
Los Angeles Tract
Macon
Consol. St.Ry.
Mass. Elec. Co.'s
Metro. (Elev.)Chicago
Metrop. St. By.(N.Y.)
Montreal Street Ry..
Ry
Ry
Muscatine
Newburg
St.
St.
New Castle Traction.
New London St. Ry..
New Orleans City
North Chicago St.Ry.
Northern Ohio Tract.
Norwalk Tramway ..
Ogdensburg St. Ry..
Richmond Traction..
..
.,
..
January ..
January ..
J anuary
December
Nov'mber.
.
December,
Nov'mber.
January ..
January
.
.lanuary
January ..
December,
January ..
January ..
January
January ..
January
January
January
January ..
January .
January ..
January ..
January
December.
December.
.
.
.
.
SohuylkiU Val. Trac.
Scranton Railway ..
S. SideElev. (Chic.)..
Staten Island Elec
Syracuse Rap.Tr.Ry.
Toledo Traction
October
Toronto Ry
January ..
Twin City Rap. Tran December.
.
.
Alter alio wring for other income received.
Augusta
J
...
..
.
. .
Union (N. Bedford)..
United P. &Transp..
United Traction— )
Albany City
United Tract. (Pitts.)
United Tract. (Pro v.)
Unit. Trao. (Reading)
West Chicago St. Ry.
$
10,754
13,198
13.198 10,754
10,598
13,417 10,596
13,417
4.262
4.169
4,262
4,169
3,412
4,445
3,412
4,445
8,362
8,756
8 756
8,352
3,419
3 663
3,419
3,663
6,760
7,999
7,999
6,760
73.037
5,910
92,629
6,348
65,673 63,753
163,i92 111,963
16,041 12,322
6,433
5,588
315,462 280.760 315,462 280,760
137,806 112,124
137,806 112 124
a6ii35S 104-1549 1,162,352 1,044,649
136 086 125,276 136 086 125,276
67.289
6,689
5,284
61,9 14
4,888
5,722
5,722
4,883
6,172
8,536
6,172
8.536
3,201
2 9.^8
3,201
2.938
109.054
108 843 109,054 108,843
224,518
246,778 224,518 246,778
24,135
28,842
28,842 24,135
3,347
3,774
3,347
3,774
1,182
1,280
1,182
1,280
10,031
12,660 10,031
12.660
4,142
4,882
4,142
4,882
30,244
33,688 30,244
33,688
107,731
93,579
107,731 93,579
203 941 201,720
13.035 12,598
53,266 44,295
509,358 458,643
89,421 80,774
95,690
113,703 95,690 113,703
236,629 209,788 2,522.793 2,170,715
18,982
15,437
1S,9:!2 15,437
January ..
January
Inc. 23, 514
Inc. 23, 514
January
94,173
90,549 94,173
90,549
119,590
January
141,239 119,590 141,239
December, 176.116 157,820 2,018,647 1,773,910
January .. 15,895 12,877
15.895
12,877
January .. 340,2431307,140 340.243 307,140
flgores include results on Brooklyn Heights, Brooklyn Ele1 These
vated and Nassau RR. for all periods, but the Kings County Elevated
is tnoluded only for October and November.
.
.
.
—
Street Railway Net Earnings. The following table gives
the returns of Street railway gross and net earnings received
this week.
In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads that is, we print each week all the returns received
that '^ H-ei. but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found
in the Chronicle of February 24, 1900.
The next will appear in the issue of March 17, 1900.
— liross Karnings.
Net Enrnings.
Current Previous
Current Previous
—
.
Tear.
9
Roads.
Atlanta Ry & Pow.b. Jan.
B ridgeport Traot'n
36,250
29,740
230.091
117,811
46,874
18,237
182,922
,
.
Tear,
Tear.
Tear,
$
$
14,702
$
26.052
212.979
98,055
35,066
14,973
148,094
12,868
105,234
60,571
16,045
7,403
84,019
9,515
93,736
44,364
12,098
5,587
62,049
Jan.
4.343
3,154
July 1 to Jan. 31
29,601
24,378
Jan.
Lima Ry. (Ohio)
3,683
3,419
July 1 to Jan. 31
11,478
10,467
Twin City Rap. Tr.b. Deo.
236,629
209,788
Jan. 1 to Dec. 31
2,522,793 2,170,716
United Trao. (Pitts.) .Jan.
141,239
119,590
July 1 to Jan. 31
1,045,916
939,688
2,445
14,685
1,014
3,623
135,369
1,365.821
75,532
583,730
1,424
11,867
1,049
3.546
118,674
1,151,323
55,169
515,571
July
1 to Jan.
.
.Jan.
31
Detroit Cit's' 8t.Ry. .Jan.
Detroit Electric Ry.. Jan.
Det. Ft.W.&B.I.Ry..Jan.
Total of all
Jan.
Herkimer Mohawk
Illon.
& Frank. El.Ry.
.
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
surplus or deficit above or below those charges.
.
—
Tnt., rentalt, <6c.
Current
Tear,
Roads.
Atlanta Ry.& Power. Jan.
Twin City Rapid Tr.Dec.
Jan. 1 to Deo. 31
United Trac.(Pitts.) .Jan.
July 1 to Jan. 31
—
$
11.542
65,956
815,796
58.013
384.693
—
Previous
Tear.
$
64,044
777,668
51,715
361.100
^Bai. of Net Xamt.-~
Previous
Current
Tear,
»
3,160
69,413
550,025
17,519
199.037
Tear.
i
54,630
373,655
3,454
152,471
ANNUAL REPOR'rs.
Grand Trunk Railway.
CStatement for year ended Dec. 31, 1899.
Gross earnings
TraLsportationexp....
Net earnings
1899.
1898.
1897.
&
&
£,
4,406,000
2,892,000
4,012.234
2,671,883
3,969,642 3,787,285
2,597,372 2,681.879
1.514,000
1,340,351
1,372,270
1,105,406
980,0C0
975,825
972.528
969.326
534,000
364,526
399,742
136.080
1896.
&
revenue charges,
Net
less credits
Netincome
(4)20:^,792(4)201,792
on guar, stock
do. on 1 St pro r. stock,. (5)171,000(3)102,600
do. on2dpref. stock.. (3i4)82,226
Div.
Balance
-V.
70, p. 328.
sur.71.983 eur. 53, 1348ur.399,742sur. 136,080
J
,
March
THE CHRONICLE.
1900.1
3,
Atlanta Knoxville
Tnc.
Earnings—
PasBenger
1899.
8,030
2,511
$42,736
119,901
8,007
2.026
398
434
'$220,224
$173,104
$35,081
44,062
12,533
44,744
19,361
$33,593
36,245
*$155,';81
$132,170
$40,934
$43,622
165,663
Freight
MaU
Express
Miscellaneous
Total earnings
Expenses —
Conducting transportation
Motive power
Maintenance of cars
Maiutenance of way
General expenses and taxes...
Total expenses
Net earnings
1898.
$64,442
Per cent oper. exp. to gross earn
ill
or Dec.
1899.
I.
/.
45,761
/. 23
485
D. 37
I.
$47,120
I. $1,488
/. 7,817
/. 1,302
11, 230
/.
7.
/.
12,062
7. 911
76.
days.
—The operations, earnings, charges, and balance
sheet were:
OPERATIONS, EARNINGS AND EXPENSES.
1896-7.
463
1895-6.
453
Odctci tiotis
Passengers carried.
686.157
735,371
654,659
647,823
Pass, carried 1 mile. 31,592.251 26,751,550 26,492,635 28,870,8'21
Tons carried
l,473,fiS7
1,060,501
1,091,368
1,060,917
Tons carried 1 mile.246,290,490 182,188,234 176,390,019 166,716,788
Earnings—
$
Passenger
Freight
Miscellaneous
Total
Expenses—
Mainten.of way, Ac.
Mainten. of equip...
Cond'n transporta'n
General
Total
Net earnings
$
$
$
680.800
725,668
2,840,206
295,160
624,400
2,258,403
281,727
633,556
2,320,949
252,067
2,198,092
264,413
3,861,034
3,164,530
3,206,572
3,143,305
455,527
492,765
1,383.385
134,089
402,636
388,055
1,224,939
111.924
486,781
324,145
1,124,482
238,732
476,675
1,122,384
220,019
2,465,766
1,395,268
2,127,554
1,036.976
2,174,140
1,032,432
2.107,540
1,035,765
288, '>62
INCOME ACCOUNT.
1898-9.
1897-8.
Net earnings
$1,385,268 $1,036,976
Other receipts ....
a,035
2,453
Taxeg
Int.on bonds
Belt's and sdd's..
Miscelteneous....
Total
.$1,398,293
$1,039,429
1898-9.
$85,471
742,230
94.4C8
109,721
$1,031,^30
Total
Surplus for year.. $366,463
405,422
64,4i'6
Bills rectivable..
387,806
118,837
etc..
Cash
Total
— V. 70,
1897-8.
$09,5*6
777.150
108,rt56
37,85U
$9W3.202
$i6,229
1898.
$
$
lo.nno.ooo
Bond."
14,868.000
Vouch. & pay rolls 481,925
Interest on bonds
277,880
Open acc'ts, etc
.38 599
Proprietary cos
299,665
Miscellaneous
181,259
Balance, surplus.. 3.125.(;88
25fi,«39
10 0(0.000
15.442,000
284,778
283.770
47,210
.
.
123,207
25!t.(88
. .
29,038,081
.29,273,017
1899.
lAabiUliea—
Stock
«
28,319.346
26 825
255.665
51,106
Total...
.29,273,017
p. 230.
48.017
2,673,224
29,038,084
Mexican Central Railway.
(Preliminary Statement for 1890.
The approximate results for 1899 compare as below. The
fixed charges in 1899 were paid entirely from the earnings of
the company. The deficits in prior years were made up by
withdrawals from the subsidy trust fund.
EARNINGS, EXPENSES AND CHARGES.
1899.
1898.
1897.
$
$
%
1896.
jG
15,602,065 13,588,966 12,845,819 10,208,020
10,402,970 9,161,432 8,829,471 6,744,273
Netearnings(Mex.cur.) 5,199,095
4,427,534
4,016,348
3,463,747
48-41o.
46-5 9c.
48-24C.
5317c.
2,516,961
2,062.805
1,937,483
+65,652
1,841,515
+ 489
—26,877
—3,993
Bal. for fixed charges. 2,582,614
2,483.435
2,063,294
2,476,517
1,910,606
2,449.553
1,837,522
2,320,533
99,179
413,223
538,947
483,011
Average rate receiv'd for
Mexican dollars
Net earnings equivalent
in U. 8.
currency
Fixed charges
—
453
Materials &HUPP.
$
Balance of miscel.items.
—
1897-8.
28,306,487
Operating expenses
President Thomas H. Hubbard says in substance:
New Bonds. The company took possession July 1, 1898,
of the Waco & North nrestem Division, extending from
Bremond to Ross, 54"77 miles. The purchase price was
$1,255,000, to be paid in first mortgage 6 per cent thirty-year
bonds of the H. & T. C. RR. Co. at par, so far as the Railroad Commission of Texas may authorize such bonds upon a
property conveyed, and the balance, if any, to be paid in cash.
(These bonds were authorized by the stockholders on Jan. 19
last.
V. 70, p. 230.~Ed.)
General Results.— 'Ea.rnings from through passengers decreased $1,102, or 605 per cent; earnings from local passengers increased $102,370, or 23*54 per cent. The average
receipt per passenger per mile was 2-297 cents, against 2 334
cents in 1898, Earnings from through freight increased
$400,501, or 23 40 per cent; earnings from local freight increased $181,303, or 33-12 per cent; the average receipt per
ton per mile was 1-315 cents, against 1240 cents in 1898. The
average cost of maintenance per mile of main track operated
has been $897, against $889 per mile in the preceding year.
The company handled an increase of 19-76 per cent in ton
miles, with an increase in train mileage of 5 '46 per cent
and in freight car miles of 13*13 per cent. The average train
load was 220-72 tons per train, against 19034 tons in the
preceding year, a gain of 15-96 per cent. The expenditures
for betterments and additions amounted to $94,408, and
are charged against the income of the year.
Bonds Paid. During the year $488,000 fi.ve per cent debenture bonds were purchased and retired. From the sale of
certain lands there have been purchased and canceled $86,000
face value first mortgage five per cent bonds, and there have
also been called $177,000 first mortgage five per cent bonds
not presented at the close of the fiscal year, on which interest
has ceased.
Damage by Floods.— In July, 1899, the central' part of the
State was visited by a rainfall unprecedented for many
years, causing damage the cost of repairing which will
probably extend over the next two or more years. The
damages to the cotton crop and other property by these
floods were immense, and their effect will be reflected in tbe
diminished earnings of the next cotton season. Traffic over
the entire line was resumed after an interruption of only 15
508
—
Gross earnings
Honston & Texas Central RR.
(Report for the year ending June 30, 1899, J
1898-9.
Road & equip
Securities owned
Opeuacc'ts,
30.
1898.
$23,611
$23,508
•Extraordinarv expenses (not Included in above) were $37,569 in
1899 and $20,323 in 1898. Interest charges for six months, $25,000.
The first mortgage f) per cent bonds were listed this week
on the New York Stock Exchange.— V. 69, p. 1145.
Miles operated
Ie99.
Afsets —
$887
/.
32,682
18.420
70*5,
427
CONDENSED BALANCE SHEET JDNE
& Northern Railway.
(Statement for half-year ending Dec. 31, 1899.
The earnings for the half-year ending Dec. 31, 1899, com
pare with the same period of 1898 as follows:
Statistics.
J
J
,
Deficit for year
6y, p. 382.
sur.
—V.
Philadelpbia & Erie Railroad.
{Report for year ending Dec. 31, 1899.)
The earnings, expenses and charges were as follows:
EARNINGS AND EXPENSES.
1899.
1898.
1897.
1896.
Av. rate per ton per mile. 0-364 ots. 0-3.'i2 ots. 0-371 eta. 0-391 cts.
Av. rate per pass. p. mile. 2-328 cts. 2-310 cts. 2-348 cts. 2'39V5 cts.
Earnings—
S
$
$
$
Passengers
632.521
600,375
581.175
600,959
Freight
4,554,785 3,810,888 3,860,583 3,765,352
Mail, express, etc
160,'22
163,180
159,499
146,200
Total
5,348,029
Expenses (inch
all taxes). 3,685, 375
Net earnings
1,662.654
4,574.443 4,601.257 4,512,511
3,257.714 3,367,393 3,281,060
1,316,729
1,233,864
1,231,451
1896.
INCOME ACCOUNT.
Rcccij} ts~'^
Net earnings
Other receipts
1899.
1898.
1897.
$
S^
%
4i
1,662,654
1,581
1,316,729
1,190
1,233,864
1,323
1,231,451
1,664,234
1,317,919
1,235,187
1,231,996
Interest on debt
1,019,1.'50
Interest on special stock.
96,000
Interest on equipment
118,793
1,019,150
96,000
114,803
1,047,470
48.000
117,564
1,047,470
85,651
8,000
62,051
Total income
Disbursements
—
Renewal fund
Extra'y expenditure fund
Miscellaneous
Total
Balance.
72,000
l.'iO,000
i
107,071
1,563,014 1,315,604 1,221,034 1,224,432
101,220 sur. 2,315 sur. 14,153 sur. 7.564
.'...sur.
GENERAL BALANCE
Dr.
Construction
Securities owned
Kails used by tri-
buiary lines....
Cash
Cash for interest
Renewal tund
Extr'y. exp. fund
.
Total
—V. 68, p.
545
1899.
«
,30,466,182
29,963
fcHEET
DECEMBER
1898.
$
30,466,182
29,962
1899.
$
7,985,000
Or.
Stock, common..
Stock, special
2,4(10,000
Bonds
54,710
187,514
262,520
144,000
150,000
45,707
99,878
2«1,770
..31,294,889
30.975,499
.
.
.
72.01
Accr'd mt on b'ds
Miscellaneous...
.
Renewal fund...
Bxtr'y exp. fund
Protlt and loss...
Total
31.
19,823,000
384,988
7,338
00
150,000
4t0,5e3
144,'
..31,294,889
1898.
S
7,985,000
2.400,000
19,823,000
384,987
6,588
72,000
303,924
30,975,499
425.
Twin City Rapid Transit Company.
(Report for the year ending Dec. 31, 1899.
President Thomas Lowry says in substance:
General Results. The gross earnings for the year 1899
were $2,523,793, as against $2,170,716 for the year 1898. The
cost of operation, including taxes, was 48*71 per cent. For the
ypar 1898 this cost was 49-92 per cent and for the year 1897
53-18 per cent. The efficiency of the property in every respect has not only been maintained but increased. The surplus earnings for the year were $737,578, an increase over the
previous year of 49 per cent. After paying the regular quarterly dividends on the preferred stock, the surplus for the
common stock was $550,025. On Aug. 15th the first dividend of 1 per cent, or $150,100, was paid on the common
stock, and on Feb. 15th of this year a second dividend of IJ^
per cent, or $325,150, was paid. This left a balance in the
surplus account of 1899 of $174,776 carried to surplus account.
Bonds Retired, During the year the company canceled
$20,000 of the remaining $310,0u0 Minneapolis Street Railway
Co. first mortgage 7 per cent bonds by the issue of $20,000
consolidated mortgage 5 per cent bonds of the Minneapolis
company. By the sale of $237,800 of preferred stock, the
Twin City Company also purchased $391,000 St. Paul City
Railway Company's 6 per cent debenture bonds.
Bonds Guaranteed. The company has likewise acquired
further amounts of stock of the Minneapolis & St. Paul Suburban Railway Co. The St. Paul City Railway Co. has guaranteed for the latter company the principal and interest of
$450,000 twenty- five- year 5 per cent gold bonds, thus enabling the company to sell the bonds and make aa important
xteneion through the villages of North St. Paul, "White
—
—
—
JJ
.
THE CHRONICLE.
428
J
. .
[Vol.
LXX.
Street Raihvay.— During the past year the construction of the lines
Bear and Mahtomedi to the city of Stillwater. The whole
of the Tamaqua & Lansford Street Railway Co., running between
line is operated by electric posver from stations located in St. Tamaqua
and Summit Hill, have been completed. In order to satisfy
Paul, White Bear and the city of Stillwater. The road has been the public and todirectoperations of this character in our valley, your
thoroughly equipped with large standard cars of the most board deemed it wise to secure control of the enterprise and reorgan•improved type. It was opened for traffic July 1, 1899, and ize the company. This was done, and the earnings for the past year
have been more than sufficient to pay dividends and meet the fixed
the earnings have proved satisfactory
charges of the company.
Statistics.
The earnings, expenses, charges and balance
Retunding. -Under the new funding and improvement mortgage,
—
shown
in the following tables
1999.
1898.
1897.
Pa88eni;er earnlnga.. $2,476,880 $2,14.5,093 $1,9 2,78=>
Other sources
45.914
25,623
26,336
sheet are
:
18!^6.
$2,037,935
21,^83
bonds to the amount of $2,085,000 have been certified by the trustee
and delivered to the company. Up to the close of the year $1,085,000
of these bonds had been disposed of, leaving $1,000,000 in the treasury. The proceeds of this sale have been used to take up Delaware
Division Canal Co. bonds, $480,000 to pay the Central RR. of New
Jersey construction loan account of the Lehigh & Susquehanna
RR., $298,377, and to pay the same company on account of the construction loan account of the Wilkesbarre & Scranton Railway the
;
Total receipts.. ..$2,522,794
$2,009,121
$67,102
110.496
76,877
133,829
6,408
72,000
18.701
516,667
$2,059,218
Oeneral expenses
$105,856
Malnt. of equipment.
165,364
Maint.ofway &struc.
33,820
Oost main, pow'r sta.
147,467
Insurance
6,863
Injuries & damages..
72,911
Legal expenses
22,000
Other expenses
602,692
$2,170,716
$95,884
131, 3«8
76,«37
129,806
6,148
58,493
23,442
497,413
Total operating. .$1,156,972
Net earnings
$1,365,822
$1,019,392
$1,151,324
$1,002,080
$1,007,011
$995,159
Deduct—
Interest and
$628,243
Dividends on pref...
87,553;^
Dividends on com...
375,250
taxes...
)
$777,668
$54,053
97.724
62,738
156,764
11,520
65,587
19,276
527,493
$764,061
$771,907
'
Trainmen's deposits
Taxes accrued, not due
Interest accrued, not due.. ..
BiUs payable
Dividend payable
Inncome accounL— surplus..
$31,337,830
$30,309,719
$29,754,796
$15,010,000
2,700,000
10,838,000
$15,010,000
2,462,200
10,388,000
$15,010,000
1,637,200
87,828
23,625
62,063
216.246
11,000
70,826
22,425
49,015
208.521
110,000
10,298000
750.000
62,143
20,90i>
53,116
206,233
10;i,127
1,988,732
1,615,076
410
Total
$31,337,830 $30,309,719
$29,754,796
1,546,138
11,433
296,400
235,764
226,946
136,768
Total receipts.... 2,204,123
1,859,782
2,089,735
1,898,279
854,236
445,374
860,893
439,539
890,333
439,268
904.190
435,540
Total disb'semt8.1,299,610
1,300,432
559,350
573,866
1,329,601
1,339,730
760,134
573,866
558,549
573,866
Disbursements
Interest account
—
Balance of earnings.
Dividends (4 p. c.)...
Balance
904,513
573,866
Sinking fand
sur.330.647
83,802
R«ault
sur.246,e45
-V.
of subscribers increased 2,841 to 34 933. The company owns
and operates 343 exchanges and 450 agencies. Daring the
year 1,686 miles of wire were added to the long distance
system, the long distance lines now comprising 18,920 miles
of wire, on 6,239 miles of poles. In December, 1899, the
company offered to shareholders, at par, 9,900 shares of new
stock, in the proportion of one share of new for each four of
old, practicall)' all of which has been subscribed for.
Of the
stock, $1,540,100, is owned by the American Telephone
Telegraph [Bell] Co. (see V. 70, p. 40).
BALANCE SHEET DEC. 31, 1899.
Plant and patents
$5,244,436 Capital stock
.$3,960,000
Stores onhand
238,851 Bonds
1,010,000
Realestate
756,743 Contingent fund
800,000
Stock In other comp's..
405,981 Revenue account
190,123
Sundry debtors
Rental reserve
120,42
185,615
Due from agencies.
55,633 Insurance reserve
77,897
Cash.
13,450 Accident reserve
19,746
&
interest reserve..
Net earnings
Deduct—
$6,835,524
14,516 8ur.l86,268
92,295
87,709
def.102,225
Total
$6,835,524
F. Sise, Robt. Mackay, John E. Hudson.
Robt. Archer, Wm. R. Driver, Hugh Paton, Chas. Cassils,
Thomas Sherwiu.— V. 67, p. 427.
C.
Lehigh Coal & Navigation.
f Report for the year ending Dec. 31, 1899.
President Lewis A. Riley says in substance
Railroad Bar iii7igs.—The coal tonnage of the Lehigh & Susquehanna
RR. and Lehigh Canal was 6.127,305 in 1899, as compareil with 4 876,057 in 1898. The rental of the Lehigh & Susquehanna RR. shows
an Increase of $372,331 as compared with 1898, and was $388,896 in
:
excess of the guaranteed minimum rental of $1,414,400, as provided
by the terms of the lease. The gross receipts of this railroad show a
satisfactory increase, the total for the year being $5,409,889, which
were the greatest in the history of the road.
Production of Oo«t.— The production of coal from the company's
property. Including that used by the company in Its mining operations, was 1,807,733 tons, as compared with 1,450,964 tons la 1898,
an increase of .^56,769 tons. The total shipments and local sales
amounted to 1,676,034 tons, and the oompauy consumed 131,699 tons
in its mining operations. The average cost of coal was $1-282 per
ton, as compared with $1-307 in the previous year, a decrease of 2-5
cents per ton, to the lowest figure at which coal has been produced by
the company. Owing to the low prices prevailing during the first
eight months of the year, the profits on the coal produced did not show
the result to be expected in view of the lower cost. In addition, the constantly increasing percentage of the small sizes, which are sold at very
low prices, very materially reduced the average receipts per ton at
the mines. Of the total amount of coal mined by the oompmy durlntr
the past year 50-42 per cent was made up of the Junior sizes. In 1889
these sizes represented a total peicentageof 32-34. Etglit collieries
were in operation during the year, one being idle. This colliery will
probably be put in operation again at an early day. Your mines are
in good condition, and if the market requirements will permit, shipments can be very largely iacreased.
"
sur.
def.
15,317
95,816
93,973 def.111,133
to
January 31, 1900
$451,687
Dividends, 7 per cent on $4,500,000, preferred
Additions to plants
Depreciation
Accounts charged
$315,000
36,178
63,150
1,414
off
Balance to profit andjloss
Assets—
Real estate, etc
Merchandise
$9,300,000
368,600
213.214
308,610
Cash
Total
-V.
$35,945
$10,190,424
1900.
Liabilities$4,500,000
Preferred stock
5,500,000
Common stock
Div. payable Mar. 15..
78,750
75,729
Accounts payable
35,945
Profit & loss balance.
1,
$10,190,424
Total
68, p. 977.
Union Switch & Signal Co.
(Report for the year ending Die. 31, 1899.)
The annual report shows as follows
:
18P7.
1898.
189<».
Gross receipts
$979,320 $656,334
Surplus over interest
93,189
146,625
Dividends, 6 per cent on preferred....:.
29,856
25.356
Surplus for year
$124,190
60,947
23,841
$67,833
$27,106
$25,438 Preferred stock
365,186 Common stock
Materials in stock
323,450 Bonds
Real estate and bldgs..
188,022 Int. accrued on bonds.
Mach'y, tools &tixt'8..
218,056 Bills and accts payable.
Patents
1,105,269 Surplus
$497,€00
$116,769
BALANCE SHEET DEC.
31, 1899.
Liabilities—
Assets—
Cash
Bills
and aoots.
receiv..
Total assets
69, p. 1348.
$2,225,424
Total liabilities
997,<>50
379,000
2,670
130,327
217,877
$2,225,424
-V.
United States Leather Company.
CReport for year ending Dec. 31, 1899. J
12.625
579,518
Sundry creditors
Total
def.
National Carbon Company.
^Statement for year ending Jan. 31, 1900.
The statement submitted to the stockholders at the annual
meeting Feb. 26 showed:
'
Bond
loss 16,060
68, p. 1025.
Receivable
Bell Telephone Company of Canada.
^Report for the year ending Dee. 31, 1899.
The additions to plant and patent account as per balance
sheet during the year 1899 aggregated $1)68,159. The number
Directors:
1,504,200
6,089
156.891
192,602
BALANCE SHEET FEB.
2,163,507
1,550,625
1,878,224
7,403
139,060
179,435
22.'S,150
Miscellaneous
—V. 70, p. 177.
From railroads
Canals & water pow.
Lehigh coal lands...
Miscellaneous
Rentals, taxes, etc...
$764,061
$1,191,046
$777,668
$771,907
$174,776
$373,656
$235,134
$299.^98
48-71
49-92
51-15
P.o.exp.&taxtoearn
5318
TWIN CITY RAPID TRANSIT COMPANY—GENERAL BALANCE SHEET.
Resources—
1897.
1899.
1838.
;$14,28'?,'^84
$29,903,171
LTv^ffilnueasufy:::::: S*-^0-87^.740
15,000,000
121,175
Notes and accounts receiv...
64,176
103,081
Cash.
228,435
304,835
225,897
Materials and supplies.
87,1(^9
110,497
72,215
Miscellaneous
2,910
6,103
5,335
Funded debt
Loan Dec. 31, 1900
Unpaid vouchers, &o
of $312,572.
Statistics.— ReBults for four years were as follows:
1P96.
1899
1898.
1897.
Coal produced, tons. 1,807,733
1,549,097
1,450,964
1,530,823
Receipts —
$
$
$
$
$1,064,059
Total
Surplus
Total
Liabilities—
Common stock
Preferred stock
sum
The report of the United States Leather Company for the
year 1899 furnishes little detailed information, consisting
merely of a statement of the assets and liabilities, which we
compare as follows:
AssetsCash
Due by customers.
Bills receivable
—
Doubtf'l debts, val..
Other debtors
Hides and leather..
Bark at tanneries..
Sundries, personal
property, etc
Advances to other
1899.
1898.
1897.
$
$
$
$
124.208
13,012
96,274
8,651,580
928,292
2.203,616
3,448,782
73,1-M
40,358
59,799
7,984,526
1,177,224
2,217,175
4,010,533
77,927
27,564
217,963
8,253,797
1,405,976
2.091,184
3,479,083
115,411
19,243
31,065
7,335,333
1,328,150
155,107
161,847
191,227
238,332
3.014,000
6,996,<i57
1896.
companies
Drawbacks, etc
11,483,621 15,433,348 14,951,843 15,506,358
460,782
155,637
Railroad bonds. ...
100,000
100,000
100,000
99,458
Tannery plants, etc. 6,370,028
6,349,212
6,349,138
6,314,192
Stock of other co's.. 35,446,232 35,484,033 35,484,033 35,438,123
Treasury stock
100,000
lOi'.OOO
100,000
100,000
Good will, etc
62,819,886 62,804,701 62,776,084 62,661,259
Unexp'd insurance.
28,070
31,039
36,740
Total
Liabililies
Accrued
—
136,787,149 135,607,292 136,200,000 134,757,191
—
int., etc
63,390
56,670
Current accounts.
127,V29
118,549
For.exoh.not yet due 1,321,542
1,014.727
Bonds, less Intreas. 5,280,000
5.280,000
Preferred stock
62.269,800 62,254,600
Common stock
62,869,800 62,854,600
Miscellaneous
202
4,027.944
Surplus
4,855.487
.
—
62,610
124,757
1,316,855
5,280,000
62.225.900
62,825.900
4.363.978
56.220
132,806
592,682
5,280,000
62,111,100
62,711.100
3,321
3.869,962
Total
136,767,149 135,607,292 133,200,000 134.757,191
V. 70, p. 332, 40.
March
3,
—
—
—
THE CHRONICLE
19C0.]
GENERAL INVESTMENT NEWS.
429
deferred liabilities, $1.388 980; J. P.
The amount of general
Co. loan, $2,000,000.
mortgage 43 of 1933 outstanding Dec. 31, 1890, was $11,634,000.— V. 70, p. 328,
liabilities, $3,187,456;
&
Morgan
RAILROADS. INCLUDING STREET ROADS.
Baltimore & Ohio RR.— Listed.— The New York Stock
Cleveland & Pittsburg RR.— Bonds Sold.— It is learned
Exchange has listed i>l,500,000 additional fifty-year 4 per
cent gold mortgage bonds of 1948, making total amount that the Pennsylvania RR Co. has sold to Messrs. Speyercfe Co.
listed to date $58,932,000.
The additional bonds are part of $3,000,000 Cleveland & Pittsburg 33^ per cent mortgage gold
the $27,000,000 res rved under the mortgage for improve- bonds, due 1948.— "New York News Bureau."— V. 68, p. 1020.
ments, extensions, etc.
Connecting Terminal RR. of Bnffalo.—Pennsylvania RR.
Newark Somerset & Straitsville. See that company below. to Acquire Allied Company. The Pennsylvania RR. Co. has
—v. 70, p. 327, 278.
offered to purchase the capital stock of the Eiie & Western
Bergen County Traction Co. Consolidatiou. See New Transportation Co. The bonds of the last-named company
Jersey & Hudson River Railway & Ferry Co. below.
are guaranteed by the Connecting Terminal RR. Co.
BrooJilyn Rapid Traugit Go.— New Officers —J. C. BrackDenver & Southwestern Ry.— Bonds 0/erei.— Kessler &
enrjdge, heretofore Chief Eogineer of the company, has Co. of New York and E. H. Rollins & Sons of Boston offer
been made General Manager of the system, thus relieving by advertisement on page ix., $3,872,0i
of the company's
President Rossiter of a part of his burdensome duties. T. S. present issue of |4,9.!3.00U thirty-year sinking fund five per
Williams, recently Secretary and Treasurer, has been made cent gold bonds, due Dec. 1, 1929, the balance having been
Vice- President, with charge of matters pertaining to taxes, withdrawn for permanent investment
The remaining
—
—
—
insurance, franchises, legal rights, etc. C. D. Meneely, heretofore Assistant Secretary and Treasurer, has been elected
Secretary and Treasurer. Another Vice-President may be
appointed to attend to negligence and other damage claims.
—V.
70, p. 328, 229.
C—
Capital Traction Co., of Washington, D.
Reported
Offer.— A press dispatch from Wa'^hington says that the
Washington Traction
Electric Company syndicate has offered par ($10J a share) for a controlling interest in the $12,000,000 capital stock of the Capital Traction Co.— V. 70, p. 11.5.
Catawissa RR. Exchange of Bonds. Messrs. Drexel &
Co. of Philadelphia ofier holders of the $1,300,000 seven per
cent bonds due Aug. 1, 1900, and the $ J30,000 six per cent
bonds due Aug. 2, 1902, the right to exchange their bonds
for new firsb consolidated 50-year 4s, due April 1, 1948, of
the latter of which an equal amount was reserved for that
purpose. Upon retirement of these prior lien bonds the new
4s will be a first and only mortgage on the entire road of 103
miles.— V. 6f5, p. 1139,
Central Pacific Ry.— Note Paid.— The company, on Feb.
23, anticipated the payment of the first of the twenty 'S%
notes for the sum of $2,940,635, due Aug. 1, 1901. given in
payment of the balance of the subsidy debt to the (jrovernment, and received in return an equal amount of first refunding 4 per cent bonds deposited as collateral.
The
amount of the nineteen notes still held by the Government is
&
—
$44.115 365
Listed. —
The amount of first refunding mortgage 4 per
cent gold bonds listed upon the New York Stock Exchange
has been increased by $3,177,000 to $54,6.=)9.500. Of the additional bonds $2,941,000 were held by the United States Government as collateral security for the note of the Central
Pacific RR. Co. for $2,940,635" 78, maturing Aug. 1, 1901, and
were surrendered by the United States Government against
payment of the note, and have been sold by the railway
company.
further $236,000 was issued in exchange for
outstanding old bonds. Also of the S^ per cent mortgage
gold bonds there have been issued and hated against deposit
of outstanding old bonds $126,000. making total amount
listed to date $23,595,000.—V. 70, p, 279.
Chicago & Alton RR.— fit// Signed —The bill allowing
savings banks to invest in this company's bonds was on Feb.
26 signed by Governor Roosevelt, and became a law. See
A
—
V. 70, p. 279, 291.
Chicago Consolidated Traction Co.— S'aZe to Union Traction.— The negotiations for the transfer of the stock of the
Consolidated Traction Co. to the Union Traction have not,
as reported in the daily press, been finally consummated.
There are one or two important matters on which an agreement is yet to be reached, but it is thought that the deal will
be closed during the comiog week. The plan as given in the
Chronicle Dec. 30, page 1345, proposes the deposit of the
$15,000,000 Consolidated Traction stock with a trustee to
secure an issue of approximately $7,000,000 of A^ per cent
collateral trust bond?, which will be received in the ratio of
45 to 100 in payment for the shares thus surrendered.— V.
70, p. 39.
Chicago Peoria & St. Louis Rj,—In Possession —This
reorganized company at midnight March 1 assumed control
of the St. Louis Chicago
St. Paul and Chicago Peoria &
St. Louis railroads.
Charles E. Kimball, of New York, is
President.— V. 70, p. 75.
&
Cincinnati Chicago & St. Louis Ry.—
Stock Exchange has listed $5,060,000
additional general mortgage 4 per cent gold bonds of 1993,
Cleveland
Listed.— The
New York
making total amount listed to date $13,634,000. Of the. additional bonds $3,060,000 have been issued to retire prior liens
Inas follows $3,000,000 Cleveland Columbus Cincinnati
Indianapolis sinking fund bonds $52,000 Bellefontaine
diana first mortgage bonds $8,000 Cincinnati Indianapolis
St.Louis Chicago general mortgage 6s. Also $2,000,000 bonds
have been sold to pay for new equipment, construction and
betterments. Of these last- mentioned bonds $1,000,000 were
:
;
&
&
&
;
issued during the fiscal year ending June 30, 1898, and$l,000,000 during the fiscal year ending June 30, 1899. As a result of these issues the bonds reserved for the retirement of
prior liens now amount to $25,618,000, and those reserved for
equipment, construction and betterments to $11,748,000.
The balance sheet of Dec. 31, 1899, showed current assets
13,814,488 materials and supplies, $480,376, Contra, curren
>
:
$577,000 of the $5,500,000 authorized issue are reserved to
redeem the $577,000 Midland Terminal Ry. 5 per cent bonds,
the only underlying bonds remaining unretired. See also
item on page 433— V. 70, p. 125.
Detroit Rochester Romeo & Lake Orion Ry.— This electric
road now extends from Royal Oak, Mich., to Romeo, and is
under construction from Rochester to Oxford, making a
total of 40 miles. On these 40 miles a mortgage to the Union
Trust Co. of Detroit has been authorized, securing $600,000
twenty-year 58. Extensions are to be built from Oxford to
Flint, 30 miles, and from Romeo to Almont, 10 miles,
new mortmaking about 80 miles in all when completed.
gage to the American Trust & Savings Bank of Chicago, as
trustee, on the entire line, constructed and to be constiuctedj
securing $1,250,000 twenty-year 5 per cent gold bonds, due
1920, in denominations of $1,000 each, will be authorized, and
C. H.
the present $600,000 mortgage canceled shortly.
Co. of this city have arranged to purchase the enWhite
All of the franchises of the
tire issue of the new bonds.
company extend over 30 years, and the road will be built almost entirely over private right of way, except in cities and
A
&
towns —V. 69, p. 283.
Fitchburg RR. Injunction Denied. At Boston on Feb.
28 Judge Knowlton of the Supreme Court declined 'at the
present stage of affairs to grant the motion of the Central
—
Massachusetts RR. to enjoin the proposed lease of the Fitchburg RR. to the Boston & Maine RR.
Committee.— The committee appointed to represent the
preferred shareholders in favor of the proposed lease consists
of Rodney Wallace, B. N. Bullock and W. E. Rice, directors;
Charles E. Wareand Philip Dexter, trustees; Frank G. Webster, of Kidder, Peabody & Co.; Lewis S. Dabney, attorney,
and Gordon Abbott. Vice-President of the Old Colony Trust;
Co.— V.
70, p. 328, 279.
Great Northern Rj.— Listed.—The New York Stock Exchange has listed the $9,000,000 additional preferred stock
offered to stockholders, as stated in the Curonicle of Jan. 6,
page 39, making the total stock listed to date $99,000,000^
The new issue was made for the purpose of acquiring $3,500,000 additional capital stock of the Eastern Railway Co.
of Minnesota and $5,500,000 additional of the capital stock
Sioux Falls Railway Co. This acquisition
of the Willmar
gives to the Great Northern company " the ownership of the
entire capital stock of each of said companies, and the shares
so acquired will then become an asset of this company, subject to the disposition of its stockholders by their direct action or through their board of directors. The mileage of the
Eastern Railway Co, of Minnesota is as follows Main single
track, 412-48 miles ; second main track, 17'28 miles. It also
operates leased lines, 7-65 miles. The main track mileage of
Sioux Falls Railway Co. is 430'41 miles."—V.
the Willmar
230
70, p.
&
:
&
—
Kansas City New Mexico & Orient RR.—New Company
This company has been incorporated in Kansas by Arthur E.
Stilwell. formerly of the Kansas City Pittsburg & Gulf, as a
projected short line from Kansas City, Mo., to Tobolobampo,^
Mex.,ontlie Gulf of California, about 1,800 miles, from
whence a line of steamers is proposed to the Orient and
Construction, it is
North and South American ports.
claimed, will be begun from Tobolobampo northeast at once
and 120 miles are expected to be completed by November
by July, 1901, 360 miles from Tobolobampo to
next
Chihuahua. Mex., are expacted to be in operation.
Perpetual control of Tobolobampo Harbor, it is stated,
has been granted by the Mexican Government, which
from $12,000 to
ranging
grant subsidies
will also
The enterprise, Mr. Stilwell estimates,
$22,500 per mile.
will require an expenditure of about $27,000,000, or $15,000
per mile, of which he says one- third is already pledged and
the other two-thirds can be easily raised. The temporary
capitalization will be $1,000,000, to be increased later.
Dlrectors.—k. E. Stilwell (President), Kansas City, Mo; J. W..
Heist (First Vice-President), Omaha. Neb.; A. H. Witherbee (Second
Vice-President ), Detroit. Mich; H. G. Pert (Third Vice President,
Kansas City, Mo.; W. A.. Rule (Treasurer). Kansas City, Mo.; J. McD.
Trimble (A.ttorney), Kansas City. Mo.; W. 8. Woods, E. L. Martin and
William Huttig, of Kansas City, Mo.; J. O. Fox. Atchison. Kan.; E. W.
8nyder, Leavenworth. Kan
William Edwards, Lamed. Kan., and
Herman Kuhn, London, England. C. N. Atkinson, of Kansas City, is
;
;
Secretary.
Kansas City Pittsburg & Gulf RR.-Last Instalment:
Called.— The second and last Instalment of $5 a share on the
—
Stockholders who fail to pay
stock is payable March 17.
the second assessment forfeit their right to the benefit of the
plan and assessments already paid. See advertisement on
another page of to-day's Chronicle. V. 70, p. 280, 230,
—
Lake Street Eleyated RE. of Chicago.— Decision.— The
Appellate Court, on Feb. 26, in the case of the Chicago Office
Building Co. against the Lake Street Elevated RR. for $100,000 damages to the Ogden Building, at 34 Clark St., unanimously held (Judge Adams writing the opinion) that the depreciation of property values by the erection of an elevated
railway structure in a public street is a proper ground for an
action for damages. Tne action in which the decision was
rendered was begun in the spring of 1896, and the demurrer
on which the appeal was prosecuted was sustained in the
Circuit Court last spring. Many similar actions, it is understood, are pending. The Metropolitan West Side Elevated
Ry. and Northwestern Elevated RR. companies own nearly
all of their right of way in fee.
V. 68, p. 1074.
Leavenworth Bridge.— O/i Bridge Ordered Sold.— Jnige
Hook, of the Federal Court at Leavenworth, Kan., on Feb.
27, ordered the foreclosure sale of this old bridge, which spans
the Missouri River north of Leavenworth. The sale will
take place June 12. Bonds to the amount of $600,000 were
issued in 1880, and no interest has been paid since 1886. The
bridge was built in 1876, but since the construction of the
Leavenworth Terminal Ry. & Bridge Company's bridge it
has been abandoned by all railroads and the tracks to the approaches have been torn up. V. 69, p. 494.
Loaisville By. Bonds Authorized. At the annual meeting
held on Feb. 21 the stockholders authorized a new $2,000,000
second 43^ p. c. gold mortgage, to be dated Mar. 1, the bonds
to be issued thereunder for extensions and improvements, at
the rate of not over $200,000 per year. Of the bonds issuable
on account of the first year, $150,000 will be issued at once
and the remaining $50,000 later. This, it is expected, will
result in increased dividends on the common stock, a large
part of the net earnings having for some time past been used
for improvements. The report of President Minary, submitted to the meeting, shows the earnings for the year 1899,
given in the Street Railway Supplement for Feb., 1900,
and states that, during the past year, the claim of the city of
Louisville for back taxes has been settled by payment of
$182,949, about 70 per cent of the amount claimed.— V. 69,
—
—
—
p. 1346.
Manhattan (Elevated) lij.—Tax Assessment.— The Appellate Division of the New York Supreme Court on Feb. 23
handed down a decision vacating the assessment of $15,526,800 on the capital and surplus for the year 1894. The decision affirms the finding of the referee, stated in the Chron
ICLE of July 30, 1898, page 222. Under the present administra
tion the company has not been assessed upon its capital
stock but on the increased value of its real estate and structures.— V. 70, p. 328, 230.
Newark Somerset & Straitsville RR.—-SoM.—At the foreclosure sale on Feb. 19 the property was purchased by the
reorganization committee of the Baltimore & Ohio RR. Co.
for the upset price of $300,000.— V. 70, p. 230.
Jersey
& Hudson
—
River Railway
& Ferry Co.—
Consolidation. This company on Feb. 27 absorbed by consolidation the Riverside
Fort Lee Ferry Co., the Bergen
County Traction Co., the Highland Improvement Co. and
the Ridgefield & Teaneck Railway Co. The purchasing company has an authorized bonded debt of $1,500,000, preferred
stock of $750,000 and common stock of $1,000,000.
The
preferred stock is 6 per cent non-cumulative. Directors:
S. Davis Page. A. Merritt Taylor, Joseph De F. Junkin, Charles T.
Calloday, and William H. Clark, all of Philadelphia; George W. Bacon,
Frank R. Ford, Archibald 8. WWte and Charles A. Liebe. all of New
York; Charles N. Black of Morrlstown and James C. Young of
Jersey City.
A. Merritt Taylor, President; William H. Clark, VicePresident, and William N, Borrows, Secretary and Treasurer.
Each share of the Bergen County Traction Co. stock, it is
stated, will be exchanged for $100 in preferred and $250 in
common stock of the new company, and each share of the
Ridgefield
Teaneck Railway Co. for $50 of the preferred
stock and $100 of the common stock of the new company.
The Bergen company is described on page 43 of the Street
Railway Supplement; it has made a mortgage for $500,000.
The Ridgefield
Teaueck Ry. was incorporated on Feb. 17
&
&
&
last.
—
——
—
THE CHRONICLE.
430
New
—
:
See V.
70, p. 382.
Northern Central Rj.—Stock Increased.—The stockholders at Baltimore, Md., on Feb. 23 voted to increase the stock
to $12,0L0,000. Of the new stock 50,000 shares, or $2,500,000,
will be allotted to present stockholders at the rate of onethird of their holdings at $70 per $50 share. The $3,500,000
thus realized, together with moneys now in hand, will be
sufficient to pay off the $3,930,000 bonds maturing Apr. 1 and
July 1 next. The outstanding stock now is $7,518,150.— V.
70, p. 380, 332, 329, 324.
Pennsylvania RR.— Car Trusts Sold.— The company has
sold to Kuhn, Loeb & Co. and Speyer & Co. $9,000,000 S}4
per cent rolling stock certificates. These certificates are
issued in series of $1,000,000 each, the principal of each
series maturing in annual instalments of $100,000, so that the
whole amount will be paid in ten years.
Purchase of Erie
Western (Lake) Transportation Co.—
The Pennsylvania RR. Co. has made a proposition to purchase a controlling interest in the Erie & Western Transportation Co., which operates the " Anchor line" of steam-
&
[Vol.
LXX.
ers on the Great Lakes, and has docks, grain elevators, etc.,
at Buffalo and elsewhere. See Erie
Western Transportation, page 432.
Line to Buffalo. The offer to purchase the Erie
Western
&
—
&
Transportation Co. was accompanied by renewed rumors
that the Pennsylvania is proposing to have an outlet of its
own to Buffalo. On Feb. 28 the Pennsylvania & Buffalo
Connecting RR. Co. was incorporated, having as President
Samuel Rea, Fourth Vice-President of the Pennsylvania RR.
Co. The new line is projected to extend from a connection
with the Philadelphia & Erie, at or near Kane or Wilcox, to
Buffalo, a distance of about 125 miles.— V. 70, p. 280.
Pittshnrg Cincinnati Chicago & St. Louis Railway.
Refunding. The company, in order to refund certain prior
bonds bearing higher rates of interest, is issuing $9,578,000 of
its consolidated mortgage bonds. Series E, bearir g interest
at the rate of 33^ per cent per annum, dated Aug. 1, 1899,
and maturing: Aug. 1, 1949. secured by its mortgage of Oct.
The bonds to be refunded are as
1, 1890, for $75,000,000.
—
follows
Total
Already
issue.
canceled.
First consolidated mortgage 7s of Pittsburg
Cin. & St. Louis Ry. Co., mature Aug.l, 1900. $6,863,000
Consol. mort. Pittsb. Cin.
St. L. Ey., Series
B, 412 percent, maturing Aprill. 1942
1,214,000
&
do do Ser.O, 41a p. c, maturing Nov. 1, '42.
do do Ser. L», 4 p. c, maturing Nov. 1,1945.
621,000
880,000
$3,144,000
1,214,000
621,000
880,000
Total
$9,578,000 $5,859,000
Listed.
York Stock Exchange has listed the
The
$5,859,000, Series E, 3i^ per cent guaranteed bonds issued on
account of the above bonds already canceled and has authorized the listing of additional amounts as from time to time
issued to complete the refunding, the total so to be listed not
to exceed in all $9,578,000.
The Exchange has also listed
$120,000 consolidated mortgage 4s, Series D, of 1945, making
total of that series listed to date, $4,983,000.
When the
present refunding is consummated there will be outstanding
of Series B, 4i^s, $8,786,000; of Series C, 43^-', $1,379,000;
of Series D, 4s, $4,9^3,000 ; of Series E, 3>^s, $9,578,000.— V.
—
New
70, p. 176.
—
Rapid Transit Co. of Chattanooga {Tenn.)—MortgaQe.
The company has made a mortgage to the Rf-al Estate Trust
Co. of Philadelphia, as trustee, to secure $300,000 bonds, of
which $200,000 to refund $200,000 existing bonds and $100,000 to complete and equip the line to Caickamauga Park, etc.
Rapid Transit in New York City. Contract Signed.— The
contract for the construction of the tunnel road was signed
by contractor McDonald and the city authorities on Feb. 24.
Extensions. The Board of Rapid Transit Commissioners
on Feb. 26 appropriated $10,000 to make preliminary surveys
for an extension of the underground road from the City Hall
to South Ferry and thence by tunnel under the East River to
Brooklyn, authority to construct the latter to be obtained by
further legislation should it be determined that the same
does not already exist. The estimated cost of the extension from the City Hall to the Battery is about $5,000,000
and that of the tunnel under the river less than $10,OUO,000.
—
Bonds Authorized.— The Board of Estimate and Apportionment on Thursday authorized the issuance of $35,000,003
bonds, the contract price of the tunnel, $1,000,000 bonds for
terminals and $500,000 bonds for real estate, making $36,500,000 in all.—V. 70, p. 382.
Rutland Stock Acquired.
Rutland RR. Bennington
We are officially informed that President Percival W. Clement has arranged to acquire the entire $1,000,000 capital
stock of the Bennington & Rutland RR., and that the transfer to and virtual consolidation with the Rutland RR. will
soon be consummated.
Outlet to Montreal.— The company has also secured an outlet to Montreal through the purchase of the United Counties
Railway, extending from Iberville toSorel, Qaebec Province,
a distance of 66 miles, with trackage rights over the
Atlantic Railway from Sorel to Yamaska, 10
Montreal
&
—
&
miles.—V. 70, p. 382.
Seaboard Air Line Ry. Supplemental Bill.— Judge Stockbridge, at Baltimore, on Feb. 26, on the application of Daniel Crook, who filed an amended supplemental bill in his
suit to prevent the proposed consolidation as provided
by the syndicate agreement of Jan. 5, 1900, recently
declared effective (see page 329), made an order that an injunction issue unless the resident defendants show cause to
the contrary on or before March 12. 1900, and the non-residents on or before Apr. 14, 1900.— V. 70, p. 382, 329.
Sedalia (Itto.) Electric Ry. & Light Co.— New Receiver.—
William F. Waller has been appointed co-receiver with Henry
This change was
C.* Flower, replacing John C. Van Riper.
made at the request of Philadelphia bondholders who desired representation. V. 70, p. 382.
South Side Elevated RR. (Chicago) Dividend Reduced.
The company has declared a quarterly dividend of threequarters of 1 per cent, payable March 30. Last year three
quarterly dividends of 1 per cent each were paid, viz.: in
May, September, and December.—V. 70, p. 227.
Sonthern Paciflc Co.— Neiv Directors.— Cn Thursday the
resignation of George Crocker as director and Second Vice
President was received and accepted, and H. E. Huntington
was elected Second Vice-President. The following new directors were then elected: John W. Mackay, of San Francisco; Charles H. Tweed, counsel for^ the company; William
—
—
——
March
3, 1900.
—
:
THE CHRONICLE.
J
The contract for the transE. Dodge and August Belmont.
fer of the Crocker interest to the Speyer syndicate, it is understood, has been fully carried out.
Bond Transactions. See Central Pacific Ry. above and
Southern Pacific RR. of California, following.— V. 70, p.
74 and 79.
—
Southern Pacific RR.—Listed.— The New York Stock Exchange has listed $3,257,000 additional first consolidated
mortgage guaranteed 5 per cent gold coupon bonds of 1937,
viz.: $257,000 unstamped bonds and $2,000,000 stamped
unstamped
bonds, making total amount listed to date
bonds, $6,540,000, and of stamped bonds $17,552,000. On ac-
—
count of new construction, etc., the company holds a balance
of such first consolidated mortgage bonds, authorized to be
issued but not yet sold or disposed of, and not included in
this listing, amounting to $2,500,302.— V. 69, p. 182.
Third Avenue ^R.— Receiver Appointed.— On Wednesday
Justice Lacombe of the United States Circuit Court appointed Hugh J. Grant temporary receiver for the company,
on application of the Old Colony Titist Co. of Boston, holder
of an overdue note for $100,000. Liens aggregating $6,008,546 were filed against the company prior to Wednesday night.
Second Syndicate Withdraws. The appointment of a receiver was preceded early Wednesday by the following statement from Vermilye
Co., Heidelbach, Ickelheimer & Co.
and Hallgarten
Co. "Referring to our announcement of
the 23d of February that on behalf of the holders of a majority of the stock of the Third Avenue RR. Co. we were investigating the affairs of that company with a view to undertaking the reorganization of its finances, we regret to
state that after investigation of its affairs we have concluded that the facts do not warrant our going on with the
business as proposed.
No Dividend.— Owiryg to the receivership, the directors on
Wednesday announced that the dividend of 1 per cent recently declared would not be paid.
Reorganization With a view to a harmonious reorganization of the company, a committee consisting of Frederic
P. Olcott, Chairman, Louis Fitzgerald and T. Jefferson Coolidge, Jr., with Alvin W. Krech as Secretary (120 Broadway),
invites the holders of the company's notes and other unfunded obligations and stockholders to deposit their evidences
of indebtedness and certificates of stock with the Mercantile
Trust Co., 120 Broadway, New York City, or the Old Colony
Trust Co., Ames Building, Boston, Mass., and receive in
exchange therefor negotiable certificates under an agreement, which is in course of preparation, which will permit
depositors to withdraw their claims and securities if apian
of reorganization, when submitted, does not meet with their
approval.
Receiver's Certifiaates. On Friday Messrs. Kuhn, Loeb
Co. said they had agreed to act as fiscal agentsfor the above,
named committee and would furnish such money as may be
needed against receiver's certificates. The receiver will apply to the Court for permission to issue certificates for pressing requirements.
Interest Purchased. The coupons due March 1 on the
11,200,000 first mortgage 6 per cent bonds of the Forty-second
Street Manhattanville
St. Nicholas Avenue RR. were purchased at maturitv by the reorganization committee. V. 70,
—
&
&
:
—
—
&
—
&
—
p. 382.
Toledo & Ohio Central liy.—Lisfed.—The New York
Stock Exchange has listed the remaining $500,(jOO of the
$2,000,000 general mortgage 5 per cent gold bonds of 1894,
due June 1, 1935. The proceeds of the $500,000 bonds have
been applied towards the payment of the cost of new sidings
and branches to industrial works, coal mines and stone quarries, ;etc., amounting in the aggregate to over $50,000, and
also towards payments made for new equipment prior to
July 1, 1899. The greater Dart of the net floating debt,
$660,337, as of Dec, 31, 1899, has been paid off since that
date from the proceeds of the $500,000 general mortgage
bonds and from other sources, due provision having been
made tor the entire amount. V. 69, p. 1347.
—
Union Traction Co. of Philadelphia.— iJe/wwdmg, Etc.—
Arrangements have been made with the Land Title & Trust
Co. of Philadelphia to take $200, 000 Empire Passenger Ry. S}4
per cent 3('-year gold bonds, retiring a like amount of 7s due
July 1, 1900. The talk of an impending call for further instalment on the capital stock of the Union Traction Co. is
431
000,000 new stock. It is now stated that the new issue will
be made in four instalments, viz.: 2,500 shares each on May
1, Aug.
must be
V. 70,
1,
Dec.
1.
and April
1900,
25, 1901.
Subscriptions
for the entire allotment, viz.: $25 per $100 held.
p. 383.
—
Securities Listed. The New
28 admitted to the list the
company's new securities, viz., $22,500,000 fifty-year general
four per cent gold bonds, $15,638,800 common and $11,111,700 four per cent non- cumulative preferred stock. On pages
434 and 435 we print in full the official statement to the
Stock Exchange, which includes a balance sheet, the income
account for the six months ending Dec. 31, 1899, and all the
important facts regarding the reorganization and the securities and affairs of the new company.— V. 70, p. 231.
Wisconsin Central Ry.
New
York Stock Exchange on Feb,
INDUSTRIAL. GAS AND MISCELLANEOUS.
American Bell Telephone Co.— Sale of Erie Company.—
See Erie Telegraph
&
Telephone Co. below.—V.
231.
title
—
The proposed consolihas been definitely abandoned V. 68,
American Brick Co.— Abandoned.
dation under this
70, p. 281,
—
p. 1074.
—
American Loom Co. Consolidation. This company was
New York on Feb. 20 with $1,000,000 capital
incorporated in
stock, all of one kind, as a consolidation of the Readville
Machine Works of Readville, Mass., and the Universal Loom
Co. President John E. Searles, of 27 William St., this city,
has issued the foillowing statement
" The American Loom Co. is to take over the patents and business of
the Universal Loom Co. and also all the property of the Readville Machine Works at Readville, Mass. The new company will own all the
patents of H. I. Harriman for the new automatic shuttle-changing
looms now being built by the Readville Machine Works, and with the
new capitalization will be equipped with an ample cash working capital to meet the demands of the business, which is developing very
rapidly. Orders are already in hand from several of the principal
mills in New England, as also some of the Southern mills."
The other officers of the company are Vice-President,
Wm. C. Levering; Secretary, H. I. Harriman; Treasurer, J.
Foster Searles.
American Mutoscope & Biograph Co.— Official Statement.
—The following facts were obtained from official sources:
Incorporated in New Jersey in January, 1896. Owns patents oa
biographs and mutoscopes, and has recently organized a number of
sub companies having a capital of from $100,000 to $400,000, which
:
will act as operating companies, with exclusive rights in the respective territories covered by them. Stock $2,000,000, all of one kind,
all outstanding. Par of shares $100. Bonds, $200,000flrst mortgage
gold 7s, due Jan. 15, 1906 ($500 each), interest Jan. li and July
15; trustee, N. Y. Security & Trust Co. Dividends paid: In ]8i^9,
1 per cent; in 1900, Feb. I, a dividend for the preceding quarter of 1
per cent. Directors: Geo. R. Blanchard, E. J. Berwind, Wilbur C.
Brown, Herman Casler, C. H. T. Collis, W. K. L Dickson, John T.
Easton, E. B. Koopman, William H. Kimball, A. E Johnstone, Austin
Lathrop, H. N. Marvin, C. P. Meek, A. W. Soper. H. B. P. Wrenn.
Otflcers: President, Geo. R. Blanchard; First Vice-President, Wm. H.
Kimball; Second Vice-President, H. N. Marvin; Treas., H. J.Collins;
New York.
Time Extended.—
Co.—
Brooklyn Wharf & Warehouse
Sec, John T. Easton.
OlHce, 841 Broadway,
Notice is given by advertisement by toe reorganization committee to the purchase money first mortgage bondholders
that as a large majority of the bonds has been deposited, the
committee will continue to advance the sum of twenty-five
dollars upon each bond deposited up to and including March
31, 1900 (see V. 70, p. 232).— V. 70, p. 383, 282.
Chicago Elevator Co.
Liquidation.— This company, of
owning two grain elevators,
as the Indiana and Wabash elevators, on the southwest side of Chicago, is to retire from business, which paid
well for a number of years, but for a year or more last past
has been very unprofitable by reason of competition and
other causes. The elevation of the Western Indiana and
Wabash tracks will make it difficult, if not impossible, to
operate these elevators without a larger expenditure for re-
which Russell Sage
is
President,
koown
modeling than the profits would warrant. The company is
reported to have a capital stock of $500,000, and to have in
1898 filed a mortgage to secure $275,000 ten-year 6 per cent
bonds.— V. 66, p. 1139.
—
Colorado Fuel & Iron Co.— Dividend, Dividends No. 9
and 10, aggregating 8 per cent on the preferred stock, being
the amount due thereon for the year ending June 30, 1897, will
denied. A director is quoted as saying
We recently canceled an order for 42 closed cars and ordered in- be paid April 2 to stock of record March 13. The first instalstead 75 summer cars, and these will be paid for out of earnings. We ment of the accumulated dividends was for the same amount
have practically no bills owinp and no floating debt in our construc- (8 per cent) and was distributed Feb. 15. V. 70, p. 232.
:
—
,
tion account
Sums
are regularly laid aside to cover repaving in the
summer, and there is $700,000 in our insurance fund, which is invested
in the company's securities. I am told there is a saving of nearly one-
third in the cost of operating the new big cars, for tliere is no additional cost for labor service and the carrying capacity is largely increased. February earnings will run all of $200,000 ahead of last
year, and the surplus ror the year, which we have before estimated at
annually, $l,-200,000maybeconsiderably better. Itis literally true the
company has no use for any money from its stockholdero.— V. 69, p.
643.
&
Commercial Light
Power Co. of Duluth, Minn.—.Receiver.
Judge Lochren, in the United States Circuit Court,
Trust
in St. Paul, on the application of the U. S. Mortgage
—
&
New
York, mortgage trustee, on Feb. 22 appointed A.
W. Hartman of Daluth and R. R. Dann of St. Paul receivers of the property. It is understood that the reorganization, in contemplation for some time, will not in any
Co. of
United Power & Transportation Co.— Instalment Called.- respect affect the business or management of the company.
The company has called a payment of $10 a share, payable $5 A. W. Hartman is President and R. R. Dunn Treasurer.
April 2 and $5 June 1. This will make the $3,125,000 stock
Consolidated Gas Co. of Baltimore.— Do/Zar Oas.—A bill
(consisting of 125,000 shares of $25 each), 80 per cent paid.— requiring the company to furnish consumers with illuminatV. 70, p. 281, 277.
ing gas at the rate of $1 per thousand cubic feet passed the
United Traction Co. of Alh&nj. —Allotment of Neiv Stock. Maryland Senate, Feb. 27, by a vote of 14 to 9.
Earnings.— An affidavit presented to the Senate from Pres—Stockholders of record March 1, 1900, have the right to subscribe, until March 10, for their pro rata share of the $1,- ident John W. Hall and Treasurer James W. Clarke shows:
—
— ——
THE CHRONICLE.
432
KK8ULTS FOR TEAE 1899.
$1,672,284
846,218
Net earnings
$826,066
387,720
430,808
sold (1,337,827,000 feet at $1 25)
•Cost of production and distribution
Deduct fixed charges
(4
per cent) on stock
$7,538
Balance, surplus for year
total surplus accumulated by the company from tbe
date of its incorporation (May 5, 188S. to Jan. I, 1900,) was
:$301,O18.
The capital stock outstandine: is $10,771,000 and
the bonds outstanding amount to $6,837,500, The dividends
paid in 12 years at an average of 3 7-10 per cent amounted to
$4,630,111 and the taxes for the same period aggregated
$1,231,965.— V. 60, p. 391.
The
Dubuque Water Co.— Bonds Called.— The company,having
sold
its
terest
282.
plant to the citv,will pay off
on June
1
at office of
N.
W.
its
bonds at 105 and
Harris
& Co.— V,
in-
70, p.
& Telephone Co.— Change of Control.—
It was announced on Monday ttiat the new Telephone Telegraph & Cable Co. of America had acquired a controlling inErie Telegraph
&
Telephone Co.,
terest in the shares of the Erie Telegraph
and thus of the five companies operating under the Bell
patents in North Dakota, South Dakota, Minnesota, Wisconsin, Michigan, Arkansas, Texas and in Cuyahoga Co., Ohio,
including the City of Cleveland.
The Erie Company's
system on Feb. 15 had in operation 115,000 telephone stations in 2,300 cities and towns, and 250,000 miles of wire, of
which 80,000 miles were for long distance purposes.
President Charles J. Glidden of the Erie Company says:
"The Telephone Telegraph & Cable
LXX.
This last-named concern owns one mile of terminal railroad
Income from gas
Dividend
[Vol.
Co.
has purchased
50.001 shares, par value $5,000,100, out of a total issue of
100,000 shares, par value $10,000,000, of the capital stock of
the Erie Telegraph & Telephone Co. The purchasing company is one of the strongest combinations in the country and
will probably be the largest owners of electrical properties
in the United States when its plans are fully developed."
William J. Latta, President of the Telephone Telegraph &
Cable Co., adds:
As far as we know the Bell people
do'not own a single share of stock
In the Erie Company; but their arrangements with the subsidiary
-companies, whereby the latter are entitled to use the patents of the
Bell Company in perpetuity, are sucli that the Bell Company has a
email percentage of control in each and is represented on the board
of each by one director. In accordance with the terms of the contract,
the Bell Company a.:rees never to enter the territory of the contracting companies; and thus, by acquiring control of the Erie Company,
we have shut out any competition from the Bell Company in that particular field. On .;he other hand, we shall take business from its wires
for that territory, and it in like manner will accommodate us in other
quarters. In that sense we have become allies of the other company.
The "Boston News Bureau" has the following:
CHow the
[$30,000,000] capital of the Telephone Telegraph & Cable
be invested in the future remains to be seen. It may be in
conjunction with either the Bell Telephone or the Western Union Telegraph Co., or both, and it is too early to assert that it will be inimical
to either. The new names on the board look like Western Union interests, but the Bell Telephone people presumably know where they
stand.
It is passing strange, however, that the Bell Telephone Co.. after
reversing its policy of some years ago and buying back the control of
territories it had disposed of in its early days, should have let the
great seciions represented by the Erie Telephone Co. pass from the
control of New England interests. It is clear that the Western
Union is in no condition to compete with the allied Bell Telephone interests of this country. The allied telephoneloterests are in far better
shape to enter the telegraph held and at almost a moment's notice.
We understand that the new controllers of the Erie Telephone paid
$110 per share forthe majority of the $10,000,000 of the Erie Telephone stock outstanding. We understand also that they will oflfer to
take up all the Erie Telephone shares at $120 with a 5 per cent 30year bond secured by the Erie Telephone Co. stock, which is in effect
placing some new capital with the Erie Co. to guarantee 6 per cent
dividends; 5 per rent upon Erie Telephone at 120 being equivalent to
6 per cent upon Erie Telephone shares at 100.
We understand that this is not a movement wholly in the interest of
the Independent Telephone Companies.
o. will
in Buffalo and has outstanding $500,000 first
in 1903 and $20,000 of capital stock.
mortgage
5s
due
Hecker- Jones- Jewell-Milling Co.— Receivers.— On application of Joseph A, Knox, a stockholder,
Brookfield of
New York and Charles E. Kimball of Summit, N. J., were
on Feb. 26 appointed receivers by the Chancery Court of
New Jersey and on Feb. 27 by the United States Circuit
Court in this city. The interest on the .$2,500,000 bonds due
March 1 $75,000 has not been paid. The company has, in
addition, a floating debt amounting to $680,998. The U. S.
Flour Milling Co. owns over 95 per cent of the stock, and
over 40 per cent of the first mortgage bonds and its reorganization committee offers to purchase the March coupons
upon presentation and delivery of the same at the Produce
Exchange Trust Co., 26 Broadway, New York City. C.I.
Hudson
Co. of 36 Wall Street request holders of bonds
to communicate with them for the protection of the latter's
interests.
Blake Brothers
Co., Pomroy Bros, and Herman
Stutzer also notify holders of bonds to communicate with
them before selling their coupons. See United States Flour
Milling Co. below.— V. 68, p. 823.
Wm.
—
—
&
&
Herring-Hall- Marvin Co. Agreement.— It is understood
that opposition to the plan by the Cincinnati stockholders
has been withdrawn and the suits are being discontinued.
V. 69, p, 1150.
International Power Co. Official Statement First Dividand.— President Jos. H. Hoadley, in a statement to the
—
stockholders, says:
It is proposed to issue monthly bulletins for the information of the
stockholders. The company is now on a firm basis, both business and
financial. The contracts taken for the month ending Jan. 31, 1900,
were: Plant No. 1, locomotives and extra work orders, $309,310; plant
No. 2. steam engines and extra work, $102,020; total, $411,331.
A dividend at the rate of 6 per cent on the preferred stock payments
has been declared as of Jan. 1, 1900, for the year 1899, and in addition thereto the $300,000 mortgage on the Corliss Steam Engine Co.
has been taken up and the plant is now under obligation for only
$150,000. We have also expended over $75,000 In betterments, and
now have in process of plan and negotiation additional improvements which will entail an expenditure of $150,000 in the near future.
With these contemplated improvements our output wjU be much increased and manufacturing cost diminished.
Directors for eiisuing year: J. H. Hoadley, New York City; Joseph
HI.; Edwin 8. Cramp, Philadelphia, Pa.; Geo. W.
Hoadley, Providence, R. I J. H. Snow, New York City; Cyrus Field
Judson, New York City; Robert McKinstry. Camden, N. J.
Otflcers: President. J. H. Hoadley; First Vice President and Treasurer, Geo. W. Hoadley; Second Vice-President, Jos. Lythgoe; Secretary, Geo. H. Wilson; Chairman, Joseph Leiter. Executive Committee: Josh. H. Hoadley, Joseph Leiter, Geo. W. Hoadley.— V. 68, p. 772.
Iowa Bell Telephone Co.— Acquisitions. This company, it is reported, nas for some time past been acquiring interests in the various independent systems in the State, with
the view to the ultimate control and absorption of the
lines.
Control of many of the toll lines of the Ottumwa
Co about 150 miles altogether, it is said, has been secured.
Control of the Home Telephone Co. was acquired recently.
Leiter, Chicago,
;
—
,
See V. 70,
p. 78.
Iowa Land & Loan Co.— Liquidation. —The charter of thi
company expires March 5, 1900, and its affairs are n cours
of liquidation (see advertisement). The stock of the com
pany amounts to $259,700; its assets are $377,178; a dlstribu
-
i
lion of 90 per cent of the capital, that is to say of $334,720
is to be made.
Lehigh & Wilkesbarre Coal Co.— Refunding.—The $11,mature on June 1 next,
when, it is understood, a general scheme of refunding the
company's bonds will be carried out and the company's
finances placed upon a better basis.— V. 66, p. 808.
National Carbon Co. Dividends. A quarterly dividend
of 1^ per cent on the preferred stock has been declared, payable March 15. The last dividend was paid on Jan. 15.
New Directors —The following have been added to the The fiscal year ends Feb. 1. The by-laws have been amended
board of directors of the Erie Telegraph & Telephone Co., so as to make the quarterly dividends on the preferred stock
payable, when earned, on the 15th days of May, August, Norepresenting the new controlling interests:
and February, instead of.the 15th of April, July,
vember
Chas. E. Adams, 'President, Mass. State Board of Trade, Lowell.
Mass.: John Jacob Astor. New York; George Crocker, San Francisco, October and January fifteen days after the close of each
Cal; Frank A. Cutting, Boston, Mass.; Frederick A. Farrar. banker,
Boston, Mass.; H. E. Gawtry, President Consolidated Gas Co., New
York; W. H. Gelshennen, President Garlield National Bank, New
York; William J L,atta, President Telephone Telegraph & Cable Co.
of America. Phila.; Martin Maloney, New York; C. W. Morse. President American Ice Co., New York; Daniel O'Day. New
(Standard
OU Co.); Frank Tilford, Park & Tilford, New York; York
H. R. Wilson,
banker. New York.
Charles E. Adams has been elected Vice-President.— V. 70.
p. 282, 232.
Erie & Western Transportation Co.— Offer to Purchase
Stock.— ThQ Pennsylvania RR. has offered to purchase all, or
at least 90 per cent, of the $3,000,000 stock of this company,
which operates a fleet of steamers between Buffalo, Erie.
•Chicago and Duluth, and to pay therefor $65 in Pennsylvania RR. stock for each $50 share. The proposition must be
accepted on or before March 20. The Commercial Trust Co.
of Philadelphia will issue temporary conditional receipts, and
lapon the required amount being deposited will on or before
April 1 take up the receipts and deliver the Pennsylvania
shares in accordance therewith, fractions of shares being
paid in cash.
The Transportation Company has paid regular dividends
o&5per cent per annum. It has outstanding $750,000 of
first mortgage 5 per cent bonds due in 1912, but subject to
call at 105.
The authorized issue of these bonds is $1,500,000, and they are guaranteed as to principal and interest by
indorsement by the Connectiag Terminal RR. of Buffalo.
500,000 consolidated 7 per cent bonds
—
—
See statement of earnings for year ending Jan. 31
last on a preceding page.— V. 68, p. 977.
Nashville (Tenn.) Gas Co.— Ordinance Signed. Mayor
Head, on Feb. 23, signed the ordinance passed some time
since by the City Council permitting the sale of the Nashville Gas Light Co. to the Nashville Gas Co., and granting a
franchise to the latter for 25 years, provided the people approve the same at an election to be held on April 13. See V.
quarter.
—
69, p. 1065.
—
—
New Amsterdam Gas Co. Bonds Improvements. The
directors have authorized the issue of $150,000 consol. 58 on
account of construction completed some time ago. President Jourdan is quoted as saying:
The company is not doin^ any constrnctlon at present, but In the
near future we propose to increase our plant and prepare for the
manufacture of coal gas and for electric lighting also. We are now
overhauling a large coal plant which we will utilize In the general
scheme. With a combination of both coal and water gas we can give
a better quality of Illuminating gas at less expense than we can furnish water gas alone. We will also be ready to meet any emergency
like the scarcity of oil or of such an advance in the price of oil as to
make it prohibitive for gas purposes. We have about $2,500,000
bonds In the treasury, which can only be Issued for oonstruotion
work.— V.
70, p. 178.
Pacific Mills of Lawrence, Mass.— Increase of Stock.— ?0
Per Cent Dividend.-The stockholders having voted to increase the capital stock from $2,500,000 to $3,000,000, a dividend of $200 per $1,000 share has been declared, calling for a
-;
:
March
'6,
THE CHBONICLE.
1900.J
distribution of $500,000,
Dividends at the rate of 10 per
paid for many years.
Racine (Wis.) Gas Light Co.— $1,000,000 Mortgage.— Th*
company has made a morigage for $1,000,000 in favor of the
Milwaukee Trust Co., as trustee, to secure an issue of thirtyyear 5 per cent bonds.
cant per
annum have been
Biveraide & Fort Lee Ferry Co.— Purchased.—See
Jersey & Hudson River Railway & Ferry Co., under
New
rail-
433
—
United Gas & Electric Co. of Hjracnse.— Consolidation.
This company was incorporated at Albany on Feb. 27 as a
consolidation of the Syracuse Gas Co. and the Electric Light &
Power Co. of Syracuse (see V. 69, p. 854). The authorized
capital stock is $4,000,000, divided into $1,000,000 preferred
and $3,000,000 common stock. Directors L. Bedell Grant
and John T. Kirk of Brooklyn and Ashley T. Cole of New
York City. The Electric Light & Power Co. had outstanding $890,000 stock and $750,000 bonds the Syracuse Gas Co.
$1,975,000 stock and $1,612,000 first mortgage gold Ss, due
Jan. 1, 1946.— V. 69, p. 854; V. 61, p. 1065.
:
;
roads.
St. Cloud (Minn.) Gas & Electric Co.— Receiver.— This
property has been placed in the hands of C. S. Benson as reThe company defaulted on the interest due on its
ceiver.
mortgage bonds Jan. 1. On the water works, it is stated,
there are $130,000 bonds and on the gas and electric property
The St. Cloui Water, Ligbt & Power Co., which
$75,000.
assumed this indebtedness, is reported to be bonded for $100,000 more.
Snoqnalmie Falls (Wash.) Power Co.— Bonds Offered.—
Mason. Lawis & Co., by advertisement in another column,
offer $600,000, the entire amount issued, of an authorized loan
of $75), 000 first mortgage 5 per cent gold bonds, dated Nov.
1, 1899, aad maturing $bO,000 annually on Nov. 1, from 1905
to 1929, both inclusive, and subject to call at 105 and interest
on Nov. 1, 1909. The Illinois Trust & Savings Bank of
Chicago is trustee of the mortgage. The capital stock is
$500,000. The following facts are furnished. See also miscellaneous news item on page 435.
Thia company, at a total expenditure of $1,100,000, has deilie great water-power (said to be second in size in this counSnoqualmie Falls, about 30 miles equidistant from Seattle,
Tacoma, ana Everett. WashingtoT). The conscruction Is similar to
that of Niagara Falls Power Co. Maximum flow of river, 122,000 h. p.
minimum flow, 30,000 h. p. Distance from brink of falls to river
below is 270 feet. The plant installed at present develops 10,000 h. p.
Contracts made with the street railways of Seattle and Tacoma and
other interests amount to $123,120 per annum; operating exuenses
veloped
try) at
(estimated) $30,000; net income, $9.<,12<»; interest charges, $30,000; net surplus, $63,120. President, W. T. Baker, Chicago, 111.;
Vice President, A. H. Anderson. Seattle, Wash.; Secretary and Treasurer, George G. Lyon, Seattle, Wash.— V. 67, p. 691.
Southern
New England Telephone Co.— Dividends.— The
quarterly dividends paid last year on Jan., April, July and
Oct. 15 amounted to 6 per cent on the $3,511,000 stock, or
$150,660.
The report for the year 1899, published last week,
shows a balance of $163,510 Deducting the dividends, the
surplus is $12,850, against $1,868 in 1898.— V. 70, p. 381.
Sanset (Bell) Telephone & Telegraph Co.—^lortgage
Filed. The company has filed a consolidated mortgage to
the Old Colony Trust Co. of Boston, as trustee, to secure
$2,250,000 thirty-year 5 per cent gold bonds, dated Oct. 2,
1899, and due Oct. 1, 1929, with a sinking fund of $105,000,
payable Oct. 1 yearly, beginning 1909. The bonds are in denominations of $1,000 each, and are subject to call at 105 and
interest on or after Oct. 1. 1913. There is a prior twenty
year first mortgage of $750,000 to the California Title Insurance & Trust Co., as trustee, due July 1, 1913, for which an
adequate sinking fund is provided to retire the same at maturity, the said sinking fund now exceeding $100,000 in
amount. The new mortgage was authorized in September
last, and was then reported to be for $3,000,000,—V. 69, p. 1348.
Syracuse Gas Co.
Consolidation.
See United G-as
Electric Co. of Syracuse, below. V. 69, p. 854.
Telephone Telegraph & Cable Co. of America.— Purchase of Erie fBellJ Vompany.—See Erie Telegraph & Telephone Co. above.
Stock.—The stock of the Telephone Telegraph & Cable Co.
was traded in for the first time this week. The authorized
issue is $30,OtO,000, par value of shares $50, and the stock is
10 per cent, or $5 per share, paid. It is said that another call
will soon be made on the stock. V. 70, p. 384.
Tripler Liquid Air Co.— Stock Offered.— The company
offers for public subscription 100,000 shares ($1,000,000) of
its $10,000,000 capital stock at $5 per share, the par value
beirg $10. An advertisement says
The company absolutely controls all the inventions, rights and appliances of Charles E. Tripler for the manufacture and utilization of
liquid air. These rights constitute a monopoly, since no other patents of practical utility hare ever been granted. The company has a
factory in New York City (at 121 West 89th St.), where liquid air is
being manufactured in commercial quantities, and it Is being used
daily in leading hospitals and for motive power. The present weight
of an automobile cab averages 3.0U0 pounds operated by a storage
battery. An automobile operated by liquid air weighs 1,000 pounds,
and has 50 per cent more effloienoy at one-half the cost of operating.
In the shipment of fruit from California flfty-flve gallons (SOOpounds)
of liquid air per car will do the work of 0,000 pounds of ice, and
make a saving of $130 per car in ice and its freight, or an annual saving or profit of over $1,250,000 in tliis one unimportant branch of
—
—
—
—
&
—
1
refrigeration.
The purpose of this present offering of stock is to secure additional
funds for the building of a demonstrating plant at New York City,
the establishment of plants in London. Berltn, Paris and Brussels,
and
and
for the organization of subsidiary companies in foreign countries
in the several States of the Union. This is the first and only stock
of this company which has ever been offered for sale. The stock i.s
fuUpaid and non-assessable, and the stockholdere are free from all
liability. There are no bonds or preferred stock. The holders of
Btock in this, the parent company, will share in the profits resulting
from the operations of the various foreign or local sub- companies, a
large portion of the stock of which will be held by this company.
The office is at 11 Broadway. Charles E. Tripler is President; J. B. M. Grosvenor Vice-President; Henry A. Kirkham,
Treasurer; Jerome B. Landfield, Jr., Secretary. Directors:
Charles E Tripler, 40 West 77th 8t.,N.Y.; J. B. M. Grosvenor, 66
Beaver 8t.,N. Y.; John M Hoen, 11 Broadway, N. Y.; William A.Vinoent, Rookery Building, Chicago; John P. Jones, U. S. Senator, Washington, D. C; Frank J. Cannon, Utah.
The National L-quid Air Co., a rival concern, has recently
been offering
its
stock.— V.
69. p. 1066.
United States Flour Milling Co.—Receiveirs.—Oa the apGeorge W. Ballou, a stockholder, and secretary of
the reorganization committee, Samuel Thomas, chairman of
the reoraranization committee, Albert C. Loring of Minneapolis, Minn., and Charles E. Kimball of Summit, N. J.,
were on Feb. 24 appointed receivers of the property of the
company by the New Jersey Court of Chancery and on Feb.
26 by the United States Courts in various States, viz. by
Judge Jenkins at Milwaukee, Wis.; by Judge Sanborn in
Minnesota, and by Judge Lacombe in this city. Notice of
this fact, and also that the reorganization committee desires
plication of
:
to assist the receivers as far as practicable in the preservation of the property and its business and good- will, is given
by advertisement.
—
—
Majority deposited Time extended. Notice is also given
that a majority of the outstanding first mortgage bonds and
preferred and common stock of the company has been deposited with, or otherwise placed under the control of, the
committee, under the plan of reorganization, and that agreeably to request the time for deposit of securities with the
Metropolitan Trust Co., 37 Wall Street, is extended to and
including March 20, 1900.
Hecker- Jones- Jewell Milling Co. - See that company above.
—V. 70, p. 284, 180.
United States Mining Co.— Bonds Subscribed.—The new
bonds to be issued in accordance with the plan (V. 70, p. 384)
have been over subscribed. The circular alloting the bonds
says:
Calls for payment are limited to 10 per cent a month, and the first
payment is bereby called for March 1, 1900, payable at the American
Loan & Trust Co., Boston, Mass., with which a sum sufficient to pay
two years' Interest upon each bond issued will be deposited In a
special account, to be used for no other purpose. A pro rata amount
of stock will be delivered as payments are made for the bonds. The
American Loan & Trust Co. will issue their negotiable receipts, aB
payments are made, which receipts will be exchangeable tor bonds
now being prepared. -V.
—
70, p. 3a4.
&
&
Sons
Kessler
Co. of New York and E. H. Rollins
of Boston offer for public subscription, at 101 and interest,
$:i,872,C00 general mortgage 5 per cent sinking fund gold
Southwestern
bonds, payable Dec. 1, 1929, of the Danver
Railway Co The total present issue is $4,923,000, but of this
amount $2,051,000 bonds have been withdrawn for permanent
&
investment. The company has acquired by purchase the
bonds and shares in various Colorado corporations— railways
leading from the rich gold-producing district of Cripple
Creek, Col., and several other corporations that render valuable service within this district. These bonds and shares are
lodged with the Continental Trust Cc, to secure the bond
Southwestern Railway Co. The railissue of the Denver
roads embraced constitute a total of 124 miles. The capitalization of the company includes $5,500,000 bonds, of which
$577,000 are reserved to redeem outstanding Midland Terminal 5 per cent bonds, $3,000,000 5 per cent preferred stock
and $3,C 00,000 common stock. The gross earnings of the
constituent companies of the Denver & Southwestern for the
year ending June 30, 1899, are reported by Haskins & Sells,
certified public accountants, at $1,990,036, against $',635,808
in the previous fiscal year, and net earnings at $862,068,
against $729,668. Deducting allowance for unacquired stock
of the Metallic Extraction Co., amounting to $51,768. a balance is left for the last fiscal year of $610,300. After deducting fixed charges of all kinds, including sinking fund requirements of $120,000, a surplus was left of $415,300. All
legal questions connected with the company's formation and
the general mortgage have been approved by Storey, ThornLedyard, of New
dike & Palmer, of Boston, and Carter
York. Sae advertisement elsewhere.
&
&
—
An interesting publication, setting forth facts about the
Southern States, has just been issued by the Southern Railway. It is called "The Empire of the South," and gives a
comprehensive exhibit of the development of this section of
the country in every line of activity. It contains a discussion of the South as it was, as it is, and as to its destiny, and
treats at considerable length the various interests, such as
agriculture, cotton, tobacco, iron, coal, resorts, and climate.
Chapters are devoted to each of the States south of the Ohio
and Potomac rivers, and east of the Mississippi River. In
these the early history of the States is given, and the important features are touched upon, as well as the progress of the
leading cities. The volume contains more than 500 half-tone
illustrations from photographs, and is a very attractive
book, well calculated to incline the reader to see for himself
copy may be obtained
the scenes so charmingly pictured.
by remitting 15 cents for postage to Alex. S. Thweatt, EastPassenger Agent, 271 Broadway, New York.
A
em
—Messrs. Denison, Prior & Co., Boston, direct attention to
change of address from 35 Congress St. to 8 Exchange Place,
where they have secured larger offices en the ground floor.
o
THE CHRONJCLE.
434
[Vol.
LXX.
zation include extensive reductions of grade, the acquisition
of terminal and other yards, new shops, additional equipment, and the re-laying of large portions of the road with
heavy steel rails. These improvements have been to a great
extent arranged for and are being actively prosecuted.
The land grant of the Company consists of 450,000 acres,
APPLICATION TO LIST
SECURITIES ON
including valuable iron mines leased on royalty. The net
STOCK EXCHANGE.
proceeds from the land department are estimated at not less
than $75,000 per annum.
New Yobk, February 7, 1900.
The Wisconsin Central Railway Company, in addition to
Wisconsin Central Railway Company respectfully applies acquiring the ownership of the railways and equipment of
to have the following described bonds and stocks issued by the Old Companies
constituting the system described above,
it placed on the regular list of the New York Stock Ex- has
acquired also all of the bonds and stocks of each of the
change, viz
old Companies with the exception of the following bonds
$22,500,000 Fifty-year First General Mortgage Four per Cent Gold and stocks now outstanding in the hands of the public.
Bonds, toeing 22,500 bonds for $1,000 each, numbered
$721,500 par value Wisconsin Central Railroad Company First Series
frona 1 to 22,500, inclusive.
Bonds.
11,111,700 Four per Cent Non- cumulative Preferred Stock, being
604,000 par value Milwaukee & Lake Winnebago Railroad Company
111.117 shares of the par value o f $100 each, repreFirst Mortgage Bonds.
sented by Voting Trust Certificates.
80,000
par
value Milwaukee & Lake Winnebago Railroad Company,
15,638,800 Common Stock, being 156.388 shares of the par value of
Manitowoc Division, First Mortgage Bonds, called for re$100 each, repiesented by Voting Trust Certificates.
demption on April 1, 1900.
The Company was incorporated under the general laws of 776,000 par value Chicago Wisconsin & Minnesota Railroad ComWisconsin on December 27, 1897, under Articles of Associapany First Mortgage Bonds.
tion filed in the office of the Secretary of State of Wiscon5,000 par value Chicago Wisconsin & Minnesota Railroad Company Income Bonds.
.sin, December 30, 1897.
8,000 Milwaukee & Lake Winnebago Railroad Company Income
The securities of the Company have been issued in pursuBonds.
ance of the Plan of Reorganization of the Wisconsin Cen2,000 par value Wisconsin Central Railroad Company Common
tral System, dated April 10, 1899. Six copies of such Plan
Stock,
of Reorganization and of the Articles of Association and of
the outstanding .securities of the above classes having been
the Amendments thereto, dated July 6 and July 8, 1899, are reduced
to the above amounts
the
of further
^i:p^0rt$ itnd
^ocnmtnts.
WISCONSIN CENTRAL RAILWAY CO.
NEW YORK
NEW
THE
:
herewith submitted.
Each share of the Preferred Stock is entitled to receive
or have set apart for it a non-cumulative dividend, if declared, to the extent of Four per Cent per annum, beginning July 1, 1899, payable out of the surplus net earnings
each fiscal year before any dividend for such year shall be
paid on the Common Stock, and without deduction for any
United States, State, County or Municipal taxes which this
company may be required at any time to pay or retain
therefrom. In any year in which Four per Cent dividend
shall have been declared on behalf of Common and Preferred Stock, all shares, whether Preferred or Common,
shall participate equally in any further dividends for such
year. Whenever, for two successive years, dividends upon
the Preferred Stock at the rate of Four per Cent per annum shall not have been earned and paid in cash, said Preferred Stock shall thereafter have the right to elect a majority of the Boa±d of Directors of this Company.
The Preferred Stock of the Company cannot be increased
beyond $12,500,000 par value, except after obtaining the consent of the holders of at least a majority of the whole amount
of the Preferred Stock, given at a meeting of the stockholders
called for that purpose, and also the consent of the holders of
a majority of such part of the Common Stock as shall be
represented at such meeting, the holders of each class of
stock voting separately.
The Company now owns all the railroad, equipment, franchises, telegraph lines, securities and other property formerly belonging to the following Companies, forming together what was known as the Wisconsin Central System,
by
surrender
securities since the execution of the Mortgage.
($229,000
old First Mortgage Bonds have been acquired since the execution of the Mortgage.)
For the acquisition or payment at maturity of the First
Mortgage Bonds of the above classes outstanding $2,652,000
of the First General Mortgage Four per Cent Bonds of the
Wisconsin Central Railway Company were reserved under
the terms of that Mortgage, and are now held by the United
States Trust Company, Trustee. Of the bonds so reserved
$251,900 are now available, as against the $2-.i9,000 old First
Mortgage Bonds above referred to, acquired since the execution of the Mortgage.
The properties of the several Companies formerly constituting the Wisconsin Central System and the remaining
bonds and stocks of the old Companies, as specified on pages
20, 21 and 22 of the First General Mortgage of the new
Company, were acquired by it from the Reorganization
Committee. The above amount of $2,000 Wisconsin Central
Railroad Company's Common Stock is the only stock now
outstanding of any of the old Companies (the stock of the
Wisconsin Central Railroad Company, Preferred and Com-
mon, amounted to $11,435,500).
The property formerly belonging to the Wisconsin Central
Company was purchased by the Reorganization Committee
at the foreclosure sale under the First Mortgage of the Wisconsin Central Company, dated July 1, 18^7, and the properties of the other Companies were purchased by the Committee direct from those Companies.
Bonds and stocks of the several Companies were acquired
by the Reorganization Committee, partly under the decree
namely:
of foreclosure, partly by purchase from the receivers of the
Wisconsin Central Company,
Wisconsin Central Company and of the Wisconsin Central
Wisconsin Central Railroad Company,
Railroad Company, partly by purchase direct from the sevChicago Wisconsin & Minnesota Railroad Company,
eral old Companies, partly by purchase from the public, and
Milwaukee & Lake Winnebago Railroad Company,
partly through deposit under the Plan of Reorganization.
Packwaukee & Montello Railroad Company, and
The bonds and stocks of the several old Companies deCentral Car Company.
posited under the Plan of Reorganization of the Wisconsin
The railway lines operated by this Company, aggregating Central System dated April 10, 1899, were exchanged for
1,000-50 miles, extend from Chicago to Milwaukee, St. Paul, securities of the new Company on the following basis:
Neto
Neiv
Minneapolis, Manitowoc and Ashland, with branches from
Payment to
New Preferred Oommon
Stevens Point to Portage, from Chippewa Falls to Eau
Stock.
Syndicate.
Bonds. Stock.
Claire, from Packwaukee to Montello, and from Mellen to Wisconsin Central Co.
$300
$600
$300
1st Mort. 5 per cent
Bessemer, besides other small branches and spurs to industries. The Wisconsin Central Railway Company owns Wisconsin Central Co.
450
400
Income Bonds
$200 per bond
all of these lines and their terminals in fee, except the
Central
Co.
Wisconsin
entrance into and terminals at Chicago, the line from Rugby
20
40
Preferred Stock
20per share
Junction into and terminals at Milwaukee, the line from
Wisconsin Central Co.
Trout Brook Junction into St. Paul and Minneapolis, and a
40
10
10 per share
Common Stock
short part of the Brook Junction into St. Paul and Minne- Wisconsin Central RR.
apolis, and a short part of the line at Eau Claire, the several
100
Co. Common Stock
lines thus operated, but not owned, by this Company aggre- Minnesota St. Croix &
Wise msin RR. Co. Ist
gating 53-91 miles. The main line mileage owned by the
....
1,000
Mort. 6 per cent
Company is 783'21 miles, which mileage includes a half interest purchased from the Chicago Milwaukee & St. Paul Minnesota St. Croix &
Wisconsin RR. Co. TerRailroad in 14-37 miles of road between Menasha and Hil125
1,000
minal Mtg. 8 p.c. Notes
bert Junction, in the State of Wisconsin. The Company Minnesota St. Croix &
further owns spurs to industries aggregating 163-38 miles,
Wisconsin RR. Co. Improvement Purchase
making a total of 946-59 miles owned by the Company.
125
1,000
Money 8 p. c. Notes
All the lines of railway are laid with steel rails, varying
in weight from 52 to 85 lbs., about one-half of the road being
laid with 60-lb. rails. 80 and 85-lb. rails have been adopted
as the standard by the Company, and all the new rails that
are being laid are of those weights.
The equipment of the Company consists of 143 locomotives, 123 passenger cars and 8,052 freight cars, and additions to the equipment are now being made.
Of the money reserved in the Reorganization for improvements and rolling stock, only a small part has thus far been
expended for those purposes, the amount expended to February 1, 1900, for improvements being $3!:<5,000. The improvements contemplated and provided for by the Reorgani-
Wisconsin & Minnesota
RR. Co. Ist M. 7 p.c
Chippewa Falls & Western RR. Co. 1st M. 7 p.
Packwaukee & Montello
RR. Co. Common Stock.
The Wisconsin Central
1,000
30
100
1,000
ICO
placed in receivers*
hands September 27, 1893, on suit brought in the Circuit
Court of the United States for the Eastern District of Wisconsin by John A. Stewart and Edwin H. Abbot. Trustees
under the Mortgage of that Company, dated July 1, 1887.
Company was
On two amended and supplemental
filed
respectively Febru-ary 13. 1896, and
bills
May
of complaint
a de-
18. 1896,
:
March
THE CHRONICLE.
1900.]
3,
cree of foreclosure was entered December 27, 1897, and
after extensive hearings before Frank M. Hoyt, Special
Master, the decree of sale on foreclosure was entered May
The sale was held on July 7, 1899. by the Special
30, 1899.
Master, and the decree confirming the sale was entered
July
8,
1899.
Ancillary proceedings for the appointment of receivers
and for foreclosure and confirmation of sale were duly had in
the United States Circuit Courts for the Northern District
of Illinois, the Western District of Wisconsin, the District
of Minnesota, the Western District of Michigan, the Southern District of New York and the District of Massachusetts.
The First General Mortgage Four per Cent Gold Bonds are
issued under and secured by a Mortgage dated July 13, 1899,
executed to the United States Trust Company of New York,
and John A. Stewart, as Trustees, and a Supplemental Mortgage to John A. Stewart and Eugene Delano, Trustees. The
bonds are dated July 1, 1899, and will mature on July 1,
1949, and the principal and interest of the bonds are payable in the City of New York, in gold coin of the present
standard of weight and fineness. The interest is payable
January 1 and July 1 at the office of Maitland, Coppell &
Co., No. 34 Exchange Place, where also the bonds may be
registered. Both the principal and interest of the bonds
are payable without deduction for any tax or taxes which
the Railway Company may be required to pay or retain
therefrom under any present or future law of the United
States of America, or any State, County or Municipality
therein.
The First General Mortgage is in effect a First Mortgage
upon all the property, real and personal, of the new Company, subject only to following underlying liens, namely,
the bonds of the several old Companies specified above,
aggregating $3,194,500 purchase money notes upon a part
of the Manitowoc Terminal property amounting to only
$3,885 (these notes having not yet matured), and some Mortgages given to secure bonds of the Chicago Milwaukee &
Bt. Paul Railroad Company on the half interest in the 14*37
miles of road between Hilbert Junction and Menasha, recently purchased from that Company, as above stated, and
;
Liabililtes
435
—
Capital Stock
:
Common
$17,500,000 00
12,500,000 00
Preferred
$30,000,000 00
Funded Debt
$22,500.000 00
First Mortgage Bonds
733,000 00
First Series Bonds W. C. RR
776,000 00
First Mortgage Bonds C. W. & M. RR.
604.000 00
First Mortgage Bonds M. & L. W. RR.
Divisional First Mortgage Bonds M. &
171.00000
L. W.RR
Manitowoc Mortgage Notes
Maitland, Coppell & Co
Vouchers and pay-rolls
Accrued interest on bonds
Land Department income
$3,885
42,867
507,084
5oi.990
364,541
t6,403
Miscellaneous
24,784,000 00
00
67
81
81
67
56
1,486,773 51
Total liabilities
$56,270,773 51
494,339 24
.'
Income account
$56,765,112 75
The Wisconsin Central Railway Company took over the
property from the Receivers as of midnight June 30th, 1899,
and the business of the Company for the six months ending
December 31st, 1899, has resulted as follows:
$3,037,356 07
1,774.419 52
Gross earnings
Expenses
$l,265?,936 55
Net earnings
Other income
10,177 17
$1,273,113 72
Total
Proportions of: Interest
$513,366 84
97,583 26
Taxes
Rentals: Chicago Terminals.. $93,489 19
Chic. Milw. & St. Paul RR.. 37,715 68
Northern Pacific RR
Great Northern Ry. Co
Minnesota Transfer Ry
9,966 25
22,581 00
4,072 26
167,824 38
•
Surplus
for the current fiscal year
to about $330,000.
The rentals
amount
it is
778,774 48
$494,339 24
estimated will
The Directors of the Company are: George Coppell, John
pay
so that the Mortgages will be discharged at the maturity of Crosby Brown, William L. Bull, Fred. T. Gates, Francis R.
the bonds secured thereby.
Hart, Charles C. Beaman, Gerald L Hoyt, James C. Colgate,
All of the other bonds of the several old Companies con
H. F. Whitcomb and Howard Morris.
stituting the Wisconsin Central System have been acquired
The OflScers of the Company are: George Coppell, Chairby the new Company, and have been deposited with the man of the Board of Directors: H. F. Whitcomb, President;
United States Trust Company, Trustee, under the terms of Charles C. Beaman, General Counsel; Howard Morris, Counits General Mortgage as muniments of title.
sel; Frederick Abbott, Treasurer; Charles M. Morris, SecreOf the total amount of $37,000,000 bonds,
tary; Joseph S. Dale, Assistant Secretary.
$22,500,000 Bonds have been issued and delivered to the ReorganizaCopies of the Mortgage and Supplementary Mortgage,
tion Managers and have been distributed or are in
of United States Trust Company, Trustee,
Certificates
course of distribution under the Plan of Reorganization
to holders of Certificates representing old securities and Opinions of Counsel, and specimens of bond and of the
to the Syndicate.
Voting Trust Certificates are herewith submitted.
$2,652,000 Bonds have been reserved for the acquisition or redempYours very truly,
which bonds that Company has assumed and agreed
to
tion of underlying First Mortgage Bonds, as referred to
in Article I., Section 3, of the Mortgage. The outstand-
&
Lake Winnebago Railroad Company,
Manitowoc Division, First Mortgage Six per Cent Bonds
have been called for redemption on April 1st, 1900.
$1,848,000 Bonds have been reserved to be issued from time to time,
and their proceeds used for improvements, bettering Milwaukee
ments, equipment, etc., as specified in Article
4, of the Mortgage.
I.,
Section
The total amount of the Preferred Stock is $12,500,000,
and of the Common Stock $17,500,000, all of which, with the
exception of 1,000 shares of Common Stock, has been deposited with the United States Trust Company of New York,
and the voting power thereon has been vested in the following five Voting Trustees, George Coppell, John Crosby
Brown, William L. Bull, Fred T. Gates and Francis K. Hart,
under an Agreement dated July 13, 1899, in pursuance
whereof the stocks will be held by the said Voting Trustees,
or their successors, until July I, 19C4, although distribution
of the stocks may be made at any earlier date by the Voting
Trustees at their discretion. Until such distribution of the
stocks is made by the Voting Trustees, Voting Trust Certificates will be issued, entitling the registered holders to
receive payments equal to the dividends collected by the
Voting Trustees upon a like number of shares.
The Voting Trust Certificates are issued and transferred
by Maitland, Coppell
Co., New York, as Agents for the
Voting Trustees, and are registered by the United States
Trust Company, as Registrar of Transfers.
$1,388,300 Preferred Stock and $1,861,200 Common Stock
(Voting Trust Certificates) are reserved in the Treasury of
the Company for future requirements.
The following is the Company's General Balance Sheet of
&
December
31, 1899:
AssetsCost of road and equipment
New equipment
,
Improvements
Geo. Coppell, Trustee
Purchase of Securities Account
W. C. RR. First Series Bonds Purchase Account
Minn. Transfer Railway securities
A. &N. E. RR. First, Mortgage Bonds
W. C. RR. First Series Sinking Fund Account
W. C. Railway Preferred Stock at par
W. C. Railway Common Stock at par
Land Department
Supplies on hand
Cash
Traffic accounts
Miscellaneous.
Total assets
$50,929,747
36,718
331,008
78,038
30,81 5
12,547
16,763
35.000
3,105
1,3«8,300
1,861,200
212,957
614,P28
935,139
251,764
27,078
12
00
12
19
50
90
22
00
77
00
CO
26
47
62
68
90
WISCONSIN CENTRAL RAILWAY COMPANY.
By John Crosby Brown, Acting Chairman of
the
Board
of Directors.
Referring to the foregoing statement,
we
also
hereby
make application for the listing of Wisconsin Central Railway Company Voting Trust Certificates for 111,117 shares
of Preferred Stock, 156,388 shares of
Common
GEORGE COPPELL,
1
JOHN CROSBY BROWN,
WILLIAM L. BULL,
FRED T. GATES,
Stock.
I
J^
Voting Trustees.
|
FRANCIS R HART,
J
The Committee on Stock List recommends that the abovedescribed $83,500,000 Fifty-year First General Mortgage
Four per Cent Gold Coupon Bonds of 1949, for $1,000 each,
Nos. 1 to 22.500, inclusive, and Voting Trust Certificates for
$11,111,700 Four per Cent Non-Cumulative Preferred Stock
and Voting Trust Certificates for $15,638,800 Common Stock
be admitted to the list.
Adopted by Governing Committee February
28, 1900.
—Attention is called to the offering by Messrs. Mason,
Lewis & Co. of $600,000 Snoqualmie Falls Power Co. 5 per
cent first mortgage gold bonds. This water power, now in
operation, plant electrically installed and designed by the
Westinghouse Manufacturing Co. is said to be surpassed
only by the Niagara Falls Power Co. It is located about 30
miles from Seattle, Tacoma and Everett, Washington, to
which cities, containing an aggregate population of 150,000,
power is transmitted directly over the company's own lines.
It is further stated that the mechanical development and
electrical installation of the prorerty represents an actual
cash outlay of approximately $1,100,000, and that the appraised value of the falls, real estate and equipment directly
securing these bonds is $1,600,000. The contracts for revenue
include one of $90,000 per annum for supplying power for a
term of tmenty-five years. Further particuars may be found
,
in the advertisement.
— Robert D.
Farlee was this week elected a member of the
York Stock Exchange, Mr. Farlee is a member of the
firm of J. S, & R. D. Farlee, the ^well-known bond dealers,
whose name has become familiar to our readers through
their card, which has appeared for years in the Investors'
$56,765,112 75 Supplement.
New
. ...
THE CHRONICLE.
436
[Vol.
LXX.
COTTON.
coTm^m IeIr^Ta L
Epi
Yq^^
1900,
Friday Night. March
WA severe snow-storm experienced
Middle West, and
in
2,
the
which subsequently traveled East (though in New York and
it was a rain-storm) interrupted traffic and tele-
vicinity
graphic facilities to a considerable extent during the latter
part of the week, and business naturally was affected. The
general situation, however, has not changed in any inaportant particulars. In some lines complaint continues to be
heard of a dulness of trade. The general feeling, however,
has been that it is only temporary, and prices have been
fairly well maintained.
There has been some irregularity
to values for staple products. Cotton has made a further
sharp advance, while coffee has declined and grain provisions
and sugar have been easier.
March
stocks of Merchandise.
Pork
Lard
Ooffee, Brazil
Coffee, other
Ooffee, Java, &c...
Sugar
Bngar
No,
2.'5,70O
bales,
bbls.
bbls.
bbls.
129.608
35,654
hlids.
Hides
Ctottou
Kosin
Spirits turpentine
Tar
Klce.E. I
Bice, domestic
Linseed
hemp
Flour
1,743
2,113
3,500
5,400
bags.
bbls.
....
bales.
bales.
bales.
bbls.andsacfeH
1,
1899.
6,208
14,121
4,500
502,162
49,598
118.966
None.
24,092
12,612
18,844
5,866
872,305
106,304
82,049
Noue.
48,455
None.
None
31,900
128.751
37,469
2,355
1,860
2,200
5,600
37,2<i0
113,406
2,J,332
1,757
1,633
1,100
8.000
None
None.
6,7ro
1,500
2.515
75,600
2,567
96,700
1.980
None.
15.212
44,224
83,300
200
Lard on the spot has been; easier, and at the lower prices
business has been slightly more active, as both exporters and
refiners have been better buyers.
Tne close was steady at
6*10@6 15c. for prime Western and 5'65@.5'70c. for prime
City. Refined lard bag been in moderate demand and steady,
closing at 6-40c. for refined for the Continent. Speculation
in lard for future delivery has been moderately active.
Early in the week, under realizing sales and in sympathy
with the decHne in grain, prices weakened slightly. Tbe
was steadier on smaller receipts of swine than expected and comparatively light stocks at the West.
DAILY OLOSINO PKI0E8 OF LABO FUTUBE8.
close
February
Sat.
Mon,
Tues.
6*17
610
610
March
Wed.
Thurs,
this evening the total receipts have reached 157,686 bales,
against 179,701 bales last week and 194,579 bales the previous
week, making the total receipts since the Ist of Sept., 1899,
5,508.026 bales, against 7,259,516 bales for the same period of
1898-9, showing a decrease since Sep.l, 1899, of 1,753,490 bales.
at—
Beeeipti
Fri'
Mon.
Sat.
4,511
Sab. Pass, &c.
New Orleans...
2,615 15,075
MobUe
5,147
Toiat.
Fri.
6,613
261
9,085 19.374
3,068
2,081
186
447
3,532
7,114
395
101
167
4,935
222
405
3 403
246
56,795
1,697
6,062
30,809
1,293
9,791
2,399
634
178
TKur$.
Wed.
Tue$.
Salveston
Pensaoola, &o.
5,198
4.967
8,598
5,657
3.708
1,047
1,621
3,654
997
885
824
1,810
Wilmington....
202
391
260
270
168
107
5
1,398
WaBh'ton,&c.
Norfolk
1,839
4,618
1,741
2,053
1,546
675
752
422
764
1,619
1,328
188
785
1,086
1,067
600
1,302
247
355
250
48
493
126
79
775
154
518
140
12,883
1,255
4,876
4,547
1,011
savannah
Brunsw'k.&c.
Charleston.. ..
March
None.
5,000
None.
28S
bags.
bags.
Saltpetre
Jnte butts
Manila hemp
bhdB.
bags.
bags.
mats.
bags, &o.
Molasses, foreign
Blsal
lihds.
5,137
11.857
4.350
622,935
65,500
105,715
None.
22,327
None.
tea.
Feb. 1,
1900
1900.
bbls.
Tobacco, domestic
1,
Feiday Night. March 2, 1900.
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
Ft. Royal.&c.
N'p't
News, Ac,
New York.
Boston
Baltimore
Phlladel'a, &o..
5
998
week 17,946 35,922 26,470 42,863 15,166 19.319 157,686
The following shows the week's total receipts, the total since
Sept,l,1899, and the stock to-night, compared with last year.
Tot. this
1899-1900.
Seeeiptt to
March
2.
Thin
week.
Stock.
1898-1899.
Since Sep.
1, 1899.
Thit
week.
Salveston.
Sab.P.,&o.
New OrleauB
23,819 1,560,598
447
65,851
56,795 1,507,858
MobUe
171,769
1,697
P'saoola, &o.
6,062 119,325
Savannah... 30.809 931,740
Br'wlck.&o
91,041
1,293
Charleston..
229,259
9,791
P.Royal,&c.
1,214
Wilmington
1,398 248,770
Wash'n, Ac.
5
776
Norfolk
12,883 340,098
24,868
N'port N.,&f
1,255
34,525
New York.
4,876
68,940
Boston
4,547
Baltimore
71,154
1,011
Phlladel.&c.
998
38,240
Since Sep.
1, 1898.
14,102 2,110,720
1,059
69,747
28,724 1,785,816
3,470 229,936
169,217
7,771
981,308
8,178
886 260,051
345,336
1,473
44
23,229
757 286,638
4
1,309
8,722
565,337
287
22,805
81,402
4,283
4,824 259,085
3,029
30,532
3,515
37,048
.
1899.
1900.
144,231
106,398
374,212
18.995
351,517
21,245
141,141
4.727
34,925
48,961
9,032
19,675
......
"*
14,778
10,582
39,913
8,167
135,908
37,000
13.823
7,981
53,809
......
204
110,500
34,500
20.517
607
610
6-12
Pork has been in moderately active demand and steady,
8.986
closing at $10 75@li 25 for mess. Cut meats have been dull
Totals
157,686 5,506 026 91,128 7,259,516 975,801 795,926
and easy. Tallow has been steady, closing at 5 7- 16c. for
prime City. Cotton seed oil has sold slowly and prices have
In order that comparison may be made with other years,
weakened slightly, closing at 37@373^c for prime yellow. we give below the totals at leading ports for six seasons.
Batter has had a better sale and prices nave advanced to 25c.
.
for best grades of creamery. Cheese has been in fairly active
demand and firmer. Fresh eggs have advanced, closing firm.
Brazil grades of coffee have continued to meet with a slow
sale.
Owing to the quiet condition of trade and full receipts
at Rio prices have been easier, closing at 8}^g. for Rio No. 7.
West India growths have been quiet, but as offerings have
continued light, prices have been fairlv well maintained,
closing at 1034@ 11c. for good Cncuta. East India growths
have been firm but quiet. Speculation in the market for
contracts has been moderately active. Owing to the quiet
trade and fairly full receipts there has been some aggressive
selling by bear operators, and this has induced selling
by
tired holders, under which prices have declined.
The close
was steady. Final asking prices were:
March
6-60o Aug
6-650. Nov
6-75o.
May
6-600. Sept
6-700. Dec
6-950.
July
6-650. Oct
6-750. Jan
7-000.
Raw sugars have been dull; refiners have been out of' the
market as buyers. The close was lower at 4 5-16c. for centrifugals 96 deg. test and 3J^c-. for muscovado 89 deg. test.
Refined sugar has been dull and easier, closing at 5c. net for
granulated.
Kentucky tobacco has been
tUeeiptt at—
1900.
aalves'n,&o.
24,266
66,795
1,697
30,809
9,791
1,403
12,883
1,255
18,787
15,161
28,724
3,470
8,178
1,517
287
682
455
24,308
23,703
wk. 157,686
91,128
150,717
New Orleans
Mobile
Savannah
Chas'ton, &c
Wilm'ton, &c
. .
Norfolk
N. News, &c
All others...
Tot. this
1898.
761
8,722
1896.
1897.
30,774
57,092
4,915
20,895
6,333
2,374
3,949
1895.
13,765
1,745
10,777
1,281
11,239
17,895
44,281
2,170
13,023
8,797
1,776
11,113
3,498
17,282
95,266
85,286
119,835
24,172
29,424
5,632
12,715
3,453
1,413
4,237
12,690
27.197
2,136
14,893
3323
Since Sept. 1 5506,026 7259,516 7519,177 6035,475 4545,497 6856.034
The exports for the week ending this evening reach a total
of 219,314 bales, of which 115,293 were to Great Britain, 17,330
to France and 86,691 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1899.
Wteh EndHna Mch.
from—
S,
190O.
from
Great
France
Brit'n.
10,123
16.225
67,956
8.479
4,366
7.488
25,430
60,787
750
58,708
408.390 1,346,377
39.126
47.47*
435,183 1,0(8,888
20,603
111,695
46,676 102.041
1.100
5,861
10.808
84.241
7,772
49:1
700
6.650
511,288 326.699
8,349
468,012 175,693
«1,002
39,218 16,247
140,762 34,848
39,785
44,694
20UI.
347,861
16,626
522,961
66.410
06.628
141.S22
23,774
220.279
244,053
7,772
494
26,407
3.736
7.182
1.494
29.143
8.976
103.955
8<:9,640
2.539
69,406
95.«0»
2,547
187,204
14,245
15.71-
79,567
S.EOO
238
5.828
06,866
3,174
3,200
6,874
29.648
2,647
19,405
3.678
139
1800.
Oontinent.
5,660
772
2,
Conti- lotal
Oreat
France
nent. Week. Britain.
t?,479
405
1, 1899, to Mch.
Exported to—
Sept.
Exported tu—
Mx9ort$
moderate demand and firmly
held. Seed leaf tobacco has been quiet and steady.
Sales Qalveston
for the week were 1,262 cases.
Sab. Pass, 4c.
New Orleans.
Ssraits tin has been in fairly active demand and
prices
have advanced sharply on the strength of the statistical po- Mobile
Pensaoola....
sition and stronger foreign advices, closing firm
at 33-75c
Savannah
Ingot copper has been in moderate demand and steady,
closBrunswick ...
ing at $16 25 for Lake. Lead has been quiet but steadv
clos- Charleston...
ing at 4-70@4-75c. for domestic. Spelter has had a
limited Port Royal...
sale at steady prices, closing at 4-6(i@4 65c. for domestic
Pig Wilmington.
iron has been quiet but steady at $19 50@24 00 for
Norfolk
domestic
Refined petroleum has been steady, closing at 9 90c in N'port N., &o.
bbls., 7-25C. in bulk and 11-lOc. in cases.
Naphtha un- New York....
changed at 10 65c. Crude certificates have been neglected Boston
Baltimore
Credit balances have been unchanged at $1 68.
Spirits turpentine has been dull and easier, closing at 55@55if c. Rosins Phlladelpiila.
have been firm but quiet at $1 75 for common and good Ban Fran.. &o.
strained. Wool has continuedjqaiet and easier.
Total
Hops have
had a moderate sale at steady prices.
Total. 1898-09,
in
1899.
26,019
1,230
64.631
128,526
116,293
17,880
819.314 1,881.979 680,735 1,929,631 4.092.346
61.289
1,000
144.649 3.02g.62»'637.213 8,2S3.612'5.949.647
«
..
March
«
We
&
437
— rhe
Futures.
July-
April—
JANUARY-
AUGUST—
OCTOBEB-
Closing Range
ClosingRange
Closing Range
Closing Range
Closing
Range
Other
Britain. France. Foreign
Great
12,720
17,492
None.
13.000
9.000
7.000
5,000
15,000
Oalveston
Savannah
Charleston
Mobile
Norfolk
New York
Other ports
Total 1900...
79,212
9,004
20,885
None.
None.
None.
None.
None.
None.
Ooattvoite.
28,445
33.350
12,000
None.
29,889
54,421
73,396
12,000
13,600
9,700
22,000
10.150
23,000
4.252
1,669
None.
600
None.
700
None.
15,000
None.
None.
5,150
8,000
218,267
87,645 21,521
819.791
70,835
129,141
21,325
-3<l
9.295
17,913
125,758
63,476
<I^
MO
1
34.652
85,284
13,056 46,901 27,412
13,089 109,161 26,720
122,021
234,254
673,905
952,814
on Thursday and 1 16c. to-day, closing at
9»^c. for middling uplands.
The rates on and otf middling, as established Nov. 15, 1899,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
i^c.
l^eon Strict Good Mid. Tinged. c. 3,gon
% on Good Middling Tinged
Even
7,8 on Middling Tinged
^s oft
I4 oflt
6jgon Strict Middling Stained
^^goff Low Middling Tinged
^ir, ofl
'isoff Middling Stained
''leofl
Strict Good Ordinary
% oflf Strict Low Mid. Stained... 1 oil
Good Ordinary
ISsofi
Hie oflf Low Middling Stained
On this basis the official prices for a few of the grades for
the past week Feb. 24 to March 2—would be as follows.
Fair
c.
Middling Fair
Strict Good Middling
Gk)od Middling
Strict Low Middling
Low Middling
—
UPLANDS.
mon Tnes
Sat.
€k>od Ordinary.
Low Middling..
8ie
8ie
8%
8^
8%
9ifl
93l6
919
Middling
Middling..
9i6,e
Fair...
GULF.
Low Middling..
838
838
9
9
8>«
9ie
97,e
97,6
99,6
9h
9'8
105,8
9%
Bllddllng Fair..
103,8
9%
103,
103, e
Mon Tnes
Sat.
Low Middling...
95,6
9B8
915i6 101,6
838
Middling........
838
95i
87,6
91t6
913,6
IOI4
Th. Frl.
8B8
9I4
9"l6
8II16
95,6
9%
10
10i,fl
107,8
IOI3
XVed Th. Frl.
8%
8%
8^
715,6
8^8
815,8
93,8
816,6
93i«
816,6
93,8
96, «
713,6
Middling
Btriot Middling
Good Middling Tinged.
Th. Frl.
9
9
<GK)od Middling.,
STAINED.
8H
Mon Taes Wed
Sat.
Good Ordinary.
915,8
lilted
93,6
8i«
91,6
914
97,
9ifl
8h6
9
for middling upland at New York on
eaoh of the past 33 years have been as follows.
The quotations
1900. ...0. 91a
6»ia
65,8
738
711,6
59,6
708
1892. ...0. 71,6
1891
815,6
1890
1889
1888
1887
1886
1885
115i6
103,6
1876...,0.12B8
1884 ....0.1078
I6I4
1875
1883
103,6
16
1882
lliiie 1874
20%
1873
2214
1872
15
913,6 1871
1879
99,6
2278
8'8
1015,6 1870
1878
12i«
2934
9ifl
1869
117,6
1877
Note.—On Oct. 1, 1874, grades of cotton as quoted were changed.
According to the new classification Middling was on that day quoted
%o. lower than Middling of the old claaslfloatlon.
MARKET AND 82^LES.
lOifl
1881
III3
1880......13i,a
»3-l
0000
»
-JvJ
•^05
1
-a<l
O>05
000
1
1
Range
Closing......
ClosingRange
March—
Closing Range
Closing Range
Fkbruart—
•1-a
-505
coco
d
s
1
<l^
-lo
<J05
QCOO
o<i
»3<l
05 05
OOM
^
<I<1
05
ODO
^
<l-5
-JC5
«
<I«3
<1<1
o-
oco
757,534
A
1899
1898
1897
1896
1895
1894
1893
Closing.Range
NOVEMBBB—
1
OOOD
ODOO
oooo
00 -q
QDO
00 »5
00 <1
Oko
d
1
^«3
a to
6d
*)<i
00 CO
00 CO
-3 -a
50 CO
^
1
«a<i
coco
1
s
<I<1
coco
WO)
«
^
1
COCO
00 CO
1
«
coco
OO)
000
1
9
-a»i
cocc
oco
""
1
1
to
1
to
1
1
aoo
1
d
ODOO
ODon
ODOO
QDOO
ccoo
OOOD
00 00
00 00
^05
05M
1
6)
1
d
00 00
ODOO
1
^
OOOD
uooo
00 05
-JO
1
^
0000
ODOO
OM
1
^
00
obi
1
OOM
1
^
00 en
CO 00
CO 00
CO 00
CO 00
05 0'
COM
000
MCO
ObO
oco
OOM
ceo
COM
oco
oco
COlPi.
00
1
^
05 CD
1
^
00
1-0
^
1
00 00
00
to 00
00 00
00
00
1
§)
00 00
1
€1
1
d
1
^
1
^
coco
o<i
MtO
oco
t-'l-'
00 VI
MtO
MCO
001
ceo
mk;
00 00
COCO
COCO
coco
coco
coco
CCCO
1
1
09 CO
05 01
1
®
MO
M<I
1
d
1
®
to
1
coco
°?
'
1
1
CO
^
1
1
*
1
d
<"
1
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05
00
^
1
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wco
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1
1
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coco
coco
coco
coo
coco
1
1
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to to
tOM
M<J
fcStO
to to
Mta
1
'
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to
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toco
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1
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1
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t3
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CCCO
1
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^00
1
^
1
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1
COCO
1
00
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coco
^
^
00 00
MM
1
1
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coco
1
M
1
,
0'
cooo
COCO
1
1
«
1
00
CO to
COCO
*^
05
CO
1
0000
ODco
^
M
CO
1
MO
^
^«o
1
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CO
00
1
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1
1
9
d
1
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1
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1
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1
^
coco
coco
coco
to to
to to
to to
to to
1
1
°?
<l
toco
1
1
*
1
1
to
CO
'
1
to
CO
Spot Mabkbt
Closed.
Batuxday.. Quiet at
Monday.... Doll
!«
Futures
Market
Closed.
Sales of Spot
Ex-
Con-
Con-
port,
sump.
tract.
adv.. steady
Steady
Steady
1,800
Tnesday . Dull
Wednesday Q't&st'y, i«ad.. Trreg.& easy
325
Thursday.. Dull at ^8 adv... Steady
Friday
Dull at 1,6 adv.. Easy
i'lO
TotaL—
& Oontbaot
2,235
50
20
Total.
50
166
1,920
800
1,125
iio
70
900 3,205
s
r
<e
°?
1
'
i
d
1
1
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1
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1
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0;
The Visible bUPPLY of Cotton to-night, as made up by
cable and telegraph, is as follows. Continental stocks, as well
as those for Great Britain and the afloat, are this week's returns, and consequently all European figures are brought down
to Thursday evening. But to make the total the complete
figures for to-night (Mch. 2), we add the item of exports from
the United States, including in it the exports of Friday only.
1900
1898.
1897
1899
Stock at Liverpool
bales. 630.000 1,785,000 1,203,000 1,396,000
Stock at London
4,000
10,000
3,000
3,000
Total Great Britain stock. 633,000 1,795,^00 1,207,000 1,399,000
Stock at Hamburg
9,000
19,000
19,000
20,000
Stock at Bremen
248,000 441,000 357,000 219,000
Stock at Amsterdam
3,000
6,000
3,000
2,000
Stock at Rotterdam
200
200
300
300
Stock at Antwerp
11,000
7,000
12,000
3,000
Stock at Havre
261,000 353,000 288,000 226,000
Stock at Marseilles
4,000
5,000
3,000
4,000
Stock at Barcelona..
75,000
64,000
75,000
67,000
Stock at Genoa
54,000
45,000
61,000
37,000
Stock at Trieste
5,000
13,000
3,000
13,000
Total Continental stocks.. 659,200 973.200
785,300 618,300
Tetal European stocks
.1,292,200 2,768,200 1,992,300 2,017,300
India cotton afloat for Europe
25,000 117,000
50,000 139,000
Amer. cotton afloat for E'rope. 569,000 442,000 557,000 293,000
Egypt, Brazll,&o.,aflt.for E'pe
38.000
40.000
46,000
37,000
Stock in United States ports.. 975,801 795,926 1,187,068 885,653
Stock in U. S. interior towns.
481,313 453,441 488,844 350,127
United States exports to-day..
20,249
26,759
24,607
34,173
Total visible supply
3,401,563 4,643,326 4,345,819 3,756.253
Of the above, totals of American and other descriptions are as follows:
Liverpool stock
Continental stocks
520,000 1,668,000 1,077,000 1,225,000
632,000 924,000 751,000 553.000
American afloat for Europe... 569,000 442,000 557,000 293,000
United States stock
975,801 795,926 1,187,068 885,653
United States interior stocks. 481,313 453,441 488,844 350,127
20,249
United States exports to-day..
26,759
24,607
34,173
Total American
3,198,363 4,310,126 4,085,519 3,340,953
East Indian, Brazil, die.
Liverpool stock
110,000 117,000 126,000 171,000
London stock
3,000
10,000
4,000
3,000
Continental stocks
27,200
49,200
34,300
65,300
India afloat for Europe
25,000 117,000
50,000 139,000
Egypt, Brazil, <feo., afloat
38,000
40,000
46,000
37,000
Total East India, &o
203,200 333,200 260,300 415,300
Total American
3,198,36 3 4,310,126 4,085.519 3,340,953
Total visible supply
3,401,563 4,643,;i2t} 4,34),U19 3,756,-^53
Middling Upland, Liverpool..
3i332d.
3i,6d.
53ed.
32932d.
Middling Upland, New York..
91sd.
6»,hC.
65|6C.
73,60.
Egypt Good Brown, Liverpool
55,6d.
Skd.
534d.
49,fld.
Peruv. Rough Good, Liverpool
713d.
6%d.
6'4d.
e'^ad.
Broach Fine, Liverpool
538d.
39,(.d,
3i5i8d.
3>«d.
TinneveUy Good, Liverpool...
4l32d.
SUggd.
5332d.
388d.
t^" The imports into Continental ports the past week have
been 109,000 bales.
The above figures indicate a decrease in the cotton in
sight to-night of 1,241,763 bales as compared with the same
date of 1899, a loss of 944,256 bales from the corresponding
date of 1898 and a decline of 354,690 bales from 1897.
bales.
—
'
.
1^
ttoek.
Total.
Speculation in cotton for future delivery has been active
at advancing prices, the market the past week reaching the
highest point recorded in the past five years. The speculative interests in both the local and foreign markets have
continued decidedly bullish and there has been active buying, both to cover short sales and for investment account.
The strength of the markets at the South, accompanied by
fairly general reports that the free movement of the crop
latterly has been at the expense of holdings, have been the
primal factors in the advance. The past few days the receipts at the principal interior towns have been steadily falling, which has been taken as evidence that the full crop
movement is over. Trade reports from both Manchester and
home sources have continued favorable to the market, and
the British successes in South Africa the past week also have
been a strengthening factor. A feature of the trading has
been unusually heavy buying by a prominent Wall Street
house, which, on Wednesday it was quite freely reported,
purchased about 100,000 bales for March, May and August
delivery,
considerable percentage of this buying, however, it was claimed was to cover short sales. Today speculation continued active and prices further advanced on
general buying, stimulated by stronger European and Southern advices and a decreasing crop movement. The close was
at an advance of 5@7 points for this crop and 1 point advance
to 3 points decline for the next crop. Cotton on the spot
has been higher; prices advanced %c. on Saturday, i^c. on
2 for
Range
8BPTBHBBB—
1
Total 1899. .
Total 1898...
Mch.
Closmg
Leavino
at
New Orleans...
Middling
Mat-
June—
ClosingRange
ON 8HIPBOABD, NOT OLBABBD FOB—
Good
lowest and closing prices of
following table.
highest,
New York are shown in the
Futures at
Decehbbb—
Wednesday,
«
.
THE CHRONICLE.
3, 1900.]
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.
add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert Barrows. Produce Exchange Building,
March 2
«
.
.
'
THE CHRONICLE.
438
At the Interior Towns the movement—that is the receipts
week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
•aorresponding period of 1898— is set out in detail below.
for the
OLOSINO QOOTAXIONS
ending
March
2.
Wednet.
834
813,6
813i8
85^1
S-'s
Mobile
Savannah...
8\
SH
8^
8iai6
813,6
8 '8
834
Charleston..
8%
888
8%
8^
8\
S\
8%
8i5ie
8%
8\
9
9
9
9iia
9>4
97,8
93,8
9I4
Wilmington.
Norfolk
Boston
Baltimore .
Philadelphia
Augusta
Memphis
8t.
Cincinnati
thena
pp
05--H>-';M
1^
to
00
rCO
-^
CO
I
I
to
05
^
to
»1
to
-
it-
1
«>tO:
ootO'
oito©cc t3©03s;i<itctctc«4QOMCO<i©a<outotvWi-«©-ii^ao
M
M 00 00 to a
©
00
to
)-•
t-<
to
M
w
tow
to
u i» o« 1^ CO o< o- to
CMCnooJi^-ococnauouiw
tO tS (-> W 05
C0C'N.t0MC0it»^flDCJ'MC0tC05<X*><lW<J — I-* 05 Wn'
VjVi'towc «©*»• oc'iqViGD*". to '^^l*^ ©©'••» w»a«M*^
<i-qo5Cooi*'ai»JtoojtooD»ato©oo>ocQocoi-'05Wifr o50ji-^ato —
Oi^toxcoo5«4>-'^t90aoi-'05au<©05w wi(kc;i(ntoo5>->aoco^ooto
!
I
«l.
I
I
^
2s
to
*
Week
Bnding—
^^
V
05©^aDtOOO»-'tON>— 05000WtOlfk|fk(-iM<l*>-©WH'Ct<5<I©
C*5
-q
!
i(>.
MO
OB
I
"
^p
wp
W^
Jan. 26
Feb. 8
9
M *- K- w
to
M
•'
<1
<l
tOMpO;
*4a5w©cdts:
M
M
cow
•^•-•h-w
;
'to«j:
ow;
•»iao*jow05' ooa
to
WMWWCOpMM
to
M
y^3^P'i>'i''y>*^*^yfT'
oa<ib«VVV'wi«».o''tco''i«''o'uDVooo5<»V©
o5tocow(ou<too5to<i05iF'0^'0<i»>4©ccni->
Mi-'«3it>.otoco<i«j'.otg»icotOMo»aco-'oa.-
I*
CO
*
show that the Interior stocks have deweek 53,496 bales, and are to-night 27,872
same period last year. The receipts at all
towns have been 15,411 bales less than same week last year.
Overland Movement fob 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
The results for the week ending
reports Friday night.
Mch. 2 and since Sept. 1 in the last two years are as follows.
The
aTx>ve totals
creased during the
bales more than at
1898-1899
1899-1900.
March
2.
Week.
Since
Sept.
1.
Week.
Since
Sept.
1.
SMpped—
Via St. Loals...... .............
Via Cairo
Via Paduoah. ........... ........
Via Rook iBland
Via Loaisvllle....
VlaOinoinnati
..
Vlaother routes, &o
Total grosB overlaDd...
Vtduct thipmeni$—
Overland to N. Y., boston, Ac.
Between Interior towns
Inland, <Sco.,froni Sontli
Total to be dednoted
—
16,163
4,849
75
1*924
2,176
20,736
695,279 18,313
190,817
7,000
705
9,533
772,967
11,827
800
188 575
116,293
239,263
8,711
41,763
146,837
7,260
3,621
338,7r)l
1."^
945
12.5.953
118,690
45,923 1.451,587 46,410 l.5€0,906
11 432
408,067
4,210
212,859 15,651
70,102
668
72,387
3,931
20,037
365,348 20,260
486,585
4 315
Leaving total net overland*. 25,8i^6 1.096,23?
Inolading movement br rail to Canada,
27,861
60,657
26,160 1.074 321
The foregoing shows that the week's net overland movement
this year has been 25,886 bales, against 26,160 bales for the
week in 1899, and that for the season to date the aggregate net
overland exhibits nn excess over a year ago of 21,918 bales.
1899-1900.
1898-1899.
In Sight and Spinneri'
Takings.
Receipts at ports to Mch. 2
Net overland to Mch. 2
Bonttaern consumption to Mch.
Total marketed
Interior atocka In excess.
Week.
2..
Qho
9>4
9Bi«
933
91116
914
9H
9
97,6
9»»
9^
914,
H^
8 '8
813,8
81316
813,6
815X6
9iie
9
9
9
9
9
9
gifl
9ie
at other
9
9
946
important
Oolnmbus,Mlss
Eufaula
8'^
Nashville
8''8
Natchez
Little Rock....
8B8
Raleigh
-
8i'ift
—
9
—
Since
Sept.
1.
Week.
...
Ucupts at ttte Port$
1900.
1869.
1898.
It'k at Interior
1900.
Townt. Ree'vti from Plant n»
1898.
1899.
1900.
l(-99.
l£9e.
167,849 177,290 208.710 731.028 626 242 5FO,970 142.428 128,764 196,863
217,451 176.413 223 128 dP3,030 R99,918 569,261 179,453 161,089 201.40»
.,
200,866 686,649 531,000 568.5.56 176,040
1S5.133 594,<i3« 499.421 540,768 132,5fi2
162,474 .584,809 467,398 611,247 119.878
lf0,717 481,313 453,441 488 884 104 190
87,661 190.170
40.671 167,840
60,862 132.958
77.171 128.314
The above statement shows: 1. That the total receipts
from the plantationssince Sept. 1, 1899. are 5,744,156 bales; in
1898-99 were 7,608,838 bales; in 1897-98 were 7,962.945 bales.
2.
That although the receipts at the outports the past
week were 157,636 bales, the actual movement from plantations was only 104.190 bales, the balance being taken from
stocks at interior towns.
Last vear receipts from the
plantations for the week fvere 77,171 bales and for 1898
hey were 128,814 bales.
Weather Reports by Telegraph.— Advices to us by telgraph this evening denote that rain has fallen in most sections of the South the past week and that in some districts
farm work has been interrupted. There has also been light
enow in a few localities. Our Mobile correspondent reports
an increased demand for lertilizers, but states that no matfrial addition to acreage is indicated.
He also remarks that
verv little cotton is left on plantations in nls section.
Galveston, Texas. — There has been rain oq two days during
the week, the precipitation being one inch and eleven hundredthp. Average thermometer 54, highest 66 and lowest
February rainfall three inches and fifty-nine hun12.
—
MO< ocootoi^oacowcoaoo©u<xtoo50tou<©too50sow<ii^
OD
to to
8^
914
9
9
—
ao
to«3*a5wlB09cotooDaMM(»'b5 0'toc;'*>ai<k'io'VitOH'"to«e'ib-M
tOMl Ot005QDtOl^Wr-'(fkC»— iaiO<00»-'tO — O0iC005O'-'05t00jO05
cewi^MoV;
9
9
212,421 126,479
194,579 72,150
28... 179,701 82.'-75
loT,6H6 91.12S
8
16
Mch.
C«CX
!,
81116
813,8
8%
8\
9iie
Southern consumption; they are simply a ttatement of the
weekly movement from the plantations of that part of the
crop which finally reaches the market through the outports.
»i— H'l-' >-'^j^
I—
to
s^t'r'
!f^
'"V - 00 to 050500 Ooltk <1 ©"o M M 05 K) CT 05 00 cVt W |^"(J> i-
to"Vo
I
8^
9
9
If*
to
05
o
<^
r-i
((» t('
tf^
06
>-»
to
Ct! C(3 <yi
to-
o
M
QCMi-"-'
(-
888
811,6
813i6
9ie
9
9
9H
Shreveport
b'i«
Montgomery... 9i«
8^
Receipts from the Plantations. The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
(f»-
0
kO
l-itOOS
WC; W WJIJ" r- i^ tO W it^^ tOppp tOO W^..jp_lfi.<>
tOOS
M"uiooo5^©t-''«'©©o^i*' CO wodI^ coooco^
"to'*- w'te'tk^ osi-'o
H- ©
00 V ly >U> © ^
!• OO to
M05>-'0»tOO5^lf.^I (— 02 00
Ol
O OO 00 *. tC
tO © 05 05 tO O
Cn © M »0 tO 1^
WO5a0Olt005O5O5©'
M
OS
9
Oolumbua. Qa.
05;M
:;>
9
914
S'a
914
Atlanta
Charlotte
>-'pMM J^^'I^W
I^ODODWOO<t5 00tO»J©tOK05! ©tOM" Mr-WWO^JODMOOV'-J'^
Ol*»^tOO©DCC05*-I^M>-'<JWi 05yM. CX F- Ol to V to to to O ©
QD
§!.'''«
Fn.
Thur$.
Southern markets were as follows.
t-'05COO'tOQDI-'©OVOOi-'tOl«>-t0005C»Jlf».©000'-.|tOtOtDN».>-'tDO'l»^lf'
l-i
9'ie
9»i«
9J4
9^16
9i«
93,8
9»16
98,6
91a
The closing quotations to-day (Friday)
2»
©t»3C;<COW©C»l>il^COi»^05lf^CCCni^COaiP-'Wlf^©lf>-WtOQO-OtOHl(»lK
8^
8%
.
Louisville...
K.ai00O5QO0O^ODO5»qO3WtDb3ltkO<C;>C»3CC©«<»3©-3cOl^O0C»
*. n^ 0> K) © W> W l-i W 05 W H«
OlOli^a) W)-Q0>-i-'M06-3O5MWib.Ol
i^at!©©cet3<j<-jo'<icow«i^if^p th-x
j^p^'P;^ .© wp,."^ i'^ w
IglckV toloVj% O>7o"w00 Oo'itt. tsTo 05 W -J © <I<1 tC CD U' (O bO Oi to (X> a> t3
O
Loula
Houston
ta
CO
OK aUDULINQ ool:To^ o>
Tues.
New Orleans
09
t
Mon.
Satur.
Galveston...
MMOOI-'MCOtOtCClSlt-Ult^OO C0tSCOa5O5tS tocooo©
m
OI-''-BC.<<ll-'<I>J'tOCI>— OOCO©Ui<105e005«OeCM05tO«JO'_
LXX.
Quotations for Middling Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
Tr««/c
H<V|'
Oia<:
00<|.
[Vol.
Since
Sept.
1.
157,686 5,506,026 91,128 7,2S9, 516
2.=>,886 1,096,239 26,180 1,074,321
30,000 761,000 26,000 686,000
213,572 7,363,265 143,288 9.019.837
* 53,496
238,130 *13,957 349,322
Came Into sight during week. 160,076
129,331
,601,395
Total In sight Mch. 2
9,369,159
North'n aplnners tak'ga to Mch 2 39,574 1.884,169 51,491 1.716,656
* Decrease during week.
In 1898 the week's movement into sight was 175,932 bales;
in 1897 reached 108,085 bales; in 1896 was 95,326 bales, and
in 1895 was 146.397 bales. The totals since Sept. 1 in the same
years were 9,544,934 bales in 1897-98; 7,532,819 bales in 1896-97;
6,099,587 bales in 1895-96, and 8,677,473 bales in 1894-95.
(
dredths.
—
Sun Antonio, Texas. We have had no rain the past week.
Average tnermometer 56, highest 80, lowest 32. February
rainfall thirty-four hundredths of an inch.
Abilene. Texas. There has been no rain dnring the week.
The thermometer has averaged 53, the highest beiag 78 and
the lowest 28. February rainfall fifty-two hundredths of an
1
—
inch.
Corpus Christi, Texas.— Dry all the week. The thermometer has averaged 58 and ranged fiom 43 to 74.
February
rainfall one inch and six hundredths.
Palestine, Texas. -It has rained on two days of the week,
with rainfall to the extent of t« enty eight hundredths of an
inch. The thermometer has ranged from 28 to 72, averaging
February rainfall fortj-two huEdredths of an inch.
50.
New Orleans, Louisiana. —Rain has fallen on one day of
the week, the precipitation reachiafe four hundredths of an
Minimum temperature 54.
inch.
Shreveport, Louisiaiia.— First blooms have appeared on
have had rain on four days durear y peach trees.
ing the week, the precipitation being one inch and fiftyfour hundredths. The thermometer has averaged 49, ranging from 29 to 72,
Columbus, Mississippi. Xhere has been rain on two days
of the week, the precipitation being one inch and sixteen
hundredths. Average thermometer 58, highest 76 and lowest
February rainfall five inches and seventeen hundredths.
33.
Leland, Mississippi.— There has been rain the past week,
the precipitation reaching one inch and eighty five hundredths. The thermometer has averaged 42 3, ranging from
30 to 63.
Meridian, Mississippi. Cotton seed selling at twenty-five
cents a bushel has caused planters to sell all their seed instead of using it for fertilizing lands, as heretofore, and they
are now baying commercial fertil zers. This has bi ought
about an Increase in the sales of commercial fertilizers, but the
total amount of seed and fertilizers used will not exceed
amount used last season. There has been heavy rain on four
days daring the week, causing ovei flows which prevent
planting.
We
—
—
.
March
3,
—
.
THE CHRONICLE.
1900.]
Ldttle Rock, Arkansas.— We have had rain on three days
during the week, the rainfall being two inches and five hundreths. The thermometer has averaged 40, the highest being
4b9
Alexandria Receipts and Shipments op Cotton.—
Througharrangements we made with Messrs. Davis, Benacbi
& Co. of Liverpool and Alexandria, we now receive a weekly
68 and the lowest 23.
cable of the movements of cotton at Alexandria, Egypt. The
Helena, Arkansas. There has been rain on two days of the following are the receipts and shipments for the past week
week, the precipitation being one inch and fifty-two hun- and for the corresponding week of the previous two years.
dredths. Too much rain. The thermometer has averaged
Alexandria, Egypt,
February rainfall six inches and
40, ranging from 20 to 63.
1898-1899.
1899-1900.
1897-98.
February 28.
,
—
four hundredths.
—
Nashville, Tennessee. The week's rainfall has been seventy
hundredths of an inch and we have had two and a quarter
inches of snow. Average thermometer 32, highest 53 and
lowest
Receipts (oantars*) .
This week
Since Sept. 1
150,000
6.744,000
Since
Thit
Since
Thit
12.
110,000
4,993.000
120.000
5,923,000
Thi$
Since
—
week. Sept. 1. week. Sept. 1. week. Sept. 1.
Memphis, Tennessee. There has been rain on three days
during the week, on two of which we also had light snow, Exports (bales)—
7,000 317.000 11,000 219,000 17,000 262,000
the precipitation being one inch and seven hundredths. The
To Liverpool.. ..
10,000 300,000 8.000 210,000 16,000 260,000
ToContinentt...
thermometer has ranged from 19*2 to 63-6, averaging 36'8.
February rainfall five inches and twenty seven hundredths.
|17,000 617,0001 19,000 429,000 33,000 522,000
Total Europe
Mobile, Alabama.— Farm work is making slow progress.
' A cautar ia 98 pounds.
There is an increased demand for fertilizers, but no material
Of which to America in 1899-1900, 60,186 bales; In 1898-99,
increase in acreage is indicated. "Very little cotton is left on 28,500 bales: in 1897-98, 32,711 bales.
plantations. There has been rain on two days during the
This statement shows that the receipts for the week
week, to the extent of one inch and thirty-six hundredths. ending Feb. 38 were 130,000 oantars and the shipments to
The thermometer has averaged 53, the highest being 70 and all Europe 17,000 bales.
the lowest 34. February rainfall ten inches and ten hunManchester Market. Our report received by cable
dredths.
to-night from Manchester states that the market is firm for
Montgomery, Alabama.—Th&iQ has been rain on three days both yarns and s lircings. Manufacturers are working at a
the past week, the precipitation reaching one^inchiand sixty- fair profit. We give the prices for to-day below ana leave
four hundredths. The thermometer has averaged 48, ranging those for previous weeks of this and last year for comparison.
from 27 to 63. February rainfall nine inches and twenty
—
hundredths.
Selma, Alabama.— It has rained on two days during the
week, with rainfall to the extent of one inch and forty-four
hundredths. The thermometer has ranged from 30 to 61,
averaging 43.
Savannah, Oeorgia,— There has been rain on four days of
the week, the precipitation being one inch and twenty-one
hundredths. The thermometer has averaged 47, ranging from
33 to 64.
Augusta, Oeorgia. —There has been rain on three days
during the week, the precipitation being one inoh and sixtysix hundreths. The thermometer has ranged from 25 to 60,
averaging 42.
Charleston, South Carolina. It has rained on five days
during the week, the rainfall being one inch and three hundredths. Average thermometer 46, highest 64 and lowest 29.
Brisk west wind and cold
Stateburg, South Carolina.
wave on Thursday. There has been rain on three days during the week, the rainfall reaching two inches and thirtynine hundredths. The thermometer has averaged 42 5, the
highest being 62 and the lowest 23.
Greenwood, South Carolina. There has been rain on two
days during the week, the rainfall reaching one inch and
sixty-three hundredths. The thermometer has averaged 37,
ranging from 37 to 47. February rainfall six inches and
seven hundredths.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
—
—
—
3 o'clock
March
1,
1900.
and March
1899
2.
Mch.
New Orleans
Nashville
Shreveport
Vlokflburg
Overland Movement
&c., to
Mch.
Feet.
Feet.
9-7
20-9
17-4
5-6
11-9
24-1
32-3
3-7
2b'8
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge
Above zero of gauge.
Memphis
1, 'GO.
30-7
March
2, '99.
1
—In our editorial
1900.
32» Cop.
Twist.
d.
d.
Jn. 26 714
Feb. 2 739
" 9 768
-aiTTe
1899.
854 Ibt. Shirt- Oott'n
ings, common Mid.
Twist.
Uplds
to finest.
d.
d.
s.
d.
5
5
5
5
5
6
1»«®7 10»9
s.
32s Cop.
d.
41932
d.
5^ ®658
SH
lbs. Shirt- Cott'n
ings,
common Mid.
TJpldt
to finest.
s.
d.
4
l>aa6 10
11^96 10
B.
d.
d.
^8
4% 53i a>6»8 4
'38 3
5332 55^ 'aeeg 4 I's^eiO
»»
6
41a 53,2 5i»ie®6B8 4 iifl^eioifl 3^18
6 «8 4>fi 5i« 513„®688 4 mjaaioifi 3U33
538 5''8 3>6Hi6 4 2 aeii
6^98 6
31332
Ska Island Cotton Movement. We have received this
(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. 3) and since
Sept. 1, 1899, the stocks to-night, and the same items for the
as
®8H
" 16 779 a8>fl
" 23 7''8 ®888
Mch. 2 8i8 '»9
2
4
—
corresponding periods of 1898, are as follows.
1899-1900.
Receipts to Mch. 2.
Savannah
1899
311
15^
69,710
7,523
16,595
54
401
49,048 14,914 10,556
5,050
853 2,302
801 1,361
6,611
498
93,828
766
60,609 16,568 14,219
1
Total
Slock.
This
Since
This
Since
week. Sept. 1, week. Sept. 1. 1900.
345
Charleston, <&o.
Florida, <fec
1898-1899.
The exports for the week ending this evening reach a total
of 200 bales, of which 200 bales were to Great Britain,
to Bremen, and the amount forwarded to
to France and
Northern mills has been 600 bales. Below are the exports
for the week and since Sept. 1 in 1899-1900 and 1898-99.
—
Week Ending Mch.
2.
/Since Sept. 1,
1899. arorth'n MiUs.
Exports
from—
Savannah...
Oharl't*n,&c
Florida, &o.
Great Fr'nce
Great Fr'nce
Total. BriVn.
Total.
BriVn.
<tc.
<6c.
200
200 27,531
2,706
3,156 30,687
2,706
Since
Week. Sept.1.
50 20,820
398 1,211
152 le,488
columns to-day will be found our regular statements of
l'.939 3,746 5,685
New York..
overland movement, receipts, exports, spinners' takings, Boston
Bait., &o
<fec., brought down to March 1.
600 38,519
Total
200 32,176 6.902 39,078
200
India Uotton Movement from all Ports. The receipts
of cotton at Bombay and the shipments from all India ports
400 17,626 6,833 24,459
936 29,245
Total 1898-9
400
for the week ending Mch. 1, and for the season from Sept. 1
Island
cotton
of
the
shipped
Sea
to
A considerable portion
to Mch. 1 for three years have been as follows:
foreign ports goes via New York, and some small amounts via
1897-98.
1899 1800.
1898-99.
Boston and Baltimore. Instead of including this cotton for
Eteceipta at—
Since
Since
Since
the week in which it leaves the Southern outports, we follow
Week.
Week.
Week.
Sept. 1.
Sept. 1.
Sept. 1.
the same plan as in our regular table of including it when
Bombay
27,000 643.000 93,000 1.045,000 54,000 581.000 actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
For the Week.
Since September 1.
under the head "Shipping News," on a subsequent page.
—
Kxporta
fromr-
Great
Britain.
Continent.
Total.
7,000
42,000
18,000
7,000
43,000
18,000
Great
Britain.
Continent.
Total.
Bombay—
1899-'00..
-*•«•
1898-99
1,000
.
1897-98..
3,000
2,000
36,000
211,000
100,000
1,000
2,000
2,000
7,000
14,000
9,000
1,000
2,000
2,000
2,000
15,000
6.000
••
Calcutta—
1899-'00..
1898-99..
1897-98..
Madras—
1899-'00..
1898-99..
1897-98..
All others—
1899-'00..
1898 99..
1897-98..
Total all—
1899-'00..
1898-99..
1897-98..
-•• •
1,000
*
SB
1,000
1.000
36,000
214,000
102.000
Quotations Mch. 3 at Savannah, for Georgias, extra fine,
18c.; choice, 183^c.; fancy, 19c.
Charleston, Carolinas, medium fine, 18c.; fine, 19 to 20c,;
fullv fine. 21i.^to23o.
—
Jute Butts, Bagginq, «fcc. The market for jute bagging
has been very quiet but firm during the week under review
8,000 at6@6%c. for i% lbs. and &%^Q\ic. for 3 lbs., standard
16,000 grades. Jute butts very dull at l-05c. for paper quality
11,000 and l%c. for mixing to arrive.
From Messrs. Ira A. Kip & Co.'s circular we ascertain
3,000
17,000
8,000
6,000
1,000
1,000
6,000
1.000
2,000
4.000
10,000
18,000
52,000
24,000
18,000
56,000
34,000
13,000
43.000
19,000
13,000
44,000
20,000
2,000
11,000
16.000
63,000
292.000
139,000
65,000
303,000
155,000
that the deliveries of jute butts and relections at New York
and Boston during February were 10,498 bales, against 1,124
bales for the same month last year, and for the two months
since January 1 the deliveries have been 40,696 bales, against
Importers and speculators at New
7,374 bales last year.
York and Boston on February 28 held no stock, against no
stock at the corresponding date in 1899 and the amount
afloat for the Uniteid States reaches 143,374 bales, against
125,025 bales last year.
;
—
.
.
«
.
.
.
THE CHRONICLE.
440
Domestic Kxpoets op Cotton Manufactures.— We give
below a statement showing the exports of domestic cotton
manufactures for January and for the seven months ended
Jan. 31, 1900, and for purposes of comparison like figures for
the corresponding periods of the previous year are also
presented:
OuantitiM 0/ Manufaetwres of Cot- Honth endina Jan,
7 mo(. ending Jan. 81.
31.
ton (colored and uncolored)
eseported
CTnltfld
to—
Kingdom
yards
France
'
&erm»aj
'
'
other ooantries In Europe. ...
BHtlah North \meri08
'
Cent. Amer.& Brit. Honduras
*
uexioo
Santo Domingo
'
Onba
'
Pnerto Rloo
other W. Indies & Bermuda..
Argentine Bepnbllo
'
'
'
'
*
Braill
'
United States of Colombia.
other oonntries In S. America
China
British Bast Indies
.
*
Hong Kong
249,179
094,504
""8,289
82,263
672,232
1,244.176
463,323
154,890
233.519
253,837
1.727,616
264.680
181.017
250.669
3,568.24^
"16,868
64,345
1,538,137
790,216
•
17,3at!,383
'
1,048,350
*'
2,746
296.989
412.247
Japan
Brit. Posses'ns In
'
Anstralasla
"
Hawaiian Islands
'
Philippine Islanas
"
Other Asia ana Ooeanioa
S99V510
217,709
'
Africa
Other oonntrlei
*
Total yards of sboTe..
Total valnei of above.
Value per yard
872,26!(
88,384,6{3 217,631,912 315.367,507
$1,474,004
$1,581,01<J 110,748,521 $10,071,311
$-0494
$-0459
$-0408
Uermany
other ooantries In Europe
British North Amflrina
Cent'l Amer. & British Honduras.
Mazlco
Santo Domingo
Cuba
Pnerto Rico
other W. Indies and Bermuda
Argentine Republic
Brazil
United States of Colombia
other countries in So. America.
China
British Bast Indies
Honft Kong
. .
140.415
1,655
22,375
16,261
154,335
86,558
$295,096
108
8.576
111.977
6S.530
1,156,381
219,317
268.483
8,485
107,090
21,244
97,992
12.972
28,564
26,774
45,69b
9.674
10,000
4,837
126,36^
21,436
31,831
53,60H
2,711
8,965
88,23(J
6,851
12,482
1.9>J4
1,141
11,944
1,287
2.451
1.660
6,376
11.134
11.722
1.335
2.068
6,20
126
27,098
56,689
800
70e
.S.181
8,337
24,471
194.770
P.020
2,«64
5,8fl5
I8,85h
1,073
Other ooantries
107,83-2
49,711
940.844
110,081
212.819
20.191
80,054
4,531
67.901
49,660
•27,837
29,449
28,976
13,411
6,583
49,879
39,016
9,94W
46,001
70,017
2,933
242.0:21
ano
frlca
$236,699
6,S16
1,861
11,874
111.945
182,168
2
7,364
150
Ooeanlca
Total value of other manofac
$360,609 $3,029,655 $2,369,633
$153,332
tores of
Aggregate value of all cotton goods $1,927,335 $1.'8?,219 $13,778,076 $12,440,944
—
East India Crop. The third general memorandum on
the cotton crop of India for the season of 1899-1900 has been
communicated to the Department of State at Washington by
Coneul-General Patterson as follows:
The season has been disastrous for the cotton crop. From Northern,
central, western and southern India alike the reports are naost discouraging. In the beginning of the season the rain fell in some tracts
in such quantity as to interfere with sowings, while in others there
was not enough to permit of sowings being freely made. There fol-
lowed throughout the country an interruption in the rain, and the
young plants withered and died under the drought and heat. In Central and Western India, especially Berar, the Nizam's territory,
Rajputana, the Central States, and Bombay, the eflfects of the season
have made themselves felt in the worst and most aggravated form.
In many places there is no cotton to pick; and on the whole perhaps
not a fifth ol an average crop will be obtained. In Northern India
conditions are not so bad, but they leave very much to be desired.
For the whole of India it may be said that the area and yield compare
with those of 1899, so far as an estimate can be made, as follows:
In 1898 the area planted was 14,170,501 acres that produced 1,365.864 bales of 400 lbs. each, against 11,015,393 acres in 1899, of which
the estimated yield will be 641,327 bales, which is a mischievous decrease, from which it is shown that the requirements of the mills will
leave but a nominal quantity, if any, for export.
The Following are the Gross Receipts of Cotton
at
New York, Boston, Philadelphia and Baltimore for the past
week, and since Sept. 1, 1899.
NEW YOEK.
RecHpts
fronts-
N.Orleans...
Texas
Savann'h &c
Mobile ...
Florida...
So. Carolina
No. Carolina
Virginia ....
North, ports
Tenn., Ac...
Foreign
Total
Last
year...
This
week.
Boston.
Since
ThU
Since
Sept. 1.
week.
Sept. 1.
Philadelph'a.
This
week.
Hince
Sept. 1.
BALTIMORE.
This
week.
Since
Sept. 1.
180,978
12,077
6,614
8,498
113.803
121,268
2,800
11,311
64,694
6.194
122,875
1,392
41,530
3,260
43,608
10,734
000
700
646
438
16.991
4.776
2.004
84,426
1,880
176
64.893
49,983
3,498
87,242
4,397
70,143
20.042
33,264
629.689
9,642
646.978
8,498
48.411
9.647
189,661
26,348
657.866
25.966
703.801
1,668
38,289
10.620
260,661
4,908
15,883
11.169
86,288
116.318
853
2.000
76,000
—
York—To Hull, per steamer Hindoo,
1
Total bale$.
1
To Manohester, per steamer Blela. 771
La Touridiie, 606..
To Havre, per steamers Fournel, 94
To Bremen, per steamer Darmstadt, 8,247
To Hamburg, per steamers Phoenicia, 1,161
To Rotterdam, per steamer Bpaarndam, 203
771
700
3,247
1,161
203
LXX.
Total bcUet.
British Queen, SOO.-.FrlesIand,
50
50
To Copenhagen, per steamers Kentucky, 1 ,300
To Genoa, per steamers Allei, 1,559
Ajchimede, 1,471
l,30O
5.380
....Emp, 2,350
To Naples, per steamer Aller, 200
To Trieste, per steamer Aller, 104
To Japan, per steamer Ardandearg, 1 ,800
Raw Orlbans— To Liverpool— Feb. 23 -Steamer Astronomer,
200
104
1 ,800
Feb. '24-8teamers Craftsman, 11,800; Nicara6,843
guan. 5.300; Tampican, 9,400
Feb. 26— Steamer Gracia, 6,433
3»,776
To Manchester— Feb. 26— Steamer Sydenham, 4,800
Feb. 28— Steamer Shandon, 4,769
9,569
To Belfast—March 1- Steamer Rathlin Head, 8,611
8,611
750
To Rotterdam— Feb. 21— Steamer Swindon 750
Galveston—To Liverpool -Feb. 28— Steamer Basil, 7,723
7,723
To Manchester— Feb. 23— Steamer Glenroy. 8.900
8,900
To Belfast— Feb. 26— Steamer Inishowen Head, 2,500
2,500
Feb. 27—
To Havre -Feb. 24— Steamer Ruuo, 9,914
16,225
Steamer North Sands, 6,311
To Bremen— Feb, 21- Steamer Leconfleld, 6, 866.... Feb. 27
15,306
—Steamer Halle, 8,440
1,628
To Hamburg— March 1— Steamer Phoenicia, 1,623
To Japan-Feb. 24 -Steamer Abbey Holme, 8,510
8,510
Mobile—To Liverpool— Feb. 24—Steamer Meridian, 8,479
8,479
PBN8ACOLA—To Havre— Feb. 27— Steamer Vivina, 4,356
4,356
To Havre—March I— Steamer Stella, 405
To Trieste— Feb. 24— Steamer Urania, 1,100
Savannah—To Liverpool— Feb. 24—Steamer George Fleming,
7,238 upland and 200 Sea Island
To Bremen— Feb. 27— Steamer Kirkby, 10,350. ...Feb. 28—
Steamer Newstead, 6,453
0HARLE8TON—To Barcelona— Feb. 27— Steamer Nithsdale,5,650
NORFOLK— To Liverpool— Feb. 24— Steamer Noranmore, 2,383
....Feb. 28— Steamer Iran. 5,389
Newport News—To Liverpool— Feb. 24—Steamer Bapidan,
Feb.
23—Steamer Cestrlan,
5,449
—
To Yarmouth— Feb. 27— Steamer Boston, 233
BALTtMORE— To Liverpool— Feb. 16— Steamer Indore, 2,428
...Feb, 21— Steamer Oakmore, 746
Feb. 27
To Hamburg— Feb, 24— Steamor Assyria, 2,600
—Steamer Brosnia, 600
Portland, Me.—To Liverpool— Feb. 21— Steamer Numidian,
4<
&
1,100
7,438
16,803
5,650
7,772.
494
5,-590
238
3,174
3,200
139
139
San Francisco—To Japan-Feb. 27— Steamer Coptic, 1,722. ..
To China— Feb. 27— Steamer Coptic, 100
Feb.
Tacoma— To Japan— Feb. 21— Steamer Pathan, 3,975
1,722
100
6,594
23— Steamer Olympia, 2,619
250
Portland, Ore.—To Japan— Feb. 26— Steamer St. Irene, 2£0.
10,600
Bbattle-To Japan-Feb, 28— Steamer Tosa Maru, 10,600
219,314
.
„
of the foregoing shipments, arranged
OUT usual form, are as follows.
0reat Frenen Qer- -Oth.srrope-^ Mexico,
Total.
Jar>a n
<tc.
JBHt'n. port*, many. Jforth. South.
772
700 4.408 2,353 5,684
1,800 15,717
New York.
58,70&
780
N. Orleans, 0/f<70O ••a* >>•*•
aalveston. 19,123 16,22516,929
8,510 60,787
S,47H
Mobile
8,479
•
.....a
4,3.^6
405
1,100
....
......
5,861
Pensacoia.
24,241
Savannah.. 7,438
16,803
5,650
Charleston
5,650
Norfolk....
7,772
7,772
494
494
N'p'l News
s.i^as
238
5,590
Boston
3,174
6,374
Baltimore.
3,200
139
139
Portl'd, Me
1,822
100 1,722
San Fran..
Tacoma
6,594
6,594
2.'50
250
Portl'd, Or.
lO.nOOJ 10,600
Seattle
Total
m
The particulars
.
«
,
,
Total.... 115,293 17,330 41,340
333 29,476 210,314
3,103 12.434
To Japan since Sept. 1 shipments have been 10,441 bales
from New York, 39,555 bales from Galveston, 29,2U8 bales
from New Orleans, 9,650 bales from Pensacoia, 14,353 bales
from Savannah and 131,359 bales from Pacific Coast. To
Onina. 4,899 bales from New York, &c.
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, &c.
Basuta, steamer (Br.), Reddie, from Sabine Pass via Norfolk for
Bremen, with 10, 1 00 bales of cotton, put into St. Michaels Feb.
21 with rudder damaged. The Basuta reports having jettisoned
a portion of her cargo.
City, steamer, from Savannah for Boston, ashore on the Long
Island Coast, near Moriches. The men employed unloading the
stranded steamer Gate City have taken advantage of the solid
ice on the bay and are dragging sleds loaded with bales of cotton
to the mainland. The work of unloading the steamer is progressing very slowly.
Thornhill, steamer (Br.), from New York for Havre. Feb. 21, with
478 bales of cotton, put back same day with forepeak leaking
and nearly full of water.
Qatb
Cotton freights at
as follows.
New York
Satur.
301
Shippinq News. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 219,314 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
tfuw
Yov.k—( Ooneluded)—
To Antwerp, per steamers
494
206
60
600
BritiHh Australasia
New
Boston-To Liverpool— Feb. 19— Steamer Columbian, 141
01
Onlted Kingdom
Asia
6.686,721
11,807
93,866
588,690
10,371.010
7,284,869
•1,4 28,278
2.043,158
29,048,881
France
Hawaiian Islands
Pblllpplne Islands
Other countries in
8,906.808
32,911
143.646
612.237
4,596,349
9,380.817
4.874,340
59-\913
5.943,516
1898-99.
331.817
l.kr67,436
861.983
107,993
2.215,411
222,446
1.477.295 12,171,'(46 11,116,928
2.019,216
1.303.814
341,813
296,738
4.287,478
6,099,994
51i3,825
3,310,206
4,6^3.388
3,006,411 11.453.972 20,681,184
116.H93,740
111.087,023
19.248.220
4.868.066
4,401,346
671,183
356,!)69
151,533
2,627
811,W13
216,293
2?,5»S
1.718.295
1,085,9«6
65,632
2.166,104
1,566,606
737,434
160,991
1,175,6^0 21,264,877 13.951.344
4,429,692
271,238 6,078.027
3,508
26,199
$0607
Value$ of other Manufaeturet
Cotton exported to—
1899.1900.
1809.
1900.
[Vol.
the past
Hon.
Tue$.
week have been
Wedru; Thuri.
Fri,
33
Liverpool, Mob., e.
33
33
S3
S3
33
e.
Havre
Bremen, April... e.
40*
40*
40*
40*
40'
40*
35
33
33
33
50
50
35
35
35
85
60
60
35
35
35
35
60
50
35
35
35
35
35
35
35
35
60
50
35
36
85
35
50
60
Hamburg
Amsterdam
e.
e.
e.
Rotterdam
Beval, V. Hamb..e.
Do
Do
V. Hnll...c.
50
50
V. Copen..c.
Oenoa
e.
40-40i« 40-40^ 40-42 >« 4O-4214 40-42it 40-421*
Trieste, direct. . .e.
45
45
Antwerp...
891*
39I9
46
46
c.
Qheiit,v. Antw'p . c.
Qaotatlons are cents per 100
* And 5 per cent.
lbs,
45
45
39ifl
39ifl
45
36
42 1«
46
46
or fractions of a i>enny per
45
36
4AH
lb.
LiVKBPOOL.— By cable from Liverpool we have the following statement of the week's sales, stocks, Ac., at that port.
—
March
.
.
THE CHKONICLR
3, 1900.]
Fth. 9.
Salea of tbe
week
bales
Of which exporters took...
Of which speculators took.
Sales American
Actual export
Forwarded
Total stock— Estimated
Of which American— Kst'd.
Total Import of the week
Of which American
Amount
afloat
Of which American
67,000
1.000
1,000
62,000
10,000
68,000
640,000
524,000
49,000
37,000
230,000
195,000
Fth. 16.
Mch.
Ftb. 23.
51,000
400
53,000
2,000
3,000
48,OOC
7,000
60,000
660,000
543,000
82,000
66,000
214,000
190.000
600
47,000
5,000
86,000
615,000
529,000
96,000
74,000
193,000
157,000
2.
47,000
1,000
42,000
9,000
96,000
630,000
520,000
75,000
63,000
2 6,000
230,000
!S
The tone of the Liverpool market for spots and futures
eaoh day of the week ending Mch. 3 and the dally closing
pTloes of spot cotton, have been as follows.
441
Indian com futures have been less active. The changes in
prices have been only fractional, but they have been towards
a lower basis. Advices from the interior have continued to
report only very moderate offerings and the grading of the
supplies arriving has been poor. There has been, however,
some selling by longs to realize profits, and this, together
with sympathy with the decline in wheat, has weakened
prices slightly. Business in the spot market has been moderately active, as shippers have been buyers, but at slightly
easier prices. To-day the market was quiet, closing steady.
The spot market was quiet but steady. The sales for exoort
here and at outports were 145,000 bushels.
NEW YORK.
DAILY 0LO8INO PBICBB OF NO. 2 MIXED OOBN IN
Sat.
Mon. Tuea.
Wed.
4214
42ifl
Cash corn, f. o. b
42
42
May delivery In
Bai'day.
Spot.
Monday. Tuesday. Wed'day. Thursday Friday.
Market, )
1:45 p. M.^ Hardeu'K.
KaHler.
5%
Blid. Upl'ds.
Bales
Spec, dcezp.
Quiet and Moderate
arm.
demand.
Moderate
demand.
atrong.
5632
53,e
56,6
538
7,000
8,000
7,000
8,000
8,000
8,000
600
500
500
500
500
700
Futures.
Market,
1:45
P.
p.
Easy at
l-e4 decline.
steady.
Stead;.
Steady.
M.J advance.
Market,
4
at
3-t54@4-64
Steady
I
H.
)
Firm.
Barely
Firm at
Steady.
2-64
@ 3-64
advance.
Steady.
Easy at
3-64 decline
Very
Steady.
steady.
J
The prices of futures at Liverpool
eaoh day are given
below. Prices are on the basis of Uplands, Low Middling
for
24 to
March 2. 121s
mon.
Wed.
Tnes.
Ttanrs.
Prl.
Feb.
1:45 4 1:45 4 1:45 4 1:45 4 1:45 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d.
February... 5 04
Feb.-Moh. .. 5 01
Mch.-Anrll.. 4 62
April-May .. 4 59
May- June... 4 56
June-July... 4 53
July- Aug.... 4 51
Aug.-Bept... 4 45
Sept. -Oct.... 4 25
Oct.-Nov.... 4 15
Nov.-Deo... 410
1
d.
d.
d.
d.
d.
d. ~a.
5 06 5 02 5 04 5 04 5 05 5 06 5 07
5 03 4 63 5 02 5 01 5 02 5 03 5 07
5 00 4 61 4 63 4 62 4 63 5 00 5 03
4 61 4 57 4 60 4 59 4 59 4 61 4 63
4 57 4 54 4 57 4 56 4 56 4 57 4 61
4 55 4
4 53 4
4 47 4
4 26 4
4 16 4
411 4
52
50
43
24
14
09
4 55 4
4 53 4
4 46 4
4 27 4
4 17 4
412 4
53
51
45
26
16
12
4 54 4
4 52 4
4 45 4
4 27 4
4 17 4
4 12 4
55 4
53 4
46 4
28 4
18 4
13 4
d.
d.
d.
5 12 5"l3
5 09 5 10
5 05 5 06
5 02 5 03
4 63 5 00
4 61 4 62
4 55 4 56
4 36 4 37
58
56
49
31
21 4 26 4 27
16 4 21 421
5*
19
d.
5*
18
5 16 5 15
5
5
5
5
4
4
4
4
12 5 11
08 5 07
06 5 04
03 5 02
61 4 60
40 4 39
30 4 29
25 4 24
Dec- Jan
BREADSTUFFS.
Friday, March
3, 1900.
There has been a lower market for wheat flour, a decline
having a weakening influence. At the
concessions, however, a moderate volume of business has
been transacted, the lower prices proving more attractive to
both the home trade and exporters; the close was fairly
steady. City mills have had a fair sale at slightly easier
prices. Rye flour has sold slowly, but prices have held
steady. Buckwheat flour has continued to meet with a slow
sale and prices have declined.
Corn meal has been quiet
but steady.
Speculation in wheat for future delivery has continued on
a moderate scale only, and there has been a gradual sagging
of prices. Continued full shipments from Argentine, disappointing foreign advices, absence of an export demand and
improved weather conditions in the West have been the
principal factors against values.
Saturday prices were
without decided changes, Monday prices weakened ^&%c.
under scattered selling, prompted by a larger increase than
expected in the visible supply and tame foreign advices.
Tuesday there was a recovery of %@%c. The advices from
the Liverpool market were better than expected, and this,
together with a demand from shorts to cover contracts, and
in prices for the grain
a subsidence of the selling pressure from tired holders, advanced prices slightly. Wednesday, however, the market
again turned easier, prices for the day showing a loss of
Early in the day, in the absence of selling pressure,
y^c.
prices held fairly steady, but at the close offerings increased,
prompted by more favorable weather conditions in the winter belt, and prices weakened. Thursday there was an easier
market early, under aggressive bear selling. Subsequently,
however, the loss was fully recovered on moderate buying,
stimulated by a better export demand. Business for the
week in the spot market has been on a limited scale only,
and prices have weakened slightly. To-day there was a
lower market early on weaker foreign advices and larger
Argentine shipments. Subsequently, however, a better export demand stimulated buying by shorts to cover contracts,
and the decline was recovered. The spot market was fairly
active and steady. Sales for the export here and at outports
%@
were 320,000 bushels.
DAILY CXiOBIHO PBIOBS OF NO. 2 BED WIHTBB IN NSIV YORK.
Fri.
Wed. Thuri.
Sat,
Mon. Tues.
74''8
Cash wheat f. o. b
75ie
74'^8
76>4
76^8
753t
73i«
7319
Moh. delivery in elev.... 7438
73
73^
73'a
72B||
7108
May delivery In elev
7239
7108
71%
72
July delivery In elev
71%
72 ^a
7158
72
72»«
71%
72J4
Bept delivery In elev
72^4
7138
7108
711a
71%
I>An.T 0LO8IHO PBICKS OF NO. 2 BPBIHO IM CHICAGO.
FH.
Wed. Thuri.
Sat.
Mon. Tuea.
May delivery In elev.
6538
6618
65>«
6514
66
6508
66I4
66I4
July delivery In elev..
66 12
6688
67
66
4OI4
4014
4038
40=8
Fri.
41%
413a
4018
4038
40
4018
DAILY CLOSING PBIOBS OF NO. 2 MIXED COBN IN CHICAGO.
Sat.
Mon.
Tuea.
Wed. Ihura.
Fri
May delivery In elev
35
34''8
35
35
34%
34%
35i«
35i8
35i8
July delivery In elev
34''8
35
34%
Oats for future delivery at the Western market have been
quiet and prices have barely changed, the undertone holding
receipts running comparatively light. The
market has been steady. There has been a fair demand
from the home trade, but the export business has been quiet.
To-day the market for futures was dull but steady. The spot
market was quiet and slightly lower for mixed oats.
steady, with
local
NEW YORK.
DAILY CLOSING PBICES OF OATS IN
Sat.
Mon. Tuea.
No. 2 mixed In elev
29
29
29
31^
3114
DAILY CLOSIMO FBICBS OF NO 2 MIXED OATS
No. 2 white In elev
clause, unless otherwise stated.
Sat.
4014
4038
401*
4038
elev
July delivery In elev...
Thura.
31^4
May
delivery In elev
July delivery In elev
Sat.
Mon.
Tues.
2314
2214
2338
2214
2338
2238
Wed.
29
31i4
Thura.
Fri.
29
28ifl
3114
31)4
CHICAGO.
IN
Wed.
2398
22I4
Thura.
233^
2238
Fri.
28%
2214
Rye has been
dull but prices have been unchanged and
steady. Barley has been in slow demand but prices have
held fairly steady.
Following are the closing quotations:
PLOUB.
Fine
$2 00 32 25
Patent, winter.... $3 65 -as SO
Superfine
2 25 -32 50
City mills, patent.. 3 95 -34 20
Extra, No. 2
2 35 ^2 60
Ryeflour,8uperflne 3 00 33 65
Extra, No. 1
2 55 -a>2 85
Buckwheat flour.. 1 50 a*! 75
Clears
2 90 ®3 30
Corn mealStraights
3 35 ®3 70
Western, etc.... 2 15 ®2 20
Patent, spring
3 65 -34 30
Brandywlne
2 20
(Wheat flour In sacks seUs at prl ces below those for barrels.)
OBAIN.
Wheat, per busn.—
0.
o.
Corn, per bush.c.
0.
Hard Duluth, No.l 7708'ai7938
Western mixed
39i4®41ifl
N'th'nDuluth.No.l 7578®7758
No. 2 mixed
39%®4lia
Bed winter, No. 2. 7318 '817514
Western yellow
40 @41%
H'd Manitoba No.l 7738a79i8
40i8®41''8
Western white
Oats— Mlx'd,p.bu8h. 28 ®30ia
Bye, per bushWhite
30ia®35
Western
593a®60ia
No. 2 mixed
28ia®29»4
State and Jersey
56 @61
No. 2 white
311433214
Barley—Western
51 -355
Feeding
42ifl®47
The movement of breadstuffs to market as indicated in the
statements below is prepared by us from the figures collected by the New York Produce Exchange. The receipts at
Western lake and river ports for week ending Feb. 24, and
since Aug. 1, for each of last three years, have been:
Baetipti
at—
Wheat.
Flour.
Corn.
Oat$.
Barley.
BbU.10«lbi Bxuh.aOlbi Bush.56m Bush.32lt)t BuihASlbf BU.661^•
Ohloago
362,141
19,075
Milwaukee
Dalntb
UlnneapoUi.
Toledo
.
Detroit
Cleveland...
St.
LooU
....
Peoria
Tot.wk.l900
ainea Auo. 1.
1899-1900....
1888-99
1897-98
.'.147.C81
1.964.690
511,800
211,400
218,200
440.400
464. ICO
6,054
45,840
10,600
13.500
17.500
44,800
6,013
9.1(1
3.000
3.820
1,077,195
5-2.156
1.617
6.620
11.060
1,688.300
186,780
631,187
150,720
38.000
2,600
16,836
42,238
438,042
29,410
29.293
74 957
8,600
6,550
128,000
518,0
335,000
24.952
109.084
226,600
144.000
79.000
8,570,831
6.069,956
3,878.172
6.413,617
8,160.670
4,968.861
3.073.536
33 350
Eanias City.
4<2,486
191.262
151,764
Same wk.'99.
Same wk.'98.
304,450
477 970
36,760
13.600
37,260
3.000
3.178,963
1,124,794
~129.734
4,806,008
447.817
470,376
206,348
133,994
11.803.630 148.112,158 136.037,890 103,830.776
9.466.811 206.668,341 142,023.138 107,826.902
6.677.062 168.266.512 151.244,9-'«S 119.066.780
31,826.684 4.400,086
30.272,063 8,068,580
28.163.440 7,986,866
The receipts of flour and grain at the seaboard
week ended Feb. 34, 1900, follow
the
•
Receipt*
New York
at—
Boston
Montreal
Philadelphia
Baltimore
Blohmond
New
Orleans*
Charleston
Newport News
Norfolk
dalveston
Portland, Me
Pensaoola.._
Mobile
St.John, N. B
Total week
Week
*
ports for
:
1899
ivneat,
lottr.
Corn,
bbl*.
bu$h.
but/i.
111,740
38,700
7.600
61,944
07,861
4.162
9,310
840,800
91.169
18,500
54.965
23,916
6.300
8,000
756,600
139,«34
6,0>0
976.518
0at«.
bush.
431.600
113.299
40,700
134.009
1.301,5t0S
'68.000
i2«.000
219,273
18,543
850
'
26.437
185.256
671
2V3V628
S16,U28
116.006
143.422
10.102
25.713
Receipts do not Inolade grain passing
buah.
10,400
3,610
20,797
S,000
75,434
5,876
68,667
23.702
220.914
29.825
89,811
97,210
8V,896
884,647 1,191.616 4.428,776
322,178 1,040.830 3.011,716
ports on through bills of lading.
nv,
hueh.
78,000
60.960
2,600
50.006
84,124
82,670
38.652
849,372
200
85,873
27.383
Barley
094,202
970,669
ttaroiurta
New Orleans
for foreign
Total receipts at ports from Jan. 1 to Feb. 24 compare
follows for four years
:
a8<
:
:
.
THE CHRONICLK
442
of—
Aee«ipt(
rionr
1897.
2.358.749
1,686.412
11,117,588
33,126.951
17.237.786
1,148.156
2,355.738
3,340,741
85,114.163
8.381.973
1.468,707
989, 718
'56!^863,121
64,983 168
49,285.292
3,438,360
WbMt
bnib.
"
2\806,194
"
Bye
"
9.461,615
2,166 858
807,885
"
77^481,543
20,682.H45
«6,483.4B7
8,148,200
9.750.890
"
Total grain....
189B.
3,128.318
1899
1900.
2.967,760
bbli.
OorH
Oati
Barley
(58^,067
several seaboard ports for the week
ending Feb. 24, 1900, are shown in the annexed statement
The exports from the
Wheat.
Corn,
bush.
Bxportt from— hush.
ew York
664.283
1«9.678
396,378
229,459
Boston
249,273
Portland. Me.
Philadelphia.. 231,894
80.000
Baltimore
New Orleans.. 96,000
If
.
143.43:4
761,148
951,466
895,108
315,928
249,628
64,428
Norfolk
Mewp'rtNewi
Galveston
68,000
65,000
Flour,
bbU.
bbls.
112.108
112,108
41,570
18.543
31,977
74,018
Oats.
Oats,
tnuh.
btish.
297,761
68,262
75,434
49.000
6.337
43,670
250
200
850
10,402
25,718
8.891
17,080
26,7»2
8.325
bush.
60,198
6i,630
68.667
4,924
.
29,797
.
..
671
Total week.. ^61 6.697 4.270,197
bush.
........
848,180
New Yoek
Week. Since Jan.
Great Britain
Other European
OMna
India
Arabia
Africa
West Indies
42, 872
1,
below
1899, is as
Bxports for
Wheat.
«r«efc
and since
to—
Sept. 1
Week
Since Sept.
Feb. 24.
1.1899.
B.
&
C.
America.
West Indies
36,160
18.264
Total
Total 1898-99....
4,911,149
1,119,390
472,097
e97,92S
119,860
27,2(j7
Br.N. Am. Colo's
Other countries
,
l,w82
2.061
348,180
299.623
1,616.697 47.177.347
2,883,748 8i.607.602
7,517,760
9,526,084
Total
Week Since
Sept.
1, 1809.
Feb. 24
bush.
bush.
1,901,173 43,463,538
2.336.8 j7 54,778.175
151.W94
5.505
636,117
23.270
361,067
1,600
259,078
11)7,846
1,836
816810
4,270,197 100,097699
3,482,682 84,732.611
visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Feb. 24, 1900, was aa follows
The
WhMt,
In store at—
Hew Tork
Do
bush.
1,343,000
116,000
afloat
443UOU
Boston
Philadelphia
Baltimore
New Orleans
Oalveston
Montreal
Toronto
158,000
473,000
620,000
...
1.146,000
64,000
63,000
1,374,000
283.000
1.012.000
Buflalo
Do
Toledo
Do
afloat
.
afloat
bush,
212,000
Barley,
bush.
213.001
1,232,000
1,119.000
f8l,000
585,000
18,000
48.000
206.000
1,653,'JOO
148,006
394,000
139.000
107,000
lO.OOO
14,000
28.000
49,000
733,000
369,000
3.000
132.000
69,600
'l47;600
6 666
839,000
70,bVo
io,6o6
22,000
1.610,000
168,000
193,000
'81,000
86.000
4,670.000
2,390,000
—
13.000
12,000
100,000
kVV.odo
165 00*
afloat
ae0,ooi/
8,894,000
9,668.000
248.000
I3,946,00v
1,177,000
Duluth
afloat
Minneapolis
8t Lonis
.
afloat
Kansas City
Peoria
Indianapolis
8,099,000
59,000
301,000
On MlssiBsippt River
On Lakes
On canal and river.
.
746,000
162,000
801,000
563.000
1.168.000
99,000
154.000
201.000
71,000
810.000
207,0(0
'28 000
11,000
20,000
573.000
43,000
eo.noin
SiSOOO
I.OCO
'
e8,'odo
24,000
i,oat
802
1,998
7,313
1,319
2,512
69,345
1,476
81,407
2,512
69,345
1,476
81,407
3,605
518
865
1,343
9,199
1,677
From New EiuEiana mill points direct.
The value of the New York exports for the year to date has
'
been $2,636,497 in 1900, against |2,773,338 in 1899.
The export demand for brown sheetings and drills continues dull and buying on home trade account moderate, but
the tone of the market is very firm and some brands of both
heavy and light weights have been advanced %c. to J^c, per
yard. Ducks also advanced on "ounce makes J=^c. to %c,
in leading lines.
Business in bleached cottons Ins been on
a fuller scale and prices tend upwards. Some mediumgrade tickets advanced J^o. per yard. Wide sheetings strong
and occasionally 5 per cent higher. No change ia cotton
flannels or blankets. All coarse colore 1 cottons very strongly
'
and some sellers declining to receive further orders.
Advances of J^c. to 3^c. per yard have been made in denims,
ticks, cheviots, stripes, checks, plaids and cottonades.
Kidfinished cambrics %g. higher. Fancy prints are slowly improving in demand, prices unchanged. Staple prints firm,
with a fair business doing. Qinghams are still in short supply and very firm in price. Regular print cloths have been
inactive at 3%c. and odd goods in moderate request; prices
unchanged.
Foreign Dry Goods.— Fair orders are reported for higher
grades of dress goods at firm prices, and moderate business
in special lines of fine worsteds for men's wear. Silks and
ribbons are steady but quiet. Linens very firm and burlaps
steady with moderate demand.
Importatlona and ^Varehouse Wltbdranrals of Dry Goods
The importations and warehouse withdrawals of dry goods
at this port for the week ending March 1, 1800, and since
January 1, 1900, and for the corresponding periods of last
year are as follows:
....
16.33 J.OOO
6.756.000
1.162.000
Total Feb. 24, 1900. 58,444,001'
1.341.(00
14.815.00(1
6,743,000
Total Feb, 17,1900. 63.2l9.000
1,144,000
l,42!,0OO
IhOU*
29,920,000
31,b21,000
25,
Fet).
9.309,000
Total
1,504,000
2.674,000
40,870,000
13.473,000
2.66rt,000
Total Feb. 26, 1898* 34,088,000
3,660.000
Total Feb. 27, 1897* 43.797,00"
28,408,000
8,816,Or0
13,897.000
3,582,000
• Bxclaslve of New Orleans, Galveston, Ft. William and Port Arthnr. but
Including Albany. Oswego and Cincinnati, now omitted.
Note.— Beginning July 1, 1899, the New York Produce Bxchange has changeO
its Visible Supply Statement by inclunlng stocks at New Orleans, Galveston
Ft. William and Ft. Arthur (previously omitted) and leaving out Albany
Oswego and Cincinnati, formerly included.
o
»
York, Friday, P. M.. March
2,
g:
©•
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woolen and
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fancy
sold well, particularly in low and medium grades, at advances of 10 to 15 per cent over last year. Plain dress goods
continue very strong and are heavily sold for the fall season.
The men's-wear woolen and worsted goods division has ruled
quiet throughout. Buyers are through with the first round
of business for fall, and cancellations again this week indicate that some are still finding out that they have overbought. There has been no material change in the price
situation, but in some quarters tliere is less firmness than at
the opening of the season in medium grade all-wool goods.
top
05
<]MOXt3
collections.
of
b:
Sgw|§§
J*
ti.^:
to
K)00
spot and the steady upward movement of prices in all descriptions of cotton goods being obstacles in the way of freer
transactions. The market is decidedly strong, and although
much of that strength is attributable to the upward progress
of the market for raw cotton, the goods situation is itself all
in favor of sellers. There is no prospect of any accumulation
of merchandise for some time to come, even on the present
scale of buying, while th* business being done by jobbers
would indicate the probability of increased demands from
them daring the present month. In a number of instances
sellers are withdrawing from the market, on forward business for the time being, and at the close the market is still
tending decidedly upwards. In the woolen goods division
dress goods have been of chief interest, and have sold freely,
while men's- wear fabrics have ruled quiet throughout. There
is still an absence of complaint of any moment as regards
lines
:
3
m
The general demand for cotton goods this week has further
improved, but the volume of business actually put through
has increased but little, the scarcity of merchandise on the
Woolen Goods.— Various
to
to
B
o
THE DRY GOODS TRADE.
New
708
8,056
2,087
4,770
'"28
situated
566*1)00
467,000
afloat
Do
Ft.WUrm&Pt. Arthur
Do
Bye,
14,910.00(1
Milwaukee
DO
Oatf,
bush.
896.000
afloat..
OhloaKO
Do
bush.
109,000
....
Detroit
Do
Corn,
3,339
4,258
111
52,109
544
43
190
316
268
Total
corn.
,
Since Sept.
Feb. 24.
1. 1899.
bush.
bush.
1,061.174 28,408,189
565,523 18,603,735
6.846
bbls.
bbls.
United Kingdom 263,516
Continent.
Week
1,000
482
87
OUna, via Vancouver*....
:
-Flour.-
168
126
45,899
Since Jan. 1
TVee/c.
1.
219,804
25,844
800
Same time '99.. 2,233.748 8,422,662 299,623 149,680 145 ,e88 56.619
The destination of these exports for the week and since
September
48
17
80
451
50
252
495
119
Soath America
Other Countries
8.628
1899.
1900.
to Feb. 26
Central Amerloa
81,898
608,886
—
Mexico
„ „
5.875
LXX.
Sales of overcoatings moderate at previous prices and cloakings dull. Business in flannels and blankets has been on a
moderate scale, but both are strong.
DoMESTio Cotton Q-oods. The exports of cotton goods
from this port for the week ending Feb. 26 were 2,512
packages, valued at |128,153, their destination being to the
points specified in the tables below :
Barley,
27,383
36,873
Charleston..
Pensacola
26,437
Mobile
St. John,N.B. 185.256
Peaa,
bush.
Rye,
Bye,
fS'OL.
— o:
if'
CPCOtOM©
s
8
—— —
1
.
March
THE CHRONICLE.
3, 1900.]
BTATt
m^
City pEf/^FTWEUT,
MUNICIPAL BOND SALES IN FEBRUARY.
While the number of municipalities issuing bonds
during the month of February and the number of
separate issues emitted were greater than for January, yet the
amount involved
total
in these
sales
was much smaller than that for the preceding month.
This, of course, is explained by the absence of such
large issues of bonds as were put out during January.
Oar records shovv^ but $5,137,411 as the month's
aggregate of such securities put on the market, as
against '^Q^ millions sold during January.
The average for February of the previous eight years was a
little
The number of municibonds during the month was 114,
over eight millions.
palities
issuing
emitting 131 separate issues, as against 91 and 118 for
443
Page.
Location,
444.. Baltimore, Md
444..Battle Creek, Mich
Rate.
3>a
312
343..Bay City, Mich
444..Bellalre, Ohio
394. Berry vlUe. Va
292..Bloomflel(l,N. J
343..Bloomfleld, N. J
4
4
4
4
4
343..Bloomfleld (N. J.) Sch.
Dist
4
412
394.. Canton, Ohio
5
394.. Canton, Ohio
4
343..0a88Co., Ind
3h4. .Cerro Gordo Co , Iowa. S^a
34 3. Chicago, Hi
5
394.. Cleveland, Ohio
4
343.. Crystal Sprlnga, MlsB.. 5
445.. Dalles City, Ore
4
445..Dechertown, N. J
4
343.. Drayton (N. Dak.) Sch.
Dist
4
394.. Dubuque, Iowa
3^
343.. East Liverpool, Ohio (7
issues)
6
292.. El Paso, Tex. (2 Issues). 5
292..Englewood. N. J
3^
394..E88exCo.,N. J
4
394 Fall Kiver, Mass
3^
445..Faulkton (8. D.) Sch.
Dist
6
445.. Fostoria, Ohio
4
394. .Gallipolis, Ohio
5
Gettysburg,
Pa
344..
4
Y
January 1900 and 113 and 128 for February 1899.
3d4..Granby (N. Y.) School
District
No.
2
There were but few sales occurring during the 445.. Hamilton (Ohio)
Sch.
Dist
month that warrant special mention. The most im- 344..Houlton, Me
portant of these was the Baltimore, Md., 1875,000 3^ 445..Hyde Park, Ohio
344. .Indiana Co., Pa
per cent 50-year refunding Western Maryland loan, 394..LakeCo., Ind
344.. Lansing, Mloh
sold on the 26th of the month to Sperry, Jones & 3^5.. Lawrence Co., Ind
293.. Lawrence (Kan.) Sch.
Cleveland,
Co., Baltimore, on a 2*99 per cent basis.
Dist
344..Glover8ville,N.
Ohio, disposed of $275,000 4 per cent bonds, awarding
them
to the Atlas National
Bank
of
Cincinnati,
Other
the basis being about 3*20 per cent.
sales
344..Lima, N Y
344. .Lima, Olio
344.. Lima, Ohio
344.. Lima. Ohio
293. .Lincoln, Neb
293 Lincoln Co. (Waih.)
Sch. Dist. No. 72
395. .Lynn, Mass
395. .Madison Co., Ohio
.
which were made on a low basis were $130,000 Fall
Kiver, Mass., bonds at a price netting 3*15 per cent,
and the $100,000 Ulster County, N. Y., loan, one- half
on a 3*06 per cent basis and the remainder averaging
3*15 per cent net interest.
39'»..Mattoon,
for this
many
large
Optional.
1905-1930
1912-1918
1901-1910
1902-1905
11905-1910
Junel, 1904
Mar. 1.1910
1905-1920
1920
1926
1910
1920
Apr.
1,
1910
101
109-77
100
>
100
101-80
29,329
106-66
O
lOti-66
8,000
107,000
130,000
10010
30,01
3,700
14, 167
'1926""
10412
50,000 108 775
40,000 102-81
103-31
16,60
60.000 102006
75,000 100
.500,(100 100
275,000 106-854
25,000 100
98-50
20,000
1,000 106
2,500
13,250
1901-1905
tl920-1930
1910
1901-1910
1910
113-58
6,000
8,000
100
102-9^
10405
102-262
117-50
101 71
101-38
4
lSOO-1919
41,000
105-26
4
4
1902-1909
19t0-1903
1901-1910
103-37
101
104-75
100
100-378
101-358
105
^•,410
4
190 >
17,000
4,000
1,-7 26
18,000
36,990
SO.COO
26,000
4
1913-1919
1905-1927
25,000
23,000
tl9201925
l.^O.OtiO
1901-1913
1901-1910
1901-1910
50,000
lO.Oro
16,400
1910
1930
1901-1907
1920
1920
1903-1905
2,500
25,000
35,000
15,000
50,000
17,000
10212
11920-1930
1900-1920
75, too
109-25
4»fl
3'4
4»9
1900-1920
4ifl
1903&1905
3^
3^
4
4
5
6
4
5
4
4
446. .Middletown, Ohio
345 Milwaukee, Wis
446.. Mingo Junction, Ohio.
3
6
293..MontgomeryCo.,N. Y.
414
lately a
reason that so
"1936"
1905-1924
1930
1930
Price.
113175
10013
1902-1909
1901-1905
4
,
It is
$875,000
10,000
20,000
40,000
25,000
50,000
60,000
419
4
111
446..MattoonTwp.. lU
395 .Meigs Co., Ohio
.
discount.
1^50
10102
100*69
101-89
lOn-625
103'015
101-062
.
tendency amongst 446.. Montgomery Co., Oiiio.
446.. Montgomery Co., Ohio.
certain municipalities, particularly in the Middle 446.. Montgomery Co.. Ohio.
446.. Mt. Vernon, N.Y
West, to try and float bonds bearing a rate of interest 345.. Nelsonville, Ohio
346. New Brunswick. N.J.
lower than the quoted basis of such securities on the 294.. New Rochelle, N. Y .
345..NoblP8ville. Ind
market. The result of these efforts has been anything 395.. No Hempstead (N.Y.)
Sch. Dist. No 10
but satisfactory to the municipality. In a few in- 395..0ttawaCo., Ohio
446..Ponca, Neb
stances small lots of three per cent bonds have been 395..Pontlac, III
39=i
Ind
taken by local people at par, but in other cases com- 395. Richmond.
Saginaw, Mich
Bernardino (Cal.)
missions were demanded, making in effect an award 346.. San
Sch. Dist
N. Y. (3
at less than par. The result in the case of Toledo was 346..Schenetitady,
Issues)
80. Charleston, Ohio...
rather unfortunate, for an award at par less a com- 447..
447. .South Haven, Mich
mission led to expensive litigation and considerable 3i6..Springwel)8Twp.,Mich
346.. Syracuse (Neb.) School
District No. 27
delay, the matter finally terminating in the city offic447..Taooma (Wash.) Sch.
nist
ials being
enjoined from paying the commission.
396. -Tiffin, Ohio
Aside from this it seems obviously better to have a 396..Ul8terCo., N. Y
396..Ul8tirCo N. Y
bond selling on the market at a premium rather than 447- Union Co., Ohio
346.-Utiea. N. Y
to have low-interest-bearing securities quoted at a 2^*6- -Washington
There has been shown
Amount.
Maturity.
29t>..Wavoros8, Ga
296..Well8vllle, Ohio
296. West New York, N. J
..
160,000
5,000
27,500
120.000
1 3,500
10,000
40,000
5,000
5.300
60,752
116-578
102-06
104-70
103-57
10160
100
114-40
101-29
103-10
103-68
101-71
102-765
110-97
S^a
1910
1908-1912
1902-1909
1902-lb05
1902-1907
1905
1900-1910
Feb. 1, 1925
6
4
1901-1905
1 1910-1920
4
5
5
5
1905-1920
1901-1903
1920
190S-1913
1 1 ,000
4
"Y926'"
9,000
10,000
107-07
i 02-99
100-75
105-50
108-74
110-55
4
1906-1908
13,000
100
4
6
4
4
1901-1904
1901 1906
40,741
3,000
106115
19031912
IO.OIjO
101-10
1920
20,000
106
10,000
100
4
4
4
4
6
4ia
412
4»a
4
4
5
5
3»a
5
4
4
1920
1900-1904
1925
1901-1925
1905
1901
Optional
1930
1913-1927
190J-1932
20,(;
00
10,000
4.500
10,000
100
107 073
102-625
101-98
100,000 100-31
8,500 101-53
50,000 16 26
50,000 108-926
35,000 101-30
20,000 100275
20,000 100
50,000 108-67
7d,000 106-66
40,000 102-46
continue to issue 3^ per cent bonds, even when 296..Wept Unity (O.) School
1901-1912
41^
8,000 103-76
District
they command such premiums as would lower the 296-. Woodford, Vt
10,500 100
5
1 1901-1920
347.. Worcester, Mass
30,000 105-93
.^^
Jan. 1. 1920
basis below 3 per cent.
1902
17,000 100-15
448--Yonkers, N. Y
3>fl
In the following table we give the prices which were
Total
(88 municipalities, covering 105
sej)arate issues)
$1,825,140
paid for February loans to the amount of $4,825,140,
Aggiegateof sales for which no price has
been reported (26 municipalities, coverissued by 88 municipalities.
The aggregate of sales
ing 26 separate issues)
312,271
for which no price has been reported is $312,271, and
cities
Total bond sales for February 1900
month $5,137,411. In
the case of each loan reference is made to the page of
the Chronicle where a full account of sale is given.
the total bond sales
for the
February Bond
Location.
Page.
444..Albany, N. Y
444..Albany, N. Y
342
AlhanvOo
tf4i:..AiDany
CO
,
Rate.
3^
3^
f4
NYY
J*
^
JN.
!
291..AllentowD, Pa
393..Alt00Da (Pa.) Soh.Dist.
393.. Alviso (Cal.) 8ch. Diet.
393..Allegbenv. Pa
342..AtlaDticClty. N. J
444.. Atlantic City (N.
8oh Dist
1.4
Sifl
4
6
413
Sales.
Maturity.
190"-1920
lfcOl-1904
lFOl-1906
1907-1912
1913-1918
Mar 1,1919
11905-1930
1901-1917
1901&1902
1801-1905
1920
Amount. Price.
$l2<i,000
103'56
30,000 100
6,000 102-36
6,000 106 625
6.000 lOg'-S
20,000 111625
60,000 101-76
80,500 104'47
2,000 101-85
111,58'> 100
16,000 112 41
J.)
313
50,000
100
:$5, 1 37,41
* Average of dates of maturity,
t Subject to call in and after the
{Not including $1,586,000
earlier year and mature in the later y^ar
of teujporary loans reported and which do not belong in the list.
—
?<ew York City. Cittf Charter Commission. The State
Assembly oa Feb. 27, 1900. passed a bill authorizing: the
Governor to appoint a commis3ion to revise the Greater New
York charter. The vote passing: the bill was 82 to 53.
New York State. Savinjs Bank Bill Signed. — The bill
amending tbe Savings Bank L ivv by permitting savings
banks to invest in the mortgase bonds of the Chicago &
See
Alton Rdlroad has be^n signed by the Governor.
Chronicle Feb. 21, p. 393.
Ozaukee County, Wis. Injunction Continued.— Oa Feb.
23, 1900, Judge Dick continued, until furthej order of the
—
— ————
— ——
:
THE CHRONICLE.
444
LXX.
[Vol.
been offering for sale have not yet been disposed of, and that
the rate of interest will be raised before they are again placed
on the market.
Baker City, Ore. Bond Offering.— Proposals will be reToledo, Ohio.— Injunction Perpetual.— J ndge R. R. Kin- ceived until 4 p. M., May 1, by W. H. Bentley, City Auditor,
kade of the Common Pleas Court on Feb. 21, 1900, made per- for $100,000 5% 20-year gold gravity water bonds. Securities
petual an injunction obtained to prevent the payment of a will be in denominations of not less than $100, dated July 1,
commission to Rudolph Kleybolte & Co., Cincinnati, who 1900. Interest will be payable semi-annually in gold. A certipurchased an issue of 3% refunding bonds in November last. fied check for 5% must accompany proposals.
Baltimore, Md.— Bond Sale.- On Feb. 26 the $875,000 d}4%
The issue in question amounted to $60,000, of which a small
50-year
refunding Western Maryland Railroad loan was
rethe
and
par
investor
at
part was awarded to a local
mainder to the Cincinnati firm—the city agreeing to pay awarded to Sperry, Jones & Co., Baltimore, at 113175—an
them a commission of $2,375. The injunction then obtained interest basis of about 2 '991^. Following are the bids
has now been, as stated above, made perpetual. According Sperry, Jones & Co., Baltimore. 113-175 Owen Daly & Co.. Baltimore .... 110-81
court, an injunction obtained Feb. 10, 1900, to restrain the
bonds. The sale of
county officials from selling $30,000
these bonds was to have taken place on Feb. 10, but the abovementioned injunction prevents their disposal at this time.
H
:
to local papers, the Judge ruled that the city had no right to
pay any such commission, as it would only be a subterfuge
to avoid the statute which provides that such securities must
be sold for par and accrued interest.
$26,000@11205
Trustl :i6,000@lll'75
Co
>
L
f
Fidelity Fire Insur-!
ance Co
Bond Calls and Redemptions.
Clackamas County, Ore.— Warrant Call.—The County
Treasurer has called for payment all county warrants endorsed prior to Oct. 1, 1896, and all road warrants endorsed
prior to Nov. 14, 1899.
Delaware Township, Jeflferson County, Kan.— Bond Call.
has called for payment
March 31, 1900. at the State fiscal agency in New York City,
—W. Ferguson, County Treasurer,
the following bonds, issued Jan. 1, 1872
38 and 70 to 79, all numbers inclusive.
:
Nos.
1
to 23, 35,
Jackson County, K&n.—Bond Call— Arch D. Abel, County
Treasurer, has called for payment March 31, 1900, at the National Bank of the Republic, New York City, the following
bonds, issued Nov. 9, 1871, in aid of the Kansas Central RR.:
Nos. 1 to 8, 10, 14 to 26, 2^, 32, 34 to 37, 39 to 42, 45 to 49, 52,
54 to 57, 59 and 60, all numbers inclusive.
Lawrence, Kan. Bond Call. C. S. Duncan, City Treasurer, has called for payment at the National Bank of the Re-
—
New York City,
bonds Nos. 20, 21 and 22, Series "B,"
Securities are in denomination of
$500 and interest will cease thirty days from Feb. 20, 1900,
the date of call.
public,
dated January, 1883.
Call.— J. H. Vaughn, Treasurer
of the Territory, has called for payment the following Territorial certificates of indebtedness, bearing date March 1,
New Mexico.— Certificate
1899:
Series "A."— Nos. 8, 14, 20, 24. 26, 27, 28, 34, 36, 37 and 39. each for $1,000.
Series "B."— Nos. 5, 7, 11, 14, 19, 33, 34, 35, 46 and 47, each for $1,000 Nos.
12, 19 and US, for $500, and Nos. 10, 2i, 23, 40, 51. 54, 57, 5i, 66 and 68.
;
2, 3,
Fierce County, 'Wf&sb.— Warrant Call.— Stephen Judson,
for payment Feb. 28, 190O, the following school district warrants
County Treasurer, called
Dist.
Dist.
No.
No.
issued 1898
63 to 55
64 and 56 to 69. ..issued 1899
69 and 00. ..issued 1M98-I8y9
225 to 237. .issued l8a7-1898
36 and 37
issued 1899
303, a04 and 3ij6.. issued 18w9
73... Nos. 5 and IB or 52.. issued 1898
issued l'-99
74
Nos. 50 and 51
76
No. 13
issued 1898
Issued 1900
77. ...No 70
81.
.Nos. 62 and 63
Issued 1899
Issued 1899
86. . .Nos. 7 and 8
issued 1898
Nos. 290 to 286
issued 1899
2... .Nos. 320 to 323
issued 1899
3... Nos. 636 to 577
issued 1899
6... .No. 49
8... Nos. 30 to 38. issued 189S and 1894
issued 1899
10... Nos. 6.910 to 7,494
issued 1899
16... .Nos. 660 to 681
issued 1899
16... .No. 22
issued 1899
18... .Nos. 68 to 74
issued 1900
20... .No. 176.
issued 1899
21... .Nos. 62 to 66
issued
1895
.Nos.
99
23...
93 to
1.
.
34.
Nos.
37. ...Nos.
4.J....N0S.
46. . . . Nos.
60. . . . Nos.
67.... Nos.
.
.
.
.
.
.
.
.
1
. .
.
Upshur County, W. Ya,.—Bond Gall.— This county has
called for payment March 15, 1900, at the Buckhannon Bank,
bonds Nos. 103 to 111, inclusive, issued to the Buckhannon
& West Fork Railroad Co.
Bond Proposals and Negotiations
this
week have been as follows
Albany, N. Y.—Bond Sale.— On
Feb. 26 $120,000 of the
water bonds were awarded to
the Albany County Savings Bank as follows
$30,000 5-8year bonds at 102, $30,000 9-12-year bonds at 103-05, $30,000
13-16-year bonds at 10415 and $30,000 17-20-year bonds at
105-05—netting 3158, 3-16, 3 143 and 3-20 per cent, respect:
The $30,000 bonds due from 1901 to 1904, inclusive,
were taken by the Albany City Sinking Fund at par. The
sale was at public auction and the following bidders were
represented Albany County Savings Bank, Albany Savings
Bank, National Savings Bank, Home Savings Bank and the
Albany City Savings Institution, all of Albany; Allen, Sand
& Co., Estabrook & Co., Farson, Leach & Co., N. W. Harris
& Co. and A, S. Leland of New York City; Jos, E. Gavin of
Buffalo and W. J Hayes & Sons, Blodget, Merritt & Co. and
Denison, Prior & Co. of Boston. For description of bonds
see Chronicle Feb. 17, p. 343.
Anderson, S.
Bonds to be Issued.—Thia city will
i?sue $2,000 railroad- aid bonds after March 1.
Anne Arundel County, Sli.-Bond Bill Passes Legislature.
ively.
:
.
C—
—This county has the authority
of the State Legislature to
issue bonds for bridge purposes.
Arthur
(111.)
School District.— Bonds Voted.— This dis
has voted in favor of issuing $5,500 school-house bonds.
Atlantic City (N. J.) School District.—Bond aale.—This
district is about to build a new high-school building at an
estimated cost of $115,000. To provide part of this sum the
State Treasurer has agreed to take $5U,0U0 3^% bonds at par.
Baird (Texas) School District.—Increase in Rate of Interest.— We are informed by County Judge B. L. Russell that
the $10,000 i% 20-year bonds of this district which he has
trict
»tO.OOO@110-76
25,00 J®lll-4&
\i[^moT..t^:?:: \
i!5,O00@iil-82
I
Archer, Harvey
&Co
«^0- 250 0000110-375
'^
KalMmo?P
J
Baltimore
hoO.OOO® 110-26
25,000® U 1-15
25,000®! 12-02
85,0uu@ili-o7
L 25,u00@lll-32
Mercantile Trust & f 375,0C0@110-83
Dep. Co., Baltimore. ( 500,000®lia-03
Townsend Scott & Son, Balti ... 111-01
|
For description
250,000@110-50
Kummer& Becker.Balt.
30,00l'@li0-00
0. Koche,Baltimore. 15,000@110-00
108-03
B. D. Shepard & Co., N. Y
Farmer.-' & Mec. Bk., Salisbury. 10800
H.
Jennie Beck
$o0.000®l06-00
of bonds see Chronicle Feb. 17, p. 343.
Bond Offering. Proposals will be received
until 1 p. M., March 24, by G. H. Kain, Village Clerk, for
$12,000 4% 19-30-year (serial) water- works and electric-lightplant bonds. Securities are in denomination of $1,000, dated
March 1, 1900. Interest will be payable March 1 and September 1 at the office of the Village Treasurer. Secarities are
issued under authority of Section 2837, Revised Statutes of
Ohio. The successful bidder will be required to furnish
—
Batavia, Ohio.
blank bonds.
Battle Creek, Mich.-Bond Sale.-On Feb. 26 the $10,000
sewer bonds were awarded to N. W. Harris & Co., Chicago,
at 100 13 for 3^% bonds. Following are the bids
:
Tremble &Co., Chicago. 104-39
For i% Bonds ( Cont.)
Farson, Leach & Co.. Chicago.. .104-16
Trowbridge, MacDonald a, Niver
102-80
Co., Chicago
102-00
S. A. Kean. Chicago
tor iii% Bonds.
104-30
Co.. Chicago... 100-00
For3J655 Bonds.
N.
W. Harris & Co., Chicago
Seasongood
100-13
&
Mayer, Cincin.... 100-65
For i% Bonds.
105-73
Denison, Prior & Co., Cleve
Uevitt,
W.J. Hayes &
Sons, Cleve
John NuveenA
Beaver Falls, Pa. Bonds Defeated.— At a recent election
the proposition to issue $60,000 sewer bonds resulted in defeat by a vote of 488 for to 6ll6 against.
Bellaire, Ohio.— Bond,Saie.— The $40,000 4^ city-hall bonds
advertised for sale on Feb. 27 have been awarded to Seasongood «S Mayer, Cincinnati, at a price stated to be 104* 12. For
description of bonds see Chronicle Feb. 10, p. 292.
Bolivar County, Miss. Bond Bill Signed.— The Governor
has signed the bill providing for the issuance of $70,0U0
bonds for refunding and other purposes.
Botetourt Ctunty, Va.— Bond Bill Passes Legislature.
This county has legislative authority to issue $50,000 refunding bonds.
Boulder, Colo. Bond Election, The question of issuing
$30,000 bonds will be voted upon in the near future.
Bristol, Va. Bond Bill Passes Legislature. The Legislature of Virginia has authorized this city to issue bonds.
Brockton, Mass.— Bond Offering. This city will offer for
sale about April 1 the $15,000 water bonds which were
authorized by the Board of Aldermen on February 5 (as
stated in the Chronicle of the 17th inst.) Securities will be
—
—
—
—
in denomination of $1,000, dated March
the rate of 3*^^, will be payable by
Treasurer's offioe.
1,
laterest, at
1900.
coupon at the City
—
Butler County, Mo. Bonds Proposed. This county, we
are advised by Geo. C. Orchard, County Clerk, desires to refund $30,000 5% refunding bonds (now subject to call) with a
like amount of Afo 10 30^year bonds.
Calhoun County, Texas.— Bo?ids Approved. The Attorney- Gtneral has approved an issue of bo, 000 road bonds.
Camden, N. J. Bonds Proposed. The City Council has
under consideration the issuance of $94,000 4^ 20-year refunding bonds.
Carbon County, Utah.—Bond S^aZe.— The State Board of
Land Commissioners has purchased $3,300 5^ 5-10-year (optional) funding bonds of this county.
Bonds are dated Feb.
—
:
$150,000 S}4% 1-20-year (serial)
110-77
H. A. Orrick. Baltimore
I
International
—
1, 1900.
Carthage, Ohio. Bond Election.— At a special election, to
be held in this village on March 12, ihe question of issuing
the following bonds will be submitted to ihe voters $40,0uO
4^ street improvement $50, 000 4^ sewer, drain and ditch, each
of these issues to mature in 30 years or less and $1,500, not
to exceed 5%, 20 year (or less), tor fire department purposes.
If authorized, interest will be payable semi-annually.
Cedar Bapids, Iowa Bond bale Consummated. We are
advised by John M. Redmond, Mayor, that since the State
Supreme Court declared the issue of $2i 5,u00 4% refunding
bonds of this city valid Mr. Geo. M. Bechtel of Davenport
has fulfilled his agreement and taken the securities. See
:
;
;
—
Chronicle Oct. 21, 1899, and Jan. 27, laOO.
Uhatham, \a..—Bond Bill Passes Legislature.
—
—
The State
Legislature has authorized the Common Council of this place
to issue bonds.
Cbillicothe, M.O.— Maturity of Bonds.— The $30,000 4^ refunding bonds recently sold to R. V. Montague of Kansas
City, Mo., as stated in the Chronicle Feb. 10. are redeemable as follows $5,000 five years trom date, $5,000 ten years
from date, $10,000 fifteen years from date and $10,000 due
without option twenty years from date. Principal is payable
at the Bank of Kansas City, Mo.
:
——— ——
March
—
——
—
.
THE CHRONICLE.
3, 1900.]
445
Fanlkton (S. Dak.) School District.- Bond Sale.— On Feb.
Cincinnati (Ohio) School District.— Bonds Proposed.—
decided to ask the State Legis- 23 the $3,700 6$ 0-year school-house bonds were awarded to
lature for authority to issue $3(0, OOU bords for new ecbools. the Security State Bank of Faulkton at 104 05. Following
Clay County, Mo. Tax Levy Defeatea.— At the eltction are the bids
$3.783 26
held on Feb. 21 the propoeition to levy a tax for a jail was Security State B'k, Faulkton.|3,f>50 00 Herman Hussell. Denver
3,709 25
Otis, Wilcox & Co., Chicago... 3,847 00 S. A. Kean, Chicago
defeated.
The issuance of bonds was not contemplated.
An
Bond
issue
of
Colorado County, Texas.—
Offering.—
• And furnish blank bonds.
|3O,C0O 4% 10-40-year (optioral) bridge bonds has been apSecurities bear date April 1, 1900. Interest will be payable
proved by the Attorney- General. These bonds will be in denomination of $1,000, dated Oct. 10, lfc99. Interest will be April 1 and October 1
Fort Pierre, S. Dak.— Bonds Authorized.—The City Counpayable semi-annually. Proposals for these bonds were
asked for yesterday (March 2), but the result of the sale was cil has authorized the issuance of $14,000 water-works bonds.
Fostoria, Ohio.— Bond Sale.— The sale of $14,367 4% renot known at the hour of going to press.
bonds to Rudolph Kleybolte &Co., Cincinnati, at
funding
O^ering—
Proposals
will
Cortland (Village), N. Y.—Bond
be received until March 8 by the Board of Trustees, care of 1 02-262, is reported.
(Jatesville (Texas) School District— Bond Offering.—
George V. Clark, Village Treasurer, for the following paving
bonds
Series "A," $23,800, maturing twenty years from Proposals will be received until March 20 hy this district for
"
date of issue; Series " B," $15,056 26 bonds, maturing in ten $17,000 5^ school- building bonds, first series.' Securities
equal annual payments. The above bonds are dated Jan. 1, are in denomination of $500, dated Jan. 1, 1900. Interest will
1900.
Interest will be payable semi-annually at the rate of be payable April 10 and October 10 at the National Park
A%,
Securities are issued under authority of Chapter 157, Bank, New York City. Principal will mature Jan. 1, 1940,
subject to call as follows $5,0(0 after five years, $5,000 after
Laws of 1896.
CorydOD, Wayne County, Iowa.— Bond Election.— At an ten years and $7,000 after fifteen years.
Gleuville (Ohio) School District.— Bonds Fo^ed.-At a
election to be held on March 28 the proposition to issue $12,000 electric-light bonds will be submitted to a vote of the recent election this district voted in favor of issuing $30,CC0
bonds for a school house.
people.
Gloucester, N. J. Bond Sale.— On March 1 the City CounDalles City, Ore.— Bond Sale.— It is reported that the $25,accepted the bid of Fedet, Holzman & Co., Cincinnati,
cil
000 20-year gold refunding bonds were awarded on Feb. 26
to N, W. Harris & Co., Chicago, at 9850 for a 4% bond. For who offered 103 50 for $100,000 4% 20 year street-improvement
description of securities see Chronicle February 10, 1900, bonds. These are the bonds advertised for sale last November, the disposal of which has been prevented up to this time
p. 292.
Deckertown, Sussex County, N. J. Bond Sale.— On Feb. by litigation. The suit has now been dismissed by the State
28 this borough sold a 4% gold water bond for $1,( 00 to a Supremo Court. See Chronicle Jan. 6, 1900; Dec. 2, Nov.
resident of Sussex County at 106. Bond will mature thirty 25, 1899.
Grand Rapids, Mich. Bond Election.— At the spring
years from its date, 1896.
Delaware, Ohio.— Bond Offering. Proposals will be re- election in April next, in addition to the proposition to issue
ceived until 12 M., March 10, by E. E. Naylor, City Treas- $150,000 bridge bonds, the city may vote on the issuance of
urer, for $6,500 Q% city hall repair bonds. Securities will $175,000 library- building bonds.
Grajson, Ky.—iVo Election Held.— We are advised that the
mature as follows
One bond of $500 in one year and one
which, according to reports, was to have been held
election
bond for $1,000 each year thereafter until paid.
Denver, Colo. Bonds Not Sold. No bids were received in this town on February 23 to vote on the question of issuon Feb. 23 for the $200,000 ^^% water bonds until after the ing $3,000 funding bonds was " counted cff for the present,
hour set for the opening of the same, when a bid of par was but may be called in the near future."
Greensboro, N. C—Bond OJ'erin.qr.— Proposals will be reput in by Denison, Prior & Co., Cleveland, and Rudolph Kleyuntil 8 p. M., March 23, by Z. V. Taylor, Mayor, for
ceived
bolte & Co., Cincinnati. This bid was informal and was
the $35,000 5% 30-year gold coupon building bonds which
ruled out by the Board of Public Works.
De Pere, Wis. Bond Sale,— We are advised by the Chair- were voted on July 18, 1899. Securities will be in the followman of the Finance Committee that no bids were received on ing denominations Thirty-four $1,000, one $500 and five
Feb. 6 for the $1,000 bonds offered by this city and that the $100 each, all dated April 1, 1900. Interest will be payable
semi-annually at the office of the City Treasurer. Proposals
securi ties have since been disposed of at private sale.
Dover, N. J.— Bonds Proposed.- At a special election held must be accompanied by a certified check on a national bank
on Feb. 27 a resolution to appoint water commissioners was for 2% of the amount bid for, payable to the order of the City
accepted by 145 majority. The Common Council will ap- Treasurer. Bonds are issued pursuant to Chapter 142, Laws
point the commissioners, who will determine what amount of 1899, and are certified to as to genuineness by the United
The ofBcial circular states that
is necessary to bond the town for a water supply and also States Mortgage & Trust Co.
the details of the issue; they will then report to the Council, the city has never defaulted in payment and that there is no
who in turn will again submit the proposition to the voters litigation pending or threatened affecting the validity of this
issue.
for acceptance or rejection.
Greenville, Ohio. Bond Offering,— Propos&la will be reDowagiae, Mich. Bonds Voted, At a recent election this
city voted to issue $12,000 bonds in aid of the Eastern & ceived until 12 M., March 26, by Eliot M. Miller, City Clerk,
for $73,000 4% coupon sewer bonds. Securities will be in deNorthwestern Railroad.
Elmwood Place (Ohio) Special School District.—Bond nomination of $500, dated March 15, 1900; interest will be
O^en Jig. —Proposals will be received until 12 M., March 20, payable semi-annually at the office of the City Treasurer.
by F. Koedemeister, Clerk of the Board of Education, for Principal will mature on March 15 as follows $3,000 in
$12,000 5% bonds. Securities are issued under the provisions 1918 and $7,0C0 yearly from 1919 to 1928, inclusive. Bonds
of sections 3991 and 3993, Revised Statutf s of Ohio. They are issued pursuant to sections 2833, 2836, 2837 and 2837a,
are in denomination of $200, dated March 20, 1900. Interest Revised Statutes of Ohio, and as authorized by a city ordiwill be payable semi- annually and the principal will mature nance. Proposals must be accompanied by a certified check
$8C0 yearly on March 20 from 1906 to 1920, inclusive. A cer- on a national bank for $500, payable to the City Treasurer.
tified check for 5% of the amount of the bonds bid for and Lithographed blank forms for bonds with coupons attached
payable to the Clerk of the Board of Education will be re- must be furnished by the successful bidder.
Grove City (Pa.) School District.- Bonds Fofed.—At the
quired with each proposal.
Emporia, Va. Bonds Authorized by Legislature.— The recent election the proposition to issue $2^1,000 school- house
State Legislature has passed a bill permitting this town to bonds was favorably voted upon. We are advised that these
bonds will not be sold before May or June.
issue bonds for water purposes.
Hamilton (Ohio) School District.—Bond 5aZe.— On Feb.
Erie, Pa.— Bonds Defeated.— The voters of this city at the
recent spring election defeated the proposition to issue 24 the $17,(00 4% real estate improvement bonds were
awarded to the Second National Bank of Hamilton at 103 37.
$300,000 sanitary bonds.
Following are the bids
Everett, Wash.- Bond Offering.— PiopoB&ls will be reSecond Nat. B'k, Hamilton.. |17,572 80 W. J. Hayes & Sons, Cleve... $17,322 00
ceived until 10 A. M., March 31, by J. Hunsaker, City Treas- R. Kleybolte & CcCincin... 17,425 00 S. Kuhn & Sone, Cincinni^ti.. 17,306 00
Mever & Kiser, Indianapolis. 17,408 00 Denison, Prior & Co.. Cleve. 17,241 00
urer, for $60,000 5% gold sewer bonds. Securities are in Lamprecht Bros. Co., Cleve.. 17.401 00 Otis, Wilcox & Co.. Chicago. 17,211 00
Seasongood & Mayer, Clncin. 17,350 20 First Nat. Bank, Hamilton.. 17,000 OC
denomination of $1,000, dated Feb. 1, 1900. Interest will be Feder. Holzman & Co.. Cin... 17,323 00
Bonds mature $3,000 in 1902 and $2,000 yearly thereafter
payable February 1 and August 1 at the State fiscal agency
in New York City. Principal will mature Feb. 1, 1920. until paid. For full description of bonds see Chronicle Feb.
10, p. 293.
Bonds are issued pursuant to Chapter CXII., Laws of 1897.
Hesperia, Mich.— Bond Election.— On March 12 this vilOne-half of the bonds will be delivered to the successful bid- lage will vote upon the question of issuing $3,000 Q% bonds
der on March 31, 1900, and the remainder on August 1, 1900. for improvement of the water- works system. If authorized,
Two certified checks in the sum of $1,500 each, payable to securities will be issued in denomination of $350, dated about
May 1,1900; interest will be payable at the Old National Bank,
the City Treasurer without conditions, must accompany pro- Grand
Rapids, Mich.
Principal will mature one bond
posals. Bidders must satisfy themselves of the city's right yearly, commencing in 1901.
Hyattsville, Md.— Bonds Proposed.— A bill is before the
to issue bonds before bidding.
State
Legislature authorizing the issuance of $30,000 water
The official notice of this bond offering will be found among
bonds.
the advertisements elsewhere in this Department.
Hyde Park, Ohio.— Bond* Voted.— At the election held on
Flint, Mich. Bonds Proposed. The Common Council has Feb. 26 bond issues amounting to $202,000 for various imunder consideration the question of calling an election to provements were authorized by large majorities.
vote on the proposition to issue water-works and electric—Bond Sale.— On Feb. 27 the $1 ,726 42 4^% 1-10-year streetlight- plant bonds.
improvement bonds were awarded to W. R. Todd & Co.,
TheBoaidof Education has
1
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:
—
:
—
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:
THE CHRONICLE.
446
Cincinnati, at 104-75.
icle Feb,
For description of bonds
see
Chron-
10, p. 293.
[Vol.
LXX.
ing of the latter board was held March 1, 1900, at which the
City Comptroller was authorized to issue these bonds from
time to time as may be required.
Bond Bill Passes House.— On Feb. 28 bills authorizing the
issuance of $500,000 bonds to improve the Hall of Records in
Kings County and $350,0(0 bonds to improve the American
Museum of Natural History passed the House of the State
Legislature.
Jackson, ^Hs.— Bonds Proposed.— This city has before
the State Legislature a bill permitting the issuance of 5%
bonds.
Jefferson, Ga.— Bond O^enngr.— Proposals will be received
at any time by J. C. Bennett, Mayor, for $5,000 5% endowment bonds. Interest will be payable January 1 and July 1.
Principal will mature as follows
$100 yearly from 1901 to
Norlh Yakima (Wash.) School District—Bonds ^ufftor1916, $200 yearly from 1917 to 1924 and $a00 yearly from 1925 i2;ed.— The citizens of this district have authorized the issuto 1930.
bid of more than par has already been received ance of $13,100 school-house bonds.
for these securities. Assessed valuation, $203,000; real valOak Harbor, Ohio.— Bond Election.— The Village Council
uation, $300,000. The city has $4,200 7^ bonds outstanding.
has decided to call an election to vote on the question of isMartinsville, Ind.— Bonds Authorized. The City Council suing bonds for a water-works system.
has authorized the issuance of $16,000 5% high-school buildOakley, Ohio.— Bonds Voted.— On Feb. 26 this village
ing bonds.
voted in favor of issuing $20,000 street-improvement, §8,000
Mattoon Townsliip, 111.—Bond Sale— On Fth. 20 the $50.- sidewalk, $1,000 turnpike and $15,000 water bonds by maOOU 4% 20-year refunding bonds were awarded to N. W. Har- jorities ranging from 67 to 72.
ris
Co., Chicago, at 103-57— an interest basis of about
Omaha, Neb. Bond Election.— The question of issuing
Z-14%%. For description of bonds see Chronicle Jan. 20, $25,000 paving bonds will be voted upon at the coming city
:
A
—
&
p. 141.
election.
Mercer Connty, Ohio.— Bond Bill Passes House.—The
House of the State Legislature has passed the bill providiiig
Peru, Ind.— Bond Ojferingr.— Proposals will be received
March 6, by Jesse Horan, City Clerk, for $40,000 15-20-year municpal bonds. Interest on these bonds will
be payable semi-annually, and they will be sold at par for
for the issuance of $7,000 bonds.
until 4 p. M.
Miami County, Otiio.— Bond Sale.— Oa Feb. 17 the $9,600
5% pike bonds were awarded to a national bank of CirclevilJe.
A full description of these securities will be found in
the Chronicle on page 243.
Middletown, Ohio.—Bond Sale.— On Feb. 23 the $75,000
4^ 20 30-year (optional) park bonds were awarded to Feder,
the lowest rate of interest bid.
Holzman
& Co.,
Cincinnati, at 109 25— an interest basis of
Securities are in denomination of $500, dated
Interest will be payable semi-annually.
Mingo Junction, Ohio.— Bond Sale,— On Feb. 20 $5,000
6% 10-year sewer bonds issued by this village were sold to
W. J. Hayes Sons, Cleveland, at 114'40— an interest basis
of about 4-22^. Following are the bids
W. J. Hayes & Sons. Cleve
$6,720 00 Denlson, Prior & Co., Cleve... $5,501 00
Lamprecnt Bros. Co., Cleve... 5,719 50 SteubenvlUe National BanK.. 5,460 00
W. K. Todd & Co.. Cincinnati. 6,672 50 Nat. Exch. Bank.Steubenv'le. 5,3m1 OU
Seasoogood & Mayer, Cincin.. 5,540 60 L. L.Grimes
5;276 00
S. Kuhn & Sons, Cincinnati... 5,60310 Feder, Holzman & Co., Cin.... 5,01788
Securities are in denomination of $500, dated March 1,
1900; interest will be payable semi-annually.
Bonds are
issued pursuant to the Revised Statutes of Ohio and to a
village ordinance passed Jan. 16, 1900.
about
3 362^.
Feb. 1, 1900.
&
:
;
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Mississippi.-Bond Bi?Z Passes House.— The onemilliondoUar State House bond bill has passed the House of the
State Legislature,
Mississippi Levee District— Bond Bj/Z Passed.—Tbe State
Senate has passed a bill authorizing the issuance of $350,000
certificates to be used in high-water emergencies.
Montgomery County, Ohio.— Bond Sale— On Feb, 24 the
$120,000 4% 2-9year (serial) le^ee bonds were awarded to the
Ciiv National Bank of Dayton at 10310. The $13,500 4^ ditcb
bonds and the $10,000 4% infirmary improvement bonds were
awarded to F. Schneider & Co., New York, at 1C3-6S and
104 7125, lespectively. Following are the bitJs
City National Bank,
Dayton
F. PChneider &Co., New York
W. R. Todd & Co., Cincinnati
Teutonic National Bank, Dayton
W. J Hayes & Sons, Cleveland
S. Kuhn & Sons, Cincinnati
Seasongood & Mayer Cincinnati
.
Merchants' National Bank, Dayton
Feder, Holzman & Co.. Cincinnati
Winters National Bank. Dayton
Third National Bank, Dayton
For
$120,000
Levee Bonds
$123,7i
123,i'25
l. 2,910
122,407
122,-^00
122,100
120,600
$13,500
$10,0C0 Jn^rmary Bonds,
$10,306
Dicn, B'ds.
$.3,83100
13,996 60
13,650
13,666
13,677
13,702
13,670
00
00
00
50
10
13,736(J0
13,700 00
(
10,471 25
10,22,;
60
10,151
10,150
10,25)
10,176
no
00
60
00
10.201 90
10,150 00
10,0(jO
00
bonds see Chronicle Feb, 17, p 345.
Mountain Lake, Minn. Bonds Proposed.— This village
has ULder coneideration the question of iss-uing bonds lor
water works, "We are advised that a special election may
be held in the spring to vote upon the proposition.
Mount Vernon, M, Y.—Bona Sale.-On Feb. 23, $40,000 4%
5-year asstsgment bonds were awarded to Rudolph Kleybolte
& Co., New York, at 102-755. Folio wicg are the bide:
R. Kleybolte & Co., New York..li 2-756 Allen, Sand & Co,, New York.. .in2-645
S. A. Kean, Chicago
lOSDO N. W. Harris & Co., New York. .102-332
R. B. Smth & Co., New York.... 102-65
Edw. C.Jones & Co.. New York.l0i-07
lull description of
The official notice of this bond offering will be found
the advertisements elsewhere in this Department,
among
Bonds Authorized by Common Council'
Fliiiadelphia, Pa.
—The Common Council on March
1 passed the ordinance authorizing the negotiation of the $12,000,000 water loan voted
last November.
The bill must yet be passed by the Select
Council before bonds can be issued.
Phoenix, Ariz. Bonds Defeated.— At the election held on
Feb. 23 the question of issuing $2C0,000 water and $115,010
sewer bonds was defeated.
Honds Proposed. This town will issue
Placerville, Cal.
in the near future $28,000 20-year (serial) refunding bonds.
Interest will probably be at the rate of 4%, and bor.h principal and interest will be payable at Placerville in gold. Other
details of the issue are not yet determined.
Pleasant Ridge, Ohio. Bond Offering. Proposals will be
received until 12 m March 27, by J. B. Hayden, Village
Clerk, for the purchase of $:,500 5% 10 y?ar and |691-30 5% 110-year (serial) street-improvement bonds. The 1 0-year bonds
are in denomination of $500, dated March 1, 1900. and the
serial bonds $69 13 each, dated Jan. 30, 1900.
Interest will
be payable semi annually at the First National Bank of Cincinnati.
certified check for 5^ of the gross amount of
bonds bid for, payable to the Village Clerk, must accompany proposals for each of the above issues.
Ponca, Neb.— Boftd Sale.— Oa Feb. 1 the $10,000 5^ 20-year
refunding water bonds were sold to E. E, Halstead, President Bank of Dixon County, Ponca, at 100-75 an interest
basis of about 4-94^. Oher bidders were:
W. J.Hayes
Sons, Cleveland; First National Bank, Barnesville, Ohio, and
Spitzer&Co., Toledo.
Princess Anne, Md. Bo^dn Proposed. A bill now before
the State Legislature permits this place to issue bonds.
Randolph, Neb. Bond. Offering Proposal? will be received until March 6 by H. S. Fisher, Village Clerk, for $4,5C0 5^ water- extension bonds. Securities will bear date of
April 1, 1900. Principal will mature in 20 years, subject to
—
—
—
A
—
&
—
—
—
call after 10 years.
—
Rising Sun, Ohio. Bonds Proposed. A bill has been introduced in the State Legislature providing for the issuance
of $5,000 town-hall bonds by this village.
Rochester, N. T. Temporary Loavn. This city on Feb. 28
negotiated with the Rocht ster Trust & Safe Deposit Co. the
following temporary loans $100,000 on a 4 15 basis, $100,000 on a 4 05^ basis and §217,000 on a 4% basis. Other bids
received were aa follows
—
:
:
.
I
60,000(§)4-95^
I
Bid rejected.
Myr'n W.Greene.Roch
Natchez, Miss.— Bond Bill Signei.—The bill recently
passed by the State Legislature permitting the issuance of
$25,000 school bonds has been signed by the Governor.
Newark, N. J.- City Hall BtU Passes Legislature.— The
State Legislature has passed tbe bill authorizing this city to
erect a new city hall. Bonds to the amount of $1,500,000
will be issued for this purpose.
New Rochelle, N. Y.— Borjd OfeWnc/.— Further details relative to the sale of $26,122 20 5% sewer certificates are at
hand, Pioposals for these securities will be received until 8
p. M,, March 6, by Andrew J. Selz, City Clerk.
They are in
denomination of $1,000, except one, which will be for
$1,122 20, and are all dated March 1, 1900. Interest will be
payable semi annually and the principal will mature within
five years from date of issue.
Bonds are certified as to genuineness by tbe United States Mortgage
Trust Co. of New
York City and are issued under authority of Section 209,
&
$50,000@4-oO«
f$150,000@5-00%
{
Central Bk., Rocbes'r.
<
Traders' National Bk.,
(
6!i,000(<(4-90i6
50,0( Oai4
"0%
25,0 0@4-65«
30,000® -6056
<
Si0,000,ai4-45%
Kochester
Flour City Nat. Bank..
German- American Bk.
Commercial Bk Roch.
(
,
Loan
will
mature $315,000
four months.
Rome, N. Y.
in three
60,000(a5-00%
50,001 ®=^-50«
50,00( @5-0OS{
50,000@5-50^
r-176,00'
®4-505
376,000(a5-26%
10U,tOO@6-005t
months and $102,000
in
Bond Offering.— J. H. Carroll, Chamberm March 5, in the City Hall.
lain, will offer for sale at 10 a.
$3,822 65 4% paving bonds; also $2,242 4% paving bonds.
Securities will be registered in tbe office of the City Chamberlain, and will be dated March 5, 1900, Principal will mature one-fourth yearly. Bonds are issued pursuant to Section 15, Title 6, of the City Cbarter.
San Diego, Cal.— Bonds Propo ed. The question of holding an election to vote on a proposition to issue $80, 0( bonds
for street improvements in this city is under consideration,
but we are advised that nothing is settled as yet in the matter and that it is doubtful if such an election will be held.
Santa Fe, N. Mex. Bonds Authorized. The City Council
of this place has authorized the i.ssuance of $10,000 public-
—
—
Chapter 12^ Laws of 1889.
New York City.— Pajaid Transit Bond Issue.— On Feb. 26
the Board of Rapid Transit Commissioners passed a^resolu- improvement bonds. The Santa Fe '' New Mexican," in an
tion asking the Board of Estimate and Apportionment to editorial on Feb, 17, declares against the issuance of these
authorize the issuance of $35,000,000 bonds, the contract bonds. As stated in the Chronicle Feb. 3, the county of
price of the tunnel, $1,000,000 bonds for terminals and $500,- Santa Fe is endeavoring to compromise its largt* bonded in000 bonds for real estate, making $36,500,000 in all. A meet- debtedness (more than one-half of its assessed valuation) on
——
March
—
.
THE CHRONICLE.
3, 1900.J
447
public sale at 7:30 p. M., March 12, $10,000 5% refunding
bonds. Securities are in denomination of $1,000. Interest
will be payable semi-annually at the American Exchange
National Bank, New York City. Principal will mature
eleven years after the date of the bonds. Securities are
issued under authority of Section 2834a, Revised Statutes of
Ohio. Each bidder will be required to deposit with the
Clerk a New York draft for $100.
Sjracuse, N. Y.— Loans Negotiated— On Feb. 21 this city
negotiated a loan of $100,000 at 3-70^, through Blodget, MerLoan to mature Oct. 2^^, 1900. Also a
will sell at auction for cash to the highest bidder at the ritt & Co., Boston.
court house in the town of Benton $i5 548 99 bonds issued loan for $30,000 at 367^ on Feb. 23, through Charles Weil
against Drainage District No. 1. Interest at the rate of 6^ Co of Boston, maturing Aner. 23. 1900.
will be payable annually from May 1, 1900. Securities will
Tacoina Hchool District No. 10, Pierce County, Wash.20 year refunding bonds menbe in the following denominations Series 1 to 10, inclusive, Bond Sale.— The $100,0(
Feb.
Chronicle
3, 1900, and Dec. 23, lf«99, have
the
inclusive,
and
in
bond No. 65 tioned
$100; Series 11 to 64,
$1,000,
Sons, Boston, at 100 31 for 4J^
$448 99. Principal will mature yearly on March 1 as fol- been sold to E. H. Rollins
lows $500 in 1902, $50 in 1903, $1,000 from 1904 to 1907, in- per cents. The purchaser furnishes the blank bonds.
are
clusive, $2,000 from 1908 to 1912, inclusive, $3,000 in 1913,
Three Rivers, Mich.— JVb Bond Ist^ue at Present
bridge
the
$8,000
that
City
Clerk,
Bunn,
$4,000 in 1914 and 1915, $5,000 in 1916, $6.00u in 1917,1918 advised by J. C.
and 1919 and $6,448 9 J in 1920. James McPheeters is County bonds which were voted on Feb. 5 will not be placed on the
Clerk.
market untilJan. 1, 1902,
ScrantOD, Pa. Bond Issue, This city issued on Feb. 1
Topeka, Kan.— Bond Election.— On April 3 this city will
§12,334 17 &% East Market Street bonds and $9,610 09 Q% San- vote on a proposition to issue $5 ),000 park bonds.
Bond 0#enngf.- Proposals will be received
derson Avenue paving bonds. These securities are redeemUnion, S.
able as fast as collections are made from the assessed prop- until March 10 by this town for $50,000 ^% improvement
erty owners.
bonds. Securities will be in denomination of $1,000, to be
Bend
Bill
Passes
Legislature,
Smithflcld, Va.
This town dated as soon as issued; interest will be payable semi-annuPrincipal will mature in 40 years from date
has the authority of the State Legislature to issue bonds.
ally at Union.
South Charleston, Ohio.— Bond Sale.— On Feb. 19 $3,000 of issue, subject to call after 20 years. Bonds are issued
6% 1-6-year (serial) coupon bonds were awarded to Seasongood under the general laws of the State. W. D. Arthur is the
a basis of 25 cents on the dollar. The "New Mexican"
points out that at a time when the taxes are extremely heavy
and the interest cannot be met on the county's debt " the
action of the City Council in issuing additional bonds and
expecting to sell the same is an evidence of faith little less
than supernatural." The "New Mexican" also contends
that the bonds must be submitted to a vote of the people before they can be legally issued.
Scott Connty (Mo.) Drainage District No. l.—Bond Offering.— Oa March 15, at 1 p. m., the Treasurer of Scott County
&
:
&
—We
)
:
—
C—
—
&
Mayer, Cincinnati, at 106
Town
115.
Clerk.
,
^„
^^^
South Haven, Mich.—Bond Sale.-Oa Feb. 21 the $10,000
Union County, Ohio.— Bond Sale.~On Feb. 26 the $3o,000
electric- light plant bonds were sold to the Citizens' State h% 5 year ditch bonds were awarded to the New First NaBank of South Haven at lOl'lO, an interest basis of about tional Bank of Columbus, Ohio, at 101-301— an interest basis
3*90^. Principal will mature $1,000 yearly, beginning March of about 4-70^. Following are the bids
H
:
1.
1903.
Sparta (Wis.) School
District
Bond
Offering.— Ptoby Wm. H. Blyton,
posals will be received until March 15,
District Clerk, for $1,000 4% refunding bonds.
Springfield (Ohio) Scliool District.— Bond Offering.—Th(^
Board of Education Oliver H. Miller Clerk— will offer at
—
NEW
LOANS.
CITY of EVERETT, WASH., CITY
SEWER BONDS.
J.
Hayes & Sons, Cleve.
35,317 00
I
i
1
First Nat. Bank, Barnesviile.|36.200
Spit zer & Co., Toledo
Sf-J^S
S.'Kuhn & Sons, Cincinnati., 35,102
Seasongood & Mayer, Cincin, 35,027
For further description of bonds see Chronicle Feb,
00
22
26
60
17,
p. 346.
NEW LOANS
PEaU, INDIANA, DENISON, PRIOR&CO.
MUNICIPAL BONDS.
deaijErs in
Sealed proposals will be received until ten o'clock,
rate of 5 per cent per annum. Interest payable semiannually on the Ist day ot February and August in
each year, evidenced by coupons. Principal and interest payable in gold coin of the United States at
the Fiscal Agency of the State ot Washington in the
City and State ol New York. The bonds cannot be
sold f or.less than par. These bonds are issued in accoidani e with an Act ot the Legislature of the State
of Washington, approved ijareh 17th, 1897, being
Chapter CXII. Lawn of Washington, 1(597.
uelivtry ot bouas. Nos. i to 3o, both Inclusive,
upon receipt of payment tberetor, will be made on
thK 31st day of March, 1900. and bids must include
the acorued intt-rest thereon from date of bonds to
said date of delivery. Delivery of bonds Nos. al to
60, both inclusive, upon receipt of payment therefor,
will be made August Ist, 1900, at which time, before
delivery, Coupon No. 1 on eai h of said bonds for the
first, semi-annual interest payment thereon will be
detached and canceled by the City Treasurer.
No bid will be considered that is not in compliance
with the terms and conuitions of this noticeand that
does not include tde entire issue of ^aid bonds.
Every bidder as a condition precedent to the reception or consideration of hisproposal shall deposit
with the City Treasuier two (2) certified checks,
without conditions, dravfnto theorderof said Treasurer upon a National Bank, in the sum ol Fifteen
hundred dollars each. No interest will be paid on
the deposit. In case the bidder receiving the award
ol the bonds falls to complete and perform his ofler
and pay to the City Treasurer the amount of his accepted bid as to bonds Nos. 1 to 3(j. both inclusive,
on or before April 5th, 19(j0, the total amount of the
deposit with the bid shall be forfeited as liquidated
damages to the City of Kverett. If, however, payment shall be made for tbe first delivery of bonds on
or before April luth, 1900, then one ol said checks
shall be surrendered to said bidder or applied upon
the purchase price of the bonds, at bidder's election.
As to Donds Nos. 81 to (JO, both inclusive, included in
the second delivery. If taid bid shall not be completed and performed as accepted and payment
made on or before August4th, 19uO, then said sec
ond check shall be forfeited as aforesaid; otherwise
to be surrendered or applied as above stated.
Bidders shall at their own expense make e;<aminatious of all records; tbe city will furnish any copy
ol any record, free of charge, and all bidders shall
have free access to Its records. Bidders must satisfy themselves of the city's right to issue the bonds
before bidding, the Council reserving the right to
reject any and all conditional bids.
Proposals, together with deposits, shall be enclosed
in a sealed envelope Indorsed '" Proposals for Sewer
Bonds of the City of Everett," and then enclosed in
an envelope, sealed and addre.isedto the City Treasurer ol ihe City ol Everett, Washington.
The right is reserved to reject any and all bids.
By order ol the City Council.
J. HUNSAKER, City Treasurer.
Everett, Wash., February autn, I9u0,
W.
ji^yyLLOAN^
S^40,000
^60,000
A. M., March 31at. 19uy. at the office of the City
Treasurer ot the City of Kveretr, vy ashin^ton, in the
City Hall in said city, for the purchase ot all of Sinty
Thousand (Wu.OuO) dollars ol Sewer Bonds of the
City ot Everett, Washington. Bids will be opened
at 10'30 o'clock, A. M., on said day by the City Trcasuier in the presence of tbe Committee on Finance
and Claims of the City Council ot said City and the
award will then and there be mide to the highest
and best responsible bidder therefor by the Citv
Treasurer and said Committee, thereunto lawfully
authorized by resolutit n of the City Council.
Said bonds are dated February 1st. 190U, due and
payable twenty years from date, without option in
denominations of $1,' on each, bearing interest at the
New First Nat. Bank. Colum.f;35,465 60
LlmDrechtBro8.Co.,Cieve.. 35,387 50
Federi Uolznian & Co.. Cin.. SSlsei 38
Notice
is
of
hereby given that up to 4 o'clock P. M.
on Tuesday, March the
6th, 1900, sealed proposals will
be received at this office, by the Common Council of
the City of Peru, Indiana, for the purchase of
$40,000, more or less, of 15-20 years Municipal Bonds
to be issued by the City of Peru, Ind in denominations as the Council may elect, and Interest payable
semi-aimually. Bonds to be sold at par for the low-
Grade
High
SEND FOR
Bonds.
LISTS.
,
est rate of interest bid.
The Common
any and
By
Council reserres the right to reject
S
Exchange Place, Boston.
121 Euclid Avenue, Cleveland.
all bids.
Common Council.
JESSE HORAN.
order of the
City Clerk.
ADAMS & COMPANY
Perry, Coffin
&
Burr,
BANKERS^
INVESTMENT BONDS,
DBALBR8 IN
INVESTMENT BONDS,
Member!
ol Boston Stock
6o State Street,
Bxchanse.
BOSTON.
No. 7 Congress and 31 State Streets,
BOSTON.
Investment Securities
MASON, LEWIS &
BANKERS
FOR
SAVINGS BANKS and TRUST FUNDS
6% BONDS A SPECIALTY.
EDW.
JONES
C.
JSBW YORK,
PHILA.,
-
1
-
-
CO.,
<&
CO.,
FOURTH
ST.
«0 DeTonehlre
St.
MUNICIPAL
^^^.-^-^
RAILROAD
*^'*^"'"^'^"
CORPORATION
BONDS.
Choice lasues.
NASSAU STREET.
112 SO,
BOSTON,
CHICAGO,
Monadnock Balldlng.
Street Railway and Gas Companies.
LIST ON APPLICATION.
Blodget, Merritt
&
Co.,
BANKERS16
MUNICIPAL BONDS.
E. C.
Congress Street, Boston.
13 Wall Street, New York.
STATE, CITY & RAILROAD BONrS
STANWOOD &
CO.,
BANKF.RS,
121
Devonshire Street,
BOSTON.
:
THE CHRONICLE.
448
YirginltL.— Bonds Purchased.— Oa Feb. 20 the State
Com-
Lebanon, N. H.
inissioDPrs of the Sicking Fund purchased from W. S. FanNew York, $115,000 "Century Bonds" at 86-21.
S^®'
Waynesburg, Fa.—Bonds Voted.—Oa Feb. 20 the proposition to issue $48,000 bonds for seweragje and paving purposes
carried by a vote of almost 5 to 1. Details are not yet deter-
A&p, $5,000
Oct.1, 1900
<$2,500 due yearly) to Oct. 1, 1901
SCHOOL House and St. Bonds—
*2.000
Oct. 1, 1900
f^\t:^9'
($1,000 due yearly)
LOANS—
When Due.
LOANS—
Improvement Bonds— (Con.)
48, J&J. $60,000
July 1, 1911 4s. A&O, $100.000.... Apr. 1, 1916
4s, J&J, 55,000.July 1,1900-1901
School Bonds—
($25,000 in 1900,$30,000,'01.)
J&D, $9,000-June
48,
F&A, $14,000
1, '00,
Aug.
($1,750 due y'rly) to Aug.
48,
1901
1, 1901
1, 1902
1,1900
1, 1902
June 1 1917
%
1,
Government
SI
NASSAU
TODD &
CO.,
No. 35 East Third Street.
VALUATION, TOTAL DEBT, Etc.—The assessed valuation
Whann &
Co.,
Geo. D. Cook Company,
INVESTMENT SECURITIES.
IN
238-240 La Salle Street,
SECURITIES.
71
BROADWAY
CHICAGO.
New York Office, 62
NEW YORK.
•
BANKERS
JLND BROKEBS,
*
SAVINGS BANK AND TRUST
investors.
63 WALT, STREET,
NEW
CHICAGO,
100 Dearborn St.
Co.,
YORK,
35 Nassau
St.
First ftlortcaire
on the properties of
Bell
Telephone
Licensee Companies.
Prices and particulars on appiicatlon.
E. H.
19
Bank BIdg.
Devitt,
ROLLINS & SONS,
MILK STREET, BOSTON.
CHICA<H>
•
•
Tremble
&
[Established
Bank
Bulldine,
MUNICIPAL BONDS.
Secarities Netting from 8>^ to 6<
ALWAYS ON HAND.
Clronlar.
DUKE M. FARSON.
Muntotpal Bonds.
IMii
CO.,
1871.1
Dealers in High-Orade
Investment Securities,
Making a
Specialty of
Co., Western Municipal Bonds.
20 NASSAU STREET, NEW YORK.
CHICAGO.
Send for our Inveitment
YORK.
BANKERS,
MUNICIPAL BONDS.
First National
We ofler bonds secured by
American
Nat.
NEW
SPITZER &
& NIVER Co.
MUNICIPAL BONDS,
Ut
t; SPECIALTIES.
MANUFACTURING
COMPANY,
Act as agents for non-resident property owners and
FUNDS.
LISTS MAILED ON APPLICATION.
J
THE AMERICAN
MacDonald
SUITABLE FOR
»" xr
E
No. 1 Nassau Street.
PUBLIC SEOUEITIES
^AU
CO
Commercial Paper, Mortgage Loans,
Local Stocks and Real Estate.
H
»
OT
A
w
^g
[Members American Bankers' Ass'n.]
NEW YORK,
CORDAGE
S
DULUTH, MINN.
DEALERS IN
Broadway.
TRANSniSSION ROPE.
OQ
& CO.,
Leach &
(about
70 per cent of cash value) and the tax rate have been as follows
Assessed Valuation.
Tax Rate
Total.
Real
Personal.
per $1,000.
$19-50
$31,491,784
$25,595,943
$5,895,841
1899
19-50
26,265,034
4,723,454
30,988,488
1898
20-80
25,831,832
4,655,114
30,486,946
1897
18-60
25,031,116
4,412,552
29,443,668
1896
24,090,650
1910
19,884,300
4,206,300
1890
17,735,990
1880
trowbridge,
Farson,
They
.
MUNICIPAL and RAILROAD
CO.,
MUNICIPAL BONDS.
CINCINNATI, OHIO,
J&J,
Jan. 1, 1900. Jan. 1, '99. Jan. 1, '98. Jan. 1,'97
Total bonded debt
$1,920,000 $1,855,000 $1,890,000 $l,917,2f0
900.000
Water debt (incl. above)
900,000
900,000
900,000
Sinking fund Jan. 1, 1900, $232,733 04.
DEALERS
Successors to
BRIGGS, TODD
J&D,
TOTAL DEBT.-
ST. (Bank ot Commeree Bide)
R.
A&O,
J&J,
1,
1,
1.
1,
1,
1,
1.
1.
INTEREST on bridge bonds of 1881 and water bonds of 1872 is payable at Treasurer's office, Manchester ; on all other issues at Suffolk
Bank, Boston.
1900
1907
1900
1909
1925
1926
1926
1,1929
A.R.Macfarlane&Co.
W.
1913
1914
1915
4s,
4s,
48,
48,
48,
1902
1913
1913
1907
1910
1912
1914
50,000.. Oct.
1915
100,000.. July
50,OOO..Deo.l6. 1915
100,000. .Jan. 1,1917
J&J, $100,000.. Jan.
F&A, 100,000.. Aug.
M&N, 100.000.. Nov.
J&J, 100,000.. Jan.
J&J, 100,000.. July
J&J, 100, 000.. Jan.
are for $100, $500 and $1,000.
are mostly of the denomination of $1,000 each.
1,
1,
1,
1,
1,
1,
1,
SOLD.
BANKERS,
1,
1,
1,
58,
41^8,
48,
48,
PAR VALUE.— The city's bonds
and
W. HARRIS &
1,
1,
JNyESTMEJ^^
APPRAISEMENTS MADE OR QUOTATIONS
FURNISHED FOR THE PURCHASE. SALE OR
EXCHANGE OF ABOVE SECURITIES.
LISTS ON APPI^ICATION.
N.
J&J, $100,000. ...Jan.
A&O, 100,000.... Apr.
A&O, 100,000.... Apr.
48,
48,
48,
to '17
Municipal Bonds Charles
BOUGHT AND
68,
Improvement Bonds—
Light BondsJ&D. $14,000
June 1, 1928
__JNVESTiy[Ej^^
A&O,
A&O,
A&O,
Water Bonds
1913
1,
1905
1907
50,000.... April
50,000.... Aprill, 1909
5,000....April 1,1911
3i2S,A&O.100,000.... April 1, 1919
.
*«'
July
Funding Bonds—
A&O, $50,000. ...April
4s,
48,
48,
48,
J&D, $5,000
June
($500 due yearly) to June
4s, F&A, $8,000
Aug.
48, J&J,
6,000
July
4a, J&D,
5,000
Dec.
48, J&D, 7,000
June
48. J&D, $40,000
Interest is payable in Boston.
Sewer Loan—
Bonded debt Jan. 1,'00 $188,350
48, M&N,$18,000
Nov. 1, 1924 "Water debt (included)...
45,000
July 1,1926 Tax valuation, real
3,749,545
a!'t?^'
^'J?00
4s, J&D,
6.000
June 1,1927 Tax valuation, pers'l
1,319,235
Street & Fire Dept. Loan—
Total valuation 1899
5,068,780
Assessment same as actual value.
*®
1905;
in
$300
1906.)
Total tax (per 1,000) '99
$16-40
ir*^^.^^"/
A&O, $25,000
48,
Oct. 1,1908 Population in 1900 (est.)
3,500
48. J&D,
5,(i00. June, '00, to '09 Population
in 1890 was
2,098
Electric
to Oct.
'^^•^^^
Mch.
A-^^^
($1,000 due yearly) to Mch.
f^i-l^&D. $4,050
Dec.
J'l'JSO due yearly) to Dec.
J&J, $50.000
58,
J&J, $160,000... .July 1,'00-15
J&J,
40,000.....Julyl, 1916
48,
4s,
Cemetery Bonds—
This town
Water Loans—
WlienDue.
Bridge Bonds—
Fire Dept. Bonds—
48,
.
borough County.
STATE AND CITY DEBT CHANGES.
*i«8,
.
MiGN, $40,000
MTTT,
$40,000... May 1, 1909 Fire precinct debt(add'l)
47,464
A&O, 18.000. Apr. 1, 1901, to Assessed valuation 1899.2,526,614
($3,000 due yearly.) Apr. 1, 1906
Assessment about actual value.
Bonded debt Feb. 15.1900.$61,000 Total tax rate (per M) '99.. $16-97
Floating debt
3,690 Population in 1890 was
3,763
Total debt Feb. 15,1900.. 64,690 Population in 1900 (est.)
4,500
Sinking fund assets
15,400
Manchester, N. H.— James E. Dodge, Auditor; F. L. Allen,
Treasurer. This city is one of the county seats of Hills48,
8,
48,
onds
Yonkers, N. Y.—Bond Sale.— On Feb. 26 the $17,000 d}4% 2year assessment bonds were awarded to the Yonkera Savings
Bank at lOO-lS— an interest basis of about 3-42^. The only
other bidder was Allen, Sand & Co., New York, at 100-06.
LOANS—
When Due.
Rbfdnd'g and School House—
is in Grafton County.
When due. Net debt Feb. 15, 1900
$49,290
.
15 an election will be held to vote on the question of issuing $4,000
bridge bonds.
Willlamsport, Md.— Bond Bill Passes LcQislature.— This
glace has [received legislative authority to issue refunding
is
—This town
LQANS____ _
mined upon.
Weyauwega, Wis.—Bond Election.— Oa March
Belmont, Mass.—W. L. Chenery, Treasurer.
in Middlesex County.
LXX.
[Vol.
Banker,
Dearborn Strooi
CHICAGO.
Spitzer Building, Toledo. Ohio.
The Lamprecht Bros. Co.,
iViUNICIPAL
AND OTHER HIGH-GRADE
BONDS.
Cleveland, Ohio,
•
107 Superior
Street.
EASTERN BRANCH:
New York
•
•
City,
li'i Broadway.
All securities having a Cleveland market bought
and
sold.
LAMPRECHT BROTHERS &
CO.*
Members New York and CUieaxv Stock BKChanges
@FedFRASER