The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
:
mmt(^
Quotation -Supplemenl
Railway Supplement ^immny^
-Street
(Moniwy)
Investors Supplement (Qwehy)
State and Cih/
[Entered aooording to Aot of Congress, in the year 1900, by the William B.
Dana Oomtant, In the office
SATURDAY, MAY
VOL. 70
Supplement ^Amsai
of the Librarian of Oongress.]
NO. 1820.
12, 1900.
Week ending May
Olearings
PUBLISHED WEEKLY.
at—
1900.
1899.
1900.
P. Cent.
5.
1898.
1897.
Terms of Subscription—Payable In Advance
$10 00
For One Year
For Six Months
European Subscription (including postage)
European Subscription Six Months (including postage)
600
13 00
7 50
£2 148.
Annual Subscription in London (including postage)
do.
£llls.
do.
SixMos.
do.
Above subscription includes—
Stbeet Railway Supplement
The Quotation Hupplembnt
State and City Supplement
Xh« Invkstoks' Supplement
(Per Inch Space.)
of
Adrertising—
Terms
Transient matter
$4 20 Three Months (13 times) .$29 00
"
Six Months
standing business cards.
(26
).. 50 00
22 00 Twelve Months (52 " ).. 87 00
Two Months
(8 times)
.
. .
i
Messrs. Edwakds <fe Smith, 1 Drapers' Gardens, E. C, will take suboriptlons and advertisements, and supply single copies of the paper
t Is. each.
WILI^IAm B. DANA COmCPANY, Publishers,
Pine Street, Corner of Pearl
Post office Box 958.
Street,
new York.
1,158,701,032 1,489,472,986
100,323,80.3
101,109,801
36,887,163
33,937,018
26,689,07H
41,225,824
5,140,735
6,353,100
2,687.249
3.086,839
3,170,494
8,632,942
3,490.484
2,270,598
1,H38,5«9
1,296,231
1,222,562
994,635
755,449
876,106
Philadelphia...
Baltimore
Buffalo
Washington....
Albany
Rochester
Syracuse
Scranton
Wilmington....
<
Bingham ton....
New
,
.....
Haven....,
,
Worcester
,
Portland
,
Fall River
Lowell
New
Bedford...
Total NewEng...
Chicago
Cincinnati
Detroit
Cleveland..
Milwaukee.
CLEARING HOUSE RETURNS.
Columbus
Indianapolis
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day. May 13, have
been $1,667,790,523. against $1,878,197,636 last week and
$2,054,345,418 the corresponding
week
of last year.
Peoria
Toledo
,
Grand Rapids.....
Dayton
Evans vlUe
Youngstown
SpringUeld,
111....
Lexington
Akron
Kalamazoo
Saginaw
Rockford
Week EncUng May
Clearings.
Rttwma by
Telegraph.
Hew York
$829,376,067
98,025,480
68.744,738
20,678,734
Boston
PhUadelphla
Baltimore
Chicago
St. Loula
New Orleans
Seven
other
6 days
6 days..
1899.
Canton
P. Cent
$1,161,149,616
-286
119,249,883
78,583,518
-17-8
25,390,743
-12 5
121.950.813
115,265,680
87,442,893
27,668,346
7.007,712
-18-8
+5-8
-0-8
-2-3
201,076,493
$1,534,314,998
184,076,942
-23-6
+9-2
$1,374,041,888
$1,718,391,910
-200
293.748,634
335,953.478
-12-6
$1,667,790,522
$2,054,345,418
-18-8
6,846,676
cities,
cities,
1900.
Springfield, Ohio.
12.
«1, 172,964,390
Tot. Mid. West'n.
San Francisco
Salt
Lake City
Portland
Los Angeles
Seattle
Spokane
Tacoma
Helena
Fargo
Sioux Falls
Total Pacific
Kansas City
Minneapolis
Omaha
Total
all cities,
All cities, 1
6 days
day
Total all cities for week..
St.
Paul
Denver
St. Joseph
Des Moines
Davenport
Sioux City
The
full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot,
of course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated,as we go to press Friday night.
We present below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, May 5, and the results for the corresponding week in 1899, 1898 and 1897 are also given. In
comparison with the preceding week there is an increase
in the aggregate exchanges of one hundred and sixty-six
million dollars, the gain at New York being ninetyfour millions.
Contrasted with the week of 1899 the
total for the whole country shows a decline of 137 per
cent. Compared with the week of 1898 the current returns
record a gain of 40 6 per cent, and the excess over 1897 is 69-3
per cent. Outside of New York the decrease from 1899 is 3-2
per cent. The excess over 1898 reaches 28-8 per cent, and
making comparison with 1897 the gain is seen to be 49-3 p. c.
Topeka
Wichita
Fremont.
Hastings
Tot. other West.
Louis
New Orleans
St.
Louisville
Galveston
Houston
Savannah
Richmond
Memphis
Atlanta
^ashvilIe
Norfolk
Augusta
Knoxvllle
Fort Worth
Birmingham
Macon
Little Bock
Chattanooga
St.
John
Victoria
Vancouver
Total Canada....
778,748,624
69,3o8,62d
18,665,814
19,446,384
4,423,122
2,088,582
627.710,545
60,147,265
16,667,200
16,021,880
8,891,773
8,344,895
3,0e5.d83
1,315,819
927,004
1,787,(862
-106
814,219
432,300
898,286,464
103,258,778
4,939.800
2,511,489
-8-9
-28-7
-23-5
-26-2
+16-6
-81-2
-26-7
1.786,019
1,716,214
1,899,602
1,658,981
848,421
674,210
625,166
659,918
403,400
731,489,481
107,734,505
6,208,200
2.841,858
1,631,386
1,447,188
1,456,797
1,277,872
882,785
634,608
489,374
123,578,418
94,333,005
18,113.450
6,616,839
6.984,493
8,573,129
3,068.800
2,059,734
1.737,866
2,054.433
794,647
598,644
-H5-8
-36-3
-40
— 12-9
+14-6
-I-9-7
-i-3-2
+229
410,200
1,339,290,664 1,633,203,206
—180
139.951,852
6,689,300
2.448,777
1,419,838
l,42y,845
1,870.650
1,152.110
1,050.149
589,163
447,559
160,537,662
6.908,800
2,736,152
1,658,889
2,005,668
1,790,268
1,561,632
901,061
783,088
610,617
—12-8
-3-2
156,499,243
149,842,889
15,042,500
8,605,452
9,999,091
6,220,652
6,780,600
8,012,347
2,456,914
2,087,823
1,773.206
1,205.552
1,000,935
305,038
427,615
440,272
417,000
385,133
397,236
295,685
263,855
265,638
179,393,617
153,492,964
14,644.350
9,364,434
11,784,794
5,308,325
4,801,700
3,184,993
2.193,458
1,693,610
1,510,631
956,652
600,150
372,944
448,265
399,686
461,300
326,379
369,690
236,748
319.801
272,000
210.225,383
22,310,846
2,582,869
1,700,000
1,800,317
2,119,787
1,071.730
995,278
468,753
213,132,874
17.364.977
2,756,344
1,714,326
1,646,244
1,606,933
1,497,068
766,023
643,610
252,520
148,239
181,383,414
18,127.956
1,418,008
2,208,348
1,848,080
1,121,432
968,172
1,008,624
616,588
331,966
103,627
28,396.244
13,632,761
10,894,284
4,118,287
5,273.633
3,352,795
3,00S,318
1,572,645
88»,156
1,012,766
623.633
467,809
136,777
119,784
27,546,677
15,833,451
15,781,452
6,294,671
5,459,141
4,190,902
4,200,000
1,753.856
982,517
1,421,485
483,846
491,447
115,528
189.347
57,147,213
43,942,648
42.810.792
33,208,800
8,314 224
9,546,086
2,761,500
8,145,274
4,100,000
3,606,761
8,210,865
1,637,039
1,573,840
1,631,064
833,511
540,293
1,360,682
800,000
532,000
520.747
405,000
268,370
33,305,835
7.990.299
9,072.235
2,637,950
2,366,736
2,757,304
3,069,900
1,828.411
1,793,137
1,515.398
1.150,494
663,470
627,310
1,006,569
663.761
599,000
430,661
297,104
253,327
29,816.510
7.137,331
8,219,274
2,337,200
2,440,728
1,910.341
8,223,527
1,905,831
1,481,962
1,368,915
964,881
642,348
573.022
992,909
454,174
506,000
339,041
323,069
224,630
222.4!)6
117,518
33.239,594
Jacksonville
71,927,964
Total Southern..
76,795,501'
1,878197.636 3,169,995 553
Total all
Outside N. York.
Montreal
Toronto
Winnipeg
Halifax
Hamilton
-19-5
-0-8
-18-8
+2'8
421,600
Total Middle.
Boston
Providence
Hartford
Springfield
London Agents:
>
New York
Pittsburg
714,496,604
12,776,914
9.853 853
2,012,777
1,34S,22P
900,884
694.154
427,696
769,066
730,522,588
18,360,646
28,763,078
36.641 982
11,873192
1.748,558
1.553,342
1.012,61f-
441.377
740.255
812.074
—12 8
119,808,710
-2-4
+2-7
-8-1
-15'1
129,486,814
18.694,650
6,944,717
8,215,852
5,823,880
4,000,000
8,256.194
2.333,206
2,286.738
1,167,165
768,420
949,101
295,628
350,000
894,791
306,400
333,351
304,474
199,231
209,238
258.964
-I-17-2
+20 4
-13-6
+12-0
+23-3
+17-4
+26-0
+44-9
—180
-4-7
+10-3
-9-5
+181
+7-6
+25-0
+17-5
-2-3
11,095,612
11,860,660
6,057,027
3,891,246
2,699,470
8,051,900
1,607,647
880.695
749,017
538,482
454,424
157,208
117,627
1,159,083
786,410
305 919
284.000
350.031
258,087
167,380
149,820
183,484
138,607,999
18,983,073
1,685,891
1.085,712
1,932,668
582,896
658,370
489,015
510,000
148,970
62,242
21,018,336
11,169.386
8,162,660
4,720.791
3,319.968
2,610,224
1,192,685
1.114,663
768,692
703,488
844,267
414,776
94,258
109,543
34,623,074
26.918.966
6,373,799
6,777,486
8,048,860
8,231,988
1,767,238
2,043,174
1,911,638
1,483.644
1,123,468
846,481
816,420
534,177
669,117
375,848
461,000
249,191
869.654
293,338
67 179,666
63.721,463
1,332,555,510 1,106,336.054
654,806,836
13,471,605
9,249,542
1,704.264
1,391,293
823.789
612,097
478,e25 609
10,741,458
7,488.771
1,314,861
1,257,193
771.674
588,759
27 253 170
22.656 714
THE CHRONICLR
914
THE FINANCIAL SITUATION.
[Vol.
LXX.
directorships with his followers— substitutes another
in his office, and takes passage in Thursday's steamer for
Europe.
Dramatic to the last, is the general verdict.
Under such circumstances the property becomes, for
sion and had more or less
the
last
Satcolumn
time being, purely speculative, and conservative
One of them we made public in this
urday morning. We refer to the ownership by the classes will feel very little confidence in the managePennsylvania Eailroad of the Lons; Island Road, a ment, whether the stock goes up or down.
transaction not actually known until we announced
Still another influence made to do service in deit.
The Long Island was acquired by the Pennsylvastock
pressing stocks this week was a war with Germany. It
nia through the purchase of a majority of the
hereafter.
seems that *'La Patrie," a sensational afternoon
Pennsylvania
and is to be operated by the
It has been reported also that the New York Central newspaper in Paris, published a dispatch from Lonwill probably be interested in the purchase, and as a don which declared, in substance, it was the opinion
result that the Pennsylvania and the Central will be of the German Emperor that a war was possible with
connected by tunnels and a bridge with Long Island the United States and in view of that fact he was culand with one another to their mutual advantage. As tivating the friendship of Great Britain. Of course
the President of the Central denies that his road has this absurd statement would have obtained no lodgso far any interest in the Long Island Road, and states ment in even so soft an organism as a ''lamb's" inthat the purchase has not even been considered by the tellect had it not been for the remark of Secretary
Root in an after-dinner speech about ten days ago to
directors, and further, that personally he does not favor
the proposition, that part of the plan would, as yet, the effect that if the country proposed to defend the
seem to be at least in abeyance. The dual ownership Monroe Doctrine, it might have to fight for
and development as we look at it would be a very de- it. The remark of the Secretary did not leave
sirable feature of the arrangement if it could be con- a very deep or wide impression on the mind of
summated. Since the close of" the market last Fri- the public, but it had just enough force to supply
day, when the final sale was 86^, the Long Island the wings which, in the present declining and
stock has dropped, on Tuesday, to 74^, closing at 75 sensitive condition of our stoclc market, were needed
To finance this and other recent to give currency, among the more innocent, to the
bid yesterday.
We refer to it chiefly to saf to our
purchases, the Pennsylvania Railroad has negotiated a newspaper item.
Dispatches London readers (some of whom, judging from the
loan of fifteen to twenty million dollars.
from Philadelphia last night disputed the truth of remarks of the press of that city, seem to have taken
the statement, but we have established the fact from Secretary Root seriouslj) and to the operators on
The details are given in our Wall Street most easily gulled, that there is no more
authoritative sources.
Several noteworthy events
Railroad
have elicited discusinfluence this week.
News deoartment.
Another affair is later developments in relation to
the iron and steel trade which have been construed as
not of an encouraging character. At the end of last
week one of the large mills of the Federal Steel Co.,
the converter and billet mill, closed. About two
weeks previous it was reported that a rod mill of the
same company had shut down. It also appears that
although a statement"was made at the opening of this
our people at present moreover, even ii
they had it in mind to fight, they would not select
Germany. We are always inclined first to measun
our antagonist, and then to feel the popular pulse
We need not discuss the matter here further thtin tc
say that the cause would have to be very grave tha
would permit the Government to approach even th*
suspicion of such an event as suggested without out
raging public sentiment to an intense degree.
fight
in
;
Probably the most active influences of the wej
have been connected with the general condition
What we ha|
trade and the approaching election.
said above and during recent weeks with reference
the iron gand steel trade exposes a prominent featur
Production of goods a
in the industrial condition.
the high prices now prevailing has^ resulted at th
moment in a quite general excess of supply of good
over the current demand for them. Besides that, th
average opinion favors the view that the electioi
added to the high prices, is likely further to lesse
;
consumption, and as a consequence railroad earning
steel trade, aggravated a few weeks since by the dra
not think, as matters stand to-da,^
matic operations of the Steel & Wire Company, will will fall off. We do
for a lack of confidence wit
have proved in some degree less serious than was feared. that there is any cause
A decideelly unsatisfactory disclosure was the resigna- reference to the outcome of the November contes
material exists for an unhappy horoscope, an
tion on Tuesday of Messrs. Seligman and Strauss from But the
is the case it is sure to be made much of I
the directory of the Steel & Wire Company, in which when that
are interested in magnifying unfavorab
they had been the representatives of the banking firm those who
The hope was conditions. An important class of material ready f<
of Messrs. J. & W. Seligman & Co.
is contained in the announcements fro
that the Messrs. Seligman & Co.'s representatives their use
those who were prominent go
would stay in and the opposition walk out ; had it so week to^ week, by
years
ago, of a purpose to vote th
four
happened, the action would have had a speedy and democrats
the man they rejected before, if the silv
favorable infiuence on the general market. Unexpect- year for
plank in the platform is changed into a straddle. V
edly, and at this juncture, Mr. Gates, the financial
gross exaggeration to make the
manager having, as is reported, caused the President believe it to be a
Ic
haviDg filled that office and the vacant announcements cover the large body of those who
week with much detail that several of the mills of the
Steel & Wire Company which were closed about a
month ago had started up again, the then President
of that company (now displaced) has since announced that there is no truth in the statement; he added, however, that he thought two
of them might start running next week. If this latter
announcement proves correct, the action of the Federal
Steel Company, which was due, as is reported, to the
stoppage of the Steel & Wire mills, ought to be a
short affair and if so, the situation in the iron and
—
to resign,
and
!
May
THE CHRONICLF.
13, 1900.]
Bryan
those men chester correspondent, which we print on
a subse-'
him under any declaration quent page and which we advise our
readers to
their party in 1896 to vote against
as a class will never vote for
915
;
He represents, as
of principles that can be prepared.
no other man in the United States does, unsound
money, and that is an issue far beyond any other in
importance it stands at the basis of character and
It may be said, in view of the recent legisbusiness.
lation, that Bryan if elected cannot do any harm to
our currency. We are not so sure of that. We are
only sure that he would do all the harm he could,
and a knowledge of that fact will be the only fact the
large majority of our people will need to determine
There is consetheir vote when election day occurs.
quently no good reason for the disturbed feeling; but
such a matter is not controlled by reason, it is dom
inated by sentiment; and, until the nominations are
made and the contest is far enough under way to permit of a fair forecast to be figured out, we do not
look for any decided improvement in the condition of
our markets.
—
peruse, he points out that since the middle of March
buying has visibly slackened, falling within the
three weeks to quite insignificant dimensions.
The markets of the world are so closely
connected now-a-days that one is not surprised
to hear that the developments here are having
a
last
marked
Germany.
The "National
weekly report, remarked
that the question whether the United States, because
of overproduction, would throw its surplus goods
upon the European markets at low prices was giving
deep concern to the London and Continental bourses,
and had caused a revulsion of prices for dividendpaying paper everywhere, and particularly in Germany.
There is nothing alarming in all this. On the coneffect
likewise in
ZeituDg" of Berlin, in
its last
would be alarming if the reaction
had failed to come. Prices in nearly all industries
had been pushed so high that conservative people
A number of incidents have occurred this week were becoming apprehensive as to the outcome. New
confirming what we have said above with reference to enterprises were in many instances being held in
high prices having stimulated overproduction, lead- check. The decline will operate to increase consumping now to a reaction. The American Smelting & tion and thus prove beneficial in the end, removing at
Eefining Company has twice within a few days marked the same time the unsold accumulations of goods,
down the price of pig lead. The first time the quo- which had become a threatening feature in many of
tation was reduced from $4 70 per one hundred the markets.
Andrew Carnegie stated the situation
pounds, free on board vessels at this port, to $4 40; in a nutshell in his interview with a representative of
This means altogether the Associated Press in London on Thursday when he
the second cut was to $4 25.
a break of 45 cents, or $9 per ton. Early in the week declared that the recent drop here in the iron and
the "New York Times" printed a dispatch from Louis- steel market was merely a transition from fictitious to
ville, dated May 7, saying there had been a decided real values
that such famine prices as had been
trary the situation
—
making reached were
The dispatch quoted
falling off in the trade in plumbers' supplies,
it
necessary to lower prices.
Theodore Ahrens, President of the Ahrens & Ott
Manufacturing Company of Louisville, and also
President of the Standard Sanitary Manufacturing
Company, as stating that since the Ist of the
year there had been declines in many articles of the
trade.
He added that he thought the steady progress
of the downward movement would soon set matters
right.
impossible to prove lasting.
As bearing upon the condition of the iron trade, the
usual monthly tabulation published by the "Iron
Age "
of this city possesses
moment.
unusual interest at the
The
returns show that after the falling off
in production the previous two months there was during April an increase again, bringing the weekly
capacity of the furnaces in blast
per week to 293,850 tons.
It
up from 289,482 tons
is important to note
the metal trades alone that reveal signs of that notwithstanding the recovery the total is not as
this kind.
Last Saturday news came from Chicago large as on February 1, when the output was 298,014
that the leading book-paper mills in the West had tons, or on January 1 or December 1, when the
Nor
is it
decided to close on account of overproduction.
On amounts
were, respectively, 294,186 and 296,959 tons.
Evening With these exceptions, however, present production is
Post" of this city in his usual weekly despatch noted unexceled, and it is at the rate, it will be observed, of
that a decided change had occurred in east-bound over fifteen million tons a year.
Stocks are not yet
"
traffic.
Cars were scarce a few weeks ago, and side- large, but they are steadily even if but slowly increasDuring the late month the addition was 43,545
tracks in Eastern yards here were crowded with loaded ing.
cars which the roads were unable to move readily. tons, and there has been a larger or smaller increase
Now most of the tracks are filled with empties. Busi- every month recently. The "Age's" figures never
ness has fallen off to such an extent that freight include the holdings of the steel works producing
officials of all Eastern lines are complaining about the their own iron; furnace stocks, sold and unsold, indelight traffic."
Symptoms of a reaction are observable pendent of these, are reported 241,077 tons May 1.
also on the other side of the Atlantic.
The London Last December the amount was 113,693 tons.
"Economist," in its issue of April 28, begins an
article on " The Position of the Coal Trade " with the
The winter-wheat crop this year from present in"
declaration that
it is no longer open to doubt that dications will be considerably larger than that of last
the high prices of coal are having a serious effect on year. According to the Agricultural Bureau's report
the industrial situation. From all parts of the country issued Thursday afternoon, the average of condition
we hear of a distinct abatement in the stream of new for the whole country increased over 6 points during
business and from all parts the explanation is that April, and on May 1 was 88*9.
On May 1 of last year
high prices have checked the placing of fresh orders." the condition was reported only 76*2 and later further
In the cotton goods trade also high prices have had a declined. The Bureau finds that a good deal of land
tendency to cause overproduction and check con- has been plowed up, the plant having been wintersumption. In an article from the pen of our Man- killed, so that on May 1 only 26,585,000 acres
Monday the Chicago correspondent
of the
*'
THE CHRONICLE.
916
were
than
the
fall.
But the
and
under
acres
less
area estimated to have been sown
last
cultivation,
same
notwithstanding
now
area
under
or
3,563,000
thing happened last year,
the present reduction, the
wheat
at 26,585,000
acres
is
larger than the area harvested in 1899, which was but
25,820,737 acres. One fact, however, should not be
overl©oked, and that is that the condition varies
widely in different sections of the winter- wheat belt,
and indeed
[Vol.
LXX.
bidding the dealers in the metal, and also influencing
the Continental markets. The shipments of gold this
week reach $3,855,300, all to France, the details of
which we give below. In this connection it is noteworthy that the Bank of France this week reports a
gain of £621,000 gold, which was probably due in part
to the receipt of the 1500,000 gold shipped hence
April 26. Influenced by this gain in gold and possibly
also by prospective arrivals from New York, open
same sections. market discounts at Paris declined to 3^@3f per cent.
The details by States, which we give on page 955, and With this exception, unofficial discounts at the chief
which we have specially procured by telegraph, should centres remain without material change compared
therefore be carefully studied. It will be seen fr»m with those ruling last week, rates at London being
that statement that in Ohio the average this year is only 1-16 of 1 per cent and those at Berlin but ^ of 1
only 59, against 82 last year, and in Indiana but 44, per cent lower. The statement of the New York
against 68. On the other hand, in Illinois, the prom- associated banks last week showed a much greater
ise is represented by 86, against 54; in Missouri 101, gain in cash than was calculated from the known
against 65; in Kansas 104, against 64, and in Texas movements of money, the increase being $3,177,400,
105, against 67.
In other words, in the Southwest, of which $2,010,900 was in specie and $1,166,500 in
where the crop was very poor in 1899, the promise legal tenders. The loans were augmented $13,221,400
this year is excellent.
On the Pacific Coast, the out- and the deposits were increased $17,092,800. The
look in California is not as good as last year, the con- surplus reserve was reduced $1,095,800, to $15,978,475.
dition being reported 81, against 96, but in Oregon The applications for the exchange of refundable
the average is made 101, against 88.
bonds for the new 2 per cents amounted, at the close
of business on Thursday, to $268,578,400, of which
The Lehigh Coal & Navigation Company has raised $217,746,950 came from banks and $50,831,450 from
its dividend rate.
Disbursements for premiums have
The semi-annual payment the individuals.
present month is to be 2^ per cent, instead of 2 per amounted to about $27,000,000.
different parts of the
in
cent as at previous semi-annual dates, placing the
stock on a five per cent basis, as against four per cent.
The company
is
an anthra\)ite coal concern,
its
rail-
road lines being leased to the Central of New Jersey,
which operates them for a percentage of the gross
earnings. The anthracite trade, as the reader knows,
has been quite good the last twelve months, and the
improved net results. For 1899,
for instance, the Lehigh Coal & Navigation showed
a surplus of $330,647 above the requirement for the
four per cent dividends, whereas in 1898 net income
fell $14,516 short of meeting the dividends.
Back in
1893 as high as 6 per cent was paid on the stock.
fact
is
reflected in
There has been no change in the official rates of
discount at any of the European centres this week,
and it may be noted that these rates have remained
unaltered since the last week in January the Bank
of England at 4 per cent and the Bank of France at
3^ per cent since January 25, and the Bank of Germany at 5i per cent since January 27. One notable
feature of the week has been an advance in the price
for American eagles and for gold bars in the London
bullion market on Monday to 76s. 3|d. per ounce for
the former and to 77s. d^d. per ounce for the latter,
followed on Wednesday by an advance by the Bank of
England in the bid price for American eagles of half
a penny, to 76s. 4d.
This action by the Bank would
seem to indicate an urgent demand for gold, though
such action may be taken simply in lieu of an advance
in the Bank minimum, which may be regarded as undesirable in view of the existing interior monetary
situation.
The Bank managers could scarcely expect
to deflect the gold shipments from New York by so
slight a rise as half a penny per ounce in the price of
—
Money on
representing bankers' balances, has
loaned at the Stock Exchange during the week at 2|
call,
per cent and at 2 per cent, averaging about 2^ per
On Monday and on Tuesday
cent.
and
loans were
made
at 2 per cent, with the
bulk of the
business at 2 per cent.
On Wednesday and on Thursday the transactions were at 2-^ per cent and at 2 per
cent, with the majority at 2^ per cent.
On Friday the
loans were also at 2^ per cent and at 2 per cent, with
the bulk of the business at 2^ per cent. Banks and
trust companies quote 2 per cent as the minimum.
There is a good inquiry for time money for periods
beyond four months and only a moderate demand for
at 2^ per cent
shorter dates.
The
offerings are liberal for sixty days
months, but some of the banks and other
indisposed to make contracts which
will mature after the beginning of September, the
reason assigned being that there will naturally be
to four
lenders
more
are
or less uncertainty in the fall regarding the re-
sult of the Presidential election,
which doubt
until
it
shall be dispelled in November will be
an influence upon business and the financial situaQuotations for time loans are 3 per cent for
tion.
sixty to ninety days, 3^ per cent for four months and
3^@4 per cent for five to six months on good mixed
Stock Exchange collateral. Some ninety day to four
months' loans have been made at 3^ per cent on good
mixed railroad properties and an assortment of 25 per
cent listed industrial stocks. There is a good and indeed quite a general demand for commercial paper,
while the supply is only moderate and somewhat less
than it was a year ago at this time. Rates are 3|
per cent for sixty to ninety day endorsed bills receivable, 3|@4^ per cent for prime and 4^@5^ per cent
eagles unless, indeed, they likewise intended to make for good four to six months single names.
advances on the metal in transit, as, it may be noted,
was done concurrently with the advance in the
The British army in South Africa appears this week
price of gold by the Bank last December. Therefore to have swept onward toward Kroonstad, the Boers
the movement may be for the sole purpose of retain- retreating before the advancing column. The caping control of the domestic bullion market, by out- ture of Winburg was effected on Sanday, and General
likely to
have
.
.
May
THE CHRONICLE.
12. 190().J
917
Roberts on the same day crossed the Vet River, near and for cables were reduced one- quarter of a cent, to
Smaldeel, the Boers retiring on the Zand River. The 4 88@4 88i for the former and to 4 88f @4 89 for the
rapid pursuit by General Roberts caused the Boers to latter. The market was dull and steady and it was
retreat across this river on Wednesday, closely fol- unchanged in tone and entirely inactive thereafter.
lowed by the British. It was reported that General The only alteratiou in rates was a reduction of 1-16
Roberts's
advance column consisted of
from of 1 per cent in sight francs and an advance of
10,000 to 12,000 mounted men, besides infantry the same amount in sight marks on Tuesday. The
and artillery, and that it covered a territory twenty following shows daily posted rates for exchange by
miles wide. The Bank of England minimum rate some of the leading drawers.
of discount remains unchanged at 4 per cent.
The
DAILY POSTED BATES FOB 70BBI0H BZOHANQB.
cable reports discounts of sixty to ninety day bank
The open market rate at
bills in London 4 per cent.
Fri..
MON.. Ttnis., Wbd., THtm.. FBI.,
May 4. May 7. May 8. May 9. May 10. Hay
11.
Paris is 3i@3f per cent, and at Berlin and Frankfort
4|@4| per cent. According to our special cable
from London the Bank of England lost £12,329 bullion during the week and held £32,324,183 at the close
of the week.
Our correspondent further advises us
it is
that the loss was due to the export of £30,000 to Cape
(South Africa), to shipments of £25,000 net to the in-
Great Britain and to imports of £43,000, of
which £28,000 were from Germany and £15,000 from
terior of
Brown Bros
\f,^^r^-
BariDK.
J
4 85
4 89
4 86^
60 days.
86
89
Magoun & Co. .{Sight.... 4 80>«
Bank British
485
5 60 days.
489
486
No. America,...{sight....
Bank of
«
Montreal
Canadian Bank
of
Commerce.
.
60 days.
)
Sight.
4 89
<
60 days.
486
(
Sight...
4 89
486
Heidelbach, Ick- J 60 dajs.
elbelmer & Co. l Sight...
4 89
485
LaxardFreres...{|?gf,y«: 4 89
Merchants' Bk.
of Canada
(60 days
4 85
Sight...
4 89
I
86
86
89
89
g5«
89H
88«
85»
89«
96
89
86
89
86
89
85
89
85
89
85
89
86
89
86
89
85
89
85
89
85
89
85
89
85
89
86
89
86
89
86
89
85
89
85
89
86l<
~85
85
89
89
85«
sm
85K
86
89
85
89
86
86
89
86
89
86
89
88
89
86
89
86
80
sm
89
86
89
85
89
85
89
Australia.
The market
The
foreign exchange market has been almost stag-
nant and devoid of special feature this week, which
condition is due to the fact that rates are so close to
the gold- exporting point as to check dealings in
exchange. The inquiry for remittance to Paris is
being satisfied by shipments of gold, and the demand
for remittance to London appears to be in suspense,
awaiting the offering of increased inducements by the
Bank
of
England
for the export of gold.
The above-
closed dull and steady on Friday, with
rates for actual business 4 84^ @4 84| for long, 4 88^
4 88i for short and 4
88|@4 89 for cables. Commercial
on banks 4 84@4 84;^^ and documents for payment
4 83i@4 84| cotton for payment 4 83^@4 83f cot;
;
ton for acceptance 4
ment 4 84^ @4 84|.
84@4
84^, and grain
for pay-
The
following gives the week's movements of
to and from the interior by New York banks.
money
noted action of the Bank in advancing the price of
Received hi/
Shipped by
Net Interior
Week Ending Ma/y 11, 1900.
American eagles to 76s. 4d. per ounce tended to
N. Y. Banks. N. T. Banks.
Movement.
lower the gold- exporting point for sterling only one- Currency.
97,460,000
»S,e46,000
Oaln. {3,814,000
649.000
428.000
Gain.
£21,000
quarter of a cent, leaving it half a cent below the rate Gold
Total
gold
and
legal
tenders.
•8.109,000
$4,074,000
Oaln. 14,035,000
at which gold could be forwarded without loss.
Therefore, unless the condition of the market shall
With the Sub-Treasury operations the result is as
change, the price of gold will have to be moved
follows:
upward by the Bank of England to 76s. 5d. before
the metal can be shipped. There seems to be some
Into
Out of
Net Change in
Week Ending May 11, 1900.
Banks.
Banks.
Bank HoJdinii*.
expectation, however, that the Bank may, instead of
$4,074,000
Gain. $4,035,000
raising the price of gold, make advances on the con- Banks interior movement, as above $8,100,000
Snb-Treasury operations
21,200,000
23,200,000
Loss. 2,000,000
signments in transit. This would enable shipments
Total gold and legal tenders.
129.309,000
$27,274,000
Gain. $3,035,000
to be made against cable transfers, and at a profit,
instead of
against sight sterling.
commercial
bills
The
offerings of
have been moderate, and chiefly condrawn against provisions and commodities other than grain or cotton.
There was a shipment of $2,855,300 64 in gold bars to Paris by La
Champagne on Thursday, the exporters of the gold
being Baring, Magoun & Co., of the round amount of
The
following table indicates the
In the principal European banks.
amount
May
May
of bullion
fined to those
Bank of $500,000, Lazard
Freres of $600,000 and Goldman & Sachs of $1,250,000.
The shipment of gold bars last week was of the
exact amount of $2,112,162 03, making, with this
$500,000, the National City
week's export, $4,967,462 67. Including the $500,000
gold coin shipped on April 26 and that which was exported May 3—1500,000 American and $100,000 Span-
— the
Bank
10, 1900.
11, 1899.
o)
England
rrance
Germany*
BuBsia
AnB.-Hung'y+
Spain
Italy
Netherlands..
Nat.Belg'm*..
QoVL
S\Xvtr.
Total.
Qold.
Silver.
TotaL
£
S.
£
£
£
£
82,324,183
82,324,183 80,897,636
80,307.680
78,692,286 45,568,630 124,160,916 73,039.114 48,230,971 121,270,085
26,928,000 13,87^,000 40,800,000 29,691,000 15,295,000 44,980,000
83,832,000 7,272,000 91,104,000 97.123.000 4,630,000 101.753,000
87,603,000 9,279.000 46,882,000 30,037,000 10,496,000 40,533,000
13,689,000 15,717,000 29,486,000 11,654,000 12,679.000 24,333,000
15,463.000 1,635,000 17,088,000 15,504,000 2,659.000 18,163,000
4,867,000 6,931,000 10,818.000
3,833,000 6.811,000 10,641,000
2,991,000 1.496,000
4,487,000
3.079,000 1,510,000
4,619,000
Tot.thi8 week 296.279.469 100820330 397,100,099 294.857.800 102310971 896,698,771
Tot. prev. w'k 294,072,998 100457237 394.630,285 293.411.003 102560638 395,971,6U
t
The Austro-Hungarian Bank Statement
is
now Issued
In Ba-onen
and Hel-
shipments thus far have amounted to ler Instead of Gulden and Kreutzer. The reduction of the former currency to
sterling £ was by considering the Gulden to have the value of 50 cents. Ai
$6,067,462 67. Gold received at the Custom House the Krone has really no greater value than 20 cents, our cable correspondent In
London, In order to reduce Kronen to £. has altered the basis of conversion by
during the week was $6,905. The Assay Office paid dividing the
amount of Kronen by 24 Instead of 20.
$900,407 74 for domestic bullion.
• The division (between gold and sUver) given In our
table of coin
Nominal rates for exchange are 4 85@4 85-J for and bullion In the Bank of Germany and the Bank of Belgium Is made
from the best estimate we are able to obtain in neither case Is It
sixty day and 4 89@4 89i for sight, with all but one
claimed to be accurate, as those banks make no distinction in their
Rates for weekly returns, merely reporting the total gold and silver, but we
of the drawers posting the lower figures.
actual business opened on Monday unchanged for believe the division we make is a close approzluiatiou.
ish coin
;
long,
1
.
last
note.—We receive the foregoing results weekly by cable, and wlille
at the close on Friday of
°°' *^ **' *^® date given at the head of the oolunm, they are the
1
C41 1.
t
1^i.
T
84f, but rates for short sterling ' returns issued nearest to that dat^that is the lateat reported agurea.
compared with those
,
J.
A
CA
I
^
1
week, at 4 84i@4
t
'
J.
i.
—
THE CHKONJCLE.
918
THE HAWAIIAN GOVERNMENT
By
—
its legislation
ACT.
of this session, Congress has been
and creating precedent in a measure
probably witnessed by no Congressional session since
Eeconstruction. The G-old Standard Act will of itself
stand as a notable landmark in our history. But the
Gold Standard Law was less a new departure in legis-
making
history
forward step in a progressive
movement begun as long ago as the Public Credit Act
of 1869.
The movement has been interrupted, impeded, diverted; but there has never been any real
lation than a single
[Vol.
LXX.
putes which have shaken Austria's Legislature. This
Legislature may not grant special or exclusive franchises without the approval of Congress,
and
it is for-
bidden to authorize banks of issue or lotteries. Neither the Legislature nor the courts are allowed to
grant divorce except after two years' residence, so that
the peculiar industry built up some years ago in the
Dakotas will not extend to the Pacific Islands. As in
existing Territories of the United States, Hawaii
is
to
be allowed a delegate to the Federal Congress, elected
by the people, this delegate to have a seat in our
House of Representatives, with the right of debate,
but
on
not of voting.
doubt as to its normal destination. The
The Governor of Hawaii is to be appointed by the
which the Finance Bill of 1900 was eventually drawn
were clearly marked out by the experience and discus President of the United States, with the consent of
this qualification is
sions of a generation; the real problem was, whether the Senate, and he must be
the Act would or would not go as far as the teachings important a citizen of Hawaii. The Secretary of the
Territory is to obtain his office similarly, and each is
of the generation indicated.
governto
have a four-year term. The other executive officers,
permanent
establishing
The problem of
mental systems for our new island possessions was including Treasurer, Attorney- General, Auditor, Suvery different. We had at the start no precedent perintendent of Public Works, Board of Registration,
whatever to guide us, except the historic expedient Inspectors of Election, and others, are to be named by
of Territories within our own geographical boundaries. the Governor of the Territory, with the advice and
But a good part of our people have always regarded consent of the Hawaiian Senate. The Supreme Court
the Territorial government as a makeshift, contrived justices, however, and the Circuit Court judges are
to bridge over a period until the designated por- to be named by the President of the United States.
Consideration of the foregoing outline of governtions of the public domain might safely be admitted
Even those who regarded the Territorial ment will show that the relations of Hawaii to the
as States.
expedient as a normal outgrowth of our Constitution, ^nion are now identical with those of New Mexico
Its citizens are declared to be citizens
nevertheless recognized that the Territory was nor- and Arizona.
mally destined to become in the end a State. We of the United States a privilege explicitly withheld
have frequently had occasion to point out why that from Porto Rico. It is undeniably nearer to statehood
precedent, as applied in our island acquisitions, was than Alaska. Its voice will be heard officially in ConIn some at gress; unless the general precedent invoked in the law
certain to be repugnant to our people.
least of these new possessions, precedents wholly new is deliberately abandoned, Hawaii will eventually exercise in the United States Senate all the powers conto our history had to be established.
ferred on New York or Massachusetts.
One principle has been definitely fixed already
lines
—
—
—
that the method of providing for the several outlying
dependencies need not be uniform. Since the adoption within a
week
of the so-called
"Act
to provide
a government for the Territory of Hawaii," we have
four separate forms of administration in our four
chief
dependencies.
Cuba
is
sustained
practically
by military rule, pending construction of an indeThe Philippines are
pendent native government.
under martial law, without definite plan or provision
Porto Rico is to all intents and purfor the future.
poses a subject province, with certain very restricted
rights of self-government conceded to the Poito
Ricans.
Hawaii, unlike
the footing traditionally
all
the others,
known
is
admitted on
as that of a Territory
of the Union.
The
gist of the statute
tion of Hawaii
is
governing the future posi-
The islands are constion much the same general basis
as follows
:
tuted into a Territory
as the present so called Territories of the Union.
Citizens of Hawaii are citizens of the United States,
and one year's residence in Hawaii shall constitute a
United States citizen into a citizen of Hawaii. Existing Hawaiian laws shall continue in force, '^subject to repeal or amendment by the Legislature of
Hawaii or the Congress of the United States," certain
however, being revoked. A legislature with a double chamber, elected by the people of
the eight Hawaiian islands every second year, is to
frame purely domestic laws ; the Senate comprising
fifteen members, the House of Representatives thirty.
All legislative proceedings are to be conducted in
English a reminder of and a barrier against the disspecified laws,
—
We
are
still
of the opinion that this long step to-
wards the stretching of the Union's membership into
remote parts of the globe is unfortunate. Probably,
however, all circumstances considered, the disposition
which has been made of the Hawaiian governmental
problem was inevitable a probability rather forcibly
indicated by the fact that, whereas the Porto Rican
bill passed Congress only in the teeth of the bitterest
opposition, the Hawaiian bill hardly evoked debate,
and was passed almost without a show of legislative
In short. Congress seems to have concluded
hostility.
that in this, as in so many experiments of governThat taken,
ment, it is the first step which costs.
As our readers will rethe others cannot be avoided.
matter on which we
it
was
this
view
of
the
member,
based our opposition to Hawaiian annexation from
—
the
first.
cannot be denied, however, that the "Territorial"
expedient, whatever may be its other unpleasant features, really simplifies the problem of initial legislation.
Hawaii is not, like Porto Rico, left hanging between
earth and heaven as a community which is officially
neither an independent State, nor a subject province,
nor an integral part of the United States. The vexatious problem of internal taxes and import duties, which
attaches to the Porto Rico settlement, disappears at once
with the provision of the statute in the case of Hawaii
that "the Constitution and all the laws of the United
It
States shall have the
same force and
effect within the
elsewhere in the United States."
The unfortunate part of the Porto Rican matter
that which complicated the problem beyond even
said Territory as
—
May
THE CHRONICLE.
13, 1900.1
general considerations of government
919
—
was the estab- indeed the inquiry has been visibly slackening for at
lishment of an import tariff for the island which was least a month past. In short, merchants are **unnot the tariff of the United States nor yet, strictly loading" and awaiting further developments before
speaking, a revenue tariff, and which nevertheless entering the market again in force.
Meanwhile
had to be imposed without the assent of the Porto prices are slowly adjusting themselves, rising little by
Rican people. We do not need to enter into the little abroad and lowering as tardily in IManchester.
merits of that decision; the matter is settled, and it
The process of adjustment is hindered, however, by
was doubtless settled in accord with the honest judg two considerations. One of them is that merchants
ment
of the majority in Congress.
The Act
tem- have yet substantial quantities of goods bought previporary, and all the revenue collected under it is to be ously to receive at prices below sometimes a good
turned back into the P.)rto Rican treasury. It may deal below those now current. These have still to be
have been the only effective way of raising the needed worked off. The other is the foreshadowing of what
revenue.
Nevertheless, when the violent division of are expected to be very large cotton crops in America
public feeing aroused on the question is recalled, it is and Egypt. The Indian crop is not in the question,
some consolation to feel that in Hawaii's case this for the one now coming to market is a very poor one,
is
—
—
particular problem
is
settled in advance
and
finally.
the next
cotton
THE OUTLOOK IN THE MANCHESTER
COTTON GOODS MARKETS AND THE
BRITISH COTTON INDUSTRY*.
Manchester, May 2, 1900.
is
is
twelve months off ; and moreover India
little used in Europe except when American
scarce
penriy per
is
—
and dear. The wide difference about a
pound between the prices of American
—
and November deliveries in Liverpool also encourages the belief that to postpone the buying of
The condition of the distributing markets for cotton goods in quantity is good policy. No doubt an equagoods throughout the world is becoming a question of tion will be found as soon as or even before the
much interest. Within the last twelve months man- cheaply-bought goods are disposed of, especially if the
ufacturers' prices of cloth in Manchester have ad- prospects of the American crop, after the acreage is
vanced to the average extent of about 35 per cent. determined, should promise a large yield. As a rule,
Of some descriptions the rise is much more; in others the condition of the markets for cotton goods at home
Most of it has oc- and abroad not excepting those of India and China
considerably less than this, ratio.
the
beginning
November,
and a good is healthy, and there are no signs of serious overcurred since
of
deal of it during the last four months; but throughout supply even in India, pestilence and famine notwiththe whole of the movement, except perhaps in its standing. Renewed buying on a liberal scale appears,
latest stages, buyers here, and many of those abroad, indeed, to be mainly a question of price.
Occasionbought largely often very largely for forward de ally one hears of a possible squeeze in the raw cotton
livery, and the total amount of the unexecuted con- markets at the end of the season, but hardly anytracts in the order books of manufacturers three body seriously believes in it.
Mr. Ellison of Livermonths ago was enormous, surpassing probably all pool, in his circular issued about a week ago, estiprevious records. Still, buying in fair proportions mates the total quantity of cotton of all sorts in the
went on until the middle of March, and since then it, United States on August 31st and in Europe on
has visibly slackened, falling within the last three September 30th, including the surplus stocks at the
weeks to quite insignificant dimensions. Whataie mills, at 880,000 bales, against 2,489,000 bales in
the position and the prospects now ?
1899, 2,090,000 bales in 1898 and 870,000 bales in
It must be observed, in the first place, that present 1897.
This provision is, no doubt, small, but it will
Manchester prices are in most cass relatively higher be sufficient to keep the mills going, and if, as apthan those in the distributing markets abroad. Take pearances indicate, the American crop now being
the case of India. As already stated in this corres- planted should promise well, stocks of old crop cotton
pondence, exporters here who had for many years at the ports may be allowed to run down very low.
been in the habit of awaiting orders from their cus- without exciting alarm.
tomers in India, shipping little on their own account,
It has, however, become a habit amongst Englisfk
have for at least twelve months past bought largely spinners and manufacturers to steadily pursue the
beforehand, selling the goods they had purchased af- policy of keeping their production fully sold ahead,
terwards either for arrival at specified dates or after and as soon as the opportunity is presented to them
they were Lnded and stored at the ports of consign- of taking forward orders in quantity, they are very
ment. This policy served their interests very well likely to promptly avail themselves of it, provided
indeed so long as prices were rising, and very hand- that they can cover or can see an assured prospect of
some profits have been made by merchants in this covering with a profitable margin without much defashion, not only in the India but also in the China lay.
At present spinners hold a larger quantity of
and some other branches of the foreign trade; but cotton at the mills than they usually do at this period,
since the culmination of the advance about six weeks or bought for arrival on samples (not merely "^futures"),
ago they have called a halt. Some of the largest of them and cases are not infrequently met with in which they
are selling freely at prices averaging considerably have still a surplus over and above the supply necesunder the equivalents of Manchester quotations. sary to cover their orders for yarns or cloth. In such
Others whose business is on a smaller scale or who instances they are, even now, easy sellers of descriphave bought less abundantly are not such easy sellers, tions of goods for which their production is not fully
but even they are willing to accept lower prices than under contract.
A further consideration is that for certain markets
those they would have to pay in order to "replace"
now. Except, therefore, for particular descriptions extensive seasonal buying is the rule between the end
of goods which are scarcer than others, there is very of April and midsummer.
India merchants usually
little new demand here at the present moment, and prepare then for the large demand for distribution up
country after the summer monsoon rains have ceased
* Conunanloated by our Bpeolal Correspondent at Manchester.
spots
—
—
—
THE (JHKONICLE.
920
September. A certain amount of povision has
much
already been made for this autumnal trade, bat
It is probable, therefore,
of it has yet to be arranged.
and
that as merchants are now selling freely in India,
thus getting rid of their holdings, they will before
that
long begin to buy again in earnest, provided
in
[Vol.
LXX.
ing and ice-making machines. The Illinois company
had a capital of $100,000 held in various proportions by
the plaintiffs in the present action, a consolidated cause.
It became insolvent, and on October 14 1890 made an
assignment under the general laws of Illinois, for the
one Jenkins. Subsequent
consider to the assignment, namely on April 16 1891, the comprices of goods fall to a level which they may
crop of pany, by its President and stockholders, entered into
safe without waiting for estimates of the next
Then, too, there is the seasonal demand for an agreement with the De la Vergne Refrigerating
benefit of its creditors, to
cotton.
and its President, which the latter
goods for the home and a few foreign markets which Machine Company
company subsequently undertook to repudiate, thus
usually comes in the six or eight weeks before midadversely
summer. Whether or not this will be large depends giving rise to the legal contest that has ended
mainly upon prices. The British home trade, which to the plaintiffs.
in
Under this agreement the Consolidated company
absorbs very nearly one-fifth of all the cotton spun
Refrigerating Company to
country, continues excellent, and the home covenanted with the
this
houses will buy goods freely, if prices should be at all
moderate, in their opinion. If not they will probably
place only a portion of their summer contracts, leaving the rest to be concluded later on. The intelligence of the American cotton crop will be looked for
with unusual interest during the next few weeks, not
the
only by spinners but also by operators of all kinds in
turn over
its
business and assets to the Refriger-
Company. The shareholders of the former
company agreed to assign their stock to the latter
company, which was to issue its own stock in exchange
These shareholders also agreed that for a
therefor.
period of ten years they would not enter into or become engaged in the selling or making of refriger-
ating
Manchester cotton goods market, and the Chronicle's ators or ice machines, directly or indirectly, within
States, excepting the State of Montana.
figures as to the acreage in the States, always com- the United
manding attention, will be eagerly looked for thisjyear.
The
Refrigerating
Company
part of the contract.
later declined
The
to carry
reasons for the re-
question of wages in the out its
Lancashire cotton-spinning industry has within the fusal, the Court says, do not seem to have been subThe opera- stantial ones. The shareholders of the Consolidated
days been satisfactorily settled.
It is fortunate that the
last
few
which Company sought to compel enforcement of the conwas conceded without much hesitation, but the work- tract, and the matter passed through various stages
men in the preparatory departments (card-room, etc.), of legislation until it reached the U. S. Supreme
who are paid by the week and not by piece work, Court for final adjadication.
The Refrigerating Company set up a variety of
claimed a rise of 10 per cent. For a time this larger
demand created a little diflBculty, but as the total defenses, several of which the Court has sustained.
amount of the advance, in a mill of average size, was Thus, the Court decides that a conveyance of all the
comparatively trifiing, the employers decided to yield assets of a corporation is not within the power of the
they all sign it, without
to the demand rather than run the risk of a stoppage stockholders, even though
called
for that purpose.
meeting
It is
Here is another instance of the generally formal action at a
of work.
stockholders
with
of
a
contract
corporation
that
a
conciliatory spirit which, in recent years, has marked held
the conduct of wages negotiations in the English cot- for its assets and good- will is without consideration, if
ton industry. The relations of the cotton operatives there is no corporate action authorizing the transfer,
and their employers continue satisfactory generally, since the assets are the property of the company and not
and their business negotiations are conducted with of its stockholders. But the point of most importance
On the part of the weav- and of widest interest was as to the power of a corpoorder and reasonableness.
Indeed, ration in this State to purchase the stock of other
ers no advance of wages has been asked.
the weaving department is not at the moment gener- corporations for the purpose of controlling their
ally very profitable, and some small portion of the management.
The Court lays down the accepted doctrine that the
machinery, chiefly that employed in producing heavy
goods and flannellettes, is temporarily|8topped, owing powers of corporations created by legislative act are
limited to such as the act expressly confers, and the
to the difficulty of securing remunerative orders.
enumeration of these implies the exclusion of all
By the New York act of Feb. 17 1848 it was
others.
CORPORAMANUFACTURING
RIGHT OF
provided that "it shall not be lawful for such
TIONS TO BUY STOCK OF OTHER COMPANIES.
company to use any of their funds in the purThe U. S, Supreme Court a short time ago passed chase of any stock in any other corporation."
on the question whether under the laws of this This language, says the opinion, is clear and
State manufacturing corporations are authorized explicit, and evidently covers purchases of stock
to purchase the stock of rival corporations for the in other corporations, whether engaged in the
purpose of suppressing competition and obtaining the same or difl!erent businesses. It was contended, howmanagement of such corporations. The answer is in ever, that by the amendatory Act of 1853, which prothe negative. The facts of the case are interesting, vides that "the trustees of such company may purand of course have a bearing in other similar cases.
chase mines, manufactories, and other property necesThe matter came up in connection with an attempt sary for their business, and issue stock to the amount
on the part of the De la Vergne Refrigerating Machine of the value thereof in payment therefor," the necesCompany, a corporation organized under the laws of sary permission had been granted. It was argued
New York, to obtain control of the business of the that under the authority to purchase "other property
Consolidated Ice Machine Company, a corporation necessary for their business" it was competent for
organized under the laws of Illinois and engaged in manufacturing corporations to purchase the stock of
the business of manufacturing and selling refrigerat- other similar corporations.
tive spinners claimed
an advance
of 5 per cent,
—
May
12, 1900.]
THE CHRONICLK
921
Supreme Court does not so read the Act that the Act did not take effect until after the conIts evident object, says Justice Brown, who delivered tract which is the subject of the present litigathe opinion, ''was to permit manufacturing corpora- tion was made, but from the further fact that it
tions to purchase mines from which they could ex- merely authorizes corporations to iiiuesi their funds,
tract their own ore, or manufactories of raw material etc.
The Act obviously refers to loans and not to
such as pig iron or lumber, which could furnish to purchases, since the section expressly provides that no
them material to be worked up into their own prod- corporation shall use its funds in the purchase of any
ucts; and in case such purchases involved a larger stock, either of its own or any other corporation, unoutlay than their present resources would justify, to less by way of security for antecedent debts. The
issue new stock 'to the amount of the value thereof truth is, Justice Brown observes, the Legislature of
in payment therefor.' " There is nothing to indicate New York instead of repealing the prohibitory clause
that the Legislature intended to authorize them in the original Act of 1848 concerning the purchase of
corpora- stock in other corporations, has modified it but
to purchase the stock of competing
in
other busi- slightly, by slow degrees, and in special cases, to entions
or corporations engaged
ness.
The amendatory Act of 1866 is also held able a manufacturing corporation to control more
to be
inapplicable to the cas9 under consider- perfectly its own legitimate business operations, and
ation.
That Act makes it lawful for a manufacturing has thereby manifested the more clearly its intention
company "to hold stock in the capital of any corpor- to preserve the original inhibition. Hence the con-
The U.
S.
ation engaged in the business of mining, manufactur-
not the sole, object of
ing or transporting such materials as are required in the purchase from the plaintiffs was to acquire their
the prosecution of the business of such company, so stock in the Consolidated Ice Machine Co. such purlong as they shall furnish or transport such materials chase was ultra vires as concerns the Refrigerating Co.
for the use of such company and for two years thereafter, and no longer."
The object of this Act was RAILROAD GROSS EARNINGS FOR APRIL,
evidently much the same as that of the prior Act of
Railroad earnings still continue highly satisfactory,
1853, that is, to enable manufacturing corporations to the volume of traffic remaining large and rates oi the
produce their own ore and manufacture their own raw whole being well maintained. We present below our
materials.
It clearly does not apply to a case where customary monthly compilations, covering this time
a manufacturing company purchases the stock of an the month of April, and these show that for that
insolvent rival concern which has ceased to do busi. month the revenues of roads operating 102 004 miles
ness, and whose stock is bought for the evident pur- in the aggregate increased almost 6 million dollars over
pose of preventing a reorganization, and of obtaining the corresponding period of 1899 in exact figures,
clusion
is
that "as the main,
if
—
its
patronage.
The
attention of the Court
an improvement of 12-69 per cent.
Aside from the advantage derived from the activity
and prosperity of trade, which has for so many
months past operated to swell the volume of general
and miscellaneous freight (the kind paying the best
rates), and also to enlarge the volume of the passenger
In the>
business, there were some special advantages.
first place the grain movement in the West ran very
much heavier than a year ago. In the second place
the live-stock movement exceeded that of 1899, and in
the third place the winter having been less severe
there was not that delay in the opening of Lake
navigation which occurred last year. It will be remembered that as the result of such delay the trunk
lines to the seaboard were deprived in April 1899 of
the large volume of tonnage which they ordinarily get
from the Lake lines on the resumption of water trans$5,954,421.
had likewise been
called
to an Act contained in the Revised Statutes of 1889^
permitting manufacturing companies to increase or
diminish their capital stock to any amount which may
be sufficient and proper for purposes of the corpora-
and also to extend their business to any other
manufacturing business. That neither of these Acts
was intended to give authority to corporations to purchase stock of other corporations engaged in the same
business. Justice Brown points out, is evident from a
subsequent Act approved June 7 1890, to take eilect
May 1 1891, the 40th section of which reads as
follows
"No corporation shall use any of its funds
in the purchase of any stock of its own or any other
corporation, unless the same shall have been bona
tion,
:
This
is
pledged, hypothecated, or transferred to it, by
way of security for, or in satisfaction or part satisfac- portation. The present year conditions in that respect
tion of, a debt previously contracted in the course of were again normal.
On the other hand, there were also a number of adits business, or shall be purchased by it at sales upon
judgments, orders or decrees which shall be obtained verse influences and conditions: (1) The cotton movefide
for such
debts, or in the prosecution thereof.
But ment in the South fell below that of a year ago. (2)
this The weather was very bad over a good portion of the
any domestic corporation transacting business in
State, and also in other States or foreign countries,
may invest its funds in the stocks, bonds, or securities of other corporations owning lands in this State or
such States, if dividends have been paid on such
stocks continuously for three years immediately be.
fore such loans are made, or if the interest on such
Had the
bonds or securities is not in default," &c.
former Acts given the unlimited authority to purchase
insisted upon by the plaintiffs. Justice Brown reasons,
this Act would have been entirely unnecessary, and
instead of enlarging the power previously possessed,
would have operated as a restriction upon it.
That the Act of 1890 does not prove the contention
of the plaintiffs is evident, not only from the fact
South and through practically the whole of the SouthIn Texas there were very serious floods at the
west.
beginning of the month and again at the end, the interruption to railroad operations in this last instance
extending over Louisiana, Mississippi and Alabama.
About the middle of the month, likewise, snow and
rain caused more or less interruption further west
particularly in Colorado.
kind or another were quite
(3)
of the country,
Labor troubles of one
common
in various parts
and where these did not
directly in-
terfere with railroad operations they reduced the volume of traffic that would otherwise have come to the
roads.
The
strike of the railroad hands at Buffalo,
while not having had
much
effect
on the operations of
1
THE CHRONICLE.
922
the 'New
York
Central, where
originated, did retard
it
business over some of the other roads, the Western
New York &
Pennsylvania being one of the lines
which suffered from it.
Bearing this in mind, and remembering also that
comparison is with very good earnings last year, the
fact that the improvement continues so large is parThe gains have been cumulaticularly gratifying.
For instance, the
tive for several successive years.
present increase of $5,954,421 comes after 11,818,638
increase in April 1899 and 15,967,869 increase in 1898,
besides smaller increases in the years preceding,
roads).
roads).
roads).
roads).
ian.
1 to
Apr. SO
H96
(130 roads)..
roads running to Chicago as usual fared well
in the general increase.
For the even month the
deliveries at that point were 15,561,118 bushels,
against 12,640,644 bushels in 1899.
However, it is
well to bear in
Barnings.
which occurred
roads).
in 1899.
When
^rithstanding this year's increase the receipts at Chi-
cago
still
total
for
fall
over two million bushels
April 1898, as
is
made
Year
Year
Year
Preceding
Oivert.
PreeeditiQ.
Mile).
Miles.
95,529
95.081
99,038
98,360
99.72 5
97.096
99,961
38.i47.0flD
84,253
98,360
99.726
97.096
89,691
100,870
98,334
101.731
below the
by the fol-
Since January
April.
1900
Decrease.
1899.
1893.
Wheat bush.
1.850,015
1.366,990
$
*
36.012.491 Inc. 1,227,785
642,234
87.e04.856 Inc.
Corn... bush.
Oats... bush.
Rye ...bush.
7,058,85f
6.016,537
194,550
44,663.068
44.827,232
62.891,979
38.596.197 Inc. 6,967.869
43.rOS,594 Inc. 1.818.688
Barley.bush.
942.666
203,696
601,979
161.100,764
152,196,786
139.900.961 Inc. 11,199,800
153,488.948 Dec. 1.292.162
178,212.500
164.254,924 Inc. 23.967.676
i
37,240.276
46.937.558 Ine
5,964,421
178,884.474
171.237,691 Inc. 7,646,783
216.169,879
186.729.403| Tnc .29,440,476
1.
1898.
18£9.
1900.
1.
1,841,213
4.939,140
7,478,822
6.366.660
4,956,068
7,300,661
38,926.743
39,810.472
36.080,771
5,512.912
7,762,814
160,102
30,586,589
28.0? 3 510
31.178.868
774,420
1,119,216
890.349
666,041
7.091,064
4.290,159
4,982.816
Total grain 15,561,118 13,640,644 17,730,731 82,296,946
Flour.. bbls.
729,793
396.855
314,202
4,987,386
80,732,179 79.498.353
1,949,673
1.890,072
100
137
Cutm'ts.lbs. 17.559.962 20,156,667
65,136,600 80,397.847
Pork....bbl8.
1897 ,'133 roads)..
1898 (130 roads).
1898 (12'5 roads).
1900 (116 roads)
plain
lowing.
or
Tear
94,697
99,036
repre-
falling off
the comparison is
extended a year further back, it appears that not-
Increase
Oivm.
100,870
98,331
102,C04
mind that the augmentation
sents only a recovery of a portion of the
HEOEIPTS AT OHICAOO UUKIMO APRIL AND SINCE JANUARY
Mileaoe.
April.
LXX.
The
by the following.
will be seen
1893 (131
1897 (138
1898 (130
1899 (125
1900 '.117
as
[Vol.
Lard
21.301,326
1,398
64.064.459
lbs.
4.702.4 50
6,410.332
6,415,822
20.258,084
Live hogsNo
634.684
676,698
679.311
3.009,076
860
691
21.283,683 23.965,524
a.75S.943
2,918,224
The foregoing
table brings out one other fact, to
have made allusion above, namely the
larger live-stock movement in 1900, though here also
the total for this year, while above that for 1899, is
not up to that for 1898. It will be observed that 634,684 head of live hogs were brought in at Chicago in
April 1900, as against 576,698 head in April 1899 and
679,311 head in 1898. In the case of the live-stock
movement as a whole, however, the advantage rests
wholly with the present year, the receipts having
reached 21,148 car-loads, against 18,497 car-loads in
1899, and 20,037 and 20,009 car-loads in 1898 and
which we
The expansion
in the grain
movement extended
to
the leading cereals, though in the case of wheat
it seems to have been confined to the spring-wheat
markets, the deliveries at several of the winter-wheat
all
For the four weeks
ending April 28 the receipts of winter and spring wheat
combined at the Western primary markets reached
points recording a falling
off.
11,031,669 bushels, against 9,744,384 bushels in the
same four W3eks last year. la corn the increase was
yet
more
striking, the receipts aggregating 16,573,569
Taking wheat, 1897, respectively.
corn, oats, barley and rye together, the arrivals for
With regard to the contraction in the cotton movethe four weeks this year foot up 40,091,317 bushels, ment in the South, that follows, we need hardly say,
against only 28,658,187 bushels in the same period of directly as the result of the smaller crop raised.
The
1899.
The details appear in the appended table.
shipments overland for the month were but 52,634
bushels, against
8,918,758 bushels.
RECEIPTS OF FLOUR AKD GRAIN FOR FOUR WEEKS ENDING
APRIL 28 AND SINCE JANUARY 1.
Flour.
CbhU.)
Wlieat,
(Imth.)
Com,
OaU,
Barley,
Rye.
ilmsh.)
Ctmth.)
Qyush.)
(bush.)
CMcaoo
4 wks. Apr.,1900
4 wks. Apr., 1899
SlnceJan.l, IWOO
Since Jan.l, 1899
712.37
369.448
4.969,968
1,948,673
1.328,166
1,306,640
4,917,290
7,478,822
875.070
139.145
637.010
542.455
756,700
586.600
2,840,000
3.043,031
150,060
P3,615
f 53,730
375,182
231.553
1,461,870
1.774,717
929.066
6.930.150 5,«3l,937
4.633.418 5,036.40fi
567.525
38.797.513 30,382.968 7.068.464
89.810,472 27,997,610 4,290,444
188,650
197,286
780,190
1,119,216
68^.400
886,650
664,800
287.3H0
4,113,600 4,622.200
3,472.950 2.161.771
76,300
98,6C0
431.900
604,218
3,811.915
992,140
1,095,61B
10,71').185
4,489.27(1
3,689,8(>5
33.000
14,372
162,2
169.273
MiliBaukee—
4 wks. Apr., 1900
4 wks. Apr., 1 SMS)
Since Jan.l. 1900
Since Jan.l, 1899
St.
266.900
491.300
1,698.650
2.280.700
and 92,560
while
the receipts at the Southern outbales in 1898,
ports were 190,374 bales, against 264,214 bales, and
262,429 bales respectively in the two years preceding.
RECEIPTS OF COTTON AT SOUTHERN PORTS IN APRIL, AND FROM
JANUARY 1 TO APRIL 30, IN 1900, 1899 AND 1898.
bales in 1900, against 97,693 bales in 1899
1899.
1900.
Louis—
4 wks. Apr.,
4 wks. Apr.,
Since Jan.l.
Since Jan.l,
1900
18H9
1900
1899
4'<:9,180
ToleAn
4 wks. Apr., 1900
4 wks. Apr., 1899
HInoe Jan.l. 1900
Since Jan.l, 1899
88.945
616i5
143.020
858.103
618,707
283.340
187.760
1,778.235
16,400
11.000
67,400
66,160
236.383
533.713
1,019,247
6,073,160
848.685
63,760
6.750
621.000
305.250
2,048,199
490.923
9.413,317
5.472,696
268,020
187.100
920.080
832.376
28,000
94,600
174.100
187.0Q0
9.500
78.215
62,391
372,462
376,938
270.069
9?.064
100,S8B
492.481
322.707
68.223
20.160
221,605
103.576
3.834
11,763
f 0,682
79,449
Detroit—
4 wks. Apr ,1900
4 wks. Apr., 1899
Hlnce Jan.l, 1900
Since Jan.l. 1899
119.211
1,164,407
839.756
Cleveland—
4 wks. Apr.,1900
4 wks. Apr., 1899
81nce Jan.l. 1900
Since Jan.l, 1399
125,621
185,234
672.418
626,582
895,493
3 0.605
4,171,299
2,U9,111
683.110
488,111
2.529.193
1.868,431
Since January
April.
1.
Ports.
1898,
1900.
1899.
1898.
457.622
28,976
609,710
41,487
41.727
4,376
61.636
6.134
45,704
432,361
7.158
New Orleans
64,311
121,033
106.827
37.359
7C9,47S
Mobile
5,614
10.580
36,184
4.627
13.520
12.085
68.701
8.59 J
20.574
36.603
1,197
3,695
10.720
6.080
i
e.553
10
7.578
278
73.845
408.280
57.151
86,763
6.308
1,151
7,684
32
176
13.284
23,849
15,871
929
2,38^
8,887
139,688
17.0S0
190,374
264,214
bales
aalTeston
Texas
City,
&o
riorlda
Barannah
Brunswick, &o
Charleston
Port Royal, Ac
Wilmington
Washington, &o
Norfolk
Newport News, &c
Total.
40
73,317
698,302 1,033,659
127.636
67.054
69.496
73.348
215,656
63,304
48,184
3,774
21.380
242
160,459
9,037
298,584
117.299
93,082
25,931
46,405
886
114,133
12,972
232.419 J,104,1S9 1,837,688 2.480.789
Peoria—
4 wks. Apr., 1900
4 wks. Apr., 1899
nince Jan.l. 1900
Si ace Jan.l. 1899
99,000
23 600
263,600
127,560
32.100
S6.SB0
172.660
160,150
6.421.300
6.233.300
601.200
518,660
2.622.900
2.276,660
117.000
80,260
629.350
459.300
6.000
11,400
40.800
48,000
300.261
35.0 <8
1,471,656
4,212,562
42,838
229.764
1,958,820
68.670
22,28
188,«99
28;j.4H2
17.152
10.603
95.927
263.313
103,460
169,420
2,145,900
4.808,360
313,620
489,700
2,22».e9C
4,667,110
65.320
10,80C
601.960
10.8C0
66S,650
499.000
3.3S8.800
2.568,600
187.000
1,016,000
1.281.700
l.O.Srt.860
Dnluth—
4 wkg. Apr.. 1900
4 wks. Apr., 18»9
Hince Jan.l, J 900
Since Jan.l, 1S9H
Uinfifapolis4 wks. Apr., won
4 wks. Apr., 18iJ9
Since Jan.l, l^00
Since Jan.l. 189e
394,026
1H3 926
477,450
197,800
16.090
12.f49
119,882
03,6.9
2,870.091
792,.371
J2,96a,lH0
10,338,04?
4.459.420
5,832.150
26,062.860
25.4'J9,306
35.460
3.900
14«i.816
3,900
Kansas Oitv—
4 wks. Apr..
4 wks. Apr.,
Htnoe Jan.l,
Since Jan.l,
822 259
1900
1899
1900
1899
lotol or all4 wks. Apr., 1900
4 wks. Apr.. IH'»9
Since Jan.l, 190
Since Jan.l. 1890
'
679.000
3,177,309
6,3tf 1,950
1.747.8BB
876 207
11.031,669
9.744.384
7,862.210
58,8fl8,4«7
S.fi42.237
57.086.087
284,000
816,000
16.S73.56B 9,908.704 2.812.'179
369.796
8.918,758 8.481.438 l,0-<9.509
424.088
79,333.057 49.025.88fl 14,126,958 1 752.80.'->
7.3.5.16.605147 612,655 7.791.573 2.849.824
Iq the case of the individual roads, the New York
Central leads all others for amount of gain, reporting
$503,116 increase. It is only fair to say, however,
that this follows some loss last year in the same month,
occasioned by the delay in Lake navigation already
referred to, and furthermore that 8145,347 of the increase is due to the inclusion in 1900 of the operations
of the Fall Brook system, which was not embraced in
Out of the whole 117
the results the previous year.
returns
our
to
statement, only 16
roads contributing
show losses, and the falling off in these instances is
due to bad weather or some special adverse influence
).).......
.
.
... ..
May
The decrease of $78,490
International & Great Northern in the
peculiar to such roads.
shown by the
following
attributable to the floods in Texas.
PBISCIPAL CHANGES IN GROSS EAKNINQ8 IN APRIL,
Increases.
Increases.
923
BABNINOS OF SOUTHWESTERN GROUP.
April.
itoo.
Midland.
18«,t97
114.688
117,494
133.527
184,941
Den.&RloGr.
769.000
250,290
431,781
880,6( 3
74»,l0l
647,787
891.438
396,608
562,94fi
680,224
328,780
336,010
810.162
277.276
351 ,382
238,217
Mo.P.&Ir.Mt.
2,359,000
?.128,23i
2.170.281
R. Gr. West
9t. L. & S. Fr.
376,900
601,096
427,900
679,870
280,000
274,15'^
581,118
424,160
571,343
633.819
6,730.976
6,321,605
6,215,707
1898.
Baltimore & Ohio
Northern Paolflo
Chic. Mil. & St. Paul,.
Gt. Northern System.
Mexican Central
Canadian Pacltlo
nilnols Central
Southern Railway
Louisville* Nashville
01eve.01n.Chlo.<&St.L.
Grand Trunk System.
Wabash
Mexican National
Hocking Valley
Mlssoui i Paclflo
&
Ohio...
Norfolk & Western....
Minn. St.P. & 8.8te M..
Buflf. Rooh.&Plttsb'rg
Rio Grande Western..
Kan. C. Ft. So. & Mem..
Mo. Kansas & Texas..
$603,116
479,014
373,491
347,704
329,760
269.371
264,688
240,875
207,803
£07,094
195,069
179,847
171,858
138,741
138,109
130,766
126,727
116,258
104,531
10?,521
96,900
95.711
70,341
& Western Sys..
& Ohio Central
& Ohio
Pitts. Bess. & L. Erie.
Elgin Joliet & East'n.
Colorado Midland
Chic. Indpls & Louisv.
Pitts.
t
Col.
$67,753
61,619
60,927
50,558
49,917
49,899
49,775
48,188
44,255
43,540
40,H81
38,750
38,217
36,347
35,813
32,542
31,406
30,li6
Toledo
Mobile
Pere Marquette
& Wheel.
Nash. Chat. & St. Louis
Kan. C. Mem. & Birm.
Peoria (fc Eastern
Clev. Lorain
New O. & Tex.P.*
&
&
Chic. Great Western..
Louisv. Ev. & St. L
Wheeling & L. Erie....
Gin.
Col. Sand.
Hocking.
Duluth So. 8h.
All.
Int.&at.No..
K.0.F.8.4M..
Mo.K.&Tex
.
3t.L.
Southw.
tTexasft Pao.
Total
t
Decreases.
Internat'l
&
$78,490
Gt. Nor...
weather conditions are, to some extent, reflected in
the results when the roads are arranged in groups.
Nevertheless, despite these drawbacks, both the
Southern and the Southwestern groups show very
marked improvement in aggregate earnings. Our
usual group tabulations covering the last six years are
$
Galveston Houston
Ax»rU.
1900.
1899.
t
BarLOed.R.& No
Caaadian Paciac.
Ohio. at. West...
Ohio. Mil. &St.P.
Duluth S.S.&Atl
Great Northern..
Iowa Central....
Mlnn.& St. Louis
M.St.P.&S.S.M.
Northern Pacific
332.013
2,461,000
498,061
3,864,102
2C 6,618
306.3^0
2,196.312
465,619
2.916.396
170,705
t2,153,064 tl.823,294
156,411
167.876
188.947
199,187
1900.
$
6(5 613
B.&O.S.W.
C.CC.&StL
Peo.&EaBt
G.T.of Can.
D.Q.H.&M
N.Y.C.&H+
1
434,866
329.836
1897.
1896.
1896.
1
307,429
t
251.094
(
295,408
$
274,728
1,958,462
1.617,859
1.455.906
1,245.621
400,863
870,5J8
360.137
281,183
2,203,770 2,366,690
111.390
139,404
2,054.183
1,721,438
140.432
1,E 54,201
1,297,692
1.011,881
109,616
187,00.
115,666
153.77^
131,885
268.883
138,039
261,256
1,276.628 1,2-4.494
70.(96
58,216
143,658
192.966
2,685,646
143.021
388.061
106.89.-
St.Paul&Dulutb.
Wisconsin Cent'l.
128,069
98.172
110,570
413,489
447,116
91,100
131,451
1,807.735
102,541
99,e50
41,916
99,184
312,884
328.654
362,973
Total....
12,724.630 11.164,624 10.809,703 8.203.548 8.217,376
* Includes proprietary lines in these years.
+ In these years includes the earnings of Spokane Palls & Northern.
7.295,802
118.498
378.348
BARNINGS OF SOUTHBRN GRODP.
1900.
Alabama Gt. So.
Cent, of Georgia.
Chesap.ft Ohio..
Cln.N.0.& Tex.P.
Osorgia
Kan.C.Mem.&Blr
& NashT
Louisv.
Mobile & Ohiot..
Na8h.Chat.& 8t.L.
Norfolk & West.b
Southern Ry... )
Memphis Div.S
Total
»
142,296
412,C88
1,094,382
402,' 8:
125,23-
137.469
2,125,155
127,700
1899.
$
137.356
387,922
967,656
364,470
118.619
96,588
1,918,061
520,169
366.773
476,619
1,096,184
t978,926
1898.
1897.
$
9
124,790
118,294
311.180
317,629
912,933
903,032
899.656
320,661
94.431
103,606
88,826
110.833
1.773,967 1,669,408
273.069
318.871
393,228
428,866
950,320
c2.822,206 c2.114.103 1,740,726 5
799,94fc
1,489.818
97,263
8,804,569
7,927.421
7,087,48
6.461,561
1895,
<
i
102,741;
113,064
318,880
824,209
831,946
741,328
291.4C2
263,116
78.948
93,969
71,767
1,534.191
1,432,284
873,46^
1^66.464
387,190
938,lf5
832,842
1.393,(97 1.398.110
84,786
85,692
373,030
6,231,8fc0
BARNIN08 OF UIDDLB AND MIDDLB WB8TBSN ROADS.
Total.
$
1900.
1899.
1898.
1897.
1896.
1896.
..
ButtRoch. & Pitts
Chicago & Hast 111.
ChlcInd.A Louisv.
Elgin Jol.A East..
Eransv.&Terre H.
Hocking Valley...
Illinois Central t..
St.L.
N. Y. Ont. & West
Plttsb'g* West'n.
Tol. & Ohio Cent.
Tol. Peo. & West.
Tol. St. L. A K. C.
West.N.Y.&Pa..
Wheel.
& L. Erie.
Clev. Can.
Total
&
So.
1897.
«
137,046
$
<
113,019
116,920
819,(8(<
825,03
258.866
337,345
296,895
321,195
293,116
279,209
246,678
121.376
116,917
104,878
109,125
97,181
80,669
229,391
191,903
187.001
2.364,458 2,113,677 2,119,390 1,614,122
314,064
315,092
283.909
280,674
167,372
135,966
109,6C1
118,729
384,674
888,791
286,380
300,190
320,699
252,846
282,376
230,893
189.00f
200,626
140,161
138,116
73,014
66,186
71,506
58.535
129,940
171,687
154,601
165,099
279,900
272.862
218,605
249,596
156,173
95.269
128.329
125,015
81,667
55.457
58,396
57,047
6,357,724
6,e 93,451
5,318,899 4,590,042
99,508
282.369
319,296
279.150
102.431
88,819
214,011
1,838,711
290,727
117,19S
291,121
253.659
169,987
70,756
158,'
95
222.10<'
123,663
60,021
t
93.089
246.775
281,961
264,969
104,748
84,834
190,868
1,661,839
286,957
113.774
285,663
223,214
133,666
70,588
138,326
271,571
119,687
53.261
4,771.869 4,528,629
* Includes the operations of the St. Louis Alton & Terre Haute for all th«
years. The Chesapeake Ohio & Southwestern and Ohio Valley are included for
1900. 1899. 1898 and 1897, and Chicago & Texas for 1900. 1899 and 1898. Results
on Yazoo Branch are not included for 1900. 1899 and 1898.
1,818.493
195.073
487.732
856,768
477,87*
5,629,888
1,139.025
1,110.041
8,381,184
8,432,35)
7,563,956
1.613,714
1,637,887
4,258,361
3,750,245
600,271
1.161,766
157.8*7
1,517,679
72,63H
8.779,206
+ Includes after July
and after July
1896.
1.310,883
i51,32t
1,
1, 1898. the Beech Creek
1899. the Fall Brook system.
1895.
$
186,938
1,086,1(9
136.106
1,462,906
77,870
3,380,062
979,107
$
503,206
1,104,082
118,441
1,422.819
81,628
3.424,537
980,126
7.659.096
7,615.838
RR. and Waikill Valley RK.
GROSS EARNINGS AND MILEAGE IN APRIL.
of Road.
Alabama Gt.Bouth'n.
1900.
1899.
142.296
137,355
122.119
43,178
45,253
126,338
32,566
17,914
2,903,875
565,513
452,510
332,013
2,461,000
412,088
5,428
1,094,382
361,161
498,061
342,8S0
3.264,102
106,180
100,109
115,000
263,434
29,121
1.359,562
190,073
188,889
164,597
85,286
759,000
206,518
13,400
171,293
26,799
115,432
6.7 50
68.738
131,805
56,279
52,787
137.046
30,008
8,824
2.424,861
541,131
349,989
306,380
2,196,312
387,922
$
Mileage.
Increase oi
Decrease.
$
+4.941
1900.
1899
310
310
196
196
143
188
292
228
71
Al».N.O.Tex.&Pao.—
N. on.
& No. East..
Ala. <fe Vicksb
Vicksb. 8hr.&Pao..
Ann Arbor
Atlanta Knoxv.&No.
Atl.
Valdosta&W...
Baltimore & Ohio...
Balt.& Ohio Southw.
Butt". Rooh. & Pittsb.
Burl. Ced. R. & No.
.
Canadian Paclflo
Central of Georgia..
Chattan. Southern*..
OhesapeaKe & Ohio..
&
Ohio.
East Illinois.
Ohio. Great Western.
Chic. Ind. & Louisv.
Ohio. Mil. A St. Paul.
Ohio. Peoria
St.L.
8t. L.Chio. & 8t.P. \
Ohio. Term. Tr. RR..
Choc. Okla. & Gulf.
Gin. N.O. «fe Tex. Pac*
Olnn-Portsm'th & Va.
Olev.Cln.Ch.&St. L..
Peoria & Eastern
Olev. Lorain & Wheel.
CJolorado Midland. .
Col. Sand. & Hock'g.
Denv. & Rio Grande.
Did. So. Shore & Atl..
.
East
St. L.
&Caron..
aigln Joliet & East.
Evansv. <S Indianap.
& T. Haute.
Find. Ft. W. & West.
Ft. Worth & Rio Gr..
Gadsden & Att. Un..
Georgia
Georgia A Alabama.
Ga. South. & Florida
Bvansv.
1,134
125.23S
86,172
88,388
ar.Trunkof Can...
Det.Gr.Hav.&M. ] 1.813,714
at.No.— 8.P. M. &M. 1,797,688
Eastern of Minn..
Montana Central.
Gulf Beaum't&K. C.
Qllnois Central
Intemat'lA Gt. No..
Z
126.338
462.61(
861.161
342.890
171,293
116,132
367,500
510 470
39,108
358,142
901,862
fi
5,310,922
6,488,061
8,193,108
511,1;-
l,161.49:i
Hookin g Valley
Ann Arbor
678,296
1898.
190,073
,
* Fourth week not reported; taken same as last year.
t IncluJes Montgomery Division In 1900 only.
6 Inoludlug Scioto Valley & New Bnglaud and Shenandoah Valley I'or all the
rears.
c Figures for 1900 and 1899 include South Carolina & Georgia, Mobile &
Birmingham and 161 miles of Atlantic & Yadkin, and Atlantic & Danville.
t Figures are approximate, same as for 19u0j actual earnings were larger.
April.
160,101
«
1.859.662
.
96.268
154,184
336,267
890,216
88B,716
1,778.'; 57 1,729.207
199,678
199,839
478,201
118,124
3'<9,436
326,735
499.341
431,819
«
191.876
1.068,9:8
120,096
1,486,022
79.924
3.479,405
678,851
&
1896.
1
t
878.496
1899.
i
Wabash....
Name
1898.
•2,330.457 •1.956,966 1.969,727
Isl.
April.
«
Qroas Earnings.
BABNINQS OF NOBTHWBSTBBN AND NORTH PACIFIC GROUP.
Long Island
Lou.Bvans.&
1886.
1896.
& Henderson included for this year.
subjoined.
&Gr.
1887.
EARNINGS OF TRUNK LINES.
April.
Total (representing
46 roads)
$5,700,798
The smaller cotton movement and unfavorable
at. Jos.
1898.
is
N.Y. Central
Chesapeake
1
THE CHRONICLE.
13, 1900.]
Interooeanlo (Mex.)*.
Iowa Central
Iron Railway
Kanawha & Mich
Kan.C. Ft.S. AMem..
Kan. C. Mem. & Bir.
Kan. City &N. W....
Kan. City & Omaha.
231,506
123,861
21,310
367,500
2,324,45S
250,290
231,400
167,379
5.334
60,276
431,721
137,461
27,959
18,487
Lehigh & Hud. River.
38,663
Long Island RR
314.064
Los Angeles Term'l..
10,519
Lonlsv. Evans. ASt.L
167,372
Louis v.Hend. & St.L.
53,396
Louisv. & Nashville.. 2,125,155
Maoon & Birming'm.
Manlstique
Mexican Central
Mexican National..
Mexican Railway*...
Mexican Southern*..
Minn. & 8 1. Louis
Minn.8t.P.& S.Ste.M
Ho. Kans. & Tex. sya
Mo. Pac. & Iron Mt..
Central Branch
Mobile & Ohio
Mont. & Mex. Gull. ..
Nash. Chat. & St. L..
6,081
8,907
1,459,943
672,012
276.000
57,630
199,187
434.366
880,503
3,159,000
100.000
427,700
10.0.867
520,159
4,'i74
967,655
337,345
465,519
293,115
2,916.398
96,223
103.659
87,000
225,217
25,374
1,164,493
151,323
144,634
114,698
48,939
744,100
170,705
12.997
121,376
27,850
109,125
6,975
54,966
685
118,649
80,214
74,381
1,637,867
1,549,769
165,324
108,201
25,232
229,391
2,113,577
328.780
224,580
156,411
4,531
51,031
336,010
96,588
22,429
17,596
35,031
315,092
8,996
135,96f
43,694
1,918,061
3.909
6.855
1,190,572
533,271
281,500
48.024
188,947
329,836
810,162
2,044.808
83,42t
366,773
96.713
476.619
-9,686
-13,101
—7.534
—10,708
143
188
228
+ 2,560
114
+9,090
+479,014 2,047 2,047
922
922
+24,382
472
338
+ 102.531
+25,633 1.170 1.136
+264,688 7,001 6,952
+24,166 1,540 1,524
105
105
+ 1,154
+ 126,727
1,445
1.445
64b
+23,816
930
+32,542
547
+49,775
+347,704 6,376
292
+9,957
102
-3,550
287
+28,000
336
+38,217
111
+3,747
+195,069 1,836
352
+38,750
192
+44,255
346
+49,«99
273
+36,347
648
930
537
6,154
292
93
282
336
HI
1,838
352
192
34 6
273
+ 14,900
1,673
1,673
+35,813
589
689
+403
+49,917
—1,051
+6,307
13
194
146
174
+ 13,772
82
146
—225
+449
11
3071
+6,584
458
+5.958
285
+14,007
+175,847 3,707
+247.919 4,598
353
+66,182
262
+ 15,659
-3.922
75
346
+ 138,109
+ 240,875 3,996
775
—78,490
555
+ 6,820
546
+10,968
20
+803
172
+9,246
973
+95,711
276
+40.881
174
+5,530
194
+891
90
+3,63;^
379
—1.028
50
+1,523
372
+ 31,406
166
+ 9.702
+207,094 3.033
97
+2,172
59
+2,052
+269,371 2,054
+138,741 1,266
321
-5,500
227
+9.606
508
+10,240
•
13
ls^4
146
167
82
146
11
307
458
285
3.707
4.549
304
262
75
346
3.671
775
555
509
20
172
973
276
174
194
90
379
50
372
166
2,988
97
59
2,016
1,266
321
227
508
+ 104.531
+ 70.341
+ 114,192
+ 16 574
1,272
2,208
4,938
1,195
2,197
4.938
388
+60,927
87€
+ 13,154
390
935
388
687
390
935
+43,540
.
.
..
.
.
.
.
..
.
.
.....
THE CHRONICLE.
924
Orofl*
Mame
Eamingt.
of Boad,
1899.
1900.
Increase or
Decrease. 1900.
r.Y.Cen.&Hud.Rlv.J 4,253,361 3.750.245
K. Y.Ont. AWest....
363,794
384,674
Worfolk & Western.
1,095,184
978.926
Northern Pacific
2,330,457 1,956,966
.
OhloiJiver
Peo. Dec. & Evansv.
100,172
83,602
72,179
65,353
634.193
5S6,005
110.232
59,674
3,401
5,047
174,225
148,596
106,493
71,538
39,881
32,712
40,072
37,620
376,900
280,000
106,895
96,172
8,118
6,734
601,095
581.118
427.900
424,160
152,204
135,463
128,059
110,570
76,917
65,477
68,319
67,829
23,655
23,861
2.322,206 2,114,403
121,182
107,933
31.995
24,829
21,174
16.341
579,970
574,343
6,000
3.900
200,625
139.006
73.014
66.186
129910
154,601
l,310,b83 1,139,025
279,900
272,392
155,173
128,329
61,667
58,395
443.439
447,115
305,793
325.t05
Pere Marquette
&
Plttsb. Bess.
L. E..
Plttsb. Lisb. & West.
Plttsb. & Western. . .
Plttsb. C16V.& Tol.
Plttsb. Pa. &Fair..
Klo Grande South'n.
Bio Grande Western
Bt.Jos.&Gr. Island..
Bt. L. Kennett &8o..
&
St. Louis
3. Fran..
Bt. Louis Southwea'n
St. L. Van
T. H...
Bt. Paul&Dulutli....
&
Santa Fe Pres. & Phx
Ban Fran. & No. Pac.
Bher. 8brev.& South.
Southern Railway..
T.Haute & lodianap.
Haute & Peoria...
Texas Central
T.
Texas* Pacific
Tex. Sab.Val.
& N.W.
Tol. & Ohio Central..
Tol. Peoria
West'n.
Tol. St. L. & K. City .
&
Wabash
West. N. Y.
&
Penn..
& Lake Erie.
Wheel.
Canton & 80.
Clev.
Wisconsin Central..
Yazoo
&
Total
Miss. Val.
(1
17 roads).
..
Miteagt.
$
+503,116
18S9.
2.828
481
—20,880
+116,258 1,551
+373.491 6,088
224
+16.570
254
+6,826
+48,188 1,789
228
+50,558
2,585
481
1,561
4,947
224
254
1,789
+ 1,646
2H
+25,629
+34.955
+7,169
+2,452
+96.900
213
77
53
180
610
31V
44
228
28
213
77
53
180
584
312
44
1,402
1,258
1,385
1.258
158
244
224
165
155
158
244
224
165
155
6,416
80
6,235
H
10,723
+1,384
+19,977
+3,740
+16,741
+ 17,489
+10,440
+490
-206
+207,803
+ 13,249
174
+7,166
215
+4.833
+5,627 1.517
38
+2,100
371
+61,619
248
+6,828
—24,661
451
+171.858 2,357
644
+7,508
247
+26,844
210
+3,272
937
—3,676
—20,112 1,001
52,891.979 46.937..°i58 +5,954.42
1
103,00<
Includes Fall Brook system lor 1900 but not tor 1899.
1899, the earnings of that system were $115,347.
* For three weeks only.
t
GROSS EARNINGS FROM JANUARY
Name
1
80
174
176
1,492
38
371
248
451
2,326
Alabama
of Boad.
1900.
1899.
Monterey & Mex. Gulf.
Nashv. Chat. & 8t. L...
N. Y. Cent. & Hud. Riv..
N.Y.Ontario & West'n..
Norfolk & Western
Northern Pacific
Ohio River
Peoria Dec. & Evansv..
Pere Marquette
&
Plttsb. Bess.
L. Erie..
Plttsb. Lisbon
West'n
&
& Western
Plttsb. Cleve. & Tol....
Plttsb. Paines. & F'pt.
Wttsburg
Rlo Grande Southern...
Rio Grande Western
3t. Jos. & Grand Island.
St. L. Kennet & South..
Louis & San Fran
Louis Southwestern
Louis Vand. & T, H.
Paul & Duluth
Santa Fe Pros. & Phx..
San Fran. & No. Pacific
Sherman Shreve.&8o..
8t.
3t.
St.
St.
& Tex. PacN.O. ANortheasfn...
Alabama & Vicksb'g.
Vicksburg Shr. & Pac.
Ann Arbor
670.501
580.415
90.086
639.530
517,847
240,508
225,592
527,258
113,633
28,160
8,981,078
2,093.309
1,237,039
121,683
26,003
2.853
12.349
15,786
43,971
2,542,296
197,197
425,720
70,216
938,013
242,307
8.469
454,977
213.971
247,270
253,255
1,196,122
Kcoxv.
&
North'n
Valdosta .«t West..
Baltimore & Ohio
Bait. & O. Southwest...
Botf. Eoch. <fc PittsDurg
Burl. Ced. Rap. & No...
Atl.
Atl.
Canadian Pacific
Central of Georgia
Chattanooga Southern'
Chesapeake & Ohio
Chic. & East'n Illinois..
Chic. Great Western
Chic. Ind. <fe Louisv
Chlo. MUw. & St. Paul..
Chio. Peoria & St. L.. )
St. L. Chic. & St. P. 5
Chlo. Term'l Transfer..
Choc. Oklah. & Gulft...
Cln. N.O. & Texas Pac'
&
Clnn. Portsm'th
Va..
& St. L.
Peoria & Eastern
Oleve, Lorain & Wheel.
Colorado Midland
Denv. <fe Rio Grande.
Dul. 80. Shore & Atl.. .
East St.-L. & Carondel..
Elgin Joliet & Eastern.
Evansv. & Indianapolis
Evansv. & Terre Haute
Find. Ft. W. & West'n..
Ft. Worth & Rio Gr'de..
Olev. Cln. Chic.
& AtaUa Un.
Georgia
Georgia & Alabama
Ga. Southern & Florida,
Gaasden
.
tirand Trunk.. .
)
Det. Gr. H. <feMilw..$
Great No. St. P. M. <fe M.
Eastern of Minnesota
Montana Central
Gulf Beaumont & K..C.
Hocking Valley
Illinois Central
Int. <fe Great Northern.
Interoceanic (Mex.^*...
Iowa Central
Iron Railway
Kanawha <fe Michigan.
Kansas C. Ft. 8.&Mem
Kan. City Mem, & Bir..
Kansas City & Northw
Kansas City A Omaha..
.
.
Lehigh
& Hudson Rivei
Long Island
RR
Los Angeles Terminal..
Louisv. Evansv.<fe St.L..
Louisv. Hend. & St. L..
Louisville & Nashville..
Macon & Birmingham..
Manlstlque
'
Mexican Central
Mexican National
Mexican Rallwa.v*
Mexican Southern*
Minneapolis & St. Loui(
Minn. Bt. P.& S. 8te. M..
Mo. Kan. & Texas sys
228,445
539,607
129,419
72,131
11,523,374
2.290,506
1,662,759
1,471,933
8,861.946
2,114,274
28,144
4,130,519
1,712,931
2,142,516
1,307,510
12,770,478
517,113
392.956
627.228
1,530,483
112,332
5,307,663
800,647
683,194
744,239
3.117,477
771,938
53.961
680,514
106,671
458,481
31,774
158,702
4,285
586,942
452.23/
408,141
7,052.459
6.818,401
917.105
653,060
86,90<i
1,420,831
10,776,991
1.211,531
1,274,000
708,757
25,49
(
254,689
1,811,840
583,257
122,222
78,612
156.032
1,064,227
37,690
633,047
202,606
9,163,663
26.821
35.873
5.874.20h
2,630,627
1,457,200
275,911
819,858
l.&4t^,231
3,759,29o
1,401,717
7,923,933
1,871,967
19,675
3,678,542
1,498,960
1,895,246
1,054,255
11.574,356
379,336
384.160
489,460
1,275,247
87,742
4,381,181
587.100
546,339
455,974
2,849,049
618,495
42,894
566,286
109,167
410,110
30.316
162.000
2,582
546,488
385,057
297,132
6,548,449
5.508,164
699.169
596.855
87,547
889,711
9,131,956
1,239,137
1,212.080
652,730
17,373
201,842
1,499,660
468,250
96,241
73,350
157,677
1,024,067
30,794
514,33h
171,7o0
7,565,229
19,918
28,639
4,835,671
2,228,604
1,447,200
242,481
772,772
1,126,282
3,535.725
Terre Haute & Peoria..
Texas Central
Texas
486,666
339.812
243,100
125,556
10,361,984
531,482
155,271
107.275
2,765,870
34.080
758,480
339,939
579,368
5,188,882
1,072,492
636,247
258,029
1,603,455
1,636,459
8,230,535
352,954
1,464,252
408.066
1,915,057
15,017,837
1,409,248
3,714,178
7,308,883
298,699
251,661
2,181,487
271.985
15,291
543.773
288,960
112.068
146.108
1,015.801
386,105
27,685
2,334,084
1,783,571
549,866
482,817
284,177
244,693
105,753
8,889,984
443.272
119,026
91,016
2.557,585
18,550
57,571
302,011
599,336
4.540.064
1.031,819
478,569
218,840
1,547,046
1,498.823
.=)
Increase.
Decrease.
912,497
36,564
493,582
31.4i3
303,7 44
1,836,806
67,347
814,523
1,350,214
79,545
58,141
224,457
160,339
3.977
77.541
82,853
3,628
17,923
408.006
39,788
4,333
203,243
68.438
66,296
3,849
55.635
1,593
'19,803
1,472,000
88,210
36,245
16,'259
208.285
15,530
200.909
37,978
19,968
648,818
40,673
157.678
39,189
56.409
137,636
Total <116 roads)... 216,169,879 186,729,403 29,501,355
29.440,476
60,879
W<»t increase
*
30.
t
For three weeks only in April.
Earnings for March and April are for railroad only.
Montgomery Division included in 190O but not in 1899.
Decreasi
ITEMS ABOUT BANKS, BANKERS AND TRUST CO'8
—Tbe sales of
99 shares.
No
sales of trust
bank stocks at auction this week aggregate
were made at the Stock Exchange. The
sales
company
stocks reach a total of 65 shares,
all
Fifteen shares of the Western National
were sold at 450, an advance since the last previous
sold at auction.
Back
A
43 points.
sale was made this week by
Messrs. R. V. Harnett
Co., auctioneers, of 10 shares of the
Equitable Life Assurance Society at 1500 per cent.
sale, in April, of
&
snares.
BkUKS—New
York.
Price.
La^t previous sale.
55 Broadway Bank, National
244^3
19 People's Bank
10 Twelfth Ward Bank
15 Western National Bank
May 1900- 246
228
124
450
Jan.
Apr.
Apr.
Trust Companies— JVew
137,777
8.796
137,7f8
255,236
24.590
926,482
213,547
136,855
288,265
268,428
153,443
11,0H7
114,228
1899— 230
1900— 125
1900- 407
lorfc.
50 Atlantic Trust Co
5 Morton Trust, Co
5 Produce Exchange Trust Co
5 United States Trust Co
200
450
... 130
1615
Mar. 1900— 2OOI3
Apr. 1900- 455
Apr. 190O— 12038
Mar. 1900-1625
—
2,496
48,371
1,458
'3.29*8
1,703
40,454
67.180
111,009
504,010
1,310,237
217,936
56,205
The Chicago newspapers have reported sales within
a few days of small lots of Illinois Trust & Savings Bank
stock at $7C0 per $100 shares. This calls attention to the
fact that the business of some of the financial institution^
in the West is attaining dimensions and showing growth
hardly less striking than that of the banks in this city distinguished in the eame way. By its last return the Illinois
Trust & Savings Bank reports assets reaching an aggregate
of $66,389,962. The deposits at that date were reported
The growth in the business of the bank during
$59,601,610.
the last three years and the increase in the market value of
the shares are graphically set out in the following statement:
Illinois Trust
645
530,920
1,645,035
27,606
61,920
56,027
Sept. 21, 1898
1,645
<£
ings Bank.
Apr. 26,1900
Feb. 13,1900
Dec. 2, 1899
Sept. 7,1899
June 30, 1899
Dec. 12, 1898
8,117
52.t47
312,177
115,007
25.981
5,262
40,16C
6,896
118,711
30,82t
1,588,*34
6,903
7.234
1,038.537
402.023
10,000
33,430
47.086
419,949
223.56s
Railway
& Indlanap. ..
9,143,032
389,518
1,957,834
439,519
2,218,801
16,854,643
1,476,595
4,528,701
8,659,097
378,244
309,802
2,405,944
432,324
19.268
621,314
371,813
108,440
164,031
1,425,807
425,893
32,018
2.537,327
1,852,009
616.162
,
Ala. N. O.
1.66,511
.
& Pacific
Texas Sab. V. & N. W.
Toledo & Ohio Central.
Peoria & West'n
642 Toledo
lol. 8t. L. & Kan. City.
247
Wabash
210 West.
N. Y. & Pa
937
& Lake Erie..
955 Wheeling
Clevel'd Canton & 80.
v^lsoonsin Central
99.964
Yazoo & Miss. Valley..
$
6t. Southern.
.
SouTiiern
T. Haute
1899.
1900.
LXX.
For April
TO APRIL
Increase.
of Bond.
Mo. Pacific & Iron Mt..
Central Branch
Mobile &Ohlol
X
Name
[Vol.
Apr. 6,1898
Jan. 10, 1898
Aug.
2,
1897
May 11,1897
SavCapital.
$3,000,000
3,000,000
3,COO,000
3,000,000
2,000,000
2,000,000
2,000,000
2,000,000
2,000,000
2,000,000
2,000,000
Surplus and
Undiv. Prof. Deposits.
$3,788,352 $59,601,610
3,687,141
56,971,745
54,804,216
3,555,150
3,399,256
55,938,740
3,350,815
61,286,714
2.853,878
43,880,821
2,837,181
42.503,082
2,658,223
39,731,574
2,587,792
37,722,492
2,504,214
32.496.181
2,581.353
30,649,403
Bid.
700
625
850
500
550
425
425
400
390
390
340
Ask,
Sale.
450
450
405
410
410
350
It will be seen from the foregoing that, as compared with
the return made on May 11, 1897, the deposits have risen
from 30f^ million dollars to 59^^ million dollars in short
have almost doubled. In the same interval the aggregate of
the surplus and undivided profits has been enlarged from
—
$2,581,353 to $3,788,352.
The capital is now
$3,000,000 at the earlier period,
$3,010,000, against
having been increased
$t,000,-
MA.Y
13,
THE CHRONirLE.
1900.]
OOO last year. The table also indicates the steady appreciation in the value of the shares from 340 in May 1897 to 700 at
the present time.
—There
have been rumors recently suggesting a probable
consolidation of the Guardian Tru3t & Deposit Company of
Baltimore with some of the other trust companies in that
city.
The truth of these rumors is denied by President John
L. Blake of that Company. Iq an interview in the Baltimore
Sun, he is quoted as saying that his company has not only
not considered such a proposition, but that there is no disposition to take it up. Mr. Blake says the Company has a
definite line of business and is making satisfactory progress.
Its ten-story office building is expected to be completed some
time next August, and all arrangements have already been
made to occupy quarters on the main floor. He says that the
talk of consolidation is annoying to the directors and it is
the desire of the board to give the most emphatic assurance
that nothing of the kind is contemplated.
—The Lowry Banking Company
of Atlanta has
In addition to their regular business in municipal and corporation bonds, the firm will make a specialty of Canadian
securities, being, it is claimed, the first American house to
enter that field. Besides the Boston and New York offices
the firm also has offices in Philadelphia and Montreal.
— The
Constitution says that the books and accounts of the bank
were examined by a national bank examiner on April 28 and
its condition being found satisfactory the Comptroller of the
Currency at once issued a certificate authorizing the Bank to
Broad Street National Bank of Trenton, N.
J.,
besides printing its returns in circular form, also issues a neat
brochure containing the statement and giving in addition
other interesting facts about the bank and about the city of
Trenton. The bank has recently occupied its handsome new
building, which is the city's first "sky-scraper." Besides
the bank's quarters, the building contains seventy seven
offices, and is equipped with the latest improvements and
conveniences.
The Broad Street Bank began business June 1, 1887,
and declared a first dividend of 2J^ per cent December
The second dividend, six months later, was in31, 1888.
creased to 3 per cent, which amount has been paid regularly
making twenty-three dividends in all. The cap*
was originally $100,000, but was increased to $350,000 on February 19, 1889. The deposits, according to the
return of April 26, 1900, amounted to $915,934, and aggregate
assets at that date were $1,346,565. The bank has a surplus
fund of $50,000 besides undivided profits of $52,720. The
become a ever
national institution, and is now known as the Lowry National
Bank. The change dates from the first of May. The Atlanta
925
ital
since,
stock
officers are:
President, Oliver O.
Bowman;
Vice-President,
begin business as a national institution. The Bank intends William G. Howell, and Cashier, Robert J. Brace.
taking out circulating notes in order better to supply local
—At a recent meeting of the board of directors of the
wants and accommodations.
Bank of the University at Athens, Ga., Mr. John J. Wilkins
Mr. H. Bernard Coombe, who has been Cashier of the was elected President of the bank, succeeding Mr. Reuben
People's Bank of Brooklyn since its organization, has resigned Nickerson, who declined re-election. Mr. A. L. Hull having
his position in order to take up business in this Borough. resigned the office of Cashier, to take effect July 1 next, Mr,
Mr. Coombe will, however, remain a member of the board of Charles H. Newton was elected Cashier to succeed him on
directors, and also a member of the Executive Committee of that date. The annual meeting of the stockholders of the
the bank.
Mr. James Qascoigne is the President of the bank was held on April 24, when the following were elected
directors for the ensuing year: William T. Bryan, Alexander
bank.
S. Erwin, Asbury H. Hodgson, Billups Phinizy, Thomas P»
The Springfield National Bank of Springfield, Mass., has
Vincent, Joseph N. Webb and John J. Wilkins.
—
—
issued a little statement card in commemoration of the
seventh anniversary of the organization of the bank. The
bank was organized on May 6, 1893, with a capital of $200,000
and a paid in surplus of $50,000. In the interval since then
it has paid $72,000 in dividends, charged off its entire
premium account, amounting to $16,250, and reduced furniture and fixtures account $9,5f 0. Moreover, it reports a surplus now as large as the capital, namely $200,000, and has
besides undivided profits of $45,095, making together $245,095.
Its deposits on May 6, 19€0, exceeded twoand-a-half million
dollars and the bank had aggregate resources on that date of
$3,282,215. The officers of the institution are, President,
Henry H. Bowman; Vice-President, George B. Holbrook;
Cashier, Ralph P. Alden.
— According
to the " Seattle Post-Intelligencer," the State
Bankers' Association of Washington, which has been dormant since 1893, will hold a meeting in Tacoma on July 12,
13 and 14.
Our contempory says that Jacob Furth, President of the Association, is sending out notifications of the
meeting. It is stated that there will be a three days' session, divided up so as to give a day for the consideration of
business, another for papers to be read by menabers of the
Association, while the third day will probably be devoted to
elections and the entertainment of the members.
— As we stated in this column two weeks ago, the Virginia
annual convention
received a copy of
official
is
issued
in
very handsome
the
programme,
which
—According to the " Newark D^ilj Advertiser," Edward
be
quite
an
interesting
form.
The
occasion
promises
one,
to
S. Campbell, the receiver of the Middlesex County Bank, has
one feature being an address by the Hon. Ellis H. Roberts,
filed a bill in Chancery asking that the directors of the bank
be required to pay the sum of $300,000. George M. Valen- Treasurer of the United States. Mr. Roberts's theme will be
Financial Law." There will
tine, formerly cashier of the bank, is now serving a term in "Two Months Under the New
session. In the evening
both
morning
afternoon
be
a
and
prison on charges of having robbed the bank. The Receiver
Westmoreland Club,
in his bill asserts that proper attention to their duties on the members and guests will meet at the
Virginia
Bankers' Assowill
given
by
the
where
a
banquet
be
part of the directors would have required an examination of
ciation.
the stubs, comparing them with the return drafts, and in
A report has been current this week that the Corn Exthis way discovery of the fraud would have resulted. He
Bank contemplated securing from the North Americhange
alleges that during the period in which the losses occurred
the directors met as a board only once in three months, and can Trust Co. the branch of the International Banking &
at such meetings transacted no other business but elect Trust Company which was established by the latter at the
oflBcers, receive estimates from the Cashier of the earnings corner of Third Avenue and One Hundred and Forty-eight
of the bank and declare dividends. He charges that never, Street, and which passed under the control of the North
during the whole of the period so far as the minute books American Trust Company by reason of the recent merger of
of the directors shows, did the board appoint a committee to the two trust companies. We are informed, upon investigaexamine into the affaiis of the bank, or as a board, or tion, that there is no truth in this report.
through any committee, or as individuals, count or correc t
The United Banking & Savings C 3. of Cleveland, Ohio,
the cash, or make an inventory of the assets of the institu- capital $100,000 and surplus $33,930, has absorbed the Huntion, or compare the same with the ledger balances, or in garian Savings & Loan Association of that city.
The latter
any other way attempt to ascertain the accuracy of the was organized by Theodor Kundtz in 1893 to assist his embooks.
ployes in his cabinet factory, and also his countrymen, in
—The New York office at 1 Nassau Street of E. H. Gay & saving their money. It greatly prospered, and it now has
Co. of Boston will hereafter be in charge of Messrs. John 1,000 depositors and $400,000 deposits and loans. The need
Adrian Hesse and Albert Courtenay Kalbfleisch. Mr. Hesse of more factory room and the inability of Mr. Kundtz longer
who latterly had been with N. W. Harris & Co. was formerly to devote time to the supervision of the concern induced him
with the law firm of Tracy, Boardman & Piatt, while Mr. Kalb to arrange the consolidation with the Banking & Savings
The officers
fleisch gained his business experience with Baring, Magoun Company which has now been accomplished.
Meckes,
John
President;
H.
Tiedemann,
company
are:
the
of
Co., with whom he was connected for about eleven years.
State Bankers' Association will hold
have
on Thursday of next week.
We
—
,
—
&
its
now
THE CHRONICLE.
926
[Vol.
LXX.
George J. Hoffman and H. W. S. Wood, Vice-Presidents,
and Edward Wiehenson, Secretary and Treasurer. Mr.
Kundtz is a large stochholder in the company.
urer or of the State Comptroller met with opposition. It
may be noted that, as appears from the annual address by
the retiring [President, J. Harsen Rhoades, the Association
was organized in 1894, with a view, as stated by Mr. Rhoades,
—The State Bankers' Association of New York will hold "to
enable the officers of the savings banks of this State to
It is proposed to charter one
its annual convention July 10.
protect themsf Ives against unwise measures introduced in
of the large Sound steamboats and to hold the sessions of the
the Legislature and to inaugurate wise measures not only for
convention while on an extended excursion from this city to
the protection of depositors, but towards the sustaining and
Block Island and perhaps to Boston and return. The last
the'upbuilding of the syetem of savings in this State, upon
convention, it will he remembered, was held at Alexandria
which the prosperity of the mass of cur population so much
Bay in the Thousand Islands.
depends."
The outstanding currency certificates issued under the
Andrew Mills, President of the Dry Dock Savings Bank,
Act of June 8, 1872, which Act was repealed by that of March was elected President for the ensuing year, and the Vice14, 1900, have been reduced through cancellations to $6,480,000.
Presidents elected were: James McMahon of New York, Edward S. Dawson of Onondaga and C. E. Hanaman of Troy.
of
Comptroller
the
Senator
Allison
of
Iowa,
In a letter to
the Currency, Mr. Dawes exhaustively considers the ques—It was announced in this department April 21 that the
—
—
tion of reserve cities
and concludes by recommending an
to Section 5,192 of the Statutes so that under its
provisions but one- fifth instead of three-fifths of the reserve
of 15 per cent required to be kept by banks not reserve
amendment
also
agents may consist of balances due to reserve banks
that Section 5,193 of the Statutes, which authorizes banks in
smaller reserve cities to keep one-half of their lawful money
reserve in cash with central reserve cities be repealed. The
specific question which called forth this reply was what
was the opinion of the Comptroller of a proposed bill authorizing banks in cities of 25,000 population to become reserve
;
directors of the First National
Bank of Baltimore had recom-
mended
to the stockholders the acceptance of the offer of the
Equitable National Bank of that 'city to purchase the stock
of the bank. The sale of the stock seems to have been agreed
to, for on May 10 three of the directors of the First National
Bank resigned and Hugh Sisson, William C. Rouse and A. T.
Leftwich were elected in their places. The new directors,
together with John W. Hall, Theodore Hooper, Blanchard
Randall, Joseph R. Foard, Louis K. Muller and J. D. Ferguson, now compose the directory of the bank and they represent the interests which have bought the institution for
agents ?
the purpose of merger. Payment for the purchased stock of
the bank was begun on May 10.
on
of
Commerce
At the annual meeting of the Chamber
Friday of last week, Morris K. Jesup was [elected President,
and J. Pierpont Morgan, John D. Rockefeller and Andrew
'^oticts.
Carnegie were chosen Vice Presidents to serve four
years. James G. Cannon, Vice President of the Fourth NaThe Truth About the Transvaal.— Gathered from the
tional Bank, was elected Treasurer. Among the prominent
Dispatches Between the British and Boer Governments and
bankers placed upon committees were J. Kennedy Tod,
the Official Report of the Bloemfontein Conference. Paper
James Speyer, George Foster Peabody, John Harsen Rhoades,
covers, 25 cents; limp cloth, 30 cents.
Henry W. Cannon, Edward H. Perkins Jr., August Belmont,
This is a reprint of an Address delivered by request in the
George G. Williams, Gustav H. Schwab and A. Barton
Opera House, Windsor, Ont., by William Robins, Manager
Hepburn.
of Messrs. Hiram Walker & Sons' Company, Ltd., of Walker*
The annual convention of the National Credit Men's Asso- ville, Ont. The author's purpose is to enlighten people reciation will be held at Milwaukee June 12 to June 14. The
garding the merits of the conflict now in progress between
New York Credit Men's Association has elected the follow- the South African Republics and Great Britain. This he
Central National Bank, C. S. Young,
ing as delegates:
aims to do by setting out the facts as they appear in the
Cashier; Converse, Stanton & Co., M. E. Bannin; Eberhard
official correspondence which passed between the representaFaber, Edward E, Huber; Fourth National Bank, J. G. Cantives of Great Britain and President Kruger. While Mr.
non, Vice-President; Hat Trade Credit Association, Chas.
Robins reaches conclusions favorable to the British side, he
Biggs; Marsellus & Pitt, A. S. Pitt; Merritt, Elliott & Co.,
makes apparently no attempt to conceal anything, but gives
I. R. Birch; Minot, Hooper & Co., R. P. Meseiter; Morse &
all the facts, whatever their character and effect.
He traces
Rogers, T. H. Bartindale; Muser Bros, Hugo Kanzler; Nathe correspondence step by step, and shows very clearly that
tional Lead Co., Chas. E. Meek; Smith & Sills, G. Waldo
through all the arguments and negotiations the advantage
Smith; Travers Bros. Co., Frank C. Travers; Tubular Disand the right appear to have rested with Great Britain.
patch Co., W. A. H. Bogardus; Watson, Porter, Giles & Co.,
The pamphlet will serve to correct many false [impressions
A. H. Watson; Hayden W. Wheeler & Co., O. G. Fessenden
existing in the United States with reference to England's
—Robert Schell, who for twenty years until 1895 was Presi- course and conduct in South Africa. The address has been
dent of the Bank of the Metropolis, died in this city on Tues- printed for the benefit of "The Soldiers of the Qaeen Relief
day, in the eighty-fifth year of his age. He was the;Treasurer Fund." It can be obtained at Brentano's, in Union Square,
of the New York Historical Society for many years. Mr. and those who are desirous of knowing the circumstances
Schell was also Vice-President of the German Savings Bank, leading up to the rupture will find it an advantage to procure
a director of the Harlem RR. Co., and a trustee of the Col- a copy.
lege of the City of New York, of Rutgers College, the PresSupplement to the Directory to the Iron and Steel
byterian Hospital, and the New York Eye & Ear InfirmWorks of the United States. Philadelphia: The Ameriary, and a member of the Chamber of Commerce.
can Iron & Steel Association, No. 261 South Fourth Street.
— Edward HawkiEs, the receiver of the Indianapolis Na- In this useful " Supplement," Mr. James M. Swank, the actional Bank, announced on Wednesday that the litigation knowledged authority on iron and steel statistics, brings his
with the Cleveland Cincinnati Chicago & St. Louis Railroad excellent "Directory to the Iron and Steel Works" down to the
Co., which has been the cause of the delay in closing up the present date. As is well known to the reader, there have been
affairs of the bank, had been satisfactorily compromised, and numerous very important consolidations of iron and steel
that a final dividend of 1 per cent would soon^be paid to the companies since the last directory was published, early in
creditors of the bank, making 66 per cent. The railroad 1898. This "Supplement'" contains a complete description
company, it may be noted applied to the courts to be made a of these new companies. To add to its value as a referencepreferred creditor of the bank for $18,000. It won its suit in book, the "Supplement" is interleaved with fine writingthe United States Appellate Court, and thereupon the Comp- paper so as to afford facilities for such memoranda as the
troller was recommended to compromise, which appears to
owner of the volume may at any time desire to make.
have been done. It is understood that a settlement was made
In his preface, Mr. Swank points out that an examination
on payment of between $8,000 and $10,000.
of the contents of the book will demonstrate the fallacy of
—The annual convention of the Savings Banks Association the charge that there are trusts in the American iron trade.
of the State of New York was held in the rooms of the Cham- Mr. Swank says there are neither trusts nor monopolies.
ber of Commerce, in this city, May 11.
One of the principal Every consolidation, he asserts, is in good faith what it pretopics discussed was that of dormant accounts, and the prop- tends to be. It represents in each case a large investment of
osition to place them either in the hands of the State Treas- capital for the purpose of uniting, in one ownership and an-
—
^ooU
—
,
Mat
12
THE CHRONICLE.
1900.]
927
der one management, independent and often widely-separated
This policy of concentration of capital and energy,
which is in accordance with the industrial epirit and necessities of the age, is amply justified, he thinks, by the increased
facilities it affords for secaring economy and efficiency in
management. It is not based on the prospect of securing higher
prices for products or lower wages for labor, although it is
certainly no offense, either in law or in morals, to insist
upon prices that will sufficiently recompense the caoital and
In these tables of totals, gold and silver in ore for
*11 years are given under the heads respectively of
gold and silver.
the labor that are employed in producing articles of necessity or convenience.
If prices have been advanced since the
organization of some of the consolidations, so also have
wages. These results, he well says, have taken place as a
consequence of economic conditions which are world-wide.
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
plants.
Railroad Operations— How to Know Them from a
Study of the Accounts and Statistics. By J. Shirley
PubBaton, Statistician of the Lshigh Valley Railroad.
"
lished by the
Railroad Gazette," 32 Park Place, New York.
This is a little book of somewhat over three hundred pages,
with the subjects of which .t treats divided up into twenty,
three chapters. Prom a cursory examination which we have
made of the work, we should say that it contains a large
amount of useful matter and discussions. We expect, however, to review the publication more at length in a later
The
following shows the merchandise balance for
each year back to 1875.
BXOEaa OF MERCUANDIflB IMPORTS OR EXPORTS.
3 months tndUng March 31—
9 months ending Uarch 31—
1875
Exports.
$536,917
1876
Exports. 60,200,205
Export8.154.77.'i.992
Export8.2O3,114,701
Export8.229,272,061
Export8.159,082,291
Export8.234,84<),7H0
Exports. 65,094.218
Export8.105,410,462
Exports. 83,222,414
Exports 157,994,856
Exports. 44,513.454
Exports. 68,580,226
Exports. 15,647,454
Exports. 33,.')48,303
Exports. 111,902,101
Exports. 79,731,751
Exports.209,383,0^6
Exports. 9,652,488
Export8.228,457,35 4
Exports. 87,518,406
Exports. 70,590,561
Export8.323,413,6a2
Exports. 470,651. 994
Export8.447,970,376
Export8.412. 196,715
I
I
I
:
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
Exports. $1,69.5,570
Exports. 30,620,507
Exports. 41,520,311
Exports.lOl, 155,003
Exports. 72,647,006
Exports. 22,.'i6l,873
Exports. 73,128,038
Exports.
245.495
Exports. 50,834,993
Exports 21,162,333
Exports. 48,646,123
Exports.
553,978
Exports. 17,626,656
Imports. 17,925,209
Exports. 5,623,324
Exports. 24,662,466
Exports. 26,905,566
Exports. 53,932,822
Imports. 37,454,805
Exports. 50,951,614
Exports. 7,215,171
Exports. 42,664,737
Exports. 74,112,377
Exports.l 50,500,077
Exports 122,669,317
Export8.140.209.05 T.
issue.
IMPORTS AND EXPORTS FOR MARCH.
The Bureau
Washington has issued
of Statistics at
statement of the country's foreign trade for
March, and from it and from previous statements we
have prepared the following interesting summaries.
FOBBION XBADE movement OF THB UNITED STATES.
the
the f ollowlnK tables tbree ciphers (OOOs) are In
[1 3
oaaea omitted .]
-1898-99.
all
1899-1900.
.
Exports.
Merch' dise.
Imports.
C
%
309.459
373.05J
llr.597
119.412
Excess.
%
Exports.
Imports.
Excess
%
I
%
134..313
197.468-1-113.001
313.065-1-159.987
75.897 -t-4 1.700
68.774 +50.633
86,442 -1-47.871
93.837
104.560
149.118 +98,619
159,580 +336.662
58.240 +57,351
60.253 +33,679
73.821 +31,739
Total .... ..1.033.833
641.6J6 -1-413,197
9 47.993
500.023+447.970
July-Sept.
..
Oct.-Dec. ..
January... ..
February.
March.... .
.
347.737
386.2^8
115,591
Gold and Gold In Ore.
July-Sept.
4.723
Oot.-Dec.
13.103
10,880
17,067
-6.157
-3.964
January...
February.
5.692
1.403
1.064
1,993
1.964
1,921
-t-3.699
35.985
33,825
March
....
Total..
.
..
34,748
30,819
-38,192
-37,406
—561
-857
6,556
3.413
1,755
568
1,110
6,392
5,149
3.188
-4,637
-4,581
-7.810
13,402
80,296
-66.891
-1-3,331
14,835
14,36*
8,306
8.033
3.129
+6,629
+6,332
-3,078
Sliver a.nd Silver In Ore.
July-Sept.
11.618
14.724
Oot.-Dec.
January...
"ebruary.
March
....
Total....
+ Bxceas of
We
4.599
4.863
5.452
8,287
8,181
3.174
3.796
3.149
+6.603
+3.425
+3.157
+3.303
41.316
34,527
+16.819
ezpori
— Bxcess of
s.
5,381
4.319
5.058
1.427
+3,892
3.12<!
+ 1.932
43.957
33,920
+30.037
Jt'i.Zbi
Imports.
subjoin the totals for merchandise, gold and
for
silver
the nine
months
since July 1
for
six
years.
Merohandisb.
Nine
tios.
Exports. lm,ports.
Gold.
Excess
of
Ex-
$
$
Exports ports.
i
t
9900 1.053,833
98-9 f> 947.993
9798 935.906
96-9 T 833.280
93-96 678.241
94-95 633,047
•
641.636
300.023
455.258
498.867
607.650
333.6^9
Imports.
Silver.
Exceis
$
413197 3^.f85
447970 13.402
470652 13.598
333413 16.636
33.825
80.296
71.158
83.000
70,'jn 83 583 30.544
87.518 61.8^0 33.937
of
Ex-
$
$
Exports ports.
Imports.
Excess
of Exports.
t
$
7,840 41,346 34.527
^66,894 43.967 33.920
•57,660 43,665 35.234
*63,36t 47.613 33.601
53.039 45.749 33,097
•
1
6.819
30.037
17.431
35.012
33,652
37,888 33.980 14.403 S9 6/7
Bxcess of imports.
Similar totals for the three
make the following exhibit.
Mbbchandisi.
months
since January 1
GOLD
SILVER.
Three
Afos.
Sxvorts. Import*.
Excess
of
EX'
%
<
Bxportt norts.
<
1
1900. 371,322 331.113
1899. SI 3,988 191.319
1898. 315 984 165484
1897. 301,066 186,913
1896. 340,247 197.582
1893
•
303,374 193.1591
Bzceae of Imports.
14O209 8.15P
Excess
Int.
of
porta. Exportt
t
5,878
1
Ex-
Im-
ports.
port*.
t
3,281 15.004
3.433 14,729 11.296 14,';5S
15O500 4,417 43,363 *38,946 13,169
74.112 1,370 3.212 •1842 13,820
133fl69
43.665 13,161 33,963 *9,799 15.473
7.215 30,9)5 1 4,367 l'6,5a8 10,617
t
8,119
7.682
7,193
7,115
8,111
4,481
Excest
oj Suport)
t
6885
6.976
4.959
6.705
7.359
6.136
[From our own correspondent.]
London, Saturday, April 38, 1900.
The check given to the Stock Exchange by the Easter holidays has been prolonged by the decline in New York. The
passage by Congress of the Act for ensuring the Gold Standard ^stimulated bu&iness here in American securities. Until
then the doubt had continued whether the Silveritea might
not recover courage and make such an effort at the coming
Presidential election as would renew some of the alarm felt
in 1896. The passage of the Act removed all such features.
Moreover, the facilities given to the national banks for increasing their circulation led to the belief that the currency
would be considerably augmented; that money, therefore,
would become plentiful and cheap, and that prices of all
kinds would rise. For a while more business was done in
Loudon in American securities than for some years previously, and the fall, therefore, that has taken place in New
York has caused a very unpleasant surprise and disappointment.
These feelings have been somewhat strengthened by the
liquidation that is going on upon the German bourses. The
growth of every kind of business in Germany in recent
years has been extraordinary. Trade is wonderfully prosperous, new industrial enterprises have been started in every
direction, and of course there has been in consequence a
very active industrial speculation. In the autumn of 1898
and again last autumn the money market in consequence of
the activity of trade and of speculation WdS very stringent.
It was especially so towards the close of last year; and as the
Imperial Bank has been compelled to keep its rate of discount at 5}4, per cent, serious fears began to arise that the year
would not end without some difficulties in Germany, Through
the semi-official Press, the Government warned the public
that it was time to begin to decrease commitments, and it is
believed that the Finance Minister gave similar warnings to
the bankers. At all events, there has been during the past
couple of weeks a decided decline in industrial securities.
There have been large sales, and the "bull" account has
been so much reduced that the carrying rates this week are
decidedly lower than a month ago.
The liquidation thus begun in Germany has caused a falling off in German business upon the Stock Exchange here.
Owing to the laws passed by the German Parliament some
few years ago for checking speculation German operators have
transferred a large part of their business from Germany to
London, and a very considerable proportion of the dealings in
American securitii-s here in London were in reality for German account. The necessity operators found themselves
under at home to reduce their commitments has led likewise
to a falling off of German orders in London.
Moreover, the continuance of the war and the belief that
the Government will have to borrow again have lowered the
prices both of consols and the new war loan; and the British
railway traffic returns are not as satisfactory as they were
expected.
Upon the whole, therefore, there is a very general and a
very marked disinclination to engage in new enterprise for
the moment, with one notable exception. It is now hoped
that Lord Roberts is about to inflict a signal defeat upon
the Boers, and the war will be brought to a close within a few
months, or at all events that such signal successes will within
that time have been attained as will make certain an early
Therefore there is some more inclination to deal in
result.
gold shares than there has been since the war broke out.
The scarcity and dearness of money continue and account
largely for the unwillingness of iopsrators to engage in the
stock markets. Next week an instalment of three millions
:
on the war loan will have to be paid and
expected that a very considerable proportion will
have to be borrowed from the Bank of England. This
week already the applications at the Bank are very
large and a very considerable business has been done
both in lending and in discounting.
Although the
Stock Exchange settlement shows that the "bull" account is very small, as indeed was natural, owing to the
Easter holidays, a considerable amount has had to be borrowed from the Bank of England, and the rate generally to
Stock Exchange borrowers in high credit has been about 5
per cent. That the scarcity will last for several months
seems to be beyond question, and that may bring down
prices in some directions; probably, indeed, it will cause a
fall in the higher classes of securities.
Although money in Berlin is somewhat easier than it was,
it is still dear and scarce, and is certain to be very dear and
scarce once harvesting operations begin, Even in France
money is not eo easy as it was, and, owing to the Exhibition,
the French exchange upon London has fallen so much that
already people are beginning to fear that gold may have to be
sent to Paris. Tbat, however, does not seem probable, or at all
events the amount that may be sent is not likely to be large
enough to have any material effect upon the money market.
As long as the war lasts, and for some time afterwards, gold
mining cannot be resumed in South Africa, and therefore
the supply of the metal from the mines cannot be materially
increased; but it is is hoped that relief may be received from
New York and St. Petersburg. The New York exchange
upon both London and Paris already admits of gold shipments, and if any considerable amount is received in London
it will give a much needed relief to our market.
The position of St. Petersburg is different. Russia is always in need of new capital, but just now she cannot borrow
very much. Germany needs all her own capital for her own
requirement?. So do we in this country, and France has
lent such immense sums to Russia that it is hardly probable
she will lerd very much more. Therefore, those best acquainted with Russia are of opinion that she will have in
the course of the present year to remit gold to Paris and
London to meet obligations not only in the form of interest
upon debt, but in the form of payments for purchases made
abroad.
Meantime there is a falling off in the demand for India
Council drafts. The Council offered for tender on Wednesday 30 lacs, and the applications amounted to no more than
26X 'acs; only a little over 7>^ lacs were allotted, at prices
ranging from Is. 3 31-32d. to Is. 4 l-32d. per rupee. Subsequently the epecial sales made did not much exceed onethird of a lac
Next woek 80 lacs will again be offered for tender.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &o.
sterling
it
is
1900.
April
1899.
1898.
1897.
April 26.
April 87.
£
AprU 28.
£
27,398,595
12,647,762
38.180.921
18,388,128
27,643,860
12,361,186
87,956,706
18.191,953
83 9^5 386
21,037,7»3
31,780 643
4194
4
27,199.0(0
11,220 485
38.801,977
13.842,686
28.018.746
26,0M4,913
36.943,913
51 15-16
'ib.
£
circulation
Public deposits
Other deposits
Government securities
8.(02,618
41,931,926
14,378.683
32,C88.8bO
21,410,700
32,668,466
i'iH
4
lOCJ^
Other securities
Reserve of notes and coin
Coin & bullion, both departm'ts
Prop.reserve to liabilities.. P.O.
Bank rate,
percent.
Consols, 2§i per cent.
Silver
Clearing-House returns
The
rates for
£
2P.03\J,765
34,5:^8.971
2o. 673.328
81.271,923
409^
3
110i<
283-16d.
1111-16
86^a.
47,451,000
129,969,000
277-lDd.
149, 196.000
J
money have been
as follows
Bank
3 Months,
Interest allowed
for deposits bi
11
20
27
4
The Bank
&iH
6 Months.
3 Mos.
Dai/i
*H
3«
iH
4
4
4M®4^ 4M@4H
iH
4M
®iH
iU®t}4 4M@4?*
4
rate of discount
4
I
A
The quotations
and open market
3
3M
8^
2W:
rates at the
chief Continental cities have been as follows
Gold.
Bates of
Interest at
Bank
Rate.
Open
AprU
Bank
Market Rate.
20
Open
Bank
Open
Market
Paris
Berlin
3«
3i4
914
314
3H
^H
6^
6^
5»
SH
iH
iH
4H
e>H
Hamburg
iH
iH
iH
sa
iH
iH
iH
Amsterdam
B«
6«
SH
Brussels
4
Vienna
iH
Frankfort
Bt.
Petersburg
Madrid
f>H
4
4
iH
bH
3H
4
iH
en
4H
6«
4M
en
4^
tH
4
4
4
4
Copenhagen....
April
Bank
Rate.
3H
5H
bH
5H
SH
m
3H
*H
en
4
5
The Indian rate
is
Apr.
London Standard.
Apr.
26.
19.
9
oz.
313
41a
413
31a
d.
«.
d.
77 9
Bar silver, fine., .oz. 277i6 2739
76 3ifl Bar silver, oontaln'g
76 4ifl
do 5 grs. gold.oz. 27161, 27''8
do 4 grs. gold.oz. 27 h 27111ft
76 413
76 3ifl
do 3 grs. gold.oz. 279,6 27ifl
The following shows the imports of cereal produce into the
United Kingdom during the first thirty-four weeks of the
new season compared with previous seasons
IMPOSTS.
1899-00.
1898-9.
1897-8.
1896-7.
[mportsofwheat,owt.S7,320,26o 39,141,250 41,297,710 45,156,030
Barley
11,625,700 17,847,943 15,144.694 16,415,870
Oats
11,695,000
9,438,120
9,829,660 11.209,440
Peas
1,917,100
1,594,780
1,775,730
2,283,515
Beans
1,248,700
1,339,540
1,858,860
1,91.0,970
Indian Com
38,076,700 35,722,560 32,870,660 40,996,980
Flour
13,711,900 15,520,730 14,645,480 14,856,490
Supplies available for consumption (exclusive of stocks on
September
1):
1899-00
1898-9
1897-8.
1896-7.
Wheat imported, owt.37,320,26o 39,141,250 41,297,710 45,156,030
Imports of flonr
13,711,900
home-grown. 22,474,275
Sales of
Total
73,508,375
1899-00.
Aver.prloe wheat, week 268.
Od.
15,520,730
23,144,518
14,645,480
18,857,077
14,856,490
17,608,398
77,806,498
1898-9.
74,800,267
77,620,918
24b.
1897-8.
368. Id.
348. 3d.
Sd.
1896-7.
26s.
Average price, season. 268. Od.
268. 6d.
298.
The following shows the quantities of wheat, flour
maize afloat to the United Kingdom:
This week.
3,320,000
265,000
Wheat
qrs..
Flonr, equal to qrs..
Maize
qrs..
545,000
Last week.
3,230,000
285,000
540,000
1899.
2,760,000
300,000
535,000
6d.
Od.
and
1898.
2.605,000
370,000
660.000
Knellsb Financial imarkets— Per Cable.
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending May 11.
LONDOS.
Sat.
Mon.
Tues.
Wed.
Tkurs.
Fri.
per ounce
d.
279,6
Consols. new, 2 % p. cts. 1001a
Silver,
,
For account
Fr'ch rentes (in Paris) fr.
Spanish 48
Anaconda Mining
Atch. Top. <fe Santa Fe..
Preferred
Baltimore & Ohio
Preferred
Canadian Paoiflo
Chesapeake* Ohio
&
Chic. Mil.
& Rio
Den.
Do
St.
Paul...
Gr., com....
do Preferred
Erie,
common
1st preferred
2d preferred
Illinois Central
& Nashville..
& Tex., com..
Preferred
N. Y. Cent'l & Hudson.,
N. Y. Onti-rlo & West'n
Louisville
Norfolk
Do
& Western
Northern
do
pref.
Paolfio,
com..
Preferred.
*Phlla. & Read.,l8t pref.
PhUa. Read. , 2d pref.
aouthem Pacific
South'n RaUway, com.
Preferred
Onion Pacific
Preferred
"B"
271a
279j9
271a
271a
271a
1007,6 1006,6 1003,6 IOOI16 IOOI4
10013,, 10011, lOOOs
loosie
1007i6 10038
10115 101-15 10100 00871a 00-8713 00 9'i\
7158
7214
7214
71 la
711a
938
938
914
878
8i3ie
91s
27I4
2538
27
2514
25%
261a
7218
7014
72
70 la
70%
69%
78I4
79 1«
8438
8514
851a
781a
8514
8138
82%
82%
861a
86'e
961*
96%
981a
95%
961a
971a
30 14
3068
29
29
301a
29>e
I2II2
121 14 119% 118%
119
1191©
19''8
185$
1838
20ifl
ly%
19
70i«
70 14
71
7118
6938
70
1278
13
1259
13
121a
121a
38I4
3758
40
40
371a
391a
20ifl
SOis
20
19%
19%
201a
116% 116% 1161a II5I3 1151a 116
84i«
8213
8258
8278
Si's
12i«
Ilia
1138
1214
lllfl
ll's
36I4
3358
35
35
361a
331a
134i«
13t>ia
I34ia
l34ia
137% 137
22^8
22
2214
22%
21%
22%
38I4
3514
3818
3714
35
3614
7914
80
601a
791a
811a
811a
5758
5959
57
5779
5908
58%
7714
77
7714
77
76%
771a
6914
68
6978
68
69%
681s
914
9
938
9ie
958
9
2958
28%
29%
28%
231a
29'7e
15'8
1538
14%
15'8
14%
141a
3658
3714
3738
3458
35
35%
1338
1278
1278
1358
13
131a
58 14
5514
5714
5818
58
56
5438
5514
5579
561a
571a
671a
75 14
7514
76%
76%
75%
761a
23i«
22 14
2273
221a
22%
231a
4II4
40
3914
391a
411a
Price per share.
Open
Market
3H
iH
iH
iH
?%
4
m
iH
HH
iH
(H
i
4
6U
!i<4
6H
f^H
5
6H
Messrs. Pixley & Abell write as follows under date vi
April 26:
Gold— Although there Is etill no demand here, one million dollar.s
will be shipped from New York to Paris. The Bank has received
£105,000, chiefly In German coin, and has lost the same sum. mostly
in sovereigns for South America. Arrivals: West Indies, £18,000;
Australia, £80.000; River Plate. £14,000; Vera Cruz, £6,000. Total,
£118,000. shipments: April V!6- Bombay, £22,500.
Silver -A few special orders enabled the New York holders to exact
277ied., but aithouch i7hd. has been paid In some cases, the market
oloaes "sellers" at the latter price.
Silver.
19.
Cake silver
oz. 299i6 29 »a
Mexican dollars. oz. 2714 2714
•
6.
d.
77
U. S. gold coin...oz. 76
Germ'n gold coln.oz. 76
French gold ooin.oz. 76
Japanese yen
oz. 76
fine
Apr.
26.
».
Bar gold,
Wabash, preferred
April 13
Market Rate.
Apr.
London Standard.
Del).
April 87
for bullion are reported as follows
&
2Vi
Lxx.
100 tolahs. Arrivals: New York, £88,000; New Zealand. £3,000;
Australia, £17,000; West Indies, £4,000.
Total, £112,000. Ship.
ments: April 20— Calcutta, £5,000.
Mexican Dollars— good many have been sold since [last week at
27>4d.
Pennsylvania
Phila. ARead
SH
iH
®4H
4
Banks Call
i Mos.
816-16
4
Joint Dia'tM-^.
Stock At 7-14
:
:
rvoL.
Mo. Kan.
Trade BilU,
Bills,
Months.
i
3 15-16
Mar. 80
Apr. 6
"
26HA.
If8,2fc8,0l0
fti
1
"
"
1516
:
Open Market Bates.
London.
2H
111
«
.
THE CHRONICLE.
928
Rb. 7014 per
—
Imports and Exports for the Week. The following are
''8 at New York for the week ending for dry goods
May 3 and for the week ending for general merchandise
May 4 also totals since beginning first week January.
the lmp7
;
FOREIGN IMPORTS.
For week.
Dry Goods
Gen'l mer'dise
Total
Since Jan.l.
Dry Goods
Gen'l mer'dise
1900.
1899.
1898.
1897.
$2,042,536
8,336,821
$l,(:0fi,755
8,794,568
$1,304,379
6,491,108
$5,340,371
13,041,648
810,379,357
ilO,6CO,323
$7,795,487
$18,382,019
§50,979,416
155,604,079
840,717,994
149,644,740
$38,979,439
122,455,530
$52,477,760
144,533,153
Total 1 8 weeks $206,583,495 8190.362.734 $161,434,969 $197,010,912
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending May 7, and from January 1 to date.
specie)
—
.
May
.
THE CHRONICLE.
12, 1900. J
MEW TORK FOB THE WEEK.
BXPOBT8 FROM
For the week..
Prev. reported
1900.
1899.
1898.
1897.
»9,5P2,638
210,052,873
$9,042,890
158,445,192
$6,876,873
161,879,335
$8,535,473
128,778,551
Total 18 weeks $219,635,511 $167,488,072 $168,756,208 $137,314,024
The following table shows the exports and imports of
specie at the port of New York for the week ending May 5
»nd since January 1, 1900, and for the corresponding periods
in 1899 and 1898.
EXFOBTB AND IMPORTS OF SPECIE AT
NEW TORK.
........
...
Since Jan.l.
Since Jan. 1
$3,652,400
3,189,993
1,526,882
20,450
3,240,641
151,175
$i',i62
9,132
13,588
1.000
$2,692,315 $11,781,521
279,900
4,089,538
5,005
4,560,479
824,882
294,215
2,916.849
$1,183,595
5,708,956
62,355,300
$2,669,£93
..
"2, 322
West Indies
Mexico
South America
All other countries.
Total 1900
Total 1899
Total 1898
Week.
$89,129
254,760
323,275
120,812
118,549
239,821
37,249
Great Britain
Gennanv
Week.
Great Britain
Trance ...
......
... .......
West Indies
Mexico
South America
Since Jan.l.
$1,038,795 $16,870,155
266,556
4,100
"2,086
123,053
Total 1900
Total 1899
Total 1898
$1,040,881 $17,300,568
6S9,740 17,613,907
791,047 14,810,083
Since Jan.\
Week.
$59,514
965
2,628
83,275
968,580
337,692
4,321
"«i',29i
72,523
75,771
33,019
3,685
All other countries.
$149,585
60,902
29,210
$1,456,965
1,095,687
998.503
Of the above imports for the week in 1900, $400 were
American gold coin. Of the exports during the same time
$iOO,OOU Were American gold coin and $600 were American
silver coin.
Note.—Week's exports
Include $2,322 gold to West Indies, $297,216
shipped April 28 but reported too late to be
Included In previous week's statement.
silver to
Capi-
Sur-
tal.
plus.
London,
with
&B'k. CUar'g
ments.
Other DepotiU
Notes. Agent.
Net
BksMt
City.
Borough oj
Manhattan,
Colonial
Colum'la
Eleventh Ward
Fourteenth Street,
Qaneevoort
Ha:iillton
M:<'nnt Morris
Mutual
Nlnnteecth Ward.
Plaza
Ward
Twenty-tMrd W'd.
Union Square
YorkvUle
Borough of
$
100,0
300,0
100,0
100,0
200,0
200,0
250,0
200,0
100,0
100,0
100,0
100,0
200,0
100,0
200,0
100,0
»
*
106,6
201,4
130,1
56,9
12,8
100,2
64,0
134,1
44,8
158,9
120,7
174,6
51,4
63,9
334,6
178,8
$
t
1376,5
17,7
82,6
2169,0 115,0
96,0
1080,6
52,8
47,4
1133,1
66,7
39,2
694,2
6,1
42,b
1361,4
61,9
87,4
1867,6
99,2 114,4
1307,0
37,4 127,6
1146,0
18,6 108,5
1985,0
48,0
91,0
998,6
11,4
63,4
2875,0 227,0 113,0
1043,2
18,0 186,2
939,1
40,4
86,3
2V41,0
62,6 238,0
1553,0
66,3
96,8
$
201,1
129,0
344,6
232,2
34,4
131,1
181,2
230,6
184,4
365,0
53,6
188,0
123,5
54,9
387,9
77,8
$
107.6
66,'7
2,7
11,1
172,0
206,7
87,2
'5,6
1649,4
2100,0
1376,7
1397.6
673.8
1489.6
2323,1
1372,9
1485,1
2226,5
998,0
3377,0
1721,3
1090,0
2846,3
1623.7
Broohlyn.
Bedford
Broadway
Brooklyn
Eighth Ward
Fifth
Avenue
Kings Countv
Manufact'rs' Nat'l.
Mechanics
Mech'8'
Traders'
<&
Nassau National..
People's
Schermerhorn
Seventeenth Ward
gpragne National
Twenty.slxth
Union
W'd
WaUabout
Merchants'
Borough of
Richmond.
Bank >f Staten
150,0
100,0
300,0
100,0
100,0
150,0
262,0
600,0
100,0
300,0
300,0
100,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
100,0
1074,8
12,8
71,9
1326,3
11,3 115,4
1394,8
71,2
38,1
334,9
12,3
24,9
642,4
32,3
26,6
680,7
30,7
24,7
2477,0 267,3 198,1
2663.6 163.4 169,4
930,9
14,0
65,9
4143,0 182,0 306,0
26:il,0
98,0 240,0
709,8
11,3
60,6
945,6
28,6
48,6
714,0
21,6
46,8
462,6
8,3
35,8
1138,2 102,7
10,0
465,8
5,4
27,9
542,6
20,9
41,8
682,6
29,6
18,8
414,1
6,5
31,1
116,0
151,7
16L6
41,2
65,1
67,9
450,7
390,8
204,8
616,7
561,0
116,7
133,5
64,1
7L7
226,1
63,9
65,3
40,4
10,1
667,6
667,6
l8tNat.,StatenIsl.
25,0
100,0
65,1
80,8
Other Cities.
let Nat., Jer. City.
Hud. Co. Nat., J.C.
2dNat., Jer. City..
3d Nat., Jer. City..
Ist Nat., Hoboken.
2d Nat., Hoboken.
400,0
250,0
260,0
200,0
110,0
126,0
780,6
643,5
362,7
220,7
443,9
97,4
Isl.
14,3
26,7
186,2
209,5
210,8
47,4
61,3
114,3
380,6
147,7
91,4
628,0
444,0
29,5
89,6
216,2
73.6
210,0
65,3
100,0
6
74,2
36,6
38,5
67,5
42,9
107.2
137,8
8,9
26,4
20,0
9,3
9,3
22,0
10,7
64,9
26,0
99,0
48,6
36,7
60,0
53,6
8.6
1,5
4262,6 198,5 247,8 831,6
2004,9
61,2
66,6 302,6
1303,6
50,2
30,8 232,6
917.6
28,7
78,7 148,6
1855,6 106,7
17,2 152,3
762,3
49,0
31,0
69,2
1279,2
1462.2
1432.2
299,1
607.4
696.3
3019,0
2964,3
022.1
4486.0
2987,0
656,0
993,0
881,8
462.1
1032,0
460,1
631.6
669.9
388,1
639,6
678,4
819,6 5306,0
163.6 1910,9
1128,3
44.''7
928.4
6,6 1674,9
902.4
70,9
Totals May 5.. 7262,0 8085,7 60336.3 2681.4 3707.4 8234,2 2402.1166936.1
Totals Apr. 28.. 7262,0i8085.7l60104,3|26676 3805,7 7835,1 3096.3:67122.6
Totals Apr. 21.. 7262,0i8085,7 60125,1 2616,8,3640,1 7968,0 2959.5 66819,4
etc.,
—
New York City Clearinff House Banks. Statement of
condition for the week ending May 5, based on average of
We omit two ciphers (00) in all cases.
daily results.
New York City, Boston & Philadelphia Banks.— Below
we furnjsh a summary of the weekly return,s of the Clearing
House uanks of New York Uity, Boston and Philadelphia.
B ANKS.
Capital &
Swrplus.
Loans.
Specie.
162.076,7
168,065,8
167,665,8
157,565,8
761,672,4
767,473,3
774,648,6
787,770.0
$
1572435
1618396
1634689
1664798
N.Y.*
BANKS
Bank of New York..
Capital. Sii/rplua.
Loans.
Specie
Legals.
Deposits.
$2,000,0 $2,003,7 $14,0340 $2,789,0 $1,226,0 $14,185,0
2,050,0 2.098,2 18,503,0 3,741,0
3,985,0 23,080,0
2,000,0 1,144,2 13,178.2 2,544,3
1,707,8 15,470,5
2,000,0 2,187,8 12,199,0 2,281,0
744,0 12,252,0
America
1,500,0 2,866,5 21,672,4 4,399,9
1,647,9 24,632,1
Phenix
248,9
4,707,0 1,150.0
1,000,0
167,0
4,790,0
10,000,0 5,073,7 96,932,7 27,374,6
4,275,1 113,425,0
chemical
300,0 6,697,5 23,356,0 4.507,3
3.234,3 24,43L0
Merchants' £xch'ge
600.0
186,7
4,726,3
871,0
660,0
5,366,5
Oallattn
1,000,0 1,798,7
8,508,0
964,9
861,0
6,966,4
Butchers'* Drov'rs'
300,0
83,6
328.7
1,018,3
49,6
1,121,0
M«ohanlc8'<& Trad's'
1S<9,0
111,1
400,0
2,081,0
194,0
2,167,0
Greenwich
200,0
176,6
972,3
100,7
133,1
849,3
lieather Mannfao'rs
600,0
478,2
4,012,7 1,6.^5,9
217,3
4,604,8
Beventh
300,0
203,1
3,592,2
433,0
714,9
4,719,0
Btate ot New York.. 1,200,0
564,8
4,090,9
317,8
463,0
3.41-2,2
American £xch'nge 5,000,0 2.823,1 30,608,0 7,138,0
1,780,0 27,466,0
Commerce
10,000,0 6,693,9 61,242,5 6,742,0
4,440,4 60,461,6
Broadway
1,000,0 1,61L1
6,134,1 1,612,4
291,8
5,932,7
Mercantile
1,000,0 1,150,8 12,236,9 2,187,9
1,301,8 13,403,0
Pacific
422,7
495,7
2,624,7
203,7
625,8
3,349.9
Bepnhlic
1,500,0 1,051,6 18,213,1 4,907,1
751,1 20.576.2
Chatham
450,0
986,5
6,104,1
684,6
927,8
6,162,7
People's
320,''
200,0
2,125,4
163,8
392,3
2,571,1
North America.
610,3 12,170,7 2,503,2
1,000,0
1,030,5 13,781,4
Hanover
1,000,0 2,846,4 38,651,6 9,880,4
2,466,1 47.405,3
Irving
500,0
419,9
4,552,0 1,320,8
570,0
5,601.0
Citizens'
600,0
383,9
3,182,1
689,8
174,0
3.339,7
Nassau
500,0
277,7
2,583,7
390,8
377,3
2,890,6
Market & Pnlton..
900,0
980,6
6,683,9 1,054,4
592.8
6,902,6
Shoe & Leather
196,0
1,000,0
3,556,3
608,5
303,5
3,789,9
Com Exchange
1,400,0 1,718,8 17,609,8 2,326.1
3,124,0 20,714,2
Continental
1,000,0
606,2
4,767,2 1,069,2
5,789.3
439,3
Oriental
300,0
396,7
2,027,6
194,5
2,106.1
433,4
Importers'&Trad'rs 1,500,0 6,900,7 26,4»1,0 4,318,0
1,619,0 24,998,0
Park
2,000,0 3,393,4 43,656,0 12,642,0
65,860.0
3,923,0
Bast River
152,4
250,0
1,240,1
224,0
1.408,8
172,9
Fourth..
3,000,0 2,256,1 23,894.3 5,666,2
1,936,1 26,601,5
Central
49i,2 10,602,0 2,728,0
1,000,0
1,160,0 13,949,0
Second
300,0
780,7
8,335,0 1,765,0
9,293.0
571,0
Ninth
750,0
181,7
2,719,4
340,8
2.768,7
226,0
Plrst
500,0 8,925,4 39,076,1 7,892,4
1.620,1 39,037,1
N. Y. Nat'lExch'ge.
300,0
86,2
2,871,0
271,8
3,113,9
69L3
Bowery
250,0
682,5
3,464,0
487.0
3,631,0
367,0
New York County...
200,0
419,1
3,419,9
697,8
4,282.9
348.9
German American..
750,0
327,0
3,139,7
532,4
3,055,6
240,7
Chase
1,000,0 1,705,9 38,069,4 7,669,2
4,001,1 46.079.2
Fifth Avenue
9,5ti8,4
100,0 1,257,4
8,539,8 2,187,3
338,6
German Exchange..
200,0
619,6
2,697,7
166,2
3,230,8
648,3
Germania
200,0
797,9
3,193,0
401,8
4,374,8
329,9
IJacoln
880,1 1L306,4 2,655,2
300,0
965,7 13,490,0
Garfield
200,0 1,015,8
6,840,0 1,658,4
8,138,1
478,0
Fifth
200,0
340,2
2,122,9
2,206,6
403,2
162,3
Bank of the Metrop
300,0
963,8
6,073,5 1,276,8
7,166,0
701,5
West Side
200,0
393,8
2,576,0
2,807,0
369,0
333,0
Beaboard.
500,0
674,4 11,906,0 1,884,0
2,142,0 14.839,0
Western
2,100,0 1,440,3 33,045,4 8,380,8
2.038,2 30,750,3
First NafU B'klyn.
300,0
624,2
5,923.0
4,584,0
709,0
1,159,0
Liberty
500,0
478,1
5,056,6
5,499,9
324,4
739,7
N. Y. Prod. Exch'ge 1,000,0
391,2
3.673,0
4,127,6
485,3
436,6
Bk.ot N.Amsterdam
250,0
393,7
5,506,3
4,733,3
713,0
688,0
Aator.
850.0
211,6
3,840,8
3,674,0
732,0
210,2
Hide & Leather
500,0
268,3
1,770,8
2,426,9
194,8
269,4
Apr.
"
14..
21..
28..
"
Manhattan Co
May
Merchants'
Mechanics'
flos.*
Apr. 21.,
"
28.,
6.,
May
5..
21.,
28.,
"
t
$
I
21,029,8
21,390,1
21,128,3
21,218.1
10804142
11953640
10644467
11687010
7.874,0 200,666,0' 4.574.0 117,961,9
8.264,0 201,709,0 4,694,0 126,662,7
7,859,0202,845,0, 4,638,0 139.961,9
35.345,4 144,065,0
35,345,4 144,82t»,0
48.258,0
48,567,0
62,929,0
171,847,0
1172,506,0
|l76,863.0
:
6,540.0 102,653,8
6,697,0 94,858,8
6,733.0 100,323,8
tlgv/res.
Including for Boston and Philadelphia the item
"due
to other banks."
Auction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. Adrian H. Muller
Son.
&
stocks.
Home Insurance Co
212>a
19 People's Bank
228
50 Phenlx Ins.Co of B'klyn.l77»fl
45 Ist Nat. Bank, Sing Sing,
N. Y
Ill
5 U. 8. Trust Co
1615
15 Western National Bank. 450
21 Utica. Chen, & Sas. Val.
10
RR.
Co.,
guar
30 Union Gas
& Elec. Co. of
S8
200
212
450
N. J., pref
50 Atlantic Trust
Co
10 Home Insurance Co
5 Morton Trust Co
5 Produce Exoh. Trust Co.130
200 Louis. Hend. & St.L.Ry.,
pref., $6-56 scrip
55 Nat. Broadway Bank
1.54i8
25 Steel-Tired Wh. Co..com. 45J^
By Messrs. R. V. Harnett Co.
—
21
244ia
&
Stocks.
61 Amer. Whiting & Putty
Mfg. Co
$llot
10 Twelfth Ward Bank
124
SatxMnfl
Speincer
ar
&
29
10 Equitable Life Assur'noe
Society of the U. S
1500
99 AgullaRiohCo
$1 lot
atxjd
^iiiawcial.
Trask &
BANKERS,
PINE STREET,
Co.,
....
NEIT YORK.
Transact a general banking businessi act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies.
Execute
commission orders and deal In
,
INVESTMENT SECURITIES.
Members N.
Y. Stock
Branch OfBce, 67 State
Exchanee
GBOSeB B ABO LAY MOFFAT.
Moffat
67,787,6 869,166,3
Reports of Non Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending May 5, based on averages of the daily result.
We omit two ciphers (00) in ail cases.
$
62,288,9834,328,5
63,712,1842,629,4
66,621,0 852,062,5
67,787.5 869,156,3
67,661,9 176,876,0 15,218,0
67,651,9 178,947,0 15,199.0
67,661,9 179,164,0 15.002,0
May 6.. 35.345,4 143,617,0
We omit two ciphers in all these
,
72,222.7 86,343,1 787,770,0 1654798
Depos%ts.i\ Circ'l'n. Clearimgi.
Legals.
Phila.*
Apr.
.
Total.
Lea. T. Deposit,
Invest- Specie
Loans A
Nkw York
National City
North Side
Imports.
Exports.
Silver.
Germany
BANKS.
Twelfth
Week.
929
(008 omitted.)
Riverside
State
Imports.
Exports.
Bold.
Frftnoe
.
St.,
Albany
ALBXANDEB M. WHITB, JB
&
White
BANKERS,
...
NEW
INVESTMENT SECURITIES.
Members New York Stock Hzchanjte,
No.
1
NASSAU STREET,
YORK.
:
.
:
THE CHRONICLE
930
3^nUtxs^
«
:
[Vol.
LXX
buying par, selling }^ premium; New Orleans, bank, $1 00
commercial, 75c. discount
Chicago, 25c. per
$1,000 discount
St. Louis, 25c. premium; San Francisco,
$15c. per $100 premium.
@a^jettje*
premium
;
;
;
£N»S
OIVI
Name
Per
of Company.
Railroads (Steam).
Germ. & Norrle. (quar.) ..
Paul & Duluth, pref..... ...
Phila.
lifi
American Express
Barney & Smith Car, pref. (qu ).
Brooblvn Union Gas...
Cons'd Rubber Tire, pref. (quar.)
Lehigh Coal & Navigation
NilesBement-Pond, pref. (qu).
Ohio & Ind. Nat. & 111. Gas (qu.)
Park Steel, rref. (auar)
Shelby Steel Tube, pref. (quar.)
Welsbach Light (quar.)
Less Income tax.
t
June 4 May 20
to
May
May
May
May
31s
May
15
5
July
2
2
3
2
3
June 3 May 12
July
June
June
iH June
1
May
May
May
May
5
11
19
18
May 20
May 15
May 22
May
May
June 3
to
of reo. May 31
to
June 1
May 31
to
June 1
to
of reo. May 5
to May 21
May 31
to
28 Holders
21 Mav 11
June 1 May 21
1% June 1 May 21 to June 1
13l May 15 Holders of rec. May 9
10 June 23 Holders of rec. June 16
21^
lis
1
Correction.
WALI^ STREET. FRIDAY, MAY 11, 1900.-5 P. M.
The Money Market and Financial Situation.—There is
evidence this week that the opening Presidential campaign
usual effect in Wall Street. The
characteristics of the market are not essentially different
from those which have prevailed for some time past, but
seem to have inci-eased in force. The almost entire absence from the Street or extreme caution of investors,
the aggressiveness of the speculative element and the wide
fluctuations in prices can hardly be accounted for by any
other than a new factor in the situation. The depression
early in the week was exceptional in its scope and in its
effect upon high grade securities, many of which usually
resist such a movement.
The developments of the week bring little that is new to
The affairs of the Steel & Wire Company are getting
light.
into more settled condition and the uncertainty in regard to
the iron and steel industry in general is passing away, as it
is found that statements which caused a sensation two or
three weeks ago are more nearly correct than was then supposed. The foreign exchange market remains unchanged,
and gold to the amount of $i, 855, 300 has been exported to
France, making a total of $6,055,300 during the current
movement. Money continues in abundant supply at this
center, and rates are practically unchanged.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 to 2}{ per cent. To-day's rates on call were 2 to
23^ per cent. Prime commercial paper S% to A}4 per cent.
The Bank of England weekly statement on Thursday
ghowed a decrease in bullion of £12,329 and the percentage of reserve to liabilities was 41 -26, against 40 -01 last week;
the discount rate remains unchanged at 4 per cent. The
Bank of France shows an increase of 15,525,000 francs in
gold and 950,000 francs in silver.
The New York City Clearing-House banks, in their statement of May 5 showed an increase in the reserve held of
$3,177,400 and a surplus over the required reserve of
$15,978,475, against $17,074,275 the previous week.
is
beginning to have
its
1900.
May 5
Bifferen'sfr'm
Prev. week.
1899.
May
C
May
May
May
May
May
5,
7.
8.
9.
10.
28, 30-year, ref'd'gt
2s,
reg.
3s, 1918
reg.
'IO314
State and Railroad Bonds.— Sales of State bonds at the
Board are limited to $8,500 Virginia fund, debt 2-3s of 1991
at 92 to 921^ and $5,000 Alabama class A at 110^.
The transactions in railway bonds have been smaller in
volume than usual. At the Exchange they averaged
less than $2,000,000 par value per day, in which highgrade issues formed an inconspicuous part. There was a
general tendency to weakness in sympathy with the stock
market, but the decline, where such has occurred, rarely
exceeds a fraction of a point. Long Island unified 4s lost
1 of the 5 points they advanced last week.
Union Pacific,.
Colorado & Southern, Illinois Central and Chesapeake &
Ohio issues were relatively strong. The notably active list
includes Atchison, Baltimore & Ohio, Central Pacific, Norfolk & Western, Northern Pacific, Reading, St. Louis & Iron
Mountain, St. Louis Southwestern, Union Pacific and
Wabash bonds.
Stock and Bond Sales.— The following shows the volume
of business in stocks and bonds on the New York Stock Exchange for the past week and since Jan. 1
RR. and misc.
bonds....
Total
Stocks-No. shares
Par value
May 11.—.
43,916.475
—
Foreign Excliange. There is no change worthy of note
exchange market. It has continued dull and
steady, both the offerings and demand being limited.
To-day's actual rates of exchange were as follows: Bankers' sixty day's sterling, 4 M}4@^ M%; demand, 4 88(^4 88i^;
cables, 4 %^%@^ 89; prime commercial, sixty days, 4 84
4 843'|; documentary commercial, sixty da3s, 4 83J^(ffi4 843^;
grain for payment, 4 M%@i: 8i%; cotton for payment, 4 833^
@4 83^; cotton for acceptance, 4 84(314 84:}^.
Posted rates of leading bankers follow:
in the foreign
(jo
—
Jan. 1 to
1900.
1159,540
53.500
10,434.600
*176,30O
118.000
16.958,000
»4,210.760
1,128,200
281,399,400
15,821,800
1,650,*)&
433,697,900
«10.6.37,540
tl7,2=.2,300
2,734,890
1259.066.700
4.79S.256
1470,179,600
13,575
$236,738,360
53,2i7.537
»5.117,858,082
$50,760
$441,039,800
83,188,992
Banksfaares, par value.
.
11.
1899.
tS.'>6 7,998,400
$273,110
We add the following record of the daily transactions
Week ending
May
Stocks.
.
Railroad, t£e. State
Bonds.
Bonds.
Shares.
Par value.
Saturday
107,4f'9
$10,176,800
Monday
259,207
2.'i,47(j,100
Tuesday
Wednesday
Thursday
6ii6,143
eo,307.rt60
694,199
467,222
590.630
67,282,000
42,953,700
52.877,250
|91J,000
1,693,600
2,138,000
1,031,000
2.405.500
1,314,500
2.734.890
$259,086,700
$10,424,500
1 1, 190i>.
Friday
Total
The
sales
Tuesday
58,622.700 69,022,700
..
72,222.700
77,386.700 74,450,400
85,343,100
Loans & dlso'nts. 787,770.000 Inc. 132214C0 776,702,800 571,088,200
21,218, lOOilno:.
ClToulation
!i89,800 13,J-83,200 14,598.600
869,1 55,300 Inc. 17092800 899,62.5,400 619.616,900
Hot deposits
165,479.800 Inc. 2,010,900 188,438,700 159,791,500
Specie
67,787,500|Ino. 1,166,500 55,819,600 49,029,200
Legal tenders
233,267,300 Ino .3,177,400 244,258,300 208,820,700
Reserve held
217,288,825:Ino .4,273,200 224,906,350 164,904,225
Legal reserve
Mty
1899.
r-Week- end.
1900.
Sales at
N. Y. Stock Exch.
Government bonds
Statebonds
Saturday
Capital
Snrplus
11.
103i« *103
*102:ik
*
9914 * 9914
9914 • 9914
*109i4
109 *109
1091a
10958 109 12 109i« *109
'
Wednesday
Thursday
BViday
Total
U.S.
Bonds.
$6,000'
$3'6,0()6
9.000
7,600
1,000
48.690
42.520
16.100
32,000
14,30»
153,500
$159,540
on the Boston and Philadelphia Exchanges were:
-Boston.Listed TTnlisted
shares. shares.
7.
May
!
-Mch.
9914 * H914
-Feb. a09ia *109ia
38,1918
coup.
-Feb. 109ifl 1091a
3s, 1918, small. reg.
-Feb.
IO8I2 108 ifl
38, 1918, small..c'p.
-Feb. n09
109
109 *109
48,1907
reg.
-Jan. -115
II514 •114% 114% 114l« 114'»
114'8 114ifl *114% *I14ifl '114i«
4s, 1907
coup.
-Jan. *115
4s, 1925
reg.
-Feb. *134
13408 *134i4 1341^ 133% n33%
*l34i4 *134
'134
4s, 1925
coup.
-Feb. *134
133% 133%
58,1904
reg.
-Feb. *112ifl '112ifi *112i« •1123s 112'e •112ifl
*112l2
*112l2
II2I2 11259
*112ifl
coup.
-Feb.
n-i2h
58, 1904
* This is the price bid at the morning board: no sale was made.
t Prices are quotation s in "Unlisted Dep't" for bonds "when issued."
Monday
Surplus reserve 15,978.475 Deo 1.095,800 19,351,950
Note.—Returns of separate banks appear on page 929,
.3s,
Interest
Periods.
1898.
May
—Sales of Government bonds
at the
coup., at 109 J^ to lOQs^l'; $2,440
ditto, small bonds, at 1083^ to 109; $10,000 3s, reg., at lOaj^;
$13,500 4s, reg., i92=5. at 134i^ I0 1345^; $4,000 4s, coup.,
1907, at 114K to 114^; $39.6)0 4s, reg.. 1907. at 114i^ to
1151^; $4,0U0 5s, coup., at 112,5^; $6,000 5s, reg., at 112^^
and §20,500 new 2s, when issued, at 1033^^ to 104. The following are the daily closing quotations; for yearly range see
seventh page following.
Holders of reo. June 20
2 Holders
1
1
United States Bonds.
Board include $59,5C0
Books closed.
(Days inclusive.)
7 Holders of rec.
19 Holders of rec.
to
25 Apr. 30
tl^a
to
25 May 10
2
to
3 June 4 May 20
30
2
Banks.
Bank of New Amsterdam
mriscellaneuus.
Adams I^xnress. ........... ......
t
When
Oeni. Payable
Ohestnut Hill (nuar.^
Chic. & Alton, com. & pf. (extra)
DeL & Bound Brook, guar, (qu.)
Mexican, let pref
North Pennsylvania (quar.)
St.
.
Bond
-Philadelphia.Listed Unlisted Bond
shares.
8,868
8,086
15.774
15.310
9,683
7,000
sales.
$15,060
48,300
123.086
51.600
81.146
48,000
shares,
5.905
9,329
2a,693
18.086
14,793
11,544
6,683
88,766
83,987
38,291
25,649
31,832
9,fi43
155,157
147,060
10,613
9.213
7,682
83.62a
241,687
82,382
59,721
367,101
154.608
63,726
983.854
8,700
17,975
sales.
$148,60^
212900
Railroad and Miscellaneous Stocks.— As noted above, the
market for stocks was depressed during the early part of
the week. Prices declined an average of about 4 points,
stocks and nearly every issue particiall classes of
pating in the movement. Pennsylvania, New York CenThe
tral and North West, each declined 4 points or more.
volume of business fluctuated widely, being limited to less
than 260,000 shares on Monday and increasing to nearly
700, OOi) shares on Wednesday, when a reaction set in which
continued through Thursday. To-day's market was decidedly weak, however, and in many cases the lowest quotations of the present movement were recorded.
When at the lowest Long Island had lost 123^ points of
the advance noted last week, Baltimore & Ohio had declined 91^ points and Metropolitan Street Railway 6 points.
Aside from these there were no special features on the active
railway list.
Miscellaneous stocks followed the tendency of the market,
May 11.
Sixty days.
but were irregular, and in most cases responded readily to
Prime bankers' sterling bills on London. 4 85 ^4 851$ 4 89 '94 89ifi the reactionary movement. American Sugar Refining led
4 84 '94 8414
Prime commercial
in activity, fluctuated over a range of 6 points and closes
Docnmen tary com merolal
4 83i«'<*4 84^
points. American Steel & Wire recov5 18%®18i«* 5 1508" -aiS 15^8 with a net loss of 3
Paris bankers' (francs)
40l]«'@40ie
ered rapidly on the announcement of a change in the manAmstierdam (guilders) bankers
406,e'a>4038
Frankfort or Bremen (reichmarks) b'kers 941 lie® 94%
95i«@953ie
agement, but was weak to-day and closes lower than last
* Less lie.
week. American Tobacco was weak on the annual stateThe following were the rates of domestic exchange on ment, which was regarded in some quarters as disappointNew York at the under-mentioned cities to-day: Savannah, ing, and declined over 12 points. Continental Tobacco waa
buying par, selling $1 00 per $1,000 premium; Charleston, also weak in sympathy.
Demand.
.
.
May
THE CHRONICLE —stock
12, 1900.]
New York
Exchange— A
Stock
.
..
.
.
..
..
..
,
PKICES
.
(2 pages)
May
Monday,
*ieii
Ms"
17V
44
96
2eM
69^
70?«
83
ssa
H
May
5.
a
•eOH 68
•106
*96
114
9SM
»•••
••••••
•119^ 121
29H 99%
186^ 126
•104
16«
175<
•16%
*43
44
•43
•60X 67
106
13M
i2^
87
»76
122^
•25
65
55
176
165
13
86
fl3
§36
60
'1C6
•37
70
•la'^
•a9j|
•108
ibs
103
175
12
86
60%
109
33
70
108
105
114
94
18%
85% 36%
59
•105
60
109
83
69
87
68
12% 12%
13
36
68
106
100
i'0*3
12%
•12%
29^
5%
o^!*
39
40
19»(
•49^
50
•98
95
1*0*3
49%
93
18
49
93
80
CC
96
1974
53
65
115% 116%
5172
1171% 171% .US
•196
157
200
12% 12%
36% 36%
58% 59%
108
109
35
109
13%
70
18% 13%
29% 29%
5%
15%
o^'<
SU)4
39%
40
17% 17%
167
167%
167
7%
•93
15
96
1*6*3%
7%
47% 49
7
19
48
19
93
95
16
162% 163% 163
*l'55
6%
7
6%
17
41
17
•
•
17
•
41
'
86ki
89
77
94>ii
81% 81%
93)4 93%
94
166
lesyti
!52
^2^
1854
18W
•3X
4
65
66
88
85
85
•43
46
184
13494
15J% 154
33%
3%
8%
12
36
•33
216
'.87H
37H
•7»« 80
57H 58
76H 76%
183« 134«
3M
8
25^
26M
3
•7
•
4
68
0»
4
......
65
•97
'.'.'.'.'.'.
•21s
816
32
23%
36% 37%
79
•76
1108
62%
65
98
108
61
99
•108
63
63% 64
18
76%
33
11%
76
32
18
79
37
•10% 11%
(11
56% 67%
635
1,510
•««••
1.).
100
2,040
pref.
.
55
......
Long Island.
78
32%
76%
15,679
85,516
84,450
16,701
LoulsTllleA NashTllle...!
i/r antaattanSQer.iOonsol
AetropoUtan Street
West Bide Bl. (Chlo.)
910
100
31et.
Do
pref.
13)4 Mexloan Central
Uezioan Nat'l tr. roots...
4
Michigan Central
Mlniieapolls A St. Louis..
63
Do
95
25
63
Minn.
11
Mo. Kansas
48
'188% 190
48
•188% 190
130% 132
13
79
37
Do
40
40
841
r ake Brie A Western. .
L' Do
pref.
Lake Sh. A Mioh. South. .
32% 34%
66% 58%
84
33
pref. (w.
Keokuk A Des Moines
149% 153
•108
3,175
(Van. C. P. A Gulf, tr.reo.
Kan. City Southern (w. 1.)
79% 80%
89% 93
(32%
100
1,985
,
11%
75
130% 131%
12% •11% 13
•75
76%
79
•83
35
36
86
St.
P.
Do
A 8. S. Marie.
pref.
A Texas
600
8.465
pref.
821,545
550
585
T. Central A Hudson.. 24,553
220
T. Ohio. A St. Louis...
Missouri Paolflo
MobileA Ohio
MorrisA Bssex
\
i^^
Do
Do
Mew York A
1st pref.
3d pref.
100
Harlem.,..,.
".'."'. •'1*35" *.*.*.*.*.!
N Y. Lack. A Western..,.
i"34'* ""V, •1*3*4" !!!!!! •i"3*5**
213 816 •211 214 •811 814 211 814 N. Y. New Haven A Hart
21% 82
20% 21% 21
21% 80% 81% N. Y. Ontario A Western.
Norfolk A Southern
,
'*3*3«"'3'6%
'3*4%**3*5%
'33)4
Norfolk A Western
84% 36%
sili
77% 78%
56^ 57%
76% 75%
79
57% 67%
76% 76%
77
77%
55
53
76% 76%
56% 66%
73% 74)4
78
78
55% 66%
x78% 74
74% 73
Do
(••••*
pref.
(^r.BR.AN.Co.TOt.tr.ofs.
•83
•53
"si"
'4*8*' ""6*{**
'*4*9% *4*9%
83
83
88
63
133M 134
88
t47**
47 ••
88
57
83
8
•7
8
24
25
•60
-ou
61
u
83
88
"'49**
"49%
83
60
\J Do
12%
17
7
25
25%
•65
»0O
7% 7%
24% 25%
63
Oa
Bid and asked prices
;
no
salea
7%
24% 25%
24% 25%
•68
'DO
58
00
iMOk St A Ful F— Stock.
Istmort 4g 1950... JAJ
'way A
Bid.
83
Oon 6s 1943— 8«« Stock
B*wa7Snrrlst5sgu.l924
8d oslnt as rental. 1905
Central Crosstown— stock
lit M 6s 1938
MAN
Ask.
36
98% 100%
7th Ave— Stock. 835
Istmori 6s 1904... J&D 5104
Idmor 5s 1914.... J&J 110
105
112
Bxchl
ist.
}116
117
108
300
130
(104
870
{126
Cen Fk M A B BIT—Stock 199
uonsol 7s 1908
JAD 106
63
03
were made on
OUTSIDE SECURITIES
atreet Railways.
NBW YORK CITY.
7%
10*7
•7
this day.
60
DO
i
Do
1^
Apr
May 48%Oet
May
19%Oet
17
35%Jan
6
43
Mar
50%Jan
43%J'ne
ei%A?;
67%J'ne
61 Deo
187^Aw
S6%NoT
30%Mar
69 May
84%Mar
46%Deo
83% May
114%Dec
35 Deo
27 59%Jan
2
10%Deo
80%Jan
Deo 108%Aa«
60%Jan 86%Allc
28 J'ne 44%Sep
7MJan 10 Not
31
119
166
52%N0T
Jan
Deo 136%Sep
Deo 179^Sep
141% Jan 173 Sep
188 Jan 210%8ep
100 Dec l22%Jan
91 Feb 126%Sep
170
Jan 185 Sep
25)4Mar
56)^Mar
7%Jan
31%Deo
4 3% Jan
94 May
Mar 6 lll%Mar29
14% Jan 10 28 Apr 27
9 J'ly
46 Jan 2 73 Apr 19
87%J'ne
9 Jan 4 13%M«y 3
6 Oct
21 Jan
5 29%Mar 21
15%J'ly
7%Mar 22
5%Jan 29
4%Sep
39 Jan 8 47%Mar 37
35 Deo
14% Jan 6 20% Mar 31 18% Deo
113 Jan 8 119%Mar28 106%Jan
ll%Jan 9
31% Jan 9
15% Jan 10
40%Jan 6
Jan 34
14%Apr 4
17 Mar 29
161 May 11
63%Mar 7
6 Mar 10
30% Jan 10
31%DeO
l49%Feb
68KAi»
100%Sep
82
104
15
12
19
De«
99%Ma7
112|2jan isa^Ssep
3
31
11 186 Feb 30
10 24%Mar 26
10 76HMar26
Mot
70 Jjm
85 Feb 94 Not
97 Jan 136%NOT
9
5
50
103
157
Jan
15%Dec
63 Deo
18%Dec
3 Apr
7%Jan
Mar 26
6%Mar 5
17% Mar 5
14%Mar27
43%Apr 4
23%Apr 4
64% Mar 15
94%Apr 19
19
Dec
10
Deo
16%Jan
49%De«
ll%Deo
37
Sep
8%Jan
58%Mar
35 Mar
125% Apr
194%Oot
36%Apr
80 Apr
83%Jan
8 Not
17XN0T
16%Jan
37%Dec
15%Deo
36 Mar
43 Jan
Jan
98%Sep
70
Jan 29
64%N0T
108
33%Jan
46%N0T
Aug 35 Jan
Apr
Feb 30 Mar
174%Jan 3 148%Jan 196 Mar
58 Mar 29
49%Jan 61%Jan
8 Mar 27
9%Oot
6 May
41%Apr 81 23 J'ly 37%Sep
58 Jan 8 67%Apr 5
63%Deo 66%8ep
110% Jan 9 11 6% Apr 2 105%Deo 122 Jan
ll%Jan 12 19%Mar30 10%Mar 15 J, Aug
47 May 9 58 Mar SO
40 Deo 62)<Ang
10 Jan 2 18 May 4
7%Jan 16 Mar
3
37
%Mar
7%Jan 31
17%Apr 19 17% Apr 19
"
41 Apr 6 43%Apr 3
3 May
15 Feb 2 17%Mar 87
15 Mar 2^Amc
20%Mar 16 34%Apr 9 14% J'ne A'i J>0
83%Feb 2 100 Apr 3 60 Jan 85 Dee
(197 Jan 3 210 Mar 24 196% Jan 208 Jan
47%Jan 4 89 May 5 45 Deo 85 Apr
77%Jan 9 87%Apr 2 63 Mar 88%Oot
89%May 11 101 Feb 14 85%Dec 133%Apr
149%May 9 188 Feb 13 147 Doc 269 Mar
24%Jan 29 37%Apr 5 13%Aug 29%N0T
76 Feb 27 82%Feb 14 44%May 83 Not
17%Apr
10%Jan 8 14%Apr 18
6 Jan
5 Mar 17
6%Sep
3%Jan 4
1 Jan
15
19
14
14
3
1
Oct 116
78
110
Jan
5
11
11
Aug
99%NOT
37%Ma7
72 May
14%Jan
45%Ang
5a%Apr
62 Aug
(187 Not
1449^ Mar
19% Jan
5
5215%Jan 3 (198 Jan (822 Apr
26%Mar 28 18%Jan 28%Mar
35%Jan
73%Jan
8%Jan
Feb
39
12%Mar 28
9%Deo
40%Apr 17 88%Deo
61%Apr 16 33 Deo
38%Jan
39 Jan 12 48%ADr 2 38 Jan
(183%Janl9 il89%May 4 176 Jan
130 May 9 139%Apr 4 180 Deo
ll%Deo
13 Mar 14 14%Mar 29
66 Mar 85 Oct
78 Apr 17 85 Jan 31
33 Jan 3 40%Mar 29 39 Deo 41 Jan
(360 Jan (390 Mar
(130 Jan 18 5133 Mar 10 189%Jan (138%Mh
10
Jan
31% Jan
20%May
11
28,230
9,184
66,296
6,036
22% Jan
10
Jan 8
60% Jan 11
67
May 88%NoT
17%Mar 28%Aag
61% Jan 74J4Au«
42%Jan 67%Aag
68 Dec 81%JaB
72%Jan
8
46%"Apr 18
8 1 Apr 28
62% Apr 4
7S%Mar 28
"*"
33
J'ne
68%J'ne
53%Apr 10 38 May
87%Jan 4 84%Apr
66%Jan 2 68%J'ry
1 42% Apr
5 133%Jan
4 May 1
1 Jan
350
9%Mar 26
4 May
6 Feb 31
2,300 20 Jan 29 29%Mar 27
450 65% Jan 31 68 Mar 31
....
pref
.
. . « s
63 Jaa
77% Sep
64^N0T
90
Feb
68MN0T
143 Jan
2?^S°'
7%N0T
;
Leas than 100 shares.
Street Railways.
Bid.
Ask.
Christ'p'r&lOth 8f>Stook 175% 184%
CoI& 9th Ave 5s-Se« Stock Hxchi 1st.
185
100
Dry D K B A Bat— Stock.
117
Ist gold 5g 1932... JAD (116
Scrip 5b 1914
14
36
15
1
(Given at foot op 7 ooksboutivb vKQ^m).Sl REET
Blghth
HighuL
175 49%Mar 1
llO 83 May 11
835 57 May 10
37,629 128%Jan 12
l%Feb 27
1,080
Peoria & Eastern
Pere Marquette
I.
86
20
8
11,500
•«•••.
pref., vot. tr. otfs.
T>aomo Coast Oo
X Do 1st pref
Do 8d pref
•67
68% 60% 57% 57% 67
131% 182% 130 181% 130% 131% 130 131% Pennsylvania
2% 2% (2% 2% •£^ 1 Peoria Decatur A Bvansv.
2%
2% 3%
Lowest.
70
tr. otfs.
Do
7
85
73
(211% Apr
pref.
Nor. Pao. By., TOt.
Jan 17 134 Jan
11 15% Apr
80 Fnh
.Tan 12
Jan 11 78%Apr
18
2,835
1,080
10 (104 Jan 22 (113 Feb 3
2,060 58 Jan 85 69%Mar 28
980 90% Jan 12 97%Apr 6
1,357 15 Jan 2 27 Apr 24
634 60 Feb 5 69 Apr 24
8d pref.
Do
Feb 87 70%Mar29
Jan 18 115 Apf 36
ll%Jan
90
i'o6
17% Iowa Central
Do
pref.
IT^anawhaA Michigan...
15
89
93
15
.
4,660
4,149
8,810
Do
78% 76
13% 13% 13
3%
3% 8%
78%
78%
18% 13%
3% 8%
A Terre Haute
Illinois Oeutral
4
29
300
996
pref.
pref.
•3%
83
8d
,
48
16
17
16
91%
810
5,816
1st pref.
/^reat Northern, pref. .
VTr'nB.AW.,deb cfs. "A"
113
52
93
8,883
1,128 174 Jan
3,515 16%Jan
1,550 66%Jan
178 13% Jan
100
4%Jan
100 13 Jan
pref.
Deb. ctfs. "B"
6%
38% FT coking VaUey
66% -O. Do
94%
9b 98 (95
24% 34% 21
84% 21
34% 34%
66
66% 66%
65% •64% 64% 64%
86
•1*34"
•48**
88
64
18%
13
108
13
•83
aan 22M
77
78
163
1
77
33
11% 11% 11% 11%
34
34
38% 84
33% 33
55
67% 54
57% 53
65%
43 45
42% 43
41% 41%
'188%
190
1188% 189
189% 189%
133% 133% 131% 133% 130 131%
•7d% 79
•66
<0
78
95
6%
79% 80%
91% da%
31
15%
Do
12% Orle.
36% Ei Do
19%
Do
•208
75
600
300
976
845
330
pref.
Do
pref.
CH. W. A Den. C, stamped
r t. Worth A Rio Grande.
15
40
1,200
Des Moines A Ft. Dodge.
Dul. 80. Shore A Atl
•93
•308
74% 77
78% 79%
9Ci% 98%
81
66%
7fl
•184
•X13
93%
5%
Do
95
151
206
.
Hyansr.
6%
•.
•806
Do
•47% 49
150% 153% 140% 161% 151% 153
•77% 78%
113% 13%
108
65
81
33)4
•76)4
•60
80
92
98H •97% 98
•24
25
26%
67
66% 66%
11« IIM
95
35
•64
•83
206
74% 75%
pref.
& North Western.
pref.
Chicago Bock Isl. A Pao.
Chic. St. P. Minn. A Om...
Chicago
115% rkelaware A Hudson
179% L^el. Lack. A Western.
Denver A Bio Qrande. ....
16
8
11
6 5% Jan
8
2,650 14 Jan 15 39 Apr 16
1,600 45%Jan 24 6 3% Apr 4
70,323 115 May 11 128% Apr 4
344 169%Jan 18 174%Mar31
1,860 158 Jan 11 166%Apr 5
100 l95%M»y 9 200 Mar 28
35,688 104%Jan 9 114%Mar28
114%Mar 19 123% Jan 31
356 173 Feb 8 175 Mar 3
8,517
9 13%Apr 87
9 Jan
3,450 32 Jan 16 39%Apr 27
6,380 58 May 9 66%Mar 30
Paul.
Do
•18
4U
•3%
4% •3% 4
15 16
•IB** 16^ ';i^ ii^ n1« il^ •15
16
30
30
89
30«
29%
89% 29%
2t)% 29%
29H
•93
96
91
»91% 91% J91% 91% •88
94
92%
•806
9S0
300
Do 4 P.O. pref. "B"..
Chlo. Indlanap. * LoatsT..
Do
pref.
19
48
*3W
•206
461
Do
pref.
Ohio. Terminal Transfer.
365,
Do
pref.
58
Cler. Oln. Clilo. A St. L.. .
106 109
Do
pref.
29 CleT. lioraln A Whee ln«.
68
66
Do
pref.
18% 12% Colorado Mid., Tot. tr. otfs.
Do prof. TOt. tr. otfs.
?2?^ "^S^
S5%
6% Col. A Sou., listed May 84
89% 40
Do
1st pref.
do
16
Do
3d pref. do
163
6%
17
41
7,8*8*6
Chicago Great Western.
Do 4 P.O. debentures.
Do 6 P.O. pref. "A"..
r^
68
18 Mar 26
48 Apr 2
29%Apr 2
74%Apr 8
89%Apr 19
%May 7 l%Apr 20
78%Jan 9 90 Apr 16
63%Mar 19 80%Apr 10
8
3
Jan
8%Jan
58%Jan
previ-
ous year (1899).
1
180
pref.
12%
36%
58%
18Tli
•38% 89% 87
37
89
36% 37
37)^ 3t.%
ff* 22
64
eSM 66
65
168%
65% 66
65% 66
114 114M 118% 113« 118% 118% 118% 119% 113% 113% 112%
18
17% 17% 11
^'« 17
16% 16% 16% 16% •16%
60
160
50
60
47
47
48% 50
47
47% 48
16%
•15
17
17
17% 15% 16% 15% 16% 15% 16
•14« 16
S16% 16%
16% 16% 17
16% 17
17% 16%
•
•
Do
St.
16%Mar
41
90%Jan 4 99%Feb
47%Feb 37 58)iApr
•• tti 91%Feb 36 93 Feb
8,080 tl6 Jan 6 122%Apr
13,191 87%M8vll 33%Apr
81,485 11 9% Jan 10 133%Apr
•• ••* 37 Apr 35 39%Jan
700 88 Jan 31 100 Mar
88% 25
•66
32.
49%
54
•
18%
36%
68%
.
"^>< Chicago MUv. *
172
160
300
157
196
106% 106% 105% 106%
113
117%
117%
170 180 170 176
8157
180
19
• • •
Range far
Highest.
8,400
. .
86
for year 1900.
Lowest.
800
Burl. & Qnlnoy.
Chicago Consol. Traction.
Chicago h Kast. lUlnoli
103
•••••'
pref.
.
87%
53
64
80
.
* Plttaborg
Oheaapeake A Ohio
**12%**1*8*'
'8*2*6
63,770
186,24
94,607
6,683
86,494
64,661
S!
rights.
pref.
Tranclt.
Capital Traction
Central of New Jerie7<
117
27% 88
16% 15% 16% •15% 16% 15%
114% 113% 114^ 114 114% 113%
176 177 176% 179% •176%
178
19
1^% 18!4 18% 11^
If
68% 68% 68% 68
68% 68
•16
14
•14%
16
18
14% 14% 14% 16
5
•5
•6
•6)4
6
6>4
6
6%
5%
•15% 16
15% 16% •15
16
•15% 15% •15%
•12
13
19
19%
S12H 12M
12% 18% S12
36
38% 39
35% 36% 36% 37
35% 38
•18
Buffalo Booh.
117
114% 114% 114
•178 180
177%
.12^ J**^ 18
iS^
69)4 169% 69%
68%
•19
Brooklyn Rapid
65
114
87%
74% 75%
74% 75
39
39
j395^ 39%
83
83% 38% 33
70
30
Do
*}02%
106%
86%
27% 27%
•18% 13%
"8*6%
69% 72
88% 88%
117% 115% 116%
178
J178% 172%
160
161% 158
300
198% 195%
107
105% 106%
118
117%
170
pref.
Dalt&Ohlo,TOt.tr.oertfa.
r> Do
183% 134% 138% 184% Chicago
134%
32% 34
176
79%
Do
77
Do
93% 93% panadlan Paolflo
li^
53)4 ..5? . °2% vVanada Southern.
S'''*
108%
104%
118% 116% 117
•38% 39
51
76
•60
•105
65
114
*tt
.52
,
24% 25
56
67% 89%
Bange
On basis of loo-sh're loti
Shares
Railroad Stocka.
80%
71% 73%
gS**
•38% 39
175
18
•29H 29%
...
•14H 16
6
•5H
•16% 16
13
•IBM
167
2®
N.
11.
Sales
of the
Week.
STOCKS.
Y. STOCK KXOH.
•16% 17% A HQ Arbor. •.«•••••
•42% 44 ^1- Do
pref.
23% 26 Atoh. Topeka * Santa Fe.
80
J!^ 86%
1?.
86%
76% •76% 76%
•53
43
SS**
76%
36% 87%
76
17%
143
Friday,
May
24% 86%
68% 69
76% 77
13
13
iS^
87
77
^2
86
f6
16%
IS** 2?^
60
60%
65
•108
94
114
96
64
109)4
39%
5%
?^ A^ ..?J^
.?
Ul«
89
*^
41«
Al^
•16
17
•16)« 17
16
IS><
6954
2'
74
•60% 65
118H 118« ill ^^2^ 116%
173H 173)^ 172H 171
161% 16'^
•leiH 163
168%
196 300 197
•196 200
106 108M 107)4 108)4 105%
•
117« ....... 117J4 118)2
$36
17%
43% 43%
33% 34%
7«% 88)4
71% 72%
•178><
•165
18
16%
1794
48%
84% 8B%
67% 69%
76% 82%
94%
»e« 25«
*0«
114
8.
'S^
if^ 63
65
55
. 5S
•102%
•108)4
102)4
119
117
119
118% 110
99% a09i 38% 39%
134% 185^4 133% 125
133%
lOoJi *io3
18V<
May
25% se^
69?6 69%
88^ 83H
S3i4 81%
78% 7354
8iH 85**
1SH 73%
Wednesday Thursday,
May 10
May 9.
Tuesday,
7.
931
Weekly and Yearly Record.
Daily,
STOOKS-HiaaSST A?fD LOWEST SALS PRIOBS.
taiurday.
Pag
FAA
Avenue— Stock.
.
Scrip 6g 1914
42d A Gr St Fer— Stock.
48d St Man A St N Ave.
Istmort 68 1910.. MAS
8d income 6s 1915. JAJ
.
Lex AvA Pav F 5s-S«« Stk
Ninth Avenue— Stock. . .
97
395
105
396
60
119
98
100
400
109
410
66
118
99%
Bxohl
IBt.
198
305
Bid. Ask.
Street Railways.
900 308
Second Avenue— Stock.
108
Istmort 5s 1909.. MAN {107
Consol. 5s, 1948.. .FAA 1117% 118
Sixth Avenue— Stock.
303)4 309
Sou Boulev 5b 1946.. JAJ «112 114
So Fer Ist 5b 1019. .AAO {108% ....••
Third Avenue— 5e« Stock Bxch Ust.
Tarry
58.1038 107
110
YonkeiB St RR 58
105 108
88th A 29th 3U Ist 5b. '96 {114
115
Twenty-Third St— Stock. 400 406
Deb 5s 1906
JAJ 106 10?%
Union Ry 1st 5s '43.FAA 113 113
.
W PAM
.
RAILWAYS,
Street Railways.
<&c
Bid.
Westohest 1st 6s '43.. JAJ {109
Ask^
111
BROOKLYN.
AUan. Ave.,5B 1909. AAO
AAO
Con 58 g 1931
Impt 5s— See Stock Bxc
B. B. AW.E. 5b 1933 AAO
Brooklyn City- Stf^ok ...
Cons 5s— Sc:« Stock Bxc
B!s]ynOrog»in58l«u8 J*J
{107%
113%
hlist.
1101% 103
828
330
hange llBt.
107 107%
BklnHgtslBl 68 1941 AAO
3'kyn Q Co.A Sub— Se« St ckBx. Ust.
BfclynRap.Tran.- Se« Sto ok Bx. List
113
1«l.Cem.Or.&B'kvn1«t 6« {Ill
. .
..
.
.
..
.
p
THE CHR0N1CLE.-ST0CK PKIOES (2 pages)
932
8T00KS—HIGHEST AND LOWEST SALE PRICES.
Saturday,
May
•52
•33
58
»3CJ<
Monday,
May
5.
•62
63
85X
589^
31
Tuesday,
May
7.
8.
•63% 63
63
m
6
H'i
42
*1S^
16
I10V6
lOH
•89
83«
im
71
34J4
IIH
»»« 2»H
53
{52% 52%
83% 83% 83
86%
18
18
17% 18
66
67% 68
67%
SO
89
30
89%
•65
Friday,
Wtdnesday Thursday,
May 9.
May 10
83
60
55
60
B« 91% 89
5% 6% 5
38
30
40
voting tr otf ».
•5
•5
•40
5
I
•108
86
•45
•84
•140
.
55M
74W
100
64
67
143
S8
75
8%
82% 23H
10%
54
55
88^
2854
16?«
|16«
•48% 60%
•129
17M
66M
35
•95
•27
130
17
21% 82%
e% e%
68
65% 66%
34
34H
98% 96%
117
164
13
i569i
569<
23%
87% 37H
83
89
86
95
30
154
95
26
158'
1S4
44% 4f%
75
180
16% 17
65
65^
38% 33%
•86
79
63
27% 88%
16% 16%
46% 49
1'!%
43% 44%
76
174% 75
18% 12%
66% 66%
4
4%
83
83%
37% 38
12
£6
18
56
•s%
4%
22% 8S%
37
37%
88% 88%
31% 24%
71% 72%
36% 38%
89
68
8
8
8)% 22
9%
•58
26
64
33
95
30
28
150
43%
«1>3
193
87
45
152
9
9
2
•1
•iO
•t26
*17
184
26
87
79
103
45
•150
118
93
98
86%
78
78
102% 103%
44% 45
•150
95
25%
77% 77%
98% 100%
48%
48
148
161
»H •...^^
2
"36% 40
86% 38%
1%
40
132
17
44%
136
jl26
149
4
4
28k
41%
89%
83%
78
80
American Bzpress
41% American Ice
Do
71% 71%
pref
la^ 12k American Linseed
Do
pref
66k
American SfalUng
•3%
Do
pref
22% 23
3»
40% Amer. Smelting h Refining
t555i
89
24
89
Do
pref.
American
Steel Hoop
IV^
78
Do
72%
pref.
S8
40% Amer. Steel & Wire (new)
Do
78
pref
79%
78
40%
109
110
40
65
••11%
31«
•85
66!-,
*21«
32«
89%
49%
88% »C%
89
49
35
125
•8
63
31
85
32
80
68
97
13
40
62k
69
100
17
31«
80%
81
85
85
20% 20%
^154
1103% 1085,
31%
8S% 89
47% 48«
89
89H
83
6H
85
104
1104
30
64
f%
40
65
70
100
17
30M
2941
87%
46%
87%
8'?
471*
128
130
14% 15
181
18854
88% 89%
80%
80
'109
95
87
77
166
16% 16%
58
•60% 60%
5%
81%
5%
8391
14% 14%
68% 65
•46
48
18% 129^
70% 70%
•»»% 30%
•93
•183
83
Jan
80
Jan
5%May
Mar
12%Apr
43
9
Jan
Jan
32%Jan
9%Jaa
7,080 23%Jan
100 50%Jan
99k Apr
8,350
800
32%May
11
Jan
1,191
51%Jan
14% Jan
45%Mar
43
80
Higheit,
May 88 Jan
Feb 100 Ave
86
22% 22%
63% 63H
5
Refining.
3J
36
64%
66
•95
10
30
84
14% 14%
14% 14%
8
8
9
95
liiu
83
• Bid
183
1188
16
57
8(t
•
180
180
15
15%
16%
67
66
60% 60
5% 8% 5%
79% 80% 77
14% 15
65
48
65
47
12% 18%
71
«7t
29%
93
30%
96
188
183
80% 81%
and asked
prices;
57
60H
5%
79M
12% 14%
Huraet
Hallway.
Cs oertfs lcdbtl903.J&.1
B'kC.ANew 58'39.J&J
Gr.8t.4New lst5s'06A40
G'p't AliOrlmerSt. 1st as.
Kings Co. HDevated.—
1st 4s 1949
Nassau BlBO pref
AAO
5s 1944
lst4sl>)48
JAJ
NewWmb'R&FllBtez.4%H
Bteln\Taylst6il982.
..JfiJ
5
30
SO
65
195
•10
e6
97
17
I85H 85k
65
48
123 1127
80% 81%
no
sales
Bid
825
88
37
133
33
14%
8
88
33
180
180
14% 15%
57
57
•60
60k
36
125
13
102% lo8
100
116
104
108
83
75
109
90
107
109
117
•••••
88
80
118
91
•
125
80% 81
§••-
1115% 11«%
I
62%
i»o
16.890
3,040
1,365
5,625
1,992
2,697
78%M6y
6%Mar
78% -^pr 4
8%Apr 27
21kApr 27
9k Jan 11 ll%Mara6
52 Jan 2 5«%Apr 8
26 Jan 29 33%Mar 26
15%May 9 20%Mar 31
44%May 10 57 Apr 2
9
16
19% Jan 10
111
l2,aao
4,559
8,110
351
Jan
65
18
Laclede Gas
Do
68
100
13,748
638
1,159
1,798
1,075
1,747
88,788
4.438
8,776
8,105
109,670
33.285
899,730
59
31
90
Jan
Jan
Jan
33%Jan
71%May
Wnr
52%Jan
ll
3%Mar
7%Jan 2
31%Jan 2
43%Feb 6
93 Mar 24
50%Feb 6
Arr
35%Jan
20
86
Jan
20%May
71 May
36%May
75%Apr
95%Mar
17
30%
National
20%
i",66n
pref.
79
Manhattan Beaoh Co
86
76%Jaii
44%Jan
18%Aiic
409iAu«
73%Au«
106
pref
National Lead
101
83%
88
33
86
,
Do
pref.
National Steel
Do
pref.
.,
14%00t
58%N0T
85%Mar
pref.
uDo
pref.
United States Bzpress...,
11% United States Leather.
48
. .
Street Ratlwaya.
Bid.
Bz 100
7
Ask.
p.
140
8, 550
46,695
8,800
395
519
8,670
3,387
CITIBS.
M&N
26
858
3(j
Dec
Dec
lUl
107
88
106
88
88
Jan
37%Jan
87%Jan
59 Apr
94%Apr
77%Dec
84 May 4t-%N0T
70 May 8e%Sep
14
t78%Deo 889%Apr
Dec 150 Mar
70 Apr
160 Mar
89%Jan
96 Apr
12?%Feb
57%Feb
77%Feb
140kApr
58%Feb
101%Feb
115%Jan
25%Jan
70%Feb
10%Jan
40
66
80
100
Feb
May
3
3
3
16
23
6
6
19
5
1
11
8
6
26
Feb 13
Feb
Jan
Jan
18%May
8
6
4
40kFeb
2
7
Feb
7
96
163
80
71
63
J'ne
Deo
13% Jan
7%Jan
80 Apr
92 Mar
45%May
77%May
180 May
14%May
May
4% Mar
May
76
Feb
2
$160 Feb
25 Feb
2
104
1155 Jan
00 6 ll%Apr
9,105 56kMay
35 i45 Mar
38,60S 10%Mar
4,633 69 Apr
2,695 a5%Mar
303 90 Feb
139 il28 Feb
31,169 73%May
3',
77% Feb
S49%Mar
19
77
44
Jan
Jan
Jan
104%Jan
!129%Feb
88%Jan
7
8
5
Sep'
DmI
2l%Sep
383%Mar
6 5% Apr
97
Jan 117%J'ly
17
Dec
68%Dec
Dec
30 Deo
70 Nov
51 Mar
9
95%J'ly
5 Jan
31
89
Deo
Dec
36
111
68%Jan
Jan
Feb
6 3% Feb
84 Feb
95
36
85
Deo
Deo
5%J'ne
Deo
108%Ma7
Apr
68 Jan
107%Jan
40%Jan
115 Jan
63 Apr
39
99%An0
48 Jan
880 J'ly
17%N0T
lO^ftApr
55 Jan
139% Apr
61
Aug
91
Sep
207%Cct
3S%Sep
Aug
Apr
15%N0T
79
66
Jan 126
Jan 160
17MDeo
71
2
81 <45
8
3
2
3
64
130
98%Jan iao%Oct
39%Dec 75 Apr
67 Deo 93%Apr
95%Jan 132 Not
87 Dec 76%Mar
95 Dso 110 Jan
28%Feb 6 88%Dec
106kFeb 20 103%Dec
63kFeb 6 31% Deo
97 Feb 6
85 May
54%Apr 5
93%Apr 4
37 Apr SO
38 Oct
138 Jan 8 110 Dec
15%Mar 26
6%Jan
9 Feb 2
6 Mar
47%Jan 2 35 Deo
lll%Apr 2 90%Deo
58% J an 17 44%J'ne
88% Jan 17 75 Dec
189%Jan 19 158 Jan
27%Feb 6 16%Deo
70% Feb 6 60%Dec
60%Mar 8 68%Dec
6%Sep
10%Jan 3
87kMay
May
May
80%AUC
Dec 103%All«
Jan 101 Aug
46
89
80
Sep
Ana
Mar
Mar
Jan
40%NOT
84%NOT
64%Deo
37%Deo 67 Apr
99% Dec 121 J'lr
130 Deo 185%B«»
88 Dec 89%Jaa
oonsboutivb
taq-rsY^SIREBT RAILWAYS,
Railway.
Ry— Con Hi.— He* P
Street
Bid.
Ask.
Street ttallwaye.
New
Orleans City Ry
110
§108
Preferred
CrosBt'wn Ist 58..
J C Hob & Paterson
18k 19k North Chicago— Stock..
88
1st 68 1906-16
JAJ
4Bg N V 1 1949. .M&N
1108
North Jersey St.— Stook.
118
Kansas City Bl 6s.,.
Bonds
88
1
JAJ
Guar 4s 1988
Pat Hy on 68 1931. ..UD
^%
Lake St (Chlo)Blev-Stook
Gen6i 1914
91%
A&O
JAJ
deb 68 1928
Louisv St Ry— 5 p o bonds 5119k 180% P OT 4Pawt'ok-lst6s'33
lonhester
Ry
81% 88
Common.
..•.,....i.
Con 58 1930
AAO
110%
Preferred
116
8d6s 1933
JAD
Lynn&Bos-lst 5s '84.JAD ?114
i Buyer pavs arornBd
Mlnueap St Ry-6s'19.JAJ 1107 109
—
htla.
list.
.
118
111
875
84
Feb 16 121
199 Jan
38 Jan
5 9% Jan
18,567
^
6%Deo
34
i:
Jan
8k Jan
68
Deo
64%Apr 3 81%Dec
154 Apr 7 130 Deo
18%Jan 86
9%May
2%Apr 10
l%Jan
5!%Apr
30%Feb
131%Jan 17" 88 Jan
21 Apr
6%Feb
200 3 5
725 115
5,816
Feb
lll%Feb
30 May
85 May
8,406 19 May
1,091 100 M«y
13,145 29%Ma,r
3.036 87 May
13,988 45%May
7,711
45
21%Dec 33%Sep
18%May 81 Not
45 Dec 59 Aog
a stook dlT.
Col 8t
Buffalo Street Ry— Stock. 100
Ist consol 58 1931. F&A «118
Deb 6s 1932
1108
Chicago City
Stock..
Indianapolis Street Ry....
84%
Cleveland City Ry
100
Cleve Clty-lst 5s "09. J4J 106
Cleveland Bleotrio Ry,.,,
87
Con 5s 1913
MAS 104
Preferred
t
68
65
96
66kDec 84%jan
e%Dec
8%Jan
19 May 25%Apr
7%Dec 13 Aug
2
38 Dec 78 Mar
Feb 1 84 Deo 106%Mar
137%Jan 4 114%Deo 188 Mar
115 Jan 10 110 Jan 133 Mar
194 Deo 106 Apr
S 98% Jan 13
36%I>eb 7
20 Deo 58%Apr
84%Apr 9 74 Deo 99%Feb
380
NewOent.Coal (new stock)
59%
69
•47
(Giybn at foot of
Columbus (0)8tRy
Jan
44%NoT
95
3,696
Biscuit
Do
85
85
Less than 100 shares,
RR—
Oct
l4%Feb
59%Apr
64,845 37%M8y
13,338 66%Mav
3,472 120 Jan
8,107 47 Jan
98 Jan
85 109 Apr
6,458 14% Mar
3,666 58 Mar
5 May
1,100
800 30 Jan
(St. Louis).
11%
Do
pref.
69% 70%
29
29% United States Rubber
94
pref.
94
Do
•115
125 •115 186
Wells, Fargo A Co
est. Union Telegraph
78% 81% 73% 80%
OTHER
Jan
1130 Apr 30 5108 Jan 1119 Feb
18 Feb 7
10%Deo 8i%May
67%Apr 2 61 Deo 68%8ep
37%Apr 7 30 Deo 46 Not
100 Apr 5
88%Jan 97%O0t
33%Jan 22 30 Oct 52%Mar
159 May 8 133 J'ne J160%Au
49%Apr 4 31 Deo 41%8ep
78%Feb 3 78% Deo 85 Sep
16kFeb 6
8% J'ne 16%N0T
60 Feb 5
44%J'ne 81 De«
12% Jan
300 24%Jan
3l0 !142 Mar
pref.
. .
146%
•180
1,8'10
. .
6% 8
76% 73%
13
^rer
iDternationai ijuvei
KulckerDocker Ice (Chic.)
128% 126k N.Y. Air Brake
14% 14% 1«% 14% North American Co
•8
•8
8% Ontario Silver
30
31
30% Paolflo Mall
eop'r8Gas-L.4C.(Chlo.)
101% 103% x99% 101%
46
•46% 49 Pressed Steel Car
78
Do
pref
78
77% 77%
182 188
182 183 Pullman Co mpany
15% \%^ 14% 15% Republic Iron St Steel.
Do
pref
57
57
58% 57%
•60
60% 60
60h Sllliver Bullion Certlfs.
tandard Rope X TwUie.
6
6
SS%
t
5k
73
76
79
79% Tenn. Coal Iron & RR
Do
pref
13
13
13
13
Union Bag A Paper
l-i5
e%
on this day.
Ask.
38J
67
Do
46k National Tube Co
Do
87% 87%
68
68
56% 60
46% :46% 46%
11
11% 12H
11% 11% 11%
70
70
70 k
70% 69% 70
87
27% 2»k
28k 8P% 28%
98
93
193
93
193% 93%
58
•47
•80
95
10
International Paper
6
4U
62% 60
SOH 30%
30%
85
'4%
20% 80% 20% 20% 19
108% 102% 101 102k 100
30% 31k 30%
29% 31
87
87% 87% 87k
879<
46
46
45% 47
OUTSIDE SECURITIES
Ooneyls'auU it Broomyu.
J&J
1st 5s 1903
5
•6f)
67
100
17
123
125
22%
83% 63%
40
62
16,710
pref.
H.B.ClafllnCo
110
21% 23
63% 64
jiio
%i
5
JaiS
e8%Anr
38%iar
44 Not
90%NOT
7%Deo
Dm
8
33% 33% 38
3314
31% 38k
30% 31
133% 104^ 103% 104% 101% 103% 100% 102%
•J8
46
50
18%
48%
49%
4BH 48%
81
78 79
76 79% §80
81
80
•57
86
.
•109" 110
110
88
33
Srt
185
14% 14%
22% 23%
68% 64%
5
6H
81%
•loaji 104
110
110
28% 21
32
•60
7C% 70« H5
•95
•95
100
17
19
•J2
•184
8
21%Apr 4 16%Dec
66%Apr £ 48%Dec
36%Ai r 6 88%Deo
60 Mar 8
86%Jan
93 Mar 22
66 Jan
6%Jan 4
3%J'ne
49%Jan 2 38%May
16%Feb 5
9 J'ne
12 Mar 31
8%Dec
78%Mar 30 64 May
39 Mar 30
88%Deo
13%Mur 26
6%Jan
34% Apr 16 17 Jan
63 May 9
36 Jan
lOlkMar 18 98%Jan
43 Mar 27
87 Ma;
15%Mar 27 10 May
61%Mar 27 40% Jan
81 Apr 17
18kDec
135%Jan 3 117%Dec
01
3«% 39%
67% 68W
23% 83%
«4H ii%
6% 6h
85
2
94 Jan
American Teieg. A Cable.
86% American Tin Plate
•90
.
1125
80%Jan
186 107 Mar
80 l90%Apr
8,367 85 Apr
86
1,776 77 May
Do
77
pref.
77%
77
819,718 90%May
95% 100% 90% 97k American Tobaooo
130 133 Apr
Do
il80% 133
pref
6,796 38 Jan
44
44 Anaconda Copper
43% 44
896 140 Jan
1160
160
•148 151
Brooldyn Union Gas
3,815
8 May
runsw. Dook&C.Imp't
8
8%
8% »
•
100
l%May
1% Colorado Coal & I. Dev't
1%
16,390
36%Mby
olorado Fuel A Iron ....
'il" 39
88
39
10
121
Jan
188
Do
131
pref.
128 181
1,660 14%May
16
14% 16
16k Col. & Hook. Coal* Iron..
8,536 174%Mar
188% 182k 181 183 Consolidated Gas (N. T.)..
88,890 85%May
25% 28% Continental Tobacco
27% 29
8,090 76%IMay
Do
pref.
76% 79%
78% 80
94 Feb
Detroit City Gas
300 101 Jan
Brie Telegraph ATeleph.
106% 106%
•90
26
37^ 38?4 87% S9k 88% 40% 38% 39% Ij^ederal Steel
Do
pref.
66% 679-4 66% 67H 67% 66V1 67% 68%
137 137% 138 189% 187% 139k 136% 137 U37% 137% 136% 136% General Bleotrio
Sugar
Refining,
•50% 5CH 49% 49;,,
Glucose
4
x47
47%
48
48% 9H 48
47% 49
•95
Do
95 100
pref.
100
100
100
99%
i99% 99% *
•"109"
40% il
68« 69
•30
•60
Apr
Mar
Mar
49 Jan
Range for pre/vxous yoar (1Q99)
Lowest.
81
17
68
153
41
40%
73
22%
40%
89%
22%
71%
88%
.
125 Adams BxproM
merioan Car & Foundry
16% 17
Do
64% 65%
pref
33% 83,4 American Cotton Oil
Do
ti6
196
pref
35% 28 American District Tel ....
110% 113% 109% 111% American Sugar
Do
112% •HI 113 111% 118
8%
9
1%
41% 39%
133 126
25
149
4
77
114
•111
25% 26
77% 78
99% 102%
18
17
16% 16%
184% 1181% 181% 181% 193%
29% 29% 29% SO
28% 29%
•80« 81^ 81% 81%
80% 80H
•109
Highest.
83
250
116
11% 12%
55% 66H
21% 28
87% 41
8§% 89
2f% 22
71
78%
86% 38
§••••
34
98
86
164
7S
11% 11%
56% 65%
91
44
149
163
8?:
111
111
187
26
•149
39
178% 74
8%
.
16% 1«%
64%
134
•94
167
40
e%
58
•120
125
Do
78% 74'>4
...pref
8% 8% Wabaah......
Do
81% 88%
pref.
9% 10 Wheeling & L. B., new
Do
63
63
let pref.
Do
8d pref.
86% 87%
Wlsoon. Central, new
16
16
Do
45
48
pref.
nil8cellan*8 Stock*.
28% 86%
15% 15%
44% 46
16% 16%
64% 65
83
53%
iR8
15% 16
45% 4b%
•94
148*'
9%
10
27«
116
I
64%
73% 74
8% 8%
81% 88%
58
63%
78% 78%
84% 25
73% •78H 73
40% 37% 39%
77% •;6
77% 76
76% 78
111% 114% 108% 112% 109
118M 115
73
89
77
79
103
Lowest.
LXi.
842 Fek
80 Jan 89 Apr
.
35 Jan 45
300 68 May 9 68%Jan 24 38 Jan 73 Apr
64
64 Twin City Rapid Transit.
Do
136 Jan 8 148 Apr 12 118 Jan 141 Feb
pref
'62% "il% Union Paoiflo Rr
184,805 44%Jan 10 60%Apr 4
38%J'ne 5l%Deo
•63
63
•
8
8
50
35
97
30
•12%
SS%
73% 74%
17M
•49
17?i
66}«
4tH 45^
89
67
•140
14J
63% 65
64% 66
74% 76
8% 8%
28% 28%
»% 10%
63% 53%
87% 83%
116%
• • • • •
64
87
12C
185
164 §156
76
,
Range for year 1900
On basisof loo-sh'relots
i'.i'so
102,640
14,700
83,340
16,13)
[Vol.
,
•85^
10V6
50
160
60
8
.
2.
43%Jan
91%
,
36^
18H 13%
»«« 56%
19M
S8
7,830
35,470
7,040
Rio Orande Westero
Do
prel.
J. *0. III. TOt.tr. oti
6
6
6
St.
44
Do
42 44
40
1st pref
44
Do
8d pref.
18% 16 •18% 16 •12% 15% 12% 16% •15% 16k
10
10% 10% •10
10k St. L. & 8. Fr., TOt. tr. otf •
10% 10% 10
10% 10
67
70
Do
69 72
lit pref.
70
88
88
167% 67% 67
Do
32% 33
8d pref
33
34
33
34% 38% 83% 32% 38
11
11
St. Looli Soathweitem.
•11
11
18
12
18
11% 11% II
Do
pref
28% 27% 86% 87%
28% 28% 88% 23%
St. Paul & Dnlnth
58
88
62
Do
pref
85% 3654 33% 35% 32% 33% 83% 34% 33% 34% Sonthem PaoUloOo
12% 12% 13% 18% 12% 18% Southern, TOtlng tr. otfi.
13% 13% 18% 13
Do pref., vot. tr. otf»
56% 56% 54% 66% 53% 54% 54% 56% 6S% 6594
17% 17% 17% '^I^exaaA Paolflo
1?% 18% 17% 18% 16% 17% 17
Ahird
107
107%
Avenue (N. T.).,
'107
108 1106% 106%
107% 108 1108% 108%
•86
Toledo & Ohio Central.
25
26
85
•85
•45
Do
•45
45
45
•45
pref.
88% •86% 93
186%
850
pref.
2(1 pref.,
60
'55
60
92
Do
28%
28
Sales
of the
Week.
Shares
A Bt. L.
Plttib. Oin. Ohio.
82
17% T> eadlng, Totlng tr. oUi.
65% 66k AVr lit pref., Tot. tr otli
17% 17%
56% 68%
27% 28H
17% 17%
55% 66
28%
•65
•89
63
N,
11.
•53
58^
17
•82% 84%
84
28
60
May
STOCKS.
Y. STOCK EXCH.
Page
die.
N
.
May
THE CHRONICLE.—BOND
12, 1900.]
BONOS
H.T.8TOCK EXCHANGE
WiBK Emdino Mat
Alabama Cent.
See
May
100
Registered
Adjustment g48
.
. . .
93
too
1995 A-O
1995 Noyt
1905 Noyt
1 902 J -J
Registered
tr ser A g 58
Chlo & St Lou iBtes. .1916
Atlanta & Char. See Sou Ry
Atl &noz.k No let g 58.1946
Atlan & Danv See South Ry
Atlan & Tad. See South Ry
03
92
99%
Bale
lOOH
83^
M-S
J-D
Mar'OO
95^
106
95
Bale
J
1925 J
1948 A-Ot ibo" Bale
1948 A-Ot
Registered
88^ Sale
Bouthw DlT Istg 3>ii8. 1926 J -J
1925 J -J
Registered
Rttglstered
Gold 4s
PJun&MDlv Istg 3^81926 M-N
7
98M
100^ 277
100^
16
98?«
999i
lOOJg
100i4
83X
89H
100
"as" "son
Apr '00
89
00
94^
98i^ 108
99
lOOJI^
78H 85
loSM loa
185
43
92H 97H
07)i 102J4
7 100
101
169
87
91^
'87" "ii'
May'OO
Ft
Registered
1st gug 58.1919 %:
A us
M-S
1990 A-O "95"
118
Bale
HI
Cen Ohio R 1 St og 4^8 1930
WVa&Pl8tg48
SeeNYC&H.
118
112
113
J'ne'99
ibo"
Beech Creek.
Bel
A Car.
Bway&7thAy. Se«MetSRy
Bklyn & Montauk. See L Isl.
Bruns&West. Se^8avF4W
Buff N
Y & Erie. See Brie.
1937 M-S 112«
BulTR&PgengSs
llSHApr'OO
109
118Ji
103 Apr '97
ISIH 131 Apr '00
130
124XFeb'00
131
131
947 J-J
1
Cl&Mah 1st gug5s... 1943 J -J
Boch& Pitts Istg Os.. 1921 F-A
•120
•186
J-D
A-O
A-O
109
J-D
BorCR&NlstSs
1906
1934 A-O 117M
Conlst&coltrgSs
1934 A-O
Registered
CRIF&NWl8tg58.1921 A-O '112H
M& St List gug 78.... 1927 J-D
Canada South Ist Ss.. .1908 J -J I07H
2d 68
1913 M-S
Registered
1913 M-8
1922
Consol 1st 6
Bnff& Southwest. SeeBne.
Bnff&Susq l8tgold5s..l913
1913
Registered
184« 124J<
Noy'99
109)4 108i< Mav'OO
Bale 117M
117X
llOJi Feb '99
105 Jau.'99
Sale
107}i
loen
107
104
107%
107M
106^ 109
115 117^
86
14
Apr'OO
106^ 108U
106U 109H
104
104
CRIaF&N. SeeBCR&N.
Oen Branch U P Istg 48. 1948 J-D
Central Ohio. See Bait & O.
OenRR & B of Gft— Col g 58'37
Cent of Ga Ry— Ist g Ss. 1945
1945
Registered
Oonsol gold Os
1 945
Registered
1 945
lit pref income g 5s . 1046
Sd pref income g Ss . 1 945
Sd pref Income g Ss . 1 945
.
.
.
.
M&NDlvlstgSs
Mid aa &, Atl Diy
Ss.
Ss..
. .
Ist g
N J-lst conv
80
M-N
80
88
90
91
F-At 118^
F-At
M-N
M-N
Oct.*
Oct.*
Oct.*
.1946
78.1902
1
90>^ Bale
1
9J<
90
97«
41H
43
14^
m
Ir
1946 J-J
1 947 J-J
J-J
M-N
Oeneral gold Ss ....... 1 987 J-J
Registered
1987 Q-Jt
Oonvertlble deb 68. .1908 M-N
Am Dock & Imp Co 68.1921 J-J
Le&Hud Rgen gug6s.'20 J-J
Leh & W B C con as 78.1 900 Q-MI
68
1912 M-N
MobUe Dlv
Centof
.
*lo^ii
122
,
Apr'OO
•116
102
toa
91H
43H
13
13
7
Apr'OO
05
103
06
J'ne'09
J'ly'98
M-N
M-8 98 Ji
M-8 • 96
J-J
R&ADlTl8toong4sl989 J-J 103«
2doong48
1989 J-J *
Warm Spr Val Istg 6s 1941 M-S
BUzLex& BSgng 58.1902 M-S 101«
Ohio & Alton sink f d 68.. 1908 M-N 106
Lou & Mo Rly Ist 78 ..1900 F-A 103H
ad78
1900 M-N
MlesRlyBlstsfg 6s..l912 A-O
1989
1992
107W May'OO
Chic Bur
117
97^
Ba'le"
97
96
J'ne'99
99
91
96H May'98
104
104
99« Apr'OO
lOlM Apr'09
101
1903
J
O
F-A
F-A
J-J
J-J
A-O
A-O
Nebraska Hxten 48. ... 1027 M-N
Registered
1927 M-N
Sonthwestem Dly 48.. 1921 M-S
Oonyertlble Ss
1903 M-S
Debenture Ss
1913 M-N
Han&StJoBOon 68... 1911 M-8
Ohio* Bill. Ist 8f our 68.1907 J-D
SmaU
1907 J-D
liteong6s
.,..1934 A-O
Q«noonlst68
1937 M-N
Registered
1037 M-N
Ohio & Ind C Ry Ist Ss 1936 J-J
Ohioago & Brie. Se« Brie.
Ch In & Louls—Refg 6s.l947 J-J
Refunding g Ss
1947 J-J
Lonlsy N A & Ch Ist 68. '10 J-J
mw
Bale
112
113
118« 112%
lOlH May'OO
10454 Apr'OO
104
100^
106
•
lOOH
105^ 106
115
117
llOH
1105<
95
126
10>
126
109
191
116
110%
UIH J'ne'9«
109J<
Sale
131
116
116
Its
116
108
Bale
Bale
116
Sale
115
115
,
106
Jan. '00
May'OO
lObM
181
May'OO
134^ May'OO
135
'
100^
106>6
Mar'OO
106H May'OO
109M
88^ 96
88H 44^
8
PW
J-J
J-J 114«
Jan.'00
172)6 Apr'OO
178)6 Apr'OO
170
170
11494 Apr'OO
...,
.,.,
...,
....
112H 113)4 118
J-J!
11594
115
J-J
J-J
119)4
Ch
St
169W 178M
1129611492
109 118.
May'OO
188
•170
Apr'OO
Apr'OO
in)« Feb '00
172
110
1189^
....
119)4
....
120)4
180)4
iie)i May'OO
liO)4 Apr'OO
120
May'OO
119^181
180
122
120
112
122
noH
108
118
115)4 Bale
109
1192
119)6
120
188
2 140)6 144
11 109
118
108)4 112
108H lllX
107
Mar'OO
Apr'OO
Nov'98
119)6
1151*
107
lOOX
noH
117
119)4
113)6 117
107
109)4
ii6)<
ni"
11794
108
118«
112%
111)6
185H
12S)i Bale
Deo '99
Apr 00
Feb '98
••••• ••••••
130
120
119)4 Deo '98
11896183
103)4 Feb '00
108)4 103)4
103
1129^
112)4
111)4
120
135)6
124
140
139)6
10S)6
112
134
Nov'99
Apr'OO
Apr'OO
Apr'OO
Jan.'00
135)6
107
96
83
11296
118)4
110
180
2 135)6
125H
Dec '99
85 18A%
Apr'OO
Feb '97
Nov'99
May'OO
189)6
18294
107
96
86
e«
119)6
117
118
183
110
106
119
183)i
107)6 Sale
166 172a
117
796119!
111)2
15 n796 180)4
107
119
13294
107)6
Apr'OO
Mar'OO
189M
180 184
5 187
182^
867 103)6 107J6
105% 107
06
96
Deo '99
98)6 May'99
107
108)4 114
108H Apr'OO
106
108
136
.1
HO
127J6
i;0)6
Apr'OO
119*
AN O. See ni Cent.
A Pitts. See Pa Co.
M A O oon 6b. 930 J-D
141i6
132
123b
118)6120)6
183)2
110)6114)6
1& 118
10594 Mar'99
109)6 Mar'OO
107
•183
'00
113
Apr'OO
119)6
115>4
117
*
Feb
141)6
112
118
110
107
2
123
120)6 Apr'OO
120)6
12194
114)6 Apr'OO
137)6 J'ly '99
127% Jan.'OO
111)6 Apr'OO
J -J
J -J
J -J H496
J -J
129
J -J 127
J -J 111^115
iim
ne%
11796 ll'»H
11796 Jan.'00
....
128
120
131
1819«Bale
P A Min iBt 6b. .1 918 M-N
'
'
f
H
138
Mar'OO
Mar'OU
Apr'OO
96)6
181
18694
138
ISO
187*' i38)4
29 93)6 07)4
Oct.' 99
Mar'Oa
118
180
Oct.'99
J'ne'99
Jan-'OO
108
108
Aug'99
Oct.'97
113)6 114
Apr'OO
119H CIStLAC. SeeCCCAStL.
115H 121J< Cln S A C. See C C C A St L.
Clearfield A Mah. SeeBRAP.
130 95« 100« ClAkACe4A2dg6s...l980
96
C C C A 8t L—
3 93
118
F-A
J-D
J-J
01nWAMDlylBtg4i.l991 J-J
StLDIv Ist col trg 48.1990 M-N
Registered
1990 M-N
SprACol Dly Istg 48.1940 M-S
Dly 1st g 48. 1940 J-J
WIWSt Val
L A C cons 6b.. 1920 M-N
C
Geng48
15 101
99
lOSH
99),^
lOOJi 103
105
106M
101%102H
1993
Cairo Dlv Ist gold 48. 1939
Istg
97
Sale
:!!!!!
11
in«
loa
2b
94
a'l3
93
98
Apr'OO
101)6
99
May'99
88
Nov'99
48
98
98
7 101
104)4
105)6 Apr'OO
105
100)4
11594 Mar'OO
188)6 J'ly '99
11694 11694
187
Apr'OO
i'so"
m"
84)4
9a^
108)6 Feb ''99
W
105M 108K
9T9^
9694
97
j'ne'9»
ioiH 101
1936 Q-F •104
Registered..
1936
Cln S * CI oon Ist g 5S.1938 s-fj
10 110« 118
CCOAIoonsol7fl ...1914 J-D 134
101
101«
Consols f 7b
1914 J-D •134
lOiH 1049(
Gen oonsol gold 6i. .1934 J -J •134
108
1 lOOH
Registered
1934 J -J
14 10091 106H
CAS lA M C O C A 171.1901 A-O
O Ind *
lit pf Si.. .1938
Jc
116H 117
Peo A Bait lit con 4i. 1940 -0 88)6 Sale
103 107
113
Income
4b.,.
1990
SO
30 108«
Apr 38
Cl Lor A Wta oon Ist Ob. 1933 A-O 109
Clev A Marietta. Sm Pa RR.
103 103
Clev A Mahon Val g Ob.. 1938 J -J •189)6
120)^ 133
Registered
1938 Qn-J
26 108)ii 113
181
Clev A Pltti. B$t Penn Co.
119
3
Mldl'd—
ga-3-4a.
1947 J- J
78
Col
lit
118T6116
1947 J-J
iBtg 4
78% Sale
1929 F-A
Col A Sou 1st g 4s
8394 Sale
133H 138
OolAOthAv. SMMetStRy.
83 113 117
Oolnm A Greeny. Se« So Ry.
110
1 115
108M Apr'OO
117
US
106 Apr'OO
U6M Apr'OO
111)4
10
J-JJ
138)6 136
185
134
140
32 117^185
Nor WlBOOnsin 1 Bt 68.. 1 930 J-J
140
180
116 122H
8tPA8CltylBtg68..1919 A-O
181
95
Chlo Ter TranBf er g 48. . 1 947 J-J
96 Sale
106
113 1169^ ChAWe8tIl8t8fg6B..1919 M-N 105
119
General gold 6b
119
1 932
131
-D
100
98 lOOM Chic AWoBt Mloh Ry 5b. 1931
100 103
Coupons olt
1981
99)i
103
Choc Okla A G gen g 58. 1919 J-Jd
•114
120
Cln
A D con s f 78
1905 A-O
2dgold4Us
103)6
1937 J-J
114
115 117?«
ClnDAIl8tgug58...1941 M-N W'iii
107«
167 167
172)6 178)1
166)4 178)4
100)6 Feb '98
-Jj
-JJ
J-J
J-J
J-J
J-J
J-J
J-J
J-D
J-D
Chlo* N'west—Con 7e..l915
F
1902 ?.
Gold 78
1902 J-D
Registered
Bxtension 48. .1886-1926 F-A
.1886-1926 F-A
Registered
1987 M-N
Gen Gold 3)^8
1987 Q-N
Registered
879-1929
Sinking fund 6s. 1
A-O
Registered ....1879-1929 A-O
Sinking fund 6s..l879-1929 A-O
Registered ....1879-1929 A-O
85-year debenture 58. .1909 M-N
1909 M-N
Registered
30-year debenture 58..1921 A-O
1921 A-O
Registered
Sinking fund deb Ss. .1933 M-N
1933 M-N
Registered
Des Mo & Minn 1st 78.1907 F-A
B8can&LSuplst6s..l901 J-J
IowaMldIandlst88...1900 A-O
1905 M-S
Mil&MadlBt68
North Illinois Ist Ss.. .1910 M-8
Ott C F & St P l8t Ss ..1909 M-8
Winona & St Pet 8d 78 1907 M-N
Mil LS&W Istg 6s... 1921 M-N
Bxt&Impsf gS8...1929 F-A
Mich Diy Ist gold 68 1924 J-J
Ashland Dly Istg 6s 1 925 M-S
Convertible deb 5b. .1907 F-A
1911 .M-N
Incomes
Chlo Rock Isl & Pao— 68. 1917 J-J
Registered
1917 J-J
General gold 4b
1 988 J -J
Registered
1988 J-J
DesM&FtDlBt4B...1906 J-J
l8t8^8
1905 J -J
Bxtension 48
1905 J-J
Keok&DesM Ist 5b. .1923 A-O
Small
1923 A-O
Chlo A St L See Atch T A 8 Fe
Chlo St L
Chlo St L
Chlo St P
102^ 102;^
lOeMFeb'99
10l«
Sinking fund Ss
1001
Chlo & Iowa Dl7 58.... 1005
Deny Dlv 4b
1922
nilnols Dly g 8^8 .,,1949
Registered
1 949
towa Dly sink fd 68 ... 1919
4s
1919
66
lu6
&Q—
Con 7s
171
lOlH May'OO
105
91
118)^180
Dec '99
100>i Apr'OO
Registered
1 992
Craig Valley Istg 58..1940
90
Oct-'OO
100 Apr'OO
Pao Co
Charles &8ayl8tg78...1936 J -J
Otaes&OhIo—
aes ser A
115 Apr'OO
...1908 A-Ot 115}^
120
Gold 68
1011 A-OT *
119^ Mar'OO
I17i,g
IstcongSs
1939 M-N •ueji ii7Hi 117
Re» istered
91
May'OO
See So
Gen gold 4^8
87>^
Jan.'00
122H 122V6 123
l»2
121^ May'OO
112H Mar'OU
115« 115«
116
. .
Cent Pacific
. .
1B7
170
170
170
•170
.
100
Oarb A Shawn. See ni Cen.
Oar Cent. See Seab & Roan.
Carthage & Ad. SeeNTC&H
.
Bid.
Rmtft
Week
Bine$
Range or
Last Sale.
Jan.!.
Ask. Low. High. No. Low. High
11.
. . .
M
Debenture da
May
. .
See Illinois Cent..
K & T.
Bridge. See
Boonev
Chlo Mil & St P oon 78.1905
1914
Terminal gold Ss
Qen Kold 48 series A. 1989
1989
Registered
Gen gold 3>^8 series B. 1 989
1989
Registered
Chic & L 8n Dly g 5s. .1921
Chic & Mo Rlv Div 5b. 1920
1910
Chic & Pac DIT 68
ChicA
1st gSs... 1921
1916
Dak&GtSogSs
Far & Sou aasu g 68. ... 1924
IstHast&D Diy 7s.. .1910
1910
68
1908
l8tI&DBxten78
1 8t La Crosse &.D 5b.. 1919
Mineral Point Dlv 58..1910
Ist So Minn Dlv 8s. ... 1 910
let Southwest Div 68..1 909
Wis & Minn DivgSs.. 1921
MU&NolstM L68...1910
1913
1st consol 68
933
1.
Price
Friday,
-J
78*goldRD.... 1902 J -J
1903 J -J
l8tC&M78
837^ 379
83M
79MDeo'09
Sale
107
108
Auatln&NW. See. SoPac.
Creek & S. See Mich Cen
Bat
alt & O prior 1 g 3^8.1925 J -J
-
MononRlT
BONDS.
N. Y. 8TOCK EXCHANGE
Jan. 1.
Week Ending Mat 11
Low. High
Chic Milwaukee A 8t Paul
M & Rt P— Ist 7b f g R D.'08 J
IQ2H lOS
Ist
AmDo«k&I. Se«C«nofNJ
Jt
1996
Ann Arbor litR 4s
Atoh T & 8 Fe gen g 48. 1 905 1 O
.
Last Sale.
M-N
Page
(6 pages)
since
Ask Low. High. Ao.
Bid.
Sou Ry.
Range or
11.
PRICES
Range
Week'i
Price
FiHday,
8"S
11.
labama Mid lBtiinK.1928
Albany ASusq. SeeD&U.
Allegheny VaL SeePennCo.
Bqulp
.
88)6
88)6
28
109
180
1
May'OO
80
106
109
180
138
130
89
78
7396
78)6
'^H
83
84
5t
2
4
42
84)2
63
79)4
71)6
SO
89
S3
H
A Val. Se« Hock VaL
Term.
aol Conn
Conn A Pas RIvb Ist g 4s. '48
Col
SmNAW
A
A-O
SMCMABtP.
DakAGtSo.
allaB A Waco. See M K AT.
UOH
117
107
lis
114H 117
* No prloe Friday; latest bid and asked thU week. fBonds due July. tDue Nor. |Dne Jane. IDue j an. lOue May. aOptlon saleB. ODue Aug. cDue AprU. dDue Dot.
.
OUTSIDE SECURITIES
Btreet Railway.
ko Bide Bl (Chlo)— Stock.
BrraouBeRap.Tr., 6s, 1946
union Trao (Chlo) Com.
Prof OTT od
United Rys (StL)^omi
Preferred
4b.
On'd TrABleo(Prov)-St'k
Bid.
1
96)6
94)6
Ask.
9»%
97)6
SO
76)6
19)4
69
86
109
108
77),
31
70
87
111
West Chicago bl
108)6
Oon 1936
MAN 102X 108)6
Worcester (MaBB)Tr-Com
89)6 80)6
Preferred
,,
104)6 108
(Given at foot op 7 oonsboutivb PA.Qm).—9A8 SECURITIES,
Gaa
Bid.
Securities.
Ask.
Gas Securities.
N Y A Bast River Gas—
1st 58 1944
JAJ
NBW rORK.
Consol 5s 1945
JAJ
106
Cent Union Gas— 1st 6b no8
Nor
Un
Ss
1987.
1st
.MAN
Oon Gas (NY)— Stock- YStk Bzoh
Standard
Gas—
Common.
100
98
MAN
Deb 6s 1908
Preferred
114 116
Hqnlt Gaa
Ist 5s 1930
MAN
MAS «114 116
Con. 5s 1983
OTHBB CITIES.
805
880
Mutual Gas
Baltimore
ConsoUdat—
83
8e
86
N. Amsterdam Gas, Com.
Bay State Gas—
48
SS
Pref
? 96)6
1 Bt conBol Ob
97H Boston UnltedGa* Bonds.
Bid.
Ask.
<&c.
Bid.
Gras Securities.
Gas—See N Y 8to ok JjU oh.
200 201
nnoinnati Oas A Coke.
64
50
)ol Gas L A Heat—<3om..
(Jhlcago
{1C4
106
90
100
130
ills
108
107
94
110
188
118
.
Preferred...
1933
JAJ
.nsoUd Gas (N J)— Stck
lit 5b 1930
JAJ
Cmsol Gas (Pitts)
1st 5s
,
no4
81
106
19
16
86
63
•
••tt
68
118 118)4
Bonds 5b
1)4
1«
seeet
Consum Gas (J City)—Stk 108
-Bosto nLU
MAN tlOl 104
City Gas— Stock..
Ist 6b
6
7)6
NT Hleo Lt Ht A Pow—N. Y.Stk. Bxoh Buffalo
sh
are.
Prloe
per
Interest
t
{And
Bonds
Ss
70
78
Ist
1
Gold Os— Se« N. Y. Stk. Bzoh. List.
sBalt. LIB*
Pref
•
JJ
1
THE CHRONICLE-BOND
931
Price
Friday,
BONDS.
N.T. STOCK EXCHANGE
Week Enbino May
May
Week's
Range
Range or
since
Jan.
Last Sale.
11.
1.
11.
PKIOES
1871-1901 A-O
1915 J-D
1915 J-D
Be^iitered
1931 J -J
..
Lack
lit
6i
MT
ft
1933 P-A
Oonatraotlon 6s
1933 M-N
Tenn&lmpt 4s
Btt Blng A N T 1st 7s.l90e A-O
1900
A-O
Warren 8d 7s
Del &
1st Pa D1t7s.1917 M-S
1917 M-8
BesUrtved
lb & 8jislstoonga7sl906 A-O
1906 A-O
Seglstered.,..
1906 A-O
Onargoldes
1906 A-O
BegUtered
1921 M-N
m«ns£8ar lst7s
1921 M-K
Registered
107)4 Mar'OO
141*
W
!40
141
Ooi.'98
188H 137
Apr '00
141
136
119
105
183
•118H
108
i4*5
!!!!!. 146>i
148
H—
118
118
133
118
118
••••••
113
147H
107V4 107)4
8 139 141)4
136
119
105
123
146)4148
3
J'ne'99
1938 J-D
l^Stheztgold 4s
gold 7s
1930 M-8
M 1st oonsol gold
fd 7s.. 1930 M-8
1st oonsol
Istoon g 4t pr bds.1996 J-J
1996 J-J
Begistered
letaongenlleng 4s.. ..1996 J -J
1996 J-J
Begistered
BnlTN T ABrle Ist7s.l916 J-D
BnlTAS Wgold6s....l908 I1908 J-J
Small
Ohio & Brie 1st g 6s. .1982 iML-N
faff BB 1st ga gold 6S.1909 A-OII
IiOngDookoongold 6S.1935 A-O
Goal & RB 1st ga 6s.l922 M-N
Dock & Imp 1st orires.1913 ,r-j
90
116
1987
SdgOld4^s
,,1940
General g 5s
Terminal 1st g 5s. .1943
Begis 95,000 each .1943
WUk&EaslBtgn g5«1942
. .
rte &
Pitts.
S<!«
Pa
ii':)*
105
136
ll«HJan.'00
118
119)4119)4
IlS^Feb'OO
tl3« 116)4
183)4 Mar'OO
106)4 Apr'99
183)4 138)4
117
12 137
148
Deo '98
123
93M May'99 "78
73
71Ji
98
88
••••••
67*
75)4
Oct. '98
i
is" Apr '00
139)4 Long Oook.
113
97
US
Apr'OO
•••«#•
Sale
104J4
65
125^ 185
107H 107)4
13 104
i05>4
108
•••ta
124
108
107)4 109
.
103
110
•f«*tt ••••••
sa*t«t •••••!
97)4
XOo
106
12414 126)4
107)4
108
Apr'OO
100
183)4
1^8)4
10"
101
107)4 May'OO
101 Mar'9V
35 180
8 108
105
108
183M
10S)4
110
.,,,., It,,.
...... •••ft
...,
71
57)4
101
59
105
70
60
104
108
100)4 89
99)4
Mar'98
50
70)^
Apr'OO
« • •
Mar'OO
70
65
60
103
10494
Deo
Feb '00
•••
89
89
Jan.'00
99)4
99)4
'98
•••«tl
«
9W
Hoek Yai
Ist eon g 4^8.1999
Begistered
1999
Col AHiV l8textg4B.1948
Honst B A
T 1st g 5s.l933
Hoas A Tex Oen. 8m 80 P Co.
W
Illinois Centralist gold 4s
1029^ Sale
*106
101
1952
LNOATexgold
4s. .1963
Begistered
..1962
Begistered
Cairo Bridge gold 4s.
Begistered
Iionlsville DlT g B>«(s
Begistered
Middle DlT reg 5s
St LonlsDlTgSs
Begistered
No price Friday
115«
114H
105^
1953
.1950
A-O
A-O
M-N
M-N
J
103
105 Apr'OO
103)4 Apr'OO
108
100
115)4 Apr'OO
113)4 Mar'OO
114
108)4
108
106
103
103)4 108)^
183
91J4
98
GtLU Becurltiea.
Gaa— Sm M T Bio
B«sex A HndBon Oas
Fort Wayne (Ind)— Btojk
JAJ
1st 6s 1925
Bid.
tt.
85
40
57)4
Grand Baplds— Stock
105
FAA 1103
1st 5s 1915
Hartford (Ct) Gas L... 25 t 48
Hudson Co Gas
88
loiH
5ifi:1949
Ask.
IISL.
87
46
60)4
108
105
41
102)4
Indiana NatA 111 Gas— 8tk
lit et 1908
MAN
88
46
68)4
61)4
Indianapolis
95
Gas— Stock.
MAN
100
100)4 lOS
10 100
103)4
May'9«
Apr'OO
'96"
L B A St L Oon on g 58 Tr oerts
58
188)4 May'OO
117)4
118)4
110)4
110)4
ai
104
11
7
ii«<
130
88
67
111
1S1I4
68
TS
»4
M
lliM
116)4 1>S
108)4 118^
IIOSIUH
Aug'98
109)4 May'OO
10894 NOT'99
116 Feb.'00
109)4 Oot.'99
10894 NoT'99
>
93
108
llOM
lis
116)4
• • •
6
93
91)4
OSM
...«•
»«ttM
*99
J-J
J-J
M-N
A-O
M-8
H
J-D
M-N
Nash A Deo 1st "78
1900 J-J
N QAM Istg 6r ..,,.1930 J-J
Sd gold 68
....1930 J-J
Pensaoola diT gold 68. 1980 M-S
t'ens A Atl 1st gu g6s.l921 F-A
BtLdlTlstg 6B.......1931 M-8
8dg88
1980 M-8
SANA oon gng5s... .1936 F-A
Binkfd(SANA)g6s..l910 A-O
Kentuoky Cent g 4s .1987 J-J
[iANAMAMlstg 4)4a.l945 M-8
NFlaASlstgugSs ..1937 F-A
L A Jeff Bge Oo gu g 48 1946 M-S
1990
Begistered
MetropolBl Istg 6s... 1908
W Oolonu g 5s. 1934
KeK'ptASy. SmPMoKAY
8
.
J-J
Istoon Income g3s...l939
Id oon income g 8s. . ,1939
J'lyl
J'lyl
.
1WI7
105
105
36
105
106
709<
14
68
Apr'OO
• • • •
6
71
8
May'OO
106
70
6
10 116 ISO
180
180
113)4 Apr'OO • • • • 107)4 ll««
140 0694 lOlH
101
9B94
89
,
May'OO
Mar'OO
,
.
97)4 Sale
109)4
90
183
Apr'OO
66
111
Deo '99
10894 ioa9<
188)4 ISO
lid
111
99
38
101)4
116
lie
117
117
111%
uaW
1S3
IS6I4
107
111
9594 98
107)4 107)4
109 11094
97)4
97)4
107)4 Jan. '00
Apr'OO
1109i
96)4 Oot.'99
9994 Bale
903 100
niil ii4)4
Feb.'OO
109)4 NoT'9H
11394 Apr'OO
,
60
109
106)4 10»)i
98
9SM
106 NOT'97
114)4 May'OO
108 Jan.'98
10394
,
"3
09
106
1*1*8** 1*1*6)4
6s
13
A-O
411
411
H7W 148
86
14
15
Intematlst con g 4s.'77 M-8
1937 J-D 103
Nat 1st gold 6s
Id Ino 6s A Cp stmpd. 1917 M-Si
Id income gold 6s B..1917 An.i jseesi
(ex North 1st gold 6s. .1910 J-D •105
1910 J-D
Registered
70
80)4 May'OO
79)4 80)4
8694 Sale
<Iex
<Iax
**9*a)4
May'OO
8594 Apr'OO
108)4 Apr'OC
81
Apr'OO
ISM
••••••
13)4
8694
103
ao
May'OO
106
80)4
10
81
13)4
106
81
MM
16
88)4
108)4
81
17
106M
4LSAW. SMOhloANW
A Mad. Sm Ohio A N W
A North. Sm Oh MA St P
A St P. SMOhMAStP
Dae January.
T
(Given at foot op 7 oonsboutivb pages).—
G^
ist.
.•••• •••*#«
...,• •••»•<
•
Jan.'99
139
117
.
181
ioa"
SMManBy.
W
8 BU Bee "UnllBted."
Met
Mex Cent oon gold 4s. .1911
108)4
Laclede Gas— N Y Stock Hxch.
Lafayette (Ind) Gas— Btk
40
45
lst6i 1924
MAN 60 66
Loganept A Wab y al— Stk
40
45
I8t6s 1925
61
JAD 67
MadlBon (Wis) Gas— Stok
76
80
Istes 1936
AAO »104 107
Newark Gas 68 1914
141
1140
Newark Consol Oas ..100 65
60
Cs 1948
103
JAD 1
.....
109)4 Mar'OO
Bale
*9'e"
18 97)4 lOS
4 10094 102)4
108)4
86
98)4
98)4 408
..•••«
106
107
105
,
A-O
J-J
J-D
S
103
106
94
Sale
#••••
ISO
118
10114,
•138
•115
•109
•110
•183
MahonCoal. SmLSAMS.
anhattan By oon4s.l990 A-O
tloh Cent. Sm N Y Cent,
did of N J. SMErle.
Ga* 8eoarltlea.
Bid. Ask.
Kansas Ctty Gas
100
40
33
5s 1982
A&O «-00)4 lo:)4
••••••
•
108
98
103
'
180
Mar'OO
103
106)4 103
10094
1109^
9994 Bale
..1940
Begistered
1940
OoU trust g 5s
1931
Col tr 5-30 g 4
1903-18
Oeoel Br 7s
1907
B A Nasn Istg e8...1919
LOinALexg 4WS....1031
Man
183
118
Unl0edg4s
Bonds due August,
New Eng Oas A C— SmBo stonL
781^
7lJi
7094 Sale
3
6
General gold 48... .....1943 M-*8
LonisTUle A NashTUle—
General gold 6s
1980 J-D
Gtold 6s
1937 M-N
ill
t
May'OO
114
105
SM&lAAlt.
quipAoollg
« • « •
•
I
,
Mar'OO • « Ik 10314 105
104MJan.'99
"17 101 104
101
103
98 Jan.'00
08
08
these are latest bid and asked this week,
;
115)4
113)4 118)4
104)4 105)4
105 Mar'OO
103)4Apr.'98
103
-D
1950
D
.1953 J-J
1963 J-J
1931 F-A
1951
J
1961 l-T - J
Detroit
1930
98%
*1029^ 108)4 106
OUTSIDE SECURITIES
1st 61
48
103)4
83
101)4 8
..1931 Q-Ji 1>T)4
105
......1931
General gold is
1938 f-'i 103
Ferry Istgold 4)48. .,,1033 M-8 103
Gold is...........
1938 J-D • • •
Unifledg 4s
96
1949 M-S
Debenture gold 68. .... 1 934 J-D 100
Bklyn A Mon Istg 68.1911 M-8
•'1*0*9*
1st 5s
1911 M-8
NYABBl8tg6
1937 M-8 103
NYBAMBoong58..1936 A-O 103
Mor Shb Istoon gga 58. .'33 y-o 104
Metropolitan Bl.
1951 J -J
4s
*
103)4
88
6894 Apr'OO
1*0*6)4
See Met St By.
Bee Brie.
.
J-J
J-J
A-O
M-N
IDS
104)4 101
1*0*8*
59
115
98
•
LNAAC. SmOIAL.
Begistered
1951 J -J
1951 J -J
1st gold S^s
Begistered
1951 J-J
Istgold 8s sterling.. ..1951 M-S
Begistered
1951 M-8
OoUTmstgold
A O
. .
VGA
Han
1S694
Sep.'99
Apr'OO
Sale
Long Island—
Istoong 68
Istoong 4s
La A Mo BIT.
NOT'97
Apr'OO
186
100
Lex At A P F.
116)4 ISO
107)4 111
98
99)4
93
97)4
108)4
••••• •••••
111
ill
99)4 Apr'OO
97
88
W
139
••••• ifftes
••••• •••SI
••>«•
119
104
105
107
BB. Sm Brie.
IZalAAOB. SmLSAMS
5^^
i^?!"^- Sm Tol A O C.
K
C A MBAB
I8tgng5s.l939 A-O 100
|CPAGtrot. fstg6s
A-O 71)4 Sale
KanOAPao. SmMEAT
Kansas Mid. Am 8t L A 8 e
Bentnoky Cent. Sm L A N.
Keok A Des M. SmO BI A P.
KnoxTllle A Ohio. SMSoBy.
LakejBrte A W 1st g 6s. 1 937
121)4
Sd gold 6s.
,1941
118M Bale
Nortti Ohio Istgu 6S..1945 A-O
118^
L8AM& Sm
NT Cent.
Lehyal(Pa) ooUg5s..l997 M-N 103 ....
Begistered 5b..,.
1 997 M-N
Leh y N T 1st gng4)4B., 1940 J-J 109 110
Begistered
1940 T-J
Leh y TerBy Istgu g 6i)1941 A-O 113
Begistwed
1941 A-O
L y Ooal Oo 1st go g 5s. 1933 J-J
1033 J-J
, S???\^???':
Leh A N T 1st gn g 4s. ..1945 M-S 98 Sale
Beglitwed
1945 M-8
B10ANlstfl:lstp(6s.l914 A-O 110
114
18
Deo '99
Feb '00
186
108
H9H
106)4 Aug''*99
,
Gold guar 5s. ...... ,.1914
Leh A Hud B. SwCen orN J.
Leh A Wilkesb. 8m Cent NJ.
:i7)4 Leroy A Oaney yau Bes Mo P.
Feb '99
H5)4'May'00
L06 Deo '99
89)4 Feb '00
109
181 Feb '99
90
NOT'98
18694
13694
111
l-D
1951
.
1
Co.
HsoanAIiBnp. SssO&NW.
«reka Springs 1st g es. 1933 F-A
TATHlst&}n6s.....l9ai J-J
litgeneral gold 6s, ...1948 A-O
1938 A-O
Mtyemonlst6
BoU CoBr'oh Istg6s..l930 A-O
rAIndlstoongn g 6S..1986 J-J
rargoASo. SMObM&StP..
M g 6s. ..1930 A-O
FUnt & Feregold
5s.... 1939 M-N
1st eonsol
PtHoTonDtT 1st g 5S.1989 A-O
ria Oen & Pen 1st g 5s. .1918 J-J
1st land gr ezt gold 5s. 1930 J-J
1943 J -J
Oonsol gold 5s
Ft 8 A y B Bge. See StL&SF.
1st
g
4Wsl94
D
Co
St
U
Vort
rt W A D O— 1st s 4-6s. 1931
rt W A Bio Qr 1st g 3-4S.192S
Bar ASA. S«« 8 P Co
Gal HAH
of '82 1st 5S.1913 A-O
al
Sa A Ala By lat pf g 5s.l946 A-O
1946 J-J1
1st consol g 6s
Oa Oar A No 1st gn g 5s. 1929 •I-J
Oflorgla Paciao. S««8oBy.
Nor. See 80 Pac Co.
Olla
Chrand Bap A Ind. Bte Pa Co.
Gray's Pt Term See 8t L
A 8t J. S«v B A Q
onsatonlo. See NYNHAH.
107)4 118
118
M-N •••••
A-O '118
J -J 109
F-A ^3)4
F-A 96
M-N Ill
M-N •tee**
J-D 105H
MldBBomj
N T 8 & W— 1st ref 6S.1937
114)4
lOSJi
MT&areenLgag5s.l946 M-N
1946
1st g 6s.. 1910
Apr '00
ll7«Feb'00
140
«•• aittf*
108
110
Sigh
99)4 108X
••••1 •«•••«
118)4 Apr'OO
181)4 Mar'OO
76)4 83)4
107 110
I.
Deo '90
96
MemDiTlstg4s,.,.1951 r-D
Jefferson
Lota.
108J4 May'OO
101)4 Oot.'99
181
98M Feb.'99
90
Ask Low. High.
i°? H,* K^"'
108)4 10494 Int A Great Nor—
Istgold 6s
96)4 eoH
108M 109
Jan,
11
109
108M
139
sines
1919 M107 107
SjBoWf*.
1909 M.
8d gold 4s...
13 10194 106)4
1831 M-S
Iowa Central lstgoId6s.l938 J-D
Iowa Midland. Sm Cb A N
88M Apr '00
Apr '00
73)^ Sale
.
Bmall
Bale
Last Sale.
Week's
™'8 6s. .1948 A-O
36
110
143
89
11.
Bid.
_^^^«l»tered
LXX.
Range
Range or
L. Dly. (Con)
.\.:.1951
W
Ma7'98
[Vol.
Price
Friday,
May
•St
8tL8onlBtgng4s...l981 M-8
Ind Deo A
1st g 88. ..1935 J-J 105
l8tgnarg68
1936 J-J
Sep.'99
108}^
•108X „..
*138^ 189H 189
He
180)4
"19 118)4 116
113
Del&lTBBBge. SmPsRB.
Den & BOr 1st gold 7s.. 1900 M-M lOlJC ..... 104« Apr'OO
1936 J98% Sale 989i
lstOong4s
99W
1936 J -J 106 107M 107 Mar'OO
lstoong4Ms
Improyementgold 5s. 1938 J-D 104H 106Hi !05)4 106H
Bes H A Ft D. Sm O B & I P.
113
118
Dec '99
164
141
BMM&Mlnn. S««Oh&NW.
••MUnB7lstg5s...l917 M-M 107 109
BetM&Tol. SMliS&MSa
DetAMaok Istlleng4s.l993 J-D 93
1995 J-D
Oold 4s
83M
110
Dal A Iron Bangs Ist6s.l937 A-O
1937 A-O
Beglst«red...
1916 J-J
|Ftd6s
110
•alBed W & 8 Istg 5S.1928 J.J
115
iolSoStaoreftAtg 5s. 1937 J-J
S«eStPM&M.
of
Minn.
Bast
astTVa&aa. 8M.B0B.7.
IglnJol&B l8tKSa...l941 (tt-N 109«
UlIiez&B8. SmC&O.
ImCort&No. S«eLieh&NT.
1947 M-N
»rlelsteztg4i
1919 M-8 *iaok ....
'lid ezt gold 5s
1933 M-S 116H ...
Vtdeztgoid 4H
1920 A-O •1819«.,..
:SithextgoId 5s
137)4
180
106
183
Ang'flS
May'OO
Hay'97
118
EXCHANGE
2.
J-J
Begistered
1951 J-J •••••a ••••»•
Spring DlT 1st g 3)4s. 1951 J-J >*se«8 •••••
Begistered
1951 J-J
Western Line 1st g 4s.l95l F-A 11394
Begistered
1951 F-A
BeUeTACarlst8s,...1988 J-D
CarbA81stg4s
1932 M-e 100
Ohio St I. AN Og 6s.. 1961 J-D 126)4
Begistered
1951 J-D
OoId8)4
1961 J -D
Keslstered
1951 J-D t«>«e« eatet^
• • • •
May'OO
Mar'OO
Feb '00
Page
(5 pages)
Week Endino May
Ask. Low. High. No. Low. High
133 183% ni Cen St.
Dal Laok & Weitern 7t..l907 M-8
138% Apr '00
Gold8)4s
13H)4
186 148
138M
Morrtfl * Biiex lit 7s. 1914 iM-N 137H
litoongnar 7i
.
BONDS.
N.Y. STOCK
Bid.
184
n
.
.
I
i
Due AprU.
I
Crae 8eenrltlea.
Ohio A Indiana— Stock.
JAD
1st 68 1926
.
Peoples Gas A Coke— N Y
Philadelphia Co— Sm Bos
50
ProTldence Gas
8t Joseph (Mo)
JAJ
5s 1937
St Paul Gas— Stock
Oonsol 6i 1944 ....MAS
Syracuse
Gas— Stock
JAJ
Ist5sl946
Weitem Oas (Mllw)
6s— Sm
NY
St
Bx
list.
Bid.
Due
J
Ask.
84
88
63
66
Stock Bxch
ton L 1st.
t 95
48
88
97
* 94
60
55
88
i 73
13)4
17)4
88
00
98
96
/S;
October,
i
TEL.
Dae
<S
July,
a Optional.
TELEPH.y do
Bid.
Teleg. <& Teleph.
Velec. ae 'A'elepn.
Aiiorloan Dlst Tele— NY Stock
Bell Teleph. of Buffalo.
110
Ceatrai A South Amer..
104
C les A Poto Teleph— Stk 63
5s 1909-89
...JAJ
105
165
118
O )mmerolal Cable
C )mmer Uulon Tel (NY).
B nplre A Bay State Tel.
76
B -le Teleg A Telep— Sec 8 tokBx
Franklin
{And
43
108
66)4
Its
170
List
60
interest. tPrioe per sh are,
.
.
May
13,
A
. .
THE CHRONICLE —BOND
1900.]
Price
Week'8
21 Friday,
BONDS.
Range or
EXCHANGE
N.Y. STOCK
May 11. Last Sale.
Wbbk KMDiNa Mat ll.
Bid. Ask. Low. High.
160 149
li^H
Mlim * 8t L— lit g 7t 1927 J-D
1831^ Apr '00
Iowa ex 1st gold 7i. 1009 J-D
129
lstK7s.'10
J-D
127
Jan.'99
BoathWeitex
138
128
Paolfloex lit gold 61.1931 A-0 »•••••
19S4 M-M tl4^ 116 114 May'OO
lit ooni gold 5i
98>< Sale
98
lit and retund. 4b. ...1949 M-8
MlBABtLga. SmBOB&N
gu..'36
48
Int
at
J-J
M * P 1st 6s
Bange
Jan.
1.
Low. High
S Y
14SH lei
1S8
138
113
35
98
93Vi Sale
Sale
91^ Sale
68
All
M-N
IstaxtengoldSs
BoonoT Bdk Ooga g 7s. .'Oe W-N
DalAWa 1st gagSs. 1940 M-N
lIK*TotTlstgQR6s.'42 M- »
90
93
97
J-D 95
80
&O&Paolstg4a....l990 FVebo if Neosho 1st 7s. 1903 J-D
MoKABlstgng 5s... 1942 A-0 102H
Slier 81i&Soulstgug5a.'43
lUH Sale
186
101^ I04X
MobABlrm
Small
1945
1945
Small
1
113
113
117?^
99
48
95
114%
94
101%
96
70
90
98fi
116H
93H
Sale
93
93
93
106
106
9^
*
Mob Obio new gold 6s. .'27
1st extension gold 6s. 1927
May'OO
.
116^
93
93
10E9i
112>< A^pr'OO
118>ii
113
98 109^ 113^
no^
no
llOX
llOJi
<tsaei
«•••
130
128
126
87
109
107
1901 J -J
1923 A-0
1917 J-J
litesTAPb
lBtesMoMMWAAl.1917 J -J
lstgold6sJasperBcta.l923 J -J
lit oon gold 6s
130
105Ji
112
8ep.'99
17
110
139
183
118
189
188
804*;
Registered
St P A N P gen g 6s. . .1928
193?
Registered otfs
Wash Cent 1st g 4s. . . 194&
Nor Pac Ter Oo 1st g 6s.l93S
Nor Ry Oal. Bee 8o. Pac.
Nor Wis. Saa O St P MAO.
Nor A Mont. Saa N.Y.Oent.
lf«w&OUiBdge. 8«aPennOo
If 0&NUprlorlleng6s.l915 A-01
K T Bkln & Man Bh. 8m L I.
NTOent&HB Ist7s..l903 J -J
111
Ill
J-J
J-J
J-J
M-S
M-8
M-8
J-D
J-D
DebtoerUextg 4S....1905 M-N
1905
Beglstered
M-N
Lake Sbore col g SMs.1998 F-A
1998 F-A
Beglstered
Mloh Cent ooUg3Hs..l998 F-A
1998 F-A
Beglstered
Beeob Ork 1st gu g is. 1936 J-J
1936 J-J
Beglstered
1936 J-J
Sdgugold 5s
1936 J-J
Beglstered
GartAAdlstgu g 4s. 1981 J-D
1903
1997
aSM*
1997
Beglstered.
Debenture 5sof 1884-1904
Beglstered .... 1884-1904
Beg deb esot... 1889-1904
Debenture g4s.. 1890-1905
1890-1905
Beglstered
Beglstered
106}<
111
106^
Dec '99
113
Dec '99
111
1109^
IIOH
Sale
104^^
103«.....
••••
seete
10196
101
O O Fa St
UOK
110
.....
111
10
11C«
106
•«••!
•••••'
112
Sale
*....
112H
1900 Q-Jl
1903 J-D
1908 J-D
1997 J-D
lOlM
114^ 115
114H
110«
J-D
A-0
F-A •119
J-J 185
J-J •129
M-N 10696
M-N 102Ji
M-8 119H
M-8
Beglstered
....1997
01n& S lStgLSAMS7s'01
Det Mon & Tol 1st 7sl906
KAJ^GR
Istg05s.l938
Blahon O'l RR 1st 5s.l934
Mich Centr-lst oon 7sl902
1902
1st con 5s
1909
6s
1931
1931
1940
fs
Registered
is
Beglstered
1029i Aug'9U
98^
fl''Vi
9Hi May'OO
97
97
97
97
llOJi
110«
106
J'ne'98
95
J'l7 '98
67
103«
90
97
95H 98
82
98
97
05>i
96
108
4
.1
110b
g 3>^( 2000
2000
Beglstered
No price Friday
M-N
M-N
A-O
;
Qjld AStook
lib
00
Bonds
Intematlon Ocean. ..,,,.,
Mexican Telegraph
Mexican Telephone— S«a
New Bug Telei;>— Sm Boat
Northwestern Telegraph
N Y A N J Telephone.
.
MAN
Atlantic. .
ProTldence Telephone. .
Benthem A Atlantic
118
102H May'OO
101
101
114^
114M
I
k •
116
816
Bosto
OQ list
133
170
110
75
•
6
6
11496 Apr'OO
111
111
119
Aug'98
103^
J
-J
116
103%
Sale
1159(
116
nttsOlnAStli. Saa Penn Co.
?
A St L. Bu Penn Oo.
nttsCIeTATollstgSs..l922
138
118
885
nllst.
186
176
118
04%
• s •
06
100
••
•
lOa
Not'98
119%
Oct.'99
186
186^
Apr '99
111% 116%
111% 111%
106M
...,
...,
101%
101%
101
108%
108
117%
10
Apr'OO
101% 101%
101
101
Hi
117
109% Apr '97
116
116
113
109
Apr'OO
Apr'OO
100
139^
136
I3i
108
113% 116
Not' 98
Apr'OO
Apr'OO
106% 109
100
100
135
136
I8i
189V6
Mar'OO
Feb '00
May'97
189%
186
18i
108
108
109
Jan.'OO
I129i Mar'OO
108
118%
'l0a"NoV'97
ii7'"
m"
101 May'OO
100% Apr'OO
82 Jan.'00
100
99
100%
88
as
I309i Mar'OO
130% 180%
117
132
May'OO
96
Dec '99
J-D
187
NOT'97
A-O
107%
00t.'98
181
NOT'98
90
J'ne'99
101
1934
nttsP AFlst g6s
105
Reading Oo gen g
189%
•et*t* •••#•«
••••ft ••••#
lOiH
10696
Jan.'00
108)«
t
Consol Blectrlo Storage.
Bddy Blectrlo Mlg Co..35
Bdlson HI ni Co NY— N Y
Bdlson HI ni Co Brk— N Y
HdlsoD Ore Milling Co.
Bleotro- Pneumatic Trans
Fort Wayne Bleo. Co.. 86
A
16
103% Mar'OO
117% Feb '00
1916
108>6
lOSW
Due Jan.
t
. .
I
I
87%
is. . . 1997
Beglstered
1997
Kensselaer A Sar. Bee D A H.
Bleh A Dan. Bee South By.
1939 J-J
Bto Gr West 1st g is.
Utah Cent Ist ga e 4s.l917 A-Ot
Due July.
I
Due June.
99
8i
.
I
Due May.
1
•
Bid.
PhUa
Ask.
list.
Stock Hxch
165
il
8
170
46
13
14
10
Stock Hxoh
Stock Hxoh
t
11«
89<
3
ae"
48
118% 115%
115% Mar'OO
87%
Jan.'00
1009i May'OO
100% Apr'OO
Sale
9996
OOH
88
8i%Dec'9U
9954
88
99%
86% Mar'OO
99
86
IV^'l^
Due Not. a These are option
sales<
FERRY
Companies. Bid. Ask. Ferry Co'"Pa''le««
Oeneral Bieoirio Oo N Y stock Hxoh
Verry (Jompaniea.
Brooklyn Ferry-Stook ..
Do prof.- Sea Boston L 1st.
Bonds 5a— See Stock Bx
Hartford (Ct) HleoLt Co. ICO
80
Metropolitan Ferry— 5s..
18
Mo Bdlson Hlectrlc
56
Do preferred
N r A N J FerrT— Stock..
53
JAJ
Narrajfan. (ProT)HlCo.60 t 03
1st 5s 1946
Rhode Inland Blec ProOo. 180
N Y A H R Ferry— Stock.
84
Unitert Hlectrlc of N J...
Bonds 5s of 1982. MAN
81
78
48 1929
74
H }boken— Stock
1st 6s
United Eleo Lt&P Co pref SeeBal to list
Con. 09
4%d 1989— See Balto II St.
lAna interest. tPrlce
Woonsooket (B I) Bi Co..
Electric
Bid.
—
I
I
100%
99% lOOS
864
87
(Given at ioot of 7 oonsboutivb paobs).— r^i., ELEG..,
Series
105
102
••• •••••#
....
...,
....
M-N lOSH
fine Creek reg guar 6s. .1932
lOiM 110
111% Jan.'00
J-J
J-J 00
ntts8hALBlstg5s..l940 A-O 118
1943 J-J
Istconsolgold 6s
116%115% ntts A West Istg 4s... 1917 J-J '1009<
JPM A Cooertfs
100%
ntts Y A Ashlsteon6sl937
Teleg. db Teleph.
Teleg Telep & Cable— See
West'n Union Teleg— N Y
Electric Companies.
Allegheny Co Light Co..
Brush Bleotrlo Co
Ask.
109
96
77
103%
1900
>d guar 6s
106
Jan.'00
Jan.'98
107
106
100
95
60
McKee A B y 1st g 6s. 1918 J-J
Deo '99
J'ly'99
Apr'OO
Feb '00
Apr'OO
.
NOT'99
18S
126
118
ISO
Sale
,
127
118
10096 May'OO
F-A
oongu g i^sBerlesA
1940 A-O 1169i
1942 A-O 11694
Series Bgnar
1942 M-N
Series Ognar
1945 M-N
Series D is guar
Series B guar 3^8 ..1949 F-A
Pitts Ft W A O 1st 7s. 1912 J -J •130
Sd7s
1912 J-J
1912 A-01
8d7s
PsnnBBlst real es g is.l938 M-N
Oonsterilngg 6s
1905 J-J
Con currency 6s reg.. .1905 Q-MP
1919 M-»
Oong 5s
1919
Beglstered
1948 M-N
Oong 4s
arBAI exist gugi^s.1941 J-J
01 A Mar 1st gu g iHs.1935 M-K
OBBBABge Istgu is g.'Se F-A
AUegh yalgengugis.1942 M-e
Sun A Lewis Istg 4s.. 1936 J-J •108
U N J BB A Can gen 4s. 1 944 M-e
nosaoolaAAt. Saa LA Nash
P«o DeoAB lstg6strrec'3C J -J 100
Brans DlT lstg6strreo.'3C M-g 100
2d g 6s tr reo 1st pd.. 1936 M-N
Peo ABast. Saa C C C A 8t
PeoAPekUnlstg6s...l921 Q-F 130
tdgi^s
Feb., 1921 M-N
98
181
•••••• ••••••
laisii
119^ Apr'OO
129
127
105
108
114
J'ly'99
May'99
Mar'OO
75
\i9H PlttsFtWACb. Saa Penn Co
1922 J-J
106% 10»9i ntts June Istg 6s
103% 1049i ntts A L Brl»-8dg6s .1928 A-Ot
119X 119% rittsMcEAYo— lstga6s.'32 J-J •lil
129M Apr'OO
130
115
100% 10291
10096102%
11296 116H
118% 11496
109% 111
110% 110%
115% May'OO
Hudson RlTor Telephone 180
A
26 110
30 110
113^
these are latest bid and asked this week,
Bid.
Paelflo
11196
108
108
10696 10696
10696
1049< Apr'OO
OUTSIDE SECURITIES
511980
lis
1937|a-0
Begl8t«red
106M 107
83
•120
N Y A North Istg 6s. .1927
B W AOgCOn lstext5s.'32 A-O* *
OiweARSd gug5s..l915 F-Aj •ibs'
B W A O T R Istgug6s.l8 M-N •110
VUoa & Blk RlTgn g is. '22 J-J 106
N Y Ohlc & St L Istg is.l937 A- O 106
*
'•••t« ••••«
llOH Mar'OO
108MT»eo'«7
119 May'OO
1940 J -J
BatO&Stlstgng3s.'89 J-D
NY & Hulem
J-D 110
A-O 103^
M-N
1948
Beglstered
P O O A St L
1069iApr'00
108 Feb '00
I029i 103
.
Beglstered
W
rleAPlttgug3MsB.1940 J-J •101
1940 J-J 101
SerlesC
NACBdgegengng4His.'45 J-J
PltUOln AStL 1st 7s. 1900 F-A 102^
103M 108
I059i 107%
132
95
119
NYG
P.
Eerie* C3}^8
1105*
68
68
Apr'OO
131% 188%
76
70
108
95
133% May'OO
IP9
95
106M
j-j
M-8
CStLAPlstoong6s.l932 A-O 120
1932 A-O
Register^
OeT A Pitts oon s f 7s. X90C M- N lOIJi
aengQg4><sser'sA.1942 j -j •119
1942 A-O •118
SerlesB.
IIB
109
110
76 108
Apr '00
110^
•••#•• •••••'
Lake Shore oon lst7s. 1900 J-J
Oonsol2d7s
BegUtered
Oold 3%t..
5sl93e
1937
1910
PennOo-Gu Istg i>is. 1931
1931
Beglstered
atd3Mscoltrustreg.l937
106V8 May'OO
109U Sep.'97
103M J'ne'99
lOiM Feb.'99
98
97
97
A-O
A-0
J -J
J-J
2361
1st g
Saa
AN
PaoOoastCo— 1st g6s.l94e
aoof Missouri. Be* Mo Pao
ib7M
101
979^ Sale
Bltum Ooal Oorp
lstsflntgug4sserA.'40 J -J
Small bonds series B. .'40 J -J
SouT & Oswe 1st go g 5s.'42 J-D
Mob & Mai Istgu g4s.l991 M-8
NJJnnoKgn 1st is .1986 F-A
BegUtered
1986 F-A
Beglstered
RlyerRR
Oswego A Rome. Saa
Olearfleld
1st is gu. 2361
87
Sfsubsidyg6s
IISH Apr'99
1C6>4
106H
106«
lOP^
106M
.
West Shore
68
OIndAW. SaeOOOAStL.
hlo
66«i
90% 09%
117
166 108% 106%
6 103
108%
104%
60
67^ 186 66
104H
'eeji Sale
Panama lstsfg4^s... .1917
Hub Flor A Shef. SmL&N
MtwHAD. SmNYNH&H
M J Juno BR. See N Y Oent.
IIT&Pntlstaongug4s.'93
Nor A Mont 1st gu g 5s. '16
1997
30i7
itoglstered
139
126
Hi Hi
.
Oeneral gold 5s
188H Apr'OO
101
Jan.'00
J'ly'99
A South 1st g 5s. .. 1941 M-N 112H 113 112
118
139 Jan.'00
A West— Gen g 6s. 1931 M-N 131
New Rlyer 1st g 6s. .. 1938 A-O 187
133
Mar'OO
ImpnrmtAext g 6s. ..1934 F-A 132 134 1174< Ang'98
9',%
N A W Ky istcong is. 1996 A-O 96% Sale 9eu
Regiitered
199e A-O
95H J'ne'9k)
199C A.-0
Small
AT Is gug6s....ie2S: J-J •107
101
Feb '97
B
VAN
lstgngis.l98b
Boto
M-N 101
99
lOlJ^
North Illinois. SaaOhlANW
North Ohio. Sea L Hrle A W
Northern Paolflo—
Prior Hen r A 1 g g is. .199'!
1039i8ale 103^
104
lstg4s
1901
Ore A Oal. Bee So Pao Co.
Ore Ry & NaT See Un Pao
Ore RB & NaT See Un Pao
Ore Short Line See Un Pao
Sd6s
114
113
107
105
106^
Cm AStL
J-J 128
1st 7s. '13
117
118
186
188
10>
Mobawk & Mai. S«« N T G & H
Monongahela Rly. Sm B &
Mont Cent. Sm St P M & M.
Morgan'sLa&T. SeeSPOo
NaabOhat&StIi
185
183
• s • • •
30
OeneralUeu gSs
77« 84M
7 133
11
83
186% 188
.
lam
106W
i'si
Mar'OO
Feb '00
Apr'OO
105^ 105M
10lHNoT'9»
.
Morris ABssex. Sc«UelL<ScW
190t
190: J -.
Oet.'«7
188
185
183
Norf
105M Jan.'OO
1938
a«neralgold4s
MontBom DIt 1st g 5s 1947
Bt L & Oalro gu g 4s .1931 J -J
'182
NYOAH
North. Sa«
106
102
113
1
1
prlorlleng 5s.'45
Mortgage gold 4s
103«
Sale
M-N
M-N
J-J
NYA
95% N Y O A W. Bef 1st g isl99^ M-8
BegU 96,000 only... 199^ M-8'
N Y A Put. Saa N y O A H.
89
93i< N Y A R B. Bee Long IsL
94« 97M N Y 8 A W. Bee Brie.
N Y Tex A M. Bee So Pao Oo
78
81
103«
A-0 l()9H Sale 109H 110
A-O
10
Apr '00
J-J Sm Sale 81
83
M-6
J-J llOM
llOM reb-'OO
J-J
J-J
J-J
J-D •127 128W 127J< Apr'OO
Q-Ji *i22
124
124
M-8 86M Sale 86^ 87
F-A *103 109i< 108M May'OO
Gen conry&ldgrtg&s'Sl
aenoonst>«mpgtdg6i'3i
1929
Unlf 4 ref g4s
Terd VIA w lstg6s..*2tf
MlssBlT Bdge. Sm Ohio & Alt
1st 6s
•70H
10
Hifh
Bee Brie.
90
80«
1.
fSrie
NYANB. SaaNVNUAB
93%
f5«
69^.5
§ine*
Jan.
Last Sale.
11.
•104
Y L B A W.
Nf
116ii
80«
99
• • • • « e
PacBof Molstexg4s.'38 F-A
Sd extended gold 6s. 1938 J-J
St Louis & Iron Mount-
9B%i
May
Sangt
Weeies
Range or
Oonrert deb certs fl,000
Small certfsVlOO
Housatonlc B con g 6s. 193*;
N H A Derby oon OS... 191 e
areenw Lake. Bee
Nor
103
112M 115
19UU M-N
ItoPao— id7s
1920 M-N
1st oong 6s
1917 M-81
Trnstg 5s
1917 M-81
Beglstered
1920 F-A
IStOollgoldSs
1920 F-A
Beglstered
LeroT&OY AL lstgSs'36 J-J
65
804
4U
92Ji
10058 Not'9h
94 Deo '99
20
90
92
97 May'OO
93
67%
90%
Price
Friday,
8'S
NYNHAHartlstregis.'OS
if
NYANBlst7s
-D
935
3.
Ask. Low. High, N9. Low.
J-J
1990
1944
Id gold 4s
Page
Bid.
ga.'2e J-J
U 88MAA 1st g 4s Intlntga'38
foKan&Tex— Istg4s.l990
(5 pages)
NYAHar. SasNYOAHud
N Y Lack AW. 8a« D L A W
laaji i23>«
. .
PKICES
BONDS.
N.Y. STOCK EXCHANGE
Week Endino Mat H.
since
.
. .
ICStP&SBM oong 4s
MlimUn. SMStPM&M.
L
.
Jc
Hk
£S
18
Ust.
110
108
*
• •
101
60
i 96
68
illO
•
.#•%<
IC8
S3
08
60
119
08
08
per sh •I*
J
AJ
.
THE CHRONICLE.-BOND
936
Price
Friday,
BONDS.
H.T. STOCK EXOHAITGE
Wbbk Ending May 11.
May
since
78
84
Jan.
?1
Atk. Low. High.
105 NOT'99
"79H
Booh St Pltti. 5ee B B & P.
BoineWat.AOgSe«NYCent.
Salt Lake C lit g if 01. .1913 J
tJo&GIlitg 3-4i...l947 J
Range
Last Sale.
11.
Sid.
*104
«lo Or Juno lit gugSi. 1939 J-D
1940 JBio Or So lit g 3-4i
Week's
Range or
N^o.
1.
81
71
Southern— (Con)
Virginia Mid ser
84
84
8iH
83
19
Series
SmaU
F
6«n6i
& San Francisco—
110 Noy'99
1906 M-» 110«
111
111
1906 M-N 110>«
iMgOld6i OlaiiB
liO«
M-N
113 Feb '00
1906
MgoldBi OlaiiO
it 0..1919 Flit g ei Pieroe
1931 J-J *ia4 124>i 124« 124H
a«neralgoId6i
1931 J-J 1119^ Sale 111?^ 112J^
a«neralgoldSi
104 Apr '00
1987 A-O 102
lit truit gold 5i
82
BtLftBFRBg4l....l996 J-J 82 Sale 82
98^
98H
Bonthw DlT lit g 51.1947 A-O «8«
91 Apr '00
Cent Dlv Ist g 4b. 1929 A-0
105 Ooi.'97
rtBftVBBdglitg 61.1910 A-O
Kansai Mid lit g 4i. .1937 J-D
Sd gold es Class
A
111
113
118)4
»8)6
98)6
91
95
IlllnolB
89^
6lH
bond otf . 1989 J-J5
< InoTer
Istgug 58*47 J-D
.
Oray's Pt
•tPaulftDoluth
Sd5i
Sale
Sale
63
*121
lit 61.1931 F-
90«
89
120
AAAP.
28
1934
litgSi
8t John's Dlv Ist g 4s..l934
Bruns
&W
Ist
gu g 48.1938
SoiotoVal&NB. SeeNorAW
1926
B«ab & Roa lit 6i
J-J
J-J
.
93
86
105
88
J
Oar Cent 1st con g 4i. 1949 J
Bher Shr & So. See M K & T
Bod Bay & So 1st gSi... 1924 JBo Car & Oa. See Southern.
123
Deo'99
85
May'OO
111)6
97)6 100
11796 121
137 142)6
113M 116%
118)6131)6
102)6 106
10896 10896
128
128
129)6 13494
118)4118)4
See
82^
113
108
Oot.'99
109
Jan.'99
10C)6
109)6
11094 Apr'OO
90 Feb.'99
109
108
May'OO
118
111
lie
a
114)6 119
no
J-J
J-D
18
..... 11894 J'ne'99
4)6i.'39 A-O
51.1894-1944 F-A 114)6 116X 11196 NoT'99
in Jan.'00
L MBgeTergug6i.l980 A.-0 •no
Tex ft N O. See Bo Pao Oo.
107 Nov'99
TexftP Ry B dlT lltg 61.1905 M-e
lit gold 6i
8000
8d gold Ino. 6i, Deo. .8000
EngtruitCoctfi.,..,
Tolft
litg6i
1935
Weit'n dlv lit g 6i... 1935
Oeneral gold 5i
193
Kan ft lit ga g 4i. ..199C
Tol Peoft
litgold 41.1917
T St L ft K lltg 61 tr.l9ie
Tor Ham ft Buff Ist g 4s. 1 946
' ~ liter ft Del lit o g 5i 1988
U!n Pao—BR:ftl,gg4il94'^
Begiitered.
194
OreRyftNarlitif g 6il906
Or* BRftNar oong 4i.l946
Ore ShortLlne lit g 6il98£
Utah ft Nor lit 7
1908
Gk>ld 6i
1926
Ore Sh L— litoon g 5i.l94e
Non-onm Ino A 6i... 1946
Non-oa Ino B ftool trl94e
.
.
M
W
,
J- D
65
Mob.
J-J
A-O
J-D
A-C
J
115
114)6
Sale
62
111
111
101
90
-J
44 111
6
68
116
69
12 106 114M
105 118
96 10196
101)6
101)6 "lO
81
00
90
84)6 90
84 Apr'OO
78
84
31 no
180
123
187
99 Aug'99
107 Apr'OO
103 107
286 10114 loeM
106
10496
7 103)4 106)6
10.' )6
104)6
no Apr'OO "9 no 110
in
113
102
Sale
83)6
122
J -I
Sale
102
J-D*
10694 107
10494 Sale
J-1
J-J
J-J
J-J
j-r
F-A
J-J
J-J
J-J
128
130
108)4
129
115
66
61)6 NoT'9P
lis
118)6
118)6 Bale
109
Apr'OO
103)6
108)4
189
129
121
Mar'99
Sale
a4)6
116
102)« NoT'99
75)6 Oof99
Sep. 3
Oct.j
lOOM 104M
19 12694 180
May'97
102
114)6 Bale
20 110)6 116M
UnlNJBBftOOo. SeePaRK
Utah CentraL See Rio O W
Utah ft North. Se«OreSL.
Utioa ft Black R. See NY Cent
Val Ind ft W. See Mo P.
Ver
Irginla Mid. See South Ry
1939 M-1
Wabash litg6i
2d gold 6i
1939 F-A
Debenture lerlei A. ... 1939 J-J
SeneiB.
1936 J-J
185)6 136)6
lltg 6i Dot ftChHzt.. 1941 J-J
Des Moln DIt lstg4B.193( J -.
StOhaiBrldge Iitg6i.l908 A-O
86
85
Warren RB. See Del L ft
11494
11(94 27 113
29 98)6
103
10296
93»4 May'OO
83
39% 801 34)6
37)4
6
111
111
108
91
91 Apr'OO
109)6
109)6
109)6
114)4 115
10296 Sale
37)6 Sale
no
90
109)6 111
W
118)6
104
94)4
4SV6
111)6
98M
lis
Wash Cent See Nor Pao
Wash Oft W. See Southern
180
118)6 May'OO o37 110
6S 68)4 91)6
87)4
88)4
8996 29)6
89H 38 28)i SOM
118)6120
88 Sale
lltg 61.1937 J -.
Oeng3-4l
194S A-<
Income 6i.... April, 1943 Not
Weit No Car. See South Ry.
Weit Shore. See N Y Cent.
WVaftPltti. SeeBftO.
39)6
Dt
82
8S^
80
8596
Gold 48 Cent Pao <'ol..l949
Dt
86 Nov'ttW
1949
BeUstered
F-A
Ve'sisaiV
263
Cent ftp lltg 01. 1911 J-J
949
48.
1
97%
Ist
1
ef
gu
99)6
C Pao
g
100J4
98M
118
WheeUng ft L B lit g Si. 1936 A- (J
1949 F-A
Registered
86)4
Wheel DlT lit gold 81.1988 J-J 104)6
86)4 384
81
Mort guar g 3^8 .... 1929 J-Dt "siH 86)6 84%
97
Bxten ft Imp gold &i. 1930 F-A
1929 J-Dt
Registered
110)6 110)6 WilkeiftBait. SeeNYBftW
OalHar &B A lit g 6i.l910 F-A uo« ...... 110J6 Apr'OO
1905 J-D 107«
106)6 106)t Wll ft Slonx F. See Bt P M ft M
8dg7i
106HFeb'00
43 98)6 10294 WlnonaftStP. SeeOANW
100
Mez&Pac litg....Si'31 M-N «8>s 100
99)6
WliOenteO-yr l8tgen48..'49 -J
90)6 Bale
Hoai&TClitW*N7i.'03 J -J
liiii'ni'
1937 J-J
lllU Apr'OO
litgSilntgtd
no 111)6 STREET RAILWAY BON DS.
*iio
104
A-O
A-O
Sale
BklynRapTrgSs
1945
'00
lis
1912
Il3 Feb
lis
Oong6ilntgtd
85 Sale
43
Atl At Bklyn Imp g 581934 J -J
1921 A-O
34
85
Oeng4i intgtd
8394 87
Bk City 1st con 5s.l916.>41 J-J
l20)«Feb'00
Morgan'iLa&Tlitg6i.'20 J-J r-js
120)6 180)6
BkQCo&Scongug58. .'41 M-N 100)6 Sale
1918 A-O »136
134
Noy'99
lii7i
93% Sale
Bklyn Un Bl let g l-Ssl 950 F-A
NY T * Mexgu litg 4i.'12 A-O 100
••••• •»••
'99
J-J
City
99 Deo
ft S Ry Bait Istg 58 1922 J-D
Ore ft Oal lit gtd g 5i. 1927
7)'M3ale
371
79
SAftAPaiilitgng4i.'43 J-J
78
75
8096 Oen Con Tr Co litg 5i.. 1938 A-U
lie Deo '98
Den Tram Co oon g 6i.l910 J -J
1905 F-A •1U8
TMftN0 1it7i
108
MetRyCo lit gug 61.1911 J -J
BablnediT lit g 6i.. 1912 M-g
106M Not'97
104)^
Sale
44
1943 J -J
Con g5i
104
101
104)6
104)4 Lonii By Oo litoon g6i.l930 i-J
1
ISM
Sale
26
J
-J
Argalitg6i.'09-10
114
BoPof
no
darket Bt O Ry lit g 6i.l9lS J -J
113)6
I199i
119)6
BPof Oal litg 6i.. 1905 A-O 109
no Mar'OO
no no <<«t Bt Rt gen o tr g 6i. 1997 F-A
BwayftTttiATlito g 6i. 1943 J-D 128)6 183
1st gold es8erB..1905 A-O 109J6
1906 A-O 111?6
Begiitered
....1943 J-D
Ist gold 68
184
1912 A-O 118M ....
Colft9thATlitgng6i.l993 M-8
lit gold 6i
Regiitered
1998 M-8
litoon guar g Si.. 1937 M-N
105)6 Jan.'00
105)6 105)6
1905-37 M-N •105H 107
5 104)6 109)6
L«EATftPFlitgag6i.'93 M-8 188
Stamped
I069i
10<^H
Regiitered ,,
M-8
AftN Wlitgng5i.l941 J-J 98H Sale 98)6
98% IS 95
9994
MetWSEI (Chic) lstg.48. 1938 F-A • 97)4 08)4
8 P Ooait lit gu g 4i.. 1937 J-J
J-J
Registered
1938 F-A
BPacof NMezlitgei.'ll
nSUNoy'98
OllaV O&N Istgu g 58 1924 M-N 103)i 103 100
ulitlRyftL80-yrg6i.l926 K-A
100
100 110
NoofCal Istgug 6s... 1907 J-J *106
Sinn St Ry lit oon g 6i. 1919 J -J
Onaranteed gold 68..1938 A-O
106 Aag'99
It Paul Olty Cab. og5i.l9S7 J-J
113)6 Bale
Bouthem—
Ouaranteed gold 6I...1937 J-J 118 115
IIIH
Sale
127 106
lltcong5i
1994 J-J
lis
..... 12594
111)6
113)4 Third Ay 1 it gold 6l .... 1 937 J-J
1994 J-J no 111
Begiitered
UnBl(Ohlo) lit g6i....l945 A-O
106)4 Mar'99
Mem Dly litg 4-4H-5il996 J-J '109)6
Ohio Bt40-yrlitour6i.'28 M-N
109)6 Apr'OO
108)4 100)6
1996 J-J
1936 M-N
Registered
40-year oon g 6i
la Oen B Ist g 6s. ... 1918 J-J Ill
OAS ft HLBOTBIO LIOHT BON D&
112)iAtig'97
Atl ft Oh Air Line inc. 1900 A-O
lit
5i.l947
J -D
Atlanta O L Oo
g
103
Atlan & Dan Ist g Ss 1950 J-J
IDS May'OO
Boi U Oai tr otf I f g 6i '39 J-J
9994 102
Ool ft Oreeny lit 5-6i.l916 J -J 116
115 Jan.'00
116 115
Bklyn U Oai litoong6i..'45 M-N 114)6 Sale
BTyaftaalit7i....l900 J-J 108W
10296 May'OO
101)6 10296 ChOLftCCo. SeePOftOOo
1930 J-J 117
BlTliionalgSi
117
117
OoInmbuiOai Iitg6i..l932 J-J
11494 11*7
1956 M-« 117 Sale 117
Oonlit g5i
114 120
OonOaiCo. SeePOftCCo.
117)4
lis 112
B Ten reor lien g 4-5i.l988 M-e
112
96)6 97)6
Detroit City Oaig 6i..,.1923 J. J
108)6112
Regiitered
1938 M-e
Det Oas Co oon lit g Si.. 1918 F-A 101
Oa Pao Ry lit g 6i. . .1922 J -J
124)6 134)6
119)6 134)6 Rd Bl 111 Bkn. See E Co EL&P
124H
KnoT ft Ohio lit g 6i 1925 J-J »128 124)6 133)i Apr'OO
118 124
Ed Bl III. See N YO ft BL H&P
'37 A-O
Blohft Oanoong 6i. .1915 J -J 128)6
12296
119 186
Kings Co Bl LftPg5i
18296
Kqulpilnkrundg 5i.l909 M-8 100
1997 A-O 117
101 Jan.'00
Purchase mon 6i
101
101
Deb 5i stamped
1927 A-O 103
103 Dec '99
Bd BlIlBkn-litoong4i.'39 J -J
1940 A-O
Bo Oar ft Ua Ist g 5i. 1919 M-N 104% Sale 104% 104%
litg 6
108 1C9
Atl ft Yad ist g gu 48.1949 A-O
94
A-O
Registered
252
Sale
Low. High
of St L lit g
TerlitA oon
gold
WeitNYftPa
Bonthem Paolflo Uo—
L ft N.
J»n.l.
••••• ••»•!
l0iMF«b.'98
93
N Ala.
.
112»6 Oct.'99
126^6 Jan.'00
125
98)6
65)6
109
8MSoPao.Oo.
BVANPlitit gSi...l919 J -. 114
B«tF& W litoon g6i.l934 A-C 121
A-«) *109
86^
58M
167
311
.
B
ft
Hhm
Last Sale.
St
Feb '99
A-O *111
no Apr'OO
J-D 99^
99^ 100
lit cog 4i
117
117« 120
8t Paul M A Man 3d 0i.l909 A-O
141«
1933 J-J
lit ooniol gold 6i
141M i*«k
137«tFeb'99
1933 J-J
B«giitered
B6daoedtogold4)<i 1933 J-J U6M 11696 11656 116%
106MMar'98
1933 J-J
BegUtared
118« 118«
Dakota ezt gold 6i.... 1910 M-N 118J^ ....
104
loe^
105
106
Mont BztlitgoldU.. 1937 J-D
J-D
104 Jan.'99
1937
Bcglatered
107«
A-O
l08?6ApT'00
litdlTlitg5i.,.1908
BM
1908 A-O
Baglfltered
MOTdlT l8tg4s..l94C A-O
1940 A-O
BeglBtered
128 Apr'OO
Miim Union lit g 6i. .1932 J-J »!»»
184Ji 184}^ Apr'OO
Monte lit gug6i.... 1937 J-J
1937 J-J
116 Apr'97
BegUtered
1937 J-J tl7«
118« 118)4
lit guar gold 5i
1937 J-J
B«giitered
J-D
120 Apr '99
Wm&BFlitg 5I....1938
••••« ••••••
1938 J-D
Baglit«red
ft P ft Nor Pao. See Nor Pac
it r4k8'z01t7. S«*0 StPMAC
10«« NoT'99
I rePres&Phlitg5i.l942 M-8
1917
1968
M-N 110
Range or
Ask. Low. High,
W
lISM
.
Cent.
t
L So. See
kLBWlitg4ibdofi.l989 M-N
1936
• t •
1
Bid.
LXX.
Rang*
Week's
Otd itamped
1936 M-N 110 112
WOft litoygn4i.l924 F-A 90
Weit N C 1st oon g 6i.l914 J-J 117)6
8
I
68
[Vol.
May 11.
A 61.1906 M-S
1911 M-S
1916 M-S
1916 M-S
1921 M-8
1921 M-8
1926 M-S
1926 M-S
1931 M-S
19 123 134M Spok FalliftNor Istg 6i.l939
49 106 USii Sunb ft Lew— See Penn RR.
Stat III Ry lit gu g 4)61.1943
103)6104
84
Syra Blng ft N Y. See DLft W.
I
79
. .
Sd 8
B 58
Series
ItliMBr. SeeTRRAofStL
Lonli
Os
SmaU
L * OaL 8m Mob & Ohio.
StiL A Iron Mount. Sec M P.
at L K O & N. See Wabash.
9t
9lt
B
BerlesC 68. ,,
Small
SerlesD 4-5i
4.
Price
Friday,
BONDS.
STOCK EXCHANGE
Webk Endino May 11. 4^
Series
Bale
Page
(5 pages)
N. Y.
Low, High
Apr '00
prices
WVa
113
107
104
Jan.'99
Jan.'00
107 107
99T6101
Apr'OO
98)6Mar'98
'
.
90
91)6
104
10E)6
Jan.'9u
no
NoT'99
108
100)6
86
88
••••• ••••••
116
94)6
98)6
98
Jan.'99
109
Mar'98
98M
103)6 106)6
«••-
••••
27 100)6 104
44
98
97
I;
119
119)6
182)6 May'OO
.
183
Apr'OO
138
184
184
Apr''06
138
184
9794 Apr'OO
95)4
106
Oot.'99
109
Oot.'99
113)6
113)6
111
99
.
118)6
Dm '97
9196 O0t.'08
114)6
114)6
.
08
iiTH iaeji
124 May'OO
109)6 Deo '99
W
.
51 117)6180)6
11894 1>3)6
14 114
118
9S
100
10
9796
97)6
99)6 NoT'9»
.
97)6 Oot.'99
111
.
*
No price
Friday
;
latest bid
and asked
this
OUTSIDE SECURITIES
Ferry Companlea.
1 Jth ft 2 3d Bti
84
Ask.
91
1C6
36
97
98
Bid.
86
Ferry
mort 5s 1919.. .JftD
Ferry—Stock
MftN
lltSi 1930
lit
no6
Dillon
«
MiacelloneouH.
98
Acker.Mer ft Con 6s 1903
Amalg. Copper— See Best on lili t.
rt
iton Liit
Am Agrloul Chem— See
31
Amer Air Pow of N Y. 1 00 85
60
Amer Bank Note Co. .60 47
Amer Bicycle—Com
»9<
9)4
88
86
Preferred.
86
6i
MftS
Bonds
.
week,
t
Bonds due Aug.
*
Dae July.
I
Due March.
(Given at foot of 7 oonsboutivb
raiaeellaneoas. Par.
American Otnnlng
Amer Oraphophone. ... 10
Preferred
Amer Hide
ft
10
Leather...
\
\
Bid.
Aik.
80
22
13>4
18)6
18)6
18)6
Amer
Am Soda Foun—Com .100
1st preferred
Sd preferred
100
100
nilsoellaneoaa. Par.
Bid.
FftA
Ask.
800
50
Imer Strawboard....lOO
SIM
100)6
61
Amer. Woolen—Com....
17)6
76H
76)6
70
16
86
90
100
Preferred
jUuer Wringer oom...lOO
Pref
Amer. Writing Paper....
Preferred
81
8
44
11
*^m Typefo'rs— Stock. 100
•
110
118
P
138
4
78^
1694
Ses
lis
88
5s
Arliona Lead
Asphalt of Amer.
a These are opUon
sales.
MIscellaneona. Par.
Bid.
Bm Car
14
Barney
16)4
hlla.ll St.
ft
8ilsi
Aik
16M
107
Company—Com.. 50 187
140
ft
Bng Br
Prvferred
''ond
100
100
104
Preferred
Bergn
80
90
t
850
Shlpbnlld ^ng
Preferred
Due Nov.
VAQm).—FBRRV & MISGELL'8,
4jnerican Surety
Bonds 6b
i
68
I • •
Preferred
American Borew
Due Jan.
66
18
• •
Amer Mutoioope
Amer Press As8O0*n. .100
T
May'99
1st 6s.
96
.
60
186
A Mort anar...lOO 890
Columbia Copper
Oarter-Crume— Pref. .100
British
10!4
70
95
100
Oent Flrew'rki—Com.100
10
Preferred
100
OS
And
interest,
{
t Price p ar aha
Celluloid Co.
••••
810
lOM
8t
100
17
60
re.
..
May
.
9.
1
BONDS.
II.T. STOCK EXCHANGE
Wbbk Bndino Mat 1 1
J-D
J-D
F-A
A-0
.
Range or
May
Latt Sale.
Or Bap GL Co l8tg5»..1915
K Mo Ga8 Co Isl K 68. 1922
l«oGa8-LCoof9tLl8tK58'lfl Q-F* 108
MntFtiel Gas Co See PeopQas
MYGBLH&P..g 68.1948 J.l> 107
mong
Purchase
lit
Feo G88 & C litgu g 8i. .1904
1904
Sd gtd g88
1943
Iitoon80lg68
1947
B«fnndtngg6i
1947
gu g 5g 37
Oh G-L & Cke
ClonG Co of Chlstgu g 68'36
aqG& FCh lstgag6s.'05
Mn Fnel Gas l8t gn g 5. 1 947
Srenton G & Bl ist g 5b. 1949
WMtn Gas Co ooi tr g 5ii...'33
Begietered
1st
•
Oonpons
.:"J5?S
Ool Fuel Co gen gold 68-1919
Ool F * I Co gen s f g 68. 1943
De Bardel C & I. Se« T C & I.
J«ffA01earO&I Istg5sl926
off.
1926
BoohA Pit C& 1 pur m 58 1 946
nn Ok Coal 1st g s f 6s.. 1912
rr»enn CoalTDlT Istg68l91<
BlrmDlv Ist con6s.l917
Cah C M Co Ist gu g 68..'22
J.
68. '10
l8tg58.'19
WhLB APCCo
INDUSTRIAL.
F-A
J-J
M-N
F-A
J-D
J-D
M-N
91
..1942
108^
"•7
Sale
107
108M
63 103H 110
Sale
J-D
A-Oll
J-J
J-D
F-A
104
109
Ist g 6s.l946
1946
Income g Ss
HnrelCo Ist 8 f g68l918
B LeathCo s f deb g 68.' 13
US
May'OO
Feb '00
108
Jan.'00
113
Inc 58 ....1907
Ist g 4s.. .2397
91
108
1049i 106
183
4s.
Common— Se« St. Ex. list
OonsoUd Car Heattng.lOO
Oonsol Flrew'ks-Com.lOO
100
Preferred
Oonsol Rubber Tire. ....
Prof
Corbln Cabinet Lock. 100
Corbln (P. 4 F.) Co.... 26
Oramps' Bh 4 En Bldg. 100
Diamond Match Co ... 100
DUtlll. Co. of America.
.
Pref...
107M 109
108 109
103 103
104^
Preferred
Steel
Preferred
rle 4 Western Trans. 60
fidelity 4 Dep (Bait) 50
. .
Gleneral Carriage
100
100
Preferred
German Am Real E8t.l00
Aeneral Chemical
Gorham Mfg Co-Com.lOO
100
Preferred
Hayana Commercial.,
1089'
I0»yi
3alfl
103
75
Apr'OO
105
Jan.'OO
J-J
72
104^ 113
105
110
106
109
3-4
83
107
lO."!
Jan.'00
17 100H104
6J
85
102V<
lOOM
•
J-J
1922
1st 6s
M4S
Her'g-Hall-Mar(asst p'd)
Preferred (asst p'd) 100
Hoboken Land 4 Imp't.
6s
Illinois
EleoVeh Trans. 10
International Elevat.lOO
Intemat. Paper— Se« St'k
International Power.
.
Intemat'l Pump— Com..
Preferred
Internat SUyer— See Stk.
86*
106
90
F-A
70
IIM
Sale
89«
89J4Feb'00
99
70
106
98
Jan.'99
1049^
113H
1049i
J'ly'9«
nu
18«
8954
106
107><
93
95
104M 103
30
C6
71
118^ May'OO
68
84
34
11
lli« 116H
102^
103
73
73
Apr'OO
111
-a
-J
J
24 103
106
12
73
111
103^ Mar'OO
71
111
103^ 108H
t
8.
.
t Prices are
the
Aat
. .
•
••
101
Feb '97
40
19
••••• ••••••
•
•••tf
••••• ••••••
••••• ••••••
••••• ••••••
••••t •••••!
••«!• ••••!•
>*e*tl •••••!
!•«#•• #•••*
'••••• eevtat
Oct.'9P
....
. ...
••• !•• •••ttc
••••«•
113
r
Feb '00
•••«
111)<114«
118
113
(For dailv recnril tee leventh va ge V receding.'}
102^ 103« 03« 103W 30 103)^ 105
100!4 Apr'OO
99X
lOOM lOOU
109
109H 109« lC9ii V6
118
109 109J< 109H 109M C9 108M
109 iis;^
"
108^ Sale
114^ Bale
114^ 115
133M 13414
1907
1907
1925
1926
1904
1904
made in
• • • •
•••••
NOT'99
lis
112
M-N
J-J
GOV. BBCURITIBS.
• • t •
••»•••
118
90
•
1938 J -J
U 8 4s registered
D 8 48 coupon
U 8 48 registered
U S 48 coupon
O 8 5s registered
n 8 5s coapon
108^
100
114hi
113>4
114«
114%
134^ 18456
138ji 131J4 134!^ May'OO
112i< 113
112?^
112%
113^ Sale 1129^ 1129^
"
$ted iievartm ent
for bond
"
2
108^
39 114
4 114
IS 132«
1S3
1111
117:
118
137
137i
I129£ll«
"w
hen
97J4
40
96
1105J
5
a
terued.*'
FOB'GN GOV. SECURITIES.
U S of Mexico s f g 68 of 1899 Q-J .••t«'
STATE BBCURITIBS.
Alabama—Class A 4 to 5.1906 J-J 110«
Small
1906 J-J 111
Class B 5s
1906 J-J 103
Class C 4s
J -J
48. ..1920
97
.....I
110«
—
121
1919
68
So Carolln»-4Jjis 30-40.1933
Tenn—New settlem't 3s 1 9 1
.
Virginia fund debt 3-3i.l991
Registered
6s deferred oertfs
109H
.
Apr'Orf
128
Feb.'flf-
120
Atch Col & Pac 68 tr otfi....
Atoh J Co 4 West 68 tr ctfs.
Kan City So Ss (wh Issued)..
Due April,
i
108
108
181
131
Mar'OO
180
04
91
85
Mar'OO
180
96W
98
9i}i
10
69i
66J< NoT'99
64^ Nov'99
•••••• •••••(
68 Jg Apr'OO
68^ 70
Bondt due January, t Due August. aThese are option lalai.
Mlacellaneona. Par.
Unitn Copper ....
Union Steel A Chain.
Union Steel A Ohatn pref
Union Switch A Signal. 60
Preferred
50
Union Typewr— Com.lOO
1st preferred
,,100
2d preferred
100
U. 8. Cast Iron Pipe.
Preferred
Banka.
108« U8HI
106M 107M
96X Apr'OO
93 Apr'OO
92«
98H
10
97^
£'eb.'9t'
108
UNLISTED BONDS.
i
Sep.'98
Jan.'00
131 Apr'OO
1075< Apr'OO
J-J 108«
J-J
J-J 106
J-J
A-0 137H
J-J 112
J-J 95«
J-J
J-J 92
J-J
Small
Missouri— Funding. ..1894-95
Nortn Car— Con80l4i... 1910
Small
Aug'98
105
108
108
100
F-A
Dlst of Columbia— 3-658.1924
Louisiana New con 4s.. 1914
Due May.
30
13
Bid.
Ask.
Ask.
Bid.
8
3
•
•
•••
t 41)4
t 69Ji
26
110
180
Ml8ceIlan«ou«« Par,
Bid.
Ask.
8 Envelope— Com.. lOo
Pref
,....100
88
66
87
_
6s— See Stock Ex. list.
8 Glass— Common.. 100
38
33
Preferred
100 106
no
U.S. Pneu.Hor. Coll.— See Phlla. List.
Va Coal Iron A Coke. 100 12
17
68 ltf49
MAS
68
Westlngh A)r Brake. .50 tl86" 188X
Worthing. Pump, pfd.100 108
118
36
43
U
37
118
186
6«
44
U
7
«M
MISGELL'8.
<&
en
.
44H
Banka.
Bid.
Ask.
Banka.
Bid.
Aik.
otati
>nt.
•
ALB
Ezch
list.
SO
36
Russell 4Erwin
Safety Car Heat
68
118
125
19)4
Simmona H'rdw-Com.lOO 330
840
66
100 140
Preferred
100 650
Singer Mfg Co
Standard Oil of N J.. 100 642
Stand Und'rg'dCable.lOO 190
86
SlosB-ShefiBeld, com. .
66
Preferred
Southern Cotton Oil. . .60 t 52
ISO
If"
Exch. list.
do
pref.
40
60
99
do bonds. I 96
Iron Steamboat.
100
4
Oi 1901
J4J 46
John B Stetson—Com.lOO 96
Preferred
100 117J4 130
Jfoumeay 4 Bumham. 100
3
• •
Preferred
100
30
Kan 0. Southern— Sm Sto ckEx list,
• •
Do
pref.— See Sto ok Ex list,
Do
38-See Sto ck Ex list.
Knlckerb'r Ice(Chlc)-See BtEx List.
Mtch-POar 1st 5s'42M4B
•••••• •#•••<
.
6s. ..1911
.'04
.
Not' 99
•
1.
Low Hiah
••••• ••••••
(Givbu at foot of 7 consecutive FA.Gm).—BANKS
Mlaoellaneoua. Par- Bid Ask
Minneapolis Brew 1st 7s. 109
112
Monongahela River Coal.
17
11% 12
50
70
80
Preferred
41k 41«
100
100
340
360
Mosler Safe Co
Monongahela Water... 36
38
100
100
100
National Ca bon
16W 16
100
80
82
Prefeired
18
38
50
Nat Enamel'g 4 Stamping
77
80
10
Preferred
40
60
Nat'l Gramophone. .100
60
49
9
B
National Saw— Pref.. 100
St
43
44
86
National Salt
835
73
74
Preferred
100 152)4 160
86
90
National Surety
70
76
National Tube See NY Stk ixch. list.
183
123
06
National Wall Paper. 100 *
6*
6H N. E. Blec. Veh.Trans..lO
5H
100
70
34
YLoan4Imp
86
34H N
30
21
Biscuit 6s 1911.M4e 11S)4
44
New Jer Zinc 4 Iron.. 100 125 186
8S
30
N. Y. El.Veh. Transp.lOO
9)4
79
50 t 67)4
76
Nicholson File Co
"31)4
80
Elevator—
Com...
30)4
Otis
86
60
Preferred
88
Peck, Stow 4 Wilcox.. 25 t 27
t 60
300
50 395
Pennsylvania Coal
1.
23
Pitts Bess
60 t 31
9M 10
66
68
60 t 32)4 83)4
Pittsburg Brewing
96 100
Preferred
50 t 4e9< 47
100
186
aen 27
Pittsburg Coal
81
110
100
82
Preferred
180
100 160
161
Pitts Plate Glass
14
16
18
100
Planters' Compress
18
67
56
Pneumatic GunCar'ge.lO t 22c. 22)40
56
I
10
Pratt 4 Whitn— Com..lOO
40
80
100
46
Preferred
10
6
Procter 4 Gamble.... 100 430
18
80
Preferred
100 198
115
100
1st 6s— See Stock Exch. list.
106
BoyBakPowpf
89)4 90)4
88
39
Rubber Goods Mfg
1«
\
75
78
90
Preferred
Bid.
85
J-D
J-J
M-8
Small
Sale
tfo.
1st s t 68.1910
Currency funding
Apr '97
May'OO
Mar'OO
70
106
j-'ji
Do
Do
Lanston Monotype.... 20
Lawyeri' Surety
100
Lawren' Title Ins. ... 100
Lorlllard (P)— Pref.. .100
Madison Bq. Garden— 100
^8d 6s 1919
MAN
liukeen Copper. . . , ,
Max NatConstruct'n, pfd
L
Vermont Mar
West 0nlon—
tinee
Jan.
A$k. Low, High.
,
105
. .
Preferred
Heok-Jones-J MlU-Pf.lOO
See West.Un.
Ter Cupples Station 4
Prop Co Istg 4!i(8 5-20 yr'17
8 Yuba Wat Co con g 6s. .'23
Sp Val Wat Works 1st 6s. '06
St
Rang*
Sale
30
9991
••••• 109
Oct.*99
•••••• •••••
95^Jan.'97
NoWestn Teleg.
US 2b 30-year refundlngt....
lOOM 108H U 8 2b registered.... Optional
1918
U 8 38 registered
68
58
1918
U S 38 coupon
103 103
C 8 8s reg small bonds. 1918
90
96H n S 3s oou small bonds. 1918
104^
La$t Sale,
•••••• ••••••
••«••• ••••ft 118*
••••• ••••••
•!•• ••••••
*••••• »••••
(••••t •••••• ••••ft
•••*•• •••••• ••••••
58.1918 M-N
tint Un Tel Co. SeeWn Un,
\ewpt News 84D D 5s.l990 J-JJ
MutUnTelsf'd
Feb '0
1U9H
105
38
T4T iBtsf g
Northwestern Tel 7i.
3
17
11.
Week'M
••••t-
•
J-J
M-B
M-N
J-J
M-N
M-N
atack Wat Reor Ist g 6a. 1926
Send B Co Ist s f g 6s.. .1931
Tnboken I.4Ig 58
1910
Iron Steamboat Co 68... 1901
Mad Sq Gard Istg 58.. .1919
Man Bob H & L gen g 48. 1940
Col trust cur 58
NY
neotrlo Boat
Pre terred
leotric Vehicle
Umpire
187
Range or
Bid.
80
NYANJTelgeD g58Oy'20 M-N
May'97
May'97
109
105
OUTSIDE SECURITIES
Ohesebrough Mfg Co. 100
Olaflin (HB)-l8tpref.l00
100
Sd preferred
110
Price
Friday,
11.
NY 4OntLandlBig6s.l910 F-A
mo
MIeeellaneoue. Par,
94M
937
6.
May
Jet M4M Id gr 3^8 8 A.1911 A-O
neT4Tooltrg8f58...1926 J-J
9r Rl7 Coal 4 C Ist g 6s. 1919 A-0
lyfet
2397 8 -J
104 Fab.'98
Kwristered
price Friday; these are latest bid and asked this week, t Due July
Ohateaugay Ore4 Ir Os '15
Ohes 4 O Grain El— Inc.
lioyi
107H 110
"86
91
91
106
M-N
MlBCMLaiANBOUe BON D8.
48.1948
tr
Col
g
M-8 lOS^
dams Kx— 8«eCenNJ
mDk&Imp58.
BklnFerryCo 1st con g 58'48 F-A
73H
k'n W 4 W H Ist 58 tr ctf s
Chic Jc 4 StYd ool g 58.1915 J-J 110
Non-cum
103
58
Sale
.
Oom Cable Co
Mar'98
107
I
Stan Rope 4 T
101
103
Onuneroy Sug Ist g 98.. 1923 4-0
1910 J -J
Steel Co deb 58
Non-oonv deben 5s.. 1913 A-0
Int'l Paper Co 1st con g 68.' 19 F-A 105
Knlok Ice (Chic) Istg 58.1928 A-O
Kat StarchMfg Col8tg68l92() M-N 103
Procter & Qamb Istg 68..'40 J-J
r
108^
107
80
J -J
Ist ool tet 4s 1 91
Bar&SCarCo l8tg68
109
'10«
deb gSi... 1900 Qu-F
AmOotOU
m Spirits Mlg I8tg68l915 M-S
Am
10
103
MAM'F'G 4
Thread
140
Week Ending May
....
.
Page
(5 pages)
BONDS.
U.
Dev Co gu g 5s. .1909
DeBarC&ICogug
108M llOM
mo
M-N
learf Bit Coal. S««NYC&11
Ool C A I 1st con g 68. .1902
dgSi
109^ May'OO
.
.
N. Y. STOCK EXCHANGE
'
COAL & IRON BONDS.
CahOoalMln. Se«TCIAR
I
1.
Low High
J-D
98
F-A 99 Bale 93
M-S 108 110 109 Mar'OO
120
12
'99
Deo
J-J
M-N
109M Apr'99
J-D ice" ios' 106 Apr'OO
A-0 ..... 133 133 Apr'OO
106 Dec '98
M-S
M-8
108^ 108^
J-J 107Ji
J-D 107 108M 108 May'OO
J-J 105 107 103 May'OO
106 107 Aug'99
M-N
103 Deo '99
M-8
1946
4g....l94»
oonygSi.. 1910
mil
dlitoong68
1995
Ool C A
since
Jan.
Ask. Low. High.
•107>< 108
ISO Sale
PRICES
Range
Week'8
11.
Bid.
M-B
aOuI<NTlttoong58..'33
i^ O A Fuel. 8«« P G & C Co.
GM4KlecBergCoo ng5s'48
Sen Kleo Co deb g 58. .1922
Price
Friday,
3
..
.
THE CHRONICLE.— BOND
12, 1900.]
Registered
.
I3M
13)4
76
166
100
100
6
7
08'
1
40
5M
18
114
,,.35
4 Lt.lOO
73
750
644
191
26
68
.
StandardConpler.oom
Preferred
Stat Isl R T 1st 6s'13A40
J4J
3d 6s 1926
Btillw-Bieroe 4 Sm-V.lOO
Storage Power
Swift A Co
36
110
107
96
60
40
116
63
18
16
100
• t
••
>
100)4
105 107
1st 68
Suiq Coal 6s 1911.... JAJ 116
18)4 16
Tennessee Copper
72
74
TexasAPaciflo Coal. 100
AAO J10';)4
1st 6s 1908
410
Title Guar A Trust 100 890
6
8
Trenton Pott—Com.. 100
48
100
64
Preferred
100
60
60
Trow Directory-New.
. .
18
118
t
Brokert'
Qu
otati on$.
N. Y. CITY.
America*..., 460
Am Exch.... 187
Astor
500
Bowery*
286
Broadway.... 244H
Butch'sADr.. 85
Central
176
Chase
610
Chatham .... 300
Chemical
3950
145
Citizens'
360
City
Colonial* .... 275
Columbia*... 190
Qu
476
Brokers
140
Mutual*.
Nassau*
300
.
New Amst.*.. 650
NewYork Co. 1500
t
•
*• t*
186
New
Ex.. 116
York.... 350
19th Ward*.. 100
85
Ninth
North Amer. 300
Trnat Coa.
90
•
t
....
Pacific*
.
136
146
356
Domes. Exch 103 110
Bast River., 145 155
nth Ward*. 150
Fifth Ave*.. 2400
325
Fifth
Continental
Corn Exch*.
3400
First
165
14th Street*. 145
Fourth ....,, 170 175
400
Gallatin
Gansevoort*. 60
1700
Garfield
German Am* 125
German Ex*. 240
YorkviUe*..
460
MortonTrust H50
eat
N Y L I 4 Tr 1400 1460
N Y Sec A Tr 760
North Amer.
885
Produce Ex. ti'so
Real Est Tr't 300
StandardTr't 210
Tr.Co.of Am. 809
814
Tr.Co.ofN.Y.
196
Union Trust. "iso'o 1480
USMtgATr. 460 600
Unit. States.. 1616
Washington. 396
• • •
286
.
Merchants'.. 170
Metropolis*.. 600
Mt Morris*. 190
*
Bedford*.... 210
320
Brooklyn* .. 110
8th Ward*...
5th Ave*.... 100
First
326
Hamilton*... 110)4
Kings Co*.... 100
Manufaot'rs. 870
Mechanics*.. 303
Mech 4 Tra*. 360
Merchants'. 110
285
Nassau
890
Nat City
North Side*. 170
...
196
People's*
Scherm'rh'n* 150
17th Ward*. 116
886
380
340
306
lOi
300
Banks marked with an asterisk
aoemadinu
330
.
.
190
675
Merchants'..
Metropolitan 400
West Side*.. 375
tlEO
Western
Broadway*
240
•••••«
1435
.
NY* 128
12th Ward*.. tl24
23d Ward*... 100
Union 8q».... 310
State of
BB'KLYN.
••
300
300
8186
845
346
.
.
•
180
370
• • •
N. Y. CITY.
180
196
170
Atlantic Tr.. t300
425 460" Bankers' Tr.
Park
Peoples'* .... (228
CtLBlty B4T aVe"
100
Phenix
110
Central Tr'st. 3090
475
Plaza*
City Trust.
Prod Exch*.. 126
Colonial
S30
Republic .... 306 315' Continental 376
Riverside*... 310
Farm Ln 4Tr 1375
Seaboard .... 295
Fifth Ave Tr 440
550
Second
Guaranty Tr 800
180
Seventh
Knick'rb'ck'r 400
Shoe 4 Le'th 103
108
Manhattan 360
SOO
State*
Mercantile
800
Oriental*
310
4060
155
354
Qu
Sprague
300
36th Ward*.. 140
Union*
126
Wallabout*.. 10»
160
N Y Nat
Commerce... 377)4 380
335
Oermanla*.
Greenwich*.. 166
Hamilton*... 146
776
Hanover
Hide A L'ath 118
Imp A Trad. 520
180
Irving
Leather Mfr. 386
310
Liberty
776
Lincoln
Manhattan* 366
Market 4 Ful 330
Mechanics'.. 198
Meoh 4 Tra* 100
190
Mercantile
Merch Bxoh. 180
Brokers
otatio
t Price per share,
t
85
110
BB'KLYN.
306
Brooklyn Tr. 480
Flatbush.... 166
Franklin..,.. 306
Hamilton.
266
Kings Co.... 366
LIslL ATr. 260
Manufaot'rs 310
Nassau ...... 180
People's
330
Wllllamsb'gli 185
. .
* • •
310
306
166
t»
• •
a««C
400
.
.
.. t«
830
338
198
are State banks. { Purchaser also pays
Sale at Stook Bxoh. or at auction this week.
(*)
S
.,
THE CHRONICLE.
938
Boston, Philadelphia and Baltimore Stock
Monday,
Mainrday,
itay 6.
24 3
•143
249
193
135
May
BH
Tuesday,
May
7.
5M
5>«
B9i
May
8.
312V6 248!^
1431^ 144
842
193
243
193
BH
BM
596
5>6
842W243
84aM •343H 2«5
141
144
143>i 148^ 144
943 *342 2(4 •212 244
193 191
193 193
193
May
9.
843
May
10.
5%
6%
5% American
143
143% •143% 114
242
193
343
87« 87%
74H TiH
74H
Mi
816
316
113
113
2
2
3
3
25
25
H
314
31714
118« 1'4« lllX
4%
112
390
70
753
290
69
285
68
•751
753
»H
1C3
•130
17V<
SH
SH
8
103
108
133
316
314
*H
124
30
39%
13a
i6%
25%
80
13%
8«%
56M
74
208
18X 18?6
55^ 56H
100
3956
61?4
7%
8H
103
103
133
18
17%
•61
"
100
100
"
Pref
Oorn&Passum " 100
"
100
Oonn Btvpr.,.,
COMOl Tr PlttsT(PhU) 60
"
50
...
PrefT
ea South 4 Fla.(Balt)100
" 100
1st pref
"
100
8d pref
Central Mass...
O'rmant'nPass(PhU) 50
60
Hestonv M 4 T "
63
Bid. Ask.
I
13
169"
11.
3
3
3
313
315
31c
109
318
755
753
18
•%
13%
80
280
84%
^4%
40
94
69
145
98
148*
50
100
73% 76
Ft8 4M..(Bost)100
33
86
Pref
Inds Street
"
80
100
58
Little 8ohuyUc.(PhU) 50
167
Maine Central. (Bost) 100
69
MlnehlilA 8H.(PhU) 50
"
50
54
Nesqnehon'g V.
50 106
North Penn.... "
£6
26%
100
(Bost)
Marqu'te.
Pere
61
60
100
"
Pref
PhU Oerm .v N.(PhU) 60 152%
"
....
RysCoGeneralt
11%
Beabonrd w.L (Bait) ....
"
Pref
....
1
32%
18M
MISCBLLANBOUa
AUouei Mining (Bost) 35
Amer. Ctementi (PhU) *26
(Bost)
Areadlan
25
Arnold Mining. "
"
25
Atlantic Mln'g.
"
25
Baltic Mining..
60
(PhU)
..
Beth Steel
Boston BleoLt.( Bost) 100
Cambria Iron.. (PhU) 50
(Bait) 100
Canton Co
Oenten Mining. (Bost) 35
178
Danv. Bessemer
illatU BtttU: di
"
17%
17
100
dlionKl lU...
neoOoof Amt.(PhU) 60
FTankUnMin'g.(Bost) 35
"
100
Seneral Elect.
"
100
Pref
flenBI AutO-MI(PhU) 60
Ind-Bgyp Com1(Bost)100
.
%
Calumet
Camhna
17
45
63
4S
61
62
62
New Hav I&
5
S.iPhU)
10
NoAmG Dredg(Bost)
"
36
Old Col Mining.
35
Osceola Mining. "
Palmetto Co. ... (PhU) 25
Parrott 8il&Cop(Bost) 10
Penn BlecVeh. (PhU) 50
50
"
Pref
60
Pennsyl Salt... "
"
Pennsyl Steell.
"
100
PrefT
Qulncy Mining. (Bost) 35
Rhode IslMln.. (Bost) 35
5
Santa Ysabel Q "
1,557
140
347
b 8 11-16
....
....
41'
185
137
Mar.
95% Mar.
332 107 Mar.
16,739
4% May
5Je 351 Jan.
•1,335 43
Jan.
53 7ii6
Mar.
35
50
I
1%
29
29
36%
29%
ol^
36
80
33
23%
9
%
87% 88%
8%
20
"
71%
100
100
Prefir
50
Westm rel Coal "
Wluona Mining(Bost) 35
25
Wolverine Mln. "
2k
88
3%
39
Bonds— Boston.
J4J Jl00% 101
99>4 100
i
l
83
I114
I 88
47%
{
81
115
85
50
{120%
Mar.
Jan.
Jan.
88
43
Jan.
61% May
Mar.
13
....
50
W
M Ss g.'08 M4S ni5«
A40 n86%
J4J i
A40 i
Debenture
KCC4 81st58g.'25 A40 i 91
1st 6s.'33
5s.' 1
5s. 1 9 1 3
Income
}113
2109
}....
68
5s
K C4 M Ry4B 5s.'29 A40
IiB&6tLlBt58
G(en4s 1943
MexCent
100
100
bS
114
109%
9»
70
120
105
M4&
MarH4 0nt8B...'25 A40
4b g..l911 J4J
1st con Ino 3b r non-ctun
3d con Ino 3i nou-onm..
403 100
14 130
14
1,730
85,09*
Feb.
103% Mar. 87
140
•i,968
nil%May
S83
16% Mar.
24%
6%
160%
35
50
40
40
61
81
Jan.
Jan.
Jan.
¥30 paid
•
5
.
M4N }103
1914M4S nil
1916 M4N ?107
.
Bait Belt Ist
.
5s.l990M4N
BaltCPa* 1 St 5s. 1 9 1 1M4N
118%
77% 79
86% 87
18%) 14%
109
Fundg 38.1916 M4N 121
Exchange 3%8.1930J4J liS
111
48%
66
119
102%
118
100
117
70
130
NewpN&OPlst5s38M4N 103%
A40
6s 1900
J4J
68 gold 1900
J4J
1904
6s
Ss 1926.... J4J
Series
Series B Ss 1926.... J4J
Fitt Un Trac 58.1997 J4J
UnRy4
El lst48'49.M48
Income 4s 1949..,,J4D
yirg Mid iBt 68.1906 M4S
58'19J&J 104%
Ry (Ind)oon 5b.'33 103%
Colum St Ry iBt con 58.'32
Con Trac of NJlst5s..'33 109"
Del 4 B Bk Ist 78.'05 F&A 116
Bast&A 1st M 38.'30 M&N
Bdison Elec 5s stk tr ctfs. iVo"
Cit'B'St
•
••
•
09
180
110
113
•••••«
102
111
190
130
112
116
ioi%
118
70%
181%
104
111
Ry
108%
77%
4b.. 1933
« •
Newark Pass con 58.1930
NYPhU4Norl8t48 •39J&J
Income 48... 1U3 9 M&N
No Penn 1st 4s..'36 M4N
aenM7s
1903J4J
Penn gen 6s r... 1910 Var
Consol 68
Consol 5s
0.,.. 1905
1919
r
Penn 4 Md Steel con 6s.
Pa 4 N Y Can 7s..'08 J4D
117%
103
•
•••flt
114
119
198
115
130%
107'
People's Tr tr certs 48.'43
Phila Elec gold trust ctfs
Trust certfs 48
108
1939
1939
07%
6.%
Ph4Er geu M
A40
Gen M 48g..l920 A40
Ph 4 Read 2d 6s.'33 A40
Consol M 7s.. 191 1J4L
116
Con M6sg...l911 J4L 183%
Bxt Imp M4b g.'47 A4C 104%
100%
00
Cou Mof
'83 4b.'37 J4..
•
•til
•• •
A40
A40
Penn Steel l8t5s.'17 M4N
Cons 5s
Cons 4s
•
•
Tar
Var ••••
6g.'20
89%
96% 96H
74% 74%
110
3d series 6s.. 1911 M4S 118
3d series 6s..l916M4S 117
4th ser 3-4-58.1 93 1M48 106
5th serieB 5s.l926 M4S 112
Va (State) Sb new.'32J4J 93
«3
Fund debt2-3s.l991J,*J
109
111 Gas-Llstg 58.1928
Hestonv M 4 F con 5s. '24
H4 B Top con 58.'25 A tO
•
.
OuBI 04Pl8t4%|-29M4N
96
• • •
PotomVal l8t5s.l941J4J
8ecAvTn(Pitt8)58'34J4D 118%
Sav Fla 4 West 5b '34 A40 110 til
iai%
Seaboard loan certf s r
Seab 4 Roan S8.1U26 J4J 1U8 109
. .
187%
71%
KOSub B lBt88..'20J4D
Lehigh Nav4%8.. '14 Q-J 113 11^
118
RR4Bg
1914 Q-F
••••
Gen M4%8g.. 1924 O-F
••
••
105
Leh V C'l Ist 5s g.'33 J4J 103% 103
98% Lehyalext4s..l948J4D 118 '#•••1
2d 7s.
1910 M48 138
117
Consol 6s
1923 J4D 11»%
106
Annuity 6s
J4D 137
New'k Con Gas 5a '48 J4D 103% 104%
• • • • t
NorthCent4%s.l925A40
118
106%
1939J4D
Norfolk St l8t 5s •44.J4J
118% 119%
113% lie
ChocOk&G gen
Indianapolis
Ga 4Alal8tpf58l945A40 106
GaCar4Nl8t58g.l929J4J 103% 103
G«orglaPl8t5-68 1922J4J 134
GaSo4Fla l8t58.1945J4J llOM
KnoxvTrac
Lake R El l8tgu5s'42M4S
Maryland Brewing 6s ....
Met3t( Wash) Ist 5s'25FA
New OH Gas 1st 5s...Var
M4N
Aak.
Bid.
Bq
117
Bxt 4 Imp 68.1901M&g 102
NoBaltDlv58.1942J&D 119
Conv'rtible58l906M&N lUO
Central Ry 68... 1912 J&J
Consol 5b. ...1932 M&N 117
Ext & Imp 5s.3 Vt32M&8 116
Chas City Rylst 5s '23J&J
97
Chas Ry G & Bi 5s "99 M&S
CharlC&A extSs.lOlOJ&J 107
116
City&Snb l8t58.1922J&D
City&8ub(Wa8h)lBt5i'48 106
Col4GmvlBt5-6.1917J4J 116
Consol Gas 6s.. 1910 J4D 116%
58.
Apr. 28
Mar. &8
BaUs Ter Ist 5s. 1926 J4D
Ber(,-&E Brew 1 st68'21 J4J
B Bore Gas 1st 58.'38M43
Cambrialron 68.1917 J4J
Che84DCanl8t58.'16J4J
Blm4WUm 1st es.'lO J4J
Income 5s... .2882 A40
Balt&Pl8t6sml 1911A40
l8t 6b tunnel 1911. .J&J
Bal Trac Ist 58.1939M&N
tr otfs
Blec4 Peop's Tr stk tr ctfs
Bait
Jan.
•
Apr. 4
8
Jan.
Jan. 11
a
Jan.
Mar. 37
tEx righu.
.
aio%
ao8% 104%
7
Jan. 38
Mar.
Mar.
8% May
8,380
9i
. , ,
St 5s. .'02
A
Elk4M V 1st 6s '33 end n3e%
84Q Ist 78.'08 J4D
K
K C F S4Mcon 6s.'28M&lS
K C M 4 B 1st 4b..'34 M48
.
May
6%
it
IstSs '28 A40
M gen 5s.'21 J4D |10S!% 103
Chi 4
86
Con. of Verm't 5b.'13 J4J
94
Curr't Riv 1st 5s.'27 A40
97
D Q R 4 Ist 48.'46 A40 i 96
Domin Coal lst6s.'13M4S }.... 110
C Ft
87
Jan.
Mar. 31
Jan. 19
1% Jan. 8
349 Feb
6
9 137% Jan.
4
118 Jan- 10
1 4% Feb.
6
330
\pr. 3
85% Apr. 8
770 Feb. 16
i'»i%Feb.
3
-^
60% Feb. 31
51
Mar. 81
133 Feb. 88
57% Feb. e
50
Greater Seaboard ctfs...,
Jl07
3100
Ch Bur&Q 48.1923 F4A §100%
lowaDiv 48.1919 A40 jlOti
112%
Chicago June 5s. 1915 J4J {112
Ch4NoMgu5s.'31M4N i 89% 89%
Fr
4
s»
3
40%
99%
Bonds— Baltimore.
4 Pot
5s
96% 98
4 Ch 1st 7S.1907 J4J 118%
AtlG-Llghtl8t5sl917J4D
Atl Coast L ctfs 58 J&D
Atl
"
Adjustment g 4s.. 1995
Boston Term'l 3%8. .1947
B08UnQasl8t58.'39J4J
1939 J&J
2dM58
Bnr4 Mo Riv ex'pt 6s. J&J
Non-exempt 68.'18 J4J
1910 J4J
Plain 4s
17% May
13,941
Atl City l8t5sg..'19
Anacostia
1
s
la
36
46,533
l«tmort6s.. ..1905 J&J
Rutland Ist 68.. '02 MAN
4%
8%
Utah Mining,. (Bost) 4-85
Warwick I & S (PhU) 10
a
80%
%Mar.
Asphalt Co 58
4
38
88
2
35
Pref
25
UnCopL'i'M'g "
UnBiLiPowpf (Bait) 50
Un Shoe Maoh..(Bost) 35
"
35
Pref
US Mining.... " 25
5
s
97% Apr. a
Mar.
3
NY4NBngl8t7B.'05J4J «115
West Bnd
4%s
Deb 4
*'
AT&SFgeng48.'95A40
81% Jan.
31% May
73 May
ek
.
Am BeaTel 4s. .1908
29%
18
4 29
Jan,
14
Jan.
2 79%
16
10% Jan. l« 14%
19
88 Mar 8 100
39
60% Jan. 11 62%
4
73% Jan. 11 77%
18
303 Jan. 13 209% May 1
84% Jan. le 71% Apr. 6
95 Jan. 2 99 Feb. 6
8% Jan. 10 10 9-1 6 Apr. 6
21 9-1 6 Jan. 10 38% Apr.
13 Jan. 10 17% Apr. 6
44% Jan.
60% Apr. 4
72% Mar 8 78 Apr. 4
35% M4y 9 40% Mar. 81
15% Jan. 8 19% Mar. 30
34 Jan.
37% May &
93 Jan.
ii4H Mar. 9
813 399
15-16
Torrington Ist 58 1918.
Tomngton "A"(Bost) 35
WelsbachComT
11
15
75
1.210
1,039
9,57C
1,811
3,155
. .
3
8u8queI&31..(PhU) 5
Tamarack Mln.(Bost) 35 178 180
Telep Tel &C.. (PhU)
"16 "li% ii%
"
Tidewater St.
U8PHorBeCol.(PhU)
2H%Jan.
3,62 3
50
Old Dominion Copper 7
"
.... 25
Philadelphia Elea.t 3% paid (PhUa.)
United (jas Improvement v..
"
.,.,50
United States OU....
(Boston)..,. 25
Welsbach Light T
(PhUa.) ....
5
Westlngh. Electrlo & Mfg. (Boston)
50
"
Preferred
..,,
5t
..,
5
i....
"
100
Preferred...
Mergenthaler .. (Bolt) 100
10
U»x Telephone "
100
233
,
40%
1939...
60
50
50
2)!
i
LRock4F81st7s.'05J4«
"
893
6,646
9,800
2,605
2,245
1,958
9,036
4,392
Jan.
35
45
138
(Boston),... 100
"
,,.,100
"
....100
Federal Steel.
Bid.
MI SCBLL.—Concluded.
HinniacRiib..(PhU) 60
Mary landBrew. ( Bait) 1
2,635
18
20
6,674
11
11
Bid. Ask
BONDS
BONDS
Boston— Concluded.
Baltimore—Couoiu'o.
16
West N C con 68.1914 J&J
15% NewEng con gen38'45J4J i
N B Cot Yam 58 1929F&A 1103% 104
We8tVaC4Pl8t6g.' 1 IJ&J
3%
NBGas4C 1st 58. .1937 66 66% Wll 4 Weld 58. 1935 J4J
8>»
3
Bonds— Philadelphia
3% New Bng Tele es.'99 A40 i 99 100
AUe VyEext7sl9lOA&0
65
1907 AAO, ,103
61
68
STOCKS BONDS
.
110
May
38% May
38
Apr.
Apr.
Jan.
Apr.
Apr.
Feb.
Apr.
Jan.
Apr.
Apr.
Feb.
Feb.
Mar.
Jan.
Apr.
Apr.
1,271
Lehigh Coal 4 Navigation... (PhUa.)
U-16
a 38 1-lf 28
lO-'
Jan. 9b 145%
Jan. 18 849
Apr. 1 30 3%
Jan. 10 133%
Mar. 12 142
2 127
Jan.
(Bait.) ,,..100
60
63
il03
ill8
LileBoyaleT....
"
paid ....(Phila.)
39%
17
KCStJo4CB7s.'07J4J
"
"
4 Hecla
Steel, $4%
43
niln Steel con v
305
....
89
640
438
383
96
(Boston) .... 100
"
,,..100
"
....100
(Phlla.) .... 50
"
.... 50
Dominion Coal
104% Krle Telephone
17
10
85
IlltBntH4SM
ITef
American Alkali
3'
Unsfp'd
Domm Coalpf.(Bost)100
"
"
IIB
117
5,572
"
.,,.100
7% Maredea CoT ,.,.
7%
TM 7«
108X lOiH 102% 102^ •102% 103 NewEng. Cotton Yam, pref. (Boston),... 100
"
133>« 133% New Kngland Telephone
...,100
133 138^ 138 132
Kast'n Ist
1%
"
(Bait.) .,..
17 341
11» 187
11,482 119%
336 13 L
22 122
(Boston).... 50
Amer.Agricnl. Chemical.,,.
Preferred
W
"
Central OU
Con. Lake Bnp. (PhU)
"
Pref
Co
58% Consolidated Gas
J«
7%
Highest
Mar. 6
7% Apr. 10
Mar. 15 348 Feb. 10
3
238
21« t96
18
Preferred, $10 paid
American Bell Telephone. ..(Boston).... 100
"
111% American Sugar ReflningT.
....100
55
.
(PhU) 100 870
35
30%
UnPow4 Trans "
50
United Tr of P. "
"
50
Pref
114%
West Bnd pref.(Bost) 60
We«tJer4S8.(PhU) 60
"
60
WestNY4Pa.
Wis Cent, new. (Bost) 100
"
100
Pref
Wor Nash 4 R. " 100
Un-.oed N.I....
8,325
110% 113^
"
....100
112 lia% 111% 112% Preferred!
iH 4M Asphalt Co of America...... (PhUa.) 5 paid
4% 4%
390 391
Boston & Montana
(Boston).... 35
291 295
68 Butte&Boston
65
"
.... 10
68
,
63
785
Lowest,
iTIlBoellaneous i^toeks.
3
WewEagG8tCT(B08t)....
106
Elec.
Street.
87H Amalgamated CopperU
73
755
Range of Sales in 1900.
Railroad Stocks.
Railways
(Phlla. ) 5 paid
(Boston).... lUO
Boston Elevated, full paid..
"
....100
Boston &LoweU
"
....100
Boston & Maine
"
....100
Chic. Burl. & Qulncy
"
....100
.,
Ohio. Juno. & Un. Stock Yds.
"
....100
"
Preferred
....100
Choctaw Oklahoma & Gulf. . (Phlla.1 . ... 50
"
Preferred
.... 50
Fltchburg, pref
(Boston) .... 100
LehlKh Valley
(Phila.) .... 50
Massachusetts Blectrio Cos. (Boston),... 100
"
Preferred
....IOC
"
....lOn
Mexican Central
N'orthem Central
(Bait.) .... 50
Northern Pacific
(PhUa.) ....100
"
Preferred
,.,.100
Old Colony
(Boston).... 100
Pennsylvania
(Phlla.).... 50
Philadelphia Traction
"
.... 50
Reading Company
"
.... 50
Ist preferred
"
.... 50
2d preferred
"
.... 50
Union Pacific
.(Boston). ...100
"
Preferred
....IOC
Union Traction, $17% paid. (Phila.)..,. 50
West and
93
73
no >Ale vt made.
UAILROADS.— Price* May
128%
A.tl & Charlotte(Balt) 100
Boi & MaUie pt.(Bost)10C 160
"
803
100
Boston 4 Prov.
Prefw.
I
64
17%
3% 3%
4
3% 3H
3%
3% 4%
113
113
113%
113%
113%113h
114!< 111«
114 115
19i<
18
18
13
17% 17% 17^ 17>« *17
•18
4»
43
43% 44% 43% 44
45
45M 44^ 45
•44
45
INACTIVE STOCK S
KG
8
17
17
47
62
62
sikedorioes
•
291
68
753' 755
Indicates unlleted.
74%
36%
17% United Ry &
37h Preferred
35
73
31
11394
230
28%
14%
83
72
•24
4%
iU
«%
•34
25
74
3
113
113
112
295
68
753
6BH
86%
17% 18% 17%
56>4
55% 56
olH
•43
42
48% 48% 43% 43
44i4
100« lOOH 100 101% 101 105% 104
38
39
39% 4U
37« 38»6 38
50
50
50
eo!4 5CM
18«
56M
43^
103
17
17K
....
314
'
113)4 113»<
•18
19>i
•61
2
287
67
758
69
18« 18M ISH
65^ 66H 56
•43H 44H 43«
100 101% 100
3856
40« 41
61
51« 151
2
2
113
4%
295
•24
•73
109« 112% 108%
112
iH
4%
750
lUM
87
26
75
'
134
87
87% 87%
88% 87%
87
25
74
I
121%
I
8*
36
I
244
193
193
124% 123%
125H1339i 123H 124% 123^ 124
134
134
133 131
134
133 131
134
*1S2H
124^ ia4>6 124% 124% 124
124^ 124H
39
•30
30
31
30
30
30
•40
89%
•40
41
41
40
40
131
133
133 132
131
136« 13o\i •138 133
135 136
26%
28% 27J6 Z6ii 26% 26% 27
27^
28
as
•24%
25
26
84% 25
25
85
25H 25H •24H 38
78
79
78
79
79
79i^ 79%
79
78
78
7»
•13
IS
13
13% •13
13J< 13M
13J4
•13M 13« •1»5<
•88
88
91
88H 83% 88>6 83% 88M •88
56
56% 56
58« 57^ 55% 58
;8
68
•57M 57?^
73% 74 73%
75H 75H •73M 74
•76H 75% *7t>^ 75H •208
308 203
308 208
309
20S 208
aCS 208
e6H 6^% 65M 65% 63% 66%
66X 67?6 6iH 6"?!i 6556 eSM
96
eo!^
96% 96% 96%
96
95H
96
95M
8%
8 11-18 891
b
9
9
87 9-16 83
27% 38% 87%
2S% 29
29 1-16 S-le
14
1-16
14
14 14
14
ISH 16H 16?6 15)6 li]4 15
52%
54
54^ 639t 53% 53% 54
55
53
55H 58
73%
73
73%
72%
74%
74?6
739i
74% 74% 74% 74%
38% 36% 36% 36
87
87H 389i S6H 38J6 38?« 35%
17% 1794 17% 17% 17%
18>^
18H IS
ISH 18M 18
37% 37
37M 87^ 3754 37H 37
•93
93
92
93
92% 92
93H •92
93M 93H 03
88
•35
74
Sales
of the,
Week.
Shares
343% 243%1 Bostou & Albany
243
343
193
131
131
IT
11.
LXX
Dally and Yearly Record.
ACTIVE STOCKS.
Friday,
WedTiesday Thursday,
[Vol.
Exchanges— A
Share Prices— Not Per Centani Prices.
5«
.
181
108
187
138
•»
•
••••
••••
•
•••
sia*!
tttt
••#»
•
•
104
Terminal 5b g.l941 Q-b
PWa 4 Bait 48.1917 A4U
CoUat trust 4s.l921 J4J 110
C4St L 78. 1900 F4A 1U3
Read Co gen 48, 1997 J4J
Pitts
4 * •
Rochester Ry con 58.1930
SohRBSldel8t5s g'35J4D
•
• •
«
•
1U<
111
• tee
SoranTrac 1st 6s^33M4N
•• •
Union Term'l Ut5s.K4A
United N J 4s..l944M48
lie
UnTraoPltts gen6s'97J4J
tll-ao
lAnd interest.
Prloe inoinde* tywirAnti
•
I
.
.
.
.
May
.
1
...
..
'
THE CHRONICLE.
12, 1900.]
939
%nUllxQmu.
RAILROAD EARNINGS.
Itxxijestmjewt atxil l^ailroaxl
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from January 1 to and including such latest week or month.
The returns of the street railways are brought together separately on a subsequent page.
Latest Oross Earnings.
ROAJ)8.
Week or Mo
Adirondack
March
Ala. Gt. South.. 4th wk Apr.
Ala. Midland... March
Ala.N.O.&Tex. Pao. Jano.
N.O.&N.E... April
Ala. AVicksb. April
Vick8.Sli.&P. April
Allegheny Val.. March
Ann Arbor
IstwkMay
Ark. Midland... March
Atoh.T.&S.Fe. March
Atlanta & Char. January
Knox.&No. April
Atlanta &W. P.. March
&W
122,119
43,178
45,253
276,955
36,336
9,352
3,869,138
..
Atl.
At.Vald'sta
15.888
38.289
89,622
217,885
32.568
64 526
April
17,914
11.979
11.305
Bait. & Ohio... April
2.903,875
Bal.&O. Sou'w IstwkMay 126,321
Bath&Ham'nds March
1,890
Brunsw'k&W'st March
54,825
Buff. R'ch.& Pitt Istwk May
116,559
Buffalo & Susq. March
47,558
Bur.C.Kap.&N. 4tli wkApr
98,821
OfuiadlanPao.. IstwkMay 605,000
Austin &N'we8t March
Bait. & Lehigh March
Cedar
Previotu
Tear.
Tear.
Tear.
9
9
le.292
38,620
70,338
45,554
670,501
267,081
131,805
639,530
266,511
56.279
52,787
228,445
264.591
785,252
575.943
38,539
14,179
27,263
3,361,844 11,085.792
217,888
177,748
129,414
30,008
192,421
57,343
72.131
8,824
9.746
35,574
10.849
2.424.861 11,523,374
118,304 2.416,827
5,470
2.089
169,698
48,463
75.828 1,779.318
155,649
66,887
91,837 1,471,933
538,000 9,466,946
2,852
118.527
48,631
2,916
107,977
61.341
L.143.823
1,444,794
83,652
Chattan'gaSo.. 3dwk Apr.
1.898
Ches. &Ohio.... 4thwkApr.
349,291
Chlo. Bur. &Q.. March
3.952,050
Chlo.& East. 111. Istwk May
87,700
Chlo. Gt. West'n 1 stwk May
112,788
Chlo.Ind.&L.. 4th wk Apr 106,150
Ohlc.Mll.&St.P Istwk May 651,554
Chlo.&N'thw'n. March.
3,449,051
ChlcPeo.&St.L
> April
106,180
8t.L.C.&St.P.
1,247,500
1,299,124
83,641
1,703
272,744
3.420.692
Cent, of Georgia
Central N.E....
Central of N. J.
Central Paoifle.
4thwkApr.
March
March
March
Oharleet'n&Sav March
82,800
103,586
90.00;
679,884
3,152,812
96,223
1.902.446 1,663,831
Chlo.8t.P.M.&0 March
802,959 811,973
Ohlo.Ter.Tr.RR 4thwkApr.
30,324
31.893
Choo.Ok.&Quli April
•115,000
*87,000
Cin.N.O.&T.P. SdwkApr.
89,116
74.689
Ctn.Port8.&Vir, April
29.121
25,374
C1.0.Ch.&St.L. ithwkApr. 43'i,820 326,058
Peo. & East'n. April
190,073 151.323
Cl.Lor.& Wheel. IstwkMay
44,092
30,041
Col. Midland.... April
164,597 114.698
Colorado & 8o. 4th wk Mar
87,245
73,28
Col.New.&Lau March
18,905
19.439
Ool.Sand'y&H. 4th wk Apr
25.285
12,655
&Leb.
Cornwall
March
25,774
18,801
Oumb'l'dValley March
76,258
69,428
Denv.&RloGr. IstwkMay 188.500 172,700
Det.&Macklnac March
84,134
60,656
DuluthS.S.&Atl 4thwkApr.
57,440
47,500
L.
&Car..
E. 8t.
April
13,400
12,997
ElginJol.&East April
171.293 121,376
Erie
March
2,998,8 70 2,766,674
Eureka Springs Januarv ..
6.679
4.055
Ev'ns.&Ind'plis IstwkMay
6,044
6,016
Evansv. &T.fl. Istwk May
21,190
22.69S
Ftnd.Ft.W.&W. April
6,750
6,975
Fla.Cent.&Pen. Hdwk Mar.
50,157
49,832
Ft-W.&Den.C. 4th wk Mar
27,833
27,074
Ft.W.&RioGr.. ithwkApr.
15,423
12,870
Gads. &Att.U.. April
1,134
685
Georgia RR.. .. 4thwkApr.
36,074
30,879
Oeorgia & Ala. 4th wk Apr.
22.315
19.068
Geo. So. & Fla. April
83.388
74,381
QUaVal.G.&N. January ..
28,990
29,035
Gr.Tr'nkSysfm ithwkApr. 498 545 459,283
Chio.&Gr.Tr. tth wkDec 122,108 138,22?
Det.G.H.&M. 3dwkApr.
18.474
18.026
Ohio.R'kI.&P. March
GreatNorth'n—
St. P. M. & M.. AprU
East of Minn. April
Montana Cent April
231,506 166,324
128,860 103,201
2,153,054 1.823,294
21,310
25,232
Gulf & Inter-S.. March
15.765
Hocking Valley IstwkMay
89,899
58,334
Hous.&Tex.Cen March
244.058 264.286
Illinois Central. April
&We8t
2,354,452 2,113,577
December.
56,247
52,137
Ind.ni.&Iowa. March
In.&Gt.N'rth'n IstwkMay
llnteroo. (Mex.) WTiApr.2i
Central. .
IstwkMay
Iron Rail way... April
Kanaw'a&Mioh stwk May
I
K.C.F.So'tt&M. 4th wk Apr,
K.C.Mem.& Bir. 4thwkApr.
Kan. C. K.W... April
Kan. City &Om.
Kan.C.Sub.Belt
L. Erie & West.
Lehigh & Hud.
Lehigh Val. RR.
Leh. V.Coal Co.
Lex'gton&East
4thwkApr.
Nov'mber.
4th
Weekor Mo
51,623 LongTslandRR. April
580,415 Long Is. System April
ly7,108l Los Ang. Terra.. April
Louls.Ev.&8t.L Istwk May
517,847 Lou.H.&8t.L.. 4th wk Apr.
240.508 Louis. ANashv. 4thwkApr.
225,592 Maoon & Blrm.. April
April
665,379 Manistique
565,797 {Mexican Cent. Istwk May
32,801 Mexicanlnter'l. March
9.549.906 {Mex. National. IstwkMay
177.748 Mex. Northern. January
113,633 {Mexican Ry... WfeApr.21
155,057 Mexican So
3dwk Apr.
28,160 Midland Term'l December.
30.909 Minne'p. &St.L. Istwk May
M.8t.P.&S.St.M 4th wk Apr.
Jan. 1
to
Latest Date.
Ourrent
Tear
Previous
Ourrent
Previous
Tear.
Tear.
Tear.
9
9
9
9
314.061
315,092 1,084,227 1,024,067
333,897 330,096 1.075,308 1,052,186
10.519
8.993
37,690
30,794
36,053
29,619
672.958
843,964
14,876
13,514
202.606
171,780
639,305 674,696 9,153663 7,565,229
6,081
3.909
26,821
19.918
8,907
6,855
35,873
28.639
323,175 278,765 6.197.383 5,114.436
503,482 418,723 1,364,455 1.166,931
153,807 131,173 2,784,434 2,359.777
60,207
83,613
60.207
83,613
97,300
93,300 1,457.200 1,447,200
17,800
17,068
275,911
242,431
62,553
40.276
632,908
435,393
46,903
48.193
866,761
820,965
136,025 100.053 1,516,231 1,126,282
SIo.Kan.&Tex. Istwk May 189,010 168.955 3,948,303 3,704,680
Mo.Pao.&Ir'nM IstwkMay 455,000 436,000 9,598,032 8,668,535
Central Br' ch. IstwkMay
18,000
16.000
407,518
368,954
Istwk May 473,000 452.000 10.005,550 9,035,489
Total
Mob.Jao.&K.C. March
11.963
6,976
28,315
12,938
Mobile & Ohio.. April
e427.700 e366,773 e 1,957,834 e 1,464,252
Mont.&Mex G'f April
109,867
96.713
439,519
408,066
Nash.Ch.&StL. April
520,159 476.619 2,218,801 1,915,057
Nevada Central February
3,432
1.67a
6,368
8.119
N.Y.C.&H.R.. April
4,253,361 3,750,245 16,854,643 15,017,837
N,Y.Ont.&W.. IstwB. May
71,813
78,408 1.547,908 1,487,656
N.Y. Susq.&W, March
211,562 203.877
626,277
567,873
Norfolk & West. Istwk May 256,652 234.169 4,785,353 3,948,347
North'n Centra] March
624,710; .546.510 1,834.125 1,509,926
North'n Pacific. 4th wk Apr. 677.632, 589.221 8,659,097 7,308,883
4ih wk Apr
Ohio River
25.085
19,507
378.241
298,699
Oreg.Sh.Une... March
681,104 573,328 1.884.409 1.576,735
Pao. Coast Co... February
327,504 352.521
720,840
684,916
March
PaolfloMaU
275,591 303,624
936,477
930,479
Pennsylvania. March
7.014,932 5.820,932 19,592.537 15,701,937
Pere Marquette 4th wk Apr. 179,770 173,023 2,40>.944 2,181,487
Peo. Dec. & Ev. Istwk May
17,182
15,204
326,984
266,865
Phila. & Erie... February
328.606 247,267
718,818
823,402
Phlla. &Read.. March
2.091.412 1.879,643 6,200,166 5,244,960
Coal&Ir.Co. March
1.718.604 1.851,266 5,640,060 6,166,235
Tot.both Co's. March
3,810.016 3,730.909 11,840,226 11,411,195
Phil. Wllm.&B. March
885.007 823,107 2.512,763 2,179.163
Pitts. C.C.&St.L March
1,639,094 1,346,737 4.809.976 4.007,039
Pitts.Bes.&L.E. Istwk May
49,380
11,232
481.704
282,614
Pitt. Ch.&Y'nv. February
13,411
8,361
29,729
16,892
Pitts.Lisb &Wn April
5,047
3,401
19,268
15,291
Pitts. 8ha.& No. January
44.005
44,005
Pitts. & West'n.. 4thwkApr.
53,498
41,607
621,314
643.773
Pitts. CI. &Tol. 4thwkApr.
31,511
20,030
371,813
288,960
Pitts. Pa. & F. 4thwkApr.
14,534
9.159
108,440
112,068
Total system 4th wk Apr,
99,543
70.796 1,153.151
951,664
Rich.Fr'ksb&P. March
79,252
73,180
229,923
192,926
Rio Grande Jet. February
80.9001
18,469
66.738
43,731
Rio Grande So. 4thwkApr.
ll,353i
11,470
164 031
146,108
Rio Qr'de West. 4thwkApr.
138,300
95,300 1,123,807 1,015,801
St. Jos. & Gr. I. IstwkMay
20,895
24,690
446,788
410,695
St.L.Ken'et&So April.
8,118
6.7r4
32,013
27,685
St.L.Van.&T.H. April
1.52,204
135,463
616.162
549,866
St.L.&SanFran. 4thwki».pr. 181,481
175,836 2.637.327 2,334,084
St.L. Southwest IstwkMay
93,900
90.700 1,945,909 1,874,271
St.Paul&Dul... April
128,059 110.570
486.666
482,817
San.Ant.&A.P. March
135,763 117.010
422,965
362,992
SanFran.&N.P. April
68,319
67,829
243,100
214,693
S.FePres.&Ph. 4th wk Apr.
20,807
18,260
339.812
284,177
Bav.Fla.&West. March. ..
472.536 350,731 1,279,584
954,400
iSher.Shrev.&So 4thwkApr.
7,653
6,662
125,556
105,763
Sil. Sprs. O. & G. March
21,115
26,034
62.748
78,367
So. Haven &E.. March
2,743
2,074
7.668
6,836
So. Miss. & Ark. March
15,257
10,932
37.847
25.305
So. Pacific Co. 6. March
5,234,861 4,727,895 14.756,684 13.052,904
Cent. Pacific. March
1.414,794 1,299,124 3,879,769 3,485,446
Gal.Har.&S.A March
534,961 463,979 1,516.385 1,299.523
Louis'a. West. March
120,493
133,089
354,052
379.876
Morgan' sL&T March
585.786 642,613 1,672,715 1,764,290
March
N.Y.T.&Mex.
19.5a5
19,716
60,703
56.339
Tex.&N.Orl.. March
172 930 170,781
498,226
474 639
So.Pac. of Cal March
1.495,042 1.206,747 4,190.670 3,388,447
So.P'o.ofAriz March
326,768 319,601 1.034,531
859,058
So.Pac.ofN.M March
161,532 170,833
507.878
476.995
Southern Ry... [4thwkApr. 668,579 617,733 10,361.984 8,839,984
StonyCl.&C.Mt. February
965
804
2.064
1,693
jTerreH.ifelnd.. April
121,182 107,933
631.482
443,272
'TerreH. &Peor. April
31.995
24,829
155.271
119.026
Texas Central. 4thwk 4pr.
4,806
4,022
107,270
91,016
Texas & Pacific. IstwkMay 123,973 113,841 2,901,078 2,671,426
iTex.S.V.&N.W, April
6,000
3,910
34,080
18,850
Tol.&OhioCent. Istwk May
50,822i
33.510
809.302
591,081
ITol.P.&West... 4thwkApr.
20 904
20,073
339.989
302,011
Tol.8t.L.&K.C IstwkMay
29,252
36,176
603,620
635,512
UnlonPao. RR.. March
l.869,423;i,652,092 6,1:^7,714 4,395.418
IstwkMay 277,'^98 256,061 8,466,180 4,796,125
Wabash
W, J'rsey&Sea'e March.
216,110 204,710
560,564
479,564
W.V.Cen &Pltt, March
118,493 112,520
335,130
287,089
Western of Ala.. March
65,168
59,144
205,328
168 541
West.N.Y. & Pa. 4thwk Apr.
79,300
81,700 1,072,492 1,031.819
Wheel. &L. Erie 'IstwkMay
35,767
32,692
672,014
511,261
Clev.C.&So.. IstwkMay
14,057
12,492
272,086
231,332
IstwkMay
Total
49,824
45,184
941.9071
742,693
Wisconsin Cent. Istwk May 103,581
96,974 1,707,036 1,644,020
Wrightsv.&T'n. February
14,170
9,157
29,298
16.861
Yaz.oo&Miss. V. April
305,7931 325.905 1,636,459] 1,493,823
York Southern.. March
7,830
6,444
19,539
15,822
.
8.98i".678
2,211,613
5,584
146,393
1,312,867
169,427
1,401,717
8,461,933
6,915
5,652
2,114,274 1,871,967
145.977
157..'i89
3,637,197 3,207,756
3,879,769 3,485,446
237,719
203,915
28,144
19,675
4,130.519 3,675.542
10.849.658 9,640,920
1.800,63
1,581,760
2,255,304 1,993.83 2
1,307,510 1,0>4,255
13,422,032 12,254,240
9,544.877 8,673,832
517,113
379,336
1
5,437,455
2,265,339
392,956
*627.228
1,530,483
112,332
5.307,663
800.647
727.286
744,239
1,043,736
54,068
Roads.
4,705,235
2,316,400
334,160
*489,460
1,275.247
87.742
4,381.181
587.100
576.380
455.974
882,347
47,242
.
.
76.418
48.108
219.511
185.473
3,305,977 3,021,749
217,616
164,061
771,938
618,495
53,961
42,894
680,514
566,286
8,510,166 7,471,138
6.679
4,055
112,715
115,183
479,671
43 2,806
31,774
30,316
581,986
656,476
348.620!
355,246
158,702
162,000
4,285
2,582
586,942
546,488
452.237
385,057
297,132
403,141
29,035
28,990
7,052,459 6.548 449
3.863,755 3,650.303
254,393
270,929
i
I
I
I
I
I
1,797.688 1,549,769
Tot. system. April
Q'lfB'mnt&K.C April
Iiid.Dec.
Latest Gross Earnings.
Latest Date.
Rapids
Gamer&N'w. February
Iowa
to
Ourrent
Current Previous
Tear.
Jan. 1
wkJan
April
March.
March...
.
March...
105,629
51,359
71,200
33,:<66
93,090
58,731
71,800
32,700
4,531
10,826
100,174
26,096
22,429
5,280
49.294
95,861
35,031
5,334
13,941
112,916
38,231
27,959
4,010
46,638
135.301
38,663
1.980,232 1,755.009
1,282,697 1.343,388
27,465
16,922
6,818,401
917,105
653,060
8,388.566
86,902
39.593
1,510,530
874,405
10,776.991
609,905
293,627
1,262,890
1,274.000
5,508.164
699,169
596,855
6,804,188
87,547
943,045
817,373
9,131,956
550,400
254.779
1,297,868
1,212,080
685,430
17,373
25.490
212,668
268,630
1,811,S40 1,499,663
468.250
583,257
96.241
122,222
73.350
78.612
483,156
489,859
274,429
361.251
157.677
156,032
5,869.854 4,745,320
4,150,4661 4,380,657
46,027
75,338
742,12,'5
:
I
,
Figures for March and April are for the railroad only. \ Mexican currency. § Covers results of lines directly operated east of Pittsburg,
Includes Chesapeake & Ohio So'western, Ohio Valley and Chicago and Texas for both years. Results on Yazoo Branch excluded In 1899
h Does not include the Austin & Northwestern, the San Antonio & Aransas Pass or Houston & Texas Central system
e Results on Montgomery Division are included in 1900, hut not for 1899
•
t
—
..
..
THE CHRONICLE.
942
statement of operations, earnings and
for the Chronicle as follows:
compiled
been
has
charges
FISCAL RESULTS.
AND
OPERATIONS
Statistics.— The
1899.
1896.
1897.
1898.
512
512
512
512
Miles operated
Operations —
482,343
4ei,8P9
493,622
563,758
Pass, carried
45,753,614
Pass, car'd 1 mile.. 68.807,094 62.l44.0l0 54,707.985
1-76 Ots.
I'fiO cts.
1"55 cts.
Rateperpass. I), m. 1-60 cts.
3, 148,'^ 50
3.313,540
3.816.686
4,275,908
(tons) carried..
Frt. uouBioamou..
jfxi
i^U(ton8/car'drim.l220486233 1046143799 904 102.727 890,772,263
0-626 Cts.
0-5 36 cts.
0-510 ots.
468 cts.
Rate per ton per m.
pfssS'"
l,loll98
Freight .:..
Mail, express, etc
Motive power
Maint. ofway,
4,689,<i96
6,391,420
5,815,217
5,687,766
2,909.471
IH'iS?
230,197
667,601
303,9S3
113,410
225,678
2,359,055
1,094,844
618,237
316,313
120,573
221,603
2,324,730
1,059,252
513,005
366,931
3 27,089
219,154
5,619,779
1,300,206
11,351
5,356,150
1,035,270
5,956
4,730,625
1,084,592
7,299
4,610,161
"^^^'oSI
Maint. of cars
General
*^^'^Ix
Taxes
Total
Netearnings
Other income
Total
Payments—
Interest on toonds..
Rental of equlpm't.
Rental of terminals.
Div.on 1st pf stock.
987,248
777,000
777,000
112,392
93,373
777.000
777.000
112,972
94,191
116,-^42
90,694
100,000
982,765
58,461
Due by agents. <&e.
Due by other co's.
Due by p. O. Dept..
.
Misoel. accounts
Total...
Liabilities—
Istpref. stock
2dpref. stock
Common stock
Funded debt
984,163
3.085
31.
1896.
1897.
1898.
46,086,158 46,0»6,158
3,720,847
3,720,847
201,896
2S9.596
3 59,360
463,518
278,045
1,183,250
4,639
1,738
534
211,463
318.851
302,691
522,066
584.934
353,860
7,452
7,452
7,325
48-038
37,397
50,823
46,086,158
3,720.847
212,497
366,535
12,567
191,202
394,759
7,452
42,908
51,266,127
51,034,924
51,865,347
51,295,018
5,000,000
5.000,000
5,000,000
5,000,000
11,000,000 11,000,000 11,000,000 11,000,000
14,000,000 14,000,000 14,000,000 14,000,000
19,425,000 19,425,000 19,425.000 19,425.000
389,005
473,596
534,905
462,959
Unpaid voucheia
191,861
205,186
216.707
220,442
Unpaid pay-rolls
75,628
103,582
100,624
93,544
Due co's & Individ's..
320,000
Renew'l & impt. acot.
9,800
8.860
10,800
9.l6i)
Int. due & not paid..
194.2.50
194,250
194,250
194,250
Int. acc'd.not due..
51,000
49,617
48,233
46,850
Rentof eq't, notdue.
100,000
250.(>00
Dlv. on 1st pf. stock..
541,897
541,897
54i',897
541,897
Sinking fund acc't....
156,484
164.140
222,602
301,246
Income account
—
,51,865,347
Total
51,295,018
51,266,127
51,034,924
-V. 70, p. 331.
ReceiptsNet earnings
10,249,510
3,447.728
74-83
10,392,351
3,429,263
7519
1899.
1898.
$
$
1897.
1896.
$
$
3,447,728
44,619
3,429,263
from investm'ts
3.500,176
44,678
Total income....
3,544,624
3,544,854
3,492,347
3,468,948
184.310
194,310
2.235,625
184.310
2,230,714
282,402
2,2 '0,255
Inc.
Disbursements—
Rentals paid
Interest on debt
Can. Southern share
New second track
Miscellaneous
2.229.975
300,574
66,000
10,326
300,667
70,000
2,790,186
754.439
749,520
2,790,602
754,252
4,919
4.732
. .
Total
Surplus for divld'ds
Dividends (4 p. 0.)..
Surplus
749,520
39,685
184,310
296,474
2,697.426
794,921
749.520
2,691,039
45,401
28,389
777,fl09
749,520
31.
1899.
1898.
1897.
Assets—
$
$
$
Construction acots. 43,255,804 43,253,589 43,239,151
Investments
670,878
670,878
670.786
Fuel and supplies... 1,093,625
961.898
1,393,220
86B,380
Accounts receivable
921,313
879,373
UncoU'd earnings.
292,530
497,684
408,986
Cash
1,499,557
673,613
894,111
1896.
$
42,490,130
670.696
1,661,358
1,246,822
346,800
402,396
.
.
,
Total assets
LiabilitiesCapital stock
47,733,707
46,937,035
47,472,634
46,818,204
18.738,000
18,738,000
19,026 000
1,826,718
280,384
374,760
18,738,000
18,376.000
1,867.578
280,496
374,760
65,000
7,232,855
18,733,000
19,101,000
1,145,893
279.446
374,760
70,000
7,227,936
7,226.772
7,181,370
liabilities... 47,733,707
46.937,035
47,472.634
46,818,204
(see Supp't).. .19,101,000
Accounts payable.... 1,945,871
Accrued interest
276,221
Dividends
374,760
New
second track
Income account
Total
—V. 69, p. 1297,
1301.
American Felt Company.
(Balance Sheet of Jan. 1, 1900.}
The balance
A
sheet of Jan.
Five plants
Cash
&
debts rec'v'ble.
Stock, etc
Patent rights
Miscellaneous
Total
Assets—
Real estate
in substance:
Total
—V. 70, p.
$93,116,454
.$3,254,600
.
1,077,431
Debts
Reserves.
Profit
150,000
211,233
.
and loss.
.
Total
$4,693,264
New York
Co. of
31, 1900.
Liabilities
$1,380,560
3,849,630
14,170,3H9
8,320,735
310,852
10,350
65,073,938
:
—
Liabilities
Capital stock..
(Balance Sheet Jan.
Supplies
year $192,000 of 5 per cent Jackson
Lansing & Saginaw extended consolidated mortgage bonds
were purchased and canceled by the trustees of the land
grant fund.
Earnings.— The gross earnings show an increase of $1,458,The freight traffic shows an increase in tons moved one
000.
mile of 285,456,309, and an increase in earnings of $1,061,133.
The rate per ton per mile decreased in cents from 597 to
The passenger traffic increased 20,551,417 in
0-564, or 0033.
passengers moved one mile and $384,728 in earnings. The
rate per passenger per mile shows a decrease in cents from
2-225 to 2-181, or 0044.
The gross operating expenses and taxes show an increase of
This account includes the cost of all betterments
$1,458,000.
and additions, excepting $65,000 set aside out of net revenue
of 1899 and credited to a special fund for the construction of
a second track between Ypsilanti and Dexter (in addition to
the $70,000 set aside in 1898), and $3,215 included under the
1900, is as follows
American (Bell) Telephone & Telegraph
Patent rights
Miscellaneous
Financial.— T>\xvmg, the
$1,855,842
604,618
1,365,070
852,300
15,434
$4,693,264
—V. 68, p. 471
Cash and debts rec
31, 1899.)
1,
fiftP.tit—^
Plant
Michigao Central Railroad.
(Report for the year ending Dec.
$
1,933,651
1,542,335
6,281,478
308,389
326,453
3,499,946
44,678
Equipment
Chairman Channcey M. Depew says
3,500.176
75 08
1896.
2.008.318
1,440,946
6,151.670
318.259
330.317
408 099
10,'i45,973
LXX
INCOME ACCOUNT.
Bonds
$
Assets
$
46,086.158
Cost of road
Cost of equipment... 3,720,847
Materials and fuel...
Cash.
Bills receivable.
$
.
1,084,236
7,655
BALANCE SHEET DECEMBER
1899.
1897.
$
BALANCE SHEET DECEMBER
1,091,891
1,232,915
78,642
Total oper. exps 12,004,116
3,499,946
P.o.op.exp.toearns
77-43
1898.
1,973.0^6
1.518,437
6,348,379
297,992
Net earnings
977,605
9,643
•1,041,226
97,673
250,000
Total
BnrpluB
l,136,«i07
[Vol.
1899.
Operating expenses—
$
Maint. of way. etc..
2,33t,395
Maint. of equipm'nt 2,161,394
Transportation
6,784,1^3
General
297,483
Taxes
426,691
93,755
1,311,557
10>-,242
.
801,915
4,843,568
94,672
6,919,985
„^„
2,864,949
1,274,186
—
$
$
876,977
961.966
5,330,676
97,778
5;713.492
102.294
. . .
Total earnings..
Expenses
Transportation.....
,
J
,
—
Capital stock paid in.$70,975,500
Debts
19,105,837
Reserves
Profit
and
935,635
2,099,482
loss
$93,116,434
Total
896.
American Tobacco Company.
(Report for the year ending Dec. 31, 1899.)
The Treasurer's report to the stockholders says
" The company has issued during the year $33,500,000 common stock and has redeemed in cash $555,510 dividend scrip
issued May 1, 1896. The total amount of stock and dividend
scrip now outstanding i.s |54,500,000 common stock, $14,000,000 preferred stock and $3,024,490 dividend scrip issued May
Of the common stock, $21,000,000 was issued for
1, 1896.
dividend to the holders of common stock and $12,500,003 was
issued to purchase the entire capital stock of the Union Tobacco Co., consisting of $9,600,000 preferred stock and $12.000,000 common stock. The Union Tobacco Co. has been
dissolved and the assets of that company have been transferred to this company and the stock of the Union Tobacco
Co. retired.
"Cash to the extent of $6,211,812 has been expended by
liead ot construction.
The comparative statistics for four years, compiled for the this company during the year in the purchase of properties,
good-will, businesses and stocks of other companies.''
Chronicle, are as follows:
The earnings, balance sheet, etc., compare as follows
OPERATIOKS AND FISCAL RESULTS.
1897.
1896.
EARNINGS, CHARGES, ETC.
1898.
1899.
:
:
1,658
Miles operated
1,658
1,658
1,642
Equipment—
461
461
461
461
Locomotives.
363
364
363
364
Passenger equipm't.
13,234
13,224
14,747
13,498
Freight equipment.
Operations—
2,S64,059
2,456,261
2,600,032
Passengers carried. '2,878,008
Passenger mileage.. 165,057, 169 144,505,752 154,405.319 158,317,124
2-225 cts.
2175 Cts. 2-268 cts.
Rate p. pass. p. mile. 2-181 cts.
8,^82.110
7,627,176
7,276,270
Fr'ght (tons) moved. 10,212,988
Fr'ghtd'ns) mileage 1 1,950,6 14 tl,665,158 1 1,533,606 f 1,480,251
0-616 ots.
0-597 cts.
0-636 Cts.
564 cts.
Av.ratep.tonp. ml'e
t Three ciphers omitted.
.
Earnings—
Passenger
Freight
Mail, express, etc...
$
3,600,025
11,000,685
903,352
Tot'l gross earns 15,504,062
$
3,215,296
9,939,553
891,300
3,358,169
9,450,556
888,523
3,545,656
9,412,462
863,496
14,016,149
13,697,238
13,821.61
1899.
1898.
1897.
1896.
3,593,197
$
$
Net earns, over ch'ges.. 6,202,384
Deduct —
Div onpref.stk. (8p.c.). 1,120,000
Dlv. on common stock.. *z,%12,bOO
192,143
Interest on scrip
4,957,804
4,179,460
1,007.020
1,612,300
214.800
969,360
989,360
1,432,000
214,800
l,»il6,460
4,184,643
1,017,741
22,557,689
2.834.120
2.123,684
7.447,650
11.701,414
1,281,741
2,616.160
1.563,300
5,884,549
2.729.020
864,177
8,60D,372
23,575,430
Total
Scrip div. on com. st'k..21, 000,000
22,557,689
7,447,849
U,4b4,549
3,580,000
2,575,430
22,557,689
7,447,849
5,884,549
Total
Surplus for year
Surplus Jan. 1
Sale of plug business
Other sources
Surplus Deo. 31
In 1896, 9
p.
c; in 1897 and 1898, 8 p. c; In 1899, 6»4
143,200
p. c.
.
May
THE CHRONICLE.
12, 1900.J
BALANCE SHEET DEC.
—
31.
1899.
1898.
1897.
Assets
*B
m
^
Real Ohtate, mach'y, flxt'8, etc.... 4,636,«38
3,391,0851
Leaf tobacoo, stock, supplies, etc. 10,286,750
«,71G,24l r,- .ao i a
8to(k8ln other co'8 (low varn)... 17,929,987 20,127,585 ^^'.*o».'-»*
Pat'nts.trademarks.good-will.etc 31,887,167 24,903,781 j
Stocks In toreis:n companies
4,363,755
1,264,655
1,264,655
Cash
4,445,592
2,903,050
1,538,752
Bills and acooiints receivable
3,525,453
2,991,358
2,017.645
!
i
Total assets
LiabilUies—
Capital stock,
Common
common
stock, scrip
Capital stock, preferred
Preferred stock, scrip
Dividends
Accounts current, payable
Accrued consignees' commission
Advertising fund
.
Interest on scrip
77,075,543
62,297,755
54,500,000
3,024,490
14,000,000
21,000,000
3,580,000
14,000,000
1,097,500
1,729,482
50,246
68,260
30,1.36
Surplus
2,575,430
42,289,236
""^
17,900,000
3,580,000
11,935,000
182,000
700,000
600,340
307,731
206,900
16,151
284,024
100,384
117,323
35,800
35,800
22,557,689
7,447,849
77,075,543 62,297.755 42,289,236
directors were elected, viz.: R. L. Patterson, for
ft term of three year?, and H. D. Lae, for a term of two years.
The officers chosen are: President, J. B. Dnke: Vice-Presidentp, J. B. Cobb, W. R. Harri?, and S. W. Hill; Secretary,
R. L. Patterson; Treasurer, H. D. Lee. Mr. Harris succeeds
H. L. Terrell, resigued, while Secretary Patterson succeeds
S. W. Hill, advanced to the Vice-Presidency.
Treasurer
Total liabilities
Two new
George Arents declined
re-election.
—V.
70, p. 896.
31, 1899.)
This company was incorporated in January, 1899, and in
July paii its first semi annual dividend of 50 cents per $50
share, each share being $7 50 paid and in January paid a
second dividend of like amount. At the annual meeting
on April 24 the following information was made public, as
reported by the Philadelphia papers
The company has paid casli for all of its property and has in its
:
treasury all but $187,000 of the bonds originally on the properties
purchased, so that there is no large fixed interest charge ahead of the
stock. The earnings for the year show a large increase over the previous year, and the management has no doubt that substantial increases will be shown the coming year. By the purchase of the Atlantic City (N. J.) Gas & Water Company's electric-light olant, complete control of the electric lighting in that city was acquired. The
entire electric-lighting business of Scranton, Pa., Is also controlled.
The companies owned and controlled are
Camden Lighting & Heating Co., Camden, N. J.
Atlantic EL ctrio Light & Power Co.. AtlanticJOity, N. J.
Electric Light Co., Atlantic City, N. J.
Jamaica Elf ctrio Light Co.. Jamaica, L. I.
Suburban Electric Light Co., Scranton Pa.
Dunmore Eicctric Light Heat & Power Co., Diinmore. Pa.
Conshohooken Electric Light & Power Co.. Conshohocken, Pa.
Conshohocken Gas Light Co., Conshohocken, Pa.
Scranton Illuminating Heat & Power Co., Scranton, Pa.
Columbus Colliery, Scranton, Pa.
Wheeling Electric Co., Wheeling, West Va.
Electric Illuminating & Power Co., Long Island City,N. Y.
Electric Illuminating Co., Altoona, Pa.
:
receipts, etc., during the year were :
Beceived from the operation of plants controlled
"Other sources," understood to be mainly premiums received on stock sold
$407,975
633,369
Assets
—
$636,654
$3,071,361
352,489
19,495
167,592
275,553
Accrued iuierest
Bills receivable
Cash
Charter and organiza'n.
Office furniture, etc
Uahllities
tStook paid in
$3,034,0fi3
and loss surplus.
Accounts payable
838,925
27,417
Profit
—
:
additional pipe lines.
lease 130,865 acres of gas and oil
Western Pennsylvania and West Virginia. lb onthrough its ownership of the Union Gas Co. of McKeesport 413^
acres and through its majority ownership of the Equitable Gas Co.
4,132 acres of leaseholds. During the year the main line of the company 10 its West Virginia fields has been put in good condition and the
cost charged to operating expenses.
Statistics.
Earnings, expenses, ttc, were as follows:
<
trols
—
EARNINGS, E.XPENSES. ETC.
1899-'00.
Receipts—
From gas
Total
1898-'99.
2,083,6"
1896-'97
1897-'98.
$
$
$
$
79.551
366.482
1,558,097
115,071
63,383
1,410,839
32,556
66,285
1,228,538
ll,0d2
50,246
Total receipts
2,!^29,ti83
Operations, taxes, &c.. 1,294,736
1,736,551
1,020,408
1,509,680
864,619
1,289,846
962,067
1,234,947
716,143
645,058
327,779
219,764
679,299
203,645
27,493
231,036
300,000
153,636
75,000
71,029
•'
oil
Net earnings
Deducts
Paid leased companies.
Dividends
Interest on bonds
Other interest
12,5 .J6
1,389
$3,900,405
;
Dividends, &o
31, 1899.
—
'Stocks and bonds
Accrued earnings
Total
$838,925
202,271
.
,
BALANCE SHEET DEC.
—
territory situate in
Total net receipts
$1,041,344
Dividend, 50 cents per share paid July, 1899, on 404,838
shares, $7 50 paid ($20,241,900 par)
202,419
Balance on year's operations
M
The company now holds under
The
Balance credit to profit and loss as per balance sheet.
Dividend 50 cents per share paid Jan., IfcOO
Acquisitions. Daring the year the company purchased
the entire capital stock of the Low Pressure Gas Co., a
distributing company in the boroughs of Homestead and
McKees Rocks It has also purchased the entire capital
stock of the Union Gas Co. of
Keesport, supplying
in
the city of
fuel gas
McKeesport and vicinity.
It has also purchased 4,653 preferred shares out of a total of
6,000 preferred shares and 13,052 common shares oat of a
total of 14,000 common shares of the Equitable Gas Co.,
which company supplies fuel gas to consumers in the city of
Pittsburg. It has also purchased 17,706 shares of the Pennsylvania Natural Gas Co., which, with 1,870 shares previously
held, vests in this company 19,582 out of a total of 20,000.
I oihstructioH.— The acquisition of the control of these several companies with their facilities for distribution to consumers has largely increased the demand for fuel gas, and
the board deem it wise to take up during the present year a
number of the transportation lines now reaching older fields
and to re-lay them as a new line in the direction of the West
Virginia gas fields. While this will entail considerable expense, the work can be so managed as not seriously to increase the operating expenses of the company and the result
will be to largely increase the supply of gas.
Changes in Balance Sheet. The board of directors have
ordered that the item of "charters, franchises and patente,
$1,172,884," appearing as an asset in the financial statement
of April 1, 1899, be reduced to a nominal value of $1
also
that the item "capital stock shares and property of the AlleChartiers Railway Co., $4,521," be charged off.
gheny
These and other items reduce the surplus to $699,183, to
which should be added §104,744, the surplus of earnings for
the past year after payment of dividends on the common
stock, making the surplus March 31, 1900, $303,927.
United Traction Co. Since Nov. 1, 1899, the company, in
pursuance of the authorization of the stockholders at their
meeting of Feb. 16, 1899, has acquired by the issue
of 126,32518 shares of its common stock 336,867 common
shares of the United Traction Co. of Pittsburg, together v^ith
the sum
of $336,867, being $1 per share required by
the terms of the authorization to be paid by the stockholders of the United Traction Co.^ This fund is being
used in the acquisition of the floating debt of the United
Traction Co. and its notes taken for the amount of floating
debt are being carried as bills receivable, it being the intention of this company to so carry the debt unless all of the
common shares are acquired by this company when the indebtedness should be canceled.
Gas and Oil Wells.— The gas and oil properties are referred
to as follows
During the year 17 wells were purchased and 44 wells were drilled,
of which 27 were productive of gas. 9 of oil and 8 non-productive.
Forty wells were abandoned, having ceased to be productive, making
the total number of wells owned and in use by the company at this
date 416.
During the year 30 miles of pipe were reclaimed, 66
miles were laid and 37 miles of lines were purchajec". The total
amount of pipe lines operated by the company is now l,<i34 miles, and
it controls throutrh stock ownership in oiher corporations 127 miles of
&
Electric Compaiiiy of America.
(Report for the year ending Dec.
943
16,667
$3,900,405
547,703
228,636
1,130,199
71,029
sur.104,748 sur.168,440 sur.416,422 8ur.256,750
iVoi'e.— Among the receipts for 1899-1900 above, the item of $366,482
"Dividends, etc.," includes Dividends from companies owned, leased
and operated, $310,948 premiums on bonds sold, $9,875 interest on
bank Balances, etc., $4l,9bl rentals, $3,698.
Total
Of companies controlled, t $7 50 per share on 404,541 shares of
$50 each, viz., $20,227,050 par.
The President says the directors have not considered the
matter of a call for an instalment upon the stock. V. 70, p.
*
—
Balance
:
;
;
;
689.
Philadelpliia Company.
(Report for the year ending March
31, 1900. J
President J. H. Reed says in substance
Qas, Etc.— The company sold this year 16,671,297,000
cubic feet of gas, being an increase of 4,941,785,000 cubic
feet, with additional receipts from that source of $525,553.
The advances made for the purchase of the indebtedness of
the Chartiers Valley Gas Co. have been repaid out of its
earnings, and the earnings of that company will be available
in the future as additional income to the Philadelphia Co. to
the extent of its holdings of the Chartiers Co. stock.
The increased business offering to the Allegheny County
Light Co. rendered imperative large improvements and addi:
The combined earnings of the Consolidated Gis Co. of
Pittsburg, Allegheny Illuminating Co.. Allegheny County
Light Co.. Chartiers Valley Gas Co., Union Gas Co. of McKeesport, Equitable Gas C). and United Traction Co. for the
late fiscal year were as follows
Gross earnings
$3,628,167
Operating expenses and taxes
1,675,365
:
Net earnings
Deduct Interest on bonds and dividends on
pref. shares
$1,952,802
1,283,956
Net after meeting above charges
Applied to reduction companies' debt
Expended for improvements and betterments
$66«,846
$227,371
205,033
Balance available
Dividends declared
$236,442
225,000
Surplus over dividends
$11,442
tions to its plant, and this company advanced to it $125,000,
and for that purpose sold $125,000 of first mortgage bonds,
The Philadelphia Company's proportion* of dividends demaking the total issue of first mortgage bonds to date $4,- clared as above was $323,620, and this amount is included in
135,000.
"dividends, etc.," in
its
statement of receipts above.
—
——
J
.
THE CHRONICLK
944
CO. MARCH 31, 1900.
Liabilities—
,>«-./,
$14,719,956
Stock, common
Stock, preferred
3'^^?'q52
$352,622
223.182
734,245
Bills receivable
Stock of other comp'8. 14,542,989
125,000
Advances
521,050
Real estate
483,065
Gas and oil vrellB
Trans. & dist'n lines
& serv connections. 5,812.107
710,014
Begul ators & metres
Gas leases, gas rights
643,777
and rights of way...
186,422
Material
128,975
Miscellaneous
Accounts receivable..
Accounts payable
Consumers' advances.
Bills payable
Consolidated Gas Com-
pany
Funded debt
Intep^st accrued
Dividend on preferred
.
Total
—V. 70, p. 684.
stock
Osborn Congleton, Lina Beecher, T. P. Daniels,
H. V. Brandenburg and Miers J. Darby, all of New York.
Atchison Topeka & Santa Fe Railway.— Lisied.— The
York Stock Excuange has listed $1,050,000 4 per cent
ICO year adjustment mortgage gold bonds of 1995, stamped
interest payable semi-annually, and has given authority that
61,750 additional amounts of said stamped bonds up to $20,000,000
•*'^;?£'992
be added to the list from time to time as and when ex17,187
changed for the annual coupon bonds. V. 70, p. 738.
''^
ooo
60,398
633,276
,
New
—
« ^ ,-
—
Birmingham (Ala.) Belt RR. Bonds —The stockholders
on May 5 authorized the issuance of $1,500,000 of bonds, se*
cured by a mortgage on the company's belt line, franchises,
The proceeds, it is said, will be used for extensions, etc.
$24,463,456 etc.
^-S'^^Z
803,927
Profltandlosa
Total
$24,463,456
LXX.
include:
GENERAL BALANCE SHEET OF PHtLADELPHLA
C^8h.!'*
[Vol.
—V.
70, p. 739.
—
Boston & Maine B,ft.— Quarterly. Earnings" for the quarter and the nine months ending March 31 were
Dee.
ending
31,
{Report for year
1899,
Interest,
Bal., sur.
Other
Smos.endOross
Net
or def.
ing Mar. 31. earnings, earnings, income, taxes, etc.
President Dolan at the annual meeting said in part.
eur.$38,145
$4,893,412 $1,253,740 $134,284 $1,349,879
I inane ial—The financial statement of the United Gas [mprovement 1900
United Gas Improyement Company.
:
profits for
Co. for the year edding Dec. 31, 1S99, shows the net cash
the
that year to have been $4,948,923 notwithstanding the fact that
increase in taxes and In the cost of materials used in the manufacture
In
of gas amounted to $325,000. as compared with the prices of 1898.
addition to this, there were placed in the company's treasury, all pracof gas and
tically within the last fiscal year, various shares and bonds
electric companies, the present market price of which is $b,500,ooo
accordance
more than their cost to your company, which, however,
with the companv's settled policy, are carried on the books at cost.
niust
The profits of the past year are the largest in our history, and
not be accepted as a fair measure of what may be expected in subsequent years. The said cash profits not divided among the shareholders or expended on extensions of your various properties, together
with the fund received from the increase of the capital stock, werejlnrested or are required for investment in the New York and Connecti.
cut properties acquired.
,, ^^
AcQiiisitions.— The consolidation of the electric light companies of
Power
Co.,
Light
People's
&
the
with
Hoboken and Elizabeth, N. J.,
controlling the electric light plants in Newark, the Oranges, Montclalr Jersey City, Bergen Point and intermediate towns, which was
under way at the date of the last annual meeting, has been consummated. The new company Is known as the United Electric Co. of
New Jersey, and Is controlled by your company.—V. 68, p.inil34.
Hudson
The following corporations, being all the gas companies
County, N. J., have been consolidated into the Hudson County Gas
Co. (V. 69, p. 957), which is controlled by the United Gae Impt. Co.:]
People's Gas Light Co. of Jersey Hudson County Gas Light Co. or
m
I
I
—
—V.
70, p. 685.
Brooklyn Ueigbts RR.—§uarferZ?/.— Earnings
for the
quarter ending Mar. 31, including the operations of lessor
companies, as compared with the results of the same companies in 1899, were:
3 mos. end.
3Iarch 31.
1900
1899
—V. 70, p.
Oross
earnings.
$2,596,194
2,437,526
840,531.
•
.
City,
def, 2i;,533
1899
4,286,207 1,189,308 151,018 l,36a,659
9 months
1899-0 ...$16,641,304 $5,257,116 $453,482 $4,153,626 8ur.$l,556,972
1898-9.... 14,652,041 4,560,882 429,016 4,089,555 BUT.
900,373
Hoboken,
Buffalo Rochester
Other
income.
$916,919
685,892
$7.'*.
were
18990
$3,474,227
2,883,989
l!;93-9
V. 70, p. 685.
—
by purchase,
Port Chester El. Lighting Co.,
Municipal Gas Co., Yonkers,
Hudson River Gas & Electric Co.
Yonkers Gas Light Co.,
Tarrytown,
N. Y. Suburban Gas Co., of Mt.
Vernon, Port Chester.Larchmont Larchmont El. Lighting Co..
East Chester El. Lighting Co.,
and Pelham;
White Plains Lighting Co.,
^
,,
^
These companies are all of [Westchester County, New \ork, and
practically give your comoauy control of the lighting business in New
York State adjaoent to the City of New York.
We are also engaged in the completion at this time of the consolidation of the gas and electric interests in the cities of Johnstown and
...
Balance.
$1,074,955
1,002,554
$82..^05
deficit.
226,352
& Pittsburg Ry.— Quarter Z^.— EarnNet
Gross
3 mos. end.
acquired
Interest,
taxes, etc.
months ending March 31
:
earnings.
Mar. 31.
1900
$1,206,023
885,165
1899
9 months—
|
530
90,308
ings for the quarter and the nine
Bayonne & Greenville Gas Light
Jersey City GasLight Co.,
Co. of Bayonne, N. J.
Consumers' Gas Co. of Jersey City,
The two consolidations above mentioned, together with the acquisitions and consolidations reported at the last annual meeting, under
the Paterson & Passaic Gas & Electric .Co. and the Essex & Hudson
Gas Co. of Newark, gives your company the control of all the gas and
electric lighting properties situated in Essex, Hudson and Passaic
counties. New Jersey, with the exception of the gas company in the
city of Elizabeth. This territory is practically all of the territory
tributary to New York City lying south of the city itself, excepting
Bergen County, New Jereey. (See V. 68, p. 430; V. 67, p. 1160, 1161,
A controlling interest In the following companies has been
Net
earnings.
earnings.
$507,439
288,989
$1,377,608
987,a24
Other
income.
$4,229
1,886
$14,096
8,531
Interest,
taxes, etc.
Balance,
$352,416
234,815
$15y,252
56,060
$864,556
732,756
$527,148
263,099
surplus.
Cayadutta Electric RR. Consolidatei Mortgage.—The
company has made a mortgage to the New York Security &
TrusO Co., as trustee, to secure au issue of consolidated 5 per
cent bonds to the amount of $600,000, of which $350,000 to be
held by the trust company to retire the first mortgage 6 per
cent bonds due in 1922. The remainder to be used to pay
oresent indebtedness and for future improvements. V. 70,
—
p. 894.
Cnicago «fc Alton RR. Extra Dividend.— The ayndica,te
which acquired the stock of the Ciiicago & Alton RR. haa
been paid a cash dividend of 30 per cent, being the accumulated surplus earnings of the company which had not been
distributed to the stock. Tne payment amounted to about
$6,500,000. The regular quarterly dividend of 19^ per cent
has been declared, payable June 1.—V. 70, p. 736, 739.
—
Chicago & Alton Uy.—New Mortgage. The new bonds to
be issued under the mortgage for $22,000,000 referred to in our
last issue will be entitled "first lien 3>^ per cent fifty-year
GloversviUe. in the State of New York; all the properties necessary to gold bonds" and will be secured by the stock of the old Alton
the consolidation having been acquired. The gas business in these RR. Co. and by a direct first lien on the former St. Louis
cities has long been under the control of your company.
Peoria & Northern Ry. The bonds will be redeemable at
In the State of Connecticut we have acquired a controlling interest
par on sixty days' notice. Interest dates on January and
in the following:
July.
Miltord Street Ry. Co.,
Norwalk Street By. Co
Connecticut Lighting & Power Co.
Directors.— James Stillman and George J. Gould, of New
Waterbury Traction Co.,
owning the lollowing:
Central Ry. & Electric Co. of New
York, and Norman B. Ream, John J. Mitchell, President
Light
Co.,
Gas
&
Elec.
Greenwich
Britain,
Housatonic Power Co. (having a Norwalk & South Norwalk Elec- of the Illinois Trust & Savings Bank of Chicago, and J. W.
tric Co.).
Doane have been elected directors. V. 70, p. 894.
minimum capacity of 5,000 horse
Norwalk Gas Light Co..
power from one dam),
,
—
Naugatuck Electric Light
Bridgeport Traction Co.,
Shelton Street RR. Co.,
Westport
By. Co.,
&
Saugatuck
Soutbingtou
Street
way
&
Co.,
Plantsvllle Tram-
Co.
All of tuese companies have a present earning capacity which will
make a fair return on their cost, with great possibilities of improvement by economies in management and increase of business.
Equitable ll'.umi ating Gas Light Company of Philadelphia.— Dvlt-
ing the year 1899 the re-building and extension of the manufacturing
and distributing plants of the Philadelphia Gas Works has been continued, and there was expended on improvements, betterments and
extensions $2, 47 3, 648, divided between the manufacturing plant and
the distributing system, bringing the total expenditures on this account from the beginning of the lease to Dec. 31, 1899. to $5,617,810.
Adding to this the appraised value of the plant of the Philadelphia
Gas Improvement Co., which reverts to the city at the end of lease,
wehave a total increase la the value of the Philadelphia gas plant of
$6,677,810.
Owing to the great advance in the price of petroleum and Us products, the profits of the street-lighting companies controlled by the
United Lighting «fe Heating Co., organized in January, 1899, have not
been as satisfactory as anticipated, but the marked increase which is
being made in the use of gas lamps with WeUbaoh burners should enable the management during the year lyOO to show better results
from this investment.
& Qaincy RR. Possible Extensions.
confirmation of the report is lacking,
there is an excellent reason to believe that the C. B. & Q.
will extend its Nebraska division from Alliance, Neb., to
Ogden or at least to a point near Ogden. The new line will
practically parallel the Union Pacific at a distance of between
forty and fifty miles north. It is no secret that the Barlington management has been considering tkie practicability of
extending its system to the Pacific coast. The company's
engineers have survered two or three routes within the past
" New York Sun."
fe'V years.
Much doubt IS expressed in Boston whether the company's
plans for a line to Ogden are as definite as would appear from
the foregoing.— V. 70, p. 739.
Chicago Burlington
— Although
official
—
Chicago
&
Eastern Illinois
UR.— Listed. —The New York
Stock Exchange has listed $2,228,100 additional general consolidated and first mortgage 5 per cent bonds of 1937, making
the total amount listed to date $11,995,000. The additional
bonds were issued as follows:
New road, Marlon to Thebes, 62i« miles, 8t $18,000 per mile. $1^
Of the $7,500,000 of new stock authorized, $6,780,000 has 126,000;
new equipment (cost), $S02,000; Evansvllle Terre Haute i
been paid in.—V. 70, p. 850.
Chicago Railway [consolidateid with C. & E. 1. RR.], 48"58 miles, and
GENERAL INVESTMENT NEWS.
Indiana Block Coal RR.. 12-62 miles, a total of 61-^0 mUes, at $18,000 per mUe (less $300,000 reserved to retire bonds not yet matured),
$801,0C0.—V. 6?, p. 1345.
Choctaw & Memphis UR.— Consolidation. See Choctaw
—
Oklahoma & Gulf RR. below.—V. 70, p. 841.
RAILROADS. INCLUDING STREET ROADS.
Choctaw Oklahoma & Gnlf RR.— Consolidation.— PreeiAmerican RailTwy Co. of New Vork Citj.— Incorporation.
Gowan in a circular announces that the company prodent
incorporated
at
Charleston,
was
stated,
is
it
This company,
Wtst Va., on May 8 with authorized capital stock of .$5,000,- poses to issue $2,000,000 preferred and $2,250,000 common
000, to build, operate
and
lease railroads, etc.
Incorporators
stock in order to absorb the Choctaw
& Memphis RR.and for
—
—
—
May
—
—
—
THE CHKONICLE.
12, 1900.]
Of the new preferred, $1,7G2, 5" will be issued, dollar for dollar, for the preferred stock of the ChocMemphis on payment by the holders of the latter of
taw
$5 per share (10 per cent) in cash. Of the new common stock
|l,0r)7,f)00 will be exchanged for the $1,762,500 common stock
Memphis, on the basis of $3 of the former
of the Choctaw
for $5 of the latter. The proceeds of the remainder of the
new stock will be used to discharge the open indebtedness of
the C.
M., for improvements on both roads and for equipment. Further facts are:
For the 282 miles of the C. & M. Road and $176,250 cash, the C. O.
& G. pays at tlie rate oi $6,250 preferred and $3,771 common per
mile. Including the stock to be Issued for Improvements, etc., as well
as in exchange, the stock capitalization of the consolidated company
•will he:
Mileage, R63 miles; preferred. $6,000,000; rate, $10,657 per
mile; common, $6,O0O,OuO; rate $10,657 per mile. Uuder the present
capitalization of the Choctaw Oklahoma & Gulf, net earnings of about
$2,130 per mile are necessary to meet the dividends now ueing paid
upon Its stocks. Under the new capitalization, with its increased mileage, net earnings of $1,750 per mile will sutfloe to pay the same rate
of dividend upon the increased capitalization.— V. 70, p. 841.
other purposes.
&
&
&
945
Harrlsbnrg Traction Co.— Purchase.— At the foreclosure
on May 2 the Greensburg Jeannette & Pittsburg Street
Ry., it is stated, was purchased by J. B, Hpad. representing
sale
the Harrisburg Traction Co., for $^5,000.— V. 70,
p. 125.
Indianapolis Street RR.— Bonds 0#ered.— Toland Bros,
and Ervin & Co., of Philadelphia, are offering for sale,
deliverable Jane 1, about $700,000 Citizens' Street RR. 5 per
cent bonds due May 1, 1933, to be issued to retire a like
& Co.
amount of 6s due June 1.— V. 70, p. 791.
Eansns City Lawrence & Topeka (Electric) TLy.-Mortgage.— The company has made a mortgage for $1,500,000 to
the Colonial Trust Co. of New York as trustee.— V. 69, p. 851.
Kansas City & Southern Jlj.- New Officers.— Oa May 5
John Lambert was elected Chairman of the board, in place
of William Edenborn. who resigned and became First
Vice-President. The Executive Committee is composed of
E. H. Harriman, Otto H. Kahn, John W. Gates, John Lambert and William Edenborn.—V. 70, p. 686.
Citizens' Railway Light & Power Co. of Hampton Roads,
Kansas Midland Ry.—Sale July 25. The foreclosure sale
Tdis company, incorporated in Virginia
Consolidation
etc.
on May 1 with $300,000 of capital stock as a consolidation is advertised to occur at Wichita, Kan., »n July 25. The
of the Peninsula Railway Co., the Peninsula Electric Light upset price is $500,000. The St. Louis & San* Francisco RR.
& Power Co. and the Chesapeake & Hampton Roads Railway Co. has arranged to acquire the property. — See V. 70, p. 740.
Co., has made a mortgage to the Maryland Trust Co. of BaltiLittle Rock Traction & Electric Qo.— Receiver.—A.t
more, as trustee, to secure 1800,000 bonds. The present issue Little Rock on May 5 President A, N. Johnson was on his
of stock is $200,000, as above stated, but this can be increased own petition appointed receiver of the company by United
under the articles of incorporation to not exceeding ,$500,000, States Court Judge Williams. A strike contributed in some
The Newport News & Old Point Railway & Electric Co, con- measure to the company's embarrassment.— V. 60, p. 1009.
trols the Citizens' Company and it is u aders too i will guaranLock Haven Traction. Reorqanized.—^ee Susquehanna
tee that company's bonds.
Traction Co. below.— V. 70, p. 633.
Collias Park & Belt RR. of Atlanta, Ga. Decision.— la
Logansport Rochester & Northern Traction Co. Mortthe suit of the Mercantile Trust & Deposit Co. of Baltimore
(as trustee under the mortgage of the Atlanta Consolidated gage.— The company has filed a mortgage for $1,000,000 in
Street Ry.) and others attacking the validity oi certain favor of the Mercantile Trust Co. of New York as trustee to
portions of the charter of the Collins Park Company, Judge "provide for the construction and equipment of the proposed
W. T. Newman in the CTnited States District Court at electric line from Logansport to Kendallville, etc., in IndiAtlanta, on May \, rendered a decision which "in effect sus- ana."
tains the action of the City Council and confirms the Collins
Long Island RR. Sale of Control.— See Pennsylvania RR.
Park line's right to condemn certain portions of the Consoli- below. President Baldwin sailed for Europe on Tuesday to
dated under its franchise with some exceptions."— V". 69, p. make a study of the various tunnel systems now in use
abroad. The project for a connecting line with the New
905.
Colambns & Maysville Uy.— Sold.— The Central Trust Co. York Central and the New York New Haven & Hartford
and Morton, Bliss & Co. of New York have sold this road to was mentioned under the heading " New York Connecting
RR." in V. 70, p. 842, 895.— V. 70, p. 894.
the Investment Co. of Philadelpbia.—V. 70, p. 279.
Decatur (111.) Traction & Electric Co.—.Bonds.— The comLouiSTille Eransville & St. Lonis B,R.— Hettlement.— The
—
—
its issue of $250,000 street railway bonds at a
price reported as 923^ to parties in New York.— V. 69, p. 905.
pany has sold
Delaware Valley & Kingston Rj,— Stay— The New York
& Western Ry. Co. on Thursday applied to the Appellate Division of the Supreme Court for a writ of certiorari
Ontario
to review the action of the State Railroad Comoiission in
authorizing the construotion of this independent coal road.
The writ, together with a stay of all proceedings, was
granted. It is claimed the les^al proceedings so begun will
delay all construction for a year or more, as the case will, if
necessary, be carried to the Court of Appeils. V. 70, p. 841.
—
Detroit Lake Shore & Mt. Clemens Ry.—Reeetuer.— William H. McBryan has been appointed receiver on the application rf H. M. Loud Sons' Co. of Au Sable
The Detroit &
Lake St. Clair Ry.was recently reported to have acquired the
property.— V. 70, p. 633.
Erie RR. Quirterly.—^skrnings for the quarter and the
nine months ending March 31 were
:
Net
Bal., sur.
3 mos.end. Oross
Other
Interest,
Mar. 31. earnings.
or def.
earnings.
income,
taxes, etc.
def,$427,2S4
1900. ...$7,605,091 $l,819,o^l $33,827 $2,280,132
1899.... 6,684,352
def. 769,485
1,430,00^
39,758
2,239,245
9 months
1899-0.$26,0=2,116 $7,808.9-5 $86,55R $6,703,571 8ur.$l,191,950
1898-9. .22,483,110
8ur.95,620
6,611,257 101.512
6,617,149
—
—V. 70, p. 791.
Great Northern Bj.—Stock Offered to Employes.—The
company has issued a circular announcing that certain of its
employes are allowed to subscribe at par for §1,000,000 of
the company's capital stock, set aside for this purpose, as
stated several months ago. This is the balance of the $100 ,000,000 authorized issue.-V. 70, p. 429.
—
Great Northern Railway of Canada.
Officers.
officers of this line to be completed next August are
— The
:
Pierre Garneau, President; Ool. James McN aught of New York,
Second Vice-President; H. H. Melville of Boston, Third Vice-President,
and Ernest E. Ling of New York, Treasurer.
Louisville committee representing the first mortgage 6 per
cent bonds of 1886, which were recently sold to Southern
Railway interests, has received from those interests and is
prepared to pay to holders of certificates of deposit representing the bonds an amount equal to the five years' over- due
interest thereon ($300 per bond) less the expenses of the committee, reducing the amount per bond to $285. New Southern Railway 43 will be given in exchange for the bonds
themselves on completion of the reorganization. A settlement has also been arranged on account of Evansville Rockport
Eastern bonds.
Meeting of Second Mortgage Bondholders. The holders of
the Louisville Trust Company's receipts for second mortgage bonds of 18S6 will meet May 17, at 12 o'clock noon, at
Safety Vault Co. in Louisthe office of the Fidelity Trust
ville for the purpose of considering a proposition of settlement for said bonds. V. 70, p. 792.
&
—
&
—
Manhattan UailyvAj.— Quarterly.— Birniugs
for the quar-
ter and the nine months ending March 31 were:
Balance^
Interest,
Other
Net
3 mos. end. Gross
surplus,
Income.
taxes, etc.
earnings.
Mar.'Ai. — earnings,
$65t>,392
$62&,553
1900
$2,401,176 $1,079,582 $202,363
387,190
675,701
48,300
1899
2,342,714
1,014,591
9 months
lS-99 '00.. $6,821,690 $2,892,344 $588,963 $2,060,009 $1,421,298
2,014,ti58
698,649
1898-'99.. 6,488,0i3
143,300
2,570,007
Dividends of 1 per cent quarterly call for §480,000 in 18991900; $300,000 in 1898-1899.— V. 70, p. 633.
—
Metropolitan Street Railway of New York.— Construction,
—President Vreeland was recently quoted as saying:
Work Is at present in progress on the extension of the Second and
Fourth Avenue lines along Park Row to Broadway. We intend ultimately to connect these lines with Broadway so as to run cars down
lower Broadway. This will not increase the congestion of traffic, as
trolley-cars can be handled much more expeditiously than cable-oars.
Moreover our terminal facilities down town are amnle.
On the upper west side we will build under Third Avenue franchises
10 or 12 miles of new track, and under our own franchise about 5^2^
miles. These lines will supply a real want and I expect them to prove
profitable from the start, as they can be operated cheaply. Work on
changing Lexington Avenue to an underground trolley line is being
pushed night and day. We have many other projects In contemplation,
which will round out the system and conduce to cheaper operation.
All these are amply provided for in the new issue of $7,000,000 stock.
The company has been given the use of the Government
docks at Quebec, and all steamships iuq in connection with
the road will be exempt from harbor, port and other dues
for a period of five years. A twenty year contract has been
made with the Canada & Atlantic for interchange of traffic
on a mileage basis.
— V. 70, p. 792.
Capitalization
Fifty-year 5 per cent gold bonds to the
Metropolitan West Side Elevated Railway of Chicago.—
amount of $6,000,000 have been authorized, issuable at the
^uus.— Property owners have brought twenty three
Damage
rate of $20,000 a mile. Bonds covering the road from Quebec
separate
suits for damages, aggregating $235,001.— V. 70, p.
to a junction at Hawkesbury with the Cinadi & Atlantic
RR., 179 miles, have been deposited with the Central Trust 737.
Mexican Central Railway. iisfed.— The New York
Co., and will be sold upon completion of the road by a comExchange has listed $1,000,000 additional consolidated
Stock
Burn,
George
Ball,
mittee consisting of J. B. Haggin, W. L.
H. H. Melville and Pierre Garneau. Ttie authorized capital mortgage 4 per cent gold bonds of 1911, making the total
stock is $3,000,000, all common, of which $3,000,00i) has been amount listed to date $60,643,000. The proceeds of the additional bonds are to be used for general improvement of the
issued.
The road is laid with seventy -pound steel rails, has stone operated lines and the building of additional branch lines.
See The mortgage now covers a total of 2,036 miles of main line
culverts, steel bridges and 1 per cent maximum grade.
and branches. V. 70, p. 894.
V. 70, p. 280.
—
—
—
—
/'
—
A
;
THE CHRONICLE.
9^6
[Vol.
LXX.
Mfssoari Kansas & Texas U&ilyvaj.— Listed.— The New firmed. An executive officer of the Pennsylvania RR.
York Stock Exchange has ordered that $231,000 additional the plan of his company as follows:
common
capital
stock be added on
May
15, 1900,
to the
The
traffic to
and from Brooklyn, with
its
states
more than 1,000,000
in-
amount now on the list, making the total amount listed habitants, has been almost entirely confined to the East River front,
and has been carried by fl )ats or lighters. Not only are these faciliThe new stock was issued wholly in exchange ties
§55.181,000.
limited and crowded, but business and manufaoturing industries
for an equal number of shares of stock of the Kansas City have necessarily been confined to the very restricted district along
Eldorado & Southern Railway, a road 14 miles in length.— the water. On the other hand, the Long Island RR. forms a belt Une
V.
extending around the outskirts of the built-up part of Brooklyn from
the 34th Street Ferry to Bay Ridge, with lines Into the various centres of the city. Its lines afford the means of establishing freight
depots, yards for car-load deliveries, and coal and lumber yards conveniently situated and of unlimited capacity. They also aff >rd opportunities, which win no doubc be extensively availed of, for the
erection oi manufactories of all kinds requiring direct rail con-
70, p. 894.
New England Street Ry. Co.— Meeting May 14.— The
stockholders will vote May 14 on a contract made May 3 between the directors and George A.Fernald& Co., disposing of
the stock of the Winchester Ave. RR. of New Haven at $49 a
share: also on a proposition to reduce the capital stock of the nections.
When the new freight terminus of the Pennsylvania RR. at GreenNew England Street Ry. Co. with the proceeds.— V. 70, p. 895. ville,
a section of Jersey City, opposite Bav Ridge, is completed, conwith the Long Island system will be made at Bay Ridge by a
New Orleans City B,B,.— Called Bonds. —Eight power-house nection
short car float ferry. Meanwhile the present transfer
bonds issued by the New Orleans Traction Co. in 1897 have comparatively
barges at Jersey City will be used, but ultimately a tunnel from
been drawn by lot, viz.: Nos. 5, 90, 103, 126, 133, 138 and 140, Staten Island to Bay Ridge may be built. In that case traffic beat 105 and accrued interest, and will be paid at the office of tween the Pennsylvania RR and New England would pass through
the company in New Orleans or at the office of the Fidelity the tunnel and over the Long Island tracks and the proposed bridge
at Wards Island to » connection with the New York New Haven
Trust & Safety Vault Co. in Louisville on or before Nov. 1, Hartford RR. [See "New York Connecting RR."— V. 70, p. 842, 8a5.]&
1903.- V. 70, p. 530.
The Pennsylvania RR. management believes that, with the imcommunication between New York and Long Island which
Newport News & Old Point Railway & Electric Co.— Con- proved
will be provided by the proposed tunnel from the Battery to Flatbush
trolled Company.— S9e Citizens' Railway Light
Power Co. Avenue Station, as well as by the bridge under construction, and by
other rapid transit tunnels that ate sure to follow, the business of the
below.—V. 67, p. 1055.
Long Island RR. will be largely increased, and that by continuing the
New York Central & Hudson River RR.— Improvements. inoprovement of the service under the progressive management of
Plans for extensive improvements at Cohoes have been President Baldwin the company will in time be placed on a dividendbasis, so that the Investment in its shares will be directly
prepared the work includes the elimination of grade cross- paying
profitable aside from the great advantages that will be derived from
ings, new passenger and freight stations and additional securing terminal facilities in Brooklyn. The Long Island RR. will
tracks. It is proposed to expend about $1,000,000 for the also derive considerable revenue from the movement of cars to and
elimination of grade crossings, a freight station, etc., in from the terminals which the Pennsylvania Road will establish on its
lines.
Schenectady, N. Y., while at Troy, N. Y., anew station is to
There has been no thought of using Montauk Point, it is
be erected at a cost of between $200,000 and $300,000, for
which plans are now being prepared. "Eagineering News.'' said, as a sailing port for steamers of the American Line, as
it is not believed that passengers would make the rail jour—V. 70, p. 792.
to Montauk Point to save two or three hours when they
New York Chicago & St. Louis RR.— Quarterly.— Ham- ney
can more comfortably board the steamers at the piers in
ings for the quarter ending March 31 were
New York.
3 mos. ending
Gross
Other
Interest,
Balance.
Net
Temporary Loan.
are reliably informed that the comMarchSl.
earnings.
Income, taxes, etc. surplus.
earnings.
pany
has borrowed from New York banks, insurance and
1900
$1,730,038 $373,653
$301,169 $73,715
fl,'^3l
1899
312,291
1,107
300,317
1,633,566
13,081 trust companies some $15,000,000 to $30,000,000 at 4 per cent
The earnings for the year 1899 will be found on a preced- for one year with privilege of renewal. The cash is understood to be wanted to pay for the recent acquisitions of stock
ing page under "Annual Reports." V. 70, p. 381.
New York New Haven & Hartford RR.—Quarferly.—BArn. in several railroad companies. V. 70, p. 843.
&
—
;
—
:
—We
—
—
ings for the quarter and the nine months ending
3 mos. end.
Gross
Net
Other
Interest,
March
31.
earnings.
1900
$8,966,235
1899
8,267,oll
9 Tnos. —
earnings.
$2,144,694
2,415,075
income,
March
Peoria
31
Balance,
taxes, etc.
surplus.
$12,720 $2,006,993
87,857 1,948,304
$180,421
584,628
Gay
These figures include the operations of the New England
& Northern railroads for both years,
but not the steamboat lines; only the portions of the surplus
and Shepaug Litchfield
earnings of those lines appropriated as dividends being included in "other income."— V. 70, p. 843.
Ontario & Western Rj.—NewLine
—The Kings-
& Rondout Valley Rv. is engaged in constructing a road
between Ellenville and Kingston, 27 mile?, in the interest of
the New York Ontario & Western. It is expected that the
ton
new
& Pekin Terminal Ry.— Bonds
Offered.—
K
H.
are offering at 108^^ $600,000 of this company's
first mortgage 5 per cent sinking fund gold bonds dated Jan.
Of these, $550,000 are due Jan. 1, 1930, and $50,000
1, 1900.
in varying amounts yearly from 1905 to 1929, both inclusive.
An additional $100,000 bonds is held by the trustee for
double- tracking, equipment, etc., and can be issued only to
an amount equal to 80 per cent of the cost of such improvements. The company owns between Peoria and Pekin, 111.,
a distance of 10 miles on the west bank of the Illinois River,
a steam railway capable of handling heavy freight and also
equipped for the operation of interurban electric cars. The
company owns Union stations in both Peoria and Pekin, and
further operates a steam terminal railway interchanging
with and switching for connecting steam lines. See page 67
of Street Railway Supplement. V. 68, p. 673.
1899-0.... $30,275,841 $10,112,753 $327,439 $5,955,850 $4,484,347
1898-9.... 27,135,383
9,153,583 603,990 5,813,747 3,948,826
New York
& Co.
—
be completed early in 1900, forming an extension of the Oatario & Western's Ellenville branch. The
new road in connection with the Port Jervis Monticello &
line will
Pittsburg Cincinnati Chicago & St. Lonis Ry.— Option to
Exchange. Speyer & Co. and Kuhn, Loeb & Co., are offering
—
mortgage 78 of
the Pittsburg Cincinnati & St. Louis Railway Co. maturing
August 1 next the privilege of exchanging the same for consolidated mortgage
per cent gold bonds of the Pittsburg
North Chicago Street RR.— Called.—The $298,000 6 per Cincinnati Chicago &3)^
at. Louis Ry. Co. The maturing bonds
cent certificates of indebtedness issited Jan. 1, 1891, have
will be accepted on a 2^ per cent basis, the computation to
baen called for payment. Interest will cease July 1 next.
be made as of May 15 next. Holders therefore who accept
V. 68, p. 1131.
the exchange will receive for each $1,000 7 per cent bond,
Northern Pacific Rj.—In Control— Qee St. Paul Daluth with August coupon attached, $1,000 3j^ per cent bond with
RR. below.— V. 70, p. 895.
the same coupon attached, together with a cash payment of
Northwestern Elevated RR. of Chicago. - Distribution of $19 46 The old bonds should be deposited either with one of
Stock.— For the purpose of making distribution of the voting the aforesaid banking houses or with the Girard Trust Co. of
trust certificates of the Northwestern Elevated RR., repre- Philadelphia.— V. 70, p. 630, 637.
senting the preferred and common stock amongst the stockPort Jervis Monticello & New York RR.—Status.—
holders of the Columbia Construction Co., the stock transfer
large amount of the securities of this road, it seems, was
books of said Columbia Companv will be closed from May
acquired in March, 1899, in the interest of the New York
10, 1900, to May 31, 1900, both day's inclusive.-V. 70, p. 687.
Ontario & Western Ry. The bonds are in default, and the
Omaha & St. Louis RR.— Deposit of Bonds Asked.— Ttie mortgage is being foreclosed to secure clear title. See N. Y.
bondholders' committee, consisting of W. Emlen Roosevelt, Oatario
Western above.— V. 67, p. 375.
Cornelius B. Gold and Francis Smith, requests the holders
Portland
(Ore.) Railwaj.— Consolidation. The Portland
of the first mortgage bonds to deposit their bonds with the
Traction
and the Portland Railway Co. were consoliCo.
Union Trust Co. of New York under the terms of a bond
dated on April 33 under the title of the Portland Railway
holders' agreement.
This action, the committee says, is
necessary because (1) default has occurred in the payment of Co., the Traction Company deeding its property to the Railthe interest due Jan. 1, 1900, (3^ the receivers appointed in a way Company. The new officers are:
O. F. Paxton, President; W. H. Crocker, Vice-President; J. C. Ainacreditor's suit have procured leave to issue $525,000 of prior
wortb, Treasurer; Frank L. Browa, Secretary; J. F. Batohelder,
lien receivers' certificates, and (3) default has occurred in Assistant Secretary, and F. I. Fuller, General Manager. Directors:
the agreement between the committee and the Missouri Rail- L>. O. Mills, W. H. Crocker, J. O. Ainsworth, F. I. Fuller and O. F.
way Construction Co. dated May 31, 1896. The committee, Paxton.
pursuant to the terms of that agreement, have become enPortland (Ore.) Traction Co.- -Consolidation. See Porttitled to a controlling interest in the stock of the railroad land Street Ry. Co. above.
company, and have taken other proceedings to enforce the
Portsmouth (Va.) Street Ry.—-l/o''<<7a3<'.— The company
agreement and to protect the rights of the bondholders. To has made a mortgage to the Colonial Trust Company, as trusrender these proceedings effectual, a prompt deposit of the tee, to secure $100,000 of 30-year bonds for improvements
above-mentioned bonds is important.- V. 70, p. 793.
and extensions.— V. 63, p. 334.
Pennsylvania RR.— Purchase of Long Island RR.—The
Quebec Bridge Co.— Contract Let.— The company, it is
purchase of a controlling interest in the Long Island RR., stated, has awarded to the Ph(eaix Bridge Co. a contract for
announced last week (V. 70, p. 894), is now offi.-ially con- the erection of a cantilever bridge over the St. Lawrence
New York,
to the holders of the $3,719,(00 first consol.
controlled in the same interest and now in process of foreclosure and reorganization, will give the N. Y. O.
W. a line from Port Jervis to Kingston—V. 70, p. 328.
&
}
&
&
—
—
—
May
:
—
——
THE CHRONICLE.
12, 1900.]
947
River at Quebec, the cost to be about $4,000,000. Including President. The road, it is paid, will pass into the control
the approaches, the structure will be nearly 4,000 fett long. of A. N. Chandler & Co., of Philadelphia, on June 1.— V. 70,
It will have three spans, the middle one (a cantilever), 1 ,800 p. 633.
feet long, two end spans 600 feet each, and approaches apTaxation in New York St&te.— Franchise Tax.— The "New
proximately 300 and 400 feet. The bridge will be 76 feet wide York Times" on May 6 published a complete list of the
and will contain foiar railway tracks, a driveway and a foot- corporations and individuals assessed for special franway on each side. It is expected to take three years for com chises in the city of New York and the assessed value placed
pletion.
on such franchises. The leading items are as below
Qnebec & Southern JLj.— Acquisition.— The company has
STREKT RAILWAYS.
8TEA.M UAILROADB.
been authorized to acquire the United Counties RR., recently Brooklyn Rapid TraD..8'{3,867,0«9 N. Y. Cent. & Hudson River. 1,332,610
78,311
Brooklyn Uelulits RR
X. Y.& Harlem RR.(8teain)10,192,000
sold at Sheriff's sale to Geo. C. Desaulles of Sr. Hyacinthe.
fl.487,62"
RrooklynCity RR
New York & Harlem RR.
60,500
The United Counties Road runs from Sorel, on the St. LawBkiyn.Queens Co.&Sub.RR 1.932,603
New York & I'm nam RR..
12,200
5.l97,03:i
Hrooklyn
Union
Blev.
RR.
8puytenDiiyv.4Pt.Mor.RR
19.500
rence River, southerly to Iberville, 66 miles, and is to be ex
Kings Co Elevated RR.... 2.031.063 LoHK IMand RR
16?,576
tended to the east bank of the Richelieu River, opposite La6,1.36,030
Nassau Klectric RR
N.Y.Brooklyn&Man.Beach
50,000
Coney Island & Brooklyn RR. 1.13»,o00
N. Y. & Rockaway Beach...
42,626
colle, etc.
Brooklyn <lty &Newt'n RR 819,400
48,127,000
Manhattan Rsilway Co
GAS AND KLECTRIC LIOHT CCS.
Reading Com\>anj.— Bonds Canceled for Sinking Fund.
New York & Queens Co. RR. 1,216,000 Consolidated System .fli'.i8.000.'.i'.i8
The general mortgage of 1897 requires that when the com19.5,000
N. Y. & No.Shore Blec. RR.
Consolidated Gas 111. Co.... 13.960,000
283,000
Lonii Island Electric
upon
dividend
its
stock
pays
it
shall
pany in any year
a
pay Metropolitan
Edison Blectric III. of N. Y 8,001,329
System. .$,5a,a9'Z,317
No. River El. Lt. & Power.
222.899
simultaneously to the mortgage trustee a sum equal to 5
Broadway &7th Ave. RR.. 6,319.400
United Elec. Lt. & Power.
860,000
Bleecker St.&Fult. Fer.RR.
323,811
cents per ton on all coal mined by the Coal & Iron Company
Brush
339,000
Elec.
111. of N. Y
685,093
Central Cro88town RR
CoDsol. Telerf. & Klec. Sub. 4,.500,0C0
during the year next preceding, if the aggregate of divi726,927
ChristoDher & lOth St. RR.
Am.sterd. El. ryt.n:t.& Power
47.000
Central Park N. & E. R
1,954,712
dends so declared exceeds that sum, otherwise such lesser
New
4,426,915
Amsterdam Gas
3,«68,25«
BiKhth Ave. RR
:
I
i
. .
—
.
.
sum
as shall equal the dividends so declared (see V. 64, p.
Accordingly the company set a&ide about $385,000 for the
sinking fund when it declared its recent dividend on the preferred stock (V. 70, p. 280), and this sum has been invested
in the purchase of $433,000 general mortgage bonds of the
company, which have been canceled, leaving the amount of
those bonds outstanding $63,454,000.—V. 70, p. 280.
616).
Richmond (Va.) Passenger & Power Co.— Notice
&
to
Bond-
holders.— John H. Davis
Co. of New York, Townsend
Co. of Philadelphia, and E. H. Gay
Co. of
Boston give the following notice to the first mortgage bondElectric Co.
holders of the Richmond Railway
The above-named property has been acquired bv the Richmond
Passenger & Power Co., and an Issue of $3,000,000 new 5 per cent
bonds has been made by the latter company, running 25 years. The
bonds of the Richmond Railway & Electric Co., carrying the July I,
1900, coupon (and all other subsequent coupons), must, to avoid cost
or penalty, be deposited with the Merchants' Trust Co., 320 Broadway,
New York, by not later than May 15, 1900, for exchange Into the
bonds of the Richmond Passenger & Power Co., bond for bond. The
first coupon on the new bonds will mature July 1, 1900. A large
majority of the Richmond Railway & Electric Co. bonds has already
agreed to the exchange, and we recommend all holders to do so with-
&
Whelen
&
&
out delay.
104.^30
Fulton St. RR
650.613
42d St. & Grand St. Ferry.
Metropolitan St. Railway... 18,877,911
l,787,3'-6
Ninth Ave. RR
4,067,447
Second Ave. RR
3.917.260
Sixth Ave. RR
.
Thirty fourth St
28th&29thSt
Twenty-third
N. Y.
& Harlem
783,547
350,473
1,979,276
(City Line) 6.405,075
St.
Ry
Third Ave. System. ...816,6»3.100
11,247,718
Third Avenue RR
Dry Dock Bast B'y & B .... 1,378,767
42dSt. Man. & St. Nich.... 2,047,149
156.3(i5
Southern Boulevard RR...
1,748,278
Union Railway
115,800
Westchester Electric RR..
N. Y. & Staten Island Elec. .
Stat en Island Electric RR.
Staten Island Midland RR...
.
—V. 70,
340,000
5,900
358,693
e(
Central Union Gas
Northern Union Gas
Bronx Gas * Electric
KioKsCo. El. Lt. & Power....
959,000
451,947
122,300
125.000
Edison Elec. 111. of B'klyn. 2,423,891
Brooklyn BorouKh Gas
102,800
Brooklyn Union Gas
8,317,370
.Jamaica Gas I,ight Co
51,700
40.5C0
Woodhaven Gas Light Co.
Flatbush Gas
273,378
.
Newtown Gas Co
Rich. Hill 4 Queens
26.',100
41.900
Co. G.Lt.
N. Y. Mutual Gas Light
2,326.174
Standard Gas Light Co
3,127,790
MISCELLANEOUS.
Empire City Subway Co
New York Telephone Co
New York & N. J. elephone
Western Union Telegraph.
3.370,848
2,940,883
1,031,882
454,548
'i
.
.
p. 8t6.
Texas & Pacific Railway.- -Listed.— The New York Stock
Exchange has listed $179,000 additional first mortgage o per
cent gold bonds of 2000, making total amount listed to date
The additional bonds were issued to take the
$31,745,000.
place of a like amount of bonds of the Eastern Division,
drawn for the sinking fund on Oct. 1, 1898, and Oct. 1, 1899.
—V. 70, p. 634.
Union Pacific Ry. Receivers Diselmrged.— The order disTemporary negotiable receipts will be issued, exchangeable
the receivers has been signed by Judge Knowles of
charging
for the new bonds, which will be issued prior to July 1. See
States Court.— V. 70, p. 793.
United
the
advertisement on another page.— See V. 70, p. 842, 792.
Union Street By. of New Bedford, Mass.—iVew Securities.
Richmond (Va.) Ry. & Electric Co.—Notice to Bondhold- The
Massachusetts Railroad Commission was to hold a hearers.
See Richmond Passenger & Power Co. above. V. 70,
ing April 26 on the company's proposition to increase its capp. 281; V. 69, p. 1346.
ital stock from $450,000 to $600,000, and to issue $50,000 of
Saginaw Tuscola & Huron B,Ii.~ Mortgage.— Thia com- bonds to extend and equip its road. V. 63, p. 1061.
pany, just leased to the Pere Maiquette RR. (V. 70, p. 895),
United Counties BR.— ^aZe,- See Quebec & Southern Ry.
has filed a mortgage to the Continental Trust Co. of New
—
—
—
York, as trustee, to secure $1,000,000 4 per cent bonds guaranteed, principal and interest, by the Pere Marquette RR.
Co.— V.
—
—V.
INDUSTRIAL. GAS AND MISCELLANEOUS.
70, p. 281.
St. Lonis Iron Mountain & Southern Railway. Listed.—
The New York Stock Exchange has listed $19,114,000 Unifying and Refunding Mortgage 4 per cent gold bonds of 1929
and has authorized the listing from time to time of additional amounts to the aggregate of $1,798,000, as and when issued
in exchange for $2,766,000 Texas & Pacific Railway second
mortgage bonds still outstanding. V. 70, p. 329.
St. Paul & Daluth RR. In possession.— Qenersd Manager
Kendrick of the Northern Pacific Ry., took possession of the
St. Paul & Duluth on Monday.— V. 70. p. 895.
Seaboard Air Line Uj.— Through Service June <?.—Arrangements have been made to begin the through train
service between New York and Tampa on June 8. Four
Pullman trains will run daily between New York and Southern Florida via Richmond and Petersburg, Va.; Raleigh, N.
C; Columbia, S. C; Savannah, Ga., and Jacksonville, Fla.
Trains will also run to Atlanta via Richmond and Petersburg, Va., and Raleigh and Hamlet, N. C. The new line is
said to be from 70 to 100 miles shorter between Washington
and Tampa than any competing road or combination of roads.
70, p. 895, 842.
Sioux City (I a. J Traction Co.—Bonds 0#efed.— Mason,
Lewis & Co., Boston and Chicago, offer at 103-50 and interest, yielding an annual income of about 475 p. c, $625,000
of this company's $750,000 of 5 p. c. first mortgage gold
bonds. These bonds are dated July 1, 1899, due July 1, 1919;
denomination $1,000; interest January and July Ist at the
Bank of Montreal, trustee, in New York and Chicago. For
the ten months ending April 1, 1900, the earnings are reported as follows: Gross, $155,030; net, $67,666; interest on
bonds, $37,500; balance, $30,166. See advertisement on another page.— V. 68, p. 873.
Southern Ry. Co.— Fit st Consols to be Issued Bearing Less
than 5 Per Cent Interest. The stockholders will vote June 1
on issuing in future under the first consolidated mortgage
bonds bearing a rate of interest less than 5 per cent, and on
accepting as an amendment of the Charter the Act of the
General Assembly of Virginia, approved Jan. 23, 1900, permitting the reduction of the capital stock on vote of a ma-
—
jority of the shares.—V. 70, p. 481.
Snsqnelianua Traction
Traction Co.
Co.—Successor
authorized capital stock of $3,000,000, to manufacture telephones and other electric applianf^es. Of the stock $1,000,000
Incorporators :
is to be preferred 6 per cent non-cumulative.
Barnett R. Ruggles, Henry M. Haveland of New York and
James C. Young, Jersey City.
American 'ce Co. Price Increased. The company has
raised the price of ice in this city to 60 cents a hundred
pounds, contrasting with 25 cents last year. The "New York
Times" on May 6, in a long article on the situation, gave a
table "from semi-official computations" showing:
Crop in 1900 on the Hudson River as l,43o.000 tons, against 4.264,322 tons In the remarkable year 1899; as 2,172.400 tons in 1898, and
as 2,675.033 in 1897. In Maine In 1900 as 1.33:^,000 tons, including
463.000 tons from 1899; in 1899 as 1,299,430 tons and in 1898 as
—
1,229,500 t0D8.-V. 70,
p.
741.
Legal ^cf ton.— Einstein & Townsend have taken legal action with a view to a suit by the Attorney- General, to prohibit the company from doing business in this State, on the
ground of violation of the Anti- Trust law of 1899 and of
Section 7 of the Stock Corporation law. A preliminarv hearing on the petition will be held May 17 in Albany.— V. 70,p.
741.
American Smelting «fc Refining Co.— P/ ice of Lead Reduced.— The company has made a reduction of 45 cents per
ICO pounds, or $9 per ton, in the price of lead. This is the
change in prices ot any moment in several months. The
reduction is equal to about 10 per cent.— V. 70, p. 741.
first
American Steel & Wire Co.— New Officers.—The proceedings of George Alfred Lamb against John W. Gates were
dismissed on Wednesday, and on Thursday Mr. Gates, having
resigned his position as Chairman of the board of directors,
sailed for Europe. At a meeting on the latter day, Mr.
Gates's resignation as Chairman of tUe board was accepted,
but only on condition that he remain a director and a member of the executive committee. The resignations of John
Lambert as President and director of the company and of
Isaac Ellwood as Chairman of the executive committee were
also received and accepted on the understanding that they
remain members of the board of directors and the executive
Company.— The committee.
as successor of the Lock Haven
William B. Given, of Columbia, is temporary
company has been organized
American Electric Telephone Co.— Incorporated.—Thia
company was incorporated at Trenton, N. J., on May 10 with
The board filled the vacancies created by the resignation of
Henry Seligman and Frederick Strauss by electing in their
—
ms
DImWB
TUK OHRONK^.K.
UiindMll
lliiii
of
<Miir(>i(l,
l>o«nl,
Morumi
of IMiilntlolnhln, VIro Pn'hidtmt of th«
Co. iiml llcriium Slolckon, of Ih>
W. II. (^nmHiiwui iV ItiotlitM-, ol' IIiIh city. AH'ifd
hoit^tofoio 'I'lfHHiiriM, WHH ohu-lcd ('Imirmnn of llin
Unltod (hiM
liiiprovrint'tit
iiiul
VVllIluiii
IV
Mhumkoi-, WHH ol.ctrd
t
I'dlint^i.
who
I'nmldiuit.
Iiiih
l.t
WIIIIhiii
rii llio (itiii.»nil
I'Mmiboni wim
of tlid rxroiMvo tM)jijniltl««i, and K. I^. Wntnon TioHNinor to Miiccord Mr. (Illll'ord. 'I'ho oxocuUvo coin
mlttri) now (•on>ilHtH of William lOdt'iiliorn. ('luiii mini; I. L.
lOllwood. .lului \V. (}af«>M. .loliu litimboit. A. dlllord ninl
iii«d»> Chiiliiiian
ThoiiKiH Doliiti.
Mr. (Jiit«'H. Ill a loiiK lottor to tlm board, MtutrH tliiil. Iio had
for Hdino tliiio (loMliod lo rollio, and waM InloiidliiK to riHlun
Mnv
but
olllco, dt'Hirint; "a comploto «'.\iiminailoM and hoailiiK of any cliargt'H a«H»utod." 'I'lio lottrr
fnrlhor sayw in Miil>nlan(if:
Tho olonlntt of tlionillln wttn not my IikIIvIOiimI not, but wim tho joint
HCl. of olulil of tint illi'oolDiN itH llio itmiiH of II iiinoMnK iiiiil confuroiioo
lirld III (ililciiKK.
riiii lioiiid, nl, n iiioollmj on Muy
7, itii«»o(l li iohoIutloii iliiiiiilinoiinly uppi'ovliiK llio ttolloii,
It Iiiih liton Mliitoil In llll^ (uoHM thill I lii»vo Imoii hIioiI. of llio wtook
or Mio AnnnliMui Htool
\Vlio(lo.. iIiIh In iin niKiiiiillllod riUnoliooil.
liivvo iiovor Kolil » Mlimoof llio bIooU or IIiIh (^oull>uny, o\om>lliiK tliiit
wliloli I ownoil, mil] I uni lo iliiy it luiKo lioldor of Min'ntonli iinil ovoiy
HHiiihoi or niv rimilly U u niilmluni liil lioldor or llio hIim'Ii of lliU o
l>uny.
Now (lu*l llio oIiiok'om iiiiido HKiiliml mo Imvo boon doloinilnod
to bo nilHo tuiil nnronndod, 1 fool lliiU I Nlioiild tnUo lliodoHlird looioiitloii doloinilnod noon it yom hko;
|>iu IIimiIiu Iv bIiko II Iihh l>ooi>mo my
«inty to roiMOMonl ilioNt«toor IlllnoU nn IIh (^ommlHnloiior lo
r»rlH
I
Uiorofiuo liorowltli toiidor my roHlKmitlon.- V. VO. p.
'';M'*""''J>">1,
roiittiitiod
ill
.<,•
I
Mm
Aiiiorlniii
(
lloll) Tol«M»lioiM>
A
Tolifrraph
(Uk—Ou
It
Hton
lloHton Stock I'lxc.lianKo lian adinitlod f«>r quotation on tho iinli,Mt«'d Hluot tho roinp'iny'H i^apital Htoi-k,
"wlion and hh iHMiiod In »«.\i-lianK'r for tho «ti)ck of tho Amorl«^an lloll 'l\»l«.phono (\).'"
'I'lio Ainorlnaii Toh phono S:.
Ttdo
fs'iaph Co. wan Inroiporatod K«b. HH, IHHft, undor tho lawn of
Mtnv York. Ita antlu)riztul mpltal »tock ih $l()l).()t)(), ()()(); par
valiui of .tliaroH. if 100.
TJm onict'rN and dlrortoiM aro:
(>Hloor«,
John 10. llndNon. rro«ldont. lOilwunl J Hall, Vloo rro«l•lonl; Wllllum K. Orlvor. i'ioi»Hni«ir. MoLvlllo ICsloiiton. Hcnoliiry.
I»lrootoi», «5lii»ilo« \V. Amory, Molvllfo ICkIomIoii, .lolin IC llndMon,
Alomtndor (Vm lniMio, i:dwi»id J llttll. ICdwiud 1". Moiiny. .hmopli I'.
JJRvIh. Monry H. Ilowo, William |). HiuKont.
I'tilishil.-
'I'lui
rrinoipal
plNoof
|).
oHUo and
oIlUo, laS Milk St., MoHton;
Colony Tru»t Co., llo»lou.— V. 70,
tran8r»)r
r«KiHtratiou, Old
Him.
ANplmll Vo. of \mf>r\m.—l\(rpm- of Cntl.—'llwpl.OiW,
COO r.iNh to bo dorivod from ti»«t oall ann"otinr»nl lint wrok. it
i»
Htatod, will bo used aw Wi»rkin^< rnpilal to roll»>vo tho con-
lxx.
[Vol.
and tho (Joor^o A. Fuller Co., which will
biilldhiK will Btand,
conHtinct tho bnildinx.
Tht-so c.oiuiianloH uIho
own
all of
the
(Mpital Mtoc.k.
Itrooklyu VYhnrfJ^ \VarohouH« (Jo.— /lycn</t»r liceeiver.—
HtateH Mortxa^'o «t Truat Co., roceivor for the
company, has appointed .ioromiah 1', ItoblDBOU itH agent in
full oharKe of the property.— V. 70, p. 588.
'i'ho IJiiilod
Codnr RnplilH(la.) Kloctric
— N.
I.l>?ht
& Vovffr.—HondH
f^old.
W.
llarriHctCo. luivo sold tho $17'), 0(0 firat inortxaKe
T) por cent K'old bonda datod
May 1, lOOO, and matnrln^? from
flvo to olovon yoaiH. - V. 70, p. 'M2.
('hesapi'nke SteuniHlilp Vo.—OonHol idalion,— TMn comIncorporated on .Ian. 13't iindor tho laws of Maryland,
iHH aliHorbed by conHolldutlon tho Hdtimore (;iieHai)eake <fe
Itichmond Sloainboat (>()., or York Itivor I^ine. The capital
stock of tlie new (iompany Ih JjC.OO.I 00, of which |'J.*)0,()00 vrlll
1)0 iiMod to retire tho Htock of the old company, $ for $.
The
now company haH aciiiilrod all the terminal i>ropt)rty, ofTlcea
and warehoiiHOH of tho old (company in italtlmoro, alHo the
HloamorH Danvillo, Haltimoro, Itiarlotte and Atlanta. Thefl©
Htoamora, with tho new stoamor Au^uHta, make up the
(loot of the now (umiptiny.
The new company is under the
Mamo control iih tho old, and it will continue an the regtilar
water connection between Haltlmoro and Norfolk of the
Houthovn Railway and the Atlantic ('oaflt Mne.
Jlouben
)ii.ny.
(
l'"oHtor is I'residont.
Cly(le( N. v.) (JrtH & KlectrlcCo. -/fm-fwr-.TuHtlce iMvy,
at liyoim, N. Y
has appointed Kdwanl Moir temporary receiver.
The caiiltal stock ia rotiorted at IflO.OOl); aHflotB,
,
liabilities, i««l,ir)0.
|r)l),()(lO;
onda^a
Tho Trust
trnstoe of a luortKaKO for
is
.^IJ'),
&
DopoHlt Co. of Oa-
000.
—
—
See
Coninierclal ('able Vo.
I'oslnl 'Iclvgraph Cable Co.
that onipany bolow.
V. 70, j). <l!tr).
CoHHoIiilated Uiihbi^r Tiro <;o. -DirectorH.—Kt tho annual
moiling oil Monday tho followliiK 'i^vv mombers were elected
to tho boatd, which wan othorwlHO unchanged: Ooor^e It.
Sheldon, Frank Tilford, Alfred il. Pick and Frederick A.
.
Seaman. -V. 70, o. 811.
KaHtt^rii Klevntor (Jo. of
Ituflalr*.
S'oW.- The property
WH.s sold Iindor forocIoHiiro on MayH and imrchaHud for f'JSr),HM) bv Froilorick K. Conine of IJrooklyn, roproHentin«, It iB
Haid. the
ga^e He
doNod.
American
TruHt
See V.
CJ).
(Ill,
lilnsinid
The United
Co.
Htalo» Mort-
was truHteo under the mortgage
fore-
p. Wii).
Ntlliirnt companloH, which ofton must wait .MOVt>riil monlhH
for |iaymcnt iov municU>al wi>rk, ftnmi tho noc«'H8ily of borrowMiK at tho binks. Tho proamblo of tho rosoliitlon oalling
for tho anmiH.><iuont Hayn:
Keystone Telephone Co. of IMiiladelphla. Hill Signed.—
Tho Mayor of Philadolphia haH sl^^nod tho ordinance authorizing the company to lay conduits, Htrln.tc wires, erect poles
Whrrfus, U Imn boon do<Miiod for tho boBt liitoront of tho oom|iMiiy to
InvoMt noiuly onti half of lU i>uld In owjdlul In MharoM of oompiuiloH onKttKod In tho iiHpliull biiHlnoHH, Ihoioby livnjoly lodiuMnK' tho umoiint of
working oivpllul aviUlublo for thU oompiiny und for tho ooiiipitnlon In
whtoh It In InloroNtod; itnd II limy bo doHlriiblo fi'oni lliiio to tlino lo
lnvo»l fiindH In tho nhitroii or HoiMiiitb^n or ollnir ot>iiipunl> h; imd.
iVfunaii, Tho uiiioiinl of biiHlnocM iilroudy Mooiirod for IIiIn your o\
ooodN Iho amount «ooiiiod ivl thin llino In any piovloim yoar.'iuid will
iviinlio Iho n»o or iiioro Nvurklnt: oapllal than Ih how aviilUblo for
for
company has
thai, thoroforo, an Ha<o.MHmont of 10 por cout ($") por nliaro)
\» OMlloii, payabl»> .luiio 1 1.
Tho IraiiNfor books cIoh(< .Itino 0.
p. HU7.
tiiut i>nrp()Hp,
(''( liajutitr
l.iat ill
l'hiliu)c'i>liiii.
'I'ho company's M.wM
H\n\ bonds havo boon plaooi' on iho rouular ll«t of tho I'tiilatiolphia Stock KsohanKf.
V. 70, p. HU«.
—
lliiltimoro
Chosnpoako *
ItlchnioiHl
Sloambout Vo.—Con-
Soo CluMapcak»> Stcamsliip Ci>. below.
Uoi-Kuoi't^ F.njrol Hrowln^ Co. of rniluilolplilu.
No DiviiU-iul.
A circular wtatoM tliat it haH boon divided not to pay
H divldond ou olthor profovrod or common utoik iImm May,
Init hiHtoad to apply tln< t^arnin^M to the piymont of ll )atiii>i
debt roaultlng from advancoH to customorn. No dividond
wa-i paid on tlio common wtock last Novombor, but H por
o«>nt por annum has horotoforo boon dlstnbutod romilarly to
tho cumulatlvo proforroil sharos.— V. 0», p. 131).
HIrds Fyo Jollico Coul Co. S'lr/t^ Co'i/irmnf.
Tiio Kodoral Cvmd at lioulsvlllo on May
contlrmod tho salo of
tho projuirty to liO^Hn (\ Murray atid W. 11. Watson for
$S">,lH>0.
t)r this, it is sfild. about $U5.00'l will romain for tho
first luortKaKP bondholdtrs.- V. t»l«, p. lUU.
Hostoii \v itloiitaiia Consolldntod ('oppor & Sllvor Mining
Co. IKriaion.
In h.combor, ISJIS. upon tho application of
two niinorlty stookholdors, Jud^o Clancy of l»utto, appointod
T. U. Mtnds Uooolvov of tho company, bocauso tho majority
»itvH'kholdors, in si>tto of protest, had roorKanizod thocomiKinv as a Now York oorpt)ratU>n.
Tho proporty was doodod
buok to tho Montana corooration In April. IHyil, but .ituliro
Clancy doolluod to dischar^o tho Uoceivor. At Molona.
Mont., on I'uosday of this wn^k, tho Supromo Court romlorod
a decision diroctm^ .)ad.4io Clancy to admit tlit>dood ro-transfovrini: tho proporty to tho Montana corporation as ovulonco,
and to hoar tho niolU>n to vacato his formor ordor. In other
words, tho majority stookholdors havo succoodod in rooponin.u thooaso, and it is supp»>sod tho mattor will
speodlly bo
9i>Udiiti{'n.
I
ilecidod In thoir favor.— V. 70, p. 701.
HroMd Fxcluuiiro Co.— To Kirct a Lar^je IhiiUHng.—Thy
couii««uy. Incorporated lu Now Jorsoy on May 3 with authoriKfd capital stock of |1.1H)0,000, of which $3.60O.O0O is to bo «
por cont cumulatlvo oroforrtd. propot^os to orcct a lar({o
ortU-o bnilditu; at Uroad St. and K\chan^o I'laco.
An issno
of |;?.r\UO,(HHl of 10 yoar bonds has boon uudorwrittou by tho
Alliaiui!» Realty Co., whloh owns thoroal ostatoon which tho
and to occupy
all tho streots and thorou'.{hfaren of the city
tho proper conduct of a general telophono syutem.
V. 70, p.
71>I.
C^.— Diridnid I iicreitm'd,—The
a semi-annual dividend of 2^ per
cont, an Increaso of tho rnt«> from 4 por cent, an for tire yeara
|)ast, to > [nil cont per annum.
V. 70, p. 4'v8.
National Starch (Jo.— O/Z/cer."*.— Tlie'coni[)any has bofjun
business with oIIIcoh in the H ittery Park lliilldiiiK. V. 70,
Vonl
liohlfrh
&
Navlfrittioii
doi-laroit
—
New Amstenlani (hiH Co. - />»nmi.— ProHldent n.)lan of
the United IJas lni|)rovt>mont Co. denlea that his company
has acipiired or ih nefj;otialinn: for the control of the New
Amsterdam Company. V. 70, j). H07.
New Kntclanil (Hell) Toieplioue A: TeleKraph (Jo.— S/oc*.—
Tht( stockholders on Monday authorized the Increase of the
capital stock from |ir>. 000,00 to |'30,000,000.— V. 70, p. 74:i.
I
Now Haven (Conn.) Water {lo.-Ncw Stock.- At tho annual mootioKof tho stdc-kholdors hold Fob Tith, IDOO, it was
v»>ted to Increaso tho ctn)ital stock by an amount not to exctod $1,01)0,000. or this tho directors have at present decided to issue 10, Olio sharen of new stock of the par value of
$'>0 each, ai.d every stoi^kholder of record .liine 1. 1000, will
havo tho right to subscribe on or before June 'i5 for such
stock at par in the ratio of one now share for every four
shan<s of tho old thou held. Sub.icriptions are payable in
two instalments of |jr> each, viz., on .luly lOtb, 1000, and
.1.111. 1st, tool.
With this addition the capital Btook of the
compMtJv will bo *3,r)00,000.~V. 70, p. 383.
—
New York & WostcheHter Water
Vo.—Dectitiori A^fflnncd.
that the comp'iuy is not
bocanso not a manufacturing
Corporation wts allirmod May 5 in an opinion tiled t>y the
United States Circuit t;.)urt of Appeals written l)y .Fudge
h'lcoml)©. Moflfs ll. Crow and otlun- creditors sought to
havo the company declared au Involuntary bankrupt. V.
roiient decision (V. 70, p.
sui'joct to tho bankrujitcy law
Tlit»
Hll)
—
70, p. 80.
Ohio
Indlaua Consolidated Natural H, Illninlnatiuff
--The Now York Stock lOxchango h am listed
tho company's |0, 000, 000 of capital stock. The directors havo
declared a second quarterly dividend of one percent, payable
i^
(Jas (Jo.—
on
I
line
//(.<<»'((.
1,
to the stock of rocoril
May
10,
U)i)0.— V. 70,
p. 8111.
Osborn Mills of Fall mvi^r.~.yci(< Stock for Dividend.—
Tho shareholders on
April 3-1 voted to increaso the capital
Block from 1(100,000 to 1750,000; to enable tho Bharoholders to
take thoir app'>rtionmont, a dividend of 3.'i p;»r cent will be
declaiod.
Dividoiuls aggregating 8 per cent were paid dnr
ing the Into tlscal year. John C'. Milne is President.
Peoplo'HOas Light itt Coke (Jo. of (Jlilcago.— yi<(ir/» /7if
Sf(ifcm«»(f.— Tho sales of m.tnufaotured gas for the first
—
—
Mat
1-2,
—
quarter of 1900 as reported to the City Comptroller amounted
to |l,TS0,736. against 11,545,211 in 1S99, being a gain of 15
per cent. For the first quarter of 1898 the returns showed
|l,436,227; first quarter 1897, $1,4:9,172.— V. 70, p. 798.
Philadelphia
—
THE CHKONICLE
1900.J
Electric
Co.— Earnings. -The
—V.
&
p. 644.
—
Swift & Co.— Pitrc/ia^'e. The company has bought the
Chicago plant of the Chicago Packing
Provision Ck)mpany
for $250,000.
The trade has not been formally closed, but
there is no doubt of its going through.— "Chicago Economist."— V. 70. p. 898.
«5i:
.
$1.S40,147
$602,000
561,650
Total profits
ceit.
48
Interest on $11,233,000 trust cert. 5s
cash investment.— V.
70, p. 798,
Postal Telegraph Cable Co.— Reduction of Stock.—The
stockholders will vote May 24 upon a proposition to reduce
The company's
its capital stock from $1,000,000 to $11 0,000.
stock is practicallv all owned by the Commercial Cable Co.
V. 64, p. 951; V. 63. p. 1158.
IncorpoSt. John Trpobar Co.— Type Maehitie Compmy
rated.
This company was incorporat^?d Monday at Trenton,
N. J., with authorized capital stock of $'?.750.000. of which
The
$1,250,003 is to be preferred 6 per cent non-cumulative.
company proposes to manufacture machinery for producing
lines of type under a parent obtained by Roswell H. St.
John, by which the impression of the letters will be punched
into the lead while the metal is cold. Ofijers aud. directors:
President. Joseph J. Little; Vice-President and General Manager,
Roswell H. St. John; Treaaurer, Edward WLaalow; Secretary, Albridge
—
—
C. Saiith.
Directors, 'Williani Ziegler, Homer Eaton, Edward D. Appleton, H.
Winthrop Gray. Herman Schaeffer. William H. Baker. Alphocee H.
Alker.W. C. Demorest. Frank WaUer. Joseph J. Little, Edward Winslow. Alhridce C. Smith and Frederick A. Snow, of Xew York; Roswell
H. St. John"and Byron D. Annewalt of Cleveland, H. J. Beemer of
Montreal and George H. Judd, of Washington, D. C.
Mr. Winslow is of the firm of Winslow, Lanier & Co., 17
Buffalo.— -Vefr En ferprise.— This
of New York on
May 3 to manufacture railroad signal devices for use at grade
crossings under patents purchased for cash from Taylor, the
Taylor Signal
of
Co.
company was incorporated under the laws
;
Balance for Philadelphia ElectrloCo
$176,497
The capital stock of the Philadelphia Electric Co. is §25,
000,000, but only 10 per cent v$2,500.000) has been paid in:
this balance is consequently equal to about 7 per cent on the
70, p. 133, 692.
Standard Rope & Twine Co.- New Or^icvrs.— Thomas
Russell has been elected President, vice ^V'. G. A. Turner,
resigned. John H. Sprague has been elected President of
the Union Selling Co. in place of Mr. Russell: Thomas Rassell. Jr., Treasurer, and John C. De Mill, Secretarv.— V. 69.
National
whose
Deduct:— Interest on $15,050,000 tmst
949
Of the nearly 70.00) shares voted, almost- all, it is stated,
were in favor of Messrs. McAlpin, Carter, Terry, Tilford and
Dana, who composed the stockholders' protective committee.
capital etock is nearly all owned by the
Philadelphia E ectric Co.. reported at "the annual meeting
last week net income for the nine months ending March 31.
1900, of |16o.S79. being at the rate of |i?lS.497 per annum.
The report of the Pennsylvania Manufacturing Light
Power Co. for the calendar year 1899 (V. 70, p. 283) showed
Oq the basis of these results the posi
profits of $1,131,650.
tion of the Philadelphia Electric Co. is estimated as follows:
Pennsylvania Mfe. Co., profits calendar year 1S99
$1,121,650
National Electric Co. year 1S99-1900 (3 mos. estimated).
218.497
Electric Co..
—
patentee. The capital stock is $500,003. all subscribed, $IC0,000 of it being 8 per cent cumulative preferred, and this
having been sold at par with a bonus of equal amount of
common. There are no bonds. The directors are:
C. W. Gooilvear. A. W. Morgan. H. C. Harrower. Andrew LaDgdon>
John J. McWilllams. William Marcy. George D. Moritan 'Secretary
and Treaaurer^ of Buffalo, and W. Q. Hovey, of Cliicasro, and A. W.
Ncw York
Mr. Goodyear
Hall, of
tPreeident).
President of the Buffalo & Susquehanna.
Orders, it is said, have been received from the Baltimore &
Ohio, the Illinois Ontral and the Northwestern Railway.
The plant at Carroll and Wells streets, Buffalo, is to be in
operation by July 1.
is
—
United Gas Improyement Co. Acquisitions. Under the
heading •• Annual Reports " will be found President Dolan's
statement to the stockholders at the recent annual meeting,
with a list of the numerous properties of which control has
been acquired during the year. The rumors that the company is arranging to acquire the New Amsterdam Gas Co.
of New York, are officially stated to be without foundation.
—V.
70, p. 850.
United States Aatouiatic Telephone Co. of New York
Citj.— Sfoek Half Fuui.— A certificate filed with the Secretary of State at" Albany states that half of the $l,00\000
capital stock has been paid in.
The directors include Elias
E. R'.es, Israel Steinhart and Simon Sterne.— V. 67, p. 1209.
Nassau St.
Ltah Light & Power Co.— ro Perfect Title.— The Farmers'
St. Joseph Stock Yards Co.— Bonds 0/fererf.— Veroiilye &
Co. offer at lOi^o and accrued interest a limited amount of Loan & Trust Co., as mortgage trustee, has filed a suit in the
the St. Joseph' Stock Yards Company's first mortgage United States Court at Salt Lake Cit/ to foreclose the consolidatel mortgage for $4.50).000 made in November, 1897,
4:h4 per cent gold bonds, due 1930, but redeemable on or after
Jan. 1, 1910, at 105 and accrued interest. The total author- by the Union Light & Power Co. The suit is brought merely
ized issue of the bonds is $1,250,000, secured by a mortgage to give the reorganized company a clear title. A receiver is
covering all the property now owned or hereafter acquired. asked for pending the sale. V.70, p. 234.
Letters of the Audit Company, of New York, which has
Utica Electric Light & Power Co. Lisied.-The New
made an examination of the property, and of Mr. Jotm Don- York Stock Exchange has listed the $oOO,CK)0 first mortgage
ovan. Jr., Vice-President and Q-eneral Manager of the Stock 5 per cent sinking fund 50-year gold coupon bonds of 1950,
Yards Co., show the net earnings of the company for for ll.OCO each.— V. 70, p. 87.
the last year were about $125. COO
the annual interest
TYashburn Wire Co. Acquisition. This new company
charge amounts to $56,250. The net earnings since the close
of the fiscal year, it is stated, have been almost double those has purchased the wire plant of R. H, Wolff & Co., Limited,
of the corresponding period of last year. Application will at 116th, 117th and 118th Streets, tMs city, on the East
be made for the listing of the bonds upon the New York River front.— V. 70, p. 850.
Stock Exchange.
TYheeling Natural Gas Co.— Increase of Stock.— At the
Santa Fe (X. M ) Water & Light Co.— Reorganb:td Cow- meeting on May 8 the capital stock was increased from
pa?!?/.— This company, incorporated under the laws of New 1500,000 to $750,000; par value of shares, $25.
Directors:
Jersey about March 1, has succeeded to the water and electric
WiUiam Fnnn. A. B. DaUv. Jr.. Edwin Bindlev. Vincent Stevens, C.
light plants of the old concern foreclosed.
The new com- L Stolzenbach, H. A. Xeeb, George H. Flinn.'A. C. Robertson and
pany is authorized, under the reorganization plan, to issue: James J. Boot.
Capital stock, #50. COO: prior lien 5 per cent 40- year gold
Wisconsin Lime & Cement Co.— Consolidation This
bonds, 110,000: first consolidated mortgage 3-4 per cent 50- company has teen formed as a consolidation of the followyear gold bonds, |;ie4.000: income 50-year 7 per cent gold ing concerns of Wisconsin, Illinois and Indiana: The Cook
bonds. 1245,000. Street, Wykes & Co., of Wall St
have cS:^ Brown Lime Co.. Gray-Tuthill Co., C. J. Neebes &
been assisting in the reorganization.
Co the Halleman-Loeflier Co.. N. J. Druecker, Charles
Shelby Steel Tube Co.— First D.vidend. The company Ruedebusch, the Ormsby Lime Co. and the Wisconsin Lime
has declared the first quarterly dividend of 1^^ per cent on Co. The capital stock as shown by the incorporation pa-
—
—
:
—
,
.
—
the preferred stock, payable May 15 to stock of record May 9
Additions. The company will add to their Shelby plart
two new buildings, one ICO "by 300 feet, the other 40 "by 1(0
feet.
The company will make a specialty of the manufacture of boiler flufs, and the new addition will be known as
the locomotive boiler flue department. "Railway Age. V.
—
—
—
70, p. 331.
—
Siegel-CooDer Co. Plan Abandoned. The plan announced
week has been abandoned, owing, it is stated, to the
fact that the small investors, whom it was desired to interest
in the enterprise, did not respond. V. 70, p. 898.
Standard Gas Light Co. of New York.— J.n»?<aZ Meeting.—
Directors. At the meeting this week President Tilford reported that the business showed large increases in all directions, and that the company is extending its manufacturing
department and will lay many miles of new mains, particularly in the Bronx.
The company, it is stated, has no float
icg debt, and the first mortgage "bonds outstanding amount
to only |1.362,0C0.
Frank Tilford is President. ^Oliver S.
Carter and E. A. McAlpin Vice-Presidents, and W. Greeley
Hoyt Secretary and Treasurer. The directors now are:
Frank Tilford. Oliver S. Carter, E. A. McAlpin, Jotn T. Terry,
Charles Dana, Charles E. Orris, H. H. Brookway, John U. Brookman
and Gardner Wetherbee.
last
—
—
flOO.OOO, but the properties united are said to be
Officers:
in the aggregate several millions of dollars.
President, Allan B. Cook; Vice-President, N. J. Draecker; Secretary,
E.B. Mvers: Treasurer, W. L.Woods; Directors, Allan B. Cook, N. J.
Druecker, E. B. Myers, J. B. TuthiU, Adolph Loefilar, Charles Ruedebusch and A. H. Halleman.
pers
is
worth
Office 605
Chamber
of
Commerce
Building, Chicago.
—Messrs. FiskA Robinson. No. 36 Nassau Street, New York,
offer for sale
$2,000,000
Like Shore
&
Michigan Southern
Ry. Co. 31-.,' per cent gold bonds at 109^^' and accrued interest,
netting 3 nS per annum. Orders will oe filled according to
priority of receipt.
—
&
Messrs. Gartenlaub
Co.. Chicago, offer a loan of $250 000
for eighteen months at six per cent, secured by the total issue
of 1600,000 first mortgage bonis of an interurban street railroad. See particulars in advertisement.
— |140,OC0 thirty-year four per cent funding bonds of
Portsmouth, Va.,"a"re offered for sale by Rosenberger &
Livermore. See their advertisement on page 962,
The new four-and-a half per cent bonds of the Western
Union Telegraph Co. are offered for sale by Messrs. E. C.
—
Stanwood
&
Co., Boston.
....
:
THE CHRONICLE.
950
COTTON.
^b.e Q^onxmtxtml "^imts.
COMMERCIAL EPITOME.
Friday Night, May
The condition
11, 1900.
of businegs in commercial circles has con-
tinued quiet in a number of lines of trade. The indications
have been that during the late fall and winter months the
active business then experienced was in a measure of a speculative character, buyers apparently anticipating their requirements for a considerable period of time. As a consequence, consumers are still working off supplies then purchased. Despite, however, the continued quietness of new
business, manufacturers and dealers in many instances have
been moving suflScient supplies on outstanding contracts to
prevent excessive accumulations in first hands, and prices
generally have been fairly well maintained. Weather conditions both in the West and South have been reported generally favorable for the growing crops.
Lard on the spot had a fair export sale early in the week
at a decline in prices, but during the latter part of the week
business was quiet, closing at 7-25c. for prime Western and
6-85c. for prime City.
Refined lard has been quiet and easier,
closing at 7 40c. for refined for the Continent. Speculation
in lard for future delivery has been moderately active and
prices have weakened under selling by longs to liquidate
At the close the tone
of the leading packers buying.
their accounts.
was steadier,
7-30
7-20
Nov
7-15
7-27
7-27
6*75o.
6-850.
6-85c.
Dec
Jan
March
Wed.
253
Thurs.
535
Fri.
Total.
31
141
2,336
1,362
11,064
3,795
1.509
1,611
1,362
1,096
6
1
1
718
728
265
449
336
145
439
1768
208
54
2
48
1
2
313
Wilmington
Wash'ton.&o.
12
149
18
228
Norfolk
92
160
131
227
516
248
35
98
165
489
764
153
40
1,659
2
1,394
Savannah
Bmnsw'k.&o.
84
Obarleston.....
Pt. Royal,&c.
MobUe
PeuBaoola, &o.
N'p't
News, Ao.
New
York.....
Boston
Baltimore
Ac.
368
week
3.796
Phlladel'a,
Tot. this
2,396
5,308
407
78
238
142
398
1,204
238
495
2,894
2.027
2,U94
165
20
50
603
3,863
2,518
7.558
25 439
11.
This
week.
1898-1899.
Since Sep.
1, 1899.
This
week.
Stock.
Since Sep.
1, 1898.
1900.
1899.
7-25
7*050
7'10o'
7"20c'
Raw sugars have been in fairly active demand at unchanged
The close was firm at 4 7-16c. for centrifogals, 96-deg.
and 3 15-16c. for muscovado, 89-deg. test. Refined sugar
has been quiet prices for hard grades have been firmly maintained but they have been easier for the soft grades. Teas
have been steady.
Kentucky tobacco has been quiet, but with limited offerings prices have held steady. Seed leaf tobacco has sold
slowly and prices have shown some irregularity. Sales for
;
week were 1,300 cases, as follows
Wisconsin Havana seed, ll@13c.; 40O
the
TueM.
251
1,125
Sab. Pass, <&o.
New Orleans...
May
prices.
test,
Mon.
Sat.
atavoBton
Fri.
slightly better sale, but at easier prices. The close was steady
at 63^@7c. for pickled shoulders, 10i^@10;'^c. for pickled
hams and 1^4@l%c. for pickled bellies, 14@1U Ibp. average.
Beef has been quiet but steady, closing at $9 00@10 00 for
Diess. $10 50@11 00 for packet, $13 00 for family and $1? 50
@18 00 for extra India mes?. Tallow has been quiet and
easier at 4J^c. Lard stearine has been dull and prime City
was quoted nominally at 8c. Oleo-stearine has been quiet,
closing at 7^c. Cotton-seed oil has been in better demand
and firmer, closing at 38@38i^c. for prime yellow. Butter
has had a fair sale at steady prices, closing at 14@20J^c. for
creamery. Cheese has been in moderate demand and steady,
at 8@12j^c. for State factory, full cream. Fresh eggs have
advanced, closing steady at ldj4@\3%c. for choice Western.
Brazil grades of coifee have had a moderate sale, but at
lower prices. There has been increased pressure to sell by
tired holders, and the freer offerings have weakened prices,
closing at 7 9-16c. for Rio No. 7. West India growths have
had a slightly better sale. There has been some bujing by
Europe and at higher prices than have been obtainable locally.
East India growths have been quiet. The speculation
in the market for contracts has been slightly more active,
but at declining prices.
Liquidation by discouraged longs
and expectations of an early movement of the new Brazil
crop have been the weakening factors.
The close was
firmer. The final asking prices were
Sept
Oct
at—
Beeeiptt
1899-1900,
for
6-500.
6-600,
6-650,
evening the total receipts have reached 25,439 bales,
against 42,509 bales last week and 39,848 bales the previous
this
Receipts to
pork has been quiet, and prices have
weakened to $12 50@13 00 for mess, $14 25@14 50 for family
and $13 75@15 00 for short clear.
Cut meats have had a
May
July.
Aug
Friday Night, May 11, 1900.
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
The following shows the week's total reoelpts,the total sinoe
Sept.l,
1899, and the stock to-night, compared with last year.
with some
DAILT OLOSINa PBICE8 OF LABD FUTUKES.
Sat.
Mon. Tiies.
Wed. Thur$.
May
The demand
LXX.
[Vol.
300 cases 1898 crop,
cases 1898 crop, Pennsylvania seed leaf, 11@12c.; 200 oases 1897 crop, Pennsyl
vania Havana seed, 12c., and 400 cases 1898 crop, Zimmers
Spanish, 14i.^c.; also 200 bales Sumatra at 90c.@|2 00 in bond
and 400 bales Havana at 55c.@90c. in bond.
:
Straits tin has had only a small sale, and under moderate
otterings and weaker foreign advices prices have declined,
closing at 28-62i^@28-75c. Ingot copper has been quiet and
prices have weakened slightly, closing at 16%c. for Lake.
Lead has been dull and lower, closing at 4-25@4-30c. for domestic. Spelter has declined to 4-55@4-60c., closing dull.
Pig iron has been dull and lower, closing at $17 50@22 00.
Refined petroleum has been easier, closing at 8'70c. in bbls.,
6-15C. in bulk and 10c. in cases.
Naphtha easier at 10-55c
Crude certificates have been neglected. Credit balances
have weakened to $1 42. Spirits of turpentine has been quiet
and unsettled, closing slightly easier at SO'^OSO'^^c. Rosins
have been quiet and easier, closing at $1 55 for common and
good strained. Wool has continued dull and weak
Hops
have held steady.
Galveston...
8ab.P.,&o.
l^ew GrleauB
MobUe
P'saoola.&o.
Savannah...
Br'wlok.&o.
Charleston..
P.Royal.&o.
Wilmington.
Wash'n, &o.
Norfolk
N'port N.,&c
New York..
Boston
Baltimore .
PhlladeLAo.
Totals
375,604
27,545
64,314
106,855
90,799
46,045
10,058 2,269,550
303
79.602
23,108 2,112,370
1,090 245,459
7,344 204,412
7,181 1,047.674
541 270,943
74 361,034
28
23,333
115 291,225
«..«..
1,351
6,451 632,451
408
28,981
105,556
3,448
1.854 292,691
593
43,631
222
46,924
25,439 6,261.123
62.818 8,057,187
2,336 1,676,371
1,362
73,931
11,064 1,759,898
728 189,669
144,251
1,768 1,057,459
116,092
313 255,100
1,233
407 275,158
799
1,204
238
495
2,027
2,394
€03
18,368
56,186
163,850
7,649
375,758
12.581
37,356
6,927
29,761
311
10,993
8,601
11,423
15,075
52
78,818
11,000
3,813
4,677
53,172
97
170,509
23,000
14,263
6.771
356.184
764.830
......
•••«•
In order that comparison may be made with other years,
totals at leading ports for six seasons.
we give below the
Beceipts
at—
Galves'n.Ao.
New Orleans
1899.
1900.
3,698
11,064
728
Mobile
Savannah
Cbas'ton,
. .
dec.
1,768
313
407
1898.
1897.
1896.
10,361
23,108
1,090
7,181
102
2,322
12,529
1,476
3,670
115
2.390
4,265
10,887
875
4.614
2,341
544
Wllm'ton, &c
Norfolk
1,204
6,451
2,093
4,920
News, &c.
238
408
329
102
others...
6,019
14,002
8,710
Tot. this wk.
25,439
62,818
36,593
N.
A.11
78
1896.
5,090
12,035
1,351
5,143
3,526
9,229
711
301
235
59
775
251
1,724
6.512
6,673
1,125
3,442
1,171
13,595
32,067
34,871
30.565
Sinoe Sept. 1 6261,123 8057,187 8364.557 6562,796 5087,653 7717.831
The exports for the week ending this evening reach a total
of 38,105 bales, of which 8,749 were to Great Britain, 759
to France and 28,597 to the rest of the Continent. Below
are the exports for the week and sinoe Sent. 1, 1899.
Week SniUn May 11 ,1900.
JBxported to—
Wwportt
from—
Sevt. 1. 1890, to
1.308
1,303
Ac.
589.371 862,205
12,114
2.187
Charleston.,..
622,338 iJOS.892
101.312
46.176 16.217
181,474 89,328
67,666
60,059
Port Roral.
WllmlnKton...
Norfolk
N'port N.. Ac.
New York....
3,150
7.318
11,122
36,813
29.566
20,117
131,800
Boston
3,490
101)
3,690
100,171
Baltimore....
Philadelphia.
2.109
i.tos
3,612
88,133
NewOrleani.,
Mobile
Pensaoola
Savannati
Brnnawlok....
16.390
15,390
3.183
3.183
May
11, 1900.
Exported to—
ereat
Conti- lotal
Qreat
France
,^ance
BriVn.
nent. Week. Britain.
QalveBton
Sab. Pass.
trom
Oonti.
nent.
loUl,
607.692 1.169.168
40.697
61.028
626,110 1.167,840
31.692
133,004
62,158
499,888
124,581
16,625
112,847
83,891
1TS.906
230,079
206,809
1.766
94.368
tl.'.n
710,640
.
759
1,644
31,908
!a.087
215.69 S
3,040
381.806
1C3.811
111.913
162.378
178.066
186,464
4,666
10.308
BanFran.,Ao..
4,ee«
8.749
759
28.597
39,105 2.057.984 666,794 2,e2t!,6:6 5,852403
Total. 1808-99. 2.S,3e8
6,127
17.161
16.213 3.28S,793 701.610 8.612.020 6.632.U1
Total
—
May
«e
.
—
a.
6
..
THE CHKONIOLK
12, 1900.]
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messrs.
Lambert Barrows, Produce Exchange Building.
We
Futures.
951
— Ihe
highest, lowest and closing prices of
are shown In the following table.
New York
Futures at
&
CM SHIPBOABD, NOT OLBABBD FOB—
May
Leavino
11 at
Other
Britain. France. Foreign
Ooattwise.
Total.
23,973
3,248
2.000
None.
33,469
6,642
2,000
5,000
4,270
2,000
853
894
None.
600
None.
None.
None.
None.
40,491
2,347
Great
New Orleans...
Galveston
3,164
2.500
1,500
1,000
9,164
5,479
None.
None.
None.
Bavannah
Oharleston.
Mobile
Norfolk
1.0 JO
New York
Other ports
.'^.479
None.
None.
None.
None.
None.
None.
None.
None.
ttoek.
QOOD
6,000
5.770
3,000
130,381
11.734
35,356
6,327
7,649
9,075
73,018
25,143
57,481
298,703
UiCiS
600
None.
o
Total 1899Total 1898...
.
17,381
34,882
20,340
15,266
29.091
34,658
24,106
14,500
90,918
99.286
Speculation in cotton for future delivery hag bsen dull, and
The
changes in prices have been slight and irregular.
strength of the statistical position has continued the feature
of this crop, but it has failed to stimulate buying, being offset
to some extent by the reports of a steadily- diminishing demand for cotton goods here and in Europe. The squeeze of
May shorts has continued to receive a moderate aaaount of
attention. There has been a fair amount of cotton tendered
on contracts, but it has been readily stopped, and it has been
reported that a prominent bull house has engaged freight
room for the shipment to Earope of 12,500 bales which it expects to receive on contracts. The new-crop deliveries have
shown a tendency to sag. Early in the week heavy show«rs
in the Southwest, particaUrly Texas, had a steadying infla
ence. As a rule, however, the weather conditions for the
week have been reported as favorable, and private advices
have been received from a number of points in the South reporting favorable prospects for the crop. Today the market
was moderately active. There was considerable liquidation,
both for long and short account in the summer months, and
prices for the day weakened slightly. The new- crop deliveries continued to sag under the more favorable weather conditions in the S outh. The close was steady, with prices 3
points higher for May, unchanged for June and 2@4 points
lower for other months. Cotton on the spot has been firm,
and on Tuesday prices were advanced i^c. to 9^c. for middling uplands.
The rates on and off middling, as established Nov. 15, 1899,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
..o. li«on strict Good Mid. Tinged. o. 3,,, on
Fair
Middling Fair
^ on Good Middling Tlngea
Even
ig ofl
'7,6 on
Strict Good Middling
Middling Tinged
Sjgon Strict Middling Stained.... 1408
OoodMiddling
Sjgoff Low Middling Tinged
Strict Low Middling
"it- ofl
Low Middling
'i«off Middling Stained
'isoA
Strict Good Ordinary
\ off Strict Low Mid. Stained.. 1 off
Oood Ordinary
ISgofl
l^ieoff Low Middling Stained
On this basis the official prices for a few of the grades
the past week — May 5 to May 11 — would be as follows.
UPLANDS.
Sat.
Qood Ordinary.
Low Middling..
BUddling
Good Middling.
Middling Fair...
Mon Tae8
GULF.
813,
9%
9\
9 '8
101,6
IOI3
101,6
lOhe lOha
I0>fl
1088
Sat.
Ctood Ordinary.
Low Middling..
97,8
9^8
1088
813,6
97,6
97,6
9^9
9^8
103,6 103,6
1058
1058
moil Taes Wt>A Tb. Frl.
8iB,e
8'5,6
99l6
9iie
Biiie
Middling
10
10
G30d
10^
105,8
105,,
10',
Middling.,
Middling Fair..
UTed Tk. Frl.
8IB13
9B,6
for
9ii,f
lO^s
107,6
10%
9iie
9'i,6
91,6
911,6
IQia
10%
10',
lO'ia
8ifl
81a
97,6
988
9'8
10% lO'^S 10% lo-'e lO-'a
Sat. niou Taes WeA Tb. Frl.
STAINED.
Low Middling
838
Middling
95ifl
838
96,6
91a
9ifl
MlddUng
Good Middling Tinged.
Strict
9%
8I2
97 16
953
9'e
8Jfl
97,6
988
9%
97,6
988
9'8
The quotations for middling upland at New York on
May 11 for each of the past 32 years have been as follows.
1892. ...0. 715,6 1884. ...0,1111,
1876.-..C.1214
16i«
1891
815,8 1883
1015,6 1875
1838
1890
12
1882
1874
125,6
I914
7%
1889
11
1881.
1873
107ia
8I4
23%
10
1888
1880
1111,6 1872
151a
6%
1887
1879
1871
lO'^s
127,6
23ifl
914
75,6
1870
1886
1878
10%
nans 16 1885
28ifl
1869
10l3ie 1877
Note.—On Oct. 1, 1874, grades of cotton as quoted were changed.
According to the new classification Middling was on that day quoted
%0. lower than Middling of the old olassifloation.
1900...
1899...
1898...
1897...
1896...
1895...
1894...
1893...
9^8
8I4
638
Wb
MABKET AND
Spot Mabket
Globed.
SALES.
FnTUBEB
Mabket
Olosed.
Sales of Spot
& Oontbact
Ex-
Oon-
Con-
port.
sump.
tract.
Total.
id
coo
*»»
COM
<i(X>
05 00
00 66 66
ooop
toto
QpOO
coco
coco
|(>>|(^
ila.|(k.
MCO
coco
tOro
COO)
coco
^d>
«Jlfc
*10t
COCK
d
C0«1
Id
Id
Id
Id
Id
id
0000
00 00
CO
to
CO
coco
coco
coco
ocoo
OCO
coco
coco
^co
Id
or
ODOO
00 00
Id
Id
.1
ODOO
..
ODOO
ODOO
I
M'
to
..
*.
MM
-©
00
OCO CCQO 00
or 00
M<
03
oooo
00 00
ODOO
oooo
toto
0001
00
•
M
I
I
'
to
I
I
00
I
d
I
d
00 00
M
I
M
o
°?l
'
00 OD
©
I
00 00
I
d
oooo
I
Quiet
Quiet &st'dy
Tuesday... Quiet atieadv., Quiet
Wednesday Qnlet & steady. Quiet
Thursday. Quiet
Quiet
Priday.... Quiet
Quiet Ast'dy
Monday
TotaL.
4,235
75
4.310
7,100
6,035
1,880
200
105
7,100
1,600
1,500
32
178
100
132
1,000
1,178
tiulet
515 11,300 16,126
d
00 on
oooo
ODOO
oooo
oooo
00
-vl
CO 00
©6 6
Id
oooo
|C|»
ti to
a
d
cj'ci.
oooo
toto
<IOD
oooo
03
I
oooo
oooo
I
00
M© o
00
oooo
d
'
d
I
d
QOOD
oicJ,
oooo
00 qp
Id
Id
Id
oooo
oooo
oooo
oooo
aco
oooo
oooo
toto
MtO
I
d
I
oooo
tOlJi
d
I
1
6
en
d
I
d
0°
00
CO
6
CO
©
o
Id
c
Id
00
00
'
00
I
I
o
to
I
I
I
d
coco
©CO
tOM
coco
toto
CO to
coco
cicn
coco
coco
MtO
I
d
d
ooa
05 0J
coco
66
I
d
coco
ccto
ccto
too,
00 to
OCO
coco
«0C0
COCO
,(litL
cjici
c^6
oooo
1^1^
t4to
cc^
00^
d
Id
coco
oico
si
C0&
•
Id
coco
coco
coco
©©
1^ 1^
CT<
coco
coco
coco
toto
coco
i^iu
coco
O'in
I
d
coco
toco
aoi
1
d
01
M©
1
a
CO
©
CO
1^
'to
'1^
*>.
©
Id
id
Id
to
o>
Ci
1
d
-j>j
00
00
^os
000
CO©
op
to
to
©
COCO
COCO
WOI
to©
,
M©.
66
oooo
coco
if»o,
ii^oi
a
<ic;,
Id
I
00 »5
oooo
M©
^0
I
'
I
coco
coco
OOM
°p
to
CO
.5I
coco
coco
COtO
c>
o
CO
I
coco
coco
d
O'OS
M© 66
cu©
00
O
to
Mfrs
Q)
ooop
tots
00 00
©o ©© 00
05^
CriCO
o
d
toto
s>
oo
00
66 66 66
©•-'
09©
(J}
00
CJicJ'
ooop
60
66 00
66 66
MtO MO M©
©en 1^
I
tOlf^
I
cjicfl
d
9?
to a,
ooix)
opoc
CO 00
I
I
QOOD
cx>oo
I
I
I>3t0
o,c;>
ceo
00 <J
ooop
66
66 CO
W>l^
ifM
M
tSit^
OOOO
WO'
oooo
©o o©
©o ©©
©00
COQO
-to
coco
00 CO
KOO
oooo
oooo
I
I
oooo
tUtb.
CO to
d
00 09
66 ©o
66 01
66
o,
c;<Oi
d dd
d
d
I
wto
r/
It^lb
d
oooo
v>v<
I
oooo
1^
MM
M<
MtO
"^
I
'1^
I
'
I
o»
o,
d
c»
CO
CO
to
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 (May 11), we add the item of exports from
the United States, including in it the exports of Friday only,
The Visible supply of Cotton
1897.
1898.
1899.
1900.
Stock at larerpool
bales. 653,000 1,549,000 1,210,000 1,147,000
3,000
5,000
Btoob at London
5,000
4,000
Total Great Britain stock. 607,000 1,654,000 1,213,000 1,152,000
Stock at Hamburg
12,000
19,000
27,000
16,000
Stock at Bremen
335,000 170,000
347,000 339,000
4,000
Stock at Amsterdam
2,000
2,000
1,000
Stock at Rotterdam
200
300
300
200
8,000
Stock at Antwerp
6,000
8,000
3,000
Stock at Havre
201,000 219,000 253,000 211,000
Stock at Marseilles
4,000
5,000
5,000
2,000
Stock at Barcelona
94,000
84,00©
95,000 108,000
51,000
Stock at Genoa
78,000
44,000
69,000
24,000
5,000
18.000
Stock at Trieste
3,000
Total Continental stocks
740.200 30j,200 757,300 5 '0,300
Tetal European stocks. ... 1.^97,^00 2,3t>z,200 l,97u,300 1,7!«2,300
132,000 123,000
India cotton afloat for Europe
31,000 112,000
Amer. cotton afloat for E'rope. 209,000 195,000 274,000 282,000
39,000
Egypt,Brazll,&c.,aflt.for E'pe
33,000
41,000
28,000
Stock in United States ports.. 356,184 784,830 602,660 417,976
Stock in U. 8. Interior towns.. 204,160 403,317 262,630 131,701
22.194
10,387
16,755
9,167
United States exports to-day.
'.J,23i.70i 3,S88,7d4 3,29 0,784 2,732,729
Total visible supply
Of the above, totals of American and other desoriptlonB are as follows.
.
545,000 1,467,000 1,115,000 998,000
714,000 743,000 715,000 487,000
American afloat for Europe... 209,000 195,000 274,000 282,000
356,184 764,830 602,660 417,973
United States stock
United States interior stocks. 204,150 403,317 262,630 131,701
16,755
9.167
10,387
22,194
United States exports to-day..
Total American
2,037,501 3,583,534 2,991,484 2,333,429
East Indian, Brazil, rfc.
95,000 149,000
108,000
82,000
Liverpool stock
4,000
5,000
3,000
5,000
Londonstook
65,200
42,300
83,300
26,200
Continental stocks
31,000 112,000
132,000 123,000
India afloat for Europe
39,000
28,000
41,000
33,000
Egypt, Brazil, &o., afloat
197,200 305,200 305,300 399,300
Total East India, &c
2,0^7,801 3,583,524 2,991,484 2,333,429
Total American
Total visible supply
2,334,701 3,888,734 3,290.784 2,732.729
3l332d.
mddling Upland, Liverpool..
39)^d.
45s2l.
57i6d.
9'80.
7i3,e0.
MiddlingUpland, New York..
e'^ao.
6H0.
5i4d.
4is,g(i.
Bi\Q^
538d.
Egypt Good Brown, Liverpool
6Si6d.
6''8d.
7^d.
Peruv. Rough Good, Liverpool
e'^ed.
i^ed.
Si'ggd.
358d.
558d.
Broach Fine, Liverpool
4isa.
3932d.
rinnevelly Good, Liverpool.
S^ied.
55ied.
have
week
The imports into Continental ports the past
been 52,000 bales.
The above figures indicate a decrease in the cotton in
sight to-night of 1,654,033 bales as compared with the same
date of 1899, a loss of 1,062,033 bales from the corresponding
date of 1898 and a decline of 498,028 bales from 1897.
Liverpool stock
Continental stocks
bales.
'
.
•torday.. Quiet
toto
66 •J
©o
©o
CO
00
00 cc
ODOO
U<il>-
CO 00
66
66 66 00
<I-J
{SCO
I
CiV
1^
^
>
d>iji
coco
1^1^
CD
Id
coco
t^ib.
-003
Id
OOX
I
co%)
t^t-Vlfi.
(oco
I
00
00 01
«,
I
(oec
1^
05 -a
-
coto
toto
OiOt
tc<o
«e
o
i^ii-
Id
MM
-
0000
QOOD
0000
0000
d
ooop
t9tO
MlB'
id
10
ODQO
^
QOOO
0000
«
00
I
673,912
603,374
ODOD
66 66 66
WW
0000
•
Total 1900...
o
^"
W
;
.
THE CHRONICLE.
952
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
for the
corresponding period of 1898-99— is set out in detail below.
ti
S
fc:"
oo
H
<I
K
OLOSIMO QnOTATIOMS FOB MIDDLIHa OOTTON
Satur.
Galveston...
O
"B
09
g
so
o
si" r
sg
00
W
o;
-a;
|f>..
mm;
C0K3
O
osif^wosotoei^.;
(ooo^qoo
»o
•
lotcwoi
• IR
ib-oo
COOOOIMOMIt^'^' a3>49<O>]00t0C0C0- o<t3^c;ia5
938
97l6
R°'8
^Il8
938
9I4
988
97,8
Mobile
Savannah...
S^8
9^16
Wilmington.
Norfolk
938
9I4
958
95l6
97^6
938
9I4
958
^^18
^Il8
938
9I4
958
Boston
Baltimore
9^
9%
9%
95,6
9^16
938
914
958
9 '8
9-'8
9''8
9^8
9''8
9-^8
lOifl
lOifi
lOis
958
10i«
988
9>«
91a
.
.
10
Louis
Houston
m
M
»i
Fri.
938
8t.
ts;
os;
00.
Thurt.
938
9i«
Memphis
•
938
Wednes.
9ifl
Augusta
:
rues.
9ifl
Philadelphia
k3,'
>•
:
Hon.
OM—
New Orleans
Charleston.
HodO
LXX.
Quotations for Middung Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week»
Week ending
May 11
-^
[Vol.
Cincinnati .
Louis vUle...
10
988
938
938
938
958
91a
938
938
938
938
958
9»e
96 6
938
938
958
91fl
9ifl
9>fl
958
^^8
w
958
978
^^8
938
95i6
958
91a
The closing quotations to-day (Friday)
at other
important
Southern markets were as follows.
Athens
933
Atlanta
Charlotte
9
Colnmbus.Miss
EuJaula
9ia
9
Little Rock....
Mont«omer.T...
Oolumbus. Qa.
CO'
•
W;
•
!
•
H^;
Q0>
M
to
OlM
O'.rOOi^'
t-'<CH'(>)>-'
»3O30t3^KSWWl05OW;
•^OMC0(0O9<t3U<b3M.
A M
M05; M
Ki'v *k|f.en; ij«3;
OOO, •4UIC5, MCO,
QOm. WCBCO. COCO'
col
M
too
If'
;
00
•
•
M
OObStOMi^i
O5QDM5O00<lW-J«aO5| ^(O
MM
05
•
;
00a0V<*Jt3C0Oa0<0lt^W> COCOOI
OOOC^tObSCO V »3 A O W M M -J M_^ to
O'wiooo^l ww^oiVs^llfk'oj'io'to'bsMOD'io'otM
astSOOOOCOOrOCOOCxCOWCO-JCKCOXl^MOO
QDWOSWWOS^CiOlf'OMMtOlf'WCOWUlCOtO
e0Mt0MfcaMMI|4.M<lO to tO*kM
OOtEi-'OS
w; -J05tOM|^'^^<^uIoo<^oc^5co*>aDMC5©waiO;0« -aatoco-^
to- QDO.OO'O^^X)^^WO>0350aoW<ltOWODWQOac<lW>-'©00;tOO
^coco
'V'
a
as
<«
o
M
*^
o
CO
fib.
tO'
I
0:
tOMMM
(0
ODO>ODQOIj«i('MOtOtOi;kO«05C;'C0 05«T:if'
O«O>O>CO*«<3C0<»<100O5M
l^©COC;'i«'05ifeMOODO»05CeMCOO*'^ODlt'COCOC*5tO~3 0K:cOO'W<I
M©ci>i(k»a©tOto to w » w olx "J o;V> <j'co"cO"j'i(» OD <i woi^V M
1^
1a
•
aV
lf'O«D-^W0<OlMt0^MM©-j:C0«at50>i^W<lC0<O^iyiC0 — O5>-©05
M^cotoaiMO©o5toif'0>'vja5if'toco»]to<ia5aco©Mw^c»»i*i]f!k
p
o
*
[
j
0<;
*
,!!»;
coit^'os
-Jto.
cj>co>
c;>
I
OtOp
Mi
M
05
5*
;
coMts'toooloto;
^ to
"-•
M
I
COM
tOM
to
;
to
CO tO <1 00 50
,-
^ tS © *« CO
M Jp
*
c»
cp<i->iC5Mir©©o©©mx'M~jtw-©cnoi© to
The above totals snow that the interior stocks have de
creased during the week 12,382 bales, and are to-night 199.167
bales less than at same period last year. The receipts at all
towns have been 21,701 bales less than same week last year.
Overland Movement for the Week and Since Sept. 1.—
give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
May 11 and since Sept. 1 in the last two years are as follows.
tao5to~jwoDi
'
to<i-
We
1899-1900.
May
11.
Week.
1898-1899.
Since
Sept.
1.
Week.
Since
Sept.
1.
Shipped—
Viadt. LoaiB......
Via Cairo
Via Paduoah....
Via Rook Island
.............
5,652
1,517
............
ViaLouisvUle
VlaOlnolnnatl
Via other routes, &o...
Total gross overland.
"l98
672
1,942
,
.... .....
Deduct shipments—
Overlana do N. f., Boston, &o..
797,185
217,607
11,63S
12,810
203,890
130.631
299,896
9,981 1,673,659
6,20'
2,479
......
2*402
1,804
4,818
872,682
380,790
19.892
42,967
172,227
159,081
173,572
17,711 1,821,211
Between interior towns
Inland. <Sto.. from Sonth. ........
6,019
79
1,247
308.013
73,702
90,416
6,117
1,249
2,716
498,802
42,596
81,757
Total to be dednoted.. .......
7,345
472,131
10,082
613,155
Leaving total net overland*..
2,636 1,201,628
7,629 1,208,056
Inclndlngr movement bv rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 2,636 bales, against 7,629 bales for the
week in 1899, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 6,528 bales.
1899-1900.
Takings.
Week.
Receipts at ports to May 11
Net overlana to May 11
BoTithem consumption to
Total marketed
Interior stocks in excess
May
11.
Since
Sept.
1.
Week.
Since
S^t.
I.
25.439 6,261,123 62.818 8,057,187
2,6361,201,528
7,629 1.208,056
82,0001,077,000 26,000 946,000
60,075 3,539,651 96,447 10211243
12,362
t39,033 * 17,697 299,198
Came into sleht daring week. 1j,713
Total In sight May 11
8,500,618
9%
S^hi
backward,
rainfall reaching
—
—
—
—
—
—
—
1898-1899.
In Sight and Spinner $'
9^8
two days of the week,
one inch and twenty-three hundredths.
The thermometer has averaged 73, the highest being 82 and
the lowest 64.
Cuero, rea?a.9. — Rainfall for the week ninety-five hundredths of an^icch. on two days.
The thermometer has
averaged 73. ranging from 60 to 86.
Abilene, Texas.
There has been no rain during the week.
The thermometer has ranged from 55 to 88, averaging 72.
Brenham, Texas. It has rained heavily on two days during the week, the rainfall reaching one inch and eigtity-two
hundredths. Average thermometer 70, highest 84, lowest 55.
Dallas, Texas. Rain has fallen on one day of the week,
the rainfall reaching thirty-six hundredths of an inch. The
thermometer has averaged 68, the highest being 85 and the
lowest 51.
Henrietta, Texas.-lt has been dry all the week. The
thermometer has averaged 69, ranging from 48 to 89.
Corpus Christi, Texas. There has been no rain during
the we^k. The thermometer has ranged from 72 to 86, averaging 79.
Lvnpuiew, Teajats— There has been excessive rain on two
days during the week, to the extent of three inches and
thirty -five hundredths.
Average thermometer 71, highest
88, lowest 54.
Palestine, Teajas.— Rain has fallen on two days of the
week, to tne extent of ninety-three hundredths of an inch.
The theroaometer has averaged 71, the highest being 83 and
the lowest 54.
Paris, Texas. The week's rainfall reached thirty-eight
hundredths of an inch, on two davs. The thermometer has
averaged 66, ranging from 49 to 83.
San Antonio, Texas. There has been heavy rain on two
days during the week, the precipitation being one inch and
seventy-four hundredths. The thermometer has ranged from
58 to 88, averaging 73.
New Orleans, Louisiana. —There has been rain on one day
during the week, to the extent of eight hundredths of an
inch. The thermometer has averaged 73.
Shreveport, Louisiana. There has been rain on twD days
of the week, the precipitation being seventy-eight hundredths
of an inch. The thermometer has averaged 72, ranging from.
tVie
©<!; coV'®a)lo'eow05 0itoto"'cM'aioV'*'©Ooo'"ji
05*^; ©©M<l©:;'K)©t3t35(X Ol*'Q0»J<lQD-l w co<
9
9'4
914
Galveston, Texas.— It has rained on
ife
it»-
Natchez
Raleigh
Shreveport
Weather Reports by Telegraph.— Reports to us by
telegraph this evening indicate that rain has fallen in most
sections of the Sjuth during the week, but the precipitation
has been light as a rule, although excessive in some sections
of Texas and Arkansas.
As a result of the more favorable
conditions, planting of cotton has made good progress, but is
still backward on the whole.
Over a large part of the South
it is claimed that the temperature has been too low at night.
In fact our Augusta correspondent states that the weather
has been unseasonably cool, and from Greenwood, South
Carolina, we are advised that cool nights and winds are in-
feature, and condition is very
i-i
occoto
lOMOOMMM
p QOJOpootOMMW
Mtop;
©
''
y -] o w 05 —
c;' if^
it^to
'^tooo;
to CO to WI C;t
,
CO
<i
Nashville
jurious to the crop. Mobile reports that while planting haa
progressed well, cool weather has been an unfavorable
po
m to'tow<iMl^©«»MM
cc 00 iu to CO - o 3>
w to to o5 u> ce ^^
©oswowostoooi^xai, w m to vi o te
«< o eo r- #• © ;o
1^
9i8
9
78,750
10510441
Worth'n spinners tak'gs to May 11 25,335 2.125.546 21,847 2.020,369
* Decrease dnrinj? week.
t Less than Sept. 1.
In 1898 the week's movement into sight was 44,185 bales;
In 1897 reached 48,460 bales; in 1896 was 42,841 bales, and
in 1895 waa 31,691 bales. The totals since Sept. 1 in the same
years were 10,528,145 bales in 1897-98; 8,123,103 bales in 1896-7;
6,713,144 bales in 1895-96 and 9,536,672 bales in 1894-95.
56 to 87.
—
Columbus, Mississippi. There has been rain on one day
during the week, the rainfall being one inch. The thermometer has ranged from 49 to 85, averaging 68.
Vicksburg, Mississippi.— Planting is progressing, but the
weather is too cool. We have had a trace of rain on one day
of the week. The thermometer has averaged 71, the highest
being 88 and the lowest 54.
Little Rock, Arkansas.— There has been rain on three days
daring the week, the precipitation being two inches and
The thermometer has ranged
seventy eight hundredths.
from 44 to 82, averaging 68.
Helena, Arkansas.-CTops are doing well, but temperature
rather low this morning. We have had rain on two daysthe past week, to the extent of thirty-six hundredths of ar
inch. Average thermometer 69, highest 86 and lowest 47.
:
May
IHE CHRONICLE.
12, 1900.]
—
Planting is
Memphis, Tennessee. Nights are too cool.
and where cotton is up good stands have been secured.
We have had showers on three days during the latter part of
the week, the precipitation being fourteen hundredths of an
inch. The thermometer has averaged 68, the highest being
84-9 and the lowest 48 6.
953
Alexandria Receipts and Shipments op Cotton. —
active
—
Tennessee.
The week's rainfall reached
The thermometer has
eighteen hundredths of an inch.
averaged 03, ranging from 42 to 84.
Mobile, Alabama. Cotton planting has made good progress, but cool weather has been an unfavorable feature and
conditions very backward. There has been no rain during
the week. The thermometer has ranged from 58 to 84,
Nashville,
—
averaging
72.
Montgomery, Alabama.
— The weather has
been dry most
of the week, but nights too cool. The week's rainfall has
been forty one hundredths of an inch, on one day. Average
thermometer 70, highest 87 and lowest 53.
have had rain on one day of the
Selma, Alabama,
week, to the extent of thirty hundredths of an inch. The
thermometer has averaged 67, the highest being 90 and the
— We
lowest 55.
Alexandria. Egypt,
May
Receipts (cantars*)...
This week
Siuoe Sept. 1
—
—
—
—
May
10, 1900.
and May
11, 1899,
May
New Orleans
10, '00.
27aBlivllle
Bhreveport....
Vioksbnrg
11, '99.
Feet.
Feet.
12-8
13-4
209
5-1
26-4
14-2
31-2
7-7
41-5
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Memphis
May
15-7
1898-1899.
10.000
6,405,000
5,519,000
Since
Sept. 1.
1897-98.
12000
This
week.
38,000
6,469,000
Since
Thit
week.
Sept. 1.
Since
Sept. 1.
Exports (bales)—
To Liverpool...
To Oontlnent t
6,000 374,000 8,000 285,000 3,000 313,000
12,000 367,000 20,000 305,000 18.000 372,000
Total Europe
17,000 741,000 28,000 590,000 21,000 685,000
pounds,
t Of which to America In 1899-1900, 69,943 bales:
in 1898-99.
43,977 bales: In 1897-98. 47,677 bales.
A oantar Is 98
Manchester Market.— Oar report received by cable
to-night from Manchester states that the market continues
quiet for both yarns and shirtings. The demand for India
is poor.
give the prices for to-day below and 1^ ave those
for previous weeks of this and last year for comparison.
We
—
averaged 78, ranging from 52 to 91.
Savannah, Georgia. There has been rain on one day during the week, the rainfall being two hundredths of an inch.
The thermometer has ranged from 58 to 86, averaging 72.
Auyunta, Georgia. The planting delayed by rains has
been about completed, but the weather is unseasonably cool.
Kainfall for the week eighteen hundredths of an inch, on
one day. Average thermometer 70, highest 87, lowest 54.
Charleston, South Carolina. We have had rain on two
days of the week, to the extent of one hundredth of an inch.
The thermometer has averaged 73, the highest being 84 and
the lowest 60.
Greenwood, South Carolina. Cool nights and winds are
very injurious to crops. Rain has fallen on one day during
the week, to the extent of twelve hundredths of an inch. The
thermometer has ranged from 56 to 83, averaging 69.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
1899-1900.
This
week.
Madison, Florida. Planting is about finished. The increased acreage, as well as greater use of fertilizers, is estimated at 10 per cent. Stands generally good. There has
been rain on one day of the week, the precipitation being
twenty- one hundredths of an inch. The thermometer has
8 o'clock
9.
1900.
8^
d.
d.
Apr. 6
" 13
" 20
" 27
May 4
••
11
SH ®9'«
854
fQ^
314 'a>9^
83,aa9is
33ie«9
Sk
lbs. Shirt- Oott'n
32« Cop. ings,
Twist.
1899.
common Mid. 32s
Uplds
to finest.
d.
6
6
6
6
5
B.
-as
38
-98
-as
•as
4I998
May Cotton Report
d.
d.
71a
5i3,e®658
4ifl
51832
57,6
51530
51B30
57,6'
41^
57i«
5iM«®69ie
6
6
5
d.
lbs. Shirt- Oott'n
Cop. ings,
Twist.
d.
5% ®89ja
5iii6'a69i6
5»8 ine^
553 aeia
common Mid.
to finest.
d.
2
2
2
2
a
2
s.
®6
®6
lipids
d.
11
11
-ae 11
a6ii
-ae 11
-97
of the Agricultural Bureau
d.
338
3li»3
338
338
338
31318
—As
indicated in the Chronicle of last week, page 903, the Statistician of the Department of Agricultur'i omits the usual preliminary estimate of cotton acreage. His May report says
In consequence of the almost, If not entirely, unprecedented backwardness of the season, the Statistician is unable to make the usual
preliminary estimate of the new acreage of cotton.
:
Government Weekly Cotton Report.— Mr. James Berry,
Chief of the Climate and Crop Bureau of the Agricultural
Department, made public on Tuesday the following telegraphic reports on the crops in the Southern States for the
week ending May 7
Virginia.— Excellent week for work; too cool and dry for growth;
warmth and moisture needed.
North Carolina.— Planting cotton made excellent progress under
favorable conditions; thunder-storms with wind and hail on 3d and
light frost in mountains on 4th were slightly Injurious; good stands of
cotton, chopping and plowing under way; warm showers needed.
South Carolina.— Farm work has made rapid progress; Holds becoming grassy; warm rain needed; cotton planting nearly finished;
stands good, but injured by cool nights; chopping begun; cutworms
troublesome.
Georgia.— Destructive hailstorm
in portions of few Northern counon 2d completely ruined crops along its path; cotton growing well
in South, and planting about completed in Middle and Northern sec-
Cotton Goods Market at Manchester.— We give to-day
in our editorial columns an interesting communication from
ties
our peculiarly well-informed Manchester correspondent. It
sets out very clearly the outlook in the Manchester cotton
goods markets and the British cotton industry. As a contribution to the discussions of the day respecting the future
of cotton and the cotton goods markets, it will be found extremely useful.
Florida.— Favorable week; previous heavy rains necessitate replanting cotton on lowlands.
Alabama.— Favorable, except nights rather cool; planting cotton
nearly completed, both good stands; chopping cotton|general; recentlyflooded districts being replanted.
Mississippi.- Increased temperature, ample sunshine and absence
of rain greatly improved crop outlook; cotton planting continues,
early being worked, stands good, some worms reported; nights cool
for cottou; rain needed in Southern counties.
Louisiana. Excess of sunshine and only scattered showers, favorable CO farming interests; rapid progress made in cleaning fields of
grass and weeds; cotton that is up doing well; large portion of cotton
crop planted.
Texas.— Dry, warm weatber needed for agricultural interests; fields
grassy; ground in many sections too wet for tillage; lower Brazos
bottoms still flooded; cultivation cannot be resumed in Jentral Brazos
bottoms for several days; cotton planting pushed where practicable,
and is well advanced in northern portion, but much behind in central
and southern portions, where third planting is rendered necessary In
places by floods.
Arkansas.— Cool nights retarded growth of cotton; cotton planting
nearin.K completion, early planted coming up to good stands and being
chopped out in some sections.
Tennessee Week generally favorable and farm work progressed
rapidly; cotton coming up well, but cool nights injarious.
Missouri.— Excellent week for field work; cotton planting rushed,
but cool nights unfavorable for rapid growth cotton coming up well.
Oklahoma.— Hail caused considerable local damage to crops; cotton
making good growth; early planted cotton being cultivated first or
Movement from all Ports. —The reoelpta
of cotton at Bombay and the shipments from all India ports
for the week ending May 10, and for the season from Sept. 1
to May 10 for three years have been as follows:
India Cotton
1899 1900.
Beeeiptg at—
Since
Week.
Bombay
Week.
Sept. 1.
12,000
1897-98.
1898-99.
824,000
Since
Sept. 1.
56,000 1.731,000
For the Week.
Week.
Since
Sept. 1.
68,000 1,349,000
Since September
1.
Exports
from—
Great
Britain.
Continent.
Total.
Great
Britain.
Continent.
Total.
Bombay—
1899-'00..
1898-99
1,000
4,000
23,000
50,000
5,000
2.^000
SOOOO
3,000
12.000
9,000
58,000
3P1.000
283,000
61,000
393,000
292,000
i'.odo
2,000
1,000
1,000
1,000
2,000
3,000
14.000
20,000
15,000
15,000
22,000
18,000
1,000
1,000
2,000
2,000
2,000
5,000
17,000
3,000
7,000
19,000
5,000
2,000
3,000
10.000
2.000
3,000
10,000
1,000
4,000
11,000
35,000
75,000
55,000
36,000
79.000
66,000
8,000
27,000
60,000
10,000
27,000
61,000
7,000
20,000
25.000
112.000
493,000
356,000
119,000
513,000
381,000
.
1897-98..
Calcutta—
1899-'00..
1898-99..
1897-98..
2,000
1,000
Madras—
1899-'00..
1898-99..
1897-98..
All others—
1899-'00..
1898 99..
1807-98..
Total all—
1899-'00..
2,000
1898-99..
1897-98..
i',oo6
The Plague
in Calcutta —Under date of Monday, April
the Manchester (Eng.) " Guardian" was in receipt of the
" There are
following telegraphic advice from Calcutta
now comparatively few deaths from the plague. Signs of a
steady growth of confidence are noticeable in the ba zaar and
dealers are beginning to inquire more freely for goods."
30,
:
tions.
—
—
;
second time.
These reports on cotton are summarized by the Department as follows:
Cool nights have been unfavorable to cotton over the northern portion of the eastern half of the cotton belt, and the heavy rains of the
previous weeks in Florida and Texas have necessitated extensive replanting. Generally, however, the crop has done well.
Good stands
are reported, except in the flooded portions of Florida and Texas; in
the last-named State planting has been vigorously pushed where
practicable, and is weU advanced in the northern portion, but is much
behind in the middle and southern portions, where in places a third
planting has been rendered necessary by floods.
New York
The Board
of
Cotton Exchange— New Commission Rule.—
Managers of the New York Cotton Exchange
have approved an addition to the pre-ent by-laws of the Exchange, covering a new commission law.
The proposed law
is to be considered by the members at a meeting on Friday,
May 18, at noon, and if adopted will go into elf act July 1,
The new law names the minimum rates of commission
1900.
which may be charged on transactions as follows
Five dollars for each and every 100 bales bought or sold when the
transaction is made for any person not a member of the Exchange,
:
making the round transaction (buying and
selling) $10, this rule being
equally applicable to extension or transfer of contracts from one
month to another.
—
—
..
THE CHRONICLE.
954
Two dollars and a half for each and every lOO bales bought or pold
when the transaction is made for a member of the Exchange, making
the round transaction (buying and selling) $5, this rule being equally
applicaole to extension or transfer of contracts from one month to another.
Fifty cents for each and every 1 00 bales bought or sold by one member for another, givinsr up his principal at or before the close of the
Exchange on the day of the transaction.
Excepting where a member is employed by another member under
a stated salary, in which case the member so employed shall not be
permitted to do business for any member other than the one by whom
he is employed, except for his own account, and only in the manner
prescribed by Sections 10 and 102 of the iiy-laws.
Fitty cents tor each and ev ry 100 bales of purchase or sale where
one member gives to another member at the close of the ExcUange
purchases and sales of contracts made by himself during tbe day cor
responding in all respects except as to price, i. e., for clea-ance.
Any member who, at the request of another member, accepts a substitute of another ame as principal to contract on the day of the
trannaotion. wherein the price Is diffrrent from that at which the
transaction was made with the member making such request, shall
charge and collect from the member making such request a commission of 50 cents for eacti and every 100 bales thus substituted.
The above-mentioned rates shall be in each case the minimum com
mission which may be charged by any member of this Exchange, and
shall be absolutely net and free of all and any rebate, in any way,
shape or manner; nor shall any bonus or pro rata percentage of commission be given or allowed to any clerk or individual for business
procured or sought for any member of the Exchange.
The penalty for violating or ev cding, or setJKtng, offering, proposing
remising or agreeing to violate or evade the above by-laws concerning commission or brokerage in any way, shape or manner whatsoever.whefher by agreement, arrangement or understanding, expressed
or Implied, either directly or indirectly. In person or through any firm
or CO partnership of which he may be or may appear to be a partner,
or through any agent or agentp, or otherwise, shall be, upon conviction.
(a) For the first oflfense, suspension for a perioa of not less than six
nor more than twelve months, the term of suspension to be fixed at the
discretion of a majority of the Board of Managers present at a meet1
ihg thereof;
/bj For the second offense, expulsion. In the latter case the membership of the party expelled shall be disposed of forthwith, as pro
vided in Section 28 of the by-laws.
Proceedings for the suspension or expulsion of any member may be
taken by the Board of Managers themselves without previous complaint being made, or on complaint of one or memDers,.as providedjin
Section 30 of these by-laws.
Jute Bdtts, Bagging, &c. —The market for jute bagging
haH been quiet the papt week and prices are as last qaote(1,
viz., 73^c. tor 1% lbs and l%c. for 2 lbs., standard grades.
Car load lots at J^c. above mese price?, t. o. b. Ju^e butts
have baen very dull at 1 05c. for paper quality and l^^c. for
mixing to arrive.
SHiPPlNa News.
[Vol.
—
IjIVKbpool. By cable from Liiveri-ool we have the following statement of the week's sales, stocks. &o at that port,
Apr. 20.
Sales of the
week
bales.
Of which exporters took...
Of which speculators took.
Sales American
Forwarded
Total stock— Estimated
Of which American— Est'd.
Total Import of the week
Of which American
Amount
afloat
Sat'day.
8pol.
Market,
6 ,000
4'.,000
117,000
110,000
200
66,000
7,000
53,000
6.53,000
54^000
43,000
3'
,000
63,000
50,000
Fair
Vlid.
57i«
57i.
10,000
10,000
19,000
500
500
500
£00
18,000
1,000
Quiet.
Quiet.
Steady.
Steady.
Upl'ds.
lales
ipeo.
Good
8,000
business
doinK.
57,6
57,6
Aexp.
Firm.
demand.
Fair
business
doing.
57l6
10,000
500
Fuluret.
Market,
i:45 p. H.
Market,
4 p. M.
}
Steady at
^
}
(
partially
1-64 adv.
Quiet but
steady.
Quiet.
Quiet at
partiallr
1-64 dec.
Quiet.
Dull.
Quiet.
Quiet.
Ihe prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands. Low Middling
clause, unless otherwise stated.
I3F* The prices are given in pence and 6itKs. Thus
4 63 mean$
4 63-64d.. and 5 01 means 5 l-64d.
Men.
Sat.
May
5.
May 7.
Tues.
Mays.
Wed.
Tlinrs.
May 9.
May
10.
Frl.
May
11.
I212 1 14:5 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.
June-July.
Jtiiy-Aug..
d.
5 14 5
5
50
8ept.-Oot.... 4
49 4
371
759
Jan.-Feb
4 27 4
Feb.-Moh... 4 27 4
Mch.-Aprl'..
•
d.
d.
d.
d.
22 5 22 5 22
20 5 20 5 20 5 20 5 20
18 5 17 5 17 5 18 5 18
15 5 15 5 15
15 5 15
07 5 07 5 07 .'i07 5 07
4 50 4 49 4 50 450
38 4 37 137 4 37 4 37
32 4 32 4 31 4 32 4 32
30 4 30 4 29 4 30 4 30
28 4 28 42' 4 28 4 28
27 127 4 27 4 27 4 27
.«>
d.
d.
d.
d.
5 22 5
5 20 5
18 5
5 16 5
5 08 5
4 50 4
2 5 21 5 20
20 5 20 5 IW
.1
18 5 17 5 17
l.-S 5 15 5 14
07 5 07 5 06
50 4 49 4 4H
4 -IS 437 4 37 4 3h
4 32 4 32 4 31 4 30
d.
d.
5 20 =>
5 19 5
ft 17 5
5 14 5
5 07 5
4
4
4
4 30 4 30 4 29 4 28 4
4i8 4 28 4 27 4 27 4
4 28 4 27 427 4 2t> 4
••
48
36
30
28
27
26
19
18
16
14
06
4 48
4 35
4 30
4 28
4 26
4 25
....
311
100
— —
BREADSTUFFS.
Fries-
200
land. 100
To uenoa. per steamer Aller, 1,0^0
To Naples, ptr .steamer Aller, 200
To Triesie, per steamer Peconic, 751
To Venice, per steamer Peconio, 290
New Orleans- To Bremen— May 7— Steamer
54< ,000
Fair
Oot.-Nov.... 4 36 4
Nov.-Deo... 431 4
4 29 4
Deo.-Jan
4,301
65 ,000
55^,000
72,000
66,000
141,000
128,000
H
71,000
1,400
f«,000
63,000
670,000
56 ,000
92,000
77,000
74,000
66,000
demand.
Aug.-8ept...
...Koenigen Luise, 3,876
5»>,000
38,000
10,000
65,000
647,000
Fair
New Yokk—To
To Hambaig. per steamer Batavia. 311
To Rotterdam, per steamer Spaarudam, 100
To Antwerp, p-r steamers British Trader, lOo
26,000
5,000
^
5 20 5
5 17 5
—
bOO
100
demand.
)
i:45 p. M.
May-June.
1.140
1,639
.100
57,000
2,100
100
50,000
Monday. Tuesday. Wed'day. Thurtd'y Friaay.
5 21 5 22 5 22 5
1,140
39,000
May
t
May
To Hull, per steamer Buffalo. 1,639
To Manchester, per steamer Holbein, 371
La Champagne,
To Havre, per steamers Caprlvi, 2i2
502 upland and )5 Sea Island
To B^^men, per steamers Kaiser Wilhelm der Grosse, 425
29,000
May i
Of which American
ne Luue ol one Ldverpuoi Luarkei £01 spots aijd futufes
each day of the week ending M^y 11 and the daily closing
prices of spot cotton, have been as follows
—
Liverpool, per steamers Ivernla (additonal),
Apr. 27.
200
Actual export
As shown on a previous page, the
the United States the past week have
from
cotton
exports of
reaohed 38,lii5 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
Total balea.
LXX.
1,060
Friday,
200
May
11, 1900.
7.'il
There has been only a limited amount of activity to the defor wheat flour. No changes have been made in quoted
8,932
May 10— Steamer Silverdale. 4,6o0
694
fJercynla,
(i91
prices,
but owing to an easier market for the grain the tenMay
.'i—
Steamer
To Hamburg—
May 7—
To Barcelona— Mayj 7— Steamer Junto, l,iv:0
Jobbers as a rule have
5,764 dency has been in buyers' favor.
Steamer Coude Wilfredo 4,H44
1,308 been slow in placing order.', aud the disposition generally
Galveston— To Hamburg— May 7— Steamer Niceto, 1 308
3,18 j
Savannah- To Bremen— May 9— Steamer Mandalay, 3 18?
shown has beea to keep purchases close to immediate reBoston -To Liverpool— April 3'>— Steamer Cestrian, 3.162
3,4'^0
May 4- Steamer Kansas, 3'8
There has been some export demand, moderate
quirements.
100
To Yarmouth -May H—Steamers Prince Arthur, 100
2,109
April
30—
Steamer
Indore,
Liverpool—
2,109
To
BALTIMORE—
sales being made to the Continent and S )uth American mar300
To Hamburg— M->y 4— Steamer Bengalia, 3C0
City mills have been steady. R(?e flour has had a
kets.
Fatapsco,
May
Steamer
203
2
-April
30—
To Rotterdam
May 4— Steamer Queen Wil—Steamer Tabasco, 400
sale at unchanged prices. Corn meal has been
moderate
1,103
helmina, 500
quiet, and prices have weakened following a decline in the
290
Africa. 4,302
.--
Total
mand
38,105
grain.
shipments have been 18,076 bales
To Japan
from New York, 5,050 bales from Baltimore, 43,240 bales
from Galveston, 35,359 bales from New Orleans, 9,650 bales
from Pensacola, 14,352 bales from Savannah and 173, C9l
bales from Pacific Coast. To Cnina. 6,974 bales from New
York, &c.
Speculation in wheat for future delivery has been quiet
and there has been a gradual sagging of prices. The decline
has been most pronounced in the May option, the result of
moderate deliveries on contracts. Early in the week tame
foreign advices and large world's shipments had a weakening
influence; then followed a slight rally as the European mar-
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, &c.
Btrathgyle, steamer (Br.), from San Diego, with 5,991 bales of
cotton, for Japan, has been on ttrd at Kobe.
since Sept.
Satur.
Mon.
lue:
27
35
80
27
35
30
27
35
30
33«35
33^35
33-3(35
^6
c.
27
40
30
33
35
35
47
47
47
e.
27ifl
d5
35
47
47
47
26
40
35
35
47
47
47
26
40
35
35
47
47
47
26
^32
"32
Ha
B32
kets turned steadier. The weather conditions in the wheatgrowing sections were reported less favorable and there was
a larger decrease in the v\orld's visible supply than expected,
Wednesday the market was again easier, prices for the day
showing a fractional loss under absence of speculative interest and liquidation in the near-by months,
Thursday
prompted by deliveries on May contracts.
there was a dull market, the trade awaiting the Bureau reprices weakened slightly in sympathy with easier
port
foreign advices. Bu3ine.ss in the spot market nas been quiet,
and under moderate offerings prices have been easier. Today the market was fairly active but at lower prices. The
Bureau report was better than generally expected and this,
together with continued large Argentine shipments, weakened prices. Business in the epot market was active, exporters being free buyers at the decline in prices. Sales for
export here and at outports were 800,000 bushels.
DAILY OLOSIHO PBICE8 OF MO. 2 BSD WIIfTBB IN NETF YORK.
fri.
Mon.
8at.
Tues.
Wed. Thurs.
7838
80ie
7938
79»«
7939
79%
Cash wheat f. o. b
^16
he
^16
»16
July delivery In elev
Cotton freights Ht
Liverpool
c.
Havre
Bremen
e.
c.
Hamburg
Amsterdam
c.
c.
Rotterdam
c.
Reval, v.Br-Hamc.
Do V. Hull., c.
Do
V. 3t.
Genoa
Pet
1
New Vnrk
Trieste, direot...c.
42>fl
Antwerp
^32
d.
Ghent, v.Antw'p.d.
^1«
Qaotationa are cents per 100
35
47
47
47
26
40
lbs.
thp unpr week havp hpec:
Vednet. Thurt
Fri.
27
35
80
27
85
SO
38935 33®35
85
35
47
47
47
26
40
40
or fraotions of a penny per
lb.
;
May
73i8
delivery In elev
Sept delivery
In elev
—
73 ^4
73 'a
Tiht
723b
7278
7238
12^
7319
TlSg
7278
73 »«
73 \
73 08
7m
72»8
7373
70»e
71^
72J«
—
May
THE CHRONICLE.
12, 1900.]
DAILY CLOSmO PRICKS OF NO. 2 8PBIITO IM CHICAGO.
Wed.
Tueg.
Thurs.
Sat.
Hon.
Fri
e'Sg
65'^8
es^a
eS'j
6414
May deUvery in elev
65^
6738
6719
6738
67^8
67
July deUvery In elev
659i
Speculation in Indian corn futures has continued moderately active, but it has been at lower prices. Advices received from the corn belt have reported planting progressing
favorably and the reports from the interior markets have
been to the effect that farmers have been slightly freer sellers, although the country acceptances have continued very
moderate. These developments have prompted liquidation by
more aggressive selling by bear
operators, under which prices have steadily weakened.
Business in the spot market has been fairly active, as exporters have been buyers at the decline in prices. To-day
the market was weaker, in sympathy with the decline in
wheat. The spot market was fairly active. Sales for export
here and at outports were 500,000 bushels.
YORK.
DAILY CL08IN0 PRICEB OP NO. 2 MIXED OOBN IW
Wed. Thur».
Mon. Tues.
Sat.
Fri.
441^
4514
44»3
4318
4558
Cash corn, f. o. b
44H
longs and there has been
NEW
May
delivery in elev
July delivery in elev.
Sept. delivery in elev
44 ''8
4438
44
44'78
4439
4538
4518
4538
44%
DAILY CLOSING PRICES OF NO. 2 MIXED CORN
May
delivery in elev
July delivery in elev
Bept. delivery in elev
..
Sat.
Mon.
Tueg.
3919
40i8
3858
3913
39^8
3816
4
Qi^
39
SaJfl
4318
4338
421a
4418
4414
4314
4438
4458
4353
IN CHICAGO.
Wed.
Thurg.
Fri,
37%
3658
37%
SS'^e
37%
385b
3938
39
Oats for future delivery at the Western market have been
and there has been a gradual easing of prices. Crop
prospects have been generally favorable, and this, together
with selling to liquidate long contracts and sympathy with
the decline in corn, have been the principal depressing facThe local spot market has baen easier. Daring the
tors.
latter port of the week business was moderately active, as
there was some buying by exporters at the lower prices. Today the market weakened, following the decline in other
Sales for export were
grains. The spot market was easier.
quiet,
100,000 bushels.
DAILY CLOSING PRICES OF OATS IN
No. 2 mixed In elev
No. 2 white In elev
The following comparison for a number of years cover
the condition of winter wheat in the leading States:
CONDITION OF WINTER WHEAT.
1900.
1899.
1898.
Statea.
April.
Ohio
Indiana
47
51
Illinois
88
Missouri
California
Oregon
New York
Pennsylvania.
Tennessee...
Kentucky....
101
59
44
86
101
101
eo
81
101
f9
75
98
100
94
100
105
82-1
ssT'
91
99
67
90
100
81
73
90
9i
Kansas
Michigan
.
,
Maryland
90
90
Virginia
Texas
Av'ge whole country.
May. April. May.
86
72
74
S2
68
54
65
64
7.3
66
75
93
85
85
89
60
June April. May. JWM.
73
63
38
60
53
45
81
87
88
77
76
80
85
75
81
101
92
62
102
92
92
95
97
98
82
87
86
88
87
95
81
96
105
95
26
105
100
96
95
102
101
110
104
97
33
107
71
96
88
91
86
78
74
76
88
80
83
78
67
79
72
77
86
88
99
98
104
92
7«-2
67-3
86-0
86-5
90-8
71
101
93
Government Weekly Grain Report.— Mr. James
Berry,
Chief of the Climate and Crop Bureau of the Agricultural
Department, made public on Taesday the telegraphic reports
on the grain crOk)S in the various States for the week ending
May 7, as follows
Weather.- Rain is now very generally needed northward of the
Missouri and Ohio rivers. Including Kentucky and portions of the
Middle Atlantic States, the lack of moisture being most seriously felt
in Michigan and portions of Wisconsin, Minnesota and North Dakota
while a large part of Texas continues to sufter from the eflfeots of the
excessive rains of the two preceding weeks. Phenomenally heavy
:
rains for the season occurred in California, eppeciallyonthe Southern
coast, causing some damage, but on the whole they were greatly
beneficial. The temperature conditions over the Northern and Central districts west of the iviississippi were highly favorable, but it was
much too cool in the Lake region, Ohio Valley, the Middle Atlantic
States and New England, where frequent frosts were more or less destructive.
NBW^ YORK.
Corn.—The
8at.
Mon.
Tueg.
Wed.
Thurg.
Fri.
28
27%
29%
2713
291*
2914
27%
27%
27ifl
30
956
2914
29
2958
2914
2858
May do in elev
29%
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Wed. Thurs.
Sat.
Mon. Tues.
Fri.
22i8
2212
2258
225^
23
23%
May delivery In elev
22i8
23ie
2338
July delivery In elev
22%
22%
22%
dry weather has retarded corn planting in the
and Mississippi valleys and Lake region, but very
favorable progress has been made In the Middle Atlantic States. In
the States of the Missouri Valley the conditions have also been generally favorable for planting, except in Iowa and Nebraska, where,
cool,
States of the Ohio
however, a good start has been made. Some corn has been planted in
the Dakotas, but in Minnesota fa.rmers are waiting for warmer
weather and rain. In the Southern States the reports concerning com
are generally favorable, except in Florida and portions of Texas.
Winter Wheat.— Owing to low temperatures and absence of rain
winter wheat has made slow progress in the States of the Ohio Valley,
Rye has had a moderate sale for export, but at slightly and complaints of serious injury by fiv in Tennessee and rust in South
Carolina and Georgia are rep rted. In the Middle Atlantic States and
Barley has been quiet but steady.
lower prices
generally to the west of the Mississippi the crop has made good progFollowing are the closing quotations:
°
ress, the reports from the Pacific coast being especially favorable.
FLOUR.
Spring
Wheat.—
Some
slight
damage to spring wheat bv heavy
Fine
Patent, winter
$2 20 92 45
$3 60 ®3 85
frost and high wind is reported from North Dakota, and the late sown
Superfine
Cltymllls, patent.. 3 90 -814 20
2 25 ®2 55
in
Wisconsin
needs
rain,
but
generally
throughout the sprlnsr wheat
Extra, No. 2
2 35 '3)2 65
Ryeflour.auperflne 2 90 ®3 55
region the crop is doing well.
Extra, No. 1
2 45 •312 90
Buckwheat flour
-a ....
Oats.—
The
previously
reported
favorable outlook for oats continues
Cleajs
2 85 ®3 40
Corn mealunimpaired, except slight deterioration in portions of the Ohio ahd
Straights
3 40 -as fO
Western, etc
2 40 -312 45
Mississippi
valleys,
where
growth
has been checked by cool, dry
Patent, spring
Brandy wine
3 60 ®4 30
2 50 ®
'
weather.
(Wheat fiour in sacks sells at prl 00s below those for barrels.)
Tobacco.—
Tobacco
plants
continue
plentiful, and are large enough
GRAIN
for transplanting in Virginia and Tennessee.
The bulk ol the crop
Wheat, per busn.—
Corn, per bush.
0.
c.
c.
0.
has
been
planted
in
South
Carolina.
Hard Duluth, No.l 74 •a»76i8
4 % ©43 34
Western mixed
Fkdit—
Most
of
the
reports
respecting
fruit continue encouraging,
41i4®43%
N'therQ DuL, No.l 72i4'a>74i«
No. 2 mixed
although portions of the Lake region, Ohio Valley and Northern New
Red winter. No. 2. 76ia®7838
Western yellow
41%®4358 England
experienced
very
trying
temperature conditions.
N'thera N.Y. No.l. 70 ®7178
41''83>43%
Western white
Oats— Mtr'd,p.bu8h. 27 ®28i3
Rye, per bush—
The movement of breadstuffs to market ao indicated in the
28ia®34
56iaa>60i4
White
western
statements below is prepared by us from the figures col27isa>28ifl
No. 2 mixed
State and Jersey
57 -361
lected by the New York Produce Exchange. The receipts at
No. 2 white
29 ®30
Barley—Western
51 '854
43ia'3i50
Western lake and river ports for the week ending May 5,
Feedlns:
AaRICULTURA.L DEPARTMENT Report on Cereals, &c.— and since Aug. 1, for each of the last three years have been:
The report of the Ddpartment of Agriculture showiag the
«««tl>ta ai-flottr.
Wheat.
Corn.
condition of cereal crops OQ^Miy 1 was issaed oq the^lOth
Oats.
Barlty.
•«.
inst., and is as follows:
BbU.\9mhi BM«h.60ll» Bu«?t.56lbt B«»h.32iZ)» BuMh.iSlbi Bw.66 lbs.
84,456
Returns to the Statistician of t'^e Department] of Agriculture made Ch oaifo...
290.750
1,043,850
1.274.450
138850
25,500
up to May 1 show the area under winter wheat in cultivation on that Milwaukee..
81,025
147.000
30,6'
1S2.800
81,160
11.700
date to have been about 26,585,000 acres, or 3,563,000, or 11 '8 per
niotii
170,570
531,804
34,216
1,249
4,342
3,164
cent, less than the area estimated to have been sown last fall. The
^iiineapolls.
4,500
1.215,890
36,810
170,250
19,320
13,630
reduction in acreage in the principal States, owing to the winter
Toledo
23,200
20.760
320,776
4«,000
F.OOO
killing and the ravages of the Hessian fly, is as follows: Indiana,
1,000
lotrolt
6,200
43,841
62,085
1,603,000; Ohio, 969.000; Michigan, 317,00 j; Pennsylvania, 158,000,
17.400
43,000
1.664
and Illinois, 137,000 acres. For the area remaining under cultivatioa Jlevelsnd...
51,3?8
205.537
177.912
6-2
the average condition on May 1 wlas 88"9. While this average is
«. Loul* ....
24,390
62,204
171,375
162.300
8.750
3,750
poluts above the mean of the averages of the last ten years, and|has
eorla
28,900
5,200
279,865
210.000
85,600
2.400
btv'u exceeded only three times in fifteen years, it must be rememlaniai City.
225,560
96,750
62,000
bered that the acreage plowed up, cut for forage (except in California,
where it is not yet definitely ascertainable) or otherwisel abandoned
Tot.wk.l900
422,241
2,584,037
2,271,879
298,312
2.231.961
65,808
has been entirely eliminated. The high averages of condition rewk.'99.
4sme
277,402
2,301,690
2.679.387
3,669,040
237.318
101,511
ported last month for Kansas, Missouri, Texas and other more or less
336,839
4,634,102
5.489,441
4,381,323
450,723
important wheat-producing states that have escaped the ravages of jame wk.'QS
303,621
the tty have been fully maintained, and on May 1 nearly one-half of *3ince Aut. 1.
the entire winter wheat acreage remaining under cultivation reported
1899-1900... 16,695,818 179,354.471 180,177,333 132.104,( 79 38,562,080 6,862,183
a full normal or still higher conditlou.
1898-99
11,568,63s 234,470 701 170,891,639 134,150.f57 33,541.653 9.478,781
The average condition of winter rye on May 1 was 88'5,| as com- 1897-98
9,019,082 194,859,337 191,481,464 113,890,707 33,026.126 9,723.174
pared with 85-2 on May 1, 1899; 945 on May 1, 1898. and 89-7, the
mean of the May averages lor the last ten years. Pennsylvania and
The
receipts of flour and grain at the seaboard ports for
New York, with 42*1 percent of the total winter rye acreage of the the week ended
May 5, 1900, follow :
country, report conditions 11 points and 4 points, respectively, below
their ten-year averages. Kansas, which ranks third in the scale of
(our,
iVneat,
Corn.
Oatt,
Barley
Syt,
ii«e«ipta at—
bbU.
bu«h.
bu$h.
acreage, reports the high average condition of 107, the highest averbush.
bush.
bush.
SewYork
93.678
949,060 2,315.760
424,200
210,100
076
age reported on May 1 of which there is any record.
3oston
490,7f6
24,646
311.920
198,773
7,669
The average condition of meadow-mowing lands on May 1 was 908, Montreal
19,466
306,381
138,586
'26,660
41,836
7.825
Philadelphia
68.347
112.315
against 849 on May 1, 1899; 929 on May 1, 1898, and 91-3, the mean
797.208
l-n,221
4,800
6P.112
Baltimore
61,383
757,156
181,571
01 the May averages ol the last ten years.
i4,'637
S[ew
Orleans*
16.927
120,000
389,000
ia,795
The average condition ol spring pasture was 9l"3, against 83"5 on Charleston
8O1.
,
May
1, 1899; 912 on May 1, 1898, and 90-9, the mean of the May
averages of the last ten years.
Spring plowing is more or less late in almost every State in which
its condition is a matter of any especial significance. The only notable exceptions are Pennsylvania, Kentucky, Illinois, Kansas, Missouri
and Arkansas. The work already done in the country at large is estimated at 68'4 per cent ol the total contemplated, the proportion
usually done by May 1 being about 75 per cent of the whole. In South
Carolina, Alabama, Mississippi and Texas the work is later than In
any year for which records are available.
.Newport
Norfolk
News
36.668
J-aiveston
Pensaoola
St.John, N.
21,000
65,772
B
Total week
Veek 1899
1.153
857
308,639
278,576
82.603
2,151,663
l,8!i6,831
474.041
26,000
6,600
1.600
10,799
6,166,811
3,76d.415
1,058,198
1,536,63d
Receipts do not include grain passing throiurli
ports on through bills of lading.
*
8.486
230,394
21,200
60.147
214,110
New Orleans tor toreUm
—
:
THE CHRONICLE.
956
Total receipts at ports from Jan. 1 to
follows for four years:
BectipU of—
Wloni
,
Barley...
Bye
1809
5,
compare as ments has ruled slow at previous prices. Cloakings inactive
and irregular. Dress goods dull throughout. Staple lines
1900.
7,312,172
7,342,154
1898.
6,838.699
1897.
5.400,892
bnita. 22.646.166
"
63.777.953
"
23.428,347
"
6.415.899
"
618,976
33,394,049
67,678.070
21.861,401
1,242,440
2,573.035
31.824,539
79,816,179
85,485,838
2,471,982
5,841.403
8,686.192
78,016.454
114,837,881
116,148,995
155.439.889
113.342,982
bbU.
Wheat...
Oor&
Oata
May
Total Kraln....
20,559,l<ii9
3.917.P41
2,183,206
several seaboard ports for the week
ending May 5, 1900, are shown in the annexed statement:
Peoi,
Wheat
Corn,
OaU,
Bve,
Sarley,
Flour,
Maspprts from— bwh.
biish.
bu$h.
bush.
hu$h.
buih.
Hew York
451,3 19
674,364
126,733
74.264
7,520
3,807
157,435
steady; fancies irregular. No change in flannels or blankets;
business quiet but prices steady.
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending May 7 were 12,289
packages, valued at |593,033, their destination being to the
points specified in the tables below :
The exports from the
Boston
Me
Portland,
225,231
47,072
97,381
27,200
48,000
297,800
871.478
747,276
613,707
26,000
474,041
1U.«&3
230,000
86,277
47,656
55,795
Phlladelplila..
Baltimore
New
393,268
Orleans..
Norfolk
Kewp'rt News
Montreal
ealveston
Charleston
Pensacola
Bt. John. N.B.
24,000
30,491
93,6u0
eg.ssB
1.813
.
•••>•••>
857
10,799
548.376
888.5a7
1,
—
-Flour.-
MxporUTor
week and tinet
Sept. 1
to—
wr««*
May
Since Sevt.
1,1899.
5.
obu.
bhit.
United Kingdom 234.364
Continent.
B.&C. America.
West Indies
Br.N.Am. Colo's
Otherlooontrles
Total
Total 1898-99....
6,870,680
1,624.180
696,216
97H,797
148,283
286.156
9w,4T6
28,290
2.=.,414
6.7ol
12.100
401.355 10,455,312
380.108 12.738,080
16,005
132,«72
76,388
61,119
Wheat,
In
store
at—
week and
since
Whe at.
,
-aorn.-
^^ee}( Since Sfpt.
Since Sept.
5
1. 189«.
May 5
1, 1899.
hush.
bu$h.
ousti.
bush.
991,997 36,0'i9,033
1,889.045 61,436,668
1,617,8-0 69,332 518
661,717 24,287,120
10.899
t05
1«3,«3S
300
300
20.181
746,243
32,710
425,811
846,003
67,273 1,431.403
TVeeli
1,644.014 59.733,354
1,672,569 98,957,497
Boston
Philadelphia
Baltimore
New Orleans
Galveston
Montreal
Toronto
Do
Do
3,527.694 133,546.578
3,341,303118.819.291
649.000
2,815.000
1,322,000
177,000
75,000
89,000
Barley
hush.
323,00t
i5i,'oo6
221,000
401.000
77.060
21,066
746,000
8.000
1,157,000
111,000
59.00c
25.00C
280,000
82a,6ob
802,000
1,00»
268.000
239,000
14.000
8,000
viuv
6,576,000
1,937,000
808.000
221,000
10,000
1,000
1,282,000
878,000
161.000
69 001
879.000
688,000
22 .000
168 000
141.000
85,000
356,000
494.000
112,000
656,000
97,0C0
83,000
4.000
86,000
40,000
145,000
50,000
63.000
18,137,000
21,917,000
7,038,000
7,987.000
7,950.000
9.534 000
10.896.000
1,00«
afloat
11,873
afloat
afloat
....
afloat
Minneapolis
Bt Louis
11,041.000
864,000
afloat
Kansas City
1,202,000
86,ooo
107,000
Peoria
Indianapolis
On Mississippi River.
OnLakes
On oanal and river.
.
.
-
8,924.000
199.000
OMna
4
8,915
India
4
Total
8,898
157,012
i",846
384,000
159,C00
Foreign Dey Goods.— In all departments business in imported merchandise has been slow. There has been no giving way on prices of dress goods, but silks show some irregularity.
Ribbons dull and easy to buy. Linens steady but
slow of sale. Burlaps inastive and irregular.
Importations and W^arebonse 'Wltbdra^vals of Dry GooAs
The importations and warehouse withdrawals of dry goods
at this port for the week ending May 10, 1900, and since
January 1, 1900, and for the corresponding periods of last
year are as follows:
13.000
412 00»
2J,000
1.195.000
1, 9y,ooc
1,60 4. 00«
610,000
®
o
l,6i;9,O0C
a',
Exclusive of New Orleans, Galveston, Ft. William and Port Arthur, but
Including Albany, Oswego and Cincinnati, now omitted.
«:
1900. 49,825.000
28, 1900. 62,471,000
6, 1^89* 27,468,000
7, 1898* 22.628,000
8, 1897* 31,862.0(0
5,
166,982
47
431
128
277
876
189
89,499
1,318
20,369
5,628
10,781
1,787
3,424
19,237
3,652
The value of the New York exports for the year to date has
been $6,820,001 in 1900, against $5,490,047 In 1899.
The home trade are buying heavy brown sheetings and
drills in limited quantities only, for which they paid current
prices.
Export buyers are making occasional low bids, but
One or two have
as a rule sellers are turning these down.
gone through at prices considerably below quotations for the
home trade. Light-weight and fine brown sheetings are
steady but dull. No change in ducks, and brown osnaburgs
Orders for bleached cottons are small in all
irregular.
grades. Ticketed goods in medium and fine makes continue
steady, but unticketed goods and low grades are irregularly
in favor of buyers. Wide sheetings slow but steady. Cottonflannels and blankets firm. Denims, ticks, plaids and other
coarse, colored cottons in quiet request, but with small ready
supplies prices are steady. Kid-finished cambrics and other
cotton linings slow and barely steady. Staple prints without
change in price, and selling in moderate quantities. Fancy
prints slow of sale and irregular in price. Ginghams steady
in both staples and dress styles. Napped goods for fall well
sold and firm. Print-cloths continue idle in regulars, and
Odds dull and in favor of
Fall River nominal at 3j^c.
1,148,000
1,260.000
Total May
Total Apr.
Total May
Total May
Total May
12,289
1,585
Africa
WestlnclleB
41,0 JO
. .
328
41
162
480
755
108,798
7.032
14,410
1,276
9,229
1,346
4,876
15,701
3,264
8S7
430
25
79
buyers.
281000
Ft.WUl'm&Pt. Arthur 3,565,000
Duluth
18,827.000
Do
BV*,
hush.
118.000
afloat
Milwaukee
DO
1,408,000
Oats,
bush.
291,000
afloat
Detroit
Do
387,000
28,000
385,000
b9i,000
198,000
28,000
799,000
Toledo
Do
Ohloago
Do
biuh,
838,000
361000
Bnllalo
Corn,
691
359
15
Since Jan. \,
J^eek.
1.
542
May
btuh.
355,000
Great Britain
Other European.............
207,435
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, May 5, 1900, was as follows:
Mew York
Do afloat
Week. Since Jan.
South America
Other Oountries
below:
1899, is as
1899.
8,485
destination of these exports for the
September
1900.
Mav 7
Central America
•
1,151
401,835
360.106
time'99.. 1.672,569 3,3l3.303
The
..
800
1,600
32,003
Total week.. 1,644.014 3,527,694
Same
-
ta
Mexico
16.786
1,714
Nkw Vmiir
Arabia
60.000
•>--....
36,653
3,52a
LXX,
[\0L.
22,i'65.000
24,993,000
15.061,000
966.000
1,886,000
8,153.000
t^*
•
IB •
**
c>^: ©2.8'
SB
p: O
1^
1 2g:
°M O
O
11
:
c:
'
.
•
t
'
•
'
•
•
;
S:
£
C.H
%'•*'• a.
et
S
•
a
o:
i
3
I
p
rt
«
«
•
•
•
•
•
*
•
•
•
t
THE DRY GOODS TRADE.
•aw
1^
to GO
C0U<<)MO
oca to to <i
ili.
New
York, Friday, P. M., May 11, 1900.
The market for dry goods has again passed through a dull
week in all divisions at first hands. There has been a limited attendance of buyers, and spot business has been on a
restricted scale, while from salesmen on the road and customers direct orders have been on a decidedly conservative
basis.
Jobbers also report a slow trade in progress. The
general tone of the primary market is easy outside of leading
lines of merchandise, and while there is no positive pressure
to sell in any direction prices are tending in favor of buyers.
In the cotton goods division some stocks are accumulating,
but there are none on hand as yet of important dimensions.
The prolonged absence of buying on export account of any
moment is an adverse factor in the heavy brown goods situation.
The reports coming to hand concerning the retail
trade, while showing a considerable distribution in progress,
are not entirely satisfactory this week, as owing to unfavorable weather conditions the movement has hardly come up
A large retail trade is necessary to sustain
the wholesale markets, as retailers all over the country own
unusually liberal supplies of merchandise.
Woolen Goods,— This division of the market has shown
no improvement in the demand for men's- wear woolen and
worsted trouserings and suitings. The orders coming to
hand have been for limited quantities, and chiefly from cloth
jobbers. New business from the clothing trades has been
practically offset by cancellations on account of sellers being
backward with deliveries of sample pieces. Clothing trade
conditions are irregular and in a number of instances reported
unsatisfactory. Staple lines of both woolens and worsteds are
generally in good shape and steady, but fancies show considerable irregularity. Business in the overcoating departto expectations.
H -Q >- M
w
tOMMM
.r^o
COtOMMM
MOl
to OS
M03
-q<IMCCCO
l^tOM<ltO
•fl
^MMC;i|^
to
CO CO -J 10 CO
COOOO-4CO
f is
M*
o^
M
Ml-'
MO
MOO
-4«
Mboooocn
MS:
too«
_MCO<|Mp
QOQolsbjW
MOl
b3CX3i-«tOM
<1(0
<ICO
"b:bo3W<l
CO 00 OKI 03
Mlf>.0D0aO
tats
to
0<JW©rf^
colowosl-'
(OUiMCOl^
to to
03 «3
was
MM
001^
u
OOOlMO
'to
0500 CO
"toloMVib
CD CO ^1 O <1
Olf'QOMOS
C0WW^50J3
<103
MOO
00
If-
i
1
WM
M to *> to to
COO
OCO
OlWWMtO
tfkopw®
po<
03
Vj-^Vioo'to
12,197
7,601
to
00
'q to M
I^OitOODO
*• ~4 1^
oS
o'a
WM
MMMMM
* 03 03 tow
tOM<l<ICO
M<l<Jt0 05
MCK tOOOO
00
>-•
Qo
co*if»^boo
b'^'cocnl^
o w to w
CDM03 ~00
CO
M
CO
cog-
s
C0Ol("C003
"co'cooi'i>'%
'*: c;i
8.
l^09C0lf>.M
'it-'^
CO<I
co<i
•
03Ol^Ut0
to
OI
coco
s
Tl
0)09MOD|<^
OlCOOo'ikVl
Vi'.-m'oVi
05xi*"O_'=_
ODCOMCnCO
COCOMOllfe
OOO
u>^
U09WCOM
bOtOOOOOSW
coco
*'
MOD
"cooo
to
lf"g»03O00
00 03 to -J to
(SKI
(0 03 CO
CO to OO 00^
l^tO
tOM
COOQMMCO
0> CO
(t>.<IC0CCO
—
00
to
CC
VI CO to
M«J
OOO
—
M <JMMM
to
M <1 MW W CO
CO
COO>C0 W03
<1
CO^OOC.<lOO
•
If
M
OJtO
If"
CO
OitO
IblU
03 to
«0<I
OOiOmM
«it0 0>^<I
03M
CO
O3C0
*>.o
'too
'lOCOMOlOO
if^CO
'to'^
If" 00
COtOCOMW
03CJI
K"-
mOi
OOOODCOtO
CO
03 03
CO
ow
to 03
ob
oo
(0 03
CO to
*>-w
030
MCO
to CO CO CO
o
coM^if^co
~j CO
mo CO
OJOOOsbM
Koococno
WtOCOlF^CO
0-4
COW
tOM
O03
©*
it-c;<
OJCO
i^l^l^.<ICO
CHW wooo
"co"— biooo
lfktOOi~J|f"
^tOMOIM
i;"C33 ODWOO
*"M COvlODW
"tOM
mco ctoo
CO 00
-"
-
CO*Q
>JmO
to
to
en
CWtOtOlfeM
Qo<ito<>eo
oowcsao'co
M|«i.WtOCO
<I0DiOCOQD
j^^-ao3ow
M MtOM
M
j^jkcopw
lo CD cob
1^.00 00
mII!
- a
coo
cnwb'bib
03 00
03 33
o;««jK 00
'-C
bwMtow
CO 03 36
CO
CO
l("
(oc-.pp*-
»JOMlt"0
osMOs woo
oooco — »0
"oj'ccco'b"'*'-
CXMOOUiCO
•O
CT3 -^l
to CO
J
—
———
May
— ———
—
—
.
THE CHRONICLE.
12, 1900.J
the National
Oct.
957
Bank
of
district called for
Items.
Allegheny County, Pa.— Deb^ Statement.— We print in
another column the debt statement of Allegheny County revised to Jan. 1, 1900. It will be noticed that the maturity of
the compromise bonds is given as Jan. 1, 1913, the date of,
January 1» 1940, reported in former statements having
been an error. These bonds, under the Act of 1863, are redeemed at the rate of $25,000 yearly, the lowest number outstanding being called first.
CJnciiinati,Ohio. Annexation Ordinance Passed.— On May
7, 1900, the Board of Legislation passed an ordinance providing
for the unnexation of the following villages and hamlets
under the Greater Cincinnati bill passed by the late Legislature Addyston, Arlington Heights, Bond Hill, Carthage,
College HiU, Delhi, Elmwood Place, Evanston, Fern Bank,
Hartwell, Home City, Hyde Park, Lockland, Norwood, Pleasant Ridge, Reading, Oakley, St. Bernard, Riverside, Wyoming
and Winton Place. An election will be held May 29, 1900,
in Cincinnati and in the entire territory sought to be annexed for the purpose of approving or disapproving the proposed annexation. A majority of the votes cast in the entire terrritory to be consolidated will decide the question.
Fremont (Neb.) School District.— £onds Invalid.— We
are advised that the proposed issue of $89,000 high-school
bonds mentioned in the Chronicle April 7 has been declared
invalid, on the grounds that a majority of the votes cast at
the election was necessary to authorize the bonds and not a
majority of the votes cast for the bonds. As the securities
did not receive the requisite number of votes, under this
ruling they are illegal.
Olympia, Wash. Warrants lUegaL-The following dispatch from Olympia, Wash., dated April 29, 1900, appeared
in the Portland " Oregonian
:
St. Louis.
Bonds are dated
"istrlct.- Bond Call—Thia
6, 1900, at the Farmers'
Bank of Chariton County, Keytesville, bonds Nos. 22 to 24,
inclusive, issued Dec. 31, 1887. Bonds are in denomination
Keytesville (Mo.)
News
Commerce,
1888.
1,
School
payment May
of |100.
La Plata County, Colo.
were called for payment
Bank, Chicago
Bond Call.— The
May
1,
1900,
following bonds
at the First National
:
funding bonds, series "A." Denomination $J,000. Bonds Nos. 1 to
10 dated Feb. 29, 1888, and Nos. 11 to «6 dated April 6, 1888.
14.600 0% funding bonds, series " B." Denomination 8500. Bonds Nos. 1 to 18
are dated Feb. 29, 18fe8, and Nos. 19 to 29 April 6, 1888.
4,700 6% funding bonds, series "C." Denomination $100. Bonds Nos. 1 to 26
are dated Feb. 29, lb88, and Nos. 27 to 47 April 6, 1888.
$60,000
6!{
will also be made at the same time and place of
road and bridge bonds up to and including No. 39 and
Payment
all 8%
dated April
1,
1883.
Warrant Ca/Z.— Ralph W.
Hoyt, County Treasurer, has called for payment county warrants, Class C, drawn upon the road fund, that were presented and indorsed "Not paid for want of funds" from
July 1, 1899, to July 6, 1899, both dates inclusive. Interest ceased April 24, 1900.
South Dakota. Warrant Call. The State Treasurer has
called for payment all outstanding State warrants, amounting to $228,400.
Multnomah County, Oregon.
—
Tennessee.- Bonds Purchased.— The State Funding Board
has purchased $130,000 S% Tennessee bonds at 96 and accrued interest. Bonds were bought of the Sykes Banking
Co., Nashville.
Toledo, Ohio. Bond Call.- Geo. U. Roulet, City Auditor,
called for payment May 1, 1900, at the Importers'
Traders' National Bank, New York City, consolidated funding bonds Nos. 1001 to 1017 and 1021 to 1033, all inclusive.
Bonds are in denomination of $1,000, dated Oct. 1, 1879.
Virginia. Bonds Purchased.— Oa May 1, 1900, the Commissioners of the Sinking Fund purchased the following
A case has been decided in the Superior Court of Thurston County which bonds $80,000 d% bonds issued under Act of Feb. 14, 1882,
has the effect of declaring illegal some tSO.ouO worth of warrants issued by from Messrs. Thos. Branch
Co. at an average of 94*50;
the city. The case is that of Strahorn vs. Blake and the action was brought to
compel payment of certain city warrants on the general fund. The city, as $12,000 of same issue from Major Jas, H. Dooley at the same
defendant, set up the claim that these warrants were not a valid claim against price; $5,000, Act of Feb. 20, 1892 (centuries), at 92-75, and
the city, for the reason that they were issued after the city bad exceeded the
limit of indebtedness allowed by law. This contention was fully sustained by $10,000 same at 93 from Mr. Austin Cabell.
the Court.
Offer to Purchase Bonds. The Commissioners of the SinkPittsburg, Pa. Loan of 1900 Not Tax Exempt. In the ing Fund give notice that they will receive offers until 3 p. m. ,
financial report of the city of Pittsburg, which we gave in June 1, 1900, for the sale to them of $110,000 bonds of this
the April number of our State and City Supplement, the State issued under the Act of Feb. 14, 1882, and known as
statement is made that " All issues of this city's bonds are " Riddleberger bonds," or under the Act of Feb. 20, 1892,
exempt from taxation except the refunding water extension known as "Century" bonds.
Washington. Bond and Warrant Call. The State Treasloan." To this exception should be added the $7,000,000 '^li%
loan of 1900, which bonds are subject to taxation to the hold- urer has called for payment bonds Nos. 21 to 25, inclusive,
amounting to $25,000. Also general fund warrants Nos.
ers in Pennsylvania.
St. Paul, Minn.— iVew City Charter.— On May 1, 1900, the 52,601 to 55,995, amounting to $259,732 77.
citizens of this place adopted by a large majority a new city
charter which will go into effect on June 1, 1900.
this
Sny Island (111.) Levee Drainage District. Petition for
Writ of Certiorari.
of
petition for a writ
certiorari has week have been as follows :
been made in the United States Supreme Court asking that
Aberdeen, Miss. —Bond Sale.— On May 2 $10,000 5% 8-year
Court to review the action of the United States Circuit Court
refunding bonds were awarded to F. P. Jinkins, President of
of Appeals in declaring invalid an issue of $650,000 bonds of
the First National Bank of Aberdeen, at 103 26— an interest
this district. See Chronicle, V. 64, p. 343; V. 69, p. 1192,
basis of about 4 '51^.
V.
494.
and
70, p.
Aberdeen, S. Dak.— Bonds Voted.— At the election held
Travis County, Texas.- Bridge Bonds Not Invalid.— In
April
17 it was voted to issue $15,000 sewer bonds to bear
the April number of our State and City Supplement, on
interest at a rate not exceeding 5^. The details of these
page 180, the statement is made that bonds of Travis County
bonds are yet to be determined.
to the amount of $47,000 had been declared invalid.
have
Akron, Ohio.— Bond /SaZe.— On May 5 the $65,000 5^ tirebeen advised, however, that in case No. 267 (Wade vs. Travis
department
bonds were awarded to Denison, Prior
Co.,
County, Texas), October term (1898) of the United States
Cleveland, at 103-80. For description of bonds see ChronSupreme Court, these bonds, issued in 1888 and 1889 for
April 21, p. 805.
bridge purposes, have been held valid. The lower courts de- icle
Amarillo,
Texas.— Bonds Approved.— The Attorney-Genclared the bonds invalid principally because no actual levy
was made at the time the debt was created for the interest eral has approved an issue of $9,000 city-hall bonds.
Ashland, 111. Bonds Voted. This place on April 17 voted
and at least 2% for a sinking fund, as called for by the State
in favor of issuing $5,000 electric-light-plant bonds.
Constitution. The Supreme Court, however, overruled this
Baker City, Ore.— Bond SaZe.— On May 1 the $100,000 5^
on the grounds that the Act of the Legislature under which
20-year gold gravity water bonds were awarded to N. W.
the bonds were issued imposed the duty of levying an annual
Harris
Co., Chicago, at 106 •801— an interest basis of about
tax sufficient to pay the interest and to create a sinking fund 4
Following
'482^.
are the bids :
of not less than i% of the full amount of bonds, and that the
N. W. Harris & Co., Chicago.... 106-801 R. Kleybolte & Co.. Cincinnati.. 106-00
actual levy by the county of the required tax at the time of W. J. Hayes & Sons, Cleve
105-671 S. A. Kean, Chicago
100*00
Morris & Whitehead, Portland. 105-333
the issue of the bonds is not essential to their validity.
For description of bonds see Chronicle March 3, p. 444.
Battle Creek, Mich.—Bond Offering. Proposals will be
received
until 8 p. m.. May 14, by Geo. W. Hamm, City ReCalls
corder, for $10,000 paving bonds.
Cape Girardeau Township, Cape Girardeau County, Mo.
Belleyille, Hastings County, Ont.— Debenture Offering.
Bond Call. August Ude, County Treasurer, called for Proposals will be received until 12 m., May 28, by J. P.
payment May 1, 1900. at the State National Bank or the Mis- Thompson, City Treasurer, for the following debentures:
sissippi Valley Trust Co., both of St. Louis, the following rail- $182,000 S}4% 30- year debentures for the purchase of the
road compromise bonds, dated May 1, 1889 Nos. 16 to 30, 34 water-works, and bearing date June 20, 1899; also $55,000
to45, 51, 53, 59, 64 to 88 and 92 to 151, all numbers inclusive. 31^^ 20-year debentures for the payment of a bonus granted
They are in denomination of $1,000.
to the Abbott Mitchell Iron
Steel Co., of Ontario, the
Clatsop County, Ore.— Warrant Call.— The County Treas- securities being dated May 1, 1899. The above debentures
urer has called for payment all warrants on the general fund are in denomination of $1,000 and will carry interest payable
indorsed prior to May 15, 1898.
semi annually.
Dajton (Ky.) School District.- Bond Call.—Q. A. Klein,
Binghamton, N. Y.— Temporary Loan. This city on May 1
President Board of Education, called for payment April borrowed $5,000 for six months from the Binghamton Sav15, 190O, at the German National Bank of Newport three ings Bank at 5^.
Loan was made for the purpose of purhundred-dollar bonds Nos. 42, 43 and 44 and five-hundred- chasing property for a new viaduct.
dollar bonds Nos. 15 to 20, 22 to 24 and 26, all numbers inBoise, Idaho. Bonds Voted.— At the election held April
clusive.
30 an issue of $59,800 bonds was authorized.
DeSoto, Mo.— Bond OaZZ.— Five-hundred-dollar bonds Nos.
Boonville, Mo.— Bond -SaZe.- This city has sold an issue of
65 to 68, inclusive, were called for payment April 17, 1900, at $5,000 5% bonds for general expenses.
&
:
:
&
—
—
—
Bond Proposals and Negotiations
—A
We
&
—
&
Bond
—
—
and Redemptions.
—
—
:
&
—
—— —
:
—
:
—— ———
THE CHRONICLE.
958
Braintree, Mass.—Loan Authorized.— A loan of $5,000 for
Loan will bear S}4%
electric-light plant has been voted.
an
[Vol.
LXX.
April 1, 1900; interest will be payable semi-annually, both
principal and interest being payable at the American Ex-
change National Bank, New York City. A certified check
and will mature in 1910.
Bridgeton, N. J.— Bonds Authorized.—The City Council drawn on a national bank for $25,950, payable to the "Treashas adopted a report of the Special Paving Committee pro- urer of the City of Cleveland," must accompany bids. Bids
must be made on blanks furnished by the City Auditor.
viding for the issuance of $100,000 paving bonds.
The water bonds were originally advertised for sale on May
Barlington County (P. 0. Mount Holly), N. J.— Bond
but the offering was postponed prior to that date, and the
asy1,
lunatic
(serial)
4-15year
May
5
the
Sale.—Oa
$60,000 4%
lum building bonds were awarded to Dick Bros. & Co., Phil- bonds are now re-advertised as above.
Cleveland (Ohio) School District,- Bond Offering.— Proadelphia, at 104-93— an interest basis of about 3-3J)b. Followposals will ba received until 12m., Jane 5, by Chas. P. Salen,
ing are the bids
Auditor of the Board of Education, for $300,000
school
Edw. C. Jones & Co.. Phlla...... 103-07
Diok Bros. & Co.. Philadelphia.. 104-93
104-62
ff 5.000 due 1910.. 102 00
JohnD. Kveritt & Co., N. Y
building coupon bonds maturing May 1, 1920. Securities
5,0.i0 due 1911 103 60
N. W.Harris & Co., New York.. 104-33
will be in denomination of $1,000, dated May 1, 1900; interBurl'tonSav.) 5,o00duel912 104 00
BurlingtonCo. S. I). &Tr. CO...104-19
104-166
6,000 due 1913. .106 00
Institution,
Union Nat. Bank. Mt. Holly
est will be payable semi-annually, both principal and in108 v;0
103-924
MOO due 1914.. 109-00
W.J. Hayes & Sons, Cieve
103-43
terest being payable at the American Exchange National
Farson.Leach &Co..N. Y
L 6,000 due 1915..
103-19
Camden Safe Dep. & Tr. Co
Bank, Ne?v York City. A certified check drawn on a
For description of bonds see Chronicle May 5, p. 906.
national bank for 5% of the amount of bonds bid for, payable
Butler County, Kan.— Bond Sale.— It is reported that the to the "Treasurer of the Board of Education," must accomState School Fund Commissioners have purchased at par an panv bids. Proposals must be made on blanks furnished by
issue of $35,000 4:1^% 5 15-year (optional) bonds.
the City Auditor.
Butte School District No. 1, Sliver Bow County, MontClinton, Mass. Bond Offering. "We are advised by Chas.
Bond Offering.— Th\B district will sell at public auction at E. Shaw, Town Treasurer, that the town will shortly adver2 P. M., May 29, $50,000 i% 10-20-year (optional) gold bonds. tise for sale an issue of $150,000 3^4% funding bonds.
While
Securities are in denomination of $1,000, dated May 1, 1900. the date for the sale of thesa bonds has not yet been definitely
Interest will be payable semi-annually at the office of the fixed,ibidswill probaby be received until 10 a h,, June 23.
County Treasurer. A certified check for $1,000 must be de- Securities are authorized to the amount of $175,000 by Chapposited with Thos. Richards, Clerk of the Board, by each ter 80, Laws of 1900, and are for the purpose of refunding
person bidding. Bonds were voted at the election held the city's note indebtedness, as the same may stand on July
April 7, 1900.
1, 1900, exclusive of temporary loans made in anticipation of
Cabell County, W. Ta.— Bond Ofenng.— Proposals will be collection of taxes. These bonds will be in denomination of
received until 12 m.. May 21, by F. L. Doolittle, Clerk of $1,000, dated July 1, 1900. Interest will be payable semiCounty Court, for $60,000 4^ 5 year bonds issued for the pur- annually at the First Nattonal Bank of Clinton. Principal
pose of completing the court house. Securities are in de- will mature July 1, 1930. A certified check for $1,500 will
nomination of $1,000. Interest will be payable annually at be required with proposals.
the Kanawha Valley Bank of Cnarleston.
Columbus, Ohio. Bonds Authorized, The City Council
Camden N. J.— Bond Offering.— The Finance Committee of has passed the ordinance providing for the issuance of $60,000
the City Council has decided to advertise for sale $12,000 4t% 10-20-year (optional) smallpox epidemic bonds mentioned
Bids for these bonds will be refire-engine- house bonds.
Securities will be in dein the Chronicle April 21, 1900.
ceived until 8 P. M., May 21, by Joseph Potter, Chairman nomination of $1,000, dated June 1, 1900. Interest will be
Finance Committee. They are in denomination of $1,000, payable June 1 and Dec. 1.
dated June 1, 1900. Interest will be payable June 1 and
Corsicana, Texas. No Bond Election at Present, We are
December 1. Securities are " not redeemable, unless with
advised that the election to vote on the question of issuing
the
before
31st
holders
thereof,
respective
the consent of the
high-school bonds has been deferred for the present.
day of May, 1906." A certified check on a national bank, $20,000
Mich.— Bonds Fo^ed.— At an election held April
Corunna,
of
the
amount
payable to the City Treasurer, in the sum of 5%
30 the issuance of $5,000 4^ 15 year park-improvement bonds
of bonds bid for will be required.
was authorized by a vote of 328 to 234.
Carroll Con aty (P. 0. Westminster), Md.— Bond OfferDamariscotta, Me. Bonds Authorized, At a recent town
The County Commissioners will sell at public auction
ing.
meeting
an issue of $82,000 bonds was authorized.
at 12iM,, May 16, $3},000 d^% coupon bonds. Securities are in
Hamilton County, Ohio.— Bond Offering.— At the
Delhi,
will
19[)0.
Interest
be
April
dated
1,
denomination of $500,
interest
H
1
j
1
—
—
—
—
—
payable semi-annually. Principal will mature $1,000 yearly
on April 1 from 1905 to 1934, inclusive, all bonds being subject to call after April 1, 1905. Bonds are exempt from all
taxation.
—
On Miy 8 the $6,000 5% 1-20Carrollton, Ky.— Bond Sale
year (serial) bridge bonds were awarded to P. S. Briggs &
Co., Cincinnati, at 105 an interest basis of about 4-40^. Following are the bids
$6,200 00
$6,300 00 T. S. Orr, Carrollton
p. S. Briggs & Co., Cmcin
Seasongood & Mayer. Cincin.. 6,281 25 Devitt,Tremble&Co.,Chicago. 6.101 00
6,210 00 Wm. C. Thompson & Co.,Chic. 6,027 03
W. R.Todd & Co., Cincin
—
All the bids included accrued interest in addition to price
and the furnishing of blank bonds free of charge. For de-
—
mates.
Dover, N. H. Loan Authorized, The City Council has
authorized a temporary loan of $40,000 in anticipation of the
—
Chronicle May 5, p. 906.
Bonds Registered. The State Auditor has collection
scription of bonds see
Carthage, Mo.
election held April 21 the propositions to issue $25,000 street
and $6,000 parK bonds were favorably voted upon. These
bonds are issued under authority of sections 2835 and 2837,
Revised Statutes of Ohio. They are dated May 3, 1900, and
will mature May 3, 1920, Interest will be at the rate of 4%,
payable semi-annually at the Market National Bink, CincinProposals for these bonds will be received until 12 M.,
nati.
June 4, by Walter Stone, Village Clerk.
Detroit, Kich.— Bonds to be Issued. This city will issue on
July 1 $250,000 public school bonds, the same having been
authorized by the Common Council and the Board of Esti-
—
registered an issue of $14 000 i% refunding bonds.
are in denomination of $500, dated May 1, 1900.
Securities
of taxes.
Elizabeth City County (P. 0. Hampton), \a,.—Bond Offering.— Proposals will be received until May 15 by H. H, Holt,
Carthage, Ohio. Bonds Authorized.— The Village Council County Clerk, for $12,000 o% 5 28-year (serial) bonds. Securihas authorized the issuance of $1,800 5% 10-year sidewalk ties are in denomination of $500. The bonded debt of the
bonds. Securities will be issued under authority of sections county at present is $40,000 and the assessed valuation about
2334 A, B and c, Revised Statutes of Ohio. They will be in $4,000,000.
£lmira, N. Y.—Bond Bill Signed by Governor,— A bill
denomination of $300, dated June 12, 1900. Interest will be
payable annually at the German National Bank, Cincinnati. authorizing the issuance of $100,000 bonds has been signed
Cedar Falls, Iowa. Bonds Voted.— At an electionheld by the Governor.
Elyria (Ohio) School District.— Bond O^eringf.— Proposals
April 21 an issue of $30,000 building bonds was authorized
will be received until 12 M., May 22, by the Board of Edncaby a majority of 408 votes.
Celiua, Ohio.— Bond Election.— It is stated that an elec- tion— C. H. Snow, Clerk —for $L8,000 5% bonds. Securities
tion will be held to vote on the question of issuing bonds for are in denomination of $500, dated May 22, 1900, Interest
Principal will mature yearly
will be payable semi-annually.
an electric-light plant.
Chotean County (Mont.) School District No. 10.— Bond on May 22, $500 from 1901 to 1906, inclusive, and $1,500 from
Offering. Proposals will be received until June 2 by the 1907 to 1916, inclusive.
Enterprise (P. 0. Gerring, Neb.) Irrigation District.—
Trustees of the school district Samuel Houston, Clerk— for
the purchase of $3,000 6^ 3-5-year (optional) bonds. Securi- Bonds Issued.— The $45,000 Q% bonds, for which no bids
ties are in denomination of $1,000.
A certified check tor were received on April 14, have been taken by the Enterprise Ditch Co. in payment for the canal owned by that
$150 will be required with each bid.
Clarinda (Iowa) School District. Bonds Defeated.— At a company. We are advised that it was uoderstood at the
recent election this district voted against the issuance of time that the bonds were authorized that such disposition of
them would be made, and that they were only advertised for
$4,500 6% school bonds.
Clarke County (Wash.) School District No. 21.— Bond sale in order to comply with the law.
Sale. On April 28 $600 bonds of this district were awarded
Everett, Mass.— Descryjh'on of Notes.— We are advised
to W. E. Bell, Spokane, at 100-33 for 6^ bonds. Other bids that the $25,000 sidewalk notes recently authorized will be
were as follows
W. D, Perkins & Co., Seattle, $1 premium in denomination of $2,500, Interest will be at the rate of i%,
for 6 per cents; H, E. Noble of Portland and J. Saner, par payable semi-annually by check.
for bonds bearing 7% interest. Bonds mature $300 in five
Fern Bank, Ohio. Bond 0/fmngr.— Proposals -will be reyears and $300 in ten years. Interest will be payable annn- ceived until 12 M., June 6, by W. El wood Wynne at his office,
ally.
519 Main Street, Cincinnati, for $20,000 5^ street- improveCleveland, Ohio.— Bond Offering,— FroposalB will be re- ment and $15,000 5% sidewalk bonds. Securities are issued
ceived until 12 m., May 31, by ChasP. Salen, City Auditor, for under authority of sections 2835 and 2837, Revised Statutes
$300,000 4:% water- works coupon bonds maturing April!, 1930, of Ohio. They are in denomination of $500, dated 31ay 1,
and $219,000 4% sewer district coupon bonds maturing April 1, 1900. Interest will be payable semi annually at the Second
1910. Securities will be in denomination of $1,000, dated National Bank, Cincinnati. Principal will mature May 1, 1930.
—
—
—
:
— —— —
May
——
— —
THE CHRONICLE.
18, 1900.J
Fiflli Lonittiaua Levee District —Bond Ojffering. — Proposals will be received umil 12 m., June 12, by the Board of
CommiasionerB J. T, McClellan, President— at the office of
the Board of State E'lginftwrs, Cotton Exchange Building,
New Orleans, for $ 65,000 5^ 50 year ret unding bonds. Securities are issued under authority of Article 239 of the State
Constitution and of Act No. 14, Laws of 1898. They are
dated July 1, 1900. Interest will be payable semi annually
at the fiscal agency of the State of Louisiana or at the office
certified check for $1,000 must
of the State Treasurer.
accompany proposals.
Fort Pierre, S. Dab. Bonds Dtfeated.—A.t the election
held April 17 the proposition to issue $14,000 water bonds
was defeated.
Freeman (S. Dak.) School District— Bonds Not Sold.—
are advised that the $6,000 5% 15 year school-house bonds advertised for sale on May 1 were not sold. It is probable that
they will be disposed of at private sale.
Frio County, Texas Bonds Registered. An issue of refunding couit house, jail and budge bonds has been ap
969
Hyattsville, Md. Bonds Voted.— Thia town voted in favor
of issuing $30,000 water bonds at the election held May 7.
Iowa City (Iowa) School District.— Bond.s Voted.— At an
election held April 30 this district voted in favor of issuing
$65,001) school building bonds.
Ipswich, Mass.— Bono's Voted, At a recent town meeting
the Water Commissioners were authorized to issue $5,000
water bonds.
Jamestown, E. I. Bond O/T^ringr— Proposals will be received until 2 P. M., May 19, ac the office of the Town Treasurer, for $30,000 'S}4% 30-year gold bonds. Securities are in
denomination of |l,(i00, dated June 1, 1900. Interest will be
payable semi-annually at the Industrial Trust Co., Provicertificate of legality, given by Van Slyck
dence,
MumWe ford, Providence, will appear on each bond, and they will be
certified as to genuineness by ihe Indastrial Trust Co., Providence.
certified check for $500, payable to the town of
Jamestown, will be required with each proposal.
JopMn, Mo.— Bonds Registered.— The State Auditor has
registered an issue of $18,000 5^ current revenue bonds. Securities are in denomination of $500, dated April 21, 1900.
proved by the Attorney- General.
Kennedy Height<'. Ohio. Bonds Defeated.— At, the elecFulton, Oswego County, N. Y. Bond O^ermgr.— Proposals
will be receiveo until 2 P. M., May 16, by the Board of tion held April 24 the propositions to issue $15,000 street and
Trustees— Gilbert L Wells, President- for $200,000 water- $10,0(:0 sidewalk bonds met with defeat.
Kiowa Township, Barber County, Kan.— Bond Sale.— The
works bonris. Securities are in denomination ot $1,000, dated
School Fund Commissioners purchased last month an
State
be
rate
not
will
at
a
exceeding
Interest
1900,
5^.
June 1,
Trnst issue of $25,000 4\4% 30-year bonds at par. Securities are in
payable semi-annually at the United States Mortgage
Co., New York, which company also certifies as to the genu- denomination of $1,000, dated April 2, WO.
Kirknood (Mo.) School District.— 5o/ids to be Issued.
inenets of the bonds. Principal will mature $8,000 yearly on
June 1 from 1905 to 1929, inclusive. Secuiifies are issued This district will offer for sale about June 1 an issue of $10,under the provisions of Chapter 269, Laws of 1898, and their 000 4% 10 20-year (optional) bonds for the building of a school
legality has been confirmed by J. H. Caldwell, E-q., New house. Securities will be dated July 1, 1900, and the interest
certified check on some State or national bank will be payable semiannually at the National Bank of ComYork City.
in New Y<;rk State in the sum of $2,000, payable to C. R. merce, St. Louis.
Labewood (Hamlet), Ohio. Description of Bonds.—The
Dines, Village Treasurer, must accompany pioposals. The
above bonds are issued for the purchase of the present water $15,000 electric light plant bonds voted at the election held
plant now being operated by a private company. Oq March April 2 will bear 4}4% interest, payable April 1 and October 1
20 an issue of $115,000 bonds for the purpose of building an at the Western Reserve Trust Co., Cleveland. They will be
independent water plant was sold to Spitzer & Co., New in denomination of $500, dated April 1, 1900. Principal will
York, but were never issued, as the New York firm declined mature $500 each six months, beginning Oct. 1, 1905.
Lanisdonne, Delaware County, Pa.— Bond OiTermflf.- Proto take them on the advice of their attorneys, Messrs. Dillon
Hubbard. The attorneys contend that the provision in the posals will be received until 8 p. m., May is, by H, 1. Warvillage charier (under which the bonds were voted) impos- ren, Borough Secretary, Box 275, for from $8,000 to §15,000
ing a property qualification is in direct conflict with Article dl4% bonds. The amount of bonds to be issued will not be
See less than $S 000, the borough having the option to increase
11, Secti )D 1, of the State Constitution of New York.
Cr. have the issue to $15,000, They will be in denomination to suit
Chronicle April 14, p. 756. Messr?. Spitzer
commenced suit for the recovery of the $1,000 deposit made purchaser. Interest will be payable semi annually in Philawith their bid, and which is now withheld by the village delphia, free of taxes. Principal will mature in thirty
years, subject to call $1,000 yearly.
officials.
certified check for
$250 will be required with proposals.
Grreenville, Ohio. Bond Offering. Proposals will be re
Lewiston, Me.— Loan Authorized. The City Treasurer
ceived until 12 M., June 4, by E. E. Calderwood, City Clerk,
has authority to borrow $100,000 in anticipation of the colfor $4,000 5^ street boodf. Securities are in denominations
of $176, $200, $208 and $216— there being five bonds of each lection of taxes.
Liberty Township (P. 0. Digby), Wood County, Ohio.—
denomination. They are all dated May 10, 1900, and one
bond of each denomination, or $800 in all, will mature Bond O/Zermgr.- Proposals will be received until 12 m.. May
yearly froqj 1901 to 19 5, inclusive. Interest will be payable 19, by W. J. Digby, Township Clerk, for $10,000 5% road-imannually at the office of the City Treasurer. Authority for provement bonds. Securities are in denomination of $500,
the issuance of these bonds will be found in sections 2264, dated May 19, 1900. Interest will be payaole semi-annually.
Principal will mature part each six months as follows
certified
2504, 2705 and 2709, Revised Statutes of Ohio.
$500
check for $500, payable to the City Treasurer, must accom from March 10, 1904, to Sept. 10, 1905; $1,000 March 10. 1906;
$500 Sept. 10, 1906; $1,000 from March 10, 1907, to Sept. 10,
pany prorosals.
are advised that 1908; $1,500 March 10, 1909, anc' $1,000 Sept. 10, 1909, all
Guthx'ie, Okla.— Sonrfs Defeated.
the question of is-uing $25,00u sewer and $8,000 water bonds dates inclusive. Successful bidders will be required to pay
was defea- ed at the election held April 3 and not approved accrued interest to date of transfer and must also provide the
printed bonds free of charge.
as was originally reported.
certified check for $500, payHamblen County, Tenn. Bond Sale.— Oa May 5 the $50,- able to the Township Clerk, must accompany proposals.
000 5% 5 25 year (optional) road-improvement bonds were
Little Falls, N. Y.—Bond Sale.— On May 8 $10,000 31^^
awarded to N. W. Harris
Co New York, at 102-84— an in- 20 year water bonds were awarded to L. O. Bucklin, Cashier
terest oasis of about 4 36^ if bonds are redefmed at their op- Little Falls National Bank, at 103-64— an interest basis of
tional date and 4 80^ if allowed to run their full time. For about 3-252^. Other bids received were as follows John A.
further description of bonds see Chronicle May 5, p. 907.
Gantwell, Utica, 103 63, and Geo. M. Hahn, New York,
Hamilton, Wentworth County, Out.— Bond Offering.— 103-25. Securities are in denomination of $1,000, dated May
Proposals will be received until 4 p. M June 7, by T. Beas- 1, 19u0. Interest will be payable Jan. 1 and July 1.
Louisville (Neb.) School District.— Bonds Defeated—
ley, City Clerk, for $200,000 3}^^ water-works improvement
debentures, payable part yearly for 30 years^ $150,000 33^^ Bond Eleation,— At an election held May 1 the issuance of
roadway debentures, payable part yearly fcr 20 years, and $10,000 bonds was defeated, the maturity of bonds being too
$36,000 33^^ school debentures, payable part yearly for 2u long to suit taxpayers.
We are advised that another elecyears. Inierest on the water debentures will be payable an- tion will be held within thirty days, when the proposition to
nually and on the remaining issues semi-annually. The issue $10,000 5% 1 10-year (serial) bonds will be voted upon.
McLennan County, Texas.— Bonds Voted -At the election
amount of bonds of each issue to mature yearly, plus the interest due on bonds outstanding, will aggregate $10,874 28, held April 28 the propositions to issue bonds for a new court
house and jail and for a bridge at Wajo over the Brazos
$10,584 and $2,540 16, respectively.
Hancock County, Ga.— Bonds Defeated.— The proposition River were favorably voted upon.
to issue bonds for funding purposes was defeated at the elecMansfield, Ohio.— Bonds Voted. At an election held May
tion held April 17.
7 the issuance of $85,000 sewer bonds was authorized by a
Harrietstown (Town), Franklin County, N. Y.— Bonds vote of 1,631 to 391.
to be lssued.~We are advised by Fred. P. Calkins, Town
Marion County (P. O. Jefferson), Texas.- Bond Offering.
Cleifk, that an issue of $17, (00 bridge bonds will prooably be —Proposals will be received until lo a m., June 11, by W. F.
Jones, Clerk County Court, for $160,100 4i 2 20-year refundsold some time in December next.
Hartford (conn.) Nortlieast School District.— iVbfes Au- ing bonds. Securities are part of an issue of $200,000 bonds,
thorized.
Ac a meeting of the district held April 25 notes of which $40,000 have been taken by the coanty of Marion.
to the amount of $17,000 were authorized to complete school They are in denomination of $5 0, dated Jan. 1, 1900. Interbuilding. Secuiities will bear 4% interest, payable semi- est will be payable annually on January 1 at the Seaboard
National Bank, New York City. All bids for the entire
annually.
Hazleton, Pa.— Bonds Authorized.— Thia city has author- amount must be accompanied by a certified check for $3,000,
They are in and checks to the amount of 2^4% of bonds bid for must be
ity to issue $22,000 4% 5-30-year sewer bonds.
denomination of $500, dated July 1, 1900 Interest will be enclosed with proposals for less than the wnole amount. All
payable at the office of the City Treasurer. The date of sale checks must be payable to B. J. Benefield. County Treasurer.
This issue has been approved by the Attorney- General
has not yet been set.
Hopkinton, Mass.— Sorrds Proposed.—This town seeks of Texas and, it is stated, meets all constitutional and statutory requirements
1 egislative authority to issue $30,000 town hall bonds.
—
—
A
—
A
&
A
—
&
—
A
&
&
A
—
—
A
:
—We
A
&
,
:
,
—
—
———
— ——
—
—
THE CHRONICLE.
^60
Massillon, Ohio.—Bond Sale.—Oa May 5 the $3,000 x^a
year (average) Cedar Street improvement bonds were awarded
to the First National Bank of Barnesville at 101 "25— an inFollowing are the bids
terest basis of about 4'134^.
[Vol.
LXX.
A
certified check for 5% of thft gross amount of bonds
bid for, payable to the Village Clerk, will be required.
Pomona, Cal.— Bond O^ering.— Proposals will be received
until 12 M., June 11, by J. R. Garthside, Deputy City Clerk, for
:
100-00
$30,000 5% gold sewer bonds. Securities are in denomination of
FirstNat. Bank. Massillon
First Nat. Bank, Barnes ville.... 101-25
Merchants' Nat. B'k, Masslllon.lOO-oO
$750, dated July 2, 1900. Interest will be payable January 2
Bids were received from P. S. Briggs
Co. and from W. and July 8. Principal will mature one bond yearly on July
Co., Cincinnati, too late to be considered. For 2 from 1901 to 1940, inclusive.
R. Todd
certified check for $1,000,
description of bonds see Chronicle April 21, p. 807,
payable to the President of the Board of Trustees, must acMilwaukee, Wis.— Bonds Proposed. The Common Coun- company proposals. The successful bidder must pay, in adcil has under consideration an ordinance providing for the dition to the price offered, the accrued interest to the day of
issuance of $150,000 electric-light-plant bonds.
delivery of bonds.
Mode8to High School District, Stauislans County, Cal.—
Rankin (Pa.) School District. Bond Election. An elecBond Offering, Proposals will be received until 12 m., May tion will be held on June 5 at whicb the proposition to
26, by W. A. Downer, County Treasurer, for $30,000 5% issue $35,000 school-hoase bonds will be submitted to a vote
bonds. Sacnrities are issued under authority of sections of the people.
They are
1884, 1885 and 1886, Political Code of California.
Revere, Mass. Loan Authorized. At a recent town meetin denomination of $100. Interest will be payable annually ing this place authorized a loan not exceeding $50,000 in anin April at the office of the County Treasurer. Principal ticipation of the collection of taxes.
will mature $1,000 yearly on the first Monday in April from
Rock port, M.ms.— Temporary Loan.- This town has negocertified check for $500, payable tiated an eight-months' loan of $20,000 through the City
1901 to 1930, inclusive.
to the County Treasurer, must accompany all proposals.
National Bank of Gloucester at 3*43^. Loan is dated April
Newark, N. J. Bonds Authorized. The Finance Commit- 5, 1900.
tee of the Common Council on May 2 passed a resolution
Rutland, Yt.— Loan Authorized, The Aldermen have auproviding for the issuance of $1,500,000 bonds for the new thorized the Mayor to borrow not exceeding $20,000 on notes
city hall. Authority for the issuance of these bonds was bearing not more than i5% interest.
given by the late Legislature.
St. Bernard (Ohio) School District.— Bonds Voted.— At
Newburjport, Mass.— J5orad« Authorized. The Common the election held May 7 bonds to the amount of $30,000 were
Council has authorized the issuance of $27,500 bonds for authorized by a vote of 177 to 21.
school purposes.
St. Joseph (Mo.) School District.— Bond Sale.—Oa May 5
New Orleans, La,.— Description of Bonds.— As stated re- the $100,000 4% 10-20-year (optional) public-library and $100,cently in the Chronicle, the State of Louisiana voted on 000 ifc 10-20-year (optional) school-house bonds were awarded
April 17 to adopt a Constitutional amendment permitting to N. W. Harris
Co., Chicago, at 104-78 -an interest basis
the city of New Orleans to levy a special tax of 2}4, mills for of about 3-432^ if bonds run only to the optional date and
water and sewer purposes. The amount of bonds to be 3-66^ if allowed to run their full time. Following are the
issued under the law will be $13,000,000 if the bonds bear A% bids
interest, $14,000,000 if they bear SJ;^^ interest and $16,030,000
N. W. Harris & Co., Chicago.8200.560 00 Seasongood & Mayer, Cin... $205,172 00
if they bear d% interest.
They will be called "Public Im- Miss. Val ley Tr. Co., St. L 808,500 00 Farson, Leach &Co., Chic. 205.070 00
Altneimar
Tootle. Lemon & Co.,St.Jos. 205,000 00
& Rawlings Inv.
provement Bonds of the City of New Orleans" and will be in
208,400 00 Lamprecht Bros. Co.. Cleve. 204,404 95
Co., St. Louis
denomination of 51,000, dated July 1, 1900. Interest will be Little* Hays Inv.Cc.St. L.. 208,300 00 W. J. Hayes & Sons. Cleve.. 204,340 00
Spitzer&Co., Toledo
M. Brinkerhoft. Spring201,027 00
payable January 1 and July 1, and the principal will mature Gr.field
207.397 75 New Ist Nat. Bk., Columbus. 203,655 50
fifty years from their date.
00
Bonds will be exempt from all Deuison. Prior & Co.. Cleve. 206,400
J. G. Schneider, St. Joseph.. 203,500 i.o
W. R. Todd & Co., Clncin. 8f6.O0O 00 Mo. Val. Tr. Co., St. Joseph. 203,100 00
taxation— State, parish and municipal.
North Brookfleld, Wa.»s.— Temporary Loan.— The Town
For full description of bonds see Chronicle Apr. 31, p. 808.
Treasurer has negotiated a loan of $5,000 in anticipation of
San Antonio, Texas.— Bond O^enng.— Proposals will be
the collection of taxes.
Northfleld, Minu. Bonds Defeated,— At a recent election received until 12 m.. May 21, by W. W. Johnson, City Clerk,
this place voted against the issuance of bonds for cement for $300,000 i% street- improvement and $190,000 4% refunding
cinnati.
I
|
&
&
A
—
—
—
—
A
—
—
—
&
:
.
.
.
.
.
.
bonds. Interest on the above bonds will be payable semiNorth Yakijuia (Wash.) School District No. l.—Bond
annually
in gold in either San Antonio or in New York City,
Sale.— Oa April 28 the $11,000 20-year school-building bonds
were awarded to Mason, Lewis & Co., Chicago, at 102*77 for at the option of the holder. Principal will mature in twenty
For description years. Bonds will be sold subject to their approval by the
4:14% bonds— an interest basis of about 4 "30^.
of bonds see Chronicle April 14, p. 757.
Attorney-General of the State. A certified check for $10,Norwood, Ohio. Bonds Voted. At the special election
held May 8 $40,000 street and $10,000 bridge bonds were au- 000 must accompany each bid.
The official notice of this bond offering will be found among
thorized. The vote was 257 to 83 in favor of the street
bonds and 232 to 106 in favor of the bridge bonds.
the advertisements elsewhere in this Department,
Oakland (Neb.) School District.—Bond Sale.— This disSandusky, Ohio. Bond Qj^'enng, —Proposals will be retrict has sold to Q. W. Wattles at par an issue of $10,000
ceived
until 12 M. to-day (May IsJ) by A. W. Miller, City
43^'? 20-year refunding bonds.
Securities are in denominaClerk,
for
$20,000 A% 211-year (serial) North Depot streettion of $500.
Securities are in denomination of $500, date^
paving
bonds.
Ohio County, TV. Va.— Bonds JVoposed.— At a meeting of
Interest will be payable semi-annually at
March
1900.
1,
representative business men of Wheeling on April 19 it was
Treasurer. Bids must be accompanied
the
office
of
the
City
voted that the County Board of Commissioners be asked to take
the necessary steps towards submitting to the people of this by a certified check for $1,000.
Sbarpsburg (Pa.) School District.— Bonds to be Issued.
county the question of issuing $500,000 bonds, the proceeds of
the sale of which are to be used as a subscription to the stock This district is preparing to issue $15,000 school bonds.
Sheridan Township, Kiowa County, Kan. Bond Sale.
of the Uniontown Waynesburg & West Virginia Railroad Co.
This
township sold early last month $9,000 43^^ 19-year
Ohio State University.- Bond Sale.—Oa May 1 the $10,000
bonds
to the State School Fund Commissioners at par. Se43^^ refunding bonds were awarded to the Ohio National
curities
are in denomination of $500, dated April 2, 1900.
109-06
Bank, Columbus, at
an interest basis of about 3-053^.
Snow Hill, Md.— Bonds De/eaied. —At the election held
Following are the bids
May 7 a proposition to issue $15,000 street-improvement and
Ohio Nat. Bank. Columbus
109-06
R. Kleybolte & Co.. Cincln
107-33
—
—
—
—
:
W. J Hayes & Sons, Cleve
W. R. Todd & Co. Cincinnati.
107-87
107-80
Feder, Holzman & Co., Clncin.. .107-79
Seasongood & Mayer. Cincin.... 107-431
.
,
. . .
New
1st Nat. B'k,
Lamprecht Bros.
Columbus
Co..
Cleve
First Nat. B'k, Barnesville
10(-ii65
lOH-77
101-51
bonds failed to carry.
Socorro County, N. Mex.— Bonds Not Yet Sold.— We are
advised by Abran Abeyta, County Treasurer, that the $160,OOO i% 20-30-year (optional) refunding bonds (originally
offered for sale on Feb. 5, 1900), have not yet been diselectric-light- plant
Bonds are dated June 1, 1900, and mature one- half Dec. 1,
and one-half Dec. 1, 1907.
Opelika, Ala.— Change of Date of Bond Offering.— We are posed
1906,
of.
Southbridge, Mass.— Bond S^aZe. —The $20,000 sewer bonds
have been postponed from May 21 to June 4. For descrip- mentioned in the Chronicle April 21 have been sold at prition of bonds sse Chronicle last week, page 908.
vate sale to Jose, Parker & Co., Boston.
Osakis, Douglas and Todd Counties, Minn.— Bond OfferSouth Framingham, Mass.— Loan Authorized. This town
ing,—The Village Council— W. A. Yates, President— will has voted in favor of borrowing $10,000 for an engine house.
offer for sale at 3 p. m.. May 26, $10,000 5% bonds. Securities
Spartanburg County, S. C.—Bond Sale.—Oa May 1 the
are in denomination of $1,000. Interest will be payable an- $50,000 4:% 20-year bonds were awarded at a price said to be
nually at the office of the Village Treasurer. Principal will lOl'lS- an interest basis of about 3-915jf.
mature $1,000 in 2, 4, 6, 8, 10, 11, 13, 14, 15 and 16 years from
Spencer, Mass. Loan Authorized. This town recently audate of issue. Bonds were voted at the election held March thorized a loan of $4,000, to be re-paid in ten annual instal13, 1900, under provisions of Chapter 200, Laws of 1893.
ments.
Ottawa, Ohio.—Bond Sale.— The $15,067 20 i% street-imSpokane County, Wash.— Bond Sale Postponed,— We are
provement bonds advertised for sale on April 27 have been advised by A. L. Smith, County Treasurer, that the sale of
awarded to W. J. Hayes & Sons, Cleveland.
the $300,000 4:^% 20-year funding bonds which was adverTaruassus, Pa.— Bonds Foted.— This borough on May 5 tised to take place on May 7 has been postponed. As was
voted in favor of issuing $30,000 street-paving, $8,500 sewer stated in the Chronicle April 28 suit has been instituted in
and $1,500 fire-department bonds.
the courts to test the legality of the warrants which it is
Pleasant Kidgo, Ohio.— Bond Q^ertwgf.—Proposals will be proposed to refund, and the bonds will again be advertised
received until 12 M., June 2, by J. B. Hayden, Village Clerk, for sale after a decision has been obtained from the Supreme
for $136 70 5% 1-10-year (serial) sidewalk bonds. Securities Court.
are in denomination of $13 67, dated May 1, 1900. Interest
Springfield, Mass. Bonds Authorized.— Bonds to the
will be payable annually at the First National Bank of Cinamount of $143,000 for sewer purposes have been authorized.
advised that the sale of the $75,000 5% 30-year gold bonds
—
—
—
May
—
THE CHRONICLE.
13, 1900.J
—A
loan of $30,000 in
Stamford, Conn.— Loan Authorized.
anticipation of the collection of taxes has been authorized
by the Council.
Staples (Minn.) Jfcbool District.— Fonds Voted.—This
district has voted to issue $6,000 school-house bonds.
Steelton (Pa.) School iJistrlct.— Bond O/Termg.- Proposals will be received until 8 p. m., May 25. by James A. Bell,
Secretary of the Board of Directors, for $50,000 dX% 30-year
bonds to complete the high-school building and 5 3i),000 3^^
20-year bonds to fund the floating indebtedness. Securities
are dated Jane 1, 1900, and are free from taxes. Interest
will be payable June 1 and December 1 at the Steelton National Bank.
certified check for $1,0C0, payable to W. A.
Attick, Treasurer, must accompany proposals.
Stillwater, Okla.— Bond Sale.—The $35,000 6^ 20-year
water-works bonds offered for eale on May 1 were awarded
to M. L. Turner at 103.
Stockton, Cal.— Bonds Fo^ed.— At an election held May 2
this city authorized the issuance of $52,000 4% 1- 40- year
The date for the sale of theae
(serial) gold sewer bonds.
bonds has not yet been determined upon.
Stratford, Fairfield County, Conn.—Bond Offering.— Froposals will be received until 3 p. M., May 23, by the Selectmen, for $30,000 3i^^ 20- year coupon bonds. Securities are
in denommation ot $1,000, dated July 1, 1900.
Interest will
certified check for $500, paybe payable semiannually.
able to the Town Treasurer, must accompany proposals. The
total amount of bonds now outstanding is $45,000 and the
floating debt is $31,400. The assessed valuation in 1899 was
$1,400,563 and the population about 3,300.
A
A
—
Sunderland, M&^s, —Loan Authorized. At a special town
meeting held April 27 a loan of $7,500 at not exceeding A% as
a subscription to the capital stock of the Amherst &
Sunderland Street Railway Co. was authorized by a vote of
83 to
:
951
$1,200,000 5% 20-year gold boniis issued for the purpose of
taking up those warrants which have been the subject of litigation for some years. These bonds were offerea for sale
Co. was the only
on Feb. 14. and the bid of Seymour Bros.
one for the entire amount. See Chronicle Feb. 17, Feb. 10,
&
Jan. 27, Jan. 20, 1900, and Dec. 16. 1899.
Tomahawk, Lincoln County, Wis.— Bonds Voted.— Thia
city has voted in favor of issuing $12,'"0U 1-15-year (serial)
citv-hall bonds. Date of sale is yet to be determined.
Valdosta, (4a. Bonds to he Issued. This city proposes to
issue $25,000 5% 30-year bonds for the completion of the sewer
system. Interest will be payable in gold Jan. 1 and July 1
Date of sale has not yet been determined.
in Valdosta.
Vicksbnrg, SLiss.—Date of Bond Election.— June 7 has
been fixed as the date upon which to vote on the question of
issuing the $375,000 sewer, city-ball and water works bonds
mentioned in the Chronicle April 21.
—
Watertown, N. Y.—Bond Sale.— The highest bid received
May 8 for tbe $91,000 3}4% sewer bonds was that of N. W.
Harris & Co. New York, at 104-63— an interest basis of about
on
,
Following are the bids :
3*17^.
Knrson. Leacb * Co., New York. 103 88
N. W. Harris & Co., New York. .lOl'f 3
104-595 W. R. Todd & Co Cinclnnuti... 103-79
W. J. Hayes & Sons. Cleve
Denison, Prior & Co., B"ston... 108-8*
Blodget, Merritt & Co.. Boston. lP4'5e
103 29
Day & Co., New York
R.
Allen, Sand & Co.. New York. .104-.=il
103-03
«eo. M. Hahn, New York
Jeflerson Co. Sav. B'k,Watert'D.104-50
Dunscomb & Jennison, N. Y... 104'd0 Kdw. C.Jones & Co.. New York.102-50
.101*26
104-27
New
York.
Sutro
Bros.
Co.,
&
Lamorecht Bros. Co., Cleve
.
.
U
. .
Bonds mature $6,000 on May 1, 1910, and §5,000 yearly
For full description of bonds see Chronicle May
thereafter.
5, p.
911.
—
WaterTille, Me.— Loan Authorized. The Council has authorized a loan of $10,000 in anticipation of the collection of
ayBe*l)urg (Pa.) School District.—Bond Sale.— On May
were awarded to the Citizens' National
Bank, Waynesburg, at 102-79. Following are the bids
VS
5 the $9,000 4% bonds
:
5.
Table Rock (Neb.) School District.
Bond Election— An
election has been called for May 21 for the purpose of voting
upon the question of issuing $10,000 school-house bonds.
This proposition was voted upon on April 13, but was defeated, as the bonds lacked a two-thirds vote in their favor.
Tacoma, Wash.— Bond Sale. This city has closed with
Messrs. Seymour Bros.
Co., New York, for the sale of
—
&
NEW
LOANS.
Lamprecht Bros.
Citizens' Nat. B'k, Waynesb'g.f 9,251 00
P. S. Brings & Co., Cincinnati.. 9,22500
9,188 00
W. J. Hayes & Sons, Cleve
W. R. Todd & Co., Cincinnati.. 9,150 00
Co.. Cleve. .$9,106 00
.
New
Ist Nat. B'k, Columbus.. 9,025 60
Denison, Prior & Co.. Cleve... (J.OOO 00
R.F. Downey, Waynesburg... 9,000 00
Interest -will be
$500
Securities are in denomination of $500.
payable semi-annually. Principal will mature yearly on May
$500 in 1901, 1902, 1904, 1906 and 1908; $1,000
1 as follows
in 1903, 1905, 1907, 1909 and 1910 and $i.5u0 in 1911.
:
NEW
j!i§yyLJtoAN^
LOANS.
^4Q0,000
^43a,000
SAN ANTONIO, TEX.,
BONDS.
City
Bids will be received at the Mayor's OfiBce in the
City of San Antonio, Texas, until 12 o'clock noon,
Monday, May 21, 1900, for the purchase of $490,000
of 20 year straight gold bonds of the City of San
Antonio ($300,000 of Street Improvement and
Toledo,
of
Ohio,
Refunding 30-Year
Dated
IVIay 4tli,
190U. Due
CITY OF WINNIPEG
33^s.
May 4th,
1930.
PRINCIPAL AND SEMI-ANNUAL INTEREST,
$190,000 of Refunding bonds.)
MAY AND NOVEMBER, PAYABLE AT THE
These bonds draw four (i) per cent interest, payable semiannually in the City of San Antonio or in
NEW YORK
the City of New York, at the option of the holder,
and will be sold subject to the approval of the
Attorney-General of the State.
A certified check for $10,000 must accompany each
bid as a guaranty of good faith, and no bid will be
entertained for less than par and accrued interest
and the city reserves the right to reject any or all
bids.
For prospectus giving
full
information, address,
City Clerk.
W. W. JOHNSON,
^•ro^ooo
IMPORTERS' & TRADERS' NATIONAL BANK.
CITY.
for 30 years. The reduction of interest for the city
over $16,000 per annum.
The population of Toledo in 1890 was 81,000; in
1898, 141,000, and, as the assessed valuation of real
estate in Toledo is only increased decennially, and
the last increase was in 1890, it is expected that the
1900 increase will be a very large one, proportionate
with the last ten years' large increase in population
is
and wealth.
Yreka, Cal.,
SPITZER & CO., Bankers.
MUNICIPAL BONDS.
Established 1871.
NOTICE IS HEREBY GIVEN that bids for the
purchase of Municipal Improvement Bonds issued
20 Xassan St., New York City.
of
by the Town of Yreka, in the County of Siskiyou,
State of California, to be dated April 16th, 1900. will
be received by the Clerk of said town at his oflBce at
Yreka, up to 8 o'clock P. M. on Saturday, May 19th,
1900.
Said bonds are eighty in number, each of the denomination of $876, and bear interest at five per
cent per annum, payable on the 16th day of April of
each year. Interest and principal payable in Gold
Coin. Bids will be opened by the Board of Trustees
M
of said May 19th, 1900.
at 8 o'clock P.
The Board reserves the right to reject any and all
bids
For further particulars address the undersigned.
By order of the Board of Trustees.
Dated April 17th, 1800.
U. F. BROWN,
City Clerk of Yreka, California.
MUNICIPAL BONDS.
E. C.
121
Stanwood
&»
Co.,
BANKERS,
Devonshire Street,
BOSTON.
SEALED Tenders, marked ''Tender for Debentures " and addressed to the Chairman, Finance
Committee, will be received at the office of the City
Comptroller, City Hall, Winnipeg, Manitoba, up to
3:30 P.
M. on
FRIDAY, THE 15TH DAY OF JUNE
NEXT,
For the purchase of $400,223 78 of City of Winnipeg
These bonds are issued to refund a like amount of
7 3-10^ Bonds, which v. ere issued May 4th, 1870, and
on which the city has promptly paid 7 3-10^ interest
Price and further particolara on request.
Town
IMPROYEMENT DEBENTURES.
City of Waycross, Ga.,
Local Improvement Debentures,lbearing interest at
the rate of four per cent per annum, payable halfyearly. The foil :)wing are the amounts and terms
of years to run, viz.:
$61,827
$108,009
$86,591
$14,592
$129,202
years from 30
from 30
40. .15 years from 30
53. .19 years from 30
71..20 years from 30
92.
.
7
22. .10 years
March, 1900.
March, 1900.
March, 1900.
March, IfiOO.
April. 1900.
ALSO for the
following general debentures of the
city, bearing interest at the rate of three and onehalf per cent per annum, payable half-yearly
$208,000 running 36 years from 10th February,
1900; and
$25,000 running 30 years from Ist November, 1899,
Principal and interest of all issues payable at the
of Montreal, Winnipeg.
Purchasers to make payment and take delivery in
Winnipeg. Accrued interest to be added to the purchase price:
Tenders may be for the whole or part. No tender
Bank
necessarily accepted.
Payable " in gold or
its
equivalent."
Further information furnished on application.
City Comptroller.
D. S.
Winnipeg, 23d April,'.l900.
CURRY,
b% Sewerage
Dated Jan.
Ist,
& Funding Gold Bonds.
1900. Due Jan.
Ist,
1930.
DENISON, PRIOR & CO.
Denomination, $1,000.
Coupons payable January and July
in
New
91,9'27,590
Assessed values (1899)
3,000,000
Actual values
103,000
Total indebtedness, including this issue
Population (estimated),
7,000.
DEALEItS IN
York.
High
Grade
SEND FOR
Bonds.
LISTS.
Price to net 4*20^.
JOHN W. DICKEY,
BROKER.
Augusta, Oa.
§ Exctaange Place, Boston.
121 Euclid ATcnue, CleTeland.
— —
-
4
THE CHRONLCLK
962
—
Welch, W. Va.— Bonds Voted, This place has voted in
favor of issning $5,000 i% 10-20 year (optional) electric-light
and water- works bonds. Securities will be placed about
July 1, 1900, in denomination of $500. Interest will be payable annually at the Bank of Bramwell, Bramwell, W. Va.
Winnipeg, Manitoba. Bond Offering.— Proposals will be
received until 3:30 p. m., June 15, 1900, by the Chairman
of the Finance Committee at the office of D. S. Curry,
I
Vol. LXX.
Yonkers, N. Y.—^Bond Ofering —Proposals will be received
May 16, by Leslie Sutherland, Ma^or, for $5,000
4j? Chanfrau Place boDdp.
Securities are issued under authority of Chapter 246, Laws of 18S0. They are dated June
1, 1900, and will mature $1,000 yearly on May 1 from 1902 to
until 3 p. M.,
1906, inclusive.
Yonngstown, Ohio.— Bowd Sales.— On May 7 Rudolph
Kleybolte & Co., Cincinnati, were awardfd $9,050 5% Poland
Avenue grading and $1,350 5% Emily Alley paving bonds at
104-32 and 104-17, respectivelv. and the Croghan Bank of Fremont the $1,275 5% Cleveland Street grading bonds at 1C306.
Following are the bids received
City Comptroller, for §400,323 78 4% local improvement
debentures.
Interest will be payable semi-annually, and
on
the principal will mature as follows
$61,827 92
:
:
March
30, 1907; |108,009 22
30, 1915; $14,592 53
March
March
30, 1910; $86,591 40
1919,
30,
and $129,202
March
Rudolph Kleybolte & Co., Cincinnati
The Cioghan Bank of Fremont
Firemen's Pension Fund, Youngst own
The Lnrnprecht Bros. Co., Cleveland
71 April
Also for the following 3i^^ general debentures
$208,000 running 35 years from Feb. 10, 1900, and $25,(00
running 30 years from Nov. 1, 1899, Interest on the above
securities will be payable in gold at the Bank of Montreal,
Winnipeg.
The official notice of this bond offering will he found among
the advertisements elsewhere in this Department.
30, 1920.
:
—
R.
lowest number outstanding.
Eosenberger
&
1908
Assessment about 4g actual value.
State & Co. tax (per M). '99 .$6-75
3138, J&J, $75,000... July 1, 1910 I'opulation in 1890 was
551,959
PAR VALUE.—Bonds are for $500, $1,000 and $10,000.
INTEREST on the compromise bonds is payable at the Commercial
National Bank, Philadelphia; on the 4 per cent riot bonds by the
County Treasiu-er and at the office of Townsend, 'S\Tielen & Co., Philadelphia on the Insane Asylum bonds at the Pittsburg Trust Co.; on
all other bonds by the County Treasurer only.
TAX EXEMPT.—The compromise bonds are largely free of tax;
also the $75,000 poor house bonas.
SifiS,
J&J, $250,000.. July
1,
Poor House Bonds—
;
MISCELLANEOUS.
Geo. D. Cook Company,
Co.,
INVESTMENT SECURITIES.
IN
238-240 La
CHICAGO.
RAILROAD
and
New York
NEW YORK.
MUNICIPAL BONDS
Western Bonds),
31 Nassau Street,
]V.
Secnrities Netting from
DUKE
FARSON.
M.
Mualoipal Bonds,
1
PHILA.,
F.
BONDS A SPECIALTY.
-
.
JONES &
1
-
112 SO.
Government
FOURTH
ST.
FULTON & CO.,
Municipal Bonds,
CO.,
NASSAU STREET.
-
R.
Choice IsBuee.
Street Railway and (^as CompanieB.
CHICAGO.
and
BOUGHT AND SOLD.
N.
ON APPLICATION.
W. HARRIS &
BAN KER8,
.31
NA88AU
ST. (Bank
ot
CO.,
Commeree
Blodget, Merritt
&
NiVER Co.
Bank
CHICA€K>
Bldjf.
Bide.)
STATE, CITT & RAILROAD BONDfc
MILK STREET, BOSTON.
T. B. POTTER,
MUNICIPAL and QriKinc
DUNUb,
CORPORATION
CHICAGO,
John
Nuveen
&
Seasongood
Co.,
INVESTMENT BANKERS,
l8t
National
Bank Building,
Correspondence
Cliicago.
solicited.
B^ttrtnM, Firtt National Bank, Ohieoffo.
•
ILLS.
.
LIST ON APPLICATION.
MUNICI PAL BONDS.
Co.j
New York.
ROLLINS & SONS,
172 Washington Street,
Congress Street, Boston.
15 Wall Street,
TeleDhone
Bell
Licensee Companies.
19
MUNICIPAL BONDS,
l«t Nat.
BANKERS16
&
bonds secured by First Mortcage
on the properties of
American
E. H.
MacDonald
APPRAISEMENTS MADE OR QUOTATIONS
FURNISHED FOR THE PURCHASE, SALE OB
EXCHANGE OF ABOVE SECURITIES.
ofier
ON APPLICATION.
Prices and particulars on application.
Municipal Bonds trowbridge,
L.I8T8
We
la salle street,
171
St.
BONDS.
Banker.
15 Dearborn Str«*>
60 Devonehire
MUNICIPAL
RAILROAD
CORPORATION -'^^•^*^*^»
1>I8T
YORK,
CO.,
BOSTON,
Monadnock BalldinK.
3^ to 6!E
CHICAGO.
SAVINGS BANKS and TRUST FUNDS
NBW
52 Broadway.
CHICAGO,
Bend for our Inveatment Ciroular,
FOR
C.
Office,
MASON, LEWIS &
ALWAYS ON HAND.
Y.
Investment Securities
EDW.
Salle Street,
BANKERS
Livermore,
<^pecialigt8 in Southern &.
h%
24,988
3,337,570
Tax valuation, real ..47:^,398,063
1, 1908
A&O, 497,500... Oct. 1,1906 Tax valuation,pers'n'l 45,598,446
Insane Asylum Bonds—
Total valuation 1899.518,996,509
BROADWAY
71
Netdebt Jan, 1,1900..
J&J, $300,000... July
4s,
3I28,
SECURITIES.
Legal opinion and price furnished.
1,393 49
ai, p. 810.
Sinking fund assets...
Court House Bonds— (Reg.)
Whann &
MUNICIPAL
Portsmouth, Va.
74
77
20
J&J, $1,200,375... Jan. 1, 1913
Subject to call.
The Act of 1863 requires $25,- Bond.debt Jan.1,1900. $3,362,401
000 of these bonds to be retired Floating debt
157
yearly on Jan. 1, beginning with Total debt
3,362,558
DEALERS
FUNDING BONDS OF
1,36100
1.405 21
1,39170
1
INVESTMENTS.
30-YEAR 4^
1,40800
00
1.276
1,312
1,297
1,294
& To.. Boston
9,420
& Mayer, Cincinnati
9,;9987
9,t^:-000
Mc Curdy, Youngstown
For description of bonds see Chronicle April
WE OWN AND OFFER
$140,000
$1,408 35
],al400
58,
—
Charles
$1,313 v5
W,41600
H, 440 00
9.434 76
STATE AND CITV*DEBT CHANGES.
Temporary Loan. A temporary loan for $100,000 has been negotiated with George Mixter. Boston, at 3-21^, according to reports.
INVESTMENTS.
Bonds,
$9.4il 00
$1,360
Paving
Allegheny County, Fa.— Thos. G. McClure, Treasurer; W.
E. Ttiompson, Comptroller. Pittsburg is the county seat.
When Due.
Riot Bonds—
LO A N 8—
Compromise Bonds—
4s, J&J, $1,114,500... Jan. 1,1906
—We
according to our advices.
B'incls.
Seasongood
—We
Worcester County, Mass.
1,275
Omding
Jose, Parker
are aJvised
Winthiop, Mass No Bonds to he Issued.
that the §97,01
authorized at a recent town meeting for
various purposes will be raised by taxation, and not by loans
as at first reported.
Winton Place, Hamilton County, Ohio. — Bond Election.
An election will be held to-day (May 12) to vote on the question of issuing $35, COO street-improvement and $55,000 sewer
and drainage bonds. W. M. Yeatman is Mayor of the village.
are advised
Worcesler, Mass.— Descripf/ou of Bonds.
that the $20,000 sewer bonds mentioned in the Chronicle
April 21 will be dated April 1, 1900. Interest will be at the
rate of S}4%, payable semi annually at the Merchants' National Bank. Boston, or by check. Principal will mature
April 1, 1920. The bonds will probably be sold at private
sale,
$9,050
GrndVng
Bonds.
S.
&
Mayer,
W. Corner Third and Walnut
CINCINNATI, OHIO.
Stroota.
MUNICIPAL BONDS.
City, CJounty, Town and School Bond*,
Issued In leadlUK prosperous Stales of the Union, especially adapted for safe and permanent Inrestment
HlRh-Grade
For Bsiates and Trust FnndB.
@FedFRASER