Full text of Commercial and Financial Chronicle : May 13, 1899, Vol. 68, No. 1768

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Quotation Supplement (M
onthly)
Investors Supplement (0^)
j«

Street RailwaySupplement (semiAnnuai§
State and Cijy Supplement (s^Annu^

[Entered accord ing to A ct o f fongresa, to Hue year 1899, b y the W il l ia m B. D ana C o m p a c t , In the olfloa o f the Librarian o f Oongreae.]

VOL 68.

SATURDAY, MAY 13, 1899.

!gfte (Chronicte.
P U B L IS H E D

Week ending Hay 0.

Clearing* at—

W EEKLY.

Term s o f Subscription— Payable In Advance :
E o r One Y e a r .................. .— ----------- ---------- ------- ------------ $ 1 0 00
F o r S ix H o n t h e ........................... .. ......... ..........................................
8 00
E u ro p e a n S u b scrip tio n (ln e ln d a g p o s t a g e )........ ..................... 12 0 0
E u ro p e a n S u b s cr ip tio n S ix M o U h s (In clu d in g p o s t a g e )___
7 00
A n n u a l S u b scrip tio n in L o u d e r (in clu d in g p o s t a g e )........ ..
4 2 10s.
S ix M o*.
do.
do
do.
___ 4 1 1 0 ».
A b o v e su b s c rip tio n In clu d es—
T a n Q u o t a t io n S v r r u a ttx t
i s ra n B T R a i l w a y 9 o r p l b m e f t
Tw n I s v b s t o k s ’ StrrrLXMKXT
|S t a i * a b d O i t t S c rr ix M E S -r

Terms o f Advertising—(P e r Inch Space.)
T ra n s ie n t m a t t e r . . . . . . . . . . . $ 4 2 0 I T h r e e M on th s (13 r im e s )..$ 2 9 0 0
s t a x d l -o } B u sin ess o a r d *.
S ix M on th s
(3 0 “
) .. 80 00
T w o M on th s
(8 t im e * ).. 12 0 0 |T w e lv e M o n th s (9 2
•* ) . . 8 7 0 0

Locdon A g e n ts:
M essrs. E o w a s o s A S u r r a , 1 D r a p e rs ’ G a rd e n s, E. CL, w ill ta k e s u b ­
scrip tio n * an d a d v ertisem en ts, a n d s u p p ly sin g le c o p ie s o f th e p a p e r
I t . ea ch .

W I L L I A U B. D A V I C O J l P S S t , P u b lish ers,
P i n e S treet, C o rn e r o f P e a r l s tre et,
F o » r O f f ic e B o x 9 5 8 .

N K tr Y O H K .

CLEARING HOUSE RETURNS.
The following table, made np 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 *2,090,756,404, against $2,166,783 267 last week and
$1,3)9,868,494 the corresponding week of ladt year.

Cl.*AHIMO*.

W*4k Ending May 13.

18*9.
•1,1(1.149,010
Boston.------------------— „
119,240,383
?ltiSdSlpMla,............... ........
78,983,619
26,390,743
116,269,990
It, Lout*..-..............
27,998,340
7,007,712
Boren 9111*4, ft OATS*....... • 1,634^14^98
188,941,417
Tetal *U dttea. 8 days.,.. •L72I,256,416
All eitlea, 1 day.. -...............
339.499.9 39
Total Ail nUlee for week *1,05*V740.404
ZUlwrru by TtUgrxvh-

NO. 176«.

1808.
9978,284,810
86,034,043

20.7*2,347
6,8*3,333
(970,730,046
101.498.984
*1,131,119.030
337,640.4*4
«,35«,8i»4,404

Ptr Oent.

+ 39 3
+3*5
+881
+ 18*7
+52*0
+-44'7
k50*3

The foil details of clearings for the week covered by the
above statement will be given next Saturday, W e caunot,
* f coarse, 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.
W s present below our usual detailed figures for the pre­
vious week, covering the returns for the period ending with
Saturday noon, May 6, and the .results for the corresponding
week in 1898, 1897 and 1896 are also given. In comparison
with the preceding week there is an increase in the aggregate
exchanges of three hundred and thirty-nine million dollars,
the gain at New York being two hundred and thirty-eight
millions.
Contrasted
with the
week of i89 8
the
total for the whole country shows an increase o f 62’5
per oent.
Compared with the week o f 1897 the current
returns record a gain of 95-8 per oent, and the excess over
18961s 164-9 per cent. Outside of New York the increase
over 1898 is 31-0 per oent. The excess over 1897 reaches 51-9
per oent, and making comparison with 1896 the gain is seen
:o be 56’7 per oent.

*8

1699.

?
N e w Y o r k . . . , . - * . . . . 1.489,471.966
XU1,109.801
P h il a d e l p h i a ...........
83,937,018
P i t t s b u r g h . . . ..........
ti.2 S t.6 2 4
B a l t i m o r e . . . . ............
6,863,100
B u ff a l o ___ . . . . . . . . . .
8,060,839
W a s h in g t o n — . . . . .
8 .2 7 0 ^ 9 6
R o c h e s t e r ........... 1 296.231
S y r a c u s e . . . ...............
994,636
S c r a n t o n . . . . . . . . . ♦.
076.106
W i l m i n g t o n . .............
410^00
B in g h a m t o o .............
T o U l M i d d l e . . . . 1 630,032.712
100.637,60?
6.906,600
P r o r i d e n o e ~ -------2,736.162
H a r tfo r d . — . . —
l.O ix.BrO
Sew H a r e n . . . ........
38005,808
S p r in g fie ld ..................
1 .7 9 M 6 *
1.601,63*
9 0 1 .0 6 1
K ail H i r e r ................
703,088
N e w B e d f o r d ..........
179^9*0017
T o t a l N e w E n g .. .
163 .49+ 904
C n l o w o .......................
1 4.- 44.360
C i n c i n n a t i .. .............
0,Jd..»->4
D e t r o it .............
11,184.104
8,Kkl.326
M ilw a u k e e .................
4,500.000
3 .W .W 0 J
9 .1 0 *5?
l . .503,010
IJH0.631
950.100
D a y t o n ...

010,011

000,160

K a ia m a io o .................

372,9*4
409,000
39O.08C
401,300
5 20,87V
4100,090
.7*8
H19.HU1
*73,000

778,748.694
09.303.623
18.066,814
19,4-40.384
4.428,12*
*,088.602
2,005.063
1.315.819
9*7,004
814.219
*«UK >0
sSH.saM .iM
103.288.778
4,939.800
2,811.489
1,788.019
1,710.214
*99.002
1.668.981
843.4*1
674 .210

1

UVJ4 #0,710
129,43+014
13.594,650
0.944 717
S.S16,86«
.828.881/
l.M L .t r o
3.266, li»4
*,3»-.2W 5
9.2r0,73S
1,167,1156
7 6 + 420
W40 J O l

6

tlfOJbiS

35+000
384.791
31*4400
33+ 361
2*>4,474
199.231
200,338
268.904

R o c k f o r d ........... . . .
S p r in g fie ld , O h i o . .
C a n t o n .... ...................
B a y C i t y * ...............
181,883,414
T o t . M id . W e e t ’ n ■212,770,267
S a n F r a n c i s c o ........
18.127,966
17 .*44,977
1,418.006
g a i t L a k e C i t y ..........
2.764,34 ♦
1,714.320
*,*0 8 .3 4 8
P o r t l a n d ............
i.84*,C0#
1.040.214
L o s A n g e l o s ............
1,121,432
L0O0,0O3
S e a t t l e ............ .
1.497,000
008,47*
S p o k a n e . . . . ............
704,023
1,008,624
T a c o m a ................. .
043,610
6106*5
H e l e n a . . . ................
956
F a r g o ...........................
"3.627
147.239
S i o u x F a lla ..............
*8 ,396^ 44
27 6 4 6 ,6 /7
T o U l P a c i f ic .....
12,03*,701
11,' 93.01 £
K a n m w C i t y . . ..........
,0+1 GOO
W t n n m p o lU k ....- 10. W 4,*84
O m aha
........
6,667.0*1
4 ,1 1 8 * 8 ;
* 3 9 1 ,3 4 0
S t. P a u l . . . . . . . . . . . .
6J273.033
2.699.470
D e n r e r ..................
3 ,8 6 2 7 9 6
*,061,900
*.960,000
jo « « p ii
L 5 7 * r04u
1,007,04?
D * * M o i n e s .. . . . ...
839, to4
830,006
D a r e n p o r t . . . . ........
LO 12.700
7*0.01#
S i o u x C i t y . . ..............
882,601
L i n c o l n . . .............
*70.747
T o p e k a ........................
623 C83
638,48*
467,$ .9
W i c h it a ......................
4 5 1 .U *
130.777
157,20*
F r e m o n t ..............
H a s t in g s .....................
117.6*7
119,784
44,255.077
T o t. o tb o r W e s t ,.
43J.U 3.i9d
u L o u i s ....................
8 9 ,M 0 .6 ‘ O
33.300,836
N e w O r le a n s ...........
7,137,831
7,990.24*9
8,319.874
L o u l s r l l l e ..................
9,072 225
2 387.200
G a l rest o n . . . , , ..........
2 6 3? 950
2.4 40,728
2 .3 4 «.7 A6
S a v a n n a h ...................
2,787.304
u a o r3 4 i
R i c h m o n d .................
2,223*62?
3,059,90
1,903.831
M e m p h i s ...................
1 8 f S ,* l1
A t l a n t a . . .....................
1,481.90*
1,793,137
1 ,6 16.89b
1,269.016
N a s h v i l l e . .. , 4 ,..........
N orfolk....................
904.601
1.160 *9 *
A a g u n t H .. .. .. ............
608.470
0 4 « 84*
673,022
527 310
K n o x v i l l e .................
982.90V
F o r t W o r t h . . ...........
1,006.64*
*54,174
B ir m in g h a m ............
663.701
6 0 0 ,00.
M a c o n .........................
599,000
839,-41
Lit tin K o « lt ................
430,M l
323,00k
C h a t t a n o o g a .. . . . . . .
300,000
224 " 3 0
Jack son r u le .. . . . . . .
803 S r i
T o t a l S o u t h e r n ...
71.930+ 6©
68(7* 4,46*
T o t a l a ll................. 8,160.783.2*7 1.333 0 * 8 0 1 1
s 5 s .is e .s 3 f
727.310,302
O u t s id e » . Y o r k .
13,471,606
18,300-648
0,240,542
U .8 7 3 1 9 2
1.704.284
t 748 66H
1.301.293
1 ,5 9 *.8 «2
H a lifa x .................
$23,780
1 . 0 1 2 .0 1 $
012.09?
B t. J o h n . . . . . . . . ........
441*3)7
740.256
V i c t o r i a * .....................
812.074
V a n c o u v e r * .............
84.089.033 ~ r i.* 5 S 170
T o t s I C s n s S * ........

*21
1

11

at.

— ......

8

* Not included in total"-

pTcfni.
+84 0
+45*8
-«1 * 0
+112*0
+809
+479
-1 * 4
+7*2
4 -r c
-6 1

+0

+31*6
6
•riOO
+9 0
•$ 1 2 $
- -16 b
-6 1
—5*8
-h JV

+66

+10 x

-1 0 8
+497
+18 6
+7*7
+ 3 4 '8
+ 43 4
-8 9
+ 12*6
+70
-0 3
-26 9
+30 6
•rSTfl
— 27*3
+S81
+ 14*3
+ 1**
-4 50 0
-3 6
+bO/S
+ 18$
+63
t 6 u

+17 3
-4 * 2
+ 94*4
-2 * * 4
•r 10*9
■*-42*9
+640
-24.1
*
**-•3 8
t i n
+3*C

8*0

+j «

—3 2 0
+85 6
+'29 0
—3*3
-s ra
+ 1 .1
+ 36*2
-* * i
—2*n
+0*7
-1 3 0
+18
+2*6
riU 7

11-0

.1 0 4
rl r o
-3 C
Hh44*8
+ 38*1
-4 * 1
•-21-1
- r 19*4
- r 10*3
h32*7

8
-$*0
t 0 -u
+40*1
+n*b
—2 7 0
-7 1

+12-8

1807
027,710.546
0 0 1 4 7 .2 8 6
10.507,200
1 6 .0 3 L 8 4 0
3,801.773
2.344.805
*.787.062
1.169,033
730.410
069.918
403,400
731,429.481
107,734,605
5.803.300
2,841,833
1.031.2+5
l,A 4 7 ,Is8
1,466.107
1,277.872
802.786
034,003
480.374

18P0

148,678 418
0 4 ,3 5 4 0 0 6
13,113.460
O.SIO.W®
5.484.49S
0 ,i7 3 .1 2 9
3 ,0 6 8 ^ 0 0
2.U69,73<
1.7a7,«,)-'
2.064,433
701,647
503.014

683.018.101
03,904.000
10,391,500
14,021.105
6.093.231
2,369,748
1,043,390
1,007,802
821.281
718.748
321,400
690,018.688
97 J 7 5 .6 0 9
4.942,000
2.3*9.041
I.5US.48S
1,464,320
1,504,13$
M 20.846
1,487,248
924.207
618,947
its .o o 4 .e s s
103+230,483
1 2.211^ 60
0.f0>,*3O
6 + 9 0 ,0 0 0
4,540,611
4.037,tOO
2,153.469
1.949.047
1,874.006
789.371
000,670

308,910
234 ,mX*
260.021
2 6 3 ,08/
107.880
149, t20
168,431

277,02H
246.300
208.451
874,159
200,488
230,436
200.407

U S 6J7.W0W
13,088.072
1.5 8 6 + 9 1
1.086.712
.0d2.fWg
682,890
06«.370
4 h9,016
610,000
148.970
12,242

145 014.342
13.078,024
1.100,188
1.064,770
1.036.400
500.000
477,398
477.700
682,111
184.807
95.248

2 1 ,0 1 8 ^ 3 0
11,1R9 835
,102,000
4,720.791
,810,088
3 .6 1 0 ,2 2 1
1,192,066
1.114.603
7 « 8.592
7D3.48J
383,109
341^557
414,776
94 253
109,642
36.004,Y43
28.818.965
0,870,799
0,777.436
2,0$ 8,050
2,231,932
1,787,23$
2.043.174
1,911.638
1.483.044
1,128,403
840.431
816,420
634 177
069,117
375.848
461 000
249,101
209.654
298.838

19,274.902
9.700.417
7,153.307
4.481,839
6.208 172
2,638.048
1,150,000
1,129,696
1.162.660
649,138
276.844
326,041
474 ,2 k2

1

8
8

00,222
65.1U6

35,817.156
Z4,078,31*
8.143,067
6.467,418
1.018,777
1,508.100
1,847,988
3,645.037
9.509.709
1,274.209
1,025,434
H 80S88
512.647
448.028
508.161
877.069
370.987
276,000
372 388

+120

67JL70,e88
68.796,470
+62*6 1,105,718,223 1.067.210.216
470.007.578
478.562.064
+310
10,089.581
10 741,450
+M 3
7.8*6.848
7,482.771
+ 2 3 '*
+ 2*0
1.314,801
1.814.961
1,257.193
1,851,280
-11-6
771.674
736 40O
r*3 0
-27*0
588 759

+28+

? publication dkieontimied.

22,060.71*

• 1 .3 6 8 0 . 8

89 H

the

c h r o n ic l e .

[Von. LXVIIl.

and that his bill is simply tt|e outcome of that envious
spirit which, if allowed to have its way, will strike
The week has been conspicuous in Wall Street for down every successful industrial venture. We would
striking irregularity in the course of the stock mar­ most earnestly commend Mr Ford’ s words to Governor
ket. Monday a severe reaction set in on the Ex­ Roosevelt’ s serious consideration.
change, and Tuesday it assumed almost the character
An illustration of this wofk of demolition now in
of a semi-panic, in which all classes of stocks partici­
pated to a greater or less extent. There seemed to be progress is the Texas Anti-' 'rust Bill. We have sev­
no special cause for the decline except that prices were eral times referred to that pleasure and refer to it
top-heavy, having been advanced by speculators be­ now because this week infthe Texas Senate a gro­
yond present conditions of value on the anticipation tesque amendment has been added to the bill that
of future advantageous movements yielding increased serves to bring out in stronger light the desolating
earnings and increased dividends—an anticipation eharacter of the principle op which it is framed. The
which has remained unrealized. Weak holders were amendment was passed almost unanimously, and
consequently easily discouraged and dislodged under places the Associated Press in the category of trusts;
the influence of heavy sales made to depress prices, indeed every corporation, co-partnership, firm or in­
uncovering, as they did,
all thinly-margined dividual which may gather items of new3 for sale is
accounts.
The liquidation was likewise in some put under a ban. As is well known, the Associated
measure
stimulated by the character of the Press is simply a body of individuals which gathers in­
from
all parts of the world for
loan market.
For although money has been formation
easier, this situation only apparently favored the the benefit of those newspapers that are included
weak holder, because in his case accommodation within its membership. The Association does not
has become harder to get, as evidenced in the fact give this news to any newspapers except such as are
that margins demanded on collaterals have grown dis­ members, and it admits only such members as it
tinctly broader than they were a short time since, and chooses. There have at times been two organizations
especially on applications of more needy borrowers. of that character existing contemporaneously, and
Coal stocks were probably the least affected by the the field is so entirely open that nothing except brains
demoralization, while Brooklyn Rapid Transit and and money prevents the formation of other like asso­
Traction stocks were the greatest sufferers, though ciations. All then any body of men that feels aggrieved
even a few railroads showed large declines. Perhaps at the existing condition of things has to do, is
a greater surprise than the foregoing is that on the to organize and employ correspondents, covering, as it
following day the whole face of affairs changed. chooses, either one county or one State or one country
Whereas during the first two days, and especially on or every part of the two hemispheres, and so set up a
Tuesday, sentiment was wholly pessimistic, on Wed­ rival concern.
But apparently the people of Texas, unless they
nesday a decidedly buoyant feeling prevailed and
large recoveries in prices were established. Since can have their news served alike in every newspaper
then the feeling has been more quiet, the close yes­ in the State, are determined not to have anything
terday showing continued irregularity. Conditions published that is newsy, desiring we presume to
which permit of these intermittent flushes, alternate confine the press and themselves to clippings from
chill and fever—a state that has prevailed now for the cyclopedias. FTo more able and enterprising
weeks— evidently indicate a deeper than a surface journals are to-day issued anywhere than Texas
cause and are not favorable to and do not encourage produces, but the Legislature proposes to bring
down the best to the level of the worst, ruling out as­
investment buying.
sociated press organizations and even individuals who
The circumstance that the pressure was most se­ gather and sell news, by adjudging them mon­
verely felt on Monday and Tuesday and most easily opolies, “ subject to all the pains and pen­
yielded to by the Rapid Transit and Traction stocks alties provided in this A ct,” unless forsooth such
points to a feature in the situation which is no doubt associations or individuals “ sell to or exchange with
to-day a very prominent source of public uneasiness. newspapers not members of said associations any news
We referred to it last week in speaking of the Ford items or press despatches” gathered or purchased by
Franchise Tax bill. We do not mean that bill alone; them. In other words success is criminal and must be
we have more in mind the spirit which produced condemned not only to carry its own burdens but be
that bill, the same spirit that antagonizes every at yoked with incompetency.
Such requirements sug­
tempt by a combination of capital to build up a sue gest that the Texas law even yet needs one more
cessful business.
If Mr. Ford has been cor amendment to bring out its spirit fully and make it
rectly reported, he exposed Monday night the complete and thoroughly comprehensive along the
animus which gave birth to the measure which lines the Legislature has established. Let it be en­
bears his name, and its possibilities, not of good, but acted that “ any man who happens to have more
of evil. In an address delivered at that time before brains or capital or energy than his neighbor,
the People’s Institute at Cooper Union he is reported and who refuses to divide his surplus among
to have uttered these words: “ I venture to say that his townsmen so that each may have the aver­
the attorneys of the corporations haven’ t waked up age quantum for use in the struggle for ex­
to the possibilities of the bill [the Ford bill] yet. istence, and also that every man who having
They will, however, and you will see the stocks of so distributed shall use his portion more ad­
these corporations going down. There will be a cry vantageously than his neighbor and make it more
of ‘ sell short ’ when it comes to the Metropolitan, productive, be adjudged a monopolist.” With that
the Third Avenue Road, Consolidated Gas and other short and simple addition the Texas people can say of
such stocks.” If those are Mr. Ford’s ideas, they their law, as Mr. Ford is reported to have done in his
how that he is in league with the destructionists, address at the Cooper Union Monday night respecting

THE FIN A N CIA L SITUATION.

M ay 13, 1899.;

THE

C H K O N IC L E .

ais measure, that "th e method of my bill is so effectire in its terms and scoje as to be without precedent
in the United States; lut I venture to say it will
hereafter be a precedent for every State.” What a
nolle ambition ! What e glorious outlook ! !
The extremely artificial state of the exchange mar­
ker all the year through las found illustration in the
movement of gold to th« United States through San
Francisco. We have not received our official figures
for April as yet; but the matter is called to mind to­
day by the high rates of exchange that have ruled in
New York of late (very rear the gold-export point),
and yet there have bem during the last Beven day3
both arrivals of gold at :>an Francisco and shipments
of gold for that point, all from Australia. Last
Saturday the Moana arrived at the port named
with £150,000 (say S?5C,000), and on Wednesday there
was shipped from Sydney, N. 3. W., for San Francisco
by the Alameda £150,040 (say $750,000) gold. Since
the first of January there have been monthly arrivals
aggregating an average of about two million dollars,
and the above shows that the movement is still kept
up. The same thought finds further support in the
gold arrivals at New Y ork every week. They are
small, to be sure, but would not be continued and
constant unless they were profitable; that is to say, if
to-day foreign trade conditions controlled the rates
for foreign exchange and tne rates were as high as
they now are, imports of gold at New York and San
Francisco would stop. Yet, although they do
not, we are told that our large trade balance
has all been settled for with securities, and that gold
exports from New York are a certain event during
the summer. We place no reliance whatever in such
forecasts; our information all goes to show that
there is still in Europe considerable American money,
and unless some disturbance of affairs occurs at pres­
ent unforeseen, gold exports from the United States
will not be an event of 1899.
More than the usual interest has been manifested
in the May report of the Agricultural Bureau at
Washington on the condition of the growing wheat
crop. The report was made public after the close of
business on the 10th, and its influence as far as Stock
Exchange values aro concerned has been on the whole
assuring. From this, however, it must not be sup­
posed that the report reflects an absence of dam­
age to the crop.
The feeling of satisfaction is
based on the fact that the farther impairment
of condition daring the late month is found to
have been on the whole comparatively slight, where­
as it was feared it might be very great.
The Bureau
makes the general average of condition 76'2 May 1,
against 77'9 on April 1, a decline of less than two
points. A t 78'2 the average compares with 88-5 on
the corresponding date in 1898 and with 80’2 on May
1 1897.
Moreover, the Bureau says that the mean
of the averages on May 1 of the last ten years has been
85-9. It was thought until recently that increased
acreage would count as a considerable offset to the
loss from impaired condition. The area devoted to
wheat at the time of the sowing of the Beed last
autumn did show a very large addition, but on ac­
count of the severity of the winter a consider­
able portion has now had to be plowed up (about
four million acres), leaving the acreage under culti­
vation on May 1 only 25,900,000 acres, or but slightly

89

in excess of the area of winter wheat harvested last
year. The most decided drop in condition during the
month was in Illinois, where the average now is 54
against 74 a month ago; Michigan also suffered a con­
siderable shrinkage, but aside from these two States
the further losses have been small. Still, in the
whole of the Central Western belt a greatly reduced
yield as compared with last year must be looked for­
ward to.
In Ohio the condition stands at 82, just
the same as in May of last year, hut for Indiana the
figure is 68 against 87, for Illinois 54 against 86, for
Missouri 65 against 88, for Kansas 64 against 105,
and for Michigan 60 against 95. On the other hand,
in California, where the crop in 1898 was almost a
complete failure, the promise is exceptionally good
this year, the condition the last month having fur­
ther improved three points, raising it to 96, as against
but 26 in May 1898.
The state of the iron and steel trades is a subject
which is now being watched by an increasing number
o f interests. Not only will the developments there have
an important bearing on our domestic and our foreign
trade alike, but the matter comes directly home now
to a large number of persons who deal or invest in
the shares of the companies controlling properties in
that industry. In a subsequent article we show the
extent and magnitude of the iron and steel combina­
tions which have recently been formed or announced
as in prospect. It will be observed that they repre­
sent an enormous share capital. Hence the fact that
the iron and steel trades continue to manifest
great activity and prosperity is a circumstance
of much moment. The " Iron Age ” gives this
week its monthly compilation of the number of iron
furnaces in blast, with their weekly capacity, and
this shows a new high record established.
In
other words, during April the number of active
furnaces was increased by 12, adding 4,349 tons
per week to the weekly capacity, and raising the
number to 217 and the gross weekly capacity to 250,095 tons. Since March 1 there has been an addition
of 21,900 tons per week to the product, being at the
rate of II million tons a year. At 250,095 tons per
week, aggregate production is at the rate of 13,000,000 tons per annum. In the whole history of the
iron trade, the yearly out-turn has never previously
reached even twelve million tons, the make of iron in
1898 (the largest ever attained) having been 11,773,934 tons.
The most significant fact, however, in connection
with the present steadily rising product is that sim­
ultaneously stocks continue to diminish.
We re­
ferred to this feature in previous months, but the
movement Btill continues in progress. The " A g e ”
reports the total of furnace stocks, sold and unsold,
May 1 at 280,708 tons, against 311,963 tons April 1 and
544,024 tons last December, while the stocks of war­
rant iron held May 1 were 86,500 tons against 109,700
April 1 and 160,800 Dec. 1. The "A g e ” thinks the
indications are that the iron markets are again reach­
ing a critical period, and says it will require
tact and forbearance on the part of producers
and consumers alike to prevent another sharp
advance.
It says leading producers are "so ld
u p ” for the third quarter and many beyond that
period.
Of course radical advances are to be
avoided if possible. If carried to extremes, serious
adverse effects on the domestic and foreign trade

898

th e

c h r o n ic l e

alike might follow. We notice that in a letter writ­
ten by Andrew Carnegie and printed in the “ Iron
Trade Review,” Mr. Carnegie takes a very hopeful
view of the future, and in discussing the foreign de­
mand points out that prices on the other side are still
advancing, suggesting that even at present prices
the United States may,'so long as this situation lasts,
find a market abroad for considerable^uantities.of iron
and steel.
Conferences of our railroad managers with the
members of the Inter-State Commerce Commission
are evidently becoming a regular feature of affairs.
We have already referred to some of the previous
meetings of this character. This week there have
been two other meetings, between fifty and sixty
representatives of the roads being present at that of
the Western lines on Wednesday and about twentyfive at that of the Southern lines yesterday.
As
on former occasions, the results seem to have
been highly satisfactory.
No conclusion was
reached at the first meeting on the question
of relative rates on import and export traffic, which
has been a troublesome one for some time, the matter
being referred to the Western Traffic Committee, with
instructions to devise a plan and submit it to the
trunk-line managers. In other respects the outcome
fully met expectations, and those attending the
gathering expressed themselves as well pleased with
what has been accomplished. As we have before
pointed out, these conferences are in every way to be
encouraged. They are proving highly beneficial. One
evidence of this is that, notwithstanding some slight
special disturbances, rates as a whole thus far in 1899
have been better maintained than has been the case
for years. They are also very useful in promoting
harmony among the roads themselves and in bringing
the roads more closely in accord with the Inter-State
Board.
The market for money, though active, has been
easier this week, and had it not been for more or less
disturbance caused by shifting of loans incident to
the violent liquidation in the stock market early in the
week, doubtless a lower average for call loans would
have been recorded. Considering the fact, however,
that the borrowing is very largely on call and that
considerable money is required for financing new
corporations, the average of 4 per cent for the week
will not be regarded as high. Money on call, repre­
senting bankers' balances, has loaned at the Stock
Exchange during the week at 6 per cent and at 2b per
cent, averaging, as above noted, 4 per cent. The
higher rate was recorded on Tuesday late in the
afternoon, and only a small amount was loaned at
that figure.
Eliminating this transaction, there­
fore, would make the range for the week from
4£ per cent to 24 per cent and the average would be
slightly below 4 per cent.
On Monday the extremes
were 4£ per cent and 2b per cent, though the bulk
of the business was at 4@4jj per cent. On Tuesday
loans were at 6 per cent and at 3b per cent, with the
majority of the transactions at 4j per cent, there be­
ing a good demand for money caused by the decided
fall in stocks. On Wednesday the range was from
4b per cent to 3 per cent and on Thursday it was
from 4 per cent to 3 per cent, with the majority of
the transactions each day at 4 per cent. On Fri­
day loans were made at 4 per cent and at 3b per cent,

.

[Von. LXVIH.

the bulk of the transactions being at 4 per
cent.
Banks and trust companies quote 4 per
cent as the minimum, some, however, obtaining 4J per cent.
Timfe contracts on good
mixed Stock Exchange secirity are freely offered
on the basis of 3@ 34 per cei t for sixty to ninety days
and 4 per cent for four months, or for longer periods.
Even where the collateral
paying listed industrial stocg, loans are made at 4 per
cent for four to six montlnj; but much consideration
is given by lenders to the tame of the borrower. A
loan on a larger proportion of industrials would com­
mand 4^@5 per cent for four to six months, but it
would require to be very wet margined. The supply
of commercial paper is not so liberal as was expected,
and city buyers are disposed to wait for larger offer­
ings and better rates; consequently business is some­
what restricted. There is, lowever, a good inquiry
from the interior. Rates are 3 f per cent for sixty to
ninety-day endorsed bills receivable, 3f @44 per cent
for prime and 4-J@5i per ctnt for good four to six
months' single names.
The only important feature in the European
financial situation is the pendency in London of ne­
gotiations for a Japanese 44 per cent loan for £10,000,000, which it is reported will be offered at 90.
There are also rumors of a new Russian loan. The
Bank of England minimum rate of discount remains
unchanged at 3 per cent, but the Imperial Bank of
Germany has reduced its rate to 4 per cent from 4b
per cent, at which it has stood since February 21.
T he cable reports discounts of sixty to ninety-day
bank bills in London 2^@2 3-16 per cent. The open
market rate at Paris is 2f per cent and at Berlin
and Frankfort it is 34@ 3f per cent. According to our
special cable from London, the Bank of England lost
£20,422 bullion during therveek and held £30,397,686
at the close of the week. Our correspondent further
advises us that the loss was due to exports of £50,000
to the Cape, to shipments of £260,000 net to the in­
terior of Great Britain, and to the import of £290,000,
of which £260,000 were bought in the open market
and £30,000 were from Australia.
The foreign exchange market has been lower this
week, claimed to be influenced in some degree by
offerings of bills against securities bought in our
stock market for European account. It is fair to as­
sume that the ending of all suspense regarding the
remittance of the Philippine indemnity, which was
an important factor in the market until last week,
has exerted more or less influence, especially by
inducing sales of exchange, which were speculatively
bought in the hope of supplying the expected demand
for the above-mentioned remittance. The downward
tendency has likewise been aided by the absence of
important inquiry and also by a better supply of com­
mercial bills, drawn chiefly against grain and provis­
ions. Another factor has been the easier tone in the
London discount market. The decline in rates for
actual business this week has carried them to about
the figures ruling April 21, when the demand in an­
ticipation of what was supposed to be the require­
ments of the remitters of the Philippine indemnity
became distinctly noticeable. Rates rose, it will be
remembered, to 4 85f @ 4 86 for long and 4 87J @ 4 88 for
short by May 1, or fully one cent compared with those on
April 21, and, as now appears, the advance was almost

THE

Mat 13,

whilly without reason, the exchange lor the Philip­
pine indemity remittance haring nearly all been proridel for. The steamship Alameda left Sydney, N. S.
W ., .>n May 10 with £150,0(0 gold for San Francisco.
An arrival of gold at San Prancisco was reported last
Satn’day of £150,000 by tie Moana from Australia.
Arm ais of gold at the Nev York Custom House for
the week were $253,106, of which $231,600 were from
Europe. Though the nominal rates for exchange
opened on Monday without alteration at 4 861 for
sixty-day and 4 8S4 for sigh;, there was quite a gen­
eral reduction on the following day of half a cent, and
after Wednesday, when Biown Bros. & Co., Heidelbach, Ickelheimer & Co. aid Lazard Freree reduced
their rates, the range was from 4 854 to 4 864 for
sixty-day and from 4 874 to i 884 for sight. On Fri­
day a reduction in the highest rate made the range
from 4 854 to 4 86 for ths former and from 4 874 to
4 88 for the latter. Rates fir actual business opened on
Monday unchanged, compared with those at the close of
Friday of last week, at 4 854@4 854 f°r long, 4 874@
4 874 for abort and 4 87|@i 88 for cables. On the followingday there wasa reduction of one-quarter of a cent
all around, to 4 85@4 8.r4 for long, 4 87<g,4 874 f° r
short and 4 874@4 87J for cables, and the market was
weak, influenced as above noted. On Wednesday there
was a further fall of one-quarter of a cent in long and
short, to 4 84J@4 85 for the former and 4 86|@4 87
for the latter, while cables remained at 4 874 @ 4 87f,
and the tone was easy. The market was barely steady
on the following day, though not quotably lower, and
it was steady on Friday. The following shows daily
posted rates for exchange by some of the leading
drawers.
DAILY POftTKD BATES T O X FOREIGN EXCHANGE.
FBL
MO*May & M ays
4 mu
■ rovu Bros----- 4**8
Baring,
) 60 day*.
Magoan 4 Co.. JSight—
Ban* 8rltJ*h
) 00 day*
Jfo. America.. } SightBank o f
I (SOday*.
Montreal . . . . . (Sights
Canadian Bank (00 day* 4 8*4
o f Cotnmeree.. <S ight.... 4 - 8 4
HeJdelhnch, l e t - 1 60 day*.
eihebaer k Co. 1 Bight-.. * s » J
4 0*4
Isw i.*” : 4 * 8 4
Merehanu' Bk. 100 day*, 4 0 4
o f Canada.. .. 4 Bight4

183

W»r*. T a r n . ra i.
Hay 10. .*<»» a iMoy 12.

T en*..
May 9.
88
m

3Sit -8 4 08sss
iSS 33 88
90
*4
0*
iwS 8e»H
281 33
9*4
884
5*4
«4

Sfl

*8

m u

58
»
ao

psvu

m

133

S3

88

88

88

m
m
88
98

m
68
m
m
?*4
68U
564
774

S3

88
m
88
88
£»8
8*

U
S
m
?8

8*4
074
m
tfi
554
874
60
S8
m
68
864
671,
564
67*
50
8*

The market was steady on Friday with rates for
actual business 4 84J@4 85 for long, 4 8$i@ 4 87
for short and 4 874@4 87f for cables. Commercial on
banks 4 844@4 84-4 and documents for payment 4 834
@ 4 844- Cotton for payment 4 834@4 83J, cotton for
acceptance 4 844@4 844 and grain for payment
4 S44(&4 844.
The following statement gives the week’s movement
of uumey to and from the interior by the New York
banka.
W u k E n d in g M a y

19. 1899

R m 4v4d by

S k ip p e d b y

1

| Net

V. 7 . Bank*. S . 7 . B a n k *.,

S»9

C H R O N IC L E

iP t t f it t
M o v e m e n t.

May 12, 1888.

May 11. 1886
Bank of

Gold.

8
England....... 80,387,686
73,038,884
France......
Germany...... 20,088,000
07.123.000
Aiurt.-Hnng’y 36.044.000
Spain............ 11.664.000
Ita ly .............. 15.604.000
3,833,000
Netherlands
NaLBelglnm. 3*070,000

Silver.
S

j

Total.

Gold.

SiltJsr.

Total.

X

£
84,560,412
74,518,720
28.440.000
111,322.000
35.361.000
0,834,000
16.368.000
8.853.000
2.927.000

JL

&
34,689,412
128,368,680
43.091.000
116,774,000
47.893.000
15.095.000
17.196.000
0,760,000
4,891,000

48,230,970 121,269.504
14.984.000 j 44,072,000
4,030,000 :101,753,000
12.696.000 j 48,639,000
12.670.000 24,333,000
2 65P.OOO 18.163.000
0,811,000 10,644.000
1,640,000 4,610,000

48,839.960
14.061.000
4.453.000
12.532.000
6.801.000
1.840.000
6.907.000
M 0 4,000

Tot-this week 299,781^80 104128970 408,890,250 315,181,132 90.540.660 411.728,002
T ot. prer. w’fc 290.15(3.880 104525**761403,689«8&5 314,803.582 07,236,067 412.038,509

STEEL A N D IR O N CON SOLIDATION S.
The announcement that the Carnegie-Frick and
allied interests in the iron, steel and coke business
are to be consolidated is not a matter of small mo­
ment. Taken in connection with the other great
changes in the personnel of the trade the past few
months, it is an occurrence of the first import­
ance. This will prove true even if the greater con, aolidation, the consolidation of consolidations, which
|certain interests are seeking to effect, should fail of
accomplishment.
In a general way it is known to all that the spirit of
i combination which has affected American industries
so materially of late has found lodgment among the
producers of iron and the makers of Bteel. It is only,
however, when we group together the names and cap­
italization of the companies produced by these consol­
idations and remember that each one of them is
counting on an increased output through an invasion
of foreign markets if possible, and then note the steps
taken by concerns still independent to extend their
field of operation, that we appreciate the full extent
of the revolution to which onr iron and steel industry
has been subjected the last half-year.
The following table brings together the chief con­
solidations of iron, steel and allied interests that have
gone into effect or been definitely arranged and shows
the amount of their capital s
1 the number of
companies absorbed by them:
IMPORTANT CONSOLIDATIONS.

No. o f
y C om p a n y
D ate when
aJ S lock .----------* com ’*
a n d iU ca p a city .
Tncorp'd.
C om m on.
P r e ferre d , acq'd .
F ed era l S teel 0 0 . . ___S ept. 9 , ’ 98 f 4 6 ,4 8 4 ,3 0 0 (a )$ 5 3 ,2 5 3 .5 0 0
s
( Billots, rails, etc,. 6,000 tons dally.)
A m er. Steel A W ire .J a n . 1 3 , ’ 99
4 7 ,1 0 0 ,0 0 0 (0) 3 6 ,1 5 0 ,0 0 0
20
(Say 2.600,000 tons yearly).
A m er. T in P iu te C o ....D e c . 15, *98
2 8 ,0 0 0 ,0 0 0
1 8 ,0 0 0 ,0 0 0
S8
(Say $00,000 ton# yearly.)
N a tion a l S teel C o ........ F e b 2 7 , ’ 9 9
3 2 .0 0 0 .
0 0(e)
0 2 6 ,0 0 0 ,0 0 0
7
(I.HOO.OOO too* yearly.)
1 9 .0 0 0 .
000 1-4,000,000
9
A m . S teel H o o p C o . . ..A p r . 1 4, ’ 9 9
(700,000 tons yearly;)
R e p u b lic Tr A st.. C o...M a y 3 . *99
2 7 .0 0 0 .
0 0 0 2 0 ,5 0 0 .0 0 0
36
(000.000 tons yearly, i
E m p ire S t. A Iro n C o . . M ar. 1 4 , ’ 99
2 ,5 0 0 ,0 0 0 (d) 2 ,5 0 0 ,0 0 0
7
(291,ihj© tons yearly.)
V ir g in ia I. C. & O. C o. J a n . 1899
7 ,6 0 0 ,0 9 0 « )
30
.................
(SOO.'XXJ tons pig yearly.)
1 5 .0 0 0 .
000 1 5 ,0 0 0 ,0 0 0
U. 8. C ast-Iron P . A F .M ar. 3. *99
8
(450.000 tons yearly.)
3 0 .0 0 0 .
0 0 0 3 0 ,0 0 0 ,0 0 0
N a tio n a l T u b e G o . . . ..........In 1899
16
(| J31.C00 tens yearly.)
20.000. 000
N at. E n a ’ g A S ta m p ’g .J a n . 2 1, *99
1 0 ,0 0 0 ,0 0 0
4
C a r n e g ie Steel C o ____ M ay 4, ’9 9 ’ 1 2 5 ,0 0 0 ,0 0 0
* 1 2 5 ,0 0 0 ,0 0 0
15
(Say 2,600,000 ton* yearly.)
T o t a l................................................... $ 3 0 9 ,5 8 4 ,3 0 0

$ 3 5 2 ,4 0 3 ,5 0

s l9 t

E stim a ted , n o t yet. a n n o u n ce d : b o n d * (t). x T h ere a re also b o n d *
Gold......................................................
824.000
813,000, Gain.
XX. 000 as f o l l o w : (a) $ 2 8 ,3 3 4 ,0 0 0 ; <b) $ 7 3 0 ,0 0 0 ; (c) $ 2 ,5 6 1 ,0 0 0 ; (rf) $ 26 5 ,0 0 0 ;
1 (e) $ 7 ,5 0 0 ,0 0 0 .
Total gold and legal tender*..... S8.OM.000 M.«n,ooo!e*tn.ti,«!7,oco
y O th e r r e c e n t eo n o o lld a tlo n s uainic Im ore |or less Iron an d ste e l In
j m a n u fa ctu re d p ro d u ct* are th e fo lio w i n y ; A m e r ic a n B a d la t o r C o.,
c o m m o n , $ 5 ,0 00 ,0 0 0 -, p re fe rr e d , $ 5 ,0 0 0 ,0 0 0 ; In te rn a tio n a l S team
With the Sub-Treasury operations the result is as P u m p C o., o o m m o n , $ 1 5 ,0 0 0 ,0 0 0 ; p re fe rre d , $ 1 2 ,5 0 0 ,0 0 0 ; P re »»e d
Steel C a r C o., co m m o n , $ 1 2 ,5 0 0 ,0 9 0 ; p re fe rre d , $ 1 2 ,5 0 0 ,0 0 0 ; In te r
follows.
n a tio n a l H e a te r C o., $ 1 ,8 0 0 ,0 0 0 ; to ta l ca p ita liz a tio n , $ 6 4 ,3 0 0 ,0 0 0 .
s I n clu d in g ra ilro a d * , etc.
I/U o
CRMo/
N e t OkanH **«
» « t n 4 . n i .V a t It, 18W.
This compilation is remarkable in several respects.
B anka.

B a n k *.

B a n k S o ld i

In the first place the twelve companies concerned
have a total stock capitalization of more than 4700,Total gold and legal tender*---- - Isss.m.ooo *37,713,00010*lfl. 11,637,000 000,000, and this is after taking, in nearly every
The following table indicates the amount of bullion instance, the amount of stock actually outstanding or
in the principal European banks,
arranged to be issued and not the total issue author-

Bant*’ Interior f o o t era*nt, ae abore 88.039.000
Rnb-Treaeary operation*...,......... . 99.300.000

84,412,000 0 ktu 11,627,000
IS. SCO,000 0»ln 11,000.000

900

THE

C H R O N IC L E .

ized by the articles of incorporation. In the case of
the Carnegie Steel Company to be on the safe side,
we hare estimated the issue presently to be made at
just half the amount talked of for the company in the
daily press. If we take 500 millions as the capitaliza­
tion of the Carnegie Company, the total shown by our
table would exceed one thousand millions. In tho
second place the incorporation of all these companies
has occurred since the first of last September. The
American Steel & Wire Company alone may be said to
date back a few months earlier than this, inasmuch
as seven of the twenty concerns united by it were
first brought together in March, 1898, by an Illinois
company having the same name as, and subsequently
merged in, the present corporation. In the third
place these twelve great companies have absorbed
nearly two hundred existing concerns of various
kinds. As a matter of fact the total of merged com­
panies is not fully shown, since to some extent they
themselves were the result of earlier consolidations.
Thus the Federal Steel Co., one of the principal of
the new organizations, figures in the table as formed
of six companies, but the Illinois Steel Company, one
of its constituent properties, was itself a consolida­
tion.
A fourth point of interest is seen in the fact that a
considerable number of these consolidations have
been drawn on very broad lines and with a view to
the highest degree of economy in operation, elimi­
nating not alone the middle man handling their raw
material, but the original producer of the raw ma­
terial. In other words, the plan has been to equip
the leading companies with iron mines from which to
get the necessary ore, the transportation facilities to
carry it (in two cases railroad lines, as well as steam­
ships on the lakes, are provided), the furnaces to
smelt the ore, and even in a measure coal mines, coke
ovens and lime quarries. The map in T he I nvest­
ors’ Supplement, on page 154, indicates in graphic
fashion the comprehensive nature of the property of
the Federal Steel Company, including as it does not
only manufacturing plants at Chicago, Joliet and
Milwaukee, at Lorain, Ohio, and Johnstown, Pa., but
iron mines in the Mesaba Range in Minnesota, a rail­
road to carry the ore to the company’s docks on Lake
Superior, steamship lines to carry it thence to the
different plants, a railroad connecting the Chicago
and Joliet plants with the lake and the railroads en­
tering Chicago, coal mines in Pennsylvania, etc. The
American Steel & Wire Company, barring the rail­
roads, has the same kind of facilities. The Republic
Iron & Steel Company also owns extensive coal and
iron mines, as well as coke ovens and blast furnaces,
to supply its rolling mills. The National Steel Com­
pany, owning blast furnaces and rolling mills able to
supply 1,800,000 tons of steel a year, has within a
short time, it is stated, acquired iron mining inter­
ests on the Mesaba Range and also coking coal in
Pennsylvania. The American Steel Hoop Company
and the American Tin Plate Company are closely
allied to the National Steel Company, and the talk of
uniting the three into a single corporation is based on
the appropriateness of making the manufacturing
companies independent of market variations as re­
gards the raw material.
But the activity in the production of iron and steel
is being quickened not alone by the great consolida­
tions.
The companies not included in these are
many of them extending their field of operations

[VoL. LX VIE!.

materially, and are likely t prove an important factor in the situation. The tiitnes have been propitiouj
for securing new capital fqrr this purpose. The following table contains the le,iding independent concerns that are having their si ope of action broadened,
rn capital or through the
either directly with their
intervention of a new compajly organized to that erd:
O L D C O M P A N IE S W H O S E O P E R A T IO N S A R E B E IN G E X T E N D E D B Y NBW
C O M P A N IE S O R ♦ T H E R W IS E

How x Outstanding
New
When
xStodc
Old Company.
1 rented.
Stock.
: Company.
Organized. Aut'k.
Cambria Iron Co. .Leased. .a$8,468,000..CHmbria 8teel C o ..N ov .,’08.^116,000000
Betb’em Iron Co. .Leased.. 57,500,000..1bthl’m Steel Co .Apr.,’99. 215,000,000
1,500000
Wellman S. A I . . . S o l d ............................ Tflew’terSteel Co. Apr.,’99.
3,000000
^Diamond St ate S.. L ea sed ..
(?)
Dkmond rjteelCo.M ay,’99.
Park Bros.&Co.(Pitts.)Sold ..................P«Tk Steel C o......... Mar.,’99. 10 . 000,000
/490,XH)
rn
fVinl A
t T
0 0o0 ,v
0 0w
0 ij A
»P
8.
1 on„
enn. Coal
I ..................... r
c 2a1.m
A l,l\Steel
g teel &
& Ship’*.
W ire .. June,
No v„ >
98.
------

2 .000,000

Col. Fuel & I r o n ............... dlS,000,000.(NeV ateel w ’kgIn 97-98cost 400,000)
Penn. Steel............... .......... e6,250,0(0. (Finciat plan likely any time)
T otal...............................$56,218,000..

$47,990,000

x There are also the following bonds outstanding: (a) $2,600,000; (5) $1,851,000; (c) $9,200,00 >; (d) $7,857,000; (e) $d.283,<bj; (/) $1,100,000. v Only $960,000
to be paid in to June 2,1899. z Only $300,00 called.

New companies, it will be sefen, have been organized
with a total authorized capiial of $47,990,000, em­
powered to purchase outright dr to lease, or to operate
in connection with, the old companies. Two of the
new concerns, however (Cambfia Steel and Bethlehem
Steel), will not reach their Maximum requirements
for new capital for several years to come, and of their
total capital stock ($31,000,00(1) only $1,260,000 will
have been paid in on June 2. Allowing for this and
adding the capital stock of the old companies in so
far as it remains outstanding, we find the total capital
of the several companies to be $74,448,000.
In the next table we give a summary of the com­
panies already mentioned and add to the list three
other concerns that deserve recognition, in order to
furnish a more complete idea as to the size of the in­
terests involved :
G E N E R A L SU M M A R Y .

N a m e o r cla ss o f co m p a n y .
Stock.
I m p o r ta n t co n so lid a tio n s
(as a b o v e ), s a y .................. $ 7 5 0 ,0 0 0 ,0 0 0
C om p a n ies as a b o v e e x ­
te n d in g o p e r a t io n s .........
7 4 ,4 4 8 ,0 0 0
A d d o th e r la rg e o o ’ s, v iz .:
S loss I r o n & S te e l C o ........
5 ,0 0 0 ,0 0 0
L a ck a w ’ a I r o n & S teel C o .
3 ,7 5 0 ,0 0 0
J o n e s & L a u g h lln C o. o f
P it ts b u r g .............................
4 ,0 0 0 ,0 0 0
G r a n d t o t a l..................... $ 8 3 7 ,1 9 8 ,0 0 0

B o n d s.

T otal.

$ 3 9 ,1 2 5 ,0 0 0

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

2 7 ,7 9 1 ,0 0 0

1 0 1 ,7 3 9 ,0 0 0

4 ,0 0 0 ,0 0 0

9 .0 0 0 .
000
3 ,7 5 0 ,0 0 0
4 .0 0 0 .

$ 7 0 ,9 1 6 ,0 0 0

$ 9 0 8 ,1 1 4 ,0 0 0

The total capitalization here shown exceeds 900
millions, and yet, as will be remembered, it includes,
on a basis of 250 millions, the Carnegie consolidation,
which may have considerably more than this. Were
the compilation strictly complete as regards the con­
cerns producing iron and steel, the total would reach
a still more imposing aggregate, while if the allied in­
dustries were given adequate representation the total
might be enormously swelled. Certain consolidations
that have been on foot would alone make a notable
change in the result. These include the iron and
steel bridge interests, representing a reported capital­
ization of about $50,000,000; the metallic roofing
companies, $10,000,000; the projected Union Steel &
Chain Company, $60,000,000; the horse-shoe trust,
$7,000,000; the safe company consolidation, $17,000,000, the plow trust, $65,000,000, etc. Others might
be added, but it is unnecessary to say more to prove
the extent of the field covered.
The foregoing compilation brings clearly to view
a number of facts that may well be observed to­
gether. First, there has been in recent months a re
markable concentration of interests in the steel and
iron trade. Second, this concentration, to a large
extent, has been of a kind to increase materially the
effectiveness of the country as a producer of iron and

000

M ay 13, 1899.]

THE CHRONICLE

901

The treaty or understanding, whichever it may be,
is likely to be mutually satisfactory. Russia obtains
recognized control of its outlet to the sea; England
gains the right to build and operate railways in the
most thickly-settled portion of the Empire. The
compromise is particularly interesting as marking
again Lord Salisbury's diplomatic methods. His pur­
pose has obviously been, from the first, the assurance
of international peace through peaceful methods.
But the policy’s distinctive character has been the
exchange of a commercial quid pro quo. Not to go
any further back, the diplomatic moves between the
Salisbury Government and Germany will readily occur
to mind. The Kaiser’s hasty telegram to President
Kruger in February of 1896 certainly appeared to
place the two European States in aij attitute of hostil­
ity regarding Eastern and Southern Africa. This
dispute has been entirely smoothed over by a harmon­
ious adjustment of commercial privileges, and within
three or four months it has become the fashion to speak
of Germany as a public ally of Eogland. While it is
true that France last autumn was forced out of its
territorial pretensions in Africa by a show of superior
force, it is highly probable that the rumors of con­
cessions to France, in the way of public recognition of
THE A N G L O-R USSIA N A 6 REE HE X T IN
its suzerainty in other parts of North Africa, had
CHINA.
good foundation. Certainly it would be hard on any
The various rumors which have for some lime been other basis to explain the fact that on the very heels
circulating in regard to English and Russian jealousies of the apparent humiliation of France in the Nile Val­
on the Chinese partition have been for the most part ley came intimations of a friendly adjustment of
set at rest by the agreement announced a few dajs< that other Anglo-French bono of contention, the
ago. It will be remembered that the mutual attitude shore privileges of Western Newfoundland. Within a
of the two Powers not long since became distinctly month or two of these commercial overtures to
threatening. The hostile sentiment in England was France comes the news of the Anglo-Russian under­
aggravated by a seeming diplomatic victory of Russia standing.
at the Chinese Court. A so-called “ palace conspiracy” History will probably credit Lord Salisbury with
resulted in the virtual removal from authority of the having in these negotiations grasped the spirit of
young Chinese Emperor, who was regarded as the present-day diplomacy more positively than any other
friend of England. His Ministers, who had favored statesman. If he is to enjoy a conspicuous place in
the administrative reforms advised by England, were the gallery of European diplomatists, this will un­
disgraced, and in some cases escaped with their lives doubtedly be his claim to it. The prestige of a for­
only through taking refnge under the British flag- eign minister, and his place in history, always depend
For a time it was doubted whether the Emperor him­ on bis capacity for comprehending the real position
self was still alive.
and impulses of governments, and shaping his own
Following this incident came open claims by Rus­ policy so as to fit them. Walpole s title to eminence
sia, particularly in regard to concessions for railway in diplomacy rests largely on this achievement. He
construction in interior China, and the claims met understood, as contemporary continental statesmen
with concessions, on the part of the G'hiuesc Gov­ did not, that. Europe was exhausted wflth war, and
ernment, so sweeping that it was thought that needed a period of peace in which to repair its re­
prior grants to England were arbitrarily superseded. sources: and his means to attain this end was the
The anger of the English people and press burst forth steadfast maintenance of English neutrality in such a
for a day or two, almost as violently as it did some way as to preserve the balance of power in Europe,
months later in the dispute with France regarding and an exchange of commercial rights and privileges
the upper Nile. But the outburst quieted so rapidly with other States, wherever possible, as the basis of a
as to suggest to shrewd observers that the British treaty. Bismarck, seeking the same general end a cen­
Foreign Office had dropped a hint against premature tury later, conceived the purpose of accomplishing it by
agitation. The suspicion is verified by subsequent erecting so formidable systems of offense and defense
events. There was a season during which English ex­ that nations would shrink from war. Salisbury has
asperation was again directed at what seemed to be a borrowed something from the arts of both statesmen;
policy of surrender on the part of the English Govern on the one hand carrying to its extreme the system of
ment. Now it is semi-officially announced, and no a sea armament, and on the other recognizing that in
doubt correctly, that a friendly understanding has an epoch when nations were seeking for colonial ex­
been reached between the two Powers: that England pansion, the surest guaranty of peace, for the time
recognizes Russia's “ sphere of influence” in Man­ at any rate, lay in a formal and equitable division of
churia, where the Russian Government wishes to con­ oolonial dominion or prerogative. It may be recalled,
trol the railroad serving as an outlet from its own in the same connection, that while Lord Salisbury was
Siberian dominions to the coast, while Russia re­ apparently forced into the international movement to
sponds by recognizing England's prior right to com­ occupy the Chinese coast, he was in reality the author
of the African partition treaties.
mercial occupancy of the territory below Pekin.
steel articles at minimum cost. Third, the presump­
tion is that in so far as the consolidated companies
organized are complete units in themselves, and are
so situated that they “start at the bottom and have
all the profits there are, from ore to finished
material,” it will prove difficult to make them
see any advantage in surrendering their identity in
favor of greater consolidations. Fourth, the enter­
prise shown in the case of the smaller companies in­
dicates competition that would stand in the way of
any would-be monopoly. This is made more promi­
nent by the apparent success that is attending the
preparation for a new fifteen-million-dollar steel plant
at Buffalo. Fifth, the most promising field for the
union of large iron and steel companies seems to lie in
the direction of an alliance of those that manufacture
staple articles of the me:al with those that can supply
the iron and steel bars and plates. Finally, the
changes in the entire industry are of such recent
origin that little knowledge can be had for months to
come, either by ourselves or the world at large, of the
effect the changes will have on foreign or even on
domestic trade.

902

THE CHRONICLE

[Y o l . LXVIII.

How far diplomacy conducted on this two-fold Russia needs, and that Russia possesses the annual
basis can have permanent results, is the question grain surplus which English onsumers need; two facts
which the Twentieth Century must solve. We have which the Russian Minister set forth as fundamental
hitherto pointed out the intrinsic and inevitable weak­ in his recent assent to the hinese settlement. The
ness of the plan of a constantly increasing armament. two States, therefore, are neither industrial nor com'
Such increase cannot in the nature of things go on mercial rivals, which in theses days is a matter of very
forever, and yet, beiug strictly competitive in princi­ great importance in diplomacy, We shall not un­
ple, no nation can ever check the increase until all its dertake to reason out this interesting view of the
rivals halt simultaneously. The world will learn more situation. It is at least a hopeful sign, however,
of the outlook in this regard when the forth­ when Russia, by openly acknowledging an agreement
coming peace conference of the Czar begins its with Great Britain in tht interest of peace, gives
some earnest of sincerity in| the recent imperial pro­
deliberations.
But there is also an element of great doubt in the fessions.
expedient of diplomacy through formal territorial
partition. In past epochs of the world’s history,
COMMERCIAL EDUCATION ,. *
such agreements hjive frequently been used as a basis on
1
which to found assurances of international peace,
but rarely proving to be a permanent bond of friendship. It has been announced that the Chamber of Com­
The English and French occupation of North America, merce of New York has decided to aid Columbia
in its colonial days, is distinctly a case in point—the University in inaugurating higher commercial educa­
claims of the rival Powers being constantly readjusted, tion to the extent of furnishing salaries for three pro­
but never with permanent results. Much the same fessors. This with the aid of professors now in the
may be said of the French and English occupation of employ of the university will permit the opening of
India a century or more ago. Indeed, the most commercial classes in the near future. The enter­
striking of all illustrations of the weakness of parti­ prise has exceptional importance as the inauguration
tion treaties as a permanent guaranty of peace has of a movement destined to have far-reaching results.
been witnessed within the present decade. The Conflicting theories already exist as to what is a prac­
African treaties of July 1 1890, which were hailed by tical commercial education, and a deep-rooted preju­
Europe as a final solution of the whole disputed ques­ dice is to be overcome against the value of any
tion, had hardly been signed and sealed five years, theoretical education for business as compared with
when Germany and England were fairly at sword’s the ancient method of learning a business by growing
points, and had been less than nine years in effect up in it. It is of no small consequence to the coun­
when war between France and England was immin­ try at large that we should know what has already
ently threatened over this very question of territorial been accomplished in other lands, and what foreign
rights in Africa. It would be rash to predict that experience has taught, both as to methods and as to
the more recent and even less definite settlement of attainable results. Lest any should think that be­
claims on the coast of Asia could be more certain of cause we are now living in times of prosperity,
permanence than this. The truth is, that each suc­ there is no special need of attention to commercial
cessive territorial agreement of the kind means education, testimony that comes to us from
simply that the contracting parties thereby com­ France is significant. A French author of the
promise their differences on a single point. They highest authority, Leautey, in his “ Ecoles de Com­
make no pledges as to future differences on other merce,” says:
matters, and the pledges would probably be valueless If the lesson of our military experience had demonstrated
and borne in upon the public mind the insufficiency of our
if they did.
education, the lessons of our economic experience
The probability is that the hope for peace and civil­ general
are not yet sufficiently impressed in order to show the in­
of our commercial instruction. The recovery
ized progress in the next century lies quite as much in sufficiency
came, moreover, very soon, thus quieting
a resolute sentiment for peace among nations able to ofour business
spirits—ending itself by misleading public opinion on
entirely. One doubted no longer of the com­
enforce their will as in anything else. In one form the subject
prosperity of the country. W hy should we instruct
or another the system of international arbitration mercial
our youth in commerce when commerce was going on so
courts, it appears to us, is bound to come into sreneTal well without it? This recovery of business coming so quickly,
repeated the financial follies of the Empire, which was
use among the nations; but it is also quite possible we
then like a vertigo, which took possession of the nation cor­
that the array of nations ready to join, directly or in­ rupted with the ambition of becoming rich rapidly without
labor. To-day things have changed. W e are paying for
directly, in punishing wanton breaches of interna­ these
The lesson has been terrible. W e now have
tional peace, may become so formidable as to prevent time tofollies.
reflect. And as we see en either side the economic
progress of neighboring nations, we should recognize that
any such demonstrations, unless under the most seri­ our
commercial education lags far in the rear. Everything,
ous circumstances.
then, points to the approaching success of the schools of
Some notion of this kind, we are confident, has commerce.
crossed the minds of the Continental Powers in con­ The earliest commercial school of which there is
nection with our own nation’s recent good understand­ record was founded in Hamburg by private enter­
ing with Great Britain. It may be that the still more prise in 1768. It had a brief life, but left an honorable
recent Anglo-Russian agreement will help in the same record of meritorious work. The next step was taken
direction; for whatever may be said of Russian bur­ by the Ancient Merchants’ Guild of Leipzig, which in
eaucracy and Russian diplomacy, there is little doubt 1831 established the Commercial Institute, which has
that the Czar is personally a man of advanced ideas, for a long time been the model for similar institutions
and that he is individually pledged in behalf of peace. in Germany. The Merchants’ Guild of Gotha had a
A very considerable section of contemporary British school for apprentices in commercial houses as early
statesmen have held for years the opinion that Russia as ISIS, but Leipzig was the first to train would-be
and England were natural allies. They have argued merchants by appropriate theoretical studies. It had
that England possesses the capital the use of which
R e v . H e n r y A . Stitnson, D .D .

* F o r a p r e v io u s a rticle o n th is s u b je c t see th e is s u e o f A p r il 8 .
p age 644.
*

Mat 13, 1899,

THE CHRONICLE

at last report no less than seven hundred pupils. To­
day there are in Germany fifty-five high commercial
schools, with sis thousand pupils. In Austria there
are thirteen, with three thousand pupils; in France
seven: with many schools of lower grade. In estab­
lishing their school in 1849 the Commercial Council
of Prague issued an address to the merchants of Bo­
hemia, in which they said:
We have been obliged up to the present to seek systematic
training for our sons in fordgn countries, at the cost of much
money and great anxiety. In the future we shall find this
at home. W e all recognize, moreover, how greatly such a
theoretical course would ail our young people when they go
into practical life, and how much more useful they are to us
when they have enjoyed tie training of such an institution.
W e send, therefore, an earnest invitation to all members of
the commercial and manufacturing classes o f Bohemia to
assist in the establiehmen: of these useful institutions, and
by cc-operative effort tc leave this honorable memorial to
onr posterity. The purpose of this institution was thus
defined in an address issued by the same body in 1856. It
says : Commercial institutions belong in the same category
with technical institutions in so far as'they have the common
purpose of promoting the material development of onr wel­
fare, bat they are distinguished from them by the funda­
mental principles underlying their foundation. In the case
of the former it is the method o f natural-science training by
which the technical training is accomplished; in the case of
the latter, on the contrary, the thread which runs through
the curriculum, co ordiniting and uniting its various parts,
is not higher mathematics, is not natural tcience, but is that
thorough general cultnrs which embraces the complex of
social knowledge and experience relating to the knowl­
edge of the earth, relating to the economic nature of
its inhabitants and of one’s native conntry. The justifi­
cation of these schools is to be found in the necessity
of the higher scientific training of the merchant. This
appears more and more imperative every day, as this alone
qualifies him to work with such foresight and certainty as is
rendered necessary by the advance of onr social relations.

The movement began in Austria in 1857 with an
association composed of five hundred and sixty mer­
chants of Vienna, and a subscription fund of five
hundred and thirty-three thousand florins. In thirty
years this school reported having had seventeen
thousand students, and having graduated more than
five thousand. Its graduates are in great demand in
commercial houses. Its current expenses are entirely
covered by tuition fees, and it has the largest attend
ance of any commercial school of similar grade. It
early instituted the custom of traveling scholarships,
with which it sends out its young men who have had
a certain practical experience, to make careful study
of foreign centers of trade. At the present time
there are forty of these scholarships, and the posses­
sors of them are to be found in ail important trade
centers with which Austria has connection. This
school at first aimed to train especially for banking,
but the demand was so great that it enlarged its
courses and included special training, for rail­
road, postal and telegraph service, and for in­
surance. Even this did not meet the requirements of
the situation, and it was finally reorganized into a
school to give the higher commercial training an ac­
quaintance with which may be fairly demanded of
every merchant, while at the same time turning out its
students directly into private life furnished with com­
plete theoretical training. The course covers three
years, and embraces three modern languages, com­
mercial geography, including knowledge of the prod­
ucts, population, history, trade, means of communi­
cation and 80 on of different lands; mathematics, in­
cluding commercial arithmetic, with computation in
the currencies of all countries, and the various meth­
ods in use in accounts of every form; physics, chem­
istry, commercial law, the laws of international com­
merce and of transportation, political economy, and
much actual practice in business methods.

903

As early as 1820 two merchants started the Special
School for Commerce in Paris. In 1830 it became
the Superior School of Commerce, and in 1869 was
taken up by the Chamber of Commerce of that city.
It has been very successful, and has been widely in­
fluential, not only in France hut in other countries.
It has a staff of some seventy men and an annual out­
lay of two hundred and thirty thousand francs. Hot
content with this, the Paris Chamber organized in
1881 the School of Higher Commercial Studies, de­
signed especially for training the sons of merchants.
It has a large and beautiful site, with splendid build­
ings, on the Boulevard Malesherbes. Its course
covers three years, and has a faculty of forty-four in­
structors. It receives foreigners on the same terms
as natives, and while it has enlarged its curriculum
to embrace pupils who have had only secondary in­
struction, it aims to do its special work for college
graduates. Its curriculum shows French thorough­
ness, and covers a vast variety of subjects, its aim
being t® snpply the widest theoretical training, to­
gether with exact and definite instruction in methods
in actual use.
The course of instruction which a high commercial
school should pursue has received much attention.
Pupils are to be taught to become good employes,
good buyers, good sellers, good cashiers, good ac­
countants; but the art of buying and selling and the
art of recording these operations do not constitute
the whole science of commerce, nor would they in­
sure the success of any enterprise. The art of organ­
izing, administering and directing is fundamental
and must be based on economic science. The pro­
grammes of the higher schools are intended
to embrace courses upon the various kinds
of industrial and commercial classification, de­
termining the capital necessary for various
enterprises, the establishment of business, the
study of the laws of commerce, of raw materials,
of markets, of workmanship, of general costs, of
commercial and industrial organization and adminis­
tration, of the importance of accounting and methods
of control, the exact determination of the selling
price, the keeping of inventories, the conduct of busi­
ness, material and moral conditions necessary to suc­
cess, of credit, of corporations, of methods of liquida­
tion, of the duties of the employe, of the agent, of
the manager, and of commercial and industrial
economy. Added to these are advanced courses, laid
out with the same minuteness and care, in mathe­
matics, industrial and commercial geography, trans­
portation, tariffs, commercial and industrial tech­
nology, raw and manufactured products, commercial
law, history, political economy, foreign languages,
and the art of public address.
The effect which such training produces is already
recorded in the success of the young German mer­
chants. The director of the Leipzig school in a
recent report makes the following statement:
The extraordinary ability of the young German merchant,
who is coming to be recognized in foreign countries (though
in many cases with great unwillingness and with considera­
ble envy) is no result o f routine work. It is the consequence
of careful and thorough training of onr young people. Onr
mercantile classes shonld therefore derive new courage
from this fact. They should rather make many steps for­
ward than a single one backward. They shonld be careful
not to save time and money at the wrong place. A nation
whose commercial relations are extending throughout all
continents, whose mercantile and Daval marine is well equip­
ped for the very best service, whose banner waves over many
colonies, needs merchants o f insight, financiers o f wisdom,
and inventive and enterprising organizers.

90I

the

[Yon. LXVIII.

c h r o n ic l e .

Two incidental facts have been brought out in the THE NEED FOR A RAPID TRAN SIT ROAD.
development of these foreign schools. One is that it We have received the folk wing interesting letter
is unwise for boys to go from elementary schools Hist from Mr. Stuyvesant Fish coicerning the need for,
into business, with the expectation of returning then and the advantages to be derived from, a rapid tran­
to the commercial school for a period of further sit road in New York City. 'The communication was
education. It is much easier for a young man to a private one, not intended for publication, but in
take up certain subjects and adapt himself readily view of the attention which tlje subject is attracting
to steady work in scientific and practical branches we have obtained Mr. Fish’s consent to our printing it.
when ho joins the technical instruction directly to We leave out the introductory portion of the letter
that of his earlier school life, than when he is inter­ which was personal to ourselves.
N ew Yobk , May 5, 1899.
rupted by experience in a business house, iho years
of study should be completed first. Progress is more William B. Dana, Editor C hronicle,
Sir —
rapid and development is surer when he goes finally D ear
*
*
*
*
into actual business completely equipped and having The C hronicle
, April 29, p. 798,Ways that the elevated and
established thoroughly scientific and intellectual hab­ surface railroads of the boroughs of Manhattan and the Bronx
its. Experience has also shown that an attempt to carried, in 1898, of paying passengers, 504,162,146. For this,
develop commercial courses side by side with other at 5 cents a passenger, they receive^ $25,209,107, being at the
o f $69,063 per day.
courses in the same institution (as is now being at­ rateW hile
correct as showing earning capacity, this overstates
tempted in some directions in our own country) has the payments
Dy the citizens of Man lattan and the Bronx for
not been successful. Such courses interfere with the transit over those
lines, because the fares collected are, in a
healthy development of the other courses for which large measure, paid by non-residents, and their payments
our commercial institutions are established, and in here vastly exceed our payments in neighboring cities.
turn they are themselves uniformly neglected in the As shown below, I believe the population of Manhattan
the Bronx exceeds 2,250/ 00.
1
administration. If therefore we are to do anything andI am
told and believe that a “ noon-day” census of Man­
in this line in our own land, it seems clear that it hattan and the Bronx, recently taken, showed a population at
must be done in institutions founded for the purpose that hour of 3,000,000.
or as distinct departments of the universities. An You can doubtless, from the reports of the elevated and of
nexed courses to schools of lower grade will not ac­ the surface lines, work the thing out more accurately, but to
illustrate, I submit the following:
complish the purpose.
As to the coat of this education, it can be said that
it has been proved possible in European countries for
the schools to be self-supporting after the creation of
Average charge Saving by
per capita
reduction
the plant. With the State of New York paying in
per annum.
to 4c. fa re•
1898 £150 for the support of each convict in her
prisons and £185 31 for each lunatic in her asylums,
while her high-school students cost only £4 45 each, OOO.......................................................
it would seem that there ought ought not to be much Assuming the correctness of the Chronicle’ s figures, with
hesitation over the possible expense of any kind of a population of only 2,250,000, and on the untenable position
education that is now needed.
residents pay all the fares, transit, such as we have, costs
Lest any should think that because of our excep­ that
us, on an average, per capita, only $11 20 per annum, or a
tional material or geographic advantages, and the little over 3 cents a day, and a reduction of fares to four
peculiar business ability of our people, we are not cents would bring to each of us $2 24 in a year.
While on the basis ef the “ noon day” population, (and we
under the necessity of considering these things, it is must
that strangers pay rather more than their full
well to repeat the words with which Prof. E. J. share admit
of fares) the cost is $8 40, and the saving would be
James, of the Chicago University, to whose report $1 68 in a year, or less than half a cent a day. It would cost
to the Government we are indebted for most of our ns a month of added discomfort and delay to save fourteen
data, comments upon England’s relations to the same (14) cents.
subject. He says: “The genius of the people, so Whichever set o f figures may prove to be correct, it is to
mind perfectly plain that the very slight saving in time
eminently commercial, the physical condition of the my say
15 minutes per day (1)4 minutes each way) would be
country, and the many other circumstances which ofworth
more than any reduction in fares, or any in­
have combined to put England at the very head of crease vastly
in taxes. On the other hand, the arrangement re­
the commerce of the nations, have also seemed at first cently made between the Manhattan Co. and the Third
to dispense with the necessity of giving time and labor Avenue Co. seems, from the point of view of the public, to
to systematic school preparation for such occupations. be worse than nothing. To be sure there is a reduction of
but this is accomplished by further burdening the main
On the other hand, the many unfavorable circumstances fare,
lines of the Manhattan and the Third Avenue, which are
which have combined to prevent the growth of com­
blocked by their existing traffic.
merce and industry in Germany, France and Austria, already
Can’t yen take this matter up thoroughly and ventilate it
have brought these nations to the recognition of the in the Chronicle, by working ont the value of the time lost
fact that thorough education along these lines was by the people of New York by slow transit, including therein
the only hope of their being able to compete with not only those who travel, but those whose time is wasted by
of servants, agents, messengers and others coming to
England at all. The result has been what might have delays
and going from them ? My thought is that of 2,250,000 o f our
been expected. Owing to the superior education and
population, the time of less than 250,000 has no com­
training of her youth, Germany has been steadily resident
mercial value. I would place in this class only those who
diminishing the disadvantages of her position, and are bed-ridden or under restraint, and small children not
English merchants are now awaking to the fact not going to school. The time of children going to school is o f a
decided value; so also that of men of mature years who
only that German trade is increasing more rapidly very
affairs and do the thinking, of the women who keep
than English, but that even the trade of England direct
our homes, etc.
herself is passing into the hands of German merchants Apply, now, to the time of 2,000,000 of people the value
who have settled in London.’
established by law for common labor on public works, $2 for
TABLE.

S h o w i n g t h e a v e r a g e a n n u a l c h a r g e p e r o a p it a o n t h e p e o p l e o *
M a n h a tta n a n d B r o n x f o r t r a n s it t h e r e in , a n d th e a n n u a l s a v in g p e r
c a p i t a w h i c h w o u l d b e e f f e c t e d b y a r e d u c t i o n o f t h e f a r e f r o m f i v e (5 )
c e n t s t o f o u r (4) c e n t s .
a

G r o s s p a y m e n ts o f fa r e s a s r e p o it e d b y
C h r o n i c l e p e r o a p i t a p e r a n n u m o n tile
b a s i s o f a r e s i d e n t p o p u l a t i o n o f 2 ,2 5 0 ,-

S a m e o n th e b a s is o f a “ n o o n -d a y ” p o p u la ­
t i o n o f 3 , 0 0 0 , 0 0 0 ...................................................

$11 20
8

40

$2 24
1 68

THE CHRONICLE.

M ay 13, 1899,j

y os

ferent exhibit. A3 a matter of fact, when the cir­
cumstances of the comparison and the conditions
prevailing are considered, it must be regarded as a
decidedly favorable and a highly encouraging show­
ing.
When the gains were running so large last year,
the explanation was found mainly in the extraordi­
nary expansion in the grain traffic of the roads. But
during April of the present, year there was no increase
at all in the grain movement, rather a distinct
falling off. Taking wheat, corn, oats, barley and rye
together, the receipts at the AYestern primary markets
for the four weeks ending April 29 aggregated only
P er cent o f 28,658,187 bushels the present year, against 35,386,Increase
increase
in years, in years. 228 bushels in the same four weeks of last year.
Here then there was a loss to the Western carriers of
about 6f million bushels in this movement. At the
This did not, at titter date, include the eastern part of same time the special advantage of an exceptionally
what is now the Borough of the Bronx, but only Manhattan high price, which proved such a stimulating circum­
Island and the 83d and 24th wards. It is, therefore, well stance to the farming industry a year ago, did not
within bounds to apply similar percentages o f increase in exist the present year. There was likewise a con­
estimating the population in those parts of Manhattan and
traction in the live stock movement in the West and
the Bronx above and below 40th Street for 1900 as follows:
no
very material increase in the cotton movement in
As there were south of 40th Street, in 1895, 916,60-1 resi­
the
South, as against an expansion in both particu­
dents, there will be there living, in 1900, 13*£2£ more, or
1,034,528. And as there wire north of 40th Street, in 189*5, lars in 1898.
Thus Chicago reports deliveries of
934,156 residents, there will be there living, in 1900, 32 01 only 576,698 hogs in April 1899, against 679,311 hogs
more, or 1,233,575.
iu April 1898, while the deliveries of all kinds of live
This gives a population for Manhattan and the Bronx, in
1906, exceeding 2,268,103, of whom five-ninths will live north stock aggregated only 18,-197 car-loads, against 20,037
o f 40th Street—that is to say, from four to fifteen miles from car-loads.
11 must be remembered, furthermore, that the month
the Battery,
While it will not do to assume that their average journey had one less business day than did the same month
to or from business is as great as the mean of those distances, of 1898. This arises from the fact that there were five
9 miles each way, or 18 in all, it will be perfectly safe to put
Sundays in April 1899 against only four in April 1898,
it at 5 miles each way. That is to say, that the average
bread-winner living above 40th Street, whoee vocation takes with the result of giving but 25 working days against
Besides this, navigation on the Great Lakes
him or her from home at all, travels 10 miles on each work­ 26.
ing day in surface or elevated railroads. As the former opened last year in April, whereas tbe present year it
carry about two-thirds and the latter about one-third of all was delayed until the 1st of May. This delay was a
who are moved in public conveyances, we have the fol­
matter of considerable importance to all the great
lowing:
trunk
lines running from Lake Erie and Lake On­
Two-thirds of those moving travel at 6 miles per hour for
tario
to
tide-water. Had navigation been open these
ten miles and use 1 hour and 40 minutes, and one third go
would have received a large grain ton­
the 10 miles in 1 hour. Average time, say, 1 hour and 26 lines
minutes. Rate per hour about 7 miles, or, say, one mile in nage from the lakes for transportation to the
minutes.
seaboard. The decrease of $149,003 in the earn­
A measured mile can be, and has often been, fairly walked
ings of the New York Central is said to be due
“ heel and toe,” in less lime.
It deserves to be
The
could do good service, both to the public entirely to that circumstance.
noted,
too,
that
in
the
case
of
the
Pacific trans-Con­
and to capital, by thoroughly working up this subject of tbe
value o f time wasted.
tinental roads, more particularly those close to the
What we need, and can w ell afford to pay for, is rapid transit i northern border of the United States, like the Northo f the rapideat kind. Of wbat use is it to be whirled all the ! ern Pacific, the Great Northern, etc., there was a
way from Buffalo to S e w York on the Empire State Express
falling oil likewise in the traffic destined for Alaska.
at
miles an hour, if, after we get to 42nd Street, we
In 1898, at this time, the Klondike excitement was at
must waste half an hour in going three miles.
its height. The Oregon Navigation alone reports a
Very sincerely yours,
decrease in the earnings from Alaskan business of
$19,493; the same road also reports a loss in grain
earnings in the sum of about $100,000, the grain
RAILROAD GROSS EAR N IN G S FOR A P R IL . traffic having fallen off in the North- Pacific Coast
Oar compilation of the gross earnings of United territory as well as east of the Mississippi. The
States railroads for the month of April, which wo weather, also, in some cases, continued a drawback.
present farther below, affords perhaps the best indi­ In Colorado the snow blockade on the Colorado Mid­
cation we have yet had of the activity of general land was not raised until April 14.
trade and the prosperity of the carrying interest. Finally, the fact should not be overlooked that the
The increase in the aggregate is on the whole quite comparison is with conspicuously goodreturns of earn­
moderate, reaching only $1,818,638, or4’23 per cent, ings a year ago. Our statement for April 1898 showed
and quite a number of roads have suffered decreases, almost six million dollars increase ($5,967,869), or
36 out of the 125 roads contributing returns being so about 16 per cent, and only 17 out of 130 roads then
distinguished. In contrast with the very striking reporting failed to share in the improvement. The
gains in amount and percentage recorded in many increase of $1,818,638 now shown comes on top of this
of the months of last year, this may seem to those increase, and also on top of increases in all other years
who do not look below the surface like a very indif­ (treating the roads as a whole) back to 1894.
a day of eight hours. One-quarter of an hour is the thirtysecond part of eight hours. The labor of these 2,000,000
being worth at least *4 000,000 a day, a quarter of an hour
saved therein daily would exceed $125,000, which in turn
vastly exceeds the gross revenue of all the elevated and of all
the surface railroads put together.
My contention and firja belief is that a reduction o f fare
below five cents can lead to nothing but more over-crowding
and worse service, and that a saving in time is worth more
even to the poorest person.
The following very conservative estimate of population
above and below 40th Street is submitted as the best attempt
I can now make at guessing the amount of time wasted by
our abominably elow means of transit:
P O P U L A T IO N O P T U B C IT Y O P N E W Y O R K AS T H E N C O N S T IT U T E !!.

1890.

18 9 5 .

80 7.44 7
70 7,86 4

<>16,604
9 3 4 .4 5 6

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

W hole c i t y ........................ 1,515,301

1 ,9 5 1 ,0 6 0

3 3 5 .7 5 9

S o u th o i 4 0 th S tre e t___
N o rth o f 4 0 th S t r e e t ....

C h r o n ic l e

5

13-52
3 2 01

2 2 16

a

St c y v e s a n t F

is h .

THE CHRONICLE.

90d

Bearing all these matters in mind, the conclusion
seems warranted that this further improvement in
earnings reflects very distinctly a great growth in the
volume of general and miscellaneous freight, which
in turn reflects an active state of trade. Obviously
except for the extra traffic derived in this way the loss
from the smaller grain and live-stock movements and
from the other adverse influences enumerated could
not have been overcome. In the following we show
the April totals for a series of years past:
E a m in o s .

M ileage.
Y ear

Given.

Y ear
P reced in g

Year
G iv e n .

M iles

M ile s .

1895 (125 roads)......
isus IISI roads)......
1897 (133 roads).......
1898 (ISO roods)......
1899 '125 roads).....

99,400
95,629
90,030
100.870
98,384

99.355
95,0.84
98,300
99,720
97,000

*
30,808,036
37,240,276
38.147,000
44,553,000
44,827,232

$
35,250,321
30,012.491
37,004,860
38.586,197
43,008,594

J a n . 1 to A p r il 30.
1895.124 roads)....
1SW1:130 roads)......
1897,133 roads)......
1898 (130 roads)......
1890 (126 roads)......

99,260
91,007
90,080
100,870
98.334

99,101
94.253
9S.30O
09,720
97,000

145,108.710
151,100,704
152.190.:80
178,212,500
178,884,474

143.610.894
189,000,964
If 3,488,948
154,254,924
171,237.091

A p r il.

In c re a e
or
Decrease.

Year
P re ce d in g .

In c .
In c .
In c .
In c .
In c .

t
1.039,344
1,227,785
542,234
5,067,839
1,818,638

I n c . 1,491,822
I n c . 11,199,800
Dec. 1,292,102
I n c .23,957,670
I n c . 7,640,783

The loss in the grain movement extended to all the
cereals, except -wheat, and even in the case of wheat
the exception is referable almost entirely to the heavy
movement at Minneapolis, nearly all the other primary
markets reporting diminished receipts. The increase
at Minneapolis was over two million bushels, bringing
the total deliveries of wheat at all the Western points
up to 9,744,384 bushels in the four weeks this year,
against only 8,863,511 bushels in the corresponding
four weeks last year; of corn the receipts were
8,918,758 bushels against 12,660,989 bushels; of oats
8,481,438 against 11,907,233 bushels; of barley 1,089569 bushels against 1,375,859; of rye 424,038 against
578,636 bushels, and of flour 875,207 bbls. against
905,939 bbls. Here are the details in our usual form.
RECEIPTS OF FLO O R ADD GRAIN FOB FOUR W E E K S ENDING A P R IL 2 9
AND SINCE J A N U A R Y 1 .
F lo u r .
(.bbls.)

Ch icaqo —

Millonukee—
4 wks. Apr., 189

W h e a t,
(b u * K )

809.4 48
298.031
1.948.67:1
1,890,072

C om ,
(b u slu )

O a ts ,
(b u s h .)

(b u sh .)

1,30^,040 4,033.418 5,030,400
507,525
197,2P5
1.741,215 0.747,701 7,281,014
593 261
149 017
7.47M.822 30,810,472 27,197,010 4,290.441 1,119,216
6.375.550 38,0S1,»71 81,178,803 4,982,816
890,349

139,146
198,740
542.466
818,830

580.600
146 83fl
3,043,Oil
2.589,851

93,616
112,016
420,180
440.280

231,653
992,1(0
848.086
362.44? 2.022,180
037,720
1,774,717 6.073,100 3,539.895
1.568,454 11,138.040 3,450,496

61,626
3,764
187,960
14,716

358,103
003.498
1.778.235
1,776,023

11,000
9,80(
86.160
80,186

236,383
134,0ot»
1,049,247
823,512

68,998

195,234
193.P48
020.582
806,143

300,005
408.111
482,602
321.434
2,189.111 1,858.431
3,418,394 1,770,803

23.600
26.900
127,550
130,660

86.360
42.7f>0
160,150
142,950

1,030,850
645.650
1.371.150
955.560
5,233,800 2,276.050
5,094300 3,212,000

74,100
469,80058,801

792,371
163,925
300.690 1,842,048
197,8' 0 10.3 43,047
801,000 5,034.553

35,033
92,003 1,082.135
4,212,552 1,968.820
1,813,083 2,915,047

283 432
175,769

10,503
296,421
263,313
691,110

12,849 6,332,15^
11.102 3.160,300
63,679 25,429,*00
73,863 18,783,740

169.420
489.70P
143.030
401,580
4,800.800 4,507,110
1,227.010 2,915,210

10,800

3,900

491,300
664,800
287,300
358.15C
033.000
624,80f
2,280,700 8,472,950 2,151,77]
1,001,050 3,157,000 8,071,11(
0,750
29,2 5C
305,251
524,414

T o led o—

4 wks. Apr.,
4 wks. Apr.,
Since Jan.l.
Since Jan.l,

490.9-23
187,10n
607,655
269,937
6,472.696
832.370
4,780,940 1,183,857

94,60(

270,009
139.403
889,756
8c8,706

100.980
7*.8i3
322.707
634,311

C lev ela n d -

96,600
109,200
604,212
682,320
14,372
42,184
169,272

8flO,t01

167,004

78,215
19,873
872,462
76,428

20,100
24,478
108,676
409,503

11,753
21,711
79,449
181,236

D e t r o it —

4 wk«. Apr., 16
* wks. Apr., I f
Since Jan.l, 1899
Since Jan..*

R ye.
(bU8h.)

t d u th —

4 wks. Apr., 1899
4 wks. Apr., 1898
Since Jan.l. 1809
Since Jan.l. 1898

27,284

M in n e a p o lis —

4 wks. Apr., 1899
4 wks. Apr., 1898
Since Jan.l. 1899
Since Jan.l, 1898

is very vividly disclosed when we
consider the move­
w i cc
ment at that point by itself. Here is a table giv­
ing the Chicago figures for thelfull month, those in
the above table being for an evei four weeks. It will
be observed that as compared jwith the amount of
grain brought in in April last yeqr, Chicago suffered a
decrease of over five million buslels.
RECEIPTS A T CHICAGO DURING APRIL AND SINCE J A N U A R Y 1 .
S in ce J a n u a r y

A p r il.

1889.
Wheat.bush
Oorn. ..bush
Oats.. busn.
Bye., .bush
Barley.bush

1,365.990
4,966,008
5.612,912
203,096
001,979

1898.
1,841,218
7,300,501
7,702.814
100,102
608,041

1897.

1890.

1.

1898.

1897.

160,033 17,478,82 ‘ 8,365,550 1,520,609
2,708.127 *9,810,472 36,080.771 17,417.817
5.200.001 18.033,510 81.178,888 27.738,529
104.8e8 1,119,210
618,108
890,349
009.085 1,290,159 4,982,315 5,062,185

Total ffraii 12,040,644 17,730.731 8,782,274 8ft732,179 79,498,353 62,253,288
314,202
205,280 1,948,073 1,890,072
836,972
396,855
Flour., bbls.
889
302
860
100
601
Pork....bbls
Outm’ts.lbB 20.150,607 21,801,325 12,983,727 05^130,500 80,397.847 48,336,243
5,410332 6,416,822 4,780,016 211283,883 23,965,524 19,359,777
Lard...... lbs.
679,311
576,693
542.887 2pl8,224 2,768,943 2.592,347
Live hosrsN

With reference to the cotton movement in the
South the differences in favor of the present year, as
already stated, were very slight. Thus the gross
shipments overland were 97,693 bales in April 1899,
against 92,560 bales in April 1898, and the receipts at
the Southern ports 264,214 bales, against 262,420
bales. At several of the Southern ports the receipts
fell below those of last year, as will be seen by the
following:

R E C E IP T S O F C O T TO N A T SOUTHERN P O R T S IN AP RIL AND
JA N U A R Y 1 TO APRIL 3 0 , IN ISiJtf, 1 8 9 8 A N D 1 8 9 7 .

Ports.
Q alveston.............. bales
Texas City, & c.............
Hew Orleans —................
Mobile...............................
Florida.............................
Savannah.........................
Bruns wlok, &c.............
Charleston.......................
Port Royal, &c.............
Wilmington.....................
Washington, & o ..........
Norfolk............................
Newport News, &c..........
T ota l.........................

April.
1899.

1898.

61,080
5,134
121,032
4,027
13,620
20,674
3,095
0,553
10
1,151
23,849
2,383

45,704
7,158
100.827
12,085
8,591
30,003
10,720
7,578
279
7,584
32
15,871
3,397

264,214

202,429

FR OM

Since January 1.
1897.

1869.

1893.

32,429 457,522 509,710
41,487
1,508
29.976
58,879 098.302 1,038.059
67,054
10,79)
127,636
59,495
4,444
73.343
20,094 215,656 298,584
10,524
63,304 117,299
8,904
93,032
48,484
110
3,774
25,931
21,380
46,406
1,851
242
6
386
15,402 100,459 114,133
097
9,087
12,972

1897.
288,550
40,315
510.770
83301
37,004
198,230
42,379
73,058
12.990
29,013
309
120,487
4,539

177,039 1,837.681 2,480,729 1,447,308

Notwithstanding the many drawbacks and adverse
conditions set out above, quite a number of roads are
able to report gains for considerable amounts, which
thus furnishes additional testimony to the activity
of general trade and the growth in merchandise traf­
fic. The Southern Railway reports 8150,953 increase,
the Louisville & Nashville $136,708, the Canadian
Pacific $209,538, the Milwaukee & St. Paul $330,856,
the Denver & Rio Grande $115,500, &c. There are
less than half a dozen roads whose losses exceed $30,000, and the reasons for these are nearly all explained
in what has already been said.
G R O S S EARNINGS IN A P R I L
Tn e penupc
Ohio. M ilw . & 8t. Paul.." $ 3 3 0 ,8 5 6 Ohio. & E a s t’ ll I llin o is *
$ 4 0 ,4 3 8
C a n a d ia n P a e ifte...........
20 9 ,5 3 8 C h esa p ea k e & O h i o ___
3 9 ,7 5 4
S ou th ern R a ilw a y .........
1 5 0 ,9 5 3 I llin o is C e n t r a l...............
3 8 ,5 8 7
L o u is v ille & N a s h v ille .
1 3 6 ,7 0 8 G re a t N o rth ’ n S y s te m ..
3 3 ,5 9 9
U e D v e r & R io G ra n d e .
1 1 5 ,5 0 0 C h ic. & W est M ich ig a n .
3 1 ,3 9 4
N. Y . O n ta rio & W est’ n
8 3 ,3 6 9
W is co n s in C e n tr a l........
8 1 ,799
T o ta l (re p re s e n tin g
M o b ile & O h io .....................
8 0 ,8 2 9
2 4 r o a d s )..................$1 ,8 7 9 ,9 8 3 C en tra l o f G e o r g ia ........
7 4 ,1 7 5
D ecreases.
M e x ic a n N a t io n a l.........
7 2 ,7 0 5 N e w Y o r k C e n tr a l......... $ 1 4 9 ,0 0 2
C h ic. G re a t W e s t e r n ...
6 4 ,6 8 9 O reg. R R . & N a v ig a t’n .
9 9 ,3 6 2
F lin t & P e re M a rq u e tte
5 2 ,9 6 7 M o. K a n sa s & T e x a s ...
6 8 ,4 3 2
St. L o u is S o u th w e s te rn
5 1 ,8 0 0 M o. P a ciflo & I r o n M t ..
6 2 .2 2 1
M e x io a n C e n tr a l...........
5 1 ,0 7 9 B a lt. & O h io S o u t h w .. .
5 0 ,8 7 7
N o rfo lk & W e ste rn ........
4 9 ,7 9 2
St L o u is & S an F r a n ...
4 7 ,5 6 8
T o ta l (re p re s e n tin g
Cln. N . O. & T e x . P a o ..
4 1 ,8 3 4
(5 r o a d s )...............
$ 4 2 9 ,' ’9 4
PRINCIPAL CHANOES IN

I ncrcksfls

P * o r ia —

4 wks. Apr., 1890
4 wks. Apr., 189b
Sine* Jan.l. 1899
Since Jan.l, 1808

VOL. LXV1IT.

11,400
19.200
48.000
46.200

10,800

K a n s a s C ity —

When arranged in groups, the Southern and North­
western groups make on the whole the best compari­
sons. The Southern roads must have been helped
considerably by the great development of the iron in­
dustry in that part of the country. The trunk lines
7
show a loss in large part because of the lateness of
bulk of the falling off is found at Chicago. This fact Lake navigation, as already explained, and some of

4 wks. Arr„ 1899
4 wks. Apr., 1898
Since Jan.1 , 1899
Since Jan.l, 1898

..........

679.000
780,500
5,301,950
4,223,000

499.000
000,500
2,508.500
816.000
4,740,300 1.202,000

..........

T o ta l o f a ll—

4 wks. Apr., 1899
875,207 9.744.334 8,918.758 8,481,438 1,089,509
424,038
4 wks. Apr., 1898
805.930 8,803.611 12.HHO.9-9 11,007,2*3
678 036
Since Jan.1,1899 8.642.237 67.0H6.087 73.630,005 47.042.55b 7,791 673 2,819,824
Since Jan 1.1898 3,8'2,6*4 42.184.406 71.700,754151.035.6*0' 9,882.401 2,727.440
-------

--------

" “ ‘ aj

waav

wniovj UUC

THE CHRONICLE.

M a y 13, 18W.J

the other roads in the Middle and Middle Western
sections were adversely affected in the same way.
BABSINO* OF BOOTHEBN GROUP.
1899.

A p r iL

1398.

!

1897.

1896.

1895.

OF MIDDLES AND MIDDLES WB8TB&N ROADS.

1S#8,

Ana Arber.u,.......
Baft.Roeh. A Pitt
Chicago A Blast III.
ChicJnd A Lou 1s t .
■ChlC.A West Mich.
D »t.O .S »p .*W ««.
Klgln JoL A Bast.
Branst.A Terre H.
Hint A P . Msrq,..,
Gr* Rap. A Ind* ...
Illinois Central___
L«k« B«# A W wt.
ton s Ulsnd...........
Loa.Evans. A 8t*L.
K. V. Ont. A W«M.
PUtsb'g A w . . f n .
Sol. A Ohio C o t . ,
Tol. p*f). a W « l . .
*tn. St. 1- A K. C.
W«M. N. r . A p«.
Wheel. A L. Erie..
Vote:.................

1896.

1607.

1896.

1R96.

1804.

f
«
i
%
3
*
03.009
114,503
116,020
MACS
05,329
137,017
28SJ368
324.78*
345,037
266866
248.775
*10.201
296,805
321,196
819,2-6
337*333
284,961
274,512
274,100
M*ft7*
279.150
264.9«10 230.368
293,115
142,841
130,823
124.8ft!*
174.038
147.663
128,190
120.71"
182.341
96,825
97.90?
87,090
1078K*
104373
103,471
HUH*
101,74*
121,STS
88*976
07,181
104,60*
80.560
88.719
78.924
8188*
837,768
290,785
236.491 ‘ 223*472
190.787
227,066
107.304
225.132
23D.W3
249,19*! 219,446
103.341
2*167,9775 2 119,300 1.614,422 1338,711 1*861*83^ 1.460.862
878^36
872.971
2*5836
MS/Jtt
246.161
3*3,SK*
380,074
SOd.ft#
290.7*7
290.102
286,967
109,601
117.199
114.980
181,676j 118,729
113,774
3O0.1D0
368,740 285*360
291,1*1
261*285
253,639
253,196
277,034
166,499
230.803
tfta u
180,006 j i * $ j m
138,415
1SM#7
144,149
134866
66.2501
71*589
66,758
66.536
70*756
70.58P140,467
166,000
156.2V
S
1W«?21
158,321*
171,687
268.800
249,506
222,106
839,004
271.6:1
123,663
118,327
126.045
06,2*
120,266
110887
6,391,708 6,047.788 6,291*4*6 5,463.977 5.288.010 4,701,990

BAHNINOa OF NORTS WESTS Eff AMD NORTH PACIFIC GROUP.
Aprtl*

1899.

1806,

0nrLO*<I.R.A No.
Canadian Pacino,
cmia. at. w **t. __
Clue.Mtl.A St.P,,
Dainth S.8.A AU.
Great Northern..
Iowa Central......
Mlnojfc St. Louis.,
M .St. P .A S .8 , M.
Northern Pacific
Sc. Joe. A at. 1*1 .
8t. Paul A Duluth
Wisconsin CentT.

$
304^179
2.16S.000
465.374
2,016.50s
17\T05
1,766,038
163.780
178,069
329.835
*1,040,815
06.290
110.356
447.116

«
310.988
1*998,<&
400,683
3,586M 2
143,021
1*781*429
140,432
163,770
332.974
*1.9G9,7S7
04.101
118,4ft?
966,310

1807.

1806.

[

1896.

9
1
j
*
364,094
296.408) 271.723
L617.S50 1*456*900 1,215,621
870.566
360,1871 081.183
2.203,770 2.366,S0O| 2.014 185
111.380
130.404j 131,161
1.364*201 M07>02| 1.041,334
100,646
137*06*1 116,66*
131.885
188,03*
lKlAVWI**W| 192.986
1,276,62* 1*284.4041 1,307,7*5
70.096
63,346]
41.016;
101,511
00,6501
W.UE
323.561] 862.077*
306*118

1304.
S
372.688
1.301,471
282,049
2,257.234
112,115
606,612
123,2*55
126.141
1,117.387
72.741
80,052

T o t a l ...,,,.... 11.037,152 10,284,956 &UM*403 “ 2i?.»7«
* Include* proprietary linos Id these years.
BAR NINO* OF BODTKWESTERN OROUP.
Jnn7.
Col. Midland
Dun. % filoGr.
Ft. W. A D.C.
lnt*A Gt, No..
ft*C. F.S.A M . .
Mo. K , A Tex
»fo.P.Atr,»n.
R. Or, West
8t* L. AS-Fr
Bt*L, South w.
f « u A Pm
Toisi..........

ISO#.

|

1308.

1306,

1807.

1896.

1894.

c
114.6074 MOO
100,072
7320,063
4336.016
810,168
2,103.000'
230,000
581,118
411,0OC
5786261

•
1*7.919
628,400
06,562
•"<94*433
<a3*>,3£«
873,405
2.170j24i
372,900
533,660
860,100
073.208

«
123,527
662.046
83*817
+27 *276
361.382
890*16
1*778,757
190.67*
478*201
326,736
499.314

t
154,184
646,470)
»3,57jj
230,1085?. 44;
001.357!
l . t i s . x r ? 1,813+98
100.330
106,073
448,424
487.732
3».43+
356,762
434*240
477.672

6 .8 8 0 ,6 ( 0

6,27A.9S7

5,570.008

6.419,851 6.612,8611 6.334,432

«
164,9(1
680.224
78.912
‘ 233,217
135*067
886,716

1
113.643
600.466
84,407
236,851
382,731
781,000
1J914,036
169,460
460,214
325,101
476528

a Figures here for 1999 and ISOS are simply the totals of the earnings for tb e
four weeks of the month as reported In the weekly returns; the month’s earn­
ings usually exceed the weekly estimate* quite considerably.
♦ Halve*ton Houston X Henderson not included for theta years.
EARNINGS OF TRUNK LINER.
v1p ril

*800.
f
541.616
1,16?,*08
143.357

I

1898.
$
f9»,493
1.164.705
1573471

1897.

'

1806.

6
*
491.275'
486.938
1,068,9 *8 j 1.036.109
120,0981
136,105
1*486.023 1,462,9'5
237,116 i
270,215
79.92-41
77.870
3,479.405 3.38 \062
878.2541
979,10:

18?6.

1894.

«
503,205
1.104,082
149.141
1.(22.819
248.552
81.628
3,121,537
060.120

1
409.369
1,001.224
116.456
1.355.801
252,392
78.946
3,240.268
873,482

Tote l.....I % o $ 8 M 7
8.t2L83»); 7.791.071 [ 7,838.341 7.8 4.390
fnciuoas Rome Watertown AQgdnsebunr for ail the years.

7.389.827

B.A O.8.W.
C!.C ASt L
[Vl ABast
O .T . o f CtalJ
Cb. AG.T.j •ljMS.afft 1.918.477
D.r .HAM
N.Y C AH* 3.630.2D4! 3,770.200
War
1.139.0241 1.110.042
f

IN

A P R IL .

Mileage.

Gross JSamings.

1894.

Total
___
T,0£O.7S* 7.W0A86 6,451.581 6.281.330 6,048,4311 6,747*888
a F ig u r e s B ern t o r I'i&O and U M tr e sln p lj the totals of the earning# for the
roar weeks of the month as reported in the weekly returns; the month's
earnings o sually exceed the weekly estimates quite considerable
h Including Scioto Valley Jc Naw Bngland and Shenandoah Valley for all the
years.
t Figures are approximate, same as for 1.999; actual earnings were larger.

A p rQ .

GROSS B A R K IN G S A N D M IL E A G E

Name o f Road.

$
$
t
1
*
*
118.291
Alabama Gt. S o ..
1SO,722
124,790
102,742
100,000
118,064
311,1*0
817,529
Cent, of G eorgia.
388,3.5
818,880
381,916 335,806
Cheaap.* o n t o ...
962,887
912,933
903,032
824,209
744,328] 693,203
302,241
320,360(
390,556
363,118
291,402] 249,000
OUULO. X Tex.P.
93,959'
Georgia.*..............
94.434
103.806
119.855
88,603
58388
Kim. C.Metc. X Blr.
86,825
78,94?
71,767
a9«S,W7 a U5.:i29,
73,089
L ou 1st . A Naahv. 1,910,875 1,773,9871 1.569,408 1334.191 1,432,281 1,397,909
399,700
273,462
Mobile X O h io ....
3183711 3i 8,069
266,454
251.908
393.225
373,030
NisQ.Ct.LA St.L.
152,522
387,190
384,998
438385
799,049
882342
N orfolk X W e s t .2>
938,196
74°,296
978,026 *429,131
Southern R y... )
L3983H 1,386,320
1,891,379 L7i0,72e 1,489313 1,393,097
85,692
Memphis Dir. S
97,283
S4.7S5i
89.278

aARM IN 0 8

907

A labam a O t. S outh’ l l .
Ala. N. O .T e x . & P a o .~
N. OrL A N o. E a s t ..
A la . <k V lek sb.........
V ick sb S h r.& P a e ..
Ann A r b o r ................ .
A tla n tic A D a n v ille .
Bait. A O h io S onthw .
B ln n ’m A A t l a n t i c . .
Saif. R oah . A P ittsb ..
Burl. C ed. R . & N o ...
Canadian PaoLflo........
C entral o f G e o r g i a ..
C battan . S o u t h e r n ...
C hesapeake A O h io . .
Ohio. A E ast Illin o is .
Ohio. G re a t W estern.
C hic. In d . A L o u is v ..
Ohio. MIL & St. P a u l.
Ohio. P o o ria & 8t. L.
Chic. T erm . Tr. R R ..
flhlo. * W est M lob. ..
C h oc. O kla. A G u lf ..
t » n .G e o r s .A P o r t s ..
Otn. N .O . A T e x . P a c
Cton*Portsm *th A Va.
C lev. A k ro n A C ol___
.'lev. Cin.Ch. Jr St, L . .
P e o ria A E a ste rn ..
Clev. L ora in A W heel.
C o lo ra d o M id la n d . . .
Ool. Sand. A H o o k ’g..
Llenv. A R io G r a n d e ..
Det. G r .R a p .A W est..
Dnl. So. S h o re A A t l ..
Elirtn J o lie t A E ast
E vansv. <fi In d la n a p .
E vansv. A T . H a u te.
F lint A P ere M a rq ...
Fla. Cent. A P e n in ..
Fc. W orth A D on. O ..
Ft. W orth A R io G r..
G adsden A A lt. O n ..
G e o r g ia .........................
G e o rg ia A A la b a m a .
G*. Boulh* A F lo rid a
* r.K »p ld s A In d ia n a .
O n . R i c h . A P I . W ..
T ra v e rse C ity .........
Music. G r .lL A Ind.
I r , T ru n k o f C a n .. . )
Ohio. A G r .T r ’ k .. ;•
D e t.Q r .H a v .A M , )
4t. No.—8, P. M. A M
E a stern o f M in n ..M on tan a C e n tr a l..
G o lf B eaum ’ t A K . C.
Illin o is C en tra l,a .......
In te rn a t'l A G t. N o)
tn terooea n io <Mex,).*
Io w a C en tra l...............
Iron H a llw a y.........
K an aw h a A M i c h ___
K an,C . Ft. 9. A Mem .
Kan. C. M em . A Blr.
Kan. C ity A h\ W____
Kan. :ity A O m a h a .
Kan*C.Pittab, A G u lf.
Kan, C ity Bub, B e lt
L ake E rie A W estern
Lehigh A H u d. R iver.
L on g Island R R .........
Los A n g e le s T e r m 'l..
u o o le v .E v a n a .A flt.L
L ou lsv.H en d . A S t-L ..
LoalkV. A N a s h v ille ..
M acon A B irm ln g ’ m .
M an istlou e...................
Ms ilean. C e n tra l.......
vfexlcan N a tio n a l..
M exlonn R ailw ay * .
M ." .m S ou th ern *,.
Minn. A St. L o u ie ___
‘d in n .S t-P .A 8.Hte*.M
Mo. K ans. A T e x . avs
Mo. Pao. A Iron M t ..
C entral B ranch —
M obile A Birm'Kharo
w o o lle A O h io .............
M ont. A M ex . G u lf ..
« . Y .C ent. A H u d.H iv.
Pf. Y.Ont. A W e st___
N orfolk A W e s te r n .,
N o rth ’ n A la b a m a R y
N orthern P a o id o .. ..
O hio R i v e r ...............
O regon R R . A N a y ...
Peo. D e c. A E v a n s v .
Plttab. B ess. & L. E
PRt,sfl:i. List). A W est.
Ptttsb. A W e s te r n ___
P ltte b .C le v . A T o l.
P lttsb. Pa. A F a i r ,.
R io G ran d e S outh’ a .
Rio G ran d e w «*rerD .
Bag. T o so. A H u ro n ..
fit. Joa. A Gr. I s la n d ..
a t. U Ohio. A Ht. P .,
3t L . K e n n e tt A S o,.
Ht. T^ouls A 4. F ra n ..
8t. L o u is S outhw es'n
St. P au l A D u lu th ___
San F ran. A N o .P a c.
S an ta F e P re s.A P b x '
Sher. S h rev.A S ou th ..
Bo. H a ven A E astern
Southern R a ilw a y ....
Texas C e n tra l.............
T e x a s A P a cific . _____
Tol. A O h io C e n t r a l..
Tol. P e o ria A W est’ n.
Tol. 8 t. L, A K. c i t y -

Increase or
Decrease. 18 9 9 .

18 9 9 .

1893.

$
1 3 0 .7 2 2

12 4 ,7 9 0

+ 5 ,9 3 2

31 0

1 3 1 ,8 0 5
5 6 .2 7 9
5 2 .7 8 7
13 7.04 7
6 0 ,4 4 3
5 4 0 ,6 1 6
1,555
3 2 4 ,2 8 2
3 0 6 ,3 7 9
2 ,1 6 8 ,0 0 0
3 8 5 ,3 5 5
6,4 0 2
9 5 2 ,6 8 7
337,333
46 5 .3 7 2
2 9 3 ,1 1 5
2 ,9 16,3 93
71 ,691
10 3 ,4 1 0
17 4,03 8
87,206
5,3 00
3 6 2 ,2 4 1
2 5 ,906
78 ,058
1 ,1 62,8 03
143.357
1 4 3 .3 -4
11 4,69 8
4 8 ,938
7 4 4 ,1 0 0
120,618
17 0,70 5
12 1,37 5
2 6 ,9 0 9
10 4 .6 0 2
29 0 .7 3 5
2 4 2 ,6 1 0
1 0 ",9 7 2
5 4 ,9 6 6
68*5
11 9 .6 5 5
8 0 ,2 1 4
7 2 ,089
198,791
3 6 .9 0 2
4 ,2 1 5
9,234

10 9,96 1
4 9 ,4 5 9
5 5 ,505
11 4 ,5 0 6
5 2 ,587
5 9 1 .4 9 3
2 ,4 4 9
3 2 5 ,0 1 7
3 1 0 .9 8 2
1 ,9 5 8 .4 6 2
31 1,18 0
4,3 85
9 1 2 ,9 3 3
2 9 6 ,8 9 5
400.693
274,100
2 ,5 8 5 ,5 4 2
7 2 ,2 1 1
9 4 ,941
142.644
7 3 ,6 3 5
4 ,9 8 6
3 2 0 ,36C
2 2 ,3 b 5
72 ,969
1 ,1 64,7 65
1 5 7 ,8 4 7
1 3 2 ,2 3 0
1 2 7 .0 2 2
4 0 ,4 6 1
6 2 3 ,6 0 12 2,31 1
14 3,02 1
l i t . 513
2 5 ,8 1 9
97,181
2 3 7 .7 8 8
2 4 1 .5 2 2
9 6 .5 6 2
5 2 ,2 7 5
641
9 4 ,4 3 4
8 2 .7 6 0
68,4*20
16 9 ,3 3 8
3 7 .3 9 4
3 .6 0 6
9,1 1 0

+21,8-14
+ 6.82C
- 2 ,7 1 8
+ 2 2 ,5 4 1
+7.85C
—5 0 ,877
— 894
—755
—4,603
+ 20 9 ,5 3 8
+ 7 4 ,1 7 5
+ 1 .5 1 7
+ 3 9 ,7 5 4
+ 40,438
+ 6 1 ,6 8 9
+ 1 9 ,0 1 5
+ 3 3 0 ,8 5 1
—52C
+ $*46 6
+ 3 1 ,3 9 4
+ 13,521
+334
+ 4 1 ,9 8 + 3 ,5 5 1
+ 5 ,0 8 9
-1 ,9 (2
— 14.490
+ 1 1 ,0 8 4
— 12 ,324
— 523
+ 11 5 ,5 0 0
— 1,703
+ 2 7 ,6 8 4
+ 9 ,8 6 2
+ 1.181
+ 7 ,4 2 1
+ 5 2 ,9 0 7
+ 1,0 88
+ 4 41 0
+ 2 ,0 0 1
+ 44
+ 2 5 ,2 2 1
—2 ,5 5 2
+ 3 ,6 0 0
+ 2 9 .4 5 5
—4 9 2
4*009
+ 174

19 5
142
18S
292
27S
921
22
33 6
1.1 3 6
6,9 5 2
1,5 24
105
1,3 60
648
930
535
0,154
232
74
581
272
42
336
111
177
1.8 38
352
19 2
346
273
1.6 66
451
588
197
156
167
657
94 0
45 5
146
11
307
45 8
285
435
92
26
37

310
•i
19 5
142
189
292
278
921
22
33 9
1 ,1 3 6
6,5 68
1 ,5 2 4
10 5
1 ,3 6 0
64 8
930
535
6 ,1 5 4
232
74
581
226
42
336
111
177
1 .8 3 8
35 2
192
346
27 3
1,6 0 6
451
58 8
197
15 6
16 7
657
940
45 5
146
11
307
45 8
285
432
92
26
37

1 .9 4 2 ,5 4 3

1 ,9 18,4 77

+ 2 4 ,0 0 0

4,0 3 6

4 .0 3 6

+ 65*3 04
+ 4 4 ,7 7 0
—7 6 ,535
+ 10 ,108
t-39,587
+ 2 5 ,6 2 0
+ 14,300
+ 13 ,348
+ 471
+ 7 ,o n
—3 ,7 9 6
-8 ,7 -1 2
—3,1 28
—2 .2 1 »
+ 1 1 ,-4 8
+ 7 .7 1 9
-7 ,5 5 2
+ 7 .2 4 0
+ 2 3 ,0 1 4
+ 3 ,4 2 0
+ 12 ,947
+ 4 .1 0 0
+ 1 3 6 ,7 0 8
+ 589
—3,4 4 3
+ 5 1 ,0 7 9
+ 7 2 ,7 0 5
4-27,500
+ 1 1 ,4 6 9
+ 2 4 ,2 * 0
+ 6 ,8 6 -0 8 ,3 3 2
— 39.221
—2 3 ,000
+ 1 ,9 0 5
+ 8 0 ,8 2 9
—20 .208
— 14 9,00 2
+ 8 3 ,3 6 9
+ 4 9 .7 0 2
+ 3 ,6 4 4
—2 4 ,912
+ 3 .1 3 9
- 9 9 ,3 6 2
+ 3,7 82
—28 ,256
-1 5 9
+ 5 ,9 0 0
—26 .105
— 3,321
+ 3 ,5 9 0
+ 7 ,1 0 0
+ 1,027
+ 1,189
— 1,8 4 2
+ 3,721
+ 4 7 ,5 0 8
+ 5 1 ,8 0 0
- 8 ,1 4 2
+ 4 ,8 3 9
+47*
+ 0 ,8 0 1

3,8 1 4
172
262
05
3,6 6 7
77 5
531
509
20
172
975
276
174
194
87 0
32
72 5
90
379
50
372
160
2.9 85
97
59
1,9 50
1.266
321
227
507
1,1 95
2,197
4,9 38
388
149
879
39 0
2,3 9 5
481
1,501
119
4,947
224
1,065
331
228

3 ,7 8 0
72
256
65
3 ,7 7 5
775
531
50 9
20
172
975
270
174
194
81 4
32
72 5
90
37 9
50
372
166
2 ,9 8 5
97
59
1 ,9 5 0
1,2 1 9
32 1
227
360
1,1 95
2 ,1 9 7
4 .9 3 8
388
14 9
08 7
390
2 ,3 9 5
481
1 ,5 7 0
119
4 ,7 5 0
22 4
1 ,0 0 5
33 1
228
28
200
77
53
180
550
67
251
11 1
44
1,2 8 2
1 ,2 2 3
244
165
198
153
37
5 ,2 5 6
17 0
1,4 9 9
371
24 8
451

1,481*513 1 ,(1 6 .1 4 9
165,323
12 0 ,5 5 3
108.2Q J
1 8 4 .7 3 7
25,231
1 5 .0 *5
2 ,1 57,0 77 2 ,1 1 9 ,3 9 0
32 0 .0 5 3
2 9 4 .4 3 2 1 1 .0 0 0
190,0-10
15 3,78 0
1 4 0,43
4 ,5 3 2
4,058
5 1 .0 G
4H.414
336 010
3 3 9 800
9 6 ,5 8 7
10 5,32 9
2 3 .285
2 6 ,3 6 3
19 ,062
16.851
266.641
27 7 ,6 8 8
45 ,346
3 7 ,027
269*286
2 7 0 .-3 8
2 7 ,3 3 0
3 4 ,5 7 0
3 0 8 ,9 2 3
2 8 3 ,9 0 9
8 ,9 9 6
5,5 7 0
11 8 ,7 2 9
13 1 ,6 7 6
44*797
40 ,497
1 ,9 1 0 ,6 7 5 1,7 73,9 07
3,9 02
3.3 13
6 ,8 5 5
10,298
1,1 90,5 72 1 ,1 39.4 93
533.271
40 0 ,5 0 b
28 1 ,5 0 0
25 4 ,0 0 0
30 ,553
4H,022
153,779
17 8,06 9
322,974
32 9 ,8 3 5
8 7 8 ,4 9 5
8 1 0 ,1 0 3
2 .0 1 8 ,0 0 2 ,0 5 7 .2 2 1
11 3 .0 0 0
9 0 .0 0 0
2 8 ,9 6 3
2 7 .058
39 9 .7 0 0
3 1 8 ,-7 1
118.764
9 8 ,5 5 6
3 ,0 30,2 04 3 ,7 7 9 ,2 0 6
2 8 5 ,3 8 0
3 8 8 ,7 4 9
929.134
9 7 8 ,9 2 0
I7.36H
13 ,7 72
1 ,9 40.8 15 1 ,9 69,7 27
7 9 .* 6 1
7 8 .7 2 2
5 8 0 ,8 5 2
48 1 .4 9 0
6 3 ,7 4 0
6 7 ,522
5 9 ,072
8 7 .328
3,3 77
3.2 16
148,201
154.101
68,7 2 9 4 ,833
3 3 ,9 9 0
3 0 ,f6 9
3 4 .0 3 0
3 7 .6 2 0
2 .2 ,9 0 0
2 8 0 ,0 - 0
10,3Qd
9,2 81
94,101
9 5 ,2 9 0
2 4 ,5 3 2
2 0 .3 7 4
2,0 7 9
6,4 0 0
5 3 3 ,5 + 0
5 8 1 ,1 1 8
41 1,90 0
30-1,100
11 8.49 8
11 0 ,3 5 6
6 7 ,829
0 2 .9 9 0
4 7 ,217
4 0 .7 3 9
2 0 ,8 0 7
1 7 ,004
2,0 0 0
2 ,8 0 0
1 ,8 9 1 .8 7 - 1 ,7 4 0 ,7 2 6
19,042
16,341
5 7 3 ,6 2 6
5 7 3 .2 9 8
13 3,86 2
1 3 -.0 0 0
0 8 ,2 5 9
7 1 ,5 0 5
1 0 5 ,0 9 9
1 4 8 ,4 0 7

+800

+ 15 0 ,9 5 3
—2.701
+328
+ 5,1 44
-5 ,2 4 6
—1 5 ,0 3 2

2i

20 6
77
63
180
58 2
07
251
in
44
1,3 8 5
1,223
244
105
198
153
37
5 ,2 7 3
176
1.4 99
371
248
451

1898.

Mileage-

Q rou JBim \ny*
Sam e o f Soar.
1899.
W ab a sh .........................
W est. N. Y. A P e n n ..
W heel. A L ake E rie.
W iscon sin C en tra l.
T o ta l (125 roa d s).

$
1.1 39,0 24
2 6 3 ,2 0 128,327
44 7,11 5

1898.

Increase or
Decrease. 18 99

*
1,110.042
21 9.59 6
125,015
3 6 5 ,3 1 6

Hi
+ 28,982
+ 18,604
+ 3 ,2 8 2
+ 8 1 .7 9 9

1898-

2,326
642
247
937

2 .3 2 6
04247
937

44 .8 3 7 ,2 3 2 43.008 ,594 + 1 ,8 1 8 ,6 3 8 98 ,334 37 ,096

t E a r n i n g of G a lv e s t m H oa sta n A H e n d erson a re e x c lu d e d f o r
both 18 99 and 1 8 9 8 .
,
. . A .
a C hesapeake O lilo A S oa tliw est’ n and O h io V a lle y roa d s are In oin a ea
fo r b oth years.
* F or three w eek s on ly .
J F or fo u r w eeks to A p ril 22.
G R O SS E A R N IN G S F R O M J A N U A R Y 1 TO A P R I L 30.

Name of Road.

[VOL. LXVHL

THE CHRONICLE.

903

1899.

1898.

Increase.

Deerean.

Name of Road.
8t. J o s . A G ra n d I s la n d . |
8
8t. L. Ohio. & St. P a u l .. |
St. L. K e n u e tt A S ou th ..
lSt. L ou is A San F ra n ..
a
|
St. P a u l A D u lu th ..........
|
San F ra n . A N o. P a cific 1
Santa F e P res. A P h x .
g
Sherm
an S h r e v e .& S o ..
8 o . H a v e n . & E a s t ’ n ..
S outhern R a ilw a y .........
T ex a s C e n tra l.................
T exas <te P a c ific .............
T o le d o A O h io C en tra l.
T o le d o P e o ria A W est’ n
T ol. St. L. & K a n . C ity.
W ab a sh ..............................
W est. N. Y . & P a...........
W iscon sin C e n tra l.

18 99.
$
3 8 5 ,2 2 3
10 4 ,0 4 9
2 5 ,4 0 "
2 ,2 95,9 73
1,7 68,3 84
4 8 2 ,6 0 4
24 4,69 2
2 6 5 .9 1 7
105,698
8 .6 3 6
7 ,9 47,1 72
9 1 ,0 1 7
2 ,5 4 9 .7 8 5
55 7,57 0
3 0 2 ,2 5 8
595,385
4 ,5 4 0 ,0 6 3
1 .0 2 7 .6 2 6
47 8,56 6
1 ,5 4 7 .0 4 6

--------------189^.

$
39 6,88 0
11(1,101
20,236
2,1 92,4 69
1,720,609
437,908
228042
226,332
9+852
7,497
7 ,3 98,1 30
92,293
2,5 65,5 65
542,349
3 CO,97 2
630,036
4 ,1 62,1 49
916.505
453,920
1,4 50,4 49

Increase.
9

Decrease.
1 1 .7 5 7
6 ,0 5 3

5 ,1 7 0
1 0 3 ,5 0 4
4 7 .7 7 5
4 4 ,6 9 6
1 6 ,650
3 9 .5 8 5
1 0 ,816
1,1 39
54 9 ,0 4 2
___
15 ,221
1,286

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

3 7 7 .9 1 4
111,121
2 4 ,6 4 6
9 6 ,5 9 7

1 7 8 ,8 8 1 ,4 7 4 171,23^,691 9 ,4 1 4 ,9 7 4 1 ,7 6 8 ,1 9 1
*
*
7 ,6 4 6 ,7 8 3
56 8,72 0
57 3 ,7 8 0
N et in c r e a s e .
A la b a m a G t. S ou th ern ..
Ala. N. O. A T e x . P a o.—
40,121
47 7,72 6
517,847
* F o r th r e e w e e k s o n ly In A p ril.
, , a _
N .O . & N orth east’ n ...
3,0 7 3
243.581
a C h esa p ea k e O hio A S ou th w ea t’ n an d O h io V a lle y r o a d s are in clu d e d
240,508
A la b a m a A V lek sb ’ g . .
1 7 ,696 fo r b o t h y e a rs. R e su lts o n the Y a z o o B ra n c h (1 40 m iles) a r e in c lu d e d
24 3,28 8
225,592
V ic k s b u r g Shr. A P a c .
. . . . ...
5 1 0 ,5 2 i
16.738
5 2 ? ,2 t 9
A n n A r b o r .........................
f o r 1 8 9 8 o n ly .
. . . . ..
8.8 1 0
190,8 a0
199,690
t T o ta ls fo r m o n th o f A p r il a re f o r r a ilr o a d o n ly .
A tla n tic A D a n v ille .......
1
8 1 .9 2 7
2 ,2 1 9 ,8 3 6
2 ,0 37,9 09
B alt. & O. S o u th w e s t...
1,801
7,5 1 0
9,311
B lrm in gh . A A tla n t ic ...
4 8 ,485
1,162,847
1 ,2 11,3 32
Buff. R o e h . & P ittsbu rg
12 1 ,8 4 2
1,401,716
1 ,2 7 9 ,8 4
B url. Ced. Rap. & N o ...
690,711
7 ,2 0 4 ,9 1 0
7,8 95,6 21
C anadian P a cific.............
I T EMS A B O U T BANKS. B AN K E RS AND T R U S T C O ’S.
98,473
1,869,401
1 ,7 70,9 28
C en tral o f G e o rg ia .......
22,07v
1.519
20 ,559
C h a ttan ooga Southern.
- The public sales of New York City bank stocks this week
122.892
3 ,7 8 3 ,1 6 5
3 ,6 60,5 73
C hesapeake A O h io.......
15 4 .6 5 5
1,344,293
1,4 98.9 48
Ohio. A E a st’ n I llin o is ..
reach 492 shares; add to that total 10 shares of the Kings
2 )9 ,0 9 4
1 ,6 7 6 ,0 0 6
1 ,8 9 5 ,ICO
Chic. G rea t W e s te rn .. .
County Bank o f Brooklyn and 10 shares of the Franklin
69 .610
97 6,38 0
1 ,0 4 5 ,9 9 0
Chic. Ind. A L o u is v ..? ..
Ohio. M ilw . A St. P a u l.. 11 ,5 7 4 ,3 5 4 10 ,2 5 7 ,8 7 2 1,3 16,4 82
Trust
Co. of the same city and we have an aggregate for
20 .493
27 9,41 0
299,903
Chic. P eoria A St- L ouis
11 ,063
38 3 ,9 1 0
37 2,84 7
Chic. T erm 'l T r a n t e r ...
New York and Brooklyn of 512 shares. Of this total
10 4,85 0
552,221
657,071
Chic. A W est M ichigan.
225 shares were sold at auction and 287 shares on the
29 ,193
514,221
48 5,02 8
C h oc. O klab. & G u lf t ...
19,230
1,812
17.418
Cin. G eorg . & P o rtsm ’ tb
Stock Exchange, the sales on the Exchange having been
1 ,3 13,4 50
98,326
1,4 12,2 76
Oin. N.O. & T e x a s Pac.
7,241
8 8 ,275
81,034
nnusually large this week. No special significance attaches
Cinn. P o rtsin ’th A V a ..
2 3 ,839
28 4,19 8
26 0 ,3 5 9
C leve. A k ron A C o l—
13 7,24 5 to any of the transactions other than the 5 shares at auction of
4,5 16.7 36
4,3 79,4 91
Glev. Cin. C hic. A St. L . .
28,131 the National City Bank, which brought 2015 this week, against
579,135
607,2 66
P eoria A E a s te r n ........
48 4,12 9
60 ,264
54 4 ,3 9 3
C leve. L ora in A W h e e l..
52 1,45 0
6 5 ,477 a similar sale of 5 shares at 1805 last week and a sale o f 10
45 5 ,9 7 3
C olorado M id la n d .........
24 5 ,7 9 2
233,517
12,275
Col. 8and . A H o c k in g ..
shares in March at 1692, or a gain in the interval since March
2 ,8 49,0 50
2 ,4 78,2 99
370,751
D env. A R io G ra n d e___
46 3,25 9
440,791
22,468
Det. Gr. R ap. A W e s t...
of 413 points.
501,668
11
6
,8
2
6
D ul. So. Shore A A t l . . .
61 8,49 5
Shares.
Basks —Ifew York.
Price.
Last previous sale.
566.283
508,413
5 7 ,8 7 0
E l^ ln J o lie t A E astern.
95,543
102,427
6,8 84
E v an sv. A In d ian ap olis
’ 9 9 — 41 8
1 America, Bank of......................... 420
392,747
384,462
8,285
E vansv. A T erre H aute.
’ 9 9 — 180
*25
American
Exchange
Nat.
Bank—
180
94,923
1 ,0 53,0 06
958,083
F lin t & P ere M arqu ette.
’ 9 9 — 30 6
5
Bowery
Bank................................
300
23,343
86 9 .9 4 6
846,603
F la .C en t. & P en in su lar.
81*4
’99—
100 Butchers’ & Drovers’ Bank, Nat__ 791a-79%
45 6 ,0 7 3
4 3 2 ,7 7 9
2 3 ,2 9 4
F t. W o rth & D en v. C ___
’ 9 9 - 311
40
Chatham
National
Bank...............
311
162,444
162,405
F t. W orth & R io G r’ d e ..
39
141
’9 9 5 Citizens' Bank, National............... llSSs
2,582
2,485
G ad sd en A A ta lla U n ...
97
’ 9 9 - 1805
5 City Bank, National......................2,015
G e o rg ia ..............................
547,4 91
54 0 ,8 7 0
6,624
’ 9 8 — 15 0
*10
Columbia
Bank.............................
165
38 5.05 6
403,589
G e o rg ia & A la b a m a ___
18 .533
’ 9 9 — 22 5 *4
*50
Oommeroe.
National
Bank
of.......
229
74 3 ,8 2 0
660,734
G r. R an ids & I n d ia n a ..
8 3 ,086
’ 9 9 — 36 8
J43 Corn Exchange Bank................... 3 6 1 3 7 0
30 6,66 5
294,839
Ga. S outhern A F lorid a.
11,827
’ 9 3 — 118
4
German-Ameriean
Bank...............
118
15 1,45 7
Cin. R ioh.& F t.W ayn e.
142,697
8 ,7 6 0
A p r. ’ 9 9 — 545
tl7 Importers’ & Traders’ Nat. Bank. .530-541
T ra v e rse C ity ................
15,235
13,015
2 ,2 2 0
F e o . ’ 9 9 - 238*3
4
Manhattan
Co.,
Bank
of
the..........
246
33,917
37,437
M us. Gr. R. A Ind.
3,5 7 0
A p r. ’ 9 9 - 24 0
1 Market & Fulton National Bank.... 236
G ran d T runk
’ 9 9 — 210*3
*119 Mechanics’ National Bank........... 205
7 ,9 09,6 19
7 ,5 58,2 32
C hic. A Gr. Trunk
35 1,38 7
’ 9 9 - 247*4
14
New
York,
N.
B.
A.,
Bank
of..........
250H
D et. Gr. H. 6c M ilw.
’9 9 — 560
36
Park
Bank,
National.....................
538
5,280,291
Q rea t N or. St. P . M .A M
4,9 10,5 75
36 9 ,7 1 6
A p r. ’ 9 9 - 115
10
ehenix
National
Bank..................
115*8
E a stern o f M innesota .
69 8.90 0
421.867
27 7,03 3
’ 9 9 — 181*3
1
Republic,
National
Bank
of
the__
195
M ontana C en tra l.........
596.845
677,795
8 0 ,950
’ 9 9 - 10 5
2 Shoe & Leather Bank, National__ 105
87,547
49.582
G u lf B eau m on t & K . C
37.965
B anks—Brooklyn.
Illin o is C entral a ............
9 ,1 7 6 .3 5 6
8,8 57,2 77
319,070
10
Kings
County
Bank_________
___
102
No
sale
in 1898
ln t . A G rea t N o r th e r n ..
1,193,080
1,2 26,4 82
33 ,402
Tisdbt Companies—Brooklyn.
I n t e ro ce a n ic ( M e x .'L ..
1,167,200
1,049,350
117,850
10
Franklin
Trust..............................
300%
Moh.
’9
9 - 280
I o w a C entral....................
64 6,10 3
57 2 ,0 0 2
74,101
17,374
Iro n R a ilw a y ....................
1 7 ,092
282
*Sale
at
the
Stock
Exchange.
tOf
this,
11
shares
sold
at
Stock Ex­
204,11-1
K an aw h a A M ich ig a n . .
170,518
3 3 ,596
change at 530. {Of this, 10 shares sold at Stock Exohange at 370,
1 .4 9 9 ,6 6 3
K ansas C. F t. S.&Mern
1 ,6 17,1 4b
11 7,48 3
46 8 ,2 4 8
K an. C ity M em . A B ir ...
52 5 ,9 5 7
57 ,709
—A meeting of the stockholders of the National Bank of
aaa H
K an sas
C iity A N. W
9 7 ,047
122,529
2 5 ,4 W2
K ansas C ity 6c O m aha.
7 2 ,5 4 5
88,289
15,744 North America will he held June 14 for the purpose o f taking
K an . C ity P itts. & G u lf
1,192,225
1,052,660
139,556
K ansas C ity 8 u b. B e lt ..
action upon a proposition to increase the capital stock of the
179.519
149.01 £
3 0 ,506
L ake E rie A W e s te r n ...
1,081,851
1,107,759
25,908 bank from $700,000 to $1,000,000. It is proposed to declare
153,576
L ehigh 6c H u d son R iv er
114,03b
39 ,540
L on g Islan d R R .
991.622
1,0 15,8 98
24 ,276
for this purpose a dividend of $30 per share out of the surplus
80,794
L o s A n g eles T e rm in a l..
25,904
4,8 90
and other profits of the bank, which, when added to the
L on lsv . E v a n s v .A B t.L ..
501.651
496,271
l - ,380
L on isv . fle n d . A St. L .
173,654
154,695
18,959
present
capital, will make the desired increase in the par of the
L o u isv ille 6c N a sh v ille ..
7 ,5 5 7 .8 4 3
7,190,83<
367,013
19,91)
M acon A B irm in g h a m .
19.5PI
stock from $70 to $109 per share, there being no increase in the
315
M a n is tlq u e.....................
28,6313 4 ,8 9 (
6,2 60
number of shares. After the division has been made, the
4 .8 3 5 ,67 i
M ex ica n C en tra l...........
4 ,4 65,1 22
370,550
M exican N a tio n a l..........
2 ,1 85,9 18
1,9 5 6 ,1 9 (
229,726
capital will be $1,000,000 and the surplus will he $500,000
1,447,20<
M exican R a ilw a y * ........
1,307,»0<
139,300
M ex ica n S ou th ern *____
24 1,00 2
The business of the institution is reported to have been quite
214,590
26,406
76 1,89 c
M innea polis A St. L ouis
641,225
120,668
profitable during the past two years and the managers
Minn. S t .P .A S . Ste. M.
1,126,28+
............
1,157,328
3 1 ,046
M issouri K . A T e x . sys.
3,535.721
3 ,563,97b
3 4 ,2 5 0 therefore feel disposed to take this means to restore the par
Mo. P a cific A Ir o n M t..
8,218,551
8,413,801
19 5,25 8
C entral B ranch
356,37'.
439,262
82 ,885 of the stock to the original figure of $100 from which it was
M obile A B irm in g h a m ..
121,132
135,012
1 3 ,860
reduced to $70 several years ago.
M obile A O h io..................
l v6 9 2 f00i
1,4 07,9 9]
...........
184.009
M onterey A M ex G u lf.
410,494
______
516.92C
] 0 6 ,426
—The establishment by the First National Bank of Chicago
N. Y. Cent. A H u d. R iv.. 14,465,001- 14,322 ,465
142,543
of a bank pension fund for the benefit of its employes has
N .Y .O n ta rio A W est’ n . .
1,393.32£
1 ,1 40,6 0:
252,725
N orfolk A W estern .........
3,714,17!3,699,02<
.
15,159
attracted the attention of some of the New York bank o f­
71.124
N orthern A la b a m a R y ..
64,81£
6,305
N orthern P a cific.............
7,204,904
7,053,285
i 5 i;< iit
ficers, who are studying its features with a view to its pos­
Ohio R iv e r ........................
290,538
267,007
23,531
The plan of
O regon R R . A N a v ig a t’ n
1,9 21,2 80
2,122,495
20 1 ,2 1 5 sible adoption by individual banks in this city.
Peoria D e c. A E v a n s v ..
256.382
258.011
1.6 29 the Chicago bank-is said to be modeled on the plans in use in
P lttsb. Bees. A L. E rie..
27 1,38 3
............
278,662
7,2 8 0
P ittab. L isb on A W est’ n
14,083
___ __
15,365
1,2 82 England and Canada. The basic idea of the scheme is for the
54 6,14 8
P ittsbu rg A W e ste rn ___
490,802
49,34*
bank to set aside a liberal sum as a guaranty of the adequacy
P ittsb . Cleve. A T o l....
272.739
3 ! 9,138
............
4 6 ,3 9 9
P ittsb . P aines. <v F ’ p t
10 3,74£
90,168
13,57*
of the fund for the present, and to undertake to make up any
146,lO£
R io G ran de S o u th e r n ...
139,098
7 ,01(
.............
R io G ran de W estern ___
deficit in the future. The fund is to be invested by and be
1,0 1 5 ,8 0 )
967,700
4 8 .1 0 ]
.............
S ag. T usc. A H u ro n .......
36,729
33.876
2,857
.............
under the entire control of the bank. Participation by the
$
5 ,o e o

S

May 13, 18D9.J

THE ('HRONICLE.

present employes c f tie institution is optional, bnt if any
decline to join'the association the bank will not consider it­
self under obligation to make any provision for the widows
or orphans of those not participating. Hereafter employes
entering the service o f the bank must pass a medical exam­
ination and be subjected to the obligations connected with
the fond and will have a part in its benefits. Each partici­
pant will!be required to contribute 3 per cent per annum of
his salary , payable in monthly instalments. No pension will
be paid unless the employe shall have completed fifteen years
or’more of service in the bank and shall have attained the
agejof sixty years, though the bank may exercise discretion
in this matter. On reaching the above age the employe is at
liberty to'retire, and if he does, and has served fifteen years,
he will be "entitled to a pension; should he not voluntarily
retire the hank may require him to do so. At the age of
sixty-five he must retire unlees the bank desires to retain his
services and he ^consents to remain. Should he become incapacitated'by ill health before reaching the age of sixty he
shall be permitted to retire, receiving the benefits of the
fund. He must, however, annually furnish a physician’s
certificate of his health, and if his health shall be re-estab­
lished he shall be liable, if called upon, to re-enter the ser­
vice of the'bank. In case of voluntary resignation or dis­
missal all payments made by the employe to the fund shall
he returned, without interest, lees any amount in which he
shall be indebted to the bank. In case of the death of any
participant who has not been fifteen years in the service of
the hank and who leaves a widow or children, the bank may
direct that his payments to the pension fund shall be re­
turned to his legal representatives with interest computed
half-yearly at the rate c f 4 per cent per annum. Those
who enter the service o f the bank under the age of eighteen
years will neither contribute to nor participate in the fund
until reaching that age, when they will be required to con­
tribute. Employes whose term of service has been under
twenty-five years will not be entitled to a pension for a
longer period than their term of service. For example, if
such term has been sixteen years they will be entitled to
pension for that term of years only. Those so entitled whose
term of service has been for twenty-five years or more will
be pensioned for life. Provision is made for limiting the
duration of the pension of the widow or the children, pay­
ment to the former ceasing on her re-marriage, and payment
to the children terminating as each attains the age of eigh­
teen years, or marries prior thereto. In the event of a pen­
sioned employe taking other employment without consent
of the bank, his pension will be forfeited. The interest of
any employe in the fund beyond what he himself has contrib­
uted to it, without interest, may be forfeited on account of
unwarranted losses for which he is responsible. The pen­
sion is to be on the basis of one-fiftieth of the salary at the
date of superannuation for each year of service, but it can in
no case exceed thirty five-fiftieths of the salary, with specific
limitations in the larger salaries. The two hundred and
fifty employes of the First.National Bank o f Chicago have
agreed to the plan, which went into effect on the 1st instant.
—Pay ment of the $10,590,543 indebtedness o f the Asastant
Treasurer at the New York Clearing House on Tuesday and
of the $5,543,832 indebtedness on Friday o f last week was
made without the transfer of one dollar of gold coin, or the
use of gold certificates, though $10,000,000 and $5,000,000 of
these two amounts respectively were on account o f the
Philippine indemnity. It will doubtless be interesting to
note how these payments were made. The medium of ad­
justment of the balances of the Assistant Treasurer at the
Clearing House has recently been what is known as
“ yellow tickets,” or receipts for gold, negotiable only
through the Clearing House, and issued by the As­
sistant Treasurer in amounts convenient for use by the
banks and the Clearing House. These “ tickets” pass
from bank to bank or from banka to the Sub-Treasury as oc­
casion may require. For example, a “ ticket" for $50,000,
paid, among others, to the Clearing House in eettlement of
a debit balance by the Assistant Treasurer, may be received
at the Clearing House by a bank in partial settlement of its
creditor balance, and the next day the same “ ticket” may be
paid into the Clearing House by the aforesaid hank in ad­
justment of a debit balance, and another bank receiving
the “ ticket,” on that or on a subsequent day, may deposit it
at the Sub-Treasury in the Customs fund against which it

909

intends to draw checks for the account of its customers who
desire to pay duties. In each of the transactions referred to the
“ ticket” would he recognized as representing $50,000 in gold,
just the same as a gold certificate would be recognized, and
on its return to the Sub-Treasury in the maimer above indi­
cated it would be promptly canceled and never reissued. The
employment of the “ ticket” is to obviate the neces­
sity of bodily transferring throngh all these stages
the actual gold coin: hence it saves the cost and the risk
which otherwise would be incurred in the transfer of the
metal. The “ tickets” are issned by all Sub-Treasury offices
throughout the country, as receipts for gold either actually
deposited or indirectly received. By indirect receipt is
meant the theoretical deposit of gold at a Sub-Treasury.
The “ yellow tickets” with which payment of the Philip­
pine indemnity was made were of denominations ranging
from $100,000 to $500,000. These, with other “ tickets,”
making up round amounts of the Assistant Treasurer’s in­
debtedness at the Clearing House were, at the request of the
Manager o f the Clearing House, paid to him at the SubTreasury and they were subst queutly paid by the said Man­
ager to the National City Bank in settlement of that institu­
tion’s credit balance resulting from the collection of the in­
demnity warrants. Gradually these tickets are being re­
turned to the Snh-Treasnry and canceled, and eventually alt
will* be so diposed of. Their particular function, the pay­
ment of the indemnity, was discharged, however, when they
were received at the New York Clearing House in settle­
ment of the indebtedness of the Assistant Treasurer and
when they were accepted by the National City Bank as rep­
resentatives of the actual gold coin. A t the moment of
writing it is not positively known when the warrant for the
remaining $3,000,000 of the Philippine indemnity will be
presented at the National City Bank for collection. But no
doubt the collection will be made through the Clearing
House and in the same manner as were the other warrants.
—On Wednesday Mr. James W . Alexander, who has been
Vice-President since the organization, was chosen President
o f the Equitable Life Assurance Society to succeed the late
Henry B. Hyde. Mr. James II. Hyde, a son of the deceased,
was elected Vice-President, Mr. Gage E. Tarbell Second VicePresident and George T. Wilson Third Vice-President. The
directors adopted resolutions expressing sorrow at the loss of
the founder of the Society and appreciation o f his labors in
the promotion o f its success.
—The New York Realty Bond Exchange and Trust Com­
pany is a new corporation organized for conducting a gen­
eral banking and trust business, for aiding in making real
estate negotiable and useful for collateral, and to guarantee
payment of principal and interest on mortgages. The com ­
pany will also finance building loans and conduct an ex­
change for the purpose o f dealing in securities. The old
Real Estate Exchange building, 59 to 85 Liberty Street, has
been bought by the company for $580,000. The directors of
the new corporation are F. P. Olcott, Hugh J. Grant, Anthony
N. Brady, James Stillman, Henry O. Havemeyer, John D.
Crimmins, James N. Jarvie, James H. Post, Frederick
Southack, Alwyu Ball, Jr., Michael Coleman and Hem y
Morganthau. The capital is $1,000,000 and the surplus is
$500,000.
—The Comptroller o f the Currency has, on the application
of the banks of Indianapolis, Indiana, designated that city
as a reserve city. Portland, Oregon, was the last previous
appointment, having been so designated in January 1899,
Indianapolis consequently makes twenty-five reserve cities,
which are required to carry 15 per cent of reserve to deposits.
Washington dispatches report that the Comptroller of the
Currency has recently instituted a system of examination
by bank examiners of the lines of credit carried by large bor­
rowers at each bank. The loans by a single firm from sev­
eral hanks are consolidated and carefully studied, resulting
frequently in an intimation from the Comptroller’s office to
the banks to reduce their lines of credit to a particular firm
or corporation. Another reformatory measure is the system
of double examinations in all the chief cities instead of the
single annual examination heretofore in vogue. Still another
is the simultaneous examination of national and State insti­
tutions which are in the same building or closely connected.
In nearly every case where the Comptroller has corresponded
with State officials with a view to the institution of this re­
form, assurances of co-operation have been received,

THE CHRONICLE.

910

J^auetaru s©ommerctal
irroin oa r own correspondent. J

L ondon, Saturday, April 29.
The rise in copper 3hares, which has been so marked a
feature of the stock markets for some time, has made rapid
progress this week, Rio Tinto shares still leading. There is
no doubt that the movement is chiefly due to American buy­
ing. But in Rio Tinto shares the advance is largely explained
by the position of copper, the belief that the price of copper
will continue high for a considerable time to come, and the
extraordinary richness of the mine itself. The price this
week has been as high as 48K- The old ordinary share was
some time ago divided into two shares-a preference and an
ordinary. And if we include the preference of £6 the price
of an old share would now be 54^. The highest quotation
at the time of the Secretan ring was between 25 and 20. The
highest price ever touched by Rio Tinto shares in the past
was during the great boom in Paris, which broke down
with the Unione General smash at the end of 1881. At
that time the old Rio TiDto shares went to 32. Of course,
it is true that Rio Tintos have been a favorite investment in
France for a great many years, and that the mine itself is
wonderfully rich and has a life of at least 80 years. But
still a quotation of 54J^ seems to be altogether excessive.
There has during the week likewise been very considerable
activity in the market for Western Australian shares. They
have been neglected for some time. But the water supply
provided by the Government is now so good and the pros­
pects of the mines have been so improved that attention has
again turned to them.
There has also been a decided recovery in South African
shares, and especially in Rhodesian shares. Mr. Rhodes is
understood to have at last arranged with the Government
for a guaranty for that portion of his great projected
line connecting Alexandria with Cape Town which is al
ready built—a distance of about 600 miles. Originally Mr.
Rhodes wished to get a guaranty for the line to be built
from Bulawayo to Tanganyika, that is, from the capital of
Rhodesia to the Great Lakes. It is believed that the Colo­
nial Office was in favor of the guaranty, though of course
nothing can be known for certain on that point. But the
Chancellor of the Exchequer resisted on the ground that if
ever a railway through an unsettled wilderness does pay, it
cannot be expected to pay for many years yet, and that it
would Dot be right for the Government to throw away the
public money for such a purpose. Then Mr. Rhodes sug­
gested that if the Government would guarantee that portion
of the line which is already built and which is earning the
full interest on its bonded debt, the guaranty would enable
him to borrow at so very low a rate of interest that he would
be in a position to raise the money for building the remain­
der of the line. It is understood that the Government has
agreed to this. In the meantime the principal Rhodesian
mining companies and several great capitalists in Londonhave
combined together, and it is understood that Mr. Rhodes has
obtained about 1% millions sterling, which will enable him
to push forward nis railway at once. He is to meet the
shareholders of the Chartered Company at a special meeting
next Tuesday, when no doubt he will explain all his plans
to them.
In regard to Transvaal shares there is not so much doing,
although it is believed that the negotiations have been resumed
between the Transvaal Government and the leaders of the
mining industry. There is a good deal of unrest in the
Transvaal. There is evidently, indeed, a revival of the bad
feeling between the Boers and the Uitlanders. And especial­
ly it is understood that President Kruger is annoyed be­
cause his request to be allowed to attend the Peace Confer­
ence has been refused. The Dutch Government wished to
invite both the Transvaal and the Orange Free State. But
the British Government objected on the ground that, while
both States are entitled to absolute control of their own in­
ternal affairs, they are represented abroad by the British
Government. President Kruger, it is understood, bitterly
resents this, and hence there is some uneasiness. But the
market refuses to believe that a quarrel will ensue. Still,
as the week draws to a close markets have given way some­
what. On Monday next the Stock Exchange will be closed,
and to-day very few members are in attendance.
In other departments very little has been doing. In the
American department professional operators buy and sell,
but the great public holds aloof; and indeed it does the
same respecting ail the other markets. There is not much
activity in British securities. International securities are
almost entirely neglected, and even colonial securities are
not in much demand.
Money has been in fairly good demand during the week.
The fortnightly Stock Exchange settlement began on Mon­
day morning and ended on Thursday evening. And yester­
day and to-day are the two last working days of the month,
when there is always a certain movement of money. More­
over, a good deal of money has been locked up by the appli­
cations for new companies, more particularly in the case of
the Egyptian Government irrigation certificates. Some time
ago the Egyptian Government entered into a contract with
Messrs. Aird for the construction of two great dams on the
Nile for the purpose of irrigating Egypt, the Government to
re-pay in thirty years the money laid out. The Messrs. Aird
sold the instalments due from the Government to a com­

[VOL. LXVIII.

pany, and the company offered at the end of last week £430,000 of the certificates, which are thus Secured upon Egyptian
Government payments. In making applications deposits of
10 per cent had to be sent in. And as the applications
amounted altogether to ll}4 millions steniDg, it will be seen
that over £1,100,000 has been locked up on account of this
one operation duriDg the week. The probability appears to
be that the market will become easier next week, and that it
will continue easy, or at all events moderately easy, during
May. Trade, it is true, is wonderfully good and is still ex­
panding. But there is not much speculation in trade; nor
outside of copper and the gold markets is there very much
speculation upon the Stock Exchange.
In France business is quite inactive, Indeed renewed ap­
prehensions, excited by the continuance o f the Dreyfus
scandal, are raising a fear that next year’s exhibition may
be seriously injured. A couple of months ago there were
signs of improvement in trade. But these have ceased and
from almost all parts of France now come reports that mat­
ters are nearly as bad as they were last year. Money then
will continue cheap in France.
In Germany liquidation is still going on, and apparently
no gold is required for the present for the United States:
while it is exceedingly improbable that the Indian Govern­
ment will begin to take gold before the Currency Commis­
sion reports.
Upon the whole, therefore, it looks as if the market will
remain fairly easy for a month or tw o yet. There is no de­
mand for any other country, and the Bank of England is
gradually receiving the metal, though not in very large
amounts.
Meantime the India Council has checked the fall in its
drafts which seemed about to set in, by the great reduction
in the amount it offers for sale. This week it offered for fen­
der only 30 lacs. The applications exceeded 283 lacs, and
the whole amount offered was sold at about Is. 4d. per rupee
for bills and Is. 4 1 32d. per rupee far telegraphic transfers. A
very small amount was subsequently sold by private contract.
Xne following return shows the position o f the Bank of
England, the Bank rate of discount, the prioe of oonson,
t o ., compared with the last three years:
1899.
26.

A p r il

-----27.
*
27,642.860
12,361,186
37,950,705
13,191,953
88,935.886
21,037.783
31,780,643
41%
A p r il

1897.

1896.

28.
&
27,199,000
11,220.465
38,903,977
13,842,588
28,018,745
20.094,913
86,943,918
51 16-10

A p r il

A p r il

29.

26,803.905
Circulation................................... 27.399,595
14,150,797
Public deposits............................ 12,547,762
49,558.904
Other deposits............................. 38,180,921
16,260,785
Government securities............. 13,388,128
28,161,877
Other securities ........................ 34.638,971
38,118.588Reserve of notes and coin........ 20,673,328
47.0 >2,493
Coin ^bullion, both departm’ts 31,271,923
Prop, reserve to liabilities. p.ct.
40%
2
Banx rate.....................per cent.
3
111 6-16
11115-10
111 1-10
Consols, 2 H per cent..................
110%
31 1 lid .
26 %d.
Silver;........................................... 28 3-l6d.
M
s.
140.090.000
Clearing-House returns......... 147,451,000 129,059,000 138,288,000

English Financial markets—Per Cable.
The dally closing quotations for securities, etc., at London
are reported bv cable as follows for the week ending May 12.
Sat.

London
S ilv e r, p e r o u n c e .........d.
C o n so ls ., n e w , 2 % p .o ts .
F o r a c c o u n t ..................
F r’cb re n te s(ln P a ris )fr.
S p anish 4 s ........................
A tc li.T o p . <fe S a n ta F e . .
P re fe rr e d .......................
C anadian P a c ific ............
C en tral P a c ific ...............
C hesa pea ke & O h io .......
C hie. M il. & St. P a u l ....
D en. & R io G r. c o m ____
Do
d o P re fe r r e d ..
E rie, o o m m o n ..................
1 s t p r e fe r r e d ................
I llin o is C e n tr a l...............
L o u is v ille <fc N a sh v ille .
M o. K a n . & T e x ., c o in ..
N. Y . C e n t ! & H u d s o n ..
N. Y . O n ta rio <& W e s t’n
N o r fo lk & W e st’ n p r e f .
N o rth e rn P a o ifio , c o m ..
P r e f e r r e d ......................
P e n n s y lv a n ia .................
"P k ila . & R e a d ................
*P h1la.& R ead., 1 s t p re f.
'P l i i l a .* R e a d .. 2d p re f.
B outh’n R a ilw a y , o o m ..
P r e f e r r e d .......................
U n io n P a c ific ....................
P re fe rre d ......................
W abash, p r e fe r r e d .........
' P r ic e p e r sh are.

Mon.

28
1103lf 110%B
H O h n U 0 5 1R
102-45 10 2-45
59%
5»%
18 %
19 %
58%
595s
99 %
10 0 %
fti3a
51%
26%
27%
12 7%
129
23%
22%
78%
78
13%
13%
36%
36
117
118
67 %
67 %
13
12 %
13 9 %
138
26
26 %
69%
69%
52%
52
80%
8' %
67%
67
10%
10 %
30%
28%
16
15 %
12%
12 %
53
52%
45 %
45%
79%
78%
22 %
21 %

28

T u ei.

Wed.

28%
28 %
l l O L e 11 0% e
1 1 0 3 .«
110%
1 0 2 4 0 02 -5 2 %
60
59%
18 %
18%
56
56 %
1 0 "%
10 0 %
48%
47%
26 %
26 %
126%
127%
22 %
22%
77%
77%
13%
13%
35%
35 %
117
117
66 %
67%
13
13
137
136
25 %
25 %
68 %
68 %
51
50%
79%
79%
66%
66 %
103Q
10 %
28 %
28%
15%
15 %
12
11%
51%
51%
43%
43 %
77%
76%
21%
21 %

I h u r t.

ir i.

283, „
1103,8
1105 <
02 -5 2 %
60 %
1938
58%
10 1 %
50
26%
128
25
79%
13%
363s
11 7 %
67%
13
137%
26
09%
51%
80%
66%
10%
29 %
16 %
12%
53 %
44 %
78%
22%

28
1 .0 %
1107,&
0 2 -5 0
60%
19%
57 %
100% 48%
26%
12 7 %
23%
79
13%
35%
117%
67%
12 %
136%
25%
68%
51%
80
65%
10 %
28 %
16
12%
53%
44%
78%
21%

©ommeuctal and J^lsaeliutteuws

s

i m p o r t s a n d E x p o r t s f o r t h e W e e k . —The follow ing a r e
the imports at New Fork for the week ending for dry *oods
May 4 and for the week ending for general merchandise
May 5; also totals since the beginning of the first week
in January.
rO S B IQ H

F or week.

IM P O S T S A T H E W

1899.

1898.

TO RS.

1897.

1896.

D r y G o o d s ___
Gten’ i m e r’ d lse

* 1 ,« 0 5 ,7 5 5
8 ,7 9 4 ,5 6 8

T o t a l_____
S in ce J a n . 1.
D r y G o o d s ___
G en’ l m er’ d lse

$ 1 0 ,6 0 0 ,3 2 3

$ 7 ,7 9 5 ,4 8 7

$ 1 8 ,3 8 2 ,0 1 9

$ 9 ,7 4 5 ,0 1 6

* 4 0 ,7 1 7 ,9 9 4
1 4 9 ,6 4 4 ,7 4 0

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

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

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

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

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

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

T o ta l 18 w eeks $ 1 9 0 ,3 6 2 ,7 3 4 $ 1 6 1 ,4 3 4 ,9 6 9 $ 1 9 7 ,0 1 0 ,9 1 2 $176,4 26,9 571

1

HXP03TS ?aOK NSW YOBS FOB THE WEEK,
18 9 9 .

1898.

1897.

1896.

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

$ 6 ,8 7 6 ,8 7 3
1 6 1 ,8 7 9 ,3 3 5

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

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

T o ta l 1 8 w eeks $ 1 6 7 ,4 8 8 ,0 7 2 $ 1 6 8 ,7 5 6 ,2 0 3 * 1 3 7 ,3 1 4 ,0 2 4 $ 1 3 4 ,7 3 1 ,3 5 9

The following table shows the exports and imports of
specie at the port o f New York for the week ending May 6
and since January 1, 1899, and for the corresponding periods
in 1898 and 1897.
EXPORTS AND IMPORTS OP SPECIE AT NEW YORK.

ExvorU.
Week.

Im portt.

|Since J a n .l .

........... )

Week.

Since Ja n . X.

........
:::::::

$ 2 5 0 ,9 0 0

W e st I n d ie s ..............
M e x ic o ........................
B ooth A m e r lo a .........
A l l o t h e r c o u n trie s.

$ 2 7 9 ,9 0 0 ; * 3 ,7 7 7 .4 3 2
............. j
5,7 0 0
.............
2 0 * ,4 5 2
.............
9 9 ,9 0 4

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

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

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

$ 2 7 9 ,9 0 0 ' $ 4 ,0 8 9 ,5 3 8
5 ,0 0 5 j 4 .4 6 0 .4 7 9
2 .6 21,2 49- 1 0 .2 4 1 ,3 7 2

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

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

Im portt.

jExports.
Silv er.

Week.

G rea t B r ita in ...........
F ra n o e ....... — .............
G e r m a n y ....................
W e st I n d i e * ............
M e x ic o — .................
B o o th A m e r ic a -.......
A ll o th e r c o u n tr ie s .
T o ta l 1 8 9 9 .........
T o ta l 1 3 9 8 . . . . . .
T o ta l 1 8 9 7 .........!

; a in rc J a r i .l .

$6B7, IS 0 !$ 1 5 ,7 4 0 ,4 2 0
2 0 ,6 0 0 ;
1 ,4 2 3 .6 8 $
........3 ,6 8 0
3 9 9 ,9 4 9
2,000
9 .0 0 0
3 4 .397
2 ,1 9 5
§ 6 8 9 ,7 4 0 * 1 7 ,6 1 3 ,9 0 7
791,0471 1 4 ,8 1 0 .0 8 3
8 7 6 .1 0 0 ! 18,515,9821

Week.

S in t* J a n . 1
$ 5 7 ,9 4 1

* 1 8 .0 6 2
41 .142 !
1,6 98
$ 6 0 ,9 0 2
*29.210
5 9 ,8 0 7

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

Of the above imports for the week in 1899 $14,444 were
American gold corn and $247 American silver coin. Of the
exports daring the same time $29,000 were American gold
com and $2,000 were American silver coin.
New York City Clearing House Hanks.—Statement of
condition for the week ending May 8, based on averages
o f dally result*. We omit two civhera f OO) in aU cases.
Baxks*

Capita* irurpi'i jL-oan*.

Mink of N ow York-. §2,000,0 • 1,912.7 ♦ 15.740 ,0 f 3,330,0
M eahessen C o ...... . 2,050.0 2.185.6 20 .795.0 5.257.0
M erch a n t*'............. 2,000,0 1.090.6 14.950.8 3.030,®
M ech an ic*'. . . . . . . . . . 2 , 000,01 2.082.6 13 .2 3 1.0 2.0 13 .0
A m e r i c a ............... - 1.600.0 2.650.4 2 3 .0 9 1.1 3 ,643.9
934.0
6.037.0
1, 000.0
242.4
Fhendx----9 1.0 5 5 .2 30,002.9
1.000. 4.683.2
0
OU T..............*--------Obittlsal...--- ----300.0 6.493.4 3 7 .0 3 7 .1 6 .8 0 1.7
5 .472 .6 1.168.3
Mercha&U* X xch f t
600.0
189.4
8 .17 7 .8 1.10 8 .0
Gidlatin..
______ 1.000.
0
1.690.8
1.04 3.2
231.6
B a te h e n * * DTOT’ r*'
300.0
80.3
1 .7 1 7 .0
199.0
M*Oh**Moe'ATrad'k
400.0
110.6
1.010.2
103.3
G reen w ich --...-----...
200.0
170.3
4.269 .5 1.140.8
Le*th*r Manafao'r* ; 600,0
506.4
2.588.2
789.8
Berenih.
300.0
137.8
4.847.8
076.5
Btata of N e » York.. 1.200,0
636.4
A.2B4ACAO *XOhAC*t 6 , 000,0 2.678.9 28.038.0 8.232.0
* 7 .0 1 8 ,2 2.861.3
3.686.6
5.000.
0
7 .10 4 .9 1.427.4
1.837.2
B rea d w a y ..—
..... 1.000.
0
M ercantile
. . . . | 1, 000.0 1,061,8 12.30 9.3 2.983.3
477.3
3 .2 93 .2
480.8
P a c lflo ............ —
| 422,71
B ep h b llo - - - - - - - - . . . . . . j 1.500.0
889.5 21.125.4 5.307.7
6 .78 1.3
842.8
|H |
Chatham...... ~ ..........| 460.0
2 .13 3 .4
384.5
282.4
Poople’f............. —| 200.0
North Am erica-----802.8 13.254.8 2 .6 1 9 .3
700.0
H i-n orer..
1, 000,0 2.409.4 4 1 ,1 3 3 .6 10 .5 5 1.0
4 .2 16 .0
980.7
373.9
600.0
2.088.4
797.7
cntiwusji*. . . . . . . . . . . . . i 600,0
373.4
602.5
3.706.9
H u n s ................ .
263.9
500.0
6.550.0 1.013.2
Market a Fnlton...
982.0
900.0
3.946.6
1.034.6
Shoo A Loath o r ...
166.4
1.000.0
Corn B ioh a a*® .--1.400.0 1.662,1 18 .7 53 .3 2.474.0
6 .0 3 1.2 1.618.6
587.3
Continental--. . . . . . .
1,000,0
194.7
2 .1 2 1 .0
O rton U l. . . . . . . -----401.8
300.0
Im porter!* A Trad’ ri 1.500.0 6.8.38.8 34.859.0 6.380.0
Park . . . ....... ........... . 2 , 000,0 3.246.8 47.428.0 16.847.0
1.411.7
281.2
165.4
i M t R iver— . . . . . . .
250.0
25.211.3 4.076.0
F ou rth . . . . — . . . ..... 2.095.7
3.000.
0
11.571.0
2.882.0
C en tral........... .......
474.6
1.000.0
B eooud......................
788.1 j 7.508.0 1.40 9.0
300.0
3.120.0
4*3,6
N in t h ...---------------248.8
750.0
39.308.3 9.498.9
7,713,0
t i n t - - . . * --------—
500.0
2.030.5
200.4
67,2
300.0
N, Y .S t
3.085.0
667.0
Bowery-----------------—
639.4
250.0
3 .4 1 1 .2
872.3
Hsw Y ork C oun ty..
200.0
446.0
3.234.8
493.1
9< nn *a A m erican..
286.1
750.0
1,000,0 1,346,5! 37.996.5 11.477.1
Fifth Arena*...........
100.0 1,148,91 8.730.9 3.074.8
332.9
German Exchange.,
3.264.2
200,0
583.8
200,0
3.387.8
519 .0
Germania. . . . . . . . . . . .
762.2
Lincoln......................
0,490.6 2.333.0
300.0
755.8
Garfield--------------200.0 880.3 0.058.8 1.103.5
3.240.5
338.6
200.0
339.0
F ift h ....................... 5 .7 1 5 .6 1.188.3
Bank o f the Metrop.
883.0
300.0
412.0
364.8
200.0
Went S id e................
3 .0 15.0
441.3 1 1.3 12 .0 2.583.0
500.0
Seaboard... - . . . . . . . .
2.100.0 1.021.8 32.090.9 8.450.9
W*«*etTj....... a * .....
574.0
510.2
5.428.0
300.0
F irst N a t B’ k ly n ...
N a t Union B a n k ... 1,200,0 1.108.9 14,834,0 5,191,7
385.3
4,110.5 1,084,8
500.0
L ib e r ty ....... .............
350.4
3.975.0
405.1
N - Y. Prod. B xeh'ge. 1.000.0
w* .of N . Amaterfla®
335,2
260.0
3,787.8,
779,9
350,0
160,8' 3.724.0
740,0
Aktor. . . . . . . . . . . . . . . .

Legal*. JMpoeit*
$1,050,0 $16,390.0
1.943.0 25.007.0
1.241.3 17.833.1
754.0 12 , 000,0
3.172.8 20,085,8
223.0
5.000.0
3.741.8 121,090,2
1.956.1 29.793.5
800,8
6.232.8
828.9
0,909,0
93,4
1.232.8
166.0
1.830.0
248.0
1.038.5
304.0
4.527.1
3.434.1
193.2
419.8
4.449.1
3.109.0 28,881,0
3.607.9 23,3*7,5
0,633,7
180.0
081,7 18.303.6
440.0
3.709.7
090.5 »23,714,3
830.6
0 .928,3
882.1: 2.832.9
947.7 15.318.7
2.338.1 51.923.6
4.902.0
536.7
3.026.4
116.0
3.471.7
306.7
730.0
4.833.2
222.0
1.370.0 15.318.4
7.462.1
300.3
2 , 100,0
329.4
1.288.0 25.357.0
2.320.0 02.056.0
1.470.3
148.7
2.226.2 27.437.7
905,0, 14.919.0
8.570.0
607.0
3.292.0
271.4
870.5 42.044.7
2.289.8
394.6
3.010.0
412.0
4.161.6
330.2
8.159.5
278.9
4,149,7 51.200.0
470.2 10.082.8
3.282.6
018.8
271,71 4.794.1
338.4 10.012.9
7.750.5
654.7
2.300.1
218.8
0,934,0
728.5
2.952.0
330.0
1.147.0 14.160.0
1.063.3 38.506.9
B.506,0
1.418.0
350.3 17.514,7
4.974.2
162,2
8.424.0
879.5
4.110.9
u p
4.218.6
347.0

*58.022.7 77.386,7'776,702,8 18843371 65,819.0 899.825.4

Reports of Non ^emher Banks.—The following is the
tatement of condition of the non-member banks for the
week ending May 6. baaed on averages o f the daily results
W e omit two ciphers (00J in all cases.

Capi­
tal.

BANE®.
(00a om itted.)

S ? w Y ork c it y .
Bo r o u g h o f
*
Ma n h a t t a n .
C olonial......... ....... 100.0
C olum bia................ 300,0
Eleventh W a rd ... 100,0
Fourteenth Street. 100,0
Franklin N ational 191,4
3 a n se ro o rt.......... 200,0
200,0
Hamilton.-----600,0
Hide A Loath, 3
1100,0
Som e................
Mount M orria....... 1250,0
1200,0
M utual.........
Nineteenth W ard. 100,0
P laaa...................... 100,0
! ioo,o
Riverside........
State....................... . ! 1 0 0 , 0
Twelfth W a r d .... 200,0
Two cry. third W*d 100,0
Union Square........ 200,0
100,0
Y orkrille - .. .
B o r o u g h of
Br o o k l y n .
150,0
B edford..............
100,0
Broadway..........
300,0
B rooklyn............
Eighth W a r d ......
100,0
Fifth A v e n u e ..
200,0
150,0
Kings County..
M»n*ifact?r » ’ Nat*! 252,0
500.0
M echanics...........
H e ch V A Tradr’s 100,0
assail N ational. 300,0
National C it y ..... 300,0
North Side............ 100,0
People’ s ................. 100,0
sch e n n e rh o rn . . . . 100,0
100,0
Sprague N ational.- 200,0
Twenty-sixth W ‘ d. 100,0
loo.o
Union------ . . . . .
Wall ab ou t............. 1100.0
BOB. OF Q ukknb .
Que^bsCo. (L.I.O.] 100,0
Borough of
R ic im o s o 25,0
100,0

.......

O t h m r C iT i m a .

1st Nat., Jer. City. |400,0
Hud. Oo. Nat. J. 6 250,0
Id Hat., Jer. City. ! 250,0
! 200,0
f 110.0
125,0

Deposit, teil'r.

Loam*

Sur­
plus.

! |ta°

The following is a statement o f the exports (exclusive oi
specie) from the port of New York to foreign ports for the
week ending May 8 and from January 1 to date:

F o r th e w eek..
P r e r . r e p o rte d

911

THE CHRONICLE

Mat 13, 1399.]

In v e s t­ Specie.
m en t*.

9
9
$
*
60,0
79,3 1.049.4
13,5
S6,o
190,0 2,239,0 113.0
46,0
55,6
119,0 1,405,6
924,0
15,3
99,7
59,5
169,0
1.2
6.7
781,1
10,4
49,0
16,3
82,2
49,6
86,7 1,280,8
221.3 2,323,7 142,3 217,9
84,7
586,3
68,4
43,5
71,5
87,0
100,6 1.824.8
26,2 101,3
110,7 L,097,2
19,2
752.0
93,5
28,6
83,0
39,5
115,9 2,119,0
12,4
37,9
851,6
107,0
75,0
114,3 1,044.0; 140,0
22,2 129,4
115,7 1,223,8
72,0
20,2
51,1 1,024,9
94,5 200,4.
307,6 2,453.2
71,8
97,6
141,0 1,585,9

O lear’o O ther
A gen t. B k s.k c

$

$

102,4
141,0
4,6
242,8
230,4
61,5
9,0
48,1
118,1
227,1
...
43,8
7,0
110,6 112,0
158,1 140,5
109,2 125,0
191,7
79,1
96,0 160,0
115,1 : 20,0
29,2
37,1
190,4
175,3
20,0

__
__

__

__
....

Net
D ep o eits.

$
1.147.0

2.199.0
1.611.5
1,194,9
69,0
700 ,4
1.391.7
1.855.5
623,6

2 . 112.1
1.170.6
1,108,0

2.156.8
844,1
2.325.0

1.584.9
1.087.1
2,833.4
1,693,8

1,187,8
1,332,2
1,200,4
318,8
610,8
823,0
718,9
2,522,9
2.892,7
954,1
3,994,0
2,626,0
780,4
975,8
976,1
476,7
1.149.2
446,5
291,7
531.3

27,9
25,5
65,B
14.2
24.8
30,7
4 4.1
259,6
136,0
30,3
150,0
126,0
12,1
35,6
3B.1
8,7
92,4

88,4
146,8
38,5
22,5
20,9
20,9
31,1
230,1
147,1
49,7
214,0
245,0
54,3
30,8
35,8
37,0
9,0
22.3
it,9
16,8
M
12,9
41,5

135,2
120,4
173,1
50,0
40.3
69,7
113,9
502,0
182,5
108,8
389.0
467,0
25,8
50,0
125,5
49,4
i 00,0
76,1
24.1
69,8

ioo,o 1.340.4
1,444,2
s i ,8 1.278.0
14,0
302.4
551,6
9,9
031.5
731.5
2.939.1
2.851.2
80,9 1 ,011,0
41,0 4.054.0
207,0 3.210.0
699.9
38,1
955.5
1,019,9
418.0
8,8
3,0 1,000,0
463.9
2,2
241,8
50,0
856.0
136,0

140,1 2,070.3

07,7

90,5

270,8

93,8 2.402.5

555,3
045,3

14.9
12.9

20,7
23,8

107,5
88,5

—

109,4
125,3
160.7
35,1
53,0
154.9
56.0
421,8
380,0
180,5
505.3
555.5
114,4
119,0
62,1
07,7
214,0
52.5
54.1
32,0

48,7
72,2
758.2
529,9
371,1
200,5
423,4
85.1

.

8

036,3
800,9

4,624,5 128.8 301,4 084,1 459,8 5 ,6 4 1,0
77,4
2,105.0
64,7 269.0
00,2 2.027.3
55,7 284,4
1,559,0
1,463,9
55,3
1.032,2
23.8
67,3 101,8
16,8 1.023.4
1,015,1 112.4
20,2
81,0 643,0 1,849.6
53,2
888,8
30.0
71,0 194,4 1.109,8

T «t»l» M at 6. \S.3i3 /A-»<5,<?OT .6 4 1 J 3,7'O 4 3 ,8j 8.0 7.3973 3,813.4 70,3613
4,747.7 J.oSSb 1S, 136,4 3 3 S«.S,71,101,8
Total* Apr, SB.
fotA l* A p r . 2 2 .. S3X3 ^J).3 i0.<
j\64.ij3,q 3.744,9 3 ,010,817,6883 3 , V 4N '6Q,8t>3,3

Auction Sales.—Among otner securities the follow ing,not
regularly dealt in at the Board, were recently sold at auction
By Messrs. Adrian H. Mnller & Son :
Shares,

B onds.

5 B o w e r y B a n k ................,3 0 0
$ 5 ,0 0 0 P a te rso n , N .J .,re n e w 1 0 K t n g «C o .B k .o f B ’ k ly n .1 0 2
aU>3S, 1 9 0 0 ..........107 t , a n d ln t .
15 K a n . C . 8 t. I . A C h ic.
$ 1 0 ,0 0 0 J e r s e y C ity 6 » , 19 10
R R . p r o f., g u a r .. . . . . . ISS**
J A D ............................12 2 a n d ln t.
5 N at. C ity B a n k............. 20 1 5 $ 5 ,0 0 0 J e r s e y C ity E x te n s io n
U B k .o f N ew Y o rk , N .B .A 2 5 0 J ,
6a, 19 0 4 , A A O ....... I l l “s a n d ln t .
3 « Nat. B ark B an k. . . . . . . 5 3 8
$ 5 ,0 0 0 H u d s o n C o,. N. J ., 0s,
1 0 0 N at. B u tch er*’ A Ilr o v
1 9 0 5 . JA -J................ 1131i a n d ln t .
o rs ’ B a n k ........... - 7 9 1u-7938 $ 2 5 0 M ou tela lr C lub 2 d s,A j)i.
4 0 C hatham N at, B a n k . ..311
c o u p o n s on ..................... $ 7 0 l o t
10 F ra n k lin T ru s t C o .........30 0 1 , $ 3 ,5 0 0 L a k e C itie s E lec. R y .
1 ,0 0 0 N at, N ick el C o .. . , , . 0 4 p e r sh
C o. o f M ich. C ity, Iu d ,. 1st
2 N at. S h o e A L e a t h 'r B k lO b
0s. 19 23 ............... ..........*1 1 p. b ’ d
1 B ank o f A m e r ic a .......... 4 2 0
$ 1 5 ,5 0 0 K in g s C o. E l. R R .C o.
4 M anhattan C o. B an k ..2-16
in c o m e s ....................................
3*5
10 P h e n tx N at. B a n k .....,1 1 5 > s $ 5 ,0 0 0 T e rre H a u te & P e o ria
HR. 1st 5s, 1 9 4 2 .................... 73»*
4 O e rm a n -A m e rico n B 'k 118
3 3 C orn E x , B a n k . . . . 3 6 1 1 , 36 5 $ 2 ,0 0 0 Clilo. P e o ria & 8 t, X,.
1 N at. B a n k o f R ep u tilio.1 0 5
K R 1st 4s, 19 25 ................... 22
1 Mark's A- FMCn Nat Bk 230
$ 1 ,0 0 0 C hic. P e o ria & St. L.
5 N at, Citizens* B a n k .... 1458)
K R . 2 d In co m e 4 s, 1 9 4 5 ... .
4>e
2 5 C ln. H am , A D 'y t o n HR.
$ 5 ,0 0 0 G ra m e ro y S u g a r C o.
C o. p re f.. ...................... 90
1st 6s, 1 9 2 3 .............................. 95
5 0 8 t'l T ired W h ’ l C o. com 24
6 Im p .A T ra d e r* ' N at.B k.54 1

By Jleoars, K. V. Harnett & Co.
Shares.

Bonds,

$ 3 0 ,0 0 0 A tla n t ic H ig h la n d s
R ed B ank A L o n g Hr. El.
R y . 1 st 5a, 1 8 4 5 . J u ly so u p .
18 0 8 , a tta ch e d ........................ 50

1 M em b ersh ip N . Y . P ro d .
E x c h a n g e ............... ...........$1 27

BanHina anti ^financial.
30 NASSAU ST R E E T , N EW Y O R K .

FISK & ROBINSON
B A N K FallS

IN V E S T M E N T

S E C U R IT I E S .

H A R V E Y E D W AR D FISK.

GEORGE H. ROBINSON,
Member N. Y. Stock Exchange.

encer Trask 8c Co.,

Spe

BANKERS,
I 7 4c 1 9 P I N E g t R E B T ,

.

.

.

NBW

ro u st

6 5 State Street, A lb a n y .

IN V E S T M E N T

S E C U R IT IE S .

GkoRQii B a b o l a t M o f f a t .

Mo

f f a t

albxasdek m

& W

. W iiit b ,

hite

jb

,

BANKERS
3 « , 1 NA S I S i P S T R E E T ,

.

.

.

NEW TOOK

IN V E S T M E N T S E C U R IT IE S .

.

THE CHRONICLE.

912

j a n k e r s ' ( ia ^ e ttc
D I T I D K H D S .

Per
Cent

Hamt o f Company.
R a i l r o a d s ( S t e a m .)
B o sto n <fc M ain e, com . (q u a r.).
C ataw issa. p ro f, s t o c k s .............
C hestnu t Hill (q u a r.)..................
D e '.A B ou n d B ro o k , guar, (quar.)
M aine C entral (q u a r .).............
N orth P e n n sy lv a n ia (q u a r.).
P hlla. G erm a n. & N o rrlst’ n (qu.)
S tre e t R a i l w a y s .
T h ird A v e . R R .. N . Y. (q u a r .)....
m itc e lla n e A D N .
A d a m s E x p r e s s (q u a r .).................
A m e rica n E x p r e s s ........
—
E r ie T o le g . <fc T elep. (q u a r .).........
M ich igan T e le p h o n e .....................
P a cific M all S tea m ship ..................
P a rk Steel ( q u a r .) ........................
P e n n sy l. N atural G as (quar.) —
U. 8. E n v e lo p e , p ref. (q u a r .).—
W e ls b a o h C om m ercia l, p f. (quar.)

When
Payable.

Books closed.
(C a ys inclusive. >
----------- t o ---------------------- t o ------------------------- t o ----------------------- t o --------------------------t o --------------M av 11 t o M a y 19
------------ to ------------

lk )
2 >«
lk
2
1*2
2
3

J u ly
M ar
Ju n e
M ay
J u ly
M ay
Ju n e

1
19
5
20
1
25
5

13,

M ay

31 M ay 21 t o M a y 31

2
3
1
lk
Iks
13,

June
1 M a y 13
J u ly
1 June 4
M av 15 M ay 7
M ay 15 M ay 12
.1un e
1 M a v 23
June
1 M av 21
M ay 10 M av 6
Ju n e
1 May 16
June
1 June 1

13,
1

to
to
to
to
to
to
to
to
to

June 1
Ju ly 2
J u n e 13
M ay 14
June 1
M ay 31
M a y 10
June 1
J u n e 10

W A L I. 8 T B K K T , F U 1 D A V . M A Y l i , 1 S 9 9 .- 5 P . M .

The Money Market and Financial Situation.—There was
some recovery on Wednesday and Thursday from the heavy
decline in stocks which had taken place. The hear move­
ment, which continued up to the close on Tuesday,
was unusually successful, finding, as it did, a consider­
able amount of stocks held on light margins, and the exten­
sive liquidation may result in a healthier condition of the
market. The low quotations made on Tuesday attracted
some good bnying on Wednesday morning, and there
was evidence of a' change in tone, but later a good deal
of irregularity has developed, and the market closes in rather
an unsatisfactory condition. Notwithstanding wide fluctua
tions in the stock market, in which high grade issues par­
ticipated, the market for railway bonds has continued
generally steady and the tendency of Government issues has
been upward.
There is reported to have been considerable buying of
stocks for foreign account. However this may be, the
foreign exchange market is decidedly easier, bankers’ bills
having been in liberal supply, and rates have declined. Evi­
dence of extensive business operations in all parts of the
country, to which attention has been frequently called of
late, continue in force, and the price paid this week for a
Stock Exchange membership, the highest in the history of
the Exchange, indicates a belief that business in that de­
partment is to continue good. The money markets at home
and abroad are becoming easier as the season advances.
Financial operations this week point to a favorable state­
ment by the local banks to-morrow.
The open market rates for call loans on the Stock Exchange
daring the week on stock and bond collaterals have ranged
from 2% to 6 per cent. To-day’s rates on call were 3% to 4
per cent. Prime commercial paper quoted 3% to 4% per cent.
The Bank of England weekly statement on Thursday
•howed a decrease in bullion of £20,422, and the percentage
of reserve to liabilities was 39'50, against 38-80 last week; tne
discount rate remains unchanged at 3 per cent. The Bank
of France shows an increase of 3,750,000 francs in gold and
decrease of 150,000 francs in silver.
The New York City Clearing-House banks in their state­
ment of May 6 showed a decrease in the reserve held
of 12,165,200, and a surplus over the required reserve of
119,351,950, against 125,524,675 the previous week.

a

1899

May 6

Differ enysfr*m
Prev. week.

1898

1897

Ma y 7

May 8.

C a p ita l........... ..
S u r p lu s .................
L o a n s & diao’ nts.
C ircu la tio n ...........
N et d e p o s its ........
S p e c ie ....................
L e g a l t e n d e r s ....
R ese rv e h e ld .......
L e g a l r e s e r v e ___

$
$
5 8 ,6 2 2 ,7 0 0
.................
77,:i 86,7001
.................
7 7 6 ,7 0 2 ,80O ]rno. 1 6 6 6 1 4 0 0
13 ,8 8 3 ,2 0 0 iD eo.
7 3 ,5 0 0
8 9 9 ,6 2 5 ,4 0 0 iln o .1 6 0 3 0 1 0 0
1 8 8 ,4 3 8 ,7 0 0 D eo 7 2 9 ,7 0 0
5 5 ,8 1 9 ,6 0 0 D eo 1 ,4 3 5 ,5 0 0
2 4 4 ,2 5 8 ,3 0 0 D e o .2 ,1 6 5 ,2 0 0
2 2 4 ,9 0 6 ,3 5 0 I do .4 ,0 0 7 ,5 2 5

*
59 ,0 2 2 ,7 0 0
7 4 ,4 5 0 ,4 0 0
5 7 1 ,0 8 8 ,2 0 0
14,598,690
6 1 9 ,6 1 6 ,9 0 0
1 5 9 ,7 9 1 ,5 0 0
4 9 ,0 2 9 ,2 0 0
2 0 8 ,8 7 0 ,7 0 0
1 6 4 ,9 0 4 ,2 2 5

$
59 .7 7 2 .7 0 0
7 3 ,9 5 3 ,8 0 0
5 0 4 ,9 2 0 ,1 0 0
14,672 ,300
5 7 0 .3 6 1 .3 0 0
8 7 .570 .700
9 9 ,1 1 5 ,6 0 0
1 3 6 .6 8 6 .3 0 0
1 4 2 ,5 9 0 ,3 2 5

S u rp lu s re s e rv e

1 9 ,3 5 1 ,95 0| D eo.6,1 72,725

4 3 ,9 1 6 ,4 7 5

44 ,0 9 5 ,9 7 5

Foreign Exchange.—The market for foreign exchange has
been weak and rates steadily declined on more liberal offer­
ings of hankers’ bills and a limited demand.
To-day’s actual rates of exchange were as follows; Bankers’
sixty days’ sterling, 4 84%@4 85 ; demand, 4 86%@4 87 ;
cables, 4 87%@4 87%; prime commercial, sixty days, 4 84%@
4 84%; documentary commercial, sixty days, 4 83%@4 84% ;
grain for payment, 4 84%@4 84%; cotton for payment, 4 83%
<34 83%; cotton for acceptance, 4 84%@4 84%.
Posted rates of leading bankers follow;
May 12.
P rim e b a n k ers' s te rlin g b ills o n L o n d o n .
P rim e c o m m e rcia l............................................
D o cu m e n ta ry c o m m e r c ia l.........................
P aris b a n k e rs’ (fr a n c s ).................................
A m ste rd a m (gu ild ers) b a n k e r s ...................
F r a n k fo r t o r B rem en (relonm arks) b ’ kers

Sixty days.
4
4
4
5

Demana.

8 5 k ® 4 86
4 8 7 k ® 4 88
84k®4 84k
83k® 4 83k
1 9 m la* 5 2 0 5 1 7 k ® i 6 l 8 1(,
4 0 ® 4 0 i ,„ j 4 0 k » 4 0 3 ,s
9 4 H l e ® 9 4 % I 9514-8 955 ,,

[V o l , L X V III.

The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah^
buying 1-16 discount, selling 75c. per $1,000 premium; Charles­
ton buying par, selling % premium; New Orleans, bank,
$1 00 premium; commercial, $1 25 discount; Chicago, 10c.
per $1,000 premium; St. Louis, par.
Dnited States Bonds.—Sales oi 'government bonds at r,ne
Board include $4,000 4s, coup., 1125, at 129%; $17,300 4s,
coup., 1907,at 112% to 113%; $3,000 4a, reg., 1907, at 112%;
$1,000 5s, coup., at 112%; $132,200 3s, coup., at 108% to 108%;:
$5,800 ditto (small bonds) at 107% to 108, and $13,000 3s,
reg., at 108% to 108%. The following are the daily closing
quotations: for yearly range see seventh page following.
Interest
Periods.
2 s ...........................reg. Q. -M ch .
3 s, 1 9 1 8 ............. reg. Q .- F e b .
3s, 1 9 1 8 ........... cou p . Q .- F e b .
3s, 19 1 8 , s m a ll.r e g . Q, - F e lt.
3 s, 1 9 1 8 , s m a ll..o ’ p. Q .- F e b .
4 s, 1 9 0 7 ............. reg. Q .- J a n .
4 s, 1 9 0 7 ........... ooup . Q .- J a n .
4 s, 1 9 2 5 ............reg. Q .- F e b .
4 s , 1 9 2 5 ...........co u p . Q .- F e b .
5 s, 1 9 0 4 ............. reg. Q ,- F e b .
5 s, 1 9 0 4 ........... ooup . Q. - F e b .
'T h i s Is th e p ric e b id a t t h e

May
6

May

May

8.

9.

May
10

May

May

11.

12.

• 9 9 k * 99% ’ 99*2 * 99 % ♦ 9 9 k • 9 9 k
1 1 0 7 7e -1 0 8
108k! *108% '1 0 8 k *R83&
* 1C778 1 0 8is 108 k 1083s 1 0 8 k 1 0 8 k

_

1071^

i ‘0 7 %

108

108

*107% ‘ 108

*11214 *H 23a 1 1 2 k * 1 1 2 k *112% *112%
113% 1 1 2 % ' l i s t , 113Q 113% * i i 3 k

*128% *129
*129
*129
*129% •!■ 9 k
129% * 1 2 9 ^ * 1 2 9 k *129% * 1 2 9 k ‘ 129%
* 1 1 1 % *111% ‘ I l l ’ s "112
*112 '1 1 2 %
* l l l ° s *111% * H 1 78 *112
11 2 % *112%
m o rn in g h o a r d ; n o sale w a s m a d e .

State and Railroad Bonds.

—Sales of State bonds at the
Board include $118,000 Virgina fund, debt 2-3s of 1991 at 8.4
The market for railway bonds has been relatively steady
and unusually free from special features. The volume of
business in this department continued small, averaging about
$2,850,000 par value per day. There was a tendency to weak­
ness in sympathy with the stock market, but net changes,
where they have occurred in the active list, are generally lim­
ited to small fractions, and in a number of cases an advance
is noted. Transactions were confined very largely to the
low-grade issues which are frequently conspicuous for
activity, including Atchison, Baltimore & Ohio when issued,
Chesapeake & Ohio, Colorado Southern when issued, Hock­
ing Yalley, Missouri Kansas & Texas, Northern Pacific, Read­
ing, St. Louis Southwestern, Standard Rope & Twine,
Texas & Pacific, Union Pacific, Wabash and Wisconsin Cen­
tral bonds.
The following shows the volume
of business in stocks and bonds on the New York Stock
Exchange for the past week and since January 1.

Stock and Bond Sales.—
Sales

r- Week ending May 1 2 ,- .

N. T. Stock Ezell.
Govermnentbond*
State bonds...........
HR. & m isc. bonds.

18 99.
$176,300
118,000
16,953,000

1898.
$56,500
30,000
17,349,800

— Ja n . 1 to May 1 2 .-------- ,
1899.
1898.
$5,821,600
$3,562,000
1,550,300
593,200
433,697,000
293,313,510

Total................. $17,252,300 $17,435,800
$441,069,800
$297,468,710
Stooks—No. shares
4,793,256
2,807,891
83,188,992
99,150,989
Par v a lu e ....$470,179,600 $200,712,200 $8,067,998,400 $8,797,652,225
Bankshares,par val
$18,575
$1,575
$273,110
$80,275

W e add the following daily record of the transactions:
.--------- SIocks.-------- v R a ilroa d. Ac. State
Vs s.
P a r value.
Shares.
Bonds.
Bands.
Bonds.
, $451,019 $44,327,200 $1,342,500
Saturday........
$e, 2oo
W eekending
May 1 2 ,1 8 9 9 .

Monday........ ... . 1,009,520
Tuesday................ ,1,029,471
W ednesday......... .1,037,458
Thursday........... . . 031,014
. 034,781
Friday....... .

99,847,500
101,598,700
101,162,450
02,308,400
60,935,350

2,730,500
3,185,500
2,630,000
2,639,000
4,424,500

$10,000
5,00n
53,000
50,000

21,300
58,500
12,309
17,000
61,000

T ota l............... 4,793,259

•170,179,600

16,958.000

*118.000

*176,300

The sales on the Boston and Philadelphia Exchanges were:
r- --------- — Boston.-

Saturday..
M o n d a y ...
Tuesday...
WednVd’y.
Thursday..
F r id a y ,...

L isted
shares.

37,094
70,312
53,579
68,783
30,480
27,231

V nlisted
shares .
11,820
10,087
10,084
23,400
16,000
22.059

B ond
sales.

$105,200
145,700
103,000
122,000
43,005
140,191

/---------- P h ila d elp h ia . ----------

L isted
shares.

19,748
33,702
28,560
45,193
21,045
14,839

Unlisted
shares.
25,020
63,528
45,700
37,042
87,941
47,237

Bond

sales .
$50,630
111,425
138,000
87,600
207,830
198,000

T o ta l.... 294,029 109,210
802,090
101.657 257,058
703,985
N o t e .—T he t o ta l o f sales o n th e B o s to n E x c h a n g e f o r th e w e e k
e n d in g M a y 5, o m itte d la st w e e k o n a c c o u n t o f n o n -r e c e ip t o f o n r
te le gra m fo r F r id a y , w e r e as fo llo w s : L is te d sh a res, 2 3 5 ,8 9 6 ; u n liste d
sh ares, 7 0 ,3 5 6 ; b o n d s , $ 5 7 1 ,4 9 0

Railroad and Miscellaneous Stocks.—The decline in
stocks which was a conspicuous feature of the market last
week continued with increasing force until the close on
Tuesday, when the lowest quotations were made which
have recently been recorded. Transactions were on a much
larger scale than of late, amounting to about 1,000,OCO
shares per day during the early part o f the week. The
liquidating movement was general and a large list of active
stocks, including many of the most substantial issues, had
declined an average of 10 points. The fluctuations were
exceptionally wide in a ntimber o f cases, including the local
traction shares and some of the industrial stoeks, new and old.
Extreme cases in point are Metropolitan Street Railway, Third
Avenue, New York Air Brake and American Sugar Refiinns',
which showed a loss of 36%, 28, 33 and 27% points, respect­
ively, within two weeks. While the railway list was less
yielding, New York Central declined 11% points, North
West 11 points, Atchison preferred 9% points, Delaware &
Hudson 8% points, St. Paul 8% points and Great Northern
preferred 6% points in the same period. The market toned
up on Wednesday; substantial recovery has been made in all
departments, and the volume of business is about at the
recent average. To-day’s market was highly irregular,
American sugar covering-a range o f 10% points in its
fluctuations.

Mat

13. 1899.]

THE CHRONICLE -STOCK PKICES (2 pages)

P age

l,

913

New York Stock Exchange— A Daily, Weekly and Yearly Beoord.
8T 00K 8— m
S a tu rd a y ,
M a y 6.

a s s s i

Afonrfay,
M ay 8

a

y

d

Tuesday,
M a y 9.

LO W E ST 8A L B

P R IC E S .

W ednesday T h u rs d a y ,
M a y 10.
M a y 11.

STOCKS.
N. T . STOCK E X C H .

F r id a y ,
M a y 12.

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38
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87 -A . Do
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51W 5 6 * J-> Do ne^r, when Issued.
Do pref., when Issued.
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pref.
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113 113* Central of New Jersey....
8*
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pref
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pref.
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S a le s
O f th e
W eek.
S h a re s

Bangs fo r ysar

H ig h e s t .

L o w e s t.

1 7 * Jan 14
36 Mav 8 40 Jan 14
17 May 9 24*Feb 23
50*Jan 7 67 Feb 33
0 0 * Jan 5 75*Apr 13
53*Jan 5 61*Apr 13
73 May S 7 9 * Jan 27
9*Jaa 37
8*Feb 3
7 7 * Jan 3 137 Apr lo
3 0 * Mar 84 35 Feu 4
350 69 May 9 78 Jan 14
4,610 84*M ar 15 99 May S
5,745 53 May 8 70 Jan 33
15.110 97 Jan 3 13 2 *Apr 32
8,285
2 * May 10
2 * May il
22,689 T1594 May v 753 Apr 0
9.42-, 94*Jan 5 31*Feb 2
134,791 l24*Jan 7 14 9 * Feb 18
514 Mar 0
21,230
8L*Apr 29
1,375 5 9 * Jan 4 79*M ay 1
170 112* Jan S 135 Mar 2
29,382 13*May 9 30VJan 23
20 C 83*JftB 8 9 6 * Feb 15
1,530 50%Jan 5 7 3 * Feb 24
1,890 3 9 * Jan 18 3?*M ar 28
300
7*Jan « l2 *A p r 25
735 31 Jan 4 49 Apr 17
179,995 120*Jan 3 133*Feb 20
1,170 l60*Jan 3 173* Mar 17
8.59? l4 l*J a n 4 166 Star 29
. . . . . . 1 8 8 Jan lfi 194 Mar 20
68,351 lOSWMn. 9 isawJon 2 7
2,670 9 1 Feu 8 100*Jun 20
»3 170 Jan 10 170 5lar 21
8,375
7 * Jan 7 23WMar 27
2,000 3 6 * Jan 3 56*M ar 27
20,240 42 * Jan 4 «3*A p r 10
1,276 94 May 10 'OJWJllu 28
1 0 * Mar 38 1 0 * Jan 20
400 40 Apr 13 45 Apr 38
7 Feb «
9 Jan 0

ISO
35,835
348,335
1,480
83,115
14,315
....
743,992

9 JO 5 * May 11
2,404 46 May 10
1,430 1 7 * May 10
720 * 2 * Jan 0
* 7 * Jan 27
10,750 106* Jan 3
5,845 157 Jan 7
13,025 18 * Jan 7
18,013 0K*Jan 11
700 16 MarlO
100
3 Apr 11
300
7 * Jan 20
1,105 1 2 * May 5
3,500 34 Apr 10
645 10*May 8
36 Mar 28
12C 70 Jan 7
700 17 Jan 4
115

27
185 l ^ real Northern, pref___
. . . . . . "Jfr’nB.A W.,d*t>t c£a.**A’

8,558 i42*Jan 6
. . . . . . 49 * Jan 5
85
110
1,141 66 May h
7,657 l!3 * M a y 8
UM
1 0 * Mar 7
010 42 * Jan 3
812
7 * Jan 13
2,750
7 Mar 15
20 (
3 May 9
15 Mar 8

*34
3 8 * FTocking YaJtey...........
57
60
11 4 * 11 5 * ■ umou C v u i m .................
UW 12 * low * Central.....................
45
45
Do
pref.
• to * iaw I T anawha A Michigan ..
aw IV an. Ctty I'ltla. * Gulf..
*3
< Keokuk A Dos Molnea... ..
17
•16
Do
prof.
•35
50
•17
795 15 Jan lfl
n w [ ake Erie A Western.. . .
pref.
8.570 00 Jan 10
07W 87 W D Do
•19h
(a*ke ^h. A ilich. Sooth...
760
•70
76 Long IiUnd........
70
600 5 6 * Jan 5
06
85W 6 0 * LonisrUJoA Nashrille.,.. 60,130 68 Mar 0
n * w 110 118* \ f i-vnhattau Bier.,consol 104,5:16 97 Jan i
22 4 , 2 1 6 * 2 3 5 * •’ * etrripollUui stroet....... 48,718 187* Jan 11
! f * 14* Met. West 81de Bl. (Chic, i
225
86*
57*
115*
law
46
ia
l«W
4
18
50
17
63

18*
S4,

13* 15
4
3W

1«W
58W
•100
95*
95
SO
29
iaw na.W
34H 3 3 *
43*
484,
48
•40
195 *103
134
131*
14
13
00
*60
34
30

a ts »sisw 212 1214 •it’d’ 814* *209 '
2 3 * 25
14W 2 5 *
2«W 2 5 *
aiW
18 * 1 9 *
iy*
law 19*
19a 1 9 *
83
88*
66*
•AW 67
»*w
4
9
*
47*
49* 51*
4*T4 5 0 *
iaw
70W 77 * X7A* 7 7 *
77
77
78
*85*
*37
44
•37
44
45
*37
69
'67
74
•67
74
•07
40
'37
♦38
•87
36
•SO
* 8 * 137
*83
87
•83
88
*55
64
*57
as
•55
•57
85

Mexican CentraL.
,
Mexican Nat l tr. reels...

(G-ives

7
6

1 7 * Apr 27
4*A pr 28

.
2,569
5«W Minneapolis A SL
Do
1st prof.
40
96
410
IV
2d pref.
29 Aina. 8L P. A 8. 3. Marie
910
1 2 * 1Mo. Kxuiam A T * ia * .........
1,080
Do
pref. 14,030
31*
76,836
45W Missouri Pacific,
43 Mobile A Ohio.......... .
1,300
185 Morris A Bssox.,...............
138* \J Y. CenLral A Hudson.. 39,800
13 ks N. Y. Chic. A 8L Louis.
900
70
Do
1st prof.
100
30*
Do
2d pref.
270
New York A Harlem. . . . . .
N Y, Lack. A Western ..,
au
N. Y. New 11aTen A Hart
880
3-4* N. Y. OntaDo A Western.. 39,030
3,406
19 * Norfolk A Westeru. . . . . . .
63
Do
prof. 90,185
5 0 * Nor. Pac. By., rot. tr. ctfs. 76,085
Do
pref. 26,471
77 W
4 4 ( \ t . R ILA N. Co,voL tr. ofa.
74 y j Do pref., Tot. tr. ctfs
100
44
200
97
25
64
Do 3d oref.

3 5 * Jan
9 7 * Jan
7 3 * Jan
8 * Jan
U *M »y
31 * May
4 1 *M ay
88 Jan

6
9
7
24
10
9
9
3

l2l*J an 3
1 2 * May 9
05 Mar 7
30 M a y i2
13H0 Jan 85

82*Apr 28|
101 May 1
98 May 0
3 l*M ay 6
14*Jnn 80
42*Apr 3
Q2*Apr 4
49*Apr 17
1183 May 4
144*Mar 29
1 9 * Jan 23
79 Jan 23
41 Jan 23
1390 Mar i i

1198 Jan 19
1 8 * Jan 3
17*M *r 17
6I*Jan 6
4 2 * . Jon 7
76*J«m 7
10 Apr 27
09 May 9
3.H May J1
8 4 * Apr 18
0 2 * Mar 22

1222 Apr 20!
28 * Mar 27
2 2 * Apr 27
71 *Fob 2
53*Feb 10
81*Jan 28
52 Jun 23
7 0 * Jan 93
51 Jau 28
90 Feb 2C
0 7 * Feb 21

j Bid. , Aak. ' 1 Stre e t R a ilw a y * .
Chrlst’p 'r * 10th 8t-»too«
Co!A 9th Ave 5
Stock
Dry D n B A Bat—Stock.
lit coon 7s 1900.. .JAJ
I*tgnid 5* 1932...JAD
B way 4k 'tli A W -S to c k .
lit mor 3« 1664.. ,J AD
| Scrip 5s 1915........ FA A
Eighth Arena©—Stock...
tdm or 5a 1914.,.. JAJ
R a il w ay a.

S fK W YORK CITY.
B-eeek 9 t A Fui F-8toek

Gon 5a 1943— 8 m Stock

’way 3 a f let5egu. 1994. ♦ iu * ite * 43d A Or 8t Fer-8tock..
Id 5slnt ss rental.1905 10414 1051* 43d St Man A 8t N Ave.
1st mort 0s 1910. .MAS
Central Croeefeown—Stock 250 970
lit M «# 1993. ..MAN 11*7
2d income Os I915.J.AI
'* r . P I N * It B|t —Stock 155 Nom. i
F St - 8 t s 8tk
Consol ?• 1«03,
JAD $108 no
Metropolitan— S t* Stock

7

coxsBOtrrrvE

Bid. Ask.
175
170
Exch l 1st.
175 190
117 no
108W I04W
385
108
400 480
*7
85
117W 11H
90
98
Excb 1 1st.
Bxohl 1st.

paqes).—S 1 R

S tre e t R n llw a y * .
iNlntb Avonne—Stock---Second Avenue—Stock...
1st mort 5s 1909. .MAN
Consol. 5«, 1948... FA A
Sixth Avenue—Stock-----Sou Bouiev 5a 1945..JAJ
So Fer 1at 5s 1919.. A AO
Third Arenue—S te Stock
28th A 29th Sts 1at 5s,.’ 90
Twenty-Third 8b—Stock.
Deb 5s 1908............JAJ
Union Railway—Stock,,.
Union Ry 1st 5« * 2 . FA A

Bid.
170
195
10»
n»W
202
n i2
n io *
Ex chi
§114
390
106
190
3118

Ask.
180
200
no
ia«W
no
1 14
na*
1st.
116
401
108
200
110

L o w e s t.

B ig h s s i .

34 Jan
lOWAPf
2S*Mar
tl2*Jan
31 Oct
88 Oot
4 * N ot
35 Mar
25 Mar
02 May
72 Apr
44*Mar
83*Oct

,0WF«h
1»W »M
5S*Deo
72*D ec
68WDeo
79WD«o
9*Deo
78WDeo
34 Sep
7 8 * Sep
90*Jan
58 Dec
99 Dec

17*Mftr 26XIXW
85*Mar 135*Deo
49 Apr
102 Jan
°*F e b
( j ’ljMur
20 Apr
7 Feb
28 Apr
8 8 * Apr
140 Apr
!13*M ar
183 Jan
30 51ar
05 Mar
1148 Jan
4*Jan
aHWJan
25 Mar
7 7 * Mar
11*M ar
43 Nov
5 * J ’ne

86 J’ne
113*Feb
18 Ang
85 Dec
54 Dee
32 Not
U j ’lr
38*J*ly
1 2 0 * Deo
168*Deo
148*Dec
1 9 1 *N ot
114*Dec
94 Dec
170 Nor
9*M ar
87WAtl(t
■17WAn,
97 Dec
19*Jan
58*8ep
9 Dec

8
0*N or
8*D ec
17 43*Nov 5 0 * Deo
23 1 4*Nov 20 Doc
25
2 * NOV
8*F eb
30
12* Deo 25 Feb
30 93 Nor 114*Feb
4 149 Oot 159 Feb
27 10 Apr 2 l*D e c
27 40 Apr 71*D ec
3
H*Apr 2S*Deo
22
JMAkk
8*D ec
22
5 Apr
B^Aug
19 11 Apr 1 8 * Feb
24 2»WApr 43*Fob
3i* lBWApr 21*Feb
8 32 May 41-VDeo
1 40 Jan 72WDP0
12 10 Mar 1 8 * Nov
4
49 Not
115 Not 28 Mar
10 May
195 M arlS ♦122 J’ly 180 J’ne
01 *.I an 31 4 0 *J ’no SOWNot
sjJj’lj
7*Deo
29 Apr 27
0O*Apr 87
182 Jan 23 90 Apr 115V Dec
7*51 ar 1 l*D ec
13*Apr 28
5 1 * Feb 15 35 Apr 42*Deo
5*Oot
15 Mar 22
8 Dec
15 Apr 25*Deo
13 Jan 0
3 Jan
5 * J ’ne
5 * Fob 1
1 7 * Jan 20 15 May 18*J’n«
38 Jan 25
2 2 * Jan 27 i 12 Oct sawAn*
75 Jan 27 0B Oot 83 Ang
17 0 * Jau 215 Deo
85 Apr 4 40 'Jan 5 9 * Aug
69 Jau 27 44 Apr 8 5 * Dec
133* Apr 3 90 Oct. 1 2 0 * Jan
269 Mar 28 125*Mar 19 4 * Dec
10
May 5

f l ’ Jan
1 Jan

at foot of

B a n g s f o r p r s o ir
o u s y s a r (1 8 9 8 ).

8 * Jan
5 8 * Mar
25 Mar
1 1 * Apr
20 Mar
1 3 5 *Apr
179 Apr
2 5 * Apr
80 Apr
2 3 * Jan
5*A p r
14 Apr
10* Jail
42 Jan
2 9 * Jan
4 1 *Jan
80 Mar
32 May
02*May

25,120
1,650

•These are bid and asked prices; no sales on this day. i Lvss than 100 share*. t Kx div. and rjgbu. # Before paymant of

OUTSIDE SECURITIES

1899.

O n b a s is o f t a o - s h ’r e lo t s

4*J*ne

7 * Deo
1WM*J
118 Deo
24 Mar 3 8 * Dec
84 May 100 Deo
40 Mar 7 8 * Deo
6*Mar
7 Mar
10 Apr 14*Jan
28«M »r 41 Jan
22 Mar ■ifiWDao
•44 Hot 3 2 * Feb
iie7,WJ’>n £180 Deo
106 Alar 124*Deo
llWMar 15*Jan
73 Fob 76 Jan
28 Mar 4 0 * Jan
1320 Jan 1364 Oot
*128 Nov
1178* Jan 201 Dec
l3 «A p r 19*Dec
UMApr l»*D e o
42*Mar BSHDec
19 Feb 4 4 * Deo
SflWMnr 79U0.p
3 5 * Jan 01*Attg
6 5 * Mar 78 Nov
34*J'ne 48 * Sep
79 'Dec 91 J*h©
67 Not
• Sep
itD o o

T Ail assessments paid.

E E 1 R A I L W A Y S , &c.
Bid. Aak.
S tre e t H a llw a y * .
Westchest 1st 5s *48..JAJ 3110 114

BROOKLYN.
Allan. Ave., 1st 5a..AAO
Con 5s r 1931.......A&o
Inapt 5s g 1934.......JAJ
B. B. &W.E. 5s 1933. A AO
Brooklyn City—Stook. . . .
Consol 5» 1941.. , . , JAJ
BklynCrosstn 5s 1908. JAJ
BklnHsrtslsl 5s 1941AAO

{107
5 112

95
95
243
117
105
104

109
113
98
245
118

THE

914

C H R O N I 0 L E . - ‘- S T 0 0 K

M onday,
May 8.

Wednesday Thursday,
May 10. | May 11.

Tuesday,
May 8.

(2

pages)

P age 2.

[V ol. LXVI11.

B a n g s j or pre­
Sates Bangs fo r year 18 9 9 .
o f the On basisofioo-eK're lots vious year (1 898).
STOCKS.
Week,
Highest.
Lowest. Highest,
Lowest.
N. Y . S T O C K E X O H . Shares

B I0 0 K 8 — H IG H E S T A N D L O W E S T B A L E P B I O E 8 .
Saturday,
May 6.

PRICES

Friday,
May 12.

; Pennsylvania...................... 57,039 122*Jan 5 142 Jan 23 110*M ar 1
5,540 43 May 11 88 Jan 23 8 8 * Jan
Pittsb. Cln. Ohio. & St. L . .
500 80 F eb 10 93 Jan 23 57 Mar
Do
pref.
15*M ar
12,510
19*M ay 10 25 Jan 24
; T> eadlng, voting tr. c tfs ..
j X v 1st pref., vofc. tr otf8. 70,150 51 *Jan 7 «8 * A p r 4 30 Mar
2d pref., voting tr otfs.. 24,286 2 6 *J a n 7 88*M ar 22 1 7 * Oct
25 *Jan 4 4 8 * Feb 8 22 May
SOU
Rio Grande & W estern ....
570 06 Jan 3 79 Mar 17 50*M ar
•84*
Do
pref.
5*D ec
6 Jan 9
100
5 Jan 3
L J .A Q .I bI. vot.tr. cts.
58 45 Mar 23 55 Jan 7 45 Feb
Do
le t pref.
100 10 May 4 17*Jan 9 13 Dec
Do
2d pref.
6 Mar
5,6 i 5
8%Jan
14*F eb 1
St. L. A 8. F t., ro L tr. ctfs.
142 06 Jan
75 *Jan 6 52*M ar
Do
1st pref.
4 4 * Jan 81 2 2 *F eb
5,2 81 88 *Jan
Do
2d pref.
15 Apr 28
6*J an
5,235
St. Lonls Southwestern...
13* 13*
35 * A pr 1
Do
pref. 19,9s 5 17 Jan
82
83
55 Apr 21
200
30
Jan
St,
Paul
A
Duluth..............
4
8
*
•48
50
106 Jan 23
10 9 8 * Jan
Do
pref.
102* 102* «
44 Jan 31
Southern Pacific C o.......... 29,800 27 May
2 9 * 80*
14 Jan 16
Southern, voting tr. ctfs .. 20,455 10*Jan
11 *
12 *
55 Apr 22
Do pref., vot. tr. c tfs . 34,807 40 *Jan
51* 52*
25%Mar 1
19,510
17*Jan
exas
&
Paolflo..
.
.
.
.
.
19* 20*
24
i Feb 27
107
Jan
11
2,247
hlrd A venue (N. Y .),.
205 205
200' 211
20 Jan 21 29 Apr 4
Toledo
A
Ohio
Central....
•20
25
•40
25
42
Mar 22
35
Jan
25
Do
pref.
•40
50
•40
50
5,135 38 Jau 3 73 A pr X'
Twin City Rapid Transit..
71
71*
09* 70*
141 Feb 24
118 Jan
Do
pref
86,037 41 May
50 *F eb 21
FTnlon Pacific Ry . . . . . . .
4 1 * 4 3 * '4 2 * 'V
02,812 72%Jan 6 84 *Jan 23
1 3 * 4 3 * *4 1 “ "4
U
Do
...p r e f
70
7
75* 70*
7 4 * 7»
76*
78
8 * Jan 24
050
7%Jan 5
abash.
•
7
*
7*
7*
•7* J
8
7*
pref. 15,054 20%May 9 2 5 * A p r 5
]Do
20 * 21 * 21 2
20 * 2
8094 21 *
8,750
9%May 6 l l * M a y 9
W
heeling
&
L
.
H.,
new
...
10
*
1
10
*
10
*
10* l
1094 11*
1 0 0 5 8 *Jan 27 04 Jan 30
Do
1st pref.
58
59
1,873 28 *M a y 11 31*M ay
Do
2d pref.
28*
3 0 * SO
700
*Jan
3 * Jan
3 Feb 21
1 May 5
W
iscon.Central
tr.
ctfs
..
•1
1*
"i*
H X is c e lla i? ’ «s S t o c k * .
§119 Feb25
220
§108 Jan
dams
Express...............
1118
113
1
1
3
*
115
•112 115
3 9 * Apr XI
7,275 33*M ar
merican Cotton Oil. . . .
35* 35*
35
35*
3 5 * 30
95 May 9
703 88 *Jan
Do
pref.
X 91* 9 2 *
94* 94*
•94
95
180 33 Jan
52*M ar 3
American
District
T
e
l
.
.
.
.
40
40
•39
42
•40
45
Jan
21
§145
Jan 3
445
American
Express.
*140
143
1141 1 4 1 *
•140 143
4,240 23 May
37 *Jan 24
2 3 * 24 American Malting,
3 3 * 25
25
20 *
1,380 73 Apr
8 7 *J a n 26
Do
pref.
7
0
*
7
0
*
78
78
70
7
0
*
78
77
59 Apr 20
45
45 Amer.Smelting A Refining 21,701 39 May
44
45*
40
40*
44*
40
9,921 82 May
9 4 * A p r 20
Do
pref
8 5 * 87
87
80
85
82
84^
83
1 0 * May
6*J a n
0,980
15*M ar 13
American
Spirits
M
fg
....
12
11%
12%
12
12
11 *
11 * 12
1,915 32*M ay
4 l* M a r 13
10 Mar
Do
pref.
3 2 * 33
35
§32* s a * ♦33
3 2 * 33
19,020 27 May
41*M ay 3
American
Steel
H
o
o
p
.
.
.
.
.
2
9
*
33
3
7
*
3
4
*
28
3
2
*
3
8
*
35
8,295 72 May 12 83 *M a y 4
Do
pref.
72
70
7 4 * 70
7 6 * 79
80*
78
64
0 0 * Amar. Steel A W ire (new) 102,747 45 Feb 8 72 May 4
05* 67*
03* 07*
07*
03
61*
12,810 9 2 *F eb 8 10 6 * Mar 13
Do
pref.
9
0
*
9
7
*
9
8
*
9
7
*
97
98V
9
0
*
96*
98*
98
1 4 0 * 15 0 * American Sugar Refining. 417,370 123*Jan 4 182 Mar 20 107*M ar 14 0*A ug
1 4 5 * 1 5 5 * 1 4 3 * 1 5 1 * 1 4 7 * 152
151*157
1,155 110 Jan 16 123 Mar 20 103 Mar 110 Jan
Do
pref.
1 1 6 * 1 1 6 * 110 117 ♦110* 118 ♦110* 118
5110 110
l i e * ii7
205 §98 Jan 4 105 Apr 18 §88 Mar 98 *D eo
American T eleg.A Cable...
102 102
•101
103
*100
103
•100
104
•102 105* 102 * 102 *
41
4 2 * American Tin P la t e ......... 15*222 3 7 * F e b 18 5 2 * A p r 4
41* 43*
4 0 * 42
40
43*
39
44
44 * 4 or
Do
pref.
2,*85 80 *M a y 11 9 9 * F e b 8
87
87
8
0
*
8
7
*
8
7
*
88
88
88
88
'
90
9 0 * 9 0 ;.
97 103 American T obacco............ 1 02|72j< t97 May 12 2 2 9 * A p r 5 8 3 * Jan 153*Sep
2 0 1 * 2 1 3 tl0 3 1 0 7*
199 214
2 1 7*217 * 213*215
993 132 Jan 4 150 Mar
112*M ar 13 5 * Aug
Do
p re f.'
140 140 *140 147 1140* 140*
140 143
•143 140 ♦143 140
5 8 * 5 9 * Anaconda C o p p e r ......... 85,020 42 *M a r 22 70 Apr 20
5
7
*
00
5
5
*
5
8
*
53
5
8
*
54* 01*
58
01*
1,113
139
Jan
3
100
M
a
r
l?
1*00**Mar 1
B
ro
o
k
lyn
Union
Gas.......
142*142^
145 1 4 0 * 1 4 5* 1 4 5 * 143 147 1143 148
146 140
7*O ct
715
9 *M ay 9 1 7 * Jan 31
10 *
10 * D ru n sw . Dock& C.Im p’ t..
•9* 1 0 *
10 * 10*
9* 10
10
10
•10
11
02u
l*
J
a
n
17
*A pr
5%
Apr
21
olorado
Coal
A
L
Dev’t
2
*
2
*
•1&
2*
2*
2*
2*
9*
•1*
2*
2
pr
14
25
l* O c t
8
A
pr
21
Do
pref.
•2
4
*2*
4
JS*
6*
•5
9
•4
*5
0
40
48 Colorado Fuel A Iron ......... 19,525 3 0 * F e b 8 55 Apr 21 17 Mar
44
47*
45* 47*
44
48*
40* 48*
48* 49*
500 88 Jan
115 May 11 05 Aug
Do
pref.
• no i i 5
1 1 3 * 115
110 110 •105 110 ♦105 110
2,085
6 * F e b 15 18 A p r 19
4 * J ’ly
15
15 Col. A Hook. Coal A I r o n ..
14
10
10
16*
*15* 15* 1 4 * 1 4 * 14 1 4 * 184
24,065 172 May 2 223*M ar 11 104 Oct
Consolidated
Gas
(N.
Y
.)..
184
186
1
8
4
*
1
8
7
1
8
7
*
1
8
5
*
19
3
*
1
8
8
*
1
9
0
*
188 193
1,300 42 May. 12 5 0 * Jan 31 27*M ar
42
43 Consolidated Ice.................
4 2 * 4 4 * 1......... 4 3 *
42* 43*
44
44
44* 44*
125
8S
*A p r
90
A
pr
28
97 Mar 13
Do
pref.
'......... 92
§89
89 *......... 92
>........ 90
90
•89
92
52
54
5 1 * 5 8 * Continental T o b a c c o ....... 144,285 43 Mar 30 05% Apr 17
49 * 53*
48* 52*
51
55*
55
55*
24,350
9
8
*M
a
r
15
8
0
*
May
9
Do
pref.
83* 84*
81
84*
8 4 * 85
80* 85*
84
80*
87* 37*
900 03 Jan
85 May 12 45 Apr 67 Sep
8 4 * 85 Detroit City Gas................
84
84
29 Oct 52 Deo
75 Apr
0 1 * 6 3 * f e d e r a l S te e l................. 240,100 40%Feb
5 9 * 0 3 * *62* '04*
* 5 8 * ' 03!
59
04
“ 04“ 0 0 *
0 9 * O ct 85*Deo
93*A pr
pref. 03,495 7 8 * A p r
81
8 2 * X Do
80* 83*
81* 83*
7 9 * 82J
79
83*
88 * 84*
8,830 9 5 * Jan
122 A pr 17 70 Sep 97 Deo
117 1 1 8* 1 1 7 * 1 1 7 * General H le o t r io ..........
110*118
118 118* 1 1 7 * 1 1 9 * 114 119
0,906
06%Dec 72*Deo
0
2
*
Apr
7
0
*
Mar
20
Glucose
Sugar
R
efining...
X08
0
9
*
09
09
07
09*
0 7 * 09
09
70
70
70*
710 107 Feo 15 110 Jac 14 1 0 7 * D e c 109%Deo
Do
pref.
109 109 x l0 7 * 1 0 7 *
1 0 8 * 1 0 8 * 1 0 7 * 109
i l 0 9 * 109* '1 0 7 * 109
455
97
Jan
3
§
8 7 * J ’ne 9 0 %Dec
109*F
eb
1
H
.
B.
Claflln
C
o................
f.
107
107
1
0
0
*
1
0
0
*
107
107
107
107
•107
0 8 *J a n 23 48 Sep 07 Deo
nternational Paper....... 25,513 49 Apr
49 * 50*
50
51
49
51*
51
49
50
52
52*
3,310 90 Apr
95 Jan 5 85 Sep 95 Deo
Do
pref.
81
81*
81
82
81
81*
80
7 9 * 82
82*
0,230 10 May
86 Feb 27
1 5 * 15 * International Silver.........
13
14
10
11
12
10
11 * 12 *
220 45 Apr
6 3 * Feb 28 5 4 * D e c
•53
55 Knickerbocker Ice (Chic.)
5 3 * 5 8 * 153*
*53 * 55
•53
70 7 4 * Jan 25 84 Feb 17 81 Dec
•79 ........
Do
pref.
170
179
79
37*M ar
1,526
51
Mar
4
5 7 * Jan
T
aclede
Gas
(St.
L
ou
is).
53
5
3
*
03
53
5
5
2
*
5
2
*
•53
53 * 58*
11 90 Jan 26 101 May 2 85 Mar
•100 102 X i Do
pref
•98 102 ♦100 1
'100 102
•97 100
2 Aug
400
5 Jan 25 39 Apr 25
2 8 * 2 4 * Manhattan Beach C o.......
22
22 * •20
25
*20
•23
28
2,355 44 May
02 Jan 21 30%Aug
ational Blsoult
44
44
45
45
44
44*
44*
4 4 * 45
410 101 A pr 20 107*Jan 19 94%Aug 1
pref.
103 108
Do
103
•102 1 0 3* *101 1 0 3* •101
2,888 32 May 8 4 0 * Jan 20 26*M ar
3 2 * 33
8 2 * 3 2 * National Lead.......
32* 32*
32
32*
32
33
827 l l l * J a n 13 115 Jan 21 99 Apr
Do
pref
• 1 1 2 * 1 1 3 * •112* 11 3 * 112* 112* 1 1 2 * 1 1 2 * •112* 114 1112* 112*
8*D ec
140
4 Apr 24
8 * J a n 12
4U
4U
Nat. Linseed Oil, tr. certfs
3*N ov
120
4 * Mar 17
8 * May 4
National
Staroh..................
8
8
•0
8
8
♦0
’ 15* ’
*•0........
43 A p r 20 50 Mar 18 60 Mar
Do
1st pref.
•45
00
00
♦45
00
•45
•45
•50
0
•45
12 *O ct
13 Mar 17 23 Feb
Do
3d pref
•15
23
23
•15
23
•15
•15
•15
2
•15
41,310 41 A pr 7 03 Apr 24
4 a * 58
47*
5 1 * 5 3 * National 8 t e e l ...............
51* 53*
52* 5
58
5,240 87 May 10 95 Mar 28
Do
pref.
8 9 * •88
87
90
8 7 * 89
87*
89* 9
90*
125 3 7 * A p r 14 42 Jan 25 40 Oct
New Cent. Coal (new stock)
3 7 * 3 7 * 137
•37
87
•87
4
•88
1,415 112 Jan 3 204 Apr 27 14 Apr
N. Y. Air Brake..................
171 185
185 185
1 8 2 * 1 8 2 * 1 8 7 * 1 8 7 * 175 1
4 * Jan
0*J a u
1 2 * Apr 19
North American C o. . . . . . . 12,205
10 * 11 *
i 0 * 10*
U * 11 *
10* 11*
1 1 * 11 *
200 6 Mar 23 1 0 * Apr 27 3 * Jan
Ontario Silver................
•9
10*
•8
10
30,215 4 3 * Jan
55 Jan 30 21 Apr
[ T )aolfloM all.,
4 7 * 4 9 * *48** * 4 9 *
49* 50*
49
49*
49* 50*
153,211 109*Jan
-©
eopTsGaa-L.&C.(Chio.)
1 2 9*A pr 3 80*M ar
S XT
•
1 2 8 * 1 2 5 * 118 1 2 4 * 1 1 7 * 1 2 2 * 1 1 8 * 1 2 1 * 1 2 0 * 123
3,720 50*M ay
5 9 * A p r 13
Pressed Steel Car.............
52
54
51* 52*
5 2 * 58*
5 2 * 55
54
54*
1,222 81 May 9 90 Apr 13
Do
pref.
$ 8 3* 8 8 *
82
82
81
82
83
83
§33
83
1,836 156 Jan 30 104%Jan 4 x l3 2 Nov !
Pullman’s Palace Car,
100 100
158 158* 1 5 0 * 157* 150 1 5 0 * 158 158
tiver Bullion C ertifs.... 20,000 00 Apr 21 05 A pr 28 56 May
61 * 61*
•01
01 * •0l * ? 2 * •01* 02*
01* 01*
8,995 15*M ay 12 2 5 * Jan 16 1 9 *D ec
tandard Distil. ADlstrib.
17
18
18
-----1 7 * 18
17*
10* 17*
1 7 * 18*
1,3 L5 68 May lu 8 2 *J a n 10 00 *N ov
Do
pref.
08* 69*
08
0 9 * 70
0 8 * 108* 0 8 *
3,043
3 * Jan
8*J a n 3 12 Jan 10
8*
9
Standard Rope A Twine ..
9
8*
9
9
9*
8*
50
60*
i r Penn. Coal Iron A R R ... 53,005 36 Jan 14 08 A pr 18 17 Mar
57
00
57* 00*
00
01 *
111 Jan 4 145 Mar 28 §80 Aug :
X Do
pref.
3,365 80 Apr 7 45 Mar 28
nion Bag A P a p e r .......
3 0 * 81*1
31
30*
31*
3 0 * 82
32*
8,515 81 May 11 89 Mar 29
*Do
pref.
88
8 2 * 84
8 1 * 83
581* 81%
255 §50 May 10 00 Jan 12 38 Apr
United States E x p ress....
152
52
550
50
50
•50
53
•48
6,490
5*A pr
May 10
[ United States Leather—
8 Jan 23
0
0]
6*
0*i
6*
0*
0*
6*
18,375 68*M ay ' 78 Apr 4 53*M ar
6 9 * 71
j
Do
pref
08* 70*
69
09
71
14*Mar 4 8 * A u g
15,425 4 2% Jan 5 57 Apr
[ United States R ub ber....
49
50*
4 9 * 51*
50
49
50!
50%
1,998 111 Jan 3 120 Jan
60 Mar U 3 * D e o
114 115 5115 115
Do
pref.
115 115
115 115 •114 1
137 §125 Jan 10 §130 May 8 §112*M y §13l*D e
ells, Fargo A C o .
125 130 1180 130
' 1129* 130
■120 130 1128 1
9 5 * A u fl
estern
Union
' 91* 91*
91
9 0 * 91*
e
* Teleg’ h. 16,759 9Q*May 9 J 9 8 *J a n 24
91* 91*
90* «1 *
m *
SI
187
80
6«

52*
“

125*188
15
50*

S

S38

T

W

8i8

A

C

I

N

4*

S

11*

U

A*

S?*

W

•Bid and asked prices; no sales on this day.

O U T S ID E S E C U R IT IE S
S tre e t R a ilw a y * .
Bid.
B'kyn yn»Co.&8ub. 1st 5s. $110
84
Consol 5s not guar........
Btlyn Rap.Tran.—See 8to ck Bx.
OAl.Cem.Gr.&B’kynlstOs 112
Coney Island A Brooklyn. 270
1st 5s 1904............. J&J 102
5s certfs lndbtl910.J&J 101
B’ kC.&New 5s ’ 39.J&J $114
Gr.BU&New lst5s’ O0A&O 104
G’p't A Lorlmer St. 1st 0s. 108
Kings Co. Kiev at— Stock
3
Inoom es.... .....
8
w-ndi— St* 1 ;ook
List.

Ask.
112
List
id s
103
117
106
4

I Less than 100 shares,

(Q-iven

* Ex dlv. o f 100 p. o. in bonds.

at foot of

Bid.
Nassau Elec pref............ .
70
5s 1944....................A&O 110
1st 4s 1948................J&J 94
NewWmb’g&FllBtex.4*3 108
NY& Qua Co 5s 1940. A&O
Steinway lst0s 1922.J&J 115
OTHER CITIK8.
Balt Consol—Stock.........
Brldgep T r-lst5 s’23.J&J $106
99
Buffalo Street Ry—Stock.
1st consol 5s 1931. F&A 117
Deb 8s 1932 ........ M&N 112
Chloago City RR^-8tock.. 292
S tre e t R a ilw a y s .

7
Ask.

100

103
120
i 14
295

|)01d stock, t E x 100 p. o. stock dividend.

STREET R A IL W A Y S , &c

consecutive pages).—
S tre e t R a ilw a y s .

Citizens’ St(Ind’nap) — See
Cleveland City Ry............
Cleve City-lst5s ’ 09.J&J
Cleveland Electric Ry. . . .
Con 5 b 1913......... M&S
Columbus (Ohio)—8tock.
Con 5s 1932— See Phfla
Crosst’wn—1st 5s........
Consol Tract’n (N J)—See
Lake St (Chic)Elev-Stock
deb 5s 1928......... J&J
Louisv St Ry—5 p c bonds
Common... . . . . . . . . . .

Bid.
Phil.
90
105
92
105
76
List.
107*
Phtla.
13*
5 84*
119
45

Ask.
List.
100
107
95
107
7S
list.
14*
80
123
47

S tre e t R a ilw a y s .
Louisv 8t Ry—Preferred.
I y n n & B os-lst5s’ 24.J&D
Metrop W . S .(C hic).— See
New 4s 1938.........F&A
Minneap 8t R y-5s *19.J&J

Bid.
107
$113
St.Ex.

Ask
109
115
List.

5109* 1 1 0 *

21
22
93
91
North Chicago—Stook .. . 228 230
1st 5 b 1900-10........ J&J $105
No Shore Tr (Bost)-Com .
15
10
84
80
P referred.......................
$ Buyer pays accrued
inter est.
New com m on...............

May 13, 1899 ]

THE

BONDS.
S .Y . STOCK E X C H A N G E
W e e k E SD E ia M a y 12.

C H R O N I C L E .— BOND

Frie*
F riday
H ay 1 2 .
B id.

Week?*
Range or
L a st Sale*

"S s i
g c

^

Range
since
Ja n , 1.

A.tic. Low. High. Hb. 1mu>. High

915

PRICES (5 pages) P a g e 1.

BONDS.
S t:
Ko
N .Y . S T O C K E X C H A N G E S t
W e e s E n d in g M a y 12.

Price
F rida y ,
M ay 12.

Week’s
Range or
L a st Sale.

Range
since
Ja n , L

Pud, A sk. Low. H igh .
(J & U -(Conj—
R A A Dlv 1st con g 4a 1989 J - J 106% 107% 107% 107%
98 100%
97 D e o ‘98
2d con g 4 s . . . . . . . . . . 1989 J - .1
95% May’ 98
Craig Valley 1st g 5s. .1940 J - J
Warm Spr Val 1st g 5s. 1941 5 1 -S 100 102 101% A p r’ 99
Ellr L e x A B 8 gu g is.1902 M -S ♦102% 103 103 May’ 99
9f 87% 90% Chic A A lton sink fd 6».190* M-N 108 ....... 108 May* 99
784 99% 103%
104 Feb.’ 9t>
Lou. A M o R lv 1st 7a..l000 F - A
106% Feb.‘ 99
100 102%!
2d 7 s . . . . . ................... 1900 M-N
78
85%
Miss Itiv B 1st sf g 65..1912 A -O
83
83% j Chic Burl A Nor. See C B A Q.
115% Apr ’ 99
Cblc Burl A Q -C o n 7 s..l9 0 3 J - J l l f i * .
105 M ar’ 99
108 n o
Sinking fund 5a... . . . . . 1901 A -O
100% 102
Debenture 5 s .. . . . . . . . . 1913 M-N 110 110% 109% 110}
142% May’ 9
ConTertlble 5 s. . . . . . . . . 1903 M -S
Iowa Dlv sink fd 5 s ... 1919 A -O u e « ....... 118% May’ 99
4 s ......................, ,...1 9 1 9 A -O 105% . . . . 105% Apr ’99
118 118
103% May‘99
Deny D1t 4b ..................1922 F -A 108 105
Southwestern Dlv 4s.. 1921 M -N 100% . . . . . 100 Apr*'1''
Calc A Iowa Dlv 5 s . ...1905 F -A
Nebraska Kxten 4 a ..., 1927 M-N 109% Sale 109% 110%
120 120
97 May’ l l
Registered..................1927 M -N
131% May’ 99
119% 120%
Han- A St. Jos oon 8a,. 1911 M -8
105% 105%
Chic Bur A Nor 1st 5s. 1926 A -O ♦105% .
116% A p r ‘ 99
ChloAE 111—1st sf cur Be. 1907 J - D
S m a l l ................. .....1 9 0 7 J - O
134 Jan.*90
1st oon g 6 s . . . , ...........,1934 A - O 135
115
General con 1st 5 s ....1 9 3 7 M -N 115 Sale 114
103% Nov'98
Registered . . . .. .....1 9 3 7 M -N
107 F e b ‘99
Ch to A lnd C R y 1at 5 s. 1936 J - J 109
Chicago A Erie. See Erie.
..
108% 112
Chic lnd A Louisville—
Loular N A A Ch lstfls..‘ 10
J 1 1 7 % ....... 116% Mar’ 99
Ohio lnd A L ref g 5 s .. 1947
J 103 107 106% 1C6%
...
lib
Refunding a 0 s. . . . . . . *1947
J 117% 116% 118
..
107V 111
h M A 8t P -ls t 7s 8 * R D *02 J - J 168 ........ 168 May*U9
Ch
..
93% 94
1st 7s £ gold R D ... .1902 J - J 168 ........
32% 32%
1 st lowa A D 7s............ 1899 J - J 168 ......... 166% Apr ’ 99
...... 168 May'90
10% 13%
l i t C A M 7 s / ............... 1903 J - J 188
Chic MU A Bt P oou7s.l905 J - J 168 . . . . . . 168 May'90
11*08% 1V2 ”
1st 1 A D Exien 7s . . . , 1908 J - J l« 6 . . . . . . 168% Apr *99
123 130%
1st Southwest Dlv 6s.l9 0 9 J - J 1 2 2 % ......... 120% Mar‘ 90
. . . . . 115% N ov‘ 98
103 100
1st La Crosse A D 3s. .1919 J - J H 7
89
89
l i t So Minn Dlv 6s. ...1 910 J - J 123% g*% 132% 123%
1st Hast A D Dlv 7 s... 1910 J - J 191H ......... 131 Apr’ Ov
......... 109% l >eo*08
5 s .............
1910 J - J I l l
Cblc A P M IHv 8a____1910 J - J 1 2 3 % ........ 128 May'09
80
Chic A P W 1st* 5s— 1921 J - J 1 2 3 % ........ 122% 133%
7& 108 113
Cblc A Mo Rlv D!t 5s. 1926 J - J 121* . . . . . . 12 •% A p r'99
. 1 1 7 % 117%
Mineral Point D ir 5a~1910 J - J 113 ......... 112% Apr.'09
112 Apr.’ W^
10 105% 108%
Cblc A L 8u Dlv g 3s. .1921 J - J 118
Wls A Minn I)! t * Os.. 1921 J - J l«3 % ........ 121 May'99
......
Terminal *old 6s..........1914 J - J •116 ........ 1 17% May'99
137% Jau-’W?
Fsx A Sou assu g 0 s. . . 1924 J - J
106% May'97
107% I I I
Contsink fund 5s........1916 J - J
118% 118%
Dak A G t S o g 5 S ......1 9 1 6 J - J
127%127%
. . . . 113% 113%
Gen gold 4s series A .. 1wsy J -J J *118
106% Feb.'Vr
128 128 !
Registered.. . . . . . . . . . 1BB9 O -J l
Gen gold 3%s series R.1939 J - J l
Registered . . . ....1 9 8 9
J!
1 0 t0 l% 1 0 5
181 Doc *98
MU A No 1st M L 8a.. 1910 J - 1)
1st co n s o l6 a ...,........1918 J - I) •185 ....... 126 Jan.‘ 00
. . . . . . . . . . . Caie A Northw—C on7s, 1915 G -K i**i4 a»io 144% 144%
1*7 109%
Gold 7 s.......... .............1 902 jr * l) 114% sale 114% U 4%
114 AprAlv
...............................
.....
<111
117%
Registered..........
. . . . 1 9 0 2..........
J -D p im
ISO Feb *90
. . . . ‘| u o% u o h ! Sinking fund 8a.. 1879-1929; A-1) .........120
117% O ct/9 8
Registered....... 1870-1929 A -O ...........
106% A pr'09
I " id s " i d s '
Sinking fund 5s. 1879-1929; A -O *106% .
105% M ar’ 99
!K; i w i i n o x
R egistered...„ 1879-1929 A -O
t* 10* l i t
glnklng fund deb 5s. ..1933 M-N ‘ 12 1 % ....... 121% Mny'90
119% Doc *98
RegU'.ered ................ 1933 M-N
103
35-year debenture 5 s.. 1909 — K 108*' Sale 108
100% Maar‘ 98
R egistered .................. 1900 M-N
113
30-year debenture 5s.. 1021 A -O 118 Sale 118
117% Feb.‘ 03
Registered..............1 9 2 1 A -O
10 91
93% I! Extension 4s. . . . 18 86- 1926 F -A
100
100
106% Fob *00
R e g istered .....1888-1926 F- A
95
46 I Gen gold 3%s. .............1987 M-N •
109 108% 108%
116% 119
108 Nov* 08
Etegdfteted..................1987
107% May’0!K
Kacan A L flap 1st 6s.. 1901
2 9 1 9 i % 100%
S e sM o a "M hm T stT k 19071F- A
108 OCL’98
()
Iowa Midland 1st8 s ... 1900
........
39
W inona A St Pet 3 d 7a l0 O 7 M-N
15 1 MU A Mad 1st 6 s .,...,1 9 0 5 M- N
117% F e b ’ 99
7%
111 Jau,'0«
Ott C F A 8t P 1st 6s.. 1909 .M-8 • iY i”
113 Apr *00
: North Illinois 1st Oa... 1« 10 M-f* • lU
130% May‘ 99
MU L B A W 1st* 5 » . . 1021 M-N u o h
105% Feb '07
Convertible deb 5 s .. 1007 F -A
. . . 100% 102
122
122
Ext A imp s f g 5a... 198V F -A 128
. . . 109% 119
Mich Dlv 1st gold 6s. 1024 J - J 14 8% .
138 D ec'98
142% Apr '90
... U «% 113%
Ashland Dlv 1st* 6s 1925 M - f 143% .
112 Apr.'Qh
30 113% 120%
Incom es.......... . . . . . . 1 9 1 1 M-N
20 U 2 % 118 'Chic Rock 1 A Pac 6 s ....1017 J - J *185 ....... 134% May'09
11 90% 102%
Registered . . , . , .,.,.1 0 1 7 J - J ‘ 18 3 % ....... 134% May'09
87% 99
1 General gold 4 s ... . . . . . 1988 J - J
110% 1272
100% Sftlo 109
107% A p r'09
114 115%
Registered..,. . . . ,...1 9 8 8 J - J
98% A p r’90
DesM A Ft I) 1st 4s-. 1006 J - J * 07
83
83
103% 104*
frflfc * 3* * .............
1905 J -J ‘ 82% 85
103% 107 ;
94% May'99
Extension 4 s ...... ..1 9 0 M
1 07
11 4 Apr.’09
...................
K e o k A D e sM 1st 5*.. 10«:< A -U *112
103 107% ChUJABtL. See A t T A B F.
105% 108%; Ohio St L A N O. See ill Cent- !
.................. Chic 8t L A Pitta. See Pa Co.
11
139%
141
120% 120% C h loS tP M A O oon 6# .1080 J -D 199 141
. 112% 125
Ch 8t P A Min 1st 6s .. 1018, M -h '134% 137% 184% 184%
140 M ar’ 99
107 110 %
Nor Wisconsin 1st 6 s ..1930 J - J
. . . U 2 112
8t P A 8 City 1st* 6s, 1019 A -O •130% ....... . 131% M ay‘99
. . . . ................
Chic Ter Transfer* is ..1947 ' - J
100% Bale
106 J 'n e ’97
Ch A West 1 1st • f g 61 . I 0101M -N
. . . . 103 105%
, 125 122 M ay'90
General gold 6s . . , , , , , . 1932 o - I )
Cblc A W estMlch Ry 5s. 192) - I)

kron A Chic J no. Se-eBAO.
See Sou Ry.,
AiabamaCent,
Alabama K id l i t *u * ... 1928 M- N

Low . H igh

105 107%
99 l01H !100M M ar'9e!
Albany A 3asq. See D i H .
101 101%
Allegheny Val. See Penn Co.
101% 104
A m Dock A I. See Can o f N J
88
S7%
88
108 110%
Ann A rbor l i t g 4*.*,.*.1995,sh JT;
104 107%
A tchT A 3 F e g e n g 4* .100£ A -O 101% Sale 10044 101 %
101 M ar’99
100% 100%
R egistered .............1991 A -O
S2 % Sale
81%
83
Adjustm ent* 4 * ..,.,.1 9 9 ; Novi
83 Feb.’ OV
Registered................. 1995 Sort
114% 115%
B qu iptrser A g 5s..»,190£]J - J!
•..*•104% 105
A il A v Bklrn Imp a 5 s .. 1034 J - J
..........1 1 0
Jan. 99
109% 113
Allan A Denv 1st g 5 t.. 105C!J - J 102 Bale jl0 2
102
126% 151%
Atlanta A Char. See Sou Ry.
Austin 4 N W . See So. Pae,
105 105%
T>at Creek A 9. SesMich Car
101% 103%
D a le A O 1ft fls Pkb* B r.'lP A - O 1 ......................118 May'99
100 105
Trust Co. ctfs, o f d e p .. . . . . . . . . ......................115 Nov'9i»;
F -A ..................... 115 Oct- 98
Gold 5s.......... .1885-1925
*105% 112%
C ouponsofL ,... . . . . . ............................................
•*•••Registered....... 1885-192? F -A ....................120 J*n.*99
120 128%
Speyer A Co. cert! o f dei •
**•••• ...,..* 1 1 9 % Mar *99
106% 108
Trust Co etf» o f d e p o sit..,-....
.........]•••**• ,
115% 116%
Oonsolgold 5 s . ........... 1888 F -A
I l8 % 8 e p .’ 98
. . . . . 110 " A n* 98
R egistered.. . . . . . . . . . 198K F -A
184 184
118% Oct.’ 98
J P M A Co ctfs o f dep-. . . . .
10 9% 1 1 5 %
Trust Co eertfs deposit.. - 105** Dee *98
Balt BTt 1stg 5»ln tgu .l9 9 f IM-N
107
W 7 a A P 1st g 5 s . .,.. 199C 1 - 0
Monon Rir 1 s tgu g 5s. 1919 F -A
111 Feb ’ 99
Can Ohio R ls t c *4% sl93€ * *
114% 116%
105 Aug'98:
A kA C J Is tln tg u g 5 a .1980 M-N
92 106%
105 NoV0*
Coupons o ff....................... j *. '•
104 118
107% J'ly ’98 f
Pitts A Con 1st* 4 s . ..1945 J - J
161% 169
108 M ar’991
B A O B W 1st *u g 4%*. 1990UI - J
94 Jan.*99
0 A O 8 W R jc o n * 4 % s 1998; J - J
l i l i n c * o sse r A ....2 0 4 3 ;
.................... 32% J*a,'99
12 Feb *99
60% 168%
Series B.................2 0 4 3 Dect
60 169
B A O S W T e rO o g u * 5s.’42 » - »
161 168%
Ohio A Mias lst0OO4». 1947 J - J
112 Jan.'99
123 A p r’99
S d o o o * o l7 s..........1 * 1 1 4 - 0 '
103 Mar '99
1st SprVBeld Dir 7s. 1905 M-N
i 18% 1*2*8%
1st general 5s„ ..,,.1 9 3 2 J f - D ...........
39 Fab *99
120 181
Beech Creek. S*#N Y C A H.
Bel A Car. See Illinois C a st
Boonev Bridge. See M K A T .
Sway A 7tb A t . See Met S Ry.
Btiyu R ap T r g 5s.......... 1945 A -O 1 110% Bale U 0
110%
Bklyn City 1storm 5s 1916-41 l - J ................... 117% A p r ‘99
BkiynQCo A Soon* u * 5« *41 t t - N i .........107
106% 106%
Bhlyn A Montaok. See L 1st
Bruns A West 1 st* 4s,. 1938 J - J . . . . . . . . . . . I...................
Buff N Y A Eno. See Brie.
Buff R A P gen * 5#........1937 M-e* ............... ... 110% A p r ’99
U 2% 118%
Debenture 6 s .. . . . . . . . 1947 J - J } . . . . . . 130
.....
......
108% 114%
Rocb A Puts 1st g 4 s ..1921 F -A .................... 127% M ar'v*
Consol 1st 6*............1992 1 -1 ) *136
......... 193 Jan,’9V
CIA Mah 1st *u g 5s. .1943 J - J *180 .........! 103 Apr*97
off A Southwest. See Erie.
Buff 6t M A S W is t g S e . 193?j F -A 105 galejtO O
105
Buff A Sasq 1st gold 5*~19l8iA -0| .................... . . . . .
......
R egistered,. . . . . . . . . . . . 1913 A - 0
................................
14 2 % 145
118
11 4 %
B u r C K A N lr t C * .........J - D 109
I0 9 % A p r r99
113
114
C o n l « t * c o U T g S . . . . U U !k-OS U 3H . . . . . . U7<4 U 7H
11 6
120
Registered.......... ...,1 9 3 4 [A -O j
.............. U 0% Feb ’ 9v
M A 8 t L 1st *u * 7 » 1927 J - D .............................
.....
C R I F A N w 1st g 5#.,'21 A- OI .................. 105 Jan.*99
1*06% i *10%
106% 109
f *n*d*8oath 1st 5<u..i»o** J -J j 110 111 n o
110
Kj 9 * 5 « ... . . . . . . . . . . . . . m 3 n -& n t
110% i n
12 1% 123
R e*lst«red_...... ......1 9 1 3 ) l - 8 i . . . . . . . . . . . . 106 Jaa,*97
OarbAShawn. See Ilia Cent
IC8 iV i%
Car Cent. See 5«ab A H m
117% *118*'
C *rtbM « * Ad. SwNYIJ A H.
o a iS r s H . s m b c k a n ,
91% Sale | 91%
91%
C o ilronch U f l i t , 4..1948 J -I )
100 100
C n t r .! OMo. Sm Bolt * O.
102% 100^
O m i B B A B o r a » - c o i i c s « '« :'i - > i i ' w
. . . . . . »e A p r 'w :
O w itof O .H r —U t*5t-l»4t•■F-A 4 U 8
........
K a.H t.ntd ................184* r -A f
O d d M U oM S ............... 194.* w-!4
98% Side
96%
97 !
KaeU tared.............„ » » 4 .’ M-N
1st pref income g 5s. ..1945 dct-i • 41
-19
42
42%:
2d pref Incom e* 5s... . 1945 rust-1 . . . . . . 14
14 Apr *90!
l!7 % 1 1 7 %
34 pref tncoms g 3*. 194i <%*-< * fl .......
6% M ay'99
M A N Dlv 1 s t* Ss,*.,194* J - J ..................
113 113
05 Dec *08!
06 J*ly ‘08
Mobile Dlv 1st * 3 * .,.. 194** J - J
189% 142
Mid Gs A AU Dtv 5 s .. 194 < J - J
H6% Sep *9«|
10O% May*vo
Gent o f N J—1st oon 7s, 180V 4- J 1 100% ,
117% 122**
l i t convertible 7 s ...,,ItK n Jd-N
109% May’ VD
Convertible dab 8s— 190> M-N
112% Mar’ 99;
General gold 5 s . . . . . . , l v w J - J
120 Bale 119% 120% f
131% 134%
Registered............... .1981 J-J ' 118
Hale 117
118 ’
Leo It W B C oon as 7s. 190 ^-M 103
132% 184%
100
> 9% ......... 100
30. .% ......... 09 Mar-09
104% 110%
5 s . . . ...........................19IVM -N . ICO1
105% 107%
Am Dock A Imp Co 5s 1921 / - J .........116% 114
Apr *901
N J Booth in i guar 8s, l a w jr - j
.......
98
98%
Cent Pacific—Ctfs dp A.18W* . .
108
83
85
108% M ar'99
gpeyer A Co ctfs BCD. 189W . ... 106
98% 98%
.. j 105
105
3peyer A C octfs d ep S.10O . . . . . 106
109H 114
Speyer A Co ctf FOUL 1901........ 108
! ’ l o i% Mar ’Vv
Ban Joaquin » r g 8 « .,-190i A -Q 109%
. 1 0 8 % Mar *90!
B p ejef 4 Co o t f * ............1 * , *.l . . . . . . M M l i P m i l l
186 141
Guarartsed * 5 s..........193V A -O .................. 120% Mar*09
184% 138
Speyer A Co enacts
.............. ........ .. ........ 122% Msy’99
140 140
L*ud grant gold 3«., 190' A -O . . . . . . . . . . . . 107 A p r‘ 00
Spey er A Co ctf 9 . . . . . . . . . . . .
131 180%
112 Apr *90
C A O O v v ert*
1918 J - j
03% 101
: 101
Jsn.*98
Hpeyer A Co c tf• .. — ... . . I
Wenr*m P aoICc * 8 s ..l8 9 V J - J 106
....... 104% A p r‘90
Bpeyer * Co ctfa........................ 1 .................
No of Cal 1sttru * 6 s ..1 9 0 ' J J; .................. .........................
C o u p o n s o ff. . . . . . . . . . . . 1 0 2 1 .........
Guaranteed gold 5 s .l9 3 t A- «) ........ . . . .
119 OCfc.’97
109% D ec*98 ........................... On H A D con • f 7 « , ,1905 A -O
eries.4kM v t i t * 7 a ..1936 j ■ 1 . . . . .
,JR R
103% OcL‘97
. . . . ................ .
2d gold 4%*.................. 1937 J - J
as A O—« . 6s ser. A ... 1908 A-^1 *117% 120
i' 17 " Aprv00 ... . 116% 119%
113 May’ 99
C to D A l i s t g o * 5 s.. 1941 M-N •112
Gold 6 f ..............
.1911 A-05 *........ 123% 116% Mar’ 99
. . . . 113% 121% 0 1 8t L A C. See CCC A 8tL .
lit. oo n * 5
s
.
939 >!-N 119 Sale
118119%
52 117% 121
O n S A C . See C C C A 8t L.
Registered.......... .....1 9 8 9 M -N ...................... iU 8 % M * r ’ 09 . . . . 118% U 8% City A 8 Ry Balt 1si g 5*. 1022 .1 - ]>
-----,1090991 M
® -8
1—
™
H,
Gen gold 4 % s . , . „ . . .,.1
94%
ws%
94% 153 90% 06% j Oimrfleld A Main Set BRAP.
R e g i s t e r . . m . . . . . . . 1 9 9 2 M -8 1
02% Jan,*2 9 ’ . . . . 92% 02% MG’ Ak A C e c A 2d a Rs .1080 i F- A
* B e price Friday; these are latest bid and asked this week, t Due July, t Due Nov. I Due June. iD u e Jan, i Bonds due Map. a These are op tion sole.

..

115%

loT*

*

1*3%163%
20% 12X

1*6 1»6

106%106^

11

111 HI

iV6*‘ 143%

2%

100 101

12*6%128**

S

04

OUTSIDE SECURITIES (G iv en at foot of 7 consecutive pages ).— Q A S

Bid,
•Street R a i l w a y s ,
Frov A P aw t'ck-lsths '33 1108
74
Rlcbrn RyABlec-1 ft5 s'2 0
23
Rochester Ry .
95
D , b « . m i . .....M A S
hi
............. JAD
2d 5f
Con :5s 1930.......... A t o 107
72
80 8t-i*
iC bic;—Btrrfif
91
Un'6 TrABlecf ProT)-3’ «
1st Ss 1933
, .MAH 1116
W«wt Chivmtr. s t . . , , . . . . . . 103
OCU 1 9 3 6 ............. MAN 1 97%
so
WorcMtar (MassiTr-Oom
.................. .
104%

Ask. |
llu
80

U a « h s c s r l t le s .

NEW fO R K .
Central Union Gar—
1st 5s ...
.............
U5
Con Q u (N T )—a to o ,—ft
1IS
Deb 5s 1908..........MAN
79
Eqult Gas..........................
93
1st. 0s 1800............FAA
1 16
Con. 5* 1989.......... M M
104
Mutual Gas,.......................
07% N. Amsterdam Gas. Com.
P rof..................................
23
105%'
l*t donsol 5m..................

101

|

Bid.

Ask,

(* a * S e c u r i t i e s .
N Y Gas, El H eat A Pow..
Gold 5s (when issued)..
N Y A East River rlas—
let 5s 1044...............JAJ
4100
Consol 5a 1945.......JAJ
Y 8t*
106 110
Nor On 1st 6s 1927..MAN
lid
118
Standard IGas—Common.
4101 102%
Do p r e f e r r e d ..,.,,,..,,.
116
1st 5# 1980...........MAN
4116
800 315
BROOKLYN.
85% 36
Brooklyn UnGas—N Y 8t
65
61
1st Oon 5s—N Y Stock
#108 104
Williamsburg Gas—1st 6s

Bid.
'8 » H
113
109
94
125
146
110H

Ask.
92*'
115
111
W6
130
152
117

ock E xoh
Kxoh.
4100

S E C U R I T IE S
G a n 6 e c u r U i«i»

,

dbc.
Bid.

OTH ER CITIES.
Baltimore ConsoUdat—8 e e Bail. L tr

8H

Boston Uni ted Gas Bonds- -Bos to
BuITa Io City Gas—
1 »%
89%
Chicago Gas—5e« N Y 8to Ok Bx
Cicero Gas Co 1st 6s . . . . . . 103
Cincinnati Gas A.C oke,.. 208
4And interest t Price nwr fh

3%

oLlst

!8%
90%

oh.
109
212
are

916
BONDS.

THE CHRONICLE.- HON'D PRICES (5 pages)

II

B.T.BTOCJK E X O H A N G 1=
W bjsk E ndlnc M a y 12.
>51?

Price

Friday,
May 12.

Bid.
00*
01 A Cm 1st B s t r r e c ...l» 1 7 J - J
04
0 0 0 A St lr—G en s *«.. 1998 J - D
OsOro Dir 1st gold Is, .183# J - J
Bt L°D!r l .t o o l trg 4..100O M-N 101
llok’ lsterod..............1 8 8 0 M -N
BprACol Dtr ls t g « s .l 9 1 0 M -8
i f f T l l DIt 1st g 4s. 1840 J - J
Ota W A M D lT lB tg 4 s.l8 0 1 J - J
102
O ln lB t L A C ls t g 4S.1880
Registered ..............1 836
OdnFol 6s................... 1880
OinB A C lo o n l,t g 5 ,.1 9 2 8 J
Ind B1 A W 1st p f 7s.. 1800 J - J
0 tad A W 1st pf 5s... 1988 6 - JI
35
Poo A Boat 1st oon 4s. 1940 A -O
29
ta oom s 4 s... . . . . . ....1 9 9 0 A p r
0 1 0 0 A tad consol 7s.. 1914 J - D

Range

Week’s
Range or
Last Bale.

Ask. Lore High90 i
90*
91
94
94 *
Bale
9 1 * D ec’ 98
101
1 0 1* 100
99 May’99

*.

99 * 108*
99
99

87 Ang’ 98
9 0 * A p r'99
1 0 3* Mar*99

114 “ O ctV97

95
102

84
80
185}*

97
104

85
8C
135)*

103* 103*

43 8 2 * 8 8 *
33
84 23
1 135*135*
1 0 8 * 1 0 8*

8

128

69
70

70
29*

80
34

D

E

F

1 0 8 * 111
143 1 4 6 *
188“ 142“
117 1 1 8*

120*120*
115 1 1 7*
114*117*
151 153
90

02

105*109
100 1 0 2 *
10b* U 0 r

102* 109;

1 0 7 * 108

1 0 7 * 111

19 1 1 1 * 115
104*110*
115*123*
121 121
1 0 0* 1 0 0 *
1 4 2* 145*
189* 1 3 9 *
140 140
106 100
1 1 1 * 1 1 0*

173
'8 8

92*
08
71
107

95
93%
77
112

“ 95“ “ 99*
9 8 * 1 0 8*
120 122
121*124
1 0 0 * 1 0 0*
98

108*

1 2 0 * 124
20 1 0 0 * 1 0 5 *
28 100 100

*X o price F rida,; these are latest bid and asked tbla weak, t One August.

O U T S ID E S E C U R IT IE S
Q u a S een rl 1 »e*.
City Ga* . Norfolk V a )..,.
1st 6s ..........................
City H 4 L ( k storia) 5*.
Columbus (O) Gas—Block
1st 5s 1932..............JAJ
O om olld G a *(N J ) —Stck

1st 5s 19 b«..............JAJ
Oonsol Gas (Pitts)..........
P r o f....................................

Bid. Ask.
50
6
4101
04
i

..

100

i 105
22

83
42
59
114

107
25
85
42*
01

Bonds 5s........................
Consum Gas (J City)—8tk 100 ib o
1st 6s......................MAN 106 110
Detroit Gas—See N Y Exo h. list.

is

U

B ang,
tine*
Ja n. 1.

Ask. Low . High. Ho. Low. High

101 101
Fla Cen A Pen 1st g 5s. .1918 J - J •110 ......... 101 Mar’ 99
1st land gr ext gold 5s. 1930 J - J
Consol gold 5 s............. 1943 J - J
Ft 8 A V B Bge. See StLASF.
Fort StU DCo l s t g 4 * b1941 J - J
97*
84
8 5 * ' 55 83
94 Sale
Ft W A D C —l s t g 4-08.1921 J - D
60*
60*
5* 62
Ft W A R io Gr 1st g 3-4s.l928 J - J • 03 ......... 04
Fulton Kiev. See Kings Co El.
al Har A 8 A. See S P Co.
9 9 * 104
al H AH o f ’ 82 lat Ss.1913 A - O 103 1 0 3* 104 May’ 9 9
Ga A Ala Ry 1st pf g 58.1945 A - O 1 0 4 * . . . . . . 100 D e c ’98
lt>t col sol g 5 s ............1945 J - J t
i b o " id s
Ga Car A No lat gu g 5s. 1920 J - J 101 Sale 101— l o T
Georgia Pacific. See 80 Ry.
Grand Rap A Ind. See Pa Co.
a n A S t J . See C B A Q
ousatonic. See NYNHAH.
201 101}* 108},
H ock Val 1st con g 4% s.l999 J - J 1 0 2 * Bale 1 0 1 * 103
R e g iste ie d ...............,1 9 9 0 J - J
107
1 107 107
Col A HJV 1st ext g 4a. 1948 A -O 1 0 5 }* ....... 107
101
4 9 7 * 104*
101 102 101
H oust E A W T 1st g 58.1933
Hons A T ex Cen. See 80 P Co.
114
1 1 0 7 * 114
llinois Cent lat g 4 a ... 1951 J - J H I M ........ 114
1 1 2 * N ov’ 98
R eglatered.,.. ......1 9 5 1 J - J
107
A
p
r’
99
.
.
.
. 1 0 3* 1 0 7 *
la t gold 3 * a ..................1951
..................
1 0 8* 103*
1 0 2 * A p r.’ 9rRegistered..........,,,,1 9 5 1 J - J
....................
1st gold 3a ste rlin g .,., 1051
R e g i s t e r e d . 1951
, , , , , , 100 Apr *99 . . . . i 0 4 * 107
Coll Trust gold 4a....... 1952
104* 104*
1 0 4 * Jan.’ 99
Reglatered..................1952
1 0 5 * 1 0 5* 27 103 107
L N O A T ex gold 4s 1953
101
M
ar’
9
Registered. . . . . . . . . . . 1953
1 0 0 * 8ep.’ 9b
Coll tr 2-10 gold 4a .... 1904
Registered.................1904
108M ........ 108 A p r’ 99 . . . . i o i " i d s "
Western Line lB tg 4a. 1951
Reglatered ...., ,..,.1 6 5 1
•104* 104* 1 0 4 * 1 0 4 * ~137 98}* 105M
Louisville Div g 3 *8 .1953
Registered . . . . . . . . . . 1953
02
91
9 1 * 40 8’ i
* 91
92
Bt Lonls Div g 3 a ..,.. 1951
R egistered ................ 1951
04 104}*
Gold 8* s ................... 1051 J - J * .........l o i j * 1 0 4 * Apr ’99
1 0 3 * A p r ’ 99
R egistered ........ 1951 J
.................. .
....
Cairo Bridge gold 4s.. 1950
R eg istered ................ 1950
117 .......
Middle Div reg 5s.......1931
101 .........
. . . . ....................
Spring Div 1st g 3*8.1951
R egistered ................ 1951
128
128}* i ’S8}* “ 2 i a o " 128 }*
C h lo S tL A N O g 5s.. 1051
Registered ................ 1951
io d
.................... . 100 A p r ’ 99 . . . . ib o
Gold 3 * s ................... 1951
R egistered ............1951
104a 104)*
...................... 1 0 4 * Feb '99
Mem D l v l8 t g 4 s ....l9 5 1
R e g is te r e d ......... 1951
1 2 1 * ......... 121 Feb ’99 . . . . l'ai 121
Bellev A Car 1st 0 s .. . . 1923
...................... 9 4 * D e c’98
8t L 8ou ls t g u g 4 s .. .1931
90 Nov’ 98 . . . . ....................
• 03 .......
C&rb A 8 l s t g 4s........1933
I n d B l A W . See C C C A 8t L.
!°2 M 108M
105 ........ k 5 * A p r ’ 99
Ind Deo A W l s t g 5 s ....1935
104}* 108
Ind 111 A la 1st ref g 5s.. 1948
5 128 126
1 2 3 * Sale 123* 1 - 3 *
Int A Gt No 1st gold 08.1919
01
97
31
91
94
91
........
2d gold 5s.......................1909
60
68
61 May’ 99
......... 03
3d gold 4s...................... 1921
32 107 115
115
1 1 1 * Sale 113
Iowa Central 1st gold 5s. 1938
Iowa Midland. See Ch A N W.
Jefferson RR. See Brie.
a l A A G R . See L 8 AM S.
an A Mich. See Tol A O C.
K C A MRAB Istg u g 5 s.l9 2 9
75
0 5 * Sale
05}*
60}* 120 63
K C P A G 1st A col g 5a.l92
Kan C A Pac. See M K A i
Kansas Mid. See St L A 8 t
Kentucky Cent. See L A N .
Keok A Des M. See C R I A P
65
85
...................... 85
Mar’ 99
Kings Co El ser A 1st g 5s ’ 25
59
89
...................... 89 A p r’ 99
Ful El ls t g u g 5s ser A . ’ 29
Knoxville A Ohio. See 80 Ry.
4 116}* 121
120 1 2 1 * 120
120*
T ake.E rieA W ls t g 5 s . 1937
5 103H
109
109 Sale 109
-Ll 2d gold 5s..................1941
100 105
IG0 1 0 8 * 105 Mar’ 99
North Ohio 1st gu 5s. .1945
L S A M 8. See N Y Cent.
•102 1C3 104 Aug’ 98
Leh Val (Pa) o o llg S s .1997
id s )* i d ? "
1 0 7 * ......... 107 A p r ’ 99
L e h V N Y 1stg u g 4 * s .. 1940
R egistered ................ ,.1040
Leh V Ter Ry ls tg u g 5al941 A ..................... 1 1 3 * M ar’ 99 . . . .
Registered ....................1941 A 06
96
...................... 90 Feb ’ 99
L V Coal Co 1st gu g 5s.. 1933 J •
Registered........,,1933 J 91}*
98
.
.
98
Feb
’
99
Leh A N Y 1st gu g 4 i. ..1945
* 91 ........
Registered..................1 9 4 5
9 ......................
3 , , , ..............
El C A N l s t g 1st pf 08.1014
. . . . . . ••«••»
Gold guar 5s........... ,1914
3 ...................... l d i Sep.’ 97
Leh A Wllkesb. See Cent NJ.
Leroy A Caney Vai. See Mo P.
L ex A v A P F. See Met St Ry.
87
1 88
35*
35*
L R A M 1st g 5s 1937 Tr otfs
Long Dock. See Erie.
Long Isl’d—1st con g 5s. 1931
5*123 . . . . . 124 A p r’99 . . . . 120 124
1st con g 4s ....... .......... 1931
4 08 102
1.02
General gold 4 s . . . . . . . 1938
> *101 10' i * 101*
Ferry 1st gold 4* 3. . , . 1922 M - 0 100 ........ 1 0 0 * 100* 28 09 101
Gold 4s..........................1932
.«*•«• ••••••
Debenture gold 5s.......1034
3*95
........
100 100
S *100 ........ 100** Jan.’ 91
N Y A R B l s t g 5 s ....1 027
2d incom e.................1927
N Y B A M B con g 5s.. 1935
! : : : : : : : : : : : 107 Jan.’ 9£ . . . . 107 107
,,.... m ua
Bklyn A Mon l s t g 08.1911 M - a *115 ........
1st 5s.......................... 1911 M - 8*103 . . . . .
" " . . . . . . ••••••
> ................... 1 0 0 * Apr ’ 9£ . . . . 10U}* 100}*
Nor Shb ls tco n g g u 5s..’ 82
. . . . 1 1 H M ti
N Y B a y E x R ls t g u g 5 s ’ 43 r : J . . . . . . ........
•••••
J ....................
Montauk E x gu g 5 s ...1945
La A Mo Rlv. See Chi A Alt.
72
5 50
L K A St L Con on g 5s Tr oerts
59
59
. * ......... 01
0
10
8 ....................
9 Mar’ 99 . . . .
General gold 4 s ........1 9 4 3
Lou A Nash—Cece) Br 7sl907
S 107 ........ 100 Nov’ 9''
N O A M l s t g 0r ...*1930
J 130 ........ 1 8 1 * A p r ’ 91 . . . . 12994 i s l } *
9 117 12*
121
2 d g o ld 6 s ...................1930
J 1 1 9 }* ........ 121
117 Nov’ 96
E H A Nash ls t g 0s... 1919
4 U 7M i * i
121
General gold 0 s .......1 9 3 0
D 1 2 0 * Sale 1 2 0 *
S 108 ........ 107 A p r’ 9£ . . . . 1107 107
Pensacola div gold 0s. 1920
I 8 tL div 1st g fla.......... 1921
S .................... 1125 Deo’ 9*

I

130

63*
70*

Week’s
Range or
L a st Sale.

H

1 8 2 * N ov’ 98
1 0 8* F e b ’09
o K c o i V i s i
i :
107 Deo ’98
01
Lor A W h oon 1st 5s. 1938 A - O
iT A Marietta. Sm P » R £
180 F eb ’ 99
A Mahon Val g 5«..1938 J - J
Reglitered ............... I®33 QU‘ J
P levA P ittJ. See Penn Co.
0 5 * A p r’
001 MWl’d—l i t g 8-3-48.1947 J - J
7 4 * May’ 99
ls t g 4 * .m i ............. J - J
Ool A 9th Av. See Met 8t Ry.
Ooltun A Greeny. See So Ry.
O o lH V A T o l—Cong 58.1931
78 May’ 09
J P M A Co eng of* 985 pd.
8 0 * A p r’ 09
G .g. 6s., J P M CtfB Btpd...
Glen, lien g. 4b, do.......1990
Registered, do..........1990
Q olA C lnM d. See B A O .
Ool Conn A Term. See NAWj
Oonn A Pas Rtva lBt g 4b. ’ 43
ak A G t So. See CM AStP.
alias A Waco. SeeM KAT.
124 Nov’ 98
•el Lack A Western 7a.. 1907 M- 8 124 .
126 J’ ly ’ 98
8yr Bing A N Y 1st 7a. 1906 A - « 123 .
142 May’ 99
Morris A Essex 1 st 7 s .1914 M-N ’ 189* .
107 8ep.’ 08
7 « ...............
,1900 J - J
10 8 * May’ 99
7 »...................... 1871-1901 A -O T07 .
1 4 5 * May’ f "
1st con guar 7 s . . . . . . 1915 J - D ‘1 4 2* .
140 O ci/0 b
Registered....... ...1 915 J - D
142
142
« Y Lack A W 1 st 0 s ..1921 J - J i'37* ;
1 1 8 * A p r’ fi
Construction 5s.......1923 F - A
Term A Impt 4 s ..,,.1 9 2 3 M-N
108 A ug’ 08
Warren 2 d 7s................1900 A -O
140 Sep.’ 98
» e l A Hud ls tP a D lr 78.1917 M -8
143 May’ 97
Registered................. 1917 M -8
1 2 0* A p r’ 1""
Alb A S-ts 1st oon gu 7s 1900 A -O 1 8 0 * .
R e g iste re d ......,..,,1 9 0 0 A -O
115 May’ 99
Gold 0s...................... 1900 A -O
1 1 4 * A p r’ 90
R e g is te r e d ......... 1906 A -O
Rens A Sar lB t7 s....,.1 9 2 1 M-N
153 M ar'99
141 May’98
R egistered................1921 M-N
D e lR iv R R B g e . S eeP aR R .
8 7 * 100
92 Jan.’ l
Den Con Tr Co l s t g 5 s ..1988 A -O
Den Tram Co con g 08.1910 J - J
Met Ry Co 1st gu g Oa.1911 J - J
08n A R G r 1st gold7s. .1900 M-N 1 0 5 * ....... 1 0 5 * May’ 99
la tco n g 4s.............. ...1 9 3 6 J • J 1 0 2 * Bale 1 0 2 * 102*
1st con g 4 * s ...............1936 J - J 1 0 9 * 110 110 May’ 99
Improvement gold 5s. 1928 J - D *103 ....... 108* IC8*
D m M A Ft D. See C R A 1 P.
D m M A Minn. See Ch A N W.
Dm M Un Ry 1st g 5 s ... 1917 M- N *100
108 A p r’!
DetMATol. See L S A M So.
Bet A Mack 1st lien g is.1995 J - D
Gold 4 s ......................... 1995 J - D
Dul A Iron Range 1st 5s. 1937 A -O
R egistered ...,............1 937 A -O
2d lieu mortgage 6s. ..1916 J - J
Dul Red W A 8 l s t g 5s. 1928 J - J
9 2 * Feb.’ Qfi
Dnl So 8hore A A t g 5s. 1937 J - J
1 1 4 * 114*
ast o f Minn. SeeStPMAM.
a it T V a A G a . See.SoRy.
108
Elgin Jol A K ls t g 5b. . . 1041
110* A p r’99
Ells Lex A B 8. See C A O.
Elm Cort A No. See Leh ANY.
Brie 1st ext g 4 s . . . . . . , , .1947 M-N
117 A p r’ 99
3d ext gold 5s............... 1019 M -S
1 1 0 * Aug’ 98
8d ext gold 4 * s ...........1023 M -8
112 Nov’ 96
4th ext gold 5 s . . . . . . . . 1920 A -O
121 Jan.’
6th ext gold 4 s . .........1928 J -D
1 0 0* A p r’ 09
1st oonsol gold 7a.......1920 M- 8
14 8 * A p r’ 99
1stoonaolgold fd 7 s.. 1020 M -8
143 Dec *08
Long Dock con gold 0s. 1935 A -O 138
13 9 * A p r’ 99
Buff N Y A Erie lat 7a.l910 J -1) 140
140 F eb ’ 99
Butt A S W gold Os.. . . 1008 J - J
Jett RR 1st gu gold 58.1900 A-O) 104
100 F e b ’99
Chic A Brie 1st g 5 s .. .1082 M -N 114 Sale 113* 114
Coal A RR 1st o gu 0s. 1922 M-N
Dock A Imp 1st our 6s. 1913 J - J 117 .
N Y A Green L g u g 5s. 1940 M-N
109 Oct.’ 98
Brie 1st con g 4s pr bda.1996 J - J ” 9 3 * Bale
92*
93*
Registered................ 1000 J - J
93% Mar’ 99
lsteon g en lien g 4s— 1606 J - J
7 1 * Sale
71
72
Registered................. 1996 J - J
N Y 8 A W—lat ref 5a.l087 J - J 110
111
111
2d gold 4 * s ............... 1987 P -A
0 2 * Aug’9tt
General g 5a.............. 1040 F- A
01
9 7 * 98
Terminal la t g 5 s....1948 M-N
111 O0t.’ 98
Regis f5,000 each .1943 M-N
W llkAKaalatgug 5 b1042 J - D
107* 107*
MU RRofNJ l s t g 0al91O A -O 120* .
120 May’ 99
fisoa n A L S u p . See C A N W.
Emreka Bprlngs lat g 0s. 1038 P -A
05 Nov’ 97
« T A T H 1st con 0s.......1021 J - J
124 Apr
1st general gold 5 s ....1 9 4 2 A -O
108*
. 103* 108
Mt Vernon 1 st0 s........ 1923 A -O
■dull Co Br’cta 1s ig 6s.. 1030 A -U
E v A ln lln c o n gu g 0s.. 1920 J - J ’ ........... 102 *
Fargo A So. SeeC hM A S tP ..
lint A Pero M g 0a — 1020 A - O .........125
1 2 2 * A p r’ 99
lat oonaol gold 5 s .... 1939 M-N 102 108 103
103
104**
Pt Huron Dlv l s t g 5s. 1939 A - O 104* Sale 103

Bid.

[V ol. LXY1H.

G

....

103}* A p r’ 89 . . . .

Sale
30

K .Y . BTOGK E X C H A N G E
W e e k E n d in g M a y 12.

Low. S igh
7 0 * 91
8 7 * 98

2

Price
Friday.
May 12.

BONDS.

since
Jan 1.

P age

K

t o n e April, li ju e Jannary.

T Due October,

i a o a d .d a .J o U , a O ption sal*.

(G iv e n at foot of

G an S e c u r itie s .
B id.
Fort Wayne (Ind)—Sto ;k 82
list 0s 1925............. JAJ 102
Grand Rapids—Stock....... 100
Hartford (Ct) G a s L ...25
Indiana NatA 111Gas—Stk
1st 0s 1908 ........ MAN
Indianapolis Qas—8tock.
1st 0s 1920............MAN
Jersey City Gas L ig h t....
Laclede Gas—N Y Stock
1 Lafayette (Ind) Gas—Stk
1 1st 0s 1924............MAN

105
t 4.3

ABk.

81
105
103

107

60
58
74
71
102 106
02
59
208 212
Exch.
74
70
84
86

G aa S e c u r itie s .
Loganspt A Wab Val—Stk
1st 6s 1925 ............JAD
Madison (W is) Gas—Stck
1st 6s 1926............AAQ
Ohio A Indiana—S tock ...
1st 08 1926 .......... ‘.JAD
Peoples Gas A Coke—N Y
Philadelphia Co—See Bos
8t Joseph (M o ).................
5s 1937.................... JAJ
St Paul Gas—Stock..........
Consol 5s 1944 ....M A 8
Syracuse Gas—Stock.......

Bid.
50
70
70
£105
57
72
Stook
ton L
45
92}*
40
g 85
17

Ask.
55
74
74
108
60
75
Exch
1st.
40
95
48
67}*
19

G a s S e c u r itie s .
8vr’ seGas— Hit 5s *40.J AJ
Western Gas (M ilw ).........
5s—See N Y Stock Exch
T e le s . & T e le p h .
iinenc&n Dt«t Tele—NY
American Tel A Cab—NY
Central A South A m e r....
Ones A Poto Teleph—Stk
Bond 5s.................
Commercial Cable.,
lornmer Union Tel (N Y).
Empire A Bay State T e l..
gAnd Interest. tPrioe

Bid. Ask.
tfl
70
9 6 * 07}*
list.
Exch
Exch
112
79
100
180
118
77
75
par »b are
Stock
Stook
110
77
103
184

May 13, 18090

THE

P rice
Friday,
Hay 1 2 .

BONDS
H .Y .8 T O O * E X C H A N G E
W i n s E n d in g M a y 1 2 . 4; &;

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

Bid.

Week’s
Range or
L a st Sale.

Range
since
Jan, 1.

A sk. Lov>. S ig h . Wo. Low, S ig h .

917

PRICES (5 pages) P age 3.
P rice
F rid a y ,
May 12.

BONDS.
N . Y . ST O C K E X C H A N G E
W e e k E n d in g M a y 12.

F id .

A sk. Low . High. Wo. Low. S ig h ,

N Y Cent (Con.)
L oa A Nash (Con.)
Deb g 4s reg. ..1890-1905 J - D *104 . . . . . .
55
70 ................ .
St. Lonis Dir 2 d g 3 «..1080 M -S
Debt certs ext g 4 s. . . . 1905 M -N *102 . . . . . .
j107 Not ’ 98
Nash jt Dec l i t 7 s . ....1 9 0 0 J - J l ........... ..
.......
Registered. . . . . . . . . . . 1905 M -N *102
Slnkfd (3AA) g 6 e .,.. 1910 a - o ;
6 3 * s . . .......................... 1997 J - J 112 Sale
109*
106*109*
S A N A con gn a 5 s— 1936 F -A XOSM Sale lio S M
tO0w A p r’ da
Registered.. . . . . . . . . . 1997 J - J
107*110*
Sold 5a......................... 1937 M-N 107
Lake Shore col g 3 * s .l9 0 S F - A 1 0 1 * Sale
0 4 * 99*
98*
99*
Unified g 4«.. . . . . . . . . . . 1 9 4 0 j - j ; 9 3 * 99
Registered . . . . . . . . . . 199S F - A
Registered.................1940 j - j
Mich Cent coll g 3 * s .. 190S F - A 1 0 0 * Sale
9 S * 101
03*
Col tr 5-30 g 4s ....1 903 -19 A -O
98*
99
.
R egistered ................ 1008 F -A
11 2 * 113
111 113
Pens A Ati Iaiffng6a.l921 F -A U s
Harlem 1st 7 s............ .1900 M -N 1 0 3 * .
108 110
1C9 * Apr ’ 09
Coll trust g 5a.............1931 M-N Ili7 .
Registered.........
1900 M -N ♦103 .
108 108
108 Jan.'99
LAN AM AM lstg 4 * s . 1945 M -S
108*
108*
N J J n n o S g u 1st 4» .1086 F - A 103 .
106*109*
N Fla A 3 1st g a g 5s ..1937 F -A 108
04
9 5 * A p r'90
R e g is t e r e d ............ 1986 F - A
91
95*
Kentacky Cent g 4a ... 1087, J - J
L C t o A L e x g 4 * s ,...1 9 3 t M -N '
103 Jan.'08
W est Shore 1st 4a g n .2361 J - J ♦114 1 1 4*
Registered.................2361 J - J U 3 * Sale
L A J e tfB g e C o g a g 4a. 1945 3 1 -8
Beech Crk le t gn g 4s. 1036 J - J 110 ........
L H A 1 C . Sm C U L
109 Mar*9S
Registered................. 1936 J - J
Loala By Co 1st con g 5s. 1930 J - J
2d gu gold 5a............1938 J - J
ahon Co&L S ssL B A M S.
Registered.. .. . . . . . . 1 9 3 6 J - J
10 9 *
anhattan Ry con 4a. 1990) A - O 109 ....... 109
<8 95 U 2 *
118 131*
1 3 0*
Clearfield Bltnm Coal Corp
Metro pol Bl le t g da... 1908 J - J 1 3 0 * Sale ) 30
1st s tin t g a g 4s ser Al..’40
3d d a , . , . , . . , . . . . . . . . . 1809; M -N *100* 1 0 1* 1 0 0 * May *09
100* 102*
’40 J - J
Man S W Ooloaia g 5a. . , 1934 J - D
..................
Small bonds series B. . ’ 40 J - J
...... ......
Gout A Oswe l s t g a g 5 i . ’ 42 j - d
Market 8 tC Ry 1st g 8a. 1913! J - J
R W A O goon ls t e x t5 s .’ 22 A-O* 129 gale
MoK'pt i B V . S w P McKAY
Nor A Mont 1st gn g 5 s.’ 16 A - O
Metropolitan EL Sts Man Ry.
118*134
R W A O T R ls t g a g 5a. 18 M -N
133*
Met Bt Ry gen o tr g 5 a . 1907 F - A 133 133* 133
SwayA7 u i A t lateg 5 a 1943 J - D '1 3 3 * . . . . . . 123* 184
133 1 2 5 *
Oswe A R 2d g a g 5 s ..1915 F-AI
....................
Utica A Blk RIt gn g 4 s . ’ 32 J - J
R egistered ............... 1 9 4 3 J - D
ColA 9th A t 1st gng 5 a 1093 M -S 135 126 125 A p r'99
123*127
Moh A Mai la t g a g 4s. 1901 M - 8
Registered
1993 M- S
........ ......... .
Cart A Ad ls t g a g 4 s . 1981 J - D
Iiex A t A P F ls t g a g 5 t .’ 0 3 ,M -S 135 128 136 iIay-00
1124 126*1 N Y A P n t ls t o o n g n g 4 s .'0 3 A -O
.......
N Y A North 1st g 5 s.. 1927; A -O
134
Registered . . . . . . . . . . . . . . . . M -S
Lake Shore A Mich South—
68* 68*
Max Cent con gold 4 s ... 1911 J - J
6 9 * J u l *99
2 2 * Bale
l i t oon Income g 3 s ... 1939 J ’lyf
25*
Det Mon A ToJ 1st 7s 1906 F- A
21
33*
14*
Lake Shore con Ist7sl900 J - J
12* Sale
It
13*
3d con income g 3 e ....l » d i
R eg istered .........1900 q - . ii
Equip A eoll g 5s . . . . . -17 1 - 0
Mex Internet ls t c m sr 4a.*77 M- S
Consol 2d Vs.......... 1003 J - D 117 ...
88 Bale
8 8 * 19
3 4 * 88*
117 .........
Max Nat lat gold 6a.. ...1937; J - D
i
Begi4*«red..........1903 J - D
id Inc 6a A,Cp stmpd. 19I7i M-S4?
.
................
Gold 3 * s . . . .......1907 J - l >
H 2 * 112*
ll 14
14
R e g is te r e d ,.....,1 997 J - D
9d income gold 6s B ..1917 An.i;
Apr ‘99
CtnA 8 1st gL SAM 8 7s’ 01 A - O ..... . . . . . .
Mex North 1st gold 0 a ..1910 J - D
Tub "97
K A A G R lat g o 5s. 1938 J - J
Registered....... .
1910 J - D|
Mich Cent. 3*4 N Y Cent.
Mahon C’ l HR 1st 5s. 1934 J - J i s r ******
Mich Cent— 1st oon 7s 1902 M -S n o
M l d o f N J . Sss S T Sue A W
Sale
1st eon Se.................. 1902 >i-N •103
Mil Ki Ry A L80-yr g 5a. 1938 F -A
10 3*10 5*
1 0 3* Feb.‘99
M L S A W . 8*s Ohio A N W
6 s.......... ..................... 190V M- 8 130
Mll A Mad. 5*4 Chic A If W
5 s . . . . . ........
1931 >1-6 137
MU A North. S seC hM A S tB ,
R egistered.............1031 u-.>i
MU A St F. 8*4 Ch M A St P
4 s.....................
1040 J - j
Registered . . . . . . . . 1940 j - j
Min A St L gn. Sst E G R A N )
Minn A at L—1st g 7 a .. 199 J - D
Bet C A St ls tg a u 8 » ,‘ Sw j - i>
145 150
160 A p r‘99
1st cons gold 3a-.........'193* M- S
N Y Oble A 8 t L 1st« 4 s . 1037 A -O * 105* 107
110*115
11 3 * 118*
low aex 1st g o ld 7 a ... 1909 J - o 1*5
135 ' 125
Regis?‘ re d ................... 1937
o
*35 Jan."0w
South West ex lat g 7 * ,’ iQjJ - I) 193
127 137
S Y A«Jreenw Lake. 3<* Krie
1 * 7 Jan.'99
Pacific ex 1st cold 6 s .1931 A -O
•• . . . . . . . . . . . N Y A Liar. 3*4 N Y C A Hod.
1*8 D e c ’98
M A P 1st 5a at 4a tnt g n ..'36 J - J
.. .................. N Y Lack A W . 3*4 D L A W
MS8MAA la t e 4s tnt g a. *96 J - J
..I .................... H V L 1 S 4 W . 8*4 Erie.
M 3tPAddM eon g 4s int gn’ 38 J - J
•* . . . . . . . . . . . N Y A Man Boh. 3*4 Long la
Minn St Ry W tcoa g 3s. 1919 J - J
N Y A N R. 6 m N Y N S i H
Minn Ca. 3** at P M i M.
N Y N H A Hart ls tre « 4 s ‘ 03 J - D
Mo Kan A T ex—1st u 4*. 1990 J - 1> 9 4* Sale
C ourert deb cerra 1 1.000.. A - O *187 tSO
24
94*
i e i* 95*
8 6 * Sale
34 gold 4a................... 1900 r-A t
Small oertfs * 1 0 0 .............
68- * 163! 6 5 * 71
633 *
86 . . . ., 9 i * A p r‘90
82 ' 0 1 *
H oasatoalc R c j o g J i . 1937 M-N
lite x t e n gold 5a........1044 M-N
M K A T o f T la tru g 3 a .*4 ijM - H 36 Sale
86
90
N H A Derby oon 5s. ..1 0 1 8 _____
M-N
K C A Pac la tg 4 a ....l9 9 0 F- A
75
78
78U SS
H T i S ■ U t i .........I B O t l j . j 121
Dal A Wa lat ga g 5a. 1040 M- $
05 aJ W
115
as
l . t # .......................... la o s j - j
..7I ss
Boones Bd* Co g a g 7 a ..’ 06 H -S
.................. S T * HonK. S « S V O t l I I
Tebo A Neosho let 7a. 1903 J - r>
S t o . f f oon I t lg 3..I98V J - I , 1 0 7* Bale
Mo JC A 18 latgn g 3a...1043 A -O r I f S N ....... 104
1 0 4 * Sale
104
101S.1 0 8
Kofundlne l . i g « « ....i a a s
MoPao— 1st oon g 6a ..1930
U 7 * 118 1 1 7 *
l» » k la in
B «(U *8,000 o n l y „ . l » 8 i M-H
118
3d ? » , . .......................... IWM M- WI 114 . . . . . 114 * May*00
H i ll» !t S U l U
S M S r o .H
rra sta J a ...., ...........m ? M-at ' 98 . . . . .
• 1 * 1 0 0 * N Y * l i a 6es Long UL
09 May *99
N Y S A W . 344 &Tie.
Registered . . . . . . . . . . 1917! M -St1
latooll gold 5a...... ...1 9 3 mjy - \
92
38
0 8 * S Y Tex A M . 3*4 So Pac Co,
03
03
93*
Registered
.........1930 r - a
........ ......... North Illinois. 8 m Chi A NW
108 Apr ‘ 99
106 lO*'
North Ohio. 3*4 L Kr.e A W.
P m R o f Mo l a t e x ? 4 s .’ 3* F - a 108
3d extended cold 5a. 1938 i - J
111 * 115
Northern Pacific—
115 A p r/9 9
yard V 1 A w 1st * 5 s ..’36 M -s
.................
Gen 1st R R A L G s f g 6 f .‘31 J - J
Leroy AC V A L l* tg 5a *38 j . J
.............................................
Registered.1 08]
J -J
B tL A IM t l a t e x t g 4 * a ’ 4T F-A l 106 sale 106
10 5 * I " ) > : 8t P A N P gen g 8 * ... 1923 F -A 131 . . . . . .
106
3d e x tg fit,. . .... ...1 9 4 7 ,M-N 105 ....... 107* A p r‘99
106* 1 0 7*
Registered o tfs .. . . . .1928 O- V
Oenoonry A ldgrtgO e '31 A - o ! U O * Sale 110
’461 105 112
Prior Uen r A 1g g 4 s .. 1997
104” Sale ’
ill
Gen eon stamp*td « 5 « '8 1 ! A - O
110 111*
Registered
,...1 9 9 7
1 0 4 * gale
i l l * M ar‘ 99
Miss Rir Bdga. 3*4 Gh lc A A U
Genera] Hen g 3s.........2047 h
6 7 * Sale
Mob A Blrtn priorileng 5a*45 J - J
....... ...........
Registered . . . . . . . . . .8047
SmaO........... ...............
J-j
........
i Wash Cent 1st g * s.. . 10 4*
04*’ * 9 7 *
Income gold 4s............ 1945 J - J
........... .
Nor Pac Ter Oo 1st g 8s. 1083
e m a i l . . . . . . . . . . ..........
.....
.................... Nor Ry CaL Sm Cent Pac.
Mob A Ohio new gold G e ..*3 7 'j- D
135 130
Nor WIs. 3*4 O 8t P M A O.
180* 1 * 9 *
1st extension gold 6 e .1 9 8 7 io .ji
117 118* Nor A South 1st g 5 # ,... 1041 M-N
1 1 6 * A p r‘ 99
General gold i s . . . . . . . 19881M- W 87 Sale
6 2 * 88
Nor A West gen g 8 s ..,. 1981 M-N
96*
87*
MonSfom D ir 1stg 8 « . 19471P - A
108 1 0 8*
New H irer 1st g 8*. . . . l e a ; A -O 181 133
1 0 « * 108 May‘00
Bt L A Cairo gn g is ,. 1951 J - j
Im prrmt A ext g 8 s .. .1034 F -A 123
Monawk A Mai. 3*4 N T C A H j
C O A T Is gn g 5 a ... 1932 J - J 108
Monongaheia Kir. 3*4 B A O
ecto VAN B ls t gng4s. 198v M-N
M oot Cent- H** St P M A M.
N A W Ry ls tco n g 4s. 1996 A -O
9 4 * Sale
Montaak Ext. 3** Long Is. J
R s ^ -t e r e d ............1 0 9 * A -O
Morgan's JL* A T . 3** B T Co.
fitoaJi. . . . . . . . . . . . . . . . 1 9 9 * A -O
Morris A Xeaex.
Del LAW
; Nor A Mont. 3*4 N.Y.CenL
esh C h atA B tL le t 7 i .'l 3 J - J 133
1 3 3 * A p r ‘90
183 1S2* / | IndAW. Sm C C C A 8 t L
ix
3d 6#....... . . . . . . . 190l J - J
............. U h l o * Miss. 3*4 BAO 8 W
1 0 5 * N o y ‘ 97
1st oongoid fle ........1 9 * 8 , A - 0 106 Sale 1 0 5 *
10 5 * 1 0 b * Ohio R lrer RR 1st g &«., 1936 J - D
108
*a! 6e T A P b . . . ....... 1917-J - j
General gold 5 s . . , . , . . . 1937 A -O
1st 6a MeM M W 4 A I 1917 J - J
Dm A Bt L 1st g 4s.........1901 J - J
78 *
1st gold6a Jasper Onh, 1933 J - J
Ore A Cal. 8m 8 o Pac Co.
,i! 115 115
115 M ar ‘90
Swsh Flor A SMC. 3*4 L A N
O r e R y A N a r ls t s f g6«.190P J - J
131*
New H A D . 8** N T If H AIJI
Ore RR A Nae oon g * s ..i9 4 e J - D
V J J ane HR. 3** N T Cen?Ore Short Lln« 1st g 6s. 1922 F -A 1 8 1 * gale
N J Southern. 3** Cent N J
Utah A Nor 1st 7a.......19Q6 J - J
New a Cln Bdge. 3*4 PennCo
Gold 5 s . . . . . . , .......1926 J - J
N 0 4 N S prior lien g 6 s. IV ISA -O I . . . . . . . . . . . .
Q re Bh Ir—1st oon c 5s... 194 6 J - J 111 * Bale
....
•**
•
•
.........
S T B ! Man Bcb. 8** L L
j Non-onm Inc A 5*.......1946 Sep. 4 89 Sale
N Y Bay Sxten HE. 3**L L
! Non-cn Inc B A col tr., 1948 ' et.i 1......... 72
* Y Cent A H R - 1st 7a. 1903 ;J - J .........U 5 * 1 1 5 * 1 1 3*
2 114)
O rwego A Rome. 6 m N T
Registered — .* ....1 9 0 3 J - J
115 1 1 4 * A p r*90
U4J ■ 1 1 7 * 6 c F A St P. 344 C A N
Debenture 5 sof. 1S84-1904 M- R 10 7 * . . . . . . 1 0 8 * May 90 . . . .
, t07
J -D
Registered .. .1894-1904 M- H 107*
1 1 1 * 118)3 JL a o o f Missouri. 844 Mo Pac
1 1 8 * Jan.‘ 99
Reg deb 5* of . .. 1 h* * .1904 M -8 1C?
Panama I s t s fg 4 * a ....l 9 1 7 A -O 102* .
Debenture g i s . , 1990*1905 J -D 104 . . . . . . 103 May'99
* f •nbsldrg rts.. ,,.,.1 9 1 0 M -N I
105 105

M

SP*

1 0 4 * Feb.’ 99
105 A p rT00
1 0 4 * J’ ne’ 98
111* 112*
1 1 2 * A p r*99
1 0 1 * 10 1 *
100 A p r ’ 99
100*
101
99 A p r ’ 99
100 M ar’99
103
103
108 May* 97
1 1 4 * 11 4 *
1 1 3 * 118*
108 No t ‘ 93
105 J‘ne’98

95

J l y ’ 98

129 "

189*

113
107

t Dae Jaxu t D ae Jan.

y Due J ane. 4 Due May.

Ask.

urn*
50

(22

ibT'
116 M
O*
its
List.
186

B,d Ask. (| E l e c t r i c C o m p it iile s
Bid.
T e le g . A T e l r s h .
02
B a st JSnd E le ctric L ig h t.............
95
Boothern A A tla n tic......
West'n Union Teleg—N Y Stock Exch

10 7«

now
111*
90*
9S
98
0 7N
106

ii3 «
112 *
10 9 *
10 0 *
10 2

106*

31 i i o v 1 1 4 *
109?, 1 1 4 g

108*133

A p r ‘99
A ng’ 98

113

118

121 Apr.’ 98
1 0 7 * May‘ 99
106* F e b ‘ 90
117 May‘ 9 9
11 6 * Jan.’ 99
112* U12*
2r
•’ 90
III
1 0 8* D eo’ 07
131

Oct.'98

108
128
131V
123V
toevi
108

103
Feb.’ oS
J ’ne’ 98
Jan-’ Oe
Feb.‘ 08
Jan.’ 98

110

109
103

U 9*
103

05

110

106*
107
1C5* A pr *99

53 105* 108”
105* 105*

i 0 4 * Oct,’07
38 6 *
186*
184 A p r ‘ 00
18 6 * A n g’9h

178
178

191
184

1 3 0* A p r ‘09
i 1 4 * 115

180
114

130*
115

10 7 * 1C7'
104
104
101 * No t ’98

IC3

106

1C8
106

119*
117
131*
ISO

Apr ‘00
Oct *08
Dec *98
Sep.'9 8
104*
\om
(03
1 0 4*
66
67*

*

1 1 4 * 120

101* 104*
108 104*
00* 70

95
Apr *99

119

119

»02 J’ne'98
»8 0 * Feb ’ 90

180

180*

90

96

188 N o r ‘ 08
11 7 * A u g '0 8

01
100

Feb'97
100

04

95*

103

Jaxu‘ 98

9 0 * 101
88*

90

OU

,35

114 May'99
102* 103*
i 31
131*
121 M ar'00

110
I0 f«
128
181

111
103 V,
18*
121

t il*
88*
71

fir
80
71

108 U » k
88
8««
8S« UH

10 5*

105

81*

108

10 5*

*81*

May* 97

108

d E L E C T R IC , dc

E i e o t r l c Co-*
Bid.
Toronto (C ao.ti 1 l.t • o. 18»X
Ti.
>m
H
on
stW
e
ilcgOo*
%
8c- Hf:lt2d BJeCiAAP Co i ref
19
Berios A ....... . . .
Bond*.
} 98N
Ex
oh
Stock
103
E l e c t r i c C 'ern p a n lc*.
175 i
Allegheny Co Light O o.,. 106
Ut,
43
48 i
180
F e r r y C om p a n le e ,
ft
Br’ dgprt (Ct) El L t Co.25 t 41
45
Brooklyn Ferry-Stoolr ..
41
l 5
28
20
Consol Electric Storage.
10
Bonds 5 s ,............. .
25
M o B d lson E le ctric.
$ 97
00
Eddy Electric Mfg Co~25 t 1 3 * 16
67
Metropolitan Ferry—5s.. 108
Do p re fe rre d ......
93
1 90
N J 4 N Y F erry-S tock..
Edison El III Co NY—N Y Stock Exch
1st 5s 1948.......... ...TAJ ♦108
Edison El 111 Co Bfk—N Y Stock KiGh New H ar (Ct) Klee L i Co; 185
10 I! Rhode Island Klee Pro 2o.1 118H 125
Edison Ore Milling C o „ ..
per sb
lA od Interest, 1

K
lertctro
m
ns
Fo
Wa-P
yn
ne
enE
ieac'.IoCTora
..2
5 8
ic

108

108

1 Due N or. a These are option sales.

OUTSIDE SECURITIES (Given at foot of 7 consecutive pages).— TJUL,
T e l e g . Ar T *»lrph ,
BidTaiep.—NMj Boat
R i s k ] t s . , . . . . . . . . . . . . . . . . II 48
113
Ooid A Stock........
JBonds..,.. . . ...... . . . . 1 90
Hudson Rlrer Telephone 103
tnteraa?ton O c e a n ...,,,.,
Mexican Telegraph,.........
Mexican Telephone—.'•m Boet.
Mew fine Telep—Set Boet on list
North western Telwraph, 115
N T A N J T elephone.... 130
Se 1930............... ..MAN 113
75
Pacti?«A A tla n tic,..........

10 5

1 2 3 * Dec *98

K

• No price Friday! these are lateet bid and asked this week,

Range
since
Jan. 1.

Week's
Range or
L a st Sale.

8

Woonsocket (RTiMJCo..

Ask.
now

100
18

WVW

105
42
98
110

l 6
a re .

918
BONOS.

W .Y.ST O O K E X C H A N G E
W e e k E n d in g M a y 12.

THE CHRONICLE.—BOND PlilpES

If

Bid.

Range
since
Jan . 1.

Week’s
Banffe or
L a st Sale.

P rice

Friday,

May 12.

BONDS.

Ask. Low. High No. Low. High

Ptnn Co gu l s t g 4 * s . . . 1921 J - J •117 110
R e s t o r e d ..................1931 J - J
Q td 3 *sool trustreg.1937 M -9
F C C A 8t L o o n g u g 4* s —
Series A ......................1940 A -O 1 1 5 * ........
Series B gnar.............1942 A - O 1 1 5 * Sale
Series C guar.............1942 M-N
Berios D 4s guar........1945 M-N
A
Pitts CIn A S tL 1st 7s. 1900
Registered..................1900 F -A
Pitts Ft W A O 1st 78.1912 J - J
3d 7 s........................... 1912 J - J
3d 7s............................1912 A-Oi
C StL A P ls t o o n g Bs.1932 A -O
R egistered................ 1932 A -O
CJ*t A Pitts oon s t 7s.i9 0 0 M-N 1 0 4* .
Uen gu g 4 * s s e r ’ s A.1942 J -J 120
Series B................... 1942 A -O 118 .
E r le A P it tg u g 3 * s B.1940 J - J 100 .
Senes C...................... 1940 J - J 100
Gr HA I e x is t g u g **s.l9 4 1 J - J
AUegh V&l gen g u g 48.1942 M -8
N A C B dgegengug 4 * s .’ 45 J - J
Penn RR 1st real es g 4s.l933 M-N
Oon sterlingg 6s.........1905 J - J
Con currency 0s reg ...l9 0 5 Q*Mt
Con g 5s........................ 1910 M -8
Registered................. 1910
Gong 4s........................ 1943 Sfl-N
Cl A Mar 1st gu g 4 * s .l 935 M-N
O N J RR A Can gen 4s.l944 M -8
D R RKA Bge lstgu 4s g.’ Sft F -A
Sun A Lewis ls t g 4s.. 1930 J - J 108
Pensacola A At. See L A Nash
100
P to Dec A K ls tg 6 s tr rec.’ 20 J - J
94
07
Brans Dlv ls tg 0 s trr e c .’ 2O M -8
2d g 5s tr rec 1st pd.. 192(5 M-N
P to A East, See C C C A St I.
Peo A Pek U n lstg 6 s ... 1921 Q - F 126
100
2d g 4 * s ............. Feb., 1921 M-N
Pine Creek reg guards. .1982 - D
Pitts Cln A 8t L. See Penn Co.
P C C A St I*. See Penn Co.
Pitts Clev A T o lls tg 0 s ..l9 2 2 A -O
Pitts A Connellsv. See B A O.
Pitts Ft W A Ch. SeePenn Co.
Pitts June l s t g 0 s .........1922 J - J
Pitts A L Erie—2d g 5s .. 1928 A-OI
PittsMcK A Yo—lstgu08.'32
J
2d guar 0s.....................1931
J
McKee A B Y l s t g 0s. 1918
J
Pitts P A F 1st g 5s.......1916 J - J
Pitts8h A L E lB t g 5 s ..l9 4 D A -O
lstoon solgold 5s.......1943 J - J
Pitts A West l s t g 4 s ...1917 J - J
HO
J P M A Co oertfs...............
100
Pitts Y A A sh lstcon 5 sl9 2 7 . M-N
ending Co gen g 4s... 1997 J -J
8 7 * Sale
Registered..............Y997 J - J
Registered
Rensselaer A r ar. See D A H
Rich A Dan. 8 ee 8outh Ry.
Rio Gr West 1st g 4s---- 1939
.1
98 Bale
Utah Cant 1st gu g 4 s.l9 l7 A-OT 88
89
Rio Gr Juno 1st gu g 5s. 1930 J - D
Rio Gr 8o 1st g 3-4s.......1940
J
Roch A Pitts. Set B R A P.
Rome Wat, A Og See NY Cent,
alt Lake C ls t g si 6s. ’ 03-13 J - J
tJ o & G l lstg 2 -8 -4 s.. 1947 ' J 8 1 * Sale
S tL A AT H. See Illinois Cent.
Bt L A Cal. See Mob A Ohio.
Bt L A Iron Mount. Set M P.
Bt L K C A N. Set Wabash.
Bt L M Br. See T RR A o f S tl.
BtL A S F 2d g 08 Cl A ..1900 M-N 1 1 3 * 114
id gold 6s Class B........1906 M -N 1 1 8 * 114
3d gold 0s Class O........1900 M-N 1 1 3 * 114
1st g 6a Pieroe C A 0..1919 F -A
General gold 6 s ...........1931 J - J 1 2 4 * Sale
General gold 5s............ 1031 J - J 1 1 0 * Bale
1st trust gold 5s........... 1987 A - O
Ft 8 A V B Bdg ls tg 0 s .1910 A -O
Kansas Mid l s t g 4 s ... 1987 J - D
Bt L A 8 F RR g 4 s ... .1996 J - J
8 7 * Sale
Bouthw D1t 1st g 5a... 194' A -O
Bt L So. Set Illinois Cent,
Bt L 8 W l s t g 4s bdefa. 1989 M-N
9 3 * Bale
2d g 4s Inc bond o t fs .. 1989 J - J i
5 4 * Sale
Bt Paul City Cab. c g 5s. 1937 J - J 1 0 8 * .......
Guaranteed gold o s ... 1937 J - J
BtPaul A Duluth 1st 08.1031 F - A 120 124
2d 5s............................. 191 A -O 112 114
1st co g 4s.................. 1968 J - D 100 102
BI Paul M A M 2d 6 s .... 1909 A -O 120 * ......
Dakota ext gold 6s. ...1 9 1 0 M-N 1 2 2 * ......
1st consol gold 6s....... 1933 J - J •140 .......
R egistered................ 1938 J - J
Reduced to gold 4 * s 1983 J - J 1 1 9 * 120
Registered.............. 1933 J - J
seont E xt 1st gold 4s.. 1937 J - D '1 0 7 *
Registered..................1987 J -D
Minn Union 1st g 0s.. .1922 J - J
M ontC 1st gu g 0 s . . . .1937 J - J
R egistered................ 1987 J - J
1st guar gold 5s.......1937 J - J
Registered.................1937 J - J
EM lstd lv lstg5s.,.1908 A -O n o * .
Registered..............1908 A -O
Nor dlv 1st g 4s.........1948 A -O
Registered.............. 1948 A -O
Will A S F ls t g 5 s ....1 9 3 8 J - D
Registered................. 1938 J - D
8t P A Nor Pac. See Nor Pac
Bt P A B’x City. See O StP MAO
8 Fe Pres A Ph 1st g 5s.l042 M -S 1 0 0 * Sale
8 ▲ A A P. See So Pac. Co.
8 F A N P l s t s f g 5 s ...1919
-105 107
Bav F A W 1st con g 6s. 1934
127
l s t g 5s...........................1934
B doto Val A N B. Set Nor A W

.

K

S

Apr *99
115*
Nov’ 98
Dec *98
Apr *99
A p r’ 97
Mar*99
May'99

1 1 2* A p r’ 07
108

Apr *99

102

Nov’ 07

108

May’ 97

1 1 5 * Feb.*99

101 Mar’ 99
9 4 * May’ 99
20 Dec ’98
120
LOO
137

A p r’ 99
100
N ov’ 97

1 0 7 * Oct»’ 98
121

11

P rice
F rida y ,
May 12.
Bid.

Range
tine*
Jan. 1.

Week’s
Range or
L ast Sale.

Ask. Low. High. No. Lour.HigK

__

ms* lie

N ov’ 98

90 Oct.’ 98
113 Jan.’99
98 J’l y ’ 97
99*
99*
99*
09*
80*
87*
8 7 * M ar’ 99
97*
98
87*
88*
104 May’ 99
7 3 * A p r’ r ~

81*

N .Y . S T O C K E X C H A N G E
W e e k E n d in g M a y 12.

[V ol. LXVIII.

1 0 4 * Feb.’ 08
114* 1 1 7* Seab A Roa 1st 5 s.......... 1926 T - J
Car Cent 1st con g 4s. 1949 J - J
11 8 * 115*
Sea A B Bdge. See Bklyn HI.
8od Bay A So 1st g 5s. ..1924 J - J
25
So Car A G a 1st g 5 s .. ..1919 M -N 109 1 0 0 * 1 0 8 * 100
114* 116
114 1 1 6 * Southern Padflo C o Gal Har A S A l s t g 08.1910 F - A
114 A p r ’ 90
2d g 7 s.........................1905 J - D
110 F eb’ 99
Mex A Pac dlv l s t g 5 s .’ 31 M -N 1 0 2 * 8ale 1 0 2 * 102*
105* 107*
Hons A T O 1st W A N 7s.’ 03 J - J
112
112
1 3 8 *1 4 1
1st g 5s lnt g td .........1937 J - J
C o n g 0s lnt g t d ....... 1912 A -O
112 Mar *90
14 0 * 1 4 0 *
8 9 * S ale; 8 8 *
80*
Gen g 4s lnt gtd ....... 1921 A -O
120* Feb.’ 0n
Morgan’s La A T 1st g 0s. ’20 J - J
1st 7 s.......................... 1918 A - O
140 139 Jan.*99
N Y T A M exgu ls t g 4 s.’ 12 A - O
108 108
100
105 Mar’ 99
Ore A Cal 1st gtd g 5s. 1927 J - J
80*
8 2 * 114
. 82
8 A A A Pass 1st g n g 4 s.'43 J - J
T ex A N O 1st 7 s .........1905 F -A
110 Dec ’98
1 0 6 * N ov’97
Sabine dlv 1st g 0 s ..1912 M -S
106*
Con g 5s..................... 1943 J - J 105 ____ 105
S o P o f A rgu l s t g 6s.*09-10 J -J ! 11 3 * 8ale I 1 1 8 *
118*
8 P o f Cal l s t g 6 s .’ 05-12 A - O
122 A p r’ 99
1st con guar g 5s. .1937 M -N
1 0 2 * N ov’ 98
100* 107*
Stamped........1905-37 M N
100*
A A N W 1st g u g 58.1941 J - J 1 0 0 * Sale 100
8 P Coast 1st gu g 4s.. 1937 J - J
1 1 3 * N ov’ 98
S P a c o f N M ex 1st g B s .’ l l J - J
1 1 0* Sale 1 0 9 * 1 1 0* 273
South Ry—1st con g 5 s .. 1994 J - J
1 0 0* M ar’ 99
R egistered................. 1994 J - J
1 0 7 * Jan.’ 90
Mem Dlv l s t g 4 -4*-5sl090 J - J •110 113
R egistered .............. .1996 J - J
108* 108*
E Ten reor lien g 4-5s.l938 M - 8
R egistered............... .1038 M - 8
1 1 2 * A u g’ 97
99 101
A l a C e n R l s t g 0 s ....1 918 J - J
Atl A Ch A ir Line luo. 1900 A - O
9 3 * 97
117*' M ar’ 99
Col A Greenv 1st 5-0S.1910 J - J
H T V a A Ga 1st 7s... .1900 J - J ♦105* 1 0 5* 1 0 5 * May’ 99
120 120
Divisional g 5 s......... 1930 J - J 117 ........ 1 1 7 * A p r ’ 99
117
Con 1st g 5s...............1950 M -N *1 1 6 * 1 1 7 * 117
100 100
Ga Pac Ry 1st g 6 s . ... 1922 J - J •124 ___ 1 2 4 * May’ 99
K nox A Ohio 1st g 0s .1925 J - J •L24 120 125
125
.. . . 1*8 125 A p r’ 99
Rich A Dan con g 0s .1915 J - J
Equip sinx run dg 5s. 1909 M -S *101 ..... 100 M ar’ 99
Deb os stam ped.. . . . 1927 A -O *100
100 A p r ’ 99
Virginia Mid gen 5a .. .1930 M -N *11 3* 110 1 1 3 * May’ 99
110 D e o ’ 98
Gtd stamped.......... 1930 M -N
90 Feb.’99
W O A W 1st cy gu 4s.l924 F - A
120
120
W est N C 1st con g 08.1914 J - J
3 A N Ala. See L A N .
Spok FallsANor ls t g 08.1939 J - J
Stat Isl R y 1st gu g l * s .l 9 4 3 J - D
8unb A Lew—See Penn RR.
Syra Bing A N Y . See DLA W.
1 1 1 * D e c’ 98
98
9 9 * T e r A o f St L 1st g 4 * s . ’ 39 A - O
9 8 * 9 9 * J- 1st con gold 5S.1894-1944 F - A
St L M Bge Ter gu g 5s. 1930 A - O
103 Oct. w
8 5 * 9 0 * Terre Haute Elec Ry g 0 s .’ 14 Q-J*
8 7 * 8 7 * T ex A N O . See So Pao Co.
Tex&P Ry E dlv ls t g 08.1905 M - 8 •104 ....... 1 0 5 * May’ 99
1st gold 5 s.. ................2000 J - D lltt Sale 1 1 5 *
110* 10
27
91
08
53*
54*
2d goldin o. 5s, D e o ...2000 Mch.
3 4 * Sale
5 4 * 150
87* 88*
Bng trust Co c t f s .............
......... 5 4 * 537*
102* 104* Third A v 1st gold 5 s .. . . 1937 J - J 128 ....... 1 2 8 * May’ 99
72
7 3 * T o l& O C l s t g 5 s..........1035 J - J 100 Sale 100
107
W est’n d iv l s t g 5 s ....1935 A -O 103 105 102 D e o ’98
General gold 5s............1035 J - D
Kan A M 1st gu g 4 s ...1990 A - O
88
88
8 2 * .......
81
84
Tol Peo A W lstg o ld 4s.l917 J - J
83 A p r ’ 99
T S t L A K O l s t g 6 s t r .l»1 0 J - D 108 Sale 1 0 5 *
108
lster A Dol 1st og 5s. 1928 J - D 100 Sale
nion E lev. See Bklyn Elev
Un El (Ohio) 1st g 5 s...,1 9 4A5 -O 107 .......
Un Pac—B R A 1 g g 4s. 1947 J - J 1 0 6 * Sale 1 0 0 *
1 0 6* 287
4
1 1 2* 115
Registered.......... ........1947 J - J
100* 100 *
1 1 2 * 11 2 * U n lN J R R A C C o . SeePa.RU
1 1 2* 115
Utah Central. See Rio G W
Utah A North. See Ore 8 L.
122 1 2 4 * Utica & Black R. See NY Cent
107 1 1 0*
er Val Ind A W . See Mo P.
101 105*
irglnla Mid. See South Ry.
21
ab RR Co l s t g 5 s .. 1939 M -N
114
115
2d gold 5s............ 1939 F - A
9 9 * 23
90
88 *
Debenture series A .. . . 1939 J - J
103
Series B.......................1039 J - J
3 4 * Sale
857,4 454
34
ls t g 5s Det A Ch E xt. .1941 J - J
111 May’ 9* ...
8 4 * 97
StChasBridge ls tg 0 s . 1908 A -O
110 May’ 99 . . . .
4 0 * 57
Warren RR. See Del L A W
108 108* Wash OA W. See Southern
W estN Y A P a - l s t g 5 s . 1987 J - J *113
113
114
120 122*
Gen g 3-4s..................... 1948 A -O
64
63*
64*
113 115
Incom e 5 s ....A p ril, 1943 Nov.
2 2 * A p r ’99
100 100
W est No Car. See South Ry.
121 124* W estern Pac. See Cent Pac.
12 2 * 1 2 5* W Chic 8t40-yr ls t o u r 5 s .’ 28 M-N
1 3 8 * 140
40-year con g 5s.......... 1930 M -N
0 7 * .........
1 3 7 * 13 7 * West Shore. See N Y Cent.
112*119
W Va A Pitts. See B A O.
W Va Cent A P 1st g 08.1911 J - J
113 Jan.’ 99
1 0 1* 10 8 * Wheeling A L E 1st g 5s.l920 A - O 105
1 0 5 * A p r ’ 99
104 104
Trust Co certificates............
1 0 5 * A p r ’ 99
105
W heel Dlv 1st gold 5s. 1928 J - J
00 A p r ’ 99
95 100
134*134*
Exten A Im p gold 5s.. 1930 F - A
93
9 2 * M ar’ 98
88
W ilkes A East, See N Y 8 A W
I I S * 115 ‘ Wll A Sioux F. See St P M A M
Winona A St P. Set C A N W
1 1 0 * 1 1 3 * W is C e n tC o ls ttrg 5 s ..1937 J - J
34 N ov’ 97
Engraved trust certificates.
Sale
09
7 1 * 903
Income 5s..................... 1037 A-O*
8H
0
4*
4*

1 1 7 * May’ 99
1 1 3* Mar’ 90
102 Nov’ 98
114*
1 1 5*
113
107
105*
1 0 9*
141
1 4 0*

(5 pages) P ag e 4.

81*

U

1 1 2 * 112*
1 1 2 * May’ 99
1 1 2 * May’ 99
124
124*
1 1 0* 1 1 0*
101 A p r’ 99
105 Oct.’ 97
87
102

V
W

87*
102

92*
93*
53*
55
1 0 b* M ar’ 99
120 F e b ’ 99
1 1 3* A p r’ 99
100 May’ 99

* 121
*
*
122*
A p r’ 99

121
122

140
137*
119
10 6 *
108
104
1 2 2*
18 4 *
115
115

F e b ’ 99
119
M ar’ 98
May’ 99
Jan.’ 99
Jan.’ 96
M ar’99
A p r’ 97
F eb ’ 99

1 1 0 * A p r ’ 99

2

120

1 0 2 * 111
110 114
100*105
io 7 * ’ i i s "

112 118
8 7 * 90
130

189

97 105
7 7 * 80
102 1O0U
109*114*
112 128
106
90

109*
101

1 0 3 * 111
1 0 6* 1 0 6 *
107* 107*
100

109

117
L04*
114*
115
124
U0
123
100
100
110

117*
105*.
117*
119*
124*
a25
125
100
100
115

90
120

94
120*

111*114*.

105 100
109*116*
4 5 * 50
5 3 * 54*.
125* 128*
104 107
80
78
92
99

89
83
108
100*

102* 100*
104* 1 0 0 *

113
94

117*
100

33* 38*
105* H I
109* 112*
1 0 8* 114
54
65*
14* 24*

113 113
104 108
105* 1 0 5 *
98*

58
8

72
10*

A p r’99

GAS & ELECTRIC LIGH T BON
Atlanta G L Co 1st g 5s. 1947 J - D
Bos U Gas tr ctfs s f g 5s.. ’ 39 J - J
9 1 * Oct.’ 98
1 0 0 * 10 6 * 16
95 100* Bklyn U Gas 1st con g 5s.. ’ 45 M -N ■118* 118* 1 1 8 * 1 1 8*
110*119*
C h G L A C C o . See P G & C C o
1 0 0 * Oct.’ 97
Columbus Gas 1st g 5s.. 1032 J - J
1 0 4 * Oot,’ 97
Con Gas Co. S e e P G & C C o .
112 M ar’ 99
Detroit City Gas g 5 s .... 1923 J - J 101 Sale 100
53 9 5 * 1 0 2 *
101
—* Gas Co con l s t g 5s.. 1918 F - A
95 101
101 A p r ’ 99 . . . .
•No price Friday; latest bid and asked this week, t Due June. *Due July.
Due March, ir Due Jao. 4 Bonds due N ot. aThese are option sales.

OUTSIDE SECURITIES
F e r r y C o m p a n ie s .
Bid.
N Y A E R Ferry—Stock. 08
Bonds 5s o f 1932.MAN 4 98
49
1st 5s.............................. 110
05
N Y A 8 B Trans A Ferry
20
Bonds 5s o f 1906. MAN 4 87
10th A 23d Sts Ferry.......
59
1st mort 5s 1919...JAD 410
Union Ferry—8tock........
40*
1st 5s 1920............MAN 4101
4 Buyer pays accrued lntere
t Price per share.

Ask.
72
90
50
112
90
30
01
02
100
41*
102
ft.

(G

iv e n

AT

FOOT

M i s c e ll a n e o u s . Par.
Amalgam’ dCopperiw . 1.)
Amer Air Pow o f N Y. 100
Amerlo’n A xe & Tool. 100
Amer Bank Note C o ...50
American Beet S ugar....
Preferred.......................
Am Car A Foundry.........
P re fe rr e d ........ ..........
Amer. C aram elC o m m o n ...
....
Preferred.......................
Amer Press Asaoc’n . . 100
American Screw....... 250

OF

7

Bid. Ask.
100H 101
84
86
20
31
t 47
50
35
36
IS H 80
2 3 * 24
88« 84«
50
00
100
102 107
t......... 2 0 2 *

M i s c e ll a n e o u s . Par.
Am 8oda Foun—Com. 100
1st preferred ...........100
2d preferred.............100
Amer Smelt & Refl’g—See
Preferred —Set Stock E
Amer8t.eel Hoop—tfee.Sto
Preferrdd........—See sto
American Surety.........50
Am Typefo’rs—Stock. 100
Amer Sewing M achine.. 5
Amer St.rawboard.,,.100
Amer Wringer com .. .100
P re f..................................

Bid.
5
50
12
Stk E
xoh L
ck Ex.
ok Ex.
222*
49
t 2
30
105
117

Ask.
7
50
18
x list.
1st.
List.
List.
51
si
107

M i s c e ll a n e o u s . Par.
Amer G raphophone....lu
P referred. . . . . . . . . . . . 10
Anderson (John) Tob.100
Automatic V e n d in g ...10
Barney A 8m Car—
Common..................100
Preferred.................100
0s 1942 ...................JAJ
Bergn A Eng Br—See Phi

Bid. A ik
t 18% i f M
t 1S?4
12
11
4
t
22
91
105
LUst.

Blackwell's Durh T ob.25 t 13
Bliss Company—C o m ..50 r 07
P referred ...................50 t 0<2*

25
93
108
6
63
03

May 13, i899.]
BONDS.

THE
£|

R .Y . S T O C K E X C H A N G E
W e e k E n d in g M a y 12.
I d El 111 1st coot g 5s. .1910 31- £
l i t c o Q g 5 s ... . . . . . . - . 1 9 9 5 J - J
Brooklyn 1st g 5 s .....1 9 4 0 A -O j
BmcUMred..................
A -O ]
l i t C'DB il Is ..••«••*• 1939 J - J
Bq Q^a LN Y 1st w a g 5s.. *39 .>1-8
■ q G A Fuel. Set P G A C Co.
Gen Sloe Co deb g 5ar . 19«a U I -D
Gr B ap G L Co 1st g oe. ■J915 P - A
K C Mo Gas Co let « 58.1983!A - 0
Tj*oG a»*L C oof S tL lsigS s f • Q-J*
8mMil bonds................
1919 gQ-Ft
-F 5
Small
b o n d s ...............1919
M utFuelGaaCo Ssr PeopGas
Peo Gas A C lstg n g 6 a ..1904 M-N
SM & a g
1904 J - D
l«t ooasol « « . ............ }M S A - O
SarandiB* g 5s— .......yi 2
a«tlstere-l...............«
Ob G-Ii A Ck* l » t * » * 5» 8? J - J
C o n O C o o tC M «tg n i,-5 , 3* J - D
BQ G A K Ch l i t * a * 8 ..'0 5 jJ - J
Ma Fuel G u I n *n g 5.19*. M-N
W « t n G u Co col tr g 5a...’S3 M -S

C H R O N I C L E .— BOKT)

F ries
F riday,
May 1 2 .

Week's
R a nge or
L a st S alt.

'e-s
| i

Range,
since
Jan. 1.

BONDS.
,S
N. Y . S T O C K E X C H A N G E i f
W e e k E n d in g M a y 12.

Bid. A sk. Low. S io h . No. Low High
110 112)4
11 0 H ......... 110)4 May’ 99
120)4 134
*123)4......... 123)4 Apr ’ 99
*109 . . . . . 113)4 J ne’97
93
117ft Sale

117ft

117ft

109
109ft 109ft
................ ......................
_
..........109ft Apr 99
............. %»** 107V* F eb ’ 99
124ft May’ 0l»
106 D e c’98
illft
113
.....
106

Sale
lie
107H
...

H IM
x n i4
106
107)4
101

H IM
A p r ’ 99
Feb ’ 99
Apr *99
Mar ’98

109
Si 106)4
1169)4
107)4
188
109ft
107)4
106
105

919

PRICES (6 pages) Page 5.
Price
Friday,
May 12.
B id.

PI Valley Coal 1st g 6 sl. 1920 M- N
Procter A Gamb 1st g 8 s ..’ 40 J - J
St L Ter Cnpples Station &
Prop Co 1st g 4)4s 5-20 yr’ 17 J - D
8 Yuba W at Co con g 6s. .’ 2S J - J
Sp Yal W at W orks 1st 6s.’ 06 M - 8
87
Stan Rope A T 1st g 8s.. 1948 F - A
Incom e g 5s....... . , .,. .1 9 4 6 ........
27)4
117)4
Sun Ok Coal 1st g s f 0B-.1912 J - D
Tenn Coal T D ir 1st g fts.1917 A-Ol
..
Btrm Div 1st con 6 s .. .1917 J - J
..
Ul
Cah C M Co 1st gu g 6s-.’ 32 J - D
De Bar C A 1 Co gu g 6 s.*10 F - A 103
109)4 U S EuvelCo i s t s f g d s 19IS J -J 7
107)4 D S Leath Co s f deb g 6 s.’ 13 M -N
127)4 West Union deb 7a. .1875-00 >1-N •102
Registered......... 1875-1900 SI-N •108
Debenture 7s.. . 1884-1900 M -N •102
R egistered ..... 1884-1900 YI-N 102
113
Col em it car 5 s........... 1938; J - J
l lift
Mat U n T e l s f d 6 a ... 1911 M-N|
106
Northwestern Tel 7 s . . . . ’ 0 4 ‘J - J
107)4j
Wh L E 4 P 0 Co la t g 5s.’ 19 J - J

Week's
12
Range or
Last Bate.

Range
since
Ja n, 1.

A sk . Low. High. No. Low S ig h

101
.......
Sale
108
109

85
25)4

F e b ’ 97
43
S'
28)4 461

107)* A p r’ 99
109
109

Sale

104*:

84)4
23)4

90*4
35

101)4 110^
101 111^
98

106

J 19)* A p r’ 99
107)4 107)4
105 M ar’ 98

11694 119**
1 107)4 X07)4

11G& May’ 99
110 May’ 99

113)4 116*4
no
113

V. 8. GOV. SECURITIES. , (For
,
daily record see sevent h pa 0* V
MIBCHL,I,ANKOUS BON DA
99 Feb.*9u
4 104)4 106H U 8 2s registered— OpGonal Q~
A M
w
99)4 . . . .
105)4
A d u u B x—Col trg U.1B48 M -8 105 105)4 105
15 1105 108)4 U S 3s registered..........,1 9 1 8 ]. . . .. 108^ 108^4 10SV4 108*4 *Vs
105
105
A m S i t OU d eB *a »...l# 0 0 ;Q a -F | .t0 5
EF S 8a coupon
1918|. . . . . 108*4 Sale 108)* 1084* 133
Am DA A Imp 5s. 3 « O o a N J
3
8 ! 35W 94)4 U 8 4s re g is te r e d ........1 9 0 7 'Q -J t 112) * 113 113U* 112)*
89
89
Am Spirit. Mfg 1st g 8s. 1015 M -K 89
22
U 8 4s c o u p o n ... ....---- 1907 Q -J t 113) 4 114 112*4 ns*<
^ J a s c u c * i . u « i . i »< s !j - J *100
12rf)4
130
129)*
May’
99
35
84)4
98)4
U
8
4s
registered
.............
1925
QF
D V c W A W H l l I f t s 1 M 5 F - A 9 1 * Bale ; 91
91H
U S 4s c o u p o n ..,..............1925 Q - F 129)* ISO)* 129)4 l2-»4 ***4
riAhCoAl Min. Sm T C I A R .
. . . . . . U S 5s registered............. ,1904 Q- F 112)4 112)4 112 A p r '99 ....
109)4 Feb *97
V /b lc J o A S tY d col g5a.lD15jJ - J . . . . . .
............
.............
U
8 5s c»3upon.. . . . . . . . . . 1904
F 112)4 112.)* 112)4 113)4
K oo-csm . tn eoa j,, 5s.l9Q 7:j - J . . . . . .
Cl*ari Bit Coal. Sm N Y C A H
STATE SECURITIES.
100)4 Apr*99 •*- 100 100)4
Col C A I I n c o u * 8 . . . .1B00 K . A| 100 103
no
112)4
Alabama—Class A 4 to 5.1906 J - J 110 . . . . . . 113 M ar’ 99
OolCA I IM TCogU g5t-. 1909 J - J . . . . . .
S m a ll............. ..............................
........
105 Attg’ 98
Coupon o ff ....* ....... .
.
..»♦.*
Class B 5s.................... 1906 J - J 110
108
8ep.*98
10 3 N or*96!
Ool Fuel Co gen gold 6s. 1919 M -N ........
Class C 4s...... 4 ........ ,,,1 908 ! J - J 100
15 86
Col F J t l C o g e n s f g 3 a lJ M 3 K -A | .........
;104 N or’ 98
89
89
904
Currency funding 4s... 1920 J - J 100 .........f...................
108*4 Nor*98
C c m C a b l« C o X s tg U ..9 3 9 7 0 - J ........
Dial o f Columbia—3 *65s.l924 F- A 117
1118 N or’ 98
104 Feb.’ 98
Registered. . ,.
....* ,2 3 9 7 Q - J . . . . . .
108*4 n o
Louisiana—New con 4a. 1914 J - J 1 1 0 )4 .......... 110 Apr
eBardel C 4 L * < T C 4 1 .
109)4 169)4
Small..................................... ........... ....................109)4 Feb.’ 99
el A i l Can. See RB bonds
43 17)4 83)4 Missouri—F unding...1894-95 J - J
18U
21
3 0 4 33
Dot MAM Id gr 3ft# B AU911 A - O
108 108
Nortu Car—Consol 4 s ... 1910 J - J 104 ......... 108 A p r’ 99
no
110 Jan.’ 99
B rteT A T o o ltr g a f5 S ...1 9 2 6 J - J
95)4 Jan.*97
Sm all................ .................
J- J
Or R1t Coal A C 1st g J*.X919 A -O j
I ..................
,, . . m .........
« k ..i.............................. 1 9 10] A - O 127 ......... 138 Feb.’ 9b
Hack Wat Root 1st * 5 * . 1936 J - J
Ul
Aug’ 97 . . . . ................ .
SoCarollna—4)4# 90-40.1933 J - J 1 0 4 )4 .........j ...................
Q«nd B Co 1st • f < 6 « --l9 S l M- *
97)4 97 A p r ’ 99
......... .........1 . . . . ............ .
Tenn—NewseUlem ’ t3 s. 1913 J - J
96)4 98
Hoboken L i U 5a....... 1910,M -N
95
95
95 Feb ’ 99
S m a ll............. ..................... J - J
99
99
99 Jaa.*99
111 Steel Co deb 5*....... 1910 J - J
83*4 83
84
34
118 83)4 87
Virginia fund debt 2-3 a .l9 9 l J - J
70 A p r*97] ..
A Eon-eonr deben fle».. 191* A - O
R egistered...............
,IJ - J
fcron Steamboat Co 6 s ,. 1901 J - J
8*4 A pr'99
6* deferred e e rtf* .............. .......... * 5*’ *8*
May‘ 99 i
119 ! 13)4
I n t i Paper Co l i t co o gds ‘ l* V - X 113
M *r’ 97;
Jeff 4 Clear C A I 1st* be 19-26 J - D
V *y *or
UNLISTED BOND8.
3d g 5s........................... 1930 J - D
62)4
62H
63)4 71
97 101
Ateh Col A P ec *s tr e t a ........ .
#7 Maj-'B*
Knick lea (Chic) le t *5e. 1928 A -O :
64
63
Atch J Co A West rt* tr c t f s ........
63 A p r ’ 99
et T A T 1st i f g 5s. 1918 M S
B A O pr lien 3t-|s (w l ) . l f l 2 5 ........
, , . , . .........
t .,,+«»
DB Sale
98 >4
MH
438 96
99
B e t t e r e d ........ 1913 M N
1 st mort 4s (when Issl. 19481........ 10* Sale 100)4 101M 1271 98 l f U 4
103 108
Mich Pen Car Co 1st g 5a.’43 11- H 103 ......... 103 F eb '99
25 96
! 3f>
.... .
96 Bale
9fl
90
Mat On Tel Co. See w n Un.
89 u
14 86
Cen.P^c,M.3A4s (when Us‘ d). ...
100
100
8 100 104
8H
88M
at StarcbMfg C ol*tg6s’20 M-N *100
......
1st mtg (when issuedi,................. 101 \4 8ai» l o t * 101>H 11 100 io 2 a
wpt News SAD D 5a. 1990 J - J l
vss*
h7U S8S sr
an
«»514 86
Co* A South 4s ( wheu issuedl ...
M T A N J T elgeo g S ecy .’tO M -N .......
1-UMI - 98*4
96 ft 150 93
90 ft Halo
Metr W 8 Ei(Cblci ’ irt l s 5930
.
...
Y A Out Lend 1st g 6*. 1910| F - A . . . . . ******
95 M
IM *5)4 68
8i L I M A S onew S O y 1# (w|> . . . .
85)4
H6 S4 8 le
EoW eetn Tel eg. 8*4 WeeACa.1]
129 85
-ou .pa e.col.tr. 4s (When ts« 1 . . . .
Peoria Wat CO e 6 * .-W 9 .t o ; M -N
...
85)4
8514 8 %)**
• No price Friday ; these are latest bid and asked this week, t Due July * Du# May. I Due April. | Bonds dua January. T Due August. aTheso orooption sale

D

110

M
N

O U T S ID E S E C U R IT IE S (G i y s n

a t foot of

7

o o h se cu tiv k pa g k s ).

B A N K S & MISCELL’ S

M te c e t ln n e o u a . Par. Bid Ask
>1Iw cfU nnr-onw , Par. Bid.
illl t c e U a o s t B i . Par, Bid. As
M la e H la n ro ta s . Par.] Bid,
Lawyers’ Title I n s .... 100 145 165
Uo Bwlton A 6 p r e f..50 t 61
Hue** n o
Bond A Mart G o a r... 100 ^ 5 6 “
Swift A o. st 6s
61)4
Liberty
Silk
M
ills-....
100
100
no
8u*q Coal 6s 1911 ....J A J ISO* 122
Carter-Cra me—PTef. . 100 55
Union Tobacco subs . . . . . 188 140
70
Preferred..................100 . 85
Term Wareh—Stock.. 100
90
Union Typewr—Com .100; 31)4 28
90
10
CeOulold C o .............. 100
36
1st 6 «.........................
70
1st preferred... ...,1 0 0 118 116
Cent America Tr’ nslt.ioo
” T \ LotIIlard ] P)—Pref. -.100 130
f.
Debenture 6 s............
Madison So G— Stock. 100
t o * 15
70
2d preferred............100 118
118
Cent ITrew rks—Cota. 100
85
95
60
3d 6e 1 9 1 9 ...........MAN
Texas A Pac!6o Coal. 100 ” 05“ 75
United Shoo Mach.-Sr* Bj ost, Li sh
86
P re fe rre d ..,. . . . . . . . 100
30
..5 0
1st 0s 1 9 0 8 ... .....AAO |107ft
45 I Maine 8
U 8 Glass—Com m on.. 100j
38
Chateaugay OreA I r 6s ’ 15 39
60
Merch A Miners’ 8 8 ....5 0
SO
Title Guar A T r u s t .. 100 340 360
P referred. . . . . . . . . . . 100
65
10
Cbes A u Grain ED—I n c ..
30
Trenton Pott—C om .. 100
65
16
IV* Micb-P Car 1st 5s*43M A8 109
90 100
U 8 Projectile Co.......100
Minneapolis Brew 1st 7s. 105
50
00
Preferred . , , , . . . . . . . 1 0 0
2
Cheeebrough Mfg Co. 100 840 345
U.8. Pneum.IIor*© Coll.. l f 1ft
50
Hosier Safe C o . . . . . . . 100
ICS
55
Trow Directory-iNew.!00
Clad In (Et B )-U tp re f.l0 0 100
Waguer Palace C ar... 100 184 188
Monongahela Water. ..25 t 41 H . . . . . . Union Bwitch A Signal.50 t 43
322
96
43
Westlngh Air B rake.. .50 t22l
3d preferred...........100
List.
Nat Biscuit—Sec Slock Ex
Common—See 8tock Ex Hat.
45
75
7«5< N ation.! Caak*tCO...100
Clark Mlie End Thr’ d.100
Bid. Ask.
B onks.
Bid. Ask.
Banks
B an k s.
Nat*] G ram ophone..,. 100 79
79ft
OolUcs Co ..................... 100 no
25
National Haw—P ref-. 100
50
Oonaolid Car Heating. 100
Broker*' Qu otati
Brokers' Ou otati *tu.
otati an*.
Broker*'
0 1 * 53
National B ait.. . . . . . . . . . . .
5
Consol Flrew'ks-Com-100
N, Y. CITY.
Mech A Tra*. 250 260
March Kxon. 120
Pref e r r e d . . , . , . , , , . .......
«o : 70
P re fe n ix l................. 100
7 1 * 73
Am erica*. . . . 1420
Merchants'.. 176
»»rt» Nassau . . . . . . 280
National B arely... . . . 100 150
Con Kan C Smelt A R ef.35 t 37)4
Am E x c h .... tlwO
Nat City...... 330 345
Metro polls*.. 875
70
60
31
36
National Wall f*ap«r.l00
Consol Bolling Stock. 100
As tor
400
North Side*.. 160 176
Mt Morris*.. 250 800
N, E Elec. V eh-Trans....
I t * 13
Coot. Tobac. Co—
Stoc k E l. list.
Bowery#. . . . . 1300
People's* .... 190 195
M utual*...... 135 145
so
05
N Y Loan A Im p.........100
Cram pa’ Sb A En Bldg. 100
Broadway— !235 845 j N assau*.,.... 150
Schenn’rh’n* 140 150
117
Diamond Match Co. ..1 00 139H 140)4 N Y Biscuit 0s 1911. MAS 114
Butch'sADr,.
115
17th Ward*. 105
79*4 New Amst-*.. 370
New J«r 7,Jne A Iron.. 100 130
96
Electric B o a t .......
31
C entral........ ! ISO
Sprague....... BOO
NewYork Co. 14 50
50 [! N Y Air Brake-Sss N T S took B xch.
P referred. , . . . . . . .
C h a se.
J 400
20Lb Ward*.. 140 145'
N Y Nat E x - 116
N. Y. El Veh. Transp. 100
B l * 38
Electric Vehicle—Sr* Phi I. listChatham
830*
Union*.......... 115
t S ll
New York.
4
Nicholson File Co........ 60 t 25
P referred.. . . . . . . . . . . . . . J 130 115
Chemical...... 4100 4800 19th Ward*.. 100
W allabout*.. 105
10 Clf
Bppens 3m A W lem ..l0 0 i ......... 90
Nicaragua Construct. 100
Irena*..... 145'4 4
95
Ninth............ 90
94
35
East man Kodak C o... 100 100 110
Otis Eierator—Com.
3
North Amer, 180
T r iie t C o e .
89
P re fe rre d ,.,....... ...
HUM C ity . . . . . . . . . . 2016
B m A Wastera Trans.50]f 87H 88H
N. Y. CITY.
C olonial*. . . . aoo
O nental*. . . . 200
1 0 9 * 111
Fidelity A Casualty...100 350
Park
........
170
Am Dep A L.
65
Colum
bia*...
Pacific*.........
t
23
Fidelity A Dep (B ait). .50 1307 aid*' Peck, 8t o » A W ilc o x ..85
Atlantia T r .. 315 235
Com m sroe... t339
Park............. *538
40
German Am Real Eat, 100 38
Pegamoid, p ref..........100
Central Tr'st. 1950 3025
Continental . 130 140
Peoples’ * .... 200
oodyear Shoe Machine.. x 49)4 5*6*
Penney Iraola Coal.......50 860*
City T ru st... 375
4
un*
664?% 3870 Phenix
6 Com Exch*..
Gorham Mfg Co-Cota. 100
100
Penn. Water—C o m ....50 t 5
400
C olonial...... 420
R irer.- 135
jPlata*
P r e fe rr e d ..,,.......... 100 1X4 130 ] Phil A WU Steamboat.50 t 66
70)4 East
Consolidat’d.
Prod Exch*.. 120
140 i 11th Ward*. 300
Or eat Fails Ice..........,100 145 160 i Plan ter s’ C m press
Continental . 300
i!9
5
3000
Fifth
A
re
*
..
1
R
epublic.
.
.
.
8300
•40 i
68
Hartford Carpet C o .. 100
Pneumatic Gun Car’ge. 10 t 35
Farm Ln ATr 1850 148 5
F ift h ............ 920
R lrersldo*... 100
8
H arana Commercial
63)4 34)4 Pratt A Whita—Com.. 100
4)4
330
Fifth A ve Tr 350
First..............
3750
Seaboard..
40
50
«S
P referred...............
Preferred .................100
66)4
550
Guaranty Tr 60 » 650* *
Second
...
.
First
(St
Isl)
54
56 1 Pressed Steel Car—See 81 ockEx list,
Heek-Jonea-J MlU-Pf. 100
* Knlck'rb'ck’r 360
150
Seventh....
14th Street*. 145*' 165
98
100
1st 6s 1983............ MAS
Preferred—See Stock E xob. li st.
Shoe A L e’ th *105 ........ Manhattan.. aoo
175 185
Fourth
eCg-tlall-Mar (asst p’ d),
3
0 I Procter A Gam ble.. ..100 34t 375
Mercantile .. 700
Franklin— ,
State* ,
16 .........
Preferred
100 100 aoO
Preferred ( ass? p’d) 100
Metropolitan 375
120
G allatin....... 815
35
36
H ocking Valley —See 8 ,’k Exch. List,
Republic Iron A S teel....
N Y L U T r 1400
125
100
13th
Ward*
I
Ganseroort*.
64
63
Preferred.......... ............
110 .........
Hoboken Land A lm p’ t
N Y See A Tr 450
1300
Garfield,
23d W ard*,.. 100
88
Subscriptions . . . . .......
5 s .......... .............
, 105 . . . . . .
North Amer.
Union.......... 800
i German Am* 4118
95
R.LPerkins HoTseSh.100
Iaterciattonal Elerat.lOO; 90
Produce Ex. 205
205
270
Gorman
Ex*.
340
Union
8
q
*„.
labemaUonal N*arIg.. 1001 103 |105
Preferred
,.1 00 * 0T *
Real E stT r’t 800 835
West Side*. 800
Roy Bak Pow pf
Internet. Paper—See 8t’ k Kxcb Met.
99* 8 9 * Germania*.,, 1375
Standard
Tr't. 820
240
6
5
Greenwich*..
W
estern----32
118
Rubber
Goods
Mfg
Bonds 6s.......... 1 13
30*4
State
T rust.. 390
200
Yorkrlll#*..
110
Hamilton'
86
81
Preferred.............
;n *
Intereational P o w e r ..,..,/ 84
Union Trust. I860 1450
700
Hanover..
Internat’ i Pump—Com . - 26)4 2^)4 Bussell A Erwin........... 25 t 65
U 8 Mtg A Tr. 450
BR ’ KLYN.
Hide A L'ath 1 1 5
l'45
P referred........................i 65)4 67 H Safety Car Heat A LL100 130
Unit. gfAtes., 1575 1025
B edford*.... 315
100
Home*.
42
38
acbwanchUd A Sal xb. 100
Internet 8Ut « t—See Stk. ; Excb, list.
Washington 300
100 200
Broadway*
103 ] Imp A Trad. 4580 611
101
75
Do
do
pref.j
Seroet-8olray deb 5s.
too
BR^KLYN.
130
Brooklyn*
..
Irrlng
100
145
Simmons H ’rdW-Com. 100 140
Do
do bonds- I . . . . . . 105
Brooklyn Tr. 405
95
8th W ard*..
Leather M fr. 300
130
Iron S tea m b oa t..,,... 100
7
Preferred..........
100 125
Franklin....... 8C0)4
5th A r e * .... 104 107
Liberty
300
60
Singer Mfg Co.............100 480
0e 1901...................J& S
50
H am ilton.. .. 258
First............. 320
750
Lincoln
Standard G il............... 100 485 487
John B Stetson—Com. 100 75
100
Kings Co.... 325
Ger Amer*., 90
Preferred . . . , , , , , . , , 1 0 0 110 iVe*
8tan. Dt*L A Die.—See 8to ok Kx. List. ! Manhattan*. 4946
L 1st L A Tr. 250
Hamilton*.., 105
Market A Ful 4280
300
9
Journeay A Burnham. 100
Stand Und’rg'dCnbie.lOO
4108
Manauwn’rs. 275
Kings
Co*....
M
echanics'..
4805
35
Bloss IA81st. «s 1917.FAA 103M . . . . . .
26
Preferred
100
179
Nassau
Manufaot’ rs. 360
17
18M Southern Cotton OU.. .50 f 5 4 * , , , , , , Mech A Tra*
Kent? Dinilrs AWar oss
People’s ....... 295
310
Mechanics*.,
185
M
ercantile..
107
55
59M
Preferre»3 ............ .
gtat Ul R T 1st 6s'13AAO
2d 5s 1926................J&J
t Price per share.
05
Kulckerh'r loe^Chlci--8<»r 9t Ex List.
* Banks marked with a asterisk (•) are 8tate banka,
90 H 4 Purchaser also pays accrued Interest.
90
BtUlw-Bleroe A 8m-V.100
Knickerb low—R aids 5s..
97
Swift A Co.............. ...1 0 0 100 102
L aw ygrr S u r e ty ,.,,,, 100 105
4 dale at Htock Exchange or at auction this week.

1

,r

nil
...»

THE CHRONICLE.

92<>

[V ol. LX VIII

Boston. Philart^iohia and Baltimore Stock Exchanges— A Daily and Yearly Record.
g f*

S h a re P r lc e * -N o t

M on d a y,
M ay 8.

S aturday,
M a y 6.

T u esday,
M ay 9 .

250
250
250
10914 110% 108
238
238
•288
.......
190
101
190
100
100
.38% 134% 131% 131% 128%
•140
140
144% 145% 145
•129
129
129
•130 131
•250

110

•35*’
•44
• lie

958

110

35%
14H

•34%
44K

45%

117

110

117%

t
13%

13%

03*
24%
13%

23%
13

49% 50
51
51%
78
78
•78% 78%
•209 210
•..........410
07%

97%

29
15%
43%
70
42%
10
37%
04%

2*
15%
44%
77%
42%
10
37%
04%

10

10>'

03%
07
10
28
15 3 10
42%
75%
40%
19
3 7%
94

350 350
350
150%
158% 152
•116% 117
117
350 350
853
93
83
05
815 830
835
18% 19
E?X 18H
05% 65K
05% 08
52% 54%
55
50

01
04

01%
65%

43%
18%

43%
10%

90%
59%
35
43
17%

255
250
109% 108
•237
218
189%
100
132% 130%
147% 141
125
131

■ai

44

91
08%
35
43
18%

35%

45

3iH
1*X

i i e % 1 17 % 110%
*34
•34
38
92%
•92
93
•58
62
23*
23% 24%
12%
ta x
92
03
93
40
47% 40%
*77%
*70
77
200
209 209

03
64%
96%
97
10% 10% 10
2854 28 o - l0
15
15%
41%
43%
70%
75
40%
42%
1*%
10%
37%
38
94
94%

355
153
117
350
88
830

P er C e n tu m

04
97
3-10
28%
15%
43
70
42%
18%
37%
94 4

340
140
115%
350
88
820

352
155%
117
356
88
830
18X
S5X 05X
51
53
89
58%
35
43
1B X

90
02
35
43%
17X

0'i%
97

04
07

28
15
41%
75
40%
18
37%
93%

89*f
15%
4<
70K
43
18%
37*
IMS*

340
143%
116
348
87
810
17%
0554
5154

350
151
116
850
89
315
i»«
00
54

90

90

5954 a m
3 i%
43%
13?4

43%
28%

100%

N A C T IV E

40%

22%

150
41
50

42 *

'a n

153X
40
51

STOCKS

R A I L R O A D S .—Prices
A t T o p A 8 F e. .(B o s t)1 0 0
4X1 A C h arlotte! B alt) 100
Bos A M aine pf.(B ost)10C
B oston A P r o v . 44 100
Oat’ wlsaa 1 s t p f (P h il) 50
Central M ass... (B oat) 100
P r e f.................... “ 100
Central O h io .. . ( Balt) 50
Ohio & W M ich.(B oat) 100
Clt’ s S t o f In d s I(P h il) 100
Conn & P assu m (B ost)100
Conn R t v r r . .. .
44 100
C onsol T rP itts T (P h il) 50
P r e f 7 . . . . . ,..
“
50
Flint A 1'ere M. (B oat) 100
P re f....................
“ 100
G’ rm ant’n P a se(P h ll) 50
H eston v M A T
“
50
P r e f ................
50
H u n t A Broad T
“
50
P r e f ................... “
50
I C Ft 8 A M . .(B oB t)100
P r e f ................... •* 100
Little S c h u y lM P h il) 50
Maine Central. (B ost) 100
M lnehill A 3 n . ( P h l l ) 50
N esquehon’ g V.
•* 50
New E n g la n d ..(B oa t) 100
P r e f ...................
“ 100
North P e n n ... .(P h il) 50
Phil A E r i e .....
50
Phil Germ A N . “
50
United N J ........ 44 100
United Tr o f P . 44
50
P r e f ................... 44
50
W est Bind p r e f.(B o s t) 50
W est Jer A 3 8 .(P h il) 50
W estN Y & P a . “
50
W lecon Central (B os t) 100
P r e f ................... 44 100
W o r N a a h A R . 44 100
M ISCE LLAN EO U S.
Allouez M ln lng(B ost) 25
Am R y s l ........... ( P h i l ) . . .
Arnold M in in g .(B ost) 25
4«h Bed M in’g.
25
A tlautlc M ln'g
"
25
Baitio M ining . 44
25
Bay State G o a l.(B oa t) 50
BergAKug iar’ w (P h li) 100
P r e f. .............
14 100
Boston Elec L t.(B u s t)l0 0
Boston L a u d ... 44
10
Cambria I r o n ..(P h il) 50
Canton Co......... ( Balt) 100
Centen M in in g .(B ost) 25
D aylight P ils m .(P h ll) 50
Doim n Coal p f . (B o s t) 100
Edison El Ilf.
"
100
E lec Co o f A m T .(P h il) 50
E lect V e h lo le l.
44 100
E lectroz Com ’ lT 44
50
Frauklm M ln’g. (B oat) 25
General Elect
100
P r e f ...................
•* 100
Gen El A u to-M 7(P h tl) 50
In t But II & 8 M (B ost) 10
Isle R o y a le T .... “
25
M arsden p r e f! (P h il) 100
M ergenthaler.. (B os t) 100
M ex T eleph on e ••
10
N o Am Q Dredg 44
10

B id.

Aek.

TI I n d ic a t e s u n liste d .

May 12 .

250
257
257
109
109%
104
238
h9
189
184
131% 133
134
145
144% 4 i44
*128
130
131
. . . . . . 123% 123%
84% 34%
31** •34% 35
45% 45%
45k 4oX
UK
59
59
110% 118
110>* 118 118
..«*• ••••••
....... .
38
*90
02
wax
•60
05
24
24K 24 X
34K 34X
I 3 K 14-M
13K
13 k 1 3 X
04
92
. . . . . . . . . . • ' if 3
♦50% 50%
MIX 5 1
5054
*77
•
76X
7
7k
77X
TiH
.........
*302
209
200
200

10 10 1-10

35
43%
17X

07
97
06X »7 X
10% 10X 10 % 10 7.10
23 1-16 28%
28
2-i
♦15% 15%
10 1-10
43
4
43X
UK
7rS
70%
7 6 X 77%
42% 437%
*141 44K
17% 18
18
18
37% 38
37% 3 7 *
93
93%
93
03
350
147X
I1 7 K
350
90X
825
i8 x
65%
5S X

350
151 X
U 7X
351
92
325
19
85*
54

350
350
140% 154%
110
117%
350
350
91
91%
825 830
19
19X
05% 0D%
53
53%

90
6394

90
04X

00% 91
6 1 « 63X
35
35
43X 43X
17K 1SK
146% 146%
41% 42%
aax
158
164
45
45
49K 51X
•1%
1%
* ........ 50%
•84
05

43 K 43%
17K riH
146% 146%
42% 43K
2 3 X 26
154% 150
45
40
49X 49X
•49
05

51
65

STOCKS BONDS

B id

R a ilr o a d S to ck s .
B oston & A l b a n y . . . . , ............(B o s to n )
..1 0 0
B oston E le v a te d ........................
,.100
“
.100
B o sto n & L o w e ll.........................
“
.100
B oston & M aine...........
“
.100
Chic. Burl. & Q u in cy...................
“
,.100
Chic. Jun e. & Un. S to ck Y d s.
“
.100
P r e f e r r e d . . . . , ........... .
“
.100
Chic. M ilw aukee A St. P a u i. (P h ila . 1
. 50
C h octaw O klahom a A G u lf ..
“
. 50
P r e fe rre d ........... ..........................
44
.100
C on sol. T ra ctio n o f N. J .7 . . .
“
.100
F itchburg, p r e f ....................... .(B o s t o n )
Ga. S outhern A F lo rid a ......... (B a lt.)
.100
.100
1st p re fe rre d .............................
44
.100
2d p r e fe rr e d ..........................
“
. 50
L eh igh V a lle y ............................ (P h ila .)
.100
M exica n C entral..................... .(B o s to n )
. 50
N orthern C e n tra l.................... (B a lt.)
N orth ern P a citto ....................(P h ila .)
.100
P re fe rre d ........... .........................
44
Old C o lo n y ......... ...........
(B oston )
.100
.100
O regon S h ort L in e ......................
44
. 50
P en n sylva n ia ..............................(P h ila .)
. 50
“
P h iladelph ia T r a c tio n ...........
. 50
R ea d in g C o m p a n y.......................
“
. 50
1st p re fe rre d ..........................
“
. 50
2d p r e fe rr e d ..............................
44
.100
U nion P a cific..................
.(B o s to n )
.1 0 0
P r e fe r r e d ..................................
44
. 50
U nion T r a c t io n ........... ........... (P h ila .)
U nited Rv- & E le c. C o .(w . i.) (B a lt.)
Pre ferred (w h e n is s u e d )..
“
. 50
W e st Eud S tre e t.....................(B o s to n )
H is c e lla n e o u a S t o c k s .
.100
A m erican B ell T e le p h o n e ... (B o sto n )
.1 0 0
A m e rica n Sugar R efining T..
“
P re fe rre d T ..........................
44 .1 0 0
. 25
B o sto n A M o n ta n a -............. . •
“
B u tte A B o s to n ..........................
“
. 25
. 25
C alum et A H e cla ........................
“
C am bria Steel ( $ 1 5 0 paid) (P h ila .)
.100
C on solidated G a s......... ........... ( B a lt.)
.1 0 0
D om in ion C o a l ........................(B o s t o n )
.100
E lectric S torage B a ttery 7 .. (P h ila .)
.100
P re fe rre d 7 ...............................
“
.1 0 0
E rie T e le p h o n e ......................... (B o sto n )
F ederal Steel............................
“ .100
. 25
L am son S tore S e r v ic e .........
“
50
L eh igh Coal A N a v ig a tio n ... (P h ila .)
M arsden C om pany 7...................
“
.100
.100
N ew E n gland T e le p h o n e ....... (B o sto n
O id D om in ion C opper 7 ..............
“
. 25
Pa. M fg . L ig h t A P ow er7 . . . (P h ila .)
. 50
U nited Gas Im p r o v e m e n t 7..
“
. 50
U nited States O il.....................(B oston )
. 25
W elsb a ch L i g h t s ..................... (P h ila .)
.
5
W e s t E n d L a n d ...................... (B o s to n )
. 25
W estin g h . E le ctric A M f g . ..
“
. 50
P r e f e r r e d . . . , , , .........................
“
. 50

A s k .l

M ay 12 .
18%
125
300
17

68
i0
44

102
30
02%
82
04
143
44
75%
8

25
50
100
58
50
37
100
103
1«%
145
275
117
60
8%
1
2

130

10

11 %
9%
1%
33
27%
1H
10u
5
82
88%
39
110

200

17%
23%
118
137
12
58
198
8%
85%

M ISC E L L .—Concluded.
Old <Jol M ining. (B oat) 25
O sceola M ining. “
25
P a lm etto Co— (P h il) 25
Parrott SilACop(BoBt) 10
P en n E le c V e M (P h il) 50
P r e l7 ............. . “
50
P en nsyl S a lt ... “
50
Pennsyl S t e e ll. “
....
P r e f 7 ..............
“
100
P u llm an’s P a l..(B o s t)1 0 0
Q uin cy M in ing. “
25
R e e ce B u ttonh . “
10
275
25
3 0 X ' R h o d e Isl M in .. 44
Santa Ysabel Q “
5
T am arack M in. “
25
3a
23
68 T o rrin gto n “ A ” “
P r e f..........
“
23
Un C op L A M ’g 44
25
Un Shoe M ach.. “
25
P r e f . . ........... 44
25
4 9 * U tah M in in g ... “ 4-8£
W ater P o w e r ..
“
....
IS
W elsbach C om 7(P h ll)100
45
100
P re f 7 ............. “
W estm rel Coal 44
50
W in on a M in lng(B ost) 25
W o lv e rin e M in. “
25
W ollaston L 'd .
“
5
B o n d s — llo s t o n .
A m B eil Tel 4 s ..1908 JAJ
A T A S F g e n g 48.'9 5 AAO
A d ju stm e n t g 4 s . . 1995
B A M 3d is 7s.’ 02-07 MAN
1 8 * B o sto n T erm ’ i 3 % s. .1947
Bos U uG as 1st 5 s .’ 39 JAJ
50
2d M 5 s ........... 1939 JAJ
118
BurA M o R1 v e x ’ pt 6s. JAJ
N on -exem p t 6 s .’ 18 JAJ
Plain 4s...........1910 JAJ
IK
Ch BurA N 1 s t 5s.’ 20 AAO
4
2d M 0 s......... 1918 J&D
Ch Bur A Q 48.1922 FAA
Io w a D lv 4 s .l9 1 9 AAO
io n
C hicago Jun e 5 b. 1915 JAJ
954 Ch A N o M gu 5 s .’ 31 MAN
14* Chi A W M gen 5s.’ 2 l JAD
38K Con. o f V erm ’ t 5 s .'l 3 J AJ
28 V, Curr’ t R lv 1st 5s.’ 27 AAO
D G R & W l8 t.4 8 .’40 AAO
m
l)om tn Coal lstOs.’ 18MA8
E ast’ ll 1st M 08 g .’ O0 MAS
Fr ElkAM V 1st 6a '3 3 end
U nst’ p’ d let 6s.’ 33 A&O
5H
4 4 X Illln Steel c o u v 5s.’ 10 J AJ
D ebenture Ss.1013 AAO
82H
SOX K C C A S l s t 5 B g . ’ 25 AAO
K C Ft SAG ls tT s .’ OS JAD
40
119H K C F SA M con 6 b.’ 28MAN
K C M A B 1st 4a..’ 34 MAS
In com e 5s.........................
17K
1 K C& M Ry&B 5s.’ 20 AAO
1 K C St J o A C B 78.’ 07 J&J
L a m s’n St’ re S 6s.’ 09 M&t*
34
U S K 1, L R ock A F 8 l8 t 7 s .’ 05 J&
187K 1 L E A S tL l » t 0 s g . ’ 20 A&O
2d M 5-0 g ....l9 3 0 A&O
! M ar H A O n t08...’ 25 A&O
5SK M ex Cent 4s g ..l 9 1 1 JAJ
1st co n Inc 8s g non-cum
2d co n Inc 3s hon-cum ..
300
SX ; 1 New Eng T e le 6s.’ 99 AAO
36
I 0 8 .................... 1007 A A r

It*

Sales
o f the R a n g e o f Sales in 1 8 9 9 .
W eek.
8 h a res
Lowest.
Highest.

ACTIVE STOCKS.
F r id a y ,

256
255
100
108
•237
338
189
190
133% 132
'4 5 k 144%
131
131

39
4 2%
39
42
23
24
s a x 28X
151
154% 150% 153
43
45%
43% 4h%
45
40%
49
50
4 9 „ 49%
52
52
1%
1%
IK
IK
40
49
49%
50% ♦
65
05
64
65
05
B IX
• Bid and asked prices ; n o sale wa« made.
42%
25%

100

P r ic e * .

W ed nesd ay T hursday,
May 11.
M ay 10.

13K
90H
4

02

179i
9
70

18K
91
4K
02%
17X
115
77

158
I54K
162
L05
I3X 1 3 «
11
11K
13
1 SH
222 225
30
31
29
30
8K
8K
37
37K
20
20%
48X 43H
13
06
50
14
45
IK

m
70
44K
45K

4103

l 10°%
« 1 13
l 90
jia o
U 07
hoo
5105
jlO l
| io o
j l 02
1114
A 87
A 07
* 95
i .........
i 93
§ .......
($118
^187
} 187
J103
$ lu 0
§ .........

i 98
i .........
§ .........
§104

lo i

83K
91
72

110
37%
97X
70

120
104

10 L
70
99
03
42

§120

§ .........
§105
107
*103
§ .....
§115
} 74
75
22
23

11
§100

12

i .........

........

.100

BONDS
B oston —C on clu ded .
N Y A N E n g l s t 7 s . ’ 0 5J A J
1st m o rtB s.. ..1 9 0 5 JAJ
Ogd A L C c o n 0s.’ 2O A A O
In co m e 0s................ 1920
R u tlan d 1st 0 s . . ’ 02 M AN
2d 5s..............1898 FA A
T o rrin g to n 1st 5s 1 9 1 8 ...
W e s t E n d St 5s. . ’ 02 M AN
4 % s ...............1914 M AS
G old 4 s ........ 1910 M AN
4 s ...................1917 F A A

Bid.

A sk.

§100

15
107
10 i

3 ....
§104

§111

Bonds—B a ltim o r e .

A tl A Ch 1st 7S.1907 JAJ 120K
A tlG -L igh t ls t5 s 1917 J AD
B alt B e lt 1st 5 s.l9 9 0 M A N 106K
B a ltC P a s ls t 5 s.l9 1 1 M A N 112K
B a lt F u n dg 58.1916 M AN
E x ch an ge 3% s. 1930JAJ 113
B a ltA O h io 4s g. 1935 A A O
S t a t ls l 2 d o g . l 9 2 0 J&J
B a ltA P l8 t6 s m l 1911A A O ........!
1st 0s tunnel 191 1..JAJ
Bal T ra c 1st 5 s.l9 2 9 M A N 117%
E x t A Im p 0S.19O1MAS 103
N o B a ltD iv 5 s .l9 4 2 J A D 121
C o n v ’ rtib le 5sl9O 0M A N 100%
Cape F A Y sr A 0g. 1916 J AD
1st 0s ser B ..1910 tr rec
1st 0s ser C ..1910 tr re c
Cent O h io 4% s g . ’ 30 M AS
Central R y 0s.. .1 9 1 2 J&J
C onsol 5 s . .. .1 9 3 2 M AN 120
E x t A Im p 5s.* 032M AS 115
Chas City R y 1st 5s ’ 23J AJ
CharlC A A ext5s. 10 i 0 J AJ 110
Chesap Gas 0s. .1900 JA D 104%
CltyASub ls t5 s .l9 2 2 J A D 117%
Col& Grn v 1 st5-0.1917 J A J 119
C onsol Gas 0 s . . 1910 JA D 117%
5s...................... 1930 JA D 111%
Ga A A la ls tp f5 s l9 4 5 A A O 100
G aCarAN 1st5s g. 1929J AJ 101%
G e o rg la P ls t5 -0 s 1922JAJ 123
G aSoA F la 1st 5 s.l9 4 5 J A J 109%
K n o x v T r a c 1 st5s ’ 28 AAO 104%
L ake R El ls tg u 5 s ’ 42M AS 115
M etSt( W ash) 1st 5s’ 25F A 107%
New Orl Gas 1st 5 s ...V a r
N o rfo lk St 1st 5s ’ 44. JAJ
N orthC ent 4 % s .l9 2 5 A A O 110
0s 1 9 0 0 ..................... AAO 102%
0s g o ld 1900 ........... J&J 105
6s 1 9 0 4 .......................JAJ 1 14
Series A 5s 192 6 ....JA J 121
Series B 5s 1 9 2 0 ....JAJ 121
O hloA M lst7S D 190 5M A N 103%
P itt U n T ra c 5 s .l9 9 7 J AJ
P otom V a l ls t5 s .l9 4 1 J A J
S e c A v T n (P itt« )5 s ’ 34J AD
Sav F la A W e s t 5 s ’ 34 AAO
Seab A R oan 5s. 1920 JAJ i l 0 %
74%
U n it e ! R y A E lec in com e.
V ir g M id 1st 0 s .1900
110
2d series 6 s .. 1911 MAS 118
3d Beries 0s. .1 9 1 0 MAS 110
4th ser 3-4-5s.l921M A S 105
5th series 5s. 1920 MAS lJ-0%
V a (S tate) 3s n e w .’ S2JAJ
87
Fund debt2-3s. 1991 JAJ
83%
V a A T e n n 2 d 5s. 1900 JAJ
8s....................... 1900 JAJ

245
Mar.
8 0% Jan.
227 Jan.
55 170 Jan27,^ 8 i 12 4% Jan.
4 42 139% Jan.
23 124 Jan. 12
20 1 120% Jan.
3
200 297% Jan. 3
1,210 43% Jan. 14
10 57% Jan. 3
117 107 Jan.
3
35 M ar. 21
91 % A p r. 24
03 Jan. 11
5 420 23% Jan. 10
5,150
5% Jan. 7
55 90 Jan. 21
2 ,4 -n 42% Jan. 7
15 70% Jan.
0
21 198 Jan . 4
40% M ar. 1 1
8,10:1 01 Jan. 3
1,*4
94 % Jan.
3
7,504 10 M ay 3
4,240 25 13-10Jan.7
3,405 13 7-10Jan. 6
4,701 41% Jan. 7
4,491 73 Jan. 6
38,319 3 11% Jan.
7
7,203 17% M av 12
2,439 37% M ay 4
454 90 Jan.
3

200
M ay
110% May
240
A p r.
191
M ay
149% Feb.
150 Mar.
131
M ay
1 3 '% Feb.
37% Mar.
48% Mar.
01% Jan.
122 M ar.
38
F eb .
95 % Jan.
70 Jan.
30
Mar.
1 7 % A p r.
95
Feb.
55 % F eb .
81% Jan.
211
A p r.
46% Jan.
70 Jan.
99 Mar.
12% Jan.
34 Mar.
187% Mar.
50% Feb.
8 4 Jan.
44% A p r.
23% Feb.
45
Feb.
95% A p r.

1
1
27
8
18
20
10
18
28
29
12
22
1
23
27
9
27
0
15
20
22
23
23
9
24
23
23
21
23
20
21
21
29

703
05,933
870
805
4,480
239
30,700
010
7,335
200

380
180

14
20
20
25
28
21
22
18
3
5
28
14
3
4
29
6
23
25
6
0
30
8
18
24
5

8

1,107
28,630
689
1,313
13,250
11
23,750
58,310
14,389
10,921
3,171
150
7
359

273
133%
110%
262
74
035
11%
05 %
33
58%
04 %
78%
40%
23%
39%
0%
133
35
22%
127%
30
30%
1%
39
03

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
M ay
Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
M ay
Jan.
Jan
Feb.
Jan.
Jan.
Jan.

122

398
108
895
04%
71%
03
194
193

100

14%
35
45%
28%
154
53%
33 H
175
55
60%
1%
52%
05

BONDS
B a ltim o r e —C o n clu ’ d.

$118
m s
105
8105

112

2,795

ia iK
107 X
l i 'i " ........
119
104
122
101%

104%
U 8*
112

102
109%
105
108%
109

105

L21
89
84%

W e s tN C c o n 0S.1914 JAJ
W estV aC A P I st6g.’ 11J AJ
W ll A W e ld 5s.. 1935 JAJ

Bonds— P hilad elp h ia

A tl C ity 1st 5s g ..’ 19 MAN
Balls T e r 1st 5s. 19 20 JA D
B B o ro Gas 1st 5s.’ 38M &'
Cam bria Iron 0s. 1917 JAJ
Catawissa M 7s. 1900 F A A
ChesAD C a n ls t5 s .’ 16 JAJ
Ch oo O kla A G p rior lien OsG eneral 5 s . .. .1 9 1 9 JAJ
C it’s’ St R y (I n d )c o u 5 s .’ 3S
Colum St R y 1st c o n 5s.’ 32
Con T r a c o f N J 1st 5s..’ 33
Del A B Bk 1st 7 s .’ 05 FAA
E ast& A I s t M 5s.’ 20 MAN
E dison E le c 5s s t k t r c t f s
E lecA P e o p ’s T r stk tr ctfe
E lm & W ilm 1st Os.’ lO JAJ
In co m e 5 s... .28 0 2 AAO
Eq 111 G as-L I s t g 5 s .l 9 2 8
H e sto n v M A F co n 5 s .’ 24
H A B T o p co n 5s.’ 25 A
Iu tern at N av 0 s . . . . , 1906
K C Sub B 1st 0s..’ 20 JA D
K C P A G 1st 5s..’ 23 AAO
L eh igh N av 4% s. . ’ 14 Q-J
R R 4s g ........... 1914 Q -F
Consol 78....... 1911 JA D
G en M 4 % s g . .1924 Q -F
L e h V C’l l s t 5 s g . ’ 33 JAJ
L eb V a l e x t 4s.. 1948 JAD
2d 7 s...............1910 MAS
C on sol 6s........1923 JA D
A n n u ity 0s...............JA D
N ew ’ k C o n G a s 5s ’ 48 JA D
N ew ark P ass co n 5s.l93G
N o Penn 1st 4s..’ 30 MAN
G en M 7 s ......... 1903 JAJ
P e n n ge n 6s r .. . l 9 1 0 V ai
C onsol 6s c . ., .1 9 0 5 Vai
C onsol 5s r . .. .1919 Vai
P a A N Y Can 7 s ..’ 00 JA D
Cons 5 s . . . . . . 1 9 3 9 AAO
Cons 4 s ......... 1939 AA O
Penn Steel ls t5 s .’ 17 MAN
P e o p le ’ s T r tv certs 4s.’ 43
P erkiom ls ta e r 5 s .’ 18 Q-J
P h ila E le c g o ld tru st ctfs
P h A E r ge n M 5g.’ 20 AAO
G en M 4s g . . 1920 AA O
Ph A R ea d 2d 5s.’33 AAO
C onsol M 7s. .1 9 1 1 J&E
C on M 0s g .. ,1 9 1 1 J&L
E x t Im p M 4s g .’ 47 AAO
C on M o f ’ 82 4s.’ 87 J am
T erm inal 5s g.1941 Q-F
P W i l A B a lt 4s. 1917 AAO
C ollat tru st 4s. 1921 JAJ
P itts C A S tL 7 s .l9 0 0 FA A
Read Co gen 4s, 1997 JAJ
R o ch e ste r R y c o n 5s. 1930
S ch R E S id e lstS s g ’ 35JAD
Scran T ra c 1st 0 s ’ 32M&N
U nion T e rm ’ i 1st 5s.FAA
U nited N J 4 s .. 1944 MAS
U nT racP itts g e n 5 s ’97JAJ
iA n d interest.
♦Price Includes overdue

Feb.
dar.
Mar.
A p r.
A p r.
F eb .
Mar.
M ar.
A p r.
A p r.
A p r.
F eb .
A p r.
M ay
M ar.
A p r.
Feb.
Apr.
A p r.
A p r.
M ar.
A p r.
F eb .
Feb.
A p r.

B id .

[Aak

130
115
110

110
102 %

105%
105
105%

112%

110 %
9 '%
I 20
109
110%
115

99%

114
lU7
99
llo
129%
114
119% 130%
107
118%
112
116
129
118

12i “

124%

100%

100

120

120
134%

...

105
105

120X 121

100”
87%
107
113%

...
8 7%

120
113%

tfl-h t paid.
coupo as.

THE CHRONICLE

May 13. IMy. I

Itxxuestmjetit

Roads.

AMD

921
Latest Gross BarniJtgt.
WeeKorMv

1899.

| 1898.

Jar*, i to Laiezi D ale
18 99.

18 9 8 .

8
6 4 6 ,1 0 3
Ith w k A p r.
5 0 .504
5 7 2 .0 0 2
17 ,374
A p ril* ........
1 7 ,0 9 2
4,0 58
1 0 0 .1 0 9
d a re n . . .
3 4 ,1 9 3
9 5 ,9 4 4
21 4 ,9 4 0
I s tw k M a y
1 1 .440
18 1,95 8
10 7 ,7 1 9 1 ,4 9 9 ,6 6 3 1 ,0 1 7 ,1 4 6
Ith w k A p r.
46 8.24 8
4th w k A p r.
2 7 ,4 2 1
5 2 3 ,9 5 7
97,04'
A p r i l .........
2 6 .3 6 3
1 2 2 .5 2 0
7 2 ,5 4 5
5 ,9 Si
u h w k A p r.
8 8 .2 8 9
T h e f o l l o w i n g t a b l e s h o w s t h e gTOSS e a r n i n g s o f .' e v e r y
I s tw k M a y
5 8 ,6 8 2 1 ,2 5 5 ,4 8 7 3 ,1 1 1 ,3 5 1
189,88.3
I s tw k M a y
15 6,63 1
7 ,6 1 8
ITB a m r a i l r o a d f r o m w h i c h r e g u l a r w e e k l y o r m o n t h l y r e t u r n s
Istw k M a y
63,S47 1 ,1 4 1 ,2 8 7 1 ,1 7 1 ,6 0 6
a n b e o b ta in e d .
T h e fir s t t w o c o lu m n s o f fig u r e s g i v e th e
15 3 ,5 7 6
A p r il........
2 7 ,3 3 0
114,036
g r o s s e a r n in g s f o r t h e la t e s t w e e k o r m o n t h , a n d t h e l a s t t w o
1 ,4 0 5 ,8 9 9 4 ,2 9 9 ,5 1 1 4 ,1 7 1 ,4 4 3
M a rch ----M a rch . ..
81 2 ,2 5 2 4 ,3 3 2 ,9 8 5 3 ,4 8 5 ,3 2 1
o o lu m n s th e e a r n in g s f o r t h e p e r io d fr o m J a n u a r y 1 t o a n d
4 8 ,0 2 8
M arch ___
1 9 ,7 8 1
5 0 ,4 9 8
in c lu d in g s u c h la te s t w e e k o r m o n t h .
A p r il........
2 8 3 ,9 0 9 1.0 15,8 98
9 9 1 ,6 2 2
1
,0
5 2 ,9 9 6 1 .0 3 1 ,2 7 9
A p r i l ........
29 7,989
3 0 .7 9 4
A p r il.____
5 ,5 7 0
2 5 ,9 0 4
5 3 1 ,1 9 2
2 6 ,3 6 7
1 st w kM ay
5 1 2 ,0 8 7
173 654
it h w k A p r .
1 3 ,103
154,695
Latest Gross JZamxngs.
Jan. 1 to Latest Date
R o a d *.
1st w k M iy
4 1 5 ,3 0 5 8 ,0 0 7 ,6 3 3 7 ,6 0 6 .1 3 5
1 9 ,911
A p ril
WesJcorMoi
1899.
3,3 1 3
1 9 .5 9 6
1898.
1898.
1899.
2 8 ,639
A p ril
1 0 .2 9 8
3 4 ,8 9 9
2 4 9 ,3 7 6 5 ,1 1 4 ,4 3 7 4 ,7 1 4 ,4 9 8
I s tw k M a y
8
*
I
M arch ........
B i l r o n d a o k - . •M a rch ____.1
3 1 0 ,9 1 6 1 ,1 66,9 31
16,291
5 1 ,622 ,
8 3 9 ,7 2 7
1 9 ,008
0 4 ,1 1 4
A l* -G t-8 o a th
r th w k A p r .
3 0 ,7 5 2
I s t w k May
1 0 ',1 1 9 2 ,3 5 9 ,7 7
2 ,0 9 8 ,2 2 9
41,670;
57 3 ,7 8 0
5 6 8 ,7 2 0
14 8 .7 1 5
A l* . M id la n d ... M a rch ........
7 0 ,3 3 8
44 ,794
8 2 .0 2
3
F ebru ary .
59,007;
19 7,10 8;
195,947
A la , K . 0 . 4 T e x . Pao. J unc
A p r . 22
8 8 ,5 0 0 1 .4 4 7 ,2 0 0 1 ,3 0 7 ,9 0 0
2 4 1 ,0 0 2
3 d w k A p r.
1 1 ,8 0 5
2 1 4 .5 8 0
1 0 9 ,9 8 li
13 1 ,8 0 5
N O rl. A N . K : A p r il.........
5 1 7,84 7!
4 7 7 ,7 2 6
8 0 3 .6 7 0
■10.459
A la. & V le k sb |A p r i l . . , . . 1 5 0 ,2 7 9 ;
Istw k M a y
4 4 .2 9 8
6 8 5 ,5 2 3
2 4 0 ,5 0 8 !
24 3.58 1
a V le k * .S h .& P. A p ril.
1 5 2 .7 8 7
Ith w k A p r.
55,505,
2 2 5 ,5 9 2
1 1 4 ,0 9 0 1 ,1 2 6 ,2 8 2 1,1 57,:J2 8
2 4 3 ,2 8 8
3
,7
0
t
,6
S
l
1st
w
kM
ay
A lleghan y V ai. M a rch ........! 2 5 4 .5 9 1
15-1,221
2 1 1 .1 8 6
3
,7
2 4 ,1 9 7
0 0 3 ,8 7 9
00 9 ,4 4 5
A n n A r b o r . . . . . . . 1st w kM ay
2 9 ,3 3 0
4 2 7 .0 0 0 8 ,6 49,5 51 8 ,8 4 0 ,8 0 9
2 7 ,4 2 3
1st w k M a y
5 3 7 ,9 1 1
5 5 0 ,5 8 9 '
37
2
,3
7
7
2
0
,
00
'
A r k .M id la n d ... F eb ru a ry .
7,7 4 9
1st
w
kM
ay
1 3 -5 9 S 1
1 8 ,612
4
5
9 ,2 6 2
2 3 .9 2 3
A t c h .T . A S .F e .. M arch . . . . 3,3 6 1 ,8 > 4 3.3t,8.511 9 ,5 4 9 ,9 0 6 ; 9 .2 8 5 ,3 7 9
4 4 7 .0 0 0 9 ,0 2 1 ,9 2 8 9 ,3 0 0 ,0 7 1
I s tw k M a y
121,13'A t l a n t a * C har F eb ru a ry .
179.479; 143,975
Ith
w
k
A
p
r.
13
5,01 2
9,1 5 7
27 8 .3 8 2
357.2-26
A t l.K n o x .A N o . M arch
3 0 543
A p r i l .........
2 8 .9 4 4
31 8 ,8 7 1 1 ,5 9 2 ,0 0 0 1 ,4 0 7 ,9 9 1
8 3 ,6 2 4
7 ->,028
41
0,41
4
A t l a n t a * W, P . M a rch _____
A
p
r
il.........
5
1
6
,9 2 0
57 ,344
4 8 ,190
153,0591
113.764
1 5 3 ,9 9
A tL C T stLineS.C J a n u a ry .
A p r i l .........
159,211
16 2,08 7
151,214
4 2 8 .8 6 5 1 ,8 9 0 ,9 6 " 1, 8 7 ,3 9 5
102,687
1
,4
4
0
A lla n . A D a n v .. U h w k A p r,
13,065
J
a
n
u
a
r
y
...
4 ,3 7 2
11.028;
4 ,3 7 2
19 0,88 0
A u stin A N ’ west F eb ru a ry .
A p r il.........
2 1 .1 *3
3 ,7 7 9 ,2 0 14 ,4 6 5 ,0 0 8 1 4 ,3 2 2 ,4 0 5
0 .0 0 9 ;
n ,9 ir
2 3 ,9 9 6
B alt. A O h io___ M arch
U t w kM ay
2 .3 ; 4.8 99; 2 ,3 35,8 84 6 .ll3 .i'C d 0 .3 1 8 ,0 7 5
5 5 ,7 0 3 1,471,731 1 ,1 9 6 ,3 0 4
56 7 ,8 7 3
M a rch ........
1 5 -.4 8 0
5 1 2 ,5 4 2
B a L A O .S o u 'w . u t w k M a y i 12 1 ,7 7 5 1 3 0 ,0 6 . 2,159,6*4 i 2 .3 5 7 ,8 9 7
B ath A H a m 'n d " F ebru ary
1,631
Ith w k A p r.
2 1 2 .5 9 0 3 ,7 1 4 ,1 7 9 3 ,6 9 9 ,0 2 0
1,021
3.4 9 5
3 454
7 1 ,5 6 5
B lr. A A t la n t ic - A p r i l .........
1,5 55
A p r i l .........
2 .4 4 9
13 .722
7 ,5 1 0
6 4 ,8 1 9
9 311
D ecem b er.
7 3 ,1 5 7
B ro n a w 'k A W ea iiM a roh ___ ,1
4 8 ,4 « 3
4 5 ,8 8 0
146,393
7,711
6 7 ,7 3 0
14 3.58 2
B h K .R o o h A P U ! le t w kM ay
70,411
M a r ch . . . . .
71.875, 1 ,2 *7 ,7 4 3 1 .2 3 4 ,7 2 2
5 1 5 ,5 1 0 1 ,5 1 0 ,0 2 5 1 ,5 3 1 ,1 2 5
B u ff.8 h M .A 0 . W; J a n u a r y .
3 1 .0 1 9
U h w k A p r.
0 1 4 ,6 0 7 7 ,2 0 4 ,9 0 1 7,053,2853 1 ,0 1 9
B u f f a l o * 8 u*q. M arch . . . .
6 0 ,887
31 7 .1 4 8
45.7901
1st w kM ay
1 6 9,42
2 1 .4 3 0
12 2.53 0
2 8 3 ,4 2 7
B ur.O . B a p . * N it h w k A p r .!
9 1 ,8 3 7 : 1CHC03 7 1 ,4 01.7 16 1 .2 79,8 74
7 5 ,258
J a n u a r y ...,
6 2 ,323
6 2 .3 2 3
O an ad laaP scin.- U i w kM ay 5 3 8 .0 0 507,0**
*.433.621 7 ,7 1 1 ,9 1 0 Orog.RR.ANav U h w k A p r.
14 7 ,4 8 2 1 ,9 2 1 ,2 8 0 2,122,-195
O ent-of G e o rg ia l .t w k M a y
8 3 ,402
71 ,653 , 1 ,9 '2 - 8 0 3 1 1 ,8 42.5 81 O reg. 8h. L ine. M a r ch ........
5 0 0 .0 9 4 1,5 6,7 35 1 ,3 8 3 ,5 4 0
P ac. C oa st C o. J a n u a r y ...
C entral N . E . M a rch ........!
6 1 ,3 4 2
9 3 2 .3 9 5
49.700;
37 3 ,6 7 8
3 7 3 ,6 7 8
C entral o f N . J. M arch.
1,2 47,5 00
9 3 0 ,1 7 9 1 ,0 ’ 0 ,6 0 6
M arch........
8 -3 .6 4 3 3 .2 0 7 .7 5 6 2.824*033 P a cific Mail.
36 7 ,6 3 2
C entral P a cln e i F ebruary . l.O l S ^ f’ 1 ,0 02.1 1* 2 ,1 8 0 ,4 3 1 1 2 ,1 1 3 ,9 3 0 P e n n sy lv a n ia ). M arch
5 ,4 3 9 ,3 3 2 15 ,7 0 1 ,9 3 7 1 5 .3 0 6 ,9 3 7
P ro rial hex A R v 1st w k M a y
C h a rleefn A M ai M a rch ........1
83,011
2 7 1 ,8 9 '
13,320
2 0 3 9 1 4 1 2 1 3 ,2 5 0
2 7 1 .3 3 1
8 3 ,5 3 0
8 6 0 ,8 1 9
C fca a 'n A W .C a r. January
7 0 ,7 8 7
7 0 .787 I
2 8 3 ,8 7 3
7 9 0 ,5 1 9
7 2 .0 9 3
7 2 , 98 ! P h lla A E r ie ... M a r s h ....
Phi la. A R e a d ... M a r ch ___
C h a tU n V a 80 . Ith w k A p r.
2 0 .V .9
1 ,7 3 3 ,0 v5 5 ,2 4 4 ,9 8 0 4 ,9 4 8 ,2 4 2
2 ,1 1 8
1.702
2 2 .0 7 3
Ches. * O h io..... ..................
C o a l A Ir. Co M a r ch .......
U tw k M a y
2 1 0 ,4 5 9 2 1 2 .9 1 0 3 ,8 7 1 .0 3 2 3 ,9 9 0 .3 7 5
1,1 94,8 93 0 ,1 6 0 ,2 3 0 4 ,5 8 3 ,7 1 6
C hic. 11nr. A o . M a rch ........ 3.4 2 0 ,6 *1 3 .6 6 7 .6 6 6 9 ,6 40.9 19; 9 .8 5 1 3 3 8
T o t b o th C o's M a rch ........
2 ,9 2 8 ,5 4 8 1 1 ,4 1 1 ,7 9 6 9 ,5 3 1 ,9 5 8
C h lo .A K a a t.Ill l» t w k M ay
8 2 ,1 0 3
8 0 ,4 3 4 1,581.051! 1 ,4 2 4 ,7 2 7 j Phil. W llm . A B M a r c h .___
74 5 ,1 0 7 2 ,1 7 9 ,2 6 3 2 ,0 8 4 ,0 6 3
Uhlo. O t. W est’ ll U t w k M a v
P ltts .C .C .A b tL M a r c h .....
103,585
10 8 ,3 9 0 1,9 98,6 85! 1 .7 8 4 ,4 0 r
1,3 09,2 19 4 ,0 0 7 ,0 3 9 3 ,8 3 7 ,7 6 1
Ohio. Inti. * L . U tw k M u y
14,083
7 3 ,6 4 9 ;
00,199! 1 , 127,90 i 1 .0 10,4 25 P itts.L lsb .A W'n A p r il- ____
3,3 7 7
1 5 ,365
C h ic.M U .A 8t.P . U t w k M ay! 6 7 9 ,8 8 4 ' 6 2 0 ,7 3 0 1 2 ,2 5 4 ^ 3 8 10,878 ,602 Pitts. Res. a L. K U t w kM ay
282,614
3 0 1 ,2 3 9
2 2 ,5 7 0
G h lc-A N 'th w 'n M a rch ------'3 ,1 5 2 ,8 1 2 13,0 5 1 , 8 16 1 8,673,831
Pitts.
AWes’n.
5
4
8
,H
8
4
0
0 ,8 0 3
Ith
w
k
A
p
r.
4
1
,4
9
3
8 ,2 0 0 .2 0 5
C h lo.P eo A S L L A p r i l ........*
P ltte -C L A T o l U h w k A p r.
7 1 ,6 9 1 1
7 2 ,2 1 1
2 1 2 ,7 3 9
2 6 .5 5 3
3 1 9 ,1 3 8
2 7 9 ,4 1 0
2 9 9 .9 0 3
U hlc.B ’ k L A P .. M a r ch ___ 1 .6 63,8 30 1 .6 1 7 ,6 1 4 4,705,27151 1 .7 7 2 ,4 9 9
P itt*. Pa. A P it h w k A p r
10 3 ,7 4 3
9,5 1 8
9 0 ,1 6 8
C aU e.8t.P M .A O M a rch ..... .
T o tn l system l s t w kM av
81 1 .9 7 2 , 6 9 4 .7 9 3 2 .3 4 6 .4 0 0 1 ,8 53,5 44
97 9 ,1 8 2
9 7 7 ,8 4 3
60 ,337
C h lo .T e r.T r.R R I s tw k M a y
28,014;
76 .670
23 ,402 !
409.921
82.372
8 2 ,3 7 2
3 9 6 ,2 4 9 P H t a b .Y o .A A -- J a n u a ry ..’ .
Ohio. A
5 0 ,4 4 6
057,071
S W. M loh 6 !i w l [A‘ p t .
192.917
0 3 ,5 1 4
1 7 7 .* 0 4
4 0 ,037
552,221 i Hlua.Kr'JtsbA: i* M a r c h ....*
K
lo
G
ra
n
d
e
J
o
t
C lioc.O k.«i<iuU j ith w k A p r,
*19.539
4
3
,7
3
0
F
ib
r
ils
ry
*17 ,405
*514,221
2 1 .3 3 5
4 6 ,3 9 0
*485.023
Ctn.O.AFonjB'th A p r i l .
5.300!
4,9fl«[
1 5 5 ,4 2 2
19 ,230
8,2 4 5
1 4 7 ,3 4 3
17,413 R lo G ra n d e aa*c ls t w kM ay
CUl N .O .& T .P A p r i l ......... I 362,244
3 2 0 ,3 0 0 1 ,4 12,2 70 1 ,3 13,4 50 R io G ride W est U t w kM ay
1,0 63,5 01 1 ,0 1 2 .3 0 0
44,001
Uln-Portfl.A Vtx A p r i l .......
T u »o . it i l April
2 N.90€
22,355,
8 8 .2 7 5
3 6 ,7 2 9
9,2 81
3 3 .8 7 6
8 1 .0 * 4
Ctev. Ak* A Col l « t w kM ay
1 8 ,5 5 :
41 0 .4 4 3
17 .940
3 0 2 ,7 5 4
2 0 ,215
4 1 7 ,1 9 5
2 7 8 ,3 0 4 8 t . 3 o » . * G r . L . . 1st w k M sy
CI* t .C » xl A 8 o . 4th wk M ar
I9,6e5(
14,3011
110,101
1 0 4 ,0 4 8
15 8,10 5)
1 5 3 ,3 0 1 81,L .C 'b l.A 8 L P . A p r i l . . . . . .
2 0 ,374
Ca.C!n.Ch.A;6t. l itliw k A iir.l 3 7 7 ,0 3 0
25 ,4 <»
2,0 7 9
2 0 ,2 3 8
3 2 0 ,1 3 4 ; 4,3 79.4 91 4 ,6 1 8 .7 3 6 8S.L. K en ’ e t * S o jA urll
P eo. & Kao F u A p r i l .........
143,357
57 9,13 5
157,847|
l l l , 1 7 u 2 ,4 2 1 ,0 5 9 2 ,3 6 3 ,0 4 5
6 0 7 .2 0 0 B i-L -A S a n F rn n .' stw iiM n y
OT.Lo r, A W heel I at w k M ay
28,851
5 3.2-1;
7 7 ,9 0 0 1,8 50,2 84 1 ,7 9 * ,5 0 9
2 8 ,5 8 9
5 > 2 .7 l " S t-U S o iiO iw e st.! 1 , t w k M „y
OoL. M id la n d . J ,4 p rtj"
1 1 4 /9 8
4 8 2 ,6 0 4
1 2 7,02 if
45 5 ,9 7 3
1 1 8 ,4 9 8
4 3 7 ,9 0 8
5 2 1 ,4 5 0 81. P e a l Ss D a l .. A p r i l .
B an.A nt. & A. P M arcli........
C o lo ra d o a » 6 o .- ith w k A p r.
8 2 ,0 0 0
302,991
1.1 47,5 4
13 2,28
4 2 7 ,568
Coi- H . V'. <fc T ot M a rrh . . .
24 4 ,0 9 2
23 1 ,2 2 3
2 2 8 ,6 4 2
654,841
239*25
6 2 .5 9 0
03 S a n F r a n .A N .P A p ril
GoL 8 * n d ’J «* H u t w k M a r
11.32
205.917
13,-) 71
2 2 6 .3 3 2
257.11 3!
14,750
2 4 7 ,4 8 8 3. F e P re a . A P h . 3u w k A pr.
O ola ** A Cako
M a r ch
$501
1,2 50
9 5 4 ,4 0 0
8 -0 ,9 9 7
2 7 0 ,3 1 3
3 ,6 "0
4 ,6 5 0 S a v .F la -A W est. M arch.
C r y s ta l.
M a r c h .... i
1,2131
105,69-1
1,493)
9 1 ,8 0 2
6 ,1 4 2
3,3 0 9
3 ,8 0 0 8h er.S h rev.A 8 o, 'it h w k A p r
O a m b T d Valley M a rch .......
7 3 , <67
7 0 ,110 ;
18 3,17 7
4 4 ,2 5 5
6 9 ,4 2 8
17 .070
19 4.38 7 SU .S prs.O . A G Mart'll . . .
0JB V , A K lo Ur I m w kM ay
57,531
172.7CHJ
1 8 ,2 4 4
14 1 ,9 0 0 3 ,0 2 1 ,7 3 0 2 ,6 2 0 ,1 9 9 S iou x C. * N or.|Febrttary
3 6 .9 9 8
r3*.2
«4*T'ji;
44C0113 .2
or.*.
D e t-O .lU p .A W U hw k A p r,
35 ,491
9 ,973
8,6 3 6
5
2,000
440,791 8o H a v e n A E. jA p r i l ___
7 ,4 0 7
!
G e t .* M ackinac M a rch ___
6 0 ,656
9 5 .4 5 11
1 0 4 .0 0 )
1 29.55-< 8 o . Psurifle O
D uluth b-rt.AAt Ith w k A p r. I
G a l .l i a r .A 3 .a F e b ru a ry
4 7 ,500
3 9 9 .0 6 2
4 2 4 923
83 5 ,5 4 1
4 9 ,7 8 0
018.495
85 1 ,6 0 1
5 0 1 ,6 0 9
S lg ln J oi.A E a st A p r il.........
L ou is’ *. W est. F e b r u a r y .
1 2 1,37
10 0 ,2 5 1
9 7 ,4 6 7
24 6 ,7 9 5
11 1,51 3
5 0 0 ,2 8
2 0 6 ,5<; 6
5 0 8 ,113
B rie ..................... M arch........ 2,7 66.6 74 1,724.933 7,471,1 -.s 7 .3 3 5 .8 2 0
M orga n’ aL A T . F e b ru a ry . 48 4 .1 8 2
4 9 7 ,5 1 7 1 1 ,1 21.0 77 1 ,0 6 2 ,0 8 6
E ureka S p rin g - M a rch ___ _
N .Y , T . A M e x ,!F ebrn ary
4,647
17,871
2 2 ,4 1 2 !
3 0 ,0 2 3
12,690
5 0 ,3 3 1
1,8 44'.
12,112
B r a n a A h ii'.’ pb. >it w kM ay
T
r l.. F..............
e b ru a ry
5,882
2 ' 8.1 09
- e- x- .- A
- -N. O
- ........
10.3,301
5 .4 0 «!
..
13 7.8'IH 127.924
30 3 .8 5 8
1 0 1 .0 0 9
1 tl
Prtm'fna
rt F eb ru a____
K v a n sv . * T. H I s tw k M a y
2 3 ,1 8 2
41 5 ,9 0 9
A
U .P
r o p ’ tes.n
ry .:1 ,1 6 5 ,4 2 9 T , 19 8.80 7 2 .5 9 ;,4 4 8 2 ,4 8 6 ,7 5 0
2 1 .5 1 7
4 0 5 ,9 7 9
F in d . F t-W A W F ebruary .
15.451
7 .5 0*
S o .P a c .o f Oal. F e b ru a ry i l , 0 4 4 .3 7 3 l .) 0 1 ,6 7 r 2 ,1 8 1 ,7 0 0 1 ,9 3 8 ,4 2 0
5 ,0 8 5 1
11 ,919
F u a t A P .M a r q let w k J Is y
61,594
55 .200 ! 1,114,001
H o .F »o .o fA rts F e b r u a r y . 27 2,23 9) 311,821
53 9 ,4 5 7
6 1 4 ,4 3 6
1 ,0 13,2 83
F la -C e n L A Pen Ithw
_______
kA p r.!
88,313
8o.P a c.o*N .M . F e b ru a ry ) 153.03'
147.341;
30 6 ,1 0 2
80 9,94 5
2 6 8 ,6 1
73,2-59;
8 4 6 ,6 0 3
F t.W 1th A lle n .C Ith w k A p r.
2 6 ,2 6 0
PaotUc system F e b ru a ry . : 2 ,7 3 3 ,1 9 0 2 .8 5 7 ,7 3 8 ! 5 ,6 6 0 .0 5 6 5 ,6 1 9 .2 9 2
23 ,114 )
4 3 0 ,0 7 3
4 12,779
F t .W .A E i o O r u h w k A p r .
12.87C
T o ta l o f a ll.6 M a rch ........J4 .7 2 8 ,7 0 " 1 4 2 1 ,4 9 2 13 ,0 j4 .037 1 2 ,527 ,631
102.441
10,192;
16 2.40 5
B ails. A A t e U t p r i l .
885
2 ,5 3 2
641!
583144
5 3 9 ,D O 7 ,9 1 7 ,1 7 2 7 ,3 9 8 ,1 3 0
2.1 8 5 S ou th ern B y ..-.; U h w k A p r.
G e o rg ia K R .. . . 1 s t wk.Mtiy;
2 6 .9 1 ,
2 ,4 7 6
2.5 61
574,401
25 ,2 3 8 !
1,004
968
5 6 6 .1 0 3 S to n y (.3. A C .M t M a rch ........
G e o r g ia a A la . A p r il.........
80,214
Ith w k A p r.
91 017
38 5,05 0
82,766;
9 2 ,2 9 3
4 ,2 '3
4,021
40 3 ,5 8 9 T e x a s C entra!
G a .C a rT a A No D ecem ber,
1 0 ,5 7 9
89 8 .3 6 5
7 4 ,7 2 6
112,014 2 ,0 6 8 ,0 1 0 2 ,6 7 7 ,5 7 9
1 1 1,74 3
8 8 1 ,0 4 8 T e x a s & P a c ific I s t w k M a y
G eo So. A F la. A p r i l .........
72 ,089
03 ,429
2 9 4 ,8 3 8
4 0 ,2 3 5
6 ,503
6,7 70
4,135
30 0 .0 5 5 T e x -8 . V .* N .W .; D ecem b er.
G t.tfa p . A f o d . Is t w k M a y !
42 ,783
3 5 ,8 4 7
57 7 ,4 5 7
5 9 1 ,0 8 0
3 5 ,0 8
73 6,60 3
3 3 .5 1 0
6 9 6,53 1 T o t-A O h lo C e n t 1st w kM a v
i j m .R A FVW I s t w k M a y
8,3 6 0
159,817
7 ,4 7 2
3 0 0 ,9 7 2
2 0 .0 7 3
15 0,10 9 T o l .P . A W e st.. 14 th w kA pr.
3 0 2 ,2 5 s
2 2 ,429
tra v e r s e C ity .; 1 wk.Mav
824
6 0 9 ,0 4 8
629,561
16,059!
936
3 4 ,1 7 8
13,951 T o L S t -L -A K ,C Istw k M a y
3 9 ,008
M a s.G . K. A i I s tw k M a y
2,411
3 6 ,3 2 8
3 9 ,5 1 9 O nion P a c .R R ., M a rch ____ 1 ,6 3 1 ,7 9 " 1 ,4 3 3 ,5 7 ! 4 ,3 1 2 .7 2 9 4 ,0 3 8 ,1 6 2
2.0 3 2
T o t a U lin es I s tw k M a y
5 4 ,378
99 8 ,8 0 7
40,287,
W
a
b
a
s
h
..,........Is
tw
k
M
a
y
4
,4
10 797
4
.7
9
0
.1
2
4
25
4
,0
4
8
25 6,06 1
9 0 0 ,2 2 0
GT-Trink S yst’ m ; 4th w k A p r. 53 9,93 7; 54 4 ,2 3 2 , 7 ,9 0 9 .0 1 9 7 ,5 5 8 ,2 3 2
W .J ersey A sea ’ e M a rch ____
47 9 ,6 6 4
2 0 4 ,7 '0
45 3, 64
17 0,41 0
C h lc .A G r .T r S d w k A p r .
7 0 ,4 2 9
IV. V.C'en.APttte j M arch . . . .
101,195
1 1 2 .0 9 9
6 5 .694 ! 1,281,503! 1,1 6 2 3 3 *
2 7 4 ,0 0 0
28 0 ,6 *0
D e t .G r .fl,AM ;>„l w k A p r
18.020!
3 8 ,8 3 0
5 2 ,9 7 5
1 7 ,1 6 0
25 4,32 7
26.476
■VestVa.APltts. F eb ru a ry
17 .511
20 3,03 1
G reat N o rth ’ n — '
1 0 7 ,1 2 7
1 6 " , 541
5 2 ,375
Venturi! o f A la M a rch ........
6 9 .1 4 4
SC P . M . A M A p r il......... 1,481.513; 1 ,4 1 8 ,1 4 9
5,280,291! 4 ,9 1 0 ,5 7 5
West. N.Y. A P a l st w k M ay
5 5 ,2 0 0 1 ,0 8 6 ,5 2 6
5 8 .9 0 0
9 7 1 .7 0 5
B a a t o f M inn. A p r i l .........
1 0 5 ,3 2 3
12 0,55 3
4 7 9 ,0 3 2
698,900)
W h e e l.A L .E ri* I s tw k M a y
4 2 1 ,3 9 7
51 1 ,3 6 0
25 ,712
3 2 ,803
5936,84
5
M ontana Cent! April
108,202 18 4 ,7
7
96,974
67 7 ,7 9 5
9 4 ,662 1 ,6 14,0 20 1 ,5 4 5 ,1 1 1
A T soonsln C ent Istw k M a y
T o t-sy ste m A p r i l ......... 1 ,7 5 5 ,0 3 8 1 ,7 2 1 ,4 3 9 6,576,0361 6 ,0 1 0 ,2 3 7
29
,922
8,0
93
1
3
.070
2 4 ,2 3 0
W rightsv.ATeri M a rch ____
G’HB’ m n tA K .O A p r i l .........
2 5 ,231
15,005
87 ,547 :
1 5 ,822
ti, 41 4 ____ ______________________
4 9 .5 8 2
7,4 4 0
F o ra S ou th ern M arch ........
1 6 ,7 3 5
G a ll A C h ica g o M a r ch .......
9,4 43
0,3 60
22,798 !
2 2 ,9 1 8
b In ­
o ln o l u d e s e a rn in g s fro m ferries, e t c , n o t g iv e n se p a ra te ly,
H oos.T n n .A W ll.! D ecem b er
4 ,1 3 7 ;3,3 0054,5071
5 4 ,6 8 9 eludes the P a cific sy ste m , the A tla n t ic p ro p e r tie s an d the H o u s to n A
H o u s.A T e x.C e ii M a r ch ____
3 0 0 ,9 0 0
24 0,33 5
9 2 3 ,2 0 1 1 8 4 1 ,3 2 » T e x a e C en tral system .
Illin o is O n t r a lI A p r i l ......... 12157977 > 2119390 19,170,356 I 8 ,8 5 7 ,2 7 7
* F ig u re s fo r A p ril are fo r the ra ilro a d on ly.
l a d . free, A W e s t; D ecem b er
45,481
4 5 ,3 4 9
4 8 0 ,5 7 1
4 7 7 .3 0 8
1 In clu d e s O h esap sau e A O h io S o 'iv e ste ro . O h io V a lle y a n d C h ica g o
7 3 ,9 3 5
l a d .r u . A I o w a M a r c h ___
93 .039
239,991
25 4 ,7 7 8
and T e x a s fo r b o th years. R esults o n Y a s m B ranoh e x o lu d e d in
lo -A O t.N crth 'n I s t w k M a y
53,521
5 0 ,3 5 7 1 ,2 4 6 .0 0 1 1 .2 70,8 38
1899 b u t in clu d ed In 18 9 8 u n til J u ly 1.
1 M e x ica n ou rre n o y . 5 C o v ­
I fn te ro c. (M ex.) Wk A p r 'l l
6 7 ,3 0 0
0 7 ,8 0 0 1.107,200| 1 ,0 4 9 ,3 5 0 ers re su lts o f lin es d ire c tly o p e ra te d e a st o f P ltsburg.

H a ilro a tl |u te llig c tic c .
R A IL RO AD

EARNINGb.

The returns of the street railways are 'brought together sep­
arately on a subsequent page

..

.

a.. v.

..

__ .

eii'f

Io w a C e n tr a l..
Ir o n R a ilw a y ..
Jack. T . A K
K a n a w ’ a * Mint
K .C .F . S c o t t * M
K -C .M em .A Bir
K an. C. N . W ...
K an. C ity A Om
K . C, P itts. A G
K a n .G 8 n b .B e lt
L . E rie A W e st
L eh igh A H u d ..
L eh igh V al. R R
Leh. V. C oal Co
L e r ’gtonAJEast
L o n g ls ia m lR R
L o n g Is. System
L os A n g. T erm .
L o n ls .E v .A 3 t,L
L o u .H . & 8 t ,L ..
L o u lsr.A N a sh y
M aoon A B irin .
M a n ls tiq u e ___
IM exloa n Cent.
M e x ica n In te r'l.
IJlex. N ation al
M ax. N orthern.
IM exloan R’ w a i
M e x ica n S o .___
M lnneap. A 8t .L
M. 8 t P .A S .9 t.M
M o. K an. A T e x .
M o.P a c.A Iron J i
! C en tral BrioU
T o t a l.............
M obile A Blrtn..
! M obile A O h io .,
| M o n t A M e x .G 'f
1 N a s h X 2 i.A 8 tL
| N evad aC entral
N. Y . G A H . B .
I N. Y . O n t A W .
! N, Y. Snsq. A W
N orfolk * W est
N orth ’n A la .R y .
N o r th e «'n (G a .)
| N o r th 'llO m tr i!
N orth ’ll P acin o
: O h io IG ver.........
| O h io S o u th e rn .

THE CHRONICLE.

922

Latest Uross Earnings by W
eeks.—
Tlielatest w
eeklyearn­
ings in the foregoing are separately summed up as follows :
For the first week of M
ay our preliminary statement
covers 53 roads and shows 6 TO per cent increase in the aggre­
gate over the same week last year.
1*( week o f May.
Ann A r b o r ......... ..................
B alt. & O h io S ou th w est..
B n flalo R ooh . & P ltts b ’g.
C an ad ia n P a o lflo .............
C en tral o f G e o r g ia ...........
C hesa pea ke & O h io .........
Ohlongo .v Bast. Illin ois
C hic. G rea t W estern ........
C h lc.In d la n ’ lls A L oulsv.
o il 1cairn M llw . A 8t. Paul
C h ica g o T erm ’l Tran* ...
O leve. A k ro u & C olu in b.
C lev. L ora in A W heel’ g ..
C ol. S an du sky & H ook ’ g .
D e n v e r * R io G r a n d e ...
E v a n s v . * In d ia n a p olis..
E v a n s v . * T erre H a u te ..
H in t & P ere M arquette..
G e o r g i a ........ .....................
G ran d R apids & Indiana.
Clu. R ioh . & Ft. W ayne
T ra v erse C ity..................
M usk. Gr. Ran. * I n d ..
In te m T & Gt. N ortk’ n . . .
K a n a w h a * M lo h lg a n ...
K an. C ity Plttsb. * G u lf
K a n .C ity S u b . B e l t __ . .
L a k e E rie A W estern.
L ou isv ille E v a n s .* S t .L .
l.o u i. A N a s a ........................
M exican C en tral...... ........
M exican N a tion a l_____ _
M innea polis & St. L ou is.
M o. K a n s a s * T e x a s ........
M o. P a o M o .................... . .
C entral B ra n o h ..............
K. Y . O n tario & W estern
Ohio R iv e r ..........................
P e oria D eo. & E v a n s v ...
P itts. L isb on * W e s tr n ..
P ittsb u rg * W estern ........
R io G rande S o u th e rn ___
R io G ran de W e s te r n ___
Bt. J osep h & G d. Islan d
8 t. L ou is & San F r a n ....
Bt. L o d Ib S ou th w estern .
T e x a s & P a oitlo.. . ...........
T o le d o & O h io C e n t r a l...
T ol. St. L . & K a n . C ity ...
W abash.................................
W estern N. Y . * P e n n ...
W heeling * L a k e E r i e ..
W iscon sin C en tra l___ . . .

1899.
$
2 9 ,3 3 0
12 1,77 5
76 ,411
5 3 8 ,0 0 0
8 3 ,402
21 0 ,4 5 9
82 ,103
103,585
7 3 ,649
67 9.88 4
26,014
18 ,557
28,851
11,321
172,700
5,8 82
2 3 ,162
61.594
2 6 .912
4 2 ,783
8 ,3 6 0
824
2,411
53 ,521
10 ,826
6 3 ,262
1 0 ,364
5 9 .4 3 6
2 9 ,1 1 0
4 4 9 ,7 9 0
2 7 8 ,7 6 5
131,173
4 6 ,777
16 8,95 5
4 3 1 ,0 0 0
16,000
7 8 ,408
2 2 ,1 8 9
1 5 ,5 1 2
1 1 ,2 3 2
5 2 .0 0 0
9,3 1 4
4 7 ,7 0 0
2 5 ,2 2 0
1 2 5 ,0 8 6
8 7 ,900
11 1,74 8
3 3 ,5 1 0
3 4 ,1 7 6
25 6,06 1
5 8 ,9 0 0
3 2 ,803
9 6 .9 7 4

T o ta l (53 r o a d s ) ........ .. 6 ,2 7 5 ,6 3 1
N et in crea se (6 '1 6 p. 0.1,
___

18 9 8 .
$
2 7 ,423
138,061
71 ,875
50 7.00 0
7 1 .653
21 2 ,9 1 0
8 0 .434
10 8 .3 9 6
60 ,199
62 0 ,7 3 0
2 3 .4 0 2
17 ,946
2 8 ,5 8 9
13.971
14 1 ,9 0 0
5,4 6 6
2 1 ,517
5 5 ,2 0 0
2 5 ,238
3 5 ,8 4 7
7,4 7 2
936
2,0 3 2
5 0 ,3 5 7
11 ,440
5 8 ,6 8 2
7,6 18
6 3 .8 4 7
26 .367
4 1 5 ,3 0 5
2 4 9 ,3 7 6
10 5 ,1 1 9
4 4 ,298
15 4,22 1
4 2 7 ,0 0 0
2 0 .000
5 5 ,703
2 1 ,4 2 0
13 ,320
2 2 ,5 7 6
6 6 ,3 3 7
8,2 45
4 4 ,600
2 0 ,215
11 1 ,1 7 6
7 7 ,9 0 0
11 2 ,0 1 4
3 5 .008
3 9 ,0 0 8
25 4,64 8
55 .200
2 5 ,7 1 2
9 4 ;662
4 ,9 6 9 ,5 7 1
...

Increase.

Decrease.
$

SR
1,907

1 6 ,2 8 6
4 .5 3 6
3 1,00C
11 ,749
1,669
13 ,450
59,154
2,612
6 )1
262

2 ,4 5 1
. . . ..
4 ,8 1 1

_
2 ,6 5 0

3 0 ,800
41 6
1,6 4 5
6,394
1,674
6,9 3 6
888
379
3,1 64
4,5 8 0
2,7 46

........

__ ,
112
_______
61 4
........
4 ,4 1 1

2,7 4 3
3 4 ,485
29 .389
26 ,054
2,479
14 .734
4 ,0 0 0
4 ,0 0 0
22 ,705
769
2,1 9 2
1 1 ,3 4 4
1 4 ,3 3 7
1,069
3,1 0 0
5,0 05
13 ,910
10 ,000

___ __
26 6
1 ,4 9 8
4 ,8 3 2

1,4 13
3,7 0 0
7,091
2,3 12
37 3,72 2
3 0 6 ,1 1 0

______

6 7 ,6 1 2

For the fourth week o f April our final statement
oovers 83 roads, and shows 0'99 per cent increase in the
aggregate over the same week last year. There were two
Sundays in the week this year against only one last year.
Athiceek o f A pril.
P re v io u s ly r e p ’d (55 r’ dsi
B urL Ced. R b d . * N orth .
C ha tta n ooga S o u th e r n ...
Ohio. T erm . T ra n s fe r ___
C hioa go & W. M loh lgan ..
Olev. Gin. Ohio. & 8t. L . .
D et. G d . R a p . & W eBtem
D u lu th 8 o. Shore & A t . . .
Ft. W orth * D e n v e r C ity
F t. W orth & R io G ra n d e.
Q ran d R a p id s <feIn d ia n a .
C ln om n a tl R . * F t. W ..
M usk. G r. R ap . * I n d .
K a n , C ity F t. S. & M e m ..
K a n . 0 . M em . & B lr m ___
K a n sas C ity <fc O m a h a . . .
M inn. St. P . & 8. Ste. M ..
M ob ile & B ir m in g h a m ...
N orth ern Paoitlo...............
R io G ran de W estern ........
Sherm an S hrove. <fc S o . ..
T e x a s C e n tra l......... .......
T o led o P eoria A W eat’ n ..
W est N. Y . & P en n ...........

1899.
*
8 ,2 1 9 ,4 4 7
46 ,605
9 1 ,8 3 7
108.074
2,1 18
3 1 ,836
5 0 ,4 4 6
3 7 7 ,0 3 0
3 5 ,491
4 7 ,5 0 0
6 8 ,313
2 6 ,2 6 0
1 2 ,8 7 0
5 4 ,409
9,6 4 1
1,2 0 4
3,0 01
10 0 .1 7 4
2 6 .096
4 ,1 1 4
10 0 ,0 5 3
8,6 8 0
5 8 4 ,4 9 9
9 5 ,3 0 0
6 ,6 6 3
4 ,0 2 2
2 0 ,0 7 3
8 0 ,1 0 0

18 98.
*
8 ,1 19.1 37
3 6 ,6 5 0
109,637
85 ,492
1,7 02
29 ,877
40,637
3 2 6 ,1 3 4
3 8 .973
49 ,788
7 3 ,239
23 ,114
10,192
51 ,562
11 ,327
1,2 10
2,4 17
10 7,71 9
27 ,421
5,961
11 4 ,0 9 0
9,1 57
61 4 ,5 6 7
11 6 ,6 0 0
6,1 42
4,2 53
2 2 ,429
7 6 ,2 0 0

Increase.
$
35 4.80 6
|9,955
22,582
41 6
1,959
9,8 0 9
5 0 ,8 9 6

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

3 ,4 8 2
2,2 8 8
4 ,9 2 6
3,1 46
2,678
2,8 47

7 ,5 4 5
1 ,3 2 5
1 ,8 4 7
1 4 ,0 3 7
477
3 0 ,0 6 8
2 1 ,3 0 0

521
. I
3,9 0 0

- g r o s s E a r n in g s .1899.
1898.

23 1
2 ,3 5 6

N et Earnings.-—

1899.
k
Ronds.
9 5 ,5 0 9
2 6 5 ,3 0 3
2 8 9 ,8 4 3
Ohio. I n d . & L o u is .a .M a r.
7 0 6 ,1 2 6
1 9 7 ,1 7 5
7 0 1 ,1 4 0
J a n . 1 t o M ar. 3 1 ___
7 8 0 ,8 1 4
J u ly 1 to M ar. 3 1 . . . . 2 ,5 4 4 ,4 3 8 2 ,4 8 9 ,4 8 9
6 2 ,0 4 0
9 5 ,6 2 0
C hlo.T orm . T ra n sf.b .M a r.
9 7 ,8 7 3
17 5 ,3 0 3
2 7 7 ,9 0 3
J a n . I t o M ar. 3 1 . . . .
2 8 0 ,5 0 0
J u ly 1 t o M ar. 3 1 ___
5
4
4 ,0 7 2
8 2 8 ,7 4 3
8 8 4 ,3 6 6
3 7 ,0 0 1
O h ootaw O kl. A G.to .M ar,
1 3 1 ,7 3 7
1 1 4 ,5 6 8
1 4 9 ,0 6 6
J a n . 1 t o M ar. 3 1 . . . .
4 1 1 ,3 4 3
4 2 7 ,0 1 5
3 4 9 ,4 1 9
7 2 9 ,5 4 6
N o v . 1 t o M ar. 3 1 . . . .
8 5 8 ,1 0 6
3 3 7 ,3 5 6
O le v .C ln .C .* 8t. L .a .M ar. 1 ,1 9 2 ,1 2 3 1 ,1 9 1 ,6 7 9
J a n . 1 t o M ar. 3 1 . . . . 3 ,2 1 6 ,6 8 8 3 ,3 5 1 ,9 7 1
8 2 7 ,9 4 8
J u ly 1 to M ar. 3 1 . . . , 1 0 ,9 9 9 ;P 3 6 1 0 ,7 7 2 ,8 1 2 3 ,0 9 2 ,1 1 1
4 3 ,5 8 5
P e o r ia A E a s t ’ n a .M a r .
1 5 3 ,5 9 5
1 4 5 .3 3 5
J a n . 1 to M ar. 3 1 . . . .
1 1 3 ,2 0 8
4 4 9 ,4 1 9
4 3 5 ,7 7 8
3 4 1 ,1 6 6
1 .4 1 4 ,9 8 4 1 ,4 0 1 ,7 1 9
J u ly l t o M ar. 31 —
*3 ,5 4 3
C o lo ra d o M id la n d . -M ar. *1 0 2 ,1 4 3
13 0 ,9 8 8
1 5 ,4 0 4
3 4 1 ,2 7 5
J a n . 1 t o M ar. 3 1 . . . .
3 9 4 ,4 2 8
1 9 6 ,6 6 5
J u ly 1 to M ar. 3 1 ___ 1 ,2 1 7 ,0 5 4 1 ,3 5 6 ,6 5 5
G r’ d R a p . G a s-L .C o . A p r.
1 1 ,4 6 3
J a n . 1 to A p r . 3 0 . . . .
5 0 ,6 4 8
4 2 9 ,3 6 7
1 3 9 .8 0 8
4 5 1 ,9 4 5
K an. C. F t. 8. A M .a .J la r,
J a n . 1 t o M a r. 3 1 ___ 1 ,1 6 3 ,6 5 3 1 .2 7 7 ,3 4 0
3 5 6 ,9 6 0
J u ly 1 t o MaT. 3 1 ___ 3 ,6 1 0 ,4 1 6 3 ,9 2 3 ,2 6 5 1 ,1 2 7 .3 4 3
3 3 ,5 2 7
1 4 3 ,4 9 1
1 2 7 ,3 4 3
K a n . C. M e m .* B .a .M a r .
1 1 1 ,2 6 4
3 7 1 ,6 6 1
4 2 0 ,6 2 8
J a n . 1 t o M ar. 3 1 ___
2 9 8 ,3 1 3
J u ly 1 t o M ar. 3 1 . . . . 1 ,0 3 0 ,0 6 6 1 ,0 5 2 ,9 0 0
L e h ig h & H u d s o n .to —
1 1 2 ,9 4 2
5 7 ,9 3 7
7 8 ,8 3 6
J a n . 1 t o M a r. 3 1 ___.
M an h atta n R y .—
1
,0
1
4 ,5 9 1
2
,3
4
2
,7
1
4
2 ,4 2 9 ,3 0 1
J a n . 1 to M ar. 3 1 ..
C 3 1 3 .6 4 0
5 3 6 ,3 4 2
6 1 8 ,0 2 7
M e x lo a n N a t io n a l..M a r .
C 820 .038
J a n . 1 t o M ar. 3 1 . . . . 1 ,6 9 5 ,3 3 3 1 ,5 3 2 ,5 4 4
1 0 ,4 8 6
3 1 ,0 3 8
3 1 ,1 7 1
M ob ile & B irm ’ g b ’m .M a r.
2 6 ,4 0 0
9 2 ,1 6 9
1 0 7 ,9 5 4
J a n . 1 t o M ar. 3 1 . . . .
6 6 ,1 7 2
2 8 6 ,2 1 6
2 9 9 ,8 3 3
J u ly 1 t o M ar. 3 1 ___
N ew b . D u to h e ss & C on n .—
3,4 3 8
2 8 ,0 4 0
J a n . l t o M ar. 3 1 . . . .
3 1 .5 8 6
N. Y . C hic. & 8 t. L.to—
3 1 2 ,0 9 1
J a n . 1 t o M a r .3 1 ._ „ 1 ,6 3 3 ,3 6 6 1 ,5 6 9 ,3 5 8
N . Y . N. H . & H a rtfo r d , b —
J a n . 1 to M ar. 3 1 ___ 8 ,2 6 7 ,5 1 1 6 ,7 7 1 ,0 2 9 2 ,4 4 5 ,0 7 4
N. Y . & R o o k . B e a c h —
1 4 ,4 1 2 d e f.1 5 ,4 4 0
1 3 ,1 1 3
J a n . 1 t o M ar. 3 1 ___
2 8 3 ,8 7 3
9 6 ,0 4 4
3 3 7 ,4 7 3
P hlla. & E r l e .b ......... M ar.
7 9 0 .5 1 9
1 3 3 .3 3 0
8 6 0 ,8 1 9
J a n . 1 t o M ar. 3 1 ___
P ro s p . P k .& C o n e y I s l.—
1 1 ,1 6 3 d e f.1 0 ,9 0 3
7 ,1 2 2
J a n . 1 t o M ar. 3 1 ___
3 2 .5 2 0
6 3 ,5 1 4
7 3 ,1 8 0
Rich. F re d . & P o t ...M a r .
1 9 2 ,9 2 7
1 7 7 ,8 0 4
8 3 .5 2 1
J a n . 1 t o M ar. 3 1 . . . .
5 0 3 ,4 4 2
2 3 2 ,8 0 6
6 0 9 ,0 1 3
J u ly 1 t o M ar. 3 1 ___
5 ,8 0 8
Bt. J o s e p h G a s L . C o .A p r .
2 4 ,2 0 9
J a n . 1 t o A p r. 3 0 ___
5 8 ,5 8 7
J u ly 1 t o A p r . 3 0 ___
2 7 6 ,3 4 3
8 8 ,3 1 9
3 5 0 ,7 3 1
sa v . F la . A W e s t .b .M a r .
1 8 5 ,7 5 4
8 8 0 ,9 9 7
9 5 4 .4 0 0
J a n . 1 t o M ar. 3 1 . . . .
7 0 2 ,4 3 0
J u ly 1 t o M ar. 3 1 ----- 3 ,0 0 8 ,2 5 5 2 ,5 8 2 ,6 4 9
S ta te o Isl. R a p . Tr.to—
1 4 6 ,1 0 6
1 5 7 ,7 7 8
4 4 ,7 3 2
J a n . 1 t o M ar. 3 1 ___
W estern G a s C o.—
3 8 ,2 6 6
M ilw ’ k e e G a s -L . Co. A p r.
1 6 9 ,7 3 6
J a n . 1 t o A p r. 3 0 . . . .
2 ,4 3 0
2 6 ,4 7 8
1 7 ,5 1 1
W. V a . & P itts b ’ g .t o .F e b .
5 ,2 2 0
5 2 ,9 7 5
3 8 ,8 3 0
J a n . 1 t o F e b . 2 8 ___
8 8 ,9 6 1
2 6 1 ,8 3 2
2 3 5 ,3 8 9
J u ly 1 t o F e b . 2 8 —

1898.
S
7 6 ,4 8 3
1 5 5 .9 6 5
7 1 2 ,7 5 7
6 5 ,1 9 7
1 8 6 ,3 0 5
5 5 8 ,5 6 1
4 6 ,2 5 3
1 5 8 .3 4 2
2 9 6 ,3 5 0
3 0 6 ,8 2 0
8 3 7 ,0 4 5
2 ,5 3 4 ,4 3 0
4 0 ,8 0 9
1 2 9 ,5 7 4
3 7 2 ,9 5 2
1 1 .7 7 9
5 6 ,9 0 7
2 8 9 ,3 4 8
9 ,3 9 3
4 4 ,8 3 7
1 4 4 ,0 8 9
3 9 5 ,1 5 9
1 ,2 2 9 ,4 4 1
4 0 ,9 4 4
1 3 5 ,6 0 4
3 0 9 ,2 5 4
3 1 ,2 2 2
1 ,0 6 7 ,7 5 6
C 247 .9 6 2
C 706 .8 3 5
6 .8 7 1
3 5 ,3 8 0
6 3 ,8 5 3
6 ,9 0 4
2 5 5 ,8 3 8
1 ,8 0 9 ,3 9 7
d e f.9 ,8 5 3
7 3 ,0 4 4
1 2 7 ,0 3 0
d e f.4 ,9 0 3
2 6 ,1 9 2
7 4 ,3 0 9
2 0 4 ,2 2 6
4 ,8 5 9
1 9 ,5 2 3
4 9 ,9 3 9
5 1 ,3 7 5
2 0 0 ,9 4 9
6 3 8 ,9 6 4
6 4 ,1 0 2
3 4 ,6 3 4
1 6 6 ,4 7 6
1 2 ,9 5 4
2 4 ,8 6 1
1 2 9 ,8 0 7

a N e t e a rn in g s b e r e g iv e n a r e a f t e r d e d u ctin g t a x e s ,
b N e t e a rn in g s b e r e g iv e n a re b e f o r e d e d u c t in g t a x e s ,
c D e d u c tin g o th e r e x p e n d itu r e s f o r r e p a irs , r e p la ce m e n ts an d g e n e ra l
e x p e n s e s , n e t In co m e a p p lic a b le t o in te re st o n b o n d s In M a rob w a s
$ 1 6 9 ,3 6 0 , a g a in st $ 1 0 1 ,7 2 8 la st y e a r , an d fr o m J a n u a ry 1 t o M aroh
31 $ 4 1 0 ,5 3 8 , a g a in s t $ 2 8 4 ,1 8 5 .
T h is Is th e r e s u lt In M e x lo a n
d olla rs tre a te d (a o o o rd in g t o th e c o m p a n y ’ s m e th o d o f k e e p in g Its
a o co u n ts ) as e q u iv a le n t t o 8 0 o e n ts in U n ite d 8 ta te s m o n e y —th a t is,
d e p r e c ' atlon b e y o n d 2 0 p e r o e n t b a s a lr e a d y beep a llo w e d f o r
* D e cre a se d u e t o s n o w b lo c k a d e a ll t h e m o n t h ; n o th r o u g h tra in s
w e s t o f L e a d v ille .

Interest Charges and SnrpluB.—The follow ing roads, in
addition to their gross and net earnings given in the fore­
going, also report oharges for interest, &o., with the surplus
or deficit above or below those oharges
- In t., rentals, tie.

1 ,6 8 6
6
584
-

[V ol. LXYII1.

Roads.
C h oc. O kla, & G u lf. .M ar.
N o v . 1 t o M ar. 3 1 . . .
Olev. C in. Ch. * St. L .M ar.
J u ly l t o M ar. 3 1 . . . .
P e o ria * E a ste r n .M a r .
J u ly l t o M ar. 3 1 . . . .
K an . C. F t. 8. * M ,..M a r ,
J u ly l t o M ar. 3 1 . . . .
K an . O. M em . * B ir.M a r.
J u ly 1 t o M ar. 3 1 . . . .

18 9 9 .
18 9 8 .
$
$
2 1 ,5 0 0
20,000
1 0 7 .5 0 0
9 8 ,0 0 0
2 4 5 ,6 0 6
2 4 7 .9 4 7
2 ,1 7 9 ,1 6 2 2 ,1 7 8 ,0 4 4
3 6 ,8 0 2
3 6 ,7 7 0
3 3 1 ,2 1 5
3 3 0 ,9 6 7
1 2 2 ,1 6 5
11 6,46 9
1 ,0 4 6 ,8 0 2 1 ,0 5 9 ,3 7 3
1 6 ,8 4 1
1 6 ,8 4 1
1 4 4 ,4 0 3
1 4 4 ,7 0 4

- S a l. o f Net E a r n s .-,
1899.
$

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

1898.
$
2 6 ,2 5 3
1 9 8 ,3 5 0
6 1 ,2 1 4
3 5 6 ,3 8 6
4 ,0 0 7
4 1 ,7 3 7
2 1 ,9 2 4
1 7 0 ,0 1 8
2 4 ,1 0 3
1 6 4 ,8 5 1

STREET RAILWAYS AND TRACTION COMPANIES.
The
following table shows the gross earnings for the latest
T ota l (82 r o a d s ). . . . . . . . 10 ,2 1 5 ,8 5 6 10 ,1 1 5 ,6 2 7
46 4 ,0 9 9
3 6 3 ,8 7 0
period of all s t r e e t railways from which we are able to ob­
100,229
N et in crea se (0 99 p .o.L..
tain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads—that is, the
Net Earnings Monthly to Latest Dates.—The table fo llo w ­ first two columns of figures give the gross earnings for the
ing shows the gross and net earnings o f Steam railroads latest week or month, and the last two columns the earnings
reported this week. A full detailed statement, including all for the calendar year from January 1 to and including such
roads from which monthly returns can b
eobtained, is given latest week or month.
once a month in these column , and the latest statement ot
S T R E E T R A I L W A Y S A N D T R A C T IO N C O M P A N IE S .
this bind will be found in the Chronicle of April 23,
J a n .l to Latest Dale.
1899. The next will appear in the issue of May 20, 1899.
Latest Gross E arnings.
-Gross Earnings,
Roads.

18 9 9 .

B alt. & O hio 8 o u tlib ..J a n .
J u ly 1 t o J a n . 3 1 . . . .
B o ston & A lb a n y , b —
J a n . 1 to M ar. 3 1 . . . . 2 ,1 3 9 .5 4 9
B o ston & M aine to—
J a n . 1 t o M ar. 3 1 ___ 4 ,2 8 6 ,2 0 7

■ Net E arn ing s .— —

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

1 ,1 8 9 ,3 0 8

1 ,1 0 7 ,3 3 3

G k o ss
E a r n in g s .

A kron B e d f d & C lev.
A lb a n y R a ilw a y .........
A m sterd am St. R y . . .
A tlanta R a ilw a y ........
B altim ore C on. R y ,* ...
B a y C ities C o n s o l___

Week or Mo

1899.

5?891
M aroh ........
M a roh ........ 5 4 ,0 7 0
F ebru ary.
4,0 6 0
J a n u a r y ...
6,571
F e b ru a ry . 14 2,69 0
7 ,5 1 0
M a r ch ........

18 98.

18 9 9 .

1898,

$
6 ,^ 56
5 0 .9 5 1
3 ,6 4 5
6,2 21
152,424
6.5 2 6

15 ,919
1 5 6 ,5 4 6
8,5 31
6,5 7 1
3 2 3 ,2 6 6
2 1 .3 6 3

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

THE CHRONICLE.

H ay 13, 1899.]
L a u si Gross jsarm nv*
Week or Mo

18 99

1898.
8
1 1 ,3 3 6
2 5 ,901
2 6 ,7 3 0

J an. 1 to Latest P a u - 1
18 99
3
3 2 ,028
100,2-27
74.S5S

1898
9
3 3 ,3 8 4
1 0 0 ,3 1 3
7 1 ,1 9 4

B in g h a m to n 8 t. R y .. . M a rch ____ _ 1 1 ,635
B rid g e p o rt T ra ctio n . A p r i l ......... 2 7 ,207
B ro ck to n C on. S t. B y M a roh ........ 2 8 ,1 6 6
B rik ly n R ap . T r. C o.—
B r o o k ly n H e ig h ts .. A p r i l -------- 5 0 8 ,6 4 4 47 0 ,6 3 1
B r o o k ly n E l e v .i ___ A p r i l .......... 18 0 ,9 7 7 1 2 0 ,9 2 5
N a ssa u E le o trlo ----- A p r i l ......... 17 4,71 1 16 6 ,7 9 7
5 7 5 ,9 4 5 ! 5 8 5 ,7 3 9
T o t a l........................ A p r i l ......... 8 6 4 ,3 8 2 7 5 3 ,3 5 3
7,2 11
Ctn. & M iam i V al___ M a rch ........
9,7 0 6
1 9 ,1 4 7
2 5 ,5 6 8
C ltlz 'n s’ (M 'a cie .In d .) M a rch ........
6 ,4 2 4
5,5 1 5
1 6 ,2 2 3
1 8 ,7 *1
1,5 42
1 ,5 6 9
C ity E lec. (R om e.G a.) M a rch ........
4 .6 5 3
4 ,7 0 3
C lev ela n d E le c t r ic ... M a rch ........ 1 5 0 ,2 1 6 14 1,68 3
4 0 7 .3 7 6
4 2 5 ,7 9 6
C leve. P ain sv. A E .
6,801
5,9 2 5
M a rch ------1 9 ,460
1 6 ,7 9 e
C olum bus St. R y. (O.) M a rch ------- 5 7 ,2 9 5 5 2 ,279
1 5 4 .7 2 0
16 7 ,9 8 5
D e n v e r C on. T ram w .. F e b r u a r y . 5 6 ,2 2 8 5 1 ,1 2 9
12 0,24 2
1 0 7 ,6 0 2
D e tro it C iti’ ns' 8t. R y I s t w k M a y 2 4 ,7 1 5 2 0 ,2 2 7
7 ,2 2 0
D etroit E le c. R y ........ I s t w k M a y
8,001
D e tro it f t . W a y n e <i
B elle I s le .................. I s t w k M a y
3,3 3 5
4,0 1 7
D u ln th S t. R y ______ M a rch ........ 1 6 ,0 0 6 14,690
4 1 ,9 U
4 3 .7 3 3
G a lv e sto n C ity B y . .. F e b r u a r y . 1 5 ,920
3 4 ,9 0 6
H a rrisb u rg T ra ction . M a rch ........ 2 1 ,6 8 9 18 ,457
5 4 ,2 7 2
5 9 .667 !
H e rk im e r M o h a w k li
Ion a P 'k fort E l. Ry. M a roh ........
3 .5 7 9
3 ,7 4 1
9,6 41
1 0 .067
H o n sto n E le c .S t. Ry. M aroh........ 16 ,479
7,471
3 8 ,1 5 8
4 7 ,9 8 5
In te rsta te C o n sol, ol
N orth A tt le b o r o ___ M a rch ........ 1 1 ,1 1 9 1 0 .298
2 7 ,8 0 2
3 0 ,591
3,7 77
K in g ston C ity B y ,___ M a r ch ........
4 ,0 6 6
1 1 ,4 4 9
1 2 .0 4 4
L ehigh T r a c t i o n .. .... 1M a rch ___ _
7 ,2 0 5
8,209'
23.53C
2 3 ,5 0 2
U r n s R a ilw a y (O hio) M a rch ........
2,77 7
3 ,6 1 0
8,4 4 2
1 0 ,353
.London S t R y .(O a n .) M a rch ........
7,7 8 7
8.911
2 4 .406
2 2 .1 5 0
L o ra in S t R a ilw a y .. J a n u a r y ...
3,961
6 ,7 6 0
3.961
6 ,7 6 0
L o ra in A C le v e ........... M a r c h .. . . .
3.9 63
5.5 73
1 0 .5 8 4
15 ,361
L o s A n g e le s T r a c t ... ‘ a u u a r y ... 1 2 ,043
7 ,8 2 7
1 2 ,9 4 3 j
7 ,8 2 7
L o w e ll L a w A H a v „ M a r c h ..... 34 ,041 3 1 .9 4 3
9 4 .3 8 5
88.121
M tlw . E lse. R y . A L t M a r ch ........ 15 8,13 2 138.078
3 9 5 ,8 4 1
4 5 2 ,1 8 3
M on trea l S treet B y ... M a rch ........ 123,754 114.677
3 2 7 ,4 5 9
3U2.86S
M u sca tin e S t R y . . . . . M a rcli........
4,721
4,2 95
1 4 ,536
13 ,515
N a sh v ille S t R y ......... F e b r u a r y . 2 4 .742
54 .762
N e w b o r g S t B y ....... M a r c h .....
5 .1 1 6
5.4 69
'i i , 7 1 6
1 3 .733
N ew L o n d o n St. R y . M a rch ........
2,7 7 4
2.0 09
8,2 6 5
8 ,3 2 5
S e w O rle a n s T ra otlor M a r c h ........ 11-2,426 112,808
3 3 2 ,3 7 5
3 2 9 .6 6 c
N orth C h ic. S t K y ... F e b r u a r y . 20 3,18 6 205,435
4 3 0 ,8 5 7
4 2 7 ,7 0 6
N orth S h o re T ra etloc F e b r u a r y . 8 6 .4 4 4 8 3 ,857
182,721
190.747
O g d e n s b n r g S t K y ... M a r c h ........
1 ,3 6 0
1,183
3 ,0 0 2
3 .6 3 7
Paterson
M a r o h . . . . . 2 9 ,7 7 8 2 6 ,6 2 0
7 0 ,2 2 3
8 2 .0 0 2
R ich m o n d T r a c t io n ., ( M a r c h ..... 11.445
9 "7 8 (
.i o x b ’ b C h.H . A Korin M a r c h . . . . .
8 ,8 6 0
6 .9 5 9
1 7 ,1 4 8
'17*084
ech a y lM U Val. T rso M a rch ........
4 ,4 5 9
4,564
1 1 ,6 2 4
13 ,349
S cra n to n A C arbon d'r F e b ru a ry .
1,846
2 .4 4 )
5,3 3 2
4.331
S ota n ton A P itts ton F e b r u a r y .
4 .1 0 3
3 ,0 4 4
7,2 80
8 ,8 9 1
S cra n ton R a ilw a y ..., M a rch ........ 3 2 ,0 7 0 292523
8 6 .8 6 0
87.287
S ta ten Is la n d E le c .. M a rch ___ _ 1 2 ,3 5 . 1 2 ,7 5 2
3 3 ,8 4 6 ,
3 5 ,6 7 3
S y ra cu se R ap, T r. Ry. M a rch ........ 4 2 ,424 3 6 ,6 6 2
12 0,64 8
1 0 8 .5 2 0
T o ro n to B y . . . .
A p r i l . . . . . . 9 5 ,2 1 2 3 8 ,899 ! 3 8 5 ,9 9 7
3 4 8 .1 8 2
T w in City R ap. T ran M a rch ........ 192,614 170,344
56 0 ,4 5 3
4 8 7 ,4 1 9
U n ion (N . B e d fo r d ).. i t a r c h . . . . .
16,121 1 3 ,430
4 2 ,4 3 4
45 ,726
U nited T r a c t (Pitta.) M a r ch ........ 1 2 7 ,2 9 5 119.089
U nited T r a c t (P r o v ., F e b r u a r y . 124,007 1 1 0 ,6 *8
2 7 0 ,7 9 0 1 2 5 5 ,2 5 6
U n it T ra c. (R ead lngi (A p r il____ _ 15,518 1 4 ,0 2 9
5 4 ,4 7 8 '
5 0 .7 8 1
W aketietd A S to n e ... M aroh ........
3 ,6 2 9
9,0 5 9
3 ,0 7 c
1 0 .3 1 0
W aterbn ry T ra ction . F e b ru a ry . 20,079 2 0 .142
4 3 .2 0 2
4 2 .377
West C h ica g o St. R y I s t w k M a y 8 1 ,7 6 8 7 5 ,3 6 2 1 ,3 4 5 ,6 3 0 1,279.597
W ilke* A W y. V a t . - . F eb ru a ry . 31,851 3 6 ,3 5 1
7 2 ,5 6 7
76.7C 7
• In e ln d e * B a ltim ore Traction and City A S u b u rb a n for both y ear*.
I T h o se ttguros in c lu d e resu lts on B ridge D iv is io n .

Street Railway Net Earnings,

—The following table give*
the returns of 8 trekt railway gross and netearnings received
week. In reporting these net earnings for thestreet rail
we adopt the same plan as that for the steam road?—
la, we print each week all the returns received that
but once a month (on the third or the fourth Saturday)
we bring together all the roads furnishing returns, and the
latest statement o f this kind will be found in the C h bonicl e

this
ways,
that
week,

of April 31, 1899,
May 20, 1899.

The next will appear In the Issue of

-— Gross g a m in g s .— * ------ Hei g a m in g s . ----1399
1899.
1H93
13 9 8 .
Road*.
a
*
%
*
B rid g e p o rt T ra ct’ n . Apr.
2 7 /2 0 ?
2 5 ,9 0 1
11,284)
10 411
Jan, l to A p r 3 0
1 0 0 ,3 1 3
1 0 0 ,2 1 7
3 5 ,8 6 2
3 *.1 2 4
J u ly t to A p r. 3 0 ___
2 9 0 ,7 6 5
1 2 1 ,6 9 8
2 7 3 ,9 1 8
1 2 4 .1 9 7
B u ffa lo k L ook p o r t —
J a n , 1 to M ar. 3 1 . . . . .
1 7 ,7 6 7
2,3 8 5
B aft. A N iuean* F. E le c .—
J a n , 1 to M ar, 3 1 , . . .
2 3 ,3 9 0
2 2 ,4 0 2
2.4 53
5,1 0 8
B u ffalo H a llw a y b —
Jun. 1 to M a r.3 1 .......
3 2 5 ,9 9 9
3272220
15 6,50 1
1 5 9 ,7 4 1
C rosstow n 8 t. R y . (B u ffalo) b —
J a n . 1 to M ar. 3 1 ____
125,087
11 2 .1 6 0
4 8 ,3 0 3
3 5 ,1 6 5
S t a g . F. A 80 s. B r i d g e J a n . 1 to M a r 3 1 ........
1 5 ,530
1 3 ,602
7 ,3 0 8
4.9 9 9
£ o a th e m B o o l. (N .Y .i.b —
J a n . 1 to M ar. 3 1 . . . .
7 ,1 0 4
9,1 5 3
d ef.7 6 6
3 ,2 6 5
T h ird A v e . H R . (N. Y .) b —
J a n . 1 to M ar. 3 1 . . . .
4 9 2 ,7 7 5
5 8 4 .6 1 0
19 0 ,4 1 1
19 9 ,5 3 8
U n ion S t. R y . (N .Y .) b —
J a n . 1 t o M ar 3 1 . . . .
12 4,85 8
13 3 ,0 7 6
9 ,9 2 7
2 2 .2 3 1
W estch ester E le c tr ic b —
J a n . 1 t o M ar. 3 1 . . . .
2 5 ,531
2 5 ,3 6 0 d e f.7 ,7 2 2
4.1 53
Y o n k e rs R R .—1>
J a n . 1 to M a r . 3 1 . . . .
2 7 .5 9 4
2 4 ,367
1,10 1
3 ,9 6 6

ANNUAL REPORTS.

Anneal Reports.—The following is an index to all annuel
reports of steam railroads, street railways and miscellaneons
oompanies which have been published since the last editions
of the Investors’ and S
R a i l w a y S upplem ents .
This index does not Inelnde reports In to-day’s Ch r o n ic le .
treet

923
R a il ro ad s <fc i f is C o ’s.— {Oon.)

R a i l r o a d s a n d Mj s c . C o ' s —

V olu m e 6 8 —
) American Tobacco

P a g e.

- ...........-. ♦
Erie Telesph & Telephone...869,
Flint & Fere Marquette................
General Electric..........................

Indianapolis Breweries..............

Lake Shore * Mich. Southern...
Mexican Central...................... 868,

820
878
810
820

V olum e 6 8 —
Michigan Central.........................

Page
b60

St r e e t R a il w a y s

Cb icago Consolidated Traction..
Columbus Street R y.......................
760 Louisville (Ky.) St. R y ...............
StfS Twin City (Minneapolis, Minn.)
Rapid t r a n s i t ....................... 376,
874

760
326
378
622-

New York Chicago A St. Louis Railroad.
( Report fo r the year ending Dec. 31, 1S9S.J
The report says in substance :
General Results.—The gross earnings for the year were$6,391,431, being an increase of $576,204 over those of the
preceding year. The operating expenses, including taxes
and rental of terminals, for the year were $5,419,528, being
an increase of $628,204; the result being a decrease in net
earnings of $52,000, or 5-23 per cent. This unfavorable out­
come reflects the prevalence of abnor nally low rates and
more than usually keen competition in the classes of busi­
ness upon which this company is obliged to rely for its earnings. There has, however, been a great improvement in the
matter of rates since the period covered by this report, and
the present conditions and future prospects for business are
now much more encouraging. AU expenditures during the
year for additions to the property have been included in ex­
penses, no charges having been made against construction
or equipment.
Physical Condition.—As to the physical condition, thefollowing is given :
T h e le n g th o f b rid g e s o n D eo, 3 1 . 1 8 9 8 , w a s: Ir o n , 3 m ile s , 4,1 1 7
fe e t; w o o d e n , 4 m ile s , 2 ,5 6 5 feet,- in c r e a s e f o r tile y e a r in le n g th o f
iro n b rid g e s , 2 ,10 1 f e e t ; d e cr e a s e in le n g th o f w o o d e n b rid ge s ,
2 ,2 5 2 fe e t. Tin: d e cr e a s e in le n g th o f w o o d e n b r id g e s is p r in c ip a lly
cau sed b y the su b stitu tio n o f ste e l stru ctu re s fo r w o o d e n trestles.
D u rin g th e y e a r 4 9 1 6 m iles o f tra ck -were b a lla ste d w ith g ra v e l. 1 0 -0 2
w ith c in d e rs and -39 w it h o th e r m a te ria l: 2 0 5 .5 7 2 c ro s s ties w e r e re­
n ew ed . » n d 7 .2 4 2 to n s o f n e w 6 5 -p o u n d s te e l r a ils ( 6 8 >d m iles) w e re
la id , w ith n ew Join t fa ste n in g s.
T h e c o n d itio n o f th e e n g in e an d c a r e q u ip m e n t has b een w e ll m a in ­
tain ed . T h ere w ere e x p e n d e d In re p a irs t o e n g in e s 8 1 6 8 ,0 6 5 , a n d in
re p a irs to fr e ig h t c a r s # 2 4 4 ,4 5 3 . N o a d d itio n s w e re m ad e to th e
e q u ip m e n t in 1 8 9 8 . T h e a m o u n t e x p e n d e d d u r in g the y e a r f o r hire
o f fre ig h t ca rs, in e x c e s s o f th e a m o u n t r e c e iv e d fro m o th e r r a ilro a d s
fo r u se o f th is com p a n y** fr e ig h t e q u ip m e n t, w a s 8 3 3 8 ,1 4 1 .

lonnage.—Of the 3,816,686 tons carried in 1898, leading
items were
follows: Wheat, 1-48 percent; corn, 6*29; oats,
5-43; lumber, 7*44: anthracite, 9-64: bituminous coal, 2*74:
pig and bloom Iron, 7-49; floor, 5*83,
Statistics.—The statement of operations, earnings and
charges has been compiled for the C hronicle as follows:

as

OPERATIONS AND FISCAL RESULTS.

M ile* o p e r a t e d _____

Operations—

1898.
51 2

18 9 7 .
512

1896.
512

18 95.
51 2

4 6 1 ,8 8 9
4 9 3 ,6 2 2
4 8 2 ,3 4 3
Pan*, e n rrte d .............
5 3 3 .5 7 7
P ass, c a r 'd 1 m ile ... 6 2 ,1 4 4 ,0 4 0 5 4 ,7 0 7 ,9 8 5 4 5 ,7 5 3 ,6 1 4 5 8 ,0 9 6 ,8 0 3
1*60 ots.
1-76 cts.
R a te p e r p a ss.p e r m . 1*55 ots,
1-59 ots.
3 ,8 1 0 ,6 8 6
3 ,5 6 9 ,0 3 0
3 ,3 1 3 ,5 4 9
3 ,1 4 8 ,2 5 0
F re ig h t (ton s) carid
F r't fto n «) c a r 'd I ni 1 0 4 0 1 4 3 7 9 0 9 0 4 ,1 0 2 ,7 2 7 8 9 0 ,7 7 2 .2 6 3 1 0 2 4 7 3 6 9 1 *
R ato p e r to n p e r in . 0*510 ct*.
0 5 3 6 eta.
0*526 ota.
0*518 ots.
*8
®
a
E arnings—
?—
8
9 6 2 ,9 6 6
8 7 6 ,9 7 7
8 0 4 .9 1 5
9 2 4 ,7 0 0
Pae.Heoger...................
5
,3
3
0
,6
7
6
4
,6
8
9
.0
9
6
4 ,8 4 3 ,5 6 8
F r e ig h t ........................
5 ,3 07,7 779 4 ,6 7 2
9 7 ,7 7 8
9 3 ,755
8 5 ,4 7 4
M ail, e x p re ss , e t c ...

eirilKUt(WHS/VIIIU.

T o ta l e a r n in g s ..

OiOW.UO

6 ,3 9 1 ,4 2 0

5 ,8 1 5 ,2 1 7

5 ,5 8 7 ,7 0 6

6 ,3 1 7 ,9 5 0

T ra n s p o r ta tio n ........
M o tiv e p o w e r ..........
M aint. o f w a y . . . . . . .
Mfclnt, o f e a r * . . . . . . .
G e n e ra l...........
T a x e s .................. ........

2 .9 0 9 ,1 7 1
1 ,1 3 6 .0 0 7
60 7 ,6 0 1
3 ( 3 .9 8 3
11 3 ,1 1 0
2 2 5 ,6 7 8

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

2 .3 2 4 ,7 3 0
1 ,0 5 9 ,2 5 2
5 1 3 .0 0 5
3 6 0 ,9 3 1
1*27.089
2 1 9 ,1 5 4

2 ,7 0 9 ,1 1 5
1 ,1 7 1 ,3 0 9
53 6,43 1
3 5 6 ,2 8 3
1 1 6 ,2 5 5
2 0 0 ,3 2 5

T o t a l .....................
N et e a r n in g * .............
O th er in c o m e ,...........

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

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

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

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

T o t a l.....................

1 ,0 4 1 ,2 2 6

1 ,0 91,8 91

9 8 7 .2 4 8

1 ,2 3 8 ,8 1 4

7 7 7 ,5 0 0
11 2,39 2
9 3 ,3 7 3

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

7 7 7 ,0 0 0
1 1 2 ,9 7 2
94 .191

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

9 8 4 ,1 6 3
T o t a l......... ...........
1 ,0 8 4 .2 3 0
9 8 2 ,7 6 5
3,0 85
5 8 ,4 6 1
7 ,6 5 5
S u rp lu s.........................
BALANCE SHEET DECEMBER 31.
18 96.
18 9 7 .
1898,
Assets—
8
$
8
C ost o f r o a d ............. 4 0 ,0 8 6 ,1 5 8 4 6 ,0 8 6 ,1 5 8 4 6 ,0 8 0 ,1 5 8
3 ,7 2 0 ,8 4 7
3 ,7 2 0 ,8 4 7
C o st o f e q u ip m e n t .,
3 ,7 2 0 ,8 4 7
2 0 1 ,-9 0
2 1 2 ,4 9 7
M ateria ls and t a e l..
2 5 9 ,5 9 6
3 6 6 ,5 3 5
2 7 8 ,0 4 3
4 6 3 ,5 1 8
O a * h ... . ...................
Bill* r e c e iv a b le ........
4 ,6 * 9
1 2 ,5 6 7
1,7 38
2 1 1 ,4 6 3
1 9 1 ,2 0 2
D u e b y itgen ts, &-c.
3 1 8 ,8 5 1
3 9 4 ,7 5 9
5 2 2 ,0 6 0
D u o b y oth er c o ’a . . .
5 8 4 ,9 3 4
7 ,4 5 2
7 ,4 5 2
7 ,4 5 2
D u e b y P. O. D e p t ..
4 2 ,9 0 8
4 8 ,0 3 8
Mlsnoel. a c c o u n ts ___
3 7 ,3 9 7

1 ,2 0 5 ,5 0 7
3 1 ,3 0 7

Expenses—

Paym ents—

In te re st o n b o n d * . .
R e n ta l o f e q u ip tn 't..
R e n ta l trf tofQJiiiaU.
D iv . o n l s t p f . s to o k .

1895.
4 6 ,0 8 6 158
3 ,7 2 0 ,8 4 7
1 7 6 ,7 1 6
3 2 1 ,3 5 1
41 9 .4 1 6
3 2 4 ,0 4 8
4 2 6 ,3 8 4
7,1 33
4 7 ,6 0 3

T o t a l...................... 5 1 ,2 9 5 ,0 1 8

5 1 ,2 6 6 ,1 2 7

5 1 ,0 3 4 ,9 2 4

l e t p r e f , s t o c k .........
5 ,0 0 0 ,0 0 0
2d p re f. s t o c k ........... 11, 000,000
C o m m o n Btook......... 1 4 ,0 0 0 ,0 0 0
F u n ded d e b t ............. 1 9 ,4 2 5 .0 0 0
U n p a id v o u c h e r s ...
5 3 4 ,9 0 5
21 6 ,7 0 7
U n p a id p a y -ro lls ...
1 0 0 ,6 2 4
D u e o o ’ s & in d iv id ’ s
1 0 ,800
Int. due & n o t p a id .
19 4 ,2 5 0
I n t. a c c ru 'd , n o t d u e
4 8 .2 3 3
R e n t o f e q ’ t, n o t d u e
D iv . on 1st p f, s to ck .
54 i ’, 897
Binktng fu nd a e c’ t . .
222,002
In o o m e a c c o u n t.......

5 ,0 0 0 ,0 0 0
11 , 000,000
1 4 ,0 0 0 ,0 0 0
1 9 ,4 2 5 ,0 0 0
4 7 3 ,5 9 0
2 0 5 ,1 8 6
1 0 3 ,5 8 2
8 ,8 6 0
1 9 4 ,2 5 0
4 9 ,6 1 7

5 ,0 0 0 ,0 0 0
1 1 ,0 0 0 ,0 0 0
1 4 ,0 0 0 ,0 0 0
1 9 ,4 2 5 ,0 0
3 8 9 ,0 0 5
19 1,86 1
7 5 ,628
9 ,8 0 0
1 9 4 ,2 5 0
5 1 ,0 0 0

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

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

1 4 ,0 0 0 ,0 0 0
1 9 ,4 2 5 ,0 0 0
5 5 5 ,3 8 9
2 1 7 ,1 2 7
1 0 1 ,1 7 5
1 1 ,4 2 6
1 9 4 ,2 5 0
2 7 ,0 0 0
2 5 0 ,0 0 0
6 4 1 ,8 9 7
20 0 ,3 9 8

T o t a l.....................
— V. 68 , p . 28 3.

5 1 ,2 6 6 ,1 2 7

5 1 ,0 3 4 ,9 2 4

5 1 ,5 2 9 ,6 5 ft

L ia b ilities—

5 1 ,2 9 5 ,0 1 8

100,000

5 1 ,5 2 9 ,6 5 6
5 ,0 0 0 ,0 0 0
11 . 000,000

THE CHRONICLE.

924

Chicago & West Michigan Railway.
( Report for the year ending Dec. 81, 1898.)
The report affords the following:
T h e fre ig h t e a rn in g s s h o w an in cre a se o f 25*49 p e r c e n t a n d th e
p a ssen g er e a rn in g s o f 13*69 p er cen t. T h e Increase in n e t e{u*nings
o n a b lea the co m p a n y to p a y in fu ll th e c o u p o n due D ec. 1, 1 8 J o , o f
the C hicago & W est M ich iga n 5 p e r c e n t b o n d s , a n d th e c o u p o n or the
C h ica g o & N orth M ich ig a n 5 p e r c e n t b o n d s due M ay 1. 1 8 9 9 , w ill
also b e p a id iu fu ll. T h e resu lts fo r the y e a r are a fail* c rite rio n o f th e
e a rn in g c a p a c ity o f the roa d u n d er fa irly fa v o r a b le c irc u m s ta n ce s and
th e o u tlook is e n co u ra g in g .
,
. .
.
, ,
T he in crea se in earn iD gs re n d e re d p o ssib le th e m ak in g o f n e e d e d
im p rov em en ts, an d the p r o p e r ty as a w h o le is in b e tte r c o n d itio n than
a t a n y tim e d u rin g th e p a st, so th a t th o c o s t o f m a in ten a n ce fo r th e
fu tu re sh ou ld be n orm a l.
„
. ,
„
_ .
T h e lea se o f a p ortion o f th e M u sh egon D iv is io n t o th e D e tro it
T o le d o & M ilw a u k ee R a ilroa d C o., m e n tio n e d in la st y e a r 's re p o r t,
w a s c a n c e le d , an d th e op e ra tio n o f th e lin e w a s resu m ed b y y o u r c o m ­
p a n y o n A p r il 1, 1898.
_
T h e G ran d R a p id s K alk a sk a & S ou th ea stern R R ., e x te n d in g fro m
R a p id C ity t o Strat ford , in M issau kee C ou n ty , 32 -90 m iles, w a s leased
o n J a n . 2 0 ,1 8 9 8 . fo r a term o f ten y ea rs. T he o p e ra tio n o f th is ro a d
fo r th e y e a r has p r o v e d rem u n era tive.

[V ol. LXVIII.

GENERAL BALANCE SHEET DEO. 31, 3898.
D r.
Or.
C o st o f r o a d ................... $ 9 ,6 7 9 ,4 1 1 C o m m o n s t o c k ............. $ 2 ,5 1 0 ,0 0 0
E q u ip , (inol. m a r in e ).
9 4 7 ,8 4 4 P re fe rre d s t o o k ...........
3 ,1 8 3 ,5 0 0
C a sh ..................................
1 5 1 ,9 1 0 F u n d e d d e b t .................
5 ,0 4 9 ,1 6 8
B ills r e c e i v a b l e ...........
4 0 0 / 0 0 In te r e s t .........................
6 8 ,5 0 3
M a te ria ls & su p p lie s ..
3 1 ,0 1 5 V o u c h e r s .........................
1 8 1 ,2 2 4
O p en a e cts. (b a la n c e ).
5 5 ,7 8 1 T a x e s ................................
4 1 ,6 6 7
I n c o m e a c c o u n t ...........
2 3 1 ,8 9 9
T o t a l.......................... $ 1 1 ,2 6 5 ,9 6 1
—V . 6 8 , p . 376.

T o t a l......................... $ 1 1 ,2 6 5 ,9 6 1

United Gas Improvement.
(Report fo r year ending Dec. 31, 1898.)
The report for the fiscal year ended Dec. 31, 1898, read at
the annual meeting May 1, showed total net earnings of
$1,864,129, an increase of $489,830 over 1897. President
Dolan, in his statement to the stockholders, according to the
“ Philadelphia Financial News,” said in substance:
Equitable Illuminating Gas Light Co. o f Philadelphia.—
“ During the thirteen months ending Dec. 81, 1898, there was
Statistics.— Earnings, expenses, charges, etc., have been expended on the Philadelphia gas works in improvements
and betterments, $3,112,829. There were laid approximately
compiled for the C hronicle as follows:
110 miles of mains to Chestnut Hill and Manaynnk and
F IS C A L R E 8U L T S.
throughout the city. The company laid 12,112 services for
18 95.
18 97.
1896.
18 98.
new consumers and 14,688 services for old consumers, set
57 6
58 1
61 4
581
T o ta l m ile s o p e r a te d ------..
$
$
$
23,032 meters for new consumers and 58,968 for old consum­
E arnings—
.$
5 3 4 ,6 6 2
5 8 7 ,1 9 5 ers, about 290 new street lamps, 8,904 gas ranges, 6 gas
5 2 9 ,6 7 0
P a ssen g er........................... ... 6 0 /.2 0 0
F re ig h t................................ ..1 ,2 7 0 ,0 6 1 1 ,0 1 2 ,0 4 7 1 ,0 0 1 ,5 7 2 1 ,0 3 3 ,5 4 9
1 0 3 ,3 0 3 engines, and increased the sales o f gas 266,106,620 cubic feet,”
1 0 6 ,3 8 3
1 (9 ,0 0 6
M ail, ex p ress e t c ............. .. 11 1 ,0 8 9
New Office.—“ The land for the new office building cost
T o ta l g ro ss ea rn in g s. .1 ,9 8 3 ,3 5 0 1 ,6 5 0 ,7 2 3 1 ,6 4 2 ,6 1 7 1 ,7 2 4 ,0 4 7 $270,000 and the building and the equipping of it about
Expenses—
$525,000. The office is expected to be fully in use about
6 3 5 ,7 7 4
6 6 7 ,5 9 1 '
T ra n s p o rta tio n .................. .. 8 1 5 ,4 3 6
1 8 9 ,9 7 7 ' | 1 ,2 2 7 ,7 3 7 June 1.”
1 9 5 ,0 3 3
M ain, o f e q u ip m e n t........... 2 1 5 ,2 4 9
3 6 3 ,7 7 7 .
36 3 ,1 6 5
M ain, o f w a y , e t c ............. .. 3 9 6 ,9 2 9
Properties Controlled—New Acquisitions.—“ The report in
10 0,13 1
17 6 ,3 5 9
1 0 6 ,4 2 5
G eneral and t a x e s ............ .. 12 0 ,5 6 3
1898 detailed at great length the growth and condition of
This growth has continued, and
1 ,3 0 0 ,3 9 7 1 ,3 2 1 ,4 7 6 1 ,4 0 4 ,0 9 7 the company’s properties.
T o ta l..............................
3 1 9 ,9 5 0 on Dec. 1, 1898, there was consummated a lease of the New­
32 1,14 1
3 5 0 ,3 2 6
N et e a rn in g s...................... ... 4 3 5 ,1 7 4
ark
Consolidated
Gas
Co.
to
the Essex & Hudson Gas Co,, of
(8 0 -4 4 )
(81-44)
P. o. o f op er. e x . t o earns. ..
(75-02)
(78-77)
Disbursemen ts—
the stock of which, $3,252,500 at par, being a majority, is
4 0 8 ,3 6 4
4 1 5 ,9 7 1
4 0 0 ,5 2 8
I n te re st on d e b t ................. . 4 2 0 ,1 6 8
owned by our company. This covers the gas lighting of
Or. 2 ,8 6 2
4,* 0 6
C/r.1,496
M iscella n eou s in t e r e s t..,.. C r.5 ,7 6 8
the city of Newark, the Oranges, Montclair. Harrison, East
4 0 5 ,1 3 4 Newark, and the township of Kearney, in Hudson Co., N. J.
T o ta l d isb u rsem en ts... 4 1 4 ,3 9 9
4 1 3 ,1 0 9
4 0 6 ,8 6 8
“ Following the consolidation of the Newark gas proper­
B a la n c e ................................. su r.2 0 ,7 7 5 d e f.6 2 ,7 8 3 d e f.8 5 ,7 2 7 d e f.8 5 ,1 8 4
ties, we purchased the two gas companies at Paterson, N. J.
B A L A N C E 8 IIE E T D E C . 31.
Assets —
1898.
1897.
(which were leased to your company under contracts hav­
C on stru ctio n an d e q u ip m e n t.................
$ 1 4 ,6 7 3 ,0 9 2 $ 1 4 ,6 9 7 ,0 9 3
8 4 4 ,6 2 1 ing only a few more years to run), and the Edison Electric
In v e stm e n ts...............................................................
8 4 4 ,6 2 1
C ash...............................................................................
2 5 7 ,0 4 6
1 6 4 ,7 8 2 Illuminating Co. o f Paterson. These three companies we
B ills r e c e iv a b le ...........................
1 4 3 ,7 8 0
9 3 ,9 7 9 consolidated with the Passaic Lighting Co. into a new com­
B a la n ce o f o p e n a c c o u n ts .....................................
25 6 ,4 1 3
1 6 5 ,6 3 0 pany known as the Paterson & Passaic Gas & Electric Co. of
M ateria ls on h a n d ....................................................
6 8 ,7 5 0
4 8 ,7 9 8
S u sp en se......................................................................
2 3 ,0 6 0
2 8 ,5 1 0 the stock of which $3,100,000 at par, being a majority, is
M iscella n eou s............................................................
1 0 ,0 0 0
4 ,6 6 5 owned by the United Gas Improvement Co.
I n c o m e a c c o u n t ........................................................
5 4 ,0 0 3
7 4 ,7 7 5
“ W e now have under way a consolidation o f the electric
T o ta l a ss ets..........................................................$ 1 6 ,3 3 0 ,7 6 7 $ 1 6 ,1 2 2 ,8 5 3 light companies of Hoboken and Elizabeth, N J., with the
People’s Light & Power Co., which controls the electric
L ia b ilities —
C ap ita l * t o c k ............................................................. $ 7 ,5 1 2 ,8 0 0
$ 7 ,5 1 2 ,8 0 0 light plants in Newark, the Oranges, Montclair, Jersey City,
B on d s (See S u p p l e m e n t ) . . . ..............................
8 ,3 5 1 ,7 7 7
8 ,3 0 6 ,9 4 5 Bergen Point and intermediate towns. The stockholders of
A co ru e d in terest, n o t d u e ................
4 2 ,7 1 7
4 2 ,4 7 4 those various companies have assented to the terms of the
3 5 ,9 5 3
U n p a id c o u p o n s ........................................................
14 5 ,9 7 7
U n p a id v o u c h e r s ......................................................
20 5 ,3 4 8
16 5 ,9 1 0 consolidation, which will result in the ownership by the U.
T a x e s ..... .......................................................................
52,147
3 8 ,7 7 3 G. I. Co. of a majority o f the stock of the consolidated
S in kin g fu n d M ich. E q . C o. (L im ite d )...................................... 2 0 ,0 0 0 20,000 company, which will be known as the United Electric Co.
T o ta l lia b ilities.
$ 1 6 ,3 3 0 ,7 6 7 $ 1 6 ,1 2 2 ,8 5 3 of New Jersey.
“ The Welshach Light Co. has done a very much larger
—Y. 68, p . 871.
business during 1898 than during any previous year of its
Detroit Grand Rapids & Western Railroad.
existence, but the increase in the business has not as yet in­
(R eport fo r the year ending Dec. 31, 1898.)
creased the profits to the figures of 1897, made from much
The report says in substance :
smaller sales at considerably higher prices.”
T h e g ro ss e a rn in g s in c r e a s e d 16 -86 p e r oen t a n d the n e t e a rn in g s
Earnings.—The net earnings make the follow ing com ­
11 -12 p e r cen t. In n e a rly a ll cla sses o f fr e ig h t h a n d led th e r e w a s a parison:
c o n s id e r a b le in orea se o f ton n a g e. O n Jan. 5 th e c a r fe r r y lin e b e tw e e n
M ush egon, M iob ., a n d M ilw a u k ee, W is., w as p u t in op era tio n . D u rin g
tb e y e a r th ere w e re tra n sp o i ted aoroes th e lake 5 0 ,7 5 3 to n s o f eastb ou n d and 3 9 ,2 8 9 to n s o f w est-b ou n d fr e ig h t. T b e r e v e n u e a c c ru in g
to y o u r c o m p a n y fr o m this to n n a g e w a s $7 1 ,0 5 4 . T h e lin e is n o w
fa irly w e ll esta b lish ed an d it is c o n fid e n tly e x p e c t e d th a t m o re sa tis­
fa c t o r y resu lts w ill b e sh o w n fo r th e e n su in g year.
Tlie bon d ed d e b t h a s b een in erea s ed b y th e issu e a n d sa le o f $ 3 6 6 ,0 0 0 iirst co n so ls fo r tb e p u r o h a B e o f 2 5 0 b o x oars and o f tb e ca r fe r r y ­
b o a t M uskegon.
T b e m o tiv e p o w e r is fo r tb e m o s t p a rt o f old t y p e s , n o r is tb e
fr e ig h t ca r eq u ip m en t a d eq u a te. I t w ill t h e re fo re b e n e c e s s a ry to
m a k e ad d ition s fr o m tim e t o tim e.

Of the 871,519 tons carried in 1898, lumber and other forest
products furnished 29'32 per cent.
OPERATIONS, EARNINGS, EXPENSES AND CHARGES.

M iles o f ro a d D eo. 3 1 ................................

1898.

Operations—

P a ssen g ers c a r rie d ..................................... .................
8 3 9 ,7 9 2
P a ssen g ers c a rrie d 1 m ile ....................... .................2 9 ,5 1 3 ,6 5 8
R a ta p e r p a ssen g er p e r m ile .................
T o n s c a r rie d ..................................................
T on s ca rried 1 m ile ...................................
R a te p e r ton p er m ile ...............................

Earnings—

P a ssen g er................................................
F re ig h t................................................... .
M isce lla n e o u s..............................................
T o t a l..........................................
O p era tin g e x p e n s e s ........................
N et e a rn in g s .....................................
M iso e lla se o u s in te re st.............................

18 9 7 .
45 1
6 7 9 ,9 4 6
2 4 .6 3 5 ,5 2 8
1*965 cts.

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

T o t a l................................................

T o ta l..........................................
S u rp lu s............................

B a la n c e f o r th e y e a r ...

$ 6 8 5 ,2 2 0

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

9 7 ,5 5 9

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

1896.
$ 1 ,2 8 2 ,1 5 8
8 8 1 ,8 6 0

$ 5 1 2 ,7 2 8

$ 4 0 0 ,2 9 8

[a T h e in cre a s e in th e c a p ita l s to ck fr o m $ 1 1 ,5 0 0 ,0 0 0 t o $ 1 5 ,0 0 0 ,0 0 0
w a s n o t a u th o riz e d h y th e s to ck h o ld e rs t ill M a y 2 ,1 8 9 8 , a n d the news to ck w a s n o t fu ll p a id t ill A p r il 1 5 ,1 8 9 9 .—E d .] —V. 6 8 , p . 131.

GENERAL

IN V E S T M E N T

NEW S.

Reorganizations, Etc.

—Latest Data as to Defaults, Reoi ganization Plans, Payment o f Overdue Coupons, Etc.—A ll
facts of this nature appearing since the publication of the lai t
issues of the I n v e s t o r s ’ and the S t r e e t R a i l w a y S u p p l e ­
m e n t s may be readily found by means o f the following index:
This index does not include matter in to-day’s C h r o n i c l e R a i l r o a d s & M is. CO.’ s.

6 4 ,3 5 4 .1 2 9
1*153 cts.

Disbtirsem ents—

I n te re st on b o n d s ...............................
D e tro it term in a ls...........................
T a x e s .................................

1898.
N e t e a r n in g s ..........................$ 1 ,8 6 4 ,1 3 0
D iv id e n d s , 8 p e r c e n t ......... « 9 7 8 ,9 1 0

Volum e 6 8 —

Page.

Central la & Che9ter.forfclosure.122, 770
Coi. Hock. Y a l. & T o l. .new securitiea ready.
772
Col. Sand. & H ock—
. .si atm
771
Ft. W ayne Elec. Corp’n......... sold.
772
Herring-Hall-Marvin Co___ dens.
*23
Hill Union Brewing Co........ recV.
772
Hudson Tunnel R y ................. sale.
871
Kan. City Pittsb. & G u lf ...reorg.
772
do
do
...new committee.772,871
do
do
.......................... plan.
772
Otis Elevating R y ....................sold.
773
Ohio So. RR . naym’t oj n c ’s ctfs.
824
Pkila. Read. & N. E . .assessment.
82 i
St. L. Cape Girardeau & Ft.Smith
successor company.
873
Staten Isl. Rap. T r.................. sold.
774
W est Va. & Pitts..................... sale.
774
W heel. & L. Erie...new sec's, etc.
880
do
do . .new co. in pos.
873
Wisconsin Central.........holders of
junior securities to act on plan..
830
do do
, — plan operative.
873

%

St r e e t R a il w a y s .

Volum e 6 8 —

Page.

Akron (O.) St. Ry. & 111......... so d
616
Ben. (Vt.) & W ood. E le c ... rec’r.
870
Evansville SC R y ................... rec’r.
722
Galveston, (T ex .; City R R .. .sale
Sept. 5
618
Freeport (111.) Gen. Elec. Ry.recr.
524
Hartford & W est H art.R R .re*r.
524
lronton (O.) Elec. Light & St.
Ry........................ ................ recr.379,438
Kinas Co. El.......deposit o f bonds.
331
do
do
................... ...plan.
724
Lake Ont. & Riverside . - .sold.
772
Logansport (Ind.- St. R y— sold.
384
Metropolitan W est Side Elev.
(Chicago i............ new securities.
773
Newburyport (Mass.) & A m esbury 8t. R y ..............................sold 619
N. O. T rac ..................sale March 20 429
do
do
reorganized co.525,824
Niagara Falls (N .Y .) & Lewiston
332
North Shore Trac'n.sale o f assets
619
People’s Ry.(St. L.,Mo.).soid....330, 673
Pasadena & Mt. Wilson Ry ..sold.
673
Union Traction o f N. J.reorg. co.
389

Mat 13, 1899.J

THE CHRONICLE

925

Boston A Albany.—Quarterly.—Earnings for the quarter
Amalgamated Copper Co.—jkttotntAt.—)The subscriptions
for the company's stock were so largely in excess of the and the nine months ending Mar. 31 were:
Set
Interest, D ividend s
Balance ,
amount offered that the allotment to each subscriber will not 3 mos. end- Gross
p a id .
su r. or def,
exceed 20 per cent of the amount applied for.—V . 68, p. 870. ing M ar. 3 1 ta m in g s, earnings. tT xes.dc.
3
3
$
$
s
6 7 7 ,8 2 0
1 2 6 ,7 6 5
5 0 0 ,0 0 0 su r. 51?055
American Alkali Co.—Incorporated —This company, re­ 1 8 9 9 ..............2 ,1 3 9 ,5 4 9
18 93
2 ,1 2 3 ,0 8 0 8 0 1 ,2 1 2
1 3 3 ,6 6 7
5 0 0 ,0 0 0 s u r.1 0 7 ,5 4 5
ferred to last week, was incorporated at Trenton, N. J., on
9 JfoniA s—
May 4. The authorized capital stock is $30,000,000, of which 189 3-9 .........6 ,9 0 5 ,6 6 5 3 ,6 0 4 ,6 2 7 1 ,0 4 5 ,9 1 3 1 ,5 0 0 ,0 6 0 sur. 5 8 ,7 1 4
1
8
9 7 - 8 ....... 7 ,0 2 2 ,0 1 6 2 .4 4 1 ,5 2 3 1 ,0 1 4 ,7 8 2 1 ,5 0 0 ,0 0 0 d e f. 7 3 ,2 5 9
$5,000,000 is to be preferred 8 per cent cumulative. The
- V . 6 8 , p . 26 0.
prospectus says :
Boston & Maine R R.—Quarterly.—Earnings for the quarter
T h is c o m p a n y has a cq u ire d the p a te n t rig h ts o f M essrs. H e rm ite &
D u b o se a n d J o h n G. A . R h od ln fo r the U n ite d S ta tes o f A m e r ic a . T he and the nine months ending March 31 were:
p a te n t o f H e rm lte & D u io a c is th e b a s ic p a t e n t fo r th e e le c t r o ly t ic
re d a ctio n o f ca n stio s o d a a n d b le a ch in g p o w d e r in th is co u n tr y .
ohu G. A . R h o d in ’ s In v en tion is b y fa r the m ost efficien t a n d e c o n o n jieal a p p a ra tu s y et In v en ted . I t in in ten d ed t o b u ild w o r t s e ith e r at
N ia g a ra F a lls o r S au lt Ste. M arie. E x tr e m e ly fa v o r a b le ra tes fo r
p o w e r and d e liv e r y o f r a w m a te ria l w ill en a b le th e c o m p a n y t o p r o ­
d u ce alltail and b le a ch in g p o w d e r a t a c o s t fa r b e lo w a n y o th e r m a n u ­
fa c t u r e r in the w o r ld . B u ild in g s, m a ch in e ry , A c , c a n b e c o m p le te d
in a b o u t s ix m on th s.
T h e q u a n tity o f ca n s tio s o d a a n d b le a ch in g p o w d e r re q u ir e d y e a r ly
f o r p a p e r m a k in g , s o a p m a k in g , o il r e d o in g , o o t to n iiu lsh ln g,
b le a ch in g , a n d d is in fe c tin g , la u n d ry an d cle a n in g p u rp o s e s. A c ., In
this c o u n tr y , a m o u n ts t o a b o u t 3 0 0 ,0 0 0 t o n s o f th e fo r m e r a n d 2 5 0 ,0 0 0 ton s o f th e la tte r , an d th e d em a n d is co n s ta n tly In crea sin g. M an y
o th e r p ro d u c ts a re a lso m a n u fa ctu red u n d er o n r p a ten ts. W e p ro p o s e
to m a n u fa c tu r e , w ith the first In s ta lla tio n o f o n r p la n t, 1 7 0 ,0 0 0 to n s
o f c a u s tic s o d a a n d 8 3 ,0 0 0 to n s o f b le a ch in g p o w d e r . W e ca n u n ­
d o u b t e d ly e x p o r t a n d sell a r la r g e p ro fits.

?

Mr. W . W . Gibbs, of Philadelphia, is interested in the
company. The first instalment of $10 per share on subscrip­
tions to the stock of the American Alkali Co. is payable at
the office of the company on or before June 1.—V, 68, p. 821.
American Brick Co.—Stock Increased to $15,000,000.—
This company, organized several weeks ago to consolidate
brick concerns along the Hudson River, on Wednesday filed
a certificate with the Secretary o f State at Trenton, X. J.,
increasing its capital stock from $10,060,000 to $15 000.000
of which $7,500,000 to be 7 per cent preferred. Oakleigh
Thorne, the promoter, is quoted as saying that options on
two or three large additional concerns will probably be
acquired before the end of next week. At present the con­
stituent companies are for the most part located along the
Hudson River in the vicinity of New burg, but ultimately, it
ia thought, the Haverstraw and Hackensack brick yards
may be included.—V. 68, p. 471.
American Carbide Lamp <o .— Incorporated.—Tills com­
pany, with offices in Philadelphia, wat incorporated in Weet
Virginia April 36 to produce ealcinin carbide and other
products. Capital, $3,000,030. Incorporators: M. A. .Shipley, D. J. M. Stokes. E. M, Parkburst, C. P. Haskins, A. B.
Davis, all of Philadelphia.
American Hide A Leather Co.—Proper ties Acquired.—Incorpora led.—This company was incorporated last week in New
.Jersey with authorized capital stock of $iO,'>oO.OOO fof which
$30,000,000 is 7 per cent cumulative preferred stock) as a
consolidation of the npper-leather companies. Of the auth
orixed issue $5,000,000 each of common and preferred will
remain in the treasury. The company, it is stated, will
have $5,000,000 of cash as working capital. Toe preferred
stock is preferred both as to dividends arid assets The con­
stituent properties, which are to be taken over Jane 1, are
as follows :
W . K , KtJU'ndrath St Co,, W oo. B ro k e r L e a th e r C o., W h ite B ros. Sc
C o ., B o s w e ll, H o b b a n ! A C o,, MMdtaAox L e a th e r C o., A llo y Bro*». A
C o.. U a i b n i a l e a t h e r C o.. W>". Ti<M 4c C o.. H a ll, H alglir & Co.,
S to p h * n D o w Sc C o,, B e r n aril A F r i d m a n , J . P. C ra n e Sc Co., W a ta u g a
T a n n in g O i., M. ftob a oa L e a t h e r C o.. C .T . R o e n ft i L e a th e r C o., J u n e s
S k in n er L e a th e r C o , J . 8. B arn et & B ro.. W e b s te r Sc Co., F red . R e a p ­
in g L ea th er C o.,
C lark Sc E n g e l, W a lk f*rO a k ley C o ., ff . 6 ,
M o ffe tt. E . C. C o ttle Sc C o., E. O n o iu tfija St Co., J . B, W eed «Jt C o ., R,
8 o h m L e a th e r Co., C. M ce n c h Se Son*, B. F. T h om p s on Sc Co., an d
w im p other*.

3

mos. end.

Gross

Pel

Other

Interest.

B alance,

Mar. 3 1 .
earnings, earnings, incom e,
taxes, etc.
su r. or def.
1 8 9 9 ............. $ 1 ,2 8 6 ,2 0 7 $1,189.1-08 8 1 5 1 ,0 1 8 $ 1 ,3 6 9 ,8 5 9 < lef.$29,533
1 8 9 8 ............. 4 ,2 9 9 ,0 3 6 1 ,1 0 7 ,3 3 3 1 2 8 ,0 8 0 1 ,3 5 4 ,5 5 3 d e f.1 1 9 ,1 4 0
9 mos.—
1 8 9 8 - 9 .... $ 1 4 ,6 5 2 ,0 4 0 $ 4 ,5 6 0 ,8 8 2 $ 4 2 9 ,0 4 6 $ 4 ,0 8 9 ,5 5 5 su r.$ 9 0 0 ,3 7 3
1897-8 ____ 1 4 ,9 5 5 ,0 2 9 4 ,5 7 1 ,7 7 8 4 2 2 ,5 7 2 4 ,0 6 1 ,8 5 1 s u r.9 3 2 ,4 9 9
- V . 6 8 , p . 77 2.

Carnegie. Steel Co.—Official Statement.—Before leaving
for Pittsburg on Saturday Henry C. Frick, who is to be
President o f the company that has bought out Mr. Carnegie,
said: “ A t present no other fcaan Carnegie companies, except
the Henry C. Frick Coke Co., are included in the new com­
pany, and there is no indication that others will be. The
Carnegie Steel Co. (Limited) absorbed long ago the Edgar
Thomson Steel Works, the Duquesne Steel Works, the Upper
and Lower Union mills and the Keystone Bridge Works. It
controls the Pittsburg Bessemer & Lake Erie RR. and the
Oliver Mining Co. of Minnesota and has for an ally the H.
C. Frick Coke Co The new company will thus own the
fuel and ore fields to feed the mills which will turn out its
products. It ta'as not been definitely determined yet whether
Mr. Carnegie will be paid cash for his interests or part cash
and part bonds. The capital of the Carnegie Steel Co., re­
cently incorporated in Trenton, and which will be the name
o f the new company, will soon be increased from $3,000 to
an amount not stated."’
Property to be Acquired.—The “ Iron Trade Review” gives
the Billowing as an official list o f the properties to be trans­
ferred to the Carnegie Steel Co., viz.:
B i. a - t F c k s a . b s , 8TKSI. Pi \m » , E t c .— ( 1) E d g a r T h o m s o n W orks
a im e r. P a , in c lu d in g E d ga r T h o m so n B la s t F u rn a ce s, E d g a r
T h o m so n F ou n d ry , E d g a r T h o m so n S teel W o rk s; (2) D n q n e su o W o rk s,
D o q u e a n e , P a., Ineladiatt D tinuesne B last F u rn a ce s, D n q n esn e S teel
W ork s: |3) H o m e s te a d S te e l W orks, M nn hall, P.»., in c lu d in g B essem er
s te e l d e p a rtm e n t, o p e n -h e a rth steel d e p a rtm e n t, fin ish in g m ills,
a rm or p la te d e p a rtm e n t; (4 1 C a rrie B last F u rn a ce s, R a n k in . Pa.; the
L u cy B last F u rn a ce s, P ittsb u rg ; (5) U p p e r U n ion M ills, P ittsb u rg :
f«| L o w e r U nion M ills, P ittsb u rg : (7) L o rim e r C o k e W o rk s, L o rim e r,
P a.; (8) V o u g h lo g h e n y C oke W o rk s, D o u gla ss, Pa.
RA ltH O A M , W a t e r C o m v a m ) s . E tc —AU the c a p ita l s t o c k o f the
C a rn e g ie N atu ral G a s C o ., the Y o u g h io g h e u y W a te r C o ., th e T r o t t e r
W a te r C o., to e U n io n R R . C o , t h e S la ck W a te r R a ilw a y O o. a n d th e
Y o u g b lo g h e n y N o rth e rn R a ilw a y C o.
O n e -h a lf o f the c a p ita l stunk o f th e P itts b u rg B e sse m e r
L a k e E rie
R R . C o.
Co a l v s d C o k e . —AH the c o a l an d c o k e p r o p e r ty o f th e I f. C. F rio k
C oke C-*. In F a y e tte an d W e stm o re la n d c o u n tie s . Pa., in c lu d in g 4 0 ,O00 acre * o f un m ln ed c o a l, 2 0 ,0 0 0 a cre s o f s u rfa c e la n d s, 1 1 ,0 0 0 c o k e
o v e n s , 2,-500 r a ilr o a d c a r s , 8 ,5 0 0 d w e llin g s
D o c k c o m p a n i e s .—AH the c a p ita l s t o ck o f the P itt s b u r g ,t C on neaut D o ck C o., 4 3 0 p e r c e n t o f the ca p ita l sto e k o f th e P e n n s y lv a n ia
•ft L a k e E rie D o ck C o ., o n e -fo u r th o f til ■ ca p ita l sto e k o f th e N ew
Y o rk P e n n sy lv a n ia A O h io D o c k Co,
I Ron O tt» AM) L a n d C o m p a n i e s .— Five-si sths o f the c a p ita l s to ck
o f th e O liv e r M in in g Co , w h ich o w n s all the sto ck o f tha M e tro n o lltun Iro n & Land C o., all the sto o k o f the P io n e e r Iro n C o., 8 9 3 p e r
ce n t o f the s t o c k o f the L a k e S u p e rio r Iro n C o. an d 9 3 p e r c e n t o f the
sto ck o f tin- S e cu rity L and A E x p lo r a tio n C o.; o n c -h u lf o f th e ca p ita l
sto ck o f ths P cw o b le C o., th ree fo u rth * o f the c a p ita l sto o k o f the
P itts b u rg L im e C o., L im ited .

For 1898 the Carnegie Steel Company’s pig iron production
is stated as 17 per cent o f the output of the country and its
Bsasemer steel production as 22 p?r cent of that of the coun­
try. The total output of finished material for 1899 is esti­
mated at 2,500,000 tons.—V. 08, p. 870.
The company controls about 85 per cent o f the total upperCentral RR. o f New Jersey.—Quarterly.—Earnings fo r
leather output o f the country.—V. 68, p. 523,
the quarter ending March 81 were:
American Tobacco Co. —Luted.—The New York Stock 3 mot. end.
Gross
XeJ
Other
Interest,
Balance
W a r.31 .
earnings
earnings
income.
taxes, etc.
surplus
Exchange has listed the $12,500,000 additional common stock
1
8
9
9
.............$
3
,2
0
7
,7
5
8
$
1
,1
1
4
,7
7
7
$
1
5
2
,3
3
1
$
1
,1
7
2
,0
4
5
$ 2 2 5 ,0 0 3
making total ainonnt listed $54,500,000. The additional issue 1 8 9 8 ............ 2 ,8 2 4 ,0 3 3
9 1 8 ,4 4 2
2 3 7 ,7 0 8 1 ,1 0 5 ,0 0 2
8 1 ,1 4 8
is made to acquire the entire capital stock c f the Union - V . 0 8 , p. 822.
Tobacco Co., viz.: Common stock, $13,060,000; pref. stock,
Listed.—The $1,503,800 additional stock has been ordered
$9,600,000, The Union Co. has no bonded debt, and among to be placed on the list o f the New York Stock Exchange
Its assets “ shall be $3,000,000 in cash and at least 137,273 on and after .Jnne 26, 1899. as and when official notice of
shares of the capital stock out o f the total Issue of 160.000 issuance thereof shall be received, making total amount of
shares of the par value of $25 per share, of Blackwell’s stock listed $37,047,800.—V. 68, p. 822,
Durham Tobacco Co., and all other assets, tools, machinery,
Cleveland Akron & Columbus R R.—Deported Negotiations.
tobacco, stocks In other companies ow nel by said Union
Tobacco Co., on Feb. 21, 1899,” The Blackwell’s Durham — It is reported that negotiations are pendiDg by which this
Tobacco Co. is a corporation organized under the laws of property will within a few weeks pass into the control of the
North Carolina, Jan. 11, 1887, to manufacture smoking Pennsylvania Railroad Co. The report cannot be officially
tobaccos. Its authorized capital is §1,000,000; the com­ confirmed.—V. 67, p. 735.
pany has no bonded debt, and has paid dividends on its capi­
Chicago & Alton RR,—Deposits Till May SO.—The time
tal stock at the rate of 6 per cent per annum to -Jan. 18, 1898, for stockholders to deposit their holdings with the pur­
and 2 per cent to the date of purchase by the said Union chasing syndicate has been extended to May 20, alter which
Tobacco Co.—V, 68, p. 870.
date no stock will be received. More than 96 per cent o f the
Birmingham (A la.) Water Works Co.—Control Sold.— common and more than 97 per cent of the preferred stock, it
The Birmingham “ News ” says that a majority of the com­ is stated, have already been deposited.—V. 68, p. 670.
Chicago Packing & Provision Co,—No Dividend.—The
pany’s $500,000 capital stock has been sold at 88 cents on the
dollar to the American Water Works & Guarantee Co. of company, it is stated, has decided to pass the May dividend
Pittsburg, Pa, The minority stockholders can obtain the on tne preferred stock, as it has not been earned in the past
same price until May 27 by depositing their holdings with six m onths—V. 67, p. 1306.
the Hanover National Bank in New York or the First
Colorado Fnel & Iron Co.—Listed.—The New York Stock
National Bank in Birmingham. The purchaser also assumes, Exchange has listed $282,000 additional general mortgage 5
it is stated, the two seta of 6 per cent bonds aggregating per cent gold bonds of 1943. making total amount listed to
$639,000.—V. ft3, p. 133.
date, $2,3O3,OC0. These additional bonds have been issued

926

THE CHRONICLE.

against the following expenditures: Colorado Fuel Compa­
ny’s bonds paid and canceled, $120,000; sinking fund Colo­
rado Coal & Iron Company’s mortgage, $162,589; total, $282,589.
Earnings.—The net earnings for the month of March,
1899, were $92.89-1, and for the nine months ending March 31,
1899, as follows:
9 mos.
jYet ea m 'g s.
1 8 9 8 -9 9 ................. $ 7 9 0 ,9 3 7
—V . 6 7 , p. 527.

In i. dt taxes.
$ 3 2 7 ,4 6 5

S in k . fu n d .
$ 3 5 ,0 0 0

1la l. mirp.
$ 4 2 8 ,4 7 2

Columbia Automobile Co. of New Y ork -C olu m bia Elec­
tric Vehicle Co —Pope Manufacturing Co. People Inter­
ested.—The Columbia Automobile Co. was incorporated a
few weeks ago in New Jersey with $3,000,000 o f authorized
capital stock, its officers being Colonel Albert A. Pope, Pres­
ident; George H. Day, Vice-President; Harold H. Eamee,
Secretary and Treasurer. The Columbian Electric Vehicle
Co., with $5,000,000 of authorized capital stock and practi­
cally the same incorporators as the Columbia Automobile
Co., was incorporated in New Jersey on May 4. Below, un­
der the caption “ Illinois Electric Vehicle Co.,” it is stated
that “ a contractual alliance” has been made by the Electric
Vehicle Co. with the Pope Manufacturing Co. for the man­
ufacture of automobiles. Apparently one or both of these
new companies is the outcome of the alliance so men­
tioned. A Hartford paper says: Already the motor carriage
business of the Pope Company is booming and the works are
running 22 hours a day.
Consolidated Gum Co.—Officers.—The proposed officers
and directors are stated as follows:
P residen t W . J. W h ite, C lev ela n d ; V ic e -P re s id e n t, Dr. B e e m a n
C levela n d ; S ecreta ry , J o n a th a n P. P rim le y . C h ica g o ; T rea su rer. T h os.
4dam p, J r.. B ro o k ly n . D ir e c t o r s —W . J. W h ite, G e o rg e H . W o r t h ­
in gton , Jon athan P. P rim ley . T J . J e ffe rs o n , C h a rles JR. F lin t, T h o m a s
A d a m s, J r., e n d S tep h en T. B ritten .

Continental Tobacco Co.—Amount o f Stock Paid In.—
The company has filed at Treutcn, N. J.. a certificate of pay­
ment of $12,700,000 additional preferred and $17,700,000 ad­
ditional common stock, making the total capital stock issued
to date $92,690,700, including $43 845,000 of preferred. The
authorized stock was recently increased from $37,500,000
each to $50,000,000 each of common and preferred.—V. 68,
p. 771.
Crescent City RR.—New Orleans City RR.—Sold.—The
Crescent City RR. has been sold at foreclosure sale to the
representatives of the reorganization committee for $3,000,000, being the par value of the bonds of 1893, of which all
except $80,000 (in the hands of unknown persons) have
assented to the plan. Of the $2,000,000 stock all has come in
except 107 shares, which cannot be located. The property,
in accordance with the plan, will be transferred to the new
corporation, the New Orleans City RR. Co.—V. 68, p. 824.
Delaware & Hndson Co.—Sinking Fund.—At the annual
meeting on Tuesday the stockholders adopted the ordinance
providing for the establishment of a sinking fund of not less
than five cents per ton of coal sold. This will amount to
$175J00 or $2n0,009 per year as a minimum charge before
dividends, and will be used whenever possible in retiring the
company’s securities. David W illcox was elected to the
hoard to succeed James A. Roosevelt, deceased,—V. 69, p.
871.
Detroit Street Rail nays.—Negotiations with City Beporfed Off.—A press dispatch says that negotiations for the
purchase of the street railways of Detroit by the city have
struck an obstacle. It is understood that the street-rail­
way interests decline to reduce their price of $17,100,000
in 4 per cent bonds, while the Commissioners feel that $15,500,000 is the maximum the city should pay.—V. 68, p. 670.
Diamond State Steel Co.-—New Enterprise.—This new
company will acquire, under lease, the works of the
Diamond State Iron Co., at, Wilmington, Dei., a regulardividend-paying companv. The $3,000,000 capital stock of
the new company was offered privately in Philadelphia last
week and largely over-subscribed. The shares are $10 each
and 50 per cent is called on subscription, giving the company
$1,500,000 cash. The main business is to be the manufacture
of open-hearth basic steel.
Domestic Sewing Machine Co.—Incorporated.—This com
pany filed articles of incorporation at Newark. N. J., o:
April 28. The capital stock is fixed at $755,000 in $100 shares
of which $1,000 is paid up. Incorporators: Andrew Kirk
Patrick and Edward Spaeth o f Newark and Harris Fahne
stock of New York City.—V. 68, p. 670.
Edison Electric Illum inating Company o f Brockton
Hass.—Bonds Called.—The first mortgage 6 per cent bond
have been called and will be paid on Nov. 1, 1899, at th
New England Trust Co., Boston.
Electric Storage Battery Co.—Basic Patent Upheld.—A
Boston on May 4 Judge Colt, in the United States Circui
Court, granted an injunction to restrain the Hatch Storag
Battery Co. from infringing the “ Brush patent” owned b
the Electric Storage Battery Co. The Judge said this paten
had been so many times sustained that a written opinio
was unnecessary.—V. 68, p. 871.
Empire Steel & Iron Co.—Properties Acquired.—The com
pany has acquired the following properties:
w X Pwlrn lafl,<;- ‘ h e p r o p e r t y o f th e G r e e n s b o ro F u rn a ce C o., G r e e n
o o r o , N. C., th e H e n r y C la y F u rn a ces o f R ead in g, Pa th e T o n to
Furnace In th e S ch u y lk ill V a lle y , th e V ic t o r ia F u rn a ce on the ClFes^
p e a k o & O h io R R . in V irg in ia , an d th e H u d d le s to n o r r p r o r m y i

[VOL. LXVIH,

th e P o tt s V a lle y , V a . B y le a se , th e V a le n tin e fu r n a c e p r o p e r t y a t
B e lle fo n te , P a. T h e c o m p a n y h a s a lso a c q u ir e d fo u r-fifth s o w n e rs h ip
o f th e s to ck an d se co n d m o rtg a g e b o n d s o f th e C ran e I r o n W o rk s o f
C a ta sa u q u a . T h e V ic to r ia p r o p e r ty is said t o b e th e la r g e s t fu rn a c e
in V irg in ia a n d th e C ra n e Ir o n W o rk s th e s e c o n d la r g e s t fu rn a c e
p r o p e r ty in E a ste rn P e n n s y lv a n ia .
O fficers—P re s id e n t, L. P e ck itt, C a ta sa u q u a , P a .: V ic e -P re s id e n t,
W a lte r K e n n e d y , P itts b u rg , P a.; G e n e ra l M a n a g e r, W . L . Sim s, N ew
Y o r k ; S e cre ta ry , G le n W rig h t, N e w Y o rk . E x e c u t iv e C o m m i t t e e A r ch e r B r o w n , E . R . C h a p m a n a n d W . L. Sims. T h e d ire c to rs in clu d e
th e a b o v e a n d W . E . S oa rritt, E . K . S o m m e rw e ll a n d F . M. J e ffe ry ,
N e w Y o r k o ffice , 71 B r o a d w a y .— V . 6 8 , p . 671.

RR.—

Erie
Quarterly — Earnings for the quarter and the
nine months ending March 31 were;
3 mos. enddross
in<i Mar. 3 1 earnings,

tret
earnings,

Other
incom e,

Interest,
taxes, <te.

B alan ce.
def.

1 8 9 9 ............. $ 6 ,6 8 4 ,3 5 2 $ 1 ,4 3 0 ,0 0 2 $ 3 9 ,7 5 8 $ 2 ,2 9 9 ,2 4 5 d e f.$ 7 6 9 ,4 8 5
6 ,5 4 7 ,9 4 8 1 ,4 7 9 ,1 9 0
2 8 ,8 1 2 2 ,1 0 4 ,5 6 2 d e f. 5 9 6 ,5 6 0
1 8 9 8 .............
9 months —
'
18 9 8 9 ......... $ 2 2 ,4 8 4 ,1 1 0 $ 6 ,6 1 1 ,2 5 7 $ 1 0 1 ,5 1 2 $ 6 ,6 17 ,149 1 s u r.$ 9 5 ,6 2 0
1 8 9 7 -8 ......... 2 3 ,3 2 6 ,2 2 4 6 ,7 6 3 ,7 1 6 1 0 1 ,0 2 4 6 ,2 7 6 ,0 9 5 su r.5 8 8 ,6 4 5
—V . 6 8 , p . 379.

Federal Sewer Pipe Co.—Incorporated.—This company
was duly incorporated in Delaware on Thursday to consolidate
the companies shown in the prospectus as published in the
C h r o n i c t j ! of April 8, page 671.

Line—Third

R R .-

Fifth Avenue Stage
Avenue
Control
Sold.—Vice-President Henry Hart o f the Third Avenue
R R . Co. has sold his controlling interest in the $50,000 stock
of the Fifth Avenue Stage Co., but the names of the new
owners are not made public.—V. 67, p. 1309 ; V . 68, p. 872.
Fitchburg
—Quarterly.—Earnings for the quarter and
the nine months ending March 31 were:

RR.

3 mos. end.
Gross
Mar. 31 .
earnings.
1 8 9 9 ................. $ 1 ,7 7 1 ,9 3 0
1 8 9 8 .............
1 ,6 4 1 ,0 6 5
9 m on ihs —
1 8 9 8 -9 ............. $ 5 ,7 0 0 ,9 1 7
18 9 7 -8 ......... 5 ,5 7 6 ,4 6 6

Net
earnings,

Other
income,

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

$ 1 6 ,9 4 -:
1 7 ,9 3 8

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

$ 5 6 ,9 0 8
5 5 ,9 6 6

Interest,
taxes, etc.
$ 3 8 4 ,8 4 0
3 9 6 ,3 5 9

S u rplu s.
$ 6 5 ,0 5 3
6 3 ,4 2 2

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

Dividends on preferred (4 per cent per annum) are paid
semi-annually, calling for about $151,000 quarterly. —V. 68,
p. 330.
F ort Wayne E lectric W orks o f Schenectady.—Incorpor­
ated.—This company has been incorporated by persons
identified with the General Electric Co., presumably as
successor of the Fort Wayne Electric Corporation, to manu­
facture and sell electrical and other apparatus; capital,
$500,000.
General Carriage Co.—Incorporated.—This company was
incorporated at Trenton, N. J., May 6, with authorized
capital stock of $20,000,000. $4,000 being paid as incorpora­
tion fee. Incorporators—Peter H. Evans, JamesU. Clarke,
Richard C. Ellis, E. Frederick Gentner and Robert I. McKinstry. The company will be allied with a company of
the same title organized under the laws of New York State,
with authority to “ purchase, construct and maintain a system
of backs, coaches or vehicles drawn or propelled by horse or
other power through any public road, street or highway in
any city of the first class.” The latter corporation can
charge not to exceed 75 ceDts an hour for each person in the
time service, not to exceed 25 cents a mile or fraction thereof
for each person for the mileage service, and not to exceed 25
cents a person upon the circuit service. L. D. Baldwin, of
Baldwin & Slater, 100 Broadway, attorney for the company,
says: “ The company proposes to establish a cheap cab ser­
vice, such as now exists in London and Paris.” The company
has acquired from Ihe New York Autotruck Co. all the
rights o f that company to carry passengers in New York
City with vehicles using compressed air. Frederick B. Esler
is President of the General Carriage Co. The capital stock
of the New York corporation is $1,000,000, with right to in­
crease the same.
Havana Commercial Co.— Officers.—The company has
elected the following officers: H. B. HolliDs, President;
Francisco Garcia, Vice-President and Resident Director, and
Ford Huntington, Secretary and Treasurer. The business
consists in the manufacture and export of Havana cigars and
cigarettes and Cuban leaf tobacco, and includes the follow ­
ing well known cigar factories and brands:
P e d ro M u rias, M an u el G a rola , L a F lo r d e Y n c la n , L a A fr io a n a . A n tls u e d a d , L a V e n e e d o r a , L a C a ro lin a , E l S lh o n e y (cig a r e tte s ), R o s a
A r o m a t io a , V llla r y V illa r, F lo r d e C u b a a n d F lo r d e M u ria s .

In addition, it is stated, the companv will acquire the
business of Francisco Garcia, Bro. & Co., who are exten­
sively interested in the Cuban tobacco trade. The capital­
ization. etc., will be found in Y . 68, p. 428, 473.
Hendersonville & Brevard R R .—Transsylvania R B.—
Successor Company.—The Hendersonville & Brevard R R.
was recently sold for $54,450 cash to the Toxaway Co. The
Transsylvania R R Co. has now been incorporated in North
Carolina to own the road, which extends from Henderson­
ville, N, C., west 21-6 miles to Brevard, and possibly to ex­
tend it about 12 miles southwest to Easteloe.
Herring-Hall-M arviu Co.-Instalm ent o f Assessment
Called.—“ A very large majority of the preferred stock or
voting trust certificates representing the same, and of the
common stock or voting trust certificates representing the
same, having been deposited under the provisions of the
plan of Jan. 16, 1899, and a very large majority in interest
of the creditors having become parties to said plan,” notice
is given that an instalment of $3 per share on the preferred
stock and of $1 per share on the common stock is called for

M ay 13, 1899.]

THE CHRONICLE.

927

payment, and will be payable at the Continental Trust Co., Bruns & Co., 7 W all Street, New York City, and by John W .
30 Broad St., New York, on or before May 39.—V . 68, p. 823. Belches & Co.. 40 State St,, Boston, M ass.' For 100 shares of
Hooking- T alley Railway.—Directors.—The directors a re : preferred stock the person subscribing will be entitled to
seventy-five shares o f common stock. Registrars of stock,
M essrs. C H , C oster a n d G e o rg e S. B o w d o in , o f J. P . M o re a u <fe C o.;
T h o m a s F . R v a n , C. B. A le x a n d e r a n d R . M. G a lla w a y , all o f M ew American Exchange National Bank, 115 Broadway, New
Y o r k ; N. H oiiB arrat, P resid en t, an d P .W . H u n t in g to n . C olu m b u s, an d York.—V. 68, p. 772.
M y ro n T. H e rrick o f C le re la n d .— \T. 6 8 , p . 8 2 3 .
Kern Incandescent L ight Co.—New Enterprise.—This
Hndson River Gas k E lectric Co.—Bonds Offered.— W il­ company was incorporated at 'Trenton, N. J., on Monday,
son & Stephens offer at 103 is and interest the unsold balance to manufacture a patent gas burner which, it is claiApd,
of tbi3 company’s $3-10,000 first mortgage refunding gold us, produces a steady white light with perfect combustion,
thereby effecting an important saving. The authorized
dne May 1,1929; State Trust Co. trustee.—Y. 68, p. 824.
capital stock is $12,000,000, of which $4,000,000 is 7 per cent
Indianapolis Street Ry.—Indianapolis k Broad R ipple cumulative preferred. The companv owns the American
Rapid Transit Co.—Consummation o f Deal with City.—"The
stockholders o f the Citizens’ Street RR. Co. on May 3 rati­ patents obtained by Orman Kern. Tbe company will have
fied the sale of the company’s Drop-rtv and franchises to the offices at 100 Broadway.
Kingston & Pembroke Ry.—Luted.—The New York
Indianapolis Street Railway Co., and on May 4 the latter
company formally filed documents surrendering to the city Stock Exchange has listed the company’s $2,204,400 common
the franchises of both the Citizens’ and the City Co., as also stock and $1,0; 0,000 first preferred 5 per cent non-cumulative
certain other property. The Boar i of Public Works there­ stock.—V. 68, p. 130.
upon passed a resolution accepting the transfer. The agree­
Lewis Motor V ehicle Co.—Gasoline Motor.—This com ­
ment with the city, as already outlined, is therefore opera­ pany, which was recently incorporated in New Jersey with
tive (3se V. 68, p. 723).
$5,000,000 o f authorized capital stock, o f which $500,000 is
Controlled.—The Indianapolis & Broad Ripple Rapid preferred and in the treasury, is tbe owner of twenty
Transit Co., it is announced, is now owned by interests patents issned to George G. Lewis, of Chicago, for gasoline
friendly to the Indianapolis Street R y., but its separate or­ engines and gearing appliances for the purpose o f controlganization. it is understood, will be maintained for a time ing , under all conditions, motor vehicles. Sample wagons
at least. W. H. Schmidt of Indianapolis has been elected are being constructed, and it is the purpose to organize
President of the Rapid Transit Co. and W . F. Milholland auxiliary companies throughout the United States, who will
Secretary, while H. M. Bates and George S. Pbiller o f Phila­ manufacture vehicles on a royalty to the parent company.
delphia are members o f the board.—V. 08, p. 723, 871.
The promoters claim that this motor vehicle excels all
Illin ois Electric Vehicle Transportation Co.—Electric others ; that it can be propelled 100 miles bv the use o f 5>£
gallons
of gasoline at a cost not exceeding 60 cent*: aud can
Vehicle Co.— Electric Storage Battery Co.—Siemens k
Halske Electric Co.—Incorporates. —The Illinois Electric be made to run from 51^ miles to 18 miles an hour without
odor or heat. Walter 13. Graham is President, Room 533
Vehicle Transportation Co. was Incorporated at Trenton,
J., on May 5, with a capital stock of $25.0< 0,000(all common), Drexel Building, Philadelphia.
to control the automobile business in Illinois. Incorporators;
Long Island RR. Co.—Rapid Transit in New York City.
James E. Hayes, of Camden, and Augustus Treadwell and — East River Tunnel Bill a Law— Rapid Transit Bill Dis­
Arthur Phillips, of New York.
approved.—Gov. Roosevelt on Thursday signed Senator
The Chicago Electric Vehicle Co., said to be an independent Marshall’s bill, which makes it possible for the Long Island
corporation, was also incorporated, with a capital stock of R R Co to obtain a fifty-year franchise for its proposed tun­
$1,000,000, by Orson D, Fox, Smith C. Shed rick, John Trier, nel road from Brooklyn to Manhattan. The measure amends
Gustav Lokas, M. M. Ohesronn and J. W. Creekmurall, all Section 73, Chapter 378 of the city charter as follows:
o f Chicago, and David Harvey. Jr., o f Asbury Park, N. J,
T h e M u n icip al A s s e m b ly I* h e r e b y a u th o riz e d , In lt« d is cr e tio n , t o
Purchase.—Relation o f Companies.—Attorney Levy Mayer, g ra n t a fra n ch ise o r r ig h t t o a n y ra ilr o a d c o r p o r a t io n to u s e a n y o f
General Counsel of the Storage Battery syndicate, on May said streets, aven n e*. p a r k w a y s o r h ig h w a y s In th e o lty o f N e w Y o r k
f o r the co n s tr u c tio n an d o p e ra tio n o f a tu n n e l ra ilro a d u n d e rn e a th
5, in Chicago, gave ont the following statement:
su rfa c e th e r e o f fo r th e p e r io d o f fifty y e a r s , a n d a n y su ch g ra n t
"The Electric Vehicle Co. yesterday completed the purchase the
m a y at th e o p tio n o f th e o lty p r o v id e fo r g iv in g t o th e g ra n te e the
of the Siemens & Halske Elec, Co. of America, whoee plant is righ t, on a fa ir r e -v a lu a tio n o r r e v a lu a tio n s, to r e n e w a ls n o t e x c e e d ­
located in thig city. The Siemens company bought and en­ in g In th e a g g re g a te tw e n t y fiv e y e a rs, p r o v id e d , h o w e v e r , th a t su ch
all o n ly be m ad e a fte r an a g r e e m e n t h a s open e n te r e d In to b y
larged the old Grant locomotive works a few years ago. The gs ur achn tash
tu n n el c o rp o r a t io n t o p a y to th e C ity o f N e w Y o rk 3 p e r ce n t,
plant covers seven acre* and has facilities for the employ­ o r no m u ch th e re o f as m a y be, o f th e not p ro fits d e riv e d fro m th e nee
ment of 2,000 men. Isaac L. Rice, who is the President of o f a n y tn n n e l w h ich it sh all c o n s t r u c t, a fte r th e re sh all h a v e first
re ta in e d b y su ch c o m p a n y fro m su ch n et p ro fit* a sum e q u a l to
the Electric Storage Battery Co. and of the Electric Vehicle b5een
p e r o e n t u p o n the su m e x p e n d e d t o c o n s t r u c t s u ch tu n n e l.”
Co. was elected President of the Siemens company.
Mayor Van W vck on Thursday sent back to Albany with­
“ To-day there was completed the Illinois Electric Vehicle
Transportation Co., which was organized and is controlled by out bis approval, and thereby killed, tbe amendments to tbe
the Electric Vehicle Co., which is the parent company. The Rapid Transit law (see V. 68,'p. 835). He was led to disap­
Illinois company will go into operation at once. Samuel In- prove the amendments, it is said, because he considered that
sull will become its President. It, as well as the other elec­ the Marshall Tnnnel bill would permit nil to be done that
tric vehicle companies in the West, will be supplied with the amendments to the Rapid Transit A ct sought; in other
electric equipment to be manufactured at the Siemens & words, if it is desired that private capital shall build, a fiftyHalske works. The board of directors of the Illinois Com­ year franchise can be granted by the Municipal Assembly.
pany will be composed o f some of the most representative So far as the Rapid Transit Commission is concerned, its
men of Chicago. The company will at once enter upon the scope for action is limited as heretofore to construction with
business of operating electric transportation and delivery city money. The Commissioners gave out the following :
T h e M a y o r 's v e to p u t* an e n d l o the d U ou »*lon o f a n y a p p e a l b y us
wagons of all kinds.
p riv a te ca p ita l I n b e h s lf o f ra p id tra n sit. A ra p id tra n sit ra ilro a d
‘ The Electric Vehicle Co. has made a contractnal alliance to
m u st n o w b e b u ilt b y th e c it y o r n o t a t all. T h e e x is t in g la w Is a b u n ­
with the Pone Manufacturing Co., ofJHartford, to manufac­ d a n tly su fficient f o r th a t p u rp ose. T h e r o u te s a n d p la n s h a v e b e e n
ture automobiles. [SeeColumbia Automobile Co. preceding.] fo r m a lly a p p ro v e d b y a ll the m u n icip a l a u th o ritie s a n d b y th e Su­
re m o C ou rt. B u t o n e tilin g 1* n o w n e ce ssa ry , a n d th a t Is tb e c o -o p ­
Back of all these electric vehicle companies is the Electric epra
tio n o f tb e e x e c u t iv e a u th o ritie s o f tb e c it y —th a t Is to sa y . th e
Storage Battery Co., which owns the underlying storage bat­ M a y o r a u d o th e r m em b ers o f th e B oa rd o f E stim a te an d tb e C o rp o ra ­
tery patents. That company will supply the vehicle and tio n C o i u * l . T h e c o n t r a c t fo r c o n s tr u c tio n In fo rm fo r p u b lio a d ­
in g w as su b m itte d to th e C o r p o r a tio n C ou n sel th irte e n m on th s
transportation companies with storage batteries. The elec­ va eg rotis
. T h e la w re q u ire * b is fo r m a l a p p ro v a l. T h e b o a rd c a n n o t m o v e
tric vehicle interests have recently purchased the snbstantial u n til he sh all aot. T h e n e w a sse ssm e n t w ill cre a te a d e b t-in cu rrin g
control of the solid-rnbber tire patents and industry of the c a p a c ity o f the c ity su fficie n t fo r ra p id tra n sit. I f th e B o a rd o f E s t i­
United States. The chief owners of the electric vehicle and m a te w ill p r o m p tly p le d g e to ra p id tra n sit so m u ch a s Is n e ce s s a ry
d th e C o rp o ra tlo n cSnumol w ill re tu rn th e fo rm o f c o n t r a c t w ith his
storage battery enterprises are William C. Whitney, P. A. an
a p p ro v a l, this b o a rd ca n In sta n tly p ro c e e d . O th e rw ise th is b o a r d Is
B. Widener, W . L. Elkins, Martin Maloney, Base L. Rice, a b s o lu te ly w ith o u t fa rth e r p r a c t ic a l p o w e rs.
Thomas Dolan, Anthony N. Brady, Thomas F. Ryan, and
Mortgage Authorized.—The Long Island stockholders on
others,—V. 68, p. 822, 871.”
May 6 duly authorized the proposed mortgage for $45,International Automobile k Vehicle Tire Co.— SubseHp CkjO.OOO to secure bonds to bear not exceeding 4 per cent
tion.—This company was incorporated recently under the interest and to mature in 1949. The purposes for which the
laws of New Jersey, with capital stock consisting o f $1,500,- new bonds may be sold were stated in an official circular,
000 7 per cent non-cnmnlative preferred stock and $1,500,000 which was cited in the C hronicle of April 1, page 618.—
V. 68. p. 871, 872.
common stock. The company’s prospectus says;
Lynn & Boston R R .— Loweli Lawrence & Haverhill
T b e b n sln e** o f th e c o m p a n y 1* tb e m a n u fa ctu re o f r u b b e r tire* fo r
a u to m o b ile * and all o th e r k in d * o f v eh icle*, anrl k ind red bu sin ess. Street Ry.— Pending Consolidation.—The latest report re­
T h e c o m p a n y has p u rch a se d the N ew ton R u b b e r W ork s, o f N ew ton garding the consolidation of street railways that is pending
U p p e r F all*, M as* ; th e r u b b e r tire bu sin ess o f b . C. C ha se dr. C o., o f
B o s to n , M as*., an d the A m e rica n T ire f'o , o f N ew Y ork . E m b ra ced in Eastern Massachusetts is that the roads to be included ag­
la th e se p u rch a ses are p a ten ts c o v e r in g t h e o n ly p r a c t ic a l p n en m a tlo gregate nearly 700 miles o f track and embrace the lines cen­
tire s fo r h e a v y v e h icle s , as w e ll » s the se c tio n a l tire, and the w ell- tering at Brockton, the Lowell Lawrence & Haverhill, the
k n o w n " A p e * " an d Chase " T o u g h T r e a d ” tire*. T h e se p a te n ts p ra c­
t ic a lly g iv e this c o m p a n y th e c o n tro l o f the t ire bu slns«a fo r a u to m o ­ Boston & Quincy, the Lynn & Boston, most of the roads cen­
b ile* a n d o th e r v e h ic le s . T h e c o m p a n y has a c o n t r a c t t o s u p p ly all tering in Salem, the Newport & Fall River, owned by the
th e ru b b e r tires t o b e lined b y the In tern a tion a l P o w e r C o. o n their Newport Street Railway Co., the Globe Street Railway of
a u to tru ck s in th is c o u n tr y an d In E u ro p e , a n d has In c o n te m p la tio n
Fall River and the Taunton Street Ry. The consolidation,
e x te n s iv e p la n s fo r fu rth e r d e v e lo p m e n t In E u rop e,
O fficers.— E d w a rd E. M cC a ll,P resid en t {C ou n sel N ew Y o rk L ife In su r­ it iB said, will be on a capitalization of $23,000,000, one-half
a n ce C o. i; R ich a rd C rok er, J r .. V ice -P re s id e n t (o f the A u to tr u ck C om ­ of which will be common and the other half preferred 4 per
p a n y ); A. H AJden, T re a su re r (T rea su rer N ew Y o rk C om m e rcia l Co. cent cumulative. Tucker, Anthony & Co. and E. Rollins
Offers for subscription to 10,000 shares of the preferred Morse & Bro. have the consolidation in charge.—V. 68, p.
stock of the par value of $100 each were received by Brown, 672, 673,

N.

928

THE CHRONICLE

[V o l . LXVIII.

The office will be in the Edison Building, in Duane Street.
Metropolitan Street By. o f New York.—Air Power Cars
in Use.—The company began to operate one of the com­ —V. 68, p. 824.
pressed air cars on the Twenty-third Street line on April 26,
New York New Haven & H artford.—Quarterly.—Earnings
and has since then had several of them in nse on that line, for the quarter and the nine months ending March 31 were:
familiarizing the motor men with their management. The 3 mos end. Gross
Net
Other
Interest,
B alan ce,
experiments with the new cars are said thns far to have
M ar 3 1 . earnings,
ea rnlog s. incom e.
taxes, etc.
su rp lu s
been successful. The Twenty-eighth and Twenty pinth Street 18 99 . . . . $ 8 ,2 0 7 ,5 1 1
$ 2 ,4 1 5 ,0 7 4 $ 8 7 ,8 5 8
$ 1 ,9 4 8 ,3 0 5
$ 5 8 4 ,6 2 7
1 ,8 0 9 ,3 9 7 6 2 ,5 1 6
1 ,5 0 8 ,5 6 9
3 6 3 ,3 7 4
line is being laid with 100-pound rails, and it is expected 1 8 9 3 . . . . 6 ,7 7 1 ,0 2 9
shod^ly to begin operating that line and also the line con­ 1 899mos.—
8 -9 ..$ 2 8 ,4 2 2 ,6 1 5 $ 9 ,7 3 2 ,9 2 3 $ 6 0 8 ,9 9 1 $ 5 ,8 3 5 ,2 4 8 $ 4 ,5 0 6 ,6 6 6
necting West Twenty third Street with East Thirty fourth 1 8 9 7 - 8 . . 2 2 ,7 0 4 ,9 9 7 7 ,4 9 3 ,5 6 7 1 8 6 ,9 1 6 4 ,6 2 7 ,9 3 6
3 ,0 5 2 ,5 4 7
Street with the new cars. Nearly all o f the cross-town lines
Earnings of New England R R ., Shepaug Litchfield &
and also the Seventh Avenue, it is said, may before long be Northern and three Sound line properties are included in
similarly operated. The air power cars, it is understood, 1898- 9.—V. 68, p. 474,
were regularly installed on the night service of the TwentyNew York Ontario & Western
Quarterly.—Earnings
third Street line on Thursday night.—V. 68, p. 774.
for the quarter and the nine months ending March 31 were:
Michigan Peninsular Car Co.—Payment o f Bonds.—The 3 months endGross
Net
Other
Interest, B alan ce,
$2,000,000 first mortgage 6s of 1892 have always been looked
ing M ar. 3 1 . E arn ings.
E arn ing s, income, taxes, etc. su rplu s.
$ 3 5 4 ,7 0 8 $ 5 4 ,5 2 5 $ 2 4 6 ,0 0 2 $ 1 6 3 ,2 3 1
upon as not subject to call. The company, however, having 1 8 9 9 .....................$ 1 ,0 2 4 ,5 7 4
2 3 4 ,8 0 0
2 1 ,4 3 0
2 1 4 ,5 8 4
4 1 ,6 1 6
sold its property, claims the right to retire them by virtue 1 8 9 8 ..................... 8 5 5 ,2 2 1
onths —
of a clause which appears in connection with the provisions in 1 899m
8 -9 ................. $ 3 ,1 7 0 ,2 1 9 $ 1 ,0 9 5 ,4 6 8 $ 9 7 ,1 8 1 $ 7 0 9 ,5 1 0 $ 4 8 3 ,1 3 9
case of default, and which states that “ upon any sale of the 1 8 9 7 -8 ................. 3 ,0 3 7 ,8 0 2 1 ,0 0 6 ,0 7 5 6 5 ,4 3 5 6 8 4 ,0 5 9 3 8 7 ,4 5 1
property and franchises” the principal of all the bonds shall —V . 6 8 , p . 4 7 4 .
become due. Notice is given that the bonds will be paid at
North Chicago Street
West Chicago Street
105 and interest on or before June 1, at the Guaranty Trust Pending Negotiations.—'The negotiations for the control of
Co., interest ceasing June 1.—V. 68, p. 331.
these properties by an Eastern syndicate are said to be pro­
Mississippi Valley Telephone Co.—Mortgage.— The com­ gressing satisfactorily. The Chicago Consolidated Traction
pany has made a mortgage to the St. Louis Trust Co. as Co. also is likely to be acquired, but the Chicago City Railway
will probably be omitted, owing to the high price asked
trustee to secure $500,000 of $1,000 5 per cent bonds.
for control. The elevated roads, are not embraced in the
Municipal Traction Co. o f Denver, Col.— Opposition Com­ present merger, but may be taken over at a later day. Mr. W .
pany.—This company has been incorporated with an author­ L. Elkins of Philadelphia was quoted on Thursday as saying
ized capital stock of $1,000,000,to build a street car system in that the Consolidated Company will be known as the Chi­
Denver in opposition to the consolidated company.
cago Traction Co., and will be authorized to issue about
Nashville & Decatur RR.—L ouisville & Nashville RB.— $30,000,000 of stock (common and preferred), nart o f which
Neu- Lease<— A press despatch yesterday afternoon from will be issued at once in order to unite the West Chicago,
Nashville said: “ Committees from the stockholders of the North Chicago and Chicago Consolidated Traction com­
two roads have agreed upon the terms for a new lease of the panies. —V. 68, p. 725.
Nashville & Decatur by the Louisville & Nashville. The
Oxford Lake Line o f Anniston, Ala.—Foreclosure—On
lease is to be for ninety-nine years, and stockholders o f the May 6 the Southern Banking & Loan Co. of Atlanta filed a
leased road will receive 7)^ per cent annually on their hold­ hill to foreclose the first mortgage of 1892 for 8175,000.
ings. The new lease goes into effect July 1, 1900. The Howard W . Sexton, the President and General Manager,
capital stock of the Nashville & Decatur is now approxi­ was made receiver. No interest, it is said, has ever been
mately $2,500,000, with $2,000,000 of ,7 per cent bonds, which paid on the bonds. The suit is preliminary to reorganization.
will soon be retired, the stock being issued in their stead.’
Pacific Coast B iscuit Co.—Bonds.— Properties Merged.—
The stock of the Nashville & Decatur is now receiving 6 per
This company, in addition to its $2,500,000 common and
cent per annum.—V. 68, p. 774.
$1,500,000 of 7 per cent cumulative preferred stock, will
National Car Equipment Co.—Incorporated.—This com­ create $1,500,000 o f 6 per cent 20-year gold bond?. Bonds and
pany, with an authorized capital stock of $10,000,000, was in­ preferred stock to Ihe amount of $250,000 each will be retained
corporated in California on May 6 “ to obtain control of pat­ in the treasury for building plants and for betterments.
ents. now in possession of a local corporation, for preventing The company, it is said, will have $350,000 o f working capi­
the flattening of car wheels and for regulating the pressure tal. It is thought that the company has a working agree­
of air brakes.” Incorporators: John Dolber, Henry F. Al­ ment with the National Biscuit Co., one agreeing not to
len. John A. Hooper, Rudolph Spreckels, Richard W . Gor- operate east and the other not to operate we3t of the Rocky
rell, Joseph H. Thompson and W . H. Chickering,
Mountains. The Pacific Coast Co. merges the following:
A m e r ic a n B is c u it C o ., S an F r a n c is c o ; P o r t la n d C r a c k e r C o., P o rt­
National E lectric Co.—New Philadelphia Company.—
This company, with $25,000,000 of authorized capital stock la n d , O re .; W a s h in g to n C ra o k e r C o., P o rtla n d ; S ou th C a lifo r n ia
C ra ck e r C o., L o s A n e e le s , C al.; S ta n d a rd B is c u it C o ., S an F ra n o is c o ;
|in shares of $50 each, all common], was incorporated at O re g o n C ra ck e r C o J P o r t la n d , a n d S e a ttle C r a c k e r & C a n d y C o.,
Trenton, N. J., on May 1 to make and supply coke, gas, oil, S ea ttle, W ash.
electricity, heat, compressed air, liquefied air or any power
The consolidated company practically controls the Pacific
now known or which may hereafter be discovered. The oper­ Coast trade in biscuits, crackers and cakes. Ptospecins fays:
ations of the company, it is said, will be confined mainly to
A.
W . K in n e a r, a u d ito r a n d a c o o u n ta n t o f C h ica g o , ce rtifie s th a t
the neighborhood of Philadelphia.
th e p re s e n t e a rn in g s o f th e c o n s t itu e n t co m p a n ie s a m o u n t t o $ 2 5 5 ,Of the 500,000 shares, it is stated, there has been issued 0 0 0 , an d are su fficie n t to p r o v id e f o r th e p a y m e n t o f 6 p e r c e n t in t e r ­
on the p r o p o s e d issu e o f b o n d s , f o r a sin k in g fu n d o f $ 2 5 ,0 0 0 ,
200,000, of which 50,000 (S10 paid) have been sold to the pub­ ewsth ich
it is in te n d e d t o esta b lish f o r th e ir r e t ir e m e n t ; t o r th e p a y m e n t
lic at $10 50 per share. The directors include:
o f 7 p e r c e n t d iv id e n d s o n th e p re fe rr e d s to ck , a n d to le a v e a su b­

Ry.—

RB.—

T liom a s M . T h o m p s o n , e x -D ir e c t o r o f P u b lic W ork s; D r. J o h n V .
S hoem aker, C la ren ce W o lf, o f H . P. B ach m an & C o. an d W o lf B ro s.;
W in th ro p S m ith, o f W in th r o p S m ith & C o., an d Isa a c S w eig a rd , G e n ­
era l S u p erin ten d en t o f the R e a d in g R a ilr o a d C om p a n y.

The Cheltingham and Overbrook Electric Lighting Com­
panies, operating in the northern part of Philadelphia, it is
understood, will be turned over to the company. Negotia­
tions for the Chester electric light plant and other properties
are reported pending. William H. Harrity, is mentioned as a
leading spirit. H. F. Bachman & Co. and Winthrop Smith
& Co., of Philadelphia, are the bankers interested in the en­
terprise.
National Steel Co.— Coking Property Purchased.— At
Pittsburg on May 8 the Continental Coke Co., representing
the National Steel Co., closed a deal for the purchase of 717
acres of coking property, known as the Thompson tract, in
the Connellsville district, at $1,100 an acre, or $788,700 in all.
Recently the company bought a contiguous tract of 1,132
acres from the H. C. Frick Co. A contract for 600 new
ovens, to cost $150,(00, it is stated, will be awarded in a few
days. The coal is described as of good quality and nine feet
thick.—V. 68, p. 672.
New York (las & Electric Light, Heat & Power Co.—
Acquisition. —The United Electric Light & Power Co., con­
trolled by the Westinghouse interests, and the only electric
light company in the city not already owned by the New
York Gas & Electric Light, Heat & Power Co., is stated to
have been acquired by or in the interest of the last-named
company. The reported sale o f the U. E. L. & P. Co. to the
Consolidated Gas Co. is officially denied.
Officers.—The directors and officers are :
D ireotora .—A n th o n y N. B ra d y, T h om a s E . M u rray, J . N. W alla
D a n iel F. Shea. C. M. F lin t, T h om a s J . R e a g a n an d J . F. Y a w g e r
O fficers. —P resid en t, A n th o n y N. B r a d y : S e o r e ta r v ,F r a n k L>. All<
T re a su rer, H e n ry J . H em m e n s ; G e n e ra l M a n a g er, T h om a s E . M urr

RR.—

sta n tia l b a la n ce a n p lic a b le t o th e p a y m e n t o f d iv id e n d s o n the
co m m o n s to ck , w liioh w o u ld b e in c r e a s e d to o v e r $ 4 0 0 ,0 0 > b y tb e in ­
c re a se d e a rn in g s an d e c o n o m ie s u n d e r co n s o lid a tio n . T h e h o o d s ru n
f o r t w e n t y y e a rs, w it h th e p riv ile g e t o t b e c o r p o r a t io n o f b e in g r e ­
tire d , a n y o r a ll, b y lo t, a t a n y tim e a fte r t e n y e a r s , a t 105 an d in t e r ­
est. B e g in n in g 3 y e a rs fr o m tb e d a te o f o r g a n iz a tio n , a sin iting fu n d
o f $ 2 5 ,0 0 0 p e r a n nu m w ill b e se t asid e fr o m th e n e t e a rn in g s a fte r
p a y m e n t o f in te re st o n th e b o n d s a n d d iv id e n d s o n t h e p re fe rr e d
s to ck . N o d iv id e n d s, h o w e v e r , sh a ll b e d e cla re d on th e c o m m o n s t o ck
in a n y y e a r u n til an a m o u n t e q u a l t o tb e a b o v e a n n u a l p a y m e n t t o
th e sin k in g fu n d is first set asid e.—V . 6 8 , p. 8 7 2 .

RR.—

Pittsburg Bessemer & Lake Erie
New Stock and
Bonds fo r Funding.—The stockholders on May 5 authorized
the proposed issue of $2,000,000 six per cent cumulative pre
ferred stock, to be sold to stockholders at par, and also of a
like amount of 5 per cent debenture gold bonds, of which
$1,500,000 to be sold and the remainder held in the treasury.
The securities will discharge the company’s entire floating
debt, incurred for improvements, etc.
Condition o f Property.—The “ Pittsburg Commercial
Gazette” on May 6 said:
T h e c o m p a n y h a s b e e n m a k in g g r e a t a n d o o s t ly Im p r o v e m e n ts t °
the ro a d , an d th e n e w se c u r itie s a r e is s u e d t o w ip e o u t the d e b t so
ca u se d . N o th in g e x te n s iv e is n o w p la n n e d in th e w a y o l im p r o v e ­
m e n t. N ew d o c k s a re b e in g c o n s t r u c te d a t C on n ea u t, an d th e n e w
H o m e ste a d d o ck s b e in g b u ilt b y tb e U n io n R a ilro a d w ill b e a n im ­
p r o v e m e n t o f im p o r ta n c e to tb e P itt s b u r g B e s s e m e r & L a k e E r ie R R .
T h e la t te r ro a d is m e x c e lle n t c o n d itio n . T h e c o m p a n y o p e ra te s a
t o ta l o f 227 m ile s o f tra o k . T h e e n tire lin e is la id w ith 1 0 0 p o u n d
steel ra ils, m a x im u m g ra d e s a re 3 0 fe e t to th e m ile a n d 8 0 p e r c e n t o f
the lin e is straight, tra ck . F ift y -o n e lo c o m o t iv e s are in u s e an d 2 ,7 0 6
ca rs, m o s t o f th e fr e ig h t e ars b e in g s te e l h o p p e rs o f im m e n se c a p a c ­
it y . T h e m a n a g e rs a n tic ip a te a h e a v y o re m o v e m e n t th is se a so n . A
c a rg o w a s r e p o r te d d u e at C o n n e a u t y e s te rd a y Iro m the h ea d o f th e
la k e s. T h is is m irch e a r lie r th a n w a s p r o m is e d s o m e tim e a g o , a l­
th o u g h it is la te r th a n la st y e a r. A t th e C o n n e a u t d o ck s tw o s h if t !
w ill be o rg a n iz e d , so th a t the u n lo a d in g o f ore w ill g o o n c o n t in u o u s ­
ly .— V. 6 8 , p . 52 5

Pittsburg Co.—Bonds Called.—A 'l the outstanding bonds
secured by mortgage bearing date Jan. 1, 1892, to tbe New

Mat 13, 1899]

THE CHRONICLE

929

Co., the Brush Electric Co. and the Northern Electric Co.,
forming the United Electric Light & Power Co., was con­
summated on May 6. The consolidation gives the Brown
Syndicate full control of the street railway and electriclighting systems in the City of Baltimore. The United
Electric Light & Power Co. and the United Railway & Elec­
tric Co., however, will remain distinct corporations, though
having the same officers.
Stock.—The United Electric Light & Power Co. is author­
ized to issue §2,000,000 common and $1,000,000 of 5 percent
cumulative
preferred stock, all in $50 shares. Of the com­
A u g u st B elm on t, M y ro n C. W ic k , G ra n t B . S ch ley , R a n d o lp h S.
W a rn e r, G e o rg e E. S h eld on , J . G . C a ld w e ll, G . W a ts o n F re n ch , A l e i is mon stock 14,584 shares, it is stated, will be exchanged for
W . T h o m p s o n , J o h n F. T a y lo r , T. A . M ey sen b u rg , L. E. C och ra n , 7,292 shares of the common stock of the Brush Company and
Ja m es C. C orn s, H. W . H a sstn g er, P. L. K im b e r ly , G e o rg e M . B a rd , 25.416 shares, together with 14,000 shares o f the preferred
Sam uel T h om a s, S. J. L le w e lly n an d H a rry R u b in s.
P re s id e n t, R a n d olp h S. W a r n e r ; F irs t V ic e -P re s id e n t, G e o r g e D . stock, for entire capital stock ($1,000,000) of the Edison
Company, comprising 10,000 shares of §100 each. The new
W ic k ; S e co n d V ic e P res id en t, S am u el T h o m a s ; T h ir d V ic e P re s id e n t.
J a m e s C. C orns ; F o u rth V ic e -P re s id e n t, G e o rg e M . B a r d ; S e cre ta ry , company will also acquire the $100,000 mortgage bonds and
S ilas J . L le w e lly n ; T rea su rer, J o h n F. T a y lo r.
The new company will have its headquarters in the Stock the $400’,006 capital stock of the Northern Electric Co. at par.
B< nds.—The company has made a first consolidated mortgage
Exchange Building, Chicago, and a branch office in this city. for
$4,500,000 to the Maryland TrnstCo.. as trustee, toaecnre
It is understood that the property embraces sufficient fur­
41, per cent 30-year gold bonds drawing interest from May
nace capacity to produce all its own pig iron, sufficient 1, 1899mines and ore lands to supply its ore wants and enough
Offieers,—The officers of the new company are:
coal lands to supply the demand for coal o f its Southern
P resid en t, N e lso n P errin ; V ic e -P re s id e n t , JosiaU L . B la c k w e ll;
plants,— V. 68, p. 674, 872.
T re a su re r, J o h n W . E lla r d ; S e c re ta r y , W . S tu a rt S y m in g to n ; D ir e c ­
Rochester & Irondequoit (Street) R R .—Receiver.—On t o r s —A le x a n d e r B r o w n . N e lso n P e rrin , J o s e p h W . J e n k in e , J r ., S C.
application of the Rochester Trust & Safe Deposit Co., A d le r , EL C r a w fo r d B la c k , W .T . D ix o n a n d JesfiO H U les,— V. 6 8 , p . 4 8 0 .
mortgage trustee, Justice Dunwell, at Rochester on Thurs
United Power & Transportation Co.—Official Statement.
day, appointed H. F. Atwood receiver of this street railroad. —“ This company was organized under the laws of New Jer­
Interest due on the first mortgage in April, 3898, it is stated, sey. with a capital of $12,500,000, and is given the tight to
remains unpaid and the floating debt aggregates $233,000.— construct, operate and own street railways, power com­
V. 67, p. 1209.
panies of all^descriptions, bny and sell real estate and do a
St. Louis Indianapolis & Eastern RR.—.Foreclosure.— general business, etc. At the present time there will be
issued
125,000 shares, upon which a call of $t0 has been
At Springfield, 111., m the U. S. District Court, a bill has
been filed by the Central Trust Co., asking for a decree made; the par value of the shares being $25 each. The
o f foreclosure under the first mortgage for $790,000, interest company at the present time has acquired either for cash or
on which is in default. Control of the property recently for collateral trust 4 per cent certificates, the following
passed to the Illtnois Central, and the foreclosure suit is street railway systems:
U n ite d T ra ct io n C o. o f R e a d in g . P a.
brought to acauire clear title.—V. 68. p. 618.
York Guaranty & Indemnity Co. have been called for re­
demption, and will be paid on July 1,1899, at the Guaranty
Trust Co. of New York.—Y. 66, p. 1190.
Quincy & Boston Street Ky.—Option to Sell —The direc­
tors notify stockholders that parties controlling a majority
of the capital stock have given an option on their shares to
John A. Graham at $150 per share; all stockholders may
participate on the same terms.—V. 68, p. 724.
Bepublic Iron & Steel Co.—.Directors.—The following
have been elected directors:

L e b a n o n V a lle y s t r e e t R a ilw a y C o. o f L e b a n o n , P a.

I t o x b o r o C h estn u t H ill A N o r ris to w n S treet R a ilw a y C o.
Seattle A San Francisco Ry. A Navigation Co.—Mortgage
F ra n k fo rt T n c o n y A H o tm e s b u rg R a ilw a y Co.
Filed,—The company has made a mortgage for $1,500,000 to
W ilm in g to n A C h e ste r T r a c t io n C o.
the Metropolitan Trust Co. o f New York as trustee, to
“ The new company has also acquired several electric light­
secure 5 per cent gold bonds dated Apr. 1, 1899. and due
Apr. 1. 1939. The company was incorporated a few weeks ing companies, but this information, as yet, is not ready for
ago with $3,000.0< 0 of authorized capital stock, the Presi­ announcement."
A majority of the stock o f the United Traction Co. has
dent being W. E. Guerin, formerly President of the Columbus
Saednsky & Hocking RR. Mr. Guerin writes us as follows: been acquired on the terms mentioned last week, and the
T he c o m p a n y o w n * a b o u t 2 ,0 0 0 aor*v« o f v a lu a b le c o a l la m ia a b o u t minority interest will receive the same treatment if de­
th irty m ilt* w su th ca attrly fr o m Staattlft, *c«l e x p e c t * Ita p rin cip a l buaiposited on or before May 20. The bonds to be received in
n**a to b* in c o n n e ctio n w ith c o a l. an d ita t ra n s p o rta tio n fr o m the
m ine* to S +attle, th en ce v i a v e a o e la to all C a lifo r n ia p oin t*, t o A laska , exchange are 4 per cent gold trust certificates, bearing in­
H t a o ln lu , anti su ch o th e r marke t.* a* a rc re a ch e d b y c o a l fr o m thU terest Irom July 1, 1899.
t e rr ito ry . T h e bual&oxs w ill in c lu d e a ll c l* 4 8 6 i o f fr e ig h t, s l* o p a s s ­
The $800,000 stock of the Frankfort Tacony & Holmesburg
en g ers.
The necessary 35 miles o f railroad, it is expected, will be Ry., it is stated, is acquired on the bans of $35 in 4 per cent
trust certificates for each $50 share, the United Co. also
in operation by Oct. 1, 1899.
assuming the $409,000 first mortgage 5s o f the Holmesburg
Sonthern Car & Foundry Co.—Stock Increased.—This com­ Co. According to tbe Philadelphia “ Times” of May 11 the
pany, incerporated in New Jersey last mo th with a capital new company baa acquired also the Delaware County &
stock of $75,000, has increased this to $3,500,000, of which Philadelphia Electric Railway (the line to Media), paying
$1,7:50,000 is preferred.—V. 63, p. 826.
for the latter's 6,000 outstanding shares $150 a share in 4 per
Southern Hallway.—L<> :*es Confirmed.—'The stockholders cent trust certificates secured by the stock of the Delaware
on Thursday formally approved the leases o f the property of County & Philadelphia Electric Ry. Co.—V. 68, p. 873.
the following companies; Mobile & Birmingham RR., South
United States Flour Mil Hay Co.— Bonds Offered.— By ndCarolina & Georgia R R . and Richmond & Mecklenburg RR.
vertisement on another page there are offered for subscrip­
—V. 68, p. 872, 873.
tion,at 10214 and interest, $4,500,000 of the company’s present
Southwest Virginia Improvement Co.—Bonds Called,— issue of $7/>00,000 first mortgage G per cent gold bonds, of
Ail the $292,000 first mortgage 6 per cent gold bonds o f 1893 which $3,000,000 have been taken by the vendors and at pri­
are called for redemption on May 15.1899, at 105 and accrued vate subscription. The $7,500,000 bonds have a par value of
interest at the office o f E. W , Clark & Co., bankers, 139 South $1,000 each, and are payable in 4" years, but redeemable
Fourth St., Philadelphia. On Jan. 1, 1898, the company had after 10 years at 110 and interest. They are secured by first
outstanding, beside* the above bonds, $770,000 capital stock mortgage made to the Central C o., as trustee, on all the prop­
(par $160) and bills payable $10,107. Logan M Bullitt is erties acquired excepting the Hecker-Jones Jewell Milling
President.
Co., where they are secured by’ the deposit o f 90 per cent of
Terre Haute (Iu d .) Electric R y.—Bonds Sold.—Stone & its capital stock : bonds of the United States Flour Milling
Webster, of Boston, have exercised their option to purchase Co. equal in amount to the outstanding bonds of the Heckera majority of the reorganization committee's certificates rep­ Jones-Jewell Milling Co. have been deposited with the trus­
r i n t i n g the first mortgage 6 per bond* (price said to be tee to retire such outstanding bonds, a large portion of which
par) and certificates representing some o f the second mortgage have already been exchanged.
bonds (price said to be about one-third face value). The
Property Acquired.—The company has acquired tbe 19 flour
road has been ordered to be sold under foreclosure. The re­ mills of the following well-known companies and also all
ceiver will continue in possession until after the sale, and their elevators, plants, trade-marks, good-will, etc.:
reorganization will proceed. The sale, it is stated, will take
H e ck er-J on ee-J ew ell M illin g C o ., 4 m ills ; E m p ire S ta te M ills (J a co b
place June 23.—V , 68, p. 333.
A m o ) i ,2 ; C rban M illin g Co.. B uffalo, 1; D aisy R o lle r M ill C o., M il­
au kee,
A n c h o r M ill C o , S u p e rio r, 1; W illia m L istm a n M illin g C o .,
Texas fc Pacific Ry .—Bonds Listed.—The New YorkStock w
1: RuHrcil A M iller M illin g C o., 1; F ro e m a n M illin g C o ., W est s u p e ­
Exchange has listed $350,000 additional first mortgage 5 per rio r, 1; M tn k ota M illin g C o., D n lnth, 1; D u lu th im p e ria l M ill C o ., 1;
cent gold bonds, making total amount listed to date D u lu th R o lle r M ill. 1; M in n e a p o lis F lo u r M fg. C o., 3.
$21,566,000. The $330,000 bonds were issued to take the
Tbe aggregate capacity of the above flour mills is stated as
piste of 350 bends of the Eastern Division drawn for its 89,COO barrels per day, and their storage and elevator capaci­
sinking fund on Oct. 1, 1898.—V. 68, p. 829.
ty 2,272,000 bushels, The real estate of the nineteen mills,
Third Ave, RR.—Quarterh/.—Earnings for the quarter together with the machinery, water and steam power, docks,
and the nine months ending March 81 were:
warehouses and elevators, as appraised, is valued at $10,500,3 Months en d in g
Gross
Set
Other
Interest, B a la n ce, 000; their personal property, brands, trade marks and good­
M ar, 3 1 .
e a r n i n g s , earnings,
income.
taxes, ,te
surplus, will at $4,250,000, and the cash working capital is $1,250,000,
1-199 .................. * 4 9 3 ,7 7 8
*1 0 0 ,4 1 1 * 1 3 0 .9 0 4
* 9 1 ,0 6 9 * 2 3 0 ,2 5 0
i s o s ..............
5 8 1 .6 1 8
1 9 9 ,5 3 8
1 4 ,8 4 6
0 2 ,9 4 1
12 1,44 3 making tbe total assets $16,000,000.
9 m on*h e—
Securities —To acquire the foregoing property, including
1 * 9 8 -9 .., . . , * 1 / 0 5 , 1 6 1
* 6 0 1 ,8 2 0 *1 9 7 ,1 1 5 * 2 7 4 ,8 8 2 * 5 1 4 ,4 0 3 tbe cash working capital of $1,250,000, there have been issued;
1 4 9 7 -9 .................
.9 2 5 ,7 5 6
7 5 8 ,8 3 5
4 8 ,2 5 2
2 7 3 ,9 0 5
5,33,192 First mortgage 6 per cent gold bonds, $7,500,000; 6 per cent
Loans and bills payable, $10,420,122, against $9,693,348 on cumulative preferred stock, $5,000,000; common stock, $3,June 30.—V. 68, p. 872.
500,000; total, $16,000,000. in addition, $7,500,000 bonds,
United Electric Light A Power Co. of Balt.-Con*ofufof»o». $7,500,000 preferred stock and 59,000,009 common stock are
—The agreement to nnite the Edison Elec. Illuminating neid unissued in the treasury, and can only be issued for the

930

THE CHRONICLE.

acquisition of other securities and property, real and personnal, and to provide additional working capital, provided,
however, that not more than $1,500,000 of said reserved
bonds can be used for working capital.
Earnings.—The above mills as combined under one head
and running to their full capacity, it is stated, have an an­
nual grind of over 50,000,000 bushels, and the aggregate sav­
ings have been carefully estimated to be 1 cent per bushel,
or equal to 4JJ cents per barrel, amounting to $500,000 per
annum without increasing the price o f flour to the consumer.
The average net earnings per annum, as certified by Yalden,
Walker & Co., accountants, have been $922,873. Adding to
this one-half the estimated annual savings of $500,000. $250,000, the prospectus shows the expected total available net
income to be at least $1,172,873, or equal to 6 per cent inter­
est on $7,500,000 bonds, 6 per cent dividends on $5,000,000
preferred stock, 7 per cent dividends on $3,500,000 common
stock, leaving a net surplus of $177,873.
Officers.—The officers and directors are:
P residen t, G e o r c e U rban , J r.; V loe-P resid en t, J a c o b A m o s ; T re a s­
u rer, T h om a s A . M cIn ty re ; S ecreta ry an d A ssista n t T rea su rer, J o s e p h
A. K n ox.
D ire cto rs.—Wm. A . N ash, P res id en t C orn E x c h a n g e B an k, N . Y.;
T u rn e r A . B eall, P res id en t P rod u oe E x ch a n g e T ru st Oo., N . Y .; E u g e r e J o n e s, P resid en t H eck er-J on es-J ew ell M illin g C o., N . Y .; C lin to n
M orrison . P residen t M in n ea p olis F lo u r M a n u fa ctu rin g C o.; J o h n A .
B blbley, o f D ean & Shlbley; W illia m D ick . D ir e cto r A m e r ic a n S u ga r
R clln ln g C o.; Sam uel T a y lor. J r., o f M cIn ty r e & W a rd w ell; F re d . J.
M ld d leb rook , o f B ow ers & Sands; C. G erh a rd M oller, V ice -P re sid e n t
H eok er J on es-J ew ell M illin g Co.; T hom as A . M cI n ty r e , o f M cIn ty r e
& W ardw ell; G eorge U rban . J r., P res id en t U rb a n M illin g C o.; J a co b
A m o s , E m p ire S tate M ills, S y ra cu se, N . Y .; J o se p h V . C lark, N ew J e r
sey T itle G u arantee & T ru st C o.; C harles M . W arner, P re s id e n t U n ite d
States Sugar R efin in g C o.—V . b e , p . 87 3.

C O M M E R C IA L

[VOL. LXVIII.

E P I T O M E .

F riday Night , May 12, 1899,
A generally healthy tone has dominated the comm ercial
markets. The continued reactionary tendency to the finan­
cial markets has received some attention, and while it has had
the effect to hold in check speculative operations, legiti­
mate trade has not been influenced to any extent. Confi­
dence in the fntnre prospects for trade shows no indications
of waning and values in most lines of merchandise have
been maintained to a steady basis. A t the close of last week
an unusually large deal was closed in print cloths, and this
has had a favorable influence in dry goods circles. Weather
conditions in the South and West have been generally satis­
factory, and crop accounts have been good. A strike of the
grain shovelers at Buffalo has interfered with the export
business in grain. At the close, however, the strike was re­
ported as practically over.
Lard on the spot has been quiet, as exporters have been
light buyers and the demand from refiners has been quiet.
Prices have declined under moderate offerings, closing at
5'25c. for prime Western and 4 90c. for prime City. Refined
lard has had only a limited sale and prices have declined,
closing quiet at 5’45c. for refined for the Continent. Specu­
lation in lard for future delivery has been quiet, and under
moderate offerings and absence of buyers prices have de­
clined. The close was steady.

United States Pneumatic Horse Collar Co.—On “ XJnd a i l y c l o s in g p r ic e s o p l a r d f u t u r e s .
listid" in Philadelphia.—Of this company’s $1,000,000 stock
Sat.
Mon.
Tues. Wed. T hurs.
F r i.
(in one dollar shares) $850,000 has been placed on the unlisted
5 -4 0
5*32
5-2 2
5*22
5*27
5*25
department ,of the Philadelphia Stock Exchange. The reg­ M a y ....................................
Pork has been quiet and prices have weakened slightly
istrar is the Continental Trust Co., New York. An adver­
tisement says ; “ The capital slock is $1,000,000, full paid and closing at $8 37J^@$9 for mess, $10 50@$11 for family and
non assessable. Factory at East Orange, N. J. Office, 52 $10 50@$12 for short clear. Cut meats have been quiet
Broadway, N. Y. President, F. R. Brooke; Secretary and and easier, closing at 4%@4J£c. for pickled shoulders,
Treasurer, E. R. Holden, of E. R. Holden & Co., New York 7%@8c. for pickled hams and 5@5J£c. for pickled bellies, 14
and Boston. The company owns basic patents for the @10 lbs. average. Beef has had a better sale, but at slightly
United States, Belgium and France, covering a horse collar easier prices, closing at $8 50@$9 for mess, $9@$9 50 for
which is to a horse what the pneumatic tire is to a bicycle packet, $9 50@$10 50 for family and $14@$15 for extra India
rider. The collar is now in daily use on the teams of some mess in tierces. Tallow has been firmer, closing at 4J^c.
of the principal breweries in New York City and other large Oleo-stearine has been quiet at 5%c. Lard stearine has
commercial houses, and also by the fire departments in New sold slowly and prices have weakened to 5Jgc. for prime
City. Butter has been in fair demand and steady, closing at
York and Boston.”
It was recently reported that the company would ao- 14J£@ Yl%c. for creamery. Cheese has been in demand for
quire other foreign patents, including Canada, from the export, and steady, closing at 7}£@llJ£c. for State factory,
estate of the inventor, and might increase the capital stock full cream. Fresb eggs have been in fair demand, closing firm
from $1,000,000 to $5,000,000 and the par value of the stock at 14c. for choice Western. Cotton seed oil has been in mod­
from $1 to $10.
erate demand, but at lower prices, closing at 26c. for prime
Washington (D. C.) Gas Light Co.—Official Circular.— yellow.
Brazil grades of coffee have been dull. The distributing
John R. McLean, John C. Bullitt, Joseph Q-. Rosengarten,
John F. Rodgers and James W. Orme, under date of April business has been slow and the demand for invoices has been
24,1899, have.issued a circular stating that on behalf of them­ light. Offerings from Brazil have increased, aDd under sell­
selves and Buch stockholders as may unite with them, they ing by bear operators prices have declined, closing at 6%c.
have executed an agreement for the sale of their stock in the for Rio No. 7 on the spot. W est India growths have been
company at $60 per $20 share, payable in three equal instal­ fairly active and steady at 8}^c. for good Cncnta. East|India
ments, on the 15th of June, July and August, with interest growths have been dull but steady at 25@25J£c. for standard
thereon at 5 per cent from April 1, 1899. The purchaser is Java. Speculation in the market for contracts has been
said to be ex-Senator Arthur P. Gorman. See Y. 68, p. 830. quiet and prices have declined under moderate offerings and
absence of buyers. The close was dull but steady. Follow­
ing are final asking prices:
— The North American Trust Co. of this city has been M a y .....................5 * 0 5 o ., A u g ..........................5 '3 0 o . I N o v ...................... 5-S0o.
appointed the depositary of all the United States Govern ■ J u n e ..........
fVlOo. S e p t .. . . . . . . . . . . 5 '4 0 o . | D e o ........................5 "7 0 c .
ment's funds in the Island of Cuba. The company was re. J u ly .................... 5*20o. I O e t......................... 5 '5 0 e . I M c h ..................... 5 '8 5 c .
cently appointed fiscal agent for the G-overnment in the Is
Raw sugars have declined in response to weaker advices
land, but under the new appointment the company becomes from London, closing steady at 4%c. for centrifugal, 96 deg.
the depositary of the War Department, which has charge of test, and 4J^c. for muscovado, 89 deg.test. Refined sugar
the collections of the customs, taxes and other revenues of has been quiet and unchanged,closing at 5%e. for granulated.
the Island. In other words, the company performs pretty Spices have been more active and higher. Other groceries
much the same duties for the United States Government as have been steady.
the Bank of Spain did for the Spanish Government before
Kentucky tobacco has been in moderately aciive demand
the United States assumed control o f the Island. The com­ and fairly firm. Seed-leaf tobacco has been in fair demand
pany will transact all the financial business of the Govern­ and firm. Sales for the week were 1,970 cases, as follows:
ment in Cuba.
130 cases If-98 crop, New England Havana seed, forced sweat,
— The unsold portion of $250,000 first mortgage five per 20@50c.; 140 case 1896-1897 crops, State Havana seed, 12@
cent thirty-year gold refunding bonds of the Hudson River 14c.; 450 cases 1897 crop, Zimmers, ll@ 17c.; 300 cases 1895Gas & Electric Co. of Tarry town, N. Y ., are offered for sale by 1896 crops, Pennsylvania seed leaf, 12@13^c.; 150 cases 1897
Messrs. Wilson & Stephens, 41 W all Street, who will fnrnish crop, Pennsylvania Havana seed, ll@ 12c.; 300 cases 1897 crop,
report of F. H. Shelton, Esq., gas engineer, and other infor­ Wisconsin Havana, 8@9c.; 200 cases 1896 crop Wisconsin
mation on request. The company does all the public and Havana, 10@ llc., and 300 cases 1891 crop, Wisconsin Ha­
domestic lighting of Tarrytown, North Tarrytown, Irving­ vana, p. t.; also 600 bales Havana at 70@85c. in bond and
ton, Town of Greenbnrgb, Dobbs Ferry, Ardsley, Hastings 160 bales Sumatra at 80c.@$1 85 in bond.
and Pocantico Hills. The advertisement is on page x.
Straits tin bas been in fairly active demand, bnt in re­
—The fourth annual edition of the “ Investors’ Manual,” sponse to weaker foreign advices prices have weakened
published by the Economist Publishing Co. of Chicago, has slightly, closing at 25%@25%c. Ingot copper has been
just been issued. It is an excellent compilation, covering all quiet and prices have weakened to lSJ^c. for Lake. Lead
those street railway and miscellaneous companies whose se­ has been in moderate demand and steady at 4-45@4,50c. for
curities are identified with the Chicago market.
domestic. Spelter has had a fair sale at full values, closing
at 6%@7c. Pig iron has been firm but quiet at $14 50@
C.
I. Hudson & Co. are making a specialty of Wisconsin
Central securities. They own, offer and recommend the new 16 50 for domestic.
Renfied petroleum has been unchanged, closing at 6 95c. in
fonr per cent fifty-year gold bonds, and will give price and
bbls., 4’45c. in bulk and 7-70c. in cases. Naphtha steady at
details on application.
— Attention is called to the offering by Messrs. Lamprecht 10c. Crude certificates have been neglected; credit balances
Bros & Co. of municipal issues of Cleveland, Camden, N. have been unchanged at $1 13. Spirits turpentine has been
quiet and easier, closing at 42^@42%c. Rosins have been
J.: Colorado Springs and Bowling Green, Ky.
in fair demand and steady at $1 47)^(a 1 50 for common and
7 WaH ^tIo,lnttague Vickers has removed from 71 Broadway to good strained. W ool has been in fairly active demand and
firm. Hops have been quiet but steady.

may i3,

1899,j

THE CHRONICLE

931

In addition to above exports, our telegrams to-night also
give us the follow ing amounts of cotton on shipboard, n ot
May 12, 1899.
cleared, at the ports named. We add similar figures fo r
T h e M o v e m e n t o f t h e C r o p , as indicated b y our telegrams New York, which are prepared for our special use by Messrs,
from the South to-night, is given below. For the week ending Lambert & Barrows, Produce Exchange Building.
this evening the total receipts have reached 62,818 bales,
ON SHIPBOARD, NOT OLEAHBD FOB—
against 63,966 bales last week and 71,179 bales the previous
Leavitts
week, making the total receipts since the 1st o f Sept., 1898,
Stay 12 at
G reat
Other
C oast­
ttoek.
Total.
8,057,197 bales, against 8,331,557 bales for the same period of
B r ita in . F r a n c e . F o reig n w ise.
1897-9,showing a deorease sinoeSept.l, 1898,of 307,370 bales-.
C

O

T

T

O

N

.

F r id a y N ig h t ,

Receipts at—

Mon.

Sal.

TA uri.

T »««.

G a lv e s t o n .........

901

712

6,031

440

1,739

H e w O r le a n s ...
M o b i l e ...............

4 ,0 0 3
13

5,083
355

1 ,516
11

6,411
500

1,177
21

S a v a n n a h .........

219

177o!

1,925

1,084

1,104

5]

62

.........

S ri.

Total.

235
303
4 ,9 1 3
190
7 ,3 4 4
1,079
541
2
28
24

10,058
303
23,108
1 ,090
7 ,344
7 ,181
541
74
28
115

9 ,081
None.
None.
None.
None.
None.
3 ,300
5 ,0 0 0

14,891
5,049
None.
None.
None.
None.
400
None.

20,2 3 4
4,957
None.
None,
None.
1,000
400
2 ,5 0 0

2 ,8 2 2
4 ,984
None.
800
None.
16.000
None.
None.

46,528
14,9 9 0
None.
800
None.
17,0 0 0
4 .1 0 0
7 ,5 0 0

3 2 9 ,2 3 0
4 1 ,1 9 6
29,7 6 1
10,1 9 8
12,5 8 1
3 6 ,1 7 2
166 ,4 0 9
4 8 ,3 6 5

Total 1 8 9 9 ...

17,381

2 0 ,3 4 0

29,0 9 1

24,1 0 6

90,9 1 8

6 7 3 ,9 1 2

Total 1 8 9 8 . .
Total 1 8 9 7 ...

34,862
18,3 2 7

15,266
6,208

34,658
2 3 ,3 4 3

14.5 0 0
4,931

99,288
52,8 6 9

503 ,3 7 4
3 6 5 ,1 0 4

New O rlea n s...
G alveston..........
Savannah ..........
Charleston........
M o b ile ................
N o r fo lk ............
New Y ork..........
Other porta___

Speculation in cotton for future delivery has continude
without animation, and changes in prices have been unim­
portant. E irly in the week operators generally were dis­
1,974
1,041
530
1 .040
6.451 posed to hold off, awaiting the Bureau report, When the
N o r f o l k .............
499
1,387
403
403 report was issued, however, it had little if any influence, as
J T p 't N e w s, <kc.
002
415
591
3 ,448 it was not complete, and the figures given, it was announced,
751
371
H e w Y o r k ........
715
321)
257
100
306
1,854 were subject to modification in the next month’s Bureau re­
94
B o s t o n ...............
708
593
593 port. Eugiish advices have been of a more encouraging
An active spot market has been experi­
100
P h lla d eT a , A c..
53
26
is !
222 nature.
25]
enced at Liverpool, and now that all fears of
5,153 1 7 ,6 1 8 ! 62,818 labor
Tot. this w eek
0 ,780 10,132 12.700 10,135
trophies are allayed, spinners are free buyers
The foliowi ng shows the week’s total receipts,the total since to replenish stocks, which apparently were allowed
Sept, 1,1898, and the stock to-night, compared with last year. to rundow n during the period when a strike was thought
probable. At the close of last week an unusnally large deal
Stock
1897-98
1 8 98-99.
was consummated at Fall River in print ciotbs, 1,250,000
R eceip ts to
pieces being contracted for. But while the condition of the
ThU
S ince Sep.
S in ce Sep.
ThU
M a y 12
1899.
1898
cotton goods trade has had a tendency to give tone to the
w eek.
w eek.
1 ,1 8 9 8 .
1 ,1 8 9 7 .
market for raw cotton, there has been no advance in prices,
G alveston... 10.058 2 ,2 * 9 .5 5 0
1,820 1,8 9 3 .0 8 2
56,1 8 8
50,1 2 4 favorable weather at the South and good crop prospects hold­
303
T ex. O
79,6 0 2
502
97,011
. —a.
ing buyers in check. To-day there was a dull market, and
New Orleans 23,103 2 .1 1 2 .3 7 0 12,5 2 9 2 ,583 037
3 7 5 ,7 5 8
212 ,3 6 8 prices weakened 1 to 3 points under disappointing foreign
1.C90 245 ,4 5 9
3 5 9 .7 0 2
12,581
19.906 advices, continued favorable weather conditions in the cot­
M obU e..........
1,470
7,344
204,412
P'saeola, Ac.
116 .7 0 1
ton belt and liquidation by a few tired holders. Cotton on
29,7 6 1
Savannah...
3 ,6 7 0 1,108,802
26,5 6 0 the spot has been quiet.
7,181 1 ,047,674
Prices advanced 1-lGc. on Monday.
311
541
270 ,9 4 3
B ew ick , Ac.
990
2 8 4 ,3 7 7
1,252 To-day the market was quiet and unchanged at 01^c. for
484 .0 4 2
10,998
9.790 middling uplands.
74 301,034
541
Charleston..
P. R oyal. Ae,
23,333
3
73,7 3 5
28
The rates on and off middling, as established Nov. 16,1893,
291,225
2,093 3 2 1 ,2 9 3
W ilm ington.
11,423
115
1 2 ,5 9 6 by the Revision Committee, at wliioh grades other than
Waah’a , See.
1,351
1,280
middling may be delivered on contract, are as follows.
W ilm in g t o n ....

N o rfo lk ........
JTport N.,dfec
New Y ork..
B oston____ _
Baltim ore. .
Phltadel.Ao.

6,451
403
3 ,143
1 ,854
593
222

T o t a l s .....

......

48

1

i

4,1120
329

632 ,4 5 1
28,931
105.550
292,831
43,091
46,924

5 4 5 ,9 8 2
24,0 6 9
100 ,8 5 3
202 .3 0 9
70,3 4 5
73,5 2 5

5 3 .1 7 2
07
1 70,509
2 3 ,0 0 0
14,263
0,771

3 9 ,4 3 4
3 ,614
180.555
25,000
11,941
9 820

36,5 9 3 8 ,3 6 4 ,5 5 ?

7 6 4 ,8 3 0

6 0 2 ,6 6 0

3.737
3 ,307
823
813

62,318 8 .0 3 7 .1 8 7

In order that comparison m a y b e made with other years,
we give below the totals at leading ports for six seasons.
1899.

M t e t i p f a t—

1898.

1896.

[ 1897.

1895.

1894.

G alves'n, Ac.
New Orleans
M ob ile . . . . . .
Savannah. . .
Ohas'ton, Ac
W tim 'ton, Ac
N o rfo lk ........
N . N ew s, Ac.
A ll o th e r s...

10,361
23,108
1,090
7,181
102
113
6,451
408
14,0 0 2

2.322;
12,529'
1.476;
3 ,810
544
2,093
4 ,920
329
8,710|

4 ,263
10,8 8 7
875
4 ,614
2,344
78
2 ,3 9 0
102
6,512

5 .090
12,035
1,351
5,143
711
301
5,873
1,125
3,442

3,526
9,229
251
1,724
235
59
77 5
1,171
13,595

156
259
858
705
4 ,931

T ot. this wk.

62,8 1 8

38,593;

32 067

34,871

30,565

21,604

2,060
6 ,746
150

5,739

Since Sept. 1 8 6 6 7 ,1 6 7 83 6 4 ,5 5 7 6 5 62,796 50 8 7 ,6 5 3 7717,831 5 7 8 9 ,6 9 6

The exports for the week ending this evening reach a total
o f 18,348 bales, of which 23,383 were to Great Britain, 5,137
to France and 17,151 to the rest o f the Continent, Below
are the exports for the week and since 8ept. 1, 1898.
I

SruUn, Stag l i , 1898. IFrom Stvt. 1 .189S, to Map IS. 1S99.

E x p o rts

_______ M ffportsit to—

fro m —

C o n t iO r ta t
F ra n c*
B r t t 'n .
n s n l.

Q ttir m iO tx ---* -

Tex. CUT, A c .
N«Tr Orleant -.
Mobile............
FtBIMOb......
Sevaanah......
BVnoirvlck -. *.
OfcarVwion....
Port Royal—
W lialutO Q ...
Norfolk-.
N-port N., A c .
Nev York __
Bouton _____
___
Philadelphia
6»n rran.. Ac..
T otal . . . . . . .

5.834
4,5$6

.

......
5400

1,117
«S»
3,137

802

.....a

........
27

3ylS0

2M*2

<*«*

B r it a in

F ro.n ct

a.i»7 8,001 LQM.lMp94.58;
JW7
#67
13,666 ........
990 10>4<J 745,4071 247.091
138,120'
. ...
5,227
7,344
64,373 13,249
61,766 32,215
m>
165,284! ------3.137
TSjraol . . . . . .
21.210! . . . . . .
118.0021 ........
200
200
45,211j ........
862
18.9351 ........
2,828 6,101 tea,MO | S2.S78
50 3,233 302,0131 . . . . .
1,015 1,809 107,4141 X j m
U.243 ........
3400 3.800
ii,oee ........

0on<‘a m i.

j

lo ta l

52864811.949,5? 4
13.640
32,310
080.459! 1,613.561
29,2711 167,394
9?,9*3| 188,565
521,270 j 80S.281
86.U8; 251,402
150.OO9 234.939
.. .. [ 2L210
U2.5671 360.58#
27.715! 729*6
9.955
25.940
206,609! 405,426
6,256 357.259
07.241 2 <6.710
........1 14,243
lOe.iH1 120,182

On this basis the official prices for a few of the grades for
the past week—May 6 to May 12—would be as follows.
UPLAN DS.
G o o d O r d in a r y ..............................
L ow M i d d l i n g . . . . .........................
M id d lin g .........................................
G o o d M id d lin g ..............................
M id d lin g F a i r . . . . . . ......................
G U LF.

S T A IN E D .

5*18
la

ft ;

0%
6%
7%

5 * i«
5 I»„
0*4
6 ®8
7%

H a t.

v io n T u c * W e d

* 'h t
5*
5 3 lS;
6*| r

•57m

ss

f t 6

0 'S

f t

7*e

•H on T o e i
4*%
51*1,
6^2
6*4

478
5J» m
6^32
6*4

Th.

F r l.

5*is
5U „
0%
6%
7%

0%

Th.

F r l.

K »
6*10
O '*
6 7*
7*8

S I18
6*1(1
0*8
6?8
7*8

0**
67g
7*8

W ed

Th.

F r l.

5>i*
5»1«
0%
0*8
7*8

47g
82r
6%

47a
5**ie
0*8.

8*4

5*i*
# 4 *
0*8
7*8

ss

47s

6 l3l0
32

QH

The quotations for middling upland at New York on
May 12 for each o f the past 32 years have been as follows.
18 99 . . . . 0 .
1 8 9 8 .........
1 8 9 7 .........
1 8 9 0 .........
1 8 9 5 .........
1 8 9 4 ..........
1 8 9 3 .........
1 8 9 2 ..........

6*4
0*8
7\
8*ie
6%
7*ls
7 1 5 ,.
7%

1 8 9 1 . „ . o . 816,* 1 8 8 3 ... .0 .1 1
1 8 8 2 ......... 12*16
1 8 9 0 ......... 12
1ssa „ . 1,
1881 ......... 107ie
1 8 8 8 ......... 10
1 8 8 0 ......... l l U j *
1887
..1 0 ^
1 8 7 9 ......... 127le
1 8 7 8 ......... 10 % "
1 8 8 6 .......... 9%
1 8 6 5 ......... 101*,* 1 8 7 7 .........10 **
1 8 8 4 ......... 1111,* 1 8 7 e ......... 12*4
M A RK ET AND SALES.

1 8 7 5 ....0 .1 6 1 *
1 8 7 4 ......... 18*8
1 8 7 3 ......... 19*4
1 8 7 2 ......... 23%
1 8 7 1 ......... 15 %
1 8 7 0 ......... 2 3 is
1 8 6 9 ......... 2 8 %
1 8 6 8 ......... 2 9 %

The total sales o f cotton on the spot each day during the
week are indicated in the follow ing statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
Spot Ma r k e t
Cl o s e d .

3^3,793 ;701,619 2.642,029j6.632.4 41

T o ta l. . . .

45,243

lio n T n ea W e d

5*9
5%

H a t.

Le w M id d lin g ................................
M id d lin g ................................... .
Strict Middling. .....................
Good Middling T inged.........

9,975 36,21 a 80,534 3,906,186 771,075 2,907,679 0384,940

5,427 17,454

H a t.

G o o d O r d in a r y ..____ __________ ~5%~
L o w M id d lin g ...................... ........ 6
M i d d l i n g ................. ...........
G o o d M id d lin g ............................... 6U|«
M idd ling P a ir ................................

M o n d a y ___
T u esd ay...
W ed n esd a y
T lm r s d a y ..
F r id a y ........

......

T0UI.1S97.8S. 34,301

________B x p o r t s d t o —

7 a ta i
W «4k.

Fair......... ................................ o. l% o n ! Good O rdinary................... 0 . H i * off
Middling F air...... ...................
T* on Good Middling T in g ed ......... Even
Striot Good M iddling...........
% on Strict Middling S tain ed ___ t 3a oil
Good M iddling.....................
9a on Middling Stained.................... ? ,* off
StrictLow Middling............. # ,* o lf Strict Low M id. S ta in e d ... 1 off
Low Middling....... ..........
7 w off Low M iddling S tain ed ........ l*B off
Strict Good O rdinary...........
% o ff!

F otcbes
Ma rk et
Cl o s e d .

Mutet at l » a d v .
Q u iet & s t e a d y .
Q u ie t . . . . . . . . . . .
t i n i e r ....................
Q u ie t ...................

Q u ie t & * t ’ d y
(J u le t& a t’ d y
H 'rly ste a d y .
S t e a d y .........
stea d y ......

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

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

Sa l e s

op

E x­
port.

_
....
....
....
...
—

Sp o t & C o n t r a c t

0071Con­
sum p. tract.
53
lo o
25
440
60

....

678

Total.

20 0

53
600
25
740
60
200

1 ,0 0 0

1,6 78

500

....
30 0
....

c/» © ®
Q.rP *P
.£T-*-> -*-> ,

XI
J
o

>

w
p
p
-H
£

o
w

w

s

H

CM

00
Cl

Movement to May 12, 1899.
tceceipts.
ShiprrVts Stock
This
Tins
Since
week. Sept. 1 /9 8 . week. May 12.

T O W N S.

* o n ^
£ 2 2 o
® © « n
^■ 2 9
® 2 £ ce
— P . m +3
40 2
©
ce Qi © r^J
^ ja 3 n
f ® «-9
J. ®
*2
9 °o
S

10

E u fa u la .
A labam a...
«
M o n tg o m e r y
it
Selm a,
H elen a ,
A kk an sas. .
it
L ittle R o c k ,
A lb a n y ,
G e o r g ia . ..
««
A th en s,
it
A tla n ta ,
II
A u gu sta ,
II
d ^-T "® C olum tm e,
®
00 M a oon ,
II
»
Hom e,
o S g .3
9 2
. t L o u is v ille , n e l K e n t d c k y .
S h re v e p o rt, L o u i s i a n a .
m 9 « ®
O olu m bu s,
M is s is s ip p i.
-a S fn ®
“
G re e n v ille ,
«*
M erid ian ,
“
N atchez,
o "
<<
V ick sb u rg ,
II
Y a z o o C ity,
St. L ouis,
Mis s o u r i...
C h a rlotte,
N .O a r o l i n a
«<
R a leig h ,
cs 2 _ ^ C in cin n ati,
O h i o ............. .
S ^ M
G re e n w o o d , S . C a r o l i n a
a
M em phis,
T e n n e s s e e ..
“
NaBhvllle,
•3 ® ^ s
B
re nhain,
H
9
T e x a s .............
II
H „ S g D a lla s,
II
H o u s to n ,
"
...
P aris,
<1 M
o £ o
T o ta l, 3 1 t o w n s ...........

M ay 6 to
May 12.
Ma y R a n g e ...........
C lo s in g .........
J une—
R a n g e ...........
C lo s in g .........
J uly—
R a n g e ...........
C lo s in g .........
A ugust—
R a n g e ...........
C lo s in g .........
Se p t e m b e r —
R a n g e ...........
C lo s in g .........
Oc to b e r —
R a n g e ...........
C lo s in g .........
N o v e m b e r —^
R a n g e ...........
C lo s in g .........
D ecem ber—
R a n g e ............
C lo s in g .........
Jan u ary—
R a n g e ...........
C lo s in g .........
Febr u a r y—
R a n g e ...........
C lo sin g .........
Ma r c h —
R a n g e ...........
C lo s in g .........
A p r il —
R a n g e ...........
C lo s in g .........

S aturd ay.

632
126
860
1,8 70

1
53
167
468
238
63
268
15
1,0 89
74 7
1.1 33
428
189
176
286
6,1 53
27 2
128
3,3 4 5
15
6 ,4 2 0
2,1 6 6
78
4 ,9 5 2

17 ,464
16 3 ,6 0 4
8 5 ,119
79 ,468
18 2,41 4
3 0 ,593
77 ,351
14 9 ,7 7 0
2 9 3 ,8 9 9
5 9 ,4 9 6
5 3 ,7 7 6
5 4 ,937
8 ,3 4 2
2 4 7 ,7 5 7
64 ,729
6 9 ,6 7 2
3 9 ,7 9 4
5 1 ,6 9 6
6 9 ,0 0 7
5 6 ,515
9 4 5 ,8 1 4
2 8 ,512
20 ,226
3 0 1 ,2 1 0
1 4 ,960
74 6 ,0 5 1
3 4 ,755
8 5 ,472
8 3 ,5 9 3
2 ,4 5 0 ,0 0 7
8 4 ,141

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

Monday.

159

1,10 0

41 4
1,031
3,4 2 3
140
785
1,3 84
2,3^4
25 5
69

120
45

2,222
351
845

Movement to May 1 3 . 1898.
Kecetpis.
Shipm ’ t8 Stock
This
Since
This
week. Sept. 1,*97. week. May 13.
34
199
10 4
198
25 9
7
54
560
88 4
29
23

55 6
5,8 05
3 ,0 3 5
4 ,9 7 9
1 9 ,481
2.4 75
4 .0 7 7
9 ,5 8 1
2 8 ,1 4 9
7,0 05
2 ,2 6 9
3 ,2 6 9
520
15,690
1,3 29
1 3 ,359

20

480
99
215
21 7
114
329
159
4 ,1 1 6

2,201

215
8 ,8 7 6
10,817
1,2 68
854
9 ,1 6 7
6,2 08
8 8 ,308
272
156
74 7
3,3 7 5
1 0 ,032
)5
6,6 2 5 12 6 ,8 9 8
47 6
2,2 55
34 0
1,7 57

101
321
2,9 8 0
45
2,861
62
126
390
2,7 0 9

22

1 5 ,4 2 9
75

2 0 ,2 3 6
42 2

5 0 ,0 4 5 4 0 3 ,3 1 7

Tuesday.

Wednesday.

100

2 1 ,7 9 6
16 0 ,1 4 0
8 5 ,0 0 0
8 6 ,o 2 6
2 0 0 ,5 2 6
39 ,375
8 9 ,1 7 7
2 0 6 ,3 3 3
3 6 4 ,7 6 3
6 4 ,571
7 2 ,0 4 8
6 4 ,7 4 8
8,2 0 3
1 5 5 ,5 3 0
5 8 ,4 5 8
8 7 ,191
3 9 ,7 1 1
8 5 ,2 2 0
9 2 ,2 6 0
9 6 ,5 3 4
8 5 4 ,1 4 4
2 4 ,3 2 8
2 5 ,1 6 9
26 4,33 1
16,188
6 6 6 ,7 9 3
3 5 ,5 0 6
4 9 ,681
1 2 3 ,3 5 5
1 ,7 3 2 ,4 5 0
8 9 ,4 1 4

1 7 ,7 7 5 5 ,9 5 8 ,9 6 9

Thursday.

963
235
69 0
498
848
60
113

1 ,0 1 1

2,9 9 6
460
313
15 0
....

967
208
2 ,3 9 0
400
1,0 0 4
1,425
532
5 ,5 1 4

101

516

2,888
45
6 ,4 2 9
260
114
2.3 6 9
3 ,8 8 6
125
3 7 ,5 1 0

5*85© 5-87
5 - 8 6 - 5-87

5*81 © 5-85
5 8 0 - 5-82

— © 5-S4
5 - 8 3 - 5-84

5 8 0 n 5 82
5 b2 - 5 83

5 8 0 ® 5 89
_ _ _

5*89 IT 5*90
5 - 8 9 - 5-90

5 8 7 © 5*91
5 -8 7 - 5-68

5*89 * 5*90
5-88 - 5-89

583©
5 83-

5-89
5*84

5-85 © 5-87
5 - 8 5 - 5*86

5-82 a 5-85
5 8 a - 5-85

5-8 2 ® 5 91
— __ —

5 -9 4 0 5-96
5 - 9 4 - 5-95

5*9 20 5 97
5-91 — 5 92

5*92 © 5 94
5-92— 5-93

5-87 0 5-93
6 8 6 — 5-o7

5 -6 9 ® 5-91
5 8 9 — ft 90

5-86 © 5-88
5 88
5 89

5-8 6 ® 5-97
— — —

5 -94 0 5-90
5*95 - 5-96

5-9 2 ® 5 97
5-92
5 93

5 '9 3 a> 5-95
5 - 9 4 - t ‘ 95

5*88 © 5 95
5 -88— 5 b9

5 *9 0 0 5-93
5*91- 5 92

5 8 7 © ft 90
5*90 - —

5 8 7 0 5-97
-- -- —

5 9 1 0 5-92
5 - 9 1 - 5-92

5 -9 0 0 5-92
5 9 0 - 5*91

5-9 2 ® 5*93
5*92— 5 9 3

5 ‘ 8 7 © 5 92
6 * 8 6 - 5-87

5-88© 5 91
5 * 8 9 - 5-90

5-86 4 5 88
5 87— 5 88

5-80® 5 9 3
— — —

5 -9 4 0 5-96
595- —

5 9 2 '©
5 92-

5-96
5-93

5 9 4 © 5*96
5 9 4 - 5 95

5-90 © 5*95
5-89
5*90

5-9 1 © ft 94
5 9 2 - 5 93

5-88 J 5 91
5 90
5-91

5 8 8 ® 5 96
--- --- —

5-96 0 —
5 - 9 6 - 5-97

5 9 4 © 5-97
5 9 3 - 5 94

5*96 © 5*97
5 9 5 - 596

5-91© 5-92
5 9 1 - 5-92

5*94 9 5-95
5 9 3 - 5 94

5 -9 0 0 5-92
5 - 9 1 - 5 92

fJ O ffl 5*97
— -- —

5 -9 9 0 6 0 0
5 -9 9 - 6 0 0

5 -9 7 0
5 97-

6-00
5-98

5 9 9 © 6*01
6 0 0 - 601

5 1 6 © 6-00
5 * 9 5 - 5-86

5-9 7 ®
6-97

5-99
5-98

5-95® 5*96
5 - 9 5 - 5 96

5-9 5 ® 6 01
-- -- —

602 n 604
6 0 3 - 6*04

600©
6 01-

602

6 04

6-02© 6*04
6 0 3 - 604

5-98© 6-04
5-98 - 5-99

6*00® 6 03
6 * 0 0 - 6-02

5 98 0 G-00
5*99
5-98

5-9 8 ® 6*04
--- --- — •

— 'it, _
G*06& 6 08

— © _
6 * 0 4 - 6*06

— a 607
0 0 6 - 0 08

6 0 3 © 6 04
6-01 — 6 0 2

e-os-©
6 0 4 - 6-06

6 0 1 6 6 02
6 0 1 - 6-03

6*01® 6 07
— — —

6-11
e -n

608® —
6 -0 8 - 60 9

6-1 0 © —
610 - 611

6-06© 6-10
6 * 0 5 - 6-06

6*0 7 © 6-09
6 1 0 - 6-12

6-05® —
6 0 5 - e-06

605©

— a —
6 -0 8 - 6 1 0

—
—

—

—

n —
— —

a
— —

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—
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—
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May 13, 1399.]

THE CHRONICLE.

948

Q uotations for Middling Cotton at Other Markets .— thermometer has averaged 73, the highest being 89 and] the
Below are closing Quotations of middling cotton at bouthern lowest 60.
Helena, Arkansas.—The weather has been cloudy most of
and other principal cotton markets for each day of the week,
the week, with showers on two days and rain is threatened
now. The precipitation reached forty-eight hundredths of
CLOSING QUOTATIONS FOB MIDDLING COTTON ONan inch. The thermometer has averaged 71-4, ranging from
F ri.
Wedrus. Thurs.
May 12.
M o*. | Tuts.
Satur.
63 to 83.
515,8
Mobile, Alabama.—W e have had no rain during the week.
515,*
51516
515 ia ! f l 613
G a lv e s t o n .. 5 78
o 7e
51316
5 7s
5 78
Crop reports are conflicting. There is general complaint
N e w O rleans!
5ISH*
o G ,e
5 U lg
5 u !6
2 V i6
5t>t6
M ob ile
that rain is badly needed. The thermometer has averaged
5Sg
5^8
bH
5k
5%
5*8
78, the highest being 88 and the lowest 68.
5k
5k
5k
5k
5k
C h a rle sto n .. i 59s
5 7e
Montgomery, Alabama.—Cotton is doing well. It has been
5 7s
W ilm in g to n .! 5 7e
l9
5- 7a
5 7a
5 '8
5 7s
5 7*
N o r f o l k ........
dry all the week. The thermometer has averaged 80, rang­
6*4
6k
flSj*
6k
6k
6 3 j«
B o s t o n ..........
ing from 63 to 91.
6k
6k
6k
6k
6k
B a lt im o r e . .
6k
6k
Selma, Alabama,— We have had dry weather all the week.
6k
6k
6k
6k
P h ila d elp h ia
6 m*
6k
6k
6k
6k
A u g u s ta .......
6 » ,,
Farmers complain of poor stands on stiff lands on account of
5k
5k
5k
6k
5k
M e m p h is____
continued dry weather. Some report rotten seed, causing
513,8
513,8
5>»l6
513,8
St. L o u is —
5 l3 l6
bad stands. The thermometer has ranged from 63 to 94,
015,8
51 5,e
515,8
5 ‘ 51*
H ou ston-------59
5 ; 5>s
5k
5
k
C in cin n a ti ..
5 7*
5 7s
5 7a
averaging 78.
16 8
6
6
a
6
L o o is v B le .. . | 6
Madison, Florida.—W e have had no rain the past week.
Average
thermometer 82, highest 95, lowest 68.
The closing Quotations to-day (Friday) at other important
Savannah,
Georgia.—Rainfall for the week thirty-two
Southern markets were as follows.
hundredths of an inch, on two days. The thermometer has
N a s h v i l l e . .....
5®0
5*8
6^4
N a toh e*. . . . . . .
5k
E u fa u la ............
511,* averaged 80, the highest being 93 and the lowest 62.
A t l a n t a .............
5k
B a le lg b ...........
6
5k
Augusta, Georgia.—We have bad rain on one day of the
6k
L ittle R o o k ----C h a r lo t te .........
S h r e v e p o r t ___
M o n t g o m e r y ...
5k
5 »ia
C o lu m b u s, G a .
5k
past week, to the extent of eleven hundredths of an inch.
W eather R eports by T elegraph .—Reports to us by The thermometer nas averaged 77, ranging from 6-1 to 91.
Charleston, South Carolina. -W e have had rain on three
telegraph thiB evening denote that wnile rain has fallen in
days during the week, the rainfall reaching one inch and
many districts of the South daring the week, in por­ seventy-two hundredths. The thermometer has ranged from
tions of the Atlantic and G nlf States dry weather has pre­ 63 to 83, averaging 78.
Stateburp, South Carolina —It has rained on one day of
vailed and moisture is needed to bring np seed. The tem­
perature has been satisfactory as a whole. Planting is the week, the rainfall reaching fourteen hundredths of an
inch. Average thermometer 75'6, highest 91 and lowest 59.
about completed In Northern Texas.
Greenwood, South Carolina.—Rain has fallen on two days
Galveston, Texas.—In some sections o f the State the rain­
o f the week, the precipitation being forty-six hundredths of
fall lias been excessive, but on tbe whole rains have been fa­ an inch. The thermometer has averaged 74, the higbeat
vorable. Planting is about completed over the northern being -6 and the lowest 62.
portions o f the State. There has been a trace o f rain on
Wilson, North Carolina. — We have had rain on two days
three days of the week. The thermometer has ranged from daring the week, the rainfall being one inch and forty-five
73 to 88, averaging 78.
hundredth.-. The thermometer has averaged 09, ranging from
Palestine, Texas.—Rain has fallen heavily on two days of
tha week, the rainfall being four inches and thirty-two hun­ 54 to 82.
The following statement we have also received by telegraph,
dredth*. Average thermometer 75, highest 88, lowest 63.
the height of the rivers at the points named at
Corpus Christi, Texas.—Rain has fallen on two days of I showing
3 o'clock May 11, 1899, and May 12, 1898.
the week, the precipitation being one inch and fifteen hun­
dredths. The thermometer has averaged 74, the highest
May U , '9 9 . |ila y 1 2 . '9 8 .
being 83 and the lowest 66,
Feet.
Feci.
Dallas, Texas.—W e have had rain on five days during the N ew O rle a n s........ ........A b o v e t o r o o f g a u g e .
15 7
15-4
M
e
m
p
h
is
.................
2 3 '5
eek, to the extent of one inch and sixty-nine hundredths.
2 0 '9
26-4
io -o
N a sh v ille ...............
The thermometer has averaged 75, ranging from 60 to 90.
S h r e v e p o r t.............
7*7
11*3
San Antonio, Texas.—Rain has fallen on three days during V i c k s b u r g . . . . . . . .
41-5
4 2 '0
the week, the precipitation being one inch and ninety-one
I n d i a C o t t o n M o v e m e n t f r o m a l l F o r t s .— The receipts
hundredths. Minimum temperature 62.
Luting, Texas.—There has been heavy rain on two days I of cotton at Bombay and the shipments from all India ports
during the week, the precipitation reaching two inches and for the week ending May 11, and for the season from Sept. 1
twenty hundredths. Average thermometer 77, highest 90 to May 11 for three years have been as follows:
and lowest 83.
18 9 8 -9 9 .
1 8 9 7 -9 8 .
18 9 6 -9 7 .
Columbia, Texas.—There has been rain on one day o f the I
Since I
Since
week, to the extent of ten hundredths o f an inch. The Htce-.pl, at— Week.
Since
Week.
Week.
StpL 1.
Sept. 1.
Sept. 1.
thermometer has averaged 77, the highest being 85 and the I
lowest 89.
B o m b a y ........... 5 6 ,0 0 0 1,731,000| 6 8 .0 0 0 1 ,3 4 9 ,0 0 0 4 8 , OOOl 1 .2 8 6 ,0 0 0
Cuero, T exas— We have had rain on two days o f the past
For the Week.
Since September 1.
week, the precipitation reaching one inch and seventy-three
JtxporU
hundredths. The thermometer has averaged 79, runging
Great
C on ti­
from —
Great
C onti­
Total.
from 64 to 94.
Total.
B rita in . nent,
B rita in .
nent.
Brenham, Texas.—W e have had rain on two days of the
B
om
b
a
y
—
past week, to tbe extent of seventy-nine hundredths of an
__ _ 2 3 ,0 0 6 2 3 ,0 0 0
1 8 9 8 -9 9 ..
1 2 ,000
3 9 1 ,0 0 0
3 9 3 ,0 0 0
inch. The thermometer has ranged’ from 65 to 88, averag­
5 0 ,0 0 0
5 0 ,0 0 0
9,0 0 0
1 8 9 7 -9 8 ..
2 8 3 ,0 0 0
2 9 2 ,0 0 0
ing 77.
1 8 9 6 -9 7 ..
3 2 ,0 0 0
4 4 4 ,0 0 0
3 2 ,0 0 0
2 4 ,0 0 0
4 6 8 ,0 0 0
C
a
lcu
tta
—
Huntsville, 7e.no,.—Raid has fallen on two days o f the
__
1 8 9 8 -9 9 ..
1 ,0 0 0
2 ,0 0 0
1,0 00
2 0 ,0 0 0
2 2 ,0 0 0
week, the rainfall being one inch and twenty-one hundredths.
1,0 00
1 5 ,0 0 0
1 8 9 7 -9 8 ..
1,000
3,0 0 0
..
1 8 ,0 0 0
Average thermometer 78, highest 99, lowest 66.
1896-9 7
4 ,0 0 0
4 ,0 0 0
6,0 0 0
4 8 ,0 0 0
5 4 ,0 0 0
Weatherford, Texas.—There has been rain during the week, M a d ra s—
1 8 9 8 -9 9 ..
1 7 ,0 0 0
2 ,0 0 0
1 9 ,0 0 0
to the extent of four inches and two hnadredths, on six days.
2 ,0 0 0
3,0 0 0
1 8 9 7 -9 3 ..
5,0 0 0
The thermometer has averaged 78, ranging from 58 to 87.
6,0 0 0
1 8 9 6 -9 7 ..
1 4 ,000
2 0 ,0 0 0
New Orleans, Louisiana,—There has been no rain the past All o t h e r s 3,0 0 0
1 8 9 8 -9 9 ..
3,0 0 0
4 ,0 0 0
7 5 ,0 0 0
--rTn r
7 9 ,0 0 0
week. The thermometer has averaged 78,
1 0 .000
5 5 .0 0 0
1 8 9 7 -9 8 ..
1 0 ,000
1 1 ,0 0 0
6 * ,0 0 0
Shreveport, Louisiana.—There has been rain on three days
2 2 ,0 0 0
7 ,0 0 0
6 8 ,0 0 0
1 8 9 6 -9 7 ..
2 ,0 0 0
5 ,0 0 0
9 0 ,0 0 0
during tbe week, the precipitation reaching seventy-six hun­
dredths of an Inch. Average thermometer 70, highest 92 and T o ta l a l l —
2 0 ,0 0 0
2 7 .0 0 0
4 9 3 ,0 0 0
1 8 9 8 -9 9 ,.
2 7 ,0 0 0
5 1 3 ,0 0 0
lowest 81.
6 1 ,0 0 0
2 5 ,0 0 0
3 5 6 ,0 0 0
6 0 .0 0 0
3 8 1 ,0 0 0
1897-0 8 .
1.0 00
Columbus, Mississippi.—The weather has been dry all the
5 7 4 ,0 0 0
4 3 ,000
5 8 ,0 0 0
1 8 9 6 -9 7 ..
4 1 ,0 0 0
6 3 2 ,0 0 0
2 .0 0 0
week and rain is needed to bring np the crop. The thermom­
According to the foregoing, Bombay appears to show a
eter has averaged 78, the highest being 92 and the lowest 58.
Vicksburg, Mississippi.—W e have bad only a trace of rain decrease compared with last year in the week’s receipts of
daring the week. The thermometer has ranged from 67 to 12,000 bales. Exports from all India ports record a loss
of 34,000 bales during the week and since September 1 show
88, averaging 77.
Greenville, Mississippi,—The weather has been cloudy and an excess of 132.000 bales.
damp during the week, with a good, general rain on Wed­
N ew E ngland M ills Situation,—A number of opera­
nesday.
tives in the Ponemah Cotton Mills, Taftville, Conn., re­
Memphis. Tennessee,—There are some complaints of neces­
sity for replanting on account of defective seed and cut turned to work May 10, and it is now believed that the back­
worms. Otherwise crop reports are favorable. W e have bone o f the strike is broken. It is claimed that considerable
had rain on three days during the past week, to the extent of progress has been made In the efforts to bring into a com­
ninety-six hundredths of an inch, and it is now raining. The bination tbe yarn mills of New England.
thermometer has ranged from 61*4 to 85'3, averaging 73'4.
Nashville, Tennessee,—The week's rainfall has been twentyJ ute Butts, B agging, & s. —The market for jute bagging
one hundredths of an inch. Average thermometer 72, high­ has been quiet the past week, and prices are as last quoted,
v iz :
for 1•;>, lbs. and 0!6@6J£c, for 3 lbs., stand­
est 86, lowest 60.
Little Rock, Arkansas.—We have rain on two days of the ard gra-tes. .Jute butts dull at 1 '03c. for paper quality and
week, to the extent of sixteen hundredths of an inch. The l % c . for m ixing to arrive.

THE CHRONICLE.
A

l e x a n d r ia

R ix u u r e s

Alexandria, htgypi, j
Hay 10
B eoeipt* (o a u ta r s * )...
T his w e e k .................
S tn o e S ep t. 1_______ 1

1u u ;

and
qa

S h ip m e n t s

of

C o t t o n .—

1898-99.

1 8 97-9 8.

18 96-9 7

1 2 .0 0 0
5 .5 1 9 0 0 0

3 8 ,0 0 0
6 .4 6 9 ,0 0 0

30,00u
5 ,7 2 6 ,0 0 0

This
Since
Since 1 T k it
T k it
week. Bcpt.X. i week. Sept. ' .
week. Sevt. 1.
E x p o rt* (bale*)—

vol. l x v i h

.

is the most eff-etive way o f bringing at> mt good baling and
gooii compressing. Freight rates will be quoted hereafter
on the 51x24 bale, with a minimum density of twenty-five
pounds.—Galveston “ News” May 5.
G o v e r n m e n t W e e k l y C o t t o n R e p o r t . — Mr. James Berry,
Chief of the Climate and Crop Bureau of the Agricultural
Department, made public on Tuesday the following tele­
graphic reports on the crops in the Southern States for the
week ending May 8 :

N or t h Ca r o l in a .—W arm weather followed, "by cooler, cloudy condi­
tions and fine rains caused continued im provement in crops; cotton
planting active; coming up to good stand, chopping begun.
S o u T n Ca r o l in a .—F avorable week; light showers very ben eflcial;
T o ta l E u rop e......... 28 OOO 5 9 0 .0 0 0 2 1 ,0 0 0 6 8 5 .0 0 0 1 9 ,0 0 0 6 4 1 ,0 0 0 more rain reeded to germinate cotton; good stands of cotton general;
chopping begun.
* A c a n t e r 1b 9 8 p o u n d s .
G e o r g ia .—Seasonable temperature and plenty of sunshine were
t O f which t o A m erica In 1 8 98-9 9, 4 3 .8 4 8 b a lee; In 1 8 9 7 -9 8 , 4 7 ,6 7 7
conducive to growth of crops and favorable for general work; cotton
ba les; In 1 8 96-9 7, 4 7 ,4 1 5 balee.
nearly all planted and coming up with good stands.
I a No h k st e k
U n-trer. —C u r report received by cable
Fl o r id a .—Considerable com plaint from some western counties that
to-night from Manchester states that the market is strong grusshopi ers are damaging cotton; cotton would be improved by rain.
A l a b a m a .—H ot and dry, with drought in central and southern
for yarns and firm for-hirtings, in consequence of the wagecounties; all crops beginning to need rain; cotton making very good
dispute settlement. We give the prices for to-oay belov stands
and chopping becoming general.
am. leave those for previous weeks of this and last year fo'
M ississippi . - W e« k has been trying upon crops; temperature h ig h ,
com pari son ■_______________________________________________ and while scattered showers are reported the rainfall is d e fic ie n t;
cotton planted early has come up and is being worked; that p la n t e d
1899.
1898
late not up in many sections.
L o u is ia n a .—S ta n d o f c o t t o n o n ly fa ir a n d c o n s id e r a b le y e t to be
[8 H ( 6*. Shin 00 : * p la n te d ; c o t t o n su ffe rin g f o r r a in .
8% ( t » . Shirt- Ooifn
S 3 f Oop. in g t, common Hid. 8 2 l Oop. in g t, comma- Mi- .
T e x a s .—W eather throughout week favorable for farm ing opera­
I Wilt.
r witt.
lo fln ette
Upldt
TTpi
to finest.
tions, except too much rain in plat es in northern portion and not
enough for some crops in southern portion; cotton chopped out in
d.
d.
d.
s. a.
*. a
southern portion, growing nicely, and planting nearing completion;
a.
a. a. a. *. a.
3 7}«
39b 518iQ~613lf 4 3 3 6 9
in northern portion cotton is coming up to good stands and b e in g
A p r. 7 513|*»6»S 4 2 ®6 11
,r 14 5% 3 6 9 ,8 4 2 3 6 11
3 U 34 5 78 ccs *7g 4 3 ®6 9
'•hopped out, but washing rains necessitated some replanting.
4
3
3
8
1
0
%
4 2 3611
A r k a n s a s .— C o tt o n p la n tin g p ro g r e s s in g , e a r ly -p la n te d c o m in g u p .
39g 61,8 ® 7
“ 21
321.8V
39e 8
367s 4 2 % ® e i o % 3i»sv r e p o r ts d iffe r a s t o c o n d itio n ; s o m e b e in g p lo w e d u p on a c c o u n t o f
“ 28 5% ® 6 % 4 2 3 6 11
p o o r sta n d , c u t w o r m s d o in g d a m a g e
M ay 5 5»« ®a>« 4 2 ^ 6 11
398 57S ® 678 4 2 ® 6 10
39,6
T ennessee.—W a rm su n sh in e u n til 4th, w h e n r e fr e s h in g showers
“ 12 5 1 1 ,.a e » ,e 4 2 ® 7 0
5 78 W 7* 4 2 ® 8 9% 3 «i„
fe ll q u ite g e n e r a lly o v e r th e S ta te ; a fin e w e e k f o r fa rm work a n d
E n g l i s h W e a v e r s ’ T r o u b l e S e t t l e d .— O u r Liverpool cor­ g r o w in g cro p s. C o tt o n g ro w iD g w e ll in so u th e rn p o rtio n s.
O k l a h a m a . — U n fa v o r a b le f o r c o t t o n , a n d p la n t in g fu rth e r d e la y e d .
8,0 0 0 2 8 5 .0 0 0
2 0 .0 0 0 3 0 5 .0 0 0

3 ,0 0 0 3 1 3 .0 0 0 , 5,0 0 0 3 1 0 .0 0 0
1 8 ,0 0 0 272.0001 1 4 ,000 331.001

ft

respondent cables ns to-day that “ the wages dispute with the
These reports on cotton are summarized by the Depart­
weavers:has been settled and that the settlement has stim­ ment as follows:
n p la n t in g c o n tin u e s o v e r t h e n o rth e r n p o r t io n o f th e c o t t o n
ulated an enormous trade. Yarns and cloth are active, and b eClto,tto
a n d th e e a r ly -p la n t e d h a s m a d e fa v o r a b le p r o g r e s s o v e r th e
s
o
u
th
e
rn
c e n t r a l p o rtio n s . R a in is n e e d e d in p o r t io n s o f S o u th
the business done is of a steady, healthy character. The- C a ro lin a , aFnlod rid
a a n d L o u isia n a , w h ile w a s h in g o u t b y r a in s h a s n e c e s ­
sita
te
d
r
e
p
la
n
t in g in N o r th e rn T e x a s . I n O k la h a m a p la n tin g h a s b e e n
large purchases of raw cotton are indicative of a continued
d e la y e d b y h e a v y ra in s.
margin of profit for producers.
M a t C o t t o n R e p o r t o f t h e A g r i c u l t u r a l B u r e a u .—
L a r g e S a l e o f P r i n t C l o t h s a t F a l l R i v e r . — An im­ In the following, which is the full report of the Agricultural
Bureau on cotton for May 1, it will be noticed that no indica­
portant incident of the past week in the cotton-goods trade tion of the actual reduction in acreage is given. The report,
was the sale last Saturday at Fall River of 1,250,000 pieces of in fact, merely shows the expressed intentions of planters in
printing cloth—the largest single transaction of the kind ever April as to the matter o f area, and therefore may differ very
consummated. The actual quantity of each grade figuring materially from the final figures :
h e c o t t o n r e p o r t f o r th e m o n th o f M a y in d ic a te s m e re ly th e h e li e f
in the deal has not been made public, but the sale was made o fTco
rr e s p o n d e n ts o n M a y 1 as t o th e in te n tio n s o f p la n te rs r e g a r d in g
the
a c r e a g e t o be p la n t e d , a n d th e e s tim a te s b e in g lia b le t o m o d ific a ­
on the basis of 2%c. for regular 28-inch 64xG4s. The period
tio n d u r in g M ay, th e y s h o u ld b e re g a r d e d m e r e ly as a g e n e r a l in d i c a ­
during which delivery of the goods is to be made extends to t io n o f th e stre n g th o f th e te n d e n c y to w a r d an e n la rg e m e n t o r r e d u c ­
n o f a cre a g e . I n e v e r y C 't t o n - g r o w in g S ta te th e in d ic a t io n s o n t h e
October 1, and the Selling Committee, throngh which of tio
first in s ta n t p o in t e d t o a r e d u ce d a cr e a g e , w it h a c o r r e s p o n d in g
course the sale was made, guarantees to maintain the Fall d e cr e a s e in th e sa le o f fe r t iliz e r s , a n d a n in c r e a s e d a c r e a g e in th e
v a rio u s fo o d cro p s .
River prices upon basis of 2 % c . for regulars up to that date.
T h e p ro b a b le r e d u c t io n b y S ta tes is a s f o l l o w s ; I n M is s is s ip p i a n d
In d ia n T e rr ito ry , 5 p e r c e n t ; In A la b a m a , 8 ; T e x a s , 9 ; A rk a n s a s , 1 0 ;
S ou th ern
C o t t o n S p i n n e r s i n S e s s i o n . — The largest S ou th C a i o l i n a , l l ; L o u isia n a , 1 2 ; G e o rg ia , 1 3 ; N o rth C a ro lin a a n d
meeting in the history of the Southern Cotton Spinners’ T e n n e sse e , 1 4 , a n d O k la h om a , 18 p e r cen t.
N o e stim a te o f th e t o ta l r e d a c t io n w ill b e p u b lis h e d u n til n e x t
Association was called to order at Charlotte, N. C., at il
, w h e n th e fin a l r e p o r t s o n p la n tin g w ill be o o m p a re d w it h th e
o’clock on Thursday, May 11, about one hundred and forty rme ovnisth
e d a c r e a g e fig u re s f o r la s t y e a r.
members attending. Among the important matters passed
T h o m a s ’ s C o t t o n R e p o r t .— W e have also received this
upon at the meeting was the appointing of arbitration com­
mittees as follows: Differences relating to cotton, consisting week Mr. Thoman’s cotton report, which he summarizes as
of two mill men; differences relating to yam, two mem­ follows:
R e v ie w in g t b e c r o p situ a tio n as a w h o le , th e e v id e n c e a t th e m o ­
bers and two yarn commission men; differences in cloth,
en t p o in ts t o a d e cr e a s e in a c e r a g e as co m p a r e d w ith la s t y e a r
two members and two cloth commission men; freight rates, m
p r o b a b ly a m o u n tin g t o fiv e p e r ce n t. T h e la r g e s t d e cr e a s e o c c u r s in
two members and a representative each from the Southern G e o r g ia , n o w in d ic a te d a t 13 p e r c e n t, w h ich is la r g e ly d u e t o t h e f a c t
Railway, the Seaboard Air Line and the Atlantic Coast t h a t th e c e re a l a cre a g e s h a v e b een n o t a b ly in c r e a s e d th is y e a r. T b e
Line. Upon motion the Textile School at Clemson College, S. a c re a g e o f w h e a t a lo n e sh o w s an in c r e a s e o f 3 5 p e r c e n t in th a t S ta te
it is a little e a r ly t o sp e a k p o s it iv e ly as t o c o r n a n d o a ts ,
C. , the School of Technology at Atlanta, Ga., and the Agri- raenpdo, rwt sh aiiet th
e p re s e n t tim e s h o w th a t e a c h c r o p w ill b e in c r e a s e d b y
cnltnral and Mechanical College at Raleigh, DJ. C., were a b o u t
p e r ce n t. W h a t is tru e o f G e o rg ia is e q u a lly tru e o f th e
unanimously commended. Dr. J . H. McAden, of Charlotte, C a ro lin a s , A la b a m a , T e x a s a n d A rk a n s a s. A s t o th e p r o b a b le p ro m is e
o f th e e a n ie r stages o f g r o w th it is t o o e a rly t o say. H o w e v e r , the se a s o n
was elected President for the ensuing year. Mr. J. P. Yer- is
v e r y b a ck w a rd . T h e s o il in m a n y in s ta n ce s w a s n o t w e ll p re p a r e d
dery, of Augusta, Ga., Vice-President and Mr. George D an d in o th e rs it br- k e b a d ly . T h ese c o n d itio n s , in c o n n e c t io n w ith
Hiss, Secretary and Treasurer. The Board of Governors is- c o o l te m p e ra tu re s s till p r e v a ilin g a t r ig h t o v e r c o n s id e r a b le s e c tio n s
D. A. Tomkins, Chairman; R. H. Reinhardt, of Lincolnton; o f th e b e lt, m a y h a v e a t e r d e n o y t o c h e c k the g r o w th , at le a s t f o r the
s e n t. I t is b e lie v e d , h o w e v e r , th a t a c o n tin u a n c e o f fa v o r a b le
A. P. Rhine, of Mount Holly; Leroy Sperings, of Lancaster’ pwre
e a th e r w o u ld g o fa r t o m a k e g o o d a n y d is co u r a g in g p h a s e s o f th o
S. C.; J. T. Anthony, of Charlotte; J. C. Smith, of Newton’ s itu a tio n t h a t h a v e b e e n e n c o u n te re d t o d a te a n d m ig h t, in a d d itio n ,
R. R. Ray. of McAdensville, N. C.; W. C. Heath, of Monroe’ h a v e a b e a rin g o n th e a m o u n t o f p la n t in g y e t t o be d o n e .
T h e f o llo w in g sta te m e n t sh ow s, b y 8 ta te s, the e s tim a te d in c r e a s e ’ o r
and A. C. Miller, of Shelby.
d e cre a s e in a c r e a g e a s r e p re s e n te d h y p e rc e n ta g e s :
T h e T e x a s S t a n d a r d C o t t o n B a l e .— Yesterday the Galves­
CONTEM PLATED A C R E A G E , 1 8 9 9 .
ton Maritime Association passed a resolution which will have
States—
P er 0*t.
States—
P e r CTt.
an important bearing on the transportation of cotton from V ir g in ia .......................... ...............
9 6 M is s is s ip p i................. .........
10 a
N
o
rth
C
a
r
o
lin
a
...........
...............
93 L o u is ia n a ...................
Texas, as all rates on that product are based upon the rates
S ou th C a r o lin a ........... ...............
9 0 T e x a s .......................... ........
96
through Galveston. Heretofore the minimum density per G e o r g i a .......................... ...............
87 A rk a n s a s.................... ........
96
mitted on cotton was 22J£ pounds to the cubic foot. Under F lo r id a ............................
ftS,
98 T h e T e r r it o r ie s ........ ........
the rules of the Railroad Commission all cotton not coming A la b a m a ........................ ...............
96
np to this standard could be re-compressed at the expense of
A v e r a g e ...................
the press doing the inferior work. Last year some of the
N e w Y o r k C o t t o n E x c h a n g e . —Amendments to the r u l e s
ship-brokers went a step further and offered a premium for
cotton pnt up in standard gin boxes and properly pressed of the Cotton Exchange have recently been posted as follows
A m e n d R u le 2 b y su b stitu tin g th e fo llo w in g f o r p a r a g ra p h fo u r t h
It resulted in marked improvement, although all of the gintio n t h a t is n o t m a d e b y o p e n o u t c r y s h a ll b e r e p o r t e d o r
ners did not make the change and give their customers a “r eNcoo rtdr eadn sina cth
e r e c o r d o f tra n sa otion a . T h e n a m e s o f p u r ch a s e r a n d
chance to get the premiums. The step which is now- taken is se lle r sh a ll b e g iv e n w h en r e q u ir e d .”
T h e a m e n d m e n t r e la tin g t o m e m b ersh ip c e rtifica te s re a d s : “ A m e m ­
the naming of a standard to which ginners and compresses
a y b e t r a n s fe r r e d t o a m e m b e r o r m e m b e r -e le c t, b u t t o n o
must both play to in order to please their customers. Instead bo ethrsehr ipp em
rs o n , b y th e o w n e r th e r e o f m a k in g the n e c e s s a ry t r a n s fe r o n
of offering premiums, there are penalties prescribed in the the tra n s fe r b o o k o f th e E x ch a n g e , an d p a y in g t o th e T r e a s u r e r tof
way of higher rateB on cotton below the standard. This is th e E x c h a n g e a fe e o f $ 2 5 fo r m a k in g th e tr a n s fe r . B u t n o m e m b e r ­
perhaps, the same thing in the end, but it is believed that it sh ip sh a ll b e so t ra n s fe rre d u n til t h e n o t ic e o f t h e in t e n t io n t o m a k e
su ch tra n s fe r , sig n e d b y the m e m b e r o r his le g a l r e p r e s e n ta tiv e , sh a ll

h a v e b een p osted u p o n She b u lle tin o t th e E x c h a n g e fo r ten d a y s , a n d
u n til a il cla im s a g a in s t su ch m e m b e rs w h ich m a y b e p re s e n te d w ith in
sa id t e n d a y s b y o th s r m e m b e rs o f th e E x c h a n g e b e s e ttle d , o r w h ile
a n y an n u a l d u es o r a ssessm en ts le v ie d o n aueh m e m b e r s h ip s h a ll r e ­
m a in u n p a id , a n d if the sa id m e m b e rsh ip is n o t tr a n s fe r r e d a t th e
e x p ir a t io n o f th e said ten la y s , su ch n o t ic e o f in t e n t io n t o t r a n s fe r
sh a ll b e c o m e v o id ."
S e a Island Cotton Movement.—W e have received this
(Friday) evening bv telegraph fr 'at the varions ports the
details of the Sea Islan ic o ito a nuvsaisat for the week. The
receipts for the week ending to-night (May 12) a o l since
Sept. 1, 1898, the stocks o-aUrht, and the aatn- items for the
corresponding periods of IS 17-93. are as follow s, ___________
1 8 98-9 9.

1 8 9 7 -9 8

T h is
Since
week. Sept. 1

Stnct
T h it
V064k. S ept.

S fclLCAil................... . . . . .
C h a rle sto n , A c ...................
F lorid ® , A c ................- ........
T o t a l........................ .

116
2
...

5 2 ,8 4 7
5,3(54
8,161

17
1
....

118

8 0 ,3 7 2

18

«or*.
.
1889

5 6 ,7 6 9
9.7H7
6 ,7 0 6

2 ,0 3 0
37 4
2,001

18 98
9 .3 7 4
3 ,1 0 6
1,9 1 5

N e w Y o rk .

* 212

’ 27

T o ta l. . . .

349

27

3 7 6(23 ,53 1

137

8o,ton . . . .
Balt., A c ....

T o ta l 1897-8

ffortk'n M\ m.

Since Sept. 1 , 1 8 9 8

O rtat I fr*n ee
Oreat F r'n ct _
Siti'
T otal. ” ***• 1Sept.'
Toia. B rifn .
A t.
B rifn . s c
. . . . . . 4 ,9 4 9
13 7 1,5 42
........
200
23 12 ,105
.......... 1,9 8 1
.......... 2 ,7 5 4

Savannah...
(Jharl’t'n.Ar
F lo rid a , Ac

......

22 5

2 2 5 2 8 ,1 3 9

2 ,9 9 1 7 ,9 4 0
.......... 1,5 4 2
____
20 0
5 ,3 0 4 1 7 ,4 0 9
.......... 1,981
.......... 2 ,7 5 4
8 ,2 9 5 3 1 ,8 2 6

601 2 8 ,041
1 0 1,4 18
7 ,0 8 4

.......

7 ,7 1 6 86,886

151 3 0 ,3 2 3

Total bale*.

T o t a l-------. . . . . . . ...........

3 ,0 4 4

438
24

27
5 ,4 0 0

27

278
1,6 99
560
4 ,5 5 6
5 ,4 0 0
530
45 0
5 ,8 3 6
36 3
619
1 ,1 5 0
1,1 17
5 ,8 2 7
400
569
3 ,1 3 7
200
86 2
3 ,1 8 6
50
59 3
1 ,0 1 5
400
3 ,5 0 0

__ __
......
....a.
___
862
3 .1 3 6 __
593
♦aa... ......
......
—

1,1 17
509
3 ,1 3 7

T o t a l .__ 2 3 ,3 6 2

5,4 2 7

-01 A. K ro p e > Mexico,

101
30 2
9,227

North. South.

Sc.

Japan.

2 7 8 2 ,3 4 9 .........................
530
4 5 0 .........................
1.8 0 5 .......................................
........................
2 3 7 ..........

280

7 ,9 0 5

Total.
6,1 6 1
1 0 ,9 3 6
8 ,0 0 3
28 7
7 ,3 4 4
569
3 ,1 3 7

200

.
40 0
3 ,5 0 0

862
3,2 3 8
1,0 08
40 0
3 .5 0 0

3 ,9 0 0

4 6 ,2 4 8

50

1,015

2,6 13

2 ,8 9 9

337

Fr\.

TAur*.

1 2 is -1 5
25 s
19
18® 20
25
25
27
29
27
18320
23
18320
26

6 2 ,0 0 0
Sales o f th e w e e k ...........b a le s .
O f w h ic h e x p o r t e r s t o o k . . .
2 ,0 0 0
300
O f w h ic h s p e c u la to rs t o o k .
l a ee A m e r ic a n ..........................
5 8 .0 0 0
7 ,0 0 0
A etna e x p o r t ..............................
5 9 .0 0 0
F o r w a r d e d ...............................
T ota l s to ck —E s tim a te d ........... 1 .6 4 5 .0 0 0
O f w h ioh A m e n o a n - E s t m ’d 1 .5 0 1 .0 0 0
3 5 .0 0 0
T o ta l Im p o rt o f t h e w e e k ____
2 8 .0 0 0
O f w h io h A m e r lo a n ...... ........
A m o u n t a f l o a t ............................
0 5 .0 0 0
6 0 .0 0 0
O f w h ioh A m e r lo a n ...............

A p r il 28

May 5

May 12

1 0 2 ,0 0 0
5 5 .000
5 6 .0 0 0
S .100
2 ,7 0 0
4 .8 0 0
1,5 0 0
30 0
30 0
9 1 .0 0 0
5 0 .0 0 0
5 1 .0 0 0
14.000
6,0 0 0
8 ,0 0 0
6 6 .0 0 0
6 1 .0 0 0
5 7 .0 0 0
1 ,6 1 6 ,0 0 0 1 ,6 0 1 ,0 0 0 1 .5 4 9 .0 0 0
1 ,5 3 3 ,0 0 0 1 ,5 1 6 ,0 0 0 1 .4 6 7 .0 0 0
3 5 .0 0 0
5 3 .0 0 0
2 8 ,0 0 0
3 9 .0 0 0
2 0 ,0 0 0
2 6 .0 0 0
7 5 .0 0 0
6 4 .0 0 0
7 4 .0 0 0
5 6 .0 0 0
6 6 .0 0 0
6 7 .0 0 0

The tone df the Liverpool market for spots and futures
eaoh day o f the week ending May 12 and the daily closing
prices of spot ootton, have been as follows.
Sat'day. Monday. Tuesday. Wed'day. T hurtd’ y Friday.

M ark et, ) Harden'd
1:4 5 P. M.J tendency.

Active.

Good
d etna uil.

Active.
3 l3ss

Mid. U p l'd *.

31 »„

3 I»„

813S,

S p e c .* e x p ,

1 0 ,0 0 0
500

1 5 ,0 0 0
1,000

1 5 ,0 0 0
2 ,0 0 0

F w lursf.
M arket, {
1 :4 5 r .
M arket, )
4 p. m. $

Quiet at
ranee.
Steady.

Quiet at

F M
E«*y.

Steady.

Quiet.

Steady.

Quiet but
•teady

Good
buatneaa
doing.

Active.
3l»sa

313,2

2 0 ,0 0 0
1 ,0 0 0

1 2 ,0 0 0
1 ,0 0 0

Steady at Steady at
partially partially
1-<H dec. 1-4M dec.
Steady.

Quiet.

The prices o f futures at Liverpool for each day are given
below. Prices are on the basis of Uplands. Low Middling
clause, unless otherwise stated.

1

4 6 ,2 4 3

Qer-

A p r il 2 1

10 0

The particulars o f the foregoing shipments, arranged In
onr usual form, are as follows.
3,5 0 6
4 .5 5 3
5.8 36

fVtdnes.

L i v e r p o o l .— B y oable froth Liverpool we have the lotion
ingstatement o f the week's sales, stooks, & c.. at that port

Spot.

N s w Y o k e —T o L iv e r p o o l. p e r steam er* A u ra n ia , 1 ,5 4 4 ____
C u llc, 9 6 2 ___ T au rlo, 5 3 8 .......... —...................................................
T o M a n ch ester, p e r ste a m e rs C h a u cer. 2 0 0 u p la n d a n d 2 1 2
S ea I s la n d ___ M oxart, 2 6 ....................... ..........................................
T o L o n d o n , p e r stea m er M on tca lm , 2 4 . . ............................. . . .
T o H a v r e , p e r s tea m er L a N orm a n d ie, 27 S ea I s l a n d ...........
T o firem en , p e r s tea m er K a is er W ilh elm d e r O rosse, 1_____
T o H a m b u rg , p e r s tea m er P a la tla . 1 0 0 .......................................
T o A n t w e r p , p e r ste a m e rs B ritish T ra d e r , 1 7 8 ___ Erie*
la n d . 1 0 0 .............................................. ...............................................
T o G e n o a , p e r stea m ers B o liv ia , 7 0 5 ___ E m s, 9 9 4 .............. .
T o N a p les, p er stea m er Eras, 5 5 0 .................................. ......... ..
N » w OKI.b a KB—T o M a n ch ester—M ay 1 0 —S tea m er C arlton ,
4 .5 5 6 .................... ..................................................................................
T o H a v r e —M ay 1 0 —s te a m e r Italian P rin ce, 5 ,4 0 0 .................
T o K o t t e r d a m -M a y 1 1 —Btearner M a n itob a , 5 3 0 ....................
T o O p o rto— M ay 8— B a rk A lb a t r o r , 4 5 0 ............................. .........
G a l v e e t o k —T o L iv e r p o o l-M a y 5 - s t e a m e r E n g in eer, 5 ,8 3 6 ,.
T o H a m b u r g —M ay 11—S tea m er T reg eu n a , 3 6 2 .......................
T o R o tte r d a m —M ay 8 - 8 t e a m e r L u d w ig , 64 9 ..........................
T o A n t w e r p —M a y 5— S tea m er T h ord tsa , 1 ,1 5 6 .........................
P e im u c o l a —To L iv e r p o o l— M ay 9— S tea m er B erra. 1 .1 1 7 ..........
T o B rem en —M a y f o —S te a m e r S ofia B ralili, 5 ,8 2 7 ..................
T o H a m b u r g —M ay 1 1 -S t e a m e r K n ig h t C om p a n ion , 4 0 0 . .
BBJTKBW1CK—T o L iv e r p o o l—M ay 8 - S t e a m e r W esth sll, 5 6 9 ___
Oh a b l a s t 0 5 —T o L iv e r p o o l—M ay 1 1 —S tea m er V e v a , 3 ,0 0 0
u p la n d a n d 137 s e a Is la n d .......................... .......... . .............
N o e f o l k —T o H a m b u r g - M a y 6—S tea m er O len ooe. 2 0 0 .............
N h w t o r t N b w s —T o L iv e r p o o l—M ay 8 —S tea m er K an a w h a ,
8 6 2 . , ................................................................ ........................................
BOSTON—T o L iv e r p o o l—M ay 3 —S tea m er N ew E n glan d . 2,7 4 6
— M ay 5—S tea m er S y tv a n ia . 2 5 6 . . . .M a y 9 —S tea m er
L a n ca s tria n , 1 8 4 ..........................................
T o Y a rm o u th — M ay 8 —S tea m er B oston . 5 0 ................................
B a l t i h o b * —T o L iv e r p o o l—M ay 1 0 - s t e a m e r T e m p le m o re ,
5 0 3 ................. .
..........
....... ....
T o B r e m e n —M ay 10 -S t e a m e r R o la n d . 1 ,0 1 5 .......................... .
8 a « P s a k c i s c o - T o J a p a n - M a y 6 - 8 t a a m e r A m e r ic a Marn.
1 0 0 ...........................
S e a t t l e T o J a p a n —M a y 1 0 -S t e a m e r S a h a ra M arti, 3 ,5 0 0 . . .

B rta l French
B rirn . p o r k .

Tuts.

6 1 1 (3 7 ,4 4 3

Quotations May 12 at Savannah, for Florida, common,
9c.; medium fine, 10c.; ohoioe, lit .
Charleston, Carolina, medium line, lSc.; fine, 20c,; fullv
fine, 33 to 35o.; extra fine, 40 to 50c.
S h i p p i n g N e w s . — A s shown on a previous page, t h e
e x p o r t s of cotton from the United States the past week have
r e a c h e d (8,348 bales. The shipments in detail, as made up
f r o m m a i l a n d telegraphic returns, are as follows:

N ew Y o r k .
N. O rlean s.
H alve* to n .
C or. C A c
P e n sa co la .
B n ro* w ick
C h a rle s to n
N o r fo lk —
N'p*t N ew *
B o sto n . . . .
B a ltim o re .
Ban F r a n ..
S e a t t le ,....

Mon.

7 3 ,242 : 4 ,4 0 5 14 ,395

The exports for the week ending this evening reach a total
of 376 bales, of which 3-49 bales were to Great Britain, 27
to France and — to fteval, and the amonnt forwarded to
Northern mills has been 8tl bales. Below are the exports
for the week and since September 1 in 1898-99 and 1897-98.
Week, en d in g H ay 12

Satur.

L iv e r p o o l, M a y . .c. 12*3-15 12>s-15 12*a-15 121S-15 12*a-15
21
25
25*
H a v r e ..................... c.
25*
25*
19
19
19
19
19
B r e m e n ________ ,e.
21
181220 1 8 ® 20 1 8 ® 2 0 1 8 0 2 0
H a m b u r g ............. e.
25
25
25
A m s te rd a m .......... c.
25
25
25
25
25
B o tte rd a m ............ c.
25
25
27
R e v a l, v. H anjb, .c.
27
27
27
27
29
29
29
Do
v. H u H ...e .
27
29
28
27
27
27
Bo
v. LoxuTn.c.
27
18*20
18 3 2 0
Genoa,............... . . .e . 1 3 * 2 0
18320 18320
23
23
23
23
T rieste, d i r e c t . . . c.
23
A n t w e r p . . . . . ___ e.
20
18*20
18320 18320
18320
G h en t. v -A n t w 'p .e .
26
26
26
26
26
Q u o ta tio n s are oenta p e r 1 0 0 lbs. u n less o th e r w is e sta te d .
■ A n d 5 p e r ce n t.

to
MO

S e ttip ts to May 12 .

MxporU
from

96 5

THE CHRONICLE

Ma i 13, 1899,

To Japan since September l shipments have been 103,214
bales from Pacific Coast, 15,073 bales from New Orleans,
13,960 bales from Galveston and 209 bales from New York.
Cotton freights at N e w York the past week h a v e been
as follows.

Hay 6 to
Hay 1 2

S a t.
13Q
j- . m ,

d.

M a y ............. . 3 21
M ay-Ju no. .1321
J u n e - J u ly . 3 22
J u l y - A u g .. .,3 22
A u g .-S e p t.. . 3 22
9 e p t .- O o t .. 3 22
O c t.-N o v .. . 3 21
N o v .-D e c .. 3 21
D eo.-Jan . . 3 21
J a n .- F e b ... [3 21
F o b .-M o b .. 3 21
M ch. A p ril |3 22

1

S io n .
1:451 4

1 Tuea.
1:45

r . n . r .a .I r .M , r . M .

4
p

.m . f . m .

d.
it I d . i d .
3 21 3 22 3 2113 2113 22
3 21 3 22 0 2 1 3 2113 0 0
3 2 2 ) 3 2 2 3 2 1 :3 2 2 )3 22
3 2 2 3 23 3 2 2 .3 22 )3 23
3 2 2 )3 23 '3 2 2 3 2213 22
3 22 3 22 3 2 1 ,3 2213 22
3 2 1 ,3 22 3 2 1 3 2 1 ) 3 21
3 2 1 )3 21 3 2 0 3 2 0 )3 21
3 21 3 21 3 2 0 :3 2 0 3 21
3 2 1 )3 21 3 1 0 3 21 3 21
3 21 3 2 2 3 21 3 21 3 22
3 2 2 ,3 23 3 2 2 3 2 2 3 22

BREADS

W ed.
1:45
d.
3 21
3 21
3 22
3 23
3 22
3 22
321
3 21
3 21
3 21
3 22
3 23

4

T tie r s.
1:45

4

r.m. r.m. r.u.
3
3
3
3
3
3
3
3
3
3
3
3

<t
d.
31 3 22
21 3 2 2
21 3 22
22 8 2 3
2 2 3 23
21 3 22
21 3 2 2
20, 3 21
20) 3 21
20 3 21
21 3 22
22 3 23

T UFFS.

F rt,
1 :4 5 4
r .x ,| r .i t .
3
3
3
3
3
3

d.
21
21
21
23
22
21

j d.
3 20
3 20
3 21
3 21
3 21
3 21

8 21 3 20
3
3
3
3
3

20
2<*
20
21
22

3
3
3
3
3

19
19
20
20
21

F r i d a y , May 12, 1&99.
Business in the local market for wheat flour has been
qaiat. The home trade has continued to show only indiffer­
ent interest, jobbers generally confining their purchases to
car-load lots, not being disposed to take supplies in advance
of their immediate wants. The export business also has
been quiet. Advices from the North western market, how­
ever, have reported large export sales, principally o f bakers’,
mills in a number o f instances being sold ahead. Prices
have weakened slightly following a decline in the grain.
Rye flour has had a better sale at steady prices.
Corn meal
has been in fairly active demand and firm.
Speculation in wheat for future delivery has been quiet
ana prices have declined. Early in the week the labor
troubles at Buffalo interfered with the export business.
Favorable weather conditions at the West also had a weak­
ening influence and prompted moderate selling by longs to
liquidate their account. Tuesday there was a slight improvement in values on purchases for investment account,
stimulated by the anticipation o f an unfavorable Bureau
report. Wednesday the market, again turned easier under
moderate offerings, prompted by favorable weather condi­
tions in the West, and also by a more general disposition
to anticipate a more favorable Bureau report than was at
first expected. Thursday there was a weak and lower
market, prices declining l% @2c. under general selling,
prompted by a more favorable Bureau report than was gen­
erally anticipated. Indications were that the labor troubles
at Buffalo would be shortly settled and resulted in an im ­
proved cash trade. Business 10 the spot market has been
fairly active, as exporters have been buyers, The trading,
however, has been interfered with by the grain shovelers

THE CHRONICLE

936

[V ol. LXVIII,

The following comparison for a number of years covers the
strike at Buffalo. To-day there was a firmer market, prices
advancing %@Vao. on buying by recent sellers to coyer short condition of winter wheat in the leading States:
CONDITION O F W IN TER W H EAT.
sales. Business in the spot market has been active, with
rumors of large sales, with about 350,000 bushels confirmed.
d a il y

o l o sin g p r ic e s

o r NO. 2 R E D w i n t e r i n N F W
82
78*4
7 6 i*

Cash w h ea t f. o. b............. 85 %
M ay d eliv ery In e l e v . . . . 7 8 %
J u ly d e liv e r y In e le v ........ 77 %
8 e p t. d e liv e ry In e l e v . . . . 76
D ee. d e liv e r y In e le v ___ 7 7

S3°8

83%
7808
77
76
76%

78%
760s
75%
76%

Tuet.

Wed.

71%
72%
71%

70%
72
71%

75*4

76**
NO . 2 S P R IN G IN

Mon

Bat.
M ay d e liv e r y In e le v — . .
J u ly d e liv e r y In e le v .........
8 e p t. d e liv e r y In e le v —

Wed.
~

Mon• ru e*.

Bat.

7038

71
72%
71 %

7 1^ 4
71

Y O R K .

T h uri.

F ",

82
76%
75
73%
74%

826s
77*e
7 5 1*
7 4 **
75%

C H IC A G O .

Thurs.

Fri.

69

69%

70
69«s

70**
70%

1899.

1898.

1897.

States.
A jr r il.

Ohio................................
Indiana............................
Illinois.............................
Missouri .......................
Kansas.............................
Michigan.........................
California.......................
Oregon........ .....................
New York.......................
Pennsylvania................
Tennessee.......................
Kentucky.......................
Maryland........................
Virginia...........................
Texas...............................

M a y.

86
72
74
73
66
75
93
85
85
89
71
74
88
80
71

A p r il.

M ay.

80
85
75
81
101
92
02
102
92
92
95
97
98
101
86

t2

(8
54
65
64
60
96
88
94
86
78
76
83
78
67

82
87
86
88
105
95
26
105
100
96
95
102
101
110
86

Ju n e. A p r il.

87
95
84
96
104
97
S3
107
98
93
93
£9
98
104
92

M a >j.

83
65
40
60
80
85
99
87
90
96
90
89
100
96
99

82
61
37
54
78
81
97
96
93
96
93
02
102
69
08

June.

88
60
38
45
88
79
73
100
102
102
109
94
107
96
111

Indian corn futures have received a moderate amount of
attention. Eary in the week there was a slight weakening
in values under a free movement of the crop and liquidation
by longs. Thursday, however, there developed a steadier
tone. During the latter part of the week the movement of
the crop was smaller, ana this, together with an, active ex­
port business and aggressive buying for investment account,
advanced prices. Business in the spot market has been ac­
76*2
A v’ge whole country.. 77-9
86*0
86*5
81-4
90-8
80-2
785
tive, as exporters have been free buyers. To-day the market
G overnment W eekly G rain R eport. —Mr. James Berry,
was firmer on light receipts and continued good export busi- Chief of the Climate and Crop Bureau o f the Agricultural
iness. The spot market was active. The sales for export Department, made public on Tuesday the telegraphic reports
here and at outports were about 500,000 bushels.
on the grain crops in the various States for the week ending
OF NO. 2 M IX E D CORN IN N E W Y O R K ,
May 8 as follows:
Mon.

Sat.

Cash c o m t. o. b ............. .. . 40 %
M ay d e liv e ry In e l e v . . . .. 38 %
%
J u ly d e liv e ry in e l e v . . . . . 38
3858
39
S ep t, d e liv e r y In e le v
or‘
58 OF NO.

Mon.

Sat.

M ay d e liv e r y In e l e v . . . . .
J u ly d eliv ery In e le v —
Sept. d eliv ery In e l e v . . . .

323*
32%
33 %
OOQ'
34%

Wed.

Tuet.

Thun,

40%
39%
39%
40 %
38%
38%
38%
38%
38%
38%
SS%
38%
38%
.
.
.
.
3
8
%
38%
2 M IX E D CORN IN C H I C A G O .
32%
33
33%

F ri.

41%
39%
38%
39

Taes.

Wed.

Thun.

F ri.

32 %
33%
33 %

32%
33%
33%

32%
33 %
33%

33%
33%
34%

Oats for ftture delivery at the Western market have been
moderately active, but at lower prices. Crop accounts have
been favorable, receipts in the interior have been large, and
the Bureau report was favorable, all of which prompted free
offerings, under which values weakened. A fairly large busi
ness has been transacted in the spot market, as both export­
ers and the home trade have been buyers ; prices have weak­
ened with futures. To-day the market was firmer with
other grains and on shorts covering. The spot market was
fairly active. Sales reported for export were 20,000 bushels.
D A IL Y CLOSING PRICES OF OATS IN

Sat.

NEW

Mon.

Tuet.

32*4
36

Sat.

Mon.

Tuet.

M ay d e liv e r y in ele v —
J u ly d eliv ery in e l e v . . . . .
Sept, d e liv e r y in e le v ..

265 q
2 333Hi
215g

26*4
23*4
21

25 %
22%
20%

o

Thun.

Fri

31
31
32
31%
31
35 %
35
35 %
35%
35 %
. 2 M IX E D OATS IN C H I C A G O

N o. 2 m ix e d in e le v .........
N o. 2 w h ite in e le v ...........

o

YORK,

Wed.

Wed.
25°8
23*8
20^4

Thun.

F r i.

26
23*4
20 %

26%
23%
21%

Rye has been quiet and prices have weakened slightly with
other grains. Barley has been quiet and easier.
Following are the closing quotations :
FLO O R.

Fine .......... $2 02© 2 25

P a te n t, w i n t e r ------ $ 3 65 ® 3 9 0
C ity m ills, e x t r a s .. 3 9 0 •94 3 0
S u p e r fin e ................ 2 4 0 9 2 50
R y e flo o r , su perfin e 3 00 ® 3 4 5
E x tr a , N o. 2 .......... 2 55 9 2 6 0
B u ck w h ea t H our............... © . . .
E x tr a , N o. 1 .................. 2 659 3 10
C o m m ea l—
B a k e rs’ e x t r a _____ 2 8 0 9 3 4 0
9 3 55
W estern , eto ___ _ 2 05
05 9 2 10
B tr a lg h t e ................ ..
3 30
____________
B rand y-sH ne........
2 15
Pa
ten t. S p rin„g ____
........ 3 7 5 9 4 4 5
TWheat flou r In sa ck s sells a t p rice s b e lo w th ose to r b a rrels.
GRAIN,
C o m , p e r b u sh o.
e.
Wheat
c
o
W estern m ix e d ___ . . . 3 8 % ® 4 1 %
H a rd D u lu th , N o. 1 8 1 % ® 8 3 %
N o. 2 m ix e d ...... ............ 3 8 % ® 4 1 %
N’ th ’n D u ln th , N o. 1 7 8 % © 8 0 %
W estern Y e l l o w ... ...4 0 % ® 4 2
R e d W in ter. N o. 2.. 7 9 % ® 8 2 %
W estern W h ite ......................9 ____
H a rd M an., N o. 1 . . 7 9 % ® 8 1 %
R ye—
O ats—M ix ’ d , p e r b s h . 3 0 % ® S 3
W estern , p er b u sh .
61 9 6 6 %
W h i t e ........................ 3 4 9 3 8
Btate an d J e r s e y ... . 6 2 % ® 6 6 %
N o. 2 m ix e d ............. 3 1 9 3 2
B a rley —W e s t e r n ......... 45 9 54
N o. 2 w h it e ............. 35 9 36
F e e d i n g ........................ 4 1 9 4 5

—

.

.

A gricultural Department R eport

on

Cereals, & c.—

The report of the Department of Agriculture showing the
condition of cereal crops on May 1 was issued on the 10th
inst., and is as follows:
T h e M ay re tu rn s t o th e S ta tisticia n o f the D ep a rtm en t o f A g r ic u lt ­
ure sh ow the a orea g e in w in te r w h ea t In cu ltiv a tio n on M ay 1 to h a ve
b e e n a b ou t 2 5 ,9 0 0 ,0 0 0 aores. Tills is a b o u t fo u r m illion a cre s less
than th e a rea estim a ted to h a v e been so w n la st fa ll, b u t it still slig h tly
e x c e e d s the a rea o f w in te r w h e i t h a rv e ste d la st y ea r. T h e re d u ctio n
In a orea g e In th e p rin cip a l S ta tes, as c o m p a re d w ith the a rea seed ed
la s t fa ll, is as fo llo w s : K a n sa s, 8 6 8 ,0 0 " : I llin o is , 7 0 1 ,0 0 0 ; In d ia n a ,
39 4 ,0 0 0 ; M issouri, 3 4 5 ,0 0 0 ; T e x a s , 227 , 000; O h io. 14 9,00 0; N eb ra sk a .
14 4.00 0; M ich ig a n , 1 2 8 ,COO; W iscon sin , 1 2 0 ,0 0 0 ; T enn essee, 1 0 5 ,0 0 0 .
F o r the a rea rem a in in g u n d er c u ltiv a tio n th e a v era g e co n d itio n is
76 2, as o om p a red w ith 86-5 o n M ay 1. 1 8 9 8 , a n d 85-9, the m ean o f
th e a v e ra g es o f th e la st ten years. T he c u d i t l o n In th e p rin cip a l
States, a fte r re d u cin g th e a orea g e as in d ica te d . Is as fo llo w s ; P en n ­
sy lv a n ia , 86; M a ry la n d , 83; V irgin ia , 7 ; T e x a s, 6 7 ; T e u n e e s.e , 7 8 ;
K e n tu ck y , 7 6 ; O h io, 82: M iohlgan, 6 0 ; In d ia n a . " 8 ; Illin ois, 51; M is­
sou ri, 65; K a n sa s, 6 4 ; C a lifo rn ia , 9 6 ; O k la h om a , 8.6.
T h e a v e ra g e c o n d itio n o f w in te r r y e Is 8 6 6, as oom p a red w ith 94-5
on M ay 1 ,1 8 9 8 , an d 9 0 '8 , the m ean o f th e M ay a v era g es fo r th e la st
te n y ea rs. A b o u t o n e -h A f o f th e en tire w in ter ry e c ro p is g ro w n in
N ew Y o rk a n d P en n sy lv a n ia , w h ere the co n d itio n s a re 9 6 a n d 8 7
re sp e ctiv e ly .
S p rin g p lo w in g Is u n u su a lly l a 'e In a lm ost e v e r y p a rt o f th e o o u n tr y .
T h e w o rk alrea d y d o n e is e stlm a teu at 57 2 p e r c e n t o f the to ta l c o n ­
tem p lated. T he p ro p o r tio n u s u a lly d o n e b y M ay 1 Is a b o u t 75 p e r
cen t o l the w h ole.
T h e a v era g e c o n d itio n o f m e a d o w s Is 8 4 9 , a g a in st 92-9 o n M ay 1 o f
la st y e a r and 93 4 on the c o rr e s p o n d in g d a te in 1897.
T he a v era g e co n d itio n o f sp rin g p a stu res Is 83 -5, a g a in st 9 1 '2 on
M ay 1 ,1 8 9 8 , an d 93-4 on th e c o rr e s p o n d in g d a te in 1897.

W e a t h e r .— In th e L a k e R e g io n an d in th e S ta tes o f th e O h io , C e n tra l
a n d U p p e r M ississip p i v a lle y s , th e C a ro lln a s a n d T e x a s , th e w e a th e r
c o n d itio n s o f th e w e e k e n d in g M ay 8, 18 99, h a v e b e e n g e n e r a lly
fa v o r a b le t o c ro p s . G e n e ra lly fa v o r a b le c o n d itio n s h a v e a lso c o n t in ­
ued in th e M id d le A tla n tio S ta te s a n d th e M issou ri V a lle y , b u t in p o r ­
tio n s o f th e first-n a m ed d is tr ic t it h a s b e e n t o o d ry , an d in the la t t e r
t o o o o o l f o r b e s t re su lts. In th e C e n tra l G u lf S ta tes the a b se u o e o f
ra in has in te n s ifie d th e d r o u g th y c o n d itio n s r e p o r te d in the p r e c e d ­
in g w e e k a n d c ro p s a re b e g in n in g t o suffer. D r o u g h t a ls o p re v a ils in
F lo rid a , C en tral an d S o u th e rn C o lo r a d o , A r iz o n a a n d N ew M e x ico ,
a n d rain s w o u ld p r o v e b e n e fic ia l in N e w E n g la n d , w h ile e x c e s s iv e
r a in s h a v e in te r ru p te d fa rm w o r k in O k la h om a , N o rth D a k o t a and
M in n esota . I n th e R o c k y M o u n ta in a n d P a c ific C o a s t r e g io n s th e
w e e k h a s b e e n m u ch t o o c o o l, a s e v e r e “ n o r t h e r ” o n th e 2 d a n d 3d
e a u sin g h e a v y lo ss o f c a lv e s a n d lam b3 in M on ra n a .
F ro s ts in th e
R o c k y M o u n ta in r e g io n w e r e d e s tr u ctiv e t o fr u it, a n d w h ile lig h t to
h e a v y fr o s t s o c cu r re d in N e w E n g la n d a n d p o rt io n s o f th e M id d le
A tla n t ic S ta tes a n d C a lifo r n ia , th e d a m a g e w as n o t seriou s.
C o r n .—E x c e lle n t p ro g r e s s h a s b e e n m a d e w ith c o r n p la n tin g in the
M id d le A tla n t ic S tates a n d g e n e ra lly in th e c e n t r a l valleys. S o m e
c o r n h a s b e e n p la n te d a s fa r n o rth a s N e w Y o r k . M ich ig a n a n d S o u th
D a k o ta . H e a v y ra in s h a v e in te r ru p te d p la n tin g in M isso u ri a n d
w a s h e d o u t a c o n s id e r a b le p o r t io n o f th e c r o p in O k la h o m a . E a r ly
c o r n is b e in g c u lt iv a te d a s fa r n o r th as N o rth C a ro lin a , T e n n e sse e a n d
th e s o u th e rn p o r t io n s o f M isso u ri an d K a n sa s. In th e E ast G u lf
S ta tes c o rn is g e n e r a lly in n e e d o f ra in , b u t in T e x a s th e c r o p Is w e ll
c u lt iv a te d , g r o w in g r a p id ly a n d the e a r ly p la n t e d ta sse lin g.
W i n t e r W h e a t .— G e n e ra lly th e c o n d itio n o f w in t e r w h e a t c o n t in ­
ues t o Im p ro v e . I t is jo i n t i n g in I llin o is , I n d ia n a a n d O h io, h e a d in g
in T e n n e sse e a n d N o rth C a ro lin a , a n d fu rth e r sou th , and in C a lifo rn ia
is b e g in n in g t o rip e n , w ith p r o s p e c ts f o r a h e a v y y ie ld in th e la stn a m e d S ta te. In O re g o n w in te r w h e a t c o n t in u e s in g o o d c o n d itio n ,
a n d th e c r o p is im p r o v in g s lo w ly in W a sh in g to n .
S p r i n g W h e a t .— S p rin g -w h e a t s e e d in g has b e e n d e la y e d in O re g o n ,
a n d m u ch rem a in s to b e se e d e d in th e L o w e r R e d R iv e r V a lle y In
b o t h N o rth D a k o t a a n d M in n es ita. O v e r th e s o u th e rn a n d ce n tra l
p o rt io n s o f th e s p rin g -w h e a t r e g io n th e c r o p Is c o m in g u p to g o o d
sta n d s a n d g r o w in g w e ll.
O a t s .— T h e se e d in g o f o a ts in th e m o re n o r th e r ly s e c tio n s is a b o u t
fin ished. T h e c r o p is m a k in g g o o d g r o w th a n d is in g e n e r a lly p r o m ­
is in g c o n d itio n in th e c e n tra l v a lle y * . In th e C e n tra l a n d W e st G u lf
S ta tes a n d in S outh C a r o lin a o a ts a re su ffe rin g fo r ra in .
H a r v e s t in g
w ill s o o n b e g in in G e o rg ia .

The movement o f breadstuffs to market as indicated in the
statements below is prepared by us from the figures col­
lected by tne New York Produoe Exohange. The reoeipts at
Western lake and river ports for the week ending May 6, and
since Aug. 1. for each of the last three vears. have been:
Receipts at—
Chicago........
M ilwaukee.

Toledo..........
D etroit........
C leveland...
St. Louis .. ..
P eoria.........
Kansas City.
Tot.wk.’99.
Same wk.’98.
Same wk.’ 97.
Since Auq. 1.
1898-99.........
1897-98..........
1896-97.........

Flour.

Wheat.

Oats.

Com.

Barley.

ye.

Bbls.190 lbs Bush.QOlbs Bush.bOVbs Bush.32lbs BushASlbs Bu. 50 17>fl
68,602
317,389 1,457,108 2,436,239
80,000
32,000
68,200
162,000
04,600
232,000
96,750
23,800
91,725
85,832
16,828
2,030
2,425 1,214,300
43.890
124,120
21,050
161,027
211,668
70.000
28,000
22,000
09,826
85,987
5,800
26,087
4,248
18.675
42,771
116,281
109,994
239,435
70.195
19,200
272,400
1,500
700
6,250
204,650
4,800
237.200
20,250
2,400
186,000
240,000
121.000
277,402
836.839
263,050

2,304,690
4,634,102
2,200,105

2,079,337
6,489,441
2,201,171

3,009,040
4,331,323
2,827,300

237,348
450,723
364,128

101,611
303,021
108,260

11,568,638 234,470,701 170,894.639 184,150,967 33,541,052 9,478,781
9,019.082 194,859,337 191,481,46* 149,890,707 33,020,125 9,723,174
9.006.863 140.848,504 124,966,922 135,491,773 35,187,750 0.881,283

The reoeipts of flour and grain at the seaboard ports for the
week ended May 6, 1899, follow :
H our,
Wheat,
Receipts at—
bbls.
bush.
Sew York.................. 93,994
207,200
Boston......................
24,448
860,249
Montreal..................
2J0 0
811,399
Philadelphia...........
46,769
2,929
Baltimore................
64,931
144,451
Richmond................
3,061
20,952
New Orleans*........ . 10,162
66,600
Newport News........
21,196
............
Norfolk.......................................................
Galveston................................
108,000
Portland. Me...........
11,464
40,964
Pensacola................. . ..........
84,100

Corn,
bush.
7*8,175
788,150
£94,996
199,186
737,480
19,212
8,699
359,994
187,143
8,000
1C2.624
42,867

Oats,
B arltx,
bush.
bush.
964,000
6,600
185,848 ...........
100,165
12,000
58,143
5,600
329,694 ............
9,382 ...........
34,800 ............
..............................
....
____...
11,000
...........
38,166 ...........
...............................

Rv.

61,167

' 11.60S

Total week........ 278,676 1,836,834 3,766,415 1,536,588
24,200
214,110
»Veek 1898................ 34L640 8,196,618 6,643.365 2,001,186 285,317 925,609
•Ouoelpta do n ot inolude grain passing throcmn New Orleans fo r foreign
ports on through bills o f lading.

THE CHRONICLE

M ay 13, 1899 ]

837

Total receipts at ports from Jan. 1 to May 6 compare as dress goods are firm, with moderate sales. Fancies dull.
Flannels and blankets quiet but firm.
follows for four years:
1S97.
1806.
189S.
1$99.
D omestic Cotton C oops.—The exports of cotton goods
■'c e ip ts o f —
4,152,830
5,400,802
6.838.203
.bbla 7,342,154
from this port for the week ending May 8 were 3,898
6.672,665
8.683,193
81.334,539
nosh, sa,391,019
packages, valned at #166,802, their destination being to the
37,727,317
78,016,454
70.816,179
57,578.070
18.C01.516 points specified in the tables below :
20,560.189
35,486,836
**
21,361,401
Oats. , . .
Barlej..
B y e .,...

••
••
-

Total grain.

1,242,440
2,573,035

2,471,982
5.841,403

3,947,941
2,133,206

2.654,880
520,601

no.us.906

155,480,680

113,342.082

53,576,960

The exports from the several seaboard ports for the week
ending May 6, 1899. are shown in the annexed statement :
Bye,
Oats,
Peas, Barle%*
flo u r .
C o rn
W h ea t,
bush.
bush.
bush.
bblt.
bush.
B s p o rts f r o m — bush.
542
1 0 ,2 11
87,982 0*0,330 118,808
N«w York..... S67.191 55X.245
M 2,717
102.624
891,083
774,410
46,114
137J 43
350.904
386,708
0,409
42.867

29,915
0,464
87,4=6
110.431
1,538

Total week*.l,672>50 3.343.S03

360.106

Bo#ton............ 286.7C8
Portland, Me.
MOM
Philadelphia.. 65,165

Baltimore.....

New Orlewi..

16.C00

40.006

Hem/rt New* ... ...

Moscreal........ 63,816
Galveston . . . . 040.000
Pensacola —
84,100

03,457
33.156
15.COO
1.785

11,603

31,086

"8,571

........

21,106
2.064
7.130

110.487
316
...........
888.667

16.922

132,072

61,110

543

06,509 198,414
154.786 2.466,215 441.390
The destination of these erporta for the week and since
September 1, 1898, is as below.
S am e tim e *08.2.283,006 6^06340

NSW Y o b s

to

M a t 8.

G re a t B r it a in ................... , ......
O th e r E u r o p e a n ................. ..
C h in a ............................................
I n d i a ............................................
A r a b ia ..........................................
A f r i c a ..........................................
W e st I n d ie s ............. ..................
M e x ic o .......................... ............
C e n tra l A m e r ic a ....................
S o u th A m e r ic a ........................
O th e r C o u n tr ie s .....................

18 9 9 .

18 8 8 .

Week. Since J a n . 1.

Week. Since J a n . 1

25
79

_
1,8 46
47
431
128
27 7
876
189

887
430
8 9 ,4 9 9
1,3 18
2 0 ,3 6 9
5,6 2 8
1 0 ,781
1 ,7 8 7
3 ,4 2 4
1 9 ,2 3 7
3 ,6 5 2

109
4
104
55
75 0
S
75
97
21 8
650
64

1 ,4 3 2
46 7
5 2 ,3 3 8
6,0 7 1
1 5 ,0 8 2
6 ,1 5 0
5,2 11
1,64 9
2 ,5 1 3
1 6 .8 7 5
2.6 1 6

T o t a l .....................................
C h in a, v ia V a n o o n v e r " ___

3 .8 9 8

15 7 ,0 1 2
6,7 4 2

2 ,1 3 4

1 1 0 ,4 0 4
1,7 00

T o t a l.....................................

3 .8 9 8

1 6 3 ,7 5 4

2 ,1 3 4

1 1 2 ,1 0 4

• From New England mill oomta direct.

The value o f the New York exports for the year to date
has been *5,490,047 in 1899, against *3,873,018 in 1898.
U 1898.
May 8. L 1898.
All leading makes of heavy brown sheetings and drills are
bU Sh.
bU Sh.
obis.
b bU .
889.765 54.397.069 1.990,60* 65,783A ll in a strong position. The market is practically bare of sup­
United Kingdom 202.704 8.323.60*
778,914
43,526^883
1,3*3,458 61,01* 849 plies and well sold ahead. Eastern makes generally ad­
Continent...........
89,688 2,129.783
8,192
70.937
............
183,390
8 . A C . America.
19413
8 60 314
608.431 vanced J-£ to J4 c. per yard; Southern tending upwards. Gray
Ii H
Weet India*.......
12.30*
909.349
1.604 210.604 goods in tine yarn makes also strong and l-16c. dearer. Ducks
Br. N. Am, Colo’* 10^25
1 S4 .7 4 B
u n 1,103,069
3.900
635,165
Other coon trie#.. 33.071
332.335
quiet but firm. Brown osnaburgs in moderate request at
Total
.
360,105 12,738, 030 1,672.369 98,957,497 3 A 1 » » 3 138.818.291 previous priaes.
A renewed upward movement is noticeable
T otal 1898.......... 164,780 10.410, 723 *,©*AOOS 8»v904.9l8 6,806.240 135.0** .908
in bleached cottons, “ Fruitof the Loom” 4-4s and a number of
The visible supply of grain, comprising the stocks in other makes being advanced ‘qc. per yard. Low-grade
granary at the principal i jints of accumulation at lake and bleached occasionally i{c . higher. W ide sheetings are firm
seaboard porta. May 8, 18 9, was as follows;
but quiet. Cottoa flannels aud blankets unchanged. Denims
C o rn .
Oats,
B y e,
B a rls y .
WMt>.
in moderate request; prices firmly maintained. Ticks firm,
busk.
bush.
^^sn.
busk.
i n t ie r s at —
busk.
442,000
227,000
41.000
10 0 (
New York................... 364,000
with moderate sales, and other coarse colored cottons well
Do
afloat.................... « . . .
held in face of quiet general demand. Quilts are heavily
2 0 ,0 0 0
30.000
Albany ....................
.. .. ..
3.000
se«.ooO
15,0(0 sold ahead. Kid-finished cambrics firmer. Fancy and staple
*40.000
Buffalo................. . . . . .
5,000
Do
afloat...................... .
801.000
10.124.000
144,00V
Chicago...................... 4.931.000
745AOQ prints In steady re-order demand, with very firm tone. Some
Do
a flo a t ......
.......
good orders taken iu new fail fancy prints “ at valne.” Ging­
iboo
6 6 .0 0 C
ICliwaakee.............
26,000
hams of all descriptions are scarce; demand quiet; prices
Do
afloat......... *
. . ..
2,083,000
6A7B.OOO
260.000
177.000 very firm. Since Saturday a moderate business has been
Dniath ....................... 9,835.000
Do
afloat..........
done in regular print cloths at 2i£o. Wide odds have sold
2 0 1 ,0 0 0
163,000
2 .0 0 0
T oledo
........
200,000
......
Do
afloat........ .
fairly and are l-16c. higher on the week.
*84.000
5.0(0
2000
‘ * .0 0 1
Detroit........................
109,000
Do
afloat........................
F oreign D ry Goods. —Fall orders for woolen and worsted
O tw eg o..........
. . . ...
44.000
80.000
4,000 dress goods moderate only, but sellers generally firm. Silks
8t L o a n .....................
365.000
Do
a flo a t ..,...,
quiet; previous prices well maintained. Men's- wear woolens
2 0 ,0 0 0
13.000
»,OOC
Cincinnati.. . . . . . . . . . . .
.. . . . .
and worsteds inactive. Ribbons and laces steady. Linens
602,000
7.000
Boston. ........« . * .......
63,000
15.000
1 0 .0 0 0
Toronto ...................
1-4.000
485.000
14.000 qniet. Burlaps firm.
Montreal.....................
101.000
0 ,0 0 0
5.009
26,000
79.000
P h ila d elp h ia ............
31,000
Im portation* and W arehouse W ithdraw als o f Dry G ood s
2 2 0 .0 0 0
2 1 1 ,0 0 0
1 ,0 6 b
2 LOO<
P e o r ia ..............
7,000
The importations and warehouse withdrawals of dry goods
lao.ooo
30.000
(ndianapoit*..............
£0.000
155.000
7.000
i«,oou
Kama* City........
884,000
at this port for the week ending May 11,1899, ana since
550,000
337,000
Baltimore— . ..........
438.006
171,000
Minneapolis
. . . . . . 8U*29,00Q
J.273,000
1,166.000
27,000
51,0(4 January 1, 1899, aud for the corresponding periods of last
On Mississippi River.
... .. ..
year are aa follows:
2,792.00-^
l, 186,000
282.000
On Lakes..................... 1,713.000
476,000
m .coo
17,000
4U.OCK
On canal and r iv e r ...
66,000
£
£\
k
s
>
4 "to g 3 ig | |
5.2 M a g * !* ,
2 2 066,000
o
119*5!
T,050,000
066,000
1.604,0 6
T otal Mar *.
.*7,166,000
1,107,000
26.8^1,000
0,577,000
Total Apr. 2* 1899 **,U*,C00
1.073,01 0
©
Iv
SF §§5
"E I S F g lE
9,534,000
24.093,090
1,186,000
Total May 7. im $ 'it.6** <x*
016,0 C E *E I s •
i
n
|
8,163,000
§ ’
16.06 l.OOO 10.803,000
"8
Total May 8.1897 31862,000
1.580.0 0
r*
10.337,900
Total May 9,1896 54.0t0.000
7353.000
1,665.000
LI 1 2 , 0 0
ea
• P\
©: o;
!
3
* *
939«t
8
3
T H E DRY GOODS T R A D E .
•©
a:
3|
bS
TI
*7
N rw T ore . F rid a y , P. M., May 13, 1899.
—pOn Saturday last. Fall River manufacturers, through to toto
'“9
© ►0» -1
their committee, sold 1,310,000 pieces o f print cloths to a ■d I —©
—>
A y
«yco
y
t
o to*-* © : toM
©ycoto© "2 §!«
©
—
*-»©«©
©D !I to
®o
©o
syndicate of printer# on the fall price basis of 2^ c , for Q
— - lOikOK
©totoyoo
© •4m cc®— — ©
H
regulars; value involved about *1,750,000. The sellers guar­
—
I—
© ——® to
antee not to sell further cloths at less than 2^ c . before
—
—y
—“»J©
to © ^©■Toy®
to
©to»«S
yy
October 1. This is the largest single transaction iu the his­
y ©y
to —to© to
ot
;
©—"©Vox
to ©to * to
to t
tory of Fall River, and i's importance as a market factor is
— y ©to® y t ©^
iM W O h (
i
y
l
e
k ©
—
t
o
W
O
C
to
—©
Gtv->©
y
©a
enhanced by ihe “ guarantee," which is a unique feature in the
print cloth business. Up to Saturday stocks o f print cloths
to
to
t
o
*
o
©
o
xj
S
y to to —
y
-4! s —! t
had been gradually accumulating, and there were appre­ ©1
A rf*to»©y
y 21 ©
4
GC'JM-IM ®
- 0« yytotow
hensions o f the Fall River price breaking, There is a cer­
y to b y ©
toO toocD
$
boy
boo®
®©©w®
8 52? coo jd1© to
g
tainty now that nothing o f that kind will occur this side of ©
© ©to to to®
—■ ©y -vJ®to©-X 2
*
I s o I wt-c» —©
October. The effect upon the general market has been
CO
t
o
*
so
t>o■ w
beneficial, although not pronouncedly so, it being seen more
© A.#^to©to
SO — —Kl—
»-*
'o’* tc vtaso
© ©tot-toy
t—o §2 V
of©wo—
in the undertone than in actual developmenta. The latter
» ©©*. ©©to £ ®
© —to**M
9
0
t
e
X
t
o
t
o
©
to
©
—
)
*
*
•
to
to
to©
t
o
Q
©
>
C
M
osopfhave, however, again been in favor o f sellers, such price
£
© ©©M© A
to ©Ci © — a
—
©
changes as are noted being all in an npwaid direction. The
2 2 w®*©©
•=■Vto to ©
—oto®
y<l
6
to
©to
to
#
J
e
©2
O O to Q M J Q
©
c
o
©
t
—
t
o
day-to-day demand has proved o f fair volume, but business
— ©© to
in cotton goods is restricted by the scarcity o f ready sup­ to © t o ©
*•*
a
© to
©to to to I
to® —
©y
tot
—o—
to*■ to —
©
plies in moat leading makes. In the woolen goods division CD to*.
toto ® © y © ®
w -jy
© C®©to©
-7-ga •a
to© ©w©y
to to o©
of the market and in silks the week has not produced any to XV — ceto© *.
1—*
)-*
new feature of importance.
Wtfc
to © to
©M y w©y —
© ——w to
•
WixH.KN (loop s.—The demand for men's-wear wooten e © to © O t o x w ©
to© CDtoto *0 ® ® to© to to ®w©X
and worsted# has been irregularly distributed this week. A © CDQD <* ©W05C5
©
t
o
ioAroto’o
§ Oo^,
to
o ©-'two ©© O© 'J© © to©dt
wo'tOOC©Di-* bo
o
r»
considerable volume of business has come forward for staple t
©
SS OOCD-I
© SnCD'D*. J*
worsteds of the clay and serge order. Stocks of these are re­
to*-* i—
to —
t
o
duced to limited compass; the tone of the market for them
-4 ©
-i
o
w -1V © ►
*» to a ©»
to©y toto A- *
©I US
<ito t
to®toy
to to
is very firm, and further advances in prices are considered h>
©*y © « © 9 » M
©
Vto©"—©
©
©o
H3WD®
1
o
o
©
©
—toCSto
a
m
t
o
©
®
probable in the near fulure, For wool cheviots and casai- to © * o odt o y co
©
to gg © y *4**®
® •uy to © go
meres in medium grades there has been a moderate call
o
#■* t
t
o w—
to
o
without material change in prices, but for low qualities the ©
Mto — —— —
—— —
to
— ®w
toy
t
o c
market is dull and tends in favor of buyers. Satinets and to ® y © to’Tj'VjCD
cd® wy ©
©
to ©©
©© a-to© i?
av to © t o © © © ©
A
©
—
x
©
t
o
t
o
cotton-warp goods also dull and irregular. The overcoating © toto © © JKICD
©#e©©©
to tototo©^ c ©
3©
s-* t
©— y
©
o*-©to
ito
ot
oto©to s
©y b
division shows no new feature. Kerseys firm. Cloakings O
®a*
w^©to
C
to ©toO— tyo*y-©© yt o©»
—D y»o
y© —
to®—
to©
y y
tot
o to
are dnll and featureless. Plain styles of woolen and worsted to y to © c o y tooo
■Wheat,-------- *

JSsports f o r
toesk a n d tin e s
S r p t.lto —

TV ts k S in e s S ept,
May 6 ,
1 , 189b,

Week Sines Sept.

-C o r n .S in e s S ept
W eek
M ay 6 .
bush.
bush.

8!

THE CHRONICLE.

938

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News Items.
Alabama.—Constitutional Convention Bill Repealed. The
State Legislature has repealed the bill passed at the regular
session providing for a Constitutional convention. The vote
for repeal was as follows : House, 58 for to 3o against, and in
the Senate 18 to 13. The Governor, in a recent message, urges
the adoption for the submission to the people of a Constitu­
tional amendment to eliminate the votes of the illiterate.
Connecticut.—A Savings Bank Law Amendment Defeated.
—On Mav 9, 1899, the Senate accepted the adverse report ot
the committee on House Bill No. 344 and the bill was defentei. This bill permitted the savings banks of the State to
invest in the bonds of the city of Duluth. It was stated in
the Senate that $550,000 of the bonds of this city were held
in Connecticut, but as the city’s debt had increased largely,
the bonds could not now be legally bought by savings banks.
This bill must not be confounded with the Savings Bank
Law. which greatly increases the investments for savings
banks and which was given in the C h r o n i c l e A pril-!!, 1899,
p. 803. This latter bill passed the Senate Thursday last with
an unimportant amendment.
,
St. Augustine, Fla.—Bond Litigation.—Suit has been in­
stituted by W. C. Middleton and others against the city of
St Augustine, asking for an injunction to restrain the city
from issuing the $30,000 electric-light plant bonds voted last
Santa Cruz, Cal.—Bond Litigation.—A suit is pending in
the United States Circuit Court concerning the validity ol
450 5f bonds, in denomination of $500, issued Jan. 16, 1889.
W e are advised that “ the city of Santa Cruz haB been dis­
posed to pay these bonds and has been paying the maturing
principal and interest thereon, notwithstanding their sup­
posed invalidity, because the city received value for the
bonds and is not desirous of repudiating them. The contest
has been forced upon the officers of the city by the deter­
mined opposition to their payment by a comparatively small
but influential body o f citizens.”
Sp ikane, Wash.—Charier Amendments Canned.—A t the
election held May 3, 1899, the proposed amendments to the
city charter were favorably voted upon. The only amend­
ment of particular interest to investors was that to Section
No. 161 and was given in the C h r o n i c l e April 33, 1899.
Wisconsin.—Legislature Adjourns.—The State Legislature
adjourned on May 4, 1899.

IV ol .

Lxvm.

Au (Ires (M ich.) School D istrict.—Bonds Voted.—This
district has voted to issue $2,000 school bonds.
Baker City, Ore.—Bond Election.—An election will be
held May 15, 1899, to vote on the question of issuing $60,000
gravity water system bonds and $20,000 bonds to improve
the present system.
Bedforu City, Va.—Bond Sale.— We are advised by Mayor
J. L. Campbell, under date of May 8, that the city has sold
$60,000 5% 10-30-year (optional) refunding bonds at par. Mr.
Campbell says: “ There was no advertisement of these bonds,
but they were sold upon an offer from the National Exchange
and First National banks of Lynchburg, Va. The sale was
made about ten days ago.”
Belgrade, Stearns Connty, M inn.—Bond Offering.—P ro ­
posals will be received until 8 p . m. June 3, 1899, by this vil­
lage for $6,000 Sf water and light bonds which were voted on
May 5, 1899. Bonds will be dated July 1, 1899. Place for
payment of interest will be optional with purchaser. Prin­
cipal will mature July 1, 1909.
B elleville (111.) School District.—Description o f Bonds.—
The refunding bonds voted on April 15, 1899, will probably
not be issued until next September or October. They will
bear i f interest, payable semi-annually at Belleville. Prin­
cipal will mature November 1, 1919.
Bellevue (O hio) School D istrict.—Bond Proposition Not
Voted Upon.—We are advised that the proposition to issue
$40,000 school-building bonds was not voted upon at the
spring election, as originally intended. There is no certainty
when the question will be submitted.
B eltram i county (P . 0. Bem idji), Minn.—Bonds Offer­
ing.—The Board of County Commissioners has authorized
the issuance of $20,000 5f 20-year bonds to take up out­
standing orders of the county. These bonds are dated June
30, 1899, and proposals for the same will be received uniil
May 28 (Sunday), 1899 (so in the advertisement), by J. H.
Haner, County Auditor.
Benton Township, Spink Connty, S. Dak.—Bonds
Valid.—The Minneapolis “ Tribune” on May 5, 1899, con­
tained the following dispatch from Redfield, S. Dak.:
A n important decision has been rendered by the State Supreme "Court
in regard to the bonds o f Benton 'J ownship o f Spink County which is o f great
import to the artesian-well industry o f the James River Valley. T he bonds
were held to be valid. The case grew out o f the proposed issue o f bonds by
Benton Township fo r the purpose o f sinking artesian wells, and interest in the
case was general because other townships have been awaiting the determina­
tion ot the case before taking measures for the issuance o f bonds fo r the same
purpose.

B iloxi, Miss.—Bonds Authorized—I h e City Council has
authorized the issuance of $25,000 o f 20-year street-paving
and $15,u00 5f 20-year bridge bonds.
Birmingham, Ala.—Bids Not Opened.—A t the meeting of
Board of Aldermen held May 3, 1899, the bids received
Bond Proposals and Negotiations this the
for the $25,000 6% 10-year improvement bonds (advertised for
w eek have been as follow s :
sale on that day) were not opened. The bids will probably
Akron (Ohio) School D istrict.—Bond Offering.—Proposals be considered at a special meeting of the Board to be called
.
will be received until 10 A.M. May 20, 1899, by F. W . Shirer, shortly.
Bridgeport, Conn.—Bond Bill Passes Legislature.—The
Clerk Board of Education, for $5,000 i f refunding bonds.
Securities are in denomination o f $500, dated May 22, 1899. Legislature has authorized the issuance of $300,000 bonds for
Interest will be payable semi-annually, and the principal new city buildings.
Buffalo, N. Y.—Bond Issue.—The Comptroller has been
will mature May 22,1904.
Allegheny, Pa —Bond Election Ordinance Voted Down.— authorized to issue $3,691 91 '3f bonds to meet expenses of
The Finance Committee of the City Councils has voted the Board of Public Works. Bonds bear date May 1, 1899.
against the ordinance recently introduced in the City Coun­ Interest will be payable semi-annually and principal will
cil providing for an election to decide the question of issuing mature May 1, 1900. The Park Bond Redemption Sinking
$500,000 bonds for a filtration plant.
Fund takes the bonds as an investment.
B urlington Junction School D istrict No. 1, Nodaway
Allen Connty (P . O. Scottsville), Ky.—Bond Election.—
A t the November election (Nov. 7, 1899,) the question of County, Mo.—Bonds Noted.—At the election held May 2,
issuing $175,000 i f 1-20-year refunding bonds will be voted 1899, $6,000 i f school bonds were authorized. Securities will
upon. This question was to have been voted upon on May be in denomination of $100 and will mature $500 yearly from
2, 1899, but the Court of Appeals of Kentucky having de­ 1901 to 1906, inclusive, and $600 yearly from 1907 to 1911,
cided that an election held for this purpose on any day other inclusive. Interest will be payable annually. Date of sale
than at the November election was unconstitutional, the has not been determined.
order for the election May 2 was revoked.
Camden County, N. 3 .—Bonds Authorized.—The County
Antelope School D istrict No. 50, Wasco County, Ore.— Board of Freeholders has passed a resolution providing for
Bonds to oe Issued.— We are advised that this district will the issuance of $40,000 i f bonds for building au addition to
soon ask proposals for $3,000 bonds.
the County Asylum.
Arkansas City, Kan.—Bond Issue.—This city will issue
Carnegie (P a .) School District.—Bond Sale.—The Dollar
about the last of the present month $95,000 bonds for the Savings Bank of Pittsburg has been awarded $40,000 i f school
purchase of the local water works plant. Of this amount bonds at l l l -60.
$20,000 have already been subscribed for by citizens, and
Central City, Neb.— Description o f Bonds.—The refund­
Mayor Hess is endeavoring to have the entire amount so ing bonds which this city proposes to issue will amount to
taken.
$25,000, bearing i f interest. They will be in denomination
Ashland, Ohio.—Bonds Authorized.—The Village Council of $500, and will mature 20 years trom date o f issue, $10,000
has authorized the issuance of $2,000 6% Fire Department being subject to call after 5 years and $15,000 after 10 years.
bonds. Securities are in denomination of $250, dated June Any taxpayer who may so desire may file objections to these
1, 1899. Principal will mature one bond yearly on June 1 bonds with the City Clerk before May 22,1899.
from 1903 to 1910, inclusive. E. B. Westover is the Village
Charlotte, N. Y.—Bond Offering.—Proposals will be re­
Clerk.
ceived until 7:30 p . m . May 17, 1899, by the Board o f Village
Athens, tta.—Lond Sale.—On May 5, 1899, the $100,000 i f Trustees for $6,000 5-16-year incandescent-light bonds. Se­
old street improvement bonds were awarded to Rudolph curities were voted on May 2, 1899. They are in denomina­
deybolte & Co., Cincinnati, at 103-60. Following are the tion of $500. Interest (to be named by bidders) will not ex­
bids:
ceed of.
W. J. Hayes & Sons, Cleve..$105,170 75 Edvr. C. Jones A Co., N Y . ..$103,000 00
Chicago, 111.—Bonds Authorized.—An ordinance has been
B. Kloybolte A Co., C incin.. 103,600 00 Denison Prior & Co., Cleve. 102,250 00
H. A. Kean, Chicago............. 103,500 00 J.Y.Carithers & Co., Athens. 100.000 0f> passed authorizing the issuance of $618,000 bonds, to refund
Frank E. Calloway. Atlanta. 103.150 00 B. Phinizy, Athens................ 100,000 00 those maturing July 1, 11:99.
Cincinnati, Ohio.—Bond Sale.—The Sinking Fund Trustees
'James White, Athens, bid par for the bonds, with privi­
lege to the city of delivering one-half July 1, 1899, and one- have taken the $35,000 3% f Grove Avenue improvement
half Jan. 1, 1900. W. J. Hayes & Sons, Cleveland, failed to bond authorized by the Board of City Affairs on April 25,
deposit guarantee check, and hence bonds were awarded to 1899. This bond will be dated Dec. 1, 1897, and will mature
the second bidder.
Dec. 1, 1917, subject to call after Dec. 1, 1907.
Clay County, in d .—Bond Offering.—This county will sell
Bonds mature $3,000 yearly on July 1 from 1900 to 1928,
inclusive, and $18,000 July 1, 1929. For further description on May 18, 1»99, $16,200 6£ bonds for the construction of
Laferty
ditch in Harrison Township, Securities are in deof bonds see Chronicle April 22,1899, p. 786.

f

May 13 t8»9,J

THE CHRONICLE.

nomination o f $810. Interest will oe payable semi-annually,
and the principal will mature two bonds yearly beginning
June 1, 1901.
College H ill, Ohio.—Bond Sale.—On May 1, 1899, the
$40 COO of water-worts bonds were awarded to German Na­
tional Bank, Cincinnati, at 124-77. Bonds mature May 1,
1929. For description of bonds, see Chronicle April 1, 1899,
o. 635.
' Conneantrille, Pa.—Bonds Not Yet Issued.—Tie are ad­
vised t hat nothing has as yet been done towards the issuance of
the $10,500 water-wOTks bonds voted last November and that
nothing will likely be done in the matter in the near fnture.
Crane Township, Wyandot County. O hio.—Bond Offer­
ing. —Proposals w i l be received until 12 u. June 6, 1899, by
W . E. Bowsber, Clerk of Township, for $10,000 04 road-im­
provement bonds. Securities are in denomination of $500,
dated April 1, 1899. Interest will he parable semi-annually
at the Ninth National Bank, New York City. Principal will
mature $5,000 April 1, 19C9, and $5,000 April 1, 1910. A cer­
tified check for $810 on some bank doing business in W yan­
dot County must accompany proposals. Bids will beopened
at 1 p . m. June 6.
Cranston, E. 1.—Bonds Proposed.—A. bill now in the State
Legislature provides for the issuance o f $50,000 3}£4 gold
school-house and bridge bonds.
Danvers, Jlam.—Bond Sale.—School bonds to the amount
o f $12,500 were sold last March. To “ perfect this issue” a
meeting was recently held and whatever action was neces­
sary was taken by the citizens of this place.
Decatur County (P . 0. Leon), Iow a.—Bond Election.—At
the election to be held in November next the question of
issuing $12,000 court-house bonds will be submitted to the
people.
Defiance, Ohio.—Bonds Voted. —A t the recent election this
city voted in favor of issuing $25,000 44 electric-light-plant
bonds. Full details of this iasne have not yet been deter­
mined.
Den 1*on, Iowa.—Bonds Voted.—At an election held re­
cently this district voted to issue #15,300 high-school build­
ing bonds.
Detroit, Mich.—Bonds Proposed.—The Common Council
has passed a resolution requesting the State Legislature to
pass an A ct to enable the city to issue #600,000 bridge bonds.
Dover. N. f l .—Loan Authorized.—The City Treasurer has
been authorized to negotiate a six months' loan of $18,000.
Dover (N. J .) School D istrict.—Bonds Defeated.—At an
election held recently the proposition to issue #80,000 schoolhouse bonds was voted down.
Eddy County, N. Dsk.—Bond Election.—An election will
be held In this connty to vote on theqneetioa of issuing $15,000 court-house bonds.
Edgewood. Pa.—Bond Election.—An election will be held
May 22, 1899, to vote on the qneetion of leaning $22,000
school-house bonds.
Elk Point, S, l)ak.—Bond Bale,—On April 28, 1899, the
#18,000 i % f water bonds which were voted on April 8 were
awarded to John Nnveen & Co., Chicago, at 100-5125. Kane
& C o., Minneapolis, offered a premium of $15. Other bids
received were not considered, as they dtd not comply with
the specifications. Securities are In denomination of $500;
interest will be payable semi-annually. Principal matures
fifteen years from date o f issue, subject to call after five years
Ely, Mian.—Bond Issue.—This city is negotiating a loan of
$7,000 tor building purposes from the State o f Minnesota.
Pall Elver Connty (P . 0. Hot Springs), S. Dak.—Bot.d
Offering.—Proposal* will be received until 12 vt. July 5,1899,
by William H. Stanley, Connty Auditor, for $16,000 6$ cou­
pon refunding bonds. Securities will be in denomination of
$1,000, dated July 1, 1899; interest will be payable annually
in New York City. Principal will mature July l, 1914.
Bonds are issuer) pursuant to the provisions o f Chapter 32.
Session Laws of 1891, approved March 9, 1691. Tbe official
circular states that tne county has always paid its interest
promptly.
Fall E lver, Mass.—Bond Sale.—On May 10, 1899, the $50,000 i t water loan and $40,000 44 sewer loan were awarded to
N. W. Harris & Co., New York, at 117*1*5. Following are
the b id s:
v. w. turn* a c y -5 . t ......... uriss i asmmaco,, Bc*ion............. nsvs
W. HxitimoOirr * tV.BAM.rn..l t » « t
B lase B r o s .* C o . Borneo-.,.......US »*
P e r n .O r t a * * Barr. B o s to n .,..its -M
Dnnucomb A
X, Y.

i B, H. HpIUm * m m , Beaton... .lie-U?
1 Bartrnn A Storm, Mow T ort ,.,!l#-OS
i Blrwlgm, Merritt * C o - B«*C<jo.UB-03
|

The water bonds mature May 1, 1929, and the sewer
bonds May 15,1929. For farther description of issue see
Cffnoy icle May 6, 1899, p. 889.
Florida.—Bond Bill Passes House.—The House has passed
tbe bill providing for the refunding at maturity of the
$324,500 State bonds of 1871 and 1878, now held by individu­
als. The new bonds will bear 3W(4 interest, and will ma­
ture 30 years from date of issue. The old bonds mature in
1901 and 1903.
Floyd County, Va,—Bond Election.—'The election to vote
on the question of issuing $150,000 54 bonds as a subscription
to the capital stock of the Atlantic A Western Railroad will
be held May 25, 1899 These bonds will be in denominations
of $100, $200, $800, $500 and $1,000 and will mature 35 years
from date of issue, subject to call after three years. The
citizens of the county are to have the privilege of purchasing
the bonds or any number thereof from the railroad company
st par value for ten days after their delivery. As stated in
the Chboiviclk April 22, 1899, the resolution calling this

93 9

election provides that no bonds shall be issued until the rail­
road company shall have completed and have in operation at
least 30 miles of road within the limits of the county.
Fond du Lac, W ls.—Loan Authorized.—A loan of $15,000
has been authorized by the Common Council.
Franklin Township, Bergen Comity, N. J.—Bond Offer­
ing.—Proposals will be receiveduntil 2 f . m. May 15, 1899, by
Daniel Depew. Township Clerk, care of Ernest Koester,
Hackensack, N. J., for the $-5,000 H coupon road-improve­
ment bonds voted last December. Securities will be in
denomination o f $1,00’>, dated June 1. 1899; interest will be
payable semi-annually at the United Stales Mortgage A Trust
Company, New York City. Principal will mature part yearly
on June 1 as follows : $1,000 from 1900 to 1909, §2,000 from
1910 to 1928 and $27,000 in 1929. Proposals must be accom ­
panied by a certified check on a national bank for $250, pay­
able to Daniel Van Houten, Township Treasurer. The United
States Mortgage & Trust Company will oertify as to the
genuineness of the bonds.
Gallon (O hio) School D istrict.—Bond Sale.—On May 2,
1899, the $15,000 4 >14 school bonds were awarded to Seasongood & Mayer, Cincinnati, at 110-125. Bonds mature $5C0
on March 1 and September 1 from 1904 io 1918, inclusive.
F ir further description of bonds see Chronicle A p r il 22,
1899, p. 787.
Glen ilidge, N. J,—Bond Offering.—Proposals will be re­
ceived until 8 p . m . May 22,1899, by Nathan Russell, Borough
Clerk, for $37,000 4 per cent sewer bonds and $-10,000 5 p er
cent sewer bonds. Securities are issued to provide funds to
pay the township of Bloomfield for sewers or systems of sew­
erage and drainage constructed b y it within the limits o f the
borough of Glen Ridge. The $87,000 issue wiU be coupon
bonds o f $1,000 each, dated June 1, 1889. Interest will be
payable June 1 and December 1 at the Bank of Montclair,
Montclair. N. J. Principal will mature $2,000 yearly, be­
ginning June 1, 1909. The $40,000 issue will also he in
denomination of $1,000, dated June 1, 1899, Interest will be
payable June 1 and December 1 at the above bank. They
will be registered bonds and will mature June 1, 1914, sub­
ject to call after June 1, 1900. A certified check for 5* o f
tbe par value of bonds bid for, payable to the “ Clerk of tbe
borough o f Glen Ridge," mnst accompany proposals.
The official notice o f this bond offering tcill be fou n d among
the advertisements elsewhere in this Department.
Glenvrood
School D istrict.—Bond
Offering.—Proposals will be received until 8 P. M. May 15,
1899, by C. L. Peterson, Seer- tary o f tbe Board of Educa­
tion. for $15,000 4* 10-year bond*. Securities are in denom­
ination of $500. dated July 1, 1899. Interest will be payable
semi annually at the National Bank of St, Paul, The as­
sessed valuation of the district is #168,671; the real valuation
about $500,000. The population is estimated at 1,500. The
district has no other debt than above.
Gloucester, Mas*.—Bond Offering.—Proposals will he re­
ceived until 5 P. M. May 18, 1899, by the Committee on Fi­
nance, care of Edward Dolliver, City Treasurer, for $80,000
3}^4 notes or coupon school bonds. Securities are in denom­
ination of $1,500, dated June 1, 1899. Interest will be pay­
able semi-annually.
Greenburg School District No. 10, White Plains, N. Y.—
Bond Sale.—This district has awarded to Bertron A Storrs,
New York, $1.5,0(K> 11 year (average) bonds at 101 for 4 per
cent*. Other bidders present were Walter Stanton A Co., L.
W. Morrison, Price McCormick & Co., and Geo. M. Hahn o f
New York, and Isaac W . Sherrill o f Poughkeepsie.
Hartford, Conn,—Bond Bill Passes Legislature.—The Leg­
islature
passed the bill providing for the issuance of
$250,000 i f 80-vear refunding bonds, $300,000 i f 30-year fund­
ing bonds and $200,000 44 30-year paring bonds.
Hastings, Mich.—Loan Authorized.—The Finance Com­
mittee has been authorized to negotiate a loan of $1,000, to
mature January 10,1900.
Haverhill, Mass.—Bonds Authorized.—The Common Coun­
cil has authorized the issuance o f $50,000 street bonds.
Healdsbnrg, Cal.—Bonds Be awarded.—The #80.000 f>4
water-works bonds which were awarded last August to the
(Oakland Bank for Savings have been re-awarded to E. D,
Shepard & Co.. New York, the sale being subject to the
opinion of the firm's attorney as to the legality of the issue.
It was provided that the money to pay for the bonds mnst he
forthcoming on the first of May, but the firm’s attorney has
not reported yet. As told in tbe Chronicle o f April 22,
1899. p. 785, Judge Burnett of tbe Superior Court on April 3
handed down an opinion dissolving the injunction restraining
the city from issuing these bonds.
Hooghton, Mleh.—Bond Bill Passed by Bouse.—The House
has passed the bill providing for the issuance of $60,000
water-works and street^improvement bonds.
Huntsville, Ala.—Bond Offering.—Proposals will be re­
ceived until May 22, 1899, for $20,000 54 30-year water works
bonds. Securities will be in denomination of $500, dated
February 1, 1899. Interest will be payable semi annually at
the Mechanics’ National Bank, New York City. These are
the same bonds which were awarded to Briggs, Todd Se Co.,
Cincinnati, last February. City Clerk Shelby S. Fletcher
writes us that the Cincinnati firm raised several technical

(Minn.) Independent

940

THE CHRONICLE,

LVol . LXVIII.

objections and that therefore the City Council decided it was school bonds were awarded to D. B. Heard at 107-50. Fol­
lowing are the bids :
best to cancel the trade and re advertise the issue.
B. H eard................................ $7,525 00 I J. C. W asson....................................$7,31500
Indianapolis (In d .) School D istrict.—Bonds Authorized. D.
J.D . D ort...................................
7,60000
William Christy................ 7,30000
—At a meeting o f the Board o f School Commissioners held New lBt Nat. Bk.. Columbus... 7,6i'0 00 I Phoenix National Bank........... 7,140 00
Mauk Lewis........................
7,49000!
Sol L e w is .......................... 7,1<>500
April 25, 1899, the issuance of $500,000 funding bonds was E.
E Pasoo.................................. 7,35500 |Arthur D. Tnom pson.................... 7,ol7 50
authorized to take up indebtedness to that amount on July 1,
A bid of $7,260 was received from Duke M. Faraon, Chi­
1899.
Iron Mountain, M icb.—Bond Sale.—On May 2,1899, $15,- cago, too late to be considered.
Marquette, Mich.—Bond Election.—An election will be
000 0% school bonds were awarded to W. J. Hayes & Sons,
held June 5, 1899, to vote on the question o f issuing $5,000
Cleveland, at 108’98. Following are the bids :
bonds for the normal school.
W. J. Hayes 4 Sons. Cleveland.$18,347 |Mason, I.ewls & Co.. C h icaeo...*18,035
Marshall County, Ala.—Bids Rejected.—All bids were re­
Lamprecht Bros. Co.. Cleve...... lO.-itu Fareon, Leach & Co., Chic......... 15,4o0
jected on May 1, 1899, for $100,000 turnpike, bridge and
Denison, Prior 4 Co.,C leve........ 10.1431
ferry
bonds, according to reports.
It is stated that the amount of b onds issued was afterwards
Mattoon (III.) School D istrict No. 1.—Bond Sale—On
reduced to $13,500.
Jackson, Miss.—Bond Issue.—Sidewalk bonds to the May 1, 1899, the $28,000 4% 10-20-year (optional) school bonds
were awarded to the First National Bank, Cnicago, at 105.
amount of $20,000 will be issued by this city.
Jefferson County, Tenn. —Bond Election.—An election For description of bonds see C hronicle April 15, 1899, p. 737.
Milwaukee, Wis.— Temporary Loan.—A t a special meet­
will be held June 1, 1899, to vote on the question o f issuing
ing of the Council held April 29, 1899, the city officials were
$100,000 road bonds.
Jennings (M o.) School District.—Bonds A uthorized.- The authorized to borrow $450,000 from the school fund for gen­
eral city purposes. Of this amount $330,000 will be borrowed
issuance of $4,000 school bonds has been authorized.
Jersey City, N. 3.—Bonds Redeemed.—On May 10, 1899, for the purpose of retiring notes issued earlier in the year,
City Comptroller Jordan redeemed$411,009 4%% tax-arrearage and $120,000 for the payment of April salaries.
On May 9, 1899, another $100,000 was borrowed from local
bonds.
Knox County, Teun.—Change in Bond S ale—Feder, banks for the purpose of meeting general expenses.
Miuueapolis, M inn.—Certificate Offering.—Proposals will
Holzman & Co., Cincinnati, who were recently awarded
$50,000 of the $100,000 4% 10-20-year (optional) funding bonds be received until 2 p . m . May 22, 1899, by Chas. P. Preston,
at 105-187, have made a proposition to the County Court to Searetary of the Board of Court House and City Hall Com­
take
20-year bonds instead, at their par value. The missioners, for $175,000 4< certificates of indebtedness. Se­
County Court has accepted the proposition. See Chronicle curities are in denomination of $1,000, dated June 1, 1899.
Interest will be payable semi-annually at the city’s fiscal
April 29, 1899, for original sale.
La Grande School District No, 1, Union County, O r e .- agency in New York City. Principal will mature yearly on
Bond Sale.—On May 1, 1899, $17,000 school bonds were sold January 1, $50,000 from 1911 to 1903, inclusive, and $25,000
in 1904.
to Francis C. McMullen at 100-609.
Monroe County (P . 0. Sparta), W is.—Bond Offering.—
Labe County (P . O. Crown P oin t), Ind.—Bond Offering.—
On May 15, 1899, at 11 a . m., the following bonds will be Proposals will be received until 1 p. m. May 30, 1899, by J. A.
offered for sale by John W . Dyer, County Treasurer, at his Mosheu, County Treasurer, for $15,000 4% “ poor farm purchase
and building fund ” bonds. Securities are in denomination of
office in Crown P oin t:
$100, dated June 15, 1899. Interest will be payable annually
$167,500 Center and St. Johns townships (joint) 200 bonds—160 fo r $1,000 each’
Principal
40 for $187 50 each. Four $1,000 bonds and one $187 50 bond will fall due on March 1 at the office of the County Treasurer.
each six months, commencing Nov. 15.1899. Bonds are issued to raise money will mature $3,000 on March 1 o f the years 1904 and 1905 and
for constructing 40 miles o f road and were voted at the join t election held
March 14,1899, by a vote o f 805 for to 190 against. Assessed valuation, 1898, $9,000 March 1, 1906.
was $2,568,210.
Morgan County, Ala.—Bond Deal Declared Off.—A dis­
$U2,9O0 bonds o f Center Township—40 bonds o f $322 50 each, maturing one
bond each six months, commencing Nov. 15,1899. Securities are issued to patch in the Nashville “ American” dated May 2,1899, stated
raise money to construct 3*28 miles o f road. Tbe election, held March 14, that the Court of County Commissioners met in adjourned
1899. resulted in 423 votes for to 236 against this issue. Assessed valuation,
session on that day and declared the contract made by Den­
1898, $902,015.
The above bonds will all carry 4%% interest, payable semi­ ison, Prior & Co., Cleveland, for the purchase of the$265,000
annually at the office of the County Treasurer. Bonds are "&% road bonds vacated and covered the forfeit into the
issued under an Act of the General Assembly approved county’s treasury. This action was taken, it is stated, be­
March 3, 1893, amended March 7, 1895, and Feb. 28, 1899, cause the Cleveland firm failed to take the bonds on May 1,
and by order of the full Board of Commissioners in session 1899, the date of issue agreed upon.
Mount Pleasant Union Free School D istrict No. 1, West­
April 13, 1899.
Lake County (P. 0. Painesville) Ohio.— Bond Offer­ chester County, N. Y.—Bond Offering.—Proposals will be
ing.—Proposals will be received until 12 M. May 30, 1899, received until 8 p . m . May 16, 1899, by G. F. Van Tassel,
by the Board of County Commissioners, for $35,000 4%bridge Clerk, at North Tarrytown, for $50,000 4% school-building
bonds. Securities are issued in accordance with sections bonds. Securities are in denomination of $1,000, dated July
871, 872 and 873 Revised Statutes of Ohio, and in pursuance 1,1899. Interest will be payable January 1 and July 1, and
with a resolution passed by the board on April 21, 1899. the principal will mature $2,000 yearly on July 1 from 1900 to
They are in denomination of $500, dated June 1, 1899. Inter­ 1924, inclusive. Bonds were voted at a meeting of the dis­
est will be payable June 1 and December 1 at the office of the trict held Nov. 22, 1893.
Nashville (111.) School D istrict,—Bond Sale.—At a recent
County Treasurer. Principal will mature part yearly on
June 1 as follow s: $1,500 from 1900 to 1909, inclusive, and meeting of the Board of Education the resolution to receive
$2,000 from 1910 to 1919, inclusive. A certified check on a bids until May 20, 1899, for the $13,000 4% refuding bonds was
Painesville bank or cash in the sum of $700 will be required reconsidered and the bonds were then sold to local investors.
Nebraska City (N eb.) School D istrict.—Bond Sale.—On
with each bid.
Lake Providence, East Carroll Parish, La.—Bond Offer­ May 1, 1899, the $20,000 refunding bonds were awarded to
ing.—Proposals will be received until 12 m. June 1, 1899, by John Nuveen & Co., Chicago, who bid on a 4% bond. Bonds
G. M, Franklin, Mayor, for $17,500 5# gold bonds. Securi­ mature in 20 years, $10,000 being subject to call after five
ties are in denomination of $500, dated April 1, 1899. Inter­ years and $10,000 after ten years.
New Hanover County, N. C.—Bonds Defeated.—A t the
est will be payable at the Merchants’ National Bank, Vicks­
burg. Principal will mature April 1, 1939, subject to call election held on May 2, 1899, the proposition to issue $50,000
road-improvement bonds was defeated.
after April 1, 1919.
New Holland (O hio) School District.—Bonds Voted.—
Lakeview, Ore.—Bond Election.—An election will be held
May 15, 1899, to vote on the question of issuing $25,000 water­ This district, by a vote of 107 to 47, recently authorized the
issuance of $6,000 bonds for the new school house.
works bonds.
New London, Conn.—Bond Offering.—Proposals will be
Lansingburg, N. T. —Bond Sale.—On May 10, 1899, $63,000
5%-year (average) street-improvement bonds were awarded received until 8 p . m. May 18, 1899, by the Board o f Sewer
to Allen, Sand & Co., New York, at 101-39. Following are Commissioners—Mayor Cyrus G. Beckwith, President—
for $20,000 3f4% sewer bonds. Securities are in denomina­
the bids on 3)4.1° bonds :
tion of $1,000, dated July 1, 1899. Interest will be payable
Allen, Sand & Co., New York — 101*39 i R. B. Smith &Co.. New Y o rk ...100*80
W. J. Hayes & Sons, Cleveland. 101*10 Kdw. C. Jones & Co., N. Y .........100*57
semi-annually and tbe principal will mature July 1, 1919.
Bertron * Storrs, New Y ork .... 101*00 11. W .Sherrill, Poughkeepsie....100*56
New M exico.—Bids.—As stated last week, this Territory
N. W. Harris & Co., New York, bid 103-80 for a 4<g bond.
on May 1, 1899, sold $60,000 4% Capitol rebuilding bonds to
Lawrence County, Tenn.—Bonds Defeated.—A t a recent Denison, Prior & Co., Cleveland, at 101-3375 and transporta­
election this county voted against the issuance of turnpike
tion charges (Santa Fe delivery). Following are the bids
bonds.
received :
Madrid (Iow a) School D istrict.— Bond Sale.—On April
Denison. Prior & Co., Cleveland, $802 50 premium and transportatio
15, 1899, $6,000 4$ 5-10-year (optional) school bonds were charges
(Santa Fe delivery).
John F. McDonald, Niagara Falls, $828 premium (Buffalo delivery).
awarded to D. B. Lyons, Des Moines, at par.
International Trust Co., Denver, $500 premium.
Mansfield, Ohio.—Bond Sale.—On May 11, 1899, the $4,000
Mason, Lewis & Co., Chicago, $256 premium.
Duke M. FarBOu, Chicago, par less $2,300 commission.
($800 not issued) 6% 1-5-year and $1,650 G% 1-5-year streetW . J. Hayes & Sous, Cleveland, par. *‘fair commission.”
assessment bonds were awarded to the Mansfield Savings
VV. 11. McLutrell, Mescalero, N. M., $5j premium fo r $1,000.
Bank at 107-525 and 107-03 respectively.
Interest will be payable semi-annually at the National
Maquoketa, Iowa.—Bond Sale.—On April 26, 1899, $8,001 Bank of Commerce, New York City.
4% funding bonds and $3,500 refunding bonds were sold to
New Rochelle, N. Y.—Bona Offering.—Proposals will be
the American Savings Bank of Maquoketa at 100-29. Bonds received uatil June 6, 1899, by this city for $150,000 streetmature April 1, 1909, subject to call $1,000 yearly. They improvement and $18,000 city-prison bonds. Securities will
are in denomination of $500, and interest will be payable be in denomination of $1,000. Interest, to be named by pur­
annually on April 1.
chaser, will be payable in New York City.
Maricopa County (A riz.) School D istrict No. 4 —Bond
Niagara Falls, N. Y.—Bond Sate.—On May 5, 1899, the
Sale.—On May 4, 1899, $7,000 1% 10-20-year (optional) gold highest bid received for $15,000 4% sewer bonds was that of

THE CHRONICLE,

Ma t 13, 1899.!
N. W. Harris & Co., Chicago, at 113-53.
b id s:

Following are the

N. W. Harris * Co.. Chicago....US-53 SeasoQgood A Mayer, Cincra... 111*16
Joseph E . Gavin, Buffalo........... H i" 165 ,\i. M. Marcus, B u ffa lo............. liO-373
Lainpreebt Bros, Co*. Cleve......H I W
I. Hatm, New York........... 110-35
E. t>. McNair. BnSaJo................. 111*752
Denison. Prior A C o„ Cleve— i l l '056 ; F. E. Johnson. Niagara Falls---- LOU‘ 11
Bertron A Storrs, New York— .111*58 J. F. McDonald, Niagara Falls..101*41

I

Bonds are in denomination o f $1,000, dated May 1, 1899.
Interest will be pai able semi-annually, and the principal
wiil matnre May 1, 1919.
Nora Springs, Floyd Connty, Iowa. —Bond Offering.— At
2 p m. May 25, 1899, will be sold by the incorporated town
o f Nora Springs $6,540 water works bonds. Six of the bonds
will be in denomination of $ 1,000 and one bond will be for
$540, all to be dated Jnne 1, 1899; interest will be payable
semi annually at the office of L. H. Piehn, Town Treasurer.
Principal will matnre June 1, 1919. Proposals are asked for
either a 5. i}4 or it bonds. Bonds are issued under Section
720 726, Title t , Chapter 4, Code o f Iowa, and were author­
ized by a vote o f 195 to 72 at the election held March 37,
1899. The official circular states that the town has never
defaulted in the payment of principal or interest. The town
has no bonded debt exclusive o f this issue. Assessed valua­
tion, $150,828; estimated real value, $600,000. Estimated
present population, 1,300,
North Bend, Dodge County, Neb.—Bond Offering— Propo­
sals will be received until 2 p . m. June 1, 1899, fo r the $7,200
5J water-works bonds. Interest will be payable at the City
Treasurer’s office and the principal will mature June 1, 1919,
subject to call after June 1, 1904.
North Dakota.—Bond Offering.—Proposals will be received
nntil 3 p . m . May 15, 1899, by D. W . Driscoll, State Treas­
urer, Bismarck. N. Dak., for $50,000 certificates o f indebted­
ness authorized by Senate Bill No. 94, passed at the sixth
session o f the State Legislature. The certificates will be
issued in denomination to suit purchaser and will be dated
June 1, 1899. Interest will be payable at maturity Nov. 1,
1902. Each bid must state the lowest rate o f interest which
the bidder will accept upon such certificates. A certified
check to the amount of Hi, payable to the State Treasurer,
mast accompany proposals.
North wood, Worth Connty, Iowa.—Bond Sale.—This town
has sold $2,000 5%% refunding bends.

NEW

LOANS

NEW

Norwalk, Conn.—Bond Offering.—Proposals will be re­
ceived nntil 12 M. May 29, 1899, by Charles L. G-lover,
1
Mayor, for $250,000 3144 gold refunding bonds.
Securities
i are in denomination o f $1,000, dated July 1, 1899, and will
be either coupon or registered, as the purchaser may elect.
Interest will be payable semi-annually at the Fairfield Coun­
ty National Bank o f Norwalk. Principal will matnre July
1, 1929, subject to call on any January 1 or July 1 after Jan­
uary 1, 1919. Bonds w-ill refund $200,000 water-bonds and
$50,0C0 municipal expense bonds. A certified ctaeok for 1%
of the par value o f bonds bid for must accompany proposals.
Bids will be opened by the City Council at 8 P.M. June 1,
1899.
The official notice o f this bond offering will be found
among the advertisements elsewhere in this Department.
Norwich, Conn.—Bond Bill Passes Legislature.—The Sen
ate has passed, in concurrence with the House, a resolution
authorizing this city to issue $300,000
25-year water
bonds.
Oconomowoc, W is.—Bond Election Authorized.—The Com­
mon Council has authorized an election on May 15, 1899, to
vote on the question of issuing $42,000 water-works bonds.
Odessa, Winn.—Bond Offering.—Proposals will be received
“ at once ” for an $800 5% 5-year village-hall bond.
Orange, N. J .—Bond Sale.—On May 8, 1899, the $50,000 4g
sewer bonds were awarded to Dick Bros. & C o., Philadel­
phia, at 110-21. Following are the bids :
Dick Bros. A Co*. Philadelphia. 110*21 Edw. C. Jones <fc Co., New York*. 106*10
Benweil X Eventt. New F ork ..1(0*31 llalf-D im e Savings Bank. Or*Ww" ........ ............ .
N. W . H am * A Co.. New York. IQu~l*9
■------ ungo
,.iw /o
W. J. H afes A Son*. P h il*.........KS*U
$10,000due m o . . . 102*60
8av, vlio.i
Farson, I^'nch A Co., N. Y .. . . . lOfeTO Orange
*~,000 d ue 1020... .103*60
*< 10,1
Bank
W aiter Stanton A Co., N. Y . . .. .108*08
•? 10.1,000 due 1021__ 104*50
K. H. HoUIn* A Son*. B oston ...106*613

Principal will mature $l0,f 00 in the years 1919, 1920 and
1921 and $20,000 in 1922. For further description of bonds
see Chronicle April 2 9 ,1899, p. 840.
Ormsby County (P . 0 . Carson City), Net.—Bond Sale.—
On May 1, 1899, this county sold $20,000 gold 55 Agricultural
Association bonds to Richard Kirman, Carson City, at 100-50

LOANS.

8 7 7 ,0 0 0

8 2 5 0 ,0 0 0

BOROUGH of GLEN RIDGE,
ESSEX COUNTY, N. J.,

C I T Y of N O R W A L K
3Hi GOLD BONDS.

SEWER BONDS.
Proposal*
be received until 8 P. M. o f Mar
22nd. IM*p. as the Coaneil Booms o f tin- Borough of
<**•» Ridge. S. J,. fo r t b « parrti*** «if Sew or Bono*
am heratnaftieT described:
Bm.hi bond* art? to be issued by said Borough o f
Gi*n fUdgc. K**ex County. J L J „ to pro rid* fund* to
pay the Township o f
for 8tt«r»r* <r sys­
tems o f sH’w .rsg e and drainage ron-trum ed bv it
wilbiD th# ilffiits o f the Borough o f Glen Hid**, ji,
J., and fo r rights, interest or t roperty in outlet sys­
tems o f sewerage and drainage or trunk sewer* io
tide-water outside o f the Borough of Glen Bldge. N
J , io aocordanco with th** terms o f th e cont act be­
tween said Township o f Bloomfield and Mid Borough
o f Glen Ridge and other parties, dated on the 3l»t
day o f March* 1SW>, and under the authority o f * «
Act o f the Legislature o f the Stare o f v »w Jersey,
entitled “ An Act respecting borough* and providing
for tbo porrha.se of sewer* and systems o f sewerage
and drainage therein, with outlets theretoe and cd f
Tiding for the ekteosloa o f the same.'’ Approved
A p rils,

9 -1 1

Sealed proposals for the purchase o f the whole or
part o f an l*»ue o f T w o Hundred and Fifty tl.OQd
Bonds to be issued by the City o f Norwalk, to be
paid tn Gold Coin o f tbo United Bt&tea o f the present
weight and finen©**; to bear
per cent Interest^
payable tn equal seml-annnal payment*, payable
July 1st, A. D. W2B, and at the option o f the City on
any January 1st o r July 1st after January 1at, MMP>
upon giving three month*’ notice o f intention to paywill be received by Mayor Conflow L. Glover o f the
City o f Norwalk until the 2Vth day o f May, A . D,
1800. at 12 o ’clock noon.
Said bonds are to pay a like amount o f bonds now
outstanding and payable July 1st, 1X00. Two hun­
dred thousand o f which were for water-work* eon*
■traction and fifty thousand municipal expense*
The bonds will be dated J olv 1st, Ihjw. have interest
coupons attached or be registered as purchasers
shall elect, and are to be payable, both.principal and
interest, at tbe Fairfield County NgtSoukX Bank, in
« l d city,
Propoaoi* should state the number o f bond# bid
for, and a o n be accompanied b? a certified check
fo r one per cent o f the amount par value o f the
bonds bid for. All bid* will be opened by the City
Council on June 1st, 18VP. at 8 P. M. The light is
reserved to reject ony and ail bids*
The City’s Grand List is over 66,000,000. Population
l» over 61.000, The income from water-work* Is sev­
eral thousand In excess o f all expenses and Interest
and is required by the charter to be applied to ex~
Ptftte o f construction, etc*, o f water- works.

said Bond* will be divided ft»»r« two classes as foL
low*:
One class o f said Bonds will be O c o o n Bonds, and
will be thirty seven in number and o f the denonun atb>n ©16V>s>each; »he? win be dated on tbo J-t day
o f June, <a«,*D d will bear Interest at the rate o f $
per cent per annum, parable **ral annually at the
Bank o f Montclair. In the town o f Montclair, S. J..
on t he l*t day# o f June and December o f such year
Both principal and Interest will be payable In the
lawful money o f the V n ted StatcsNne 1 and t o f said Bonds will fall due on the first
day o f June* 10ot>. and the consecutive numbers will
fall due two on the Is? dsy o f June In each year theraafter nntil ail are paid.
The other ela**of said Bonds will be forty in num ­
ber: they wifi be o f the same deDomination and da*©
those above mentioned, but will be Keimterod
Bonds and will bear Interest at the rate o f 6 per cent
per or-miio, payab’e as above, and will fail due on the
first day o f June* 1I»14, but eiLh the right, and the
O LIVER E. WILSON,
Bond* wili bear upon their fare a reservation to that
GOOt.D HOYT,
effect, to said Bor ugh to pay off the principal o f any
A. H. HOYT.
o f taid B on d s*! par on any date when the interest
•bail become d oe thereon, beginning with the first,
Finance Committee.
day o f June, IPrttk, from the proceeds derived from
City o f Norwalk, C m . May l>th, \m>
the ##*esenwenta for l*t era) sewers upon the property
beneSHerf,
7 he Bonds so to paid to be drawn by Jot,
The assessed valnatloa o f tteal Estate in said Bor­
ough in IBicfft was i l j
Tb© ■resent Br<fi»ied dent o f said Borough la 6*0.hOQ, incurred for Rond Improvement Bonds ivsoRd tn
and maturing fv.otso. on February 1st. 1802, and
afterwards
or # yX »i each yenr until all am
paid.
Hlacb proposal must, be accompanied by a certified
chock or t/-.R order o f the CUrk o f the Borough o f
APPRAISEMENTS M ADE OTt QUOTATIONS
Glen ft Mae. N. J., to the amount of 6 per cent o f the FURNISHED FOR TH E PURCHASE, SALE OR
par value o f the Bonds bid lor
guaranty o f the
EXCHANGE
OF ABOVE SECURITIES.
good faith nf the bidder, and must be presented in a
sealed eoveb-pe endorsed. ’ ' B i d ft.r Glen Ridge, ,n . J .
l is t s on a p p l ic a t io n .
Sewer Bond* ,T
The Boronab CoenefJ reserve* the right to reject
an? o r all bid*.
Inumrles and proposal* may be directed to the un­
der*!ame*j,
B A N K E R S ,
N ATH AN R1789BLL, Borough Clerk.
Glen R dge. N. J.
31
S T . 1lln n L o f C o m m e r c e H lrfg.i

N E W LOANS.

City of Yankton, So, Dakota,
BOND CALL.
T o th e H o ld e r * o f C it y o f Y n n k t o n , S o u th
D a k o t a . Houcift, D a t e d A u g u a t 1 5 th .
I-SSG. a n d J u l y lat> 1 8 8 3 .
TARE

N O T IC E *

Thai-the foIl*>wlng-de*erlb€«i bund* o f the City o f
Yankton, South Dakota,
*64,000 Railroad Aid Bond*, dated Aug. 15.18S5,
8.00*J W ater Work* Bond*, dated July 1st, 18Hd,
have been called fo r payment May 16th, l^ P , after
which time all Intercut will cease. The 667,000 abovementioned bond* will be paid at the Chemical Na­
tional Bank, in the City a“ d State o f New York.
By order o f the City Council o f the City o f Yank­
ton. which cbcioae* to exerrUe the right o f prepay­
ment mentioned In wild bond*.
Dated at Yankton, South Dakota, this 7th day o f
April, 18W.
S. 8. BCC K W A LTER ,
City Treasurer.

$ 3 0 ,0 0 0
T E R R I T O R Y OF
N E W M E X I C O 6s.
O ilier C h o ice
M unicipal Securities.

DUKE

M.

FARSON,

B A N K ER,

I S3 D e a r b o r n St., -

C H IC A G O .

G o v e r n m e n t and
M u n i c i p a l Bonds E D W D . C. J O N E S &, C O
DHAEICBS IN
BOUGHT AND SOLD.
Municipal, Railroad
Street Railway and Gas
BONDS.
N. W . H A R R I S & CO.,
NEW YORK
1 NASSAU STREET.
r-ini.A D B I.I-H IA - 421 CHESTNUT ST.

THE CHRONICLE.

9 42

Other bidders were the Bullion Erchange Bank. Carson City,
and Denison, Prior & Co., Cleveland, Ohio. Securities are
issued in denomination of $1,000. Principal will mature in
twenty years, subject to call after ten years.
O rryille ( Village), Ohio.—Bond Offering—Proposals will
be received until 13 m . June 3, 1899, by the Finance Commit­
tee of the Council at the office of Edward Wirth, Village
Clerk, for $30,000 5* paving bonds. Securities are in denom­
ination of $1,000, dated July 1,1899. Interest will be payable
semi-annually and the principal will mature $3,000 yearly on
July 1 from 1900 to 1909, inclusive. A certified check for 5%
of the amount of each bid, payable to the Village Clerk, must
accompany proposals.
Oxford, Miss.— Bonds Authorized.— According to local re­
ports the City Council has authorized the issuance of $30,000
sewer bonds.
Peoria, III.—Bond Sale.—The city has sold $14,700 6% 14year improvement bonds to the First National Bank of Peoria
at a little over 104. Bonds mature part yearly on
April 15.
Pcrham (M inn.) School District.—Bond Sale.—'This dis­
trict has sold to the State the $8,000 bonds recently voted for
a new school house.
Pliojnixville, Pa.—Bonds Proposed.—W e are advised that
thiB borough may refund its water debt (now subject to
call) about October next.
Pine County, Minn.—Bonds Authorized —The County
Commissioners have authorized the issuance of $30,000 bonds
to fund the floating indebtedness.
Portsmouth, Yn.—Bond Offering.—Proposals will be re­
ceived until 6 p . m . May 16, 1899, by E. Thompson, Jr , City
Clerk, for $35,000 5%coupon paving redemption bonds. Securi­
ties arein denomination of $500, dated June 1, 1899. Inter­
est will be payable June 1 and December 1 and the principal
will mature June I, 1939. Bonds are exempt from city taxes
and can be registered, principal and interest or principal only,
at the option of the holder.
Price (U tah) School D istrict.—Bonds Voted.—According
to local reports, at a recent election the proposition to issue
bonds for a school house was favorably voted upon.
Randolph. Vt.—Bond Issue.—The National Life Insurance
Co. of Montpelier has offered to extend from July 1. 1899.

l x v iii

the payment o f $17,000 4# water bonds of this village, at the
rate of &%%■
Red Lodge, Mont.—Bonds Voted.—On May 1 this city,
by a vote of five to one, authorized the issuance of $35,000
water-works bonds. Interest will not exceed 5#, and will be
payable in Red Lodge unless the purchaser notifies the City
Treasurer to pay in New York City. Principal will mature
in 20 years, subject to call after 10 years. W e are advised
that the date of sale has not been determined upon, as the
preliminary surveys have yet to be made.
Reidsyille, N. C.—Bids.—'The following bids were re­
ceived on May 2, 1899, for the $25,000 5i{ and $7,500 H im ­
provement b on d s:
For
$25.()i 0 fs s u t.
Rudolph Kleybolte & Co.. Cincinnati......................... $27,350 00
Denison, Prior & Co., Cleveland................................... 27,287 50
N. W. Harris & Co., Chicago ......................................
27,207 50
F. M. Stafford & Co., Chattanooga................................ 27,065 0
Seasongood & Mayer, Cincinnati.................................. 27,062 50
Edward C. Jones & Co., New Vork.............................. 26,787 50
W . J Hayes & Sons, Cleveland.................................... 26,673 00
J. R. Gilliam..................................................................... 26,625 rO
The Lamprecht Bros. Co., Cleveland......................... 25.632 50
F. M. Stafford & Co. (for 4}4% bond)............................. 25,1( 5 00

For
$7,500 I iS W .
$8,613 75
8,493 75
8,816 26
8,648 26
8.681 26
8,68162
8.600 00
8,914 60
8,274 00

In addition 10 above Rudolph Kleybolte & Co, bid $8,150
for the $7,500 bonds, but for an issue bearing only
interest.
The $25,000 bonds mature May 1, 1929, and the $7,500 on
July 1, 1x21. For full description of bonds s e e C h r o n i c l e
April 8, 1899, p. 686.
Rochester, N. Y. —Bonds Authorized by Legislature.—This
city has legislative authority to issue $100,000 Hemlock Lake
water shed bonds. The Common Council, we are advised,
has as yet taken no action looking towards the issuance of
these bonds.
Saginaw, Mich.—Bonds Voted.—This city has voted in
favor of issuing $35,000 market-house bonds. They have yet
to be authorized by the City Council before issuance.
St. Joseph (Mo.) School District.—Bond Offering__ Pro­
posals will be received until 4 p . h . May 22, 1899, by Harry
H. Smith, Secretary of School Board, for the $50,000
coupon school-house bonds which were voted by a large ma­
jority at the election held on April 29, 1899. Securities will
be in denomination of $1,000, and will be dated not later
than July 1. 1899; interest will be payable semi-annually at
the National Bank of Commerce, Nero York City. Principal

INVESTMENTS.

IN V E S T M E N T S

(T ol.

i\«ve

tm ents.

NEW LOANS.

FOR SALE:

ADAMS & COMPANY,

$150,000 Cleveland, Ohio, 4s
$185,000 Camden, N. J., 4s
$135,000 Colorado Sp.,Col. 4s
$60,000 BowrgGre’n,Ky.4s

6% GOLD BONDS,

BANKERS,

T he L a m p r e c h t
B rothers C o m p a n y ,
CENTURY

B U I L iO IK G .

CLEVELAND,

TEN

* 5 0 0 D e n o m in a t io n s .

HIGH GRADE
State, Municipal, County, School

B O N D S .

T o t a l In s u e , $ 7 5 , 0 0 0

Street,

&

Co.,

B A N K E R S .

E x c lu s iv e S a le s A g e n t* .

Blodget, Merritt & Co.,
16 Congress Street, Boston.
1 3 W a l l S tr e e t. N ew Y o r k .

STATE, CITY & RAILROAD BOND*-

No. 1 N assau S tree t. N ew Y o r k .

THE

3 d and W a ln u t S tre e t*. C in cin n ati. O.
L IS T S

M A IL E D

F. R.

UPON A P P L IC A T IO N .

FULTON & CO.,

M u n ic ip a l
171

LA

SALLE

B onds,
STREET,

CHICAGO.
8% NET.

L a m p r e c h t B ros.

C o.

C entury B u ild in g. C L E V E L A N D , O H IO ,
DEALERS IN

MUNICIPAL, RAILROAD,
STREET RAILWAY & CORPORATION

BONDS.
LISTS SENT UPON REQUEST.
Information given and Quotations furnished con­
cerning all classes of Bfcocks and bonds that have a
Cleveland market
WE

DEAL

IN

Safe as Government Bond. New York Cily Real
Batate. Increasing In value rapidly. W e have some
rery choice investment properties.

SOUTHERN ANn WESTERN

S. Osgood Pell & Co.,

ROSENBERttER & LIVERMORE,

C or. 4 5 h St

5 4 'i 5th A V K .

I N V E S T M E N T BONDS,
Members o f Boston Stock Exchange.*

No. 7 Congress and 81 State Streets.

BOSTON.

PUBLIC SECURITIES
SU ITABLE FOR

C H IC A O ” , IL L .

BANKERS

Legal investment* for Savings Banks in New York
aad all New England.

DE A LER S IN

TEAK S.

Secured bv first mortgage on Chicago leasehold and
building, which alone cost $250,000. All rented on
fine paying basis.
A sinking fund created making us custodians and
disbursers of all funds, all surplus remaining in our
hands for retiring bonds at maturity.
Price 1*05 and accrued interest since March 1 ,1899
Call or send for prospectus.

169 J a c k s o n

B r o a d w a y , M ew Y o r k City.

Rudolph Kleybolte

IN

Royal Trust Company Bank,

O H IO .

EASTERN B R A N C H !

52

BCE

- E C U R IT IE 8 .
(Specialists in Texas Investments),
F O R T Y W A L L STR E E T, NEW Y O R K .

SAVINGS BANK AND TRUST
FUNDS.
LISTS MAILED ON APPLICATION.

Farson, Leach & Co.,
C H IC A G O .
1 0 0 D e a rb o rn S t.

NEW YO R K ,
3 3 N a ssa u S t.

State o f Massachusetts.......... . . . .3s
City o f Cambridge........................... 3^6
Illinois Central............................... 8)£b
Lake Shore Collateral...................3)4s
Michigan Central Collateral.........3)^8
Rock Island..................................... 4s
United Electric Securities C o... 5s

Perry, Coffin & Burr,
6 0 State Street, B o s to n .

MUNICIPAL

BONDS.

Securities Netting: from

to

A L W A Y S ON H AN D.
Send fo r our Investm ent Circular.

DUKE M. FARSON. Banker.
Municipal Bonds.

185$ D earborn fetreot
C H IC A G O .

May 13,

will mature 20 years from date of issue, subject to call after
10 years. Bonds will be issued nursuant to State Laws, and
the Attorney of tbe district, Thos. J. Porter, lies certified as
to their legality. A certified check for $500, payable to the
school district of St. Joseph, must accompany proposals.
San Francisco, r a h —Bond Aeics.—This city proposes to
issue bonds for the purpose of public improvements, mclud
ing the extension of what is known as the Panhandle of i
Golden Gate Park; also to acquire a strip of land for a boule­
vard. to acquire property and to erect thereon school build­
ings, and for sewers.
The estimated cost for the acquisition o f the land for the
extension of the Panhandle of Golden Gate Park alone
amounts to $3,500,000. Resolutions hate been passed for the
purpose of determining the cost of the various improvements,
bat reports must be first received before a special election
can be called to vote the bonds. Tbe law requires that spec­
ial elections for the different improvements mentioned must
be held on separate days.
Saalt Ste. Marie ( Mich.) School District.—Bond Offering.
— Proposals will be received nntil 4 p. M. June 1, 1899, Ry
Jaues T» Moore, Secretary of tbe Board of Esincation, for
122.000 4}£< school bonds. Securities are in denomination of
$.500. dated Jnlv 1, 1899. Interest will be payable semi-an­
nually in New York exchange. Principal will mature July
1,19 9.
Sedalia, Mo.—Rend Safe.—Rudolph Kleybolte &, Co., Cin­
cinnati, have been awarded $30,000 20-year refunding bonds
at 106-68 for 4 per cents. A conditional sale of $17,000 bonds
was also made to the same company, which bonds will be j
voted upon at a special election.
Shelby (Iowa) School District—Bond Offering . — Propo­
sals will be received until June 1, 1899, for $6,000 4b>4 5-10vear (optional) school bonds, bearing date Jane 15, 1899.
Securities were authorized by a vote o f 114 to 88 at a recent
election,
.South Omaha, Neb.—Rond Sa/c.—Refunding bonds to the
amount of $70,000. bearing 5* interest, have been awarded to
F. J. .Honarty, Cashier Packer*’ National Bank o f South
Omaha, at HO 50.
StarkvilJ* (Tow n), Mias.—Bawl Offering.—Proposals will
be received until 8 p . m. Jane 0, 1899. by F L. Wier, Mayor.

INVESTMENTS

JERSEY

RE M O VE D !

WE are NOW OCCUPYING oar <<-w
unices at

\ P i t 1L*

71

E. H. R O L L I N S & S O N S ,
M IL K

STREET,

BOSTON.

BROADWAY

(EMPIRE BUILDING).

D E A L E R * IN

C. H. W HITE & CO.,
Bankers.

MUNICIPAL and RAILROAD
SECURITIES.

M U N IC IP A L
and R a i l r oad S e c u rities.

Whann & Schlesinger,

71 BROADWAY

IN V E S T M E N T S .
T R A N S M IS S IO N R O P E .

CITY

TRICK OSi APPLICATION.

1ft

for $12,500 5£ 5-20-year (optional'' school bonds and S3,000 6£
5-20-year (optional) street-improvement bond* Interest, in
above issues will be payable semi-annually in New York
City. Certified checks Ior $500 for the school bonds and $100
for’ the street-improvement bonds, payable to the Town
Treasurer, must aecom pany proposals.
S tem irtvilie ( M ian.) School D istrict.—Bonds Voted.—At
a special school meeting held May 2, 1899, tbe issuance of
$15,000 school-house bonds was authorized by a vote of 188
to 133.
Sullivan, 111.—Bond Election.—Au election will be. held
on May 20, 1899, to vote on the question of issuing bonds for
the purpose of improving the water supply, for a cemetery
and for the extension of the sewerage system.
Sun bury. I’ a. —Refunding Bonds Not Yet Authorised.—
N o action has yet been taken by the Borough Council looking
towards the refunding of tbe borough’s indebtedness. Steps
will probably be taken to this end later in the season,
Teeumsehi Neb.— Bond Offering.—Proposals will be re­
ceived nntil 8 P. M. May 23, 1899, by this city for the $21,000
4!.jS coupon refunding water bonds which were recently
voted and for which proposals were originally asked for until
April 27, 1899. Securities will be in denomination o f $500
and will draw interest from May 1, 1899: interest will be
payable May 1 at Nebraska Fiscal Agency, New York
City. Principal will mature May 1 ,1919, subject to call after
May 1, 1909. Proposals must be accompanied by a certified
check for $500.
Toledo, Ohio.—Bonds Authorized —The Board of Aidermen has authorized the issuance of $32,387 20 Woodville
Street improvement bonds and $',427 07 Fassett Street im­
provement bonds.
Topeka, Kan.—Bonds Authorized.—The City Council has
passed an ordinance creating Sewer District No. 13 and pro­
viding for the issuance of bonds for the payment of tbe ex­
penses of tbe proposed improvement. Bonds are to bear in­
terest at a rate not exceeding 84 and will mature within ten
years. Another ordinance passed by the Coui,cil authorizes
the issuance of $8,670 44 64 1-10-year improvement bonds,
bearing date April 1,1899.
Trenton, Hibson County, Tenu.—Bowl Offering.—Pro­
posals are asked by this city for the $3,500 64 (optional) bonds

i^ V P v t x iv lE N T S

G O L D 4s,
DTK

943

THE CHRONICLE.

**» '

- NEW YORK.

CORDAGE
©
aj |s

SPECIALTIES.
Tlie American Man’f’g Co.
m

£

a AND *

«

1.

[■

6 4 W A L L .N T K K liT ,

NEW

YORK.

TROWBRIDGE,
M a c D on a ld
Sc N iver C o .

M A S O N , L E W I S Sc CO., M U N I C I P A L

BONDS,

BANKERS

State,

County,

City,

C H IC A G O ,
IT I U

School,

Bonds.

60 D evon*bIre S t.

m u n ic ip a l

RAILROAD
B O N D S
CORPORATION
C h o ic e !•■□€■$».

Street Railway and Gas Companies.

BRIGGS, TODD & CO.,
C IN C IN N A T I,

BOSTON,

H a llr Hi,

L.INT ON A P P L I C A T I O N ,

CASH PAID FOR

O H IO

Owners of Old, Defaulted,
Worthless Railroad Stocks
and Bonds

K a r m a * m u n i c i p a l B o n d * In d e f a u l t ,
W f c b l l a i> I® r u t t fp i. d e ftiH li o r n o t,
W i c h i t a o r S e d g w i c k C o , R e n t S a tftte ,
F o m l o e c M $ rtB ttgeii, e t c .

OEAN C O R D O N , Financial Broker
W IC H ITA .

K AN 6A*.

C a n fi n d a m a r k i ’ t f o r r r i b c b r B d d r c « i l n g

C. 4 . W . f P. O . B o * 6 7 2 ,
S fw
3187VD D E S C R I P T I O N

M

E. C,

OF

u n i c i p a l

S

York.

WJEJAT Y O U

HAVE

a o N O t.

t a n w o o d

Sc G o

B A titK K I,

C. R. G O O D E Sc CO.
H I G H -G R A D E
W ARRANTS
Netting troin 4 to 84 .
15 WALL STREET NEW YORK.

1st Nat. Bank Bldg.

- CHICAGO

Devitt, Tremble 6c Co.,
M U N IC IP A L BONDS.
F ir n t N a tio n a l H a n k B n l l d l n c ,

CHICAGO.
MUNICIPAL BONDS.

John Nuveen & Co.,
IN V E S T M E N T

BANKERS,

1st National Bank Building, Chicago,
Correspondence nollcited.

R eference, F irst tfalional Bank, Chicago-

Augustus Floyd,

3 2 P I N K N T H IS K T , N E W
DBA I, Bit IN

YOKK,

If yon wish to liny or sell Mnnicipal LOCAL INVESTMENT SECURITIES

121 Devonshire 8treet,

orother Seen rltles.pl easewriteorcall.

BOS TON .

S. A. KEAN. 132 La Snlle SL, Chicago.

C I T Y K .R . A N D < J A » C O . B O N D S .
M U N I C I P A L .' B O N D S .

A T L A K T IO IN S U R A N C E

CO. S C R IP .

CVoL. Lxvm.

THE CHRONICLE.

944

recently authorized by the State Legislature for the exten­
sion of the water-works system. Securities will be in de­
nomination of §500 and the interest will be payable in Tren­
ton.
...
Uinta County School D istrict No. 1, Evanston, Wyo.—
Bond Sale.—On May 1, 1899, the $24,900 refunding bonds
were awarded to E. H. Rollins & Sons, Denver, Col., at par
for a
bond. Following are the bids :
For a

Bond.

For a b% Bond.

E. H . R o llin s A Sons, D enver.
Par
For a 5% Bond.
L ou is K irk. C h eyen n e............ 125,890 00
Spokane & E a st.T r.C o. S p o k . 25,635 00
R . K leybolte A Co.. C in c in ... 25,285 00
First. Nat. Bank, C heyenne .. 25,2'H60
M ason. Lew is A Co.. C hic . . . . 26,255 i’0
W . J. H ayes & Sons, C le v e ... 25,024 50

N. W . H arris & Co., Cblcago.$25,n03 00
J o h n F. M cD onald, N. F a lls.. *4,950 00
L e R o y D avid son, N. V. C ity..
Par
DeniBon, P rio r & Co., (less
com m ission o f $250)..............
Par
D uke M. Parson (less com m is­
sion o f $700).............................
Par

F. R. Fnlton & Co., Chicago, bid par and accrued interest
and $ 75 7 premium, also furnish blank bonds for $ 2 5 . Amanda
R. Buck. Newburgh, N. Y., bid par and $25 premium for
one $1,000 bond. Principal will mature May 1, 1 91 9 , subject
to call after May 1, 1909. For further description of bonds
see C h r o n i c l e April 8 , 1 89 9 , p. 687.
Vernon (M ich.) School District.—Bonds Proposed.—This
district proposes to issue bonds for a school house.
YVadesboro, N. C.—Bonds Voted.—Road-improvement
bonds to the amount of $25,000 were voted at the election
held May 2,1899.
Wasco County (Ore.) School D istrict No. 5.—Bond Sale.—
On May 1, 1899, School District No. 5 of this county sold $800
6£ 10-20-year (optional) bonds to W . E. Bell, Spokane, Wash.,
at 103-25.
Washburn County, WTis.—Bond Issue. —The County Board
has made application to the State for a loan of $35,000 to re­
fund the present indebtedness of the county. Loan will ma­
ture one-twentieth yearly.
Washington, Pa.—Bonds Authorized.—The Borough Coun­
cil has passed ordinances providing for the issuance of $67,000 street-paving and $8,000 fire-alarm system bonds.
Westbrook (Tow n), Me.—No Bonds Sold.—It has been re­
ported by some newspapers that this town bad sold $2,000
refunding bonds. Upon inquiry we learn that tbe town has
not sold any bonds recently, but that a small amount of re­
funding bands will probably be issued during the month of
June.

M ISCELLA NEO US.

Wayne County (P . O. D etroit), Mich.— Bond Sale—On May
6, 1899, $700,0 JO 3}4% building bands were awarded to the
State Savings Bank, Detroit, at l O S ' O l S O . Following are
the bids :
Premium. „

State Sav. B *n k , D e tr o it ___$35,106 67
M sson, Lew is & Co., C h icago. 34,230 00
W . J. H ayes & Sons, C le v e ... 3« ,170 00
N ew 1st N at. B ’k, C olu m bu s. 12,460 00
N. W . H arris & Co.. C h icago. 10,765 00
Farsun, L ea ch & Co.. C h ic ... 10.20 >00
P e o p le ’ s Sav. Bank, D e tro it. 10,200 00
L a m p rech t Bros. Co.. C le v e .. 8.H75 00
B riggs, T o d d & Co., C in c in ... 5,500 00

Securities are in denomination of $1,000, dated May 1, 1899.
Interest will be payable semi-annually in New York City
and tbe principal will mature May 1, 1914.
West Consholiocken, Pa.—Bond Offering,—Proposals will
be received on June 1, 1899, by this borough for the $3,000
4%' street-improvement bonds which were voted in February
last. Principal will mature in 20 years, subject to call after
five years.
West P oint, Neb.—Bonds Authorized.—'This city will
shortly advertise for sale $23,000 4J£j< refunding bonds.
White Plains, N. Y.—Bonds Refused.—E. H. Gay & Co.,
New York, who on April 17, 1899, were awarded $25,000 4$
water-works bonds, have refused to take the same. The
ground for refusal was that Section 4, Chapter 769, Laws of
1896, under which the bonds were issued, provided for 30-year
bonds, whereas the bonds advertised matured part yearly
from 1929 to 1932. This technical error must be rectified and
the bonds re-advertised.
W ilkesbarre. Pa.—Bonds Voted.—At a special election
held May 9, 1899, the proposition to issue $100,000 improve­
ment bonds carried by about 300 majority.
W illiam sport, Pa .—Bonds Proposed.—An ordinance has
passed first reading in tbe Councils providing for the issuance
of $95,000
10-30-year improvement bonds. We are ad­
vised thatit will besomemonthsbeforetheordinancewillpass.
W ilm ington, N. C.—Date o f Sale o f Bonds.—Proposals for
the $150,000 4# 30-year coupon bonds mentioned in tbe Chron­
i c l e April 22, 1899, will be received until 12 m . May 15,1899,
by the Mayor. Proposals “ may stipulate for gold bonds.’’
These securities will be prepared by the American Bank
Note Co. and certified as to genuineness by the United States
Mortgage & Trust Co.

M IS C E L L A N E O U S .
1850.

100 B R O A D W A Y .

L on d ou , 9 5 G resh a m S tr e e t.
H a v a n a , 2 7 C u b a S tre e t.
S a n t ia g o , 1 O M a r i n a S t r e e t .
C A P I T A L P A I D U P ................... $ 1 , 0 0 0 , 0 0 0
S U R P L U S A N D U N D IV ID E D
P R O F I T S ................................
$ 5 0 0 ,0 0 0
T R A N S A C T S a general tru st business.
A L L O W S L I B E R A L R A T E S o f Interest on d e ­
posits aud tru st fu n d s.
ISSUES L E T T E R S OF C R E D IT and T ra v e le rs’
Circular N otes, payable in dollars o r In t b e m on ey
o f any fo re ig n cou n try.
A C T S A S T R U S T E E under m ortgages fo r railw ay
aud oth er com panies, and as A gen t f o r th e Registra­
tion o f th e stock and fo r th e tran sfer o f the shares o f
Incorporated com panies.
Q U A L IF IE D A N D E M P O W E R E D to a ct as e x ­
ecu tor, adm inistrator, trustee, guardian and assignee,
and as receiver and cu stod ian o f fu n d s un d er or­
ders o f Court.
T H E N O R T H A M E R IC A N T R U S T IC O M PA N Y
has been designated “ F i s c a l A g e n t * o f th e G o v ­
e r n m e n t o f th e U n ite d S t a t e s ,” in Cuba, and
has established offices a t S A N T IA G O and H A V ­
A N A and is prepared to b u y and sell d ra fts on and to
m uke paym ents in Cuba and t o transact a ge n ­
eral ban kin g business.
O F F IC E R S :
W . L. T R E N H O L M ................. *................ P R E S ID E N T
S A M U E L M . J A R V I S ........................ )
V IC E R O L A N D R. C O N K L IN
............ > P R E S ID E N T S
S. L. C O N K L IN ..........................................S E C R E T A R Y
JA M E S D U A N E L IV IN G S T O N ..T R U S T O F F IC E R

Metropolitan Trust Co.
O f th e City o f N ew Y ork .

I N .T H E C I T Y O F N E W Y O R K .
A ll P o l i c i e s n o w I s s u e d b y t h i s C o m p a n y
co n ta in t h e f o l l o w i n g c l a u s e :
..
°*ie Ye a r f r o m t h e d a t e o f i s s u e , t h e
l i a b i l i t y o l t h e C o m p a n y u n d e r t h is p o l i c y
• h a ll n o t b e d is p u t e d .”
D u r in g 1 8 9 S t h e C o m p a n y m a d e m a t e r i a l
I n c r e a s e in In co m e , a s s e t s a n d s u r p l u s } a n d
c a n t h u s c l a i m a s u b s t a n t ia l g a in in t h e
m o s t I m p o r t a n t e le m e n ts o l s a f e t y a n d p r o g ­
ress.
A l l D e a t h C la im s p a id W I T H O U T D I S ­
COU N T as soon a s s a t is fa c t o r y p r o o fs h a v e
b een r e c e iv e d .

Active a n d S u ccessfu l A g en ts, w is h in g to r e p r e ­
sent this C om p a n y, m a y co m m u n ica te with
R i C H A R D E . C O C H R A N ,3 d V ic e-P re sid en t,
at the H om e Office, abi B ro a d w a y , N ew Y ork .
O FF ICER S:

r n «>1,,« 1

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

................................V ice -P re s id e n t
^ P -JP R A L E IG H .............................. 2d V ice -P re sid e n t
R IC H A R D E. C O C H R A N ...............3d V ice-P resid en t
^
Secretary
w
t
t
t
.......................... A ssistant s e cre ta ry
W IL L IA M T . 8 T A N D E N ....................................A ctu a ry
A R T H U R C. P E R R Y ............................................ Cashier
JO H N P . M U N N .....................................M edical D irector

IN V E S T M E N T SECURITIES,
M f.iith .rn M eou rttt«ii a S p e c ia lt y
15 W A L L S T R E E T , 1K W Y O R K .

United States Government
uses the W hiting Papers. So do the
leading Railroads, Banks, Insurance
Companies and Mercantile Houses every­
where. If yon are not using Whiting’s
Linen Ledgers in your office write us for
samples. For account books they are
unequaled.
They are made in tints
especially recommended for the eyes by
eminent oculists. W e will send you
a pamphlet on the subject free.
W H IT IN G PAPER C O M P A N Y ,
H
and

150

D

olyoke.
uane

M

a s s ..

S t .,

N

ew

Y

ork

FINANCE COMMITTEE :

? m 9 is A

................P re s. Chem . N at. Bank

J R ...P re 8 . Im p. & T rad ers’ N at. B k.
JA M E S R . P L U M .....................................................L ea th er

CHRONICLE VOLUMES

BANKING HOUSE OF

H A IG H T & FREESE,

FOR SALE,
N E W OK SE CO N D H A N D ,

53 B R O A D W A Y . N E W Y O R K .

F R O M 1 8 6 6 TO D A T E .

B oston, 85 8 tate 8t.; P h ilad elp h ia, 402 W a ln u t 8t»

W I L L I A M B. D A N A CO.,

E x e cu te o rd e rs in Stocks, B on ds, G rain, C otton
and P r o v isio n s on th e New Y ork, P h iladelphia, B os­
to n and C h k ago G rain and Stock E x ch a n g e s f o r in ­
vestm en t o r t o b e carried o n m argin o f S to 5 per
ce n t at m o d e ra te rates o f in te re st an d 1-16 co m m is­
sion. In te re s t allow ed o n m argins an d deposits sub­
je c t to ch e ck a t sight.

76h£ P in e S t ., N e w Y o r k .

SECURE BANK VAULTS.

S l.O O O .O i

ED W IN R. LANCASTER,

THE

G E O R G E H . B U R F O R D ................. P r e s i d e n t

3 7 and 3 9 W a ll S tr e e t, N ew Y o r k .
D esignated as a legal depositary h r o rd e r o f S
prerue Cou rt. R e c e iv e deposits o f m on ey on lute
JJ?" aa
or tran sfer agent, or tru stee f o r c(
poratlons, and accept and e x e cu te any legal truf
„ -° ^ V P er,8°M8 o r corporation s, on as fa v o ra b le te n
as oth er sim ilar com panies.
B ravton Ives, P residen t. Kred’k D .T a p p e n , V .-P n
C. M. Jesup, ^d\.-PTes.
B everly Chew, Secretai
R a ym on d J. Chatry. A ssistan t Secretary.

__ M IS C E L L A N E OUS

1899

The United States Life
N odi) A m m r a n
Insurance Co.
® rust € om pan jjt
NEW Y O R K ,

„
Premium.
S eason good & M ayer, C in cin . $5,050 00
D u n scom b & Jen n ison . N. Y .. 3,500 CO
D en ison , P rio r & Co., C le v e ... 2,^85 00
E. H . G ay & Co., B o s t o n ......... 1.00) 00
111. T ru st & Sav. B k.. C h ic___
750 00
N. V. Secu rity & T ru st Co . ...
Par
City Sinkinv Fund ($200,'>00) 14.000 00
F irst N at. B ank ($l0t',0 '0 ). . . 10,200 00
C arson, Craig & Co. ($40,000). 2,000 00

GENUINE
WELDED CHROME STEEL AND IRON
R ou n d and Flat Bars and 5-ply P la te s and A n gles
„
4 , F O R SA F E S , V A U L T S . &c.
Cannot be Sawed, Cut, o r d rilled , and po sitiv e ly
B u rglar P r o o f.

CHROM E

STEEL

W ORKS,

K ent A v e., Keap and H o o p e r Sts.,
Sole M an’ f'e r s in th e U. S.
B R O O K L Y N , N. Y .

D E T E R M IN IN G T H E F IN A N C IA L R E .
8 P O N S IB 1 L IT Y O F T H E F IR M W IT H
W H IC H YO U D E A L IS A S IM P O R T A N T
A S S E L E C T IN G T H E R I G H T S T O C K S .
P riv a te w ires t o B o sto n , P h ila d elp h ia and Chicago
B r a n c h O ffice , 1 1 3 2 B r o a d w a y , N e w Y o r k .

Fred. M. Smith,
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