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1
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ptianrml
omntfiti^
Quotation -Supplement
5treet.Railwaij<Supplement
(MoniMy)
Investors Supplement (Q«arieriy)
State an(f CiU/
{Kntered according to Act of Oongress, In the year 1900, by the WiLLiku B.
VOL
Supplement (jamAMHtj^
Daha Oompant, In the office
SATURDAY, MAY
70
of the Librarian of Oongresa.]
NO.
26, 1900.
Week ending May
Clearings
1900.
For One Year
For Six Months
European Subscription (including postage)
Earopean Subscription Six Months (including postage)
$10 00
6 00
13 00
7 50
Ajinual Subscription in London (including postage)
Six Mos.
do.
do.
do.
Above subscription includes—
£2 148.
£1118.
Street Railwat Supplement
State and City Supplement
Terms of Adyertisiug—(Per Inch Space.)
Transient matter
$4 20 Three Months (13 times) .$29 00
"
STANDING BUSINESS CARDS.
Six Months
(26
).. 50 00
" ).. 87 00
Two Months
(8 times).. 22 00 Twelve Months (52
The Quotation Supplement
Thb Investors' Supplement
New York
Buflalo
Washington
Albany
Rochester
Syracuse
Scranton
Wilmington
|
Bingham ton
London Agents:
1,'^05,702
394„'<00
Total Middle...
WIIililAm B. DANA COMPANY, Publishers,
Plue Street, Corner of Pearl Street,
Post Office Box 958.
NEW YORK.
New Haven
Springfield
Portland
Pall River
New
Bedford....
Total New Bng.
Chicago
Cincinnati
Detroit
,
,
Cleveland
,
...,
Columbus
CLEARING HOUSE RETURNS.
Indianapolis
Peoria
Toledo
TLe following table, made up by telegraph, etc., indicates Grand Rapids
Dayton
that the total bank clearings of all the clearing houses of the EvansvlUe
Youngstown
United States for the week ending to-day, May 26, have Springfleld, 111
Lexington
been $1,586,004,431, against $1,649,831,605 last vreek and Akron
$1,871,020,498 the corresponding
week
,
,
Springfield, Ohio..,
Retwrns by Telegraph,
New York
Philadelphia
Baltimore
Chicago
St. Louis
New Orleans
other
cities,
cities,
Total
5 days
,
6 days
all cities,
All cities, 1
1900.
$802,956,281
91,252,617
77,861,679
Boston
Seven
Canton
Week Ending Mny 26.
6 days
day
Total all cities for week..
1899.
P. Cent
$1,033,604,448
-22-2
106.506,149
-14 3
70,176,037
+10-9
-21-1
+2-1
15,059,880
19,235,942
106.445,247
101,219,896
26.004,467
25,218,437
-I-31
6,991,376
5,523,981
+26-6
11,126.564,377
194,298,946
$1,320,863,323
265,141,103
$1,556,004,431
$1,363,474,850
177,241,498
-17-4
|1,540,716,3»8
-14-3
-19-7
330,304,15(>
$1,871,020,498
-f-9-6
full details of clearings for
,
San Francisco
Lake City
Portland
Los Angeles
Seattle
Spokane
Tacoma
w...
Helena
Fargo
-16-3
135.955,(546
127.790.152
14,986,460
7,932,010
11,041,928
5.432,014
6,502,200
3,438,847
1,736,442
2,021.301
1,402.669
958,311
319,1801
424,843
442,750
415,700!
536,272
337,983
408.878,
242,260
287,214.
187,879;
Omaha
Paul
Denver
Joseph
Des Moines
Davenport
Sioux City
Wichita
Fremont,
Hastings
+181
—7-2
-(-149
-f30l
+2-71
St.
Louis
New
Orleans
Galveston
Houston
Savannah
Richmond
Memphis
Atlanta
-1-8 9i
+13-7,
779,797
346.500
—16 51
-15 2;
87,j,iee,861
-52
-1-09
-22-6
-sve
-14-6
—21-6
768,485
670.269,
541,731
-16 2
109,842.283
83.870,157
12,596,160
5,484,223
5.654,411
4.049,671
-t-870
—1-4!
712.033
-l-l-O
985,943!
+4-4
—4-6
+2S-6
-I-0-5:
-l-15-4i
-(-23-7,
-(-5-7l
-1-12 8;
286,565!
286,571
340.370
233,151
139,326
-1-23
1.482.827,
1.539.806,
2,000,392'
1,321.599
John
—
Vancouver
St.
Total Canada
323,5481
271,245
197,083
2
-l-7-oI
14.871.454,'
-H5*8
1,227,490;
906.498
1,009,162
652.955
210.746
-0 9
:-t-To
-I-8-2I
123.470,841
12,017.007
1,357.861
l,3fi8,323
1,151,014
561,009
f30,6«9
!
590 934
481.788
430,000
125,816
41,680
j
12.427 550
8,290.166
-1-20-4.
-1-12-4
6,309.193,
4 833.8811
3,781,711!
4,500,000
4.4SO.450,
4.544.168
2.961.897
3,952.601
1,474,370
768.375
-1-42 4,
-f6-1,
-1-27-71
-J-26-7
-1-23 2
-17,
-1-28-4
9'?4.459
696.9f>6
+28-6
534 536
-KO
80.550
121.374
+11-1
+277
40,717,450
33,498.767
7.484.347
7.a32,929
2,270.100
2.456,711
2.004.498
3.009.497
1.965,547
1,291.148
1,879,714
1,026,659,
649 831.605; 1, 872.310,991
642 968,126 627,018.031
15,821.294!
9,090.342
1.923.767
1,179.667
730.941'
672,148
531,312
780.933;
30 290 304
295,037
233,200
273,710
229,820
204.077
138,208
178.884
1,818,971
1,997,801
86 096
-1-187-0
14,965,946
9,319,U14
81.648.766
166.668.9441
-1-13
-j-18-5
-1-26 01
-l-4a-4,
-1-17-3
68.313,167,
Victoria
719,872
-l-.34-8
-fl5*7|
1,316,507
76B.455
693.906
702,436
856,240
l,42-f.211
276.071
—288
29,356.436;
2.409,41
3,631, 6C0
2,249,419
1,876.722
5'.6.3e9
+39-9;
867.200
637.647
255,670
56.709
15 208.193
9803,618!
634,761.366
95,375,579
5,154.4C0
2,170,837
1,251,041
1,246.923
1,375,461
1,?44,977
770,127
636,166
416.728
117,247,794!
12,688,850,
6.404,027
6,959.500
5.146,714
5,125,000]
8,057,072
1,807,071
3,149.764:
916.2471
-|-2T7i
1,017.705,
49.044.070j
1.878,486
1
7
+59-4J
19.003.431
2.192,155
1
4,386,«!i4
111,853,311!
293,46«i
73,776.958{
Montreal
Toronto
Winnipeg
Halifax
Hamilton
1,400,991
-2651
-41-6
-25-3
836,663
277,095
528.838
607,384
806.729
632 196
427.000
402.269
378.693
219.28 8
.
95.897.892
5.262.900
2,385,451
1,595,079
1.337,788
1,501,725
284.679
293,600
374.594
883.658
607,811
1,118,427
718.799
436,000
422.695
600,000
232.162
JacksonvilleTotal Southern.
Total all
Outside N. York..
1.584,987
962,625
742,873
6e5,?60
839,300
-H2 2
-1-12
Augusta
Chattanooga
1,629,273
1,234.875
923,320
.369.000
1,669,443'
1,477,.S09
Birmingham
Macon
Little Bock
538.402,850
59,979,e»8
14,982,601
12.812.222
—18-6
-0-8
-1-6
Nashville
Norfolk
Knoxvllle
Fort Worth
766,409,491
70,178,797
17,117,80>
18,236.822
4.317,546
2,094,135
948,915
392.192
428.049
450.059
21,473,864
2,607,027
1,867,328
2,300,515
2,316,606
1,309,344
33,191.901
8,825,002
8.383.673
2,672,000
2.759.758
2.906.898
2,i 07.871
8,473,848
1,539,702
Louisville
1897.
-1-191
|
Tot. other West.
1898.
|
1,816,533
755.687
I.l99,f33
767,377:
660.272;
89,524
155.000;
Topeka
14.360,850;
8,317,1361
8.9S0.413
5.404,078
4,769,800!
2.778,945
1.642.768
1,792,528!
1,104,953
1,028.103
183,121,5061
33.975.980
Minneapolis
-19-1
+3-1
-I-6-4
194,819,465!
169,fi691
Kansas City
St.
160,666,678'
646,884
276,838
Sioux Falls
Total Paciflo
St.
the week covered by the
above statement will be given next Saturday. We cannot,
of course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated as we go to press Friday night.
We present below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, May 19, and the results for the corresponding week in 1899, 1898 and 1897 are also given. In
comparison with the preceding week there is an increase
in the aggregate
exchanges of two million dollars,
the gain at New York being eleven millions.
Contrasted with the
week of 1899 the total for the
whole country shows a decline of 11"9 per cent. Compared with the week of 1898 the current returns record
a gain of 29-4 per cent, and the excess over 1897 is 70*0
per cent. Outside of New York the increase over 1899 is 2-5
per cent. The excess over 1898 reaches 24-0 per cent, and
making comparison with 1897 the gain is seen to be 48-0 p. c.
The
Jacksonville, 111...,
Tot. Mid. West'n.
Salt
19.
i
127,743,219
i
Rockford
Clearings.
__
1,008.688,
Kalamazoo
Saginaw
of last year.
1,634.023
1,841,582
1,496.596
1,332.654
914.753
855,177
475,295
672,883
499,397
355,734
Lowell
Milwaukee.
884,180
868,400
1,401236,7541
132.780,964
6.910.700
2.401,984
1,170,471,918
112.6r8,644
6,673,100
2,228,000
1,265.002
1,219,703
1,278,430
1,044,316
Boston
Providence
Hartford
Worcester
&
Smith, 1 Drapers' Gardens, E. C, will take subMessrs. Edwards
scriptions and advertisements, and supply single copies of the paper
at Is. each.
1900
P. Cent.
18U9.
1.006,863,479 1,245,292.960
93.2«3,905
90.417.321
31.375,712
26,567,224
21,232.297
22.873,361
5,763,919
5,015,297
2,609.442
2.5.'14,945
3,292,]r;
8.201.949
2,254,650
1.8H3,8I8
1,302,09?
1,160,133
1,115,30:
1,024,172
Philadelphia
Pittsburg
Baltimore
|
.
182:?.
at—
PUBLISHED WEEKLY.
Terms of Subscription — Payable in Adrance:
<§a<nmiBf)
+17-8
+7-01
+17-7
+13-8
-l-46"0
-8-4
+25 9
+19 2,
-1-210;
9
+57-7
+0l!
+38-6|
+155
+2-1
-t-BO
+58 4!
+5 9
!
-1-8-2;
-ll'Q
+2 5
-3-9i
+58
1
-1.361,400
10.2S6.410
5.951,931
3.976.300
2.'!62.008
8,393.148
1,242,129
607.077
757.104
658.990
648.244
104.583
123,277
,
17,687,678
11.852,308
7,204.248
4.465,106
3,804,680
3,624,816
1,143,413
1,007,867
487.866
566,787
130.698
429,468
60.164
71,748
|
+20-4;
-0 9
-1-43
23,575.096i
1
+11-6,
— 11-7|
41 818.596
27,582.610
7.287,142
6.445.916
2.028.500
2.290,146
1.817.057
8,138,723
1,844.688
1,146,552;
1,056.156;
951,138;
606,485'
509,950
904.588
466.345
414,000
277.773
397.204
199.301
68,819,268}
,274.799.388
1
518.390.897
12.797.403
7.787.3531
2.123.809
1.344.140
693.299
615,681
83.138,187
24.638.884
5,860,810
6,3SS.958
8,070,850
2,109,415
1,733.928
2 027,955
1,42M.689
1,155,233
916,455
866.205
503,237
411,438
520.188
852,563
457,000
250.000
975 000
199.141
52,121,876
970.821 130
434.418 18u
11,897 260
7,273.198
1,214,095
1,047,275
594442
604.992
+32*3
+9 6
-l-4-5i
25 263 6861
82.e3l..»W
THE CHRONICLE.
lOlH
[Vol.
LXX.
the earnings of the Fall Brook system being included
THE FI\ANCIAL SITUATION.
Prominent among the new incidents of the week
bearing upon "Wall Street affairs has been the failure
McCormick & Co. The house endeavored
to corner cotton and came to grief, like so many others who have from time to time engaged in a similar
They
effort in some one of our industrial markets.
all seem to forget that as the price of a commodity
of Price,
Cotton at 9
cents draws to market many a bale that would never
have been added to the supply at a lower price. On
the other hand, it may be demonstrated that producers of goods must purchase all the raw material in sight
So
of a certain kind before a new crop can come in.
they must, perhaps, if consumption continued on the
same high scale maintained in previous months. But
rises the statistical situation
changes.
never does meet the speculator's expectations in
that particular; the bird he was sure he saw in the
bush never gets to be the bird in the hand. The only
strange fact about the whole affair is that the same
experience has to be repeated every few years. This
it
failure
had very
trifling
1900 but not having been included in 1899. The
incorporation of an additional road means of course
also an addition to charges, and hence it is only when
we have the final result, after the deduction of all expenses and charges, tfiat we can know the exact situation.
The quarterly return enlightens us in this
last particular.
The reader knows that the Central
is now paying quarterly dividends of 1^ per cent, as
against only 1 per cent before, the stock having been
raised from a 4-per-cent to a 5-per-cent basis. Hence,
perhaps the best way of indicating the extent of the
improvement in results is to say that after allowing
for the li per cent dividend (calling for $1,250,000),
there is a surplus of $143,515 in 1900, as against a
surplus of only t7 1,093 in the same quarter of 1899,
after deducting the 1 per cent dividend calling for
in
$1,000,000.
These figures cover only the operations for a single
quarter.
The comparison becomes a great deal more
striking
months
influence on the Stock Ex- months
we consider the accounts for the nine
the fiscal year to March 31. In these nine
1899- L900 the company has paid dividends
if
of
of
aggregating Z^ per cent and requiring $3,500,000, which
compares with 3 per cent dividends paid in 1898-99
change market.
A notable
But there is a surplus of
event of a different character was the and calling for $3,000,000.
turning over on Thursday by the Eeceiver, Hugh J. $3,901,665 over and above the enlarged dividends
Grant, of the Third Avenue Street Railroad to the for the current fiscal year, as against a similar
of
only
$1,213,056 above the smaller
Metropolitan Road. It is easy enough to-day, in the surplus
light of the result that has been reached, to give but
dividends
of
the
previous
fiscal
year.
The
importance to the foresight and judgment $2,901,665 surplus for 1899-1900 would have paid athat have made the change possible which is signalized further dividend of almost 3 per cent in addition to
by this transfer. Few fail to remember the straits the 3^ per cent actually paid. In other words, thus
this property was in.
So low had it fallen and so far in the fiscal year, with the results of another thre&
tangled were its finances that it was for months months to be included before the year will be comhawktd about the Street in a vain search plete, the company has earned nearly 6^ per cent
This is on the old amount of the
for a banker or a syndicate of bankers that was will- on the stock.
The capital has
ing to run the risk of furnishing the money for tak- stock, namely 100 million dollars.
ing hold of its reorganization and bringing it into the now been increased to 115 millions to provide new
ranks of a going concern again. We only mention rolling stock to take care of the enlarged volume of
But even on the augmented stock the balthis feature of the affair because now that it has all business.
been done, that the 35 million- dollar loan has been ance available for dividends for the nine months
floated and enough of the proceeds deposited in the equals over 5^ per cent.
Bank of Commerce to the credit of the Morton Trust
There is one other fact always to ba borne in mind
Company to pay the floating debt, mechanic's lien, &c., with reference to the affairs of the New York Central,,
and the old cripple is on its feet again enabled to and that is the possibility of a larger return being remake sufficient money to meet its engagements now ceived on the company's holdings of Lake Shore &
that this has all been accomplished, and the diSicul- Michigan Southern stock. At present the Lake Shore
ties of lifting the company out of its wretched sur- is pajing 7 per cent on its stock, but earning much
roundings have been overcome, it is well to remember more.
Up to this time it has not been conthat it was a rescue especially creditable to those who sidered prudent to give the shareholders a higher reundertook the work and also to all who have had a turn, owing to the very large expenditures being
concern in it. Success, of course, means that the made out of earnings for new equipment, new track,
undertaking has been profitable. But why should and other additions and improvements.
In the
paid
that result be criticised or regretted by any one? The calendar
year
dividends
1899, while the
important fact is that a great loss has been averted.
were 7 per cent, the amount earned for the
10"22 per
cent,
and this
after
was
stock
The appearance of the New York Central report providing for extraordinary expenditures for new
for the March quarter and for the nine months of the equipment, &c., of $2,099,890.
This invests with
company's fiscal year since the 1st of last July directs especial interest the Lake Shore's return for the
attention anew to the improvement which is taking quarter ending March 31 1900, showing a further and
place in this company's results.
From the monthly re- very pronounced increase in earnings and surplus durturns of course it has been evident that the road was ing the present year. For this quarter in 1900 the Lake
doing much better than a year ago, but these returns Score's gross was $6,421,219, as against only *5,340,are not conclusive as to the final result.
In the first 082, and the net $2,591,225, against $1,943,254. The
place they deal only with the gross receipts and do not surplus above charges is almost seven hundred thoushow the net earnings, and in the second place compari- sand dollars larger than for the th ee months of 1899,
As the New
sons are in a measure disturbed by the fact that the being $1,736,225 against $1,058,254.
figures are based on a larger mileage the present year, Central owns between 45 and 46 millions of Lake
trifling
—
May
26, 1900.]
THE CHRONICLE.
1017
Shore stock, an increase of about 2^ per cent in the was claimed that by suspending refundiug operadividend on the latter would be needed to equal 1 per tions the price of the bonds would rule at
cent on the Central's stock of 115 million dollars.
normal figures and, moreover, opportunity would be
offered the Department, should such a course seem
From present indications the net earnings of United desirable, to purchase at leasb a portion of the reStates railroads for the month of April -will make mainder of the refundable bonds for the sinking
hardly less favorable comparisons than those for the fund.
Applications for the exchange of these bonds
months preceding. It is yet a little too early to speak were somewhat stimulated by the publication of the
with positiveness on this point, as very few of the re- above- noted statement, and the amount of applicaturns have thus far been received; but those that have tions reported as having been received at the Treascome to. hand seem to bear out this conclusion. The ury Department up to the close of business on Thursmatter is of importance chiefly because of the uncer- day was $280,316,200, of which $220,045,200 were
tainty felt as to the course of expenses, owing to the from banks and $60,271,000 from other sources.
higher prices which the railroads are obliged to pay for The amount paid for premiums on refunded bonds
so many items en'ering into their operating accounts. thus far is about $28,000,000.
The Baltimore & hio is a large system which has already
furnished its April figures. Including the operations
Money on call, representing bankers' balances, has
of the Baltimore & Ohio Southwestern, a gain is re- loaned at the Stock Exchange during the week at 2^
ported for the month of $503,396 in gross and a gain per cent and at 1^ per cent, averaging about 2 per
The statement of the Pittsburg cent. On Monday transactions were at 2^ per cent
of $295,954 in net.
Cincinnati Chicago & St. Louis, which forms part of and at 2 per cent, with the majority at 2 per cent.
the Western lines of the Pennsylvania Eailroa<!, has On Tuesday loans were at 2 per cent and at If per
also come to hand for April.
It shows an increase of cent, with the bulk of the business at 2 per cent.
On
1179,412 in grosj and of 128,363 in net. From the an- Wednesday and on Thursday transactions were at 2
thracite coal fields we have the return of the Central per cent and at
1^ per cent, with the maOn Friday loans were at
of New Jersey, recording an improvement of 194,607 jority at 2 per cent.
and
at 1| per cent, with the bulk of the
in gross and of $62,247 in net.
2 per cent
business at If per cent.
Banks and trust companies
The Bank of England minimum rate of discount quote 2 per cent as the minimum. Time contracts
was reduced on Thursday to 3^ per cent from 4 per are now freely offered for all periods, even to the end
cent, at which it had stood since January 25, and on of the year, but the demand is only moderate.
Eates
Friday the Bank of France reduced its official rate of are quoted at 3 per cent for ninety days to four
some transactions at this rate,
discount from 3^ per cent, at which it had stood since months, with
January 25, to 3 per cent. The statement of the New and at 3i@4 per cent for five months or
York Associated Banks last week showed an increase for longer periods, with some loans at the
of $1,566,000 cash, of which $1,138,400 was in specie first-named rate of 3^ per cent for six months.
and $i27,600 was in legal tenders, notwithstanding These quotations, however, are for loans on good
the loss of $3,197,778 59 through gold exports to mixed Stock Exchange collateral. Where the security
Paris.
The loans were increased only $743,300, while consists of an admixture of from 25 to 30 per cent of
the augmentation of deposits was $1,374,000. The good industrial stocks, the rate is 4 per cent for four to
six months.
The supply of commercial paper is only
surplus reserve was increased by $1,222,500, to $16,
As was announced in this column last week, moderate, while the demand is good, and were the
555,225.
the Secretary of the Treasury has called for re- offerings larger business would be correspondingly
demption August 18 the outstanding $25,364,500 2 great. Kates are 3|@3f per cent for sixty to ninety
per cent bonds which were continued at this rate of day endorsed bills receivable, 3f@4|- per cent for
interest from September 1 1891, having previously prime and 6@6 per cent for good four to six months
borne 4^ per cent interest. Of these bonds $16,200,- single names.
250 were on May 18 held by the banks as security for
The British forces in South Africa have made some
circulation
and $3,440,000 to secure public deOn
further
progress during the week, encountering comparotherwise held.
posits,
leaving
$5,724,250
issued
for atively slight opposition from the Boers. The relief of
May 22
Secretary
a
call
the
amount of public money Mafekin^ was announced in this column last week. It
the
of
15,000,000
on deposit with the designated depositories, ap- appearf'xrom later advices that the relief was effected
by a force despatched by General Roberts as
portioning this amount and likewise that which may May
subsequently be required to pay for the extended 2 per early as May 12. As above noted, the Bank of Engcents pro rata among those banks which hold $50,000 land minimum rate of discount was reduced on Thursor over.
We give the text of the call to-day on a day to 3^ per cent, and the Bank of France resubsequent page. On May 23 the Treasury Depart- duced its minimum tate of discount on Friday from
ment announced that interest due June 1 on the ex- 3^ per cent to 3 per cent. The cable reports discounts
tended 2 per cents would be paid in advance of ma- of sixty to ninety-day bank bills in London as low
The open market rate at Paris
turity, and checks for the interest were promptly as 2^@3 per cent.
mailed to holders of these bonds. It was then cur- is 3 per cent and at Berlin and Frankfort it is
rently reported that the Secretary had in contempla- 4f per cent.
According to our special cable from
tion the suspension, after due notice, of refunding London the Bank of England gained £179,242 bullion
operations under the Act of March 14, it being ob- during the week and heldr£33,510,662 at the close of
served that, apparently through speculative manipu- the week.
Our correspondent further advises us that
lation of the market, the price of the refundable the gain was due to the import of £510,000 (of which
bonds had been undulv ad.vanced, thus tend- £500,000 was gold recently withdrawn for shipment
ing to retard
It to India and re- deposited in bank this week, £5,000
the progress of refunding.
p
.
..
.
...
/*!
THE CHRONICLE.
1018
LXX.
[Vol.
imported from Malta and £5,000 from Portugal), to banks 4 84|@4 84^ and documents for payment
Cotton for payment 4 83f @4 84 ; cotshipments of £131,000 net to the interior of G-reat 4 83|@4 84f
for
ton for acceptance 4 84i@4 84^ and grain
Britain and £200,000 exported to the Cape.
.
.
payment 4 84i@4
foreign exchange market continues dull and
almost devoid of feature. Bankers report that there are
84f.
The
The following gives the week's movements of
money to and from the interior by New York
no bills and no business. This, however, may be regarded as somewhat of an extravagant expression. banks.
While there may be a very limited amount of bills, it
Net Inttrior
BecHvedby Shipped, by
Wuk Endino May 25, 1900.
Movement.
N. T. Banks. N. T. Banks.
is evident from even the slight fluctuations that there
Gain. (4,039,000
17.697,000
<3.659,000
Currency.
is some trading, and with the large volume of exports
646,000
Gain.
994,000
348.000
Oold
there must be a corresponding amount of commercial
•8.691,000
$4,204,000
Gain. 14.387.000
Total gold and legal tenders.
Still, the market is remarkably inactive, as is
bills.
With the Sub-Treasury operations and gold exports
evident from the slight changes in rates. The reduc
the result is as follows:
tion in the Bank of England minimum on Thursday
had little apparent influence upon rates for actual
Out of
Net Change in
Into
Wuk Ending May 28. 1900.
business, for the reason that almost
conform to the open market discount figures in London. Some of the bankers, however, reduced the posted rates for short sterling half
a cent. There was only one shipment of gold this
week and this was by Lazard Freres, who forward ed
$1,257,133 87 to Paris, of which $857,133 87 consisted of
gold bars and $400,000 of American gold coin obtained
by them from San Francisco. The consignment forwarded by Goldman, Sachs & Co. last week amounted
to $853,156 58, instead of to $820,810 72, as was then
Banks interior moveiyient, as above
aub-Treas. oper. and gold exports.
reported, the difference, $32,345 86, representing gold
Enssia
Atl8.-Hung'yt
Spain
rates are adjusted to
which they report had been deposited by them
at the Assay Oflice and withdrawn therefrom for this
shipment. Including this consignment and also the
amount forwarded by Lazard Freres this week, as
above, makes the total shipment of gold since April
Gold received at the
26, inclusive, $10,522,375 13.
during
the
Custom House
week $23,593. The Assay
bars,
Office paid $734,263 36 for domestic bullion.
Nominal rates for exchange were 4 85^ for sixtyday and 4 89 for sight until Thursday, when some of
the drawers posted 4 88^ for the latter, making the
Rates for actual business opened
range 4 88^ @4 89.
on Monday unchanged compared with those at the
close on Friday of last week, at 4 84f @4 85 for long,
4 87|@4 88 for short and 4 88i@4 88f for cables.
The tone was dull and firm for long and easy for
short, and it so continued, without change in rates,
until Wednesday, when there was a reduction of onequarter of a cent for short and for cables, to 4 87|@
4 87f for the former and to 4 88i@4 88^ for the latter, long sterling remaining unchanged.
There was
no alteration in the rates on Thursday. The tone
then was dull and a shade firmer. The market was
quiet and easier on Friday.
The following shows
daily posted rates for exchange by some of the leading
drawers.
DAILT POSTED RATES FOB FOBEIOM BXOHANOB.
FBI.,
May
Brown Bro8
(
Sight...
<
60 days
}
Sight..
4 89
{f.^r^^-
Barinst,
Magoun & Co..
Bank BrltlBh
No. America,
J
60 days.
4
4
4
4
4
.
.
Bank of
.
18.
89
r9«
85J<
i^
89
.
.
Merchants' Bk.
of Canada
«
60 days.
4 86H)
(
Sight...
4
4
4
4
4
(
60 days
?
Sight....
TUI8.,
May
22.
WED..
May
23.
89
24.
89
^
89
88>4
15^
89
§5«
89
FBI.
May
25.
86«
S8H
iS«
S6H
r9«
il«
iE«
i^
ia«
il«
85«
89
r»^
89
89
^^
85^
89
i^
85«
86H
89
89
88H
85^
88H
8S^
89
89
85)^
89
85
89
Thuk..
May
86^
85«
486
Montreal
(Sight..
489
Canadian Bank J 60 days. 4 86^
4 89
of Commerce. I Sight...
L..ardFrereB...||?,^,-f-.
ai.
89V<
(60 days.
Heldelbach, Ickelbelmer A Co.
MON.,
May
The market
uti
8fiM
89
85 J<
88Ji
88«
88X
88^
86^
88«
89
closed easy on Friday with rates for
actual business 4 84|@4 85 for long, 4 87J@4 87f for
short and
4 88 @4 88i for cables.
Banks.
Banks.
invariably these
Total gold and legal tenders.
The
May
Bank
$8,591,0 DO
$4,204,000
18.300.000
18.600,000
Gain. $4,887,000
Loss.
300,000
$26,891,000
$22,804,000
Gain. $4,087,000
following table indicates the
principal European banks.
In trfe
Bcuik Holdings.
amount
May 25,
24, 1900.
of bullion
1899.
of
Oold.
Silver.
TotdL
Oold.
£
s,
£
Bngland
Wiaace
Germany
Italy
Netherlands..
Nat.Belg'm...
Silver.
Total.
£
33.610,662 29,717.471
29,717.471
80,142,616 45,793,288 126.935,904 73,823,982 48,688,151 122,112,133
27,845,000 14,345,000 42,190,000 30,666,000 15,797.000 46,463,000
83,868,000 7,934,000 91,802,000 96,098,000 5.113,000 101,211,000
87,846,000 9,217,000 47,063,000 30,020,000 10,505,000 40,625,000
13,689,000 15,836,000 29,525,000 11,859,000 12.818,000 24,677,000
15,448,000 1,613,000 17.091,000 15,419,000 2,543,000 17,982,000
3,835,000 6.770,000 10,605.000
4,876,000 6,994,000 10,869.000
8,907,000 1,454,000
4,861,000
3.085,000 1,542,000
4.627,000
83,610,662
Tot.tbl8 week 800.131,278 102216288 402,347.668|294,228,453 103676151 397,899,604
Tot. nrev. w'kl298.877.099 101606105 400.483,254 298.058.295l 102952361 396,01 0.656
•
The Austro-Hungarlan Bank Statement is now Issued in Kronen and Heller Instead of Gulden and Kreutzer. The reduction of the former currency to
sterling £ was by considering the Gulden to have the value of 60 cents. Ai
+
the Krone has really no greater value than 20 cents, our cable correspondent in
London, In order to redufje Kronen to £, has altered the basis of conversion by
dividing the amount of Kronen by 24 instead of 20.
TRUSTS AND THE CONSTITUTION.
The advent of a Presidential campaign in which
the "trust question" was sure to be flung into the
made
extremely probable that new
and somewhat drastic measures would be proposed for
restraining or impeding the spread of industrial combinations.
It is perhaps for this reason that the
amendment to the United States Constitution proposed in Congress for that purpose has attracted little
public notice.
This measure, which formally grants
to Congress the power of dealing with the trusts, has
as yet advanced only two stages towards enactment.
It has not been voted on by either House of Congress,
but it has been introduced, referred to the Judiciary
Committee of the House and reported by that committee in a somewhat modified form. It is impossible
to say whether the plan commends itself to the required two-thirds of the membership of both Houses
political
arena
it
and equally impossible
to
guess whether, in case
of
such confirmation, the amendment would be ratified,
as required in the Constitution, by legislatures or popular conventions in three- fourths of the State?.
Our own belief is that even the passage of the
measure by Congress is in a high degree improbable.
Two-thirds of the full legal membership of the
Senate would be 60; of the House, 238. The majority
party, by one of whose members the amendment was
proposed,
has
a
representation
the Senate and 186 in the House.
of
only
51
in
In order, therethe proposed amendment
fore, even
to submit
Commercial on to the States, the majority party would have to thro\<
May
THE CHRONICLE.
26, 1900.]
1019
it, and in adbe suppressed, what assurance have we that Congress
draw to its support from the opposition party can be depended upon to find the remedy ? The
It may, perhaps, minority report points out rather pertinently that if
9 Senators and 52 Representatives.
be suggested that, since opposition to the trusts is a the law " gives Congress full control over trusts and
favorite plank in plans for the year's politics, party deprives the States of control, then the trust has but
lines will be ignored in voting on such a measure. to control Congress."
We do not hastily subscribe to
But even the limited proceedings already taken on the belief that Congress could be controlled by such
the amendment show this view to be mistaken. The organizations; but we are very certain that if the very
report of the Judiciary Committee recommending the existence of a dozen powerful corporations were menanti- trust amendment to the Constitution was signed aced by action of a single Congress, an era of almost
only by the Republican Committeemen. All of the unprecedented lobbying and jobbery would be at
seven Democrats on the Committee dissented from the hand.
majority report, and expressed in formal shape their
But let us suppose that Congress were disposed to
its
entire Congressional vote in favor of
dition
entire objection
to
amendment giving
the policy of a Constitutional
control of the trusts to Congress.
act without prejudice or bias.
The
explicit granting
power to Congress by extraordinary legislaWithout for the moment concerning ourselves with tion would be tantamount to an instruction by the
the Committee's arguments pro or con, it must be ad- people for Congress to exercise the power. It is
mitted that this straight line of cleavage on a basis of therefore necessary to inquire, first, whether the evils
partisan affiliations gives little reason to expect that alleged exist; second, whether a safe and feasible
Congress will vote to submit the amendment to the plan for correcting them could be found by Congress,
Since, however, the measure now bears the and, third, whether the Committee's majority is right
States.
formal endorsement of the Judiciary Committee, it in concluding that there is no other recourse. For
is proper to review it.
if the evils do not exist, it is folly to amend the ConThe proposed amendment, which would be Article stitution for the purpose of correcting them. If no
xvi. of the Constitution, contains the following pro- safe plan for such correction would be open to Convisions
gress, then the remedy would be more dangerous than
If, finally, there are already open other
Section 1.—All powers conferred by this article shall ex- the disease.
tend to the several States, the Territories, the District of Comeans for dealing with the evils, then the proposed
lumbia and all territory under the sovereignty and subject to
amendment would be superfluous, if not mischievous.
the jurisdiction of the United States.
of this
:
Section
—Congress
shall have power to define, reguprohibit or dissolve trusts, monopolies or combinations, whether existing in the form of a corporation or
otherwise.
The several States may continue to exercise
such power in any manner not in conflict with the laws of
the United States.
2.
late, control,
Section
3.
—Congress
provisions of this article
shall have power to enforce
by appropriate legislation.
the
our opinion that the evils alleged are grossly
exaggerated by the Committee. The best economic
ju3gment of the country has pronounced that the socalled "trust system" is an inevitable outgrowth of
It is
the period and that
possible factors
development contains as many
good as of bad. In common
its
of
The nature of the change proposed in the Constitu- with these conservative economists, we question the
tional amendment is set forth in the report of the propriety of lumping together the "so-called trusts"
formed for improper purposes and
detrimental to the prosperity of the people." These
are very serious allegations and require specific proof.
But not a word of proof, beyond general affirmation
and citation of general principles, is produced.
This being true, what are we to expect from Con-
This majority report declares
that ^'the existence of monopolies and of combinations, or so-called trusts, formed for improper purposes, purposes detrimental to the prosperity of the
people, is generally conceded," and that the Supreme
Court has decided Congress to be "without Constitutional power to repress them or to regulate or
control them" except as to the carrying on of
as organizations
commerce. Manufacture and inter- State
commerce, the report proceeds, are so intimately
connected that "if it was wise and beneficial to
give Congress power over inter-State commerce, it
is unwise and detrimental to deny it power over manufacture and production." The several States, it is
further argued, "are powerless to enact any laws
loosely specified that
committee's majority.
inter- State
operative outside their respective
territorial
limits;"
and, since the laws differ in different States, "a monopoly, conspiracy, combination or trust forbidden
by the laws of one State may and frequently does exist in another."
It may then, by purchase or otherwise, acquire possession of all competing organizations;
"no State can exclude from
its
territory the
corporation of another State engaged in inter-State
commerce;" and hence a monopoly existing in one
may "carry
product into every State and
and market everywhere."
The first observation which we have to make on this
series of propositions is that it assumes the probability of Congress doing, and doing wisely, what it is
admitted a number of States have either refused to do
or have done unwisely.
Granting for the moment
that the so-called trusts are obnoxious and ought to
State
control the price
its
'
'
gress as a result of this Constitutional mandate.''
trust
is
nowhere defined in the amendment.
The
It
is
Congress shall define it but in
so doing an enormous power for mischief is at once
bestowed, since Congress may actually prohibit not
merely a "monopoly," the meaning of which term is
reasonably well understood, but "combinations,"
which, in their broader sense, have the widest and
;
most legitimate application in trade, and "trusts,"
whose title is already perverted from its proper legal
sense.
We submit that such vague and unrestricted
powers, such loose definitions, have no place in a constitution of government.
In strict accordance with
this Constitutional amendment. Congress might assume
the right to prohibit such a union of scattered railways
as built up the Pennsylvania system. It might dissolve
an association of separate telegraph lines, such as constitute the Western Union system.
Since Congress is
"
define
to
the
trust, monopoly or combination," and
since the amendment nowhere requires that the organization selected for proscription must be proved
obnoxious to the public welfare, it seems to us that
this proposed addition to our organic law not only
vastly extends the power of Congress for unjust legislation, but ties the hands of the courts from legitimate interference.
—
:
THE CHROmCLK
1020
we
If, finally,
are to agree with competent econo-
mists in asserting that the trusts have possibilities of
their discretion
would never be abused.
[Vol.
LXX,
Bat
as large
dividends have a tendency to attract depositors, many
officers are no more conservative than the widest view
of the law compels them to be.
It is for them, and
the
for
safety of the moneys of the wage earners they
becomes necessary to ask what
is the nature of the evil, and what remedy, if any,
exists without bestowing this wide and dangerous
power on Congress. The answer to this question is, hold, that the limitations are made.
that the three conceded evils which may arise are,
There is another general reason why in this case the
first, over-capitalization of such an enterprise; second,
more restricted view of the legislation is the right one
failure to find competent management for so large an to take.
Street railway bonds have nowhere until
good as well
as evil, it
undertaking;
and,
third, the artificial raising of very recently been included among savings banks inmonopoly. Over the first of these vestments or even used for investment in conservative
two possible evils Congress can obviously exercise no circles. They are a new thing in that line. We are
control.
The last-named possibility, mos' frequently therefore not permitted to doubt that the legislature
present in the minds of hostile legislators, finds its would be very clear and guarded in its wording of the
remedy, in nine cases out of ten, in the markets them- statute if its purpose was to select an untried class of
And if in a conceivable but highly improb- bonds for investment; and in construing those words
selves.
able emergency the market can actually be forestalled the courts would go no further than the evident inand cornered, without destroying the very trade tent of the Statute compelled them to go. "We do
sought by the combination, then we do not hesitate to not wish to be understood that many street railway
assert that recourse may be had to the common law, bonds would not prove trustworthy to-day.
There has
whose principles and precedents on this question are been a recent change in this respect in the character
abundantly sufficient. That the existing powers of the of the roads and in the character of their securities.
courts have not yet been invoked is, in our judgment, There are, though, even yet grades of danger or degrees
proof, not that the remedy is unobtainable, but that in the comparative safety they represent; and we canthe evil has either found its settlement automatically not conceive of a legislature with almost a total lack
ia the markets or is itself imaginary.
of experience on these points
the condition in 1895
giving a free hand to the trustees of savings banks
for the use of the funds, it is their object and duty to
BONDS
STREET
protect, in this almost untried class of bonds.
In our
HAMPSHIRE SAVINGS BANKS.
last State axd City SuppLEiiExx (issued the 14th
A Boston firm wrote us some weeks since asking of April) we set out the facts showing how wary the
whether, in our opinion, Xew Hampshire savings legislatures of States having largest savings bank inbanks could invest their deposits in street railroad terests to serve have been in approaching this new
After a brief line of investment. We cannot repeat all we said on
bonds of the State of New Hampshire.
study of the law, we answered the inquiry at consider- that occasion. One or two cases then cited may be
A bill was introable length, concluding that we were quite confident mentioned by way of illustration.
the statute conferred no authority to make such in- duced in the legislature of the State of Massachuvestments. A short time thereafter we received from setts a short time ago authorizing savings institutions
the same correspondents a copy of a letter written to invest their funds in street railroad bonds of street
to them by the Bank Commissioner of New Hampshire railways incorporated under the laws of that State
in reply to a letter from them similar to the one they whos3 roads were located wholly or in part in Massasent us, expressing an opinion contrary to the view we chusetts, and the bill failed of passage; today that
had taken. As the question is a public one and of State not only does not permit such investments, but
wide interest among dealers in street railroad bonds, prohibits them. Xew York and Connecticut also, in
we have thought it would be desirable to make a more legislating about investments in railroad bonds, spethorough examination of the statute and give our cifically except the bonds of street railroads. These
three States hold the first places in the country, measreaders the benefit of our investigation.
As savings banks are creations of the legislature, ured by the extent of their savings banks interests,
they have only the powers the organic law conf^^rs. their aggregate deposits reaching, according to the
"With reference to the investments such an institution latest returns, $1,579,817,893.
It will most likely be asked, in view of the foregocan make, there is not only this legal principle limit
left
with it in the ing suggestions what is the basis for the claim made
ing its authority to use the money
the ways specified in its charter or Act of incorpora- that the Legislature of New Hampshire has opened the
door 80 wide to the investment privilege as to let in
tion, but there is every reason growing out of the rela
tion of the bank to its depositors for courts to rigidly every street railroad bond issued in its own State by
restrict such use to the clearly-named securities. The every street railway whose net indebtedness at the
bank is merely the custodian of the savings of men of time of such investment does not exceed its capital
moderate means who have put their funds into it on stock actually paid in and unimpaired? The followthe faith of a conservative construction of its powers ing (Sub-division 11, Sec. I., Act of 1895,) is all the
To stretch by in- authority there is for the claim
in the employment of those funds.
terpretation the law so as to widen the field of investSection I. On and after July 1 1895 savings banks shall
ment to the utmost limit the words employed could make investments of their funds in the following classes of
prices through
—
RAILWAY
AND NEW
—
:
made
capable of meaning, does violence to the spirit
of a savings bank Act and to the confidence of the
people whose funds the bank holds as trustee. Indeed,
be
our best-managed institutions never run risks; the
legislature in cases of that kind might give the
*******
securities only
11th. In the bonds of corporations of this State whose net
indebtedness at the time of such investment does not exceed
its capital stock actaally paid in and remaining unimpaired:
but not exceeding five per cent of the deposits shall be so
invested.
Notice that the foregoing, if it has any reference to
power to use their discretion
in making investments and the confidence placed in street railroads, admits every bond of every such
trustees or directors full
—
May
26, 1900.]
THE CHHONICLK
021
whether a steam roads in New England, of the ordinary roads
first, second, third or later issue, and whether it em- outside of New England, and by a separate clause the
ploys horse or other power, provided only that the nc *'b nds or notes'^ of all roads in NewHtimpshire, haYeindebtedness does not exceed its capital stock actually been accepted under certain fixed conditio s as aDswpaid in. Bear in mind also that street roads have no able investments. Street railroad bonds have at the
fee in the right of way, they only have a franchise, same time in all cases been rejected, and as New
rails, rolling stock, and, when an electric road, per- Hampshire is mentioned by itself in the Ninth Sechaps a power house and depots; moreover, after a sav tion the street railway bonds of that State are not
ings bank gets these bonds, the road may incur al only in a general way, but specifically, rejected. In.
kinds of dtbt, to any amount, and default on it, have that shape the legislative plan reaches the 11th Subjudgments entered, and be sold out, and leave the sav- division, in which the word railroad or street railroad!
ings bank trustees with their bonds and nothing back does not appear at all. Suppose the Act stopped with,
of them and their poor depositors crying for their prin- the end of the 11th Section, could there be any quesNow the tion that railroads of neither kind were to be included
cipal, to say nothing about their interest.
Hampshire
Legislature
is made
in the terms of its last sub- division.
claim is that the New
If it can be
of such poor material, having so little judgment, to made to include either steam or street railroads it must
aay nothing about honesty, as to expose the savings include both, for neither is named. There is no argubank depositors in their State to these obvious risks ment that will make the words "in the bonds of the
by a piece of legislation which says nothing of the sort corporations of this State" cover street railroads that
and so conceals its object.
does not make it also cover the bonds of the ordinary
no
such
We have
opinion of the average Xew Hamp- roads. In other words, the claim that the 11th SubMoreover, other parts of the in- division includes street railway bonds can only be susshire law-maker.
vestment provisions passed in 1895 indicate very tained on the supposition that it includes the ordinarj
clearly that the idea of the Legislature was far more railroad bonds as well, and so travesties the 9th Secconservative; that the authority now sought to be at- tion so far as it applies to New Hampshire railroad
tached to Subdivision 11 never came within the corporations.
design of the Act, and what is more cannot be conSee, too, what a loose provision the 11th Section
strued into it.
Observe the two subdivisions (the would become, and how out of character in that respect
9th and 10th) immediately preceding the 11th, and with the rest of the Act, if the words in it "bo ads tf
note how unequivocally they withdraw street railroad corporations" had been made to include street railbonds of New Hampshire from among the permissible way bonds. In framing the sections with reference to
investments, and how completely they thus and other- the old steam railroad bonds, the Legislature has been
wise narrow down the subject matter intended for the careful to restrict the liberty of investment to bonds
11th Sub-division to manufacturing corporations and known the world over as first class. When it passes
road, whether mortgage or income, and
the like.
outside of the
****
Section 1 On and after July 1 1895 savings banks shall
make investments of their funds in the ^following classes of
properties
secniities only:
cent per
.
•
New England
roads,
it
requires the
includes for investment to have "earned
and paid regular dividends of not less than four per
it
annum on
its
capital stock
for the five years
next preceding such investment," and " said capital
bonds of any railroad company incorporated
under the authority of any of the New Eogland States whose stock on which it pays dividends must equal in amount
road is located wholly or in part in the same, and which is one-third of the entire bonded indebtedness of said
in poseeesion of and operating its own road, and has earned
road."
On the other hand were street railway
and paid regular dividends for the two years next preceding
euch investment, or in the bonds guaranteed or assumed by bonds held to be included within the provision of
such railroad company, of at.y railroad company so incorthe 11th Section, the only single requirement would
porated whose road is tuns located, or J7i </ie bonds or ntes
of any railrom.d company incorporated under the laws of this be that "their net indebtedness at the time of such
9tb. In the
State; but not exceeding twenty-five per cent
posits shall be so invested.
of the de
investment does not exceed its capital stock actually
paid in and remaining unimpaired ;" with only that
10th. In the bonds of any railroad incorporated under the
authority of any State outside of New England, which is in restriction the authority given would extend, as
possession of and operating its own road, and has earned and
already said, to income as well as to mortgage bonds, to
paid regular dividends of not less than four per cent per
annum on its capital stock for the five years next preceding a late issue as well as a first issue, to horse as well as
such investment, provided said capital stock on which it trolley
roads, to companies that had never paid a divpays dividends equals in amount one-third of the entire
idend
as
well as to those that had paid. Sec, &c. Could
bonded indebtedness of said road, or in the bonds of any cor
poration guaranteed or assumed by said railroad; but not there be more
positive proof that the Legislature did
exceeding twenty per cent of the deposits shall be so invested.
Street railrcads shall not be considered railroads not have in mind street railroads when it framed
within the meaning of this and the last preceding section.
the Eleventh Section ?
Obviously it was only manuAfter reading the foregoing the theory of the law facturing corporations' bonds and the like it was
becomes intelligible. We have put a clause in each providing for, a class of corporations that had facsection in italics that the reader may the more readily tories well equipped, also in many cases numerous
grasp the sense of the three sub-divisions the 9th, dwelling houses, besides other forms of valuable as10th and also the 11th, given further above. It will sets, while likewise paying large dividends on stocks
be seen that the 9th relates to bonds of all railroads altogether making thoir bonds in many cases as unin Xew England, with a separate clause dealing with questioned as governments.
New Hampshire roads specifically. The 10th has
But, we are asked, if the 11th Sub-division does
reference to railroads outside of New England, with a include bonds of street roads, what does the v<>'
sentence at the close defining the word railroad, as sub-division, the 12th Sub-division, of the-^
used in these two sub- divisions, by restricting it to the Are we to think the Legislature would
ordinary steam roads and excluding street roads.
street railway bonds in cities outside c
Thus far the provisions are plain. All railroads shire to be taken as savings bank inve
have been dealt with. The bonds of the ordinary have admitted bonds of roads within
—
-
;
:
THE CHRONICLE.
012
[Vol.
LXX.
These questions are not very hard to an- parts of our Federal j urisprudence, and gave to the
swer. The 13th Subdivision means just what it says; Federal courts full jurisdiction to hear and determine
moreover it explains the whole portion of the Act causes arising thereunder. This was a new j urisdicHere is the 12th tion. It stands to-day in full effect. Its establishwhich we have been discussing.
ment was the leading object proposed by the framers
Sub division in full
In this respect, certainly, the law is not
12th. In the bonds of street railway corporations located of the law.
Hampshire
?
cities of 50,000 inhabitants or more,
situated outside of New Hampshire, whose net indebtedness
at the time of such investment does not exceed its capital
stock actually paid in and remaining unimpaired, provided
such corporation has earned and paid regular dividends on
its capital stock for five years next preceding such investment; but not exceeding five per cent of the deposits shall
be so invested.
wholly or in part in
The needed explanation may be put in a nutshell.
Bear in mind the single fact that New Hampshire in
1895, when the Act was passed, did not prob-
nugatory.*'
As
what the law has accomplished, Mr. Walker
shows that before its enactment special rates were the
rule
to
;
now they
are the
**
exception.
Look
into the
evidence given to the Senate Committee in 1885 and
1886," he says, '* and see what a debauch of universal
private deals composed the then effective railway
tariffs.
On many
roads almost the only
tariffs
were
found in the private memoranda of the freight
ably have a single city of 50,000 inhabitants; that
agents
who arranged separate contracts with each
it has not got more than one, if that, to-day,
shipper." To correct this state of affairs the law did
and the reader will have the best of reasons
four things First, it forbade it (Sec. 2); second, it
why the Legislature made no provision for the street
estabThe Legislature in that year prescribed publicity of tariffs (Sec. 6), which
railroads of the State.
good lished a standard basis of rates known to all shippers,
figures
:
must have been made up of practical men
Judgment. They were engaged in the work
of
of
find-
and which section has been
at all times
scrupulously
observed by the roads ; third, it provided penalties
ing not risky but safe properties for savings bank infor violations (Sec. 10), a section which has not
vestments. They argued, while in that pursuit, that
worked very well because the corporations themselves
a city of fifty thousand inhabitants was the smallest
could not be prosecuted, and which should uncollection of people that could be depended upon to
doubtedly be amended in this and other respects
furnish uninterruptedly a paying business to a horse
fourth, it opened the door
for
injunction to
or trolley road. Hence, they confined the privilege
restrain
carriers
from charging
more to one
not only to centers of population having that number
shipper than to another. These four provisions of the
of inhabitants, but to the select few among them that
had "earned and paid regular dividends on their capi- law, Mr. Walker well says, have done a great deal in
the direction of suppressing unjust discrimination betal stock for five years next preceding such investtween shippers, so that the situation in this respect is
ment." The idea of the Act thus becomes homogeneinfinitely better than it was before the passage of the
ous; it has no equivocal or blind feature and is creditaThere are vast sections of the country, he notes,
law.
ble to the Legislature that perfected and passed it.
where discriminations of this character are never
heard of. No complaints of secret rate-cutting come
COM- from the Southern States, few such cases arise in New
INTER-STATE
OF ITS POWERS?
MISSION
England, in the Middle Slates, or west of the MisMr. Aldace F. Walker addressed a letter last month souri River. There are, moreover, many important
COMMERCE
HAS THE
BEEN SHORN
which move regularly
to the President of the League of National Associations of Milwaukee which has now been printed in
classes of traffic
pamphlet form, and which deserves extensive circulation. Mr. A¥alker combats the notion so widely prevalent that court decisions have made the Inter-State
Commerce law nugatory and deprived the Inter-State
Mr. Walker
Commerce Commission of its powers.
shows clearly and at length that there is no basis for
that in fact it rests entirely on a misthis claim
conception of the functions which it was intended to
confer upon the Commission under the Act to ReguAs is known, Mr. AValker was at
late Commerce.
one time a member of the Inter- State Commerce Commission, and is hence well qualified to speak on this
point.
As a matter of fact, there is probably no better informed man on the subject in the country.
Mr. Walker undertakes at the outset to indicate the
scope and character of the Inter-State Commerce law,
showing that there was a clearly defined purpose in
mitted that in other sections of
—
view in enacting the measure. It lays down the guiding principles applicable to Inter-State traffic. Until
this statute was enacted, Inter-State Commerce was
subject to no general rules; State laws and State courts
could not affect it. *'The Federal Courts derive their
jurisdiction from laws passed by Congress under the
The common law of
provisions of the Constitution.
principles applicable
series
of
England had developed a
to common carriers which were applied in the several
The Act to Regulate
States of our Union locally.
in every part of the land.
applied to certain classes of
He
at tariff rates
must be adthe country, and as
says
traffic,
it
devices for favor-
ing special shippers are still extant. As a result outbreaks of rate -cutting, more or less spasmodic, not infrequently occur, but the accounts of them are usu-
Probably more than ninetenths cf the railroad freight traffic of the country, he
thinks, is free from rate- cutting, and of course he
believes it desirable that the practice should be stopped
altogether, if a way to that end can be found.
He does not think, however, that the proposals in
the pending bills before Congress are well devised.
Like most careful students, he is of the opinion that
the prevention of unjust discriminations and the giving of rebates would be greatly assisted by the repeal
of the anti-pooling section of the law, and he quotes
President Hadley of Yale College to the effect that
"it may be stated as a fact of history that no nation
has succeeded in prohibiting discrimination and pooling at the same time." Mr. Walker takes up the various sections of the law, one by one, and shows that
none of these sections have been rendered nugatory.
The remedy in all cases is with the courts and the
jurisdiction of the courts has never been minimized
ally grossly exaggerated.
by any decision whatsoever. It is fully available today and open to every shipper. Instead, however, of
employing this simple and direct procedure, shippers
^-.Commerce established those principles as component have apparently considered that the remedy given
J
Mat
by
:
THE CHRONICLK
26, 1900.
Act
1023
through
a
complaint to
such requirement in the statute, which merely says (Sec.
that persons shall
not have
the right to
9)
pursue both remedies, but must elect which of the
two methods of procedures they will adopt. He also
dwells upon the fact that Section 4, the famous shorthaul clause, is also far from being nugatory. This
was the most prominent provision of the law in the
early days of its administration, and rates were
changed in all parts of the country in order to bring
them into conformity with the intent of the section,
stated
there
no
Where, he asks, is there any evidence of intention to
confer power to prescribe a rate or to prescribe anything whatever ?
Citations are given, too, from the Congressional debates attending the passage of the bill. For instance,
ex President Harrison, who was then a member of the
Senate, expressed his understanding of the measure
expounded in the Louisville & Nashville
case.
In the making of tariffs at the present time
this section is kept constantly in view and is univers
ally observed, except in cases where the carriers believe themselves to be justified in making exceptions by reason of differing circumstances and condi-
matioD; they are
the
the
is
Commission;
which
only
but
is
is
when presented
in the following language:
that judicial power
I
do not think
it is
ply supervisory.
as a
of
"As
to the other objection,
conferred upon the Commission,
well foundtd.
Its powers are simis
They are empowered to get inforempowered to administer oaths, just
committee of Congress may
witnesses.
the courts.
in cases before
It
is
in the
examination
The
not a judicial function.
Commission may make recommendations as to
what ought to be done, but the bill does not. give their
conclusion the force of a judgment." In the House
tions.
The original interpretation of this section by of Representatives Mr. Charks F. Crisp, who later
the Commission, Mr. Walker declares, has been fully became Speaker, defined the Commission's functions
sustained by the Supreme Court. It is true that a as follows " What are the powers of the Commisfew years later the Commission changed its construc- sion ? In particular cases, under the 4th section of
:
tion in a single particular,
which the Court afterwards the
disapproved; but he says
it
absurd to assert that
this decision made the section nugatory.
He then discusses the question whether court decisions have, as charged, relegated the Interstate
is
bill,
they
may
relax the rule therein
to other matters, they
may
require
set
As
up.
the railroads to
returns of their accounts, their stock and bonds,
Where
their running expenses, rates of charge, &c.
the complainant invokes their authority, they may
make
has no pass upon a given case between the individual and
real power.
He proves very conclusively that the the railroad company. When they so pass upon the
power which those who make this allusion have in case, their finding upon the facts is prima facie true
mind belongs to the courts and under the Act was in the courts of the country."
After having thus established the fact that the
intended to belong to the courts. It may, in fact, be
Commerce Commission
to a position
where
it
questioned, he asserts, whether Congress intended to
Commission was not originally expected to
common
issue
manand
carriers, but to find facts
confer upon the Commission any real "power," prop-
dates to the
charged them with various duties,
but close scrutiny of the Act fails to reveal any
important grant of power. He quotes first of all
from the head-lines of the bill as introduced by the
Senate Committee, which head-lines read as follows:
"A National Commission Its Establishment Recommended for the Enforcement of the Legislation Pro-
express opinions and to represent the public in proceedings before the Courts, Mr. Walker argues with
erly so called.
It
much
the question which
force that
agitated
is
not the
of a nugatory law
;
is
now being
establishment and jevivification
nor is it the rehabilitation of a tri-
re-
—
bunal whose power has in some way been dissipated.
It is the erection of a new tribunal and the grant of
posed." He lays stress upon the fact that the estab- new authority. Possibly this may be thought desirlishment of a Commission was not recommended for able, but if so the subject should be approached from
the purpose of conferring upon it any powers, either the proper point of view and should be intelligently
No one will gainsay the statement that if
legislative or judicial, but its duty was to be " the en- discussed.
forcement of the legislation proposed." He quotes, Congress purposes to assume control over railway
furthermore, from the body of the report the follow- rates, it should do so through some competent agency.
The Inter- State Commerce Commission as now coning words as bearing on this same question of intent
" It is true that reliance must ultimately be had upon stituted does not meet the requirements of the case.
the courts, in any event, for the final remedy, unless In the first place, the complex nature of its duties
the Commission itself be constituted a court, which prevents it from occupying the judicial attitude
the committee does not consider expedient; the final which the situation demands. A body which is to be
determination of contested proceedings instituted the recipient of such enormous powers should not be
under any laws that may be passed by Congress must at the same time a prosecuting official charged with
This, he the duty of ferreting out crimes and misdemeanors
rest with the courts of the United States."
The Com- and of conducting prosecutions in the courts, nor
thinks, ought to be sufficiently clear.
was not called should it be authorized to investigate of its own moIt must be a judicial body in fact as well as in
It was denominated an "executive tion.
a tribunal.
name. In the second place, the Commission as now
board.
Again the report says: "It is not proposed to re- organized holds only a brief tenure of office, changing
subject in the selecstrict in any manner the choice of remedies now its complexion from year to year,
considerations laid
available, but it is proposed to provide additional tion of its membership to political
means of obtaining redress. * * * This can best down in the Act itself, and embracing no recognized
Moreover, the
be accomplished, it is believed, by making the reports expert upon transportation problems.
and recommendations of the Commission prima facie attitude which the Commission has assumed in respect
been calculated,
evidence as to the facts found in all cases which it in- to various matters in the past has not
to inspire confidence
vestigates." Mr. Walker observes that the words are Mr. Walker truthfully declares,
to handle future
"reports and recommendations," not decisions and in the competency of such a body
mission was not to be a court.
orders;
and these to be prima
It
facie evidence of facts
controversies.
THE CHRONICLE.
1024
He
concludes as follows: "The tribunal which you
have in view should be of life tenure, a court of record, with power to compel attendance of its own wit-
[Vol.
as a rule, be profitably imported only
crop
LXX,
when the cotton
being shipped, and its utility as ballast induces
shipowners to bring it at nominal freight rates. Ob"
nesses and issue its own final process, composed some- viously, however, if the difference between the prices
what as the Eiglish tribunal of this character is com- of iron on your side of the ocean and this should beposed, which has one judge of a Superior Court, one come wide enough to allow the payment of remunerexpert in railway traffic and one high- class business ative rates, shipments of the metal will not be held
man, without Initiative, and all absolutely free back until the cotton-shipping season begins in earnWhen est. The following table gives the quantity and value
from party politics or local prejudices.
of the pig iron and steel blooms and billets imported
presented
the right kind of a proposition is
there will not be by any means a unanimous op- into the United Kingdom from the United States in
position on the part of railway managers, for there each of the last three years, and in each of the first
is now among them too much uncertainty as to the four months of 1900
is
:
future of railway rates and business under the existing unfortunate conditions.
But it may well be
.
Pig Iron.
Tons.
1897
1398
1899
.
TTnwrou ght
91,196 209,276
76,356 180,614
80,988 219,715
Steel.-^
£
Tons.
S,
128.892
29 374 158,689
59,375 288,706
25,927
doubted whether the time has yet arrived when it is
make this fundamental change. The 1900January
409
5,742
22,898
3,988
grievances which you and your associates present are
February
2,356
369
8,905
6,190
not without remedy under the present law. If they
March
18,101
585
4,688
4,991
have not been remedied, it is not because the law is
April
1,853
2,632
7,544
18,955
nugatory but because it has not been properly utilFour months
14,639
57,448
83,124
3,995
Considering
Kingdom,
besides
that
the
United
proized.
If the Commission has met with disappointment, it is not because it has been relegated to an in- viding for its own enormous consumption, actually
ferior position by the courts but because it has not exported last year 1,379,296 tons of pig iron and
gone to work in the right way to accomplish its useful 328,580 tons of unwrought steel, these figures do not
seem important. But thoughtful persons connected
mission.*'
with the iron and steel industries are beginning to ask
and tendencies
THE BRITISH
CONTINENTAL IRON themselves whether present conditions
do not favor, at all events for some time to come, a
MARKETS.*'
very considerable expansion of this young transManchester, May 16.
Atlantic trade. True, the imports of American pig
Within the last two or three weeks a much more iron during the first four months of this year have
subdued toxie has been steadily extending throughout been only 14,639 tons, a2ainst 4i,519 tons in the corthe iron and steel marketsjof Great Britain. Almost responding period of 1899, and of unwrought steel
everywhere, it is true, buyers are urgently pressing only 3,995 tons, against 33^292 tons. Bat then in the
for deliveries in execution of orders, but the new de- early part of the present year the difference b* tween
mand at the high prices now current has visibly slack- prices in the American and those in the English
ened in nearly all directions. So far as pig iron is markets was so small as to present little inducement
concerned, no one will buy in quantity at the regular to move the metal from one side to the other.
It
quotations except for early delivery and under pres- is only quite recently that the substantial drop
sure of definite requirements. Iq a considerable degree in
the American
markets
coupled with the
necessary to
AND
the
quieter
the
break
tone
the result
of intelligence of immense productive capacity of the United States
United States and furnaces has led to serious thought about the possiof definite offers of American iron in Glasgow bility of a very large increase during the remainder of
and Manchester at prices below those required the present year in the imports from your side. A
in the same markets for British iron.
A New York good deal of attention has been given too, by experts,
in
is
prices
in
the
telegram, dated the 10th instant, reports increasing
stocks of pig iron, weak prices and great difficulty in
inducing
sales,
even at a reduction.
This and pre-
vious and later intelligence of a like tenor has had a
depressing effect, particularly in Glasgow, where,
owing to the existence of a speculative "warrant"
within the last four or five years to the question of
the relative cost of producing pig iron in the United
and in this country, and British makers have
done much toward reducing expenses and improving
their plant and methods.
This, however, is a large
States
subject requiring separate
treatment.
What
is
of
market, prices of iron in the warrant stor.s have been immediate interest is the low and still drooping prices
easier and more susceptible to adverse inflaeaces than of pig iron in America, and the prospects of heavy
those quoted by the iron makers themselves. Yet exports in this direction as soon as it becomes clear
stocks, even in the stores, have fallen very consid.r- that the production of the United States is much
ably.
On the 10th instant they amounted to only beyond the limits of home requirements.
144,933 tons, against 218,978 tons on February 14th.
Bat it is not alone in the British markets that this
Within the same interval the quantity held at the contingency is becoming an influential factor. In
Middlesborough warrant stores has dropped from Germany also it is beginning to exert some force. A
59,711 tons to 24,962 tons, and of private accumula- telegram from Berlin of the 15th instant states that
tions there are none of any moment in the whole the fall of prices in America led to a sharp decline
country.
yesterday on the Stock Exchange of that city in the
Some business has been done recently in American quotations for the shares of iron and even of coal
iron in both Glasgow and Manchester, and if early de- companies' shares.
This may, of course, be nothing
livery could have been insured this would certainly more than a speculative Stock Exchange incident, but
have been larger. But terms of freight have stood in it shows how closely the course of prices in America is
the way of extensive sales.
United States iron can, being watched in a country where the scarcity of iron
*Communioated by our special correspondent at Manchester.
and coal
is
as yet far
from being removed.
Certainly
,
May
THE CHRONICLE.
26, 1900.]
1025
weakness has yet appeared in the iron and
It may be, and it is not unlikely, that moderate
Mail advices of their con- decline in the prices of pig iron and coal will induce
coal markets of Germany.
dition last week state that prices were firm, that a more active demand in Europe before long.
There
there was no falling off in the inquiries for manufac- is no evident reason for a slackening in the consumptured iron and steel, and that producers had no tion of iron in the multitudinous forms in which it is
difficulty in obtaining fresh orders as fast as old utilized, and after a little time prices will probably
ones were being completed. Germany draws very large settle to a level at which buying will be resumed in
supplies of raw iron from this country, most of which full force.
Such at least appears to be the prevailing
is shipped from Middlesborough and other Northeastopinion amongst leading authorities in these departern ports of England, and extensive contracts have ments of trade.
been entered into. It is, however, very difficult to
get the iron for shipment, and at Middlesoorough,
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S
within the last fortnight, steamers have been kept
—The sales of bank stocks this week aggregate 190 shares,
for days waiting for iron which could not be obtained. of which 145 shares were sold at auction and 45 shares at the
Indeed, shipments which should have been made in vStock Exchange, The sales of trust company stocks reach a
April, some even in March, have not yet been com- total of 90 shares, all sold at auction.
Last previous salt'
Price.
pleted.
JSTotwithstanding such delays, however, the Shares. Banks—JVew Yorlc.
Miiy 1900- 464
19 America, Bank of
460
May 1900- 192
exports of pig iron from the United Kingdom to Ger- *54 American Exchange Nat. Bank.190-193
25 City Bank, National
353ifl
May 1900- 344
May IflOO- 285
many including those sent to Dutch ports, most of 27 Commerce, National Bank of. ,.284-284 38
23 Gallatin National Bank
400
Dec. 1899— 4111a
8 Merchants' National Bank
170
Apr. 1900- 172i«
which are for German consumption have reached
14 Hhenix National Bank
102
May 1900- 100
during the first four months of this year 288,124 20 Western National Bank
42558
May 1900— 450
no sign
of
.
—
—
tons, agaii st 157,029 tons in the
of 1899
How
and 115,030 tons
far
r*
corresponding part
in 1898.
serves of pig iron have been run
down
in
England and Scotland may be inferred from the following statistics of stocks in the whole of the public
stores
the
of
Kingdom
West Cumberland,
(Glasgow, Middlesborough,
etc.,) issued last night.
Tons.
May
1900
Deo. 30, 1899
271,841
523,231
15,
Tons.
June 30, 1899
Jan. 1,1899
688,895
686,951
But the heavy reduction here shown would be much
more striking if the stocks in private hands at the
Of hematite
several dates could also be stated.
and even
stocks are almost exhausted,
qualities
makers have very
little
in
iron,
of ordinary
their possession,
needed for the exorders previously taken.
On the Man-
their current production being all
ecution
chester
of
Exchange yesterday the business
in pig iron
was not large, consisting chiefly of small transactions
for early delivery, and prices were irregular, tending
rather downward. The opinion was prevalent that the
highest point has been reached and that some giving
way in prices will be seen before long.
Consumers
are therefore, for the most part, contenting themselves with the considerable supplies which they have
yet to receive under contracts.
At Glasgow yesterday the market was rather more active and firmer,
but this was entirely the result of purchases of warrants
by speculators who had previously sold short.
But the governing factor is of course the state of
the engineering, shipbuilding and other industries,
which carry forward raw iron into the forms adapted
for final use.
Here all that can be said is that high
prices of metals and coal have certainly checked the
demand for the present. The check is most apparent in shipbuilding, for which new orders are not com
ing forward so freely as they were a couple of months
ago.
The returns recently published by " Lloyd's
Register " give the following figures.
Ton7iage
Under Construction on
Description of
Increase (+J or
Decrease (—) at
End of t/ar.,1900,
as
Compared
with.
Ytssels.
Mar. 3J,
1900.
Dec. 31
1899.
Jfar. 31,
1899.
Three
A
Months
Year
Ago.
Ago.
Merchant VesselsTons grosp
1,260.422 1,306,751 1,385,715 -46,32H -125,293
War VesselsTons displaieme't 454,11C 423,765 434,06f 4-30,355 + 20,045
Trust Companies- iV^ew
JorJc.
10 Central Trust Co
2101
..
20 Colonial Trust Co
336
4.^7!^
V;5 Mortim Trust Co
10 New York. Trust Co. of
190
25 Produce Exchange Trust Co.. .131 131%
*
May 1900-2110
1900- 325
Apr.
May 1900— 450
Feb.
1900- 200
May 1900—
131 ig
Of these, 45 shares were sold at the Stock Exchange.
—Since the National Bank of Commerce of this city has
absorbed the National Union Bank, it takes rank with the
largest banking institutions in the country. At the annual
meeting of the stockholders of the bank on the 14th of this
month, a detailed statement of the condition of the bank was
sabmitted, and this showed deposits only a trifle less than
fifty- four million dollars (|53,793,843) and aggregate assets
amounting to over seventy six and three quarter million dollars ($76,765,669).
The statement being made on Monday,
the item "Exchanges for Clearing House" represented the
business of the Saturday half-holiday, and was unusually
small. In its return to the Comptroller for April 26 the
bank showed gross deposits of $65,876,863 and aggregate resources of $88,664,559. We believe that there are only two
other banking institutions in the United States that can
show larger aggregates than these. A year ago the deposits
were only $28,208,157. Under its present management it is
certain, too, that the business of the bank will reach still
larger dimensions in the future. The bank is fortunate
in having as its chief executive Mr. Joseph C. Hendrix, who advanced the National Un'on Bank to such a
prominent position within so short a time. We noted last
week that the directors of the liquidated National Union had
presented a silver "loving cup" to Mr. Hendrix in recognition of his successful management of the affairs of that
bank. This was a deserved tribute. The National Bank of
Commerce at the same time retains the services of Mr. William C. Duvall as Cashier, who was identified with the old
institution for so many years and contributed so much to its
upbuilding. It should also be noted that Mr. J. Pierpont
Morgan is the Vice-President of the bank.
At the meeting last week a resolution was adopted expressing satisfaction with the report presented and tendering the
thanks of the shareholders to the officers and directors of the
bank for their faithful and skilful administration of its affairand for effecting the important consolidation with the National Union Bank.
Mr. Levi P. Morton was the Chairman
of the meeting and Mr. Robert Olyphant its Secretary. The
bank, it will be remembered, since the consolidation, has a
capital of $10,000,000 and a surplus fund of $4,00)00), with
undivided profits amounting to $2,671,144 more. The additional five millions of stock was listed on the New York
Stock Exchange this week. Its board of directors contains
some of the strongest and most inflaential names to be found
in the financial world, comprising J. Pierpont Morgan, Frederick Sturges, Charles Lanier, Charles H. Russell, Alexander
John S. Kennedy, Woodbury Langdon, John Ciaflin,
Aug. D, Juilliard, Q-. G. Haven, Jos. C. Hendrix, James N,
Jarvie, Richard A. McCurdy, Samuel D. Babcock, Frederic
Cromwell, F. P. Olcott, William C. Whitney, H. McK.
Tff'ombly and Daniel S. Lament.
E. Orr,
THE CHRONICLE.
1026
—
No city in the country, barring the Atlantic sea-coast
centres, has a greater number of large banks than the city of
We
[Vol.
LXX.
who
died in 1895, as President of the Park Bank. He was of the
dry goods firm of Denny, Poor
Co. of this city and Boston,
and when he was elected President he had been a director of
the bank for about ten years and a Vice-President for two
years, succeeding Mr. Arthur Leary in 1893,
&
Chicago.
have referred recently in these columns to
the two banks most distinguished in that way in that city,
but there are many others which, though not as large as
these two, would rank as important concerns anywhere.
—The Hon. Amos Franklin Breed, of Lynn, Mass., died on
Moreover, a very noteworthy feature is the growth and ex- May
22,
He was President of the First National Bank of
pansion which is taking pi ice, and which is raising the busi- Lynn
and Vice-President of the Lynn Institution for Savness of so many of these banks to very extensive propor- ings.
He was also connected with a number of railroad
tions.
Among others in this class we may mention the Com- companies.
mercial National Bank of Cnicago. This is the institution of
The directors of the London & River Plate Bank,
which Mr. James H. Ejkels, formerly Comptroller of the
Limited, London, have declared, we are informed, an interim
Currency, is President. Since he became identified with the
dividend of eight per cent for six months.
institution its business has been increasing very fast. In its
—Mr, Charles T. Crane was on Thursday of last week
report for April 26 it shows deposits aggregating almost $19,000,000 and resources exceeding $31,000,000. As illustrating elected President of the Farmers' and Merchants' National
the expansion which has taken place, wa may point out that Bank of Baltimore, to succeed the late James Sloan, Jr.,
bat two years ago, on May 5, 1893, the deposits were only a whose death we chronicled a short time ago. Mr. Crane had
little over 123^ million dollars, so that in this space of two previously been Cashier of the bank for thirteen years, and
years there has baen an addition of about 50 per cent. to his energy and skill much of the success of the institution
When the record is extended further back, the expansion be- is due. He is highly thought of in conservative financial
comes still more striking. Hare is a little tabic which we circles. He was at one time the Secretary of the Baltimore
Together with ex- Mayor Latrobe, Mr.
have prepared making comparisons of the figures for various Board of Trade.
Crane was also, for a period of three years, receiver of the
dates back to 1895:
South Baltimore Car Works, and as evidence of his skilful
Commercial Nat. Surplus and
Gross
Aggregate
and
intelligent management, it is noted in the Baltimore
Bk. Chicago.
Vndi v. profits. Deposits.
Resources,
Bid. Ask,
Apr. 26,1900
papers
that when the receivership was closed the company
$1,237,496 $18,816,208 $31,098,707
275 300
Feb. 13, 1900
1,240,875
19,617,252
275 300 had paid one hundred cents on the dollar.
21,903,129
Dec. 2,1899
1,262,321
17,867,833
275 3C0
20,165,155
Reference has appeared in the daily papers this week to
Sept. 7,1899'
1,215,177
20,202,711
22,462,891
270 290
June 30, 1899
1,213,125
20,025,323
22,283,452
270 275 the assertion that the Mexican Government has granted,
Apr. 5, 1899
1,161,562
19,780,106
261
21,986,672
270 under date of May 3, to Joaquin de Casasus and Jose CastelFeb. 4,1899
1,110,687
18.153,700
20,289,390
250 260 lot, a concession for the establishment of a mortgage bank.
Dec. 1,1898
1,138,496
15,263,813
17,447,312
250 260
This concession is claimed to be a clear violation of the chartSept.21, 1898
1,095,271
13,990,691
16,130,965
250 260
July 14, 1898
1,077,228
12,595,464
14,717,695
240 250 er rights of the International & Mortgage Bank of Mexico,
May 5,1898
1,127,395
12,629,T00
14,801.498
240
250 and any attempt to do business under it, we are informed,
Feb. 18, 189it
1,078,575
12,453,160
14,576,737
230 240 will be opposed by that bank. It is only proper to say, howDec. 15, 1897
1,181,082
10,641,050
12,867,136
225 230 ever,
that the representatives in this country of the InterJuly 23, 1897
1,128.069
9,162,303
11,335,376
225
230
national
& Mortgage Bank of Mexico have great confidence
Oct.
6,1896
1,140,456
6.770.198
8,955,657
225 235
Sept. 23, 1895
1,283,376
7,584,301
9,912,678
250 2.60 in President Diaz, President of the Republic, and do not
doubt that when the facts are made known to him, which
NOTE.-Capnal wa8 $1,000,000 at all the dates here given.
will be done at once, he will not permit any violation or inIt will be observed that since September 28, 1895, deposits
have risen from $7,584 301 to $18,816,208 and the aggregate fringement of the exclusive privileges granted the bank
resources from $9,912,678 to $21 098,707. There has likewise, under its concession, and on the faith of which so large an
amount of foreign capital was invested.
it will be noticed, been an appreciation in the market vaiua
—
—
The officers of the bank are: James H. Eckels,
John C. McKeon, Vice-President; D. Vernon,
Second Vice-President; Joseph T. Talbert, Cashier, and N.
of the shares.
President;
R. Losch, Assistant Cashier.
—
It has been decided to postpone the date of the annual
convention of the Wisconsin State Bankers' Association from
the month of Jane to August. The Milwaukee " Sentinel "
states that the exact date of the meeting has not yet been
settled.
—
Dispatches in the daily papers announce that Mr. J. Frank
Supplee has been in the City of Mexico for some .time making preliminary arrangements for organizing a large trust
company to be called the Mexican Trust Company. Mr.
Sapplee was for many years Ragister of the city of Baltimore. Report has it that the capital is to be $5,000,000, with
$1,000,000 paid in, and that some prominent Mexican and
American
—It
capitalists are interested.
—At a meeting of the
directors of the Guardian Trust Co.
Kansas City on the 18th inst., Mr. A. E. Stilwell was
elected President. Mr. Stilwell was the founder of the Missouri Kansas & Texas Trust Co. and its President until last
fall, when the company was reorganized
and its name
changed to that of the Guardian Trust Co.
Three new
directors were also elected Wm. Heitig, of Kansas City; W.
W. Sylvester, of St. Louis, and W. S, Taylor. Vice-President E. L. Martin was given charge of the Kansas City office.
At a meeting of the directors on the following day, the
question of taking up the financing of Mr. Stilwell's new enterprise, the Kansas City Mexico & Orient Railway, was discus'^ed, and action deferred until June 15, to which date the
board adjourned.
at
—
—At the annual
meeting of the stockholders of the Metro-
Bank of Buffalo, Mr. Jacob Dilcher, the present
Cashier, was advanced to the Presidential office, succeeding
politan
announced that Mr. Edward E. Poor has
resigned his office as President of the National Park BankMr. Poor was taken ill in the early part of 1899, but his
health improving, he was able during the past winter to give
attention to the daties of his office. In April of this year ha
Bulfertd from an attack of grippe, from which he is now recovering.
In his letter of resignation to the directors he
saye: "It has become evident to me that I cannot hope to regain my accustomed health unless I am relieved from the
the retiring President, Mr. Charles Groben. Mr. Groben
found his other business duties too exacting to permit his
continuance as the chief executive of the bank. He remains,
however, a member of the board of directors. The election
of Mr. Dilcher as President has given general satisfaction in
Buffalo, as he has been long and favorably known in that
city and has acted as Cashier of the bank for the last ten
years. The other officers elected were: Clarence M. Howard,
Vice-President, and Hanry P. Clark, Assistant Cashier. The
anxietji and responsibility underlying this position. My duty directors elected were: E.H.Butler, Moses Shire, Chirles
to my family, my associates and to the stockholders, there- Groben, Anthony Neupert, Philip W. Roth, Joseph Kam,
fore, makes it imperative that I resign my trust into your Henry W. Wendt, Hanry P. Hjuck and John A. Kessel.
hands and ask you to relieve me from the cares and responsiThe Gaorgia Bankers' Association is to hold its annual
bilities of the office."
convention on Jane 13 and Jane 14 at the Sweetwater Park
Mr. Poor is at present resting at his country home in Hotel, Lithia Springs, Georgia. The programme arranged
Hackensack, N. J., and will sail for Europe with his wife for the convention is quite an attractive one, and has been
early in Jaly. The bank will continue to enjoy the benefit of sent out this week by Mr. L. P. Hillyer, Cashier of the
Mr. Poor's experience and counsel as a member of its board American National Bank at Macon, Ga. The annual address
of directors. Mr. Poor succeeded Mr. Ebenezer K. Wright, will be delivered by the President, J. G. Rhea, Cashier of
is officially
—
May
THE CHRONICLE.
26, 1900.]
the City National Bank of Qriffia, The Hon. Hoke Smith
is to deliver an address on a subject yet to be announced.
Joseph T. Orme, Cashier of the Lowry National Bank, Atlanta, will speak on "The New Financial Bill and the Advantages to State Banks to Procure National Charters."
—A
petition has been filed with the Massachu3ett8 State
authorities at BDston for a charter incorporating a new banking institution in that city to be known as the Copley Square
Trust Company, with a capital of $500,000. The location
selected is that recently occupied by the Back Bay Post
Office.
Among the incorporators named in the petition are
George E, Armstrong of George E. Armstrong & Co., bankerg; Charles H. Rollins, of J. Francis Brown &Co., bankers;
Charles H. Pfaff, Hobart Edwards, Walter C. Cotton,
Calvin Austin, George B. Billings, Elmer Abercrombie,
James E. Freeman, Warren Hill and James Reynolds.
:
— A proposition
being considered by the stockholders of
the First National Bank of Norwich, Conn., to consolidate
with the Merchants' National Bank of that city. The former
has a capital of $100, COO and a nominal surplus of $30,000,
while the Merchants' National has a capital of $100,000 and
a surplus of $20,000. It is proposed to reduce the capital of
the First National to $300,000 and then to absorb the Merchants' National, with its capital of $100,000, making the
capital of the consolidated bank $400,003. The surplus of the
Merchants' National will be distributed among the stockholders before amalgamation.
is
—The merger of the Equitable National Bank of Baltimore
Md., with the First National Bank of that city, through parchase of the stock of the latter by the former, has been completed, and on May 17 the corporate existence of the firstnam^d institution ended and its officers took possession of the
First National. James D. Ferguson and Henry B. Wilcox, who were respectively President and Cashier of the
Equitable, occupy the same positions in the First National,
displacing John W. Hall, President, and E, J. Penniman,
Cashier of this bank.
— When the Bank
of Holland Patent, N. Y.,
which was a
State institution, recently applied for a charter as a national
bank, the question was raised whether, it having paid the
special bank tax as a State institution, under the laternal
Revenue Act, it would be required again to pay this tax on
conversion. The ruling ot the Internal Revenue Dapartment
i3 that if the bank's name is changed without affecting its
identity, and it has the same capital, officers and stockholders, and does business uninterruptedly under its change
of jurisdiction, and is actually the game bank which has
already paid its sptcial tax, another payment of special tax is
not required. This ruling will probably govern all similar
cases where State banks have been converted into nationar
1027
completed, control of the bank has been obtained, and it is now operated in the interest of the City
Bank. No change has yet been made in any of its officers,
and it is expected that the President, Theodore Rogers, will
continue in that capacity, and that Edward C. Evans will remain as Cashier. Gradually some of the directors will be
replaced by gentlemen representing the City Bank.
ever,
now been
—On
Tuesday the Secretary of the Treasury issued a call
on depofcit with specially-
for $5,000,000 of the public funds
designated depository banks. This amount will be required
pro rata from banks having deposits of $50,000 or over. Additional calls will be made from time to time as may be ni?cessary to pay for the extended 2 per cents which were called
May
18 for redemption
cial Situation " last week.
on
August
18,
as noted in the "Finan-
—The
outstanding currency certificates issued under
authority of the Act of June 8, 1872, which Act was repealed
by that of March 14, 1900, are now $5,105,000. The amount
on January
1
was
$14,600,000.
—William A. Read, of
the firm of Vermilye
& Co., bankers,
was on Tuesday elected a director of the Bank of New York,
National Banking Association, in place of James M. ConMr. Constable, it may be noted,
was the senior director of the bank, and he had been a
member of the board since 1866. As an expression of the
sorrow of his associates caused by his sudden death, appropriate resolutions were adopted by the board. The officers
of this institution, which is the oldest bank in the State and
the first chartered, are E. S. Mason, President; John L. Riker,
stable, recently deceased.
Vice-President; Charles Olney, Cashier; E. T. Hulst. First
Assistant Cashier, and George P. Hall, Second Assistant
Cashier. The directors are : Charles D. Leverich, George
H. Byrd, G. Amsinck, A. W. Hard, H. B. Laidlaw, D. O.
Mills, John L. Riker, J. Kennedy Tod, E. S. Mason, John
Crosby Brown, Henry C. Swords, John G. McCullough and
William A. Read.
—A
new
nati Trust
financial institution, to be
Company, which
known
as the Cincin-
will be located at Cincinnati,
Ohio, was incorporated May 22 with a capital of $500,000.
The incorporators are W. B. Carpenter, D. B. Gamble,
Joseph S. Trevor, M. E. Moch, Charles Windlisch, John H.
The concern will transact a
Allen and Guy W. Mellon.
general trust and safe deposit business.
—At
a meeting of the trustees of the Brooklyn Trust Coheld May 22, the office of President of the company, which
had been vacated by General Christensen, who recently resigned, was unamiously tendered to Theodore F. Miller who,
until early this year, was Secretary and Treasurer of the
Henry R. Worthington Company, manufacturers of hydraulic
machinery. Should Mr. Miller accept the office of President of the Trust Co., which is probable, he will, as a preIt is reported that the Commissioner of Internal Revenue
trustee and his elechas reversed a former ruling regarding the amount of stamp liminary step, be immediately elected a
meeting of the
Jane
at the
tax required on certificates of deposit. The Commissioner tion as President will take place
fifty years of age, a lawyer by
luled that where such certificates contained a clause providing board. Mr. Miller is about
profession, and was graduated from the Columbia Law School
that, to draw interest, the owner of the certificate must
in
1871.
Soon after his admission to the bar he was conleave the money in bank at least six months and give the
Ex-Judge Reynolds until he
banter thirty days' notice before withdrawing the money, nected with the law office of
L. Fancher, arbitrator of the
they were time certificates, and as such should bear a two- entered the office of Enoch
where he remained until 1892.
cent gtamp for each $100 or fraction thereof. La Crosse, Chamber of Commerce,
business acquaintance with Mr.
intimate
Those
who
enjoy
an
Wis., bankers have held that this ruling was wrong, and
his qualifications express the
with
they have placed a two-cent stamp upon such certificates, Miller and are familiar
Trust Company has made a wise
rega d'ess of the amount. The Commissioner, by reversing opinion that the Brooklyn
selection for the office of President.
his ruling, practically admits that the contention of the
bankers is correct.
check of Kuhn, Loeb & Co. for about $17,500,000, or
—The Nassau County Bank, a State institution which be- one- half of the $35,000,000 Third Avenue Railroad Company's
gan business last August at Mineola with a capital of $25 . bonds which this firm recently bought, was sent by the NaOCOsni a surplus of $25,000, has been quite successful, lu- tional Bank of Commerce to the Clearing House yesterday
cres sing its deposits within nine months from $30,000 to for collection among other items amounting in the aggreThe check for
It is gate to about $41,000,000 sent by this bank.
$285,000, and its loans and discounts now are $121,500.
designated by the Comptroller as a depository for State the same amount in payment for the remainder of the bonds
institutions.
—
—A
Benjamin D. Hicks, President; Henry was drawn upon the Bank of Commerce, and therefore it
M. W. Eastman, Vice-President, and Thomas W. Albsrtson, did not pass through the Clearing House, it being directly
credited to the account of the Morton Trust Company.
Caihier.
—It was stated in this department May 5 that a report which It may be noted that the above amount of $41,000,f ands.
The
officers are
was then current that control of the Bank of the Metropolis O'lO is the third largest amount ever sent to the Clearing
$53,341,at 29 Union Square had been secured in the interest of the House on any day by a single bank. Tne largest was
the next
and
1899,
May
23,
Bank
National
City
National City Bank, hrough individual purchases of stock OOJ by the
It is beyear.
that
of
by directors of tla: in^titulion, was premature. The nego- largest was about $44,000,000 in April
drawn
ever
lieved that the above noted check is the largest
tiations which were tlen in progress to this end have, how
'
:
.
THE CHRONICLE.
1028
LXX
[Vol.
on any bank in this country. The exchanges at the Clearing bonds during said period will be exchanged ex interest, the interest
due July 1 on the 4 per cent bonds being paid to the owners of the
House were not extraordinarily large on Friday, amounting bonds
recorded in the Department at the close of business on the 31st
day of May, 1900. The amount of the dividend in all such cases will
to $307,683,103. The balances were |13,190,195.
be deducted from the present worth of the bonds when settlement Is
—Stockholders of the City National Bank of Philadelphia made on account of exchanges by the Treasurer of the UnUed States,
but the adjustment
the Treasurer ofaccrued interest on both classes
on May 23 voted in favor of merging that institution with of bonds will be tobydate
of exchange, as though the books were not
flosed.
L. J. GAGE,
the Philadelphia National Bank.
Secretary.
REDEMPTION OF EXTENDED 2 PER
CENTS.
DEBT STATEMENT APRIL
As was noted
in our article on the Financial Situation last
week, the Secretary of the Treasury has called for redentip-
tion the entire outstanding issue of the extended 2 per cents.
are to be paid August 18, The following is the
text of the circular
The bonds
The following statements of the public debt and
Treasury cash holdings of the United States are made
up from
TREASURY DEPARTMENT,
litle of
Office of the Secretary.
Secretary,
On Tuesday, May
the Secretary of the Treasury sent
out to the national bank depositaries the following letter of
instructions, directing the return of a portion of the Government deposits held by the banks
You are hereby directed to deposit on or befrre June 5 proximo
with an Assistant Treasurer of the United States, to the credit of the
Treasurer of the United States, as a transfer of funds from your bank
the sum of
dollars. This direction is one of a series this day issued which wil operate to transfer to the Sub-Treasury $5,000 000 of
the surplus public moneys temporarily placed with depositary banks
and the action is taken In anticipation of disbursements from the
Treasuri in he redemption of the $25,364,500 outstanding bonds of
the funded loan of 1891, continued at 2 per cent, which were called
by Department circular of the 18th Inst.
It being the Intention of the Department to utilize temporary
balances in depositarv banks for the payment of said bonds, further
transfers will be ordered from time to time to keep pace, in a general
way. with the demaLd for bond redemptions. Public notice has been
given to the holders of the bonds in question that they may present
said bonds for payment at any time before Aug. 19 next, at which
time interest will case.
22,
:
Interet
Amount
payable.
issued.
Amount
)
„ -M. 250.000.000
'^•
>
—
—
—
Loan .if lt-00-I9iO..Q. J. 25P,0B1,950
88, of 1008-1918...
Q.— F. 198,'/H2,640
»8. Funded loan, 1907. .5.
J
740,917,450
4s, Refund'gcertiflc'8..Q.
40,012,750
J.
ta. Loan of 1925
Q.— P. 102,315,400
»8. Loan of 1904
Q.— F. 100,000,000
2s,
Tot.,
I
26.364.500
254,311.000
$4,740,950
6fi,3'9,T80
72.'I2«,680
825,717,800
61,740.060
120.715,500
41,5(39,^66
33,feOo,850
20,924,000
',560
25,364,500
869,051,950
137,808.440
387,457,850
36,600
162.315,400
54,82i'.850
1,026.863.480
Note.— The denominations of bonds are as follows: Two per cents (registered
only), |50, $100, $50(1, »1,000, $5,000. $10,000, $20,000, tSO.OO's 48 of 1907, registered, $60, $100, $500. $1,000, $5,000, $10,000. $20,000, $50,"<'0, coupon, $50, $100,
•500, $1,000; 43, refunding certificates, $10; Ss Of 1904. registered, $50, $100,
fl.000,$10,00i',couDon. $50, $100, $1,0(10; 4s of 1925 registered. $o. $100, $500,
ll.OOO. $5,000, $10,000, coupon. fSO, $100, $500, $1,0 '0; 38 t,f 1H08 1918 registered.
$20. $100. $500. $1,000. $5.U0M. Jie.ooo. coupon. $20. »100, $5 0. $1,000; 2s of IPOO19^0, registered, $50, $100, $500, $1,000, $6,000, $10,000, $50,000, coupon, |50, $100,
$500, $1,000.
.
DEBT
OlSr
WHICH INTEREST HAS CEASED SINCE MATURITY.
Funded Loan of 1891. matured September 2 1891...
Old debt matured prior and subsequent to Jan. 1 '61
March
April SO.
$81,960 00
1,100,220 26
31.
$lo',3r0 00
1,100,300 26
Debt on which Interest has ceased
$1,207,600 26
Bonds Issued to Pacific railroads matured but not Tet presented; Union Pacific, |13,00u
Central Pacific, $11,000;
$1,182.170 26
;
$30.00000
KansagPaclflc,t6.00o; total
DEBT BEARING NO INTEREST.
Cnlted States notes
Old demand notes
tf atlonal
$346,681,016 00
53,847 50
89,269,664 00
$15,255,389 41
bank notes— Redemption account
Fractional currency
Less amount estimated as lost or destroyed
8,375,«34 00
6,870,455 41
Aggregate of debt bearing no Interest
$3(2,873,072 9,
RECAPITULATION.
Inc. or Dec
$
1350 00
25.430 00
Dec.
Inc. l,8f 4.369 £0
Apr. 30 1900.
Mar. 31 1900.
$
ClaBttflcation of Deht
$
1,026,86.S,490 00 1,026,8 2,140 00
Interest-bearing debt
l,2o7.600 26
1.182.170 26
Debt, Interest ceased
890,079.618 41
Debt bearing no Interest.... 3*2,878,972 91
—
Inc.
1,419,049.353 67 Inc. 1,87 .279 50
Total gross debt
1 ,4?0,919.633 17
30fl,792.H95 65 Dec. 10,676,447 29
Cash balance In Treasury*.. 296,117,548 26
Total net debt.
•
1.124,802.084 91
Dec. 13,646,726 79
1,112.256,368 18
Including $150,000,000 reserve fund.
figures show a gross debt on April 30 1900
flnterest-bearing and non- interest- bearing) of $1,420,919,633 17
and a net debt (gross debt less net cash in the Treasury) of
$1,124,802,084 91.
The foregoing
—
Pacific Railroad Debt. At present the only bonds not
paid or in some manner settled by the companies are the
Pacific.
Central Branch Union Pacific and the Sionx City
W« consequently omit the others from our table. Any
reader desiring the details with reference to all the issues
will find the facts in the Debt Statements for March 31 1900
and previous dates.
unliquidated bonds issued to pacific railroads—theib
&
status may
Name of Road.
Central Branch Union Pacific
Sioux City & Pacific
Total
1,
1900.
Principal.
$l,600,0o0 00
1.628,320 00
$2,150,187 86
2,570,689 00
$3,228,320 00
$4,720,816 86
Interest.
Total due V. S*
$3,750,187 86
4,1»»,949 00
$7,949,136 86
Treasury Cash and Demand Liabilities.— The cash holdings of the Government as the items stood April 30 we take
from the Treasury statement of that date. The net cash
balance and the reserve fund of $150,000,000 have both been
deducted above in reaching the net debt.
CASH in the treasury.
Reserve fund—
and bullion
$150,000,000 00
$224,.399.779 00
>Silver dollars
413.4M6,C00 00
Sliver dollars of 1830
Sliver bullion of 18
9,919,r97 00
72,70n,4o.i
United States notes
General fundGold coin and bullion
Gold certificates
Sliver certificates
Sliver dollars
Sliver bullion
United States notes
Treasury notes of 1890
Cu rrency certificates
National banknotes
Fractional sliver coin
Fractional currency
Minor com
Bonds and Interest paid, awaiting reimbursement
m
Total.
%
excl.Pac.RR. bonds. 1.751,090.190 825,394,430 201.43
i+old coin
Office of the Secretary.
OutstandPng.-
Coupon.
Registered.
t
$
Trust fundsGold coin
TREASURY DEPARTMENT,
1900.
Department Circular No. 71.
"Washington, D. C, May 22, 1900.
Division of Loaus & Currency.
Owners and prospective purchasers of United States 2 per cent consols of 1930. issued under the Act of March 14, 19(0. are hereby
notifled that tie bookx of said loan will be closed against transfers
durin^themonthof June next, and that the dividends payable July
1
1^00, will be declared in favor of the persons who were recorded on
the books of this dlBce as the owuers of such bonds at the close of
busliiesson the 31t.t day of May, 1900. The books of said loan will
be
closed in like maniter during the month preceding each dividend
period- that is to say. during the months of September, December
and
March, as wtU as June.
The closing of the books as above provided will not interfere in anv
way with the original issue of said bonds in exchauKc f,)r the three
classes of bonds Uestrlbed in the Act of March 14, IPO •, and parties
whose favor such exchanges are made, and In whose name the temporary bonds are. iHsued, will be permitted to make the one transfer
provided for in the circular of March 14, 1900, notwithstanding the
closure of the book-*, but the Interest due July l will be paid to the
person in whose favor the original issue Is made.
Holders of 4 per cent consols of 1907 are reminded that the books of
that loan will also be closed during the month of June, and that any
registered 4 per cent bonds received for exchange into 2 per cent
Loan—
t«s, Pund.Ioan.lSOl.
Continued at 2 p. c.
i
The Treasujy Department has also issued the following
circular relating to the closing of the transfer books for the
new two per cent consols:
issued April 30, 1900.
INTEREST-BEARING DEBT APRIL 30 1900.
official figures
:
1900.
DeTjartment Circnlar No. 69.
Washington, D. C, May 18, 1900.
Division of Loans & Currency.
Public attention is hereby invited to the provisions of Section 3 of
the Act of July 14, 1870, as follows
"Section 3 And be It further enacted. That the payment of any of
the bonds hereby authorized after the expiration of the said several
terms of ten, fifteen and thirty years, shall be made In amounts to be
determined from time to time by the Secretary of the Treasury, at his
discretion, the bonds so to be paid to be distinguished at d described
by the dates and numbers, beginning for each successive payment
with the bonds of each class last dated and numbered, of the time of
-which li tended payment or redemption the Secretary of the Treasury
shall give public notice, and the interest on The particular bonds so
selected at any time to be paid shall cease at the expiration of three
months from the date of such notice."
In pursuance of the above-quoted authority the Secretary of the
Treasury hereby gives public notice that the bonds of the funded loan
of 1891, Acts of July 14, 1870, and January 20, 1871, continued at 2
per cent per annum from September 1, 1891, amounting to twentyflve million three hundred and sixty-four thousand five hundred dollars
($25,364,500) will be redeemed at the Treasury Department In the
city of Washington on and after the 18th day of August, 1900, and
that interest on said bonds will cease on said August 18.
Holders of such bonds desiring their redemption prior to the date of
their maturity under this cull may present them for that purpose at
any time before said August 18 and receive payment with accrued interest to the date of presentation.
All of the bonds above designated are registered bonds, and they
should be assigned in due form to the "Secretary of the Treasury for
redemption." All assignments should be dated and witnessed by one
of the officers named In the note printed on the back rf the bonds.
Where redemption is desired in the name of any person other than the
payee, the assignment should read, "To the Secretary of the Treasury
for redemption f(,r account of
" (here name the person, firm or
corporation in whose name payment is desired).
National banks owning bonds of the above loan lodged with the
Treasurer of the United States to secure circulation or public deposits
may obtain their redemption by substituting like amounts of other
United States bonds and forwarding to the Secretary of the Treasury
the Treasurer's receipts representing the bonds to be redeemed, accompanied by the necessary resolution authorizing such redemption
It is the purpose of the Department to mail to each national bank
having bonds lodged as above the proper blank for the resolution
herein designated.
All packages containing bonds for redemption should be addressed
to the 8ecretar> of the Treasury. Division of Loans and Currency
Washington, D C. and they should be forwarded at the risk and expense of the owners of the bonds.
L. J. GAGE,
30 1900,
00
7,470,00u oO
727,983,779 00-
$52,589,591 98
26,872,3:000
6,30115*000
2,60h.h49 00
lv8 92i1 92
13,37h, 0« OO
837 ,94 1 00
210,000 00
5.309,026 v2
6,512,17?i
67
14620
481,o^7 44
34,274 18
In national bank depositaries—
To credit of Treasurer of the
United States
104,975,784 62
To credit of United States disbursing officers
6,876,117 82
$113,162,447 61
110,861,902 84
224,014.8-9 96
1,I02,UC8,188 96'
J
Mat
.
.
.
THE CHRONICLE.
26. 1900.
[MPaBTS OF GOLD AND 81LVBK AT 8AN FRANCISCO
$2^.399,779 00
•Gold certificates
Silver certifloates
Currency certiUcates
Treasury notes of 1800
4134M?'.0i
1
000
7,170,000 CO
8a,629, 00 00
National bank 5 per cent fund ...
Oatstuiiclingchecksan^ drutts....
DisbursinK officers' balances
Post Office Department account..
Miscellaneous items
OOLU.
Ooin.
61,7«4,CM01
1899-1900.
30
——
77,8n6,P01 69
Reserre fund.
Available cash balance
$805,890,580 69
$
558,878
July
2,7l«.211 80
August
1.226.525
September 882,990
1511.000.000 00
October... 1,168,063
146,117.618 26
298, i 17,518 2d
November.
December.
$1,102,008.128 96
January...
February..
Total
SILVER.
MONTHS.
9787,993,779 00
10.077,902 4«
6.9U,2.i2 10
6,794, 7H7
10 9
Caeh balance in the Treasury Mar.31,1900, exclusive of reserve
and trustfunds
$156,792,P95 65
•Cash balance in the Treasury April 33, 1900, exclusive of re
serve and trust funds
146,117,518 Zd
Decrease darlne the month.
March
April
34..'i80
265,205
3,312
70,008
6,356
2,274,300
rot.lOmo8 6,490,217
Bullion.
Total.
9
$
Ooin.
i
,
933,080 7,423,297i 511,210 1.751,637 2.262.847
t
BulVn
Ooin.
We take from Dan's Review the following statement 1899-1900. 9
361,2^5
showing the failures in the United States by branches of July
August
457,980
trade for the mouth of April in each of the last three September 434,780
420
years:
850
November.
December.
January ..
6,885
112,345
314,490
104,490
February..
190.043!
Marcli.....
14,860
3,910
October...
FAILURES BY BRANCHES OF BUSINESS.
Avril.
Liabilities.
Hanufacturert.
and nails,
Machinery and tools
No.
1
,
Woorns,c'rp'ts&knitgoods
Cottons, lace and hosiery.,
Lumb'r.carp'nt'rs& coop'rs
Clothing and millinery.
Hats, gloves and furs
Chemicals, drugs & paints.
Printing and engraving...
Milling and bakers
Leather, shoes & harness
Liquors and tobacco
18
2
"23
26
2
1898.
lot 10 mo8 2.001.068
250.000
199,000
50.519
3,000
674,36<
61,209
$
23,000
584,648
168 000
255.000
468,383
40J,938
8,000
770,971
61,321
13
1,3(17,316
21
184,593
203,000
57,638
354,590
92,178
303,666
12.400
491,053
10
2
4
71
144,687
2,539,787
1
3
2
8
20
3
2
.S7:
& brick
2
64
40,661
37,2
1,625,842
17
2
2
12
10
12
10
4
46
Total manufacturing...
178
4,614,003
155
2,775,659
200
5.034,708
TraAers.
General stores
Groceries, meats and fish..
74
296,C05
389,079
104,157
2i4,520
80
1J5
22
35S,930
459,535
51,213
193,743
181,34H
181.174
90.611
154,5?3
91.604
83
19S
2i
57
.361.5 18
lis
QIass. earthenware
All other
Hotels and restaurants
Liquors and tobacco
Clothing and furnishing.
Dry good s and carpets
Shoes, rubbers and trunks,
Furniture and crockery...
. . .
4
28,271
31,000
11
326,0.51
7
7
39.660
11
33
61
2^
33
20
60,!^95
51
SILVER.
9
Tolal.
9
....
1,200
920
60
•
....
Ooin.
Bullion.
9
142,264
458,090 498,816
435,200; 171,388
19,816
6,885
113, 19.^
211,573
315,690 671,776
105,410 133,190
25fi,55fi
190,09a
14.860 377,366
3,910 195,255
381,2(?5
i'lO
1
9
4'')8.400
Total.
$
600,664
729,816
487,188
247.716
660,078
231,000
315,800
227,900
448,500
363,670 1,035.446
284,407
417,597
42fi,045
681,601
239.315
616,681
252,593
447,848
3,550 2,004,618 2,677,000 3.247,630l 5,921,680
No. lUabiutiei.
$
$
Iron, foundries
April
Uabilities.
9
225.636
163,836
262,021
266,727
325,922
195,908
285,804
53.639
255,508
227,953
MONTHS.
FAILURES BY BRANCHES OF TRADE.
No.
156,14';
213,315
146,476
230,233
50.977
237.311
220,775
1
OOLD.
1899.
9
147,612
144,359
204,432
155,979 714,R57! 78,023
48,316 1,274,8411 19,47G
72,124 955,114 57,589
408,361 1,576,4241 110,.580
116,558,112,607
81,978
80,276 345,481 49.497
22,316
25.628 55,571
2,562
78.160
8,152
47,650 18.197
41,294
14,284 2,288,584
7,178
Total.
EXPORTS OF GOLD kND SILVER FROM SAN FRANCISCO.
$10,676,147 29
1900.
BuUimi..
23,143!
750
"i
2!
1,7C0
80,602
76,433
263,800
131
111
4 1,000
737.963
186,491
113,,373
[From our own correspondent,]
London, Saturday. May 12, 1900.
The Stock Exchange has been weak and at tim<?8 inclined
to be apprehensive during the week, especially the departments for American, West Australian, British railway and
British Government stocks. Since tlae passage by Congress
of the Act for securing the gold standard there has been a
marked increase in speculation in the American department
here, and very much of that speculation has been on German
account, for the German Bourse laws are driving more and
more of the speculative business of Germany to London; but
the
German
speculators are not as a rule financially very
and the "break" in New York causing heavy differences made German and many British spacalators likewise
85.98fl
IS
le
Hardware, stoves & tools.
21
1»
107,563
256414 apprehensive, and selling upon a large seals occurred at the
Drugs and paints
24
1415.24:
7«.80.i
16
80,081
beginning of the week. Since then efforts were a couple of
Jewelry and clocks
11
7
16.627
100,903
49,442
times
made to put up the market, and as New York has
Books and papers
5
28,548
5
89.069
5
22.50
Hats, furs and gloves
2
2
36.050
8.500
5
28.842 not co-operated these efforts have failed.
5-3
Another
496,435
59
460.992
108
885,689
In the West Australian market the immediate trouble was
Total trading
487
709!
2,441,451
490
2,495,899
3,987.467
caused by a very heavy fall in the shares of the Associated
Brokers and transporters.
42
21
518,638
18
345.627
2,806,415
Goldfields of West Australia. The shares at one time were as
Total commercial
707
927;
9.367.802
9,761,869
666
5.790,096
high as £14 for the £1 share. The crushings were exceedingly good, and the reports sent home by the mine manager
Note.—Iron, woolens and cottons include all the branches of tnose manu- were very optimistic. Some little time ago a change in the
board of directors was made, -and the new people went out to
factures; machinery includes Implements and tools; lumber includes saw
planing, sash and door mills, carpenters and oopers; clothing includes millinery visit the property, taking some mining experts with them.
and furnishings; hats include furs and gloves; chemicals include drugs, fertUl- The report of these experts is very damaging; practically
eers, paints and oils; printing and books include engraving and maps; milling
they say that the eyes of the mine have been picked and that
includes baking; leather and shoes include makers of harness, saddlery, trunks very little development work has been done, and at one time
and rubber goods; liquors include tobacco, wines, brewers and beer; glass in- this week the shares were as low as 334^. The whole departcludes earthenware, pottery, brick, lime and cement; groceries include meats
ment was affected and naturally great suspicion of the manand fish; hotels include restaurants; dry goods include carpets and curtains
agement of other companies in West Australia has been
furniture includes
includes
and tools; and
.
9k<,ll7
209,009
239,H5a
24
26
14
422,041
168,350
242.2S3
132.5S0
61
37
31
25
27
27
strong,
l-i
'
crockery; hardware
stoves
jewelry
Includes clocks and watches. Brokers include all real estate, note, insurance
or produce dealers whose main business is not the handling of actual products,
and transporters include all except incorporated railway companies. Under
Banking are inclnded mortgage, loan, and all fiduciary concerns.
excited.
British railways are doing wonderfully well. For four or
five years in succession there has been a steady increase in
the traffics, but of late the expenses have been growing even
more rapidly than the receipts. Especially the rise in coal
and iron and in wages has affected the companies adversely.
For a considerable time British investors have been confiaing
themselves more and more to home sscurities, with the result
that British railway stocks have been capitalized at such
high rates as to yield exceedingly low dividends. At last
that the
Through the courtesy of the Collector of Customs at San the investing public seems to have recognized
prices ruling for so long are too high and that dividends are
Francisco we have received this week the details of importg much more likely to decline than to increase. Hence there
and exports of gold and silver through that port for the has been a good deal of realizing by the more far-sighted inmonth of April, and they are given below in conjunction vestors, and lately the continued selling has troubled the
IMPORTS AND EXPORTS OF GOLD AND
SILVER AT SAN FRANCISCO
with the figures for preceding months, thus completing the market.
The weakness in British Government securities, and more
results for the ten months of the fiscal year 1899-1900. The particularly in the new war loan, is due immediately to the
imports of gold were important in amount, reaching $2,. deamess of money. In allotting the war loan amongst sub288,584,
of
total since
1227,953,
of
which
|2,274,300
January of 1899.
which
$220,775
was
Of
was
in
the
there
coin,
silver
bullion.
heaviest
came
Daring
in
the
months there has been received a total of $7,423,297
gold and $3,262,847 silver, which compares with $28,981,958
gold and $1,665,056 silver in 1898-1899. The shipments of
gold daring April were only $3,910, wholly coin, and the
ten
have been $447,848, of which $195,255 was
For the ten months the exports of gold have reached
$2,004,618, against $1,337,352 in 1898-99, and $5,924,630 silver
-exports of silver
Coin.
has been sent out, against $4,395,400 in 1898-1899.
hibit for April and the ten months is as follows :
The
ex-
scribers a preference was given for the small investors; all
applicants, for example, for £500 and less were allotted in
full, while the larger applicants got very -mail proportions
of what they applied for,
Tne measure has not answered as
well as was expected; for the small applicants, knowing
that the applications would be very greatly in excess of the
stock to be allotted, applied for more than they had been
really able to pay for. In many cases people asked f^r £500
when they really wished to get not half as ma jh. The allottees
have in many cases attempted to take up the stock, but the
Bank of England is charging as much as 5 per cent; and in
some cases even 5J^ per cent has been charged upon the
security of the new loan. In fact money can be obtained
quite as cheaply and quite as freely upon shares that have
not yielded a dividend for the past 30 years as upon this new
C
THE CHRONICLE.
10£0
loan. The small allottees are grumbling much
at the action of the Bank of England. Many of them have
grown weary of paying such high interest, and the premium
Government
on the loan is gradually dwindlicg.
The Board of Trade returns for April are exceedingly satisfactory. Although there was one business day less than in
month of last year, the value of the imas much as £42,621,«76, an increase of £3,264,854,
equal to slightlv over 8}4 per cent, and the value of the exports of Hritish and Irish produce and manufactures was
£22,645.147, an increase of £3,187,601, or more than 16J^ per
It must be added, however, that the increases are
cent.
largely due to the higher prices now ruling. la many cases,
indeed, the quantity both of the imports and of the exports
is less than in April, 1899, although the value shows a very
considerable increase.
Money continues scarce and dear, and seems likely to remain 80 throughout the summer. The Bank of England, as
stated above, is charging 5 per cent for loans; while it is
discounting at 43^ per cent. There is a good deal of dissatisfaction in the open market at the action of the Bank of England. The charging more for leans than for discounts is objected to, but that is a matter which affects the competitors
of the Bank rather than the general public.
more important objection is that the Bank lately lowered its buying:
price for gold and stopped giving facilities to importers of
the metal which it bad afforded before Christmas. Now that
gold is being shipped from New York and the Bank of
France has not only put up its buying price but is giving
every facility for the import of the metal, there is much
grumbling in London that the Bank has not done the same.
For the Bank of France, not being obliged to pay gold, can,
if it pleases, retain all the gold it may now obtain from New
York, and consequenlly the Bank of England next October
or November may find itself in a very uncomfortable position, the Bank of France refusing to let gold go and New
York having parted with as much as it is convenient to ship.
The Bank of England has indeed somewhat raised its buying
price; but the outside market alleges that the rise i? not sufficient to attract gold and up to the present, at all events,
the Bank refuses to give facilities to those who are willing to
import the metal.
Meantime the Bank of France is strengthening itself, and
the ecarcity of money in Berlin is not so great as it was.
the corresponding
was
ports
:
A
LXX.
[Vol.
The following shows the imports of cereal produce into the
United Kingdom during the thirty-six weeks of the season
compared with previous seasons:
IMPOBTg.
1899-00.
1898-9.
1897-8.
1896-7.
Imports ofwheat,cwt.40,5 87,200 41,303,450 44,025,510 47,366,830
Barley
12,200,500 18,279,843 15,508.764 16,874,990
Oats
12,376,500
9,948,520 10,345,660 11,606,480
Peas
1,992,700
1,676.630
1,838,430
2,364,745
Beans
1,327,300
1,451,000
1,936,060
2,020,370
Indian Com
40,361,100 37,780,260 35,1.52,400 43,466,080
Flour
14,604,100 16,155,230 15,335,930 15,254,400
Supplies available for consumption (exclusive of stocks on
September
1):
1898-9.
1899.()0_
WTieatlmported, owt.40,587,26o
Imports of flour
14,604,100
Sales of home-grown.23,862,089
Total
79,053,389
1899-00.
1897-8.
1896-7.
41,303,450
16,155,230
24,734,279
44,025,5io 47,366,830
15,335,930 15,254,400
19,854,004 18,631,987
82,192,959
1898-9.
79,215,444
81,253,217
1897-8.
428. 4d.
34s. 7d.
288. 4<!L
28b. lid.
/Lver.prlce wheat, week 25$. lid.
Average price, season. 26s. Od.
258.
26s.
3d.
5d.
The following shows the quantities
afloat to the United Kingdom:
TMs week. Last week.
1896-7.
of wheat, flour
and
maize
Wheat
3,005,000
335,000
580,000
qrs..
Flour, equal to qrs..
Maize
qrs..
3,150,000
290,000
510,000
1898.
2,470,000
260,000
1899.
2,980,000
345,000
585,000
615,000
British imports since Jan. 1 have been as follows
1900.
1899.
Difference,
Imports.
Per Ot.
£
£
£
-(-8-1
January
44,560,849
41,216,606
-f3.344,243
4-5-8
February....
37,604,808
35,539,109
-t-2,065,699
-1-8-26
March
44,922,134
41,492,388
-f3,429,746
-(-8'29
April
-1-3,264,854
42,621,876
39,357,022
The
:
Fourmos.. 169,694,767
The exports since Jan.
157,551,443
am.
Exports.
January
February
March
April
1
-1-12,143,324
-1-7-77
have been as follows
1900.
1899.
23,583,682
23,219,849
25,395,699
22,645,147
20,347,234
19,382,406
22,324,401
19,457,646
Difference.
£
Per
-F3,236,448
-f-3,*<37,443
-1-3,071,298
-t-3,187,601
01.
-fl5-9
-Hl9*7
-fl3-75
-I-16-38
;
Undoubtedly the Government has put pressure upon the
banks, and the banks in turn have put pressure upon their
customers, und in consequence the speculative account has
been reduced. Therefore the position is better than it was;
that the present comparative cheapness of money is
believed by the well-informed to be quite deceptive, and it is
expected that before midsummer the Imperial Bank will
have to put up its rate. In any case, every one anticipates
very great stringency again in the autumn.
The India Council is not successful in the sale of its drafts.
On Wednesday it offered for tender 30 lacs and the applications were for a little under 14^^ lacs. The Council allotted
only IJ^ lacs, at Is. 4 l-32d, per rupee. Later, however, the
Council sold by private contract a little under two-thirds of
a lac at Is. 3 29-32d. Next week 30 lacs will again be offered for tender.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.
but for
Re-exports,
January
February
1900.
1899.
£
£
Difference.
£
Per
5,482,465
5,575,325
5,666,338
5,860,547
6,120,260
5,878,110
5,242,270
5,968,665
-1-362.205
Ot.
-|-7'07
—302,785
+424,068
-108,118
—5-1
4-808
—1-81
22,584,675
22,209,305
-^375,370
4-1-69
March
April
all
1900.
May 9.
£
Wrcnlatlon
Public deposits
Other deposits
Government
securities
Other securities
Reserve of notes and coin
Coin & bullion, both departm'ts
Prop, reserve to liabilities.. D.c.
Bankrate,
percent.
Consols, 2% per cent.
Wlver....^.
Clearlng-House returng
29,766,630
7,?88,116
41,719.280
14,619 8'8
32,237.004
20.3i3,556
82,3^4,186
i)]4
4
100 3-16
i7]4i.
154,308,000
1899.
May
1898.
May
10.
27,723,260
11.389,5:0
87,791,803
18,373,128
34,163,561
19.474,428
80,397,686
tl9>i
3
110)^
Vi.
£
For account
Fr'ch rentes (in Paris) fr,
Spanish 4s
81B;6
Anaconda Mining
Atoh. Top. <fe Santa Fe..
Preferred
2718
Canadian Pacific
25.611,289
86,2 0.684
Chesapeake* Ohio..
29
Ohio. Mil.
261-164.
27^a.
•2
i)3?^
Ui
160.526,000
128,252,0'
Wed.
Thurt.
Fri,
27-69
2758
27 58
279,6
27»t6
101 12 101
10118
lOlSie 10138
lOin,^ 10168 lOHifl lOlSjg 10138 10138
01-021S OI-0712 101-00 100-t»5 100-95 0100
72i«
72 14
7238
7238
7216
7238
28.(152,106
5t^
Tues,
2758
8:^14
96ifl
Baltimore
& Ohio
78^8
Preferred..
&
73^
IVOI9
I913
Den. &
Do
do Preferred. 7II4
I213
Erie, common
Ist preferred
37%
2d preferred
19H
116ifl
nUnois Central
Paul.
Bio Gr., com..
St.
& Nashville.. 83%
A Tex., com. 1158
3438
Preferred.
N. Y. Cenfl & Hudson 135
S. Y. Ontt-rio & West'n 2218
37 1«
Norfolk & Western
8 '8
8%
2658
7358
7938
831a
9658
2618
7288
26I4
79
781*
8238
95I3
82%
95%
29
120
I9I3
7118
12%
701a
121^
38
37
I914
I914
116
Louisville
82%
Mo. Kan.
1168
Do
Northern
do
pref.
Pacific, com..
Preferred
Pennsylvania
*PhUa. &Read
*Phlla. &Read.,lstpref.
* Phlla. & Read. 2d pref.
• onthern Pacific
•outh'n Railway, com..
Preferred
,
Onion Paoiflc
Preferred
Wabash, preferred
Deb. "B"
* Price per share.
801a
6II4
75^8
34%
I35I4
2218
3768
801a
611a
76 14
66%
66%
9
9
28-^8
2878
1458
3538
13
1414
35%
13
28 13
119
19
5718
6Bia
7558
2238
57
39 13
39%
5678
76
22
115ifl
81%
IIH
33%
135
2158
3618
80
6058
76
66i«
8%
28-*
I4ia
34 38
12%
56I4
5514
75 13
211a
3938
8»i6
72%
28I3
II9I4
8%
26I4
7278
781a
8268
95B8
28I3
11878
8ifl
26
7214
77%
82
96 14
2814^
118%
18%
18%
18%
70
70 J4
121a
3714
1914
1151a
8214
1238
691a
123a
37
87
I914
34
1151a
82
lli«
34 14
1351a
134%
3668
8OI3
2178
3678
811a
im
21%
1914
11519
SIH
III4.
34
1341s
211a
36i«
8II9
61%
76%
61
77
62
661a
661a
66I4
29
28%
14<i»
121a
1468
353a
1278
56
56 14
56
5514
55%
55k
75%
21%
7558
22
7519
211a
3938
8938
39
878
2868
141a
36
76ifl
8%
8%
121a
for bullion are reported as follows:
Gold.
May
May
SiLVEK.
10.
3.
London Standard,
s.
oz.
d,
13,842,t88
London Standard.
Japanese yen
per ounce
Mon.
Consols., new, 2\ p. cts. lOl^ie
13,187,953
35,775.X52
23,812,767
34,569 412
48ik
4
44M26
273i8d.
gold, fine
oz.
gold coln...oz.
Germ'n gold coin.oz.
French gold coin.oz.
Silver,
Sat,
?9
:
8.
London.
27,409.295
lO.lt'S 734
:
Bar
Ensllsb Financial markets— Per Cable.
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending May 25.
43,f>lt5,i41
&
The quotations
Four mos...
Note.—The aggregate figures are offlcial. They Indicate that slight
adjustments have been made iu the monthly figures as published.
87,656,645
11,403,473
2bHa.
158,409,000
1897.
May
11.
£
£
*May 13, 1897.
Messrs, Pixley
Abell write as follows under date of May 10:
Gold— There has been very little business during the week, and the
small amount of bars offering has mostly been taken for the trade.
The Bank has received £28,000 m German coin and £65,000 in sovereigns, making a total of £93,000, while £30,000 has been taken for
South Africa and £10,000 for South America. Arrivals for the week:
Australia, £60,000; West Indies, £20,000. Total, £80,000.
Shipments Bombay, May 10, £30,000. For the month of April— Arrivals:
Germany. £11 0.COO; France, £49,000. Shipments: France, £6,000;
Japan, £310,000.
Silver, with go« d inquiry for home coinage, improved to 2758d., but
at that price America became a large seller and forced the market
down 10 27i«d., when India came in, and with a renewal of the special
coinage orders the price has hardened to 27B,6d. The last Indian
price is R8.70i« per 100 tolahs. Arrivals for the week
New York,
£218,000: Australia, £16,000; New Zealand. £4,000; West Indies.
£15,000. Total, £253,01 0. Shipments: Bombay. £88,000, Fertile
month of April- Arrivals: Germany, £71,000; Prance, £8,000.
Shipments: Russia, £115,(00; France, £98,000.
Dollars— These coin have been dealt in fairly freely at
nr^®-^*^*"^
U.
Fourmos... 94,765,499
81,511,587
-I-16-26
-f-13.253,982
The re exports of foreign and colonial produce since Jan. 1
show the following contrast:
d.
77 9
76 4
76 4i«
76 419
76 33t
8.
d.
May May
10.
3
d.
d
77 914 Bar silver, flne...oz. 27i« 279jfl
76 3s^ Bar sliver, contaln'g
76 4i«
do 5 grs. gold.oz. 28
76 4^3
do 4 grs. gold.oz. 27i3u 27 ''s
do 3 grs. gold.oz. 27 "s 27lli«
76 3^
Oake silver
oz. 29 sa
2911x6
Mexican dollars. oz. 27^8 27 1«
National Banks.— The following information regarding
is from the Treasury Department.
national banks
NATIONAL BANKS OHOANIZED.
Certificates Issited April SO.
5,315— The First National Bank of Montpeller. Ohio. Capital, $30,0C0.
Calvin Hathawav, President; Orus M. Burns, Cashier.
5,316-The First National Bank of AfSiimptlon, Illinois. Capital,.
$25,000. August Oazalet, President; A. H. Corzlue, Cashier.
.
May
. ..
THE CHRONICLE.
26, 1900.]
Certificates Issued Miy 1.
5,317—The Coos County National Bank of Groveton,
New
Hampshire.
Capital, $25,000. Charles T. MoNally, President; Stetson W.
Cushlnft. C isliier.
8,318—The Lowry National Banfr of Atlanta. Georgia. Capital, $^00,000. Robert J. Lowry, President; Joseph T. Orme, Cashier.
5,319—The First National Banlf of Moulton, Iowa. Cauital, $25,000.
J. A. Bradley, President; W. C. Siickuey. Cashier.
6,320—The Farmers and Mechanics' National Banli of Parkersburg,
West Virginia. Capital. $100,000. .T. F. Woodyard. President; S.T. Mallory, Vice-President; John R. Wallace, Cashier.
Certificates Issued May 2.
5,321—The First National Bank of East Brady, Pennsylvania. Capital, $25,000.
William J. Mildren, President; J. W. Hill,
5,322— The First National Bank of Piper City, Illinola. Capital, $50..
OOO. John A. Montelius; President. J. K. Monteliiis, Cashier.
5,323— The First National Bank of Ludlow, Kentucky. Capital, $25,OOO. R. H. Flemming, President; Abner V. C. Grant, CashierCertificates Issued May 3,
6,324—The First National Bank of Celeste, Texas. Capital, $30,000.
M. K. Harrell, President; H.
8.
The following table shows the exports and imports of
specie at the port of New York for the week ending May 19
and since January 1, 1900, and for the corresponding period*
In 1899 and 1898.
BXPOBTB AND IMPORTS OF SPECIE AT NEW YORK.
Week.
Great Britain
France ... ........
Certificates Issued
,
Certificates Issued May 7.
6,334- •The First National Bank of Greenfield, Iowa. Capital, $25,000.
A. P. Littleton, President; H. N. Llnebarger, Cashier.
5,335- The First National Bank of Enid, Oklahoma Territory. Capital,
$25^000. John Murphy, President; John A. Marphy, Cashier.
6,336- -The First National Bank of Highland, New York. Capital,
$25,000. George W. Rose, President; Charles L. DuBois,
Total 1900
Total 1899
Total 1898
Certificates Issued May S.
6,339- -The First National Bank of Wyalusing, Pennsylvania. Capital,
Justus V. Taylor, President; Clinton J. Lewis,
0.
$25
Cashier.
5,340- -The First National Bank of Rookwood, Pennsylvania. Capital,
$25,000. Penrose Wolf President James M. Cover, Cashier.
5,341- -The MoDtpelier National Bank, Montpelier, Ohio.
Capital,
$50,000. John Lantz, President; J. D. Hill, Cashier.
6,342- -The First National Bank of Eldon, Iowa. Capital, $25,000.
D. 0. Bradley, President; H. E. Ritz, Cashier.
,
;
Certificates Issued May 9.
5,343- -The Citizens' National Bank of Tyler, Texas. Capital, $100,0008. H. Cox, President; J. W. Wright, Cashier.
5,314- -The First National Bank of Minerva, Ohio. Capital, $25,000.
Nathan B Deford, President; Edwin S. Deford, Cashier.
5,345- -The First National Bank of Marietta, Indian Territory. CapiWilliam S. Derrick, President; James H. Dertal. $25,000.
rick, Cashier.
Certificate Issued May 10.
5,346- -The First National Bank of St. Edward, Nebraska. Capital,
$25,000. A. D. Hlnman, President; W. G. Gaines, Cashier.
Certificate Issued May 11.
8,347- -The Stillwater National Bank, Stillwater, Oklahoma. Capital,
$25,000. Shelby W. Keiser, President; E. E. Good, Cashier.
Certificate Issued May 12,
5,348- -The First National Bank of Manlstique, Michigan. Capital,
$25,000. M. Blumrosen, President; Wm. 8. Crowe, Cashier.
—
Imports and Exports for the Week. The following are
New Yox^ for the week ending for dry goods
May 17 and for the week ending for general merchandise
May 18 also totals since beginning first week January.
the impa ts at
Since Jan.
1.
$89,129
254,760
1,582,185
22,700
3,270,641
151,175
T27!395
130,474
252,093
37,749
$4,050
11,925[
8.400
$3,231,464 $17,921,493
63,571
4,382,049
10,000
4,571,079
$24,375! $1,214,875
466,931
6.441,160
2,600,217 67,028,584
Imports.
Exports,
Silver.
Week.
Great Britain
France ....
...
Germany
West Indies
Mexico
3onth America
Since Jan.l.
Total 1900
Total 1899
Total 1898
Week.
$1,264,245 $18,993,360
22,000
310,556
4,100
13,960
153,048
Since Jan. 1.
$59,514
965
78,471
2,628
86,228
1,069.630
49,789
3,685
641
338,323
$1,^00,205 $19,514,638
898,550 19,306,77 2
722,931 16,385,581
$79,282
133,776
99,200
All other countries.
'6170
4,321
$1,661,659
1,310,498
1.116.970
Of the above imports for the week in 1900, $3,200 were
American gold coin. Of the exports during the same time
$^32,* 35 Were American gold coin and $11,440 were American
silver coin.
Note.— Week's exports include $28,163 gold to West Indies, eto.«
and $251,670 silver to London, etc., shipped May 2 to 12 but reported
too late to be Included in previous week's statement.
New \ork —Monthly Statement. — In
Foreign Trade of
addition to the other tables given in this department, made
up from weekly returns, we give the following figures for
the full months, also issued by our New York Custom House.
The first statement covers the total imports and exports of
merchandise and the Customs receipts for the ten montha
of the last two seasons.
Cashier.
6,337- -The First National Bank of Humphrey. Nebraska. Capital,
$25,000. Bey Marty n, President; Lee Marty n. Cashier.
5,338- The National Bank of Nocona, Texas. Capital, $30,000. Edward Rines, President; E. F. Rines, Ca-hler.
28,113
1,250
5,000
Idl other countries.
6,329—The
Certificates Isbued May 5.
5,331- •The First National Bank of Midland, Maryland. Capital, $25,000. Marx Wiueland, President;
Cashier.
6,332- -The Citizens' National Bank of Cumberland. Maryland. Capital, $100,000
George L, Wellington, President; Wm. L.
Morgan, Cashier.
6,333—The First National Bank of High Bridge, New Jersey. Capital,
$30,0(10. Peroival Chrystie, President; Abram L. Beavers,
Cashier.
Week.
1.
$3,652,400
9,242,3J2
$3,l'97,ioi
West Indies
Mexico
South America
May 4.
First National Bank of Lowell, Ohio. Capital, $25,000;
William Wendell, President; John O. Bauer, Cashier.
6,330—The First National Bank of StewartvUle, Minnesota. Capital,
$25,tOO. A. L. Brush, President;
, Cashier.
Since Jan.
Germanv
Rogers. Cashier.
,
Imports.
Ezportt.
Gold.
5,325—The First National Bank of Saint Jo, Texas.
Capital, $ '0,000.
Charles C. HemrainR, President; Thomas E. Bowers, Cashier.
5,326—The Citizens' National Bank of Covington, Virginia. Capital,
$50.0Di». R. F. Bopes. President,
Cashier.
5,327—The First National Bank of Oakdale. Pennsylvania. Capital,
$."50,000
Alexander MoFarland, President; William J. Cassidy. Cashier.
5,328—The First National Bank of Klnefisher. Oklahoma. Capital,
Abraham J. Seay, President; George Newer,
$25,000.
Cashier.
1031
NEW YORK. COSTOM8 REOBIPTB
AT New York.
Exports.
.MERCHANDISE MOVEMENT AT
Month.
Imports.
1899-190O
1898-99.
<
39,C03,134
C
32,914,621
$
87,93^,046
31,662,661
42,557,341
33,227,081
42,367,534
36,494,353
13,7fc0,471
41,979,217
46,446.435
39,396,057
36,701,747
11,740,920
13,272,556
46,338,863
38.208,664
43,765,888
40.005,318
44,379,915
41,203,936
4-2,584,507
32,119,230
33,894,124
34,933,364
49,653,620
March
39,349,978
41,406,582
60,697,958
42,752,562
43.983,408
66,961,5-1
April
45,923,244
43.849,067
40,216,704
49,305.857
44,721,0 5
July
August
September
October
...
November.
December.
lanuary...
February...
Total...
1899-1900.
1898-i9.
1899-1900.
»
t
11,683,484
1898-99.
t
9,960,294
10,906,449
11,012,241
10,188,891
40,400,001
12,683,614
43,678,13C
12.780,984
9,981,300
11,685,839
38,149.094
14,810.389
12,517,204
33,396,871
13.477,203
12.198,993
42,060,954
13,623,229
13,564,702
37,477,254
11,891,931
11,626,239
155,362.1 P9 3S0,60O,571 424,81)2.036 381.124,990 1S0.043.';84 l'8,f31.137
The imports and exports of gold and
months have been as follows
for the ten
silver
:
QoLD Movement at New York.
MONTH.
Imports.
1899-1900.
385,S4 2
Exports.
1898-99.
t
July
SILVER— New Yobk
1899-1900.
$
C
791,444
19,930
1,764,927
1898-99.
$
66.103
635,122
2,678.139
Imports.
Exports.
1899-1900.
1899-1900.
$
1
1,608.516
3,878,036
1,509,6S6
3,227,053
1.053.310
3,099,507
1.011,030
9fc6.98C
4,393.056
649,098
1,089,536
8,648,868
1,498.581
August
1,109,436
8,993,450
September.October.
754,571
3.969,248
167,569
12,465,248
9,616,015
684,041
76,227
84,927
68,900
801,787
620.3H8
318,911
2,769,477
11,514,706
1,195,071
2,560,239
5,166,071
1,484,074
831,823
1,282,710
1,057.848
1,192,669
1.025.382
2e4,193
1,720,896
4,637,568
4,107,865
4, 125,986
723.78t<
1,6^8,062
4,684,686
714,495
1.706,312
1,103.581
2,054,913
8,429,674
36,838,448
21,615,568
9,710,146
13,965.295
38,702.377
.
November..
December.
Jannary ...
S'ebrnary..
March
212,525
219,964
April
;
Total...
FOREIGN IMPOKTS.
Far week.
1900.
Dry
Gtoods
Gen'l mer'dlse
Total
Since Jan.
1899.
1898.
1897.
8,435,632
$1,603,559
9,537.456
$1,299,364
6,876,052
$2,873,284
8,097,730
$10,262,936
$11,146,015
$8,175,416
$10,971,014
$54,629,756
172,518,842
$44,266,639
166,389,087
$41,55<',438
$58,648,209
161,392,411
$1,827,.304
1
Dry Goods
Gen'l mer'dlse
137,215,365
Total 20 weeks $227,148,598 $210,655,726 $178,773,801 $220,040,620
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending May 31, and from January 1 to date.
EXPORTS FROM NEW YORK FOR THE WEEK.
•peoie)
Per the week..
PreT. reported
1900.
1899.
$10,293,604
230,789,986
$8,322,232
175,877,353
1898.
1897.
$12,149,857 $10,127,166
180,133,311 146,990,700
Total 20 weeks $241,083,589 $184,199,585 $192,288,168 $157,117,866
8.060.261
Changes in Legal Tenders and National Bank Notes to
1. — The
Comptroller of the Currency has furnished
May
us the following, showing the amounts of national bank notes
April 1, together with the amounts outstanding May 1,
and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bank notes
up
to
May
National
1.
Bank yotes—
Imount outstanding April 1,1900.
Imount Issued during April
imoant retired during April
Amount outstanding May
1,
5,632,532
1900*
Legal Tender Notes—
A,mounton deposit to redeem national bank
notes April l, 1900
Amount deposited during April
iimt. reissued and bank notes retired In Apr.
Amount on deposit
$270,953,068
$19957.790
14,325,258
$285,278,326
$37,66?,838
$3,022,220
1,479,894
1,542.326
redeem national
bank notes May 1, 1900
$39,211,164
*Glrcalatlon of National Gold Banks, not Incladed In above, $81,040
to
'
.
X—
—
.
.
THE CHRONICLE.
10H2
[Vol.
LXX.
Coinage by United States Mints.— The following stateAccording to the above the amount of legal tenders on
May 1 with the Treasurer of the United States to caent, kindly furnished us by the Director of the Mint, shows
redeem national bank notes was |39,211,164. The portion of the coinage at the mints of the United States dm ing April
this deposit made ( ) by banks becoming insolvent, (2) by and the four months of 1900.
banks going into voluntary liquidation, and (3) by banks reFour Months 1900.
ducing or retiring their circulation, was as follows on the
April, 1900.
Denominations.
first of each of the last five months.
Vattte.
deposit
i
Value.
Piecet.
Deposits oy—
Jan.
March
Feb. 1.
1.
Apr.
1.
May
1.
1.
36,435,538 36.820.404 35,824,849 37,668,838 39,211,164
Total.
»Aot ol June 20, 1874. and July 12. 1882.
QOVBRNMENT REVENUE AND EXPENDITUBES.— Through
Ch«
courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursemects for the month of April. From
previous returns we obtain the figures for previous months
and in that manner complete the statement for the ten
months
of the fiscal years 1899-1900
and
a a
mm
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h-
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l-l
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2,922,000
Half dollars
Quarter dollars. ...
1.0<'4,000
1,328.000
1,740,000
2,922,000
502.000
332,000
174,000
10.512,377 10,512.377
864,349
1.728,699
3,435." 90
858,772
340,C38
3,400,377
6,994,000
3,930,000
19,076,543 12,575,536
Dimes
Total sliver
Five-cent nickel. . .
l,.'589.O00
One-cent bronze
4,303,000
79,450
43,030
7,234.C77
19,987,877
361,744
199,879
Total minor
5,892,000
122,480
27,222,754
561,623
Total coinage
13,532,100
16,974,480
Capital. Swrplut.
CO
-3
CO
-3
x?
ho
COG003
ot
CTocoaoaocD
coos -SOTO GO
to
CO
to
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—
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Ol
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tscox
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East River
Fourth...
Central
O"
First
.........
New York County...
S"
German American..
Chase
JS
Fifth Avenue
G«rman Exchange..
Germ aula
3;?
Garfield
Fifth
[ft
Lincoln
Bank of the Metrop.
West Side
<I OD CO
^0
Deducted from February, "Miscellaneous" 1900
>
,
*'',w46,194
(9
Received on account Central Pacific indebtedness
,, 5
t Deducted from March, " Miscellaneous " 1899
) ,
,.
at
a 1 a
1'>'8S,314 14
Received on account of Central Pacific Indebtedness
S
* Including payment of $20,000,000 Treaty obligation with Spain.
•
Boweiy
s
'a'ai'o^
l-l
Continental
Oriental
Second
Ninth
-1 CO
—
tx-IOS
Nassau
Market & Fulton...
Shoe <fe Leather
Com Exchange
<»'
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Citizens'
N. Y. Nat'lExch'ge.
K> CO*".'*
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Park
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Importers'ATrad'rs
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People's
tots 01 CO
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Chatham
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Batchers' <fc Drov'rs'
MechanlC8'<& Trad's'
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oasts'*
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OS
•5 XO5 00 O5O0
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CO
00
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OSCT-J
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o«
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t-^
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Ol
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tota
OOD
Dollars
Merchants' Exch'ge
Qoce
*^ r^
VICX)
2,73^642 50,435,140
Chemical
I
H>a>
12,922,000
America
Phenlx
o
10.C0
646,100
Total gold
Merchants'
Meohanios'
•1
220
88
Hanbattan Co
eoco-ij
«-
coo
Eagles
Half eagles
Quarter eagles
banks
Bank of New York
.
^3?
""9
2,324,513 46,490,260
374,891 3,748,910
39,150
195,750
12,922,000
49,037,939 63,572,299
New York City Clearing House Banks.- Statement of
condition for the week ending May 19, based on average of
daily results.
We omit two ciphers (00) in all cases.
(000 omitted.)
o
2,
646.100
1898-1899.
BECBIPTS AND DISBURSEMENTS
S (B 4
a a-
S
9
Double eagles
Insole ntbkB. 1,523,590 1,447.8-20 1,381,507 1,408,489 1,327,914
Llquid'g bfes. 8,124,607 8,156,060 8,014,981 8,100,574 8,646,282
Red'o'gund.*
act of 1874. 26.787,341 27,216,524 26,428,361 28,159,775 29,236,968
Pieces.
..
To make the figures conform to the Government statement, the amount mentioned in above foot-note should be
added to the Receipts as indicated therein. We have deducted this item, as i^ does not belong to the regular income
account, and if included would disturb the comparison with
former and future years.
Seaboard
Western
First Nat'LB'klyn..
Liberty
N. Y. Prod. Exch'ge
Bk.of N.Amsterdam
Astor
Hide <& Leather
$2,000,0
2,050,0
2,000,0
2,000,0
1,500,0
1,000,0
10,000,0
300,0
600,0
1,000,0
300,0
400,0
200,0
600,0
300,0
1,200,0
5,000,0
10,000,0
1,000,0
1,000,0
422,7
1,500,0
450,0
200,0
1,000,0
1,000.0
500,0
600,0
500,0
900,0
1,000,0
1,400,0
1,000,0
300,0
1,500,0
2,000,0
250,0
3,000.0
1,000,0
300,0
750,0
500,0
300,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
200,0
200,0
300,0
200,0
500,0
2.100,0
300,0
500,0
1,000,0
250,0
350,0
600,0
Loa/n».
Specie
$2,0C7,8 $14,436
$2,139,0
2,098,2 19,645,0 2,600,0
1,226,6 13,890,4 2,327,4
2,260,6 12,568,0 1,838,0
2,866,5 21,569,6 4,422,7
256,9
4,783,0 1,065,0
6,420,6 94,686,8 30,502,0
6,780,3 24,253,0 4,022,2
218,2
4,685,1
783,4
1,840,5
8,854,4 1,065,2
260.2
88,9
1,016,0
111,1
193,0
2,073,0
988,8
102,1
176,6
500,4
3,681,7
661,8
215,6
3,626,1
644,6
4,178,8
240,3
564,8
3.106,8 30,390,0 5,193,0
6,671.1 59,071,5 8,327,0
6,206,4 1,496,7
1,672,8
1,206,3 12,962,4 2.379,2
491,9
495,7
2,523,5
1,144,3 19,418,0 4,004,7
6,131,4
597,2
988,6
226,4
320,0
2,022,3
640,2 11,744,8 2,330,3
2,973,8 39,623,5 10,733,7
4,166,0
444,9
806,5
402,1
3,379,7
653,7
277,7
2,647,2
449,8
6,527,7 1,349,4
1,006,9
3.648,6
197,3
773,3
1,718,8 18,810,5 2,124,1
4,707,4
507,3
895,8
2,002,5
396,7
173,0
6,058,8 25,.512,0 6,398,0
45,023,0
12,«
14,0
3,440,7
1,248,0
.322,1
159,1
2,375,2 23.230,1 4,163,3
544,>'
10,557,0 2,293,0
8,325,0 1,785,0
815,2
2,544,6
182,0
490.0
9,110,5 38,161,7 9,369,1
3,0 6,4
605,8
99,8
682,5
3,351,0
477,0
433,('
3,270,9
838,t5
3,255,6
482,3
327,0
1,913,3 37,137,0 8,234,3
8,408,9 2,109,2
1,257,4
2,650,5
619,6
170,6
3,048,9
401,9
797,9
867,0 11,016,0 2,418,6
6,496,6 1,774,9
1,064,2
2,153,9
355,2
611,7
6,253,4 1,114.7
963,8
2,636,0
411,(J
393,8
718,7 11,637,0 l,867,f
1,595,1 33,496,3 8,264,3
4,626,0
515,3
566,0
529,6
5,543,3 1,071,5
391,2
3,977,3
497,6
4,763,2
560,4
393,7
3,748,0
519,1
230,7
289,3
2,529,8
3366
72,222,7 87,979,3 788,225,4 1649291
Total.
LegaU.
Deposit:
$1,261,0
4,235,0
1,769,8
875,0
1,600,2
146,0
4,806,0
3,136,8
523,9
817,8
40,8
219,0
135,3
214,8
425,9
442,1
1,946,0
4,836,0
314,8
1,391,8
571,2
778,7
988,6
452,7
1,042,6
2,313,5
562,6
171,7
312,8
656.8
219,4
2,937,0
523,8
447,2
1,297,0
4,436,0
179,2
1,939,1
1,222.0
645,0
210,4
1,616,7
283,2
353,0
419,3
247,1
4.003,9
413,4
583,0
401,5
591,9
447,4
166,5
692,8
336,0
2,128,0
2,181,1
$13,961,0
23,397.0
16,046,0
12,274,0
24,368,5
4,741,0
114,730,2
24,694,1
6,208,3
7,181,8
1,061,8
2,278,0
870,9
3,401,8
4,590,3
3.403,2
25.646,0
60,109.9
6,846,4
13,663,9
3,553,6
20,917.9
6,244,8
2,703,1
13,122,6
48.962,2
4,670,0
3,420,1
2,988,4
7,073.0
3,959,9
21,672,3
6,760,8
2,070,0
25,739,0
57,079.0
1,544,0
24,407,4
13,630,0
9,289,0
2.723,0
39,729,9
3,269,3
3,473,0
4,277,6
3,120,6
45,701,0
9,593,6
3,160,6
4,278,3
12,684,0
7,859,7
2,337.4
7,340,1
2,840,0
14,469.0
40,203,1
834,6:
5,044,0
5,439,4
324,4
3,666,2
455,8
6,670,3
884.0
3,887,0
291,5
1,796,2
92,9
68,781,21868,620,8
New York City, Boston & Pliiladelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing
House lianks of New York City, Boston and Philadelphia.
The New York figures do not include results for the non-
Treasury Currency Holdings.—The following compilabased on official Government statements indicates the member banks.
tion,
currency holdings of the Treasury on the
March, April and May, 1900.
TKEA8URT NET HOLDINGS.
_
aoldinoB in
Ret
Feb.
1900.
Sub-Trensuriea—
t
ROld coin and bullion
2'8,613,717
Metsilver coin and bullion
Het U. 8. Treasury notes
Hetlegal-tender note?
Net national bank notes
Net fractional si ver
12.7.S5,9P1
1.854,540
14,600,704
6.182,082
4,917,001
I
Oash
In Sub-Treasuries
.
1.
Mch.
1, '00.
S
first of
Apr.
February
Mavl.
'00
*
248,S.';R,064
3,7P0,08,S
229.461,962
8,936.7f9
1.2.'=2.773
724,P41
9,543,372
8S7,9n
.258,004.83.'5
264,795,086
107,936,660 111,793,547
$
$
$
$
May
"
"
28..
6..
12..
19..
774.648, 6 1634689
16547H8
1637907
788,225,4 1649201
66,821,0852,062,5
67,787,5 869.156.3
68,S53,6 867,246,3
68,781,2 868,620,3
67,661,9 179,164,,0 15.002,0
67,651,9 177.371,,0 14,912,0
67.661,9 178,394,,0|14,796,0
7,859,0202.845,0
8,326,0 202,354,0
8,635,0 202,701,0
167.665,8
157.565,8
160.202.0
160.202,0
787,770,1
787,482,]1
May
6..
5..
35,345,4 143,617.
•'
12..
"
119..
35,345,4, 144,09'-;,
35,345,4 146,899,
373
*
306.7fl2.OP5
596.117,548
150,000.000
l.'VO.COO.OOO
lo6,792,995
146,117.548
40ft .S42
Oirc'l'n, CUarifits,
9
21,128,3
21,218.1
21,308,1
21,617,0
10644467
11687010
996,720,2
10068635
Bob.*
110,861,902
298,869.824
'OhieflT dlibariine officeri' balajicea."
$
110,642,115
292,480,973
298,86'i,824
N. Y.»
May
77.380,794
292,490,973
Deposits.^
262,fl46,4J0
8l).616,176
Available cash balance
Legale.
5,373,882
387,309.171
*
Specie.
276,fl67,0.=6
376,688.638
78.225,809
4lold reserve fund.
Loans.
12,688,568
6,809.036
6,612,174
S.876,'rit
Amount In national banks.
OnHh In banks* sub-treas.. 366,841.485
74,330,512
Deduct current liabilities*
—
Capitol A
Surpliu.
Apr.
1, 'eo.
832,225,336
9.161,839
13,069,660
8.776,847
5.308,841
Banks.
"
"
IS..
19..
4,638,0 139.961.9
4,639,0 119.608,1
4,748,0 112,608,6
Phlla.»
52,929,0
53,768,0
66,339,0
We omit Pivo ciphers in all these rtgxires.
t IncludiuK for Boston and PhilnUolpliia the
175,863,0
177,712,0
184,091,0
6,733,0 100,323.8
6.805.0 84,009,8
7.102.01 93,623,9
item "dae to other banks."
Reports of Non Member Banks.— The following is the
statement of condition of the uon-member banks for the
week ending May 19, based on averages of the daily result.
We omit two ciphers (00) in ail canes.
I
—
.
May
:
..
THE CHRONICLE
26, 1900.J
BANKS.
Capi-
(00s omitted.)
tal.
Sur- Loans
Leq.T. Deposit, with
Net
JcB'k. Clear'g Other Deposit*
Ifotes. Agent. Bks.Ac
A
Investr- Specie
plus.
ments.
Citt.
Borough of
Manhattan,
Colonial . <
Colami'la
Eleventti Ward
.
Foarteenth Street.
Oan^jevoort
Hamilton
Monut
Morris
Matnal
200,11
100,l»
Nlneteentli Ward.
Plaza.
Blverside
State
100,0
100,0
100,0
200.0
100,0
200,0
100,0
Twelfth Ward
Twenty-third W'd.
Union Square
Yorkvllle
Borough of
»
t
106,6
201,4
130,1
$
100,0
300,0
100.0
100,0
200.0
200,0
250,U
'
t
$
55,4)
17,2
1315,4
2103,0 125,0
1048,5
67,0
54,4
1085,6
12,8
100,2
64,0
134,1
44,8
158,9
120,7
174,6
51,4
63,9
334,5
178,8
621,8
6,7
1377,8
61,0
1947,2 104,7
1232,0
32,7
15,6
1152,1
1910.0
38,5
13.9
995,6
2843.0 247,0
22,6
1032,1
42,5
940,9
2:^09,4
61,0
1507,5
63,4
t
«
96,2 254,2
98,0 134.0
49.
305,1
40,8 208,5
52,2
22,9
98,6 165,0
121,7 124,1
145,9 191,9
108,3 194,2
95,0 425,0
56,8
59,.^
124,0 162,0
156,6
93,2
95,0
61,9
246.0 319,4
101,4
90,7
1611.2
2003,0
1316,9
1309,9
41,2
66'8
2.7
1,3
220.0
273.5
113.8
io.o
640,9
1660,0
2356,8
1318,1
1473.6
2226,0
972,2
3400,0
1758,6
1136,0
2733.0
1510,2
Bedford
Brooklyn
Eighth Ward
Ayenne
Kings Conntv
Fifth
Manufact'rs' Nat'l.
Mechanics
&
Traders'
National.
National City
North Side
People's
Bchermerhorn
Seventeenth Ward
Spragne National.
Twenty-sixth W'd.
Union
Wallabont
Merchants'
Borough of
Richmond.
of Staten
l8tNat.,Staten
Bank
Other Cities.
let Nat., Jer. City.
Hud. Co. Nat., J.C.
adNat., Jer. City..
SdNat., Jer. City..
l8t Nat., Hoboken.
2d Nat., Hoboken.
Totals
Totals
Totals
May
55,1
57,9
478,2
390,8
204,8
638,4
575,4
115,7
133,5
64,1
71,7
226,7
63,9
65,3
40,4
10,1
26,0
100,0
Isl.
Isl.
1129,1
93,1
16,3
1346,0
10,9 120,3
14U8,4
65,9
38,0
23,1
338,3
10,9
626.6
33,6
26,7
27,5
683,8
34,9
2414,7 276,8 199,0
2727,3 153,2 173,2
895,7
13,4
69,5
3958,0 160,0 274,0
2598.0 102.0 231,0
783,5
11,7
49,5
986,7
32,4
49,8
37,1
612,2
22,7
449,5
38,3
7.5
10,0
1089,0 102,8
24,8
8,8
471,0
698,3
46.3
23,1
21,8
668,7
33,8
39,5
403,8
4,4
116,0
151,7
161,6
41,2
150,0
100,0
800,0
100,0
100,0
150,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
100,0
Broadway
Nassaa
627,6
685,6
66,1
80,2
100,0
6
73,1
6,0
34,7
40,7
83
25,0
240,0
47,1
84,3
60,0
60.2
8,5
5
40.0
52,9
71,1
57.3
63.6
123 6
8,9
181,9
4145,1 196,0 240.3 1044,8
2035,8
64,2
69,3 199,0
26.9 180,6
1333,4
60.1
906,2
50,9 149,9
20,8
1828,2 107,6
23,1 165,1
44,6
92,0
774,1
61,3
815.7
549,1
361,0
222,0
442,4
100,4
400,0
250,0
260,0
200,0
110,0
125.0
18,0
20,0
15,6
34,0
221,5
174.4
227,6
40,7
64,9
103,9
471,9
175,8
81,0
4X0,0
357,0
52.0
38.3
99,5
60,9
179,0
63,8
1346,3
1442,4
1510,8
310.5
615,7
731.4
2988,1
3025.1
910.9
4044,0
3003.0
734,8
1032,6
665.4
437,5
934.0
478,5
659,9
692,2
408.6
631.6
747.1
880,0 6749.6
76,6 1749.3
1099,3
26,2
840,2
76,0 1624,1
30,4
906,2
19.. 7262,0 8191,1 59745,8 2625,6 3753,4 7952.7 2740,6 66633 3
12.. 7262,0 8085,7 60176,62668,13843.2 7717,6 2682.2 66577.4
May
May
6.. 7262,0 8085.7
60336.32681,43707.4 8234,2 2402,1 66936,1
BreadstufTs Figures Brought from Page 1059.—The
statements below are prepared by us from figures collected by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending May 19,
and since Aug. 1, for each of the last three years have been:
U*$Hft$ at-
Wheat.
Flour.
0>rn.
Oats.
J3arl«v.
'Va.
SbU.Weibt BiM^.aOlbi B%uh.6eibt Bvsh.S2lbs Bush.imbi Bu.60
Ch.oago
Mllwankea..
66,638
76,660
Dnlntfa
Mlimeapolli.
161,760
172.450
164,500
5J4.359
7,320
885.400
Toledo
14,120
37.600
Detroit
6.200
1,132.900
167,050
63.750
79.960
86,360
220,8 :)0
130.050
40.103
13,861
17,120
48.000
41,182
167.459
3i.e83
Ih
21.030
21.700
6.102
51.340
500
52 J
6.C00
22.091
992
172.443
156.187
26,680
117.727
287,950
157.006
7.600
7,029
20.200
6,500
123,000
16,100
3.600
261,300
134.250
193.2 X)
50.000
383,548
288,337
833.791
2,357,795
1,965.327
2.060,003
1,797.628
3,129,211
6,?16.647
5,165.218
3.662.652
378,768
236.043
414.700
11'..843
2,207,636
City-
•rot.wk.1900
Same wk.'GO.
Same wk.'98.
ainee Aug. 1.
1899-1900....
1898-1899....
1887-1898....
878,475
16,690
182,309
Cleveland..
St.Loali....
Peoria
Kaniai
lOBton
20.676
Flour,
bush.
bbU
84.;'93
26.106
97,814
831.9 j8
1,
,
& C. America.
West Indies
Sr.N.Am. Colo's
3.
ttber countries
Tota.
Total 1898-99....
17.328
30.215
81.133
880.185
614.189
17l,36i 1,181.312
87. 722
198. 131
61,261
9i,B38
91.067
prince Sept.
1.1898.
week and since
229,114
64,406
i«,flSO
23,951
1.343
4,7i3
Wheat.
Week
May
19
1,
189tt
i^eefc
May
bush.
1.111.829 37.413.792
830.731 25.669,651
13.299
l,(>2b.i'2»
300
11.988
9<nce Stft.
19
I. 1899.
hush.
.'h
7,277.^6i
1,635.647
760.005
152.971
241,716
-
Corn.
Since Sept
bush
hbls.
Sept. 1
Oontlnent.
130,038
of these exports for the
and sine* May 19.
bbls.
to—
ittek
2V6,80l
2 J. 000
99,192
1899, is as below:
'—
nour.-
Week
axports for
Barlttt
btuh.
46.678
13,261
6,779
""311
Total week.. 2,001.549 ».5t8.R08
The destination
Peas,
bush
731
4.286
1,911
4ametlme'99..1,40j.9tJ3 3.330.43;
September
Rye.
70.394
1S.277
"90,680
85,93 k
2.3J4
2t,«40
10.610
4.HH6
H6,7l4
Norfolk
fio^ooo
lewp'rt News
631,189
Montreal
96.0U0
Galveston
21,000
Pensacola
Mobile
72.000
Port Arthur..
Oati.
hush.
67.516
30.613
1.927 854 65,818,537
1.609.2 78 72,391.741
193.670
3.1123
857.688
8.316
>?16.666
1.142
433,031
1.638.363
S.004 549 63,455,030 3,5l8 908 141.311,910
1.463,963 101.573.064 3,330,430 124, 53,948
380.185 11,083.619
171,3«2 13,197.649
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports. May 19, 1900, was as follows:
Wheat,
In
store
at—
«ewTork
Do
afloat
buih,
Corn.
bush
1.762.oor
1.739.000
66,000
495 jOu
821.000
16 000
Boston
f>hiladelphia
Saltlmore
New Orleans
Galveston
Montreal
Toronto
1,077.000
Buflalo
2.253.000
185.000
Do
868.000
1,678.000
1.242,000
155.000
85.000
91,000
807
120 ^^n
23.00)
"")
liO.OO)
69,000
3 300
846,000
679,000
10,000
6OJ.000
125,006
476,6ob
zoi.b'do
" 1.006
198,000
in,o66
i8,Vc'6
"s.jdo
10.298,000
545.i)00
812.000
65.000
afloat
'oledo
Do
Barley,
bush.
801,000
Rye,
Oats,
bush.
855.000
12, jOO
208.000
69,000
32,000
211,000
afloat
Jetrolt
Do
l.OOC
afloat
micago
Do
4.609.000
1.174.000
437.000
220,000
2,000
2,000
1.000
l.COO
2,812.000
11,848,000
1,208,000
460,000
43,000
60,000
875,000
ISH.OOO
86,000
63.000
47,000
71.000
872.000
999.000
52.000
683 000
20.000
8,000
"ll.MM
afloat
....
Illlwaukee
Do
afloat
rt.WUl'm&Pt. Arthur
Juluth
—
Do
afloat
ICiuneapolis
3t Lonls
Do afloat
10.643 000
826.000
SansasClty
1.061,000
21.000
Peoria
[ndlanapolls
'Jn Mississippi Birer
158,000
3d Lakes
1.087.000
On canal and river ..
May
May
May
May
Total May
Total
Total
Total
Total
.
449,000
19, 1900. 46,268 000
12, 1900. 47.621,000
15.227.000
IH.156.000
17.018.000
19,504,000
11.475,000
20 1899* 25,468,000
21. 1898* 23,085,000
83, 1897» 28.296.J00
82^
48,000
36.J00
127,000
47,000
•3,000
1.000
.
635.000
133.C00
128 "00
2'>,000
69,030
105.000
6.386.000
7.819.000
8,023.000
8.114.000
8,889.000
1.118.000
1.025.000
831,000
1,478.300
2.898.000
1,6 <7.00«
829.000
963,000
539,000
1.524,000
• Exclusive of New Orleans, Galveston, Ft. William and Port Arthnr, bat
Including Albany, Osweeo and Cincinnati, now omitted.
Note.— Beginning July 1, 1899, the New York Produce Exchange has changed
Its Visible Supply Statement by including stocks at New Orleans, Galveston,
Vt. William and Ft. Arthur (previously omitted) aud leaving out Albany
Oswego and Cincinnati, formerly included.
Auction Sales.—By Messrs. Adrian H. Muller
& Son
Slocks.
.....
136.652
182.038
39.311.529 5.671.405
33,990,651 9.779,969
33,980.992 in,ll9,fi71
17,422,!41 181.276,699 184.601,634 136.415,621
12.1 85.10 J 238,870 £8i 174,946,149 141,784,341
0.703.632 206,6 16.S65 •.;02,009,92i 157,9211,073
Corn,
76H.67fl
192,112
199.846
67.409
161.000 1.118,729
1S«,472
4^8.671
41Z.078
112,000
Jnlted Kingdom
Brooklyn.
Mech's'
Wheat
MwmprtB from-— MMh.
K39,184
<ew York
Portland, Me.
Philadelphia..
3altlinore
New Orleans..
NKW Yoke
1033
90 Rock Isl. & Peo. RR. C0.IO8
9 American Ex. Nat.Bank.193
42558
20 Western Nat. Bank
35319
2 Compania
Metalurgica
25 National City Bank
MexJcana, pref
5 Phenix Ins.Co.of B'klyn.l75
101^
460
103 N. Y. & Honduras Rosa19 Bank of America
rio Mining Co. ..$> 25 per sh. 300 ElectricVeliicleCo.,pref. 74
10 Paterson Safe Deposit &
25 Produce Exo.Tr. Co. 131-131%
Trust Co
32513
Bonds.
20 Colonial Trust Co
336
$2,000 Chateaugay Ore &
10 Trust Co. of New York.. 190
Iron Co. 6s, 1915, J- J &
25 Morton Trust Co
$705
$360 in terest scrip
457%
10 Lawyers' Title Ins. Co... 165
$5,000 Terminal Warehouse
Phenlx
14
65
National Bank 102
Co. deb. 8s, 1904
8 Merchants' Nat. Bank... 170
$2,000 Hecker-Jones-Jewell
National
27
Milling Co. Ist 68, 1922,
Bank of Com84i4&lnt.
merce
284-28438
MS
23 Gallatin Nat Bank
400
$70,000 D. 8. Flour Milling
7 Empire City Fire Ins. Co. 85ifl
Co. 1st 68 bonds, May,1900,
28'«
8 Eagle Fire Co
217ifl
coupons on
10 Lawyers' Surety Co
lOl'g
B/ Messrs. R. V. Harnett & Co.
10 Central Trust Co
2101
50 Mexican Nor, Ry. Co
56
500 Bonanza DeveloVt Co... 4^4
.
The receipts of flour and grain at the seaboard
the week ended May 19, 1900, follow
ports for
:
Rectipts
RewTork
at—
bbU.
123,559
24,467
26,ce0
100,466
60,«37
Boston
Montreal
Philadelphia
Baltimore
Biohmond
New
Orleans*
Norfolk....;
ftalyeaton
Portland, Me
""341
ToUl week
Week 1899
.
881,625
865,295
Byt,
bush.
194.7J0
2,719
19.869
b%uh.
141 460
178 540
8.«.0O
"2.166
67.409
24.000
72.000
"4.285
719.148
417,413
26.898
7.644
14,000
60.000
....
Pensaoola
Port Arthur
Mobile
Barley
67S.600
157,703
148.643
325,933
209.789
22,612
H-'.e78
bush.
1.485,"' 25
7 4.98M
1,710
8,546
10.610
24.640
Newport News
Oat«,
bush.
937.865
130.769
533.1«6
905. 2e 8
317.691
17.624
293.694
97.814
115.714
IV neat,
Jour.
Corn,
bu«7t.
4,600
"i,'67i
fatxMug
Sp(encer
"i.'9ii
3.807.560
2.34S.770
8,391,601
3,962,970
1,558,054
3,276,608
150,621
3j6,077
216.818
61,400
Reoelpta do not include grain passing throutrh
ports on tiurough bills of ladlns.
New Orleans for foreign
Total receipts at ports from Jan. 1 to
follows for four years:
May
*
Reeeipt*
oT—
rioni
bblB.
Wheat.
Com...
Total grain....
"
May
compare
1897.
6.145.066
1898.
7.72i,609
37.606,e64
66.722,703
26,694,341
1,323.840
3.084.013
38,018,252
91,999.455
40.98J,76t
2,635.5S6
11,872,702
71,704.311
25.744.007
6.837.015
817,412
7.K3,231
2.e:02,U56
133,869.008
131,331.751
180,740,277
126.178,491
19, 1900, are
&
week
in the annexed statement:
29
aujtl
eifl
'^iu^ucivd.
Trask &
BANKERS,
PINE STREET,
Co.,
....
NEIT YORK.
Transact a general bankinff' businessi act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies.
Execute
commission orders and deal in
INVESTMENT SECURITIES.
Members N. 7. Stock Exchange
GBORdB Babolat Moffat.
Moffat
82.343.001
24.146,493
6.013.339
several seaboard porta for the
shown
27
as
1899
The exports from the
ending
19,
7.977,112
1900.
8,156.671
.bush. 29.2^.261
Oats...
Barley.
Bye....
Slocks.
30 Brock Wrench Manufacturing Co..
Branch
Office, 67 State St.,
albxandbb M. Whitb, Ji.
& \Vhite
BANKERS,
...
NEW YORK.
INVESTMENT SEIQURITIES.
Members New York Stock Bzchange,
No.
1
Albanf
NASSAU STREET,
:
THE CHRONICLE.
1034
[Vol.
The following were the
rates of domestic exchange on
at the under-mentioned cities to-day: Savannah,
buying par, selling $1 00 per $1,000 premium; Charleston,
buying par, selling
premium; New Orleans, bank, $1 GO
premium commercial, 50c. discount Chicago, lOo. per
$1,000 premium; St. Louis, 25c. premium; San Francisco,
15c. per $100 premium.
^awfejers^ Ola^jette.
DIVIDENDS.
New York
%
;
Name
Railroads (Steam).
& Lowell
& Maine, com. (quar.)...
Central Massachuseits, pref
4
East 111 com
"
com. (extra)
"
pref. (quar.)
Street Railroads.
United Rys. & Elec. Bait, pref.
2
Bank
"
"
<fe
Bootes closed.
Oenl Payable
Boston
Boston
Chicago
When
Per
of Company,
,
of the Metropolis
Union Pquare
June 4
Jmie
May
July
July
July
,
June 2
to
June 9
1
May 23
to
to
June
11
June 2
June 1
Jime 1
to
to
to
1
6
3
Jiuie
1
June
2
June
miscellaneons.
Amer. Diet. Tel. (Brooklyn)
American Thread, pref
Cons'd Gas of N. Y. (quar.)
Consol'd Lake Superior, pref...
Hawaiian Com. & Sugar (m'thly)
Internat'al Paper, pref. (quar.).
Laclede Gas Light, pref
Procter & Gamble, com
Bt.L.Ter. Cup.Sta. &Prop.,com.
June 9
to
Holders of rec. May 31
June 1
23 to
June
Banks.
(Days inclusivej
July
July
2h July 1
1
Jime l."^
1% June 15 Holders of
50o. May 25
ihi July 2
July
June
1
!.•>
May
31
to
to
July
1
to
June 15
1
WAL,L. STREET, FRIDAY, MAY 'JS, 1900.-5 P. M.
The Money Market and Financial Situation.— The s^tock
marljet was almost wholly in the hands of the professional
element during the early part of the week, and although
operators on the short side of the market were aggressive,
the volume of business steadily declined.
On Thursday the
suspension of Price, MeCormick & Co., a prominent cotton
commission house with numerous branches, was announced,
and had some influence in the morning of that day, the
natural effect of which was a decline in prices; but as it became known that the failure was largely due to operations
in cotton there was a reaction.
An interesting feature of the week has been the relative
strength and activity of the bond market. This is no doubt
largely the result of low interest rates, but it suggests a tendency on the part of capitalists to make investments of a
somewhat nrore sub.'-tantial character than the stock mai-ket
now offers. It is to be noted, however, that the offerings
of high-grade bonds are exceedingly limited, the holders of
such securities seeming to be satisfied therewith.
In the general situation there has been very little change.
Abundant rains have improved the ( rop prospects in some
sections of the country. With increasingly easy money
markets abroad, the gold export movement has diminished,
the amount shipped this week being only $1,257,134, and
the foreign exchange market is weak.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 13^ to 2 per cent. To-day's rates on call were 1^ to
2 per cent. Prime commercial paper 33^ to 4.^£ per cent
The Bank of England weekly statement on Thursday
showed an increase in bullion of £179,242 and the percentage of reserve to liabilities was 44-22, against 43*78 last week;
the discount rate was reduced from 4 to 3^^ per cent. The
Bank of France shows an increase of 20,9t0,000 francs in
gold and 3,750,000 francs in silver.
The New York City Clearing-House banks, in their statement of May 19 showed an increase in the reserve held of
$1,566,000 and a surplus over the required reserve
$16,555,225, against 815.332,725 the previous week.
May
19
Differen'sfr'm
Prev, week.
United States Bonds.
Board include $24,700
3s, coup., at 109 to 110; $2,000 3?^
at 1C9>^; $21,000 4s, coup., 1925, at 135; $26,500 4s,
coup,, 1907, at llS% to llOJ^; $106,000 4s, reg., 1907, at 115U
to 1163^; 18,000 5s, coup., at 113% to ll4; $46,C00 5s, reg., at
1133^ to 1141^ and $20,000 new 2s, when issued, at 104.
The following are the daily closing quotations; for yearly
mnop »ee seventh paae followina.
Interest
Periods.
May 20
May
21.
72.2'22,700
87,979.300
Loans & diso'nts. 788,225 400 Inc. 743,300
Circulation
21,617,000jlno. 30P,900
Ket deposits
868,6i?0,300 Ino .1,374,000
Specie
164,929,100 luo 1,138,400
Legal tenders
68,781,200|Ino. 427,600
Reserve held
233,710,300llnc.l,5f;6.0C0
Legal reserve
217,155,075 Inc. 343,500
Surplus reserve
16,555.225 Ino .1,222,500
58,622,700
77.386.700
69,022,70(1
75,641,900
763,.502,200 581,525,000
13,801,300 14,744.000
902,325,900 680,987,800
203,183,600 16i^,4O?,S00
57,029,40f 51,559,400
260,213,000 220,962,200
225,581,475 170,246,950
34,631,525
50,715,2.'50
Note.— Returns of separate hanks appear on page 1032 and 1033,
Foreign Exchange.— The foreign exchange market has
been fairly steady, with a tendency to weakness. Both
supply and demand were limited.
To-day's actual rates of exchange were as follows: Bankers' sixty days' sterling, 4 843^(34 85; demand, 4 87>^@4
87%;
cables, 4 88@4 88I4 prime commercial, sixty days, 4 84i^(«;
4 843^; documentary commercial, sixty days, 4 83',^(gi4 84%;
grain for payment, 4 84i^(ffi4 84%; cotton for payment, 4 83%
;
@4
cotton for acceptance, 4 843^(34 843^.
Posted rates of leading bankers follow:
84;
May
25.
Sixty days.
Prime bankers' sterling bills on London.
4 851a
Prime commercial
4 84i4@4
Docuraen tary commercial
4 83\^4 84
Paris bankers' (francs)
5 18i«'ai7V
Amsterdam (guilders) bankers
40 ®40i,e
8m
Frankfort or Bremen (reiohmarks) b kers
* Less x^g.
'
94B83i94ilifl
Demand.
4 8812 '94 89
516i4®515V
40i48>406ie
953,^®9.«)J4
May
May
May
May
21.
22.
23.
24.
25.
;
State and Bailroad Ronds.— Sales of State bonds at the
Beard include $16.0
Virginia funded debt 2-3s of 1991
at 923^ to 93, $10,0C6 Virginia 6s deferred trust receipts at 8,
$4,000 Tennessee sett'ement 3s at 96 and $5,000 North Caroina consol. 4s at 106%.
Tlere was a fairly good demand for railway bonds at the
opening, the transactions on Monday being larger than the
average for some time pjst.
The market was firm until
Thursday, but thw volume of business has been greatly reduced. To edo St. Louis & Kansas City trust receipts were
exceptional in an advance of over 4 points, thus recovering
their recent decline.
Central of Georgia consol. 5s, Central Pacific and Union Pacific issues were strong features.
Wabash debentures, series B, were relatively weak. A few
issues were notably active, including Atchison, Baltimore
& Ohio, Northern Pacific, Reading, Southern Pacific, Union
Pacific, Toledo St. Louis
Kansas City and Wabash bonds
&
Stock and Bond Sales.— The following shows the volume
of business in stocks and bonds on the New York Stock Exchange for the past week and since Jan, 1
Sates at
r—Week end. May 25. -^
Jan. 1 to May 25.—^
:
N. Y. Stock Exch.
1900.
Government bonds
$257,200
35,000
Statebonda
RR.and
misc. bonds....
Total
Bank
Week ending
May
25, 190u.
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Total
The
sales
1899.
$4.646 160
30.0u0
21,101,000
i,i71,a00
16,142.800
1,5W»,800
477,741,900
$185,928,800
|5.5i7,h5i7,5ia
4,5Ci0
2,000
$55,760
1
9rty,949
Tuesday
Wednesday
FridayTotal
5T.821801
$485,484,500
89,126,948
$8.651,499,t00
$278.9SS
following record of the daily transactions
Slocks.
Shares.
.
Par value.
Railroad, die. State
Bonds.
Bonds.
233..318
$32..H03.600
$1.5rt3,500
344,981
404,415
298,169
418,484
270,582
3^,925,100
37.250,500
27,447.900
39 543,500
26,458.200
2 030,000
$5,066
1,2^6,500
l.s.OOO
950,000
1.395,000
1,804,000
10,01.0
...1.969.949
$185,928,e00
13,409.000
$35,000
7,000
u,a,
Bondt,
$18,000
63.600
99,000
3.200
40,500
33.000
$257,200
on the Boston and Philadelphia Exchanges were:
-Boston.-
Monday
247,561,400
$.'53,378 700
t2I.271..°00
2,iiH4,355
t21y,27±,!)00
shares, par value.
We add the
1900.
JllO.SOo'
Itf99.
8.4t)9,000
$8,761,200
Stocks-No. shares
Par value
Thursday
Capital
Surplus
May
19.
*104ia*104is 104 *103i2 * 1031b *103i«
99''8
-Mch. * 99^1* 99% * 99% * 99% * 99'8
38,1918
reg.
-Feb. *109i3,*109% *109ifl *109i4 109 14 IO914
*109i2
*109i4
*109i4 109ifl
3s, 1918
coup.
-Feb.
110 *109i2
38,1918, small. reg.
-Feb.
109"
38, 1918, small.c'p.
-Feb. *i09ia *i09i2 *i09i« i09'4 *109
48,1907
reg.
-Jan. 116i« 116
1151a 'II514 *115i« 115%,
48, 1907
coup.
-Jan. 11618 llSfSg 11538 •II514 1151s *116i«
48,1925
reg.
-Feb. *134ia*134% *134»s I3414 *134i4 *134ia
48, 1925
coup.
-Feb. *134i2 135
135 *134i4 *134i4 *134i9
58, 1904
reg.
-Feb. 114ie! 114 *113% •II314 113i« 113ifl
58, 1904
coup.
114 *113% *113l4 *113l4 113%
Feb. *114
* Tbis is the price bid at the morning board
no sale was made.
t Prices are quotatioo 8 in "Unlisted Dep't" for bonds "when issued."*
of
1898.
May
2s, 30-year, ref'd'gt
2s
reg.
Saturday
1899.
—Sales of Government bonds at the
reg.,
1
"
"
'•
pref.
5
Southern Cotton Oil
4 June l.'i May 30 to
United States Leather, pref
to
July 2 June 16
July 2
* State, city and county tax, not to exceed -^ p. c, to be deducted.
1900.
;
June 11
rec.
May 20
June 16
2h June 15 May 29
4 June 1
LXX.
Listed
ZTnlisted
shares.
shares.
10,455
8.514
8,970
7.039
5,813
6.530
6,495
7,655
25,199
10,093
13,281
6,442
46.821
69.165
Bond
sales.
$14,0C0
26.02*
78.147
87,810
Philadelphia.
Listed Unlisted Bond
shares.
shares.
sales
$9 .000
23,660
16.013
14,320
22,073
17,026
14,7'2
17.235
3,05H
7,8i0
8.'43
7.155
lo.fia
17,524
103,037
401 4'n
101.444
64,183
839.11
171.8.^0
110,123
221.277
186.673
17.<.000
—
Railroad and Miscelianeons Stocks. The market for
stocks has been exceptionally dull and irregular. Transactions at the Board were less than 300, (Oo shares on Wednesday and averaged less than 400,001 per day for the week. The
speculative industrial issues were conspicuous for activity,
notably American Sugar Refining, American Tobacco and
>
the steel and iron stocks.
The railway list was neglfcted and there were few exceptions to the general downward tendency of Drices. Prominenfc among these were Chicago & North West., Third
Avenue Railroad and Metropolitan Street Railway, which
advanced 5J^, 7 and 5 points respectively. Northern Pacific was strong on buying reported to have been for Berlin
account. To-day's market was the dullest of the week,
" J
closing heavy and unsettled.
part of this advance has been retained in each case,
except the latter, notwithstanding the weakness which followed the suspension of a prominent Cotton Exchange and
Stock Exchange house. Manhattan Elevated and Brooklyn
Rapid Transit, in sympathy with other local traction issues,
were strong features.
The miscellaneous list has been active and irregular, a»
has been noted above.
Fluctuations in American Sugar
Refining ranged over 8 points, American Tobacco covered
6^4 points, Consolidated Gas 634 points and Tennessee Coal
Iron
Ry. Q}^ points. The iron and steel stocks were weak
features, led by Federal Steel, which declined 4I4 points.
A
&
t
May
.
.
..
..
.
..
.
THE CHRONICLE —stock
26, 1900.]
prices
.
Page
(2 pages)
1035
1.
N"ew York Stock Exchange— A Daily, Weekly and Yearly Record.
aTOOKS—HIQEBST
taturday.
May
19.
Tuesday,
May
May
•16«
16V< 17«
•16H 17X
•48
3S9«
70>g
7)« 78M
77
Monday,
21.
77>|
7tJ
81U SIK
•48
44
LOWEST SALS PRI0B8.
A-lfD
TTedncadav T/iurtday,
May 24.
ifav 23.
22.
•16)4
44
•43
86H
1%
35% S5«
70% 7IH
77)4
76)4
77
.FViday,
44
3596
86%
71
7694
71)4
77)4
"94
•16)4
1794
•16)4
80
<13
86
«9%
7694
7fl%
7094
80)4 8094
69)4 71
•60
65
•t05
113
70?i
6S
113
103
18
13
103
101
101
103
101
1101
103
101
•86« 86%
•8S)fc
•74
•74)<
76^
•S6« 88
12« 12M
•85H 86%
8fi%
75)«
37)4
36),i
74X
75)i
17i!«
173)4
163
19H
163
200
•196
107Ji 108?6
113 117
170
175
I13M
164
173)4
167)4
200
200
200
no
170
115
176
116
•170
110
27H
67
•37
36)4
33
6e«
•107
34
64
110
•84
83)4
37)4
33)4
•53
110
1P6
19?
10694
87)4
11694
173)4
1689s
27)4
64
6
4194
18
40
44
•16)4
17)4
67
75
35
83
76
12)6
•86>4
•74)4
A
•16H
113
116)4 116)4
176
170
13)4
170
*10
16^
UM
•12
37
•47^
48
96
•98
13
18
94
15
19
ISSH 15SH
164
11)4
•36
18)4
47)4
98
12
3894
18)4
47H
95
16)4
•16H
•48
15}<
27)4
67
6%
58)4
17)4
16)4
6
43
43
16)4
6
il3
•16)4
6)4
43
42)4
l'J)4
•11)6
3694
18)4
38
•92
36
19
50
96
165
166
•18)4
•47)4
16J4
H8)ft
•17
\1H 18
15
40
16
40
•3«
16
39
93«
812
•73
4
16
28)4
•93
153
154
•47)4
•76M
13
89% 91
153)4 136
• 80)4
3194
•76
77)4
12%
12%
394
•8)4
13H
•3)4
8?«
•68« 62J<
95
6394
95)4
96
85^ 85%
60
85
67)4
•10
33)4
66
40)4
67)4
11
11
83« 34
56H 67M
34
57
42
190
132)4
138« 13>)4 132)4
•11«
79
83
•11)4
•78
•33
•183)4
Ill
814
»1J<
819<
86%
37)t
79)4
•78
59)4
WH
35)4
17894
6894
74)4
80
74%
•
3694
79)4
59%
7491
••••• •••••
•••••• • • • ••
•80
69
3
894
Mked
!!)
•
33)4
68)4
60
prtoea
10% 10%
•33
Waok St A Ful F—Stock.
;
bo
• • • • f •
3496
60
80
lales
Bid.
56
war* made on
Ask.
lltmor 6s 1904... JAD 1104
Aye—Stock,
5s 1914.... JAJ
110
105
119
Bzohl
1st.
Oon 5s 1943—8m Btook
B'way Bur' 1st 5s gn. 1934
Saint as rental. 1905
Oantral Orosatown—stock
''«tM«al088
MAN
«116
1104
870
(195
Can Pk N A B BIt—Btook 100
onaolTs 1908..... JAD 100
M
117
105
800
ISO
•
296
7)4
94% 24
36
101
Idmor
3%
89*
otf ».
A
Lack.
el.
Western,
.
Denrer A Bio Grande. ,,.,
Do
18)4
•47)4
•93
60
96
15
154)6
A Terre Haute
pref
Ft.W. A Den. 0., stamped
t. Worth A Rio Grande
Great Northern, pref.
Hransr.
.
Do
. .
"A"
ofs.
Deb. otfs. "B"
•37
39)4 ~[Tooktag Valley
Do
8594 a8>*
112 112)4 I Ulnol! Ceutral.
>-owa Central..
17)4 17>, Ac
Do
pref.
•48
49
•15)4
16)4
17)4
Kanawha A Michigan
an. 0. P. A Gulf, tr.reo.
1«
40
Kan. City Southern (w.
•17
•3
394
62
62)4
94)4
24)4
96
63
96
•24)^ 28
62
94
26)4
•65
11
33
66% 66%
33
11)4
33)«
66)4
57
3)4
3)»
108
6596
67)4
11)4
339*
pref.
Do
pref. (w.
Keokuk A Des Moines
Mexican Nat'I tr.
Michigan Central
1.)
• • •
107
37
88
120
39
14 Jan
45)4Jan
48)4
•80
58
48%
14794
•80
85
67
69%
roots...
A St. Loals..
8d pref.
A B. S. Marie.
Do
pref.
Mo. Kansas A Texaa
pref
tr. Otfs.
138% 12996 129 130% PennsylTanla
3% 294 Peoria Decatur A ByansT.
3
12%
8
2496
'58
this day.
•6
7%
84%
2494
65
60
I
7%
Peorta
&
Eastern
3496 Pere Marquette
60
Do
Apr
May 48%0«t
May 24%f-«k
7496Apr 9
89% Apr 19
43%J'ne
94 43 Mar
15 39 Apr
34 83%Apr
13 12894 Apr
IS 174)4Mar
14 187)4 May
9 300 Mar
13
7
86
20
9
3394May
2
ll4!4Deo
35 Dec
6994Jan
112|4Jan
1096Dec
82 Deo
5094Jan
28 J'ne
794Jan
31
Jan
118 Deo
165 Dec
141)4Jan
188 Jan
100 Dec
31%De«
l49%Feb
68^pf
100)4 Sep
138968ep
8096Jan
103%Aiic
85%Aa«
4*9<8ep
19 Not
53%N0T
138%Sep
179 Sep
173 Sep
3l0%Sep
3)4
Apr
6
May
24
4a96AL.r
3
pref
3%May 24
17>«Mar 27
I
Less than 100 shares.
Street Railways.
Bid.
Chrlst'p'r A 10th St-Stook
ColA 9th Ato 6s-Se« Stock
175
Dry D B B A Bat— Stock.
1st gold 6s 1938... JAD
FAA
Avenue— Stock.
.
.
Ask.
185
Bzohl
Ist.
100
1115
196
117
100
97
396
106
Scrip Os 1914
395
48d A Gr St Fer—Stock..
60
48d St Man A St N Ato.
Istmort 6s 1910.. MAS 119
99
8d Income 8s 1915. JAJ
Lex AtA Par F 5s-Sm Stk Bzohl
Ninth Avenue— Stock.... 198
Scrip 6s 1914
61%ARr
69 May 103 Dec
8496Mar 99%Ma7
46)4D(>o 70 Jaa
85 Feb 94 Not
97 Jan 12896NOT
28
31
16
4
*
68)iA««
67%J'ne 85%Nor
61 Dec 137 Apr
30i4Mar 59 Not
29
21
83
28
9 11494Mar 28
(Given at foot op 7 oonsboutivb vAQ^a).— 87 RBET
Blghth
17
5096Jan
l%Apr 30
90 Apr 18
80)4Apr 10
a
St. P.
Do pref., TOt.
*794 Pacific Coast Co
Do 1st pref
85
Do 2d pref
69
ie%oot
14
in F-b
3 May
2>,. Ang
15 Mar
15 Feo
1494J'ne 84 Deo
3,080 20)6Mar 16 34%Apr 9
60 Jan 85 Deo
1,190 83)*Feb 2 100 Apr 2
30 5197 Jan 3 213 May 31 196%Jan 803 Jan
45 Deo 85 Apr
112 47% J an 4 89 Mhy 5
63 Mar 88960ot
10,732 77%Jan 9 8796 Apr 3
S5%Deo 13394Apr
18,245 87)*May 14 101 Feb 14
24,440 144% May 14 182 Feb 13 147 Dae 269 Mar
24%Jan 39 37%Apr 5 13%Ang 39%N0T
44%May 83 Not
97 78 Feb 27 82%Feb 14
17%Ap»
6 Jan
2,650 10)6Jan 8 1494Apr 18
6%8ep
5 Mar 17
1 Jan
3)4May 16
3,100
116
Jan
1104 Jan 22 5112 Feb 3 110 Oct
78
Ang
35%Jan
65C 58 Jan 25 6994Mar 28
73%Jan 99%NoT
300 9094 Jan 12 97%Apr 5
8MJan 37%May
1,600 15 Jan ~ 27 Apr 24
39 Feb 78 May
69 Apr 24
1,010 50 Feb
9% Deo 14%Jan
1294Mar 28
3,470 10 Jan
3896000 45)4Aag
3,800 31%Jan 11 40)4Apr 17
33 Deo 63%Apr
44,765 3896Jan 11 81%Apr 16
320 39 Jan 12 48%ADr 2 33 Jan 63 Aog
S183%Janl9 5 189)4 May 4 176 Jan 5187 Not
4 180 Deo 14494Mar
li',655 l29%May 12 13996 Apr
1194May 18 14%Mar 29 ll%Dec 1994 Jan
65 Mar 85 Oct
78 Apr 17 85 Jan 31
32 Jan 2 40)4Mar 29 39 Deo 41 Jan
1400 May 16 {400 May 16 5360 Jan 5390 Mar
17S 1130 Jan 18 5135 Mar 10 129)4Jan 5138%Mh
Apr
1211% Apr 6 521 594 Jan 3 5198 Jan 5323
1896Jan 38%Mar
9,940 2094May 11 38%Mar 38
70 May 88%Nor
1796Mar 8896Aag
15,781 2296Jan 10 40%Apr 18
666 67 Jan 8 81 Apr 38 6196Jan 74)4Aag
4894Jan 57%Aug
09,553 50%Jan 11 6394Apr 4
68 Dec Sl%Jan
4,425 78%Jan 8 78)4Mar 28
S3 J'ne 63 Jan
6894J'ne 7794 S«p
936 40 May 13 53)4Apr 10 38 May 54 Not
83 May 11 87%Jan 4 84%Apr 90 F«b
200 57 May 10 6894Jan 2 58%J'l7 68I14N0T
33,303 128%Jan 12 14394Apr C 128%Jan 143 Jan
796N0T
1 Jan
4 May 1
l%Feb 27
900
7%N0T
4 May
9%Mar 2e
6 Feb 31
100
600 20 Jan 39 89%Mar 37
08 Mar 31
55)4 Jan 3i
100
Do
Minn.
High€$k
36
Apr 26 3996Jan 15
May
Lowest.
18 Mar 28
48 Apr 3
2994Apr 9
Jan 31 109 Mar 37
Jan 17 184 Jan 5
11%Jan 11 15)4 Apr 3
85 Jan 12 89 Feb 1
73 Jan il 7894Apr 8
41
1.)
Minneapolis
Do
56„ Missouri Paolflo
Ohio
MoblleA
40
I
896
•8
83
99
835
Istmort 4s 1960... JAJ
3)4
tr.
pref
Des Moines A Ft. Dodge.
5
Dul. So. Shore A Atl
Do
16)4
pref.
1194 Erie.......
Do
359*
1st pref.
19
Do
3d pref
164
3%
11
34
5696
6594
OUTSIDE SECURITIES
fltTMt Rallwara.
«3iW YORK CITY.
63)4
9594
26)6
67>,
•49
60
•80
87
69
59
13996 130)4
7
7
94)4
•57
7)4
•57
9594
•84)4
*98)4
49
88
69
130
130% 199
60
7th
178)4
1894
6'94
I
87
•6
3)4
82%
!••••• •••'
61
34)4 34%
pref. yet.
Col.
»m
•58
139)4
'way A
pref.
A Sou., listed May 24
Do
1st pref.
do
Do
17%
3d pref. do
113 Delaware A Hudson
6
7
preti-
0U8 year (1899).
133)|jan
91 Feb -38%Sep
500 113 May 18 133% Jan 31
172 Feb 8 175 «ar 3 170 Jan 186 Sep
660
7%Jan 85>4Mar
9 Jan 9 1.396Apr 87
285 32 Jan 16 399*Apr 27 31%Dec 58)4Mar
6,46M 57)6Mty 12 8696ailar 30
42%Jan 6496NOT
94 May 108 Dao
887 104 Mar 6 lll%Mur39
1694 Jon
9 J'ly
14% Jan 10 28 Apr 27
46 Jan 2 73 Apr 19 37)4J'ne 49)4Dee
ll)6Dee
5 Oct
9 Jan 4 1296MRy 3
16%J'ly 87 Sep
21 Jan 5 29%Mar 21
8%Jan
796IVlar 22
496Sep
3,175
5%Jan 39
35 Deo 68%Mar
1,017 3894May 18 47)4Mar 27
14%Jaa 6 20)4iVtar 21 12% Deo 25 Mar
"346 113 Jan 8 119%Mar 28 10 6% Jan 13594APT
131 174 Jan 11 186 Feb 20 157 Jan 194%Oot
15%Dec 3B96APT
750 18%Jan 10 24)4Mar 26
7ao 86% Jan 10 76)4Mar26 63 Deo 80 Apr
12%Dec 33%Jaa
400 13)6 Jan 15 1 9 Mar 28
8 Not
3 Apr
200
4%May ?4 6)4Mar 5
17%Mar
5
794Jan 17)4NoT
100 13 Jan 1«
10 Deo 16% Jan
1496Mar 27
630 11 96 Jan
37%Dec 43 Jan
4 3% Apr
4
1,000 31)4 Jan
15)4Dec 23%Jan
100 1596Jan 10 2.S%Apr 4
36 Mar 46%NoT
900 40%Jan 5 5496Mar IS
94%4pr
19
70
Jan 98%8ep
90 Jan 24
"iVi 14% Apr 4 15!4May 32 14 Aug 35 Jan
14 Feb 30 Mar
17 Mar 29 19 Apr 3
3 143)4Jan 195 Mar
s'.oVe 150 May 12 174% J an
49%Jan 61)4Jaii
7 53 Mar 29
""20 5.3%Mar
9%0ct
5 May
8 Mar 37
6 Mar 10
22 J'ly 37963ep
460 30% Jan 10 41%&pr 31
53%Deo 68)4 Sep
1,684 58 Jan 8 67%Apr 5
965 11094Jan 9 11 6% Apr 3 105%Deo 133 Jan
10)4Mar 1594Ang
630 11%Jaa 12 1994 Mar 30
40 Deo 62)4Ang
175 47 May 9 58 Mar 30
16 Mar
79i4Jan
850 10 Jan 2 13 May 4
60C
7%Jan 31 3l%Mar 37
17)4 Apr 18 17% Apr 19
A Om..
St P. Minn.
Do
3
83)4Mar 19
52 Feb 37 70%.Mar
93 Jan 18 115 Apr
9094Jan 4 9 994 Feb
4794 Feb 37 58%Apr
9194Feb 26 93 Feb
115 Jan 8 12294Apr
2696M&y 19 33%Apr
119%Jan 10 133%A.pr
48,77; 114)4May
NY.
49
»id and
Chic.
8
9
7294Jan
100
700
760
188
Do
Do
43
16
394
J3)4
93)4
35)«
67)4
%May
4,785
•40
40
43
42
40>4 42
40
•188
190 Morris A Bssex
*188 190
•188)4 19iJ
188)4 190
Central A Hudson.
131)4
130%
131
131)4
13194 133)4 131% 133)4
T.Ohio. A St. Louts...
•11)4 18)4 11)4 18)4 11% 13%
•1194 13
Do
1st pref.
70 79 •70 79
•70
•70
79
79
Do
2d pref.
•83
85
•89
•33
•33
35
35
35
New York A Harlem......
•••••• N Y. Lack. A Western. . .
133% ....
133)4 183)4 •183
133)4....
211 314 •211 914 N. Y. New Haven A Hart
•311
814 •211 314
91)4 N. Y. Ontario A Western.
31
81)4 •31
9196 ai%
31M
Norfolk A Southern.,....,,
35
36% Norfolk A Western
3594
35% 3696 35
35)4 36%
Do
pref.
79
•77
79
79^ 79)4 I7f94 7994 79
Paa By., rot. tr. otfs.
58% 5994 59% 8094 6996 60)6 69% 60)4 Nor.Do
pref.
74)4 74>4
74% 75
74)4 75
74)4 74)4
••••••
!•«•• ••••<
Or. BR. A N.Co.TOt.tr.ofs
51
8
80
6 P.O. pref. "A"..
4 P.O. pref. "B"..
Chlo. Indlanap. A LontsT..
Do
pref
Chicago MUw. A St. Paul.
118
176
40
•108
63
85%
60
86
60
131
3494
•3)4
3H
33
48
80
•3)4
•6
3494
•67
12
79
35
•133)4 ...,
131194 313)4
81)4 8194
•••••• ••••••
'••••• ••••*
•49
•80
•68
180
40)4
183)4 190
77
85
. .
•15
Do
18
•15
•15
pref.
18
16
27
97)4 Lake Brie A Weitem. , .
2394
28)4 28)4 •27)4 2S9*
Do
93
•93
92
pref.
94
94
93
93
Lake Sh. A Mich. South. .
•212)4 230
•313 320
230
212)4 220
75 Long Island
73
*72
IS
75
75
75
80
79)4 7994 LonUTlUeA NashnUe....
80)4 8096
78)4 80)6
8996 9f)% Manhattan HleT.,oonsol
91)4
90H 91% 8994 ai
etropolltan Street
164 156)4 163 155%
158!4 153^ 158
30)4 31% Met. West Side Bl. (Chlo.)
31)4 •3C)4 31)4
Do
76 77%
pref.
77
176% 75»g
13% 1 " Mexican Central.,..
13)6 1394 13)*
13)4 12%
•108
6394 •92
93)4
95)4
25
85>«
67)4 187)4
12
•10)4
40H
188H
SS
312
81«
16
40
4
4,648
64,268
Chesapeake A Ohio
Chicago BurL & Qnlnoy
Chicago Consol. Traction.
Chicago A BasUIlUnols...
18
•93
213
76
7994
1C6
108
•15
•73
7994
90)4
15394
•30)4
•76
•7:i
80% 81«
905i »!«
164
'3)4
93% 93%
1212
300
r'nB.AW.,deb
16
40
4
16
89)4
•3)4
16
89
93
920
76
118H
1194
389*
119*
86
19
50
95
18)4
694
694
•37)4 38)4 •37)4 3994 •37)4 40
6594 6694 •65)4 67
65)4 6596
11H)4 •111.94 113)4
•11294 113>, ill3
1654
17)4 17)4
1694 169*
1794 179»
•48
49
48
49
48
"4b
49
16
18
16)4 •16)4 16)4 •15)4 16)4
18
•16)4 17)4 •17
18
17)4 •17
16
15X
000
. .
38
38
38
37« o5«
60
66)4
66^ 66
Ua)^
113M llaJi
113H
18
49
Paollle
v>'anada Southern
15)4
153)4 155
l.OOn
Capital Traction
Central of New Jersey. . .
17)4
164
pref.
1396 Chlo. Terminal Transfer..
•35
37)4
Do
pref.
58)4 5996 CleT. Cln. Chlo. A St. L.
1C6 106
Do
pref.
•24
27)i Cler. Lorain A Wheeling..
•64
67
Do
pref.
Colorado Mid., rot. tr. otf «.
110
•24
•64
5%
5%
37
19
48
96
37
87M
Do
panadlan
1294
18)4
36)4
113
114% U4% 114% 114% 118)4 114)4 •113 114)4 113 115
•176X178 •178 178H 176 178)4 •177 178)4 9176)4 1769< 176)4
18)4 1894 •1H)4
18% 19V6 •18)4 1P94 18
ISH 19
•69
69
6^94
6794 6744
70H 6W« een «894 6894 •68
14
•18)4
14
15
14^ •14)4 15
14)4 14)6 14H 16
4« 6
•4«
•4)4
6
6
•4)4
5
4)4
4)4
•4H
14H 15k
16H 1494 15H •1494 16)4 1494 149, •14H
18
38
83
53
5i
115)4
.
Do
B%
6
43
18
40
7S)4
23
93
pref.
.
•35
36%
35% 35
69% 59% 69M
135%
6994
67
13)4
•••It •«•••<
•
Highest,
1896Jan 8
68)4JHn 11
65)4Jan 8
980 169)4JaD
Do
pref.
173)« 173H 173)4
1,542 1679* May
185% 165)4 U2)6 18'^96 Chicago A North Western.
135 195%May
195 3(0
900
197 200
Do
pref.
21,885 104%Jan
107)4 1U694 10894 10594 H 8% Chicago Book IsL A Pac.
U691 117
1(7
13
•63
63
11494 116)4
64
•170)4 175
il3V( 1294
eo
107
107
a7)<
107)4
118)4
176
13
18« 13«
37« 37X
59H «0>t
94
64
16'i
106« ir8)4 Jioe«
13
107
173
12%
86%
75H
86H 36
32 24 3i 33
33
23
•63
54
e4
53^ 62M •63
^U7M 117H 116H 117!^ 115% 116)4
i'e's"
1994
•85)4
•74)4
Do
Brooklrn Bapld Tranilt.
A PltUborg
Buffalo Booh.
Do
pref.
1^96 Chicago Great Western.
87%
Do 4 P.O. debentures.
131)4
12« 1««
16)4Mar
Jan
41
TightB
8,588
93,658
Range for
year 1900.
Lowest.
pref
Do
8t«
Week
Shares
50
A Santa Fe 18,84U
pref 100,423
76)4 Balt.&Ohlo,TOt.tr.oertf«. 30,365
44
2596 Atoh. Top«km
71
Do
•
•101
STOCKS.
STOCK EXOH.
AnnDoArbor
1794
•42
44
86>4 ' 26)4
6996
71)4
7694
76)4
80
«80
80
7994 80)4
7094 72%
70)4 73
7294
•60
•60
65
6u
66
«6
•106 113 105
105
118 •105 113 •106 112
*94
9H)4 9S<4
93)4 93)4
05
93)4 93)4 93)4 94)4
63
53
63114
•5394
•61)4 63
64
63«
53)4
63
68M 08J<
•103
•10i}4
•103)4
•108)4
108}^
• • ••
t • • • •
116)6 116H
116H 117 •116 118
117H iV7« 11« 116 116 IIH
38H 3eH a7?< 28J^ 379i 27% 37% 27% 27)4 2794 27% »-.^
1S8H 188% X126H137M 126%126H 126H 127)4 125)4 18894 13694 13696
30i<
69Vi
709^
60
N. Y.
-May 25.
f**^
On basin of loo-sh're lots
Railroad Stocks.
17«
^
R^^O^
SaUs
of the
400
100
410
69
118
101
ist.
906
Btraet Rallwaya.
Bid.
800
Second Avenue— Stock.
1st mort 5s 1909. .MAN «107
.
Consol. 5s, 1948.. .FAA 5118
Sixth Avenue— Stock. .... 303
Son Bonlev 6s 1945. .JAJ (118
So Fer 1st 6s 1019.. AAO {10894
Ask.
803
108
119
810
114
......
Third Avenue— .Sm Btook Bxoh list.
P A M 5s.l938 108 110
Tarry
108 110
Yonkers St BB 58
98th A 89th Sta 1st 5s.. '90 {113 114
Twenty-Third Bt—Btook. 400 406
108
..JAJ 106
Deb 6s 1906
Union By 1st Bs '48.FAA 111 lis
W
RAILWAYS, Sc
Bid. Ask.
Street Rallwaya.
114
1st 6s -43.. JAJ {118
Westohest
BROOKLYN.
118
114
IIS
hllst
AOan. Avo.,5s 1909.AAO {107
AAO
Impt 5i— S«« Rtock Bxc
1933.
A«0
B. B. AW.B. 5s
Con5»g 1931
Brooklyn City—Stock...
Cons Bl— See Stccfe Kic
BklynCrossui6sl908 J ikJ
BklnHgtslst 6s 1941 AAO
3'kyn Q Co. A Sub— See St
Bklyn Bap.Tran.— See Sto
0M.Oem.Gr.AB'kynlst 6i
.
5101)4
102%
928 230
hange list.
107%
107
108 105
okBz. llat.
okKz. List
I
.. .......,
.
1
THE CHRONICLE -STOCK PEICES (2 pages)
1036
STOCKS—HIGHEST AND LOWEST SALE PBIOES.
Saturday,
May
ifonday,
May
19.
58
84
(56
•82
•56
56« B6«
asM ae-^
•56
69H
•17
5e>4
66
89
88)4
15Vi
lOH
10
78
36
•87)4
•5
138
•12)4
•10
89
8
38
•88
34
70
45
15H
lOH
33«
H87M
33?«
13
•68
•82
17)4
56)4
88)4
5«)4
89
6
34
18
11
38X •37^ 8U
2794
•58
ia«
S8M
34
iB9i
12« 129i
54^ 55H
16% 16%
55>ii
17
110
17
100
•86
•46
349^
10e>« 115
•35
....
•45
....
•80
63
,
lis
•86
•45
aiX
2194
3196
31)4
m
9%
*;2
63
659i
71J4
639<
73)4
73%
9)4
:i5k 17
16h
47)4
47}i
•113
17
•lis
117
16H 17
16)4
48)4
118
•90
93
87
158
•
149
156
89« 39«
38)i
69)4
•69
113
74
12^
«11«
167
67
156
4
•31)4
4
32ii
75}«
9094
"iiii '48«
169)< 161)4
87
•ISO
•14
3994
69)4
185
•109
82
64
•30
68
•67
•06
•10
76
43)4
30M
aox •19
•86
439i
88H
.1^^
•83
88)4
67
•5%
7494
13
1161
47)4
11
88)6
(38)6
•83
47)4
11)4
68)4
a9)i
98
184
81
• Bid
13)4
161)4
146)4
11>6
68)4
'28)4
•95)4
42)6
U7
43
168
67
67
4
83
75
3494
66)4
185
Sonthem PaoUloOo
1296 Southern, Totlng
46
36%
67%
13
184
79M 80
no
2314
•4%
30%
88)4
1294
29
95
124
79%
sales
on
Street RatiwaTe.
Bid. Ask.
Ooney Island A Brooriyn. 330
1st 6a 1903
J&J 103 108
ar.8t.ANew lst5s'06A&O
0'P't A Lorlmer St. 1st 6s.
Kings Co. Blevated.—
lit 4s 1949
NaaaauEaeo pref
A4G
100
116
104
108
83
76
109
JAJ 90%
»ewWmb'gAFUstex.4%8 107
»t»lnwaylBt8sl988...J&j
• 115%
66%
6
35
63
'30
7<)
•10
100
16
68
•95
•10
12994
108
117
•66
2994
81?6
8196
•19% 80%
98
98
44
3096
29)4
8%
46%
79
1494
58
6094
6%
76%
91
ll«M
61% 64%
•4
62%
•56
•66
•95
7
35
68%
70
100
30
98
39
•94
28%
•35% 87%
48
188
•33
121
14%
88%
39
125
6%
73
•794
8
27%
29
43% 44
78
i78
81
115<
69
3896
•93
11%
69%
3P96
97
•117 184
7994 80
thla day.
i
6%
S6%
7894
7094
.
^ref.
i>o
(St. Loula).
48
10%
U
68%
•38)4
194
29
98
184
7994
Less than 100 sharea.
pref.
6,360
Do
Do
pref.
Tube Co
,
pref.
NewOent.Coal (new atook)
Ontario Silver.
Pacific Mall
eop'l'BGaB-L.*C.(Chib.)
Pressed Steel Car
Do
pref
CITIHS.
Buffalo Street Ry— Stock. 100
Ist oonsoi 5a 1931. FAA «116%
Deb 68 1932
1108
Chloa«o City
Stock.. 356
Indianapolis Street Ky....
84%
Cleveland City By
100
Cleve City-lit 5i '09.JAJ 10R%
Cleveland Blectrlc Ry....
87
Con 5b 1913
MAS 108
Columbus (O) St Ry
86
MAN
83
pref.
Union Bag & Paper
aDo
pref.
United States Bxpreaa....
United Statea Leather ....
Do
pref.
United Statea Rubber
Do
WeUa, Fargo 4 Co
pref.
80%
est. Union Telegraph
tHzlOOp. aatookdlT.
Ask.
118
111
860
....
101
106
88
107
88
88
168
785
335
National Steel
(Givbit at foot of 7 oonskoutivb
Bid.
26
3,040
National Lead
Do
3596 A. r
73%Mar 80
39 Mar SO
10
Jan
8
S3%Mar 26
2094Mar 3
67 Apr 2
7
5
33%Jan 22
6 159 May
4 9% Apr
78%Feb
18%Feb
60 Feb
794Jan
8
May
May
73 May
95%Mar
38%Mar
Not
44
394J'ne
3S%Ma;
9
J'ne
56
Jan
18
Oct
8%Dec 14%Feb
64 May 75%Jan
38%Deo 44%Jan
694Jan
18%Aat
17 Jan
40%Ang
36 Jan 73%An«
87
7%Dec
4
Aug
13
84
Dec
Jan
31%Dec 33%Sep
13%May 81 Nov
46 Deo 69 Aug
1096D6C
SlHMay
Dec
Dec
88%Jan
48 Not
97%Oot
61
30
30
133
31
88948ep
Oct
J'ne
6
44%J'ne
e
69%Apr
8
31
95
Feb
1
3 137%Jan
4
3 115 Jan 10
11 S 98% Jan 13
15 3696* eb 7
86 Sep
1696NOT
01 Dee
6%Dec
2
Feb
52%Mar
il80%Aa
Dec
7894 Dec
894 J'ne
3
15
35
86
45
8
31%Jan 3
43%Feb 8
98 Mar 84
80 May 15 60%Feb 6
89
33
90%NoT
7%Deo
Apr 30 9108 Jan 1119 Feb
Jan 17 3794Apr
90 Jan 8 100 Apr
Mar
Jan
66
1194Mar 36
5 8% Apr
31
1 1
85 Ju:
68)4Apr
98%Jan 106 Jan
Ma} 44%N0T
10 May 14%O0t
6l%Mar 27 40%JaQ 5896NOT
81 Apr 17
18)4 Dec
3594Mar
135%Jan 3 11 794 Dec 843 Feb
30 Jan
89 Apr
35 Jan
46 Dee
68%Jan 24 38 Jan 73 Apr
148 Apr 18 118 Jan 141 Feb
60%Apr 4 38%J'ne 51%Dee
78% Apr 4 66%Deo 84% Jan
996 Apr 87
6% Dec
8%Jan
84%Apr 87 19 May 35%Apr
8 1130
SI
Aw
Feb 100
lS94Mar 27
12% Jan 15 18 Feb 7
59 Jan 30 67%Apr 2
14%May
174%Mar
31%May
70 May
93%May
5
100
100
pref.
Laclede Oaa
.
68
116
Street Railwaye.
44%May
101 Jan
45,933 33 May
6,395 64%Ma«
1,860 120 Jan
3,180 44 May
98 Jan
109 Apr
6,180 14%Mar
8,084 68 Mar
International bUTer
ICuiokeroocker Ice (Chic.)
Silver Bullion Certlfs.
6% tandard Rope & Twine.
7294 Tenn. Ooallron A RB .
•46
10% 11%
88% 6S%
88% 89
98
181
79% 80
Preferred
-
6894Apr
May 88 Jao
15%Deo
48%Deo
38% Deo
36% J an
34
3C
37%Jan
87%Jan
69 Apr
94%Apr
Deo
Deo
77%Deo
34 May
70 May
4b96N0T
8894 Sep
33 Deo 78 Mar
84 Deo 10694Mar
114%Deo 182 Mar
110 Jan 133 Mar
194 Deo 105 Apr
»
1,150
81,319
63,860
13,b83
600
H. B.ClafllnCo
Do
43
80
94 Jan
Highest
80 Deo 5394Apr
16 84%Apr 9
74 Deo 99%Feb
18 lll%Feb 14 1 78% Deo 339%Apr
17 140 Feb 16 131 Deo 150 Mar
S 54%Apr 3
31%Dec 70 Apr
8 163 May 35 180 Dec 160 Mar
840
7%M8y 18 1896Jan 85
9%Maj 3096Aag
••••••
l%May 7 896Apr 10
l%Jan
SHA.pt
8,870 36%May 15 51%Apr 2
30%Feb 84 Sep
e • • • •
131 Jan 30 131%Jan 17
88 Jan 130 Dee;
pref.
Do
198
•116
OTHBR
6,957
3,711
4,280
1,400
48,511
18.708
Teleph.
International Paper
9
16
1994 Jan 10
9XJan 11
50 May 14
26 Jan T'
14%May 18
7
5394 JaoQ 11
3%Mar 8
80 Aor 16
35%Jan 2
86 Jan 2
910
. .
48
78%May
6%Mar
68^
200
181% 181% •180 183 Pullman Company
14
14% 1396 1394 Tt epubUo Iron & SteeL.
•56
67% J57
57
Do
pref.
•60
68 May 9
136 Jan 3
4496Jan 10
4
pref.
N.Y. Air Brake....
14% North American Co
9896 100
7794
8
51%Jan 8
1496 Jan 10
45%Mar 8
S5
38
1,147
General BSeotrio
44>4 National
14%
8
Jan
84%Jan
42 Mar
pref.
Do
pref.
12% Manhattan Beach Co
89% 39% 29>4 National Blacuit
SS1% 81%
Do
pref.
794
•46
4'*
,
pref.
118%
28% 89%
96% 100
44
45%
RR—
83
80
118
110
31% 88
87
46
88
38
123
Jan 25
32%May
654 89 May
40
runsw. Dock&C.Imp't.
ft
9
9
4,037
....
.
•109
13% •1194 13
60% 60% 30
61
61
80
pref.
46% Glnoose Sugar Refining.
99%
Do
pref.
•18% 13% •13%
61
•48
Oil
Do
Brie Telegraph
Steel
4894
70
100
15
30%
7794
181
4.150
3,«4H
1.810
pref.
Do
11
80 111
36
125
•133% 130
30%
38)4
il4)4
39%
7%
7%
36
•180
20
•33
•121
10094
.
•
35
98
88
15
Adama Bxpreaa
merican Car & Foundry
34% Federal
66% 66%
Do
110
98
87
43
45
89
38
126
Do
pref.
miscellanys Stocks.
Do
68
116)4 American Sugar Beflning. 478,930
111094 11094
Do
430 107 Mar
pref.
93 American Teleg. & Cable.
t98
30 l90%Apr
24% American Tin Plate
8,380 31 May
17494 7494
Do
245 74%May
pref
9196 93
American Tobaooo
801,864 85%May
il30
130
Do
110 138 May
11 48 Anaconda Copper pref
1,406 38 Jan
16794 163
Brooklyn Union Oaa. ...
4,394 140 Jan
33
23% 82%
64% 64%
6% 6%
•80
•56
•67
95
Wlaoon. Central, new
37% Amer. Smelting & Refining
89
Do
pref.
20% 3096 American Steel Hoop
69% 69%
Do
pref.
88
34% Amer. Steel & Wire (new)
7d% 74%
Do
pref.
99%
•109
64% 84%
6
,
ia oertfs indbtlOOS.J&j
B'kC.&New 5s '39.J&J
86
68
•
47
7994
prices;
83
99%
83)4
400
1,818
8,695
8,680
1% Colorado Coal A I. Dey't
olorado Fuel * Iron ....
123 125
Do
pref.
15% 15% 15
1696 Col. & Hook. Coal & Iron.
19196 19894 191% 194 OonaoUdated Gaa (N. T.)..
33% 3496 83% 84% Continental Tobacco
76% 79
77>4 79
Do
pref.
97
97
97% 97% Detroit City Gaa
110
88% 87
•117
8%
109
86
46
89
38
28%
33%
95)6
48
167%
113494 13494
46% 4794
11% 11%
68
88%
89
48
48
84)6
38
1,9-tO
. .
lit pref.
22%
15796
185%
86
47
1196
6894
93H
48
191% 61%
81)6
47
75
91
13694
2994
1294
73
135)4
3996
8896
98
67
38>»
43
•89
34)4
49
100
•109 110
83)4 83
• • • • •
116% lis
359<
70
100
•11
16
29% 30
•80
88
80
80
•95)4 100
87
96
31%
S7% 37>4
38
89H
1%
85% 86%
1)4
96
70
33
•8%
8)4
48%
Jan
Jan
*
8d pref.
156
•68
ai)4
89)4
• • •
250
Amerloan Dlstrlot Tel
American Hzpreaa
38% 37% American Ice
•160
111)4 lis
98J6
13394 13394
48)4 42)4
167 16794
t <
6.920
16
9
• • • • •
pref.
new
49
86
7,595
7,931
3,87u
8,840
,
11% 11% American Linaeed
x^5% 66%
Do
3% •3% 4 American Malting.
67
•87
•95
8994
118
pref.
93,968
8,372
H.,
Mar
16%Mar 35 81%Apr
32%Jan 5
9%Jaa 9 1394Mdr2e
23%Jan 10 3494Apr 16
50%Jan 11 62 May 9
99HApr 30 10l%Mar 18
48,750 3296May 9 43 Mar 27
Do
pref.
64% rinton Paolflo Ry
78% 73% *^ Do
...pref
Do
Do
Lowest.
May 28 80%Jan
3S0
141
3694
Highest.
3,150
pref.
tr. otfa.
pref., TOt. tr. otfa-
34% 84% Amerloan Cotton
•90
98
Do
69%
88^ 85
73% 74
91
47)4
58
8054
21
75
*.«
92
87
89
70
36)4
789< 74)4
114)4 117)4
111)4 111)4
•89
93
34)4
•21%
83)4
87)»
8996
8I94
37)6
OUTSIDE SECURITIES
6«1»*<1....
34
18%
118
1696 17
§3494 85
34%
3%
4H
31%
8)4
1)4
•
30)6
82)4
118
and asked
lat4ali»48
3396
58
81
60
8,060
St.Lonla Soathweatem. .
63
113
65
Do
Do
pref.
TOt. tr. otfa.
lit pref.
8d pref
38
103%
3694
16
•47
17
66
8. Fr.,
Do
at. Paul* Dnlath
Do
27)4
64
3fl94
163
39
89
•68% 71
12
12
56)4 67
18)6
i%
»60
80)4
i55
3794 39
•68)4 73
'150**
88)4
88)4
•38
38
38
•33
•33
13494 13i9< il35)4 125)4 •121
1494 + 1494 15
•1494 15
•1496
•7
8
•794
8
794
27)4
87
87)4
28
88
38%
101)41 9896 101)4
9896 10094
9994
48
45
46H •43
46% 15
8'1
79)4 •74
75 79 •78
183)4 1183
183
1
118^
183
180%
15
15
15)4
14)4 14)4
14%
57
56)4 66H J67
57
36
60)4
80)4 609< •60M 6O94 •60)4
en •5^ 6)6 •5% 6
7d
7c96 77
74)4 75)4
74%
13
61
•117
90
•4
80
87)4
46)4
•ao
SO
*11)4
996
58^
16
117
1696 17
190
UX
ifc
3d
8% 8% ^abaah
80% 31%
Do
9% 996 Wheeling & L.
•31
47% 48
§
St L.
Tot.tr.oti
lit pref
LXX
[Vol.
43%Jan 27 60 Mar
"ibo 80 Jan 16 93 Mar 88
100
5 May 24
6%Jan 4
14 43 Mar 6 40%Jan 2
13% Apr 23 16% Feb 5
i|6o6
9 Jan 24 12 Mar 31
pref,
5396
2136
9%
93
81)6
•95)4 100
88M
118
36)4 8794 •37
3794
'120
125 •180 186
14)4 •14X 17
16
16%
193
193 195
193)4 196
83% 28)4 84)4 83% a4M
76)4
78)4 79)6
78
78
60
70
100
•10)4 15
87)4
46)4
ll'^SH
15
33
Do
Do
otfi.
A
8X
•50
•26)4
•15
•80
87
186
100
74
34%
16n
167
7396
•8
81
35)4
70
36
73
5496
•34)4
35%
74%
899ti
861^
1009i
.;JI^
179
33
Totlng tr
Lowest.
4,060
14,840
1,560
5<96 65
Do
1696 1«96 '^rexaa* Paolflo
,
11294 1139*
hlrd Avenue (N. T.)..
•35 .... Toledo & Ohio Central. .
•45
....
Do
pref.
•61
63 Twin City Rapid Transit.
189<
53%
17)4
66)4
35)s
70
36)4
80%
149<
•114
17)4
17
e5V4
65
349i
7396
34)4
•68
•95
1
117
81
8194
•95H 100
18
89
1)4
'
309)i
48)4
2196
'100 110
83)4
22)4 33
64
64)4 64)4
•4
6
•30
33)4
18194
20)4
48)4
*16
89H
•
16
16>t
3l«
3894
110
80M
16H
3896
18)4
48)4
31
70
37
135
70
100
3^96
nj4 •IIH 12
66
66H 58H
4
4)4
4)4
349i 37
6694 67
134)4 184)4
47)4 48
46)4
99)4
86%
•79<
37?^
67)4
46)4
436)4
89
'130
114)4
196)4 189)4
24
81)4
77H 76)4
66)4
16)6
SH
996
58
•156" iVe
38
88
69
70
33)4
374*
3IX
8)4
8196
3
31)4
7%
1%
86M
34U
13H 1896
64% 55
6
•67%
pref.,
SDo
t.J.4G.IiU
16)4
11%
'10396
339i
3d
46
10
70
pref
•sdlng, T0U118 tr. oUa.
2.
Range for year 1900
Range for prt'
On basisof loo-sh're lots nous year (1899)
860
780
l»t pref., TOt. tr otfa
•5
•39)4
87
87
65
•25
•45
74
8&H 8i%
186
17
76
33)4
119i
118% 113%
55
74
6496
8694
43
167
3794
194M
a2M
33%
•68
58
1C9)4 113
109%
111
111
•110)4 111
•89
93
•89
98
33)4 94M
33
33)4
•74
76
•74
78
88% 89X 87)6 91%
109M 112
•
...,
»9(
65
7)4 71H
7«
...,
•88
72
8494
1696
*1S%
10
10)4
87
16%
46
83)4
37)4
37
88%
§1194
54
•ie9i
65)4
93
75H
34)4
12
37J4
•51
•114
17M
esM
36% 35%
aSH
sen
549«
0)4
54)4
26% 86%
•74
•87
112)4 113
•85
....
....
ai9<
93
•994
70
55)4
16%
•38M 45
•18H 15%
8%
65
896
193
5
ie9i
115)4
696
75
6
55
8i»
81H
59% Bio Grande Western
1694
•8)4
•3«
•87% 89
34%
18%
8
85
•90
88
1396
74?*
649^
•37
88
59)4
34
18
46«
56
88
34)4
1294
74
8W
88)4
•56
6596
138
839^
18)4
6494
64)4
73?4
68
89
66)4
88)4
59)^
*8)in
...
66« 65%
SIM
56
65
im
RDo
57
10896
S5M
* St L.
Pittab. Oln. Ohio.
17
6
•67
34)6
56% 56%
8494
15)4
^9%
N.
25.
16)4
•38X 46
10)4
May
Sales
of the
Week.
Shares
STOCKS.
Y. STOCK EXCH.
84
•6
•12m,
Friday,
65
•66)4
87)4 89
IBX
11
58
84
68)4
2894
•56
•••••«
85
•150
Wednesday Thursday,
May 23
May 24
66
81
59^
71
t71
SSM 349«
IIK 11%
asH asM
••••
17M
66
•38M 45
10
•88
84}<
17
a8>i
6
•18V6
84«
66
83
*S7ii
•3
•38!^
•18)4
•6
21.
60
65^
•Sl% 80
Tuesday,
May 22
Page
,
30
May
Jan
9 81 Apr 8
8 199 Jan
3
31 38 Jan 3
13 89%Jan 3
17 97% May 36
3
6
83%Deo
3 13.'%Feb 83
24 5794Feb 6
15 77)2Teb 6
10 140)4Apr 19
58%Feb
15
6
2 10196Feb 1
23 115%Jan 11
6
8
25%Jan
70%Feb
9
10%Jan 26
2
1«
40 Feb 13
58 May
66 Feb 8
85 May 10 80 Jan 6
96 Jan 11 100 Jan 4
6<4Jan 30
28%May
May
18%May
95 May
IS
16
16
17
27)4Maf 15
40%Feb
7
7
22
54)4Apr
8694May 14
6
98%Apr
37 Apr
4
924
85
14,197
8,049
43
May
May
14
PA.Qm).—82 RBIfT
Bid.
Ask.
130%Oot
76 Apr
93%Apr
133 Not
7694Mar
110 Jan
117%J'ly
68%Jan
96
36
Dec
30 Dec
9
Jan
Feb
63%Feb
Nov 84 Feb
Mar 86 Deo
96%J'ly 108%May
70
51
96
5
Jan
31
35 May 5
SO
36 Oct
150 115 May 1 138 Jan 8 110 Dec
850 1396 Jan 23 15%Mar 26
6%Jan
794Jan 4
9 Feb 2
6 Mar
8,006 26%May 19 47%Jan 8
36 Deo
46,200 92 Mar 9 lll%Apr 2
90%Deo
1,380 43)(May 16 5894Jaa 17
4494J'ne
815 77 May 18 88)4Jan 17 75 Dec
951 180 May 9 189%Jan 19 158 Jan
8,H30 1396May 85 27%Feb 8
16%Deo
433 53 May 8 7094Feb 6 60%Deo
59%Jan 18 6096Mar 8 5896Dec
830
4%Mar 8 10%Jan 3
8%8ep
80,188 68%May 16 104 Feb 2
38 Jan
1155 Jan
5 5160 Feb 3 111 Jan
960 1 i%Apr 30 26 Feb 7
17%Deo
523 56>4May 9 7794 Feb a 71 Deo
855 143 Mar 18 S4994Mar 81 {45 Deo
4,903 1096Mar 8 19 Jan 3
694J'ne
3,695 67 May 16 77 Jan 3
64%Dec
813 3S%Mar 14 44 Jan 3
37% Deo
80 90 Feb 87 10494Jan 3
9994 Deo
tl3« Feb 37 il29%Feb 8 130 Dec
4,818 78%May 11 88%Jan 5
88 Dec
Street Rallirare.
Col 8t Ry— Con 5s.— 8m 1
3l%Sep
333%Mar
66%Apr
103%Anc
101 Aug
39 Apr
Deo 68 Jan
107%Jan
89 Dec
28%Feb 5 83%Deo 40%Jan
106%Feb 20 10S%Dec 115 Jan
53%Feb 6 3194000 83 Apr
97 Feb 6
86 May 9996Aag
1894May 8
Feb
80
8%Feb
163 J'ne
80 Deo
71 De
83 Jan
9894Jan
3994Deo
67 Deo
05)4Jan
87 Deo
96 Deo
97 Jan
17 Deo
RAILWAYS,
Street
Railway.
48 Jan
330 J'ly
1794N0T
lOnApr
61 Aug
91 Sep
80794Oot
33%Sep
79 Aug
85 Apr
15%N0T
186
160
46
89
60
Sep
Aug
Mar
Mar
Jan
40%NOT
84%N0V
57
181
Apr
J'ly
135%8ep
I
98%JaB
dto.
Bid.
blla.
list.
New Orleans City By.
83^
Crogst'wn- 1st 68..,..., §108
110
Preferred
96%
J C Hob A Paterson
18% 19% North Chicago—Stock.,
4sgN v 1 1949. .MAN
81
iBt 5b 1906-16
JAJ iba'
Kansas City Bl 8s
liVo*
118
North Jersey St.— Stook
98
Guar 4b 1938
JAJ i 88
88%
Bonds
86
Lake St (Chlo)Blev-8took
Pat
6% 7%
Ky n 68 1931.. JAD 116
deb 6b 1988
JAJ 88% 90
Gen 6a 1914
AAO 99
Loulsv St Ry— 6 p o bonds ill9
180
Prov A Pawt'ck-lst 6s '83 J116
Common.
78
79
.........i
toohester Ry
Preferred
110
111
Oones 1930
AAO
LynnABos-lst 6s '84. JAD «113
3d 5a 1933
JAD
Mlnneap St Ry-6s '19.JAJ 1107 109
* Buyer pavs aoorn eel
.
Jan
55
189% Apr
Ask
84%
100%
380
< •
set
as
88
180
•
•
"8
17
08
87
••
N
911
May
THE CHRONICLR—BOND
26, 1900.]
BONDS
81*
W.T.8TOOK EXCHATfGF.
WiBK Ehdiho Mat 25.
Alabama Cent. See Sou Ky.
labamaMldlstiinK.1928 M-N
Albany & Saitq. SeeU&U.
Price
Friday,
May
Week'§
Ranffe or
Last Sale.
25.
Aak. Low.
Bid.
105
I.
High. No.
Mar'OO
1995
4b. .1995
1995
A-O
4b. .....1995
Novt
Re«rlatered
Adjustment g
92^
looH
'»2^ Sa'e
100^ Sale
;4
91'M
>ia%
Sale
1995 Novt
Registered
Ag 58....1902 J-J
Ohio & St Lou l8t68..19ie M-8
Atlanta & Char. See Sou Ry.
Atl Knox A Nu 1st g Ss. 1946 J-D
93
101
9««
94V4
2S
309
30
807
799iDec'99
90
9iM
98^ 108
99
lOOK
78H 85
••eta •••aei
100
107
Apr '00
106
105M 106
Atlan
Atlan
1925 J-J
1948 A-Ot
Sold 48
1948 A-Ot
Registered
BoathwDlv iBtg 3^8.1026 J -J
1925 J -J
Registered
98M
Bale
96
98«
191
lOOJi Bali
100
100
100^
399
BaglBtered
PJnn&UDi7tstg 3^81926 M-N
Registered
Monon Kty 1 st gn g
Ss. 1 91
Cen Ohio Rlstog 4^8 1930
Bel
A Car.
eiH 83M
86
8b«
100
310 87
"si" May'OO
ri
111
M-S •110
WVa&Pl8tg4B
1990 A-O
Beeoh Creek. SeeNYCAH.
May'OO
92M 97H
97^ 102M
87
101
91 9i
91
Ill
111
,
95
111
J'ne'09
••••••
,
lii*
ii'a'
••••••
BwayATthAv. Se«MetSRy
BUyn A Montauk. See L Isl.
Bran* A West. ^e^SavF&W
Bnff N
T A Brie. Set Brie.
1937 M-S
BnffB&PgengSs
113
111
947 J-J
ClAMahlBtgug58...1943 J -J
Booh A Pitts Istg Ob. .1921 F-A •128
1922 J-D 185
Consol lst6
Buff ASouthwest. See Brie.
O
BnffASnsq lstgold58..1913
O
1913
BeglBtered
BnrORANlstSB
1906 J-D 109
Con 1st & ool tr g Ss. . 1 934 A-O »115
1934 A-O
BeglBtered
113
113
109
Apr '97
Apr '00
184MFeb'00
103
131
Bale
131
100
Nov'99
109
109
105
MAStLl8tgag7B....1927 J-D
Canada South Ist 58.. .1908 J -J 107M Sale 1079^
8d5B
1913 M-8 lOe^ 107M 106M
M-8
104
Oarb A Shawn. See ni Cen.
Oar Cent. See Seab A Roan.
Carthage & Ad. SeeNYC&H.
106^109
115 117X
Jan.'99
1946 J-J
iV"
i2ii Bale
13^
12
6
107
47 106M 108M
5
Apr '00
W
43
Apr '00
Deo '99
95
102
105
J'ne'«9
105
107« May'OO
121« 182
120?g
120?|
112H Mar'9U
115
115
102
100
ib'aii
106U 109H
104
91
118^ 180
91
1
"so
86)i
"ss
88H Uii
,,,,.1908 A-Ot
1911 A-OT
IftoongSs
1939 M-N
Registered
1939 VI-N
1992 M-8
8en gold 41^8
Registered
1992 M-8
Craig YaUey 1st g 5s. .1940 J-J
BAADivl8toong48l989 J-J
1
U7
J'ne'99
99
981^
May'OO
96
96H May'98
\'6s" Sale" 105
105
99!^ Apr'OO
,
3 116
""2
"58
lis
98
100
Oh InALouls— Refg 68.1947
Refunding gSs
1947
LoalBvNAAChlst68..'10'J
115
104
116
106
116
115
Istg 68... 1921 J -J
1916 J -J
1924 J-J
IstHast&D Dlv 7a.. .1910 J-J
1910 J-J
Ss
1908 J-J
lBtIADBxten78
1st La Crossed D 58..1919 J-J
Point
D1V58..1910
Mineral
J-J
lBt8oMlnnOlva8....1910 J -J
Ist Southwest Dlv 6s.. 1 90W J-J
. .
OUTSIDE SECURITIES
4a
D—Com.
lii" 129'
lll^ 115
11954
11954
U9M
12154
1315<
11454 Apr'OO
13754 J'ly '99
137
187
187
171
110)4
168
1179< lie;
niH
....
11954
11954
11954 May'OO
120
130
133
nil
n
lllX 111
11794 i8oy
119)4 119)2
180
117
May'OO
MayOO
120
188
140)4 144
118
183
Feb 00
J-D
Chic* N'west—Con 7a..l915
141}^ 14154 May'OO
F
118
1902 ?.
113!4 May'OO
Gold 78
118 Apr'OO
1902 J-D
Registered
110 May'OO
Bxteosion 48. .1886-1926 F-A
107 Mar'OO
.1886-1926 F-A
Registered
110 May'OO
1987 M-N
GenOoldSWa
103 Nov'98
1987 Q-N
ReglBtered
118
-_May'OO
131
Sinking fund 6s. 1879-1 929 A-O
.1879-1929 A-O
ReglBtered
new 11554 May'OO
108 107 Apr'OO
Sinking fund 58..1879-1 929 A-O 107
.1879-1929 A-O
Registered
105M Mar'99
107
IC7
85-year debenture 5a. .1909 M-N
105 Deo'99
1909 M-N
Registered
119
AprOO
30-year debenture 5a..l921 A-O
117« Feb'98
1921 A-O
Registered
180 May'OO
180
Sinking fund deb 5a. .1933 M-N •119
11954 Deo'98
1933 M-N
ReglBtered
Des Mo & Minn Ist 78.1907 F-A
Bscan A L Sup Ist 68. .1901 J-J
10854 Feb "00
103 Nov'99
Iowa Midland Iat8s...l900 A-O 108
11294 Apr'OO
Mil Mad lat 68
1905 M-8 iia«
North lUlnola Ist 5a.. .1910 M-8 11394
11254 Apr'OO
Ott C F & St P Ist 58 .1909 M-S 11154
11154 Apr'OO
'118
130
Jan.'00
Winona & St Pet 2d 78 1 907 M-N
MllLS&W Istg 6a... 1921 M-N 18554 Sale 1S6V4 135)4
135 May'OO
Bxt&Imp8fg5a...l929 F-A laen
140 Deo'99
Mich Dlv iBt gold 6b 1924 J-J 13954
Ashland DlvlBtgeBl925 M-S 140
189)4 Apr'OO
105)4 Feb '97
Convertible deb 5B..1907 F-A
112 Nov'99
Incomes
,,.1911 M-N
138
133
Chlo Rock Isl A Pao— 6b. 1917 J-J 180
1917 J-J 133
13294 May'OO
Registered
Qeneral gold 48
1988 J-J 107H 108 10794 108
107 Apr'OO
ReglBtered
1988 J-J
96
96
DesMAFtDlat4a..,1905 J-J 96 Sale
83 Deo'99
85
88
lBt8^a
1905 J -J
98)4 May'99
BztenBlon48
1905 J-J
108 May'OO
KeokADeaM lat 5a., 1033 A-O • 107
Small
108
1933 A-O
1913
.
.
.
. .
96
I23M
109
118)4
108)i 113
108)4 111)4
107
117?»
8
96«
93
101
99
lOOJi
96
106H
99)i
102>i May'OO
101%108H
Bid.
97
94)4
113
H
lOtH
1049i
118H
101«
104%
Mar'OO
1069< May'OO
117
110« MOH
lllH J'ne'99
103
Jan.'00
185»(i
May'OO
109>6
109M
122
116
May'OO
May'OO
134^ May'OO
118% 116
115
115
108M May'OO
115
108
115
May'OO
Apr'OO
May'OO
^
97«
35
76)4
30)4
69
77)4
21X
71
86)* 87
109
111
107
••••••
On'd Tr&Bleo(Prov)-St'k
Weat Chicago si
Oon 1936
MAN 103)4 103)4
Woroeater (Maaa)Tr-Com
27)4 88)4
Preferred
104)4 loe
105
\06>4
•
119)4
110
•••••i
•••••
107
109)4
ni"
iie)4
••••• ••••••
11894188
103)4
108M
'
V1294
11254:
110
180
135)6
183H
i89)4
5 180
187
issM
134
18SU
"ei 103)4 108
•
•
10SM107
•
1
183
Mar'99
88
88
107
114
181
138
186M
Apr'OO
98)4
96)4
114
97)4
Oct.'9k»
*•••«• •aeeet
May'OO
118
Oct. '99
•••••a eeeaec
180
108
108
113)4
Hi
Aag'99
103)4 Oot.'97
•113
186
187" 138)4
99)4 J'ne'99
103 Jan-'OO
120
J-J
M-N
2dgold4U8
1937
CinDAIlBtgugS8...1941
«ee*
ClAk&CeqA2dg68.,.1930 F-A
C C C & St L—
aeng4s
1993 J-D
07
969^
J-J
01nWAMDlvlatg4a,1991 J-J
St L Dlv lat col trg 48. 1990 M-N
Registered
1990 M-N
Spr & Col Dlv Istg 4a. 1940 M-S
W W Val Dlv iBt g 4b. 1940 J-J
C I St L A C oona 6b,.1930 M-N
Cairo Dlv 1st gold 4b. 1939
'
'
97
9554
10054
Apr'OO
101
lOlii
I049i
CCO&loonaol7a..,,1914
105}^
108M
111^117
109
107
113
116H
H
VaL See
Col A
Ool Conn A Term.
Conn A Paa Rlva
Hook
90
08
104)4
105)4 Apr'OO
106
106)4
11594 Mar'OO
138)4 J'ly '99
11694
115K
Apr'OO
136"
m"
• • •
•
Nov'99
Consols
W
94
98
15 101
83
'.'.'.'.'.
36
a3G
97
97 J'ne'99
98 Apr'OO
102
101)4
99 May'99
85
ioi"
1936 Q-F
ReglBtered ........ 1 936
Cln 8 A CI oon latg 51.1988 ff.
115
137
J-S
1914
f 7a
lOiH
J-D
6 lOOM 108
Qen oonaol gold 6a ,. 1 934 J-J 132
32 10092 loayi
ReglBtered
1934 J -3
C&S lat M C C A 178.1901 A-O
lat pt 5a.,. 1938
O Ind A
118H 117
103 107
Peo A Baat lat oon 4i.ie40 tJS 88 Sale
37 108M 113
Inoome 4a..., ..,,.,,. 1990
2894 Sale
110
CI Lor A Wh oon lat 5a, 1938
102 103
Clev A Marietta. SaePaRR.
120^132 Clev A Mahon Yal g 5B..1938 J-J 12954,
29 IO814II3
ReglBtered
1938 Qn-J
119 183
Clev A Pitta. S$* Penn Co,
113^116
"iSH
Col Mldl'd— lat ga-8.48, 1947 J- J
1847 J- J
785^ Sale
latg 4
1989 F-A
Col A Son latg 48
133^ 188
8854 Sale
117
19 118
0olA9thAv. 8m Met St Ry.
2 115 116
Oolom A Qreenv. See So Ry.
20 110« 118M
Secnrltlea.
NBW
Bid.
137
108)4 Feb''99
88
2
88)4
889<
84)4
109
May'OO
35
106
180
May'OO
138
28)4
7954
78)4
78)4
85)4
45
94
7>'9i
4
88)*
173
98)4
84)1
109
ISO
63
79M
71)4
80
88
86)4
Yal.
SeeNAW
lat g 4b.'43
A-O
DakAGtSo, SeeCMAStP,
allai
b Waco. SeeM KAT.
aOptlonaalea.
Aak.
Gaa
Securities.
Bid.
Ask.
NY&
rORK.
Cent Union Gas— lat 5a {103
Oon Gaa (NY)— Stock— YStk
MAN 98
Deb 5a 1908
114
Bqnlt Gaa
M&S {114
Con. 58 1933
388
Mutual Gaa
106
Bxoh
100
116
116
300
Bast River Gaa—
lat 5a 1944
JAJ {113
Consol 5a 1945
JAJ 106
Nor Un Ist 5a 1937.. MAN
93
Standard Gaa—Common. 110
Preferred
140
lat Sb 1930
MAN ills
OTHBR
CITIBS.
Baltimore ConaoUdat Se
—
118
109
95
118
• Bait. Lla'
85)4 86,
Amaterdam Gaa, Com.
4994 505i Bay SUteGaa—
19i
Pref
{104
10454 Boston UnltedOaa Bonda- •BOStr. nLla
lat oonsolSa
City
6
Baffalo
Gaa—
Stock..
N. Y.Stk. Bxo
4)^
NT Bleo Lt Ht k Pow—
Gold 5b— See N. Y. 8tk Bzob Llat
N.
117
bDueAug. cDue April. dDaeOobi
(Given at foot of 7 coiiSBOuTivB vA.Qm).—GA8 8EGURITIE8, &g.
Qaa
Aak.
132
140
138)4 136" 180
95
95 Sale
106
•119
119
100
latg 4s
May'OO
101
104?i Apr'OO
UOM
107
135)4 May'OO
136
•183
A-O
StPA8Cltylatg6a,,1919
118H CIStL&C. SeeCCCAStL.
116H 121« Cln SAC. See C C C & St L.
Cleartleld & Mah. SeeBRAP.
lOOH 103
106MFeb'99
107
106)4
113)4 117
.
Chlo TerTranaf erg 4a,. 1947 J-J
1169i Cb A WeatI lataf g6a.. 1919 M-N
General gold 6a.
1932
102H Chlo AWeat Mich Ry 5a.l921
103
Conpona oB.
1921
Choc Okla &. Q gen g 58.1919 J-Jd
ClnHADconaf 78
1905 A-O
lOlJi
lOlM
105H May'OO
128
120)4
188)2
114)4
11154
171
119 Apr'OO
lll5iFeb'00
181
13194
I18V4
118
110)4
180
....
119
IIIW
WlB&Mlnn Dlvg S8..1921 J-J
MllANolstM L6a...l910 J-D
Mo price Friday; lateat bid and aaked this week. tBonds due July. tDueNov. lOueJone. IDue Jan. iDueMay.
Preferred
United Rys (St
Preferred
114«
17Kill7K
117!lgJan.'00
1819« jcay'OO
120
118
•••••• ••ettt
••••• aeettt
11854
lOlM Apr'99
See Brie.
1
13m Sale
Chlo&PW
,
Apr '00
117
117
9S9i
.
Street Ratlwayn.
io Bide Bl (Ctiio)— Stock.
ByraonaeRap.Tr., 58, 1046
union Trao (Chlo) Com..
109
112?4
106H Feb'98
4 8t L See Atoh T A 8 Fe
ChloStL&NO. Seem Cent.
Chic St L A Pitts. See Pa Co.
105 105
Chlo St P M A O con 68. 1 930 J-D
Ch St P A Mln iBt 6a, ,1918 M-N
107X niH
87 117^185
Nor Wisconsin I8t6a..l930 J-J
114J6116X 115 Apr'OO
115^ May'OO
8doong48
1989 J-J
Warm Spr Val Ist g Sb 1 94 M-S
Bliz Lex A B S gn g 58. 1 903 M-8 101%102}6
Ohio A Alton sink fd 6s..l903 M-N •105
....
LonAMoRly Ist 78 ..1900 F-A 102« ....
M-N
1900
8d7B.
low ....
MlBsRlvBlstafg 68..1912 A-O
Chic Bur &, Q—
Con 78
1903 J-J 113 ......
Sinking fund 5b
1901 A-O 101 102«
Chic & Iowa DlT 58.... 1905 F-A 104H i05H
DenTDlv4s
1922 F-A lOlHlOlM
minolsSlv g 3^8.... 1949 J-J 1049^105
1949 J-J
Registered
Iowa DlTslnkfdSa... 1919 A-O 116i<
4a
1919 A-O 105H
Nebraska Bxten 48. ... 1927 M-N
1927 M-N
Registered
Bovthwestem DIt 4a. 1 921 M-S
Convertible 58
1903 M-S
Debenture Ss
1913 M-N 109H 109J4
Han A St Jos con 6s.. .191 M-S 121
OhloABIU. lataf oar6a.l907 J-D
116
Small
1907 J-D
lBtoong6a
1934 A-O
135
OenoonlstSa.
1937 M-N WiH Bale
BeglBtered
1937 M-N 115 Sale
Ohio A Ind C Ry 1st 6b 1936 J-J •108
*
18854 II'SM
18654 I'^SjJ
11294 115)2
lir54Mny'00
Chlo
.
Gold 68
104
87M 00
May'OO
13
7
7J4
95
MldaaAAtlDlv5a...l947 J-J
MobUeDlTl8tg5B....1946 J-J
105
Centof N J-lst cony 78.1902 M-N 107H
122
Qeneralgold 58.
1987 J-J 121
ReglBtered
1987 Q-Jt 130^ 181
Convertible deb 6s .... 1 908 M-N
Am Dock & Imp Co 58.1921 J-J 115
Le&Hud Rgen gug68.'20 J-J
Leh &
B C con as 7b. 1 900 Q-MJ 10l5gl02}^
1912 M-N 101
6b
Cent Pacific See So Pao Co
Charles A Sav Ist g 7b.. 1936 J-J
Chteago A Brie.
167
169
17254178)1
May'OO
.
108
CRIaFAN. SeeBCR&N.
C P I8tg4s.l948 J-D 60 Bale 80
90
Central Ohio. See Bait A O.
M-N
92
OenRR A B of aa—Col g Ss'S?
91
Jan.'00
Cent of Oa Ry— Ist g Qa. 1945 F-At 118H U9H 1I8« 118H
Registered
194S F-At
92 Sale
ConsolgoldSi
1945 M-N
92
9lH
Registered
1945 M-N
Oct.'99
MANDlvlBtg5B
Low. High
17254 Apr'OO
17354 AurOO
16854
170%
11294
119«
ChlcALSn Dlvg5s..l921 IChic & Mo Klv DIv 58. 926 J-J 12154
181W
1910 J-J 120
Chic A Pac Dlv 68
Dak&OtSog68
Far A Sou assn g 68..
IP 9
St,
Cen Branch
iBt pref Income g 5b . .1945 Oct.*
3d pref Income g 5s ... 1 946 Oct.*
Sd pref Income g 5b. . . 1946 Oct.*
131
184« 124M
lie« May'OO
llOHFeb'99
,
OBIFANWlstg68.1921 A-O ua«
1913
J-J 114H,
J-JJ 118
Low. High. No
.
. .
ChesAOhlo—
Ods ser A
113)ii
1
BeglBtered
.
tinee
Jan.!.
Laat Bale.
. . .
M
Debenture ds
1914
48 series A.. 1989
1989 Q-JJ
UegiRtered
Oen gold 3^8 series B.1989 J-JI
1989 J-JI
Registered
Range
I2
. .
See IlUnoi 8 Cent..
K A T.
See
BoonoT Bridge.
Uen gold
lBtoon8ol6a
,
Week
Range or
N. Y.
Terminal gold Ss
1037
1.
Price
BONDS.
Friday,
EXCHANGE
HTOCK
May 25.
Jan. 1.
Webk Ekdiho Mat 25 5^ Bid. Aak.
Loto. High
Chtc Milwaukee A St Paul—
MA8tP— l«t78»gRD.'02 J -J 168
108M 105
1st 7s£KoldUD.... 1902 J-J 168
1903 J-J •168
lBtC(fcM7a
Chlo Mil & St P con 7B.1906 J-J 168
ainee
Bqnlp trser
& Danv See South Ry
A Yad. See South Ry
AnBtln&NW. Se«. SoPac.
Creek & S. See Mich Cen
Bat
alt A O prior I g 3i^b.1925 J-J
Paqb
(5 pages)
,
SMCenotNJ
Ann Arbor 1 It K 4s
Atoh T & 8 Fegen K
PKIOES
..
Range
13
Allegheny VaL See Penn Co
Am Dock &
J
Bid. Alk.
Qn.% Seenrltles.
Ohloago Gaa— See N Y Sto ok Bx on.
200 201
nnolnnati Gas k Coke.
sa
48
3ol Gaa L A Heat—Com,
.
Preferred.,,,
lat Sa 1933
80
JAJ {104
jnaoUd Gaa (N J)— Stok
JAJ
latSa 1930
Cjnaol Gaa (PltU)
Pref
Bunds 5a
Consam Gaa
lat 6a
(J
City)— Stk
MAN
16
106
19
78
88)4
63
113
108
{104
118)4
106
A
1
THE CHEON1CLE.-B0ND
1038
Price
Vriday,
BONDS.
N. Y. STOCK EXCHANGE
Wkek Endino May 25
May
Del Laok A Weitern 7t..l907
Morris ABiiex 1st ?. 1914
1871-1901
7s
1915
Istoongnar 7i
1915
B«gistered
M-N
A-O
J-D
J-D
M TLaokAWlst6i..l921 J-J
1923
FOonstrnotlon 5s
1923 M-N
Tenn&lmpt 4s
Pyr Blng 4 N Y 1st 7s.l906 A-O
1900 A-O
Warren 8d 7s
©el t H— 1st Pa DiT7s.l917 M-8
1917 M-8
Keglstvred
Aib * 8JslstOongTi7sl90e A-O
1906 A-O
Registered
1906 A-O
«iuar goldSs
1906 A-O
Heffist«red
1921 M-N
Beni &8ar lst7s
1921 M-N
R'glstered
De' Riv BR Bge. Bt4 Pa RR.
Den fcBGrlst gold 7s. .1900 M-N
Bid.
124
*18B
Week's
Bange
Range or
since
123J« Apr '00
138J4 May'OO
,
137
IS&H
U8«
118
-129^
137U
May'OO
Western Line 1st g
Mar' 00
106
Feb '00
122
lOlH
May'97
May'OO
148
118
123
lis
J'ne'9»
113
154
141
May'OS
108
118
110
99^
28
107^
8 107
105^
103
3
astTYaAOa. SM.SoBy.
&, B 1st g 5s. ..1941 M-N
Ellz Lex A B S. 8t»0&0.
Elm Oort & No. SseLeb&NY,
1947 M-N
Etie lstextg4
M-8
M-8
A-O
J-D
M-8
1 St oonsol gold 7s
M-8
gold
.1920
oonsol
fd
7s.
Ist
BrlP Istoon g 4s pr bds.1996 J-J
1996 J-J
Reiiistered
Isteongenlleng 4s... .1996 J-J
1996 J-J
Re^tered
Buff NT* Brie 1st 7s.l9ie J-D
1908 J-J
Buff & S W gold 6
Bmall
1908 J-J
106
116
120
iie«
A
Set
Pitts.
EscaaALSnp.
Pa
tf
118«
183^
106« Apr '99
1
189
136
90
138
188
143
135
al
116 May'OO
106 Deo '99
99}i Feb '00
140
1
119
109
Oot.'98
119
May'OO
06
96
US Apr '00
Sale
106
106
8m
109
-J
65
HAH or '83 1st 5s.l913 A-O
Georgia
1st pf g 5s.l945
1945
g 5s
1st gn g 6s. 1929
Paclflo.
8u So
A-O
Gila y G A Nor. See So Pao Co.
Grd,Dd Bap A Ind. See Pa Co.
ay's Pt Term See St L
A St J. SswOBAQ
jQsatonlo. Sm NYNHAH.
5d
e7H
59
101
104
06
89
1
J-J!
I-J
99M
J -J
J -J
Houst B A
HousATexOen. SssScPOo.
IttgoIdS^s
1951 J -J
Beglstered
.....1951 J -J
lit gold 8s sterUng.... 1951 M-6
Bettered
.....1951 M-8
CoUTmstgold 4s
1952 A-O
Beglstered
1952 A-O
li
A Tex gold 4i. 1968 M-N
Beglstered
1968 M-N
Cairo Bridge gold 4s. .1950 J-D
NO
.
B«gUtered
1950
LonlsTUle DlT g S^M .1953
Registered
1968
Middle DlT reg 5s
1921
St LonlsDlTgSs
1951
Beglstered
1961
No price Friday;
103 $j Sale
106
103
139
139i«
180
108
105
Sold 6
1S3M
lesk
IBeglstered
OoU trust g 5s
7
Mar'OO
70
55
Beoniitlen.
ssex A Hudson Gas
Wayne (Ind)—
U6K
JAJ
Grand Baplds—Stock
10i9i
89
89
eoM
1st 6s 1908
Indianapolis
lBt6sl980
102«
4(5
MAN
MAN
Gas—Stock.
1900
er ,..,.1980
BAN Aoongng5s... .1936
Slnkfd (SAN A) ges..l910
Kentucky Cent g 4s ... 1 987
4)4s.l945
108H
.....
100
lUu
87
60
108
102)4
08
Ask.
40
60
110
104)4
46"
65
90
100)4 101)4
104
98
101
98
102H
103H
(••••• ••t«i*
101)4 108)4
61
80
100
100
104Mian.'09
Jan.'00
86
t
AAO
Loganspt A Wab Yal—
Istes 1926
JAD
Gas— Stck
AAO
Ask.
40
99)4 100
Sd
i
60
66
«108
Newark Gases 1014
1140
Newark Consol Gas .100 06
.
JAD r.co
Hew Bag Gas A C—SmBo stonL
Os 1948
7
Bid.
100
Istes 1986
• • • •
lOOM llOM
31
UOKlllH
104>4 101
119)4
119«
89
89
55)4
116)4 11494
55)4
114»(
71)4
71)4
Sale
'.'.'.'.'.'.
lis
1
1
1
88
94
M
66H
111
11(94
68
W
al 116)4188
14 108)4 IISM
110)4 111)4
Aag'98
.
1C9
109
10854 NOT'99
no Feb.'oo
109)4 Oct.'99
..... •••••«
108
110)4
1*18*'
116)4
93
92)4
BIM OSN
May'OO
..... »«••».
..... •«•••«
lOlW ep
jt
ji
3 D
18l«
...
106
103
103
...
...
...
188
....
....
....
....
'9*6"
80
Jan.'U«
106
May'OO
70
Sale
M-S 108
F-A Ill
M-S 123
M-8 60
F-A 110
A-O
J-J 97
M-8
P-A 108
M-8
May'OO
105
107
70
4>4
May'OO
181
119)4
100)4 100
Apr '00
120)4 131
112
20
188
i'oa"*
«7)4 103
1009i 102)<
85
98)4
98
131
1
**6
100)4
•• •
48
11594
Bale
12)4 14
8S)4 8ale
••••• ••«(•«
***** k ******
•
116
138
107)4
9694
lOlM
U»«
106)4 KI^M
96)4 100
ll*«
188)4 1>0
Mar'OO
117
Feb.'00
117
lUM 11894
IISH Apr '00
183 Apr '00
183
13694
Deo '99
May'OO
107
111
••••••
••••at
98
98
0594 >8
107)4 107)4
109
liofi
107)4 Jan.'00
11094 Apr '00
96)4 Oot.'99
100)4
116« lie"
79
86
71
8
i'o*8K
66
111)4 111
Sale
68
i'o*S94
139
117
97
106
111)4
109)4 NoT'9»
'
105
NOT'97
May'OO
I
,
100
tOS
Jan.'98
108J4 May'OO
106
• •
• • • • •
98
100
4X
109)4 Mar'OO
'
A-O
180
180
M-N 111
J-J 99)4
J-J
M-N 108)4
A-O • 97
M-S 103
J-D 115
M-N
J-J 102^
J-J 128
J -J 116
M-8
J-D
Mar'OO
....
70
J'lyl
9
108 May'OO
106 May'OO
101)4 102)4 May'OO
97
96)4
97)4
C6
100
117
107
103
102
104
Sdlnc6s ACp stmpd.1917 M-Si
Id Income gold 6s B..1917 An.i
4n North 1st gold 6s.. 1910 j-n
1910 J-D
Beglstered
Bonds due August,
Laclede Gas— N Y Stock Hzoii.
Lafayette (Ind) Gas—
1st 6s 1934
MAN 61
(Wis)
May'OO
Sep.'99
101
74
i'le'
"b
98
i'la*' i*i*6)<
8P)4 May'OO
70
£6
18
80)4
»6H 133
81
8.)4
May'OO
85
66)4
108)4 Apr 'OC
81
Apr '00
18)4 May'OO
100
100
19
85
103
88)4
lOSH
May'OO
81
13)4 17
100 100)4
••••••
...... ..«•«<
81
*
Owe aeearltlf.
MadUon
108
ttleh Cent. Sm N Y Cent.
100 108M Hid of N J. fiMBrie.
4 L 8 A W. See Chlo A N W
tf 11 A Mad.
See Chlo A N W
'9*8)4
V6"
tfllANorth. SMOhMAStP
vf n A St P.
Sm Cb M A 8t P
(Given at foot ov
Kansas City Gas
6s 1088
108
10394 Not'99
A-O
J-J
Man 8WOolonlig5s..l984 J-D
8d oon Income g 3s...,198ti
Mi;
qnlpAcoUg 5s
ilaxlntematlstoon g 4s.'77
1987
4«z Nat 1st gold 6s
100
Apr '00
eo
eo
W
Apr'OO
May'Ou
108MApr.'98
18691
Ang'99
Sale
109
01«
HeK'ptABY. SmPMoKAT
)C«tropoUtan BL SMManBy.
114 115M Met
8 BU See "Unlisted."
118« 118)4 Mex Cent oon gold 4s ... 191 J-J
Income g 3s. ..1989 J'lYl
oon
106
1st
10«H
106
100
108
105
185
104
106
104
1990
6s... 1908
Beglstered
MetropolBl Istg
118M
...... •••••f
• • •
M-N
MahonCoal. SmLSAMS.
anhattan Ry oon 4s. 1990 A-O 100^
98% 108H
108
100
J-J 102M Sale 102M lOSM
J-J
F-A
188 May'90
J-J OlM 88M 88 May'OO
J-J
IstOs 1910
FAA ilOB
Hartford (Ct) Gas L... 80 t 48
Hudson Co Gas
80
0sgl949
Indiana NatA III Gas—
4)<b....1031
Sd gold 6s
....1030
Pansaoola dlT gold 6b. 1930
''•ns A Atl 1st gn g6s.l921
BtLdlTlstgOs
1981
SdgSs
1980
60
oo)<
118H Mar'OO
106
Fort
Ist 6s 1030
1903-18
1907
6b.. .1919
NashADeolst7s
Jan.'00
J-D
Bid.
h.
LOtnALexg
74M
103
these are Utest bid and asked this week,
Oaa— Sm n Y Bxc
Coltr5-20g4
Ceoel Br 7s
B H A Nash Istg
110
NO AM Istg
33
1937
1940
1940
1931
Unlfledg 4s
111
108M
«.... *•••#€
1940
108
...... II...
* . tt« lttt«
t tltlt
105 Apr '00
lOSM Apr'OO
I16«
114H
106)4
188 May'OO
117)4 Sale' 11714
118
112** 110)4 May'OO
M-6
J-D
M-S
J-D
M-t
M-g
N
TABB
1st
gSs..
M-8
..1927
106
NYBAMBoong5s..l985 A-O
Nor Shk Istoon g gn5s..'88 y-o
LaAMoBlT. SMOhlAAlt.
186M L B A 8t L Oon on g 5s Tr certs
6«neral gold 4s
1943 M-8
110
LonlsTllle ANashTllle—
General gold 6s
1930 J-D
100
Apr '00
138
V Ter By Istgn g 6rl941 A-O
1931
1931
General gold 4s
1938
Ferry lit gold 4)^s..,, 1922
Gold 4
..1932
Unlfledg 4b
1949
Debenture gold 5s. .... 1 934
Bklyn A Mon 1st g 6S.1911
1st 5s
1911
99)4
1
M-N
Long Island—
Istoong 6s....
Istoong 4s
Deo '98
Feb '00
108
104
OUTSIDE SECURITIES
Oaa
1997
LNAAC. SmOIAL.
Illiaols Centralist gold 4s
1951
Registered. ...... ...1951
oon g 4^8.1999
1999
AH Y I8textg4s.l948
g 5s.. 1997
coll
LANAMAMlstg
W T Irt g 5S.1933
1st
Registered
118)4
71
Se#NY Cent,
NFlaASlstgag5s ..1937
L AJAffBgeCo gug 4b. 1946
J-J
J-J
A-O
M-N
Hock Yal
Detroit
liriH
SW
Han
*
TiH
By.
G
Col
71%
108)4 May'OO
101)4 Oot.'99
96 Dee '89
••••«
J-J
Beglstered
1941 A-O
L Y Coal Co 1st gn g 5s. 1833 J-J
R<»«»«t«red
1933 J -J
,
Leh A N Y 1st ga g 4s. ..1945 M~8
Begl»t«ed
1945 M-8
B10ANlstfflstpf6s.l914 A-O
i»i* A
, ^*^.?i5«?f?"
LehAHudB.
SeeCeno/NJ..
Leh A Wllkesb. Bm Cent NJ.
Leroy A Cane j Yau 8m Mo P.
Lex At A PF. Sm Met St By.
Long Oook. Sm Brie.
Mar'98
Sale
104
Low. Hi§k
High.
131
Feb '99
BO
MOT'Od
8eJ4 May'OO
120
Deo '99
108 Feb '00
J-D
M-g
J-J 106
J-J
A-O
M-N 119)^
M-8 ttii^
M-8
J-C USii
W
Registered
..§
105
7S%
ASA. Sm 8 P Co.
Gauar ANo
114
124
20 108
>>•!••
>#••••
102
W8tUDColstg4>isl941
A D 0— 1st g 4-6s. 1921
St oonsol
"7*6«
104
107X May'OO
101 Mar'99
-J
-J
W
Beglstered 58
116^ 180
107^ 111
98
99H
93
97H
108M US
109« 109^ IU9H
99^ Apr '00
A-O
1943
StLASF.
Ga a Ala By
1
67*
SmOANW.
FtWABloGrlstg3-4s.l928
Gal
al
98
s « • • •
For'
Bar
88
Feb '99
140
Co.
Ist land gr ezt gold 6s.l930
Ft
148
Lote,
'1£6
LehYNT 1st gxig4«8.. 1940 J-J
Leh
Itange
Ask
.
Eareka Springs 1st g 6s. 1933 P-A
65
NoT*97
Ev j£T Hist o-^nes..... 1921 J-J 12i« 125H 134 May'OO
let general gold 5s. ...1942 A-O
108 107H 108
1923 A-O
Mt Yernon 1st 6s
Sull CoBr'oh Istg6s..l980 A-O
07«
Er&Iodlttoongag6s..ie26 J-J
105
108 Apr '00
Fargo A So. SmOIiM AStP..
riiiit A Pere M g 6s. ...1920 A-O 123
133^ May'OO
106* 10«
Ut oonsol gold 5s.... 1939 M-N
May'OO
Consolgold5s
Fd e A Y B Bge.
187
loeji
.
Pt HnronDlT Istg 6s.l989
Fla Oen A Pen 1st g 5s. .1918
1»1»
S?*?i"\c'"
8d gold 5s.
1909
8d gold 4s.....
I9igi
Iowa Central lstgold6s.l938
Iowa Midland. Sm Oh AN
LehYal(Pa)
116)4
133)i
.....
J-D
M-8
J-D
J-D
1st g6s.l937 J -J
8d gold 5s.
1941 J-J
North Ohio Istgn 5s.. 1945 A-O
Deo '98
85
90
89M
93M May' 99
7S« 7194
71« "a
Sale
W—
Biie
• »
JtM.1.
J-J
F-A 113«
F-A
BB. 8m Brie.
IZalAAGB. Ss«IiSAMB.
iVan A Mloh. 8m Tol A O C.
76W 82Hi K A MBAB Istgng5i.l939
KCPAGtrotifst g 6s.....
107 110
Kan A Paa Sm M K A T
Kansas Mid. 8««8tLAS£
Kentucky Cent. 8m L A N.
110 114^ Keok A Des M. fi««c Bl AP.
KnoxTllle A Ohio. Sm So By.
no^iiOH
'00
lasji Mar' 00
10fc9i
.
Jefferson
12 116W 118
117
116M Feb
116M
Cbic &Brlelstg5s...l982 M-N '116
Jeff aB 1st gn gold 5s.l909 A-01 lOS
Long Dock oon gold 9s. 1 93S A-O 133
Coal A RB 1st o gu es.l922 M-N
Dock k Imp 1st oar6s.l913 r-j 119
N r &GreenLgag5s.l946 M-N
Bmall
1946 M-N •••••
Mid BBofNJ Istg es. .1910 A-O
1st ref 6i.l937 J -J 109
N V 8A
2dgold4^s
1937 F-A
GeaeralgSa
1940 F-A
Terminal 1st g 5s. .1943 M-N illH
Begls 95,000 each. 194S M-N
WUkABaslstgn g5sl942 J-D 106
.
L Sou Ist gug
A W 1st g Ss. ..1985
6s
1935
Ind ni A la 1st ref g 6s. .1948
Int A Great Nor—
St
107M lis
Jan.'00
121
i96l
4b... 1931
Ind Deo
LakejBrte A
Apr '00
118
1951
Beglstered
LSAMa
1919
1923
1920
1928
1920
2d aztgold 5s
3d«xtgoid iHu
4Th8xtgold 5s
Sthextgold 4s
110
1
Last Sale.
Week's
Oold3)<
::i95l J -D
BegUtered
1951 J -D
Mem DlT Istg 48.... 1951 J-D
130H
108M loe
'
Elg n Jol
Beglstered
108M 10491
96^ 99H
107U
lOlM 106
99
107
J-D 92 96
1995 J-D
Gold 4s
82M 85
82W Apr'OO
Dui A Iron Bange Ist5s.l937 A-O
lOSJi lOSM
108^
1937
A-O
R gistered
1916 J -J
2d 6s
Dul aedW&Slstg6s.l928 J -J
OSM Feb.'99
Dul So Shore A Atg 5s. 1937 J -J 112H
114^ May'OO
East of Minn. SMStPM&M,
Det JkMaok lstUeng4s.l995
A 8 Istg 4s
1982
ChloStLAN Og 5s.. 1951
Istguarg
108M May'OO
S et
195]
Garb
Sep.'9u
tinet
25.
-J
-J
J -J
1951
Beglstered
118^116
112X118H
Sange or
May
4s. 1961
BeUeTACarlst6s....l9a3
146H 148
1049g Apr'OO
1936 J- J
999< Sale
1936 J -J 1019i Sale
ImproTementgoId 5s. 1928 J-D 106 106
Des ^ & Ft D. 8m O B & I P.
l8toong4^s
180
106
183
Ang'flS
112H
Istoong 4s
DesM&MiuiL fiMChANW,
M Un By 1st g 5s. ..1917 M-N
SlftTol. Sm L S & M So,
Beglstered
O0l.'»b
LXX
[Vol.
St. L.
136
116
148
2.
Briee
Friday,
Bid.
Cen
Sold S^s
104^ 107M
Apr '00
112
!««
m
lAlii
186
146^ May'OO
'lis
1.
189
May'OO
148H 141
140
188H 137
119
105
122
108
BONDS.
STOCK EXCHANGE
Week Ending Mat 25.
DIt. (Con)
.....1951
Registered
i96i
Spring DlT Istg SUs. 1961
104H May'OO
,
Page
(6 pages)
N.Y.
Low. High
128 133%
Ask. Low. High.
104^
Des
Jan.
Last Sale.
25.
prices
.
I
80
t
Due April.
I
Dae January.
Oaa
Bid. Ask.
8eourttles.
88
88
Ind Cc u Nat A 111 Ohlo&lnd— 1st 68 '2ejAD 68)4 63)4
Peoples Gas A Coke— N Y StOCA Bxon
Philadelphia Co— Sm Bos ton L 1st.
00 t 04)4
ProTldenoe Gaa.
SB
at Joseph (Mo)
Ohio
A
I
107
141
60
CoBsol5sl944....MAS
Syracuse Gas Stock
1st 611046
JAJ
«
108)4
We(t«mOas(Mllw)
Cs— 8m N Y St Bx
1st.
Dae
October.
IDaeJulf.
aOpUonaL
d TELEPH.y dko
Bid. Alt
Teleg. & Teleph.
ooksboutivb FAQm).—9AS, TEL.
JAJ
68
76
1
5s 1987
S:
Paul
Gas—Stock
—
lUt.
98
46
78
IS
60
96
98
68
60
16
89
08
Anerioan Dlst Tele— NY Stock ztfc
Bell Teleph. of Buffalo.
Central A South Amer.
C ies A Poto Teleph—Stk
5s 1909-89.
JAJ
Commercial Cable
C >mmer Union Tel (NY).
B aplre A Bay SUte Tel.
B :le Teleg
F/anklln
116
104
•
****
108
67)4 68)4
•••••«
104
17«
165
no
78)4
116
80
A Telep— Sm 8 tekBz lust
47
48
lAndlntarwt. tPrio* p«r sb ar«,
..
.
May
Friday,
Range
May
Last Sale.
25.
n
132^
I'iili Bale
J-D
A-O
M-M
M-S
Min*8tl. «n. Set BO R&N
M& P,l»t8B8t4»lntgn..'3e J-J
MBSM&Alltg 4ilntKn.-3e ,I-J
137
138
115
96
129
PdCiflo ex lit gold 6t 1921
19&4
let ouus gold St
let and relund. 4b. ...1949
.
M SlPABSM oong 4ilntga'38
M.
Mo
>^su
Set St P M &
& Tex— lttg4t. 1990
1990
2d K0ld4»
1944
lot exten gold 5i
.'06
g
7i.
Oogu
jneT
Bo
Bdfe
Dal&Wa 1st gag 9*. 1940
96
Bale
98
93H
«8
8)
M-81
1917
1920
1980
92
91
1089i t03
113
F-A
113
Sale
Small
HO
I-J
Mob % Ohio new gold 6s .. '27
Isteneuilougold
6s. 1927
193»
General gold 4s
Montaom DtT 1st g 5i. 1947
St
9S
80
48
94H
15
116M
114%131H
94
lOlTi
96"
"im
93
98
113!^ 113
1
i'0'9
84)i
77Ji
128
124
85H
127
127
124 May'OO
ee«
851^
Sale
103
1901
1938
1917
lBt6sT4Pb
& Al. 1917
1st 6s McM M
1st gold6sJasperBoh.l923
Nash Flor h Shef Sm L <fc M
ad 6s
Ist con gold 5s
lObH May'OO
OlndAW. SMCCCAStL.
hlo
-J
127H 188
J-J
A-0 105)^
10
12'*
1903
Re<lstered
•113
!••§• ••••«•
111
111
J
J
,
Sale
J-J llOii^Sale
1997 J-J
Registered.
DeaentareQsof. 1884-1904 M-8 106?gl06>4
lieglstered... .1884-1904 M-8
Re < deb 5s of .1889-1 904 U-S
Debenture g4i. .1890-1905 J-D 103H,
1890-1905 J-D
EleglBtered
Debtoortsextg 4s. ...1905 W-N ibi%
1905 M-N
Re^tered
Late Shore ool g S^s. 1998 F-A 98M Sale
1998 F-A
98
Registered
97
Mich Cent ooU g S^s. .1998 F-A
1998 F-A
90
Registered
9S>fi
Beeah Crk lit ga g is. 1986 J-J 109« ..,
1936 J-J
R-glstered
1936 J-J
2dgagold 5i
1936 J-J •••••a ••••«*
lieglstered
Cart& Adlstgn g4i.l981 J-D
. .
,
i6i)i i'd'7H
May'OO
111
111
109
10 110
10 108
111
118
111
111
110« 111
113H Apr'99 "51
1029i 108
106H 106W
106i* May'OO
105H lO'^M
\Q9\i 8ep.'97
May'OO
lOS-}^
10396 10396
104M reb.'UU
1019^ May'OO
I029i Aug'99
98-4
98
17
97H May'OO
'33
97
97
101
k.7
May'OO
llOV*
llOJi
L06
J'ne'98
97
10896
99
95H 98
96H 98
97
96
108 llOH
Series
Pitts Ft
106
Not St Mont
West Shore
112
.
2361 J -J
Registered
liake Shore oon lit7i. 1900 J-J
...1900 Q-JJ
Registered
.
'.
112^
Sale
103V« Sale
101^ Sale
J-D ...... 116
J-D 114V6
Reglitered
J-D 111^ Sale
ODld S^s
J-D
Registered
Cla*8litgL8&MB7s'01 A-0
Dat Mon * Tol lit 7il906 F-A
KA&aRlitgo5s.l938 J-J •••••• •••«•
M ihon C'l RR 1st 5s. 1 934 J-J •••••• •••••
Mich Centrist oon 7sl902 m-N loevfi
190^
Ist OOU 5i
102H lOSM
1909 M-8 119H ...
68
1931 M-B
5s
1981
Registered
«•• •••t«
1940 t^J
43
1940 J -J
Registered
Bat Cdi St Istgn gSs '89 J-D
N Y & Harlem g S^i 2000 M-N
2000 M-N ••••••
Eegtstered
'••••
N Ti North 1st g 5s.. 1927 A-O
R W AOgoon lstext5s.'22 A-0* 126H
0Bwe&R2d giig6s..l915 F-AI
RW*OTRlitgag9i.l8 M-N
UUca * Blk RlTga g 4i.'22 J-J
N T Ohlc ft BtL litg 4i.l937 A-O 106
1937 A-O
BaglitAred
1903
1903
1997
1997
J'ly '98
lOeji
Apr '00
Feb '00
103
OUTSIDE SECURITIES
Bid. Ask.
Twleg. jk Telei>h»
118
ftoldABtook
188
Bonds
80
...........
Hudson River Telephone 120 186
, .
116 118
816 888
Bosto nUsU
M«w Bug Telep— See Best (Ml list
Northwestern Telegraph. 188
II T A N J Telephone.
168
Is 1080
MAN 111
PaeUoA Atlantio
76
Providence Telephone.
05
Bonthem A Atlantio.
06
.
. .
113^
113
113
112M
103H
lOlM
103H
lOlH
114«
11491
11196
UOH
10854
119
1069i 107
103
15 110
39 110
Aprr'OO
'51
ll>?6
Max'Ou
.
I
May'OO
138
180
180
ii4*
108
107
(••f>«
19
9696
97
95>6 J'ne'99
ib'i"
lltttl
118
ISi
188
110
129
180
17U Aug'98
1
90M 09M
Feb ''9*7
96^
108
9B
100
J049i 454
10896
104^ May'OO
103M lOBH
103
1063
69
65
«'i96
67
66)^
68J6
131U
131><
132 J'ly'99
95 May'99
118^ 119
IC9
95
76
7
1
66^ 68
131M 188M
..•i.i ••••••
10
US
ISO
Apr'OO
Feb '00
Apr'OO
109
95
60
109
96
77
Deo '99
.l'ly'«9
May'OO
Apr'99
US
107
Aug'98
lOeji
1069i
Jan.'00
inSH
ISO
173
118
lOSi,
t
O
A
116
11696
iHh May
lll«116H
UDftlllM
,
''do
lllH
Jan.'00
103
Nov'98
A-O
J-J
1922
ntti Juno lit g 61
PltU A L Brie— 8dg6i .1928 A-Ot
mtiMoE A Yo— litgu 6i.'32 J-J
1934 J-J
Sdguar 6i
MoKee A B Y lit g 6i. 1918 J-J
1916 J-J
ntti P A F lit g 6i
TeleE. Jk Teleph.
Teleg Telep
A
Bid.
Cable—See PhUa
Dae July.
I
Due June. IDaeliay.
t*»eet atttt
••••• ••••••
lOlK May'OO
lOl^lOlM
»
*•*
«••••
•
101
Apr'OO
General lUeourio cu
West'n Union Teleg— N Y Stook Bxoh
Eleotrlo Companlea.
170
Allegheny Co Light Co... 165
46
41
Brush lEleotrlo Co
SO
18
Consol Bleotrlo Storage.
14
Hddy Hleotric MfgCo..85 t
Edison Bl ni Co NY-N Y Stook xoh
Bxoh
Bdison Bl ni Co Brk—N Y Stook
IIH
BdisoD Ore MlUing Co....
»H
BJeotro-Pneamatlo Trans
Wayne Bleo. Co. .85
Series A-....
'
"s'e*
48
••«
101
101
114
117
109MApr'97
116«
iie«
116
117
118
109
100
•107
139
138
140
'129
Apr'OO
118% 117
117
Nov'98
Apr'OO
Apr'OO
139H May'OO
136 Mar'OO
134
108
lOeM 109
100
135
180
134
Feb '00
May'97
••
••t
100
139M
186
184
•*•«•
•••••• •••••
tteait «••«•
••i
>••••• •*»9«l
• •
108
Jan.'00
1139t Mar'OO
••• *••••
I'o's" NoV''9''7
108
100
100
•116
101
t
§••••
100
99
lOOM
88
S8
101
13091 Mar'OO
180M ISOM
06
187
Deo '99
...i.t tttiti
...••t ••••••
107H
Oot.'98
181
Nov'98
NOT'97
•••»t*
••••••
••••••
•••»••
»•••••
••••••
90
•• •
i •
J'ne'99
lOlH
879( Jan.'00
10094 May'OO
.,.,
lOCM Apr'OO
'87%
'
•••t<
••••••
09H lOOU
eoM lOON
8896 375
Deo '99
68
99K
S6H Mar'OO
••••9«
•••«••
••••*t
••tit*
118M IISM
115W Mar'OO
"s's"
117
May'OO
8496
r4«
a
May'OO
*
"s's" Sale
i ••••
••••••
101
141
90
118
108
il7
lOOHS Apr'OO
23 Jan.'00
130
108
100
117
88
•OK
!••••• ttCttt
73
04M100U
86
Due Nov. a These are opUon ialefc
FERRY
Companlea. Bid. Ask. Ferry Co"-«m»»lwi».
Ferry i;Qmpu.aie».
—N Y Btook Bxoh Brooklyn
Ferry-stoolr ..
Do pref .— Sm Boston L 1st.
Bonds 5s—Sm Stook Bx
Hartford (Ct) Bleo Lt Co. 1C6
Electric
list.
108M
iitS
,
Utah Cent Ist gn g
Ask.
m
U7H
••»!••
,
(GUvbn at foot of 7 ooksboutivb FAQm).—TBL., ELEG.,
1
103
1031^ Mar'OO
I17hi Feb '00
,
.
lOSH
IOC
119>< Oot.'99
.
mtiBhALBlitg6i..l940 A-O
1943 J -J
lit coniol gold 5i
*
102
Bt
PlttiFtWAOh. SMPennCo.
105'
Due Jan.
103H May'OO
8dg6itrreolitpd..l926 M-
>«o ABait. S««
. .
Fort
100
-J
MtUAWeit litg 4i... 1917 J.J
J P M A Co oertfs
ntU Y A Ashlstoon 5il927.
186 1&9M aMdlng Oo gen g 4i. 1 997
Reglitered
1997
toniielaer A ^ar. See D A H.
tieh A Dan. See South Ry.
104H 108H UoOrWeit Iitg4s....l939 J-J
48.1917 A-Ot
'
138
186
J
116% 11B%
J
102«,
F-A
litg6strreo.'30 M-
nttl01eTATollitg6i..l922
llSMMay'OO
104M 110
101
119
118
•10696.
101
101
L
113^11496 7eoAPekUnlitg6s...l921 Q-F
1921
Feb.,
M-N
liglHu
11196
109i4
llOH llOM Pine Creek res guar 6s 1932 J-D
nttsOlnAStL. Sm PennOo.
PCOAStL. Sm PennOo.
119 181
i'o's"
10996 May'OO
.
117M
1919
1919
1943
5i
vaniDlv
laeii i's'gM
LU696 109M
lOSii 10492
119^ 119J6
188
128
May'OO
Jan.'00
Jan.'98
WAO
S^^s ..1949
lit 7s. 1912
.
Deo '97
May'OO
137
115
114
100T6 :08H
3 10096 102>6
4 11896 110H
iim
108
108
103
8
Viiii Ap"r''o'6
106«
lG69i
1 049^ Apr '00
119Hi Apr'OO
128
Bguar
Reglitered
these are latest hid and asked this week,
Intamatlon Ooean... . .
Mexloan Telegraph
Mezioan Telephone— Sm
Bale
lis
114
17
104K 105
lOlH Nov'98
93
110
M-8
M-N
Oong 4i
ar RAI ezlit gag4^i.l94l
J
lit
gu
4Ui.l935
M-N
01 A Mar
g
DRRRABgelitgn4ig.'36 F-A
AUegh Yalgengu g 4s.l942 M-8
Sun ALewlslstg 4s.. 1936
J
UNJRRAOangen4s.l944 M-S
Nash
fcnsaoolaAAt. Sm LA
'to DeoAB lstg6itr reo.'30 j
Oong
95
A-0
lit gn g 5s '16
1st 4s ga. 2361 J -i
;
Jan.'00
J'ly'99
See
P.
1912 J-J
Sd7i
1912 A-Ot
8d7i
P«nnRRlitrealeig4i.l923 M-N
1905 J-J
Oon sterling g 6i
Oon currenoy 6i reg.. .1905 Q-MI
••••• •••••(
J-B
Moh * Mai Istgn g4i.l991 M-8
N J June R ga lit is 1986 F-A
1986 F-A
Bsglitered
NT^Patlstoongng4s.'93 A-O
Friday
114
118
6EH 75
-J
1
Sm N Y C
ANW
J-D
MOf Mliioorl. Bu Mo Pao
Panama litifg4Hs.. .,1917 A-O
1910 M-N
SfiubildygBi
PennCo-Ou litg 4>6i*1931 J-J
.1931 J-J
Registered
atd3f(iooltraitreg.l937 M-8
C BtLAPlitoong5s.l932 A-O
1932 A-O
Register^
O)evAPlttsoonsf7s.i900 M-M
aengug4Miier'iA.1942 J-J
1942 A-O
SerleiB
1948 M-N
terle*
SJ^s
rieAPlttgug3MiB.1940 J-J
1940 J-J
BeriesO
NACBdgegengag4^s.>45 J-J
PltUOln AStL lit 7i.l900 F-A
.1900 F-A
Reglitered
P O O A Bt L oongu g 4Us—
1940 A-O
SerleiA.
1942 A-O
SerleiB gnar
1943 M-N
Bertei Cgoar.
1945 M-N
Series D 4s guar
US Deo '99
Bltnm Coal Corp
lstsflntgag4BserA.'40 J -0
Bmall bonds series B..'40 J -J
* No piloe
Apr '00
J-D
A-0
Pao CoaitCo— 1st g6i.l946
C.eirfleld
C3niol2d7i
1937
1901
litg4i
O O ff * St
A.-01
ieS'7
Oour&Oswel8tgug5i.'42
188
1859i 18<'
185
leo
133
188
Oiwego A Rome.
139
136
Sep.'9fl
101
105^
106J<
111
Deo'9u
.1
G3MI
May'OO
May'OO
Ore A Oal. Be* So Pao Oo.
Ore Ry A Nav See Un Pao
Ore RR & Nav See Un Pao
Ore Short Line See Un Pao
8««NYNn&H
'ino RR. Set N Y Gent.
New & ClnBdge. See PennOo
NO&i'<Kprlorlleng6».1916
N Y dkln i, Man Bh. £l«( L I.
jj Y o,nt&HB 1st 7s.. 1903
RlTorRR 1st g 5il936
OeneralgoldSi.
.
N
.
n«t.'07
188
189
NorWli. SMOBtPMAO.
Nor A Mont. SMN.Y.Cent
128
126
87
109
120
133
83
107
Om AStL
W
Newfl*D.
....
89
119
L&W
Bee Del
1st 7s. '13 J
117
131
Morgan'sLa&T. <S«»8P0a
& Bssex.
'186
Pgeng6i...l933
.
127
120
04U
185
1933
Reglitered otf i
Wash Cent 1st g 4s. 1948
Nor Pao Ter Oo lit g 61.1933
Nor Ry Oal. Sm rio. Pao.
110«110M
Moaawk & Mai. 8»« N T O & H
Moaongahela Rlv. 8t« B &
Mo ut Cent 8m St P M & M.
Morris
J-D
1905
1.
Ask. Low. High. No. Low. High
Bid.
A-0
M-M
M-N
J -J
J-J
sine*
Jan.
Last Sale.
25.
W
IICH 111 109^ IISM
no 1 0V6
Apr '00
81%
Range or
Nor A South litg 5s.... 1941 M-N 112 116
Norf A West— Gen K 6s. 193 1 M-N 181
New River 1st g 6s.. ..1938 A-O 187
ImprrmtAext g 6s... 1934 F-A 130 181
N A Ry Istooug 4i.l996 A- O 96% Sale
1996 A-O
Registered
199(! \-0
Small
Is
gng5s....l922
J -J 107
AT
90
Solo TAN Hlstgag4s.l989 M-N
North Illinois. See Chi A NW.
North Ohio. See L Brie A W.
Northern Paolfio—
Prior Hen r A 1 g g 4i..l997
1049i Sale
1997
Reglitered
"a*';* 96 Sale'
8047
Generallien gSi
8047
Registered
BtPAN
LiOalrogag4s..l931 J -J
NashOhat&StL
Istreg 4s
May
Mange
Week's
Price
Friday,
Convert deb oerts 91, 000..
BmaU oerttsflOO
106
102
112
llOM Feb.'00
J-J
J-J
J-D
Q-Jl
M-&
F-A
8(5
H7H
81k
-J
1945
69
May'OO
May'OO
110
m-e
1945
Mortgage gold 4s
Y N H A Hart
1039
3.
lis ....
1905
lit 6i
88H 93%
66
70H N Y A North. Sm N Y O A H.
90
96% NYO AW. Bef litg 411992 M-8 104M(105
Regis 95,000 only... 1992 M-Sii
N Y A Put. Sm N Y C A H,
89
98K N Y A R B. Sm Lon« lil.
94« 97« N Y 8 A W. Bee Hrle.
N Y Tex A M. Bee So Pao Co
81
76
97
94X
'
Bmall
47
"93" May'OO
105M Jan.'OO
112J< Apr '00
Gonoonrr &ldgrtg5s'31 A-0 ll(^ Sale
110
Ge jooDstampgtdg 5ii'31 A-0
1929 J-J
Unlf 4»ref gia
81H Bale
J
93«
80
Bala
Sale
.
V<Td V^ I & W 1st g 5s.. '26
Miss 'iiTBdge. S«« Ohio & Alt
Mot) & Blrm prior lleng 5s.'45
S
99«
98
91«
97
80
Mount—
Iron
26
96Ji
91W
97
Bale
.
&
SmNYNHAH
li5
9 l?g May'OO
lOOJg NOT'99
94 Deo '99
*94'
97H
94^
Vl-81
RefUt«red
F-A
Le i,y4C V ALlstg6s'28 .I-J
'3b
ex
4s
of
Mo
1st
V-A
g
Pac tt
2d extended gold Ss 1938 J-J
St tiOUlB
May'OO
68
Sale
M-N "9a'
M- "
90
J-D
F- A
so'
J-U
A-r 108
M-H 113^
M-^ 116^
)
1.
Low. High
N Y A areenw Lake. Bee Krle
143M lai
132^ 133H ?l Y A Hai. Se» N Y O A Had.
S Y Lack AW. Sm D L 4 W
S Y L. U A W. Se« Brie.
128 158
112 119W MYANB.
'08
t;j2^
Jan.'MH
Page
N. Y.
NB
N YANK lit 7i
m-N
'
(5 pages)
BONDS.
STOCK EXCHANGE
Week Endino Mat 25.
since
Jan.
PRICES
HoasatonloRoong6s.l987
ADerbroon6s...l918
fc^-A,
MttATof Tlstgng8i.'42
Hher ShiSou stgn g 5b.'43
K APau Istg4a....l990
Tebo 4 Neosho lit 7i. 1903
Mo & a B 1st gag Qi...l942
l»Oe
Mo Pao— td 7s
1930
Ist oong 6i
1917
T ustij 9s
Registered
1st lollgoldSi
115
J.J
j-r
M.Qn Un.
or
Ask. Low. HiffK.
149 May'OO
Bid.
-D
Iowa ex lit Kold7i...l909
Bouth West ex lit g 7t.'10
Range
Week's
Price
BONDS.
W.T. 8TOCK EXCHANGE
Webk Ending Mat 25.
M m. &8tL— 1st g7i.. 1927
•
.
THE CHRONICLE -BOND
1900.]
26,
.
'
Bid.
19M
do
Ask
88
Ust.
110
80
Metropolitan Ferry— 6s.. 108
1«
6S
N Y A N J Ferrv— Stock..
68
108
"oo"
JAJ
1st 5s 1946
Narra«an. (Prov)BlCo.60 t 93
N Y A B R Ferry— Btook. 68 ••«••!
Rhode Island Bleo ProGo. ISO
08
84
Bonds 5s of 19 83. MAN { 06
83
United Bleotrlo of N J
•7
64
4b 1939
76)4 77J< H jboken Btook
lit
illO
1st 6s. ....a*. ..••••• •••
United Bleo Lt&P Co pref SMBal to list
08
••
98M
Oon. OS
4Ha 1989— See Balto U St.
Mo Bdison
Do
Bleotrlo
preferred.
. .
—
.
Woonsooket (B
I)
Bi Co..
lAna interest. tPrioe per sh
le
A
S
J8
.
THE chronicle:—BOND
1040
Price
Friday,
BONDS.
K.T. STOCK EXCHANGE
Wbbk Emclnq Mat 25
May
Bid,
Bio Or Juno lit gn g
RioarSo lltg3-4t
Rocb
It
Pitti. See
6i. 1939
1940
79^
BR A P.
since
Jan.
Last Sale.
1.
Low. High
Ask. Low. High.
105 Noy"««
71
Sale
81
84
84
83
84
SeileBD4-5s
Small
111
113
18 123
21 106
W
KM
BegUtered
NordiT 1st g
1908
1940
Registered
1940
Minn Union 1st g 6s.. .1922
ont Cist gug6i.... 1937
Beglstered
1937
1st guar gold 5i
1937
Registered
1937
4s..
M
WUlftSFlstg
Oegistered
St P ft Nor Pao.
5s.. ..1938
1938
Sm Nor Pao
StP &S'xOU7.SM08tPMftO
8 Fe P e« ft Ph 1st g 5s.l943
SA&AP. SM8oPao.Oo.
SFftNP
1st sf g6s...l9ie
1st oon g 6s. 1934
W
8t John's DiT Ist g
Brans W Istgng
Scioto Val NB.
Say F ft
l8tg5s
ft
ft
1934
4s.. 1934
4b. 1938
J-J
J-J
J-J
M-N
89ii
89H
63J4
95
86H 93H
58% 66H
Feb '99
120
110
100
118
143
Apr '00
May'OO
May'OO
149
137»i Feb '99
116>i 11654
68
69
lllU
109
134«
J-J
J-J
J-J U7«
J-J
J-D
J-D
104
Jan.'9»
10896
Apr
i089i 10896
128
138 Apr'OO
134}iApr'00
116 Apr'97
ll8}i May'OO
138
iisji
10«X Noy'99
11296 Oet.'99
126^ Jan.'00
123
135% 126%
93
86
May'OO,
104M
r«t>.'98
85
83M 26
82H
Noy'9n
85
99H
*81
86«
"91
8591
A-O
86
"78% Bale
Deo
99
78
80
8696
11 2K Sale
109)^ 111
•108
2
87
8394
120% 130%
18
75
8096
49 101
121 110
al 110
104%
114
110
105% 105%
104% 109%
44
95
9994
26 116% 116%
110
lOO
113M 180 106 118%
106MMar'9u
108% 109%
.
nqnipslnktundg6s.l909 MDeb 58 stamped
1927 A- O 103
SoCar ftQa Istg5s..l919 M-N 104H Sale
Atl ft Tad l8t R gu 48.1949 A- O
05
and asked
this
OUTSIDE SECURITIES
Bid.
23d Bts Ferry
86
1st mort 5s 1919... JftD {106
Colon Ferry—Stock
^O
lit 5s 1930
MftN « 96
ft
Aik.
90
106
84
97
MiacellineouH.
Am
.
MftS
86
9994 103
116
116
101% 10296
18
11494117
114 130
108% 113
108!,,
90
84
82*
126%
Sale
J-
108
101
33 103
109
t Bondi due Aug.
Mtaoellaneoua. Par.
Istg 6s DetftOhBM.. 1941
Des Moln Dly 1st g 48.1939
M-N
F-A
J-J
J-J
J-J
J
A-O
Bid.
5S
76
,,,
Amer Graphophoue....lO
i
West Shore.
WYa
ft
See
.
l'>2%
fe% May'OO
114%
118
108%
84%
Apr'OO
78
110
90
84
lit
127
Aug'99
84*6
Apr'OO
103 107
897 10114 106%
1
• • •
'
41
1
10
103% 105%
110
110
100% 104M
12694 ISO
110% 116%
38
118
90
110
Pitts.
20 lis
10^96
1':
88
Sale
Sale
5*0*8
3894
111%
118
91
118% 118% 4§^
88
88% Sale
3994 Sale
6 108
91
118
110
130
6
4?«
89
83
8994
4
8994
83
08%
109% 118
Apr'OO
108% May'OO
91
118%
98% 104
94%
84% 48%
116
68% 01%
83h 80%
N Y Cent.
SeeBftO.
J-J
A-O 110%
J-J '104
F-A
J-J
118
110%
112
Jan.'9n
1101^
105
107
11096
99% 105
106
93% Mar'98
91J4 188
»0%
9Cya Sale
J-J
J-J
BkQCoftScongug58..'41 M-N
100
Bklyn Un Bl 1st g 4-581950 F-A
9894 Sale
City ft 8 By Bait Istg 5s 1922 J-D
OenConTr Co Istg 58. .1983 A-O
Den Tram Cooong 6s.l910 J-J
MetRyCo 1st gu g 6s.l911 J-J
Louis By Co Istoon g6s.l980 J-J
Market StO Ry Istg 6i.l913 J-J
119
i»t St Ry gen tr g 5s. 1997 F-A
Bwa7ft7thATlitog5i.l943 J-D *123
Registered
1943 J-D
Oolft9thAy lit gu g6i.l993 M-8 138% 126
Beglitered
1993 M-8
L«xATftPFlitgug5i.'93 M-8 1*33% 126*
Registered
M-8
MetW SBl (Chic) lstg.4B. 1 938 F-A
98
H egistered
1 988 F-A
L30-yr
Ky
t>-A
*U
ft
104%,
g 6s. 1926
<inn St Ry 1st oon g 5s. 191 J-J
«t Paul City Cab. og 5s. 1937 J-J
Guaranteed gold 5s... 1937 J-J
Third Ay 1st gold 5i. .1987 J-J 124 12594
CnBl(OhlO) lit g6i....l945 A-O 108 110
M-N
W Ohio St40-yrlitour6i.'38
40-7ear oon g Si
1936 M-N
•••• •••••
GAS ft HLBOTRIC LIGHT BON DS.
Atlanta G L Co lit g 5i.l947
D
Bos U Gas tr otfs s f g 6s. .'39 J-J
Bklyn V Gas 1st oon g 6s. '46 M-N 114%
ChGLftCCo. SeePGftCCo
Columbus Gai 1st g 5s .. 1983 J-J
11.1
. .
.
I
Dae March.
....
1
Due
86
97
Mlsoellaneona. Par.
100
aa preferred
50
(imerioan Surety
iVmer Btrawboard....lOO
FftA
Bonds 68
4m Typefo'rs- Stook.lOO
40
08
Preferred
Amer. Woolen—Com ...
Preferred
80
ProBs A8BO0'n..l00
350
Shipbuilding ..100
Preferred
100
Am Soda Foun— Com. 100
t
I
87
96
• • • •
•
80
97%
8
9
I
Pref
6s
11
109
Mar'98
98%
103% 108%
100
93
104
97
»•••« •!••••
118% 11894
188% May'OO
17
117% 180%
118% 183%
133
Apr'OO
188
1S4
1*2*3%
May'OO
132
184
*9*'?94
**9'8**
106
109
95% 98
Oot.'99
Oct.'99
118%
118% May'OO
111
May'OO
109% Deo '99
117% 188%
124
99
Deo'97
919< Oot.'98
114% May'OO
114
118
•••It* »***¥
97
6
95
100
Oct.'99
May'99
a Theie are optloa ialea.
J MISCELL'8,
Arizona Lead
Asphalt of Amer.
Barney ft SmCar
Preferred
16%
73^
118
75
88
80
4
Silss
See
P
100
100
Bid.
159i
hila.U
14
104
ft Bng Br Ist 6s.
Company—Com.. 50 187
Bergn
r.6
113
188
Preferred
Jan.'99
5
26
Mlacellaneoua. Par.
Ask.
100%
Amer. Writing Paper,...
92
97%
Due Not.
300
78
104%
88
Jan.'99
Noy'99
100
94
98%
111
31
61
16
11
99% Noy'99
48%
Amer Wringer com... 100 110
85
70
Bid.
104
110
116
100
8694
A-O
Jan.
AmSodaFoun— iBt pf.lOO
13
18
t 1196
Amer Mutoscope
Amer
102
105
105
16
96
93% May'OO
Ail Ay Bklyn Imp g 581934
BkCltylstcon 68.1916. '41
Due July.
Ask.
61
80
10 t 18
Leather...
American Screw
lie
69
58
116% 116%
103% 102
116
102
Purchase mon 6s
1997 A-O 117
Bd Bl 11 Bkn-lstoon g 4s.'89 J -J •108
1940 A-O
Istg Os
American Ginning
Amer
29 111
See Mo P.
South Ry.
Wabash Istg 6s
1930
8d gold 6s
1939
Debenture serlet A. ... 1 939
Series B.
1939
(Given at foot of 7 ooifSBouTiYB pages).— i^^i2i2F
ft
115
102% Noy'9w
75% Oot.'99
1946 Sep.)
ft ool trl946 Oct.*
Registered
Amer nide
111
68
J-J 106% Bale 106% 106
105
106
J-J
J-J i'li" 115' 110 Apr'OO
IOS94
104%
105
104%
J-I
128% 128%
F-A 139
181
Mar'9v
J-J '118
102 May'97
J-J
11496
114%
J-J 113%,
.
101
Annerlcan Chicle Co
Preferred
111
Noy'99
114%
84
183
99
107
102
J-D*
Con Gas Co. SeePGftCCo.
Detroit City Gas g 6
1938 J- J
Det Gas Co oon Ist g 5s. 1918 F-A
119% 184% «d Bl 111 Bkn. See K Co EL&P
118 134
Ed El 111. See N YG ft EL HftP
'37 A-O
8 119 136
Kings Co Bl LftPg5s
Dec '99
10394
104%
week,
113
111
103
•
Jan.'00
Preferred
Acker, Mer ft Con 6s 1903
98
Amalg. Copiier- See Boat on Lis t.
Agrlonl Chem— Se« li ton List
Amer Air Pow of N Y.l 00 30
30
Amer Bank Note Co. .50 t 47
60
Amer Bicycle—Com
10
9
Preferred.
40
SO
,
Bonds 5s
101
103
114% 119
May'OO
51% Noy'9w
118% May'OO
118
11196 111% May'OO
55
.
UIW
J-J
J-J »1C9
112MAug'97
A-O
J-J 102
IDS
102
J-J 116
115 Jan-'OO
BTVaftGalst7s....l900 J-J 108
10296 May'OO
Dlylslonal g 6s
1930 J - J 117
117 May'OO
Con 1st gSs
1956 M-N 116H
117
1169i
B Ten reor lien g 4-5i.l938 M118^ 112 May'OO
Registered
1938 M-8
GaPacRy Istg 6s.... 1922 J-J •122
1S4M May'OO
KuoT ft Ohio 1st g 6b 1925 J-J 122
124 May'OO
Rich ft Dan oon g 6s. .191£ J-J 123
122« 122^^
107
. .
WisOent50-yr l8tgen4s..'49
109>^ Apr'OO
Registered
1996
Istg 6s.... 1918
Atl ft Oh Air Line Inc. 1900
Atlanft Dau lstg5s.l95C
Col ft Greeny 1st 5-6s.l9ie
Ferry Companlea.
A 5s.
.
105
STREET RAILWAY BON D8.
111%
Bklyn Rap Tr g 5b
1945 A-O 104% 106
111M118
Ang'99
106
iiiw
llOM
109
108
110
II
AlaOenR
13th
loo
Non-ou Ino B
07% iooM W Ya Cent ft P Ist g 6i. 1911
WheeUng ft L B lit g 51.1936
86% Wheel DlT lit gold Si.1938
81
Bxten ft Imp gold 6i. 1930
'99
78H
F-A 100
116 Deo '98
M-8 106
106M Noy'97
Con gSs
1943 J-J 104^ Sale 104
104U
SoPof Argn lstg6s.'09-10 J -Jll
113% 114
BPof Oal Istg6i..l905 A-O
110 Mar'OO
Ist gold 6BserB..1905 A-O
Ist gold 68
1906 A-O
1st gold 6s
1912 A-O
Istcongnar g6s..l937 M-N
105^ Jan.'00
Stamped
1905-37 M-N
1069i May'OO
AftNWlstgng5s.l94l J-J * 98
99
99
98M
B P Coast 1st gag4i.. 1937 J-J
*116
BPaoof NMexlstg6s.'ll J-J
116^
116J<
ailaYGftN Istgng 6s 1924 M-N 1029i 105 103 May'OO
Noof Cal lBtgng68...1907 J-J
latest bid
Non-onm
W
Noy'99
1st 7s
1905
Sabine dlT 1st g 6s.. 1912
J-J
A-O
J-D
A-C
J-J
BtOhasBridge lBtg6i.l908
Warren RR. See Del L ft
Wash Cent See Nor Pao
Wash Oft W. See Southern
WestN YftPa Istg Si. 1937 J
Geng8-4i
1943 A-O
Inoome 5i..,, April, 1943 Noy.
Weit Mo Car. See South Ry.
••••• ••••!
TszftNO
:
OreRyftNay 1st f g 6il909
Ore RR ftNar oon g «. 1 946
Ore ShortLlne 1st g 6il922
Utah ft Nor lit 7i
1908
Gold 5s
1926
Bh
Ore
li— litoon g Si.l946
.
134
Jan.''99
• • • •
'
NYTftMexgnlstg4s.'12 A-O
OreftCallstgtdg5s.l927 JSAftAPasslstgQg4s.'43 J-J
Oot.'99
11294 J'ne'99
11196 Nov'99
111 Jan.'00
11494 Sale
'
Iitg8str.l916 J-1
110% 110% WllkesftBast. SeeNYBftW
106HFeb'00 "58 106% 106% Wil ft Slonx F. See St P M ft M
9996
98% 10294 Winona ft St P. SeeOftNW
889i
110J6 Apr'OO
103
109"
Utah CentraL See Rio G W
Utah ft North. See Ore 8 L.
UtioaftBlaokR. See NY Cent
Deo'99
MezftPao lstg....6s'31 M-N 99M Bale
HousftT01stWftN7s.'03 J -J
110
lstg6sint gtd
1937 J111^ Apr'OO
Oong6sintgtd
1912 A-O 1119iSale ii'9i in-M
Oengis intgtd
1921 A-O
85H 859^
8694
Morgan'sLaftTlstg6s.'20 J -J 122Ji
12OH Feb '00
No price Friday
1935
.1935
1935
5s...
Irglnia Mid. See
A-O
A-O
J-J
J-J
89
117
il8M UnlNJRRftOOo. SeePaRB
. .
*
West'ndly Istg
VerYallndftW.
J -J
A-O
J-J
Registered
1994 J-J
MemDlylstg4-4^-5sl996 J-J
Bng trust Co ctfs
TolftOC Istg 5s
129% 1349^
Apr '99
M-8
Guaranteed gold 5B..1988
South em—
Ist oon g 6s
1994
3000 J- D
Moh.
ino. 5s, Deo... 3000
M
W
TStL&KO
SesNorftW
1918
1st gold 5s
3d gold
General gold 5s
97H 100
Kan ft 1st gu g 4s. ..1990
11796 131
18 137 142H Tol Peoft
lstgold4s.l917
'00
Low. High
111
111
11094 Apr'OO
90 Feb.'99
118 May'OO
Ill
'
Ry 1st gu g 4%s.l94S J-D
ft N 7. See DLft W
PerAof StL Istg 4%s.'SP A-O
* 1st oon gold 5s. 1894-194 J F-A 114
St L MBgeTergn g6s.l930 A-O •109%
Tex ft N O. See So Pao Co.
Tex&P Ry B dly Istg 6s.l906 M-8
"8
113M116% Tor HamftBuffl8tg4s.l946
116H 116«
UlstarftDel lstog6s.l928
106M Mar'9» "2
n Pao-BR.ft gg 4s 1947
iiiJH liiii
118^
ll8ii
Registered...,,.,,
102% 105
104 May'OO
1947
130
Seabft Boa 1st 5s
1936 J-J
Oar Cent 1st con g 4s. 1949 J-J
Sher 8hT ft So. Sm M K ft T
Sod Bay ft So 1st g 6s. 1924 J-J
So Car ft Oa. 5m Southern.
Southern Paolf o Co—
83 Sale
Qold 48 Cent Pao ooL.1949 J-Dt
Re. iBtered
1949 J -Df
biH Sale
CPaol8tiefgng48.1949 FRegistered
1949 F-A
Mort guar g 3^s .... 1929 J -Dt "ssjiside
Registered
1929 J-Bt
Gal HarftSA 1st g 61.1910 F-A 111
.....
Sdg7s
1905 J-D *108
1st 7s
1936
1936
1
J-D 104H
J-D
A-O 107«
A-O
A-O
A-O
J-J
Jan.1.
Ask. Low. High.
'
81H
•iMM
Last Sale.
Syra Blng
84
98« 98«
91
25.
R€tHg»
Range or
Stat Isl
103M104
79
LXX.
Week's
A 68.1906 M-8
191] M-S
i9ie M-S
i9ie iM-S
1921 M-S
1921 M-8
1926 M-S
1926 M-8
193) M-8
M-N
M-N
WOAWlstoygn4s.l924 F-A
118J4
WestN
C
1st
oon g 68.1914 J-J
113M
8 AN Ala. SMLftN.
12496 Spok FallsftNor Istg 6a. 1986 J-J
11SW Snnb ft Lew— Sm Penn RR.
J-D
li So. See Illinois Cent
S9}i Sale
1st g 4s bdofs. 1989 M-N
li 8
Sd g is Ino bond otTs. .1989 J-J5
61H 62
dray's Pt Ter Istgu g 58'47 J-D
St f>anl& Dolnth 1st 6s.l931 F-A 121
2d 6s
1917 A-O HI
1st cog 4s
1968 J-D 101 102
8t Paul M ft Man 3d 6s. 1909 A-O 117« U8H
Ist oonsol gold 6i
1933 J-J 141>1i
May
[Vol.
25
Gtd stamped
.
Registered
1933
Bedaoedtogold4>i(s 1933
Registered
1933
Dakota ezt gold 6s.. ..1910
Mont Kzt 1st gold 4i. .1937
Beglstered
1937
lstdlTlitg6s.,.1908
6b
Series B 68
„ Small".
Series F 6s
Gen 6s
M-N 111
110 Noy'99
mj^ May'OO
190e M-N 111
111
113 Feb "00
2d gold 6s Class
1906 M-N
F-A
Pieroe
1st g 6s
0*0. .1919
Oeaeral gold 6s
1931 J-J 124^ Sale \24\i
1349i
General gold 5s
1931 J-J lllH 118H 113
112^
104 Apr '00
1987 A-O 102)<....
1st trust gold 5s
84
8tL&SFRRg4s....l996 J-J 82
81% May'OO
....
S3iithw DlT 1st g 5s. 1947 l-O 100
98^ May'OO
CentDH iBtg 4b. 1939 A-O
91
Apr '00
Ft8&yBBdglstg6s.l910 A-O
105 O0t.'97
St
St
B
4.
Price
Friday,
Rid.
Southern— (Con)
Virginia Mid ser
84M
190fl
1st g Is. ..1987
5^'
Wkek Ekdino Mat
M
Kansas Mid
BONDS.
Page
N.Y, STOCK EXCHANGE
SeriesC 6s
Small
t •o&ailstg 3-4t...l947
8t Ii ft Cat. Set Mob & Ohio.
St L & Iron Mount. See
P.
Bt L S O ft N. See Wabash.
T
RR
A
of StL
St Li M Br. See
St Lonli Si San Francisco
.
(5 pages)
Range
Week's
Range or
25.
I
PBICES
Series
Borne Wat. A Og See NY Cent
Salt Lake C lit gsf6i. .1913
ad goidesClass A
2d gold 6s OlassB
9
.
.
50
Prvferred
{
And
Interest,
f
St.
16
107
96
140
186
^ond A Mort Guar... 100 80O
10
Copper
100
95
16
Tent FIrew'rks—Com.100
British Columbia
Oellulold Co
Preferred
Ask
lt%
100
68
Price p er she
895
10»
100
17
60
re.
-
5.
.
May
.
.
.
..
THE CHRONICLE —BOND
28, 1900.]
BONDS.
N. Y. "(TOCK EXCHANGE
Week Bndiho Mat 25.
Price
Week's
Friday,
Range or
May
since
Jan.
Ask. Low. High. So
Bid.
apGLCo
lBtg5B..1915
Mut
""Bel
Gag Co
Stt
108
108}^ 108
PeopGas
GBLH&P..g58.194S J -n 109H Sale
194F J-D
BefriBtered
94 Bale
PflTchaBe mong 4g....l948 F-A
Ed El 111 lBtoonvg5i..l910 m-a 109 111
1005 j-j
143
Ist aongSB
Peo >aB&ClBtgiig6s..l904 M-N
1904 J-D lO"? 109
2d <td g68
1943 A-0 121 128
1st 'onsolgeB
1947 M-S
Kef mdlnggSs
N
108M
ioe«
108«
t
1947
Keglstered
168
9iH
94
91
108^ Mav'OO
108
12*
180
-
105
Wes
C"A.L & IRON BONDS.
94Ji
110
120
Apr'OO
132^ May'OO
106 Deo '98
10414 106
133
127
108H May'OO
107^4109
106
M-S
Tre (ton O & Kl Ist g 58.1949 lW-8
u Gai Co oo. tr a 5ii...'33 M-N
120
109M ApT'99
Ch q-L A Cke Ist go g 5b'37 .1- J 108M110
Con 10oofOhlBtgu«5B'36 I-D 107H 109
Eq & FCh lBtgtiK6s.'05 J-J 105
MaF'ueIOa8l»tgUK5.1947 M-N
May'OO
May'OO
Ang'99
Dec '99
108
108
107
103
101
Mar '98
103
68
May'OO
Feb '00
lOOM 108M
103
91
Jan.'00
108
90
107
80
May'97
May'97
108
103
109
103
Col
Col
101
.
1909
coapons off.
Col i'uel Co gen gold 68.1919 OI-N
58.1943
F-A
Col C4IC0 gen 8fg
De 'ardel C & I. See T C & I.
lOS
• • • • t
8s..l912
J-D
J-D
M-N
3-D
TdnnCoalTDiv l8tg6Bl917
A-Oll
Jeff&01earO&Il8tg5sl926
1926
Sd«5f
RocQA Pit C&Ipurm 581946
Sun Ok Coal l8t g
f
X
deb g8»... 1900
AmOotOU
m ipirltBMfgl»tg68t915
1919
Am Thread : 8t col t8t 48..1942
Bar fc8CarColBtg6B
68..19a«
let
g
Gra-nercy 9ug
1910
111 jteel Co deb 58
^on-conv deben 58.. .1913
Int lPaperColitcong68.'18
Kn
• •
104M 107
Blnn DiT lBtoon68.1917 J -J 107
Cah C M Co l8t gu g 68..'22 J-D
noBar C & ICogug 68.'10 F-A 103
Wh L B & P C Co 1 gt B Sb.'I 9 J -J
MAS'F'G A INDUSTRIAL.
104
Qn-F 10 3}^ 9ale
M-8
66
J
70
-J
A-O
J -J
A-0
F-A 105H
A-0 85
'.'.'.'.'.'.
"96"
Sale
,
U8MISOBI1L.ANBOU8 BON D8.
48.1948 M-S
Adams Ki—Col trg
SeeCenNJ
B"
J-D
J-J
M-S
103
Sale
F-A
76
J-J •110
J-J
Q-J loi'
0-J
77
D
103
U
0SM n
U
D
U
n
68
110
'00
105
109
104
109
83
105
Feb
104
33
Jan.'00
104U ITS
104
S-4
lOSM
100^104
May'OO
105** Jan.*''00
8954 Feb '00
63
85
106*'
165"
89«
8994
Jan.'99
71
71
13
11«
118
8
68
61
11
113
103
76
107M
87^ 95
104M 103
113
38 103
108X
May'OO
Apr'OO
71
111
84
34
lien
106
75
111
••••«<
10I«
104
OUTSIDE SECURITIES
Wtecgllaneom.
Par,
Ohateaogay OreA Ir 68 1
'
OhM A O Grain El—Inc.
ntnii'ebrougb' Mf g
Chicago
Bid.
Ass
30
13
17
70
80
Co .'I'o'o 340
160
92
b6
30
67
100
94
& Alton RR
3s..
Chic&Al Ky3>^B
w. i.)
Com stock (wh issued)
Pref (when issued)...
(HB)-l8tpr8i.l00
100
Sd preferred
OlaJlln
9i
34
73
60
B
7
Prof
Corbln Cabinet Lock. 100
Corbin tP. AF.) Co.. ..26
Oramps' tih A En Bldg. 100
Diamond Match Co ... 1 00
DlstlU. Co. of America...
Pref
30
335
t 86
70
124
86
Empire
56
10
60
96'
6M
Preferred
e A Western Trans. 60
F Jellty A Dep (Bait).. 50
General Carriage
100
Gweral Chemical
100
Preferred
Ge man Am Real Est. 100
G jrham Mfg Co-Corn. 100
Preferred
100
H ivana Commercial
Preferred
E
'^294
85
72
22
40
30
76
10
15
80
60
40
68
96
200*'
65
100
Veh Tran8.10
t
\H
115
'"194
L8
Sloss-Sheffleld,
Preferred
Internat SUver- Se« Stk.
62
36
.
Ezch
list
40
96
60
99
100
Lanston Monotype.... 20
Lawyers' Surety
100
Lawyers' Title Ins. . .100
LorUlard (P)— Pref... 100
MidlBon Sq. Garden— 100
.
130*'
8
• • •
.
30
11«
100
160
100
6
8d6i '919
MAN 40
Markeen Copper..,,
6
Mex Nat Cons truct'n, pfd 16
MIoh-P Car 1st 6b'48MA8I 114
18
107
•
•
••
108
7
com. .,...,
21
32
4354
2654
81J4
167
30c.
•
.
8
30
118
S
S
8
• • «
•••• ••••#•
135
100
625
557
190
80M
63M
••
•
•••!•
••••• ••••••
I
113
90
NoT'99
Oot.'9P
•••••• ••••••
'••••• ••••t
101
Feb '97
*••
'
••#•#
68. ..1911
78.... '04
•
••»••
eato
•»#!
••ta ••••«#
•••••• #•••«
* «
••••• •••••I
11 *H 118
M-N niQVi
J-J
May'OO
109
11154 114M
109 113
109
seventh va 9« V receiUng.i
104
30 1035^ 105
104
lOO^^ lOOW
10054 Apr'OO
10954
I0<i!4
10894 lis
31 109
109>4
110
IIXM
see
no
"a
108H
8 1085< 11114
114 1173
114
11854
13294 137S
"si 188
137K
46 113941163
109',<
11654 106
1165i
118^4
116M 36
1345, May'OO
USK
S
8 4Bregl8tered
1925 Q- F 134^ 185
S 48 coupon
1925 Q-F 134)< 185
188
laS
8 SsreglBtered
1904 Q-F
114
118^ 114H
8 5b coupon
1904 Q- F 1 1 894 Sale 11394
114
+ Prices are made in the" Onli sted Departm ent " Jor bond
USH
8
1
1
35i
1 1
e8
htn issued^
FOR'GN GOV. SECURITIES.
4s. ..1920
Small
Missouri- Funding. .. 1 894-95
Nortn Car— Consol4g...l910
Small
1919
So Carolina— 4W[s 20-40.1933
68
Tenn—New settlem't 3i. 1913
Small
Virginia fund debt 3-3i.l991
Registered
6i deferred oertfs
Duo April.
|
96
11094 May'OO
,
97)4
108M 116M
Aug'98
••teas ••••#(
Sep. '98
lOS
lOS
Jan.'00
,
121
131
Apr'OO
10794 Apr'OO
109^ Feb.'9»
131
181
10694 107N
10694
10694 10694
1069i
95
'
138
Feb. 'OH
130
96
93
Apr'OO
Mar'OO
98
9i\i
'
8
UNLISTED BONDS.
97
105
108
lOS
,
J-J 108«
J-J
J-J 10«
J-J
A-0 130
J-J 112«
J-J 86H
J-J 98
J-J 98
J-J
Atch Col A Pac 6s tr otfs....
Atch J Co A West 68 tr otfs.
Kan City So 3s (wh issued)..
I
97
J -J 104
Columbia— 3-658.1924 F-A
Louisiana— New con 4s..l914
8
9394
Id
8
"10
lao
96
98
180
94
91
86
9894
894
10
6694
70
66^ NoT'99
645^ NOT'99
67
67
Sale
67
16
Bonds due January. T Due August. aThese are opUon salw.
Mleoellaneoue. Par.
Unlcn Copper
,,.
Union Steel A Chain
Union Steel A Chain pref
Union Switch A Signal. 50
Preferred
50
100
100
2d preferred
U. S. Cast Iron Pipe
Preferred
Bank*.
BroHvrs'
Bid.
Ask.
3
•
•• #•
t
t
66
81
103
118
5%
<&
MI80ELU8.
Mlecellaneon<u Par.
Envelope— Com.. 10"
Bid.
ASk.
_
US
«
694
40
8
88
3d
U
6754
U.S. Pneu.Hor. Coll.— See
Pref
100
Coal Iron
Ss 1^49
111
65
89
83
33
8 Glass— Common.. 100
Preferred
100
Va
85
101
A Coke. 1 00
MAS
PhUa.
UsU
12
10
43
46
Westingh Air Brake. .50 tl86
188
Wheel & L E con 4s (w. i.). 8954 9054
Worthing. Pump, pfd.100 103
lis
13354
.
6M
48
L85
150
(40
otati ons.
N. Y. CITY.
America*.... i460
Ezch.... tl90
Astor ........ 500
Bowery*
285
Broadway.... 240
Butch'sADr.. 68
Central
176
Chase
510
Chatham .... 300
Chemical
3950
Citizens'
145
City
36354
Colonial*
376
Columbia*... 190
Commerce... *J84
Continental 135
Corn Eich*.. 350
Domes. Ezch 100
Bast River.. 140
11th Ward*.
Fifth Ave*.. 2400
Fifth
225
Am
Brokers'
Bid.
Qu
otatio ns.
N Y Nat Bz..
New York....
300
350
t
140
115
100
160
661
Germanla*... 385
Greenwich*.. 166
Hamilton*... 146
Hanover
790
Hide A L'ath 130
Imp A Trad. 530
180
Irving
Leather Mfr. 330
310
Liberty
775
Lincoln
Manhattan* 365
Market A Pul 230
Meohanios'.. 190
Mech A Tra* 100
Mercantile
.
190
Merch Ezch. 130
Merchants'.. tl70
Metropolis*.. 500
Mt MorriB*.. 190
*
.«et«
Int.
t
otati
'ft*.
140
136
IOj
180
195
Atlantic Tr.. 300
Bankers' Tr.
200
150
Bowl'gGreen
370
Trust Cos.
90
N. Y. CITY.
CtLRltyBAT
....
230
Central Tr'st.
City Trust...
Colonial
Continental
.
Farm Ln ATr
Fifth Ave Tr
Guaranty Tr
Knick'rb'ck'r
•
•
••••
•••#
300
3101
t
383
845
t336
376
••»
1375 143S
440
••#•
635
676
400
.••f •
350
,,••1
800
• •
• *
Manhattan
130
Mercantile
Merchants'..
Metropolitan 406" 460
.
.
:aio
375
»2594
i
385
BB'KLYN.
MortonTruBt
t
N Y L I A Tr I40U 1460
N Y Sec A Tr 760
North Amer.
336
Produce Ex.. ti's'i' 1319<
tteaJ Bsi Trt 300
StandardTr't 210
Tr.Co.of Am. 204
310
Bedford*.... 210
330
Tr.Co.ofN.Y. ns-o
220
Broadway*
Union Trust. 1390
Brooklyn*
110
••«
..
U 8 Mtg A Tr. 460
8th Ward*...
s>«s
85
Unit States.. 1800
53854 5th Ave*.... 100
Washington 296
llO
190
First
•*•••• iOO
Hamilton*.
BR'KLYN.
11054
Kings Co*.... 100
835
Manufaot'rs. 370
Brooklyn Tr. 480
• •••
380
Mechanics'.. 203
Flatbush .... 160
^06
240
Franklin. .... 305
Mech A Tra*. 270
Hamilton. .
Merchants'. 100
^66
io*
Nassau ...... ^65
Kings Co.... 340
200
Nat City
290
310
L iBi L A Tr. 40
Manufaot'rs. 310
North aide*.. 170
af6
People's* .,.. 195
Nassau
180
Scherm'rh'n* 150
165
People's
330
17th Ward*. no
WUltamsb'gli 186
.
•
-
108
•••
Banks marked with an
aooratd
State of
*
• •
Qu
1 9th
NY*
125
240
Brolieirs'
Bid.
117
255
Ward*.. 100
Ninth
85
186
North Amer. 200
Oriental* .... 180
SIO
170
Paelflo*
4050 Park
425
155
Peoples'* .... 230
t
«103
Pheniz
*75
Plaza*
rt-od Bzoh*. 135
38494 Republic ....
145
Riverside*... 210
363
Seaboard.... 295
105
600
Second
150
180
Seventh
•«
Shoe A Le'th 103
300
State*
•
BanJca.
Sprague ....
26th Ward*,
Union*
Wallabout*.
160
New Am8t.*.. 650
NewYork Co. 1500
193
* •
Ask.
140
Mutual*
Nassau*
3400
12th Ward*..
••*
14th Street*. 146
165
33d Ward*...
(70
Fourth
174
Union Sq*....
Gallatin
ttoo
West Side*..
Gansevoort*. 60
Western
Garfield.
1700
YorkvlUo*..
First
German Am*
German Bx*.
191
2354
8554
Bank*.
Ask.
Bid.
Qa
,
Preferred
Southern Cotton Oil. . .60 t 52
85
40
StandardCoupler.oom.
11?
Preferred
Stat Isl R T Ist 6s'13AAO 107
JAJ 96
3d 58 1926
60
68
StlUw-Bierce A 8m-V.100
16
18
Power
Storage
100
985* 100
swift A Co
105
107
,..
1st 6b
Snsq Coal 6b 1911.... JAJ 115
15
Tennessee Copper
11^
78
74
Texas A Pacific Coal. 100
AAO «107H • •
1st 6b 190S
410
Title Guar A Trust .100 895
4
7
Trenton Pott—Com.. 100
45
100
66
Preferred
60
Trow Directory-New. 100 SO
, ,
4
Preferred
r
........
6454
90
45
95
116
RoyBakPowpf
.,..100
Preferred
,100
Sd preferred
100
Singer Mfg Co
100
N
Oil
of
J..
Standard
Stand Und'rg'dCable.100
list.
Joumeay A Burnham.lOO
43
ae
81
155
13
Rubber Goods Mfg
30
Bzoh
86
i
t
89
90
23
76
73
••••••
do
pref.
do bonds.
Iron Steamboat
100
6s 1901
JAJ
John B Stetson—Com.lOO
Preferred
100
t 2054
r......
89"
89
37
74
Preferred
25 t 65
Russell A Erwin
118
100
Lt.
Car
Heat
Safety
A
Simmons H'rdw-Com.lOO 100
International Elevat.lOO
Internet. Paper— Se« St'k
International Power
Intemat'l Pump— Com .
Do
Do
r
87
27
400
••••
•
44
10
:
87H
Preferred
Peck, Stow A Wilcox.. 25
50
Pennsylvania Coal
60
Pitts Bess
50
Pittsburg Brewing
50
Preferred
100
Pittsburg Coal
100
Preferred
100
Pitts Plate Glass
.100
Compress
Planters'
.
6
13
100
106
6s
IlllnoU Ele
.100
National Saw— Pref.. 100
• • t •
40
National Salt
71
Preferred
,
100 150
160
National Surety
National Tube See NY Stk gxch. list.
60
National Wall Paper. 100
65
6
N. E. Elec. Veh.Tran8..10 t 4
70
100
85
N YLoanAImp
Biscuit 68 1911. MAS 11354
New Jer Zinc A Iron.. 100 180
N. Y. El. Veh. Transp.lOO
854
50 t 67h
N icholson File Co
Pratt A Whltn— Pref 100
Procter A Gamble.. ,.100 420
100 308
Preferred
1st 68— See Stook Exoh. list
'g-Hall-Mar(as8t p'd)
Preferred (asst p'd) 100
Hoboken Land A Imp't..
He
34
80
60
110
120
96
fd
Ist preferred
Pneumatic GunCar'ge.lO
90
8
Union Typewr— Com.lOO
137«
80
19^2
78
28
78
41
49
88
69
.
MAS
Ist 6s
40H
15V4
. .
ALE
)8M
etk
H jok-Jones-J MiU-Pf.lOO
lis
1194
41V4
100
Otis Elevator— Com,,
13X
63^
.
Gramophone.
Ask
NY
76
125
6
Steel
41
39
Preferred
Nat'l
Common— See St.E^x. list
Preferred
60
Preferred
Oonsolld Car Heating.lOO
Oonsol Firew'ks-Com.lOO
100
Preferred
Oonsol Rubber Tire
38
20
LOW
t 11
Monongahela Water... 25
100
Mosler Safe Co
100
National Ca bon
100
Pieferred
Nat Enamel'g A Stamping
100
Ele}trlo Boat
>*Teferred
Ele .trio Vehicle
Bid
N0T'*9*9
••!••• •••••
(Given at poot op 7 consecutive FJL&m).—BAIfKS
Mtscellaneons. ParMinneapolis Brew 1st 7s.
Monongahela River Coal.
40
•••• •««ctt
•>•«• tta«»«
U d of Mexico 8 f g 6« of 1899 Q-J
STATE SBCUBITIBS.
Alabama—ClSBB A 4 to 5.1906 J -J 110«
Small
Class B 58
1906 J-J '110
Class C 4s
1906 J-J '102
10:«
101}^ lOSH
Feb.'98
•Mo price Friday; these are latest bid and asked this week, t Due July * Due May.
2397
Regttered...
19
*••••• •••%§•
Q-M
S
S
Dist of
106
lis"
••••• •••«••
1.
Low Hi9h
73
96HJan.'97
••••• ••••••
8. GOV. 8BCDRTTIB8.
(For dailv recn-<i
28 30-year refondlngt....
103^^ 104U
2b registered .... Optional
99%
38 registered
1918 Q- F 109>4
38 coupon
1918 Q- p 109h Sale
38 reg small bonds. 19 18 Q- F
3b oou small bonds. 1918 Q- F 100
110
4b registered
1907 V-Jt 11S94 Sale
48 coupon
1907 Q-Jt
116
US
U
Ho
Ask. Low. Hiof>38
3934
109 0ct.'9«
1938 J -J
Currency funding
Apr '97
106^ 105^
8 7H
87W
104M May'OO
J'ly'99
113H
111
• •
58
D
Jan.
3994 Sale
West Unlon-
US
25 107
99
70
Nat 3tarohMfgCol8tg6Bl920 ffl-N 103
Pr .oter&GainblBtg6B..'40 J-J
Stan Rope A T Ist g 6b.1946 F-A 71 Sale
1946
IIH Sale
Inoome g 5b
BnTeICo l8t s f g68l918 J-Jt
68.'
•113
13
M-N
8 LeathCo 8 1 deb g
In ti'erryCo 1 st con g 5s' 4 8
k'n W AWHlst5strctf8.
Chic JoA StYd col g 58.1915
Non-cum Ino 58 ....1907
Com Cable Co lit g 4i.. .3397
Cuppleg Station A
PropCo Igtg 4^8 5-20 yr'17
8 Yuba Wat Co con g 68. .'33
8p Val Wat WorkB Ut 6b. '06
Vermont Mar Ist t 58.1910
sine*
Last Sale.
L Ter
St
NorthweBtem Tel
104)^ May'OO
109
IU9
73
'
mDk»Imp58.
M-N
F-A
Mut DnTel
May'OO
102^
lOUH
J -J
ok Ice (Chlo) Iftg 58.1928
;^rANJTel«en g5Boy'30
^ r AOntLaadlBtg6g.l910
NoWeBtnTeieg. See West.Un.
Rang*
Week's
Range or
25.
Bid
ufJnTelOo. SeeWnUn,
Nairpt Newg SAD D 58.1990 J-JJ
D.
F-A
^ «
;AII>evCogng58..1909 J-J
l»t con g Ss. .1902
May
Webk Endino Mat 25.
Col trust cur 5s
""oal Mln. See T C I & Rrah
learf 31tCoal. SeeNYCAH
I
EXCHANGE
A-O
J-J
103^ 110M G- AlvCoalAClBt g68.1919 A-0
118
izoyi Ha Ik WatReorlBtg5B.1928 J-J
Ho ,d B Oo l8t 8 t g 6b.. .1931 M-8
Ho oken L A I g Sb
1910 M-N
107^ 110
Iron Sl.«amboatCo 6a...l901 J-J
Mad 8q Gard Istg 58...1919 M-N
103>< 110
Han OchHALgeng4g.l940 M-N
Met T AT iBtBfg 5g.l918 M-N
87
1041
6.
Price
Friday,
BONDS.
N. Y. STOCK
..
Page
(5 pages)
Dot VIAM Id gr 3^t(8 8 A.1911
Erie rATooltrg8f5g...l92e
F-A
vioGasOo Ist K 5S.1922 A-0
Lac *8»-LOoof8tI.lit8 5B'19 Q-F*
KC
1.
Low High
EqGa9LNTt«tcong58..'32 M-e
Eq '* * Fnel. S«« P G * C Co.
Gas&BlooBergCoc ngSs'lO J-D 106^ 10?>< 109hi Mar'OO
120
1«0 May'OO
Geu ^leo Coaebg5s...l922 J-U
Gr
PRICES
Range
Last Sale.
25.
..
.
.
.
1430
490
L630
.
•
•
••I
•
#•••
.
'
336
•
••t
338
300
asterisk (*) are State banks.
{ Purchaser also part
t Sale at Stook Hxoh. or at auoUon this week
Prioe per share,
.
THE CHKONICLE
1042
Boston, Philadelphia and Baltimore Stock Exchanges
«3P^ Share Prices— Not Per Centam Prices.
Saturday,
Hay
MontUti
May
19.
Fuesday,
May
2 ?;
22.
Wednesday Thursday,
May 24
May 23
BX 5M
5M 5M
5K B)ii
948^ 242), 343 34.^
343 843
848 848
843
••*•• ••••#* 140
140
140
140H 140SJ •140 141
•813
193
844
193
188H
184
196
mn
•243
....
103
193
Xl87 187
134)< 135
13»H
135
81
88M S9M
131
87J< a7?s
•ISO
82
82
•39
131
181
13
•31
89% 40
131
26%
27?«
*23
24
77
78
77H
•313 341
•843
•193 195
193
136 136<.4 12694
134)^131)4 134)4
134
134 •124
....
36«
24
94
11
13
•19M
•33
•76
•74H
69
207
65H
96
8^
8 11-16
a
14 1-16
•
....
61«
65)4
96)i
96X
•8X
87^
14^
16X
16)i5
•16M
9194
919i
91«
88
23
71
87^ 88H
71
23
"76t<
71
'^«
3
89i
310
H
4)«
296
64
68
755
len
765
18
18)4
63
68
•53
41
»10I
42J6
lUS
43
108
898
68
750
87
84«
•108
130
17
54)i
103
130
8V6
29<
310
IIH
3M
755
18)4
54
4SH
43
103
102
17)4
3?«
3)i
113 113)v
16
16)4
*3)(5
34%
54M
8%
RAILROADS.— Price*
Atl * Charlotte (Bait) 100
Bos A Maine pf.(Bost) IOC
100
Boston & Prov. "
}}^^
755
18)4
54
43
103
35
51)4
394
1594
48>4
'.'.'.'.'.
8)4
c
•23
34
77
77
87%
Range of Sales in 1900.
Shares
(PhUa.) 5 paid
(Boston).... 100
"
....100
"
....100
Boston* Maine
"
....100
Chic. Burl. 4 Qulnoy
"
....100
Chlo. Juno. & Un. Stock Yds.
"
....100
Preferred
'<
....100
Choctaw Oklahoma AOulf.. (PhUa.1.... 50
Preferred
"
.... 50
.....,,
Fltchburg, pref
(Boston).... 100
Lehigh Valley
(Phlla.) .... 50
Massachusetts Blectrlc Cos. (Boston). ...100
Preferred
"
....100
Mexican Central
"
....100
,
Northern Central
(Bait.) .,,, 50
Northern Pacific
(Phlla.) ....100
"
Preferred
....100
,
Old Colony
(Boston).... 100
Pennsylvania
(Phlla.).... 50
Philadelphia Traction
"
.... 50
full paid..
Reading Company
8)4
3S 1-16
"
"
"
Ist preferred
73
39<
312
294
11494 11794
113 113
4H
293
•64
•760
4%
S93
65
755
....
....
....
Mar.
Mar.
145 t95
241
359 187
6,843 119)4
39-1 131
36 132
1,804 89
778 89
173 110
10,898 33%
100 16
177 75
800 1094
88
Jan.
Jan.
Apr.
Jan.
8,801
5
8,469
375
1,338
7,017
50
50
50
360
1,830
782
1,325
1,610
81
4M
May
188
160
MI8CBLLANB0US.
HI
^^
4
US
101)4 10194
133
15^ 1594 16
17
3%
4)4
113)4
4H
11394 1139H
44
"63)4
ST*
894
15^
15!^
43
43)4
<
392
398
•63
65
753
755
Calumet A Hecla
1794 17% Cambria Steel, $4)4
55
56
Consolidated Gas
43)4 43)4 Dominion Coal
101
103 Erie Telephone
275
95
78
23
85
162
• • • • •
85
68
• « • •
10%
30)4
•61
63)4
a 98 3-lr
63)4
9
17
48
130
17
5
"
"
83
19
14
173
44)4
73)4
17
18)4
191
18
5H
34
20
176
76
1T)4
14
81)4
NewHavIA
S.iPhil)
disonBl ni... " 100 805
neo Coof Ami. (PhU) 60 10)4
13
ISS
187
88)4
1)4
•
sea*
4)4
17
188
8
17
8)4
17)»
13
Tidewater St... "
10
Torrlngton"A"(Bost) 2t
**
Pref...
25
OnCopL&M'g "
25
OnBlL&Powpf (Bait)
On Shoe Mach.. (Bost)
**
Pref...t
8 Mining
"
.'.*.'.'
D8PHor8eCol.(Phli) 1
Otah Mining.. (Bost)4'8S
Warwick 1 AS. (PhU) 10
WelsbachComl " IOC
S8
39
8
36
8994
83)4
7
23
27
27)4
7)4
8)4
21
s s
es
<
72
"
100
Westm rel Coal "
50
Winona Mining(Bost) 85
Wolverine Mlu. "
35
It
3
88
39
.
84
|ll3
i
i
1
88
47
101%
100)4
84)4
116
88
60
iVii^
jl07
jl00)4
.
s
seei
W
W
M Us g.'06 MAS tnsH
AAO
MexCent
JAJ
Istoon ino3a gnon-onm
48 g.. 1911
8d oon Ino 3b non-cnm..
West Bnd
St 5s. .'03
4)4s
Deb
48
MAN
1914 MAS
1916 MAN
Bonds— Baltimore.
Anacostla A Pot
5b
Atl A Ch Ist 78.1907 JAJ
AtlG-Lightl8t5sl917JAD
Atl Coast L ctfs Ss JAD
5,886
89i May
134 351 Jan.
256 43 Jan.
40 7:i5
Mar.
3,976 17)4 May
210 50 Mar.
May
8,008 38
86 9994 Jan.
6,230 33)4 May
2,80H 43 Jan.
S,4fl0
6)4 Mar.
177 100 Feb.
30 130 Mar.
492 14 Mar.
17,06u
8 May
660
630
1,336
lOv
*136)4
S136)t
i
i
91
{113
il09
i
100
100
90
114
109J4
{
98
66
{108
|118
•8
180
105
•
1118)4
» 77)4
86
IS
. • •
78)4
87
14
9*
119
105)4
SS
104)4 105)4
96
107
117
105
98
109
118
106
116
116
118
106
108
138
NewOrlGas Ist 5»...Var
NewpNAOPlst5s'38MAN 108
lBt4s'4'<).MAS
Income 4s 1 949. . .JAD
Ylrg Mid 1st 08.1906 MAS
3d series es..l911 MAS
3d series es.. 1916 MAS
4th eer 3-4-S8.1931MA8
6th series is. 1986 MAS
Ya (State) 3s new.'S8JAJ
.
tr ctfs
MAN
Atl City 1st 58g..'19
114)4 115
120
• s •
•
••
116)4
BaUsTerl8t58.1926JAD
BergAEBrewlst68'31JAJ
Clt's'StRy(Ind)con Ss.'S'
58
104)4 105
10594
Colum St Ry Ist oon Ss.'Si^
Con Trac of N J Ist 5»..'3& 109)4
&B Bk l9t7s.'05 FAA
Ist M 5s.'20 MAN
BastAA
116
118
Bdlson Blec Ss stk tr ctfs
BlecA Peop's Tr stk tr ctf ?
•
BlmAWilm
180
Income
s
Ist 6s.'10 JA."
Ss...
09
t*
• s
.2863 AAC/
110
lis
108
110
181
181
114
95
118
117
113
106%
70
10S)4
111
80
96
78)4
110
118
117
100
118
98
Fond debt8-8s.l991JAJ 00
Indianapolis
By
K C Sub B
JAD
Lehigh Nav4)4s..'14 Q^
1914 Q-F
RR4sg
Gen M4%8g.. 1924 y-1'
Leh V C'l 1st 58 g.'33 JAO
Leh Val eit 48.. 1948 JAD
2d 7s.
1910 UA?
Consoi 68
1933 JAD
Annuity 6s
JAD
New'k Con Gas Ss 48 J AD
Newark Pass oon 58.1930
NYPhllANorl8t48 '39JAJ
Income 48... 1939 MAIS
No Penn
ist 48.. '36
GeuM7s
6b r...l910
Consoi 6s c... 1905
Consoi Ss r....l919
Penn A Md Steel con
•••«•'
s s sss
114)4
100
78..'06
108
to
96)4
73
113%
108)4 ic89t
103%
101
100
117
103
eestfl
•
flt«t
JAD
People's Tr tr certs 48.'4b
Phlla Eleo gold trust otfe
Trust certfs 48
6g.'20
118
180
Yar
68.
1939
1939
AAO
.90
107
•
••
110
08
108*
98
64)4
•t$l
sttf •
•
181
Gen M 48 g.. 1980 AAO 108
Ph A Read 2d 5s.'33 AAv 188
Consoi
M 7b.. 1911 JAL
Con M 68g...l9n JAL
BxtlmpM48g.'47 AAC
Con Mof 8a4a.'37 J*.
Terminal Ss g.l941
185
Vai
Yar
AAO
AAO
Penn Steel IstSs.'l? MAN
Cons 5a
Cons 48
113
MAN
1903JAJ
Penn gen
Pa A N Y Can
108%
1938
4s..
Ist 68..'20
PhAEr gen M
no
180
107
Hestonv M A F oon 58.'34
HA B Top con 5s.'85 A tO
'
6994
Maryland Brewing 68 ...
181
Met8t( Wash) Ist 58'25FA 130
UnRyA Bl
Bondn— Phlladelpbla
AUeVy Beit 781910 AAO
Bq lU Gas-L l8tg58.193P 110
•
101
Seaboard loan oertfs
Seab A Roan 5s. 1926 JAJ
OuBl L.APlat4)4t'39MAN
We8tVaCAPl8t6g.'llJA.l
Del
t S
113
118
PotomVal lst5B.1941JAJ
8acAvTn( Pitta) 5s'34J AD
Sav Fla A West Ss '34AAO
54% May
Bid. Aak.
Cambria Iron 6B.1917JAJ
Ches&DCanlstSs.'ieJAJ
Choc OkAG gen 5s'19JAJ
116
AAO
68 1900
JAJ
6s gold 1900.
JAJ
6s 1904
Series A 5s 1926.. ..JAJ
Series B 6s 1926.. ..JAJ
Pitt On Trac 58.1997 JAJ
BONDS
111
KnoivTrac IstSs '28AAO 100
Lake R Bl 1 8t«ru5B'42MA8 117
NorthCent4)48.1935AAO
23
e
18
13 Jan. 88
87
6 103)4 Mar.
8
Jan.
3 140
14 24% Apr. 4
S
16
6)i Jan.
no7 May 1« 160)4 Jan. 11
9
16)4 May 25 36 Jan.
40 Jan. o 60 Mar. 37
40 Jan. 1 ' 48)4 Apr. 29
Mar. 88
5 H8
61 Jan.
t $50 paid in. fEx rights.
^
128
69
GaCarANl8t5sg.l939JAJ
102)1
(JeorgiaPlsto-fls 1933JAJ
111
110%
lst58.ly45JAJ
GaSoAFla
Norfolk St Ist Ss '44. JAJ
4
31
81
8
Asohalt Co 58
Bit A Imp 5S.J932MA8
Oa AAialstpf58l945AAO
3
S
16
*pr.
5-
••••'
no7
9S
117
Feb. 6
Jan.
4
Jan. 10
Feb. S
Apr.
Feb.
7 770
13
8)4 Feb.
5 60% Feb.
Mar.
16 51
2 132
Feb.
85 5794 Feb.
118
117
sees
Brt A Imp 6s.l901MA8 102 102)4
NoBaltDlv 58.1942JAD 119 131
Conv'rtible58l906MAN 100)4 100)4
Central Ry 68... 1912 JAJ
Consol58....1932MAN 118
1939JAD
U
B Boro Gas IstSs.'SSMA--
1st 6s tunnel 1911..JAJ
Bal Trao Ist 5s.l929MAN
5s
7 349
9 137)4
8 118
1 494
18 380
2 85)4
Wn A Weld 5s.. 19 35 J A.!
.
Chas City Ry Ist Ss '23JAJ
Chas Ry G A Bl 5s 99 MAS
CharlCA A ertSs. 1 » 1 J AJ
CityASub l8t5s.l922JAD
CityASub(Wash) l8t5«'48
Col&Gmvl8t5-6.1917J4J
Consoi Gas 6s. .1910 JAD
8
7
ib's"
58.1990MAN
BaltCPa8lst58.1911MAN no
Bait Fundg 58.1916 MAN
Bxchange 3)48.1930JAJ 114
BaltAPlBtOsml 1911AA0
Greater Seaboard ctfs....
hoo
lOwaDiv 4s. 1919 AAO }lOa
Chicago J unc Ss. 1 9 1 5 JAJ |ll8
113)4
ChANo M gu 5s. '31 MAM i 99)4 99%
Chi A
M gen 58.'21 J AD ilOit 103
Con. of Verm't Ss.'lS JAJ
86
Curr't Riv Ist 58.'27 AAO * 91)4 94
D G R A 1st 4s.'46 AAO ( 96
97
Domln Coal lst68.'13MA8 i
110
oonv Ss.'lO JAJ
Debenture 5s. 1 9 1 3 AAO
an
23
97)4 Apr. a
H5 Jan.
S
80)4 Mar. 81
3 Jan. 19
1% Jan. H
i04
67
100
IstmortOs.. ..1905 JAJ
111)4
Rutland Ist 68.. '03 MAN nos)4 104)4
Torrington Ist 5s 1918...
'
2
Bonds— Boston.
Am BeUTel 4s. .1908 JAJ jlOl
A TAB F gen g 48 '95 AAO hoo
Illin Steel
NYANBnglst7s.'05JAJ }U6
2
IS
May
May
Baltimore— Conoiu'u
WestN C oon 6s.l914 JAJ no
i
i
Jan.
Mar.
H Mar.
165 299 Mar.
51,228 95)4 Mar.
420 107 Mar.
Ask
Bid.
.
ayxi
3
25
Adjustment g 48.. 1995
Boston Term'l 3)48 .. 1 947
Bos On Gas 1st Ss '39 J AJ
2d M58
1939 JAJ
BurAMoRlvei'ptds.JAJ
Non-exempt Os.'lS JAJ
Plain 48
1910 JAJ
Ch Bur A Q 4s. 1928 FA A
BONDS
Boston- Concluded.
NewBng oongen5s'45JAJ
Bait Beit Ist
12)4
39)4
84
29
60
35
35
K C CA 8 Ist 58 g.'85 AAO
KCFt8AGlst7s.'08JAD
18)4
136
K C F SAMcon 6b.'28MAN
189
K C M A B Ist 48..'34 MAS
Income 5b.
8
K CA M BjAB 5s.'29 AAO
K C St Jo A C B 7b.'07 JAJ
9)4
86
L RookAF 8 Ist 7s.'05 JA<
LB A St List 6s 1989....
Gen 4s 1948
MAS
CM Mar H A Ont 6s...'86 AAO
10
lis
.
N B Cot Yam 5s 1929FAA il08)4
9H 8M NBGas AC Ist 58. 1937 65%
3
3H New Bng Tele 68.'99 AAO i
04
68
66
1907 AAO ao6
5
Susquel &ST..(PhU)
2»
6
Tamarack Min.(Bost) 25 190 198
TelepTel&C..(PhU)
Dnst'p'd Ist 68.'33
180
808
Ask
Bl).
FrElkAMVl8t68'33end
J*»
3%
10
Domln Coal pf. (Bost) 100 118
.
70
2
4,14^
1,100
'
SoAmGDredg(Bost) 10
Old Col Mining. "
26
Osceola Mining. "
25
Palmetto Co.... (PhU) 25
41^ 41H
ParrottSU&Cop(Bost) 10
4
Penn ElecVeh. (PhU) 50
"
Pref
50
3)4
Pennsyl Salt... "
50 >••••*
Pennsyl Steelt. "
....
«5>4
"
PrefT
100
138
Qulnoy Mining. (Bost) 25 136
4
Rhode IslMin.. (Bost) 35
4)4
I
Santa Ysabel G "
5
IH
Bast'n Ist
894
,
1
.
I^
8)*
t:aid....(Phtla.) .... 60
(Bait.) ,...100
3394 Federal Steel
63)4 Leiiigh Coal it Navigation.
MISCBLL.— Concluded
Pref
114
65
.'.
,
STOCKS BONDS
U
"
....100
(PhUa.) 5 paid
(Boston).... 35
••
.... 10
"
....25
(Boston) .... 100
"
....100
"
....100
(PhUa.) .... 50
•'
....100
894
9^ Marsden CoT
10
10194 New Hng. Cotton Yarn, pref. (Boston).,., lOU
133 185 New England Telephone....
"
....100
18
Did Dominion Copper t
"
18
.... 25
3% 4 Philadelphia Bleo.T a^pald (Phlla.)
"
113!4 11394 Onited Gas Improvement T..
.... 50
Dnlted States OU
(Boston)..,. 25
15)4 16
43 WeUbach LightT
43
(Phlla.) ....
5
43
45 Westingh. Kleotrlo <fc Mfg. . (Boston) .... 60
63 64
S.
Preferred
,
33 5-16
b 37 15-16 88 3-16
c 37 15-16 28 3-16
33)4
53>4
VewBDgG8&Ct(Bcst)....
169
Preferred?
Asphalt Coof America
Boston St, Montana
Butte & Boston
81^
23)4
.
61
25.
1B5
305
18
4%
349
.
46
29<
4)6
51)4
44
43
103
101
3394 31)4
54
54
133
17
17
...,10(
111)4 113
94
494
54)4
103
17
"
«
3CS)4 309
294
396
65
755 755
17% 18
8%
....100
111
298
4 3)4 48)4
101
103
3594 36)4
51
51!^
73
"
116)4
•4)4
54
Amer.Agrical, Chemical....
Preferred
,
33
79< Apr. 10
Feb. 10
145)4 Apr. aa.
346
Apr. 18
5
203)4 Jan.
133)4 Apr. 8
143
Mar.
Apr. 8
137 Feb. s
Jan.
35 Apr. 18
May
45 Jan. 4
May
133 Apr. 2»
- ^
Jan.
Jan.
2994 Apr. 87
21*
Feb. 14
Jaiu
Jan.
7994 Feb. 16
14)4 Mar. 19
Jan.
100 Jan. 29
May
Apr. 4
62)4
6094 Jan.
77)4 Apr. 13
73)4 Jan.
303 Jan.
809)4 May 1
71)4 Apr. 9
64)4 Jan.
99 Feb. 6
95 Jan.
10
9-16Apr S
May
8H
34 9-16Jan.lO 33)4 Apr. 5
13 Jan. 10 1794 Apr. S
6094 Apr.
4494 Jan.
78 Apr. 4^
72% May
May
4094 Mar. 81
35%
10)4 Mar. 30
1594 Jan.
34
8
Jan.
37)4 May
b4^ Mar. 9
9194 May
204
(Boston).... 100
American Alkali
(Phlla.).... 50
Preferred, $10 paid
"
.... 50
94
American Bell Telephone. ..(Boston). ...100
"
tl3H 115)4 American 3ugar Reflningt,
....100
3%
•64
18)4
51
71
29i
112
31
71
33
310« 312
313
87)4 87)4 Amalgamated CopuerT
87)4
Highest
Lowest.
1,110
3
61 238
14 5-18 7-16
2d preferred
Onion Paclflo
53)4 64
(Boston).... 100
Preferred
"
7394 74
....100
37)4 37% Onion Traction, $17)4 paid. (PhUa.).... 50
16
16)4 Onited Rf 4 Bleo. Co
(Bait.) .... 60
"
Preferred
.... 60
91
93 West Bnd Street.
(Boston).... 6C
93
87)4
•20
•70
21
70
Bid. Ask.
TEer.Cementl(Phll) ....
Areadlan
(Bost) 35
Ainold Mining. '•
25
Franklin Mln'g. (Bost) 85
"
Oeneral Elect.
100
"
Pref
100
a«anAiit<y-MT(PhU) 60
Isd-B(yu ComT(Bost)100
IntBmtHASM "
10
"
(sie Royals T....
86
Ms&afaeRiib..(PhU) 60
"
PTef
60
Mary landBrew. (Bait) 1 00
"
Preferred...
100
Margenthaler . (Bost) 100
Mer Telephone "
10
13H)4
27)4
896
8)4
•91
88)4
no lale ws made.
A.Uonei Mining (Bost) 25
.
8794
•21
6%
'.
.
74
2%
'.
"
14 5-l«
93
113)4 113)4
"
25
25
Beth Steel
(PhU) SO
Boston BlecLt.( Bost) 100
Oambrla Iron.. (Phil) 50
Canton Co
(Bait) 100
Oenten Mining. (Bost) 25
"
Oentral OU
86
Oon. Lake Bnp. (PhU) 60
"
Pref.
60
Danv.Bessemer "
5
134
31
40
30%
84
77
64H 51)4
73% 74
87h 37)4
15J4 16%
64%
i33" 133
KO
Uiani at&XM dt
40
133
27
8%
92
M
Atlantis Mln'g.
BalUo Mining..
40
183
38)4
14)4
93
17
803
100
18
"
100
62
Pref
0o«n&Pa«8Qm " 100 180
Oonn Bivpr.... " 100 270
OonBOlTrPltt8T(PhU) 60
26
"
60
PrefT
...
aa South & Fla.(Balt)100 86
"
Ist pref
100
92H
"
100
69
8d pref,
50
S'rmant'n Pass(PhU)
50
Hestonv
&T "
60
Pref
78)4
"
100
Inds Street
FtS&M..(Bost)100 17
"
100
Pref
80
Little Sohuylk.(Phll) 60
Maine Central. (Bost) 100 160
MlnehUl & 8 H. (PhU) 60
59
60
NesQuehon'g V. "
64
"
60
Penn....
106
North
84
Pere MaTqa'te.(Bost)100
"
Pref
100
67
PhU Germ <» N.(PhU) 60
Rys Co General! "
....
2%
Seaboard w.i. (Bait) ....
10
Pref w 1j" !
SO
Unlmd N
' (PhU) I'o'o
872
35
UnPowA Trans "
"
50 •*•••!
United Tr of P.
"
50
Pref
63
West Bnd pref. (Bost) 50 lis
West Jer ASS. (PhU) SO
60
WestNY&Pa. "
691
Wis Cent, new. (Bost) 100 15
"
100
Pref
46
Wor Nash * R. " 100 186
Central Mass...
134
'8H
3794
1694
48
INACTIVE STOCKS
134)4
31)4
98V4
•I4i4
103
'
16
44
63
63
Bidaod asked prloe*
•76
16)4
37%
494
4%
'393
396
64)4
64M
18>*
5891
17
33
77
55
74
SB
16
H 311^*
109)4
34M 36H
54M 54H
8%
102H 1039<
37H
113)i 113)4
16
•70
111
4)6
203
14)4
64)4
74)4
22
71
t
111
110
4)<
898
68
750
24
•76
Week.
iTIIscellanenas 8tocks.
11294
•110
894
8!<)4
3U'* 312
315
10 9H
•4M
7394
3794
38
98
,,
14M
58%
38
88
,
894
3-lt)
68
33
215
191
193
12594 136)4
135
135
3794
Salts
Indicates unlisted.
Boston Bllevated,
Boston & liowell
193
13694
185
37
3894
HO
140
•343
341
Daily and Yearly Record.
American Hallways
Boston * Albany
243
om
65K 55^
7a« 74?6
88
84
77
•343
193
137)4 136
135
•134)4
134)4 •124
31)4 31)4 •31
41
41
40
138 133
133
LXX.
Railroad Stoeka.
•5^
5H 342
34 >
140
844
193
37X
25.
13
13
•12)4 1294 •13)4 13
18M
•87
88
88
69
60
69)4
60
6094
60)4
5994 60)4
•74
74)4 •7494 75
•74)4 74S4 •74)4 75
30794 80794 80794 20794 •306 20794 307 209
6194 65
65
9iM 65
61)4 65
9696 9»)4
96)4 96)4
96
96
96
96)4
%H.
28
*14)i
6J« 55«
74
74M
88
59H
74H
•74
74?<
13l)«
27)4
May
—A
of the
IT
'
[Vol.
ACTIVE STOCKS.
Friday,
•12)4
13)4
•
^9% 60
•808
es
ee
.
1
^i-t
P Wil A Bait 48.1917 AAO
Collat trust 4B.1931 JAJ
Pitta OASt L 7a. 1900 FAA
138
133%
104%
104
185
100
102)4
Read Co gen
4b, 1997 JAJ
Rochester Bycon 58.1930
SohRBSidelstSs k'SSJAD
SoranTrao lat 6a '33MAN
Onion Term'l lat 5s.FAA
Onited N J 4a 1 944 MAS
OnTraoPltU Ken5s'e7J AJ
107
111
. .
lAnd
interest.
•
•••
ll«
t$ll»^ paid.
•Price inoindes overdae 00«»0 OS.
. ..
May
.
.
'
,
.
THE CHRONICLE.
26, 1900.J
[umstmjent and
1043
ISlixilroaxl |ntjelligcujcje.
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from January 1 to and including such latest week or month.
Tlie returns of tfie street railways are brought together separately on a subsequent page.
Late$t €hrot»
ROADB.
EamingB.
Weekor Mo Ourrent
Tear.
Adirondack
March
Ala. Gt. South., '^dwk May.
Ala. Midland... April
Ala.N.O.&T6x. Pao. Juno.
K.O.&N.E... April
Ala.&Vicksb. April
Vicks.Sh.&P. April
Allegheny Val.. April
Jan. 1
to
Previoua
Ourrent
Previou$
Tear.
Tear.
Tear.
,
S
15.888
36,033
69,064
16.292
33.337
55,602
45,554
742,i)4«
336,145
51,623
646,275
252,710
639,530
131,805
517,847
266,511
56,279
240.508
228,445
62,787
2 25,,'') 9 2
270,645*
249.362 1,055,1)02
914,741
Arhor
3(lwkMay.
636.80.1
Ann
28,052
27,226
625.85;i
27,263
Ark. Midland... March
9,352
14,179
32,801
Atoh.T.&H.Fe. March
3,869,138 3,361,844 11.065,792 9,549,906
Atlanta&Char. March
242,130 197,0^6
678,956
654,261
32.8e8
113,v»88
129,089
Atl. Knox.&No. April
80,008
P..
W.
March
Atlanta*
64.526
192,421
57,343
l.'>5,057
At.Vald'Hta&W April
72.131
17,914
8,824
28.160
&N'
west
Austin
March
11,979
35,574
9.746
30.809
Lehigh.
March
Bait. &
11,305
10,349
AOhlo....
April
Bait.
2,903,875 2,424,861 11,523,374 8.981,078
BaLAO. Sou'w. '2fiwk May. 124,348 119,304 2,541,170 2,331,917
Ban^'r&Aro's'k March
281,13:^
1 12.054
92,614
222,332
Bathd^Ham'ndH March
1.890
5,470
2.089
5,584
Bellefonte Cen. April
4.130
16,463
2.644
9.472
Bninsw'k&W'st April
218.643
48,817
61.450
197,843
Butf.K'ch.&Pitt adwk May
109,642
75,827 1,997,172 1.464.521
Husq.
<fe
April
201,309
Buffalo
45,680
60,480
229,907
Bor.O.Rap.&N. 2(iwkMay
76,419
77,905 l,(!27,09v 1,55",616
Canadian Pac. 2(1 wk May
584,000 637,000 10,050,946 8,998,933
Cedar Rapids
Garner&N'w. March.
3,254
10,16
3,231
8,783
Cent.oftteorgria 2dwk May.
83,967
80,491 2,287,734 2.037.164
Central N. E.... April
200,079
54,102
56.518
214.107
Central of N. J. April
1,286,9!)! 1,142,383 4,774,188 4,3.'50,140
Central Pad He, Marclu
3,879.769
1,444,791 1,299,124
3,485,446
OharlcBt'nASav April
56,178
293,897
65.997
259,912
Ohattaii'xaSo.. 2dwk May
2,44e
1,45»
Ches. AOhlo.... 2dwk May.
246,481
220,360 4,620,389 4.116,263
Chic. Bur. &Q. March.
3.952.050 3,420,692 10.849,658 y.t, 40,920
CMC.& East. Ill 2dwk May.
80,000
79,400 1,880,639 1,661,174
10H,272 2,370.435 2,102,103
Chic. «t. West'n 2dwk May.
112,156
Chic.Ind.&L... 2dwkMay.
78,590
69,068 1.473,238 1,196,972
Chio.Mll.&St.P. 3dwkMay.
690,031 667,096 14,791,799 13,583,468
Chlc.&N'thw'n, April
3,374,641 2,863,015 12,919,518 11,526,847
Ohlo.Peo.&Ht.L
April....
106.180
517,113
96,223
379,330
8t.L.O.&8t.P. ^
Ohlo.K'kl.&P. March
1,902.446 1,663,831 6.437,465 4.705,235
Chio.St.P.M.&O April
676,688 651,34t. 2.942,027 2,997,74 6
Ohlo.Ter.Tr.RR adwkMay
25,132
443,728
26,995
438.558
Choo.Ok.&Quli April
•115,000
"695,800
*87,000
'514,016
Oin.N.O.<feT.P. 2(1 wk May.
94,718
81.112 l,844,t;4.i 1,574,902
Cln. Ports. &Vlr. April.
29.121
112.332
25,374
87,742
01.0.Ch.<feHt.L. 2dwk May.
300.725 266,820 5.906,642 4,914,822
Peo. A East'n. April
190,073 151.323
800.647
587,100
Cl.Lor.&vVheel. 3(lwkMay.
47,384
813,4(9
30,430
636,076
Col. Midland.... April
744,239
164,597
114.698
455,974
Colorado &, 8o. April
292,700 273,872 1,339,524 1,166,219
18,90.'=.
Col.New.A Lau March
54,068
19,439
47,242
Col. Sand' y AH. 3d wk May
24,309
18,858
Cornwall icLi b. March
25,774
76,418
18,801
48.108
Cumb'l'd Valley Mnroh
219.511
76.258
69.428
185,473
Denv.ARloOr.. 3dwk May. 188.000 173,500 3,685,277 3,367.049
Det.&Macklnac March
84,134
217,616
164.061
60,650
DnluthH.H.AAtl 2dwk May.
46,90'.;
65,252
879,802
705,597
E. St. L. &Car.. April..
13,400
52,837
12.997
42,894
£l2lnJol.&£a8t April..
171,593 121,376
680,514
566.286
March.
Bife
2,998.870 2,766,674 8,510,166 7,471,138
Eureka Bprln>?K March
8.387
4,64(
Ev'ns.&lnd'plls idwk May.
5,c96
124,666
128,042
6,829
Evansv.&T.H. SdwkMay
529,29.'!
24,503
482,5,50
25.628
Find. Ft.W.&W. April
6.750
31,774
30,316
6,9 7.'^
Fl».Cent.&Pen. 3(!wk Mar.
581,98ei
50,157
556,476
49,832
Ft W. A Den. C. 4thwk Mar
27,833
357,4 6.'i
355,102
27,074
Ft.W.&RloGr.. 3dwk May.
181,.^7i^
7,543
6.421
183,756
Oad8.<feAtt.U.. April
2,5H2
1,134
4,285
685
Georgia RR.. .. 3dwkMay.
26,264
25.420
664,452
631,783
Georgia A Ala.. IstwkMay
21.717
473,954
405,038
19.981
411,1';9
Geo. So. A Fla.. April
91.426
297,133
74,382
Gila Val. « AN. January ..
28.990
29,035
29,035
28,990
Qr.Tr'nkSyst'ni 2rtwkMay,
410,573 892,718 7.860,41?. 7,303,464
Chlo.&Gr.Tr. 1th wkBec 122,108
138,22, 3.863,755 3.650.808
Det.G H.AM. latwkMay
19,600
311,015
293,764
18,951
Great Norlh'n—
St. P. M. A M. April.
1,797.688 1,549,769 6,818,401 6,508,164
6'.)9,169
East of Minn. April
917,105
231,506 166,324
Montana ('ent April
653,060
596,855
123,860 103,201
Tot. system. April
2,153,054 1,823,294 8,388,560 6,804,188
G'lf B'luut AK.CI A prtl
86,902
87,547
21,310
25,232
39,69i<
Gulf A Intor-S.. March
15,765
Hooking Valley 2dwkMay. 106,018
68,057 1,016,548 1,016,102
Hou8.ATex.Con March
817,373
874, 4( 5
244,058 264,286
minolB Central. April
2,354,452 2,113,577 10,776,991 9,131.956
Ind.Deo. AWest February
101,280
83.074
48,34b
37,664
Iiid.m.&Iowa. March
254.779
298,627
93.090
105,629
IlLAGt.N'rth'n 3dwk May.
€0,100 1,375.109 1,428,742
57,290
tinteroo. (Mcx.) WTi May 5.
81,950 1,438.600 1,3S1,930
81,000
Iowa CentraL 3dwk May.
817,316
755,004
34,769
35,170
IronBAllwav... April
26.490
17,373
4,531
5,334
296,'^ 67
Kanaw'aAMlch 3(iwk May.
235,939
12,195
13, .520
K.O. F.Sc'tt&M. 2(lwk May.
91,312
72,297 1,996,43:' l,64y.914,
616.482
K.C.Meni.ABlr. 2dwk May.
630,842
27.129
24,608
96.241
Kan. C.N. W... April
122,22i
27.959
22,429
Kan. City A Om. 2c[wkMay
82.006:
85,453
4.32h
3,742
L. Krte AWest. 4th wkJan
274,429
861,251
185.801
96,861
Lehl(K'h A Hud. April.,
1.^0,O32
157,677
35,031
38,663
Lehigh VaLRR. March.
1.980,232 1,765,009 5,869.854 4,745,320
Leh. V.Coal Co. March.
1,282.697 1,343,388 1,150,466 4,380,667
.
122,119
43,178
45,253
Lateat Qroit
Latest Dats.
ROADS.
Eamingn.
PrevUnu
Weekor Mo Ourrent
Tear.
Tear.
27.465
314.064
333,897
10,519
Lex'gtonAEast March
Long IslandRR. April
Long Is. System Aj)ril
Los Ang. Term. April
Loul8.Ev.A8t.L IstwkMay
86,06:t
2dwkMay.
ANhhIiv. 2dwkMay.
11,447
Lou. H.*Ht. L..
I>ouis.
Macon A
Blrin., April
April
ManlstUjue
(Mexican Cent. .'{(Iwk May.
Moxicanlnter'l. March
{Mex. National. 3(lwk May.
Mex. Northern. January ..
JMextoan Ry... Wk May 5.
IstwkMay
Mexican So
Minne'p. ASt.L. 3(lwk May.
M.St.P.&H.Ht.M '.?(lwkMay.
Mo. Kan. ATex 3dwkMay.
Mo.Pac.AIr'nM 3dwk May.
Central IJr'ch. 3dwkMRy.
3dwkMay.
Total
Mob..lac.AK.O. WkMay 19
Mobile A Ohio.. April
Mont.AMex O'f April
NaHli.(;h.A8t.L. April
Nevada Central M:arch.....
N. Y.C.AH. R.. April
N. Y. Ont. AW., 3dwk Miiy.
N.Y, Susft.A W, March
Norfolk AWest. 3dwkMay,
No rth'n Central Marcli
North' n Paoiflc 2dwk May.
2dwk May,
()lih> River
Oreg.Sh.Llne...
Pac. Coast Co..
PaolHcMail
Pennsylvania.
Pere Manjuette
Peo. Deo. A Ev.
A Erie..
A Read.
Coal A Ir.Co
Tot.both Go's.
Phil. WllmAB.
Phlla.
Phlla.
March
March
March
March
2dwk May.
3dwk May.
March
March
March
March
March
Pitts. 0.0. ASt.L April
Pitts. Bes.AL.E. 3(lwk
Pitt. Oh.AY'ny. Marcli
May
Pitts.Llsb
Pitts.
Pitts.
&Wn
April
Hha.ANo. January
..
A West'n.. 2dwk ^fay
I'itts.Cl.ATol 2dwk May
Pitts. Pa. A F. 2dwk May
Total system
RIoh.Fr'ksbAP.
Rio Grande Jet.
Rio Grande So.
Rio Gr'de West.
8t. Jos.
A Or.
I
2d'wk May.
March
March
2dwk May
3dwkMay.
3dwkMay.
St.L.Ken'otASo April.
St,L.Van.AT.H. April
Ht.L.&SiUiFran.
Southwest
St.PaulADul...
San.Aut.AA.P.
SanPran.AN.P,
S.FePres.APh.
Sav.Fla.AWest.
8her.8hrev.A8o
Ht.L.
2awkMay.
3dwkMay.
April
March
April
2dwk May,
April
4thwkApr.
Sprs. O. A G. April
8o. IlavenAE.. March
Ho. Miss.
Ark. April
So.PaclflcCo.ft. March
811.
&
March
March
March
March
March
Tex.&N.Orl.. March
So.Pac.ofOal. March
So.P'o.ofArlz. March
So.Pao.ofN.M March
Cent. Pacllio..
GaLHar.AS.A
Louis'a. West
Morgan'sLAT
N.Y.T.AMex.
Southern Ry.... 2dwk
May
StouyOl.AaMt March
TerreH.AInd April
Terre H.
A Peor.
April
Texas Central. 2dwkMay
TexasAPacltlc.
3dwk May
Tex.S.V.AN.W. April
Tol.AOhloCent.
3(1
wk May
Tol.P.A West... 2(lwk .May
ToLSt. L.AK.0 3dwkMay
Union Pac. RR. March
Wabash
,
3dwk May
W.J'rseyASea'e March
W.V.Oen APltt April
Western of Ala.. March
West.N.Y.APa. 2d WkMay
Wheel. A L. Erie 3dwkMay
Clev.O.&So.. 3dwkMay
3(iwk May
Total
WtsoonsinOent. SdwkMay
Wrights v.ATn. March
Yazoo AM l88. V. April
York Southern.. March.
490,975
Jan. 1
to Lateat
Ourrent
Tear.
75.38f<
16,922
315,092 1.064. '227
830,096 1,076,308
37,690
8,996
072,958
29,619
224,603
11,410
466,050 io,r23,03:i
20,821
3,909
36,873
6,855
275.016 0.889,871
418,723 1,364,455
139,739 3,105,691
60,20'
83,613
87,000 1,045.600
14,91<i
315,206
Date.
Previotie
Tear.
40.027
1,024,067
1.052.185
30.794
543,954
194,270
8,494,219
19,918
28,639
5.661,706
6,081
8,907
341.091
1.166.931
503,482
2,626.6-20
167,471
83,613
60,207
1,636,200
91,800
278,099
17.500
4!t.267
985,9(iH
921,289
49,312
78,263 1,7.38,086 1.-280.112
89,356
173,107 4,336,071 4,053,906
192,654
4.')0,000 10,657,032 9,589,535
4f) 6,000
451,518
406,964
2l.00(
21,000
477,000 471.000 11,008,550 9,996,489
3,534
1.666
e427,700 «3«6,773 61,9.57,834 e 1,464.252
452,10j
411,292
96,713
109,867
520,159 470,619 2,218,801 1,916,067
4,669
8,589
1.550
3,221
4,253,361 3.750.245 16,864,643 15,017.837
86.171 1.721,197 1,656,190
87,348
626.277
567,873
211,662 203.877
261,687 249,214 6.331,773 4,443,865
624,710 546.510 1,834,125 1,509,926
660,830 468.4 64 9,740,186 8,228,681
344,451
4i>9,31!)
21,351
24,4 53
573,328 1,884,4(9 1,576,735
681,104
375,118 401,269 1,C 95,958 1,086,186
930,479
936,477
275,591
308.624
7,014,932 6,820.93'.,; 19,592,537 15,701,937
1'29,855 2,754,882 2,47«,796
130,572
295,447
355,490
14.278
14,893
860,875
874,487 387,473 l.OOS.SO.')
6,200,100 5,244,960
2,091,412 1.879.64:
1,718,604 1,851,200 5,040,060 6,160,235
3,810,016 3,730,909 11,840,226 11,411,195
8'23,107 2,512,763 2,179,163
885,007
1,477.501 l,20H,O91 6,287,479 5,305,13a
310,653
602.343
30,998
60.895
28,1^9
46,497
11,297
16,768
15.29X
19,268
3,401
6,047
44,005
44,005
626,824
761,480
37,232
36,621
327.419^
446,59^
17,390
23,983
127.731
1'Z6,269
7,588
6,780
62,210 1,339,798 1.0H7.628
66,384
192,926
229,923
73,180
79,252
71.007
100,909
27,276
40,231
1 64.292
183,539
8.870
9,260
69.3 '>0 1,043,4 07 1,196,001
81,700
459,875
'24:,f><J0
486,068
19,444
27,685
6,73i
32,01b
8,118
549,866
611.017
135,463
152,204
129,5"2 2,799.918 2,58H,762
130,941
93,824 2,136.308 2,0(;9,7»5
96,699
482.818
487,952
110,.^)70
128,0!'>9
362,992
422,965
117,010
135,763
24ft.922
243,100
69,058
68,319
315,377
l«i,432
380,023
18,384
287,773 1,043,221 1,24'^,173
363,637
105,763
125,550
6,(/<;2
7,05a
104,186
92,259
30,819
29,511
5,836
7,668
2,074
2.743
35,791
53,305
10,486
15,458
5.234,861 4,727,895 14,756.684 13,052.904
1.444,794 1,299,124 3,879,769 3,486,446
463,979 1,516.385 1,299,523
534,961
3.")4,052
379. H75
133,080
120,498
685.786 642,613 1.672,715 1,704,290
r 6,339
60,703
19,716
19,5a.^
474,639
498,226
172 930 170,781
1.495,04'.; 1,208,747 4,190.670 3,388,447
859.058
320,768 319 601 1,0^4.581
476.995
607,878
170,M38
161.632
621,739 11,437,590 9,896,440
643.097
2,561
3.167
968
1,103
443.'271
530.03.'j
107,933
121,182
H
119,026
165.04
24,829
81,99.T
100,074
120,871
4,319
5,01)
130,980 3,191,200 2,94'2.28S
146,384
18,560
34,080
.3,910
6,000
6.^)9,196
913.794
33,lf3
49,174
333,402
373,136
14,217
14,901
70 .',198
663.713
34,914
28,60*
1.869,423 1,652,092 6.127.714 4,39.5,418
264,028 6.049.451 5,324,702
291,41!)
479,564
560,56216,110 204,710
399,635
112,56t
459,057
124,527
168,541
205,328
69,144
65,168
60,700 1,203,(^9:.; 1.150,519
68,300
.575,943
737,441
32,700
30,410
2,'i6,318
301,31.'^>
12,492
14,62U
832,259
45,192 1,032,306
45.030
104,3.i5 1,925,283 1,852,626
109. 3H0
29,821
44,639
12,970
15,341
80^,793 325,905 1,636,459 1,498,823
15,823
10,639
6,444
7,830
Figures for April are for the railroad only, t Mexican correnoy. § Covers results of lines directly operalted east of Pittsburg
Includes Chesapeake A Ohio Bo'westem, Ohio VaUey and Chicago and Texas for both years. Results on Yazoo Branch eioluOed in 1899.
Texas Central system.
6 Does not Inolucle the Auatin A Northwestern, the San Antonio A Aransas Pass or Houston
e ReKulta on Montgomery Division are Include i in 1900, but not for 1899.
•
i
&
—
—
.
.. ...
..
THE CHRONICLE.
1044
Latest Gross Earnings by Weeks.—The latest weekly earnings in the foregoing are separately summed up as follows:
Only 33 roads have as yet reported for the third week
of May and these show 9'06 per cent increase in the aggregate over the same week last year.
3d week of May.
1900.
Ann Arbor
& Fittsb'e.
& 8t. Paul
Clev. Lioraln & Wheel'jr.
Col. Sandusky & Hook'g.
Denver & Rio Grande...
KvansT. & IndlanapoUe.
Eransv. & Terre Haute.
Buflalo Rooh.
Obloago Milw.
Pt.
Worth
«fe
Rio Grande.
G^60^^^la.~ ................
Intern'l & Gt. Nortli'n . .
Iowa 0«ntral. ...... ....
KanawHaA
Michigan...
Mexican Central
.....
Mexican National........
& 8t. Louie.
Mo. Kansas & T^xaa
Mo. Pacific & IronMt...
Central Branch
W. Y. Ontario & Western
Worfolk & Western
Peoria Deo. & Evansv.
Plttsb. Bess. & L. Erie...
Minneapolis
.
Rio Grande Western
Joseph <Si Gd. Island.
Louis Southweetern
Bt.
Bt.
Texas
& Paolflo
& Ohio Central...
Toledo
Tol. St. L. &,
Wabash
Wheeling
K
Kan. City..
.,.
& Lake Erie...
& So..
Clevel'd Canton
WlBOonsln Central
Total (33 .oada)
Net increase (9-06
28.052
109,642
6a0,03l
47.384
24,S09
i88.oao
5.896
24,553
7,543
26.264
57,290
35,170
13.520
344.091
157.471
49,.ll2
192.654
456,00u
21.000
87,318
264,687
14.893
60.895
81.700
19.444
98.699
145.384
49.174
28,604
291419
30,410
14 620
1899.
Increase.
S
27,226
75.827
667,096
30,4^0
18.858
173,500
6,829
25,628
6.421
25 420
66,100
34,769
12.195
275,016
826
33,815
2^,935
16,954
5,451
14,500
9^3
1,122
814
8.810
401
1.325
69 075
17,732
45
19,547
6,000
1,177
15,473
61?)
29.897
12.400
3,772,839
3^9,425
5,146
•**
2,875
14.401
16,021
6,310
27,391
•
--
2,290
-
2,128
5,025
12,4 < 2
x>.n.^..
• ••
1,075
49,267
173.107
450.000
21.000
86.171
249.214
14.278
30,998
69.300
24.690
93.824
130,980
33.153
34,914
261.028
32,700
104,355
S
9
139,7.59
109 380
Decrease.
337,978
313,414
.
24.584
I
—Oross Earnings.——
Current
Year.
Previous
Year.
Vol. LXX.
Net Earnings.
Current Previous
Tear.
Tear.
Roads.
$
14.984
9
Central NewEng...Apr.
54,102
56,618
18.570
Jan. 1 to Apr. SO ...
214.107
67.516
200,079
41.178
July 1 to Apr. 30....
181,549
592,132
552,884
132,121
CenT. of N. Jersey. a. Apr.
411,946
474.194
1,236,991 1,142,383
Jan. 1 to Apr. 30
4,774.188 4,350,140 1,812,868 1,556.724
Cbar.& Savannab.bApr.
13.276
55.997
3.406
56,178
Jan. 1 to Apr. 3o ..
2.'S9,912
69.611
293,897
93,821
July 1 to Apr. 30
563,141
533,992
114,099
83,277
Ohio. & East. 111. b.. Apr.
125,fi63
142.651
358,658
337,345
Jan. 1 to Apr. 30
7.^2,637
686.521
1,710.428 1,495,960
July 1 to Apr. 30
4.390,928 3,862,948 2,023,381 1,796,726
Chic. Gt. Wesr'ri.b Apr.
.•^01.035
126,107
465,518
145,127
Jan. 1 to Apr. 3o
2.145.490 1,895,245
636.194
579,797
July 1 to Apr. 30
5,639,044 4,867,192 1,888,367 1,617,444
'Jin. NO. & Tex. P. a Apr.
397.863
364,470
120.504
97,638
Jan. 1 to Apr. 30
459.323
1.664,912 1,414,499
406.677
July 1 to Apr. 30
4.270,186 3,885,252 1,211,923 1.328,982
Colorado & So. .b Apr.
63,991
292.700
273,872
46,200
Jan. 1 to Apr. 30
262.961
1,339,524 1,156,219
333,353
July 1 to Apr. 30.... 3,576,452
970.411
Oonsoi Gas Co.. N.J.Apr.
684
983
Jau. 1 to Apr. 3o
4,920
5,811
Denver Gas & Elec.Apr.
24.426
28,503
Jan. 1 to Apr. 3»'....
132.325
138,743
Mar. 1 to Apr. 30
55,529
64,376
Detroit Ciry Gas
Mar.
55,571
41.862
Jan. 1 to Mar. 31...
182.068
144,069
a. South. & Fla.a.Apr.
91,426
74,382
19,050
13,409
Jan. 1 to Apr. 30
411.179
297,133
91,589
67.652
July 1 to Apr. 30
274,518
997,077
783,694
216,750
'id. Rap. Gas-L. Oo. Apr.
13,367
11,463
Jan. 1 to Apr. 3o
61,643
50,648
fackson Gas-L. Co. Apr*.
1,876
1,650
Jan. 1 to Apr. 30 . .
9,853
8,771
Mar. 1 to Apr. 30
4,109
3,922
Lacle<i« Gas-L do.. Apr.
75.113
68.884
Jan. 1 to Apr. 30
336.962
341,218
tfadison Gas & Elec.Apr.
4,552
3,260
Jan. 1 to Apr. 3o....
18,331
19,725
New York Central
Jan. 1 to Mar. 31
12.601,282 11,267,592 4,470,753 4,036,705
:
For the second week of May our final statement covers
and shows 10"03 per cent increase in the aggregate
over the same week last year.
67 roads,
2d week ot May.
1900.
Previously rep'd (35r'dfl)
AiAbama Gt. Houthern.
Burl. Ced. Ran. & North.
Central of Georgia
.
Chattanooga Soiithern..
Chesapeake & Ohio
Chic. Ind'plis & Louisv..
Ohio. Tei-m. Transfer ..
Cin. N. Oris. & Tex. Pac.
Clev. Cin. Ohio. ^ St. L..
Duluth So. Shore & At. .
Georgia ...................
urand Trunk
Det. Gd. H.
..
)
&M
S
Kanawha & Michigan
Kan. City Ft. 8, & Mem.
Kan. C. Mem. & Birm
Kansas City & Omaha ...
LoulsvlLle Head. & St. L.
Louisv.
&
Nashville
Minn. St. P. &S. Ste. M..
Northern Paottto.. .......
Ohio River
Pere Marquette. ..........
Pittsburg & Western
Bio Grande Southern....
Bt. Louis <te San Fran ...
8t. Louis Southwestern..
Santa Fe Pres. & Phoenix.
Southern Railway ......
Texas Central
Toledo Peoria &Weat'n.
WestN.
Y. (fcPenn
Total (67 roads)
Net increase (10 03
.
1899.
Increase.
S
9
4,701.343
36.033
76.419
83,96/
2.446
246.481
78,590
25.13^
94.71i
300.725
4,225,077
33,337
77,905
80.494
1,459
507,085
2,636
220.3*50
26.121
9.522
53252
24,805
416,573
14,117
91.312
27.129
$
1,486
987
*
8,534.392
7.756.641
«-
i,863
>
13.603
33.905
6,350
.... ....
8,108
892,718
11.076
72,297
24,608
4,328
11.410
465.0 .0
73,263
468,464
21.351
129,855
62,210
8.870
129,592
101,700
16,432
521.739
4,319
14,217
60.700
S
30,819
3,473
69.068
26,995
81,112
266,8 VJO
46,902
32.913
3,742
11.447
490,975
89,^56
560.830
24,453
130.572
66,384
9,260
130,941
93.700
18.384
543.097
5,011
14,901
68,300
Decrease.
23.835
3,041
19.015
2,521
586
37
25,925
16.093
92,366
3.102
B— -
1,952
21,358
Champl.—
Jan. 1 to Mar. 31
Coast Co. a. Mar.
Jau. 1 to Mar. 31....
July 1 to Mar. 31
Pere ivt*rquette.a .Mar.
Jan. 1 to Mar. 31
Pitts. Char. & Y'h'y.Mar.
Jan. 1 to Mar. 31....
Pitts. C. C. & 8t.L.a. Apr.
Jan. 1 to Apr. 30....
3t. Joseph Gas L. Co Apr.
Jan. 1 to Apr. 3u...,
July 1 to Apr. 30
St. PaulGas-Lt Co.. Apr.
Jan. 1 to Apr. 30 ...
San Pr. A N. Pao.a.Apr.
Jan. 1 to Apr. 3o
July 1 to Apr. 30
7,600
50,862
.,.
Net Earnings Monthly to Latest Dates.—The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the Chronicle of May 19, 1900.
The next will appear in the issue of June 23, 1900.
Current
>
Previous
,
Ifet Earnings.
Current Previous
Tear.
Tear.
Year.
Tear.
9
9
9
$
270,650
1,055,902
69,064
336,145
Jan. 1 to Apr. 30....
803,849
July 1 to Apr. 30....
Bingbamton Gas... Apr.
Jau. 1 to Apr. 3u
May 1 to Apr. 30 ...
BnuiswiokAWent.bApr.
48,847
218,543
Jan. 1 to Apr. 30....
678,405
July 1 to Apr. 30....
BaflaloA S'squeh.a. Apr.
45,660
Jan. 1 to Apr. 30....
201.309
July 1 to Apr. 30....
640,618
Canada Atlantic—
Jau. 1 to Mar. 31....
368,926
249,363
914,742
55,602
252,710
687,213
68,319
243,100
776,219
87.033
267,048
749,197
363.637
Central »
Mar.
.
91,267
338,591
def.549
def 3,797
51,450
197,843
518,510
60,480
229,907
644,733
83,676
198.689
2.020
13,243
36,516
14,270
65,805
185,353
18,055
79,588
315.902
4,635
95,695
2,640
13,596
32,464
14,560
82,356
114.781
20,770
82,155
206,934
274,353
54,085
29,666
89,011
Milw'ee Gas-L. Co. Ai>r.
Jau. 1 to Apr. 30
Wheel. <b Lake Erie.Apr.
212.583
Jan. 1 to Apr. 30....
887,826
May 1 to Apr. 30.... 2,493,278
Wrightsv. & Tenn Mar.
15.341
Jau. 1 to Mar. 31
44,639
July 1 to Mar. 31...,
134.539
.
a Net earnings here given are
i>
133,292
25,381
27,987
401,269
80,829
113,508
1,086,185
234,355
234,708
777.850
3,617,859 1,084,464
153.881
624,845
157,196
305,967
1,633,501
397,789
11,297
7,123
5.575
11.971
28.189
18,731
313,174
284.811
1,298,091
5,305,130 1,504,705 1,306,174
5,819
5.809
24,210
25,394
57,012
58,588
19,670
18,770
91,055
92,460
69,053
11.287
15,491
57.632
245,922
42,304
278,576
753,813
268,496
36.027
78,262
46,986
98.562
217,892
154,242
428.260
307.790
649,515
50.169
287.773
78,385
235,923
1.242,173
506,951
752,598
3,294,027 1,049,140
21,715
17.934
30,819
62.537
101,186
53.598
143,663
243,592
135,374
87.422
289.405
305,811
1,273.194
2.155
1.210
19,205
23,534
24,979
75,222
71,969
25,550
11,549
43.966
197,016
51.659
197.943
714,515
709
11.187
44,418
38.266
160,735
Gas Co.—
—
.
...
12,970
29.821
81,503
6,103
9,995
32,535
after deducting taxes.
Net earnings here given are before deduoting taxes.
—
Interest Charges and Surplus. The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c., with the surplus
above or deficit below those charges.
Int., rentals, etc.
/-Sai. of NetEam's.s
—
>
82.970
298.016
24,111
87,195
Jan. 1 to Mar. 31
Ulster & Delaware—
Jan. 1 to Mar. 31....
.
-Oross Earnings.
114.403
375,118
1.095,958
3,933.491
682.116
1,855.941
16,768
46,497
1.477,503
6,287,479
Santa KePres.A Pb.Mar.
Jan. 1 to Mar. 31
July 1 to Mar. 31
8av. Fla. & West.b.Apr.
Jan. 1 to Apr. 30
1.643,221
July 1 to Apr. 30.... 3,706,133
Silv.gp. Ooala & G.bApr.
29,611
Jan. 1 to Apr. 3'>
92,259
July 1 to Apr. 30
23J.934
Tenn. Coal I. & RR. Apr.
'Western
692
684
828.6 L3
777.751
L.
Jan. 1 to Apr. 3u....
8,000
KS*a
&
''aoltio
exae>
390
1.349
n.i
Boads.
Allegheny Valley.b.Apr.
Jan. 1 to Apr. 30
Alabama Midl'nd.b Apr.
Ogdensb.
717
4,174
>
Soads.
Central
New Eng.a Apr.
July 1 to Apr.
3t.
&
>
Current
Previous
Current
Previous
Year.
Year.
Year.
Year.
9
9
9
9
12,425
125,438
125,209
E. Illinois.. Apr.
July 1 to Apr. 30.... 1,272,280
109,433
Peie Marquette ..Mar.
326,965
Jan. 1 to Mar. 31
294,395
ents. O. C. & St. L. Apr.
Jan. 1 to Apr. 3.> ... 1,169,781
22,862
San Fran. & No. Pac. Apr.
213,120
July 1 to Apr. 30....
54,777
Cenn. Coal I. & RR. Apr.
219,107
Jau. 1 to Apr. 30 ...
Ohio.
—
Wheeling
May
*
6,053
12.517
2,559
71.293
110.256
6,683
'40.979
'28,769
124.396
•693,886
•936.436
1,270,071
45,567
47.763
108,314
70,824 def.15,629
321,596
8,208
276,603
18.779
334,604
223,306
1,082,868
2:,958 def. 11, 575 def.7,467
65,196
55,37t)
213,380
234,628
40.859
46,563
119,559
186,252 1.054,087
& Lake Erie-
1 to Apr. 30....
540,942
After allowing for Other income received.
173,673
—
....
May
.
,
.
^
.
..
THE CHRONICLE.
28. 1900.]
1045
The following table shows the gross earnings for the latest
period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including such
latest week or month.
STREET RAILWAYS AND TRACTION COMPANIES.
—
Latest Gross Earnings.
Gross
Earnings.
Jan.
Vur'nt Prev'us
Year.
Year.
Week, or Mo
1 to Latest
Date.
Current
Premous
Year.
Year.
Atlanta Ry.
Ry.
March.
Power. April
St.
&
BlngUamton
Ry..
Bridgeport Traction
Rap.Tr.
Br'klyn
Co.
Chicago & Mil. Eleo..
St.
CMcago Union Tract.
Oln. & Miami Val
Oln.
Newp.
4,483
42 541
12 788
26,963
.
& Cov....
April
February
March
April
April
April
April
April
April
April
April
Apiil
April
April
8,103
600,952
14.e360,104
3,164
OltyElec. (Rome.Ga.)
Cleveland Electric.
161,579
8,P6e
Cleve. PalnBV. & E...
Rap.Trans.
ll,8f>7
Col. Sp'gs
Oolmnbus (O.) Ry....
73,312
Dart.& W'port St. Ry.
7,414
99,.t31
Denver City Tram..
DesMolaes City Ry.. January .. 26,2el
Detroit atl'n8'St.Ry. 3dwk Uay. 27,690
Detroit Eleo. Ry~
3dwk May.
9,807
Detroit Ft. Wayne &
Belle Isle
3dwkMay.
4,491
Total oj all
SdwkMay. 41,988
Duluth St. Ry
April
20,8 i;i
Easton Consol. Eleo. January .. 23,226
E.St.Loul8 Ele.8t.Ry. January .. 12,791
Galveston City
March..... 19.509
Harrlsburg Traction. April.
25,856
.
4 578
37,299
11,858
20,489
(?ln.
Roads.
Newp. & Cov.bApr.
Jan. 1 to Apr.
13.109
149 408
51 135
124 808
43,885
46 541
56.703
2,596,194 2,437,5-.,; 6
3,027
26.922
11.493
586 088 2,288,987 2,176,683
11074
50,852
36,586
229 087 203,016
55,032
7t
1945
12
3
6.738
153 902
621 138 579.698
31. 595
8 533
27 993
43,9810,570
33,674
280 853
6,93(
94.555
23.341
23,619
7,805
3.747
35,171
16.736
25,809
379,146
26,261
546,f09
209,051
21,780
363,017
23,341
463,618
161,246
S5,5fl4
71,902
696,766
65,4d»
10.849
16,476
20,973
841,154
80,636
23,226
12,791
49,8^6
9a,689
3,720
16,479
17,621
48.947
13,787
47,986
206.240 186,323
606,008
544,625
Herkimer Mohawklllon&F'kfortEl.Ry. April..
Houston Eleo. 8t. Ry. March.
Internat'l TractionTotal
March.
Interstate Consol. ol
North Attleboro.. .
Johnstown Pass. Ry.
Kingston City Ry
Lebanon Val. St. Ry.
Lehigh Traction
Lima Railway (Ohio)
Lorain St. Railway..
Lorain & Cleve
Los Angeles Tract..
Mass. Eleo. Co.'s
Metro. (Ele V. ) Chicago
Metrop. St. Ry.(N.Y.)
Montreal Street Ry
Muscattoe St. Ry
.
.
4,435
17,456
April
Ft bruary
Apiil
April
April
,
,
March
J anuary
.
February
March.
January ..
Anril
April
April
,
,
,
March
St. Ry
April
New Castle Traction. April
New London St. Ry.. March
New Orlean s City
April
Newport News & Old
Point Ry.& Eleo... March.
Newburg
Colorado Sp'cf
Jan.
Coney
Northern Ohio Tract April
30 419
Norwalk Tramway . March....
Norwich St. Ry
February
Ogdensburg St. Ry.. April
Glean
St.
Ry
Omaha & Coun. Bluff
Ry.& Bridge
& Power
1,471
3,581
March
April
Philadelphia Comp'y April.
Pottsv'e Union Trao. April
Richmond Traction. April.
Rockford (111.) Ry.
Light
4,036
6,086
14,743
28,184
116,109
11.293
12,367
3,54(
4.80«
1,469
3,444
5.134
10,6.9
17,273 15,079
63,423
246,245 164,912 1,107,342
36,i03
9,661
9 02ii
15,499 14,346
53.050
February
"l0'.8'49
51.382
80 640
5,950
4,737
29,344
33,769
10,297
10,677
25,260
31,374
102.509
9,646
10,751
5.1 OK
9,890
April
February
February
85,369
132,284
9,06'
9,100
26,821
22,944
March....,
April
107,199 95,213
April
215,791 190,340
Union (N. Bedford).. April
17,265 16,167
United P. & Transp. April
lyic. 11, 732
14 2 85'-
United Traction—
Albany City
)
April
103,847 101,105
April
April
163,382 131,742
173,125 154,725
J
United Tract. (Pitts.)
United Tract. (Prov.)
Vallamont Traction..
Williamsp't Pass. Ry.
Worcester & Marl'b'h
31,935
44,578
February
February
April
948
7»6
6,567
4,740
6,109
5,236
4«2,48t
861 467
69,52g
74,884
118,662
19,363
21,496
120.647
3s5,997
750,793
61.893
Ine 91. 643
386,553
402,894
485,383
569,85?
672 241 576,285
1,646
1,927
12,706
13,7)7
16.65:
15,524
—
and the latest statement of this kind will be found
in the Chronicle of May 19, 1900. The next will appear
in the issue of June 23, 1900.
turns,
—
Qross Earnings.
Current Previous
Year.
Year.
42,541
49,408
12,788
61,135
37,299
124,808
11,858
43,885
Roads.
Ry &Po
Isl.
Jan.
1
258.371
99,331
379.146
196,411
116,457
463,196
43.756
178.962
18,994
72,136
179,207
714,294
19,509
49.856
30,419
116,109
315,325
224,497
94,555
84,450
42,642
143 693
77,076
57,142
230,876
12,507
58.013
70,609
29.262
105.432
57.347
46,642
178,846
11,748
47,991
6,675
22,974
Apr.
17,273
30....
fc3,423
30
Br'klvn.b —
to Mar. 31....
8,966
31,595
*1 1,857
43,987
&
Denver City Tr'mw
.Vpr.
to Apr. 30....
Apr. 30....
J.an.
1
Mar.
1 to
Detroit Clt's' St.Ry Apr.
Jan. 1 to Apr. 30
•'TTolt Elec. Ry..Apr.
Jan. 1 to Apr. 3o
Pt.W.&H
.Apr.
3'=3.017
189,416
100,582
391,152
34.178
137,620
16,168
60,284
150,928
589,056
16,476
51,382
28.184
102,509
288,127
5.041
23,018
74.690
311,907
6.739
12.338
11,934
43,738
119,430
249,811
1.843
8.602
7,125
25,105
85.440
1 to Apr. 30....
Oct. 1 to Apr. 30....
9.561
36,203
15.499
53.050
99,198
15,079
52,608
9.023
31,935
14,346
44,578
81,779
7,851
27.992
3,864
15,540
7.545
22.575
42,394
7,380
18,863
4.159
12,419
7,267
15.125
31,092
Rochester By. b—
Jan. I to Mar. 31....
232,646
205,953
88,545
85,372
United Trao (AlbaDy)b—
Jan. 1 to Mar. 31....
299,047
285.448
91.469
93.359
.Tan.
r..
1 to Apr.
30
Toral of all
Apr.
Jan. 1 to Apr. 30....
Galveston City Ry.Mar.
Jan. 1 to Mar. 31 ...
Northern OhioTrao.Apr.
.Tan. 1 to Apr.
July 1 to Apr.
Omaha & Council
Ry & Bridge
Jan. 1 to Apr.
.
.^O
30....
Bluffs
Pottsville Un. Trac Apr.
Jan. 1 to Apr. 30
aiohmond Trac'n...Apr.
Jan.
6.=i,065
Storms
year made
than they otherwise would have been, and increased expenses. Expensea were
further iDcreased by repairs to buildings.
jTaTes and tolls In April, 1900, were $12,314, against $12,749,
and from Jan. 1 to Apr. 30 $49,258. against $55,404. After deduotinsc
these items the net in April, 1900, was *23.8i7, against $18,289,
and from Jan. 1 to April 30. $88,231, against $54,612.
in April this
receipt.s smaller
Interest Charges and Surplus.— The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &c., with the
surplus or deficit above or below those charges.
,
Int., rentals, etc.
Current
Roads.
AtI)*Qta Ry. & Fow. Apr.
Jan, 1 to Apr. 3u....
Coney
isl.
&
Rochester RailwayJan. 1 to Mar. 31
UnitPdTrao. (Albany)—
Jan. 1 to Mar. 31
*
—
r-Bal. of Net Eam't.-H
Previous
Year.
Year.
$
$
Current
Previoua
Year.
Year,
9
$
12,398
47,332
10,069
41,458
9,076
18,067
4,751
8,725
76,293
30,° 88
61,468
65,700
21,651
43,312
•12,869
11,754
15,608
*8,191
7,611
14,035
73,620
72,735
*16,793
n4,812
58,654
62,813
*33,817
*33,747
Br'klyn—
Jan. 1 to Mar. 31
Oen^'r City Tramw. Apr.
Mar. 1 to Apr. 3o
After allowing for other income received.
ANNUAL REPORT'S.
52.608
Street Railway Net Earnings.— The following table gives
the returns of Street railway gross and net earnings received
this week.
In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads that is, we print each week all the returns received
that weefe-, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing re-
Atlanta
:3 1,038
{110,016
1,867
7.232
3,731
9,376
Cincinnati & Muskingum Valley Railroad.
{Report for the year ending Dec, SI, 1899.)
President James McCrea says
The business conditions throughout the year have been most satisfactory, and the transportation facilities of the company have been
taxed to the full capacity of its freight equipment. The physical con:
March.
Soranton Railway ..
Southwest Mo. Elect.
Staten Island Eleo ..
Syracuse Rap.Tr. Ry.
Toronto Ry
Twin City Rap. Tran
536.131
:i37,489
3.163
9.813
*3,762
14,766
R. T.Apr.
to Apr.
Year,
730,3^-8
Sacramento Electric
Ga8& Ry
1
Year.
55,082
203,016
8,533
27,993
10,570
33,674
Olev. Paliiesv. * E Apr.
Jan. 1 to Api'. 30....
*
13,257 11,997
52,487
42.588
12,554
9,621
25,97
20,217
4,340
16
4,050
875
16 084
5,115
3,760
18,879
13,598
7,93it
8,204
33,952
31,4b9
3,672
3,610
10.871
10,352
7,999
6,760
7,999
6.760
5,139
4,73t
10.732
9.790
17,226 13,014
48 897
37.891
315,462 280.760 315.462 280,760
135,6511 116,195
549,610 456,62^
1816445 118U01& 4,590,417 4,10i>.7b0
133 475 180,40f
619 283 493 274
5,434
17.HH
4,721
14,536
6,217
5,98.5
19.718
23,016
9,059
7,673
34.667
26.066
3 03t>
2,909
8.t)55
8 607
109,404 108,123 439,451
434,929
15,853
60,104
229,087
3t»
'
14,255
Net Earnings.—
Current Previous
Earnings.
Current
Previous
Year.
Year.
l>et.
AmBterdam
—
— Qross
STREET RAILWAYS AND TRACTION COMPANIES.
b.Apr.
Jan. 1 to Apr. 30
Blsghamton St Ry.Apr.
Jan. 1 to Apr. 30
dition of the property has
Earnings, Etc.
been maintained in every respect.
— The earnings, charges, etc., have been
:
EARNINGS AND EXPENSES.
1899.
Earnings—
1898.
1897.
1896.
$
$
$
120,621 115,448 112,059 115,257
339,590 323,037 282,430 242,168
53,016
53,492
51,969
53,210
$
Passenger
Freight
Mail, express, rents, etc
Total
Operating expenses and taxes
513.227 491.977 446.458
390.380 402,266 407,645
122,847
Net earnings
89,711
Interest on bonds is $60,000 per annum.
GENERAL ACCOUNT DECEMBER
Br.
Road, equipment, &c... $3,500,000
29,685
Supplies on hand
191.801
Cash
19.711
Accounts due
7,3-57
Miscellaneous
Total
.$3,748,554
38,813
410.634
342,380
68,254
31, 1899.
Cr.
Capital stock
$2,000,000
First mortgage bonds.. 1,500.000
Accrued interest
25,000
Accounts payable
77.631
Miscellaneous
Income account
Total
46.380
99.543
$3,748,554
-V. 68, p. 1072.
Cleveland & Marietta Railway.
{Report for year ending Dec, 31, 1899, J
Net Earnings.
The report says: " The Pennsylvania Company, the guarCurrent Previous
Year.
Year.
antor of the principal and interest of your funded debt,
having signified its willingness to operate your property for
14,820 cost, including taxes, and after paying interest on your mort21.474
50,183
65.399
gage obligations, to turn over to your company the net
2,997
4,617
9,23D revenue remaining from such operation, your entire property
18,280
—
—
—
:
.
was turned over
to the
Pennsylvania
Company
at midnight,
31, 1899."
The
and the balance sheet have been
EABNINOS AND EXPENSES.
results of oparation
1899.
Earnings—
1896.
1897.
1898.
:
Mail, express, etc
Total
Expenses—
Maintenance of way, etc
Maintenance of equipment
Conducting transportation
General
Taxes
507,980
421,987 355,720 360,308
144,'i22
117,771
38,244
170,086
15,843
13,223
133.884
36,745
146,982
16,4«8
12,553
92,014
42,230
145,947
15,668
12,180
355.167 346,662
9,058
66,820
712
691
308,039
52,269
4,107
75,213
210,408
17,694
14,146
461,981
Total
NetearninRS
45,*'93
Miscellaneous
46,690
Total
66,820
9,775
56,250
&o
56,260
56,250
56,258
56,250
56,659
def. 9,568 8r.l0,570df.46,884
Total
Balance
BALANCE SHEET FOE TEAR ENDING DEC.
31, 1899.
Accrued
loss
on bonds..
fay
rolls
Due
other companies.
9,375
49,906
and vouchers.
> 6,933
120,000
3,516
.
Miscellaneous
Total
$3,519,730
Total
$3,519,73
j
69, p. 1345.
Ohio River Eailroad.
(Report for the year ending Dee.
31, 1899.)
Vice-President and Gsneral Manager George A. Burt,
under date of April 23, says in part
The gross earnings were $223,926 in excess of any previous year.
The net earnings exceeded those of any other year by $126,653,
although these were considerably reduced on account of charges to
operating expenses for such improvements and additions to the property as have heretofore been charged to capital account. There has
heen a great Improvement in the matter of rates, an absolute maintenance of which has been enfomed. The average rate per ton per
mile was '681 cent, as compared with "596 cent during the previous
year, an Increase of "035 cent, or 14-26 per cent. The average number
of tons of freight hauled in each train was 304 tons, compaied with
312 tons in 18i*8. Uader contracts with the Pennsylvania lines, the
Norfolk & Western Ry. and the Cincinnati Portsmouth & Virginia RR.
throush service between Pittsburg and Cincinnati was established
Nov. 19, 1899, operating two solid trains composed of this company's
equipment between the above named points daily. The success of
this nas already been demonstrated.
During the year there were 72,123 ties renewed, and 2*70 miles of
main track were relaid with new 75-pound steel rails. The amonnt of
ballast used was 81,027 cubic yards, mostly gravel, with some cinder
and a small amount of slag and stone
The prospects for business are now much more encouraging than
last year.
EABNING8, EXPENSES AND CHARGES.
1899.
Earnings—
1898.
1897.
1896.
$
$
$
$
515,^^68
371,448
618,134
58,^94
52o,<^26
370.097
542,889
57,175
365,430
54S,149
51,618
1,192,596
958,419
965,197
970,023
Maintenance of way, etc. 230,257
Maintenance of equipmt. 118,187
191,215
97,228
294,730
42,841
31,448
"'3,087
182,754
113,552
308,324
37,295
29,005
Passengers
Freight
Mail, express, etc
Year.)
1896-7.
riS mos.)
$
682,298
$
593,241
$
561,196
3,750.788
153,411
3,272,218
167,307
2,897,165
149,405
Total
4,586,497 4.032,7b6
Oper. expenses and taxes. 3, 11 2,260 2,669,2^3
3,607,766
2,197,643
Earnings—
Passenger
Freight
Mail, express, etc
5/, 037
<:;onducting transp't'n.
..
General expenses
Taxes
330,733
44,422
31,952
2
83,022
298,915
38,273
26,815
18956.
(Year.)
576,678
2,£06.955
142,982
3,226,615
2,057,643
Total
1,148,583
1,161,970
1,131.668
1,129,5<?3
Balance to lessee
8r.325,654 6r.201,563 8r.2S0,e00 sur.37,304
The balance sheet on Dae. 31, 1899, was as follows:
Assets
BALANCE SHEET DEC.
—
1
31, 1899.
Liabilities
—
Road and equipment..$19,354.980 Capital stock
Cash
50,57o Funded debt,
in sinking fund
118,961
agencies...
Total
-V.
6,426,290
88,255
122,840
16,837
2,868,878
Due on div.& coupons.
Due on betterments..
261,211 Due individuals
Lessee materials account
Now York
$11,247,529
less b'ds
984,906
Bal.
Income account
.
Total
$20,770,628
$20,770,628
70, p. 583.
Terre Hante & Logansport Railway.
(Report for the year ending Dec. 31, 1899.
The Terre Hante & Logansport Railway Co. owns and
since Dec. 1, 1898, has operated the property formerly owned
by the Terre Haute & Logansport RR Co. The Pennsylvania Company has loaned this company $100,000 to be used
in improvements and bettermants to the railway and charged
to capital account.
The present rate of interest on said loan
is
4 per cent per annum.
EARNINGS, EXPENSES, ETC.
^Year end.
1899.
Earnings—
Pa- senger earnings
Freight
Express, mail etc
-Year end. Oct.Zl.
18<16.
1897.
Dec. 31.
1898.
$
$
168,227
486,6P0
39,909
$
161,375
421,652
39.a78
169,542
395,710
30,467
694.826
622,415
595,719
92 035
110,858
99,722
288,988
14,623
$
182,770
546,190
37,603
Total earnings
766,563
Operating expenses
Maintenance of way &struc. 99,505
Maintenance of equipment.. Ill, 4(^9
Conducting transpoitation.34p,1 95
59.755
General expenses
92.160
89,309
54,226
92,282
266,040
15,224
560.58"
134,239
465,581
156,834
324,8.)2
Total operat'gexpen8es.6 18.924
147,6i0
Net earnings
.
514,192
81,527
INCOME ACCOnNT 1899.
Net earnings
Interest
$147,640
73,fM9
_ ..
9,0C0
55,799
Rental
Betterments.
Total Income
Balance, surplus
B.ALANCE SHEET DEC. 31, 1899.
Assets
Liabilities
'
Railway and equip
Supplies
Total
Expenses —
1898.
(
Net earnings
1,474,237 1,363,533 1,410,123 1,168,972
Deduct —
Dividend fund
786,974
786,976
786,976
786,976
Interest on bonds
299.478
303,210
305.970
314,320
For malnfg organization.
10,000
10.010
10,000
10,000
Rentals
37,287
66,516
29,337
28,722
demption accounts..
Loans
99.870
33,289
F0,271
31.802
Authorized betterm'ts.
int.
1899.
(Year.)
Sinking fund and re-
Capital..
$2,000,000
First mortgage bonds.. 1,250,000
$3,223,459
32.129
10,755
8.156
Cash
Due from agents, etc...
Dae from other comp's.
Due from individuals
and oomp anies
Material on hand.
—V.
56,250
8ur.l26
Liabilities—
AsSBtS
Cost of road
and
66,250
403
8
Cleveland & Pittsburg Railroad.
(Report for the year ending Dec. 31, 1899.
The annual report says the issud of S1.25,0C0of general
mortgage bonds, Series C, was made, to apply on the amount
due the lessee company for betterments
EABStNGS, EXPENSES AND CHARGES.
56,376
Deduct—
Interest on bonds
Interest on floating debt,
Lxx.
rvoi..
-.
$
$
$
167,471 126,764 106,062 122,933
214,885 191,3 2 159,505 144,121
76.346
86.333
73,9-9
105,861
16,908
16,166
19,763
17,518
Merohandise
Coal
Passengers
Profit
.
THE CHRONICLE.
1046
Dmi.
JJ
:
Cash
Due by
Due by
Due by
Due by
agents
$3,670,316
25,569
96.367
22.494
Express Co
U. 8. P. O. Dep.
747
5.741
7.335
other cos
$138,318
$9,322
—
Capital stock
$2,000,000
First M. 68 RR. Co
500,000
Obligation 4 percent.. 1,060,000
Penna Co. loan
ItO.OOO
Accounts payable
Agents drafts, etc
Due RR. Co. receiver...
Interest accrued
Due other companies.
.
Balance, surplus
Total
755,551
437,015
Net earnings
Per cent of exp. to earns. (63*35)
657,462
300,987
650,142
315,055
(65-59)
(67-35)
261,679
9,576
22,119
260,904
9,446
18,208
669,930
300,093
(69-06)
Rentals
Car trust
int.
and misc
261,880
9.571
26,^81
253.785
9,284
15,311
298.332
293,374
288,558
278,380
8ur.l38,713 8ur.7,613 8ur.26,497 8ur.21,713
Total
Balance
BALANCE SHEET DECEMBER
Assets-^
1898.
1897.
1896,
$
$
$
$
Road and equipm't.. 11,178,087 11,172.807 11,103,322 11,105,121
Bonds owned
223,000
223,000
249,481
247,330
Advances
134,814
40,741
28,378
125.168
45,741
30,095
113,189
52,530
30,695
96,849
47,686
25,153
63,870
116,094
58,746
135,043
39,685
93,y92
55,350
85,248
11 ,784,986
11,790,601
11,682.894
11,662,757
5 ,915.431
5,915,431
5,148.038
172,000
5,915,431
5,178.088
150,000
120,849
31,9H4
44,258
10,901
31'J,678
5,915,431
5,191,918
237,000
127.551
34,312
44,258
51.180
189,050
.11,784,936
11,790,601
11,632,891
Materials on hand...
Cash on hani
Due from ag'ts,
rall-
r'ds, poat-oflioe,
&o.
Mlsoellaneoua
Total
Liabilities
—
Stock
Bonds & equlp.trusts. 5 ,137,755
—
December
Bills payable
Audited vouchers
Pay
rolls,
Accr'd int. on bonds..
Miscellaneous
Income account
Total
-V. 69, p. 906.
187,000
85,883
40.207
44,258
55,773
129.:^87
34.721
44.25H
40,748
193,310
211,266
11,662,757
Cipltal stock
$130,917
able
Investments
8.265,602
Debts
Balance profit and loss
$3,396,519
—V. 70, p. 482.
1F99.
$3,823,569
Liabilities —
Assets—
Cash and debts receiv-
Total
31.
,
Total
American Pneumatic Service.
{Balance Sheet March 31. 1900.)
Deduct—
Interest.
$i,823,569
Total
—V. 69, p. IS05.
96,579
3,413
7,832
15,000
20,190
25,555
Total
$8,362,850
20,552
13,117
$8,396,519
American Steel & Wire Company.
(Comparative Balance
Sheets. J
as of March 1, 1900, filed in Massachusetts, compares with that in the report of Dec. 3 l. 1899, and
with that of July 1, 1899, furnished to the New York Stock
Exchange, as follows
Mar. 1, 1900. Dec. 31, 1899. July 1, 1889.
Assets—
$
$
79,629.513
75,446,634
79,885,957
Plant, etc
receivable.
12,030,136
11.472.514
8,918.374
Cash and debts
13,429.389
10,995,446
7,587,446
Stock in process
5,403.242
2,503,349
4,061,475
Miscellaneous
The balance sheet
Total
Liabitities—
Capital stock.
Debts
Reserve
Balance profit and loss
Total
—V. 70, p. 947, 896.
107,798,831
106,161,948
97,355,695
90,000,000
3,163,647
12,188,790
90,000,000
4.899,418
1,200,000
10,062,530
107,798,831
106,161,948
97,355.695
90,000.000
4,134,102
1,475,9.<9
4,V92',048
2
:
May
Total profit
$184,452
22,847
257,376
£ 00,000
$764,675
$770,135
245,140
Balance
year's dividend on preferred shares
Surplus for year
and
loss
March
31,
$524,995
94,441
1899
Total profit and loss surplus as per balance sheet
$619,436
Further deductions —
Dividend 30 cents per share on common stock, being 10
per cent on amount paid in
$360,000
Expense of completing establishment of company
99,186
Carried forward to next account
$160,250
This amount is subject to three months' proportion of dividend on preferred shares to March 31, 190O, amounting to
$61,131, and to a percentage on the net profits, payable to the
executive committee.
BALANCE SHEET MABCH 31 1900 (SEE
Assets—
Plant, Mar. 31, 1899.. $10,587,91
Addit's and Improv'ts.
530,203
Patents acq. this year.
9,517
Advances for cotton,
211,P41
779,194
439,182
19,042
3,362 582
97,646
99,186
duties, etc..
Sundry debtors
Cash
Office furniture
Stock in trade
Sundry investments..
Exp'sof establ'gco...
Total
$16,136,105
v. 70, P. 180).
Li bilities—
Pref. shares (fully pd.). $4,890,475
Common
stock
a3,600,000
Sterling bonds
5,798,<'00
Thread
Kerr
bonds....
6519,937
luterest accrued
64,122
Sundry creditors
210,828
English Sewing Cot-
ton Co., Limited
Depreciation fund
Profit
and
.'S8,306
375,000
619,437
loss acoD...
$16,136,105
Total
a The 1,200,000 shares of $5 each are 60% paid, viz.: in all, $3,600,000.
6 Payable July 1, 1902. The $519,937 includes the premium.
The report is certified to by Messrs Jonep, Crewdson and
Youatt, auditors, of Manchester, England, who were reelected. The entire issue of common stock, it is understood,
is owned by the Eaglish Sewing Cotton Co.— V. 70, p. 998.
Colambns & Hocking Goal k Iron Co.
{Report for the year ending Mar. 31, 1900.)
President J. E. Knapp says in substance:
The production of coal from April Ist, 1899. to April 1st, 1900, was
466,588 tons, an increase over the previous year of 101,730 tons.
This reflects the favorable conditions of the coal trade during the last
six months of that period. From April to October, 1899, the business
showed a loss of 3,<^36 tons. The outlook for general tonnage the
present year is good; the lake conditions are also much more favorable. To meet the growing demand for our coal, we are opening up
a large mine at Doanville, on your property, and we expect to commence mining coal in July, 1900. In the course of a year we shall
have an annual capacity from that mine of about 400,000 tons.
We have purt based during the year for our sinking fund, $23,000 of
the first mortgage bonds, at 80 per cent, which, together with $82,000
previously purchased, makes in all $105,000 held by the trustee.
The earnings and balance sheet have been:
EARNINGS, EXPENSES AND CHARGES.
1899-00.
1898-99.
$
$
Earnings
Operating expenses
450,979
349,840
320,316
2-4,333
Net earnings
101,138
45,612
6,450
35,983
45,750
10,818
,
Interest on bonds
Balance
off,
1897 98.
$
309,745
273,400
36.345
4 6,!^
00
sur. 49,076
def 36,487 def.23,885
.
RESOURCES AND LIABILITIES MARCH 31, 1900.
Liabilities—
Bills receivable
Inventory
Stocks and bonds
advanced
coal not mined
Royalties
by
Central Trust o. sink. f.
Sinking f. bond int. aoc'd
Sinking fund tonnage tax
Land contracts
<
Total
Pay-rolls
Bond interest accrued..
.
Taxes accrued
4,15^9
47,420
417
Royalties advanced to us;
1,312
10.574
9,631
Contract land account...
Furnaces, land, &o., sold.
Ill
10,574
19.194
9,368
25,910
coalnotmined
$136,390
$148,224
Total
liabilitleB
CAPITAL ACCOUNTS MARCH 31, 1900.
—
—
Assets
Real estate
$2,633
43,045
8,857
12.500
payable
Aocounts payable
Bills
Insurance accrued
Sinking fund lax accrued
$284,614
Resources over
& improve-
ments
$5,037,497
Balance, resourcesover
liabilities
148,224
Profit & loss Apr 1,'99
741.b54
Total
.$5,977,575
Liabilities
First mortgage bonds..
$895,000
New common stock
Old common stock
4,.'i93,300
Pref. stock outstanding
Profit and loss
106,700
333.499
49,076
$5,977,575
Total
-V. 69, p. 540,
Kings County Electric Light & Power Co.
(Statement of
May
1,
1900. J
The following shows the surplus income for the period
ending Dec, 31, 1899; also for the period from Jan. 1, 1900, to
May
1,
1900:
1900.
1,
Liabilities
stfipl.fi-^
$3,143,261
Property
Central Tr. Co., trustee. 1,000,000
Stockinothercompan's 5,175,770
Discount
100,000
Bills receivable
175,000
A ccounts receivable
950
64,044
Cash
Total
.$9,659,025
—
$1,950,000
2,500,0^0
Capital stock
mortgage 5s
Purchase money 6s
Profit and loss
Accounts payable
First
5,17.^,900
25,474
7,6 5
$9,659,025
Total
-V. 70, p. 899.
Laclede Gas Light Company.
tatement of March 31, 1900. J
The New York Stock Exchange has listed $514,400 additional common stock, making the total amount listed to date
|8,014.4C0. The new issue is part of $1,000,000 authorized
Jan, 23, of which the remainder will be full paid by March
The resolutioa of the directors in regard to the
15, 1901.
(i.
new
stock is as follows:
That $250,000 of the present surplus be appropriated to the paym^nt of 25 per cent of the par value of each of said shares, and that
said shares so in part paid be oflfered for subscripton to stockholders of
ord Feb. 24, 1900, pro rata, at $75 per share, payable all in cash on
March 15.1900, or at the option of the subscriber, la three instalments of $25 each, on the 15th days of March and September, 1900,
and the 15th day of March, 1901, with the right to anticipate the payment of any or all instalments.
rec
The following statement shows the additions and improvements to the property since the organization of the company in 18b 9:
r— Capacity (cubic feet).—
Oas,
Dady
production.
3,300,000
6,850,000
Storage
capacity.
Consumers'
street
mains.
metres.
(mites.)
(number.)
19,017
65,584
300
4,.^00.000
444
1900
5,500,000
Ttie capacity of the electric-light plant has been increased
from 7( to 2,200 horse power. The actual cost of these improvements to Dec, 31, 1899 ($2,560,861), has been paid in
part by the issue of ;t85f>,000 first mortgage bonds and of
$.500,000 certificates of indebtedness, the balance having been
paid out of earnings. It is proposed to devote the proceeds
of the new stock to pay for extensions, betterments, improvements, or to satisfy scrip or evidence of indebtedness heretofore issued for such purposes, and for no other purposes.
1889
Jan.
1,
BALANCE SHEET MARCH
AssstS—^
Plant (Jan. 1, 1900). .$21,732,137
Construe, during year.
44,S59
Materials and suppUes
Miscellaneous
Bills, current month.
Bills, arrears
Ledger accounts
Cash
Total
92,g44
24,428
147,323
10,888
30,906
200,173
$22,283,558
31, 1900.
Liabi'.i'ies.
$2,500,000
7,500,000
514,400
new issue.
do
H5,P25
part paid.
do
10,000,000
Bonds
500.000
Certificates of indebt.
55,021
Accounts payable
99,303
Consumers' deposits..
6,260
Taxes accrued
331
Unpaii dividends
104,950
Coupons accrued
887,668
Undivided profits
Preferred stock
stock
Common
Total
$22,283,558
059, 1898, $969,396; 1899, $1,028,749.
Directors: Emerson McMillin and Frederick Edey, New York, and
James Campbell, Isaac H. Lionberger, George A. Madill, J. C. Van
Blarcom, John ScuUin, P. J. Doerr and Harry Scullln, St. Louis.— V.
70, p. 636.
15,902
$21,941
88,641
3,783
98,458
2,436
BALANCE SHEET MAY
A
sur.49,076 def.20,585 def.23,885
advanced
Resources—
Cash
,
Accounts receivable..
1,
13,730
royalties
Balance for year.
May
1900
$78,781
IJ^ per cent has been declared,
payable out of the surplus earnings of the company June I,
1900, to stockholders of record May 21, 1900,
Total credit to
A quarterly dividend of
Following are the earnings for the last three years, after
deducting all charges except interest on bonds: 1897, $833,-
Taxes and insurance
Depreciation charged
Net earnines Edison Co. (after deducting all fixed
charges of Edison and Kings County companies) Jan,
1, 1900. to May 1, 1900, to be transferred to Kings
County E, Ii. <fe P. Co. under lease agreement
42,757
$1,534,810
Total deductions
profit
$36,024
Total
..$1,521,173
13,637
Deduct—
General management expenses
Interest account
Bond Interest paid and accrued to date
Depreciation account
us;
1047
1899,— To Income received from guaranty fund investments... $14,926
American Thread Company.
Surplus carried over from 1899
$14,926
1900.—
^Statement for year ending March 31, lOCO.J
Interest received and accrued from guaranty fund in21,038
vestments to May 1, 1900
annual statement was given last week (page 998), Fur-
Tlie
Add
1
.
^
THE CHRONICLE.
26, 1900.]
ther facts follow
By balances from aocounts of subsidiary oompanies
By profit on exchange
One
.
.
,
Lanston Monotype-Machine Company.
CReport for year ending March 1, 1900, J
At the recent annual meeting of stockholders at Alexandria, Va., President J, Maury Dove said in part:
End of Belay in Manufacture.— The delay in the delivery of casting
machines undf r the five-year contract made with the Sellers Company
in March, 1899, has been a source of great disappointment, but it was
deemed inadvisable to rush into this manufacture and involve the
company in the expenditure of several hundred thousands of dollars
until the machines had successfully demonstrated their perfect
adaptation to the wants of the printlrg trade. Only troubles of minor
importance occurred, but if these faults had been carried into the
manufacture of a large number of machines they would have been extremely detrimental to your Interests. The delay is now at an end.
Our pneumatic key-boards are issuing from the factory at Woonsocket, R. I., at a commercial rate, and a number of them have gone
into use. Two casting machines have been delivered by the Sellers
Company and others will shortly follow— slowly at first but soon at
the rate of one a day. The work In the shops in Washington— where
everything necessary for the machines is made outside of the keyboards anU casting machines-has been progressing most favorably.
In four of the seven offices In which your full font machines are In
operation, additional machines were ordered after a thorough commercial test, extending over several months in each case.
Pro^7s.— During the year the company, with but fifty machines delivered to it from the factory, did a gross business of $257,187, and
the cash receipts amounted to $200,239. The profits on sales amounted to $36,543. Therefore, with the 200 machines to be delivered and
built at a cost of $734 each less than those now in use, a good dividend ought to be earned during the current fiscal year. Every safeguard possible has been thrown around your patent rights, and I feel
confident that you are masters of the situation in your line.
—
.
.
J
:
Type Founding Apart from Oomposition.—One ot the Important developments of the year has been the use of your machines in the mannfacture of special fonts of type. To this end we have prepared a
series of faces, and through the use of your machines an olflce can
make for Itself all the type it needs at a cost of but one-fourth of that
charged by tyne foundries. Your machines also make all sizes of
quads, up to two ems, and all special sorts. All your machines, without exception, are giving absolute satisfaction. The plant of machines in the oiHce of the "New York Sun" has particularly shown the
great advantages in the field of type founding work, over ten tons of
type having been made by It with a saving of many thousands of dollars. These machines, when not on actual copy, are used for casting
special types for advertising purposes, hand work, etc. Yoa have not
only an order to install tlfceen more macliines in the office of the
"Sun," but the managers of that paper are daily urging you to carry
out this contract that they may be enabled to do the entire oompo-itlon of both the uiurning and evening editions by means of the
Lanston machines.
BALANCE SHEET MARCH
Assets-
Cash
$94,39'5
3.692
112,222
Stocks, other CO' 8
515,428
Advance on contract.
60,000
Office furniture
1,749
Patents
26,208
Machinery
59,865
Mater'ls, machines, &c.
200,818
Bights and franchises. 5,000,000
Bills receivable
Open accounts
1900.
Liabilities—
Capital stock
$2,905,^40
"
" unissued.. 2,094,7f0
Balance of assets
1,074,379
1,
.
Total
$6,074,379
Total
$6,074,379
Of the $5,000,000 capital stock, the directors are authorized to
issue stock to the amount of $4,000,000 only. The stocks owned in
other companips ($515,428) above are: 23,181 shares Colonial Syndicate and 83,333 shares Lanston Monotype Corporation. Directors are:
B. F. Cole, W. H. Goadby, Wen. H. Hoeke, Tolbert Lanston, J.
Maury Dove, Geo. B. Hamilton, Wm. M. Laffan. J. C. Maben, W. E.
Strong. B. F. Cole is Secretary and Treasurer, Washington, D. C.
Louis Terminal Capples Station & Property Co.
(^For the fiscal year ending May 1, 1900.
The following is furnished to tha Chkonicle:
St.
18P9-00.
18P8-9.
(12 wos.)
(\2mos.)
(ISJ^ mos.)
Receipts from rent, etc
$309,640
Exp. of every kind, including taxes... 71,456
$302,970
67,176
$311,740
68,071
Net earns., exclusive of int. on bonds. .$238,1^4
Int. on $3,000,000 bonds at4iap. c... 135,000
$ J35,794
$243,669
151,875
135,000
1897-8.
"Dividends
Balance to profit and loss
*5 p. c. on preferred stock in
1898-9 and 1 p. c. in 1899-1900.— V. 6 J,
secure $1,000,000 of 40-year 5 per cent bonds, of which about
$500,^00 will be used to retire at once all existing bonds,
these last being subject to call at 105. The balance of the
new loan will be used for improvements, etc. Tbe entire
it=sne, $1,000,000, has been sold to a syndicate headod by the
Mercantile Trust & Deposit Co. of Baltimore, $5^0,000 having
been taken by the New York Security
Trust Co, of this
&
city.-V.
70, p. 175.
Biddeford
half a cent a mile, proved unprofitable, as was often predicted
by outsiders acquainted with street railway matters would
be the case.— V. 70, p, 944, 840.
Camden Gloucester & Woodbury
(Electric)
Railway.—
Purchased.— Thomas A. Nevias, of Orange, in connection
with Senator Thomas N. McCarter, Jr., of Newark, has purchased control of the property.
Centralia & Cliester RR.—Sale Confirmed.— Judge Allen,
in the United States Circuit Court at Springfield, 111,, on
May 18 confirmed the sale of the road to John R Walsh of
Chicago for $450,000. The Illinois Southern RR. h^is been
organized, with $2,000,000 of authorized capital stock, to
taSe over the property.—V. 70, p. 995.
Chicago Burlington & Quincy RR.— Purchase of Stock.
It is common rumor that Kuhn, Loeb & Co. have uurchased
—
a large block of the stock, but, it so. whether in the interest of any of the properties with which the firm has lately
been identified does not appear. V. 70, p. 944.
—
Chicago Consolidated Traction Co. New officers. —The
following have been elected directors and ofl&cers of this
company, purchased by the Union Traction Co. per plan in
V. 6^,
p. 134=)
Directors.— JohnM. Roach (President), Edwin 8. Harwell (Vice-President). C. F. Marlow (Secretary and Treasurer), T. C. Hammond, J. A.
Rose and Paul 0. Stenzland.
Mr. Roach succeeds Charles T. Yerkes,
who
has practically
retired
for 1 sh^re full paid of the
new company.
The new company will be incorporated under the laws of
New Jersey and will be "The American Railways Co."—V.
70, p. 893, 381.
Amsterdam-Hagaraan (N.
Y.) Traction
Co.—Incorporated.
—This company was incorporated at Al oany on May 24
with
authorized capital stock of $100,000, all common. Directors:
William K. Archbold and Robert R. Beid of New York, Paul T
Brady, Robert E. Drake and Simon B. Storer of Syracuse, J. George
Kaelber of RochestPr, W. Barlow Dunlap and Lewis E, narrower of
Amsterdam and William H. Cornell of Bufl^alo.
The company will operate a line from Amsterdam toHagaman, 5 miles, in connection with the plant of the Empire
State Power Co., a company organized by the same inteiests
a year ago with authorized capital stock of $1,500,000. It is
possible the Traction Company will purchase the Amsterdam
RR.
&
Sontliern
& Arkansas RR. below.
Atlanta (Ga.) Railway
& Deposit
Rj.— Acquired.— See
& Power Co.—New Bonds.— The
Co. of Baltimore, ia connection
with Atlanta and other capitalists, has purchased $3,500,000
of the company's new 40 year 5s. These bonds are secured
by a mortgage for $5,000,000, of which $3,250,000 are reserved
to retire the underlying bonds, including $2 025,030 Atlanta
Consolidated Street Ry. 53, which will be called and paid off
at 107J^ in 19ii4. No dividends, it is provided, shall be paid
on the stock until the old 58 have been extinguished.
The City Council of Atlanta on Tuesday gave the Atlanta
Railway & Power Co. a franchise for both public and commercial electric lighting. The proceeds of the bonds now
Bold will provide the means to establish this new service and
to meet the cost of the new central power station aleo of new
rolling stock, heavy rails and extensions.— V. 70, p. 125.
Augusta (Ga.) Railway & Electric Co.—New Mortaage.The company has arranged to make a new mortgage to
;
common
of 3
stock with an extra dividend of 3^ of
70, p. 941.
—
& St. Lonis Ry. Mortgage Filed The
the consolidated mortgage to the Colonial
Trust Co. of New York aad Fbilip S. Babcork, as trustees,
to secure $^,000,000 thirty-year 5 per cent bonds.— V. 70, p. 429.
Chicago Peoria
Stock Realjustment.—R'^teTTiD.g
to the plan for reaiju^ting the capital stock (see V. 70, p.
893) Sacretary C. L. S. Tingley writes us as follows:
The company formed in West Virginia, called " American Railway
Company " (V. 70, p. 944), is not the proposed suocessor of this company, and the title was used against the protest of this company.
Judging by their advertisement, they are a company organized for the
manufacture of scenic railways for amusement park purposes.
The proposed authorized stock issue of our new company will be
$25,000,000, par $50. The amount of the first issue will be $3,75u,000.
just enough to retire the stock of the existing company on a hasisof
the cash paid in. There will be but one class of stock, and the par
value will be $50. It is not proposed at this time to issue any bon a,
though this contingency may aiise at any moment in the purchasing
of properties. The basis of exchange is, as you state, 623 shares, $7 50
Mercantile Trust
issue
proposed.
Brooklyn Rapid Transit Co.— Fare to Coney Island.—The
company proposes on May 29 to advance the fare to Coney
Island from 5 to 10 cents. The lower rate, equal to about
per cent on the
1 per cent.— V.
RAILROADS, INCLUDING STREET ROADS.
Arkansas Lonisiana
is
—
American Railvrays Co.
Louisiana
& Saco (Electric) HR.—New Bonds.— An
of $3oO,000 4 per cent bonds
company has
company
LXX.
company has declared the regalar semi-annuil dividend
p. llOtJ.
GENERAL INVESTMENT NEWS.
paid, of the present
[Vol.
from the surface lines. The retiring direct >r3 are
$103,184
$100,794
$91,794 John R. Welsh, Harvey T. Weeks, Ben B. Limb and L. S.
70,000
90,000
!?sley.
Headquarters have been removed to 444 North
Clark St.—V. 70, p. 429.
$33,184
$10,794
Chicago & Eastern Illinois RR. Extra Dividend. The
both years and 2 p. c. on common in
Net profits for the year
Street
—— —
—
:
THE CHRONICLE
1018
The
—
filed
Cleveland Terminal
Mide
Subject to Call.
&
Valley Ry.— Pari of the Bands
block of first mortgage 53
—The large
&
held by Brown Brothers
Co., constituting the greater part
of the $5,515,000 issue, were sold some time since to the
Baltimore
Oliio RR. Co., and are now being marketed,
&
having been stamped with a provision making them subject
to call at par and interest on and after May 1, 1904. V. 83,
—
p. 791.
Cottage City (Mass.) Street Railway.—Saie July 2.—Bj
virtue of the power of sale contained in the mortgage, this
property is advertised to be sold at auction on July 2 at the
office of the International Trust Co., Boston, the mtge. trustee.
Eel River RR. Decision Revoking Charter. The Indiana
Supreme Court on May 18 affirmed the decision of the lower
court declaring the charter forfeited, the company having
leased itself to the Wabash RR., a competing parallel line.
(Bee V. 64. p. 10S9.) Oa Sdpt. 8, 1897, Richard Ruddell, of
Kokomo, Ind., was appointed receiver. President Ashley of
tbe Wabash savs
I suppose that it will necessitate some new arrangement with the
Eel River road, but I cannot tell what will be done until thrttextof the
decision is received. We know that the lease has been declared invalid,
but its abrogation does not afl'ect the Wabash in any important matter.
—
-V.
65, p. 462.
Fonda Johnstown & GloversTille RR.— iVew
Stock.
— The
shareholders will vote June 8 upon a proposition to increase
the capital stock from $800,000 to $600,000.— V. 65, p. 111.
Grand Rapids Railway. Bonds O^ered.— Richardson &
Clark of Providence are offering the company's first mortgage 5 per cent bonds, due 1916. These bonds are ''a firat
and only lien on the street railway system of Grand Ripids,
Mich., the population of which is 1(10,0' 0.
The company
operates 50 miles of road. Gros? earnings. 13 months, $186,161; net earnings, $215,209; interest on bonds, $125,000."— V.
70, p. 841.
Illinois
Southern
RR.— Reorganized Company.—This
company has been incorporated with a
capital stock of
Ches;er RR. re$2,000,000 to take over the old Centralia
cently foreclosed.— Sae that company above.
&
Kansas City St. Joseph & Council Bluffs RR.— Called
Bonds. The following first mortgage 7 per cent bonds have
been drawn for payment at par June 1, 190 \ viz.:
Tarklo Valley RR. Co.. bonds of $1,000 each, Nos 21. 127, 139, 223,
—
224, 266, 296, 345. 383, 403, 409.
Nodawav Valley RR. Co. bonds of $1000 each, Nos. 6, 30, 44, 91, 95,
114, 138,267, 314, 338.
They will be paid on presentation to the trustees on and
after June 1, 190D, at No. 50 State St., Boston, interest
ceasing after May 31, 1900.
I
—
May
— — —
26, 1900.]
Kentucky & Indiana Bridge
—
& Terminal Co.— Monon to
vse Biidi,e. — On June 1 the Chicago Indianapolis & Louis
ville will begin to use this bridge to cross the Ohio River at
Louisville, instead of the Louisville Company's bridge, and
the Seventh Street Depot, instead of the Tenth Street Union
Station, for termina's.
At the time of the sale in foreclosure
in Jan,, 1900, tbe Chicago Indianapolis & Louisville, Southern
Railway and Baltimore
&
Ohio Southwestern RR.,
it
is
stated, each acquired a one-third interest.— V. 70, p. 280.
Lake Street Elevated RR. of Chicago. Hearing.— A hear
Ing on the application of William Ziegler for a receiver has
been set for May 28.— V. 70, p. 894, 687.
Leavenworth Bridge Co.—S<
— This
company's propbuilt at Leavenworth, Kan., in 1870-73 at a cost of $600,000. was sold Tupsday
erty,
Id.
embracing the original railway bridge
at aiiction to Simon Sterne, representing Emanuel L. Riser,
of New York and the Holland bondholders, for $10,000, the
npset price.— V. 70,
p. 742.
Lehigli Valley RR.— Car Trusts.— The company has sold
to Drexel
Co. of Philadelphia an issue of 4J^ per cent car
trusts, series ''D," principal and interest payable in gold,
maturing annually in equal amounts from March, 1901 to 1910.
Purchase. It is currently reported that the J, P. Morgan
syndicate has purchased an additional 66,600 shares of the
company's capital stock at $83 50 per $50 share, the total cost
being $3, 164,500.— V. 70, p. 791.
&
—
& Boston Street Ry. New Securities.—The
recently applied to the Massachusetts Railroad
Commission for approval of an issue of mortgage bonds to
the amount of $500,000, of which $250,000 may be issued
forthwith, and the balance to be issued only for future needs;
also for authority to increase the capital stock from $250,000
to $350,000. The stockholders will vote on May 29 to authorize the bonds.
Lexington
company
Louisiana
& Arkansas BR.
pany, whose road
now
Acquisition.— Thia comextends from Stamps, Ark., to Cotton
Valley, La., 39 miles, and from Sibley, La., to Salt Works,
40 miles, with branch from Taylor Junction, Ark. to Pomby,
28 miles, has, it is stated, arranged to purchase the Arkansas
La. & Southern Ry., extending from Cotton Valley to Sibley,
23 miles. With this accession, the Louisiana
Arkansas
RR. will own a continuous line between Stamps and Salt
Works, 107 miles. Extensions are proposed northerly from
Stamps to Hope and southerly from Salt Works to Trinity,
La., and Alexandria, La., on the Red River. William
Buchanan of Tex arkana, Tex., is President. General office
is at Stamps, Ark.
,
&
— ————
—
-
THE CHRONICLE.
1049
that our interests will not suffer through any action of the Pennsylvania people. The friendly relations between' the New York Central
and the Pennsylvania put that contingency beyond question. Negotiations are pending which nnay give the Central a voice In the control of the East River bridge at Ward's Island.
President Bliss, of the Boston & Albany, a few days ago informed
me that he thought the lease would meet with the approval of the
Maspachusetts State authorities.
I do not think there will be any change in the'policy of the Chesapeake & Ohio. The Pennsylvania and the New York Central have
equal representation In the board of directors, and Mr. Stevens, who
has been elected President, is a good man. There will be no change
in the relations between ( hesapeake & Ohio and Big Four.
The question of grade crossings is one of the most important— as well
as most expeusive— that is now occupying the attention of the New
York Central management. We are spending $3,( 00,000 in Syracuse
and something over a million in Albany. The extensive improvements
in Buffalo will cost in the neighborhood of $3,500.000.— V. 70, p. 946.
New Suit.— See New York & Harlem RR.
below.
Quarterly.— BiLTnings for the quarter and the nine months
ending March 31 were:
Gross
Net
Charges and Balance,
Other
Smog. end.
sink. fund.
income.
for divs.
March 31. earnings, earnings.
1900
$12,601,282 $4,470,7.53 $1,19.^,917
1899
11,267,592
4,036,705 1,054,031
9 months —
$4,272,154 $1,392,516
4,019,702 1,071,094
1899-0.. $41,044,462 $15,735,420 $3,445,122 $12,778,876 $6,401,666
1898-9... 35,672,740 13,253,770 3,238,625 12,279.339 4,213,056
Dividends in 1899-1900 call for $1,250,000 {l}i per cert) and
13,500,000 (3)^ per cent) for the three and nine months, respectively; in 1898-9, $1,000,0(0 quarterly.— V. 70, p. 946,
New York & Harlem ^^.—Suit
—
to Set Aside Settlement.
Miller, together ownHarlem RR. stock, have
William Starr Miller and Martha L.
R
ing 3,000 shares of the New York &
brought suit on behalf of themselves and other minority
stockholders to set aside the agreement under vrhich $200,000
of the annual saving in interest charges through the refunding of the debt is to go to the Harlem and $220, (00 to the
Central. See V. 70, p. 740.—V. 70, p. 895.
Northampton Street Railway Co. New Bords.—The
Massachusetts Railroad Commission has authorized the company to issue $200,000 mortgage bonds. V. 70, p. 842.
—
—
North Jersey Street Railway Co. Payment of Bonds.
The Belleville & Newark Horse Car RR. first mortgage 7
per cent bonds ($200,000) and Newark & Irvington Street
Railway first mortgage 6 per cent bonds ($iiO,000) maturing
June 1, 1900, will be paid when due at the New Jersey Title
Guarantee & Trust Co., 83 Montgomery St., Jersey City, N.
The bonds to be retired are underlying issues of the
J.
Newark Passenger Ry., one of the leased lines, consolidated
5 per cent bonds of which are reserved for that purpose. V.
—
70, p. 684.
Northwestern Elevated RR. of Ghicngo.— Operation.—
Louisville Eransville & St. Louis Consolidated RR.— President D. H. Louderback announces that the road will
Decision.— Jndge Woods in the United States Circuit Court begin operations on May 31 (see V. 70, p. 39, 76). Sixteen
at Indianapolis, Ind., on May 19, held that the $670,000 old of the twenty stations are expected to be completed on that
unexchanged second mortgage 6 per cent bonds of 1886 have date.-V. 70, p. 946, 687.
a lien on that portion of the road extending from New
Norton & Taunton Street Railway Co.— Netv Bonds.—The
Albany, Ird., to Mt. Vernon, 111., 183 miles, which is prior to Massachusetts Railroad Commission has authorized the comthe lien of the bonds of the same loan that were ex- pany to issue first mortgage bonds for $296,G00.—V. 69, n.334.
changed for consolidated 5 per cent bonds upon the formaPennsylvania RR. Posse sion Taken.— On May 15 the
tion of the company in 1889.
company
assumed control of the Erie & Western TransporOffer for Second Mortgage Bonds Declined, At the meettation
Co., recently acquired.— V. 70, p. 997, 946.
ing of the holders of the Louisville Trust Company's receipts
Netv York Transfer Offlce. The directors have voted to
for second mortgage bonds of 1886, held on May 17 at the
open
a transfer office in New York City in the Fall. It
Fidelity Trust & Safety Vault Co. in Louisville, the proposiwill probably be in the new building of the American Extion of settlement for said bonds was declined, and a comV. 70,
mittee consisting of George W. Norton, John W. Parr, Jr., change National Bank, Broadway ana Cedar Street
p. 997, 946.
and James W. Biyan, was appointed to negotiate with a
Peoria Decatur & Evansville Ry. Opposition to Conview of securing a better offer.
^'eQOtiation!>.—3. P. Morgan
Co. are negotiating for the firmation of Sale. The stockholders have filed petitions in
bonds of the Evansville Rockport
Eastern, having offered, the United States Court asking the judges in the districts
through which the road runs not to confirm the recent sale
it is alleged, par and interest less l)^ per cent for the bonds.
under the second mortgage. The hearing on the order for
—V. 70, p. 996, 945.
the confirmation of the sale of the Illinois Division has been
Lowell Lawrence & Haverhill Street Railway. Called fixed by Judge Allen for June 6.—V. 70, p. 997, 895.
Bonds.— The following first mortgage bonds dated 1893 have
Railways Company General.— Extensions. The new 17been drawn for redemption, viz., Nos. 150, 344. 379, 413, 526,
Seneca Lake Ry., of which the
571, 640, 655, 702, 831, 913.
These bonds will be paid at 105 mile line of the Elmira
and accrued interest at the office of the American Loan & Railways Company General owns 51 per cent, was opened
Trust Co., Boston, on and after June 2, 1900.— V. 68, p. 1133. to travel May 19, and is now in regular operation. The
Lynn & Boston RB. New Stock.— The [Massachusetts "Philadelphia News Bureau" says:
The new interurban line of the Michigan Traction Co., of which
Railroad Commission will hold a hearing May 29 on the comcontrol Is owned, connecting Battle Creek and Kalamazoo, 28 miles,
pany's request for authority to issue $1,500,000 of additional will be opened on the 29th of this month. The operation of the 22
miles of the Michigan system, already being used, It is stated, is restock.— V. 68, p. 927.
turning more than enough to pay for the operation of, and fixed
Metropolitan Street Ry. Tn Possession of Third Ave. RR. charges on, the interurban extension.
—The company took formal possession of the Third Ave. RR.
The Lewisburg Milton & Watsontown Ry., along the Sugquehann*
on Thursday. As to the new bonds of the Third Avenue and River, in Pennsylvania, whioh was purchased outright by the Railwaj 8 Co. November last, produced net earnings for the six months to
their guaranty, see that company below.
May 1 which exceed those of the same period the previous year
Elm atreet Connecting Ry. This company has been incor- by 60 per cent. This line is now being extended l^s miles from Watporated in the interest of the Metropolitan Street Ry. to sontown to Dewart.- V. t9, p. 1104.
build a line on Elm St., from Centre St. to Great Jones St.,
Southern Ohio Tradion Co. Mortgage Authorized. At
and through Lafayette Place, a distance of 6,000 feet, as a Hamilton, O., on May 16 the stockholders authorized a mortshort route for the Fourth Avenue line —V. 70, p. 996, 945.
gage to the Cleveland Trust Co., as trustee, to secure $2,000,Montgomery Hajneville & Camden VL^.— Proposed Sale. 000 twenty-year 5 per cent bonds, due May 1, 1920, to retire
The stockholders will vote on June 7 at Camden, Ala., about $1,300,000 existing bonds and for improvements.— V.
upon the sale ot 1% miles of right of way, partly graded, to 70, p. 895, 843.
the Louisville
Nashville.— V. 65, p. 368.
South Shfire Railway of Canada. Bonds.— It is proposed
issue $1,000,000 4 per cent 10 year debentures.
The road
to
North
Newark Passenger Ry.— Bonds to be Retired. See
extends from Sorel to St. Lambert, etc.. Que., 47 milts. P.
Jersey Street Rv. below.— V. 59, p. 969.
New York Central & Hudson River HR.—Exp'anation.— X. Choquet is President, Sorel, Que.
Peoria
Terre Haute & Indianapolis 'RR.—Terre Haute
President Callaway was recently quoted as saying:
Lease
Valid.
of
Appeals
Court
on
Circuit
The
United
States
The New York Central has not as yet been asked to share with the
Pennsylvania in the Long Island acquisition. It is certain, however, May 18 affirmed the order made by Judge Woods in March,
—
—
—
&
—
&
&
—
—
—
—
—
&
—
—
&
—
—
—
:
THE CHKONICLR
J050
—
[Vol.
LXX.
1898, directing Receiver Volney T. Mallott to pay one of the
overdne coupons on th^ Terre Haute & Peoria bonds out of
the funds accumulated from the 30 per cent of gross earnings
due the Peoria road under the terms of the lease. If this de-
shall be incurred by any of the controlled companies, aside
from current operating expenses, and that no additional
bonds or liens shall be permitted upon their properties unless
pledged with the trustee. "No further bonds shall be issued
cision stands it will practically establish the validity of the or re-is>ued under said existing mortgages" unless pledged.
leasj.
The Terre Haute & Indianapolis has thirty days in
Guaraniy. — This guaranty is endorsed on the bonds:
which to decide as to an appeal to the United States Supreme
For value received. Metropolitan Street Railway Co. having been
thereunto duly authorized, hereby guarantees the payment of the
Court. Sse report published last week on page 993.
principal and interest of the within bond, according to the tenor
Terre Hante & Peoria RR.— Decision.— See Terre Haute thereof. Witness the corporate name of Metropolitan Street Railway
Co. hereto subscribed and its corporate seal atHxed by its Vice-Presi& Indianapolis RR. above.—V. 70, p. 993,
dent or Secretary as of the
day of
19
Metropolitan
S treet Railway Co. by
Ttaird Avenae RR, Receiver Discharged.— Oi WednesVice-President. -V. 70, p. 997, 896.
day Judge Lacombe signed the formil order directing Hugh
Uaion Pacific Ry. Receiver's'' Sale of Miscellaneous Assets,
J. Grant, as receiver, to restore the property to the com—The
New York '• Evening Post " of May 23 cDutains a long
pany. The transfer accordingly took place on Thursday. advertisemeot
announcing the receivers' sale on June 8 at 11
Mr. G-rant continues for the present receiver of the Forty- A M. at No. 11 1 Broadway, of various assets, overdue coupons,
second Street Manha^tanville & St. Nicholas Av^ouue Rv. etc., of the old
Union Pacific Ry. Co.— V. 70, p. 947.
Kuhn, Loeb & Co. on May 84 paid to the Morton Trust Co.
Union Street Railway Company of New Bedford. New
§35,000,000, to pay the floating debt (sea V. 70, p. 997),
Slecurities.
— The Massachusetts Railroad Commission has apand to complete the construction work now ia pro2:res3.
Notes, acceptances and loans of the Third Aveaue RR. Co. proved the proposed increase in the capital stock from $450,and its controlled companies will be paid or purchased by 000 to $600,000 and the issue of mortgage bonds to the
the Morton Trust Co., No. 100 Broadway, on presentation. amount of $50,000.— V. 70, p. 947.
United Railways & Electric Co. of Baltimore.— Pa^men^
New Mortgage. The new mortgage secures $50,000,000 of
4 per cent gold bonds, due Jan. 1, 2000, with interest ptya- OH Jncowes.— A semiannual interest payment of 2 per cent
ble Jan. 1 and July 1, the first coupon being payable July 1, on the income bonds is announced, payable free of all taxes
and representing two months' interest. The mortgage cov- on June 1 at the ofiQ.ce of Alexander Brown & Sons in Baltimore.
At the same time and place will be paid on the preers the following lines of railway of the railroad company,
and all improvements, additions and extensions made and to ferred stock a dividend of 2 per cent, less the usual tax.
both payments are made from the earnings for the half-year
be made, all franchises, etc.
ending May 31, 1900.— V. 70, p. 893, 843.
P^rk Row, via Third Ave., etc., to the Harlem River.
North River, via 130th, Manhattan and 125th Streets to the East
Wabash VLR.—Eel River Lease Declxred Invalid.— Sse that
River.
Also from 125th Street through Amsterdam Avenue to the terminus company above.— V. 70, p. 688.
of said avenue.
Washington City Transportation & Power Co.—IncorpoAlso the following buildings, real estate, etc.:
rated.
This company has been incorporated in West VirPower house and depot at Bowery, Bayard and Elizabeth streets.
ginia to build and operate a system of rapid transit in and
do
do
3rd and 2nd avenues. t55th and 66tU streets.
around Washington, D. C. The authorized capital stock
Depot on 3rd and LexinKton avenues, 129tti and 13uth streets.
Power house and depot oa Amsterdam Ave., 128th and 129th streets.
is $5,000,000.
The incorporat )rs are
M. A. Nobles, Thos.
Car house on 129tli and HOth streets east of 10th Ave.
Bordman,
Jenkins,
J.
Herbert
W.
John
McCann, Samuel M.
Power house and depot at Amsterdam Ave. between lS5th and 186th streets.
.
,
—
—
:
Powerhouse and depot
at Kingsbridge
Road and Harlem
River. 316th
and
218th streets.
The proceeds of sale of property Inot required for the operation of the road must be applied to the purchase of other
property which shall be held subject to the lien of the mortgage, or for additions, or improvements; or to the purchase
of the new 4s, or the underlying bonds, or of securities available for trust funds under the law of New York. The new
48 are not eubj^ct to call.
Also the following stock and bonds pledged with the Morton Trust Co., as trustee:
Name of Co..ipany —
Union RaUway Co.
New York
Issued.
City stock
$2,000,000
42d8t. Manh'nville&ScNich'las Ave. Ry. stock 2,-500.000
Do
2Qd mortgage Incomes
1,500,000
Dry Dock East Broadway & Battery RR. stock 1,200,000
KiDKSbridge Ry. Co stock
...
8,600
Subscription for balance of $l,00u,000 stock.
YoukersRR. Co. stock
1,000,000
Westchester Electric RR. Co. stock
500,000
Southern Boulevard RR Co. stock
250,000
Tarryt'n White Plains &MamaroneckRy. stock.
300,000
of
Pledged.
$2,000,000
1,671,100
357,000
1,128.700
8,600
991,400
992, ?00
500,000
248,300
300,000
The pledge of said stocks and bonds has been made with
the consent of the Metropolitan Street Railway Co., which,
it is provided, shall be tte owner of said securities
and
shall be entitled to vote on the stock and to receive the dividends thereon so long as the new 4s are not in default.
The mortgage will also cover all shares in any other corporation, if acquired with the proceeds of bo ads secured by
the new mortgage.
Purpose of Issue.—The purposes for which the $50,000,000
bonds may be issued are:
/
$35,000,000 TO PAT FLOATING DEBT, ETC.; BALANCE FOR EXTENSIONS
AND IMPROVEMENTS.
Bonds to the amount of $35,000,000 shall be issuable forthwith to
pay the floating debt of the Railroad Company and of the controlled
companies (exclusive of indebtedness to one another and to the Railroad Company) and the expenses of the readjustment, any balance to
be expended for Improvements on, additions to and extensions of the
property of the Railroad Company, or the controlled companies, or
for the construction or purchase of other street railroads or other
property to be subject to the mortgage.
$13,443,000 RESERVED FOR EXISTING OUTSTANDING BONDS.
Bonds to the amount of $13,443,000 shall be issued against the deposit with the trustee, as security under the mortgage, of a like
amount of the existing bonds now outstanding, as shown below.
REMAINING $1,557,000 FOR EXTENSIONS, IMPROVEMENTS, ETC.
The remaining $1,557,000 of bonds will be issuable for extensions
of, and improvemants on, the property of the Railroad Company and
its controlled lines after the entire proceeds of the aforesaid $35,000,000 bonds shall have been applied as stated.
The underlying bonds,
for
Vame of c mipamj and loan.
M
which new 4s are reserved,
Authorized.
Third Ave. RR. CO. Isi
$5,000,000
Union Ry. 1st
2,000,000
42dSt. Manhatt. &St.Nich.Ave. Ry. IstM.. 1,200,000
2d mortgage incomes
1,600,000
Dry Dock East B' way & Battery RR. IstM.. 1,000.000
Certirtcates of indebtedness
1,200,000
YoDkers RR. Co. ist M
1,000,000
Westchester Electric RR. 1st
500,000
TarryfnWhiiePlains&Mam'neckRy. IstM.
300,000
Southern Boulevard RR. 1st
250,000
M
M
M
are:
Oulstandina.
$5,000,000
2,000.000
1,200 000
"1,143,000
950,000
1,100 000
1,000,000
.'500
000
StOOOO
250,000
Total
$14,050,000 $13,443,000
* $357,000 already pledged as part security for the Third
Ave. RR.
48 ate here deducted.
The Third Avenue RR. Co. covenants to pay off at or before maturity, without extension, all of said existing bonds,
etc.
The company further guarantees that no indebtedness
Hyneman,
all
of Philadelphia.
Wasliington & Potomac RR.—i2eceiver.— Judge Morris in
the United States Circuit Court at Baltimore on Tuesday
placed this uncompleted line in the hands of Henry W. Watson of Philadelphia as receiver, upon application of the
Union Trust Co. of Philadelphia, trustee under a mortgage
for 11,500,000.
Bonds for $500,000 are reported as in default
since April 1, 1886. The road was projected from "Washington, D. C, to Point Lookout, Md., 80 miles, of which2l miles
from Brandy win 8 to Mechanicsville, Md., are operated and
about 2 miles additional from Washington towards Brandywine are completed but not operated. The upset price is
$35,000.
Wheeling Bridge & Terminal Ry. Sold,—The property
was purchased at the foreclosure sale on Tuesday by Kuhn,
Loeb & Co. for $1,515,000 in the interest, it is understood, of
the Pennsylvania
RR. Co.—V.
70, p. 843.
INDUSTRIAL. GAS AND MISCELLANEOUS.
American Bridge Co.
announced
— Oncers.—The following officers are
:
President. Peroival Roberts, Jr., of Penooyd Iron Works; TreasWm. H. Connell, formerly President of the Edgemoor Bridge
Works; Vice-Presidents, W. H. McCord, of Post & McCord; Charles
McDonald, of Uuion Bridge Co.; Charles M. Jarvis, of Berlin Bridge
Co.; Frank Conger, of Groton Bridge Co.; J. P. Kennedy, of Youngstown Bridge Co.; Chief Engineer, C. C. Schneider.
Pro isional directors: President, Percival Roberts, Jr., Alfred C.
Case, William H. McCord, Charles M. Jarvis, William H. Connell, W.
Hauxhurst, Charles McDonald, Frank Conger, J P. Kennedy, L. S.
Gillette, John F. Alden, W. G. Oakman, J. P. Ord, Robert Wlnsor,
Robert Bacon. Charles St -ele, E. M. F. Miller, Robert S. Green, J. C.
Bancroft Davis, second; Paul E. DeFere, D. O. Morgan.
Executive committee: Charles McDonald, Charles M. Jarvis, Wm.
H. McCord, Frank Conger, J. P. Kennedy, and the President and
urer,
Treasurer
ex-offlcio.
Finance committee: W. G Oakman. Robert Baoon, Charles Steele
and the President and Treasurer ex officio.
Tde company will own about 24 of the leading bridge
plants of the United States, included with those in
Chronicle of Sept. 30, 1899, as under option. The authorized capital stock of the new company is $35,000,000 of 7 per
cent cumulative preferred and $35,000,000 of common stock.
The immediate issue of each, it is understood, will be $30,000,000. The new company will have from $10,000,000 to $12,00 \C00 cash capital. All the stock is in trust for 18 months.
Reported Contract. The report from Pittsburg that the
Carnegie Co., as part consideration foi- its Kej'stone plant,
has secured a contract covering a term of years to supply the
American Bridge Co. with 75 per cent of all the steel required by it is stated here to be incorrect.— V. 70, p. 896_, 843,
—
American Fisheries Co. of New 3 ersej.— Reorganization
PZaw.— Immediately after the confirmation of sale the receivers transferred by bills of sale and deeds of conveyance
all of the assets of the American Fisheries Co. to the new
company, known as the United States Menhaden Oil &
Guano Co. (V. 70, p. 898.) To complete the reorganization
as previously agreed (see V. 70, p. 741), a committee consisting of J. Harold Pirn and Langley A. West of Dublin, Ireland, and R. M. Horne-Payne of London. England, has pre-
—
sented a plan for the forming of a new corporation to
acquire the assets held as aforesaid by the United States
Guano Co. This plan was duly approved
Menhaden Oil
&
I
I
—
Mat
26
1«00.1
at an English or foreign stockholders' meeting by a nnanimons vote of those present. The plaa provides that a company should be forthwith formed under the laws of New
Jersey. The new company was organized yesterday under
the laws of New Jersey. It is known as the Fisheries Company, and has authority to issue:
Preference shares, 7 p. o. non-oumulative, par $100
$2,0io,000
Ordinary or common shares of $100 each
1,000,000
Flr.^t mortgage 6 p. o. bondw, due In 5 years but Bubjeot to
call, asbelow stated, coupons payable In N. Y. semi-ann..
500,000
Every holder of 20 preference shares in the old company of
$5 each {i. e., |100 nominal), upon subscribing for |25 of the
mortgage bonds, shall receive ona preference share in the
new company of $100, fully paid. Every holder of 160 covimon. shares of $5 each in the old company (i. e., $800 nominal)
shall receive upon application one common share in the new
company of $10 >, credited as $95 paid, tne balance of $5 being
payable on application. The certificates of both classes of
shares in the American Fislieries Co. must be surrendered at
the time of application.
Profits shall in each year be applied as follows:
All protlts, after payment of 6 per cent on the bonds, 7 p. c. on the
preferred stock and 5 p. c. on the common stock, shall be applied to
redeeming the bonds by annual drawings, until such bonds are all redeemed, and then be divided pro rata among both classes of shareholders.
Shareholders
)
,
THE CHRONICLE.
•
who do not come in under the scheme
new company. The directors of
1051
2% p?r cent in 1899.
Treasurer.
June
30, 1900, against
E
Anthony
L.
is
See V.
70, p. 973.
—
Cincinnati Leaf Tobacco Warehouse Co.— New Plan.
A committee has been appointed to devise a new plan of reorganization. V. 70, p. 635.
—
City & Suburban Home Co.— Dividend.— The company has
declared a dividend ot\% per cent, payable out of net earnings for the six months ending April 30, 1900, to stockholders
Charles Stewart Smith is Treasof record on May 15, 1900.
Fourth A^e.
urer, office 281
Colorado Fuel & Iron Co.— Bonc?s Lasted —The New York
Stock Exchange has listed an additional §180.000 of the
Grand River Coal & Coke Company's first mortgage 6 per
cent gold bonds of 1919, making the total amount listed to
date §949,000. The authorized issue is $1,000,000. of which
$51,000 has been canceled for the sinking fund.—V. 70, p. 794.
Consolidated Gas Co. of
New York City.— To
Purchase
New Amsterdam Oas Company. —The arrangement according to which it is proposed to purchase the New Amsterdam
Gas Co. is stated below under the caption of that company.
The New Amsterdam's capital stock is $12,145,700 common
and $9,000,000 preferred, and to purchase the entire issues of
both on the proposed basis and to pay expenses will require
the Consolidated Company to issue about $7,672,000 of 6
per cent debentures. As it is intended to retire these denew compiny will ba:
bentures by exchanging them at par for stock of the ConThomas Russell, Nathaniel B. Church, L. E. Warren, Wm. M. Ivins, solidated Company taken at 190, the transaction, if it results in
Charles B. Hobbs and John E. Searles.
the acquisition of the entire capital stock of the New AmsterThe stockholders of the American Fisheries Co. may sub- dam Company, will increase the stock of the Consolidated
scribe for the new securities upon the terms set forth in the Gas Co. by about $4,038,000.
foregoing plan at the ofiice of Sperling
Co., No. 8 Austin
The New Amsterdam Co. as shown on page 164 of the InFriars, London, E.C., or of Boyle, Low, Murray & Co., Dub- vestors' Supplement has a funded debt of $18,125,000. In
lin, Ireland, or of Warren, Boothby & Warren, No. 31 Nassau addition the New Amsterdam company controls the Central
St., New York City, on or before June 1, 1900. The subscripUnion Gas Co., and guarantees its $3,250,000 of 5 per cent
tions for the bonds will be payable 20 per cent upon applica- bonds. It also owns the entire capital stock of the Northern
tion or subscription, and the balance on or before June 15, Union Gas Co but does not guarantee the $1,250,000 of 5 per
If such subscriptions shall be less than $400,000, the cent bonds.
1900.
The New Amsterdam Company, it is stated,
moneys so received will be returned to the subscribers with also owns the entire capital stock (authorized issue $7, OCO,out deductions. V. 70, p. 896.
000) of the New York Carbide & Acetylene Co., and thus
American Ice Co. Proceedings.—^h.Q Attorney- General holds the exclusive right from the Electro Gas Co. to supply
on Thursday aniounced that he would begin proceedings to acetylene gas in Greater New York. (Sse V. 61, p. 1107.
The acquisition, as above, of the New Amsterdam Comannul the company's right to do business in this State, declaring that the company is an unlawful combination.— V. pany will place in the control of the Consolidated Company
all the gas and electric-lighting business of Manhattan ex70, p. 947.
cept the gas lighting done by the Standard Gas Light Co. The
American Iron & Steel Mannfactaring Co.— On Regular purchase of a large interest in the New York Mutual Gas
List in Philadelphia. The $17,000,003 common stock in Light Co. (stock, $3,500,000) was effected in the interest of
shares of $50 each, $5 paid, and the $3,000,000 preferred the Consolidated Company in 1898 (see V. 67, p. 1207), and in
stock full paid have been regularly listed on the Pniladelphia January, 1900, the holdings of Russell Sage in the Standard
Stock Exchange.— V. 69, p. 1317.
Gas Co. changed hands (see V. 70, p. 133), and it is supposed
are now held for the benefit of the Consolidated Gas Co.
American Sheet Steel Co.— Certificate.— Thia company,
of the Standard
incorporated in March last with $26,000,000 common and $26,- u/ajority, however, of the $9,295,700 stock
Gas Light Co. is pooled with a committee (V. 70, p. 133), and
000,000 cumulative preferred stock, on May 19,filed at Trenton
committee
N. J., a certificate that there had been issued $49,000,000 of cannot be sold without first being offered to the
market price.
capital stock, including $45,000,000 for constituent proper- at
The outstanding securities of the several illuminating
ties and $4,000,000 paid in cash. Gaorge B. McMurtry is Presiof Manhattan, upon the exchange 6f all the stock
companies
dent, and
B, Wheeler, Secretary. —V, 70, p. 634.
of the New Amsterdam for stock of the Consolidated ComAmerican Sngar ileflning Co.— Price of Sugar Advanced. pany will be approximately as follows:
The company on Wednesday increased its price for refined
Bonds,
stock.
sugars 10 points, making the total advance this week 15 Consolidated Gas Co
$2,101,800
$58,633,200
89,329,000
N. Y. Gas & El. L. H. & P. Co
points, or about 316 cent per pound. The independent
18,125,000
New Amsterdam Gas Co
refiners advanced their price to correspond. Raw sugars
3,250,000
Central Union Gas Co
during the week have advanced 1-16 cent. The refiners
Northern Union Ga8 Co
1,250,000
assert that no agreement or settlement is the occasion for N. Y. Mutual Gas Light Co
3.500,000
1,362,000
Standard Gas Light Co
9,293,700
the advance in refined sugar.
Woolson Spice Co. See that company below.
$65,417,500
Total (excluding N. Y. Mutual)
$71,428,900
Output of Independent Companies. See Arbuckle Brothers
The
Consolidated Gas Co. is supposed to own a majority
belov^.— V. 70, p. 998.
of the stock ($3,500,000) of the New York Mutual Gas
American Thread Co.—Stock Paid In. The annual re- Light Co., but under the laws of this State a two-thirds' inport, cited on a preceding page, shows that there is now paid terest is necessary to confer full legal control.— V. 70, p. 738,
on the common stock $3 per share (par $5). The first divi- 741.
dend of 30 cents per share, recently declared on the common
Continental Tobacco Co.— Statement.— The directors havstock, is therefore equal to 10 per cent on the amount paid
ing decided to issue quarterly statements of earnings, the folin.—V. 70, p. 998.
lowing is issued for the quarter ended March 31: Net earnAmerican Tobacco Co.— Quarterly Statements.— It is an- ings, after deducting all charges, $1,187,287; net earnings
nounced that the company will issue quarterly statements of stocks other companies, $85,786; total net earnings, $1,273,earnings. The first statement, for the quarter ended March 073.—V. 70, p. 738.
30, 1900, compares as follows
P. Lorillard Preferred Stock Acquired. See that comIncrease.
1^00.
1899.
pany
below.— V. 70, p. 738.
SmonthstoMarph^l
amonthstoMarchiJl
$642,024
$l,5i2,849
$900,825
-V. 70, p. 942, 896.
Cramp (Ontario) Steel Co., Limited.—Incorporated.—
Arbuckle Brothers.— Increase of Facilities.—The report Letters of incorporation were on May 19 granted to this
that the Arbnckles are extending their facilities for producing company in Ontario, Canada. The authorized capital stock
sugar we are informed is correct. By July 1 it is expected is $5,000,000, divided into $100 shares, of which $2,000,000 is
7 par cent preferred. The incorporators include Charles D.
they will be turning out 1,500,000 poands of suaar daily.
Woolson Spice Co.— See that company below. V. 68, p. 426. Cramp and William H. Cramp, who are not now identified
Birdseye Jellico Coal Co.- --Reorgramzei.— This company with the Cramp Shipbuilding Co. of Philadelphia. The comhas been reorganized as the Whitely Coal Co., with author- pany will erect the pioneer steel plant in Canada, at CoUingwood, Ontario, which it is hoped to have in operation early
ized capital stock $210,000.— V. 70, p. 948.
next Year.
Border City Manufacturing Co. of Fall River, Mass.—
Dominion Coal Co.— Called Bonds.— Oi the 6 per cent first
JBonds.— The stockholders voted May 23 to issue $500,000
mortgage
bonds, due March 1st, 1913, sixty-four bonds for
five per cent mortgage bonds, "to be offered for eubscrip
been drawn
tion to the stockholders at par, pro rata, and the proceeds to §1,000 each and nineteen bonds for $500 each have
Trustee, 85
Trust
Co.,
England
and
will
be
New
paid
the
by
be divided among the stockholders." This action is taken in
at 110 and
presentation,
on
Devonshire
Boston,
Mass.,
St.,
order that the securities shall '-more nearly represent the
value of the property than the present capital." The capital accrued interest, interest to cease June 1. V. 69, p. 79.
forfeit all rights in the
will
the
&
,
—
—
A
H
—
—
—
—
m
—
:
—
—
stock is $1,000,000, on which quarterly dividends aggregating
4 per cent have been declared for the six months ending
Dominion Iron & Steel Co.- Consf/wsfion.- President
Henry M. Whitney is quated as saying
:
—
——
—
THE CHRONICLE.
1052
of the plant Is progressing rapidly. We expect to start
furnace and begin the making of pig iron by Sept. l.
The output this year will be at least 2,250 000 tons, of which about
500,000 tons to come to the United States— V. t)9, p. 853.
The bulldinp
our
first blast
Elmira (N. Y.) Mnnicipal i:o.—Reorgamzation.- See Elmira Water & Light Co. below.— V. 69, p. 1303,
Elmira (N. Y.) Water & Li^ht Co.—Successor Company.—
This company, with authorized capital stock of $1,0U0,U00, has
filed articles of incorporation at Albany as successor of the
Elmira Municipal Co.— V. 69, p. 1300.
Empire Seamless Tabe Co. of New York City.— Incorpor-
—
This company has been incorporated in West Virginia with $5,000,000 of authorized capital stock, to manufacture metal tubes, flue?, pipes, etc. locorporitors:
K.
Flagler, C. H. Twist, W. M, Reeve, A. W. Griffith, J. W.
Briggp, all of Boston, Mass. C. H. Twist, attorney, Boston,
ated.
H
;
Mass.
Empire State Power Co.— See Amsterdam-Hagaman Traction Co, under '•Railroads,"
Empire State (Beet) Sugar
Moitgage.
—
—This
Co. of Lyons, N.
Y.—New
company, incorporated under the laws
of
New York on Jan.
24 with $4f 000 of capital stock (all of
one class, par value of shares $100) has made a mortgage to
the Metropolitan Trust Co, as trustee to secure $400,000 of
six per cent bonds. The bonds are to be daied July 1, 190O,
and to be due July 1, 1915, but subject to call at liO at the
company's option.
The plant, which is expected to be in operation in October,
is to be the largest east of the Rocky Mountains.
The
neighboiinsr farmers are stated to be under contract to raise
beets on 5,500 acres, so that the company will be able to
begin operations without delay. Thomas
Post, of 71 Broad
way, this city, are interested in the enterprise and the
coupons will be payable at their office. The directors are:
Orlando F. Thomas and J. D. Bashford, of Lyons; Seymour Scott and
&
New York City,
Federal Steel. Joliet Mills Closed.— The converter and
billet mills at Joliet, III,, were closed on Thursday for an
E, N, Post, of
indefinite period, because, it is said, of the closing of tin plate
mills on account of a strike.
The blast furnaces and merchants' mills are said to be still running.— V. 70, p. 790.
—
Fisheries Co.— Reorganized Company. This company was
incorporated yesterday at Trenton, N, J., with a capital
stock of $?. 000,000, all paid up, as a reorganization of the
American Fisheries Co. per plan above described.
General Carriage Co.— Official Statement.—Treskanrer J, S,
Tracy confirms toe correctness of the annual report published
" That portion of your notice
last week (pqge 993) and says:
relating to the Sixth Avenue car-stable property is practically
correct, except that the company proposes to expend, including the cost of the land, about $2,000,000, and that the
structure will be eight stories instead of six." V, 70, p, 993,
—
Consolidation. — At
[Vol.
issued under indenture of trust of Sept.
1,
1890,
LXX.
and now in
default.— V, 63, p. 838.
(P.) Lorillard Co.— Plan Operative.— Bsiring, Magoun & Co.
announce that over two- thirds of the $2,000,000 preferred
stock has been exchanged at par for the 5-year 7 per cent
gold debentures of the Continental Tobacco Co, and that the
right to make further exchanges will expire on Thursday,
Jane 14 next (see V. 70, p. 231),— V. 70, p. t36.
National Shear Co.— Fo/d.- The several plants absorbed
by this company, incorporated on Sept. 7, 1893, were on May
18 sold at receiver's sale at the Real Estate Exchange, 111
Broadway, New York, for, it is stated, barely sufficient to
satisfy the creditors.
The properties sold include:
J. Wlss & Son, Newark, N. J.; Clauss Shear Co., Tremont, Ohio
Standard Shear Co., Elyrla, Ohio; William Schollborn Co., New Haven
Conn., and the Seymour Cutlery Co., of Holyoke, Mass.
Of these the Wiss plant was purchased by the former
owners. The Clauss (the only oiher plant operated by the
National Company) and the remaining ones mentioned were
bid in by J. C. Pearson, of Boston, who, it is stated, held a
$150, OCO note for money loaned.
See International Cutlery
Co. above.— V. 70, p. 586, 133.
New Amstf^rdam Gas Co.— Prr position to Purchase. The
directors on May 18 adopted a resolution recommending the
holders of the preferred and common stock to exchange their
stock for the 6 per cent debentures of the Consolidated Gas
Co., payable June 1, 1910, upon the following basis, viz.:
For every $100 of the preferred stock $ri0 in said debentures.
For every $100 of the common stock $26 in said debentures.
The debentures may be redeemed any time at the pleasure
of the Consolidated iQ-as Co. before next May, and if they
are redeemed before Dec, 1, 191 0, they will carry no interest.
If redeemed between that date and May 1,1901,6 percent
interest will be paid on them in cash.
It is agreed, if possible, to retire these debentures on
July 1, 1901, by exchanging them at their face value
for the stock of the Consolidated Gas Co., such stock to
be taken on the basis of $190 per share, par value $10^. All
stockholders desiring to make the exchange must deposit
their certificates, indorsed in blank, with the National City
Bank, 52 Wall St., before June 15, 1900. The directors and
largest stockholders, it is stated, will accept the terms above
mentioned, which will be binding provided a sufficient number of assents are received..— V. 70, p. 948, 897.
—
New England Gas & Coke
— President;
Co.
Status of Enterprise.
Henry M, Whitney is quoted as saying:
" The company is fully meeting our expectations. We have
substantially earned our bond interest for the last six months,
and, all rumors to the contrary, we will pay the coupons June
1 on Nejv Eogland Gas & Coke 5s.
I do not think that the
Legislature will interf ^ re with an industrial enterprise that is
of buch great advantage to the community."
The " Boston New Bureau " says
For the month of April the company showed net earnings of $44,Hargraves-Parker Mills.
a meeting
on May 16 of a majority in interest of the stock of the Har- 000. which, with the earning from the treasurj assets, is sufficient to
the month's interest on its bonds and floating debt and proporgraves and Parker Mills of Fall River, Mass., the consolida- pay
tionate amount of taxes and leave a surplus of about $3,000. The
tion of the two companies under the above title was agreed Everett plant is now being run to Its full capacity and is shipping out
upon. The new company will issue $1,600,000 capital stock, 1,200 tons of coke per day. It is, however, only sending out 3,000,000
feet of gas per day, whereas in time it will send out nearly douole this
each of the old mills being capitalized at $800,100, so that amount.
For the past three months the company has shown a surthe old stockholders will receive in exchange an equal plus al)ove its fixed charges. Owing to the inability to secure the
amount of the new stock, Seth A, Borden was elected requisite material in time to complete new ovens before next winter,
Treasurer and Milton Reed, Clerk. The stockholders of the the plant will be allowed to stand as at present until next spring.
The company's coke product Is growing in favor for household use.
old companies will meet on May 29 to take further action.
At present the company has less than 5,000 tons of coke stored. It is
International Cutlery Co.— Ineorpormted. This company now sending 600 tors per day to the Boston & Maine, 130 tons to the
127.
—
New
Jersey on May 23 to take over the
Clauss Shear Co. and other properties formerly owned by
the National Shear Co. and purchased by J. C. Pearson, of
Boston, at receiver's sale on May 18. Authorized capital
stock, $300,0C0,
Incorporators t. Achenbacb, of Hackensack, N. J.; M, Givin, D. J, B, Dupiguac, both of Jersey
City, N, J.— See National Shear Co. below.
Johdson (B. P.) Publishing Co. of Richmond, \a.— Stock
This comp^nv was organized under the laws of VirOffered.
ginia April 24, 1900. The capital stock is fixed at $l,250,00o
in shares of $100 par value, full paid and non-assessable,
John L. Williams & Sons and Davenport & Co, of Richmond
have been offeriog for sale $500,000 of the 6 per cent cumulative preferred stock. After the common stock, founderb'
stock and preferred shares have each received a dividend of
6 per cent, the preferred participates in any additional profits.
was incorporated
in
:
—
Enickerbocker (Independent) Telephone Sc Telegraph
New York. Circular, The company announces that
it has commenced the construction of its plant, which will be
extended to all the five boronghs of New York City, and that
—
Co. of
is policiting subscribers for telephones at the following
rates for service to any points within the five boroughs forming New York City:
Unlimited Service.— Business telephones, $120 per year; residence
telephones, $so per year.
Limited Service— At various rates, of which the following are examples: 700 messages, $60 yearly; 1,000 messages, $7(i; additional
messages in each case, 6 cents; 2,500 messages, $110 yearly; additional messages. 4 cents.
Office, Nos. 416-422 Kroome St,- V. 70, p. 384.
it
Lombard Investment Co.— Sale
New
of CoKateral.—The Atlan-
tic Trust, Co,, of
York, as trustee, will on June 19, 1900,
at 10 o'clocli A. M., at the
York Real Estate Salesroom,
New
No. HI Broadway, sell at public auction, through Richard
V. Harnett & Co., auctioneers, the securities and other
property held by it as collateral for debentures, series U S F,
:
Boston & Albany and 100 tons per day to the Fitch ourgRR., the latter
road having doubled Its order within a week.— V. 70, p. 798.
New Yo'k Breweries Company, LimiieA.— Quoted in Lcndon. The London Stock Exchange has granted the application to quote £380,000 unified stock in lieu of the 0I4 pref-
—
erence and ordinary shares.— V. 70, p. 587.
Nicaragua C&na,l.— Action Postponed,— On May 21 the
Senate, by a vote of 28 to 21, declined to take up as unfinished business the House bill authorizing the construction of
the Nicaragua Canal. This, it is thought, will prevent
action on the bill until the next session V, 70, p. 897.
North American Tarquoise Syndicate.— Jncorporafed,
This company has filed articles of incorporation in New Jersey, with a view, it is said, to controlling the turquoise industry in the United States. The authorized stock is $1,000,Directors:
OOi) ^to be increased, it is said, to $25,000,C0ii),
William T. Thornton, ex-Qovernor of New Mexico; L. Bradford
Prince, ex-Chief Justice of New Mexico; John P. Victor. ex-Solicitor-
—
General of New Mexico; William H. Letfingwell of Cripple Creek.Col.;
CharlesN.Kiag of Jersey City, Gen. George H. Ford of New Haven,
Robert B. Mor«-head and A. McGregor Lpfflngwell. of New Haven;
Augustus K. Sloan, Edward 8. Innet and Edward O. Machen, of this
city.
The President is A, McGregor Leffingwell; Vice-Presidents, Gen. George H. Ford and E. C. Machen; Treasurer,
Robert B, Morehead; Secretary, A, K, Sloan.
Official
Typewriter Co.— Incorporated.— The company has
been incorporated in West Virginia, with
$1 ,000,000
author-
ized capital stock, to manufacture and deal in typewriters.
Incorporators:
M. E. Harby, S. Brockheimer, F. R. Madeira, E. S. Sharp, H. E. Emerson, all of New York City; M. E. Harby, Attorney, New York City.
Pittsburg Valve & Construction Co.— Consolidation.— For
a proposed company to b'-ar this title, options, it is said, have
been taken on five of the largest steam fitting and pipe-bending plants in the country, all Pittsburg concerns, namely,
At wood & McCaffrey, Best Manufacturing, Shook-Anderson
May
—
—
:
THE CHRONICLE.
26, 1900.]
Valve & Machine Co. and the Wilson Snyder
Manufacturing Co. The capital stock, it is said, will be
$5,000,000, of which half 7 per cent preferred. George B.
Hill & Co. are the syndicate managers.
Shasta Electric Light & Power Co. of San Francisco.—
Incorporated. This company has been incorporated in West
Virginia with $1,000,000 of authorized capital stock to operate electric light and water works. Incorporators: G. A.
Knight, C. A. Warren, C. E. Green, F. S. Edinger, F, S.
Knight, all of San Francisco, CaI.; Chilton, MacCorkle &
Chilton, attorneys, Charleston, West Va.
Prospectus.— The prosStandard Shoe Machinery Q,o.
1053
Co., Pittsburg
COMMERCIAL EPITOME.
Friday Night, May
—
—
pectus says in part
The Standard Shoe Machinery Co. was organized to take over the
business, prooertit's, patents, materials on hand, good will, etc., either
actaally or by control of a majority of the stock of the companies
hereinafter named, and completed its organization Jan. Ist. 1900.
The company owns the entire issued capital stock of the Bay Slate
Shoe Machinery Co., including the patented welt and turn machines,
etc., etc., now constituting the Standard sewing system. The company
also controls the Woodward Manufacturing Co., owning 92.546 shares
of the stock of that company, out of a total issue of 100,000 shares,
and expects to secure the remainder. The Woodward Company comprises the patented machines for heel work.
These, with the Buzzell
and McDowell trimming machines, and with other nail and wire
machines, form the Standard heeling system.
The Preston Lasting Machine, as completed and perfected by and at
the expense of the company, and controlled by it under favorable
arrangements, with additional machines (if acquired), such as the
Sinning lasting machine, on which an option has been taben, will form
the Standard lasting system. The company will include, in fact,
everything required in the bottoming room of a thoroughly equipped
shoe factory; it is the only company selling its machines outright.
The soubdness of the patents covering the machines above referred
to has been certified to by competent counsel.
Directors.— E. B. Beecher, of Diamond Match Co., New Haven, Conn.;
F. C. Pingree. of Pingree & Smith Shoe Mfrs Detroit, Mich.; W. W.
Spauldlng. of W. W. 8paulding& Co., Shoe Mfrs., Haverhill, Mass.; E.
P. Reed, of E. P. Reed & Co.. Shoe Mfrs., Rochester, N. Y.; T. D.
Barry, of T.D. Barry & Co., Slioe Mfrs., Brockton, Mass.; Thos. G.
Plant, of Thos. Q. Plant Co., Shoe Mfrs Boston, Mass.; R. F. Spencer,
of Hamilton- Brown Shoe Co., Shoe Mfrs, St. Louis. Mo.; B. F. SpinB. Keighley,
ney, of B. F. Spinney & Co., Shoe Mfrs.. Norway, Me.;
of Chas. Keighley
Sons, Shoe Mfrs.; Vlneland, N. J.; J. B. Cousins,
of J. & T. Cousins, Shoe Mfrs.. Brooklyn, N. Y.; A. W. Rich, of the
Rich Shoe Co., Shoe Mfrs., Milwaukee, Wis.; J. N. Smith, Boston,
Mass.; Hon. W. S. Beecher, New Haven. Conn.; James B. Clews, of
Henry Clews & Co., New York; John Murray Mitchell, New York; J.
N. Darrah, New York; J. Steuart Rusk, Boston, Mass.; W. B. Hosmer,
Boston, Mass.; W. R. Oglesby, Secretary.
Officers. -President. E. B. Beecher; vice-presidents, F. C. Pingree,
W. W. Spauldlng, E. P. Reed, T.D. Barry; Chairman Executive Committee. J. N. Darrah; Secretary, W.
Oglesby. New York Office, 20
Broad St.; Boston Office, 185 Essex St.; factory, South Boston.— V.70,
p. 898.
,
,
W
&
R
—
Posse more.— The company on Miy 18 comSvflft & Co.
pleted the purchase for $250,000 of the Caicago packing plant
of the Chicago Packing
Provision Co. Payment will be
made from a portion of the proceeds of the $5,000,000 new
bonds to be authorized on May 31.— V. 70, p. 1000, 949.
&
Union Cotton Manufactaring Co. of Fall Rirer, Mass.
Iacr ease of Stock. — Tne stockholders voted on May 21 to increase the capital stock from $750,000 to $1,300,000; par value
of shares $100. The new stock will be issued on J ane 23 as a
60 per cent dividend. Cash dividends have been paid quarterly, those for the six months ending June 30, 190O, amounting to 6 per cent, against Z% in 1899. See V. 70, p. 972.
—
United Gas Improvement Co.—i)irec^ors. Directors are:
Thomas Dolan, George Phlller, William L. Elkins, Clement A. Grlscom, Peter A. B. Widener, William W. Gibbs, and Samuel T. Bodine.—
V.70,
p.
1000, 949, 944.
—
The situation in the commercial markets has undergone few
changes of importance so far as the condition of business has
been concerned. The season is now at hand when the demand for refined sugar ordinarily increases, and this improvement has begun to materialize and with it has come an
advance in prices. In other lines of trade, however, business
has been generally quiet and prices have been irregular. In
gtaple products the feature of the week has been a sharp
break in cotton values, resulting in the assignment on Thursday of Price, McCormick & Co., who for some time past have
been identified with the bull side of the market. Weather
conditions in the main have been favorable for the growing
crops, although in the Northwest more rain is needed and in
Texas complaints have been heard of too much moisture.
Lard on the spot has continued to meet with a slow sale,
and under moderate oflfeiings prices have been easier, closing
at 7'25e. for prime Western and 6 70e. for prime City. Refined lard has been practically neglected and prices have
weakened to 7*40c. for refined for the Continent. Speculation in lard for future delivery has baen quiet and despite
comparatively light receipts of swine, prices have declined
under scattered selling, largely to liquidate long contracts.
Tae close was steady.
DAILT CLOSING PRICES OF LABD POTUBES.
Fri
Wed. Thurt.
8at.
Mon. Tues.
7-25
7-32
7-25
7-20
725 7-25
May
Business in the market for pork has been quiet and prices
have weakened to $12@12 50 for mess, $U@l4 50 for family
and $13 50@14 75 for snort clear. Cut meats have had only a
small sale, but prices have held about steady, closing at 6]^ oj
7c. for pickled shoulders, 10}4@10%g. for pickled hams and
7i^@79^c. for pickled bellies, 14@ 10 lb. average. Beef has
been dull and without changes, closing at $9^^ 10 for extra
mess, $10 50@11 for packet; $13 for family and $17@17 50
for extra India mess. Tallow has sold slowly and prices
ha p-e declined, closing quiet at 45/8 c Oleo stearine has been
quiet and easier, closing at 6^@7c. Lard stearine has held
steady, closing at 8c. for prime City, Cotton- seed oil has been
in slow demand and easier, closing at 37(a373^c. for prime
yellow. Butter has been in fair demand and the close was
Caees9 has sold fairly well
firm at 163^@20c. for creamery
and prices have been steady, closing at 8@93^c. for new State
factory, full cream. Fresh eggs have been firmer for desirable grades, closing at 13^@14c. for choice Western.
Brazil grades of coffee have shown a tendency to strengthen
in value. Demand, while it has not been urgent, has shown
some improvement, and as sellers have been indifferent,
prices have advanced slightly. Foreign advices have been
stronger. The close was steady at 7;j^c. for Rio No. 7. West
India growths have been in more active demand, particularly
for the better grades, and prices have been well miin-ained,
closing at 9%g. for good Cucuta. East India growths have
received increased attention at unchanged values. Speculation in the market for contracts has been slighly mora active
and prices have advanced. Reports that the plague was
ofla jially announced in Rio have had a strengthening iofluence. Fmal asking prices were:
7-200.
6-900. Deo
6-750. Sept
May
7-250.
6-950. Jan
6-750. Oct
July
,
United States Paving Co. New Company. This company
was incorporated in New Jersey on May 19, with $2,000, OJO
capital stock, to construct public and private works of all
kinds. Tde incorporators include John B. Murray, Jersey
City, and H. C. Graves, Naw Roshelle, N. Y.
United States Rubber Co.— O/ficers.— The"executive committee and officers for the ensuing year are
Aug
^
:
Executive committee: Frederick M. Shepard, James B. Ford, Charles
R. Flint, Samuel P. Colt, John D. Vermeule. Lester Leland and
Charles L. Johnson.
Officers: Frederick M. Shepard, President; James B. Ford, VicePresident; ijharles R. Flint, Treasurer; H. M. Sadler, Assistant Treasurer, and Samuel P. Colt, Secretary.— V. 70, p. 994.
Upper New York City Water Q,o.— Foreclosure Sale.
Supreme Court Justice J.T. Marean has appointed William
H. Ford referee to sell the property at auction to satisfy a
judgment obtained by the Metropolitan Trust Co. of New
York for principal and interest of bonds, etc., in all $1,306,033.— V. 69, p. 495.
—
Whitely
Coal
Jellico Coal Co.
Co.— Suece-sor Company.— See Birdseye
above.—V.
70, p. 948.
—
Woolson Spice Co.—Demwrers Overruled. At Toledo on
Thursday Judge Pugsley overruled the four demurrers filed
by the Woolson Spice Co. to the petition of the Arbuckles to
inspect the company's books. See V. 70, p. 692,
—The "Statistical Annual," the well-known supplement of
the " Cincinnati Price Current," has recently been issued for
the year ending March 31, 1903. In a-Jdition to containing the
fifty-first annual report on the pork-packing industry of
the United States, the supplement furnishes elaborate statistics covering a long series of years regarding the provisions
and grain trade all in clear tabular form.
F. J. Lipman & Co. are offering for sale on a 53^ per cent
basis a block of Central Branch 48, guaranteed principal and
interest by the Missouri Pacific. According to the reports
of the Missouri Pacific, the Central Branch earns considerably more than the interest on these bonds.
—
—
25, 1900.
6-850.
Nov
7-000.
March
7-35o.
sugars have been in fairly active demand and higher,
closing at 4i^c. for centrifugals, 96-deg. test, and 4c. for musRafined sugar has had a fairly large
covado, 89-deg. test.
sale and prices have been advanced, closing at 5-153. n^^t for
granulated. Other staple groceries have been unchanged.
Kentucky tobacco has had a limited sale in small lots, but
prices have held steady. Seed leaf tobacco has been in slow
demand and the tendency has been in buyers' favor. Sales
Raw
325 ca=(es 1898
for the week were 1.025 cases, as follows
crop, Zimtners, ll@14c.; 150 cases 1899 crop, New Eagland
Havana seed, forced sweat, 20@50c.; 200 cases 1>^9S crop,
Pennsylvania seed leaf, ll@12c., and 350 cases 1898 crop,
Wisconsin Havana, lli^@14c.; also 300 bales Havana at 50@
95c, in bond and 4*00 bales Sumatra at 80j.@$1 75 in bond.
E irly in the week there was a moderately active and steady
market for Straits tin, but the close was dull and lower in
response to weaker foreign advices, final figures being 28-75
@29-00a. Ingot copper has soldjslowly and prices have weakened to 16-50@16'75c. for Lake. Lead has had only a limited
sale but prices have held steady, closing at 4t^4-02^c. for domestic. Spelter has been in moderate demand anJ steadier,
closing at 4 50@4j7^c. for domestic. Pig iron has been dull
and easy at $17 50@22 for domestic.
Refined petroleum has declined, closing at 8-15c. in bbls.
Naphtha lower at 10 05c.
5-80C. in bulk and 9-45c. in cases.
Crude certificates have been neglected. Credit balances
have weakened to $1 31. Spirits tnrpentinc has been quiet
and prices have weakened slightly, closmg at 51@51}^c.
Rosins have been dull and unchanged at $155 for common
and good strained. Wool has been dull and easy. Hops
have continued in moderate demand and steady,
:
. ..
.
.
THE CHKONJCLE.
1054
COTTON.
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special use by Messrs,
Friday Night, May 25, 1900.
We
The Movement of the Crop, as indicated by our telegrame
from the South to-night, is given below. For the week ending Lambert & Barrows, Produce Exchange
this evening
the total receipts have reached 32,433 bales,
against 43,572 bales last week and 25,439 bales the previous
weeks making the total receipts since the 1st of Sept., 1899,
6,337,128 bales, against 8,155,194 bales for the same period o/
1898-9, showing a decrease since Sep.l, 1899, of 1,818,066 bales
at—
Mon.
Sat.
Wed.
Tuei.
Thurt.
Fri.
Total.
25 at
Orleans...
Salveston
Savannah
Qalveston
600
Bab. Pass, &o.
New Orleans...
990
10
Mobile
312
2,914
7
387
1,813
2
750
99
3,2S0
5,438
864
1.369
909
864
366
90
5
253
678
1.894
230
62
505
434
6
4,307
3,327
1,278
1,237
Ft.
1,025
5
13
15
1,094
2,513
269
232
I
•*>
BranBw'k,<S[0.
Charleston....
116
2
4,307
Pensaoola, &o.
Bayannab
8,361
1,278
Royal,&o
36
Wilmington....
Wash'ton, Ac
Norfollt
N'p't
News, *o
New
York....
Boston
Baltimore
188
141
982
199
383
290
77
574
72
100
39
64
310
620
848
300
100
7i3
100
188
723
501
2,485 12.720
32,433
26
100
135
40
2,470
5,028
8,439
3.291
Plilladel'a, Ao.
Tot. this
week
848
1,638
The following shows the week's total receipts,the total since
and the stock to-night, compared with last year.
Septil, 1899,
1899-1900.
Beeeiptt
May
to
25.
Oalyeston..
Sab. P., Ac.
New Orleans
Mobile.....
P'sacola, &o.
Savannah...
Br'wlok.&e
Charleston.
P.Eoyal.&c.
Wilmington.
Wash'n, Ao.
Norfolk
N'portN.,Ac
New York..
Boston
Baltimore
Thii
week.
5,438 1,691,165
864
85,143
8.361 1,782,462
Thii
week.
Stock.
Since Sep.
1, 1898.
28,801
66,788
108,040
93,765
46,681
32,433 6,337.128
38 058 8,155,194
116
190,223
149.297
4,307
3,327 1,061,899
117,370
1,278
1,237 256,496
1,235
1,094 277,412
799
379,552
2,513
848
1,638
188
723
£01
Philadel.Ao.
1899.
1900.
5,359 2,283,046
79,602
15,320 2,142,763
471
246,953
721 215,802
4,625 1,059,628
133 271,368
247 363,418
23,333
54 291,319
1,351
4,322 643,305
482
30,118
2,246 110,561
904 296,661
2,861
48,400
308
47,566
.
Totals
1898-1899.
Since Sep.
1, 1899.
23,539
52,668
113,375
6,703
345,596
9,787
21,123
20,414
6,558
9,516
3,129
11,342
....-
404
o•
a
(.
.
mmr.
11,079
54,151
989
200
79,066
7,000
4,252
5,439
171,055
24,000
14,614
7.666
282,252
721,713
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons,
Beeeipti at-
1900.
Qalyes'n,Ac.
New Orleans
1899.
6,302
8,361
MobUe
Bavannah
Chas'ton, Ao
Wilm'ton, Ac
.
Norfolk
N. News, Ac.
AU others...
Tot. this wk.
5,359
15,3iO
1898.
1897.
2,853
19,812
1896.
1,139
4,795
554
1,771
7,990
10,076
363
4,759
6,701
6
116
471
368
175
111
3,327
1,237
1.094
2,513
4,625
2,423
1,933
3,488
247
54
700
620
993
32
897
166
4,322
482
8,635
7,178
4,446
128
2,511
2,474
848
3,962
198
8,102
32,433
38,058
39,038
16,152
1895.
Maiforti
from—
10.356
2.766
1.561
20.0S6
34,088
3,096
1.222
4,807
Charleston...
Port Royal...
WtlmlnRton..
Norfolk
N'port N., Ac.
New York...
Boston
7,816
••••••
12,'<71
ToUl
Total. 1898-90.
May 25.
1900
Continent.
lotml
64119
129,627
714,788
67.666
•••.••
66,069
112,847
178.906
274.738
33,846
21.791
413.321
111,319
160,434
5,318
7.846
44,669
230.079
200
4,136
e.'iss
19.55U
29.709
20.147
150,510
6,031
6.031
107,620
88.&84
5.813
10.398
1,644
35,721
227.090
2,027
3.699
119,873
172.416
240,756
24,562
15,597
101,711
104.973
620,002
393,592
3,0C0
Speculation in cotton for further delivery has been active,
it has been at a sbarp decline in price?, particularly for
this crop.
The feature has been the extensive selling by discouraged longs to liquidate their accounts, and as there has
been no buying other than that which has come from shorts
to cover contracts, prices have steadily weakened. On Thursday developments were of a sensational character. The firm
but
of Price,
McCormick
& Co., who were
prominently identified
with the
last rise in value?, announced their suspension.
Indications wf re that this firm had reduced their long interest
in August to a considerable extent, but in the near-by posi-
tions they apparently had a large outstanding account, with
the result that prices for May delivery showed a decline for
the day of 78 points, and June and July broke 46 and 47
points.
The decline in August was 19 points and
the new crop deliveries 11@14 points in sympathy.
The general situation has undergone no radical changes.
The statistical position has continued strong,
but
reports from both the Manchester and local markets have
continued to report dull business in the cotton goods trade,
and demand for actual cotton has been slow. Private advices from South have reported generally favorable crop prospects east of the Mississippi, but in portions of Texas conditions are unfavorable, owing to too much rain.
Advices received from Egypt report a rise in the Nile and consequently
improved crop prospects. To day there was an irregular market.
The opening was at an advance in response to stronger
foreign advices than expected; reacted under continued selling by longs and the South; rallied on foreign buying and
covering of short sales, but again reacted at the close. Final
prices showed a net gain for the day of 22 points for May
21 points for June, 18 points for July and 3@7 points for other
months. Cotton on the spot has been lower; prices declined
l-16c. on Monday, l-16c. on Tuesday, l-16c. on Wednesday
and ^0. on Thursday. To-day the market was unchanged,
closing at 9 5-16c. for middling uplands.
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few of the
jrrades
would be as
follows:
UPLANDS.
mon Tne8
Sat.
&ood Ordinary.
8S8
9^4
Sllie
95te
Low
Middling..
Middling
9"ie
aood Middling.,
lOWe 10
SfiddllngFair...
lOki
GULF.
Middling Fair..
STAINED.
8'8
989
101] ft
1014
lOUu
8ifl
9ifl
9%
911, «
939
908
8ifl
99l6
99.8
y'8
105 a 105i,
mon Tnea
8H
10i,«
9ifl
1058
85,6
914
97-6
8 ^9
9*ia
"Wed Th. Frl.
8i3ie
9^16
9 •'9
103,6
9^
839
95-6
Middling
Strict Middling
Qood Middling Tinged.
S-'s
93l8
9'8
8H
8^4
8ifl
89l6
9S,6
9»8
mon Tnes
Sat.
Low Middling
UTed TM. FrI.
10%
I07,p
Sat.
10
29,020
41,496
700
None.
3,800
4,450
32,346
41,599
21,075
10,692
lo&ie
105i
493,986
16,625
3,199
23,728
37,085
aood Middling.,
200
.3,199
Baltimore....
Philadelphia.
San Fran., Ac.
Total 1899. .
Total 1898...
5,180
700
None.
752 24,533
Middling
181,474
Brnnswiok...
11,031
2,500
92,658
14.210
21,123
5,858
6,703
7,279
74,616
18,309
None.
None.
3,942
609.243 1.460.819
61,375
66,70b
662,304 1,619.268
31,692
138.004
39,8:^8
Total 1900...
20.717
9.329
None.
418
None.
3,650
1,500
1,892
589,371 362.205
12,114
2,187
636,623 220.8il
101,312
49,261 10,247
Sayannah
1,000
Mtoek.
Total.
1,062
None.
None.
None.
None.
8i5ie
Exported to—
1,551
Other ports
DTorfolk
Ooastwi$e.
13,074
6,309
99 16
1899, to
Conti- lotal
Great
France
France
Brtt'n.
nent. Week. Britain.
Mobile
Pensaoola....
1,
Great
Qalveston
Bab. Pass, &o..
New Orleani.
Sept.
Sew York
None.
None.
None.
800
600
Oharleston
Mobile
752
None.
None.
None.
None.
None.
None.
None.
Low Middling..
for the week ending this evening reach a total
of 75,791 bales, of which 37,257 were to Great Britain, 2,756
to France and 35,778 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1899.
Irom
5,829
2.602
9ood Ordinary.
The exports
1900.
Other
Britain. France. Foreign
947
455
Binoe Sept. 1 6337,128 8155,194 8440.049 6628,167 6127,619 7781,402
W$ek Ending May 85,
Jaxported to—
L*a9ino
Great
318
17,890
Building.
ON SHIPBOABD, NOT OLBABBD FOB—
May
Cifew
Beeeipti
LXX.
[Vol.
TTed
TIi.
83 e
9i«
Frl.
7'6ie
99ie
8''9
8 "'a
91l6
95,6
9oie
for middling upland at New York on
25 for each of the past 32 years have been as follows.
1892
0. 75,6
1884,...o,ll»8
1876,...0.11%
1900. ...C. 95,6
8I4
16
1891
816,6 1883
1875
lO's
1899
18=8
1219
1890
1882
12%
1874
1898
67,a
llifl
105^
1889
1881
1873
7%
1897
19H
26i«
8ie
10
1888
1880
11%
1872
1896
17
738
111,6
13
1887
1879
1871
1895
914
714
Ills
22\
1886
1878
1870
1894
III9
7iii6 1885
11
28%
1877
1869
1893
Note.— On Oct. 1, 1874, grades of cotton as quoted were changed.
According to the new olasaittoatlon Middling was on that day quoted
Ibo. lower than Middling of the old classiiioation.
The quotations
May
88,291
182,814
87.267
2,766
35,778
76,791 2,110,800 678.066 2,700.128 6.488.984
22,863
10,638
36,688
70.089 8,326,003 722,018 2.717.980 6.766,f95
MARKET AND
Spot Mabkbt
Olosbd.
Satorday.. Quiet
Monday.... Quiet at 1,6 dec.
Quiet at !,« dec.
Tuesday
n^ednesday Easy at I19 dec.
Thursday.. Nom'l at H dec.
Friday...
Quiet...
. .
TotaL...
SALES.
FUTOBBB
Mahkbt
Closed.
Saubs of Spot
Irregular.
Oomtbaot.
Oon-
Con-
port.
tump.
tract.
Q't but st'dy
Steady
Quiet
steady
<b
Ex-
267
219
25
. .
3,700
1.100
3,000
219
514
267
3,700
1.S44
600
000
500
222
8,300
9,033
222
Quiet
Total.
3
I
—
«
May
THE CHRONICLK
26, 1900.]
—
POTURES. rhe highest, lowest and closing prices of
Futures at New York are shown In the following table.
00
g
I
:
:
:
^
:
:
*?:
i
:
^'.
:
*
:
00 -q
cocc
CD CO
CX>
dbob
00 do
i
d
I
I
I
d
^
CO
<0
'
o
I
d
<^^
^<1
<I>]
OOCD
00 00
05 tW
00 OD
0000
cow
»5<l
"^1
OD
co»
'
CO to
00
d
«
I
I
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fltook at
bales.
London
Total Great Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
j
*J
I
"cO
O
to
SI
I
CO
OD
o
O
O
1897.
1898.
1900.
1899.
599,000 1,477,000 1,171,000 1,125,000
6,000
5,000
5,000
5,000
604,000 1,482,000 1,177,000 1,130,000
19,000
12,000
16,000
27,000
325,000 301,000 315,000 189,000
3,000
2,000
3.000
1 ,000
!
—
B^* The imports
1,395,000 1,082,000
972,000
499,000
192,000
341,766
101,291
678,000 664,000
208,000 246,000
721,713 503,565
377,630 224,226
3.675
12,527
6,768
3,392,870 2,726,559 2,109,732
89,000 153,000
82,000
5,000
6,000
5,000
«2,300
65,200
42,300
115,000 129,000 139,000
21,000
12,000
26,000
293,200 287,300 391,300
3,392,870 2,726,559 2,109,732
3,686,070 3,013,869 2,501,032
338d.
6^40.
638d.
6'8d.
3i732d.
3932d.
SOsd.
69ieC.
413,8d.
6''8d.
32i?2d.
SSad.
into CJontinental ports the past
been 61,000 bales.
The above figures indicate a decrease in
pw
•
M;
W
O' MCOtO
:
;
to;
OS.
;
m; os*.oto
M
o
M ikODMMMtOM
l^.
cooscotocato
:
oic^^cs
toocstoos
cooi,
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to
00 03 QD l«k
03 03"
I
M
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MWtOM MifeCOCO
ts
to
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©
O
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ew
© O 05 00 CO CO 00 CO OD © CO If Oa — O
;
"
'
ip. cr.
cO(OOscoc;icoocococoMK^MooMif>-cotococnOOo
oscooscocn
to
4ied.
7\o
week have
the cotton in
sight to-night of 1,650,518 bales as compared with the same
date of 1899, a loss of 978,3 J7 bales from the corresponding
date of 1898 and a decline of 455,480 bales from 1897.
M
tOM
M
enoiencoenocoooQDODOSM
«-•
'MCOCnlooooo'coVcDOaoloWMo'bSOMOCDo'lFk'i^
*^
lt^©C0K)MCCMl«k00COenO3MCnCOO>lf^O3COCD©O: OSCOOOCOOSCOtSCOO
Mcocoaocot3coi(k»sencoo5COoeiiotoc>;o5 0cnc.naoao©05#>'05 03Mif^
OM
;
ikOOi^©eoa5Coao
toi«i>;
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en;
w'
i^tj;
oi
^
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'.
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to
Hitojk;
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OOtOCOOSMl
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:
o
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00
00
i""
ostoto:
en toco
coooitkOactototocDOs! tooic^©
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M
to
CO
O O
to
poso' 003COOOMCO
o ow'Ik'ccwi oV i^o MM ooM'ojcer'co
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to
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if^
03 to CD CO
OS
coos,
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t;i
1898-1899.
1899-1900.
•
_
,
Jfay 25.
Week.
Since
Sept.
Week.
1.
Since
Sept.
1.
Shipped—
Via dt. Louis...... ..............
Via Cairo
...
Via Paduoah
.......
Via Rook Island
Via Louisville
Via Cincinnati
..........
Via other routes, &o......
Total gross overland. ..........
Deduct shipments—
Overland to ». Y., Boston, &c..
Between interior towns.........
Inland, &o., from Soatb
Total to b« dAdnoted
*
......
6.299
1,560
7,799
3,942
809,118
220,731
11,63.=^
"204
57.'>
1,048
12,810
205,147
131.952
302,815
3'i*l6
3,529
6,943
888,995
387,879
19.892
42,967
177,824
164,977
183,932
25,329 1,866,466
9,686 1,694,203
6,319
205
315,274
78,896
91,103
2,377
503,188
43,962
86,880
3,303
480,273
9,242
634,030
8,050
48
546
16,087 1,232,436
Leaving total net overland*..
6,383 1,213,935
Inolndins movement br rail to Canada.
The foregoing shows that the week's net overland movement
year has been 6,383 bales, against 16,087 bales for the
1899, and that for the season to date the aggregate net
)verland exhibits a decrease from a year ago of 18,501 bales.
chis
week in
1898-1899.
1899-1900.
In Sight and Spinners'
Taktnffs.
Receipts at ports to
Week.
May 25
May 25.
Vet overland to May 25
Southern consumption to
Total marketed
nterior stocks in excess.
5i6d
63i8d
4133a.
4i3ad.
to
o M CO to to CO
o; en 05 W * O "^ d^
i(>.
OD o» 00 00 CO w>
j^^wpaio^y'topooMosOMpowppencoOjfipoctf'pen^o
o os o oo co co co co eo m o a> if --oco i^o o
The above totals snow that the interior stocks have decreased during the week 16,071 bales, and are to-night 206,648
bales less than at same period last year. The receipts at all
towns have been 14,557 bales less than same week last year.
Overland Movement for the Week and Since Sept. 1.
We give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
May 25 and since Sept. 1 in the last two years are as follows.
<
American —
491,000
672,000
American afloat for Etirope... 193,000
United States stock
282,252
United States interior stocks. 170,982
United States exports to-day..
18,013
Total American
1,827,252
East Indian. Brazil, «fic.
Liverpool stock
108,000
Londonstock
5,000
Continental stocks
30,300
India afloat for Europe
49,000
Egypt, BrazU, Ac, afloat
16,000
Total East India, dfO
208,300
Total American
1,827,252
Total visible supply
2,035,552
Middling Upland, Liverpool..
5d.
Middling Upland, New York..
95,ec.
Egypt Good Brown, Liverpool
7»i6d.
Peruv. Rough Good, Liverpool
7'^d.
Broach Fine, Liverpool
538d.
Tinnevelly Good, Liverpool...
5ii6d.
00
©C0Cnent0Mt0C0ltk00C3t0Oa<©lt^©lf^05O»M
ooOiu; cnos; a5c»o^otoocococ;<^^coaoootoaoo3COM005Qo
Wtoif^. ooto. M*'MCOl(^Oll»OOO^^MO*'CCO!^3*^cn|fk^o
M
.
p
,
bales
05 03M
*>•
Mcn. it^©tocotooococ;<c;iM. asoococo©aocoasOi ©enooooM
OS
CO
Stock at Rotterdam
300
300
300
200
Stock at Antwerp
8,000
9,000
3,000
4,000
Stock at Havre
192,000 203,000 221,000 215,000
Stock at Marseilles
6,000
3,000
4,000
6,000
Stock at Barcelona
81,00«
93,000 103,000
98,000
Stock at Genoa
43,000
63,000
70,000
38,000
Stock at Trieste
17,000
6,000
7,000
26,000
Total Continental stocks
702.300 743.200 706,300 581.300
Total European stocks
1,306,300 2,225,200 1,883,300 1,711,300
India cotton afloat for Europe
49,000 115,000
129,000 139,000
Amer. cotton afloat for E'rope. 193,000 203,000 246,000 192,000
Egypt, Brazil,&c. aflt. for E^pe
16,000
12,000
26,000
21,000
Stock in United States ports.. 282,252 721,713 503,565 341,766
Stock In U. 8. interior towns.. 170,982 377,630 224,226 101,291
United States exports to-day..^
18,018
12,527
6,763
3,676
Total visible supply
2,035,562 3,686,070 3,013,859 2,501,032
Of tbe above, totals of American and other descriptions are as follows:
Liverpool stock
Continental stocks
tOM;
C0O>i-««
00
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C^l
The Visible supply op Cotton to-night, as made up by
cable and telegraph, is as follows. Continental stocks, as well
ae those for Great Britain and the afloat, are this week's returns, and consequently all European figures are brought down
to Thursday evening. But to make the total the complete
figures for to-night (May 25), we add the item of exports from
the United States, including in it the exports of Friday only.
Stock at Ld?^erpool
•
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oooo
1
;
coco
d
00
to
en
1
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03 CO
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d
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ll
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o
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d
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00
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d
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1
d
coco
00
00
1
tCCJ>
I
coco
loco
c»»
1
003
00 o>
d
I
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1
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1
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cou
I
I
1
coco
d
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1
cxo>
§
coco
coco
coco
MO oo oo oo OO oo oooo GOOD
QOO ODO MO oo oo coco MM OO
Mc;<
oco 00 »- coo IP-O OS to
1
co«o
coco
taiI
(xoo
-j-i
cocn
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•
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c^eo
I
week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
•
Qi
I
aai
a
f
I
I
«
ODOO
toco
00
*
•
:
:
At the Inteeioe Towns the movement—that la the receipts
for the
oorresponding period of 1898-99—18 set out in detail below.
lIpw^Qwigw?
"^SS MO »><
IIk:
! •• iii
• i:• ittsaia
! > iilai
:
9
:
4
1055
Came
into sight daring week.
Totalln sight
May
25
Sinee
Week.
Sept. 1.
Since
Sept. 1.
32,433 6,337.128 38,058 8,155,194
6,383 1,213,935 16,087 1,232,436
82,000 1,141,000 26,000 998,000
70,816 8,692,063
16,071
t72.201
»
80,145 10385630
10,805 273,511
69,340
54,745
8,619,862
10659141
May 25 16,465 2.154.788 22,997 2.056.960
D«oreaBe during week.
t Less than Sept. 1.
In 1898 the week's movement into sight was 53,723 bales;
in 1897 reached 29,64-3 bales; in 1896 was 33,700 bales, and
in 1895 was 35,242 bales. The totals since Sept. 1 in the same
vears were 10,615,906 bales in 1897-98; 8,181,371 bales in 1896-7;
5,776,983 bales in 1895-96 and 9,592,407 bales in 1894-95.
C^orth'n spinners tak'gs to
*
—
«
...
.
.
THE CHRONICLE.
1066
Quotations for Middling Cotton at Other Markets,
Below are closing quotations of middling cotton at Southeri
and other principal cotton markets for each day of the weel
^.1
_
Week ending
rL<i«l.«(0
,
May
2o.
.
QT'mTATIONS FOB MIDDLING OOTTOF OV-
Hon.
Tue$.
9^4
93i6
9J4
914
9»4
914
918
9i«
914
Satur
Galveston.
New Orleans
93, a
9'«''
94
Wednen.
9^4
9
Thurt.
914
8X3,8
Fn
8i5ia
813 e
813,8
9»4
918
9
9J4
914
Charleston. Nominal. Nominal. Nominal. Nomlniil. Nominal. Nominal
9J4
Nominal
914
H'4
Wilmington.
8^
yi4
988
9ifl
988
908
9^
NorfolS
91 '16
908
9%
Boston
9%
96i8
99l6
9I4
»B8
9''8
9\
9%
Baltimore .
9\
V9.«
9'8
PUladelplila 10
9 5i6
9'3ia
99l6
9^6
938
9^
Angnsta
9^
9^
93fl
9i«
9J«
8 '9
91
9
»%
Memphis
8'5,8
93 8
9»16
91a
St. LonlB
815lfl
9'l6
914
»>4
9
i^^
Houston
.
93l6
93ie
9B9
9f>8
988
989
9»8
908
Cincinnati..
918
938
938
938
938
938
LoalBvllle...
Mobile
Savannab.
.
The closing quotations to-day (Friday)
at other important
Southern markets were as follows.
8%
Athens
8>4
Atlanta
ColnmbQS,Mis8
Eufaoia
888
Little Rock....
838
81s
Nashville
S'^s
Natchez
Raleigh
Shreveport
889
8%
MontKomerr,..
8%
S^u
Weather Reports by Telegraph.— Telegraphic advices
to us thia evening are in the main of a favorable character.
In a number of sections where moisture was needed there
have been beneficial rains and the crop is said to be developing
Oharlotte......
.....
OolombnSi Ga.
well although at tim-s the temperature has been rather cool at
night. In some districts of Texas there has been rather too
much rain. Planting is quite generally completed and
much low land in Texas has been replanted. Some bottoms
in that State, however, our reports indicate, are jet too wet
to replant.
Galveston,
Texas.—Rainy weather has retarded farmers
in
of the lowlands has been replanted,
weeding
have had
but some bottoms are still^too wet to replan''.
lain on three days of the week, to the extent of two inches
fields.
Much
We
The thermometer has ranged from
and ninety hundredths.
68 to 81, averaging 75.
Brenham, 3ea;<js.— There has been rain on three days of the
week, the rainfall reaching one inch and eleven hundredths.
Average thermometer 72, highest 84 and lowest 60.
Corpus Christi, Texas. Rain has fallen on three days dur
ing the week, the precipitation reaching one inch and fortyfour hundredth?. Toe thermometer has averaged 73, the
highest being 82 and the lowest 64.
Abilene, Texas —There has been rain on three days of the
past week, the prec.pitation reaching one inch and sixty-six
hundredths. The thermometer has avt raged 68, ranging
—
from 5i
to 82.
Memphis, Tennessee.
— Planting
54.
—We
6!.
Lampasas, Texas.
—
There have been showers on four days
during the week, to the extent of thirty-four hundredths of
an inch. The thermometer has averaged 71, ranging from
50 to 92.
Lyngvieir, Texas —It has rained lightly on three days of
the week, the precipitation being seventy hundredths of an
inch. Thermometer has ranged from 56 to 90, averaging 73.
There has been one shower during the
Paris, Texas.
week, the rainfall reaching twenty-one hundredths of an
inch. Average thermometer 68, highest 81 and lowest 53.
San Antonio, Texas. There have been showers on two
days of the week, to the extent of sixty-two hundredths of an
inch. The thermometer has averaged 74, the highest being
88 and the lowest 60
Shreveport, Louisiana.— It has rained on one day of the
week, the precipitation being twenty hundredths of an inch.
The thermometer has ranged from 58 to 86, averaging 71.
New Orleana, Louisiana.— We have had rain on one day
during the week, to the extent of ten hundredths of an inch.
has been completed and
—
—
— We
aging 73.
Madison, Florida. There has been rain on five days of the
week, the rainfall reaching two inches and sixty hundredths.
Average thermometer 79, highest 96 and lowest 68.
Savannah, Georgia. There has been rain on five days of the
week, to the extent of two inches and sixteen hundredth s»
The thermometer has averaged 74, the highest btieg 87 and
the lowest 65.
Auyustj, Georgia. We have had rain on four days of the
week, the precipitation reaching one inch and fourteen hundredths. Thermometer has averaged 72, ranging from 56
—
—
—
to 84.
—
Stateburg, South Carolina
Crops are progressing well.
Rain has fallen on three days during the week, the precipitation reaihing one inch and eighteen hundredths. Average
thermometer 73'1, highest 85, lowest 58.
Charleston, South Carolina. It has rained on four days of
the week, to the extent of eighty five hundredths of an inch.
The thermometer has ranged from 6<) to 88, averaging 76.
Greenwood, South Carolina.— Cotton has a good stand but
cool nights are somewhat complaine 1 ot. There has been
rain on two days of the week, to the extent of one inch and
forty-nine hundredths. The thermometer has averaged 70,
the highest being 81 and the lowest 59.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
3 o'clock May 24, 1900. and May 25, 1899
—
Average thermometer
77.
—
Vicksburg, Mississippi. There has been rain on two days
during the week, the precipitation reaching ninety-six hundredths of an inch. Average thermometer 72, highest 84 and
lowest 59.
Columbus, Mississippi. There has been rain on two days of
the week, to the extent of ninety-five hundredths of an inch.
Nights have been rather too cool. The thermometer has
averaged 70, the highest being 84 and the lowest 50.
Meridian, Mississippi.— It has rained on one day of the
week, benefitting grossing crop?, which are clean and in
good condition.
Dry weather has prevailed all the
Little Rock, Arkansas.
week. The thermometer has averaged 68, the highest being
84 and the lowest 52.
Helena, Arkansas. Crops are in good condition. We have
had splendid rain on one day of the week, the precipitation
reaching fifty-six hundredths of an inch.
Thermometer has
averaged 68.4, ranging from 51 to 84.
—
—
—
24, '00. ilfay 25, '99.
Feet.
New Orleans...
Sashville
141
9-7
40
29
21-7
..Above zero of gauge.
Above zero of gange.
9-4
20-8
10-9
39-4
-
Shreveport
Vicksburg
Feet.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Memphis
6-6
Our Cotton Acreage Report.— Our
cotton acreage report
Parties
June.
desiring the circular in quantities, with their business card
printed thereon, should send in their orders as soon as
possible, to ensure early delivery.
will probably be ready about the 7th of
India Cotton
Movement prom all Ports.— The
receipts
of cotton at Bombay and the shipments from all India ports
for the week ending May 24, and for the season from Sept. 1
to May 24 for three years have been as follows:
—
—
LXX.
generally stands are reported good. Part of the week the
weather has been a little too cool for growth. There has
been rain on three days during the week, the rainfall reaching seventy-nine hundredths of an inch. The thermometer
has ranged from 55 to 83 -4, averaging 66'7.
Nashville, Tennessee. Planting is over. Beneficial rains
have fallen in this section the past week, to the extent of fiftythree hundredths of an inch, but the weather is a little too
cool.
Average thermometer 66, highest 8t and lowest 49.
Mobile, Alabama.
Beneficial rains have fallen in the interior during the week.
Cotton plantins: is about completed
but condition is somewhat backward. Rain has fallen here
on four days, to the extent of seventy-seven hundredths of an
inch. The thermometer has averaged 77, the highest being
88 and the lowest 66.
Montgomery, Alabama.— M-Oisinre has done much good
and the crop is now developing promisingly. We have had
rain on three days of the week, the raiufall reaching twoinches and eight hundredths. The thermometer has averaged
74, ranging from 57 to 90.
Selma, Alabama.
have had rain on one day of the
week, the precipitation reaching ninety-eight hundredths of
an inch. The thermometer has ranged from 60 to 92, aver-
May
Huntsville, Texas.
have had rain«on two days of the
past week, to the extent of two inches ard 45 hundredths.
The thermometer has averaged 75, the highest being 88 and
the lowest
[Vol.
—
Dallas, Texas. There has been one shower during the
week, to the extent of eight hundredths of an inch. The
thermomtttr has ranged from 57 to 90, averaging 74.
Henrietta, Tieajas.— There have been showers on two days
during the week, the precipitation reaching twenty- one hundredths of an inch. Average thermometer 70, highest 86
and lowest
.
1899 1900.
Receipts at—
Week.
Bombay
11.000
1898-99.
Since
Week.
Sept. 1.
849,000
Since
Sept. 1.
1897-98.
Week.
Sine*
Sept. 1.
34.000 1,806,000 73,000 1,497,000
For the Week.
Since September
1.
Sxports
from—
Great
Britain.
Bombay—
1899-'00..
>>-
1898-99
2,000
.
1897-98..
Continent.
Continent.
Total.
7,000
15,000
16.000
7,000
17,000
15,000
3.000
14.000
9,000
72.000
434,000
312,000
448,000
321,000
4,000
4,000
1,000
2,000
3,000
19.000
20,000
15,000
20,000
22,000
18,000
1.000
l.COO
2,000
2,000
2.000
7,000
17,000
3.000
9.000
19,000
5,000
2.000
2,000
6,000
2 000
6,000
1.000
7,000
11,000
40.000
f 3,000
68,000
41,000
90.000
79,000
14,000
17,000
21,000
14,000
20,000
21,000
7,000
2^,000
25,000
138,000
.^34.000
145,000
579,000
423.000
€Hreat
Britain.
Total.
7.5.000
Calcutta—
1899-'00..
1898-99..
1897-98..
Madras—
1899-'00..
1898-99.
1897-98..
All others—
1899-'00..
1898-9i»..
1,000
1897-98..
3000
Total all—
1899-'00..
1898-99..
1897-98..
3,000
398,000
According to the foregoing, Bombay appears to show a
decrease compared with last year in the week's receipts of
23,000 bales. Exports from all India ports record a loss
of 6,000 bales during the week and since September 1 show
a decrease of 431,000 bales.
:
May
26,
.
.
THE CHRONICLE.
1900,]
1057
Alexandria Receipts and Shipments of Cotton. Government Weekly Cotton Report.— Mr. James Berry,
Througharrangements we made with Messrs. Davis, Benaohi Chief of the Climate and Crop Division of the U. S. Weather
&Co.,of Liverpooiand Alexandria, we nowreceive a week)j Bureau, made public on Tuesday the following telegraphic
cable of the movements of cotton at Alexandria, Egypt. The reports on the crops in the Southern States for the week endfollowing are the receipts and shipments for the past week ing May 21
and for the corresponding week of the previous two years
Virginia.— Cotton being planted; drought broken by fine rains last
:
of week.
Alexandria, Egypt,
May
23.
1899-1900.
1898-1899.
4.000
6,413.000
11 000
5,548,000
Receipts (oantars*)...
This week
Since Sept. 1
This
week.
«
1897-98.
6,000
6,501,000
Since
IMS
Since
TMs
Since
Sept. 1.
week.
Sept. 1.
week.
Sept. 1.
2,000 377.000
4,000 373,000
4,000 296,000
3,000 314,000
2,000 318,000
8.000 387,000
Total EoropQ
6,000 750,000 7,000 610,000 10,000 705,000
pounds.
America In 1899-1900, 69,948 bales; In 1898-99,
t Of which to
45.913 bales: In 1897-98. 48,192 bales.
'
A oantar Is 98
Manchester Market.— Oar
report received by cable
from Manchester states that the market is dull but
steady for yarns and quiet for shirtings. The demand for
both home trade and foreign markets is poor. W* give the
prices for to-day below and have those for previous weeks
of this and last year for comparison.
to-nifi;ht
1899.
1900.
8I4 lbs. SMrt- Oott'n
8H lbs. SMrt- Oott'n
32s Oop, ings, common Mid. 82s Oop. ings, common Mid.
Twist.
d.
d.
Ap.20 9H -99^
27 83,«»9l6
May 4 33i6'»9
"11 8ii8*9
" 18 8
99
" 26 713iBt»8''8
••
lipids
to finest.
8.
d.
5
6
6
5
5
5
5
5
5
s.
3>8
d.
6
5
d.
-as
4ifl«8
412
i^tDS
3
51632
51532
57,«
S'l,
514
lifl
5
3
®8
®8
4ifl
Tvoist.
d.
d.
TJpldt
to finest.
s.
d.
s.
d.
d.
Siiie-se^ie 4
5«8 »6i« 4
55g -aeifl 4
2 ®6 11
2 '36 11
2 IDS 11
5lti6«69i6 4 2 ^7
a-ess 4 2ia®7
338
338
338
31333
5%
338
5V
3)658
4
2ifl»7
sunshine; temperature and rainfall Imall planted, growth slow, stands full
SonxH Carolina.— Normal
proved crop conOitions; cotton
Exports (bales)—
To Liverpool
To Continent t
North Carolina. —First half of week intensely warm, bright, and
dry, but drought broken just in time by copious showers of iLestimable value; soil eoftened, vegetation revived and plnnts started into
vigorous growth; late-planted cotton now coming up well some yet to
be planted; chopping cotton and cultivating crops proKressintr.
SSft
Failure on the Cotton Exchange.— Messrs. Price, Me.
Cormick & Co., the most conspicuous house in cotton specu
lation this season, made announcement on the floor of the
New York Cotton Exchange on Thursday of their inability
to meet their engagements. The house has been foremost in
speculative operations all the season, and had been credited
with the intention to force the August option to 10 cents. For
some time they have been heavily long of that month, and
the rapid decline in quotations the last ten days drew so
largely upon their resources that Thursday morning they
were unable to meet further calls for margins. Following
the announcement of the suspension, the May option, which
had held relatively steady, began to decline rapidly, and before the close of the market lost 78 points. July also fell off
sharply, losing 44 points from the previous day's close, but
in August the falling off was less decided (19 points), previous liquidation having largely removed the pressure from
that month. The indebtedness of the firm to Cotton Exchange houses is reported to be about S'lOO.OOO. The total
liabilities of the ^concern are placed at $13,000,000, but an
statement issued late yesterday states that nearly all
of it is well secured. In addition to the Cotton Exchange
they held memberships in the Stock Exchange and Produce
Exchange and the Chicago Board of Trade.
official
New York Cotton Exchange— New
out irregular in size.
Georgia.— General conditions improved by seasonable temperatures; ample sunshine and copious snowers latter part of week; cotton
chopping about completed in South, prosressing in Miditle, and begun
in North portion; late-planted cotton not eomiug up well.
Florida.— Favorable for work; chopping cotton finished in some
sections; rain needed on uplands.
Alabama.— Days warm, nights cool, moisture deficient; cotton
healthy, though rain needed to germinate late planted.
Mississii'Pi.— Beneficial rains middle of week improved general
crop and soil conditions; good stand of cotton, being worked rapidly,
worms doing slight damage.
0018IANA.—Nights too cool, otherwise very favorable; cotton small
and growing slowly.
Texas.— General showers on four days hindered farm work; crops
foul in many 1 icalities; some bottom land in lower Brazos Valley will
not be cultivated; cotton planting progressed nlowly in Central and
South portions, but is nearing completion In Ni)rtli portion.
Arkansas.— Weather favorable for farm work. Uaht rams general,
heavy in tew localities; nights too cool to advance vegetation; cotton
chopping progressing, stand fair to good, plant small
Tennessee.— First of week warm and dry; showers 18th, followed
by cool weather; rains mostly insufflolent, but Induced germination;
cotton making slow growth, cool nights injurloas.
Oklahoma and Indian Territory.- Condition of cotton fair to
good too cold and wet.
Missouri.— Cotton doing well.
These reports on cotton are summarized by the Department as follows:
Cotton has made slow growth, especially over the Central and West,
ern portions of the cotton belt, the nights being too cool. In Oklahoma and Texas there has been too much rain, while rain Is needed
for late-planted cotton in portions of Alabama and Georgia. In Texas
lields are grassy, but elsewhere cultivation has made favorable progress.
Cairo, Egypt, under date
22 are to the effect that, according to the Inspector
General ot Irrigation, Egypt's cotton crop will be saved, the
flood of the Nile having begun to increase and having already
passed Khartoum. The area in cotton is estimated to be
larger than ever before, the growth is said to be very good
and irrigation satisfactory. Cultivators, it is reported, expect a large crop, despite the unusually low Nile.
Egyptian Crop.— Advices from
of
May
Domestic Exports op Cotton Manufactures.— We give
below a statement showing the exports of domestic cotton
manufactures for March and for the nine months ended
Mch. 31, 1900, and for purposes of comparison like figures for
the corresponding periods of the previous year are also
presented
.!U«»*titi«« 0/
ManufactwTit of
Cot-
ton (colored and uncolored)
exported to—
'
Jenoanr
3ther oountries In Europe.
British
. .
North ^merloa
& Brit. Honduras
1,189.38:2
408.S05,
nexioo
janto Domingo
,.........»•••
vQba
Puerto Rloo
other W. Indies & Bermuda..
Argentine Repabllo
237.7/9
40l),80s
38,017
l,807.y62
814,097
447,t6e
264,098
•••••
iraill
A
settled.
Onited States of Colombia...
Other ooun tries In S. Amerloa
Obina
8rltl8b Bast Indies
2.300.07(
23,480.815
1,746,207
9C,84U
17,301
185,377
254,200
61,v:00
4,608.971
46,040
21,468
Total valnei of above.
/alae peryard
ing selections to be voted for at the annual election on June
4 have been announced by the Nominating Committee: President, Samuel T. Hubbard; Vice-President, J. Temple Gwathmey; Treasurer, George Brennecke.
Board of Managers:
George W. Baily, E A. Fachiri, Robert P. McDougall, H.
Hagedorn, George F. Jones, David H. Miller, H. Norden, M.
J. Parrott, James F. Maury, William Ray, Robert H. Rountree, William Tabbs, Frederick Van Riper, Edward E.
7aluei 0/ othtr Manutaetvrts
4,940,093
'
63,fl()7
li^,69tf
2,948,881
1,241, ;6v
157.887
766,271
6,64 ,097
11.940,632
6.7.<8,9.l4
8U1.47?
844.744
482.491
l,2l4,dU3
6.6)0,458
2,2-6,420
485.711
1,0^3,479 15,269,89'^
1.604.0 3
247,043
767,800
4,9 9,lt<8
3.752.659
881,573
2,771,2d3 16 276.000
23,433,69e 156,»30,265
e,'.i87,»6l
4H7,6«0
246,40«
69,404
9,0U0
368.260
2.059,202
159.879
2.782,481
331.457
212.191
29.712.170
8,092,198
8,480.473
l,«66,e3'
24.976
1898-99.
0.174.210
14,3o7
173,102
1,<14,721
14,696,118
9,276,110
5,9s7,2ei
2.662,309
4,056,780
1.001,304
14,264,308
2,2^ 4,339
7,196.271
6,734,301
25,886,877
159.037.906
6,381,446
454,516
499,298
1,578.237
2.168,576
20.058.529
6,761,888
26.100
46,466,969 a87,715,667 209,068.034
|a,ll&,904
$1,900,184 $14,368,782 $13,740,417
$-0490
$-0483
$-0460
o]
Cotton exported to—
United Kingdom
f ranoe
44.728
$480,860
l,8o7
4:8
81,848
20,a78
242,395
37,326
38.786
4,0«S
29,586
7,999
af8.«64
10.818
251.860
116 800
1.604,738
lf*.w^O
298,:<68
166503
40,9S8
318,713
13.160
$106,670
Other oonntrles in Europe
•^Tttlsh North Aranrlna
Centn Amer. k British Honduras
d«xloo
Janto Domingo
Cuba
Puerto Rloo
Other W. Indies and Bermuda....
Argentine Bepnbllo
Brazil
Dnlted States of Colombia
Other countries In 80. Amerloa.
China
British
1899-l«00.
1,65S,375
39,928,735
rOoSO
9ermany
New York Cotton Exchange Nominations.—The follow-
12.673
88,04d
M2;i,5io
Commission Rule.'—
The New York Cotton Exchange met Tuesday afternoon to HonK Kong
consider the new commission law which is to be included in Japan
^rit. Posfies'nsln Australasia
the present by-laws. A few changes were made in the pro- Hawaiian
Islands
posed law, as published in the Chbonicle of May 12, pages Philippine Islanas
)tiiei Asia and ooeanioa....
953 and 954. The changes were as follows: eliminate the sec- Afrloa
ond paragraph beginning "two dollars and a half;" also Other oountrles
eliminate fourth paragraph beginning "excepting."
The
Total yards of above..
penalty for offense against the new law was also altered so as
to provide for expulsion in any event. The law will now go
back to the Board of Managers for approval, and will then
be sent to the Exchange for final adoption.
meeting will
be held June 5, at which it is believed the question will be
652,801
9 moB. ending ilch. 31
32,iill
France
Cent. Amer.
31.
1899.
1900.
yards
amted Kingdom
Month endino Mch.
Bast Indies
Kong
16,201)
667
9,770
1,848
3,486
3,241
6.782
1,0 <6
121
1.268
18.713
47,166
$326,654
17,088
154,160
61,678
1.388,578
16,210
23,715
2;<5.-ll
318.126
6,088
285,150
23,748
60,183
10,700
95,130
53,864
83,046
83,728
36.864
16,002
2,087
13,471
152,488
222,602
104
6,839
12.678
89.119
4B.O»8
14.267
66.176
87,011
2,033
2,064
18,516
4.275
17.377
8.952
8.907
8.219
8.873
1,660
19b
1.0
•-
133.U2
23,'-8b
117.614
16,113
83 605
86,061
&4.46c
11.771
4,088
9,318
Moore and Henry H. Wheeler. Trustee of Gratuity Fund,
to serve three years, Nathan Herrmann.
Jute Butts, Bagging, &c. There has been a very light
business in jute bagging during the week under review, and
prices are as last quoted, viz.: 7^c. for \% lbs. and 7^c. for
Honft
2 lbs., standard grades. Car-load lots at |^c. above these
prices, f. o. b.
Jute butts continue very dull at I'OSe. for
paper quality and l^c. for mixing to arrive.
Total value of other manufsc
$649,258 $t.218,672 $3.284.37e
$655,268
tores of
$2.600.3921$ 8.667,43« $17,024,780
$2.771.172
good
s
ootton
all
of
value
Aggregate
—
Australasia
Hawaiian Islands
Philippine Islands
ooanirles in
)tner
<^ritif>h
Ooeanioa
4irloa
ittaer
oountriea
Asia
and
12,436
7*<6
i.ezd
.
.
THE CHRONICLE.
1058
—
Famine in India. Cable advices from London indicate
that the Secretary of State for India, Lord George Hamilton,
in replying to a question in the House of Commons on Thursday, said that he regretted that no material change for the
better had yet taken place in the famine-stricken districts.
The showers, he said, had done some good in parts, but the
monsoon was still awaited.
'
Nbw York— To
Liverpool, per steamers Georglc, 8,652
Philadelphian, 61
To Hull, per steamer Galileo. 251
To Manchester, per steamer Manchester Shipper, 3,731
upland and 7b Sea Island
To Bremen, per steamer Main, 3.^01
8,713
251
3,807
3,601
100
To Hamburg, per steamer Gral Waldersee, 100
Rotterdam,
To Rotterdam, per steamers Maasdam, 39
200
To Barcelona, per steamers Werra, 98
Marco MinTo Genoa, per steamers Christiana, 100
1,309
ghetti, 200. ...Werra, 1,009
To Naples, per steamers
239
98
299
Liverpool— May
1.551
PBN8ACOLA— To Liverpool— May 19— Steamer «racia, 3,085...
To Hamburg-May 17— Steamer Torino (additional), 239...
To Genoa-May 19— Steamer Carlisle, 983
Wilmington—To Falmouth— May 25— Steamer Aciuilla, 7,846.
NoBi OLK—To Rotterdam— May 19— Steamer Nerano, 200
May
Boston- To Liverpool— May 18— Steamer Sachem, 200
23— Steamer New England, 2,999
Baltimore- To Bremen— May 23— Steamer Rhein, 4,908
To Rotterdam— May 18— Steamer Durango, 123
1,551
3,085
239
983
7,846
200
3,199
4,908
123
75.791
Total.„«..«..^..^..«.
......»i..^
bales
since
shipments
have
been
18,076
To Japan
Sept. 1
from New York, 5,050 bales from Baltimore, 43,240 bales
from Gah eston, 35,359 bales from New Orleans, 9,650 bales
from Pensacola, 14,353 bales from Savannah and 167,091
bales from Pacific Coast. To Cnina, 8,133 bales from New
New York
the past
week have been
as follows.
Wtdnet. Tkurt.
aaiur.
3fOM«
Tuet.
c.
27
35
30
27
40
30
27
40
30
c.
33®35
33935
Trieste, direct... c.
35
35
47
47
47
26
40
35
35
47
47
47
26
40
35
35
47
47
47
26
40
35
35
47
47
47
26
40
35
35
47
47
47
26
40
Antwerp
^32
^32
^32
^32
^33
e.
c.
Hamburg
Amsterdam
c.
Rotterdam
c.
Reval, v.Br-Hamc.
Do
Do
V. Hull...c.
V. St. Pet.c.
Genoa
c.
d.
27
40
30
Fri.
27
40
30
27
40
SO
33®35 33®35
33'3>35
35
35
47
47
47
26
40
"32
Ghent,v.Antw'p.d.
3] 6
3l«
hs
3l8
3l6
Qaotatlons are oenta per 100 lbs. or firactiona of a penny per
week
bales.
Of which exporters took...
Of which speculators took.
Sales American
Actual export
Forwarded
Total stock- Estimated
Of which American- Est'd.
Total Import of the week
Of which American.
Amount afloat
Of which American
4.
57,000
2,100
100
50,000
6,000
63,000
670,000
561,000
92,000
77,000
74,000
66,000
itaj/ll
71,000
1,400
200
66,000
7,000
53,000
653,000
545,000
43,000
36,000
63,000
50,000
May
18.
55,000
1,000
1,400
51,000
9,000
58,000
625,000
519,000
39,000
29,000
53,000
40,000
May 2b
34,000
31,000
4,000
45,000
599,000
491,000
23,000
16,000
46,000
36,000
The tone of the Liverpool market for spots and futures
each day of the week ending May 25 and the daily closing
prices of spot cotton, have been as follows.
Spot.
,
May- J una..
June-July. .
July-Aug..
Aug.-Sept...
Sept. -Oct....
Oct.-Nov.-.,
Nov.-Dec...
Deo.- J an....
Jan.-Peb....
Feb.-Moh...
d.
08
07
05
02
59
40
28
23
21
4
14:5
4
1:45
4
1:45
1:45 4
P.M. P.M.
M. p. M. P.M. P.M. P.M. P.M.
d.
d.
d.
09 5 07 5
5
07 5 05 5
5
05 5 03 5
5
03 5 01 4
4
60 4 58 4
4
40 4 39 4
4
4 28 4 27 4
4
4 23 4 22 4
421 4 20 4
4
4 19 4 20 4 19 4
4 19 4 20 4 19 4
5
d.
5 01 5
4 63 5
4 61 4
4 59 4
22 4 19
20 4 17
18 4 16
18 4 15
4
53 4
4
d.
d.
d.
4 62
4 60
4 58
4 56
4 50
4 58
4.56
4 53
4 41
4 45
4 28
4 18
4 14
4 12
4 10
4 10
4 55
d.
04 4 64
03 4 62
01 4 60
63 4 59
56 4 52
37 4 34
26 4 23
5
5
5
5
4
4
4 34 4
4 24 4
20 4
4 18 4
4 17 4
4 16 4
02
00
63
61
54
36
26
22
20
18
18
o
4 3H
4 23
«0
420
4 18
416
4 16
4 53
4 51
4 49
4 42
4 27
4 17
4 14
412
4 10
ilO
Mch.-AprlJ..
BREADSTUFFS.
Friday,
Sat'day.
Monday. Tuesday. Wed'day. Thurtd'y Friday
Quiet.
Moderate
demand.
May
25, 1900.
The prospective improvement
in the demand for wheat
flour has failed to materialize, only a small volume of business being transacted for the week.
The market for the
grain showed an easier tendency early in the week and this
had an influence to hold buyers in check.
Nevertheless, the
indications have been that the trade is working on light
stocks and sellers have shown confidence in the situation
holding steady at unchanged prices. City mills have been less
active but steady. Business in the market for rye flour has
been quiet, but prices have held steady. Corn meal has been
in moderately demand, but at slightly lower prices.
Speculation in wheat for future delivery has continued on
a moderate scale only, and no decided changes have occurred
in prices. Early in the week there was a fractional decline
in values, largely from sympathy with a decline in the corn
market and under realizing sales by longs.
During the
latter part of the week, however, the market again turned
steadier, prices on Wednesday advancing %(i.@%c. Foreign
advices were stronger, crop news from Europe was unfavorable, particularly in France and Southern Russia,
There
was some buying for European accounts and weather
conditions
in
the Northwest continued
unfavorable,
rains being needed.
Thursday there was a slightly
higher market during early 'Cbange, on less favorable
crop news from some of the winter-wheat States. Subsequently, however, the improvement was lost, rains in some
sections of the Northwest having a tendency to ease the
market. Advices received, however, stated that mora moisture was needed, and unless there were general rains in the
near future considerable damage to the crop will result.
Business in the spot market has been quiet and prices have
followed futures. To-day there was a quiet market, and
prices weakened slightly under the continued large Argentine shipments. There were rumors of rain in the NorthBusiness in the spot
west, but they lacked confirmation.
market was quiet. Sales for export were 80,000 bushels.
DAILT OLOSINO PBICES OP NO. 2 BED WDfTSB IN NKIT YORK.
Fri.
8at.
Mon. Tues.
Wed. Thurs.
79''8
S0i«
79''8
8038
80ifl
90^
Cash wheat f. 0. to
May delivery
in elev
7lifl
Jtily delivery in elev
7258
7313
Sept. delivery in elev....
DAI1.T CLOsnra prices
lb.
—
Sales of the
d
May
3 16
Liverpool. By cable from Liverpool we have the follow
ing statement of the week's sales, stocks, &c., at that port,
May
1
3,108
4,221
3,027
Steamer Lizzie Westoll, 1,700
2,756
To Havre— May 24-Steamer Spanish Prince, 2,756
494
To Hamburg— May 18— Steamer Gracaria, 494
5,649
To Bremen— May 23-8teamer Hatasu, 5,649
2,347
To Antwerp-May 23- Steamer Wineland, 2,347
1,200
To RotterdamMay 25— Steamer Llanover, 1,200
7,880
To Genoa— May 24— Steamer Oleta, 7,880
1,902
To Venice-May 21— Steamer Istok, 1,902
1,514
To Trieste— May 21— Steamer Istok, 1,514
Galveston—To Hamburg— May 18— Steamer Cape Corrientee,
Liverpool
1212
P. M. P. M. p.
1,441
To Belfast— May 22— Steamer Qlenarm Head, 4,221
May 23—
To Hull-May 22-Steamer Bergona, 1,327
Havre
Bremen
19.
22—Steamers Wanderer,
3,108
York, «&c.
Cotton freigHts at
Mon. Tues. TTed. Thars. Frt.
May2\. May 22. May 23. May 24. May 25.
Sat.
May
Marco Min-
Christiana, 842
ghetti. 300.. -.Werra,
New OBLBAN8— To
LXX
The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
* The prices are given in pence and 64(As. Thus: 4 63 mean$
4,m 64d.. and 5 01 means 5 l-64d.
Shippinq News.— As shown on a previous page, the
exports of cotton from the United States the past week have
reached 75,791 bales. The shipments In detail, as made up
from mail and telegraphic returns, are as follows:
Total baleu
[Vol.
May deUvery
of
Sat.
m elev
65%
71i«
ll^e
72^8
7213
72'8
73
no. 2 spkiho
Mon. Tues.
6538
6hH
6658
6688
71^
m
71!^
72 12
72 1«
7338
7338
7113
7238
73^4
CHICAGO.
Wed.
66^4
6713
Thurs.
Fri.
66i6
66ie
67
67>e
fairly active
67
July deUvery in elev
Speculation in Indian corn ftrtures has been
and early in the week prices declined. Monday there was a
break in values of l^@lj^c. Cable advices were weaker,
weather conditions in the corn belt were favorable. There
were rumors from the interior of the country and predictions of an increased crop movement. These developments
have a tendency to prompt selling by longs to realize profits,
and under the increased offerings prices gradually gave way.
Tuesday the market held steady and on Wednesday there was
a firmer market, prices partially recovering the decline.
Advices from the West report small country acceptmaterialize, forances, the larger receipts failed to
there was renewed
eign advices were stronger, and
buying far investment account. At the decline in prices
early in the week there was a decided improvement in the
export demand and this, too, had a strengthening influence.
To-day there was a quiet and slightly easier market, with no
new developments of importance. The spot market was
fairly active and steady sales for export here and at out;
Market,
ket, )
1:45 p. M.J
Mid. Upl'ds
Bales
Spec. &exp.
514
3,000
Quiet.
5732
Easier.
5^32
Moderate
demand.
518
Oash com,
7,000
6,000
8,000
8,000
600
500
500
500
1:45 F. M.
Market,
4 p. M.
May
f.
o.
b
delivery In elev
—
July delivery in elev.
Sept. delivers In elev
..
Bat.
M07i.
43
Steady at Quiet at
Easy at
Irreg. at
\
l-«!4@2-64
advance.
1-64 decline.
4-64 decline.
Steady.
\
\
Steady.
Easy.
Steady.
Easy.
\
7-e4®10-64
dec.
Steady.
May
delivery In elev
m
NETV^
YORK.
Tues.
41^8
Wed.
Thurs.
Fri.
425s
421.2
4208
41H
42
4158
4238
42^4
41^
i'^^•^
41^8
4II4
4338
42^
43''8
4258
2 MIXBD
DAILT CLOSING PRICES OF NO
Futurei,
Market,
ports were 370,000 bushels.
DAILY CLOSING PRICES OP NO. 2 MIXED COBM
4216
4218
OO&N
Sat.
Mon.
Tiies.
3738
3638
36»fl
42%
^'iH
4258
431^
IN €HI0.4.GO.
Fri.
Thurs.
Wed.
36\
3738
3t>"6
37»4
37'%
3738
36^8
38
36-s
July delivery in elev
Oats for future delivery at the Wt stern market have
been quiet, and the fluctuations in p C ces have been within a
\
..
.
May
THE CHRONICLE.
36, 1900.J
narrow range.
Early ia the week there was a fractional decline in prices, the decline in other grains having a tendency
to make bear operators more aggressive, and under these
offerings values weakened slightly. Subsequently, however,
there developed a steadier tone, and the loss was partially recovered.
Business in the spot market has been moderately active at steadier prices. To-day the market for futures
was easier, with the country selling. The spot market was
steady.
DAILY OliOSIMa PRICES OP OATS
m NBUT YORK.
ifOH,
Tue».
Sat.
Wed. Thurs.
Fri.
No. 2 mixed In elev
27
26\
26%
27
27
27
Ko. 2 white in elev
28ifl
2812
281^
28%
23%
28%
DAILT OLOSIMO PBIOBS OF NO. 2 MIXED OATS IN CHICAGO.
8at.
Ifon.
Tuea.
Wed. thurs.
Fri.
21''9
2II3
21%
2216
21''8
July delivery in elev
2214
2II3
21%
22
2158
Rye has been in limited demand and firmly held. Barley
VLaiy delivery In elev
21%
22ifl
has been in slow demand with the tendency in buyers' favor.
Following are the closing quotations:
PLOOK.
40
Patent, winter .... $3 60 -a 3 80
Superfine
2 20
50
City mills, patent.. 3 85 ®4 00
Kxtra, No. 2
2 20 ®2 60
Ryeflonr.supertlne 2 90 ®3 50
Extra, No. 1
-9 ....
2 45 -92 90
Buckwheat flour
Clears
2 70 ®3 40
Com meal—
Btraights
3 30 -aS 50
Western.eto
2 40 «2 35
Patent, spring
3 60 '94 30
Brandy wine
2 40 a 2 45
(Wheat flour In sacks sells at prices helow those for barrels.)
Fine
$2
1.5
t»2
'32
OBAIN.
Wheat, per busn.—
c.
Hard Duluth, No.l 75
N'thera Dul., No.l
Red winter. No. 2.
N'thern N.Y. No.l.
Oats— Mix' d, p. bush.
:
.
73
Com, per bush.—
o.
Western mixed
No. 2 mixed
Western yellow
Western white
®76'^8
-317478
781^ '98038
71i8®73
Rye, per bush—
western
26iaa2flifl
White
No. 2 mixed
28i2®33
No. 2 white
28%®29%
27
®28
0.
40i4'a43''8
40%®43'78
42 ®43''a
42 is^Z'^^
®61%
57
State and Jersey.... ..58
Barley—Western
Feedint:
-962
®52
50
4134®49
Government Weekly Grain Report.— Mr. James
Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Toesday the telegraphic reports on
the grain crops in the various States for the week ending
May 21, as follows
Weather.— A-bundant rains have relieved drought conditions in the
:
Middle Atlantic States; but droufrht continues in the upper Missouri
Valley, Minnesota and Northern Wisconsin, and the need of rain is beginning to be felt in portions of the East Gulf States and Florida. The
temperature conditions on the Pacific Coast, in the upper Missouri
Valley, and over the greater part of the country east of the Mississippi River have been favorabie for rapid growth, especially in the
Ohio Valley and Middle and South Atlantic States, although complaints of cool nights are received from Tennessee and the Central
Gulf States. From Nebraska and Wyoming southward to the Rio
Grande the week has been abnormally cool and unfavorable tor the
advancement of crops. On the Pacific Coast crops have made satisfactory growth, aitliough drying winds proved detrimental to late
grain in portions of California.
Corn.— In the States of the lower Missouri and upper Mississippi
valleys corn has experienced less favorable conditions than in the
previous week, owing to prevalence of low temperatures and excessive moisture. In the Ohio Valley and Middle Atlautic States the conditions have been highly favorable for germination and growth, aa
well as for planting. In Minnesota and the Dakotas planting is nearly
finished, and In Wisconsin and Michisan is well advanced.
Wintek-Wheat.— More numerous reports of irjury to winter-wheat
by the Hessian fiy are received than in the previous week, especially
in the States of the Ohio and Central Mississippi valleys, but otherwise the crop has made satisfactory advancement, although too rank
growth is reported from portions of Nebraska and Texas. On the
Pacific Coast the outlook continues generally favorable.
Spring-Wheat.— Over the Northern portion of the spring- wheat region rain is generally needed, especially for late sown spring-wheat,
but over the Southern portion the crop is doing well.
Oats. -Oats have made slow growth in the upper Missouri and Red
River of the North valleys, and although recent rains have improved
the condition of the crop In the Ohio Valley and Middle Atlantic
States, unfavorable reports continue from these districts. Generally
throughout the Gulf States, lower Missouri and Central Mississippi
valleys the outlook continues satisfactory.
Tobacco,— Transplanting of tobacco has begun in Kentucky, Ohio
and Maryland, conditions being very favorable for this work in Virginia and North Carolina. The supply of plants continues abundant.
Fruit.—The fruit outlook continues encouraging, although apples
are dropping quite extensively in the lower Missouri, Central Mississippi and Ohio valleys, and in some of the Southern States.
For other tables usually clven here aee page 1033.
THE DRY GOODS TRADE.
New
packages, valued at |253,604, their destination being to the
points speoified in the tables below
New York
25, 1900.
The only favorable feature in the dry goods situation at
first hands during the week has been the continued demand
for heavy brown cottons for export, and that has been less
pronounced than last week. The home trade has not increased its purchases in any direction, and business on its
account has been limited. Neither the jobbing nor the
manufacturing trades are placing orders, except with marked
conservatism, and but little interest is taken in the situation
beyond positive requirements. In both cotton and woolen
goods the general tone of the market is easier and the
tendency of prices is towards a lower level in various directions.
The course of the market for raw material has had
an adverse influence over the market for cotton goods and
there has been no strength in wool to offset the influence of
a decidedly slow business coming forward. It is expected
that the Fall River committee will shortly make a radical
reduction in the price of print cloths, as outside markets are
making sales at %c. to i^c. below Fall River quotations. The
jobbing trade has ruled quiet but the retail trade has been
fairly active.
—
Domestic Cotton Goods. The exports of cotton goods
from this port for the week ending May 21 were 6,195
to
May
1900.
1899.
21
Week. Since Jan.
54
10
Great Britain
Other European.
China
22
2
913
448
16,356
107,355
1,494
21,398
6,177
12,160
160
110,487
7,856
17,779
2,107
10,134
1,453
5,121
19,541
3,515
6,195
179.446
19,127
1,832
33
658
80
119
Africa
West Indies
Mexico
Central America..
South America...
Other Ooantries.
3,229
Total.
Since Jan. 1,
yi/eek.
1.
820
633
30
India
Arabia
"529
535
778
68
219
521
97
1,981
4,158
20,254
4,080
180,418
The value of the New York exports for the year to date has
been |7,343,676 in 1900, against |6,318,446 In 1899.
The market for brown cottons has shown a quiet business
doing for export on the basis of prices established last week,
bat only a slow demand from the home trade for any weight
has been reported, at irregular prices. In fine grey goods the
market has been inactive. Bleached cottons are only selling
in small quantities. There is no change from open quotations in leading makes, but in some other directions the market is in favor of buyers. Denims are irregular, with a light demand. Other coarse, colored cottons unchanged in price, with
a limited business doing. Wide sheetings and cotton flannels
and blankets are steady. Kid-finished cambrics easy. The
demand for light fancy prints is limited at irregular prices.
Staples steady with a moderate demand. Ginghams are unchanged in all respects. Regular print cloths neglected at
Fall River, where the price is nominally 3i^c. other sellers
accepting 3c. to 3i^c. per yard. Odd goods dull.
Woolen Goods. The market for men's wear woolen and
worsted fabrics has ruled weak in fancies in both all-wool or
worsted and in cotton mixed varieties, and some lots have
been cleaned up at considerable reductions in price. In
staple lines, such as serges, clays and cheviots, the general
tone is steadier than in fancies, but some of the transactions
recorded show irregularity in these also. The demand from
the clothing trade is indifferent and jobbers are buying
lightly.
Business in overcoatings has been without special
feature. Cloakings slow with prices irregular.
Flannels
and blankets are quiet, but prices steady. Carpets have
been in fair demand on the new fall price schedule.
Foreign Dry Goods. The business doing in the market
for foreign merchandise has been on a limited scale this
week in all lines. Dress goods are steady. Silks irregular.
Linens steady. Burlaps easy.
Importations and Warebonse \¥ltlidrawals of Dry Goods
;
—
—
The importations and warehouse withdrawals of dry goods
week ending May 24, 1900, and since
at this port for the
January
and for the corresponding periods
1900,
1,
of last
year are as follows:
H
E?
o
9
1^
S
a
Bi
a
00
w
rO
w
1^
!-•
^
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Wool...
IP
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o
S:
gi
Siii;
1;
:
:
:
i
i
5
i
i
:
:
:
;
:
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iaoellan
anniaot
M
cots
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05 05
:
:
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to
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Yobk, Friday, P, M., May
1059
1
CO
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'
—
:
—
—
— —
—
— —
—
THE CHRONICLE.
lOBO
[Vol.
LXX.
ed to the Oneida County Savings Bank, Rome, at par for a
S^% bond. Following are the bids received
:
For 314% Bonds.
News
Items.
Decision Affecting Assessments.— The State
Supreme Court on May 16, 1900, rendered a decision adverse
to the contention of the City and County of San Francisco that
bonds of railroads and other quasi-public corporations held in
California and secured by tne property of the corporations
situate in the State could be taxed. The suit was brought
by the Germania Trust Co. to recover taxes paid on such
securities under protest. The trial court sustained the demurrer entered to the complaint, from which ruling the company appealed. The State Supreme Court has reversed the
opinion of the lower court and has directed it to overrule the
demurrer to the complaint. It seems that in the case of
railroad and other quasi-public corporations a tax is levied
and collected on the actual value of the property, without
any deductions for indebtedness, and to tax the bonds of
such corporations again in the hands of holders would be
double taxation, which is forbidden by the California ConCalifornia.
stitution.
Cincinnati, Ohio. Annexation Ordinance Repealed.— On
81, 1900, the Board of Legislation passed an ordinance
repealing that passed May 7, 1900, providing for the annexation of certain villages and hamlets to the city of Cincinnati.
The reasons given in the repealing ordinance for this
action are as follows
May
:
Whereas, Since tbe adoption of the ordinance aforesaid, changes have been
made or attempted to be made within said territory so sought to be annexed,
which if legal and carried out would place burdens upon this city in the way of
bonded indebtedness, corporate contracts and franchises not contemplated
by this board when adopting the said ordinance, and which would violate the
purpose and intent of said ordinal ce, and would unduly increase taxation and
otherwise seriously impair the best interests of Cincinnati,
now therefore, etc.
Sewer Bonds Part Valid and Part Inthe Tenth
1900, Judge W. H. Stewart,
tJalTtSton, Texas.
m
valid.— On May 23,
District Court, handed down a decision declaring valid $93,600 of the $300,000 Donds proposed to be issued for sewer
purposes, while the remaining $206,400 were held invalid.
It is stated that an appeal will be taken to the decision.
See
Chronicle Feb. 10, 1900.
Eenincky. — Oovernorship Dispute Decided.— On May 21,
1900, the U. S. Supreme Court announced its decision in the
case involving the Governorship of Kentucky. The Court, by
a vote of 6 to 3, refused to take jurisdiction, thus allowing
the judgment of the State Court of Appeals in favor of Governor Beckham, the Democratic contestant, to stand.
Oneida Co. Sav. Bank, Rome
Par
For 3 a* % Bnnas.
Jeflerson Co. Sav. B'k.Watert'n Par
Ifor 3*40% Bonds.
I. W. Sherrlll, Poughkeepsle.... 100-50
P.
H.
C. Reynolds,
Bangor
Par
For 3!^ Bonds.
W.J. Hayes* Sons. Cleve
102'78
R. B. Smith & Co., New York...l02-00
Haha, New York
lOfSS
Geo.
Uenison, Prior & Co.. Cleve
101'4i
W. R. Todd & Co., New York.... 100-50
Farson, l^each & Co., New York. 100-30
M
For description of bonds see Chronicle May 5, p. 906.
Akron, Ohio.— Bond Offering.— O a June 16, at 11 a.m.,
the Finance Committee of the Citv Council will offer at pubsale at the City Clerk's office $73,000 i% refunding
Securities are in denomination of $1,000, dated June
16,1900. Interest will be payable semi- aanually at the National Park Bank, New York City.
Principal will mature
lic
bonds.
June 16, 1910.
Andover, Mass.—Bond
—
Proposals will be reOffering.
ceived until 7:30 p.m.. May 31, by Geo. A. Parker, Town
Treasurer, for $15,000 4% sewer bonds. Securities are in denomination of $1,000, dated June 1, 1900. Interest will be
payable semi-annually at the National Bank of the Commonwealth, Boston. Principal will mature June 1, 1905. Bonds
are issued under authority of Chapter 386, Laws of 1895.
Anne Arundel County, Md. Bonds Defeated.— At the
election held May 21 the proposition to issue $200,000 bonds
as a subscription to the Baltimore & Southern Railroad was
defeated.
—
Augusta, Ga.—Bond Issue. This city has issued in exchange for a like amount of old bonds $62,000 33^« bonds,
receiving theiefor the sum of |3 10 as a premium. The new
bonds are part of an issue of .|82,000, mention of which was
made
in the
Chronicle March
24,
IbOO.
They are
in de-
nomination of $i, 000, dated April 2,1900. Interest will be
p4yable semi-annually at the office of the City Treasurer.
Principal will mature April 1, 1930.
Batesville (Ohio) School District.— Bonds Fofed.—This
district has voted in favor of issuing $4 000 bonds under the
bill passed by the late Legislature.
Full details of these
bonds are yet to be determined upon.
Bellevue, Ohio.— Bond O^e ring. —Proposals will be re-
ceived until 12 M June 20, by W. A. Boyd, Village Clerk,
for |30,000 4% water- works bonds,
Securities are
denomination of $500, dated June 20, 1900. Interest will be payable semi-annually at the American Exchange National Bank,
New York City. Principal will mature part each six
months as follows $500 on March 1 yearly from 1903 to
1923, inclusive; $500 yearly on Sept. 1 from 1903 to 1905, inclusive, and $1,000 yearly on Sept. 1 from 1906 to 1923, inclusive.
deposit of $500, or a certificate of deposit on
some Bank in bellevue, for that sum will be required with
Calls
each bid. Proposals must be made on blanks supplied by
Caldwell County, Mo. Bond Call.— Thia county called the City Clerk, and the successful bidder will be required to
for payment May 2, 1900, 6^ boada Nos. 10 to 18, ioclusive, furnish blank bonds.
each in denomination of |500 and dated May 2, 1898.
Biloxi, .ttiss. Bond Offering.— We are advised that proClark County, M.O.— Bond Call.— Interest ceased on May posals will be received at any time by W. A. White, Acting
12, 1900, on bonds Nos. 6, 7, 8 and 9, each for $1,000.
Secu- City Attorney, for the $17,000 bridge bonds voted at the
rities carried Q% interest and were dated May 12, 1886,
election held May 5.
Securities are in denomination of
Colorado. Warrant Call. The following warrants were $500. Interest will be at the rate of 5%, payable annually in
called for payment May 10, 1900
Nos. 3667 to 3686, inclu- New York City. Principal will mature part yearly for 20
sive, on revenue of 1898; Nos. 1953 to 2236, inclusive, on rev- years, the average being, according to our informant, about
enue of 1899; Nos. 664 to 716 on revenue of 1900. Also 14 vears.
Capitol Building warrants Nos. 1125 to 1176.
Boise City, idaho. Bond Offering —Proposals will be reFreedom Township, Lafayette County, Mo. Bond Call. ceived until 12 M., June 18, by J. H. Richaids, Mayor, and
— Bond No. 23, dated July 23, 1890, and bearing 5% interest, the Common Council, for $59,854 65 5% gold f nndini^ bonds.
was called for payment May 15, 1900.
Securities \i ere voted at the election held April 30. They
Galveston Couniy, Texas. Offers to Purchase Bonds.
are in denomination of $500, except bond No. 120, which will
This county desires to redeem a certain amount of the 6^ be for $3'i4 65 Interest will be payable January 1 and July 1
bonds maturing May, 1902. Tenders for the sale of any of at the office of the City Treasurer or at the Chase National
these bonds to the county will be received until June 11, Bank, New York City. Principal will mature July 1, 1920,
1900, by Geo. H. Law, Jr., County Clerk.
certified check, payable
subject to call after July 1, 1910.
Uill^borongh County, Fla.—Bond Call.— The following to Boise City without conditions for 5% of the amount of
bonds have been called for redemption : Nos. 30, 44, 67, 61. bonds bid for must accompany proposals. The legality of
67, 81 and 84.
said bonds must be determined Dy all bidders prior to the
Milwaukee, Wis.—Bond Redemption Notice. —John R. filing of their bids with the City Clerk of said city, and each
Wolf, City Comptroller, gives notice that the Commissioners bid must recite that the purchaser agrees to accept said
of the Public Debt will receive proposals on or before June 1, bonds whenever they are signed, executed and delivered by
1900, at 10 A. M., from holders of Milwaukee City bonds sub- the proper officers of said Boise City.
Proposals will be
ject to retirement by lot at or below par, to surrender their opened at 8:30 p. m., June 20, at the Council Chamber in the
bonds for cancellation to an amount not greater than the City Hall.
total of the sinking fund on hand, in pursuance of the
Bond Hill, Ohio. Bids.— Following is a complete list of
provisions of the charter.
the bids received on May 7 for the $18,000 street and $7,000
Providence, R. I.— Bonds to be Purchased.— D, L. D. sewer 5% 20-year bonds:
Premium.
Granger, City Treasurer, gives notice that he will purchase
Street BomU.
Sewer Bonds.
at a premium and accrued interest any of the water bonds Seasongood & Mayer, CIncianati
|4.1i-8 eo
$l.e2:i»0
1,692S0
4,095 00
S. Kuhn & Sons, Cincinnati
maturing July 1, 1900.
4,(«500
1,6^260
German National Bank, Cincinnati
1,6?600
4,06000
W. J. Hayes & Sons. Cleveland
1,47000
3,78000
W. R. Todd <S Co., CinclnDatl
«,>0000
1,40000
inclnnatl
Bank,*
National
Negotiations this Atlas
8,50000
1,800 00
P. S. Brlggs & Co., Cincinnati
,
m
:
A
Bond
—
and Redemptions.
—
:
—
A
—
.
>
Bond Proposals and
1.80600
8.476 00
Rudolph KleybolteA Co.. Cincinnati
week have been as follows
l,OoOOO
2,60000
TheLamprechiBros. Co., Cleveland
Ada County, Idaho.— Bicis.— Following are the bids reAs stated last week, bonds were awarded to Seasongood &
ceived May 14 for the $15,000 10-19.year (serial) gold bridge Mayer, Cincinnati.
bonds
Buffalo, N. Y.—Bond 7«s«e.— This city has issued a bond
:
For iM% Bonds.
For 6% Bonds.
W. Harris A Co.. Chlca«o.$16,267 00 W, J. Hayes & Sons, Cleve....f 1S,68S 00
W. E. Bell, Spokane
16,106 00 Spokane & Basrern Tr. Co... 16,4H7 60
W. J. Hayes & Sons, 0. e... U.760 00 First Nat. Bank of Idaho ... 16.226 00
Gr'd Lodge A. F. & A.M.,Ida. 15,000 00
As before stated, ue bonds were awarded to N. W. Harris
& Co., Chicago, the price, however, being 101'78, not 100*78,
as was iuadverteutly reported in the Chronicle last week.
Adams, Jeiferson County, N. Y.—Bortd Sa/e —On May 21
the $21,000 5-25 year (aerial) water-works bonds were awardN.
for $1,402 41, bearing 4% interest
and maturing
in one year.
Bond has been taken by the City Comptroller in trust for the
Bailey Avenue Sewer Sinking Fund.
Butler County, Ohio.— Bonds Re awarded.— P. S. Briggs
& Co., Cincinnati, have refused the $70,000 4% bonds awarded
to them on May 1 and the bonds have been re-awarded to
Seasongood & Mayer, Cincinnati, at par for 3-65 per cents
Cabell County, W. Ya.—Bond Sale.— On May 21 the $60,000 if 6-year court-house bonds were awarded to the State at
— ——
May
———
:
THE CHRONICLE.
26, 1900.1
par, accrupd interest, and the privilege of redeeming $12,000
of the bonds yearly. The only other bid received was that
of Seasongood
Mayer, Cincinnati, at 100"30 for bonds maturing in five years as advertised.
Calvert C'oanty, Ad.— Bond Sale. This county sold on
May 8 $1,000 5% one and two-year bonds issued for the purpose of meeting court expenses. Securities are in denomination of $100 and were taken as follows
$200 by Chas. Jli,
Marsh, $300 by Dr. T. King, $100 by Miss M. Wilson and the
remaining $500 by local investors. These bonds are part of
an issue of $5,000 1-5-year bonds which will be sold in small
lots as needed.
Another $1,000 will be sold in November
next. Interest will be payable annually.
Camden, N. 3.— Bona Sale.— On May 21 the $12,000 fireengine-house bonds were awarded to Sutro Bros.
Co., New
York, at 103-65. Following are the bids
&
—
:
&
103-66
Sutro Bros. & Co., New York
W. R. Todd & Co.. New York... 102-76
Camden Safe Dep. & Tr. Co
102-76
of bonds see Chronicle May 12, p. 958.
Bond Offering, Proposals will be received until 12 M June 19, by Lewis Hall, Village Clerk, for
$1,800 5^ 10 year sidewalk bonds.
Securities are issued
under authority of Section 2334, a, b and c, Revised Statutes
of Ohio. They are in denomination of $300, dated June 12,
19g0. Interest will be payable annually at the German National Bank, Cincinnati. Accrued interest to date of delivery of bonds will be added to the amount offered by successful bidder.
Cass Conuty, Ind.— Bond Sale.— On May 23 the $35,000
i}4% Jackson Township gravel-road bonds were awarded to
Campbell, Wild
Co., Indianapolis, at 101"03.
For description of bonds see Chronicle May 19, p. 1008.
Charlotte, N. C. Bonds Proposed.
are advised that
the Board of Aldermen has passed a resolution recommending the issuance of $225,000 bonds for various improvements.
Permission to issue these bonds must first be obtained from
the State Legislature, which will not meet until January
next, after which the question must be submitted to a vote
of the people,
Chicago, 111. Loan Negotiated.— This city has negotiated
at par witu several local banks $3, COO, 000 5% tax certificates.
These certificates are dated May 10, 1900, and will be payable
out of the tax receipts for 1900, when collected, which will
be early in 1901.
Clay Coaiity, Iowa Bids.— Following is a full list of the
bids received May 15 for the $50,010 i% court-house bonds
For description
—
Carthage, Ohio.
,
&
—We
—
:
R. Kleybolte & Co., Cincin... $61,117
Stoddard, Nye & Co.. Minn... 51.030
First Nat. Bank, Chicago
51,000
W.J. Hayes & Sons. Oieye... 50,084
N. W. Harris & Co., CliicaKo. 50,868
.
As
00 J. O. Faileigh, St. Joseph.... $50, 751 10
00 Denisoi), Prior & Co., Cleve. 50.H62 CO
Oo Wm.C. Thompson & CcChlc. 60,35o CO
00 Seasongood & Mayer, Cincin. 60,075 0<)
00 Lamprecht Bros. Co.. Cleve. 60,000 00
.
.
stated last week, bonds were awarded to Rudolph
Kleybolte
Co., Cincinnati, at I02'234and blank bonds. For
full description of issue, see Chronicle Ajril 21, p. 806.
Cleveland, Ohio.— Bond Offering. Proposals will be received until 12 M., June 18, by Chae. P. Salen, City Auditor,
for $125,000 4% police-patrol coupon bonds maturing May 1,
1925, and $205,000 4% Hre-department coupon bonds maturing May 1, 1925. Securities will be in denomiLation of $1,000,
dated May 1, 1900. Interest will be payable semi-annually,
both principal and interest being payable at the American
Exchange National Bank, New York City.
certified check
drawn on a national bank for 5% of the amount of the bonds,
payable to the '• Treasurer of the City of Cleveland," must
&
—
A
accompany bids. Bids must be made on blanks furnished by
the City Auditor.
Cleves, Ohio.— Bond So ie.— On May 19 the $10,000 5^ 20year street-improvement bonds were awarded to W. R. Todd
& Co., Cincinnati, at 120— an interest basis of about 3 '59$,
Following are the bids
W. B. Todd& Co., Cincinnati.. ..120-CO 8. Kahn & Sons. Cincinnati
llfi-75
P. 8. BrigKS & Co.. Cincinnati.. .119-00
R. Kleybolte & Co.. Cinclunati.. 114-00
:
I
|
Beasoneood* Mayer. Cincln
112-70
117'6fl8 Uenison, Prior & Co., Cleve
Lamprecht Bros. CO., Cleve. ...117-45
For description of bonds see Chronicle April 28. p. 857.
I
1061
Delhi Township (Ohio) SobSchooI District No. 5.— Bond
Sale— On May 17 tbe $1,000 4% 10 year bouds were awarded
to P. S. Briggs
the bids :
p. S. BriifKS
li.
&
Co., Cincinnati, at 106'05.
Following are
& Co., Cincinnati. .$1,060 50 Seasoneood & Mayer, Cincln .$1,031 26
& Co., Cincinnati. 1,052 70 W. K. Toad & Co., Cincinnati. 1,011 OO
I
Kleyoolte
|
For description of bonds see Chronicle April
28, p. 857.
Off"erin«.— Proposals will be received
until 2 p. M., May 28, by F. A. Blades, City Comptroller, for
$250,000 33^55 school bonds. Securities are in denomination
of $1,000, dated July 1, 1900. Interest will be payable semiannually at the office of the City Treasurer or at the current
official bank in New York City.
Pxincipal will mature
July 1. 1930.
certified check for $5,000 oa a State or national bank in Detroit or a sum of money to that amount
must accompany proposals.
Dunnville, Ualdimand County, Ont.— Date of Bond Sale.
—Proposals will be received until June 4 for the §10,000 '6%%
20-year debentures mentioned in the Chronicle last week.
Tenders should be addressed to John W. Holmes, Town
Clerk.
Detroif,
Mich.— Bond
A
East Orange, N. J. Loan Authorized.— The City Council
has authorized the Finance Committee to borrow $20,000
temporarily.
East St. Louis (111.) School District No. 1, Township No.
2 North, Range 10 West.— Bond O^ertngr.— Proposals will
be received until 8 p. m. to-day (May 26), by A. L. Keechler,
President Board of Education, for $39,000 4% 10-year bonds.
Securities are in denomination of $500, dated Jaly 1, 1900.
Interest will be payable semi-annually at the Southern Illinois National Bank and the First National Bank, East St.
Louis.
Elizabeth City County, Y a.— Bond Sale.— On May 15 the
$12,000 5^ 5 28 year (serial) bonds were awarded to C. H.
White
Co., New York, at 106-04— an interest basis of about
4 479<r.
Elmwood Place, Ohio.— Bond Offering. Proposals will te
received until 12 M., June 25, by Httrrv G. Schteffer, Village
Clerk, at the office of Scott Bonham, Village Solicitor, Room
206, Lincoln Inn Court, 519 Main Street, Cincinnati, for $22,000 4% 20-year street and sidewalk bonds. Securities are in
denomination of $100, dated June 25, 19u0. Interest will be
payable semi-annually.
certified check for 5^ of the gross
amount of the bonds, payable to the Village Clerk, must accompany proposals.
&
—
A
Elyrla (Ohio) School District.- Bond Sale— On
the $18,000 b% bonds were awarded to W. J. Hayes
Cleveland, at 112-28. Following are the bids
May
22
& Sons,
:
W.
Hayes & Sons, Cleve.
Newlst Nat. Bk.. Columbus.. $19,980 00
.$20,210 On
Seasongood & Mayer, CIncin. 20,171 88
Lamprecbt Bros. Co., Cleve.. 20,164 60
Denison, Prior & Co.. Cleve.. -^o.obO tto
K. Klevbolte & < o., Cincin... 20,075 00
W. R. Todd & Co..Clncinnati. 2<i.025 6o
Feder, Holzman & Co., Cin.
19.980 60
J.
.
N. W. Harris & Co., Chicago..
CroganBank of Fremont
P. S. Briags & Co.. Cincln
S. Kuhn & Sons, Cincinnati..
00
00
00
00
First Nat. B'k, BarnesviUe... 18.60100
19,P68
19,905
19.8C0
19,710
. .
For description of bonds see Chronicle May 12, p. 958.
Evanston, Ohio. Bond Sale.— The following 5^ 20-year
bonds, advertised tor sale on May 3, have been awarded to
the Atlas National Bank of Cincinnati $7,000 sewer bonds,
$10,0C0 street bonds, $18,000 town-hall bonds and $15,000
water- extension bonds. Following is a full list of the bids
:
received
:
$10,000
street B'ds.
Atlas National Bank, Cincinnati.. $12,240 00
Seasongood & Mayer, Cincinnati..
12,02'^
German
00
$is,000
$16,000
Water
B'ds. Ball B'ds.
$2'2,<>looo
$18,340 00
18,i4200
Nat. Bank Cincinnati....
Briggs & Co., Cincionatl
40
21,15000
21.H5()
$7,0f0
Sewer B'ds
oO
P,4I960
00
8,^65
8,33150
$.-',5e0
11,95000
17,926 (jO
iiil,42560
11,905 60
17,855 50
For the Entire $jo,ooo Bonds.
Feder, Holzman & Co.. Cin. ..$61,500 00 W. R. Todd & Co..Cincinnati.t60.5C0 CO
R. Klevboite & Co.. Cincln... 60,826 00 Lamprecht Bros. Co., Cleve.. 59.767 tO
P. S.
I
|
We Stated last week that the bonds had been awarded at
123, but we are now advised that this bid — made by Feder,
Holzman & Co., Cincinnati — was rejected, although higher
than that at which the bonds were awarded. This was done
upon the advice of Frank F. Diosmore, Village Attorney, the
bid being for the entire amount (|fiO.< 00) offered, and not for
Colchester (111.) School District.— Bonas Votea.—This
district early in March voted to issue $5,900 bonds.
These
each issue separately, as required by the advertisements.
F( r full description of bonds see Chronicle April 7, p. 702.
bonds, we are advised, will be £0ld at private sale. They
Everett, Hassi. Note Sale.— This city on May 14 sold to
bear ti% interest, payable in Colchester. Principal will ma Rogers, Newman & Tolman, Boston, an issue of $25,000 4ki
ture one bond of $1,000 yearly from 1902 to 1906, inclusive, 1 10- year (serial) sidewalk notes at 104-07 an interest basis
and $900 in 1907.
of about 3'19^. Securities are in denomination of $2,500,
Colorado Springs School District No. 11, El Paso dated May 14, 19C0, Interest will be payable semi-annually
County, Colo.— Bond Sale.— On May 19 $25,000 4^ 5-15- year at the Wintbrop National Bank of Boston.
bonds were awarded to E. H. Rollins & Sons, Boston, at
Fredonia, Kan.— Bcmds Voted,— At an election held May
101-15.
16 a proposition to issue $30,000 gas bonds carried by a vote
Columbus, Ohio.— Bend /sswe.— The Sinking Fund Com- of 167 to 34. We are advised that it has not yet been demissioners have accepted the $60,000
10-20-yfar (optional) cided when to issue the bonds.
smallpox-epidemic bonds mentioned in the Chronicle May
Grilman, Iroquois County, III. Bond O^ering.— Proposals
12, 1900.
will be received until 2 p. m., June 8, by the President of the
Damariscotta, Me.— Bond Offering.— PioposnlB will be re- Board of Local Improvements, for $7,200 4% bonds. Securiceived until June 1 by ths Town Selectmen and A. L. Shaw, ties are in denomination of $200, dated Oct. 16, 1S99. PrinTreasurer, for tbe $32,000 S%% relunding bonds authorized cipal will mature $800 yearly on Jan. 2.
by the town on April 30. Securities will be in denominaHackensack, N. J.— Change in Interest Rate. We are adtions of $500 and $1,000, dated July 1, 1900. Interest will be
vised by L, A. Campbell, Clerk Hackensack Improvement
payable semi annually at the National Bank of Redemption,
Boston. Principal will mature $1,0(0 yearly on July 1 from Commission, that the rate of interest on the $21,000 sewer
1901 to 1933, inclusive.
bonds offered for sale on June 4 should be four per cent,
Darby, Delaware County, Pa.— Bond O^fertnor.— Proposals instead of fiveper cent as given in the original advertisement
will be received until June 2 by G-eorge Grayson, Chairman
Finance Committee, for $40,000 3^4% 20-30-year (optional) sent us for insertion. The corrected advertisement will te
gold street- improvement bonds. Securities are free from all found elsewhere in this department.
taxes. A certified check for $500, payable to the Borough of
Hamilton County, Ohio.—Bond 5^a/e.— On May 23 the
Darby, must accompany proposals.
$100,000 4% 1-10-year (serial) decennial appraisement bonds
—
H
—
—
:
:
THE CHRONICLE.
1062
to the Atlas National Bank and the Western
at their joint bid of 10526 -an interest basis
2'958^. Following are the bids :
were awardtd
German Bank
of about
— — —
Atlas Nat. Bank. Cincin.. > .m,
z^o 00
Western German Bank.. \ 'lOS.a.O
Feder, Holzman & Co.. Cln.. 104,613 75
S. Kuhn & Sons. Cincinnati. 101,360 00
.
00
^- J- Hayes &8on8,.Cleve..f 104,267
^ co., Cincin.
Seasongood & Mayer. Cin.
German Nat. Bank Cmcin.
I
yy
|
I
j^
^0^,^
.
Chronicle May
.
.
.
lO.fpgO 00
VA'S'.-IaSS
102. <H0 00
5, p. 907,
For description of bonds see
Harbor Beach (Mich.) School District.— Bond Sale.— The
$16,000 10-year school bonds mentioued in the Chronicle
Feb. 24 have been awarded to Denison, Prior & Co., Cleveland, at 102-02—an interest basis of about 425^.
Harris County (P. 0. Houston), Texas. -Bond Election.An election has been ordered for August 25 to vote on the
question of issuing $600,000 road and bridge bonds.
Huron (S. Dak.) School District,— Bond Compromise.—
The following dispatch from Huron, dated May 15, 1900,
appeared in the Omaha "Bee :"
a meeting of the Board of Education on Saturday eveninir. a proposition
certain parties holding school bonds of the city to the amount of several thousand dollars wss accepted. The proposition was to the effect that
the interest be reduced from 7 to r? per cent and the time of payment extended
for twenty years. The amount in round numbers is about flou.ouu. including
judgments, interest and principal. The settlement was brought about after
the
much litigation and numerous conferences with the parties interested and
present settlement is alike satisfactory to those owning the bonds and the
At
made bv
taxpayers.
Hjde Park, Ohio.— Bond Ofertngr. -^Proposals -will be received until 12 M., June 20, by Frank Lewis, Village Clerk,
for the following street-improvement bonds
:
bonds, in denomination of $1,816 59.
764 08 6% bonds, in denomination of 8382 04.
417 6:* 6% bonds, in den jmination of $203 84.
$3,83.S 184!..;«
Securities are dated June 1, 1900, and mature in one and
years, respectively, interest will be payable annually.
Bo?id Sa7e.-0n May 21 the 1 11,473 4^4% 1-10-year (serial)
street-improvement bonds were awarded to W. R. Todd
Co.. Cincinnati, at 10401. For description of bonds see
two
&
Chronicle April 28, p. 858.
Imlay City, Mich.—Bonds Defeated.— This
village
has
voted against the issuance of $5,000 town-hall bonds.
Irion County, Texas.—Bonds Voted.— At an election held
May 12 an issue of $20,500 court-house bonds was authorized.
Jackson, Miss. -Bond Sa^e.— On May 1 the $10,0u0 5% 1-20year (serial) bridge and street-improvement bonds were
awarded to local investors at 105— an interest basis of about
4-40;^.
For description of bonds see Chronicle April 21, p.
806.
Jamestown, R. I.— Bond Sale.— On May 19 the $30,000 d%%
30-year gold bonds were awarded to Blodget, Merritt & Co.,
bid of
Boston, at 102'64— an interest basis of about 3-36^.
101 '26 was received from the Providence Institution for
Savings. For description of bonds see Chronicle May 12,
A
p. 959.
[Vol. T.XX,
LouisTille, N. Y. Bond Offering.— Propossila will be received until 2 p. M,, June 1, by the Town Bjard, care of John
Mowitt, Clerk, for $2,500 town-house bonds. Securities are
in denomination of $100; interest will be payable annually on
March 1. Principal will mature $500 yearly on Marcb 1.
from 1902 to 1906, inclusive. Bonds are to be sold at par for
the lowest rate of interest offered, not exceeding 5%.
Lndington, Mich.— Bond Offering. Proposals will be received until 8 p M., May 28, by Thomas Thompson, City
Clerk, for $23,000 4% street- improvement bonds. Securities
are in denomination of $1,000, dated May 1, 1900. Interest
will be payable annually at the First National Bank, Ludington. Principal will mature yearly on May 1, $2,000 from
1914 to 1924, inclusive, and $1,000 in 1925.
certified check
for $100 will be required.
Madison School District No. 1, Madison County, Neb.—
Bond Offering. Proposals will be received until 8 p. M.,
Maj^ 31, by the Board of Trustees, for $12,250 5% 10-20-year
(optional) bonds. Securities are dated May 1, 1900, and the
interest will be payable annually on May 1 at the State fiscal
agency in New York City.
certified check for $500 must
accompany bid. In addition to the price offered, bids will
be considered to include accrued interest to date of delivery
of bonds. The total debt at present is $4,000. The assessed
valuation in 1899 was $162,755 and the actual valae is estimated at $1,500,000.
—
A
—
A
Mansfield (Ohio) School District.— Bond Offering.—
Proposals will be received until 12 M,, June 12, by J. L, Balliet, Clerk Board of Education, for $13,500 4% bonds.
SecurInities are in denomination of $500, dated June 12, 1900.
terest will be paj able semi-annually in Mansfield. Principal will mature $3,000 on June 12, 1907, and $3,500 on June
12 of each of the years 1908, 1909, 1910.
Authority for the
issuance of these bonds will be found in Section 3994, Revised Statutes of Ohio. Bids must be made on blank forms,
which may be obtained from the District Clerk. Accrued
interest will be added to the price offered by the purchaser.
Bidders must satisfy themselves as to the legality of the
bonds before bidding and no conditional bids will be concertified check on some bank in Mansfield for
sidered.
$1,350, payable to J. L Balliet, Clerk, must accompany pro-
A
posals.
—
Marion, Ohio.— Bonds Authorized. The City Council has
authorized the issuance of $50,000 funding bonds.
Marion County, Ind. Bids.- We give below a full list of
the bids received on May 16 for the $200,000 3^% 20-year refunding bonds
Fletcher Nat. Bank. Ind'lis. $210,330 00
Campbell,Wild& Co.,lnd'lis. 2)0,020 00
Marion Tr. Co., Indlan'iis.
209,720 00
Meyer & Kiser.tndianapolis. 209,120 00
Lamprecht Bros. Co., Cleve. 206,825 00
266.800 00
Mason, Lewis & Co.. Chic.
.
.
Denison. Prior & Co.. Cleve.$206,785 00
R. Todd & Co., Cincin... 206,660 00
Seasongood & Mayer. Cin... 206.610 00
W.
R. Kleybolte& Co.. Cincin.. 204,827 60
W. J. Hayes & Sons, Cleve. 204,4*0 00
203.620 00
Indiaua Trust Co., Ind'lls.
.
Jennings County, Ind.— Bond SaZe.— On May 15 $8,400
Bonds were awarded to the Fletcher National Bank,
43^^ Sandcreek Township pike-road bonds were awarded to
the First National Bank of Vernon at 103-294. Following Indianapolis, at 105* 165, as was stated last week.
Markdale, Oat.— Debenture Offering. Proposals will be
are the bids
$8,670 00 First Nat. Bank, No. Vernon.. $8,501 00 received until June 1, by Wm. Lucas, Village Treasurer, for
First Nat. Bank, Vernon
. .
.
.
.
—
1
Meyer &
Kiser. Indianapolis.. 8,645
,56
Campbell, Wild & Co., Ind'lis. 8,576 00
Lamprecht Bros. Co., Cleve. 8.522 28
.
Wm.C. Thompson &Co.. Chic.
W. J. Hayes & Sons, Cleve
|
i
8,500 00
8,432 00
I
Securities are in denomination of §210, dated May 15, 1900.
Interest will be payable semi- annually at the First National
Bank ot Vernon. Principal will mature $420 yearly.
Jersey City, N. J.—Bo»d Xs.sue.—The Finance Committee
has authorized the issuance oi $125,000 d}4% 2G-year bonds to
refund a like amount of 7 per cents maturing June 8, 1900.
It is stated that the bonds will be taken by the Sinking Fund
Commissioners as an investment.
Lausdowne, DelaTvare County, Pa.—Bids.— Following are
the bids received on May 18 for from $8,000 to $15,000 d}4%
Sons, Cleveland, 101 493 for $15,000
bonds W. J. Hayes
Co., Philadelphia, 101-32. For debonds, and Dick Bros.
scription of bonds see Chronicle May 12, p. 959.
:
&
&
County, Ohio.—Bond Sale.— On
bonds were awarded to the First
National Bank, Baltimore, Ohio. For description of bonds
see Chronicle, May 12, p. 959.
Lima, Ohio.—Bond Q^ermg.— Proposals will be received
until 12 M.. June 18, by C. E. Lynch, City Clerk, for $40,000
2}4% East High Street improvement bonds. Securities are
dated July 1, 1900. Interest will be payable Jan. 1 and July
Liberty Township,
May
Wood
19 the $10,000 6% road
the office of the City Treasurer. Principal will mature
$2,000 each six months from Jan. 1, 1901, to July 1, 1910, inclusive. Bonds are issued under authority of sections 2303
to 2707, inclusive, and 2709, Revised Statutes of Ohio. Proposals must be made on blanks prepared by the city, and
which riiay be obtained from the City Clerk, and must be
accompanied by a certified check on a Lima bank for fi% of
the amount of the bonds bid for, and made payable to the
City Clerk.
Livormore Falls, Me. -Bonds Foied. -At a recent town
meeting the issuance of $15,000 bonds was authorized.
Logan County, Obio.— Bond Sale.— On May 21 ihe $20,000
Ai ditch bands were awarded to the People's National Bank,
Bellefontaine, at 102'05. Following are the bids
1 at
:
t'eople's Nat. B'h.Bellefont.. $20,401 00 New Ist Nat.B'k,Columbu8.»$20,lS5
Kedcr, Vlolzman & Co.. CAii ...*•^0 2r,< Oi> P. S. Brlggs & Co., Cinolu
*2.M05
•20,100
Seasongood&Mayer, Cincin.»<!0,176 00| W. R.Todd & Co., Cincin
Denison. Prior & Co., Cleve. .20.000
* Accrued interest to date of bonds to be added to price offered.
t
\
I
00
00
uO
00
For description of bonds see Chronicle May 5, p. 907.
Long Beach (Cal.) School District.- Bo?id Election Pro2-)i..'icd.
The question of holding an election to vote on the
Issuance of $10,000 school house bonds is being considered in
-
—
this district.
$6,164 17 debentures. Securities are dated Dec. 31, 1899,
and the principal will mature in such amounts yearly for
twenty years that the sum of the principal to be paid and of
the interest due on the unpaid securities will aggregate in
each year $453 57. Bids will also be received for $1,500 debentures, dated Sept. 4, 1899. Principal will mature part
yearly on DiC. 15 for twenty years, the amount of the principal to be paid and the interest due on outstanding securi
ties together being $110 37 each year.
Accrued interest will
be added in both cases to the price offered by the successful
bidder.
Marlborough, Mass. Bond^^Offering.—PropoaalB will be
received until 11 a, m.. May 31, by Charles F. Robinson, City
Treasurer, for $20,000 i% water bonds. Securities are in denomination of $1,000, dated May 1, 1900. Interest will be
payable semi-annually at the Winthrop National Bank, BosAuthority for the
ton. Principal will mature May 1, 1930.
issuance of these bonds will be found in Chapter 146, Laws
of 190D.
Marquette, Mich.— Bo«d Q^eriHgr.— Proposals will be received until 4 p. M., June 11, by the Light and Power Commission, James Russell, President, for $20,000 i% refunding
bonds. Securities are in denomination of $500, dated Julj*
Interest will be payable semi-annually at the office
1, 1900.
Principal will mature July 1, 1910.
of the City Treasurer.
Milan, Micb. Bond O^ering. Proposals will be received
until 12 M. June 1 by R. C. Allen, Director of the School
Board, for $12,500 4% bonds. Securities are in denomination
of $500, dated June 1, 1900. Interest will be payable annually. Principal will mature $500 yearly on June 1 from
certi1903 to 1909, inclusive, and $9,000 on June 1 1910.
fied check for 5% of the amount offered for the bonds mast
accompany proposals.
•
—
A
Milton, Halton County, Out.—Debenture 0_fferi7ig.—Pcoposals will be received until June 1 by R. Coates, Town
Clerk, for $10,000 4% debentures. Securities will mature in
twenty annual instalments.
Milwaukee, Wis.-Bond O^cr tngi.-Proposals will be received until 10 A. M., June 1, by the Commissioners of the
Public Debt, care of John R. Wolf, City Comptroller, for
$50,000 3y,% fire-department bonds. Forty bonds are in denomination of $1,000 and twenty of $300 each, all dated Jan.
Interest will be payable January 1 and July 1.
1, 1900.
Principal will mature $2,500 yearly from 1901 to '20, inclasive.
Bonds Authorized.— The
t!ie
Common
ifBuance of $150,000 bridge bonds.
Council has authorized
—
:
May
THE CHRONICLE.
26, 1900.J
1063
Monroe Countj, InA.— Bond Sale.— On May 8 $15,869 10 bidder who will take them at par for the lowest rate of interRichland Township and $10,440 Indian Township 414% 1-20- est offered.
Faterson, N. i.—Bond Sale.- On May 24 $38,000 4% 10- year
year (serial) turnpike bonds were awarded to Campbell, Wild
& Co., Indianapoli?, at 103-14. Bonds are dated May 20, 1900. renewal bonds were awarded to Thompson, Tenney & CrawMuskegon, Mich. Bonds Voted.— On May 21 this city, by ford at 105169. Following are the bids
a majority of 1 ,348, voted in favor of issuing $84,000 street- Thompson, Tenney 4 Crawford,
Sutro Bros. & Co.. New York..,. 104-31
106-169 W, R. Todd & Co.. New York. ,.104-25
New York
improvement bonds.
104-07
376 Jno, D, Bverltt A Co,, N, Y
Muskingum County, Ohio.— Bond Award.-The $200,000 N. W. Harris & Co.,New York. .104 District.-Bond
Offering. —Wet
Perkins (Ok la.) School
4% bridge bonds, proposals for which were received on May
are advised by John W, Ricketts, Clerk of the Board of Edu15, have been awarded to Rudolph Kleybolte & Co., Cincinthat all bids received until June 15 for the purchase
nati, at their bid of 108'263.
A full list of the bids was given cation,
school bonds will be considered by the board. The
of
$3,500
last week.
of these bonds have not yet been decided upon.
full
details
Newborn, N.
Votes to Purchase Wafer WorJcs. At an
probably
bear 5% interest, payable semi-annually
They
will
election held May 15 the city determined to purchase the
will be dated July 1, 1900, and will mature
They
in
gold.
local water-works plant and sewerage system.
after
New Kensington (Pa.) School District.— Bond Offering.— July 1, 1920, and will probably be made subject to call
Proposals will be received until 5 p. M., May 28, by M. J. Mc- July 1, 1910.
Philippi, W. Ya.— Bond Offering.—Thia town will sell at
Greary, Secretary, for $10,500 4}4% coupon bonds. Securities
auction between the hours of 1 and 4 p. M., June 9,
public
are in denomination of $500, dated June 1,1900. Interest
5% 10-15-year (optional) municipal bonds. Securities
$6,000
will be payable semiannually at the First National Bank,
of $1C0 and carry interest payable annudenomination
in
are
New Kensington. Principal will mature $5,500 in twenty
is
City Recorder.
Knahp
H,
ally,
J.
years and $5,000 in thirty years. A certified check for $500
District —Bonds Voted.— This
School
(Hi.)
Piper
City
on some incorporated State or national bank of Pennsylvania
of
issuing
favor
$8,100 Q% bonds. Interin
district has voted
must accompany proposals.
will be payable annually in Piper
bonds
above
on
the
est
New Orleans (La ) Drainage District.— Cerfi/ica^e Sale.
in 1915
:
.
—
C—
—
On May
17 $200,000 certificates of indebtedness
were awarded
to the Germania Savings Bank, New Orleans, one-half to
bear 5J^^ interest and one- half to bear Q% interest. This was
the only bid received. Securities are in denomination of
$10,000 and are redeemable on notice of ten days in a daily
newspaper in New Orleans. Interest will be payable semiannually.
Newport Improvement District No. 4, Jackson County,
Ark.— i?onds Not Yet Sild—Bond Offering, —We are advised
that the $40,000 5^ 1-20-year (serial) bonds mentioned in the
Chronicle April 28 have not yet been sold. New bonds are
to be offered now bearing 6^ interest, instead of the present
rate of 5^.
City. Principal will mature $3,000 in 1910, $3,000
and $2,100 in 1920. The date for the sale of these securities
has not yet been fixed.
Pleasant Ridge, Ohio.—Bond Sale.— On
May 16 the
$5,004 89 5% 15-year bonds were awarded to the German National Bank, Cincinnati, at 119-41— an interest basis of about
Following are the bids
Z'Z4)4%.
Fremium.
^^^^^i
German Nat. B'k, Cincinnati,.. .$971 61 Lamnrecht Bros. Co., Cleve. ....»771 75Seasongood & Mayer. Cincln.... 943 11 W. R, Todd & Co Cincinnati... 511 OO
:
\
1
,
1
R. Kleybolte
&
Co., Cincln
881 00
|
For description of bonds see Chronicle April 21, p. 808.
Providence, R. I.— Bonds Propoaed.-A resolution is before
the City Council authorizing the City Solicitor to obtain permission from the State Legislature to borrow $200,000 for
three new fire stations, $200,000 for highway purposes, $50,000
for Roger Williams Park and $45,000 for a new fire station in
the Seventh Ward.
are advised that the loan of $12,000
Loan Negotiated.
for school purposes, receritly authorized by the Common
Council, will be negotiated through the Sinking Fund Com-
New Rochelle, N. Y.—Bcnd O^eringf.— Proposals will be
received until 8 p. m., June 5, by the Common Council for
$30,000 Z%<i bonds issued for the purpose of pacing damages
caused in changing grade of streets and $150,000 %}0, streetimprovement bonds. Securities are issued under authority
of Chapter 128, Laws of 1899, as amended by Chapter 550,
Laws of 1900. They are in denomination of $1,000, dated
June 1, 19C0. Interest will be payable semi-annually. Prin- missioners.
Rhlnelander, Wis.—Bond Election.— An election will be
cipal of the $30,000 issue will mature $6,000 yearly on June 1
held
in this city to vote on the question of issuing $10,000 5%
from 1925 to 1929, inclusive; on the $150,000 issue, $5,000
yearly on June 1 from 1934 to 1963, inclusive.
certified bonds for park purposes.
Rockland County, N. Y.—Bond Sale.— On May 19 the
check for $1,000, payable to the City Treasurer, must accomawarded
pany proposals for each of the above issues. Purchasers will $110,000 31^^ 14-24-year (serial) funding bonds were
interest
an
105-137York,
at
New
Sand
Co.,
Allen,
to
be required to pay accrued interest in addition to the price
basis of about 3*14^. Following are the bids
offered for the bonds.
$115,050 70 Sutro Bros.& Co„New York.$114,070 00
Bond Offering. Allen, Sand & Co,. N. Y
North Wilkesboro, Wilkes County, N.
113,619 tO
J. Hayes & Sons, Cleve.. 116,470 00 Geo. M.Hahn, New York..
—Proposals will be received until 2 p. m., May 30, for $2,000 W.
115,170 00 Mason, Lewis & Co., Chic... H:<,487 CO
York.
C.H.White & Co..New
115.01600 Denison, Prior & Co., Cleve. U3,400 00
&% electric- light- plant bonds. Securities are in denomina- N. W.Harris &CO.N. Y
113,025 00
&Jennlson, N. Y. 114.719 00 Nyack National Bank
tion of $100. Interest will be payable semi-annually at the Dunscomb
11'2,475 25
114,677 20 W. R. Todd & Co.. N. Y
R. Kleybolte & Co., N. Y
office of the Town Treasurer.
Principal will mature April Farson. Leach & Co.. N. Y... 114.439 50 Jno. O. Everltt & Co„ N. Y.. 112.475 OO
2, 1920.
For full description of bonds see Chronicle May 19, p. 1013.
Norwood, OMo.—Bond Sale.— On May 21 the Atlas NaRutherford (N. J.) School District.— Bond Offering—
tional Bank, Cincinnati, was awarded $15,000 4% 30-year side- Proposals will be received until 12 M., June 5, by G. R.
walk bonds at 112-33 and $22,620 62 4i 20-vear refunding Alyea, District Clerk, for $49,570 4% school-house bonds.
1-5-year Forty nine bonds are in denomination of $1,000, one of $500
bonds at 108'01. On the same day the $590 21
Interest will be
(serial) sewer bonds were awarded to the German National and one of $70, all dated June 20, 1900.
Bank, Cincinnati, at 106. For description of bonds see Chron- payable semi-annually jat the Rutherford National Bank.
certified check for
icle April 28, p. 858.
Principal will mature June 20, 1930.
Opelika, X\si.— Description of Bonds 0/ered.— Further de- 5% of the amount of the bonds bid for, payable to G. R.
Bonds will be
tails are at hand relative to the offering for sale on June 4 Alyea, District Clerk, must accompany bids.
of $75,000 bonds. Proposals will be received until 5 p. m. on certified as to genuineness by the United States Mortgage
that day by T. H. Clower, Mayor, and the Board of Alder- Trust Co., New York City, and the proceedings authorizing
men. They are dated July 1, 1900, and mature July 1, this issue have been approved by the Hon. Samuel H. Grey,
payable Attorney- General of the State of New Jersey, and also by
1980.
of
Interest will be at the rate
5%,
Kipp of Rutherford, N. J, Bids
January 1 and July 1, in gold, and the coupons are Messrs. Copeland, Luce
This will be opened by the Board of Education at 8 P. M June 5.
receivable for any license or taxes due the city.
issue will constitute the total indebtedness of the city.
St. Paul, mnn.— Temporary Loan.— This city borrowed on
The valuation of property as assessed in 1899 was $1,454,634 May 15 $780,000 at 3^ interest. Loan is dated May 15, 1900,
and the estimated real value is §2,900,000. The population is and will mature June 15, 1901. Notes were all taken, we are
about 5,000. The official circular states that the only bonds informed, by local people in sums of from $500 to $5,000 each.
ever issued by the city was in 1870, during the reconstruction
San Antonio, Texas.- Bid.s Rejected.— It is stated that all
period, when $50,000 bonds were placed at a nominal figure, bids received on May 21 for the $300,000 4% 20-year street- imsome bringing only ten cents on the dollar. There being provement and $190,000 4% 20-year refunding bonds were
some doubt as to the legality of the bonds, litigation resulted.
All differences have now been adjusted and $30,000 of the
Schenectady, N. Y.—B<md Sale.— On May 22 the $25,000 4^
above issue is for the payment of the principal and interest sewer and $25,000 4% fire-loan bonds were awarded to Farof these bonds. The remaining $45,000 is for sewers and son, Leach
Co,, New York, at 109-09 and 111-24, respecFollowing are the bids
tively.
school houses.
$25,000 Ff.r the entire
$25,000
Ottawa County, Ohio.— Bids.— Following are the bids reSewer Bonds. Fire Bono s. $50,000 Bds.
ceived May 17 for the $17,000 5^ 4-20-year (serial) bridge Farson. Leach & Co New York
111124
111-21
1*^'22
110-95
111-17
109-02
Isaac W. Sherrill, Poushkeepsie
bonds
110-29
J. Hayes & Sons, Cleveland
110-03
Lamprecht Bros. Co.. Cleve. .$19,577 30 Seasongood & Mayer. Cincln. $19,266 /5 W.
Allen, Sand &Co„ New York
109-60
R. Kleybolte & Co., Cincln... 19,668 75 New 1st Nat. B'k.Columbus.. 19.237 20 Dunscomb & Jennison, New York
00
19,160
109-345
W. J. Hayes & Sons, Cleve. 19.550 i)0 P. S. BriBgs & Co., Cincin
110-38
108-41
N. W.Harris & Co., New Tork
19.100 00
n8-;8-a
Denison. Prior & Co.. Cleve, 19,414 00 Fremont Sav. Bank
109-81
107"75
Denison, Prior ,& Co., Cleveland
108-625
Feder, Uolzman St Co.. Cin... 19,382 00 Jose, Parker & Co,, Boston.. 18,6H1 00
109-50
107-76
R.Todd
&
Co., New York
W.
801
00
W. R, Todd & Co,. Cincinnati. 19,296 70 First Nat. Bank BarnesviUe. 17
109-55
•
Home Savings Hank, 4.1bany
105-002
As stated last week, bonds were awarded to The Lam- Schenectady Savings Bank
For description of bonds see Chronicle May 5, p. 910.
precht Broe. Co., Cleveland, at 115-16. Securities are in deScranton (Pa.) School District.- Bond Q^enng.— Pronomination of $500. dated June 1, 1900, Interest will be
will be received until 3 P. M., May 28, by Eugene D.
posals
Treasurer
payable semi-annually at the office of the County
Fellows, Secretary, for $100,000 4}4% funding bonds. Securiin Port Clinton.
are dated June 1, 1900. Interest will be payable June 1
ties
received
Owosso, Miih.— Bond O^ertngr. —Proposals will be
Treasurer. Prinuntil 8 p. M., June 29, by J. C. Shattuck, Secretary Board of and December 1 at the office of the District
in
1926,
$30,000 in 1928
130,000
June
mature
on
will
cipal
1,
Education, for $20,000 bonds. Securities will be sold to the
—We
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A
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•
•
:
— —
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:
"
THE CHRONICLE.
108*
Bonds are free from all taxes, the school
140,001) in 1930.
district having assumed the payment of the same. Accrued
interest to the date of the delivery of the bonds will be added
and
by the successful bidder.
Sedalia(Mo.) School Distrit-t.— Bids.— Following
to the price offered
of bids received
May
is
a
list
10 for the $25,000 i% 20-year funding
bonds
N. W. Harris A Co.. Chicago ?26,358 00 Wm.C. Thompson & Co..Ctiic.f 25,660 00
26,510 00
Trowbridge, MacDonala &
J. C. Van Riper, sedalia
26,85 50 J. O. Farleldh, St. Joseph, ..25,45110
Niver Co.. ChlcaBO
Seasonsrood & Mayer. Cincin. 26,846 00 W. J. Hayeg & Sons, Cleve.... 86,376 OC
R. Kleybolre&Co.. Cinoin.... 25.67500 R. V. MoDtague.KansasCity. 25,165 00
Mlssonna Tr. Co., Sedalia.
25,675 00 Uenison, Prior &Co.. Cleve.. 26,100
fl
1
. . .
As stated last week, N. W. Harris & Co., Chicago, received
the award.
Shelby, Ohio.— Bond Offering. Proposals will be received
until 12 M June 4, by the Council at the ofi&ce of R. P.
Bricker, Village Clerk, for $15,000 5% electric- light plant
bonds. Securities are in denomination of $500, dated June 1,
Interest will be payable semi-annually. Principal will
190O.
mature $1,000 yearly on Jane 1 from 1903 to 1917, inclusive.
Authority for the issuance of these bonds will be found in
sections 2835, 2836. 2837 and 2837a, Revised Statutes of Ohio.
deposit of $500 in money or a certified check for that
amount, payable to the Village Clerk, must accompany pro-
—
,
A
posals.
Sikeston (Scott County, Mo.,) School District.— Fond
Sale.— On May 19 the $15,000 5% l-l 5 -year (serial) schoolbuilding bonds were awardei to The Trowbridge, MacDonald «fe Niver Co., Chicago, at 103*958— an interest basis of
about 4-41^. Following are the bids
Trowbridge, MacDonald &
Chas.H. Coffin. Chicago
$15.160 00
Niver Co.. Chicago
$16,593 75 Wm.C. Thompson &<;o. Chic. 16,06100
W. J. Hayes & Sons. Cleve... 15,356 00 Chas. D. Matthews, SikestOQ. 15,025 26
:
i
I
G. E. Bradfleld, Barnesville.. 15.300 00
For description of bonds see Chronicle May 5, p. 910.
Skaneateles, Onondaga County, N. S^.—Bona Offering,
$5,000 ^%% 5-9-year (serial) village bonds and $15,000 Z%%
5-19 year (serial) electric-light bonds. Securities are in denomination of $1,00'», date^ June 1, 1900. Interest will be
payable June 1 and December 1 at the Bank of Skaneateles.
Proposals should be made separately for each issue and must
LOANS.
HACKENSACK,
—
—
—We
vo^^e this loan.
Table Rock (Neb.) School District.-Bonds Fo^ed.— The
vote at the election held May 21 on the proposition to issue
$10,000 school-houee bonds was 279 in favor of the bonds and
139 against their issuance.
Toledo, Ohio.— Bond Sale —On May 18 the $40,956 48 i%
street improvement bonds were awarded to the Merchants'
Clerks' Savings Bank of Toledo at 10043 and accrued interest.
iSJo bids were received for the $15,200 05 S% bonds
offered for sale at the same time. For description of bonds
see Chronicle April 28, p. 860.
Turners Falls(Mass.) Fire District. -Loan Authorized.
At a meeting of this district held May 21 a loan of $3,000 was
authorized in anticipation of the collection of taxes.
Utah. Bond Offering. Proposals will be received until 2
P.M., May 31, by the Board of Loan Commissioners, for
—
—
NEVyM-OA.NS^
Jl'IWJLOANS^
CITY ofAUSTIN, TEX.
Investment Securities
Water-Works and Electric
for
N. J,
Light S% Bonds.
SEWER BONDS.
The Hackensack Improvement Commission
be accompanied by a certified check for 2% of bid, payable to
H. W. Hollon, Village Treasurer. Accrued interest to the
date of delivery of the bonds will be added to the price offered
Dy the successful bidders.
South Dakota. Loans Negotiated. The State Permanent
School Fund recently made loans aggregating: $7,000.
Springfield. Mass. Bonds Authorized. The City Council
on May 21 authorized the sale of $142,000 Si 30-vear sewer
bonds. An ordinance providing for the sale of $100,000 3^ 20year school bonds is now before the Council. These two
issues will probably be sold at the same time.
Springfield, Ohio. Bonds Proposed,— The Board of Park
Commissioners seek authority from the City Council to issue
$5 000 bonds.
Staples (Minn.) School District.- Bond Sa?e.—The |6,000
4:%% 10-15 year (optional) school-house bonds which were recently voted have been taken by local investors.
Sullivan County, Ind.-BowctS'aZc.— On May 21 $23,100 4^*
gravel-road bonds were awarded to Meyer & Riser, Indianapolis, at 103-29.
Securities are in denomination of $577 50,
dated May 16, 1900.
Sunderland, Mass. Election Illegal.
are advised that
the election held April 27, authorizing a loan of $7,500 as a
subscription to the capital stock of the Amherst & Sunderland Street Railway Co.. was illegal. Application has now
been made to the State Legislature to authorize the town to
— &
Proposals will be received until 10 A. m.. May 31, by the
Board of Village Trustees—J. McLaughlin, President— for
NEW
BANKS and TRUST FUNDS
U BONDS A SPECIALTY.
SJiy/JIfGS
A TiARGE NUMBER
will
receive sealed proposals at Commission Chambers,
Mercer Street, Hackensack, N. J., on Monday, June
4, 1900, at 8 P. M., for the following sewer bonds
POPLAR AVENUE SBWER.
bond, $1,000, payable in 2 years after date.
1 bond, $1,000, payable in 3 years after date.
1 bond, $1,000. payable in 4 years after date.
1 bond, $1,500, payable in 5 years after date.
1
ANDERSON STREET SEWER.
1 bond. $2,500, payable in 2 years after date.
1 bond, $2,500, payable in 3 years after date.
1 bond, $2,500, payable n 4 years after date.
of the above Bonds having
been deposited with the New York Security & Trust
Company of New York, under an Agreement dated
May 14, 1900, appointing the undersigned a Committee to protect the Bondholders' interests, notice
is now given that any Bondholder may participate
in the benefits of the said Agreement by depositing
his Bonds thereunder, at any time prior to June 4,
1900, with the said Trust Company, which will issue
Its negotiable receipts therefor,
CH4RL,ES S. FAlKCHILiD,
payable in 2 years after date.
payable in 3 years alter date,
payable in 4 years after date.
,
payable in 6 years after date.
The bonds above offered will be coapon bonds,
bearing date .Tune 1, 1900, interest at four (4) per
cent per annum, payable semi-annually, and will be
ready for delivery on or about June 20, 1900.
All bids shall he considered to carry with them
accrued Interest from June 1, 1900, to date of delivery of bonds, whether so specifically stated in bid
or not.
All bids to be made upon each of the above three
EDW. C. JONES
NBW
YORK.
PHILA..
We
offer
")
BRECKIARIDGE JONES,
JaMEsi A. BLAIR.
-
-
«&
CO.,
NASSAU STREET.
-
1
-
112 SO.
FOURTH
ST.
bonds secured by Flrat Mortcage
on the properties of
ir„mmir.pp
^Committee.
JOHN W. STERLING,
American
J
^so,ooo
GREENE AND KANSAS ^TREET SEWER.
bond, $2,260,
1 bond, $2,250,
1 bond, $2,250,
1 bond, $2,250,
LXX,
[Vol.
Bell
TeleDhone
Licensee Companies.
1
issues separately.
The Commission reserves the
or
right to reject any
City of Waycross, Ga.,
Dated Jan.
lat,
1900.
Due Jan.
1st,
Coupons payable January and July
in
New
Population (estimated),
ADAMS & COMPANY,
7,000.
No.
and
Bonds. BOUGHT AND SOLD.
121 Euclid Avenue, CicTClancl.
7
of Boston Stock lExcbange.
Congress and 31 State Streets,
BOSTON.
Municipal Bonds
S Excliange Place, Boston.
INVESTMENT BONDS.
BROKER,
Augusta, Oa.
Government
LISTS.
DEALERS IN
Members
JOHN W. DICKEY,
DENISON, PRIOR & CO.
SEND FOR
BANKERS,
Price to net 'k'iW.
Per L. A. CAMPBELL, Clerk,
78 Main Street, Hackensack, N. J.
Grade
19 MILiK STREET, BOSTON.
York.
Assessed values (1899)
$1,927,590
Actual values
3,000,000
Total indebtedness, includingthis issue
103.000
COMMISSION,
ROLLINS & SONS,
1930.
Denomination, $1,000.
THE HACKENSACK IMPROVEMENT
High
E. H.
H Sewerage & Funding (Jold Bonds.
all bids.
DEALEMS IN
Prices and particulars on application.
MASON, LEWIS &
CO..
BANKERS
BOSTON,
CHICAGO,
00 Devonahtre St.
appraisements made or quotations Monadnook Bulldlnff.
furnished for the i'urchasb, sale ob
MUNICIPAL
bxchangb; of above securities.
RAILROAD
*^ '^^ ^ *-"-'
lists on application.
CORPORATION
^-^^.-^^
BONDS.
N.
W. HARRIS &
CO.,
BANK EKS.
31
NA88AU
ST. (Bank
of
Commeroe Bldc)
Choice lasues.
Street Railway and t}as Companies.
lilST
ON APPLICATION.
I
—
May
$300,000 3^ 20-year refunding bonds. Securities are issued
under authority of Title 40, Revised Statutes of Utah. They
are in denomination of |l, 000, dated July 2,1900. Interest
will be payable January 3 and July 2 at the United States
Mortgage
Trust Co.. New York City, or at the State Bank
certified check of 5'!; of the
of Utah, Salt Lake City.
amount of bid must accompany proposals. Bidders are required to be satisfied as to the legality of the bonds before
bidding.
Debentures Voted and Defeated. The
Vancouyer, B.
citizens of this place have authorized a loan of $fc0 COO for
new gchool houf-ts by a vote of 195 to 81 and defeated a proposition to borrow $12,000 for a new cemetery by a vote of 39
for to 245 against.
Vine Orove, Ky. Bond Election.— This town will vote at
the November election on the question of issuing $3, COO
water bonde.
Yinelaud, N. J.— Bond O^eWng.— Proposals will be received until 10 A. M., June 4, by the Finance CommitteeGeorge Cunningham, Chairman— for $95,000 i% 30-year
coupon water- woiks bonds, dated Dec. 12, 1899, and $45,000
4% 30-year coupon sewer bonds, dated Aug. 8, 1899. Stcutities will be in denominations of not lees than $100 nor more
than $1,000. Piiccipal and semi-annual interest will be payable at tne Vineland National Bank, Vineland. Proposals
for each issue must be acccmpanied by a check for 10^ of
the par value of the bonds bid for, drawn on and certified by
any solvent national bank, and payable to the order of the
Mayor and Council of the borough. Bonds may be registered at option of the holder.
These bonds were first offered for sale April 16, but owing
to insufficiency of advertising, a writ of certiorari was obtained to prevfut the ea'e. The error was rectified and the
bonds re- advertised on May 14, all bids received at that time,
however, being rejected.
&
A
—
C—
(lud.) School District.— Bowcf.s Proposed.— This
about two months $19,000 school house
district will issue in
bonds.
Wallacebnrg, Kent County, Ont.—Debenture Offer in g.—
Proposals will be received until June 9 by H. A. Stonehouee,
Chairman Finance Committee, for $30,000 4% debentures.
Securities will
run for twenty years.
Whann &
DEALERS
Co.,
IN
SECURITIES.
election held
23 the proposition to issue bonds for a water- works system was defeated by a large majority,
Wayne
(Neb.) •chool District.— Bonds Defeated.— At an
election held April 24 the question of issuing $10,000 schoolhouse bonds was defeated.
Weehawken Township (Hndson County,
Bond Offering. — Proposals will be
N. J.,) School
received until
8 p. M., June 5, by Christoph Roehr, District Clerk, Station 1,
Hoboken, for $18,000 school bonds. Bids are asked for bonds
bearirg either d}4 or 4 per cent interest, payable semi-annuPrincipal will
>.ally at the First National Bank of Hoboken.
certified or cashier's check on a
mature in twenty years.
national bank of Hudson County, N. J,, or of New York
City for 1% of the bonds bid for must accompany proposals.
Wilkint-barg, T&.— Bonds Voted.— At the election held
May 22 this borough voted in favor of issuing $100,000 streetDistrict.
A
improvement bonds
Windsor, Weld County, Colo.— Sond Sale Postponed.
We are advised by M. H. Laybourn, Town Clerk, that the
Board of Trustees has decided to postpone the sale of the
$15,000 5% 10-15year (optional) water-works bonds from May
15 to June 15, 1900. A full description of these bonds was
given in the Chronicle April 28, on page 861.
Wyandbtte, Mich.—Bond Election Proposed.— The City
Council has under consideration an ordinance providing for
the issuance ot $45,000 bonds for a sewer system,
Xenia, Ohio. Bond Election.— The question of issuing
$30,000 sewer bonds will be voted upon at an election to be
held June 2.
Youngstown, Ohio. Bond 0#«rmgf.— Proposals will be received until 2 p. M., June 11, by Wm. I, Davies, City Clerk,
for the following 5% bonds
—
:
Avenue
$920 Franklin
and
1901
$3'
srrading bonds, maturing yearly
thereafter until paid.
Bros.
Co.,
3^ to
6<
ALWAYS ON HAND.
DUKE
M.
Munlotpal Bond!.
1
BONDS.
CHICAGO.
197 8aperlor Street.
-
5* Broadway
City,
securities having a Cleveland market boueht
New York
A 11
and sold.
CHICAGO.
F. R.
FULTON & CO.,
Municipal Bonds,
la salle street.
171
CO.,
Members New York and Chicago Stock Exchanges
W.
TODD &
R.
CHICAGO.
CO.,
Saccessors to
BRIGGS, TODD
Banker,
15 Dearborn Stre*^
New York
Office,
<& CO.,
MUNICIPAL BONDS.
CINCINNATI, OHIO,
NEW YORK,
No. 35 East Third Street.
No. 1 Nassau Street.
A. R. Macfarlane&Co.
BANS.EMS
A.NI)
BltOKERS,
DULUTH, MINN.
[Members American Bankers'
Act as agents for non-resident property owners and
investors.
H. Smith,
Fred.
STOCK BROKER,
8
BROAD
&
Co.,
Bought, sold and carried upon moderate margin.
COMMISSION 1-16TB.
Book of Railway
Statistics
upon Application.
Established 1868.
Tel. 2386 Cort.
trowbridge,
Congress Street, Boston.
8TATE, CITY & RAILROAD BONU^
MacDonald
NiVER Co.
MUNICIPAL BONDS,
ST., N. Y.
Y. Con. Stock Exchange.
STOCKS, BONDS, GRAIN.
BANKERS^
16
Ass'n.]
DEALER8 IN
Member N.
Blodget, Merritt
52 Broadway.
Commercial Paper, Mortgage Loans,
Local Stoclis and Real Estate.
13 Wall Street, New York.
8b
Geo. D. Cook Company,
238-240 La Salle Street,
Clroolar.
FARSON.
1320 in
AND OTHER HIGa-GRADE
EASTERN BRANCH:
MUNICIPAL BONDS
Send for our Inveitment
],
INVESTMENT SECURITIES.
LAMPRECHT RROTHERS &
Securities Netting from
on October
1,800 Wick Avenue sewer bonds, maturing $800 yearly on October 1.
Securities are dated June 18, 1900, and are authorized by
city ordinances. Interest will be payable semi-annually at
the office of the City Treasurer. Purchasers must be prepared to take the bonds not later than June 18, 1900, the
money to be delivered at one of the city banks or at the office
of the City Treasurer.
MUNICIPAL
Cleveland, Ohio,
NEW YORK.
BROADWAY
Wayland, N. Y.— Bonds Defeated.— At the
May
The LamDrecht
MUNICIPAL and RAILROAD
71
1065
INVESTMENTS.
INVESTMENTS.
Charles
—
THE CHIIONICLK
26, 1900.]
Wabash
—
—
T. B. POTTER,
MUNICIPAL and RriKinc
CORPORATION DV^IMUb,
CLINTON GILBERT,
2 Wall Street, Bfew York.
BANK AND TRUST CO. STOCKS.
INVESTMENT SECURITIES.
SECURE BANK VAULTS.
172 Wasliington Street,
IstNat. Bank Bld$r.
CHICiflO
MUNICI PAL BONDS.
John
Niiveen
&
€HICAaO,
L.IST
Co.j E. C.
Bank Building, Chicago.
Correspondence
ILLS.
-
ON APPLICATION.
MUNICIPAL BONDS.
INVESTMENT BANKERS,
l8t National
-
solicited.
Referenu, First National Sank, Ohieago.
121
Stanwood
&>
Co.,
BANKERS,
Devonshire Street,
BOSTON.
GENUINE
If ELDED CHROME STEEL AND IRON
Sound and Flat Bars and 5-ply Plates and Anglet
FOK SAFES, VAULTS, &C.
Canaot be Sawed, Out, or dri'led, and positively
Burglar Proof.
CHROME
STEEL.
WORKS,
Kent Ave. Keap and Hooper Sts.,
BROOKLYN, N.
tole Man'f 'ers in the U. S.
V
THE CHRONICLE.
1066
gaulijers
nn&
[Vol. LXJC.
"gxol^zvs t^nt of p^jetu
"garK
'•^'A'^A^i^^AAi^^'^AAAAAA^.A^.A.AAMiM^^^V^^W^V^^n.f^VkJWW
CHICAGO.
CHICAGO.
PHILADELPHIA.
Edward
&
Frazier
Bartlett,
&
Dupee
Schwartz,
Co.,
BOURSE
STOCKS AND GRAIN.
BDIIiDIlf*.
PHILADELPHIA.
2 Board of Trade,
WESTERN UNION BUILDING,
CHICAGO.
CHICAGO.
Members PhUa. and New York Stock Bzohanget
W.
E.
&
Clark
Co.,
BANKERS AND BROKERS.
Rfew York.
-
Co.,
BANKERS AND BROKERS
Co.,
Siocks, Grain and Provisions,
7 Weiv Street,
&
B. Smith
IVo.
PRIVATE WIRES.
139 Soutb Fourth
St.,
PHILADELPHIA.
Transact a general banking business.
Allow in-
terest on deposits
Edwin
L. Lobdell,
&
A. O. Slaughter
Members of the Philadelphia and New York Stoflk
Exchanges, and connected by private wire with New
York.
Co.,
BANKKRS AND BROKERS,
Banker and Brokeri
Wm.
113-117 liA SAIiLE STREET,
CHICAOO,
CHICACrO.
Rookery.
Ttae
Sproul & Co.,
PITTSBURG, PA.
Co., Henry
CnrCIXNATI, OHIO.
MEMBERS
DEAL IN
PITTSBURG
Co.,
AND
Cincinnati. Ohio.
&
Seasongood
8.
W.
Mayer,
City,
County,
Town and
H«NBY
310 East Baltimore Street. Baltimore.
Investment and MiscellaneoDS Securities a speo>
talty, and whole Issues handled.
CORBESPONDBNTB
Exceptional facilities for dealings in all classes of
Southern Bonds. Loans on Collateral Seoorltlei
Edward
Pollitz
&
Oldest Pittsburg
Co.,
STOCK AND BOND BROKERS,
Hawaiian Sugar Stocks a Specia/1/
403 California
Street.
SAN FRANCISCO. CAL.
Ladd
&
Tilton^
BANKERS,
PORTLAND, OREGON.
ESTABLISHED IN
&
Whitney
1869.
Vraneaet a Gonerai Banktnc Baalnosk
CoujurrioNS givin spioiai. ATmnn'^w
r.
Company
Investment
of Philadelphia.
310 Chestnut
St.,
Fald-Up Capital,
-
Plilladelplila.
-
BANKERS.
negotiated.
Wyndham
Mellon
Stephenson,
9800,000
This Company undertakes the negotiation and
Issue of loans and capital of Companies on the New
York or Philadelphia Market and will make advances upon approved Corporate, Personal or Ke*l
Estate security.
Under its charter rlRhts It will act as Trustee
Agent or Manager for the control of oorporatloM
or for the construction of public or private works.
Sonthern Secnrities,
Tirginia-Carolina Chemical Co. Stock.
REFERENCE— Mechanics' National Bank, New
York.
& Sons' Bank,
Mottu, de Witt
PITTSBURG, PA.
(GENERAL.
Boiling,
BANKER,
RICHMOBfO, YA.
1871.
Members N. Y. Stock Exchange.
ST. LOUIS.
Bdwabdb Whitakbk.
Whitaker
&
Chables Hodouan.
Hodgman,
BOND AND STOCK BROKERS,
300 Nortb Fonrtb
SOUTHERN INVESTMENTS.
Davenport & Co.,
BANKERS AND BROKERS,
Clark,
25 Exchange Street, ProTidence, R.
I
Transact a general banking business.
Bondi
Stocks and Local Securities.
Commercial Pap*
bought and sold on commission. Private wires t
New York. Boston and Philadelphia
&
1860.
Correspondence solicited and information furnished about Southern State, Municipal and Railroad Investment Securities.
Reference— Bank of New York, N. B. A.
BANKERS,
[
NORFOLK, VA.
ESTABLISHED
ST. LOUIS.
A. G. Becker
Co.,
RICHinOND, TIRGISflA.
Street,
&
&
Bankers and Brokers
BANKING, COLLECTIONS,
INVESTMENTS.
Richardson
The
Co.,
PITTSBURG, PA.
BANKERS AND BROKERS.
No. 209 FOURTH AVENUE.
Goak,
edwakd Pollits
Members Stock and Bond BzchaT\ee.
&
1867.
BANKERS.
IC8TABLI8HED
St.
"
Members of Baltimore Stock Exchange.
School Bondt
PACIFIC COAST.
Established 1808.
Co.,
Wilson, Colston
Sons,
PITTSBIJRC, PA
CINCINNATI, OHIO.
MUNICIPAL BONDS.
Hlgh-Grade
&
Wilson, Colston &
Bank of New York, N. B. A.
rirst National Bank of Philadelphia.
Corner Third and W^alnut Strootn
lianea In leading prosperous States of the Union, ei
peclaily adapted for safe and permanent inyestmen*
For Estates and Trust Funds.
WiiXLAM WILSON & Sons,
CHICAGO BOARD OF TRADE.
Cincinnati Bonds and Stocks,
St.,
SOUTHERN.
)
N. Holmes
In
BANKERS AND BROKERS,
104 SOUTH FOURTH STREET,
Members Philadelphia Stock Exchange-
/
Stock
C Exchanffes.
CHICAGrO
Brckers and Dealers
37 Eaut Third
)
PHILADELPHIA
&
John H. McQuillen &Co.
PHILADELPHIA.
NEW YORK
Barney & Smith 6^ Bonds,
Colnmbns Ry. Co. Stocks.
AND ALT. ISSUES
Colnmbns St. Ry. Bonds.
Irwin, Ballmann
28 South Third Street, Philadelphia.
PITTSBURG.
&
Hutton
E.
Co.,
Investments receive our special attention. Information cheerfully turnisbed regarding present
holdings or proposed investments.
Stock Kzchanse and Chloaso Board of Trade.
CINCINNATI.
W.
&
G. Hopper
STOCK AND BOND BROKERS,
IL.L..
Members New York Stock Hxohanee, Chicago
PRIVATH WIRES.
W. G. Hopper,
h. S. Hopper,
Members of Philadelphia Stock Exchange.
Co.,
INOOBPORATED. ]
John W. Dickey,
BROKER.
AUGUSTA, GA.
SOUTHERN SECURITIES.
Greater Seaboard Securities
COMMERCIAL PAPER,
DKAI.T IN BV
GEO.
N.
MACKENZIE &
BANKERS AND BKOKER!«.
199 La Salle Street Chicago,
111.
300 Water
St.,
CO.,
Baltimore,
Hd
i
@FedFRASER