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pnanrial
flmntfrna
[Entered according to Act of Congress, in the year 1899, by the William B.
VOL
Dana Compant,
SATURDAY NOVEMBER
69
CLEARING HOUSE RETURNS.
For the month of October the exhibit is very satisfactory.
In the aggregate for the whole country the excess reaches
40 2 per cent. For the ten months the increase over the
same period a year ago is 41- 1 per cent.
4,
in the office of the Librarian of Congress.]
NO.
189H.
The week's total for all cities shows a gain of 33-7 per
cent over 1898. The increase over 1897 is 50-7 per cent and
the excess over 1896 is 77-9 per cent. Outside of New York
the increase compared with 1898 is 27-6 per cent, the gain
over 189718 37-6 per cent, and the excess over 1896 reaches
66'2 per cent.
Ten Months.
October.
Weele.
1898.
1899.
,256,533, 246
107,073, 534
York....
Philadelphia
Washington.
170,548, 958
85,565, 640
25.427, 606
10.985 ,412
Roche,ster...
8,663 ,3831
Syracuse
5,405, 716!
5,080 ,875i
4,218,694'
Pittsburg....
Baltimore....
Butralo
•
Scr
non
1899.
1898.
P.Ct.
280 +48-7 50,460,532, 785
291,044, 495 -^00 3,979.529, 742
81,461, 547 --109 1,273,040, 989
88,793, 819 -3-6 1,021,815, 871
205,774, 013
19,581, 033 +29-9
99,496, 390
9,330, 3:34 +17-7
84,217, 349
7,924, 920 +9-3
48 034, 690
4,698, 779 -150
45 407, 576
4,030, 916 +26-0
30-2
37,147, ,08-3
3,239, 631
130
15,902, ,600'
1,555, 400
3, ,534,241,
,341.792,484 4-51-3
,»59,878,134 --34-5
806,180.454 - -57-9
757,559,366 --34-9
17-3
175,393,564
83,(300,462 --190
74,027.306 --12-9
47,235,238 4-1-7
3S,182,020 4-18-9
31,582,123 4-17-6
14,973,500 4-6j;2
Wilminston...
1.75 400
Binghamton...
Total Middle 5 ,981,260 4644 045,903,154 +47-8 57,270,899,087 38,331,004,651 -I-494
Boston
Providence..
..
Hartfurd
New HaveQ..
Springflelc".
..
Worce^tei....
Portland,
Fall Rivir
Iiowell..
New
Bddford
Tot»l N. Bng
Chicseo
Cincinnati
DetfOit
Cleveland
Milwaukee
Columbas
Indianapolis
.
Peoria
Toledo
Grand Caplds.
Dayton
Young(town
.
8pring3eld,ni.
Lexlnfton
Akroc
Kalanazoo....
Sagltaw
Koctford
Sprrtigfleld
641,161,354
35,463,900
11.049,685
7,324,941
6,474,585
6,720.907
5,700,099
4,679.204
3.059,332
2,152,610
468.434,,072 -I-36-9 5,862, 158,396 4.330,,894,307 4-35-4
274 227,700
216,,035,900 4-26-9
26.815 .900 4-32-2
113 ,588,337
10,341 179 -I-6-8
103,631,618 4-9-6
73,.574,059
66 .484,575 4-10-7
7,031
-H-2
-51
71
,776,379
61 ,432,099 4-16 8
1,767
6,821,
65,,655.43
64 ,445,348
5,282 -4-3
7,025,
63 ,446,328
60,,524,695
6,823,:,450 —16-5
+36-3
;,687
3
864,653
32,
3,433:
.331,813 4-17-6
28, 752.725
29,,664,613 -3-1
3,459,1,468 —11-6
22 547.551
23,,482.100
3,249?,645 -33-8
723,786,797
543,436,119 -(-33-2 6,613,591,365 4,988,827,06(j 4-32-6
597,033,004
68.388,950
38,218,039
50.798,419
26,528,232
24,439.400
13.866,782
10,098.533
9,240,211
5 248.255
4.749,046
1.660,352
2,308,024
1.765,496
1,812,500
1,619.328
1,544,244
1,281,180
1,229,782
1,187,357
489,061, 174 +22-1
_
Caiton
M.West.
861,017,134
S»n Franci.'co.
gblt Lake City
fortland
Los Angeles...
Seattle
95,647,212
18,971,473
9,972,344
7.764,629
11,589,649
6,808,332
5,104,103
3,030,705
2,274,214
742,948
Tot.
Spokane
Tacoma
Helena
Fargo
Sioax Falls....
ToUl
Kansas
Paciflc
155,905,609
City.
71,310.164
64,882,743
30,052.600
25,598,368
18,821,330
13.846,222
6,522,191
4,344.926
5,534.187
2.793,489
1,925,143
615.179
690,336
248,935.878
Minneapolis.
Omaha
St.
Paul
Denver
Joseph...
Des Moines..
Davenport,..
St.
Sioux City...
Topeka
Wichita.
—W
Fremont.
Hastings
Tol oth'r
.
1899
Clearings at-
I
New
Orleans..
liOuiBville
Galveston
Houston
Savannah..
..
Richmond
Memphis
148,818.750
43,380,527
37,153.604
20 669.300
18 436.559]
15,878,009
1.3,421,654
12,1 "2.977
Atlanta
Nashville
Norfolk
Augusta
Knoxville
Fort Worth...
Birmingham...
Macon
Little Rock..
.
Chattanooga..
Jacksonville...
til
56,958, ,600 - -20-1
29,731 ,280 --21-8
34,302, 921 --48-1
23,318, 702 --13-8
18,216, 900 - -34-2
11,788, 803 --17-7
7,548, 203 --337.373, 04 --25-3
4,029 020 --30-2
3,522, 452 --34-8
1,460, 296 --13
1,739, 894 -I-32-7
1,710, 676 -I-3-2
1,621,,500 -I-11-8
1,331 ,288 --21-6
1,315 "56 - -271
970, 345 - -321
862, 510- -425
5,413, 310,958
611, 771,150
343 183,069
427, 173,704
233, 579,390
214 .693,700
135 441,715
82, 735,039
90 464,8.56
47. 635,271
41, 9.55.012
14, 473.027
18, 173,815
15 963 830
16 828,380
14 821,994
13, 330,104
11, 968,138i
11, 731,633
10, 607.4971
4,453, 728,292
536 ,975,250
384, 858,105
317, 816,042
21-5
13-9
20-5
34-4
313 541,493
4-9-4
4-25-7
-12-4
--18-3
--14-5
--21-4
--30-3
--18-8
--17-3
ITO, 788,300
lU, 630,9.50
69, 947,531
78, 955,446
39, 240,716
33, 3,'0,320
Vi, 181,557
15, 495,048
17, 493.7(>4 —8-7
13, 171,900 4-27-8
13, 054,790 - -13-5
11, 385,875 --181
--38-9
--43-8
6;33.404 --82-9
9, •383,731
8, 216,409
889 ,028 4-36-6
697,630,395 +23-4 7,759,840,27^ 6,418,556,y3S +30-9
75.802,917 -t-26-2
7,877,,699 4-64-7
9,729,,752 -t-2-5
6,792,.233 -1-14-3
5,871,,473 97-4
4,350,,721 -1-56-5
3,891,,065 4-31-2
2,947,,607 -t-2-8
1,686,,000 4-34-9
518,.968 443-2
788,297,182
687,043, 330
101,071,122
87,788, .953
73,437,693
76,017 ,273
72,384,434
61,371 ,095
84,079,517
58,314 ,620
52,087,816
35,129 ,832
36,224,990
36,349 ,604
25,745,127
23,453 .067
13,130,616
10,530 ,055
5,873,452
4,566, ,543
1 19,468,435 -f30-5 1,252,330,979 1,038,564, 362
59.962, 783 -1-18-9
53,955, 521 4-20-3
32,798, 530 -8-4
•25.554, 590 -H)'2
14,633, 855 I-28-6
10,801, 177 -28-2
5,156, 530 --26-5
3,866, 806 - -18-6
4,397, 728-4-25-9
2,595, 296 4-7-6
1,818, 671 4-5-9
545, 589 4-12-8
495, 054 4-39-4
4-18-2
449-1
3-4
4-17-9
-^9-3
-^8-3
-0-3
-I-9-8
4-24-7
4-28-6
-1-20-6
New York
1.090,029,146
92.909.928
38,490.898
18,285.425
5,633.844
2,695,612
Philadelphia...
Pittsburg
Baltimore
Buffalo
Washington....
Kocbester
Syracuse
Scranton
Wilmington....
1,588,840,
1,073,455
1,238,475'
785,752'
Binghamton
339,200
Total Middle.
Boston
Providence
Hartford
.....
2,180.649
1.488,373
1,313,491
1,384,898
1,216,393
953,004
601.080
441,489
New Haven
Spriugfleld
Worcester
Portland
Fall River
Lowell
New
Bedford...
Tota NewEng..
Chicago
Cincinnatt
Detroit
,
Cleveland
,
Milwaukee.
....
Columbus
Indianapolis
Peoria
Toledo
Grand Rapids
,
,
Dayton
Evansville
Youngstown
Springfield,
479,365,905 4-10-1
354,354,513 4-19-0
256,955,007 -4-9
12-0
171,176,-304
15-5
123,264,779
103,940,916 --25-5
50,023,S04 --20-6
31,030,996 --14-0
33,583,629 --23-2
22,940.618
18,617,191 +8-4
4,658,469 4-16-8
4.552.470 4-85-0
111
Lexington
Akron
Kalamazoo
Saginaw
Rockford
Springfield, Ohio...
Canton
Tot. Mid. West'n.
San Francisco
Salt Lake City
216.382,130 -t-14-1 1,851,193,101 1,654,368,501 -fll-9
9,537 620
6,170,037
6,199,336
4,835,048
2.680,597
3,517,095
3.466,705
3 018,000
1,939,185
1.614,640
996^
131,856, 546 4-12-9 1,344,750,485
31.339, 661 4-38-4
353,377,285
29,920. 475 4-24-2
338,038.763
22,529,250 -8-3
135,700,950
8-3
20,111, 499
120,8*3,113
-9-7
17,574, 876
103,601,941
11,208,.298 4-19
139,269,241
9,344, 333 4-29-8
83,269,435
28-9
7,515,,423
65,286,799
5.045, 050 4-22-3
55,349,496
5.0-24. 529 4-23-4
49,493,483
4,946,,749 -2-2
38,139,038
2,460,,983 4-8-1
24,580,046
3,963,,333 -11-3
37.004,530
4-56-0
2.222,,423
26,598,896
2.722,,000 4-10-7
21,757,000
1,574, ili 4-23-2
15,378,171
4-4-9
1,539,,038
14,032,707
1,009,,067 -1-3
9,3<4.730
,175,242. 999 4-14-4
337,003, 025 4~l-9
284.780, 714 +18-7
134,841,.650 4-0-6
119,365,,395 --1-2
98.840,.177 --4-8
108.139,,797 +28-8
-2-7
a5,550,,428
56.723,,784 +15-1
-16-2
47,640,,557
40,389 .869 --22-5
30,174,,181 - -26-4
22.166,,091 - -10-9
35.753,,485 +3-5
18,916,788 +40-6
22.110,000 —1-6
14.38.3 ,794 -f6"9
14,536 ,638 -3-5
9.249 ,049 +1-5
Winnipeg
:....
Halifax
Hamilton.
St.
John
Tot. Canada.
69,792.811
46,979,986
12.689.000
6,795.310
3,608,532
2.814,535
142.679,574
66,354,890 4-5-2
654,504.807
594,876,216'+10-0
38,349,779 4-22-5
413,171,223
355,034,847 - -164
9 347 ,692 --35-8
80,384,664
68.412,055 --175
5;408;955 --95-8
57,210,514
50.979.828 - -12-2
3,103,928 - -18-3
32,877,707
29.155,255,4-12-8
24.941, X98 |jj-r3
2,498,469 - -12-8
26.762,470[
125,063.7134-14-1 1,264,911,1851
1851 1.123.400,099|+iF6
Table clearlnsa by televraph
p. ttj7.
156,911.244
134.895,946
15,012,800
7.378,880
11.049,083
5.933,053
5.487,400
3,300.r34
2,286,935
1,958,815
1,069.407
998,557
1,194.750
555.478
586,905
382,000
394.000
306,083
355,099
303.829
858,181
866.846
193,968.7691
19.877,306
8,974.418
Portland
P. Cent.
1897.
1896.
Minneapolis
Omaha
,
Atlanta
Nashville
Norfolk
Augusta
Knoxville
Fort Worth
Birmingham
Macon
Little Bock
Chatrannoea
,
,
,
124,934.266
112,574,915
11,394,950
6,818.160
7.228,601
4,819.599
4,127,100
2,669.237
1,433,082
1,629.393
815,099
815,454
851,881
343.903
420.000
337,311
357,770
327,446
254,181i
224,805
833.026
177.870
157.653,l»3i
Toronto
Winnipeg
Halifax
Hamilton.
St.
John
Victoria*
Vancouver
Total Canada
*
-
-
101.804.585
11,942.550!
5,718,113
6,379,291
5.173,329
3,399,600
2,557,302
1.639 934
1,553,423
804,734
646,890
j
i
-83-6
-59-5
-20-2
-31-2
-28-4
-40-3
--61-4
-
276,192
-39-7
--13-2
--10-3
310,438'
229,000
264.811
-6-5
+39-9
238,585
205.412
--34-8
-10-7
--50-0
-
134,'H)3
159.394
!
+83-1
+16-1
143,438,191
16,711,295
1,888,261
2,821,331
1.214,297
1,198,714
705,838
972.276
500.000
300.214
43.186,007
29.514.118
7.653.876
6,463,857
5.327.850
4-6-3
560.765
643,297
1,058.084
546.787
617,000
303,396
323,102
284.722
88,342.600
8 288.773
5.684.419
4,545,800
4 13-2.880
4.085.709
1.963,277
3,340.651
1,486,430
976,232
1,139,753
1,104,215
398.5C9
820.7501
895.888
698,000
487,584'
360.788!
4.r37.979!
3.897.601
2.157.545
2.145,893
1,545.644
1,076,817
1.177,070
1,047,031
226,258
Jacksonville
70.511,649
Total Southern..
78.493.9671
1.769.569.914' 1.323.751.906
Total all
Outside N. York.
Montreal
112.991,959!
--19-8
--31-8
--11-5
- -68-9
--23-9
--32-9
81,361.888,
10,076.528
7.793.589
5.031 850
4,578.959
3,880,743
3,042 663
8.991.448
1,901.428
1,258,338
1,413.969
1.209.1851
590.143
440,5721
,
-18-7
+51-0
-7-7
-0-2
+85-6
+88-0
1.274,471!
Wichita
Fremont.
Hastings
Tot. other West..
St. Louis
Houston
Savannah
Richmond
Memphis
1.459,096
631.296
651.201
442.464
1.676,1221
1,211,682
1.271,569
1,439.236
980.467
581,411
775.055
4-10-1
Sioux City
Topeka
Galveston
-100
48,836,702!
2,952,046
1.320.163
818,695
Orleans
1,5:J8.331|
676,833,012
31.243,448
4,213,200
1,867,936
1,384,155
1,102,183
1.201,639
1.427,372
781,315
461,684
423,434
93,906.306
81.430,162
9.970,150
5,075 818
4.792,698
4,165.565
2.799,400
1.841.888
1.363,803
1,338,520
575,926
490,935
53.756,860
Joseph
Des Moines
Davenport
New
4-40-3
4-8-3
+10-3
—15-9
784,196.667
98,083,791
4,837,200
2.195.326
97,0^4
141.987
3,890.4-24
Loaisvilie
+27-1
472.508
378,961
69,530
97.945
Denver
St.
4^-8
4-39-9
13.676.770
12,407.460
7,833,994
5.650,789
3.203,269
2,237,914
1,059.193
609,227
925.684
566.036
432.738
122,357
112.271
6.415,266'
5.973,119'
Paul
+1-8
--10-9
--32-4
--25-4
585.652.121
55,916,559
12,498,352
13.226,365
3,959,337
1,592,462
1,319.391
881,545
793,175
530,305
262,900
15,599.354
14.243 566
1.693,732'
1,226.1291
680,6651
410.6501
Total Pacific
4-34-0
680,289.861
63,454,461
16 047.823
13.858.535
4,303,790
1.967,256
1,488.184
988.176
977,729
621,052
281.800
26.201,191
3,055 864
Spokane
Tacoma
4-70-5
172,882
Seattle
Fargo
Sioux Falls
108,951.609;
8,340,800
2,018,155'
1,344,900
1.582.614
-f-37-8
+102-5
—9-4
+28-1
33.376,499,
Los Angeles
Helena
791,118,985
54,495,407
19,004,036
20.173.928
4.398,349
8.011,148
1.558.885
968,086
935,776
626.765
383,600
895,614,915
16.605.452
1.800.827
2.230.000
1.268,636
1,281.289
941.604
955.105
621.320
405.400
102.558
2,156,628;
1,728,445'
St.
!
1.253,068.5;5l
138,442,6671
8.895.400!
Kansas City
527,684,553
421,616,437
244,432,431
191,755,26
142,383,914
130,406,330
60,333,782
35,357,066
41,355,663
24,587,335
20,174,948
5,415,453
5,691,922
Total South 353,819.933 3 11.907.957 |4-13-4 8,975,816,109 .655.798,^
;,424 +12-5
Total all. .. 8.322.725.815 5.934.727 ,1»0 +40-2 77,723,670.913 1,087,113.1r927 4-41-1
Outside N. T. 3,066,198,569! 2,400,485.910l4-27-7 87,263,138,13»|21,745,321,443 +25-4
Montreal
Toronto
189a
1899.
,
St. IiOuis
ending October 28.
$
%
New
P.Ct.
1798.
679,540,768
532.633,0211
17.056.504
10.688.717
3,209,674
1.500.000
792.232
718.293
618.025
1,005.866
15,740.205
8.637.340'
84,871,276
29,756,4931
Not included In totals.
2.348.H00I
1,2.?9.603'
4-65-2
—3-3
4-36-3
+138-5
-1-80-0
4-28-4
j-9;5
+i8-4
+27-4
+14-1
82.5961
85.794,822:
11,472,169
13,655.364
4-14-8
—18-1
+5-7
5,497,5281
5,155,863!
2,438,086
1.222.243;
1,426,803
--81-5
- -38-0
--24-7
--34-4
--37;7
574.472
724 415
+31-7
4-20-8
-»-6
-3-2
-0-41
-Ml-O
--39-5
--23-0'
--16-9
-
-20-11
-15-61
-12-9)
-22-4'
6-35,800
4-637
-3-1
+80-7
4-117
-20-5
+11-3
451,908
785.000
447,236
251,115
178,638
84,424,954
4-33-7 1,174,032.800|
+27-6
-
-21-1
613.193
--29-2
677.352,
-
eod.odo
+67^
1.654,807
1,194,817
910.418
439.328
493,086
410.081
337.123
67,102
78,813
33,183.898
18.971,095
9,474,131
5.181,034
3,529.100
3,432 714
3.089.102
1,856.174
2,118.906
1.443.691
888.887
1.261.304
1.210.793
387.765
573.889
357.680
311.986
138.884
816,700
54,326.570
994.653.500
a6,84«''4^
81.034,871
7.685.662'
3.121.577i
1,4:».389!
596.010
-24-4'
813.727
484,379
547.742
658.662
469,580
131.673
66,618
21.154,347
9,185.321
9,913.310
3,663,305
4,336.078
564,3631
12.953.645
--36-7
1.463.895
1,793,128
408.901,888
10.608.844
6.861.278
1,886.383
1.179,415
657,671
456,840
493.892.7391
-f^-6]
301.807
277,400
228.024
280.090
188,097
121,159
137.944
115,349,376
14,725.143
1
+17-2|'
THE CHRONICLE.
928
the Pennsylvania and the Milwaukee & St. Paul furnish illustrations of the kind this week.
But in these
THE FINANCIAL SITUATION.
The experience
[Vol. LXIX.
week has afforded
striking illustration of the fact that to make an easy
money market calls for more than what is sometimes
Last Saturinterpreted as a favorable bank return.
day's exhibit of the Clearing House institutions
instances the augmentation can hardly, it would seem,
be attributed to any great extent to the higher prices
paid for the items entering into the operating ac-
showed an increase in the surplus reserves of $1,597,450.
This gain in surplus seemed everywhere to be
taken as a harbinger of easy money: hence at the close
of Saturday and at the opening Monday speculators
were rampant. A weak element in their hopeful augury
was that the gain referred to had been secured in the
face of no addition to, but an absolute falling off in,
to the policy of
the actual
of the current
money
holdings;
meant that the banks had
guard (that
less deposits
is
consequently
less
it
only
available funds to
on hand) and hence
less
counts. Surface indications rather encourage the id., a
that these heavy additions to expenses are referable
making
liberal outlays in Yarious di-
now
that revenues are so good and there is no
occasion for economizing to the same extent as before.
rections,
The improvement
section of country,
in earnings is confined to no one
though the roads running through
the iron and coal districts appear to be particularly
favored in this respect. We publish to-day in our
railroad department a long
and net
for the
sary to refer to
month
returns of gross
of September. It is not neceslist
more than
of
a few typical cases.
In
had the previous Saturday. the South we have the Norfolk & Western with
money
Surely such facts furnished no opening for fresh $203,394 increase in gross and 1164,176 increase in
Instead of expansion in loans net, the latter 46 per cent, and the Louisville & Nashspeculative accounts.
further contraction was necessary; for the first of ville with 1380,259 increase in gross and $119,407 inNovember payments had to be made. As soon as crease in net. Among the Pacific trans- Continental
preparations began for that event proof was in evi- lines, the Southern Pacific, whose stock has been so
dence by the very high rates ruling of the real sit- active this week, reports for the same month an
to loan than they
addition of over a million dollars to its gross
money market.
To our mind the foregoing is sufficient to explain receipts and of $533,000 to its net. Tae Union
Pacific and the Canadian Pacific also snow subthe spasm in money Monday afternoon and Tuesday
indeed, if added to the uninterrupted shipments of stantial gains. Out in Colorado the Denver & Eio
uation of the
;
currency to the interior, while the Treasury receipts
have continued in excess of disbursements, it is a full
explanation of the high rates ever since. It has been
reported to us that there was some manipulation on
Tuesday, an unnecessary calling of loans said to
amount to 3^ million dollars by a certain institution
short of exchange, resulting in running the rate up to
"We find no need of calling in any such
35 per cent.
special transaction to account for the week's stringency.
Manipulation is always possible, and perhaps probable,
on such an occasion. That, though, is not the lesson to
be learned. There is a more obvious one, which is
that the only safe course for all parties is to act on
the expectation of a close money market for coming
weeks. As we have frequently indicated, the obvious
presumption favors an active inquiry for loanable
funds until at least after the first of January. Even
subsequent to that date low rates are by no means
assured unless the Government devises some measure
for letting out its surplus receipts.
Grande has done $152,340 better than last year in its
gross and $42,802 better in its net.
Mr. George Coppell, the Chairman of the Board of Directors, has just
returned from a trip over the road, and he reports conditions very prosperous, the ore smelters all at wcrk,
and the only drawback a scarcity of labor. Among the
so-called Northwestern roads,
the Burlington it
Quincy has gained no less than $722,705 in gross and
$298,443 in net. The Milwaukee & St. Paul, for the
reason already mentioned, although
nearly two hundred thousand dollars to
in
railroad gross earnings con-
tinues the most striking feature of the situation.
This improvement is all the more noteworthy now
since
it
follows considerable expansion last year
and
its
gross,
reports a loss of $202,000 in net.
In amount of increase, however, no road approaches
the Pennsylvania Kailroad.
The magnitude of its
gains gives one an idea of the marvelous activity and
prosperity of industrial affairs, and particularly tht
iron
and
On
steel trades.
the lines directly operated
and Erie, the company reports an
improvement in gross of $854,300 and on the lines
west of Pittsburg an improvement of $686,300,
east of Pittsburg
making together
The improvement
having added
If the lines controlled,
$1,540,600.
but separately operated, were included, the increase
would be yet larger. In the net the showing is different, as already indicated; expenses were added to
$698,300 on the Eastern lines and $711,900 on the
Western lines, or $1,410,200 together. Hence net
has increased in the comparatively small sum of
Last year in September the gain in gross
$130,400.
was slight, being on the combined system only $118,600, but this followed $1,192,500 gain the year before.
The annexed statement shows the results on the
should be remembered, too, that
these gains are being made on the old basis of rates,
that now there seems a fair prospect that slightly
higher transportation charges can be enforced, and that
hence the outlook is good for still further expansion
in the revenue returns. In the matter of net earnings
of course the situation is complicated by considera- Eastern lines for a series of years past.
tions bearing on the part to be played by the higher
the year before.
It
prices for materials
But
and supplies
in
augmenting
ex-
a small increase in rates can be obtained
this should offset the influence of dearer supplies,
penses.
if
leaving the roads to enjoy the benefit of the further
growth in traffic arising from the continued activity
and expansion
Increased expenditures are
already noteworthy features in the case of a number
of roads; the October returns of the Lehigh Valley,
of trade.
LINK8 EAST OP
PITTSBUBO.
September.
1899.
*
1898.
1897.
18tia
$
«
<
181.5.
1884.
9
Gross eamlntfs. .. 6,641 489 5.790.139 5.859.689 5.176,339 5.7->6,63P 5498.083
Operat'K expenses. 4.265.72^' 8,667.42!? 8.719.728 8.371,728 3.a7<,12h 8.1 OS. 866
Not eiimings... «,37f,71)
2.222.711
2.14&,('ll
1.804.611
2.112.411
2,092.217
Jan. 1 to Sept. 30
Gross earnings
63,461.606 1*'.088.H06 48,788.506 46,060.970 46.P46,670 12,244,641
Operat'K expenses. 37.457,091 33.ai.199 3a,057.59w 33 849.25: 33.133,567 29,668.171
Net earninKS..
If .001 .407 11.727.607 14,730.9. 7 l2.7U,7l;< 13,: 13.113
12.6-6.170
November
THE CHRONICLE.
4, 1899.]
The
929
discounts of sixty to
records of bank clearings and of mercantile insolvencies tell the same story of trade activity and
per cent.
According to the statistics prepared for
"Dun's Keview" by Col. AV. M. Grosvenor (an advance copy of which has been kindly furnished us),
the number of failures in the United States during
October 1899 was only 610, against 800 in the same
month of 1898, 875 in 1897, 1,254 in 1896 and 1,189
The liabilities were but $5,665,745,
in 1895.
open market rate at Paris is 3 per cent and at Berlin
and Frankfort it is 5^ per cent. According to our
special cable from London the Bank of England lost
£355,107 bullion during the week and held £33,411,-
The
prosperity.
ninety day bank
cable reports
bills
in
London 4^ per
cent.
The
Our correspondent
610 at the close of the week.
further advises us that the loss was due to the import
of £106,000 (bought in the open market), to exports
$14,126,754 in 1898, $9,577,751 in 1897, of £62,000 (of which £15,000 were to South America,
and $15,386,750 in 1895. £12,000 to India and £35,000 to sundry points), and
$14,880,266 in 1896
With reference to the bank clearings our usual to £399,000 net sent to the interior of Great Britain.
against
another part
in
comparisons appear
the detailed statement on page 927 and
of our paper
the monthly summaries and five-year comparisons on
page 937. Suffice it to say here that the increase over
the same month last year amounts to more than 40 per
Outside of New York the aggregate is the
cent.
we mean the largest of any
largest ever reported
elaborate
—
—
month
of
any year.
Among
the separate cities there
are a few decreases, but these are found mainly in the
South, where the smaller cotton crop is reflected in
reduced clearings and also in a loss of earnings by
some of the railroad carriers, particularly the lines in
Texas.
Money on
call,
representing
bankers'
balances,
during the week
at 35 per cent and at 4 per cent, averaging about
On Monday the range was from 30
10 per cent.
per cent to 6 per cent, with the bulk of the business at 10@15 per cent, and the higher rates were,
On Tuesas above noted, recorded in the afternoon.
loans
were
made
per
per cent,
at
35
cent
and
at
6
day
with the bulk of the business at ]5@18 per cent. On
Wedcesday the range was from 20 per cent to 5 per
centj with the bulk of the business at 8@15 per cent.
On Thursday loans were at 9 per cent and at 4 per
On Friday
cont, with the majority at 6@9 per cent.
the range was from 8 per cent to 5 per cent, with the
bulk of the business at 6 per cent.
Banks and trust
companies quote 6 per cent as the minimum, but
Ihese institutions have loaned as high as 20 per cent
The activity in the call loan
during the Aveek.
branch of the market has tended to limit offerings of
time money on stock collateral, but some business has
been done by banks at 6 per cent for four months, on
Quotations are 5i@6 per cent
choice security.
ninety days
sixty
to
for
and 6
per
cent
for longer periods, on good mixed Stock Exchange
collateral.
The supply of commercial paper is
only moderate, while the demand, especially from
city institutions, is small.
There is, however, a fair
loaned
ac
the Stock
Exchange
The
foreign exchange market was active and lower
on Monday, influenced by dearer rates for money in
New York. There was a somewhat steadier tone at
the close on the following day, though in the morning
the market still felt the influence of higher rates for
money. There was a firmer tone on Wednesday, with
a recovery in rates, caused by a scarcity of bills and
also by fractionally higher discounts in London, and
the market was steady and unchanged on the following day.
Bankers continue to report an exceedingly
small supply of commercial bills, especially those
drawn against cotton. While grain bills are rather
more freely offered, such is the urgency in the inquiry
for
them that they command
full
The
prices.
in-
bankers to obtain commercial bills for covThe
ering their drafts makes long sterling strong.
current demand for remittance, together with some
buying for the renewal of maturing contracts in exchange, tends to make the undertone for short sterling firm.
Receipts of gold at the Custom House for
the week were $451,263, of which $418,000 was from
ability of
Vera Cruz.
Nominal rates for exchange are 4 84 for sixty- day
and 4 88 for sight. Rates for actual business opened
on Monday at a decline of one quarter of a cent compared with those at the close on Friday of last week,
to 4 82|@4 83 for long and 4 86|@4 87 for short,
while cables were half a cent lower at 4
87^@4 87|
and then, as above noted, the market was affected by
dear money.
On Tuesday, while long sterling and
cables were steady and unchanged, short sterling was
one- quarter of a cent lower at 4 86^@4 86f. On Wednesday, however, the firm undertone to the market
seemed fully to counteract the effect of active money,
and rates for exchange advanced one-quarter of a cent
all around to 4 83@4 83^ for long, 4 86|@4 87 for
short and 4 87|@4 88 for cables.
On Thursday the
market was steady at unchanged rates, and it continued generally steady on Friday though then short
sterling was advanced one quarter of a cent.
The
exchange
by
amount of business done, though at full rates. following shows daily posted rates for
some
of
the
leading
drawers.
Quotations are 5@5^ per cent for sixty to ninety-day
endorsed bills receivable, 5i@5f per cent for prime and
MON.. TCTES., Wed.. Thcth., Fri.,
Fri.,
Nov. 2. Nov. a.
Oct. 27. Oct. 30. Oct. 31. Nov.
6@7 per cent for good four to six months' single
1.
names.
Brown Bros
Baring,
The news
of the disaster
to
the British forces at
Magoun &Co..
Bank British
No. America..,
t Sight...
484
488
484
488
5
60 days
4 84
}
Sight...
488
5
60 days
}
Sight...
J
60 days
84
88
84
88
84
88
84
88
84
88
84
88
»4
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
at
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
88
84
84
88
84
88
60 days
484
Ladysmith, Natal, on Monday was confirmed on the Bank of
Montreal
{Sight...
488
following day and the details, together with reports Canadian Bank fiO days
484
of Commerce. {Sight...
488
of aggressive movements by the Boers having for Heidelbacti, Ick 60 days
484
elheimer & Co,.< Sight...
488
their object the cutting off of relief from the be484
Lazard Freres... (60 days
Sight,..
488
sieged British forces, have disturbed somewhat the Merchants' Bk. 60 days
484
J
situation at London.
The security markets seem, of Canada ,) Sight... 488
however, to have been well supported, though the
The market closed steady on Friday, with rates for
discount market is firmer. The Bank of England's actual business 4 83@4 83i for long, 4 87@4 87^
minimum rate of discount remains unchanged at 5 for short and 4 .87f @4 88 for cables. Commercial
4
5
(
•
(
THE CHRONICLE.
930
[Vol. LXIX.
82^@4 82f and documents for payment little force under Sir John IMoore. The undertakings
4 81i@4 82f cotton for payment 4 81i@4 81^, cot- of Howe and Burgoyne in the war of American indeton for acceptance 4 82^@4 82f and grain for payment pendence reflected the same military shortcomings,
not in that case relieved by subsequent success. As
4 82i@4 82|.
on
bauJis
4
;
back as 1745, the defeat at Fontenoy was a witness
The following statement gives the week^s movement to rash manoeuvering, in that case directly attributable to inefficient generalship.
of money to and from the interior by New York banks.
The explanation of this almost uniform experience
Net Interior
Shipped by
Received by
Week Endtng November 3, 1899.
does not seem to us difficult. The English are not
Movement.
N. r. Banks. N. T. Banks.
far
Currency.
Gold
Total gold and legal tenders.
.
$3,239,000
647,000
$5,034,000
908,000
Loss. $1,795,000
261,000
Loss.
a warlike nation, in that they are reluctant to use
peace as a means of perpetual preparation for war.
$3,886,000
$5,942,000
Loss. $2,056,000
On
With the Sub-Treasury operations the
result
Out of
Banks.
Bank
Week Ending November
Into
1899.
S,
Banks,
is:
Net Change in
Holdings.
movement, as above
$3,886,000
finb- Treasury ODeratious. ............
17,000,000
$5,942,000
19.000,000
Loss. $2,056,000
Loss. 2,000,000
$20,886,000
$24,943,000
Loss. $4,056,000
Banks
interior
Total gold and legal tenders
the other hand, they are an eminently warlike
people in that when once confronted with an enemy,
they are impatient for the struggle, stubborn in
maintaining it, and reckless in the cost of life. In
days of organized armaments and warfare, this is
a hazardous combination at the beginning of hosIts perfectly logical result is recklessness in
tilities.
The following
in the principal
of bullion
European banks.
November
Bank
amount
table indicates the
2,
two
November
1899.
Silver.
£
England....
France
Germany.
..
Bu8sia
Au8t.-Hung'y
Spain
Italy
Netherlands.
Nat.Belg'm...
Total.
Gold.
£
£
Silver.
Total.
£
31,873,547
33,411,610
33 411,610 31,872,547
76,458.314 4«.776, 848 122, 235.162 73,328,550 48,886.204 122,214,754
380.000 24.066,000 12,398.000 36,464.000
23,351.000 12,029, 000
803.000 98,736,000 3,636.000 102,372,000
85.415.000 4,3-8, 000
503,000 35,415,000 12,4«5,000 47.900,000
36,918.000 12,584, ,000
480.000 11,063,000 5,394,000 16,456,000
13,600,000 13,880, 000
885,000 14,957,000 3,374,000 17,231,000
15,446,000 1,439, 000
2,974,000
5,851, 000
825,000
4,315,000
6,666.000
10,981,000
2,914,000
1,457, 000
,371,000
2,775,000
1,387,000
4,162,000
Tot.thi8 week 289.487,924 98,404.848 387.892,773 296,527,097 93,126,204 389.653.301
Tot. prev. w'k 291,.: 94.319 98.836,283 390.120,502;298.041,611 93,346,149 391,387,760
THB BRITISH REVERSE IN THE
TRANSVAAL.
The
when unprepared
by the English forces in
South Africa last Monday, whether really serious or
not, will not strike readers of English history with
much surprise. There has, in fact, been a rather
curious regularity in the occurrence of disaster,
greater or less in extent, to British arms at the opening of a campaign. The reason for such reverses, too,
is exactly that which appears to explain the episode
Throughout their history the characat Ladysmith.
teristic of British campaigns has been their ignoring
of the enemy's power at the outset, their stubborn and
gallant fighting, usually against odds, a sudden and
disastrous loss, and then, as a rule, the settling down
to the sober and practical conduct of the campaign,
which, when combined with tenacity of purpose and
wealth of resources, usually brought eventual success.
The overthrow of General Colley's army by these
very Boers in February 1881 is perhaps the most obvious case in point for at Majuba Ilil), as at Ladysmith, a rash movement had been undertaken with insufficient forces and in departure from the general in
But the earlier Transstructions from headquarters.
initial reverse suffered
;
for the contest.
From the
qualities results, for one thing, the heavy per-
centage of
3, 1898.
of
Gold.
attack
officers lost in
battle
— the
killed at the
Ladysmith engagement, for instance, numbering by
the official report 6 officers against 54 non-commissioned officers and men.
Much has been said on this
point in connection with the recent actions in Natal,
and some conclusions have based themselves on the
assumed misjudgment by the English of their
Boer antagonists, or on the exceptional marksmanship of the Boers. But the battle of Inkerman, fought against a regular continental army,
showed precisely similar results. Out of the 2,600
English casualties in that fight, 145 were ofScers';
and the disproportion arose from exactly the
heavy loss
the
which brought about
causes
of
officers
in last week's fight at Glencoe.
Indeed,
than the
not need to go further back
record of our own army before Santiago, to find exactly similar tendencies and causes producing exactly
similar results.
Of the 1,231 American casualties in
that action, 103 were officers and the percentage of
officers actually killed on the field was larger than
we do
Both in
Ladysmith or Inkerman.
self-exposure
Natal and in Cuba it was venturesome
by the officers which led to such decimation of theil
numbers. The parallel, we suspect, may be carried
further, as illustrating from our own experience the
position in which Sir George White has been placed.
At Santiago we were fighting a weak and disheartened
enemy, and our land forces were most effectively supported by the fleet. Yet, now that we know how
inadequate were the preparations for a sustained and
vigoriius campaign, does any one doubt that with Santiago an inland city, in the hands of active and resolute defenders, we should have escaped a succession
Even with condiof reverses and discouragements ?
that of
either
tions as tbey were. General Shafter's dispatch of July
which the commander of
the Afghan war ofJ 1880 was begun perhaps inev- the army distinctly intimated that his forces had been
on a scale of inadequate preparation, and the checked, that his position was becoming untenable,
itably
first important incident of the war was the annihila- and that he might have to fall back upon the ships.
tion of the four English regiments near Hyderabad by
We do not review these facts for the purpose of arAyoob Khan. Only by the narrowest chance and the guing, as regards either the English or the American
mismanagement of the Kussian commander was a people, that neglect to maintain a great trained army,
vaal episode does not stand alone.
—
Campaigning
in
3 will be
remembered,
in
—
escaped by the English troops at the constantly ready for the field, is a mistake. On the
battle of the Alma in 1854, the first engagement of contrary, we are decidedly of the opinion that the
the Crimean war. The brilliant achievements of Anglo- American policy in regard to standing armies
English arms under Wellington in the Peninsula, des- is correct. It may be the only part of wisdom to pretined to give the first serious blow to Napoleon's pres- pare for war in time of peace. But there are more
tige, were introduced by the disastrous rout of the ways than one in which to prepare for war, and it is
flimilar disaster
November
4,
THE CHKONICLE.
1899.]
This,
it is
needless to say,
done under a system of military conscription for a
large part of the most useful and active members of
The approach to national
the industrial community.
exhaustion by more than one nation which has tried
this experiment is the best judgment of modern times
on the question.
Furthermore, when the national resources and the
national character are sound and unimpaired, such
initial reverses as we have described count for nothing.
The reverse at Corufia did not put an end to the
English movement against Napoleon's Spanish pretensions; the losses of Inkerman and Balaklava did not
change the result in the Crimean war; the Battle of
Bull Run did not end the exertions of the North.
The Battle of Majuba Hill would have been followed
by a sure English victory but for the fact that the
Boers themselves appealed for and obtained peace,
and nobody supposes that if General Shafter had retreated to the shore last year, the effort to drive Spain
out of Cuba would have been abandoned.
In each of these instances there was the reserve
There
force of national resources to fall back upon.
would certainly have been less of these resources had
the nation concerned spent the previous generation
in studying army tactics instead of the commercial
markets. War in these days, it must be remembered,
comes to a nation once in twenty or thirty years, and
lasts on the average, when it comes, about six months.
TJnlfss these very occasional conflicts are to be the
a theory
chief interest and object of the human race
which no doubt has some advocates it appears to us
that nations which devote their time to the business
of ciyilization, and incidentally build up their real
resotrces for such future contests as may be unavoidable, have the best of it.
—
—
THU GREAT NORTHERN REPORT.
The
fiscal
year ending June 30 1899, was an event-
Northern Railway
Company, la the company's finances it was marked
by transactions of great magnitude and of large im
portance. During the twelve months the stock was
increased from $25,000,000 to $90,000,000 ($89,226,-
ful one in the history of the Great
610
is
the
amount
actually reported outstanding
stock exceeds that of most of the
prominent Western companies. But the system is
its
—
one of vast proportions we mean not merely in the
fact that it extends from the head of the Great Lakes
all the way across the Continent to the Pacific Coast,
but also that it embraces other than that a very ex-
of
admitted are both low averages, especially in the case
of a system in such an advanced state as the Great
Northern.
If the reason be sought for the continued small
average of capitalization in face of the large increase
in the aggregate of stock issued, it will be found in
the fact that the increase only in part represents the
creation of
new
obligations
and that part
covered
by the acquisition of additional mileage, while the
rest of the increase represents mainly the exchange
of stock for other forms of securities previously
outstanding. We explained these various operations
in reviewing the report of the previous year, fifty of
the sixty-five millions of new stock created during the
late twelve months having then already been determined upon. The present report goes into the matter
quite at length.
We shall indicate only very briefly
the nature of the transactions. Fifteen million dollars went to redeem a corresponding amount of the
company's collateral trust 4 per cent bonds and 25
millions went to take up $20,000,000 of stock of the
St. Paul Minneapolis & Manitoba Railway Company on
which the Great Northern was paying 6 per cent
guaranteed dividends. This accounts for 40 millions
of the 65 millions increase in stock.
Of the remaining 25 millions, $10,000,000 was used to acquire the
$12,500,000 stock of the Seattle & Montana Railroad
previously given as a bcnus to Great Northern stockholders, and the other $15,000,000 served to furnish
the means for the company's capital needs in providing
new branches and extensions. Just half the fifteen
is
new stock issued
Minnesota, which is building some
millions ($7,500,000) represents the
by the Eastern of
important new lines, the Great Northern taking the
whole of the new stock issued.
The Great Northern is now paying 7 per cent per
annum on its stock, and therefore the yearly requirement on the 90 millions of stock will be $6,300,000.
This makes a study of the income account for the
late year very important and very interesting.
The
amount paid out in dividends during these twelve
months was $3,851,034 (the stock having been gradually increased), so that in the current or new fiscal
year the requirement will be, roughly, $2,450,000
larger than in 1898-9.
As against this, however,
June there
30 1899), and in this particular the company now
stands on even footing with some of the largest railroad corporations of the day. As a matter of fact the
aggregate of
Taking the mileage
main track covered by bonds
in the hands of the public, namely 4,697 miles, the
average of the bonded debt outstanding per mile of
cannot be main track is found to be $20,693. These it will be
hardly open to question that a most important way,
in these days of costly wars and expensive armaments,
is to develop the national wealth and resources to the
highest point.
931
be a saving of $502,525 in the interest
charge on Great Northern bonds and the dividends
on Manitoba stock (on account of the retirement of
these bonds and this stock), making the net increase
will
than two million dollars
The income account shows a surplus
in the call for dividends less
— $1,948,000.
charges and the dividends paid of $1,787,192, which would thus provide nearly the whole of the
But this doe«
extra amount that will be called for.
not show the full nature of the favorable results for
the year. In the first place the surplus of $1,787,192
above
all
company does not lose its
lightly
being
distinction
capitalized on a mileage remains after a deduction of $1,200,000 for amount
basis.
transferred to the fund for Permanent Improvements
A statement in the report shows that the mileage of and Renewals, and also a deduction of $600,000 for the
main track covered by the company's capitalization is construction of the Cascade Tunnel, or $1,800,000 toBesides the $90,000,000 stock there are gether.
5,259 miles.
Both these are in the nature of exceptional
bonds outstanding in the hands of the public to items, and of course there is no obligation to continue
amount of $97,202,454, making altogether $187,202,- them another year. If they were eliminated the sur454 of stock and bonds. Bat on the 5,259 miles of plus for the late twelve months would stand at $3,road this is an average of only $35,597 per mile. 587,192 instead of only $1,787,19,2. As a matter of
tensive mileage; thus the
of
THE CHRONICLE.
932
fact, neither the
[Vol. LXIX.
one figure nor the other reveals the thus
real extent of the
available
surplus for the twelve
months.
The income account which we are discussing is not
the income account of the combined companies, but
-^only the account of the Great Northern by itself.
It covers the operations of the Manitoba leased
lines and the Seattle & Montana, but not the operations of the proprietary roads or the other companies
controlled by the Great Northern in these last two
cases the account embraces merely the amounts received by the Great Northern on its holdings of stock in
these companiep.
If the companies referred to distributed in each case the whole of the year's surplus,
the final result would be the same as if the operations
of those companies were actually embraced in the
accounts.
As it happens, these companies have di-
also came out of earnings.
Several pages of the
report are devoted to showing the work done in these
various ways, and the list is an interesting as well as
vided only a part of their surplus. We figure that
they had available $4,114,214, of which $2,000,000
was paid to the Great Northern in the shape of dividends and $1,328,800 was required for fixed charges,
leaving 1785,414 more which could have been distributed if desired, not counting the Spokane Falls &
Northern Railway, which was not taken into the system until July 1 1899 all of which goes to show that
an extended one. Mr. Hill notes that the company is
not carrying on its books as an asset the cost of any
additions and improvements.
We have stated that the freight traffic in the late
year increased two million tons; only 480,000 tons of
this came from the wheat traffic.
In the tonnage
other than wheat the augmentation was 1,433,000
tons, a large portion of this being short-haul merchandise, due to the general improved conditions in
the country served by the company. With the opening of the new line between Fosston and Duluth, affording a very direct route to the head of the great
Lakes, rates were reduced on an average 1*3 cents per
bushel, meaning a saving to the farmers of $875,000
on the year's shipments.
There was a marked growth in the passenger business as well as in the freight traffic, and a decided increase in the allowance for the transportation of the
U. S. mails. Mr. Hill points out that there is probably no better illustration of the growth of the
Western country than the increase in mail earnings.
The U. S. Post Office Department pays for the trans-
the Great Northern
portation of mails upon the basis of the weight carried,
—
—
under Mr.
Hill's
is
a wonderful property, yielding
spiendid
management marvelous
as
ascertained by an
The
four years.
results.
The
year under review was marked by progress in
every direction, affording especially added proof of the
skill used in operating the property each year with
The augmentation
increased economy.
in the
official
weighing once every
mails carried west of the Mmnesota-
North Dakota State line were weighed during the
spring of 1898, and compensation on basis of weights
then ascertained began to accrue from July 1 1898.
num- Therefore
practically the entire increase of $22ti,088,
ber of tons of freight handled was over two million or 51 per cent in mail earnings, came from the inIn the crease in mail matter carried to and from the Pacific
tons (2,010,876 tons), being 21*60 per cent.
was
11 "37 Coast.
Furthermore, owing to the fact that as the
tonnage movement one mile the increase
per cent, but this additional traffic was transported weight of mail increases the rate of pay per paund
with an expansion of only 4*84 per cent in the freight
train mileage.
In short, the company has made another new record in its train-load, which in the late
year (counting only revenue freight) averaged over
386 tons; the increase as compared with the previous
year being nearly 20 tons. The record is such an excellent one that it is only necessary to say, to show its
noteworthy character, that for the same twelve
months (to take but a few prominent roads) the trainload of the Northern Pacific, which of late years has
made noteworthy strides in this direction, was 277
tons, while it exceeds even New York Central's rather
striking achievement of an average of 322 tons for the
same period of twelve months. Nor does it run fa r
behind the record of the Lake Shore & Michigan Southern, which for the calendar year 1898 had an average
decreases, the weight actually transported
its
more than it was four years ago.
The recent new stock issues have placed the company in the possession of an abundance of cash; lor
June 30 1899 the current assets stand $13,867,706, of
which over 9^ million dollars was actual cash. Current
and deferred liabilities at the same date aggregated
on ly $6,221,958. The announcement is made that the\
per
freight-train
mile,
raising
means further valuable "rights"
holders from time to time.
ously
to the share-
COTTON CROP— THE MANCHESTER MARKET
FOR COTTON GOODS, ETC*
Manchester, October
21st, 1899.
average to $3 13 per mile, notwithstanding another
slight decrease in the rate realized per ton per
Twelve days ago I received from Calcutta the Annual
Review for 1898 9 of the outward and inward trade of
mile.
India, prepared by the Director-General of Statistics.
considerable proportion of the figures dealt with in
Great Northern has long been noted for its low operating cost. The report tells us that operating expenses
have been charged in full for all replacements and
renewals, and furthermore that $833,228 has been
included in expenses for extraordinary improvements,
Moreover, $984,391 spent for ''Additions and
etc.
Improvements" has been charged against the "Fund
for
Permanent
Improvements and llenewals," and
A
paper have already been published, and its
interest lies chiefly in the explanatory text and in the
re- arrangement and expansion for comparative purthis official
Perposes of the statistics previously made known.
important
feature
is
the
and
haps the most striking
statement of the aggregate imports and exports of the
Dependency, and the excess of exports in each of the
The Indian official year ends on
last ten years.
March 1st, and the amounts are given in tens of
•X-
Communioated by our Special Correspondent
,
\
THE TRADE OF INDIA— THE AMERICAN
the
Exclusive of taxes, the system's lines were operated
for only 48*62 per cent of the gross earnings, this
comparing with 48-08 per cent for 1897-8. But the
\
capital required for future extensions or purchases of
new lines will be raised by the issue of additional
This obvistock allotted to the shareholders at par.
With the further addition to the
also further increased
Northern
the Great
earnings
probably
75 per cent
train-load of 355 tons.
train-load,
is
at Manchester.
November
THE CHRONICLE.
4, 1899.]
933
rupees (Rx.), each of which is equivalent to 13 20,
Gold—
In the following table the im- 1889 90
or 133. 4d. English.
ports and exports include merchandise, gold and sil- 1890-91
l'i91-92
ver, but they do not embrace the imports and exports
In order, however, to show
the eJEfect of these special transactions upon the balance of trade, the excess of exports is stated first as
resulting from purely private trade and then as modi-
on Government account.
fied
by the transactions of the Government.
INDIAK IMPORTS Ain) EXPOHTS (OOOS OMITTED).
—Excess of Exports.^.
Imports.
Rx.
84,019
1889-90
1890-91
1891-92
1892-93
1893-94
1894-95
1895-96
1896-97
1897-98
1898-99
90,954
81,610
79.615
92,382
79,726
82.675
84,869
89.743
86,264
The average annual
Exports.
Rx.
105,238
102,207
111,179
113,465
110,472
116,973
118,495
108,840
104,671
120,192
Private.
Rx.
21,219
11,253
29,869
33,850
18,090
37,247
35,820
23,971
14,928
33,865
Gov. <t
Private.
Rx.
18,710
8,4U
27, '05
30,279
15,121
34,030
32,290
19,720
10,604
30,214
1892-93
1893-94
1694-95
1895 96
1896-97
1897-98
1898-99
Silver1889-90
1890-91
1891-92
1892-93
1893 94
1894-95
1895-96
1896-97
1897-98
1898-99
*
12,388,500
15,433,600
10,603,700
15,228,000
15,314,700
7,824,900
8,338,700
8,593,400
13,249,400
9,055,600
*
Exports.
Rx.
2V«<
imports.
Rx.
4,615,300
5.636,200
2,413,800
*2,812,70O
641,2«0'
•4.974,100
2,526.0C0
2,291,100 ^
4,908,50C
6,503,400
455,700
864,700
1,705,100
4,594,500
2,505,300
6,730.4 00
2,503,300
2,200,100
2,372,700
2,336,600
1.450,600
1,258,500
1,581,500
2,364,400
1.594,900
1,495,700
1,756.500
2,737,403
4,775,900
5,074,800
10,937,900''
14,175,100-
9,022,200
12,863,60<y
13,719,8001
6,329,200
6,582,200
5,856.000
8,473,500
3,S 80,800
Net exports.
The imports and exports
of gold are stated
basis of the rupee value in each year,
amount in
ance must be made
ing their
excess of exports, as presented
Imports.
Rx.
5,071,000
6,500,800
4,118,900
1,781,800
3,146,500
1,756,300
5,029,300
4,491,200
7,281,200
8,840,000
and
sterling or in dollars,
on the
in estimat-
due allow-
for the fluctuations in the gold
Rx. 22,671,400, equivalent to
value of the rupee, which fluctuations until the last
This sum represents,
£15,114,267, or $72,548,480.
two years were very great.
roughly, the payments made annually by India in disThe report states that of the Rx. 8,840,000 of goldcharge of external claims for interest on loans,
imported into India last year, rather more than Rx.
profits on investments of British or other capital in
3,000,000 was offered to and accepted by the Indiaiu
that country, for savings of European officials and
Treasury at the fixed rate of Is. 4d. per rupee, or 15
others remitted home, and for salaries and pensions
rupees for the sovereign. Most of the gold tendered
paid for account of the Indian Government by the
was in the form of English coin. At the end of
India Office in London. It is interesting to compare
August last the value of the gold, coined and unwith these figures the amount of the drafts on the
coined, held by the ladian Government, was equivaIndian Treasuries in each of these ten official years,
lent to £2,750,000.
This is the most recent official
made by the India Council in London, the average
statement tending to show how far India has made
rate at which they were drawn and the equivalent
progress in the direction of establishing a gold standamouot in rupees. These particulars are shown in
ard.
Interesting figures are added with reference tothe next tablethe production of gold in India in the year ended
AMOUNT OF COUNCIL DRAFTS AND RATE OF EXCHANGE.
March 31st last. The imports are given as Rx. 8,840,Average
OuO and the Indian production as Rx. 2,411,000, the
Exchange.
Pence.
S,
Rx.
whole supply being Rx. 11,251,000. From this sum
15,474,496
16,566
22,418,700
l?89-90
is deducted the exports
viz, Rx. 2,336,600 leaving,
18,089
H90-91
15,969,934
21,186,900
1891-92
16,093,854
16,773
23,082,800 a balance of Rx. 8,914,000 retained in India.
It thu&^
1892-93
16,532,215
14,984
26,478,400
appears that on balance the country gained about
1893-94
9,530,235
14,546
15,723,600
1894-95
16,905,102
13,100
30,969,900 the amount of the imports of gold, and that of this
1895-96
17,664,492
13,638
31,085,500 less than one-third
went into the Treasury in exchange
f 896-97
15,526,547
14,450
25,787,000
viz., £6,140,000
going into
1897-98
9,506,077
15,492
14,812,800 for rupees, the rest
1898-99
18,692,377
15,978
28,076,400 private hands or for conversion into ornaments. This
Annaal average
15,189,523
15,362
23,622,000 amount is much more than the average absorption ot
It is remarkable that the average sterling value of gold by India during the last ten years, due allowance
the drafts here shown £15,189,523 corresponds al- being made for native production, and it seems to
most exactly with the average annual excess of ex- prove that the inveterate habit of the Indian people
ports from India, indicated in the first table viz.. of hoarding gold is as strong as it has ever been in
That is, of course, merely a coinci. past times.
£15,114,267.
dence, for there are many important transactions
A glance at the second table is sufficient to show
carried on between India and the mother country that the demand for silver for hoarding purposes in
which do not appear in published records. Such are India has greatly diminished in recent years. The
the transfer to or from England of rupee bonds, or enormous increase in the net import of the white
other
Stock Exchange securities by means of metal in 1893-94, most of it having occurred after the
which capital or profits on investments are remitted mints were closed in June 1893, was due to special
one way or the other. Transfers of rupee bonds are circumstances. The closing of the mints gave rise to
regularly recorded and their amount is published, but rumors of scarcity of money among the natives and
no particulars are available of the transfers to or from for a considerable time bars of silver were extensively
India of share certificates in tea companies, cotton- used up-country in settlement of accounts. The demill companies or other joint-stock enterprises.
mand for these was very strong in Bombay, and sevin
the last column,
is
—
—
—
—
—
—
Not
tical
less
interesting,
purposes,
are
the
and more exact, for
particulars
of
houses in this city and in London made good
by exporting the white metal to India and
during sending it up-country in the form of bars. Indeed,
statis-
the Indian
eral
profits
imports and exports of gold and silver
the last ten years.
These are shown in the follow- there are reliable authorities who say that even now
ing tables.
in some parts of the Dependency silver bars play a
THE CHRONICLE.
934
[Vol. LXIX.
not unimportant part in the larger transactions of nized that the ladian cotton crop
local trade.
have taken some pains to ascertain the opinions
of English cotton spinners upon the conflicting
reports and estimates of the American cotton crop
which have been flying about recently. Generally
they are more than a little disposed to give weight to
the largest crop estimate that has been put out.
I
They
say that for a
number
greatly deficient this season; that the lodian staple is
already relatively higher than American, and that
of years the figures of the
same parties have proved more correct than those
of any other authority.
Accordingly, when ten
days ago
—the
—
first
definite
forecast
of 11,000,000
minimum was
published in London, it was
at once accepted, and the numerous estimates of
smaller amount which have been received by mail and
wire during the last two or three weeks command lit-
bales as a
tle or
DO attention.
New York
One
enterprising cotton firm in
sent broadcast to English cotton spin-
ners by the mail distributed on the 9th instant a
large sheet, newspaper size, printed on both sides,
containing a portentous collection of telegrams received from all parts of the cotton-growing States,
giving most gloomy reports of the condition and
probable extent of the crop. This intelligence is
preceded by a circular dated Septmber28th, attributing
to the party referred to the creation of an impression
that the yield of this year will be very large, with the
effect that a rise of prices, justified by the real circumstances, has been prevented, and that numerous
consumers have been led to postpone necessary purchases of raw material '^for which they could have
contracted at prices considerably lower than those
now prevailing.'' The circular concludes by declining to give an exact estimate, but proceeding: "With
the present enormous rate of consumption, we feel
justified in predicting a very marked dimunition in
the supply available at the end of the current cotton
year, and probably much higher prices for the article."
Now, unfortunately for the influence of this
uminous intelligence, it falls upon minds already
vol-
pre-
disposed to regard
it with suspicion, because of the
strong speculative effort which has been going on for
several weeks in the American markets.
Eng
have been practically unmoved by it all
through, and so far as I can judge, the gratuitous
and wholesale circulation by post of what has been
described as a ''sensational'" sheet has tended rather
to confirm their indifference than to weaken it.
And
when, two days later, the first definite estimate,
of 11,000,000 bales at least, was received, they were
inclined to think that their attitude towards the
speculation and the alarms on which it was founded
had been quite correct. There is, indeed, a widelyprevailing conviction that, apart from the crop question and the large and increasing balances of supply
which have been carried forward at the close of each
of the last two seasons, other considerations forbid
the expectation that very low prices are likely to be
seen for some considerable time to come. The con
sumption, they say, is large and increasing, too;
trade generally, especially in the United States and
in Europe, is much better than it was a year ago, and
barring unforeseen troubles, it is likely to continue
good perhaps for a long time. Confidence, which
always counts for much in sustaining prices, is strong,
and money save for the present spasm is abundant.
Prices of commodities generally, moreover, are stead
ily moving upward, and there is no reason why cotton should not move with them.
It is further recog-
lish spinners
—
—
1
will certainly be
although the spinning mills of Bombay and up-country
cannot use the latter as a substitute, those of Japan
and the Continent will make good their necessarily
reduced supply of Indian by taking appreciably more
of American. All these considerations, it is admitted,
make for the maintenance of prices of raw cotton.
But so far, English spinners have resolutely declined
to support a speculative movement based on stories of
grave disaster to the American crop. All of these
have fallen upon incredulous, or at least doubtful,
minds.
Moreover, the immediate outlook in the Manchester
market for cotton goods and yarns is by no means so
encouraging as it has been for some months past. In
several large distributing channels India for example prices have not yet advanced in proportion to
the rise in Manchester.
In the English home trade,
which takes off about one -fifth of the whole consumption of raw cotton in the United Kingdom, the response to the advance has been fairly satisfactory.
So, also, it has been in some of the colonial and a few
foreign markets, and in a less marked degree in
China, but most frequently the Central and South
—
—
American outlets and those of the Levant have lagged
behind, and merchants trading with them are enabled to continue their exports on a full scale mainly
by the fact that since the beginning of this year they
have adopted the practice of entering into extensive
contracts for goods in anticipation of future requirements. These were bought at prices averaging considerably below present prices, and although fcr particular descriptions for which the demand in relation
supply has been exceptionally good, the
to the
buyers pay current rates, they by no means readily
concede them in other cases, nor for large quantities.
India merchants here have this year led the way in
For a long time previously they
anticipatory buying.
were accustomed to purchase mainly upon actudl
orders from native dealers.
But this year they have
entered into extensive contracts for forward delivery
at their own risk, and large quantities of goods so
bought are not yet disposed of in India. Still, on the
whole, there can be no doubt that Lancashire cotton
manufacturers still hold enormous forward engagements, and in particular, though quite exceptional, instances the production is sold as far forward as to
the middle of next year and even beyond that period.
At the present moment, however, the rapid rise in
the rate of interest, the outbreak of war in South
Africa, and the comparatively high prices of yarns
and goods are imposing caution in all departments of
the Manchester market. That is another reason for
the unwillingness of spinners to take part in any
movement looking to a distinctly higher range of
i
prices for cotton.
At the recent meeting of the Association of British
Chambers of Commerce, held in Belfast, the subject
which gave rise to the keenest and most excited discussion was that of the Continental sugar bounties and
countervailing duties upon bounty fed sugar. A
motion was brought forward by the delegates of the
Bristol and Creenock Chambers, both of which largely
represent the British sugar refiners, condemning the
bounties as being antagonistic to Free Trade, and
recommending the Government
to take part in a con-
I
November
THE CHRONICLE.
4, 1899.J
vention proposed by Austria, Germany and other Powers, one clause of which should prohibit the importation into their respective countries of bounty-fed
The proposal
sugar.
is
aimed at France, which
is
reader
935
enabled at a glance to see the changes in
each item, both for Great Britain and the Continent,
is
for the last three years.
sup-
posed to be the great obstacle to the abolition of
bounties.
The opposition to the motion was vigorously led by the Manchester delegates, who held that
it is a cardinal principle of Free Trade that the buyer
has the right to have access to the cheapest market,
whether the cheapness be the result of natural advantage, or acqu'red skill on the part of the producer,
or the artificial aid of governments, a'id that the consistent adoption of a countervailing policy would lead
to endless and most serious political difficulties with
foreign countries and with British colonies with
Canada for example, which gives State aid to the production and export of Canadian dairy products.
Eventually the motion for opposing the bounties by
governmental action was defeated by a majority of 51
Bales O/500
lbs.
each.
1898-99.
—
1896 97.
1897-98.
Great Beitauj
Stock Oct. 1 (beginning of year)
56,000
Deliveries during year
3,526 000
I
31,000
3 457,000
24.000
8,231,000
[
Total supply for year
3.5''2.000
Total consumption for year, 3,519,000
'
3,488,000
3.432,000
3,355,000
3,224,000
56.000
31,000
183,000
4,8-6,000
204,000
4,347,000
5.069,000
4,628,000
4.551,000
4,368,000
441,000
183,000
!
i
Stock Oct.
(end of year)
1
Continent
Stock Oct.
i
—
(beginning of year)
1
Deliveries during year
—
63,000
I
441,000
4,868,000
'
Total supply for year
5.309.000
Consumption during year...' 4,836,000
I
i
Stock Oct.
The
(end of year)
1
totals for the
473,000
whole of Europe for the three
years are as follows (in bales of 500 lbs.).
votes to 29.
&t.
COTTON CONSUMPTION OF EUROPE AND
THE WORLD.
The
contained in Mr. Ellison's ''Annual Review of
the Cotton Trade/" which was issued in Liverpool
November 1. First we give the takings by European
spinners in actual bales and pounds for the past season in comparison with the figures for 1897-98 and
Stock Oct.
1
Great Britain
1.
Continent.
Total.
Por 1898-99.
Takings hy spinners... bales
Average weight of bales
Takings in pounds
lbs
3,437,000
4,998. OOr
513
487
According to the above the takings of spinners in
Great Britain, stated in ordinary bales, have increased 7,000 bales, but on the Continent the takings
have been 8 000 bales below 1897-98. Consequently
for tne whole of Europe the total in bales falls one
thousand behind the previous year, but on account of
the greater average weight the aggregate in pounds
exhibits an excess of fully 25^ million pounds.
7,806.000
497,000
314,000
536,000
;
also gives the average
7,."92,000
weekly consump-
1897-98.
1898-99.
67,673
93,000
66,000
89.000
Total
160.673
155.000
According to
Takings by spinners . . .bale*
3,251,00(
4.547,00(
7,798 000
Average weight of bales .lbs
497
486-1
478
Takings in poan<ls
1,615,623,000 2,173,626,00C 3,789.249,000
8,557,000
8,060,000
Continent
For 1897-98.
For 1896-97.
8.891.000
8.355,000
I
Great Britain
8,435.000
497-6
1,753,263,000 2,434,011,000 4,197,274,000
Takings by spinners... bales
3,430,00C
5,006,00:^
8.436,000
Average weight of bales.lbs
504
494'5
488
Taking* In pounds
1,728 680 000 2.443,093,000 14,171,773,000
238,000
7,518,000
I
Consumption per Week.
October
214,000
8,343,000
tion (in bales of 500 lbs.) as below.
1896-97.
lo
1896-97.
497,000
18,394,000
I
(end of year)
Our cable
1897-9«.
'
Total supply
Total consumption
tistics
October 1
1898 99.
Stock Oct. 1
Deliveries during year
us this week the principal sta-
cable brings
Britain and Continent.
this last table the rate of
''
1896-97.
62,000
84,000
146,f
00
consumption
has risen perceptibly the past season after a very
material gain in the previous year, although the
noticeable increase has been on the Continent.
It is
understood, of course, that these figures of takings
and consumption of cotton relate solely to Great
Britain and the Continent.
To arrive at an idea of
the world's consumption, the corresponding statistics
for
the United States,
must be added.
India and other countries
For the United States the results
were fully set forth in our Annual Crop Report
issued in September, and they indicated a decided
augmentation in consumption during the season of
1898-99.
The
returns for India
now
at
hand likewise
denote a considerable expansion in the cotton-manuCompared with 1897-98 there is in all cases a material facturing industry. For Japan, etc., we have as yet
gain.
The bales given in the above table are, as al- no later information than that upon which the estiready stated, of ordinary weights: the average weights mate given in our crop report was based. Bringing
of the various growths contained in the foregoing for together the results for Europe, India and the United
1898-99, as cabled to us, are as follows: American, States, and adding the total for Japan, Canada, etc.,.
491 lbs.; Egyptian, 737 lbs.; East Indian, 400 lbs.; we practically cover the world at least that part of
—
Brazilian, 224 lbs.;
Smyrna, 385
lbs.,
and West
In-
it
from which any
reliable data
is
obtainable.
Below
In 1897-98 the weights were: we give these returns combined for nine consecutive
American, 483 lbs Egyptian, 734 lbs.; East Indian, years, all bales being reduced to the uniform weight
400 lbs.; Brazilian, 237 lbs.; Smyrna, 385 lbs. and of 500 lbs.
World's
All
Great
West Indian, etc., 189 lbs.
GonVniUa
Total.
Consumption.
Itidia. Oth'rs.
States.
Britaitt.
tiwnt.
Though the figures of takings serve fairly well to 1890-91
924,000 150,000 10,456.000
3.384,000 3,631,000 2.367.000
3 181 000 3.610.000 2 576 000
914 000 160,000 10.471,000
give one an idea of the season's results, the relation 1891-92
dian,
etc.,
328
lbs.
;
existing between different years
is
better presented by
bringing together in tabular form not only the tak-
1892-93
1893-94
1894-95
1895-96
189«-97
1897-98
1898-99
918,000 220,000 10,247,000
959,000 250,000 10.554.000
3,250,000 4,030,001 2,743.000 1,074,000 300,000 11.397.000
3,276.0^0 4,100.000 2,572.000 1,105,000 419.000 11,5.32,000
3.224,000 4.368,000 2.738.000 1,001,000 488.000 11.822.000
3,432,000 4,628.000 2,962,000 1.141,000 713.000 12,876,000
3,519,000 4.836,000 3,553,000 1,297,000 727,000 13,932,000
2.866,000
3.692.000
2,551,000
3,233,000
3,818,000
2,264,000
....
but consumption and stocks, all reduced to
bales of uniform size.
This we have done in the accompanying statement, which covers the items referred
The above compilation shows that the world's into expressed in bales of 500 lbs.
By this method the crease in consumption in 1898 99 reached 1,056,000
ings,
..
THE CHKONICLK
936
[Vol. LXIX.
which nearly 600,000 bales large creditors pressed their claims, a run on the bank folComparing the lowed, and it failed.
(591,000) was in the United States.
—The Union Bank of Rochester, N. Y., a State institution
first year (1890-91) with the last (1898-99) we find a
bales of 500 lbs. each, of
gain of fully one-third.
Our
cable
that Mr. Ellison estimates
states
also
Europe and the
amounts shipped from
United
that
(including
States
with a capital of $200,000 and a surplus of $3,806, will go
into liquidation, this course having been decided upon by the
directors October 21. The Vice-President, Gilman N. Per-
ago the
of the bank was merged with the Union Trust Co.
ada, etc.) will in 1899-1900 require for consumption of Rochester, capital ^200,000 and surplus $37,133, and it was
11,758,000 bales of 497*5 lbs. average weight, making agreed that the bank was to be oontinuad in existence until
have
11,700,000 bales of 500 lbs. each, against 12,343,000 its depositors were paid off. Nearly all the depositors
now been settled with and therefore it hag been decided to
bales of 494*2 lbs. average weight, equaling 12,200,wind up the bank. Depositors have been notified that cash
000 bales of 500 lbs. each in 1898-99. The estimate has been deposited at the Central Bank of Rochester sufficient
of requirements in detail is as follows:
to meet outstanding certificates of deposit, which the depositor can have cashed, or he can transfer his account to the
Actual.
Estimated.
Acttial.
Central Bank. This is also a State institution and, it may
1899-1900.
1898-99.
1897-98.
be noted, has a capital of $200,000 and a surplus of $97,440,
this
Bales.
Bates.
American
East Indian
Egyptian
8 undries
Total ordinary bales
Average weight
Bales. 500 lbs
kins, in explanation of this course, says that a year
country to Japan, Can- business
Bates.
10,232,000 10,677,000
500,000
800,000
826,000
743,000
200,000
123,000
9,926,000
641,000
826,000
148,C00
11,758,000 12,343,000
497-5
494-2
11,700,000 12,200,000
11,541,000
491-3
11,339,000
Mr. Ellison's estimate of the number of spindles in
Europe, America and India during 1899 has also been
received, and we give it below, adding for purposes
of comparison the figures for previous years.
—October
28
Group
New York
8 of the
State Bankers'
when about
one hundred members, representing eighty New York City
banks, were present. A notable social feature was the entertainment of Sir Thomas Lipton. A. B. Hepburn, Vice President of the Chase National Bank, presided at the business
meeting which preceded the entertainment. The officers
Warner Van Norden,
elected for the ensuing year were
President of the National.Bank of North America, Chairman, and Henry P. Davidson, Cashier of the Liberty National Bank, Secretary-Treasurer. The Executive Committee consists of Damont Clarke, President of the American
Exchange National Bank W. H. Gelshenen, President of
the Garfield National Bank W. H. Porter, Vice-President of
the Chemical National Bank Gilson S. Whitson, Cashier of
the National City Bank, and Edwin S. Schenck, President
of the Hamilton Bank.
Association held
its
annual meeting in this
city,
:
;
Spindles.
1899.
Great Britain
Continent
United States
East Indies
45.400,000
32,500,000
17.938.000
4,200,000
1897.
1898.
44,900,000
31,350.000
17,570,000
4,100,000
1896.
44,900,000
30,320,000
17,356.000
4,000,000
44,900,000
29,350,000
16,811,000
3,933,000
;
;
—Julian W. Robbins, of the well-known banking firm of
George Leask & Co., 35 Wall Street, returned this week from
This shows an increase in the spinning power of the his annual vacation, the greater part of which was spent in
world of 2,118,000 spindles, in which excess all the England.
countries share.
The Indiana Bankers" Association began if s annual sesTotal
100038,000
97,920,000
96,576,000
94,994,000
—
C. T. Lindsey, the
President, in his address congratulated the Association upon
its growth, stating that there were now nearly two hundred
bankers of the State enrolled as members, 50 per cent of the
sion at Indianapolis, Ind., October 25.
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S.
— The sales of bank
week reach a total of 722
and include transactions in the stocks
of fifteen different institutions. The sales of trust company
stocks aggregate 277 shares, 110 shares of which were of
Brooklyn companies, and all were auction sales. The first
public sale of stock of the Morton Trust Company was made
on Wednesday, when 20 shares were sold at 450.
Shares. Banks— A'"ci» Torfe.
Price.
Last previotis sale
stocks this
shares, all at auction,
250 Broadway Bank, Nat
'99- 25OI4
'99— 90
'99— 310
July '99— 146''8
Oct. '99-2025
Aug. '99— 755
128%-130i4 Oct. '99— 124%
250-25038
19 Butchers' & Drovers' Bank, Nat...
U7
12 Chatham National Bank
312
150i2
150 Citizens' Bank. National
24 City Bank. National
2015-2021
12 Hanover National Bank
737
50 Hide & Leather Nat. Bank
10 Liberty National Bank
5
Manhattan
Co.,
Bauk
of the
100 Mechanics' National Bank
40 Nassau Bank
30 Oriental Bank
10 Park Bank, National
3 Republic, National Bank of the
7 Western National Bank
Trust Companies—JVew Yorle.
60 Anaerlca, Trust Co. of
50 Bankers' Trust Co
5 International Banking & Trust
10 Manhattan Trust Co
20 Morton Trust Co
5 Produce Exchange Trust Co
17 Union Trust Co
Tkcst CoiiPAVits—Brooldyn.
50 Manufacturers' Trust Co
10 Nassau Trust Co
50 Williamsburg Trust Co
— Last week we
32512
270
205
XI7014
197^
500
215
360
234
229i8
161
350
450
194
1425-1435
Oct.
Oct.
Oct.
No8alein'98or'9i)
Oct. '99- 26838
Oct.
Jan.
representatives in the Association.
The Executive Council of the Association acted favorably
upon a resoluticn urging upon Congress to enact suck a
measure as will unify and fortify the currency and make flje
credit of the United States the best in the world for all timV.
It was further desired that Congress should enact measures
of relief to banks organized under Federal statutes by reducing the tax on circulation at least one-half by permit;
ting the issue of circulating notes to the par value of the
bonds deposited for circulation by permitting the organiza;
banks with a capital of $25,000 in towns hav'99— 205^
'99— 161 1^ ing 1,000 or less of population, and by granting to national
'99—
'99May '99—
Oct. '99-
Oct.
Sept.
'99—
'99'99—
Nosalein '98
Oct.
Oct.
Oct.
now represented, and he believed that
within another year 80 or 90 per cent of the banks will have
banks in Indiana were
1921^
501
195
350
236%
230
160
or'99
First sale.
Oct. '99— 200
Apr. '99—1409
326>3
18H
Dec. '98- 256J4
Oct. '98— 165»3
200
Aug. '99— 227
tion of national
banks, excepting in central reserve or other reserve cities,
permission to invest 50 per cent of their capital and surplus
in first mortgages on real estate that may run not longer
than five years. These resolutions were adopted by the Convention, with the exception of the resolution in favor of
granting to national banks permission to invest 50 per cent
of their capital and surplus in first mortgages on real estate.
This resolution was not adopted by the Convention.
An aidress was delivered by William C. Cornwell of Buffalo on " Banker's Duty as an Educator." He illustrated his
theme by reference to the work of the Indianapolis Monetary
Commission in 1897, the report of which commission stands
to-day as the most noteworthy work on our financial problems ever produced in this country.
The business of the Association was concluded on the 26th,
when the following officers were elected for the ensuing year:
D. A. Coulter of Frankfort, President Hugh Dougherty of
Bluffton, Vice-President
James E. Evans of Crawfordsville, Treasurer, and C. T. Lindsey, John P. Frenzel, W. H.
Gardner, S. A. Morrison and Thomas B. Millikan, members
of the Executive Council for three years. Mr. Orlando M.
announced in this column the death of
Benjamin D. Sayre, who, on October 22, was elected President of the Kentucky Bankers' Association. He was also
President of the private banking house at Lexington, Ky., of
D. A. Sayre & Co., capital $37,0C0 and deposits of about
$145,000, a concern organized by David A. Sayre, an uncle of
the deceased, in 1830, and one of the oldest institutions in the
West. This house suspended October 27, partly because of
heavy losses about eighteen months ago, but mainly in consequence of the death of Mr. Bee,j amin D. Sayre. While he lived
the creditora had confidence in his ability and his williogness
with his fortune to sustain the bank, but after his death Packard was elected
;
;
Secretarj-.
November
4,
THE CHRONICLK
1899.]
Clearings by Telegraph.— Sales of Stocks, Bonds, &c.—
The subjoined table, covering clearings for the current week,
usually appears on the first page of the Chronicle, but on
account of the length of the other tables is crowded out
once a month. The figures are received by lelegraph from
the leading cities. It will be observed that as compared with
the corresponding week of 189 S there is an increase in the
aggregate of 32'0 per cent. So far as the individual cities are
concerned, New York exhibits an increase of 46'8 per cent,
and the gains at other points are: Boston 6 5 per cent,
Philadelphia 31-7 per cent and Chicago 12 6 per cent. Baltimore records a loss of 3-0 per cent, St. Louis 3'7 per cent and
New Orleans 2 8 per cent.
The course of bank clearings at leading cities of the country
month of October and since January 1 in each of
the last four years is shown in the subjoined statement.
for the
BANK CL£A&IN08 AT LEADINO
October.
(000.000«
York...
Boston
Chloago
Philadelphia
8t. Louis
Pittsburg.. .
Baltimore...
San pTan'oo.
Kansas
4.
New
CljEA'RTN'n^
Ritums by
New York
$1,444,413,333
217,314,489
$1,073,667,819
176,417,968
+34-5
+23-2
$1,661,757,802
310,498,653
$1,250,085,187
243,635,310
+38-9
$1,973,256,155
$1,493,710,497
+320
Louis
New Orleans
all cities,
Total
1
5 days
day
cities for
all
week
+46-8
+6-5
+31-7
132,759,069
81,896,865
17,929,975
115,135,831
26,661,090
6,963,244
St.
Seven cities, 5 days
Other cities, 5 days
P. Cent.
$731,272,025
124,701,935
62,145,908
18,479,922
102,213,195
27,691,291
7,162,545
Philadelphia
Baltimore
Chicago
All cities,
1898.
fl, 06^,127,209
Boston
Total
Cit.v
Orleans
Louisville...
1899.
Telegraph.
Minneapolis.
Cleveland...
Detroit
Providence..
Milwaukee..
— 3*0 Omaha
Bnflalo
+12-6
3'7
2*8
+•27-4
Columbus...
Paul
Hartford
Denver
St.
CITIES
Jan. 1
to Oct. 31.
1899.
1898.
1897.
1896.
5,257
3,534
3.336
611
597
407
149
171
86
96
68
468
489
291
132
476
441
305
123
74
2,614 50,461 33,342
503 5,862 4,331
379 5,413 4.454
273 3,980 2,9e0
96 1,345 1,175
62 1,273
f05
7.t8
62 1,022
63
788
667
48
612
537
1899
1898.
$
71
43
37
65
51
36
35
27
29
25
24
26
11
19
81
89
76
57
60
31
54
34
20
27
23
33
20
18
26
10
15
71
74
55
50
33
28
54
29
28
27
26
26
20
15
24
11
11
46
42
24
53
24
25
26
20
17
19
14
23
10
9
528
353
338
422
427
343
274
234
243
206
215
192
114
142
479
337
285
354
318
285
216
214
257
175
171
171
104
123
.
1897. 1896.
*
#
26,707 23,528
4,180 3,652
3,640 3,662
2,610 2,634
948
1,110
677
647
605
513
442
311
263
305
257
244
221
199
196
163
150
151
104
103
629
595
559
484
411
369
235
309
250
249
212
193
178
182
145
188
101
101
Total
7,971 5.628 5,347 4,352 74,787 52.519 43,803 39,814
Other cities..
352
255 2,937 2,569 2.175 2,180
307
278
Total
all...
OntsideN.Y.
Another table, our usual monthly detailed statement of
transactions on the various New York Exchanges, has also
been crowded off of the first page. The results for the ten
months of the current year are, however, given below, and
for purposes of comparison the figures for the corresponding period of 1898 are also presented.
—
omitted, i
Sew
OlnotDnatl...
Week Ending November
937
8,323
3,066
5,935
2.401
5,625
2,289
4,607 77,724 55 087 4 5,978 41,994
1,993 27.263 21,745 19,261 18,466
ptottetargg®omtucrcialgufllisli^i^xos
IFiom oar own oorreapondent.J
London, Saturday, October, 21, 1899.
Business on the Stock Exchange is restricted, but quotations are well maintained, and in the South African department there has beeu some advance in prices. The army
Ten Months, 1899.
Ten Months, 1898.
corps is just now embarked. In about three weeks it will be
landed in S^uth Africa, and in a few weeks more it will
OMcriptfon.
Par Value
Actual
Average Par Value
Actual
Aver'Qi
or Quantity
Value.
Price. or Quantity
Valiie,
Price.
reach the scene of operations. Then the British force will be
so superior to the Boers, both in numbers and armament,
115,677,198
8tock|Sh^^;
80-6
114108211425 11.378083131
18279^775 (6363510205 76-7
that
unless there is some great blunder, the struggle ought
BR. bonds.. 1782. al 9,900 1623,146,853 85-1
«e57,219,010 $517,616.90S 78-8
Gov't bonds
not ta be very long. The public at home, therefore, is con$8,271,020
Ii<,3i0.3a4 112-9
$19.32('.880
t21,192.'<72 109-7
State bonds
$1,881,300
11,306,588 72-5
$2,623,200
$1,090,262 43-3
vinced that nothing seriously affecting the value of the mines
Bank stocks
$326,9£0
$752,4b8 2301
1167.800
1366.613 233-3
will happen; that very soon peace will be restored; and in
Total ... I148609I 65? 5 12.007689344 809
tSP58963116 $6.893776650 769
consfquerce there has been a fair amount of buying this
Grain, bush.
713,290,4801 517.834.298 725^c. 864.285,607
821,076,915 95c.
week and for some weeks past. The buying will probably
Total valu«.
112.52552^642
$7,714862465
go on, unless the money market should become stringent
The volume of transactions in share properties on the New or something entirely unforeseen should happen.
In other departments quotations are well maintained, but
York Stock Exchange each month since Jan. 1 in 1899 and
not very much is doing. There is some investment in the
1898 is indicated in the following
American market and there is a fair amount of speculation;
SALB8 OF STOCKS AT NEW TORK STOCK EXCHANGE.
but still, owing to fears as to the course of the money market, business is restricted just as it is everywhere else. There
1899.
1898.
is some apprehension that the war with the Transvaal may
FolUM.
Month. dumber
Values.
give a check to trade. About 40,000 or 50,000 men are being
Nttmber
withdrawn from employment for the army and the militia,
of Shares.
of Shares
Par.
Actual.
Par.
Actual.
and as everybody who is able and willing to work is already employed, it is feared that this may have a bad
24,251.983 2,360,845,650 1,6]9,5S0,833 9.290.391
Jat
fil2.554.675
641.911.009
efi<ect upon business; but it is to be recollected that the Govrei... 16.106,235 1,536,370,500 1,190,899,1021 8.960.824
873,528.400 658,208.221
Uirch. 17.742.390 1.705,438.450 1.375,26c .851 10.086.968 984.492,750 788,778.585 ernment is also calling up a very large number of horses;
that ccns-quently the wealthy class will have very much
Istqr 68.100.608 6,592,664,600 4.186.636.786 28.328,203 2.770.675,825 2.086.897.815
fewer horses for hunting and amusement generally: that
A.pril... 16,993.626 1.676.038.550 1.431.735,173 5.979.445
probably this will lead to the dismissal of many men em686,527.150
443.292,2.<i6
May.... 14.965.899 1.467.563.850 1,234.1 86,530[ 9.191,684
871.436,450
ployed in the stables, and that the men so dismissed will be
639,711.8o3
!
:
June... 10,903.793 1,068,513,050
927,951,406
9,173,064
873,680.150
635.445.535
I
2dqr. 42,863,318 4,209,116,450 3,594,676.109 24.344.182 2,311,649,750 1,718.449.664
mos.. 100953926 9,801.770.050 7,780.361,89f 52.672.386 6.082.225,675 3,806,347,469
July....
8.387,530
820.926.600
708,857,714 4.791,787
481.349.550
12.985.349 1.232,066.050 1.075,627.941 12,105,133 1,187.136.800
Sept.... 12,460,902 1.197,224,850
956,011.846 9.379.445
881,231,900
August
3d
360.661.640
923.778.344
713,179.839
qr. 33,823,781 3.250.217,500 2,740,527.500 26.276.365 2.529,717,650 1.997,619,823
9 mos. 13477T707 13.05168755
Oct
...110.899.489 1.056.226.876
The
folio sving
since Jan.
10.520889366 78.948.751 7.811.943.225 5,802.907,292
852.193.786
7.483,383
667,799.550
550,542,913
compilation covers the clearings by
months
1.
MONTHLY CLBAaiNOS.
Clearings, lotalAll.
Month.
18(9.
1898.
Clearintgs Outside
P.Ct.\
$
anuary
February
1
.
Uarch
1899.
New
York.
~
P. 01.
1898.
$
$
8.489,688.805
6.014,682.959 f41-l
2,708.939,026
2.324,700.235 +20*4
6.979.377.656
5,554,761.844 +25-6
2,428,738.424
2.038.604,) 34 If 19 1
8.724.331,846
5,646,481,624
+54
6
2,822.246,367
2.227.465.083
iBt qnar.. 24,193,397,806 17.215.229.329 +40-5
8,049.923.821'
8.580.669.452' +22-1
1
+26 7
April
8,279.665.487
4,976.371,011 + 66-4
2,702.763,636
May
8,323,831.315
5,339.906,899 +65-9
2,799,173.016
2,107,448,985 I-28-2
2,194.486,241 +27-6
June
7,488,185,914
6,603,259,257 +36-2
2.718.004.812
2.237.407.467 +21-5
2d quar... 34.101.682,716 15,819,540,167 +52-4
8.219.931,497
6.539,311,693 4 25*7
6 months. 48.296.080.522 33.034,769.496 +46'2 16.26w.955,317 13.130.011.145
July
7,110,994.105
6,020.491.625 +41'6
August
6,929,977.678
5.596.377.156 +23-8
2.690,837,992
2.5e8,83&.88i
7.067.862,793
6,600.:48,4e0 +23-6
September.
3d qnar...
months
October....
21.105.864'.57ri 16,117.617,241
+S0-6
+31 7
+23 3
2.667.816.415
2.08fl.7 59.799
+28
7.82 7.090,24
6,214.824.388 +27-6
•:i
69.4C 0.945,09!- 4P.162,386,737 +41-2 24,196.846.65^ 19.344,885,633
8,322.725.816
5,934.727.190 f40-2
+239
2.084.608,182
2.043.158,407
3.066.192.669
2,400,485.910
+251
-27
7
available for other purposes.
It is more likely that trade will be affected by the withdrawal of the large number of ships that have been chartered
by the Government for the conveyance of troops and material
of war to South Africa, by the rise in the price of coal and
by the stoppage of the export of gold from the Transvaal.
Upon the whole, however, the influence of the military operations upon trade eeems to be exaggerated; for it is to be
hoped now that the struggle will not last very long. In the
meanwhile trade continues wonderfully good. There is
nothing to show up to the present that the condition of
things in South Africa has checked its improvement. There
h no falling off in the foreign demand. Good rain has fallen
in those parts of New South Wales in which the drought
still continued.
Elsewhere in Australia the drought is completely at an end, and everything seems to show that we are
about to witness a very considerable improvement in that
country. In India, although rain is still badly wanted in
extensive districts, some rain has fallen, and the drought will
be notbing like as bad as it was three years ago. In South
Africa, of course, there is a stoppage in the demand for machinery and similar goods, but it is to be hoped that this will
be very temporary.
The money market continues wonderfully easy indeed, in
the opinion of the best informed, rates are entirely too low,
and bankers and bill-brokers are incurring some risk in
lending and discounting on the present terms. Possibly the
Bank of England is restrained from taking action to protect
its reserve because it knows that the Government will have
to borrow; but more likely the directors of the Bank argue
that. Government borrowing being imminent, rates will
rise without any action on their part.
In the meantime
gold is at last beginning to return from the interior. All
through the present year there has been a very remarkable
outflow of gold coin from London to the interior, and
especially to Scotland. It is noticeable in Scotland that £1
;
THE CHRONICLE
938
bank notes are less in use this year than they had been formerly, and that gold sovereigns are much more evident in the
circulation. Whatever may be the cause of this change, there
are signs that the demand for the interior is falling off,
over £300,000 in gold coin returning from the circulation
during the week ending Wednesday evening.
At the time of writing it is not known how much the
Government will have to borrow in the open market. It
needs to raise altogether 10 millions sterling, but probably it
will borrow a considerable portion of this from the savings
banks, and the opinion of the city is that the remaining portion will be raised from time to time by the issue of Treasury bills, running probably for about six months; that when
those bills fall due in the spring (when it may be hoped
money will be comparatively easy) there will be substituted
for the bills Exchfquer bonds bends, that is, bearing coupons and running for possibly a couple of years at a fixed
rate of interest.
In whatever form the borrowing takes place it will withdraw for the time being considerable amounts from the
open market, and will therefore tend to raise rates.
At
the same time the export of gold from South Africa being
stopped, about l^^ millions sterling per month will not reach
London: and on the other hand, the Grovernment will have
to send out large amounts to pay the troops and provide
them with everything necessary in the field. It looks, therefore, as if we are about to see very soon a considerable rise in
—
1899.
Aver.prloe wheat.week 278. 3d.
Average price, season. 258. 8d.
MeanwMIe
the German money market is comparatively
easy, and there are hope;' now that the Imperial Bank will
not have to further raise its rate of discount. The pecuniary
difficulties of the Russian Government are very serious, but
negotiations are going on for the raising of a Russian loan in
Paris of from 10 to 20 millions sterling.
In India the money market is getting tight. This week
the Bank of Bengal has raised its rate from 7 per cent to 8
per cent. The Bombay rate is 7 per cent. The stringency in
Bengal appears to be mainly due to the moving of grain
from Bengal and Burmah to the upper districts affected by
the drought. The India Council continues to sell its drafts
well.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
&c., compared with the last three years:
Olrcnlatlon
Public deposits
Other depoBits
Goverament securities
1899.
1898.
1897.
Oct. 18.
Oct. 19.
Oct. 20
£
£
other securities
Beserve or notes and coin
Coin &bullion, both depaftm'ts
28.185,180
7,665.604
44.064,513
15,685.990
3J.426.90a
21,519.630
32.904,820
Prop.reservetoUabtiities.p.ct.
41H
Bankrate
percent.
Consols, 2^ per cent
BUver;
Olearlnff-HoTise returns..
October
20.
t
&
Messrs. Pixley
October 19
Gold— The Bank
n,40H,«40
27,773,419
20.631,884
31,143.744
£
26,970620
486-16
519-16
5,334,369
45,806.726
14,6t)3.360
28,397,S61
25,919.558
86,009,178
Wheat
cirs..
This week.
1,675,000
Last week.
1,655.000
1898.
1,150.000
315,000
940.000
315,000
980.000
300,000
610.000
Floor, equal to qrs..
Maize
qrs..
1897.
1,695,000
270,000
360.000
Engllsli Financial Markets— Per Cable.
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Nov. 3.
London.
Jfon.
Sat.
Tues.
per oonoe
d. 2658
26iiie 26%
OoneolB.,new,2%p.ot8. 104^16 1047i8 104
For account
1045i« 104716 104
Pr'ch rentesdn Parl8)fr. 100-45 00-57 ig 00-4213
6II4
Spanish 4a
61 'e
61%
23 !«
2212
22%
A.tch. Top. & Santa Fe..
Silver,
Preferred
Baltimore & Ohio
Preferred
671a
5414
7514
98I3
Canadian Pacific
Chesapeake & Ohio
Ohio. Mil.
Den.
Do
Brie,
681a
55
75 '8
9858
281a
28
& St. Paul....
& Rio Gr. com
13058
131%
23
23
791a
1358
8OI4
39
39^8
do Preferred..
common
1st preferred
Central
1181a
& Nashville. 881a
Mo. Kan. & Tex., com.. 13
N. Y. Cent'l & Hudson.. 142
N. Y. Ontario & West'n 2658
Norfolk & West'n prefi 73 13
Northern Pacific, com.. 561a
Preferred
7769
Pennsylvania
68
&Read
11
*Phila.&Read., Istpref* 3118
•PMla.A Read.. 2dpref^ 16'78
.'
39!^
Southern Pacific
aouth'n Railway, com.
13%
Preferred..
.^
58»fl
4858
Union Paoiflo
Preferred
7958
Wabash, preferred
22%
•Phlla.
*
1338
I4II4
261a
57 14
5618
77%
6810
68
11
10%
3Ha
3II4
1634
3Hia
1358
5738
4814
74''8
75
9778
28I4
9558
2938
13034
2258
130%
22%
79
79
13%
1378
3914
11914
M
<<!
39
118%
eoiQ
131^
14213
2718
7414
5638
781a
6838
90
131a
1421a
i-l
<
26%
731a
5658
7838
68I4
1078
3112
I
>
<
C
c
3:
;
79 14
80
23
54%
54%
1
1
72%
78%
I414
591a
491a
I04l]« 104 18
100-40 lOO-cO
6238
631a
2313
23%
6838
68%
28
88%
17
261 116 26iSia
I03i!»i load's
7478
97ie
13
40
26%
!
90
I4214
2718
731a
Thurs.
67i«
119
FH.
Wed.
54%
I3OI4
2238
781a
1388
38I4
II8I4
13%
Louisville
1118
31%
17
17
4038
421a
14
14
5>-»8
583i
48%
4938
79%
7914
2214
1
23I2
23
Price per share.
—
Imports and Expoi ts for the Week. The following are
New \ork for the week ending for dry goods
Oct. 26 and for the week ending for general merchandise
also totals since beginning first wtek January.
Oct. 37
the imports at
;
FOREIGN IMPORTS.
H
*3
6
103 11-16
109J<
llijf
los
26ii-16d.
27 il-i6d.
27Vfia.
30^d.
I82.400,C0j
169,498,000
176.295,000
October
178. lOd.
248. lid.
1896.
27,610,016
7,813.421
36.316.2t8
14,058,726
26.2e8,029
21,145.654
31,865.669
49
4
318. lOd.
338. 7d.
6d.
4d.
Oct. 21.
£
87.311,860
7,295,897
34,724,352
1896.
1897.
1898.
268.
268.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
Illinois
rates.
*
[Vol. LXIX.
For week.
167.692,000
22.
1898.
1899.
Dry Goods
1896.
1897.
$1,693,108
8,535,707
Sl.411.453
7,886,802
$1,034,787
5,395,161
$1,290,659
7,067,300
810,228,815
$9,29?,255
$6,429,948
$8,357,959
»77,270,156 $106,293,629
276,962,261 303,577,652
*92,448,652
278,754.091
Gen'l mer'dise
Abell write as follows under date of
:
received £612,000, of which £290,000 waa
bar gild, £265,000 German coin and £52,000 French coin. Against
this £400,000 has been withdrawn tor South Alrica, £1 -5,000 for
South America and £250,000 for Ejrypt. For the week— Arrival.^
South Africa. £334,000 India, £63,000 Australia, £155,000 New
Zealand, £7,000. 8hipinentH-Oct. 13: Madras, £3,500; Bombay,
£8,000. For month of SeptPiiiber— Arrivals: Germany, £52.000; Belgium, £46,000; France, £94,000 South \merioa, £77,000 South
Africa. £1,212,000: Brazil, £21,000; India, £145,(00; Australia.
£777,000. Shipments: France, £115,000 South America, £33,000
South Africa, £1,405,003 United States, £273,000; Brazil, £210.000;
India, £57,000.
Silver— The market has been depressed by the news that an Indian
State is inviiing tenders for the sale of its silver currency, amounting
to £4.000,000. New York is not a large seller. Indian price 67%.
For the week— Arrivals: West Indies, £18,000; New York, £137,000.
Shipments— Oct. 13: Bombav, £2(0,000. For month of September—
Airivals: Geimany, £46,000: United States, £638,(jOO; South America, £82.000; Australia, £17,000. rthipments:
Russia, £198,000;
France, £4.'i,000 South Africa, £20,000; Weso Coast Africa, £13,000.
Mexican Dollars These coin are nominal.
lias
;
;
Total
Since Jan.X.
Dry Goods
Gen'l mer'dise
$85,748,274
338,750,457
Total 43 weeks $424,498,731 1354,212,417 $409,871,281 $371,202,743
;
;
;
;
;
The following is a statement of the exports (exclusive ^
from the port of New York to foreign ports for th^
week ending Oct. 30, aod from January 1 to date.
EXPORTS FROM NEW YORK FOR THE WEEK.
specie)
;
;
—
The quotations
for bullion are rejwrted as follows
Gold,
Oct.
London Standard.
s.
Bar
oz. 77
gold, fine
U. S. gol t coin...oz. 76
Germ'n gold coin. oz. 76
French gold ooin.oz. 76
Japanese yea
oz.
Oct.
76
a.
s.
77
51s 76
6I3 76
6»a 76
76
5
9
Silver.
Oct.
Oct.
London Standard.
19.
12.
1
12
1».
:
26 »4
6I3
6I3
5
27 14
1
110
5 grs. gold.oz. 47ie
do
do
grs. gold.oz. :0 tip 271-8
3 grs. gold.oz. 6% 2678
silver
oz 28'i|f 28i3ja
<4
Cake
Mexican
dollars. oz.
26%
27
The following shows the imports of cereal produce into the
United Kingdom during the first seven weeks of the new
season compared with previous seasons
189S.
1897.
1):
1899
Wheatimported, cwt. a.934.l'oO
Imports of flour
3,199,600
Bales of home-grown. 4,82?,S93
Total
16,957,593
$9,947,932,
1898.
1897
1896
7,964,0*00
7,45:^,000
7.617,5'30
2,571.730
4,361,812
2,023,300
4,825,882
2,797,910
4,034,745
14,897,542
14,302.182
14,450,185
$6,834,357
$6,691,863
385,561,968 309,364,461
Imports.
Gold.
Week.
Great Britain
France
Germany.
West Indies
Mexico
South America
$32,567
,
18,000
All other countries,
Total 1899....
Total 1898
Total 1897....
1896.
7,9b4,000
Tmportsofwheat.cwt. 8.934,100
7,453,000
7,617.530
4,544,800
Barley
2,406,500
3,281,315
3,^82,040
1,999,170
Oats
3,051,500
2,290,420
2,081.150
Peas
405,000
283,780
437,030
411,93^
23H,6C0
Beans
385,1.50
576,4-0
454.420
Indian Corn
7.821,100
6,547,600
8.023,500
9,597,^80
Flour
3,199,fc00
2,571,730
2,023,300
2,797,910
Supplies available for consumption (exclusive of stocks on
September
386,058,907
The following table shows the exports and imports of
specie at the port of New York for the week ending Oct. 28
and since January 1, 1899, and for the corresponding periods
in 1898 and 1897.
EXPOSTS AND IMPORTS OF SPECIE AT NEW YORK.
IMl'ORTB.
1899.
$10,316,745
371,154,405
1896.
1897.
Total 43 weeks $381,471,150 $396,006,839 8342.253,831|$316,198,818
d.
Bar silver, fine. ..oz. 658
513 Bar silver, contain'g
9
1898.
Exports.
d
d.
For the week.;
ETev. reported
1899.
Since Jan. 1
$9,025,000
7,397,580
3,2PO,000
5,635,708
36,060
486,552
130,246
$50,567 $25,961,146
273,582
8.843.744
30,624 29,745.546
Week.
$15,367
1.350
12,237
[Since Jan. 1.
$6,305,183
2,933,056
1,128,132
2,184,639
231,318
534,463
77,811
*28,954 $13,397,602
1,017,0^0 95,230,802
199.C29 13.215.530
Imports.
Exports.
Silver.
Week.
Great Britain
France
$657,005 $35,563,008
1,815,370
27,290
Germany
West Indies
Mexico
South America
&.11
other countries.
Total 1899.
Total 1898.
Total 1897.
SinceJan.l.
Week.
$12,t58
$399,599
8,468
10,H08
5,369
615,566
1,325,516
49,(546
879 006
13,400
52,994
2.S7,8(/0
580
'493
507,782
9,600
117,616
10.856
*68%368 $38,262,032
994.116 38,891,577
965.789 38,910,473
SinceJan.l.
$84,172
31,391
$3,288,358
2,064,122
70,668'
2.475,744
November
4,
THE CHRONICLE.
1899.]
Sevf York City Clearing Hense Banks.— statement of
condition for the week ending Oct. 28, based on average
of daily reenlts. We omit two civhera fOO ) in all casett.
Banks.
Capital Surpl'8
Bank of New York..
Manhattan Oo
Merchants'
Meohantos'
America ............
Pheniz
Ul Ly .-.*>-..•>>•«••••
Ohemloal
Merchants' Exoh'gt
Oallatln
Batchers' <b Drov'rs'
Mechanlcs'dt Trad's
ereenwlch
Leather Manolac'rs
Seventh..
State of New York,
menoan Exohangt
Oonuneroe
Broadway
Mercantile
Pacific
Bepnbllo...........
CQiatham
...
People's
Noixh America
Hanover
Irrtng
Oitixens'
Nassaa
Market A Fnlton..
Shoe <fe Leather....
Oom Exchange
Continental
Oriental
Importers' <& Trad'rr
Park
Bast River
Fourth
Central
Second
Ninth......
First
-..
...
N.Y.Nat'lExch'ge
Bowerv
New York Oonnty.
Serman American.
Avenae
Serman Exchange.
Fifth
ftermanla
Lincoln .,
Oarfleld
Fifth
Bank of the Metrop
WestSide
Seaboard
Western
First Nat. B'klyn..
Mat. Unloi Bank..
Liberty
N. Y. Prod. Exoh'ge
Bk.of N. Amsterdan
Astor
Loans.
Deposit*
Specie.' Legals.
$2,000,0 $1,931,8 PI3,541,0 f2.288,C $l.lf3,C $13,275.0
2,050,0 2,115,8 19,930,0 3,44 0,(
2,204.0 22.563,0
2,000,0 1,087,7
1.379,5 13.944.4
12.484.3 1,973.J'
2,000,0 2,118.3 lo.efoo 2,088.r
765,0 10.830.0
1,600,0 2.746.S 18.68«.9 3,898,2
1.489.7 21,0«6.0
4.122.0
173,0
1.000,0
243.1
4,423.0
78 3. f
3.269.8 103 039 a
1,000,0 4.818.6 82.825,3 22.941,6
2,088.^ 24.198,1
300,0 6.698,9 23,657,6 4.914.4
600,0
187.3
3740 4.f2I.6
4,476,2
878.8
628,6
6,2,0,1
1,000,0 1.759.6
7,646.4 1,040,8
1.286,4
63,9
300,0
76.3
1,066,2
281,6
126,8
2,250
180,0
400,0
2,139.(1
245.1
177 5
in2.t
176,1
891.8
200,0
9dS,6
3.fi96,2
3.42S6
174.2
489,b
769.71
600,0
333,8
3,977.0
178.!:
2,917,6
6 78,C
300,0
648
4 219.9
3,475,1
25.3,3
42\9
1,200,0
20.422.0
2.1Vi5
6,000,0 2,698.9 26.7U.0 2,P62.C
3.398.6 17,725,0
6,000,0 3.635,2 25.C45.9
936,8
169,H
6,447.7
1.158,4
1,000,0 1.681.8
6, la 3.4
625,7 11.946 7
1,000.0 1.042.3 11,2 <2.2 2,507,6
346.9
3.337,9
422,7
490,9
3.102.6
411.3
953.4 21,566 5
932.8 19.532.1 4,570,6!
1,600,0
88V,0
681,
6,187,9
993,0
6,197,3
460,0
294.6
333,P
2,733.6
2,183,4
298,9
200,0
11.492.6
637.6
788.2
10,616.1 1.935.4
1,000,0
1,601,3 43,394,6
1,000,0 a.678,e 34.699,9 l0.3><3,^,
4,010,0
436.6
388,4
3,998,0
376,61
600.0
la6,o
2,709,3
372,6
601,2!
2,681,6
600,0
218,8'
367.1
2,783 6
273,9
2,617,4
600,0
6,633 2
564.7
991.2
l,2i8,fc
8.168,1
900,0
3oe,t
3,877 9
163,2
3 439,1
680,4
1,000,0
2,224,0 18.570 5
1,400,0 1.661.3 1B,160,1 2,291,6
6,626 9
211,8
664,1
4.688.4 1.205.C
1,000,0
v60,e
1.922
389,4
2.f01,0
198,0)
300.0
2i.l4S.O
1,152,(J
1,600.0 6,734,0 24.110,0 4,969.0'
904.0 48,3t0
2.000,0 3.271,6 39,8'il.O 11.758.C
l3.^4
1,63».2
333.9i
147,3
1.417,6
260,0
1,060,0 22 461,3
3,000.0 2,036,4 21.505,9 4,561,4
612,1
816,0 12.525,0
9,842,0 2,371,(
1.000.0
8,682.0
686,0
778,!<
7.620.0 1.813,C
300,0
2,8i2,0
169,6
229,6
2.869.0
406,0
760,0
661.4 37,116, S
600,0 7,763,7 32,781.9 6,674,i
2.53*<,1
407.3
63,0
2.29»,3
267,9
300,0
3,616,0
380,7
666,6
3.308,0
636,3
260,0
3,661,3
306,1
410,4
3,294,6
612,3
200,0
3,6(14,0
248,0
297,2
3,496,7
671.4
760,0
40,500,9
4,726,5
l.OOU.O 1,488,9 33,061,0 6,744,2,
9,114.7
651,7
100,^)
1.211,5
7.908,1 l,819,k
3,C68.1
4?0,5
167.e
672,7
2,542,5
200,0
4,780.1
385,9
780.3
3,286.5
672,2
200,0
316..^
10,5«4,6
811.6
9.294,1 2,254,5300.0
7,674.4
446 2
926,2
6.519,8 1,436 4
200,0
4f2,9
2.3U2,9
2.235,9
184.1
328.4
200,0
6,107,6
918.3
6.322,8 1,15S.7
318,9
300,0
3,070.0
341.0
376,7
2.813,0
o91,0
200,0
12,344,0
926,0
10443,0
656,6
2,064.01
600.0
1,148,3 32.806,8
2.100,0 3,163.6 27,887,6 8,43'i,i
496.2
4,208,0
638,0
4.168,0
439,f
300.C
14,141,5
1.23S.a 13,602,6 3.17U
385
1,200.C
633.7
4
410.6
186,7
903,9
3,684,01
600.0
a.507,4
364.7
606 e!
308,4
3.949,8
l.OOO.C
3.707,9
250,r
3,349,81
480.2
363,4
466.e
3,412,0
207,2
178.7
3,265.2
664.7
360.0
939
Sonse Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the non-
member banks.
BANKS.
N. Y.
Capital &
Surplus.
Loans.
Specie.
$
$
$
'
Legals.
Oct.
7 137,766.2 710.082.6 147^524
"
14. 137.7t:6.-^ 705.899.9 1463377
"
-il. 137.76H,2 7(0.64S,9 1436743
28.. 137,766,2 695.777,0 1443369
'
Bos.'
Dfposits.i
Circ'l'n. Clearings.
$
$
$
$
14506536
4957^,1 774.946.2 15.586.9 11659026
49.86 I, 768,375,7 15.727.4 12025X31
49.HP.5 761,635,5 15,815,4 10990291
48.«Hil,6 781.158.8 15,634,7
I
Oct. 14
'
21.
•
"
^8
<
:
67.861.9 201.697,0 16.637,0
67.661,9 199.839.0 14.821.0
67,651,9 198,925.0 16.110,0
Phila.
6.8190 220,^78
6.374,0 119.4 23,2
«.391,0 173,612.7
6 417,0 138,442,7
7,374.0 218.554
7 370,0 213.343
I
O't.
"
•'
35,345,4 143.590.0
41.073.0
166,570.0
36,345.4 143.286,(1
41. .^4 1.0
164,766.0
V8
•«^.:'4.5,4 142 354,0
41 59^0
163.309,0
IVe omit two ciphers tre all tntat Jiguret.
Includinir for Boatou and Pblladelohlatbe Item 'due to
14..!
6.491.0
2
6,49S',0
86,339,8
97,028.6
5.612
0'2.9n9
1.1
i
9
other banks.'
Government Revenue and Expenditures —In
the table
Government Revenue and Expenditures, Chronicle of
October 28, page 887, the Internal Revenue receipts for the
nine months of 1899 should have been §211,674,000 instead of
of
$111,674,000,
and the
total receipts $401,823,000.
Auction Sales. -Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction
By Messrs. Adrian H. Muller & Son.
Shares.
Shares.
312
12 Chatham Nat. Bank
3 Nat. B'k of the Republic.215
3 Long Isl Safe Dep. Co.. 50
8 United RR. of N. J. &
283
Canal Co
10 Title Guar. & Trust Co.. 400
100 Mechanics' Nat. Bank... 205
2U Elberon Hotel & Cottage
10
Co., pref
12 Citizens' Insurance Co.. 122
19 Nat. Butchers <fe Drov-
?50Nat. B'way Bank ..230-25033
150 Nat. Citizens' Bank
150»«
30 Oriental Bank
1973i
40 Nassau Bank, N. Y. ex.
17014
(31v
17 Union Trust Co .. .1425-1435
26 Fort Wavne & Jackeon
RR., com
ICh
60 Vesta Mineral Sprlcp
Co
$30 lot
500 Kansas City Humboldt
Mining Co
$.501ot
1,000 Mt, Albert Gold Min'.^
TuDuelA Power Co.. $60 lot
10 Standarfl Cement Co.. $100 lot
9 Thompson Motor Co.. .$25 lot
500 Iron Silver Mln'? Co..$280 lot
50 Hide & Leather National
Bank
ers'
Bank
97
360
7 Western Nat. Bank
60 Trust to. of America.... 234
50O
10 Nat. Park Bank
5 International Banking &
161
Trustee
5 Prod. Exch. Trust Co.... 194
229i8
50 Bankers' Trust Co
Bonds.
$25,000 N. Y. tlty 38.1916.
130V128^
Williamsburg Trust Co.. 200
50 Manufact'ers' Trust Co.
of Brooklyn
326ia
12 Hanover Nat. Bank
737
10 Nassau Tr. Co. of B'klynl88
.=
M&N
lOOifl
$1,000 10th
Co.
& 23d
St.
Ferry
1W19. J<SD
.=Ss,
104^2
Manhattan Co. Bank
$1."^.000 Wiuona & Southw.
270
325i«
10 Liberty Nat. Bank
Rv. Ist6s. 1928. stamped. .$50 lot
24 Nat. City Bank
2015-2021 $500 Winona & Southw. Ry.
5 Jos. Ladue Gold M'g &
]8t6s, scrip
$5 lot
Total....
58.922.7 78.843 5 695.777.0 144336f 49.110.6 761.635.6
Devel. Co. pref
$7 per sh. $10,000 Newark, N. J., water
109 & int.
4s. 1914. A&O
Aeports of Non-Member Banks.— The following Is the 102 Louis. Hend. & Sr. L.
RR. pref
2158 $8,000 Chicago & Altou RR.
Btatement of condition of the non-member banks for the
Manhattan Trust Co. ...350
refunding 3s
96H
week ending Oct. 28, based on averages of the daily resnlts 10
20 Morton Trust Co
450
$1,000 N. y. & White Plains
7v; Winona & 8o'w. Rv. Co.. $3 lot
We omit tioo ciphers COO) in all cases.
Sub. Water Co. m'ge bonds.
20 Kankakee Water Co
$100 lot
$1 lot
Deposit, with
475 Marshfield Water, Elec.
LoansJc
Leo.1
L't<fe Power Co.... $1,100 lot
OapiSurBANKS.
Svtcit. iB'k OUar\\ Other
Sotet. Agent. :Bia.Ac potitt.
tal.
plus.
ments,
(OOl omitted.)
By Messrs. Richard V. Harnett & Co
Niw York
Citi
Borough op
Manhattan.
5
Shares.
.
t
100,0
300.0
Xleventh Ward... 100,0
Fourteenth Street 100,0
200.0
Oansevoort
200.0
Hamilton
500,0
Hide A Leath. Nat
100,0
Home
260,0
Mount Morris
200,0
Mutual
Nineteenth Ward. 100,0
100,0
Plasa
100,0
Biverslde
100,0
State
200,0
Twelfth Ward....
Twenty-third W'd 100,0
200,0
Union Bqaare
100,0
TorkviUe
Oolenl&l
Cclnnibla
9
9
9
95,6
200,2
131.2
67.0
18,3
95,6
240.2
89.0
63,3
122.6
1.032,4
2.32u,0
1.196,9
1,106,6
713,2
1,824.2
2,318.0
616.2
1,812.0
22.6
77,0
69.6
48.2
26.4
63.9
88.6
39,6
72,7
31,4
29,7
14»,0
13,0
189,0
26,2
43,9
49,7
106,8
37.4
140.1
113.8
163.6
79,2
66.4
328.8
163,6
1.362.8
1.041.1
1.870.0
879.7
2,362.0
1.2 2 1
l,04H,6
2.236,0
1,694,6
9
72,6
68.0
58,7
49.0
4;',6
74,0
3C6,8
39,3
96.7
1-^0.0
110,3
139.0
36,4
95,0
123.2
87,5
167,8
U0,2
9
131,4
123.0
170.0
172,1
27.1
152 2
126.7
28,8
46,4
163.2
221,2
9
1,129.2
6,0
1.336,3
1.301.3
e.o
681,7
1,458.2
1.761.1
7
62.0
87.2
6
65,'2
155.0
66.6
39,0
86.6
79.2
198.(5
100,0
4.2
66,0
39,7
26,3
36,8
10,0
20,0
17,1
21.7
26,2
77,6
162.6
113.9
46.7
60.3
86,0
4a6,l
165,0
81,4
462,0
388.0
29.9
45.9
49.4
63.2
187.4
36,6
33.2
38.7
62,6
477.6
669.8
17,0
16,2
22,3
16,7
76.6
76,7
745,6 4.977.8
6;^6.8 2,092,9
366,2 1,364,9
942.9
211.8
438,3 1,811,4
88,8
869,1
269.0
73,4
323,6
69,2
41,6
63,0
21,7
44,7
463.7
184.4
187,1
97,6
113.1
88,7
-1
2.0):0.0
11,6
17,4
3i,"6
£01,6
2,193.0
1,427,6
1.394,4
1,936,0
862,3
2,845,0
1,6:<6,6
Shares.
500Stmd. Band Rock
.
1,128,8
2.4US,6
1.642,2
mid "ginmicmh
gaiiTiiiig
Brookltn.
160,0
100,0
Brooklyn
300,0
Eighth Ward
100,0
Firth Avenue
100,0
Kings County
150.0
Manufact'rs' NaPi 262,0
Mechanics
600.0
Mech's'
Tradr's 100,0
Nassau National. 800,0
NaQoEal Olty
300,0
North Side
100,0
People's
100,0
Sohennerhom
100.0
Seventeenth Wart 100,0
Bprague National. 200,0
Twenty-sixth W'd 100.0
Union
100,0
Wallabout
100.0
Gennau- American. 100.0
Broadway
&
119,3
133,4
169,9
39.9
62,8
57.1
433.6
391.8
203,5
571.5
564.8
106,9
127,0
63,4
71,4
215.0
64.1
67.1
36,9
18.6
1,231,4
1,445,5
1.362.6
336.4
667.8
816.6
2,641,9
3,li7,0
988.2
20,1
16,8
73,4
120
2U,3
36,0
197,6
166.1
67,6
140.0
3,798,0
2.476.0
127.0
700.7
946,2
645,7
13,3
31.7
27,3
4(^8,2
9,0
,188.6
124.8
626,4
339,6
628.1
317,6
11.1
8,6
24.0
92,6
91,4
40.4
25,8
'<i4.1
24,8
255.1
135,0
27.»
248,0
241,0
6
11,9
3.7
16,6
26,0
8,8
36,0
45,0
1
33.0
50,0
18.3
80
3,2
13,0
94,8
1,4
1,381.8
1.520,8
Spencer
l.',i94.1
302
5
602,0
846.4
2,971.9
8.114,9
943.2
3.909.0
2.791.0
696,2
936,6
644,0
441,5
1,095,0
601.0
261,1
677.3
284,8
27
&
PINE STREET,
29
Members N.
26.0
60,4
81.4
Othbr Citiks.
lit Nat., Jer. City
Hnd. Co. Nat. J. C
IdHat.. Jsr. City.
400.0
250.0
250.0
IdNat., Jer. City.. 200,0
let Nat., Hoboken 110.0
Id Nat., Hoboken. 126.0
Totals Oct
Totals Oct.
Totals Oct.
Co.,
...
NE\r ITORK.
-
INVESTMENT SECURITIESBranch
OfBce.
Y. Stock Exchange.
rt7
State SI. Albany.
Alexander M. White, Jb.
Qborok Babolat Moffat.
Moffat
& White,
BANKERS,
RiCHMO.N'D.
l8tNat.,StatenlBl 100,0
Trask &
BANKERS,
Transact a general banking businessi act as Fis(:al
Agents for corporations, and negotiate security
Execute
issues of railroa(Js and other companies.
commission orders and deal in
Borough of
Bank of Htateu Isl.
Deposit & Storage Co.. 203
125 Seattle & Eastern Construction Co
$28 forlot
10 German Am. Real Estate
Drill
Co
$9 for lot
66 Term'l Wareh'e Co
8
36^4
333 >f.Y.&N.E.Telep.Co.$16forlot
Title Guarantee Co
1.000 Pneumatic Pulverizer
30 U. 8. Electro GalvanizCo
.$4 tor lot
ing Co
$ 100 for lot
10 Amer. Fish Hook Co $3 for lot
Bo7h1s.
40 Baiikof Abiugdi>n.Va.$l forlot $10,000 Ches. & Ohio Grain
72i2
1.350 Consal. Telep.Co.$17 ior lot
Elev. Co. Ist48, 1938
lORaud-Avery Co
$4 forlot $5,000 Ches. A Ohio Grain
200 Seattle C. <& L Co.. ..*5 for lot
Elev.Co.2d4stnc..l938. 16
15 Augusta National Bank,
$10,000 Term nal Warehouse
72
Staunton, Va
25
Co. '8, 1942
Borough of
Bedford
ION. Y. Prod. Exch. Safe
100 IssaqnahCoalCo ofSeattle.Wash
18
4t<,5
'^6.6
111.2
62,0
643,6
607,9
66P.0
88,0
7,3
34,1
64,1
5.899,3
1,804.3
1,123,4
845,9
1,549,6
870,7
,8i8,S
t,73'A t6,t84.J
28.. 7,663,0 9,iSo,7
21. 7.S62,c\S,iSo.7 64.774,2X2,815,7 1,Sog,2 S,S3<),t 2,005,8 67.421,8
14- 7,862.0.8,180.7 t4 8i2.4\3,oco,o 4.072.2 0,500.5 i.S6o,2\b8,22l6
Metv Ifork City, Boston ana PhiiaUeipliia Banks.— heiow
wefnmish a summary of the weekly retnrns of the Clearing-
Members Ne t York Stock Exchange,
No.
1
NASSAU STREET,
-
-
NEW VORK
-
.
INVESTMENT SECURITIES.
36
NASSAU STREET, NEW YORK.
FISK
& ROBINSON
RANKERS
INVESTMENT SECURITIES.
HARVBT EDWARD
FISK.
GEORGE
Member
H. ROBINSON.
N. Y. Stock BzctaDS*
THE CHRONICLE.
940
^atrhjers^
The following were the rates
of domestic exchange on
at the under-mentioned cities to-day: Savannah,
buying J^^ discount, selling par; Charleston, buying 1-10
discount, selling par; New Orleans, bank, par; commercial,
$1 25
$1 50 discount; Chicago, 10c. per $1,000 discount;
St. Louis, 75c. per |1,000 discount; San Francisco, 123^0. per
$100 premium.
(^<t^ztU.
New York
Dl VIDfiNDS,
When
Per
yame of Company.
@
Books closed.
(Days inclusive.)
Payable.
Gent.
Railroads (Steam).
K. C.
& Chic
Il2
Nov.
Nov.
Nov.
—
—
Pennsylvania.
Sunbury Hazleton
Vov.
29
5
Nov.
1
•2^
Nov.
Nov.
Nov.
Nov.
15
Nov.
10 Nov.
Nov.
Nov.
Nov.
20
Dec.
Nov.
20 Nov.
St.
L.
,
pf., gu.(qu.)
& Wilk'barre.
Street Railwayn.
Allegheny Traction (Pittsburg)
Quincy & Boston St. Rv
Union
West
N.BedfMi-d,Ma8S.(qu.)
Chicaf:o St. Ry. (quar.)
St.,
13 50
2
—
United States Bonds. Sales of Government bonds at the
Board include $7,000 4s, coud., 1925, at 129i^; $25,5U0 4s,
to
Mexican Ry., let pref
Mexican Southern
[Vol. LXIX.
1
coup.. 1907, atll238' to 112i^; $35,000 4s, reg., 1907, at 111^^
to 112; $2,000 5s, coup., at llUi^; $10,0(iO 5s, reg., at llOK?
$20,000 3s, coup., at 10758' to l<'8i^ and $2,500 8s, reg., at
07% to 108. The following are the daily closing quotations
for yearly range see seventh page following.
1
1
1
Interest
Periods.
Baukiii.
of the State of N. Y
ITS ittcelJa neons.
American Cereal (quar.)
Bank
Bergner & Engel Brewing, pref.
Chicago Telephone (monthly )...
Glucose Sugar Kefg., com. (qu.)
"
"
1^
.$4
00
1
pref.(qu.).
Grand Rapids Gas-Li^ht
Municipal Gas, Albany, N.Y. (qu.)
Qram-o-pbone i,m'thly)
Pennsylvania Coal (quar.)
Pennsylvania Natural Gas (qu.)
People's Gas L. & Coke (quar.)..
St. Paul Gas Light (quar.)
JJational
Shelby Iron
U. 8. Bobbin & Shuttle, pf. (qu.)
United States Envelope, pf.jqu.)
United States Printing (quar.)..
"
"
"
(extra)..
WAJLL. STREET,
1
4
l^a
1
5
1%
1^
1
—
Oct.
]
6 Nov.
1
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
3
2l2
1 to
1
liOct.
lelNov.
1
Oct.
10 Nov.
25 Nov.
I.') Nov.
15 Nov.
Nov. 10
— to
Nov. 16 to Deo.
— to
15
1
1
Dec.
Dec.
1
I
FRIDAY. NOV.
1899.-5 F. M.
The Money Market and Financial Situation.— Last
Saturday's bank statement was more faA'orable than had
been expected in some quarters and led to renewed activity
and strength in the security markets at the beginning of
the week. This buoyancy was soon checked by the high
rates which developed for call loans, and subsequent irregularity in the stock market was due chiefly to money market
conditions. News from the Transvaal was also a factor,
and at times the sales for foreign account were apparently
on a liberal scale.
The clearing-house returns for October, for the covmtry outside of New York City, are the largest ever reported
in any one month, and including New York City show an
increase of 40*2 per cent over October of last year. The
general activity which is reflected in these returns seems to
inspire confidence in Wall Street, and operations have been
on a more extensive scale than for some time past, while
closing prices generally compare favorably with those of
last week.
It must be admitted, however, that a large proportion of the transactions at the Stock Exchange is of a
speculative character. As indicated above, the money market was decidedly irregular during the early part of the
week, but is more settled at the close.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 4 to 35 per cent. To-day's rates on call were 5 to 8
percent. Prime commercial paperquoted 5 to 5?4 per cent.
The Bank of England wc >kly statement oii Thursday
showed a decrease in bullion of £355.107, and the percentage
of reserve to liabilities was 43-90, against 44-43 last week; the
discount rate remains unchanged at 5 per cent. The Bank
of France shows a decrease of 3,925,000 francs in gold and
1,450,000 francs in
The
3.
.silver.
City Clearing-House banks, in their stateshowed a decrease in the reserve held of
and a surplus over the required reserve of
|3,038..525. against 81. 44'. 075 the previous week.
of
$S7,600
Oct. 28
1899.
Oct.
Capital
Surplus
Loans
cfedisc'nts.
Circulation.
Net deposits
Specie
Legal tenders
Reserve held
Legal reserve
Surplus reserve
Note.— Returns
Foreig'u
28
IHfferen'sfr'm
Prev. week.
..
58,922,700
78,843,500
695,777,000 Deo. 4,766,900
15,815,400 Inc.
88.000
761,635,500 Deo. 6,74 0,200
144,336,900 Inc. 662,600
4a,lio,50o:Dec. 750,200
193,447,40o'Deo.
87,600
11*0,408,875 Deo. 1.685,050
1898.
Oct.
1897.
29
Oct. 30.
58,272,700 69,022,700
75.911,300 74,440,100
667.232,600 567,200,500
15,538,500 16,071.300
761,574,200 625,339,200
161,346,500 101,611,300
55,138,600 78,995,300
216,485,100 180,606.600
190,393,550 156,334,8C0
3,030.525 Inc. 1,597,450' 26,091.550
of sep a-ate banks appear on page 939.
94.271,800
Exchange.— The foreign exchange market has
continued dull and relatively steady, with
change
no material
in rates.
To-day's actual rates of exchange were as follows: Bank483@4 83^; demand, 487(aA87li;
cables, 4 87X@4 88; prime commercial, sixty days, 4 H2}4(§
4 82'^; documentary commercial, sixty days, 4 81^ @ 4 82-''^;
grain for payment, 4 823^@4 82^^; cotton for payment, 4 81^
@4 8114; cotton for acceptance, 4 821.^(0)4 82^.
Posted rates of leading bankers follow:
ers' sixty days' sterling,
November
Sixty days.
3.
Prime bankers' sterling bills on London.
4 84
Prime commercial
4 82is'a>4
Documentary commercial
4 81i4®4
,.
Amsterdam
(guilders)
Frankfort or Bremen
Demand.
4 88
82!«t
823i
5 213ie'3'21i4
5 18ie®177ie
40 ®40lie
403g®40'7i«
958,^@95i4
(relchmarks) b'kers
946,^®943f.
Paris bankers' (francs)
bankers
38,1918
38, 1918
Oct.
Oct.
Nov.
Nov.
28
30.
31.
1
2.
Nov.
3
•100»a *100i« *100ia *100i^ *100i« lOOifl
*107ifl *107is '107S8 *10758 *107!S
*108i4 *108i4
*«
108^2
108
X 07% *107% 1C8^
. > .
*108
*108
*llli«
*112l4
*108
lllBf
112',
'x07^ i07ifl io7"4
nili2 *llll2 *1115^ 112
*lX2i4 *112i4 •11238 U2i«
*129 *129i* 12938
*xl29 I2914 12938
^11038 110»<. nioi« nioifl llOSg
*lll% "lllE^ X 1fli« noia 11058
* This is the price bid at the morning board
no sale was made.
Coins. Following are the current quotations in gold for
*129
*130
"129
*130
*110l4
*1115s
*129
•130
;
—
and bullion
coins
:
Fine Silver bars.. — 58 14® — 59
$4 85 ® $4 88
Napoleons
Five francs
— 93 ® — 96
3 85 ® 3 89
Relchmarks. 4 73 ® 4 80
Mexican dollars.. — 47 14® — 49
"8
— 43 ® — 45
25 Pesetas
4
83
Peruvian sols
Span. Doubloons.! 5 50 d)\5 60
English silver.... $4 83 ®$4 88
Mex. Doubloons. 15 50 ®15 60
U. S. trade dollars — 55 d) — 70
Fine gold bars... par ®i4prem.
State and Railroad Bonds. No sales of State bonds have
been reported at the Board this week.
The market for railway bonds has been somewhat irregular, although changes in quotations are for the most part
unimportant. The volume of business averaged about
$2,500,000, par value, per day, and was made up largely of
transactions in a few low-priced issues. Louisville Evansville
St. Louis 1st con. 5s were exceptional features and
advanced from 59 to 66%. Standard Rope & Twine and
Kansas City Pittsburg & Gulf issues were notably active
and advanced over 2 points. Wabash debenture series
were among the most active bonds, and with Mexican CenSovereigns
XX
©4
—
&
B
incomes and Missouri Kansas & Texas 2d 4s advanced
a point or more. In addition to the above the active list
includes Atchison. Baltimore & Ohio. Central Pacific, Rock
Island, Northern Pacific, St. Louis Iron Mountain & Southern, St. Louis Southwestern, Southern Pacinc, Union Pacific
and Southern railway 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
Sales at
/— TTeefc end. Nov. 3.—^
Jan.\to Nov.'i.—^
tral 1st
.
N. r. stock Kxch.
Government bonds
State bonds
RR. and misc. bonds....
Total
Bank
Week ending
3,
1899.
Saturday
Monday
Tuesd.<iy
Wednesday
Thursday
Friday
Total
The
1899.
1898.
$215,000
33,000
17,374,200
$8,321,520
1,884,300
739,967,400
$19,496,21:0
$17,622,200
1,613,074
$143,477,600
$6,150
750,173,220
147,878,617
$14,324,790,225
$326,950
$102,000
13.822,500
shares, par value.
We add the
1898.
1899.
$13,924,500
3.699,366
$363,302,750
Stocks— NO. shares
Par value
Nov.
New York
ment
reg. Q. -Mch.
reg. Q. - Feb.
coup Q. - Feb.
3s, 1918, small reg. Q. -Feb.
3s, 1918, small, c'p. Q. - Feb.
4s, 1907
reg. <4. -Jan.
4s, 1907
coup. Q. -Jan.
4s, 1925
reg. Q. - Feb.
4s, 1925
coup. Q. - Feb.
reg. Q. - Feb.
58, 1904
coup. Q. - Feb.
58, 1904
28,
to
31 to Nov.
1 to Nov.
19 to Nov. 30
11 to Nov. 20
26 to Nov. 1
6 to Nov. 16
21 to Nov. 1
2 to Nov. 10
12 to Nov. 26
2 to Nov. l'^
11 to Nov. 15
Oct.
•
—
Stocks.
Shares.
.
Par
value.
Railroad, <tc. State
Bonds.
Bonds.
294.047
688,090
515,807
625,519
939,215
636,688
$28,944,850
66.859.350
50.922,700
61,061,150
92.436,600
63,078,100
$932,500
3,155,000
1,9S7,500
2,095,500
3.328,000
2,324,000
3,699,366
$3^3,302,750
Tuesday
Wednesday
Thursday
Friday
Total
$162,410
$13,822,500
U.S.
Bonds,
$35;6ci6
16.500
10,000
7,500
33,000
$102,000
and Philadelphia Exchanges were:
-Boston.-
Monday
$691,007,080,
87.472,112.
$8,375,612,585 \
following record of the daily transactions:
sales on the Boston
Saturday
2,556.20)
668,955,210
Listed
Unlisted
shares.
shares,
Bond
Philadelphia.
Listed Unlisted Bond
shares.
7,503
8,160
11,590
9,491
18.108
9,715
sales.
$23,950
98,805
80,500
147,020
41.700
110,138
shares,
9,466
31.804
28,663
21.638
37,661
36,311
13,147
18,326
10,541
9,301
15.654
9,705
5,763
11,658
5.290
6.804
10,968
4.855
sales.
$205,000
207,200
126,700
151,686
240.800
140,300
165,543
64,567
502,113
76,677
45,336
1,071.686
Railroad and Miscellaneous Stocks.— The stock niarket
has been unusually active and irregular, under a vigorous
speculative manipulation, the fluctuations in many cases
covering a wide range. The transactions, which were
exceptionally heavy in a few issues, aggregated 939, (00
shares on Thursday, and averaged nearly 7< 0,000 shares per
day for the week. Brooklyn Rapid Transit was a prominent feature, both in activity and erratic movement,
and closes with a net gain of 4:}4 points. Metropolitan
Street Railway covered a range of" 5J^ points. Southern
Pacific, Missouri Pacific, Union Pacific, Atchison preferred,
Louisville & Nashville and Cleveland Cincinnati Chicago
& St. Louis were notably strong throughout, and close with
substantial net gains.
Several of the industrial issues were heavily dealt in, with
varying results. United States Leather moved up over 15
points, making an advance from about 14 to 39 within two
weeks. New York Air Brake sold at 138 and at 1 lO within
the week. American Sugar Refining, Federal Steel and
Pullman's Palace Car advanced about 6 points, a part of
which has been lost. American Malting declined, and Continental Tobacco showed a tendency to weakness.
\
Nov.
THE CHRONICLE -stock
4, 1899.]
prices
(2 pages)
aT00K8—meHJB8T AND L0WB8T SALS PRIOBS.
Monday,
Oct. 28.
•17
Oct.
•18
19
47%
92M
68H
5i^
73
47H 47H
31^ 23
«5H 66
63
BSii
Tuesday,
30.
Oct.
•18
47
23
47%
83%
P«
.fS
•39
•84« 95
•95M e6«
31.
31
47
IL. ^l^
65%
66%
62% 53
72% 72%
67!^
^i^
pvt
73H
.^^^
^A^
^l^
•39
42
42
84
•40
•85
94
I^^
•95
86
43
90
Nov.
•18
146
HH
•128
123
I4«
l*H
139
•126
129
14%
•40
172
170
306
175
180
173
•126
14%
182
•175
13
lax
41
41
41
§172>4
'70% 170%
•200
115H 115
12K
17ci
805
173^ 1171%
169% 171
•800
205
171
•800
116% 114X115% 114%
125
•120
•175
13
IS
40
59
41i«
183
185
l^^
41
•120
•170
•11«
40
60^ 60% eo%
59% 59%
100
99% 99% 100 100% 1100% 101
60
•38«
......
rt
8
I19«
19M
•38% 42
6
•11
•39
8
•6
31
81M
SH
,»5)4
•45
,'i*
133
*2S^
22
77
•17^
5
14
13H
38
19
.ii^
•90
5
4%
46
45« 46i4 45%
•16
,iS^
,iS^,i2'<
133
183
183% 188%
^2i 193% 94% 191
22^ 2i^ 2?^ 21^
77H 77% 77% .1^^
•18
•18% 20
30
5
6
6M ..^^
14% 16
15% •14%
13% 1394 •13
18)4
38H 88% 38% 37%
•19
80
19% )9
43
^2
i^^
.J2^
•90
92
90
94
•88
•28
81
•21
•81
S5
175
174
176
•68^
115
•ISJi
169
m
35
65
t35
60
•11% lau
8
8%
53
13K
5
•110
•73
4%
5
•110
115
78
2^^
lii^
•33
•63
35
66
13
•18%
S9H 39M
47J^ iOH
47
MH 184
184
137«
•14H
62%
18%
39%
48%
47H
1385«
16
88
36
•*•••
•••*
316
35% 26%
2e?i 27H
70% 71%.
54H S5H
75« 16%
40
13%
•4%
5
•33
•83
25
63%
13%
39%
1
20
20
l^^
20
,!^
15%
13%
37%
20
43
90
31
19%
19% 19M
•4%
5%
6%
45%
45
48
47
87
•35
•131
•812
216
•133
•313
85%
26%
70%
64%
26%
55% 55%
76%
47H
76V<
76
•49%
•46
•77
•77
^0% 51% 51%
•88^ 92^ •89
esM 6^H 67
138% lS39i 183%
74% 74H 75
2
11
39
48
16
48
5%
L.
St.
Do
&
•20
175
36"
85
"35"
175% 174% 175
1,600
2,000
20,645
4,100
7%Jan
36%Jaa
65
65
n Do
116>.i
14
60
18
205
198
198
805
58
50
•198
•30
87
205
65
76
J78
•73
73
14
35
66
4ttM
47
78
51%
58M
90
67%
37
18*5
818
38
•83
63
25
66
13% 13>4
38% 40%
48% 49%
47
47%
188%
185
137% 138
14%
16
80% 80%
36% 86%
•138
•813
135
816
88%
70%
54%
35%
86%
71%
64%
36^
87%
71%
78)4
76
76%
48
78
52
90
55
805
5B
87%
•72%
74
&
aSH
74
50
5i'.9V6
•81
35
36
53
•53
53H
88
6
2,405
1
Street
Ra5lway.
NBW YORK
BiMOk
St
Bid.
4 Ful F— Stock
1st
M
6s 1922
MAN
N 4 B Riv—Stock
Oonsol 7$ 1908
J4D
Street
Railway.
Bid.
pref., vot. tr. otfs.
35
{184
193
108
41
103
•••••*
106%
110
Ist.
116
106
-•#
128
109
Ist gold 58 1932... J4D
Scrip 58 1915
—
F4A
Blghth Avenue Stock.
Scrip 68 1914
42d 4 Gr St Fer— Stock.
42d St Man 4 St N Ave.
.
.
117
108
400
108
400
76
lstmort6s 1910.. M4S lift
3d Income 68 1915. J4J
89
Lex At4 Pav F 5b-S«« Stk Bxchl
Metropolitan— Sm Stock Bxohl
180
106
480
480
83
117
91
ist.
1st.
5
6
Jan
Jan
7
5%Feb
8%Jan
39
6
34
Feb IC
ll%May
30%May
of assmt.
.
—
.
87%Aafl
47% Aug
77%Mar 97^DM
ll%Mar 19%Jan
43 Nov 5 3% Sep
Dm
Dm
Dm
Dm
9
1
8
5%J'n«
Jan
22%Aug
Dm
6%9ep
18
37%May
May
72
18
18
%Deo
99%Mar
l%MAy
Deo
38%Deo
78% Deo
e%Mar 7 Mar
24
46
118
Mar
Mar
10
14%Jan 30
T All assessts. paid.
RAILWAYS,
dc.
Bid. Ask.
Street Rallwaye.
114
1st 58 '43.. JAJ {110
Westchest
.
120
Consol. 58, 1948.. .F4A 118
Sixth Avenue Stock. .... 200
208
Sou Boulev 58 1946.. J4J 4118 114
Bo Fer Ist 58 1919. .AAO {110% 112%
Third Avenue— 5e€ Stock Bzcb list.
A 29tb Sts Ist 58.
28%Ja]l
25 Mar
DM
Bid. Ask.
Street Rallwaye.
Ninth Avenue Slock
800
19C
108
Second Avenue Stock
193
1st mort 5s 1909. .MAN 107% 108V4
88th
9%Mar
86
16 May 18% J'na
33%Jan 87 12 Oct 33%Aq«|
58 Oct 83 Aug
81%J'ly 38
308 Jan 84 170%Jan 315
59%Aug
85 Apr 4
40 Jan
88%Oct 30 44 Apr 65MDM
l20%Jan
90
l33%Apr 3
Oct
269 Mar 28 l25%Mar 194%DM
25 Oct 2
74 Oct 87
4%J'ne
7%DM
17%Apr 27
consecutive paq^s).^87 RJSEl
—
—
Not
4%Jan
•
i
I
Dm
DM
"pacific Coast Co
Do iBt pref
Do 3d pref
Ask.
A 10th 8t-8tock 170 175
ColA 9th Ave 58-Se« Stock Bxchl Ist.
Dry D B B A Bat— Stock
185
150
Chrlst'p'r
Istmort 78 1900... J4J 100
B'way 4 7th Ave— Stock. 835
lltmor 5sl904...J4D 104
tdmor 58 1914.... J4J 108
Oon 5s 1943— S«« Stock BxobI
B'way 8u- 1st 5b gru. 1924 114
Sd 6slnt a8 rental. 1905 105
Central Crosstown— Stock 860
•n Pk
Ask.
CITY.
7
88%J'ly
iee%DM
148%Dm
Jan 191%N0T
Mar 114%Dm
10 Apr 14%Jan
28%Mar 41 Jan
25,647
31 45!4AUK 31
99,725 38%J'ne 1 58% Apr 4
22 Mar 4d%DM
24 Nov 33%Feb
1,370 33 Jan
58 Aug 88
8
112 176 Jan 8 5185 J'ne 1 5187%Jan nSO
Mar 124%DM
13,096 121% Jan
8 144%Mar39 105
ll%Mar 15%Jan
300 13 J'ne 29 19% Jan 83
73 Feb 76 Jan
710 65 Mar 7 86 Oct 21
28 Mar 40%Jan
400 39%May 34 41 Jan 23
S360 Jan 2e 5390 Mar 14 5320 Jan 5353 Oct
129%Jan 2". il38%Marll 1120 Apr 5128 Not
• • • •!
5198 Jan It 222 Apr 20 5178%Jan 801
13%Apr 19%DM
18.890 18%Jan t 28%Mar 27
11% Apr 19%Dm
42,747 17%Mar 17 88%Aug 33
42%Mar 63%DM
9,681 61%Jan
6 74i4Aug 23
19 Feb 44%DM
3 ',196 42%Jan 7 57%Aug 24
66%Mar 79%8«B
86
t
6,445 72HOct
81% Jan
86%Jan 61%Alg
33 J'ne £ 63 Jan 83
68%J'ne le 7794Sep 82 65%Mar 78 Not
34%J'ne 48%Bep
6.288 38 May 11 54 Nov 1
384 84%Apr 18 90 Feb 80 79 Deo 91 J'ne
57 Not 69 a«v
2,928 68%J'ly i 68%No' 1
16,460 l83%Jan S 143 Jan 83 110% Mar 183%DM
38%Jan 63%De«
1,200 48 May 11 88 Jan 88
67 Mar 84%DeO
80 Feb 10 100 Aug 17
15%Mar 83% Jan
5,SC8 19%May IS 35 Jan 84
36 Mar 54%D(0
64,118 61%Jan 7 68%Apr 4
89 Jan
18,300 26%Jan 7 38%Mar 22
iZ'^S*"
•••• 35%Jan 4 43%Feb 3 23 May 88 Aug
09%ABg
50%Mar
Si
311
3251 66 Jan
83%An«
pref.
;
(Given at foot of
5
13%Augl2
44%May 5
6,34!
400
917
134
76
94
OUTSIDE SECURITIES
Apr
Apr
118%Mar
6%J'ne
'•
85
86
64
90
68
Jan
75 110 Oct 25 116 Jan 84
900 35%Jan 6 78 Aug 29
350 73%Jan
98i^Aug 18
MlsBonri Paclflo
yj Do
54
89
9
2
9
14%J'ne
Jan 16
133
r\r.RR.4N.Co.vot.tr.of8.
S2
May
Mar
60
88 90
88%
67% 67% 67% 68% 68% 68% 68
132% 133
138% 188% xl30%181% 130% 131% Pennsylvania
•73
73% 75
75
73
75 Plttsb. Cln. Ohio. * St. L.
•73% 76
•89
•89
•89
•89
93
94
89
•89
94
94
94
Do
pref.
81% 31% 21% 81% 21% 31% 21% 82
2114 22
21% 21% "P eadlng, voting tr. otfs.
60% 61
61% 62% 60% 61% 61
61% 61% 62% 60% 819< rt iBt pref., vot. tr ctfs.
32^ 32H 82% 83H 33% 83% 33% 83% 33
83% 2d pref., voting tr ctfs..
33% 88
•35
•85
•85
•35
40
40
35 40 Rio Grande * Western ....
40
•35
40
40
•81
•81
5il« SIX
82%
Do
82% §81
88% 88% 88M 82% 82%
pref
Bid and asked prices no sales on this day. 5 Less than 100 shares, t Bx dlv. and rights, t Before payment
'89
9
l96%Jan
56%Jan
63 Mar
301
Do
Ist pref.
Do
2d pref.
Mew York* Harlem
•133
183 135 M Y. Lack. A Western...,
135
214 217 313 820 N. Y. New Haven 4 Hart.
86% 3H% 36% 26% N. Y. Ontario * Western.
87% 88
27% 38% Norfolk * Western
Do
71% 72
71% 72
pref.
54% 55% 54% 65% Nor. Pao. Ry., rot. tr. ctfs.
Do
76% 76% 76% 78%
pref.
85
16%Jaa 26
Apr 26
5
97 Jan 4
12,166 l87%Sep 18
,
80% 80^
J'ly
4
10
Oct 12
5
1,160
.
Mobile* Ohio
•183% 185 Morris * Bssex.
137% 138% 137% 138% \r Y. Central & Hudson..
14% 16
15% 15)4 i.> N.T. Chia * St, LouU.
185
May
46
8
Nashville....
Do
23
J'ly
SSkApr 180% Dm
140
85%Mar 87
58%Mar 87
63% Apr 10
106 Xov 3
7
3
87%J'ne 88
15
.
182%
94
9
isso
^'i-etropolltan Street
Viet. West Side Kl. (Chic.)
Do
pref.
41>,
11
Dm
13% 14% 13% 1394 Mexican Central
5
5%
5% 5% Mexican Nat'l tr. recti...
•110
Michigan Central
5110
110
115
72
72
73
Minneapolis 4 St. Louis.
78
95
95
Do
95
95
2d pref.
•23
•23
85
25
Minn. St. P. & 8. S. Marie.
•63
•64
Do
66
66
pref.
13
13
13% 13>4 Mo. Kansas & Texaa
39% 40% 40%
49% 50% 48%
46% 4«% 46
Feb
Dm
113M VT ftnhattanBneT.,ooniol. U8,lb5
199
Not
7
7%DM
pref.
Louisville
5
Dm
Dm
64
33
DM
"A"
Lake Sh. & MIoh. South.
Long Island
Sep
8ep
Au
18
86
3%DM
&
ofs.
179
173
3
J'ne
75C
15%J'ly 14 27 Sep 6
14 J'ne 30%Dm
6,358
4%Sep 13
8%Jan 6
6% Nov 8%
3,876 41%J'nel8 58%Mar 17
43%Nov 50%
1.935 14%Sep 16 25 Mar 22
14%Nov 20
8,435 l06%Jan
S 125%Apr 20
93 Nov 114%Keb
8,136 157 Jan
7 194%Oct 30 140
Oct 159 Feb
3,100 18%Jan 7 26%Apr 27
10 Apr 31%Dm
7,680 68%Jan 11 80 Apr 27
40 Apr 71%Dm
100 13)4J'ne 1 33%Jan
3
8%Apr 83%Dm
1,675
3 Apr 11
6%Aug 34
2%A.ug
1,150
7%Jan 30 18%Aug35
6 Apr
8%Aac
9u0 18%J'ne 88 16% Jan 19
11 Apr
16%Feb
1,606 83%J'ne31
48 Jan 84
29%Apr 4 3% Feb
624 16%May 8 32%Jan 80
15%Apr 3l%Feb
3,640 36 Mar 88 46 Sep 14
22 May 41%DM
100 70 Jan 7 98%Sep
9
40 Jan 72%Dm
1 n
Mat 18% Not
17 Jan 4 32%May 15
43%Jan 3 65 May 19 36 Aug 49 Not
.....
14 Aug 9 35 Jan
5 115 Nov 28 Mar
14 Feb 1 30 Mar 88
10 May 17%
4,320 l43%Jan 6 196 Mar 13 +182 J'ly 180 J'na
2 49%Jan
5 6l%.Tan 31
40%J'ne 50 Dec
284
5 May 1
9%0ct 34
8% J'ly
570 82 J'ly 18 37%3ep 6
3,805 64% May 13 68%8ep 6
6,196 110 J'ne 1 132 Jan 33
96 Apr 115%
1,230 10%Mar 7 169<Aug 24
7%Mar 11%DM
1,300 43%May 31 62%Aug 85
25 Apr 42%Dm
400
8
7%Jan IS 16 Mar 38
5%0ct
7,596
7 Mar 15
18 Jan
16 Apr 25%DM
6
Pere Marquette..
Deb. ctfs. "834H LI ocKing valley
65
4 2% Jan
300
Ft,
Den. C, stamped.
Ft. Worth
Rio Grande.
/^i reat Northern, pref. . .
8%
34% 30
9%Feb
71%J'ly
88 Mar
20 Apr
4994Mar 6
136%Sep 6
8
66
Jan ll3%Feb
141%Jan 4
6
Jan 19 310%Sep 7 163
13 l88%Jan 37
80
91 Feb 8 l86^Sep 38
65 Mar 94
170 Jan 16 183 Sep
1
5148 Jan 170
l07%May
.
VJr'nB.&W.,deb
8%
8^
35% •30
63% 63% 64
114% 115% 115%
13%
13% 14
69% 59% 60
•34%
6
4
200 188
21,000
20c
pref. vot. tr. ctfs.
Son., listed May 24
Do
Ist pref.
do
Do
2d pref. do
h
7
44%Sep 6
12%Apr 85
J'ne 32
Jan
1 20% Jan
670 l66>4J»n
&
W. A
20%Jaii 83
lOSJ^Aug 18
85%Aug 89
5
7%Jan
l,03t
1
3
81
pref
1919<
J'ne
132%Sep
50%Jan
40,3 37
ctfs.
Apr
3
3
83%Jar.
28
UC
Do
C'lint
13
200
17H
123% rielaware & Hudson
31
ll2%Jan
Wheeling.
Colorado Mid., vot.tr.
31%Feb
81
7 149%Feb 18
Sep iO 68%Apr 89
59% J an 4 100HJ<ep 1
780
.
.
49
103
24
12
44
560
pref.
CleT. Lorain
Col.
23%May
....
pref.
4
68%Aug
61%Apr
7
F«k
15
40%Fek
10% Apr l9%D«a
22%Mar 62%DM
81 Oct
68%D««
68 Oct 79%D«a
35 Mar 78%DM
23 Mar 34 S«y
63 May 7 6% Sep
78 Apr 90%Jaa
44%Mar 68 Dm
83%Oct 99 Dm
17%Mar 26%DM
85%Mar 125%DM
l24%Jan
22,140
4,550
1,025
Terminal Transfer..
Do
9
Jan
50%J'ne 2 70 Jan 23
97 Jan
3 186%Xov 2
68,451
1,21c
.
25
175
Highest.
Apr
11
84
30%Mar 24 44 Sep 23
May 9 96%Sep 32
84%Mar 15 99%May 31
l,02r
& Om..
Do
19%0ct 86
48%Oct 36
84%Feb 23
8
69
14,294
56,3i3
L'el. Lack. & Western.
81% Denver St Rio Grande. ...
70%
Do
pref.
•18
•18
20
1S% 18% Oea Moines & Ft. Dodge.
20
•5%
B%
6% Onl. 80. Shore* Atl
6% 6i4 6
16
13
Do
15% 15% 15
15i<
pref.
113
13
13% 18% }13% 13% prle.
Ci
Do
37% 87% 87% 87% 538% 38%
1st pref
•19
80
Do
19% 19% 19% 30
2d pref
44
44
44
44
48
43
Bransv. & Terre Haute
•90
•90
•90
93
98
92
Do
pref.
•38
Lotoest.
79%Jan 37
75%Sap 20 137 Apr 15
pref.
CleT. Cln. Chlo.
48
548
17
123
Chlo.
1049(
5%
5X
17% 17%
123% 123
19i% 191% 198^ 191%
28% 581% 81% 31%
76% 76% 76% 77% 76h
16%
123
8%
•188% 185
35
83
1
Do
Apr 29
May
May
43%J'ne 22
67%J'ne21
53C
Paolflo
Chic. St. P. Minn.
•62%
139% 137% 138
•14% 16
•14% 16
80% 80% 80% 80H
7av<
103
6
18% 12%
36M 39%
50
27%
40% 41H
60% 60%
41
59% 61%
103
115
71!4
11% 18
18% 13
13«
40
60
105
121
6
138
36
170
8
59
•74
14%
47%
131
185
6
45H 45
17
16%
122^ 182%
192
191%
2i^ •31%
pref.
14
50%Jan
100
175
Plttaborg
.
8
4%
tt
.
"86% "87% 86% 87% 87% 88%
109% llOi.6 109% 111% 11(J%112% HI
194% 196
197
196
198
198% 200
•33% 21% •83% 84% •83
24
38
74
182>i 186
•76
•35
•131
•813
•23
panadlan
Baffalo Booh,
.
13% 13%
5%
4% 4%
aio 110
78% 72% •Vi%"73% 72
72%
95% 94% 95%
95% 95M •93
14
961^
•95%
95% 96
•6
•50
86% '87% "ssii
111H113
^^!^
U2
196 19894
106% 198
•83% 24%
74
Do
8
"35
oJ^
.^l^
n*^
•18
80
20
•18% 19%
18% 18%
•7»>< 80
^°^
198 305 •198
•198 905 .,S^
•18
14%
86H
115% 115%1169< Illinois Central
14
513% 1394 Iowa Central
60
60
Do
60
pref.
•13
13 13
18
18
IT'anawha* Michigan...
9
694 IVan. City Pitts, t Gulf.
7% 7%
8% 10%
7% 7%
•3%
4% •8% 4% •3% 4% 4
5
Keokuk & Dei Moines
•18
18 20
•18
18 80
20
20
Do
pref.
•18
19% 19
19% 18% 19% •18% 19H r akeKrle 4 Western.,..
•80
L* Do
81
80
StM 80>4 79% 80% 80
pref.
.,*2»*
•60
839<
42
•84
•1
59
59
60><
12% 12%
8
•754
40
180
170
Highest,
86
17
.
41
•39
83% 64% 164% 65
59
91%
13
33
115
115% 115% 116
14
14% 14% 14
73J«
43
80
35
33%
67%
53H
80
•11
174
58% 58%
9%
35
A nB Arbor
Wiit
pref.
4«H t\. Do
Atoh. Topeka & Santa Fe. 88,585
11^ i2^
66% 67%
pref. 129,731
Do
8,688
68
53% Dalt.&Ohlo.Tot.tr.cei tfa.
lM,-^44
78% 78% «> Do
pref.
88% 90% Brooklyn Rapid Transit. 113,090
47M,
•39
35
•30
•18
46
80
54
V Canada aouthera
54
54
68% 54
126% 125% 126% 124% 1359^ Central of New Jersey....
27%
89
28%
29!^
87%
Chesapeake & Ohio
13c% 133% 184W 18l%134H Chicago Bnrl. & Quincy.
4UW Chicago Consol. Traction.
48% 48h 48% 49
96
97% 96% 9<JH v6
Chicago & Baat. IlUnols.
'126
129
189 •188 189
Do
pref.
14% 15% Chicago Great Western.
14% 15
14%
909»
90% 9C% 90% 90
Do 4 p. 0. debentures
83% 83% 82% 83>4
83
Do 6 P.O. pref. "A"..
42%
41% 41% 42% 48
Do 4 P.O. pref. "B"..
•11%
12
13
11% UH
Chlo. Indlanap. it Loulsv..
•43
•42
44
44
44
Do
pref.
137% 137% 187% 126% 137 Chicago HUw. h St. Paul.
171% 5172 173 •172 173%
Do
pref.
171
171
171% •169% 171 Chicago A North Western.
•200
304
805
304
305
Do
pref.
115% 116% 115% 116% 113% Chicago Book Isl. & Pao.
126
Lowest,
Railroad Stock*.
48
173% 174
86
176
95
of the
week.
Shares
STOCKS.
Y. STOCK EXCH.
•84% 87
41
41
W.
3.
....
•68%
•6.i%
22%
86%
53%
72%
89%
Nov.
2.
106
16
43
19% 19H
5%
47
•85% 87%
iJ^ H^ 90
91?(,
t^J^ gg^
88
88H .??^
•41% 42% •4 % ?l^
48H 40%
12^ 12H •11% 12
•11%
•42
44
42H 48H 43% 43^ •42
127 127J4 127% 128% 126% 187% 126%
!172
170
•300
114
•130
18
80
47
82% 82%
66% 66%
58% 58M
72
72%
85
90%
91
83
'tl^ S'«
•8?9i 83
142^ 43H
•U!^ 13
Nov.
1.
Bange for year 1899.
Range for pref"
On basU of too-th're loU oiutyar (1898, 'i
aaUt
Friday,
Wednetday TKurtday,
SS^
96%
94
94%
53
63
63
53^ 52% 53i« 53%
134W 125
124
125% 123% 184% 125
373 a7H 87% 3-.9i 37
37M 37%
1335< 133
1329^ 134
138% 133% 133
•48
49
48% 48% 48% 48% 48%
•96« 97^ 67% 97H
97
97
'98%
•186
941
].
Stock Exchansce— A Dailv, Weekly and Yearly Record.
New York
gaturday,
Page
'96 {114
Twenty-Third St— Stock.
Deb 58 1908
JAJ
395
106
Union Elall way—Stock... 190
Union Ry Ist Ss '4a.FAA 113
116
108
800
116
BROOKLYN.
Atlan. Ave., 1st
Con 58 g 1931
5s..A40 {107% 109%
A40
J4.1
B. B. AW.B. 5s 1988. AAO
Impt Ssg 1934
115
98
101
839
116
105
110
• •
• • •
lOiM
^40
Brooklyn City— Stock ...
Coneol 58 1941
JAJ
BklynCro88tn5sl908.JAJ
BkinHgtslsl 58l941AAn 104
««••••
1'kyn Q Co.A Sub— S«« St ck Bx. Uet.
BHvn Rap.Tran.- 8m Sto Ok Bx. List
THE CHRONICLE -STOCK prices (2 pages)
942
atOOKS-HIBHSST AND LOWESI SALE PEIOB8.
MeUurday,
Oct. 28
CM
54
Jtonday,
8^
11
54
70
37
86^
\SM 18X
31« 31%
185^
167
•15
•40
Nov.
7
7
53
13
71
70
70
3796
139*
36K
13
SIM
3694
82
83H
61H 61H
18% 14)4
56% 58M
19H 20M
1396
1394
55%
19H
67V6
1996
59
i
169
26
45
16
40
4ft
•155
15
40
17
4796
48<4
7SJ6
7%
8
2296
1H
22
11« 12
•60
30
179i
18
80!^
1794
55
65
65
•114
117
115
80J6
ie%
62^ 63
45H 4^1^
89
«7
33
150H
1601^
U49
37H
37
•80
87
117
63
45
97
93
J
55)^
160
26
45
77
4796
77^
7796
8%
58%
59
69
60
59
59H
SIM
59%
2096
30M 20%
57M 68M
12
31
56« 58
U13
117
8
221.^
115
17
17^
63H,
639*
459*
45H
45M
*95
•30
5116!^
17
63)^
4596
ilVl
52H
13%
589,
15
50
35
53
95>^
1196
6i9g
IS%
50
35
85
36
8?^
42H 42M
82%
4'^94
48H
93M 94H
97S,
97
85
1196
53^
1196
1294
46)1,
b694
86M
4094
43
82
82
49
94
12% laM
53M £S%
12^ 1396
44H 47
62% 53H
14^,
52
18
49M
35M 36^
86
87M
43
83
4
3%
3594
3696
86
87M
4296
189
189
188
19196
190
189J6 189^1^
21
57
5794
.
.
St pref.
1
Do
pref. (when Iss.)
raiMcellan'a $$tock«.
Adams Express
& Foundry
nierican Car
Do
I
pref.
American
36
new
L. B.,
45% 45% American Cotton
97
Do
Oil
pref.
District Tel ....
160% 150% American Bxpress
"\2
53M
18%
lee
pref
"iili
5396
American Linseed
13
American Malting
Do
pref
Do
47
47
pref.
38% Amer. Smelting & Refining
Do
3591 87M
pref.
4294 43% American Steel Hoop
82« 8294
Do
pref.
47% 48% Amer. Steel & Wire (new)
93% 9394
Do
pref.
43
19294
.pref.
2d pref.
Wlsoon. Cent, newtwh.ls.)
36% 36% American
Do
1589* 15896 American Sugar Refining.
Do
§118% 118i4
pref.
100
§99
American Teleg. & Cable..
8394 34% American Tin Plate
83
83
Do
pref.
122% 123% American Tobacco
146
Do
pref
46% 479* Anaconda Copper
145
145
Brooklyn Onion Gas
runsw. Dock&C.Imp't.
lb9i 19%
•144
3M
67%
•!'/«
56
123
189i
191
1,'!^0
9 J'ne
896Jan 6
64 May 13
4,53.=i
33MJan
3,260
9,490
100
17 Jan
36 Jan
("lolorado Coal
&
Dev't
I.
& Iron ....
12S%
Do
pref.
1""
Col. & Hock. Coa! & Iron
Colorado Fuel
42% 43M
93
4294
92%
9^]^
42M
4394
9394
4
93
H
41« 48%
92H 93
42
43%
9294
k»896
263
MtO
9,791
(N. Y.)..
33,813
11,082
Detroit City Gas
.
28
2b^
70M
71
15
•39
79
•102
86
87
1494
159*
42
77
39
39
77
8896
2896
no8« 109^
•8
65
• 20
47M
•93H
•35
•140
79%
79
10^
7994
40« 40H
^
28H
71k
15
108
20
•10
•110
108
40!^
25
2696
6894
15
70
•76
il01>6
40%
40^6
95M 9596
2896 2»
§108>^ 108!^ S108>^
38M
15
45
77
79
10
75
80
60
25
70
75
80
•65
•25
75
80
4T9i
9394
49%
47« 50M
145
'140
12%
•8
•8
94
138
13
9
138
1294
8M
39%
•39^ 40M
77% 78% 77
•102
•10
65
25
»«
87
»'94
13
8V6
•10
50
•68
•10
•10
25>6
65
20
50
S49
•10
•12
2696
8194
27%
82M 8394
«8>4 499*
48^ 4994 48
113
•112H 113H U8H
190 195 •190
•
135
88
135
'ISO
no
279*
83H
195
134
8896
;
20
50
48!^
*li9
88M 88k
Bid and asked prices
49
113
•
88
S1296
88«
sales
on
•49
•10
12
87
•88
i^ Do
29%
National Lead
•60
•20
49
94
75
80
48% 49%
145
94
40
150
36
149
13
13M 13%
1296
9
4096
11494
•8
8
49%
i",585
1,912
tr.
116%
58%
Bid
Street Kalli^ayn.
Oal.Cem Gr.&B'kynlst s 11 I
Oaney Island & Brooklj n. 330
1st 5b 1904
J&J 101
Ask.
118
103
6s certfs lndbtl910.J&J
101
B'kC.&New5s'39.J4.J «114
0r.8t.*New lst5s'06A4O
O'p't & Lorlmer St. 1 st 68
Kings Co. Blevat.— Stock
Incomes. ...
pref.
Do
Do
1st pref.
3d pref.
Do
(5*
76
A4C UB
IJtJ
96
3194
83
•190
195
'129
134
8896 8w%
191
180
50
12
12
5
195
196
133
195
78
114
98
Wagner
Palace Car..,.
eUs, Fargo & Co
188% 138%
'896 89% Western Union Telegraph
8994
Less than 100 shares, t Bx div. of 100 p. c. In bonds.
8^
(Givbk at foot of
Street
United States Bxpresx. ..
Uoit. States Flour MIlllDg
. .
4894
48% 49
113% 112% •111 114
this day.
65
20
60
Do
pref.
34% 3994 United States Leather.
Do
pref.
80% 83%
48% 49 United States Rubber
Do
pref.
112% 118%
85%
84%
Railway.
OTHBR
7
Ask.
107
116
116%
..
Cleveland City Ry
Cleve Clty-lst 5b •09.J&J
110
103
119
114
397%
84% 36%
101
102
108% 106
Oct 26
5
694Jan
ISMAug
8
409*Aug
3
9MN0V
69%DM
394Jan
DM
DM
35 DM
1094 DM
4396 Dm
85 Not
796D««
18
794Mar
S8%Dm
18%J'ly
78 Apr 100
78%ADg26
106
Jan 23
44 Jan 81
I4k0ci 30
33%DM
»97%Apr
88 Jan
6
6%Feb
15
15%Mar 163 Not
66 Mir 38 Aug
32 May 1180 Feb
5116 Ja. 13994Aiig
24
9096A1I8
J'U
88
76%Jly
Dm
107%Mar 146%AUB
Mar 116 Jan
Mar 5 98%Dm
103
988
8894Jan 16394 Sep
112MMar 135% Aug
140%DM
Mar
7%0ct
106
14
J'ne
19<N0T
MApr
17
88%Dm
Mar
Aug
Dm
90
65
994Deo
4%J'ly
183 J'ne 6 283MMar 11 164 Oct 306%J'na
20 Aug 18 50%Jan 31
37MMar 68 Sep
86MSep 14 97 Mar 13 839iApr 94
36 J'ne 21 65%Apr 17
78 J'ne 89 103%Aug88
63 Jan 4 101 Aug 18 45 Apr «7 Sep
9294Jan 13 120MOct 80
74%Nov 78%Oct
46%Feb 8 75 Apr 3 29 Oct 63
72%May 13 93%Apr 3 69940ct 85MDm
95%Jan 3 125MAug 3 76 Sep 97 Deo
48kOot 20 7694Mar 20 6696Dec 78%Dm
97 ijct 23 110 Jac 14 107%Dec 10996
97 Jan 3 117%J'ly 18 5 8794 J'ne 9694 De«
24MOct 17 68%Jan 83 48 Sep 67
67 Oct 30 95 Jan 5 86 Sep 96 Deo
10 May 6 36 Feb 87
39 Oct 30 63% Feb 83
6494Dec 67
78 J'ne 84 84 Feb 17 81 Dec 8a%Beo
61 Mar 4 81 Oct 18
37%Mar 6496Aa«
96%J'ly 18 102%May 18 85 Mar 96%Aig
5 Jan 85 39 Apr 85
6M<Ia>
8 Aug
39%Oct 80 68 Jan 21 3096Aug 5a%De«
959*Oct 31 107%Jan 19 94%Aag 106 Dee
88 May 31 40%Jan 30 26MMar 3996A^'i8
10 794 Nov 3 115 Jan 81
99 Apr 114%Deo
9%Dm
2 J'ly 18
8%Dec
8%Jan 12
9 Feb
4%Mar 17
894N0V
» O t 30
60 Mar 80 Jan
43 Apr 20 70 Oct 27
12%0ct SO Jan
13 Mar 17 26 Oct 16
4894J'ne 2 63 Apr 24
85 May 1
9996 Aug 11
43 Sep
36 Oct 87 43 Jan 85
40 Oct
118 Jan 3 830 J'ly 19
14 Apr 180 Sep
126k8ep
21MSep
7
6
Dm
Dm
Dm
Dm
6%Jan 6
6 Mar 83
37%Oct 14
1396Aug
4%Jan
794 DM
3%Jan
21 Apr 46 Dm
86%Mar 118 Not
8
10%Apr 87
Dm
Dm
K
I
Old stock,
liy
t
Bid.
Ask
95
106
»6
107
lis
no
.
Ex 100
p. c.
116%
s^
118
91
1796
1
Bx
118%
118
rlgbta.
HAIL WATS,
<Bc.
Bid. Ask.
8treet !Rnll ways.
Lynn&Bos-l8t5B '24.J&D «113^ 116
Metrop W. S.lChic).— Sff St. Ex. List.
Minueap St Ry-5s 1 9. J <fcJ «10S% 110%
'
30
82
By
101
IC3
Preferred
840
North Chicago— Stock..
JAJ $105%
1st 5s 1906-16
North Jersey St.— Stock.
3794 38%
City
.
Bonds
94% No Shore Tr (Bost)-Com.
60% 61%
111
stock dlv.
New Orleans
list.
CroHst'wn Ist 58. ...
115
Consol Trao Pitts- Sm P hl'a 11
110
Kansas City Bl 6s
5 90
Bonds 48
Lake St (Cblo)Blev-Stock
1796
J&J
deb 6s 1988
94M
Loulsv St Ry— 6 p bonds 117%
Preferred
31
83%J*n«
62%Mar
32%Feb
55 Jan 30
101 May 18 129%Apr 3
1,825 4494J'ne 1 61 Aug 14
1,872 78 May 25 91 Sep 7
2,472 156 Jan 30 30794Oct 20 X 132 Nov 816 J'ly
6
6,606 22MAug 88 33%Sep
3.823 69HOct 25 79 Aug 29
59 Sep 31 66 Apr 88 66 May 60968ep
3%Jan 10%Aug
6%8ep 20 16MN0V 8
58,378
17 Mar 3894
15,025 36 Jan 14 126 Sep 11
111 Jan 4 160 Aug 32 5 80 Aug 106
1,810 34 J'ne 1 46 Mar 28
S90 76 May 31 89 Mar 29
88 Apr 5 68%I>M
30 H6 J'ne 9 60 Jan 12
80 Oct 11 SSMSep 15
60 Sep
78%Sep 15
8WM»7
6%Apr
694J'ne 7 3994 Nov 3
410,182
539iMar 76%I>M
87,157 68 J'ne 1 84%Nov 2
14%Mar 48%A«g
6,848 4896Jan 6 67 Apr 6
60 Mar 113%DM
570 111 Jan 3 121 J'ly 8
300 181 J'ly 17 §305 Oct 18
100 1185 Jan 10 186%Sep 6 lil8%MV lls'lHbe'
SSMMar 06)iAug
6,88-)
e6960ct 13 98%Jan 94
Con 58 1913
M48
Columbus (Ohio)— Stock.
Con 58 1932.— Sw Phlla
Common
1
6
33,07'
Htreet Kaliwayn.
Cleveland iCleotnc
—
CITIES.
Citizens' St (Indlanap.)
18
l4%Feb
76kJan
44%Jan
oonsboutive Fj^Qua).— SI RE:ET
106
Bid.
NewWmb'K<St.l<llBtex.4%B
NY& QUB Co 5s 1946. A&O
Stein way lst6s 1 928.J ItJ
850
8,3a0
300
5,175
10
.
60
13,385
2,35S
pref.
NewOent.Coal (new stock)
149k N. Y. Air Brake
13% North American Co
40
90
198
20
54
30
2^5
700
National Steel
94s
Bridgep Tr-lst 58 •23.J&J J108
100
Buffalo Street Ry— Stock
Istconsol 58 1931. F4A 117%
M&N 5112
Deb 8g 1932
Chicago City RR— Stock.. 298
104
108
9
. .
117
50
18
13
54
80
50
32
567
pref
certfs
National Starch
Ontario Silver
40
409i Pacific Mall
eop'rsGa8-L.AC.(Chlo.)
115^ 116%
58% 58'^ Pressed Steel Car
10
4096
860
pref.
294 Nat. Linseed Oil,
75
88
94
•85
40
pref.
Do
10794 108m,
•60
8i%
49%
OUTSIDE SECURITIES
Bonds
Nassau Blec
6sl944
Ist4sl948
96
75
£0%
V.eVo
Louis).
. .
84M 2596
81% 8i
•131
29
10
40
145
145
8
596
•9
93%
(St.
Manhattan Beach Co
4-96 \] atlonal Biscuit
9
25
7,330
4,520
4,080
310
pref.
(fc
87>4
79
55
25
•10
4096
Do
Laclede Gas
Do
Do
pref.
8994
197% 197% Pullman's Palaoe Car
85% 85% T> epuulic Iron & Steel.
Do
pref.
70M 6994 70
59% 58% 591^ Silver Bullion Certifs.
tandard
Rupe
12
Twine.
9% 996
1296 14%
9H
15M
9M 1194
11794 119>« 11694 118
119% Tenn. Coal Iron A RB
11896 119% 118
116H 119
Do
pref.
26% 27% Union Bag & Paper
27M 87M 2014 2696 2694 26% 26% 87
•78
77
Do
pref.
79%
78M 79
79M 579% 79H «7996 7996
117h U894
•68
•10
'108
9
30
4894
114
114S4
103
80
77
79
103
80
10
40
40
40
39M 40M
H59* 1I3M 1141^ 113%
115
69« 59V
59
5PM «6894 5894 58M 58M 58%
8994 8994
8«« 89i4 89M 89^ •88M 89M 89
193
194
195
196M 195^ 197M 1198 197i« 198
84M 24^ 2496 2594 a4M 26% 25M
25%
«9i»4
71
6994
70
70
70
70% 70
70J,
•56H 60
•68M 60
•58M 69
58M 69% •58%
113
15%
159*
44
77
820
H. B.CTafiinCo
8696 International Paper
Do
7194
pref
1596 International Silver
44
Knickerbocker Ice (Chic.)
"(1
§296
9
•85
12% 12%
1596
115
26^
•40M 40^ 40% 40%
i96M 96k
29H 28% 2894 29
29%
108^ 1108 108 §109 109
•9
94
103
20
1115
409*
959*
9
9496
77« 78M
114
26% 26«
71
71M
45
77
10
9
40
145
114
89M 70
15M 1596
lOlH 102
9
94M
114
114
259< 26^
894Feb
68 J>iM
Feb
Dec
8 Mar
46
13
7
Dm
pref.
"930
119% 118 120i<
Erie Telegraph &Teleph.
639< 54%
6494 5594
173,665
64M 6996 58M 60M 6894 60% 68% 59% li'^ederal Steel
81a» r Do
78^ 78Ti 78H 79
79« 8094 7996 81
pref. 20,'550
80
81% 81
121^ 122
12194 183)^ 121>» 133
'181^ 123 1121% 181% 122 12294 General Bleotrlc
1.855
•50^ i,2% 52
?0
53
61
4,406
50« 53
52% 52% 51% 52 Glucose Sugar Refining.
•....
•97
100
27.*)
99 101
IIJO
100
101
•98
Do
100 100
108
pref.
114M114M 110
Jan
120 §108 Jan 3 §119 Feb 26
15 J'ne 16 81%May 25
5696J'ne 16 689*Pep
7
3 394 Mar 6 48 Nov 2
190 88MJan 5 97%0ct 28
360 30 Oct 18 52%Mar 3
145 133 J'ne 19 $160kAu 29
2,8^0 84 Oc, 16 41kSep
8
16 76kOct 18 85 Sep 11
2,611
894 J'ne 20 ISkJ'ly 82
3.435 44MJ'ne ^0 57% Aug 10
5,780 10 Oct 25 37%Jan 24
8,375 44%^ov a 87MJan 26
9,8(7 34%Oct 29 69 Apr 20
6,499 80 May 31 94%Apr 20
5,047 24 &iay24 46kSep ^5
8,830 70 May 13 8e94Sep 14
94,66:^ 45 Feb
8 78 May 4
6,048 92%Feb 8 10694Mar 13
301,807 123MJan 4 182 Mar 20
561 110 Jan 16 12 i Mar 20
203 §98 Jan 4 105 Apr 18
10,08f SlHOct 31 5294Apr 4
771 81 J'ne _ 99% Feb 8
37,414 t88%J'De 21 289%Apr 5
44U 132 Jan 4 150 Mar 6
41 Oct 24 70 Apr 28
13,63
965 135 J'ne 5 160 Mar 17
6,720
9%Mar 9 8096Aug 14
IOC
l%Jan 17
696 Apr 81
16,555 30%Feb 8 64 Sep 11
42% 43% Continental Tobacco
93
Do
93%
pref.
119
1
66
5,756
5,936
Consolidated Ice
Do
5%Dec
7MOct SO
24
6,5 5
.
192% Consolidated Gas
Highest,
Dm
Dm
pref.
Do
Do
6394
•95
•SO
82 m
50
83H 82!^
45« 4-M
4796
4796 49M
45H
93
U4
93
93H 9496 93H 94%
lBt« 154
153
15594 1619i 163H 152% 154% 15496 159
117^ 117H S118H 118M 118 118
117^ 117^ 117^ 118
ilOO
100
liOO
100
§99% 99% •98 100
599% 99%
aan 34
38
84
31^ 34H 84
85
34% 349*
8:j
82
»X1
•83
84
88^ 82^
8394 84
123 183H>
1^3% 121H 122h 12094 123H, 12296 123H
141
143 145
143
145
145
i^H 44
4o94 44
43
4391
44
43« 44
4596
1143
143
140 145 «145i4 14SM 145 145
19M l«9i
1894 1996
1^96 1998
>9M 1996
2
•1% 2H
•1% 2M
1% 1% •1% 2M
8M
S5« 5594 55
561^
54
56
55h
5494
56H 57M
•119 183
•120
133
119 122
>120H 12u« •119 133
•17« 18^
18^ 19
•17!^ 19
•17^ 19
18^ 18%
188J^ 18891
31%
20
83
6396
46
pref.
pref.
12% Wheeling &
31
88%May
(1898).
Lowest.
828,470 27 May
13 Apr
78,425 10 May 31
7 Apr
69,820 40%Jan 4 68MOct 30
8396Mar
11,400 17MJan
259*Mar 1
8%Mar 20%Dm
412 140 Oct
243 Feb 87 146 Oct 194%Feb
30 Jan
89 Apr 4 513 Aug 85 Sep
85 Jan
42 Mar 22
36 Aug 48 Got
38 Jan
73 Apr 17
16%Jan 38%DM
118 Jan
141 Feb 24 107%Dec 107%
64,907 38%J'ne 80 5096Feb 21
18%Mar 4496DM
21,851 78 J'ne 1 84%Jan 83
45%Mar 7496
5,934
7MJ'ne 19
24
8%Jan
6%Mar 9%An8
81,985 19 May 84 25%Apr 5
14%Mar 34MAQg
83,645
SMJ'ne 1 13 Aug 31
5,800 50 J'ne 29 64 Jan 30
18,922 21%J'ne23 82%Sep 85
22,187 13%May 24 81 Nov 3
5,312 4894May 26 59 Aug 28
Transit.
8% Wabash
Do
116% U14 114
17% 1794
17k
«97
11T6
76%
394J'ne 24
600
98%Jan
Ry
4fc% I Tnlon Pacific
Do
7796
Highest.
60i
pref.
Do
Twin City Rapid
Do
45
63
2396
2294
12V6
Dnluth
Southern PaolfloCo
22Ti
12
S8^
2a%
11%
•113
15
40
A
14
Southern, voting tr. otfs..
Do pref., vot.tr. otf*
6794
19% '^PeiasA Pacific
1- hlrd Avenue (N. Y.)..
157
86 Toledo & Ohio Central. . .
7794
896
239i
1296
5994
3194
e
2294
12
3094
19
19%
156
43
4796
8
\1H i»M
54H 56H
67
48M
2194
1194
6294
52H
4'2^*
47% 47^
Paul
Lowest.
2,600
.
St.
Mange forprt-
On basitofno-th're lots vUnu year
1,965
vot. tr. cts
lal.
Do
lit pref
Do
3d pref
St. L. & 8. Fr., vot. tr. otf s
Do
let pref.
Do
2cl pref
St. LonU Soathweatem.
Do
pref.
Do
•60
17
14
83
25
46
63>6
11%
86
20H
154^
156
25
46
63
•15
•40
•60
33
63
4096
1896
4194
14
577^
579*
1996
16%
'196
43
1894
1(1
62
45
11!^
8594
3796
39M
13%
St. J. & O.
11
7894
37J4
13
31
•60
17
"H
t'i%
•81
U
73%
97
34
30
34
34
35
•149
151
149
il51>^ 151M 149
158
37% 34K 36M x35H 36H 35M 37
*80
•79
82
82
88
82
182
34
61M 51^
34% diH
33
68
156
3094
45«
97H
-7^
3196
3894
1396
66!^
1996
6^ 47M
76% 77M
17%
16%
1696
81
3796
189*
N.
7
64
17
696
•63
17
'101
4
11% 12H
57
59^
57
Friday,
Nov. 3.
2.
7
64
17
37
13
60
63
62>4
46% il%
77M TJH
7% 7%
Nor.
1.
llM llM
71« 71H
13
*101
"isii
8896 '3996
ao
1C7
85
•63H
3194
•60
101
3896
63
38M
18M
56M
•694
53
Wednesday Thursday,
31.
17^ 17H 17^ 18
U 11^ *10% 11«
18
11
86
•60
•101
Oct.
7!4
5494
69<
54
•17!iS
Tuetday,
30
Ocr.
[Vol. LXIX.
2.
Bange for year 1899.
aalet
of the
week.
Shares
STOCKS.
Y. STOCK EXGH.
Page
91%
95%
16
16
87
85
Preferred
.•rov 4 Pawt'ck-lst 6b '33 }113% 11594
Inter •at
i Raver pavs aoorneil
Nov.
THE CHRONICLE -BOND
1899.]
4,
BONOS.
N.Y.STOCK EXCHANGE
Week Endino Nov. 3
Alabama Cent. See Sou Ky,
la^amaMid l8tsa(;.1928 M-N
Albany &Sa8q. SeeD&H.
Prict
Iriday,
Xov. 3.
Bid.
ChlcA
St
since
Jan.
1.
Ask Low. High. No. Low. High
101
98
J'ne'99
BONDS.
N.Y. STOCK EXCHANGE
Week Ending Nov. 3.
102)iJ
Ch I & L(Coa)
1995 A-O
1995 NOTt
1995 Novt
1902 J-J
Sale
Sale
83
Sale
93^
9-5g
93
83
«9}4
Sep.'«9
379g
83
Feb '99
lOlH
Av Bklyn imp u 58. .1934 J-J
Atlan & Uanv See Sooth Ry
Atlan & Yad. See South Ry
Atlanta & Char. See Sou Ky.
Austin &NW. See. SoPac.
Creek & S. See Mich Cen
Bat
alt & O prior g 3>^s.l925
J
Atl
110
108
Jan.'99
Bel
& Car.
157
96^
Sale
U4«
9tH
9t<
Bale
98«
99H 351
90
91
vtl
93)4
100%
96
16m
107M
108)4 112
J'ne'99
J'ly'98
no
ice'
no
104^
104H
116
115)4 117)4
104)4 108)4
97
lU4)i
108
106
108
139
129
127
103
J'ne'99
Sep.'99
111
107
127)i 129
127
130)4
.
Apr '97
171)4
112
Aug-99
122)4
119)4
118)i
137)4
106)4
116
111)i
105)4
J'ne'99
119)4
121
125
145
Oct.*99
120
i20H
118)4 123)4
129 132)4
1 120)4 123
11 1185^ 124)i
118)4 12594
110 112)4
122)4 122)4
May'99
119
lis
J'ly '99
137)4
123
118X
1S7H
May'97
112)4 11
Oct.'99
111)4
16 108)4 114^
Feb '98
• .
..
116
111
117)4
110)4 110)4
110)4 Feb '99
CRl l-'&NWlstg 58.1921 A-O
South Ist Ss.. .1908 J-J 107^
8d5s
1913 M-S 108H
Registered
1913 M-S
105
108)6
,
lOH
106
Carb & Shawn. See 111 Cen.
Car Cent. See Scab & Roan.
Carthage & Ad. See N YC&H
105
105
Jan.'99
UlM
107)4
107)4 112
108H
1U8>»
Jan
110
106
0ct.'99
'97
Ext&lmpsf g
CRlaF&N. SeeBCR&N.
UP lstg48.1948 J-D
85
89
,
Central Ohio. See Bait &0.
CenKR & B of Ga— Col g 08'37
M-N 97
Ry— Ist g 58. 1945 F-At •118«
Registered
1945 F-At
Consoi gold 5s
1945 M-N
93H
Registered
1945 M-N
36
U8«
Apr '99
118K
93^
97%
97)4
Oct.'W9
96
Sale
38
6)4
95
96
102
110
96
91%
36
11
e
Aug'99
M&
100)i
9 7M
37%
38
10
7k
1946 J-J
1946 J-J
1947 J-J
95
116)4 12.3
loe
120
J-J 130
J-J 1065^
J-J
J-J
J-J
J-J
A-O
A-O
1917
General gold 4s
1988
Regisiered
1988
Des
Ft D Ist 48... 1905
l8t8)4s
1905
Extension 4s
1905
Keok&DesM 1st Ss.. 1923
Small
1923
Reiiistered
Cent of Ga
let pref income g 58 ..1945 Oct.*
2d pref Income g 5s... 1945 Oct.*
3d pref incomeg5s...l945 Oct.t
89
89
F-A
58. ..1929
10
6
97^
44)4
IS
rhic&Si I.
Ch ic St L &
7)4
Dec '98
Mobile Div Istg 5s
J'Iy'98
Mid Ga & Atl Div 58.
102 102
J'ne'^9
Centof N J-lst conv 79.1902 M-N
109)4 112
Sep.'99
Convertible deb 6s
1908 M-N
112)4 112)4
112)4 Mar'99
General gold Ss
1987
68 113)^ 122)4
J IIPK 3al» liy)i 119)«
Registered
1987 Q-Jt 117>4
117 Oct.'99
112)4 121)4
Leh &
B C con as 78. 1 900 Q-M,
98^ 102)4
lOOJi 100)4
lOOX
Ss
1912
108 Oct.'99
87Ji loa
Left Hud Rgen gug5s.'2 J-J
Dock & Imp Co 58.1921 J-J USH
114
115)4
116)4
116M
Cent aciflc set S Pac <'o
Charles & Sav St g 7s. 1936 J-J 120
Ohes & Ohio— G 68 ser A. 1 908 A-0+ 115
.... 115
Oct.'K9
111)4 119)4
Gold 68
1911 A-07
119
12 1?< Aug'99
118)4 123
11M)4 121
1 8t con g58
193^ M-N 116)4 Bale II6M1
119X
Re istered
1939 M-N
117 J'ne'99
116)4 118H
Gen gold 4!^s.
1992 31ISl
95
90^ 975i
95)4 Bale
95)4
Registered
1992 M-S
92% 97%
97% Aug'99
R & A Div 8t con g 48 1 989 J-J
108
104
104 Oct.'9w
2d con 1148
198* J-J
100
100
99
100 J'ne'99
Craig Galley Istg S8..1940 J-J
95)4 May'98
Warm Spr Val Ist g 58 1 94 M-8
101
'99
101)4
101)4 Apr
Ellz Lex & B S gu g 5s. 1 902 M-S '100)4
100)4104
101
Oct.'99
Chic & Alton sink fd 68..190H M-N
108
109 J'ne'99
1109i
lK)u&MoKiv 1st 78.. 1900 F-A
103«4 Oct.'9«
103^107)4
2d78
1900 M-N
106% 106%
106% Feb '99
MlssRivB Istafg 68..1912 A-O
Chic Bur
Con 78... 1903 J-J 113H
113)4
U4X 17 113 inn
Sinking fund Ss
1901 A-O
105 Mar'99
104?4 105
"18
Debenture 5s.
1913 >I-N 109)4 Sale 109)4 111
109)4 113
Convertible Ss
1903 M-S
130 Oct.'99
125)4 151)4
Dlln..i8 Div g 3>»B .. 1949 l-J
104
10S% 104)4 19 103% 104)4
Reglst-red
191H -.
Iowa Div sink fd 58 ...1919 A-O 112
11554 ii8«
11854 Sep.'99
4b
1919 A O 105
105
105
103)4 107
Denv" biv 4s! !!!!!!!*.!! 1922 F-A
101)4105
103 Oct.'99
Southwestern Div 4a.. 1921 M-S
lOS
100
100 Apr'99
Chic & Iowa Div Ss. ... 1905 F-A
105
105
lOS Aug'OO
Nebraska Exten 48
1927 3I-N 109)^ loe^ 111)4 Oct.'99
105% 113%
Registered
1927 M-N
lllH
111)4
111)4 J'ne'99
Han &StJos con 6s.. .1911 M-S '120
124
19 120
120
120M
Chlc&EIll. Istsf cur 68.1907 J-D
114 116)1
lliH Oct.'99
Small
1907 J-D
l8tcong68
1934 A-O •135
134
139)6
139)4 Sep.'99
Gen con Ist Ss
193 M-N 114 Sale 113H
109)4 117)4
116«
Registered
1937 M-N
103)4 Nov 98
Chlci Ind C Ry Ist Ss 1936 J -J •109
107
107
107 Ang'99
Chicago & Erie. See Erie.
Chic Ind & Louisville LiOulsvN A&Ch 1st 68.. '10 J-J
118)»
114
114
Oct.'99
Chic St
Chic St
N.^
AtchT&SF-
N O.
See
Sep.'99
J'ne'99
Oct.'99
115
116
106
1055^ Mar'99
118
118
118
123
108
111)4
Sale
.
1
110
Oct.'99
109)4 Mar'98
118 J'ly '99
Chic&WestMich Ry
Coupons
off.
H 4 D con s t 7s
1
D
? D
932
5s.l921
1921
A-O
2dgold4)4s
J-J
CinD&Il8tgugSs...l94l M-N
CIStL&C. SeeCCC&StI
Cin
t
1
1905
1937
ClnS&C. SeeCCC&StL.
City
117)4118"
IIIH Feb '98
106
Aug'99
109
106% Feb '99
106% 106%
107)4 108)4 Oet.'99
102)4 110)4
Nov'98
1079i May'98
103
108
124
Oct.'98
J'ne'99
124
Aug'99
114
186
Sale
136
105)4 Feb '97
180)4
120)4
125
144
140
140
141
Oct.'99
124
117)4 117)4
117)4 Feb '99
111 Jan. "99
105
Sale
114)4J'ne'99
131
131
Sale
182)4 Aug'99
107
105l<.
107% Apr'99
96
8ep.'99
87)4 Aug'99
98)4 May'99
109 Oct. '99
136
134
140
Sale
134
111
113
136
111
114
143
11794
129"
140
140
146
140
114)4
131
132
321 10454
105J4
96
114%
136)4
134)4
110«
107%
98)4
87)4
98)4
83
98)4
114
109
&SRy Bait Istg Ss
136
141
127)4 138
137
134
Sale
I
119
99
•108
112)4
97)4
140
Mar'99
129X Oct.'99
1
.
General gold 68
Am
110)4
10S5i 109
119)iDec'98
109
120
116
Cent.
111
L& Pitts. See Pa Co.
P M & O con 6s. 930
J -D 137
Ch StP& Mtn Ist6s..l918 »»-N •132
Nor Wisconsin Ist 63.. 1930 J-J
StP&SCltyl8tg6s..191fi A-O 128
98
Chic Ter Transfer g 4s.. 194 J-J
Ch ik W est 1 1st 8 f g 63. 1 9
M-N •103
'
142%
Sep.'9w
120
116
106
1
Mich Div 1st gold 68 1924 l-J 140
Ashland Div l8tg6s 1925 M-S
Incomes
1911 M-N
93^ Chic Rock 1& Pac 68.... 1917 J-J 131
121
126
121
125
J'ly '99
145J4
111
115
112)4 114
.
.
109
116
116
98
106
120
100
Oct.'99
99)4
120
103)4
115
J'ne'99
9S
97
102
99
95)4
J'ne'99
87
Ang'98
120
100
15
140
128)4 131
93)4 102W
106
"6 120
3 100
106
123
100
Aug'99
99J4 99)4
120
120
Oct.'e7
Oct.'99
112
115)4
J-D
1922
4 Mah. See BR&P.
ClAk&Ceq&2dg68.. 1930 F-A
CCC & StL— Geng48 1993 J-D
Clearfield
I
99
94)4
95)4
J -J '90
Cairo Div ist gold 48.1939
M-N
M-N
M-S
WW
J-J
01nW4MDlvlitg4i.l991 J-J
Oln I St L4Clatg 41.1936 Q-Fb
Raglitered
1936 Q-Fb
C I St L .t C c<iTis 8g..l920 M-N
OlnS & CI con Istg Si. 1928 J-J
8tLDlvl8tcoltrg48 1990
102)4 Sale
1990
Registered
Spr & Col Div Istg 48.1940
Val Div Istg 4s. 1940
&Q—
W lit pf 7i ..1900
0Ind4 W litpf Si... 1938
iBd Bl
4
n
J -J
Peo4
Bait lit oon 41.1940
1990 Apr
41.,
Coniol 7i
.1914 J-D
'C C & I consol 1 f 71.1914 J-D
«en ooniol gold 6* 1934 J -J
1934 J -J
Beglitered
0*8 lit M C C C A 1 7I.19C1 A-O
ILOT* Whoon Ist 58.1933 A-O
Income
.1
• No price Friday; latert bid
160)4 '72)4
160
174)4
161
172)4
112)4 122)4
l'l«
112)4 Aug'99
1
W
108)4
119)4
6 161)4 173
lllM
. . .
1
1906
1934
1934
.
.
il«T * Marietta. See Pa RR.
11*T i Mabon Tal g St.. 1938
1938
B«glit«re<i
3l»y i Pltu. Bte Penn Co.
Mldl'd— litg3-3-4i.l947
1947
Col 4 Sou Istg 48
1929
3ol4 9thAv. SeeMetBtRy.
Tolnm 4 Greenv. Set Ho Ry.
7ol
litg 4i
131
Sale
106
J -J
99
99
95
»7
108
104M
118)4 J'ne'99
103)4 Apr'99
118)4 118)4
103)4 103)4
85
27)4
102^
May'99
96)4 Apr'99
104)4 Aug'99
36
25
87M 96
95H 97
9994 103%
10
85
20
21)4
138)4 J'ly '99
131
17
8954
88)4
17
33
135)4 138)4
131
131
137)4
108)4 Feb '09
105)4 Oct.'99
108)4 108)4
106)4 106)4
184)4 J'ne'99
128
184)4
68
A9
76
90
Qn-J
I
<
- J
- J
F-A
63
...
71)4
72)i
8£54Bale
63)4
71)4
85
64%
74
71)4
85)t
74
70
8454
6
4 H Val. See Hock Val.
IM Conn * Term. S«# N*w
Col
and MkedthU week. tBondidueJolr. tDueNor. IDueJone. IDneJan. IDoeMay. aOpUonMaM. bDueAa«^ cDne April.
OUTSIDE SECURITIES
Bid.
17
Aak.
107
109
84)4
1»)4
S^H
90
92
32)4
81)4
93)4
88)4
88)4
33
92
4b
94)4
Dn'd Tr*Eleo(Prov)-8t'k
(08
Wcit Chicago
119
M4N
123
. .
Canada
SI
1989 J-JS
J-D •isii"
Q-F
J-D 111
190i J-D •111
Registered
Sinking fund 6s lH79-lH'ib A-O
Registered ....1879-1929 A-O
Sinking fuDdSs.. 18^9-1 929 A-O •108
Registered .... 1879-1 929 A-O
Sinking fund deb Ss. 1933 M-N 118
Registered
1933 M-N
25-yeardeben nre 5s. .1909 M-N •108
Registered
1909 M-N
30-year debenture 5s. .1921 A-O
Regis ered
1921 A-O
Extension 4s. .1886-1926 F-A 110
.1886-1926 F-A
Registered
Gen Gold 3)4s
987 M-N
Registered
987 Q-N
Escau & L Sup Ist 6s. 90 J -J
Des Mo & Minn Ist 78.1907 F-A
Iowa Midland Ist 8s... 1900 A-O
Wluona & St Pet 2d 7s 1 907 M-N
Mil & Mad Ist 68
1905 MOttCF&StP 1st 5s ..1909 M-S '108
North Illinois Ist 5s... 1910 M-S '108
Mil LS&Wlstg6s... 1921 M-N 186
Convertible deb 5s.. 1907 F-A
108
98
97j4
M&StLl8tgug78....1**27
Onn 19SH
111)4 Bale
1913
Chic* ^orthw— Con 78.1915
19u2
Gold 78
109H
•97J<
Buff & Southwest. See Erie.
Buff&Susq lstgold5s..l913
Registered
1913
Street Kall^vays.
11C)4 Bale
1st consol 68
116i^Oct.'99
Cl&JMah l8tgug58...1943 J -J
koohester Rv
A40
Con 58 1930
J4D
8d6B 1933
f O Side Bi (Chic)— Stook
1946
SyracuieRap.Tr., 5s,
Union Trac (Chio) Com.
Preferred
United Rys (St L)—Com.
Preferred
110
1916 J -J
Registered
.
M&NDiv IstgSs
132
113
•120
120)4 Bale
•126
Mil&NolstM L68...1910 J-D
I
Cen Branch
i'l'g"
1
171)4
8 92
22 104
172)4 Sep.'99
169 Ooi.'»9
172)4 Sep.'99
120)4 Sep.'99
120)4 Oct.'99
121)4 Oct.'99
130 Oct.'99
109)4 Dec '98
120)4
120)6
121
120)4
122)4 Aug'99
J
J 119
•129
100
109
100
Reiiistered
1989 Q-J§
3)4s series B. 1 989 J-J8
Bklyn Rap Trg Ss
1945
BkCitylstcon 58.1916. '41
Registered
J
1C8
Gen gold
111
Bway&7thAv. SeeMetSRy
Conlst&coltrgSs
169
1R9
169
169
169
.
M
BurCR&Nl8t58
J
J
J
.
Dak&GtSog53
96^
90
lul
See Illinois Cent..
See
K & T.
.
Sale
Sale
J-J
J-J
IstHast&D Div 78.. .1910 J -J
5s
1910 J-J
Chic & Pac" iJiv 6s!
91 J-J
Chic & P W Ist g 58. 1921 J-J
Chic & Mo Riv Div 5s. 1926 J-J
Muieral Point Div Ss.. 1910 l-J
Chlc&LSu Div gSs.. 1921 J-J
Wis& Minn Div g Ss..l921 J-J
Terminal gold 5s
1914 J-J
Far& Soua8sug68
1924 J -J
Cont sink fund Ss
1916 J-J
! ! !
1.
100
108
lstLaCrosse& D 5s. .1919
1910
1st So Minn Div 89
110
tinee
Jan.
Last Sale.
J-J
J-J
Gen gold 4s series A. .1989 I-J5
.
A-O
J-J
.'41
BkQCo*Scongug58.
M-N
Bklyn Un Ei Istg 4-581950 F-A
Bklyn & Montauk. See L si
Bruns & West Ist g 48. 1 938 J-J
Buff N y & Erie. See Erie.
BnffR&PBen g 58
1937 M-S
Debenture 63
1947 J-J
Roch & Pitts Istg 68. .1921 FA
Consol l8t6
1922 J-D
bs..l 90V(
.
- J
1925
Gold 4s
1»48
Ot
Registered
1948
ot
South wDiv lstg3i^».1925
-J
Regi't-r d
.7. 1935
-J
WVa&Pl8tg5s
Iv90 A-O
Monon Ulv l8tkUK5s.l91l« F A
Cen Ohio Rlst eg 4^8 1930 M-S
Pitts & Con 1 8t g 48. 1 946 J-J
Beech Creek. See N Y C 4 H
Boonev Bridge.
1908
Southwest Div
1st
Reclstered
.
Istl&D Exten 7s
Range
1^-
Ask. Low. High. No. Low. High
Chic Mil
97Ji 103Jg
1021^
100
704 78
88!i
83
83?i
.
-
1
.
Week's
Range or
.5^ Bid.
lstC&M78
1903
& St P con 78. 1905
87H 99«
11
381
M-S
Lou l8t88..1»>f
ref g 5s. .1947
1947
Refunding g 6s
Chic Milwaukee & 8t Paul—
943
1.
PTnce
Friday,
Nov. 3.
lst78£goldRD....1902
9^
89
Page
(5 pages)
M & St P— 1st 7s »g R D.'02
AtchT&3FeBeng48..1995 A-O
Equip trser Ag 58
Range
Last Sale.
96W
Allegheny Val. See Penn Co.
Am Does il. SeeCenofNJ.
Ann An or iRtK 48
1995 Q-Jt
Retnstered
Adjustmetir g48
Regi8terod
Week's
Range or
PRICES
107
119)4
tl06)4 108
(Given at foot of
Ga*
Securities.
Bid.
Worcester (.MasajTr-Com
Preferred
Deb
Bqnlt Gai
lit 6b 1899
Con. 58 1933
Mutual Gas
N.
M4N
5i 1908
,
F4A
M48
106
i
YStk Bxob
coifSEcuTivB pages).— fi'^/S'
Gaa Secnrltlea.
N T Klec Lt Ht 4 Pow 48.
Gold Si
N T 4 Bast River Gaa—
lit Si
1944
J4J
Consol 5i 1945
J4J
1st 5i 1087. .M4N
Standard Gaa— Common.
Do preferred
108)4
118
lit Ss 1930
MAN
{113)4
106
116
JlOl
110
118
Nor Cn
270
390
BROOKLYN.
Brooklyn On Gai— N Y 8t
lit con 5»— N Y Stock
Amiterdam Gai, Com
Pref
lit ooniol 5i
Aik.
104)4 105)4
NKW
rORK.
Cent Union Gaa— lit 5i
Con Gai (NT)—Stock—
7
•«•••••
{
29)4
30'4
65
96
67
97
Williamsburg
Gaa— Ist
Bid.
90)4
103
110
100
94
110
143
116
Aik.
91
105
113
119
96
115
118
ook B zoh
Bzoh.
108
Ci jino
SBGURITFEis.
Gas
Secnrltlen.
UTHHR
<go
Bid.
Aik
ClTlaio.
Baltimore Consoildat— Se eBalt.
Ii)'
IM
Bay State Gaa—
Incomes
Boiton OnltedGai Bonda- -Boato nLlat
10
9
Buffalo City Gaa— Stock.
80
86
S
1st 5i Bondi
^loago Gaa— See N Y Sto ok Bz on.
103
loero Gaa Co lit 6i
mdnnatl Gaa 4 Coke..
184
Olty Oai jNorfolk Va)...
lit 6i
»And
tnT«r«i<t
tPrlce in«T •h
18«
• • • • •
THE CHRONICLE-BOND
2U
BONDS.
W.2
N.Y.8TO0K EXCHANGE
Wbbx Enbikc Nov. 3.
Oozm & VM RlTI iRt g 4s. '43 A-0
Pnu
Week's
Friday,
Soc. 3.
Bange or
Last Sale.
Low
Ask.
Bid.
Bangs
'B'tt
y
H. Y.
1.
High. No. Low. High
Dak&GtSo. iS««CM&8tP.
W
Beglitered
126H J'ne'99
128)4 128)4
14l?6 8ep.'99
107 Sep.'98
1059^
105H
lilH 8ep.'99
140
Oct.'9b
138 J'ly'99
123 Sep.'99
1081^^ J'ne'90
141)4 144
1249i Aug'99
.
108
Ang'98
146
143
8ep.'98
Bei M Un Ry lit g 5i. .. 1917
••tM&Tol. SeeLS&MBo.
M-N
'105
Dat&Maok litUeng4i.l995 J-D
1995 J-D
Oold 4
Dal & Iron Range litSi.1937 A-O
74
1937
B«glit«red
BlglD Jol
&B
let g 58.
1941
. .
8eeC&, O.
Blm Cort & No. <8«eLeh&NT.
1947
rie liteztg 4i
1919
tdeztgold 5s
1923
Sdeztgold 4Ui
1920
4ttaeztgold 5
1928
Ctbeztgold 4i
lit ooniol gold 7I.....1920
lit oonsol gold fd 78.. 1920
IiOng Dock con gold 6s.l 935
& Brie 1st 71.1916
Buff
NY
Bnff&SWgoldd
1908
8maU
1908
May'97
192
132
115 117J4
114)4117)4
160)4 1S4
116J< Aug'99
1 1 6H J'ne'99
164 Sep.'99
141
Jan.'09
90
99H
108
106
Oct.'99
909i
Oct.'99
106)4
17
13
92M
114
M-N
106
Apr'99
107)4 108
72i4
Oct.'99
68
106
M-N
M-S
M-S
A-O
114
115
122
reb.'9fl
118
Oct.'99
121
May'99
114
Oct.'99
Sep.'99
121
J-D
M-S
M-S
A-O
J-D
JJ-J
148
143
42
140
121
121
108)4 108)4
139)4 14S9(
Dec '98
106
Feb '99
148
Sep.'99
1
'105
Feb '99
116H 116H
Oct.'99
'117
. .
109
Oct.'98
91
014^
82
93M May'99
"35
70)4
71
02M
Sep.'99
Aug'ifS
Oct.'99
J'ly'99
"0*894
ios)i
120
133
66
135
NOT'97
106)4
• • • • •
I
• • • • • I
100
183
Sep.'99
105)4
131)4 13594
100)4 107)4
•••••• ••••#•
• • • • •
• • • •
J'ly'99
08
Aug'99
103)4
103)4
105
105
100
101
• • •
IUInols Centralist do d 4s
30
6
101
••••••
•
•••••
•
77
62
tttt
•••t
87)4
8694
Aug'99
OoUTrnstgold 4s
Beglitered
4 Tez gold
4i
Beglitered
price Friday
1952
1952
1963
1958
100
101
Ga» Seen rl e».
U 4 L (F storla) Ss.
Col Gas L 4 Heat- Com..
Preferred...
i
J-J
J-J
A-O
M-N
101 M
J4J
1930
Sale
Deo
10*3'
iod"
May'OO
Leh Val (Pa)
08
65
90
Ask.
100
70
92
82
87
23H
31)4
88)4
67)4
• • •
Bonds 58
Oonsnm Gas
114
lOS
M4N
Oas— See N Y Bzo
& Hudson Gas
NY
coll
••
101
88
106
103
h. lUt.
42
4S
Cent.
g 61.. 1997
Registered Ss
LehVN Y
•107
120
96)4 Oct."'99
81
93)4
94
105)4
101)4108)4
May'99
133
137)4
127)4 Oot.'99
183 8ep.'98
180
1289i
Apr'99
100
100
62
113
•
104)4
i06M
121
H'eb9e
131
101
MU
Sep.'99
104
131
104
104
J'ly'99
l>OV'9bi
102^106
a6>4
02)4 Sale
M-S
J-D
1997
J-J
A-O
M-N
M-N
lit gDg 4)41.. 1940 J
Registered
I94u
J
Leh VTerRy Istgn g5sl941
82
82
114)4
115«
68)4
....?.
104)4 108
121
128)4
91
106)4
184
Oct.'99
92)4
92)4
60
107
66
117
Sale
78)4 852
71)4
589i
75
114)4 Bale
108
-J •no
-J
101)4
105)4 107)4
07H 104)4
•:12
•111
10794 116V4
112)4 NoT'98
108 J'ne'99
108)4 1*0794
103)4Apr.'9b
106
10494 107
10494 1049<
106)4 J'ne'99
10494 Jaa.'99
103
103)4
101
Mar'9
11
107
103
Ou»
Securltlea.
Wayne (Ind)— Stojk
1st 6s
1925
Grand Rapids— Btock
J4J
1st 58 1915
F4A
Hartford (Ct) Gas L... 25
Indiana Nat4 lU Gas— 8tk
1st 6b 1908
M4N
Indianapolis Gas— Stock
Ist 68 1920
M4N
Jersey City Gas Light
Laclede Gas— N Y Stock
Lafayette (Ind) Gas— Stk
M4N
lit 61 1924
Bid.
113
Aag'98
110)4
108)4
114)4
100)4
101
Oct.'99
Oct.'99
08
100
107)4 108)4
114)4
100)4 110
lis
Ang'99
Oct.'99
Aug'99
96
Feb
91)4
'00
101
98
•••••• •••••
9994l019i
ioi'vi Sep.''99
35
Oct.'99
88
88
134)4 J'ly '99
130
184)4
96
96)4 Oct.'99
'
General gold 4i..
1088
1032 M-8
Ferry lit gold 4)4
Gold 4i
1032 J-D
Debenture gold 6i.. . .1084 J-D
aLitied g 48
1949 M-S
litg6
1927 M-S
N
con g5i.. 1935 A-O
Bklyn4Mon lit g 61. 1911 Mlit 58
1911 M-8
Nor Shblitoon g gQ6i..'82 y-o
La 4 Mo RlT. See Ohl 4 Alt.
LB 4 St L Con en g 61 Tr oerU
1943 M-8
General gold 4i
Lon 4 Nash— Ceoel Br 7sl907 M-e
4Mlitg 6r
1930 J -J
8dgold6
1930 J -J
BH4Naah litg 6i...l0ie J-D
1930 J-D
General gold 6s
Pensaoola div gold 61. 1920 M-8
1921 M-S
BtLdiT iBtg 6b.
1980 M-8
8dg3s
1900 J-J
Naih4Declit7i
8il)kfd(B4A)g 6i....l910 A-O
98)4
95
85
05
,
Y4RB
NYB4MB
B4NAoongag6i....l936 F-A
1937
1940
1940
66
g4i
4i.
.
.1987
4)4i,.;.1931
106
132)4 Sale
120
'
:i3
116
100
Man
*98)4 Sale
111
•108
•108
112
95)4
100)4
Apr '00
100)4 100)4
60
8
106
182),
131)4
114
120
100)4
6894 273
Oct.'99
NOT'O?
132)4
J'Iy'99
'e
Oct.'ft9
Oct.'99
109)4
Dee '98
Oct. '99
Oct.'99
9«)4
98)4
112)4 Oct.'99
108H J'ly'99
1
38
62
t
• • •
47
78
6
10
18094 188)4
117
118
118
107
188
114
131
100)4
61
108
103
6794
106)4 109)4
110)J
94% 100)4
106
07)4 101
114)4
110
1089<
110)4
90
08)4
06
116
1139<
1319i
••• ••••••
Ry.
Due January.
134
1
130
120
lS2MOct.'09
44 11894184
131
186)4
134
Oct.'99
1339< 137
134'
Oct."'99
isi"
Due October. iDneJuJy. aOpUonaL
Ask.
Bid. Ask.
Qa» Secnrltlea.
Loganspt & Wab Val— Stk
48
62
J4D 67
1st 6a 1925 ..
70
Madison (Wis) Gas— Stck
80
84
A40 no7 111
1st 6s 1936
44
49
Ohio 4 Indiana— Stock...
J4D 64
Ist 68 1926
88
Peoples Gas 4 Coke— N Y Stock Bxoh
Philadelphia Co— See Bos ton L iBt.
43
45
Bt Joseph (Mo)
93
J4J
95
5s 1937
66
58
St Paul Gas— Stock
Consol 5s 1944.... M4B i 88)4 00
Gas 8«cnrltl«s.
Syr'seGas— iil Ss '48.J4J
Western Gas (Mil w)
Gai—Stock
50
100% 103%
SECURITIES,
ayraouse
100
107
Mar'98
106)4 106
106)4
118)4 11794 Oct.'99
102)4 Sep.'99
J-D
M-8
M-S
L«zAT4PFlitgag6i.'03 M-8
Registered
M-S
I
100
107
109
1943
Beglitered
Ool40ttaATlitgag6a.l0e3
1093
Beglitered
April.
Jan.'99
Jan-'OO
111
108
108
1089< Aug'99
Oct.'99
108
106)4
01
98)4 Oct.'99 "di
103 Jan.'98
10
08
96)4
98)4
tfttStBygenctrgSi..l997 F-A 119)4 ..•
Bway47thATlitog 61.1943 J-D 128 126
tDue
100
107
110)4 109)4 Oot.'H9
106
10e)4 106
Bale 100
100)4
iOO
1899 M-N
Sd6i
Colonic g 61 ... 1 934 J-D
if an 8
Market StORy Iitg6i.l9l3 J -J
IIOK'pt4BV. SeePMcK4Y
ICttropoUtan
J'ly '09
185
88
108
61
L 4 Jeff Bge Co gng 41.1945 M-8
LNA4C. SeeOI4L.
LanliByColitoon g6i.l930 J-J
4/1 ahon Coal. SeeLS4M8.
Uanhattan By oon 4i.l990 A-O
Metropol Bl lit g 6l.. .1908 J-J
El. See
Sale
9
'
•
M-N
J-J
J-J
A-O
F-A
M-N
M-S
F-A
J-J
M-N
108
101
101
06
00
>••••• •••••«
116
105
96
N0
Gold 6
88
oonsboutivb faqe3).—9AS
55
60
74
77
106
104
106
t 43
68
78
70
76
106
108
106
260
•••t
Bxoh.
60
60
72
78
106
105^113)4
7
(Given at foot of
Fort
114X
104
90)4
W
J'ly'99
111
116)4 laiw
103)4 114)4
120
ISO
114)4
114H
103)4 Oct.'99
Long Dock. See Brie.
Long lil'd— lit con g 61.1081 Q-J5 132
102
Istcong 48
1031
li4N4M&Ml8tg 4)48.1945
NFIa4ei8tgug5s ..1937
107)i J'ly'99
108 Oct.'99
113H
M-8
M-B
A-O
A-O
M-N
M-N
Ooniol Gas (Pitts)
Pref
City)— Stk
S«e
Col tr 5-20 g 48 ....1903-18
Peni 4 Atl Iitgug6i.l921
1931
Ooll trust g 5s
35 100)4 103)4
101
105
100
J4J «105)4
Oai(NJ)— Stck
M 8.
L0tn4Lexg
Bid.
1 1
4
Kentucky Cent g
OUTSIDE SECURITIES
1933
8
these are latest bid and asked this week, t Bonds due August.
Olty
1941
61.. 1945
Beglitered
99H 106^
'98
1001^
1961 J-J •111
1051 J -J •109
1951 J -J
1951 J -J
Registered
lit gold 3^1
Beglitered
lit gold 3s sterling, ...1951
1951
Beglitered
Essex
<
110
SW
W
D«trott
I
See Pa Co.
See 8t L
T lit g 58.1933
Honit B 4
Hoos 4 Tex Cen. Sm So P Co.
(J
10894
130)4 184
100)i 107
• • •
L
Unified
105
106
Ga 4 Ala Ry
1st 6s
113)4
106
122
W
W Har 4 8 A.
lit 5i
77
06
102)4
111)4 111)4
101 Mar'OO
J -J •102
1943 J -J •100
Consolgold5i
Ft S & y B Bge. Sm 8tL&SF.
Istg
4^il941
DCo
J -J •105
Fort St U
105 Mar'OS
Ft
4 D C— lit g 4-81.1921 J-D '»« 80)i 78)4
80
4 Rio Gr lit g 3-4s.l928 J-J 60
63
Ft
83
62)4
lit 5s
03T4
98«
8654
111)4 J'ly'99
.
Se« 8 P Co.
Gal
al H4H ot '82 Ist 58.1913 A-O
1st pf g 5s. 1945 A-O
1945 J-JH
let consol g 5s
Oa Car 4 No 1st gn g Ss.l929 J-J
G«orgla Paclflo. Set So Ry.
GUa V G & Nor. See fo Pac Co.
93
70
107
lit land gr ezt gold 5i. 1 930
4^s.l909
Re»2Utered
1999
Col & II V 1 8t ext g 48. 1 948
100
ni}i
939i i06J4
106)4 Aug'99
A-O
Registered
1941 A-O
Coal
Co
lit
go
y
J-J
L
g6t..
1083
189)4141)4
Registered
1038 J -J
140 140
Leh 4 N Y lit gn g 4i. ..1045 M-S
Regiitered
1045 M-S
BlC4Nlitglitpt6i.l914 A-O
106 106
Gold
guar
A
61
1914
111)4 iie«
Leh 4 Hud R. See Cen of N J..
Leh & WUkeib. 8u Cent NJ.
Leroy 4 Caney Vai. See Mo P.
Lex Av 4 P F. See Met St Ry.
L R 4 M 1st g 5s 1987 Tr otf s
95
90
itiiti ••••••
111
,
.
Uonsolid
8dgold5i
115)4 123)4
121
131
114
11694
106H Apr'99
'142
t
1st con g
104
Sep''99
101)4 Oct.'99
101>4 Oct.'99
100
•130
an 4 Mlob. See Tol 4 O C.
EC4MR4Blitgiig6i.l089 A-O
K C P 4 Q lit 4 ool g 51.102 A-O 73
Ban C 4 Pao. Sm M K 4
Kaniai Mid. Sm St L 4 S ^
Kentucky Cent. S«e L 4 N.
Eeok 4 Dei M. Sm C R I 4 P.
KnozYiUe 4 Ohio. See Bo Ry.
Lake.Brlu4W Iitg5i.l937 J -J 120
72)4
North Ohio litgu
BKsn&LSap. SmO&NW.
BvekaSprlngs 1st g6i. 1933 F-A •••••• itivvt
1031 J-J
* T H lit )n 6i
127
lit general gold 5i.,,.1942 A-O •104
106M
1923 A-O
Mt Vernon lit 6i
BnU CoBr'oh Iitg5s..l930 A-O
r&Ind 1 it oon gn g 6i 1 026 J -J 107
Fargo &8o. S««CbM&8tP..
M g ei. ..1920 A-O IISH 121
FUnt & Peregold
5i....l939 M-N 103}i Sale
lit ooniol
Dly
lit g 5s.l939 A-O
Pt Huron
Ha Cen & Pen 1st g 5s. 1918 J-J 106
SMCB4Q
Han
OQsatonlo. See NYNH4H.
1021
Iowa Central litgold5s.ie38
Iowa Midland. ;Se« Ch 4 N W.
Jefferson RR. Set Brie.
112
10494 111
'
No
3d gold 4i
109HOct.'99
W—
•
J-D
J-D
J-D
StLSoalitgng4i...l93l M-8
Carb4Slitg 4i
1932 M-e
102%
123
DiTlstg4s....l951
IndB14W. S««CCC4StL.
Ind Deo 4 W lit g 61. ..1935 I -J
Ist guar g 58
1935 J -J
109
Ind Ul 4 la Ist ref g 5s. .1948 A-tt
104
112% Int4GtNo lit gold 61. 1919 M-N
3d gold 5i
.....1009 M-8
109H
110)4 lie
con g 4ipr bdi.1996 J -J
01^ Sa'e
1996 J -J
Beglitered
lit ton genlieng4i.... 1996 J -J
Beglitered
1996 J-J
lit ref 6i.l937 J -J 110
»Y8&
1937 F-A
Sd gold 4^1
1940 F-A
General g5s
96H
Terminal 1st g 5i....l94» M-N 112)4
Begli 95,000 each. 1943 M-N
WlUi&Ba8l8tgng58l942 J-D '101 106
Mid BRofNJ Iitg6il910 A-O
122H
LN
Mem
03
11 OX Oct.'99
1st
Hock Yai
98)4
107)4
102)4
il'i" Oet.''99
'1
1
Gray's Pt Term
4 St J.
103
Lotf.Higk
KalA4GR. SMLS4MS.
72H
110
A-O
RR Istgn gold 5S.1909 A-Ol
Ohlc&Erte I8tg5s...l982 M-N
Coal & RR l8t go 68.1922 M-N
Dock & Imp St our 6s. 1 9 1 J-J
NY &GreeuLgng58.1946 M-N
1946 M-N
Bmall
Grand Rap 4 Ind.
F-A no
.
103
Jan.l
100)4 Sep.'OS
Registered
1951
Bellev 4Car lit Oi... .1983
Mar'98
92
109
feff
rle
108)4 108)4
120)4 180)4
.
Hi Lex & B S.
122
Apr '99
-J
-J
'.'.'.'.'.
142)4
J'ne'99
Mnm
Lcut StUe.
Ask. Low. High.
Bid.
1951 F-A
Lonlsvllle Dly g 8)41 .1953 J-J •ib'iii
Registered
1953 J-J
06" "92
St Louis Dlv g 3i
1951 J -J
Registered
1951 J-J
Gold 3)48
1951 J-J
Registered
1951 J-J
Cairo Bridge gold 4i..l950 J-D
Beglitered
1950 J-D
Middle Dlvreg Si
1921 F-A
Spring Div Istg 3)48.1951 J -J
Registered
1951 J-J
ObloStL4N Og 5s.. 1951 J-D
Registered
1951 J-D
Gold 3)48
1951 J-D
Registered
1951 J -D
141)4146)4
138
117
Uange
Week's
Bange or
Registered
10654 111
122
108
Sd Hen mortgage 6i...l916 J -J
& 8 lit g 5s 1928 J -J
Bui Red
Pnl So Shore & At g 58.1937 J -.1
EaitofMlnn. iS«eStPM&M.
BitTVa&Qa. SM.SoRy.
W
Western Line litg 4i.l951
124H 134^
12 OH
•
VMM&Mlnn. S(eCh&NW
1904
1904
[Vol. LXIX.
2.
Friee
Friday,
\ov. 3.
•»
••A
Illllnois Central (Con)
Coli tr 2-10 gold 4
sUas & Waco. SeeM K&T.
D*l Lack & Weitern 7b..1907 M-8 •••«• »••••!
Btt Blng & N Y l«t 78.1906 A-O
Moriii & Sstez lit 7i. 1914 M-N *141
1900 J -J 102
7i
1871-1901 A-O 106^ Sale
?•
1915 J-D 140
lltooD guar 7i
1915 J-D
Beglatered
lit 6i. 1921 J -J
jr T Lack 4
1923 FCoDitrnotton 5i
1923 M-N
Term & Impt 4l
1900 A-O
Warreu 2d7i
X)elaware& Hudson—
1917 M-S *145
litPa D1t7s
1917 M-8
Beglstvred
Alb&8jilBtoongu7Bl906 A-O
121
1906 A-O
Beglitered...
1906 A-O
Gold 6
1906 A-O
Beglitered
1921 »l-N
Beni&Sar l(t7i
1921 iW-N
Begtitered
D al BIT RR Bge. See Pa RR.
DjnConTr Co I»tg5g..l933 A-O
Den Tram Co con g 6$. 1 9 1 J -J
MetRy Co l»tgug 68.1911 J -J
106
Din & RQrlit80ld7».. 1900 M-N
1936 J J
lltooDg 48
99M Sale
1936 J -J
lstoong4HB
ImproTementgold S8.1928 J-D 106!^ Bale
•et M & Ft D. SeeCK&lP.
Page
(5 pages)
BONDS.
«T
STOCK EXCHANGE ^1
Wbbk Ending Nov. 3. 5«
since
Jan
prices
16
17
68—See
NY
Bt
Bx
<£c
Hit.
Teles. Sc Teleph.
'werican Di*' Tele— NY
Bell Teleph. of BufTalo.
jentrai & Bouth Amer.
:ihei
4
Bond
.
..
Poto Teleph— Stk
5i
Jommerclal Cable........
Jommer Union Tel iNY).
{And
liit«reit.
tPrloe per lb
mji
Nov.
THE CHRONICLE -BOND
1899.]
4,
Price
Friday,
Nov. 3.
^1'
BONDS
II.T.tTOOE. EXOHANGE
Wbbk Endino
Nov.
4«
3.
J-
4i... 1911
litoon Income g3i...ie39
td oon Inoome g St.... 1931
San{f«
$inee
Latt 8aU.
Jan.1,
i6^
76^
27M
13
1356
87
100
87M
H
7
"36 Ji Sale
13)4
J'lrl
-il A-0
quip 4 ooll g Si
Max Intemat lit oon g 4t.'77 M- S
1937 J-O
Hex Kat lit gold 6«
Sd Ino 6i A Cp stmpd. 1917 ti-St
87!,<8ale
Sd Inoome gold 6a B.. 1917 An.t
Max North lit gold da.. 1910 J-D 107«
Beglatered
1910 J-D
Mleh Cent. See N Y Cent.
Mid of N J.
MU Kl R7* L 80-7r g 5i. 1936 F-A •106
14
108
9H
BONDS.
Week Ending Nov.
T Cent— L
14
14
0ct.'99
108
108
106
J-D
J-D
J-D
A-O
M-N
M-S
J-J
.
Paoiflo ex lit gold 6i 1931
lit ooni gold 5t
19b4
let and refund. 48... 1949
Ist
east
48lntga..'36
<fcP
B8M<kA l8t g 4s Int gn.'36 J
.
U
M
150
121
137
138
114
96H
Tebr
-%
Neosho
6i...l942 A-0
6i...l930 M-N
8d7i
19UU M-N
Trattg 5i
1917 M-81
fleglstered
1917 M-8-t
coll
golds
1921 F-A
lit
Reglatered
1930 F-A
Pao B of Mo 1st ex g 4s. '88 F-A
Sd extended ><old Sa 1938 J-J
Verd V I 4
lat g 5a.. '26 ni-8
l<ero7&CV AL. IstgSa'Se J-J
8t Louis & Iron MountGen oon rr Aid grtg 5s'31 A-0
prlorlleng5a.'45
78
95
Oct.'99
Oct.'99
106K
118H
Oct.'99
118>B
10
97H
97«
53
95H
73
115
113
1045
1945
Ohio new gold Ba
.
lit extension gold da.
Q«neralgoid 4s
Ist g Ss.
Montgom
BtL& Cairo gng 48..
98
95M
NYNH4Hart
100
Sale
95
Sale
107
lllX
16
8
113
106H
107
llOH
91M 96
65M 7396 N Y 4 North.
88
86
96>4
7SJ4
82
85
9d]4
lOlM 107)4
108?4 1219,
113
117
91)4 103
88
9S)4
J'ly'99
84
•
• • • • •
• •
• • • • •
• •
llOH 186 105
'lis"
129
i'iaii
128
•
84H
IS
109
109
Aug'99
1319< J'ne'99
84>^
8S
109 Oct.'99
Sale
SO
125
117
82)4
106
lll)i
130)4
138
90
109H
AO
133
1901
1938
1917
180
101
130
101
8ep.'99
Sep.'99
10634
100)4
106^
115
11
Mar '99
Man Bh. Sm L
113M
lllH
col
Registered
1997 J1997 J1 998 F- A
3^a
g
1998 F-A
106
Mich Cent ooU g 3^8. .1998
Registered
1998
1900
1900
Harlem lst7i
RegUtered
N J Juno R ga
109^
103M
Wh Sale
F-A !1!'
F-A
m-N lOOK
K794
97
97«
97J<
104
103
1986 F- A
1986 F-A
lit 4igii.a361 J -J llSV^Sale
Reglitered
2361 J -J 118^
BeeohCrk lit gag4i. 1936 JRegistered
1936 J -J
adgngold Si
1936 JRegistered
1936 JClearfield Bltum Coal Corp
litsflntgng48serA.'40 J -J
Small bonds series B. .'40 J - J
Gout 4 Oswe 1st gu g 5a.'42 J-D
lit 4i
.
Registered
Weit Shore
R W40goon lateit68.'22 A-O*
4 Mont latgug 5a. '16 A-0
R W40 TR Istgug5s.l8 ai-N
Oiwe4B8d gug5a..l915 F-A!
Utloa4 BlkRlvgng4a.'82 J -J
Moh4 Mai latgu g48.1991 M-8
Cart 4 Ad latgu g 4a. 1981 J-O
NY4Putlatoongng4s.'93 A-O
NT4North lat gSs.. 1927 A-O
127H
Nor
Lake Shore 4 Mloh South—
•aaa«« aaa»««
DetMon 4
*
No
price Prldar: theae are lateit bid
Sale
Taleg. dk Trieph.
Bid Ask.
7K
& BHy ni«i« i'«i.
80
rle Teleg 4 Telep— See 8 tckBx List
Franklin
Gold 4 Stock
Bonda
42
50
118%
90
Hudson River Telephone 114
* • • • •
116
Intematlon Ocean...
115
Mexican Telegraph
215 830
Maxloan Telephone— See Bosto nllst.
Hew Eng Ttiep— See Best on Hat
Northwestern Telegraph. 115
N Y 4 N J Telephone.... 196 301
6t loan
M*N 113 115
"38
Aug'99
May'97
96
J'ly'98
liee'"
183
103)4
lOlJi
113)i
3
Aug'99
128""
Y 4 Put. S«« N Y O 4 H.
Y 4 R B. Bee Long Itl.
Y S 4 W. See Brie.
Y Tex 4 M- Sw 80 Pao Co.
Norf 4 West— Gen g 6a. 193
New Rlrer l8tg 6s. ...1988
Imprvmt 4 ext g 88. 1934
CC4T la gug5a....l922
Solo V4N B I8tgng4a.l989
N 4 W By latoong 4i. 1996
. .
1996
1996
103H
1019i
Registered otf a
1923
Prior Uen r 4 1 g g 4i. .1997
Reglitered
1997
General Uen g 3i
3047 Q-Vt
Registered
S047 Q-Ft
Wash Cent Istg 48.. .1948
Nor Pao Ter Co 1st g 68.1933
Nor Ry Cal. Set Cent Pao.
Nor Wis. Se«CStPM40.
Nor 4 South 1st g 58.
1941
Nor 4 Mont. SwN.Y.Cent.
.
.
4 Cal. Bee
Ry 4 Nav
RR 4 Nav
A
Tel«ph.
Atlantic
115
W
4)4a.
. .
1910
1931
1931
183
96H
133
»
*
Bid.
Ask.
78
90
98
88
8t L.
Due July.
7
U
See
Penn
Due June,
i
A
••!
»
^
191
186
133
11794 131)4
11
101
Feb '97
100
100
92)4
98«
95)6 J'ne'99
116
103
106%
130
130
185
130
114^ 180
119)4 Apr'99
118 J'ly'99
131)4 May'99
132 J'ly'99
10296
103% 169
102)4 Oct.'99
113
113
131)4 131M
139
133
101
106V
102
104)4
65
66% 154
65
66
95
120
113
96)4 101
88i< 68)4
95)4 85)4
1
59
70
108)4 J'ly'99
107)4
108%
103
1C3
103
104
"ioii'eo'
'
110
109
Sale
104
Sep.'99
65)4
May'99
k»0
Oct.'99
Oct.'99
no
10394
10394
...,
65 "
75)4 Oct.''99
40 103
"ss*
110
103)4 10394
5
• • a i
116
11494
11394 Mar'99
108
"jj
114 Oct-'99
113)4 J'ne'99
113
107
•aa««
••ata
118
113H
lloVi
114
114
118
119
Not' 98
Dec '98
10596 Apr'99
105% 107%
109)4 Apr '97
141
Oct.'99
140)4 May'99
135 J'ne'99
119)4 Oct.'99
•110
ai
114
NoT'98
"
13894
i^'i
135
135
140% 140%
119% 119%
105)4 108
105)4 Sep.'99
181 J'ly'99
121
113), 114
114
Oct,'99
103
NOT'97
108
May'97
181
114
115)4 Fab.'99
*
•
97
98
99)4 Ang'99
96
96
97
121
97
130
20
Dec '98
186
100
137
Apr'99
99
101
93%
16
186
100
Oct.'99
9994
186
100%
NoT'97
Co.
Dna Mar. IDuaNor. a Ttaaaa ara ovttoa
Companlee.
East End Electric Ll^ht.
Electro- Pneumatic Trans
Fort Wayne Kleo. Co.. 85
Series
• >
00)4
96
131)4
Bid.
Ask.
• •
••
144
im BoustWt Jif Co.
Dra^d EiecLtAH Co. ref
18
100
18
Bid.
Tt.
8o.
Aik-
148
1
Toi-onto (Can.
r
'"iU
40
Gc
aa> lea.
iLt'«.
Eleetrlo
r
•
ialea.
J ELECTRIC, dc
ooksbcutive pages).— r.^^
Electric
i
106)4
113
.
rr4
Sale
92
181
J-D
A-O
M-N
103)4 107)4
183
1C9
Aug'99
Sale
ioiii Sale
F
183
105
104
a •
186 J'ne'99
180 Aug'99
117)4 Aug'98
M-N
anaaoola 4 At. See L 4 Nash
••oDeo4B l8tg6strrec.'20 J -J
118*
Providence Telephone.
108
Southern & Atlantic
West' n Union Teleg— N Y Stock Bxoh
Electric Companlea.
178
Allegheny Co Light Co... 168
46
Brush Islectrlc Co
44
Br'dgprt (Ct) Bl Lt 00.85 t 47
30
Consol Bleotrlo Storage..
10
Bddy Bleotrlo Mfg Co.. 25 t 13% 15
axoh
Bdlson El 111 Co NY— N Y Stock
Bdlson Bl 111 Co Brk— N Y Stock Bxch
11
Bdlson Ore Milling Co....
7
.
15
173
'79
So Pao Co.
See Un Pao
See Un Pac
Ore Short Line See Un Pac
Oawego 4 Rome. See N Y C
O O P 4 St P. See C 4 N
Coast Co— 1st g 58.1946
aoof Missouri. See Mo Pao
Panama Istsf g 4)^8
1917
108
I04U Oct.'97
18856 Oct.'99
186 Sep.'99
105
106
101)4 NOT'98
105
BtP4NPgeng6i...l92d F-A
1389^
Ore
101
108)4 Ore
O e
tDna Jan.
105)^
Oct.'99
11794 Sep.'99
113 J'ly'99
112)4
1921 J -J
Registered.
lOlH 1"«H
123
J'ne'99
105
1C4
103
>•*••• aaaaa
lis
m-N •133
A-0 130
F-A 124
J-J •110
M-N •100
A-O 92)4
A-O
A-O
3d g 6a tr reo lat pd..l926 M- N
'ao 4Ba8t. Se« C C C 4 St L
*ao4PekUnl8tg6a...l92i QIdg4)4i
Feb.,1921 M--N
Mne Creek reg guar 68. 1932 J- D
•itta Cln 4 St L. See Penn Co.
183
May'99
133
M-S
M-S
Irani DlT lstg6strrec.'20 M- S
J'ly'99
103
133
85)4
106
J-D
J-J
J-J
Registered
111)4 117H
Gtd3H80ol trust reg.1937 M-S
111)4 117)4
P
C
C
4
St
L
oon
gu
4)4s—
106!^ USH
g
Series A.
1940 A-O
105« 113)4
1942 A-0
Series Bgnar
Series Cgnar
1942 M-N
103)4 106
Series D 48 guar
1945 M-N
PltU Ctn 4 St L lit 7i.l900 F-A
101« 107?^
RegUtered
1900 F-A
102« 1029<
Pitts Ft W 4 O lit 7i.l912 J-J
110)4 11314
8d7i
1912 J-J
111)4 119k
8d7i
1912 A-O*
97)4 103
C StL4Pl8tcong5i.l932 A-O
97 108
Register^
1932 A-O
97
108)4
Olev 4 Pitts oon 8 f 78.1900 M-N
97)4 100
Gengug4)4aaer'8A.1942 J -J
103H 108
Series B.
1942 A-O
103 106),
rle4Plttgug3)48 B.1940 J-J
SenesC
1940 J-J
9rR4I exist gug4)<:8.194l J-J
110)4 117K
AUegh
Yalgengug48.1942
M-8
10994 116%
N4CBclgegengug4)48.'45 J-J
113 118
PeniiRR Ist real esg 4a. 1933 M-N
Consterlingg 6a
1905 J-J
Con currency 6a reg.. .1905 Q-MI
Cone Sa
1919 M-H
Reglitered
1919
Oong 48
1943 M-N
CI 4 Mar lit gn g 4)48.1935 M-N
0N J RR4 Can gen 48.1944 M-S
185^ 188
DRRR4BgelBtgn4sg.'36 F-A
Sun 4 Lewis Istg 48.. 1936 J-J
lis"
Apr'99
Aug' 98
13294«12894
IU9 '118H
l£39i
1829i
110)4 Sep. 99
Feb. '98
121M J'ne'98
126)4 Jan.'98
106)4 Feb.'98
108 Jan.'9S
*
0Ind4W. Se»CCC4 8tL.
bio 4 Miss. See B40 8W.
Ohio RlTer RR 1st g 5i..l936 J-D
General gold Ss.
1937 A-0
1901 J -J
Om 4 St L latg 48
(Given at foot op
Teleff. Si
oaotflo
58
113
and aakadtkUwaak.
OUTSIDE SECURITIES
ttiu-pire
97^
J'ne'98
183
lOlH
59
98M
Oct.'99
113
113
118
106
113
107
Tol 1st 781906 F-A
Lake Shore con Ist7sl900 J - J
Reglatered
1900 Q- Ji
18
9714 Oct.'99
104 Aug'9ft
•100
103
Itl-N
106
Sep.'97
J'ne'99
104HFeb.'99
10l^Sep.'99
103?i Aug'99
llOH nOH llOH
113^ Apr'99
110
.
113W
Oct.'99
10e>i Oct.'«9
Registered.... 1884-1 904 M106 Sale
Ss of ...1889-1904 M1C6
Debenture g4i.. 1890-1905 J -D 102«
Registered
1890-1905 J-D 103
Debt oerti ext g 4i....l905 yi-H 101
Reglitered
1905 M-N •101
Registered.
Y04W. Ref Istg 4il992
N
N
N
N
Sf 8ub8ldyg6s
Penn Co gu lat g
I.
Reg deb
Lake Shore
13294 Bale
6
H.
Pao
HR— 1st 78.1903 J -J 118M
Registered
1903 J -J 118H
Debenture Siof .1884-1904 M- S 106M
GSHa
105M
115
New4ClnBdge. S««PennOo
N04NBprlorlleng6s.l915 A-01
Bkln &
T Cent 4
NYC4
.
J-J
J-J
A-0
lit6sT4 Pb
J-J
lit6sMoMMW4A1.1917 J-J
lit gold 6s Jasper Boh.1923 J-J
Muh Flor 4 Shef. Sm L & N
HawH4D. SMNYNH4H
H J Juno BR. Sm N Y Cent.
NT
Sale
Qenl8tRR4Laifg6i.'31 J -J
114H
85
lit7i.'13
2d 6s
lit oon gold Si
98
114)4 117)4
114)6 1163
106
119%
106
111
North Illinois. S««0hl4NW.
North Ohio. See L Hrle 4 W.
Northern Paoiflo—
Mont Cent. iSm St P M & M.
Morgan's La 4 T. Sm 8 P Co.
Morrli & Bisex. Se«DelL4W
NaihChat&StL
N
8««
Registered
Small
109
111)4 lis
Mohawk & Mai. Sm N Y C & H
Monongahela RIt. SeeB
latreg48.'03
Regis 15,000 only.. .1992
95
106
J'ly'99
109<< Sale
109 llOii 109
J-O
. '27
J'ly'99
114)6 Sep.'99
108% 111
108
Oct.'09
108)4 Deo '97
116
Conrert deb certs $1,000
A-C
Small certf8$100
Housatonlo R con g 58.1937 M-M
N H 4 Derby con 5a... 1918
N Y4NBlit7i
1905 J-J
lit di
1905 J -J
"'3
107
1927 Q-Ji
1938 M-8
1947 F-A
1931 J -J
DU
94
92
113
Sale
'
J-J
T -.1
J-J
Small
Mob A
76
105H 106
A-O
J-J
a6noonatampgtdg5a'31
MUsBlvBdge. S««Chlo&Alt
Small
69
580
59
93«
69H
.
Mott«age gold 4a
93^
73X
109
Sale
Sale
91J^ 02)i
914i Sale
95
Mo Pao— lat oon g
Mob&Blrm
96
lis
114)6
W
uoHuex NY4NB. S««NYNH4H
J-D
MoEsB lat gag
W
a4
109
109
M-N
7a. .'06
lat 7a. 1903
Deo'98
-J
MKATof Tlstgng5i.'42 M-SJ
KO&Pacl8tg4a....l990 F-A
Dal h Wa lat ga g 5a. 1940 M-N
BoonevBd^Cogag
J'ly'99
Jan.'99
A$k. Low. High. No. Low. High,
Bid.
Bat0 4 8tl8tgug38.'89 J-D
N Y Chic 4 St L litg 4i.l937 A-O
Reglat-red
1937 A-O
N Y 4 Greenw Lake. See Brie
N Y 4 Har. S«« N Y O 4 Hud.
N Y Lack 4 W. S«« D L 4 W
N Y L B 4 W. See Brie.
150
135
137
L
Jan.
3.
.
M-N
1944
145
121
127
\l5\i Oct.'99
96J4 Oct.'99
MStPft88Moong48lntga'38 J-J
Minn 8t By 1st con g Ss. 1919 J-J 109
Minn Un. S«« 8t P M & M.
Mo Kan & Tex— Istg 41.1990 J-D 93
Sdgold4i
1990 F-Ai!
71>B
lit exten gold Ss
Apr'99
tinee
Latt Bale.
1931
1940
-J
1940 J -J
Registered
MU A North. 8e«ChM&3tP
MU * Bt P. Se« Ch M & St P
Ba%ge
Week's
Range or
Friday,
Xov. 3.
1908
1903
1997
1997
4a
Mln * 8t L ga. Se« B C R & N
Minn * 8t li— l8t g 7i ..1937
Iowa ex Itt gold 7i. .1909
Bonth West ex I8tg7(.'l0
PHm
51
M S (Con)
Reglatered
103)4 106
Oct.'99
945
3.
Mloh Cent— lat oon 781902 M-N •108)4
Ist oon Sa
1902 >1-N
6a
1909 M-S 118
6a
1931 M-S
SmNYSqi&W
ML84W. S«Chlo&NW
MU & Mad. See Ohio & N W
4
Page
J-D
Registered
J-D
Gold 3)4i
J-D
Reglitered
J-D
Cln4SlatgLS4MS7a'0] A-0
KA40B lstgo58.1938 J-J
Mahon C'l RR 1st 5s. 1934 J-J
I4?i
Apr '99
S
Con80l2dVi
"84H;"88?<
100
100
Sep.'9«
pages)
(5
N.T. STOCK EXCHANGE
Low. High.
68H ^SH N
l»H 89^
Ask. Low. Hiah.
Bid.
Max 0«ntooc gold
Wtek'i
Range or
prices
Soud.3
—
»
96^
97%
General Bleotrlo Ct N Y Stock Exch ^Woonsooket ;R T^ Bl Co.. 105
Do pref.— See Boston L lit.
138
Hartford (Ct) Eleo Lt Co. 188
Ferry Companlea.
Brooklyn Ferry-Stock ..
Hartf'd(Ct) Lt4PowCo8£ t
8
33% 85
6
28
Bonds 5s
95
Mo Bdlson Electric
86
« 94%
Metropolitan Ferry— Ss.. 110
69
118
Do preferred
67
N
Ferr*—
4
Y
Stock.
Narragan. (Prov)ElCo.5(
100
N
J
96
IstSs 1948
J4J ai3 115
New Hav (Ct) Eleo Lt C« 195
iAna Interest. tPrlce per sh are
Rhode Island Eleo Pror'o 118)4
1:
i;
THE CHRONICLE -BON J
946
Price
Friday,
Xov. 3.
BONDS.
II.T.SXOOK EXOHANOE
Wbbk Kndino Nov. 3.
Bid.
Fltti
& Oonnellsv. SeeB&O.
gitiee
Jan.
1.
High No. Low. High
Atk. LoxB.
Oot.'98
107H
ntUFtWiCh. S«ePennOo.
1922 JFltU Jttnol8tg8a
ntU & L Krle— ad g 5i 1 928 A-on
.
Range
Lout Sale.
A-O
rittiClev*Toll»tge8..1922
Weelc'$
Range or
.
1934 J-
Sdgnar 68
89
Basdlng Co gen g 4i...l997 J -J
1997 J -J
Regl8t«red
Kansielaer & ^ar. See D & U.
Bloh A Dan. See Sonth Ry-
87)^ Sale
1939 J-J
let g 48.
Cent Ist gu g 48.1917 A-O"!
Sale
Bio Gr West
.
.
Utah
Qr June Istgug 58.1939 J-1)
file
07%
90
116
98
106^
1940 J-J
BloQrSo l8tg3-48
Booh k Pitts. 5fe B R & P,
Borne Wat. 4 Og See NY Cent.
Salt Lake Cist g at 68. '03-1
tJ0&GIlBtga-3-48..1947
74
J'ne'99
J'ly '99
90
113
90
116
100
J'ly'97
Oct.'99
Oct.'99
98
87
n7
87*< 145
Oct.'99
S5H 91H
86
89H
97«
88
104
J'ne'9W
May'fl9
72
Au^'99
98>< looyi
91
45
87«
102H
72
\02H
8894
104!4
74J4
1931
1931
1987
Q«nera1 gold 6s
General gold 5s
lit trust gold 5s
86
Series
114
114
125
L
Bt
48.
1929
.
So. See lUinolB Cent.
1989
tLB W Istg 4s bdofs..1989
M-N
bond otfs.
J-.H
Gray's PtTerlttgug58'47 J-D
It Paul City Cab. o g Ss. 1937 J-J
Onaranteed gold 5s... 1937 J-J
125
11''
85
"94^4
89^
eo^
Bale
sale
84?iOct.'99
100 Oct.'99
98
Sep.'99
92H 147
62M 3b4
60^
110^
83
98
95
lllH Oct.'99
89
102
96
84M 97
40H
108
112
1931
1917
Sd6l
1968
cog 48
Paul Minn 4 Manitoba—
lit
Bt
F-A
A-O
J-D
130
'100>4 101
A-O
Dakota ext gold 68
M-N
let oousol gold 6i
J-J
193:- J-J
Beglstered
Bednced to gold 4i^8 193:- J -J
193:- J-J
Beglstered
Mont Bxt 1st gold 4i. 1937 J-L •103
193'; J-U
Beglstered
Minn Union lit g 6i. 1922 J-J
Monte Istgag6s....l937 J-J 132
193'; J-J
Beglstered
1937 J-J iio"
lit iinar gold 5i
1937 J-J
Beglitered
BMlitdlvlitg5s...l908 A-O 106
1908 A-O
Reglst«red
1940 A-O
Nordiv Istg 48
1940 A-O
Registered
WU14 8Flitg 5I....1938 J-D 115
1938 J-E
Beglstered
Bt P 4 Nor Pac. See N or Pac
Bt FAS'zClty. Sm C StP M40
1909
191C
193^
3d 6s
123 Oct.'99
143 Oct. 99
137?i Feb "99
115
116
106><Mar'9S
104
103
104
122^
. .
135
lie
117
113
120
Bod Bay 4 So
Bo Car & Ga.
South em PaclBc CoGold 48 CeLt Pac coi..l94P
1949
Re Ittered
C Pac 1 Bt ef gu g 43. 949
919
Registend
Moit guar g iiH»....l»29
1929
Reglt-rtd
Oal Har 4 S A 1st g Us.lwiu
1905
2dg7s
>
Mex4
J-Dt
J-Dt
F-A
F-A
1
J-Dt
J-Dt
b-jK
J-D
M-N
Hous4TClstW4N78.'03 J -J
1937 J-J
Ist gSslnt gtd
1912 A-O
Cong 6s Intgtd
1931 A-O
Geng 4s Intgtd
Morgan'iLa4Tlstg6s.'30 J -J
1918 A-O
Ist 7s
NY T4Meigul8tg48.'l'.i A-O
Pao
1st g... .58*31
4 Cal 1st gtd g 5s. 192^ J-J
SA4APas8lstgng4s.'43 J -J
1905 F-A
Tei4N0 Ist 78
(>ct.'99
102>ii
104
Bale
113
Apr'9
849^ Sale
sm
98M
83%
98^
Sale
b2H
Sale
110
108
\09ii Sale
101^ Sale
101
111
110
Sep.'99
ilOH
115
"99
95
107?i
U2^
1199^
84%1074
no
87
79
Sale
A-O
A-O
A-O
M-N
No
1
J-J
A- O
price Friday; latest bid
133
100
105H110
loan 111
102
Oct.'99
102
103
109
Jan.'99
109"
1*0*9'
U9
Aug'99
i
A
1st
of St
L
A-O
F-A iuHSale
1st g 4)^8. "39
oon gold 58.1894-1944
St LMBgeTergug58.1930 A-O
Tex 4 N 0. See So Pac Co.
Tex4P Ry B dlT Istg 6s.l905 M-8 •107
1st gold 5s
3000 J. D 114)<
2d gold
Ino. Ss,
118
.
J-J
J-J
A-O
J-D
A-O
J-J
.
50
66
lasM 127
107
Sale 100
io'7*
100
84
•
.
J-D
;14>4
56
.
1937
Istg 58
1935
West'n dlv Ist g 5i.. 1935
General gold 5s
1935
Kan 4 M 1st gu g 4a. ..1990
107
115
107
Sale
118
45%
53%
Oct.'99
Oct.'99
100
83*'
105H
108
Oct.'99
i07"
il3>i
108
113
188
139
97
105
73
-•9H
as
103
10
100)t 105
Sep.'99
113^
98^
64
this
week,
Aug'99|
t
'
11
15 108
117)6
108
65)6 80)6
85
Pitta.
See
B4
Am Agrlcul Chem— See
. .
B
Powof N Y.lOO
*.merlc'n Axe 4 Tool .100
Amer Bank Note Co... SO
Air
American Beet Sugar....
106
90
J-J 110
A-O lOS
J-J 97«
F-A 92
Wis Cent Co 1st trg 5a ..1937
Engraved trust oertlfloates.
J-J
W
Wll 4 Sioux F. Se^ St P M 4 M
Winona 4 St P. See 4 N W
80
37)4
39^< 1533
09
Sep.'99
May'99
&
113)6
4
7094
2491
an
44
99
Deo '9*;
lis
110
Jan.'99
Oct.'99
96
Apr '99
108)6 118
70%
54
14M 24M
113
101
96
118
110)^
N0T'»7
76
58
6)4 J'ne'dO
3
^9H
lOM
34
75
08M
93)6Mar'98
78
76
1937 A-bi
1089(
109)4
Atlanta
101
4
Con Gas
t
Due
Detroit City
Gas g
July.
I
Ss.
Due March.
1
9196 0ot.'98
118)6 Oct.'99
118
Ask.
8?
88
oston List
60
48
31
20
47
60
80
28
1
J-
J
F-A
M-8
J-J
A-O
A-O
Due Jan.
Bid.
Bonda 5«
M4S
Amer. Caramel— Common
25)6
81
27
64
67
S994
91
62
50
100
21
103
92
Amer Uide &
Leather.
Preferred
A.mer Press Assoo'n. .100
i
*100
lOP
iao"
I
MttM
Due Nov.
F4A
Bonds 68
Amer. Woolen—Com.
Ask
37)6
88)6
83
95
8
55
18
336
66
34
S5H
81)6
86%
83)i
lOMi
101
107% 11»>6
120% la*
111
May'99
111
a These are option sale*.
& MISCELUS.
MlecellaneouB.
Amer Wringer
Par.
com... 100
Bid.
10 t 12',^
t 13),
10
Amer. Writing Paper
aamey 4 SmCar
Preferred
100
100
68 1943
J4J
4 Bn« Br— See
lat 8a
BlACkwell'a
83
58.
.Anderson (John) Tob.lOO
Automatic Vending... 10
Phi
Durh Tob 2B
Aik
106
115
Pref
4.mer Qraphophone
Preferred
Bergu
102)6
9B
90
24
10P)6
100)6 100
9894 Ang'99
10:)6 Oct.'99
124 Oct.'99
HI
37
8u
250 taoo
American Screw
5
100
Foun—
Com.
Im Soda
100
45
Ist preferred
100
9
3d preferred
60 215
^.merican Surety
8took.l00
S3
Km Typefo'rs4mer 8trawboard....l00 38
Preferred
116)4
Co
. . .
Bid.
80
American OtnnHie
94
103
80
75
b9)6.
33
t05)6lll
109)4 iia
0.
VaCent4 P Istg 68. 1911
Wheeling 4 L B lstgSs.1926
Wheel Dlv 1st gold 5s.l928
Bxten 4 Imp gold Ss. .1930
Wilkes 4 Baau See N Y 8 &
933
DetGas Co oon Istg Ca.. 1918
Bl Bl 111 Istoonvg 5S..1910
1995
lat con g Ss
104^ 105)4
1940
Brooklyn IstgSs
Registered
106
106
Preferred
Amer Bicycle— Com
Preferr d
Preferred
113
77
110
118
43
23
116)i
100)4
(Given at foot op 7 oonseoutivb faqes).—FBRRF
*mer
3H
100
113)^ Sale I13H
70H Sale 70)4
24
24>^ 24)6
GAB 4 BLBCTBIC LIGHT BON D&
G L Co lat g 5s. 1947 J-D
Bos U Gas tr otfs I fg58..'39 J -J
Bklyn U Gas 1st oong5s..'45 M-N
ChQL4CCo. Se«PG4CCo
106^ 108H Columbus Gas Istg Ss.. 1932 J-J
Co. See P G
C
Bonds due Aug.
Mlacellaneoun. Par.
Amalgamated CopDer.
133)4
121
136
121
11
109M 115
2 lOSMi laa
113% NoT'98
105^ Aug'99
and asked
1939
1939
... 1 939
1939
InoomeSs.
107
98
77H 86
Va 4
118
110
RRCo—
IstgSi
2d gold Si
Debeutore lerlei
W
W
108
W
Gen g3-4a
Income 5a
89H West No Car.
Mar'99
106
abas a
121)6
100)4
103% 108«
"45
.
RR
89
83
265 10294 109
Inc
5i.
1946 Sop.l '102>i 103!^ I02)i Oct.'99
Non-on Ino B 4col trl946 Oot.l
76
77
75)6 Oct.'99
NJ
4C Co. See Pa RK
Otah Central. See Rio Q
Dtah 4 North. See Ore S L.
Utloa4 Black R. SeeNYCem
\/ er Val Ind 4 W. See Mo P.
V irglnlaMld. See South Ry
.
56
58)6
80
78
92
99
99
t8
J-J 104 Sale 10394 104)4
103% Oct.'99
J-J
115
Oct.'9e
J-J
J-D 10394 Bale lOSX 104
128
OreShortLlne Istg6al932 F-A 128k 130
128
Mar'99
Utah 4 Nor lit 7s
1908 J-J
121
Gold Ss
1926 J-J
108 May'97
OreSh L— Istoon g5i.l946 J-J 114 Sale 114
114k
A
109)6116%
135)613996
107)6
104
100
100
DEi)u Pacific—
BR 4 land )irant g 48. 1947
Registered
1947
OreRy4Nay lit • f g 611909
Ore RR 4Nay oon g 4i.l946
Non-onm
104
16
J'ly '99
"si
819iOct.'99
118
119Hi
99 Atig'99
107
10
Oct.'99
Sale
81
Sale
94
180M
I12M 11394
11196115
11294 J'ne'99
11196
111?*
103
Oct. V
....
Deo. .2000 Mob. ......
Tol40C
W
12896
101
90
117
Feb.'99
StatlslRy 1st gu g 4)^8.1943
Sunb & Lew— See Penn RR.
Syra Blng 4 N Y. See DL4W.
'^rer
x86
.'9
U6ii
113)6 116
109
109
lis
90
118
118
ibV%
J'ly"99
113X
Sale
100
Ask.
69
97
Bonds Ss of 1932. M4N { 95
Hoboken—Stock
67
69
Ist 5s
114
112
Con. Ss
95
96)6
30
N Y 4 8 B Trans 4 Ferry 26
91
Bonds Ss of 1906.M4N { 87
10th 4 23d 81.8 Ferry
90
85
lit mort Ss 1919... J4D }10J)6
rnion Ferry— Stock
43
43%
lltSs 1920
M4N {108 102M
{ Buyer pays ac'^rued intere St.
Bid.
9',yi
1j:>
107
98^
OUTSIDE SECURITIES
Ferry Companies.
« Y 4 B R Ferry- Stock.
123
120kFeb.'9^
1905-37
68.. .1907
Ss.. 1 938
120
138
Oct.'«9
113>4
Guaranteed gold
2P9i J'ne'99
lOOH Ocl.'99
105H Oct.'99
1061^
108H
W
1021^ lOSH \0S%
J -J
SoPof Arga lstg68.'09-10 J -Jb 113H Bale 113J4
8 P of Cal Istg 68. .1905 A-O
1C7
Noof Ca) Istgug
W
1937 J -J
1943 A-O
April. 1943 Not.
Bee South Ry.
82% 251 82
Western Pao. See Cent Pac.
ChloSt40-yrlstour5s.'28 M-N
Oct '9fl
108
114
3 109H llOH
40-year oon g Ss
1938 M-N
10t«
103West Shore. See N Y Cent.
79 lOOH 105
Not'9-
M-N
-J
B P Coast 1st gu g 48.. 1937 J-J
SPaoof N Mex Istges'll J -J
GllaVQ&NlBtgue5sl924 M-N
184«
110
110
lat g 6a
K9H 461
Deo '9b
J
11994
M-^ 113% Sale
F-A 100
A
lasH
J-J 80 Sale
SenesB
J-J 3:% Bale
latg5sDet4ChBxt..l941 J-J
BtChasBndge lstg68.1908 A-O •108
Warren RR. See Del L 4 W
•••• ••»••
»Vash Cent Sk Nor Pac
Wash 04 W. See Southern
82« 87M West New York 4 Pa—
122
112
Mar'99
106i><
Stamped
113!^
Apr '99
116
A4N W 1st gug 58.1941
104
iisji ill
109!^ Oct.'fl9
Oct.'99
87 Oct.'B9
M-S
1st gold 68 8er B..1905
1906
iBtgold 68
lit g Id Be
1912
Ist con guar g 5s. .1937
108H
Oct.'99
1049<Feb.'9»^
Ore
SablnediT 1st g6i.. 1912
Con gSs
1943
M S
1931 M
1936 Vl-^
134H Tol Peo4 W Istgold 48.1917
125W TStL4KC latg 68tr.l916
134M 137H
112?^ Oct.'99
122
122
J-J
J-J
J-J
l8t gSs. .1924
See Southern.
l9.i6
138M146^ Tor Ham & Buffi st g 48 1 946 J-D* 99
187H 137?4 Ulstsr4Del 1st og 5s. 1928 J-U 105
nBl (Ohio) 1st g5s..l94S A-O 108
118M 119H
Jan.'99
Jan.'98
Oct.'99
106^ Sep
W
W
28
126" Ang'99
124H May'99
'
4NP
See Nor 4
1926
Beab 4 Roa iBt 58
Car Cent Ist con g 4s. 1949
131
122
ISO
110
1926
Series F 5s
Gen 5s
Gtd stamped
1 936 .n-N
O 4 W 1st oy gu 48.1924 F-A
West N C Ist con g 8s.l914 J-J
4 N Ala. See L 4 N.
cm
B Fe Pres 4 Ph l8tg 58.1942 M-S
B A 4 A P. See So Pae. Co.
litaf g5i...l9ie J -J •105
BT
Istoon g 6s. 1934 A-O 122
Bar F4
1934 A-O 110
l8tg5s
N B.
120
122k
109>i 115
102
99
131^ Sep.'99
.
Boloto Val 4
Feb '99
109Vi Oct.'99
99?4 Aug'99
106
118M
1
M-S
M-P
M-S
1921
1921
trust Co ctfs
Third Av 1st gold 5s....
119
108
133
US
10794 Oct.'99
115«
1916 31-
Ss
Eng
tPaol4Duluth—
lltSi
C 68
126^
118H S
lOOH lOoH Spok Falls4Nor Istg 6s.l939
132
23 107
3
100)^ Oct.'99
105 Oot.'«7
A-O
Sd g 4b Ino
124^
109H
Sale
112W 115
115>H 115M
112« 115
J')y'99
Sep.'99
J'ly'99
119
108
MS
M-S
M-P
1911 MS
1918 M-S
Small
Se iesD 4-5s
B
io6>6 loa"
117
118M
103J6 106M
114)6 1188
1906
1911
Small
U8!^ U4is
10316
Deb Ss stamped
1927 A-O '05
SoCar 4Ga Istg 5a.. 191 M-i« lOSH 107
Atl & Yad IttB gu 48.1949 A-O
Virginia Mid ser A6s.l906
79M 67
noS
io7)i
Aug'9';
100)i Aug'99
U894 J'ne'99
10394 Sep.'99
116
Oct.'99
J-J •116
M-N 118
g 4-58.1938 M-S
Registered
1938 M-S
Ga Pao Ry lit g 6s. ... 1922 J -J •131«
Knox 4 Ohio Ist g 68 .1926 J-J
Rich & Dan con g 68 .1915 J -J 120
UquipsinEIuudg Ss.l909 M-8 100
Series
M-^ 124
M-^
M-N
F-A
J-J •124
J-J 110
A-O 100
112M
•101?^
1930
1956
Scuall
rtB4VBBdglstg6s.l910 A-O •105
Kansas Mid Ist g 4s... 1937 J-D
BtL4 8FKBg48....1996 J-J S3
Boikthw DiT Istg 58.194'; v-o 100>i
Cent Dl« Istg
J -J
SmHll
L 4 Cal. Sm Mob & Ohio.
L 4 Iron Mount. See M P
4 N. See Wabash.
Bt L K
Bt L M Br. See T RR A of Stl
1906
Sdgold68 OlassB
1906
Id gold 68 Class
lit g 68 Pieroe C 4 0..1919
Ist 5-6S.1916
Small
86
108!^ Aug'99
J
BT Va4Gal8t7s....l900 J-J
Seres B 6s
8SK
J
10S14 Sale
J-J
A-O
J-J
Con 1st g5s
B Ten reor Hen
1.
353 103)4 113^
lOBH 109
loexioeu
l06XMar'90
53.1950
Ist g
Divisional g 5i
98«
99H
96
4 Greenv
Col
Bt
Bt
Bt louis i ban Fracciaco1900
3d sold 6s Class A
& Dan
Atlan
tinee
Jan.
Latt Bale.
J
J
1994
Registered
1994
Mem Dlv Istg 4-4)^-5sl996
Registered
1996
Ala Cen R 1st g 6s. ... 1918
Atl 4 Ch Air Line Ino. 1900
Range
Week'i
or
Range
Atk Lota, High. No. LowMieU,
Bid.
Southern Ry
1st OOD g 6s
LXIX.
[Vol.
4.
Friee
Friday,
Xov. 3
5^
BONDS.
STOCK EXCHANGE
Week Endino Nov. 3.
PlttiMoK&Yo— litgu68.'32 J-J
MoEee&B V lit g6t. 1918 j-j
1916 j-j * 95
FltUP4Fl8t gSi
Pitta Sb & L B l8t gSi. .1940 A-O
1943 J-J
l8taon80lgold 58
ritt8&We8t l8tg4i...l91T J-J 100
100
J P M & Co certfs
Plttl T & A8bl8t0on 581927. M-N 110
Page
(5 pages)
».r.
Nov'98
121
prices
9)4
2%
t
18
78
105
I.
t
13)6
1394
88
IIX
4
24
84
107
list.
109)4
17
19
Nov.
4.
THE CHRONICLE -bond
1899.J
Price
Friday,
Nov. 3.
BONOS.
STOCK EXCHANGE •I
Wkek Ending Nov. 3.
«.y.
El
III
Range
since
Jan.
Last Sale.
Ask. Low.
Bid.
Bd
Week's
Range or
High.
BONDS.
1.
Week Ending Nov.
q
119
J-D
J-J
M-N
M-S
M-N
FCh lstgug68.'05
qG4
Mu Fuel Gas Ist gu e 947
5.
G& Ell St g
Trenton
IfMtn Gas Co
1
5s.l949.
col tr g 58...'33
MISCBLLANBOUB BON DS.
M-S
Adams Bi— Col tr g 4s.l948
m Cot on deb g 88... 1900 Qu-F
AmDk&Imp58. SeeCenNJ
Am Spirits Mfg Ist g 68.1915 M-S
& S Car Co 1st g 68.1942 J-J
Bar
k'nWAWHlstg5s.l945 F-A
CahCoalMin. SeeTCI&R.
hlc Jo 4 StYd col g 5S.1915 J-J
Non-onm. Incomes 58.1907 J
OlMTf Bit Coal. SeeNYCAH
001C4I 1st congas... 1900
2397
B«gl8tered
Bardel C 4 1. See T C 4 1,
RR
bonds
Can.
See
el 4
Id gr 3He 8 A.19n
Det
rleT4Tcoltrgsf 5S...1926
Gr Riv Coal 4 C Ist g 68. 1919
Hack Wat Reor 1st g 5b .1926
HendBCo Istsf g68...1931
1910
Hoboken L 4Ig Ss
De H
M4M
1910
deb 58
deben 58... 1913
Iron Steamboat Co 68... 1901
Infl Paper Co l»t con g 68.' 1
^•ff4 Clear C 4 1 Istg 58 1926
1926
SdgSs
Knlck Ice (Chic) iBtg 5s.l928
es...l919
Mad Sq Gard Istg
Steel Co
iUNon-oonv
109
130H
106H
111
lOU
A-O
J-J
A-O
J-J
M-S
M-N
J-J
A-O
J-J
F-A
109M 109W
Sep.'99
107j<
131
107
120
120
108J^Oct.'99
105
103H
in7>4
10394
1039^ Sale
t03H
I02^diile
102^
103
1035i
105
78"
•
89
"so"
1039^
Bid.
50 t
Preferred
4
8h
a^
1
89
"so"
"•ii"
100
lOOX
97
100
Oct.'99
4i.
Cbesebrough Mfg Co. 100
Claflin (HB)-l8tpref.l00
100
Sd preferred
Sale
103^ Aug'99
'113
107
Feb.'98
145
21
23
lu9 Oct.'99
95V6Jan.'97
22M 33
•
109
113
Oot.'99
99
70
Jan.'99
107^
108M
n.
*
10394
.
Co. of
Distill.
101
101
"90"
90
95H
ioi
Registered
6b deferred certfs
Brie
4
7«H
52J4
W.v8tern Trans. 60
Fidelity
ridelity
G«rm>Ln
4 Casualty... 100
4 Dep (Bait). .50
Am Real BsUlOO
Goodyear Shoe Machine
Gorham Mfg Co-Com.lOO
100
100
Preferred
Great Falls Ice
Havana Commercial
Preferred
Heck-Jones-J Mlll-Pf.lOO
Ist 68 1922
M48
Her'g-Hall-Mar(a8st p'd).
Preferred (asst p'd) 100
Hoboken Land 4 Imp't
5b
Illinois
Trans
International Blevat.lOO
International NaTlg..lOO
t
78
129H
28
43
70
96
76
109
3-H 38X
90
103
98H
10
84
95
105
Intemat. Paper— Se« St'k Bzch Ust.
Bonds— See Stock Bzch. list.
Intemat'l Pump Com
toyi 88
Preferred
7UH 71k
Internat Sliver— See Stk. Bzob. list.
Do
do
62
pref.
65
Do
do bonds. IIU3H 10 3H
Iron Steamboat.
100
4
6H
01 1901
56
J4J
John B Stetson—Com.100 100
Preferred
100 120
Joumeay & Bumham. 1 00
3
Preferred
100
36
30
—
.
.
191
, ,
35
20
101% 181
110
101
Ang'99
Oct.'99
103
96
Aug'99
116
181
108
109)4
119^
103H 107!«
lOSW 103U
102>, 108«
n2}4 11»
114
iia
110
J'ne'99
seventh va
J'ly'99
lee
P
fl«
lOIH
....
i^ale
108
:08
lOSi^ 1079^
20
108H
reeedino.')
lOlU
I09X
109^
99
108V«
10694
106^ 109Ji
35 111
114
114U
35 ll'«
128 130K
128
131
10 110J4 113«
107^ 108M 10794 Oct.'99
112
Sale
1121^
M3
129M
129H
I'i'^H
118
112><
112^
129^
Oct.'99
18994 13»}4
129M
11014
IIOV^
1109^
11091
UIH
108
113
noH
UlH, llOH
107
105
108
104
108
100
100
117
106
100
3
110H113X
118
107
Oct.'99
Aug'98
8ep.'98
Nov'98
••«• t«t««f
i'l's"* Nov'''9'8
104
100
127
iia
94
90
J-J
J-J
J-J
J-J
112
110
Apr'99
109^
Peb.'99
I089t 110
I09}i I09V6
108
Apr'9c>
i"08" i'08**
lis
Feb.'''9'^
95
95
Oct.'99
95
9»
Aug'99
95
95
97
85H
87'
82^ 87M
861^ Oct.'99
8m
Merch 4 Miners' S 8..
. .
Mich-P Car Ist 5s'42M4S
.
Miscellaneous. Par.
25
Oct.'99
6
Oct.'99
60
63
Knickerb'r lce(Chic)-Se« StEz List.
Lawyers' Surety
100 103
107
LawyerB* Title Ins .... 1 00 148
156
Liberty Silk Mlll».....10O
110
Preferred
100
Lorillard rP)— Pref.. .100 115k n'e'
com.
(
w. i.
140
540
460
86k
Banks.
6«'13A40 107
J4J
96
4 Sm-V.lOO £6
• • •
Stat
Isl
RT
Stillw-Bierce
8wlft4 Co
1st 6s
100
108
1108
Am Bxch.... 183
Astor
485
Bowery*
890
Broadway.... t350
Butch'84Dr.. t 97
Central
300
Chemical
425
t3l3
3900 4100
Citizens'
I50k
....
••
170k
116
250
19th Ward*. 100
90
Ninth
North Amer. 300
, ^
Paclflo*
170
Park
t300
283
Commerce... 350
Continental 128
Corn Bzch*. 366
Bast River.. 130
nth Ward*. 160
Fifth Ave*.. 2800
Fifth
Plaia*
Prod Bzoh*.
Republic
t
Peoples'*
• • •
German Am* 115
German Bz*. 235
Union
West
a'eo
300
Germania*.
Greenwich*.. le-J
Hamilton*... 185
t787
Hanover
Hide 4 L'ath 188H «3Ck
Side*.
Brooklyn*
8th Ward*..
5th Ave*...
.
170
Liberty
Lincoln
385k
1
t
600
120
..
• • •
104
iSO
First
90
Ger Amer*.
Hamilton*.. 105
Kings Co*.... 100
Manufact'rs. <50
Mechanics*.. 213
Mech 4 Tra*. 245
Bid.
Aik.
ntati
tu.
..,..»
150
105
200
140
130
116
143
•..*••
115
105
Trust Cos.
L.
• • •
•
3C5
Atlantic Tr. 195
Bansers* Tr. 229k t
RltyB&T 300
310
3100
365
•*
3S5
405
360
•
Farm Ln 4Tr 1350 1435
Feder'l Trust
•••«
Fifth Ave Tr 435
Guaranty Tr 655
•••«
• • «
• •
ft
•
Int'l.Bkg4Tr tl61
Knick'rb'ok'r 370
106
Manhattan
tiSO
.
800
Mercantile
Metropolitan 425
MortonTiust tl50
.N V L 1 * Tr U50
N Y Sec 4 Tr 8 ;o
North Amer. 150
Produce Bz. tlf4
Real Est Tr't 300
StandardTr't 210
.
186
no
People's*.... 190
Banks marked with an
99
100
90
• •
t360
alO
Merchants'.. 174
t
130
poo
BOO
Metropolis*.. 415
*
26k 87k
.
t215
280
Nassau
280
Nat City
North Side*.. ....
accrued inu
28
113
116
.
H90
.
Qu
Scherm'rh'n*
17th Ward*.
3prague
i6th Ward'..
Union*
Wallabont*..
Ctl
BB'KLYN.
Broadway*
550
Leather Mfr. 200
*
Bedford*.... ai5
.
.
Sq*....
Western
York vine*..
.
40
61
SO
115
120
So
Central Tr'st.
City Trust.
Colonial
Continental
NY* 125
12th Ward*., 180
33d Ward*... 100
Union.
^50
1500
Garfield
Brokers'
Am Dep 4
810
826
State*
State of
80
Bid. |Allc
N. Y. CITY.
RiverBlde*... «90
Seaboard .... 260
Second
i350
160
Seventh
Shoe 4 Le'th 100
400
Gansevoort*.
....
—
3250
14th Street*. 145
Fourth
ISO
193
Gallatin
370
Pheniz
m
First
t
1979<
Oriental*
City
3(16 t021
Colonial*.... 340
Columbia*... 185
Banks.
Ask.
140
N Y Nat Bz..
New York....
85096
aignauou
fiO
m.
New Amst.*.. 673
New York Co. 1500
ISO
Chase
Chatham
Bid.
Mutual*
Nassau*
.
102k
109
Banks
Brokers' Qu otatio
Mt MorrlB'..
America* .... 480
95H
90
Pneum.HorseColL.l t
H
Pal. Car— Ste 8'k Eich. Ust.
213
Westingh Air Brake ... 50 tail
WisoonCentral 'is— .fee St ockEx list.
70
Ask.
78J4
88
Si;*
Wagner
80
700
Manhattan* t270
Market 4 Ful 285 836
Mechanics'.. tao5
Mech 4 Tra* 100
193
Mercantile
Merch Bzch. 116
l8t
2d 5s 1926
Bid.
98K
U.S.
55
Broker'' Qu otati <ms.
N. Y. CITlf.
a.
100
Ist preferred
100
2d preferred
U 8 Glass—Common.. 100
100
Preferred
100
U S Projectile Co
15
55
10
50
,
Irving
110
38
78
140
40
lie
.
395
93
74%
& MISCELUS,
Union TypewT—Com.lOO
10
75
71
84
aThese are option salM.
Preferred
A40 no7k
Home*
si"
Pieferrtd ^wheniss.)..
7B
Sutscrlptlous
ISO
Southern Cotton Oil.. .60 t 53
St andardCoupler.com. .
86
Preferred
113
1st 6s 1908
Title Guar 4 Trust... 100
Imp 4 Trad. 535
170
"78
108
70
Preferred
1
489
M
82M
Union Switca
17
6
Paclflo Coal. 100
Trenton Pott—Com.. 100
Preferred
100
Trow Dtrectory-New.lOO
Union Steel 4 Chain
•V6
190
143
600
95i^
96
S3
76m> Oct.'99
82J4 303
81
flln*
92ii 121
Mlgcellaneoua» Par.
As»
15k
Apr'99
92hi Sale
T Due Auguat.
183
Ist 6s
Tezas 4
• •
f28
Bid.
Term Wareh— Stock. .100
30
60
105
105
Simmons H'rdw-Com.100 180
Sloss-Sheffl eld,
88
Susq Coal 68 1911.. .j<kJ
Tennestee Copper...
8
13
Preferred
100
50
55
Procter 4 Gamble.... 100 375
400
Preferred
100 190
198
let 68— See Stock Bzch list.
Repub Ir4Steel— See Stck Bzch. list.
R.l. Perkins Horse Sh. 1 00
85
Preferred
100
50
.,
RoyBakPowpf
9894 99k
Rubber Goods Mfg
80k 31
Preferred
84
85
Russell 4Erwin.
72
25 t 66
Safety Car Heat 4 Lt.lOO 160
ISS
Schwarzchlld 4 Sulzb.lOO
39
42
Semet-Solvaydeb 5b...
101
103
Preferred
100
Singer Mfg Co
100
Standard Oil of N J..100
Stand Und'rg'dCab)e.lOO
8I088 lion 4 Steel
General gold 4^8
Ist 68 1917
F4A
9594 Sale
Ore Sh L ctfs dep colt tr B...
Sr L I M 4 So new 30 y 48 ( w 1)
5
35
Minneapolis Brew 1st 7s.
.....
Mosler Safe Co
100
100
Monongahela Water... 25 t 42J^ 43
Nat'l Gramophone. ... 1 00
67
68
National Saw— Pref.. 100
25
National Salt
44k 4S
Preferred
75
76
National Surety
100 145
National Tube
46
47
Preferred
99
98
National Wall Paper. 100
65
73
N. B. Blec. Veh.Trans.
7M ;«
N Y Loan 4 Imp
100
50
N Y Biscuit 6s 1911. M4S 114
New Jer Zinc 4 Iron.. 100 135
•••»
N. Y. Bl.Veh. Transp.lOO
17
17k
N icholsou File Co
50 t 80
Nicaragua Construct. 100
10
NilesTcolWrks. com.100 105
Preferred
loO 133
126
Otis Elevator—Com...,
89k 31
Preferred
91
93
Peck, Stow 4 W110OZ..25 t 33
Pegamoid, pref
100
35
Pennsylvania Coal
50 40"6
410
Penn. Water—Com..., 50 t 5
6
Phil 4 Wil Steamboat. 50 t 66
68
Pittsburg Brewing....
8696
Pneumatic GunCar'ge.lO
Pratt 4 Whitn— Com..l00
MetrWSEl(Chic) I8t48 1938
Ask
•
60
63
ctfs...
tr ctfs
Bid
•
350
t200
306
33
Z 49^4 60
98
110
118
170
180
24
36
64
66
60
8M
119
consecutive paqi&s).— BANKS
7
•
70
6
18
110
105
108
108
I
. .
13M
..,,.
108
no
103i4 J'ne'99
108!^Sep.'99
lOOH
WiscCea 1st 48 (wi)
90
Due May. i Due April. Bonds due January.
,
13M
Bppens dm 4 Wlem..l00
Eastman Kodak Co.. .100 105
t
(Given at foot of
t
37«
19
88
65
90
Due July
t
3dH 40^
Preferred
Blectric Vehicle
Preferred
t
50
23
BQeotrio Boat
90
Oct."'9P
f4
65
Pref
29H 883
114
110
fr-j
113H Tenn— New settlem't Ss
104
100
11
Mlscellaneoun. Par.
101
101
.
86
25HJ
116
(Pot daily record
Virginia fund debt 2-38.1991
'
Madison Sq. Garden- 100
M4N
2d 68 1919
Maine S S
50
76
346
America
GOV. 8BCORITIB8.
Small
at
72
340
t
35
85
102H May'99
68
1919 A-O
So Carolina— 41^8 20-40.1933 J -J
Apr '97
103J<Oct.'99
107 May'97
80 May'97
101
ComiEon— Se« St.FiX. list
Oon Kau C Smelt 4 Ref .35
Consol Rolling Stock. 100
Oramps' 8h 4 En Bldg.lOO
Diamond Match Co. 100
'97
UNLISTED BONDS.
14
10
S.
Atch Col 4 Pac fls tr
Atoh J Co 4 West 6s
10
75
48
.
Small
95>i Oct.'99
60
50
Clark MileBnd Thr'd.lOO
Oonsolld Car Heating. 100
Consol Flrew'ks-Com.lOO
100
Preferred
Feb
110
110
108
107
.
,
J'Iy'99
95?<
93?^
104
55
B5
Ohateauaay Ore* Ir 68 '15
Ohes 4 O Grain Bl— Inc..
101
1
105
95^
Bond 4 Mort Guar. ..100 295 315
Carter-Crume— Pref. .100
67H 80
100
90
Celluloid Co
95
Cent Flrew'rks—Com.lOO
13i^ 16
Preferred
J-J *110
J-D :08
F-A
J-Jl
M-N
M-N
U 8 2s registered. .Optional O- M
1918
F
35^ 94H U 8 3g registered
1918 t F
D33scoupon
Q- y
75J< 92!^ U 8 38 reg small b nds.l9
U S 3s cou smaU bonds. 1918 Q- F
1907 >^-Jt
U 8 4s registered
1907 Q-Jt
U 8 4s coupon
1925 ,Q- F
U 8 48 registered
1925 Q- F
n 8 4b coupon
99H 101
8 58 registered
1904 Q-F
1904 Q-F
D S 5b coupon
105
105
8TATB 3BCDRITIBS.
86
97
103H lOS^ Alabama— Class A 4 to 5. 1906 J-J
SmaU
1906 J-J
Class B 58
1906 J-J
Class C 48
Currency funding 48... 1920 J -J
23%
nn 110
Dlstof Columblar-3-658.1924 IF1C8H
Louisiana— New con 48.. 191 J-J
Small
Missouri- Funding. ..1894-95 J-J
lis
lis
Nortn Car- Consol 48 ... 1 9 1 J-J
"99" *9"9*
109«Feb'97
OUTSIDE SECURITIES
Par,
110
II
. .
90
88
*No price Friday; these are latest bid and asked thiB week,
—Cuiu..60
Low High
WhLB4PCCo
58.1918
1918
Un.
See
MUcrllaneous.
78.
78..
J'iy''*9*9
Sale
28>4 Sale
1875-00
1875-1900 M-N
1884-1900 4»I-N
1884-1900 M-N
Registered
Col trust our 58
1938 J -J
MutDnTelsf'd 68... 1911 (M-N
Northwestern Tel 78. ...'04 J -J
lstg58.'19 J -J
Debenture
liiii
E6
Registered
T 4T Istsf g
MetRegistered
BUsB Company
Birm Dtv 1st con 6s... 1917
Cab C M Co Ist gu g 68..'22
De Bar C4ICogug 68. '10
West Onion deb
107« Ul«
104^ 107^
Aug'99
107
Ask. Low. High, yo.
'
8 EnvelCo Ist sf g68 1918
D 8 Leath Cos f deb ff6s.'l3
Vermont Mar Ist s f 59.1910
108V6118
111)^ Apr'«9
104)^ Oct.'99
1.
See West. Un.
m
U
since
Jan.
Last Sale.
3.
3.
Bid.
Deo '98
10354 Oct.'99
101 Mar'98
J-D
J-D
A-O
M-N
ManBchH&Lgeng4s.l940 M-N
M-N
M-N
Wn
Hut Un Tel Co.
Col8tg6s'2()'
M-N
StarchMfg
NatwptNews S4D D 58.1990 J-J8
NT4N
J Tel gen g5scy.'20 M-N
NT * OntLanrt 1st e 68.1910 F-A
Week's
Range or
Nov.
TennCoalTDlT l8tg68.1917 A-O
109M Apr'99
107
120
106
.
109"
M-N
F-A
Q-J
Q-J
.
nSM Aug'99
107
OolC4IDevCogug58..1909 J-J
Coupon off
Fuel Co gen gold 68.1919
Ool F 4 X Co gen 8 f g 58 1943
Oom Cable Co 1st g 4s... 2397
97«
-J
FA
Clol
97
Range
Price
.
Klng8 Co Ea L &P. See Edison.
Lac Oas-L Co of StLlBtg 5b' 1 Q-F* 107X 109
1919 Q-F*
BmaU bonds
Mnt Fuel Gas Co Se^ PeopQas
Pao Gas & C Istgu g 68. .1904 M-N
1904 J-D 107}^
8d gtd g68
1943 A-O •119 125
lit oonsol g 68
1947 M-S
Refunding g 5s
1947 M-S
Keglstered
Oh Q-L4 Cke 1st gu g 5s'37 J -J 108H
OonGCoofChl8tgug5s'36
97J6 Oct.'99
947
5.
Fridat/,
Paorla WatCo g 6s. .1889-19 M-N
Procter & Gamb Ist g 6s. .'40 J-J
RochA Pit C4 1 pur 58 946 M-N
8t L Ter Cupples Station 4
Prop Co Ist g4J<8 5-20 yr'17 J-D
8 Yuba Wat Co con g 68..'?.3 J-J
8p Val Wat Works Ist 68. '06 M-S
Stan Rope 4 T Ist g 68. 1946 F-A
1946
Income g 5s
Sun Ck Coal 1st g s f 68..1912 J-'b
.
97
*-.S
Low High
IfO.
NoWestn Teleg.
KliiKsCoBl L&Pg68.'87 A-O
Purchase mon 68. 1987 A-O
1939 J -J
l8tcong48
qQa8LNYlBtoong58..'32 M-8
G & Fuel. Se« P G 4 C Co.
a«n Eleo Co deb R 58... 1922 J-D
arEapGLCo Istg 58. .1915 F-A
r O Mo Gas Co Ist a 5g. 1922 A-O
page
(5 pages)
N. Y. STOCK EXCHANGE
(Con)—
of Bklyn
prices
•
300
185
9u
107
350
LOU
....
360
,
.
•
n
850
160
,...#•
BR'KLYN.
L
L
Tr
t52
i2itk
tl88
170
People's..
:i3S
19-
Wllllamsb'gh 1200
••
•
•••••«
Brooklyn Tr. ilO
Flatbush.... 160
Fraukiln .... 310
Hamilton... ^80
Kings Co.... 345
Sassau
• •
•*••••
• •
Slate Trust.. 410
Tr.Co.of Am. t234
....,
union Trust. 1425 i435
[J8Mt8 4Tr. 5a5 555
Ud'.i. states. 1600 •••••
Washington ^95
Manufact'rs
266
•••••«
4S0
Isi
at
• «
*S
'
•»•
•
•
••(,
{ Purchaser also pays
asterisk (*) are State banks.
t Sale at Stook Bzoh. or at auction this week.
Price per share,
THE CHRONICLE.
948
[Vol. LXIX.
—
Boston, Philadelohia and Baltimore Stock Exchanges A Daily and Yearly Record.
Sbare Prices— Not Per Oentam Prices.
Sales
ACTIVE STOCKS.
of the Range of Sales in 1899.
Saiurday,
Oct.
250
108
245
208
250
<»107
Monday,
Tuesday,
Oct. 30.
Oct. 31.
28.
251
251
850
250
107«
1075i '107
108
245
245
205
245
205
138H 133?^ 184
142
141
• •••• 128
128
•38
389i •38
345
208
4»H
•119
26M
54«
•76
120
27
14
14
14
53^ 56
•76H
208
93J4
98
40
SOhi
40
81
79
93>^
39H 40^
79k
3% 3H
1% 3
3H
373
870
6^
6%
Nov.
1.
•250
351
107k 108
•245
205 805
805
350
250
10791 107«1
345
205
205
128
128
38
•44" 45
120 120
265^ 27
14
14
93
93
55
549i
128
35k 38k
45
130
27
269i
13k
•92
•76
•75M 76
208
93k
40k 40M
79
SO
3^
1%
370
3k
1%
5^
SH
23%
70
•68
785
745
70
725
23% 24
69
745
208
65%
96k
24
65%
•62%
*44" "ii'
117k 120
21
81
36
45
20
80
20
80
20
80
20
80
11
11
11
11
104
104
29
29
64?i
81
10
11
•103J4 104
154
7691
3891
13
93k 83k
93
93k
93% 83k
40
33
40
7991
79
3k
79k
3k
3k
396
370
374
596
5?6
43
•47
44
47^i
66« 66^
*
•67
70
765
755
65
760
21
6296
65
768
21k 22k
61
61H
47
>
.
48
117k
.
'6891
60%
I
20
80
'103k 104
154
27« 27H
2B9i 26%
25H 35%
43M 44
49k 60
•46
46k
Bid and aaked prices
29
25«
163k
429i
29H
25.%
163>,
43
96k Philadelphia Traction
1091 Reading Company
30% 30% Ist preferred
•16
I6k 3d preferred
47% 48k Union Paciflc
104
39
29
259i
asji
43
43
449k
49k
46k •46
no sale wa made
80k 81
79k 80k
104
•152
104
39'
3k
163
44
44
45
66k 06k
a 30 11-16
Ask.
STOCKS BONDS
Nov.
125
3.
MISCKLL.— Concluded.
W
Ga South &
Fla.(BaIt) 100
100
"
2d pref
100
G'rmanfn Pa8s(Phll) 50
"
50
Hestonv
50
Pref
50
Hnnt & Broad T "
"
50
Pref
"
100
Inds Street
MAT
KG
303
60
23
160
271
Ft8&M..(Bost)100
"
Pref
100
Little 8chuylfc.(Phil) 50
29%
64
27
65
85
"16'
40
e
is"
50
185
54k
"
t
MIBCBLLANBOUS.
f.Uonei Mining(Bost) 85
AmIr4Steen.(Phil)
Arcadian
(Bost)
Arnold Mining. "
"
Atlantic Mln'g.
"
Baltic Mining..
Beth SteelT....(Phil)
uoiton ElecLt.(Bost)100
Cambria Iron.. (Phil) 50
Canton Co
(Bait) 100
Centen Mining. (Bost) 35
"
Central OH
Con. Lake Sup. (PhU)
"
Pref
Daylight Prism. "
Dlam State St 1 "
SM
38k 39
8
9
85% 87
35
24k
rranklliiMlu'g.(BoBt) 35
"
100
"
100
QenBl Aato-MT(PbU) 60
Greger Mfg.... "
10
Ind-Bgyp ComT(Bo»t)100
IntButUASM
Atl
"
G
9
5
3k
35k
3491
Bonds— Boston.
BeU Tel 48. .1908 J4J
AT&8Fgeng48.'95A&0
41k
{103
-
BosUnGaslst5s.'39J&J
84
2dM58
1939 J&J
58
Bur& Mo Rlv ex'pt 6s.J&J .120
Non-exempt 88. '18 J&J 107
Plain 4s
1910 JiJ 100
Ch Bur& N Ist 58.'26 A&U 101
,
Ch4NoMgu5s.'31M4N
44k "87* Chi 4 W M gen 5s.'21 J4D
Con. of Verm't 5s.'13 J&J
85k
26
36k Curr't Riv 1st 5s.'27 A40
82
23k D G R 4 W 1st 48.'46 A40
Domin Coal Istes.'lSM&S
19
Bast'n St M 6s g.'06 M4S
Fr Elk&M V Ist 6s '33 end
32k
Unst'p'd 1st 68.'33 A40
b9
99
93
83
i
i 93
4111
{116
{140
{138
{105
{101
{ 82
}114
{106
} 94
50
{105
{120
il05
101
1918
68
175
1
Steel conv 5s.' 10 J&J
Debenture 5s.l913A4U
KCC4 8l8t5BK.'25 A40
111 in
16% 17
121k 123%
""496
19
3
108k
85"*
;
03
139
8k
43
98k 99
83k
Adjustment g 4s.. 1995 , 83
Boston Term'l 3ks. .1947 ;114
140
KCFtSiG l8t7e.'08J&l)
K C F 84Mcon 6s.'28M4N
K C M 4 B Ist 48..'34 M4S
Income 58
K C4 M Ky4B 58.'29 A40
K C St Jo 4 C B 7s.'07 J4J
30
"
H
LBock4F8lBt78.'06J4
LB4StLl8teBg.'26A40
3d
M
6-6
g....
1936
Mar H 4 Ont 68...'25
A40
A40
1114
Mex Cent 4s s. 191 1 J4J } 75
Ist con IncSsgnon-oum
26
8d con Ino 3b non-cnm..
Ilk
.
Gold 48
F4A
1917
388
H
1 191
60
33
Jan.
Jan.
7
May
17
«
3
Jan.
3
7891 Jan.
4696 Feb. 8
23k Jan. 3
3
3991 Jan.
20
Oct. 30
75 Au?. 8 83k
15%
991 Oct.
10191 July 11 107
133 Jan. 4 158
2596 Oct. 27 53k
3196 May 24 3396
137k Jan. 5 175
38 Jan. 3 55
36% Feb. 18 60k
39 Jan. 4 5296
56 May 31 70
519
31,487
14
114
1,341
732
1,363
\.
460
81
3,827
3,244
359
4,053
436
87
85
«10C
{
no6
107"
«
Feb. 18
May
July
6
Sept.
39
Mar. 9
Apr. 87
Feb. 6
Aug. 34
Jan. 36
Majr 17
Jan. 83
June 30
Jan. 84
Mar. 33
Mar. 33
Feb. 31
Jan. 83
Apr. 36
Feb. 81
Feb. 31
July 11
Oot.
11
S pt.H
Aug. 35
Aug. 31
OoL 6
Apr. 31
80
tlar.
Aug. 80
May 81
July 14
Sept 5
Apr. 85
Apr. 6
Apr. 6
Mar. 30
Apr. 8
June 18
Ang. 8S
114
114%
Bonds— Philadelphia
Vy E ext 7sl910 A40
130
Alle
Asphalt Co 5s tr ctfs
AtlCltylst5sg..'19 M4N
Balls Ter Ist Ss. 1926 J4D
90
ibd
101
ibe
107
BBoroGaslBt58.'38M4^
Cambria Iron 88.1917J4J
Che8&DCanl8t58.'16J4J
ChocOk4G gen 5s'19J40
Clt's'St Ry(lnd)con 5s.'3S
{10591
18
Ang. 6
Aug. 3S
Ask-
'
10
1
Ang. 89
Bid.
BONDS
WU& Weld 5s.. 1935 J4J
an
105
May
Oot. 87
Mar. 80
Sept, 5
Apr. 85
Apr. 88
895 Feb. 31
2596 Sept. SO
71k Mar. 18
63 Apr. S
120 Oct. 37
74k Apr. 8
45 May 83
45k Mar. 8»
28k July 85
Baltimore—Conclu'd.
West N C con 88.1914 J4J
West VaC&P 1 8t6g. 1 1 J4J
West Bnd St Ss. .'02 M&N 5103
1914 M4S aiik
4k8
-
• •
•#
•
1st 68 tunnel 1911..J&J
Bal Trac Ist 58.1929M4N
Bxt & Imp 88.1901M&S
NoBaltDiv 58.1942J&D
Bast&A
li4k
60
90
100
94
83
118
105k
101%
83
107
"51*
Indianapolis
76
87
13
ibe"
99k 100
City&Sub lgt58.1922J&D
Col&Grnvlst5-6.1917J&J
Consol Gas 6s. .1910 J&D
110"
118
1930J&D
Ga 4Alalstpf58l945A40
GaCar&Nl8t58g.]929J&J 101
Georgia? l8t5-68 1922J&J
Ga8o&Flalst58.1945J&J ib?"
KnoxvTrac IstSs '28A&0
Lake R El lst«u58'42M&S
Maryland Brewing 6s ....
88k
MetSt( Wash) 1st 58'25FA
ioo"
Orl
Ist
Gas
58...Var
New
Norfolk St 1st 58 '44.J4J
NorthCent4ks.l925A40
A40
6s 1900
J4J
6b gold 1900
J4J
6s 1904
5s 1936... .J4J
Series
Series B 68 1926.... J4J
Pitt Un Trac 58.1997 J&J
A
PotomVal l8t5s.l941J&J
loik
ib7k
106%
117k
8891
188
107k
101
lOlk
103k 103%
108
119"
1st 68.1906 M48
2d series 8s.. 1911 M&S
3d series 68.. 1916 M&S
4th ser 3-4-5S.1921M48
5th series 58.1926 M4S
Va (State) 38 new.'32J&J
Fund debt2-38.1991J4J
ya4Tenn 3d 58.1900 J4J
1900 J4J
8b
« • •
•*
9896
Ry
4s.
.1933
107%
•
••
• •
112k
80
Newark Pass con 58.1930
••••
104
NYPhU&Norl8t48'39J&J
Income 4s. ..1939 M&N
No Penn Ist 4s..'36 M4N
GenM7B
1903J&J lV8% 115
131
Penn gen 6b r... 1910 Var
Consol 88 0. ... 1905 Var lie"
-••••
Consol Ssr
1919 Var
Pa 4 N Y Can 7s..'06 J4D
•
1939
1939
Cons 5s
Cons 4s
A40
M
M
Consol
M
106
A40
M4N
l8t5s.'17
People's Tr tr oerta 48.'43
PhUa Blec gold trust ctfs
Ph4Er gen 5g.'20
48 g.. 1920
Gen
Ph 4 Read 2d e8.'33
A40
A40
A40
9S
107
99
119
107
108
iVd"
•
7S..19H J4D
Con M 68 g... 1911 J&D 123
Ext Imp M4s g.'47 A&O 104k
Con M of '82 48.'37 J&J
Terminal 5s g.l941 Q-V
119
8896
105
KCSub B l8t68..'20J&D
K C P & G Ist 5s..'23 A40
iH^
Lehigh Nav 4k8. .'14 Q^
1914 Q-F 106
RR4sg
Gen M4k8g.. 1924 y-F
108%
§:1
Leh V C'l lst5sg.'33J4J 100% ioi%
Leh Val ext 48. .1948 J4D 116
1910 M48
2d 7s
Consol 68
1923 J4D 118
189%
Annuity Ss
J4D
107
New'k Con Gas 5s '48 J4D
Penn Steel
8ecAvTn(Pltt8)5s'34J&D
Sav Fla 4 West 5s '34 A40 110
Seab 4 Roan 5s.l926 J4J
76
United By 4 Blec Income.
48
111
11891
ibsji
Che8apGas6s..l900J4D 102%
VirgMid
107
J &J
.2862 A&O
Gas-L Istg5s.l928
118
J4J
Ext & Imp 58.1 932M&S
Cha8CityRyl8t5s'23J&J 105'
5s
109
• •
1st 68.'10 J&,)
Ss...
Hestonv M & F con 5s.'24
H& B Top con 5s.'25 A tO
iaok
M&N
Cha8RyG&E15s'99M&S
BIm&WUm
Eq
116
M 5s.'20 M&N
Ist
Edison Blec 5s stk tr ctfs
Elec& Peop's Tr stk tr ctfs
Income
M4S
Central Ry 6B...1912
Consol 5s.... 1932
CharlC& A extSs. 1 9 1
* • •
.
BaltCPaslst5s.l911M4N
Bait Fundg 58.1916 M&N
Exchange 3k3.1930J&J
Balt&Ohio 48g.l935 A&O
Statl8l2d 5g.l926 J&J
Balt&Plstesml 1911A&0
Cent Ohio 4k8 g.'SO
53
8k
l«tmort6s.. ..1905 J4J
Ogd 4 L C con 68.'20 A40
Income 6s
1920
Rutland Ist 88.. '02 M4N
Torrington 1st 58 1918,
Jan.
137 635
8,792
771
2,090
Ask
Conv'rtible 5al906M&N
"59'
"
100
Westm rel Coal "
50
WlDona Miniug(B08t) 25
Wolverine Min. "
25
Am
4k
36
25
11
Pref II
N Y4N Bng
A&O
1907
July 28 45
Sept. 26 84
July 28|
*3^
July 11
4,670
5% Oct. 18 1491
42,759 12396 Jan. 4 188
469 110k Jan. 16 122
10,130 13% Aug. 4 1996
247 363 Jan. 7 398
790 60 Sept, 15| 108
.
Ist 7s.'05 J&J ill6
.
37^ 37%
.
6s
2k
Ik
843 373
.
Bid.
23
77
1,269
1,314
3,875
170
....lOd
Jane 87
Bonds- Baltimore
& Pot
Ss 103%
10491 106
4Ch 1st 78.1907 J4J
ColomStRy lstcon5s.'3l^ 109
6k AtlG-Lightlst5sl917J4D
114" Con Trac of NJ lst58..'3S 110%
8k Atl Coast L ctfs 58 J&D
Bait Belt l8t 5S.1990M&N
Del & B Bk 1st 7s.'05 F&A
188%
112'
30
30
U 8 PHorseColVfPhh) 1
Utah Mmlng..(B08t)4-85
Warwick I & S (PhU) 10
Welsbach ComH "
100
M
688
8,031
991 May 13 1291
19,970 25 13-16Jan.7| 34
254 13 7-16Jan H 18%
2,863 3896 June 30 50k
1,584 72% June 1 84
10,705 3196 Jan.
7 4491
1,172 1696 May 17 2396
May
Ih
45
36k
589 90 Jan. 3 96
(Phlla.)....
BONDS
Ask,
Anacostia
J&D
20
174
Alkali
Rys Co Generan( Phil)
2d
10
3k
85
38
40
Mannfac Rub.. (PhU) 60
5
"
Pref
60
Marsden CoT .. " 100
Mergenthaler (Bost)lOO 206
208
Mex Telephone
10
3%
laleBoyaleT....
American
Ch Bur 4 Q 48.1922 F&A IC00
Iowa Div 48.1919 A&O 1044
Chicago June 58.19 15 J4J
14
Domin Coalpf.(Bo8t)100 115 116
BdlionBl III... '
100 805
BleoCoof AmT.(Phll) 50
1&96
aanerai Elect..
Pref
391
Boston— Concluded
New Bng Tele 68.'99 A40
Torrington "A"(Bost) 35
"
Pref
25
Un Cop L & M'g "
25
Un Shoe Mach.. "
35
"
Pref
35
58%
"
Preferred
8u8queI&ST..(PhU) 6
5%
Tamarack Mln.(BoBt) 25 312 315
Tidewater St... (PhU) 10
1496 14k
50
77
2,312
30
32
3,638
miscellaneous Stocks.
Amer. Agrical. Chemical. ...(Boston). ...100
"
5
NoAmG Dredg(Bost) 10 81 23
7
Old Col Mining. "
35
e«<
86
Osceola Mining. "
25
85
Palmetto Co.... (PhU) 35
Ik
Ik
ParrottSil&Cop(Bost) 10
45H 46
Penn Eleo Veh.( PhU) 50
"
Pref
50
Pennsyl Salt... "
50 113
Pennsyl SteellT. "
75
"
PrefT
100
Qulncy Mining. (Bost) 25 iso" 155
Santa Ysabel
45
75
30
50
50 150
PhU Germ & N.
100
UnltedNJ
£7491 •••••
50
United Tr of P. "
50
Pref
47k • ••
West End pref.(BoBt) 50 lis 116k
WestJer&8 8.(Phll) 50 60
50
WestNY&Pa. "
696
691
Wis Cent, Dew.(Bo8t)100
19
20
"
Pref
100
59
59k
Wor Nash 4 R. " 100 181 !•• • t
Phil
Bid.
Rhode IslMln.. (Boat) 35
"eo'
Maine Central. (Bost) 100 175
Mlnenill&SH.(PhlI) 50 60
50
Nesqaehon'g V. "
50 104
North Penn.... "
4 Br
65
"
1st pref
40
80
Nat TypewriteriPhil) 25
15
5
Preferred
(Phlla.).... 50
United Ry & Elec. Co.(w. 1.) (Bait.)
,.
"
Preferred (when Issued)..
West Bnd Street
(Boston) .... 50
New Hav I & ST
100
"
100
"
Pref
100
"
100
Mich.
Chlo 4
"
100
Conn & Passum
"
100
Conn Rivpr....
ConsolTrPlttsir(Phll) 50
"
Prefl
50
Flint & Pere M. (Bost) 100
"
100
Pref
438
.
Bid.
Central Mass...
84
6,574
.
RAILROADS.— Price*
Atl & Charlotte(Balt) 100
Bos h Maine pf. (Bost) IOC
Boston AProv.
896
246
50
"
*1?6
Preferred
10 paid
370 371 American Bell Telephone... (Boston).... luu
(Phila.) 5 paid
5k American Railways
156k 15896 American Sugar ReSningi. (Boston). ...100
"
118 118k PreferredU
100
( Phlla. )
5 paid
1596 1591 A sphalt Co of America
320 332 Boston &, Montana
(Boston) .... 25
•70
73
Butte&Boston
"
.... 35
770 770 Calumet & Hecla
"
....35
21k 22k Cambria Steel. ($1-50 paid) (Phila.)
•61
62 Consolidated Gas
(Bait.)
100
48
(Boston).... 100
49k Dominion Coal
117 117 Brie Telephone
"
100
"
5891 59% Federal Steel
....100
"
Lam son Store Service
.... 25
Lehigh Coal & Navigation. f Phlla.) .... 50
•21
22 Massachusetts Electiic Cos. (Boston). ...100
"
Preferred
80
80
.100
National Electric
(Phila )12kpaid
New Bng. Cotton Yarn, pref. (Boston).... 100
10391 104
153 154 New England Telephone
"
....100
"
Old Dominion Copper H
.... 35
31
,
39k
Pa. Mfg. Light & PowerU . (Phlla.) .... 50
162 United Gas Improvement t..
"
161
.... 50
44
(Boston).... 25
4Sk United States Oil
Welsbach Light t
(Phlla.)....
5
•46
Westingh. Electrio & Mfg. . (Boston) .... 50
•86
"
Preferred....
.... 50
,
31 1-18
INACTIVE STOCKS
"
=
Union Traction
18
.
160
44
47
3
»79
39
.
30
80
104
•152
•39k
7796
Mar. 7 880
4 11«H
Jan.
Jan.
H 245
4 310
Jan.
124k Jan. 4 149%
139% Jan. 3 154k
124 Jan. 12 138
29% Jan. 3 43k
4391 Jan. 14 49
107 Jan. 3 123
23k June 1 30
5% Jan. 7 17k
90 Jan. 21 95
7 57k
4291 Jan.
74 Oct. 10 81k
198 Jan. 4 313
61
Jan.
3 70
94% Jan. 3 100k
5,17
1,157
50
50
"
.... 50
"
.... 50
"
.... 50
"
.... 50
(Boston)
100
"
....100
1091
18
40
Highest,
201 345
34 4 8091
11 327
180 170
(Phlla.)
96
18
79k
(Boston).... 100
"
....100
"
....100
Boston&Maine
"
....100
Chic. Burl. & Qulncy
"
....100
Chic. June. & Un. Stock Yds.
"
.,..100
"
Preferred
....100
Choctaw 01ilahoma& Gulf.. (Phila.*.... 50
"
Preferred
.... 50
,
Fitchburg, pref
(Boston).... 100
Lehigh Valley
(Phlla.) .... 50
Mexican Central
(Boston) .... 1 00
Northern Central
(Bait.) .... 50
Northern Paciflc
(Phlla.) ..,.100
"
Preferred
....100
Old Colony
(Boston).... 100
6591 Pennsylvania
17%
63
63
61«
46k 48« 47
47k
117k 117^ 117 118
55^ 54%
58k 60k
35
36
It""
35k
•44«
45
45k 45k
•44
120
51
38
'45'
45
119
54
807
65%
6591
96
9896
13-lrt
10 15-16
11-16 3096 31 1-16
16k 1691 16?<
47k 4796 48k
7T»*
77% 7?
39
389<
3996
21
21k
2796
807
207
307
5H
70
750
4591
120
27k
14
14
14
13k
•93
•92k 93k
"54%
•54^
55
55
5491
76k
78k 7696 7896 •76
369k 375
370
129
4591
Lowest.
Railroad Stocks.
206
120
27
8891
14
Shares
Boston & Albany
Boston Elevated
Boston & Lowell
38k 38k
130
120
Week.
H Indicates anllsted.
850
107
129
3791
4594
151%
153!4 15594 153
154k 154k 158%
117^117^ 117« 118
117k 118
118k 118k 118 118^
1B« 15% 15% 16% 16% 16% 15H 15%
15k 15%
323 325
323 323
323 323k 330 333
x32l S22
•67
350
107
•245
•205
123
369<
4191
44
120
•206
93
128
188
151?i 1539:4
740
Friday,
Xov. 3.
2.
133H 133« 133k 134k 134k 133k 13496
142 144
144
144
14891 143k
140k 148
66M "665^ x55
98^ 96k 98k
109i lOUt lOM
30?^ 30H 80^
•18
16 7-16
16k
16k
4P
48H 47^ 47k 47H
78^ 78% 77
78
nn
38?6 38^
38k 38k
17%
17-M
93«
373
76Ji
....
Xov.
66« 88Ji
96H 98 H
lOH 18k
66H 66W
96
96
lOH im
30
SOH
•16M ie«
47« 47H
77HI 77^
37« 38H,
17H 17%
873
46^
•161^
26% 27H
55i<
76H,
8?^
123
39
119)^119^,
206
206
245
304
134% 133
Wednesday Thursday,
•
••
130
123%
104%
(OS
138%
PWil&Balt4s.l917A&0
78k
87k 97k
117k lis
CoUat trust 48. 1921 J&J iiok
103
C48t L 7s. 1 900 F4
Read Co gen 48, 1997 J4J
Rochester Rycou 5.S.1930 107k 108
SchllKSldelstSs g'35J&D
ink
Pitts
st
'32M&N
F Ry & Nav Ist Ss 101
Scran True
Seat 4 S
I
rt.t
Union Term'l IslSs.F&A
'id"
86
88
United N J 4s. 1944 M&S
UnTraoPltts gen5B'97J&J
.
iAnd
interest.
114
113
t»l-30 paid.
•Price includes overdue coopo ns.
November
4.
THE CHRONICLE.
1899.J
949
Jan. 1
Latest (hross Eamitiffs.
Inxrjestmjcnt
WeekorMo
AND
K.C.Mem.&Bir. 3d wk Oct.
Kan. C.N. W.... September
RAILROAD EARNINGS.
The following table shows the gross earnings of every
ITSAM railroad from which regular weekly or monthly returns
tua be obtained. The first two columns of figures give the
gross earnings for the latest week or month, and the last two
tolumns the earnings for the period from January 1 to and
Inoluding such latest week or month,
The returns of the street railways are brought together sepmratdy on a subsequent page.
Latest QroMM
BOADS.
Mamingt.
WeekorMo
1899,
Angast.
23,819
9
AAlrondaok
41a. Gt. South.. 3d wk Oct,
Aagust...
Ala. Midland. .
Ala.N. O. & Tex. iPao. Jwao.
BT Orl.&N. E 1st wk Oct
Ala. & Vloksb. ist -wk Oot
yiok8.Sli.& P. ist wk Oot
45,3081
61,257]
.
1898.
S
20,565
33,711
75,784
Jan, 1
to
Latest Date
1898.
1899.
S
$
144,690
1,37^,113
550,549
130,912
1,535,411
534,434
21,000 1,243.676 1,062,098
539,899
490,819
9,000
12,000'
495,543
488,363:
12,000
Allegheny Val. September 291,8151 237,976 2,342,886! 1,970,354
25,908 1,290,677[ 1,166,521
32,085|
3d wk Oot.
Ann Arbor
78,17^!
69 .017
8,481
7,002
Ark. Midland. August
Atoh.T. &8.Fe.. September 3.936,31013,425,582 30,155,193 27.985.024
145,745 1,426.931 1,116.484
202,687
Atlanta & Char. August..
288,0191
231.094
35.639
27,120
Atl.Kjiox.«SiNo. Iseptember
158,791
135.912 1,027,8201 1,001,334
Atl.CstLlneS.C June ...
394,9511
365,625
51.589
47,706
Atlanta & W. P. August,
15,019
5,667
At.Vald'sta&W. September
70.0S8
73,263
10.174
9.165
Austin &N' west July
42.627
323,236
49,9 = 5
1365 831
Atl. & Danville. July
Bait AOhlo.... September 2,804,293 2,587.696 21.846,514121,024,741
145,865 146.839 5,482,022 5,679,318
Bal. &O.Bou'w. ad wk Oot
16,505
14.487
3,397
2,717
Batii&Ham'ndB August
10,136
12,880
1,315
1.585
Blr. A Atlantic. June
400.101
427,820
54,626
46,644
Bronsw'kAWest August.
112,797 3,303.157 3,182.163
Bnff.Booh.&Pltt Ith wk Oot 137,566
46S.937
566.885
83,820
83,538
Buffalo &BaBq.. September
106,078 3.922,029 3.569,157
Bnr.O.Bau.&M.
Bnr.C. Bap.tScM 3d wk Oct. 121,595
593,000 22,272,811 20 088 632
QanadlanPaolfl 3d wk Oct. 684,00
145,940 156,811 4,443,141 4,230.975
Oent.of Georgia 3d wk Oot.
465.400
529,290
September
67,853
55.462
Central N. E.
Central of N. J.. September 1,334,293 1,155.850 10,867.646 9,084.378
1,910,167 1,456,023 11,359.045 10.164,358
Central Paoltio. August
476,518
473,410
36.619
37.562
QharlesfnASav August
63,225
2,105
1.065
54,599
Ohattan'ga Bo.. 3d wk Oct.
Ohea.AOhlo.... 3d wk Oct. 270,473 249.883 9.792,717 9,512,534
Ohio. Bur. & Q... September 4.652.258 3.929.553 32.933.430 30.922,097
119,422
102,648 3,837,172 3.404,164
Chic. AKaat. 111. 3d wk Oct.
151,120 122,817 5.077,496 4.423,360
Ohio. Gt. West's 3dwkOct.
82,769
71,990 3,048,071 2.674,578
Ohio. Ind. &L.. 3d wk Oct.
Ohlo.MiL&8t.P 4tli wk Oot 1,361,711 1,290,716 32,948,542 29,085.000
Ohlc&N'thw'n. September 4,177,483 3,598,274 30,170.545 26.826,567
675,848
621,874
Ohlo.Peo.ASt.L. September
89,823
76.766
2.353,439 2,l3=t,732 13,956,194 13,537,381
Chlo.B'kI.&P.. August
6,380,111
Ohic.St.P.M.&0. September 1,098,984 1,061,640 7,549,79
26,77 8
942,402
Chlo.Ter.Tr.RR. 3d wk Oot.
23,859 1,003.015
48,621
Ohlo.AW.Mloh. 3d wk Oct.
42.238 1,803,048 1,557,395
Ohoo.Ok.&Gnlt. October... * 135,000 *123,00(i '1,458,006 * 1,255.643
Cln.G.&Port8*tb August
7,473
44,757
38.975
5,912
01n.N.O.&T.P. September 443,812 449,019 3,490.166 3,455,146
36.010
235.384
Cin.Portfl.&Vlr. September
207.815
31,806
01.0in.Ch.<fc8t.i. 3d wk Oct.
335,567 305,819 12,083,970 11,672,740
Peo.&East'n September 196,060 170,785 1,464,301 1,386,480
01.Lor.&Wheel. 3d wk Oct
38,042
29,358
September 166,074 141,628 1,253,182 1,174,105
OoL Midland
Colorado & So.. 3d wk Oot. 118,690
3,121,938
Ool.8and'y<&H 3d wk Oct.
20,513
14,011
675,810
669,139
480
August....
Crystal
1,165
7,395
9,653
97.051
580.>-01
Onmb'l'd VaUer August
89,803
557,952
Denv. <b Rio Gr 3d wk Oct. 217,400 198,800 7.566.3281 6,761.655
33.842
Det.G.Rap. &W 3d wk Oct
26,751 1,285,6111 1,199,151
75,099
497,303
Det. A Mackinac August
45,157
372,536
S.B.&Atl
SdwkOct.
Dolath
59,398
36,959 1,908,638 1,480,731
BlglnJoLAEast. Septemberj 148,439 131,480 1,320,422 1.117,692
September 3,410,696 2,954.928 26,738,909 24,00 i.930
rie
8,164
Jlareka Springs. August
41,413
5,860!
36,310
£van8.&Ind'puB 3d wk Oct.
6,475
273,844
254,987
7,057
Bvansv.&T.H 3d wk Oct.
28,664
24,4571 1,08 ',9 67 1,003,142
11,190
85,620
Find. Ft.W.&W. September
66,158
7.965
70.890
fUnt&P.Marq 3d wkOct.
63,487 2,644.778 2 414,421
Fla.Cent.& Pen. 3d wk Oot.
49,578
46,3071 2,117.913 2,433,525
Ft.W'th&Den.C. 3dwkOot..
48,018
38,055 1.238,573 1,098,956
FtW.&Rlo Gr 3d wk Oot.
12,695
367,6331
382,482
19.112
1,532
544
8,227
eads.A AU. n. September
5,351
3d wk Oct,
36.906
Georgia RR.
39,644 1,261,940 1.221.188
QeorKladc Ala.. September 138,ci00 112,051
901.962
913,769
93.575
742.045
720,290
Geo. So. &Fla. September
76.340
28.452
GllaVal. G.&N. September
306,317
206,192 162,581 1,134,075
Gr.Bap. &Ind.. June
973,566
June
41,799
Uln.R.& Ft.
232,756
214,327
36,985
Traverse Olty. June
3,805
22,939
19,628
3,322
10,699
Mns.G. R. &I. June
56,787
10,481
58,088
Tot amines. July
279,683 247,858 1,726,240 1,613,467
Gr.Tr'nk Syst'm SdwkOct.l 573,983 494,620 20,694,S9H 19,026,832
80,518
Chlo.&Gr.Tr. 2dwkOct.
70,249 2,991,387 2,825,923
Det.Gr.H.<teM. 2dwkOct.i
20,780
780,245
19,758
734,540
28,OOol
14,000
.
.
'
.
,
1
.
1
W
.
i
Great North'n—
Bt. P. M. & M.
East of Minn.
Montana Cent
Tot.system
G'lfB'mntAK.O
Golf A Chicago.
Hooking Valley.
Hoos.Tun.&WU.
Hoas.&Tex.OeD
niinols Central.
ind.Dec.&WeBt.
lBd.Ill.&Iowa
InUkGt.Mortb'n.
ilnteroc (Mez.)
September 2,532,774 2,365,780 14,702,087113,269.707
September 409,203 345,880 2.052,(^02 1,563,704
September 171,295 153,625 1,434,248 1,462,749
September 3,113,272 2,865,286 18,188,937 16,296,161
6,207
4,498
3d wk Oot.
227,732
147,882
September
5.728
4.544
1
wk Oct
90,08 a
6,529 2,802,574 2,172,579
5,581
5.455
September
42,894
40,404
306,499 254,202 2,191,304i
August
September 2,692,492 2,384,614 21 ,406.492 20,039,203
48,710
40,596
June
259,374
243,197
66H,464
63.229
90,642
567,305
AUKUSt
3d wk Oct. 111,270 127,605 2,999.140 2,905,620
4th
wv
,=)
Iowa Central... 4tb wk Oct
IronBallway... September
73.700
68,741
5,810
Kanaw'a&Mlob 13d wk Oct.
K.G.F.S00U&M '3dwkOct.
13,761
oct.l4
112.376
69,140
66.159
3,842
11,326
80,588
to
Latest Dots.
BOAI»8.
3.049,900
2.511,440
l,887,8-8j 1,642,132
44,542
529,487
36,804
447,230
4.01«,284' 3,736.066
1899.
S
1899.
1898.
9
S
1898.
•
1,171,195 1,108,201
249.591
245,292
197,239
194,219
4,456
Kan. Olty &Om. ad wk Oot.
1,498,659 1,304,218
96,335
K. O. Pitts. &G. 4tbwkMay
395.221
383.312
Kan.C.Sub.Belt September
44,671
3,047,591 2,781,425
84.901
L.Erl6 & West.. 3d wk Oct.
3i6,728
276,761
40,912
Lehigh A Hud.. September
Lehigh VaLRR. September 2,119 390 1,979,51 15,467.468 13,885,793
L3h. V. Coal Co. September 1.759,776 1,607,811 12,704,507 10,808.815
162,671
148,651
Lex'gton&East. August
25,850
24.131
LonglslandRR- October... 3-0,0^4 395.451 3,882,772 3,959.679
391,688 407,127 4,182,51>" 4,222,625
Long Is. System. October.
91,868
70,104
11,494
8,48
Los Ang. Term. September
34.130 1,414.638 1,241,037
Loul8.Ev.&St.L. 3d wk Oot.
36,903
391,502
479,569
10 843
Lou.H. ASt.L.. 3d wk Oot.
14,397
Louisv.&Nashv. ^d wk Oot. 587,54fi 468,980 20,349,761 17,969,637
40,29646,563
Macon ABlrm.. September
c.,396
6,747
64,291
85.744.
Manlstlque
3,670
6,368
September
tMexlcan Cent. 3d wk Oot. 276,443 232,659 12,050,982 10,516,997
253.671
JMex.Cuern&P. July
25,000
Mexican Inter"!. September 357,011 271,379 3,413,647 2,486'854
123,873 5,552,697 4,875,518
138.817
tMex. National 3d wk Oct.
543.8S,^,
389,525
55.851
Mex. Northern. August
56.912
tMexlcan R'way Wk Oct.l4
77,400 3,567,800 3,254,600
78,70(
599,169
515,277
Mexican So
11,714
12,890
2d wk Oot.
Midland Term'i. July
45,241
35,703
Mtnneap.A St.L. 3d wk Oot,
50,674 2,217.832 1,728,439
67,857
M.StP.&S.St.M. 3d wk Oot. 128,471
113.252 3.591,214 3,303,425
370,216 9.368,550 8.972,600
Mo. Kan. <fe Tex. 3dwkOct. 334,46S
Mo.Pac.&IronM 3dwkOct. 616,000 580,000 21,729.551 20,815,714
977,377 1,053,262
Central Br'ch. 3d wk Oct.
26.00
25,000
Total
606,000 22,706,928 21,868,976
3d wk Oct. 641,000
Mobile & Ohio.. 9eptember 478,017 382.291 3,918,936 3,145,707
972.501 1,091,852
Mont.&Mex.G't September
85,617
93,361
Na8h.Ch.<fe8t.L. September
528,178 4,473 924 4,339,361
567,739
15,960
NevadaCentral August
30,450
2.075
2,617
N.Y.O.&H.R. September 1.843,781 4,234,062 J6,736,426 33,523.041
N.Y.Ont.&W.. 3d wk Oct
78,636 3,863,272 3,039,776
98,308
N. Y.Busq.&W. September
233,309 201,256 1,879,272 1,639,503
Norfolk (fewest. 3dwkOct
264,501 10,185,816 9,068,087
320.358
Northes'n(Ga.). \ugust
4,7
4,646
North'noentral September 676,419 632,919 5.069.564 4.736,964
North'n Paoiflo. 3d wk Oct
746.717
714,803 21,887,274 20,317,332
Ohio River
929,433
776,328
36,0-9
25,317
3dwkOot.
Om.Kan. C.&E. August
34,855
37,595
Omaha St. L. August
44,849
50.430
Oreg.RR.&Nav. 4th wk Aug 165,460 151,773 4,248,963 4,362,852
Sh.
Line..
Oreg.
September 749,803 654,698 5,707,582 4,859,644
Pac. Coast Co.. September
477,240 406,420 3,781.951 4,012,250
Pacific MaU
350,684
444,408 2,464,779 3,072,961
August
Pennsylvania^. St^ptembei 6,644,439 5,790,139 52,461,506 48,038,806
PeorlaDec&Bv 3d wk Oct.
6b9.543
652,543
17,320
19,589
498,58'
PhUa.& Brie... August
461,485 3.169.523 2.714,223
Phlla.&Bead... September 2,244,774 1.990.601 17.529.428 15.688,885
Coal A Ir. Co. September 2,757,161 1,932,655 19,184,745 14,475,107
Tot. both Go's Seotember 5,001.935 3,923,256 36,714,173 30,163,892
Phil. Wllm. & B. September
954,990 843,790 7,735.3(J6 7,217,206
Pitt8.C.C.<feSt.L. September 1,721,148 1,523,786 12,997,155 11,684,769
Pltts.Llsb.&Wn September
34,468
33,«89
4,154
4,370
Pltt8.Bes.AL.£. ith wk Oct
61.760
33,415 1,511,057 1,110,447
Pitts. AiWes'n.. 3d wk Oct.
39,175
37,603 1,566,203 1,434,690
Pitts. CI. &T01. 3dwk Oct.
865,858
820,718
23,454
21,203
Pitts. Pa. &F. 3d wk Oot
343,419
314,943
8,334
8,397
Total system 3d wk Oct.
71.026
67,142 2.736,007 2,620,722
Rlch.Fr'ksb&P. August
625.060
581,099
66,f37
60,655
Rio Grande Jot. August
263.104
242,837
45,371
32.227
RloGrande So'd 3d wk Oct.
385.986
372,315
11,123
9,546
RloQr'de West. 3dwk Oot.
90,000
79,400 2,964,509 2,614,109
Sag. Tuso. & H. September
106,323
99.138
13.361
16,751
8t.Jos.&Gr.L.. 1th wk Oot
44,960 1,145,224 1,012,708
35.274
8t.L.Chl.<teSt.P. September
263,090
249,326
31,177
35,483
St.L.Ken'et& So September
48,794
66,527
9,300
7,057
BtL.ASanFran. 3d wk Oct. 165562 153,351 6,001,0
5,461,807
St.L. Southwest. 3d wk Oct.
132,900 167,800 4,433.099 4.168,200
St.Faul&Dal.. September 197,118 184.226 1,350,725 1,158,208
8an.Ant.&A.P September 265,992 303,699
707",653
SanFran.&N.P September
637,259
97.804
92,905
S. FePres.&Ph. 2d wk Oct.
16,726
17,675
Sav.Fla.&Wesi. August.
335.901 2,546,080 2,8'i8,280
283,424
Sher.Shrev.&So. 4thwkSept
208,179
238,242
18,926
17,725
SU.Bprs.O. AG. August
218,8J3
181.337
21,182
25,625
80. Haven& E.
21,529
15,911
3,454
5.550
July
80. Pacific Co.Gal.Har.&S.A August
461,326 385,805 3,741,505 3,383,914
911,410
818,668
Louis' a. West. August....
104 180 113,469
Morgan'sL&T. August
597,592 4.277.705 4,143 304
523.087
204,553
171.604
N.Y.T.&Mex August....
27.951
28,619
Tex.&N. Orl.. August
154,324 159.956 1,242,729 1,111,539
Atl. Prop'tes.a August. .
1.298,340 1,307,372
So.Pao.oICal. August. .
1,630.314 1,216,327 10,169 953 9.419,640
Bo.Pao.ofAriz August
192,655 2,235,961 2,071,823
240,212
93,289 1,275,621 1,051,283
So.Pac.ofN.M. August....
135,931
Paoiflo system Augu.st.
4,190,790 3,287.703
Total of all. 6 September 5,818.432 4.773,478 43,783,533 39.607.713
Southern Ry.c. 3d wk Oct. 701,734 591,791 21,702,749 19,622,777
32,269
28,975
9,756
10,304
Stony CI. (feC.Mt. August
241,555
233,488
20,473
Texas Central.. 2dwk Oct.
10,740
Texasife Pacific. 3d wk Oct.
202.936 214,076 6,232,58b 5,806,549
6,666
9,500
Tex.8.V.&N.W, September
49,745 1,618,931 1,497,534
T01.& Ohio Cent 4th wk Oot
57,967
817.868
780,573
21,570
22,356
Tol.P. (fewest.. 3d wk Oot.
44.577 1,538,516 1,686,623
39,315
Tol.St.L.(feK.C. SdwkOct
Union Pao. RR. September 2,210,620 1,864,782 15,243.133 13.605,814
Wabash
3d wk Oct. 3«2.099 295,961 12,296.801 10,957,474
W.Jersey&Sea'e September 321,508 275,808 2.497 991 2,147,691
872,229
959.658
99,220
109.096
W.V.Cen.&Pltts September
212.966
193,233
30,734
32,406
WestVa.A Pitts. July
397,127
425.463
47,067
54,026
Western of Ala. August
68,500 2.858,896 2,444,110
76 400
We8t.N.Y.(fePa. 3d wk Oot.
44,912 1,396,726 1,215,614
52,319
Wheel. A L. Erie 4th wk Oct
21,036
22,878
Clev. C. A So. 4th wk Oct
65,948 d 1588556 d 1.378418
75,227
Total
4th wk Oot
147,414 4,592,973 4,111,501
Wisoonsin Cent. 4th wk Oct 170,421
61,869
101,694
15,S57
8.331
WrigiiT8v.,feTen. September
399,998 309.506
YazoocfeMissVal September
47.031
52.430
6.062
8.370
Y >tH Southern August
34.079
32,446
26,165
27,133
6,394
81,636
66.199
73.252
34.511
.
1
&
.
.
.
. .
a Includes earnings from ferries, etc., not given separately, b In
eludes the Pacific system and the Atlantic properties, but not the Houston i, Texas Central system, c These figures Include South Carolina A
Georgia after May 1 and Atlanta & Danville after September 1 in both
d Includes Clev. Canton &, Southern from Aug. 16 only. 'Figyears,
ures for October are for the railroad only.
^, , „ „
^ ^^,
Valley and
Ohio
Chicago
t Includes Chesapeake & Ohio So' western,
and Texas for both years. Results on Yazoo Branch exol uded In
t Mexican currency.
^ Cov1899 but Included in 1898 until July 1.
ers results of lines dtreotly operated east of Plttsborg.
THE CHRONICLE.
950
Latest Gross Earnlugs by Weeks.—The latest weekly earnIngs in the foregoing are separately summed up as follows:
For the third week of October our final statement covers
71 roads, and shows 11-60 per cent increase in the aggregate
over the same week last year.
3d week
of October.
1899.
Obloa«;o & West MJohlsra'
Cin. Chic. A 8t. L..
Det, Gd. Rapids & West.
Oalnt.b 8o. Shore <& Ati
Fla. Cent. & Penin
aev.
Worth
Den City.
Gulf Beaum't & Kan. C
Kan. City Ft. 8. <fe Mem
Kan. C. Mem. & Blrm...
Kansas Cit.v & Omaha
<te
.
. .
Loulov. Kvans.
BTorfoik
&
.s.
St.
L.
Western
Jforthern Paoitlo
West N. Y. & Penn
Total i71 roads)
Vet Increase (11-60
Increase.
S
PreviouBly rep'd (55 r'flp
Burl. Ced. Rap. & North.
Otattanooga aouthern.
Ft.
1898.
.
....
$
8,5*1.034
121,595
2,103
48.6^1
335,567
33,842
59.398
49,578
48,01«
6,207
112,376
34.079
4,456
36,903
320.358
746.717
76,400
7.702,117
10b.0;8
1,065
42,238
10,607,254
9,504,968
994.934
15,517
1,040
6.383
29.748
305.819
26.751
eross Mamxngs.
Roads.
Norfolk & West'n.a.Sept.
Jan. 1 to Sept. 30....
July 1 to Sept. 30....
Sorthern Central. b.Sept.
Jan. Ito Sept. 30 ...
Pacific Coast Co. a. .Sept.
Jan, 1 to Sept. 30
Deo. 1 to Sept. 30,
Decrease,
S
126,067
46,307
3,271
9,963
1,709
31.78a
7,914
4.498
80,588
i6.16o
6,394
34.130
264.501
West of Pitt8.& E.Sept.
Jan. 1 to Sept. 30....
1,230,291
1,102,286
p. o.
$
$
523,844
3,145 740
359,668
2,404,042
938,303
211,913
1,266,705
99.439
945,326
1,018,778
1,334,041
211,813
1,196,705
137,036
1,026.546
1,093,301
Inc. 686,300
Inc. 3,924,400
Deo.
25,600
Inc. l,2b6.400
& Readlng.b.Sept. 2,244,774 1,990.601
Jan. 1 to Sept. 30. . 17,529,42S 15,688.885
July Ito Sept. 30.... 6,521,328 5,588,214
6.340,7:s3
2,473,438
874.336
6,410.606
2,369,562
Coal & Iron Co. b.Sept. 2.757,161 1,932,655
Jan. 1 to Sept 80... .19,184,745 14,4V5,107
July 1 to Sept. 30.... 7,862,284 4,948,436
273,800
735.457
637,459
155,758
14,259
356,143
89?,371
Phlla.
2,773
55.857
31.914
7.900
68,500
1.018,976
8,293,412
2.829.475
632,919
4,736,964
406,420
4.012,250
4,362,107
—
Aei Marntngs. -\
1R99.
18S8.
Lines directly operatedEast of Pitts. & E.Sept. 6,644,439 5,790,139 2,378,711 2,222.711
Jan. Ito Sept. 30... 52,461,506 48,038 806 15,004,407 14,727,607
1,938
71480h
477.240
3,7al,951
4,140,388
.
Pennsylvania-
7,0i^
38,05.S
..
1,222,370
9.305,555
3.418.923
676.419
5.069.564
—
1898.
1899.
22.439
36,9.59
[Vol. LXIX.
Total both Co's. b.Sept. 5,001,935 3,923,256 1,166,171
Jan. 1 to Sept. 30.. ..36,714,173 30,163,^92 7,076,190
July Ito Sept. 30.. ..14,383,612 10,536,650 3,110,8b7
15500
Reading Comp'yb Sept
Julyl to Sept. cO
128,005
1,030.094
4,865
2,725,705
6,4-<
Total all Comp's.b Sept
..,
59,319
15,643
47,543
1,181,671
1,045,737
July 1 to Sept. 30.
3,170,216 2,773,248
Net Earnings Montlily to Latest Dates.—The table followPhila.
954,9P0
Wilm
ABaltb
337,960
260,766
Sept.
843,790
ing shows the gross and net earnings of Steam railroads
Jan. 1 to Sept. 30
7.735. b06 7,217. 20tJ 2,325,186. 2,021,086
Nov. 1 to Sept. 30
reported this week. A full detailed statement, including all
9,400,468 8,715,968 2,486,619 2,156,819
27.304
18,183
roads from which monthly returns can be obtained, is given Rio Grande South, b Sept.
41,204
50,052
169,374
Jan. 1 to Sept. SO
170,141
354,898
344,855
onoe a month in these oolimm and the latest statement oi
July Ito Sept. 30....
65.522
129.248
127,449
63.729
this kind will be found in the Chronicle of October 21, «io Grande West. b.Sept.
158,102
106,773
301,580
377,552
879,505
Jan. 1 to Sept. 30.... 2,713,009 2,408,409 1,090,763
1899. The next will appear in the issue of November 18, 1899.
,
July
<
Companies.
Atlantic* Danv.a... July
Gross Earnings.
1899.
1898.
$
$
.
-Net Earnings.
1899.
1898,
$
.
$
49,985
42,627
13,246
8,564
Jan. 1 to July 31....
365,831
323,236
108,538
83,766
Canadian Paoiflo.a.Sept. 2,649,785 2,396,385 1,146,835 1,092.514
Jan. 1 lo Sept. 30... 20,197,811 18,254,632 8.160,932 6,859,906
Cbesap. & Cho.a.-.Sept. 1,123,648 1,022.202
373.110
363,973
Jan. 1 ,0 Sept. 30.... 9,031,241 8,762.886 2,852,405 2,841,447
July 1 to Sept. 30.... 3,280,102 3,022,036 1,096,630 l,068,'il3
Ohio.Burl.&Qnln.b.Sept. 4,t52.258 3,929,553 1,994,009 1.695,566
Jan. 1 to Sept. 30.. 32,933. 4b0 30,922,097 12,190.34t) 11.211,958
Jujy 1 to Sept. 30.. 12,856,200 11,070.346 5.210,254 4,639,934
Chic. M. & St. P.a.. Sept. 3.879,402 3,692.184 1.204,387 1.406,224
Jan. 1 to Sept. 30... 28,620.853 25 Oo6,545 9,371,601 8,855,671
July 1 to Sept. 30.... 10.640,572 9,247,165 3,531,107 3,400,661
CMo.Term.Transf.bSept.
102,351
98,500
64,426
63,107
Jan. 1 to^-ept. 30....
924,191
8t9,981
584,750
554,595
July 1 to Sept. 30....
306,950
301,716
196,922
185,796
Choctaw Okl.A Q.b Sept.
1? 2,879
132,646
64,884
43,963
Jan. 1 to Sept. 30
1,323,( 06 1,132,643
436.417
374,07 5
Nov. 1 to Sept. 30.... 1,754,096 1.450,845
636,7-,
512,082
dev.Clr.C.A St.L.a Sept. 1,504,226 1,400,320
507,847
457.118
'
Jan. 1 to Sept 30
11,060.750
10.755,283 3.027,b72 2,780,787
July 1 to Sept. 30
4,124,635 3,856,0.9 1,218,026 1,126,444
Feorla & East'n a.Sept.
196,060
170.785
60.853
42,785
Jan. 1 to Sett. 30
1,464,301 1.386,480
380.926
317,679
July 1 to Sept. 30
540,290
455,673
155,046
104,274
Colorado* So.b
Sept.
382,612
129,680
Jan. 1 to Sept. SO
83i<.489
2.831.038
July 1 to Sept. 30.... 1,026,531
332.7»1
Den. & B. Grande, b. Sept.
957,275
804,935
386,159
343,357
Jan. 1 to Sept. 30.... 6,923,228 6,177,755 2,.'i09,293 2,520,559
July 1 to Sept. 30.... 2,525,858 2,311,^96
993,406
981,875
Slmira & Lake Ontario
July 1 to Sept. 30....
208,573
167,302
13,998
3,012
Jan. 1 to Sept. 30. . .
496,937
473,868 df.31,849 df.11,525
.
& Wllliameport—
219.162
July 1 to Sept. 30....
304,589
Jan. 1 to Sept. 30. . .
730,950
677,372
143.806
Ft.W. A Dec. City. a.Sept.
128,097
Jan. 1 toSept. iiO.... 1.118,700
981,727
36,488
29.937
Ft. Worth & Rio G.b. Aug.
301.799
284.639
Jan. 1 to Aug. 31
67,12',J
July 1 to Aug. 31....
64,638
28.452
Gila Val.Globe& No. Sept.
Jan. 1 to Sept. 30....
206,317
LehlRh Valley RR..Bept. 2,119,390 1,979,512
Jan. 1 to Sept, 30. ...15, 467.468 13,885,792
Dec. Ito Sept. cO... 17,258,462 15,424,905
Lehigh Val. Coal Cc.Sept. 1,759,776 1,607,811
Jan. 1 to Sept. 30... 12.701,507 10,808,815
Dec. 1 to Sept. 30.. ..14,475,320 12,2-z8,729
472,489
579,279
LODK Island RK.b.. Sept.
Jan. 1 to Sept. 30.... 3,502,688 3,564,228
July Ito Sipt. 30.... 1,595,543 1,726,685
609,527
Longlsl'dRRSys.b.Sept.
500,843
Jan. ItoSept. 30.... 3,790,830 3,815,497
July Ito Sept. 30.... 1,769,002 1,878,513
l,9l0.957
liOUlflv. & NaBhY.b.Sept. 2,327,216
Jan. 1 to Sept. 30. ...18,657,131 16,558,207
July 1 to Sept. 30.... 6,7 83,445 5,638.369
271.379
357,011
Mex. International Sept.
Jan- 1 to Sept. 30.... 3,413,647 2,486,854
223,310
276,0t0
aUnn. &8t. Louis.a.Sept.
Jan. Ito Sept. 30.... 2,015,242 1,569.818
566,872
756.130
July 1 to Sept. 30....
502,371
W.Bt.P.&S. 8. M...8ept.
518,766
Jan. Ito Sept. 30.... 3,218,067 2,962,972
Julyl toSept. 30.... I,3u6,132 1,136,584
528,178
Nash. Ch. &8t. L.b.Sept.
667,739
Jan 1 to Sept. 30.... 4,473,924 4,339,361
Julyl to Sept. 30.... 1.590.644 1.603,642
Clmlra
.
66,238
23,980
67,276
83,933
48,322
46,151
244,598
316,617
12.190
10,867
10?,6.8
95,849
24,c40
17.9^9
15,838
203,658
581,417
733,402
2,981,564 3,661,756
3,366,707 4,125,838
df. 741 df. 122,842
df. 431,422 df.876,'317
df.517,893 df.949,740
168,634
213,882
973,('82 1,174,110
640,863
748,820
180,720
230,026
1,066,248 1,259,466
74t,517
841,786
776,011
656,604
6,136,2y4 4,998,436
2,2^8,463 1,733,901
121,060
117,290
1,461,456
986,156
122,090
101,251
738,072
595,179
307,099
239.308
306,809
259,493
1,463,92-J 1,v89,8m5
689,674
490,075
214,932
203,646
1,317,239 1.556,820
633,5tl
563.368
Sew London NorthernApr. 1 to June 30
Jan. Ito June 30....
195,445
378,2tO
189,336
374,552
30,996
54,240
1 toSept. 30....
1,086,766
846,350
471,155
279,736
Saa Ant.& Aran.P.b Sept.
Julyl toSept. 30...,
265,992
598,737
303,699
597,826
129,987
201,192
178.998
239,053
Southern Paoiflo. b.Sept. 5,818,432
4,773,478 2,515,878 1,982,201
toSept. 30.. ..43,783.533 39,607,713 15,74's,204 14,156,945
to Sept. 30... 16,254,534 13,628,365 6,455,906 5,257,131
.
Jan.
July
I
1
6,207,473
2,715,755
856,902
5,749,040
2,311,868
275,808
2.147.691
100.302
814,357
91,602
641,057
15,357
101,694
39,115
8,331
61,869
20,800
5,602
27,616
11,490
3,808
15.083
6,630
675,419
610,586
167,370
69,822
anion Pao.Ry.a... .Sept. 2,210,620 1,864.782
fan. 1 to Sept. SO.... 15,243,133 13,605.814
Julyl to Sept. 30..., 6.035.581 5,219,161
321,508
W. Jersey <fe Seash. b.Sept.
Jan. 1 to Sept. 30
2,497,991
Wrlghtsv. & Tenn Sept.
Jan. Ito Sept. 30
July Ito Sept. 30
Yazoo
<fc
1,06?^,328
Misa. Valley.a—
July 1 to Aug. Bl
a Net earnings here Klven are
after deducting taxes.
taxes.
b Net earnings here given are before deducting
Interest Charges and Surpias.—The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &o., with the surplus
or deficit above or below those charges
.
Roads.
Ohlc.Bnrl.&Qtilncy.Sept.
<-Bal. o1 Net
Eam's.s
1898.
1899.
$
$
18S8.
9
852.608
1,841.060
Int., rentals,
18^9
$
840.000
July Ito Sept. 30.... 2,520,000
etc.—
>
842,958
2,528,874
1,154,009
2,690.2£4
Choc. Okla. & Gulf.Sept.
Nov. 1 toSept. 30....
21,500
236.500
20,000
218,000
400,27
23,963
294,032
Olev. Cin. Ch. &8t. L.Sept,
Julyl toSept. 30....
243,204
711,685
245,838
724.257
264,643
506,341
211,280
402.187
Peoria & Eastern. Sept.
July Ito Sept. 30....
38.125
114,375
36,802
110,405
22.728
40.671
& Rio Gr'de.Sept.
July 1 toSept. £0
203.784
602,296
207,282
624,744
180.394
431,136
136,174
398.831
27,920
251,280
27.920
253,343
20.402
Jan. 1 to Sept. 30
del.6.6o2
18,231
63,274
Sept.
Long Island RR
July Ito Sept. 30
116,336
346,865
97,495
299,417
*74.583
•382,482
*133,914
'512,747
Long IslandRR. Sys.Sept.
Juiy Ito Sept. 30 ...
122,886
364,708
101,944
313,864
*80,120
"469,284
* 145,609
Mashv. Chat. & 8t. L.Sept.
July 1 toSept. 30.. ..
135.620
406,841
130,293
390.878
79,312
156.5^7
73,353
242,623
Norfolk* Western.. Sept.
190,598
571,797
186.335
558,844
333,246
7«2,2i4
173.333
379,459
772.000
All companies ... Sept.
July Ito Sept. 30.... 2,316,000
766,154
2,268,463
409,671
854,216
289,583
804.785
18.542
54,198
1^,923
53,770
8,762
9,531
1.752
Denver
Ft.
Worth & Den. C
Sept.
.
July
1 to Sept. 30....
Philadelphia
def,
5,983
6,131
*591,267
& Reading-
Bio Grande South . Sept.
Julyl toSept. 30...,
1
*
43,384
.
260
After allowing for other Income received.
STREET RAILWAYS AND TRACTION COMPANIES.
shows the gross earnings tor the latest
which we are able to obThe arrangement of the
roads that is, the
the
steam
table is the same as that for
first two columns of figures give the gross earnings for the
latest week or mouth, and the last two columns the earnings
for the calendar year from January 1 to and including such
32,119
68.914 latest week or month.
The following
table
period of all street railways from
tain weekly or monthly returns.
—
November
4,
THE CHRONICLE.
1899.]
—
STREET RAILWAYS aND TBACnON OOMPAJ^JEKS.
Latest Oross Earnings.
GBOSS
Week or Ho
Jan. 1 toLatest D(
1898
1899.
1899.
951
te.
1898.
Interest Charges and ISurplas. The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with the
surplus or deficit above or below those charges.
9
September
Albany Railway
Amsterdam 8t. Ry.- September
61,714
5,299
47.002
56,724
4,563
523,904
44,0
308,127
1
473 823
Atlanta Ry. & Power. August.
Aujfusta (Ga.) Ry <&
Eleo
August
15,679 14,549
Bay Cities Consol... July
9.407
9,916
49,589
48,625
Blnghamton St. Ry. September 14.760 13.154 125,244 122,481
Bridgeport Traction September 33,6^3 32,987 274,2e5 270.491
Br'klyn Rap. Tr. To
October... 947,984 904,991 8,^66,531 8,175,288
CUcago & Mil. Eleo.. September al3,835 a3,645
Ohloago Union Tract. September 633,253 605,899
Oln. & Miami Val..
12.633 11,097
May
49,219
37.984
Cin. Newp. & Cov.... September 62,783 80,395
527,193 513,532
1,90Oity Eleo. (Rome.Ga.) September
2.377
20.2<
17,902
CJleveland Electric... .lune
}83,b87 141,738 819,580 830.911
Oleve Palnsv. <te E.
September 12,197 10,945
92,107
80,093
Col. Sp'gs Rap.Trans. September 20,038 14,976
Oolambus St. Ry. (O.) September 74 980 61,778 575"696 508,365
Denver City Tram. Sept
6 129.344 93,328
Detroit Clti'ns'St.Ry 3 wks Oct. 80,123 73,172 1,089,553
953,633
Detroit Eleo. Ry
3 wks Oct. 28,968 23,731
354,934 315,647
Detroit Ft. Wayne A
BeUe Isle
3 wks Oct. 13,009 11,113
167,390 147,110
Dnlnth 8t. Ry
September 19,769 17.254 168,269 154,313
Elec.
Easton Consol.
S-ptember 27,561
Erie Electric Motor. September 15,511 12,395
Traction
Harrlsburg
September 2S,588 39,393 236,547 217,503
. .
OnitedTrao.(Pttt8.).8ept.
July 1 to Sept. 30....
lon&F'kfortEl. Ry. September
Eonston Eleo. St. Ry. September
Interstate Consol. ol
North Attleboro... September
KlDKBton Oty Rv. . September
Knoxvllle Traction.. August
Lehigh Traction
September
Uma Railway (Ohio) September
London 8t. Ry.(Can.) July
Lorain & Cleve
September
Los Angeles Tract. July
Mass. Elec. Co. '8
August.
Metropo.8t.Ry.(N.Y) October...
MUw. Eleo. Ry. & Lt. A.pril
Montreal Street Ry.. September
Mnscatlne St. Ry
September
Newburg St. Ry
September
Sew London St. Ry. September
Hew Orleans City ... September
Newport News & Old
Pi. Ry. &Elec
September
Northern Ohio Tract. Sept-mber
Ogaensburg St. Ky.. September
Patereon Ry
August..
Richmond Traction.. September
Roxb'h Oh.H.ife Nor'r May
Schaylklll Val. Trao. September
Bcranlon Railway... August
Staten Island Elec. August,
Syracuse Rap. Tr. Ry August
Toledo Traouon
July
Toronto Ry
September
Twin City Rap. Tran September
Union (N. Bedford). June
United P. & Transp
September
.
. .
4.402
18.541
3,769
18,814
33,070
159,17a
30,292
146.9U4
15,583
6.444
17,243
9,620
13.439
6,83y
15,956
116.608
53,006
103,782
54,222
8.76'
79,242
35.83t
39.716
72,032
92,771
7l',888
3,817
4,463
31.431
"1.056 10.809
58,223
8,972
8.191
54,751
15,76^
9,733
58,2.0
557,632 524,766
1301746 1231047
150,263 134,407
602,447
530,248
I4t).185 136,765 1,259,226 1,119,504
5,563
4,882
44,547
41.279
9,028
8,941
69,355
66,830
5 948
6,584
45,982
45902
103,633 97,882 1,020.933
993,590
20,450
^3.4b2
2,643
38.820
15.905
10.729
7,037
36,936
.
24,995
38.577
99,030
137,621
245,b80
20,413
202,987
U'tdRy8.Eleo.(Balt.) April
341,340
Unlten Tract. (Pitts.) September 149,085
United Tract. (Prov.y August.
198,160
Unit. Trao. (Reading) September 21,227
Wakelield & Stone .... M(iy
5,204
.
,
.
29,028
2,405
36,519
14,196
8,892
6,456
34.213
17,335
271,229
15,182
245.95C
36.855
53.368
263.811
140,820
34,i51
48,985
247,?>54
28,845
141,705
34,808
85,055
13S,021
08,182 1,845,979 1,596,447
15,782 100,599
87,268
176,002
313.038
135,884 1,245,592 1,135 880
177,084 1,316 534 1,163 400
17,279
166,802
148,629
4,861
19,531
19.157
i;
These figures include results on Brooklyn Heighte, Brooklyn Elevated, Kings County Elevated and Nassau RR,
\
Strike In July, 1899.
I Strike In June. 1899, from 10th to 25 th.
o Figures for Sept., 1898, cover line from Waukegan to Highland
Park only; those for 1899 cover entire line from Evanston to Waukegan.
6 Increase is ascribed in great part to the "Festival of Mountain
Plain," which fell in September this year, but in October In I8a8.
week, but once a month (on the third or the fourth Saturday,
November
18. 1899.
'
— 1899
^i^'^
Roads.
iimsterdam St.Ry.b.Sept.
Jan. 1 to Sept. 30
Dec. 1 to Sept. 30
Cohoes City Ry. (N. \.)—
—
'^*''"*!*?*';:
^*' Barnxngj.-
1899
$
4.f63
40.318
44.915
$
1.328
12,923
13,831
10,'>.403
59.993
80,461
32,709
291,916
4b4,6ffl
$
6,299
44,015
48,682
July 1 to Sept. 30....
8,06 S
120.008
Detroit Cit's' St. Rj .Sept.
Jan.l to Sept. iO
1,009,430
Detroit Electric Ry .Sept.
39,807
Jan. 1 to Sept. bO
325,966
Det. Ft.W.&B.I.Ry.Sept.
19,273
Jan. 1 to Sept. 30....
154,381
N. y. & Qaeens Co.b—
142,8P0
July 1 to 8et)t. 30
Jan. 1 to Sept. 30
3^0,287
Blctamon d Traction. Sept.
15,905
~
1898.
—
320
135,997
12,187
113,592
8,409
65,267
53.569
433,544
10,180
94,998
6,544
54,729
138,228
321,901
14,196
77,006
156,331
5,841
71.781
134,335
6,720
ia3,6?0
498,676
135,884
Jan. 1 to Sept. 30.... 1,245,592 1.135,880
July 1 to Sept. 30....
461,541
407,534
Utioa Belt Line b—
July 1 to Sept. 30....
69,989
60,516
94.934
175,590
»2.200
675.129
263,100
89,123
172,502
79.545
St. Ry. (N.Y.) b—
July 1 to Sept. 30....
Jan. 1 to Sept. 30
United Trao. (Pitts.). Sept.
):
l.'^,793
211,748
524,673
149.085
29,823
51,450
28,055
74,065
29,213
103,833
see
Chronicle Oct.
CReport for the year ending June
38,
30, 1899.J
The annual report of Mr. J. J. Hill, President, is given at
length on pages 958 to 964, together with the revenue and
income accounts and the general balance sheet.
The earnings and expenses of the Great Northern Railway,
compiled in the usual complete form, are shown below.
The first table includes ttie operations of the railway system; the second table gives the income account of the Great
Northern Company, and the third table shows the results for
the entire system, treating all as if one corporation.
OPERATIONS AND FISCAL EE8CLTS OF RAILWAY SYSTEM PROPER.
1898-9.
Av. miles operated..
1897-8.
1896-7.
1895-6.
4,786
4,466
4,415
4,374
Locomotives
Passenger equipm't
.=^41
482
372
443
332
43.1
392
Freight equlpm't....
19,861
17,850
15,424
14,709
1,71.=;, 664
2,024,293
Pass.carried 1 mile. 169, 82,867 149,041,326
2-222 ots.
Av. rate p.pass,p m. 2-208 cts.
Freight (tons) car'd* 10,002.810
8,0:9,593
Freight (tons) car-
1,498,310
97,543,773
1,528,369
99,178,028
2-591 ots.
7,471,894
7,521,159
Equipment—
332
Operations—
Pass, carried (No)
.
.
2671
ots.
2158212794 19379558941657223725 1622877423
ried 1 mile*
0-932 cts.
0-956 cts.
0976 cts.
Av.ratep.tonperm.
916 cts.
.*
Earnings—
$
$
$
Passengers
2,64o,854
3,750,338
Freight
19,779,209
Mail,exp,,rents,etc.
1.488,356
3,311,381
18,056,047
1,210,116
2,527,109
15,841.331
1,067,621
15,833,<
Total gross earns. 25,017,903
22,577,544
19,436,061
19,612,563
2,906,486
1,481,820
5,419,137
1,047,261
700,911
3,133,293
1,285,254
5,292,865
990,460
602,648
2,324,294
1,478,315
5,475,095
953,004
632,837
13,091,361 11,555,645
11,926,542 11,021,899
52-33
51-18
P. c.of exp.to earns.
11.304,520
8,131,541
68-16
10,863,545
8,749,018
55*39
Expenses—
Maint. of way,
3,478,925
1,595.188
5,989,018
1.100,871
927,359
etc..
Malnt. of equipm't..
Transportation
General
Taxes
Total..
Neteamings
Company's
INCOME
OF GREAT NORTHERN RAILWAY C03IPANY.
1898-9.
1897-8.
$
$
Receipts—
Net earns, ot SI. P.
M. <t M. RR. and
Seattle
<6
90
1,130,619
freight excluded.
.^.CCOUNT
Mon
8,902.225
....
1896-7.
$
8,737,166
69,418
1,259,357
on bonds owned.
105,017
Dlv.ou stocks owned. 2,134,620
Profit on Treasury seInt.
1895-6.
ip
6,318,445
93,823
1,000,548
6,870,419
56,195
187.256
73,557
220,254
l.-^.SSS
148.530
50,176
74,887
403,631
68,152
166,318
56,494
3,616
139,608
419.844
164.416
164,359
15,919
388,151
11,576,050
11,218,630
7,837,997
7,675,562
RentSt P.M.&M.Ry. 4,137,824
Divs.onGt. No. stock 3,851,034
Rate of oivldend
(6% p. c
Fund for imp'ts &renewal8,3t P.M. AM. 1,200,000
Fund lorUascadeTun 600.000
5,396,863
1,500,000
5,380.729
1,250.000
(5 p. c.)
(6 p. c.)
5,383,016
1,250,000
(5p. c.)
curities sold
Rentalof leased lines.
Interest* exchangeBills receivable
Other income
Total
Disb u rsemenis —
)
1,500,000
750.000
6,630,72'J
6.633,016
Total dlsburse'ts. 9,788,858
9,146,863
sur.1,787,192 8r.2,071,767 8r.l,207,2688r.*l,042,547
Balance
* Fiom this balance of $1,042,547 the company deducted $405,f25
(advances for Interest to Dul. W. & Pac. RR. prior to July 1.1894,
written ofi"), making balance for the year to profit and loss $636,922.
E^TIRE GREAT NORTHERN RAILWAY SYSTEM.
1898-9.
$
1897-8.
$
1896-7.
$
1895
$
6.
Gross earns, of railway
system proper
25,017,904 22.577,544 19,436,060 19,612,564
Gross earns, of other
proprietary companies 2,580,668 2,443,650 2.300.164 2,207,134
Total earns. of sys'm. 27,598,572 25,021,194 21,736,225 21,819,698
Deduct —
Oper. exp. and taxes... .14,^61,108 13,469,012 13,230,221 12,614,221
Net earns, of system
.Idd-
12,737,464 11,552,182
8,L06,003
9,205,477
1,523,716
664.921
509,233
13,690,265 13,075,898
9,170,924
9,714,710
6,510,663
6,479,528
6.480,766
3,851.034 1,500,000
&tun'8. 1.800,000 2,2t0,000
1,250,000
1,250,000
11,117,658 10,260,663
2,572,607 2,815,238
7,729,628
1,441,396
7,730,766
1,983,944
Miscellaneous income...
Union
154.5fc5
Great Northern Railway.
1898
$
1,510
11.367
12,124
52.987
159,267
Annnal Reports.— Last index,
we
bring together all the roads furnishing returns, and the
latest statement of this kind will be found in the Chronicle
of October 21, 1899. The next will appear in the issue of
1898.
1899.
page 900.
*
Street Railway Net Earnlnga.—The following table glvt s
the returns of Street railway gross and neteamings 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
^Bal. of Net Eams.-^
1898.
ANNUAL REPORTS.
.
Herkimer Mohawk D
—
1899.
Roads.
1
.
Int., rentals, <&c.
,
40,318
Total net of system
Dedtict—
.
952,801
Fixed charges, and div's
OH St P. M. &M. siock 5,466,624
Div,, 5 p. c. on Gt. Nor.
pref. stock
for imp'ts
Funds
51-8,511
229.250
21,524
—
Surplus
V. 6'.), p. 848, 851.
THE CHRONICLE.
952
Cincinnati Hamilton & Dayton Railway.
CFor the year ending June 30, 1899.
President M. D. Woodford says, in substnce
General Results. The year shows an iacrease of gross
earnings of $332,940, or 6'78 per cent, and an increase of net
earnings of §l>4,882, or 6'31 per cent. The number of tons
of freight carried one mile increased 9"b2 per cent, while
the earnings therefrom increased 9-74 per cent. The rate
earned per ton mile was 0'62 cents, being the same as for
previous year. The condition of the property has been fully
maintained, and in many respects improved. The work done
:
—
includes
GENERAL BALANCE SHEET JUNE
acquired the Cincinnati Dayton & fronton Ry., every iron miJl
and f arnace upon or tributary to it is now in operation.
Rates.— Dnring the first half of the year the rates of both
freight and passenger traffic of the entire country north of
the Ohio River were sadly demoralized, and much of the
business was carried at unremunerative rates. Since January 1 there has been a marked improvement in the territory
reached by this company's lines, and, while much of the
freight is still being carried at prices lower than seem justifiable, yet the existing conditions and prospects are favorable to a gradual strengthening of rates until a fairly remunerative basis is reached.
Opeiations, earnings, expenses, etc., have been
Statistics.
—
as follows
OPERATIONS, EARNINGS AND EXPENSES.
Miles road operated
1898-9.
1897-8.
1896-7.
652
652
652
,
Gpetations—
Passengers carried
2,832,416
2,H81,475
2,696,193
79,b39,827 70,930,107 69,322,435
Passenifers carried 1 mile
1'76 cts.
1-81 cts.
Average rate per pass, per mile.. 174cts.
Tons irei^ht moved
5,140,505
4,647,054
4,136,385
562.v!80,442 511,991,444 434,358,141
Tons moved 1 mile
0-62 cts.
0-64 cts.
Average rate per ton per mile... 062 cts.
Hamnigs—
$
$
Freight
Passenger
Mail
3,473,061
$
3,164,715
1,269,035
131,331
125,685
106,118
l',i5,635
220,519
2,783,742
l,25s,305
123,805
125,486
3*1,014
Expenses —
Maint'nceof way & structures..
Maintenance of equipment
Conducting transportation
General expenses
Taxes
5,241,503
4,908,563
4,627,352
477,975
512,568
2,341,644
145,110
182,109
441.293
492,940
2,171.952
142,880
172,284
415,808
454,445
2,041,798
13e,474
180,157
Expenses and taxes
Per ceniof expenses to earnings..
Netearnings
Deduct—
Interest on bonds
Div. on pref. stock D. &M. RR...
Div. on oom. stock D. & M. RR...
L>lv. on com. stock Home Ave. RR.
Div. on pref. stock C.H.&D.Ry.
3,659,406
3,421.348
3,228,682
(69-82)
(69'70)
(6977
1,582,097
1,487,215
1,398,670
846.970
96,900
84,0b7
3,460
380,340
846,970
96,900
84,067
3,250
383,101
846,970
96,900
84,107
1,411,737
170,360
1,414,288
72,927
1,411010
1,40=),288
Express
Miscellaneous
Total
Total
Surplus
12-', 659
GENERAL BALANCE SHEET JDNE
Assets—
Cost of road and equipment
Leased ana proprietary lines
Stocks and bonds owned
Materials and supplies
Current traffic accounts
Cash and cash assets
12,340
def.
30.
1899.
1898.
1S97.
$
$
20,455,233
3,354,019
5,751,253
254,696
283,406
1,639,776
$
20,164,368
3,162.676
5,743,638
174,075
210,012
2,196,681
20,029,800
3,143,860
5,489,128
170,871
453,302
2,168,9J4
31,738,383
Total assets
Liabilities—
16,000,000
Stock (see INV. SUPPT.)
Funded debt (see INV. SOPPT.)... 12,425,000
Accounts and bills payable
Vouchers and pay-rolls
Interest and dividends unpaid...
Surplus income
Total liabilities
69, p. 795.
383,033
31,651,449
31,445,865
16.000,000
12,425,000
683,735
738,637
721,157
698,698
373,25b
426,465
1,535,235
1,36 ,649
16.000,000
12,425,000
739,108
630,v52
394,410
1,257,095
31,738,383
31,651,449
31,445,865
—V.
Indiana Decatur
& Western Railway.
Total..
-V. 69, p. '95.
The report of
the following:
Earningt—
1898-9.
$340,904
152,463
3^.233
$523,599
Freight
Passenger
Mall, express and miscellaneous
Total
Expenses —
Maintenance of way and structures
Maintenance of equipment
Conducting transiiortation
General expenses
Taxes
Total
Netearnings
Didwl—
—
$79,510
39,668
209,906
10,290
35^479
»a74,&64
$148,745
Interest on bonds
Dl\ idend on pref errrd stock..
$105,713
27.360
Total
Surplus
$133,0/ 3
$15,672
.$4,772,063
—
$912,000
912,000
First mortgage bonds.. 2,757,000
23,252
Pay-rolls
67,454
Accounts payable
72,335
Due tii companies
28,022
Surplus earnings
$4,772,063
Total
I
Bansror & Aroostook Railroad.
(Report for the year endng June 30, 1899.
Vice-President F. W. Cram says in substance
The business continues to increase, with promise of larger
shipments of produce and lumber than ever heretofore.
[The tons carried in 1898-99 aggregate 407,312, against 814,59e
in 1897-98, potatoes furnishing 84.543 tons, an increase of 39.222 tons, and lumber, logs and other forest products, 166,331
tons, an increase of 33,574 tons.]
Bonds.— On April first the various bonds, aggregating $1,225,000, upon the Bangor & Piscataquis RR. matured and
were retired the Bangor & Piscataquis having been purchased
outright by the Bangor & Aroostook, and a new loan for
$1,500,000 in five per cent bonds made on that property (and
sold for a premium of $49,087) for refunding and to provide
funds for improving and strengthening the Piscataquis
Section of your line. The former rental was $73,750 per
year; the bonded interest upon the rebuilt B, & P. division
is $75,000 per year.
Among the improvements were new
steel rails laid (70 lbs, per yard to standard of the main line),
1,500 tons, and the completion of the ballasting of the division.
The entire property is well maintained.
Extension. Etc.— Neio Mortgage. An extension from Caribou to Van Buren, 33 miles, is expected to be completed in
October this year. Bonds to the amount of $500,000 were
advantageously placed, and these, with the county aid of
about $115, (00 (by subscription to preferred stock), will go
far towards meeting the cost of the line as estimated. Indications point to sufficient new traffic within a reasonable
time to justify the building.
The Great Northern Paper Company's large pulp and paper
mill near Millinockett Station will probably be completed
early in the fall of 1900, and will furnish a large tonnage.
Statistics.— The earnings, expenses, charges, etc., have
:
;
—
been as follows:
EARNINGS, EXPENSES AND CHARGES.
1898-99.
Earnings—
1897-98.
1896-97.
$
$
236,968
610,673
81,613
225,966
487,866
65,373
215,200
509,228
30,353
929,254
779,205
754,781
173,569
53,928
302,721
42,941
3,032
123,801
53,129
243,721
31,292
2,875
129,812
50,62»
249.767
30,906
2,103
576,180
353,064
454,818
324,387
463,217
291,563
Rental of leated lines
Miscellaneous
195,100
15,651
76,788
16,654
176,350
18.051
90,573
7,433
179,655
9,000
73,750
10,200
Total
Surplus for year
304,193
48,871
292,407
31,980
272,606
18,958
Passenger
Freight
Mail, express, oar service, rents, etc
Total gross earnings
Operating Expenses and Taxes
—
Maintenance of way and structures
Maintenance of equipment
Conducting transportation
General expense
Taxes
Total
Netearnings
Fired Charges—
Interest on bonds
Car trust coupons accrued
GENERAL BALANCE SHEET JUNE
1899.
1898.
$
Assets—
%
Cost of road
.5,6^3,892 5,7';9.493
Permanent improve. 13i.759 132,259
Equipment
Cash
419,138
196,8U1
•••
Trustees Ar.Con. Co
2d M. bonds, col.loan. 883,000
Aroostook Const. Co. 377,485
&
Net traffic balances..
Suspense account...
Due from agents
Miscellaneous
Total....
-v. 68, p. 669.
39,855
11.7ti()
26,865
78,197
30.
1899.
;
Liabilities—
Common
stock
Pref en-ed stock
\
mortgage
Second mortgage
Car trust bonds
Notes
331,2S3
120.384
883,000
First
Bills
RR
P.
1.225,000
& P. improvem'ts. 289.627
3,«67
Companies &indiT']8.
41.849
Materials & supplies.
26.8)9
Property
B.
B.
audited
interest and rentals.
1898.
S
1,040,500
l,0t5,944
3.360,000
1,050,00)
300,000
9,240
136,148
113,860
340,00*
Aroootook Const Co
Div. bonds
1 500,000
Prem. on Piso. Div.
bonds
49,087
116,811
C6,215
26,819
19,5i2
2,310
13,649
250,813
47,146
104,230
149,435
I*ls>c.
Amer. Ex. Co.
Van Buren
loan..
extens's.
618.793
26,288
Miscellaneous
221
.9,446,819 7,479,927
t
1,040,500
1.128,308
3,360.000
1,050.000
Profit
i
and
Total
loss
120,596
131
ri,728
9.446,919 7,479,927
Cincinnati New Orleans & Texas Pacific By.
(Report for the year ending June 30, 1899.)
President S. M, Felton says in part:
General Residts. The tonnage carried during the year ^in1897-8. creased 12 40 per cent and the number of tons carried one
The earnings increased 1010
$302, 6s2 mile increased 13-76 per cent.
139.467 per cent and the freighttrain mileage increased 15 00 per cent.
39,552
The average number of tons of freight per train mile was
$481,701
385 against 3S9 the previous year. The revenue per ton of
June 30, 1899 J
the Cincinnati Hamilton & Dayton affords
(^For the year ending
30, 1899.
Liabilities
Capital stock, common.
Capital stock, preferred
Assets—
Cost of road & equipm't.$4,652,774
Cashandcnrrentaccts..
24,294
Due from companies...
43,901
Material on hand
51,094
:
Several depots rebuilt, 47P,000 feet of timber used in bridge repairs,
15,400 car-loads of ballast distributed, 188,000 ties and 1,600 tons of
70-lb. steel rails placed in the track, several trestles displaced by maBonry and earth tilling, 17,040 feet of new side-tracks laid. 53,600 feet
of new fencing constructed, and large expenditure made in equipping
the freight cars with air-brakes and couplers.
Iron Ore Traffic— The iron ore traffic, for which additional
facilities have been provided at East Toledo, is a comparatively new business for this company, but has assumed considerable magnitude, the shipments of the present season ex
ceeding 200,000 tons. For the first time since this company
[Vol. LXIX.
$70,952
43,214
1 90,483
15,952
3?.^«2
$3557~oT»
$128,418
$91,200
27,360
$118,560
$^,853
_
—
freight was §1 19 against §1 21; the rate per ton per mile 0-68
cent against 070 cent the previous year.
Liabilities.— The liabilities on June 30, 1899, including the
Doughty judgment and the indebtedness of the C. N. O.
T. P. Railway Co. were $1,603,739, including $620,932 of car
trust notes, which carry a first liea on the equipment for
which they were issued. The assets were $968,213, leaving
excess of liabilities over assets $635,526. The liability of the
T. P. Ry. Co. has been reduced during the past
C. N. O.
year by authorization of payment by order of Court of .$313,-
&
&
November
951 59; of this
THE CHRONICLE.
1899.1
4,
amount
June
|309,663 13 had been paid at
30,
1899.
Physical Condition,— As to the property he says:
The physical condition of the property his been further improved
during the year by the laying of ^,799 tons of 75-lb. rail and ballasting
23 miles of track. Forty-nine miles have been equipped with electric
block signals, making the total distance protected In this manner to
date of this report 192 miles. On June 30. 1899, 3,449 freight cars
had been equipped with automatic couplers, making 74"83 per cent
of the total equipment. Of this number 2,833, or 61-51 per cent were
equipped with air-brakes. With the exception of the 1,295 cars referred to in the last annual report, which will be destroyed or retired
from service by Jan. 1, 1900, all freight-oar equipment by that date
will be provided with automatic couplers, and the necessary percentage of oars will be equipped with air-brakes to comply fully with the
law. The freight-car mileage during the past year shows a balance
against the receiver of $96,7 57. The shortage in equipment has been
very seriously felt during the past year.
The report furnishes the following
:
-
etc
1898-99.
1897-98.
1895-96.
1896-97.
732,453
633,673
732,109
819,134
of pass.' carried.
No. of pass. car. 1 mile.. 59,052,282 46.295,516 29,823,090 44,338,456
1-86
1-89
209
190
Rev. per pass. per m.,ct8.
Number
Tonsrev. freight moved. 2,763,546
Tons
fr't
moved
1 mile.. 481694704
Rev. per ton per m.,
68
$
cts..
Earnings—
2.458,762
Freight
Mail service
Express service
Miscellaneous
Gross earnings
Expenses—
Conduct'g transporta'n.
Motive power
Maintenance of cars
Maintenance of way
General expenses
Taxes
Total expenses
Dediict —
Cash rental
0-73
0-72
$
624,710
$
$
41,437
823,135
2,5^8,969
133,189
95,540
45,032
2,553,1.'^4
131,016
90,1^-9
4,691,232
4,128,117
3,440, = 06
3,68^,865
988,288
684,065
448,050
667,900
163,922
154,000
851,512
595,479
375,603
143,280
160,000
838,300
531,237
222,991
507,735
140,918
102,0U0
942,547
610.272
254,r49
5-0,632
161,^73
106,500
2,738,436
1,389,681
2,343.181
1,097,325
2,645,873
1,039,992
3,106,226
1,585,006
Net earnings
2,109,147
423425738 354445485 355048601
875,897
1,119,685
3,282,874 2,981,624
131,615
131,699
94,516
109,062
44,465
47,912
Passenger
2,063,492
0-70
1,102,000
Betterment rental
Interest on current accts.
Judgment claims
cr.z/S
612,fi62
1,102,000
15,420
OT.e,ois
Joseph Union Depot Co. stock, both of which have been
deposited with the Central Trust Co., as trustee under the
St.
mortgage.
first
1,012,000
49,110
2,056
1,076,839
6,605
8,198
309,663
EARNINGS, EXPENSES, ETC.
Total charges
. .
—V.
1897-98.
1896-97.
312
251
251
$179,696
993,784
87,580
$156,654
9«6,880
88,974
$125,233
733,832
60,022
$l,261,oeo
$1,232,508
$939,087
$184,414
124,068
563,164
41,005
$209,6C0
106,461
397,764
33,824
$187,708
87,626
365.833
35,781
$912,651
$747,669
$676,918
(72'37)
(60-66)
(72-05)
$349,409
$484,830
$262,139
$87,500
75,973
10,780
(3%) 164,928
$70,000
76,197
39,991
274,880
Earnings—
Passenger
Total earnings
Expenses —
Maintenance of way
Maintenance of equ' pment
Conducting transportation
General
Total
Per cent of expenses to earnings.
Net earnings
Disbursements
Interest on bonds
Taxes
.Miscellaneous
Dividends on
pref
first
Total
Surplus for year
BALANCE SHEET
1899.
$
AsseU -
Cost of road,
equipment,
1,411,445 1,115,404 1,091,642 1,063,166
8ur.l73,561 sur. 274,277 8ur.5,683 def.23,174
69, p. 743.
1898,
etc. 17,142,066
1898.
1899.
*
L' abilities -
Outstanding
(SeelNV. SUP,). 13, 527,600 13,527,600
17,035,958
12t,8>6
37,387
21fi,922
Bonds outstand'g.
12,C54
Audll'd vouchers.
79,895
25,073
24.5'0
t<,073
21,689
7,23u
!
'
plies
41,505
1,548
67,425
1,299
17,459,880
17,388,550
...
500,000
122.961
37.944
3,
rolls
0,000
69,117
30,915
3,5(
Ouetofor'n roads
60,8iil
l.'<,665
Interest on bonds.
Accrued taxes
Equip. renew'l ace.
56,420
34,567
U,i7S
36,367
54,976
3r.l70
38.0^0
j
sup-
Total
.JUNE 30.
Pay
roads
Miscellaneous.
$461,0^8
$23,762
Stocl£
Cash
Due from agts,&c.
Due Irom Indiv'ls
aud companies..
Due from foreign
&
(5)
$339,181
$9,228
Due from U.S. P.O.
....
...
1898-99.
Miles of road operated
Materials
Balance for year
—
The amount expended for new equipment
and motive power during the year was $154,^^04; and for new
construction and real estate acquired §.56,033. There has
been no increase in the funded debt or share capital during
the current year, and there is no floating debt whatever.
The accounts of the company were examined by the Audit
Company of New York.
Statistics. — The results for three years have been as follows:
Financial.
Freight
Mail, express, etc
OPERATIONS, EARNINGS AND CHARGES.
Operations
953
Miscellaneous
Dividends
Profit
& loss, sur..
Total
3-2,796
12,058
137,440
26,9;i9
17,388,550
17.459,8^0
-V. 69, p. 902.
Boston Revere Beach & Lynn Railroad.
{Report for the year ending June 30, 1899.)
Results for four years were as follows:
EARNINGS, EXPENSES AND CHARGES.
Earnings—
Passenger
Other
1898-9.
1897-8.
1896-7.
1895-6
$
270,718
$
221,638
42 892
$
253,8^4
18,097
$
236,648
22,109
288,815
2.3,501
258,757
196,138
264,530
183,838
273,572
188,576
65,314
48,314
17,000
62,619
45,218
17,000
80,692
54,948
25,500
84,996
54,536
34,000
62,218
80.448
sur.40l
sur. 244
SHEET .TUNE 30, 1899.
del.3,510
19.728
Indiana Illinois & Iowa Railroad.
(Report for the year ending June 30, 1899.)
The freight statistics of the late fiscal year compare as
follows with those for 1897-98
Tons carried, 1,042.530 in 1898-99, against 735,197 in 1897-98;
:
tons carried one mile, 111,586,947 against 84,288,550; average distance haul of each ton, 107 03 miles against 106; average earnings
per ton per mile, -730 cents, against 876 do expenses, "455 against
•594 do net earnings, -275 agaln.st -282. Freight train mileage, 458,856 against 379,580 average number of tons of freight in each train,
318 01 against 2b7-52. Earnings per freight train mile, $1-77610
against $1-94603.
The cost of maintenance of way and structures inclftdes
ballasting 12-47 miles of track, §6,966: 43,904 cross ties,
renewal 14,623 rods
117,954 44,646 feet ditch ing, |9C7
fencing, |7,073.
;
Total
Expenses
Netearnings
Interest and taxes
Dividends
65,314
Total
Balance
Dr
BALANCE
—
88.536
;
;
;
;
OPEEATIONS, EARMNGS, EXPENSES AND CHABGES.
Cr.-
Construction
$1,444,927
220,907
73,000
Equipment
Ferry
Real estate not used for
railroad purposes
Cash
Supplies on hand
Debit balances
Total
85,627
25,3>1
11,453
36,792
.$1,898,058
1893-99.
Capital Stock
Bonds
Notes payable
Dividend due July
Bills payable
Improvement fund
Miscellaneous
Credit balances.
Profit and surplus
Total
1
$850,000
8f 0,000
70,000
8 500
20,4 90
16,000
4,803
20,474
57,791
$1,898,058
-V. 67, p. 1000.
St.
Miles operated (aver.).
1896-97.
1897-98.
1895-96.
158
Operations—
Tons hauled
772,685
767,760
1,042,530
791,197
Tons hauled one mile.. 111,586,947 84,288,550 81,385,975 81,111,028
Aver, rate per ton p. m.
0-730 cts. 0-876 cts. 0-826 cts. Os80 cts.
Passengers carried
86,337
83,020
96,209
91.861
Paps. carried one mile.
2,182,698 2,302,278 1,765,068 1,7.^9,907
Rate per pass, per mile. 2,354 cts. 1 942 cts. 2-220 cts. 2-523 cts.
tarnings —
$
$
$
$
713,495
Freight
672.032
814,972
738,672
44.4 04
Passenger
39,313
44,716
51,370
28,233
Mail, exp. and miscel
26,944
36,996
35.962
189
189
155
902,304
820,384
738,289
786,131
86,691
62,811
350.681
61,912
143,175
5H,372
310,755
46,1£0
135,700
59,177
299,827
48,503
119,335
57.? 93
S25,554
49,240
562,095
556,492
543,211
552,022
(62-30)
(67-83)
(73-57)
340,209
263,892
195,077
234,109
341,774
263,892
195,077
234,109
75,300
43,961
4,030
39,645
75,300
32,634
Cone., Imp., equip. & mis.
112,575
46,870
4,332
41,193
53,105
75,300
31,954
1,140
117,384
Total
Surplus for year*
204,970
136,804
162,936
100,956
161,503
33,574
225,778
8,331
.
.
Joseph & Grand Island Railway.
(Report for the year ending June 30, 1899 )
President Wm. L. Bull says in substance:
General Results. While the gross earnings vs^ere more
than equal to those of the previous year, the net was materially less. This is due first to the fact that during eleven
months of the year the mileage vras increased by 61 miles,
and this addition was, like all new lines, operated at a very
heavy cost at first. Second, the amount of corn moved
during the year fell off from 310,000 tons in 1898 to 139,0U0
tons in 1899, and while the wheat movement was somewhat
increased it was not sufficient to offset such a loss.
New Line. The establishment of the line between St.
Joseph and Kansas City has already been of great advantage
to our road, and, it is believed, will be increasingly valuable
he construction of the cut-olf between
in the futurf*.
Gower and Trimble, under the terms of the agreement
with the Kansas City & Northern Connecting RR. Co.
was so far delayed that the first train did not pass over it
until May 21 1899. This delay increased materially the cost of
operation at the same time that it diminished the efficiency
of the route. The line is now growing steadily in favor for
both passenger and freight purposes.
Acquisitions. A settlement has been reached with the
Union Pacific x'eceiveis, and the money derived from it
applied to the improvement of the property. The company
has also received from the Union Pacific receivers 1,250
shares St. Joseph Terminal RR. Co. stock and 10 shares
—
—
J
,
—
Total earnings
Expevsea—
Main, of way <fc struc's.
Main, of equipment ...
Conducting transpor'n.
General expenses
Total
Per ct. of ex. to earn'gs.
Net earnings
Other income
Total
Oharges—
Interest on bonds
Taxes
Rentals
1,565
464
*From the accumulated surplus, deduct surplus divided among stockholders, $575,648; leaving balance surplus Jane 30, 1899, $380,066.
GENERAL BALANCE SHEET JUNE 30.
1899.
Assets-
«
Road, equip., etc
Total
p. 27.
$
$
.
-V. 69,
1899.
1898.
6,376,707 6,939,387
,939,387
Mat. and supplies....
33,323
44,421
44.421
Cash
16.'>,747
209,531
31,li35
Due fr.im agents
114,922
Corn's* individuals..
94,070
99,234
1. 1. &1. RR. bonds
42.500
Phe. P. Co. stock...
1,500
1,500
6,831.2 4 6,319.1i61
CaoitAl stock
Bonds
Kquipment
Current
Int.
1898.
t
.''.697,8'"0 3.f97,8-
.2,600,000 1.800,000
notes...
7.410
liabilities..
.
accru'd not due
Income account
.
225,107
1 1-2.529
31,-250
15 57S
7&5,94«
380.CB7
!
Total
.6.884.224 6,81P,28l
THE CHROJSICLE
954
Portland & Bumford Falls Ry.
{Report for the year ended June 30, 1899.)
The regular quarterlj' dividends at the rate of 4 per cent
per annum have been paid upon the outstandicg capital
stock, and in addition thereto a special dividend of 2 per
The company has acquired by purchase a controlling
cent.
interest in the capital stock of the Rumford Falls & Rangeley Lakes RR. Co., embracing 31 miles of track.
Earnings, Etc. Earnings, etc., have been as below:
EARNINGS, EXPENSES AND CHARGES.
—
1897-8.
1896-7.
$
$
58,259
64,617
230,287 212,231
$
66,390
174,856
1893-9.
Earnings—
Passenger earnings
Freight earnings
Mail earnings
Express earnings
Miscel. earnings and Income
Total earnings
Operating expenses
Net earnin gs
Interest and taxes
Dividends ou
1895-6-
$
4,155
3,500
13,723
64,009
135,168
4,155
3,500
5,074
334,741 299.045 262,624
1S4,266 175,067 153,179
211,906
125,0«9
6,002
3,500
36,693
150.4' 5
61,576
60,000
6,012
3,500
12,685
123,97f<
109,445
6e,282
40,000
5-2.878
30,000
15,000
17,696
BALANCE SHEET JUNE 30, 1899.
26,567
25,330
stocli
Surplus afttr charges and divs... 28,899
86,837
4 6,f
07
Br.
Cr.
Construe, equip., &c... $2,248,394 Capital stock
$1.000 000
-4,380
Bonds
Cash.
1,350,000
24,0t^2 Coupons notdue
Materials and .supplies.
12,493
174,S33
Taxes,
not due
St'ks and bonds owned.
1,795
Bills
audited
50,000
Notes receivable
25,072
9,790
Due
trat
sinking
fund...
sportation
Trustee
co's
10,346
27,361 Profit and loss
Due fr'ni agts. & others
188,813
Total
—V.
.$2,588,520
Total
$2,588,520
67, p. 951.
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
[Vol.
LXIX.
and pay a charge of one per cent of the par value of the
bonds to cover expenses. An indorsement will be printed on
the bonds indicating that the bonds are entitled to the benefit
of such agreement, and semi-annual coupon sheets will be
attached. Receipts will be jiiven for the bonds. See notice
on another page.— V, 69. p. 852.
p. M.,
—
Atlantic Coast Line RR. Co. of Virginia.— Sfccfc. In
July last there was still some Petersburg RR. stock outstanding, but within the last month the conversion has been
completed and the Atlantic Coast Line RR. Co. of Virginia
has now outstanding $1,000,001) of "A" stock and $2,000,000
of "B" stock.— V. 6S, p. 138.
Bangor & Aroos\ook"Rj.—Extennon.—The extension, referred to in the annual report on another page of to-day's
Chronicle as under construction from Canboti to Van
Buren, Me., a distance of about 33 miles, has been completed
for about two- thirds its length, and it is thought will be ready
for operation by Nov. 15.- V, 68, p 669,
—
Buffalo Rochester & Pittsburg Rj.— Quarterly. Earnings for the quarter ending Sept. 30 were:
3 mos end.
Oross
Net
Other
Interest,
Balance,
Sept. 30.
1899
1898
—V.
earnings.
$l,083,t>86
earnings.
income,
$403,078
366,022
$4,4.'i0
1,024,846
taxes, etc.
$246,4-1
243,437
1,398
surplus.
$161,047
123,983^
69, p. 4S8, 499.
—
Canada Atlantic Ry. Canada Atlantic Transit Co.
Steamship Line. The 'Canada Atlantic Ry., which since
—
early in 1897 hss operated the Menominee fleet of s-ix boats^
(recently sold to a prominent steel company) from Parry
Sound to Duluth and Chicago, has organized the Canada Atlantic Transit Co., with $1,000,000 capital stock, to own the
two steel steamers recently reported purchased by it for
$450,000, and some additional vessels to be bought next year.
The Canada Atlantic system embraces over 500 miles of
road, including a direct line from S;vanton. Vt.. and from
Montreal and Ottawa, Canada, to Parry Sound. The line, in
connection with its steamers, is actively engaged In grain
shipments. J. R. Booth, of Ottawa, is President of the new
—
Alexander <fe Rich Mountain 'RK.—SdeNov.S.—ln the steamship company. V. 69, p. 178.
United States Cuurt at Parkersburg, W. Va.. on Oct. 27,
Capital Traction Co. of Washington.- iW^r Bonds.—
Judge Jackson set Nov. 3, as date of sale. V. 09, p. 743.
press dispatch states that a committee has been appointed to
Allentonn & Lehigh Valley Traction Co.— Settlement— formulate a plan for making a mortgage to secure §1,500,000
Reorgan zation. At Allentown on Oct, 31 the case involving of 4 per coLt bonds, of which $500, utO to be reserved in the
treasury for future extensions and $1,000,000 to be used to
the validity of the $200,000 second mortgage of the Allen
town & Bethlehem Rapid Transit Co. (see V. 69, p. 794) was take up the floating indebtedness incurred in putting in the
finally settled by the payment of the judgment of $296,000, underground electric system,— V. 66, p. 38.
which was assigned by the Old Colony Trust Co. to the New
Chatham & Lebanon Valley 'RVi.— Mortgage for $300,000.
York Surety Co. and re- assigned to the Penn Mutual Life
This company, successor of the Lebanon Springs RR., has
Insurance Co. of Philadelphia. A reorganization of all the filed a mortgage for $300,000. The authorized capital stock
local trolley companies is said to be under way, a stockholders' is $1,000,000.
It is hoped to have the road in coudii ion to
meeting having been called for Nov. 17 to approve the plan. operate from Chatham to Bennington, 52 miles, before the
—V. 69, p. 794.
end of the year.— V. 69. p. 695.
Amesbury & Hampton (Mass.) Street 'Rj.—New SecuriChicago & (irand Trunk Railway Co.— Reorganization
ties.
The Massachusetts Railroad Commissioners this week Flan. An official circular says in substance
" No fresh
granted the petition of the company for authority to issue capital has been raised since the second mortgage bonds were
$50,000 first-mortgage 20-year gold 5 per cents.
issued in 18b2, but in order to provide for the capital and
Atchison Topeka & Santa Fe Ry.— Proposed Change rf other requirements a floating debt has accumulated of $1,Bylaws Regarding Extensions.— It is proposed to change the 991,300. tor which amount the company has issued to the
by-laws so that without previous action by stockholders the Grand Trunk Railway Co. its bonds secured by third mortdirectors shall have authority to acquire or lease new mile- gage. This amount is exclus^ive of advances aggregating
age to an amount not exceeding 200 miles in any one year. §3,207,000 made by the Grand Trunk Company to meet unearned interest on the bonds.
The call for the annual meeting to be held Dec. 14 says
"Additional capital of $4,000,000 is urgently required for
Sections 2 and 3 of the by laws require a stockholders' vote approving the construction, lease or acquisition of new branches or exten- the purpose of the doubling of the line for its proper equipsions except those acquired by use of bonds reserved under the gen- ment and for the reduction of the gradients
1 he
company
eral mortgage lor this purpose. The amount of bonds available for
this purpose is restricted to $750,000 per annum. At $15,000 per mile is unable, without the co-operation of the bondholders, to
this would permit the construction of only fifty miles of branches and make provision for these requirements and for meeting the
extensions per year. Your directors find it impracticable under these first mortgage bonds, which mature 1st of January next, inrestrictions to meet conditions from time to time arising in the eleven
States and Territories thr ugh whiih the 7,000 miles of railroad com- asmuch as the conditions of the second mortgage prohibit
prising ihe Atchison system extend, and to furnish necessary facili- the issue of bonds in excess of the existing first mortgage of
ties for new business consequent upon the opening of mines, the estab- $6,000,000.
Therefore there appears no alternative but to
lishment of new Industries and the development of regions naturally foreclose the first mortgage at maturity and reorganize
the
tributary to our lines.
company on a sound basis.
It Is often virtually impossible to hold a stockholders' meeting be"'
fore leasing or consti uoiing short branches and extensions which are
It is suggested in the interest of all parties concerned
urgently required, and at times more advantageous methods are of- that at the maturity of the first mortgage on the Ist of Janmortgage
than
sale
of
general
bonds.
fered
by
Your directors therefore recommend the amendment of the by-laws in order that a small uary, 1900, the property be sold under a friendly foreclosure
amount of new mileage, not to exceed 200 miles In anv one year, may of the two mortgages, and a new company organized to
—
—
—
—
—
:
:
;
be acquired or leased by the Idlrectors if found expedient without a
previous stockholders' vote.
Under this, title will be taken to most of the branch lines.
New Acquisition. Ttie company has acquired the entire
$2,580,000 of capital stock of the Hutchinson
Southern Ry.,
Hutchinson, Kan., to Cross, O. T., 145 miles. The first mortgage bonds (limited to $5,000 per mile) will remain nndis
turbed. Possedsion of the property was taken early in the
—
&
week.
The Iowa Central, under a traffic agreement, will hereafter
send its freight to Chicago over the Atchison, from Nemo,
Iowa, as formerly, Instead of over the C. B. & Q., from
Keithsburg, Iowa, as recently.
AOjustment Mortgage Interest Deposits Called. The
holders of a large amount of the 4 per cent 100-year-adjustment mortgage bonds having requested that the interest
thereon be paid in semi-annual instalments instead of
annually, arrangements for this purpose have been made
on the terms of an agreement dated Sept. 14, 1899, under
which the Central Trust Co. is trustee. Hulders desiring to
obtain the benefit of this agreement must deliver their bonds
to the Deputy Controller, at No. 59 Cedar St., New York,
on or after Nov. 6, 1899, between the hours of 10 a, m, aud 1
—
—
issue
First mortgage fifty-year 4 per cent bonds. Interest and
principal payable in gold
$1
To be reserved for North Western Grand Trunk (prior
lien) bonds maturing Ist of January, 1910
To be issued for tlio first mortgage bonds f .illing due on
the 1st of January, 1900, at nar ($4s4 for each £100
bond)
5,000,000
563,000
5,437,000
To the second mortgage bondholders at the rate of $750
for each $ 1 ,000 second mortage bond
To be issued for capital purposes
Ordinary stock to be issued to the Grand Trunk Company In re-payment of its advances and In full satisfaction of the floating debt
"The Board
4,500,000
4,500,000
6,000,000
Grand Trunk Railway Co., which
holds about one-quarter of the Chicago & Grand Trunk first
of the
mortgage bonds and one-half
of the second mortgage bonds,
willingness to assent to the foregoing proposition, and will also agree to enter into a traffic agreement
undertaking to contribute towards any deficiency in the Chicago & Grand Trunk earnings that may arise from time to
time in meeting the interest on the first mortgage 49, an
amount equal to 30 per cent of its gross earnings on traffic
interchanged between the two companies. This, according
to past results, would of itself secure the interest on the pro-
has intimated
its
November
THE CHRONICLE.
4, 1899.]
posed new first mortgage without taking into consideration
the largely increased earnings which must naturally follow
the doubling and improvement of the line."
Holders of the first and second mortgage bonds are requested to deposit their bonds not later than the let of December next with Glyn, Mills, Carrie & Co., 67 Lombard
St., London, E C, who will issue receipts for them on behalf
of Sir C. Rivers Wilson, G. C. M. G., C. B., Joseph Price,
Esq., and the Right Honorable Lord Welby, G. C. B., who
Holders of bonds in
have consented to act as trustees.
America may deposit their bonds with the Bank of Montreal
The interest coupons
in Montreal, or ary of its branches.
on the existing first and second mortgage bonds, due 1st of
Jannary, 1900, must be detached therefrom before deposit
as above. The coupons thus detached will be paid at maturity.
See also advertisement on another page.—V. 69, p. 905.
Chicago Milwaukee & St. Paul Ry.— The following official
statement is made regarding the decrease in net earnings for
the month cf September:
Tliere is no basis for the assumption that low rates are responsible
for the decif^ase. Tbe great improvements which are bein« made,
chiefly in the roadbed proper, but also in the equipment, are the cause
of the heavy operating expenses. Theie it a ?reat deal o( work being
done in bridges and in raising the roadbed at Chicupo. and it was
thought wise to make the earnings of the road shoulder these added
expenses. There may come a time when the gross earnings may not
be 80 heavy and when retrenchment in expenses will be necessary.
It Is well to have something in which to economize under such conditions rather than to increase the capitalization. In a month when the
weather is fair these expenses will be heavier because more work can
be done.
New
That was the case
cars,
it is
stated,
in
September.
have been a considerable factor
in
these heavy expenses. The company is building cars more
than twice as heavy as formerly, which cost proportionately
more, and this in turn calls for a heavier rail and improvements in the roadbed. V. 69, p. 494.
—
—
Cleveland & Eastern (Electric) Uailyvay.— Mortgage
The company has made a mortgage for $1, 000,000 to the
Cleveland Trust Co, as Trustee.
FarniTJlle & Powhatan RR —Reeeivfr —Colonel T. M. R.
Talcott was made receiver on Oct. 26. V. 69, p. 905.
—
Flint & Pere Marquette HB..— Meeting Postponed.— The
meeting set for Nov. 2 to act on the transfer of tbe road to
the Pere Marquette Railway Co. was postponed to Dic. 6.
V. 69, p. 905.
This company
Ft. Wayne Traction Co.— Incorporated.
was incorporated in Indiana on Oct. 30 with $2,000,000 of
authorized capital stock, as successor of the Fort Wayne
Directors are
Consolidated Ry. Co. recently foreclosed.
John H. Bass, George A. Garretson, H. P. Mclotosh, James
Parmelee, J. H. Wade, H. P. Eells and E. H. Bourne.—
—
955
the terminals. It is understood the new bonds will bear
interest at three per cent instead of four; also that the old
bonds will receive 75 per cent in new bonds, 50 per cent in
preferred stock and 2}4 per cent in cash. The original
Harrity plan gave only 40 per cent in preferred stock.
In the voting trust. President Fitzgerald, of the Mercantile Trust Company, and President Stillman of the National
City Bank, take the place of President A. E. Stilwell and
The agreement reached assures to the
I. de Goet jen, Jr.
road amicable traffic relations with the Union Pacific, Chi-
cago
& Alton
and other important systems.
—V. 69, p, 906.
—
Licking' Valley RR.— So'd. This road, extending from
Salt Lick to Beaver Creek, Ky., about 30 miles, was sold at
auction Oct. 24 at Owingsviile, Ky., to George C. Webb of
Lexington, agent for H. A. Fisk of Providence, R. I,, the
price paid being $31,000.
Maine Central RR.— Balance Sheet.— The general balance
sheet of June 30, 1899, in our issue of Oct. 28 (page 903), shows
resources, "sinking funds,'' as $183,280, and "due from companies and individuals" as $518,856. These amounts should
be transposed. V. 69, p. 903.
—
—
Electrical Equipment. The contract for the electrical eqaipcnent of tht) road, it is said, was
signed over two months ago, the General Electric, the Westinghouse and one other electrical company each having a
share therein. One or more motors, it is thought, will be
ready for experimeatal use by Jan. 1 on a section of the
road now being laid with third rail. The rails were contracted for some time ago, and are being delivered. Contracts have also been let for the boilers and engines of the
power house. The entire equipment of the road, it is expected, will be completed next spring.— V. 69, p. 852.
Manhattan Railway.
Marlborough (Mass.) Street Ry.— Union Street Ry. of
Reported Purchase. The Marlborough Street
Railway Co. is reported at Marlborough to have purchased
the Union Street Railway at Framingham.
—
Franiinghani.
Massachusetts Electric Companies. First Dividend.—
semi annual dividend of 2 per cent on the preferred stock is
announced, payable Dec. 1 to stock of Nov. 15. V. 69, p. 704.
Monmouth Traction Co.— Camden & Trenton Railway
Co.— C/iance of Name. A certificate has been filed changing
the name of the company to the Camden & Tienton Ry. Co,
—
—
Muskegon Grand Rapids & Indiana RR.— Coupon. — The
net earnings for the six months ending Aug. 31, 1899, weer
$22,765; deduct deficit March 1, 1899, after paying coupon
No. 21, $622 net to Aug. 31, 1899, $22,143. The amount required to pay coupon No. 23, due July 1, 1897, is $18,750, and
this amount is now being distributed, leaving a surplus as of
Sspt. 1, 1899, of $3,393.— V. 68, p. 824.
69, p. 695.
New York New Haven & Hartford RR.— Work at BridgeGurley & Paint Rock Yalley RR.— SaZe Pos'p ,ned.—The
The company's line between New York and New
sale has been postponed until the first Monday in November. port.
Haven has for some time past been a four tracked road
This makes the sixth postponement.
bonds of except at Bridgeport. It is now annourced that the imHockina: Valley Ry. (Jailed.— C3lt trust Series
provements at that city, which have been long delayed by
Toledo Ry. Co., viz.:
the Columbus Hockmg Valley
litigation, etc., are abcut to bs pushed to early completion.
Nos. 360, 486. 724, 727, 815. 816, 821. 934, 984, 1,016, 1,038, 1,042,
1,043,1,055,1,079. 1,213, 1,263, 1,264, 1,273, 1,322, 1,325, 1,452, The plans call for a stone viaduct nearly four miles long,
a large four track draw bridge and a new depot. The cost,
1,477, 1,499, 1,555, 1,608, 1,707,
it
is said, may reacb $3,000,000, of which Bridgeport will
have been drawn by lot for redemption at par "and accrued
interest on Jan. 1, 1900, at the Atlantic Trust Co., No. 39 pay a part not over $400,000. Vice-President Hall writes
The report as to our beginning work on the proposed improvementa
William St., New York.— V. 69, p. 848.
in Bridgeport and as to the extent of same is substantially correct.
Houston & Texas Central RU.— Called Bonds.— One hun- Unless unfortunate complications with the city as to the use of streets
dred thousand (|1(JO,IjOO) first mortgage 5 per cent bonds of for the work may stop the proposed Improvements atthe presenttime,
intend to proceed with the work commencing at the west end of
1890 have been arawn for payment at 110 and interest from we
Bridgeport near Park Avenue at a very early date.— V. 69, p. 742.
proceeds of land sales upon presentation at the company's
New York & Queens County Ry.— Quarterly.— E&imvgs
The bonds drawn
office. Mills Building, New York City.
for
the quarter ending Sept. 30 were:
will cease to bear interest Dec. 31, 1899. See numbers in our
Balance,
Oross
Interest,
Net
Other
advertising columns. This payment will reduce the amount 3 mos end.
Sept. 30.
Surplus.
earnings,
earnings, income,
taxes, etc.
of the loan outstanding to $6,777,000, a total of $1,187,000 1899
$1-12,890
$45,635
$77,006
$1,433
$32,804
bonds having already been paid oflf under tbe terms of the 1898
14,895
138,228
64,193
71,781
7,307
mortgage, by means of land sales. V. 69, p. 284.
The balance sheet of Sept. 30 thows the following items:
Hntchinson & Southern Uj.— Change of Control —See Funded debt, $3,000,000, against $3,70f>,000 on March 31;
loans and bills payable, $8-1, agaicst $170.87.^; cash on hand,
statement for Atch. Top. & Santa Fe above.— V. 67, p. 371.
Jersey City Hobokeu & Paterson Ry.— White Line Trac- $158,426, against $1,610. The syndicate loan, $1,120,000, no
tion Co.— Patersou Railway— North Hudson County Rail- longer appears in the balance sheet. See also item in last
The final steps were being taken week's Cbronicle on page 906.
way. —CorjsoZidaftors.
consolidation
Norfolk & Western Rj.— Acquisition.— The company has
under the title of the Jersey
this week for the
Patereon Ry. Co., with authorized capital acquired by purchase the Durham Belt Line of Durham,
City Hoboken
N. C, and will open it at once.— V. 69, p. 539, 546.
stock said to be $20,000,000, of the following companies:
Paterson Central Electric Ry. Co., Patereon Ry. Co.,the Saddle
Northeastern RR. of Georgia.— iSoZd At midnight, Oct,
River Traction Co., the Palisades RR Co.. the White Line Traction 31, this road. 40 miles in length, extending from Athens to
Co. and the two companies conti oiled by it, viz.: the Paterson Passaic
& Rutherford Electric Ry. Co. and the Jersey City Hoboken & Ruih- Lula, Ga., passed into the hands of the Southern Railway,
by which it was purchased for $507,000.— V. 69, p. 744.
erford Electric Ry. Co.; also the North Hudson County Ry.
The consolidation unites practically all the trolley roads
Northern Pacific Ry.— Clearwater Branch.— A press disin the upper part of the State except the North Jersey patch says that on Oct. 16 the Clearwater branch was to be
Street Railway Company, which is owntd by the same put in operation to Oro Fino, a distance of 40 miles. Work is
interests.
The officers of the new company are: President, still in progress for 24 miles further, to a place called StewDavid Young; Vice President, .iohn F. Shanley; Treasurer, art.— V. 69, p. 691, 698.
George W. Roe; Secretary, William C. Doubleday. The
Pennsylvania RR.— Taken into System.— Oa Nov. 1 the
principal office will be in Paterson. The directors are
following loads, recently purchased, were formally taken
William C. Shanley, William J. Davis. Bird W. Spencer, Peter into the system: The Delaware River RR., the Baltimore
Hauck, Jr.. Edward L Young, Philip Hexamer, James K. Carbiere,
Halsey M. Barrett. David Young and John W. Omberson. It is capi- Chesapeake & Atlantic Ry. and the Cleveland Akron
talized at $.0,000,000. David Young is made General Manager.— Columbus Ry., the last named being added to the lines west
V. 69, p. 333 V. 62, p. 365.— V. 68, p. 673.
of Pittsburg and Erie.— V. 69, p. 590.
Kansas City Pitibburg & Gulf UR.— Change in Plan.Pere Marquette Railway. Incorporation.— This comAn agreement has been reached between the Pniladelphiaand pany filed articles of association at Lansing, Mich., on
New York committees. Some of the points insisted upvn by Nov 1, preparatory to carrying out the plan for consolithe latter have been acceded to, notably the treatment of dating the Flint & Pere Marquette, Detroit Grand Rapids
;
—
A
&
:
—
—
&
—
:
&
;
THE CHRONICLE.
956
& Weetern
and Chicago
&
West Michigan RR. companies.
capital stock is $2S,0Ou.O0O, of which $12,000,000 is preferred 4 per cent. See also Pere Marquette RR.
on page 111 of Investors' Supplement. The following oflScers were announced yesterday: President, Charles M. Heald,
at present President of Chicago
West Michigan and Detroit Grand Rapids
Western companies: Treasurer, H. C.
Potter, Jr., now Treasurer of the Flint
Pere Marquette;
Secretary, J. E. Howard, the present Assistant Treasurer of
The anthorized
&
&
&
the Chicago & West Michigan.—V. 69, p. 905,
Pitt8l)urg & Western B,U.— Preferred Stockholders' Suit.
—At PittsDurg on Oct. 27 Judge White, in the County
Court, handed down an opinion refusing to certify to the
United States Circuit Court the equity suit of A. Foster
Higgins and other stockholders against the Baltimore
Ohio. See V. 69, p. 906, 852.
&
—
Sayannali Florida «te Western 'Rj.—New Officers. Stuart
R. Knott has resigned as First Vice-President of the Louis-
&
Nashville RR. to become First Vice-President
of the Plant System, with full charge of the practical operation of the property. E. R. Erwin, who was elected President of the Plant system upon the death of President Plant,
is a lawyer, and will look after the financial affairs of the
company.— V. 69, p. 132.
Southern Ry. Memphis & Chattanooga HU.— Extension
The Memphis
Chattanooga RR. Co. has applied for a
charter, preparatory to building the proposed extension of
the Memphis & Charleston Division of the Southern Railway from Stevenson, Ala., to Chattanooga. Tenn., about 38
miles. The capital stock is §250,000. The Memphis & Charleston's Division's first mortgage of the Southern Railway reserves $1,500,100 bonds for the construction of this line.
Acquisition. The purchase of the Northeastern RR. of
Georgia is mentioned above. V. 69, p. 695.
Protective
Staten Inland Rapid Transit Railway.
Measures.— Bl-dir & Price, Attorneys, 80 Broadway, New
York City, request the stockholders to communicate their
addresses in order that united action for the protection of
their interests may be promptly effected. V. 69, p. 696.
Union Pacifle RR. Final Distribution— United States to
JReceive $82 J. 897. —Judge Sanborn, at St. Paul on Oct. 24, signed
a final decree for the distribution to the unsecured creditors
of the remaining assets of the old Union Pacific RR. The
amount of claims allowed is $84,438,699. The amount distributed in the decree is $6,108,217, 6 per cent being allowed
on the face value of the claims after payment of expenses,
In this distribution the United States receives
cash
etc.
$821,898, the claim of the United States having been proved
to be $13,698,294 96. The new Union Pacific Ry. Co. is the
chief beneficiary under the decree.
Judge Sanborn also signed an order directing the receivers
to sell at public sale the hospital buildings and grounds at
Denver on Dec. 6 and at Ogden on Nov. 29. V. 69, p. 907.
United Railways & Electric Co. of Baltimore- United
Electric Light & Power Co. Merger.— The stockholders of
the Ucited Railways have authorized the issue of $2,000,000
common stock in exchange, share for share, for the common
stock of the United Electric Light
Power Co. The latter
also has outstanding $700,000 of 5 per cent cumulative preferred stock.— V. 69, p. 744.
Wheeling * Lake Erie UR.— Directors. The board of
directors (see V. 69, p. 696) has been completed by the election of the following
Frank J. Hearne of Wlieeling, W. Va., Vice-President National Tube
Co.; William G. Mather of Cleveland, President American Trust Co.,
and President Lake Superior & Ishpeming Railway, and C. M. Spitzer
ville
—
—
&
—
—
—
—
m
—
&
—
:
of Toledo, senior
Earnings.
member
of the firm of Spitzer
— The
& Co.,
bankers.
earnings for the quarter ended Sept. 80
meet the proportionate share of the year's
charges both for interest and for the dividends on the $3,420,000 of 4 per cent first preferred stock, and to leave a sur-
were
sufficient to
[Vol. LXIX.
maintain fully the efficiency of the plant were charged to
operating expenses, as is the practice of all conservatively
managed concerns. The circular says:
The business of the company Is in excellent condition; besides large
orders already on its books, we have received new orrters during the
past few days amounting to upwards of $24,000,000. While the
work in hand will continue to keep all of the shops of the company in
operation to their full capacity for a considerable period, It is so distributed that we can still take a limited amount of new work for
reasonably prompt delivery, a situation, as regards the present condition and the future prosppots of the company, most gratifying to its
oflBcers and stockholders.— V. 69. p. 908.
—
American Linseed Co. Acquisition The company's reported acquisition of the property of the Brett-DouglasPiper Linseed opposition at Minneapolis, through the purchase of a majority of the stock of a new corporation formed
to use the establishment as a warehouse, is stated to be
officially confirmed.
V. 69, p. 744.
—
—
American Malting Co. Ponds.— The directors have author
ized an issue of $4,000,000 15-year 6 per cent sinking-fund
bonds, of which $3,000,000 will now be issued to provide working capital. The bonds will take the place of the commercial
paper upon which the company has heretofore been obliged
to borrow. With an adequate working capital on hand, it is
believed that the company will be able to effect a considerable saving in interest charges, and at the same time render
itself independent and unhampered at times of adverse monetary conditions. The loan has been underwritten by a syndicate headed by J. P. Morgan
Co.—V. 69, p. 908.
&
Appleton (Wis.) Water-Works Co.— Litigation.— A. press
dispatch dated Oct. 25 from Appleton says:
Notice has been received stating that Justice Harlan of the United
S'ates Supreme Court has denied the petition for a writ of certiorari
in the case of the company vs. the Central Trust Co. The result will
be that Herman Erb will be confirmed as receiver, representing the
bondholders, and the New England Water- Works Co. will be ousted.—
V. 67, p. 481.
Ashland (Ky.) Steel Co.— CaZ^ed Pond**.— The first mortgage $500 bonds dated May 2, 1898, and numbered from I to
120, inclusive ($60,000), are called for payment at 10 per cent
premium at First National Bank of Cincinnati. Ohio, on May
L. A. Kelly is President.
1, 1900, when interest will cease.
Atlantic Iron & Steel Co.— Modified Plan.— The consoli-
dation plan has been modified and it is now reported that the
capital stock will be $10,000,000, of which
§5,000,000 to be 7 per cent preferred: par value of all shares,
The holders of stock in the Susquehanna Iron
$5.
Steel
and New Haven Iron
Steel companies, it is understood,
will get for each $5 share held by them $7 50 in new preferred and the right to subscribe to one share of new common, $1 (20 per cent) called up,— V. 69, p. 852.
Bear River Irrigation & Ogden Water- Works Co.—Receivers Removed.
At Salt Lake City on Oct. 23 Judge
Marshall handed down an opinion in the United States
Court in the case of Samuel M. Jarvis and Roland R. Conklin vs. the company, removing William Adamson and Stanley L. Conklin as receivers, on the ground that they were
not in a position to act impartially betwe^n the real contending parties. On the same day a decree was entered dismissing the petition of the Bear River Water Company, intervener. The following comes from Ogden
The litigation between the water-works company and Ogden City
has extended over two years, and grew out of an attempt by the City
Council to force the company to sell its plant at less than what the
company believed to be right. The company desired the servl ces of
three appraisers as required by the contract by the city, but the Council would not grant the request. The receivers were appointed to pro-
new company's
&
&
—
:
tect the interest of the bondholders.
Birmiugham (Ala.) Water Works Co. Mortgage. — The
company has made a mortgage to the Farmers' Loan & Trust
Co., as trustee, to secure $2,500,000 40year 53. The old 6s
aggregated $639,000, of which the $400,000 firsts are called for
payment Jan. 1, 1900.—V. 69, p. 853.
—
INDUSTRIAL. GAS AND MISCELLANEOUS.
American Car & Foundry Co.— Earnings.— An official
Capital Electric Co. of Springfield, lll.-Sale to City.
it is stated, recently voted to accept the
proposition of the directors to turn over the plant to the city.
An amount is to be paid for each lamp yearly that it is
thought will pay for the plant in about three years.
Chicago Suburban Water & Light Co. Purchase. This
company, recently described, has completed the purchase
Electric Light Co., of its
from the Cicero Water, Gas,
properties in Oak Park, Cook County, 111., for a sum said to
be §1,290,000.— V. 69, p. 592, 697.
Consolidated Water Co. of Utica.-Consoh'daHon— Redmond, Kerr & Co. have purchased the entire capital'stock of
the West Canada Water Co. and about seven eighths of the
$1,000,000 capital stock of the Utica Water Co., and have
arranged to consolidate the properties under the title of the
Consolidated Water Co. of Utica. The new company will be
authorized to issue $1,500,000 common stock and $1,000,000
five p. c. non-cumulative preferred stock; also $2,500,000 of
5 per cent 30 year first mortgage gold bonds dated Nov. 15,
1899, and due Jan. 1, 1930, interest J. & J., Continental
Trust Co. mortgage trustee.
Of the bonds, $2,000,000 are to pay for the two properties,
and the rest are reserved, viz For extension to bring water
from West Canada Creek when the company deems the same
circular dated Oct. 28 to the stockholders gives the result of
the operations of the company for the first six months following its organization. The figures, which were published in
our last issue, Vice-President Coleman says, represent the
absolute net result after all deductions. All expenditures
for repairs, depreciatior, new ^machinery, etc., necessary to
necessary, §4' 0,0C0 for additional reservoirs, extensions,
betterments, etc., with the consent of the trustee, $100,000.
The bonds are offered to the stockholders of the Utica
Water- Works Co. at 1023^ and interest until Nov. 6. After
Nov. 9 the bonds will be offered generally at 105 and interest.— See Utica Water- Works Company, V. 69, p. 854.
plus of $70,000 for the $10,210,000 of 4 per cent second preferred stock.— V. 69, p. 696.
Wisconsin Central Ry.— Earnings.—The surplus from
operations for the three months ending Sept. 30, after providing for expenses, taxes, lentals, including all terminal
charges, interest and improvements, was $249,069, being in
excess of 2 per cent on about $11,000,000 of preferred stock
to be outstanding when the reorganization is finally completed.— V.
69, p. 744.
HU.— Answer Filed.— Warten F. Walworth, ex- President of the company, has filed his answer to the
bill in equity seeking to compel him to transfer a controlling
interest in the road to the Northern Central Railway Co. He
declares that the Northern Central Company repeatedly refused to carry out its agreement to buy lu.OOO shares of stock
and $144,000 in bonds of the York Southern for $160,000, and
further states that the sale to the Northern Central would be
illegal because the State Constitution prohibits the consolidation of competing lines of railroad. V. 68, p. 675.
York Southern
—
The stockholders,
—
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NOVEMBEE
THE CHRONICLK
4, 1899.]
Continental Telephone, Telegraph & Cable Co.— Plans.—
This company, recently incorporated in New Jersey, proposas
to purchase independent telephone properties already established and to develop an extended system. The names of
Mr. Widener and several other Philadelphia and some New
York men are mentioned in connection with the enterprise.
President "W. J. L.atta, office lOJ Broadway, gave out a typewritten statement saying
The intentioH of the gentlemen who have organized the company is
to construct, as rapidly as possible, in the principal cities of the counand between them, a system of telephonic communication of the
most perfect character. The company does not propose to enter into
any injudicious and non-commercial competition with any vested interests. It will pursue its own way upon business principles, but will
not allow its progress to be checked by any on'3.
try,
Martin Maloney has been] active ia promoting the undertaking.—V. 69, p. 387.
Steel Ore Co. — Instalment Called.— A second instalper cent, or $2 50 per share, is called npon the
subscriptions to the preferred stock, payable Dec. 1 at the
Investment Company of Philadelphia —V. 69, p. 179.
Cahan
ment,
viz.: 25
957
The Treasurer is Edwin C. Lee, of the United Gas Improvement Co., which owns a majority of the §10,5f 0,000
O f the $10,5C0,0( new 5 per cent 50-year gold bonds,
the present issue, it is stated, will be $8,150,000; the same
being a first lien except for $600,000 Consutters' Gas Co. fs
due in I9u4, for which sufficien t of the loan is reserved. The
company has a monopoly of the gas business in Jersey City
and Hotx)ken, while the electric lighting business is also in
control of the United Gas Improvement Co. The net earnings of the constituent companies for the past year, it is said,
amounted to $500,000. The interest charges of the new company will be about $443,500. It is expected that the earnings
will be largely increased through the consolidation.— V. 69,
stock.
p. 909.
—
—
Imperial Iron Co. Incorporated. This company, with
headquarters at Camden, N. J., was incorporated at Trenton,
N. J., on Nov. 1, the authorized capital stock being $7,000,000.
Incorporators
W. J. Haerther. L. H. Lamb, F. D.
Graham, W. H. Ramsey and George H. B. Martin.
:
International Packing & Provision Co. No Interest.— la
Cumberland Electric Light & Power Co. of Nashville, accordance with a vote of the board of directors the coupon
Tenn.— Called Bo ids.— Five first-mortgage 6s of July 1, due Nov. 1, like the two previous coupons, remains unpaid.
1892-N08. 11, 77, 203, 334 and 435 -have been drawn by lot For the year ending Oct. 25, 1899, the net profits of the comfor redemption at 1C4 per cent and accrued interest, and will pany were $148,133, contrasting with a less for the same
be paid at the Atlantic Trust Co. No. 39 William St. New period in 1897-8 of $63,144. The working capital is still impaired to the amount of $16,283 (the impairment on Oct. 26,
York City, on Dec. 1.— V. 68, p. 724.
1898, was $164,416), and until this is fully made good the
Distilling Co. of America.— Extent of Con^roZ— Vice- company's counsel advises that the payment of the debenture
President Edson S. Bradley, before the Industrial Commis- interest would be illegal under the terms of the trust agreesion at Washington on Oct. 20, stated that the company ment.— V. 6S, p. 871.
controls about three fourths of the Kentucky whisky prodInternational Paper Co.— Active Business, — President
uct and about 85 per cent of the spirit product of the country. The saving from cutting off some 300 traveling sales- Chisholm reports the business for the month of October,
both in the manufacture and in the sales of paper, to have
men, he said, was about $1,000,COO yearly.— V. 69, p. 796.
been
one of the largest in the history of the company, only
Edison Electric Iliaminating Co. of Boston.— A'ew Stock.
or two months having a better record. The consumption
—The Massachusetts Gas & Electric Light Commissioners one
have authorized the company to issue 4,000 shares of stock, of paper has averaged about 100 tons daily in excess of the
manufacture, so that the stocks on hand have been mateto be offered to stockholders at $175. This will raise the outrially reduced.
To forestall any interruption in business
standing from $3,744,000 to $4,144,000. The company's defrom drought and lack of water, a considerable amount of
sire was to issue, not $750,000 stock, but a sufficient amount
pulp was manufactured ahead, and the company has further
to raise $750,000 in cash.— V. 69, p. 336.
,
,
Electric Co. of America. Properties Acquired.— F. T. &
Percy M. Chandler, of 441 Chestnut St., Ptiiladelphia, have
issued a circular giving the following as among the concerns
controlled by the company
Electric Light Co., of Camden, N. J,; Electric Light Co., of Atlantic
City, N. J., AtlanticCity (N.J.) Electric Light & Power Co.; Jamaica
(N. Y.) Electric Light Co.: Edison Illuminating & Power Co. and
Electric Light <fe Power Co., of Long Island City, N. Y.; Hcranton
Illuminating Heat & Power Co., Suburban Electric Light Co. (with the
Columbus Colliery, operated thereby), and Dunmore Electric
Light, Heat k Power Co., all of Scranton, Pa.; Consumer.^ Electric
Light Co.. of Wheeling, W. Va.; Edison Electric Light Co., of Altoona,
Pa.; Conshohocken Electric Light Co. and Conshohocken Gas Light
Co., of
Conshohocken, Pa.
Negotiations are pending for the purchase of several other
plants. The authorized capital stock is $25,000,000; par $50.
Present issue, $17,500,000; §7-50 paid.— V. 69, p. 553.
Equitable Illuminating Gas Light Co. of Philadelphia.
Uniled Gas Improrement Co. Operations. The statement of the operations of the Equitable Illuminating Gas
Light Co. of Philadelphia for the quarter ending Sept. 30,
as submitted to City Comptroller Walton, shows that during
the ;three months there were sold 668,115,420 cubic feet of
gas, an increase of 64,584.300 feet as compared with the same
quarter in 1898. For the first nine months of the calendar
year the gas] sales aggregated 2,556,275.400, as against 2,1C5,453,470 in 1898, an increase of 450,821,930 cubic feet, or over
12 per cent. The price received being $1 per 1,000 feet, this
represents an increase of $400,822 in gross earnings, of which
the city receives $45,082.— V. 67, p. 1207; V. 69, p. 796.
—
—
—
Erie Telegraph & Telephone Co.— Dividend Increased.
The dividend rate has been increased from 4 to 5 per cent
per annum, a quarterly dividend of 1^ per cent having
been declared payable Nov. 13 to stock of record Nov. 4.—
V. 68, p. 1225.
Federal Telephone Co —Stock All Issued.— The company has filed a certificate that its entire $10,000,000 of
authorized capital stock has been issued. V. 69, p. 853.
Fort Pitt Natural Gas Co. of Pittsburg.—PMrcTiase.—
This company is reported to have purchased a controlling
interest in the $600,000 capital stock of the Bridgewater
Gas Co., which has long been supplying gas for fuel and
light in the Ohio and Beaver valleys within fifty miles of
Pittsburg. The Ohio Valley Gas Co., occupying the same
territory, was sold last September (see V. 69, p. 647).
Holley Steel Co.— New Enterprise. This is the proposed
—
—
name
of a company projected by Cleveland capitalists, at
the head of whom is Charles L. Pack, to build a $5,000,000
steel plant at Fairport, O where a tract of 1,000 acres of
land is under option. The plans include a blast furnace of
600 tons capacity, open- hearth furnaces, a modern bar mill
and a plate mill. The product will be billets, slabs, bars and
,
plates.
Hadsnn County
(see
V.
E. F.
69. p. 7ii6)
C Young
(Jas
Co.— Organized.— The consolidation
has been ratified and directors elected, viz.:
Robert W. Elliott (Vice-President, Sec-
(President);
retary and General Manager); Joseph E. Hulshizer, Jr.; Randall Morgan; Joseph D. Bedle; Hamilton Walli.s; Thomas H. Williams; Cornelius Zabriskie; Elbert Rippleye; Myles Tierney; Bernard M. Shanley;
Samuel D. Dod; Philip Hexamer; Solon Humphreys, and William C.
Heppenheimer.
by having in reserve facilities for about
100,000 horse power for manufacture, to be used as occasion
may require. The enormous business necessitates a working
capital of some $8,000,000, which is considerably in excess of
the sum originally contemplated. Because of the large cash
fortified its position
requirements the management passed the quarterly dividend due October 1st on the common stock. The company's
balance sheet, as of June 30, was given in our issue of
August 5, page 281, in connection with an official statement
made at that time by President Chisholm giving interesting
facts about the status of the company and its business. V.
—
69, p. 908.
Kings County Electric Light & Power Co.
—Edison Elec-
tric Illuminating Co. of Brooklyn. Edison Company to be
the Operating Concern— Consolidation. The stockholders of
the Kings County Electric Light
Power Co. on Monday, for
the sake of economy in operation, voted unanimously to lease
all its property and franchises to the Edison Electric Illuminating Company for a term of thirty-eight years, the
Edison Company to pay all of the operating expenses and
fixed charges and to turn over all surplus to the Kings
County Company, to be used as dividends upon its stock at
the discretion of its board of directors. This, it is stated,
will do away with double taxation, and place all of the
electric-lighting franchises now in existence for Brooklyn
under the control of the Edison Company, with the exception of that of the Amsterdam Electric Light, Heat
Power Co., operating in Williamsburg, which has not yet
been turned over, though a majority of its stock is owned
by the E3ison Company. The Eiison Company also passed
resolutions to absorb by consolidation the Municipal and
Citizens' Companies.
The entire capital stock of the Edison
&
—
&
Company
p. 853;
is
V.
owned by
the Kings County Company.
—V. 69,
63, p. 1132.
—
Lackawanna Iron & Sleel Co.— New Stock. New Steel
Plant. The stockholders will vote Dec. 29 on a proposiiion
to increase the capital from $3,750,000 to $2.'5,000,000, in order
to provide for the construction of the proposed rail and billet
plant in Buffalo.— V. 68, p. 428.
—
Lake Superior Steel Co. Purchase Completed.— The purchase in the interest of their new company of the steel plant
at West Superior, the Ironton structural steel plant, and the
Doiuth car works is reported to have been closed on Oct. 30.
John E. Searles is a leading spiiit in the enterprise. V. 69,
—
p. 647, 757.
Los Angeles (Cal.) City Water Co.— Suit.— The company
has filed a suit against the city to set aside the awards rendered by the arbitrators, who fixed the value of the works at
$1,185,591. The city some time ago voted to purchase the
property at this price.— V. 67, p. 222.
Manhattan Light & Heat Co.— Incorporated,—This company, with an authorized capital of $3.000,0ii0, was incorporporated at Trenton, N. J., on Nov 2, to furnish light and
heat in New York, and particularly to use the Loeben patent burners. Incorporators— Frank M. Wirgman, George
Myeis, Jr., and Geo. H. B. Martin, all of Camden.
!!^= For other Inveetment News see
Page 964.
THE CHRONICLE.
958.
[Vol. LXIX.
To acquire the following
^t:poxU and ^ocxxxntnts.
securities
$SO0.00O Bonds of the Duluth Superior & Western Terminal Co.,
500,000 Stock of the Park Rapids & Leech Lake Railway Co
5c0,000 Bond of the Park Rapids & Leech Lake Railway Co.
,
GREAT NORTHERN RAILWAY COMPANY.
The Great Northern Railway Company subscribed for the
and paid $7,500,(00 for the same as men-
entire 75, ('00 snares
TENTH ANNUAL REPORT— FOR THE FISCAL YEAR
ENDING JUNE 30, 1899.
To the Stockholders
The President and Directors submit the following report
ended June 30th, 1899.
for the year
FINANCIAL.
During the year covered by this report the share capital
of the Company has been increased 650,000 shares ($65,000,000), of which 643,266 1-10 shares have been issued as follows
:
shares ($25,000,000), August 1st, 1898, in accordance
set forth in a circular to shareholders, dated
250,0
with terms
June inth, 1898.
Of the proceeds
of this issue. $15,000,000 were used for
the redemption of this Company's Collateral Trust 4 per
cent Bonds, dated September 1st, 1892. and due September 1st, 1902.
The remaining $10,000,000 were used to acquire the capital stock ($12,500,000) of the Seattle & Montana Railroad
Company, which was acquired August 1st, 1898. since which
date the line of the Seattle & Montana Railroad Company
has been operated as part of the Great Northern Railvvaj*.
To June 30th, 1899, there had been redeemed $14,964,000 of the Collateral Trust Bonds, leaving $36,(00 outstanding, as shown on the General Balance Sheet, page 962.
Since the close of the fiscal year $21,000 additional
Bonds have been redeemed, leaving §15,000 now outstand
ing, which will be redeemed upon presentation at the
Company's ofiBce in New York. Interest upon these bonds
ceased to accrue September 1st, 1898.
350,000 shares ($25,000,000) were authorized by a resolution
of the Board of Directors, adopted October 19th, 1898, for
the purpose of acquiring the stock of the St. Paul Minneapolis & Manitoba Railway Company, as outlined in a
circular dated November 7th, 1898, addressed to the shareholders of that Company. There have been exchanged
194,952 shares of Manitoba stock, for which have been
issued 243,690 shares of Great Northern stock. The remaining 6,310 shares of Great Northern stock are held in
the treasury of this Company.
150,000 shares ($15,000,00i'>) were authorized by a resolution
A
of the Board of Directors, adopted April 15th, 1899
circular was issued to the shareholdei's of the Company
April 20th, 1899, offering these shares for subscription by
them at par. Of this stock 148,576 1-10 shares have been
iss\ied, and there remain in the treasury of the Company
1,423 9-10 shares. Of the $14,857,610 realized from above
issue, $7,500,000 were used to subscribe and pay for
75.000 shares of the capital stock of the Eastern Railway
of Minnesota, which is referred to later on in this report,
the balance remaining in the Company's treasury, a part
of which has since been used in acquiring the stock and
bonds of the Spokane Falls and Northern Railway System
as outlined in the circular referred to.
Total amount authorized
$65,000,000
Of which has been issued
$64,226,610
The item " Cost of Properties and Securities owned by
the Great Northern Railway Company" as shown in the
General Balance Sheet on page 962, shows an increase of
$58,173,062 79 upon comparison with the same item in list
year's Balance Sheet,
which
is
accounted for as follows
:
&
M. Ry. Co.'e Pacific Extension Bonds
previously held by Trustee as security for Great
Northern Rail way Company's C< llateral Trust Bonds
returned to treasury of the Company through the redemption of the Collateral Trust Bonds
$15,000,000 00
(These bonds were shown as a special item on
St.
P.
M.
balance sheet for last and previous years.)
Cost of Stock of the Seattle & Montana Railroad Com-
pany
9,999.64000
-.
Cost of 191,W52 sharesof the Capital Stock of the St.
Paul Minneapolis & Manitoba Railway Company...
Cost of 7--', 000 shares of additional Capital Stock of
the Eastern Railway Company of Minnesota
Net cost of sundry other properties and seourlties acquired
Total
24,369,000 00
7,500,000 00
1,304,422 79
$58,173,062 79
The Stockholders and Boarl of Directors of the Eastern
Railway Company of Minnesota adopted resolutions on
April 1.5th, 1899, authorizing an increase of ,$7,500, 0'lO of
that Company's share capital for the following purposes
To acquire Ihe railway, etc., of the Duluth Mississippi
River & Northern Railway Company;
To obtain the means for constructing and equipping a
line of railway from Sandstone to Fridley Station, near
:
Minneapolis
To pay for the completion and equipment of the line between Lake Superior and Fosston
To pay for additional equipment and additional facilities
at the Lake Superior terminals and elsewhei-e on its
s ystem
;
tioned above.
The increase of $1,423,^05 23 in " Stocks and Bondsowned
by the Eastern Railway Company of Minnesota in addition
to tho=e of the Duluth Terminal Railway Company," as
shown in the General Balance Sheet on page 962. as compared with the same item in last year's Balance Sheet, represents the cost of the new securities above mentioned ($1,500,' 00), less amount charged off to Eastern Railway Company's income for the year for reduction in book values of
other securities owned by that Company.
There were no changes during the year in the bonded debt
of the Eastern Railway Company of Minnesota, or in the
bonded debt or share capital of any of the other proprietary
Conifanies.
The reduction in the bonded debt of the St Paul Minne-
&
apolis
page
pany's
Manitoba Railway Company, shown in table on
and fully explained in that ComAnnual Report, was caused by the operation of the
1163
of this issue,
Sinking Fund of $4»i6,000 Consolidated Mortgage 4}^ per
cent bonds redeemed.
There was outstanding June 30th. 1899, St. Paul Minneap-
& Manitoba Railway Company's First Mortgage Land
Grant Seven per cent Bond No 'i245 for $1,' 00, embraced in
the nineteenth call, and upon which interest ceased to
accrue March 13th, 1896. This bond was presented to the
Trustees of the mortgage September 15th, 1899, and redeemed by them out of funds in their hands for that purolis
This completes the retirement of these bonds.
Expenditures were made during the year on the capital
accounts of proprietary Companies as follows:
Eastern Railway Tompany of Minnesota
$6,396,710 85
Montana Central Railway Compauy
223,535 71
Willmar & Sioux Falls Railway Company
7,844 61
Duluth Watertown & Pacific Railway Company
1,808 25
Duluth Terminal Railway C 'mpany
55,310 81
Minneapolis Union Railway Company
11,988 35
Miuneapolis Western Railway Company
3,013 92
pose.
$6,700,212 50
Total
for the Eastern Railway Company of
includes the purchase price of the Duluth Missis-
The amount shown
Minnesota
River & Northern Railroad and equipment, amounts
expended on account of completion and equipment of the
Northern Division from Lake Superior to Fosston, cost of
new equipment, etc.. and expenditures to June 3')th, 1899,
on account of new line from Sandstone to Fridley, a portion
of the funds to pay all of which items was obtained
through the i^sue of $7,590,000 additional stock above resippi
ferred
to.
962, there was appropriated out of the
net revenue for the year $1,30 ',000 for the " Fund for Per-
As shown on page
''
manent Improvements and Renewals
There was al*o appropriated out of the net revenue
for the
towards the cost of the tunnel now being built
through the Cascade Mountains. This amount has been deducted from ''Revenue Account" on page 963. and is included in the amount of $3 tt73,924 43, shown on Balance
Sheet, page 963, as "Cost of Additions and Improvements
made by the Great Northern Railway Company to property
leased from the St. Paul Minneapolis & Manitoba Railway
Company and paid for from Fund for Permanent Improvements and Renewals."'
year
!f60(),000
'
NEW
LINES.
Paul Minneapolis & Manitoba Railway Company
has built no branch or new lines during the year, under the
The
St.
provisions of the lease to this Company.
As hereinbefore stated, the line of the Seattle
& Montana
Railroad Company, from Seattle. Washington,
Westminster, British Columbia,
159' 10 miles,
to
South
was operated
from and after August 1st, 1898, as a part of the line of this
Company.
The last Annual Report referred at length to the new line
of the Eastern Railway of Minnesota, from the head of Lake
Superior to Fosston. Mini esota. This line was opened for
business September 25th. 1898, and the earnings and expenses on and after that date are included in the tables subThat
mitted as a portion of the Comptroller's Report.
portion of the line between Cass Lake and Fosston. Minnesota, has been leased to and is operated by the Great Northern Railway Company.
Tlie line east of Cass Lake, Minnesota, is operated by the
Eastern Railway Company oC Minnesota.
The work of completing this line and of rebuilding the
line purchased from the Duluth Superior & Western Railway Company, referred to in the last Annual Report, in the
most substantial manner, has been actively carried on during the year.
On May 1st, 1899, the Great Northern Railway Company
began the operation, under lease, of the line of the Park
Rapids & Leech Lake Railway Company, from Park Rapids
to Cass Lake, Minnesota, 49 04 miles, and the earnings ani
expenses of the same from and after that date are included
in those of the Great Northern Railway Company, as given
Reference
in the Comptroller's tables herewith submitted.
to this line was made upon page 10 of the last Annual Report.
November
IHE CHRONICLE.
4, 1899.]
The Eastern Railway Company of Minnesota came into
possession by purchase, on May 1st, 1899, of the line oi railway, equipment, etc., of the Duluth Mississippi River &
Northern Railroad Company, and has since operated it as a
portion of its Northern Division. The line extends from a
point on the Mississippi River to beyond Hibbing, Minnesota, 49 47 miles, crossing the main line of the Eastern Railway's Northern Division at Swan River. By the acquisition of this line the Eastern Railway gains entrance to the
Messabe Iron Range and develops a large iron ore trafltic,
which, for the shipping season of 1899, will amount to over
800,000 tons.
In addition an extensive lumbering and
other business is done over the line.
During the year the Eastern Railway Company of Minne
sota began the construction of a line from yandstone to
Fridley, Minnesota
The line will connect with the Eastern
Railway's present main line at Sand Stone, running parallel
with the Great Northern's line to Brook Park, about 18 miles
forming a double track between those points. From Brook
Park the line runs to a direct connection with the Great
Northern's main line at Fridley; its entire length is 64-72
miles. Bj the use of this new line the distance between St.
Paul and Duluth will be reduced to 159-3 miles, a saving of
24*54 miles over the present distance, via Elk River and
Milaca. The line is being built in the most substantial
manner, and laid with steel rails weighing 77J/^ pounds to the
yard; the curvature is very light and the maximum grade
four-tenths of one per cect. The line is being heavily ballasted with gravel before being put into service. Traffic
trains will be operated over the new line about November
959
32 four-wheel caboose oars were built in the Company's shops, 30 for
additional equipment and 2 to replace destroyed cars.
2 four-wheel caboose oars were purchased for additional equipment.
2 heavy steam shovels were purchased for additional equipment.
Some transfers between classes and changes were made in
other equipment.
Total equipment
Locomotives
Pcissenger coaches
added to Inventory during the year
Baggage cars
59 Superintendents'
10 Steam shovels
3
Freight service cars
Caboose cars
Logging trucks
1,86.°)
37
100
oars.
.,
:
7
3
Pile drivers
Tool cars
Boarding cars
1
Other work cars
2
2
1
The equipment with air-brakes and automatic couplers of
freight cars has been actively carried forward, so that
about 92 per cent of the cars belonging to the System are
now so fitted as to conform to the Acts of Congress relating
thereto, and the remainder will be equipped during the
coming year.
As equipment
destroyed or taken out of service Operatchai-ged and "Fund for Replacement of
Equipment" is credited with the cost of replacing the same.
When equipment for replacements is purchased, the cost of
the same is charged to the account last mentioned.
ing Expense
is
is
»
ADDITIONS.
& M. Railway's Leasbd Lines
The new freight yard at St. Anthony Park, 13-5 miles, referred to in last year's Repoi't as being under construction,
has been completed and put into use.
St. p. M.
An interlocking plant, controlling the entrance to this
yard and connec ions with the main line and tracks of the
Reference was made in last year's report to the acquisi- Minnesota Transfer Railway Company, is now being built.
tion by this Company of the stocks and bonds of the several
A new yard has been put in at Hamline Transfer, midway
Companies forming the Spokane Falls & Northern Railway between St. Paul and Minneapolis, and a transfer warehouse,
System. This company came into possession of these secur- 16x800 feet, built, where all shipments less than carload
ities July 1st, 1899.
Durmg the year under review the offered at St. Paul. Minneapolis, Minneapolis Junction and
Spokane Falls & Northern System was operated separately. Minnesota Transfer, are consolidated before being forwarded. This has materially reduced the number of cars
EQUIPMENT.
handled over the line and increased the tonnage per car,
There were added to the equipment list through the takequivalent to increasing the equipment to that extent.
ing over of the Seattle & Montana Railroad August 1st, 1898:
At Carman, Minnesota, the yard has been enlarged and
1st, 1899.
6 locomotives, 7 passenger coacbes,
3 baggage, mail and express cars,
15 box oars, 64 flat and coal cars'
100 logging trucks, 3 caboose cars,
table,
1 pile driver and 1 tool car.
the purchase of the Duluth Mississippi River & Northern Railroad, before referred to, the Eastern Railway Company of Minnesota acquired the following equipment:
By
9 locomotives, 1 passenger coacb,
1 combination passeng<-r and baggage car,
2 box oars, 30 flat cars, 2 caboose cars,
1 boiirdlng car and 1 steam shovel.
This equipment has been carefully inspected and appraised, and taken into equipment account at its appraised
value.
The report for last year stated that there had been purchased during the year 45 locomotives and 3,500 freight
service cars, of which but 37 locomotives and 1,750 freight
service cars had been received and taken to account at the
close of the year.
During the year under review orders were placed for 48
locomotives and 2,500 freight service cars.
Of the total new equipment undelivered at the close of
last year and ordered this year, the following had been received and taken to account at the close of this year:
10 ten-wheel passenger engines, with cylinders 18x26 Inches, drivers
73 inches outside diameter, weight on drivers 102,00J pounds
tenders have a capacity ii.r eight tons of coal and 4,500 gallons
of water. Of theso locomotives, six were purchased to replace
three light locomotives taken out of service last year and three
taken out of service this year.
8 twelve-wheel freight eugines, with cylinders 19x32 inches, weighing on drivers 142,000 pounds; tenders have a capacity of eight
tons of coal and 4,500 gallons of water.
18 twelve-wheel freight engines, with cylinders 19x32 inches, weighing on drivers 148,000 pounds; tenders have a capacity of
;
eight tons of coal and 5,0u0 gallons of water.
6 twelve-wheel freight engines, with cylinders 21x34 inches, weighing on drivers 172,000 pounds; tenders have a capacity of nine
tons of coal and 5,000 gallons of water. The^e are similar to
the two engines referred to in last year's report as tor use on
tue mountain grade of the Montana Central Kailway.
2 eix-wheel switching engines, with cylinders 19x26 inches, weighing 114.000 pounds without tender.
3 six- wheel switching engines, with cylinders 19x26 inches, weighing 137,000 pounds without tender.
The remaining nine locomotives ordered but not received at
the close of the year or taken to accouut above, have since been
received and are now lu service.
1 passenger coach was purchased for the Montana Central Railway.
6 Superintendents' care, one 38 feet long, and live 34 feet long each,
were built in ttie Company's sbops, and
1 Superintendent's car was chanaed'fr.im a passenger coach.
250 thirty -six-feet, 60,000 pounds capacity, box cars, with hopper bottoms, equii<ped with air brakes and automatic couplers.
750 thirty-six feel, 60,000 pounds capacity, standard hox rars,
equipped with air brakes and automatic couplers; 28 to replace
destroyed cars and 722 for additional equipment.
50 flfty-eight feet, 60,000 pounds capacity, box cars, equipped with
air brakes and automatic couplers, for use in transferring shipments from freight staiions at 8t, Paul and Minneapolis to
transfer station at Hamllne, where shipments are consolidated
In regular cars and forwarded. (Built at Company's shops.)
750 forty-four-feet, 60,000 pounds capacity, combination oars,
250
new brick 20-&tall round house, turncoaling station, and new water supply
built, to properly handle the business moving via the Fosston line.
The old round-house and buildings connected therewith
at St. Cloud have been removed and the yard has been re-arranged. The Osseo and the St, Cloud & Willmar lines have
extended, making a double track from the Junction to the
A large and complete granite passenger
St. Cloud yai'd.
station has been built at St. Cloud, also a new water supply.
New depots have been built at Clear Lake, Bisbee, Galchutt, Vienna, Danvers, Index, Wellington, Cascade TunThe
nel, Skykouaish, Edwall, Foley, Teton and Big Sandy.
brick station and Superintendent's office building at Larimore has been enlarged, and freight shed built at Long
Lake, Minnesota.
Standard section-houses have been built at Teton, Laredo
and Buxton, and ninety-seven three- room section-houses
on the Montana, Kalispell and Cascade divisions, to provide
for track laborers,
14-pocket coaling station has been built at Kalispell. in
place of 10-pocket station burned, and a Iti-pocket station at
Larimore in place of a It'-pocket station burned. These
stations are equipped with lifting engines.
A new 80 ton track scale has been put in at Great Falls,
Montana, in place of a SO-ton scale, and heavy scales are
now being put in at other stations.
Important improvements in the water supply are being
continued. Power pumping plants were put in at Rugby
Junction, Leavenworth, Wilson Creek, Midvale, Wayzata,
Fisher, Troy, Coram, York, Emerado, Mcintosh, Dugdale,
Milaca and Sultan
Numerous other improvements in
water stations have been made, with a view to equipping
the entire line with an ample supply of good water.
Many additional stock yards have been built along the
line of the road during the year to handle increasing stock
shipments, being a continuation of the work referred to in
reports for the last and previous years.
On the main lines standard passing tracks 3,000 feet long
have been laid this year, or old tracks have been lengthened
to standard, and many additional tracks for local industries
have been built, the total net increase in side-track mileage
being 44 41 miles.
During the year the re-laying of 39 miles of track between
Palermo and Williston with 75 pound steel rails in place of
60-pound, and of 5 6 miles between Coram and Columbia
Falls with 75-pound steel rails in place of 68-poimd, was
completed.
Other re-laying was authorized, and is in progress at the
close of the year, but not completed.
The 60-pound rail removed in these cases is used to replace
entirely re-arranged,
equipped with air brakes and automatic couplers.
forty-) eet,
60,000 pounds capacity, flat care, equipped with
air brakes and automatic couplers; to leplace destroyed
cars. Fourteen flat cars were taken out of the equipment list
during the year
(The balance of the freight service equipment purchased,
2,'.250 cars, had not been delivered at the close of the year,
but is now being received.)
2'''-pocket
A
lighter iron and steel rail on branch lines and 56-pound rail
in the construction of passing, yard and other tracks.
Eastern Railway of Minnesota.
The re-laying of the track between West Superior and
Nlckerson, referred to in last year's report, has been completed.
There has al.so been re-laid 15-17 miles between
Ooquet and Deer River with 75-pound steel in place of 60pound. The re-laying of 55-6 miles with 77i^-pound rail in
THE CHRONICLE.
960
place of lighter rail was authorized early in the season. The
work, though well under way, was not entirely completed
at the close of the year.
The widening and bringing to grade of the embankments
between Hinckley and Nickerson, 30'7 miles, is about completed, and that portion of the line is also receiving full
gravel ballast.
Many miles of ditches have been put in on the line between Cloquet and Deer River for the purpose of draining
swamps and improving the roadbed. The work already
done
is
and
very satisfactory. This work is still under way,
completed by the close of the year ending June
will be
30th, 19C0.
A
Montana Central Railway.
has been done on this line during the
past few years that but little was required this year beyond
the filling of some wooden trestles, which will be completed
the coming fall.
Heavy rip-rapping and slope walls have been placed along
the Boulder River near Bernice and on the Missouri River
near Riverdale. to protect the road-bed from high water.
Banks have been widened and restored to grade between
Cascade and Craig, and track ballasted.
Tracks have been I'e-laid as follows
With 75-pound steel in place of 60- pound steel, between
Hardy and Wolf Creek, and east of Johns, 23 48 miles.
With 771^ -pound steel in place of 75 pound steel, between
Clancy and Portal and Bernice and Elk Park, 19"07 iniles.
The re-laying of 45-83 miles with 773^-pound steel and 3*31
miles with 75-pound steel was authorized during the year,
but was not entirely completed on June 30th.
There was a net increase of 4"052 miles in mileage of side
tracks during the year.
much new work
:
The fencing
of
GENERAL WORK.
the right of way has been
actively
fol-
There were built on the
lowed.
Miles.
Great Northern Railway
Eastern Railway of Minnesota
Montana Central Railway
Willmar & Sioux Falls Railway
Duluth Watertown & Paciflc Railway
38544
2 60
....104*79
804
1-92
.502-70
Total
The practice of replacing bridges and trestles with steel.
making permanent water-waj^s, and filling or replacing
wooden structures with solid embankments wherever possihas been continued, the record of the year being
Length of steel bridges built—
Feet.
Great Northern Railway
4,590
Eastern Railway of Minnesota
574
Duluth Terminal Railway (portion of elevated track in Duluth). 2, 132
Montana Central Railway
648
Willmar & Sioux Falls Railway
36
ble,
Total
Lineal feet of bridees tilled—
7,980
Feet.
Great Northern Railway
Eastern Railway of Minnesota
Montana Central Railway
Willmar & Sioux Falls Railway
14,b96
l,f^44
3,971
955
Total
21.466
To provide the necessary waterways
in place of bridges
above, there were put in 84 stone culverts, 1 brick
culvert, 198 pipe culverts and 6 box culverts.
The widening of banks, restoring of grade and ballasting
with gravel on the Great Northern Railway was completed
during the year from
filled as
:
Miles.
Carman
to Fosston
Larimore to York
WMllace to Willi Pton
Willlston to Calais
30*66
97*50
88-65
6700
The banks were widened and restored to grade betweenPacific Junction and Verona
3700
Similar work is now in progress, and it is expected the
close of the present fiscal year will see the widening of
banks and ballasting completed from Calais to Blackfoot,
about 400 miles.
The change of line at Gassman Coulee, near Minot, referred to in last year's report, has been comp'eted, with the
The cost of this improvement
steel trestle also mentioned.
to date
is $24'<.463 93.
indication of the amount of work done during the
year in improvement of tracks, the following closely approximated quantities of material moved are given
As an
:
Onbic Yards-
In changes of line for purpose of redacing grades and
curvature
In widening embankments, taking out sags and generally
restoring banks
For
For
filling
bridges
ballftbting (gravel)
Total.
As has been stated in former reports, only such amounts
as were paid for actual additions to the property have been
charged to "Additions and Improvements" and the entire
amount charged to that account during the year on account
of the line leased by the Great Northern Railway Company
from the St. Paul Minneapolis & Manitoba Railway Company, amounting to $984,391 86, has been transferred to
'•Fund for Permanent Improvementsand Renewals (created
by appropriations from Income) so that the Great Northern
Railway Company is not carrying on its books as an a'^set
the cose of any additions and improvfments.
All replacements, renewals, etc., have been charged to
Operating Expenses. The amount included in 'Maintenance
of Road and Structures" this j'ear for extraordinary improvements, etc is $833,228 48.
'
'
Interlocking plants have been built at Carlton and State
Line, and a new section house at Nickerson.
new electrical power house, 57x77 feet, and boiler and
engine house. 81x43 feet, have been built to properly handle
the business of the Company's elevators at West Superior.
The double track has been extended for 2^ miles south
from Saunders Station, making the total double track 8^^
miles from West Superior south.
The net increase in side track mileage during tbe year,
not including mileage of side tracks on new lines taken
over or operated for the first year, was 24'58 miles.
So
[\0L. LXIX.
1,549,541
1,775,667
557,929
825,983
4,709.120
,
VOLUME OF TRAFFIC AND RATES.
During the year the amount of wheat carried increased
about 16.000,000 bushels, practically all East bound, or 480,000 tons as compared with the previous year. The increase
in the total revenue tonnage was 1,913,000 tons; there was.
therefore, an increase during the year in tonnage hauled
other than wheat of 1,433,000 tons. A large portion of this
was short-haul merchandise, due to the generally iniproved business conditions in the country seived by this
Company,
This accounts for the seemingly small reduction in the
average revenue per ton per mile of '16 mills, or 172 per
cent.
In the report for last year it was estimated that the reduction in wheat rates made on account of the opening of
the line between Fosston and Duluth would reduce the
Company's revenue by about $1,000,000. The year's statistics show a reduction in the average revenue received for
transporting a bushel of wheat of 1-3 cents, equivalent to
about $875,000.
The earnings from passenger trains show an increase during the year of 17 per cent, or $721,660 35. Of this, there
were contributed from Mails and Express, $273,680 03, and
from strictly passenger sources, including Sleeping Cars,
There is probably no better Illustration of
etc., $447,980 32.
the growth of the Western country than the increase in
mail earnings. The United States Post Office Department
pays for transportation of mails upon the basis of the weight
carried, as ascertained by an official weighing once every
four years. The mails carried west of the Minnesota-North
Dakota State line were weighed during the spring of 1898 and
compensation on basis of weights then ascertained began
to accrue from July 1st. 1898. Therefore, practically the
entire increase of $229,088 28, or 5104 per cent, in mail
earnings comes from the increase in mail matter carried
It should also be rememto and from the Pacific Coast.
bered that as the weight of mail increases the rate of pay
per pound decreases, and in consequence the weight actually transported is probably 75 per cent more than it was
four years ago.
The average revenue received per passenger mile has decreased from 2-222 cents to 2-208 cents
The tons one mile have increased 11-36 per cent, the car
miles 6-24 per cent and the freight train mileage 4-84 per
cent, increasing the average load of 316 tons per train nearly
twenty tons (6 29 per cent) to 336-172 tons.
In last year's report reference was made to the value of
permanent improvements on the line, covering reductions
in grade and curvature, and the general condition of the
road-bed, which, with better methods in conducting transportation, is shown in the increased average load and revenue per train mile.
During the period covered by this report, thorough examinations and surveys have been made over important portions of the line, particularly between Havre and the Pacific
Coast and on the Montana Central, which show that existing grades can be greatly reduced and the line improved to
an extent which will increase the train-load, and give the
entire trans-Continental line lower grades than can be had
over any other route.
A large part of this work is now under way, and will be
completed during the current year, and it is expected that
the entire work will be completed within 18 months.
The Cascade Tunnel is well advanced and will be ready
for trains in the fall of 1900, at which time all the improvements on the entire trans-Continental line should be
finished.
At Spokane the Company has secured favorable locations
and freight facilities upon which new passenger and freight stations, with convenient and extensive
for passenger
yards, will be built.
The Board of Directors, after due consideration, has
thought the better way to provide capital required for future
extensions or purchases of new lines would be by the issue
of additional shares of stock, giving the shareholders the
opportunity to subscribe for the same at par in proportion
to their respective holdings. This policy will rapidly reduce
the annual interest charge and strengthen the Company's
position in every way.
The Board respectfully calls the attention of the Shareholders to the Report of the Comptroller, with the customary Balance Sheet and statistical tables, and the Report of
the Land Commissioner,
JAMES
J.
HILL,
President.
November
THE CHRONICLE.
4, 1899.]
GROSS EAR>INGS, OPERATING EXPENSES. TAXES AND NET
EARNINGS OF THE RAILWAY SY-TEM. AND PER
MILE OF ROAD OPERATED.
For the Fiscax Year Ended June 30th. 1899, Compared with the
COMPTROLLER'S REPORT.
Mr. James
Dear
J. Hill,
961
President:
Previous Fiscal Year.
Qross Earnings.
beg to submit statements showing results of operation of the Great Northern Railway Company and its proprietary companies for the fiscal year ended Per cent
1899
June 30th, 1899.
29
These statements are made in exactly the same form, and 79-0602|$19,7:9,209
14-99071
3,750,33857
on the same basis, as those submitted with last year's re270981
677,94501
Sir
Herewith
:
I
1-0027
2-2366
port.
The
statements on this page in next column show
the Earnings, Operating Expenses, Taxes, etc., of the
Railway System. The statement below shows the division
of those amounts between the several railways. On this
and the next page, are given the Revenue and" Income Accounts of the Great Northern Railway Company.
The results of operating the following lines, from dates
given, being those upon which they were acquired, are in-
Railway Companv
$18,056,046
3,311,380
448.856
206,256
...Miscellaneous....
555,003
$22,577.544 19
Total
;$25,017,903 6f
Operating Expenses.
j
Percent
1898
1899
Per cent
j
$5,989,017 75 Conduct'g Transp
1,595,188 15 Maint. and Equipm't
Maint. of Road
3,478,925 04 \ and Structures ^
49-2356
ia-1140
28-6002
9-0502
$5,419,137
1,481,820
2,906.486
1,047,261
.
)
I
1,100,870 85 ...Gen'l Expenses
...
42 49-9243
34 13-6514
43 26-7763
44 9 -64^0
:
From AufTust let, 1898, Seattle & Montana Railroad, from Seattle to
South Westminster, B. C, 15910 miles.
From September 25th, 1893, line between Foaston and Cass Lake,
Minnesota, leased from the Eastern Railway Company of Minnesota.
From May let, 1899, line between Park Rapids and Cass Lake, Minnesota, 49-04 miles, leased from Park Rapids and Leech Lake Railway
$12,164.00179
SUMMARY OF EARNINGS AND EXPENSES.
$22,577,544 19
10,854,705 63
Gross Earnings
.Operating Expenses
$25,017,903 66
12.164,001 79
:
From September 25th. 1898, line between Deer River and Cass Lake
and between Nemadji River and Cloquet, constructed.
From May 1st. 1899, line purchased from Duluth Mississippi River
«fe Northern Railroad Company, 49 47 miles.
,
Income from Operation.
Operating Expenses, p.
Earnings
48-62
c.
$11,021,897 28
of Gross
48-08
Operating Expenses and Taxes,
of Gross Earnings
52-33
Coulee Coal Company and Great Northern Express Company are omitted, as in former years, as they are kept separate and distinct from those of the railway system.
I.
Taxes
$11,926.542 44
this year shows, the same as last
year's, the financial condition of the Railway System.
The finances of the Northern Steamship Company. Sand
11,722,838 56
700,941 28
.Net Earnings.
$12,853,001 87
927.359 43
The Balance Sheet given
R.
1898
1899
|
Eastern Railway Company of Minnesota
$10,854,705 63
Total
I
|
Company.
In
88179-9735
58il4-6Pe7
73; 1-9881
9i35
41
59 2-4582
Freight
Passenger
Mail
Express
250,848 16
559,562 63
|
cluded in the proper tables:
In Gheat Northern
Percent
1898
p. o.
51-18
$5,226 92 Gross Traf. Earn'gs per mile of Road.
2,541 39 ...Operating Exp. per mile of Road...
$2,685
Farrington,
Comptrol er.
4,786 36
$2,624 91
Net Earnings per mile of Road.
.'^3
.
$5,055 43
2,430 52
Av. Miles of Road under Operation..
4,466 00
STATEMENT SHOWING THE REVENUES FOR THE YEA.R ENDED JUNE 30th, 1899, OF THE GREAT NORTHERN RAILWAY
COMPANY AND ALL PROPRIETARY COMPANIES.
Gross
Oompanies.
Earnings.
Great Northern Railway
7^;t.irei
$19,057,813 96
$9,396,647 55
$758,941 50
83
53
S3
41
1,318,511 82
1,128,19^^89
284,973 24
35,669 29
Income from
Miscellaneous
Operations.
Income Received.
$8,902,224 91
$673,825 15
$9,576,050 06
1.884,580 20
46
02
22,529 88
975 5«
158 00
$11,926,542 44
$950,419 61
$12,876,962 05
3129
181 352 16
Total.
Railways—
Eastern Ry. of Minnesota
Montana Central Railway
Willmar & Sioux Falls Ry..-..
Duluth Waterto wn & Pacilic Railway
Total Railway System Proper
$25,017,903 66
Other Companies—
Minneapolis Union Ry
231,501
100,126
33,704
1,002.448
698,766
514,121
Minneapolis Western Ry.*
Duluth Terminal Ry
Northern Steamship Co.t
Great Northern Express Company
Sand Coulee Coal Co
Total for Svstem
*
3,049,481
1,908,163
919,428
83,015
For eighteen months ended June 30, IS 99.
66
$12,164,001 79
94
1,993 21
2,106 89
48,186
47,647
20.204
748,834
539,036
348,373
15
74
t
83
53
91
$927,359 43
02
50
67
45
$27,598,572 19
99,320
36,318
27,645
5,132
41
67
86
65
51
10,410 40
2,952 80
^
$13,916,285 83
$944,822 73
1,631,649
743,645
606,809
42,213
181,320
50.372
13.' 00
253.613
149.319
162,795
18
11
78
87
20
00
59
10
43
$12,737,463 63
2.'>2,931
766.174 99
607,785 34
42,371 46
50 354 92
00
59
10
70
Dr. 17 3S
13,500
253,613
149,319
165,162
2,367 27
$13,690,264 52
$952,8C0 89
For year ended Decemb.'^r 31, 1898.
Explanatory Note.
Duluth Watertown & Pacific Railway Company, above shown, have been applied to the re-payment of the
ad^ ances made by the Great Northern Railway Company on account of deJicits in previous years.
Northern Steamship Company:— From the surplus earnings above shown, there has been repaid to the Great Northern Railway Company
the balance of the amount advanced on account of the deficits in previous years, and out of the remainder has been paid the
dividend of $150,000, below mentioned.
Dividends: -Out of the net income of the Companies named the following dividends have been declared:
Eastern Railway Company of Minnesota
$1,250,000 00
Montana Central Railway Company
250,000 00
Willmar Sioux Falls Railway Company
300,000 00
Minneapolis Union Railway Company
25,000 00
Minneapolis Western Railway Company
25,000 00
Northern Steamship Company
150,000 00
The surplus earnings
of the
<fe
Total
$2,000,000 00
which amount is not included in the " Miscellaneous Income" of the Great Northern Railway as given by the above table, but Is added
to that "Miscellaneous Income " in the Income Account on next page.
Duluth Terminal Ry. Co.:- This Company is the owner ol the railways used by the Eastern Railway of Minnesota, to secure entrance into
Duluth, and of extensive yards in Duluth. Its stock and bonds are all owned by the Eastern Railwav. Under the franchise of the
Duluth Terminal l^ailway its earnings derived from trackige are limited to six per cent on its stock and bonds the interest and
dividend paid, amounting to $13,500. are not included in the "Miscellaneous Income" of the Eastern Railway as above shown.
Great Northern Express Co.:— The amount under 'Operating Expenses" includes the amount paid railway companies for transportation.
Sand Coulee Coal Co.:— Included under the amount shown under "Operating Expenses" in addition to the cost of mining and marketing
coal, is a charge of ten cents per ton to provide a Smkln? Fund asralnst the ultimate exhaustion ot the property. A portion of the
rental received from buQdings Is likewise set aside for their replacement. These Sinking Funds now amount to $il5,470 82.
;
REVENUE ACCOUNT.-GREAT NORTHERN RAILWAY
CO.
Earninos from Operation of St. P. M. & M. Ry.'s Leased Lines and
Line of Seattle & Montana Railroad Company,
Earnings—
Year Ended June 30th,
Freight
Passenger
Mail
Express
Miscellaneous
GrossEamlngs
1899.
$14,657,484
3,068,966
623,695
215,281
492,387
Brought forward
Oper.\ting ExpensesConducting Transportation
Maintenance of Equipment
Maintenance of Road and Structures
General Expenses
04
19
22
39
12
Total Operating Expenses
Taxes
$19,057,813 S6
Income from Operation
%i(},os7,Srs gb
$4,553,070 71
1,255,274 63
2,701,^^76 79
887,025 42
$9,396,647 55
758,941 50
10,155.589 05
$3,902,224.91
THE CHRONICLE.
26Z
Brought forward
$^,003,224 gr
From which have been paid:
Rentals—
To St. P. M. & M. Ry Co
[Vol. LXIX.
Broright forward
Income from Other Sources, ground rents
$2,620 jj6 g2
53,268 23
miscellaneous items, etc
2,673,825 15
:
Guaranteed Interest on St. P. M. &
M. Ry. Bonds, Paid and Accrued. $3,.^05,045 68
(For Details see next Hage.)
Guaranteed Dividends of 6 per cent
on Cupital Stock of St. P. M. & M.
Ry. Co
1,200,00000
Maintenance of Organization ol St.
P. M. & M. Ry. Co
6.686 47
Otherrentals
123,566 67
Total Charges
of the St. P. M.
1, 1898, 1^2% on $25,000 000
Nov.l,18J>8. 1^% on 50,000,000
Feb. M899, l?i% on ';4,261.r.00
May 1, 899. 1%% on 74,b69,000
& M.
Ry. Co. obtained
it in
778,686 00
$1,200,000 00
for construction of Cascade
nel, e;c
Tun-
600,00000
Balance transferred to Income
Account
S?.*^
,00000
1.299,576 56
1,301,457 50
3,851,033 76
Interest on Bonds Owned:
Todd County Bonds
County of Pipestone Bonds
Townof Wndeua Bonds
Town of Sandness Bonds
Townof eaf River Bonds
Town of Hutchinson B. nds
Townof Minnesota Falls Bonds
Montana Central Ry. Co. Bonds
Minnesota Transfer Ry. Co. Bonds
Willmar & Sioux Falls Ry. Co. Bonds....
Butte Anaconda & Paciflc Ry. Co. Bonds..
St. P. M. & M. Ky. Co. Consolidated Mortgage Bonds
1
NetAmount
$4,137.824 34
Amount transferred to—
Fund for Permanent Improvements
and Renewals
$375,000 00
$1,787, 1 91 96
DETAILS OP OTHER INCOME.
received
Fund
:
Balance transferred to Profit and Loss
$4,916,510 34
exchange for stock of Great
Northern Ry. Co
as follows
Aug.
by th" Great Northern Ry. Co. as
dividends paid and accrued on stock
by
$5,638,225 72
Total Income
From which have been paid dividends
Total Rpntals
$4,835,298 82
Interest on Gieat Northern Ry. Collateral Trust Bonds to Sept. 1, 1898,
when interest ceased to accrue under call for redemption of bonds..
31,211 52
From which deduct amount
$2,064,400 jr
$5,937.82434
$2,964,400 57
INCOME ACCOUNT— GREAT NORTHERN RAILWAY COMPANY
YEAR ENDED JONE 30TH, 1899.
Balance Transferred from Revenue Account
$2,964,400 57
Other Income:
Interest on Bonds Owned
$105,017 49
Dividends on Stocks Owned
2,134,t^20 00
Rental of Lines Loaeed
166,317 69
Bills Receivable (Land Note*)
3,615 54
General Interest
56,493 83
Rental of Equipment and Car Service
86,339 87
Profit on Treasury Securities sold during
the year
68,152 50
$75 00
1,800 00
390 00
120 00
120 00
510 00
120 00
00
30,0
1,189 99
1,050 00
50,000 00
19.642 50
$105,017 49
Total
Dividends on Stocks Owned:
St. Paul Foundry Co Stock
$6,000 00
Northern Sieamchip Co. Stock
150,000 00
953 00
Great Northern Ry. Co. «tock
2,62^ 00
St. Paul Union Depot Co. Stock
250,0U0 00
Montana Central Kv. Co. Stock
.Minneapolis Union Ry. Co. Stock
25,000 00
00
Eastern Ry. Co. of Minnesota Stock
1,250,0
2r-.,000 00
Minneapolis Western Rv. Co. Stock
Willmar & Sioux Falls Rv. Co. Stock
300 000 00
29.400 00
B^itte ATiaconda & Pacific Ry.Co. Stock..
95.642 00
Oregon RR. & Navigation . o. Prf'd Stock
$2,134,620 00
Total
CONDENSED GENERAL BALANCE SHEET, JUNE 30TH,
1899.
BEING A CONSOLIDATION OF THE GENER.4.L BALANCE SHEETS FOR THAT DATE OF THE
Great Northern Ry. Co., Eastern Ry. Co. of Minnesota, Montana Central Ry. Co., Willmar & Sioax Falls Rt. Co., Duluth
Watertown & Pacific Ry'. Co., Minneapolis Union Ry. Co., Minneapolis Western Ry. Co.
OR.
DR.
AND Duldtb Terminal Ry. Co.
By Capital Stock
Less Amount held
$90,000,COO 00
Treasury of
Com pany pending further exchange
773.390 00
of Stock of St. P. M. & M. Ry. Co
To Cost of Propers es and Securities
Owned by Great Northern Ry. Co. $87,560,178 83
Less Capital Stock and Bonds of Proprietary Companies Owned by
Great Northern Ry. Co. and not
shown contra
21,855,000 00
.
Cost of the following Properties controlled by Great Northern Ry. Co.
through ownership of their entire
Share Capital:
Eastern Railway of Minnesota
Railway, Equipment, Elevators,
etc
$21,335,486 36
Montana Central Ry.— Railway and
in
$89,226,610 00
Hands of Public.
,
.-^
$36,000 00
4,700,000 00
5,000,000 00
6.000,000 00
3.300 000 00
3.646,000 00
2,150,000 00
650,000 00
500,000 00
25,982,000 00
Car Trust Obligations.
CarTrustNotes Assumed by Eastern
Ry.Co. of Minnesota upon purchase
of DulutliSuperior& Western Ry.—
due in February and August of each
year until February 1, 1906
$47,551,327 31
Cost of Duluth Terminal Ry.. the Entire Share Capital and Bonds of
which are owned by the Eastern
Ry. Co. of Minnesota and not
shown contra
389,353 93
Current
47,940,681 24
Cost of Additions and Improvements
made by the Great Northern Ry.
Co. to Property leased from St. P.
M. & M. Ry. Co. and paid for from
"Fund for Permanent Improve-
205,616 18
Liabilities.
$1,831,89645
Audited Vouchers Unpaid
1,174,972 66
Unpaid Pay-rolls
Unpaid Coupons, including those due
1,574,61400
July 1.1899
9 «4
Unpnid Dividends on G N. Ry. Stock.
79 50
Unpaid Divs.on St P.M&M Ry Stock.
861,154 63
Due to Other Companies & Individ's.
5,43?,726 88
3,073,924 42
Deferred
Stocks and Bonds owned by Eastern
Ry. Co. of Minnesota in addition
to thosepf Duluth Terminal Ry.Co.
Current Assets.
CashinSt. Paul Office
Cash inNew York Office
Cash in London Office
Due from Agents
Due from U. 8. Post Office Depart-
1,565,701 00
Due from other Companies and
$449,375 81
125,691 66
20P,16J 67
783,?32 14
made by Great Norrhern Ry.
Co. to
Property leased from St. P. M. & M.
Ry.Co. and patdfor from "Fund for
Permanent Impro'ts & Renewals". $3,073,924 42
Unexpended Balanceof Fund for Pernianentlmprovementsifc Renewals 1,995,768 3f>
335,136 08
FundforReplacement of Equipment.
Indi-
833,390 44
Current Account to
Value of Material and Fuel on Hand.
Interest Accrued, not due
Contingent Liabilities.
Cost of Additions and Improvements
19,236 Oi»
2,143,464 21
Other Proprietary Companies
Bond
.
74 88
39,306 36
viduals
Accrued Taxes, not due
G. N. By. Co,
299,0^5 31
837,594 26
De-
Bills Receivable
Liabilities.
Rentalof St. P. M. & M. Ry. Accrued,
not due, leas Accrued Dividends on
St. P. M. & M Ry. Stock owned by
$459,11492
8,859,125 80
170,894 53
Office
partment
Due from U. 8. Transportation
Advanced Charges
In
Funded Debt
Mont.Cen.Ry.Co.lst Mort.Bd8.,6 p. 0.
Mont Cen.Ry.Co.l6tMort.Bd8.,5 p. c.
Wil & S.Falls By.Co.lst M.Bd8.,5 p. 0.
Minn. Un. Ry. Co 1st M. Bds., 6 p. 0.
Minn. Un.Rv. Co.,l8tM. Bds.. p. 0.
Minn.West.Ry.Co.,l8tM. Bds., 5 p. c.
Equipment.
14,534,48624
Willmar & Sioux Falls Ry.— Railway
and Real Estate
5,428,743 36
Duluth Watertown & Paciflc Ry
2,206,926 41
Minneapolis Union Ry.— Union Depot. Railway, etc
3,302,187 68
Minneapolis Western Ry
743,497 26
Advances
.
Gt. No. Ry.Co.,Col.Tru8t Bds., ''ailed.
Eastern Ry. Co. of Minnesota, First
D)V. First Mortgage Bonds, 5 p. c.
Eastern Ry.Co. of Minnesota, Northern Div., First Mort. Bonds, 4 p. c.
.
ment
Due from Canadian Post
.
S:ock Issued and Outstanding
$65,705,178 83
ments and Renewals"
in
236,339 93
13.867,706 64
1,632,253 99
Total
to
amount deducted from Income
provide for
future Improve-
$5,404,828 8r>
ments and Renewals
323,683 04
tnsurancw Fund
Surplus Funds of Proprietary Companies, Deposited with GreatNorth-
trn
Ry.Co
Balance— Profit and Loss
$133,785,446 12
1,.567,769 31
7.296,281 20
4,852,979 72
$133,785,446 12
November
THE CHRONICLE.
4, 1899.]
AND PASSENGER TRAFFIC
ENTIRE SYSTEM FOR THE YEAR BNDED JUNE 30,
1899. COMPARED WITH PREVIOUS YEAR.
STATISTICS OF FREIGHT
OIC
Increase.
Description.
18P9.
Amount.
P. Cent
FREIGHT TRAFFIC.
Uileage of freieht trains.
Mileage of mixed trains
Mileage of loaded freight cars.
Mileage of empt y freiglit cars.
Total car mileage
Tonsof
5.809,762
010,202
5,541.497
685.687
136,894.981
41,-.;36,920
131.344,692
36,325,88;
178,131,901,
167,670,579
freightcarried.revenue;
CompaDy!
Total
268,265
24,515
4-8410
4-1857
5,550,289 4-2257
4,911,033 13-5194
10,461,322
6-2392
10,002.810
1,318,076
8,089,593
1,220,417
1,913.217 23-6503
97,659 80O21
11,320,886
9,310,011
2,010,876 21-E991
Tons of revenue freight carried
2,158,212.794, 1,987.955.894
220,256.900 11-3654
one mile
Earnings from freight trafflc... $20,061,812 47in8,344,3t)7 31 «1,7«0,426 16 »-3786
All cars hauled per freight train
mile
Tons revenue freight hauled
per train
27-75
27-37
-38
1-3884
336172
."16-288
l!.-(84
6-2867
1-010
$0 14
6-84 51
14-755
15-7«5l
j
(2
$313|
99|
Ce
-916
ts.
CeiUs.
-932
Mileage of passenger trains
3.757,818
Passengers carried
2.024,293
Pussentfers carried one mile
1 9,882.887'
Earnings trom passenger trains $4,934,159 68
-016
1-7167
Increase.
406.072
SOS.fSg
2f ,841,541
$721,660 35
Inc.
12-1152
17-9889
l:v9837
17-1314
Cent*.
PASSENGER TRAFFIC.
3.351,74"
1,715.664
149,041,3-3f
$4,21:i,49i»i7
4-6823
Dec
T^€CT€€tS'
I
Barnings per ton per mile
Earn 'gs per passeng'r train mile
Earnings per passenger per mile
$1-3130
$00562 4-4717
$1-2568
Cents. 2-208'
Cents. 2-222
Decrease.
Cents. -014
9,478,9;!0
Increase.
698,852
Dec.
-6301
TOTAL TRAINS.
ger trains
10,177,782
Earnings from freight and passenger brains
$24,998,972 OP $22,556,886 58
Earnings per tr lin per mile
Expenses per tram per mile
1
Inc.
7-3727
$2,44 2,085 51 10-8263
246
120
238
11^1
08
06
3-3613
5-2632
186
124
02
1-6129
earnings per train
per mile
STATEMENT OF BONDS AND STOCK ODTSTANOIN^ IN THE
HANDS OF THE PUBLIC FOR WH[CH THE GREAT
NORTHERN RAILWAY 0(JMPANY IS RESPONSIBLE OR DIRECTLY UNDER
GUARANTEE.
Outstanding
St. p.
8,000,00<i
5,676,000
13,344,000
22,250,000
7,907.000
14,545,454
Outstanding
July 1, 189y.
Bonds.
Julijl, 1898.
00
00
00
00
00
00
54
M.
Dakota Exten., 6
p.c.
Con. Mtg., '^ p.
Con. Mtg.. 4'« p. c
Montana Ex., 4
p. o..
Pacific Ex., 4 p. c
Total
A n.
Charges
Paid 1898-9.
& M. Ry.—
1st Mtg. (called) 7p. c
2d Mtg., 6 p. c
MUm.
2017
53621
271-28
579-25
566-76
Division (not includina' line
leased from Eastern Ry. Co. of Mino.).
461-18
713-36
360*31
Montana Division
Kalispell Division
Cascade Division (not including line of
Seattle & Montana RR. Co
SOT-BO
Total First Main Track
37816-12
3,816-12
Miles.
Second Track
2788
Third Track
Fourth, Filth and SixthTracks
1305
9-26
5021
3,866-33
567*52
Total Tracks covered by the Bonded
Debt of the St P. M. & M. Ry. as
shown in the preceding table
Other Tracks Leased by thb Great
Northern Railway Co.
liiles.
Oregon RR. <k Nav. Co.. Spokane
Un'on Depot Co., and Spokane *
Side
Truck,
Miles.
&
Eastern Railway of Minnesota
4,433-85
480
Seattle Ry.in8pokane,WM!'hington
Everett
Monte Cristo Railway,
Everett, Washington
5-25
— Fosston
591
Park Rapids & Leech L^ke Railway
4-07
Park Rapids to Ca s Lake
Track Operated by the Great Northern Railway Co.:
Seattle & Montana RR
Seattle. Washinton to South Westminster, B. C
2488
Main Line Operated by Great Northern Railway Co
Proprietary Co.MPANiES: Side
Main
$1 ,000 00
8,000,000 00
$480,000 00
340,560 00
800,640 00
9i'5,747 50
316,280 00
581,818 18
00
I3,344,0u0 00
21,784.000 00
.=-,676,000
7,907,000 (
'14,545,454 5j
shown on p. 961
$3,505,045 68
Track.
10-05
1005
59-77
65-68
49-04
53-11
159;10
183*98
15,000,000 00 Col. Trust(calied)4pc
East, Rv. of Mjkn.—
4,700,000 00 1st Dlv. , 1 St Mi g, 5 p c
5,000,000 00 No. Div.,l.st Mtg, 4 p c
Montana Cent. Ry.—
6,000,000 00 l8t Mt?., 6p c
3,3OU,C00 00 Ist Mtg., 5 p.c.
WiLL.&S. Falls Rt.—
3,616,000 00 1st Mtg., 5
p. c
Minn. Union Ry.—
2,150,000 00 IstMtg., 6 p. c
650,000 00 i8tMtg.,5 p.c
Minn. Westekn Ry.—
500,000 00 l8t Mtg., 5 p.c
Total
$36,000 00
$81,211,52
4,700 000 no
5,000,000 00
235,000 00
100,000 00
6.000.000 00
3,300,000 00
360,000 00
165,00U 00
3,646,000 00'
182,300 00
2,l.'i0.000 OQ!
650,000 00
129,000 00
o2,500 00
500,000 00
25,000 00
Second Track
855
Dulatb Terminal Railwav
357
Leased, Superior Belt Line & Ter'21
miuHl Railway
50*62
Montana Central Railway.
15-98
Willmar & Sioux Falls Railway
408
Duluth Watertown <fe Pacific Railway
4-70
Minneapolis Union Railway
2 63
Second Track
4-<:9
Minneapolis Western Railway
Total First Main Track, Proprietary
Lines
Total Second Main Tracks and Side
201-56
Tracks Proprietary Lines
unexchanged
$132,66^,454 54 ...Total
$25,000,000 00 Gt. Northern Ry.
^outstanding
Road
in System.
$504,600 00
Net
$421,314 00
t
$97,744,254 54, $5,336,371 20
Co.,!
.^7,000
00
in
force
$97,202,454 54
Authorized Capital Stock of Great Northern Ry. Co. 90,000,000 00
Total Capitalization of System
$l87,-,i02.454 54
Mileage of Track in system, including second, third,
fourth, fifth and sixth tracks, as shown in next table.
Add Main Track mileago of Spokane Falls & Northern
Ry. system, the bonds ai d stock on which were acquired by G. N, Ry. Co., July I, 1899
Total Mileage of Main Tracks covired by the
above capitalization
Stock and Bonds per mile of main track
Mileage of Main Tracks covered by bonds In hands of
^public
Bonded Debt Outstanding per mile of Main Track
cov ered thereby
5,041 71
5-87
261-95
205-25
69-84
2-63
1-69
902-16
Total Main Tracks
all
kinds, in
5,850-39
St. P.
& M.
M.
Ry.
Main Track Seattle
Montana RR.
Main 'track Proprietary Companies.
Second Main Track Proprietary Comp'ies.
Total Main Tracks
First
First
<fe
Note.— Total Milegage of Road in System,
June 30th, 1899, as shown above
Total Mileage of Road in System, June
cOth, 1898, per report for that year
Increase in Mileage
Is
902 16
201-56
.
made up
as follows
3,8fi6-33
159*10
1,005-10
1118
5,041*71
4,996-24
4,698-26
297-98
:
M. & M. Railway:
Extension of "Y"at8t Cloud
New -'Y" Tracks at Carman.
Extenfion of St Cloud & Willmar Line at
St. Cloud
Extension of line at Burwell, Minn
St. p.
•12
-98
-65
•68
2-43
Less change of line at Des Lacs
$97,239,454 54
1-78
June
$89,226,610 00! $3,851,033 76
Bonds Outstanding as above
Less Bonds called, not yet redeemed
Bonds Outetandin.g account of Mortgages yet
353-15
4.996 24
Total Miles of Tracks,
Sy stem
This Increase
!
'
59-77
30,1899
$97,239.45454 $4,915,057 20
Stock.
$20,000,000 00 St. P, M. & M. Ry.—
b p. c, guaranteed
412-92
10553 353 15 10553
Total Miles of
4,C9408
Track.
Eastern Bailway of Min111-44
nesota
Less leased to Great
Northern iV way Co.. 591
Great North'n Rt.—
$112,669,454 54
^^^mUcs^'^'
,
Mileage of freight and passen-
$1.0f
LINES.
Dakota
toCassLake
Averages.
traflic
Lines Leased from St. P. M. & M. Ry. Co.:
Terminals Division
Fergus Falls Division (not including line
leased from Park Rapids & Leech Lake
Railwav Co.)
Willmar Division
Breckenridge Division
Northern Division
freight hauled
per loaded car
Earnings per freight train mile
Net
TRACK STATEMENT.
GREAT NORTHERN RAILWAY AND PROPRIETARY
Total Main Tracks covered by lease..
Side Tracks
AVERAGES.
Tons revenue
963
Hill,
-21
North Dakota
2*22
Eastern Railway of BIinnesota:
Correction of Mileage reported in 1898,
for line purchased trom D. 8. & W. Ry..
Line of D. M. R. & N. RR. purchased
Completed. DeerRiverto Fosston
Nemariji J unction to Cloquet
Hinckley to Fridley (nearly
completed)
•28
49 47
98-59
27 53
64*72
240 59
Leased.
217 20
Supei-ior Belt Line & Terminal
By., 8t Louis River Bridge to
5-87
SSaunders
.'',258
246-46
91
Montana Central Railway
$35,597 20
:
Extension Cottoi>wood Branch
Park Rapids & Leech Lake Railway.
4,697-23
$20,693 57
*Not including £3,000,000 St. P. M. & M. Ry. Co. Pacific Extension
Bonds in Treasury of Great Northern Railway Compiny.
IDlflFerence between amount of rental accrued under lease and dividends received or accrued on St. P. M. & M. Ry. stock owned by G. N,
Ry. Co.
(Leased by Great Northern Railway Co..
Increase in mileage
•26
49-04
297-98
Note.—The Lines of the Spokane Falls & Northern Railway System,
217-20 miles, ^^ere taken Into the Great Northern Railway System on
July Ist, 1899, the bonds and stock CDvering those lines having been
acquired by the Great Northern Railway Co. on that date.
THE CHEOJSICLE.
964
—
EQUIPMENT OF GREAT NORTHERN RAILWAY AND
PROPRIETARY LINES.
FoK Yeab EtTDisG June 30th. 1899, Compared with Year Ending
June 30th, 1898.
1899.
1898.
Locomotives
541
482
Passenger Equipment—
42
3
12
Dining Cars
Smokers
Buffet
8
Coaches
152
24
33
101
Tourist Cars
Passenger and Baggage
Baggage, Mail and Express
Business Cars
24
32
98
10
392
Freight Equipment-
Box Cars
Combination Box and Stock Cars
Transfer Frelgut Cars
Furniture Cars
Hay Cars
Express Freight Cars
Refrigerator Cars
11,843
750
50
1,152
6
2,755
500
700
764
283
500
700
764
246
51
51
49
41
16
50
43
19
8
8
DitchingCare
1
1
Pile Drivers
8
7
6
13
Rotary Snow Plows
Snow Dozers
6
13
Flangers
Total Freight and
100
72
Work Equipment
See particulars in V.
69, p. 853.
stock of $500,000 (to be issued in shares of §10 each, fully paid
and non- assessable), of which $200,090 is 7 per cent cumulative preferred.
The preferred shares are offered for subscription at par, a bonus of one share of common stock being
given with every two shares of preferred. The company
"proposes to manufacture high grades of open hearth and
crucible steel, used mostly in the manufacture of tools"
President is Aaron I. Sanson, Jr., Philadelphia. Company's
Philadelphia office, 133 South 12th Street.
—
Pottstown Iron Co. New Stock. The stockholders will
29, on a proposed increase of the capital stosk,
70 now $1,000,000, par $100.-V. 69, p. 797.
Pressed Steel Car Co. Increased Capacity.— Pl&ns are in
1
1
Logging Trucks
Other Work Equipment
city Treasurer.
—
159
527
Stock Cars
Flat and Coal Cars
Sand Cars
Ore Cars
Ballast Cars
Catioose Cars
CinderCars..
Boarding Carp
Derrick and Tool Cars
Steam Shovels
Lidgerwood Unloaders
—
National Steel Co.— Office in Ncv York. The company is
make its headquarters in the Empire Building, this city.
Y. 69, p. 285.
Palmetto Co.—$1,000,000 Additional Stock.— There was
listed last week on the Philadelphia Stock Exchange $1,000,372 000 additional stock, making the total outstanding $3 500,000.—V. 68, p. 131.
Philadelphia Electric Co.— Mostly Deposifed.—OveT 94
10,855
per cent of the shares of the Pennsylvania Manufacturing
Light & Power Co. and the National Electric Co., it is
1,152
6 stated, have been deposited under the consolidation agree6 ment in V. 69, p. 797 and 853.
153
Philadelphia Steel Co.— Stock Offered. This company is
527
2,678 incorporated under the laws of New Jersey with a capital
17
Total Passenger Equipment
to
New York Suburban Gas Co.— Listed in Philadelphia. —
The company's $1,100,000 1st mortgage 5 per cent gold bonds
due March 1st, 1949, have been listed on the Philadelphia
42 Stock Exchange.— V. 69, p. 853.
3
Pacific Coast Biscuit Co.— Incorporated. — The company
12
Charles E.
8 was incorporated at Portland, Ore., on Oct. 24.
143 Ide of Syracuse is President and John O. Hanrahan of this
Class—
Sleeping Cars
Parlor Cars
[Vol. LXIX.
17.850
19,861
vote Dec.
preparation
for
the construction of
additional
shops at
Allegheny on the property recently purchased from the
Baker Chain & Wagon Iron Manufacturing Co. Y. 69, p.
—
LAND COMMISSIONER'S REPORT.
745.
James
—
J. Hill. Esq., President:
Dear
Scr
— I respectfully submit
the following report rebt. Cloud Land Grant for the
garding the Minneapolis &
year ending June 30th, 1899.
fiscal
Acres.
Acres.
Amount of Grant, Hincklev Branch
Amount of Grant, WiUmar Branch
Total Acreage selected to date
Total Acreage deeded to Company
425,664-00
51.200-00
476,86400
169,p01'38
154,815*32
'
Total acreage sold prior to June 30th, 1899..
Value of same
Avtrage price per acre
79,133-90
$276,131 92
3 49
Remaining unsold June 30th, 1 899
397,730
1
OPERATIONS DURING THE YEAR.
7,965*42ia
Sales, acres
Amountsold for
Average price per acre
Disbursements of Land Department
Amount of Deferred Payments due Company, which are
$38,482 82
4 83
12,783 18
bearing interest at six and seven percent
71,361 87
Charles H. Babcock.
Asst.
Land Commissioner.
—
National Starch Co. Readjustment—Sale of Stock. The
stockholders have received a circular recommending the deposit of their holdings with the United States Mortgage &
Trust Co. for sale to a Readjustment Committee at the price
of |75 for each share of first preferred, $30 for each share of
second preferred and |10 for each share of common stock so
deposited and delivered. The sale will be conoummated
only in case 50 per cent of each class of stock shall be deposited on or before Nov. 16: if consummated payment will be
made on or before Dec. 6. The Readjustment Committee
consists of Joy Morton, Charles R. Flint, Alexander H. Stevens, W. Emlen Roosevelt and George W. Young. The circular is signed by the following prominent directors and
stockholders
:
William F. Piel, W. Emlen Roosevelt, Alexander H. Stevens, Albert
Erkenbrecher, Clifford B. Wright, Edward H. Bonner, F. M. Gilbert,
Richard Jobn<4on, Charles C. Burns, Frederick C. M. Lautz, William
F. Piel. Jr., Thomas W. Thorn, A. R. Beardsley, Willett H. C. Coles,
Henry Piel and Henry R. Wood.
Stockholders depositing their stock have the option of becoming members of the purchasing syndicate. The conpons
due Nov. 1, 1899. were paid upon presentation at the Chase
National Bank, New York.
Plan. The committee is given wide scope in the preparation of its plan, which may include either the readjustment
of the company's finances or its reorganization and the issue
—
of new securities, or the sale of its assets or the merger of its
stock with the stock of some other company. Any such
plan when adopted by a majority interest of the syndicate
subscribers will be binding upon all. On or before Feb. 1,
1900, the fubscribers are entitled to receive (1) either their pro
rata share of the avails of any such plan or (3) a pro rata
distribution of the shares purchased, subject to the payment
of the expenses of the committee, or (3) at the option of a
majority of the committee, the repayment of the cash
amount paid by the syndicate subscriber with 5 per cent
interest thereon and a bonus of 10 per cent. V. 68, p. 328.
—
Rubber Goods Manufacturing Co.
American Bicycle
Co. New Acquisitions.— Bicycle Tires.— Control of the Dunlop Tire Co. was acquired, in the interest of the Rubber
Goods Manufacturing Co., last July. It is now announced
that the preliminaries of an agreement have been arranged
with the American Bicycle Co. whereby the Hartford Rubber
Works will be taken over. The plant of Morgan & Wright,
of Chicago, manufacturing double tube tires, has been controlled by the Rubber Goods Manufacturing Co. since the
It is also intimated
latter's organization early in the year.
that if the negotiations with the American Bicycle Co. are
fully successful, the Rubber Goods Manufacturing Co. is
likely to acquire from the former not only the plant of the
Hartford Rubber Works Co., but also those of the Indianapolis Rubber Co., the Peoria Rubber Co., and the rubber
business of the Indiana Cjcle Co.— Y. 69, p. 231, 908.
Union Light & Power
Co.
(Utah).— Deposits.— Holders
of all of the outstanding first mortgage 6 per cent bonds of
the Pioneer Electric Power Co., of 83 per cent of the 5 per
cent first mortgage bonds, and of 92 per cent of the 6 per
cent consolidated mortgage bonds of the Union Light
Power Co., have assented to the plan of reorganization of
June 30th, 1899 (in V. 69, p. 133). The time within which
&
the remaining bonds and stock may be deposited without
penalty has been limited to Nov. 15, 1899.— V. 69, p. 182.
Union Water, Light & Power Co.— /«corpomtion.— This
company on Oct. 30 filed its incorporation papers with the
County Clerk at Newark, N. J. The authorized capital
Incorporators: Selwyn N. Blake, Fredstock is 81,000,000.
erick W. Garwin, Carl M. Yail, Edward L. Smith and C.
Frederick Smith are named as trustees. Principal office in
New Jersey is in East Orange.
United States Bobbin & Shuttle Co.— First Dividend.—
The company has declared a quarterly dividend of 1% per
cent on its preferred stock, payable Nov. 1. Y. 69, p. 839.
Tirginia-Carolina Chemical Co.— Neic Acquisitions.—The
company has purchased the plants of the Commercial Guano
Co. at Savannah and Columbus. These plants are said to be
worth fully $500,000. The Macon (Ga.) "Telegraph" says :
—
This practically gives the company control of the fertilizer business.
Onlj a few mouths ago the company bought the Baldwin Fertilizer
Co. of Savannah, with its large factories at Port Royal, S. C, and also
the Standard Fertilizer Co. of Charleston. It is reported on good
authority that It has more recently acquired the Edisto Manufaoturing
Co. of that city, the Standard and the Edisto being two of the largest
fertilizer companies in South Carolina. The Virginia-Carolina Chemical Co. also owns large phosphate interests in South Carolina and
Florida, having acquired practically all of the $1,000,000 of the capital stock of the Peace River Phosphate Mining Co. of Florida. The
recent purchase gives the Richmond corporation every fertilizer factory at Savannah with the exception of the Savannah Guano Co. It
is said that there is only one other fertilizer factory in the State which
is not controlled by this corporation -a small plant at Valdosta.
Much the same, condition exists in South Carolina.— V. 6!),p. 232.
—Charles A, Moore of Manning, Maxwell & Moore has
been elected a director of the Liberty National Bank. Ten
shares of the bank's stock were sold at auction this week at
325^, a material advance on recent quotations.
E D. Shepard & Co. offer for sale the balance of $150,000 City of Topeka, Kan., improvement bonds. The advertisement is on page 975.
—
November
4,
THE CHRONICLE.
1899.J
^omxnzxcml
"^ht
COTTON.
jinxes*
COMMERCIAL EPITOME.
Friday Night, November
1899.
3,
The healthy coadition of commercial busiaess has been
reflected in a contianed hardening of values in nearly all
lines of merchandise, sellers quite generally having the advantage. The movement of supplies in some lines of trade
has been sufficiently heavy to keep the market closely sold
up, with the result that it is more a question of obtaining
supplies promptly than price that has received buyers" attention. Coffee, which tor several years past has shown a
steadily declining tendency, has joined in the general advance based on the large consumptive requirements. Cooler
weather has been experienced the past few days and had a
favorable influence in the retail trade upon the movement of
seasonable merchandise. The reverses to the British forces
in the South African war had only a temporary influence in
speculative circUs.
Nov. 1,
1899.
Stocks of Merchandise.
1899.
Xov.
bblB
tos
Tobacco, domestic
Ooffee.Rlo
hhds
bags
Ooffee, other
Ooffee, Java, &o...
bags.
mats.
hhds.
bags, &o.i
Sugar
Bagar
Molasses, foreign
Hides.,
hhds.I
Ctotton...
bales.
No.
Bosln
bbls
Spirits turpentine.....
bbls.
Tar
bbls
bags.
Rice, E.I
Bice, domestic
Linseed...
Siltpetre
Jute butts
bags.
bags.
bales.
bales.!
hemp
Flour
bales
bbls.
and
4,401
15.908
9,900
777,217
52,621
105,973
31
19.695
None.
20,800
107.335
19,543
1,053
1,450
2,100
bbls.
Manila hemp....
evening the total receipts have reached 231,990 bales,
against 244,435 bales last week and 264,054 bales the previous
week, making the total receipts since the 1st of Sept., ISf 9,
2,025,787 bales, against 2,725,863 bales for the same period of
1898, showing a decrease since Sept.l, 1899, of 700,076 bales.
this
i
sacks!
6,842
17.186
10,363
741,137
96,738
112,535
31
19,010
None.
14,300
145.765
25,197
6,9
1,015
1,337
2.700
8.30O
None.
None.
6,800
None.
850
7,443
74,700
October
1,
Norfolk
14,282
11,761
7,327
618.080
120,668
10".468
None.
23.114
None.
74,100
70,505
7,916
Ne-w York
7,5 1
None.
2.600
7,500
88,900
Mon.
Sat.
Wed.
Tuet.
Thurt.
Qalveston
16,018 17,695 15,623 11,516
Tex. City, Ac
5"ew Orleans.
9,054 7,192 23,352 7,493
Mobile
652
1,157
2,181
1,465
Pensaoola, &c.
1,288
Savannah
5,047 6,001
8,657 6,646
Brun8w'k,&c.
2,062
Charleston....
1,321 1,958
2,343
1,078
Pt. Royal, &c.
WUmlngton.... 2,747 2.820 2,992 1,420
1898
DAILT CLOSING PRICES OF LABD FUTURES.
Sat.
Mon. Tties.
Wed. Tkurs.
5-62
at—
EteceipU
9,589
Fri.
loial.
8,680
79,121
2,165
2,571
Boston
Baltimore
281
200
333
Phlladel'a, &o.,
258
689
128
3,100
1,400
None.
6,0C0
None.
15,690
72,777
79.000
Fri.
5-60
November.
5-55
5-50
5-45
5-47
Pork has been quiet, but values have held fairly steady,
closing at $9 25@1C 00 for old and new mess.
Cut meats
have been quiet. Tallow has held steady at AfgO. Cottonset d oil has been in fair supply, and prices have declined to
26}^(a27c. for prime yellow. Butter has been firmer on light
arrivals. Cheese has been in better demand and firm. Fresh
eggs have held steady.
Brazil grades of coffee have been in fairly active demand.
The distributing business has been fairly brisk and there has
been more activity to the demand for invoice.^. Prices have
advanced and the close was firm at 63^c. for Rio No. 7.
West India growths have been in moderately active demand;
offerings have been limited and prices have advanced, closing at 9c. for good Cucuta. East India growths have had a
fair jobbing sale at firm prices.
Speculation in the market
for contracts has been moderately active on continued buying for investment account, and prices have advanced, closing steady. Following are final asking prices:
Nov
5-200. Feb
5-35c June
5-550.
Dec
5-30C. March
5-40c. July
5-600.
Jan
5-300. May
6-50o. Sept
5-70C.
Raw sugars have been quiet and unchanged, closing at
4}.|@4 5-16c. for centrifugals, 96-deg. test, and 3 13-16c. for
muscovado, 89-deg. test. Refined has been quiet and uqchanged at 5}i@5 3-16c. for granulated. Other staple groceries have been in moderate demand and firm.
Kentucky tobacco has been in moderate demand and firm.
Seed-leaf tobacco has continued fairly active and firm. Sales
for the week were 4,650 cases,.
Demand for Straits tin nas continued limitei, and prices
have further declined, closing quiet at 30@30-10c. Ingot copper has been quiet and prices have been lower, closing at
17c. for Lake.
Lead has had only a limited sale, but values
have held steady, closing at 4-57i^@4-62i.^c. for domestic.
Spelter has been easier, but the close was steady, at 4-80@5c.
for domestic. Pig iron has been in fair demand and firm,
closing at $19 50@24 CO for domestic.
Refined petroleum has further advanced, closing at 9 25c.
in bbls, 6-75C. in bulk and 10-50c. in cases. Naphtha firm at
10-50c.
Crude certificates have been neglected. Credit balances have advanced to $1 56. Spirits turpentine has been
quiet but steady at 51@513^c. Rosins have advanced to
$1 30@i 85 for common and good strained. Hops have been
in slightly better demand and steady. Wool has continued
active demand at advancing prices.
News, &c
Tot. this
351
2,442
7,843
1,062
1,800
4,839
599
741
924
59,636
7,935
3,088
39,033
2,803
8,223
2,315
1,009
13,303
4,408
1,418
2,640
98
103
613
397
314
648
648
8,107
Wa8h'ton,&c
Lard on the spot has been in limited demand, both locally
and at the West, and prices have weakened under moderate
offerings, closing at 5'50c. for prime Western and 5'20c. for
prime C'ty. Refined lard has been in slow demand and
prices have weakened to 5 85c. for refined for the Continent.
Speculation in the market for lard futures has been only
moderately active and prices have declined under increased
offerings by packers.
A larger decrease in the Chicago
stocks, however, than expected held the demand in check to
some extent and the close was steady.
m
Friday Night, November 3, 1899,
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week endio g
N'p't
Pork
Lard
Blaal
Oct. 1,
966
1,577
372
69
69
1,928
13,323
286
384
303
640
2,777
2,959
1,385
533
2,562
189
127
146
week 38,048 41,302 61.784 32.006 28,409 33,441 234.990
The following shows the week's total receipts, the total since
and the stock to-night, compared with last year.
Sept.l, 1899,
1899.
Receipts to
Nov. 3.
1898.
Since Sep.
1, 1899.
This
week.
Galveston...
79,121
Tex. C&o.
New Orleans
648
59,636
ThU
xeeeh.
Since Sep
1, 1898.
653,826 132,904
917
8,036
508,476 94,929
61,134 18,420
28,595 12,863
354,849 69,668
40.227 18,408
107,991 30,219
441
199
119,623 20,564
423
71
101,139 33,388
3,588
723
3,663
3,435
12,037 16,386
14,125
581
7,614
2,506
MobUe
7,935
P'sacola, &c.
3,088
Savannah... 39.033
Br'wlck,&c
2,803
Charleston..
8,223
P.Royal,&c.
Wilmington. 13,303
Wash'n, &o.
69
Norfolk
13,323
N'portN.,&f
384
New York..
303
Boston
2,777
Baltimore .
3,959
Phlladel.&c.
1,385
Stock.
888,774
183,785
358,645
294,665
34,560
256,721
38 059
104,196
16,839
24,106
145 129
26,339
52,440
19,774
44,492
30,816
56,237
598
77,255
19,000
2,694
4,483
8,821
562,760
94,837
41.529
448,614
84,385
179,290
12,529
155,485
535
173,478
6,498
9,494
48,207
3,513
7,114
105,629
23,000
13.287
3,226
234.990 2,025,787 456.181 2,725.863
Totals
1898
1899.
858,883 1,032.092
In order that comparison may be made with other years*
totals at leading ports for six seasons.
we give below the
fteceipts
at-
Galves'n,&o
Orleans
New
MobUe
Savannah
Chas'ton, &o
WUm'ton, &f
.
1898.
1899.
79,769
59,636
7,935
39,033
8,223
13,372
13,323
133,821
94.929
18,420
69,668
30.418
20,635
33,388
1897.
1895.
1896.
82,388
102,568
7,493
64.493
40.107
15,995
27,641
1894.
32,717
65 980
7,041
29,298
68,287
92,443
9,658
39,183
22.169
13.633
34,175
384
723
663
578
All others...
13,315
54,179
26,284
24,837
10.441
9,115
13,849
9,934
19,556
wk.
234,990
456,181
367,632
304,983
197,931
Norfolk
N. News, &c.
Tot. this
87,312
129.249
9,706
54,224
36,711
12,227
23 698
28.341
15,194
398,662
Since Sept. 1 2025,787 2725,863 2522.864 2636,022 1818,839 2660,392
The exports for the week ending this evening reach a total
of 165,857 bales, of which 71,237 were to Great Britain, 27,515
to France and 67,105 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 18S9.
Week Bnding Nov. 3,
Exported to—
Mxvorti
from—
Great
Pranee
Brit'n.
Oalveston....
Tei. CltT. &o.
New Orlean*.
Mobile
33.016
&.610
8.834
6,631
6,990
WllminKton..
Norfolk
N'port N., &o..
New York....
1.491
Boston
2,101
Baltimore....
Philadelphia.
1,153
1.316
ToUl
Total. 1898
18,870
37,C14
131,858
7.644
1.30C
15,954
138,554
?,
1889.
29.408
487
Oonti.
nent.
98.949
2.2.36
55,6135
119,230
12,284
3.299
6.926
42,379
24,619
123.960
lotal.
427,857
2.836
30d,923
10.317
17.307
21,361
62.631
15.954
83,509
190.958
20,600
73.982
9,646
9.546
16.694
97,998
113,877
9.829
1.077
10.905
500
144
e44
13.460
1.612
1,820
71.287
...
316.700 112,208
52.542
410
7C0
Ban Frantic
Not .
Exported to—
...
Charleston...
Port Royal...
Sevt. 1. 1899. to
10.593
487
1,800
9.327
From
Conti- total
Great
France
nent. Week. Britain.
7,614
Pensaoola....
Savannah
Brunswick
8,934
1899.
12.904
7,696
4,422
2.614
41.091
29.496
10.826
34,907
86.224
476
29,971
1,853
13,277
600
4,8-5
18.762
6.880
0,880
1.320
67.105 166 357
563,316 206.787
657,869 1.32T,9-2
25.586 147,813 311.96?
860,144 140.971
611.628 1615,743
27.515
THE CHRONICLE.
968
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows. Produce Exchange Building.
Futures.
New
Other
Britain. trance. Foreign
Orleans...
Galveston
Savannah
Charleston
MobUe
Norfolk
New York
Other porta
Total 1899...
5,888
23,700
5,000
2,000
7,coa
2,500
1,000
13,000
60,088
11,647
13.652
None.
11,3S5
23,007
7,000
None.
None.
None.
200
None.
600
None.
265,765
116.214
92,196
21,106
22,560
19 316
102,929
48,126
28.900
72,571
12,000
3,000
12,000
11,500
2.700
28,000
12,212
None.
400
None.
8,000
None.
None.
050!
free
00 uu
I
05
@
,
62,266 116,460 33,259
36,860 135.992 23,882
377,933
309,371
704.154
501,505
05a
©
OCao
Middling..
Middling
Good
738
8^
GULF.
67, fi
7i«
7^8
71016
Middling..
Middling
Good
Middling.,
Middling Fair..
83fe
STAINED.
Sat.
Low Middling
5^8
678
7^8
738
Middling
Strict Middling
Gtood Middling Tinged.
en
615,f
738
739
77,6
7l'ifl
71li.
7Uif
7%
8^8
8l8
8^
Mon Tne«
Sat.
Good Ordinary.
63i«
6-'8
67,8
718
7»B
715 6
838
l^V^ed
67i3
7l«
67,6
71«
7^8
7%
6ifl
7s,p
711,6
838
838
I
Tli.
8
715, »
mon Tues Wed
579
678
718
738
83,
578
678
718
738
579
fi78
515,
R16 16
7%
738
77fl
1898
1897
1896
1895
1894
1893
1892
79ifi
55,6
6
83i6
8 6,6
5\
838
83e
1891. ...0. 8Bie
9\
1890
1889
105,ft
1888
1887
1886
1885
1884
913,6
908
93,6
91a
978
1883. ...0.109,6
1882
lOifl
1158
1881
1880
11
1879
115,6
1878
97,6
11^8
1877
Ilia
1876
Futures
Market
Closed.
;
Sales op Spot
Oon-
Contract.
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made up bv
The Visible bUPPLY of Cotton to-night, as
cable and telegraph, is as follows. Continental stocks, as well
as those for Great Britain and the afloat, are this week's returns, and consequently all European figures are brought down
to Thursday evening.
But to make the total the complete
figures for to-night (Nov, 3), we add the item of exports from
the United States, including in it the exports of Friday only.
7 '8
85,.
Frl.
658
76,6
713,6
Hl«
89 6
61,6
71,8
76,6
79l6
1896.
1897.
1898.
1899.
stock at Liverpool
63^,000 419,000 418,000
bales. 733.000
10,000
3,000
Stock at London
5,000
2,000
Total Great Britain stock. 735,000 640,000 422,000 428,000
19,000
10,000
17,000
Stock at Hamburg
24,000
73,000
57,000
Stock at Bremen
156,000 114,000
5,000
1,000
1,000
Stock at Amsterdam
1.000
'^00
100
200
Stock at Rotterdam
200
8,000
7,000
8.000
Stock at Antwerp
4,000
88,000
92,000
82,000
Stock at Havre
159,000
.'^,000
4,000
4,000
Stock at Marseilles
4,000
37,000
34,000
20,000
Stock at Barcelona
62,000
14,000
3,000
24,000
Stock at Genoa
10,000
22,000
6,000
15,000
12,000
Stock at Trieste
^14,200 271,100
Total Continental stocks _432.200 285,200
699,100
Tetal European stocks.. 1,167,200 925,'eOO 636,200
45,000
9,000
19,000
3,000
India cotton afloat for Europe
Amer. cotton afloat for E'rope. 550,000 884,000 748,000 786,000
45,000
49,000
41,000
57.000
Egypt, Brazil, &c., aflt.forE'pe
Stock in United States ports.. 858,883 1,082,092 810,876 1,122,657
Stock in U. 8. interior towns.. 646,125 573,5^5 336,258 461,249
66,205
70,156
48,712
25,784
United States exports to-day
Total visible supply
3,307,992 3,&7»,529 2,719,490 3,225,211
Of the above, totals of American and other descriptions are as follows:
Ameriea7i —
555,000 335,000 303,000
bales. 668,000
Uverpool stock
186,000
173,000
386,000 231,000
Continental stocks
American afloat for Europe.
550,000 8^*4,000 748,000 78ti,00O
858,883 1,08 J,092 810.876 1,122,657
United States stock
United States interior stocks. 646,125 573,525 396,258 461,249
66.205
70,156
48,712
25,784
United States exports to-day..
2,9:^5,111
2,5.ia,290
3,374,329
American
Total
3,134,792
East Indian, Brazil, dtc—
, , ^ „„^
84,000 115,000
80,000
65.000
Liverpool stock
3.000
10,000
5,000
2,000
Londonstock
85,100
64,'200
41,200
46,200
Continental stocks
45,000
9,000
19,000
3,000
India afloat for Europe
4°<,000
49,000
41,000
57,000
Egypt, Brazil, &c. afloat
186,200 300,100
199,200
173,200
Total East India, &o
Total American
3, 134,792 3,374,3«9 2,533,290 2.925,111
visible
supply
3,307,992 3,57,i.529 2,719,490 3,225,211
Total
3J4d.
4n,2d.
4i39d.
3d.
Middling Upland, Liverpool..
6c.
81flO.
79 60.
56,60.
Middling Upland. New York..
6d.
4^,.d.
47ea.
Egypt Goo(i Brown, Liverpool 5iB,fid.
6i4d.
6ied.
6^d.
Nom'l.
Peruv. Kough Good, Liverpool
4B„d.
3i4d.
4ied.
37i6d.
Broach Fine, Liverpool
4932d.
3iiif.d.
3d.
376d.
Tlnnevelly Good, Liverpool.
.
. .
18»a
1678
261$
251a
sump.
<I<1
^o^'
@
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19^
Ex-
•^<I
tOK3
tOM
OOD
tots
1488
1458
port.
10 to
©«o
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7',e
79ie
& Oontbaoi
00
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M
I
05CO
1^
I
MARKET AND SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed or
same days.
Spot Mabket
CL08BD,
I
tori
^00
<1<I
QO
I
^
05 -q
roM
©W
^<l
9
1875.. ..0.1358
1874
1873
1872
1871
1870
1869
1868
I
I
The quotations for middling upland at New York on
Nov. 3 for each of the past 32 years have been as follows.
1899. ...c.
@
«3-^
'
Tb. Frl
73,6'
I
K)M
©<I
<I-J
to
IVed Tb. Frl.
63i6
6 '8
738
Middling..
Middling Fair...
Low
6^6
63ie
678
Low
<J-1
9|
to
vanced l-16c. on Thursday and i^c. to-day, closing at 7 9-16c.
for middling uplands.
At the close advices received from
some of the Southern spot markets reported exporters large
buyers at higher prices.
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few of the
grades would be as follows:
Good Ordinary.
<I-1
K5(0
I
»0»o
Speculation in cotton for future delivery has been moderately active, and the undertone has held fairly firm, the tendency of prices for the week being towards a higher basis.
The feature of the situation has been the continued light
crop movement. The comparatively small supplies coming
into sight have had a tendency to make bear operators more
or less nervous over the situation, and advices received from
abroad state that spinners, in some instances, were becoming
somewhat apprehensive over the continued small movement
of the crop.
Mr. Neill, however, has come out with another
circular reiterating his previous large crop estimate, and
those of the local trade who believe in a large crop claim
that the present small receipts are due wholly to planters
holding their cotton back. The South has continued firm at
prices above a parity with those ruling in New York and
Liverpool, and dealers have reported a fair business doing.
During the latter part of the week frost reports from the
South had a strengthening icfluence, as they destroyed the
prospect of the yield being increased materially by a top
crop, which appeared to be forming in sections of the cotton
belr east of the Missifsippi River. To-day the market was
active and higher. Killing frosts were reported in practically all sections of the cotton belt, and this, together with a
small crop movement for the week, started renewed buying
by outsiders, and there also was considerable buying of the
near-by positions to cover short sales for foreign account.
At the advance recent buyers sold to realize profits. The
close was firm at a net gain in values for the day of 6@16
points. Cotton on the spot has been firm and prices ad
mon Tae6
»OM
bOtO
05 01
Sat.
o
^
;
;
,1
»Jvl
MM
@
Cftffll
683,212
UPLANDS.
6
^
>^
P»IB»|B®>-P®wD»tSe*taB*£
w*'; S?'
?»; '?'; ww; '^*'
f
•!
••Hii|*«fiO>.^<*}
?»
:
»1<J
00 M©
170,671
64,472
7>
g
Total.
vrite.
20,612
25,499
B®
B »
*•
I
Total 1898. . 165.953
Total 1897... 112,637
\<K:
g
itoek.
Ooatt-
5,000
1,000
1,500
15,000
of
highest, lowest and closing prices
are shown in the following table.
5
^
B««B»HB(p
«
Leavint
ereat
^
S
ON 8HIPBOABD, NOT OLBABBD FOB—
Nov. 3 at
— fhe
New York
Futures at
We
[Vol. LXIX.
.
Total
,
.
Batnrday |Q't & st'y, i« ad
Monday... Quiet & steady.
Tneeday ...Steady
Wednesday Firm
Thursday.. Firm at ii« adv.
Friday
Qaiet at ^ adv..
. .
TotaL
.
Firm
Firm.
Steady
Steady
Very steady.
520
238
473
56
719
139
361
ioo
993
394
1,200
1,200
1.919
1,339
361
Firm
1,258
1,248
2.500
5,008
B^^ The imports
into Continental ports the past
been 162,000 bales.
The above figures indicate a decrease in
week have
the cotton in
sight to-night of 265,537 bales as compared with the same
date of 1898, a gain of 588,502 bales over the corresponding
date of 1897 and an excess of 82,781 bales over 1896.
November
THE CHRONICLE
1899.]
4,
At the Interior Towns the movement—that is the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1898— is set out in detail below.
—
Quotations for Middling Cotton at Other Markets.
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
Week ending
Xov. 3
.
Mobile
Savannah...
Cbarleston..
Wilmington.
Norfolk
Boston
Baltimore
PUladelphla
.
.
Augusta
Memphis
9
fl>
CO
tOOS"-"
l»^
M
©
8t.
l(k
t-'^i«kWiM-'*k(gc»
OC O:
K) l»
1^ M 35 «cl» -r'tO Cn'M'o'bw MM OO *» 0>Vs 00 wVl
V^T^
M»0C0O5 c©0©eO*'©C*305(rCCMCO-qaD*'M*.0:tOtOCDl(kO;COQDM
''
05
tS
if'
Louis
Houston
ta»OtOO0O5tCMWWrOaD_»tf^
M ©lO*«JC005©OC060»M«IMCOl^QOa.lOOO©CMrf»-OC <l-.0©©(0
OLOSINQ QDOTATIOM8 FOB VaODhTSa OOTTOll
Mon.
Satur.
Galveston.
New Orleans
to
1^
^H7
Cincinnati
.
Louisville
-.
Tues.
7
613i6
7
7
6''e
6^8
613i3
613,6
613j6
6'8
613i8
7»«
7i,6
738
75l6
738
7I8
6-'8
6\
6%
7
71l6
75,6
75i8
758
71l6
7
7
7
7
7I16
678
613,8
e^e
613,6
7i«
71,6
738
75,6
758
6 '8
71-6®^
71a
71,6
738
75iG
2=8
Z'i«
7
7I16
714
7i,a
714
714
7li«
714
714
Wednes.
6li!6
6 3^6
e-^e
6''9
718
7116
738
738
Fri.
7iie
615,6
6l3i6
6^8
616,6
7»8
7i«
7%
7ill8
7i«
77i6
71s
71316
78,6
7
7
7
7
7
7i,e
7I18
714
738
7
71 16
7I4
738
7H
Thurs.
ON—
714
739
.
The closing quotations to-day (Friday)
at other
important
Southern markets were as follows.
Athens
•4
MMIOM
to
CO
05 m'ss
*;^
— CO
CO
W tO^
M^tOtOW;
© CO o m © Vo m bs'^i <i
•
Tf'
to
M
<3iO>
is
MM CO w to C^ M
MOD CO OS to W Olc QC *» b) to to OC W
H-ii)©ac©K*w<iOi^»*».toiy<©co
OMt«oioc^©Maoco>4©co>]- coc;itot0i^ts©o^io^coao©i('0©
00
M
CO
WO^tn -*»- *..-«;
o"
©""Ift »*© ai*t-
'<!
OO-ikOM M to
pDOOMj^*»0;Wao
MtS*-M—
to-"
to
M W;>JjJ: © i^JO — «
o* — -^j© CO © OD a -4 Vi^ToboV mVi *> coTb © m
;
CS tOJ5
oovK J< ©coTow<jifk©cc©~ococoocOMc;-33c>ci««
O<tOM>Q0©©»«a- -qMt0M©M-J00©«3©MCC©Cn>-©i('©»«
ftoofO-^i
,
w
CO
73,8
6T8
Colmnbus.Mlss
Euiaula
6^
Nashville
6%
Natchez
6%
6=8
Raleigh
Little Rock....
7
7
Montgomery... ei&ie Sbreveport
Columbus. Qa. 6%
0%
Weather Reports by Telegraph.—Telegraph advices to
us from the Sooth this evening denote that the temperature
has been lower generally durina: the week, with killing frost
reported in portions of Texas, Mississippi, Tennessee, Arkansas and Alabama. Picking, where not already completed,
has made good progress. Our correspondents at Augusta,
Ga. and Helena, Ark., state that picking is about completed in their sections, and Texas advices indicate that
hopes of a top crop have been abandoned.
Galveston, Texas.— It is stated that, in general, all hopes of
a top crop have now been abandoned. There has been rain
on one daj' during the week, the rainfall reaching fifty four
hundredths of an inch. Average thermometer 55, highest 68
a d lowest 42. Octol)er rainfall one inch and eighty-fonr
Atlanta
Charlotte
6''8
,
M
CO
00
M
(0>'
e
CO CO 1^ 10 CO CO en
if'Coco(o©©M©coooco
a5a*^©>|"4 ©
§S
^—
'a«05M(»'fi©o:'«i'i *MwV<iVio5icM'to'to'bch3V'if>.'' ©Vi© » £
If'
i^
^^ If
CO
t»©tOic — «J©<IM — ie.Ci>©5Cl«ktC©3:«C»CnQD©*>©tO'C<l<J©CO
© c;«^OOif©»JC0C;<M©©o3©©»»q-Jwa,©oa*'Cif»MC0a.MM
M
to
M
M
M
^© i^©*».C;t
M
COMM»JMMMMM>-00 M CC tS W O" CO tO «> 10 -J M
M MOl » MOT 00»<I«C__"«M
— M^<l©W_tO<lCa5Cp'--_- W — M®p
*"•
5
»
c%
1
'
S
i(».
!
en
CO
©
©©©coictOM^tnQD3:toMCOwtocc©toct;>^c;<j;t*.cif>.»Cfcto*
©M05COCO©i«^Vt<k»0© vlk0^(O«©»'^©-g<]©CnO<O;COt0MC0©
1
M
COCKIO
M
CO
1
1
<>_«^*>.
i";
aocjico'
to
yi
"^
-J
1
',
!
to
1
CO
©jf'ftO'Mp
'Vo'mIjcIo©;
tacDji •< 'i-o.
a<to>)t5if'00
The above
M
M
CO
05©_aow_tsc;>
CO a ooacV-'co© •obo
acoo--i©o*c£ o©^oo-^^©
COCOI^CO;^©»jaDO — <J©WO
*«»
CO
5
VVif».Vi<ib>'MC l3toxco*-jVibDbr'©'eo©o»cocneoa wlc'r co*>-p
';
M»atoao«WMy^*.ac
(s<i'-rMtcVj'©vi©Vi©Qo*»
>M0D<iM©a!«<ia cocSh-coQO
towco
toVi'-.-
1^
tOWM© W->ja. aOl©«Q0t0i*^l(kQD
M
ex
i^^-",
"en'a;
T^^:^'oaiV>i9ai w^>f tf^^jit^wcoeoaocnMM
©Vi©co©<iM'c,Tr-*oc'oco Vco'tcbo'co'V.rlo'loo
M
MMM«-
to
to
hundredths.
00
Qq
!•>
§
SS"
«5!l
?!•«• §
-J
jj
•
M
00
©
oo
©o; e«©o^t»oi©^<jeoif C5C wo5©aoaDie.Qc©
©©• ©^ao©-viif'i->Oif'aois:i(^aoxe;itocooco©aD
snow that the interior stocks have inweek 35,285 bales, and are to-night 72,600
same period last year. The receipts at all
towns have been 131,145 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 nigbt.
The results for the week ending
Nov. 3 and since Sept. 1 in the last two years are as follows.
totals
creased during the
bales more than at
1899.
November
3.
Week.
1898.
Since
Sept.
1.
Week.
SiTiM
Sept.
1.
Shipped—
V
a 8t. LoalB......
..., .... .....
VlaHairo
Via Paduoah
VlaKooa
ii.2 Tfin
5.619
7,500
5,362
178.120 32,671
63,355 10<0P
3136
861
2.b79
2.123
64.063
5,327
31,011
4,017
4 065
27,981
68,024
369.789 59,629
278 503
7.424
1,403
4,301
37,439 22,908
786
Island
VlaLoaiavUle....
Via Clnolnnatl
Via other routes, dko
34,197
13,073
1,487
.......
Total gross overland
Deduct iMpmenti—
Overland to N. Y., Boston, Ao.
Between Interior towns
Inland. &o.. from Soatb. ........
Total to be deducted.... .....
60,e95
3,642
15 205
19 271
17,598
19,532
9,t>47
595
24,777
1,101
68,328
2,458
8,222
13.128 ~71.863 24,604
79,008
Leaving total net overland*.. 54896 297,926 35,025 199,495
* Including movement by rail to Canada,
The foregoing shows that the week's net overland movement
this year has been 54,896 bales, against 35,025 bales for the
week in 1898, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 9S,431 bales.
—
—
—
—
—
inch.
Average thermometer
Shreveport,
1899.
In Bight and Spinners'
Takings.
Week.
1898.
Since
Sept.
1.
Week.
Since
Sept.
1.
234,990 2,025,787 4=6 181 2.725.863
54,896 297.926 35 025 199.495
29,000 259,000 26.000 244,000
Receipts at ports to Nov. 3
Net overland to Nov. 3
—
Brenham, Texas. There has been rain on one day of the
week, to the extent of fifteen hundredths of an inch. The
thermometer has averaged 58, the highest being 71 and the
October rainfall two inches and seventeen
lowest 44.
hundredths.
Columbia, Texas. It has rained on one day of the week,
the precipitation being ninety-eight hundredths of an inch.
The thermometer has averaged 59, ranging from 41 to 76.
October rainfall seven inches and ninety-five hundredths.
Corpus Cliriati, Tea^os.— Rain has fallen on one day of the
week, to the extent of fifty-tix hundredths of an inch. The
thermometer has ranged from 42 to 72, averaging 57. October rainfall seven inches and eighty-eight hundredths.
Cuero, Texas. We have had rain on one day during the
week, the rainfall being twenty hundredths of an inch.
Average thermometer 56, highest 70, lowest 41. Octobjr
rainfall two inches and thirty -five hundredths.
Huntsmlle, Texas. There has been rain on one day of the
past week, the rainfall reaching sixty-five hundredths of an
inch. Average thermometer 57, highest 72, lowest 41. October
rainfall three inches and thirty-five hundredths.
Luting, Texa^.— It has been dry all the week. The thermometer has averaged .^9, ranging from 42 to 75. October
rainfall one inch and fifty-six hundredths.
Palestine, Texas.- Freezing weather with killing frost this
morning. Rain has fallen on one day of the week, the rainThe thermometer
fall being forty hundredths of an inch.
has ranged from 30 to 70, averaging 50. October rainfall
seven inches and sixteen hundredths.
San Antonio, Texas. Heavy frost this morning. We have
had rain on one day during the week, the precipitation being
one hundredth of an inch. Average thermometer 52, highest
October rainfall one inch and twenty-nine
74, lowest 34.
hundredths.
Weatherford, Texas.—There has been no rain during the
week. The thermometer has averaged 55, the higbest being
68 and the lowest 42. October rainfall two inches and eightyfive hundredths.
Paris, r^aras.— Killing frost has occurred here this week.
New Orleans, Louisiana. There has been rain on one day
the past week, the rainfall reaching ten hundredths of an
Louisiana.
65.
first frost
—The
of the season oc-
curred on October 30th, There has been rain on two days
an
e f the week, to the extent of forty-seven hundredths of
inch. The thermometer has averaged 57, the highest being
71
and the lowest
40.
Columbus, Mississippi, — He&vy frost occurred this morning.
There has been rain on one day during the week, to
Soutliem consumption to Nov. 3..
the extent of ninety-four hundredths of an inch. The therTotal marketed
318886 2,582,713 517.206 3.169.358 mometer has averaged 72, ranging from 38 to 80. August
Interior stocks in excess..
35,285 402,942 42.241
469,406 rainfall
two inches and twenty two hundredths.
Came Into sight during week. 354,171
Vicksburg, Mississippi. Heavy frost last night. It has
559,447
Total In sight Nov. 3
2,985,655
3,63 3,764 rained on four days of the week, to the extent of sixty-one
Nortb'n spinners tak'gs to Nov 3. 95,722 499.770 93,834 397,468 hundredths of an inch. The thermometer has ranged from
33 to 80, averaging 55.
In 1897 the week's movement into sight was 470,208 bales;
Little Rock, Arkansas.— KWWvg frost with ice this mornin 1896 reached 376,120 bales: in 1895 was 313,105 bales, and ing. Top
crop destroyed. It has been dry all the week. The
in 1894 was 544.7f^4 bales. The totals since Sept, 1 in the same the'-mometer has averaged 48, ranging from 26 to 70.
years were 3,33S,981 bales in 1897; 3,4 23.867 bales in 1896;
Helena, Arkansas.— Maxij report that the crop is about all
2,619,123 bales in 1895, and 3,479,608 bales in 1894.
There has been
Temperature this morning 30.
picked.
.
—
THE CHRONICLK
968
light rain on two days of the week, the precipitation reaching forty-six hundredths of an inch. The tuermometer has
ranged from 30 to 81, averaging 54'2.
Memphis, Tennessee.— Killing frost occurred this morning.
The weather has been favorable for picking, which progresses
have had rain on two days during the week,
rapidly.
the precipitation being fifty-three hundredths of an inch.
Average thermometer 56 6, highest 78-7, lowest 39'9. October rainfall one inch and seventy eight hundredths.
Nashville, Tennessee. Very little cotton is being offered at
present prices. There has been rain during the week, the
precipitation reaching sixty-six hundredths of an inch. The
thermometer has averaged 58, the highest being 77 and the
We
—
lowest
Alexandria Receipts and Shipments op Cotton.—
Through arrangements we made with Messrs. Davis, Benachi
& Co. of Liverpool and Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria, Egypt. The
following are the receipts and shipments for the past week
and for the corresponding week of the previous two years.
,
Alexandria, Eaypt,
1899.
November 1
Receipts (cantars*)...
This week
Since Sept. 1
We
—
seventy-seven hundredths,
Selma, Alabama. Killing frost occurred in this section
We have had rain on one day of the week, the
last night.
rainfall reaching seventy three hundredths of an inch.
Average thermometer 64, highest 93, lowest SO.
Madison, Florida. There has been no rain during the
week. The thermometer has averaged 66, the highest being
81 and the lowest 51.
Savannah, Geirg a.— Rain has fallen on three days of the
week, to the extent of two inches and foar hundredths. The
thermometer has averaged 66, ranging from 52 to 83. October rainfall three inches and sixty-three hundredths.
Augusta, Geo' gia .—Pic^mg is nearing completion and the
The week's
outturn is generally below early estimates.
rainfall has been one inch and forfy hundredths, on three
days. The thermometer has ranged from 45 to 79, averaging
—
—
63.
— Cotton picking
1898.
350,000
1,646,000
This
week.
37.
Mobile, Alabama.— Kiliins frost occurred in the interior
have had rain on two days of the past
this morning.
week, the rainfall being sixty-seven hundredths of an inch.
The thermometer has averaged 58, ranging from 36 to 78.
October rainfall one inch and thirty-one hundredths.
Montgomery, Alabama, Light frost last night. Rain has
fallen on two <iays of the wetk, to the extent of one inch and
The thermometer has ranged from
sixty -four hundredths.
47 to 82, averaging 64, October rainfall three inches and
LXIX,
[Vol.
1
Since
320,000
310 000
1,229,000
1,419.000
This
week.
Sept. 1.
1897.
This
week.
Since
Sept. 1.
Since
Sept. 1.
Exports (bales)-
To Liverpool
To Contlnentt
12,000
10,000
5^,000 1'>.000
46 000 10 000
62,000 15,000
54,000 8 000
55,000
51,000
Total Europe
22 000 116 000 23,000 98,000 20 000 106.000
pounds.
t Of wbiob to America In 1899, 3,694 bales; In 1898, 3,472 bales;
In 1897. 6,074 bales.
This statement shows that the receipts for the week
ending Nov. 1 were 850,000 cantars and the shipments to
all Europe 22,000 bales.
'
A cautar Is 98
Market. — Our renorc received by cable
vIanobester
to-night from Manchester states tbat the market is quiet
for yarns and firm for shirtings.
Spinners are considered
to be well under contract. We give tnt prices for to-day
below find leave those for previous weeks ot this and last
year for comparison.
1899.
1898.
8I4 lbs. Shirt- Oott'n
8^4 lbs. Shirt- Cott'n
32« Cop. ings,
Twist.
d.
32s Oop. ings, common Mid.
Twist.
Uplds
to finest.
Uplds
common Mid.
to fittest.
d.
8p. 29
Oct. 6 -7 „g>738
" 13 67,6'>738
" 20 6' e®738
" '27 67,t«738
Nov. 3 67,6-^738
8.
d.
4
8
9
9
4 9
4 9
4 9
4
4
8.
-a?
-a?
-a?
®7
d.
d.
41s
32732
331
6
6
6
6
d.
2
d.
8.
d.
8.
'So
'96
4
59, <, a>6i h
^78
59je ®65,
33.32 ^9 e at 38
331 32 r>9,6 ®«)36
9 , •a<i38
41.2
4
4
®6
'96
4
d.
6
6
6
d.
3^
316
3332
6
6I2
-a?
3i,e
'98
4
about completed.
-a?
4
0^n>
7
Prices are firmly held. Rain has fallen on two days of the
Trade of India— American Cotton Crop— Manchester
week to the extent of one inch and twenty hundredths. Average thermometer 52, highest 66, lowest 36.
Market for Cotton Goods, &c.— In our editorial columns
Charleston, douth Carolina— We have had rain on two
to-day will be found an article under the above caption by
days during the week, to the extent of one inch and ninety
our
special Manchester correspondent.
and
lowAverage
thermometer
highest
81
hundredths.
66,
est 53.
October rainfall three inches and forty-eight hunSea Island Cotton Movement.— We have received this
dredths.
(Friday) evening by telegraph from the various ports the
Stateburg, South Carolina. Rain occurred on Monday details of the Sea Island cotton movement for the week. The
No cotton receipts for the week ending to night (Nov. 3) and since
and Tuesday, accompanied by high winds.
caught open "in the fields, as picking had finished. The pre- Sept. 1, 1899. the stocks to-night, and the same items for the
cipitation reached three inches and seventy-one hundredths. corresponding periods of 1898, are as follows.
The thermometer has averaged 63, the highest baing 80 and
1899.
Stock.
1B98.
the lowest 40. October rainfall seven inches and thirtyReceipts to Nov. 3
seven hundredths.
This
Since
Since
This
Greenwood, South Carolina. The week's rainfall has been
week. Sept. 1. week. Sept. 1. 1899. 1898.
seventy two hundredths of an inch. The thermometer has
..... 3,927
26.050 4,180 16,267 11,468115,269
averaged 59, ranging trom 49 to 69. October rainfall five Savannah
33fi
Charleston, &o
2,097! 2,062
474
1,30
2.118
inches and live hundredths.
930
Florida, <feo
75
36
36
...
289
2.326
The following statement we have also received by telegraph,
Total
4,690 30.494 4,552 17612 13.«40l 18.261
showing the height of the rivers at the points named at
Columbus, Georgia.
is
—
—
3 o'clock
November
2,
and November
1899.
Nov.
New Orleans
KashvUle
Bhreveport
ViokBburg
2, '99.
Nov.
3, '98.
Feet.
Feet.
3
4-4
10'8
4-5
0-7
13-3
Above zero ot gauge
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Memphis
3, 1898.
0-5
0-8
0-7
1-2
The exports for the week ending this evening reach a total
of 4,810 bales, of which 4,2'^0 bales were to Great Britain, 530
to Bremen, and the amount forwarded to
to France and
Northern mills has been 1,203 bales. Below are the exports
for the week and since September 1 in 1899 and 1898.
—
Week Ending Nov.
Movement from all Ports. —The receipts
Bombay and the shipments from all India ports
from—
India (Jotton
of cotton at
for the week ending Nov. 3, and for the season
to Nov. 2 for three years have been as follows:
fiom Sept.
1
Since
Week.
Savannah...
4,126
Charl't'n,&o
Florida, &c.
154
Bombay
Sept. 1.
15,000
66.000
Sept. 1.
38,000
8,000
For the Week.
Total
Sept. 1.
25,000
4,000
Since September
Great
Oontinent.
Total.
Great
Britain.
Continent.
i'obo
r.b'o'o
1898
1897
i',oo'6
1.
530 4,656 6,167
154
196
Fr'nce
<£c.
Since
Week. Stpt.1.
Total.
8,112
1,945
196
408
411
914
6,155
"289
2",326
1,203
8,481
4,280
530
4,810
t,367
2,353
8,720
1,0141
790| 1,S04
2,399
1,541
3,940) 1,031 _2,755
fine,
Charleston, Caroliuas,
i'.obo
i'ooo
i'.obo
1899
1898
1897
Texas Weekly Crop Bulletin —The
ized as follows:
2,000
2,000
3,000
2,000
2,000
3,000
2,000
4.6bb
5,000
9.000
20,000
13,000
2,000
4,O00
s.oon
2,000
5.000
S.noo
1,0
5.000
7,000
9,000
24.0
18,000
1
13.000
ono
weekly crop
1,000
10,000
5,000
i",oo6
7
last
1,000
9,000
6,000
10
i',6o6
s'obo
fully
6,000
24
aUi',000
fine, 20c.;
bulletin for the State of Texas for the present season was
issued on Oct. 24, and the reports as to cotton were summarvirtually completed only a small part of the crop
Many sections report picking completed. The
yield of the cotton crop is light except in a few scatterf-d localities.
The weather has, as a whole, b<en exceptionally favorable for cottonpicking since the first opening of bolls.
Cotton picking
remains In the
56 000
2 0"0
»
13,000
64,000
3«O(»0
is
;
flelds.
New England
All others—
1899
1898
1897
fine, 18c.;
2,000
25 0(0
6,000
1,000
3,000
5,000
2",6b6
medium
fine, 23 to 36c.
Madras—
..
Oreat
Total. Brit'n.
Quotations Nov. 3 at Savannah, for Georgias, extra
Total.
2,000
Calonttft—
1899....
1899
1898
1897.
...
Total 1898..
Bombay—
Total
North'n Mills
1899.
12}4c,. choice, i23^c.; fancy, 135^c.
Britain.
1899
1898
1897
1,
&c
Since
Week.
Exports
from—
<tc.
York..
Boston
1897.
Since
Week.
Oreat Fr'tice
Brit'n.
Bait.,
Receipts at-
Since Sept.
New
1898.
1899.
3.
Exports
Mills Situation.—The Cotton Manufac-
turers' Association of Fall River will hold a meeting to-day
to receive the report from the committee appointed to meet
the representatives of the operatives for the purpose of dissuggestion,
usaing the request for an increase in wages.
it is expected, will be made to defer the question of wages
until January.
(
A
November
4,
THE CHRONICLE.
1899.]
Cotton Consumption and Overland Movement to Nov.
—In coDseqaeoce of the crowded
l.
condition of our columns
this week we omit giving the usual extensive details of the
overland movement. Below, however, we present a synopsis
for the month of October and the two months ended Oot. 31,
for three year?.
1898.
1897.
199,466
243,633
150,803
184,92?
1,735,660
2,433.444
1,130,301
1,421.569
1,023,373
344,307
230,O0C
223,543
266,867
183,747
217,845
1,424,907
2,211,609
1,028,634
1,321,090
735,153
435,618
186,000
1899.
Gross overland for October
bales
Gross overland for 2 months
Net overland for October
Net overland for 2 montlis
Port receipts In October
Port receipts In 2 months
Exports in October
Exports in 2 months
Port stocks on October 31
Northern spinners' takings to Nov. 1
Soathern spinners' takings to Nov. 1
Overland to Canada for 2 months (included In net overland)
Burnt North and South in 2 months
Stock at North'n interior markets Nov. 1
Game in sight during October
mount of crop in sight Nov. 1..
.,
Came in sight balance season
Total crop...
Average weight of bales
266,742
346,393
222,924
280,736
1,131,065
1,931,931
780,923
1,242,338
877.124
458.297
245,000
14,167
8,794
14,309
642
648
13,461
14.309
10,468
5,977
1.723.987 2,298,606 1,871,654
2,853,667 3,281,372 2,941.454
7,954,011 8.239,506
11235383 11180960
518-74
510-47
509-66
Ellison's Annual Cotton Review for the Season op
1898-99.
In our editorial columns will be found an article in
which we give the figures from Mr. Ellison's annual review
of the European cotton trade for the season of 1898-99, as
received by us to-day by cable.
Egyptian Crop.— Mail advices to Mr. Fr. Jac. Andres, of
Boston, dated Alexandria, Oct. 14, are to the eff :ct that
—
Bears fear rapidly decreasing Nile
damaged
From
flood;
unfavorable weather has
third picking.
&
Messrs. J. Planta
Co.'s circular, dated Alexandria,
we bave the following:
"Besides some complaint from Mausaurah districts, where fogs appear to have done more or less damage to second and third pickings,
reports continue to be favorable. The level of the Nile in the Seunaar
has been further decreasing, a circumHtanoe which cannot fail to oroduce a certain uneasiness. The irrigation department is making
strenuous eflortP to prevent as much as possible the eventuality of
damage from a shorD supply of watt-r; however, the success of their
endeavors will much depend on the more or less precocious rise of the
Nile next summer."
Oct. 13,
Exports of Yarn from India to China and Japan.—
give below a statement of the shipments of yarn from
India to China and Japan during the first six months of the
We
calendar years 1873 to 1899, inclusive:
Jan. 1 to
To China (bales
June 30—
400 lbs. each).
1878
22,528
1879
23,338
1880
34,660
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
27.878
38,361
44.329
60,201
72,880
99,723
100.797
120,ti44
125.685
149,973
193,28 7
185,452
178.574
176,213
170,460
220,372
142,965
194,896
278.798
xpan
(bales
Ibi. each.)
Total
bales.
519
23,047
26,156
37,129
31,241
43,028
53,697
66,808
81,646
106,621
116.400
146,715
153,787
161,619
198,629
201,322
184,908
184,123
171,7-8
222,066
144,365
195,371
279,032
2,»18
2,469
3,363
4,667
9,368
6,607
8.76S
6,898
15,603
26,071
28,102
11,646
5,342
15,870
6,334
7,910
1,298
1,694
1,400
475
234
Agricultural Department's Monthly Climate and
Crop Bulletin for October.— The monthly bulletin issued
by the Department of Agriculture on November 1 covers the
month of October and refers to cotton as follows:
North Carolina.— Autumn has been unusually favorable;for agri-
969
Prices are nominally unchanged at
paper quality and IfgC. for mixing to arrive. From
Messrs. Ira A. Kip & Co.'s circular we learn that the deliveries of jute butts and rejections at New York and Boston
during October were nil, asainst 13,660 for the same month
last year, and for the ten months the deliveries reached
252.363 bales, against 369,419 bales in 1898. The aggregate
stock in the hands of importers and speculators at New York
and Boston on October 31 was ml against nil at the corresponding date in 1898, and the amount afloat for the United
Scales reaches 29,000 bales against 20,440 bales last year.
Shipping News. As shown on a previous page, the
dxports of cotton from the United States the past week have
reached 165,857 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
have also been inactive.
l"05c. for
—
Tolal bale*.
New York-To Liverpool, per steamer
Taurlc, 244
244
To Hull, per steamer Ohio, 1,250
La Touraine,
To Havre, per steamers La Bretagne. 100
639.... Liv. 123
To Dunkirk, per steamer Liv, 454
To Hamburg, per steamer Pretoria. 75
NoordTo Antwerp, per steamers British Empire, 114
land, 268
Spartan Prince, 100
To Genoa, per steamers Aller, 112
1,250
802
454
75
382
214
500
441
Victoria, 2
To Naples, per steamer Aller. 500
To Trieste, per steamer Betty. 441
New Orleans— To Liverpool- Oct. 21— Steamer Workman,
'..
9,510
9,510
To Havre— Oct. 30— Steamer Arabian Prince,
3— Steamer
3,434... Nov.
8,834
4,320
Benrath, 5,400
To Bremen Nov. 3— Steamer Knight Bachelor, 4,320
Oct. 30—
To Hamburg Oct. 28— Steamer Galicia, 395
Steamer Sardinia, 400
Oct. 31— Steamer Tuskar, 700..
Nov. 3— Steamer Knight Bachelor, 680
To Antwerp- Oct. 28— steamer Africa, 100
To Copenhagen— Oct. 27— Steamer Rokeby. 700
To Barcelona- Nov. 2— Steamer Martin Saenz, 6,375
To Genoa Oct. 31—Steamer Vincenzo Florio, 5,1/00
Galveston—To Liverpool -Oct. 26— Steamer Ida. 7,045
Oct. 27— Steamer Aston Hall, 5.074.... Oct. 28 -Steamer
Consols, 3,519
6,592
Oct.
31— Steamers
Basil, 6,617;
2,175
100
700
6,375
5,000
Cuban,
23.847
4,168
8,934
To Manchester— Oct. 31— Steamer Holywell, 4,168
To Havre— Oct. 31 -Steamer Comeric, 8,934
To Hamburg— Oct. :i8— Steamers Dalmatia, 1,055; El Saltd,
1,755
2,810
7.
To Rotterdam - Oct. 3 1— Steamer Willow Branch. 200
To Japan— Oct. 31— Steamer Yanariva, 7,583
Texas City. &c.— To Mexico, per railroad, 487
Mobile—To Liverpool— Oct. 27— Steamer Saltordia, 7,644
Pensacola- To Havre— Nov. 1—Steamer Cape Colonna, 1,800
Savannah— To Manchester— Nov. 1— Steamer HlUtarn, 5,201
upland and 4,126 Sea Island
To Havre Oct. 30 -Steamer Barry, 6,101 upland and 530
Sea Island
To Bremen— Oct. 30 -Steamer Europa, 5,550
Nov.
200
7.583
487
7,644
1,800
9,327
6,€31
1—
Steamer Craif earn, 4,90
10,450
To Rotterdam— Nov. 1— Steamer Craigearn, 600
To Golhenbarg— Oct. 2"— Steamer Aros, 2,400.
Charleston—To Liverpool— Oct. 28— Steamer Ramleh, 6,836
upland and 154 Sea Island
To Bremen- Oct. 27—Steamer Juco, 7,067
To Hamburg— Oct. 28— Steamer Therese Heymann, 3,250.
Wflminoton- To Bremen-Oct. 31— Steamer Aiflaby, 9,546...
BOSTON-To Liverpool— Oct. 27— Steamer Syl»anla, 2,104
To Yarmouth— Oct. 30— Steamer Boston, 4i0
Baltimore—To Liverpool— Oct. 25 -Steamer Vedauiore, 1,153
To Hamburg— Oct. 3 1—Steamer Bethania, 700
San Francisco -To Japan—Nov 1— Steamer Hong Kong Maru,
600
2,400
6,990
7,067
3,250
9,546
2,104
410
1,153
700
1,320
1,320
Total.
165,857
The particulars of the foregoing shipments, arranged
In
our usual form, are as follows.
Sreat French
Oer- ^Olh.B'rope—s Mexico,
many. North. South,
New York. 1,494 1,316
7.5
382 1,155
N. Orleans,
9 510 8,834 6,495
800 11,375
vialveston. 33,015 8,934 2,810
200
Tex.C.&o. '««**« *a*«*a «s«sA« ^•b •*«
7 644
Mobile
Brit'n.
Pensacola.
Savannah..
Charleston
Wilmlngt'n
9.327
6.990
Boston
^ f *.\J'X
Baltimore.
1,153
»**«•
ports,
1,800
6.631 10,450
10.317
«
««*<•
<ic.
Total.
7,583
4,422
37,014
52,542
1,320
7,644
1,800
29,408
17.307
9,546
2,514
1.853
1,320
487
487
3,000
V f l^?X\^
«»*••
•«*««
as««*>
aaa«a«
••••««
410
700
Sanjj'ran..
71,237 27,515 40,393
Xotal....
Japan
897
4,382 12,530
8,903 165,857
To Japan since Sept. 1 shipments have been 100 bales
cultural interests; frost early in October did very little damage; nme- from
New York, 7,583 bales from Galveston and 6,880 bales
tenths of cotton picked; top crop very short.
South Carolina.— Month free from damaging storm s and killing from Pacific Coast. To Cuina, 2,458 bales from New York.
frost; cotton picking praciically finished, exceptionally early; only
Cotton freights at New York the past week have been
top crop remains; cotton samples uniformly high grade.
GEORGIA.— Favorable weather throughout month; cotton picking
progressed rapidly and is now nearly completed, with yield much
below normal, but of good quality; very little top crop absence of
frost enabled much late cotton to mature.
Florida.-Weather generally favorable for harvesting; corn and
cotton being gathered in excellent condition.
Alabama.— Favorable weather for late cotton and corn, though
cotton practically all gathered; yield below average.
Mississippi.- Continued absence of rain favored gathering of cot>"
ton;
three-fourths cotton crop picked, fields nearly clean in localities.
yield unsatisfactory but quality excellent.
Louisiana. -Weather was most favorable for harvesting matured
crops four-fifths of cotton housed.
Texas.—Weather first and second decades of October favorable fcr
gathering crops; cotton picking about completed yield light.
Arkansas.— Continued dry weather, favorable forgathering crops;
cotton picking and ginning have been vigorously pushed, greater
portion of crop gathered in excellent condition.
Tennessee.— Mouth favorable for farm work; gathering of cottcn
progressing favorably and most of it is ready for market.
Missouri.- Cotton three-fourths gathered.
as follows.
Satur.
;
•
;
;
Jute Butts, Bagging, &c.— The demand for bagging during the past week has been very dull, but prices have been
maintained. The clo«e this evening is at ^%@^%(i. for \%
lbs, and 5^@6igo. for 3 lbs., standard grades.
Jute butts
Liverpool
Havre, Nov
-
Bremen, Nov
d
c.
c,
Haimbnrg, Nov..c,
Amsterdam
c,
Botterdam
c,
Reval, V. Hamb..e.
Do
Do
V.
Hnll...e
V.
Copen..c.
9enoa
c.
Trieste, direct... c.
Antwerp
d.
Hon.
Tue:
^
l8
35*
35*
35*
35*
35*
35*
35
30
35
30
35
30
321a
321a
321a
321a
321a
321^
35
30
30
35
30
30
35
30
30
321a
3Z^
321a
45
45
45
40
40
45
45
45
40
40
45
45
45
40
40
45
45
45
40
45
45
45
45
40
45
45
45
45
40
45
l8
le
^
i«
i«
l8
l8
i«
B32
Ghent.v.Antw'p.d.
904
»«4
964
3S9
Quotations are cents per 100 lbs. or fractions of a penny per
* And 5 per cent.
—
rn.
Wednet. Thurt.
l8
!«
»32
lb.
LiVBRPOOL. By cable from Liverpool we have the follow.
fn^ statement of the week's sales, stocks &o., at that port I
THE CHRONICLE
970
Oct. 13.
Sales of the
week
62,000
3,200
2,100
56,000
5,000
51,000
723,000
666.000
63,000
55,000
186.000
184,000
bales.
Of which exporters took...
Ol which speculators took.
Sales American
Actual export
Forwarded
Total stock— Estimated
Of which Amerlcan-Est'd.
Total Import of the week
Of which American
Amount afloat
Of which American
Oct. 20.
Oct.
27
62,00C
3,000
2,000
64,000
4,60P
f-00
59,000
5,000
72,00C
703,000
6i 4,000
57,000
48,000
224,000
222,000
58,00(.
5,000
78,000
751,000
689,000
131,000
117,000
172,0OC
172,000
Nov.
3.
61,000
4,000
1,000
56,000
5,000
74,000
733.000
6e. 8,000
61,000
51,000
199.000
199,000
The tone of the Liverpool market for spots and futuxf b
each day of the week ending No-^. 3 and the daily olos ng
prices of spot cotton, have been as follows.
Spot.
JSat'day.
Market,
Monday. Tuesday. Wed'day. Thursd'y Friday.
Fair
)
business
Quiet.
1:45 P. M.^
In buyers'
4
Mid. Upl'ds.
Bales
Spec.&exp.
4I32
41.^2
8,000
10 000
500
1,000
Firm.
Easier.
favor.
doing.
4
Harden'g.
4I32
4
10,000
1,000
12.000
1,000
12 000
10,000
1,000
500
Quiet at
Quiet at
1-64 advance.
Steady.
Quiet but
Very
steady.
steady
Futures.
Market,
?
1:45 p. M.J
Market,
4
p.
H.
1-H4 ad-
2-64 ad-
vance.
vance.
Quiet at
1-64 advance.
partially
1-64 adv.
Quiet.
Quiet.
Quiet.
Steady.
Steady
l
at
steady
at
1
Tnes.
raon.
\¥ed.
Tlinrs.
FrJ.
Oct 28 to
Nov.
1219 1 145 4 1:45 4 1:45 4 1:45 4 1:45 4
P.M. P.M. P M t M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
3.
October
Oot.-Nov
Nov. -Deo.
Deo. -Jan
.
..
3
3
3
3
Jan.-Feb.... 353
Feb. Moh. .. 8 52
Moh.-Aprll.. 3 .'2
April- May .. 3 52
3
,'-4
d
d
d
d.
57 3 58 3 61
56 3 57 3 59
55 3.'='6 3 59
55 3 55 3 58
d
3 55 3 53 3
5 3 53 3
3 55 3 53 3
3 55 3 53 3
May-June.
June- July.. 3 52 53 3 55 3.'^4 3 54 3 53 3
3 S2 3 53 3 55 3 54 3 54 3 f^Z 3
July-Ang.
Aug.-sppt... 3 50 3 51 3 .=^3 3ft2 ^ h2 .^50 3
3 53 3 56
3 53 3 56
3 53 3.^5
3 52 3.^3 3 55
.
d.
d.
d.
3 59 3 59 3 60
3 5M 3 58 3 56 3 58 3 58 3 58
3 58 3i=)7 3 55 3 57 3 57 3 58
3 ^7 3 56 3 55 3 54 3 56 3 57
3 57 3 5fs 3 56 3 54 3 55 3 55 3 .'^6
55
55
3 55
3 54
3
3
3
d.
Indian com futures have been quiet in both the local and
Western markets and prices have gradually weakened. The
shipping demand has continued comparatively quiet and
foreign advices have been quiet and easier. This, together
with sympathy with the weakness in wheat and increased
pressure to
sell
on the part of speculative holders to reabze
had a depressing
inflaence, and prices steadily
of the crop, however, was not
up to expectations, and this held the demtnd in cneck to the
same extent. Business in the spot market has been only
moderately active, although during the latter part of the
week thf) lower prices ruling and the cheaper ocean freight
rates stimulated the demand somewhat. To-day the market
was quiet but steady. The spot market was unchanged and
quiet. Sales for export were 6 ',000 bushels.
DAILY CLOSrSO PRICES OF NO. 2 MIXED CORN IN
8ai.
Mon, Tues.
FrU
Wed. Thnrs.
Cash corn, f. o. b
4138
40 1«
4079
40
41
40
Oeo. delivery in elev
38is
397g
3938
39ifl
3938
38>«
May delivery in elev
38%
3818
SHifi
34^
38^
381s
DAILY CLOSING PRICES OF NO 2 MIXED CORN IN CHICAGO.
Fri,
Sat.
Mon. Tues.
Wed. Thnrs.
Dec. delivery in elev.... 31%
3II3
3138
3118
30%
SO'^s
Jan. delivery in elev
3078
3038
3083
May delivery in elev
3214
3278
3238
3278
3278
3213
profits,
weakened.
The movement
NEW TORK.
Oats for future delivery in the Western market have beef
and reflecting the weakness in values for other grains
there has been a slight decline in prices. The
-vement on
the crop has been only very moderate, and in the interior
markets there has been a fairly good cash trade. The local
spot market has been quiet, exporters being oat of the market, but values have held fairly steady.
To-day the market
for both futures and on the spot was quiet but steady.
DAILY CLOSING PRICES OF OATS IN NEW^ YORK.
quiet,
m
The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low Middlirg
clause, unless otherwise stated.
Sat.
LXIX.
[Vol.
d.
d.
3 58 3 60 <61
57 3 59 3
57 3."8 3 5h
3 56 3 57 3 58
3 ."^5 3 ^7 3 68
3 55 3 57 3 58
3 .''5 3 57 3f.7
3 5^ 3 56 3 57
3 54 3 .-=6 3 57
3
3
55 3 55 3 55
55 3 54 3 56
55 3 54 3 55
54 3.'<4 3 55
54 3 54 3p5
54 3 54 3 55 3 .'4 3 5' 3 f-7
52 3 52 3 53 3 53 3 54 3 55
BREADSTUFFS.
Friday. Nov. 3, 1899.
Early in the week the market for wheat flour held fairly
steady, particularly for the low grades, which were in comparatively lifiht supply. Subsequently, however, following
the weaker turn to the market for the grain, there developed
an easier tone, prices ruling in favor of buyers. The volume
of business transacted was only very moderate, as exporters
did comparatively little and the demand from the local trade
was ot a hand-to-mouth character. Rye flour has had a moderate sale at steady pricts. Buckwheat flour has been quiet,
and prices have been only barely maintained. Corn meal
has been quiet, and despite an easier market for the grain
values have held fairly steady.
Speculation in wheat for future delivery has been on a
limited scale only and the tendency of prices has been towards
a lower basis. Early in the week there was a dull market
and under the indifference shown by exporters ard bearish
news fjom Argentine, prices weakened slightly. Tuesday, on
the receipt of the news of the British reverses in the Trans
vaal, there developed a better tone, and on limited buying,
principally from shorts to cover contracts, the Joss was re
Wednesday, however, the market aeain turned
covered.
weaker, prices for the day showing a loss off^(SJ^G. Cable
advices were weaker, weather conditions at the West
were favorable, predictions were for a larger movement
of the crop in the Northwest and speculative interest in
Oatsiderd did practically
the market continued small.
nothing, and the regular traders were disposed to take the
bear side of the maiket. Thursday the market was again
weaker, prices declining }4.@^zG. Tired holders sold to liquidate their accounts and there was an absence of buyers aside
from shorts, who were disposed to cover their contracts and
takeprofiis. The continued absence of an export demand,
indifferent foreign advices and favorable weather conditions
in the Wtst had an unfavorable influence. Business in the
spot market has been quiet, as the demand from exporters
has been limited and prices have declined. Today there
was a 6t» ady market early on smaller Argentine sLipments
and better foreign advices than expected. Toward the close,
howtver, under liquidation by longs, prices weakened, closing lower for 'the day. The spot market was quiet and
easier.
Sales for export here and at outports were 56,000
bushels.
DAILY CL08IN0 PBICES OF NO 2 BED WINTER IN NEAV YORK.
Fri.
Mon.
Tuts.
T7cd.
Thurs.
8at.
74 1^
7518
74
7538
76
75^
Cash wheat f. o. b
74''8
73 14
7514
7438
73^
75
Deo. dellver.v in elev
76^
Moh. delivery iu elev
7^l8
78I3
77 18
7838
7758
78^
May delivery in eiev
DAILY CLOSINO PRICKS OF NO. 2 SPRENQ IN CHICAGO.
FH.
Thars.
Mon.
Tues.
ITed.
Sat.
681*
7.'38
6914
6«''8
eg^g
Dec. delivery in elev.... 70
72^4
7313
74^8
73 »4
72'8
May delivery In elev.... 73»2
No. 2 mixed In elev
No. 2 white in elev
Sat.
Mon.
Tues.
2iifl
28'^8
Wed.
29
Th-trs.
2x13
3II4
31i2
311^
31iji
3II3
29
Fri.
29
31
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Fri.
Wed. Thurs.
Sat.
Mon. Tues.
Deo. delivery in elev
May delivery in elev
2279
2414
22%
2279
2414
227a
24 14
22I3
2238
237g
2378
24
Rye bas sold slowly and prices have been largely nominxl.
Barley has been quiet but values have held steady. Buckwheat has held steady with a limited demand.
Following are the closing quotations:
FLOUR.
Fine
Patent, winter.... $3 60 ®4 15
$1 80 '3)2 35
Superfine
4 50 ®4 75
2 00 ®2 55
City mills, patent
Extra, No 2
2 20 ®2 70
Ryeflour,8uperline 3 40 ®3 7a
Extra, No. 1
2 50 @2 85
Buckwheat flour.. 2 40 -©2 50
Clears
2 85 ® 30
Corn meal—
Straights
Western, etc
2 20 ®2 25
3 25 ®3 55
Patfnt, spring
2 25 ©2 30
3 75 @4 40
Brandy wine
(Wheat flour in sacks sells at prices below those for barrels.)
1
.
<
Wheat, per bush.—
H^rd
0.
0.
GRAIN.
Corn, per bush.
77ia®79i4
76 ©77%
Duliith, No.l
N'th'i.Duluih,No.l
Red winter. No. 2.
H'd Manitoba No 1
Oats— Mix'd, p. bush.
7-^i4@7478
77V,®79
27i2®30
Rye, per bush—
@35
59 ®30
31 S32
White
No 2 mixed
No. 2 white
o.
o.
37i3®40i8
38 tH ^
3^^'a>iOH
385t»40i2
Western mixed
No. 2 mixed
Western yellow
Western white
Western
State and Jersey
Barley—Western
j
i
.'59ia®66
61
45
42
I
Feedina:
I
®«4
®73
®47
The movement of breadstuffs to market as indicated in the
statements below is prepared by us from the figures colected by tne New York Produce Exchange. The recplpts «t
Western lake and river ports for the week ending Oct. 28,
an*^ ^lnce Aujr. t. for «acb of the last three years, have been ;
at—
<«e«tpt«
flour.
Bbl$.196m BtUh.dOlb:
117.B96
161.210
ihloasfo
Milwaukee
>nlnth
146..-
65
1,1S6 045
fhuh.azibt ButhtSlhi
763 785
2.187 882
298.H00
627,300
65,45:'
235.816
7.982
80,417
86,701'
160.480
220,640
2,828. 5F8
97^
»•
B14.66Z''..
But>l.56Ii»
861.2<i0
1,64-;
Barley
Oats.
Corn.
fVheat
81.&30
84 700
45.338
12,710
tflnneapolii.
3,073
2.437 650
"oledo
7.670
107,U6~
385,450
47,400
24.0(H)
4,500
letrolt
4,000
83,066
117,}.5-'
11.6^3
6.058
8.474
50,0V 3
186,080
164 696
280.600
162 000
64,000
ss.soo
46.(i58
CHeveland
at.
. .
Louis...
Kansas
343.07
232.2
38.085
304,200
7.85<
28.600
'eorla
t63,00i
City.
166.00<
61.76
600
284.880
Tot.wk.'99.
wk.'98
491.799
3b0 3b2
e,625,08S
4 489.472
3.468,107
1 964,688
S',681.717
3,346.4'8
2,710,455
1,3 9. '58
34-i.9ea
wk.'97.
345,068
7,047,20*
3,871,734
2,962.191
1.491,987
887.827
2.S8B016
» 855 866
4 85 ,281
Same
4ame
Since Auo.
1
f,99
s98
1 97
5.688 796
1 8
79.?87,92B 69,487,3flB 56.699,585
12.0in.8fl6
4,287
95.370,4 !0
52,9.S9,0fll
lS,729.7iS4
2,774, 6W9
89 946,61S
61,274,508
12.342,054
£6,101,42
79,87v,46
rhereoeli>t8 0f flour and grain at the seaboard ports for
the week ended Oct. 28 1899, follow :
Hour,
Rteeiptt
at—
Sew York
«7«h7
Boston
Montreal
Phlladelptala
Baltimore
Richmond
Sew Orleans*
Newport News
Norfolk
iMivestOD
Portland,
bblt.
ie3.«26
35.«I3
87,457
Oatt,
bu$h.
Barley
Rve,
1.329,»26
1B2.352
680.200
32,960
177,.-63
107,100
486,100
75,4n8
2 1:\261
Corn.
bush.
132.1-77
6^1,211
1 »,-;43
13^85S
1.080,7i!9
4,024
12.208
21,290
i6,267
14.;U4
232,100
2i>.(i^4
476.B10
220,9 1
18f',844
2H6.833
21,'14
24,3/5
'a,4'io
ST.tttK)
4,v25
8,<i34
3i.f>l9
2.170
44S,(JU0
6,000
40.000
288,000
Me
Toul week
Week 1898
bvifi.
3U571
290.000
10 666
PeasHCOla
Mobile
*
tVneat,
buth.
901.075
46 158
23H,3aO
17,238
527,422
601.858
Ueceipts do not inolude
^__
„
1,892.042
4.Si4.3.>4
4.434,139
3,360.478
grampamBB
ports on throuKh bills of laaiiuj.
1,918834
1,900,447
thronsh
New
821,653
lUO.lll
80,266
317.616
Orleans tor 101 elgn
j
November
THE CHKONICLE.
4, 1899.]
971
Total receipts at ports from Jan. 1 to Oct. 28 compare as
follows for four years :
Domestic Cotton Goods.— The exports of cotton goods
from this port for the week ending Oct. 30 were 1.979
1896.
9,300.aw2
packages, valued at |99,436, their destination being to the
points specified in the tables below :
ReetivUof—
rionr
Wheat
bush.
99.677,84-t
104,508.'95
OOPii
"
1118,029.383
Oats
Barley
"
Bye
"
1«4.984,429
81.69^,818
9,078,216
5,067,840
"
Total
"
Jtrain....
•nding Oct.
Bosport$
We w York
38. 1899.
Wheat
from— tyiith.
Boston
Portland, Me.
Philadelphia..
Baltimore
New
Orleans..
Norfolk
Rewp'rt News
Montreal
Galveston
Pensacola
Mobile
are
bush.
724,382
g43.3»7
79,P48
650.337
48,0&0 1,017.349
601.7H1
3j7.000
39.671
2?0 951
295.461
109 372
292.000
269.655
10,666
17.238
'
Flour,
bbU.
Oatt.
Bye,
bush.
bush.
71.533
63.548
9,945
107,»iO
40.000
39,537
40,132
6,2H3
26.^67
21.2H0
17.7S7
2,857
other coontrles
Total.
Total 18J8..
••""•
91,302
81,624
100,971
897,192
863.072
139.552
95,516
619.242
577,697
24,940
bush.
bush.
bbls.
87( .S'^e
1.090,510 ll.«72,386
936,179 9.030.596
132,223
2,3*5
1.6^9,104
.
i;23.6-8
49.1<99
214
40,225
62.600
278.184
S37.881
2 506,C:96
2.668.745
2,0?6.689 20,9t7.«87
3.446.285 27.581.630
Oct. 28
1.
1E99
bush.
2.000.938 15.102 339
1.891.606 16.81H.0 7
10H.907
32 145
56,258
208.487
21 245
181,458
3.610
29^,497
4.0O4.70S 32,669.781
2.983548 23.i'22,118
visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Oct. 28, 1899, was as follows :
in
store at
—
PP heat,
Corn.
bxuh.
bush.
1,421.000
34.0C0
5.531,n(v
17 000
Boston
570.O01/
Philadelphia
Baltimore
New Orleans
178,000
76H.O00
6 S.noo
762.000
137,000
7»,000
Galveston
Montreal
Toronto
Bnflalo
2-7,
Oats,
bush.
812,000
Barley
busn.
149.
•'
80.000
77.OU0
>oi,
661.000
1,222,000
5^9,000
276,000
12,0UU
BV*,
buih.
111,000
651 000
672,000
4,000
74,000
414,000
3.000
544,000
47,000
128,00c
43,006
6«4,000
7)006
49 00)
1,261,000
1.419 000
2.186,000
1,026,000
eiy.'oob
823.000
9o,o'o'6
'7,bVo
'io.'ooo
11,000
11.070.000
4.i«9i6bo
1,203,000
399,000
'38,000
120,000
r,ooo
"2,000
6.(00
'ii,bd(
Ft.Wlll'm&Pt. Arthur 1.639,000
Dnluth
7 713,uOO
132,000
121.000
301.000
470 000
84,00*0
670.000
24.000
6,000
49,000
Do
afloat
Toledo
Do
Do
afloat
Ohloago
Do
Do
afloat
..
Milwaukee
Do
afliat.
afloat
Do
9 315 000
2.146.000
423,000
20,0
2,385.000
"e'i'ou'v
's'i'o'ob
53.000
665.000
389.000
113.000
6H4.000
23,000
1,294.000
i,6s8.flio6
Iit3,000
292.000
381.0d6
66.000
22.000
24,000
28 1889. 4»,562,000
13.718.000
14.099.000
6.913.000
6 74 2.000
1.033.000
2,876. 00
1.0fi3.o00
2.610
24,J-08,000
6,:"
000
1,128,00C
3.4ta,00f
2,544.nno
*,..x..
3,267,01,0
3S17,(M)i
5.9170
„,„ , ^
afloat
Kansas City
Peoria
Indianapolis
On Mississippi River
On Lakes
On canal and river.
Total
Total
Total
Total
VotBi
Oct.
Oct.
Oct.
Oct.
Oct.
.
.
21. lH»-9. 4-, 665,000
2M. 1898. 15.176,000
60, 1897. 2H,t-74.000
45 W8.000
73
15,364;000
ie,doo
6f>3
1
110
342,003
20,784
1,293
263,445
21,823
1,979
362,787
1,293
285,268
Prom New E^siana mill ooints direct.
The value of the New York exports
'
for the
ings and drills has been moderate, and exporters have placed
only small orders. The tone of the market, however, continues strong. Four-yard sheetings are scarce and J^c. to
J^c. higher.
Fine brown and fine gray goods very lirm.
Ducks aod brown osnaburgs are against buyers. Bleached
cottons occasionally }^c. to J^c. higher, demand fair, but
Sellers reserved in all leading hues.
Wide sheetings quiet at
recent advances. Canton flinnels advanced ^c. per yard
and cotton blankets firm. Denims are 14 c. higher
several
leading makes and J^c. advances occasionally reported in
ticks, checks and stripes, and coarse colored cottons generally in strong position.
Kid-finished cambrics quiet but firm.
Scaple prints are tending against buyers, and in some instnnces are J^c. higher. Fancy calicoes well sold up in dark
work. Shirting prints and percales in good request for
m
spring. Wide fancies, dimities, batistes, etc., also free sellers
for next season at stiffening prices. Staple and fancy ginghams without change. Priot cloths inactive at 2i^c. for
regulars. Odds in moderate demand at full prices.
.
—
S)ft finished dress goods novelties
have been in request at firm p ices. Orher descriptions quiet.
Silks firm with fair demand. Ribbons still irregular. Lices
in moderae request.
Hosiery selling well at firm prices.
Lioens scarce and advancing. Barlaps strong and 1^3.
Friday, t. M.., November 3, 1899.
The course of the market for staple cotton ji. oJa has again
been maiked oy advances in all divisions. Thf-se have n.t
been general, but they have been frequent enough to show
The gains
have been made, too. in face of a quieter business than has
been recorded tor a considerable time past, and in that are
a significant indication of the strong situation in staple cottone. Spot business is still restricted by the scarcity of
ready supplies, and there is so little production uncovered by
existing contracts that no relief in that connection can be
expected for some time to come. Taere has been less presBure to buy for future delivery, but sellers are just as indifferent as befoie, the higher range of prices oeing apparently
no temptation to them to increase ih-ir obligations to any
extent, possibilities ot higher raw material and of demands
for higher wages keeping them in check.
In woolen goods
men's-wear fabrics have ruled quiet but dress goods are
moving satisfactorily. The jobbing trade, although suffering to some extent from unfavorable weather, has been better than usual for the time of year. Collections regular.
Woolen Goods.— Business
g
H
00
THE DRY GOODS TRADE.
NEW VoRK,
sjjent itself.
n
412.000
i
upward tendency has not yet
Importations and Warebouse "Wltlidraiv^als of Dry Goods
The importations and warehouse withdrawals of dij goods
at this port for the week ending Nov. 2, 1899, and since
January 1, 1899, and for the corresponding periods of last
year are as follows:
HI- IBB6 58.679.00r
19,3iO,>or
11. '51 000
Excl .8ive of New Orleans. Galveston, ^t. William and Port Arthur, but
includio); Albany, 'swego and Cincinnati, now omitted.
Note.- BeKinnine July i. 1899. the New York Produce Exchange has changed
\iS'?,.®°"PP'I^'*'®F®°* by including stocks at New Orleans. Galveston.
U?
Ft. William and Pt. Arthur (previously omitted) a..d leaving out Albany
Oswego and Cincinnati, formerly included.
in this division of the market
has rulf d quiot eo far as men's-wear fabrics are concerned.
There is
)re thao a usual business for the time of the year
in heavy-weights for quick delivery, but the
orders are only
for small quantities, while re-orders for spring have
not developed to any extent. The tone of the market is firm, with
the exception of a few all wool goods. The activity and
strength of raw wool is a suppor ing factor to a generally
well-sold condition, and in most directions sellers are talking of higher prices in the near future. There
has been no
•hange of mom«nt in overcoatings or cloakings. Flannels
and blankets continue quietly firm.
m
348
19
48
1
787. or.
•
that the
"18
dearer.
....
Minneapolis
Bt Louis
883
131,990
9,076
27,734
8.905
12,5"2
3,766
7 060
44,504
14.151
1,979
Total
China, via Vancouver*....
Foreign Dry Goods.
afloat
Detroit
295
301
284
191
384
16
West Indies.................
Mexico
..................
2,804
to date
week and since has been $12,543,588 in 1899, against 19,387,256 myear
1898.
Corn.
Cotton Goods. —The home demand for heavy brown sheetWsfk Since !^»rt
The
Mew York
Do
afloat
15
450
Since Jan. 1
TVeeA;.
68
29
1,788
834
204.457
2,304
38,039
13,450
25.013
3.879
8.824
36,659
6,726
4.S
Arabia...., ..................
Africa
1.
''.'.'.'.'.'.'.
4'45,000
,
5,9 6
Great Britain...... ...... ....
Other European.............
China
India
South America..............
Other Countries
70,000
9,785
1898.
Week. Smee Jan.
Central America............
12O.'^40
destination of these exports for the
September 1, 1898, is as below.
Flour.
r——^Wh»(iU
Exports for
Weeh Since Sevt. Weelt Sines Sfvt
week and sine* Oct. 28.
1,18P9
1, 18t9
Oct. 28.
26.-^2
Barley,
hunt
418.725
38.001
Peal,
bush.
8,361
15
49,662
The
West Indies
Br.N.Am Colo's
week
1899.
Oct. 30.
Total
278,1S4
317.881
tliiie'9».3.i4t5.^S6 2,963,548
hhis.
Sept. 1 to—
United KinRdom 179,911
Continent
37,378
28.923
B. i C. America.
204.685,844
annexed statement
In the
New Yobk to
59,718 9 3
7,141.928
4,76»,&69
339,137,544
369.709,762
shown
Total week.. 2.026,689 4.004,708
Same
56.6!>4.148
7K.S5',94-<
83.138.701
161 477.219
76 468 144
10139 162
8,914.328
several seaboard ports for the
Corn
599,243
374,967
21.218.548
80.627.432
3.s8».'64
12,756,378
860.483.147
The exports from the
1897.
1898.
16,t91.633
1899.
17,734.273
bbll
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THE CHRONJCLE.
972
m^
lT/im
Page.
CiTY ^ttr^WfWt
MUNICIPAL BOND SALES IN OCTOBER.
Our record
bond
[Vol. LXIX.
Location.
Rate.
8 17.. Bedford, Ind
922.. Belleville (111.) School
District
8 17.. Berkley, Va
867..Brec'kenrid«e, Minn....
974.. BucyruB, Ohio
817..Buflalo, N. Y
922..Buffalo,N. Y
922..Buffalo, N. Y
922..Bufialo, N. Y
922.. Caldwell, Kan
817. .Canton, Ohio
817.. Canton, Ohio
1914
4
1919
1929
5
5
Amount.
Maturity.
4
"*i9d2"'
October
3
Oct. 1, 1900
3
1900
shows a total of $9,210,554, not including $655,000
3ifl
1919
312
It 04
of temporary loans negotiated.
These figures com4
t-1919
313
1914
pare with $7,201,593 for September 1899 and with
4
1902&1904
76 5.. Cape May, N. J
4
1929
$4,906,607 for October 1898.
974 Carlton, N.Y
1901-1910
4
The October 1899 figures are larger than the aver- 867..Charleroi, Pa
4
IS 00-1929
.Clay Center, Kan
5
t-1929
age of that month for the past seven years, which is 817.
922..Cohoe8, N. Y
1932-1939
Coshocton,
817..
Ohio
1901-1915
6
$7,922,229; this is due to the presence of the Massa- 974.. East Jordan, Mich
4
974..East()n,
Pa
3*2
11909-1919
chusetts State and New York City loans, aggregating 922 .Elkhart,
Ind
4
1919
922..Klyria, Ohio
1800-1905
6
in themselves over 4^^ millions.
8l7..Enderlin,N. D
1919
5
3ifl
1929
Considering the condition of the money market and 923.. Fall River, Mass
974..Gallipoli8, Ohio
1900-1909
5
the high interest rates which have prevailed, the »74..Greenport, N. Y. (2 is3-10
sues)
1902-lf05
municipal bond market is seen to have displayed con- 923. .Hamilton Co., Ind
5
923. .Harrison Co., Texas.... 4
t-1939
siderable strength.
3-15
Of course these securities do not 868..Irvington, N. Y
1904-1928
8t8..Irvington, N. Y
19C4-1928
31a
command such high prices as they did a few months 818. -Jamestown, N. Y
3ifl
1909
818. .Jamestown, N. Y
313
1900-1909
ago, and yet values have held up better than might 863. .Jennings Co., Ind
410
974. .Johnson Co., Neb
4
't-i909""
the
part
played
As
showing
have been expected.
by 818. .Kaufman Co., Texas.... 4
818. Kenton, Ohio
tbe monetary situation, it is only necessary to say 923.. Kenton Co. (Ky.) Sch. 4
Dist. No. 36
6
1919
that this caused New York City twice to postpone her 868. -Kern
Co., Cal
412
1909-1919
8l8..Kin8ton, N. C
5
1929
offerings, and then finally to place but a small portion 818..Kirkwood. Mo
4
Oct. 1, 1919
.Lake Co., Fla
5
Jan. 1, 1920
of the original amount proposed to be issued, with- 923.
765. .Lawrence, Mass
1911-1914
4
Leavenworth, Kan
1900-15:09
5
holding the remaining bonds until a more propitious 868..
818-. Leslie. Mich.'
of the municipal
sales for
time.
The New York
City 3^ per cents were awarded
on October 27 to various parties on an average basis
the indiv^idual awards being
of about 3*13 per cent
—
made on
a basis of from 3*06 per cent to 3*148 per
On
9 1899
Massachusetts' 3 per cents,
amounting to $1,250,000, were sold to the International Trust Co., Boston, on a 2*943 per cent basis,
cent.
Oct.
974..Llgonier, Ind
974.. Lincoln Township,
974. .Lisbon, Ohio
923. .Livonia, N. Y
923.. Los Angeles. Cal
Kan
868..LudingtOD, Mich
9-23..Ly8ander, N. Y
868. Manitou, Col
923. .Marion Co., Ohio
818.. Massachusetts
818.. Maseachuf ett a.
975.. Monroe, Mich
818..Montgomerv
(O.)
much higher bids for the Z^ per cents.
Other sales that may be mentioned were $544,000 4
per cent 30-year bonds of Norfolk, Va sold on Oct.
5 1899 to Feder, Holzman & Co., Cincinnati, at 100*81
,
—an interest basis of 3*954 per cent; Newark's (N. J.)
amounting to $281,000, bearing
maturing
cent
and
in 30 years, was awardtd
per
3^
on Oct. 23 to Kountze Bros., New York, on a basis of
3 '176 per cent, and finally an issue of $200,000 3f per
cent 1-40-year (serial) school bonds of Los Angeles,
issue of school bonds,
on Oct. 23 1899 on a basis of 3*508 percent.
The number of municipalities issuing bonds during
the month was 127 (emitting 139 separate issues), as
against 118 and 132 for October 1898 and 164 and
191 for September 1899.
In the following table we give the prices which were
paid for October loans to the amount of $8,590,850,
issued by 105 municipalities. The aggregate of sales
for which no price has been reported is $619,704, and
Cal., sold
766. Norfolk, Va
766. Odessa, Mo
976. Oneida (N. Y.) School
District No. 4
8f9..Patton, Pa
869. Peirce Township, Mo..
8.9 .Pelham,N.Y
819..Perkasie, Pa
767. .Port Chester. N. Y
976 Poitland, Mich
819..PottsTowu, Pa
869.. Providence, R. I
92t.. Putnam Co., Ohio
925.. Randolph, Neb
7»7..RankiD, Pa
819..RapidCity,
8.
Dak
869.. Rotterdam (N. Y.) gch.
Dist. No. 15
869..Rumford, Me
t2j.. Saginaw. Mich
Mich
819..8hawangunk. N.Y
f
25..8t. Louis.
869. .South Bend, Ind
819 South Brooklyn, Ohio..
977..SouthNyack, N. Y
8 19.. South
Omaha, Neb
fl26..Stoniugton, Conn
820.. Tillamook Co. (Ore.)
Sch. Dist. No. 9
869..Topeka,
Kan
926..Tekamah, Neb
820.. Union Co., Ohio
820.. Upshur Co., W. Va
926..Utica N. Y
820. -Uvalde Co.. Texas
869. .Warren, Minn
4
5
312
31a
3ifl
3I3
922..Anen
Co.. Ind
867..Ali80 (Cal.) Sch. Dist...
817.. Alpha (Cal.) Sch. Dlst..
973. Alva, Olila
922..AtlanticCity, N. J
765. Augusta Ga
867..BallBton Spa, N. Y
867..Ball8ton Spa, N. Y
817..Batavla, Ohio
.
867..Baton Rouge, La
SJ^
7
Maturity.
11904-1908
5,5<.0
102
1904&1909
1,250
1919
1902-1904
200,000
100-80
102-77
108-66
110 91
104-44
8
1900-19. '5
6
tl909-1929
4
1919
Nov. 1,1929
1904-1928
1904-1928
1907-1929
tl903-1939
3»2
SH
ZH
4
4
Amount. Price.
1,350
1,200
10,000
11^»,000
10426
66,000
6,000
44,000
18,000
102-50
30,000
100
103-31
104-07
|
J^^'^^
767.-Wlieaton, Minn
870.. Whitewater, Wis
1900-1919
11909-1919
105-208
100
100
101-50
101-18
100-38
103-25
100
100
104-10
192M
1900-1909
1929
4
5
11909-1919
4
]9rO-1904
1919
11909-1919
1919-1927
11904-1929
4I2
4
4
4
4
1-1919""
31a
t-1929
3
41a
5
4I3
5
1,1939
*1908
11909-1919
1900-1929
11909-1919
Sept.
4
4
1900-1914
11909-1919
19C 0-1909
1904-1913
1900-1903
1909
5
Oct. 1,
5
4
31a
5
312
7
1924
1901-1906
1900-1804
3-9
6
4
4
413
5
5
11909-1919
"1919"'
*1902
11904-1919
1900
5
4
104
104-28
106-31
101-53
103-608
1,849,107^ 106-811
107-dO
4 58,000
I 106-811
570,000 105-031
541,000 100 81
10,000 106-70
60,000
231,000
15,580
5,000 101-398
7,00J 105
22,000 100
7.175 102-20
12,000 100
2,500 100
20.0(0 100-625
55,000 103-636
166,000 100
10,000 106-70
7,800 1H2051
27,461 101-98
51,000 102-802
108-68
106-46
4,500
30.000
9,520
10,000
11,468
10,000
25,000
100
105-25
101-91
105-41
103-072
115-71
12,000' 100-03
4,500 100-11
24,000 100
2,000
60.000
13,000
5,000
20,000
20,000
L.-iOO
4
10351
6,000
38,5l'0
Oct. 1. 19i>2
1929
1919
1929
31a
In
4ifl
the total bond sales for the month $9,210,554.
926..Warrensburg (N. Y.)
reference
is
made
loan
to
the
page
of
the case of each
Sch. Dist. No. 1
5
977..Well8ton, O. (2 i.-sues). 5
account
a
full
of
sale
is
where
given.
Chronicle
the
870..Wellsville, Ohio
4
820..Weatwood (N. J.) Soh.
October Bond sales.
5
Dist
Rate.
Location.
Page.
5
817. .Adams Co., Ml88
973. .Ada Co. (Idaho) Sch.
6
Dlst. No.47
100
11,000
12,000
75,000
40,000
40,000
10,579
60,000
12,400
28,000
12,000
8,261
4,500 113'66
23 s,000 100
25,000 104-10
5.000 102-81
7.500 100-69
32.00C1 109-10
54,143 100-75
16,000 101-875
5
.'^.000
101-50
i96o-i9()4
5
23.000 100
5
t-1921
4.-00
«
105-56
1900-1904
3-45
1904-1928
22,500 100
1900-1939
200.000 103-51
3%
1909-1928
4
100,000 102
3I2
1901-1925
25,000 101 168
tl915 1929
25,000 104 26
5
27.fi00
105-125
1800-1909
5
3I2
200,000 101-255
Jan. 1, 1V24
M-ay 1, 1929 1,2-0,000 101-125
3
1900-1909
20,00j 101-625
4
4
766..Mt. Carmel, Pa
766. .Mt. Vernon, N. Y
924.. Newark, N. J
though the $200,000 3j per cent bonds were awarded
924..Newburgh, N. Y
to the same firm on a basis of 3*44 per cent, the State
921..New York City.
Attorney- Oeneral ruling that their offer was in the
924. .New York City
nature of a "whole or none bid," thereby blocking 924. New York City
several very
12.000 105-89
25,000 105-74
24,000 103-26
3,050 104-26
7.434 100
43,000 ICO
75,455 105-115
192,748 101-015
20,000 100
12,500 101-88
4,000 101-25
( 104-50
17,000
1101
14,000 102-27
96,000 106-32
15,000 101
40,'245 105-32
27,000 115-28
12,000 100
35,000 105
15,000 10802
106-266
3,0(
4,000 §100
105-89
175,0>
27,000 107-17
Sch.
Dist. No. 6
Price,
104-61
13,000
)
>
102-80
100
101
10205
;
I
104-75
107
101-45
100
100
11909-1 914
5,000
20,001
9,424
25,000
11302
190O-1P09
1912-1920
1901-1918
1914
1901-1912
9.000
11,000
12,000
103
103
101-125
105-37
105-16
Total (105 municipalities, covering 117
$8,590,850
separate Issues)
Aggregate of sales for which no price has
covering
been reported (22 muuioipalities,
619,704
22 separate issues)
Total bond sales for October 1899
:$9,210,554
' Average of dates of maturity.
T Subject to call in and after thi
earlier year and mature in the later year. tNot including $655,000
of temporary loans reported and which do not belong in the list.
November
THE CHKONICLK
4, 1899.]
In the Chronicle of October 1 1899, page 764, a
list of September bond sales amounting to 17,159,793,
will be found.
Since the publication of that statement we have received the following additional reports.
Additional September Bond Sales.
Maturity.
Amount.
1900-1939
10,000
1904-1909
1904-1909
33,000 101-66
4.^00 101854
30,000 100-.-5
11,000 105027
3,000 104
1910-1921
50,000
Paae.
Location.
Rate.
8 17.. Belvedere. Oal
5
8 17.. Charles City ([a.) Boh.
Diat
4
817.. East ClevelaniJ, Ohio.. 5
974..Lacqui Parle Co., Minn. 3^2
818. Llano (Cal.) Sch. Dlst.. 6
8 68.. Lyon 9 Mich
5
820.. Washington (Pa.) Soh.
312
DIst
.
Total additional sales for September
Price.
105
103 80
$141,800
These additional loans will make the total sales
(not including temporary loans) as reported for Sep-
tember 1899 amount to $7,201,593.
New York City.— Bucfgei
for 1900.— On Octoter 30,1899,
Board of Estimate and Apportion ment adopted the
budget for 1900, We give below a table showing the purposes
for which the taxes of 1900 will ba levied, together with the
figures for the present year, as approved by tne Municipal
Assembly
the
:
City Expenses.
1899.
Interest on city debt
$11,430,778 71
Redemption ot city debt
12,046.06134
The Mayoralty
1
63.755 00
The Municipal Assembly and City Clk.
200.052 00
7" 9,391 00
Department of Finance
Law Department
39v>,-'58 00
Board of Public Improvements
239,500 00
Department of Highways
2,520,099 67
Depanment of Hewers
787,479 92
Department
of Bridges
Dept. of Public Bldgs., Lighting, &o..
Rbnts
Borough
00
4-1,95700
3,819,683 75
315,379 91
51.300 00
1,442,9)4 17
1,825,113 45
1,896.812 97
"r2,775 00
3,055,515 00
11,99 ,503 42
5,031,282 27
4,840,67© 52
546,52 00
406,''22
51,30000
officers
Waer Supply
17
00
00
00
1,110.5 8 49
11,797,596 90
4,575,800 01
1,450,817
1,729,235
1,941,215
704,065
Depanmont of Parks
Department of Public Charities
Department 01 Con ection
Department of Health
Police Department and Elections
Department of Street Cleaning
Fire Department
4,443,664 l-s
Department of Buildings
52,265 00
Department of TaxesandAssessm'ts.
3*^9,200 00
Board of Assessors
35, 00 00
Drpartmentot Education
13,040,0 2 95
College of New York City
200,000 00
Normal College
175,00000
Coroners
165,150 00
Commissioners of Accounts
160,000 00
Civil Service Commi sion
66,000 00
Board of Cit.v Records
425,000 00
Bureaaof Municipal Statistics
11,200 00
Examining Boaid of Plumbers
3,60 1 80
Library purposes
..
226,564 00
City Court ot New York
117,10000
Municipal Courts, City of Sew York..
Court- of Special Sescions
City Magmtrates' Courts
Charitable institutions
MlscellHueous
Total for city
County' Expenses.
Slate Taxes and Vommon
for atate
County or New York
County of Kings
County of Queens
Coun y of Richmond
—
do
do
do
do
do
'»2,70000
14,591,11109
200,000 00
175,000 00
165,lf.0 0()
15ti,000 00
76,000 00
460,200 00
11,200 00
3,^94 00
214,779 30
117,10000
393.750 00
125,700 00
:-32..50000
329,00 00
1,784,846 78
4,990.513 59
2,857,0S4 27
549,000 00
$83,710,793 19
$79,201,763 26
lature to borrow monev or issue certificates of Indebtedness for any such purpose. The fact that the resolution orderinglthesewarrants to be is?ued falsely
aud fraudulently recited that they were intended for public improvements
cannot aid the plaintiff In error because he occupies no. better po^ition than
the origrinal payee, who had full notice of the oulect for which the warrants
were issued.
The Iowa " State Register "
loYf a.— Decision on Tax Law,
says that on Oct. 26, 1899, the Supreme Court declared un-
—
constitutional that portion of the State law which exempts
insurance corporations from paying taxes other than the percent tax levied by the State and collected by the Treasurer of
State.
The Court holds that insurance and kindred corporations are subject to State, county, city and school taxes just
as individuals are. Their capital stock and personality, by
this holding, are placed on a footing with their real estate,
all being subject to the local tax levies, which formerly they
escaped.
Sau Francisco, C&l.—City Chart'r Legal—The State Supreme Court on Oct. 23, 1899, handed down three decisions
of coDsidera^^le importance. These decisions are very lengthy
and in effect uphold the legality of the new city charter,
which will go into force on Jan. 1, 1900 The first decision
confirms the ruling of the Superior Court, that the manner
of holding the election on Dec. 27, 1-97, to vote for Freeholders who were to frame a city charter was legal in all respects.
In the second decision it is held that the Charter Act of 1897
was not special legislation, nor did it lack uniformity of operation, applying as it does to all municipalities that are
authorized to adopt freeholder charters, The third decision
disposes of the claim of the county officers to exemption from
the effects and operation of the Charter, it being held that
the merging of city and county governments was complete.
Bond Calls and Redemptions.
Butte (Mont.) School District.— Bonds Redeemed.— Thi&
redeemed $50,000 school bonds subject to call
district has
Oct. 21, 1899.
—
:
$40,000 • bonds of Delaware Township. Jefferson County, issued Oct. 29, 18-<7.
in aid of the Kansas Citv Wyandotte & Northwestern KR. J. L.
Corkadel is Township Treasurer.
bonds of Stranger Township. Leavenworth County, issued May 31,
1887. in aid of the Kaus.is Ciiy Wyandotte & Northwestern RK. Geo.
Seufert is Township Treasurer.
15,000 • bonds of Union Township, Jefferson County, issued August 20, 1887,
la aid of the Kansas Ciiy Wyandotte & Northwestern RR. T. E,
Dick is Township Treasurer.
Called for December 1, 1899.
10,000 f bonds of Liberty Township. Coffey County, issued Aprii 25, 1887, in
aid of the St. Louis s, Emporia RR. Sam Myers is Township Treas-
10,000
*
urer.
8,0C0 *
20,000
»
16'<,413
]
2:-J
631403 73
$6,275,659 10
New York. $8,223,934 50
County of Kings .... I,019,-i22 33
County of Queens
235,392 91
County of Richmond.
54,880 00
$9:-t,520,082
Less est ed revenues of general fund.
bonds of Murray Township, Marshall County, issued March 1, 188P, In
aid of the Kansas City Wyando>te & Northwestern RK. G.W.Keller is Townrhip Treasurer.
Called for December 15, 1899.
bonds of Toneanotie Township, issued August 6, 1887, in aid of the
Kar sas Ciiy Wyandotte & Norihwestern RK. F. A. Schenck is Township Treasurer.
$4,737,166 59
l,306,t)75 P5
total
—We
are advised
Counecticat.— jBonds to be Redeemed.
that a resolution ot the General Assembly, approved March
30, 1899, authorizes the Treasurer to purchase and cancel
any bonds of this State whenever he may deem it for the interest of the State.
Holders of Connecticut bonds, therefore, desirous of selling, are requested to address the State
Treasurer, stating the amount of such bonds for sale and
price ab which they will dispose of the same.
Kansas. 1 oicnship Bond Calls. The following bonds have
been called by the various township treasurers for payment
at the State fiscal agency in New York City
Oalted for November 15, 1899.
Schools
Total of other county expenses... $3,533,629 74
Grand
3j4,40 00
392,200 00
125,700 00
Total levy for State
Other expenses, County of
do
95
35
OO
00
779,.ic5 00
399,758 00
239,500 00
2,V51,84467
803,173 17
3,617,804 26
291,7H 45
Depariment of
1900.
$11,707,544
7,939,073
b3.755
200,052
97:-<
03
9.026, 91 26
.
$6,116,055 16
l,f 18, 158 13
19 ,340 1
74,934 02
$7,905 488
2,275,277
1,095,505
239,69 (
61,240
02
00
33
87
00
$3,671,721 20
Denomination
Denomination tSOO.
Call.
A.
Treasurer, has called for payment Nov.
Manltoa,
$1,000.
Colo.
i
— Bond
6^ water bonds,
issued Nov. 1, 1889.
$25,0'
—
N. Frowine,
1,
numbered from
Town
1899, at his office,
1 to 25, inclusive,
—
Multnomali County, Ore. Warrant Call.
Ralph W.
Hoyt, County Treasurer, has called for payment county
warrants. Class 36, drawn upon the general fund that were
presented and indorsed "Not paid for want of funds" from
Sept. 15, 1898, to Sept. 30, 1898, both dates inclusive. Interest on these warrants ceased on Oct. 26, 1899.
$90,, 78,972 48
10,:-00,000 00
Net budget
to be raised by taxatl'n.$94,493,S90 77
$80, 478,972 48
Ashliiiid County,
Bond Litigation.— Action was begxin on Oct. 6, 1899, by Able H. Dufur, a tax-payer,
to enjoin
Wis—
Bond Proposals and Negotiations
this
week have been as follows
the county officials from issuing the $100,000 funding bonds
Ada Conntyfldalio) School District No. 47. Bond Sale.
which were sold on June 2it, 1899, to Trowbridge, MacDon- — Oa Oct. 24, 1899, $1,250 bonds, maturing $500 in five years
ald & Niver Co., Chicago, but afterwards refused
by that and $750 in ten years, were awarded to Dake M. Farson, ChigroTiDds for the suit are that Chapter 39, Laws of cago, at lOO'-O for H bonds.
?u,S" under
i'®
1899,
which it was proposed to issue the bonds, was
Akron, Ohio.— fiond Sale.— On Oct. 21, 1899, $8,500 sewer
wholly unconstitutional, and therefore void. It was also
contended that the county had exceeded the 5% limit of indebtedncFS. it being claimed that the outstanding indebted-
:
bonds were awatded to Denison, Prior
&
Co., Cleveland, at
100-35.
Alva, Okla. —fiond Sale.— On Oct. 16, 1899, the $16,000 6^
10 30 year (optional) water bonds were awarded to Trowbridge, MacDonald
Niver Co., Chicago, at 104'44, Follow-
ness was $376,275 77 and that the total valuation of
all nron^
erty was $4,85S.985 50
tiangur, Yf is.— Vote to Incorporate.— This place, by
vo^ of 102 to 15, recently decided to incorporate as a villao-ea
HnroD, S. D&k.— Warrai.ts Illegal—On Oct. 23 1899
Judge Caldwell of the United States Court of Appeals ren'
dered a decision, declaring illegal $40,00 ) warrants
issued
August 16, 1890, to aid the city in having the State Capitol
removed from Pierre to Huron. In his decision ^Judges
ibayer and Sanborn assenting) Judge Caldwell said :'
For description of bonds see Chronicle Oct. 14, p. 817.
Appleton (Wis.) School District i^o.l.- Bond Sale.— On
Nov. 1, 1899. $S,500 4^ bonds, matnriag Feb. 1, 1907, and
§1,500 4^ 1-6-year (serial) bonds were awarded to the First
wblch these warrants were issued w.as to influence tbe oeoniT^? fil?'''i"*': ^^^
'o ^<^^e for tn^ citv „T Hurc.ti as the rapitalot the State
Sl^r^^''^.^''''^^
o?Ui
** f/pn-uptlon fund for the purpose of locatinBthe capUat"m tbe
citv^nf
wr.'i^'
city
of Hurou.
It is not claimed
National Bank of Appleton at 100 85.
AzDsa, QiAV.—Bond Election.— An election will be held in
this city to vote on the question of issuing bonds for the pur-
that there was any authority from the Lepis-
&
ing are the bids
Trowbridge, MacDonald & Niver
Co.. Chicago
104-44
104 -ou
Oklahoma Bond & Trust Co
A. C. Town
103-00
I
I
H. Bickf ord
H. Coffin. Chicago
M. L. Turner
C.
C.
101-26
101062
10100
THE (CHRONICLE
974
chase of the water- works plant,
now owned by
S.
private par-
Sods. Cinoinnati...$28 935 90
8,917 uO
Co., Ciu...
Holzman &
Cai.tervllle
ties.
Barre, Vt.
$25,000
Kuhn &
Feaer,
Temporary Loan.- On Nov.
1,
1899, a loan
W.
of
Nat.Bk. hurman 28,877
i
Hayes & Sons,
R. Kleybolte &Co ,Cinci'>...$28,3?2 00
Denison, Prior & Co., Cleve. 2H,220 00
Lamprecht Bros. Co.. Cleve. 28,215 00
27.801 00
First Nat. B'k, Barnesvllle.
Meyer & Kiser, IncUanapolis
25,27140
(for $ii4,000)
I
.
<
.
cieve... 2«,'-69 oo
.
1st Nat. B'k, Columbus. 28,452 60
Briggs, Todd & Co., Cincin... 28,350 00
Loan
was negotiated with the Barre Savings Bank.
J.
New
LXIX.
[Vol.
.
4%% and matures July 1, 1900.
As stated last week, the bonds were awarded to S. Kuhn &
Bond Sale.— It is reported in local dis- Sons, Cincinnati, at 107-17.
Bncyrus, Ohio
patches that the City Bank of Bucyrus has purchased $3,050
Gloucester, N. J.— Bonds Not Sold.— The $100,000 S}4i 203-year (average) street-improvement bonds at 104 -26,
year street-improvement bonds advertised for sale on Nov. 2,
Carbon County (P. 0. Red Lodge), Mont.— Bond Offering. 1899, were not sold on that date. It is stated that only two
Proposals will be received until 3 P. M. Dec. 4, I8si9, by E. bids were received for the bonds and that the City Council,
J. McLean, County Clerk, for $43,000 b% 10-20-year (optional) upon the recommendation of the Finance Commitxee, decided
coupon bonds. Securities are in denomination of $1,000. dated to postpone their sale until a more favorable time and in the
Jan. 1, 1900. Interest will be payable January 1 and July 1. meanwhile to issue certificates in payment of the work done.
A certified check for $1,000, payable to the County Clerk, Greenport, N. Y.— Bon-d Sale.— On Oct. 30, 1899, the $10,000
will be required with each proposal.
5-24-year (serial) electric-light and $1,000 1-4-year (serial)
Carlton, N. Y.— Bond Sate.— On Oct. 25, 1899, the $14,000 fire-department bonds were awarded to the Southold Savings
bridge bonds were awarded to Isaac W. Sherrill, Poughkeep- Bank at par for 3*10^ bonds. The only other bids were those
sie, at 102-27.
Following are the bids
of W. J. Hayes & Sons, Cleveland, and Walter Stanton &
Bertron & Storrs, New York.... 101-20
I. W. •«herrHl,Poughkeepsie.... 102-27
59 and 100'57, respectively, for
Co., New York, who bid 1'
1' lOS
102-19
J. S. Curtis, local
W. J. Hayes & Sons. Cleve
10ro7
the $10,<'00 bonds, to bear 33^^ interest.
K. B. Smith & Co., New York...lOv-OS
O. A. Newal, Albion
102-03
Geo. M. Hahn. New York
H. White & Co., New York. .100-63
Humboldt, Kan. Bonds JSot Sold. No bids were received
100-56
IO2-1
Jose, Harker & Co., Boston
Walter Stanton & Co., N. Y
101-86
10000
on Oct, 10, 1899, for the $3,200 6% 20-year natural gas imS.A. Kean Chicago
J. S. Doolit tie, local
10166
R. T. Coman, Albion
provement bonds advertised for sale on that day. We are
Bonds mature $1,400 yearly, beginning March, 1, 1901.
advised by James Perry, Mayor, that he will receive bids at
Chloride (Mohaye County, Ariz.), School District.— any time for these bonds. Mr. Perry states that there are
Bonds to be Issued. This district will shortly issue bonds over thirty gas and oil wells within the city, all of which are
for school purposes.
owned either by the Standard Oil Co. or by the Humboldt
Christiansburg. Ya. Bonds Defeated.— At an election Brick Co., and that the city pays these companies $10,000 a
held in this town Sept. 19, 1899, 12-4 votes were cast in favor year for gas, whereas it could operate its own plant at a cost
of and only 1 against the proposition to issue $10,000 electric- of from $3,000 to $i,OiiO a year. Full information may be had
light bonds; but owing to the condition of the registration by addressing the Mayor.
books, they not having been revised for a number of years,
Hyde Park, Ohio. Bond Offering. Proposals will be reand the fact that the law requires a two-thirds vote of all ceived until 12 M. Nov. 30, 1899, by Frank Lewis, Village
the registered voters, the bonds lacked 5 votes of the neces- Clerk, for |15,000 4% 1-30-year town-hall bonds, Sf»curities
sary number. Mr. Geo. W. Walters, Clerk of Council, are in denominations as follows
Five bonds for $ 00, five
writes us that the books will be revised and an election held for $200, five for $300, five for $400 and ten for $1,01 each,
in November, when the vote will be practically unanimous all bearing date of Nov. 28, 1899. Interest will be payable
in favor of the issue. Interest will probably be at the rate semi annually.
of 6%, and the principal will mature in 30 years, subject to
Johnson County, Neb.— Bond Sale.—On Oct. 21, 1899, t)i9
call after 10 years. Mr. Walters thinks bids will not be asked $28,000 4% refunding bonds were awarded to the State at par.
for the bonds before January, 1900.
Only one other bid was received, that of par by the Security
Cleyeland, Ohio. Bonds Authorized. The City Council Investment Co. of Lincoln. For description of bonds see
on Oct. 30, 1899, authorized the issuance of $500,000 park Chronicle Oct. 14, p. 818.
bonds.
Lacona, N. Y.— Bond O^Terrngi.— Proposals will be received
Collinwood, Ohio. Bond Offering, Proposals will be re until 10 A, M. Nov. 11, 1899, by D, E. Wilds, Village Clerk,
ceived until 12 m, Nov. 27, 1899, by L. A. Wilson, Village for $11,000 water bonds. Twenty five bonds will be in deClerk, for $60,000 water bonds, maturing Jan. 1, 1925, and nomination of $200 and twelve bonds for $500 each. Interest
$18,000 electric-light bonds, maturing Jan. 1, 1914. The will be at a rate not exceeding 5%, payable June 1 and Dewater bonds are in denomination of $1,000 and the light cember 1 in New York exchange. Principal will mature
bonds $500 each, all dated Jan. 1,1900. Interest will be at yearly on December 1, $200 from 1904 to 1928, inclusive, and
the rate of 4%, payable semi-annually.
A certified check $6,000 in 1929. A certified check for $100 will be required.
for 1% of the amount bid must acci^mpany each proposal.
Lac qui Parle County, Minn.— Bond Sale.— We are adDodgeville, Wis. Bond Offering. Proposals will be re- vised that the $30,000 'd%% court-house bonds, bids for which
ceived until 7 P. M. Nov. 21, 1899, by Henry Halverson, City were received until Sept. 26, 1899, have been awarded to
Clerk, for $20,500 5-20-year (optional) refunding water bonds. Gustav Eliason of Montevideo at 100-55. A description of
Interest will be at a rate not exceeding 4%, payable semi-an- the bonds was given in the Chronicle Sept. 16, 1899.
nually.
Lancaster, N. Y.—No Bonds to be Issued Until Next Year.
Donaldsonville, La. Bond Election. An election will be
We are advised that nothing will be done towards the
held on Dec. 5, 1899, to vote on the question of issuing $40,000 issuance of the $42,000 water bonds recently voted until
public improvement bonds.
early next year.
Dougherty County, (Ja. Bonds Voted, At the election
Lansingburg, N. Y.—Bond Sale.— On Nov. 2, 18 *9, $60,000
held on Oct. 19, 1899, the issuance of $15,000 4% 25-year gold 4^ 50-year water bonds were awarded to E. D. Snepard &
jail bonds was authorized by a vote of 4s2 to 3.
Co., New York, at 116-18. Following are the bids
East Jordan, Mich.— Bond Sale.— On Oct. 30, 1899, the E. D. Shepard & Co., New York. 11618 W. J. Hayes * Sons, Cleve
11427
li2-27
$7,000 water and $5,000 public-improvement 4% bonds were E. H. Gay <s Co., New York
Walter SUnton &(;o.,N. Y
»116-:il
11205
Poughkeepsle....
Sherrill,
11627
I.
W.
Bveritt
N.
Y
JohnD.
& Co.,
awarded to the First National Bank of Ctiicago at par.
10700
Bnggs, Todd & Co., Clncin
Allen, Sand & Co., New York.. ..114-41
East Stroudsburg (Boroogh), Pa. Bond Offering. Pro* Bid conditioned upon attorney' s opinion.
posals will be received until 7 p. m, Nov. 7,|1899, by A. R.
Brittain, Borough Secretary, for $20,000 4% refunding bonds.
These are the bonds for which bids were received on Oct.
These bonds will mature in ten years, but are redeemable at 5, 1899, W. J. Hayes & Sons, Cleveland, at 118-57, being at
the option of the Council. The official advertisement states: that time the highest bidder. They were re-adyertised for
It is aereed, however, if the premiums offered warrant it, that the bonds
sale, owing to a technical error being discovered in the origbears
—
:
('.
—
.
—
—
:
—
—
—
—
—
—
:
|
|
I
—
|
oSered are not to be redeemed until after the
tiO,i)00 of bonds exchanged at
par shall be paid. It Is estim-tted that It will be at least eight years before any
of said bonds are redeemed.
Private persons— bidders for amounts of from |100 to $1,500— and first taxpayers of the borough, and next those of the county, will be given precedence.
inal issue.
Llgonier, Noble County, Ind.— Bond Sale.—On Oct. 26,
—
Easton (Pa j School District.— Bond SaZe. This district
has sold an issue of $35,000 33^^ 10-20year (optional) bonds.
The bids received ranged from 100'50 to 105.
Elkins, W. Ya.— Bonds Voted.— At the election held on
Oct. 26, 1»99, the issuance of $30,000 water works bonds was
authorized by a vote of 161 to 15,
Esbon Township, Jewell County, Kan.— Bond Sale. This
township has sold to L, A. Bigger, Hutchinson, an issue of
$15,000 4}4% refunding railroad-aid bonds. Securities are in
denomination of $1,000, dated Jan. 1, 1900. Principal will
mature Jan. 1, 1920, subject to call one bond yearly, beginning Jan. 1, 1905.
Farmersvilie, Texas. Bonds Voted. At a recent election
the question of issuing $iO,OuO water-works bonds carried by
a vote of 127 to 41.
Fulton County, Ky.— Bond Election.—At the election to
be held on Nov. 7, 1899, the queation of issuing $20,000 courthouse bonds will be voted upon,
Oaffue) City, S. C.—Bona C>/ferinfir.— Proposals will be received until 12 M, Nov. 6, 1899, by the Board of Public Works
—A. N. Wood, Chairman -for $10,000 5% 20-40-year (optional)
water and electric light bonds. A certified check for $500
will be required with each bid.
Gallipolis, Ohio.— Bids. Following are the bids received
on Oct. 23, 1899, for the $27,000 5% street-improvement bonds
—
—
—
:
1899, $5,000 5% 1-5-year (serial) school bonds were awarded
to A. B. Mier of Ligonier at 101-50, the City Council being
of the opinion that this was the best bid. Following are the
bids received
A. B. Mier, Ligonier
$5,075 CO W. J. Hayes & Sons, Cleve. .16,044 00
Keaer. Holzman &Co., Cin.... 5,08ii 00 Strauss Bros. & Co.. Llponler 6,' 87 50
5,o68
K. Kleybolte & Co., Cincin ... 5.«20 00
Sol. Mier, Ligonier
6,017 60
Devitt.Tremble* Co., Chicago. 6.ii65 00 Spitzer Jt Co., Toledo
^'955*^
5,0«.-J
00
S.
A. Kean, Chicago
Beasongood & Mayer, Cincin...
5.<»63 00 Uenlson, Prior & Co., Cleve... 6.000 00
IiamDrecht Bros. Co.. Cleve
. .
i
.
John Nuveen&
Co.. Chicago... 6,052 00
Securities are in denomination of $1,000; interest will be
payable annually.
Lincoln, Neb.— Bond OffeHng.—We are advised by Thos.
H. Pratt, City Clerk, that proposals will be received until
Nov, 11, 1899, for about $3,<'00 5% paving bonds.
Lincoln Township, Dickinson County, K&n.—Bond Sale.
—This townsbip has sold at par an issue of $.^3,000 5i refunding railroad-aid bonds. Securities are in denominations of
$1,000 and $2,000, and will mature in 1921, but are subject to
call before that date.
Lisbon, Ohio —Bond Sale.— On Oct. 23, 1899, the $4,700 6%
Park Ave. assessment bonds were awarded to Seasoagood &
Mayer, Cincinnati, at 105-56. Bonds mature $900 in 1900,
Far further de1901 and 1902 and $1,000 in 1903 and 1904.
tcription of bonds see Chronicle Oct. 14, p. 818.
Lorain, Ohio.— Bond Q^ermj/.- Proposals will be received
until 13 M. Nov. 29, 1899, by G. A, Resek, City Clerk, for
November
4,
THE CHRONU
1899.]
Mankato, Minn. Bond U^ertwgr.— Proposals will be received until 10 A. M. Nov. 17, 1899, by the City Treasurer for
Securities are in
$12, (00 4% 20-year refunding water bonds.
denomination of $100, dated Jan. 1, 1900. Interest will be
payable semi-annually. A certified check for J500 will be
required with proposals.
$15,000 i% refunding bonds. Securities are in denomination
of $1,000, dated Sept. 1, 1899.
Interest will be payable
March 1 and September 1 at the Cbase National Bank, New
York City, and the principal will mature Sept. 1, 1919.
deposit of $500 in either money or a certified check on some
bank in Lorain must accompany proposals. Bids must be
made in blank form furnished by the City Clerk.
LonisYille, Ky. Bond Election.
are advised that the
question of issuing the $250,000 3}^% 40 year park bonds, mention of which was made in last week's Chronicle, will be
voted upon at the general election on Nov. 7, 1899.
McEeesport, Pa.— Bonds Proposed.— It has been stated in
some of the papers that the Borouerh Council has voted to
issue $40,000 improvement bonds.
Upon inquiry we learn
that as a pr^limmary step a blank ordinance has been introduced into Councils, which body referred it to the Finance
Committee, where it now awaits action.
Maiden, Mass. Bond Offering. Proposals will be received
until 9 p. M. Nov. 7, 1899, by Geo. Hitchcock, City Treasurer, for the following bonds, amounting in all to $68,800
A
Marmaton Township, Allen Conntj,Kan.— Bonds Issued.
—This township has issued $20,000 4^10 20-year (optional) re-
— We
funding railroad-aid bonds.
of $1,000.
:
$36,000 4^ 20 year water bonds, in denomination of $1,000 and dated July],
1899.
20.000 i% 2 -year park bonds, in denomination of $1,000 and dated July 3, 1 809.
6,000 3>6« l-.'i year (serial) paving bonds, in denomination of $1,000 and
1,
1899.
2,500 3*. % cemetery bond, in denomination of $2.E00, dated June 1. 1889, and
maturing June 1, 1900.
5,300 3)f% 14-year school bonds, in denomination of $1,325 and dated July
Raymond
Interest on the above bonds will be payable semi-annually
at the National Bank of Redemption, Boston.
Maoiton, Colo.— jBids.— Following are the bids received
for the $25,(i0tt 5% refunding bonds awarded (as stated in the
Chronicle Oct. 21) to E. H. Rollins
Sons, Boston, at
E. H. Rollins &!5on8.Boston.»$26,066 50
& Sons, Cleve. +26,631 uO
D . • tiayes
urlggs.
Todd & Co., Cincin.. 1.6,100 00
.
_*
^
Seasoneood
20,2 2 00
$20,080 00
Bank, Monroe
Lamprecht Bros. Co.. Cleve.. 20,049 00
N.
20,108 00
Denison, Prior
F.
Baby, Detroit... $20,325 00
& Mayer. Oin
W. Harris & Co. Chicago.
I
New London, Conn.— Bowd
I
Ohio State University
4K^ REFUNDING BONDS.
OFFICK of THK BoAKI) op TTTJSTEEia.
9, 1899.
)
S
SEALED PROPOSALS will be received by the Board
of Trustees of the Ohio State University, at their
Columbus, Ohio, until 12 o'clock noon on
Thursday, November 9, 1899, for the purchase of $30,000 of iH per cent ref unaiug bonds, issued by virtue
of an Act of the Generul Assembly of the State of
Ohio, passed April 23, 1898, and ihe proceedings of
the Board of Trustees thereunder, dated September
21, 1S99, tor the purpose of taking up a like amount
of 4H per cent certificates of indebtedness, falling
office, in
due December 1, 1899. Kach bond will be of the denomination of $1,000 and dated December 1, 1899,
with interest, payable semi annually June 1 and December 1. both princi al and interest payable at the
Clinton National Bank, Columbus, Ohio, said bonds
to be payable without op'ion as follows: $10,000
December I, lifOS, and *2i).000 December 1 1906.
Said bonds to be paid for and delivered at Colum"^;ii°'°' '^it'i'" twenty days from date of sale.
Bidders
will be required, before filing their bids, to
Hl,^?*i?H?'* *** *" '^'"" 'egalii y of the is8..e. and to de
P0«ltf 1,000 in currency with the Treasurer of the
Uniirerslty at tiie 0>.lo National Bank. Columbus,
unio, a- annaranteethat said bonds will be taken up
and paid tor within the sptcifled time.
Said bomi.s will not be sold for less than the
face
thereof, with interest that has accrued thereon
at
dateof deliver>.and ihe Hoard of Trustees reseives
the right o reject anv or all bids.
i or fuller statement of i be same, address
ALEXIS COPE. Secretary.
Columbus, Ohio.
i
Railroad
Co.
New
City of
E. H.
19
1941.
ROLLINS & SONS,
niII..K
STREET, BOSTON.
WATER BONDS.
FORT WAYNE, INDIANA,
332^
PRICE AND DESCRIPTIVE CIRCULAR UPON
APPLICATION.
All Proposals should be addressed to the undersigned, d 'uarkal
Pi- },>>! ii
for Water Bonds."
"
No
Proposal less than par value will be considered.
B. A. ARMSTRONG,
Prest. Board of Water Commissioners,
City Hall Building,
New London, Conn.
WE OWN AND OFFER FOR SALE
8100,000
CITYofTOPEKA,KANSAS,
Maturine
in
1
,
-i,
3. 4, 5, 6, 7, 8,
Assessed value, $8.8=4,794
ROBERTS &
31
NASSAU STREET,
-
EAST THIRD
ST.
NASSAU
1
State of "Xaoti acta n setts
City of !>Ialden. Mass
BuBton Tfiiiiinal Co
N. V Central A H. R.
ST,
3s
4»
3}^
RR
Illinois Central, Western lilnes
3j|»
.
48
Beech Creek RR. 1st itiortgHge
4a
(Prin.anrt int. guar, by N.T. Central & H. R. RR.)
Chlrago Rock Islimd & Pncific
48
Baltimore & 4lhio 1st uiortKage
48
West End St. Ry
4J^»
Cincinnati Edison Electric Co
-Its
Perry, Coffin
&
Burr,
60 State Street, Boston.
WE
DESIRE TO BUY
;
SHEPARD
WE
Arizona Territorial
OFFER, SUBJEl T TO SALE,
SIOO,000
Specialists in
50-Yenr Gold 5 Per Cent
Bonds at 105 und Interest.
First iHtue.
EDWD.
C.
JONES &
YORK,
PHILADELPHIA,
1
Southern and Western Bonds,
STREET,
1SEW
-
NEW YORK
YORK.
CITY
IVON-TAXABLi:
NASSAU STREET.
CHESTNUT ST.
^\0,
421
COODE &CO.
Netting from 4 to
15
\%AL.L.
CO.,
ItVARRAJWTS
.5s.
ROSENBERGER & LIVER MORE,
40
Hudson County, N". J. Gas Co.
CO.,
NEW VORK.
35
Fort Wot tli. Texas, Bonds,
Cuthbert, ^Jeorgia, 6s.
Price and full particulars on application. Memphis. Tenn.. Bonds,
Alabama State 4s,
E. D.
<& CO.,
Loui.»iaua State 4s,
31 NASSAU STREET,
XEWVORK. St«te of Florida Bonds,
HIGH-GRABE
STERLING CITY,
CO.,
NEW YORK,
real value, $'29.if 0.000
total debt Sept. 22, 18»P, $42I.Si5.— No floating debt.
Population, census 1898, 32,051.
C. R.
are requested to communicate with
9 and 10
Years.
&
BRIGGS, TODD
CINCINNATI, OHIO,
i}4^ Internal Improrement Bonds,
Holders of defaulted bonds of
LAKE COUNTY,
CHAFFEE COUNTY,
REFUNDING BONDS.
cut.
NEW
Defaulted Colorado Bonds.
8320,000
London, Conn.,
Sealed Proposals will be received at the ofiBce of
the Board of Water Commissioners until Deceaaber
20th, 1899, at 12 o'clock M., for the purchase of all or
any part of $225,000 21 -year 3^3 per cent Refundintj
Water Bonds of the City of New London, Connecti-
First Mortgage ^}4% Gold Bonds,
1,
N y E STME N TS.
NE
LO AN.
W
!8i3t/,OOo
Octobek
O^ertngr. —Proposals will
12 m. Dec. 20, 1899,
NEW^LOANS.
DUE JUL^
00
be
by the Board of Water
Commissioners, B. A. Armstrong, President, for $225,000
314% 2C-year refunding water bonds.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
received until
Securities are in denomination of $1,000, dated Nov. 1.
Interest will be payable semi-annually at the office of
the Town Treasurer. Principal will mature Nov. 1, 1929,
subject to call after Nov. l, 1914.
Rutland
Co., Cleve.. 20,000
|
1899.
<).,
&
—
X Bid
T.-^*"., "'^^^
+
rejected.
Columbus,
First Nat.
1
—
.
—TS"
—We
voted to issue $12,500 bridge bonds.
Moant Pleasant, Pa. Bond Election. An election will
be hf Id on Nov. 7, 1899, at which the question of issuing
$7,000 4% refunding bonds will be voted upon.
N. W. Harris & Co., Chicago. $25,579 00
D. Wilson Moore
25,600 00
Seasoniiood & Mayer. Cincln. 26,46i 75
IC.M.Seaman
25.28126
^
*>* printing bonds and other considerations in addition to bid.
.
—
For description of bonds see Chronicle Oct. 14, p. 818.
M<»rri8, III. Bonds Voted.
At a recent election this town
&
104262:
Securities are in denomination
Mattoon, 111. Bonds to he Agnin Offered for Sole.
are advised that the $15,000 ii 20 year refunding bonds for
which all bids received on Oct. 17, 1899, were rejected will
again be offered for sale early next year.
Middlesborongh, Kj.— Bonds Proposed.— It is stated that
this city is considering the issuance of $150,000 refunding
bonds.
Middletown, Ohio. Bonds AutJwrized.—The City Council
on Oct. 27, 1899, authorized the issuance of $25,000 314% 20year park- improvement bonds. Interest will be payable
semi-annually.
Monroe, Mich.— Bond Sale.— On Oct. 23, 1899, the $20,000
4% 1-10 year (serial) electric-light bonds were awarded to
Raymond F. Baby, Detroit, at 101*625. Following are the
hida
—
dated June
975
I.E.
BONDS.
SEND FOR CIRCL'LAR.
Farson,
Leach
&
Company
§<e.
WALL STREET NEW YORK.
33
NASSAU STREET,
.
NEW YORK
THE CHRONICLE.
976
New York
City.
— Bond
O^erwgr.— Proposals will be
4^.— Bond Sale.— On
1899, the $5,000 4% 1-5 year school bonds were
to the Oneida Savings Bank at 10r398. Following
Oneida (N. Y.) School District No.
re-
ceived nntil 2 p. M. Nov. 16, 1899, by Bird S. Coler, City
Comptroller, for $4,765,000 S}4% gold corporate stock, as fol-
Oct.
lows
are the bids
:
$500,000 stock for a new Hall of Records, maturing Nov. 1. 1920.
1,000,000 stock for the Department of Docks and Ferries, maturing Nov.
1929.
350,000 stock for sanitary protection, maturing Nov. 1, 1919.
1.000,000 stock for new aqueduct, maturing Oct. 1, 1919.
1.365.001 stock for public park,
maturing Nov.
1,
1929.
Interest on these bonds will be payable May 1 and November 1, except the aqueduct bonds, which will be payable
April 1 and October 1. Either money or a certified check
drawn to the order of the City Comptroller upon one of the
State or national banks of New York City for 3j^ of the par
value of stock bid for must accomp ^ny proposals. The
above stock is free from all taxation in the State of New
York except for State purposes.
Bonds Authorized. — On Oct. 31, 1899, the Board of Aldermen authorized the issuance of $250,000 bonds for the erectiou of the Sol iiers' and Sailois' Monument.
North Washington, Pa. Bond Sale. We are advised by
O. P. Baker, Borough Secretary, that $10,000 4% bonds were
sold about the first of October.
Norwood, Ohio.— Bond Q^ennflf.— Proposals will be received until 12 M Nov. 27, 1899, by W. E Wichgar. Village
Clerk, at the office of Wm, R. Collins, Room 505 Johnston
Building, Cincinnati, for $868 62 6% 1-10-year Ridgeway
Avenue improvement bonds. Securities are dated Nov. 2,
1899.
Bids must be accompanied by certified check for 5% of
gross amount of bonds, payable to order of Village Clerk.
—
—
Ohio State University. Bond Offering, Attention is
called to the official advertisement elsewhere in this Depart-
same
posals for the
refunding bonds.
will be received until 12 m.
Nov.
Pro1899,
9,
awarded
UiicaTrust* Deposit Co
stock for Fire Department purposes, maturing Nov. 1, 1929.
250,000 stock for additional water supply, maturing Nov. 1, 1919.
for bids for $30,000 4i.<^
30,
Oneida Savings Bank
1,
.SOO.OOO
ment asking
[Vol. LXIX.
A
by Alexis Cope, Secretary, at Columbus, Ohio.
full description of the bonds was given in the Chronicle Oct. 31,
p. 868,
Jose, Parker
& Co.,
Boston.
.
. .
.
$5,089 90
1
50
1
5,0.i6
5,039 65
1897.
2,
Due
Auff. 4,
1912.
Bonded Debt
Gross earnings for
fiscal
9u,<'0<i
year ending Aug.
.
I
.
1
Bids were also received from The Lamprecht Bros. Co.,
Cleveland and Meyer & Kiser of Indianapolis.
Remington Ind.— Bond Offering.— ProTpos&ls will be received until 7 p. M. Nov. 17, 1899, by Ammon Beasley, Town
,
Clerk, for $2,274 96 G% 1-10-year (serial) street-improvement bonds. Interest on these bonds will be payable semiannually.
Rochester, N. Y. Temporary Loan.— This city has negotiated a loan of $430,000 with Dunscomb
Jennison, New
York. Loan bears 5% interest and will mature in six months.
Rocliwell, Iowa.— Bond Ojfermgr.— Proposals will be received until 8 p. M. Nov. 20, 1899, by J. E. Redding, Town
Clerk, for $5,500 4% 10-20-year (optional) bonds. Securities
are in denomination of $500; interest will be payable semiannually.
certified check for 5% of the gross aimount bid,
payable to the Town of Rockwell, will be required.
Savannah (Mo.) School District —Bona Offering. Proposals will be received until 12 m. Nov, 11, 1899, for $9,000
4]4% school- building bonds. Securities are in denomination
of $750, and will mature one bond yearly on February 1
from 1901 to 1912, inclusive.
&
A
—
MUNICIPAL BONDS,
l8t Nat.
18P9
.§71,396 53
Operat ing expenses, interest on bonded debt,
salaries, etc
53.165 46
Bank Bldg.
•
CEICAeO
•
INVESTMENTS.
$41,000,000
fiscal
fiscal
year 18F9
year 1898
$18,231 07
4.548 26
Surplus increase 13P9 over 1898
§13,682 82
We ofler a limited amount at 102l<5 and interest,
netting 5K^. Full data on application.
C. H.
WHITE &
CO.,
BROADWAY. NEW YO RK.
MUNICIPAL BONDS.
ADAMS & COMPANY
DBAIiBRS IN
UTAH MINING STOCKS.
Flrat National
of Boston Stock Bzohange,!
No. 7 Congress and 81 State Streets,
CONWAY &
P. J.
CO. S*^"
Cnit T-te
"^^'^^^^^ Titv
^"7' ntah
Investment Bankers,
MASON, LEWIS
&
Co.,
Congress Street, Boston.
New York.
STATE, CITY & RAILROAD BONDi<
F.
R.FULTON & CO.,
Municipal Bonds,
171
BalldJng,
BOSTON,
MUNICIPAL
RAILROAD
CORPORATION
60 DeTonshlre St.
^^..^-^
BONDS^'^^-''^"
Choice Issues.
Street
Railway and Gas Companies.
L.IST ON APPIilCATION.
THE
Lamprecht Bros. Co.
CLEVELAND, OHIO,
Century Building,
DEALERS IN
MUNICIPAL, RAILROAD,
STREET RAILWAY & CORPORATION
BONDS.
MUNICIPAL BONDS.
Securities Netting from S}4 to Qi
CO.,
LISTS SENT
UPON REQUEST.
Information given and ouotatlons furnished concerning all classes of stocks and bonds thai have a
Cleveland market.
Bend for our Investment Clronlar.
BANKERS
Street,
Bank
&,
BANKERS
CHICAGO,
Co.,
CHICAGO.
DUKE
13 Wail
&
ALWAYS ON HAND.
BOSTON.
16
Tremble
Devitt,
Quotations
application.
by wire or mail.
solicited.
Reference, First National Bank, Chicago-
INVESTMENT BONDS.
Blodget, Merritt
Chicago.
MUNICIPAL BONDS.
BANKERS/
Members
Bank Bnilding,
Correspondence
BANKERS,
ri
Co.,
INVESTMENT BANKERS,
Ist National
Dividends paW out on
nionadnock Buildintr.
&
Nuveen
John
in
Weekly Marliet Report on
31,
Surplus
Surplus
$5,038 00
. . .
:
lNVESTiyiM|NTS^
San Luis Potosi Electric trowbridge,
MacDonald
Light Company
6% First Mortgage Gold Bonds& NiVER Co.
Optional in niiineiical order.
KnickerbocJier Trust Co., N. Y., Trustee
Capital Stock. ...$100,000
New York
W. Sherrill. Poughkeepsie.. 5.03360
5,023 00
W. J. Hayes & Sons, Cleve.
I.
Phoonix, Ariz. Bond Election Proposed.— The City Council has under consideration a resolution calling an election
for the purpose of voting upon the issuance of $200,000 5% 30year water bonds and $115,000 5% 30-year sewer bonds. The
question of issuing $265,000 water and sewer bonds was submitted to a vote of the people last January, but the proposition met with defeat.
Portland, mch.— Bond Sale.— On Oct 20, 1899, the $20,000 water- works bonds (all bids for which were rejected on
Oct. 16) were awarded to Devitt, Tremble & Co., Chicago,
at 100 625 and accrued interest for 4% bonds. Following are
the bids received for 4% bonds
Devitt, Tremble « Co.. Chic. $20,126 00 Ravmond F. Babv, Detroit. .$20,026 00
Mich. Millers' Mut. Ins. Co. 20,125 00 Seasongood & Mayer, Cincin. 20,000 00
INVESTMENTS^
Dated Aug.
I
Geo. M. Hahn,
la salle street,
CHICAGO.
M.
FARSON.
ilaniolpal Bonds.
18'J
Banker,
Dearborn Hire*l
Whann &
(CHICAGO.
SPITZER & CO^
[Established
1871.1
DEALERS
MUNICIPAL
Investment Securities,
Making a
Specialty of
iVIunicipal Bonds.
20 NASSAU STREET, NEW YORK.
71
BROADWAY
RAILROAD
NEW YORK.
IVIUNICIPAL BONDS.
Co.,
E. C. Stanwood
&
Western
Spitzer Building, Toledo, Ohio.
and
IN
securities.
BANKERS,
Dealers in High-Grade
Schleslnger,
HANKERS.
121
Devonshire Street,
BOSTON.
November
THE CHRONICLK
1899.]
4,
South Nyack, N. Y.—Bond Sale.— On Oct. 30, 1899, the
13,000 2-7 year (serial) sewer bonds were awarded to Geo.
)l. Hahn, New York, at
10003 for 3i^^ bonds. Other bids
eceived were W. J. Hayes
Sons, Cleveland, at 101-20 and
J. H. White & Co., New York, at 101-58, both bids being for
% bonds. For description of bonds see Chronicle Oct. 21,
977
Welling'ton, Kan. Bonds Proposed.— It has been stated
that this city is considering the issuance of bonds for water
works. In reply to our inquiries we are advised that the city
" has not yet determined on the amount of the water- works
bonds, rate of interest, time or anything of the kind. In
fact they have not yet fully decided to make this issue."
Wellston, Ohio.— Bond Sale.— On Oct. 25, lJ-99, the $9,424 30
5% 1-10-year street-improvement bonds were awarded to Seasongood & Mayer, Cincinnati, at 105 37, Following are the
&
869.
Spencer County, Ini.— Bond Offering.— This county will
receive proposals until about the Ist of January forthe|105,300 funding bonds recently authorized. Bonds will mature bids:
part yearly on Jan. 15, from 1903 to 1916, inclusive. Bonds
Seasoneood &
—
Kuhn &
S.
New
Son5(,
for $15,000 3% general fund refunding bonds. Securiities are issued under authority of Section 2701, Revised
Statutes of Ohio. They are in denomination of $1,000, dated
[Dec. 1, 1899.
Interest will be payable semi-annually at the
Importers'
Traders' National Bank, New York City. Principal will mature Dec. 1, 1919.
deposit of money or a
certified check on some national bank of the city of Toledo
and drawn "without condition as to payment" for 10^ of the
par value of the bonds will be required.
Bonds not Sold.—
are advised that the $60,000 S% bonds
advertised for sale on Oct. 27, 1899, were not sold on that
date. Bonds will be re-advertised for sale.
$505
492
471
377
354
.
.
Cincinnati
1st Nat. B'k, CoUunbus..
Co., Cleve. .
Lamprecht Bros.
.
For description
jitor,
&
Premium.
Mayer, Cincin
Feder, Holzman &Co., Cm..
will be dated Jan. 15, 190O.
Toledo, Ohio.— Bond Offering. Proposals will be received
until 7:30 P M. Nov. 24, 1899, by Geo. U. Roulet, City Aud-
Premium.
Briegs, Todd & Co., Cincin.
R. Kleybolte & Co.. Cincin. ..
First Nat. Bank, Barnesvi]le.
Denison. Prior & Co., Cleve...
8'J
00
21
60
35
.
1
i
—
$350 CO
325 00
201 00
117 70
102 50
.
.
I
A. Kean. Chicago
S.
\
bonds see Chronicle Oct.
of
.
7, p, 767.
Wellsvllle, Ohio. Bids,-— As stated in the Chronicle Oct.
21, 1899, Briggs, Todd
Co., Cincinnati, were awarded on
Oct. 16, 1899, !J25,000
sewer bonds at 105-16.
now
give a full list of the bids received on that day.
BrigRS, Todd & Co., Cincin. .$2fi,290 00 S. Kuhn & Sons, Cincinnati. $25,9.-?2 00
&
H
A
We
.
Lamprecht Bros. Co., Cleve.. 26,250 00 New Ist Nat. B'k, Columbus.. 25,812 60
Seasongood & Mayer, Cincin. 26,157 50 R. Kleybolte & Co.. Cincin... 25,766 00
.
Veder. Holzman & Co.,Cin... 26,100 00
W. F. Jones, Attorney
26,097 60
Denisiin, Prior
&
Co., Cleve.
.
W.J. Hayes & Sons, Cleve...
25.515 00
25,500 00
We
Whittier, Cal. Bonds Proposed.— The City Council has
under consideration the issuance of $5,000 water bonds.
Woodbridge (N. J.) School District.— -Bond Offering.
Topeka, Kau.— Bonds Authorized and Sold.— The Cily Proposals will be received until 8 p. m, Nov. 7, 1899, by G. W.
Council has authorized the issuance of $53,8 4 33 paving Ruddy, Chairman of Finance Committee, for $5,000 5^ school
bonds. These bonds, as well as the $43,607 84 A]4% North bonds. Securities are in denomination of $1,000 and will
Topeka sewer bonds mentioned in the Chronicle October 31, mature one bond yearly, beginning in 1915.
1899, are part of the issue of improvement bonds sold last
Youngstown, Ohio. Bond Offerina. Proposals will be reJuly.
ceived until 2 p. m, Nov, 30, 1899, by F. C, Brown. City Clerk,
Waverly, N. Y. No Bonds to be Issued at Present.— It has for $900 5% Cleveland Street sewer and S435 5% Market Street
been stated in some of the papers that the Village Trustees grading bonds. Both issues will bear date of Nov. 37, 1899,
had decided to issue $4,000 bridge bonds. We are advised, and are authorized by city ordinance. Interest will be payhowever, that no such bonds will be issued for at least a year. able semi-annually at the office of the City Treasurer. PrinWaxahachie, Tex.— Bond 0#<?rmsf.— Proposals will be re- cipal will mature yearly on Oct. 1 as follows The Cleveland
ceived until 11 A. M. Nov. 15, 1899, by H. E. Pickett, Mayor, Street bonds $500 in 1901, 1903 and 1903; the Market Street
for from $45,000 to $50,000 4^ 10-40-year (optional) refunding bonds $300 in 1901 and $225 in 1903. Purchasers must be
bonds. Securities are in denomination of $500, dated Nov. 1, prepared to take the bonds not later than Nov. 37, 1899, the
1899.
Interest will be payable annually on May 1. A certi- money to be delivered at one of the city banks or at the office
fied check for $1,000 will be required with proposals.
of the City Treasurer,
—
—
:
MISCELLANEOUS.
MISCELLANEOUS.
OF NEW YORK,
Equitable Building,
Actinc President,
AUGUST BkLMONT.
Manager,
THOMAS
Broadway
Vice-President,
WILLIAM A. NASH,
Chief Consulting Auditor,
GREBNE,
L.
120
STEPHEN LITTLE.
ConsultiUR Engineers,
WM. BARCLAY PARSONS
F. S. PEARSON
FORD, BACON & DAVIS.
Secretary and Treasurer,
EDWARD
T.
PERINE.
DIRECTORS
August Belmont,
Frederic P. Olcott,
James Stlllman,
William A. Nash,
Joseph S. Auerbach,
George G. Haven,
George
A. J. Cassatt,
Marcellus Hartley,
Charles R. Flint,
George Coppell
G. B. M. Harvey.
United States Life
Insurance Co.
IN JCHE
CITY OF
J uilllurd,
Henry W. Poor,
Louis Fitzgerald,
GuBtav. E. Kissel,
Isaac N^. Sellgman,
E. R. Chapman.
CO
All Policlea noi^ Issued br this Compani
eontaln the follo\rlnK clausei
"After one year from the date of Isane. the
liability of the Company under this polloT
hall not be dieiputed."
During 1^98 the Company made material
Increase In Income, assets and surplusi and
can thus claim a substantial gain In the
most Important elements ot safety and pros*
ress.
cordage!
<
NEW YORK.
I
sg^t; SPECIALTIES.^
THE AMERICAN
MANUFACTURING
COMPANY,
WITHOUT
G3
Active and Successful Agents, toishing to represent this Company, may communicate with
E. C00HRAN,3dVice-Pr€»ident,
at the Home Office, abi Broadway, New York.
RICHARD
WAZr
eEORGE
H.
BURFORO
accounts and flnancial condition of corporations,
copartnerships, and mdividuals, and examines and
reports upon the physical condition of railroad, manBfacturtng and other properties.
Its services are of value to investors, financial institutions, borrowers of money, directors of corporations, merchants, firms, and purchasers of properties
880 —
TOJtK.
1
RETIEW
THE FINANCIAL
Gives a monthly range of Stock and Bond Prices
Actuary
for five years.
1880-1884
gives
1884-1888
gives
1889-1893
gives
1894-1W8
gives
PRICE, $2 PER COPT.
Cashlei
Medical Dlroctoi
1885
1889
1894
1899
:
Issue
issue
issue
issue
Pres. Chem. Nat. Bank
WILLIAMS
JOHN J.TUCKER
Bulldej
B. H. PERKINS, JB. .Pres. Imp. k, Traders' Nat. B k
JAMES R. PLUM
Leath
WILLIAIM B.DANA COMPANY, 76^ Pine St., N.V
GEO.
G.
The Mutual
LIFE INSURANCE
CO.,
AMZI DODD,
Benefit
NEWARK,
N. J.
FOR SALE.
President.
j
A.ssets (Market Values) Jan. 1. 1899.... $67,096,602 40
Liabilities (N. J. and N. Y. Standard).. 61,702,412 69
surplus
5,894,189 71
SECOND-HAND SET
I
'
CHRONICLE
1S78
POLICIES ABSOLUTELY NON-FORPEITABLi: AFTEB
SECOND TEAR.
SECURE BANK VAULTS.
NEW
8 9 8.
OUR ANNUAL
1
President
Vlct-Presidenl
2d Vice-President
8d Vice-President
Secretary
Assistant secretary
FINANCB COMMITTKK
STJtJEET,
RANGE OF PRICES.
orFicsBS:
GEO. G.WILLIAMS
O
H
E
CO
.
The Audit Company examines and reports on the
U
A X A
CO
All Death Claims paid
DISsoon as satlsfactorT proofs have
been received.
COUNT as
C. P. FR ALEIGH
John I. Waterbury,
RICHARD E. COCHRAN....
W. Young.
A. WHEELWRIGHT
L. KENWAY
ADVISORY COMMITT BE OF STOCKHOLDERS. J.
WILLIAM T. STANDBN
W. B&rard Cutting
T. Jefferson Coolidge, Jr.,
ARTHUR C. PERRY
Walter Q. Oakmaa
JOHNP.MUNN
Charles S. Kairchlld,
A. D.
TRAXSMISSIOX ROPE.
1899
1850.
The Audit Company The
MISCELLANEOUS.
In CASE OF LAPSE the Insurance Is continued in
FORCE as long as the value of the Policy will pay for;
or, if preferred, a Cash or Paid-up Policy Value fs alowed.
Alter the second year Policies are Incontestable,
and oil restricticms as to residence, travel or occupa-
-
-
-
1890.
13 years, 26 vols.
WM.
B.
DANA COMPANY,
76^ PINE
ST.,
NEW YORK.
tion are removed.
The Company agrees In the Policy to Loan up to
the Cash Surrender Value when a satisfactory assignment of the Policy is made as collateral security.
Losses paid immediately upon comDletion and approval of proofs.
GENUINE
WELDED CHROME STEEL AND IRON
WM. FRANKLIN HALL
Accountant,
Round and
Flat Bars and 5-pl j Plates and Angles
FOR SAFES, VAULTS, Ac.
Cannot be Sawed Cut, or drilled, and positively
Burglar Proof.
CHROME
STEEL.
WORKS,
Kent Ave. Reap and Hooper Sts.,
Sole Man'f 'ers in the U. S.
BROOKLYN, N.T.
Cxchano'e Building,
53 State Street,
BMks
The FinancialReview
ANNUAL
lasuea from 1885 to 1899, 15 toIs., 825.
Single numbers, $2 a copy.
BOSTON. MASS
audited. Examinations and investi^a
dons conducted with the i tmost care
and efficiency.
WM.
B.
DANA COMPANY
76X Pine
8t.,
New
York.
THE CHRONICLE.
978
nuktxs vend ^voUtvs @ut
CHICAGO.
CHICAGO.
&
WESTERN UNION BUILDINQ,
Board of Trade,
128-148
CHICAGO,
T
New
§treet,
New
-
STAHL & STRAUB,
BANKERS AND BROKERS,
CHESTNUT
607
PHILADELPHIA.
ST.,
A
9RAIN, PROVISIONS and COTTON.
Siooks, Grain and Provisions,
2
PIHmLADiy^J^^
Co.,
BONDS,
STOCKS AND
Co.,
^extr W^ovlk.
&
Bartlett, Frazier
Schwartz, Dupee
fxf
[Vol. LXIX.
JACKSON
Private wires to
ST.,
General Banking Business Transacted.
Investment Securities Bought and Sold.
Interest Allowed on Deposits.
Members of Phila. Stock Exchange and connected
by direct wire with New Tork and other points.
CHICAGO.
markets.
all principal
W.
E.
York.
&
Clark
Co.,
BANKERS AND BROKERS,
<}
pedal attention inrited to onr Stocks
and Bonds Department.
No. 139 South Fourth
PHIIiADELPIIIA.
St.,
Transact a general banking business.
terest
Allow in-
on deposits
Members of the Philadelphia and New Tork Stook
Jamieson & Co.,
STOCKS—BOUfDS,
CHICAGO,
G. HoPPMR,
u. a. UuPPia,
Members of Philadelphia Stook Exchange.
Wm.
L. Lobdell,
IL.L..
SUBSCRIPTION PRICKS.
CHICAGO.
Giaa,
Co.
PITTSBURG, PA.
Members
UlITBaBS or THI
NEW TORK STOCK EXCHANGE.
PHILADELPHIA STOCK EZCHANGH,
PITTSBURG EXCHANGE (3 MEMBERS),
CHICAGO STOCK EXCHANGE,
CHICAGO BOARD OF TRADE.
PITTSBURG, PA
BANKERS AND BROKERS,
FOURTH AVENUE.
Oldest Pittsburg
Members N. T. Stock Exchange.
409 Olive
Street,
-
St. Louis,
BROKER AND DEALER
EDWAKD3 WHITAKER.
Whitaker
IN
CHAKLKS HODOMAN.
& Hodgman,
BOND AND STOCK BROKERS,
300 Nortli Fourth
John W.
CINCINNATI.
W.
&
Hutton
E.
Co.,
BROKERS,
13 and 15 East Third Street,
CINCINNATI, OHIO.
Execute orders on commission
of Cincinnati and
W.
vicinity.
&
Seasongood
S.
in all local securities
Mayer,
Corner Third and 1i¥alnut Streets.
CINCINNATI, OHIO.
VIRGIIVIA.
MUNICIPAL BONDS.
1860.
Dickey,
High-Grade
Town and
City, County,
School Bonds,
issued In leading prosperous States of the Union, especially adapted tor safe and permanent Investment
For Estates and Trust Funds.
Irwin, Ballmann
&
Co.,
Brokers and Dealers In
AUGUSTA, GA.
SOUTHERN SECURITIES.
Cincinnati Bonds and Stocks,
PACIFIC COAST.
EASTERN.
Street,
Edward Poluti
St. Goar,
Members Stock and Bond Eicharge.
Henbt
Edward
OBRONICLE
VOI^UrWES FOR SALE.
1866 TO DATE.
DANA COMPANY,
riNE, ST.. CORNER PEARL. ST., NY.
Pollitz
&
37 East Third
St.,
Cincinnati,
Hawaiian Sugar Stocks a Specia/i/.
403 California
Street,
SAN FRANCISCO. CAL.
Ladd
&
OhU.
&
Clark,
BANKERS,
85 Exchange Street, ProTidence, B.
1.
Bond!
Transact a general banking
Commercial Pape
Stocks and Local Securities.
bought and sold on commission. Private wires to
New York. Boston and PhlladelDhls
business.
Tilton,
BANKERS.
PORTLAND, OREGON.
Tranaaet
Richardson
Co.,
STOCK AND BOND BROKERS.
ST. LOUIS.
IVTI.L.IAl?! B.
Long Distance Telephone.
Mo.
BONDS AND STOCKS.
ST. LOUIS
Co.,
Streets,
PHILADELPHIA.
BROKER,
KOTANY,
M.
&
Correspondence solicited and information furnished about Southern State, Municipal and Railroad Investment Securities.
Reference— Bank of New Tork, N. B. A.
ST. LOUIS.
tf^MAi^AMw
Brond and Chestnut
BANKERS.
ESTABLISHED
Stephenson,
Stock Exchanges
Stocks, Bonds and iDvestment Securities,
70212 & 703 GIRARD BUILDING,
of Baltimore Stock Exchange.
RICHMOND,
ESTABLISHED 1?7L
No. *09
Co.,
SOUTHERN INTESTMENT8.
Davenport & Co.,
BANKERS AND BROKERS,
Bank of New Tork. N. B. A,
First National Bank of Philadelphia.
&
&
Bankers and Brokers
PITTSBURG, PA.
New Tork
Members Philadelphia Stock Exchange,
NORFOLK, VA.
00RRESP0NDBNT8
and
Phlla.
aegotlated.
Sons,
HDILiDIMCI.
1867.
illO East Baltimore Street, Baltlmor*.
Investment and Miscellaneous Secarities a speo
laity, and whole issues handled.
Exceptional facilities for dealings in all classes oi
Bonthern Bonds. Loans on Collateral Seooritiei
BANKERS.
Whitney
"
Mottu, de Witt
Co.,
PHILADELPHIA.
Member!
Batabilshed 1802.
Wilson, Colston
T8 F<>URTIf AVENTJK,
&
Smith
CLARK & HOLDEN,
SOUTHERN.
&
&
BOURSE
Railway and other High-Grade
Corporation Securities.
William Wilson & Sons,
WILSON. Colston & Co..
B.
160.
BANKERS AND BROKERS
Street
PITTSBURG.
N. Holmes
Edward
CHICAGO.
PRIVATE WIRES.
Henry Sproul
Co.,
BANKERS & FINANCIAL AGENTS
171 L.A SALIiE STREET,
Banker and Brokeri
The Rookery.
&
P. Odell
J.
Co.,
28 South Third Street, Philadelphia
BONDS ADVERTISED on the market iupplied at
Telephone
John
&
G. Hopper
,
Edwin
New
STOCK AND BOND BROKERS,
Members New Tork Stock Exchange, Chicago
Stock Exchange asd Chicago Board of Trade.
New Tork and Philadelphia.
Exchanges, and connected bv private wire with
Tork.
W
119-117 L.A 8AIiL.E STJtEET.
Chlcaar*, Ills.
.^
Co.,
BANKKRS AND BROKERS,
M«mben New Tork and ChlcaKO Stock BzohaDges,
169 liA 8AL.I.E STREET,
PriTate wire to
&
A. O. Slaughter
BBTABLISHBD in 1860.
Bankinc Bnalnosa.
a General
COLLIOTIONS GiVKf BPBOIAX ATTINTIOH
Chronicle
Numbers Wanted.
Issues of Jan. 21. 28, I8»».
Investors' Supplement, Jan.. 1809.
pay 16 cents a copy for the above.
wm
WILLIAM
B.
DANA COMPANT
7e^ Pine Street.
@FedFRASER