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pitanrml
mmt0^
witiail^ffirnnidf
Supplement
Quotation
Street Kailwdy Supplement
(Monihi^
Investors Supplement (quaneriy)
State and
[Eatered acoording to Act of Congress, In the year 1899, by the Willlvm B.
YOL
Ci^ Supplement ^Annuai^
Dana Company,
SATURDAY. OCTOBER
69.
in the office of the Librarian of Congress.]
NO. 1792.
28, 1899.
Week ending
Clearings
at—
Terms of Subscription— Payable in Adrance
New York
:
$10 00
For One Year
6 00
For Six Months
12 00
European Subscription (including postage)
7 00
European Subscription Sir Months (including postage)....
JI2 lOs.
Annual Subscription in London (including postage)
Six Mos.
do.
do.
do.
ill 10s.
Above subscription includes—
Stbeet Railway Supplbmknt
Thb Quotation sdpplembnt
State and City Supplement
Thb Investors' Supplement
Terms of Adrertising—(Per Inch Space.)
$4 20 Three Months (13 tlmes)..$29 00
Transient maUer
I
|
Six Months
•TAin>INO business 0ARD8.
Two Months
(8
times) .. 22 00
Twelve Months
(26
(52
"
"
)..
)..
50 00
87 00
202,533,092
97,028,606
44.088,988
21,377,424
5,776,992
2,724.198
2,032.935
1.199,230
1,318,492
1,022,049
429,000
Philadelphia...
PittsbutK
Baltimore
Buffalo
Washington.
Rochester
Syracuse
Scranton
.
.
Wilmington....
Binghamton
Total Middle.
1,379.531.0061
Boston
Providence
Hartford
New Haven
SpriDgfleld
,
Worcester
Portland
Fall River
London Agents:
Messrs. Edwards & Smith, 1 Drapers' Gardens, E. C, will take sub•oriptlons and advertisements, and supply single copies of the paper
»t Is. each.
DANA OOdlPANT, Pabllshers,
Ptne Street, Corner of Pearl Street,
NfiTr YORK.
Post Office Box 958.
\ril.L.IAin B.
Lowell
New
Bedford..,
Tota NewEng..
Chicago
CiDcinnaM
Detroit
Cleveland
Milwaukee.
Columbus
ladianapolis
Peoria
CLEARING HOUSE RETURNS.
Toledo
,....
Grand Rapids
Dayton
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, Oct. 28, have
been $1,807,749,529, against $1,957,376,463 last week and
$1,323,479,684 the corresponding week of last year.
Evansville
Youngsto wn
-
Springfield, 111
Lexington
,
Akron
Kalamazoo
Saginaw
Rockford
,
,
,
Springfield, Ohio..,
Canton
Week Ending
Clearings.
Retwrns by Telegraph.
Now
1898.
P. Cent.
Portland
Los Angeles
York....
Boston
Philadelphia.
Baltimore
Chicago
St. Loots
New
1899.
,
Tot. Mid. West'n.
San Francisco
Salt Lake City
October 28.
Orleans.
Seven cities, 5 days
Other cities, 5 days
Total
all cities,
11 cities, 1
¥901,854,359
115,677,886
77,308,829
31,9ie,076
115,474,816
37,183,963
8,783,435
$648,503,064
90,827,167
44,656,051
16,861,236
94,899,359
35,341,054
6,351,461
+39-1
+27-4
+73*1
+30-2
+21-7
+7-3
+40-5
$1,268,344,334
319,488,794
$937,338,899
165,477,874
+36-8
+32-6
Seattle
Spokane
Helena
Fargo
Sioux Falls
Total Paciflo
Kansas City
Minneapolis
Omaha
,
5 days.
day
$1,487,733,188
323,016,401
$1,098,815,572
330,664,113
+36-1
+39-6
St.
Paul
The
all cities
for week.
$1,809,749,539
i
$1,333,479,681
+36-7
the week covered by the
above statement will be given next Saturday. We cannot,
of course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, Oct. 21, and the results for the corresponding
week in 1898, 1897 and 1896 are also given. In comparison
with the preceding week there is an increase in the
aggregate exchanges of
one hundred and
eighteen
million dollars, the gain at New York being thirtyseven millions. Contrasted with the week of 1898 the
total for the whole country shows an incre&se of 45-6 per
cent. Compared with the week of 1897 the current returns
record a gain of 51-9 per cent, and the excess over 1896 is 92-5
per cent. Outside of New York the increase over 1898 Is 37-1
per cent, The excess over 1897 reaches 44*0 per cent, and
making comparison with 1896 the gain is seen to be 67*1 p. o.
full details of clearings for
,
Denver
Joseph
Des Moines
Davenport
Sioux City
St.
Topeka
Total
,
Wichita
,
,
,
,
,
,
Fremont
Hastings
Tof. other West.
St. Louis
New
Orleans
Louisville
,
,
,
Galveston
Houston
Savannah
Richmond
Memphis
Atlanta
iNashville
,
Norfolk
Augusta
Knoxville
Fort Worth
Birmingham
Macon
Little Bock
,
,
,
,
-1-60-9
125,975,384
107,808,7801
12,859,200
7,451,513
9,086,158
5,146,726
4,617,7001
2,725,981
1,742,479
1,540,404
--34-8
--20-7
--12-2
--33-1
--24-9
--25-9
- -32-0
--22-0
102.807,821
12,117,450
7,003.908
476 000
397,064
369,591
274.994
306,506
274,166
208,562.168
20,497,462
2,479,318
2,299,746
948,796
867,441
770,579
343,969
400,000
398,035
324,200
315,852
259,126
209,987
156.752
194,272
158,167,9501'
16,929,472'
1,800,037,
2,336,443
1,342,6841
1,575,578{
1,036,9481
917,337!
Vancouver
Total Canada....
*
Not Included
-I-69-1
-t-12-5
—2-9
-I-10-8
-17-6
-1-9-1
-
-
-53-3
-31-3
-25-2
-53-0
-5-3
-22-9
--46-8
--20-7
--43-6
-
--31-0
- -95-4
--41-1
-f31-8
-1-211
-1-37.7
-1-6
-1-25-0
-h58-8
31-3
t31-2
-1-8-1
757,923
439,400
124,077
33,606,065
27,339,8991
-t-22-9
16,130,764
15,707.800
6.917,943
6,510,162
4,826,333
3,300,000
1.435,544
938,674
1,228,416
753,703
412,521
143,305
141,987
14,225,846
12,627,177
7,855,341
4-13-4
4-24-4
58,447,152
50,847,056
-1-14-9
34,430,127
30,533.038
7,495,229
6,357,334
5,337.150
4.978.675
4.364,260
2,817,283
2,232,403
1,789,324
1,187,894
1,139,421
1.196.260
415.403
922,060
514.739
633,000
459,402
342,816
201,933
4-12-8
4-48-0
4-38-8
11,094,664:
8,821,432
60
4,327,932
3,857,994
2,888 785
2.437.715
2.509,517
1,450,522
1,518,031
1.135.199
632,158
791,079
700.000
834,000
520,318
374,996;
214,799
29,554,189
In totals.
-i-34-9
4-38-1
—11-9
6,081,237,
-I-7-0
3,895,924
2,125,0081
1,208,654
733,574
972,067
715,281
397,635
89,000
117.322
-1-30-6
14.600,794
8.618,650
2.105.146
1,235,626
775.832
529,816
7,091,170,
5.672,204
3,488,500
2,457,601
1,853,375
1,622,373
806,445
696,795
565,327,294
58,572.964
13,863,955
13,437,374
4,547,101
1,763,556
1,367,769
910,840
896,608
713,535
278.900
313,599
-f31-9
592.583
171,396
2,302.396
1.203,858
711.320
520,086
690,323
900,000
Victoria*
106,952,406
92,152,301
10,258,500
5,475 328
5.256,618
4,378,786
3,250,000
1.846,397
1.501,827
1,342,731
641,160
522,174
857.288:
Winnipeg
John
2,013,933
1,550.910
1,127,510
1.336,505
1,306,171
921,231
504,906
768,346
-f-50-9
120,875,152'
14,081.2071
9.835.322
St.
8,088,-^00
2,318,943
1,593,533
1,476,300
1,709,895
1,436,748
901,226
1,061,530
757.635
4-34-8
4-16-9
194,518,204
145,304.450
15,518,100
8.361,713
12.097,260
6,429,358
5,813.500
3.597,713
2,126,295
2,361,665
1,245.885
1,086,855
1,178,208
325,664
527,773
489,408
Montreal
Toronto
Halifax
8,73.S,500
-1-29-5
1-0
-f-34-2
-15-7
—14-6
848,340
949,046
Chatt anooga
Jacksonville
72,317,124
Total Southern...
82,909.957
Total all
|1 .957,376,463 1,344,062,509
550.731,944
Outside N. York.
754.843,371
Hamilton
4-30-5
-1-3-1
-1-1
102,678,8241
7,231,800
2,213,024
1,566,740
1,511,025
1,506,520
1,512,545
4,172,
,
661.709.896
89,335,694
+7-9
-f-30-1
4-31-1
,
1896.
764,598.108
68.368,017
17.489,324
16,144,050
4,817,905
1,988,748
1,486.112
1,062.868
902,909
758,442
326,600
877,943,074
105,963,074
4-36-3
-(-138-2
2,077,0321
1,971,785
1,080,856
982,140!
1897.
173,612,659
9,436,800
2,866,906
1,762.248
1.467.082
1,668,525
1,245,061
925,775
800,530
732.618
1,677,606
2,502,966
1,360,782
1,204,772
819,434
Tacoma
+51.6
793.330,565
71,190,164
18,510,727
19,806,882
4,439,235
758,442
367,500
914,515,328
October 21.
1899
P. Cent.
18S^
1899.
PUBLISHED WEEKLY.
(semiAnnuajiy)
--55-3
--18-8
--27-9
- -26-4
-K)-4
4-3-7
4-61-0
4-21-0
-21-8
-13-7
-11-6
4-2-5
4-9-2
4-40-3
-
-'32-2
--83-3
-51
4-52-2
-14-2
4-36-1
4-31-8
4-13-3
4-9 4
3^",872
298,700
340,113
250,803
109,030
125,626
184,509
254,079
272.200
256.290
212.331
187,628
125,479
152,716
147,715,964
15,203,494
1,763,847
2,111,266
1,255,566
938,671
790,750
845,060
500,000
348,345
71,386
128,086,645
13,534.656
1,541.842
1,974,722
849,072
542,000
626.466
723,009
467,142
145,441
69,258
23,828,385
11,774,006
12,006,062
5,687,840
5,760,533
2,662,325
1,428.402
1,000,000
617,194
854,393
612,064
476,178
68,406
113,346
20,473.608
10,997,316
14,638,960
3,939,022
5,473,227
2.052,038
1,106,161
966,293
488,845
534,701
470,649
365,320
79,119
75,104
43.060,749
30,192,789
8.523.474
6,334,174
4.450,800
3,200,000
3,952,040
2,225,704
2,369,435
1,622,347
1,089,173
1,177,479
1,411,964
475,289
765,054
501,071
995.000
468,659
292,173
171.676
41,186.865
21.919,397
9,602,430
5,156,393
3,594,100
3,700 675
3,357,764
1,970,643
2,006,815
1.636,390
968,632
1,225,437
1,350,872
350,471
621,732
479,464
351,388
238,598
212,583
4-12-8
58.653,784
70,288,354
4-45 -6 1,288,793,847 1.017.063,194
4-37-1
-3-6
4-141
4-9-4
-2-6
-8-3
-1-8
595.000
4-51-3
28.460,864
4-3-8
542,060
451.735,900
11.096.903
6,240.438
1,964 482
1,112,022
615,043
553,097
26,431.901
21,611.985
524.185,739
13,463.878
7,458,871
3,080.572
1,244,226
«42,-,J94
THE CHRONICLE.
876
common,
THE INVESTORS' SUPPLEMENT.
[\oL. LXIX.
so that the lines west of
Buffalo get the ad-
vantage of any increase in it. But even bearing tnat
Investors'
The October quarterly number of our
in mind an addition of 15,000 cars means an enormous
SuppLEMEKT is issued to-day, and is sent to all our extension of the carrying capacity of the road, and
subscribers.
The Supplement contains editorial the fact that such an expansion has actually been dearticles on the following topics.
termined upon evidences the imperative demand ex-
MANUFACTURE AND TESTING OF WHEELS.
BOILER FEED- WATER PURIFICATION.
A RAILROAD RESEARCH LABORATORY.
THE UTILITY OF LARGE CAFACITY CARS.
IMPROVED TRACK CONSTRUCTION.
isting
added
for
moving
traffic.
and accommodations for
Not counting the equipment on the
facilities
New York
lines west of Buffalo, the
June 30
40,403 cars
increase to
loan which
this there
is
was an
Assuming
purchased with the $2,800,000
now to be paid off are not included in
cars
inventory of cars for June 30 1899,
the
Though there have been great irregularities in the
movement at the Stock Exchange during the week,
and from
44,982 cars June 30 1899.
that the 5,000
THE FINANCIAL SITUATION.
1898,
Central reported
there
is
15,000 to add to the 44,982 cars reported, raising the
roughly to 60,000 cars, as against but 40,000 cars
In other words, the increase as
prices, especially for the better classes of railroad only 15 months ago.
This compared with June of last year will be fifty per
properties, have tended towards higher values.
rates
notwithstanding
affairs
cent.
has been the course of
for
That the New York Central is doing a very large
last Friday
business is evident from the company's return for
Perhaps the the quarter ended September 30 (the first quarter
money have hardened somewhat and foreign
change
—after the decline which
though the
set in
total
ex-
was easier.
most conspicuous advances have occurred in the coal of the current fiscal year), submitted the present
This shows for the three months of 1899 gross
properties, a feature also manifest in the dealings of week.
previous recent weeks. This advance should cause of $14,184,398, against only $11,761,899 for the correno surprise and needs no help from a rumored lease sponding three months of 1898, while the net (even
or the rumored consolidation of that class of roads to after charging to expenses $701,700 for new equipexplain it. Experience tells us what it means. There ment and other extraordinary items) is $5,712,819,
never was a trade revival which did not act on those against $4,520,444 in 1898. In the three months last
properties just as the current cycle of prosperity has year there was a surplus above the fixed charges and
They have always proved to be the one per cent quarterly dividend on the stock in
been, and is, acting.
the last of the roads to get the full benefit of such a the sum of $522,213 for the three months this year
rose again,
close
;
favorable turn in events and the last to
effect of adverse trade conditions. To be sure, in confeel
siderable measure
their
the full
stocks had already shared in
the general movement, but the advances were not at all
commensurate with those other leading railroads had
enjoyed, or with the better conditions for doing work
profitably which during the years of depression they
is three times that amount, or $1,558,370.
2 '56 per cent was earned for the stock
other
words,
In
in 1899, against only 1-52 per cent in 1898.
The
the surplus
additional $15,000,000 stock will add (on the basis of
the 4 per cent dividends
now being
year to the dividend requirements.
paid) $600,000 per
But the increase
we see, is a
in surplus for this one quarter alone, as
have attained. In an article on a subsequent page full million dollars.
we have in a general way referred to this change in
It is a pleasing feature of the situation that in the
the situation of our railway systems as a whole a conthe
effects
of general rise in prices and values incident to the presdition of large importance in measuring
industrial
development.
current
ent period of prosperity, the railroads now also seem
the
likely to share by charging slightly better rates for
One of the most striking evidences of the great their transportation services. Efforts are being made
activity of trade is furnished in the announcement both in the East and the West to advance rates to a
—
week that the New York Central
to increase
small extent, and
appears likely that these efforts
stock $15,000,000, in order to provide will be crowned with success. Indeed a number of adits capital
means to buy needed equipment. In an interview in vances have already been made. Shippers, too, appear
the " New York Times," President Callaway states to recognize that such advances are logical and just.
this
is
As
it
we should say they are actually
To be sure, the carriers are at present doing
a very large business, and are making satisfactory
provide further reports of net earnings.
But while there is no likeli-
that 12,800,000 of the 115,000,000 will go to pay off a
loan of that amount obtained some time ago to buy
5,000 cars, which are now being delivered, and the
a matter of fact
necessary.
be used to
It hood that the volume of business will fall off, it is not
large additions to equipment and motive power.
than
less
more
no
10,000
new
cars, certain that the returns of net earnings will conis intended to add
Mr. Callaway sajs the tinue satisfactory unless increased rates are obtained.
50 coaches and 100 engines.
new rolling stock is wanted to make earnings, and The roads are now obliged to pay very much higher
he gives it as his opinion that there are three prices for their materials and supplies and for practiyears of undimmed prosperity ahead, not only for cally all the various items that enter into their operating
granger roads but for all freight carriers. We are accounts. As yet that factor has not begun to count
dealing with a large system, and the reader perhaps to any great extent in the expenses, for so many
remaining $12,200,000
will
being delivered on contracts made last
But shortly
the year when prices were yet very low.
Mr. this will change and then operating expenses must
and increase quite decidedly. Take the item of steel rails
Michigan Central, the system comprises 6,600 miles alone and apply it to the case of a system like the
of road, and also that the rolling stock is used in Pennsylvania, which recently placed orders for over
does not realize that the additions contemplated
of very great magnitude even for a property of
In the interview referred to,
size of the Central.
Callaway states that, including the Lake Shore
are
things are
still
October
THE CHRONICLE.
28, 1899.]
877
100,000 tons of rails for next year's delivery. The price demand for time money is good and where first-class
of rails is about double what it was twelve months ago. collateral is offered lenders are willing to make conAt an increase of $15 per ton, the addition to cost on tracts at some concessions from the rates quoted for
Preference
this 100,000 tons of rails would thus be $1,500,000, and good mixed Stock Exchange securities.
The movement is given, it may be noted, to loans for long
this is only one item among many.
towards higher rates, therefore, is not only timely, but periods, and comparatively few engagements are
Quotations are 5
absolutely essential to a continuance of railroad pros- reported for less than four months.
perity, and likewise general prosperity, for the moment per cent for thirty to sixty days and 6 per cent for four
our great railroad industry experiences a set-back,
general business will also be sure to begin to decline.
to six
have been made at
curity consisting of
The annual
report of the Minneapolis
&
St. Louis,
issued this week, for the year ended June 30 1899,
will attract perhaps more attention than usual, since
the year was an important one in the history of the
company. It marked the purchase of the line of road
Wisconsin Minnesota & Pacific KR. from Morton, Minn., to Watertown, S. D. (122*53 miles) and
its incorporation in the Minneapolis & St. Louis system; also the purchase of 20*22 miles from the Minneapolis New Ulm & Southwestern RR., and likewise
the beginning of the construction of an extension
of 139 miles to run from New Ulm, Minnesota,
to a point of connection with the Illinois Central
RR. at Storm Lake, Iowa. The year furthermore
witnessed the creation of the company's new 4 per
of the
cent Refunding Mortgage and the retirement of its
This last operation reduced the
first preferred stock.
from
$12,500,000 to $10,000,000, of
which $4,000,000 is preferred (formerly known as the
second preferred) and $6,000,000 common. Of the
capital stock
new
consols $7,800,000 have
been issued, $2,500,000
the amount going to retire the 1st preferred
shares; the other $5,300,000 went to acquire the
two pieces of road above enumerated and to
provide the means for the building the 139-mile
of
extension
referred
The balance
to.
sheet
shows
$2,151,719 of cash held as a special fund for the
purextension
and the
this
of
completion
Some loans
per cent for six months on sedividend-paying stocks. The
months on good mixed
5|-
all
collateral.
commercial paper market is less active and the demand is not so good as it was last week, especially
from the interior. Many of the city institutions are
in the market and choice names find ready purchasers.
Rates are 5 per cent for sixty to ninety day endorsed
bills receivable, 5@5^ per cent for prime and 6 per cent
and above for good four to six months single names.
Some very choice single name paper maturing in July
has been sold at 5^ per cent. Banks have been shipping this week less money to the West and South than
last week.
Five hundred thousand dollars gold has
reached New York from California. In some cases gold
has been deposited by New York banks at the SubTreasury in exchange for gold certificates, which have
been shipped to correspondents of these banks at
Chicago and other Western cities. The payment of
rebated interest at the Sub-Treasury has amounted
during the week to only $350,000.
The news from the seat of war in Natal, though less
assuring after Monday, seems to have had no serious
unfavorable influence upon the London security
markets, and discounts have been easier. The Bank
of England minimum rate of discount remains unchanged at 5 per cent. The cable reports discounts
of sixty to ninety day bank bills in London 4^- per
The open market rate at Paris is firmer at 3^
cent.
per cent, and the unofficial rate at Berlin and at
chase of equipment. From the income account
we see that income the late year was sufficient to
meet all charges, to pay 4^ per cent on the second
preferred stock (now the preferred stock), and to
carry forward a surplus of $164,078 on the operations
President Edwin Hawley
of the twelve months.
points out that with the continuance of general
prosperity throughout the country, the prospects for
business during the current year are very good. All
crops along the line will
year, he thinks.
He
Frankfort is also firm at 5|@5^ per cent. According to our special cable from London, the Bank of
England gained £861,897 bullion during the week
and held £33,766,717 at the close of the week. Our
correspondent further advises us that the gain was
due to the import of £706,000 (of which £686,000 were
bought in the open market and £20,000 were from
Australia), to receipts of £382,000 net from the interior of Great Britain and to exports of £226,000,
probably equal jthose of last of which £200,000 were to the Cape and £26,000
also
notes that the
amount
wheat held in reserve by the farmers on July
was greatly in excess of that held in July 1898.
Money on
call,
of
sundry.
1 last
The foreign exchange market was active and decidedly weak on Monday, subsequently recovering and
growing firmer, and then dull and easier, closing firm.
4 The weakness on Monday was ascribed to offerings of
representing bankers* balances, has
loaned at the Stock Exchange at 10 per cent and at
per cent during the week, averaging about 6 per
cent.
On Monday loans were made at 8 per cent and
at 5 per cent, with the majority at 5^@6 per cent.
On Tuesday the range was from 8 per cent to 6 per
cent, with the bulk of the business at 6 per cent. On
Wednesday loans were made at 7 per cent and at 4 per
cent, with the majority at 6 per cent.
On Thursday
the range was from 7 per cent to 4 per cent, with the
bulk of the business at 5^@6 per cent. On Friday
loans were made at 10 per cent and at 6 per cent, with
the bulk of the business at 6-j per cent. Banks and
trust companies quote 6 per cent as the minimum,
though loans have been made almost daily at the
higher rates recorded at the Stock Exchange. The
against purchases of stocks for European account,
which buying was reported to be stimulated by the
bills
London on that day from the seat
The demand for exchange was lighter
favorable news in
war in Natal.
on Monday, and
of
was reported that the inquiry for
covering bills previously sold had been satisfied. Another reason assigned for the decline in rates was the
it
firm tone for our
money market.
On
the following
day exchange grew steadier and on Wednesday, after
a partial recovery in rates, the market was dull.
Thursday the market closed easier for both long and
short.
On Friday, however, the tone was firm.
Bankers continue to report a small supply of commerThere are moderately large
cial bills against cotton.
THE CHRONICLE.
878
exchange against grain and provisions,
but they are promptly absorbed at full rates. The arofferings of
[Vol.
LXIX.
TEH STRENGTH OF THE RAILROAD
STOCK MARKET.
gold reported at the Custom House during
the week amounted to only $28,954.
Nominal rates for exchange have been 4 84 for
Rates
sixty-day and 4 88 for sight during the week.
of
decline
for actual business opened on Monday at a
half a cent compared with those at the close on Friday of last week, at 4 82|@4 83 for long, 4 86f @4 87
for short and 4 87|@4 88 for cables and, as noted
rivals of
Why
is
it,
we
are asked, that railroad securities
have resisted so stubbornly the influences tending to
depress the stock market at this time ? We are from
week to week publishing the facts which make the answer to this question an easy one. The character of
our weekly record has been for a long time such as to
induce a prevailing belief among capitalists that with
above, the market was quite weak. There was no the money market restored to a normal condition the
change on the following day, and the market was better class of stocks will return to a level of values
steadier.
On Wednesday, however, the tone grew equal to, or higher than, that which ruled months
firmer, and rates for actual business were advanced ago; or should that recovery be delayed, even then, it
one-quarter of a cent, to 4 83@4 83i for long, 4 87@ is thought, the properties are safe to hold, for they
@4 87i for short and 4 88@4 88i for cables. Thursday are worth what they are selling for. It does not,
the market opened firm for long but easier for short however, by any means follow from such a condition
and closed easier for both long and short. The tone that every property is to be a sharer to an equal exwas firm on Friday. The following shows daily posted tent in this hopeful outcome, or that the lines of the
rates for
exchange by some of the leading drawers.
old speculation prevailing the
are to be taken
Fri.,
MON..
TtTES.,
Wed.,
Thtjr..
FBI..
Oct. 80.
Oct. 23.
Oct. 24.
Oct. 25.
Oct. 26.
Oct. 27.
484
{f.^^y^^ 488
60 days. 484
Sight.... 488
Brown Bros
Baring,
<
Magoun & Co..
Bank British
<
(
60 day s
4 84
488
484
488
Montreal
I Sight....
Canadian Bank 5 60 days, 484
488
of Commerce. \ Sight...
Heldelbach, Ick- ( 60 days, 484
elheimeri Co. t Sight.... 488
484
Lazard Freres. \ gigh^t!.*: 488
Merchants' Bk. ( 60 day s 484
Sight.... 488
of Canada
No. America..
Bank
.
of
I
Sight...
4
60 days.
.
.
.
:
The market
closed
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
88
84
84
88
84
88
84
88
88
84
88
84
84
88
84
88
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
84
88
84
88
84
88
88
84
84
88
84
88
up again
first
at the point
half of the year
where they were
dropped and the extravagances of that period repeated.
We have no reason to look forward to any
such revival. The lesson that has been taught since
the first of June cannot be so easily or quickly forgotAt the same time it is a fact that the belief in
ten.
a better market and in the worth of the best properties referred to above has become sufficiently general
to impart to values a sort of sentiment which is in a
measure affecting almost the whole Stock Exchange
list.
firm on Friday, with rates for
It
may
not be amiss to mention some of the
cir^
83@4 83i for long, 4 87@4 87i cumstances which have tended to create this state of
Commercial opinion. No doubt if the liquidation that has been
for short and 4 88@4 88i for cables.
on banks 4 82|@4 82| and documents for payment for several months in progress were the fruits of an
4 81|@4 82|; cotton for payment 4 81f@4 82, cot- ordinary case of overtrading, the teaching from exton for acceptance 4 82^@4 82f and grain for payment perience would clearly be that no recovery such as
suggested could be looked for except after the lapse
4 821@4 82|.
of a considerable term for recuperation.
By an ordimean
one
we
that
has
nary
case
already
or is sure to
The following statement gives the week^s movement
into
a
general
industrial
run
collapse.
A quiet,
of money to and from the interior by New York banks.
stagnant money market always succeeds the visitaactual
business
Week Ending
4
October 27, 1899.
Received by
Shipped by
N. T. Banks. N. T. Banks.
Currency.
Gold
Net Interior
Movement.
<3,632,000
$4,774,000
484,000
1,164,000
Loss. $1,142,000
Loss.
680.000
$4,116,000
$6,938,000
Loss. $1,822,000
tion of such a general business dislocation, but easy
money does not under those circumstances bring with
In that event the beginning of a new cycle of active trading in securities is
With the Sub-Treasury operations the result is:
a long time in starting ; it does not accompany easy
money until liquidation has gone the rounds of all
Into
Out of
Net Change in
Wuk Ending October 27, 1899.
Banks.
Banks.
Bank Boldings.
departments of trade.
15,938,000
Loss. $1,822,000
Banks interior movement, as above $4,116,000
We do not need to say that the back-set we have
19,400,000
19,600,000
Loss.
200,000
Sub- Treasury operations
been experiencing is not an affair of that kind. It is
$23,516,000
$25,588,000
Loss. $2,022,000
Total gold and legal tenders.
The following table indicates the amount of bullion simply a reaction from an excessive stock speculation
induced by an unusually active trade revival, stimuin the principal European banks.
lated to unsafe proportions and conditions by an abOctober 26, 1899.
October 27, 1898.
normally easy money market. When this movement
Bank of
Total.
Oold.
Silver.
Stiver.
Total.
Gold.
was at its height and loans were correspondingly inTotal gold and legal tenders.
it
rising security values.
began to show less confidence in the
and to discriminate in accepting security.
Germany*
This disturbance of credit had been preceded by gold
Russia
exports and was followed by an outflow of currency
Anit.-HuDg'y
Spain
from this center. The money stringency that has
Italy
Netherlands..
since prevailed has resulted for a time in an unsettle
4.528,,000
2345,000 1,422,000
4,267,000
Nat.Belg'm'..
3,019,000 1,509,000
ment of all Stock Exchange values and by the liquidaTot.tblB week 291,294.219 98.826,283 390,120,502,298.041.611 93,846,149 391,387,760
It has, though,
Tot. prev. w'k 292.620.036198,588.685 391.108.721299.134,508 93.528.344 392.662.852 tion of narrowly-margined accounts.
* The divleion (between gold and silver) given in our table of coin
affected no other business interest.
On the contrary,
and bullion in the Bank of Germany and the Bank of Belgium is made
liom the best estimate we are able to obtain in neither case is It and in face of this decline and demoralization, trade
claimed to be accurate, as those banks make no distinction in their
weekly returns, merely reporting the total gold and silver, but we development has continued to progress, and as a conbelieve the division we make is a close approximation.
Note.— We receive the foregoing results weekly by cable, and while sequence railroad earnings have been recording large
not all of the date given at the head of the column, they are the
returns issued nearest to that date—that is the latest reported figures. increases in gross and net results, and industrial con£
England
VrsDce
£
£
£
83,766, 717 31,608,431
33,766.717
31,608,431
75,616,602 46,834.283 122,449,,785 73,656,180 49,121,149 122,777,329
24,086,000 12,403,000 36,494, OOOJ 24,029,000 12,379,000 36,408,000
85,873,000 4,428,000 90,301, 000:100,357,000 3,668,000 104,025,000
36,918,000 12,584,000 49,502, 000, 35,382,000 12,501,000 47,883,000
13,591,000 13,778,000 27,367,,000 11,051,000 5,350,000 16,401,000
15.630,000 1,436.000 16,966,,000 14.798,000 2,234,000 17,032,000
8,746, 000
4,315,000 6,671,000 10,986,000
2,895,000 5.851,000
;
flated, lenders
situation
October
THE CHRONICLR
28, 1899.]
cerns formed on a conservative basis have for a similar
reason afforded a presumption of a profitable business.
That
is
to
say, while
values measured by market
quotations were lower, values measured by income
the only true standard of worth
—were higher.
has been, to be sure, a wide rise in prices of
ties: but it is to be said in its favor that
from an abnormally low
level
There
commodi-
it
started
and that the enlarged
industrial earnings warrant higher values; moreover,
where the largest advance has been
established the new level is fully supported by a general
rise all over the world.
These and other incidentals,
in departments
especially the year's crop situation, give to industrial
a thoroughly sound aspect.
Consequently,
whatever collapse has taken place is confined wholly to
affairs
the market quotations of securities, and
is
opposed,
so far as the better classes of securities are concerned,
to the real
worth of those securities
as
measured by
From
879
beginning progress towards
perfecting the road and its belongings was for a long
time slow, but during the last few years, as we all
know, it has been very rapid, circumstances having
hastened the development. This more rapid progresi
has likewise been aided by the large number of reorganizations in recent years completed.
Not only has
fresh money in large amount thus been obtained with
which some of the most important of the roads have
been very nearly re-created, but the method of reorganization has been so radical and eflficient as to
have brought the properties into a condition which
makes a new bankruptcy now in most cases impossible.
The upshot of all this is that American railroads
as a whole have never before been anywhere near in so
favorable a state for handling business, for doing it
cheaply, and for sustaining themselves through severe
that straightened
financial crises, as they are to-day.
their income.
THE WAR AND THE MARKETS,
Another reason for the material growth in confidence in railroad properties manifested on this occaWe discussed at some length last week the bearing
sion is the decided advance the roads have made in of the war blockade of the Transvaal gold mines on
actual intrinsic value during recent years.
This the money markets at London and other financial
added value is found in their increased power to do centres, showing what grounds for uncertainty, if not
work and to do it cheaply, acquired during tue long for misgiving, were created by the incident. From
period of depression which they have just passed the foreign financial newspapers arriving in the mails
through, and to actual growth of the country adja- it is evident that much importance has been attached
cent to them during the same period in population, in to this question in Europe also. Their judgment is
volume and variety of business and in wealth. We pretty well summed up in the forecast of the ** Xeue
—
hear it asked almost daily What are our railroads
going to do for income during the next period of short
crops and business dislocation, when railroad earnings
drop back to the old figures ? We can say without
reservation that our railroads will never experience a
time when their net income will fall off to anv such
extent as suggested.
Bear in mind that during the last few years of depression the country has been economizing, paying its
debts, enlarging the area given to agricultural productions, increasing with the usual rapidity in population, and thus building up the cities, towns and
Freie Presse" of Vienna, which, starting with the fact
that ''the total interruption of export of so large a
factor in the world's gold production has never hither-
been experienced," argues that this "will make the
rate of exchange depend on the issues of the war,"
and that *'the battles fought between English and
Boers will dominate the quotations of European
to
rentes."
The war
not yet over, but so far as circumstances have yet developed the extreme misgivings
do not appear to have been warranted. The Continental exchanges have indeed been greatly disordered.
is
neighborhoods tributary to the roads. By means of
Buch changes these carriers have entered upon and will
pass out of the current term of prosperity to endure a
new industrial dislocation with an environment very
different from that which existed at the termination
we
of
the
previous cycle
of
active
trade.
Following the violent action of the Bank of England in
raising its minimum discount rate twice within three
days, French exchange on London instantly ran up
from 25 francs 26| centimes to 25.34, which is
actually above the normal gold-exporting point. GerIf man exchange advanced from 20 marks 26f pfennigs
it possible for a second Bryan to
and a second wave of insanity to sweep over the
country like that which enveloped it from 1892 to
1898 we should be ready to admit a chance of any industrial chaos that the imagination can picture.
But
consummation
that is a
we place outside the limit of
could believe
arise
20.51i, which is within a fraction of the gold
point.
Our own rate for sterling rose from 4 85f,
below international parity, to 4 87^, at which for a
to
day gold exports to London seemed to be impending.
Since the first week of uncertainty, however, the
Paris exchange rate has fallen back to 25 francs 24
conceivable casualties. Any other combination of ad- centimes, and the Berlin rate to 20 marks 46 pfenverse circumstances which is within the compass of nigs both rates far below the export point.
Oar
possible events cannot, we claim, bring the roads back own exchange rate holds relatively firm, but we are
to a condition approaching even the old status.
not shipping gold.
We need not recapitulate here other facts confirming More important than this, the foreign money mar*
this view, facts which we have been making public in kets very soon ceased to reflect disturbance.
At
these pages every week, especially during the past year. London, particularly, the private discount rate, which
Those facts concern the road-bed, the rails, every rose to 5^ per cent on the second advance in the B^nk
class of equipment, and some of them disclose achieve- rate, has since slipped off to the neighborhood of 4.
ments that are simply a marvel. The truth is, this is Consols, which fell to 102| when the Bink made its
—
new and
and has had
go through second move, recovered to 104f this week. The Bank
all phases of development in railroad building.
We itself has gained during the fortnight upwards of 15,all
to
open communication with and 000,000 gold, the Bank of Germany has gained more
needed first of
give an outlet for the products of the Far West and than $8,000,000 specie and the Bank of France has lost
South, and ultimately with the Pacific States. It had only an inconsiderable sum.
Apparently the St.
to be done in a cheap, half-finished way or not at all. Petersburg market, in which the German credit bala
large country,
to
THE CHRONICLE.
880
[Vol. LXIX.
ances were heavy, has been a loser, and the Imperial occupied by the end of January seems altogether
Bank of Russia had already, at the opening of October, reasonable.
But
lost some 128,000,000 gold since midsummer.
The assurance of a short campaign means assurance
outside possibly of the Russian market, Europe has of a relatively inexpensive campaign, and hence of a
t,-&ken
the whole Transvaal episode calmly and philo-
relatively small draft
Such
on the money market for public
them, are in the
drafts, or expectation of
-sophically.
uses.
perhaps too early to assume that the blocking
•of the Transvaal gold supplies will not be seriously
felt in the money markets; but it is plain|that events
up to the present writing go to show that popular
^apprehensions were excessive.
Taken as a whole,
last analysis the reason for the fall in securities at
It is
the
outbreak of a war. Notably, public securities decline,
and with sufficient reason, when it appears that de-
mands on floating capital will be increased heavily,
along with an increase in supply of Government issues
these financial movements, in action and reaction, offered to investors. This is why British consols abhave merely repeated what has been witnessed at the ruptly declined | point, early this week on the anoutbreak of every foreign war. When the Franco- nouncement by the Chancellor of the Exchequer that
Prussian war began, British consols fell five points or £8,000,000 in Treasury bills promptly authorized by
so to 88, and the Bank of England rate went up, with Parliament must be issued in order to defray the
—
—
expeases of the war, two to three millions more being
Russia's declaration of war on Turkey in 1877 was assured by the current revenue surplus over estifollowed by exactly similar financial movements. But mates.
Fifty million dollars would have been regarded a
in each case the spasm was short, and neutral markets were presently on an even keel again. We sup- generation ago as a pretty large drain on the public
consequent disturbance
of
the foreign exchanges.
pose that in both these historic instances, as in many
others more recent, the markets faltered at the
outset through fear of the general warfare among
outside nations, of wholesale destruction of property
purse to foot the
and of huge piling up of national indebt-©dness, such as attended the memorable Napoleonic
wars at the opening of the century. When it was
seen, in 1870 and 1877, that no such complications
were to be expected, the tension eased at once and
buyers and sellers went about their ordinary business.
It is quite possible that some such apprehensions, followed by similar relief, had to do with the initial
convulsion of the markets and their subsequent recovery after the Transvaal issued its ultimatum. We
'have lately witnessed somewhat parallel movements
of the market at the beginning of the Greek war of
1897 and our own Spanish war of 1898.
The two undoubted factors of reassurance in the
present war, from the money market's point of view,
are, first, the discovery that outside intervention, and
expenses against the Americans.
But modern experience has taught the useful lesson that in order to
•and capital,
therefore international complications, are wholly improbable, and, second, belief that the magnitude of
the English preparations and the efficiency of English
arms ensure a short conflict. It has already been
demonstrated that the unfriendly utterances of the
Berlin and Paris press are far from presaging open
hostility by the French and German governments.
We of all people ought to recognize this fact, remembering the outburst of apparent enmity from
the Paris newspapers eighteen months ago, an
outburst followed by nothing but courtesy and
As
dignified neutrality by the State authorities.
for the tactical problems of the war, it is doubtless true that popular imagination exaggerated the
first reports of British successes at Glencoe and ElandsBut this much remained proved, even when
laagte.
part of the English forces had fallen back and placed
If the troops at Glencoe
"themselves on the defensive.
were able, in the face of an enemy stronger in position
and probably stronger in numbers, to inflict what was
millions
sterling,
bills of
a small Colonial war.
readers
of
Benjamin
Three
Franklin's
papers are aware, was deemed an extravagant outlay
by the English Government for nearly a year of war
do the least mischief to the community at large, wars
must be short, and that in order to make them short
no legitimate expense must be shrunk from. The
English Cabinet, like our own Cabinet in 1898, is
wisely proceeding on this presumption, and if the
relatively large war expenditure is annoying to the
money markets now, it will be for their benefit
later on.
We
ought not to leave
branch of the subject
without a reference to the system of exchequer bills
through which this English operation is rendered the
simplest matter in the world.
The mere issue of
notes-of-hand
short-time
by the Treasury, paying 2
or 3 per cent interest, solves the whole question without such complications as our Government had to
face in its recent war financiering, first from the notion that the people at large ought to have the
loan offered to them at a virtual discount, and
then from the necessity of a twenty-year term for a
debt which the Government might with advantage to
The fact
all parties have been paying off to-day.
that this scheme of exchequer bills for current deficits was urged by Secretary Carlisle in 1893, and was
this
actually authorized at the request of Secretary
in 1898, gives
some hope for
our own
system in the future.
fiscal
its
Gage
formal adoption into
RIO GRANDE WESTERN REPORT.
The annual
report of the Rio Grande Western Rail-
ended June 30 1899 has been
issued this week, and on subsequent pages we print
President Palmer's remarks. As had been made evident by the company's monthly statements, the
changes from the previous year are slight in gross and
Both show only a trifling decrease, and
net alike.
thus the company maintained the noteworthy improvement established the preceding twelve months.
way
for the fiscal year
what is to
happen when the large reinforcements from Great
Britain are landed at Oape Town and marched into
Natal during the coming fortnight. In view of what
has occurred in the field already, and of the known The reader may perhaps have forgotten how striking
limitation of the Boer resources (not recognized, it this improvement in 1897-8 was, so it will be well to
equivalent to a defeat,
it is
easy to surmise
be added, in the estimates of Dr. Leyds) the pre- refresh the memory by recalling a few salient facts
diction of the English War Office that Pretoria will be appertaining to the results of that year, as pointed
may
October
THE CHRONICLE
28, 1899.]
881
out by us in reviewing the annual report for said Combining passengers and freight, the local business
furnished 48 per cent of the total revenue in the late
twelve months.
In this previous year the increase in gross earnings year— this being a gain over 1897-8 of $190,138, or
(as compared with the twelve months preceding) was 13*4 per cent.
As the reader knows, the company has been abliEf^
over 36 per cent and the increase in net earnings
almost 50 per cent. Even as compared with 1891-92, not only to pay out of earnings the full dividend
the largest previous fiscal year, the gain in gross on the preferred stock, but has recently made
earnings was 27 per cent and the gain in net earnings another dividend of one per cent on the common
32| per cent. Examination of the traffic statistics stock, this latter being paid in preferred stock so as
The inrevealed still more significant evidences of expansion. to leave the cash available for other uses.
In the number of tons of revenue-earning freight come account shows that over and above the dividend
compared with 1896-97 of 5 per cent on the preferred shares, there remained
oH P^r cent, and in the tonnage move- a surplus on the operations of the twelve months cf
ment one mile the augmentation reached nearly 70 8152,034. The one per cent on the common stockper cent. This, bear in mind, was the ratio of ad- called for 1100,000.
Gen. Palmer takes a very encouraging view of the
Nor (as
dition in a single period of twelve months.
we furthermore showed at the time) was this remark- immediate future. The results thus far for the new
able increase simply a recovery of what had been lost fiscal year, it must be admitted, are in accord with
in the years preceding.
The year 1896-97, it was the most sanguine expectations. Since the Ist of
true, had fallen behind a little, but as far as the ton- July up to the end of the 3rd week of October gross
nage was concerned the contraction was so small that earnings the present year stand at 11,336,914, against
The exceptional growth only $1,042,970 in the corresponding period of 1898,.
it might well be ignored.
noted, therefore, came practically on top of the largest and the net earnings for July and August (the onlytonnage previously made in the company's history. months for which the figures of net are yet available)
We also alluded to the fact that the traffic had are $313,053 in 1899, against 1172,963 in 1898. Prefibeen rising almost uninterruptedly, year by year, ent conditions and outlook, Gen. Palmer sajs", are?
and showed that this was a circumstance of more than more satisfactory than they have ever been. The reordinary importance in the case of the Rio Grande cent harvests in Utah, excepting fruit, have been
Western, since the road is situated in a silver- good; the ore-mining industry has never before been aB
mining State (Utah), and many had feared that the active or its fiiture as promising as now; the people
depression in that industry would work serious harm are busy and prosperous, and travel consequently is
to the property.
A set-back did occur from that larger than ever before, not only locally, but ie>
The falling off and from the Pacific States. Two new collieries (both
cause, but it proved only temporary.
moved, the
amounted to
growth
as
was never important. The loss in revenue
was of more consequence, but it followed mainly from
the decline in rates which the depression had brought
with it. The road, however, quickly recovered from
tho effects of both, and this being so, the very great
addition to traffic and revenues which was established
in 1897-98 was a circumstance of the highest significance, indicative of very active growth and development.
one being an excellent
coking coal) were opened during the summer and
have begun shipping coal since the close of th&
that
fiscal year, and the road's principal business
of hauling coal and coke
much heavier than
is
it
has ever been, is double what it was in
the year 1896, and would to-day be even larger
except for the shortage of cars.
New smelting
works have been erected and are in operation near
FurIt is necessary to pass in review these incidents and Bingham Junction, while others are projected.
characteristics of the previous year's results in order thermore, during the fiscal year three additional
to interpret correctly the showing for the year covered beet-sugar works were completed at or near stations
by the present report. In the late twelve months the on the company's line in Utah and Colorado or so far
road lost some of the advantage accruing in 1897-8 completed as to assure their full or partial operation
from the opening of the Oregon Short Line to equal on this season's crop of beets.
In brief, according to Gen. Palmer, the work of de~
use by all roads, and in some other respects the condiFor veloping the unrivalled natural resources of Utah anti
tions were not quite so favorable as in 1897-8.
this reason aggregate tonnage fell away a little as Colorado is proceeding with such energy and on so many
compared with the exceptional figures of the previous different lines that the condition of doubt and fear
year.
Nevertheless the showing is a most gratifying which prevailed in that part of thecountry after the;
one, warranting Gen. Palmer's remark that the year silver collapse of 1893 is now looked back upon as an inwas one of prosperous conditions, the result of a high comprehensible dream. There is nothing on the surdegree of business confidence and success in the sec- face, he declares, to indicate that the present hopefuL
There conditions may not continue to operate for some
tion traversed by the Rio Grande Western.
was in the first place a substantial growth in the years. In the belief and confidence that they will,,
(the increase
was 6-32 per the company is improving and strengthening the line,
passenger revenues
and the number of passengers carried adding to the equipment and building extensions.
cent)
any previous year.
of
In the He alludes to the creation of the new Consolidate*.!).
in
excess
was
second place, though freight tonnage and freight Mortgage and explains the purposes to which the bonda-.
revenues decreased slightly, the loss was in the are to be applied. He also shows in what an easythrough business; the local business made further position financially the company is placed through the
growth. Thus the tonnage received from other roads creation of this mortgage. All obligations on account
amounted to only 410,457 tons in 1898 9 against 484,- of equipment have been extinguished and the com262 tons in 1897-8. On the other hand the traffic origi- pany has no floating debt other than current vouchers,.
nating on the Rio Grande Western reached 683,478 On June 30 it held almost 1^ million dollars in actpalc
tons in 1898-9 against only 617,929 tons in 1897-8. cash, and its capital reserve consisted of an author—
in
traffic
in coal of a superior quality,
—
—
THE CHRONICLE.
882
ization for a further issue of preferred stock to the
RAILWAYS IN THE UNITED KINGDOM.
amount of $800,000
(since reduced to $700,000 through
the stock dividend paid on the common shares), besides which it holds in the treasury $3,000,000 of the
new consols and $10,005 shares of the Western Ex-
Company
press
stock, earning
and dividing 4^ per
cent for the year.
Stated in
Miles operated.
he also submitted a paper making some interesting and instructive comparisons between the railways of this country
and those of Great Britain. We print this paper in full
below. It will be noted that Mr. Fish says he uses the figures
the results are very striking, this obviously
Fish did not think
it
Tear ended
Tear ended
Dec. 31, 1890.
Dec. 31, 1898.
A motint.
Oenl.
20,073
21.659
1.586
7-90
.
Per
RAILWAYS IN THE UNITED STATES.
Increase in 9 Tears.
the Industrial Commission at Washington on Saturday last,
countries just as given in the official report?.
as worth $5.
Increase in 9 Tears.
In addition to the printed statement which Mr. Stuy vesant
Fish of the Illinois Central Railroad Company read before
two
£1 being taken
Dollars,
Capital paid up.. $4,487,360 130 $5,672,342,310 $1,184,982,180 26-41
Capital paid up)
per MUe oper- >
223,550
261,895
39,345 17-15
ated
>
Gross Reoeipts...
399,743,510
481,262,505
81,518,995 20-39
Gross Receipts)
19,915
22,220
2,305 11-57
per Mile
j
BRITISH AND AMERICAN RAILWAYS
COMPARED.
for the
[Vol. LXIX.
As
means that Mr.
necessary, for his purpose, to enter into
Tear ended
June 30, 1890. June 30, 1898.
Tear ended
Capitalization
Oent.
28,244
1806
184,648
156,404
Miles operated...
Per
Amount.
$9,437,343,420 $10818554,031 $1,381,210,611 14-64
. .
Capitalization)
per Mile
i
Gross Reoeipts.
Gross Receipts)
per Mile
J
.
60,340
60,343
3 *o-oo
1,051,877.632
1,247,325,621
195,447,989 18 -c 8
6,725
6,755
30 0-45
a consideration of the methods by which the totals for the
United States
(\^
hich our readers
lessjcriticized) are reached.
mind
know have been more
Nevertheless,
it
or
italization,
mission,
in excess of the facts.
United States
is
this will
Many
at least one point
figures,
The principal reason
for
appear to the reader on a moment's reflection
of the larger companies
own
considerable amounts of
the stocks and bonds of leased or controlled roads, and to the
extent that this
cated.
is
the case capitalization
The following
is
is,
Mr. Fish's paper
Less than one-half of one-hundredth of one per cent.
seems important
with reference to the
and that is that the aggregate of capas reported by the Inter- State Commerce Com-
to bear in
*
of course, dupli-
:
GOLD AND SILVER PRODUCTION OF THE
WORLD IN 1898.
Mr. B, F. Butler, Acting Director of the United States
Mint, has furnished us this week copies of the Bureau's compilations of the world's production of gold and silver for 1898,
and from them we have prepared the subjoined tables. The
figures agree very closely with the results we presented in
February last, not only as regards the aggregate for the
world but also in the details for the various countries. In
fact, according to the Mint returns just made public, the
amount of gold mined in 1898 reached 13,904,363 fine ounces,
valued at $387,428,600, whereas in the Chronicle of February 11, page 254, we estimated the yield at 14,091,406 fine
ounces, valued at $391,294,726.
For the United States the final returns practically confirm
the estimate Mr. Roberts, Director of the Mint, gave out at
the beginning of the year. The figures indicate that Colorado has become decidedly more prominent than in 1897 as
the leading producing State in the country. The output of
her mines in 1898 covered over one-third (36 per cent) of the
whole product of the United States, and was nearly 50 per
cent greater than the California yield. In the other States
the changes were as a rule unimportant, although the ratio
of gain in Alaska was quite large. The details by States for
three years are as follow?, expressed in ounces and values
The statemeut that the railways of the United States are
over-capitalized has been so often reiterated as to be quite
generally believed.
While I know, not only that there is no water in the securities of the Illinois Central RR. Co. but that their sum
total does not represent, by millions of dollars, the cash actu
ally spent on the property, permit me to call your attention
to the following statements taken, with respect to the railroads of the United States, from the statistical reports of
the Interstate Commerce Commission, and, with respect to
those of the United Kingdom of Great Britain and Ireland,
from the returns of the British Board of Trade.
The statements contrast the situation in 1890, the first year
for which the Inter-State Commerce Commission published
statistical reports, with the year 1898.
It will be seen therefrom that, while the number of miles
of railroad in the United States has increased 18 06 per cent,
their capitalization, including both brands and stock, has increased cnly 14 64 percent; and that the increase in the
capitalization per mile of railroad is |3, a sum too small to
be expressed in percentages; less than one-half of one hundredth of one per cent.
QoldAlso, that the Gross Receipts of the Railroads in the Production,
United States have increased in almost exactly the same Colorado
ratio as the miles operated, viz., 18-58 per cent, while their California....
Gross Receipts per mile have increased |30, or less than one- So. Dakota...
half (45-lCO) of one per cent. This in a country which has Montana
developed enormously in the meanwhile, and whose popula- Nevada
tion is estimated by the Inter- State Commerce Commission to Arizona
Alaska
be increasing at the rate of 1,250,000 per annum.
On the other hand, in the same time, in the United King- Dtah
,
•
dom:
The number of miles operated increased 7'9 per cent.
The capital increased 26-41 per cent.
The capital per mile operated increased 17*15 per cent.
Gross Receipts increased in amount 20-39 per cent.
And
per mile operated, 11-57 per cent.
it is true that, as a whole, the English Railways are
better built than ours, there are many points in which ours
excel them, and there are also thousands of miles of railroad
in the United States which are well and permanently con-
While
structed.
The capitalization, including bonds and stocks of the railroads in the United States, is $60,343 per mile. That of the
railways in Great Britain £52,379 per mile, which, at $5 to
the £, equals |261,b95.
The increase in the capitalization of the railroads of the
United States,, per mile, in nine years, has been, as above
stated, |3.
The increase in the capitalization of the British Railways
er mile, during the same nme years, has been £7, 169, or, at
5 to the £, $38,345.
The figures are given as reported, without accepting responsibility for their accuracy.
:
GOLD PRODUCTION IN UNITBD STATES.
1898.
,
fine ozs.
1,1-22.073
>
Vaiue.
$23,195,300
756,483
275.723
.5.e9P,7iO
24ti,01t
5,126,900
15,a37,(-00
144,859
2.994.500
119,249
2.465.100
2.524.800
122.137
110,556
2,2'»6.400
Idaho
83,055
Oregon
56.938
1.716.900
1.177.600
Washington..
87.065
New
26,C74
1897.
,
f tn«
ozs.
924,168
707,160
276,491
311,563
143.983
140.089
88.011
83,500
»19,104.200
14,618.800
1.701.700
104.-263
2.155.300
1.353.100
60.512
19.626
23.017
1,>;51.000
11.500
828
405,700
475.800
37,200
276,400
17.100
$57,363,000
2,668.136
$63,088,000
Other States.
296
6.100
Totals.... 3.1ie,39S
$64,463,000
2.774.935
J
00
>
Value.
82.3-20
327,500
5
ozs.
1.726.100
15.843
Michigan
Fine
$14,911,000
15.235,900
4,969,800
4.324,700
2,468,300
2,604,200
2.055.700
South, states.
Mexico..
1896.
,
721,320
737.033
240,419
209.208
119,404
125,979
99,444
91,908
65,456
20.313
17.246
3.033
13.903
701
766.200
539.000
.
Value.
5,694,600
4,378,400
2.976,400
2,895.900
1.778,000
419.800
356,500
62,700
287,400
1.799
13,871
1,899.900
For other countries the Boreau's figures show that the tendency to enlarged productii^n is quite general. Africa's
position as the world's greatest producer has been materially
strengthened, the output of its mines having increased over
one million fine ounces during the year. Furthermore, Australasia has wrested second position from the United States
by a small margin, its yield for 1898 having been nearly six
hundred thousand fine ounces in excess of 1897. Russia
shows a gain for the year of 107,280 tine ounces and Canada's
production has more than doubled, reaching 669,445 fine
tunces, against 294,592 fine ounces the previous year; this, of
course, is a result of the large returns from the Klondyke
October
THE CHRONICLE.
28, 1899.]
mines. The details for 1898, re-arranged by ns so as to give
the countries in the order of their prominence as producers,
are herewith presented, comparison being made with 1897.
Only those countries producing a value of $2,000,000 or more
in either year are stated separately.
AVORLD'S GOLD PRODDOTION.
1898.
.
.
.
Fine ounces.
Value.
Africa
3,890,704
$80,428,000
Australasia
3,137,644
64,860,800
United States.... 3,118,398
64,463,000
Russia
1,231,791
25,463.400
Canada
*669,445
13,838,700
Mexico
411,187
t8,500,000
Britishlndia
376,431
7.781,500
China
294,059
16,078,700
aGulana
206,184
4,262,200
U. 8. of Columbia.
109,483
2,263,200
Austria-Hungarj-.
89,954
1,859,500
Other European
19,283
398,600
Other So. Amer'n.
201,677
4,168,000
All oth'r countries
148,123
3,063,000
1897.
.
Value.
Fine ounces.
$58.558,7C0
2,832,776
2,547,704
52,665,700
57,363,000
2,774,935
23,245,700
1,124,511
6.089,500
294,582
362,812
17,500,000
350,585
7,247,200
427,321
18,833,000
204,371
4,223,700
107,740
2,227,200
108,147
2,235,600
84,939
1,755,900
187,833
3,882,400
144,276
2,984,400
. .
883
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S.
— The sales of
of
week aggregate 295 shares,
Exchange and the
shares of stock of the Bank of New
at 580, more than double the price
bank stocks
which 20 shares were sold
balance at auction.
Amsterdam were
10
sold
this
at the Stock
paid at the last previous sale, in December, 1897, when 10
shares were sold at 2533^. The dealings in trust company
stocks amount to 325 shares, and were all auction sales.
Shares.
Bxsks—New
York.
Last previous sale.
Price.
American Exchange Nat. Bank.... 185
Broadway Bank, Nat
250^4
Torn Exchange Bank.
376-37978
Fourteenth Street Bank
153
5 Fourth National Bank
181
1 Hamilton Bank
146
25 Manhattan Co., Bank of the
26838
IOOI2
ICO Mechanics' & Traders' Bank
10 New Amsterdam, Bank of
580
*
20
20
34
30
89i2-90
50 Ninth National Bank
Trust Companies—i\reM>
'99—
'99'h9—
May '99—
Aug. '99—
Oct. '98—
Sept.
Oct.
Oct.
Oct.
Oct.
190
248ifl
374
150
192
120
'99-261%
'9—100
Dec. '97— 253ia
Oct. '99—
883t
Yorlc.
50 America, Trust Co. of
30 Atlantic Trust Co
175 International Banking & Trust
20 Metropolitan Trust Co
50 N. Y. Security & Trust Co
*Sale at the Stock Exchange.
— The fifth annual convention
236%
200
160-166
451
845
Oct. '99— 23914
Apr. '99— 225
Oct. '99—160
Oct. '99— 450
No sale in '98 or '99
of the Pennsylvania BankPa., October 19,
Association
assembled
Scranton,
at
* Including Newfoundland's product for 1897.
tEstimate of Mint Bureau.
presiding.
The report of
Charles A. Kunkel of Harrisburg
a British Guiana, 99,105 ounces; French. 79,547 ounces, and Dutch,
21,bZ2 ounces, a total of 206,184 ounces, in 1398; against British, the Secretary, Mr. Kloss of Tyrone, showed that there was
100,945; French. 74,299, and Dutch, 29,127ounces, a total of 204,37 1
great prosperity among the banks of the State during the
ounces, in 1897.
year, with no failures and but one liquidation; eight national
The world's production of silver, according to the Bureau,
and six State banks were organized in the twelve months
was but little greater than in 1897, having been 165,29.'i,572
ending October 1. The Association is large, having a memounces, against 164,073,172 ounces. At this time last year the
bership of four hundred, divided into eight groups; the total
Bureau made the 1897 aggregate 183,096,090 ounces, but has
receipts were $5,234 and the expenses $2,119. The Council of
since materially reduced its totals for Bolivia, Peru and
Administration recommended the setting aside of a fund of
Chili.
Mexico still continues in the lead in the mining of
$1,000 for the prosecution of forgers or other swindlers.
silver and is followed by the United States, Australasia and
The leading events of the session were several addresses of
Bolivia in the order named. The details of production for
more than usual interest. One was delivered by Charles S.
1898 make the following comparison with the revised results
Fairchild, former Secretary of the Treasury and now Presifor 1897. We give separately only those countries producing
dent of the New York Security & Trust Company; another
more than 2,000,000 ounces.
by Ellis H. Roberts, Treastirer of the United States; and still
WORLD'S SILVKH PRODUCTION.
another by Thomas J. Powers, Commissioner of Banking of
1898
1 897
the State of Pennsylvania.
Pine
Coining
Fine
Coining
Mr. Fairchild was happy in his remarks, both in the
ounces.
value.
ounces.
value
Mexico
56,738,000 $73,358,200
53,903,180 $69,693,000 clear and forcible way in which he expressed his views and
United States... 54,438,000
70,384,500
53,860,000
69,63,200 in the substance and character of the truths they embodied.
Australasia
12,021,682
15,543,200
11,878,000
15,357,400
He stated, that although he had only been an officer in a finanBoUvia
'8,204,568
10,607,900
8,204,568
10,607,900
Spain
*5,957,963
7,703,200
5,957,965
7,703,2C0 cial institution a few years, and never connected with a bank
Germany
5,571,516
7,203,600
5,498,135
7,108,700 except as director, he had held other positions of trust which
U.S. of Columbia 5.483,717
7,090,100
5,047,328
6,525,800 altogether afforded him a peculiarly advantageous standpoint
Canada
4,452,333
5,756,500
5,558,446
7,186,700
for an independent judgment of the relation banks bear to
Chili
2,591,998
t3,351,300
2,591,998
13,351,300
the
people. He considered that in many ways they were perOtherEuropean. 5,117,476
6,616,500
5,406,027
6,989,500
Oth'rSo. Amer'n.
forming
an inestimable service to mankind. One of the chief
2,342,453
3,028,600
3,€69,815
4,744,800
AU oth'r count's. 2,375,864
3,071,800
2,497,710
3,229.300 of these was that through the check and deposit system they
Total
165,295,572 $213,715,400 164,073,172 $212,134,800 furnished a currency, just as truly a currency for most transactions as gold or silver or bank notes. Should they cease
* Official figures for 1897.
t Estimate of Mint Bureau.
to render that service the great bulk of the business of this
Aside from explaining the compilations from which the country must stop. "Is it not a safe currency?" he asked.
foregoing tables have been prepared,, the Acting Director re- If the banks of the country are not safe for all the responsiHe said he "always
bilities they assume, nothing is safe.
marks
held
were
a higher security
maintained
that
assets
banks
the
There is no reason to expect any cessation of this steady
annual increase in the gold production for some years to than any municipal. State or Government bond, because the
come. The Transvaal has not nearly reached its limit Aus- prosperity of the things which go in to make the assets of
tralia—particularly West Australia— is not yet half develthe solvency of your
oped; Alaska and the Yukon have only fairly begun to pro- the banks is the condition precedent to
duce, while the recent steady increases in Colorado and other municipality, of your State or of your country." "Wipe out
Western States show no signs of abating. The present out- these assets and the life blood of the business of the country
put differs from that in the fifties, when the California would be dried up and nothing would be valuable." But we
placers yielded such enormous stores of gold, because those
further in the develcould be exhausted more or less speedily, while the present have not room to follow Mr. Fairchild
yield comes from the working of low grade ore, rendered opment of his thought.
profitable by improved methods of reduction, and is practiThe remarks by Mr. Ellis H. Roberts were also incally unlimited.
They very clearly brought out
teresting and timely.
Speaking of silver, the report states that Mexico is the
the country's finances
only country of large commercial interests that remains on a the facts and conditions affecting
For instance,
silver basis and that continues to coin silver in large quanti- which moat urgently demand attention.
fall
in
of
the value
silver does not seriously affect he asks, how shall more currency be provided in periods
The
ties.
the Mexican mine owners, for paying their expenses as they of acute demand for the movement of crops, for transdo, in silver, it perhaps requiresno larger percentage of their
In considerproduct to operate the mines now than it did when silver actions concentrated into special periods?
should be
matter
the
that
was worth a higher price. They suffer loss only upon that ing this, he expressed the thought
portion which is profit. Their employes bear the loss upon studied as a question of public convenience and not merely
the porticn which is paid to them; and, as a mere reduction of direct
"Somehow power should be lodged someprofit.
of profits never suppresses an industry, but, on the contrary,
demands for additional currency."
where
to
meet
pressing
often stimulates it to a greater output, the Mexican silver
To devise a method is a work of difficulty. Mr. Roberts
mines go on increasing their product.
The world's consumption of the precious metals in the arts thinks that students of finance and bankers "will be unaniand manufactures during the year was, in new gold 97,805
mous in declaring that there must not be any increase of unkilograms, of a value of $65,100,000, and in new silver, 1,065,289 kilograms, of a coining value of $44,273,000 and a com- secured Government obligations." He also states that indusmercial value of $20,200,000,
trial and trade circles in all civilized countries depend upon
Totals
13,904,363
$287,428,600 11,552,532
$238,812,000
ers'
,
.
,
—
:
;
THE CHRONICLE.
834
[Vol. LXIX.
banks for their circulation, and "the American people have are given below in conjunction with the figures for preceding
become accustomed to bank notes and will not dispense with months, thus completing the results for the nine months of
them." Mr. Roberts, however, seems to be of the opinion the calendar year 1899. The imports of gold were much
less than in August, the amount received reaching $955,114,
that the needed relief can be obtained through an issue of of
which $882,990 was in coin. Of silver there came in
notes based on Government bonds and not on an "issue of $262,021, of which $204,432 was bullion. During the nine
months there has been received a total of $12,725,271 gold and
Botes based on the general assets of banks."
$1,715,829 silver, which compares with $22,276,458 gold and
The Bankers' Trust Company, the organization of which $1,176,514 silver in 1898. The shipments of gold during
has heretofore been noted in this column, will begin business September were $435,200, almost all coin, and the exports of
at No. 10 Wall Street on Nov. 1. On Tuesday, Oct. 24, the silver have been $487,188, of which $171,388 was coin. For
following officers were elected: George W. Ely, President; the nine months the exports of gold have reached $2,433,699,
against $454,766 in 1898, and $4,025,253 silver has been sent
Francis H. Leggett and Louis V. Bright, Vice-Presidents; oat, against
$4,078,231 in 1898.
The exhibit for September
Alfred H. Swayne, Secretary, and John H. Allen, Assistant and the nine months is as follows
Secretary. The directors are John F. Dryden, William H.
IMP3RTS OF GOLD AND SILVER IT SAN FRANCISCO,
Hollister, R. H. Thomas, E. T. Halsey, George Coppell,
GOLD.
SILVER,
Francis S. Smithers, Edwin Gould, Almeric H. Paget, J.
Walter Wood, Jr., Bayard Dominick, D. Crawford Clark,
Total.
Coin.
Bullion.
Total.
Ooin. Bullion.
Benjamin N. Duke, William C. Park, Francis H. Leggett,
1899
S
$
$
$
9
$
William Schall, Jr., John W. Simpson, Albert E. Goodhart, January. 2,965,098
89,634 3,054,732 29,365 159,626 188,991
February.. 2,196,040
19,216 2,215.256 23.780
83,255 107,035
Percival Knauth, Gilbert M. Plympton, George W. Ely and Maroh
1,042,499 114,132 1,156,631 71,713
156,151 227,864
A.pril
131,614
978.700
129,09^
54,584 1,<133,284
2,522
Louis V. Bright.
May
741.605
67,035 808,640 63,215 173.375 236,590
172,244
1,462,084
49,832 1.511,91^ 70,063 102,181
Benjamin D. Sayre, who, as announced in this column Jane
July
558.878 155,979 714,857 78,023 147.612 225.635
October 21, was elected President of the Kentucky Bankers' August
1,226,525
48,316 1,274,841 19,476 144,359 163,835
72,124 955.114 57,589 204,432 262,021
Association, died at Lexington, Ky., on October 22. Mr. September 882.990
Sayre was one of the most prominent bankers in the State of Tot. 9 mos. 12054419 670,852 12725271 415.746 1,300,083 1,715.829
Kentucky, and was connected with one banking house for
EXPORTS OF GOLD AND SILVER FROU SAN FRANCISCO.
fifty-one years. During that period he also was Treasurer of
GOLD.
SILVER.
the first railroad built in Kentucky. At the time of his death
MONTHS.
he was President of the Security Trust & Safety Vault Co.
Bull'n
Total.
Ooin.
Bullion.
Total.
Ooin.
of Lexington, Ky., and also a director in many financial in1899.
9
9
9
9
9
9
702.829
252,055
83,025 619,804
stitutions.
Mr. Sayre was a nephew of the late David A. lanuary .. 252,055
—
:
.
.
—
Sayre,
who
established a
bank
in L<?xington seventy-five
February..
March.....
— It has been decided by the stockholders of the Louisville
City National
Bank
to place that institution in liquidation.
The capital is |200,000 and the surplus is $11,113, and it is expected that the creditors will be paid in full, and at once.
The President is James A. Leech and the Cashier is William
S. Parker.
The latter will probably have charge of the bus-
231,000
315,800
1,324 2.433,699 1,128.776 2.896,477
4,025,253
June
July
361,2'45
^,
August
September
457,980
434,780
110
420
(kprU
years ago.
457.095
212,910
340,177
342,904
151,670
600,664
729,816
487,188
53,915
380,595
54,380
331,810
105,575
May
tot.
53,915
381,18h
54,580
331,810
105,575
361,2^5
458,090
435,200
-•••
594
200
• •
••
- - a
9 mos. 2,432,375
420.792
101,153
307,472
304,256
137,800
36,303
111.757
32,705
38,64'^
13.870
142,264
498,816
171,388
4°i8,4u0
DEBT STATEMENT SEPTEMBER
iness of the bank during liquidation.
—Fletcher
S. Heath of the Seventh National Bank has
been elected a director of the North American Trust Co.
The
30 1899.
following statement of the public debt of the
United States on Sept. 30 1899 is made up from
meeting of the New York Clearing House
Further on we
ofi&cial figures issued on that day.
Association on Thursday,'ithe Hide & Leather National Bank
holdwas admitted to membership. This makes forty-five na- give an interesting exhibit of the Treasury cash
tional banks in the Association, and with the nineteen State ings of the same date.
INTEREST-BEARING DEBT SEPTEMBER 30 1899.
banks a total of sixty-four banks.
The Hide & Leather
Inter e t
Amount
Amount Outstanding.Bank has a capital of $500,000 and a surplus of $240,200, of
Total.
payabU.
issued.
Registered.
Coupon.
JitU of Loanwhich $80,000 was accumulated during the past twelve
$
$
4W8, Fund. loac, 1891. f. _^ 250,000,000
25,364,500
26,364,560
months. Its stock sold recently at auction at 1243^, the last
Continued at 2 p. c. { '^^ ™559,652,650
746,9ii',66b 491,364.400
68.888,250
^a, Funded loan, 1907.
37.680
previous sale having been at 118.
40,012,750
48, Ref und'tj certlflc's.
—At a
special
.
?
—In
the Chronicle of October 7 attention was called to
the fact that on the previous Tuesday call loans were made
at the Stock Exchange at 40 per cent, the highest rate recorded since^Nov. 7, 1896. It was alleged that this 40 per
cent rate was due to manipulation of the money market in
the interest of speculators in stocks: The attention of the
Governors of^the Stock Exchange was publicly called to this
specific transaction with the hope that it might be investigated. The committee appears to have made the desired inquiry and this investigation resulted on Wednesday in the
adoption of the following resolution which, it is hoped, will
effectually prevent in future manipulation of the money
market;
Resolved, When a member has contracted to borrow money
on collateral, the simple payment of the interest by the borrower to the lender after 3 o'clock p. m,, without actually
effecting or properly end avoring to effect a loan, may be
held to be an evasion of the contract and an act detrimental
to the interest and welfare of the Exchange, and the offending member may be proceeded against under Section 6, Article XVlIj of the Constitution.
Section 6, Article XVII, of the Canstitution, it may be
noted, provides that the offending member may be eicher
suspended or expelled from the Stock Exchange, as the Governing Committee may decree.
5s,
48,
3s,
Loan of 1904
Loan of 1926
100,000,000
162,315,400
q'-f!
of 1908-1918
The Collector of Customs at San Francisco has furnished
us this week the details of imports and exports of gold and
silver through that port for the month of September, and they
67,9:^1.850
32.668,156
115,532,500
101,081.460
97,697,260
100,000,000
162,315,400
198,678,720
4",">'2,900
Pac.RR. bonds. 1,491, 960,870
Note.— The denominations of bonds are
801,374,710 244,736,560 1,043,048,850
as follows: Two per cents (registered
only), $50, $100, $j.0u, <;i.O(lO, $5,000, $10,000, $30,000, $50,00J; 4s of 1907, reglstered, $50, $100, $500, $1,000, »5,000, $10,000, $20,000, $50,1100, coupon, $50, $100.
|50u. $1,000; 4s, refunding certificates, $lii; 58 of 1904, registered, $50, $100,
ll,000,$10,00u, coupon, $50, $100, $1,000, 4s of 1925 registered, $.5", $100, $500.
$1,000, $5,000. $10,000, coupon. »60, $100, $500, $1,OjO; 3s of 1W08 1918 registered,
Tot., excl.
$<;0,
$100, $500, $1,000, $5,000. $10,000.
DEBT
OJJ
coupon, $20. $100, $500, $1,000.
WHICH INTEREST HAS CEASED SINCE MATURITY.
August
Funded Loan of 1891, matured September 3 1891.
Old debt matured prior aud subsequent to Jan. 1 '61
.
.
September 30Illo.HOOOO
1,104,!30 26
31.
$110.80 00
1,104,360 26
'
$1,215,030 26
$1,215,150 26
Debt on which interest has ceased
Bondd issued to Pacific railroads matured but not vet preCentral Paciflo, $d3,'j00;
sented; Union Paciflc, $2,l,0oo
Kansas Pacific, $7,000 total
;
$63,000 00
;
DEBT BEARING NO INTEREST.
$346,681,016 00
53,847 50
35,721,240 00
$15,257,312 66
8,375,934 00
United States notes
Old demand notes
National bank notes— Redemption account
Fractional currency
Less amount estimated as lost or destroyed
$389,387,513 16
Aggregate of debt beaj-ing no Interest
RECAPITULATION.
Aug. SI 1899.
Sept 30 1899.
$
$
.1,046.018,8.'0 00 1,046,048,850 00
1,216,0.S0 26
1,215,160 26
38W,395,4v;7 16
38t»,33?,612 16
Inc. or Dec.
.
ClasHiflcation of
DeNt—
Interest-bearing debt ..
Debt, interest ceased
Debt bearing no Interest.
.
Total gross debt
in Treasury.
Cash balance
Total net debt
The foregoing
IMPORTS AND EXPORTS OF GOLD AND
SILVER AT SAN FRANCISCO
198.678, '(20
.
1,436,«0J,.'}92
.
42
l,43rt,659.427
I
Dec.
Dec.
120 00
57,916 00
Dec.
5P.086 00
8.342,740 61
42
257,696,012 b»
27t,352.872 38
l.H8,905,779 53
1.157,300,555 04
Inc.
Dec. 8,400,776 51
show a gross debt on
Sept. 30 1899
(interest-bearing and non- interest- bearing) of $1,436,6 )1, 392 42
and a net debt (gross debt less net cash in the Treasury) of
11,148,905,779 53.
figures
Pacific Railroad Debt.
in the official total of the
present status
—These bonds are never included
Government
we have made
debt.
To show
the following compilation:
their
October
THE CHRONICLE.
28, 1899.]
UNLIQUIDATED BONDS ISSUED TO PACIFIC RAILROADS-THEIR
STATUS OCTOBER 1 1899.
685
For purposes of comparison like figures for the corresponding periods of the preceding year are given
date.
:
Railroad Liability.
Ufame
of
Bondi
RaUioav
Net
Paid
Issued
by Gov't.
$
Cent.Br.,U.Pac..
l,60ci,0o0
West.
l,970,f60
1,638,320
Total
•
is.mVeis
31.211.712
2,168.693
3.453,103
2.584.41S
U.S.
$
$
53.3&9,053
*12,910.458
40,253,6C6
63.489.505
13,910,458
5,4&V6'6J
5,423,66:-
5S,448,<;24
3.758,693
82,617,839 27,f9'^,070 111. o?". 781 139,271,850 7.969,501
64,623.512
Government accepted
%
9,100,462
Third Quarter.
Due
Total.
Oovernm't.
6,607.45'V
No.oJ
Balance
wih
Fund.
$
36.604.385
-1899.-
Settlement
Sinking
by Gov't
Kansas Pacific. 6,303,000
Union Pacific. 27,236,512
Pacific...
Through
Int.
Central Pacific. 2S,8>'5,120
8I0UXC.& Pac
Repaid by Companies.
bonds— $6,303,0u0—in
principal of
Indebtedness
payment of
full
all
Failures.
321
430
286
Nevr EDglanrt States
Middle States
Southern States
Southwestern States
Central States
Western States
Pacific States and Terrl tor's.
-1898.
Amount Of No. of
Liabilities. Failures.
Amount
of
Liabilities.
133
405
174
252
$2,93-,237
4.135,935
2,091,262
I,l70.3e9
5,615,892
885,530
806,747
394
651
379
152
481
210
273
$5,215,926
6,390.829
4.412,831
904,706
5,446,342
Aggregate United States... 2,001
$17,640,972
2,540
$25,104,778
$1,800,484
278
$1,875,447
Dominion
of
Canada
290
1,-821,103
910,041
Ni7ie ilovths.
Treasury Cash and Demand Liabilities.— The cash hold
Ings of the Government as the items stood Sept. cO we take
from the Treasury statement of that date. The net cash
balance given below is the same as deducted above in reaching the net debt.
New England
$18,.'5
Central States
1,228
Western States
578
Pacific States and Territor'a, 747
$12,922,P69 1,411
13,844,291 9,140
9,290.240 1,557
647
2,920,571
14,804,020 1,765
810
2,919,995
928
3,002,119
Aggregate United States... 6.854
$59,703,905
9,258
$92,549,417
$7,468,684
988
$6,880,487
1,249
1,388
1,179
States
Middle States
Southern States
Southwestern States
485
97,732
29,804,046
12,632.419
4,0^1,782
17,355,640
5,528,679
4,609,119
CASH IN THE TREASURY.
Gold— Coin
.I221.2-1.987 71
Bars
Sliver— Dollars
131,7 3 ',391
57—$353,002,379
413,367,133 00
2,477,571 .''4
83,783.7-)4 99 - 499,628,449 33
Subsidiary coin
Bars
Paper- United States notes
Treasury notes of 1890
Gold certificates
Silver certificates
Certificates of deposit (Act
31,726,116(0
1,210,105 00
3B,h27,.' 60 00
8,
1872)
230,(
3,640,141
59—
78,678,145 f9
593,522 09
154,8^629
I
'6,9'2,3r4 20
6,211,40950—
Aggregate.
83,932,11208
11.016.241,086 28
DEMAND
LIABILITIES.
Gold
certificates
$135,5"', 119
Silver certificates
405,197. 5^4
Certificates of deposit Act June 8, 1872
16, 1 00,000
Treasury notes of 1891
91,187,-.i80
Fund for redemp. of uncurrent nat'l bank notes &,73t,606
Outstanding checks and drafts
Disbursing officers' balances
00
00
00
0O-$617.9e5,903
36
67,273,172 61
7,236,671 74—
Goldreserve
Net cash balance
$100,''00,000 00
187,695,612 89
in the
in the
Oi
6,2(-3,il9 63
Agency accounts, &c
79,679,570 39
We
take from Dun's Review the following statement
showing the failures in the United States by branches of
trade for the three months ending Sept. 30 in each of the last
three years:
FAILURES BY BRANCHES OF BUSINESS.
Three Months Ending September
1899.
Machinery and tools
Woorns.c'rp'ts&knitgoodt
Cottons, lace and hosiery..
Lumb'r.carp'nt'rsA coop'rs
Clothing and millinery.
Hats, gloves and furs.
Chemicals, drugs & paints
Printing and engraving...
Milling and bakers
Leather, shoes & harness
Liquors and tobacco
.
Olass. earthenware
All other
5
4i
6
190,32^
l.lv;4,7B4
29- ,617
28,50'
46
••i
91
1.120.612
53
271.05.;
65
4
31,-00
116,007
10
14
35
3v
49
34
448,5-4
63,900
110.500
20<.
6,407,9; 7
542
867.698
6
3
20
If"
4;;6,30b
331.31tt
478,591
48S,463
24C.C92
457,500
3,781,415
10,1(8,09-.
7
12
1,424,175
1,308.424
257
114
i'6
1,1! 6,2:11
1(4
230
1M>
119
111
193
h7.S,10'
25!-
91
908.216
816,93
l'59.l*'9
n-
1.37b,657
3:^
'<!3^27u
46
484..' 77
5t
376, 14H
776.16
471.934
9,446,821
52.-
206
614
7
2tf-.4i8
74l,--23
651
607.630
925,717
606,626
603,07^
4b4036
3'^5.0B2
3,253, e 50
14
1,086,^31
1,60] ,2lt
8«
377.98-.;
201
l,4f 0,238
44:-
60
76
$
512.069
945,614
303,160
143,000
1,121,600
«84.449
42
34
15
lAabUititi
33
57
1 98,0'^ 6
435,533
349,663
) 17,369
243.69
1,777,456
16
.
$
81-
IS
No.
l,52i>,2
].<<
45
8
6
67
1>
32
80.
1897.
Liabilities.
1U,4J4
Total manufacturing...
Hotels and restaurants
Liquors and tobacco
Clothing and furnishing.
Dry good s and carpets
Shoes, rubbers and trunks
Furniture and crockery...
Hardware, stoves & tools.
No.
8
129
.
62206
3
St-
& brich
Traders.
Q eneral stores
Groceries, meats and flsh
1898.
$
69.00
409,514
764.{'8o
l,09i',991'
l,316,6f9
1.264,8.^9
1,030,721
Drugs and paints
84
800 979
Jewelry and clocks
Books and papers
Hats, furs and gloves
26
136,3w.
86
88
2u
10
3
2'
87,618
18^
82,723
11.B47
1.273,744
66
98
123
33
29
11
271
.S44,837
8,8!:6,921
830
300,222
4' ,976
8,163,682
1,50P
Total trading....
Brokers and transporters.
69
8,642,214
3,890,78)
i.gFs
11,595.422
3..01,?59
2.174
12.832,12S
73
17,640,97i '3,E40
25.104,778
2,8=1
Another
Total commercial
2,001
by quarters for the three quarters
of failures
—
.
.
—
.
.
Third Quarter.—.
Amount of
No.
Tears— Failures. Liabilities. Failures. Liabilities. Failures. Liabilities.
1885
3,658 $46,121,051 2,346 $28,601,304 2,173 $23,874,391
1886
20.752,734 1,932 27,227,630
1,953
3,203 29.681,726
1887.... 3,007 32,161.762
22,976,330 1,938 73,02 ?,556
1,905
1888
29,229,370 2,361 22,114,254
2,948 38,884,789
2,241
1889
3,311 42,97:^,516 2,292
22,856,337 2,276 30.227,045
1890
3.223 37,832,968
2,162 27,466,416 2,196 35,452,436
1891
2,529 50,248,636 2,754 44,302,494
;S545 42,167,631
1892
3.384 39,284,349 2,119 22.989,331
1,984 18,659, 2J5
1893
3,202 47,338,300 3,199 121,541, 2d9 4,015 82,469.821
1894
4,304 64,137,333
2,735
37,601,973 2.868 29,411,196
1895
2,792 32,167,179
3,802 47,813,683
2.855 41,026, •j61
1896
4,031
57,425,135 2,995 40,444,547 3,757 73.285,349
1897
3,932 48,007,911 2,889 43,684,876 2,881 25,601,188
'898
3,687 32,946,565 3,031 34,498,074 2,540 25,10»,778
1899
2,772 27,152,(J31 2,081 14.910,902 2,001 17,640,972
[From oar own oorrespondent.]
$8,342,740 61
FAILURES BY BRANCHES OF TRADE.
Manufacturers.
Iron, foundries and nails..
891
$ 1.015,'?41,086 28
1279,352.^72 38
287,695,612 fcO
Increase during the month.
Liabilities.
Canada
287,696,612 89
Treasury Aug. 31 1899
Treasury Sept. 30 189W
No.
of
The record
.
00 00
paid, await-
ing reimbursement
Minor coin and ractional currency
Deposits innat'l bank depositaries— general acc't.
Disbursing officers' balances
Dominion
of the lastjfifteen years is as follows:
First Quarter.
Second Quarter.
Amount of
No.
Amount of
No.
5.(l43.62i00
June
National banknotes
Other— Bonds, interest and coupons
Aggregate
Net cash balance
Net cash balance
2s
3''4.464
If 3.62
11
56
513,019
909,78
488,6t8
i-
22-2.147
8,3'<
2,2 Je
25.601.188
NOTE.—Iron, woolens and cottons include all the branches of those manufactures; machinery includes implements and tools; lumber includes saw
planing, sash and door mills, carpenters and coopers; clothing includes millinery
and furnishings; hats include furs and glo.es; chemicals include drugs, fertilizers, paints and oils; printing and books include engraving and maps; milling
Includes baking; leather and shoes include makers of harness, saddlery, trunks
and rubber goods; liquors include tobacco, wines, brewers and beer; glass includes earthenware, pottery, brick, lime and cement; groceries include meats
and flsh; hotels Include restaurants; dry goods include carpets and curtains;
furniture includes crockery; hardware includes stoves and tools; and jewelry
Includes clocks and watches. Brokers Include all real estate, note, insurance
or produce dealers whose main business is not the handling of actual products
and transporters include all except ir corporated railway companies.
Failures for Third Quarter and Since January 1.—
The following figures, prepared by Col. W. M. Grosvenor
for Messrs. R. G. Dun & Co., show the number of failures
in the United States and Canada during the quarter ending
Sept. 30, 1899, and for the nine months ending with the same
London, Satuiday, October, 14, 1899.
Business on the Stock Exchange continues very quiet. The
fortnightly settlement this week shows that the bull account
The public is
is very small, and it is likely to continue so.
holding aloof from most departments, but there has been a
fair amount of buying of Soath African gold mining shares.
There is little speculation, however. The purcnases are by
persons who are able to pay for and take up the shares.
The chief cause of the stagnation is now the fear of very
dear money. The ultimatum addressed to our Government
by the South African Republic has put an end to all uncer
tainty respecting the Transvaal dispute. The public accepts
the situation calmly, confident in the ultimate success of the
British arms. Everybody here recognizes that for a few
weeks the Boers will be superior in numbers to the British
and that the Biitish military authorities, therefore, must remain on the defensive. Thjft being so, the public is prepared for some Boer successes at the beginning. But that the
British army will ultimately triumph nobody doubts. If the
South African war were the only influence, it is probable
that there would be a very considerable increase in business
and a general rise in prices; but the fear of dear money warns
people to be careful how they act. In the first plai'.e, it is
not known how much money the Government will have to
raise to carry on the war or in what manner the borrowing
will be effected. The danger, therefore, that large sums
may be raised in the open market warns_ people to be very
careful.
Probably the amount to be borrowed will be much smaller
than is anticipated, for the Government holds very large
sums unemployed on account of the savings banks. But
Moreover,
still there is uncertainty, and it checks business.
the outbreak of the war stops for the time being the despatch
of gold from South Africa to London, and will tend, consequently, to decrease the reserve here and raise the value of
money. Over and above this, the Government will have to
send out very large sums in gold when the troops, now
being mobilized, arrive. There will be between 70,000 and
80,000 British troops in South Africa, and to pay these and
supply them with everything requisite for an army in the
At the same time,
field will require very large amounts.
the great activity of trade at home is taking very large sums
from London to the interior. Especially it is noticeable that
the demand for gold for Scotland is exceptionally grea*-. and
that demand will probably increase during the next few
weeks, as there is always an expansion of the Scotch note
circulation in November.
In Germany there is less stringency this week than last
week, but that is due to temporary causes. The probability
is that the stringer cy will increase again before the end of
the month, and it is possible that gold may be taken for
Berlin. The best opinion in London is that not much will
go, but nobcdy can foresee what may happen in that respect.
The Bank of France is refusing to part with gold. During
the past week it has allowed small amounts to be sent to
London, especially American eagles; but during the past few
THE CHRONICLE.
886
it has refused to furnish more, and the likelihood seems
to be, therefore, that exceedingly little gold will come from
[Vol. LXIX.
Supplies available for consumption (exclusive of stocks on
days
September
1):
1899
imported, cwt.
was generally expected that the Russian Government Wheat
Imports of flour
its
Paris,
because
would have to send gold to London and
Bales of home-grown.
It
balances abroad are exceptionally low just now and there is a
strong demand for money at home. But the Russian Government has been able to complete the negotiations which
have been going on for some months now with the Credit
Lyonnais in Paris by which it obtains nearly five millions
sterling. That will enable it to meet its engagements for
some time to come, and probably, therefore, very little Russian gold will be received either in London or Paris during
the remainder of the present year.
With regard to the
United States, it is hoped here now that not much gold will
have to be sent; still there is uncertainty and apprehension,
and if gold were to be tat en it would very seriously reduce
the reserve of the Bank of England.
For all these reasons it is generally anticipated that money
will become very stringent by and by, and all cautious
operators, therefore, are refraining from entering into new
enterprises. In the meantime, however, rates are somewhat
lower this week. Money is in plentiful supply, and, encouraged by it, bill-brokers and discount houses are taking bills
freely.
This is a temporary circumstance, due mainly to the
payment of the interest on the National Debt. From now
forward bills discounted by the Bank of England for the
open market will become due, and money therefore will have
to go into the Bank, while if the Government borrows on
treasury bills the drain may become very considerable, and
if it becomes necessary the Bank ot England will itself borrow, no doubt. Therefore the general expectation is that
the present ease will be very short-lived and that in a week
or two rates will rise fully to the level of the Bank of England.
Whether they will go higher is of course impossible
6,455,700
2,154,230
3,640,390
6,160,000
1,737.400
4,300,327
1896.
6,463,730
2,439,390
3,457,957
14,254,700
1899.
12,250,320
1898.
12,197.727
1897.
12,361,077
1896.
The following return shows the position of the
SCO.,
Bank
rate of discount, the prioe of
with the last three years:
compared
1809.
1808.
Oct. 11.
Oct. 12.
£
Circulation
Public deposits
Other deposits
Government securities
other securities
Reserve of notes and coin
(Join AbuUlon, both depa#tm't8
Prop.reservetoUabllitles.p.ct.
Bank rate
percent.
Consols, 2« per cent
SUver;
1897.
Oct. 13
£
28,444.600
7,092,333
45,2 2.84»
15.610.990
33.223,663
21,118,122
32,767,722
£
27,704,676
7.176.652
36,464,261
12,901,H40
2«,240,396
20,291,376
31,196,951
46 5-16
tl
40H
5
1039^
26^d.
162.813,000
Olearlne-Honse returns...
* October 14.
+ October 13.
27,872,766
7,168852
40,632,667
36,'^5b.0a6
29,38i,2U
20,924,263
31,997,028
4311-16
*'S
109%
11111-16
27ha.
26J6d.
126.870.000
141,856,000
The Bank rate of discount and open market rates at the
chief Continental cities have been as follows:
Oct. 13
Ratef of
Interett at
Bank
Rate
Oven
Paris
Berlin
Bank
...
Frankfort.
...
Marke'
8
3
6
Hamburg..
Oven
Market Bate.
3
Sept. 29
Oct. 6.
6
Open Bank
Rate. Market Rate.
Bank
3
6
3
6
5
6
5
6
5^
5^
5
6
6
5
6
iH
SH
4M
SH
4^
3«
6
4%
Brussels
4^
4
4
Vienna
6
5«
6^
6
6«
6X
5
5
5
6M
6
6»
3
4
3
4
8
4
6H
5«
bi4
5H
Petersburg.
Madrid
Oopenhagen.
6
4
6
6
6
8
West
Indies, £19,000; Australia, £48,000.
Silver- Since last week the market improved to 26i3igd., bnt in spite
New York refusing to sell, to-day's price is 26%d., and there are
very few buyers. Indian price etJ'^g Shipments— Oct. 6: Bombay,
«115,C00; Hong Kong, £23,000; Shanghai, £18.000. Arrivals: New
York. £224,000; West Indies, £35,000; Chile, £9,000.
Mexican Dollars— No business is reported in these coin.
for bullion are reported as follows
8.
Bar
oz.
s.
77
5>a 76
6i2 76
6i2 76
76 5 76
gold, fine
oz. 77
U. S. goH coin...oz. 76
Qerm'n gold coin.oz. 76
French gold coin.oz. 76
Japanese yen
d.
Oct.
5.
9
Silver.
Oct
12.
5»a
6i2
eifl
5
d.
Bar silver, flne...oz. 26\
Bar silver, contain'g
do 5
do 4
do 3
grs. gold.oz^
grs. gold.oz.
grs. gold.oz.
Cake silver
oz.
Mexican dollars. oz.
Oct.
5.
d
2658
27J4
2718
271,6 26^6,6
2678
28i3i^ 2811,8
27 14
27
The following shows the imports of cereal produce into the
United Kingdom during the first six weeks of the new
season compared with previous seasons
Peas
Beans
Indian
Flour
373,840
482,400
7,169,300
Com
365.000
187,0^0
6.550,400
2,757.600
23=.,180
289,550
5.971,600
2,154,230
2,075.-i20
1,737,400
2758
271a
130%
131
2214
7878
2214
79 14
131a
13%
39 14
118i«
88
13
I42I4
3918
118
8714
1318
1421a
26%
27
73
73
56
5618
7-88
68I4
1138
3II4
I7I4
391a
127e
5578
7758
6818
11
49
8OI4
79^8
22%
Imports and Expoi ts for the Week. The following are
New York for the week ending for dry goods
Oct. 10 and for the week ending for general merchandise
also totals since beginning first week January.
Oct. 20
the imports at
1898.
1899.
1896.
6,463.730
2,595,420
1,801,650
349,39";
373.320
8,182,880
2,439,390
1896.
1897.
Gen'l mer'dise
$1,928,590
8,496,440
81,463,779
6,028,292
$1,774,833
6,728,184
$1,551,746
6,646,272
Total
Since Jan.l.
810,425,030
$7,492,071
$8,503,017
$8,198,018
$75,858,703 $105,258,842 $91,157,993
269,075,459 298,182,491 .^71.686,791
$84,055,166
330,214,750
Qen'l mer'dise
Total 42 weeks $414.269,916|f 344,934,162 $403,441,333 $362,844,784
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Oct. 23, and from January 1 to date.
NEW YORK FOR THE WEEK.
EXPORTS FROM
1899.
1898.
$13,716,125
357,438,280
$8,612,107
377,446,800
1897.
1896.
$10,105,039
$8,040,417
325,456,929 301,324,044
Total 42 w^eeks $371,154,405 $386,058,907 $335,561,968 $309,364,461
The following table shows the exports and imports of
specie at the port of New York for the week ending Oct. 21
and since January 1, 1899, and for the corresponding periods
in 1898 and 1897.
EXPORTS AND IMPORTS OF SPECIE AT
NEW
YORK.
Imports.
Fxports.
Gold.
Week.
West Indies
Mexico
South America
All other countries.
Total 1899
Total 1898
Total 1897
Week.
$26,945
37,191
3,2f-0.000
$271656
.
Since Jan.l.
$9,025,000
7,397.580
Germany ............
1897.
6,160,000
2,7a6,41o
2658
104Bia
10378 1045,6
100-45 00-37ia
6018
61
22
2258
67 14
6678
.54 14
5379
7514
75%
9978
93^
81
(£>ommtvcinl atid '^isc&llKntons ^ettrs
Great Britain
France ...........
IMPOHTB.
1899.
1898.
Imports Of wheat.owt. 7.277,100
6,45=>,700
Barley
2,028,500
3.620,800
Oats
2,482.600
1,786.670
Fri.
2688
103
.
For the week..
Prev. reported
:
London Standard.
d.
9
Thurs.
1
Dry Goods
of
12.
Wed.
Tues.
i
,
Dry Goods
:
Oct.
Mon.
Sat.
For week.
4M
3%
*%
:
Gold.
London.
FOREIGN IMPORTS.
&
London Standard.
Markets— Per Cable.
;
Messrs. Pixley
Abell write as follows under date of
October 12
Gold— The Bank has received £1,070,000, of which £683.000 were
bars, £133,000 French coin, £114,000 U. S. Coin. £68,000 Russian
coin and £72,000 German coin. Against this £200.000 has been withdrawn for the Cape and £50,0()0 for Egypt. Shipments— Oct. «
Bombay, £5,000. Arrivals: South Africa, £289.000; Chile, £3.000;
The quotations
630.000
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Oct. 27.
m
6
6
Bt,
Engllsli Financial
1897.
1,575.000
230,000
460.000
1898.
1,205.000
305,000
—
Oven
Marke
2%
8
Amsterdam.,.
m
This week.
Last weeJe.
qrs..), Q„rtftnn5 1,645.000
'"•"""<
5^'^
Flour, equal to qrs..
310,000
Maize
965.000
qrs..
980.000
Wheat
Sept. 22.
3
5
6
6
Aver.prioe wheat.week 268. Od.
268. 6d.
263. 7d.
328. Id.
Average price, season. 258. 5d.
248. 6d.
268. 4d.
338. 4d.
The following shows the quantities of wheat, flour and
maize aiioat to the United Kingdom:
2658
2658
d.
SUver, per ounce
26Uie 2658
1041 16 I03i3if 1031516
Oonsols. new, 2 ^ p.ots. 104ie
1043,6 104ifl
10379
104
For account
FVoh rente8(in Parl8)fr. 100-35 00-37ifl 00-2712 00-4713
60S8
6058
Spanish 48
60\
60%
2134
2178
22
22ifl
Atoh. Top. & Santa Fe.
65 '8
6658
6578
Preferred
66%
5418
5418
54
5479
Baltimore* Ohio
7414
Preferred
74%
76%
741a
9716
Canadian Pacific
96
96%
97%
Central Pacific
2714
Chesapeake & Ohio
27
26%
26%
I2914
129% 13058
Ohio. Mil. & St. Paul.... 12878
2188
2158
2134
Den. & Rio Gr. com
21%
77ifl
Do
do Preferred.. 77>fl
77%
771a
1338
1358
I314
Brie, common
131a
3«l8
38
39
37%
1st preferred
118i<
H8i«
11854 118%
Illinois Central
86I4
& Nashville. 8514
87
86>e
Bank of Louisville
1258
Mo. Kan. <fe Tex., com.. 1258
12%
12%
consols, S.Y. Cent'l & Hudson.. 142 14 14214 1431a I4214
25I2
26I4
2558
N. Y. Ontario & West'n
25%
7184
72
Norfolk & West'n pref
72%
72%
1896.
55I4
Pacific,
55ifl
5538
Northern
com.
5558
Oct. 14
Preferred
7758
77%
77%
771a
£
67''8
Pennsylvania
68
6818
68
27.445,550
5.420,991
1078
•Phlla. & Read
1078
10%
10%
47,''06.l8t
30ie
•Phlla.&Read., Istpref. 30
3038
30 »4
16,1^5.947
1658
*Phila.&
Read..
1658
1688
pref. 16^8
2d
27,986,077
3878
3914
Southern Pacific
38%
3878
26,770,998
I2I3
1238
1238
1214
South'n Railway, com.
37,596,615
54''8
55 14
Preferred
5514
55 iq
50^
3
45-78
4H%
4638
Union Pacific
4678
lOSj^
79 14
Preferred
79
79
79%
29Md.
2158
2213
Wabash, preferred
22
21%
124,537,000
Price per share.
to foresee as yet.
ESngland, the
Total
1897
1898
7,277,100
2,757,600
4,220,000
France.
5,603,141
36,060
'32,516
468,552
130,246
8,583
4,614
$27,056 $25,910,579
152,705
8,.570,162
5,000 29,714.922
SinceJan.!.
$6,289,815
2,933,056
1,128,132
2,183,289
234.318
522,226
77,811
$109,849 $13,368,648
2,414,'>80 94.213,742
4,562.841' 13.015.701
October
THE CHRONICLE.
28, 1899,]
887
Imports.
Exports,
V. 8. Bo>ids
Silver.
Since Jan.l.
Week.
Great Britain
France
Oermany
West Indies
Mexico
Bonth America
Ail other countries.
Total 1899.
Total 1898.
Total 1897.
Week.
iSinceJan.l.
$926,885 $34,906,003
27,260
1,788,080
237,800
20,000
507,202
9,600
"4.7b0
117,123
10,856
$16,899
3,920
$386,941
10,308
9,055
27,632
14,432
1,915
615,566
1,317,048
829,360
39,594
$978,845 $37,576,664
37,897,461
37,944,684
$73,853
44,942
96,236
$3,204,186
2,032,731
2.405,076
5,369
1,027,412
916.703
Of the above imports for the week in 1899, $32,160 were
American gold coin and $235 American silver coin. Of
the exports during the same time $27,056 were American
gold coin and $20,000 American silver coin.
liOVERNMENT REVENUE AND BXPENDITUBES.— Through chC
courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursements for the month of August. From
previous returns we obtain the figures for previous months,
and in that manner complete the statement for the eight
months of the calendar years 1899 and 1898.
RECEIPTS AND DISBURSEMENTS
(000 omitted.)
CD
CtJ-
ao
3 1
m
m
aa
00 OD
?3
H
b3
£2.W
g.
•OT3
W
£.
" "
rg
a.
S
(B
Ml-M
00X3
COCO,
ooe;
<*
S
2o
-^ ^
r: rt
B
»9
o
E,
^«
tOM
COltk
05 (0
cnos
ooco
oioo
-1-*
CO -I
»—
ts-«
l->
CO
It^
00
p
-^
— ccotoaico
.<»
CO
l(k
00
— ^q&itfc
l(^
««
-." ilk.
CB OS
CO -a'=>'Vl'co
OOOCOt^lQOS
2
I— !0 -J CO as
CO
ICO
-'
.1
l(k
^ 63
I
I
I
CTrfkOOMCDCT
010
aSMQs
ick
tSM
ibN)
O 00 CI o o^
<l 1^
^t3*J*,,;k09
ii^i».
<X<3>
<kOO
<SUI
»9cD
cocoon
0DOrfkci*163
CC 05,^060*-*
ADQOODOS'&i^
t30
0D<c
0160
COM
00* <£
Ol 05 OS
OI^^
*>«
<oias<kcoitk
to CO ex
Xa5"-63
K>
OX03 — CO A.
o
— -1 » o*
00 M X
ODI'^CtOXai-*
CO
o**Mcoco
o
to X O — * Ol
I
— i6.bS
tJl63tO
I
(3 •ICO
•J 60 CO
OO-
60 00 to OS «3
OOM
*^
Ilk
N^ CO
oocoi^
_*-pao
VoiQO<»
05 .-X
K>«>.CO
tOM
woo
$243,290,128
<JMX
WW
wpco
« o » a«
oo
«a5«oo — CO
'Ol
•} o3«aco
coco'--***.-^
-IXOI
60M
_f3nop
bo
OIm'I..
Ij'co'cc**
O-JO
•J
M
I
I
I
s>
I
tSM
^T'MO
OI
COXX — "3
COOIO
*»3<n
to*® copjo
O CDOMOCO
ca^3>ioco^]
CI<XOI*00<
I
I
I
OOlO
*
O
lO
I
MM
— OltO
M_*.._co
XCO 63
I
•ICO-}
CO
CO
I
I*'
I
oolo— <»
*.O60
1.
Aug.
1.
Sept. 1.
Oct. 1.
35,758,600 35,998,402 35,773,574 35,898.443 35,975,955
II
60
I
Nine Months 1899.
September, 1899.
Denominations.
Value.
Pieces.
f
Ol-Ol
mm
July
1.
«OIO
»-s
M COj-rJ
X O
36
*-}0
0»0l OI
i
«0M
1^
I
pC
$35,975,955
Coinage by United States Mints,—The following statement, kindly furnished us by the Director of the Mint, shows
the coinage at the mints of the United States dui ing the month
of September and the nine months of 1899.
6060
M lfc.Op
O -j"-] OI OI
I
Total...
oi*o
O mIiOOI**
•J
X coco*.
* -d -1
00
national
OCOM
iCk
OlOM
MMOI
-lOO
COO
77,512
•Act of June 20, 1874. and July 12, 1882.
60-1
—O
KIM
tOOQOitkX
[
s*
CO -1-1
tSM
63001
CDX05
as-jx — OI
I
•}
ocos
0OO5
I
ooiik'a*
Hkl
-•63CJ1COCJI
CO
68 06 01
$35,898,443
$1,003,500
925.988
$
$
$
[D80l7'ntbks 1,576,533 1,544,458 1,519,318 1,576,641 1,585,551
Llqnld'g bks. 8,267,053 8,538,158 8,669,198 8,576,458 8,423,433
Red'o'gund.*
act of 1874. 25,915,014 25,915,786 25,585,058 25,745.344 25,966,971
CO K0 03
iocflos
05*00
June
Deposits by—
osljco*
CS69-]
tSMiooi*
Ol
_60
MCDOS
-lOlOMO
CO
Ol
•1
Oioo
60M
CO
O
M
60
Talue.
Pieces.
<D*0
„
$
Double eagles.
9
Kagles
Half eagles
Quarter eagles
150,011
293,558
185,014
31
3,000,220
2,935,580
925,070
Total gold
628,614
6,860.947
7,470,028 89,010,567
870,145
1,186,145
12,112,519 12.112,51»
4.705,791 2,352,895
9,796,519 2.449,130
13,348.012 1,334,801
39,962,841 18,249,345
2,957,594 59,151.880
1,4.^9,347 14,5^93,470
3,053,000 15,265,000
217
87
77
S
the figures conform to
the Government statement, the amounts mentioned in above foot-notes should be
added to the Receipts or Disbursemenhe as indicated therein.
have deducted those items, as they do not belong to the
regular income account, and if included would disturb the
comparison with former and future years.
Treasury Currency Hoi.dings.— The following compilation, based on official Government statements indicates the
currency holdings of the Treasury on the first of July, August,
September and October, 1899.
TBBA80RT NET H0LDIN08.
We
July
Hnldlngs in Sub-Treasuries—
«et Bold coin and bullion
Net silver coin and bullion
Net U. S. Treasury notes
Netletral-tender notes
Net national bank notes
Net fractional silver
1. '99.
Aug.
1, '99.
Stpt.
'99.
$
S
240,7.S7,212 346,254,534
6,770,106
6,02e,lMl
912.488
921.744
15,9"8,e67
15.396,022
3.518,277
3.575,093
6,070,497
5.381,817
Oct. 1, '99.
»
3.632.408
4,130,192
254,32«,820
6,829,717
1.2iO,»06
15.856,416
8,640,412
2,477,671
848,767.971
4,780,097
86.5,648
17,.S80.595
Dollars
Half dollars
Quarter dollars
2,6fl0,145
Dimes
3,130,145
870.145
593,072
665.037
313,014
7,846,580
2.441.268
One-cent bronze
4,635,320
3,281,320
231,767
32,813
14,697,254
18.735.254
734,863
187,353
Total minor
7,916,640
264,580
33,432,508
922,216
Total coinage
16,391,834
9,566,795
Total silver
Five-cent nickel
276,558.891
77.716,441
279.547,sil
80,961,454
283,343.071
83,183,764
Cash In banks & sub-treas... 852,459,176
Pednct other liabilities, 'net.. 71,078,707
Ac tual cash balance
281.380.469
354,374.832
79,430,665
360 490.265
81,146,893
36652rt.836
78,h31,222
274,844,167
279,352,872
287,695,613
House Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the non-
member banks.
Bonds Held by National Banks. — The following
ing statement furnished by the Comptroller of the Currency
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national
bank depositories on September 30
:
Loans.
$
$
137,828.4
137,768,2
137,766.2
137,766,3
714.172,7
710,682,6
705,899,9
700,643.9
1607364
1472624
1463377
1436743
47.329.1 786,364,2
48,6J-0,5 781.168,8
49.576.2 774,946.2
49,860,7 768,375,7
57.861,9 203.S33.0 16,130.0
67,«6l,9 201.697,0 16.637,0
67,851,9 199,839,0 14,821,0
6 901,0 221,874.0
6 240,0 164.714.6
6,849.0 230,278.0
7,374,0 218,554,0
B.374.0 119.423.2
6,391,0 173,613,7
Specie.
Legals.
Deposits.^
Circ'l'n. Clearings.
$
16,216,8
15,634,7
15.686.9
16,727,4
749.234.1
14606536
11659026
12026331
Bo8.*
••
interest
Capital &
Surplus.
N. Y.
Sept. 28..
Oct. 7.
"
14.
" 21.
Oct.
disbarsinu officers' balances."
80.865.377 108182127
New York City, Boston and Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing-
B4NKS.
Total cash in Sub-Treas'snet.273.287.247
Amonnt in national banks
79,171,929
• 'Chiefly
Oct. 1, 1899*
1,218,336
1
OOCO^
• Deducted from January, "Miscellaneons" 1898
)
«q
-oq ^„, nn
00
»8,538,401
Received from Union Paclflc Railroad purchase 1897-98
)
•D ducted fr.m March, "Miscellaneous" 1899
)
, -„q „, . ,.
14
»ii,7»a,3i4
Rec'lved on account of Central Pacific Ind^b'edness
>
* Deducted frnm March, "Miscellaneous" 1898. ..
$3,651,500
Received from Kansas Pacific RR. purchase 1897-8
:\
Deducted from April "Miscellaneous" 1898
....)
$3,651,600
Becstved f
Kansas Pacific Railroad purchase 1897-98
t Including payment of $20,000,000 Treaty obligation with Spain.
To make
$242,071,792
$2,260,240
1,041,904
posit Oct.
•
CO
35 00
CXCOOCOrfkCD
CD*
oo
M.I
1. 1899.
during September .
retired during September.
According to the above the amount of legal tenders on dethe United States to
1 with the Treasurer of
redeem national bank notes was $35,975,955. The portion of
this deposit made ( ) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks reducing or retiring their circulation, was as follows on the
first of each of the last five months.
boN>o«»
60 63
M60p
5
•4X05 00 05 00
xo«oro5 toia
OCO
ISO
OCO
-J
CO
I
*^
M
60
to W
05 OI »J
o o «J eo"— <i
0..O
CStW
t»oi
ot-'OI
wooccifko
CSOO 0<^i<kM
OCO
<xo
MOD
o
(OOib.
— eD"«i'co o
M
MK)Ma»ife.<k
aCOl*3MM05
lb CO
M0>
M
6963
ox
!fotes—
Sept.
'Circulation of National Gold Banks, not Included in above $82,093
to 63 CO
-M MO OS
j
MM*.. Jk «
-Moiboas —
jkio
OOO 35 to coo
M
=
6SM
®>lOI
Q)OM_^J*05
too
1.
Bank
Amount on deposit to redeem
bank notes Oct. 1, 1899
M_»3«l
OI
Qb 00
cow
ta
to
OIOO
CO CO 05 CO to
5>JCO i^ •] .^
J> t i<k6l
i(>.CO
MM
mV
(30<
•aoo
to Oct.
deposit to redeem national banh
notes Sept. 1, 1899
Amount deposited during September
Amt. reissued and bank notes retired In Sept.
I
ooco*-'
5
<ICO
eooco
— 00 OI 0> M O
coo
CO
it^O
;
Amount on
CO
totxo^oco
>-
I
COlo'-JMMO
tnco.-* ^•4 0D
-505
tOOO
CO-»
to
0510
—
too..j
•.-.
__
OICO CO^
V
cooo«
00 CO QD 00 00 CO
N » CI 01 05
ste
0>O
Changes in Legal Tenders and National Banknotes to
Oct. 1. The Comptroller of the Currency has furnished
us the following, showing the amounts of national bank notes
outstanding Oct.
Sept. 1, together with the amounts
also the
1, and the increase or decrease during the month
changes in legal tenders held for the redemption of bank notes
Amount
B
:
oVto
ototsaoo
*
CO
"cO
mw
curity for deposits |81, 277,540.
Legal Tender Notes—
»
cnoDjo
05tn6Daih'
05
CDC^OO*1CO
OOO
$231,515,510 $301,880,450
Bedeemable at option of the United States.
The foregoing does not include the bonds held in the New
York Sub- Treasury against deposits in banks. There were bo
held on September 30 $10,912,600 bonds, making the whole
amount at that date in possession of the Government as se-
4.ni(>unt issued
q
5S
o
COOO
$22,925,100
156,949.900
26,317,250
72 927,600
22,685,600
75,000
*
Amount outstanding
:
rf^M
S>35
COOO
total Held.
$l4,704,10r
128.878.800
18,007.750
49,046,760
20,878,100
$70,364,940
Total
Beeure—
<B
c
? a
•
c
oe
3-658 Dist. Col., 1924...
^
00 <D
ote
Bank
Circulation.
4mount outstanding
<?2
2.3
SK °3
H
Sept. 30. 1899, to
$8,221,000
28,071,100
8,309,500
23,880,840
1,807,500
75,000
.
flatxonal
g
d9
h3
Held
Public Deposits
in Banks.
6 p. ote., 1894, due 1904
4 per ots., funded 1907
4 p. ots., 1895, due 1925
3 p. ot8.,'98, due 1908-18
Sper ots., funded 1891*.
up
z
92
m
Description of Bonds.
"
7.
14.
21.
Phila.
166,747,0
41,016,0
36,345,4 145,777.0
165.670.0
41,973,0
36,346.4 143,590,0
164.766.0
2
«ft.-45,4 143,286.0
41,341,0
* We omit two ciphers in all these fluures.
t Inclndlns for Boston and Philadelphia the Item "dae to
Oct.
••
"
7.,
14
6,632,0 102.638.4
6,491,0 86,339.8
5.49i^0 97.028.6
other banks."
THE CHRONICLE.
888
>ew Ifork City Clearing flense Banks.— Statement of
condition for the week ending Oct. 21, based on average
of daily results. We omit two civhers fOO) in all cases.
Banks.
aiik
ot
Oapitall
New York.
HMihattan Oo
Merchants'
Loans.
LegcUs.
Specie.
Deposits
I
ICeohaniOB'
Amerloa
Fbenlx
SurpVs
$2,000,0 $1,831,8 8)3,363,0 .?2,363,0: $1,107,0 $13/187J0
2,060,0 2,115,6 20.046,0 3,982,(
2,189.0 23.226,0
2,000,0 1,087,7 12,666,0 2,148,'
1,373,7 14,307.8
2,000,0 2,118,3 10,f06.0
728,0 10 279.0
1,600,0 2,746,8 19,164.7 4,201.5!
1,463.5 21.8' 2,1
1,000,0
243,1
882,t
212.0
4,188.0
4,340,0
1,000,0 4,818,6 83,088,3 22,928,(
3,266 2 103.(^68 3
300,0 8,698,9 23,821,0 4,221,(1 2,104.» 23.722,0
600,0
187,3
4,640,3
804.?
4C06
6 049.7
1,000,0 1,769,6
7,648,6 1,134,2
846,4
6,162,9
300,0
76,3
275,4
1,123,2
60,4
1,345.9
400,0
126,8
2,056,0
220,(
199,0
2,198,0
1775
102,r
200,0
176,0
971,8
900,0
600,0
489,6
193,0
730 5
3,369,3
3,666,1
300,0
178,t
459,^
406,7
3,316.3
4,377,8
1,200,0
648.0
41.^1
472,3
4,073,4
3,6379
6,000,0 2,698,9 26,776,0 2,771,0
2,206.0 20.359,0
5,000,0 3,636,2 26,716,1 1 488,4
3,608.1 20.082.3
1,000,0 1,681,8
166,4
5,688.6
6,241,4 1,237,7
1,000,0 1.042,3 11,643,3 2,0i>3,3
666,7 11,8919
460,Vt
490,9
291,6
422,7
3,481.7
3.111,1
932,8 19.159,6 4,192,r
926.6 20,790,3
1,500,0
993,0
621.8
909,1
460,0
8,143,4
6,099,7
294,6
200,0
2,'i26,l
246 2
3(5,3
2,718.6
637,6 10,733,6 2.076,0
783,1 11.869,6
1,000,0
1,651,9 43,616.9
1,000,0 S,678.6 36,603,0 9,567,3
388,4
330,ii
496.7
4,207.0
500,0
4,186,0
372,6
497,S2,711,2
129.3,
2,766,0
600,0
273,9
464,6
2.P44.2
2,696,6
199,6
600,0
991,2
614,1
6,461.2
6,186,3 l,147,b
900,0
163,2
297.1
3.780 4
1,000,0
3,466,0
669.1
1,400,0 1,661,3 16,436,3 2,701,3
2,073,0 18.963.5
664,1
174,4
6,734.3
4,692,6 1,263,6
1,000,0
389,4
272,2
1.956.0
214,4
300,0
1,997,1
6,734,0
4,947.C
24.603.0
24,391,0
1,206,0
1,600,0
947,0 47,869.0
2,000,0 8.271,6 39,834.0 11,280,P
147,3
140,9
1,628,1
1,394,8
313,6
260,0
1,053,3 21.731.5
3,000,0 2,036,4 21,016,4 4,318,3
512,1
844,0 12,417,0
9,867,0 2,17«,(
1,000,0
778,'/
8,626.0
666,0
7,644,0 1,663,0
300,0
169.6
233,0
2,901,7
2,868,0
489,8
760,0
667,9 31,818.6
600,0 7,763,7 32,344,8 8,677,?
63,0
2,5g6,9
2.316,8
298,3
407,7
300,0
3.679,0
260,C
866,6
488,4
3.266,0
521,6
590,ii
410,4
294,7
3,781,7
3,378,9
200,0
297,2
437,t
234,9
3,172,9
760,0
3,298,4
1,000,0 1,486,9 32,874,9 6,460,4
4,763.3 41,212,3
630.3
100.0 1,211,6
8,141,4 l,883,t
9,345,9
672,7
3,074 5
200/J
2,620,7
171,8
481,9
5,061.9
780,3
200,0
3,323,9
603,8
672,*
811.6
9,656,7 2,l86,^
2C9,0 10,874,9
300,C
926,2
447,8
7,681,8
8,602,7 1.334 (
200,0
328,4
2.417,5
2.296,4
193,4
425,9
200,0
916,3
6,406,7 1,336,1
6,316,6
284,6
300,0
200,r
376,7
3,228.0
2,826,0
426,0
&97,0
555,6 10,282,0 2,323,0
907,(
12,437.0
600,0
963,0 33,850,0
2,100,0 1,163,6 28,196,0 7,990.t
4,5.S5.0
4.292,0
638,0
442
300,fc
6?0
14,0t7,9 3,691,',
387.'
16,018,9
1,200,C 1,238,3
4,361,6
410,6
eoi.4
3,474,3
206,8
500,0
364.7
3.343,3
3,776,7
l,000,t
e?2,7
301.0
3,690.3
260,r
363,4
3,334,6
512,^
427.6
178,7
3,411,6
3,211,0
67e.b
237,4
360,0
,
Oity
!
Ohemloal
Merohanti' Exoh'gr
eaUatlii
Batober8'(& Droy'rs
Meohanlos'ib Trad's
Sreen-vrioli
Leatber Manolao'rs
Seyenth
State ol New York.
American £xohangt
Oommerce
Broadway
Mercantile
Paolflo
Republic. .....
.....
Obatham
People's
North America
Hanover
Irruag
Oitisena'
Nftssan
Market & Fulton..
Bboe & Leather
Oom
Exchange....
Oontlnental
Oriental
Importers' <& Trad'ri
East Kiver
Fourth..............
Central...... .......
Second
Ninth
First
K.Y.Nat'lKxch'ge
Bowery
New York County.
Serman American.
Filth
Avenue
eierman Exchange.
Qermanla
Lincoln .............
Qarfleld
Fifth
Bank of the Metrop
WeBtSide
Seaboard.
Western
First Nat. B'klyn..
Nat. Union Bank..
Liber^
N. Y. Prod. Exoh'ge
Vk.of N. Amsterdan
Astor
Total
49.860,7 768,376,7
Reports of Non-Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending Oct. 21, based on averages of the daily results
We omit two ciphers COO) in all cases.
Depo$it. with
Loans&
BANES.
Oapitak
(00s omitted.)
Niw York Citi
Sur-
Leg. 2
Specie.
pltu.
menu.
9
%
JcB'k Olear'g Other
Notee.
Agent. Bks.Jcc
.
borouqh of
Manhattan.
100,0
300,0
100,0
Fourteenth Street 100,0
200,0
Oanaevoort
200,0
Hamilton
HldeALeath.Nat 600,0
100,0
Home
250,0
Mount Morris
200,0
Mutual
Nineteenth Ward 100,0
100,0
Plaea
100,0
Riverside
100,0
State
200,0
Twelfth Ward
Twenty-tblrd W'd 100,0
200,0
Union Square
100,0
Torkvllle
Columbia
Bleventh Ward...
95,6 1,070,8
200,2 2,330,0
131,2 1,286,7
57,0 1,117,8
18,3
70i,2
96,6 1,822,9
240,2 2,331,3
89,0
605,7
63,3
122,6
37,4
140,1
113,8
163,6
79,2
66,4
328,8
163,6
1,910,6
1,368,0
1,029.8
1,961,0
908,4
2,336,0
1,281,1
1,084,3
2,323,7
1,640,1
f
21,7
91,0
67,3
50,1
22,1
62,3
95,6
53,4
71,4
30,9
33,1
137.0
14,7
176,0
29,8
47,3
66,2
93,6
9
82,0
71,0
66,7
44,8
68,9
96,1
292,2
41,5
101,1
123,3
99.0
141,0
33,2
88,0
144,2
99,9
190.1
87,7
9
140,9
167,0
129,0
187,4
43,6
92,7
141,3
28,7
18,4
197,4
212,7
26,0
9
"6,0
29,9
7
62,0
103,9
8
67.8
140.0
68,8
30,8
86,7
78,2
169,0
17,0
24,9
108,3
169,0
167,6
100,0
40,0
Borough of
MONTH.
1899.
1898.
1899.
1898.
1899.
1898.
%
39.349,978
<
34.633.613
$
f8,149.094
%
12.517,20
41,406,582
33,386,871
42,060,954
t
10,464.000
ic .602,736
50.697.958
36,015,776
41,239.260
S
36.918.858
31.057.349
40,359.03}'
13,654.702
April
48,849,067
37,175,3.S4
37,477,254
38,238,131
11,626,2£9
May
45,476,218
39.634,91V
33,405,506
37,189,335
46,3f8,>)53
ll,682.49i
June
81.824.944
40,824.221
47,215,880
11.295,469
8,232,760
9,384,838
July
August....
89,C 03,434
32,914.521
87,932,046
31.662,651
42,557,34]
11,683,484
13,7^0 471
10.906,449
41,979,217
42,367.534
39,395,057
86,494,358
September
33,227,08 <
32,119,280
86,701,747
11.740.92('
11,012,141
83 9.53,737 312,655,268 348.7f2.866 344.006.861 110.07P.97V
!'O.?05.578
January..
February..
March....
T'otal...
Bedford
150,0 119,3 1,200,3
100,0 133,4 1,464,2
300,0 169,9 1,372,9
832,9
100,0
39,9
Fifth Avenue
52,8
679,1
100,0
Kings County
821,3
57,1
160,0
Mar^nfact'rs'^ Naf a6a,(j 433,6 2,678,7
Mechanics
600.0 391,6 3,086,0
Mech's' & Tradr'B 100,0 203,6 1,036,6
Nassau National. 800,0 671,6 3,911,0
National Oity
300,0 664,8 2,576,0
North Side
802,0
100,0 106,9
People's
948,4
100,0 127,0
Schermerhom
63,4
655,0
100,0
Seventeenth Wan 100,0 71,4
463,9
BpraKue National. 200,0 216.0 1,141,0
Twenty-sixth W'd 100,0 64,1
631,4
Union
336,3
67,1
100,0
WallaTiout...
100.0
36,9
623,4
German-American. 100,0 18,6
288,3
19 2
16,2
81,1
10,3
8,1
26,3
5,0
90.3
97.1
39,7
24.9
20,6
26,8
287,8
158,5
26,9
195,0
207,0
66,6
43,9
22,6
37,6
10,0
22,3
16,2
24,7
28,3
606,7
683,6
18,4
21,9
20,2
26,7
92,8
77,6
4.939.6
2,087,9
1,388,0
946.4
1,810,7
e0H,4
88,8
238,4
298,2
46,3
39,6
681,3
Broadway
Brooklyn
Bighth Ward
10.578,089
0,164,201
9,960,264
silver for the nine
Gold Movement at New York.
Silver-new York.
Month.
Imports.
1899.
March
939,92V
1,057,848
26,868,69i
714,495
1.566.034
1
Imports.
Exports.
1899
11-99.
1898.
1899.
%
3,162.080
1,232,710
April
May
Exports.
1898.
%
2,560,239
January...
February..
%
%
%
1,484.074
2,602,183
264.193
723.73^
922,091
8,154.22;
631.85'
28,889,268
9,101.87n
l,103,S8l
492.809
708,35H
1,321.4P5
20,8:
2,035,456
1,896,495<
964,546
$
4.643,993
4,089,'
9«
5,058,893
3,714,622
4,083,672
June
938,88:
99,391
19,846,388
136.466
1,008,371
3,672.7'16
July
385,S4 2
1,754,92';
791.444
66.10;-
l,6C8,Mt
3,37!',085
Augrust....
1,109,436
3.993,45(
19.930
585,122
1,509,688
September
754,571
12.455,24h
76,227
2,678,lfcy
1.053,310
3.227,053
8,039,^07
10,a20,0fl2
87.2<'4.«-4«
25,631,070
s.a^g.ne
12.853,<6^
34,963.315
Total
...
Auction Sales.— By Messrs. Adrian H. MuUer
& Son
Shares.
4 B'klyn Aca'). of Music
112
tickets)
(with 2
5 Fourth National Bank. .181
i'hctTes.
600
Pref. sh. Trop. Trad. &
Transp. Co., Lim., £10
each
£4 per 8h.
7,000 Ordinary sh. Tropical
lOBankof New Amsterd'm.- 80
Trad. & Transp. Co.,
34 Corn Exch. Bauk....376-379''8
Llm., £10 each..iEl per eh.
20 Nat. Broadway Bank.... 2.50 14
200
219 Phcenix Silk Mfg. Co. of
30 Atlantic Trust Co
N. J., preferred
81
50 Trust Co. of America ...23e^
30 Fourteenth St. Bank. ...153
20 Elberon Hotel & Cottage
2212 Edison Ore Milling Co.. 10
90
Co 6% preferred
1 Memb. N. Y. Prod. Exch.
85 Woodlawn Cemetery
(all dues paid)
$75
$165 to $173 per sh.
13 Intern ati'l Ocean Teleg.
50 N. Y. Security &Tr. Co.. 8 45
II8I2 100 Logan sport & Wabash
Co
35 Ninth National Bank
45 4513
89^2
Valley Gas Co
1 Hamilton Bank, N. Y
146
200 Hanover Fire Ins. Co. ..160
10 John B. Stetson Co., 8%
175 International Banking &
160-166
preferred
124
Trustee
10 John B. Stetson Co., com. 105
Bonds.
10 Ninth Av. KR. Co
201
$1,000 Milwaukee CltyRR.
1061^
72 Second Av. RR. Co
2OII2
Co. Ipt5s. 1903. J&D
100 Mechanics & Traders'
$1,400 State of Florida es,
Bank
108 &int.
100»3
1903, J&J
20 Metropolitan Trust Co. .451
$s,C00 Essex Passenger Ry.
25 Manhattan Co. Bank
26838
Co. consol es, 1905, M&N
108%-113B8
30 N. Y. & Texas Land Co.. 62^
95 Texas Land Syndicate..
$10,000 Logansport & Wa$7-25 persh.
eSk
bash Valley Gas Co. Is 68
10 Long Isl. Safe Dep. Co.. 50
,
9
1,192.3
2,140.0
1,367,9
1,342,0
711,4
1,694,9
1,793,4
817,3
2,119,6
1,488 4
1.388,2
2,001,0
890,8
3,712,0
1,693,6
1,179,4
2,689,1
1,671,9
.
By
Messrs. Richard V. Harnett
11.9
24,2
36,2
206,7
163.7
67,6
97,0
138,0
12,7
37,7
26,4
8,6
122,2
2,8
47,5
1(j62
4
12,6
13,4
9,0
6,2
20,0
469,3
180,8
8f,9
362,0
204,0
36,7
60,3
62,1
62,3
236,7
47,6
28,1
69,4
60,4
12,1
41,0
71,0
36.0
60,0
36,3
8.0
1,000,0
3.730,0
2,770.0
722,2
bonds, series "B" 74,
"B"
75,
2,1
247,7
705,0
269,9
25,0
Othkr
400,0
260,0
260,0
200,0
110,0
126,0
60,4
81,4
745,6
536,8
365,2
211,8
438,3
60.1
45,6
27.6
110,7
68,6
61,2
17,1
46,6
13-1,9
185,0
86,1
99.0
74,6
9.8
44,6
90.2
6,lf0,3
1,728,6
1,139,9
832.6
1.6399
961,7
a,8/S,7 9,809,2 3,830,1 2,00J, 867 421,8
21.. 7,S62,o S,i8o.7
14. 7 S6i,c 8,iSo,7 t4,8i2,4 3,OCO,Q 4,072,2 0,300,3 i,S6o,2 06,221,6
7.. 7,S62.o 8,ib7,b t>4,04Q,o 2,8qb,4 4.035,1 7,025,4 i,()3i,C) t7,QII,2
25
15
441
70
10
Ninth National Bank.... 90
25
Central Car Trust Co
Louisv. Hend. & St. L.
American Food Co
IfiSg
Ry., prefeired
5
36
400 Louisv. Hend. &
Ry.,
St.
common
L.
6^4
NASSAU^STREEtTnEW YORK.
FISK
& ROBINSON
BANKERS
INVESTMENT SECURITIES.
HARVEY EDWARD
GEORGE
FISK.
Member N.
GBOHOB BABOLAT MoFFAT.
Moffat
H. ROBINSON,
Y. Stock Exf tane*.
Wh t
ALEXANDER M. WHITB, JB.
&
i
e,
BANKERS,
...
Members New York Stock Kxchange.
No.
I
NASSAUSTKKET,
NEl»rVOBB.
INVESTMENT SECURITIES.
S85,l
638,7
811,1
74,8
25-31
Serie8"D"48
RiCHMO.ND.
lBtNat.,8tatenIsl 100,0
1902-1906
$5,000 Certs, of Dep. RR.
Equip. Co. bonds. Series
A-9J*, A-99a
20-25
661,9
8,3
106.2
1,8
82,
"B"
$4,000 RR. Equip. Co. bonds.
9704
438,E
1,096,0
611,9
Shares.
$63,000 RR. Equipment Co.
1,397.8
1,566,1
1.372,5
299.1
603,5
866,3
3,073,8
3.130 3
& Co.
Bonds.
BOROnOH OF
Totals Oct.
Totals Oct.
Totals Oct.
12,198,99.s
The imports and exports of gold and
months have been as follows
Brooklyn.
Citibs.
Ist Nat., Jer. City
Hnd. Co. Nat. J. C
Sd Wat.. Jsr. City.
Sd Nat., Jer. Oity.
iBl Nat., Hoboken
Id Nat., Hoboken
Mbrchandise Movbmknt at Nkw York. Customs Recbipts
at New York.
ImpoTta.
'Bxporta.
.
Colenl&l
Bank of Htaten Isl
New "i(!oRK— Monthly Statement.— In
Foreign Tbade of
addition to the other tables given in this department, made
ap from weekly returns, we give the following figures for
the full months, also issaed by our New York Custom House.
The first statement covers the total imports and exports of
merchandise and the Customs receipts for the nine months
of the last two seasons.
I
68.922.7 78.843.6 700,643.9 1436743
[Vol. LXIX.
Spencer
27
&
Trask &
BANKERS,
...
Co.,
NEW
29 PIIVE STREET,
YORK.
Transact a general banking business, act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies.
Execute
commission orders and deal in
INVESTMENT SECURITIES.
Members
N. Y. Stock Exchange.
Branch
Office, 67 State St.
Albany
October
THE CHKONICLE
28, 1899.]
prime commercial, sixty days, 4 S2}4@
82^: documentary commercial, sixty days, 4 81^ @ 4 82^;
grain for payment, 4 823;<i(a4 82^; cotton for payment, 4 8i%
cables, 4 88(S4 881^;
"^mxktxs^ ^itzztU.
4
OI VID ENDS.
The following were the rates of domestic exchange on
at the under-mentioned cities to-day: Savannah,
buying ig discount, selling par; Charleston, buying 1-10
New York
Books closed.
(Pays inclusive.)
Payable.
Cent.
Railroads (*iteam).
& Charleston
Rome Water. & Ogd. guar.(quar.)
Street Railways.
Brooklyn City & Newtown RR..
(§4 82; cotton for acceptance, 4 82i^(S4 SS?^'.
When
Per
Name of Oompany.
IH
Coney Island A B'klyn (quar.)..
Glens Falls (N. Y.) Sandy Hill &
Ft. Edwards St. RR. (quar.)...
2l2
Nov.
Nov.
II4
Nov.
Massachusetts Elec. Co.'s pref..
2
Dec.
Nov. 16 to Nov. 30
American Exchange National..
3^
3
<3-ermania
Nassau
5
3
3
6
4
National City
5
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Oct.
Fourteenth Street
Ranks.
Greenwich
Lincoln National (quar.)
"
(extra)
3ifl
1
75c. (g SI 00 discount;
to
1 to
15 Nov.
22 to Nov.
27 to Nov.
Oct.
Oct.
—
—
to
25 to Nov.
1
to
21 to Oct. 31
20 to Nov. 1
Oct.
Oct.
5
5
5
Farmers' Loan & Trust Co. (qua.)
"
" (extra)
"
•'
Kings County, Brooklyn
2I2
(quar.).
Nov.
Nov.
Nov.
to
1
21 to Nov.
26 to Nov.
1 Oct.
1 Oct.
iTSiarellanrioas.
American
Detroit City Gas
Erie Teleg. & Telephone (quar ).
Hudson Ri ver T' lephone (quar.).
213
Jackson
iH
Nov.
Nov.
Nov.
Nov.
Nov.
2
Dec.
1 Oct.
1
Nov.
Nov.
15 Nov.
15 'Nov.
District Telegraph
H. B. let pref. (quar.)...
Claflin,
2d
(Mich.)
pref. (quar.)...
Gas
NewEng. Telep. &
Teleg. (quar.).
15 Nov.
7 to Nov. 14
1 Oct.
15 Nov.
13 Nov.
2 3 to Nov.
1
5 to Nov.
!=>
5 to Not. 12
22 to Nov. 1
to
1 to Nov. 14
1 to Nov. 15
1^
WALL, STREET, FRIDAY, OCT. 27. 1899.-5 P. M.
The Money Market and Financial Situation. The mar-
United States Express
;
—
ket for railway securities has broadened this week, including transactions in some issues hitherto inactive, and a
special demand for stocks in several different groups has
given a tone of strength to the whole market. This demand
has been stimulated by the phenomenally large railway
traffic now being reported and by a general expectation
that rates will be better maintained than they have been in
recent years.
The volume of current railway traffic and the favorable
outlook for the transportation business has necessitated the
placing of large orders by some roads for steel rails and
rolling stock, which in turn insures a continuance of activity in the trades affected for some time to come.
An event of the week which has attracted attention in
railway and financial circles, and that is an important illustration of ttie tendency of the times, was the consolidation
of the Wagner Palace Car and the Pullman's companies,
which, when completed, will place the control of the former
company in the hands of the Pullman management. The
recent heavy purchases of United States Leather securities
at the Stock Exchange suggests a possible change in the
management of that company.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 4 to 10 per cent. To-day's rates on call were 6 to 10
percent. Prime commercial paper quoted 5 to 5^^ per cent.
The Bank of England we ^kly statement on Thursday
showed an increase in bullion of £861,897, and the percentage
of reserve to liabilities was 44 43, against 41*46 last week: the
discount rate remains unchanged at 5 per cent. The Bank
of France shows a decrease of 4,625,000 francs in gold and
City Clearing-House banks, in their statement of Oct. 21 showed a decrease in the reserve held of
$1,578,900 and a surplus over the required reserve of
4l, 441, 075. against $1,177,350 the previous week.
Oct. 21.
Different sfr'm
1897.
1898.
Prev. week.
Oct. 23.
Oct. 22.
Oct.
Oct.
OcL
24.
25
26.
27.
mok
;
—
—
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
.
^Week end. Oct. 27.—
Jan. 1 to Oct. 27.
Sales at
1899.
1898.
A", r. Stock Exch.
1899.
1898.
$19,281,270
$8,219,520
Government bonds
$111,600
$1,242,660
>
State bonds
RR. and misc. bonds....
2,000
16,961,500
1.8&4.300
726,144,900
2,523,200
651,581,010
$13,688,800
3.335,112
$323,569,025
shares, par value.
2,500
$18,206,160
1.944,186
$170,124,250
$10,350
736.248.720
144,179,251
$13,961,487,475
$326,950
$673,385,480
85.859.038
$8,232,134,925
Total
Stocks— NO. shares
Par value
Bank
.
50,500
13,526,700
We add the
Weekending
Oct. 27,
Monday
Tuesday
Wednesday
Thursday
Friday
Total
The
sales
Stocks.
Shares.
Saturday
$156.2fl0
following record of the daily transactions
.
1899.
Par
Railroad, dc. State
Bonds.
Bonds.
.
value.
194.145
691,977
611,719
709,400
605,934
521,937
|19.00«,500
67,063,950
59.956,900
68,638,400
57,569,900
51,333,.375
$950,200
3,052,000
2,425.500
2,219,500
2,171,000
1,908,500
3,335,112
$323,569,025
$13,526,700
$500
77.
S.
Bonds.
$0,000
74.000
16,100
50,000
12.500
$50,500
$111,600
on the Boston and Philadelphia Exchanges were:
-Boston.-
Listed
Saturday
11.699
27,705
Unlisted
shares.
Tuesday
.39,893
Wednesday
39,577
24,311
20,174
4,987
14,151
12,322
11,365
10,627
11,336
163,359
64,788
Monday
Thursday
Friday
Total
1899.
Oct.
23.
-Mch. *100>fl *100»« *inoi« *100l2 •1001-2 'lOOia
-Feb. *10738 *107i« '1071a •107 »2 *107^*107ia
-Feb. *108i* IO8I4 108^4 -10814 *i.08i4J IO8I4
-Feb.
•io8"'i*io8"'
-Feb. *i07i« ios" 107% *108
-Jan. *1113b 11138 llli2*lllis *lllia'llli«
11214 •11214*11214
112
-Jan. 112
112
-Feb. 128% *128% •128% n28'6 *129 i-129i«
'I29J4 *129's *130 "130
-Feb. 129% 130
'IIOI4 *11038 *110i4'110i4
-Feb. 110>
-Feb. 112
Ill's 'iim misg •niifl lll'^a
* This is the price bid at the morning board
no sale was made.
State and Railroad Bonds. Sales of State bonds at the
Board include $50,000 Virginia 6s deferred trust receipts at
83^ and $.500 Virginia fund, debt 2-3s at 873^.
The market for railway bonds has been more active than
of late, and while less buoyant than the stock market was
steady to firm in tone. Transactions at the Exchange aggregated nearly $4,000,000 on Monday, but steadily diminished
to about half that amount to-day, and throughout the week
were made up largely of speculative issues.
There were abnost no exceptions to the general character
of the market. Green Bay and Western debenture certificates B were by far the most active on the list and advanced
from 7 to 9 J^^, closing at 8^. Wabash debenture series Bwere
also conspicuous for activity, and advanced over 2 points.
shares.
New York
Oct.
21.
reg.
2s,
reg.
3s, 1918
coup
3s, 1918
3s, 1918, small reg.
38, 1918, small, c'p.
4s, 1907
reg.
coup.
4s, 1907
reg.
48, 1925
4s, 1925
coup.
1904
5s,
reg.
5s, 1904
coup.
3,575,000 francs in silver.
The
Oct.
Interest
Periods.
to
Trust Companies.
C!entr."l (bi-monthly)
1907,
at 112; $15,000 4s, reg., 1907, at IIU^ to llli^;
$40,000 5s, coup., at lll^^ to 112; $36,500 3s, coup., at lOS^/^;
$2,600 ditto, small bonds, at 107^ to 108 and $500 3s, reg.,
at 1073^. The following are the daily closing quotations for
yearly range see seventh page foUounng.
26 to Oct. 31
26 to Nov. 1
Oct.
1 Oct.
1
New
Orleans, bank, par; commercial,
Chicago, 50c. per $1,000 discount; St.
Louis, $1 00 per $1,000 discount; San Francisco, 123^0. per
$100 premium.
United States Bonds. Sales of Government bonds at the
Board include $10,000 4s, coun., 1925, at 130; .S7,0U0 4s, co jp.,
discount, selling par;
—
Nov.
Nov.
Pitts. Virginia
889
Bond
-Philadelphia.
Listed Jlnlisied Bind
sales
sales.
$20,155
155,745
43,000
54.000
38,210
62,500
shares.
shares.
3,117
14,243
10,305
23,436
26,692
14,212
5,737
13,029
11,047
14.413
11,097
$240,935
209,700
477,300
201,300
158,600
303,600
373,610
92,005
68,948
1,591,435
13625
total of sales on the Boston Exchange for the week
ending Oct. 20, omitted last week on account of non-receipt of our
telegram for Friday, were as follows Listed shares, 138,972 ; unlisted
Note.—The
:
shares, 58,642
Capital
Surplus
Loans
& disc'nts.
Circulation
Net deposits
Specie
Legal tenders
...
Reserve held
Legal reserve
Surplus reserve
58,922 ,700
78.843 .500
700.543 900 Deo 5,356,000
15,727 ,400 Ino
14 0,500
768,375 00 Dec. 6,570,500
143,674 ,300 Deo. 1,6(^3,400
49,860 ,700 Inc. 284,500
193,535 .oooIdcc 1,378,<)00
192 093 ,925 Deo. 1.642,625
1,441,075 Ino.
263,725
58,272,700 69.022,700
75.911.300 74,440,100
657,011,300 562,175,400
15.515,600 15,970.900
745,793.100 617,465.200
156.0i0.800 100,'^56,300
53,809,8 OO 76,514,700
209,860,600 177,271.000
186,448,275 154,366,300
,
23,412,325
22.904,700
Note. —Returns of sep trate banks appear on page 888.
—
Foreign Exchange. After a weak opening on Monday the
market for foreign exchange became firmer on Tuesday, and
has so continued with slight fluctuations in tone. The supply of commercial bills is limited and the market dull.
Posted rates of leading bankers follow:
October 27.
Prime bankers' sterling bills on London.
4 84
Prime commercial
4 82i9®4
Documentary commercial
4 81%@4
{
Paris bankers' (francs)
Amsterdam
(Kuilrters) bankers
Frankfortor Bremen (reichmarks)b'ker8
Demand.
Sixty days.
{
4 88
82?i
8234
5 18ii6®18i«
|521's®2i:*i6
;
40'8®40iie
405i,. -014038
94B,f'S)943B
9.=i3,,
@95l4
To-day's actual rates of exchange were as follows: Bank483@4 83ii; demand, 4 87(34871^:
ers' sixty days' sterling,
;
bonds, $213,635.
Railroad and Miscellaneons Stocks.— The stock market
has been more active this week than for some time past and
the tendency of prices was towards a higher level. A fewstocks that have recently been inactive were conspicuous,
including New York Chicago & St. Louis and United States
Leather issues. The former advanced from nearly 3 to 13
points and the latter from 6 to 10 points. Other VanderNew York Central sold
bilt stocks were strong features.
up to 140, a gain of 6i| points within ten days, on the announcement of a distribution of new stock at par in the
near future. The anthracite coal shares were in demand at
advancing prices, led by (ZJentral of New Jersey with a gain
of over 6 points. Some of the internationally listed stocks
were also strong. Louisville & Nashville and Southern Railway preferred selling at the highest quotation recorded this
year. Atchison preferred, Missouri Pacific and the grangers were strong on traffic reports and advanced an average
of about 2 points. The local tractions made sharp advances,
Third Avenue scoring 14i^ points. Metropolitan Street Railway nearly 6 points and Manhattan Elevated over 5 points.
In many cases the above maximum prices have not been
maintained. To-day's market was somewhat irregular, but
closing quotations generally well above those of last week.
So much attention was given to railway issues that the
miscellaneous list was generally neglected and irregular.
THE CHRONICLE-STOCK prices (2 pages)
8«0
aroaKa—HieRSST and lowest sale priobs.
Monday,
21.
Oct.
•17
12
205i
64
Oct.
•17
19
72M
83% 85W
•39
•78
94
^m
•39
40
95
130%131H
131!^
49
49
96U
•94?i
12S
14M 14?t
'
•BOH 91M
82
79k
94k
52%
121k
26H 26
133k 132%
49
138
42
12
•42
803?4 •803
44
59
99
U3k
43k
42
69k
587^
59
99
•17
20
123
•170
14
98
99
•90
•28
94
31
14k
44k
60
100
6
21
21
•19
22
5
5
5
21k aik
174k
7k 7k
34
62% 62%
32
89
21
769i
15
'l4k
13 13k
3f% 37k
18
19
43
43
94
90
13
12
43
205
120
170
14
125
180
•394
124
27
27!.4
134
t6k
129
189
42k
12
43
14k
38
19
6
t9k
43
8
19k
5
5k
46% »45k 46k
805
124
160
13
41
6%
120
170
125
180
ISk 13
13k
43
15k
13k
19k
43
43
•90
94
5k
594
1594
1494
13k 18k
37k 38k
lek 19k
13k
15
42k
90
43
94
38k
•6
43
69.
21
5
145
38
21
85
•20
21
85
7k
9k
894
34
82k 34
63
6ii%
8
894
9k
35
63k 63k
nsk
13k
5e.>4
U>B
8
•^%
4k
•394
b% 9H
S4k 35
8494 64%
8%
85
•6394
8
15k
18k
38
21k
5%
45
17
i2;-k
Delaware & Hudson
193'^
Lack. St, Western.
Denver & Bio Grande.
21%
77%
el.
•43k
•90
28
Do
48
94
31
21
25
Do
34
64
8
8
4k
7k
•894
4k
Atl
1st pref
2d pref
.
100
V:ir'nB.&W.,deb cfs. "A"
Deb. ctfs. "B"
34k Hocking
'/k
4k
pref
Illinois Ceutral...
owa Central
Do
pref
Kanawha & Michigan..
an.Clty Pitts. & Gulf.
Keokuk & Des Moines.
20
200
60i
83k 84%
116,71c
11894 11094
17, 81b
lOi
. .
1394
•4%
5%
•110
115
•71k
•94k 95k
83
24
68
•62
•12k 13k
38k 88k
487^ 44k
•4494
45->s
•188k 185
13794 139
•18k 14k
75k 75k
•33
36
•214
85
•43
•76
48k
75
93% 93%
•21
12k
18
13
39
45
13
3894
38
44k
•i5%
44%
45k 45k
45
46
182k 185
140
188
14% 18%
80k 83k
I32k 132k
215k 215k
25% 26k 26k
86
71
25k
2594
70k
53% 54%
75k 75%
•43
47
80
76
38k 39k
45
46k
4694
4rtk
26
71
5394
54k
75k
43
76
7594
48
79
;
Street Ralliraya.
NEW YOKK CITY.
Ful F— Stock.
Ittmort 78 1900. JftJ
B'way ft fth Ave— Stock
litmor Ss 1904... JftD
Id mor 6s 1914.... JftJ
Oon 6s 943— Sm Stock
B'way Sur Ist 5b gn. 1924
Id Siint HB rental. 1905
Central Crosstown Stock
MftN
1st M 6s 1922
•n Pk N ft B BIT- Stock
—
1903
47
48%
•9494
•83
64
•12%
600
415
50
100
500
7,570
69,590
Missouri Paolflo
900
46
47
Mobile^ Ohio
"182% 185 Morris & Bssex
Central* Hudson..
138 1389^
N.Y. Chlo. ft St. Louis
•14k 18
4594
•183% 183
43
48
43
•78
79
•76
NT.
48
80
1.870
4,720
Do
93
6»<% 67
133
132k
74
75
89
94
81% 22
60% 61
Ask.
326
38
103
235
104
105%
36
101
118
110
Bxohl ist.
117
115
105
106
260
•*
128
}124
195
190
109
JftD lOS
.
1
•
(Given at foot of
Bid.
Street Rall^ray.
Christ'p'rftlOth St^Stook 170
Colft 9th Ave 5s-8ee Stock Bxoh
125
Dry D E B & Bat— Stock.
1st gold 58 1932... JftD 117
Scrip 58 1915
FftA 102
BIghtb Avenue— Stock... 400
Scrip 8s 1914
108
400
43d ft Gr St Fer— Stock.
76
42d St Man ft St N Ave.
lstmort8s 1910.. MftS 116k
89
2d income 6s 1915. JftJ
Lex Avft Pav F 58-S«« 8tk Mich
Metropolitan Su. Stock Hxchl
1
Reading, voting tr. ctfs.
Ist pref., vot. tr ctfs.
.
1
150
120
105
420
420
82
1
18
91
ist.
1st.
8 3% Jan
1
Apr
11
3(
6kAug 24
16%Aug25
12%J'ne 23
33kJ'ne21
16kJan 19
42
18kMay
82kJan 80
3
794Jan
36
70
17
Mar
14
14
Aug
f-
46
88
15
25
30
195
Feb
Mar
15
19
5
2^
Maris
12
66k8ep
13
6094l>eo
20 Deo
Nov 114%Feb
1494 Nov
Oct 159
Apr
Apr
29kApr
5
894Ana
11
l6kFeb
43%Feb
2i%Feb
15%Apr
May 41%Deo
Jan 72kDe«
10 Mar I894N0T
36 Aug 49 Not
515 Nov 28 Mar
10 May 17kDeo
22
40
tl22 J'ly 180
40kJ'ne 50
8
62kAug
25
IS
15
16
18
25
6
86
22kJan
27
81%J'ly 28
208 Jan 84
85 Apr 4
6 86 Oct 87
5
5
Jan
Jan
25
74
6
Oct 25 116
6 78
894Jan 24
39 Feb 10
Jan 24
1194May 10
14%Jan
30kMay
45kAug
58kApr
52 Aug
31
3894J'ne
Jan
Mar
29kMay
Jan
5kJ'no
8 Deo
25%Deo
125kMar 19494Deo
Oct 2
Oct 27
Aug
98kAug
87%May
73 May
7
42kl>e«
15 May iSkJ'na
12 Oct 38%Ang
53 Oct 83 Aug
17094Jan 315 Deo
59kATlg
40 Jan
44 Apr 65kDeo
90 Oct 120kJail
17kApr 27
6%Sep 18
7
35kJan
73kJan
8
2i-
Apr 115%Deo
Apr
5%Oct
15 Apr
3
1
22kAug
29
18
18
18
30
31
4
4% J'ne 7%Deo
%Deo i%m;»^
99kMar 118 Deo
24 Mar 3894 l>ea
46 Mar 78kDeo
8%Mar 7 Mar
10
Apr
2894Mar
22 Mar
14kJ(ua
41 Jan
46kDeo
1
24 Nov 33%Feb
28
3
ll67kJan {180 Deo
1
3 5185 J'ne
8 14494Mar 29 105 Mar 124%D«0
119^Mar 16%Jan
29 1994Jan 83
73 Feb 76 Jan
7 86 Oct 24
28 Mar 40kJ»a
84 41 Jan 23
25 5390 Mar 14 5320 Jan 1353 Oot
87 5138%Marll 5120 Apr 1138 Not
72kOct
9,271
33 J'ne 2
8894J'ne 16
38 May 11
84kApr 18
68kJ'ly 5
Ask.
800
.
193
108
Bid.
107% 108k
130
Consol. 5s, 1948.. .FftA 118
208
200
Sixth Avenue Stock
Sou Boulev 6s 1946.. J&J <118 114
So Fer Ist 6s 1919.. AftO «110k 112k
—
Third Avenue— .See tltook Bxch list.
116
28th 4 29th StB Ist 5b. '96 {114
Twenty-Third St— Stock. 396
108
JftJ 106
Deb 58 1906
Union Railway— Stock. .. 190 800
Union Ry 1st 5s '42.FftA 113 116
Dec
7kMar llkDeo
Mar 22
5kFeb
9
2
9
J'na
7%Deo
3% J'ly
31
Jan
Feb
31%Dec
71%Deo
23kDeo
2%Aug 3kDeo
Apr
Apr
8% Apr
10
40
98
13kAugl2
44kMay 5
66
8%Deo
4S%Nov
Jan 23
ie94Aug 24
7
8094Dee
J'ne
694 Nov
122
1
97 Jan 4 133%Apr
187kSep 18 269 Mar
38
14
9k<)ct 24
379^Sep 8
Jan 16
19C
Ninth Avenue Stock.
Second Avenue Stock.
Istmort 58 1909.. MftN
.
Jan
9
8tkJan 31
May
Mar
. .
Street Rallwaya.
—
—
Sep 14
32kMay
66 May
1494 J'ne
60
I
3
Jan 84
98kSep
8
DM
20 5178kJan 201
139jApr 1«%D««
87
llkApr 19%DM
23
23 42kMar 63%DM
19 Feb 44kDe«
24
81%Jan 86 66%Mar 79Ma«*
86%Jan 61%A«g
58 Jan 83
85kMar 78 Not
7794Sep 22
2^
349iJ'ne 48%8ep
51940ct
79 Deo 91 J*n«
90 Feb 80
57 Not 69
6794 Feb 21
148 Jan 83 11094Mar 183%DM
88 Jan 83 38%Jan 63%De«
si Mar 84%De«
100 Aug 17
15kMar 83% Jan
35 Jan 84
68kApr 4 36 Mar 64% Deo
38kMar 22 17940ct 89 Jan
43kFeb 3 23 May 38 Aug
50kMar 09kABg.
8394AU8 31
Bo
T All assessts. paid.
consecutive v\.Qm).—81REEl
Ask.
Ist.
80
Apr 2"
13kJ'ne
291
2,904
18,905 182%Jan 5
370 43 May 11
100 80 Feb 10
9,785 19%May 13
73,979 5194Jan 7
11,900 26kJan 7
135 86kJan 4
882' 66 Jan
3
Ist pref
Plttsb. Cln. Chlo. ft St. L.
pref.
Do
175
26%Apr 27
7
11
6,465
pref., vot. tr. ctfs.
Do 2d pref
Pennsylvania
7
Ser
175 129kJan
160 1198 Jan 19 S222 Apr
21,078 18%Jan 3 28%Mar
30,546 17%Mar 17 38%Aug
11,138 61%Jan 6 74kAug
31,855 48%Jan 7 67kAug
50% 50% Pacific Coast Co
88
18k Jan
68kJan
5360 Jan
Or.BB.ftN.Co.Tot.tr.cf 8.
Do
7
90 176 Jan
59,048 12194Jan
5,40c
-,- 18 J'ne
79% 79%
35% 36k
34
76k8ep
90kJan
68 Deo
99 Dee
86%De«
135kDeo
22kJan 37kAue25 Mar 47kAug
77kMar 97 Deo
llkMar 19kJan
43 Nov 68%Sep
5% J'ne 9 Deo
93
12594Apr 20
194 Oct 26 140
3
2d pref., voting tr ctfs.
32%
38k 38k Bio Grande ft Western.
pref
Do
8194 82
81k 81k •81
88k 81% 82k
no Bales on this day. 5 Less than 100 shares, t Ex div. and rights. * Before payment of assmt.
Bid.
ft
'
250
78% 72k
38k 39%
46% 47k
4594
38%
Michigan Central
Minneapolis & St. Louis..
2d pref.
Do
95k
25
Minn. St. P. & S. S. Marie
pref.
65
Do
12% Mo. Kansas & Texas
39
pref
Do
8%Jan 6
68kMar 17
25 Mar 22
IS
4194J'nel6
1494Sep 16
4,900
6
2,250
1
110 110
tr. reots...
1st pref
Do
2d pref
Do
New York ft Harlem
N T. Lack, ft Western....
•212 816 214 216 §216k ai6k N. Y. New Haven & Hart.
85k 26k 2594 8«%
26k N. Y. Ontario & Western.
" 257^
26% 27% Norfolk ft Western
26k 87
26k 27
pref.
Do
70% 71% 71
71%
7094
71k
64% 54k 54% 5494 64
55% Nor. Pao. By., vot. tr.otfs.
pref.
75% 76
Do
75% 76k
75k 76
OUTSIDE SECURITIES
;»
95
25
66
13
•110
115
7294 7294
96
95
•23k 26
84 68
12% 13
Nat'l
.
"82"
Bid and asked prices
Oonsol
7294
Mexican
5
5
51
60% 5194 51k 51k
48k 50k x50
•88
!88
93
•88
92
88
89k 90
85
66
65
66
86% 67% x68
6694
18!i% 183k 132k 133k 132% 133% 13^% 133
7'
75
75
74 74k
75
7594 74
•89
•90
89 94
94
89
94
94
31
82% 21% 22k
21
21% 81% 21
59
6Ik 60% 61%
68% 59k
5894 59k
82
32
82
33k 38% 83k
32k 32
21k
58% 58k
82
82k
135k 35k
81% 81% •si"
Bieeok St
110
5
5
138k 139
15% 1594 14% 14% •14k 16
85
84
&0k 85 •80k 8*k
38
37% 8594 36k •3594 37
819
70
5
1183k 183k 182k 185
13894 140
188k 139
38
35
85
68k 8"k
132% 13294
110
8fck
85
46
19
49
90
4%
5
115
12k
214
85k
69M
53% 53%
•75
75k
5
71
72
72M 71
94k »4k 94k 95k 95
23
83
24k §23% 32%
83
62% 62% •62k 66
818
2494
699*
5%
5
•110
•71
4%Sep
"215 l98kJan
56kJan
48,0'7 63 Mar
83% 84k S4k 85k 8494 85% 8596 M69^ Louisville & Nashville...
109% 11
11!:% 113% 11194113% ]\/l anhattanBlev., consol
110% 112
ivl etropolitan Street
198 200
19694 198
197 198
195k 19Ek 198k 196k 197
24
24
•23k 34k 2Jk 24k •23k 24k
23k 24k Met. West Side El. (Chic.)
74
pref.
Do
72k 74k §7294 7294 72k 73k 73k 73k 74
14
14
14
Mexican Central
18% Uk 14
14% 13% 14k 14
14k
194
•73
.
.
83% 83%
108%108H
•86
.
IBkJ'ly 14
3
•89i
•18
•18
18
18 20 18 20
20
20
20
Do
pref
19
18
Brie & Western.
80
20k
20k
20k 18
19k 19k 19k 19k
S0% 80k 8 % SOk •79k 80k 7«k 7994 •79k 80 •7f<k 80 Lake
Do
pref
•198 20j 198 205 198 205
198 805 198 205
Lake Sh. & Mich. South.
198 20b
•50
50
57
57
60
58
55
60
57
57
§37k 57k Long Island
•18
•18
37kJ'ne 23
5 Oct 12
2,t63
6 May
2,005 82 J'ly
1,386 54kMay
8,8S4 110 J'ne
2.250 lOkMar
4,590 42%May
400
794Jan
1,350
7 Mar
Valley.
Do
64
1694Jan 26
45 Apr 26
9 Jan
9
27 Sep 6
5
J'ly
ll,46ii 1
42k Jan
8 49kJan
ireat Northern, pref...
/
9
Jan
Jan
4 3% Jan
pref
Do
pref
Ft. W. & Den. C, stamped
Ft. Worth & Rio Grande.
25
•394
6,315
600
600
1,810
710
6,432
1,455
SOO
Flint & Pere Marqaette.
17591
7k
794
3,fe00
Dodge.
& Terre Haute
3 56kMar 27
4
63%Apr 10
10 10294Jan 26
36k J an
42%Jan
94 May
8,865 106kJan
26,130 157 Jan
pref
Bvansv.
9% 8i^""9k
35
65
&
Do
Do
889f
115k 115 115k 115k 11594 §115% 115%
13k
14k
13k 14k 14% 14k 14
6e94
59k 609* 59k 5994
57k 60
12k •Ilk 12k •Ilk 12k Ilk 12
8k
4k
Ft.
Dul. So. Shore
8
555
325
pref
Des Moines &
18
•62k
177k 174k
201
1,850
2,300
. .
,
79kDeo
78%Deo
Mar
Mar
62 May
78 Apr
44kMar
83kOct
17kMar
85%Mar
85
25
7 149kFeb 18
44 Sep 20 68%Apr 89
5994Jan
100k«ep 1 49 Apr 66 J-ne11294Jan
132%Sep 7 108 Jan 113kFeb
13 J'ne
809<Jan 83
9kFeb 18 ABg
83%Jar.
103kAug 18 7ikJ'iy 85 Deo
5094Jan
89
28
Mar 54 Deo
85kAug
6
28 J'ne 22 44%Sep
30 Apr 33 Not
794Jan
12kApr 85
7 Feb 11 J'ly
31 Jan
4994 Mar 8
23 Apr 38%J'ly
120%Jan
13e%Sep
83kApr 12094Deo
179 Sep
140 Apr 168kDec
166k Jan
?ep
118kMar 148kl>ee
141kJan 4 173
"
188 Jan 19 2lC%Sep
163 Jan 191kNoT
107%May 18 182%Jan 87 80 Mar ll4%Dee
91 Feb 8 126kSep 32
65 Mar 94 De«
1
170 Jan 16 185 Sep
5148 Jan 170 Not
9%Mar
7kJan 7 25kMar 27
4kJan
400
.
58kDM
Oct
Oct
31
88
124kJan
4,100
6,035
89,900
sub
pref. vot. tr. ctfs.
Col. & Sou., listed May 24
l8t pref.
Do
do
Do
2d pref. do
68kAug24
50kJ'ne 2 70 Jan 83
97 Jan 8 126 Oct 25
8394May 31 31kFeb 2
65a
Feb
IS
Jan 40kFeb
lOMApr l9%DeC'
82%Mar 5294 D«e
30kMar 24 44 Sep 23
May 9 96kSep 22
84%Mar 15 99kMay 81
25,813
550
Apr
11
84
24%Feb 23
69
90U
60,684
82b
3,780
Do
19%Ort 26
48kOct 26
8
9
7
eikApr 12
79kJan 87
75kSep 20 137 Apr 15
1,681
.
Lowest. Highest.
4374J'ne 22
67kJ'ne 21
2,875
1,445
Om..
.
19k l«k
94
81
&
May
May
60%Jan
200
11,710
617
pref
Chlo. Terminal Transfer.
Do
pref
Clev. Cln. Chlo. & St. L.
Do
pref
Clev. Lorain & Wheeling.
Do
pref
Colorado Mid., vot.tr. ctfs.
Do
•14k ifk
13k 13k Erie.
•68k
173k 174k 174k 174k 174k 177k 175
58
58
58k 58k
Do
43
•5
6
38k 3894
19k l«k
42k 42k
•90
Chic. St. P. Minn.
41k 42k
59k 60k
99% 99%
20k 21k
5
5k
45k 45k
•5
500
700
.
Chicago Great Western.
14k 1
91% 91%
Do 4 P.O. debentures
83
83
Do Sp.o.pref. " A"..
•41% 42k
Do 4 P.O. pref. "B"..
1194 12
Chlo. Indlanap. & Loulsv..
43
43
Do
pref
127 127k Chicago MUw. & St. Paul.
Do
pref
173k 172k
169k 171 Chicago & North Western.
8C5
21 4
Do
pref
114% 115 Chicago Rock Isl. ft Pao.
59k 60%
99% 99%
38
.
.
.
83
124
New Jersey....
27% Chesapeake & Ohio
133k Chicago Burl. & Qulnoy
49
Chicago Consol. Traction.
97% Chicago & Bast. Illinois.
189
pref.
Do
Central of
Apr 29
14
36
17
100
600
1,100
3,440
85,800
24,794
89,743
Paolflo
CCanadian
Canada Southern
135
18394
49k
97%
115k
96k
54k
5394
54>.t
170
31
115% Il5kll6%
13k 13H 13k 13k
56% 5
•56% 57
•11
12
Ilk Ilk
8%
4k
96
96k
800
43k 44k
5«% 60k
99
3-;k
189i
115
SS%
81
Highest.
Lotoest.
100
2,610
2u,885
96,527
10,711
40,679
i95,51H
.
39
126
83
42
12
43
•6»k
174
85k
46k 46
16
17
Ilk 16
16
16
16
17k
122% 122k 12294 122k 124k 12394 124% 122k
194
19lk
19C94
19ik
19iH
'.91k 190k
192k
2lk 21k 3194 8194 22k 2194
•^ik •31
76
7594 576
75% 76k 76% 77k 77k
18
20
1794 20
18
18k
18k 19
28
•62k
123
180
•9k
14
13k
38k 3»k
*17k 19
42k 48k
73
14k 1494
90% 91k
43
800
305
8
1791
•13
12
529i
40
84
40
14%
91k
83k
83
42
12
43
43
39
122
190
40
'126
•6
122}4
191
2194
7594
83k 83k 84
95k 9594 •94k
53
58
53k
181
126
12394
36k 369« 2H%
132k 13:^k 133
48 49k 49k
98
98
97k
39
45
17
190k
•80H
*74k
39
17
40
8
•21k 22k
•4%
5k
•46
46k
•17
17k
•121
42
82
14k
90%
21k
65k
21k 2l9i
65% 66%
52k 53
73
7394
86% 87
114k 115M 114% 116k 115
115
124
14
39
21%
64% 65%
58k 53k
73k 74^
84%
81
126% 186% 126% 127k 126% 127%
171
171
173k §171 171
171k 172k
171
171
171
171
1729s 170k 172
•13
•38
pref
81% Atoh. Topeka & Banta Fe.
pref
Do
53k Balt.&Ohio,TOt.tr.ceitfs.
73*,
pref
Do
8894 Brooklyn Rapid Transit.
42
Boffalo Rooh. & Pittsburg
86
pref
Do
AnnDoArbor
47
47
48V.
127
14
58%
81
47
4294
122
170
•97
19% 19% 19
46
83
....
124
19
45
49
97
126
83
48
83k
12k 12M
43M 4S^
44
1259^129
125H
§171
172k •l71
178 172
172
•300 205
J20S94
113^ 113^ ilSk
•120
•170
•12
•48
91?t
82
42
17
14% 14%
90% 91%
14k
81M
82
97
126
Railroad Stocks.
19
e4k
53h
121%
26%
133k
489(
97k
'4?^
41% 42
12?i 12%
44
•39
42
•79W 95
•94M 95k
58
53k
121
121H
94
•521^ 53
I20ii 121
25% 26
49
96
•185
87?«
N.
27.
Oct.
Oct. 26.
25.
Mange for preg j*
On basis ofroo-sh're lots oiusytar(X999h
of the
Week.
Shares
STOCKS.
Y. STOCK EXCH.
43
21M 2\H
649^ 85k
629i 53k
Ti% 74k
84k 8ek
73
73 H
Oct.
Bange for year 1899.
Sales
Friday,
Wednesday Thursday,
24
•17
§43
81M
64H 65^
S2J^ 52^
53
S3
Oct.
19
45
42
45U
21M
Tuesday,
23.
[Vol. LXIX.
1.
Stock Exchansce— A Daily, Weekly and Yearly Record.
New York
Baturday.
Page
RAILWAYS, &c
Street Rallwaya.
Bid.
Westohest 1st 5s '43.. JftJ «110
BROOKLYN.
Atlan. Ave., 1st 6s..A&0
AftO
Con 6s g 1931
Impt 6sg 1984
Jft.1
B. B. ftW.B. 58 1988. AftO
Brooklyn City- Stock....
JftJ
Consol 5s 1941
114
«107k 109%
lie
115
98
101
ioiM
839
240
116
105
BklynCros8tn5sl908.JftJ
BklnHgtslsl 5sl941Aftn 104
-I'kyn g Co.* Sub— Sm St ck Ex. list.
BkiynRap.Tran.- S«« 8ui ok Ex. Lift
Oct.
THE CHRONICLE -STOCK
28, 1899.]
8t00K8—HJeHJB8T
taturday,
Oct.
23
•5«
S9^
•50« 51H
5%
51% 51%
*1614
10*14
•70
16H 16H
10% 11
86«
•13
32
•68
Oct. 2k.
3)6
69^
17
HH
72
•70
89)6
•13)6
32)6
•58
3aii
14
33
63
101
Tuesday,
itonday,
Oct. 21.
•51)6
• 16)6
10%
14X,
•70
•36)6
•13)4
33
63
•60
71
36%
ISl
25
45
160
•15
40
62%
45)4
-7H
•7)4
*7)4
16)6
16%
153
53
64
54)4
•114
117
•114
16
•JO
30
35"
160
jl50
95)6
!30
1148
35% 36M
77H 79H
12« 12%
53?^ 53%
•12«
•54
36H
13
69
•36X 38^
587)6
43
31
87H
16% 16%
55
il5
117
16)4
15%
97
62
45
97
30
25
148
U50
38)6
97
35
150
84
56)4
50
54
36%
SIH
35)6
80
13
53%
156%
38)1
86)6
ia%
63% 53%
12% 18)6
12
36%
86% 86%
44
44)4
83
39
133
•128
190
18%
39
38)6
80)6
12)6
80
813
53)6
11
•18« 19
188% 190
16)4
63)6
45%
84)4 184
50% 51)6 50%
OS
95)i 95)6
149)6 152)^ 148%
1117
117
117)4 117)4 117%
•97
100
•98)6 99
S99
37
39
37)4
36)4
83
l83Ji 83M
83)6 83%
121
121% 122 124)6 121)6
145 145
•143)4 146
§145)6
46
46
43% 46)6 41
1138
138
•140
139
141
17% 19
18)6
17>i
•2>*
«M •1% 2)4 •1%
55
55% 65
54>i 66Vi
•132
31
54
43% 44
44
83M
50« 50%
95H »6H
146^ 149%
«83J<
7)6
58
30)6
61% 61%
44% 45%
44% 45
•95
•25
78
50
58
117
"47%
21% 21%
11« 11%
81%
IIX 11%
21>S
30H
}16% Uii
il5H 18«
J83H 62H
77
7)6
58
14)6
124
19
act.
25.
Oct.
16)4
I10i4
70
10%
70%
78
«36% 36% 36
13% 13% 13
31
§70
72
63%
60
60
70
37
36
37
13%
31% 31%
32)6
593)4
27
6%
5% 6%
§54% 54%
52% 54
18)* 18
17% 17%
10% 10% !0% 11
62
^16
Oct.
N. Y.
6%
5%
5)6
55>.
Friday.
26.
Batifft for
/kUes
13%
13
30% 33
60
63
I'l
St.J. AG. IsU Tot.tr. cts.
Istpref.
Do
2<J pref.
Do
St. L. A a. Fr., TOt. tr. otfs.
Ist
pref
Do
2d pref.
Do
St. LonU Sonth western.
Do
pref.
St. Paul & Dolnth
pref.
Do
Sonthem PaolfloCo
Lowest.
Highest,
3%J'ne 24
3,570
38%May
850
1,650
J'ne
9
925
8%Jan
10
May
84
830
33%Jan
6%Jan
1,525
9,910
113
.
•182
84%
51)6
95)6
161
117%
99
36%
83)6
124
145)6
43)6
142
19
2%
55%
124
18% 18%
189
190)6
190
Eangeforpr*-
year 1899.
On basis of no-sh're lots vUmi ytar
of the
Week.
Shares
STOCKS.
STOCK EXCH.
891
2.
24
1
5
4
Jan
Jan
3
5
5
17
Jan
7
Oct 86
14%Feb
75%Jan
44%Jan
6
13
98%Jan
36
65
18
18%Aug
40%Au>{
1
6
31
3
3
73%Aug26
106
Jan
44 Jan
14 Jan
57%Oet
23
8%F«b
6%Dec
63
Feb
Dec
45
13
(1898).
Higheti,
Lowest.
6%Oct 27
J'ne
23%J'n«
9%NoT
6 Mar
52%Mar
22%Feb
3%Jan
69%DM
Not
7%D««
35
Dm
Dm
Dm
7%Mar 18
18%J'ly 38%Dm
78 Apr 100
92,982 37 May 9
31
12 Apr 36
38% "38% 3»% 38%
7 Apr
16
10%I>M
12% 12% 12% 13^ Sontbem, TOtlng tr. otfs. 53,151 10 May 31
65,726
40%Jan 4
Do pref., vot. tr. otfi.
27
23%Mar 43%Dm
55% .17%
64% 56
23,924
17%Jan
5
19
25%Mar 1
8%Mar 20%DM
19% 18% 20)^ 'Pexas& Paoiec
2,927 140 Oct 3 243 Feb 27 145 Oct 194%F«b
156 159% 158 158% i- hlrd Avenue (N. Y.)..
15 25 Toledo & Ohio Central ....
20 Jan 21 29 Apr 4 §12 Aug 25 Sep
•15
15
26
40 45
35 Jan 25 42 Mar 22
•40
40
pref.
45
Do
36 Aug 48 Oct
38 Jan 3 73 Apr 17
Twin City Rapid Transit.
16% Jan 36%DM
68%
118
9
141
Jan
Do
pref.
Feb 24 107%Deo 107%Dm
47% 46% "47% 46% 47)4 Union Paclflo R7
126,660 38%J'ne 20 50%Feb 21
16%Mar 44%Dm
47
44,096 72 J'ne 1 84%Jan 23
Do
...pref.
45%Mar 74%Dm
77% 78% 77% 78% 77% 77%
1,250
7%J'ne 19
9%Aug
6%Mar
8
8%Jan 24
7% 7%
7% 7% §
Wabash
11,780 19 May 34 25%Apr 5
Do
pref.
14%Mar 84%Atlg
31% 22)6 21% 82% 2
22%
15,745
1
1
8%J'ne
Wheeling
13
& L. B., new
Aug 31
11% 11« 11% 12
12%
52 68 50
50 J'ne 29 64 Jan 30
50
Do
1st pref.
68
56%
30
Do
30
31
8d pref. 19,202 21%J'ne23 32%Sep 25
30%
30% 30
3,630 13%May 24 18%Aug84
17% 17M n>, Wlsoon.Cent. new{wh.l8.)
16% 16% 17
1,316 48%May 26 59 Aug 28
Do
35
pref.iwhen 1S8.)
5o
54% 54% 54% 65
miscellan's Stocks.
125 §103 Jan 3 §119 Feb 25 *97%Apr 33%Dm
117
117 114
ill6
116 §115
Adams Bzpress
merican Car & Foundry 11,361 15 J'ne 16 81%May 25
16% 17%
16% 17%' 16% 18
11,697 56%J'ne 16 68%8ep 7
64
Do
pref.
63% 65
65% 63>4 94
12,356 3 3% Mar 6 45%Oct 27
15%Mar 153 Not
45% 43% 45% American Cotton OU
45% 45% 46
400 88%Jan 5 97%Oct 26
85
•95
97
Do
66 M»r 38 Aug
pref.
97% 97%
10 30 Oct 18 52%Mar 3
•25
35 36
•SO
American District Tel ....
82 May 1180 Feb
35
35
370 133 J'ne 19 §160)i,Au 39 §116 Jao 139%Ang
n4s% 148% 5150 150
150 5151% American Bxpress
3,465 34 Oco 16 41)4Sep
37% 37% 37% 37% American Ice
8
37% 38
1,49"
82 83% •80 83
76)tOct 19 85 Sep 11
Do
82
84
pref
2,959
S%J'ne
20
American
Linseed
13%J'ly 32
18
110% 10%
12% 12% 12
2.574 44%J'ne 20 57%Aug 10
Do
53
58% 53i4
pref.
63% 53% 53
3.939 10 Oct 25 37%Jan 24
90%Ang
24 J'ly
10
10
10% 13% 13% 13% American Malting
7,390 45 Oct 26 87%Jan 26
Do
45
51% 62)4
pref.
76%J'ly 88 Dm
50% 48% 51
3,147
35 J'ly 6 59 Apr 20
36
36% 36
36% 35% 36 Amer.Smeltlng & Refining
3,100 80 May 31 94%Apr 20
Do
86)6 86%
pref.
86% 88%! 88% 87
13,180 24 May 24 45%Sep 25
43
43% 44
43% 42% 42% American Steel Hoop
3,007 70 May 13 86%Sep 14
Do
80
83
82% 83
pref.
81% 83
48% 50% 49
50% 47% 50 Amer. Steel & Wire (new) 43,056 45 Feb 8 78 May 4
"
8,460 92%Feb 8 106%Mar 13
Do
84%
pref.
94% 94% 95
95% 93
149% 153% 152% 155% 153% 154% American Sugar Refining. 330,266 123%Jan 4 183 Mar 30 107%Mar 146%Aug
270 110 Jan 16 123 Mar 20 103 Mar 116 Jan
Do
§118
118 •117% 118 117% 118
pref.
211 §98 Jan 4 105 Apr 18 §88 Mar 5 98%Dm
97% 100 •97% 100 American Teleg. & Cable.
99
93
8,830 33 May 34 52%Apr 4
34
34% American Tin Plate
35% 36% 34% 36
2,218
81 J'ne
Do
83
83
83
99%Feb 8
pref.
83% 82% 82%
85,645 t88%J'ne 21 229%Apr 5
122 123% 122% 124% 122 123% American Tobacco
83%Jan 163%Bep
170 132 Jan 4 150 Mar 6 112%Mar 13 5% Aug
Do
pref.
34,255 41 Oct 24 70 Apr 26
43% 45
43% 44% 42% 44 Anaconda Copper
i,i4e 136 J'ne 5 160 Mar 17 106 Mar 140%Dm
141
141
141% 143 140 143 Brooklyn Union Gas
•19
9%May 9 20%Aug 14
runsw.
Dock&C.Imp't. 12,765
7%0ct 14 J'ne
18% 19% 19
19%
19%
200
1%N0T
l%Jan 17
•1%
2
5%Apr 21
%Apr
2%
2% •1% 2h Colorado Coal & I. Dev't
13,995 30%Feb 8 94 Sep 11
olorado Fuel & Iron.
17 Mar 32%DM
55
56%
54% 55% 56% 56
'122
88 Jan 6 126%8ep 7 65 Aug 90 Dm
'133
180 122
Do
184
124
pref.
870
9%Dm
6%Feb 15 21%Sep 6
IP
4%J'ly
18% 18% •18% 13
195, Col. & Hock. Coal A Iron.
3,122
163
J'ne 6 233%Mar 11 164 Oct 205)6J'n«
Consolidated
Gas
(N.
T.)..
188% 188% 188% 189% 188% 188)1,
20 Aug 18 50%Jan 31
Consolidated Ice
27%Mar 52 Sep
86%Sep 14 97 Mar 13 83%Apr 94 Dm
Do
pref.
33.479 36 J'ne 21 65%Apr 17
42% 42% 42% 43% 43
43% Continental Tobacco
7,290 78 J'ne 29 10 3% Aug 28
Do
pref.
92% 92% 92% 93% 93
93%
800 63 Jan 4 101 Aug 18 46 Apr 67 Sep
Detroit City Gas
2,050 92^Jan 13
74%Nov 76%Oct
•iVs" lie" 115% 117% 117)4 119 Krie Telegraph ATeleph.
Oct 27
~ 119
72,893 4 6^ Feb
52 Dm
75 Apr 3
29 Oct
53% 54% 64% 55% 53% 55 L'^ederal Steel
-T
10,190 72%May 13 93%Apr 3
Do
78
pref.
69%Oct 85%Dm
78% 78% 79% 78% 79%
3,700
Dm
93%Jan
3
97
Electric
76
123 General
126%Aug 3
Sep
120 121% 121
119% 121
21,43(5 48%Oct 20 76%Mar 20
66%Dec 72%Dm
53
53% 52% 54% 31% 54 Glucose Sugar Refining.
1,670 97 (Jet 23 110 Jan 14 107%Dec i09%r>M
Do
100
100
pref.
100% 100% 98 100>4
770 97 Jan 3 117%J'ly 13 §87%J'ne 96%Dm
H.B.ClafllnCo
114
114% 115
4i«
6,240
24%Oct 17 68%Jan 23 48 Sep 67 Deo
28
29% 28% 29
28% 89 International Paper
1,590
Do
68% Oct 19 95 Jan 5 85 Sep 96 Deo
71
pref.
71% 71%
71% 71% 73
5,090 10 May 6 36 Feb 27
14% 16% 15
15% 14% 15% International Silver
39 45 •39 45 39 46 Knickerbocker Ice (Chic.)
40 Sep 14 83% Feb 23
54%Dec 57 Dm
14 72 J'ne 24 84 Feb 17
Do
81 Dec 82%Dm
77
77
77
pref.
"73% 75% "75" 75% "76% 77% Laclede Gas (St. Louis).
5,112 51 Mar 4 81 Oct 18
37%Mar 54%Ang
•102
96%J'ly 18 102%May 18
'101
Do
85 Mar 96%Aug
102 •108 103
pref.
6%Jan
10 20 10 20 •10 SO Manhattan Beach Co
5 Jan 85 39 Apr 25
2 Aug
2,656 39%Oct 20 62 Jan 21
30%Aug 52%Deo
40% 40% 40% 41
40% 40)6 National Biscuit
295 98)40ct 16 10 7% Jan 19 94%Aug 106 Dee
Do
§96
98
pref.
595% 95% §94)4 95
2,347 28 May 31 40%Jan 20
26%Mar 39%Aug
28
•28% 29)6 28% 89 National Lead
29
1,040 108 Oct 25 115 Jan 21
Do
99 Apr 114%Deo
108 108% 108 109 •108% 109%
pref.
9%Dm
492
2 J'ly 13
Nat. Unseed Oil, tr. certf s
8%Jan 12
8% Dec
3% 3%
•8
83 39
•7%
National Starch
4%Mar 17
3%Nov 9 Feb
9
9
8% May 4
Jan
•65
80
100
•65
43 Apr 20 70 Oct 27
60 Mar
Do
70
1st pref.
75
70
75
20 80
20 SO
10 13 Mar 17 25 Oct 16
Do
12%0ct 30 Jan
Sd pref.
120
20
6,125 43%J'ne 2 63 Apr 24
48
48% 48
48% 48% 48% National Steel
Do
1,853 85 May 16 99%Aug 11
94% 94% 94% 94% 94% 94%
pref.
38%
38
18)6 12%
53)6 64
64)6 54%
18
18% 18
19%
160 162)6 1160 163
•15
25
25
•40
45
45
62)6
82%
160
25
45
•63
30
37
37% 38%
11% VZ
45% 49
77)^ 77%
21J6
72
63
44^ 45M
77
~7H
21
16)6
11
Wednesday Thursday,
Page
(2 pages)
PBIOBS.
•101
'
•15
•40
5«,
52
32% 32%
102« 101
37M 38H 37% 38%
12
lay
12
12)^
58H 53T* 53^ 54)§
17« 18
18
18
149
AND L0WB8I SALE
PRICES
s
.
.
I
I
. .
,
41« *1%
92H 92M
42
43)6
92)^
92%
42)6
92)6
43%
92%
97
116
97
•115
lie
53% 55)4 64)6 55%
78)4 79
78)6 79
121
IBS
121% 181%
48)6 62
50% 63%
97
98
99)6
98%
1131^
112)6 118)6 •110
85
26
26
28
70 71
71
72
*115
119
53H 63%
77H
•71ii
•119)6 121
48
98
50
100
25
23
72
•70
12% 12%
13
116
42
I77«
TiH "72" 77
79
78
77%
•101
•10
40
•39
14% 15%
14%
•39
45
39
45
73'"
77
•
103
20
40
97
•101
-10
41
•
29
108
80
41
96
"29)6
29%
•60
74
30
49
•101
•10
75%
108%
80
40%
40
§96% 96%
88%
29M
109% 110 no8)4 110)6 109 109
12%
2%
3)6
•8
9
7)6
9
•8H
65
76
30
•23
20
i48^ 489g
94H 94H
•35
40
153
•147
48
94)6
35
150
12% 18%
•8
•60
•20
•35
•148
18% 18%
8
9
80
48% 48%
94% 94%
94)6
40
157
72
40
150
12%
7%
9
12%
9
.
P
36
144
13
40
145
13
9
«8
8
8
40« 40%
40% 40% 40% 40
111% 112)i 112% 114)1 113% 114% 113%
57
57
67>4 57)6 J67)4 57%
56%
sm 89« 8H« 89% 190 90 89%
201 206
199)6 202
199% 200
198
85% aeu 25)4 26
84
85% 23%
S7l
71
71
71)4
70% 70% 69)6
•6H
117
•58
69
•5S
7
118
25H 25«
78H 79H
•51
•
•
14% 15)6
77H 77H
S16)i 47%
•112!4114
•iso"' iss"
87% 87%
•
7)6
7
117%
118)6
117
j27
78)6
60
55
25
50
•58%
69
17)6
69
58%
78%
25
60
no
79
66
25
50
,
8tr»«t
Railway.
. . .
,
Bonds
Nassau Bleo pref
6s 1944
AAO
1st 4glrf4a .....»... J AJ
sales
Bid.
on
Ask.
113
103
117
"95"
76
118
96
70
26%
79%
79
155
8
9
70%
70
71
69
Ontario Silver
6,195
6%Jan
15
6 Mar
6,177 37%Oct
32,003 101 May
2,460 44%J'ne
1,411 78 May
6,824 156 Jan
8,160 23%Aug
4,648 89%Oct
59 Sep
6,016
6%Sep
15,285 36 Jan
111 Jan
590 24 J'ne
,
PacifloMall
eop'l'sGas-L. AC. (Chlo.
Pressed Steel Car
Do
pref.
Pullman's Palace Car
Republic Iron A Steel.
Do
.
pref.
. .
9
, .
78
114
98
"23"
81%
55
23
50
§55
55
25
60
1
88
195
135
89
190
•132
195
135
««8% 88%
Less than 100 shares.
(Given at foot of
*
Do
Wagner
8telnwayl8t68l922.J&J
116
116%
..
Cleveland City Ry
Clgve Clty-lst 5b '09.JAJ
34%
50
200
5,439
of 100
p. c. in
'
I
Old stock,
Street Railways.
Cleveland Electric
Con 58 1913
Ry
114
297%
36%
Bid.
95
106
.
MAS
no
.
Crosst'wn 1st 5s
Consol Trac Pitts— S«e
hila
—
110
103
. .
Columbus (Ohio)— Stock.
Con 6s 1933.— S«« Phlla
t
Ex 100
103
Common.
Preferred
,
i
1
Ask.
96
107
113
list.
116%
116
P
Kansas City El 6s
Bonds 4s
Lake St (Chic)Blev-Stock
deb 68 1928
JAJ
LonlBv St Ry— 5 p c bonds
106% 106
101
bonds.
3
14
p. c.
11
St.
110
90
118
111
112
91
Sep
Apr 120 Sep
7%Dm
4%Jan
6%Dm
3%Jan
21 Apr 46 Dm
Jan 30
Aug
61
oonsbcutivb FAQJis).— STREET
Ask.
107
OTHER CITIES.
Bridgep Tr-lst 5s '23.JAJ ?108
Buffalo Street Ry— Stock. 100
Ist oonsol 5s 1931. FAA 118
Deb 68 1932
MAN §112
Chicago City RR— Stock.. 292
615
Fargo A Co
Western Union Teleg rapli
106
Bid.
9,850
pref.
Palace Car....
ells,
Street Railways.
NewWmb'g4Fllatex.4%a
NYA yus Co 5s 1946.AAO
Citiiens' St (Indianap.)
.
pref. 139,084
United SUtes Rubber
Ex div.
7
35
pref.
States Leather. . 447,213
82
83
55
129%Apr
1
43
Oct
40
14
J'ly 19
13%Aug 8
10%Apr 27
6
33
14
13
Jan 25
86%Mar 113 Not
25 91 Sep 7
30 207%Oct 20 I132N0V
36 83%Sep 6
25 -9 Aug 29
56 May
21 85 Apr 28
3% J an
20 12 Jan 10
17 Mar
14 126 Sep 11
§80
Aug
4 160 Aug 22
45 Mar 28
1
76 May 31 89 Mar 29
-.
Jan 12 88 Apr
49 J'ne 9 60
20 Oct 11 S8%Sep 15
20
50 Sep
78%Sep 15
6%Apr
5%J'ne 7 25 Oct 85
63%Mar
68 J'ne 1 84%Oct 27
14%Mar
42%Jan 6 57 Apr 6
60 Mar
111 Jan 3 121 J'ly 8
181 J'ly 17 §205 Oct 18
1125 Jan 10 35%8ep 8 1112%My
86%Oct 13 98%Jan 84 82%Mar
760
United States Bzpress. ..
Unit. States Flour Milling
Do
23% 24% United
Do
84%
24%
47
49% 48)6 49
113
113
113% 114
190
133% 132
88%
pref.
28% 26% 527% 87% Union Bag A Paper
•76
>Do
79
pref.
79% §79
•52
•10
65
25
50
25
83
47
114
195
this day.
OUTSIDE SECURITIES
Cal.Oem.Gr.&B'kynlBt s Ill
Coney Island A Brooklyn. 830
lit 58 1904
J&J 101
6ioertf8lndbtl910.JAJ 101
B'kC.ANew 58 '39.JAJ {114
Qr.8t.ANew lst58'06A&O 104
O'p't A Lorlmer St. Iste*. 108
Kings Co. Blevat.— Stock
Incomes.
12%
40%
89% 40% 40
113% 114% 113% 114%
59
59%
58% 59
89% 89% 89% 89%
196
197% 195 195%
25%
24% 24% 86
58%
300 36 Oct 87 43
800 118 Jan 3 230
NewO«nt.Coal (new stock)
N. Y. Air Brake
12% North American Co
39
144
•58% 59 Qllver Bullion Certlfs.
10%
9% 9% I'-'tandarcl Hope & Twine.
117% 116% 117% 116% 117% 117 119% f^Penn. Coal Iron A BR
112% 114 •113
•112)6 114
•196
200
1195
195
•130
135 130 135
87% 88)6 88
68% 88
;
70
59
7%
19
15)6 19)6
22% 81%
V7% 81
80% 81% 80%
46
46% 46% 46% 47
Bid and asked prices
57%
89%
199%
84%
36
'141
A Do
51"
55
40%
114
7
26% 26%
27
•35
40
150
12% 13
137%
stockdlv.
816 J'lj
60%Sep
iO%Aug
38%Deo
106
1
DM
58%DM
8%May
7e%DM
48%A««
ii3%Dee
ll3"l%De
96%Au
TExrigQts.
RAILWAYS,
&c
Bid. Ask.
Street jK-allwayg.
LynnABo8-l8t38'24.JAD ?118% lie
Metrop W. 8. (Chic). —See St. Ex. List.
Mlnneap St By-5s 1 9. JAJ «108% 110%
'
so
88
Orleans City Ry
100
108
Preferred
340
North Chicago— Stock..
JAJ {106%
1st 5s 1906-16
37% 38%
North Jersey St.— Stock.
New
.
94%
Bonds
17% 17%
16
?l«
94% 94% No Shore Tr (Bost)-Com.
85
87
Preferred
117% 118%
'33
{113% 115%
80% 61% Prov A Pawt'ck-lst 58
{
Buyer pays accrued
Inter est.
THE CHRONICLR-BOND
892
BONDS.
I^N.Y.STOCK EXCHANGE, ||
27
Ik Week Ekdino Oct.
See Sou Ky
latama Mid l8t « n ft. 1928|MAlbany &Susq. SeeD&H.
Allegheny Val. See Penn Co
Am Dork & I. SeeCenofNJ,
1995 Q-Jt
ADnArlorlBtK48
Atch T & S Fegen g 48. .1995 A- O
1995 A- O
Registered
1995 Novt
Adjustment g 48
1995 Novt
Registered
1902 J -J
Equip trser Ag58
BONDS.
STOCK
EXCHANGE
Jan. 1.
Week
Ending Oct. 27.
Low. High
since
Last Sale.
High,. No.
St
Lou
l8t 68.. 19 If
101
98
J'ne'99
1021^
Av Bklyn imp g 58..1934:J
Atlan & Danv Sfe South Ry
Atlan & Tad. See South Ry
Atlanta & Char. See Sou Ry.
Au8tin&NW. See. SoPac.
Creek & S. See M Ich Cen
Bat
alt & O prior g 3>i^8.in25 J
1
Ist
92^
88%
92T< Sale
9('H Sale
99
86%
Sale
93
«9k
73t'
S-7H 96«
97Ji 103J6
10214
100
101>« Sep.'99
8fl^
87
534
78
83
Feb '99
83
88H
83?^
Registered
-J
110
9S^
- J
J -J
1925 » -J
..
W Va&Pl8tg5s
1H90A-O
MononUiv l8tgug5s.l91V- FCen Ohio Rl St eg 41^8 1930 M-S
Pitts & Con l8tg 48... 1946 J -J
Beech Creek. See N Y C & H.
108
Jan.'99
110
96^
Sale
93% 100%
102
96
'
98^
Sale
'im
wii
3al'b
90 j<
'99>i
176
be" 102%
"Vi"
"si
'90"
"Hh
94
100
110
108% 112
111
J'ne'99
107}i J-ly'98
1945 A- O
Bklyn Rap Tr g 5s
BkCity Istcon 5s.l916.'41 J -J
BkQCo&ScongugSs. .'41 3I-N
Bklyn Un Bl Istg 4-5sl950 F-A
Bklyn & Montauk. See L l8l.
BrunsA We8tl8tg4s...l988 J - J
110
116^
104^
97
1922 J-D
..
19 1 8 A- O
1906 J-D
A-O
1934 A- O
Registered
M&StLlstgug7s....lft27 J-D
CRIF&NWl8tg5s.l921 A-O
Canada South
1 st 5s.
. .
2d58
908 J - J
1918M-S
1
191 8
Registered
M- S
116K
116
115% 117%
105fi 108%
97
104%
18
96
97h
9',H
108
1
107J^ Sep.'99
....
137
107
108
108
108
130
129
127
103
J'ne'99
Sep.'99
111
127U 129
127 130%
Apr "97
107Ji 108
108
109
115
Oct.'99
Oct.'99
110>)i
Feb '99
105
108
108
106
Jan.'99
108V^
Oct.*99
Jan.'e7
106
110
105
U P Istg 48.1948 J-D
Central Ohio. See Bait & O.
B
of
Ga^Col g 58'37 >I-N
CenRR &
85
105
SO
.
11
5
78.1902 M-N
Convertible deb 6s. .1908 M- N
1987 J -J
General gold 58
1987 Q-Jt
Registered
Leh &WBCcon as 78.1900 Q-M-
11
See S'
Charles
Istg
96
102
110
63
2
91% 100%
979i
88
1
38
11
1
11
6
169
1P6
169
169
169
119
-F
19U2
?. -D
J-D
SinkiLgfund 6s.l879-lH'.;l' A-O
Registered .... 1879-1 92t< A-O
Sinking fund 58.. 1879-1 929 A-O
Registered ....1879-1929 A-O
Sinking fund deb 58. .1933 M-N
Registered
1933 .>I-N
25-year debenture 58. .1909 M-N
Registered
1909 M-N
30-year debenture 58.. 1921 A-O
Registered
1921 A-O
Extension 4s.... 1886-1 926 F-A
Registered .... 1 886-1 926 F-A
Gen Gold 3%8
1 987 M-N
Registered
1987 Q-N
Escan & L Sup 1 st 6s. 90 J -J
Des Mo & Winn Ist 78. 907 F-A
Iowa Midland 1st 8s. 1 900 A-O
Winona & St Pet 2d 78 1 907 M-N
Mil&Madlst68
1905 M-S
Ott C F & St P 1st 5s .1 909 M-S
North Illin ois 1 st 5s. 1 9
MS
Mil LS&W 1st g6s... 1921 M-N
Convertible deb 5s 1 90 7 F-A
Ext & Imp sfg58...1929 F-A
Mich Div st gold 6s 1924 J-J
Ashland Div lstg6s 1925 M-S
Incomes
1911 .>I-N
Chic Rock I & Pac 6s. ... 1 9 1 J-J
Registered
1917 J-J
General gold 48
198^ J-J
Registered
1988 J-J
Des M & Ft D Ist 4s. 1 905 J-J
l8t2%8
1905 J-J
Extension 48
1905 J-J
Keok&DesM 1st Ss.. 1923 A-O
Small
192;- A-O
190i
J'ly'98
.1936 J -J
6s ser A. 1908 A-Ot
1911 A-Ot
193t M-N
7s..
.
1939 M-N
1992 M- S
1 992 M- S
Registered
J -J
1
con
48
1989
R & A Div St
g
1 98t J - J
2d con e 4s
Craig Valley Istg 5s.. 1940 JWarm Spr Val Istg 58 1941 M-S
108
120
115
120
129
15
123
95^
117
95
Sale
H & D con 8 1 7s
116
111
122
117
8yracuieRap.Tr.,
1946
Union Trac (Chic) Com.
Preferred
United Rys (St
Preferred
104
100
Oct.'9f
J'ne'99
100
,
•ibei^
•ibs"'
L)—Com.
XJn'd Tr&lineo(Prov)-St'k
West Chioagc Bl
Oon 1936
M&N
112% 118%
108% 114J4
Oct.'99
111
121
125
Sep.'9v
142% 145%
HI
115
112% 114
115
116
106
Sep.'99
J'ne'99
Oct.'99
120
116
110%
105H Mar'99
122« Aug'99
119% Dec '98
1059^ 109
110
109% Mar'98
118 J'ly'99
108
121% 12s
110
'.
121
126
Oct.'99
J'ly'99
111%
117% 118
117« Feb '98
110%
109
108%
106% Feb '99
108% 108%
Sale
106
A.ug'99
109
106% 1061
102% llOi^
10
103
Nov'98
107« May'98
108
124
139
111
113
Jan.'99
Aug'99
Sep.'99
Feb '97
Oct.'99
Dec '98
Oct.'99
J'ne'99
Sep.'99
114%
132%
132% Aug'99
107
107%
Sale
1077^ Apr'99
96 Sep.'99
81%
110
124
111
114
140
141
131
130
107
124
117% 117%
12u
138
141
Oct.'98
J'ne'99
117% Feb '99
105%
120
140
14u
87% Aug'99
98% May'99
111
114
139% 143
117%
12ft
140
146
114% 114%
181% 136%
132 134%
189 104% 110%
105% 107%
96
98%
83
87%
98% 98%
113
109
Oct.'99
109
114
138
138
136
140
138
136
141
Oct.'99
108
135
101
101%
100% 104
108
UOV
107%
106% 106%
1039<
106% Feb '99
IIS^
106
115
129%
97
106
120
127% 138
140
Mar'99
130
98
140
128% 134
93% 102V
11
40
106
120
Oct. '99
Oct.'99
106
123
99
95
90
Aik.
18%
110
84% 8«%
Gaa
Securltlew.
NEW
FORK.
Cent Union Gas— lit 5s
99
92
Gai
(NY)—
Stock—
Con
93%
Deb 5s 1908
U&N
32% 83%
81% 82% Bqult Gas
32
92
106
119
119%
tl06% 108
F4A
Ist 6s 1899
Con. 58 1932
94% Mutual Gas
107
N. Amsterdam
Pref
Ist consol 5s
28
108
{101
7 cojtsbcutivb
«
112
115%
94%
95
87M 98
95^ 97
999t 108%
16
97
103
99
103k
May'99
87
Ang'98
J'ne'e9
"19
99
99
104% Aug'99
95
108
104%
118% J'ne'99
103% Apr'99
118% 118%
103% 103%.
84%
Sale
85
23
23
as
137
8ep.'99
33^
17
1
J'ly'99
97
88% 88%,
17
138%
135% 138%,
....
134% 137%.
108% Feb '99
103% Oct.'99
108% 108%
106% ;0£%
184%J'ne'e9
188
184%
69
76
90
Sale
64
65
15
68
72%
85%
31
70
Bale
71%
84X
44
84%
faqeb).— GAS SECURITIEb,
Ask.
80
lOS
102%
Do
preferred
Bid.
Ask.
Ciias Heourltlnii.
die.
Bid.
OTHER CITIMB.
90^ 91%
Baltimore Coiuoildat— St «Balt
102% 105
110
109
94
105
180
116
US
118
96
116
138
118
113
MAN
1st 58 1930
BROOKLYN.
290
Brooklyn Un Gas— N Y 8t ook B xoh.
26% 30
35
1st oon 5i— N Y Stock Bzch.
56%
97
WilUamsbarK Gas— let 6s {100 108
96
260
Com.
120
96% Apr'99
W
Gaa Securltlea.
ITY Blec Lt Ht & Pow 48.
Gold 58
N Y & Bast River Uas—
J&J
106
1st 58 1944
«
Consol 5s 1945
J4J
YStk Bxoh
Nor Un Ist 58 1927. .MAN
110
106
118
Standard Gas— Common.
118
Bid.
M&S {112%
Gas,
120
Oct.'97
Oct.'99
tDueNov. IDueJune. IDueJan. iDneMay. a Option salea. bDueAng. cDueApril.
(Given at foot op
^oroeiter (MaBijTr-Com
Preferred
,
Aug'99
Sale
Sale
OlS I St L & C lltg 4i.l93e Q-Fb
Beglitered
1936 Q-FL
V6
t Bond* due July.
99% 99%
J'ne'99
103%
116
J-J
M-N 103%
Registered
1990 M-N
Spr & Col Div Istg 4s.l94( M-S
90
W W Val Divlstg48.194( J-J 82
01nW<fcMDlvl«g4».1991 J-J
92
32 113 117Jg
" 6 10451105
109% 113
114i<
Mar'99
105
111
180
99%
120
J-D
BtLDlvl8tC0ltrg48 1990
lOlJi Apr'99
101
101
109 J'ne'99
103?< Oct.'99
Sale
.
A-O
J-J
M-N
Cairo Dlv ist gold 48. 1039
95^ May'98
and asked thla week,
48
120
116
106
121
106
123
118%
137% 187%
lll« 112% 111% 111%
111% ... 112% Aug'9y
92% 97% ClAk&Ceq&2dg6s.. 1980 F-A
108
C C C & St L— Oeng4s 1993 J-D
97% Aug'89
99
905
1937
1 94
1
95^
100
OUTSIDE SECURITIES
Ss,
121
125
145
.
A40 109%
119
115
105% Feb '98
.
17
J'ne'99
Sep.'99
118% May'99
137% J'ly'99
106% May"97
CI St L & C cons 6».. 1920 M-N
OUiS & CI con lit 8 51.1928 J-J 114
1913 .M-N 111
Sale
111
Itt pf 7i..l90( J-J
IndBl&
1903 M- S •112
Oct.'99
125% 151^
Convertible 58
OlndAW litpf Si... 193^
Illinois Div g 3>i8 ...1949J -J
35
Peo * BMt lit oon 4i. 1940
104H104H 104% 104H "ii 108% 104%
1 949 J - .>
Registtred
Income 4t.
199C Apr
1189^Sep.'99
115% i'isk
1014 J-C
Iowa Div sinkfd 58. ..1919 A-O 112
Consol 7i
1919A-0 105 Sale 105
105
48
103% 107
Ooniol linking fd 7i...l914 J-B '188
1922 F -A
103 Oct.'99
101)^ 105
Denv Div 48
CNueral ooniol gold 61. 1 934 J-J
M100 Apr'8»
100
105
Southwestern Div 48.. 1921
S
Beglitered
1934 J -J
105 Aug'^~
105
106
Chic & Iowa Div 5s. ... 1 905 F -A
OAB lit M C C & 1 71.1901 A-C
2 105J 113% ;l Lor & Wh oon lit 58. 193S A-O •106
Netraska Exten 48. .1927 M-N 111^ Sale 111% lll%1
1 927 M-N
111% J'ne'99
Registered
lllV 111% 31«T A Marietta. See Pa RR.
120
120
15 120
124
Han&StJoa con 6s... 1911 .M-S
01«T A Mahon Val g Si. 1938 J-J
1
907
J
D
114
1145^ Oct. '99
Beglitered
1938 Qn-J
Chic & E 111. Ist 8f cur 68.
116k
1907J-D
Small
OI«T & Pltti. See Penn Co.
1934 A-O 135
134 139% Ool Mldl'd— lltg2-3-4i.l94': J-J
139^Sep.'99
61
Istcon g 68
116
117
1947 I - J
1 937 M- N
lltg 4i
72
fl6H
109% 117%
Gen con 1 st 5s
118>i
1 937 M- N
1929 F-A
Col&Sou iBtg 48
Registered
85
103HS Nov'98
107 Aug'99
107
9ol&9thAv. Se«MetStRy.
107
Chic & Ind C Ry 1st 5s 1936 J - J 106
'Tolnm & Greenv. See 80 Ry.
Chicago & Erie. See Brie.
Col & H Val. See Hock Val.
Chic Ind & Louisville—
114 Oct.'99
114 118% 3ni Oonn & Term. i8e« N&W
LoulsvN A&Chlst6s..'10J- •113Hi
Bid.
Aug'99
122%
132>i
121% 123
118^ 124%
118%125j2
110 112%
122% 122%
May'99
112
121
1
1
.
15
J'ne'99
104H 104
Debenture 58
Railway.
-
120% liSO%
122% Aug'99
120
1
111% 119%
Cin D & I Ist gu g 5s.
118% 123
CIStL&C. SeeCCC&StL.
117% 121
Cin S & C. See C C C & St L,
116% 118i< City & S Ry Bait Istg 5s 922
909i 97Ji Clearfield & Mah. SeeBR&P.
115
121M Aug'99
118H 119i4
119^ Sale
U3HU4H
MlBsRlvBlstsfg 68..1912A-0
street
18U
109% Dec '98
1
.
102
115
ni4
Chic Bur & Q— Con 7s. .1903 J - J
1901 A-O
Sinking fund 58
ftoohester Ry
Con 58 1930..
J&D
;jd58 1933
»o Side Bl (Chio)— Stock
129
132
113
1
.
2dgold4%8
.
lateit bid
130
172%
120%
120%
1-
118H 116)^Ang'99
101
Lex &BSgng 58.1902
No price Friday;
121%
160% '72%
160 174%
161
172%
112% 122%
120 120%
118% 123%
.
1
Oct.'99
100J«
M-S
Chic & Alton sink fd 6s.. 1908 M-N
Lou & Mo Rlv Ist 78 .1900 F -A
1900 M-N
2d 78
*
Sep. '9 9
O0l.'69
Sep.'99
Sep.'99
Oct.'99
112% 112%
Nor Wisconsin 1st 6s.. 1930 J-J
113% 122J^
St P & S City Ist g 68. 1 91 A-O 128
112% 121H Chic Ter Transfer g 48.. 194 J-J
97% Bale
98% 102% Cb & W est 1 1 st 8 f g 6s. 1 9
M-N 105
General gold 6s
1932
D 119% 122
»79i 10S4
Chic & West Mich Ry 5s. 92 f.
114
116%
Coupons off.
1921
.. 100
24
120
117
117
9754
44!4
Cin
4>^s
.
172%
1
•114
Pac Co
.
161% 173
..
.
8ep.'99
1.
Sep.'99
169
J-D 120
J-D 18'«
78.191
since
Jan.
173
J -J
J-J§ 110
Q-J§
J-J5
J-J§
7% Chic&StL .SffAtchT&SF.
ChlcStL&NO. See 111 Cent.
Chic St L & PMtts. See Pa Co.
102
102
Chic St P M & O con 6s. 930 J -D
109% 112
ChStP& Min Ist 68..] 918 n-N
J'ne'tf9
120^ 120
Re, istered
Ellz
97%
9-.H
Aug'99
J«
95 Dec*98
8
gug58.'2 J-
Am Dock & Imp Co 58.1921 J-
Gen gold
Sep.'99
93^
96
116% 122
112}^ Mar'99
120
117
1912M-N no2
Cent PaciUc
Ches & Ohio— G
Gold 68
let con g 58
122
88
. .
&Sav
Apr '99
95
97
N J-lst conv
LeAHud Rgen
89
88
99
1946J -J
MobileDivlstg5s....l946 J -J 102
96
MldQa&AtlDiv58...1947 J -J
5s
1
1
Range
1^-
Ask. Low. High. No. Low. High
92 108%
100 Aug'99
104 110%
110 Oct.'99
Bid.
• 98
•108
..
J*ly'99
Sale
M&NDivl8tg5s
Centof
Last Sale.
..
1945 M- N
1945 Oct.*
l8t pref income g 5s
2d pref in come g 58... 1945 Oct.*
3d pref incomeg58...19450ct.t
Oct. ^7.
.
107% 111%
107% 112
96
89
Ry— 1st g 58.1945 F-At 119«
1945F-At
1945 M- N
97
.
.
1
Cen Branch
Range or
1
117%
110% 110%
111
CRIaF&N. SeeBCK&N.
Registered
Consol gold 58
Registered
1916
989
Registered
989
Gen gold 3%s series B. 1 989
Registered
1989
Mil & No 1st
6s... 1910
Ist consol 6s
1913
.
.
1084
116
Carb A Shawn. See 111 Cen.
Car Cent. See Seab & Roan.
Carthage & Ad. SeeNYC&H.
Cent of Ga
Dak & Gt So g 5s
Gen gold 48 series A.
.
78
Cl&Mahl8tgug5s...l943J -J
Buff & Southwest. See Brie.
Buff&Susq 1st gold 5s.. 1913 ACon lst&coltrg58....1934
110
1099i
118^
.
107
Week's
Price
Friday,
.1921
Registered
Buff N y & Erie. See Erie.
1937 M-S 106^
BuffR&Pgeng58
1947 J -J
Debenture 6s
Roch& Pitts Istg 6s.. 1921 F-A 127
Registered
5s.
Gold 78
5
[Vol. LXIX.
1.
J-J
Terminal gold 5s
1914 J-J
Far&Souassug6s....l924 J-J
Cont sink fund 58
1916 J-J
Wis & Minn Divg
ML
Bel & Car.
Boonev Bridge. See M K & T.
Bway&7thAv. SeeMetSRy
BurCR&Nl8t5s
So Minn Div 6s.... 1910 J-J
78.. .1910 J-J
58
1910 J-J
Chic & Pac Div 6s
1910 J-J
Chic
Istg 5s... 1921 J -J
Chic & Mo Rlv Div 5s. 1 926 J-J
Mineral Point Div 58.. 1910 J-J
Chic&LSu Div g 58.. 1921 J-J
Chic* Northw— Con
See Illinois Cent..
Consol l8t6
l8tC&M7s
1903 J-J
& St P con 78.1 905 J-J
Ist I & D Exten 7s
1908 J-J
Ist Southwest Div es..l 90n J-J
lstLaCro8se& D 5s. .1919 J-J
Chic Mil
&PW
lstg3>-<;8.1925
Regifter.d
7s£goMRD.... 1902 J
IstHast&DDlv
1948 A-Ot
1948 A-Ot
Registered
J-J
J-J
1st
1925'J - J
Gold 48
ref g 58.. .1947
Refunding g 6s
1947
Chic Milwaukee & St Paul—
M&StP— lst7s$gRD.'02 J
ae
M-S
Atl
PouthwDiv
99
Page
N.Y.
Ch I & L(Con)
Alabama Cent.
Chie&
(5 pages)
Range
Range or
Ask Low.
Bid.
«
Week's
Price
Friday,
Oct. 27.
PEICES
Bay State Gas—
Incomes
Aik.
lillt
1«
Boston UnltedOai Bondi- -Boito nLlst
Bnffalo City Gas— Stock.
9
10
Ist Ss Bonds
i 80
66
:!hloago Gas- See N Y Sto ok Bx oh.
}icero Gas Co IstOs
103
tnolnnatl Gas & Coke.
184
186
Olty Qai .Norfolk Va) ....
.
lit 68
{And
Interest
tPrlre
{
n«>r
ah
38, 1899
Oct.
THE CHRONICLE -BOND
]
BONDS.
H.T.STOOK EXCHANGE
Wbbk Ehdinc
Pnee
Wetlt'i
Range
Friday,
Bange or
tince
Oct. 27.
Last Sale.
Oct. 27.
Low
Atk.
Bid.
Jan
M-8
A-O
M-N 143«
,1900 J-J
7
1871-1901 A-O *105
7i
1915 J-D 140
Istoon guar 7s
1815 J-D
Registered
HTLack&W 1st 6s. .1921 J-J 184
1923 FOonstruotlon 5s
1923 M-N
Term & impt 4s
1900 A-O
Warren ad 7s
De1aware& Hudson
1917 M-8 146
litPa D1t7s
1917 M-8
Beglst«red
A-O
lb & S^slstoonga7sl906
1906 A-O
Begtitered
1906 A-O
Gold es
1906 A-O
BegUtered
1921 M-N
B«ns&Sar lst7s
1921 M-N
Registered
D »1 RlT RR Bge. See Pa RR.
Dan Con Tr Co Istg 5s..l933 A-O
Den Tram Cooon g 68.1910 J -J
Met Ry Co 1st gu g 68.1911 J-J
nan & ROr 1st gold 7s. .1900 M-N
1936 J. J
1936 J -J
Improvement gold 5s. 1928 J-D
Pes M & Ft D. Se« C R & I P.
126H J'ne'99
1261^
ia49i Aug'99
108^
Sep.'99
Ooi.-9b
J'ly'99
8ep.'99
J'ne'99
108
Aug'98
146
143
8ep.'98
122
J'ne'99
140
138
123
108^ 111
1411^ 146H
May'97
120^ Apr'99
138
117
142^
108>4
108^
122
120^ 120H
192
115
116K Aug'99
U6H J'ne'99
154
141
126^
182
117?<
U4iill7H
Sep.*99
,
160M 154
May'98
Jan.'99
90
103
9896
lltoong 4s
lstoong4^8
Oct.'99
36
V9H
99^
108 Oct.'99
i05JiOct.'99
105
107
J-D
J-D
A-O
90
70
••tM&Tol. SmLS&MSo.
Det AMsok lstUeng4s.l995
1995
acid 4s
Dal ft Iron Range 1st 5s. 1937
107^ 118%
108X 109H
72H 78
110
Sd lien mortgage 6s ... 1 9 1 J -J
A 8 Ist g 5s 1928 J -J
Dnl Bed
Bui So Shore & At g 58.1937 J -J
KMtof Minn. 8««StPM&M.
109
Blgln
109
W
lOS
110
Apr'99
107M 108
Sep.
Oct.
68
105
A-O
1937
Beglstered
92M
.
aatTVa&aa. SM.SoRy.
Jol&B Istg 5b... 1941 M-N
8. &« C ft O.
Us Lex & BNo.
SeeliehANT.
Blm Cort &
1947 M-N
rle 1st ext g 4s
110
109J^ Oct.'99
104M111
118
181
114
121
105
7SH
78
Sale
66
140
106
105
101
May'99
Hock Val
Ist oon g 4^8.1999
1999
Registered
Isteitg 48.1948
Col
T let g 58.1933
Houst E 4
Hons 4 Tex Cen. See So P Co.
&HV
W
IUlnols Centralist go d 48
1951
1951
Registered
1951
1st gold 3^1
1951
Registered
lit gold 38 sterling. ... 1951
1951
Registered
1952
Ooll Trust gold 4i
1952
Beglstered
1963
gold
Tex
4i
LNO4
No
price Friday
Sale
109
Gas
Ulty
Col Gas
stona) 5s
Bid.
98
65
90
«
L 4 Heat— Com.
Preferred...
J4J «105%
lBt5s 1983
83
Oonsolid Ga8(NJ)— Stck
J4J 87
Ist 5s 1930
OonsolGas
Pref
1st 68
Detroit
(J
City)— Stk
M4N
Grs— See N Y Bxo
Essex & Hudson Gas
Ask.
100
70
98
23%
88
81% 82%
57%
(Pitts)...
Bonds 58
Consnm Gas
See
NY
Leh Val (Pa)
LehVNY Ist gug4^B.. 1940
ooll
Registered 58
114
105
101
h.
106
103
list.
43
45
Feb 90
121
131
104
90
Sep.'99
104
104
104
J'ly'99
x>.ov'»8
128
124
93
Sep.'99
Sep.'99
Oct.*99
65H
115
102% 108
104% 108
121
186%
91
60
107
357
73
699i
104
-J
1940 I-J
J
A-O
A-O
Leh VTerRy Istgn g5Bl941
589<
97%
66
117
76
96
il8H
102)^
Gold 4i
Debenture gold
IIIHIUH
ULifled
128
181H
1359^
1949
1935
Bklyn4Mon Istg 6s. 1911
1st 5b
1911
Nor Shb Istoon ggn 5s. .'82
Mo
Riv.
Chi
4
See
4
Alt
La
L B 4 8t L Con on g 6s Tr oerts
General gold 4s
1943
5s..
91% 93
'99
9994 I019<
88
Oct.'99
33
88
184«J'ly'99
130
12i%
101
Oct.'99
J'ly'99
96
99
108
101
100
107
Jan.'99
Jau.'99
100
107
100
107
100% 100%
100% Apr'99
59
60
5
9
106
131
134
68%
8
60
Oct.'99
NoT'97
131% Aug'99
118
181%
J'ly'99
Istg 6s.. .1919
General gold 6s
1930
Pensacola dlv gold 6s. 1920
BtL dlv Istg 6s
1921
105^ 107M
97H 104H
L'>nl8Ry Co Istoong 68.1930
107X 116H
ds.
J-D
M-8
Beglstered
1993 M-S
L«xAv4PFlstgng5s.'93 M-S
Registered
M-S
Bid.
Ask.
63
55
Ist 68 1925
77
J4J 74
Grand Rapids Stock
106
Ist 5s 1915
F4A 104 106
Hartford (Ct) Gas L... 25 t 43
Indiana Nat4 lU Gas— Stk
73
68
Ist 6s 1908
M4N 70 76
Indianapolis Gas— Stock. 106
108
1st 68 1920
M4N 106
Jersey City Gas Light.
250
Laclede Gas— N Y Stock Kxcb.
Lafayette (Ind) Gas— Stk
65
55
1st en 1924
MAN 75 79
—
« • • • »
. .
133%
117
113
116
107
188
114
181
109
61
15
6794
103
106% 109%
107% 110%
94% 100%
97% 101
114%
8
111
108
110
108
1089i
106% 110%
14
91
99
al5
98
93%
Oct.'99
a2
ll'r"'
1
95
116
11294
1319^
Mar'98
103
102% 8ep.'99
Sale
120
100% 103%
120%
11894 124
181 135%
123%
124
Oct.'99
18394 137
184J<
134
Oct.'99
124
11
1943
I
Due January.
Gas Securities.
LogansptA Wab Val— Stk
1
Gas— Stock
Bid.
Ask.
48
67
52
70
84
9
ia7%
Due October. IDneJuly. a Optional.
Ist 6s 1925 ..
J4D
Madison (Wis) Gas— Stck
80
1st 68 1926
A40 {107 111
Ohio 4 Indiana— Stock
48
43
1st 6s 1926
68
J4D 64
Peoples Gas 4 Coke— N Y Stock Bxch
Philadelphia Co— See Bos ton L ist.
46
St Joseph (Mo)
43
5s 1987
95
93
J4J
8t Paul Gas— Stock
60
65
Consol 58 1944 ....M4S { 88% 90
^rraoose
13994
122%Oct.'99
consecutive pages).— fi'^^
Wayne (Ind)— Sto ;k
10
.
Ool49thAvlBtgug5B.1993
10494 10494
103
107
Securities.
.
H0K'pt4BV. SeePMcE4Y
Metropolitan Bl. See Man Ry.
<(et St Ry gen
tr g 5s. .1997 F-A 130
Bway47thAvlstog6B.1943 J-D 123«
1045^107
7
109
XQtH 10794
118H 117H
.1908 J-J
Sdds
1899 M-N
Kan S
Oolonlx g 5s. .1934 J-D
Market StCRy Istg 68.1913 J -J
losii io-rji
J'ne'99
1049i Jan.'99
106 8ep.'99
101 Mar'H^
J-J
M
abon Coal. See L 8 4 M 8.
U snhattan
Ry oon 4b. 1990 A-O
Metropol Bl 1st g
78
6
103
1
35 lOOM 103M
60
106
114
J-D 114
114
J-D 116
120 Oct.'99
100 110
109 Sep.'99
M-S 109H
101
101
135 Dec'98
M-8
6H
adgSs
62
1980 M-S
Oct.'99
Hash 4 Dec Ist 7s
103
1900 J-J
103
31nkfd(84A)g 6s.. ..1910 A-O
77
84NAoongugSB....1936 F-A
110
109% 109V<
87H
Gold 6b
1937 M-N 109
62
66«
09% Sep.'99
Dnlfledg4s
1940 J-J
100
999^ 104M 100
Registered
1940 J -J
99H 106H
"9*8"
98
Co) tr5-20g48 ....1903-18 A-O
Sale
98
Pens 4 Atl 1st gng 68.1921 F-A 112^ Sale 112% 112%
too
103
OoU trust g 58
1931 M-N 108
108i6 J'ly'99
L4N4M4Ml8tg 4V<8.1945 M-8 108
10894 Aug'99
lu8
NFla48l8tgug5s ..1937 F-A *93' 113 108
99
Kentucky Cent g 4s... 1987 J-J
99
98%
108 Jan.'98
L0ln4Lexg 4^s....l931 M-N 112
L 4 Jeff Bge Oo gug4s.l945 M-8 95
93 Eep.'99
L N A 4 C. See CI 4 L.
lOlH
101
92^
115
105
95
J -J
1930 J -J
Sd gold 6s
BH4Na8h
Feb
96
Sep.'99
96K
95
86
96
Oct.'99
Aug'99
101%
39
98«
M-S
M-S
Lou4Nash—Ceoe) Br7sl907
N0 4MlBtg 6r ..,.1930
103M
1801^ 18«
100>6 107
13
1932
.1934
48
N Y B 4 M B con g
20 lOOM 107H
98
. . ,
g
NT4RB
Istg 6s.. ..1927
98M 108^
120
5s.
4% Aug'99
98
96
M-8
J-D
J-D
M-S
M-S
A-O
M-B
M-S
W-O
Aug'98
107% 108%
lis
114%
100% 110
90«
L R4M Istg 68 1937 Trotfs.
98% Long Dock. See Brie.
106
105^113%
101
180
95
100
108>4 Oct.'99
109H
.
General gold 4i
1938
Ferry lit gold 4^1.,,. 1922
116% 181%
103% 114
130
110«Oct.'99
1'
ReglBtered
1941
V Coal Co lit gn g 61. 1933 J -J
Registered
1983 J -J
Leh 4 N Y lit gn g 4i. ..1945 M-8
Registered
1945 M-S
Bl C 4 N Ist g Istpf6s.l914 A-O
L
106
107>^ J'ly'99
103 Oct.'99
Gas
104% 106%
121
120
M-N
M-N
g 5s.. 1997
1997
Registered
140
(Given at foot of
Fort
•120
Cent.
1\.6H
121
these are latest bid and asked this week, t Bonds due August, t Due April.
Secnrltleg.
H A L (F
M S.
Registered
OUTSIDE SECURITIES
100
•118«114>i l\S]^ Oct.'99
1 )S% Oct.'99
Long Isl'd— Ist oon g 6i.l931 g-j§ 123
102
Istoong 48
1931
106M
104
lOi
188%
100
•103
77
107*'
112M Nov'98
J
130
Apr'99
iU6^ Oct.'99
127
93
63
115
90
709i Sale
106
106 J'ne'99
108>iApr.'98
M-8
M-S
A-O
A-O
M-N
100
87
113>i J'ly'99
J
127X
8ep.'98
106>< Aug'99
•120
95
Deo '98
101«
4
W
110«
J
J
1953IM-NI
Registered
*
J-J lOlH
J-J
A-O 106
M-N 100
137%
1
90
SW
4 St J. Se«CB4Q
Han
ousatonlo. Su NYNH4H.
183
28
100
98
70
100)^
ibo*
May'99
•127%1279i 127H
46
Mar'98
79
Ang'99
101«
123
guar 5s
1914 A O
111H116M LehGold
4 Hud R. See Cen of N J,,
Leh 4 Wllkesb. See Cent NJ.
Leroy 4 Caney Vai. See Mo P.
Lex Av 4 P F. See Met St Ry.
Mar'99
105
106
8
121
189H141«
63>i Oct.'99
108«
A-O
94
105%
101% 108%
loiji Oct.''99
109
W
139>^ 1459i
100
See 8 P Co,
of '82 Ist 58.1913 A-O
al
Oa 4 Ala Ry Ist pt g 58.1945
1945 J-Jt
let consol g 5s
Oa Car 4 No Ist gu g Ss.l929 J -J
Georgia Paclfla See So Ry.
Gila V G & Nor. Set So Pac Co.
Grand Rap 4 Ind. See Pa Co.
Gray'8 Pt Term Se« St L
Gal H4H
101
93«
81
••••«•
lOlH
Kan C 4 Pao. Se« M E 4 T
Eansas Mid. Se« St L 4 S
Eentucky Cent, See L 4 N.
Eeok 4 Des M. See C R I 4 P.
Enoxville 4 Ohio. See So Ry.
iBt gSs.1937
Lake:Brie4
2d gold 5b
1941
North Ohio Istgn 6b.. 1945
106^ 106H
. . .
105
102
'46% Oct."'99
"
100%
E
115«183« L
Oct.'99
M-8
121
May'99
114 Oct.'99
M-8
A-O
121
8ep.'99
J-D
106>< Apr'99
141
M-S 141
Oct.'99
M-8
143 Dec '98
142
A-O
Sep.'99
••««• ••••! 140
Feb '99
Bnff N T ABrie 1st 7s.l916 J-D
Boff&S W gold di... .1908 J-J
1908 J-J
SmaU
106 Feb '99
feSRR l8t ga gold 58.1909 A-Oli •104
Istg
1982 M-N
Brie
5s...
116
&
ll6HOct.'99
Ohio
Goal & RR 1st gn 68.1922 M-N
Dock &, Imp iBt oar68.1913 J-J •116
109 Oot.'98
H Y & Green Lgug 58.1946 M-N 108
1946 M-N
Small
4s
pr
bds.1996
90
91
Istoong
J
-J
rle
90Ji
1996 J-J
BegUtered
93Vi May'99
78
llteongenUeng48....1996 J -J
71H "TIH 70"^
1996 J-J
Beglstered
1st
ref
68.1937
111
J -J
111
B Y 8 & W—
8ep.'99
1937 F-A
8dgold4Us
92^ Aog'bS
1940 F-A
General e 58
97
96
96M
1943 M-N
terminal Ist g 5s.
lll« J'ly'99
Regis $5,000 each. 1943 M-N
Wllk&Baslstgng 681942 J-D 104 106 106 Oct.
122
Mid RRofNJ Istg 681910 A-O
182 J'ly
aeanALSap. SmC&nw,
60
65
NOT'97
Boreka Springs Istg6s.l933 F-A
1981 J-J 128 126
I8t0)n6s
135 Sep.'99
t*TH
gold
6i....l942
A-O
105
general
Sale
104
105
1st
1923 A-O 100
Mt Vernon Ist 6i
85
gnll CoBr'oh l8tg58..1930 A-O
100 J'ly'99
r&Ind Istoon gag 6s.. 1926 J -J 109
SwChMAStP,
Fargo* So.
.1920
A-O
118
M
6s...
Fere
133
Aug'99
&
g
Flint
106
108
lit oonsol gold &S....1939 M-N 1041^ 106
108
107% Sep.'99
Pt Huron Dlv 1st g 5s.l939 A-O
104
111
102% Sep.'99
ii
llOM 116
1919
1923
1920
1928
1st oousol gold 78. ...1920
lit OOQBOl gold fd 78.. 1920
Long Dock oongold 68.1935
W nar 4 8 A.
92
A & 6 R. See L 8 4 M 8.
Kal
an & Mich. See Tol 4
0.
C 4 MR4B Istgug5s.l929 A-O
KCP4Gl8t4colg 58.193 A-O
72
112
110«
Sdextgold 5s
Sdeztgoid 41^
4thextgold 5s
etheztgold 4s
1943 J-J
ConsoIgoldSs
Ft S & V B Bge. See 8tL&SF.
Fort St U DCo Istg 4^81941 J -J
FtW 4 DC— Istg 4-68.1921 J-D
4 Rio Gr let g 3-48.1928 J-J
Ft
90
J-J
A-O 104
M-N l2iH
M-S «m
M-8
J-D 114
Iowa Central lBtgold68.1938
Iowa Midland. See Ch 4 N W,
Jefferson RK. See Brie.
Feb.'99
UOii
116
ria Cen & Pen 1st g 58. .1918 J -J
lit land gr ext gold 5i.l980 J -J
lC29i
.
Ist guar g 5s
1985
Ind Ili& la Ist ref g 58.. 1948
Int 4 Gt No lit gold 61.1919
ad gold 5b
1909
8dgold 4s
1921
109
VS]4 104
103
•••M&Mlnn. SetCb&Syf.
SMMCnRr Istg 5s... 1917 M-N
111
lOlH
.
106
High
100MSep.'98
110
L Son I8tgug4s...l931 M-8
Carb4Slstg 4s
1932 M-8
IndB14W. Se«CCC4 8tL,
Ind Deo 4 W 1st g 6i. ..1935 I -J
93
Jan.!
Atk. Low. High. No. Low,
St
92
Uange
Week's
Sange or
Latt Sale.
Oct 27.
Sid.
141^ 144
b93
2.
Friee
Friday,
8'S
nninois Central (Con)
Coll tr 2-10 gold 4I....1904
-J
Registered
1904
-J
Western Line 1st g 4s.l951
A
Registered
1951
A
Louisville Dlv g 8Hs .1953 J-J
Registered
1953 J-J
St Louis Dlv g 3b
1951 -J
Registered
1951 J-J
Gold 3^8
1951 J-J
Registered
1951 -J
Cairo Bridge gold 4s. .1950 J-D
Registered
1950 J-D
Middle Dlv reg 5i
1981 F-A
Spring Dlv Istg 3«s. 1951 J -J
Registered
1951 J-J
Cblo St L 4 N O g 5s. .1951 J-D
Registered
1951 J-D
Gold 3>i8
1951 J-D
Registered
1951 J-D
Mem Dlv Ist g 4s. .1951 T-D
Registered
1951 (-D
Bellev 4Car 1st 6s. ...1923 J-D
124m249<
14l?6Sep.'99
107
8ep.'98
108^ J'ne'99
lilH
BONDS.
BT. Y. STOCK EXCHANGE
Wbbk Bndino Oct. 27.
1.
Page
(5 pages)
High. No. Loto. High
Oonn A Pas RlTi Ist g4s.'43 ADak&atSo. aeeCM&StP.
aUaa & Waco. Set M K&T.
Del Lack & Western 7s..l907
Byr Blng * N Y 1st 7s.l906
lforrls& Kssez 1st 7s. 1914
prices
IIM
SECURITIES,
Gas Securities.
ayr'seGas- ist 5b '46.J4J
Waiitem Gas (Milw)
68— See
NY
St
Bx
list.
dec
Bid.
Ask.
79% 81
103
106
lO-JJi
Teles. <Se Teleph.
menoan Di«» Tele— NY Stock Bxoh
176
180
BeU Teleph. of Buffalo.
.
jautrai &, 8outh Amer....
3hes 4 Poto Teleph— Stk
Bond 5s
Commercial Cable
Jommer Union Tel (NY).
{And
114
74
104
184
Interest. tPrloe par sb
117
77
186
118
if
THE CHRONICLE -BOND
894
BONDS
.T.8TOOE. EXCHANGE
5'S
Wees. Ending Oct. 27.
4<?
4i...l911
J-J
Itt oon Income g Si... 1939
Bd oon Income g 3t,...193i'
J'lyt
Max Cent oon gold
qnlp & coll g Ss
Mex Internal 1st ooii
Mez Nat Ist gold 6i
e 4».'77
Wuk'$
Range or
Oct. 27.
LcLtt Sale.
IS
M-S
J-D
12
Sale
87
192
>d Ino 6i A Cp stmpd. 191' M-St
8d Income gold 6s B.. 19 IT An.*
Mez North 1st gold 6f.. 1910 J-D
Registered
1910 J-D
Mich Cent. Sm N T Cent.
Mid of N J. SeeHY Sns & W
l(UBlRy&L30-7rg 5s. 1926 F-A
M L S & W. Set Chic & N W
Mil & Mad. See Chlo & N
Bange
since
Jan.
Atk. Low. Hiah.
77
77
26
27
27
Bid.
77
26
•
A-O
1^'
Frice
Friday,
Sale
100
9H
84«
100
8ep.'99
14
108
107}i,
im
14
14
108
108
106
106
106
Sale
150
121
127
128
11 5H Sale
Registered
1920
PacRof Mo l8tezg4s.'38
8d eztended gold 5s. 1938
Verd V 14
Istg 58.. '26
lieroy&CVAL Istg Ss '26
St Louis & Iron MountGen oon ry Aid grtg 5s '31
W
J'ly'99
96
•109
93
94H 94
91« 92H 919^
78
96
76
90
100
106
78
95
,
106>^ Bale
118
116
Sale'
97^
F-A
F-A
F-A
J-J
106
118
116
95M 96
6
108>s
118
46
Oct.'99
86«
98
9i}4
07H
31
96
31
107H Aug'99
lllH J'ly'99
M-S
J-J
80
75
CtonoonstampgtdgSs'31
109
106
111J4
llOH 109 105
110
109
ICd
0ct.'99
Mob&Btrm prlorlleng 5s.'45 J-J
Small
J-J
Moi tgage gold 4s
1945 J -.1
Small
1945 J-J
Mob & Ohio new gold 6s.. '27 J-D
Itt extension gold 6s. 1927 Q-J*
General gold 48
1938 M-8
Montgom DlT let g 5s .1947 F-A
Cairo
8tL&
gu g 4s.. 1931 J -J
80
85
Aug'99
189X 129
128
85
Sale
lOS
125
117
1219i J'ne'99
84
109
30
85
82^
106
0ct.'99
90
Mohawk &Mal. Se«NYC&H
&o
Mont Cent. Sm St P M & M.
Morgan's La & T. See 8 P Co.
Se«DelL&W
100
1K
1st 7s. 'IS
2d 6s
lit oon gold St
1901
1928
1917
J-J
J-J
A-0
J-J
lst6sT&Pb
ltt6sMcMMW&A1.1917 J
Itt gold 6s Jasper Boh.1923 J
Hath Flor & Shef Seth&K
NswH&D. SeeNYNH&H
H J Juno RR. See NY Cent.
132
130
101
130
101
Sep.'99
Sep.'99
1C6M
110
110
110
-J
-J
.
.
NYNH4Hart
Lake Shore con Ist7sl900
115
112
118
Mar'99
112M"
lis
112%
Registered
•
No
[
1C9
178
'78
133
191
186
1179iSep.'99
11794
181«
113
113
116
103
106%
130
130
185
130
105)i
104
104W
190
•
108
105
104
105)<
1C4
105
••••!
118)4
•••
Feb.'98
J'ne'98
Jan.'98
Feb.'98
Jan.'98
108
80
105
•«
109
103
May'99
121M
125H
106^
Oot.'»7
1889g
Sep.'99
1889^
186
133
11
8«
118)4
106
10
Aug'99
133
125
124
110
100
135
130
106)4
133
1389^
Ore
101
J'ne'99
Aug'99
Feb '97
101
lOOH
101
5
101
929i
92%
95h
J'ne'99
38
96'^ 101
88)^ 96)4
95X 95)4
119« Apr'09
114^ 180
118
112
iia
131)4 May'99
132 J'ly'99
1019<
I029i 121
102H Oct.'99
6594
85% 63
66
Sep.'99
131)4
131X
Sale
95
120
90
113
96
121)4
110
108}^ J'ly '90
107)4
lOSM
108
104
103
104
75)^
"Vs"
05
85
108
106%
108X
103)4
103)i Oct.'99
103)4 103)4
114
114
1S2H
'
13«9i Sale
65%
Sale
y2
.
OInd&W. SeeCCCAStL.
hlo 4 Miss. See B40 SW.
Ohio River RR 1st g 5t..l936 J-D
General gold St.
1037 A-0
0m4StL lstg4t
1901 J -J
10
117^ Aug'98
929i Sale
A-O
A-O
J'ly'99
105
1049<
101)i Nov'98
Bale
,
AN
120
108^
104
88
78
J'ly'99
May'99
20
J
So Pao Co.
138
132
101
102
65
10694
104)2
70
65X 68«
See Un Pac
See Un Pac
See Un Pac
Otwego 4 Rome. See N Y C
O O F 4 St P. See C 4 N
115
W
...
1910 M-N 100 ...
Istg 4)^i... 1921 J -J 114 ...
Registered
1921 J-J
Gtd3«800l trustreg. 1937 M-8
P C 4 St L oon gu g 4U8—
Series A
1940 A-O •114 115
Series Bgnar
1942 A-0 •114 115
Series Cguar
1942 M-N
Series D 48 guar
1945 M-N •1069^107
PltU Cln A St L Itt 7t.l900 F-A
Registered
1900 F-A
Pitts Ft
lit 7t. 1912 J-J
8d7t
1912 J-J
8d7t
1912 A-O*
C BtL A P Ist oon g St. 1 932 A-O 123
Begistervl
1932 A-O
Olev A Pitts con 8 f 78.1900 M-N
Gen gu g 4i^sser't A.1942 J -J
188
Series B
1942 A-O
rie A Pitt gag 3^8 8.1940 J-J
SeriesC
1940 J-J
SrRAIezlstgng4i^8.1941 J-J
114
AUegh Valgengug 48.1942 M-S
111H117}<
iiimi7^
lllH
0ct.'99
106J<
Oct.'99
Sep.'97
10314 J'ne'99
Feb.'99
104?t
106^6
106!^ llSJi
105^
109H
1059ill8>4
95
103)^105
1019^ 107?^
1029< 1029i
103
2
97
97
108
102M
100
10394 108
103
106M
144 110i<1179<
10 1099i 1159<
112 113
J'ly'98
125^188
F-AJ
lis
107
125
183
123
Apr'99
Ang'98
J'ly'90
J'ne'99
103MOct.'99
103Ji Aug'99
lis" iis'
123
123
193
las
lOSJi 107H
1039< 106H
DNJRRACangenls.1944
DBRRABgelBtgn4sg.'36
Sun A Lewis Istg 48.. 1936
Ptnsaoola A At. See L A Nash
'toDecAB lstg6strreo.'20
ransDlv lstg6strreo.'20
Nov'98
Oct.'99
113)^ J'ne'99
113
107
114
114
118
119
105)4
107%
Nov'98
Deo
'98
1059^ Apr'99
109M Apr '97
141
13894141
141
140)4 1^0>^
140X May'99
119H
118
1139< 116)4
114
135
108)i
135
135
119)4119)4
J'ne'99
Oot.'99
105)4 108
105)4 Sep.'99
181
J'ly'99
131
113), 114
114
Oct.'99
103
Nov'97
108
May'97
121
113
M-S
F-A
J-J
\\5\i Feb.'99
J -J
M-S
2dg 5str reel St pd.. 1926 M-N
f«o ABast. See C
C A St L
^•0APeknnlstg6t...l92l Q-F
Feb., 1921 M-N
adg4!^s
^Ino Creek reg guar6s..l932 J-D
114
102
NACBdgegengug4^8.'45 J-J
PanuRR 1st real es g 4t.l923 M-N
Ooniterllngg 6t
1905 J-J
Con currency 6t reg...l905 Q-MI
1919 M-8
Cone 58
Registered
1919
1943 l-N
Oong 4s
01 A Mar Ist gn g 4W8.1 935 M-N
76 103
11394 Mar'09
W4
llOH 113H
lll« 118H
97^ 103
97^
127>4
1900 Q-Jl
Registered
103
122
8fsubsidyg6s
120
111
Ore Shcrt Line
M-S 1055^
M-9 lOBJj
M-8 105«
J-D 102?|
J-D 1025i
J-J
M-8
J-D
A-O
A-O
F-A
J-J
118%
106
106
Oot.'98
Sep."99
\UH
PennCogu
BW
B W&OT R IstgugSs.lS M-N
Otwe R
114)4117)4
114)^116)2
108!iDeo'97
J-D
Panama Istsfg 4^8. ...1917 A-O
Bltam Coal Corp
Istsf Intgug 48 8er A.'40
-J
Small bonds series B. .'40
-J
Gout & Oswe Ist gu g 5s.'42 J-D
AOgcon lstext58.'22 A-Ol
Nor it Mont 1st gu g Ss.'16 A-0
.
lstreg4t.'03
Registered
1996
Small
1996
North minolt. SeeOhl 4 NW.
Ohio.
North
See L Brie 4 W.
Northern Paclflo—
Clearfield
& 2d gu g 9s. 1915
& Blk RiTgn g 4s. '22
Mob & Mai Istgug4s.l991
Cart A Ad Istgu g 4s. 1981
N T 4 Put 1st con gu g 4s.'93
NY A North Istg 5s. .1927
Lake Shore & Mioh South—
Det Mon 4 Tol Ist 7sl906
118 J'ly'99
114i^Sep.'99
108J<Oct.'99
108 Oct.'09
ri
CoastCo—lstgSs. 1946 J-D
Pao
aoof Missouri. See Mo Pao
-J
-J
1.
Low.HigK
Ask Low. High.
121
Bate* St Istgug 3s. '89 J-D
N Y Chic 4 St L Ittg 48.1937 A-O
Regltt'-red
1937 A-O
N Y 4 Greenw Lake. See Brie
NY4Har. SeeNY0 4Hud.
N Y Lack 4 W. See D L 4 \^
N Y L B 4 W. See Erie.
4 Oal. See
105M 108H Ore Ry A Nav
Ore RR & Nav
108H
M-N 10«%
1019^Sep.'99
M-N 101
102?i Aug'99
G3^8
1997 J-J 110 HI
1109^
llOJi
Registered.
1997 J-J
112H Apr'99
Lake Shore col g S^s .1998 F-A
ss Sale
98«
97J«
Registered
1998 F-A
97
98
97
97^
Mich Cent coU g 3)^8. .1998 F-A
9';i^Oct.'«9
95
Registered
1998 F-A
97H Oct.'99
Harlem Ist 7t
1900 M-N '103W
104 Aug'99
Registered
1900 M-N '101
104 Aug'99
NJJunoEgu Itt 4t. 1986 F-A
105 May'97
Registered
1986 F-A
West Shore 1st 4s gn. 2361 J -J 113W Bale 112>i 113^
Registered
2361 J-J 112?4 ll3Ji 113
113
Beech Crk 1st gn g 4t. 1936 J-J
112 Aug'99
Regist«red
1936 J-J
106 J'ne'98
ad gn gold St
1936 J-J
Registered
1936 J-J
Utioa
Jan.
M-N 110^
M-N
M-8 iis"
M-8
-J
1921 J -J
P gen g6t... 1923 F-A
BtP
Registered ctf s
1923 Q-F
Prior Hen r 4 1 g g 4t..ie97 Q-J
Reglitered
1997 Q-J
General lien g 3t
2047 Q-Ft
Registered
8047 Q-Ft
Wash Cent let g 48. .1948
130^
Nor Pao Ter Co 1st g 6s.l933
122
Nor Ry Cal. See Cent Pao.
90
109M Nor Wis. SeeCStPM40.
Nor 4 South Istg St.... 1941 M-N
Nor 4 Mont. SeeN.Y.Cent.
New&ClnBdge. SeePennCo
N04NBprlorlieDg6s.l915 A-01
N Y Bkln & Man Bh. See L I.
Registered
1903
Debenture Ssof .1884-1904
Registered . .1884-1904
Beg deb 58 of ...1889-1904
Debenture g4t.. 1890-1905
Registered
1890-1905
Debt oertt ext g 4i....l905
Registered
1905
Last Bale.
aenl8tRR4LGtfg6t.'21 J
.
V TCent&HR— Ist7t.l903
Oct. 27.
1909
1931
1931
1940
1 940 J -J
Registered
114H
lllH
Morris &Bssez.
NaahChat&StL
Bange
ntMe
Weel^s
J-D 114H
J-D
116^
J-D 108H ll09i
J-D
A-O
N Y 8 4 W. See Erte.
N Y Tex 4 M. See So Pao Co.
101^ 107^ Norf 4 West— Gen g 6s. 1931 M-N
New River Istg 68. ...1938 A-0
10854 12191
Imprvmt4ext g 61. ..1934 F-A
114
117
0C4T Is gug5s....l922 J -J
91>< 102
Solo y4N B I8tgug4s.l989 M-N
N 4 W Ky Istoong 4t.l996 A-O
88
9S^
J'ly'99
106H
IKJiSale
Bange or
.
92^
68H
9aH
69>4 Sale
LXIX.
Price
Friday,
Bid.
Convert deb certs 91,000
A-C
Small oertfs^lOO
Honsatonlo Rcong5t.l03'7 M-N
Sep.'99
UOMllOH N H 4 Derby oon St. .1918 M-N
NY4NBltt7t
1005 J-J
Itt 6
93^ 152 91M 96
1905 J -J
69H 254 65^ 735^ N Y 4 North. See N Y O 4 H.
6
82
94>8
96M N Y O 4 W. Ref 1st g 4tl992 M-Si
Regis 95,000 only... 1992 M-Si
92
86
95
78
76M 82 N Y 4 Put, See N Y C 4 H.
N
Y
4 R B. See Long ItL
85
Oct.'99
96H
llOX
MUiRlTBdge. £e<Chlo&Alt
Monongahela RIv. SetB
100
[Vol.
go 58.1938 J-J
Mahon C'l RR 1st 58.1934 J-J
Mloh Cent— 1st oon 7sl902
Itt oon 5t
1902
UOKlieH NY4NB. SeeNYNH4H
5H
WJi
11
96M
150
125
127
5«
.
1917 M-ai
1917 M-8-t
192(
145
121
127
Jan.' 99
Dec '98
115H
97
Mo Kan &Tez— Istg 4s. 1990 J-D
Id gold 4s
1990 F-Ai
lit ezten gold 5s
1944 M-N
ME&Tof Tlstgng5s.'43 M-S
KOAPac Istg 49. ...1990 F-A
Dal&Wa Istgng 5S.1940 M-N
BooneT Bdt« Cogo g 7s. .'06 M-N
Tebc* Neosho Ist 7s. 1903 J-D
MoKsE Istgug 5s. ..194^ A-0
Mo Pao— 1st oon g 6s ... 1930 M-N
8d7s
19U0 M-N
Registered
Apr'99
51
3.
1st
Registered
. , ,
lit ooU gold Qs
KA4GR
4t
W
irmttg Sa
01n4 S lstgL34M 87i'01
10S>< 106
MU& North. Se«ChM4StP
MStPASSM oong 4slntga'38 J-J
Minn St Ry 1st con g 5s. 1919 J-J
Minn Un. See St P M & M.
Gold 3^8
RegUtered
100
0ct.'99
1903
1003
1997
1997
Registered
885<
Apr '99
(Con)
61
6t
MU & St P. Se« Ch M & St P
Mln & St L gn. Se« B C R & N
Minn&StL— Istg 7s.. 1927 J-D
Iowa ex 1st gold 7i... 1909 J-D
Bonth West ex 1st g 7s. "10 J-D
Paclfloez Ist gold 6t. 1921 A-0
1st cons gold 5s
19b'i M-N
Ist and refund. 4s
1 949 M-S
M & P Ist 58 St 48 int gu..'36 J-J
M88M&A Istg 4slntga.'26 J -J
.
BONDS.
N. Y. STOCK EXCHANGE
Week Ending Oct. 27.
68H 78« N Y Cent— L S & M S
Consol 2d?t
16H 29-4
87M
.
1.
Page
(5 pages)
Low.High.
13
.
PEICES
97
99)4 Aug'99
95M 100
96
20
121
98
ISO
126
100
137
PltttCIn A St L. See Penn Co.
C A St L. See Penn Co.
99
96
12
101
0^
93)4
Deo '98
126
100
Apr'99
100
11
186
100)4
Nov'97
I*
an latact bid and Mkcd tkla WMk. tDM Jan. * Dna July. U Due June, i Due May. T Dna Not. a TIicm art option tales.
SECURITIES (Given at foot of 7 consecutive pages).— TEL. J ELECTRIC, die
prloe rrlday; tbete
OUTSIDE
Tcleg.
& Teleph.
ne
Bonds
Hndson River Telephone
Intematlon Ocean
Mexican Telegraph.
Mazloan Telephone— See
New Bng Telep See Bost
North wettem Telegraph.
N Y A N J Telephone.
—
. .
>el930
78
Atk.
80
tckBx
List
42
60
Bid.
JSuplre at Bay btate Tel
Teleg A Telep— See S
Franklin
Qold A Stock
HAN
118)4
90
lis
116
815
Bosto
oa lltt
116
106
118
116
•ee««
880
nlltt.
Teleg. dk Tgleph.
Paolflc
Atlantic
Bid.
78
00
98
Ask.
88
Providence Telephone...
108
Southern A Atlantic
Wett'n Union Teleg— N Y Btook Hxob
Electric Companlea.
AUegheny Co Light Co... 168 173
40
44
Brush Iileotrlo Co
Br'dn>rt (Ct) Bl Lt Oo.SS t 47
20
10
Consol Bleotric Storage.
Blectrlo Mfg Co.. 25 t 13)4
Bdison Bl ni Co
N Y Stock
Bdlion Bl III Co Brk— N Y Stook
7
BdlsoD Ore Milling Co....
Bddy
801
116
4
NY—
15
Bxoh
Bxoh
11
Electric
Companlea.
Bid.
Bast Bnd Electric Light.
Hleotro- Pneumatic Trans
Fort Wayne Blec. Co.. 85
IH
40.
Ask. Electric Co
To'-onto(Can.
19<
80.
Series A
(Jeneral Blectrlo Ct
N Y Stock Bxoh
Do pref.— See Boston L itt
Blec
Lt
133
Hartford (Ct)
Co. 188
—
Hartf'd(Ct)
Mo
LtAPowCo2S
Bdison Bleotric
Do
preferred
Narragan. (Prov)BlCo.50
New Hav (Ct) Klec Lt Co
Rhode Island Blec ProCo.
t
6
36
67
96
196
118)4
8
28
60
100
Tl. .>m
D n ited
i
oat lea.
cLtCo.
Bid.
148
HoQstWe .ng Co.
Elec Lt A P Co t ref
Bond.d
18
«
WooQtooket (B
I)
eoM
Atk.
144
100
18
07)4
106
El Co.
Ferry Companlea.
Brooklyn Ferry-Stock
Bonds
Ss
Metropolitan Ferry
N
J
31
84
04
110
118
JAJ «113
116
..
—6s..
A N Y Ferrv— Stock,.
IttSs 1948
lAna
interest,
I
84)4
tPrioe per sh are
THE CHRONICLE -BOND
Oct. 28, 1899.]
BONDS.
.TJiTOOK EXCHANGE
Wbbk Endimo Oct. 27. 5«
FlttiCleT&Tollstg98..1922 A-O
Priu
Weefc'$
Friday,
Range or
Last 8aU.
27.
Oct.
tinet
pqoo
Jan.
X.
Ask. Loio. High. No. Low. High
Bid.
107>4 Oot.'98
SeeB&O.
Fltti&Connellsv.
FltUFtW&Ch. Se»PennOo.
1922 JPltU Janolstges
PltU& L Biie— 2dgSa ..1928 A-01
PltUMoEA Yo— lttga68.'32
1934
Sdgaar ea
MoKee & B V Itt g 61.1918
1916
nttf P&Flit g5«
Fltti 8h 4 L a Ist g5f. .1940
J-J
J-J
J-J
J-J
A-O
J-J
J-J
M-N
1943
1917
lit oonsol gold Sb
lit g4i...
& Co certfs
Pltti&Weat
JPM
ntUY & ABblBtOon58l927.
RMdlng Co gen g 4t.. .1997
BeglBtered
Xensielaer & rar. See
95
.
.
SaltLakeClstgsl 68.
Q1H
.
121
NOT'98
90
116
98
J'ne'99
J'ly'99
87H 369
3
87
87
S7
97«
Sale
'
106«
7894
90
113
90
116
98
100
08X
100)^
869<
9194
89)i
J'ly '97
98H. Oct.'99
99H Oct.'99
871^ Bale
J -J
1997 J -J
& H.
D
09
100
100
110
Kloh & Dan. See Sooth Ry.
.1939 J-J
aio Gr WeBt Ist g 4b
Utah Cent Ist gu g 48.1917 A-OH
AID Qr Juno Istgug 5i.l939 J-D
1940 J-J
EloGrSo Ist g 3-48
Booh & Pitts. SeeBB.il P.
Borne Wat. & Og See NT Cent.
97H
87H 88
J'ne'99
104
May'99
73% 72
Aui,''99
16
86
91
102)4
87)i 8894
102)i 104)4
72
74)4
87
947
1
.
Bt L & CaL 8«« Mob & Ohio.
Bt L & Iron Mount. See
P.
Bt L K C & N. See Wabash.
Bt i,
Br. See T RR A of 8tL
Bt louls k San Francisco—
1006
2d gold 68 Class A
84
Sale
87
79»4
87
M
M
lit g 6b Pierce C
a«neral gold 6i
M-M
&
General gold 5s
lit trust gold 5i
4i.
.
124«
12494
109-)^ Sale
\09H
100
105
rtB&yBBdglitg6i.l910 A-O
Kansas Mid let g
BtL&8FRRg4i....l996 J-J
86
Bonthw DlT Istg 5b. 1947 A,-0
Cent Dt» Istg 48. 1929 A-O
So. See HUdoIs Cent.
Istg 48 bdofB. 1989 M-N
Sdg 48lno bond otfi.. 1989 J Gray's Pt Ter Ittgu g 58'47 J-D
fanl City Cab. o g Ss. 1937 J-J
Qnaranteed gold 5s... 1937 J-J
100
921^ Sale
Bale
.1
t
60%
110«
UIH
120
Sd5B
Istoog 48
Minn k Manitoba—
1909
Dakota ext gold 6i. .1910
1933
let oonsol gold 6i
BeglBtered
1933
Bednoedtogold4Hs 1933
BeglBtered
1933
Mont Ext Ist gold 4t. 1937
Registered
1937
Minn Union 1st g es.. .1922
Mont C 1st gu g 6i. ... 1937
Registered
1937
Isteuargold 5s
1937
BeglBtered
1937
A-O
M-N
KMlBtdiTlstg5i...l908
BeglBtered
1908
Mordiy Istg 4b
1940
Registered
1940
2d 68
. .
J-J
J-J
J -J
J-J
frm&SFlstg
1938
BeglBtered
BtPANorPao. SeeNorPao
BtP*8'xOlty.8e»C8tPM40
B Fe Pres & Ph Ist g 58.1942
B
A & A P. 8m So Pao. Co.
BV AMPlstsf
108
103
104
Oct.'99
llSJi il994
A-O
A-O
A-O
A-O
J-D
J-D
113
Sep.' 99
UOJi
130
Apri'09
M-S
106^
Sep.'99
105
124
110
1129^ Oct.'99
Oot.'97
112
Registered
j
83JI Sale
8314 Sale
J-J
A-O
A-O
Morgan'8La4Tl8tg6s.'20 J-J
1st 7s
1918 A-O
N Y T 4 Mexga lstg4s.'12 A-O
Ore 4 Cal Ist gtd g 5s. 1927 J-J
SA4APa8slstgiig48.'43 J-J
Tex4N0 1st 7s
1905 F-A
lstg58lnt gtd
1937
1912
1921
Cong 6slntgtd
G«ng4s Intgtd
no
Sale
87
79M
.
lis
Sale
112"
J-J
8 P Coast Istgug 4s.. 1937 J-J
SPaoof NMexlBtg6B.'ll J-J
QUa V 6&N St pu K 58 1 924 M-N
989^ Sale
J-J
A-O
Bonds 5s of 1932. M4N
Hoboken— Stock
Ist 5b
Con. 5b
Ferry
Bid.
69
i 06
61
113
M4N
Ask.
08
63
114
94)4
9494
30
01
J103
{Bayer pays actrued intere
W
i'aBH
ll2)i 114
118>i 115
105)4110
102)t 111
102
Oct.'«9
103
109" 109'
110
Feb.'99
Oct.'99
116)4
118)4 116
90
94
117
120)4
11294 J'ne'99
114)4 May'99
11294 11894
111)4 115
90
118
Sep.'99
Aug'99
J-D
Lew— See Penn RR.
4 N Y. Se«DL4W.
Syra Blng
A of St L Ist g 4)48. '39
lstoongoldSs.1894-1944
A-«
F-A
LMBgeTergug 58.1930 A-O
'^Fer
M.
Tex 4 N 0. See 80 Pao Co.
Tex4P Ry B dlT latg 6s.l905 M-8
Ist gold 58
2000 J- D
2d gold
ino. 5s,
Eng
Deo. .2000 Mch.
.
trust Co ctfs
Third Av Ist gold 58....1937
T0I4O C Istg 58
1935
West'ndiv Istg 58. ...1935
General gold 5s
1935
Kan 4 Ist gu g 4s. ..1990
M
J-J
J-J
A-O
J-D
A-O
J-J
W
J-D
J-D
A-O
J-Dt
BR 4 laud grant g 48. 1947 J-J
103
Oot.'»"
104)4 J'ne'99
14
115
SO
50
56 J'ly'99
Oct.'99
128)4 127
107 Oct.'99
106)4...,
115
50
Sale
.Sale
102
86
81
81
99
106
8I94
;
45% 56
53% 56X
126)412994
104 107)4
80
78
93
99
99
118)4
30
52
Aug'99
106
106
,
CnlNJRR4CCo. SMPaRK
Utah Central. See Rio G W
110
115
11494
102)4
102)4
75)4 Oct.'99
106
lis
100)4 106
183)i
126
121
128
Mar'99
May'97
121)4
100)4
108% 108M
103%
128
121
108
89
83
10294 109
104)4 474
Oct.'99
115 Oct.'99
103)4
103)4
103)4
104)4 Sale
1947 J-J
OreRy4NaTl8t8f g 681909 J-J
Ore RR 4NaT oon g 4a. 1946 J-D 103)i$ Sale
Ore ShortLine Ist g 6sl922 F-A •138)g 126)4
Utah 4 Nor l8t7a
1908 J-J
Gold 5s
1926 J-J
Ore 8h L— 1st oon g 58.1946 J-J 103)4
Non-oum Ino A 5a ... 1 946 Sep.i 102)4 Bale
Non-ou ino B 4 col trl946 Oct.*
Registered
106
109)4116%
2
86
81
117)^
118
99
105
104
47
Deo '98
85
81X
19 108
13 85
65)4
181
117)4
108
80)4
Utah 4 North. See Ore 8 L.
Utica4BlaokR. S««NYCent
Val Ind 4 W. See Mo P.
Ver
IrglnlaMtd. Se« South Ry.
Wabash RR Co—
M-N
F-A
J-J
J-J
lstg5sDet4ChExt..l941 J-J
StChasBrldge l8tg8B.1908 A-O
IstgSs
1939
2d gold 5a
1939
Debenture aerlee A.. .1939
Series B
1939
76
.
Su Del L 4
W
116
100
76
116)4 Sale
100)4 Sale
3794 Sale
110
106
S2)iJ
87)4
116)4
100)4
Sep.'99
33
359i
,
109
110
113
94
75
33
1.S
15
I0«10
May'99
118
103
78
38X
105)4 111
109)i 112
Sep.'99
....
West New York 4 Pa—
J-J
J-J
F-A
110
370
97)i
107
108
Oct.'99
110 Oct.'99
87
87
120)<Feb.'98
138 J'ly'99
105
79
116
86)^
Mar'99
00
44H
103)4
St.
ibV%
7994 106
10794
98)4
118)«
113
dO
138
139
97
106
86
77)4
Dec '98
Gen g3-4a
18 103
8ep.'99
10794
0S94
24)4 Sale
108)4 118
54
70%
14M 8494
13
13
70)4
116
2494
113)4
70)4
23)4
114
99
Seo'97
WheeUng4LBl8tg58.1926 A-O 109
113
110
96
Jan.'99
Oct.'99
Wheel DlT lat gold 68.1928
Bxt«n 4 Imp gold 5a. .1930
WUkes 4 Bast. See N Y 8 4 W
Wll 4 Sioux F. See St P M 4 M
Winona 4 St P. See C 4 N W
34
NOT'97
105)^ 188
106)4
18
106
90
104)4
Aug'99
ib'e"
Bonds due Aug.
Bid.
74)i
*
Due
Bos U Gas tr otf a 8 f g58..'39
Bklyn U Gas 1st oong5s..'45
American Beet Sugar....
Preferred
Amer Bicycle
Preferred
— Com......
Bonds Ss
M4S
Amer. Caramel— Common
Preferred
American Ginning
Ask.
30
80
32
81
19
19)4
60)4
100
81
3
98K
79M
lOM
July.
I
Due March,
t
Due Jan.
i
01
63
103
88
1 00
100)4 Sale
127 95 108M
101
98)4
96 101
9894 Aug'99
107% 118«
10';)4 Oct.'99
120)4 12i
124 Oct.'99
109
111
8d preferred
100
9
American Surety
50 815
Km Typefo'rs— Stook-lOO 53
^mer Strawboard.,..100
33
Bonds 6s
F4A 102)4
Amer. Woolen—Com....
26)4
Preferred
82
HI
May'99
111
Due Not. o These are option salea.
Bid. lAsk
45
116M180
118
taq^s).—FBRRV
Mlscellaneona. Par.
1st preferred
9194 Oot.'98
118)4
118)4 Sale
86)4
60
SP
60
58
75)4 Oct.'99
6)4 J'ne'99
110)^
DB.
85H Amer Bide & Leather... S>»94 30
Preferred
Am Agrlcul Chem—See B OSton List
80;4 81
Amer Press Assoo'n. .100 80
95
60
Amer Air Pow of N Y.l 00 44
American Screw
31
250 taoo
^.merlc'n Axe 4 Tool .100
20
Km Soda Foun— Com. 100
5
10
60
Amer Bank Note Co... SO t 47
.
76
lis
AUanta G L Co
(Givbij at foot op 7 coifSECUTivB
MIscellaneoua. Par.
Amalgamated Copper.
93
1937 A-bt
GAS 4 BLBCTRIC LIGHT BON
1st g 58.1947 J -D
J-J
M-N
ChGL4CCo. SeePQ4CCo
Istg
Columbus
Gas
Ss..
1932
J-J
108)4
109)4 Con Gas Co. See P G 4 C Co
Detroit City Gas g 5s. ... 1 923 J- J
101
Det Gas Co oon Istg Ss.. 1918 F-A
Ba Bllll lBtoonTg5B..1910 M-8
Istcong 5b
1995 J-J
106)4
Brooklyn Ist g 5s
1940 A-O
"
1*06
Registered
A-O
109M 116
1
62
Apr'99
93)4Mar'98
98)4
J-J
WlaCentCol8ttrg5s ..1937
BngraTed tmat oertlQoates
113
104
96
1089*
8
105)4 Aug'99
t
W Va 4 PlttB. See B 4 O.
W Va Cent 4Pl8tg6s.l91l
Inoome68.
.
86
87
86
Bonds Ssof 1906. M4N {
10th 4 23d Sts Ferry
lit mort 5g 1919.. .J4D n04)4
Onion Ferry— Stock
43
W
106J.
118^
180
110
11994 184«
119
186
123 12694
100
101
109" Jan .'99
M-N
M-N
F-A
J-J
J-J
Gtd stamped.
O4
Ist oy gu 48.1924
West N C 1st con g 6s.l914
115
106
102
lien
W
106
OUTSIDE SECURITIES
Ferry Companlea.
Ss
102
113
Friday; latest bid and asked this week,
H Y 4 B R Ferry- Stock.
621
113% Not' 98
100
1
1907
1926
1931
1936
1936
100)4
117
10394
114)4
99
1937 J -J
1943 A-O
Income Sa.... April, 1943 Not.
West
No
Car.
Su
South
"84)4
Ry.
82
Vsji
170
89)4
Western Pac, See Cent Pac.
Chic St40-yrlstour5s.'28 M-N
108 Oct.'99
108 114
40-year oon g 5a
1936 M-N
110 Feb '99
110 110)4
West
Shore. See N Y Cent.
1039g 51 100^ 106
103)4
luO
99)4
107
A4N W lstgug5B.1941
58.. 1938
84
106)4 Nov'97
103)4 103X
10394
113)^ 114)4
114>3
1Q6H 106)^
.
tPrloe per share.
1129^11294
Mar '99
83ii
109X
110
Sabine dlv lit g 6s. 1912 M-S
Con gSs
1948 J -J
SoPof Argu lstg68.'09-10 J-Jil
SPof Cal Istg 6b. .1905 A-O
1st gold 68 8erB..1905 A-O
Ist gold 6s
1906 A-O
litg( Id 68
1912 A-O
iBt con guar g Ss. 193 M-N
1905-37 M-N
Stamped
68...
SmaU
Series F
GenSa
Ist g 5s
99>^ Sale
F-A
949
A-O
M-S
M-S
M-P
M-S
M-S
M-S
M-S
M-H
MS
M-8
M-S
Atl & Yad 1st a gu 48.1949
Virginia Mid ser A 68.1906
Small
1906
Seres B 6s
1911
Small
1911
Series C 68
1916
Small
..1916
Seiies D 4-58
1921
Small
1921
Series B 5s
1926
106)4 106)«
107)4 IIOS
Wash Cent Set Nor Pac
Wash 04 W. See Southern
J-Dt
J-Dt
aalHar&SAl8tges.l910 F-A 110
adg7s
1905 J-D 107
Mex& Pao 1st g....Ss'3l »1-N 103H
HonB4TOlstW4N7s.'03 J -J
lat 5b 1920
10794
1.
103)4118)^
Warren RR.
Bug4s.l949 F-
H T 4 8 B Trans 4
120
10494 Fel).'98
Mort ^uarg 3}^8....1929 J-Dt
Registered
1929 J-Dt
Nc price
95
113)4
.
Boatbei-n Paclflo Co—
Gold 4s Cent Pac col..l948
1949
Re iftered
Guaranteed gold
115
128« 104^
1926 J-J
Car Cent Ist con g 4s. 1949 J -J
Bod Bay 4 So Ist g 5s. 1924 J-J
So Car & Ga. See Southern.
134)4 137)4
tinee
Jan.
Sale.
LottMigk,
Union Pacific—
"2
Last
Ask Low. High.
TStL4K0
20 102)^ 108)4
104
104
Oct. 27.
Range
Wtek'$
or
1994
1994
Istgold 4s.l917
124)4 Tol Peo 4
Istg 6Btr.l916
125)4
138)4 146)^ Tor Ham & Buff Istg 48 1946
Del
4
1st og 58. 1928
13794 137M Ulster
n Bl (Ohio) lit g5a..l945
112)4 119)4
135
Apr'97
g5s...l919
Noof Ca) Istgug
Jan.'99
Jan.'98
112
136
lis
117
5b
>ef
103«
867^
121
122
143
Bale
97
180
122)4
109)^ 115
99
102
Sep.'99
Oct.'99
1161^
115«
106>« Mar'9»
849i
4094
108
Feb '99
115H
132
W 1st con g 6b. 1934
litgSs
1934
Boloto ValANB. SwNori W
Seab& Roa Ist
CPaclst
183
143
12iH
BarFifc
.
lllH
13794 Feb '99
J-J
J-J
J-J
J-J
J-J
5s. ...1938
9294 106
eSM, 891
109ii Oct.'99
9994 Aug'99
146
J-D
J-D
.
89
102
96
Range
J-J 108-% Sale 108)4 108%
106)4 Mar'9w
Registered
J-J
Mem Dlv Istg 4-4)4-6sl996 J-J ibsMiog" 108)4 Aug'99
Registered
1996 J-J
Ala CenR Istg 68.... 1918 J-J
112MAng'9';
Atl 4 Ch Air Line ino. 1900 A-O
W0% Aug'99
Atlan & Dan Istg 58.1950 J-J
11894 J'ne'99
Col 4 Qreenv 1st 5-6s.l916 J-J
1039^
BT Va&Qalst7B....1900 J-J
10394 Sep.'99
116
116
DlTislonal g 5a
1930 J-J 116
118
118
Con 1st g5s
1956 M-N
B Ten reor lien g 4-5s.l938 »I-S
107 10794 Oct.'99
Registered
1938 M-S
120 Aug'99
Ga Pao Ry Istg 68.. ..1922 J -J 121)4
124)4 May'99
Knox 4 Ohio 1st g 6b .1926 J-J
Rich4Danoong 6s. .1915 J -J 122 123)s 12694 J'ne'99
Kquip sinx lund g Sa. 1 909 M-8 100
100)^ Oct.'99
110
Deb 58 stamped
1927 A-O 105
105)4
105)^
191
Car
4
Ga
Istg
109)4
109)4
So
5a..
m-^
Southern Ry—
Ist con gSa
3unb 4
82
98
95
896
4.
Price
Friday,
Bid.
1
122 12694
10 107
112)i 8 4 N Ala. Sm L 4 N.
100)^ 105>» Spok FaUs4Nor Istg 6s. 1939
Stat Isl Ry 1st gu g 4)4s.l943
Oct.'99
Sep.'99
9214
61
•119
1931 F1917 A-O •118
1968 J-D •100
8t Paul
BONDS.
STOCK EXCHANGE
Week Endino Oct. 27
».r.
St
tLSW
IstBs
11294 115
115.)4 116)4
112)4 115
84%
3494
94H 96
.
Bt L
tPanl & Duluth—
13494
•.09H
100J4 Oct.'9«
105 Oot.'97
,
J-D
.1937
114 J'ly'99
114HiSep.'99
114 J'ly'99
116
114
116
1906 M-N
1906 M-N
0..1919 F1931 J-J
1931 J-J
1987 A-O
Bdgold6i OlassB
Id gold 6b Class C
Page
(5 pages)
'
'03-13
&G I l8t g 2-3-4S.
t Jo
Range
f
PKICES
66
18
825
66
34
96
83
<&
MISCELL'S.
MIecellaneona. J't.
Amer Wringer
Bid.
com... 100
Pref
Amer Graphophone. ... 10
Preferred
10
\
105
115
18
\
Ask
\3U
13)4
86
Amer. Writing Paper 5s.
Anderson (John) Tob.lOO
9H
8)4
Automatic Vending... 1Q|
80
lOCP
10
Barney 4 SmCar
86
100
80
Preferred
107
106
J4J
6s 1942
Bergn 4 Bn« Br— See Pbl LUstf
108)4
Ist 6b
Blaokwells Dnrh Tob.25
t
17
19'
THE CHRONICLE —BOND
896
Range or
Oct. 27.
Last Sale.
111 of Bklyn (Coni—
KlnesCoEl L&Pg5B.'37
El
mon 68.
Purchase
.
Vfl97
I
1.
Low High
!•••• ••«•••
97
'
97
97>i Oct."'99
97>i
Co.
Fuel. See
g 58...
118>< Ang'99
F-A
I8tg5s..l915
120^
109
KO Mo Gas Co l8tg 58.1922 A-O
KlngB Co El L &P. See Edison.
liftcGas-LCoof 8tLl8tg58'19 Q-Ft
1919 Q-Ft
Bm&ll bonds
Mnt Fuel Gas Co See PeopGas
M-N
J-D
1943 A-O
litOOnsolgBs
1 947 M- S
Refunding g 58
1947 M-S
Registered
Oh G-L&Cke Istgng 58'37 J - J
OonGOoofChlstgugSs'Se J-D
IqGA FCh l8tgug6B.'05 JMb Fuel Gas Istgug 5.1947 M-N
Trenton Q& El 1st g 5b.1949. M-S
WMtn Gas Co col tr g 58...*33 M-N
laSCBLIiANEOUS BON D8,
Adams Hx—Coltrg 48.1948 M-S
109>< Sale
P«oGas&Cl8tgug6s..l904
1904
Sd gtd g68
m Cot Oil deb g Ss. 1900 Qu-F
AmDk&ImpSs. SeeCenNJ
Am Bpirtts Mfg Ist g 6s. 1915 M- S
4 8 Car Co Istg6s.l942 J -J
Bar
k'nW&WHl8tK5s.l945 F-A
. .
CahCoalMin. SeeTCI&R.
hloJc&StYd col g 58.1915
Non-cum. Incomes
Oleart Bit Coal.
OolC&I
5s.
SeeNYCill
Ist con g 6s...
F-A
1900
OolC&I DevCogug58..1909
Coupon
off
J
.
.
ISO
•
108)^
106"^ 111
1039i
104^
Sep.'99
3ep.'9i
76«
Sale
1091^
107
109M
107^
183
131
Deo'98
108>iOct.'99
lOSVi 118
lllH Apr'W9
104H Oct.'99
107H iiiH
104>6 1071^
105
107^
10354
104
1045i
"•iiyi
31
31
89
3
"-ia^
107«
103
1C4
108>4
36M 94J4
75« 93«
'i\
109J<Feb'97
100
100J<
99%
100»<
101
94
96
105
96
J'ly'99
96
103« Aug'99
104
103
97
105
86
103M 103^
Feb.'98
DeBardel C&I. SeeTC&I.
el&HCan.
See
iOH
gr 3^8 8 A.191]
C&
JtflAClear
I
1926
»dg5«
Knlck Ice (Chic) Istg 58.1928
Mad 8qGard Istg 58.. .1919
Man Bch H & L gen g 4s. 1 94
T &T iBtsf g 58.1918
M-N
MetRegistered
1918 M-N
Mnt Un Tel Co. See Wn Un
StarohMfg ColBtg6B'S() M-N
Natwpt
News 8&DD 58.1990 J-J5
4N
J Tel gen g5Bcy.'20 M-N
NY
N r * OntLand Istg 68.1910 F-A
*No price Friday; these are
113
Sale
95H
U
US
113
99
99
10394
Currency funding
Disi of
48. ..1920
Columbia—3-658.1924
Louisiana— New con 48..1914
104
101
1919
20-40.1933
.
191
119
Aug'99
116
lis
121
108
109M
119!^
107'«
103)4 103W
102>, 102)4
103H
1I3«
112!^ 110
110
J'ne'99
112
seventh va 0« P recedino.")
99 lOlW
J'ly'99
106!^ 109M
108)4
108)4 36 10694 109)4
see
10H<
107%Oct.'99
10794
111)4
108
112
112
3
lllX
129^
106V4
15
114
ll!i
114«
10
128
188
13094
131
40
111
11196
113X
107
118
Oct.'99
130
130
um
112
107
105
108
104
Oct.'99
Sep.'98
Nov'98
Nov'98
Apr '99
10894 110
109)4 109)4
109>< Feb.'9U
Apr'9d
108
i"28'
97
USX
Aug'98
118
110
S6H 87
^09U
111
lll''^Sep.'99
108
108
95
Feb."'9S
'
95
95
Oct.'99
AuK'99
95
90
95
B6H
Oct.'99
82)4
SIH
8k
8H
50
6
9
71
80
60
63
93
594
MetrWSEKChicI
Ore Sh L
dep
ctfs
8tLlM&Sonew30y4s
80
90
Oct.'9P
and asked this week,
t
Due
90
July
MlBcellaneouB. Par.
64
315
80
.
91
15
.
Bid
25
t
. .
.
—
I
I
.
,
. .
77>4
82
(wt)
78!^,
Sale
95H
76H
95V4
Oct.'99
Oct.'99
t
74^^
81)4
82)^1209
815^
64
9894
76)4
88
H
I
|
7 coi^secutive
FAQm).—BANKS & MISGELUS.
Ask
35
20
60
105
If" 60
Sale
Apr'99
05
92 Sale
WlscCea Ist 48 (w I) ...,
87 90
92
91i4
Due May. I Dae April. Bonds due January. 1 Due Auguit. aThese are option salaf
5
t
95^
60
63
90
(Givek at foot of
Madison 8q. Garden— 100
M&N
2d 6s 1919
50
Maine 8 S
Merch & Miners' S 8.. 50
Mich-P Oar Ist 5s'42M&S
62
tr ctfs...
6s tr ctfs
1st 4s 1938
coll tr B..
J4J
16
Term Wareh— Stock.. 100
J
Texas &
Paclflo Coal. 100
Ist 68 1908
Title Guar & Trust ..100
A&O
Trenton Pott— Com.. 100
Preferred.,
100
Trow Directory-New. 100
Union Steel & Chain
Preferred
Banks.
Bid.
Qu
Ask.
ofoti
N. Y. CIT Y.
America* .... 440
Am Exch.... ti85
485
Astor
280
Bowery*
300
Broadway.... 250)4
Butch's&Dr.. 90
180
126
Central
Chase
Chatham
Union Switch
17
10
:
70
Ist 68
Brokers'
Miscellaneous*
A8>.
192
Bid.
Susq Coal 68 1911
Tennesiee Copper
,
. . .
110
Registered
68 deferred certfs
104
100
103>)i Oct.'99
. .
.
Sale
104
100
127
115
94
90
,
113M Tenn—Ne w settlem' t Ss
107
103
96
UNLISTED BONDS.
'
—
nili
36
101
3
Aug'99
113J^
110
100
100
117
106
100
Small
95M
Sale
909^
80
107
110
1906
1906
58
113
103MSep.'99
113^
79%
101^191
Sep.'99
108
Small
B
so
407
27
102^May'99
STATE SECURITIES.
Alabama—Class A 4 to 5. 1906 J-J
C 48
'97
10354 J'ne'99
Q-F
1904
Low High
85
HI
U8
8 Ss coupon
Feb
121
119
Virginia fund debt 2-3s.l991
Oct.'99
115
110
1.08
. .
SmaU
Minneapolis Brew Ist 78. 105
100
Mosler Safe Co
100
Monongahela Water... 25
88)4
42)^ 43
10
.100
14
Nat'l Gramophone.
67
68
Otaes & O Grain El— Inc..
72
76
National Saw— Pref. .100
25
41.
100
340
Mfg
Co.
Salt
46
345
National
47
Ohesebrough
Preferred
Olaflln (HB)-l8tpref.l00 101
75)4 77
100 101
100 145
National Surety
2d preferred
Common— See St.F.2. list
National Tube
46)4 47
End
Thr'd.lOO
75
Preferred
76)4
Clark Mile
9S9i 99
48
Wall
Paper.
100
National
75
Oonsolid Car Heatlng.lOO
52)4
10
N. E. Elec. Veh.Trans.
8
Consol Flrew'ks-Com.lOO
7H
100
65
Preferred
100
N Y Loan & Imp
50
.25
27)4
N Y Biscuit 68 1911. M&S 114
Con Kan C Smelt & Ref
22
New Jer Zinc & Iron. 100 125
Consol Rolling Stock. 100
76
80
N. Y. El.Veh. Transp.lOO
Cramps' 8h & En Bldg.lOO
17)4 17)4
50
Diamond Match Co ... 1 00 12U 129)4 N icholson File Co
60
12.1 12)4 Nicaragua Construct. 100
Distill. Co. of America...
lo"
3rf)4
40
NllesTcolWrk8.com.100 105
Pref
20
21
Preferred
100 122
Blectrlc Boat
126
38
40
Preferred
Otis Elevator Com.
29
31
73
78
Preferred
Electric Vehicle
90
92
100
Preferred
Peck, Stow &, Wilcox.. 25 t 22
Wlem..l00
76
8m
&
Pegamoid,
pref
100
Bppens
S5
Pennsylvania Coal
50 400
Eastman Kodak Co.. .100 105 109
410
Brie & W«,8tem Trans. 50 t 37)4 38)4 Penn. Water— Com.... 50 t 5
6
Phil & Wll Steamboat. 50 t 66
Fidelity & Casualty... 100 250
68
205
Fidelity & Dep (Bait).. 50 t200
Pittsburg Brewing..
269g
•32
Pneumatic GunCar'ge.lO t -29
German Am Real Est. 100 32
Pratt* Whitn— Com..l00
Goodyear Shoe Machine x49)4 50
12
8
Preferred
Gorham Mfg Co-Com.lOO 98 110
100
50
55
100 118
Preferred
Procter & Gamble.... 100 376
400
170
Falls
Ice
100
180
Preferred
100
Great
190
198
24
25
let 68— See Stock Exch list.
Havana Commercial
65
Preferred
6e)4 Repub Ir&steei- See Stck Exch list.
60
Heok-Jones-J MUl-Pf.lOO
H. 1. Perkins Horse Sh. 1 00
85
MAS
Preferred
l8t68 1922
5)
92)4
100
Her'g-Hall-Mar(as8t p'd).
6
10
RoyBakPowpf
98)4 99
18
24
Preferred (asst p'd) 100
Rubber Gooda Mfg
27)4 SiS
110
Preferred
Hoboken Land & Imp't
8194 82)4
106
Russel & Krwln.
6s ....
25 t 66
72
Illinois Trans
Safety Car Heat & Lt.lOO 143
3}4
155
90
International Elevat.lOO
Schwarzchild & Sulzb.lOO
95
39
42
International Navlg..lOO 102
106
Semet-Solvay deb Ss
101
103
Internal. Paper— See St'k Bxoh list.
Simmons H'rdw-Com.lOO 180 190
stock
liet.
Bonds— See
Exoh.
Preferred
100 140
145
2i>4 22)4 Singer Mfg Co
Internal' P u m p Com
100 640
600
Preferred
7094 71)4 Standard Oil of NJ..100 465
4H8
Internal Sliver— S«« Stk. Bzcb. list.
Stand Und'rg'dCable.lOO
170
do
Do
pref.
62
SlosB Iron & Steel
79
81
Do
do bonds. iib'2H 103)4
General gold 4)43
78
81
4
Iron Steamboat
100
1st 68 1»17
F&A 108 110
6)4
6* 1901
56
8l088-?ihetB tld,com.(w 1.)
J&J
89
40
John B Stetson—Com.lOO 100 105
Pieferrtd ^whenlBS.)..
76)4 78
Preferred
100 120
SUL8Crl^tlO.•.8
185
140
Joumeay Hl Bumham. 100
3
Southern Cotton OH.. .50 t 53
Preferred
100
25
30
StandardCoupler.ccm.
35
40
Knickerb'r Ice(Chlc)-See StBz List.
Preferred
113
116
, , ,
Lawyers' Surety
100 108
107
Stat iBl R T Ist 68'13A&0 107
Lawyers' Title Ins.
100 148
156
2d 58 1928
J&J 96
Liberty Silk MUls
100
110
StiUw-Bierce & 8m-V.100
86
Preferred
100
SwlftA Co
100 108
102)4
LorlUard (P)— Pref... 100 114)4 116
let 68
1108
109
1
110
108
II
1.
J'iy''99
80
23
£494 Sale
25^ Bale
U. 8. GOV. SECURITIES. {For daily record
8 28 registered. .Optional O- M lOOJ^ .....
1918 Q- F l07Ji 108
8 3a registered
1918 Q- P 108)4 ^ale
38coupon ..,,
S
38
small
reg
U
b nds.l9 8 Q- F
U S 3i cou small bouds. 191*< Q- F 108 109
1907 V-Jt lUii 112
U 8 48 registered
1907 Q-Jt 112^4 U294
U 8 48 coupon
1925 Q-F I29>i ia9Vi
U S 48 registered
48
1925 a-F 180
130)^
U 8 coupon
1904 Q-F 1101,4 11094
U 8 58 registered
U
U
6s
10394
F-A
sine*
Jan.
Ask. Low. High,
101
Small
Missouri— Funding. ..1894-95
Nortn Car— Consol48...1910
Apr '97
May'97
May'97
La^t Sale.
Atch Col & Pac 68
Atch J Co & West
MlBcellaneoug. Par,^ Bid. -^Bk
Company—Com.. 50 1 e8)4 o9)*
Carter-Crume— Pref. .100
100
Celluloid Co
Cent Ftrew'rks- Com.lOO
100
Preferred
Ohateaugay Ore& Ir 6s 1
10394
107
80
Bliss
50;t h8)4
17« 23%
1C8M 110
Jan.'99
Oct. 27.
Week's
.
So Carolina— 4iiJs
109
OUTSIDE SECURITIES
Preferred
113
99
70
latest bid
Bond & Mort Guar. ..100' 295
19
154
31
Oct.'99
109
95!^Jan.'97
J-D
J-D
A-O
M-N
M-N
Istg 5s 1926
31>^
Range or
lis"' 115" lisli
J-D
A-O
J-J
Cah C M Co Ist gu g 6b..'22 J-D
De Bare & ICogug 68. '10 F-A
U S EnvelCo lstsfg6s 1918 J-JH
U 8 Leath Co s f deb e68.'13 M-N
Ve-m^nt Mar Ist sf 03.1910
West Union deb 78. 1875-00 M-N
Registered
1875-1900 M-N
Debenture 78.. 1884-1900 M-N
1884-1900 M-N
Registered
Col trust cur 5s
1938 J -J
Mut UnTelsf'd 68... 1911 M-N
Northwestern Tel 78.... '04 J-J
Wh L B & P C Co 1st g 5s.'19 J-J
Class
Class
RR bonds
A-O
Det M&M Id
rteT&Tcoltrg8f5s...l926 J-J
Gr RlT Coal & C Ist g 6b. 1919 A-O
Hack Wat Reor Ist g 58. 1926 J-J
HendBCo Ist sf g 6s.. .1931 M-S
1910 M-N
HobokenL&Ig 58
1910 J -J
111 Steel Co deb 58
Non-oonv deben 58.. .1913 A-O
Iron Steamboat Co 68... 1901 J-J
Int'l Paper Co lit con g 6b. "IP F-A
'
L Ter
Cupples Station St,
PropCo Istg 4^8 5-aO yr'17
8 Yuba Wat Co con g 68. .'?,3
Sp Val Wat Works Ist 68. '06
Stan Rope &T Istg 68.. 1946
Income g 5s
1946
Sun Ck Coal Ist g s f 68..1912
TennCoalTDiv lstge8.1917
Birm Div Ist con 88. .. 1917
U
100
M-N
J-J
M-N
J-D
J-J
M-8
LXIX.
L.
Range
Price
Friday,
Bid.
NoWestn Teleg. SeeWest.Un.
PdorlaWatCo g 68. .1889-19
Procter & Gamb 1st g 68. .'40
Roch& Pit CA I pur m Ss 946
[V
5.
.
1039^ 10394
104
89M 87^
88
'
107
130
106
107 AUK'99
103?i Oct.'99
101 Mar'98
•i09""
-J
M-N
F-A
Q-J
Q-J
Ool Fuel Co gen gold 68.1919
Col F&ICogensf g58.1943
Oom Cable Co Ist g 48. 2S9T
2397
Beglstered
109%
109^ Apr'99
J -J
J - J
1907
109
«-.2
N. Y. STOCK EXCHANGE
Week Ending Oct. 27.
8t
PQ&C
a&
q
1922 J-D
a«n Hleo Co deb
Page
(5 pages)
BONDS.
since
Jan.
A-O
A- O
1939 J -J
lBtcong48
q(Ja»LNYl8toong5s..'32 Ml-8
QrBapGLCo
Week's
Ask. Low. High. No.
Bid.
Ed
Range
Price
Friday,
BONDS.
Y. STOCK EXCHANGE
Wbek Ending Oct. 27
prices
....
Chemical
Citizens'
310
3900 4100
148
2000 2956'
240
City
Colonial*
Columbia*... 180
Commerce... 250
Continental 128
Corn Exch*., 4:376
Bast River., 30
nth Ward*, leo
Fifth Ave*., 2800
<25
Fifth
1250
First
14th Street*, *153
ti81
Fourth
400
Gallatin
.
..«*
'
10
30
30
72
16
55
55
34
75
100
2d preferred
8 Glass— Common.. 100
Preferred
100
100
U 8 Projectile Co
Banks
152)4
New Amst.*..
NewYork Co.
N Y Nat Ex..
New York..
.
172)4
Liberty
Lincoln
Manhattan* ^6-i94 t
Market &Fnl 225 236
310
Mechanics'.. 2U0
Mech & Tra* 100)4 t
93
Mercantile
Merch Exch. 116
Merchants'.. 174
Metropolis*. 116
.
I
•
t580
1500
116
250
t •
tf
• • •
170
list.
Side*.
Western
300
350
210
.
330
Ger Amer*.. 90
First
Hamilton*... 105
Kings Co*.... 100
Manufact'rs. 250
Mechanics*.. 212
Mech & Tra*. 245
lib"
145
ri5'
Atlantic Tr
.
tJOO
827)4
2100
360
396
350
Ln
Farm
&Tr 1350
Central Tr'st.
City Trust. .
Colonial
Continental
.
Feder'lTiust
• •
Kllth Ave Tr 425
Guaranty Tr 655
•«•<
Int'l.Bkg&Tf tl60
•
• • •
106
Knick'rb'ck'r 380
108
Manhattan
.
Alercantile
.
Hetropolitan
136
•
••••
•
•»
376
236
800
451
426
1450
t846
MortonTrust
X Y LI & Tr
N Y Sec & Tr
North Amer. 163
Produce Ex. IHO
Iteal Est Tr't 800
•
• •
••
165
200
StaudardTr't 210
.•••
200
186
93
107
350
100
'Vashlngton
295
BR'KLYN.
ms
19S
535
uDit. States.. 160C
280
•
State Trust. 410
Tr.Co.of Am. 23694
oulon Trust. 1425
USMtg&Tr.
..1.,
•
196
n».
ai RltyB&T 300
280
Nassau
•••
Nat City
276)4
170
North Side*..
....
Aik.
Scherm'rh'n* 160
17th Ward*. 105
200
Sprague
26th Ward*.. 140
120
Union*
Wallabout*.. 105
Bankers' Tr
BR'KLYN.
.
Bid.
otati
N. Y. CITY.
185
•
Qu
Am Dep & L.
_
226
NY* 126
12th Ward*.. 120
23d Ward*. .. 100
350
Union.
Union Sq*.... 300
People's*
27)4
lOt
Trust Cos.
370
19th Ward*.. 100
t8y)4 90
Ninth
North Amer. 200
800
Oriental* .... lao
Paclflo*
Banks.
Brokers'
140
Mutual*
Nassau*
Bedford*.... '215
190
Broadway*
Brooklyn* .. 110
8th Ward*...
• •
3th Ave*.... 104
.'10
Ask.
Bid.
(35
Hanover
Hide (t L'ath 120
Home*
Imp & Trad. 535" 6!0
275
726
120
.
Yorkvllle*..
Leather Mfr.
31
US
Westlngh Air Brake. .50 t2l5)4 216)4
WlsconCentral 48— See St ockEx list.
Greenwich*.. 166
Hamilton*... ^146
Irving
30
61
99
90
Pneum. Horse Coll.. 1 t
M
Wagner Pal. Car— 5ee 8i k Exch.
Brokers' Qu otatio
Mt Morris*.. 875
West
26)4
Ask.
U.S.
State*
State of
German Am* 116
German Ex*. <!35
German La*... 300
116
U
•
80
50
Preferred
Riverside*... 190
Seaboard.... 260
330
Second
160
Seventh
Shoe & Le'th 100
1500
Garfield
107)4
395
Hid.
Par,
Signal. 5U
Union Typewr — Com.lOO
39
100 111
1st preferred
4eo
Park
Peoples'*.... 283
100
Phenix
110
500
Plaza*
Prod Exch*. 122)4 ISO
379% Republic .... 196
•
1
Gansevoort*
70
«
St
•
Brooklyn Tr. 410
h'latbush .... 160
Pranklln
310
Hamilton.... 280
Kings Co.... 346
L Isi L & Tr. 268
vlanutaot'rs. 312
.Vassau
People's
338
WUUamsb'gh 175
<15
180
220"
Banks marked with an asterisk (*) are State banks, i Purchaser also pays
accrued Int. t Price per share. * Sale at Stook Bxoh. or at auction this week.
•
October
THE CHRONICLE.
28, 1899.]
897
—
Boston, Philadelohia and Baltimore Stock Exchanges A Daily and Yearly Record.
Boies
Sbare Prices— IVot Per Centam Prices.
ACTIVE STOCKS.
of the Range of Sales in 1899.
Monday,
Saturday,
250
108
•
lOS
•340
200
Oct.
107% 108
240 ....
205
•107X
131H131M ISIH ISSM
143
129
40
•140
129
•39
•119
26
•39
2B^
132)i 133)1
132M
142
138
40
46
120
•
•39
46
120
x'6'i 46)4
120 120
120
26« 269<i 26)^
13X 18H •13«
13% 13%
92
53H 53%
54H
•76?i
206
206
e6H
66
76
206
HbH
16H i^H
45
4SH
T>H 77)4
39^ 3m
•16)<
4S)^
201
133Vi
141)6 142)6
138
"'"39"'
40
47
130
27
46
75?i
206
10 9-16
10 9-18 ll)s
29 7-16 29)6
b
16?«
46
206
206
208
68% 66%
96)^ 98%
c
18
47M
78H
40% 40%
47%
77% 78%
40% 40%
18
18
17%
17%
17% 17%
16)6
47
18)4
18)4
94
94
94
94
94
94)6
94
94)6
93
43
43
42%
81
43
90
41
80)^
43
80
40% 40%
79% 80
3% 3%
44
3k
3hi
5%
6%
5H
149%
117%
17%
14e%1495<
117
117
17% 175i
340
344% 347
•69
73
750
746
70
•114
43
115
115
32
80% 8O4
11% 11%
29
21)6
80
11% 11%
>103% 104
29
39
28
38% 26%
44
44
115
35
46
35
45
21
80
44)6
•103% 104
es?4
54% 55%
53% 53%
•44
•21
24%
62H
86% 38%
163% 183)6
44)6 44%
44
50H 60%
46
46
46)6
68
68
•Bid and aiked prices
•46
INACTIVE STOCKS
RAILROADS.— PrtCM
Atl & Charlotte(Balt) 100
Bos & Maine pf.(Bost) IOC
100
Boston 4 Prov. "
"
"
"
100
100
100
Mich.
Conn4PaBBum " 100
"
100
Oorm Rivpr....
ConBOlTrPlttsl(Phll) 50
"
50
PrefT
Flint 4 Pere M.(Bo8t)100
"
100
Pref.
Central Mass...
Pref
Ohio 4
W
Oa Sonth4
Fla.(Balt)100
100
100
O'rmanfn Pass(Phll) 50
50
Hestonv M 4 T "
50
Pref
50
Hunt 4 Broad T "
50
Pref
100
Inds Street.
Ist pref
3d pref
KC
FtS4M..(BO8t)100
100
60
Maine Central. (Bost)lOO
Mlnehlil 4 S H. (PhU) 50
50
Neaqnehon'g V. "
50
North Penn.... "
60
Phil 4 Brie
60
PhU Germ 4 N.
100
United N J
"
60
United Tr of P.
50
Pref
West End pref.(Bost) 50
West Jer4 8S.(Phll) 60
50
WestNY4Pa. "
Wis Cent, new.(Bo8t)100
"
100
Pref
Wor Nash 4 R. " 100
"
Pref
Little Schuylk.(Phll)
'
MI80BLLANBOU8.
AJlouei Mlnlng(Bost) 35
Amir 4 Stetll.(Phil) ....
367
18%
77%
38%
40)6
39)4
16% 2d preferred
47% Union Pacific
47
Preferred
7'J
39)4
.
BaeoCoof Amt.(PhU) 50
379
4I60C
47
50
50
50
50
50
1,187
Union Traction
597
7,737
24,368
1,040
6,809
3,958
14,551
17% 17% United Hy & Elec. Co.(w. I.) (Bait.)
•37% 37% Preferred (when issued)..
"
93% 94 West Bnd Street.
(Boston).... 50
93
41
79% 79^ Preferred
American Alkali
3%
•1% 1^ Preferred
1%
369 370
5% 6
6%
1,303
396
lYllscellaneoag Stocks.
Amer. Agricul. Chemical.... (Boston).... 100
41
"
50
"
200
636 273
10 paid
. . . .
.
743
747
84% 24%
•82% 63
43
115
55
35
740
745
24
21
42%
43
116
62^
43
lis
740
740
745
83% 34%
63
82%
43% 44
740
Calumet
&
"
Hecla
33% 24 Cambria Steel. (1-50
63% 62% Consolidated Gas
16,325
42,404
44
117
.,.,
(Bait.)
115
115
.
25
.
. .
Bid.
Asb.
I
18
65
AmG
25
164
28
59
35
Rys Co Generalir( Phil)
Rhode Isl Mln.
150
50
77
'lo'
'is'
30
58
175
60
46
••
5
11%
5%
8usqueI&Sir..(PhU)
5
Tamarack Mln. (Bost) 25 ail
185
• •
3^
(Bost) 25
Santa Ysabel G "
5
.
1
54%
104
30
150
874% 375
Tidewater St... (PhU) 10
Torrington "A" (Bost) 25
"
Pref
25
UnCopL4M'g "
85
Un Shoe Mach.. "
25
"
Pref
25
U 8 PHorseColT(Phli) 1
Utah Mining (Bost) 4 -85
Warwick I & 3 (PhU) 10
WelsbachComT " 100
"
PrefT
100
Westm rel Coal "
50
Wluona Mining(Bost) 25
Wolverine Min. "
35
5%
18
575
313
3%
4)4
%
.....
11%
.
A40
N Y4N Eng 1st 78.'05 J&J
F&A
?105
Anacostia & Pot
5s
Atl & Ch Ist 78.1907 J&J
AtlG-Lightl8t5sl917J&D
Atl Coatt L ctfs 5s .J&D
103
118
Gold 4s
1917
Bonds— Bal ttmore.
35%
13
52
6
6%
39
39%
BaltCPaBl8t58.1911M&N 113
Bait Fundg 5s.l916 M&N
Exchange 3%8.1930J&J 186'
Balt&Ohio 48g.l935 A&O
8tatlsl2d 5g.l926 J&J
Balt&Plst6sm 1191 1 A&O
Ist 8s tunnel 19 11. .J&J
Bal Trac Ist 5s.l929M&N
Ext & Imp
4%
138
4%
8dM58
1939 J&J
Bar4 Mo Rlv ex'pt 6s.J&J
Non-exempt
Plain 48
37
9
36
23
168
44%
Ch Bur& N
M
68. '18
60
i
{120
A&O
i
i
Cent Ohio 4%s g.'30 M43
Central Ry 88... 1913 J4J
Consol 5s. ... 1932 M4N
Bxt & Imp
5S.7
932M&S
M guo8.'31 M&N
Chi & W M gen 5s.'21 J&D
'-
A&O
23% D G R & W Ist 48.'46 A&O
Domln Coal l8t68.'13M&S
5% Bast'n Ist M 88 g.'06 M&S
Fr Elk&M V iBt 68 '33 end
Unst'p'd ist 68.'33 A&O
116
lUln Steel oonv Ss.'lO J&J
208
Debenture 58.19 13 A&O
15% 16
K C C& 8 Ist 58 g.'25 A&O
Curr't Rlv Ist 58.'27
i
i
i
82)6
15
132
94
85
92
ill6
{140
{137
«
{
99
«
83%
100
105
45'
48 g..l911 J&J
con Inc Ss g non-cum
2d con Inc Ss non-cum..
Ist
}
75
26
11
14*
ivr
120
109
103%
115% 116
111
107
112
88 1900
A&O
68 gold 1900
J&J
68 1904
J4J
Series
5s 1936... .J4J
Series B 5a 1928.... J&J
Pitt Un Trac 58.1997 J&J
PotomVal Ist 58. 1941 J&J
87)4
187
109
100% 101
102%
102)4
••••(
120
120
107%
48
88
1900 J4J
Bid.
115
Asphalt Co OS
tr ctfs.
.
M4N
Ask.
.
•
•••
115%
139
90%
113% 114
100
101
108*
••••••
105
106
Cit'8'3tRy(Ind)con58.'33
Colum St Ry Ist con 58.'32 109
tl
Con Trac of N J Ist 5s.. '33 110
123
Del & B Bk 1st 78.'05 F&A
East&A 1st M 5a.'20 M&N
Edison EHec 5s stk tr ctfs 118% 99"
98%
Elec& Peop's Tr stk tr ctfs
Elm&WUm 1st 6s.' 10 J&J
105
.2882
A&O
Income 5s...
Eq HI Gas-L 1st g 58.1928 107%
Hestonv M & F con 5b.'24
H& B Top con 58.'25 A VO 107
• •
Indianapolis
Ry
4g..l933
1923 J&D
J&D
Annuity 6s
New'k Con Gas 58 '48 J&D
Consol 68
• • •
•
••
113
127
107
•••
Newark Pass con 58.1930
NYPhil&Nc rl 8t4s 39 J&J 104" 104%
Income 4s ... 1 939 M&N
No Penn Ist 48..'36 M&N
115
1903J&J
GenM7a
131
Penn gen 6s r... 1910 Var
•••
iia"
Var
1905
Consol 88 0. ...
'
•
Consol 5s
• •
• • t
86)4
•
• •
• •
103
r....
Pa & N Y Can
78..'06
1939
1939
Cons 58
Cons 48
187
1919 Var
l8t58.'17
J4D
133%
A40
A40 "93"
M&N
People's Tr tr certs 48.'43
PhUa Elec gold trust ctfs
Ph&Er gen M 5g.'20 A&O
Gen M 4s g.. 1930 A&O
Ph & Read 3d 68.'33 A40
107
99
119
107
M 78.. 1911 J&D
Con M 6s g... 1911 J&D
Bxt Imp M48 g.'47 A&O
Con M of '82 4s.'37 J&.J
Terminal os g.l941 Q-F
Coilattrust 48.1931
Ist 68.1906
(State) 3s new.'33J&J
BONDS
Baltimore— Conclu'd
West N C con 68.1914 J4J
.
.«••
106
94
108
••••••
110
133%
105"
133%
PWil&Balt48.1917A&0
75%
98% 98%
Fund debt2-3s. 1991 J&J
Va4 Tenn 3d 5s.l900 J4J
4
Jan.
35% Oct. 37 53%
31% May 34 33%
895 127)4 Jan. 5 175
3 55
1,380 36 Jan.
255 36% Feb. 16 60)4
466 39 Jan. 4 53%
187 66 May 31 70
Consol
123
8ecAvTn(Pitt«)58'34J&D
Sav Fla & West Ss 34A40
Seab & Roan 5s.l926 J&J 109
United By 4 Bleclncome.
75
Va
133
4,315
9,465
Penn Steel
M&S
2dBerie8 6a.. 1911 M&S 117%
3d series 8s.. 1916 M&S 114
4th ser 3-4-5a.l92lM&S 104
6th series 58.1926 M&£ 109%
76
87
13
July 14
Sept. 5
Apr. 35
Apr. 6
Apr. 6
Mar. 30
Apr. 8
June 13
Aug. 38
156
• •
117% 118
Norfolk St 1st 5s '44. J&J
VlrgMid
'
Mex Cent
107
102
87
KorthCent4%s.l935A&0
15% May 24
}
101% July 11 107
15
KCSub B l8t88..'20J&D
K C P & G Ist 58..'23 A&O
Lehigh Nav 4%8. .'14 Q-J *!•••• 114
1914 Q-F
RR4sg
GenM4%8g..l924Q-F 103%
118 120
Leh V C'l 1st 58 g.'33 J&J 100 106%
105
105% Leh Val eit 4s.. 1948 J&D 116
1910 M&S
2d 78
99% 100
Maryland Brewing 8s
Met8t( Wash) 1st 58'25FA
New OrlGaa 1st 58...Var
A
15)6
"
..
100
14% 11)4
Mergenthaler (Bost) 1 00 204
208
Mex Telephone '*
10
3% 8%
130
GaSo&Fla 1st 58.1945J&J 10794 lbs"
KnoxvTrac l8t5s'28A&0 105 105)4
Lake R El l8tgu58'42M&8 116 117)6
98- 100
93
Clty4Sub lst58.1932J4D
Ool4Gmvl8t5-6.1917J4J
Consol Gas 6s. .1910 J4D
58
1930 J4D
Oct.
Cambrialron 68.1917 J&J
Ches&D Canlst5s.'16 J&J
ChocOk&G gen 58'19J&J
GeorgiaPlst5-68 1922J4J
68
Ch & No
117
.
9%
Balls Ter 1st 58. 1928 J4D
B Boro Gas Ist 5s.'38M&S
68.1
09. 1
,
Atl City lst5sg..'19
Ga 4Alal8tpf5sl945A40 104 ids"
GaCar4Nl 8t5s g. 1 929J4J 100% 101)6
1918 J&D
Ch Bur 4 Q 48.1922 F&A li'di"
lowaDlv 48.1919 A&O al03
Chicago June 58.1915 J&J {114
2d
Con. of Verm't Ss.'lS J&J
"24j*'
'87*
J4J Jl07
1910 J&J
1st 5s.'26
*"85"
107
901M&S 102% 103%
942J4D 120 121
Conv'rtible 581908M4N
No BaltDi V
386 Oct. 5
Jan.
Oct. 18
14% Apr. 21
tiar. 90
4 186
Jan.
Jan. 16 122 Mar. 30
Aug 4 19% Sept. 5
Apr. 95
7 398
Jan.
Apr. 23
Sept, 15 108
895 Feb. 21
Jan
35% Sept. 25
Jan.
May 17 71% Mar. 18
63 Apr. 8
3
Jan.
Oct. 27
3 120
Jan.
Feb. 8 74% Apr. 8
May 23
Jan.
3 45
3 45% Mar. 30
Jan.
July 25
17
28%
Oct.
Aug 8 83<^ Aug. 30
.
1
.
21
75
1,132
3,737
S.pt.11
4% Ang. 35
3% Aug. 31
Bonds— Philadelphia
Alle Vy Eext 7sl910 A&O
West End St 58 .. '02 M&N ?103%
4%s
1914 M&S 5111%
Chas aty Ry Ist 5s '23J4J
Bonds— Boston.
116
115)6 Am BeU Tel 4s. .1908 J4J {102% 108% Chas Ry G & Bl 58 '99 M&S
60
AT4SFgeng4s.'95A40 a 99% 99% CharlC&A ext58.1910J&J
Adjustment g 48. .1995 { 86% 87H Chesap Gas 68. .1900 J4D
«% 6%
17% Boston Term'13%8..1947
Bos Un Gas 1st Ss. "39 J&J
56
{115
Rutland Ist 68.. '02 M&N il06
Torrington 1st 58 1918... I.
78%
46%
23%
39%
498
13,745
175
280
145
Oct. 11
We3tVaC&Pl8t8g.'HJ4J 114
WU 4 Weld 5s. 1 935 J&J 107
l«t mort 6s.. ..1905 J&J {111
Ogd & L C con 6s.'20 A&O
Income 8s
1920
47%
17
54
130
i.
60
33
1,190
Ask.
Bait Beit 1st 5B.1990M&N
30
30
36
1907
6s
.
Bid.
Boston—Concluded.
New Bng Tele 6s.'99 A40
"
5
6)4
22
No
89%
Dredg(Bost) 10
OldCol MininK. "
7
25
7%
Osceola Mining. "
25
82% 83%
Palmetto Co.... (PhU) 25
1% 2%
44
43
ParrottSU&Cop(BoBt) 10
Penn Elec Veh. (PhU) 50
10% 11%
"
Pref
50
Pennsyl Salt... "
50 113
Pennsyl SteelT. "
181
"
PrefV
100
154
Qulncy Mining. (BoBt) 25 153
303
15
BONDS
Ask.
NewHavI&ST
60
22
160
«ll
87
88
25
92
58
145
45
75
Bid.
Nat Typewriter (Phil) 25
135
300
STOCKS BONDS
MISCELL.— Concluded.
Oct. 27.
11%
5,920
.
.
13%
594 282
7S6 60
325 835
(Boston)
"
"
65%
54% 54% 55% 54% 51% Federal Steel
•35
•
35
35
35
"
35
35% Lam son Store Service
.. 85
•44% 45
\5
45 Lehigh Coal & Navigation.
44% 43
44% 45
(PhUa.)
.. 50
21
81
31
81
22
21
31
Massachusetts Electric Cos (Boston) ..100
81
"
Preferred
80
80% 80%
80% 80)t 80
100
80)6
ll)s National Electric
(Phila )12%pald
11% 11)6 11% 11% 11% 11% 11
•103% 104 •103% 104
104
New Eng. Cotton Yarn, pref.(B')3ton),,.. 100
104
•140
New England Telephone....
•'
141
....100
26
27% 86% 2694 26% 36k 25% 36% Old Dominion Copper T
"
.... 85
26% 28% 26% 28% 26% 36% 37
27% Pa. Mfg. Light* PowerT... (Phlla.).... 50
163 163 United Gas Improvement!..
"
164% 164% 164 1649i 163 164
.... 50
43
43
United States Oil
43% 44% 43
43% 43% 43
(Boston)..
Welsbach
Light!
50
60
49% 49%
(PhUa.) ..
46
46
Westingh. Electric & Mfg. (Boston)
46% 46% •46
47
46% 48
*
"
68
68
66
88
Preferred
66
" a'29'5-V6 29 11-16
30 7-16
no Bale was made.
lb 80 5-16
c 10 15-16 11%
116
54
133%
13,330
..100
..100
..100
..100
.
Dominion Coal
Erie Telephone
44
120
5%
528 110%
paid) (Phlla.)
45
84
July 28
Sept. 26
3% July 28
1% July 11
23
77
1,191
1,541
1,560
....100
(Phlla.)
.
K C Ft S&G let 7b.'08 J&D {114
123
K C F S&Mcon 68.'28M&N {104%
189
140
E C M & B Ist 4b..'34 M&S i
40
Income 58
"4'
K C& M Ry&B 5b.'29 A&O «105
Ind-Bgyp ComT(Bost)100
K C et Jo & C B 78.'07 J&J {119
17% 30
IntButH4 8M "
10
3
4
L Rock&F 8 l8t7B.'05 J&- {107
"
Isle BoyaleT....
85
37
38
L B&St L Ist 68 g. 26 A&O •103
ManufacRub..(PhU) 60
2dM 5-8g....l936 A&O »
5%
"
Prtf
50
MarH&Ont6s...'25 A&O S114
rranklln Min'g. (Bost) 25
Osneral Bleot.. "
100
"
Pref
100
(JenBl Auto-Mt(PhU) 50
"
10
Qreger Mfg....
. .
lie
9,813
"
....
"
....
"
....
"
....
( Boston) .... 1
"
....100
(Phlla.).... 50
1st preferred
370
88
(Bost) 36
Aroadian
35
Arnold Mining. "
8%
"
85
86
Atlantic Min'g.
"
25
Baltic Mining..
22%
31
Beth Steel T....( Phil) 60
iiotton BleoLt.( Bost) 100 xl67
50
44%
Cambria Iron. .(Phil)
(Bait) 1 00
Canton Co
83)6
Centea Mining. (Bost) 85
"
Central OU
22%
1K%
Con. Lakt Sup. (PhU)
"
6
Pref
x31
Daylight Prism. "
"
Dlam State St t
7%
Domin Coal pf (BO8t)100
BdUonBl 111... " 100 806
Marsden CoT
109
,
750
750
24
•23% 23%
"43" "43%
79% 80
3% 3%
3)6
96
10%
(Phlla.)....
Jane 27
280
Mar.
4 118% May
1
Jan.
9 245
Aug.,33
Jan.
4 210
Oct. 27
Jan.
124% Jan. 4 149% Feb. 18
139% Jan. 3 154% May 18
124 Jan. 12 138 Aug. 5
29% Jan. 3 43% Aug. 35
43% Jan. 14 49 July 6
107 Jan. 3 123 Sept. 3«
30 Mar. 9
33)4 June 1
5% Jan. 7 17% Apr. 27
90 Jan. 21 95 Feb. 6
57% Aug. 34
42% Jan.
74 Oct. 16 81% Jan. 26
198 Jan. 4 212 May 17
Jan. 93
61 Jan.
3 70
94% Jan. 3 100% June 30
Jan. 34
13
12%
9% May
25 13-18Jan.': 34 Mar. 23
13 7-16Jan. t 18% Mar. 33
38% June 30 50% Feb. 21
72% June 1 84 Jan. 33
31% Jan. 7 44% Apr. 38
18% May 17 33% Feb. 21
36% May It- 45 Feb. 31
90 Jan. 3 96 July 11
9,972
370
176
American Bell Telephone. (Boston)
369% 370
lOO
5% 5%
5% 594 American Railways
(Phila.) 5 paid
5%
6%
152
149 150H 149% 153% 153 155% 152% 151% American Sugar Reflningrl. (Boston). ...100
"
100
117% 117 117)4 117)4 117)6 117 H7h 117% 117>4 PreferredT
16
16% 15% 16 Asphalt Co of America
(Phlla.) 5 paid
17% 18% 17% 16% 17
•321
335
335
340
335
340
Montana
332 340
Boston &
345
(Boston).... 25
70
70
65
66
69
69
Butte&Boston
"
70
70
,.., 25
71
367
367
366
3S5
3%
1%
66%
16% 11-16
47% 47%
7-% 77%
16
45)i
77)6
77% 77«<
39M 40H
18)i 18^
44
80
206
30 5-16 30% 30 3-16 7-16
16%
775 245
724 80%
35 227
181^ 170
"
....100
(Boston).,.. 100
Preferred
Old Colony
66H Pennsylvania
96)4 Philadelphia Traction
13-18 Reading Company
78)4
306
Highest.
Lowest.
Railroad Stocks.
Boston & Albany
(Boston).... 100
"
,...100
Boston Blevatod
,
"
245 245 •345 250 Boston & Lowell
....100
203 202
"
....100
302% 210 Boston & Maine
"
Quincy
1337^
Chic.
Burl.
....100
133%
132% 133)6
&
141
Hi 143 142 Chic. Jvmo. & Un. Stock Yds. " ....100
"
137
139
Preferred
....100
•89
•39
40
40 Choctaw Oklahoma & Gulf. (Phila.1 .... 50
46 47 •46 47
"
Preferred
.... 50
120
120 120 FltchburR, pref
130
(Boston) .... 100
88% 27% 26J4 26% Lehigh VaUey
(Phlla.) .... 50
14
14
13% 1394 Mexican Central
(Boston) .... 100
•92
93
Northern Central
(Bait.) .... 50
54% 54% 54% 55% Northern Pacific
(Phlla.) ....100
26%
13M 13J4
54% 54%
•75% 75% *7S% 75% •76
207
Shares
.
66% 68« 66% 66%
96% 96)6 •96% 98)6
66)«
29'4
245
120
54
•75)i
•205
96>« 96%
10 9-16
*95% 98V6
10^ IPH
f
269^
14)4
•92
54
....
54
•75^ 75H
206
66
138
40
'
245
201
Week.
H Indicates anllsted.
27.
Oct.
250 251
250
249% 250
107% 107% 107% 107% 107% 108
249
10754
200H 801
142
143
'140
Friday,
Oc^ 26
25.
Oc<.
•240
200
300
24.
248% 350
250
'
Wednesday Thursday,
Tuesday,
23.
Oct.
21.
Oct.
119
91
88%
Pitts
J&J 110%
'>••••
C&StL 78.1900 F4A 103
4s, 1997 J4J
Rochester Ry con 5s. 1930 108
111%
SohRESldelst58 g'35J4D
Soran Trao 1st 68^33M4N
Seat& S F Ry & Nav Ist Ss 107
Union Term'l 1st 5S.F&A
United N J 4s. 1944 M&S ••••••
114
UnTracPitts gen5i'97 J4J 113
Read Co gen
.
lAnd
tfl-50 paid.
•Price inomdes overdue OOUDO ni.
Interest.
THE CHRONICLE.
898
rvoL. Lxix.
Latest Qross Earnings.
Jan. 1
to
Latest Datt.
KOADS.
WeekorMo
luujestnxjent
AND
K.C.Mem.&Bir 2d wk
Oct.
Kan. O.N. W.... September
Kan. Oity &Om 2d wk Oct.
K. C.Pitts.
RAILROAD EARNINGS.
The following table shows the gross earnings
of every
from wMoh regular weekly or monthly returns
n KAM railroad
two columns of figures give the
obtained. The
first
i»i be
gross earnings for the latest week or month, and the last two
•olumns the earnings for the period from January 1 to and
Including suoh latest week or month,
J%e returns of the street railways are brought together sepurately on a subsequent page.
&Q
Kan.C.Sub.Belt
L.Erie & West
Lehigh & Hud..
Lehigh Val. RR.
Leh. V.Coal Co.
Lex'gton&East.
Loug IslandRR.
Long Is. System.
4thwkMay
September
3d
wk
Oct.
September
August..
August..
August.
September
September
LosAng. Term. September
Loul8.Ev.&St.L. 1st wk Oct
Lou.H.&St.L.. 3d wk Oct.
Louisv.&Nashv. ^dwk Oct.
Macon ABirm.. September
Manlstique
September
tMexlcan Cent. 3d wk Oct
tMex.Cuern <feP. July
Mexican Inter'!. August
3d wk Oct
J Mex. National
Mex. Northern. August-...
tMexlcan R'way Wk Oct. 7,
Mexican So... 1st wk Oct
Midland Term'i. •July ....
Mluneap.A St.L. 3d wk Oct,
,
Latest
BOAD8.
WeekorMo
QroM Earnings.
1899.
1898.
Jan. 1
to
Latest Date.
1899.
1898.
130,912
144,690
1,535,411
1,37^,113
534,434
550,549
M.8t.P.&S.8t.M.
Mo. Kan. & Tex. 3d
1,215,67 6
1,041,098
481,819
483,543
1,970,354
1,166,521
69,047
27,985,02 H
970.739
231,094
1,001,334
365,625
Mo.Pac.&IronM 3d
$
9
20,565
August
23,819
33,711
45,308
Ala. Ot. South.. 3d wk Oct.
75,781
61,257
Ala. Midland... August
Ala.N.O.&Tex. Pao. Juno.
w on. & N. E September 150,229 120.476
72,789
52,986
Ala. & Vloksb. September
59,830
62,849
Vloks.Sh.&P. September
Allegheny Val. September 291,815 237,976
25,908
32,085
3d wk Oct.
Ann Arbor
7,002
8,481
Ark. Midland... August
Atoh.T.&S.Fe.. September 3,936,310 3,425,582
30,1.55,193
173,94h
1,224,244
Adirondack
Atlanta & Char. July
170,799
525.899
476,363
2,'^42,886
1,290,677
78,17*^
288,019
27,120
Atl.Knox.&No. September
35,639
135.912 1,027,820
Atl.C'stLineS.C June
158,791
394,951
Atlanta&W. P. August
51.589
47,706
At.Vald'stai&W. September
15,019
5,667
70.038
73,263
AuBtln&N'wesi July
10.174
9,165
September 2,804,293 2,587,696 21,846,514 21,024.741
Bait. AOhlo
Bal.
&
O. Sou'w. 3d
wk
Oct.
Bath&Ham'nde August
& Atlantic.
June
BnmBw'k&West August
Blr.
wk Oct.
Buffalo* Susq.. September
Bur.O. Rap.&N. 2d wk Oct.
OftnacUanPaol c 3d wk Oct.
0«nt.of Georgia 3(1 wk Oct.
Buff.Rooh.&Pitt 3d
tt
145,865
3,397
1,315
54,626
90,072
83,820
123,343
684,00'
146,839
2,717
1.585
46,644
7'«,958
83,538
116,569
593,000
156,811
5,482,022
16,505
10,136
427,820
3,165,590
566,885
3.800,434
22,223,025
4,443,141
529,290
10,867,646
11,359.045
476,518
61,120
9,774,413
28,281,172
3,837.172
5,077,496
3,048,071
31,586,829
30,170,545
675,848
13,956,194
7,549,79 n
1,005,251
1,754,427
*1,259,126
44,757
3,490.166
235.384
11,701,020
1,463,399
145,940
Central N. E... September
67,853
55,4t;2
Oentralof «. J.. September 1.334,293 1.155,850
Central Paoltio. August
1,910,167 1,456,023
Oharlest'n&Bav August
36,619
37,562
Chattan'ga 80.. 2d wk Oct.
1,885
1,184
Ches. & Ohio. . . 3d wk Oct.
270,473 249,883
Ohio.Bur. &Q... August
4.353.664 4,054,596
Ohlc.&East.ni. 3d wk Oct.
119,422 102,648
Ohio. Gt. Weet'D 3dwkOct.
151,120 122,817
Ohio. Ind. &iL.. 3d wk Oct.
82,769
71,990
ChIc.MU.&8t.P 3d wk Oct. 994,992 921,021
Ohlo.&N'thw'n. September 4,177.483 3,598,274
Ohlc.Feo.&St.L. September
89,823
76,766
Ohlc.R'kl.&P.. August
2.353,439 2,133,732
Clhl0.St.P.M.&O. September 1.098,984 1,061,640
Ohlc.Ter.Tr.RR. 3d wk Oct.
26,778
23,859
Ohio. & W.Mich. 2d wk Oct.
48.811
42,713
Ohoo.Ok.&Guli. September •119,000
*85,000
Oln.G.&Ports'tb August
7,473
5,912
01n.N.O. &T.P. September 443,812 449,019
Oin.Ports.&Vlr. September
36.010
31,806
Ol.Cln.Ch.&St.i. 2d wk Oct.
349,574 305,819
Feo.&East'n September 195.158 170,786
OI.Lor.&Wheel 3d wk Oct.
38,042
29,358
Ool. Midland.... September
166,074
141,628 1.253,182
<feSo..
Colorado
2d wk Oct.
85,305
2,983.216
Ool. Sand'y A H. 3d wk Oct.
20,513
675.810
14,011
Oryetal
August
480
7,395
1,165
Onmh'l'd VaUev August
97,051
580.fc01
89,803
Oenv. & Hlo Gr 3d wk Oct. 217,400 198,800 7,555,553
Det.G.Rap.
2d wk Oct
32,771
30,041 1,251,769
Dst.& Mackinac August
75.099
497,303
45,157
Dolath S.S.&Atl 2d wk Oct.
54,635
33,497 1,849,240
KlginJol.&East. September 148,439 131,480 1,320,422
rle
September 3,410,696 2,954,928 26,738,909
Jtnreka Springs. August
8,164
41,413
5,860
Evans. &Ind'pll» 3d wk Oct.
6,475
273,844
7,05?
Kvansv.&T.H 3d wk Oct.
28,664
24,467 1,089,867
Find. Ft.W.&W, September
11,190
85,620
7,965
VUnt&P.Marq 3d wk Oct.
70,890
63,487 2,644.778
Fla.Cent.<fe Pen. 2d wk Oct.
48,058
48.562 2," 68,335
Pt.W'th&Den.O. ^.dwkOct.
37,535
40,907 1,171.357
»t.W.<&Rio Gr. 3d wk Oct.
12,695
367,633
19,112
eadB. A Att. U. September
1,53.<!
8.227
544
Georgia RR
3d wk Oct.
36,906
39,644 1,261,940
Georgia dc Ala.. September 138,300 112,051
913,769
Geo. So. &Fla. September
93.575
742,045
76,340
Gila Val. G.&N. July
32,528
248,657
Or.Bap. &Ind.. June
206,192 162,581 1,134,075
01n.B.&Ft.W. June
41,799
232,756
36,985
Traverse Oity June
3,805
22,939
3,322
MuB.G.R. &I June
10,699
56,787
10,481
Tot aUlines. July
279,683 247,858 1,726,240
Gr.Tr'nk Syst'ui 3d wk Oct.
573,983 494,620 20,694,89
Chic&Gr.Tr. Ist wk Oct
77,306
71,301 2,910,869
Det.Gr.H.<teM. Ist wk Oct
22,313
759,465
23,08;
North'n—
Great
M.
P.
&
M. September 2,532,774 2,365,780 14,702,087
Bt.
Eaatof Minn. September 409,203 345,880 2,052,e02
Montana Cent September 171,295 153,625 1,434,248
Tot. system September 3,113,272 2,865,286 18,188,937
G'UB'nmt&K.O let wk Oct
5.457
217,818
5,450
Gult& Chicago. July
3,788
3,008
Hooking Valley. 3d wk Oct. 105,380
65,951 2,712,489
HooB.Tun.&Wil. August
5.875
37,313
5,944
HoaB.&Tez.Ceii August
254,202 2,191,304
306,49!)
IlllnoiB Central. September 2,692,492 2,384,614 21,406.492
46,298
210,664
46,835
ed-DecAWest. May
0.111. & Iowa. August
668,4 64
63.229
90,642
Zii.AGt.North'n. 3d wk Oct.
111,290 127.605 2.999,140
{Interoo. (Mex.) Wh Oct. 7.
73,200
62,700 2.^176,200
Iowa Central... 3d wk Oct.
44,025 1,819,147
47,861
Iron Ball way... September
44,542
3,842
5,810
Kanaw'a&Mlob 3d wk Oct.
529,487
11.326
13,761
K.O.F.8cott&M 2dwk Oct. 116.664
86.140 3,906.908
&W
1)
5,679,318
14,487
12,880
400.101
3,069,366
468,937
3.463,079
20 088.632
4,230,975
465.400
9,084,378
10,164,358
473.410
53,534
9,512,534
26,992,544
3,404,164
4,423,360
2,674,578
27,794,283
26,826,567
621,874
13,537,381
6,380,111
942,402
1,515,157
•1,0-^4,996
38,975
3.455.146
207,815
11,369.721
1,386,481
1,174,105
669.139
9.653
557.952
6,745.420
1,172,400
372,536
1,443.772
1,117,692
24,002.930
36,310
254,987
1,008,142
66,158
2 414,421
2,387,218
1,060.901
382,482
5,351
1,221.188
901.962
720,290
973,566
214,327
19,628
58,088
1.513,467
19,026,832
2,755,674
714,782
m wk Oct.
wk Oct.
wk Oct.
Sd wk Oct.
3d wk Oct
Central Br'oh.
Total
Mobile* Ohio.. September
Mont.&Mex.GT September
37,044
32,446
5.410
96.335
44,671
84.901
40.912
25,000
386,936
138.817
56,912
85,900
12,640
45,241
67,857
128,471
334,468
616.000
25,000
641,000
478.017
93,361
569.182
2.617
. .
PennBylvania^.
August
PeorlaDeo.&Ev 3d wk Oct.
Phlla. <fe Erie... August
Phlla.&Read... August
CoalA It. Co. August
Tot. both Co'8. August
Phll.Wllm. &B, August
Pltt8.C.C.<feSt.L. September
Pltts.Llsb.&Wn September
Pltt8.Be8.«feL.E. 3d wk Oct.
Pitts. ifeWesn.. 3d wk Oct.
Pitts. CI. <feToi. 3d wk Oct.
Pitts. Pa. & F. 3d wk Oct.
Total system 3d wk Oct,
Rioh.Fr'ksb&P. August
Rio Grande Jot. August
RloGrande So'n 3d wk Oct.
RloGr'de West. 3d wk Oct.
Sag. Tuso. & H. September
St.JoB.&Gr.L.. Ist wk Oct
St. L. Chi. & St. P. September
8t.L.Ken'et& So Septemner
St.L.&SanFran. 3d wk Oct.
S
25,045
27,133
6,394
81,636
66.199
73.252
34.511
1899.
1898.
9
1,137,116
245,292
189,763
1,498,659
395,221
3.047,591
1,082,036
249.591
190,845
1,304,218
3=>6,72S
9
383.312
2,781,425
276.761
11,906,280
9,201,004
148,651
S,.^ 64,228
3,815,498
70,104
1,173,868
6,586,461
19,589
498,585
2,278,189
2,805,054
5,083,243
887.827
1.721,148
4,370
45,356
39,175
23,454
8,397
71,026
66,737
45,371
11,123
90,000
13.361
31,664
35,483
9,300
165,562
132,900
197,118
206,013
97,804
20,979
283,424
17,725
25,625
5,560
253,671
281,492 3,056.636
123,873 5,552,697
543.8^5
55.850
76.800 3,489.100
586,279
15,732
35,703
50,674 2,210,740
113.252 3,571,910
370,216 9.368,550
580,000 21,729,551
26,00'
977.377
606,000 22.706,928
382.291 3.918,936
972,501
85,617
533,059 4,475,3rt7
15,960
2,075
4,234,062 36,736,428
78,636 3,863,272
201*256 1,879,272
235,837 9.791,806
4.715
560.736 ; 4,393,245
752.230 21,140,557
929,433
25,317
34,855
50,430
151,773 4,248,963
585,822 4.957,779
453,950 3,304,711
444,408 2,464,779
5,723,061 45.817,067
6V 9,543
17,320
461,485 3.169.523
1,909,540 15.284,654
1,659,538 16,427,584
3,569,078 31,712,238
844,327 6,780,216
1,523,786 12,997,155
34,468
4,154
26,238 1.449,346
37,605 1.566,203
820,718
21,203
343,419
8,334
67,142 2,736,007
60,65.'5
32,227
9,546
79,400
16,751
31,471
31,177
7,057
153,351
167,900
184.22e
172,815
92,905
19,100
335.901
18,926
21,182
3,454
625,060
263.104
384.766
2,215,474
4,875,518
389,525
3,177,200
5o3,563
1,728,440
3,290,001
8.972,600
20,815,714
1,053,262
21,868,976
3,145,707
1,091,852
4.344,242
30,450
33,523,041
3,039,776
1,639,503
8,766,939
4,104,045
19,632,529
776,328
4,362,852
4,201,946
3,605,830
3,072,961
42,248.667
652,543
2.714,223
13.698,284
12,542,452
26,240,736
6,373,416
11,684,769
33,689
1,074.928
1.434,690
865,858
314,943
2,620.722
581,099
242,837
372,559
2,605,029
99.138
904,806
249,326
48,794
2,963,157
106.323
1,043,962
263,090
66,527
6,001,0
4,433.099
1,350,725
5,461,807
4.168,200
1,158,208
707,653
660,683
2,546,080
238.242
218,833
21,529
637,259
605.545
2,818,280
208,179
181.337
15,911
385,80- 3,741,505
911.410
113,469
August
597,592 4.277.705
171.604
August....
27.951
159,956 1,242,729
Aufjust
August.... 1.298,340 1,307,372
August.... 1,530,314 1,216,327 10,169 953
192.65.^ 2,235,961
August
240,212
93,289 1,275,621
August. .
135,931
August
4,190,790 3,287,703
August
5.489.129 4.595,074 (7,965,101
3d wk Oct. 701.734 591,791 n,702,749
32,269
August
9,756
10,304
233,488
2d wk Oct.
10,740
20,473
3d wk Oct. 202,936 214,076 6,232,580
September
9,500
6,666
35,545 1,560.064
3d wk Oot.
42,612
817.868
22,356
21,570
3d wk Oot.
44.577 1,538,516
3d wk Oot.
39,315
August
1.980,750 1,739,966 13,032,513
3d wk Oct. 362.099 295,961 12,296,801
August
539,450 453,250 2,176383
959,658
99,220
September 109,096
193,233
July
32,406
30,734
425,463
47,067
August....
54,026
64,200 2,782,496
2d wk Oot.
75.200
31,299 1,344,377
3d wk Oot.
38.196
3d wk Oot.
16,844
15,776
47,075 d 1513323
3d wk Oct.
55,040
4,422,552
wk
110,025
3d
Oot.
128,426
73,313
July
5,781
10,734
52,430
August
6,062
8,370
3,383,914
818,668
4,143,304
204.553
1,111,539
3dwkOct.
StPaul&Dol.. September
San.Ant.&A.P August..
St.L.8outhwest.
San Fran. &N.P September
S. FePres.&Ph. 4thwk8ept
Sav.Fla.&West. August.
.
Sher.Shrev.&So. 4thwkSept
SU.8prB.O. &G. August.
80 Haven&B.. July
Co.Gal.Har.&8.A
Louis'a. West.
Morgan'sL&T.
N.Y.T. &Mex
1898.
1,971,358 1.773.608 13.348.078
1,529,534 1,379,399 10,h44.731
162,671
25,850
24.131
470,598 579,279 3,503,031
494,606 609,527 3,774,509
8,48'
11,494
91,868
39,267
33.842 l,3n.403
10 843
479,569
14,397
391,502
587,54=^
468,980 20,340.480 17,969,636
46.318
6,502
£.396
40,296
64.292
3,670
6.368
85,745
276,443 232,659 12,050,982 10,516,997
Nash.Ch.&8t.L. September
NevadaCentral August
N.Y.C.&H.R.. September 4.843,781
N.Y.Ont.&W.. 3d wk Oct.
98,308
N. Y.Susq. &W. September
233.309
Norfolk* West. <!d wk Oct. 307,129
Northes'n(Ga.). August
4.646
North'nOentrail August
630,836
North'n Paoltio. 2d wk Oot.
797.332
Ohio River
3dwk Oct.
36,0^9
Om.Kan. C.&E. August
37,595
Omaha & St. L. August
44,849
Oreg.RR.&Nav. 4th wk Aug 165,4b0
Or eg. 8h. Line.. August.
678,649
Pac. Coast Co.. August....
500.883
Paoltio Mail
August
350,684
SO. Paoiflc
Tex.&N.
Orl..
AtLiProp'tes.a
So.Pac.ofCal.
So.Pao.ofAriz.
So.Pao.ofN.M.
Paoltio system
Total of all.6
Southern Ry.c
StonyCl.&C.Mi
Texas Central..
Texas* Paciflo.
Tex.8.V.&N.W.
T01.& Ohio Cent.
Tol.P. <S)West..
Tol.8t.L.&K.C.
Union Pao. RR..
Wabash
W.Jersey&Sea'e
W.V.Cen.&Pitts
WestVa.* Pitts.
Western of Aia.
WeBt.N.Y.&Pa.
13,269.707
1,563,704
1,462,749
16,296,161
138,345
1899.
& L. Erie
Clev. C. & So.
Wheel.
Total
WlsoonsinCent.
Wrlgtttsv.&Ten.
Yark Southern.
August
August....
.
461,326
104.180
523,087
28,619
154,324
9.419,640
2,071,823
1,051,283
34,834.235
19.622,777
28,975
241,565
5,806,549
1,447,789
780,573
1,686,623
11,741,032
10,957,474
1,871,883
872,229
212,966
397.127
2,375,610
1,170,702
dl312,470
3,964,087
46,850
47,031
2,116.050
34,949
20,039,203
202,601
567.305
2,90i,620
2,442,300
1,577,963
36,804
447,230
3,655,478
o Includes earnings from ferries, etc., not given separately. 6 In
eludes the Paoiflc system and the Atlantic properties, but not the Houston A Texas Central system, c These figures include South Carolina &
Georgia after May 1 and Atlanta & Danville after September 1 In both
years, d Includes Clev. Canton & Southern from Aug. 16 only. •Figures for September are for the railroad only.
Valley and Chicago
t Includes Chesapeake & Ohio 80' western, Olilo
and Texas for both years. Results on Yazoo BranoU exol uded In
^Cov1899 but Included in 1898 until July 1.
t Mexican currency.
ers results of Jines directly operated east of Pittsburg.
October
THE CHRONICLE.
28, 1899.]
Latest Gross Earnings by Weeks.— The latest weekly earnings in the foregoing are separately summed up as follows:
For the third week of October our preliminary statement covers 55 roads and shows 11 '28 per cent increase in the
aggregate over the same week last year.
3d week of
Alabama
& Ohio Southwest..
Baflalo Rooh. APIttsb'g.
Canadian Pacific
„
Central of Georeia
&
Chesapeake
Ch OKO &
East. lUlnoia
Ohio. Great Western
Chlc.lDdlan'lis & Loulsv.
119.422
151.120
82.7e9
Paul
994,9921
26,778'
Chicago Milw.
& St.
Chlo. Tei-m. Transfer...
Olev. Lorain & Wheel'f?..
Col.
Sandusky
Denver*
38.012
20.513
&
Hook'g.
Rio Grande..
217,400'
6.475
A Indianapolis.
& Terre Haute.
Flint & Pere Marquette..
Ft. Worth & Rio Grande.
Bvanev.
Kvansv.
28,66 It
70.890>
OeorRla
Qrand Trunk
Chlo. & Grand Trunk
&M
Det. Gd. H.
Hooking Valley
Intem'l
<fe
.
..
—
L ake Erie & Western
<fe
As St.
L...
Nash
Mexican Central
Mexican National
Minneapolis & St. Lonls.
Mlnn.St. P. &S. Ste.M..
Mo. Kansas & Texas
Mo. Paoltio, Iron Mt
Central Branch
K. Y. Ontario & Western
Ohio River
Peoria Dec. & Evansv.
.
Plttsb. Bess.
&
L. Erie...
Western
Rio Grande Southern
Rio Grand 3 Western
8t. Louis (te San Fran ..
Bt. LoDis Sonthweatem..
Southern Railway
Texas & Pacitio ..
Toledo & Oliio Central...
Toledo Peoria & West'n
Toledo St. L. & Kan. Cltj'
Pittsburg
WheeUngr
& Lake
Erie...
Clevel'd Canton & So..
Wisconsin Central.......
Total (55 roads)
Met Increase (11-28
10,871
20,590
16,774
28.303
10,779
73,971
2,919
8,684
6,502
18.6J0
• •••
-
-
.... ....
582
-
4,207
7,403
12.695
36.906
19.1121
573,93?
494,620
79,363
105,330
111,270
47.861
13.761
84 901
14,397
587.545
276,443
138.817
67.857
128,471
334.468
616,000
25.000
98.308
36.089
19.589
45.356
39,429
165,562
132.900
701.734
202.936
42.612
22,356
39.315
362,09J
38,196
16,844
128,426
65,951
127,605
44,025
11.326
73,252
10.843
468,980
232,b59
123.873
50 674
113,252
370.216
580.00U
26.000
78,636
25.317
17,320
26.238
67,142
9.546
79.400
153.351
167.900
591,791
214,076
35.545
21,570
44,577
295.961
31.299
15,776
110,025
8,571.034
7.702,117
6,417
2,738
39.644
71,0 i6
11,123
90,000
<fe
.
Wabash
974
li.iii
91,000
i
>
Iowa Oentral.
Kanawtia& AClohl«;an...
lioulsv.
9
}
Gt. North'n
Louisv. Hend.
Decrease.
$
11,597
6,177
33.711
25.90?
146,839
78.958
593.000
156.811
249.883
102,643
122.817
71,"90
921,021
23.859
29,358
14,011
198,800
7.057
24,457
63.487
145.94Qi
270.4731
Ohio
Increase.
S
9
45.309
32,035
145.865
90.072
684.000
Gt. Southern...
Ann Arbor
Bait.
1898.
1899.
Oct.
16,335
3,836
2,43ft
ll.e49
3,554
118.565
43,784
14,944
17.183
15,219
35,748
36.000
1,000
19.672
10.772
2,269
19.118
3.8S4
1.577
10,600
12,211
109.943
•
>•
**
mm
5,262
66,i38
6,897
1,069
18,401
994,934
868,917
p. o.).
128,067
For the second week of October our final statement covers
69 roads, and shows 9 99 per cent increase in the aggregate
over the same week last year.
2d week
PMVionsly rep'd (55 r'dsi
North.
Burl. Ced. Rap.
ChloaKO & West Miohlsran
<fe
Clev, Cin. Chic.
<% St.
L..
Det. Gd. Rapids & West.
Dulnth 80. Shore & Ati..
Fla. Cent. & Penin
Ft. Worth & Den. City...
Kan. City Ft. 8. <StMem..
Kan. C. Mem. <fe Birm
Kansas Cit.v & Omaha...
Louisville Heud. <te St. L.
Northern Pacitio.
Texas Central
... ......
West N. Y. & Penn
(9
99
$
S
8,771,397
123,343
48.811
349,574
32,771
54.635
48,058
37,535
116.661
37,044
5,410
14,725
797.332
10.7 40
75,200
7,935.162
llb,569
42,713
305.819
30.011
33.497
48,562
40.907
86,140
25.045
6,394
9.978
Ificrease.
$
888,957
6,774
6,098
43,755
2,730
21.138
9
102,722
•••
---
3,372
30.524
11,999
••*
•
•
>>•• ---
934
4,747
45,102
9,733
117,315
—
Net Earnings Monthly to Latest Dates. The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these column 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 November 18, 1899.
,'
<
Companies.
iUabamaGt.So'ch.a.Sept
Jan. 1 to Sept. 30
Oross Earnings.
1898,
1899.
$
$
181,884
151,305
1,405.752 1,272,013
509,252
435,544
JulyltoSept. 30...
Alabama Midl'nd.b. A.ug
61.257
75,784
534,434
550,549
Jan. 1 to Aug. 31
133,927
143.760
July 1 to Aug. 31...
Allegheny Valley. b.Sept,
291.815
237.976
Jan. 1 to Sept. 30..., 2,342,886 1,970,354
Atoh.Top, & 8. Fe. b.Sept. 3,936.310 3.425,582
30.155.193 27,985,026
Jan. 1 to Sept. 30
Julyl to Sept, 30.... 10,729,327 9,196,638
Blnghamtoa Gas
Sept
.
.
.
.
May
1 to Sept. 30...,
Brunswick AWesi.b Aug
Jan. 1 to Aug. 31
July 1 to Aug. 31...
.
54,626
427,820
117,273
46,644
400.101
101,860
.
Net Earnings.
1898.
1899.
$
$
50,145
60.504
346,41»
407,498
165,890
141.49J
18,656
10,837
100.501
73,0,>7
27,605
27,440
115,114
95.206
814,767
843,985
11,546,050 11,056,163
10.231,763 6,498,793
13,714,227 12,018,416
2,002
2,712
7,311
10.370
9,478
19,017
95.750
130.528
26,693
40,905
.
A Pittbs. b.Sept.
Gross Earnings.
1899.
1898.
9
409.693
9
338.230
Jan. 1 to Sept 30
2.884,623
July 1 to Sept. 30.... 1,088,135
Bufialo A Susqueh.aSept.
83.820
566,S^85
Jan. 1 to Sept. 30
Julyl to Sept. 30...
214,392
552,964
Cent, of Georgia. a. .Sept.
Jan. 1 to Sept. ao.... 4.029,755
JulyltoSept. 30.... 1,416.113
Sept.
67,853
Central NewEng
529,290
Jan. 1 to Sept. 30
Julyl to Sept. 30...
189.438
36.619
Char. <& Savannab.bAug.
476.518
Jan. 1 to Aug. 31
July 1 to Aug. 31
81,297
442.626
Chlo. & East. ni.b..8ept.
3.494,266
Jan. 1 to Sept. 30
Julyl to Sept. 30
1,276,692
Oonsol. GasCo.. N.J.Pept.
Jan. 1 to Sept. 30 ...
Denver Gas & Elec Sept.
Mar. 1 to Sept. 30...
Sept.
Detroit City Gas
Jan. 1 to Sept. 30
Erle.a
Sept. 3,410,696
Jan. 1 to Scot. 30... 26.738.909
Julyl to Sept. 30. ...10,292,316
Flndlay Ft.W.A W.b, Aug.
13,912
Sept.
Oeorgla.a
143,490
Jan. 1 to Sept, 30..., 1,156,463
Julyl to Sept. 30 ..
380,559
133,305
Ga. A Alabama. a.. Sept.
913.769
Jan. 1 to Sept. 30
Julyl to Sept. 30....
329,949
93,-575
(3a. South. & Fla.a.Sept.
Jan. 1 to Sept. 30....
742,045
Julyl to Sept. 30....
274,310
9d. Rap. Gas-L. Co Sept.
Jan. 1 to Sept. 30
Hocking Valley. a. -Sept.
345,500
Julyl to Sept. 30....
996,845
Jackson Gas-L. Co.. Sept.
Jan. Ito Sept. 30....
to Sept. 30....
Hen.& St.L. b.Sept.
Jan. 1 to Sept. 30
Julyl to Sept. 30
Madison Gas «fe Elec.Sept.
Jan. 1 to Sent. 30
Apr. 1 to Se t. 30
.
,
Net Barmngs.1899.
1898.
162,750
116,865
1,013.917
360,420
21,243
165,952
63,152
158,033
1,118.089
420.060
20,333
130,380
52,783
«
2,832,492 1,062,121
1,026,244
407.527
83,583
46,042
468.937
242,823
200,133
109,616
458,224
214,966
3,788,915 1,086,374
1,324,861
457,847
55,462
13.853
465,400
129,364
160.768
34,162
37.562 def.3,009 def.3.289
473,410
102.8^3
135,681
2,576
86,858
2,372
396,277
208,324
186,909
3,095,760 1,588.757 1.291,881
1.036,637
610,012
488,075
12.652
10.748
52,349
43,428
35,801
28,313
193,945
167,884
25,901
22,121
270,894
204,678
999,148
938,060
2,954,928
24,002,930 6,679,739 5,-75,810
8,503,032 3,088,032 2,588,651
4,296
9,894
3,399
141,563
59.667
50,150
219,537
1,038.705
338.523
110,597
365,429
84,160
112,051
61.869
35,505
901,962
217,506
223,045
308,559
112,054
85,776
76,340
26,548
21,283
720,290
183.269
205.645
238,073
79,285
70,296
15,390
11,987
109,834
92,219
138,316
241,688
85,760
665,687
395,638
215,652
2,592
2,439
18,990
17,754
14,142
13,127
84,079
75,047
689,777
645,734
22,803
56,552
43,723
13,102
438,004
138,076
359,220
80,607
61,232
164,039
124,777
31,577
3,ti05
3,498
33.697
32,120
18.551
18,774
New York Central—
July 1 to Sept. 30. ...14,134.398 11,761,899 5,712,820 4,520,445
Jan. 1 to Sept. 30. ...36,736,426 33,523,041 13,883,338 11,7531227
N Y. Ont. A West.a.Sept.
152,296
459,519
353,630
103.064
Jan. 1 to Sept. 30.... 3,586,430 2,821.433" 1,220,037
748,813
Julyl to Sept. 30 ... 1,385,912 1,089,379
511,144
337.294
N. Y. Bus. & West.a.Sept.
117,126
233.303
201,256
105,239
Jan. 1 to Sept. 30
1.879,272 1,639,503
774,490
733,303
Julyl to Sept. 30
568,551
326.355
690,058
283,082
Northeastern of Ga.Aug.
def.47
4,646
4,715
909
Pacific Coast Co. a.. Aug.
176,.502
500,883
453,950
115,377
Jan. 1 to Aug. 31 ... 3.304,711 3,605.830
889.510
845,887
Deo. 1 to Aug. 31.... 3,663,148 3,955.687
956,265
919,339
Peoria Dec. <S Ev.b.Aug.
92,124
82.524
19,142
7.454
Jan. 1 to Aug. 31
562,313
83,540
527,184
60,962
Pitte. C. C. & St.L.a Sept. 1.721,148 1,523,786
600,841
666,683
Jan. 1 to .Sept 30. ...12,997,155 11,684,769 3,404,868 3,135.886
8t. Joseph Gas L. Co. Sept.
......
6,058
5,272
Jan, 1 to Sept. 30
42,885
49,695
;
July 1 to Sept. 30
14,593
13.299
9C. Louis &8an Ir.b.Sspt.
754.880
362.405
285.529
627,995
Jan. 1 to Sept. 30... 5,499,9ol 5,003,517 2,206,770 1,930,206
July 1 to Sept. 30
634,542
871.754
2,017,788 1,726,796
23,567
8t. PaulGas-Lt. Co.. Sept.
24,036
190,709
Jan. 1 to Sept. 30 ...
195.957
8av. Fla. AWesE.b.Aug.
43,355
81,186
283,424
335,901
855.369
Jan. Ito Aug. 31
615,716
2,54^;.080 2,818,280
245,742
July 1 to Aug. 31
109.714
605,737
756,967
11,710
15,785
811v.t?p.Ocala AG b. Aug
25,625
21,182
107,253
Jan. 1 to Aug. 31 ...
138,892
181,336
218,333
29.077
July Ito Aug, 31....
37,958
48,895
57,298
855.320
985,712
SoDthern Rallw'y.a.Seot. 2,674.595 2,437,503
Jan. 1 to Sept. 30. ."..19,710,850 17.876,521 6,013,825 5,221,613
July ItoSept. 30.... 7,389,120 6,677,664 2,425,563 2,026,843
6,696
7,417
itony Cl.&C. M..b.Aug.
9,756
10,304
14,937
11,939
Jan. 1 to Aug. 31....
28,975
32,269
14,303
13,068
July Ito Aug 31....
19,181
21.036
2,932
6,831
19,331
Texas ^.entral.a....Aug.
25.734
32,091
39,045
167,299
J*n. Ito Aug. 31...,
176,064
369,253
468,811
Wabash. b
Sept. 1,497,840 1.288,639
Jan. Ito Sept. 30. ...11,225,750 10.045,523 3,117,474 2,678.122
July 1 to Sept. 30.... 4,233,980 3,651,143 1,210,544 1.008,452
Western Gas Co.—
41,892
41,765
Milw'ee Gas-L. Co. Sept.
........
......>.
350,641
334,787
Jan. 1 to Sept, 30
Wheel. & Lake Erie., Aug.
171,311
Julyl to Aug. 31...,
321,609
Clev. Canton A South.—
Aug. 14 to 31
45,736
*91,699
Total
Aug. *217,047
•145,768
July 1 to Ausf. 31.... *367,345
262.078
235,755
486,784
Wisconsin Central Sept.
558,709
602,077
715,685
Jul y I to Sept. 30..., 1.617,850 1,358,005
a Net earnings here given are after deducting taxes.
b Net earnings here given a'-e before deducting taxes.
" The.se figures iaclude Cleveland Cantou <fe 8o. from Aug. 14 ouly.
t For Sept., 1899, taxes and rentals amounted to $143,930, against
$139,329, and from July 1 to Sept 30, $429,677, agaiust $430,597,
after deducting which net for Sept., 1899, -was $1,402,100, against
$916,834. From July 1 to Sept. 30, 1899, net after deducting taxes
.
'ii,oo6
9,567,730 1,072,824
955,539
o.o.^..
Decrease.
504
752,230
20.473
64,200
10,523,239
Total (69 roads)
Wet Increase
1898.
1899.
of October.
Bufl. R.
Louis.
7.067
786
Companies.
Mar. 1
11,140
•—
,
Laclede Gas-L. Co... Sept,
Jan. 1 to Sept. 30
35,000
.---
899
. .
and
rentals, is $3,284,550, against $1,587,319.
Interest Charges and Surplus.— 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
THE CHKONICLR
900
-
Int., rentals, die.
1899.
—
^Bat. of Net Eamt.~
1899.
1898.
*86,147
•294,416
71,190
194,578
246,975
1,001,^98
*134,331
*327,351
*e6,?20
*166.984
1898.
Roaas.
CUo.
& E.
127,228
126.396
383,226
382,022
Erooklns: Valley..., ..Sept.
67,126
July 1 to Sept. 30....
201,110
PlttB. O. C. & St. L. Sept.
353,866
229,245
Jan. 1 to Sept. 30... 2,403,070 2,465,928
Wisconsin Central ..Sept.
129,1.'57
147.367
July 1 to Sept. 30...,
391,433
383,100
* After allowing for other income received.
NORTHERN PACIFIC
Illinois. .Sept.
July 1 to Sept. 30....
.
Sept.,'99.
437,438
689,958
*101,986
*255,789
July 1 to
Sept., '98. Sept.-30,'99.
July 1
$
$
Gross earnings
Operaiing expenses
2,804,779
1,085,373
8,071,015
3,680,638
e,902,053
3,048,037
Net earnings
l.>=65,205
1.719,406
Net operating income. 1,563,151
Net income—
Main system
Proprietary lines
4,390.377 3,854,016
969,866
701,999
300,862
1,418,544
3,420,511
3,152,017
28,572
12,711
71,364
25,859
1,591,723
44,239
1,431,255
51,866
3,491,875
87,087
3,177,876
127.059
Miscellai eous iEcome, not
including land sales
November
18, 1899.
—
Blnghamton
Jan.
$
Ry. Sept.
1,635,962
1,483,121
3,578.962
STBEET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all steeet railways from which we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including sucb
latest week or month.
—
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Qroaa Earnings.
Gross
Week or Ho
Earninos.
1899.
$
September 61,714
August
5,502
Power. August
47.002
Albany Railway
Amsterdam St. Ry.
Atlanta Ry.
Augusta
&
(Qa.)
Cities Consol...
August...
July
Blnghamton
15,679
9,407
14.760
St. Ry.
September
Bridgeport Traction September 33.6i»3
Br'klyn Rap. Tr. Co.Brooklyn Heights.. September 556,891
Brooklyn Elev.t
September 182,681
Nassau Electric
September 193.740
Total
September 933,312
Chicago & Mil. Elec. September al3,835
Clilcago Union Tract. September 633,253
12.633
Cln. & Miami Val..
May
Cln. Newp. & Gov.... September 62,783
2,377
City Elec. (Rome.Ga.) September
Cleveland Electric. June
{83,387
Oleve. Painsv. & E.
September 12.197
Col. Sp'gs Rap.Trans. September 20,0d8
Columbus St. Ry. (O.j September 74 980
Denver City Tram.
Sept
b 129,344
Dfttroit Citl'ns' St.Ry IstwkJuly 36,992
Detroit Eleo. Ry
9,065
IstwkJuly
Detroit Ft. Wayne <&
BeUelsie
4,778
IstwkJuly
Duluth St.Ry
September 19,769
Easton Coneol. Elec. September 27,561
Erie Electric Motor.. September 15,511
Harrisburg Traction September 23,588
.
.
Herkimer Mohawk
1899.
1898.
523,904
38,716
306,127
473823
5,201
14,549
9,916
13.154
32,987
49,589
125,244
274,265
48,625
122,481
270,491
535,330
144," 32
206,159
886,021
a3,645
605,899
11,097
80.395
35,755
1,90-
49,219
527,193
20,2«0
819,580
37,984
513,532
17,902
830,911
141,738
10,945
14,976
61.778
93,328
26,148
7,487
9^107
80 093
575,696
568,365
651,869
215,596
5'80',i22
3,739
17,254
100,321
168,269
91,417
154,313
201,174
163,369
485.477
48.958
121,714
12,193
41,100
48,781
133.736
4.402
33,070
9,028
69,355
32,972
5,948
45,982
55,834
3,769
30,292
8,941
66,830
31,819
6,854
45,902
55.806
2,189
,16,011
4,900
28,763
19,242
2,737
16.918
18,484
2,008
14,395
5.073
30,358
19,256
3,390
18,443
20,566
20,450
215,880
208,182
1,845,979
1,596,447
8,8F0
144,451
994,498
124,919
843,431
July 1 to Sept. 30....
Tlion.
Lorain & Cleve
Los Angeles Tract...
Mass. Elec. Co.'a ..
Mllw. Elec. Ry. & Lt.
Montreal Street Ry..
Muscatine St. Ry
September
September
August
September
September
Juy
September
July
August. . .
April
September
September
Newburg St. Ry
September
Wew London St. Ry. September
New Orleans City ... September
Newport News & Old
Pt. Ry. &Elec
September
Northern Ohio Tract. SeptKmber
Ogdensburg St. Ry.. Septeml)er
Pftterson Ry...
August
Richmond Traction.. August....
Roxb'hCh.H.&Nor'L May
flohaylklU Val. Trac
Boranton Railway...
September
August
Staten Island Elec. August....
Syracuse Rap. Tr, Ry August
Toledo Traction
July
Toronto Ry
Twin City Rap. Tran
Union (N. Bedford)..
United P. ATransp..
September
September
June
September
U'td Rys.Kleo.(Balt.) April
United Tract. (Pitts.) August....
United Tract. (Prov., August
Unit. Trao. (Reading)
Wakefield & Stone....
Sewburg Electric.
Sept.
Jan. 1 to Sept. 30....
July 1 to Sept. 30...
New London St. Ry.Sept.
Jan. 1 to Sept. 30....
Oct. 1 to Sept. 30 ..
Newport News & Old Pt.
&Eleo
Sept.
City Rap.Tr.b.Sept.
Jan. 1 to Sept. 30....
Ky.
Twin
Interest Charges and Surplus.— The following Street
railways, in addition to their gross and net earnings given In
the foregoing, also report charges for interest, &o., with the
surplus or deficit above or below those charges.
Int., rentals,
<
Roads.
Cin. Newp. & Cov.. Sept.
Jan.ltoSept. 30....
Easton ons. Elect Sept.
July 1 to Sept. 30....
Newport yews <& Old Pt.
Ry. &Eleo
Sept.
oi Net Earn's.-.
18S9.
1898.
$
$
$
76,806
201,786
$
39,247
155,133
10.556
92,431
4.749
18,651
3,585
68,719
608,059
Jan. 1 to Sept. 30....
.
1898.
11,898
111,138
7.449
22.449
rwln City Rapid Tr.Sept.
etc.— ^Bal.
1899.
65,197
587.470
5,305
75.732
3t 6,439
59,722
255,961
ANNUAL REPORTS.
—
Annual Reports. The following is an index to all annual
rtports of steam railroads, street railways and miscellaneotis
ocmpanies which have been published eince the last editions
of the Investors'
and Street Railway Supplements.
This index does not include reports in to-day's Chronicle.
Railroads & Miscell. Companies. Railroads & Miscell. Co. 's— (Con.
Vnlit/me 69
Page.
Volume 69—
Pagf.
Americaa Ice. .official statement.
793 Manhattan Elevated) Ry
382
Ann Arbor
693 Mez. Cent. Ry .Lim.6 mo.'s state.
382
.S31
Atch. Topeka & Santa Fe..380, 641, 648 Mex. Cuern & PsicoMcial state.
Bay State Gas
694 Mex. Nat. Ry. Depositary Co ...
326
Boston & Albany
382 Missouri Kan^^as & Texas
382, t4A
2hi Mobile & Ohio
Boston Electric Light
332, 848, 855
Boston & Albany
643 Nashville Chat. & St. Louis
540, 793
Boston Gas Cos
694 N. Y. Cent. & Hud. Riv. RR. .488, 495
Boston & Maine
382.642 New York New Haven & Hart..644. 742
Buffalo Roch. & Pitts
488, 4H9 New York Ontario & West.331, 590, 603
236 N. V. Susq. & Western
Calumet & Hecla Mining
489
Central of Georaia
793, 849 Norfolk & Western
280,539, 546
Chesapeake & Ohio
331, 337 Northern Pacific
641, 691, 698
382
Chlcatto Burl. & Quincy....2S0, 741, 746 Oregrn RR. & Navigation
Chicago & Eastern Illinois
28; 489 Oregon Short Line
848
(
.
,
!
12,-.95
,
39,393
236,54V
217.503
September
May
4,402
3.769
18,814
33,070
159,173
30,292
18541
146.9. 4
15,583
6,444
17,243
9,620
3,817
13,439
6.839
15,956
116,608
53.006
103,782
54,2^2
8.761
79,242
35.839
39.716
72.032
92,771
7i',888
4,463
n.056 10.809
.
,
31,431
58.223
54.751
58,2
8,972
8,191
15,76j
9,7 33
557,632 524.765
536*248
150,263 134,407
662^447
14b. 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
45.982
6,584
45 902
103,633 97.882 1,020.933
993,590
20,450
33.4U2 29,028
2,643
2,405
17,335
15,182
38.820 36,519 271,229 245.95C
15,350 13,139
10,729
8.892
36,855
34,151
7,097
6.456
53,368
48,985
247,r.54
36,936 34.213 263,811
24,995 28,845 140.820 141,705
38.577 34,808
99,030 85,055
137,621 138,021
245,880 ^08,182 1,845,979 1,596,447
20,413 15,782 100,599
87,268
202,987 17tj,002
341,34( 313.038
150,981 131.089 1.096,507 999,996
198,160 177,064 1,316 534 1.163.400
21.227 17,279 166,802
148,629
5,204
4,861
19,531
19.157
These flgures include results on Bridge Division.
Stiike iu July. 1899.
Strike in June. 1899, from 10th to 25th.
o Figures for Sept., 1898, cover line from Waukegan to Highland
Park only; those for 1899 cover entire line fromEvaurttonto Waukegan.
6 Increase is ascribed in great part to the "Festival of Mountain
Plain." which fell in September this year, but iu October in 1898.
t
Frank. El. Ry. Sept.
Jan. 1 to Sept. 30....
.
Interstate Consol. oi
North Attleboro . .
Kingston City Ry
KnoxvUle Traction..
Lehigh Traction
Lima Railway (Ohio)
London St. Ry.(Can.)
*
$
$
If 3,932
471,449
27,561
87,006
'
4,644,959 4,424,585
1,587,444 1,172,179
1,586,16^ 1,673,533
7,818,567 7,270,297
$
5.667
53.154
49,803
247,614
6,102
37,463
Easton Cons.Elec... Sept.
9
56,724
I)
lon&F'kfortEl. Ry September
Houston Elec St. Ry. September
i
1898.
Ry &
Eleo
Bay
Jan. 1 toLatest Da te.
1899.
5,719
44,621
38.704
312,924
4,725
33,700
Jan. 1 to Sept. 30...,
Clev. Painesv. & E.Sept.
Jan lto|Sept. 30 ...
Dry Dock E. B. & Bat.b—
July 1 to Sept, 30....
Jan. 1 to Sept. 30....
3.304.935
—
Net Earnings.
1898.
.
13,154
122.481
80.395
513,532
10,P45
80,093
30
Ctn. Newp. &Cov... Sept.
Herkimer Mohawk
»
14,760
125,244
62,783
527,193
12,197
92,107
St.
I to Seiit.
&
Total
—
Gross Earnings.
1899.
1898.
Roads.
to
Sept.30;98
$
302,054
street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings received
this week.
In reporting these net earnings for the street railways, we adopt the same plan as that for the steam roads—
that Is, we print each week all the returns received that
week, but once a month (on the third or the fourth Saturday,
we bring together all the roads furnishing returns, and the
latest statement of this kind will be found in the Chroniolk
)f October 21, 1899.
The next will appear in the issue of
.
$
3,152,267
1,287,062
Taxes,rental8,bet'ni'ts,&c.
[Vol. LXIX.
Chicago Edison
Chicago Gt. Western
Chic. Ind.
&
Pullman's Palace Car
227
Louisville
792, 798
840
Steei.offic'l state.
Republic Iron &
490
Rio GrandP Southern
396
Louis Breweries, Lim
Louis & San Francisco. 280, 792, 803
743,
'93
Southwestern
Louis
Santa Fe Pre?. & Phoenli.281, 538, 551
Southern Railway
381, 889
'44
Standard Kope & Twine
38S
Staten Island Rapid Transit
443 Toledo* Ohio Central
331
693
538,544
Chic. Mil. &St. Paul
27P, 287
Chicago & North Western
Chicago Terminal Transfer. .692, 702
Cleveland Cin.Ctiic.& tit. Louis. 590, 60u
Col. Fuel & Iron
540
540
Col. & Hock. Coal & Iron
38". 439, 447
Denver & Rio (Jrande
850
Electric Vehicle
S months.
.
.
43 S,
Erie
BvansvlUe & Terre Haute
589,
Fltchburg
439,
Frank Jones Brewing Co., L'td..
Glucose Sugar Refining
Great Northern
Hawaiian Com. & Sugar Co
Hocking Valley
i months.
Iniernational Paper
Illinois Central
589,
Iowa Central
382,
Kan. City Ft. Scott & Memphis..
Kan. aty Memph.& Birmingh..
Long Island
Louisville & Nashville
5HU, 642,
331,741,
850
Reading Company
488, 501, 539
St.
St.
St.
6^3 Texas Central
644
693 Ulster& Delaware
382
227 Wabash
538, 649
382
541 Wagner Palace Car
382,848,857
848 Western N. v. & Penn
7 94
2f'l
est ern Union Telegraph
848 Westlnghouse Elec. & Mfg.. Bal694
Z81
ance Sliett of Julu 31
694
849
Street Railways.
Page.
281
Volume t9—
439, 450
281 Brooklyn Rapid Transit
640
653 Metrop. St. Ry. ( Kan. City. Mo.).
643
754 Union Traction (Phila.. Pa.) ....
!
W
Rio Grande Western Railway.
(Report for the year ending June 30, 1899.)
We publish on pages 910 and 911 the President's remarks
from the annual report for 1898-99. Below is a comparative
statement for four years of operations, earning, charges, etc.
operations and fiscal RK8DLT8.
Miles oper June 30.
Operations —
1898-99.
1897-98.
1896-97.
1895-96
596
582
561
529
261,814
27.542,589
1-74 ots.
2 02 cts.
736.621
727.611
Total tons carried..
1,102,191
1,093,935
Fr'gUt (tons) mile. 194 911,609 208,766,b92 123,360,048 124,809,535
1-41
1-456
cts.
1-219 cts.
cts.
Av. rate p. ton p. m. 1-276 ots.
350,051
Passenger mileage. 36.974,587
Rate per pass. p. na. 1-90 ots.
Pass, carried, No...
262,114
307,654
38,128,379 24.831,737
2-12 ots.
October
THE CHRONICLE.
28, 1899.J
Earnings—
Passenger
1898-99.
1897-98.
1896-97.
1895-96.
$
$
$
525,410
$
555,194
1,795,924
147,170
1,760,829
141,336
Mail, express, etc..
161,744
663,081
2,-45,190
154,017
Tot^l gross earn.
Oper. expenses
Maint. of way. etc.
Matnt. of equipme't.
3,352,988
3,362,283
2,468,504
2,457,359
473,235
291,151
474,112
Transportati'n exp.
l,141.57i
Contingent
Gen., taxes & insur..
29,092
260,816
1,209,143
29,591
242,150
389,286
172,147
857,704
69,607
221,145
321,283
194,609
856,527
12,044
203,237
705,008
2.48h,236
Freight
224,5.'i3
901
Toledo
& Ohio
Central Railway.
^Report for the year ending June
30, 1S99.J
President Stevenson Burke says in substance:
General Results. —The increase of more than 13 p. c. in train
load [from 275'2 tons in 1897-98 to 313'7 in 1898-99] is due to
use of heavier engines and increased capacity of cars. [The
average earnings per freight train per mile were $1-3713
The track, bridges and equipagainst 51 "SSo in 1897 98.]
ment have been maintained
in
We have
good order.
been
passing through a period of depression, which has proved
1,587,700 very trying to most of the coal-carrying roads of the country.
2,179,549
1,709,889
2,195,865
l»^Total
869,659
758,615
1,182.739
Net earnings
1,157,123
Your property has passed through this period with its prop(64-61)
(69-27)
(64-82)
(65*49)
P.O. op. exp. to earn.
87,530 erty maintained in good condition, and there is very much
102,277
83,179
144,280
NetofTlnticRy.etc.
encouragement for the future, as, since the close of the fiscal
957,189 year, quite large gains have been made in both the gross and
860,892
Total income ...
1,301,403
1,265,918
Disbursements—
101,080 net earnings of the company.
115,859
110,079
Rentals paid
183,849
Michigan, its
When we took possession of the Kanawha
608,000
608,000
608,000
Interest on bonds
610,83
6,671 line was completed only to Charleston, West Va.
5,662
2,770
Miscellaneous
19,876
Since then,
324,778
D ividends on pref
334,810
it has been extended to a connection with the Chesapeake
715.751 Ohio at Gauley River, and the entire line has been very much
729,521
1,045,627
1,149.368
Total
241,438 improved, track has been ballasted, trestles filled, and the
131,371
a220,291
al52,035
Surplus
a From surplus paid on common stoch in Sept., 1898. 2 p. c. ($200,- road at many points protected from the encroachm9nts of the
000) and in Sept., 1899, 1 p. c. ($100,000), both in preferred stock
All circumstances considered, both
river, by riprapping.
CONDENSED BALANCE SHEET JUNE 30.
properties are in a very satisfactory condition.
1897.
1898.
1899.
Tonnage. Of the tonnage carried in 1898-99 bituminous
Assets—
$
$
$
coal
contributed 64 percent, viz.: 1,557,510 tons, agiinst
29,270,fi59 28,782,921 28,630,586
Road and equipment
Lumber, the
3 396,728 1,322,065 in 1897-98 and 1,633,357 in 1892-93.
3,399,474
3,404,522
Stocks and bonds owned
800,000 *1,050,000 next item in importance, afforded 131,694 tons, and grain
Company's bonds & stock in treas. 2,500.000
&
:<
. .
&
-
—
Fund
for equipment, extens, etc.
Bills receivable
Cash
Due from agents, individuals,
etc.
Materials, etc
Miscellaneous
Total
LiabilUies—
Common stock
8 45,174
57,923 tons.
143,536
1,240,588
300,593
258,292
9,687
499,190
248,545
166,764
37,973,052
33,905,493
8,599
10,000,000
6,500,000
16,000,000
10,0''0.000
6.700.000
19,200,000
Bmds (see Sdpplement)
845,174
Fund for equipment, extens, etc-.
Dividend payable in pref slock
Dividends
83,711
335,034
Vouchers, pay-rolls, etc
62,776
Due other road- and individuals.
335,^95
Interestdue and accrued
Taxes
52.590
Bills and notes for equipment
40,879
Miscellaneous
144,049
Profit and loss, balance
173,444
Preferred stock
113,689
303,186
22,225
319,334
53,500
226,719
97,661
269,180
.
33,905,193
37,973,052
Includes $2 50,000 preferred stock for dividend.—V. 69,
Minneapolis
&
St.
Mainttnance of Way,—T\xQ material used includes: Steel
new, 1,689 tons; do, old, 1,127 tons; ties, 52,796.
Following are comparative tables for four years
Statistics,
OPERATIONS, EARNINGS AND EXPENSES.
rails,
—
33,713,096
10,000,000
6.500.000
16,000,0u0
250,000
-
Total
358,411
122,590
154,7 78
.----.
346,551
21.049
312.431
51,000
1898-9.
Miles oper.
June
371
30.
371
1895-6.
371
622,781
636,467
No. of pass, carried
615,945
708,451
No.of pass, car'd 1 m. 19,959.330 19,161,467 17,869,830 19,115.118
1-954
-840
1-852
1
cts.
ots.
cts.
2015 cts.
Rate per pass, per m
Tons moved
2,127,484
2,139,167
2.432,906
2.263.578
Tons moved 1 mile.. 310.759,849 273,244,489 264,772.678 276.500,217
0-478
0-467
0-522
0-438
per
cts.
Rate
ton per
cts.
cts.
ots.
.
m
Earnings —
Passenger
.
,
Freight
Mail, exp's & misoel
Gross earns, from op.
33,713,096
Expenses—
Way and structures.
Main, of equipment.
Transportation
General
Louis Railroad.
1896-7.
8.
Operations—
183,353
48,708
p. 696.
1897
371
Taxes
June 30, 1899. J
Oper.exp.&taxes.
Oa pages 911 to 913 of to-daj's Chronicle are published in Net earnings
full from the annual report President Hawley's remarks, and
P.O. of op. ex. to earn.
$
$
$
$
367,191
l,3b2,416
168,260
354,828
1,275,499
149,287
349,101
1,266,360
135,518
1,443.463
115.790
1,897,867
1,779,614
1,750,979
1,944,503
247.303
228.719
769,895
50,536
88,823
236,638
200,340
757,999
50,719
78,766
286,708
189,045
756,793
52,729
78,127
296,439
216,590
755,230
58,398
72,000
1,385,276
1,324,462
1,363,402
1,398,657
512,591
455,152
387,577
385,250
("For the year ending
in addition
sheet, etc.
the principal
tables
—
traflfic,
l^The comparative statements of earnings,
income, balance
etc.,
compiled for
the Chronicle are as follows:
EARNINGS AND EXPENSES.
189^-99.
Earnings from—
Passengers
Freight
Mail, exp. Amiscell..
Total
Expenses
Maintof way, etc...
"
" equipment.
Conduct'g transport
General
—
Taxes
Total
Net earnings....
Other iucome
Total
1897-98
1896-97.
$
412.085
1895-96.
$
$
494,031
1,860,258
145,715
457,480
1,650, 08
138,593
1,469,070
125,350
405,605
1,500,379
122,316
2,500,004
2,246,581
2,006,505
2,028,W0
460,655
235,785
621,282
120,283
84,700
398,293
212,132
580,402
104,795
72,294
270,819
169,273
510,013
151.610
67,411
275,122
188,597
515,995
157.099
66,737
1,522,705
977,299
196,-97
1,367,916
878,665
167.865
1,199,1-38
1,203,552
824,748
1.173.896
1,046,530
962,612
968,796
55,694
659,540
55,162
580,540
56,476
580,540
294,583
265,000
55,354
580,540
2,h30
245,000
883,824
882,016
sur.78,788
8ur.86,780
807,377
155,235
144 048
Deduct—
Rentals
Int.paidduringyear
Mi8oelld,neous
Dividends
Total
Balance
1,009,817
900,702
8ur.l64,079 8ur.l45,828
BALANCE SHEET JUNE
1899.
AsSBtS^
$
Road and equip
25,291,545
2,739,096
89.000
Companies (felndiv'ds
16,798
Agents & conductors.
63,643
17,477
U.S. P.O. Depart....
482,000
Comp'ysbds. in treas.
suppl's
Materials and
167,981
269,777
Cash
MlsceUaneous
32,781
Construction acc'ts.
Investments
Total
29,170,099
Liabilties—
Stock (see 1.nv.Supp.)10,000,00 )
30.
1898.
1897.
$
$
22,124,186 21,983,704
347,000
2 ?,390
346,500
11,222
51,250
17,713
282,000
150,818
99,348
40,796
23,318,802
22,983,350
52,896
17,811
282,000
184,219
283,300
12,500,000 12,500,000
Bonds(3eelNV.SUPP.) 17,800 000 10,000,000 10,000,000
Audited vouchers
329.501
198,399
56,365
Acor'd inter.on"bonds
187.186
83,lH6
83,186
Taxes
52,4w6
47,192
44,«73
Audited pay-rolls
84,507
7:^,281
71,755
Miscell. accounts....
245.911
104.041
54,101
Income account
470,567
306,702
173,069
Total
-V. 69, p. 744.
.29,170,099
23,318,802
215,000
22,983,350
1896.
$
22,005,860
78,500
216,562
50.728
17,669
282,000
18^,491
100,947
28,968
(72-99)
Other income
Total
Deduct—
Interest on bonds.
Int. on car trusts..
Dividends
(74-42)
(77-86)
545,845
(71-92)
24,854
10,255
8,208
9,531
537,445
465,407
395,7s5
555,376
0,000
20,350
350,000
14,318
38,783
'2i',452
350,000
19,790
46,350
19,557
349,170
28,135
185,400
20,257
S.'i
Miscellaneous
Total.
409.133
385,770
435,697
582,962
Balance..
8ur.l28,312
8ur.79,637
def.3D,912
def.27,586
BALANCE SHEET JUNE
1899.
Assets—
$
Costofroad& equip. 14,868,413
Bills&accts. rec.,&c.
Oth. perm inv es'ts
.
.
Supplies
Cash
Cash with Trust Co.
Stock
,
common
btock, preferred
Bonds(seelNV.8CPP.)
Car trusts
Bills and accts. payable, wages, etc...
Int. coup., div., etc.
Income account
Total
— V.
liabilities..
$
1897.
$
1896.
$
3,401,139
83.939
10,543
15,108,562
441,769
3,404,229
92,776
9,783
15,085,113
476,677
3,399,971
75.696
8,998
15,078,684
498,980
3,400,978
107,171
8,552
79,593
79,045
79,173
21,947
18,832,766
19,136,165
19,125,628
19,116,312
6,500,000
3,708,000
7,000,000
383,152
6, =100.000
3.708,000
7,000.000
186,775
6,5C0,000
3.708,000
7,000,000
261,640
6,500,000
3,708,000
7,000,000
363,206
1,024,268
13 ,073
79,273
1,046,670
131.921
562,799
9.16,021
154,502
505,453
835.127
121,726
588,251
18,832,766
19,136,165
19,125,628
19,116,312
389,139
for div., etc
Total assetB
Liobilities—
30.
1898.
69, p. 331.
Oregon Railroad & Navigation.
fFor the year ending Jane 30, 1S99.J
The annual report, signed by President A. L. Mohler and
Chairman of the Board William L. Bull, says in part:
General Results
The improvements made have been
justified by the still further increase in the tons moved per
train mile and freedom from accident; the average tons moved
per train mile for this fiscal year being 363 3, as compared with
22,963,726 245-7 for the year 1898 and 188 4 for the year 1S97. The mining
continue to show marked
12,500,000 interests in the Baker District
In the Coeur d'Alene District, owing to dis10,000,' 00 development.
75.876
8 6,896
44.321
73.519
77,2^2
105,832
22,963,726
—
turbed labor coaditions, the mines for quite a period were
closed down, but this important traffic is now being resumed
and will soon reach a normal condition. The earnings of the
water lines dt'cllued on account of the company's retirement
from Alaska traffic, the unusually severe winter, which obstructed navigation, and for the further reason that the
farmers' financial condition did not make it necessary for
THE CHRONICLE.
902
them to dispose of their grain and farm products as freely as
previously, 100,547 tons less of grain having been moved this
year by your company than in 1897-98.
Sefiinding. — Daring the year |759, 000 of the Oregon Railway Navigation Company's 6 per cent first mortgage bonds
have been retired, and against them have been issued $957,668 consolidated 4 per cent bonds. The increased capitalization has been charged to profit and loss.
Improvements. Etc. —All expenditures for improvements
and betterments on the rail lines vpere charged to operating
expenses, except $29,242 for one dining and two composite
cars and $6,756 paid for new real estate, which were charged
to income account. All expenditures on the water lines
have been charged to operating expenses or depreciation
fund, except cost of the new tug Walhila, charged to im-
&
The company during the
year buiit two new river steamers, the Spokane and the
Hassalo, which were charged to the depreciation fund.
All the cars will be equipped with air brakes and automatic
couplers within the time required by Congressional law.
Statistics,
The reorganized company's accounts date only
from August 18, 1896, but for purposes of comparison the
figures below for the full years are given, except in the income account
EARNINGS AND EXPENSES.
provement and betterment fund.
[Vol. LXIX.
OPERATIONS, EARNINGS, ETC.
1898-99.
1897-98.
1896-97.
1895 96.
Operatio7is—
Passengers carried
305,510
304,411
293,418
254,753
Passeuirers car'd 1 mile.. 10,573,564 10,742,160 9.182,253 10,629,271
Rec'pts per pass, per m.. 2-46 cts.
2 39 cts.
2-47 cts.
218 cts.
Tons freight carried
601, S04
574,061
481.796
474,7(r9
Tons freight car'd 1 mile. 48,401,471 45,396,322 38,089,3 79 35.803,328
Rate per ton per mile.. 1-221 cts. 1-303 cts. 1 394 cts 1-530 cts.
Earnings—
$
$
$
$
Freight
590,743
591,671
531,063
548,065
Passenger
260,033
257,122
226,602
231,805
Mail, express and miscel.
It 3,022
100,835
115,877
89,245
Total
949,628
863,542
869,115
123,877
191,272
290,402
90,164
153,059
3 35,719
2^3,296
81,980
125,189
118,728
261,896
84,894
152,139
135,656
243,147
79,387
654,054
295,574
68-87
earn's.
ISCOME ACCOCNT,
590,707
272,835
610.329
258,786
70-22
Malntei'aiioe of equip...
Conducting transp
General expenses &
Total
Net earnings
Per cent of exp.to
—
rt'n.
tax..
695,715
258,083
72-94
Net earnings
Other income
Total
:
-1898-99.
1897-98.
Rail lines. Water lines. Rail lines. Wate?- lines.
$4,688,549 $574,503 $4,625,657 $672,073
1,268,321
145,704
1,086,571
193,514
87,755
1,421
79,429
2,029
181,061
186,667
4,202
7,481
26,992
21,867
19,753
27,8^6
953,798
Expenses—
Maintenance of way
Interest on bonds
Dividends
6840
1898-9,
1897-8.
1896-7.
1895-6.
$258,083
$295,574
$272,835
$25 ',786
3,302
4,703
$261,385
$181,250
83,820
$30 0,277
$177,950
55,880
$27?, 835
$258,786
$179,200
def.$3,685
$66,447
$65,600
$179,875
27,360
,
EarningsFreight
Passengers
Express
Mall
Miscellaneous
Balance, surplus
CONDENSED BALANCE SHEET
A SSCtS
Costof road
Securities
(feequip't.. $6,540,075
owned
Material and
Total
$5,992,471
$902,922
$10,824 $1,032,677
45,366
413,673
621,810
1,587.212
153.315
64,081
lo,582
I45,3t)3
$24,934
$747,697
$6,258,282
i:xpe7ises—
Maintenance of way, &c.$l,117,899
Maintenance of eqiiipm't
431,963
Conduct'g transportat'n, 1,657,662
179.701
General
148,385
Taxes
$3,535,610 $752,663
Total
Net earnings
$2,722,672 (lf.$4,966
100*66
56*49
Per cent of exp. to earns.
$3,332,241
$2,660,230
55-61
51,831
633,0.4
56,687
10,933
$777,475
$125,447
86-10
INCOME ACCOUNT.
Net earnings,
Other income
all lines
Total net
Deduct—
Sinking fund
Depreciation water equipnaent
Miscellaneoua
Diviaends*
Total
Surplus over dividends
8,
Govt, (mail)
Connecting lines
Individuals and compa'
90,598
70,946
Reserve funds
Interest due & unpaid.
Audited vouchers
97,518
13,i77
11.552
3,040
Pay-rolls ( J une)
Miscellaneous
Due connecting
116,254
nies
Total
1897-8.
1896-7.
$2,717,706
73, 107
$2,785,677
77,866
$1,607,766
4&,062
$2,790,813
$2,863,543
$1,652,828
$830,357
163,110
94,610
49,912
440,000
$865,492
154,230
89,a50
616
790,000
$780,520
120,637
35,667
42,3*7
110,000
$1,577,999
1,212,824
$1,899,688
$1,089,171
$563,657
$963,855
CONDENSED BALANCE SHEET FOR YEAR ENDING JUNE
Asse'x—
Toial cost of property
1839.
§19,342.553
BoDds and stocks
Cash iu banks, etc
.5,210.939
l,2tJ5,67(>
N. Co.'s consul, mortgage bonds.
Improve, and better, acct. (per contra)
Materials and supplies
Audited bills for collection
..t
.
Advances new lines
Branches under construction
Agents, pursers and conductors
Miscellaneous
Total assets
—
lAablUi ien
Common stock
Profit
.$6,968,257
and
Consol. mortgage 4 per cent bonds
O. R. & N. Co. 1st mortgage bonds
O. K. & N. Co.'s 1st mort. sinking fund
Vouchers
Pay-rolls and unclaimed wages
Consol. mortgage bonds, interest
O. R. & N. Co. 1st M., int. due and unpaid.
Water line tquipmeut depreciation fund..
Traffic balances
Nor. Pac. Ter. Co.— Accrued rental acc't..
Dividend No. 1— Preferred stock
Dividend No. 1— Common stock
Called bonds outstanding
Miscellaneous
Improve, and better, fund (per contra)
By proUt and loss to balance
—
58,061
403,e35
645,839
1898.
849,325.916
6,307,8^2
2.113,401
lal,819
452,525
41r<,082
Total
$6,968,257
Joseph & Grand Island Railway.
{Report for the year ending June 30.)
The annual report, to be published later more at length,
shows:
o.
on
Gross earnings
Operating expenses
$939,087
676,948
$348,409
$484,839
$262,139
(72*37%)
(60-66%)
(72-08%)
102,180
8o3
$450,589
276.434
164,928
$485,692
187,041
274,880
$9,227
$23,771
Other income
Total net income
Charges
Dividends
Balance, surplus.
30.
1S97.
149,310,904
5,3t.«,'.ll0
791,674
475,0U0
440,121
271,130
181.
Buffalo & Snsqaehanna Railroad.
(Report for the year ending June 30, 1899.
Of the 1,304,841 tons carried duriner the year 1898-99, lumber, logs and bark furnished 1,098,829; coal, 71,072; leather
and hides, 18,073, and miscellaneous merchandise, 116,868,
each item showing an increase compared with the previous
year. The miscellaneous merchandise was double in amount
144,070
5,924
lll,0i.9
166,183
377,973
110,758
263,971
$58,8b3,178
§58,342,306
|o7,084,b34
that carried in 1897-98.
Statistics.— The earnings, balance sheet, etc., were:
OPERATIONS, EARNINGS AND CH.\RGES.
§24,000,000
11.000,000
19,567,800
¥24,000.000
$24,000,000
11,COO,ulO
15,609,000
Passengers carried
Freight (tons) carried
G(i8,(i0
l,5b7,(iC0
432,«46
228,973
198,927
101.51 6
23,310
38,863
142,710
263,236
331,478
204,382
87,. 79
51,120
48,688
127,329
253.900
11, 000,.
00
18,683,9u0
4,451,01
107,620
Freight
Passengers
159,583
107,070
106.650
33,15*9
82,810
Hj9,yb5
-.240,001)
106,t00
186,379
40;-,C35
l,7fc4,^2l
74,000
iV.liOO
157.1.97
4')i.o2o
77 y. 869
99,518
440,021
603,6-7
L§58,342,3t6
$57,084,934
1,304,841
Earnings —
200.1t-0
Mail, express,
&
Florida Railway.
(Report for year eliding June 30, 1^99.)
President Samuel Spencer says in part
The severe freeze in Florida and Southern Georgia in the early
spring destroyed most of the fruit crop, and caused a material reduction in the revenues from this source. The increase in maintenance
of equipment is due to the cost of air hrakea and automatic couplers,
and to expenditures made to bring the equipment up to a higher stan-
$
&c
Total
Total
Deduct —
Interest on bonds
Sinkingfund
Rentals leased lines
Total
Surplus*
93,359
896,028
$
55,751
29,374
503,730
51,070
24,398
421,925
43,299
22,620
767,319
625,692
579,798
487,844
96,853
84,635
119,737
62,525
63,521
53,593
121.593
47,916
71.39^
47,564
114,201
36,940
363,750
261,942
286,623
293,175
270,097
217,747
(58-14)
(49-43)
(55-35)
(67-68)
57,669
79,579
32,950
61,544
79,443
11.105
64 984
78,926
8,558
64,215
78,921
4.125
170,198
77,837
152,092
109,850
152,468
140.707
147,261
70,486
* In January, 1895, the company paid 4 per cent dividend from
the
surplus of 1893-4 and 1894-5, and In every January since then, 5 p. c.
BALANCE SHEET JUNE
1899.
1898.
$
$
There were sold during the year $104,000 first mortgage bonds (In
the treasury June bO, 1898,) to reimburse the company for cash used
to pay etiuipinent notes. The reserve funds now amount to $44,456,
as against $87,907 at the close of the previous year, it having been
necessary during the year to draw upon these funds to make necessary
Cost of r'd & equip,. 3,0-iO, 737 3,021,011
Fuel & sup. on band 84,,819
30,529
renewals and replacements.
Twenty-four miles of 75-lb. steel
Caxb
replace 60-lb.
Miscellaneous
88, 013
f91
25,026
79,450
9.121
159,729
17,t«l
Total
-V, 69, p. 338.
3.858,689
3,843,987
rails were laid during the year to
and there were placed in the track 175,632 cross
1895-96.
54 0,567
519,284
248,035
Net earnings
1896-97.
139,255
129,044
1,075,629
1,031,336
""
"
668,386
72,427
26,506
Expenses—
Maintenance of way, &c.. 203,982
Maintenance of equipm't..
86,858
Conducting transportat'n. 165,517
General and taxes
62,927
dard.
rail,
1897-98.
158,187
P. 0, of oper. exp. to earns,
Georgia Southern
1897.
$1,232,508
747,669
Net earnings
Prop. oper. expenses to earnings.
—V. 69, p.
1898.
$1,261,060
912,650
1,114,800
173,943
180,113
19B,195
23u,.534
§58,833,178
Total
-V. 69, p. 591, 592.
lines..
loss
-V. 67, p. 948.
1898-99.
st .ck
44,457
97,225
58,761
32,998
1,990
33,505
24d,375
St.
1898-9.
*In 1896-7 paid 1 p. c. on pref. stock and in 1897-8 paid 5 p.
pref. stoi k and 1 p. c. on common; in 1898-9 4 p. c. on pref.
tAug. 18, 1896, to June 30, 1897, 10 months and 14 days,
Pretened
Agents and conductors.
U.
(see Inv.
aupp.)
3,666,000
Equip, notes outstnd'g.
5,147
Taxes accrued, not due
16,800
1899.
Interest on funded debt
O. K.
dividends
—
Funded debt
25,000
supplies
on hand
Cash
Cash for interest and
$79,586
.IDNE 30, 1899.
Liabilities
Stock (see Inv. Supp.). $2,768,000
Asspfs.
Due from agents...
Due from otb. roads
Sinking fund
BlllR receivable
1 ,4V 8
48,,640
79 ,591
36 ,V91
100. OUO
30.
1898.
Li<(bUitie.i.
$
Capital stock
1,518,000
First mort. bonds,. .1,134,000
Sinking td reserve.. 421,824
Accounts payable
999
.
Aud.V'ch.,pay-rolU 70,500
Ren'wal reserve f'ds 41,150
Miscellaneous
44,884
Balance, surplus..
127,732
.
.
1898.
$
1.618,000
1,211,600
342,-246
1.648
48,318
54,S17
41,045
H!5,794
ties.
Statistics.
—Earnings, expenses, etc., follow.
Total
8.358.589
3,313,»8»
October
28,
THE CHRONICLE.
1899.
Maine Central Railroad.
(Report for the year ending June 30, 1899.)
President Franklin A. Wilson says
iiesitZfs.— The road for the year ending June 30th, 1899,
shows au increase of earnings of $281,327. The operating expenses also increased $286,093, bat the operating expenses
this year embrace large items for a new ferryboat at Bath,
new equipment, including safety appliances, renewals of
No
rails and the new passenger station at Brunswick.
charges have been made this year to our construction, betterment or equipment accounts.
Maintenance. Among the principal items of° maintenance
during the year were
2,312 tons new steel rails laid in main tracks 3,951 tons of re-laying rails laid in branches and side tracks 399,593 cross-ties laid in
main and side tracks; 17,073 switch-ties laid: 35"74 miles of track
:
—
:
;
;
thoroughly re-ballasted
;
From
sold.
22 35 miles of fence rebuilt.
903
the proceeds. $690,776 was
rf
turned to the land
and stumpage trust fund [and used for retirement of preferred
stock] and the balance was used in payment of construction, improvements and betterments. There remains $80,500
of these bonds to be used for completing automatic couDlers
and air brakes. The balance of the $5,000,000 first consolidated mortgage bonds authorized is reserved for retirement of the outstanding bonds of the main line and branches.
The sum of $47,052 " reserved from land and stumpage income for the fiscal year ending June 30. 1898, for land grant
taxes of 1897, as may be decided by the United btates Supreme
Court, or for cancellation of preferred stock in accordance
with the Plan of Reorganization," it is now deemed expedient
to return to the land and stumpage income for the present
year, as the decision by the United States Supreme Court is
indefinite in time, and the carrying of this amount is at a
cost to the company of 7 per cent per annum. After paying
7 per cent upon the preferred stock for the fiscal year ending
June 30, 1899, there remains to the credit of the land and
stumpage income $214,519, which will be used in the cancellation of that amount of preferred stock, and notice of
There has been expended during the year $76,667 for train
safety appliances. By the first day of January next we shall
be in full compliance with the law of Congress. This has
already cost us the eum of $273,663.
this fact has been advertised as required. [This reduces the
Financial —Owe floating debt has decreased during the issue to $3,895,032.— Ed.]
year $263,000, standing now at $300,000. One 7 per cent loan
Consolidation. AU the branch line properties have been
amounting to $615,300 was replaced by 4 per cent consols, purchased by the St. Paul & Duluth RR. Co., and will be no
sold at a premium.
longer treated as leased lines. These properties include
Earnings, etc. The earnings, expenses and charges have
Stillwater & St. Paul RR.; Taylor's Falls & Lake Superior RR. (exbeen compiled for the Chronicle as follows:
cepting its land grant [69,276 acres on July 1, 1899,1 and its property
held in the hands of trustees for the payment of its mortgage indebtEARNINGS AND EXPENSES.
edness); Duluth 8hort Line Ry. Co.; Grantsburg Rush City & St. Cloud
1895-96.
1898-99.
1897-98.
1S96-97.
RR.; St. Cloud Grantsburg & Ashland RR.
Earnings from—
$
$
$
$
Passengtrs."
1,896,633 1.860,334 1,867,249 1,939,048
The principal of the branch line bonds is shown in the
Freight
2,840,633 2,615,414 2,756,873 2,774,802 bonded indebtedness of the company, while "rentals"' in271,468
273,913
Express, mails, etc
284,832
283,053
clude the coupon interest for the year. After June 30, 1899,
Total
5,022,098 4,758,801 4,898,035 4,985,318 the rentals of the branch lines will disappear, and interest
Operating expenses—
on their bonds will be shown in " interest accrued."
General expenses of office
Lands. The Land Commissioner's report shows that on
andproperty
141,891
125.0141
161,903
July 1, 1899, there remained unsold 953,591 acres of land, of
230,166
General exp. of transpo'D. 3t6,195
389,194
Pass, transpo'n expenses.. 314,486
326,848
317,596
which 283,C63 were covered by timber permits. Daring the
421,95h
Freight trans, expenses... 44^,369
413,796
late fiscal year there were sold 48,021 acres for $202,511. The
751,6-8
829,648
Motive power expenses... 832,053
192,514 3,369,452 cash receipts were $208,535 net cash receipts $167,467.
Maintenance of cars
161,947
170,958
921,140
Maint. of way &struct'rs. 708,593
719,501
The land grant of the Stillwater & St. Paul RR. Co. has
New equipment
126,000
74,990
204,113
been entirely sold. The Trustees now have on hand a balfor
Safety
appliances
ance of $20,667 applicable to the purchase and retirement of
equipment
26,642
76,667
that company's bonds, which become due Dec. 1, 1900.
121,', 23
Taxes
114,121
112,283)
Statistics.
The operations, etc., have been as below
Total
3,405,061 3,111,365 3,285,568 3,369.452
OPERATIONS AND FISCAL RESULTS.
Net earnings
1,617.037 1,647,436 1,612,467 1,615,866
—
—
:
—
1
|
I
1
:
;
—
INCOME ACCOUNT.
Receipts—
$
Net earnings
Other income
$
1,617,037
81,071
1,647.436
63,040
1,698,108
1,710,476
1,664,614
1,667,726
599,365
647,090
298,531
29,440
633,907
648,121
298,527
29,440
657,060
650,480
298,524
637,834
649,516
298,524
Total
DedxcctInterest
Rents
Dividends
Sinking fund*
1897-98.
1895-96.
1896-97.
$
1,61?,467
52,147
1898-99.
$
1,615,866
51.860
Total
1,574,426 1,609,995 1,606,064 1,585,874
Surplus
123,682
100.481
81,852
58,549
"Not included in "fixed charges" prior to 1897-8.
GENERAL BALANCE SHEET JUNE 30, 1899.
Resources
Liabtliiies Total construction &
Stock (see INV. Supp.) $4,P 87,800
equipment
$15,467,164 Bonds (.see Inv. supp.) 10,79^,192
29=-, 573
Stocks and b'ds owned
641,939 Miscel. cur't liabilities
Cash
277,414 Audited vouchers
197,564
Notes receivable
..
155,000 Notes payable
500,000
Material and supplies.
421,519 Accrued interest and
Agents andcondunt'rs
rents not due
258,100
93,533
148,i'54 Sundry lease accounts
Current traffic bal'ces
111,139
Cos. and individuals..
518,856 Injury fund
67,186
Sinking funds
183,280 Suspense account
21,858
Otheritems
518,856
17,901 Sinking funds
For equipmeut
50,000
Profit and loss
124.3;
—
Total
.$17,924,660
1898-99,
1897-98.
1896-97.
1895-96.
Operations—
Passengers., car'd
413,223
519.022
515,299
532,657
Pas. carried 1 m... 18.268,604 16.668,080 14,603,792 15,242,097
1-93 cts.
2-02 cts.
2-18 cts.
Av. rate p. pas. p. m.
2 01 cts.
Fr. (tons) moved..
1,464,393
3,240,636
1,200.098
1,137,012
Fr. (tons) car. 1 m.l 79,235.915 152.718,001 148,068,166 127.216,980
0-81 cts.
0-80 cts.
Av. rate ton p.m. .. 0-76 cts.
0-9VJ5 cts.
Earnings from —
Passengers
Freight
Mail, exp.,&c
$388,369
$370,237
$327,861
$369,482
1,365,043
48,918
1,229,136
48,962
1,187,223
49,020
1,169,362
49,019
Total
$1,802,330
Op. exp. and taxes 1,239,863
$1,648,035
1,221,995
$1,564,104
1,203,050
$1,587,863
1,280,524
Net earnings..
Other income
$562,467
32.473
$426,640
35,598
$361,D54
59.892
$307,339
78,100
Total
Disburseinen ts
Rentals
Interest on bonds.
Miscellaneous
$c94,940
$462,238
$420,946
$385,439
$134,283
169,445
864
$135,164
810
$134,558
150,000
14,604
$130,P19
loO.OOO
53,523
$304,592
$285,974
$299,162
$334,342
290,348
176,264
121,784
51,097
167,467
157,001
104,417
242,483
$226,201
(5)239,503
$593,580
(5)239,505
—
Total
operations
Receipts from
Paul
& Dalnth
Railroad.
lands
Total available
Deduct
div.
$457,815
Includes
sur. 171,019
def.
2,012
3^ per cent paid in Sept.,
1899.
BALANCE bHEET JUNE
operated.
Liabilities
Stock and scrip (seeSopp'T)
Bonds (see SUPPLEMEST)
Two hundred
box cars were purchased under a car equip
ment trust on a 5 per cent basis, and contracts have been
made under a new Car Trust on a 43^ per cent basis for 3C0
box cars and 8 heavy locomotives. The reduction of grade
and change of line at Mahtowa and between Willow River
and Sturgeon Lake will be completed during this season.
Daring the year there have been laid 8 miles of 70- pound
new steel rail on the main line; 111,449 cross ties were
placed in traek. The property generally is in good physical
condition.
—
Bonds Issued Retirement of Pref. Stock.— Fhst consolidated mortgage bonds of the par value of $1,000,000 were
Cash
Stumpage notes
Bills receivable
Due from
individuals,
&c
Materials end fuel onhand
Accounts receivable
Land and town lot contracts
Equipment trust
Miscellaneous
Total
13,304
aur.
54,075
30.
1899.
Road and equipment
Bonds and stocks...
—
def.
1897.
1898.
$13,335,760 $12,186,880 $12,685,223
l,f>56,976
212,331
1,556,790
271,164
425,598
633,654
38,061
25,374
12,687
13,314
11,339
11,264
151,550
138,214
102,286
63,219
65,226
36,301
192,388
144,113
154,436
400,786
463,395
4 93.897
91,083
388
4,071
9,580
Assets—
President R. Somers Hayes says in substance
General. The gross earnings for the year were very satisfactory, and are due to the general prosperity of the country.
There were 223,757 tons of freight moved in excess of last
year, the greater portion being grain from connecting lines
at low rates. The reduction in maintenance of way is due
to the excessive cost of storm damages of the previous year,
and to less steel rail being laid this year on the main track.
The expenditures charged to maintenance of way average
$1,109 per mile of main line and $952 per mile of road
:
$333,265
(7)335,307
on prf. (7) ^286,7 96
Balance.
i
(Report for the year ending June 30, 1899.)
and
stumpage
-V. 69, p. 695.
St.
15(.',000
Balance from RR.
$17,924,660
Total
:
$15,143,279 $15,019,293 $15,374,778
—
Equipment trust
Taxes, pay-rolls, Ac. (cur. liab.).
Coupon int. accrued, not due.
Sinking fund
Preferred stock canceled
.
Land and stumpage income
Miscellaneous
Land and stump, income aco'nt.
Balance railroad income
Total
$9,451,170
3,710,000
$9,452,893
3,710,000
186,981
60,467
140,838
179,204
60.467
134,131
57 9.325
ex-
pended prior to July 1, 1888..
Pref. land and stump, income ..
-V. 69, p. 696.
$8,759,741
4,919,500
91,083
246,320
63,800
152,282
506,584
42,500
214,519
146,950
690.776
48S,769
27,762
47,052
215,478
690,776
43'J,847
7,408
12i",727
.$15,143,279 $15,019,293 $15,374,778
THE CHRONICLE.
904
Metropolitan Street Railway of
("Balance Sheet of June 30,
[Vol. LXIX.
PHILADELPHIA & BEADING fiAILWAY B.VLANCE SHEET JUNE
New York.
Assets—
Railroad
PLiladelphia Terminal
189'.KJ
1899.
$79,851,858
8,500,000
2,700,000
50 ,302
1,033.178
1,282,730
1,381,661
88'- ,066
The earnings, etc., for the year 1898-9 were given in the Philadelphia Subway
Chronicle of September 2, page 489. The balance sheets of New equipment..
Cash
June 30 compare as follows:
Freight and toll bills
GEXERAL BALANCE SHEETS JUNE
30.
1P97.
1898.
1899.
Assets—
$35 255,379 $33,951,792 $32,050,9 9
Koad and equipment
12,075,668
15,317,472
Stocks&b'dsof otli'r corp't'ns.. 14,160,572
1,421,751
1,500,799
Duefr'ml'sed lines acot.imp't8 3,276,064
221,421
Acer lied interest
158,091
251,923
Supplies on liand.
240.831
258,728
267.467
Open accounts
6-6,9 27
Construction, &c
14,312,401
8,420,388
295,013
2,399,080
Cashou hand
737,065
Total
Liabilifies—
Capital Ftock
Funded debt
Bills
$68,230,369
$62,100,182
$39,933,500
$30,000,000
21,'"5('.000
2 7,750,000
1,150.000
payable
401.274
1,290,541
Open accounts
Profit
and
loss,
637,ts68
1,805,650
surplus
$62,100,182
.$68,230,369
Total
—V.
$30,000,000
9,400,000
5,545,449
140,8 8
297,108
90,565
937,641
399.909
327.166
1,332,489
1,638,267
6.736
2,4'
Interest due and accrued
Dividends and rentals acor'd..
$46,909,^70
$46,909,2';
69, p. 645.
Pennsylvania Company.
fReport for the year ending Dec. 31, 1899. J
Income Account, Etc, The income account and balance
—
sheet follow:
INCOME ACCOUNT OF PENN8LVANIA COMPANY.
Revenue—
Net earnings Union Line Bureau
Rent of Steubenville Extension
1898.
1897.
$
275,326
61,929
13,095
202,006
54,760
$
Received for rent of real estate
Received for rent of equipment
Prolit operating P. Ft. W. & C. RR...
Profit operating New C. & B. V. RR..
Profit operating Cleve. & Pitts. RR..
20ii.561
1 ,147,736
Dividends on stocks
275,88S
Interest on bonds
2,138
Miscellaneous
1896.
$
220,213
61,929
16,720
184,404
263,010
61,929
14,831
195,475
130,956
9,192
210.600
37,302
1,436,657
1,188,152
247,325
11,790
431,199
11,190
Total revenue
Disbursements —
2,234,439
2,333,259
2,399,623
General expenses
153,267
39,555
1,067,125
2,422
121,414
41,647
137,967
18,832
16,670
101,991
14,105
78,831
14,029
154,163
8<.789
925,507
23,550
513,996
321,756
8,774
Payments on car
trusts
Interest on bonds
General interest
Loss in operating P. Ft. W. & Oil
Loss in operatiug Erie & Pitts. RR...
Loss in operating Mass. & Cleve
Loss in operating New C. & B.Val...
Advances to Ind. & Vincennes RR
4,993
....
3^7
124,994
9,259
110,278
19,186
1,^23,438
.
682,505 1,009,821
BALANCE SHEET DEC. 31. 1898.
2,161,356
238,267
.
Advances
928,'271
to Cin. Rich.
&
Ft.
W. RR
.
.-
Materials on hand
Railroad companies
Individuals and firms
Miscellaneous
Total assets
Liabilities—
Stock
Bonds (See Investors' Supplement)..
Bonds and mortgages on real estate
Unpaid vouchers and pay-rolls
RR. companies, individuals and firms
Interest and rents matured
Interest, taxes (est.) and rents, accrued
Phil. & Reading C. <Sj I. Co
30.
1898.
$79,851,858
8, =^00,000
2,700,000
957.407
1,019,188
1,092,498
603,468
20,4 62
589,456
1,707,353
319,58/
$96,809,725
$96,737,348
$20,000,000 $20,000,000
70,383,952
70,384,952
619,406
642,905
2,228,791
1,997,837
2,019,24a
995,583
376.388
418,420
1,' 16,955
1,168,770
169,911
22 4,744
Accident fund
Miscellaneous
Total liabilities
PHIL,
RE.ADING COAL
cfe
93.996
105,226
$96,809,725
$96,737,348
IRON CO. GENERAL BALANCE SHEET JUNE 30.
tfc
Assets
1^99.
1898.
Coal lands
$61,75/,951 $61,761,324
Timber lands
659,965
659,965
N. Y. & Eastern depots. Western yards &
depots, miners' & other houses, Pottsville
shops, real estate. &o., storage yards «fe
washeries and "other real estate"
2,792,488
2,804,315
Improvements at collieries
7,078,690
7,078,690
Eg uipments at collieries
2,302.46 S
2,302,468
Deadworkat collieries
3,711,477
3.711,477
Stocks and bonds ot companies controlled..
9,8''2,H25
9,860,325
Cashonhand
193,832
345,056
Coal and rent accounts
1,789,505
2,363,990
404,19r)
Companies and individuals
300,337
Coal on hand
2,133.399
2,507,562
Supplies and materials on hand
457,703
424,581
Philadelp'a & Reading Ry. Co. current acct.
187.651
Miscellaneous
144,964
272,390
Total assets
Liabilities —
Bonds (See Ina'estors'
$94,061,599
$93,817,996
$7,046,147
8,000,000
77,280.349
594.570
208,706
91.008
91,063
74,157
56,437
196,124
423,038
$7,217,146
8,000,000
77,108,652
493.828
162.739
69,581
245,033
158,041
19,257
343,717
.$91,061,599
$93,817,998
Supplement)
Capital stock
Reading company
Pay-rolls and vouchers
Due for coal purchased
Due for royalty on coal mined
Freight and tolls due foreign roads.
Companies and individuals
Interest due and uncollected
Miscellaneous
Surplus
Total liabilities
69, p. 792. 798.
—V.
American Type Founders Company.
Total disbursements
Balance, surplus
.1,551,934
Dr.
Cr.
$41,010,300
214,584
Equipment
3,053,027
Real estate
992.389
Real estate in trust.
70,970
Union Line property. 4,875,074
Due by
L's'dr'dsforbet'mts 1,006,681
Othcosincurr'caoot
969,7 4
609,846
Oth cos for advanc's
Due by stat.agente,<S£C
339,662
Supplies
678,058
Miscellaneous assets. 2,253,156
Cas'i
1,291,256
Cash to pay int., &c..
463,600
Si'ih'ing Funds for
Leased Roads'—
1,384,029
P. F.W & C.Ry.letM.
do
do
2d M. l,-'5-,741
2,535,450
Cleve. & Pitts, consols
$21,000,000
19.467,000
Guar. 3»a Ser. " A"... 4,950,000
Capital stock
Securities
Bills receivable
.
mortgage
412=...
Due
lessor companies
for supplies
i
831,832
Mortgages and ground
60,000
rents
Due other companies
in current account..
2,678,487
Due for current expenditures In operating
leased road»
Miscel. liabilities
I ut. due and unpaid..
Interest on Sis p. cts.
Interest on 41^ p. c.
bonds in sink. fund..
Reserve fund, leased
1,447,003
2,572,407
463,
.°iOO
57'750
311, «05
roads
5,277,220
Balance to credit of
profit and loss acct.
Total
$63,005,497
Total
-V.
First
3,898,493
$63,005,497
68. p. 1077.
Reading Company.
(Balance Sheets of June 30, 1899. J
The annual report was given in the Chronicle of Oct 14,
pages 792, 793. The balance sheets of the Reading Company,
the Philadelphia & Reading Railway Co. and the Coal &
Iron
Company
of
&
<fe
sundry companies
Read. Ry. Co. stock owned
Read. Coal & Iron stock owned...
Stocks of sundry companies
Phila. & Beading Coal & Iron Co
Sundry railroads
Cash
Account equipment notes and car
trusts..
Miscellaneous accounts
Total assets
Hahilities —
Stock (See INVESTORS' Supplement)
Bonds
Contingent a ccount
Equipment notes and oar trust.
Accrued interest and taxes
Miticellaneous
Profit
and
General 7?eswZ<s.— Beginning with the month of March, 1899. oar
business has showed substantial improvement. The sum total of sales
for the year is in exce.ss of the previous year. There is every indication that this increase will continue, the business for the months of
August and September, 1899, being larger than the business of the
same months in any preceding year.
The equipment has been perfected and automatic processes have
supplanted the more costly processes of hand labor. Wider trade relations have been established and arrangements for the extension of
the business in foreign markt^ts have been continued. We believe that
company is equiiiped to render the best service ever off'ered to the
trade, and at the same time to reap a satisfactory return upon the
capital invested.
Notwithstanding the successful introduction of machines which cast
type-slugs, particularly in newspaper offices, the body-type business
of your company has steadily increased. Recognizing, however, the
demand for machine composition, your company has thought it wise
in the interest of typographic work of the best character, as well as
for the inciease of its own market, to encourage the introduction of
machines which mechanically compose and iustify movable type of
the best foundry production. These efl'orts have met with success,
and it is gratifying to note the steadily increasing introduction and
use of type-setting machines which employ our movable type.
Bonds, iVc— The development of the business has necessarily increased the needs of working capital and has made necessary an increase of the liabilities of the company. There have been sold about
$100,000 of the debenture bonds at par and accrued interest, and the
directors think it desirable that the balance of the bonds, amounting
to $300,000, should now be sold, first giving the right to stockholders
to take them, so that the volume of commercial paper outstanding
the
may
be reduced.
Earnings
Statistics.
—
loss surplus
Total liabilities
and charges, and the balance sheet,
have been as follows:
earnings and charges.
30.
1899.
Assets—
$18,110,041
Railroad equipment
1,450,000
Floating equipment
16,442,309
Real estate
iO,000,000
Philadelphia & Reading Ry. bonds owned.
Phil.
Phil.
31, 1899. J
President John E. Searles says in part
follow:
READING COMPANT BALANCE SHEET JUNE
Bonds
(Report for year ending August
1898.
$16,950, 00
1,4? 0,000
ln,31ii.570
1898-99.
1897-98.
Gross earnings
Interest charges
$249,563
$215,446
45,632
Net earnings
Divideuds
$190,052
160,000
59,511
$169,814
20,000,000
15,3 -9,216
15,64t),874
20,000,000
8,00j,000
26,511,267
77.280.349
1.434,540
2,225,529
570,452
474,902
20.000.000
8,000,000
26.731.566
77,108,652
1,402,796
1,106.991
1,534,983
$207,888,665
$206,765,642
140,000,000
61,94 %6il
1,163.445
508,410
486,953
135,482
650,720
140,000,000
63,249 501
$207,888,665
$206,765,642
51s, 203
$30,051
Surplus
balance sheet AUG.
Assets—
Plant
Merchandise and raw materials
Miscellaneous
Accounts receivable
Bills receivable
Cash
1,475,157
287.187
3oi0.r)66
1898.
1S99.
$3,074,886 $3,022,776
1,306,K12
1,432,346
231.138
289,949
381,263
456,530
263,362
335,913
92,0^3
99,629
1897.
$2,8><.'i.906
1,130,460
210,186
363,206
262,302
68,0ri7
$5,689,253 $5,297,174 $4,920,147
Total
1.289,!»37
. . .
31.
Liabilities-
Capital stock
Accounts piyable
Bills payable
Debenture bonds
Profit and )ss
1
$4,000,000 $4,000,000 $4,000,000
133,469
107,118
132,916
497,059
545.0(^0
279,219
201,300
600,000
696,820
114,671
284,486
314,537
133,293
Total
—V.
67, p. 952.
.$5,6a9,253 $5,297,174 $4,920,148
October
THE CHRONICLE.
28, 1899,j
905
Ohio Southwestern 12,500, the Pittsburg & Western 4,000
and the Cleveland Terminal & Valley 1,000.— V. 69, p. 697.
Central Massachusetts RR.— iN'ew; President. Samuel H.
On a subsequent page are given full particulars regarding Aldiich having declined re-election, the directors have chcsen
the proposed absorption of the Wagner Palace Car Co. The Robert S. Bradley as President.— V. 68, p. 1224.
annual reports of the Pullman Company afford the comparison
Chesapeake & Ohio Ry. Bends Authorized. The stockshown below. If we add the net earnings of the latter com- holders on Tuesday authorized the proposed new loan, not
Fallman's Palace Car Company.
{Report for the year ending July 31, 1899.)
—
—
pany, hefore deducting dividends, for the years ending July
31 to these of the Wagner Company after deducting cost of
new cars and betterments we find the position of the consolidated properties to be approximately as follows:
NET EARNINGS, BOTH PROPERTIES.
Wagner Co
Pullman Co
,
1898-99.
1897-98.
4s
4>
1,299,093
5,445,015
1,2U,683
5,273,884
1896-97.
189"-96.
S
$
1,424,336
4,650,851
1,567,891
4,527,40iJ
6,075,187
6,095,300
1896-7.
1895-6.
exceeding 53,000,000, to aid in the construction of the GreenThis line is to e ^tend from Caldwell Station,
near White Sulphur Springs, West Va., north along the
Greenbrier River for about 100 miles to "Forks of Greenbrier," in Pocahontas county, W. V.. where it is expected
to connect with an extension of the West Virginia Central &
Pittsburg Railway, thus affording a short route to the north
and developing a timber and cattle country which is now
without rail communication. See V. f 9, p. 33?, 383.
brier Railway.
Chicago & Eastern Illinois RR. — EvansTille Terre
The dividend rate of the Pullman Company was restored Hante & Chicago Ry. Proposed Purchase.— The stockholdlast week to 8 per cent per annum, the amount for many
ers of the Chicago & Eastern Illinois RR. will vote Dec. 27
years prior to the increase of stock in November last. On upon propositions to purchase* the capital stock,
railway
this basis the dividends on the stock of the consolidated com- property and franchises of the two lessor
companies, the
pany will call for |5,920,C00.
Evansville Terre Haute & Chicago Railway Co. and the
Statistics. —HhQ results for several years are as follows:
Indiana Block Coal RR. Co. The first-named leased line is
6,744.108
Total net
6,488,567
INCOME ACCOUNT.
1897-98.
189899.
$
$
Revenue
Earnings of oars
9.748,576
Patent royalties, manu-
$
8,598,837
$
7,743,344
8.162,460
2,076,031
1,231,544
1,081,923
11,478,930 10,674.868
8.974,888
9,244,383
Operating expenses
4,559,809 3,776,315 3,511,869
812,169
831,634
P'dother sleep, car asa'ns
69?,715
Repairs in excess of mile793,036
age, &c
760,391
DlTid'ds on capital stock 3,149,550 2,880,000 2,880,000
3,730,079
847,897
facturing profits, rentals, interest,
&o
1,730,354
Totalrevenue
Ditbtcrsemenls
—
Total disbursements. 9,153,465
2,295,465
Net surplus
8,280,985 7,204,038
2,393,883 1,770,850
BALANCE SHEET JULY
Assets
1899.
—
Cars and equipment
1897.
Surplus
(less
7,596,974
1,647,409
1896.
$
$
$
$
22,993,950 22,153,304 22,638,087 23,779,145
57,792,188 63,083,105 63,502,959 62,919,838
54,000,000 36,000,000 36,000,000 36,000,000
7,200,000
written
oflf
dur'gyr., *386,381).... 3,792,188 19,883.105 27,502,958 26,919,838
Total
liabilities
57.792.188 63,083,105 63,502,959 62,919,838
•Embraced in the following accounts: Loss on cars, sold or destroyed, $116,662; depreciation of cars, *1,016,951; remodeling cars,
$69,233; less appreciation in values of securities ($816,465) $386,381.
—V. 6i», p. 850, fc54.
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
Baltimore & Ohio RR.— Listed.— The New York
Exchange has
Stock
listed $39 874,000 of the present issue of |40,-
000,000, Southwestern Division first mortgage d}4 per cent
gold bonds of 1925.
The remarkable success that has attended the plan for retiring the securities underlying the new loan appears from
the following:
Amount
Name of Security.—
Amount
Deposited.
Ohlo&MlBS.lstcon8ol.M.,ext.4p.c.$6,i85,000 $6,3ti9,000
83,000
8terllng,ext.4p.c.
83,000
do
do
Issued.
Amount
Afloat.
It-.OOO
none
32,000
2,952,000 2,920,000
38.000
1.993,000 l,9fi5,0()0
4,000
309,000
313,000
62,000
B.&O. 8. W. BR. le^tmort. 419 8.... 10.^67,000 10,606.000
B.&O. 8. W. By. let consol.M. 4148.10,363,900 10,357,070 (a) 6,830
l8tlnoomeM.,Serie8A. 8,750,000 8,666,520 (&) 83,480
do
SeriesB.10.000,000 9,670,882(6)329,118
do
do
preferred stock
20,000,000 19,347,949(6)652,051
do
none
l.SOO.OOO l.vOO.OOO
B. & O. 8. W. Terminal 58
103,000
230.0(0
333.000
Cln. & Bait. RR. 1st mort. 7b
none
175,000
175,000
Marietta Ry. 1st mort. 48
do
do
do
Sdconeol. M.,7s
Springfield Division 78
general mort 58
(a) Provision made in the foreclosure decrees for the payment In
cash of this e-mail amount.
(6) Extinguished bj the foreclosure.
New Equipment.— The company has placed an order with
the Pullman's Palace Car Co. for 1,500 box cars, and with
the South Baltimore Car Works for 1,000 box cars. This
makes a total of 8,860 box and coal cars ordered for delivery
within the next six months. The road has also just placed
an order for 43,500 tons of 85- pound steel rail for delivery in
1900, at about $33 per ton or 87 per cent more than the
receivers paid for rail during the time they had charge of
the property. Of the total amount now ordered the Balti
more
Ohio proper will get 26,000 tons, the Baltimore &
&
—
—
Invesl'tsinotb.car aes'ns
controU'd and operated 2,929,202 2,896,463 3,662,645 3,672,836
Invesfts at Pullman, &o. 8,221,786 8.113,767 8,104,518 8,103,080
112,328
114,082
114,609
114,957
Patents, U.S.and foreign.
114,371
114,658
75,000
75,314
Furniture and Fixtures..
Real estate, car works,
&o., Chicago, St. Louis,
Wilmingt'u,Detroit,A;c. 1,573,194 1,573,295 1,798,561 1,797,527
Securities
8,701,050 10,334,921 9,478.724 8,727,871
Construci'n material and
oper.supplies, Incl. cars
in process of constr't'n 5,735,425 4,099.948 3,191,183 3,884,464
5,104,065 7,609,56^12.582.625 9,080,098
Cash and loans
Balance of accounts rec- 2,343,245 6,112,231 1,817,871 3,648,118
Total assets
Liabilities—
Capital stock
Special dividend
&
Chicago & Grand TrnDk Ry.— Grand Trank Ry. of Can138,998 ada.— i2e/tmdf?ig.
The Chicago & Grand Trunk Ry. Co. is
2,880,000
arranging to refund the $5,454,000 first mortgage 63 due Jan.
31.
1898.
483^ miles long, extending from Danville Junction to Otter
Creek Junction. It has outstanding |581,950 stock (of which
East. 111. owns $488,630), $1,100,000 6s, interest guaranCh.
teed, due May 1 and Jan. 1, 1900, and $150,000 income 6s.
The Block Coal road extends from Otter Creek Junction to
Brazil, Ind., I23/2 miles, its capital stock being $75,000 and
bonds |150,0C0, namely, 1st mort. 7s due July, 19G8, but subject to call for the sinking fund, by which part of them are
lit Id, their interest being guaranteed.
V. 69, p. 489.
The refunding, it is hoped, will relieve the Grand
1, 1900.
Trunk Railway Co. of Canada from further advances on account of interest and will enable the Chicago & Grand
Trunk to lay a second track.— V. 60, p. 794; V. 69, p. 439.
Chicago & West Michigan Rj.— Coupons. The coupons
due Nov. 1 from Chicago & North Michigan bonds will be
—
paid at that date in cash, as in May last. A year ago the
coupon was paid $20 in cash and $5 in ten- year coupon scrip.
V. 69, p. 695.
—
Park & Belt RR.— Atlanta Rapid Transit Co.—
—The Collins Park & Belt RR. is seeking
an amendment to its charter changing its corporate name to
"Atlanta Rapid Transit Company." C. J. Simmons is PresiCollins
Change of Name.
dent.— V. 69, p. 491.
Decatnr (111.) Traction
—
& Electric Co. Incorporated.
This company was incorporated in Illinois on Oct. 20 with
$250,000 authorized capital stock as successor of the City
Electric Ry. Co, recently foreclosed. Incorporators: D. S.
Shellabarger, W. M. Shellabarger, L. C. Shellabarger. V.
—
69, p. 541.
—
Detroit & Lima Northern Ry. Receivers' Certificates.
At Toledo, O., on Oct. 20, Judge Ricks of the United States
Court authorized the receivers to issue $500,000 additional
receivers' certificates, making the total receivers' certificates outstanding $1,000,000. The new issue will cover
:
Bight of way, $14,238; for 29 flat cars, $5,075; purchase of safety appliance, $40,000; Emma Coal Co.. $lt>.689; Lima Locomotive Works,
$3,156; material and supplies, $52,817; taxes, $20,000; Maitland,
Coppell & Co., for rolling stock, $220,000; to build track between
Lima Junction and Adrian, $100,000; total, $171,976.
The amount of $100,000 for the track between Lima Junction and Adrian is stated to be reserved until further order
of the court.
Between these points the Lima Northern is
now using the Wabash tracks.- V. 69, p. 695.
Fair Haven & Westville RR. (New Hayeo, Conn.)— A'ew
iStock.— The stockholders on Oct. 19 voted to increase the
capital stock from $2,000,000 to $2,500,000 in connection with
the consolidation of the New Haven Street Ry.— presumably to retire the $500,(00 one-year notes issued last
November to effect the purchase.— V. 67, p. 955.
Farmrille
& Powhatan UU.— Receiver.— At Richmond,
Va., on Oct. 23 the bondholders applied to the Law and
Equity Court for the appointment of a receiver. The road is
a narrow-gauge line running from Bermuda Hundred to
Farmville, Va., 89 miles. The first mortgage for $350,000
(Central Trust Co., trustee), is in default, and no interesthas
ever been paid on the second mortgage of $500,000.
Fliut
& Pere Marquette
RR— Pere
Marquette
RR.— To
Vote on Merger.— The stockholders of the Flint & Pere Marquette RR. will meet Nov. 2 to adopt such measures as may
be necessary to carry out the proposed consolidation per plan
in V, 68, p. 1024, 1181.— V. 69, p. 695.
Hnntiogdon & Broad Top Mountain RR. & Coal Co.—
President.— Director George H. Colket has been elected President, to succeed the late Spencer M. Janney.— V. 68, p. 326.
Joliet (III.) Railroad— American Railways.— C/iange of
Control— Line to Chicago.— At the annual meeting of the
stockholders of the Joliet RR. on Oct. 23 it was announced
that a majority of the company's stock had been acquired by
the American Railways Co. A. A. McLeod, S. W. Pettit and
H. J. Crowley of Philadelphia were elected directors, succeeding President W. L. Milliken and C. L. Baxter of Portland, Me., and W. B. McKinley of Chicago. The only
changes In the officers, it is said, will be the elevation of
THE CHRONICLE
906
Vice-President George F. Dancan to the presidency, and of
J. E Burnhain to the vice- presidency.
It was also announced that the Joliet Company has acquired from the Cook County Syndicate all rights to the
franchise for a line from Lemont to Chicago, and that the extension of the LockpDrt Branch to the latter city will be
undertaken as soon as practicable. General Manager McKinley says
" If the material is on hand we will begin work on the Chicago extension north of Lemont April 1. In that event we will have the new
line in operation by July 1. The only drawback we are likely to
encounter is a tardiness on the part of the steel companies in delivering the material. If the cold weather holds otF a little while yet we
will have the extension completed from Lockport to Lemont and in
operation by Dec. 1."— V. 67, p. 73; V. 69, p. 794.
Kanaivha Terminal & Eloctric Co.
— Bonds.—The
com-
said, will issue $50,000 in 6 per cent bonds on its
electric road projected to run from Mount Carbon to Handley, West Va., 7 miles.
J. Q. Dickinson at Chrleston, W.
pany,
Va.,
it is
is
a director.
Kansas City Pittsburg & Gulf nn.—Borjcott Settled
—
The dispute with the connecting roads regarding freight
tariff has been settled, and on Wednesday the Federal Court
at Kansas Cit}- was asked to dismiss the suit for an injunction to prevent the boycotting of the K. C. P. & G. See V.
69, p. 743.
Louisville
&
Nashville
nn.— Called Bonds.— Forty
&
($40,
Nashville Division
000) thousand Evansville Henderson
bonds have been drawn for the sinking fund and will be paid
at 110 and interest at the company's office, 120 Broadway, N.
Y., on Dec. 1, when interest ceases. V. 69, p. 741, 744, 746.
—
[Vol.
LXIX.
•' I look for certainly three
years of undimmed prosperity
for all freight carriers.
have had, including 1899, three
years of splendid crops, and a crop failure in 1900 would not
have the effect of a crop failure smce 1896 woald have had.
As for the Manhattan Railway, we have no use for it.
have nothing in common with New Haven. It simply leases
We
We
our tracks."— V.
69, p. 695.
New York & North Shore RR.— Long
Electric Ry.
— Consolidated.— The New York & NorthIsland
Shore Ry. Co. and
Long
Island Electric Ry. have been consolidated as the
and North Shore RR., with capital stock of
The directors of the consolidated companj- are :
$2,100,000.
William 11. Shelmerdine of Whitestone, N. Y.; Charles A. Porter of
Philadelphia; William F. Hogan of Brooklyn; Jacob R. Beetem,
Rudolph McCabe and William E. Stewart of New York City.
It is expected that cars will be running over the new line
between Flus^hing and Jamaica next week. As soon as possible connection will be made at Jamaica with the company's
line to Far Rockaway. The system is also p'-ojected to reach
Willet's Point and Manhasset, making in all nearlj' 100 miles
of track.— V. 69, p. 852.
the
New York
New York & (Queens County RAily^sij.—Iieadj ustment.—
Philadelphia parties are largely interested in this company.
The "Philadelphia News Bureau" says: "The security
holders have made among themselves a readjustment of the
capitalization, taking stock for a portion of their bonds.
A syndicate loan, reported at the close of 1898 to be in excess
of $1,000,000, and loans and bills payable to the amount of
$125, OjO. have been cleaned up, and the road is now stated to
be free of floating debt and to have $150,000 in bank. The
present amount of bonds outstanding is $2,900,000 and of
stock $2,200,000. The earnings, we are informed, are now
at the rate of nearly 4 per cent on the stock."
From the same source we obtain the following:
MiddletoTrn-Goshen Electric Ry.—Successor Company.
This compauy was incorporated at Albany on Ojt. 23 as &uc
cessor of the Middletown- Goshen Traction Co. Capital.
Incorporators— W. B. Royce, H. B. Royce, of
§100,000.
People in the management say the road is earning gross close to
Middletown; W. F. Biddle, E. H, Pyle, of Philadelphia, Pa.
$300,000 per annum, and Is being operated at 47 per cent. The inV. 69, p. 852.
terest charges are $148,000, taxes (est.) $15,000. leaving around $90,Minneapolis St. Paul & Sault Ste, Marie Ry.— Miuneap- 000 for the $2,'2Oi),O0O stock outstanding, or about 4 per cent. The
present capitalization is as follows: N. Y. & Queens Co. Istmtge. 4
oplis Transfer & Termiual i^o.— Terminals.— Mortgage for per cent, $1,200,000; Flushing & College Point lut iiitge. 5 per cent,
$300,000.— The Minneapolis Transfer & Terminal Co. has $50,000; Newtown Ry. Ist mtge. 5 per cent, $150,000; Steinway Ry.
transferred to the Minneapolis St. Paul- & Sault Ste. Marie 1st mtge. 68, $1,500,000; total, $2,900,<i00. Cajntal stock, $2,200,000
and about f 300.000 additional in the treasury.
Ry. for terminals at Minneapolis a strip of land half a block outstanding,
The amount of bonds of the New York & Queens County, under its
wide, extending from Fourtn to Tenth Avenue North. The mortgage, formerly outstanding, was $2,500,000 5s, and in the readproperty is taken over subject to a mortgage for $300,000.— justment the holders of tbese bonds surrendered $1,300,000, holding
and leaving outstanding as atpresent $1,200,000, on which the interest
V. 68, p. 977.
was scaled from 5 to 4 per cent. In return these holders received
Mississippi Colesburg & Manchester Railway.— 21/ori- new stock. The underlying bonds, amounting to $l,7tO,090, were left
gage. The company has filed a mortgage at Dubuque, la., undisturbed. The syndicate took $300,000 stock at par, and there is
still about $300,000 stock in the treasury.
to the International Trust Co. of Boston, as trustee, lo cover
Earnings.— For the fiscal year ended June 30, 1899, results
the projected road from Dyersville to Colesburg in Delaware
are reported as follows:
county, a distanse of 20 miles.
—
Missouri Kansas & Texas Ry.— Kansas City Eldorado &
Sonthern.— Acquired Mortgage for .S450,000.—The Missouri
Kansas & Texas Railway Co. has bought the Kansas City
Eldorado & Southern RR., West Eldorado to Walker, Mo.,
on the M. K. & T., 13 miles, for $1, subject to its bonded indebtedness— $225,000 part of an authorized issue of $450.000 gold 68 due 1928.— V. 69, p. 643.
New Orleans & Western RU.—Meorganization Plan Operative.— The Peabody committee gives notice that first terminal mortgage bonds to an amount exceeding 87 per cent
and more than a majority of the second terminal mortgage
bonds have been duly deposited under the plan dated Aug. 1,
1899 (V. 69, p. 440), and that accordingly said agreement
has been ditly declared operative. The period within which
bonds may be deposited will expire upon Nov. 4, 1899, at 12
o'clock noon, after which time no bonds will be received except upon the express consent of the Reorganization Committee.—V 69, p. 645,
New York Central & Hudson River UR.— Quarterly.—
The estimated earnings for the quarter ending Sept. 30, 1899,
compare with the actual results in 1899 as follows:
—
—
3 months end.
Net
Other
Charges <£ Balance
earnings,
income.
Sink. fund, for stock.
1?99
$14,184,3^8 '$5,71 .;,820 $1,090,222 $4,244,671 $2,558,371
1898
11,761,899
4,520,444 1,090,968 4,089,198 1,522,214
Operating expenses in 1899 Include $701,700 new equipment and
other extraordinary items.
Sept. 30.
A
Gross
earnings,
dividend of
Tear—
1898-9
1897-8
— V. 69, p. 852.
Net
Gross
earnings,
earnings,
$122,545
408,949
$179,623
157,672
Other
Fixed
income, charges.
$3,850
28,807 $254,844
Balance,
deficit.
$152,190
New York Philadelphia & Norfolk 'RR.— Interest on Income Bonds. Two per cent, it is advertised, will be paid
Nov. 1 on the $1,000,000 income bonds, at the office No. 26
South Street, Philadelphia.—V. 68, p. 978.
Norfolk & Southern RR.— Norfolk Virginia Beach &
Southern RR.— Control.— We learn officially that a control-
—
ling interest in the $2,000,000 capital stock of the Norfolk
&
Southern RR. has been acquired by the Norfolk Virginia
Beach & Southern RR. Co., and that the price paid for the
majority interest (said to be about $90 a share) will also be
paid for the minority stock. John Carstensen, President of
the Virginia Beach road, has been elected. President of
the Norfolk & Southern.— V. 67, p. 950; V. 63, p. 459.
North Pacific Coast RR.—Callei Bonds.— Twenty-five
first mortgage bonds, it is stated, have been drawn for redemption Nov. 1, interest ceasing that date. V. 63, p. 400.
Ohio River RR.— Cincinnati Portsmouth & Virginia RR.
Denied. E. W. Warnick, Auditor of the Ohio River RR.,
in response to our letter of inquiry, telegraphs us as follows
No foundation for rumored lease traffic arrangements entered into
—
—
—
:
for through service, Pittsburg to Cincinnati via Pittsburg Cincinnati
Chicago & St. Louis, Norfolk
Western, Cincinnati Portsmouth
Virginia and this company beginning on or about Nov. 20.— V. 69, p.
&
&
852.
per cent calls for $1,000,000 quarterly.
Stock. Tne directors have voted to issue $15,000,100 stock,
raising the outstanding issue to $115,000,000, to pay for new
rolling stock. President Callaway is quoted as follows :
"
will have $12,200,000 of the $15,000,000 to spend. We
owe $2,800,000, borrowed at 4 per cent, to provide 5,000
cars, which are now being delivered.
With $10,000,001) of
the balance we shall provide the system with 10,000 cars, 50
coaches and 100 engines for freight and passenger service.
The remainder. $2,200,000, will purchase other rolling stock.
None of the $15,000,000 will be used for betterments.
These are paid for out of earnings, and the outlay is not
small, as we are constantly strengthening the road-bed and
bridges to make them equal to the wear and strain of increased and lieavier traffic.
" I have been asked why we do not pay for the rolling
stock out of earnings. The answer is
urgency.'
want
the rolling stock now to make earnings. It would take ten
or twelve years to acquire the rolling stock that we shall get
through the §15,000,000 issue of stock if earnings that could
be devoted to the purpose paid for it. Our system is now one
of 6,600 miles of road, and our rolling stock is used in common, so that the lines west of Buffalo get the advantage of
Oregon RR. & Navigation Co.— Exchange of Securities.—
Of the $7,718,600 common stock which is not deposited as
security for the income "B" bonds of the Oregon Short Line
RR. Co., $4,970,800 has already been acquired, along with
$7,959,004 of the $11,000,000 preferred stock, by the Union
Pacific see that company's statement below. V. 69, p.
all increase in rolling stock.
stock.— V.
—
1
We
'
We
—
—
591. 592.
—
Oregon Short Line RR.— Exchange of Securities. The
statement for the Union Pacific RR. below shows that of the
$7,185,000 Short Line Income A bonds $5,378,000 have been
exchanged for U. P.
4s; also that the holders of $13,376,500
$14,841,000 income B loan, which was exchangeable, dollar for dollar, for U. P. preferred stock, have
accepted the terms offered.— V, 69, p. 848.
Pittsburg & Western Railway Co.—Notice to Preferred
Stockholders. The committee consisting of A. Foster Higgins, J. Harsen Rhoades and C. W. Baker, announces that
over 87 per cent of the $5,000,000 preferred stock has been
deposited and that further deposits may be made with the
Knickerbocker Trust Co. on or before Dec. Ist. As to pending suit see last week's Chronicle, page 852. The Baltimore
Ohio RR. owns $6,515,000 of the $8,500,000 common
of
the
—
&
69, p. 852.
October
THE CHRONICLE.
28, 1899.]
Co. for income "B" bonds of the Oregon Short Line RR. Co.
may now receive the new preferred stock of the Union
Pacific RR. Company, The new stock is also ready for delivery to holders of certificates of deposit of the trust companies named above for preferred and common stock of the
Oregon RR. & Navigation Company. V. 69, p. 796.
Railways Compaii j General.— Acquisition.— The company,
reported, has purchased the Montoursville Passenger Ry.
extending from Williamsport to Montoursville, 5 miles, and
Watsontown Electric Ry. connectthe Milton Lewisburg
ing Wat?ontown and Lewisburg, 13 miles, making together
18 miles of road. The intention is said to be to connect them
and have a through line from Williamsport to Lewisburg.—
it is
&
907
,
—
West Jersey & Seashore ER.— Delaware River RR.—
Purchase.— The stock and bonds of the Delaware River RR.,
The which extends from Woodbury, N. J., to Penn's Grove, N. J.,
St. Loais Southwestern Rj.— Interest on Incomes.
directors this week announced the amount applicable to in- 20 miles, have been purchased by the friends of the West
The line will continue, however,
terest on the second mortgage bonds from the earnings for Jersey & Seashore system.
the first six months of 1899 to be $151,056 42, equivalent to to be operated under its own charter. At last accounts the
r678 per cent for the six months, or at the rate of 3 352 per property had outstanding 1250, COO stock and $65,000 bonds,
cent per annum on the $9,000,000 outstanding. There will of an authorized issue of $250,000.— V. 68, p. 972.
therefore be paid $16 78 on each coupon Jan. 1. The balance
Railyvay.—Reorganizntion
Zanesville & Ohio River
of the 4 per cent interest, it is expected, will be paid from
Plan Adopted The HoUins Committee (address 15 Wall
the earnings of the second half of the year. The firet pay- St.) has adopted a plan providing for the organization
ment on this loan, 2 per cent for 1898, was made July 1 of a new company with authority to issue 81,250,000 prethis year.— V. 69, p. 793.
ferred stock, 5 per cent non-cumulative, $1,000,000 common
Seaboard Air Line.— Ralefgh & Graston RR. Seaboard & stock, and $250,000 5 per cent first mortgage 50-year gold
Roanoke RR.— Florida Central & Peninsula KR.— Georgia bonds, subject to call at any time at 105 and interest. The
& Alabama RR.— Richmond Petersburg x Carulina KR.— proceeds of the $250,000 new bonds will be used to pay
To Vcte on C< nsohuation. The stockholders of the Raleigh $153,000 on account of receivers' certificates, floating debt
& Gaston RR. Co. will vote Nov. 29 upon a proposition to and costs of reorganization, and the balance thereof for
consolidate the company with the following railroad com- equipment of rolling stock with couplers and air brakes,
filling trestles, extensions, purchase of new equipment, etc.
panies, or any of them
The $2,000,000 present bonds will receive 50 per cent in new
Ralelirli & Augusta Air Line RR., Durliam & Xorthern Ry. Co
Roanoke & Tar River RR., Seaboard & Roanoke RR., Louisburg RR. preferred stock and 50 per cent in new common stock, leavCarolina Central RR., Palmetto RR., Ctiesterfleld & Kershaw RR., ing a reserve of $250,000 preferred stock, out of which all
Georgia Carolina & Northern Ry., Seaboard Air Line Belt RR., Georgia
& Alabama RR., Florida Central & Peninsular RR., Georgia & Ala- services of the committee are to be paid, also for settlement
bama Terminal Co., Logansport & Lawrenceville RR., Richmond of outside claims and expenses incurred for purposes of
Petersburg & Carolina RR., South Bound RR. Co. and the Pittaboro control.
RR.
The committee announces that over two-thirds of the
The stockholders will also consider changing the name of bonds having assented, the plan is declared operative.
the company to Seaboard Air Line RR. and increasing the
Further deposits will be received till Nov. 15.— V. 63, p. 556.
capital stock.- V. 69, p. 852, 542, 851; V. 68, p. 826.
Sioux City & Northern RR.-Sale Dec. 12.—The foreclosure sale is set for Dec. 12 at Sioux City.
V. 69, p. 744.
INDUSTRIAL. GAS AND MISCELLANEOUS.
Sutro RR.— Sutter Street Railway of San Francisco.—
Sale of Control.— Rohevt F. Morrow, President of the Sutter
Akron Waterworks Co.— Mortgage.— The company has
Street Ry., at the sale before Judge Coflfey in San Francisco filed a mortgage to the Farmers' Loan & Trust Co. as trustee
on Oct. 17, purchased, for $215,000, after spirited bidding, the to secure $600,000 of 20-year 5 per cent bonds for improve-
V,
69, p. 591.
—
—
:
—
—
:
,
—
interest of the Sutro estate in the Sutro Railroad Co.
The
total stock authorized is $400,000, of which the estate held
$213,100 and other parties $30,000, the remainder
being
unissued. In addition to the $213,100 stock, the sale, it is
understood, includes a depot site worth from $16,000 to
$19,000.
Terre Haute Electric Railway. Bonds to he Returned.—
The holders of bonds dated July 2, 1894, are informed that
by vote of a majority of the committee, (Brayton Ives 37
Wall Street, Chairman), the bondholders' agreement of Dec.
7, 1898,
has been terminated and that the bondholders are
entitled to a return of their securities upon payment at the
Metropolitan Trust Co. of their proportion of the expenses
—
ments,
etc.
—
& Georgia Iron Co. Incorporated. This
company, with a capital of $1 300,000, was incorporated at
Trenton, N. J., on Oct. 17. Of the stock $650,000 is 7 p. c.
Alabama
preferred; par value, $100. A broker's circular offering a
block of the preferred stock at par, with a bonus of 60 per
cent in common stock, says:
This company has taken over the properties of the Cherokee Iron
Co. and the Augusta Mining Co.. all of which are located in Cherokee
and Clebourne counties, Alabama, and Polk County, Georeia, and
comprise about 8,300 acres of mineral and other lands, developed ore
mlnep, blast furnaces, etc., including the Grady Iron Mine, recognized
as affording some of the best brown ore in the South, besides four
The
other mines all in condition to begin immediate operatiou.
furnace will produce 25.000 tons of pig iron a year at the maximum
cost of $8 per ton. The entire product has been contracted for to
The mines now comJanuary, 1901, at $14 per ton at the furnace.
prising the Augusta Mining Co. are capable of shipping 500, to 800
tons of ore a day, which can be delivered on cars at a cost not to
exceed forty cents a ton, and is readily salable at a dollar a ton or
more at the mines.
and moneys borrowed by the committee. V. 69, p. 334.
Third Avenue RR. of New Yor^.— Trolley Replaces Cable.
The motive power of the line between 65th Street and
Harlem Bridge was on Monday changed from cable to
electricity, through cars running over the Third Avenue and
125th Street lints without change at 125th Street. Within a
The directors are as follows:
few days, it is expected, the change will be made on the Third
Eugene Zimmerman of Cincinnati, Archer Brown of New York,
Avenue line from 65th Street to 6th Street, while from 6th Charles Rldgely of Springfield, 111., F. M. Jeflferyof East Grange, N. J.,
Street to City Hall it is hoped to make the change early in and Phillips Isham of Brooklyn.
The office in this city will be at 71 Broadway, N. Y.
November.— V. 69, p, 795.
American Bell Telephone Co.— Bonds.— In last week's
Toledo St. Louis & Kansas City RR.— 0»^?o?i.— We learn
Chronicle (page 826) we gave the capitalization of all the
officially that holders of more than $4,000,000 of the $9,000,000 first mortgage bonds have assented to the proposition licensee companies. Below are the details of the several
giving H. O. Armour, O. T. Bannard and M. S. Paton an op- loans
BONDS OF BELL OPERATING COMPANIES.
tion to June 1, 1900, to purchase the certificates of deposit
representing their holdings for cash at par and interest at 4
Maturity.
Interest.
Vate.
Afloat.
per cent from Dt- cember, 1892, the date of first default.
1925
'f 5abt.$940,000
5g.A-0
BellTel. Canada deb., gold
'98
100,000 5 J-D 1903-1918
Central N. Y. T & T. deb
Sale. — It is expected that on Nov. 8 the court will fi? the
—
:
date for the foreclosure sale.
Paym nt of Receiver's Certificates. —The court has authorized Receiver Hunt to take up $60,000 additional certificates,
making $14(i,000 expended by the receiver for this purpose
and leaving only $140,000 receiver's certificates outstanding.
—V.
69, p. 795.
New
Union
P».ciflc RR—Listed.-The
York Stock Eschange has listed $5,378,000 additional first mortgage 4 per
cent gold bonds of 1947, making total amount listed to date
$95,378,000; and has authorized the listing from time to time,
prior to Jan. 1, 1900, of additional amounts of 4 per cent
bonds, to an aggregate not exceeding $6,500,OCO, upon official
notice that said bonds have been issued io exchange for
Oregon Short Line RR. Series A, 5 per cent income bonds.
The New York Stock Exchange has listed also $21,335,500
additional preferred capital stock and $4,970,800 aoditional
common capital stock, making total amount of preferred
capital stock listed to date $96 335,500, and of common capital stock $92,651,300; and has authorized the listing from
time to time, prior to Jan. 1, 1900, of additional amounts of
preferred capital stock up to $25,000,000, and additional
amounts of common capital stock up to $7,718,600, upon receipt of official notice that said stock has been issued in exchange for Oregon Short Line Income B bonds or for Oregon
Railroad & Navigation Company common or preferred stock.
New Securities Ready. The holders of certificates of deposit of the Mercantile Trtist Co. and the Old Colony Trust
—
Central Penn. Tel. & 8. Ist M..
Central Union Tel. let
Consol. M., $6,000,000, gold
Chesapeake & Pot. 1st M., 8. f..
Consol. M., $1,500,000
Cumberland T. & T. 1st M., g...
EastTetineeseeTel. Ist M., g..
Iowa Tel. Co. Ist M., $500,000.
M
. .
A-O
1925
13.5,C0O 6
'96
rtl906-'16
'96 n2, 500,000 6g. J - J
al! 09-'19
'99
1,500,000 5g. J - J
sl911
'94 abt. 300,000 5g.J -D
'99
(r)
5 M'98
»il,000,000 5g.J - J arjan. 1918
61903-'18
Jil50,000 eg. J - J
'98
^1922
'97
275,000 6g.J - J
Mo.&Kan.Tel.l8tM.$l,250,C00'99
None
487,000 6 A-O Apr., 1900
deb., 2d8er.. '90
dl^01-'19
8er. 3to5,$500 OOOeach.... '91-3 nl,500,000 6 A-O
8er. 6 to 8, $500,000 each.... '95-9 h1. 500,000 5 A-O a-'lS-'ie-'lS
»i285.000 5g. J - J a;Julyl9l7
Michigan Tel. Ist M.,g.,s. f.... '97
2,500,000 5g.J - J Jan., 1929
Consol. M., $5,000,000 gold.. '99
1,350,000 5g.M-N xMay 1,'20
N. Y. &N. J.Tel. lstM.,ff..8. f. 'FO
nl,925,000 5g.M-N jMay,1918
N. Y.Tel. (Met. T.& T.) Ist M.,g. '88
n30 ,000 5g.F-A Feb., 19.6
N.Y.&Penn.T. &T. lstM.,g.. '96
MAp.1,1918
200,000 5g.
PennsvlvaniaTelephonelst M. '99
700,000 5ff. J-D Dec, 1948
So. N. Eng. T.l8tM.,$l,000,000 '98
'93
?i750,000 6g. J - J arjuly,1913
Sunset Tel. & Tel. Ist
'99
None
Consol. M., $3,000,000
NewEng.
T.
&T.
AO
M
Am.
BONDS OF STOCK-OWNING COMPANIES.
j;July,1908
'93
10,000,000 4 Jcl«00 '09
Jil,000,000 eg.A-O
col. trust, g.... '94
Bell Tel. debentures
Erie Tel.
&
Tel.
Col. Trust.. $4,000,000
s.
f... '96
Debentures, gold, $5,000,000 '99
3,880,000 5g.J - J
3,000,000 5g.J-J
a;July,1926
July, '28-9
"a." "b," "c" Subject to call on (or after) date first named, viz.: "a"
at 105; "6" all at l62»9, also sinking fund $3,000 yearly, beginning in
1900; "c" 10 p. 0. redeemable yearly after 1899; "d" each series subject to call at 102 ten years after date of issue " s " redeemable after
June 1, 1896, at 103 and interest; " I" redeemable after Jan 1, 1907,
at 102 and interest; "m" redeemable after April 1. 1908, at 102 and
interest; "x" not subject to caU; "s' $500,000 reported sold;
more issuablc-V. 69, p. 284, 674, 826.
;
"n"Xo
THE CHRONICLE.
808
—
—
The
American Bicycle Co. Announcement - Offices.
company, in a statement outlining its policy, says
The corporation, whicli is made up of over forty concerns, some of
:
tlitm the largest and oldest bicycle companies in this country, control
over 900 patents. While the policy will be that of licensing concerns
o utside who may desire to use the features controlled by the ratents,
a just regard for its own interests will compel the careful investigation of suspected infringements. In addition to the other patents the
company has purchased the so-called " Owen (Smith) Bottom Bracket
Patent," which is a basic patent on the present style of safety bicycle.
A good many of the factories owned have experimented more or less
with motor carriages, and in one or two Instances whole departments
have been devoted to the production of this class of vehicle. One of
the largest factories has been set apart for the exclusive manufacture
of automobiles and it is already behind on its orders.
Building.
The company's offices are now in the Park
69, p. 696.
Row
—V,
[Vol. LXIX.
merchandise warehouses in Chicago, viz.: The
Central, Importers, Morgan's, John Druecker's, the Belt Terminal, and Sibley's warehouses.
Chicago paper said:
The capital stock authorized is $4,000,000 {half 6 per cent cumulative preferred) but the present issue will consist of $1,400,000 preferred and $1. 400,000 of common stock. One share ($100) common
stock is to be given with every $100 of preferred. Of the $1,400,000
to be realized from the preferred stock, $500,000 is to be paid for the
realty and $767,000 for the good-will of the selling concerns. This
will leave a working capital of $133,000 on hand for carrying on the
business. Thomas L. Chadbourne and Carl Silver are named as the
chief promoters of the combination. William R. Manierre, proprietor
of the Central warehouse says: " The concern ought to earn more
than the 6 per cent for the preferred stock. Prices lor storage in
Chicago have been cut one-half in a few years, and are now less than
six leading
A
half those in Mew York. The principal articles stored are tea, coffee,
sugar, canned goods, liquors, cased goods, and cisars, free and in
bond. No houses taking perishable goods exclusively are in the combination."
American Car & Foundry Co.— Earnings.— The company
makes the following report of gross and net earnings for the
Colorado Fuel & Iron Co.— -Listed.— The New York Stock
quarters ending respectively May 31 and Aug. 31, to which Exchange has ordered that $2,000,000 additional common
we add the amounts required to pay the quarterly dividend stock be listed on Nov. 10. 1899, making total amount listed
on the $29,090,000 of preferred stock:
at that date $13,000,000, The purpose of the new issue was
Total
Quarter end- Quarter endstated in the official circular printed in the Chronicle of
ing May 31. ing Aug. 31. 6 months.
Sept. 23, page 652.
$9,157,'96 $10,033,175 $19,190,971
Gross earnings
9,102,263 17.601,242
Continental Paper Bag Co.— International Paper Co.
Operating expenses, etc
8,498,979
New
Enterprise.— The Continental Paper Bag Co., which was
$P30.912 $1,589,729
Applicable to dividends
$658,817
incorporated
in Maine some months ago with $5,000,000 auQuar. div. on pf. 7% stock equals..
509,075
1,018,150
509,075
A
$421,837
$571,579
Balance for common stock, etc. $149,742
Surplus on hand Aiig. 31, 1899, after paying the first dividend, that of July 1, on preferred stock
$1,080,353
'•Allowance, however, should be made for depreciation."
Orders. An official statement shows that the company has
received orders, within a little over a week past, for 21,100
coal, box, stock, or flat cars, or gondolas, viz
New York Central, 4,000 coal, 5,000 box, and 500 flat cars; Pennsylvania, 2,000 box, and 1,500 coal cars; Lehigh Valley, 2,750 box,
300 coal cars, and 250 gondolas; Reading 2,000 coal cars; Delaware
& Hudson. 300 coal cars; New Haven, 500 coal cars; Norfolk & Western, £00 stock, and 200 coal cars; Missouri Pacific, 1,300 box cars.
The company's average capacity is about 7,500 cars per
month, and with the orders previously received it is now engaged until well into next year. No orders are being accepted at present for passenger coaches, owing to the demand for freight cars. V. 69, p. 54'i.
—
:
—
American Malting Co.— Status. — The "New York Sun
'
of Thursday says that steps have been taken toward placing
the finances of this company on a more satisfactory basis,
the working capital originally provided not being ample for
its largely increased business.
The "Sun" says:
When the company was organized, it took over twenty-three malting plants and started business with a working capital of over $2,000,000. It has since acquired fourteen more plants, increasing its capacity more than 50 per cent, and also an extensive sy'stem of grain
elevators in the Northwest, so as to lessen the cost of buying and storing its raw material. Treasury stock has been issued in part payment
for these plants, and some of it was sold last winter to a syndloate,
which included a large number of brewers, at 80 for the preferred and
30 f(ir the common stock. The company's working capital as well as
earnings in excess of the amount required to pay the preferred stock
dividends have been drawn upon to complete the purchases referred
to until the original working capital has been cut in two.
These facts, together with the company's money requirements in conducting its increased business, has made it a
borrower, and the activity in the money market has hampered
its
operations.— V.
69, p. 335
thorized capital stock, has purchased the Elsas Paper Co.
majority of the capital stock of the Continental Company is
owned by the International Paper Co., and, as stated in the
Chronicle of S^pt. 2, page 494, the factory being built at
Ramford Falls, Me., by the International Paper Co. for the
Continental Bag Co., will have, when completed, a capacity
of 10,000,000 paper bags daily.
The International Paper
Company's plant at Rumford Falls has a daily capacity of
150 tons of manila paper, 100 tons of mechanical pulp and
100 tons of sulphite pulp. Herman Elsas i3 President of the
Continental Company. Of the latter company's capital stock
$2,500,000 is preferred.— V. 69, p. 593.
Daylight Prism Co. of Pennsylvania— Daylight Prism
Co. of America. Listed in Philadelphia Dividends. The
Philadelphia Stock Exchange has listed the $75,000 preferred
stock of the Daylight Prism Company of Pennsylvania; par
value of shares $50, full paid. There is also $500,000 common stock, all issued full paid for property purchased;
regular dividend of 4 per
funded debt none. Dividends:
cent and 2 per cent extra was paid on the preferred stock
July 31, 1899, and the regular quarterly dividend of 2 per
cent on the common stock and an extra dividend of 2 per
cent on the preferred stock is payable Oct. 31.
The company was incorporated Jan. 6, 1898. under the
laws of West Va. and has exclusive rights in Pennsylvania,
New Jersey, Delaware, Maryland, Virginia, West Virginia,
Connecticut and Rhode Island. The glass prisms manufactured are used to reflect daylight for interior illumination.
The Daylight Prism Co. of America has
Allied company.
been incorporated in New Jersey with authorized capital
M.
stock $2,750,000.
lacorporators: W. D. Maheney,
Crawford, W. E. Taylor, C. C. Cunnard, George H. B. Martin.— V. 68, p. 231.
Detroit City Gas Co.— First Dividend.— The company has
declared a dividend of 2}4. per cent, payable Nov. 15. For
the nine months ended Sept. 30, 1899, the earnings are reported as $370,894, an increase of over 32 per cent as compared with the same time last year. V. 66," p. 1237.
Federal Printing Ink. — Consolidation in Abeyance.
For the present at least the proposed consolidation is aban-
—
—
A
—
H
Birdsboro Iron & Steel Co.—PZan Reported Off.—The
plan under which this company was to be financed is reported to have been abandoned, but without affecting, it is
said, the scheme for organizing the Atlantic Iron & Steel
Co., with authorized capital of $20,000,000.— V. 69, p. 852.
doned.— V. 69, p. 1225.
Boston Electric Light Co.— New Stock.— The stock having
Federal Steel Co.— Carnegie Steel Co.— Orders for Steel
been increased from $2,500,000 to $3,000,000, the new shares Bat/s.- Regarding the orders for steel rails placed this week
are offered to stockholders of record Aug. 8 last, one new with these and the other leading steel companies, the "Iron
—
share for five old shares held, at $150 per share. Shares not
subscribed for by Nov. 15 will be sold at public auction.—
V. 69. p. 335.
Carnegie Steel Co.— Lake Superior Consolidated Iron
Mines.— Ships on the Lakes. The "Marine Review" of Cleveland says: "Lake vessels capable of moving 17,798,000 gross
tons of iron ore in 1900 are already in the hands of the ore
companies, either through charter or through ownership of
the vessels. John D. Rockefeller's representatives have
6,300.000 tons of it. Whether all of this capacity will be
used in the ore trade or not is a question that cannot be arswered, but the situation is certainly one that should cause
considerable anxiety among the shippers of grain and other
commodities, coal included. At no time in the past have the
vessels been tied up to season contracts as they are for 1900.
This is due mainly to the struggle between the Rockefeller
and Carnegie interests for control of the great bulk of the
capacity."- V. 69, p. 8o3, 336.
—
Century Coal Co.— New Enterprise.
— "Baltimore Sun" says:
The company has bought from Major Alexander Shaw the coal propcity, consisting of 12.000 acres, bought by him during the summer,
and situated in Barbour and Upshur counties. West Virginia. In
order to develop the property it will be necessary to build a railroad 6
miles long to connect with the Baltimore & Ohio RR. The mines will
be opened in the early spring. Their most valuable veins are the
" Pittsburg," containing a gas coal, and the " Sewlckley," which underlies The whole property, and is a steam coal, fitted for the Eastern and
foreign markets.
The company
is
a West Virginia corporation and
ized to issue $1,000,090 capital stock. Besides
Gen. John Gill and others are interested.
is
author-
Major Shaw,
Chicago Warehouse Co. Consolidation. — This company
was incorporated at Trenton, N. J., on Sept. 27 to absorb
Age "
—
says
The opportunity given to the railroads to come in at $33 per ton
before the price was raised to $35 seems to have been very widely
availed of, and in some instances the tonnage placed by individual
road* was very large in others it was below the usual quantities.
The movement now culminated began in August, and a good deal of
tonnage was placed at from $28 to $29. The total now on the books
;
for 1900 delicery is variously estimated at 1,200,000 tons to 1,5C0,000 tons, not including from 200,000 to 300,000 tons to be carried
over from the current year.
Among the recent sales are 145,000 tons for the Harriman systems,
105,000 tons for the Pennsylvania, distributed among the mills on the
line of the road ; 50,000 tons for the Illinois Central, 35,000 tons for
the New York Ceutral, 40.000 tons for tlie Baltimore & Ohio, 40,000
tons for the St. Paul, 40,000 tons for the Union Pacific, 40,000 tons
for the Chicago & North Western, and a large block for the Louisville
Nashville. The Lehigh Valley order went to Pittsburg. Practically
all the coal roads aud all the New England roads have placed their
orders. The Great Northern, which It was expected would call for a
very large quantity, has placed only 15,000 tons. The report is current that since the advance to $35 has taken place an order for 20,000
tons has been entered for one road.
Since the capacity of the mills is about 2,250,000 tons, the works are
now engaged very considerably beyond the first half of the coming
year.
&
The purchase made by the Baltimore & Ohio is mentioned
under title of that company. V. 69, p. 745, 853.
Glucose Sugar Relining Co.— Decision.— President C. B..
—
Matthiessen, regarding the recent decision, says
"There has been such confusion in the public mind about the decision
and its ellect on this onmiiany that a word or two is not out of nlaoe.
If the final court of review stands by the opinion just delivered, this
company will cheerfully conform its course along the lines whloli the
highest court shall direct. Courts do not destroy property and where
the court holds that certain methods are contrary to statute, It has
been, and 1 believe will always be, that the parties in interest are
permitted to conform to the court's requirements without sacrificing
or destroying corporate property or stockholders' interests.
If finally
)
October
THE CHRONICLK
28, 1899.]
the decision in the Harding case stands, the proper steps to protect the
Interests of the company and Its stockholders can and will be promptly
and decisively taken."- V. 69, p. 853.
New York Stock Excompany's $1,100,000 first mortgagee
per cent gold bonds.— V. 68, p. 233.
Application for Sale Still
Herring-Hall-Maryin Co.
Gramercy Sngar Co.— Listed.— The
charge has
listed the
—
— The
application for a decree of sale is still pending. At a hearing on the 13th inst the holders of 1,500 shares
of preferred stock asked that the principal factory, which is
located at Hamilton Ohio, should be sold separately. The
matter was again adjourned for three weeks to Nov. 13. V.
Pending.
,
—
69, p. 745.
(N. J.) Gas Co.— Bonds OJ'ered.— Edward
C. Jones & Co. are offering $200,000 of the company's 1st
mortgage 50-year gold 5 per cent bonds at 105 and interest.
Hndson County
V.
69, p. 796.
Hudson Rirer Power Transmission Co. of MechanicY.— Albany Railway.— O/^cer.'?, Capitalization, Etc.
— Reference was made recently to the contract under which
the Power Company will supply the Albany Railway with
yille, N.
which will be transmitted from Mechanicville to
the railway at Watervllet, a distance of 12 {not 18) miles. A
letter of inquiry regarding the Power Company elicits the
following from one in a position to know the facts
President, Gen. F. M. Green; Treasurer. Ira Atkinson, New York
State corporation; capital stock. $750,000; bonds, $500,000. The
capacity of the plant is 7,000 horse power. The dam and all work
from bed of river up is made of Portland cement concrete, perfectly
water tight. This has stood the test of two winters and two spring
freshets, and is pronounced as one of the very best of concrete work
electricity,
:
of its class in the United States.— V. 69, p. 541.
Illinois Fuel & Power Co. of Sparta, 111.— ^oZ'i.— At the
foreclosure sale on Oct. 21 this property, including 1 ,062 acres
of coal land at Rosborough, 111., was sold for |24,500 to W.
S. Ingraham of Bristol, Conu., representing the bondholders.
The Farmers' Loan
Trust Co. was trustee under the $125,000 mortgage of February, If 98, foreclosed.— V. 69, p. 229,
&
James-River Falls Paper & Pulp Mills Co.— Mortgage for
$5C0,i 00. — The company has made a mortgage to the Virginia Trust Co. of Richmond, as trustee, to secure $500,000
first mortgage 6 per cent coupon gold bonds, dated Oct. 2,
1899, $1,000 each, due October. 1949, interest A. & O.
Pascal Davie is President and R. H. Meade Secretary.
Knoxville (Tenn.) Water Co.— The company will, it is
understood, issue about $600,000 in bonds for improvements,
including a large intake water tower in the Tennessee River.
909
holders and that the purchase price is the fair value of the
assets and good-will of the company. All of them have
elected to take stock rather than cash for their several holdings.
In connection with the execution of this agreement,
it will be necessary to dissolve this company, and the directors have therefore, by unanimous vote of all the members,
expressed their intention to dissolve the company on Dec. 30,
1899, unless the dissolution shall be objected to by a majority
in interest of the shareholders."
Increase of Dividend, The Pullman's Palace Car Co. has
increased its dividend rate (reduced to 6 per cent last spring,
following the increase of stock from $36,000,000 to $54,000,quartei ly dividend of $2
000) to 8 per cent as formerly.
per share (number 131) has been declared, payable Nov. 15,
to stockholders of record Nov. 1, lb99.
Change of Name— New Directors.
circular to the stockholders of the Pullman's Palace Car Co. says:
" Your board of directors has completed negotiations with
the board of directors of the Wagner Palace Car Co. for
the purchase of all the assets and property of the Wagner
Palace Car Co., including its contracts with railway compariies, for which this company is to pay to the Wagner
Palace Car Co. two hundred thousand shares [$CO,000,000] of
stock of this company, the capital stock to be increased
accordingly for that purpose. Your board has taken this
action af'er careful consideration, and is unanimously of the
opinion that it is for the best interests of the company that
it should be ratified by you.
" Your board of directors is of opinion that the number of
the beard should be inert ased to not less than eleven; and if
this increase be made, the board would suggest for election
to the new places thus created Messrs. William K. Vanderbilt, J. Pierpont Morgan, Frederick W. Vanderbilt and Dr.
W. Seward Webb, who have signified their willingness to
serve as directors.
" Your board of directors also corsiders it advisable that
the name of this company be changed so that it shall be The
—
A
—A
Pullman Company."
The meeting to vote on these matters is set for Dec. 5. The
last annual report will be found on a preceding page.
V.
—
69, p. 850, 854.
—
Railroad Equipment To.
standing bonds, Series
payment on Nov.
B
76
Called Bonds. All the outSeries B 80 are called for
and
15th, 1899,
when
interest will cease.
State Trust Co. as trustee, 100 Broadway,
will make the payment. V. 69, p. 178.
—
it is
The
understood,
—
Republic Iron Co.— Option Expires. The sale of the comNew Otleans Brewing Association.— So ?e Confirmed.— pany's property has not been effected, the options recently
The foreclosure sale was confirmed on Oct. 20.— V. 69, p. 442. given authorizing the sale for $3,000,000 having expired.
Ontario Lake Superior Co.— Consolidated Lake Superior
— Stock
Offered.— The Ontario Lake
Superior Co. has been organized by the interests which control the Consolidated Lake Superior Co.
The new company
is authorized to issue $6,000,000 7 per cent non cumulative
preferred and $14,000,(00 common stock, and will own the
entire capital stock of the Algoma Commercial Co. and the
Algoma Central Railway. It -vt ill thus, it is stated, hold title
to some 2,000 square miles of timber and mineral lands, adjacent to the Canadian lands of the Consolidated Lake Superior Co. A railroad line is to be built as part of the project (without the sale of bonds), and. 40 miles is to be in operation next year, from Michipicoton Harbor, on Lake Superior, to two hematite iron mines owned by the Consolidated
Lake Superior Co. in the Michipicoton range. The plan is
eventually to extend the road 120 miles to connect with the
Canadian Pacific at or near Missanabie.
The Ontario Company, it is said, will begin business with
favorable contracts on hrnd, under which it will handle
large amounts both of timber and iron ore, the expectation
being expressed that during the first year 1,500,000 tons of
ore will be carried for the Consol. Lake Superior Co. for
Stephenson Bros, of Philadelphia are receiving
$750,000.
subscription to the preferred stock, $10 to be paid in December and $10 every six months thereafter until the whole sum
due is paid. A bonus of 50 per cent of full-paid common
stock wrll be delivered to subscribers when the first payment
on the preferred is made.— V. 69, p. 441,
Phflpnix Iron Co.— Increase of Stock.— The stockholders
have voted to increase the stock from $800,000 to $1,500 000,
to consist of $700,000 of common stock and $800,( 00 of
preferred stock. It is understood that the new issue has
been underwritten. George C. Thomas, E. T. Stotesbury
and John Lowber Welsh have been elected directors.
Co.— Allied Enterprise
Pullman's Palace Car Co.— Wsgner Palace Car Co.—
—
The facts regarding the proposed consolidation are stated in a circular to the stockholders of the
Wagner Company as follows:
•'
The board of directors of the Wagner Palace Car Co. has
made an agreement with the directors of Pullman's Palace
Car Co., subject to the ratification of the /shareholders of
both companies, for the sale of all the assets and property of
this company to Pullman's Palace Car Co.
The purchase
price is to be paid to the several shareholders in this company
through its officers, either in cash at the rate of $180 per
share, or in the stock of Pullman's Palace Car Company at
the rate of share per share, at the election of stockholders
respectively. For this purpose Pullman's Palace Car Co. is
to increase its stock by the addition of 200,000 shares. The
action of the directors in making the agreement was unanimous. They believe it to be advantageous to the shareOfflciol Circidar.
V.
69, p. 339.
United Fruit Co.
—
Acquired. President Preston confirms
the report that the Blue field Steamship Co., Comors & Wein-
berger, Comors & McConnell and Orr & Laubenheimer have
been absorbed by the United Fruit Co. These four companies will maintain their separate organization, but stock
control having been purchased, the United Fruit Co. will
control the policy of the business. These companies are
principally engaged in the banana trade, and do a business
of somewhere between 800,000 and 1,^00,000 bunches a' year.
The United Fruit Co. now has a virtual monopoly of the
tropical fruit trade of the country. There are small outside
companies in Philadelphia and Baltimrre, but their trade is
insignificant.
"Boston News Bureau." V. 69, p. 854.
United States Iron Co.— Incorporated. This company has
been organized under the laws of New Jersey to manufacture
steel and iron.
Authorized capital stock, $1,000,000, It corporators: William H. Brearley, Clifford W. Perkins, Kenneth
K. McLaren.
United States Leather Co. Rockefeller Interest,— Rnxnora
of large purchases of the company's shares by Rochefeller
interests have brought out the fact that John D. Rockefeller,
Jr., has bought a block of the common stock.— V. 69, p. 854.
United States Steel Co.— /« corpora fed.— This company,
with office in Boston, was incorporated at Wheeling, W. Va.,
on Sept. 11, to do a general steel business. Capital, $3,000,000. Incorporators: H. B. Whall, C. S. Miller, I. P. Hutchin-
—
son,
—
—
W. W. Montgomery,
E. L. Tierney, all of Boston, Mass.
York (Pa.) Light, Heat & Power Co.— York Telephone
Co.— Purchased. These properties have both been purchased by a syndicate headed by Edward C. Jones & Co. of
this city and Philadelphia.
Mr. Jones says
—
:
Both properties are in prosperous condition. The electilc concern
furnishes electric light, heat and power simply for York. There is a
gas company there, too, but our corporation is doing the bulk of the
business. The telephone company's lines are now being extended to
Baltimore, Md., v hich is not many miles away from York, and to Lancaster, Pa., as well as to other outlying points. It is a rival to the Bell
people, who also have a telephone service in York.— V. 68, p. 1184.
—
George H. Daniels, the New York Central General Passenger Agent, delivered an interesting address on Wednesf'ay
before the International Commercial Congress in Philadelphia. Mr. Daniels's paper was --American Railroads— Their
Relation to Commercial, Industrial and Agricultural Interests."
— James P. Geddes, 15 Broad Street, issues from time to
time selected lists of investment bor ds. These lists will be
sent on application.
—Edward C. Jones & Co. offer for sale a block of Hulson
County, N. J., gas bondp. See their advertisement on page 924.
THE CHRONICLE.
910
[Vol. LXIX.
due to the falling off from last year in shipments over our
road from theCoeur d' Alene and Kootenay dist'lcts going
to Colorado; but the ore business originating on our own
road shows a gain.
CO.
RIO
The relative tonnage and revenue from other classes of
traffic are shown in tabular form in the pamphlet report.
ANNUAL REPORT— YEAR ENDING JUNE 30th, 1899. United States Govt, supplies show an increase of $10,000.
The carriage of Fuel, Ores and Bui ion, considered in
block, shows an increase of 27,449 tons, and the revenue an
October 20th, 1899.
To the Stockholders of the Rio Grande Western Kailway Co.: increase of $44,224, exceeding even last year's heavy results
by 4*4 per cent in tonnage and 4*3 per cent in revenue.
The Receipts from Operation were... $3,352,988
There are some signs of a resumption of the demand for
NetEarningB
$1,268,463
Deduct Taxes and Insurance
111,340
stone and other building materials in the towns the tonnage of such articles having increased some 41 per cent over
Actual Net Earnings
$1,157,123
the low level of last year and those recently preceding it.
Fixed Charges
670,279
The number of Passengers carried was greater than in any
"^tpoxis
and ^ocxxmtnis.
GRANDE WESTERN RAILWAY
—
Surplus Earnings for the Year
of which the full dividend has heen paid on
$6,700,000 Preferred Stock, or
$486,844
Out
Leaving Surplus Income for the Year
the Surplus of June 30th, 1898
Adjustments Aoo't Taxes prior to July Ist, 1898..
Add
Less: Dividend on Common Stock (2%)
paid in Preferred Stock at par
$200,000
Expenditures for Betterm'ts charged
to Profit and Loss
50,000
334,810
$152,034
$269,180
2.230
$271,410
250,000
21,410
Surplus of June 30th, 1899
$173,444
The accounts for the year are closed as above, but
on August 30th the Board of Directors decided that
of the above surplus there should be transferred and
added to the Company's "Insur. Fund " the sum of..
compared with 4 25
$25,000
And
that a dividend of one per cent should be paid
in Preferred Stock at par on the $10,000,000 Common
Stock, amounting to
100,000
The Receipts from operation were practically the same as
for the previous year; but for the last half the increase was
$64,184, or 4 per cent, as compared with the results of the
same
six
months
year heretofore, being 350,051, or a gain of 13'78 per cent.
Local passengers, however, gained over 22 per cent and
comprised nearly 77 per cent of the whole. The increase in
passenger revenue was nearly 20 per cent. These figures
indicate a pretty full resumption of the activity which accompanies a period of general prosperity.
The average receipt per passenger was 1*91 cents per mile,
against 1-74 cents last year, a gain of 10 per cent, due to a
less proportion of excursion and through travel.
The number of passengers carried one mile was 36,974,587,
a decrease of 3 per cent, due to a falling off of 7,275 in
through passengers, or 10 per cent. This was by reason of
the Christian Endeavor travel of last year. Excluding this,
there was a considerable gain in trans-continental travel.
The average number of passenger cars in train was 4*34,
of 1898.
From
all
last year.
all lines (including
business and
branches) the
receipts averaged $5,738 per mile, as against $5,939 per mile
last year; and the net earnings (after deducting taxes and
insurance), $1,9S0 per mile, against $2,089 per mile last year.
The entire line now operated is 584-38 miles, all of which
was worked during the year. The total owned and leased,
including 11 miles of tramway, is 595*68 miles.
Besides the 25 miles of new line refen-ed to in the circular to Stockholders of last March, the cost of which was
provided by $500,000 of the $1,500,000 Consolidated Bonds
then sold, it was subsequently found desirable to extend the
Provo Canon Branch on to Heber, the capital of that valley,
and to build another branch to an important newly developed field of coking coal at Sunnyside -making 25 additional miles and giving a total of 50 miles of new line. Of
these branches that from Provo to Heber, about 25 miles,
was completed in September. To provide the cost of the
remaining 25 miles a further issue of $5n0,000 Consolidated
Bonds will, upon their completion, be available under the
conditions of the mortgage.
In a circular letter to the stockholders on March 7th last,
the considerations were fully set forth which prompted the
Board to authorize a Consolidated Mortgage to provide for
the further development of the property, by building as required, additional branches and extensions and acquiring
new rolling stock and other additions to the property. This
action of the Board was ratified by the Stockholders on
April 14th, and the mortgage for 50 years from April 1st,
1899, has been executed and delivered to the State Trust
Company of New York. It is secured upon the entire
properties of the Company, subject, as to a part, to the existing (4 per cent) first mortgage. The Consolidated Mortgage
is a first lien on 110 miles previously constructed, and upon
all lines thereafter constructed or acquired with the proceeds of these bonds, and upon $383,000 new equipment
The Net Earnings were about 2 per cent less than for the
previous year when they were the heaviest the Company
has enjoyed.
The Operating Expenses show a slight increase, $15,348, or
seven-tenths of one per cent, which, as shown in the report
of the General Manager, was caused, in face of a considerable reduction in the cost of conducting transportation, by
larger outlaj^s on Roadway and Rolling Stock. Besides laying 75-pound rail on 37 6-10 miles of main line and taking
up lighter sections of rail on the Bingham, San Pete and
Coal Branches, and relaying with heavier rail from the main
line, a considerable amount of permanent ballasting was
done, rigid were replaced by spring frogs, banks were
widened, etc.
The saving in conducting transportation amounted to $67,000, due principally to a reduction in
car hire, loss and damage to freight and injuries to persons
and property, and in fuel and service for freight trains. All
of this saving was expended on Motive Powdr,
350,000 Passengers were carried without casualty except
that one passenger was killed by falling from the train
cause unknown and that two others were slightly injured
by the derailment of a tourist car.
In accordance with the policy of the Company to effect a
gradual but continuous improvement of the permanent way
and structures, the Betterments shown in the General Manager's Report were made during the year at an outlay of
$186,806. These Include changes in the main line to effect
some radical reductions in gradient and curvature, new already provided, and on all future equipment that may be
machine shops, station and other buildings, new spurs and acquired with the proceeds of any of these bonds.
The following is a list of the new equipment so far proside tracks, substitution of heavier for lighter rail and advided, the actual title of all of which has, however, only
ditional right of way, depot grounds and water facilities.
The cost of each detail of these Betterments is shown in been acquired by this Company since close of fiscal year:
the Auditor's Report.
3 Dining Cars,
417 Box Cars.
4 Chair Cars,
97 Stock Cars,
These outlays are greatly improving the Road and appur2 Coaches,
25 Steel Coal Cars.
tenances and adding to the speed, safety and economy of
2 Baggage Cars.
—
—
operation.
We
have had another year of prosperous conditions, the
result of a high degree of business confidenc e and success
in our section.
The local business (freight and passenger) furnished 48
per cent of the total revenue a gain of $190,138 over the
previous year, or 13 '4 per cent.
The freight tonnage was 1,093,935 tons (about
of one per
cent less than last year), and was carried at an average rate.
1-276 cents per ton per mile
of
1*22 cents last year
as against
The average haul of one ton was
178 miles
against
189 miles last year
and the tons hauled one mile were.. 194,911,609
a decrease of 6'6 per cent.
The average number of freight cars in trains increased
from 19 (last year) to 20.
The local tonnage gained 12'8 per cent, and amounted to
60 per cent of the total tonnage. The revenue from it increased 13 per cent.
Coal (bituminous and anthracite), with coke and charcoal, contributed 461,019 tons, or 42 per cent of our total
tonnage and 27'6 per cent of the total freight revenue. This
(fuel) tonnage increased 57,386 tons and its revenue $82,584,
each 14 per cent over last year.
TZiC Ore business shows a falling off of 26,233 tons, and the
revenue therefrom $23,890, or 7 per cent. This decrease is
—
%
Issues have been made of the 50-year 4 per cent Gold
Bonds* under this mortgage as follows
To acquire the $2,850,000 First Mortgage Bonds (being
the entire issue), and all other securities of the Tintio
Range and Sevier Railway branches, covering 110 miles
at $20,000 per mile (formerly in the Company's Treas$2,200,000
ury Reserve)
2d: To retire the same amount of old First Mortgage Main
Capital
Line Bonds heldln the Company's Treasury as a
800,000
Reserve'
3d: To provide additional equip nent and to discharge car
pay
to
and
trusts and other indebtedness for equipment,
' .QOO.OOQ
for certain additions to the property
$4,000,000
Total
500,000
Which with anaddrtional'.'.ir.r.llil
not yet issued (but now issuable for 25 miles of the new
line completed •iuce June 30, 1899). make up a total of. $4,500,000
Of these Consolidated Bonds there were sold In March last
and delivered in June
•_ Ai£2x!r.""
Leaving in the Treasury Reserve, of Consolidated Bonds... $3,000,000
1st
:
.
$1,500,000 bonds, sold as above, have been used to
build 25 of the 50 miles of branch railway recently constructed and referred to above, to discharge all equipment
trusts and the temporary obligations created for the purpose of acquiring new rolling stock (as explained in our last
The
*
A
copy
of the Consolidated
Bonds Is printed In the pamphlet report
•
October
THE CHRONICLE.
28, 1899.1
report) and to pay for betterments or additions to the property and equipment made during the recent fiscal year.
All tmst agreements and other obligations on account of
equipment have now been canceled (since June 30th), and
the company has no floating debt or any indebtedness other
than current vouchers and its First and Consol. Mortgages.
THE CAPITAL RESERVE
now
stands as follows:
An authorization for a further issue
amountinff to
And in the Treasury of the Company:
Mortgage
of
Preferred Stock
*$800,000
per cent Consolidated Gold Bonds
3,000,000
10,005 shares (or the entire issue) of the Western Express
Com pany's stock, earning and dividing 434 p. c. for year. 1,000,500
•Reduced since the close of the fiscal year, by the amount of the
$100,000 dividend paid, to $700,0i0.
First
4=
The net return to the system for the year from the operation of the Tintic Range and the Sevier Railway branches,
all of whose securities belong to the Company, and are now
pledged as part of the security under the Consolidated Mortgage, which covers them by a first lien, is estimated by the
Auditor to amount to $302,496, a gain of 33 per cent over
last year, and is equal to five-fold the full interest on the
$1,500,000 Consolidated Bonds so far sold.
The actual net earnings of these two branches, considered
by themselves, show a gain over 1898 of more than 73 per
cent, and amounted to $144,280. This is equivalent to 2 4-10
times the interest on the entire $1,500,0U0 Consolidated
Bonds now outstanding.
This has been the first full year of the operation of the
Utah Central Railroad, 33 miles in length (all of the stocli
of which belongs to this Company), whose working (under
a lease and guaranty by our Company of interest on its 4
per cent Bonds) was begun on January 1, 1898. The net
earnings of this branch during the fiscal year were $8,510.
But the net return to the Rio Grande Western Railway Company, including that from business thrown by the branch
over the main line, is estimated by the Auditor at $22,170,
which, with the exception of $3,170 taxes, &c.. practically
met the guaranteed interest of 4 per cent on $550, 00 outstanding bonds, or $22,000. It is the policy of the Company
to reduce the grades and curves on this Branch and widen
the gauge.
Complete consolidation of the Tintic Range and Sevier
and other Branch properties with the Rio Grande Western
Railway, by purchase of the corpus of those branches under
the recent Utah law, is contemplated at an early day.
Meanwhile a practical consolidation is effected as to all of
these branches except the Utah Central by the deposit of
all of their bonds and stocks in the Trust to secure the new
<
Consolidated Bonds.
While the combination of the exceptional circumstances
in our Oregon Short Line connection during the previous
year with the very large Christian Endeavor travel in the
autumn of 1898 is i-esponsible for a slight falling off in our
earnings of 1899 as compared with last year, when the whole
twelve months is considered the present conditions and outlook are certainly more satisfactory than they have ever been.
The recent harvests in Utah, except for fruit, are satisfactory the ore mining industry has never before been as
active or its future outlook as promising as now— the people
of our section are busy and prosperous, and the prevailing
note is confidence. Travel consequently is good, larger
than ever before, not only locally but also to and from the
Pacific States. Two new collieries, both in coal of a superior
quality, one of which is an excellent coking coal, were
opened during the summer, and have begun shipping since
the close of the fiscal year; and our principal business, that
of hauling coal and coke, is much heavier than it has ever
been, is double what it was in the year 1896, and would today be even considerably larger, but for the shortage of
cars.
New smelting works have been erected and are at
work near Bingham Junction, while others are projected.
During the fiscal year three additional Beet Sugar Works
have been completed at or near stations on the Company's
line in Utah and Colorado, or so far completed as to assure
their full or partial operation on this season's crop of beets.
They are located at Ogden, Springville and Grand Junction.
Others are projected for the Goshen, Sevier, Salt Lake and
Green River Valleys.
The work of developing the unrivaled natural resources
of Utah and Colorado is going on with such energy and on
so many different lines that the condition of doubt and fear,
which prevailed in all this territory after the silver collapse
of 1893, is looked back upon now as an incomprehensible
dream, and there is nothing on the surface to indicate that
the present hopeful conditions may not continue to operate
for some years.
In full confidence of this outcome, our
policy of gradual improvement and strengthening of the
line, reducing grades and curves, laying permanent ballast,
making all replacements on the mam line with heavy rail,
and ttone and iron bridges, and adding to the equipment
and other facilities for an enlarged traffic, as well as in
building extei sions where unquestionably warranted for the
development and control of traffic, will be continued during
the coming year.
Fortunately this can now be done without the necessity of
incurring a. floating debt or of making hand-to-mouth arrangements, as the Consolidated Bonds provide, at a low
annual interest charge, ample capital resources.
By order of the Board of Directors.
—
WM.
J.
PALMER.
President.
MINNEAPOLIS
911
Se.
ST.
LOUIS
RAILROAD
COMPANY.
ANNUAL REPORT FOR YEAR ENDING JUNE
30, 1899.
New York, September 30th, 1899.
The President and Directors submit herewith to the stockholders their annual report of the company for the year ending June 30, 1899.
MILEAGE.
Owned—
Miles.
Minneapolis, Minn., to Angus, Iowa
"
to Hopkins, Minn., 2d track, 9'57 miles.
Hopkins, Minn., to Morton, Minn
Kalo Junction, Iowa, to Kalo. Iowa
Manitou .Junction. Minn., to Tonka Bay, Minn
Morton, Minn,, to Watertown. S. D
Winthrop, Minn., to New Ulm, Minn
Operated under Trackage Rights—
Minneapohs, Minn., to St. Paul, Minn
"
•'
" 2d track, 1011 miles.
"
"
259'90
92*89
1'46
1"45
122'53
2022
498-45
1011
50856
Total single track
Total second track
Total single track operated
19-68
528-24
94-63
622-87
Sidings
Total miles of single track and sidings
the exception of 27*69 miles of iron rails in sidings,
and the Kalo branch, the entire road is laid with steel rails.
The average miles operated for the year were, 436 09 miles,
an increase of 50*60 miles over last year.
With
The Company acquired by purchase, from the Wisconsin
& Pacific Railroad Company on February 20,
the line of road extending from Morton, Minn., to
Watertown, S. D., a distance of 122"53 miles, previously
operated by the Company for account of the owners.
Prior to the date of its purchase, separate accounts of its
operations were kept
but they are not included in any
Minnesota
1899.
;
statements in this report.
On March 1, 1899, the Company acquired, also by purchase,
from the Minneapcriis New Ulm & Southwestern Railroad
Company, its line of road extending from Winthrop, Minn.
to New Ulm, Minn., a distance of 20 22 miles, which road
was previously controlled by this Company through ownership of securities, but was operat<'d independently.
The acquisition of these lines gives the Company entrance,
by direct ownership, into a large productive agricultural
section, and materially strengthens its position to control
the traffic of the country through which the lines pass.
There are excluded from the foregoing table of mileage
13-09 miles, extending from East Minneapolis to White Bear
Lake, Minn., owned by the Company, but leased to the St.
Paul & Duluth Railroad Company, and 13 miles, extending
from Albert Lea, Minn to the Iowa State Line, leased to
,
& Northern Railway Company.
The Company continued to operate until June 1, 1899, for
account of the Wisconsin Minnesota & Pacific Railroad
Company, the line extending from Red Wing, Minn., to
Mankato (94-07 miles), when it was surrendered to the owners; but separate accounts were kept of its earnings and expenses, and they are not included in any statements prethe Burlington Cedar Rapids
sented in this report.
CAPITAL ACCOUNT.
At a meeting of the stockholders held February 14, 1899,
the Company was authorized to execute a First and Refunding Mortgage, securing its Four per cent Fifty-Year Gold
Bonds for the principal sum of $25,000,000. This mortgage
is a lien upon all the property of the Company now owned,
or hereafter acquired, with proceeds from the sale of bonds
secured by the mortgage, or any property acquired while
any of the bonds reserved for extensions, improvements or
equipment remain unissued.
The bonds are dated March 1st, 1899, and are due March
1st, 1949, the interest being payable March 1st and September 1st. Of the amount authorized there have been issued
and used for the under-mentioned purposes bonds to the par
value of
S7,80'>,000 00
First. For purchasing the under-mentioned completed
lines of railroad and to pay for the building of the line now
being constructed, as described below, and to purchase the
necessary rolling stock and other appurtenances to properly
operate and maintain the lines so acquired, or when constructed
$5,300,000 00
(a) To acquire the completed 20-22 miles of railway and property of
the Minneapolis New Ulm & Southwestern Railroad Company ex
tending from Winthrop, Minupsota, to New Ulm, Minnesota.
(b) To acquire that part of the completed railway of the Wisconsin
Minnesota & Pacitic Railroad Company extending from Morton, Minnesota, to Watertown, South Dakota, a distance of 122-.=' 3 miles.
(c) To provide funds for the construction of a line of road from New
Ulm, Minnesota, to a point of connection with the Illinois Central
Railroad at Storm Lake, Iowa, a distance of about 139 miles.
Second. To retire and cancel all outstanding First Pre$2,500,000 00
ferred Capital Stock of the Company
The outstanding bonded indebtedness of the Company on
July 1, 1898, has been increased by the above additional
issue of bonds, so that the amount outstanding June 30, 1899,
was as follows:
Prior lien bonds outstanding at the close of last fiscal
$10,000,000 00
year (Table No. 2 in pamphlet)
Issued during the present year to acquire the completed lines and to pay for the construction of the
line and other appurtenances, as described above
5,300,000 00
Issued to retire the outstandlcg first preferred stock of
the Company
2,500,000 00
—
Total
-$17,800,000 00
THE CHRONICLE.
912
During
Under the provisions of the mortgage, bonds to the
amount of $10,(00,000, par value, have been set aside to
maturity the present underlying prior lien
bonds, issued under Divisional and Consolidated mortgages,
so that ultimately the entire fixed interest bearing debt of
the Company -will bear interest at the rate of 4 per cent instead of 5, 6 and 7 per cent.
The balance of the issue, Sv.SOOjCO, is reserved to be issued only for additions, improvements, betterments or new
equipment, but only to an amount equal at par of the principal thereof to the cost of such property so acquired.
The mortgage, how^ever, expressly provides that the total
shall in no case exceed the limit of $25,000,000, and that no
new issue of bonds shall be made by the Company while
the amount reserved to be issued for additions, improvements, betterments or new equipment remains unissued.
Under the terms of the certificates of the First Preferred
Stock the Company reserved the right to retire the same at
par with the accrued dividends. The Company availed of
this privilige and retired its $2,500,000 First Preferred
Stock outstanding, by the issue of $2,500,000 First and Refunding Mortgage bonds, as stated on the preceding page.
The retirement of this stock reduced the total capital stock
outstanding from $12,500,000 to $10,('00,0* 0. of which $1,000.009 is preferred stock (heretofore known as second preferred stock) and §6,000.000 common stock.
[Vol. LXIX.
For
Increase.
The transportation earnings and expenses for the year were:
During
the Year.
This Tear.
Sundry
Total
Decrease.
$36,551 79
4,54"< 17
5,462 66
2C 9,749 22
7-99
8-53
lii-58
1271
$2,888 10
$2,500,004 36 $2f 3,423 74
1.438,004 84 142,382 36
Operating expenses.,
Per
Oent.
Increase.
$494,031 38
57,845 26
45,698 66
1,860,257 57
42,171 49
Earnings over operating
expenses
$1,061,999 52 $111,041 38
Earnings over operating expenses as above
Additional Income :
Interest from investments
$25,952 41
Interest and exchange
18,936 19
Trackage and other rentals
$151,708 35
Total receipts
6-41
11-28
1099
11-68
$1,061,999 52
196,596 95
$1,258,596 47
Deduct for :
Taxes
Interest on bonded debt
Dividends on stock
Trackage and other rentals
Surplus
Way and
Structu re 8
Maintenance of
$160,655 26
$62,362 18
15-66
235,784 69
23,652 37
11-15
621 2«1 6fi
120,283 23
40,879 49
15,488 32
14-78
$1,438,004 84 $142,382 36
10-99
equip-
ment
Conducting
Decrease
transporta-
tion
General expenses
Total
704
Way
and Structures. —The increase in
Maintenance op
these expenses results from the large outlays made during
the year for renewals. The expenditures for renewal of
rails and fastenings include the cost ol relaying 42-63 miles
with new 80-lb. steel rails, 7 miles with new7t -lb, steel rails,
41*27 miles with 60-lb. steel rails taken up from other sections of the road and replaced by i:0-lb. steel rails; also a
proportion of the cost of relaying 20-22 miles between Minneapolis and St. Paul with 72-lb. steel rails in accordance
with the contract with the Northern Pacific Railway Company. Repairs of roadway and track include $81,693 39 for
correction in grades and surfacing track, and $4.< 59 87 for
additional sidings repairs of buildings include $18,587 92,
for paving station yards at Minneapolis with sandstone and
brick repairs of bridgesand culverts include $12,515 58, the
cost of one 74-ft. triangular girder bridge (second hand)
resting on stone abutments to replace the combination span
over Soldier Creek, and for replacing 86 wooden culverts
with stone boxes and iron pipes. The result of the large
expenditures made last year for the erection of new and the
rebuilding of bridges, is shown by the diminished cost in
maintaining these structures during the past year.
Maintenance of Equipment. These expenses increased
$23,652 37, and include $19,965 03 for equipping 585 freight
cars with automatic couplers and 27 cars with air-brakes ;
$6,243 28 for equipping 22 locomotives with driver brakes;
$10,250 for cost of one bwitching engine; $12,795 80 for i ew
shop machinery and tools. During the year all passenger
car equipment was thoroughly overhauled and repaired at a
cost of $31,030 20. For general repairs to freight car equipment there were expended $80,760 94, a decrease of $8,469 90,
due to the thorough overhauling and large repairs made last
year in putting the freight cars in thorough serviceable
condition.
The rolling stock consists of 68 locomotives, 57 passenger
cars of all kinds, 3,036 freight cars of all classes, 48 road and
service cars. There were added to the equipment during
the year one 19x24 54-ton switching locomotive, 2 mail and
express, 6 passenger, 650 box and 200 flat cars. The condition
of the rolling stock and the character of repairs made
thereon will be found in Tables Nos. 10, 11 and 12 in pamphlet.
Conducting Transportation. These expenses increased
$40,879 49, and include $1H,801 88 paid out in settlement of
old claims for personal injuries, which had been pending
for several years past. Eliminating this amount, the remaining increase is principally in cost of fuel, wages, of
trainmen, enginemen and station service, and results from
an increase of 8 78 per cent in the number of miles run by
locomotives in traffic service, 3-61 per cent increase in passengers carried one mile and 10-98 per cent in tons of
freight carried one mile. The increase in cost of moving
the traffic, when contrasted with the increase in business
handled, is relatively small, and results from the policy of
the company in making annually large expenditures for
permanently improving the roadbed, track and structures,
and adding to the equipment for the purpose of increasing
the efficiency and reducing the cost of operation.
General Expenses. The increase in these expenses is
chiefly due to charging to General Office expenses the proportion of administration exjienses heretofore borne by the
Wisconsin Minnesota & Pacific and the Minneapolis New
Ulm & Southwestern Railroad companies prior to their ac;
;
INCOME FOR THE YEAR.
Passenger.
Mail
Express
Freight
Maintenance of
Per
Otnt.
retire at their
Earnings.
the Tear.
This Tear.
$84,700 25
659,540 00
294,583 33
55,694 18
1,094,517 76
$164,078 71
—
—
The results from operation of the property during the
year were very gratifying. As will be noted from the figures presented in the above table, the gross earnings increased .$253,423 74, or 11-28 per cent, and earnings over
operating expenses $111,041 38, or 11 68 per cent, over those
for the year ending June -SOth, 1898.
The usual dividends at the rate of 5 per cent were paid on
the first preferred stock until June 1st, 1899, when the entire outstanding issue of first preferred stock was retired, as
before noted. Two dividends were also paid on the second preferred stock, one at the rate of 2 per cent for the
first half year and one at 2^4 per cent for the second half
year. After the payment of these dividends, fixed and all
other charges, there remains a surplus balance of $164,078 71
from the year's transactions.
Earnings from passenger traffic increased $36,551 79, or
7*99 per cent.
The number of passengers carried was 657,077, an increase of 30,026, or 4-79 per cent, and the number
of passengers carried one mile was 24,876,877, an increase of
866,847, or 3-61 per cent.
The average distance traveled by
each passenger decreased 43 miles; but the average re- quisition,
GENERAL REMARKS.
ceipts received per passenger per mile increased 4-25 per
cent, due to increased distance traveled by through pasIn conformity with the policy of the company in making
sengers.
liberal outlays in improving the roadway and track, there
Earnings from freight traffic increased $209,749 22, or
were expended during the fiscal year, for this purpose,
12*71 per cent.
In tons of local freight carried there was an
06 for automatic couplers and air brakes applied
$251,567
increase of 150,.588 tons, or 46-50 per cent, and in through
and cars, $26,2u8 31, and $10,250(0 for one
locomotives
to
freight. 42,4(^4 tons, or 4-16 per cent. The total number of
locomotive
to replace one put out of service, a total of $288,tons of freight carried increased 192,992 tons, or 14-38 per
but this entire sum was charged to operating excent, and the number of tons carried one mile increased 025 37,
penses. The details of these expenditures are shown in
15,477,863 ton miles, or 10-98 per cent. The average rate
No. 9 in pamphlet.
received per ton per mile increased 019 cents and results Table
With
the continuance of the general prosperity throughfrom an increase in higher grade freight carried.
out the country, the prospects for business during the enReference to Table No. 7 [pamphlet], will show the characsuing year are very good. All crops along the line will
ter of freight carried, its volume and changes as compared
equal those of last year. The amount of wheat
with the volume carried during the preceding year. The probably
held in reserve by the farmers on July 1st, last, was greatly
decrease in the tonnage of certain commodities therein
in excess of the amount held in reserve on July 1st of the
shown results largely from the policy of the Company dur- preceding
year, and as the price of wheat improves, it may
ing the year not to solicit certain through business which
reasonably expected that the entire amount held over
be
was not profitable to carry, as the cars could be employed
during the present fiscal year.
more profitably upon the Company's own lines in the car- will be marketed
Attention is called to the balance sheet showing " Special
riage of local traffic.
Cash on Deposit " of $2,151,719 51. This sum represents the
OPERATING EXPENSES.
unexpended balance of cash on deposit with the Central
The operating expenses absorbed 57-51 per cent of the Trust Co. of New York, to be used in the payment for the
gross earnings, as against 57 67 per cent in the previousyear, construction of the extension from New Ulm, Minn., to
and were as follows
Storm Lake, Iowa, referred to on previous page. Work upon
—
;
:
October
THE CHRONICLE.
28, 1899.]
this extension is now under way, and will be pressed to a conclusion as rapidly as possible. When completed the extension will give the company entrance into a territory from
which it expects to derive a large and profitable business.
Under authority for the issue of bonds for the purchase of
the property of the Minneapolis New Ulm & Southwestern
Railroad Company, the securities of that company owned
by and held in the treasury of this company at the close of
last year were surrendered in exchange for §300,000, par
value 4 per cent First and Refunding bonds. Of the amount
so received, bonds to the par value of $100,000 were used in
the retirement of the first preferred stock, so that $200,000 face value bonds now remain ia the treasury of the
913
The equipment has been maintained in good condition.
There have been ordered for immediate delivery 8 first-class
passenger cars, 150 box cars of 30 tons capacity and 9
caboose cars, all equipped with automatic couplers and air
brakes. Also one 19x20 sixty-ton 6-wheel switching locomotive and fifteen 20x26 Mogul freight locomotives. A sufficient number of freight cars has been equipped with air
brakes to fully comply with the safety-appliance law, and
the application of air brakes and automatic couplers to
freight cars has progressed so far that the work can readily
be completed before January 1st, 1900, at which time the
law becomes effective.
For details of receipts, disbursements and operations, reference is made to the statements of the Auditor appended
company.
The policy of improving the roadway and structures that hereto.
has governed the Company since its organization will be
The Board desires to thank the officers and employes for
continued. A systematic reduction of grades will be com- the faithful and efficient manner in which th^y have dismenced and all wooden bridges still remaining on the Com- charged the i-espective duties assigned to them.
pany's lines will be replaced by steel structures as fast as
By order of the Board.
renewals become necessary.
E. HAWLEY, President.
COST OF ROAD, ASSETS AND LIABILITIES, JUNE
30, 1899.
LIABILITIES.
ASSETS.
Cost of Road and Equipment
Real Estate
Cost of Pacific Division
Cost of M.N. U. &8. W. Ry
$22,7P6,485
..
66,327
2,128,732
300,000
Common
37
72
39
00
Stock (a)
Preferred, Non-cumulative Stock r6; ... .
$6,000,000 00
4,000,000 00
10,000,000 00
Bonded Debt, as per Table No. 2
[in
17,800,000 00
i pamphlet]
$25,291,545 48
334,074 24
Conatruct'E— NewUlm Ext. (notconip.)
Special Cash Depo.'-lt
Unexpended
balance for construction of New Ulm
Extension and purchase of equipment
Material for constr. of New Ulm Exten.
2,151,719 51
253,302 59
$28,030,641 82
SecuritiesFirst Cousol. 5% bonds
First and Refunding 4% Bonds
Minn. Trans. Ry. Co., bonds and stock.
City of New Ulm, Minn., bonds
282,000 00
200,000 00
SO.OnO CO
9,000 00
Current Liabilities
Audited vouchers
Audited pay-rolls
$27,800,000 00
—
$329,501 26
84,506 9/
Accrued interest on bonds to date, but
not due
Unpaid taxes, accrued but not due
Interest coupons outstanding
Unadjusted Accounts
187,185
52,425
25,100
220,811
83
90
00
37
899,531 33
470,567 35
Balance from income account
571,000 00
Current Assets—
Cash
Agents and Conductors
United Statp s Post Office Dept
Wisconsin Minn. & P. RR. Co
Minnesota Transfer Ry. Co
Individuals and Companies
Material, fuel and other supplies
$269,776 83
63,643 02
17,476 7
3,720 01
1,681 11
16,798 45
167,980 96
541,077 09
Deferred Assets—
Lake Park Hotel
Other property
17,859 56
9,520 21
;
Total
27,379 77
(a) $277,900
00 held
in the Treasury.
(J»
$29,170,098 68
Total
$29,170,098 68
$39,600 00 held in the Treasury.
INCOME ACCOUNT.
DIS B VRSBMElfTS.
RECEIPTS.
Taxes
interest on
$84,700 25
bonded debt, as per Table No. 2
pamphlet]
Dividends on Stock
659,540 00
[in
First preferred
$114,583 33
180,000 00
Second preferred
^^^^__
Trackage and other rentals paid to—
N. P. Ry., trackage Minneapolis to St.
Paul
$32,699 23
N. P. Ry., trackage Minneapolis to M. &
D. JuLOtion
9,538 80
294 583 33
Interest and exchange
Trackage and other rentals from—
St. P. & D. RR., trackage Minneapolis to _^
White Bear Junction.
^7,839 58
St. P. & D. RR., trackage Minneapolis to
M. & D. JuDCtion
13,099 80
C. St. P. M. & O. Ry., trackage Minneapolis to Merriam Junction
14,926 68
_
B. V. O. & Ry. Co trackage Fraser Jiinctlon to Ogden, Iowa
3,060 00
Minneapolis Ry. Transfer Co., terminal
facilities, Minneapolis
N. P. Ry. terminal facilities, Minneapolis.
M. St. P. & S. Ste. M. Ry. terminal facilities, Minneapolis
C. G. W. Ry.,ter. facilities, Minneapolis.
Rental of Equipmpnt
Miscellaneous rentals
12,016 13
G. N. Ry., terminal facilities Minneapolis,
Minn
1,440 00
Loss in operation of Lake Park Hotel
Balance to general accoimt. Table No. 1
.
,
55,694 18
213 43
470,567 35
.
Total
$1,565,298 54
STATEMENT OF PA8SENGE RS CARRIED, PASSENGER
TRAIN A ND CAR MILES.
This Tear.
Passengers carried—Local
564,721
Passengers carried -Through..
92,3 6
Passengers carried— Total
Per
Inc. or
Last Tear.
Dec.
Cent.
529,-97 7.34,924 Gr9
97.254
7).4,898 5-04
4-79
Pass, carried 1 mile -Local
15,987.203 15,524.174 7.463.029
Pass, carried 1 mile- Through. 8,889,674 8,485,856 7403,818
2-98
4-76
627,051
72,72167
8,617 44
7,907 76
600 00
1,449 60
1,485 82
151,708 35
$1,565,298 54
Total
STATEMENT OF COM MERCIAL FREIGHT T(3NNAGE, TON
MILES, TE AIN AND CAR MTLEAC}E.
M][LES,
7.30,026
657,077
1,061,999 52
25,9 i2 41
18,936 19
,
N. P. Ry,, terminal facilities at St. Paul,
Minn
$306.702 07
Balance, June 30, 1898
Earnings over operating expenses
Interest from investments
Inc. or
Dee.
Per
Cent.
Last Tear.
Tons carried— Local
Tons carried—Through
This Tear.
474,417
1,060,861
1,018,457
7.150,588 46 50
7.42,404 4-16
Tons carried— Total
1,535,278
1,342,286
7.192,982 14-38
.
323,82v»
M
Pass, carried 1 mile
—Total
24.876,877 24,010,030 7.866,847
Average length of haul— Local
Av'ge length of haul— Through
28-31
96-25
29-30
87-23
7.9
Average length of haul—Total.
37-86
38-29
7).
Revenue
pass, train mileage...
654,146
Total mileage of oars in trains. 2,932,434
Average No. of cars per train..
4-48
Average No. of pass, per train.
38-03
Av. revenue per pass per mile
1-936C.
D.-f9
Tons car'd 1 mile—Total. 156,379,613 140,901,750 JM5,477,863 10-98
361
3-38
00 10-32
-43
Tons carr'd 1 mile— Local. 38,241,736 26,342,730 J 1.899,006 45-17
Tons car'd 1 m.— Through. 118,137,877 114,559,020 7.3,578,857 312
112
619,161
7.34.935 5-65
2,745,525 7.186,909 6-81
7.-05 113
4 43
38-78
D -75 1 93
1-905C.
7.081c. 4-25
Av. length of haul— Local.
Av. length of haul— Thro..
80-61
111-36
81-35
112-48
D.-74
D.1-12
At. length of haul—Tot'l
101-86
104-97
D.311 2-96
fr'ht train mil'ge
747,431
Total freight car mileage.. 14.610,339
Loadefi fr'ght car mil'age. 12,226,816
P. ct. of loaded car mil'ge.
83 69
12-79
Av. tons per loaded car...
16-35
Av. loaded cars per train.
Av. empty cars per train
319
203-22
Average tons per train..
1-190C.
Av. revenue per ton per m.
669.136
13,772,018
7.78.295 11-70
7.838,321 6-09
7.778,815 6-80
Revenue
11,44-^,001
8313
123L
17-11
3 47
210-57
1-171C.
7.-56
-91
100
-67
3-90
D.-76 4-44
O -28 8-07
D.l 35
-64
7.019c. 1-62
7.48
2U
THE
CflilONlCLE.
[Vol. LXIX.
COTTON.
"^hc (£^oixxmzxciitl ^imjcs*
Friday Night, October
COMMERCIAL EPITOME.
Friday Night, October
27, 1899.
evening the total receipts have reached 244,435 bales,
against 264.054 bales last week and 257,935 bales the previous
week, making the total receipts since the 1st of Sept., 18f 9,
1,790,797 bales, against 2,269,682 bales for the same period of
1898, showing a decrease since Sept.l, 1899, of 478,885 bales.
Oliarleeton
The
Sept.l, 1899,
was
steady.
DAILY CLOSING PRICES OP LARD FUTURES.
Sat.
Man. Tues.
Wed. Thurs.
at—
Beeeiptt
Few Orleans..
Mobile
Pensaoola, &o.
e^avannah
Brunsw'k.&o.
Pt.
5-55
been firm but quiet, closing at 7c. for pickled shoulders, 9i^
@lOc. for pickled hams and 6@7i4;c, for pickled bellies, 14@10
lbs. average.
Beef has been in moderate demand and firm,
closing at |9 50(ftS10 00 for mess. $10 50@f!ll 00 for packet,
$11 00@$11 50 for family and .$16 00@$18
for extra India
mess. Tallow has been quiet but steady at ^%c. Lard
stearine has been quiet and unchanged at 7@7i^c. Oleo
stearine has held steady at 8c. Cotton seed oil has been quiet
and prices have further weakened, closing at 27i^@28c. for
prime yellow. Butter has held steady for desirable grades,
closing at 17@24c. for creamery.
Cheese has been quiet and
unchanged at \\@\2%c. for State factory, full cream.
Fresh eggs have been in limited supply for desirable grades
and steady, closing at 20i^@31c. for choice Western.
Brazil grades of coffee have had a fairly good distributing
sale, and there has been a fairly active demand for invoices.
Buyers and sellers, however, have been apart in their ideas of
values and comparatively few sales have been made. The
close was firm at 6i^c. for Rio No. 7. West India growths
have had a fairly large sale at higher prices, closing at 8i^@
^%c. for fair Cucuta East India growths have been in "fair
demand and firm. Speculation in the market for contracts
has been moderately active. Buying for investment account
and absence of aggressive gelling has advanced prices. Following are final asking prices;
Oct
4-90C. Jan
5-15o. May
5'40o.
Nov
4t0o. Feb
5-25C. June
5-4.'ic.
Deo
5100. March
5-30c. July
5-500.
Raw sugars have been in only limited demand, but offerings have been light and prices have held steady at 4 5 16c
,
for centrifugals, 96 deg. test, and 3 13- 16c. for muscovado,
89-deg. test. Refined sugar has been quiet but steady at
5J^@5 3-16c. for granulated. Spices have been fairly active
and higher for pepper. Teas have been steady.
Kentucky tobacco has had a moderate sale at firm prices.
Seed-leaf tobacco has been in fairly active demand and firm.
Sales for the week were 3,300 cases, as follows
1,150 cases
1898 crop, Wisconsin Havana, 9@13i^c.; 300 cases 1897 crop,
Wisconsin Havana, 93|^@10Mc.; 600 cases 1898 crop, Zimmers, 13i^@153^c.; 400 cases 1898 crop, New York State, 103^
@27J^c.; 350 cases 1898 crop, Pennsylvania seed leaf, \Q%@
lli^c; IdO cases 1897 crop, Pennsylvania Havana, 113^@
123^c.; 150 cases 1898 crop, Gebhardts, 12@12>^c.; 100 cases
1898 crop, New England Havana, 20(2 55c., and 150 cases Sundries, 6@16c. also 500 bales Havana, 80@92c., in bond, and
150 bales Sumatra at 80c.@$l 65, in bond.
The demand for Straits tin has been quiet and in response
to weaker foreign advices prices have declined, closing at
31@3l-20c. Ingot copper has had only a limited sale and the
tone has been weaker
prices have declined to 17>^c. for
Lake. Lead has been quiet but steady, closing at 4 •57i^frt)
4"623^c. for domestic.
Spelter has declined, closing quiet at
5@5'10c. for domestic. Pig iron has been in fair demand and
firm at $19 50(324 for domestic.
Refined petroleum has advanced, closing at 9'lOc, in bbls.,
6'60c. in bulk and 10-35c. in cases.
Naphtha firm at 10-50c.
Crude certificates have been neglected. Credit balances
have advanced to $1 53. Spirits turpentine has been
quiet and easier, closing at tA@^\%c. Rosins have been
quiet but steady, closing at $1 25@1 27J^ for common and
good strained. Hops have been quiet and easy. Wool has
been in active demand and firm.
;
;
7,939 22,483
> > > •
Wed,
Tuet.
Thurt.
9,397 15,852 15,325
Wilmington....
Toial.
7,900
78,896
•
10,820 11,812 13,223 14,622
1,002 2,199 2,490 1,632
837
837
4,321 12,180
66,978
8,499
442
734
232
5,636
5,020
5,315
5,035
1,308
3,612
2,344
2,969
961
6,107
7,943
1,715
234
234
2,734
2.549
2,530
3.463
2,417
1,803
3,205
2,840
2,352
1,353
2,404
53
2,096
15,546
53
14,250
45
289
60
117
......
News, Ac
New York
Boston
Baltimore
242
639
294
32,261
7,943
12,909
206
206
95
260
1,841
2,079
1,576
2,079
425
Phlladel'a, &o.
Tot. this
232
5,148
Wa8h'ton,&o
Norfolk
N'p't
Fri.
Royal,&o
497
275
110
144
125
week 32,915 51,474 37,773 46,441 31,309 44,523 244 435
The following shows the week's total receipts, the total since
and the stock to-night, compared with last year.
Seeeipts to
Oct. 27.
3%t«
week.
Galveston.
Tex. C&c.
New Orleans
Mobile
P'8aoola,&o.
Savannati...
66,978
8,499
232
32,261
7,943
12,909
Charleston..
234
P.Royal,&o
Wilmington.
Wash'n, &o
Norfolk
N'portN.,&c
New York.
Boston
Baltimore
15,546
53
14,250
206
95
1,841
2,079
1,576
.
Phlladel.&o.
This
week.
Stock.
Since Sep.
1, 1898.
574,705 116,326
924
7,388
448,840 74,860
53,199 13,647
25,507 11,584
315,816 71.792
37.424 20,94 J
99,768 24,484
441
226
106,320 20,368
354
76
87,816 32,961
3,204
798
3,360
2,312
9,260 15,260
11,166
216
6,229
606
837
Br'wlok,&o
1898.
Since Sep.
1, 1899.
78,896
.
(
:
Mon.
Sat.
Galveston
Tex. City, &o.
1899.
Fri.
560
555
5-60
5-60
5 60
Pork has had only a very moderate sale, but values have
held firm, closing at $9 25@§10 00 for mess, |11 75@|12 25
for family and |10 2o@§12 00 for short clear. Cut meats have
October
189S.
this
The general feeling of confidence in commf rcial circles has
continued. No indications of a subsidence in the business
activily has been apparent, reports of a good seasonable trade
in progress being almost universal, and prices in the main
have favored sellerSi No decided relief has as yet occurred
in the congested condition of the movement of freight by
rail, much delay in shipments being experienced, particularly
in the interior. Mild weather has continued to be experienced in nearly all sections of the country, the fall season
thus far being unugually open. Advices from the South
have reported some improvement in the cotton crop prospects
as a consfquence. The progress of the war in South Africa
has been closely followed, but the developments have had no
important influence in speculative circles. There has been
some agitation for several amendments to be made by the
next Congress to the National Bankruptcy law, having in
view a more thorough administration of this law.
Lard on the spot has been in fairly active demand, principally from exporters, and prices have advanced. The close
was steady at 5*60c. for prime Western and SSCc. for prime
City. Refined lard has had a moderate sale, and there has
been a slight hardening of values, closing at 6c. for refined
for the Continent. Speculation in lard for future delivery
in the Western market has been moderately active, and
prices have advanced on light receipts and higher prices for
swine, better cash demand and stronger foreign advices.
close
27,
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
1899.
755,870
7,904
467,831
76,417
28,666
378,946
65,977
149,071
12,330
134,^21
172.570
338,608
283,227
36,043
184,337
108,905
14,259
33,697
166,877
17,731
46,194
15,385
56,927
27,660
56,218
109.774
15,058
7,219
72,982
18,000
3,424
6,841
843,797
991,199
22878
•
...>..
*•#»
464
140,090
182
5,775
6,059
31,821
2,932
4,608
20000
244,435 1,790,797 407,383 2,269.682
Totals
1898.
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.
ieeeiptt al-
1899.
1898.
1897.
117,250
74,860
13,647
71,792
24,710
20,444
32,961
Norfolk
79,733
66.978
8,499
32,261
13,143
15,599
14,250
N. News, &o.
All others...
206
798
13,766
50,921
88,002
101,500
14,135
63,243
43,681
19,410
25,855
818
17,493
wk.
244,435
407,383
374,137
Galves'n,&o.
New Orleans
Mobile
Savannah
. .
Chas'ton, Ac.
WUm'ton, &c
Tot. this
Since Sept.
1896.
1895.
70,946
98,343
12,589
34,768
32,672
14.298
40,537
19,957
53,790
90,732
9,597
36,846
9,638
7,316
16,098
11,123
15,947
103,690
133.638
10,278
67,904
28,072
18,905
21,634
24,643
22,679
324,737
251,087
431,443
627
1894.
1790,797 2269,682 2155,232 2391,039 1620,908 2263,730
1
The exports for the week ending this evening reach a total
of 204,397 bales, of which 80,827 were to Great Britain, 41,542
to France and 82,03S to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1899.
Weeh Ending
from—
Oreat
France
Brit'n.
Qalveston....
Tex. City, &o.
82,993
NewOrleani.
24,577
87.696
12,380
Mobile
Savannah
3,900
Brunswick...
6,001
Charleston...
Port Royal...
.....
WlImlnRton..
Norfolh
N'port N., &c
5.789
Sept.
14,668
273
75.847
1,156
eeo
Boston
Baltimore....
Philadelphia.
San Fran., &o.
Total
1,833
80,827
...
193,323
1899, to Oct. 27, 1899.
19,107
o6,C74
183,685 103.274
273
47,001
Continent.
88,366
1,749
100.651
2otal.
376,315
1,719
270,137
5.004
122.482
8,310
12.284
33,183
12.901
12.647
18.336
14.301
6.926
110.505
7.596
42,311
15,135
15,185
16.691
88,437
104,131
2,100
9,828
1.077
10,906
500
144
eii
8.910
33,296
600
4,175
81.802
27.157
16.899
6,660
5.660
100
100
17.980
21.880
.
4.171
1,
Conti- lotal
Oreat
France
nent. Week. Britain.
2,100
York....
Total. 1898
from
Exported to—
....
Pensaoola....
New
Oct. 27, 1899.
Exported to—
Mxvort%
441
53
704
6.068
39,697
713
27,392
2.337
12,124
980
980
1.499
17.988
66
8,310
80.709
161.676
20,500
56,676
82,028 201,397
192.844 179.272
490,863 1.162.169
27,819 101,493 322,636
721,359 115.385
167,616 i.soi.seo
41.542
October
THE CHRONICLE.
28, 1899.]
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
We add similar figures for
cleared, at the ports named.
Neve York, which are prepared for our special use by Messrs.
Lambert <fc Barrows. Produce Exchange Building.
OM SHIPBOABD, NOT OLBABBD FOB—
Oct.
Other
Oreat
Britain. France. Foreign
Ooattwite.
8,332
11,000
15,000
9,750
2,500
1,000
2,159
9,000
New Orleans...
4,787
40,000
8,000
6,950
9,000
1,500
1,200
11,000
Galveston*
Savannah
Charleston
MobUe
Norfolk
New York
Other ports....
Total 1899...
82,437
8,141
20,000
3,000
None.
None.
None.
100
None.
31,241
ttock.
None.
500
None.
7,500
None.
None.
800
18,000
66,382
g5
644,573
622,675
452,177
368,524
331,774
A
further shrinkage has been experienced in the speculative dealings in cotton for future delivery. There has been
almost a total subsidence of the buying by outsiders and the
South for investment account, they being quite generally
disposed to take advantage of all firm spots to sell their holdings and take profit.
The continued open weather in the
cotton belt, it is believed by many, has been favorable for the
growth of the top crop, and this has had its influence in holdThe moveing the upward tendency of prices in check.
ment of the crop has remained comparatively small,
and those who believe in higher prices note the fact
small crop.
On
of
positive
evidence
a
as being
operators
contend
bear
the other
hand,
however,
that the small receipts only confirm their statement that
cotton is being held back and that foreign buyers will not
operate freely at ruling prices, and that it is due to this
reason rather than to any material reduction in the yield
that the crop is moving slowly. Owing to the falling off in
the speculative interest the fluctuations in prices have been
within a narrow range, witn the tendency towards a slightly
lower baeis. To-day there was a slightly easier market
early in response to weaker foreign advices and scattered
selling.
During the late trading, however, there developed
a stronger tone, a small movement of the crop for the week
being the strengthening feature. The close was steady with
prices 1 point lower to 1 point higher for the day. Cotton
on the spot has been quiet, and on Monday prices declined
l-16c., closing at 7 >16c. for middling uplands.
The rates on and off middling, as established Sept. 13, 1899,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
c. l^a on
Good Ordinary
0.13,6 off
Fair
Middling Fair
Even
% on Good Middling Tinged
14 off
Strict Good Middling
'leon Strict Middling Stained.
Qood Middling
HoS
^le on Middling Stained
. . .
Low Middling
Low Middling
hs off
Strict
Strict
Good Ordinary
On this basis the
the past week
'^a
Stained... 1 off
l^aoff
Stained
off
a few of the grades for
official prices for
6l6
61316
63^8
Low Middling..
6''8
Bliddllng
Good Middling.,
7"l6 788
8%
Middling Fair...
GULF.
,
Good Middling..
BiiddlingFair...
STAINED.
Middling
Middling
Strict Middling
Gk>od Middling Tinged.
638
71l6
79ie
638
7116
7»18
7^8
86,6
7'^8
8%
85,6
Sat.
IfEon
6''8
613i,
<iie
Low
518 ;e
716
738
Frl.
6^
6«e
6l3ie
613if
613,
7»8
8iie
75l8
758
8I16
75l6
758
8i]A
nion Taes UTed Th. Frl.
6^16
71s
7*8
7i5ie
Middling...
6ie
758
8I16
8118
Sat.
Good Ordinary.
Wei Tb.
Tftou Taei^
Sat.
Good Ordinary.
Middling
Low Mid.
—Oct. 21 to Oct. 27 —would be as follows.
UPLANDS.
Low
Strict
hoS Low Middling
75ifl
6%
63e
7116
79i«
7^8
8Bie
7ii«
79i6
Tnes ITed Tb.
513,6
€13,6
71l6
75,6
513,6
613x6
7iie
513i6
613i6
71l6
75i6
75ifl
Frl.
513,6
613,6
71,6
701B
for
1899. ...c.
7-^16
1891. ...0. 838
1898
1897
1896
1895
1894
1893
1892
538
6iia
716,6
858
513,6
83,6
1890
1889
1883...,o.lOS8
1882
1881
913,6 1880
91I16 1879
914
1878
9\
1877
9\
1876
IOI18
1011,6
lOifl
1158
111,8
1138
1875..-.0.1338
1458
1874
1538
1873
1872
.19%
1838
1871
1638
958
1870
26I4
III4
1869
.2558
11
1868
8H
Note.—On Oct. 1, 1874, grades of cotton as quoted were changed.
AAoordlngto the new olassitloatlon Middling was on that day quoted
^ lower than Middling of the old classification.
MABKET AND SALES.
1888
1887
1886
1885
1884
I.
FUTUBES
Olosbd.
Saturday ..iQnlet
Monday.. Quiet at
Tuesday ... IQuiet
-
Wednesday Quiet
Thursday.. Quiet
Friday
Quiet
Total.
lis dec.
Mabket
Closed.
Sales op Spot
<&
Oontbac
Ex-
Oon-
Oon-
port.
lump.
traet.
8t«ady
Steady
Very steady.
Steady
1,200
Very steady.
306
650
100
Steady
2.256
200
428
524
473
100
231
1,956
....
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The Visible supply of Cotton to-night, as made up by
o
to
1
1
05
1
'
to
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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 (Oct. 27), we add the item of exports from
the United States, including in it the exports of Friday only.
1896.
1897.
1898.
1899.
Stock at Liverpool
bales. 751.000
593,000 354,000 43^,000
Stock at London
4,000
12,000
2,000
5,000
Total Great Britain stock." 763,000 598,000 358,000 447,000
Stock at Hamburg
11,000
25,000
27,000
17,000
Stock at Bremen
49.000
55,000
111,000
89,000
Stock at Amsterdam
1,000
4,000
2.000
1,000
Stock at RoUerdam
200
100
200
300
Stock at Antwerp
7,000
8,000
4,000
7,000
Stock at Havre
67,000
93,000
131,000
70,000
.=^,000
Stock at Marseilles
4,000
4,000
3,000
Stock at Barcelona
34,000
37,000
27,000
60,000
Stock at Genoa
18,000
4,000
10,000
23,000
Stock at Trieste
23,000
8,000
lg,000
15,000
Total Continental stocks
361,200 252,200 185,300 268,100
Tetal European stocks
1,114,200 850,200 543,500 715,100
India cotton afloat for Europe
36,000
8,000
20,000
1,000
Amer. cotton afloat for E'rope. 582,000 776,000 668,000 680,000
4e,000
Egypt, Brazll,&o.,aflt.f or .E'pe
50,000
38,000
48,000
Stock in United Slates ports.
843,797 991,199 783,951 1,075,034
Stock In U. 8. interior towns.
610,840 531,284 369,655 448,288
47,532
United States exports to-day..
54,009
77,805
30,507
Total visible supply
3,230,344 3,284,488 2,472,915 3,051,954
Of the above, totals of American and other descriptions are as follows:
.
638
7ll6
7»T6
7^8
85 6
middling upland at New York on
Oct, 27 for each of the past 32 years have been as follows.
The quotations
•
III
a'..
1
Total 1898. . 149,262 48,800 137,262 33,300
Total 1897... 137,228 61,035 110,825 22,686
Estimated; not received.
saw
•
•
199.219
19,159
© g H S^g g
•
259,803
92,570
82,905
16,497
24,543
17,660
107,674
42,921
lowest and closing prices of
the following table.
highest,
New York are shown in
.•es
Total.
23.419
80,010
26,000
17,200
11,500
10,000
2,100
29,000
— The
Futures at
99
Leavini
27 at
PxjTUaES.
915
.
Total.
1,400
1,078
624
473
406
231
4,212
American—
Liverpool stock
Continental stocks
689,000 521.000 272,000 323,000
174,000
311,000 198,000 139,000
American afloat for Europe.
582,000 776,000 668,000 680,000
1,07.=^
United States stock
,034
843,797 991,199 783,951
United States interior stocks. 610,840 531.284 369,655 448,288
54,009
47,532
United States exports to-day..
77,805
30,507
Total American
3,067,144 3,095,288 2,286,615 2,747,854
East Indian, Brazil, die.—
Liverpool stock
82,000 112,000
72,000
62,000
London stock
4,000
12,000
5,000
2,000
Continental stocks
46,300
94,100
54,200
50,200
India afloat for Europe
36,000
20,000
8,000
1,000
f 0,000
Egypt, Brazil, Ac, afloat
38,000
46.000
48,000
Total East India, &o
186,300 304,100
163,200 189,200
Total American
3,067,144 3,095,283 2,286.615 2.747,854
Total visible supply
3,230,344 3,284,488 2,472,915 3,051,954
Middling Upland, Liverpool..
33l32d.
4n32d.
31632d.
31, sd.
Middling Upland, New York..
75 ec.
5380.
tfc.
7i6iao.
Egypt Good Brown, Liverpool
«d.
458d.
4''8d.
5''8d.
6i4d.
6i,8d.
Peruv. Rough Good, Liverpool
613,6d.
Nom'L
Broach Fine, Livenwol
Siad.
4iud.
46,. d.
35ud.
Tlnnevelly Gtood, Liverpool.
3i3,ed.
3li8d32632d.
4932d.
bales.
. .
.
C^* The imports
into Continental ports the past
been 53,000 bales.
The above figures indicate a decrease in
week have
the cotton in
sight to-night of 54,144 bales as compared with the same
date of 1898, a gain of 757,439 bales over the corresponding
date of 1897 and an excess of 178,390 bales over 1896.
THE CHRONICLE.
916
[Vol. LXIX.
—
At the Interior Towns
the movement that is the receipts
Quotations for Middling Cotton at Other Markets.—
week and since September 1, the shipments for the Below are closing quotations of middling cotton at Southern
week and the stocks to-night, and the same items for the and other principal cotton markets for each day of the week.
csorresponding period of 1898— is set out in detail below.
0LO8INO QDOTATIONS FOB MIDDLING OOTTON ON—
Week ending
for the
Oct.
27
Satur,
MOH.
Tues.
613,6
7i,e
613,6
613^6
613i6
616,6
7l8
Galveston.
New Orleans
71l6
Mobile
Savannah...
6i3ie
613,6
615,6
7l8
7^
738
7ll6
738
7ifi
7ifl
.
Charleston.
Wilmington.
Norfolk
Boston
Baltimore
Philadelphia
.
.
6J?16
758
7iie
Augusta
7»i(.
7116^18
Wednes.
St.
M__»^w® b3_ta ioj-',<35 rf' wen CO to oo M
to O o> CC rf^ 00 lo tn 05 !C "to WwVl'tsVl m'o CoToQO Ui ta'tO HI #k Ol'-J "-^
w
QCOiOtCOSaDtOtOfrSCtDOOQDtOCntOO'O^-OSlf^OCBH'OOOltntaOaH'
Cincinnati
I
C5
©
H"
H"
CX3
H"
0< to to hS
>;».
!-•
!
CO
to
ay
Ab3eoi005tOH<»
bOH«
CO
051
M M CO
CO
CO H" to 05 HI 60
^l-JHiHl
p-i
I-"
Vtr-s'xVjaOs'- 'h-Io*
HI
Mr-l^Mi-i
to
O — tOOOCXl*-Ol0500:CCCOifetOHi^-0-. — H-tO^J
I
to
05tO00*>.O'WO-4©. C<lO©<lC005*»*'©C»;OOh-COWCOlfk<10l|(kOO<l
CO
rf^
to HI
H«
CO
HiC^-itOMMCOCOCO P-W P-ppVX Mpl *> CO CO
tOWCJl
C0C0<1*»
QDOlW>-00";.i©CCCBQDC0b5'i OD^o'^ OI iUmIo ©"Ci c:»"tO<) o'*^ C5C0 05
7«16
71,6
wicotOif>.ao--ic;t^it'©oviao50iQDC5«:if'i;>-oocoyii-ao5if'Co©«co
©
HHi^Oa
<*
H-
M to to to
*».
-«
M en HI to 05
to
Qoo:<lb5i&.to<lHiC(;<ien<ienencokOoocococo
2P
lf>.*-©COCOO~-ItO-.OH-l^»405lP-COCOXtOif(»h-<ItO
to
<1
CO
*k
CO
HI
— CnC0t;CCO5tveil
n
»
CO
00
HI
HI
10
co<ien_w
,
tOHiai
to
^*^i-i-i
if'tOtO©
MwV'<»os05©oen'w<I*^i©en©OGD^:
M 00 CO CO © HI
CO CO HI 00 <0 CO
rf^'iP-to
oboiq©o><iaio-. too
^oOHl|f©tOx©^acocOl^K»*'l^-©aOHlto©la^05l^^3enO|^t03:en
cnOH'-gcnti(cnoDK-©(-if'03CO wentc<loo©entotococnooH'ena©K-
Columbus. Qa.
week.
ing 72
show that the interior stocks have increased during the week 29,103 bales, and are to-night 79,556
bales more than at same period last year. The receipts at all
towns have been 74,726 bales less than same week last year.
Overland Movement for the Week and Since Sept. 1.—
We give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Oct. 27 and since Sept. 1 in the last two years are as follows.
al)ove totals
1899.
October 27.
Week.
1898.
Since
Sept.
1.
_,
,
^eeA.
658
7i8
Little Rook....
658
6^
Montgomery...
6''8
34,429
12,564
from South
Total to be deducted....
500
1,649
11.095
4,056
5,276
58.444
23,511
Sept.
1.
...„
3'.798
109,889
50,686
23,ltil
4,237
2,608
4,362
12,526
13,944
13,581
18,248
67,920
301.765
50,890
218,874
5,591
2,103
3,275
30,015
8,244
20,476
18,394
148
1,082
58.73:
19,624
79.'
Total gross overland...
Deduct iMpmenlt—
Overland to N. Y., Boston, Ac
Between interior towns
Inland, &o.,
143,923 24,731
50,282 11,154
10,969
1898.
In Sight and Spinnen'
Takings.
Week.
Since
Sept.
1.
Week.
Since
Sept.
1.
244,435 1,790.797 407,383 2,269.682
Receipts at ports to Oct. 27
243.030 31,266 164,470
56,951
Net overland to Oct. 27
Southern consumption to Oct. 27. 29,000 230,000 26,000 218,000
Total marketed
Interior stocks in excess.
....
330.386 2,263 827 464.640 2,652.152
29,102 367,657 54.352 427,165
Came
519.001
into siKht during week. 359,468
2,631, i'84
3,079,317
Total In sight Oct. 27
North'n spinners tak'^; 8 to Oct 27
80,980
404,048 46.767
7
7
7
7
7
714
714
7H
at other
importat t
6%
NashvlUe
Natchez
6%
6^
Raleigh
Shreveport
7
09,
telegraphic ad-
—
The weather has been dry all the
The thermometer has ranged from 52 to 95, averag-
6.
— We
Average thermometer
have had no rain the past
highest 88, lowest 59.
Rock, Arkansas. -Daring the past week there has
been no rain in this section. The weather could not have
been better for gathering crops, and good progress has been
made in picking cotton. The corn crop was a big one, but the
cotton crop will be at least 25 per cent less than last year.
Helena. Arkansas. Cotton is being rapidly pi^jked and
marketed and very little is being held. We have had no precipitation during the week, but there arelnow indications of
The thermometer has ranged from 52 to 85, averaging
rain.
week.
73,
Little
—
4.
—
Memphis, Tennessee, The weather has been dry all the
week— fine weather for gathering the crop— and picking and
marketing have progressed well. Average thermometer 77*4,
highest 82'5, lowest
56*6.
—Reports
that picking is
all the week.
The thermometer has averaged 61, the highest being 79 and
the lowest 49.
Mobile, Alabama. There has been no rain the past week.
The thermometer has averaged 74, ranging from 59 to 87,
Nashville,
Tennessee.
nearly completed.
indicate
Dry weather has prevailed
—
—
—
Including
1899.
79ia
Montgomery, Alabama. The weather has been warm and
This has been a phenomenally favorable
all the week.
dry
45,420
1,^63 picking season. The thermometer has ranged from 52 to 84,
7,121 averaging 68.
Selma, Alabama. Farmers are through gathering cotton^
54,404
except on the bottom lands, where there will be a light top
164,470 crop. There has been no rain the past week. Average ther-
Leaving total net overland*. 56.951 243,030 31.266
movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 56,951 bales, against 31,266 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 78,560 bales.
*
7^16
We
— We
Vicksburg, Mississippi.
69
Since
—
Shipped
VlaSt. LoulB
Via Cairo
Via Paducah
Via Kocii island
Via Louisville.... ...,
Via Olnoinnatl
Via other routes, &o.
7«i6
714
Columbus.Mlss
Eufaula
to 88.
Leland, Mississippi.
The
7I1,
75,6
7ht
—
HI
'>-ilfcbctfs.H'l»'to*Hil<5m"co©'biVMHicc"^i<i<i*i'b5'encow'^
<JO0i«>-C©eni-iCc«;<lh-«jM©oocts©ou — Ci^Cnnioo^iOH'enaicn
?^«
hundredth ot an inch on one day during the week. Average
thermometer 75.
Shreveport, Louisiana. We have had no rain during the
week. The thermometer has averaged 74, the highest being
90 and the lowest 60.
Columbus, A/ississippi.— Dry weather has prevailed all the
week and the crop is being rapidly gathered and marketed.
The thermometer has averaged 76 and has ranged from 56
On
W
7116
7
714
,
5-
(X)^K-i-:o50<oc^co^05iMnHitocoo5<l~JcooiHi05ytoc;ao^icooo
H>
CO
H"
K3
OOCnit^lf»
CO
cn CO
en *>_to 05 a: CO co to
613,6
61S16
vices this evening indicate that dry weather has been very
general at the South during the week. As a result, picking
is progressing rapidly, and rf ports to us indicate that cotton
is being freely marketed. Oar Nashville correspondent states
that picking is almost finished, and from Selma we are advised that farmers have completed crop gathering except in
bottom lands, where there is a light top crop.
are without any of our usual
Oalveston, etc Texas,—
telegraphic advices from Texas points this evening.
have had a rainfall of one
New Orleans, Louisiana.
Hi
tO-^
oo©ao*>.t3am-j 05H'OHi)fic;ia©coxcOHi
H'05COtO©lOGOJi05*^*.»OiOD050t5^05lf^ce
6%
6'3ie
613,6
Weather Reports by Telegraph. — Our
wtj-]00^*'to<icnxc;i<it5aii^*»tocoaw©if'©totsp-'©i-<ico
ia>
7H
6\
Atlanta
Charlotte
Sis?
©COtOMCntObSCOHi
COOl3:COC050(»05©COltkXtO©<l:;>050<l-.'-'<I©0505 00l-'0'»©.fe
CCOQOOOlf^|f>.»tOOtiOOC»:T*«>^^-<Il—tOibCOCOOO©l-iH'i;k»o>rx)
2
7H
Athens
-)
tol
§!
613,6
6^
Southern markets were as follows.
'S>
ocH'H'K;i-»o©weoo©o)CHio5-jwoco«<©©©<i05Hicooo(»'.o;j'
i
7
6i3ie
The closing quotations to-day (Friday)
to Hi
ln'c;i'oV'*'TcooVi'boVo<iVjcno'i^»»'b5 0<H-i<icn<l^lso5'ai*^
cn05Cooocntoccco-o-J«^05U>oic;<-OH'H'0©H'») wcjnOH-if».*»H- —
:
7
71l6
7^4
.
Louisville...
M
W H'COtCl-'COtOH'COH'COVl
«_N-jocBtaw»aow«><iw<i<itf^w<io*'p'pp'-«05<iH'®«iro<j
05
M^JMI^
01
«i
7
613,6
613ig
7lifl
71l6
Houston
^
lfk03Gooo-gtilf'»JH'(I)COH'0505ccot^o>toco^•.opftowtClfi•«o05^^
00
Louis
FH.
7
Memphis
CO
05 ik ?;>*>
Thurs.
303,634
In 1897 the week's movement into sight was 492,434 bales;
in 1896 reached 378,489 bales; in 1895 was 3.59,523 bales, and
in 1894 was 566,887 bales. The totals since Sept. 1 in the same
years were 2,868,773 bales in 1897; 3,047,747 bales in 1896;
2,306,008 bales in 1895, and 2,934,824 bales in 1894.
mometer
68,
highest 88, lowest 45.
—
We have had rain on four days during the week, to the extent of ttiree hundredths of an inch.
The thermometer has averaged 68, ranging from 52 to 83.
Augusta, Georgia. Dry weather has prevailed all the
week. The weather has been favorable to the maturity of
the top crop wherever there is any. The thermometer has
ranged from 47 to 89, averaging 66.
Charleston, South Carolina— H,a,in has fallen on two days
of the week, to the extent of forty-one hundredths of an inch.
Average thermometer 69, highest 83 and lowest 50.
Stateburg, South Carolina.— The dry weather of the past
week has favored the gathering of crops. The thermometer
has averaged 64, the highest being 85 and the lowest 41.
Savannah, Georgia.
—
Greenwood, South Carolina.— We have had no rain during
the week. The thermometer has averaged 59, ranging from
47 to 71.
Wilson, North Carolina.— There has been no rain during
the week. The crop is turning out a little better than expected and is being gathered and marketed rapidly. The
thermometer has ranged from 42 to 79. averaging 63.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
3 o'clock October 26, 1899.
and October
27, 1898.
OOTOBER
THE CHRONICLE.
29, 1899.
Oct. 26, '99.
Oct. 27, '98.
40
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
NewOrlean8
Memphis
Nashville
Shreveport
Ylokaburg
Week Ending
from—
4-2
6-9
9-3
•21
10-9
0-8
0-8
0-5
1-1
Since Sept.
Oct. 27,
Oreat
'
Brii'n.
Savannah...
Charl't'n.&c
Floriaa, &c.
France _
,
1
Oreat
,
Total.
BHl'n.'
dkc.
1,550 2,041
1.5501
421
Since
Week.
Bombay.
11,000
51.0001
6,000
For the Week.
Since
Week.
Sept. 1.
Sept. 1.
21,000
6,000
30,000|
Since September
1
Oreat
Continent.
Britain.
Total.
Great
Britain.
_
Oontinent.
;
,
,
Total.
2,000
24.000
6,000
24000
i',bbo
1,000
8,000
5,000
1,000
9,000
5,000
2",6b6
i,o66
2,000
2,000
1,000
3,000
4.000
1,0
i',ob6
i'o'oo
4,bb6
1,000
4.000
5,000
7.000
17,000
11,000
7,000
21.000
16,000
lo'.obo
7.000
7.000
11.000
52,000
26.000
11,000
59,000
33.000
3,ob6
s'.bbo
2,000
6,000
•Calcutta—
1899
1898
1897
2,000
1,000
2',obo
1,000
Madras—
1899
1898
1897
i'obo
1,000
11 others—
1899
1898
1897
Total
1,000
5,000
6,000
aU-
1899
1898
1897
9,000
3,000
i",6o6
1,000
4,000
,
,
1,415
3,4.o6
Since
Week. Sept.l.
883
5,241
"ilb
2',037
42
"408
412
1,592, 2,037
1,823
3,910
678
1,293
7,278
72&I 1,385
751
2,136
302
1,724
50
Quotations Oct. 27 at Savannah, for Georgias, extra
12i.^c.; choice, 12^c.; fancy, IS^^c.
Charleston, Caroliuas,
medium
fine, 18c.;
fine,
fine, 20c.; fully
fine. 23 to 26c.
Cotton in South Carolina.
from a regular correspondent
Carolina, the following letter
Bombay—
1899
1898
1897
_
Total.
—We have received this week
1.
MxportB
from—
1,592
Total 1898..
1897.
Since
Week.
Sept. 1.
die.
1
Total
1898.
1899.
Beoeipts at-
1899. North'n Mills.
"4
York..
MOVEMENT FROM ALL PORTS. — The receipts New
Boston
ports
India
Bombay and the shipments from all
Bait., &c
from Sept.
I
Fr'nee]
42
42
INDIA (JOTTON
of cotton at
for the week ending Oct. 26, and for the season
to Oct. 26 for three years have been as follows:
1,
Exports
Feet.
Feet.
917
to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts of
5,000 bales.
Exports from all India ports record a loss
of 10,000 bales during the week and since September 1 show
According
Messrs.
Dear
W. B. Dana
in
Anderson County, South
:
Co.:
—
Sirs I have just returned (last week) from a trip of
fifty miles through Anderson County, taking in the best
crops in the county. The planters generally report a little
less than half a crop, but by quizzing a good many of them
and comparing this crop with last, I conclude that the crop
will turn out a little more than half in the portion of the
county that I visited but I traversed the best portion of the
county. There is a section of about two hundred square
miles of the best land in the northern portion of the county
that reports one-quarter of a crop and less.
On the whole I
should guess the county will make half a crop. On the other
side of the river, in Georgia, the crops are worse than on
The crop is nearly all picked out. The small
this side.
farmers are generally done and are sowing small grain, gathering in hay, forage, etc. The ground has not been wet
since April. It got so dry in June and July that the light
showers did not reach the sub-soil and one would dry out before another fell. Cotton picking commenced a month
earlier this year than usual.
That increased the receipts in
September, but they are going down mighty fast now.
* * *
;
a decrease of 48,000 bales.
Alexandria Receipts and Shipments of Cotton. The Agbicultural Department and Mr. Neill. The
Through arrangements we made with Messrs. Davis, Benacbi
extracts are from a letter dated October 20 to
following
& Co. of Liverpool and Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria, Egypt. Tbe Messrs. Price, McCormick & Co., of this city, from Mr. John
following are the receipts and shipments for the past wetk Hyde, Statistician of the Department of Agriculture. As
and for the corresponding week of the previous two years.
—
,
will be seen, it relates to the important question of rainfall
Alexa^idria, Egypt,
October 25.
1898.
1899.
and cotton yield in the Southern States this season, and is
consequently of deep and general interest:
Dear Sirs: —In answer to your inquiry as to how far the statement
1897.
'
I
Receipts (cantars*)
This week
Since Sept. 1
. .
290.000
909.000
340,000
1,296.000
Since
This
week.
Sept. 1.
This
week.
300,000
of the rainfall In the cotton belt which appears in Mr. H. M. Neill's
circular of October 11 corresponds with the official records, I have to
luform you that the table is made up in such a way that no sort of
correspondencrt can be established. Not only does it fail to mention
the particular stations of the Weather Bureau upon whose reports it
is based, but it even leaves in doubt the question as to the particular
group in which certain States are included. Variou.s combinations of
stations have been made with a view to reach the same results as
those given in the table, but entirely without success. The table is
not consistent with the Weather Bureau's methods of determining totals and averages, and the manner In which the flfjures were arrived
at I cannot determine.
Before proceeding, however, to give you the ofticial records. I wish
to make one or two comments upon the table as It stands. Notwithstanding that the circular is professedlv dealing with the months of
Auirusi and September, the rainfall table includes also the last week
in July. It is in that way. and in that way only, that the rainfall in
the Atlantic and Gulf States is made to apppear greater in 1899 than
in 1897.
Make the table begin with the first week in August instead of the
last week in July, and the rainfall will be shown to be 6-88 inches in
1899, against 7*23 inches in 1897 in the Atlantic group, and 3-86
inches in 1899, against 4-46 inches in 1897 in the Gulf group, while
the diminution in Texas, which Mr. Neill himself has to acknowledge,
will become very much greater, the rainfall in that State during the
period under consideration being only 1*97 inches In 1899, against
4:-49 Inches in 1897.
There is no propriety in including in (the table the rainfall in the
The low condition of the cotton crop on October 1
last week in July.
was due almost entirely to the drought during August and September,
the condition on August 1. as published! by this Departmenr, being
only 1*8 points below the average for the last ten years. It is worthy
of note, however, that the contention of the circular is not
helped as much as would appear by carrying the table back to
July 23, a reference to chart 3 in the monthly weather review for
July, showing that the rainfall in the Gulf States for that month was
mainly in the Florida Peninsula and along the Gulf Coast, a region
chiefly of rice. Sugar and sub-tropical fruits.
The table* I send you herewith shows the rainfall in August and
September for each of the last four years for each of the ten principal
Comparing
cotton States and for Oklahoma and Indian yerritory.
the figures for 1899 with those for 1897 it wiU be seen that, except in
three States, the entire cotton belt had a smaller rainfall in August
and September of the present year than in the corresponding months
of 1897, the decrease ranging from 3-4 per cent in Ark«nsa9 to 504
per cent in Texas, and 56*7 per cent in Oklahoma and Indian Territory.
The only States showing an increased rainfall In August and September, 1899, over the corresponding months in 1897 are North Caro-
1,109.000
Since
Sept. 1.
This
week.
Since
Sept. 1.
Sxports (bales)—
To Liverpool
To Contlnentt
Total Europe
*"
t
13,000
10,000
50,000
44,000
P,000
7.000
37,000 15.000
38.000 8.000
45,000
41,000
23,000
94,000 13,000
75,000 23.000
86,000
A oautar is 98 pounds.
Of which to America In 1899, 2,948 bales; In 1898, 2,339 bales;
In 1897. 5,133 bales.
MANoaESTER MARKET. ^Our reporc received by cable
to-night from Manchester states that the market is steady
for yarns and quiet for ehirtin^B. Merchants are buying
very sparingly. We give the prices for to-day below »' d
leave tbose for previous weeks of this and last year for
comparison.
1899.
8H
lbs. Shirt- Cott'n
32« Cop. ings,
Twist.
d.
Sp.32
d.
8.
6ll6S»615i6 4
29 6&,ea7i4
4
4
4
" 13 67i6»738
" 20 6'i6'3'738
" 27
common Mid. 32s
Uplds
to finest.
Oct. 6 57,6^738
•'
1898.
4
4
d.
6
8
9
9
9
9
8.
d.
®7
3
'97
'97
'97
4>«
®7
'97
6
6
6
d.
8*4 lbs. Shirt- OotCn
Oop. ings,
Twist.
d.
d.
3S8
513 ®6J4
3273 5ifl 'wQ^
331,2 5»i« a>6=«,6
59i9 '965t..
33I32 5»,8 '9638
331 «2 59, « -963s
common Mid.
Uplds
to finest.
s.
4
d.
8.
4
4
-©0
'96
'96
'96
4
«6
4
4
'96
d.
6
6
6
6
6
6I2
d.
35'.o
318"
3i«
33r2
31l6
3116
Sea Island Cotton Movement.— We have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (Oct. 37) and since
Sept. 1, 1899, the stocks to-night, and the same items for the
corresponding periods of 1898, are as follows.
1899.
Receipts to Oct. 27.
Savannah
Charleston,
Florida, «fco
Slock.
This
Since
This
Sitict
week. Sept. 1. week. Sept. 1. 1899.
3,958
&c
1898.
439
410
22,123 3,575
1,644
322
2,037
South Carolina and Tennessee.
The various Slates not being of equal area, and the Weather Bureau
Stations not equidistant from one another, the comparison for the
entire cotton belt made In the accompanying table' is not strictly
accurate. No careful examination of the table can. however, be made
lina,
1898.
12,087 13,U1 14,325
973 1,837 1.825
396
15
4.807 2=V.804 3,897 13 060 14.963 16,544
for the week ending this evening reach a total
of 1,592 bales, of which 1,592 bales were to Great Britain,
to France and
to Bremen, and the amount forwarded to
Northern mills has been 1,293 bales. Below are the exports
for the week and since September 1 in 1899 and 1898.
without its becoming apparent that the rainfall in the cotton region
ae a whole, during the months of August and September of the present
year, was considerably less than in any one of the three preceding
Total
The exports
—
years.
—
I
'
•
That the condition of the cotton crop of North Carolina on October
1st of the present year was considerably lower than at the correspending date in 1897, notwithstanding a largely increased rainfall
during August and September, was due in part to the fact that the
August and Sentember of 1897 were among the five dryest periods
tbrougn which the State has passed in twenty-eight years, and that.
THE CHRONICLE
918
JuTE Butts, Bagging, &c.— The market for jute bagging
has been quiet during the week under review, but prices are
consequently, eren the one-third nacre rain that
fell In the correcompatible with a condition of
drought, and in part to the fact that the rainfall of the past August
was almost wholly that which accompanied the destructive West
Indian hurricane that passed over the eastern part of the State on
August 17th. The rainfall in North Carollnn, in both August and
September of the present year was considerably below the normal,
notwithstanding its excess over the corresponding months in 18 J7;
and in addition to this general deficiency must be counted the destructlon wrought by the West Indian storm.
While Tennessee was not visited by any destructive storm, the fact
that its average rainfall during August and September of the present
year was '34 inches greater than in the oerresponding months In 1897
sponding months In 1899 was
still
unchanged
I
1
I
:
|I
2 lbs.,
'
August
data for Texas (September not having come
to hand), with the following result : Of the eighty stations
official rainfall
I
covered, thirty reported an entire absence of rainfall and
many others had practically no rain only two to twenty
hundredths of an inch. In fact it was merely along the coas*
of Texas that there was any appreciable rainfall.
Total bale*.
per steamer Cy mrlo, 3,567
3,567
601
To Hull, per steamer Colorado, 601
3
To Manchester, per steamer Cyrene, 3
To Havre, per steamers Lacroma, 956
La Qascogne, 500 1,456
1
To Bremen, per steamer Saale, 1
240
To Hamburg, per steamer Palatia, 240
•200
To Antwerp, per steamer Kensington, 200
Nbw obleans—To i,iverpool— Oct. 21— Steamer Atlantian,
12,692.... Oct. 23 -Steamers Inventor, 3,300; Wanderer,
21,216
5,224
-2.000
To Belfast—Oct. 25— Steamer Glenarm Head, 2,000
To Manchester-Oct. 24— Steamer Empress, 1,361
1,361
To Havre— Oct. 24— Steamer Istrar, 12,290
12,290
100
To Marseilles— Oct. 26— Steamer Burgundia, 100
To Bremen— Oct. '.iS— Steamer Hatasu, 5,695
5,6 »5
5,695
To Hamburg— Oct. 24 -Steamer Emma, 5,695
To Rotterdam— Oct. 23 -Steamer Frederick Knight, 400...
400
.
-
firmatory of the belief entertained by nearly all authorities outside of
to the shortness of this year's cotton production.
Mr. NeUl as
of the
and 5fi@6}4'^. for
—
New York—To Liverpool
&
some investigation
^t>s.
Shipping News. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 204,397 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
,
*
We have ourselves made
at 5}y^%5f^c. for 1^4
standard grades.
In jute butts there is nothing doing.
Prices are nominally uochanged at l-05c. for papar quality
and l%c. for mixing to arrive.
possesses little significance, as the rainfall was still considerably
below the normal, a condition of drought prevailing throughout almost
the entire period.
We omit the table referred to above.
Messrs. Price, McCormick
Co. make the following comment on the letter
These figures are, in our opinion, a very conclusive reply to Mr.
NeiU's attempt to establish an analogy between the cotton crop of
1899 1900 and that of 1897-98, and it seems to us are entirely con-
[Vol. LXIX.
—
,
I
To Copenhagen— Oct. 20— Steamer Nordkap, 1,900. ...Oct.
22— Steamers Rokeby and Texas, 1,950
To Oporto- Oct. 21— Ship Oceano, 3,000
ToGenoa-Oct. 26— Steamer Citta di Messina, 5,592
Galveston- To Liverpool -Oct. 21— Steamer Noranmore,
13.150
Oct. 24— Steamers Engineer, 3,006; Ursula
3,850
3,000
5,592;
27,725
5,268
Bright, 11,169
Egyptian Cotton Crop.— The following report on the cot
ton crop in Egypt, issued by the Alexandria (i-eneral Produce
Association, under date of September 30, has been fur nished
to us by Mr. Fr. Jac. Andres of Boston
,
:
September has been favorable for our crop. SuflBcient irrigation, in
spite of the low Nile, has been accomplished, owing to the wonderful
system of rotation, which promises to be maintained during the remainder of this year. First picking is nearly finished. Quality and
quantity are very satisfactory. Second picking promises to be good.
About the third picking it is too early to form an opinion. The result
of ginning is about
better than last season.
^%
New England
Mills Situation.
—A
committee of the
Cotton Maufacturers' Association of Fall River will hold a
conference with representatives of the operatives on Monday, October 30, for the purpose of discussing the request
for an increase in wages. The operatives at New Bedford,
following the lead of those at Fall River, have decided to
request an increase in wages. The Selling Committe at Fall
River on Saturday last advanced the price of 64x64 regulars
1^8
cent, to
2%
cents.
—
Domestic Exports of Cotton Manufactures. We give
below a statement showing the exports of domestic cotton
manufactures for August and for the eight months ended
Aug. 31, 1899, and for purposes of comparison like figures for
the corresponding periods of the previous
presented:
year
are
also
QiMmtitiM of Manu/actuTM of Cot- Uonth endino Aug. 31. 8 moi. ending Aug. 31.
ton (eolOTtd and uneolortd)
1899.
1898.
1898-99.
exported to—
1897-98,
United Kingdom
France
yards
"
"
Qermany
"
Other countries In Eliiropa....
Brttlsb North America
C«nt. Amer. & Brit. Honduras
tezlco
"
"
"
BantoDomlngo
Onba
"
Puerto Rico
Other W. Indies & Bermuda..
Argentine Republic
"
"
"
*'
Braill
"
United SUtei of Colombia.
Other countries in S. America
China
British Bast Indies
.
"
"
"
"
"
"
Hong Kong
Japan
-
Pnsses'ns t^ Australasia
Philippine Islanus
Other Asia ana uceanica....
Africa
Other countries
Brtt.
"
"
"
Total yards of above.
Total values of above
Talne per yard
551,878
2,606
13.077
B8.9J4
453.872
1.398,893
931,814
1,047,980
• • • •
• •
9.734
109,468
1,677,272
1,008,948
663.073
287.212
1,415,403
538,901
1.780,7B8
69.807
731,446
68J,055
1,61 3,99b
13,578,728
710,300
12,H1D
22,477
161,692
4,004
3,007,651
1,056.812
1,833.284
141,94ii
683,171
606,887
2.651,24^
1 6,254,0 r,
676,700
68,104
62.847
243,569
647,401
127,121
5.362,631
7,255.108
14,909
30.648
206.721
238,216
892,457
1.058,721
9,736.118 12,825.681
9,761,213
6,146.649
6,323,604
4,853.800
8,037.^39
8,269,010
11,0^2,610
70.560
4.W01,280
9,535
12,683,537
7,752,866
1,267.113
1,670,258
4,868,067
6,199,310
5,738,645
4.101,366
17,013,828 19,346,825
168,827,441 104.529,216
2,627,078
6.366,760
259,360
292,900
629,378
508,664
1,980,264
1,070,277
143,293
1,714
26,446,732 19.391,083
8,677,139
6,971.767
62,378
69,895
28,481,753
26,999,658 292,160.841 218,822.642
$1,391,440
$-0489
$1,308,594 $13,407,016 $10,107,383
$-0459
$-0488
$0176
{41,921
l,'i25
16,fl2w
Sermany
Other countries In Burope
British North Aroorlra.. ,.
Cent'l Amer. & British Honduras..
Mexico
Banto Domingo
Cuba
Puerto Rico
Other W. Indies and Bermuda..
Argentine Republic
Braill
United States of Colombia
Other countries In Bo. America
China
British Bast Indies
HonA Kong
Other countries
Oceanlca
10,591
172.6a
26.681
81,850
12
In
Asia
$41,385
910
9.456
«,8I5
144.U72
12.395
29.4^7
2,9£8
21,092
2,029
66
l!S.260
10,640
4,418
3.699
2.613
2.996
744
2.771
4,61b
4,92«
8.131
869
863
216
81.464
1,338
British Australasia
Philippine Inlands
38
3.160
21,042
$317,018
$286,318
13.65S
119,9K4
73,828
1,490,258
193,064
291,5ei
12,894
129,869
»1.5t5
102.PB6
81 .3< 7
21,918
29,058
51,253
10,886
1,166
6,676
142.211
2,813
2.717
121,e66
53,634
1,250.540
151,632
252,015
14,580
10.855
746
64,979
28.615
29,3b0
26,932
26,299
8.275
1,641
11,269
127,674
anc
^rloa
Other countries
Total value of other manntac
tares of
Aggregate value of all cotton goodt
27,154
berforce. 7.770
To Marseilles -Oct. 21—Steamer Naparima, 542
To Bremen— Oct. 24-Steamers Qlenfleld 2,839; Heath-
54'Z
more. 6,933
9,832
To Hamburg— Oct. 21— Steamer Mountby, 490
To Rotterdam— Oct. 21— Steamer Khartaum, 770
To Antwerp— Oct. 26—Steamer Waddon, 3,466
To Aarhaus- Oct. 21—Steamer Emma, 100
Texas City, &c.—To Mexico, per railroad, 273
Pbnsacoi^a-To Antwerp -Oct. 25— Steamer Pondo, 100
SAVANNAH—To Liverpool— Oct. 24—Steamer Mai tby, 2,350 up-
490
770
3,466
100
273
lOO
land and 1,550 Sea Island
3,900
To Bremen— Oct. 21—Steamer
5,350'
Glengoil, 5.360
ToReval— Oct. 23— Steamer Cassius, 5,250
To Genoa—Out. 2i—Steamer AquUela, o.OiO.
To Trieste— Oct. 26— Steamer Aqullcja, 2,300
BBUN8W1CK—To Liverpool—Oct. '.^4— Steamer
5,250
5,080
2,300-
Bamesmore,
5,004
5,004
OaAKLESTON-To Liverpool— Oct. 26— Steamer Acacia. 5,747
upland and 42 Sea Island
5,789
To Barcelona— Oct. 20— Steamer Thomas Turnbull, 5,850
12,547
Oct. 21 -Steamer Aureola, 6,t»97
Wilmington—To Bremen -Oct. 20— Steamer Marian, 6,236
15,185
....Oct. 26— Steamer Crathome, 8,919
2,100
NOBFOLK—To Liverpool— Oct. 2*— Steamer Iran, 2,100
UOSTON-To Liverpool— Oct. 20— Steamer Sachem, 506
Oct. 21— Steamer Turcoman, 100
Oct. 25— Steamer
New
England, 54
660
53
,
To Yarmouth —Oct. 24— Steamer Prince George, 53.
Baltimore— To Liverpool— Oct. 18 —Steamer Querntnore,l,633
To Bremen— Oct. 25— Steamer Munchen, 200
To Hamburg— Oct. 20— Steamer Belgravia, 500
To Rotterdam —Oct. 19— Steamer Patapsoo, 4
San Franci8CO-To Japan— Oct. 24— Steamer Gaelic, 980
.~
Total
1,63
82.f8;
10,4U4
26,717
12,240
458
$424,008
$1,815,154
228
288,672
84,929
1,796
237,180
66,015
4,570
$334,707
$3,153,976
$2,760,705
$1,638,301 $16.861,022 tl2.877.088
{
200
500
4
980
204,397
In
The particulars of the foregoing shipments, arranged
our usual form, are as follows.
etreat
Brit'n.
New
French
ports.
Qer- ^Oth.BPrope-s Mexico,
many. North. South.
241
4,171 1.456
N. Orleans, 24,577 12.390 5,695
ulalveston. 32,993 27,696 10,322
de.
56.07-3
8,592
->« •>•
75,347|
27fi
lOCl
273
100
Pensacoia.
Savannah..
3,900
5,004
OtfS^
Brunswick
Charleston
•->••
2.100
Norfolk....
Boston....
Baltimore.
San FTan..
700
1.633
12,547
*....•
WUmingt'n
21.88(
5,004
18,33(
15,18;
7,380
6,250
5,350
Total}
6,068
4,820
4,336
Tex.C.&o.
••
53
•••>«
4
"985
326
80,827 41,542 37,493 14,710 28,519
Total.
Japan.
200
York.
2.10(
715
2,3398<
980 204,39
To Japan since Sept. 1 shipments have been 100 balei
from New York and 5,560 bales from Pacific Coast. T»
Ciilna, 2,458 bales from New York.
Cotton freights at New York the past week have beei
ai follows.
FaltMs of other Manufactwret o)
Ootton exported to—
United Kingdom
France
To Manchester -Oct. 21— Steamer Saturnlna, 5,268
To Havre-Oct. 20-8teamer Hillcrag, 7,894... .Oct. 21—
Steamer Trenthan Hall, 11,490
Oct. 24— Steamer Wil-
Satur.
Liverpool
,
Havre, Oct
Bremen, Oct
Hamburg, Oct
d.
ifi
c.
35*
e.
..e.
Amsterdam
39
30
Man.
rues.
Wednet. Thur:
ifl
^
^
35
35
30
35*
35*
35*
35*
35
30
36
30
35
30
36
30
32I3
321)
3-^^
321
45
46
45
40
40
^
c.
32ifl
c.
32ifl
321a
32i«
321*
321,
32>a
321^
c.
45
45
45
40
40
45
45
45
40
40
45
45
45
40
40
45
45
45
40
40
40
Antwerp, Oct...d.
ifi
^
H
^
^
Rotterdam
Beval,
Do
Do
v.
Hamb..e.
V. Hall...c.
V. Copen..c.
Genoa
c.
TrleBte, direct. .
.
JW«
45
45
45
40
9,
9«4
8«1
Ghent, V. An tw'p.d.
64
8«1
»e4
»64
lb.
penny
per
traotiona
of
a
Quotations are cents per 100 Iba. or
• And 5 per cent.
—
Liverpool. By oable from Liverpool we have the follow
Ing statement of the week's sales, stocks, &o., at that port
©OTOBBR
THE CHRONICLE.
1899.]
28,
6
Oct.
8ale8 of the
week
50,000
2,100
1,100
46,000
7,000
55,000
*7 16,000
662,000
43,000
40,000
171.000
169,000
bales.
Of which exporters took...
Of which speculators took.
Sales
American
Actual eiport
Forwarded
Total stock— Estimated
Of which American— Est'd.
Total import of the week
Of which American
Amount
afloat
13
Oct.
Oct. 20.
62,000
3,200
2,100
56,000
5,000
51,000
723,000
666,000
63.000
55,000
186,000
184,000
Oct. 27.
62,000
3,000
2,000
58,000
5,000
78,000
751,000
689,000
131,000
117,000
172,000
172,000
64,000
4,600
fcOO
59,000
5,000
72,000
703,000
64 4,000
57,000
48,000
224,000
222,000
Of which American
• 800 burnt.
The tone of the Liverpool market for spots and futures
eaoh day of the week ending Oct. 27 and the daily olos:ng
pTioes of spot cotton, have been as follows.
Sat'day.
Spot.
Market,
M.^
Mid. Upl'ds.
33I32
Bales
Spec.
P.
& exp.
Fair
In buyers' business
favor.
doing.
Fair
Fair
)
Quiet.
1:45
Monday. Tuesday. Wed'day. TKursd'y Friday.
business
doing.
Quiet.
business
doing.
33I33
4
331s2
315i6
3SI32
7,000
10.000
8,000
10.000
12 000
10,000
500
500
500
500
1,000
500
Futures.
Barely
at Steady at Quiet at Steady at
Market, } Steady
steady at
1-64 ad1-64 ad- 2-64 a 8-64 1-64 ad1:45 P. M.5
1-64 dec.
decline.
vance.
vance.
vance.
Market,
4 p. M.
}
Quiet.
^
Barely
steady.
Easy.
Quiet.
Steady.
Quiet.
Quiet but
steady.
The prices
of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
below,
mon.
Sat.
Oct 21 to
Oct. 27.
Taes.
Prl.
Tliars.
\ired.
121s 1 1:45 4 1:45 4 1:45 4 1:45 4 1:45 4
P.M. P.M. P.M P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d.
a
d.
3 58 3 57
October.
Oot.-Nov.... 3 57 3 56 3
Nov.-Dec. .. 3 56 3 55 3
Deo.-Jan..., 3 56 3 55 3
Jan.-Feb.... 3 55 3 55 3
Feb.-Moh. .. 8 55 3 54 3
Mch.-AprlL. 3 55 3 54 3
April-May .. 3 55 3 54 3
May- June...
3 54 3
June- July. 3 55 3 54 3
July-Aug.... 3 55 3 54 3
Aug. -Sept... 3 53 3 54 3
.
d.
d.
d.
d.
d.
d.
d.
d.
d.
359 3 58 3 56 3 55 3 57 3 56 3 54
58
57
56
55
55
55
55
55
55
55
54
3 57 3 55 3 54 3 56 3
3 57 3 54 3 54 3 55 3
3 56 3 53 3 53 3 54 3
3 55 3 52 3 52 3 53 3
3 55 3 52 3 52 3 53 3
3
3
3
3
3
3
55
55
55
55
55
54
3 52 3
3 53 3
3 52 3
3 52 3
3 52 3
3 61 3
52
52
52
52
52
50
3 53 3
3 53 3
3 53 3
3 53 3
53 3
3 51 3
3
55 3
54
53
52
52
52
52
52
52
52
50
3
3
3
3
3 56 3 56 3 56
53 3 55 3 55 3 55
52 3 54 3 54 3 54
52 3 54 3 53 3 53
51 3 53 3 52 3 52
50 3 52 3 51 3 51
50 3 52 3 61 3 51
60 3 52 3 61 3 51
50 3 52 3 51 3 51
60 3 52 3 51 351
60 3 52 3 51 3 51
48 3 50 3 49 3 49
9iy
to higher prices. Advices from the interior have reported
an active cash demand, and as offerings from the country
have been very moderate and the crop movement has been
comparatively light, prices have gradually advanced
throughout the week. Business in the local spot market and
at outports has been less active, as there has been a farther
falling off in the demand from exporters; prices, however, have advanced with futures. Early in the week
the difficulty exporters experienced in obtaining ocean
freight room checked business to a considerable extent. Today the market was slightly easier under realizing sales.
The spot market was active and steady. Sales for export
here and at outports were 1,060,000 bushels.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IS NEIV YORK.
Jfon.
Sat.
Cash corn,
Wed.
Tues.
40
40=8
4038
Dec. delivery in elev
3938
3914
38%
May delivery in elev
38
3858
SS'b
daily closing prices of no. 2 mixed corn
f.
o.
b
Oct. deUvery in elev....
Dec. deUvery in elev....
May deUvery in elev
Sat.
Mon.
Tues.
SOSs
30i2
32i8
3138
3138
31^^
3IJ4
32'e
33
401fl
3913
39
Thurs.
4138
40T«
4138
39^
38'8
40
in chicago.
Wed. Thurs.
Fri.
SlSa
3138
3138
31^
32
31%
33^8
3338
33
Oats for future delivery at the Western market have been
moderatively active, and there has been a fractional advance
in prices. Sympathy with the rise in com values has been
the principal strengthening factor. The statistical position
also has had some influence in favor of higher values. Business injthe local spot market has been moderately active, as
there has been a demand from both exporters and the home
trade. Receipts have been only moderate and prices have
advanced. To-day the market was quiet and slightly easier
for futures. The spot market was quiet and unchanged.
DAILY CLOSING PRICES OF OATS IN NEIV YORK.
Sat.
Mon.
Tues.
Wed. Thurs.
Fri.
28Ja
No. 2 mixed in elev
2<i^
28^3
29
29
29
No. 2 white in elev
31
31
3112
30%
SO^a
3Hfl
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Wed. Thurs.
Sat.
Mon. Tues.
Fri.
22'^8
Dec. delivery in elev
2288
2258
22\
22%
22%
24J4
24ia
May deUvery In elev.... 24ie
2438
2412
24»s
Rye has had only a limited eale, but values have held
steady. Fair sales of feeding barley have been made for
export; prices have been unchanged and steady. Buckwheat
has been firm but quiet.
Following are the closing quotations:
FLOUR.
$1 80 ®2 35
Patent^ winter.... $3 65 ®4
2 00 ®2 55
City mills, patent.. 4 50 -a>4
2 20 ®2 70
Ryeflour.superfine 3 40 ®3
2 50 ®2 90
Buckwheat flour.. 2 40 3)2
2 85 ®3 30
Corn meal—
Straights
3 35 -©3 65
Western, etc
2 20 -32
Patent, spring
3 85 ®4 50
Brandywine
2 25 ®2
(Wheat flour in sacks seUs at prices below those for barrels.)
Fine
Superfine
Extra, No. 2
Extra, No. 1
Clears
25
75
75
50
I
[
BREADSTUFFS.
Fri.
25
30
GRAIN.
Friday, Oct. 27, 1899.
Wheat, per bush.—
0.
c.
Com, per bush.0.
c.
A larger volume of business has been transacted in the HardDuluth.No.l 7814380
Western mixed
39^'a>il^
N'th'nDuluth.No.l 77 @78%
No. 2 mixed
3988341
market for wheat flour and the tone has been firm with prices
Red winter, No. 2. 7378®76%
Western yeUow
40 ©41%
in some instances showing slight advances. A stronger
H'd Manitoba No. 1 78 ®79%
Western white
40 '3)41%
turn to values for the grain and a contemplated advance Oats— Mlx'd, p. bush. 27ifi®30
Rye. per bush59i9®66
WWte
30 ®35
Western
in freight rates, were strengthening factors, and they
No. 2 mixed
29 @30
State and Jersey
62 @65
sufficed to bring buyers into the market with increased freeNo. 2 white
31^233212
Barley—Western.
46 -373
dom. The demand from the home trade has been more active
Feedlne:
42 ®47ia
and exporters have been better buyers. Advices from the
The movement of breadstuffs to market as indicated in the
interior have been decidedly firm, mills being strong in their statements
below is prepared by us from the figures colviews. Rye flour has been in moderate demand, and with lected by the New York Produce
Exchange. The receipts at
limited offerings prices have ruled firm. Buckwheat flour Western lake
and river ports for the week ending Oct. 21,
has been firm but quiet.
an*^ ^inc© Auar. 1. for oach of the last three years, have been;
Speculation in wheat for future delivery has been slightly
more active and there has been a fractional advance in (UcHvtt at— now.
Wheat.
Oat$.
Barlev»e
Com.
ifl
I
Monday there was a gain in values, stronger Eiiroprices.
pe&Ti advices than generally expected being the principal
strengthening factor, although unfavorable weather conditions in the winter-wheat belt and a smaller increase in the
visible supply also had their influence in favor of values.
Tuesday there was a reaction in values of }4c. Cable advices were disappointing to holdeis, and during the late
trading a larger increase in the world's visible supply than
expected had a weakening influence. Weather conditions in
the winter-wheat belt also were .reported as more favorable.
Wednesday the market held steady. Thursday prices
again showed an upward tendency, advancing for the
Moderate buying for investment account
day H@%c,
and a lignt movement of the crop in the Northwest had a
strengthening influence. The market also was sensitive to
the reports received relative to the situation in South Africa.
Business in the spot market has been quiet. Prices have
been firmer with futures. To-day the market was easier.
Bu*h.60U>i BtM7t.56Z2)t Btuh.Silbt Buth.iSlbt Bw.6fl l>>.
704,650
«J4,C0O
1,078166 3.071.906
2.348.670
132.645
8,100
896.100
67.150
371.400
697.500
84,980
18,465
47.706
2.067.952
84,082
282,480
.sbij.igfliz><
Jtaloaso
ii:i.s«2
Milwaukee
Onlnth
.
Minneapolis.
Toledo
Detroit
Cleveland...
8t.Loaii....
Peoria
5,199
2,648,820
96,88<J
9.678
172,124
1,800
140,363
142.820
35.714
53.286
193,296
44,180
237,401
412,095
18.950
9.10(
250.800
734.00(
161,00(
Kansas City.
Tot.wk.'99.
wk.'98.
wk.'97.
Since Aim. 1.
1899
Same
Same
1-97
27.500
27.125
9.597
113,038
411.600
168,000
48.000
81.750
41,25)
34,600
174.098
376,460
262,611
414.091
382.991
7.487,436
4,496,800
4,770.302
8.799,329
3,717.645
1.744.687
9.798,050
294,926
6.789,139
5,694,729
3.496.632
1.303,226
6.196,997
73,262,8«4
64,997,896 63,131.478
85.688,693 52,766.968 60.228.606
82.919.309 78.004,728 68,318.315
10.066.178
8.906.729
2.499.616
ISflS
229.020
63,400
1.680,541
12.880.466
10.850.067
4.600
11,688
8,600
2.100,136
8,506.900
4.063.964
Tbe receipts of flour and grain at the seaboard ports for
Large shipments from the Argentine prompted moderate
Business in the spot the week ended Oct. 21 1899, follow
selling, under which prices declined.
Barley
Oats,
Byt.
Corn,
vVMat,
tlour,
market was quiet and prices were easier. Sales for export
bruh.
huth.
biM)i.
Bueipt* at—
bush.
bhU.
463,400
600.700
39,000
New York
774.100 1,323,200
here and at outports were 108,000 bushels.
178.531
40,484
1«9,T76
Boston
490,161
269,766
62.973
DAILT CLOSING PBICE8 OF NO. 2 RED WINTER IN NEW YORK.
15S,010
106.9S3
24,800
56.825
Montreal
817,798
84.107
.
1
Cash wheat
f.
o.
b
Deo. delivery in elev
Sat.
Hon.
Txus.
7514
75''8
75"'8
Ib^
75%
7512
Wed.
750e
75ia
Thurs.
7578
75''8
FH.
7558
7514
79^4
78%
79
Mch. delivery in elev.... 7858
79i«
78 '8
7938
79^6
79%
78%
May deUvery in elev
DAlIiT CLOSING PRICES OF NO. 2 SPRING IN CHICAGO.
Fri.
Tues.
Wed. Thurs.
Sat.
Mon.
6938
69
69
6914
68%
Oct. deUvery in elev
70i«
70 'e
7038
70 iQ
70%
Dec. delivery In elev.... 69 ''s
7438
74
7414
7458
May deUvery in elev.... 73%
74M
moderately
been
futures
has
in
Indian
corn
Speculation
active, and there has been a steady hardening of values,
Early in the week a decrease in the visible supply had a
strengthening influence. Cable advices have been favorable
PhllHdelpbia
Baltimore
aiotamond
New Orleans*
Newport Newa
Norfolk
Salveston
Portland.
Me
Peasacola
Port Arthur
ToUl week
Week 1898
*
84.226
100.367
3.938
20.290
18,366
13,468
70.896
101,150
6,238
198.780
1,416,874
11,152
558.426
411,604
112.542
387.000
66.058
80,000
74,000
266.000
1,607
1,427
6.297
519,645
l92,613
2,299,781
4.093,201
6.887,976
2,891.754
44.000
lt,^2^
97,660
654,867
181,443
178,884
385,672
219.891
204,564
15,450
66,785
110,000
629,008
47.029
8.000
1,591.019
1.640.424
Receipts do not include grain passing tbroasli
on tbroutch bills of lading.
New
Orleani for toreliin
ports
Total receipts at ports from Jan.
follows for four years
:
1
to Oct. 21
compare as
THE CHRONICLE.
920
of—
eceivti
1899.
17.206.851
bbU
rionr
bnsh. 97.685.802
WliHat
1898.
16.383.676
1897.
20.75».127
1896.
8.819.024
7H.075.181
159.2^7.935
73.247,015
9.813.476
8,456.002
54.977.«40
7S 515.9x3
67.243 050
6.63*.305
4,394,936
829.879.609
196.664,914
Oats
Barley
"
Bye
"
79.776.984
8,256.863
4,987.674
e0.PO2.441
164,66«,905
78.62H,985
3.699.658
12,438,842
"
851.236.213
859.486,826
"
"
COfto
Total (jraln...
le0.5.<0.290
The exports from the
week
several seaboard ports for the
is firm and advances of 5 per cent noted occaOvercoatings and cloakings are without material
change. Flannels and blankets quietly firm.
Domestic Cotton Goods. The exports of cotton goods
from this port for the week ending Oct. 23 were 16,038
packages, valued at |695,257, their destination being to the
points specified in the tables below
lines,
—
:
21, 1899, are shown in the annexed statement
P«o», Barley,
Oatt.
Rye,
Wheat
Corn
.Flour,
buih.
bush.
bush.
Sxportt from— bugh.
bush.
biuh.
bbU.
527.157
12,683
New York
62,419
55,070
877,421
496.794
84.266
Portland. Me.
Philadelphia..
Baltimore
New
Orleans,.
Norfolk
Newp'rtNewi
Montreal
QalvestoD
Charleston
Pensacola
Port Arthur...
44.825
1.607
72,630
70,403
3,840
13,468
18,355
30.227
5.611
166.661
839,684
65.058
102,400
718.347
148.000 1.203,268
2K2.000 1,028.800
lia.642
411.6C4
....
177.6J9
287.247
203.200
93.285
.
.
33,176
161.869
47.029
417.130
668.400
84.094
110.000
189.069
66,680
91,728
139,881
62
....
..
Total week.. 2. 135,389 4,699,471
351.856 1.535.455
205.844
143.564
Week. Since Jan.
Great Britain
Other Earopean
China
India
Arabia
-Wheat,
-Flour.-
Week
weefc and ainc*
Sept. 1 to—
Oct. 21.
Sinee S»pt.
\,18P9
Onlted Kingdom 226,781
Continent
61,108
B.
&
0.
West
America.
Indies
Br.N. Am. Colo's
Other countries
Total.
Total
1898.,
Week
Oct, 21.
.
Since S'pt.
1.
bush.
bbls.
bbls.
18f9
bush.
Wefk Since
Oct. 21.
1. 1899.
bush.
bush.
2,856.6'28 13.101,401
22.fc02
62,500
1,892,965 14,926,671
1.954
74.762
15.416
153.229
110.213
22.404
110.104
288,881
361,856
291.411
2.227,911
2,830.864
2,135.389 18.981.138
3,227,317 24.140.346
4.699,471 28.655.057
2,266.411 2,330.884
Wheat,
at—
store
bush.
Do
5,444,00<-
33 000
663.OO0
137,000
7C6.000
644,000
612,000
141,00u
I06,0or
afloat
Boston
Philadelphia
Baltimore
New Orleans
Galveston
Montreal
Toronto
Buffalo
Do
24,189
Do
jBariei'
89.0'~f
bush.
10,000
19,000
68,000
786,000
374,000
3.000
871.000
2,230,000
906,000
649.'66b
"V.'ooii
810.000
22,006
a.'oVo
"6,066
4,000
87,000
lai.ooc
24.000
629.000
63.000
4,787,000
1,359.000
423,000
'34.060
104,000
4,000
2,000
12,(00
26.060
1.837,000
7,487,000
129,000
104,000
261,000
689,000
8,745 000
2,476.000
57,000
466.000
717.06V1
26.00''
ll.O'O
3,000
92.000
1,000
2,365.000
53.000
40,060
429 000
580,000
.i>f
21,060
629,000
30,000
10,833.000
afloat
afloat
Minneapolis
8t Louis
Do
284.000
202,000
14.000
Rv*.
bush,
90,000
afloat
Milwaukee
afloat.
Do
Ft.WlU'm&Pt. Arthur
Duluth
DO
l,3rt3.000
Oats,
buah.
816,000
43,000
30,000
681,000
473,000
afloat
Ohlcaxo
Do
bush.
92^.000
52,000
383,000
601.000
1.519.000
Detroit
Do
Corn.
afloat
Toledo
afloat
Kansas City
Peoria
Indianapolis
On Mississippi Rl7er
On Lakes
On csmal and river.
1,299.000
. .
232,000
120.
13.000
1,827,000
774,000
'
378,666
169,000
Oct. 21.1890. 48,655.000
14,099.000
6.742,000
Oct. 14 1889. 47,289,000
7,0f9,000
15,065,000
Oct. 22. 1898. 11,848,000
6,lfi4,000
24,633,000
Oct. i-:!. 1897. 24,622,000
44,772,000
15,868,000
-'^tnl Oct. 24. 1896 57,285.00'^
17,856.000
10,901.000
» Exclusive of New Orleans. Galveston. Ft. William
Including Albany. Oswego and Cincinnati, now omitted.
Total
Total
Total
Total
13.840
204,007
2,304
38,039
13,155
24,742
3.595
8,633
36,275
6,710
614
50
268
661
248
'
18.66b
1,000
616.0W
*
81.666
4
10
1
2,736
854
131,990
9,076
27,734
8,887
12,224
3,747
7,012
43,851
14,041
'"l29
44.'S
94
421
3.698
58
Total
475.000
2,610.1
819.000
1,839.000
3.251,000
2,505.000
2,lCl.fOO
3,204.000
3,672,00.
4,416
00
1. 1899. the New York Produce Exchange has changed
Supply Statement by including stocks at New Orleans, Galveston,
Ft. William and Pt. Arthur (previously omitted) aad leaving out Albany
Oswego and Cincinnati, formerly included.
4,859
262.152
21,823
16.038
360,808
4,859
283,975
has been $12,444,152 in 1899, against |9,212,503 in 1898.
The chief advances of the week in cotton goods have been
in wide sheetings, which are generally raised 10 par cent.
There are no stocks on hand of leading makes. In bleached
cottons the upward movement has been confined to tickets
working into line with the advances reported last week.
The demand continues fair, readily taking care of any goods
coming forward unsold, and the tone strong. There has
been no material change in brown sheetings and|drill8, which
Ducks and osnaare, however, tending against buyers.
burgs are firm. Further advances of J^c. are reported in
leading lines of denims, and ticks, stripes and checks are
also occasionally ^c. higher, the whole coarse, colored goods
situation being strong. Kid-finished cambrics }^(i. up. Staple
prints are tending upwards, several descriptions being advanced ^c. during the week. Fancy prints well sold out in
dark work. There is a good demand for wide fancies and
for percales. Ginghams are in steady request, but scarce and
strong. Print cloths advanced to SJsO. for regulars, but no
Odd goods also %c, higher and in
sales made thereat.
steady demand.
Foreign Dry Goods. Dress goods for spring in steady
request and market firm. Demand for silks shows slight
improvement, also for ribbons. Hosiery in good request.
Burlaps also scarce and J^c.
Linens still scarce and strong.
per yard higher on the week.
Importations and Warehouse TVitlidrawals of Dry Goods
The importations and warehouse withdrawals of dt> goods
at this port for the week ending Oct. 26, 1899, and since
January 1, 1899, and for the corresponding periods of last
year are as follows:
—
o
n
g
%.^
gSgg^g
H
g
S
H EH
§|29^g
s
? Zt
and Port Arthur, but
r-f
m
0:
m
s
B
1
:
:
PT
SI
s&
»
»
;
1
t3
•
•
1
St
:
:
e
i
i
2
0;
IS
.
i
.
•
•
'
Hfc
:
:
:
:
:
1
pi
s
3
-^05
§::::§®
Note.— Beginning July
Its Visible
340,024
20,784
Prom New Ensiana mill points direct.
The value of the New York exports for the year to date
00
1,063,000
16,038
'
fept
The visible supply of grain, comprising the stocks in
gjranary at the principal points of aooumulatl on at lake and
seaboard ports, Oct. 21, 1899, was as follows
In
819
250
Total
China, via Vancouver*
Corn.
.
1,432.916 10.781,876
678.2S4 8.084.417
2,345
New York
1,745
70
B eek. Since Jan.
1.
652.061
1,509,193
333.485
103.300
197.896
44.023
40.011
9.593
25.b2l
5,761
.37
Africa
West Indies
Same time '98. 3.227.317 2.265.027 291.411 751.917 151.131 297.358
The destination of these exports for the week and since
September 1, 1898, is as below.
BxporU for
1898.
1899.
Oct, 23.
Central America
Sontta America.......
Other Oountries....
1.427
5.297
8,000
New York to
Mexico
...
80.000
74,000
the tone
sionally.
•nding Oct.
BoBton
[Vol. LXIX.
^^
M.
§:
•—
.
:
b:
5:
:
;
:
3
i
:
;
:
Ti
1
s
B
z
H
w
!
;
t
THE DRY GOODS TRADE.
M
New
Yoek, Friday, P. M., October 27. 1899.
Although the demand for the general run of cotton goods
this week has hardly reached the proportions of recently
preceding weeks, it has still been in excess of supplies available for quick deliveries and greater for forward contracts
than sellers have been willing to meet. Under such conditions the market has naturally continued strong and advances have again been recorded in all descriptions of staple
cottons, and a hardening tendency in other directions, prints
for instance, which have so far hardly participated in the
upward movement.
Regular print cloths, after remaining
stationary in price for several months, have also been raised
by the Fall River Committee. There are complaints of production tieing interfered with by shortage of labor in a number of Eastern mills, and some are suffering from low watf r.
With buyers pressing so vigorously for deliveries on existing
contracts, this is a serious handicap to a number of manufacturers, keeping them behindhand on accruing obligations and
out of the market for further business. In the woolen goods
division occasional advances are noted in both men'e-wear
fabrics and dress goods.
Woolen Goods. — The American Woolen Company
this
week advanced
several lines of fancy woolens, cheviots and
serges about 10 per cent. In other quarters advances of 2},^ to 5
per cent are noted. These, in face of a quiet current demand,
are fairly indicative of the general situation. The attendance of buyers this week has been limited in the men's
wear division, and there has been more anxiety over securing early deliveries on spring orders already booked than in
placing new ones. The majority of agents are well covered
on their spring production, particularly in worsteds. Business in woolen and worsted dress goods has again been satisfactory. There is a good demand for both plain and fancy
fn
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rn
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October
28, 1899.J
iT^m
m^
THE CHRONICLE.
OiTY
News
^tf/^mwwT,
Galled for November
the Denver
Treasurer.
Items.
—
tion.
Minnesota.— iJe/Mndiwg Bond Law Legal— The refunding
law passed by the last Legislature, known as Chapter 50,
Liws of 1899, by which cities of ttie first-class were empowered to fund their floating debt under certain conditions, has
been declared valid by the Supreme Court. The Court holds
that the law was a general one and therefore constitutional.
Santa Rosa, Ca\.— Water-works Decision Afflrmed. The
Supreme Court has affirmed the decision of the Superior
Court of Sonoma County in the suit growing out of the issuance of |165,000 bonds in payment for the construction of a
water-works system. Under the decision of the lower Court
(see Chronicle Jan. 8, 1898,) the water-works contract was
declared to be null and void and the bonds were held to
have been illegally disposed of. It was also ruled that the
city should have the option of taking the works, provided
the old officers agree thereto, and that in the event of the
—
1,
1899.— (Con.)
$18,0C0 * bonds of Superior Township, McPherson County, issued July 15, 1887
in aid of the C. K. & N. RR. J. D. Candle Is Township Treasurer.
17,000 + bonds of Waring Township, Ness County, issued May 2, 1887. in aid of
15,000 *
Grossdale, Cook County, 111.— Bonds Valid. We are advised by E. T. Behrens, Village Clerk, that the Supreme
Court has declared valid the bonds issued in 1895 to provide
for the improvement of the village streets. The collection
of assessments on the property benefited was resisted by certain tax-payers, and, as stated in the Chronicle Aug. 19,
1899, the holders of the bonds brought suit to compel collec-
921
Memphis & Atlantic RR. G.M.Harper
is
Township
bonds of Washington Township, Nemaha County, issued April 1, 1887,
in aid of the C. K. & N. RR. Jacob Wlttmer is Township Treasurer.
Galled for November 15, 1899.
$10,000
bonds
12,000 *
May 1, 1887, in
aid of the C. K. & N. RR. W. H. Gardner is Township Treasurer.
bonds of Logan Township. Rooks County, issued Jan. 1, 1889. in aid of
the Lincoln & Colorado RR. Moses N. Thyfault is Township Treasof Highland Township. Morris County, issued
urer.
bonds of Norttampton Township. Rooks County, issued Jan. 1, 1889.
in aid of the L. & C. RR. H. E. Mead is Township Treasurer.
18,000 * bonds of Ohio Township, Morris County, issued May i. 1807, in aid of
the C. K. & N. RR. John Swartz is Township Treasurer.
25,000 * bonds of Kock Creek Township, Nemaha County, issued April 1, 1887,
in aid of the C. K. & N. RR. W. E. White is Township Treasurer.
18.000 bonds of Rolling Prairie Town^hip. Morris County, issued May 1,
1887, in aid of the K. C. & N. RR. Sven Ek is Township Treasurer.
24,000 * bonds of Scandia Township, Republic County, issued Nov. I, 1887, in
aidoftheC. K.&N.RR. Thomas Williams is Township Treasurer.
10,000 * bonds of Sheridan Township, Sheridan County, issued July 16, 1888,
in aid of the C. K. & N. RR. Smith Nason is Township Treasurer.
20,000 * bonds of Silverdale Township, Cowley County, issued July 1, 1887, in
aid of the Grouse Creek RR. D. J. Coburn is Township Treasurer.
15,000
*
Galled for December
1,
1899.
$11,500 •+ bonds of Osage Township. Allen County, issued Dec. 1, 1889, in aid
of the Kansas City & Pacific RR. S. L. Willis is Township Treasurer.
20,000 bonds of Marmaton Township, Alien County, issued Sept. 1. 1887, in
aid of the Kansas City & Pacific RR. J. E. Hobby is Township Treasurer.
bonds of Toronto Township, Woodson County, issued June 1. 1887. in
9,500
aid of the C. K. & W. Railroad. C. C. Mills is Township Treasurer.
+
Denomination
$1,000.
t
Denomination
$500.
Lincoln Township (P. 0. Solomon City) Dickinson Coun-
—
Kan.— Bond Call. B. F. Nickerson, Township Treasurer,
has called for payment 30 days after Oct. 7, 1899, at the State
Fiscal Agency in New York City, the following bonds: .$8,000
bonds issued Dec. 28, 1887, in aid of the Chicago Kansas &
Nebraska RR., and §15.000 bonds issued Nov. 1, 1887, in aid
of the Chicago Kansas & Western RR.
Morgan County, Mo. Bond Call.— Bonds Nos. 58 to 137,
inclusive, each for $100. were called for payment Oct. 15,
Calls eind Redemptions.
1899.
Bonds bear date May 1, 1894, and the interest, which
Avalon, Pa. Bond Call.— John C. McDowell, Borough was at the rate of 5%, ceased on the above date.
Mnltnomah County, Ore.— Warrant CaZ/.— Ralph W.
Treasurer, has called for payment Nov. 1, 1899, at the First
National Bank of Allegheny, street-improvement bonds Nos. Hoyt, County Treasurer, has called for payment county
warrants, class "C," drawn upon the road fund that were
4 and 5, dated May 1, 1893.
Caldwell, Kan.— Bond Call.—S. P. G. Lewis, City Treas- presented and indorsed "Not paid for want of funds," from
urer, has called for payment Nov. 1, 1899, at the State fiscal Oct. 1, 1898, to Oct. 13, 1898, both dates inclusive. Interest
agency in New York City, Q% bonds Nos. 1 to 20 for §1,000 on these warrants ceased on Sept. 18, 1899.
Interest also ceased on Sept. 25, 1899, on county warrants,
each, issued Sept. 1, 1887, in aid of the Chicago Caldwell &
classes 35 and 36, drawn upon the general fund, that were
Southern Railway.
"
"
Clay Center, Clay County, Kan.— Bond Call—W. H. presented and indorsed Not paid for want of funds from
August
August
189:!,
both
1898,
to
31,
dates
10,
inclusive.
Peckham, City Treasurer, has called for payment the followInterest also ceased on Oct. 16, 1899, on county warrants,
ing bonds, issued Dec. 15, 1887, in aid of the Chicago Kansas
Class
36, drawn upon the general fund, that were presented
& Nebraska Railroad Nos. 3 to 8, inclusive, and from 10 to and indorsed
from Sept. 1, 1893, to Sept. 14, 1^98, both dates
20, inclusive, each for |1,000.
Davenport, Iowa. Bond Call.— This city has called for inclusive.
Newport (Ky.) School District. Bond Call.—C A. Jeanpayment Oct. 31, 1899, the following bonds: Street-improvement bonds, series of 1893, numbered from 354 to 359, con, Secretary, has called for payment Nov. 1, 1899, $500
inclusive; street improvement bonds, series of 1895, num- bonds, Nos. 21 L to 215 inclusive, issued in lf:82.
Peirce Township, Lawrence County, Mo.— Bond Call.
bered from 474 to 479, inclusive, and sewer bonds, series of
John
E. Adamson, County Clerk, called for payment Octo1893, numbered 258, 259, 414 and 415.
Denver, Col.— -Bond Ca/Z.— Paul J. Sours, City Treasurer, ber 10, 1899, at the Laclede National Bank (now Merchants'Laclede National Bank), St. Louis, the following bonds
called for payment Oct. 1, 1899, the follovsing bonds
Nos. 1 to 34, inclusive, dated July 1, 1889, atd Nos. 1 to 10,
SEWER BONDS.
dated Oct. 3, 1892. The above bonds bear 5<g interest and are
Broadway Storm Sewer Bist. No. 1— Bonds Nos. 18 to 24, both inclusive.
Capitol Hill Sanitary Sewer Dist. No. 1— Bonds Nos.2"4to iiSO, both inclusive. in denomination of $500.
South Side Sanitary Sewer Dist. No. 1— Bonds Nos. 27« to 281, both inclusive.
South Omaha, ^eh.— Warrant Call.—F. A. Broadwell,
South Side Sanitary Sewer Dist. No. 2— Bond No. 21.
old officers not consenting, the Sheriff was ordered to sell the
same to the highest bidder. The present ruling modified
that portion of the judgment below which permitted the city
to become a purchaser at the sale of the works. Under this
latest decision the city may not bid for the works.
ty,
Bond
:
—
:
:
Thirteenth Street Sanitary Sewer Dist. relunding warrants Nos. 130 to 137,
both inclusive.
PAVING' BONDS.
Broadway Paving Dist. No. 2— Bonds Nos. 15 and 16.
Colfax Avenue Paving Dist. No. 1— Bonds Nos. 21 to 30, both inclusive.
Fifteenth Street Paving Dist. No. 1— Bonds Nos. 20 to 31, both inclusive.
Larimer Street Paving Dist. No. 2— Bond No. 1»0.
Nineteenth Street Paving Dist. No. 2— Bond No. 117.
City Treasurer, called for payment Oct. 11, 1899, the following warrants: Police fund, up to registered No. 306; fire and
water to No. 257; salary to No. 414; public light to No. 82;
interest to No. 3C6; street repair to No. 154; engineer to No.
43; general to No. 395; judgment to No. 60; water to No. 26.
The amount to be paid on this call, it is stated, is about $12,OLO.
—
Upon
request from the holders of any of the above bonds
Uvalde County, Texas. Bonds Redeemed. This county
ten days before the expiration of these calls, the City Treas- has redeemed $6,000 refunding bonds.
urer will arrange for their payment at The Mercantile Trust
Virginia.— Bonds Pwrc/iased.- On Oct. 20, 1899, the ComCo. New York City, but not otherwise.
missioners of the Sinking Fund, opened proposals for the
De Soto, Mo. Bond Call. This place called for payment sale to the State of $115,000 of Virginia Century Bonds. The
Oct. 15, 1899 (on which date interest ceased) bonds Nos. 60 to total amount of bonds offered was $508.5l0, and the lowest
64, inclusive, each bearing Q% interest, and dated Oct. 1,
bid was that of Farson, Leach & Co., New York, at 86 84,
Bonds are in denomination of $500.
1888.
at which figure the bonds were purchased.
Dn Bois, Pa.—Bond Call. This place has called for payWashington. Bond and Warrant Call. State Treasurer
ment Nov. 1, 1899, series '"A" bonds, issued in 1883, and Young called for payment October 16, 1899, general fund
series "C" bonds, issued in 1895.
.warrants Nos. 44,29l to 45,865, inclusive, amounting to $l03,Fayette, Mo.— Bond Call— This citv has called for pay- 549 and State bond No. 19 for $5,000.
ment Nov. 1, 1899, $11,000 5% bonds, Nos. 3 to 24 inclusive,
Weir, Cherokee County, Kan.—Bond Call.—W. J. Allen,
each bond being for $500, and dated Jan. 3, 1899.
City Treasurer, has called for payment bonds Nos. 11 to 20,
Jackson County, Ore. Warrant C'aW.— All warrants is- inclusive (each for $500), issued June 1, 1887, in aid of the
sued prior to July 3, 1895, have been called for payment.
Pittsburg
Columbus Railway.
Kansas. Township Bond Calls. The following bonds have
Westmoreland County, Pa.—Bond Call.— This county has
been called by the various township treasurers for payment called for payment $34,000 of the last series of county bonds,
at the State fiscal agency in New York City :
now outstanding, leaving only $25,000 as the county's indebtedness. We are advised that this remaining $25,000
Galled for Novemhtr 1,1899.
will most likely be called for payment before the end of the
$16,000 * bonds of Canton Township, McPherson County, issued July 15, 18f>7,
in aid of the Cbicaao Kansas & Nebraska Railroad. J. B. Champlin year.
is Township Treasurer.
Wheeling, W. \a.—Bond Call. The Commissioners of the
15,000* bonds of Esbon owni.hip,«Jewell County, issued Nov. 1, 1887, in aid
Loan of 18sl have called for payment on Nov. 1, 1899, after
of the C. K. & N. RR. VV. Bartcher is Township Treasurer.
10,000 * bonds of Grant Township, Jewell County, issued Nov. 15. 1*8, in aid
which date all interest will cease, bonds Nos. 6, 23. 69, 74,
of the C. K. & N. RR. John C. Love is Township Treasurer.
20,000* bonds of Laue Township, Greenwood County. Issued Sept. 1. 1887, in 154,163,234, 239, 256, 282, 308, 326, 376, 408,427.450,474,
aid of the C. K. & N. RR. W. M. Plnnick is Township Treasurer.
475, 520, 636, 637, 646, 675, 690, 704, 713 and 741, of $500 each;
10,000 + bonds of Neosho Township, Cofley County, Issued April 25. 1M»7, in
773, 775, 788, 804, bl3 and 827, of $500 each, and Nos. 853 and
aid of the St. Louis & Emporia RR. W. M.Caven is Township Treas
urer.
of $1,000 each. Bonds and coupons will be paid at the
854,
117,000 1 bonds of Nevada Township, Ness County, issued May 16, 1887, in aid
*•" "f
Bank of the Ohio Valley.
the D. M. & A. RR. Fred. Marhofer is Township Treasurer.
,
—
—
—
—
—
j
&
—
THE CHHOJSICLE.
922
Bond Proposals and Negotiations
this
[VOfc.
LXIX.
advised, nothing has been done towards the sale of these securities.
week have been as follows
Ackley, la. No Bonds Sold Recently.— It
Butler (Mo.) School District— Bond O^enngr.— We are
has been stated advised by Wm. W. Ross, Clerk of the School Board, that
in some cf|the papers that an issue of refunding water bonds proposals will be received until Oct. 30, 1899, for $10,500 5had been sold recently. In reply to our inquiries, J. C. 20-year (optional) school-house bonds. Securities are in de" We have not sold nomination of $500. An offer for 4 per cents has already
Lusch, Treasurer, writes us as follows
bonds
any
recently. November 1, 1898, was^the date of new been received.
Caldwell, Kan.— Bond Sa^e.- The State Permanent School
bonds sold to Harry B. Lusch of Chicago."
Fund
has taken an issue of $20,C00 i% refunding bonds of
Ada County, Idaho. Bond O^ertng.— Proposals will be
received until 13 m. Nov. 13, 1899, by the Board of County this city. Securities are in denomination of $500, dated Nov.
Commissioners, Geo. W. Lamoreau, Clerk, for $109,300 gold 1, 1899. Interest will be payable semi-annually. Principal
funding bonds. Securities are in denominations of $1,000, will mature 20 years from date of issue subject to call on any
$500 and $100. Interest will be at a rate of not more than interest-paying date.
Callahan County (P. 0. Baird), Texas.- Bond Election.—
Principal will mature one5^, payable Jan. 1 and July 1.
tenth yearly, beginning ten years from date of issue. A cer- The question of issuing $20,000 court-house bonds will be
tified check, without conditions, for 5% of the amount of submitted to the voters of this county on Nov. 11, 1899.
Cerro Gordo County, Iowa.—Bond EUction.—AX the genbonds bid for must accompany proposals.
Albion, Mich.— Proposed Election. The Common Council eral election the question of issuing $75,000 Z}4% 10-year
will soon call a special election to submit to the people the court-house bonds will be voted upon.
Christian County, 111.— Bond Election.— AX the Novemquestion of issuing $15,000 bonds for a municipal electricber election the question of issuing bonds for a new court
lighting plant.
Alexandria, La. Bond Election. The question of issuing house will be voted upon.
Cleveland, Ohio. Bond Offering. Proposals will be re$71, COO bonds for sewers, street paving and other improveceived until 12 M. Nov. 18, 1899, by Chas. P. Salem, City Audments will be voted upon on Nov. 20, 1899.
Allegheny, Ya.—Bond Election Proposed. An ordinance itor, for $100,000 4^ bridge bonds, maturing Oct. 1, 1911.
Securities will be in denomination of $1,000, dated Oct, 1,
is before the Common Council providing for the submission
to a vote of the people the question of issuing $22,530 Wa- 1899; interest will be payable semi-annually, both principal
and interest being payable at the American Exchange Nabash Avenue improvement bonds.
Allen County (P. 0. Fort Wayne), Ind.— 5ond Sale.— tional Bank, New York City. A certified check drawn on a
The four highest bids received on Oct. 26, 1899, for the national bank for $10,000, payable to the "Treasurer of the
$800,(00 33^^20-year court-house and power-station bonds, City of Cleveland." must accompany bids. Bids must be
made on blanks furnished by the City Auditor. These bonds
were as follows:
were originally advertised for sale on Nov. 10, 1899, but the
$202,620
N. W.Harris & Co., Chicago... $205,640 Fort Wayne Trust Co
Spitzer&Co., Toledo
202,900 John W. White, Fort Wayne.. 202.555
date until which bids will be received has been changed as
A description of the bonds was given in the Chronicle above.
Clinton (Tenn.) School District.— Bonds Defeated.— At
Sept. 80, p. 711.
Armada, M.\(b..— Bonds Defeated.— A.t an election held an election held in this district on Oct. 6, 1899, the proposiSept. 18, 1899, the question of issuing water- works bonds was tion to issue school-building bon'ds was again defeated, the
vote being 90 against to 64 in favor of the bonds.
defeated by a vote of 78 to 61.
Cohoes, N. J.— Bond Sale.— On Oct. 23, 1899, the $40,245 88
Atlantic City, N. i.—Bond Sale.— On Oct. 23, 1899, the
$119,000 20 year gold coupcm paving bonds were awarded to Z)^% public-improvement bonds were awarded to the Cohoes
E, H. Gay & Co., New York, at 104 -26 for 4 per cents. Fol- Savings Institution at 10532. Bonds mature $5,000 yearly
on January 1 from 1932 to 1938, inclusive, and $5,245 88 on
lowing are the bids
For i% Bonds'.
For i]4% Bonds.
Jan. 1, 1939. For further description of bonds see Chron104-26
107-56
B. H. Gay & Co., New Vork
Walter Stanton & Co., N. r
icle Oct. 14, p. 817.
102-78
B.D. Shepard 4Co.. N. Y
lo6'76
Lam precht Bros. Co., Cleve
dw. C. Jones & Co., N. Y
lOriO
R. Kleybolte & Co., New York.. 106-00
Columbus, Ohio.— Bonds Authorized.— T\iq City Council
100-28
106-42
Mason, Lewis & Co., Boston
John D. Everitt &Co., N. Y
has authorized the issuance of $50,000 i% levee bonds. Se100-26
Lamprecht Bros. Co., Cleve
Feder, Holzman &Co., Clncln...l04-60
For 4^ Bonds.
Denison. Prior & Co., Cleve... .104-27
curities are in denomination of $1,000, dated Oct. 1, 1899.
110-03
103-78
E. H. Gay & Co., New York
Seymour Bros. & Co., N. Y
Interest will be payable semi-annually at the office of the
108-678
D. Shepard & Co., N. Y
City Treasurer, Principal will mature Oct. 1, 1919,
For description of bonds see Chronicle Oct. 14, p. 817.
Crescent Hill, Ky.— Bond Election. At the November
Bay County, Mich. Bond Election.— An election will be
held in the spring to vote on the question of issuing $100,000 election the question of issuing from $15,000 to $20,000 improvement bonds will be voted upon.
road bonds.
Crockett County, Texas.— Bonds Approved.— The AttorBellefontaine, Ohio. Bond Election. At the November
election the question of issuing $45,000 sewer bonds will be ney-General has approved of an issue of $7,000 jail bonds.
Danville, Pa.— iVb Bonds to be Issued.— This borough will
voted upon.
issue the $15,000 electric light bonds which were voted
not
Belleville (111.) School District.— Bond Sale.— On Oct. 18,
1899, the $12,000 4% 20-year refunding bonds were awarded on April 25, 1899, as the courts have decided, we are into the Lamprecht Bros. Co., Cleveland, at 105'89. Following formed, that the borough cannot issue the bonds, as its
indebtedness has reached the limit allowed by law.
are the bids
Delray, Mich. No Bonds to be Issued. In reply to our inLamprecht Bros. Co., Cleve. 112,707 00 N. W. Harris & Co., Chicago. $12,486 00
Denison, Prior* Co.. Cleve.. 12,607 00 West & Fink, Belleville
19,260 00
quiries as to the result of the election which some papers
Belleville Savings Bank
12,600 00 R. Kleybolte & Co., Cincin'tl. 12,190 00
stated would be held on Sept, 18 in this village, Mr. Geo. P.
Seasongcod & Mayer, Cincln. 12,516 00
Moog, Village Clerk, writes: "There is nothing in the
For description of bonds see Chronicle Oct. 14, p. 817.
Berrjville, Clarke County, Va.— Bonds to he Issued.— We report. No bonds to be issued."
Donaldsonville, La. Bonds Proposed.— The issuance of
are advised that the $25,000 water- works bonds voted on
$40,000 public -improvement bonds is being considered in the
June 29, 1899, will be sold early in December.
Bexar County, Texas.— Bonds Approved .-The Attorney- Town Council.
Dubuque, Iowa. Bonds Negotiated. This city has neGeneral has approved an issue of $23,500 refunding railroadgotiated with a local capitalist to take about $4,000 5% 7-year
aid bonds.
Big Stone School District, Grant County, S. Dak.— Bond improvement fund bonds. These securities are to be issued
An election will be held in this district to vote on to pay for work now being done on the levee front.
Election.
East Aurora, N. Y. No Bonds to be Issued. We are adthe question of issuing $1,400 school-house bonds.
Brockton, Mass.—Jvb Bonds at Present.— Mr. W. H. Em- vised by A. S. Griggs, Village President, that the report in
erson writes us in reply to our letter of inquiry regarding the some papers that this village would sell, on Sept. 26, $7,000
bonds was incorrect. Mr, Griggs writes us as fol$12,000 water main extension bonds which have been re- village
"Mr.
lows:
C. J. Hamlin bought park and deeded to the
ported as authorized, that the city of Brockton will not issue
village
without
cost.
No sale of bonds,"
of
any more bonds during the year
1899.
East Jordan, Mich.— Bo7id O^ering'.— Proposals will be
Brown County, S. Dak.— Bonds to be Issued.— This county
proposes to issue $40,000 i% 5 20-year court-house and jail received until 7 p. m. Oct. 30, 1899, by Chas. A. Hudson, Village Clerk, for $7,000 water- works bonds and $5,000 publicbonds. Interest will be payable semi-annually.
Buffalo, N. Y. Bond Issue. The Board of Aldermen has improvement bonds. Securities will bear 4% interest, payauthorized the issuance of $43,000 'd% bonds for the purchase able semi-annually. These bonds were sold on July 10, 1899,
to S. A. Kean, Chicago, who failed to take them at the time
of land for a high school. Securities will be dated Oct. 15,
Bonds will be taken by specified, and they are therefore re-advertised.
1899, and will mature July 1, 1900.
Elberton, Ga.— Bo?ids Defeated. At the election held
the Park Bond Redemption Sinking Fund as an investment.
Bond Sale.— Oa Oct. 26, 1899, the $75,455 35 3}4% 20 year Sept. 2, 1899, the question of issuing $20,000 water bonds was
grade-crossing bonds were awarded to Jos. E, Gavin, Buf- voted down.
Elkhart, Ind.— Bond Sa^e.— Following are the bids refalo, at 105-115, and the $192,748 23 d^% 5-year tax-loan
ceived
on Oct. 23, 1899, for the $15,000 i% 20-year schoolbonds to the same party at 101-015. Following are the bids
bonds
house
For the Grade-Orossing Rendu.
For the Tax-Loan Bon(l9.
:
:
—
—
—
—
I
|
:
—
—
—
:
I
|
I
I
—
—
—
—
—
:
105116
Jos. B.Gavin. Buffalo
N. W. Harris
A
Co.,
New
York... 106-07
People's Bank. Buffalo
Parkinson 4 Burr, Boston
103-76
103-293
Jos. E. Gavin. Buffalo
101015
First Nat. Bk.,Toiiawan., $50,000,101-00
100'73
Parkinson & Burr, Boston
People's Bk., Butlalo, »100,(.CO. .100-00
For description of bonds see Chronicle last week, p. 867.
Burgin, Ky.— Bond Election. — This city will vote on Nov.
7, 1899, upon the proposition to issue bonds for street improvements and lighting purposes.
Burlington County, N. 3.— Bonds to be Issued.- This
county will issue $60,u00 i% asylum bonds, but as yet, we are
Premium.
R.
H. Gay &
Co.,
Boston
Denison. Prior & Co.. Cleve...
Campbell, Wild & Co., Indian.
Seasonifood & Mayer. Cincin
\Y. J. Hayes * Sons, Cleve.
N. W. Harris & Co.. Chicaga.
First Nat. Bank, Klkhart
.
.
. . .
.
$1,203 00
975 00
92i 60
K)l 65
827 00
825 50
802 50
Feder,
Holzman &
Premium.
Co.. Cln.
Lamprecht Bros. Co., Cleve...
Meyer & KIser, Indianapolis..
BriKKS.
Todd 4
K. Kleybolte
&
Farson, Leach
Co., Cincin
Co.. Clncm
& Co., Chicago.
$762 50
550 00
4£0 00
300 00
286 00
167 60
For description of bonds see Chronicle last week, p. 867.
Elyria, Ohio.— Bond Sale.— On Oct. 21, 1899, the $3,000 6%
1-6 year (serial) street improvement bonds were awarded to
I
October
28, 1899.]
SeasoDgood
& Mayer,
THE CHRONK.LR
Cincinnati, at 1C6'266.
Following are
the bids
& Mayer, Cincin... $3.187 98
Feder. Holzman & Co., Cin
3,187 50
8. Kuhn & Sons, Cincinnati... 3.181 50
Meyer & Kiser, Indianapolis. 3,168 00
Seasonpood
.
I
|
I
R. Kleybolte & Co., Cincin....$3,162 50
Liamorecht Bros. Co.,C)eve... 3,152 10
1st Nat. B'k, Columbus.,. 3,145 50
New
I
For description of bonds see Chronicle Oct. 7, p. 765.
Emporia (Kan.) School District. Bond Election.—
the
general election to be held next month, the question of issuing .$13,000 school-house bonds will be voted upon.
Fall River, Mass.— Bond Sale.— On Oct. 26, 1899, $175,000
3^^ 30- year refunding water .bonds were awarded to Estabrook & Co., Boston, at 105'89. Following are the bids
M
:
EstabroDke & Co., Boston
Joee, Parker 4 Co., Boston
B, H. Gay & Co., Boston
105 -89
1
05-879
106o3
Securities bear date Nov.
May
1,
105-31
Adams & Co., Boston
R. L. Day & Co., Boston
105199
Blodget, Merriit & Co., Boston.. 105-034
1899.
Interest will be payable
and November 1.
Fern Bank, Ohio.— Change in Date of Bond Sale.— The
date until which proposals will be received for the $1,528 26
0% 10-year extension bonds has been changed from Nov. 7,
1899, to Nov. 20, 1899.
A description of these bonds was
given in the Chronicle last week, page 867,
Franklin County, Tenn,— Bond Election. —This county
will vote next March on the question of issuing $100,000 road
1
bonds.
Howard, Mich. Bonds Defeated.— At an election held recently the question of issuing $6,000 electric-light bonds was
defeated.
Jackson, Ga. Bond Election.— At the election to be held
on Nov. 6, 1899, the question of issuing $20,000 water bonds
and $5,000 school bonds will be voted upon. If authorized
the school bonds will bear interest at the rate of 5^, payable
annually.
Principal will mature one bond yearly.
The
water bonds, if authorized, will also bear interest at the rate
of 5^, payable annually. The principal will mature 30 years
from date of issue.
Jackson County (P. 0. Scranton), Miss.- Bond Offering.
—Proposals will be received until 12 m. Dec. 4, 1899, by F.
H. Lewis, County Clerk, for $8,000 5% 5-year jail bonds. Securities are in denomination of §500. Interest will be payable
annually.
Jacksonville (111.) School District.— Bonds Defeated.—
election held Sept. 18, 1899, the question of issuing
$28,000 bonds was defeated.
Kenton County (Ky.) School District No. ^d.—Bond Sale.
-On Oct. 18, 1899, the $4,500 6% 20-year school bonds were
awarded to Seasongood & Mayer, Cincinnati, at 113-66. Following are the bids
Seasongood & Mayer, Cincin.. $5,116 00 Feder, Holzman 4 Co., Cln.... {4,965 00
First Nat. Bank Bamesville. 4 981 00 R. Kleybolte & Co., Cincin.
4,610 00
For description of bonds see Chronicle Oct. 14, p. 818.
Lake Charles, La.— Bo«d Election.— An election will probably be held to vote on the question of issuing $100,000 bonds
for the purpose of buying the water-works and light plants
now operated by a private company.
Lake City, Columbia County, Fla.—BoTid Sale.-On Oct.
street-improvement bonds were
20, 1899, the $7,500 5%
awarded to Raymond F. Baby, Detroit, at 100'69. Bonds
mature Jan. 1, 1920. For further description of bonds see
At an
•
I
.
Fredericksburg. Ta.— Bonds Authorized.— The City Counhas authorized the issuance of $25,000 refunding gas
cil
bonds.
Freeport, lU.— Ordinance Repfaled. At a meeting of the
City Council held Oct. 2, 1899, the water ordinance was repealed and the project of issuing the $245,000 5<J water-fund
certificates referred to in the Chronicle of Sept. 30, 1899, was
—
abandoned.
Fremont, Ohio.— Bonds to be Issned.-ThiB city will place
on the market in the near future an issue of refunding bonds.
Gallipolis, Ohio.— Bond Sale.— On Oct. 23, 1899, the $27,000 5^ street-improvement bonds were awarded to S. Kuhn
& Sons, Cincinnati. Bonds mature yearly on August 25,
$2,000 from 1900 to 1908 and $9,000 in 1909. For description
of bonds see Chronicle Oct. 14, p. 818.
Gatesville, Texas.—Bond Election. The City Council has
•rdered an election to be held on Oct. 81, 1899, to vote on
—
the question of issuing $17,000 school-house bonds.
Genesee, Idaho.—Bonds Defeated. At the election held
Oct. 10, 1899, the proposition to issue $17,500 water-works
bonds was defeated by six votes.
(Jloncester, N. J. Bond O^enngr.— Proposals will be received until 7 P. M. Nov. 2, 1899, by the Finance Committee
of the Common Council for $100,000 S}4% 20-year street-improvement bonds. Securities are in denomination of $1,000;
interest will be payable semi-annually at the oflSce of the
City Treasurer. A certified check for 5% of the amount of
bid will be required.
Grand Junction, Col.—Bond Election.— An election will
be held on the second Tuesday in November to vote on the
question of issuing $20,000 5^ 10-15-year (optional) additional
water-supply bonds.
Grant Township (P. 0. Formoso), Jewell County, Kan.—
Bond Sale.—ThiB township has sold to the Missouri Valley
Trust Co., St. Louis, an issue of $10,000 5% refunding bonds.
Securities are in denomination of $1,000 and will mature
—
July
923
1915.
Chronicle Oct.
, . .
I
7, p. 765.
Lancaster, Pa. Bond Election,— At the coming election,
the question of issuing $382,000 bonds will be voted upon.
—
Lansdowne (Borough), Pa.—Bond Election. An election
will be held on Nov. 7, 1899, at which the question of issuing $15,000 bonds to complete the sewer system will be voted
upon.
Leigh, Colfax County, Neb.— Bonds Fo^ed.- This village
has voted to issue $2,400 (5% 5-20- year (optional) water- works
bonds. The date for the sale of these bonds has not yet been
determined.
Livonia, N. Y.—Bond Sale.— On Oct. 23, 1899, the $22,500
0-29-year (serial) water bonds were awarded to Isaac W. Sherrill, Poughkeepsie, at par for 3 45 per cents.
Following are
the bids
:
For i% Bondi.
123,006 00'
C. H. Imboff, New York
Seasongood & Mayer, Cincin. 22,794 76
R. B. Smith & Co., New York. 22,605 00
F<yr 3-45< Bond*.
W.Sherrlll, Poughkeepsie.,
Par
ForS}^ Bands.
W. J. Hayes & Song, Cleve.. .f22,647 00
Far i% Bonds.
BrigKs, Todd & Co., Cincin,. 23,500 00
E. H. Gav A Co.. New York
23.400 00
I.
Feder,
HoUman* Co.,
Cin... 22,600 50
For 6* Bonds.
S.
23,982 50
A, Kean, Chlcaao
Lockland (Ohio) School District.—Bond Election.—At
the November election the question of issuing $20,000 b^nds
new school house will be voted upon.
Los Angeles, Cal.— Bond Sale.— On Oct. 28, 1899, the $200,000 S%i 1 40-year (serial) school bonds were awarded to Seymour Bros. & Co., New York, at 103-51. Following are the
for a
bids
Seymour
•
Bros. 4 Co., N. Y
f 207,020 Denison, Prior* Co., Cleve... $208,816
203,140
204,143 N. W. Harris & Cc.Chlcago.
Green port, N. Y. Correction in Name of State.— In the Lamprecht Bros. CcQeve.
Chronicle last week the bond offering for the above place
For description of bonds see Chronicle Oct. 14, p. 818.
was inadvertently reported as Qreenport, 7nd., instead of
Louisville, Kjr. Bonds Authorized. The Board of AlderGreenport, A'^ Y. The details of the offering as given were men has authorized the issuance of $225,000 33^^ 40-year pub1,
I
.
.
.
.
1
.
—
park bonds.
correct.
lic
Hamilton County, Ind.— Bond Sale.— An issue of $12,000
5^ 3-6-year (serial) gravel-road bonds was awarded on Oct.
12, 1899, to Feder, Holzman & Co., Cincinnati, at 105 208.
Securities are in denominations as follows: Four bonds of
Election. At the November
election the question of issuing bonds for a new court house
will be submitted to a vote of the people.
Lyon County, Kan.— Bond
—
Lysander (Town), Onondaga County, N. Y.—Bond
Sale.
—
$800, eight bonds of $570 and eight bonds of $530 each. In- On Oct. 20, 1899, $25,000 S^4'^< bridge bonds were awarded to
Following are
terest will be payable April 2 and Oct. 2. All bonds are suD- E. D. Shepard
Co., New York, at 101-168.
ject to call after two years.
the bids:
Harrison County, Texas.— Bond Sales.— Ot the $75,000 E. D. Shepard & Co.. N. Y.... $26,292 00 Geo. M. Hahn, New York.... $26,152 00
Parker & Co., Boston.
26,274 00 E. H. Gay 4 Co., New York .. 25,130 00
i% bonds mentioned in the Chbonicle on Sept. 23, 1899, $11,- Jose,
C. H. Imhoff, New York
25,270 00 Price, McCormick & Co.,N.Y. 25,123 00
500 have been taken by the county for its Permanent School Kdw. C. Jones & Co.. N. Y
25.267 00 Denison, Priori Co., Cleve.. 25,09000
I. W. Sherrill. Poughkeepsie. 25,190 00
2SO26 00
Briggs, Todd & Co., N. Y
Fund and the remainder by the State for its Permanent Bertron
26,000 00
& Storrs. New York. 25,176 00 Syracuse Savings Bank
School Fund, the price paid being par and accrued interest. C, H. White Ik Co..New York. 25,157 00
Bonds mature in 40 years, subject to call $10,000 after 1 year,
Securities are in denomination of $1,000, dated Nov. 1,
$10,000 after 5 years and $55,000 after 10 years.
1899.
Interest will be payable annually on Feb. 1 at the
Hastings, Neb.— Bond ^/ecfion.— Another election will be Trust
Deposit Co. of Onondaga, of Syracuse. Principal
held on Nov. 6 to vote on the question of issuing $20,000 4% will mature $1,000 yearly on Feb. 1, from 1901 to 1925, in10-20- year electric-light-plant bonds.
Twice before the ques- clusive.
tion of issuing these bonds has been voted upon and carried
Madison County, Ind.—Bond SaZe.—This county has sold
by a large majority, but in each case a technical error made an issue of $16,000 gravel-road bonds.
the election void. The last election was held on Aug. 1, 1899.
Marion County, Ind.— Bonds to be issued Next Year.
High Point, N.
Bonds Defeated.—At the election held are advised that the $200,000 refunding bonds, mentioned in.
on Oct. 16, 1899, the proposition to issue $50,000 water and the Chronicle Sept. 30, 1899, will not be issued until the
sewer bonds was defeated.
latter part of May 1900.
Holly, Mich.— Bonds Defeated. At an election held Sept.
Marion County, Ohio.—Bond Sale.— On Oct. 14,1899, $27,Mayer,
5, 1899, the question of issuing $2,000 water bonds was de500 5^ ditch bonds were awarded to Seasongood
feated by a vote of 104 to 94.
Cincinnati, at 105-125, subject to the approval of their atHouston, Tex.— Bonds to be Again Voted Upon.— At a torney. Securities are in denomination of $500, dated Sept.
meeting of the City Council held Oct. 16, 1899, the Finance 1, 1899. Interest will be payable semi-annually, and the
Committee reported that, owing to a ruling of the Attorney- principal will mature part each six months as follows: $1,000General, the elections, at which the iesuance of $100,000 elec- from March 1, 1900, to Sept. 1, 1902; $1,500 from March 1,
tric-light plant bonds and $300,000 sewer bonds were author- 1903, to Sept. 1, 1908, and $3,500 in 1909.
ized, were void.
The City Council then passed resolutions
Martin's Ferry, Ohio.—Bonds Authorized.— The City
for the re- submission of the sewer proposition on Nov. 9 and Council has passed an ordinance providing for an issue of
for the electric-light bonds on Not. 8, 1899.
$3,600 5^ fire department bonds, dated July 15,1899. De^
&
.
.
. . . .
&
—We
C—
—
&
THE CHRONICLE.
924
New York
nomination $250.
Interest will be payable at the ofl&ce of
the City Treasurer on March 1 and September 1. and one
bond
will
Sept.
1,
mature on each interest day from March
1906.
—
1,
1900, to
—
Marysvilie, Ohio. Bond Election. At the general election Nov. 7, 1899, the question of issuing $60,000 4% paving
bonds will be voted upon.
Massillon, Ohio.— Bonds Re-awarded. This city has reawarded at private sale the $7,000 41^^1 5 year (serial) streetimprovement bonds to Feder, Holzman
Co., Cincinnati.
These bonds were originally awarded to Farson, Leach
Co., Chicago, on Sept. 10, 1899, which firm transferred their
title to the bonds to Seasongood
Mayer, Cincinnati. This
latter firm finally relinquished their claim to the bonds,
there being some question in their attorney's opinion as to
the legality of the time of maturity fixed in the bonds.
MiddletoTTO, Ohio.— Bonds Voted At the election held on
Oct. 23, 18d9, the proposition to issue $100,000 bonds carried
by a large majority.
are advised that
Milton, Fa.— Bonds to be Issued.—
this borough will probably issue about Jan. 1, 1900, $30,000
—
&
&
&
—
We
<i.%
refunding bonds.
Mineral County (Address Creede, Amethyst P. 0.) Col.
Bond Offering. Proposals will be received by W. C. Sloan
(P. O. Teller) for $29,900 5% 10-20-year (optional) judgment
bonds. These bonds to the amount of $30,079 89 were voted
at the election held on Oct. 11, 1899, and of the sum so authorized, $179 89 will be paid from cash on hand. Fiftyeight bonds will be issued in denomination of $500 and nine
—
—
of $100 each, all bearing date of Oct. 15, 1899. Interest will
be payable at the County Treasurer's office or in New York.
Newark:, N. 3.—Bond Sale.— Oa Oct. 23, 1899, the $281,000
S^% 30-year school bonds were awarded to Kountze Bros.,
New York, at 106-31. Following are the bids
:
106-31
Bros.. New York
J.D.Everitt & Co..N.Y.(«100,000)106-24
1' 6-83
Vermilye& Co.. New York
N. W. Harris & Co., New York. 105-33
A. C. Donaldson, Ruth.(§10,OcO)U 5-25
Kountze
For description
Newburgh,
N.
of
104-919
U. L. Day & Co., New York
E. D. Shepard & Co., New York. 104-875
Allen, Sand & Co.. New York... 103-91
E. H. Gay & Co., New York ... 103-03
Briggs, Todd & Co.. New York.. 102-19
bonds see Chronicle Oct
Y.—Bond Sale.— Oa
Oct. 24,
City.— Bond Sale.— On Oct. 27, 1899, the City
awarded the $2,307,107 32 S}4% 30-year and
'20 year corporate stock as follows
$570,000 81^^
The $1,849,107 38 Street and Park
Th irtu-ve<i r Bonds.
Knlck'bockerTr.Co.
Hamilton Tr. Co..
$300,()00@10f
$15,580
awarded to
1899,
WE
Following
is
a fall
of bids received
list
Y.,
—
I
I
Kuhn, Loeb &
Co.,
Vermilye&(o,
Sternberger, Fuld
Hinman Bros
jj
York
{«ewi;ork
)
&
Sinn, N.
i
v
Y
J.
Sealed proposals will be received by the Clerk of
the Village of South Nyack, Rockland County, N. Y._
until 2 o'clock P. M.. on October 30, 1899, at the
Village Hall, on Franklin Street, in said Village, for
the purchase of $12,000 of sewer bonds of said village such issue being authorized by a proposition
adopted at a special election held August 1, 1899.
Proposals will be opened and bids announced at a
Special Meeting of the Board of Trustees of the
ViUage to be held in the Village Hall, OCTOBER 31,
1899, at 8 o'clock P. M.
The bonds are to be of the denomination of $1,000
each, dated November 1st, 1899, payable in annual
instalments of $2,000 each in the years 1901-1906 inclusive, in their numerical order to be registered in
the office of the Clerk of the said village, and will be
sold to the person who will tak» them at the lowest
rate of interest, not exceeding five per cent per annum, such interest to be payable semi- annually on
the first days of May and November.
The bonds will be prepared by the American Bank
Note Co., and certified as to genuineness by the
United States Mortgage & Trust Co., and their
legality has been approved by J. H. Caldwell, Esq.,
of New York City.
All proposals shall be for the entire issue and shall
be accompanied by a certified clieck for §250 on a
National Bank, payable to " The Treasurer of the
Village of South Nyack."
Bidders must use the printed form of proposal
furnished by the Trustees. Bids must be stated in
;
;
both words and
B. Chase, Jr
October
Y.,
&
—
OFFER, SUBJEl T TO
President.
B. Y.
A. A.
8AL.E,
Hudson County, N. J. Gas Co.
oO-Year Gold 3 Per Cent
Bonds at 105 and Interest.
ftltse.
EDWD.
C.
JONES &
NEW
YORK,
PHILADELPHIA,
State of TTassacbu setts
City of Maiden, Mass
Boston Terniiual Co
N. V. Central dt H. R.
Ss
48
Illinois Central,
4s
48
D. D.
BLACKLEDGB,
M. ROONBY,
SHERMAN,
Trustees.
Village Clerk.
chronicle: voluiwes for sale.
TO 1>ATE.
B. DANA COMPANY,
1866
\riLLIAin[
Shia
UjIs
RR
Western Lines
Beech Creek RK. 1st Itlorttrage
(Prill, and int. guar, by N.Y. Central & H.
Chtrn^o Rock Island »fc Pacific
Baltimore & Ohio 1st uiortiiaKe
West End
St.
R. RR.)
Ry
CO.,
&
Perry, Coffin
48
4J^9
Cincinnati Edison Electric Co
1 NASSAU STREET.
421 CHESTNUT ST.
4-8
5s
Burr,
60 State Street, Boston.
Government
and
Municipal Bonds
BOUGHT AND
SOLD.
TO BUY
V\rE~DESIRE
Fort Worth, Texas, Bonds,
Cutlibert, Georgia, 6s.
APPRAISEMENTS MADE OR QUOTATIONS Memphis, Tenn., Bonds,
FURNISHED FOR THE PURCHASE, SALE OR Alabama State is,
Louisiana State 4s,
EXCHANGE OF ABOVE SECURITIES.
State of Florida Bonds,
LISTS ON APPLICATION.
Arizona Territorial 5s.
N.
W. HARRIS &
CO.,
ROSENBERGER & LIVERMORE,
BANKERS,
IS
NASSAU
ST. (Bank
ol
Specialists in
Southern and Western Bonds.
Commerce Bids.) 40 WALL, STREET,
NEW YORK
CITY
WE
NEW YORK.
-
OFFER, SUBJECT TO PRIOR SALE,
Fort Wayne, Ind.,
Cleveland, Olilo,
Cincinnati, Olilo,
Norwalk, Conn.,
Tenn,
Saginaw, Ifllcli.,
Hempstead, N. Y.,
Naslivlllc,
Ford
314% BOIVI>§.
City, Pa.,
Cralton, Fa.,
SEND FOR CIRCULAR.
Farson,
33
&
Leach
Company,
NEW YORK.
NASSAU STREET,
MASON, LEWIS &
FROST,
JOHN
ST..
INVESTMENTS.
17, 1899.
HOWARD VAN BUREN,
PINE,
1 04*775
104*75
104-50
101-10
CIRCULAR UPON APPLICATION.
Dated South Nyack, N.
KELLY,
105*41
—
figures.
to reject any or all bids is reserved.
Delivery of said bonds will be made on November
9th, 1899, at the ofBce of (he United States Mortgage
& Trust Co., No. 59 Cedar Street, New York City.
Accrued interest must be paid by the purchaser.
T.
none
Total amount of bids received. $17,306,543 92. For full
description of bonds see Chronicle last week, p. 868.
Noble Township, Wabash County, laA.— Bonds Defeated.
At a recent election held in this towns bip the question of
raising $35,000 in aid of the Kokomo Wabash
Northern
Electric Railroad was defeated.
Norwood, Ohio.— fiond Election. At the November election the question of issuing $20,000 sidewalk improvement
bonds will be voted upon.
Omaha, Neb.— Bonds Proposed. An ordinance is before
the City Council providing for the issuance of $25,000 4% 20year sewer bonds. Securities will be dated December 1,
The right
JOSEPH
All or
$100,000 00 30-year bonds
40,000 00 30-year bonds
Entire issue
$7 32 30-year bonds
Western Nat. Bank, New York
$100,000
First
on October 26
§300 0^0 GO 30-year bonds
108*608
Knickerbocker Trust Co., New York. or
$300,000 00 20 year bonds
106-306
|
$100,000 00 30-year bonds
107-78
Hamilton Trust Co., Brooklyn
25,0u0 00 30-year bonds
107*93
|
12.5 000 01 30 year bonds
Manufacturers' Tr., Co., BrOoklyo
107-78
Farson, Leach & Co„ New York
Entire issue
106-774
$2,307,107 32 30- year bonds
106-811
R. L. Day & Co., New York
570,000 00 -iO-year bonds
105-031
|
Aubrey Bennett
107-30
1,000 00 3'> year bonds
50.000 00 30-year bonds
107-27
J. H. Oliphant & Co., New York.
K. D. Shepard & Co., New York.
1,000,000 00 30 year bonds
107-25
People's Trust Co., Brooklyn...
1.0 0,000 00 30-year bonds
106-50
180,(><
Ambrose K. Ely, Trustee
00 30- year bonds
106-00
349,107 32 30-year bonds
105-00
500,000 00 Si-year bonds. ........ 105*25
500,000,00 30-year bonds
105*50
J
Kountze Bros., New York.
500,000 00 30-year bonds
106*00
4.=>8,00'^ 00 30-year bonds
105-OiJ
670,000 1.0 20-year bonds
101*50
L
1899.
Village of South Nyack,
Rockland Co., N.
SEWER BONDS.
Aubrey Bennett. ...
I,000@lo7-30
R. L. Day & Co
457,000 a 106-811
The §570.000 ^Vater Bondf:.
R. L. Day & Co
570,UOO@106-031
l'25,i)00@107-78
Manufac. Trust Co..
60,000®' (,7-27
Oliphant & Co.
Sbepard &Co.. l,000,000@107-.i5
J. H.
E. U.
INVESTMENTS.
^is,ooo
-(iCS
25,000®) 07- U8
100.0(l0®107-78
J
:
r?ie»l,849,ir'7 33 Street and Park
lltirtv-ienr Bonds.— {Con .)
R. L. Dav * Co.
.$249,107 3-?@ir6-811
The .$458,000 lieileinption Bonds.
—
14, p. h19.
S}4% l-lO-year (serial) improvement bonds were
the Newburgh Savings Bank at 101 53.
Comptroller
[Vol. LXIX.
CORNER PEARL. ST., NY.
BRIGGS, TODD
1
NASSAU STREKT,
CO.,
BANKERS^
DBALBRS
BOSTON,
Monadnock Building.
MUNICIPAL
RAILROAD
CORPORATION
60 Devonsliire
St.
BONDS.
»-'^»^^^"
CO.,
ADAMS & COMPANY
BANKERS
CHICAGO,
&
NEW YORK.
IN
INVESTMENT BONDS.
Members
of Boston Stock BxohanRe.l
Choice Issues.
No. 7 Congress and 31 State Streets,
Street Railway and Gas Companies.
BOSTON.
LIST ON APPLICATION.
October
THE CHRONICLE.
28, 1899.]
Randolph, Neb.— Bond Sale.— On Oct. 20, 1-99, $7,800 5^
10-20 year (optional) refunding water bonds were awarded to
York, at 102 051.
C. H. Imhoif,
Ridley Parli, Pa. Bond Election.— This borough will
vote at the coming election on the question of issuing $15,000
street and sewer bonds.
Onaway School District, Presque Isle Co., Mich.— Bond
Offering.
Proposals will be received at any time by this district for $3,000 b% school-house bonds.
Securities will be in
denomination of $1,( 00; interest will be payable March 1,
and the principal will mature one bond yearly on March 1 in
1902, 19(3 and 1904.
Owftnsboro, Ky. Bond Election, At the November election the question of issuing? $200,00'J '^% 30-year street-improvement bonds will be voted upon.
—
New
—
—
Roanoke, Va. No Bonds Authorized. It has been reported
by some papers that $15,000 sewer-extersion bonds had been
authorized by the City Council. Mr. W. E. Thomas, City
Clerk, writes us that this is an error. " An appropriation of
$15„000 was recently made for sewer purposes, but no bonds
—
Perry ronnty, IW.—Bond Election. At the November
election the question of issuing about $!i00,000 refunding
railroad- aid bonds will be voted upon. These bonds, as
stated in the Chronicle June 3, 1899, have been contracted
for >^y local capitalists, subject to the approval of the voters
of the county. They will bear A%% interest and will mature
in 20 years, subject to call after 10 years.
Plymouth County (P. 0. Le Mars), Iowa.— Bond Election.
On Nov. 8, 1899, the question of issuing court-house bonds
will be voted upon by the electors of this county.
Port Clinton, Ohio. Bond Offering, Proposals will be
received until 12 m. Nov. 18, 1^99, by Geo. F. Meyer, Jr.,
Village Clerk, for the following 5^ street-improvement bonds
—
—
$3,600 2-21-year Second Street bonds, issued in denomination of $180.
3,800 2-21- year Depot Street bonds, in denominanon of $19c.
2,500 2-11-year Short Street bonds, in denomination of f 250.
Interest will be payable
the office of the Corporation
Treasurer. Bidders are required to deposit, with bids for
each series, a certified check or the certificate of deposit of
any banking company of Toledo, Sandusky, Oak Harbor, Elmore, Cleveland or Port Clinton, payable to Geo. F. Meyer,
Jr., Clerk, in the sum of $300.
Proposals must be uncondiSecurities are dated Sept.
March
1
and September
1899.
1,
1 at
tional.
Portland, Mich.— Bids Rejected.— WlhxAs received on Oct.
the $iiO,000 Z% water bonds were rejected.
Prescott, Wis. Bond Election. An election will be held
on Oct. 30, 1899, to vote on a proposition to borrow $21 ,400
from the Commissioners of Pablic Lands of Wisconsin for
the purpose of refunding the present bonded indebtedness
and for the purchase of the electric light plant.
Putnam County, Ohio.— Bond Sale.— On Oct. 23, 1899,
$10,000 A.%% 83^-year (average) bridge bonds were awarded to
Denison, Prior & Co., Cleveland, at 106-70.
16, 18«9, for
—
are to be issued."
Saginaw, Mich.— Bond Sale.— On Oct. 14, 1899, $9,520 3%%
1-10 year (serial) street-improvement bonds were awarded
Securities
to the Second National Bank of Saginaw at par.
are in denomination of $952, and the interest will be payable
semi- annually.
Bonds Proposed.— This city is considerSt. Charles, Mo.
ing the question of holding an election to vote on a proposition to issue $100,00(1 water-works bonds.
St. Louis, Mich,— Bond Sale.— Oa Oct. 28, 1899, the $10,000
5^ 5-14-year (serial) electric-light plant bonds were awarded
to Feder, Holzman & Co., Cincinnati, at 105'25.
Sardis, Miss. Bond Offering. At a meeting of the
Board of Mayor and Aldermen held on Oct. 16, 1899, the issuance of $5,000 additional water works bonds was authorized.
Proposals for these bonds will be received until 7 P. M. Nov.
Interest will be at
15, 1899, by C. W. Daval, Town Clerk.
the rate of 5%, payable annually. Principal will mature in
20 years, subject to call after 5 years.
Sheldon School District No. 1, Iroqnois County, 111.
Bonds Voted. This district voted last August to issue $11,000 5 per cent school bonds, to mature $1,000 yearly
from 1906 to 1916, inclusive. We are advised that the date
for the sale of these bonds has not yet been determined
upon.
Southampton, Suffolk County, N. Y. Bonds Proposed.
We are advised that this village will issue $40,000 road improvement bonds, but they will probably not be placed upon
the market before March or April next.
South Nyack, N. Y. Bond Offering. This village will receive proposals until 12 m. Oct. 30, 1899, for $12,000 regis-
—
—
—
—
INVESTMENTS.
INVESTMENTS.
S26,000
trowbridge,
BERKLEY, VIRGINIA,
MacDonald
30-Year
5».
S45,000
PULASKI, VIRGINIA,
25-Year
8b
MUNICIPAL BONDS,
l8t Nat.
Prices and particulars on application.
WHITE &
Bank Bldg.
•
York.
DEALERS
BROADWAY
Bank Building, Chicago
Devitt,
RAILROAD
First National
Co.,
Bank
NEW YORK.
ib
la salle street,
^
CH ICAQO,
R. GOODE &CO.
3^
ALWAYS ON HAND.
Bend for our InveBtment
15
§^.
WALL STREET NEW YORK.
BONDS.
LISTS SENT
UPON REQUEST.
Information eiven and Quotations furnished conoerning all classes of stocks and bonds that have a
Cleveland market.
Blodget, Merritt
&
Co.,
BANKERS
Congress Street, Boston.
New York.
STATE. CITY & RAILROAD BONDS
HOLDERS
BOND
Of the United States.
;
;
Desigrnates holders, amounts, etc., of bonds of over
Banker.
IH^ Dearborn
8tr««i
CHICAGO.
[Established
IN
MUNICIPAL, RAILROAD,
STREET RAILWAY & CORPORATION
Who they are where tbey are what they are.
"AMERICAN INVESTMENTS—CLASSIFIED."
Clrcnlar.
DUKE M. PARSON.
Municipal Bonda.
CLEVELAND, OHIO,
BEALBK8
to 6;
CO.,
3,500 States, Cities. Counties
and Towns.
750 Railroad, and nearly
Street Railroads, Gas, Electric, Water
and Sliscellaneous Corporations.
800 PAGES. 0( TAVO. CLOTH. PRICE $10.
Book sent on approval, charges prepaid.
2,40(1
U. HARRAillAN,
Dealer in Investment Securities,
NASSAU STREET. NEW YORK.
CURTIS
35
1871.1
BANKERS,
Dealers in High-Grade
Investment Securities,
Making a
20
CHRONICLE VOLUMES
FOR SALE,
Specialty of
HIOH-GRADE WARRANTS Western Municipal Bonds.
Netting from 4 to
Century Building,
13 Wall Street,
FULTON & CO., SPITZER &
171
Lamprecht Bros. Co.
16
MUNICIPAL BONDS.
Co
BANKERS,
Devonshire Street.
THE
Bnlldlng,
CHICAGO.
Municipal Bonds,
O.
&
Tremble
BOSTON
F. R.
Quotations
CONWAY &
Reference, First National Bank, Chicago-
MUNICIPAL BONDS.
IN
Stanwood
121
application.
P. J.
CO. c„i.
T-i-p citv
^^.ll LiaKe
i^liy, Utah
Uian.
Investment Bankers,
Correspondence soUclted.
Securities Netting from
E. O.
Co.,
INVESTMENT BANKERS,
SECURITIES.
71
&
Nuveen
John
Ist National
Schlesinger,
and
Dividends paid out on
Weekly Market Repoit on
CHICAeo
•
MUNICIPAL BONDS.
CO.,
BANKERS,
Broadway, - - New
MUNICIPAL
in
UTAH MINING STOCKS.
NiVER Co.
10-'i8-Year Gs.
Whann &
$41,000,000
by wire or mail.
Pickens County, Alabama,
71
JMNyESTMJE^^
Ss.
825,000
C. H.
925
NASSAU STREET, NEW YORK.
Spitzer Building, Toledo. Ohio.
NEW OR SECOND HAND,
FROM 1866 TO DATE.
lYILLIAM B. DA9fA CO.,
76j^ Pine Sr.,
NewYork.
THE CHKOJSJCLE.
926
A
tered sewer bonds.
full description of these
bonds was
given last week on page 869.
The
official notice
among
of this bond offering will be found
the advertisements elsewhere in this Department.
[Vol. lxix.
Warrensbnrg Union School District No. 1, Warren
County, N. Y.—Bond Sale.— On Oct. 26, 1899, the $20,000 5^
school bonds were awarded to Isaac W. Sherrill, Poughkeepsie, at 113*02. For full description of bonds see Chronicle Oct.
14, p. 8S0.
|;240,000
Waterloo, N. Y.— Bonds Voted.— At the election held on
Oct. 19, 1899, the issuance of $31,000 school bonds was
authorized by a vote of 175 to 130.
until 7 30 p. M. Nov. 1, 1899, by the Borough Council, John
D. Young, Secretary, for $30,000 d}4% 5 10-year (optional) and
cer$65,000 3^4% 10-30-year (optional) water- works bonds.
tified check for $1,000 must accompany proposals.
Stonington, Conn.— A'b^e Sale.- On Oct. 23, 1899, this
town sold to the Norwich Savings Society $24,000 refunding
notes at 3'9;?; interest.
Watertown, H&ss.-Note Sale.-On Oct. 26, 1899, the $50,000 notes maturing Apr. 10, 1900, and $3,000 maturing Oct. 1,
1900, were awarded to Curtis
Motley, Boston, who bid for
notes bearing 3*90^ interest.
Wellsville, Allegany County, N. Y.—No Bonds at Present.
In reply to our inquiry relative to an issue of $10,000 paving bonds, which some papers stated had been voted by this
village, the Clerk writes us that " No arrangements have
been made yet in regard to paving."
West New York, N. J. Temporary Loan. This town has
negotiated with the Hudson Trust
Savings Institution of
West Hoboken the following loans in anticipation of the collection of taxes: Note for $5,000, dated Oct. 13, 1899, and
one for $4,000, dated Oct. 23, 1899. Notes bear 5^ interest
Spokane County, Wash.—JBonds Not Yet Issued,— A. L.
Smith, County Treasurer, writes us that the sale of the
funding bonds to Morris & Whitehead, Portland,
has not yet been consummated. '"It is likely," Mr. Smith
says, "that the matter will be submitted to a vote of the
people and the bonds advertised. The Commissioners were
disposed to accept the offer of the Portland firm, but a point
of law has been raised that is likely to make a vote necessary." See Cheonicle last week, page 869.
Steelton, Pa. Bond Offering. Proposals will be received
—
A
—
Condition of Funding Bond Issue. In
8, 1899, we recorded the decision of the
Supreme Court determining the legality of a large amount of
warrants of this city. Since this decision the City Council
has been considering the question of issuing $1,200,000 bonds
We
to cover the principal and interest of these warrants.
are advised that it was thought advisable to consult Judge
John F. Dillon of New York as to the legality of these bonds,
and to that end the City Attorney recently forwarded to
New York all the papers in the case.
Tekaniab. Neb.— £ond Sale.— On Oct. 23, 1899, the $13,000
4^ 20-year refunding water bonds were awarded to the Western Masons Insurance Co. at 101. The only other bid re-
Tacoma, Wash.
-
the Chronicle July
ceived was that from W. J. Haves & Sons, Cleveland, who
bid par, less $225 for blank bonds ard other expenses.
Utica (TovFn), N. "S.-Bond Sale.- On Oct. 24, 1899, the
$20,0C0 5<g 1-year bonds were sold at public auction to the
Utica Trust & Deposit Co. at 101 4525. Other bidders present were J. G, Gibson of Utica, W. J. Hayes & Sons, Cleveland, and Isaac W. Sherrill of Poughkeepsie.
&
—
and will mature in December.
Wildwood (Borough), N. 3 .— Certificate Issue —This borough will issue $7,00l) improvement certificates, and the loan
will be taken by local investors. Certificates will bear G%
interest and will mature in one year.
Willmar (Minn.) School District.— Bond O/eringr.— Proposals will be received until 8 p. m. Nov. 6, 1899, for $8,000
15-year school bonds. Securities will be dated Nov. 1, 1899;
interest will be at the rate of Ai or 5^. Bonds will be in dedenomination to suit purchaser.
Yakima County, Wash.- Bonds Refused. Morris &
Whitehead, Portland, who were awarded on Sept. 5, 1899,
about $92,000 i}i% funding bonds (see Chronicle Sept. 23.
1899.) have declined to take the same on the ground that a
portion of the warrants (to fund which bonds were to be issued) are illegal. We are advised that the County Commis-
—
sioners are averse to calling a special election to legalize
these issues, and may possibly let the matter drop and not
If this action is taken they will levy a
i?sue funding bonds.
higher tax and pay off the warrants as fast as possible.
The AUDir Company The
OF NEW YORK,
Building,
Acting President,
Vice-President,
A. NASH,
Chief Consulting Auditor,
Manager,
L.
Broadway
WILLIAM
AUGUST BELMONT.
THOMAS
120
STEPHEN LITTLE.
GREENE.
Consulting Engineers.
WM. BARCLAY PARSONS
F. S. PEARSON
FORD, BACON 4 DAVIS.
Secretary and Treasurer,
T. PERINE.
James
Stillman,
eEOROE
OBa
H.
BURFORD
A.
WHEELWRIGHT
Aciuary
:
JOHN J.TUCKER
B. R.
The Mutual
value to investors, financial In•tltutlons, borrowers of money, directors of corporations, merchants, firms, and purchasers of properties
Bulldei
Leath
RANGE OF PRICES.
I88O — 1898.
.
.
5,894,189 71
SECOND YKAR.
In case of lapse the Insurance
M.Y.
8
DANA OMPA NY. 76H Pine 8U. N.Y
FOR SALE.
SECOND-HAND 8KT^
CHRONICLE
1S78
-
-
-
1890.
DANA COMPANY,
WM.
B.
re^ PINE
ST.,
NEW YORK.
The FinancialReview
ANNUAL
lasaes from
1889
t« 1809.
15
toIs.. 9'-25.
««•": sf™"?,"'audited.
BOSTON.
*»»
Examinations and InvostJ^
with the utmost care
and efficiency.
Single numbers. %i a c*pr.
WM.
B.
DANA COMPANY
tions condneted
Kent Ave. Keap and Hooper Sts.,
18".
Accountant,
BMka
8TEEL,
B.
18tf4
PER COPY.
12
aa to residence, travel or occupa-
WM. FRANKLIN HALL
Bound and
Flat Bars and 5-ply Plates and Angles
FOR SAFES, VAULTS, &c.
GftBBCt be Sawed, Cut, or drilled, and positively
Bupglar Proof.
PRICE.
WILLIAM
1880-1884
1884-1888
1989-1893
gives
gives
gives
gives
are removtd.
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 comoletton and approval of proofs.
GENUINE
WELDED CHROME STEEL AND IRON
Issue
issue
issue
issue
continued ih
as long 88 the value of the Policy will pay for;
a Cash or Paid-up Policy Value » alowed.
Alter the second year Policies are Incontestabu,
all restrictifma
for five years.
1885
1889
1894
1899
13 years, 26 vols.
is
or. If preferred,
tioti
GlTOS a monthly range of Stock and Bond Prices
AmiB
FORCE
and
REVIEW
THE FINANCIAL
N. J.
Assets (Market Values) Jan. 1, 1899. .167,096,602 10
Uabtlitles (N. J. and N. Y. Standard).. 61,702,412 69
Surplus
POLICIKS ABSOLCTELT NON-FORFEITABLK
SECURE BANK VAULTS.
OUR ANNUAL
Benefit
AMZI DODD, President.
Its services are of
a«le Man'f'ers in the U. S.
WALZ STREET, NEW YORK.
A Traders' Nat. B k
NEWARK.
WORKS.
BROOKLYN,
MANUFACTURING
COMPANY,
C'aahlei
Medical Dlrectoi
riNANOB COlfMITTKX
Pres. Chem. Nat. Bank
OBO. G. WILLIAMS
o
H
THE AMERICAN
Prealdeni
Vice-President
2d Vloe-President
3d Vice-President
Secretary
Assistant secretary
G.
Chapman.
H. H. PERKINS, Jr.. .Pres. Imp.
The Audit Company examines and reports on the JAMBS R. PLUM
accounts and financial condition of corporations,
eopartnersbips, and individuals, and examines and
reports upon the physical condition of railroad, manJLIFE INSURANCE CO.,
vfgK^nrtng and other properties.
CHROME
E
w__
63
WILLIAMS
C. P. FRALEIGH
BICHARD E. COCHRAN
Gustav. E. Kissel,
Isaac N. Seiigman.
Louis Fitzgerald,
sgJi; SPECIALTIES.
l-t
1
in
A X ATT
WITHOUT
KBNWAY
ADVISORY COMMITTEE OF STOCKHOLDERS. J.L.
WILLIAM T. 8TANDEN
T. Jefferson Coolidge, Jr.,
W. Bayard Cutting
ARTHUR C. PERRY
JOHN P. MUNN
Charles S. Fairchild,
Walter G. Oakman^
Henry W. Poor,
«
ornoiBS:
George Coppell,
G. B. M. Harvey.
John I. Waterbury,
G. Haven.
George W. Young.
A- D. JullUard,
s
»
DISAll Death Clalma paid
aoon aa aatlafactory preofa hava
COUNT aa
RICHARD
A. J. Cassatt,
Marcellus Hartley,
Charles R. Flint,
Wliliam A. Nash,
Joseph S. Auerbach,
'(Jeorge
reaa.
CORDAGE
P4
THE CITY OF NEW YORK.
All Pollclea no^v IsBned by thla Compan)
•ontain the following clanaet
**After one year trom the date of lasae. tha
liability of the Company under thla polle)
ahall not be dlaputed."
During 1^<98 the Company made material
Increaae In Income, asaete and anrplnei and
ean thna claim a aubstantial gain In the
moat Important elements ot aafety and prog-
Active and Successful Agentt, wiihing to repreient thit Company, may communicate with
E. 000HRAy,3drice-Pretident,
at the Some Office, 261 Broadveay, New York.
DIRECTORS
Frederic P. Olcott,"
United states Life
Insurance Co.
been reoeWed.
EDWARD
Angust Belmont,
IN
TRABfSmSSION ROPE.
1899
I860.
Equitable
MISCELLANEOUS.
MISCELLANEOUS.
MISCELLANEOUS.
—
&
rOH Ptne
(^t..
New
Y*rk.
@FedFRASER