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mmt(^
[Entered according to Act of Congress, in the year 1899, by the Willi.vm B.
VOL
SATURDAY OCTOBER
69
CLEARING HOUSE RETURNS.
1898.
P.Ct.
%
,400.076,378 3,413,988, 601 28-9
372,a63,S41
277,290, 824 34-2
116,644,671
77,036, 925 +51-4
18-4
81,418.912
68,774, 314
17,ftS(), ;i.56 +13-9
20.134,336
7,.->22. 095 +14-4
8,606.843
4-5
6,951,190
7,281, 904
3,993,658
4,069. (i60 -1-8
4,346,086
3,618 834 +20-1
3,640,4281
2,945, 942 +23-9
1.428.700
1.371, 300 +4-2
Plilladelpbla.
Pittsburg
Baltimore
Buffalo
Washington..
Rochester
Syracuse
Scr n on ....
Wilmineton..
1899.
1898.
%
$
+51-7
180,346 407
88,510, 978
75.553, 966
42 628, 974!
40.326, 701
- -.33-9
--521
668 ,7a5,547 --400
15.5 ,81-3,.531 --157
74 •270,128 --19 2
66 702,3.86 - -13-3
536,459 +0-2
42,
32,9-38, 388
14,143, 200
13, ,418.100
+5-4
Total Middle 5.019.504,543 3.881.580,815+29-3 51.289,638.623 a4,285.102,497
-1-49-6
Boston
E^ovidence.
Hartford
New Haven...
5.36,383,729
398,923, 170 +34-5
24,523,700
10,261,004
19,857, 100 +23-5
9,386, 565 +9-3
0,517, 188+18-9
Worce-ter
7,749,326'
4,5.58,689
5,3*4,20.5
Portland
6,224 490
Fall River,...
Ijowell
3,087,034;
Sprinirtield.
..
Total N.
Eng 602 276.009
Chicago
Cleveland
Milwaukee
Columbus ....
8,5:n,079i
Toledo
Grand Kaplds.
Dayton
Youngstown ..
Springfield, Hi.
Lesingtoa
Akron
Kalamazoo
Saginaw
Hoclitord
Springfield
Canton
Tot. M.West.
8,710,610
4 861.067
3.S81,065
1,322.872
2,030,000
1,518,178
1,622,300
1,405.262
1,376,520
1,114,421
1,129,998
999,428
85,353,436
Portlaud.
Los Angeles
7,401,000
7,343,777
13,584,925
Seattle
5,960,m.-j6
Tacoma
4,7o9,337
2.647,154
1,350 000
550,900
Helena
Fargo
Sioux Falls.
Total Paciflt
Kansas City..
543,:S83,20O
306 965,0:50
370.375,385
207,051,158
17,112 100
10,501, 461
6,341, 589
190,-354.300
111,574.9:13
1.52,,571,400
72,836,506
6.' ,399,328
8.066, ,5»J9
81,234,6451
3,710 190
3,122 67(
43 3S7,01W
37.205 96S
12 811.675]
15,924 534
14,198 324
15,015,880
13.202,6681
11.785.860'
10,686,958
--170
3,46S,,002 --71-9
5,03i»,.04
+24-7
+33-9
.50.011.,439
38,6;i6,,301
28
Paul
Denver
St. Joseph.
21,178,000
16,473, ;93
15, 166,572
5,659,008
3,504.945
4.728,759
2.687,957
28,059.,181 +1-5
18,925..45 +11-9
11,873,MV) +38--
Topeka
Wichita.
W
Louis
.
Houston
Savannah..
RiCQmoi d
Atlanta
Nashville
Noriolk
....
Knoxville
Fort Worth...
Blrmlngdam..
Macon..
Little Rock..
114,007 204 +16-0
25.592 ,551 +23-8
24,150 .163 +38-4
17,951 .450 —2-6
17,2;}4 ,268
12,2 (2,880
17,914,105
8,234,786
Memphis
.
Chattanooifa..
Jacksonville...
35,,211.6V»6 - -•30-4
as,,097,8*5.8 - -'39-6
10,,721,261 --19-5
13,,7.55,154 4-15-8
15,,78:5,088 —10-0
11,,550,400 +30-0
11,,723,502 - -1-3-6
10,,070,119 --170
456,374,389
356,733,694
314,379,831
166,156,899
1'33,561,584
110,5lK),108]
53,810,.59l!
31,012,141
35,821,471
21.794,8461
18,249,80a
4,800,274
5,001,586
8,.312,386 -
591,240,413 +17-2
59,911,2.54 4-47-1
4-1
0*5,387,531
6,367 061
5,5o0,890
4,618,652
0,264,912
2 426,659
2,569,659
2.076,7aS
2 491,000
1,440,000
l,38a,977
887.621
+1-7
:,195,,931,735
309 ,996,758
300 ,875,159
115 ,031,650
102 ,396,5.54
4-26^5
+19-3
419,303,122 -1-8-8
300,398,992 +18-7
-4
2-24,156,477
14,5.621,614 +14108,(530,924 --13-8
93,1:59,739 4-2544,8t;6,2r4
19 9
13-3
27,3(>1,190
•39,1,84,901
22-7
•30,345,3-32
10,798,5-30
4,11-3,880
+8-6
+167
4,057,416 4;^-3
+ir6
1,043,386,453 +14-6
305,663,364 +1-4
1 '-3,31-3,400
+18-5
+2-4
i>9,353,890
81,3t>o,301
4-7-9
254,860,-339
11,028 ,865 +10-9
10,453 ,690 -71-4
6,093 ,140 4-35-1
87,,733,932
125 ,847,58'.
71 ,156,458
28-3
28-3
90.921,499 +29-8
76,206,095 -6-6
5.5,.729,179
49,-208.361
4,319
3,80i 896 +19-5
49 ,179,459
+133
43,595,507
35.365,340
155
4:j,,•294,147
4-112
33 ,303,990
•35,^337,4:53
21 ,919,449
19,705,111
31.790, 15i
4,9<(4 ,.52S
,80'
3,948, 369
2,211 455
2,845, 678
9-7
807 +64-5
1.H72 000 4-33l,07ii, 974 +33
1,30^, 374 +6-2
875, 458 4-t-4
1,6-26,
33,,487,436
23,,19-2,191
18 ,74.5,000
13,,442,961
12.418.067
8,,3-8,440
22-4
-
-32-0
11-2
+5-5
16,694,3^5 +38-9
19.388,000 -3-3
13 809,370 -H'9
13,997,000 -—4-5
8.339,983 +1-8
Total South
307,032,751
2&4,455,0»3 -H2(V7
633, 060,153 2,343.890,467 -Ki:9
Total all.
7,068.21 1.770 5.500,748, 460 +28-5
40^ 3C>4.075 49,153,38(5.737 -HI -2
Outside N. Y
2,668,135,392|2.086J59 799 +38-0|24,197,264:536il9,344.835;533 +251
Montreal
61,603.228
61,856,(508 -0-4
582.152,187
52'»,52 1,326 +10-1
Toronto
39,842,800!
33,932,850 +17-4
366.191,237
316,685,068 --15-0
Winnipeg :...
8,281, 159i
6.414,551 4-'29-l
67,695,664
59,064.:563
140
Halifax ...:;:
5,9.(7.442
4,919, 4(« +-20-7
50,415,.W4
45,570,8 3 - -10-0
Hamilioa,...
3,590,685
4-29-5
,
St.
John
Canada
Tot.
3,004,610
'
122.259,934
2,773,218
2,508,634 4-19-8
112,405,324 +8-8
29.279,175
23.947,935
1,119.681,403
'*" Table clearinKs by teleitraph
p. 7'ZT.
20,051,:537 4-12-4
+6-7
998.ai6.3ad +12-2
22.44 3.4^39
,
Total Middle.,
Boston
Providence
Hariford
893.313.900
128.153,800
5,703.200
2.248.710
1.490,460
1.396.876
1.117.344
1.323,358
940.023
607,530
403,745
143,3»4,046
130.465,720
13,082,550
,
New Haven
gHeld
Worcester
Portland
Fall River
Lowell
New Bedford..,
Total New Eng.
Chicago
.
Ci'icinnatl
Detroir
7.106,100:
11,451,896
5,250,6191
4,961,600'
Indianapolis
2,973,377
2,044.940
1,828,313
1.137,147
874.4191
923.192:
332.230
390,000'
Peoria
Tole 10
Grand Rapids
Dayton
Kvansville
Y'
ungstown
Sprinubeld.
ill
275 441,
350 000
305,598
I./«xiniitou
Akron
Kalamazoo
Saginaw
247.611,
liockiord
287,324
267,182
211,561
Soringfleld. Ohio...
(Tantiin
Tot. Mid. West'n.
P. Cent.
774,094.9311
66,308,174'
17,754,851
16,468,9521
4,150.7231
1,809,181
4-14-2
-12-9
+0-9
+38-6
4-19-3
+3-2
-9-0
+14-5
—15-3
+5-5
+45-7
-28-6
-25-6
+34-2
+19-4
4-150
+23-6
2.178,094
1,637,194
1,219,186
1,318,382
1.354.743
645.130
850.936
542,234
286.000
288,272
228.110
201,112
143.765
171,991
66.172,203
17,610,509
16,485,574
3,795,402
1,807,61H
1,750,602
900,000
^0-(
-33-3
+22-4
911,799!
704.238;
451,6^25
811,8-34.980
-10-3
--24-3
--13-2
318,400
885.281,747
92,455,455
4.778,200
106.879.554
109.300,592
11.376,000
5,747,348
6,808,527
4,790.649
4,523,400
2,305,845
1,628,435
1,578,363
851,677
708,969
761.233
307,647
300,000
-32
+28-5
--621
-
l,8-38,287
9.32,211
1897.
631,243
290,900
675,860.813
94,763,257
5,655,600
2.312,535
1,803,369
1,451,383
1,516,996
1,539,944
909,453
1,646.457
1.269,839
73:5,474
605,948
132.417.137
102,068,485
12,:590,950
5,871,501
6, P37,'376
5,840,199
8,511,300
2,295.472
1,666,018
--25 5
--15-8
--23-3
--21-3
1.554,2516
759.561
588.932
-i-8-1
297,754
-36-8
+22-7
292.611
+59
305 418
+7-4
+42-8
235.:500
265,858
201,698
-(-8-6
134,1:58
+23-3
+20-9
+20-0
190,40
144,497,677
125.000
34.824.719'
25.021,380
-I-39-2
27.288.451
Kansas City
15,693,360
14,3(58
+31-3
+26-0
+5-9
+9-3
11.449.1:50
Mlnneauol'S
11,956,730
11,401,510
7.025.082
4,577,290
2,494,829
2,.593,9*59
1,114,701
+38-7
4-199
11.569,781
5,573,174
5,270,990
2.133,508
l,519,0i8
1,000,000
672,469
+•38-3
588 815
l,005,»(i7
53-3,614
+22-y
871.091
474,069
401.648
119,107
Salt
Lake City
Portland
Los Angeles
\
Spok^tne
Helena
Fargo
20,358,109
4,209,-04
1,749,067
1,647,956
3.443 899
1,262,040
1.189.775
591.069
250U00I
Omaha
St.
184,756.3-30
948
7.439,370
4.997,336
4,000,650
3.596.080
1,356,407
691,192
1,235,233
479,246
Paul
Denver
Joseph
Des Moines
Davenport
Sioux ("Ity
St.
Topeka
Wichita
489.5-32
Fremont
177.603
140.000
Hastiiigs
To'. other West.
Louis
New Orleans
54.664.947
St.
,
LO'iisviUe
Galveston
Hou-ton
Savannah
5.181575
,
RichiiKind
Memphis
Atlanta
Na-hville
Nor'olk
Augusta
Knoxville
Fort Worth
30.911,483:
9,190.6151
7.780,939'
,
,
,
,
,
Birmingham
Macou
Little Bock
Chit' an- oca
5,007,764i
2.834.7061
3.303 370
2.339.433!
1,516.3651
1,174.007
1,105,955
1.3760471
402,829
117,218
123,494
44.018.542
25,901.138
6,216,743
7,054,8-39
5,309,400
4,780,899
3,447,0471
2,360,852!
Halifax
Hamilton
St.
John...
Vancouver*
-f-60-4
-100
+215
+51-5
+13-4
+24-2
+19-3
-H7-8
+10-3
—3-4
-K-7
-178
+399
6.362.756
3,647.650
4 400.000
3,6-34,886
964,928
9-38,996;
+482
1,'304,2«6
54:5.138
682.0;56
420,003
547,000
305.595
2«3.60«
135.134
64.317.903
.333 080,009
-13-4
-9-9
-1-39.4
292,0-37
-
732.6961
6 711.8-35
l,007,26;i
-
7:56.850;
10.5.414
41.253.655
27,887,749
4-1-3-4
459,1151
,
660,000
737,142
680,083
460,000
114,»46
63,876
1,008,009
983,r20:
490,000
254,480
2.145.616:
1.370.1711
l,15-3,-367
+16-5
+56-8
6-30.000
14,169,376
8.060.456
1.596,412
1,115,873
558.831
520.832
1.082,984
580.056
486.427
110,551,040
60,288,593
10,556.550
5,045 289
5.091,506
4,810.960
3,177.300
1,647.824
1.373,710
1,188,264
895,311
482.321
-
-26-5
-47 3
-16-4
+13-1
+17-8
_+8-5
+26-4
+6.9
+26-0
--34 5
-
-•32-9
530.-355,O39
12,461,980
7,759.121
2,649,507
1,175,000
218.602
262.000
191,096
269,-293
152.151
121.155
173.194
115,884,7f9
15,244,008
1,061.476
1,353,003
835,699
460,000
508.954
449,109
419,859
246,505
54.876
20,623,589
9,931,151
11,545.410
3,473,283
4,2'38,628
1.880,442
1,156,368
935,152
441,667
474,119
ffiO,185
348,543
64,468
80.893
34.810,309
21,786,175
8,235,388
5,1^39,975
3,283,550
S,6o7 412
3,843,036
1,750,000
2,3-32,746
1,413,646
834.484
1,033,656
985.423
477,028
604,076
408.119
2(53,143
267.249
186,130
56,493,220
,014 223,698
438.408,878
9.618.473
6.4456,736
1,083 327
1,213,8-30
--31-7
--40-7
6*34,655
615,097
638,093
4«2,590
+16-4
25.183.360
19.472,019
710.974
,
l,0O3.147
Total Canada.....
30,286.990
Not included
—36-6
-I-44-0
574,075!
,
Victoria*
+196
6(53,555
10.155,064
,
+59-9
-1-49 3
597,794
639,0&4
15,147.587,
,
+2047
4-'300
Jacksonville
182.578
Total Southern..,
74.967.080;
63,657,149
Total all
1.385,9ll,513il ,277.617.933
Outside N. York.
636,67'?'.4l'0'
503,523.001
Winnipeg
—2-3
-H2-4
477.0311
374,777
340.995
206,170
Montreal
Toronto
+2090
19.848,917
1,864,802
1.700,959
2,342,39
1,955,177
1.213,974
1,485,7-39
1, '365,897,
l,429,19fi
1,3^34,687
+300
Sioux Falls
Total Pacific
I'raiicisco
14,393,0*34
9^32.129
+9-6
+9-6
--3'3-4
675.784.820
62,230,618
818.179
318.000
922,405.196
115,641,305
5,697,200
2.519,056
4-68-2
+290
1896.
13,677,375
3,680,967
1,755,447
1,616,519
800.000
999.900
152.759,560
16,963,455
1,303,469
1.800,340
1,157,104
1,130,039
789,552
796,633
494,584
441,399
86,815
San
'I'aLOma
—41
5,157.377
2,047.379
1.085,263
623.549
1.115,872
804.878
277,000
Wilmington....,
:5O,779,101 +4'7-l
33,458.5:59
-[••340
18.163.:560
Bingham' on
Sprii
1898.
749,234,102
85,228.796
28,776.824
Buffalo
Seattle
+10-8
I
1899.
Baltimore
54.578,862 +18-4
50,443,147
30,505,460
8,844,055
4,047^575
919.095,937
at—
Washington....
Rochesier
Syracuse
S'Tautnn
30.
1899
Philadelphia...
Pitisburg
Columbus
--16-4
71,.622.399 4-13-4
174,816,382+23-1 1,604,257,223 1.437.980,371
31,692.729
32.U41,936
17 488 475
17 526.953
Louisville
Augusta
547,465
215,156.908
133 287.658
New Orleans
Galveston
3.695, 621 --•.J80
17-8
2,281, 024
38-6
1.401, 101
404, 937 - -52-3
390, 719+38
616 738
...
Tol oth'r
St.
+42-4
5,315, 303 +6-5
3,102,,:js<j +13-0
10,65:1, 210
2,0-25,315
Fremont.
Hastings
692,649,969
88,099,649
63,548,337
64,619,805
72,489,868
45,279,484
31,120,887
23,714,422
10,908,046
5,130,162
+56-4
+6-3
-2-8
+35-6
105,351 ,429 +37-7 1,090,620,629
3,042,,716
2,489,,746
1,389,,024
405..546
62.348.471
51,726,089
Oes Moines...
Davenport, ..
Sioux City....
per cent.
New York
-H-8
+•34-7
99 ,844,147 --11-7
+20-6
Omaha
..
190 222,791
Clearings
Cleveland
.Milwaukee
623.894,857+24-9 0,898.882,8!JO
Minneapolis..
St.
le 2.J-4
-20-3
-32-8
10.501,85l|
9,420, 140i
09,872, 836 +22-1
6,9:«,.330 +132
6,732,,361 +9-9
5.978.,158 +22-8
493,-,i9(!
133
-
-38(5
,353,899 --43-8
,7&3.376 -313
754, 310
793 .841
145.04»,993
480,,016,6.50
255,,126,825
28:5,,513,121
32,186, 630
19,363, 943
1,569 620
1.975,,110
1,2.54 .200
1,176,574
1,229 ,603
853 ,204
16,1198,508
Spokane
4,816,277,954 3,964,,667,118 +21-5
1.1*5, ,888
779,192.566
San Francisco
Salt Lake City.
-110
437,523 ,077
49.022 ,400
26,201 ,813
11,55<9H9
Indiauapolls
Peoria
6,024 ,056
5,220 997,042 3.863,460,235 +35-2
238,763,800
189,220,000 4-26-2
103,538,372
93,290.439 +9-9
66,249,118
59,452,906 +11-4
65.301.794
54,6 10.3: J2 -f-19 4
58.934.530
57,4-^0,064 +2-6
57,746,129
.53.701,245 ^7-5
33,185.449
28,798,120 +15-2
25,693 393
26,205,145 -3-0
20, '332. 4.55 -1-0-8
20 394,941
460,649,294 +30-7 5,889,804,568 4,445,390,9*7 -f-32-5
548,853,427
56,314.450
32,766,985
44.093,775
22.956,834
24,144,300
Cincinnati
Detroit
5,783, 836
21-2
6,135, 206
2,944, 437 +4-9
2,946, 364 I— 18-1
19-8
2,131, 372
2,413.754
1,710,078
New Bedford
1897
Week ending September
34 ,151,104 +18-1
28, 342,492 4-16-2
Bingham ton..
total for all cities, in consequeuce of the holiYork,
days in New
shows a gain ol only 8 5 per cent over
The increase over 1897 is 4*0 per cent and the excess
1898.
over 1896 is 36 6 per cent. Outside of New York the gain
compared with 1898 is 26*4 per cent and the increase over
P.Ct.
,203,999, 539'29,807 ,551.204
572 456, 208l 2.668 8:33,039
7-24 ,718,907
,102,492 031.
936,250, 231
NO. 17-9
1899.
JVine Months.
Septemitcr.
1899.
7,
in the otHce of the Librarian of Congress.
The week's
For the month of September the clearings make an even
betttr exhibit than in August, notwithstanding the Dewey
holidays at New York. In the aggregate for the whole c mntry the excess over 1898 reaches 28 '5 per cent. Oatside of
New York tie increase is 280 per cent.
New York
Daha Comp-vny,
in total
26.021.780
THE CHRONICLE.
718
harvesting the fruits of our miserymaking currency systems. In the whole world there
is not a civilized nation where the money market is
are
still
subject to such spasms as in the United States.
we have
First
unredeemable currency pouring into
and accumulating at our monetary centres until it
has fostered and built up a most hazardous speculation.
Next come gold exports, active trade and crop
movement. These follow one after another or sometimes come together however that may be, the result
is a depleting at this center of its accumulated curfloods of
;
rency, forcing a reduction in
New York bank
Court of Appeals at St. Louis, which embodies some wholesome principles.
The rule laid
down will also, if it shall be generally followed by the
courts, go far towards depriving bankrupt roads of
their power of inflicting injury upon solvent roads
through the arbitrary cutting of rates. The Pittsburg & Gulf is a competitor with the South Atlantic
lines, via Newport News and Savannah, for freight
shipped from
Eastern seaboard ports via the
Gulf ports to Kansas City and other Missouri
River points. In such competition it has been
contending for a differential of 15 cents per
100 lbs. below the rates charged by the South
Atlantic lines.
This differential not being voluntarily granted, the road made successive reductions, and finally charged only 80 cents per 100 lbs.
for the through shipment from the East, against the
Circuit
THE FINANCIAL SITUATION.
We
[Vol. LXIX.
loans
the present case up to last Saturday
of $79,680,280 in loans and $123,640,600 in deposits), with the natural and inevitable consequence of a
collapse in the stock market, squeezing out not only previous rate of $1^37 per 100 lbs.
But Judge Thayer
the wind but in considerable measure the substance expresses disapproval of the road's course and has
from security values. How can these short and directed the receivers to conform to the rates in
violent cycles be stopped? Relief may be secured in force on the South Atlantic lines, provided these
five ways:
(1) By gold imports; (2) by the Govern- rates are not fixed higher than those
in force
locked up in before the war broke out. He says that as a general
ment disbursing the currency
Sub-Treasury vaults; (3) by a check in general busi- rule a railroad in the hands of receivers for the
ness development;
not
handle any
(4) by causing a decline in purpose of foreclosure should
commercial values or (5) by a complete change in traffic except at rates which are reasonably remunerThe latter ative.
the character of our currency systems.
Unremunerative rates, he declares, even
and deposits
(in
;
could be made so as to efiect a permanent cure. The if they do not entail an
actual lossj
ought
four are merely temporary expedients, and the not to be put in force upon railroad property in
remedy they administered would simply leave us in a judicial custody merely for the purpose of forcing
position for the beginning of another cycle.
Until concessions from other carriers, unless the concession
we retire every dollar of legal-tender currency and is one of paramount importance which clearly ought
provide a bank-note system in touch with commerce, to be granted.
we shall be subject to these extreme monetary changes
Especially is this true, he considers, where such
first
and their consequences.
action
is
liable to affect rates generally
the conditions
The money market has
situation
controlled the Wall Street
again this week.
rates for call
No doubt
money quoted have been
in
under which business
is
and disturb
transacted,
and where the prevailing rates are not shown
to be
unreasonable.
Whether the existing conditions are
some meas- such that the Gulf lines, including the Pittsburg &
the highest
ure speculative, as they almost always are on an occa- Gulf, are entitled to the differential claimed is a
sion such as now exists; the change in the condition debatable point concerning which there is room for
But Judge Thayer is not
of the banks stated above shows better than anything difference of opinion.
else the real change in and severity of the situation sufficiently satisfied that the differential should be
**to
embark the line which is now
here.
It is claimed that the warlike outlook in the granted
Transvaal, as well as money, has been a disturbing in
custody of
the
court
an
effort
in
*
*
*
That is true, but it is so in large part be- to force the concession
with all which sucht
factor.
'*
cause it affects our money market by increasing the action implies."
He adds: When the road passes
getting
gold
from
difficulty of
Europe to relieve the out of the hands of the court and into the hands of
strain here while disturbing and endangering the its owners, they will of course be privileged to form
world's new supply of that metal.
The rise on Tues- their own opinion concerning their right to a differenday by the Bank of England in its minimum rate of tial, and of the policy of endeavoring to enforce it by
interest one per cent, to 4^ per cent, and again on a rate war, and they will be free to adopt any rate
Thursday to 5 per cent, and of the Imperial Bank of which accords with their view on these points. The
Germany's rate from 5 to 6 per cent, are also import- court having the property in charge for a temporary
ant incidents affecting monetary movements in purpose, and holding it in trust, so to speak, has less
the same direction, as they influence our foreign ex- freedom of action than the] owners of the property.'
change market and tend to prevent gold imports at The matter is of comparatively little importance at
New York. Altogether, stocks have been unsettled present, since so few roads are now being operated
from the beginning to the close of the week. Mon- by the courts, but how different the railroad situation
day there was considerable London selling. Since would have been a few years ago if the views here anthen prices have been variable, and as a rule lower. nounced had then obtained."
And
yet, considering
properties have
the
the monetary situation, good
shown wonderful strength.
In the litigation which has been in progress between the receivers of the Kansas City Pittsburg &
Gulf Railway and its competitors with reference to
the question of rates, a decision was made last week
by Judge Amos M. Thayer, in the United States
AVe referred in our issue of May 6 1899 to the decision of the Appellate Division of this State in thej
suit brought by a policy holder of the Equitable Lif(|
Assurance Society with reference to the distributior
of the surplus of the society.
The
decision overrulecl
Judge Joseph F. Daly, and was to the
policy holders are entitled to share in
all
effect
thai
the net sur
October
,
7,
plus of the
it
THE CHRONICLE.
I899.j
company instead
as the directors
of only such portion of
may choose to
set aside for division.
This week the Court of Appeals has handed down a
decision reversing the Appellate Division and upholding Judge Daly. With the technical features of the
case our readers are not concerned, but the following
quotation showing the Court's views with reference to
the claims of policy holders on the surplus is of decided interest: "Until a distribution was made by the
7 1896.
719
It is asserted that this exceptionally
high rate
was the result of manipulation of the market in the
interest of bear speculators in stocks.
It is specific-
charged that a broker, during the last hour of
Tuesday, urgently bid for money on the floor of the
Stock Exchange, forcing the rate from 20 per cent to
40 per cent, and that he did not take the money so
borrowed, but left it in the bank, paying interest
thereon with the alleged object of preventing its being
loaned to other parties. The attention of the Govally
managers of the defendant, the plaintiff
had no such title to any part of the surplus as would ernors of the Stock Exchange, it is
said, Avill be called
enable him to maintain an action at law for its re- to this transaction, and it is
expected that they will
covery.
We think the principle which controls the take official action. It may be remembered that three
oflBcers or
disposition of surplus earnings of a stock corporation
is applicable here.
In these cases it has often been
held that until dividends have been declared a stock-
holder had no right of action at law to recover any
part of the fund applicable for that purpose.
years
ago— in 1896— a similar charge of
irregularity was
investigated, resulting in the conviction and suspension
of the offender. We should state, however, that
there
was evident reason for high rates for money on Mon-
day and Tuesday, and all the week in fact. On
the funds in the
possession Monday the larger banks generally called loans,
of a mutual insurance company, over and above its even requiring
payment of some which
had
immediate and present liabilities, may be regarded as been standing on exceptionally
good
security
surplus ; yet it is not for that reason understood as throughout the
entire period of stringency in the
belonffing to or to be immediately distributed among market.
This
calling
of
loans, added
to
a
the policy-holders, either by them or by the company. crisis in the
Transvaal situation, to the advance
In
a
sense,
The word
all
in
surplus, like the
word liabilities, has a special the Bank of England minimum rate of
discount
•meaning which has arisen in this branch of the in- from
3^ to 4^ per cent Tuesday and on Thursday to
surance business.
Such surplus could be held by 5 per cent, and the advance by the Imperial
Bank of
them not
only for
the protection of their policy- Germany of its rate of discount to
6 per cent, account
holders but as an inducement to the public to insure. for urgency in our
money market. After Tuesday
In the absence of fraud all the acts of the officers are the extreme rates were,
to be sure, lower, but it is
•conclusive."
quite probable that this was due to the lighter
inquiry resulting from the liquidation of speculative
The Pennsylvania Railroad return for the month of accounts.
Besides, a further reason for dearer money
August was issued on Friday afternoon of last week, is
that the movements of currency this week
show
but owing to the Dewey celebrations in progress here at
larger shipments to the interior. South, Southwest
the time the telegram giving the figures did not reach
and West, than for any week since the outus until very late at night, when our forms had
gone ward movement began; moreover there
has been
to press.
Similar telegrams giving the returns of the
a
further accumulation in
the
Sub-Treasury.
Reading and the Lehigh Valley came through withAll these
matters will fully account for the
out delay, and the figures for these roads were pubinability of the banks to freely meet the
Stock Exlished in our issue
Saturday morning. The change requirements.
Pennsylvania statement simply serves to emphasize
Stated in detail, money on call representing bankthe favorable character of current reports of
railroad ers' balances, has loaned at the
Stock Exchange durearnings.
The gains are of extraordinary magnitude. ing the
week at 40 per cent and at 3 per cent, averagOn the lines directly operated east of Pittsburg and ing fully
12 per cent.
On Monday the range was
Erie gross earnings increased $863,400 as
compared from 35 per cent to 6 per cent, with the
bulk of the
with the same month last year, and on the Western
lines business at 10 per cent.
On Tuesday transactions
they increased $922,400, making over 1| million
dol- were at 40 per cent, as above noted,
and at 6 per cent,
lars together— all for a single month.
The company is with the majority at 20 per cent. On
Wednesday the
again pursuing a very liberal policy in its expenditures,
range was from 20 per cent to 3 per cent, with the
so the additions to the net are not very
large, being bulk of the business at 12
per cent. On Thursday
$46,500 on the Eastern lines and $164,000 on
the transactions were at 12 per cent and at 3 per
cent, with
Western lines, or $210,500 for the two combined
the majority at 10 per cent.
On
Friday the range
Last year the gross for the combined lines
showed was from 9 per cent to 4 per cent, with the bulk
of
$80,600 decrease and the net $248,500 decrease.
The the business at 7 per cent. While 6 per cent has
following is a six-year comparison for
the Eastern been the minimum at banks and
trust companies,
lines.
these institutions have almost invariably met the adlilXKS EAST OF
vance in the market rates as established at the mo1899.
1868.
1897.
1816
1865.
1894.
PlTTSBURO.
ment at the Stock Exchange, and some loans have
August.
$
t
Cross earnings
been made by them at about the highest rates of the
6.586,46] 5,723.061 3.868.961 6.320,761
6,085,961 5.739.C55
Operat'g expenses, 4.275,246 3,468.346
3.571,C46 3,88 \846 8,690,446 3,4 24
The quotation for time contracts is 6 per
637 week.
of
last
Net
earnings... 2.311.815 2.264.716
2,287,H5 1.931,916 2.396.616 2,314,418
Jan. 1 to Aug. 31
Oross earnings
45.817,067 12.248.697 40,928.867 40.884,681
41.060.131 36,746,558
Operat'g expenses. 33.1H1 371 29,r43.77]
^8.347.871 29,977,529 29,4S9.42P
26.162.605
Net earnings
12.62.- ,69(1 12.504.SPfi li?.58".99-<
.
The
10.907.106 11,600.702 l('.693.t'63
striking feature of the market
for money on
call this week was the advance
in the rate on Tuesday
to 40 per cent, the highest
rate recorded since Nov
cent for all dates.
As a matter of course banks are
not offering money freely on time while they have
such an urgent inquiry for money from their correspondents; neither are the trust companies liberal in
their offerings of time
money, for they, as well as the
banks, are placing most of their money on call on the
Stock Exchange. Some of the interior banks, and
among them
a few
in
Western
cities,
are
making
THE CHRONICLE
720
time loans
There is a
of
on
fair
stock
collateral
demand and
business reported,
in
market.
this
[Vol. TiXTX,
influence of the domestic monetary situation.
The
amount advance on Monday of open market discount rates in
Stock Exchange London to 4^@4f per cent had a disturbing effect,
a moderate
and some
houses are securing time loans even at 6 per foreshadowing, as it did, an early advance in the
cent for four months in order to meet their require- bank minimum, and there was a prompt adjustment
ments for the immediate future. There is a good of nominal rates and those for actual business to consupply of commercial paper in the market, and some form to the changed condition of the London market.
very attractive names are offered, but there does not At the same time there was a disinclination to draw
appear to be any pressure of such offerings. Quota- bills, owing to the uncertain conditions abroad, and
tions are 5^ per cent for sixty to ninety-day endorsed the stringency in money here tended to deter purbills receivable, 5^@6 per cent for prime and 6 per chases.
Consequently the market was in a state of
cent and above for good four to six months' single partial suspense as regards business, with the tone
names. There is, however, very little business in weak for long and strong for short sterling. Like
paper below 6 per cent. Merchants can obtain all conditions prevailed on the following day, but on
needed accommodation at their banks at 5^@6 per Wednesday the market grew more settled though
The further advance in the
good their requirements business was dull.
are moderate, and there is no evidence that mercan- Bank of England minimum on Thursday tended
make the market strong for short bills
tile interests are at all embarrassed by the existing to
monetaty conditions. As above noted, shipments of while long sterling was steadier and the busimoney to the interior this week are reported to have ness gradually grew more active and the tone
Francs and marks, it may
been larger than ihey were last week. The Assay stronger thereafter.
noted, were weak after Wednesday.
Office has paid out 11,185,895 89 for gold received be
Comfrom Cuba and from domestic souices; Lazard Freres mercial bills are reported by no means plentiful.
have received about $3uO,000 gold from Europe, and Bankers state that market conditions here and in
$800,000 more is nearly due, and some money has Liverpool are such as to check the movement of the
staple and therefore spot drafts against cotton are
been received from California.
limited.
The grain bills which are coming forward
There has been increasing tension in Europe, and are promptly absorbed. There are indications that
more especially in Great Britain, this week over the credits in London have recently been greatly reduced,
The Boers appear to be con and there has been some covering of speculative and
Transvaal situation.
centrating on the border of their territory and threat- other transactions in sterling which will probably
ening important points in Natal, and a conflict may account in great part for the exceptionally strong tone
at any time be precipitated.
The most notable fea- for short bills, while a demand for prompt remittance
ture in the European financial situation this week has caused a sharp rise in cables. As a matter of
was the unprecedented incident of two advances in course the making of sterling loans is, for the
the Bank of England minimum rate of discount. present at least, suspended, as also is the importaThe first advance was, as already stated, made on tion of gold from London. Arrivals of gold at the
Tuesday from 3^ per cent to 4^ per cent, followed on Custom House for the week were $416,267, of which
Thursday by a second to 5 per cent. This latter $330,921 were from Europe.
movement was probably due to the fact that the
Nominal rates for exchange were quite generally
Bank had lost during the week nearly £2,000,000 bullion. The cable reports that the unofficial reduced for sixty day on and after Monday, while
discount rate in London promptly responded on those for sight were firmer. The range on Monday
Thursday to the advance in the Bank minimum, sixty was from 4 82 to 4 82| for sixty day and from 4 86 to
On and after Tuesday until Thursto ninety day bank bills rising to 5@5:^ per cent 4 86^ for sight.
against 4^@5 per cent on the previous day and 4 per day the range was from 4 81| to 4 82^ for the former
On Thursday
cent on Thursday of last week. The open market and from 4 86 to 4 86^ for the latter.
for
and
4
were
4
82
long
rates
81^@4
rate at Paris is 3 per cent and at Berlin and Frank86J for short,
fort it is 5^ per cent.
It should be noted that the and on Friday the range for short was from 4 86^
Bank of the Netherlands, at Amsterdam, advanced to 4 87. Rates for actual business opened on Monits official r<*te on Wednesday from -i^ per cent to 5 day one-quarter of a cent lower for long, compared
per cent
and on Tuesday the Imperial Bank of with those at the close on Thursday of last week, at
Germany advanced its rate from 5 per cent to 6 4 81@4 81^, while those for short and for cables were
per cent, as hereinbefore announced. According half a cent higher, at 4 85i@4 85^ for the former and
cent,
and
as collections are
;
from London, the Bank of Eng 4 86@4 86i for the latter, rates being adjusted, as
£1,899,778 bullion daring the week and above noted, to conform to the change in the London
to our special cable
land lost
held £32,693,932 at the close of the week. Our correspondent further advises us that the loss was due to
exports of £1,245,000 (of which £490,000 were to Egypt,
£400,000 to the Cape, £265,000 to South America,
£30,000 to Malta and £60,000 miscellaneous), to shipments to the interior of Great Britain of £904,000
On the following day rates for
discount market.
fell one-quarin long sterling
actual business
those for
ter of a cent, to 4 80|@4 81 i, while
one-quarter
of a
short sterling and for cables rose
cent, to 4
former and to 4 86i@
and though dull the tone was ir-
85^@4 85|
4 86^ for the latter,
for the
with long sterling weak and unsettled.
There was no change on Wednesday, but on Thursmarket.
day, while rates for actual business in long sterling
The dominating factor in the foreign exchange were unaltered, the tone for this class of bills was
There was, however, an advance of onemarket this week has been the London discount mar steadier.
ket, and the financial tension abroad seems, for the quarter of a cent in short sterling, to 4 85f @4 86,
moment, to have partially at least counteracted the due to the further rise in the Bank of England mininetf
and
to imports of £309,000
bought
in
the open
regular,
I
OoroBER
THE CHRONICLK
7, 1899.J
mum, and
to the
also
covering
movement above
'secured
its
721
chief purpose admirably.'"
The "San"
adds that "the fact is that, so far as the purpose of
an
inquiry
for
rethe National Bank system was to provide a market
caused
by
86|@4 87,
mittance.
The market was quite strong on Friday^ for Government securities, it failed lamentably."
We suppose it will be admitted that Secretary Chase
rates for actual business advancing half a cent for
long and short and one- quarter of a cent for cables. is as good a witness as we could call as to (1) what
The following show daily posted rates for exchange his chief purpose was in planning and proposing to
Congress the National [Bank currency system, and
by some of the leading drawers.
EXCHANGE.
POSTED
RATES
FOB
FOREIGN
DAILT
(2) whether that purpose was gained; that is whether
the plan worked as he anticipated it would. The
Thue., MON., TUES., Wed., THtm.. FBI.,
Oct. 3.
Oct. 4.
Oct. 5.
Sept. 27. Oct. 2.
Oct. 6.
" Sun " tells us that the Bank Act was passed Febnoted, and there was a sharp advance in cables of half
a cent, to 4
Brown Bros
Barine,
Magoun & Co..
Bank British
No. America...
Bank of
60 days.
(Sight...
5 60 days.
4 82J^
486
483
82
86
82
)
Sight....
4 86J^
86^
5
60d>»ys.
4 82^
4 86
83
82
5
JSiuht...,
)
60 days.
483
824
'
Sight....
4S6J^
86
82
81^6
81^
86
82
8^1^
86
82
81 li
86H,
82
86^
81H
80H
81«
86
82
86
82
86
82
86
82
8&^
82
86 .^
82
82
87
82
ruary 25 1863.
Secretary Chase proposed the law in
December 9 1861, and again in his reDecember 4 1862. In the latter document
(Dec. 4 1862): "In order to the formation of
his report of
83
87
82
port of
he said
sound opinions as to the measures required for meet4 86}^
sight..
86«
of Commerce.
86>^
86><
86^
86}^
82
82
82
Heldelbach, Ick (60 days. 4 82^
82
82
ing the demands disclosed by the estimates * *
eljbeimer & Co. iSiKDt.... 4 86
86«
86^
87
86J^
86>i
81 1^
(60 days. 4
82
82
811.^
8»^
the Secretary proposed to Congress at its last session,
Lazard Freres... JSlKhL..., 4 86
86
86
86
86 hi
86!^
60 days, 4 83
Merchants' Bk.
821^
82
82
82!^
82>^
such measures as seemed to him best adapted to the
.1 Slgbt..., 4 86^
86
86
of Canada
86
87
86H
attainment
These were " [the Secreof that object.
The market closed strong on Friday, with rates
tary specifies five measures of which the last one was]
for actual business 4 81:|@4 8H for long, 4 86i@4 86^
for short and 4 87@4 87^ for cables.
Commercial "(5th) the negotiation of loans faciliiatedhj the organon banks 4 80^ @4 SOJ and documents for payment ization of banking associations whose circulation should
Cotton for payment 4 80@4 80i, cot- consist only of notes uniform in character furnished
4 80@4 81^.
ton for acceptance 4 80i@480f and grain for payment by the Government and secured as to convert ibilitif
into coin by United States bonds deposited in the Treas4 8U@4 SH.
ury." It strikes us that Mr. Chase has clearly stated
The following statement gives the week's movement in the foregoing that the chief object he had in proof money to and from the interior by the New York
posing this bank-note system was to "facilitate"
banks.
(that is, to aid in providing a market for) "the negoReceived hy
Shipped by
Net Interior
tiation of loans."
la January 1863 the Finance ComWeOf Bnilimg October 6, 1899.
JV. T. Banks. N. T. Banks.
Movement.
mittee of the Senate consulted with him further on
Onrrency.
^,668,000
$5,513,000
Loss. $1,845,000
the subject of the ways and means for providing the
Gold
1.341,000
1,899.000
Loss.
558,000
Total gold and legal tenders.
On that occasion and
$5,009,000
17,412,000
Loss. $2,403,000 funds to meet war expenses.
under
date of the 7th of January, Secretary Chaae adWith the Sub-Treasury operations the result is as
dressed to that committee a letter, the closing parafollows.
graph of which was as follows
"No measure, in mj
Into
Out of
Net Change in
Week Ending October 6, 1899.
Banks.
Banks.
Bank Holdings.
judgment, will meet the necessities of the occasioB.
Banks Interior movement, as above $5,009,000
$7,412,000
Loss. $2,403,000 and prove adequate to the provision of the great sumi
Sab-Treafinry operations
18,200,000
19,700,000
Loss. 1,500,000
required for the suppression of the rebellion whick
Total gold and legal twiders.
$23,209,000
$27,112,000
Loss. $8,903,000
does not include a firm support to public credit
The following table indicates the amount of bullion
throvgJi the establishment of a uniform national cirin the principal European banks.
culation secured by bonds of the United States." A
October 5, 1899.
October 6, 1898.
few weeks after this letter was written (that is, on
Banktif
February 25) the National Bank Law was passed.
Gold.
Silver.
Total.
Gold.
SUver.
Total.
How satisfactorily the law worked we are also told
£
£
£
£
Sn gland
32,692, 932
32,692, 932 31,746.942
31,746,942
by Mr. Chase in his report sent to Congress December
France
76,580, 331 47, 304,427 123,884, ,658! 74,320,536 49,849,964 124,170,500
Germany .... 22,660,,000 11 ,674,000 34,334, 000, 23,962,000 12,344,000 36,306,000 10 1863.
On that point his words are conclusiveR«B8ta
89,648, OOO]
884,000 94,532,,000102,752,000 3,859.000 106.611.000
"The Secretary recommended," he says, '^'in two sucAuat.p-HuBK'y 36,755. 000 12, ,646,000 49,401, OOOJ 35,154,000 12,530,000 47,704,000
Spain
13,439,.000 13,,831,000 27,270,,000 10,875,000 5,352.000 16,227,000
cessive reports the authorization of national banking
Italy
15.507,,000
427,000 16,934,,000 14,694.000 2,204.000 16,898,000
*
*
*
associations.
Nether) and 9..
Tj^g sanction of Congress wa«
2,742,,000
,927,000
8,669,,000
4,314.000 6,750,000 11,064.000
Montreal
Canadian Rank
5 ""o
days.
483
86«
82
i
82'.lJ
:
.,
4,
Nat.Belg'mi...
2,907,,000
,454,000
4,361,,000
2,777,000
1,389,000
4,166,000
Tot. this week 292.931.163 99,147,427 392.078,590300,595.478 94,297.964 394.893.442
Tot. prev. w'k 300,865.473 101532907 402.398,380'304,885.310 94.632,714 399,518,024
SECRETARY CHASE'S PURPOSE IN
OREA TING NA TIONAL BANK NOTES.
Our esteemed neighbor, the editor of the "Sun/'
takes us to task for what we stated, last week, to be
the chief object Secretary Chase had in view in planning the National Bank system of notes, and for saying
that the device worked to the Secretary's satisfaction.
That journal says "An ancient and long-since refuted
statement is revived in last week's ' Commercial and Financial Chronicle.' The 'Chronicle 'informs its readers
that the National Bank system was planned during
the war between the North and South, 'when Government securities were at a very low price, mainly to
provide a market for those securities,' and that it
:
given to the views at the last session; and the simple
assurance thus given that henceforth the country i«
to have a national currency secured by the pledge of
national bonds
*
*
*
at once inspired faith in
the securities of the Government,
and more than any
other one cause enabled the Secretary to provide for
the prompt payment of the soldiers and the public cred-
In the light of these statements of Secretary
Chase, so broad and unequivocal in their character, it if
difficult to understand by whom or on what authority
their teaching has been "refuted."
Certainly they
put beyond question both the Secretary's intent in
proposing the Act and the exhilarating response the
itors."
bond market gave
No
as soon as passed to that intent.
could be wished for on either
;
and no more positive way could have been
chosen of testifying to the admirable fitness of the
device to the needs of the occasion than that in thos«
better evidence
point
THE CHRONICLE.
722
[Vol. LXTX.
anxious days of 1863 it at once "inspired faith in
Of course no one needs to be told that in 1865, as
the securities of the Government^' and " enabled the the war neared its close, the circle of buyers widened;
Secretary to provide for the prompt payment of the or that after the struggle ended and faith in the
soldiers and the public creditors/'
power of the Government to sustain itself was thor*'
"
But the Sun assumes to support its pretension oughly established, that investors at home and abroad
by citing figures
bond holdings by the banks
and comparing those figures
with the total of the " Government securities " outstanding at the same dates. Those matters have no
bearing on our assertions. If no other circumstance
shut them out of this discussion, the fact that the
remarks we made with reference to the purpose of
the law were limited to the period when "planned"
would be suflBcient to do so. Besides we expressly
aflBrmed that the note system had later grown " out
of character with the conditions it was originated
of the
at various later dates,
meet."
Consequently the claim we made has
been fully justified by the citations quoted above.
In any case, however, even had we given a longer
sweep to our remarks, the total of " Government
securities" already (at the time of the passage of
the Act) outstanding could have nothing to do with
the matter at issue. They were only in very small
part on the market ; the large body of them had been
to
placed.
What Mr. Chase wanted,
therefore, was not buyers
He
sought to
cultivate a new faith in the Government issues by creating a new purchaser that had not been loaded up with
them a purchaser whose capacity for absorbing bonds
would very likely be exaggerated so as to encourage
competition and induce a sort of rivalry in the marNaturally enough it was the immediate future
ket.
about which monetary circles were solicitous. Hence
Mr. Chase's thought chimed in with the public sentiment in being fixed upon the prospective bond issues
that he knew he would be required to put out to
supply current demands for funds to pay the soldiers
and meet other war expenses. It is likewise a fact,
and cannot be controverted, that the banks did take
from the date of the passage of the law to the close
of the war in the early part of 1865 a very large proportion of the new bonds issued and thereby did cre-
for those securities already emitted.
—
—
new faith and did stimulate the market for
Government securities."
Corroborative evidence that the new purchaser
which the National Bank currency law created and
installed as a factor in the Government bond market
ate
*'
affected the
market favorably
is
not far to seek.
If
the fact were simply that there was no decline in the
price of United States bonds in 1883 and 1864, with so
large an
of
new
amount
of similar securities outstanding
issues of
bonds
all
and
the time being called for
would be proof of the
infusion of new strength from some source. In this
case, not only was there no decline in the years named,
but there was an actual advance. That last statement is incorrect in one particular. There was a de.
The 68 of 1881 sold as high
cline in .January 1863.
as 103 to 104i in November 1862 and 102^ to 104f in
December of that year; but in January 1863 the price
fell (coupon off) to 98 to 99, rising, however, the next
month (towards the close of which, February 25, the
bank currency act was passed) to 102| and closing the
year at 108| to 110. The 7 3-lOs (A & 0), which were
first quoted in January 1863, sold that month 100 to
In 1864 the
103 and closed the year at 106^ to 106^^.
6s of 1881 ranged during the closing month of the year
at 112f to 118 and 7 3-10b (A & 0) at 116;^ to 123f.
and added, that
fact of itself
multiplied
began
to decrease so that the army of investors found it
necessary to re-invest when the supply was contracting, that new influences were dominant. "We need not
dwell upon any of those incidents.
They are fresh in
the minds of even the younger readers, and have
no relevancy in this discussion.
;
or that later
still,
as the total debt
LOUISVILLE & NASHVILLE REPORT.
Study of the annual report of the Louisville &
Nashville Eailroad Company, submitted this week,
confirms the favorable impression made by the early
preliminary statement furnished some time ago. The
shareholders of the company are now getting the
fruits of the far-sighted policy which the management
have been pursuing in recent years. After having
gone without a return since 1893, they are now again
receiving regular dividends, the company having paid
1| per cent last February and the same amount with
one-half of one per cent extra in August.
This, though, does not mark the full measure of
the change which has occurred.
In the interval the
physical condition of the property has been raised in
accordance with the most advanced standards, very
extensive improvements
and betterments having
been made out of earnings, and at the same time
the finances placed in excellent shape.
When the
company suspended dividends in 1893 it was evident
not only that a period of depression was ahead, but
that new traffic and operating conditions would have
to be faced.
,The intensity of competition as well as
the prostrate state of industrial affairs clearly pointed
to steadily declining rates as
of
the
near
future,
company which
and
among the
indicated
certainties
that
the
was not prepared to move a
tonnage at a minimum of cost
was bound to fall behind in the struggle.
The
managers evidently foresaw what was coming.
At all events they made some important modifications in their previous methods and policy.
Like
most other roads the company had been charging considerable outlays for improvements and additions to
capital account.
It was determined thenceforward
to charge all outlays of that kind against earnings.
Accordingly, on the 1st of July 1894 the so-called
Construction Account was definitely closed, and has
since then remained closed.
At first, during the depression of 1893-4, retrenchment and economy were necessary in all directions,
owing to the great prostration of trade and the tremendous way earnings were falling off.
So for a time the
company found itself obliged to discontinue altogether
contemplated additions and betterments, and to reduce ordinary repairs and renewals to a minimum.
As a result of the same circumstances the pay of
officers and the wages of employes had to be reduced.
But soon business and earnings showed recovery, and
then the company resumed making liberal outlays for
additions and betterments, and began to pay for them
In 1894-5 |;279,583 was so
entirely out of earnings.
appropriated out of earnings and included in expenses; in 1895-6 the amount was $617,342: in 1896-7,
$546,571; in 1897-8, $659,950, and in the late twelve
maximum
of
October
THE CHRONICLE.
7, 1899.]
months $517,784, making over two and
dollars for the five years.
Nor does
a-half million
this represent the
which the property has been improved
out of earnings. In addition to these amounts directly charged against earnings, the company has had
larger or smaller amounts of surplus income each
year (over and above its fixed charges), and by withholding these amounts from the shareholders, instead
of distributing them in the form of dividends, has
had this much more available for the improvement
of its physical and financial condition.
A statement
of the combined amounts employed in this way will
be interesting, and we have accordingly prepared the
following table. For the late year we have taken
the surplus income remaining after providing for the
full extent to
723
At the same time the company
is
able to serve the
Few
public at lower rates than ever before.
people
how
great has been the decline in the rates of
transportation during the last few years in the case
realize
even of such a system
Prior to 1898-9 the
largest earnings) was
was still able to get an
as the
Louisville
&
Nashville.
the year of
1892-3 ; in that year the road
average of 9-32 mills per ton per
best year
(that
is
mile; for the late year the average was but 7*29 mills.
This shrinkage of 2 '03 mills
is
equal on the tonnage
and net, of about
from which one can judge of its
of 1898-9 to a loss of revenues, gross
4| million dollars,
importance. Had not the company spent so freely
for improvements, thus increasing its efficiency in
the movement and handling of traffic, the result
One way in which the road
3^ per cent dividends paid to the shareholders out of must have been serious.
the earnings of the twelve months.
was able to overcome this loss in average rate will be
Improvement
Surplus
evident when we say that in 1892-3 the train-load was
Fiscal Tear.
Total.
Account.
189t-5
1895-6
1896-7
1897-8
1898-9
$279,583
617,342
546,571
659,950
517,784
Income.
$700,585
1,377,503
979,180
1,632,902
778,900
$980,168
1,994,845
1,525,751
2,292,852
1,296,684
had been increased
to 205 tons counting only revenue freight, and to 219
Of this addition to
tons including company freight.
only 166 tons, while in 1898-9
it
the train-load 12 tons occurred during the twelve
months ending June 30 1899.
Both gross and net earnings in 1898-9 exceeded
Here then are over eight millions of earnings
that went into the property in one shape or another those of any previous year, though in the case of the
during these five years. And this is on the most con- net the total was only a trifle above that for 1892-3,
servative basis.
When the management closed the owing to the inclusion of the improvement outlays in
Construction Account, they also made a number of expenses now. In the gross the increase as compared
other changes, and the income showing is now with that year is 1^ million dollars, notwithstanding
stated in accordance with very strict methods.
For the great decline in the rate received in the interval.
instanc-e it was not formerly the practice to charge This shows what an enormous expansion has occurred
income account with sinking fund payments sine e in the volume of traffic in the interval. As a matter
July 1 1894 however, the company has every year of fact the company moved 2,230 million tons one
charged the difference between such payments and mile in 1898-9, as against only 1,595 million tons in
the market value of the securities received for the 1892-3, an increase of almost 40 per cent in the six:
various sinking funds.
For the late year this item years. As compared with 1897-8 the increase in gross
amounted to $123,400.
An Unfunded Discount earnings has been If million dollars and in net earnaccount has also been created, against which is ings one million dollars. The company earned $2,$2,621,230
$5,469,070
$8,090,300
;
charged the discount on bonds sold, a pro rata proportion being taken out of earnings each year so as
to wipe out the discount by the time the bonds
mature.
Previously such discount was charged to
Cost of Road ; $48,579 was deducted in this way in
the late year before arriving at the surplus income
for the twelve months.
Then also in some of the
years there were some very exceptional deductions.
In the first year above given (1894-5) nearly seven
hundred thousand dollars (in exact figures $697,669)
was deducted, representing balance of advances to
the South & North Alabama RR. marked off.
The
latter, being only a book-keeping item, did not consume earnings, so the surplus income, instead of being only $700,585 as in the above table, was in reality
double that amount. But the showing is sufficiently
striking as it is, and the total reached of $8,090,300
serves to afford an idea of what has been going on
during these five years and how greatly the condition
and standing of the company have been improved.
The result is that now that business prosperity has
returned and earnings are expanding, the company
finds itself able to take advantage to the full extent
of this favorable situation.
Nor do the benefits
accrue to the shareholders alone. We have stated
above that following the panic of 1893 it became
necessary to reduce the salaries of employes.
Before
beginning dividends the company restored in full the
old rate of pay, restoration being made July 1 1898
626,900 in excess of
charges for the twelve
months, after allowing for sinking fund payments,
for which no bonds were received, and various other
items, such as unfunded discount, &c.
The diviits fixed
dends of 3^ per cent took $1,848,000, and over and
above the call for that purpose there remained a surplus of $778,900 on the operations of the twelve
months, equal to 1^- per cent more on the $52,711,520
of stock outstanding.
It follows that about 5 per
cent was earned for the shares during the twelve
months.
Barring untoward developments not now looked
for, the prospect is for still better results during the
current year; this is so because general trade continues active and important advantages must result from
the condition of the iron trade, which is experiencing
extraordinary prosperity in the South as elsewhere. For
the two months of the new fiscal year (July and August)
gross records an increase of $761,816 and net an increase of $425,155.
For September the gross only is
known as yet, with a gain of $376,979.
THE PLAN FOR ASSESSING FRANCHISES.
There has been so complete uncertainty in the public mind, since the enactment of the Ford FranchiseTax Bill, as to how this tax would be assessed, what
corporations it would actually affect, and how heavy
the individual burden of any given company would be,
to the extent of one- half of the respective reductions
that the publication this week of the expert counsel's
report and of its endorsement by the Tax Commis-
and January
sioners
1 1899 to the extent of the
other half.
comes
as
an undoubted
relief.
Our readers
THE CHRONICLE.
724
ill remember that the Ford Law, as it finally passed
last May, provided in general terms that a certain
property right in franchises should
be taxed as real estate. Citing the general tax law,
the new Act prescribed that *'the terms 'land,' *real
estate ' and ' real property,' "' as therein used, should
include "all surface, underground or elevated rail
elass of intangible
roads, including the value of all franchises, rights or
permission to construct, maintainor operate the same
in, under, above, on or through streets, highways and
Street-franchise rights enjoyed by
public places."
water, gas,
oil,
brought
similarly
power or electric companies were
under the real-estate tax pro-
heat,
Tisions.
We
pointed out, in discussing the Ford bill at
it was very easy to declare by
that these intangible property rights should be
sessed and taxed like real estate, in actual fact
time, that while
task
was impracticable.
With
real
estate
it is
the
law
as-
the
always
some trustworthy
neighboring property will
have changed hands at a price which may be ascerpossible for the Assessor to obtain
Taluation.
Adjacent or
tained; or, in default of this,
it is
at least possible in
the case of improved realty to learn what net income
its owners by the property in question,
by property similarly situated. At best the assessor must proceed in many cases on the basis of
guess- work.
But even in such cases the law provides
is
yielded to
01-
[Vol. LXIX.
ests of the tax-p yers,
and
Legislature will do what
in the end,
we suppose, the
ought to have done in the
beginning refer the whole question to a board of competent and experienced students of taxation, and use
the conclusions of his board to frame a proper law.
The report of the Attorney General's special counsel, Mr. J. Newton Fiero, as a result of which the tax
commissioners have abandoned the attempt at immediate application of the law, is a clear and comprehensive document, whose reasoning might have been
followed out with profit, some months ago, by Senator
Ford and other advocates of the law. The report is
inevitably vague and uncertain in its suggestions as
to what means the Tax Commissioners may properly
employ in taxing special franchises. But it is very
clear, and herein lies its undoubted value, in showing
what methods of appraisal are not proper. It was the
more necessary to demolish some crude and haphazard
theories as to the law's execution, because the Ford
bill from the start was identified
with a plan of
operation dangerous in its unknown possibilities,
and all the more dangerous because its exposition
had a plausible sound to inexperienced minds. No
method of assessment has ever yet been officially
it
—
outlined
author
forth
in
of
his
connection with the bill.
the statute lost
no time
own
ideas
as
to
its
But the
in
setting
operation.
"The
market value of the stock in a com.
for a rectification of mistakes.
If the assessor, using pany," Senator Ford explained in repeated public
the basis of appraisal above described, fixed on a piece interviews, "plus the market value of its indebtedof property a rating above the genuine market level, ness, is equivalent to the total value of all the assets,
or above its earning capacity, it was open to the tangible and intangible
the investment of the comawner to contest the appraisal ^in the courts and to pany and the public franchise possessed by the comUnder the law as it stands it is the duty of
secure its modification by use of the very means of pany.
judgment to which the assessor makes appeal.
the assessors to appraise and place a valuation upon
means
estimating
such
of
actual
values
all
the tangible assets of the company. They can
No
can be
found in the case of a franchise to use or occupy the also easily find, from quotations on the Stock ExPublic franchises do not, like real estate, change daily, the price of the securities of the comstreets.
Depass intact from hand to hand; if they do change own- pany, and therefore the total value of its assets.
aggregate
—
ducting therefrom the value of the tangible propThe price erty|there remains the value of the intangible, or the
paid for such a transfer may indeed be known; bat public franchise.''
It is not our intention to review the many and
the price will obviously cover, not alone the franchise
objections
to this apparently simple
right, but the buildings, equipment, and tangible convincing
general,
They
are
sufficiently
familiar to our readers,
along with the very intangible scheme.
property in
How was the most and the course of the stock market itself, since Mr.
asset known as -'good- will."
astute and experienced of assessors to separate and Ford first unfolded his plan of assessment, has reinIs the assessor, under such
forced every one of them.
define these several elements of value?
The public statement made by the State Tax Com- a plan, to assume that "all the assets, tangible and
missioners this week shows that they have not yet dis- intangible,'' represented by the Brooklyn Rapid TranThe most that they can say is sit's $43,000,000 stock are to be valued at the $137
covered how to do it.
that they ''have not yet adopted any plan or method per share which the stock seemed to bring in last
fixing valuations of special franchises," and last April's open market, or are they worth no more
for
that therefore further conferences will be neces- than the $75^ per share at which some of the stock
Is the $3D,000,000 stock
sary with the (rovernor, the Comptroller, the Attor- was sold in September?
ney-General, and the legislative committee.
Con- of the Consolidated Gas Company worth the $333 at
sidering how soon the taxes are to be assessed, which some of it changed hands on March 11, or
be said that the position of the public must the price of $163, recorded for June 6, be acit must
authorities is singular; yet we are not disposed to cepted in the reckoning? Is the Metropolitan Street
blame them, for we believe now, as we believed last Railway stock properly taxable at 369, its high price of
May, that in asking them clearly and distinctly to 1899, or at 135^, its low price of 1898? In none of
apply to special franchises the assessment plans and these three cases have the tangible assets of the comprecedents familiar in the case of real estate, the Leg- pany been changed in actual value, except so far as
We do not know how new acquisitions were represented by new stock. Apislature asked impossibilities.
parently, then, on Senator Ford's presumption, the
the matter will end, but we suspect that under pres
sure of necessity some makeshift system, good or bad, value of the franchise privileges of the Brooklyn trolley
and remote enough from the intent and provisions of combination must have doubled between January and
If the basis se- April 1899, and have been cut in two again between
ihe law, will be hastily patched up.
ership, it is ordinarily because the entire corporation
using the public franchise has been sold.
lected
is
unjust, the courts will take care of the inter-
iVpril
and September.
_,
I
October
7,
THE CHRONICLE
1899.]
725
Every intelligent man familiar with the history of portation systems in the United States. It needed
speculative markets knows how absurd the supposi- only a period of auspicious circumstances like that of
He knows that the shares of each of these 1897-8 to demonstrate how quickly the company
tion is.
companies were either enormously over-valued in the would retrieve itself when the time came. The experione month or enormously under-valued in the other. ence of 1898 9 has served further to emphasize and
He is aware, also and this is a fatal argument against confirm popular estimate of the strength and great
final appeal to Stock Exchange valuations
that the earning capacity of the property.
high prices were not, and could not have been, ob
As compared with the twelve months preceding,
tained if any considerable part of the actual invest- the changes in income are not on the whole very
ment holdings of the stock had been offered to the great.
The company earned $43,389,425 gross in
bidders, and that the extreme low price was reached 1898-9 and $42,800,162 in 1897-8, and it earned §15,because at the moment some one was forced to sell his 253,960 net against $14,089,276. It may perhaps be
holdings and had trouble in finding buyers.
The dif- deemed surprising that the addition to the gross
ference between values thus attained and values fixed should have been comparatively so small, but let it
by a sale of real estate is obvious. We do not limit not be forgotten that this addition comes on top
ourselves to saying that such valuations are an im- of a very great addition the previous year, the comperfect method of tax appraisal.
It seems to us that pany having in that year enlarged its gross over 1^
no more completely untrustworthy method could be million dollars. In other words, at #43,389,424: for
contrived.
In practice it would be bound, indeed, to 1898-9 the gross compares with -$35,526,186 two years
injure both interests to the tax assessment.
The cor- before, in 1896-7. The gain of 7^ million dollars in
poration would be unfairly and unduly burdened by 1897-8 reflected in part general trade revival, but it
assessments levied when a speculative craze had also reflected crops of exceptional dimensions, with a
turned men's heads the public would, for the same prosperous state of the farming industry such as had
reason, fail to get adequate value for its tax if the not been experienced before in years.
rolls were drawn up in a money panic.
During 1898-9 trade revival made further and very
Mr. Fiero has been very fortunate, and has rendered decided progress, but, as it has happened, the crop
a real service, in bringing to light important decisions situation was not quite so good. By this we mean that
of the State Judiciary on this very point, decisions the high prices for grain realized in 1897-8 were not
which dispose once and for all of Senator Ford's repeated in 1898-9, and that the grain harvest in 1898
theories.
We can do no better, in concluding, than in the territory traversed by the Burlington & Quincy
to append one or two pregnant citations from these lines was not equal to that of 1897.
There was no
passages
disastrous shortage such as has happened once or
" In the Metropolitan Railway case. 146 N. Y. 3C4, the as- twice in the country's history, but the yield as a whole
sessors, in arriving at the valne of the capital stock and taxable assets of the Metropolitan Railway Company, took as a fell considerably below that of the year preceding.
basis the amonnt of the outstanding mortgage bonds cover- For confirmation of these remarks we may refer
ing the property of the company. The assessment was
vacated and a reassessment ordered, and in discussing the more particularly to the statistics relating to the corn
point referred to the Court says: 'Again, the method pre- crop
corn being such an important item of traffic
sented by the respondents' counsel involves the presumption
with the Burlington & Quincy. According to the
that the indebtedness of the corporation represents property
to the amount of such indebtedness, in addition to that rep- figures prepared by the Agricultural Bureau at Washresented by its capital stock. This presumption cannot be
ington, the corn product of 1898 in Iowa, in which
indulged. The indebtedness may have been incurred for
operating expenses, wages of employes and material used the Quincy has a very considerable mileage, was a little
up. It may represent property worn out, decayed or burned
larger than for 1897, though by no means equal to that
up during the
—
—
;
—
existence of the corporation.*"
for 1896 (the figures being 255 million bushels for 1898,
And
again
"In the Coleman
case. 126 N. Y., Judge Finch distinctly
repudiates the idea that the value of the shares of stock of
itself under ordinary conditions is a fair measure of the value
of the corporate property. Be says, at page 43"*, that the
actual value of the capital stock of the company may be
much less than its nominal or par value, " while yet the share
stock, strengthened by hopes of the future and the support
'
of earnings, may be worth its par or even more.' * '
The stattment of the learned judge approved in the Coleman
case is as follows
There is no property so liable to gambling and speculation as stock in corporations. Its value is
often unknown to the large number of holders, because those
having leading interests and concerned in the management
conceal such value for their own private purposes. Stocks
may be, and frequently are, inflated or depressed by those
who wiiih to sell or to buy. They are subject, moreover, to all
the vicissitudes of the monej' market. They go up or down
in the fullness of expectation and hope of to-day or in the
panic of to-morrow. Actual value is the result to be arrived
at, for such are the words of the statute, and the inquiry,
therefore, must have a primary regard to the property and
estate which alone impart such value.'
220 millions for 1897 and 321 million for 1896), bat the
crop of Nebraska, in which the system also has a large
mileage, was only 159 million bushels, against 241
million bushels in 1897 and 298 millions in 1896; wbil3
'
:
'
was 154 millions, against 171 millions and 176 millions respectively, and in Illinois 199
millions, against 232 and 284 millions.
The company's revenue returns quite accurately
in Missouri the crop
portray the situation here outlined.
from passengers increased no
As
less
The earnings
than ^1,315,976.
$926,776 increase from the same
branch of the service in the year preceding, it will be
obvious that the stimulus must have come from business prosperity, though very likely the holding of the
this
follows
Trans-Missouri Exposition contributed somewhat to
swell the increase.
On the other hand, the freight
revenues actually decreased $1,272,698 as compared
CHICAGO BUELIA'GTOI^ d- QUINCY.
with the year preceding. Except for what we have
It is hardly necessary to say that the Burlington & said with reference to the smaller crops, this loss
Quincy makes an excellent showing in its annual re- might be difficult to explain. But there is still anport.
So much would of course be expected, given other circumstance to take into the reckoning,
favorable conditions, in the case of a property of such namely the decline in rates.
The report conexceptional strength under a tried management and tains no statistics showing the diffeient classes
with such an established record of large earnings. of freight, but
classes
the increase in those
Through the trying period succetding the crisis of which reflect growing trade-revival must have over1893, the road suffered in common with other trans- balanced the loss from reduced crops, and yet not
THE CHRONICLE.
726
enough
contempora- lowing
so to offset in the revenues the
neous shrinkage in rates. The tonnasie movement
one mile for 1898-9 was about 2^ per cent larger than
for the year precediog, the figures being '6/673 million
tons, as against 3,295 million tons; but as this was
attended by a decrease in the average rate received of
fully 6 per cent, there ensued the loss in freight revenues already noted. The company realized only 8-61
mills per ton per mile in 1898-9, against 9-19 mills in
1897-8.
We
dwell upon these features merely for better
elucidation of the report.
The income showing as a
whole
is
so strong
and
satisfactory that
sufficient to state the results
[Vol. LXIX.
it
might be
without any attempt at
comment. Briefly, the company had an available net
income of $6,728,299, while the call for the 6 per
cent dividends paid was only $5,238,370, thus leaving
a balance of nearly 1^ million dollars ($1,489,929)
over and above the requirements for charges and the
But this does not tell in full the encouraging nature of the showing. For the company,
as in past years, made very heavy sinking-fund payments, and these were all provided for before arriving
at the above result.
The sum of $523,755 was
appropriated directly from earnings for the sinking funds, and in addition there was an accre
tion of
$G19,563 more
from the accumulation
of interest on bonds held in the funds and
pui«hased with previous contributions of earningfe.
Altogether, therefore, the sinking funds received $1,143,318 during the twelve months.
Yet
notwithstanding these large payments, there was a
balance above the dividends, we have seen, in amount
of $1,489,929.
This balance and the sinking fund
payments combined represent nearly 3 per cent on
the $93,724,000 stock outstanding June 30 1899. In
other words, in addition to the 6 per cent given to the
shareholders, these items amount to nearly 3 per cent
more. President Perkins outlines the new extensions
which the company has in contemplation or under
way (these representing a considerable mileage in the
aggregate) and reference is also made to the purchase
of the Chicago Burlington & Northern and other
roads in accordance with the plans announced last
April, under which some new stock and bond issues
are to be made for the purpose of taking up other
dividends.
are members of the Clearing- House Committee for
the current year: Edward H. Perkins, Jr., President Importers'
Traders' National Bank; Edward E. Poor, President
&
National Park Bank, Frederick D. Tappan, President Gallatin National Bank; Henry W. Cannon, President Chase
National Bank, and J. Edward Simmons, President Fourth
National Bank. Scott Foster, President Peoples Bank, is
Chairman of the Conference Committee; Charles H.
Fancher, President Irving National Bank, Chairman of the
Nominating Committee; Stuart G. Nelson, Vice-President
Seaboard National Bank, Chairman Committee on Admissions, and Damont Clarke, President American Exchange
National Bank, Chairman of the Arbitration Committee.
The Manager's Annual report shows that the transactions
for the year ending October 2 were beyond all precedent.
The exchanges were |57,368,230,771 33 and the balances were
$3,085,971,370 53. The average daily exchanges were $189,961,029 04 and the average daily balances were §10,218,448 24,
figures which have never been exceeded during the history of
the Clearing House. The largest exchanges on any one day
in the year or iadeed on record were $353,882,566 88 on April
11; the largest balances on any one day or on record were
$19,340,997 23 on May 23; the smallest exchangeson any one
day were $83,595,577 17 on Aug. 28, and the smallest balances
on any one day were $4,618,590 30 on November 28, 189S.
The Association is now composed of 44 National and 19
State banks. As is well known, the Assistant Treasurer at
New York also makes his exchanges at the Clearing House.
There are likewise 7S banks and trust companies in the city
and vicinity, not members of the Association, which make
their exchanges through banks that are members
—A new trust company is being organized in this city by
Edmund C. Lockwood, with a capital of $1,000,000 and a
paid-up surplus of $1,000,000, and it will be known as the
Trust Company of New York. The incorporators are George
W. Quintard, of the Qulntard Iron Works; William A.
Brewer, Jr., President Washington Life Ins. Co.; Jonathan
B. Curry, President Metropolitan Savings Bank; James Talcott, dry goods commission; Charles E. Sprague, President
Clare oce Whitman, of
Union Dime Savings Institution
Clarence Whitman & Co., white goods; Thomas P. Fowler
President N. Y. Ontario & Western Railroad Co. W. Rockhill Potts, of F. A. Potts & Co.; James Jourdan, PresidentBrooklyn Union Gas Co.; R. L. Edwards, President Bank of
the State of New York; Daniel A. Heald, President Home
Insurance Co.; Warner Van Norden, President National
Bank of North America in New York; Willis S, Paine exSuperintendent of Banking State of New York and first
president of the State Trust Co.; Charles M. Swain, President City Trust & Safe Deposit Co. of Philadelphia; Smith M.
Weed, President Chateaugay Ore & Iron Co. Henry F. Shoemaker, Vice-President Cincinnati Hamilton & Day ton Railway Co.; John E. Searles, ex Treasurer of American Sugar
Refining Co. and President of American Cotton Co. and of
issues.
the International Trust Co. of Baltimore, Md.; Elward V.
Loew, ex Comptroller of New York Citj' and President of
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S. German-American Real Estate Title Guarantee Co Henry
The sales of bank stocks at auction this week amount to C. Brewster, President Traders' National Bank, Rochester,
201 shares. No sales were made at the Stock Exchange. N. Y., and Ernst Thalmann, of Ladenburg, Thalmann & Co.
The sales of trust company stocks aggregate 201 shares, all Mr. Paine will be President of the new company.
;
;
;
;
—
The
public sale of the recently-incorporated
Bankers" Trust Company was made on Tuesday, 50 shares
selling at auction for 239.
at auction.
first
"Basks— New York.
Price.
24bi2
50 Broadway Bank, Natioual
30 Bui ohers' & Drovers' Bank, Nat...
90
26134
86 Manhattan Co., Bank of the
220
10 Mt. Morris Bank...
202
25 North America, Nat. Bank of
B^ares.
Last previous sale.
Bept. 'f>9— 248
Aug. '99—
SS^s
Sept '99— 261
May '99— 275
Sept. '99— 206
Thust Companies— A^sw York.
25 America, Trust Co. of
240
239
50 Bankers' Trust Co
SSoio
5(;ityTrii9tCo
1421
3 Farmers' Loan & Trust
30 International Banking .feTrust.... 163
N.
1460
30
y. Life Insurance & Trust
168
1 North American Trust Go
200
50 Produce Exchange Trust Co
TtiVHT
245i2
July '99-
261
S^SU
Aug.' 9-1435
Sept. '99— 155
Aug. '99— 1500
Sept. '99— 174
Bept. 'fa 9— 200
COMV ATfivs—liroolUyn.
10 Hamilton Trust Co
—The
Sept. '99—
First sale.
Sept. '99—
265
annual meeting of the New York Clearing House
Association was held on Tuesday, when the following offi-
—
The organization of a new stock commission house is announced under the firm name of Ladd, Wood & King for the
conducting of a general commission business in bonds and
stocks and in investment securities at 31 Pine St., New York.
Messrs. Ladd and Swan were partners in the firm of Wood,
Huestis & Co., which has been dissolved, Mr. Huestis continuing business on his own account. Mr. Willis D. Wood
a son of Cornelius D. Wood, founder of the house of Wood
& Davis, to which Wood, Huestis & Co. succeeded, and Mr.
C. D Wood is now a Vice-President of the Union Trust Co.
Mr. King is a son of Elward King, President of the Union
Trust Co.
is
—
The report which was current last week that a large
block, consisting of 7,000 shares, of the capital stock of the
Bank of Chicago had been sold, is confirmed.
The stock sold was part of the holdings of Samuel M. Nickercers were re-elected: James T. Woodward, Tresident Hano- son, the President of the bank, and the owner of about onever National Bank, President; Francis L. Hine, Vice-Presi- third, or 9,000 shares, of its capital, and the purchasers were
dent First National Bank, Secretary; William Sherer, Man- J. Pierpont Morgan, James Stillman, Jacob H. Schiflf, Blair
ager, and William J. Gilpin, Assistant Manager. The fol- & Co. and E. H, Harriman of this city, and Marshall Field,
First National
October
THE CHRONICLE.
7, 1899.]
otto Young, H. H. Porter, N. B.
No
of Chicago.
Ream and John
J. Mitchell
special significance attaches to the sale.
The stock was bought by these gentlemen individually as an
investment. At the time of the purchase the Chicago parties
above mentioned were among the largest holders of the stock
of the bank, and they will now add about 5,000 shares to
their holdings, while the remaining 2,000 shares will be di
among
vided
New York
the
New Orleans
l^olsvllle...
Minneapolis.
Cleveland...
Detroit
Providence..
Columbus...
St. Paul
Hartford....
Denver
Total aU...
per cent per annum, its net earnings are considerably in excess of the amount distributed. The capital is $3,000,000 and
the surplus and undivided profits are $3,444,889.
anuary.
cities.
Retv/nis by Telegvaph.
October
1899.
New York
1898.
Philadelphia
Baltimore
$1,343,885,606
141,573,849
86,686,'; OS
17,21C,923
Chicago
St. Louis
New Orleans
119,692,170
30,199,595
7,815,453
Boston
7.
P. Cent.
$748,798,089
96,C8?,392
66,575,680
18,978,925
102,435,085
26,572,341
+H6-1
+47-3
5,754,781
+35-8
+48-1
+34-8
$3,167,0 7,248
«1, 475,284, 971
+46-9
+162
our usual monthly detailed statement of
transactions on the various New York Exchanges, has aiso
been crowded off of the first page.
table,
Xine Montht, 1898.
Par Value
Actual
Aver'Qt
Par Value
or Quantity
Actual
Aver'ot
Value.
Price
or Quantiti
Value,
Price.
134,777,707
8tock||^,^: tl3ii5l98755J
10,520889395 806
BB. bonds.. $685. '93 700 $5?5,188.762 86-4
Qov't bonds
$7,871,520
«H, 895. 462 113-0
State bonds
$1,827,800
|1.256,68i- 688
Bank stocks
$318,950
$737, 56s 231-2
7«.948,-51
580298 292
76-3
»e01.2M:4.6I0 $»7l.260,«97
7«-4
t7611H433 5
\
$15.622.«50
$2,310. 00
$186.t60
109 8
19 7.247 40-a
t3^.3t:4 239-8
$17.l4''.0<v.
<
Total
118747298520 11,116967851 80-8~ •8331306746 $«.292°39«59
Grain, bush.
654,206,880 476.156,078 7213-16 780.645,61)7
741,817.928
Total value.
11.69313 929
764~
95c
$7.03i267B87
The volume of trausactiuns in share properties on the New
York Stock Exchange each month since Jan. 1 in 1899 and
is
indicated in the following
SALBS OF STOCKS AT MEW YORK STOCK BXCHANGS.
:
1899.
>
Month.
Jan...
Feb..
1898.
Valuee.
Number
of Shares.
Par.
Values.
Number
of Shares.
Actual.
Par.
$
$
24.251.98^ 2,3.';0.845,65( l,619,5r0.833
9,290.391
16.106,23?. 1,536,370,500 1,190.899,101:
8.9.'.0.824
$
912.554.675
873.528.400
1.705,438,450 1,376,26 ,851 10.086.9-8
984.492,750
March. 17.742.390
Istqr 58.100,608
Actual.
$
641.911.009
656,208.221
788.778.585
5.5i'2.664.800 4,185,6S5.78f 28.328.203 2.770.576.825 2.086,897.815
April... 16.998,62rt 1,675.038.550 1.431.735.173
5.979.44f
56rt..527,150
May.... 14.955.89P 1,467.663 85''
June... 10.903.793 1,066513,050
9,191.684
87M36,450
639,7n.8o3
9.173,064
873,688,150
635.4 45,535
86.530
927,951,406
l,v;34,s
443.292.2.''6
2dqr. 42.863.318 4,209.116.450 3.594.676.109 24.314.18i 2,311,64P,750 1,718.449,854
Omos.. 100953926
July....
9.801.770,05(1 7.780.361.891 52.872.386 5.082.225.575 3,805,347,469
8.387.53'
8?0.926.600
708,867.714 4.791,787
461.349.550
985. !4» 1.232.066.050 1.075,627,941 12.105.1S3 1,187,136.200
Sept.... ]2.45i>.90. 1,197.224,850
956,041.»46 9.379.445
881.231,900
August 12
Sdqr. 33.82H,781 3.250.217,50(
9 mos. 13477T707 13.0511-8755
omitted,
Kew
1899.
i
York...
Boston
Chicago
Philadelphia
Bt. Louis
Plttsbnrs:..
Baltimore...
Ban Fran'oo.
Olnolnnatl. .
$
4.400
536
549
372
132
117
81
85
56
360,661.640
983.778,34 4
713.179,839
.740.527,500 28.278..''65 2.629.717.650 1.997.619.823
10.?.208-*93t-.^ 78,!)4»-.751
BANK GLBA RINGS AT
(OOO.OOOs
5,564
2,112
-September.
1898. 1897.
$
$
3,414
3,452
399
438
277
114
77
69
70
49
446
416
287
120
69
73
75
50
7.611.943.225 5.S02.90- ,292
LJiiADLNO OITll!.»
.
1896.
,
Jan. 1
to Sept. 30.
.
1898. Ib97. 1896.
*
9t
i
4)
$
2,063 4.5.204 29.808 23.3«1 20.914
322 5,221 3,c62 3 704 3,249
318 4.816 3.965 3,' 89 3,284
229 3,^72 2,0''9 2,306 2,3'
88 1.196 1,043
987
r52
5H7
53 1,102
725
603
55
55
40
1899.
936
693
543
669
591
480
3,713 69,40149.152 40,353 37,388
1,650 24,197 19,344 16,972 16,474
Clearings Outside
cnearint$,lotalAH.
1898.
P. a.
iTebruary
March....
1st qaar.
8.48P.688.805
6.014.982,968 f41-l
6,979.377.655
5,564.761.844 +25-6
8,724.331.346
5.64 5.4 84.52-
+54
6
24.193.397.606 17.215.2-29,326 +40-5
York.
1898.
1899.
P.Ot.
3.798.939.029
$
2.324.700,235 +20*4
$
$
..
New
2.428,738.424
2,038,604,134 +19-1
2.^22.246.367
2,227.465.088 +26-7
+22-1
8.049.923,820
6,5C 0,669,452
4.976,374,011 •fe6-4
2,702.753.636
3.107.448.985 f28-2
May
8.279,665.487
8,328.831.315
5.339,906.89!- f66-9
2.799,173,019
2.194.486,24] +27-6
Jane
7.488.185.914
5.503.359.267 +36-2
2,718,004.842
2.237.407.467 +21-5
24.101.682,716 15.81P.£40,167 +62*4
8.219.931.497
6,539.311,693 f35*7
vpril
2d quar.
.
July
August. ..
September.
-(-46*2
16.26«.«55.317 13.130.0U.14E
+239
+317
7,110.994.105
5.020,491.625 +41'fi
2.690,637.992
2.043.4.56.407
6.926.977.678
7,06C,211,770
5.596,377,156 4-23-8
2,5t 8.835.835
2,084.608.182 +23-3
5,£00,748,460 +28-5
2,663.135.392
2.086.759,799
3d quar... 21,106.183.553 16.117.617,241 +S0-9
7.927.409.219
6,214,824.388 +27-6
months
+28
69.401,2(14.075 4P,152..386,737 +41-2 24.197.284.5:jfl 19.344.835.633 +25-
576
531
458
oar own oorresponaent. j
London, Saturday, Sept. 23, 1899.
Partly due to the Transvaal crisis, but mainly to the state
of the money market and the large sums which are required
in consequence of the continued activity of cur home and
foreign trades, business upon the Stock Exchange continues
very small. Almost every branch of trade at the present
time is unprecedentedly prosperous, but particularly the coal
and iron trades and the ship-building and house- building
il<'rom
$1,245,266,630
830,018,341
1898
5,501
2.087
+136
$1,857,049,760
310,017,488
Dueription.
93
92
+ 16-8
Total all cities, 5 days
Ancities,l day
Nine MorUhs, 1899.
93
109
8
8
9
301
357
376
307
239
207
214
180
190
166
103
124
364
328
211
256
226
224
186
172
161
163
131
165
91
92
1
+54-6
week
392
277
235
251
229
216
194
173
171
149
134
127
9-3
$1,065,190,133
180,076,497
Another
7,068
2,668
1819.
9
$1,616,969,290
310,079,481
for
419
306
255
300
284
255
189
190
224
156
153
146
-1-30-2
Seven cities, 5 days
other cities, 5 days
all cities
456
310
33
20
34
23
21
17
18
13
17
13
17
10
6 months. 48.2e6.0S0.522 33.034.769,496
Week Ending
.
40
21
12
Sept. 30.
1898. 1897. 1896.
MONTHLT CLBABINQS.
Mnnth
Total
18
17
19
9
Jan.Xto
.
1899.
50
28
25
41
26
24
20
22
23
19
14
19
28
Savings
Bank, has the largest capital and surplus of any financial institution in Chicago. Its business is very large; it employs
over four hundred clerks, and though its dividends are 13
Clearings by Telegraph.— Sales of Stocks, Bonds, &c.—
The subjoined table, covering clearings for the current week,
usually appears on the first page of the Chronicle, but on
account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
,
1896.
Total
6,751 5,246 5,320 3,505 66,813 46,89138,468 35,462
Other cities,.
317
255
244
208 2,588 2,261 1.885 1,926
OutsideN.Y.
&
50
26
24
S9
32
26
20
62
32
33
52
44
33
25
23
28
20
24
21
10
16
Buflalo
is a large stockholder of the bank.
First National, next to the Illinois Trcst
the leading
$$
omitted.)
Kansas City.
Milwaukee..
as President,
$$$ $$$
September.
1898. 1897.
1899.
Omaha
purchasers.
Mr. Nickerson's reasons for selling are that he is welladvanced in years and desires to retire from active business.
He will be succeeded in the presidency of the bank by John
B. Forgan, now First Vice-President. It may be noted that
Secretary Lyman J. Gage, whom Mr. Nickerson succeeded
The
'
(000,0003
727
533
496
436
industries.
The Board of Trade returns, issued month by month, show
that our foreign trade is now rapidly recovering from the effects of the depression two years ago. The unprecedentedly
large revenue return?, the continuous growth in our principal railway traffic receipts, the increased receipts on account
of income tax, prove conclusively that the home trade of the
country is in an equally satisfactory position.
Under these circumstances it is natural that a very large
proportion of the wealthy classes find it more profitable to
employ their money in the businesses in which they can themselves exercise some control than investing it at a low rate
of interest in Stock Exchange securities. Of course, in a
country so wealthy as England, there are very large classes
who are not engaged in trade at all, but who nevertheless
have large sums of money to invest which they must necessarily employ either in the purchase of land and mortgages
or investing it in Stock Exchange securities. These classes
at present are temporarily deterred from the markets by the
gravity of the outlook in South Africa and by the probability that, owing to the high rates ruling for money, there
will be some fall in prices later on in the year.
The Transvaal crisis, which has been dragging so long, has
at last reached a pre-eminently acute stage and although as
we write it is not possible to say so definitely, it certainly
looks now as though we were on the eve of war with that
country. This Government has now gone so far that it is impossible we can retract, and the real decision, therefore,
rests with President Kruger. He will either have to agree to
the terms dictated to him from the Colquial Office or he will
have to face the alternative of war.
Upon the Paris Bourse this week there has been a marked
recovery in prices. French Rentes, Italian Rentes, Spanish
4 per cents, Turkish securities, Suez Canal shares, Rio
Tintos in spite of the general weakness of the copper marIt should
ket, and even Cuban bonds, being eagerly bid for.
be remembered that the Paris Bourse now virtually consists
oipaiquet, or cfficial members, the coulisse having been
almost rained by the recent adverse legislation in the Chamber. The Bourse received the verdict of the Rennes court
martial with a general a(ivance in piices and now that
Captain Dreyfus has been released it seems equally pleased
and has advanced prices still further. On the Bou(se the
impression is that this release is virtually tbe end of the
Dreyfus campaign. Captain Dreyfus'a friends, however,
maintain that they intend to parsue the matter until they
obtain a revisal of the verdict in the Court of Cassation.
The silver market continues very quiet, with a weak tendency. The new policy of the Indian Government in attempt;
;
THE CHRONICLE.
728
ing to adopt a gold standard
is
causing a marked slackening
A
demand
for silver on Indian account.
certain
amount of silver, of course, continues to be imported into
India, but inasmuch as it cannot be taken to the Mint and
coined into rupees, it merely has its intrinsic market value in
India as in oiher countries.
The result of the policy of the Indian Government is to
<x)ntract the Indian currency, and to drive up money rates in
the principal financial centres to high figures at this early
season of the business year and this hardening of money
rates in India is iurther accentuated bv the policy which the
Indian Government dictates to the India Council in the sale
of its drafts. At the end of the financial year— that is, on
the night of March 31— the India Council (for the Government at Calcutta) has to meet very large payments on account of what are called the Home Charges, which are partly
pensions, salaries, and what-not. paid to Indian officials and
ex-officials, and partly are really payments on account of
purchases of stores and sundry other charges. In order to
meet this amount within the current year, it is necessary
that the India Council should sell a defioite quantity of
drafts week by week, and for this purpose it offers tenders at
the Bank of England every Wednesday.
Owing to the activity of trade in the Far East and the
policy of curtailing supplies in the Indian money markets, to
which I have already referred, there has this year been
quite an exceptional demand for India Council drafts here in
London. These drafts are a ready and convenient means of
remitting money either to Calcutta or to the Far East, and
those in London who have money to send thither are glad to
avail themselves of the means offered by the Council. About
the middle of June last the Council was selling 50 lacs of
rupees a week, which was very nearly the normal quantity,
of the
(TOL. LXIX.
—
Imports and Expoi ts for the Week. The following are
New "iork for the week ending for dry goods
Sept. 38 and for the week ending for general merchandise
also totals since beginning first week January.
Sept. 29
the imports at
;
FOREIGN IMPOBTS.
For
1899.
xoeek.
1898.
1897.
;
this, if it bad been continued, would have left the Counwith the amount on hand which it should have at this
the In
season of the year. On instructions received fr^
dian Goveri ment and for the purpose of artificially bolstering up exchange, it suddenly decided to reduce the amount
offered by 10 lacs, and for three whole months it continued
this policy, to the inconvenience of those here who wi-hed to
remit money, which, however, is a trifling matter. The ef
feet of this policy, which was virtually starving the Indian
money ma kets, will be seen to have been very serious. Hav
ing by this means got exchange up to the magic figore of Is.
4d., it has once more resumed the sale of drafts at the rate of
50 lacs per week. For these 50 lacs on Wednesday next the
applications amounted to very nearly 800 lacs and the prices
tendered ranged from Is. 4 3-328. to Is. 4L'8d. per rupee.
The Bank of Eagland rate remains unchanged at S^ per
cent, and the Bank continues to exercise a very efficient control over the outside market. For the most part, I am bound
to say, the market supports its action and resists the numerous temptations which occur from time to time to cut
down rates. Practically the lion's share of the business of
lending and discounting goes to Threadneedle Street, al
and
cil
Dry Goods
a fair amount of business in what are called
day-to-day loans in Lombard Street.
Should war break out between this country and the Transvaal it is expected there will be a very considerable rise in
the Bank minimum rate?, and of course in rates in the open
market. Ths is not so much for the money which will be
required to be sent out to South A.frica, although that wou'd
be considerable. But the principal effect of the war on the
London money market would be the stoppage of supplies
from the Transvaal mines.
81,693,128
7,248.608
$1,903,«67
6,877,119
81,383.199
6.721,061
Sll,469,562
J8,946,736
88,781,086
1^8,104,260
Dry Goods
871,303,370 8100,994,319
250,458,351 279,946,560
*86.596,982
253,970,771
Gen'l mer'dise
$78,154,840
306,531,020
Total 39 weeks
384,685 860l'<321,761,721 .»380,940,879 ^340.567,753
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending Oct. 2, and from January 1 to date.
EXPORTS FROM NEW YORK FOR THE WEEK.
specie)
Per the week..
Prev. reported
1899.
1898.
1897.
«6,310,948
331,293,457
87,652,093
350,670,292
1896.
$8,928,982
» 8,423,530
301.422,849 276.712,844
Total 39 weeks $337,604,405 8358.322,385 »310,351,83l!$2«5,136,374
The following table shows the exports and imports of
specie at the port of New York for the week ending Sept. 30
and since January 1, 1899, and for the corresponding periods
in 1898 and 1897.
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Imports.
Exports.
m
though there
«2.007;138
9,462,424
Gen'l mer'dise
Total
Since Jan.l.
1896.
Qold
Since Jan.X
Week.
Great Britain
Prance
Germany
$9,02^,000
7,397.580
Total 1899
Total 1898
Total 1897
$3,060 825,879,469
13,890
7.878,757
10.' 40 29,698.557
2.895,123
1,128,132
l,7-;4,n72
4,561
468,552
130,246
other countries.
*3. 397,505
"".^40
5,672.031
36,060
$3.060
Since Jan.l.
$7,910
3,2.^^0,000
...........
West Indies
Mexico
6outh America
A.11
Week.
196.922
482,488
64,691
2,3
223
»15,5e4 *9.S>'8,933
5,871,001; 85 372,399
1,020,-^ 34
5,243.879
Imports.
Eocp arts.
Silver.
Week.
Since Jan. 1.
$3,284
$290,331
6,140
1,582,224
...
.......
West Indies
Mexico
South America
All
Week.
8304 980 ^31,941,733
Great Britain
Prance
.....
GermaDV
Since Jan.X.
"8,825
318
other countries.
23.'S,720
5,369
486,226
9,600
112,423
10,856
2,0 1
675,910
1.223,832
742,513
35,157
$46,269
31,907
88,060
$2,879,252
1,878,867
2,189,317
'36,926
4,008
is
Total 1899
Total 1898
Total 1897
»3I4,123 834,378,782
1,138 848 34,789,025
874.195 35,219,998
—
Rreadstuirg Ptgares BroDgnt From Page 763. The
statements below are prepared by us from the figures colected by the New York Produce Exchange. The receipts at
Vestern lake and river ports for the week ending Sept. 80, and
^Incp A lie. 1 for '^a{*\\ nf fhe last three years havp Iippd;
i»eeivt»
at—
Com.
fVheat.
Flour.
Barley
Oatt.
v*.
1
Engllsli Financial
Markets— Per Cable.
BbU.\9mh
daily closing quotations for securities, etc., at London
«re reported by cable as follows for the week ending Oct. 6.
The
hloatro
vlUwankee
luluth
tflnneapoll*.
London.
Sal.
Mon.
2615,^
27
canoe
d.
Oonsols. ne w 2 % p. ctB. 10316,^ 102%
103 'Bje 10318
For account
Fr'ch rentes (In Paris) fr. 00 52H 00-67 13
60 ^
Spanish is
61
...
2034
Atoh. Top. & Santa Fe.. 2058
64
Preferred
Bllver , per
,
,
51
Baltimore & Ohio
71
Preferred
91S8
Canadian Pacific
sifB
59
Central Paciflo
Vl5»n
Chesapeake & Ohio
Ohio. Mil. &8t. Paul.... 127 i*"' X127
21<^
Den. <fcKlo Gr. com. ..
7612
Do
do Preferred
13
rle, common
13
.
.
,
lit preferred
3638
. .
IllinoTs Central
Louis vlUe
& Nashville.
115
79
Mo. Kan. & Tex., com..
N.Y. Cent'lA Hudson..
South'n Railway, com..
Prefen'«'d. ............
Union Paoltlo
Preferred
Wabash, preferred
'
Price per share.
78
20i«
62Js
4-%
70H
90^
57 »«
2438
125''8
60"4
2078
6378
4M38
6OI4
2<.i>(,
e038
21
49ie
6»i«
f038
70'<j
7<'ia
71%
H158
9158
9278
5958
251a
12779
2188
761a
58
25
I27ifl
21
64
2538
1VS714
2i3a
7578
12^8
3638
12»9
12%
13'7
24%
68%
hl^
3(<%
2458
t>9'a
6
75
75»fl
.^358
7 i8
66''e
67
67 >4
7638
6714
67 14
lo^e
l<3s,
12%
67 "4
•Phlla. & Read
•Phlla. <t Read.. Ist pref.
*Phlla.A Read.. 2d pref.
Southern Pacittc
1033s
xl37>4 135%
7fl
...
10 i '8
77ifl
53
76
Preferred ......
103
2^58
JOS'*
1037,6
100 60 .0 67>a 00-62 la 100 45
59'78
7513
13
36I4
115
791a
1
%
3759
114%
lir i«
79 Sp
81%
12%
2479
^
I2ia
138I4
25%
70»a
53
10»«
10%
1078
11%
29
30
l^a
3t
15%
3t%
29^
IGBg
2938
16
ll-'e
37%
16
3 le
ll>4
ll'a
1158
5v%
51
Sv
45
78
22
42%
43V»
4iis
4
77 14
78
22
77%
78
22
21'fl
21 79
Cleveland ..
3t. LottU....
40.6';0
'eorla
14,660
1,669
Sanias City.
Tot.wk.'99.
i^ame wk.'08
«ame
wk.'97.
Since Aut-
3838
1178
6 -.^73
ifl
74.0?9;
202,811
206,765
572.445
13.0O0I
544.000
141,000
e49.ooo|
1,000
117.443
242.680
236.400
76,000
....
86,603
1,800
....
42fl.8lrt
7,3H8,180
7,345.788
368.756
331,263
9,696.795
4.544,986
3,567,765
4,670.791
1,603 828
1.608 121
194,604
876,182
4.165.727
5,212,952
1,837.030
808,079
46,749,476
41,068.886
37.166,769
44.972.817
8.333.306
6.715 ijoa
1,441.206
2 865 806
6,349.814
3.834.811
8,991.454
1.
1
'>«9...
h98
1-97
l't»e
3 928,?40
8.8IO 365
50.0P6,19t
5«.905 587
36.630.779
2,515.122
59.7i9.t>98
60.488.'<20
reoelpth of flour auo grain at the seaboard
veek ended Sept.
BO, 1899,
Slow,
Reeetpt$at—
hblt.
..
98,062
..
81 06?
231 «V6
40.0-3
48.670
78.034
277,907
129.400
1.14
11.678
284.100
76.662
viont.real
..
..
lAltlmore
..
•Jew Orleans*
•Jdwport News....
Norfolk
HiveHtoD
'"Ttland.
Me
9474
.,
64.'I6
24 979
•
•
7.''89
44i.ono
68.129
4:0
Pensaoola
Total week
Veek 1898
146.><51
43'?,507
Barley,
Oats,
bush.
Corn,
bu$h.
vVneat,
bufh.
1.0^8 326
Jew York
Phllitdelphia
pons
lot
(be
follow:
jQgton
ilobmond
29I4
10%
Poledo
letrolt
26%
102^2
10278
Fri.
78 '8
Northern
Pennsylvania
Thurs.
114ifl
36
247e
70»4
com.
Wed.
205e
74»«
1258
351,
114
N. Y. Ontario & Wesfn
Norfolk & West'n pref
Pacltlo,
Tues.
Bush.ROlbf Bwh.66lbt Bu»h.92lbi Buth.iSlh Bi».6e lb:
lf8.P82
5,283.036
71P.e92
1,146.680
2.251.871
63.760
3f 6 6110
113.21
215,060
264.400
69»,800
68,100
1.- 96 987
l,n70
68.664
126,510
155,0»e
41,461
......
3.035 680
70,850
823.620
2,686
88.500
15.06(1
199,387
42.800
107.100,
4.326
700
3,f-00
18,505
48.469
22.181
6,357
buiih.
187,100
160.800
81.347
13.600
602.600
277.694
174.600
78H.H17
914,260
238.416
80,5.<19
907.305
108.862
29,840
143.100
621,744
111,428
7.200
2.500
4.87B
'43,4'(>a
13,023
3.462
J>9«,6«2
1.
RV$,
bush.
18,670
21,900
325,000
"y.ooo
56.889
1,440
2,653.147
486262 6.113.682
•II leiotH do not laoluiu <r,.
ports on throuah bills of adtnsr
4,086,921
4.8*0,696
2,680.832
a.236.a98
•tssiDK thronah
New
442.847
68,900
64.766
204.380
Oriaani tor forelKO
I
Total receipts at porta from Jan.
ollows for four years:
1
to Sept. 30
compare as
-
|
October
0/—
/<ecMPtf
THE CHRONICLE.
1899.]
7,
bbli
16.742.770
XtWb.
14.834,394
10U7
19.354.446
7.494.687
88.662.7fl'7
8('.e«0,5'i4
68 912.369
47,245.434
156 S78.404
73.352.546
14H.819.008
63,20^,648
7.616.864
7,621,666
67 14-,25fl
ItiVU.
nonr
m>Mt
bMh
Ooru
Oats
Barler
"
144.7^0.917
"
78.Vi84.475
"
6,0n7,^^7
Bje...
"
4630.151
Total Bratn
"
..
3.2«6.357
11,191,253
893 0S7
327.378
Boston
Portland, Me.
Philadelphia..
Baltimore
Hew
6r>N.100
i:6.'33
68,1^9
2.5'
t-o.OOO
830.102
7^P.848
384.773
111.428
6/1.744
263.474
I82,"00
385.000
Orleans..
Norfolk
Hewp'rt News 75,662
242.251
Montreal
Galveston.... 616,000
Pensacola
1P5.674
201.110
8.2 >3
489.529
58.947
6,8H6
24.9-9
54.315
267.8.57
174.666.862
50.390
6,386
264.814
130,8»9
326.000
67.417
56,b8»
1.3<!7
73.661
8.289
32.467
273.304 1.608,576
Oorn,
tVneat,
78.997
5'».679
Do
5.469.000
60,000
afloat
Boston
617.000
70.000
928 000
Philadelphia
Baltimore
New Orleans
163,000
94,000
1,493,000
Buflalo
Do
Toledo
610,000
36,000
2S9.UUU
710 000
767,000
i'fid.OOO
639.000
8-^8,000
479,000
103,000
89,uOU
ei3.'>oo
9t-5,000
..
Oalveston
Montreal
Toronto
Oat«,
buth
buth.
502.000
fr»i»h.
428.180
1,244 boo
By*,
bush.
Barley
19.000
20,001
burn.
36.000
A
Fulton..
1,000,0
Importers'* Trad'n
18,000
84 cor
148.000
300,0
1,600,0
2,000,C
'ios.bdo
10,1100
• •
'
•
1,000
......
•••
5,393i6od
1,325,000
293,066
"7,00c
39,000
"6,000
00
13.00(
rt.Will'm&Pt. Arthur 1,437,000
6,686.uoo
Duluth
156,000
74,000
108 odd
186 00«
'4S,00P
693.000
45.0(0
5 oo'n
3.C00
43.000
Do afloat
MUwaukee
afloat.
Do
—
afloat
ICinneapolis
St Lonis
6,054.000
2.102,000
F*ark
11.
313,000
Kansas City
Peoria
Indianapolis
On Mississippi River
river.
.
607,000
'57,000
338.000
82,000
1,440.000
183,000
1,470,000
120.000
2,184,000
53.000
.
'
14,000
"3\o6'o
6T9.000
37.000
80. fO
373.000
253.000
....
Reports of Non-Member Banks.—The following is th®
statement of condition of the non-member banks for th®
week ending Sept. 28, based on averages of the daily result^
all cases.
Led
LoansA
BANK«.
Capi-
aur.
invest.
(OOt omitted.)
tal.
plus.
ments.
$
$
Speci*.
Dtpotit. witl.
iB'H
Olear\
Other
Note*.
Agent.
BkiJu
$
mt
Devotits.
citi.
Borough of
Manhattan.
Ooleiu&l
Oolumbla
Meventh Ward...
Potirteenth Street
OioiBevoort
TT^Tpllt.On
HldeALeath.Nat
Home
Morris....
Mutual
Ward
Rlvemlde
State
Twelfth Ward...
Twenty-third
Unioi) Square
Wd
TorkTllle
9
100,0
300,0
100,0
100.0
200,0
200,0
500,0
100,0
250,0
200,0
100,0
100,0
100,0
100,0
200,0
100,0
200,0
100,0
992,1
86,6
207,3 2.3100
124,2 1.421.9
67,1 1,028,0
717,2
10,6
97,5 1,360,0
230,3 2,444,9
87,8
87,6
117,8
32,9
130,7
107,3
134,4
112,4
54,7
311,5
160,3
U06.1
2 056.2
1,274 8
1,048 1
1,850,0
876.0
2.314
1,221,2
1.067,2
2.4*2,7
1,500,7
t
S
t
14.6
89.0
48.6
69.4
21.3
83,2
132.3
69.8
81,7
27.3
28,9
74,7
77,0
60.0
51.9
39,3
70,7
204,7
160.1
134.0
414
7
63,0
168,9
48,6
149.(
16,3
las.o
47,0
78,0
176,7
HJ.i
130,P
85,6
62.2
46,6
191,8
229,3
15,0
68,0
63.0
64.2
46,4
183.4
82,3
loo.n
26,1
220
100.1
160.7
134.4
42,6
53,8
74.^
481,2
171,8
i0j,2
342,0
224.0
378
166,0
24.3
66,5
51.9
108.4
96.1
113.6
ICO 7
S.Y.Nat'lExch'ge
^owerv
Sew York County
German American
3haee
Plfth Avenue
German Exchange
>ermanla
Linooln
Sank of the Metrot
874.00'
68,0c
7,3 '8,000
Total Sept. 30 1880. 42.1'2,000
12.490.000
709.000
1,441,(00
Total Sept. 23. 181'9. S9,770.oou
8,850,000
6.383,000
760.UOO
882. 00
Total Oct.
1.1808 11.2»i3,000
21,408,000
5.447,000
771.000
1.619,01.0
Total Oct.
2,1897.21,104.000
37.04^,000
10,719,000
2 8 8,000
2,279,0(H,
TotBl Oct.
3.1896 50,116.000
13,-57e,000
9,084.000
2.057,000
2,206.010
Excl .»ive of New Orleans. Galveston, ^t. William and Port Arthur, but
tncludlDjr Albany. t)Swego and Cincinnati, now omitted.
Note.— BesinninK July 1, 1899. the New York Produce Exchange has changed
Its Visib e Supply Statement bylnclu Ing stocks at New Orleans. Galveeton.
Ft. William and Pt. Arthur (previously omitted) a>-d leaving out Albany
Oswego and Cincinnati, formerly included.
two ciphers rooj in
^Tlnth
?lret
•arfleld
108.000
$
1,097.8
6,0
3.096
2,8
1,636.1
1.260,9
691.
l,4t)O0
1,8H8 9
U0,6
19H.1
23.9
92
146 4
632,6
2.266.1
1.449.4
1,4.^4.8
1,960
37e8t8ide
'teahoartL
Western
first Nat. B'klyn.
„ Brooklyn.
Broadway
Brooklyn
««hth Ward
Virth Avenue
Kings County
Mw^Tifact'rs'
Mechanics.
Heoh's*
A
Nar
..
Tradr's
Nassau National.
National City
North Side
People's
Bohermerhom
...
Seventeenth Wari
Spragne National.
Twenty-sixth
Union
Wallabont
Wd
18,6
16,3
59.3
4.6
30,3
30,8
206,0
lfc0 2
24,0
120,0
123,0
13,6
28,9
ls,»
8,6
117,4
7.8
6,5
12,6
79,7
97,8
3S.5
36.9
83.8
219
368.H
167,7
48,6
61,9
37.9
33.8
36.5
10,0
33.2
11,0
39,0
29.6
31.6
64.7
69.9
149.4
82.3
28.8
51,3
l»tNal..Stat«nl8l
. Othbb C1TIB8.
Itt Nat., Jer. Cltj
Hud. Co. Nat. J (
Wat., Jer. City
Id Nat.., Jer. City
1st Nat., Hobnken
d
WNat., Hobokeii
400,0
260.0
250.0
200,0
110,0
126,0
499,3
662,0
22.1
738,3 4,70R.0
5:^4,3 2.070,5
:<8«6 1.362.2
914 3
208,9
433.6 1.8 9,8
928 3
86,8
224.2
80.2
60,4
78,5
19,1
63.1
26.1
124,3
66,8
16 5
20,0
378.7
75.2
36.6
72.7
21.2
39.6
83.6
\23,i.
14i.'6
2,690 c
67.7
85,1
1.72616
1,238 3
2,696.7
37,5
1,6669
17,3
6,0
24.9
16,0
1,233.8
1,543 7
1,102 6
297.6
e09,6
21.4
40,0
790,6
3.816.&
3.r9l,9
929.6
3,800.0
94,(1
2,9
...
--_
1
30.7
60,0
13,7
23.6
1,7
19.0
131,5
n.o
686,3
869.9
639.4
414.4
1,024.0
633,9
247,1
700,5
6
...
6f<3,7
667,7
669.2 437,1
192.6
62.8
6,998,0
l,t09 3
19«,0
104.8
102.9
1,1 '6.4
460
3.578,t)
388,4
372,6
363,2
991,2
163,2
1,738,9
664,1
400,4
5,734,0
3,271,6
147,8
3,036,4
512,1
778,V!
169,6
7,763,7
63,C
664,4
410.4
306,6
l,486,f
1,176,0
651, i
767,2
811,6
926,i
338,4
874,1
380, S
555.6
1,163.6
538,1
1,238,:-
410.6
341.1
344,9
178,7
360,C
Total
8
2,698.9
3,636,2
1,681,8
1,043,3
487,3
932,8
993,0
290,4
637,6
300,(
l.300,(
600,(
l,000,(
?S0,(
Astor
J8.922,'; 78.905,";
Legals.
2!492,0
$1,040,0 $iiie86.o
1,755.0 20,499,0
1,362 6 lft,337,3
+
2P83,0
13,626,5 2,341.2
11,011.0 1,775.0
20,287,3 4.246,6
8S5,0
4,689,0
80,2 16,f 28,73H.6
24,803,2 4.377,0
4,633,5 1,08(^,7
972 9
7,829,8
316 3
1,186,3
348.0
1,896,0
103.2
1,043,2
3,764.2
761 4
62 <,3
3,294 9
363.6
4,16<J,2
27,723,0 3,3o9.0
25,628.4 1,2M,7
6,620,3 l,07i',3
12,204,0 3,263.8
4>0.9
3.063,9
19.673,3 4,9V.Jb
928.6
6.388,9
418.5
2.246,1
10,701,3 1.822,9
36,788,1 9,958,4
432,2
4,401,0
514,1
3.768,5
408.7
3,680,9
6,423,1 1,167.0
4,216,8 1,06.'', 3
15,671,1 2,99 i.O
5,153,4 1,254.5
1,941,0
138,7
24 914.0 4,748
43,370.0 11,980 8
321,8
1,370,6
21,666,1 4,334,3
10,328,0 1,:6'J,(
7,471,0 l,6e8.0
407,8
3,086.0
33,281,3 6,680.3
2.242.6
181,4
3,20iJ,0
475.1
3,214,1
207.0
3,038.7 105,947,7
2,802,2 35,267,0
379.6
6,216,1
6,368,2
663,4
66.0
1,420,8
133.0
1,909,0
182.4
950,6
234 2
3,682.1
336,4
4.518,6
321.3
3,389,9
2,611
22,082,0
2,994,5 18,353.1
6.693,3
165,3
722
13.795.8
3,379,6
297.7
661.6 21,796,6
8,608,0
796.7
210 3
3,706,7
444,4 11,313,6
1,622,3 44,446,4
4,455,0
482.1
2,681,4
103,8
3,082,0
362 8
6.789,9
708.1
203, 'f
4.942,8
17,686,1
l,2c6
8,048,4
26b 6
1.942,3
379,0
1,179,0 24,706,0
61,981.0
940,4
1,421,3
101,3
972,7 22 288,2
812,0 12,304,0
8,687.0
625.0
3,007,0
320.4
460,e 32,599,7
2,602,2
609,2
3,442,0
400,9
3,916,8
319,rf
3,140,5
375,6
4,688.5 41.421,8
9,670,3
616.3
3,018,9
380,4
4,765,2
516,0
637,1 12,371,6
44X.'
7,840,9
3,626,3
116,0
6,636,7
254,6
3,130.0
401.0
11,615.0
842,)
918,0 34,644,3
5.8448
1,847,4
248,8
572.2
2.401,4
6,770.1
3,J0a.l
6,714,2
3,776,0
9,767,0
29,286,9
4.?94,0
14.418,9
3,876,6
3.963,3
3,347,8
3,429,8
433
I
4
661.4
1,449.0
394
i>
2,0(^0
7.'0i
10623,0
22926,8
4541.0
7.'*6.t
1,492,7
638,8
404.2
3,4'.^6,2
33,7«M,0
8,372,8
2,477,9
3,195,8
10,827,0
Depositt
Specie.
y
387
864
3,1'9 4
4712.0
C
14,992,8
4,713.3
3,3e8.1
3,638.1
362,3
179.4
380.4
271,6
204,4
858.1
387,6
689,8
672,0
3663,4
47,329^1786,364.3
)14,172,7 1507384
Auction Sales.— By Messrs. Adrian H. MuUer
& Son
:
stocks.
Stocks.
50 Nat. Broadway Bank
24813
100 10th & 23d St. Ferry Co. 87
1 Mem.Adiion.L'gue Club. 765
10 Franklin Elec. Co. of Sea
Cliff
51
50 Eldrldge & Higgins Co.,
Columbus,
52
10 Mt. Morns Bank
226
65 Trow Directory Printing
<fc Bookbinding Co
56
38OI3
5 City Trust Co
20 Lawyers' Title Ids. Co.
155 34-1 6OI4
30 Nat.Butch. & Dro. Bank. 90
30 Int. Banning <feTr, Co. ..163
86 Manhattan Co. Bank
261%
30 N Y. Lite Ens. & Tr.Co.l460
10 HanjUton Trust Co
265
By Messrs. R. V. Harnett
45
1 Clinton Hall Assoc'n
1 North Amer. Trust Co... 168
&
3 Farmers' Loan & Tr.Co.14'21
25 Nat. Bank of North Am .202
50 Produc" Exch. Trust Co.200
240
25 Trust Co. of America
—
Bo'uls.
St. Ferry
«fe 2 <d
Co. 1st 58, 1919, J&D.. 10538
$4,000 Central City, Neb.,
water6s, 19o8; redeem.
91
able at any time
$25,000 Adlron. Lt^ague Club
1st 6?, 1904; redeemat 105 at any time.. $20,100
$2,000 10th
$3,000 Richmond Ry.& Elec.
J&J.
Co. Ist 58, 1920;
.
71
Co.
Stocks.
50 Bankers' Trust Co. (25 shares with privilege)
.239
gattMttg KuA "ginmici^X,
27
36,0
97,3
48 8
8B3.8
1616,1
Trask &
BANKERS,
...
INVESTMENT SECURITIES.
Members N.
Y. Stock Exchange.
Branch
Georoe Bakolat Moffat.
Office. h7 State St.
Albany.
alexandeb M. White, Jb
Moffat
& ^V h t e,
i
...
INVESTMENT SECURITIES
BANKERS,
1
NEIT ¥OKK.
NASSAU STREET,
36
.
NASSAU STREET, NEW YORK.
FISK
& ROBINSON
RANKERS
927,9
Totals Sppt 28. 7,763.0 i.OQs.i 63,033,6 3,S3S.3 .7777.9 S,S6<,^ 1.876.8 66.111.3
Totals Sept. 33. 7.763 •^.oqs.t C3,iis,o 3,Sil,0 S./iSJ.i 0.473 4 3.1095 06,630.1
Totals Sept. 16.. 7,763,0 i,09S,i 63,471,7 ',S77,i 3.ii33fi 6,077,3 3,i63j6 00J33.S
Co.,
29 PINE) STREET,
NEIF FORK.
Transact a general banking business, act £s Fiscal
Agents for corporations, and negotiate security
issues of railroads and othier companies.
Execute
commission orders and deal in
dc
No.
26,0
100,0
Loans.
887 7
BOROnOH OF
_ Richmond.
Bank of staten Isl
176,fe
614
200,(
300,(
300,(
300,(
300,(
300,(
600.(
2.100,0
Spencer
160,0 121,7 1.118.1
100,0 132.2 1,427,4
300,0 163,8 1,169.8
100,1)
3/,3
i29.0
100.0
67,2
6a8,7
160,0
60,3
803,3
ibJ.i 428,6 2,418,7
600.0 406,2 3,(P61,9
100.0 197,4
963,5
iOO.O 660.0 3,al6,0
300,0 544,9 2,689,0
100,0 107,0
764,6
100,0 121,4
886,3
100,0
643,6
70,7
100,0
476,1
2l»,3
200,0
1,116,9
65
6l»,9
100,0
66,1
100,0
334,8
37.4
100,0
600,0
489.6
l.OOO.l
lOO.C
200,(
Mat, Union Bank
-iberty
!J. Y. Prod. Exch'gf
* v.of N. Amaterdar
BoBouoH of
Bedford.
187,3
1,769.6
76,3
114,1
169,3
3,000,0
l,000,C
300,C
750,0
500,C
300,(
350,(
200,(
760,(
Central
?mh
1,000
1,087,7
2,118,3
3,786,7
343,1
4,818,6
6,698,9
360,0
Fourth
jeoond
afloat
PUm
trvtng
:)riental
8.628.000
OhloaffO
Nineteenth
^orth America
ETanover
Oontlnental
9 000
Moont
..
;hatham
People's
47.00c
9.0CC
Hiw York
^aotflc
•iepuhllo
38.000
18,000
We omit
kieroantUe
vtarket
34,000
....
6^9.000
On Lakes
On canal and
Broadway
Cast River
afloat
Do
Catchers'* Drov'rs'
ti eohanlcs' A Trad's
4reenwioh
Leather Mannlac'rs
teventh
«ate of I»ew York.
':Mtiten8'
afloat
Do
ity
Jhemloal
Merchants' Exob'gf
218.000
3.000
387,000
660,000
2,179,000
Detroit
Do
....
\menca
?henlx
Nassau
afloat
.
Do
Shoe A Leather...
3orn Exchange...
3,000,0
3,000,0
1,600,0
1,000,0
1,000,0
300,0
600,0
1,000,0
300,0
400,0
200,0
600,0
300.0
1,200,0
5,000,0
5,000,0
1,000,0
1,000,0
433,7
1,600,0
450,0
300,0
1,000,0
1,000,0
500,0
600,0
600,0
900,0
1,000,0
1,400,0
tlerohants'
tfeohantca'
kmenoan Exchangt
Jommeroe
470
67.213
Bametime'98 4.3»8.585 2.464.745 298.440 823,851 268.619
27,85o
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake an d
seaboard ports, Sept. 30, 1899, was as follows:
In store at—
Hew York
Oapilal Surpl's
lank of New York. $3,000,0 $1,931,8 $f4i20^,0
Manhattan Co
3,060,0 2,268,0 18,919,0
Gallatin
130
2M17
8.571
1,440
Total week. 2.869.477 3.5P2 713
58,736
2e.9J5
7.389
Banks.
8,6iJ9,>)76
aeveral seaouard porib toi tbe weeb
•nding Sept. 30 1899. are shown In the annexed ststemeDt:
Bye,
Sarlty
Oatt,
Pea$,
Oorn
FUmr,
Wneat,
hutti,
buih.
biuh.
buth.
btuh.
Sxvorti from— Mmh.
bbls.
Hew York
iNew ¥orb City Clearing House Kanlis.— Statement of
condition for the week ending Sept. 28, based on average
We omit two civhers fOO) in all cases.
of daily results.
61.1M2 10«
6.860.190
290.072,444
333,028.064
817,266.837
^e ezportfi from tntj
ir<l>0.
729
INVESTMENT SECURITIES.
HARVBY KDWARD
FISK.
QEORGB
MemDer M.
H. aOBINSON.
Y. Stock BzekaDs«b
THE CHRONICLE.
7ao
Dl VIDJENDS.
transfers were strong.
To-day "s actual rates of exchange were as follows: Bankers" sixty days' sterling, 4 81M@4 8li^; demand, 4 86J^(o486i^;
cables, 4 87(^4 87 14; prime c mmercial, sixty days, 4 80%@
4 80^^; documentary commercial, sixty days. 4 80@4 81J^;
grain for payment, 4 8li^@4 8U^; cotton for payment, 4 80(§
4 8' 14: cotton for acceptance, 4 80}4@i 8{)%.
Posted rates of leading bankers follow:
Books closed.
(Days inclusive.)
When
Name of Company.
Payable.
Railroads (Steam).
2
BeltRy., Chieago Uiuar.)
Berkshire (quar.)
BoPton & Providence, gu.
Central of N. J (quar.)
Chic.
AWest.
(qu.).-
Inrt. (quar.)
Nov.
Oct.
1^
15t
2^
Northern of N H. (quar.)
North & We.st Branch
Norwich & Worcester (quar.)...'
Old Colony (quar.)
P. Ft. W. & Ch., spec. gu. (quar.)
1
"
1
lifl
2135
European & Nori h American
Maine C»-ntral (quar.)
New London Northern (quar.)...
"
Sioux City
Oct.
Oct.
Oct.
&
Gulf, torn
pref
Concord & Mont., all cias8e8(qu.)
Del Lack. & WePt«-rn (qnar.)...
Choc. Okla.
1^
2^
&
reg. gu. (quar.)
Pacitic, pref
Vermont & Mass
II2
2U.
lifl
4
2
1%
1%
1%
3^
3
Street Railways.
Boston & Cbelcfa
Capital fract.. Wash., D. C. (qu.)
City By., Dayton, O.. com., (qu.)
Clevfland (Mtv Ry (quar.)
Hartfora (Conn St. R.t. (qu.)..
Harrishurg (Pa.) Traction
)
3
1%
1
II2
1
Louisville (Ky.) Ry., pref
Lowell Law. & Hav. (quar.)
Market 8t By., San Fran, ((luar.)
Newton
Newton
(Mass.) St. Ry. (quar.)..
(Masp.) & Wntert'n (qu.)
North Chicago
BR.
(quar.)...
Birrn. Traction
Boston St. (quar.)
lleelei
Pittsb.
Wt
&
St.
&
1
60c.
2
3
2
.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
3
Brookhn, Brooklyn
I.
L.
&
Paris bankers' (francs)
Amsterdam
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
(quar.)
rr., Brooklyn (quar.).
N. Y. Security & Trust
Fire lufiiirauoe.
North River
4
2
10
Oct.
Oct.
Nov.
(quar.).
(quar.).
13*
134
N. Y.
& N.
$1(».5«'0 4s. reg.. 1907, at IIII4 to llli^; $n,i(JO
coup., at IIU.^ to 112; $37,500 3s. coup., at 108^ to 1083^
and $200 ditto (s'mall bonds) at lO"^^. The following are
the daily closing quotations; fur yearly ran(,e see seventh
puge following.
1907. at 112:
5s.
Interest
1
2
2
to
to
7 to Oct. 1ft
14 to Oct. 17
-
15 Oct
18 Oct,
21
-
to
16 Oct.
to Oct.
16
2 Sept. 24 to Oct.
1
2 Sept. 24 to Oct.
1 Oct. 28 to
1
'^^
9
30 Oct. 21 to Oct. 29
5 to Oct. 16
16 Oct.
1 to
Ry. Automatic Sales, com
"
"
pref. (qu.)
Reece Buttonhole Mach. (quar.)
Stand. Underground Cable (qu.)
Street's West. Sta.Car L.,c.,(qu.)
Susq. Iron & Sterl (quar.)
United Fruir (qnar.)
U.
S.
3
2
50c.
6
Rubber, com
"
pref. (qaar.)
Virginia-Car. Chem. pf. (quar.)..
lOct.
Oct.
net.
Oct.
Oct.
Oct.
Oct.
151
10:
—
—
21
16 Oct. 6
16 Oct. 10
2 Sept. 24
1 Oct.
Oct.
j
to
to
to
Nov.
2
to Oct. 16
to Oct. 15
3
to Oct.
I4I
Oct. 4
16
10 Oct.
25 Oct. 14
16
16
31 'Oct. 15
15 Oct. 11
•ft
—
—
to
Oct 10
to
to Oct.
to Oct.
10
26
to
to
to
Oct. 31
to Oct.
15
of affairs in the Transvaal. Speculation is practically prohibited by the unusually high rates which have prevailed
for call loans, and capitali.sts with ready means are not disposed to make investments until the money markets are in
a more settled state. It is reported that loans have been
made as high a* 40 per cent or higher, and the average for
several days early in the \^eek was very high. The condition was easier on Thursday, is further modified to-day, and
as the October first disbursements are substantially completed, it is hoped that the relief will continue to progress.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 3 to 40 per cent. To-day's rates on call were 4 to 9
per cent. Prime commercial paper quoted 5}4 to 6 per cent.
The Bank of England weekly .statement on Thursday
showed adeci'ease in bullionof £1,899,778, and the percentage
of reserve to liabilities vv^as 39 86, against 48*66 last week; the
discount rate was advanced from '.i}^ per cent to 41.2 and
again to 5 per cent. The Bank of France shows a decrea.se
of 9,i'25,<)C0 francs in gold and r).325.00u francs in silver.
The New York City Clearing-House banks, in their statement of Sept. 28 showed a decrease in the reserve held of
$4,54.1,800 and a surplus over the required reserve of
$1,724,450. atjainst $2,963,700 the previous week.
Differen'sfr'm
Frev. week.
1899.
28
1898.
1897.
Oct. 1.
Oct. 2.
$
59,022.700 69.022,7(
76.115.300 74,291,300
78,905,700
Loans & disc'nts. 714.172.700 Deo 7,7.^2,700 635.572,800 5';i,993,'i00
l5,216.80(iIno. ; 05,200 15.498.4(jO 15,7J<0 400
Circulation
78.^,'^ 64, 200 Deo. 1322«200 :02, 1^8,200 619,3S3.20(>
Net deposits
Specie
150.736,400 Deo 4,017,800 136,314.400 92,365.100
Legal tenders ..
47,3i;9,100 Dec
528,000 54,544,800 78.0i53.6t0
198,065,.'=' Oo'dbc 4,545.800 190,f 59,200 170,388.700
Reserve held
Legal reserve
lb 6,34 1,050 Deo 3.306,550 175.532,050 154,838,300
Capital
Surplus
Surplus reserve
Note.— Returns
58,9-z2,700
1.724,450 Deo 1,239,2.^0
of separate
1.5,327,l.'^0
banks appear on page 729.
This
is
15,550,400
Oct.
3.
Oct.
5.
Oct.
4
Oct.
6
*100% *100l3 *100i« •lOOH •100
•xOT"- '1071* *107i«
IO814 *108i4 1081s
1918
1918
^
r
>
*<
112
no8
nil
ni2
•130
*130
*130
*130
*108
*108
IIII4
lllifi
*xll2
n3o
*130
'
•
107^2 *107i3
1081^ 108J«
no8 107%
*ni nil
*112
112
*]30 *129?i
1301^ n29%
niisg *lllis niiJ«
^lllBp '11158
IIII2 nilSg
,
llllfl *llll3
112
the price bid at the morning board ; no sale
was made.
—
State and Railroad Bonds. Sales of State bonds at the
Board are limited to $l,00i) Alabama, class A, at 107.
The r ilway bond market has been unusually dull. Transactions at the Exchange averaged only a trifle over $1,300,000 par value per day, and the tendency of prices was downward, although actual net declines are generally less than
a point. Oregon Short Line income Bs lost over 4 points of
the advance recently made. Kansas City Pittsburg & Gulf
Istsand Atchison adjustment4s were notably weak. N Y. Ontario & Western 4s, on the other hand, were strong.
Atchison bonds were by far the most active on the list.
Stock and Bond Sales.— The following shows the volume
of business in stocks and bonds on the New York Stock Exchange for the past week and since Jan. 1
.
Sales at
WAl.1. STREET. FKIDAV. OCT. 6, 1899.-5 P. M
The Money Market and Financial Situation.— Operation.s
in Wall Street have been much restricted and the !-ecurity
markets were heavy this week as a result of stringent
money markets at home and abroad and the unsettled state
Sept.
reg. Q. -Mch.
reg. Q. - Feb.
coup Q. - Feb.
38,
38, 1918, small reg. q. - Feb.
3s, 1918, small, c'p. Q. - Feb.
4s, 1907
letr. Q. - Jan.
As, 1907
coup. Q. -Jan.
reg. Q. - Feb.
48, 1925
4s, 1925
coup. Q. -Feb.
reg. Q. - Feb.
5s, 1904
5s, 1904 .^..^^coup. Q. - Feb.
3.S,
Oct.
2.
30
28,
10 Sept. 29 to Oct
Oct.
Oct.
Oct.
75c. Oct.
2
Oct.
Sept.
Periods.
10 Oct.
1^2
J. Telep.. (quar.)
40iih®40i8
94l3,p@9i7g.
93''8® 93iB]p
—
Oct.
*2 50 Nov,
Exploration Syndicate (quar.)... $2 50 Oct.
Harrison Bros. <&Co.,Ld., com (8p.) $2 00) Nov.
pf.(qu.)
1\\
1
Oct.
Nat. Graro-o-phoneCor. (m'thli)
Salt,
National
pref. (quar.)
1% Oct.
2
Ost.
New Central Coal
39%®39i3,f
United States Bonds. Sales of Government bonds at the
Board include $2,000 4s, coup., 1925. at 130i^; $2,0 o 4s, coup.,.
iTiiMf-ellaneouii.
American Tin Plate, pf.
American Woolen, pref.
Cambria Steel
86^®4 87
5 21l4@209]6
5 245ib'3)2438
bankers
(guilders)
Frankfort or Bremen (reichmarks) b'kers
Nov.
Trust Companies.
Bern and.
Sixty days.
6.
Prime bankers' sterling bills on London. 4 81 is®4 82 4
Prime commercial
4 80i3®4 t0%
Documentary commercial
4 '0 "3)4 PII2
Ranks.
N. Y. Product- Exchange
L.
October
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
1
Foreign Exchange.— Owing to higher discount rates
abroad, the foreign exchange market has been irregular,
long sterling having declined while demand bills and cable
^'A^idU.
^awfejers^
[Vol. LXIX.
— Week
end.
1899.
.
N. T. Stock Rxch.
Government bonds
State bonds
KR. and misc. bonds....
Oct. 6.
—
.
Ja7i. 1 to Oct. 6.
.
—
-^
1898.
1899.
1898.
$60,200
1,000
6,666.000
$1,154,880
12,826.500
$7,931,720
1,828.800
691,958,700
$16,777,230
2,377,200
614,120,010
Total
$6,727,200
Stock.s— NO. shares
1,801,069
Car value.
..$172,172,100
Bank shares, par v alue.
$14,047,880
2,175,429
$195,769,100
*1,050
701.719,220
136,578,776
$13,224,159,650
$318,950
$633,274,440
81,124,180
$7,807,712,325
We add the
66,.500
Week ending
stocks.
Bailroaxl,<tc.
State
Bonds.
Bonds.
Shares.
Par value.
Monday
406,487
Tuesd.iy
402,] 89
Wednesday
295,913
283,211
413,269
S38,684,450
38,916,400
28,804,300
26,637,850
39,129.150
$1,220,000
1,309,500
1,318.000
1,310.500
1,508,000
1,801,069
$172,172,150
$6,666,000
Oct 6, 1899.
Saturday
Thursday
Friday
Total
The
.sales
$138,010
following record of the daily transactions
U.
Bonds.
.HOLIDAY.
$1,000
$1,000
$29,000
5.000
3,000
14.000
9,200
$60,200
on the Boston and Philadelphia Exchanges were:
Boston.
Ph ladelphia.
Listed Untis'cd B ,nd
Listed Unlisttd Bond
.
.
shares,
shares.
sales.
19,752
22,615
15.671
16,160
13,397
11,022
9,895
9,312
10,926
8,041
99,100
28,135
87,495
49.196
EXCHANGES
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Total
.
shai-es.
shares.
sales.
CLOSED.,
93.705
68.405
112,000
18,356
13,836
20,466
15,315
19.908
33,601
22,942
19.505
12,568
227.100
175,700
101,700
398,890
89,915
108,524
691,405
91.2:.0
21,>'44
9.1,200
Railroad and Miscellaneous Stocks.— The stock market
steadily declined during the early part of the week, and
the volume of business diminished day by day as a result of
the conditions noted above. There was a change for the
better on Thursday and a substantial recovery in many
cases from the lowest prices recorded.
As was the case last week, high-grade railway issues and
the more speculative industrial stocks were similarly affected. The decline in active shares, which averaged between 2 and 3 points, was most conspicuous in the local
traction issues. Third Avenue sold down 20 points below
last week's closing price, Brooklyn Rapid Transit about 4' 3,
points. Metropolitan Street Railway 3J^ and Manhattan 23 oi
points. The anthracite coal stocks were strong features,]
Western, which in addition'
led by Delaware Lackawanna
to the dividend that came off on Tuesday closes fractionally
higher than last week. Central of New Jersey and Reading,
1st preferred also close with a substantial net gain.
Tran.sactions in American Sugar Refining and American
Tobacco were relatively large, but otherwise the miscellaneous list was generally neglected. Fluctuations were wide
in several cases but net changes are for the most part un-
&
unimportant.
Oct.
THE CHRONICXE -STOCK
1899.]
7,
New York
PRICES
(2 pages)
Monday,
Sept. 30.
Oct.
•17
*40
Tuesday,
2
Oct.
•17
•40
19
42
19k
fllX
49
61
47?^
62k
49^
e^X 69
88
90%
'89
•78
89
63
119
39
85
42
96
90
53
ISM
5 an
12CH 118
56ii
34J^
80
41
18
42
80
Oct.
4.
•17
18
•4C
43
17
41
20% 30«
6'% 6ak
47k 47?i
6H% 6854
89k 90k
6'^
47%
6«^
89H
•39
•78
39
85
88k
879<
•52
119
5iH
119
30
62
48k
69%
I
e\Xi
42>6
•10
•40
101^
•42
11
43
43
i2ak 193J6 133k 124%
175
174
17'%
173
165
165
163%
•65H 1651^ 165"' 165
202 310
302 210
300
801
lOH lis
110k 111« 11'«n8k lll9i
•123 126
'130
130k 120k 119 123
,75
190
170
170
185
170
185
4394
X 2<HI24^
14
18%
42
30k
20%
6296
4894
62P6
49>4
6>4%
61-94
4'-%
98k
130
149*
92k
80
40%
43
124%
173
165
1 1.496
lz5
185
14
r
•6!^
a
5^
*14
8
8
23
&H
5
•80
5
6^
•48^ 45
32k
5
5«
N.
STOCKS.
Y. STOCK EXOH.
Railroad Stocks.
•17
•41
14% 14% •13% 15
42
42
•4>f% 44
42^ 48k *43k 45
55
65
53% 53% 54
6494
53h 54
99
99
100
999< ion
199k 99H UOO
•10
10
10^ 10
10%
10%
*6H
39%
44
43
•39H 45
•39k 45
'33k
•6
19M 13«
Friday,
Oct. 6
18
11
•42
12396
Bales Bange for year \999.
MUinoeforpre9iof the Onbasisof too-sh're lotsii ous year (1898).,
Week.
Shares
Lowest.
Highest.
Lowest. Highest.
i
43
9096
•39
43
'SO
89
91
91
§52
52
I19k
118-M
5S
58
34% 35
43
95
90
63
"9i"
92
130
5.
119k
57% 57k
31k 34%
12856 129% 138% I29^
5flk
1
48h
lOH 10k
•42
Oct.
37k 129
481^
....
48k
01k 92
93k 98^
125
126k t38k 135 130
14
14?6
14%
i*h 14
• 90%
•90% 94
•90k 93
80
•TB-.*
80k 79k 80J4
40
41
41^
39
128H 12t«^
92
135
Wednesday Thursday,
3.
24
25"^
AnnDoArbor
M8
•4
•12«
13H
16
20
•17
•4
6H
14H
i2H
35
3i)^
43H
42>t
90
94
'28
81
•is-^
23
•38
•18
30
10,79
Santa Fe.
73,935
pref
Do
6,770
Ralt.40hio,vot.tr.cei tf g.
5,133
Do
pref
308,75i
BrooUrn
Rapid
Transit.
909i
10
42
Baffalo Booh. A PltUbari;
200
95
Do
pref.
150
91
("<anadlan Paotflo
63
SO
70
87
.
•39
•78
•90
•52% 53
anada Southern
11994 119% Central of New Jersev.
5b% Cent.Pac,
58
85
%
^12996 13(
& Ohio
Burl. & gulncy.
Chicago
•41k
•90
•28
30
•18% 13%
•13% 14%
•13k 13k
•41%
31
•90
43
94
41
•90
•)i8
81
•38
•83%
•63k
3596
3596
43
91
31
•6
8
33
22%
Colorado Mid., vot. tr. otf s.
Do
696 Col.
•18
19
5«
•4
pref. vot. tr. otfs.
345
& Son., listed May 24
Do
1st pref.
do
3,040
235
945
14%
Do
§1396
189i
Erie.
»12
•90
•28
43
94
81
20k 20k
163H 160k le^M
33
I829i
32M
t33
•61
83
•20« 85
22% 23k
163% 165% 161 164%
6
6
81
•68
81
31
33
ft
Do
Flint
Ft.
Ft.
9U0
2d pref.
Terre Haute
1,000
.
Pere Marquette.
Do
pref
W. ft Den. C, stamped.
Worth ft Rio Orande.
lllpi
13>4
. .
.
8k
•3H „*^
•19
_
'3H
•19
21
19«
78K 7ik
310
•56" 65
76
77M
it6« 108
194H 196
24
25
•68H 70
14
6
108
•70
•93
•23
•63«
•8%
•18
•18
•78
31
19H 19k
'®
,
•56"'
78
205
65
78
•
8%
8
4«
6%
18
19%
80
805
65
77% 78
•56*'
4% Keokuk
Do
18
•894
20
19% 19k
7H% 79%
'800
•50
305
65
•19
3U5
65
80
ft
ft
Oulf
Det Moines..
Do
i",930
.
14k
•70
182
75
32
814
314
73
97
25
66
•83
12k 18%
38
88k
42% 43% 48%
•44
45k 44
•182k 185
133
•13
72
•33
22H 83%
67h 68
30H 51J4
^m 74k
•46
•88
•63
1185
133% 133
14k 13
73
35k
iiH 3<!^
6^H 67%
49H 50k
73k "JSH
45
75
88
66
130^ 131
83
18
37
'210
817
849^
839^ 34k
47k
•70
•93
48
89
65
12P% 130k
72« 72% •72k '5
73
98
35
66
69
94
•33
68%
13% •12%
39
38%
44« 44k
45% 44%
185
13894
175
•83
75
34
812
818
94k
71
96
35
•23
63k
13k
•6 J
39
45
13
39
45
44% 44
182%
134%
•18k 14% 18%
182%
185
1339i 134
•82
70
34
•310
318
70
100
600
810
. .
pref.
Lake Sh. ft Mtoh. South...
Long Island
134<,
Mo. Kansas
3996
4"i»t,
46
185
136k
14%
74%
•70
33
34
657
34%
8394
8396
67% 6794
60« 5196
73% 74%
68
5096
74
42 45
75
75
45% 47k
•88
88
63 66
100
1.025
4,620
18,080
170
60
9,526
pref.
Missouri Paoiflo
MobUeft Ohio
Morris ft Bssex
Y. Central ft Hudson..
ISiN.T. Chlo. ft St. Louis.
500
315
Do
1st pref.
Do
8d pref.
New York ft Harlem
N T. Lack, ft Western.
N. T. New Haven ft Hart
10
1309^ 181
'318
816
N. Y. Ontario ft Western..
2196 35
3496
24k 2496 249< Norfolkft Western
Do
pref.
68k 6896 69%
51% 62k Nor. Pao By., TOt. tr. otfs.
5196
Do
pref.
74% 74% 7496
181
18196
131% 183
73k
Apr
Apr
8
8%Apr
84
35
296Aug
20«
58«
80H
97
193
iSl
31
93
M 20%
56k 57k
30k 81
I?-".
21%
72% 74k
78
•93% 97
191
3196
5814
21%
91
Rallwayg.
Bid.
Ask.
NBW YORK
BiMok St ft
CITY.
Ful F -Stock.
Istmort 7s 1900... JftJ
B'way ft 'th Ave— Stock,
lltmor 58 1904... JftD
Idmor
88%Dea
8% Deo
39kApr
16%Apr
32 May
48
Jan
Jan
98kSep
7
Sep 14
82kMay
65 May
Aug
35
Jan
9
15
19
5
30 Mar 88
195 Mar 13
9 Jan 38
3796Sep 6
Feb
68k8ep
13
J'ne
1
lOkMar
42%May
31
4196 Deo
40 Jan 78%Deo
10 Mar 1894N0T
36 Aug 49 Not
1 15
Nov 28 Mar
10 May 17kDeo
+133 J'ly 180 J'no
8«J'ly
7% Deo
6
133
7
Mar
Jan 33
ie94Aug 24
96
63kAug 25
16 Mar 22
18 Jan 6
35
5% Feb
23kAug
894Aaa
Apr ll696Deo
7kMar ll%Deo
Apr 43%Deo
26%Deo
Jan
5% J 'no
3
1
Deo
5%0ct
Apr
8
16
1
Jan
Jan
111
Sep
6
85kJan
73kJan
894Jan 34
39 Feb _.
10
1194May 10
30%May 31
3894J'ne 1
32 Jan 3
176 Jan 3
18194Jan 3
18 J'ne 39
65 Mar 7
39%May 84
1360 Jan 35
139%Jan 87
1198 Jan 19
72!,40ct
25
33
3
3
3
J'ne
6894 J'ne 16
38 May 11
4,0 a8
200
84kApr 18
1
58%J'ly
6
33%Jan
5
16
12
53
70%Oct 6
17%Apr 27
6
7
6
6
7
86
22kJaa 37
May
6
Aug 33
116
78
Jan 24
Aug
98kAug
37kMay
72 May
Oct
•91k
2196
7%Deo
4% J'ne
%Deo
99%Mar 118 Deo
24
48
•<;9
18
Mar S894Deo
Mar 78kDeo
7 Mar
6%Mar
18
18
Apr
14%Jan 80
10
45',«Aue 31
3894Mar
52% Apr
22
34
4
14kJan
Jan
41
Mar 4ekDeo
Nov 33%Fob
S3 Aug 38
il85 J ne 1 il67%Jan
14494MaT 39 105 Mar
1196Mar
1994 Jan 83
79 Jan 33 73 Feb
28 Mar
41 Jan 83
i390 Mar 14 1330 Jan
il38%Marll 1120 Apr
>322 Apr 30 il78kJan
38%Mar 37 1396Apr
8896Aug 83 llHApr
74kAug 23 42%Mar
57%Aug 24 19 Feb
81%Jan 86 58%Mar
68 Jan 83 86% J an
e5%Mar
7794Sep 28
3494J'ne
61 Jan 86
79 Deo
90 Feb 80
57 Not
6794Feb 31
148 Jan S3 11 094 Mar
88 Jan 83 38% J an
67 Mar
100 Aug 17
35 Jan 84
68kApr 4 88 Mar
38kMar 33 17940ct
{180 Deo
124%DeO
1696 Jan
76
Jan
40kJan
1353 Oct
1138 Not
Deo
801
19%Deo
1996DOO
68%DM
4lkDe«
791i8«B
81><Alc
78 Not
48%8ep
91
69
J'no
S«f
183%DM
68%DOO
84kl>ee
3396 Jan
5496 Deo
39
38
Jan
Aug
09%Alig
;
OUTSIDE SECURITIES
_ Street
7196Deo
22%Jan 80
8
Mar 38
, .
*
81%Deo
16%May
5
Jan 84
74
975 43 May 11
ft St. L.
97
Do
30 80 Feb 10
pref.
3.846 1996May 18
3lk 22% Reading, voting tr. ocf s.
1st pref., vot. tr ctfs. 26,130 6194Jan
7
59*i
5794
68
58k 58% 5^%
321^
3d pref., voting tr otfs..
4,570 36kJan 7
81k Slk 31% 3194 33% 83
Rio Grande ft West«m.
36%Jan 4 43kFeb 3 38 May
SOkMar
Do
2ll 68 Jan
pref
3 8394Aufi 81
!S8k 82% 77% 83
»77k 78k '77!^ 82
dlv.
paid.
Ex
aad
prices
no
sales
rights,
All
aasessts.
Bid and asked
on this day. i Less than 100 shares, t
i Before payment of assmt.
T
•93
Feb
Oct 159
16%Feb
1796Mar 17
6196Jan 6
4396Jan 7
10,820
Deo
Nov 114%Feb
4396Feb
8196Feb
44%May
6,184
28,525
7,900
Pennsylvania
PltUb. Cln. Chlo.
93
140
10
40
Apr
Apr
111,079
4ik Or.RB.ftN.Co.TOt.tr.ofs.
Do pref., vot. tr. otfs.
76
48% 48k Paclflo Coast Co
•83
Do 1st pref
89
Do 3d pref
•64% 66
30
694 Nov
11
1896 Jan
175
1494 Nov
16kJan 19
13,487
§l'%
75%
47% 47%
75
16%Aug
6
37
37
4896NOT
J'ne
18%J'no
28%Attg
83 Aug
60 Jan 16 81%J'ly 38
Oct
196% Jan 5 308 Jan 84 17094Jan 216 Deo
56%Jan 5 85 Apr 4 40 Jan 59%Aag
44 Apr 65%Deo
63 Mar 6 83%Aug 81
97 Jan 4 13396Apr 3 90 Oct 120%Ja]l
187%Sep 18 269 Mar 88 135kMar 19494Deo
13%Augl2 25 Oct 2
700
Texas
ft
Do
6kAug
15
May 9
Mar 2
1494 J'ne 9
6,710
3,710
. .
24% 81«
23 «
70
33%Jan
23
80
Deo
9
8094Deo
896 Deo
5094Dea
14
43
7
3
15
. .
1,620
•70
•93
•83
•63
25 Mar
1359<Apr
191960ct
2696Apr
80 Apr
794 Jan 13
.
pref.
Lake Blrie ft Western.
80
80% 80%
•200
•50
an. City Pitts,
8i<;
8k
5%J'ne
9
6
13%J'ne 33
33%J'ne 21
54kMay
650
72k MluneapoUs ft St. Louis..
Do
2d pref.
96k
Minn. St. P. ft S. 8. Marie.
26
Do
66
pref.
74
97
25
66
182,4 185
133
184
*45k
620
1,12:)
64,030
37,9 6
13,746
1,3^0
13«
38
38H
44k
i46k 45^
•82
•63
8
11
3,095 110
LoulsvUleft Nashville....
77% 78% 7-'9<
75H
I0b% 107« 107?^ 108% 1079< 108% 10794 109% Manhattan Blev.,oonsol
etropolltan Street ....
193 l«4k 191
196% 196 198%
195J1 195
Met. West Side El. (Chic.)
•23% 25
25
25
24H 24H *23k 25
Do
*68
70
567
67
70
pref.
§8/% 67k
70k
ia% 14k 14% 14% Mexican Central
14M 13k 13H 13H 14
Mexican Nat'l tr. reots...
5
5
5
4% 45*
4%
4% 4^
108 110 •110 115
Michigan Central
111
•18J4
•43
§75
SH
4k
1
Apr
14
14
200
I
S%
ISkJ'ne
3,353 148%Jan
111
5 May
380 22 J'ly
Do
Oi9<
pref.
63k 829i 62H
63k
iiik 111« 113 113
113% 11294 llSHi ll<i% lllnols Ceulral
•18
1
owa
Central
•13%
13H
13k
18k 13% 13% 13% 1396
Do
57
57
67
•06% 57
67^ 56k 57
57
57
pref.
•10« Ilk •10k IIH •10% 12
•10% 11% •10i< Ilk Kanawha ft Michigan
61« 6XH «60%
Deo
99
17kMar 3696 Deo
85%Mar 185%DeO
8%Jan 6
58kMar 17
43%Jan
11
ireat Northern, pref.
' 'r'nB.ftW-.debt of8."B"
Hocking Valley
/
Sep
38
70
17
pref
ft
Jan
794Jan 30
140
8,596
ist pref
Hvansy.
9
27
3
pref
Do
Do
38
6%Aug33
16kJ'ly 14
496Sep 13
4194J'nel6
1494Sep 16
3,68 i 106%Jan
3
18,219 157 Jan
7
3,400 ISkJan 7
2,630 68kJan 11
Des Moines & Ft. Dodge.
Dul. So. Shore & Atl
•13
S18
24
83kOct
.
•63%
•6ik
18
•20% 35
163 164
Dm
1
36%
17% 17% • 17% 17%
85k 35k
17% 17^6
42
94
5k
6394
68%o««
79%Deo
Mar 78^De«
Mar 84 Sep
May 76%Sep
Apr 90%Jan
44kMar 68 Deo
Oct
Oct
.
5%
31
Feb
48% Chicago Consol. Traction.
8,980 599<Jan 4 lOOk-^ep 1
86« 98% Chicago St Bast. IlUnolB. ..
49 Apr 66 J'no
825 il394Jan 3 13296S«p 7 102 Jan 113%Feb
130
Do
pref.
13,470 13 J'ne 1 3C9tJan 33
14k Chicago Oreat Western
9%Feb 18 Aug
Do 4 P.O. debentures
8396Jai.
3 103kAug 13
90k 94
7ikJ'iy 85 Deo
I.IPO 5094Jan
80
80
Do 6p.o. pref. " A"..
5 85kAug 89
38 Mar 54 Deo
2,780 28 J'ne 33 4494Sep
Do 4p.o. pref. "B"..
40% 41k
6
80 Apr 38 Not
600
•10% IIH Cblo. Indianap. & Lontsv..
79<Jan 6 12k Apr 85
7 Feb 11 J'ly
'00 31 Jan 4 49*4 Mar 6
48
43
Do
pref
28 Apr 38%J'ly
71,935
124% 125% Chicago MUw. & St. Paul.
l30%Jan 3 136%Sep 6 83HApr 13094 Deo
350 166kJan
173
173
Do
pref.
179 Sep 5 140 Apr 16e%Deo
1,43tj 141kJan
16496 165k Chicago & North Western.
173 Pep 6 llSkMar l43kDeo
307 307
280 188 Jan 19 210'56Sep 7 163 Jan 191%NoT
Do
pref.
17,930 107%May 13 182%Jan 37
112% 113 Chicago Book IsU & Pao.
80 Mar lU^Deo
•180
100 91 Feb 8" 126kSep 38
135 Chic. St. P. Minn. A Om..
65 Mar 94 Deo
•170
185
Do
pref.
16
Jan
185 Sep
1148 Jan 170 Not
"590 170
•13% 15 Chlo. Terminal Transfer..
7kJan 7 25kMar 27
996Mar
4% J an
500 36% J an 3 56kMar 37
Do
48% 4"?%
pref.
23%JaD 37%An«
5,036 43%Jan 4 63%Apr 10
54% toH Clev. Cln. Chlo. & St. L..
35 Mar 47%AU8
98 9996
410 94 May 10 10394Jan 36 77%Mar 97 Deo
Do
pref.
100
CleT. lioraln & Wheeling.
9 J'ly 5 1694Jan 36
llkMar 19kJan
'•39% 43
Do
pref
87kJ'ne 33 45 Apr 36 43 Nov 63%3ep
16%
17%
IS
iOkFeb
le^Deo
81
8496Mar 15 99kMay 31
50kJ'ne 3 70 Jan 33
97 Jan
12294Apr 22
1.3011 T459<May 9 1'6096.Vug 21
7,6ao a394May31 31kFeb 3
45,197 124kJan 7 149kFeb 18
45 Sep 18 6896Apr 89
.
Apr
Jan
68
85
25
63
78
350
''peyer&Co.ctfs
11
84
10% Apr
32%Mar
3,96
. .
Chesapeake
35
44% 45h
•4
5k
14
ia«
84« 35
*8^K
163
45k 45k
16k 16k
16
14 Apr 29
18 J'ly 19
"
36 May
43%May33
17 May
24%Ft.b 33
5096Jan
68%Aug 24
43%J'ne 32 61%Apr 13
67% J'ne 21 79%Jan 87
75kSep 20 137 Apr 15
30% Mar 24 44 Sep 23
69 May 9 98kSep 83
pref
&
2094 Atoh. Topekft
45% 45%
16
16s»
Do
2d pref. do
16k
184 123h 12396 12296 Delaware & Hudson
131^ 18I9< 132 122
>89
el.
187
Lack. & Western...
X185H 186% 188 18"% 189 19094 189% 191%
Denver* Rio Grande. ...
83
30
30^ 81
20H 20« 80% S31% 8'k 31
*74
Do
74% 749<
74),
pref.
78H 74H 72« 73H 73k 74
46
•15^ 16
i21H 133
731
1.
Stock Exchanfice— A Daily, Weekly and Yearlv Record.
BTOOKS—mOHEai AND LOWEST SALB PRI0E8.
aatHTday.
Page
58 1914.... JftJ
39
111^ 108
i2b
833
104
105%
108
110
37
Oon 5s i943— Sm Stock BzobI
BVaySnr Ist58gu.l934 115
Id Silnt as rental. 1905 105
Central Crosstown— Stock 360
lltM 8s 1923
MftN 4126
•n Pk N ft B Rlv— Stock 195
Oonsol ?• 1908
jftn i07
I8t.
117
106
109
(Givek at foot op
Street RatliraTe.
consecutive PAQ-aa).—81RES7
Ask.
175
Bid.
Christ'p'r&lOth 9t-8tock 170
ColA 9th Ave 58-Se« Stock Bzob
125
Dry D K B ft Ba^-Stock
1st gold Ss 1933... JftD 117
Scrip 58 1915
FftA 108
Blghth Avenue Stock.
400
108
Scrip 68 1914
7
1
l8t.
150
120
106
—
400
430
42d ft Gr St Fer— Stock..
75
83
42d St Man ft St N Ave.
1st mort 68 1910.. M&8 116k 117
89
3d Income 68 1915. J&J
....
Lex Avft Pav F 5s-Se« 8tk Hxch ist.
MetroDoIitan
— See
1
Stock
Hzohl
1st.
Rallwaye.
Ask.
190
198
108% 109
121
180
Sixth Avenue Stock. .... 203
330
Sou Boulev 58 1945.. JftJ 4118 114
So Far ist 58 1919.. A&O illOk 113k
Third Avenue— iSee dtock Bxcb list.
38tb ft 39th SU Ist 58. '96 {114
116
Twenty-Third St^Stock. 395
Deb 58 1906
108
JftJ 106
Union Railway— Stock
300
190
Union Ry 1st 6s '43.FftA 113 116
(Street
1
Bid.
Ninth Avenue— Stock
Second Avenue Stock.
1st mort 58 1909. .MftN
Consol. 5s, 1948.. .FftA
—
.
—
.
.
180
193
RAILWAYS,
£c.
Bid.
Street Etallwaya.
Westchest 1st 5s '43. .JftJ illO
BROOKLYN.
Atlan. Ave., 1st Ss.-AftO
AftO
Con 5b g 1931
Impt 58g 1934
B. B. ftW.E. 58 1933.
J4.I
A«0
—
114
«107% 109%
116
W5
101
V40
117
105
lie
100
348
Brooklsm City— Stock
JftJ
Consol 58 1941
BklynCrosstnSs 1 908 J ftj
104
BkinHgtslsl 5b 1941 AA«
<'kyn y Co.* Sub— See St ck Bz. Ust.
8<lrn Rap.Tran.— See diolox Mi List
.
>
THE CHRONICLK— STOCK PEICES (2 pages)
732
BtOOKa-HIBHMBt AND LOl^SS SALE PBIOBS.
Tuetday,
MaturdaVtl Jfonday,
Oct. 2
Sept. 30.
•4«
6
•50
14
lOJ^
•69
361^
62
Wednesday Thursday,
Oct. 3.
Oct.
14^
lOM
•68
78
•69
78
3SH 36
365<
339^
65
61
34M
61
•lOOJi
18H
160
•15
•36
im
33% 34
65
100
51
169^
49?g
60%
17H 18
140 150
•15
20
•S5
40
61
160
20
40
48« 43%
76« 7e^
41H
21H 219*
11« 12M
21
150
•15
60H
42%
75%
7%
21%
11%
429^
75%
16M
64H 5i^ 54
118
16«
61
48«
•30
•147
•37
16
i
16H «15W
61% 61
48
92
43
95^
37H
152
38
•78« 85
8H
•30
1149
37
40^4
16«
le
54^
169<
61-<
42H
93
35
149
37
155
20
40
219*
219*
11%
11% 12%
489*
•7%
•68
31
16
58
16
16
I
o
•53%
54% 54%
ill4% 116
ill6
15% 16
61
43
61
43
94
30
il49
94%
•86
Do
Do
16
11
St.
78%
'99*
•86% 37
84
8J
84
48H
50i4
95J*
47H
99H 93%
«!
O
•1%
439*
190
189«
•17
17J«
•36
43
90
•36
n
>
"Voii
O
a
77
43
98
42
91H 92h
61^
78
119« 11»H
60H 61
IU8 108
112
269i
73
27H
73
12« 12k
•39
'
65H
98H
•10
45
t
"im
llOH
45
77
.
68
32
16%
54%
115
35
152
16
16
•30
1152
38
«8>,
20
28?s
8
•68
•15
63
23
•95
•35
xl65
•98
•10
HH
S98
28!^
UOk 110
•7
50%
65"
45k
98
•6«
•55
•15
5
50
9rt
95
40
185
•35
160
'l8H
12^
12«
•8
10
4Ui
iH
40
10751 10^^
65
55v
•88
89
173
17flt
26M
27ki
71
59H
By-e9f
70
.
"«
109
29H
188
•60
•20
U4k
30
82
56
25
•
VHHi
80
47
117
47
•114
•190
I'OO
134
134
87% 88
45
77
65
100
20
46k
98
28k
im
2H
8
65
20
50k
95
89
160
189<
8
38% 3«%
•15
37
66%
36^
859*
85%
8£a{
125
36
43
90
•
40
98
10
44
97
13
65
25
50
15k
77% 78
46% 47
1
3^ 114
»188
198
130
135
87% 68
Bid
860
J&J
lUl
1
1
1
•10
Ulk
ill!
«2%
6%
65
63
23
60
196
•36
51
16
65
129*
•8
389i
12%
•60
•20
•30
36
43
90
43%
V3k
9e%
101
B'kC.4New 5s'39.JAJ «114
GrSUANew lHt58'06A&(> 104
G'p't & Lorlmer St. 1st 6b
108
Kings Co. Blevat.— Stock
8
Incomes.
6
Bond*
95
Nassau Elec pref
76
. . .
5
190
•130
87% 88%
5
•39
•98
Jan
Jan
17%Jan
l4%Feb
76%Jan
44%Jan
7
9
6%Dec
8%Feb
46
18
Feb
Dec
6 Mar
68 J'n*
52%Mar
28%Feb
e9%D««
85 Not
1
6
31
3
33%J'iw
9%N0T
7HD—
(Jan
Mar
18
Apr 100
Apr 35
78
12
7
43
78
A&C
114
116
)AJ
90
98
Qas (N.
425
5,413
Y.)..
pref.
Do
pref.
r
21,655
4.925
800
Detroit City Gas
I7ederal Steei..
Do
pref.
General Eleotrio
Glucose Sugar Refining.
45
74
66
too
20
iondm
8%Mar 80%Dm
Apr
439*Dm
239*Mar
Oct 194%Frt
[45
Aug 26 Sep
36 Aug 48 Oct
16% J an 36%DM
107%Dec 107%Dm
16%Mar 449* DM
45%Mar 74%I>M
9%Aq«
6%Mar
14%Mar 84%Ang
18
.
30,095
6,685
2,945
8,361
Do
i',450
Manhattan Beach Co
96
96
40
163
162%
m
40^
84
<40
13
)88
Do
1,435 78 May
6,598 156 Jan
3,790 22%Aug
1,075 70 Oot
6,000 59 Sep
.^25
6%fep
86,810
Jan
Jan
*
Hx
div. of
36
111
84
76
J'ne
M8
J'ne
2",6n5
43
15
100
p. c. In
Ask.
107
116'
117
Bid.
OTHER
CITIES.
Bridgep Tr-lat 5a ^S.JAJ {108
110
Buffalo Street By— Stock
100
lat oousoi 5b 1931 .F&A
118
Deb 68 1932
§112
114
Chicago City
:c98
Stock.
297%
Citizens' St (Indlanap.) ..
34% 36%
Cleveland City Ry
101
108
RR—
M&N
Cleve Clty-lst58 '09.J&J
108% 106
—
5
6
26
17
839iJan 1639K8ep
112%Mar 135% Aug
Mar 140%De«
7%Oct 14 J'ne
106
5s.
P
94
106
111
.
Ask.
96
107
118
90
28
805%J'n«
63
94
Sep
67
Dm
11
St.
91
Dm
Se»
53
85%Dm
97 Dm
78%Dm
1099*Dm
96%Defl
67 Dec
95
54%Dec
Dm
Dm
67
82%Dm
Dec
81
68 Jan 81
309*Aug
54%Aug
96%Ang
5%Jan
62%Dm
Deo
899*Aug
99 Apr .14%De«
94%Aug
26%Mar
[06
9%Dm
8%Dec
3%Nov
Mar
12%Oct
80
30
Feb
Jan
Jan
Jan 25
40
43
Sep
J'ly 19
Au* 31
14
5
9
9
60
Apr 24
99%Angll
18
Oct
Apr 120 Sep
7% Deo
4%Jan
h%dm
3% J an
31 Apr
86%Mar
46
118
Deo
Not
xlSSNov 816
J'ly
7
6
6
-^9
28
10
66 May
8%Jaii
8^<r
17
S 80
28
29
12
88
11
Mar
60%Sep
10%Ang
38% Dm
Aug 106
Dm
Apr i68%I>M
IS
If
SUMay
BMApr
63%Mar 76%DM
14%Mar 4 8% Aug
60 Mar 113%DM
121 J'ly 8
5196 Aiin 81
135%Bep 6 1118% My 5131%De
08%Jan 84 88%Mai eCMAug
Ex 100
p. c.
stock dlT.
TBxrlgats.
dtc
Bid
Ask.
Street iKall way*.
116
Lynn&Bos-lst 5s '24.J AD
Metrop W. 8.(Chio).— ft'f« Si.Ex. Llot.
Mlnneap 8t Ry-58 1 9.JAJ {ii»k iiOK
-;<'%
Orleans (31ty By
97
Preferred
340
North Chicago— Stock.
JAJ ;i05%
Ist 5s 1906-16
Stock.
North Jersey St.—
37%
Bonds
17% ....
No Shore Tr (Bost)-Com.
96% 06
Preferred
118% 119%
6d
110
9%Dm
New
116%
Dm
90
REST RAIL WAFS,
list.
114
111 a
114
1
t
1%N0T
S3%Dm
15kSep 23
80%Sep 25
67 Apr 5
Jan
111
Bid.
Kansas Cliy El 6s
Bonds 48
Lake 8t (Chlc)BleT-Stock
J&J
deb 6s 1928.
LoolsT St Ry— 6 p o bonds
Preferred
Sep
Sep
Old Btock.
I
Street Kaliwaya.
Common
8
Feb 17
25 91 Sep
30 191 Oct
86 33%i»ep
a 79 Aug
21 65 Apr
20 18 Jan
14 126 Sep
4 160 Aug
45 Mar
_
1
31 89 Mar
9 60 Jan
30 S8%Sep
80 7fckSep
200 181 J'ly
15 5125 Jan
3.929 87 Sep
bonds.
Con»ol Tra'^ Pitts— See
4
37%Mar
85 Mar
3 Aug
63
8
68 J'ne
429*Jan
63';
Clevelaud Kleotno Ry....
M&8
Con 58 1913
Coinmbua (Ohio)— Stock
Sb
Con
1982.— See Phila
Cro»«fwn— !•'
107%Mar 146^%Ang
103 Mar 116 Jan
588 Mar 5 98%DM
2^
18
Apr 25
14 42
3 830
5%J'ne
107,189
30,705
4,630
(Givbij at foot of 7 oonseoutivb PkQua).— S2
105
May
24
50
Palace Car.
133 5134%
ells, Fargo & Co
'•IH S'% Western Union Telekraph
Lees than 100 shares.
18
6%Jan 6 139* Aug 8
125
6 Mar 88 10%Apr 27
4,S00 38%Sep 20 55 Jan 30
87,65h 101 May 13 129%Apr 8
1,450 44%J'ne 1 61 Aug 14
Wagner
201
4
107%Jan 19
43%J'ne 8
85 May 15
pref.
pref.
Do
78%
48% United SUtes Rubber
119
pref.
Do
4
63% Feb
39
Dm
14
18
80
20
66%Ang
102%May
^
H%Sep
Steel...
pref.
Bullion Certifs. .
909*AxKt
88
1)5
l6',910
&
14% United States Leather
24 J'lj
76%J'ly
Feb 27
Apr 20 65
ct
Mar 17 23 Feb
43
87%Apr
United States Ezpresr
Unit. States Flour Milling
55
25
50
Oct
May
880 118 Jan
A Do
pref.
27% Union Bag & Paper
pref.
Do
80%
14
Mar
N. Y. Air Brake
Do
59H Sliver
7
~ tandard Kope A Twine.
116% rp enn. Coal Iron & BR...
80%Ang
Sep 14
J'ne 24
645
73%
26
20
20
51
Do
pref.
New Cant. Coal (new stock)
T>fputjlic Iron
87%Jan
59 Apr
94%Apr
45%Sep
8e%Sep
78 May
106%Mar
188 Mar
183 Mar
105 Apr
62%Apr
99%Feb
229%Apr
150 Mar
70 Apr
160 Mar
40
72
13
Pullman's Palace Car
191
27
50
100
113
5,470
FaoiacMail
10
24
31 40%Jan 20
Sep 12 115 Jan 21
3 J'ly 13
8%Jan 12
4%Mar 17
8% May 4
2d pref.
Ontario Silver
8
67% Aug
37% J an
36
97
s-<o
National Steel
41%Sep
15%Mar 153 Not
66 M4r 38 Aug
3
88 May 1180 Feb
139%Aii«
39 5116 Ja
9
85 Sep 11
18%J'ly 88
6
28
110
1,785
Istpref.
eop'l'sGas-L.&C. (Chic.
110%
57h Pressed Steel Car
89
Do
pref.
20
77
48
115
Do
Do
lights.
Do
12% North American Co
40
500
770
National Starch
35
8%
135
Louis)
May
52%Mar
5160%Au
95
May
5 Jan 25
419*May 16
129i
87% 87%
(St.
Do
to% 50%
48
pref.
Laclede Gas
68%8ep
45 Aug 23
10
i',e6o
65
83
190
500
100
43% 43% National Biscuit
97% 9b
Do
pref
29% 29% National Lead
'110
118
Do
pref
2% Nat. Linseed Oil, tr. certfs
29*
9
13%
77%
1,610
96%J'ly 18
68
25
55
25
60
600
228
2,4 70
Knickerbocker Ice (Chic.)
33%Dm
5119 Feb 85 *97%Apr
81%May 25"
9
100
S
8telnwaylBt6sl928.Jdi.l
6
16,135
Consolidated loe.
78
120
68
•62
23
116%
DM
Dm
Dm
88% DM
18%J'ly
IHJan 17
69* Apr 81
%Apr
30%Feb 8 64 Sep 11
17 Mar
88 Jan 6 126%Sep 7 65 An»
6%Feb 15 21%Sep 6
4%J'ly
163 J'ne 6 28a%Mar 11 164 Oct
20 Aug 16 50%Jan 81
27%Mar
86%Sep 14 97 Mar 13 83%Apr
J'ne
21
36
65%Apr 17
78 J'ne 39 103%Aug2b
63 Jan 4 101 Aug It
45 Apr
46%Feb 8 76 Apr 3 29 Oct
72%May 13 93%Apr 8 69%0ct
95%Jan
126%Aug 3 76 Sep
58 Sep
76%Mar 20 669*Dec
105 Sep
110 Jac 14 107%Dec
97 Jan
117% J'ly 13 5 87%J'ne
26 Oct
68%Jan 83 48 Sep
72%8ep 18 95 Jan 5 85 Sep
201
A Iron ....
Col.
18894 Consolidated
9%May
885
pref.
10
103
8
pref.
94
•64"
Slreei Kutl«»H>n.
NewWmb'K(bFll8l«x.4%B
NY* Qua Co 5a 1 946. A40
117
Do
Do
pref.
& Hock. Coal St Iron.
19
8
40
469*
116>»
American Tobacoo
93
I
110
89
190
130
pref.
olorado Fuel
98% 98%
63% 54%
40
74
66
100
20
40
190
136
Do
161 8103 Jan
3
2,143 15 J'ne 16
8,754 56%J'ne 16
5,356 83%Mar 6
1,070 88%Jan 5
33 Jan 3
"flVrt 133 J'ne 19
1,378 369*Oct 6
280 78%Oct
6
466
8% J'ne 80
795 44%J'ne 20
1,100 14% Sep
1
600 61 J'ly 86
1,176 35 J'ly
6
8,69s 80 May 31
14,S8<
24 May 84
3,598 70 May 13
80,5t)0 45
^ Feb 8
8,786 92%Feb
191,035 123%Jan
120 110 Jan
160 598 Jan
3.30J 33 May 34
'.,dli;
81 J'ne 1
107,975 t88%J'ne 81
474 182 Jan 4
24,185 42%Mar 82
5l0 136 J'ne 6
107%
Do
pref.
113% §113% 113k H.B.ClafiinCo
27
26
!6k I ntemational Paper
73
5^8% 78% 1 Do
pref.
18
IS
International Silver
18k
9
77
American Teleg. St Cable.
American Tin Plate
449* Continental Tobacco
76
118
62
61k
107% •lt5
•8
18% 14%
77
7WH
46% 40%
U14 IIHH
pref.
439*
118
9
•50
•20
•30
13
Do
Do
12% 18%
65
25
50
American Sugar Refining.
125k
•15
509* 61k
96
96
•35
39
•157
164
96
40
162
162
110
2^ "8
8
pref.
Anaconda Copper
Brooklyn Union Gas.
runsw. Dock&C.Imp't.
2k Colorado Coal & I. Der't
•1%
113
Aak.
Es certfs iDdbtl 91 0.J&J
6sl944
65
•98
pref.
Do
86
43
84
4-.
Jf6
•20
CaLCeiii Ur.dLl] kyulBt s
Coney Island & Brookbn.
I>t4slrf48
40
•
pref.
16
American Malting
e6>4
Do
pref.
36% Amer.Smeltlng & Refining
54% 58
44% x44% 44%
97
597% 97%
29% 29% •28% 29k
OUTSIDE SECURITIES
1904
•36
•
43
77
65
100
20
65
Bia ard aeked prices; no sales on this day.
Btreci Kaiivtt»R
•180
Do
42%
American Steel Hoop
83^
Do
pref.
4W% 50% Amer. Steel & Wire (new)
Do
94% 95
pref.
108% 10P% 108% 110k 109%
55% 55% 55% 5-% 57%
65H 56
88
88
88% 88% 89
87ki es
183
l7Bi^
186
190k 188 190k 188
•^5^ 26
26
a«%
2e% 525%
70
73
72% 73
70k •70
J73%
•59
•59
59
60
60
59% •59
6%
§7
OH ...
5»%
6%
112% il5
115%
113% 117
109H112
"29^ "2914 27% 29
28
88% 27
8% 78% 80% 80% 5S09* 80% 80%
107X 109
50
13H 14H
55%
•120
pref.
•9% lOH American Linseed
•49
Do
50%
•1% 2k
54% 55%
8
IT*
54
54!^
18^
pref.
Oil
American District Tel ....
American Express.
Americau Ice .............
35
158
39
78% 78%
37
4lk "41% 41% 41Ji
91« 91% 92
98
98
98
98
9bk
98
51M 52H 5m 53% 63
70% 77H 77% 78
77
118 118H 116% 117% 117
60
60U 60}^ 60% 60%
105 108
105
106 108
112« 112H •111
§113%
26%
26
20J4 2«%
73
73% 73
72H 73
nn 18 •11% 14 11%
•39
33%Jan
700
6%Jan
8,770
55
Highest,
.
Adams Express
merlcan Car a. Foundry
Do
61% 62
6I9i
43
427^
44% American Cotton
95% §94% 94%
Do
'ioH
90ii
I
24
J'ne 1
89*Jan 6
64 May 13
9
Lowest.
9
(
§114% 114%
17% 17% •17% 18
18%
183^ 185H 186 191
189% 191% 188%
65^
38%May
6
H
79*
819*
42% 43
84
84%
48% 49?*
94% 94%
85
48% 49%
2M
57
sm 18flk
l85M 186
»
Highest,
3%J'ne 24
.
9%
86>S
4896
43'^
6a!,<
Lowest.
1,414
Ist praf
8d pref
61%
42%
•30
86% 865*
40% 43
8J
an
114
400
& 8. Fr., TOt. tr. otfs.
L.
Do
Do
71
16
160
87
48
42«
•1%
Istpref.
8d pref.
15%
i95%
35
151
37
85
3HH
86?8
41
•120
200
Range jorpr^
vious year (1898).
^
75% 76%
31%
cts.
St.J.4G.IgL ot.tr.
94
949*
137« 142% 1374 139% 1399* 1429* 140% 14--!% 141% 1489*
'115 118 •llfM 117H 116 119
•IISM 117
116 11-^
•97
•9.
99
99
noo 100
97 100
100
100
38
38« 39
38
87% 37% 37% 38
37H 38k
81
85 86% •86 87
85% 86
85M 84% 85
116H 119J^ 115H 117« 117 119% 119 122% 1825*124%
147 147 145 147
147
147%
147 147
48
00
47H 4896 48% 49% 49% 50% 48% 49?i
•137
142
•136
141
138 138 •187 142
14
14
14% ....
15
S159i 15>i •14
15k
n
o
f
1st 5b
65
42%.
76
7%'
30
55
Shares
Bange for year 1899.
On iasisof no-sh're lots
14
14
St.LonU SonthirMteiii. .
4 18%Aug
34
9,385 17 Jan
34%
Do
3 40%Aug 8
pref.
•60
200
66% St PanI & Dnlntb
36 Jan 5 73%Aog26
295
101
101
5 106 Jan 28
Do
98%Jan
pref.
100,9d5 37 May 9 44 Jan 31
379* 38
Sonthem Paclflo Co
4,936 10 May 31 14 Jan 16
119*
voting tr. otfs..
Ik^ Soutbem,
51% 68
Do pref., vot. tr. otfn 18,522 40%Jan 4 66%Aug 31
19
4,750 17%Jan 5 25%Mar 1
189*
Texas & PaoUlo
150 154
1,450 140 Oct 8 242 Feb 27
hlrd Arenue (N, Y.)..
•16
80 Toledo & Ohio Central. .
30 Jan 31 89 Apr 4
•85
40
Do
35 Jan 85 48 Mar 82
pref.
400
Twin City Rapid Transit.
38 Jan 3 73 Apr 17
118
Do
pref.
Jan 9 141 Feb 24
48
37,79: S8%J'ne 20 50%Feb 21
43k rjnlon PaoUlo Ry
76
23,190 78 J'ne 1 84%Jan 33
76%
Do
.pref.
700
7%J'ne 19
7% Wabash
8%Jan
2'% 81%
8,040 19 May 84 85%Apr 5
Do
pref.
10,617
11% 12% Wheeling & L. B., new
8%J'ne 1 13 Aug 31
•58
800 50 J'ne 89 64 Jan 3o
68
Do
1 St pref.
7,06- 81%J'ne33 32%Sep 25
30% 32
Do
8d pref.
4,£66 18% May 84 18%Aug84
16% 17% Wlsoon.Cent. newfwh.ls.)
8,S8i]
54% 64%
Do
pref. when lS8.)
48%May 86 59 Aug 28
34
62%
86
87
95
•36
•60
16
11
*89
STOCKS.
STOCK EXCH.
[Vol. LXIX.
2.
niscellan'a Stocks.
116
37
88
36
15
5
36% 36%
50% 51%
189* 18%
156
N. Y.
5
369* 37%
78% 78%
9% 9%
49%
48M 848% 48% 49
16
15
15% 15% •15% 16%
68« 66J4 66s 66% •66% 67
•66H 69
•
30?i
164s
10
9V(
49
•50
56
2»H
•114
8196
72
51009* 1009*
37
379*
3'7k
11% 11%
119*
154
20
40
•35
UM n%
56
31
16
34
65
50% 51%
18
18%
'IH
66
'
5%
49%
86% 36%
•14
14%
*58
36'«
1191
Friday,
Oct. 6
5.
10^ 10%
•68
72
35% 36%
35% 86%
86M "sin
nn
so>«
•4
I49>i
•14
35?^
•100
Oct.
•4«
5%
5H *4
50
49« 49H •48
»13
15
•13H 15
lOX 10^ •10% 11
14M 15
34jJ
•61
4.
Sales
of the
Week.
Page
65
»rOT
111
{
&
Pawt'ok-lst6s '33
Bayer pays accrued
87%
98
S8«
9ik
96
16
16
87
86
«118%
intei
,
Oct.
THE CHRONICLE.-B0ND
1899.]
7,
BONOS.
!1
H.Y.STOCK EXCHANGE
Wbek Ending Oct.
6.
Week's
Range
Range or
BONDS.
since
Oct. 6.
Last Sale.
N.Y. STOCK EXCHANGE
Week Ending Oct. 6.
Ask
Bid.
1
.
.
High. No. Low. High
Loxt.
101
98Vi
92H
99
99>6 Sale
lOlH
90T4
Sep.'99
88
83
Feb '99
SHJi Sale
37
110
•101
Jan.'99
lOOJ^ Aug'99
.
94^
Sale
97^
Sale
9
i*3
95
91}^
"97
'Viji
485
99
100
78
83
Southwestern Div 4s.. 1921
Chic & Iowa Div 5s. ... 1 905
1927
Nebraska E.xten 4s
1927
Registered
108 110
Han &St Jos con 6s.. .1911
100^ 102
Chic Bit & Nor 1st 5s. 1926
Chic&EIll. Istsf cur 68.1907
Small
1907
1934
1st con g 6s
Gen con 1st 5s
1937
225 94M 100%
Registered
1937
Chic & Ind C Ry 1st 5s 1936
3Si
97
Chicago & Erie. See Erie.
Chic Ind
l^ouisvN
'
loiu lii
Mar'99
93% 94
32^ 321^
10% 13M
108^112
112
Jan.'99
128J^ May'99
A-O
M-N
1932 J-D
123
103
89
103M Aug'99
Feb '99
89
let genera Ss
Beech Creek. See N Y C 4 H.
Bel & Car. See Illinois Cent..
K & T.
Boonev Bridge. See
130M
106
89
M
Bway&7thAv. S«eMetSRj
BkQCo*Scongug5s..'41 M-N
F-A
Bklyn Un E. Istg 4-581950
Bklyn & Montauk. See L Isl.
Bruns & West Isl g 48. 1938
Buff N ? & Erie. See Erie.
97X 9SM 98
116
117^117Ji
105?i 108^
12 98
104H
99
FA
Roch &
Pitts Istg 68. .1921
Consol lst6
1922
D
107
1089i 108
Sep.'99
107
126
126
129
127
103
J'ne'99
Sep.'99
127
Cl&Mah 1st gugSs... 1943 J -J
Buff & Southwest. See Ene.
Buff & Susq 1 St gold os. 1 9 1
O
111
127« 129
130H
Apr '97
o
-D
A-C
Registered
1934 A-O
M&StLl8tgug78....1V'27J-D
CRI F&NWlstg58.1921 A-O
st 5s.
.
3d58
107
109
109
115«
ll?k
107H
lu8
105
106
110
111
117^
IIOJ^IIO)^
108H
10«H 10714
Sep.'9W
Jan.'97
106
105
Jan.'99
107^
Sale
Carb & Shawn.
105
89
See Bait & O.
CenRR & B of Ga— Col g 5s'37 .>I-N
Cent of Ga Ry— 1st g 58. 1945 F-At
J'ly '99
90
122
...
40
11
13
11
4H
95
96
102
110
.
95J<
141
96
\\9}i 120
117^ Sale
I
1'9H
117«
08^ lOOH
1912 M-N
Reeii gug5s.'2 J-J
104
Le&Hud
Am Dock & Imp Co 58.1921 J-J
N J South int guar 68..1899 J-J
91%100M
38
3ep.'C9
Sep.'99
0-«
99
...
15
7«
Dec '98
J'ly '98
J'ne'\J9
Speyer & Co ctfsdei' E iwoo
Speyer 4 C« ctf FGUI. 1901
San Joaquin Brg 68...1900
Speyer & Co ctfs..
Guaranteed g 5s
1 939
Speyer & Co eng cts
Land gran' gold 5s.... 1900
A-O
A-O
A-O
1918 J-J
l'9k
1
100
Mar'99
8
Registered
General gold 48
Regisiered
Des M & Ft D Ist 48.
99
114** liiii
1031^ 104J^
1st
103}^ Mar'99
103
112J,
107
112
Apr'99
Apr'99
.
122^ Chic & West Mich Ry
Coupons off.
109^
Sale
117«
117
95^
104
100
99
99
1>'4^
J'nB'99
lOlH Apr'99
lOOH lOOii
100>^ Sale
109
J'ne'99
10394
10894
Feb '99
106%
Railway.
Bid.
17
M&S 109%
J&D
88
111
90
99
106% 106%
tBonds due July.
Securities.
Worcester iMassiTr-Com
E»ref erred
NKW fORK
Cent Union Gas— Igt 58
93% Con Ga* (NT)— Stock—
38% 83%
Deb Ss 1908
M&N
81k 89k Bqutt Gaa
33
85k
96%
Dn'd Tr4Kleo(Prov)-8fk 106
107
W«it Chicago ei
11894
_ Oon 1986
MAN 1106k 119k
108
Istes 1899
Con. 5b 1932
Mutual Gas
N.
Bid.
.
7
Ask.
tDueNov.
139%
109k 117%
107
Aug'99
107
107
114
:oo
110
114
Aug'99
110
114
92
104
118%
108%
119%
178
Sep.'99
161% 173
172k
l7Hk
17'k
I20k
I20k
Sep.'H9
Sep.'9M
Sop.'99
Sep.'99
160% '72k
160
174k
161
172k
112% 122%
120 i20k
118% 123%
129 132%
l-si'k
Sep.'99
1
I
120k Auk'9"
109k Dec '98
123
May'99
I21k 183
11894 124
118k 125
110
112k
I20?i Sep.'99
122k Aug'99
Aug'99
122k J'ne'99
112
121
122k 122%
118k May'99
137k J'ly '99
106k May 97
116
118k
137k 137%
8
81
J'ly '99
J'ly '99
121
125
145
112
123
119
115
Sep.'99
112% 118%
108%114jJ
121
126
121
125
112H Aug'99
142% 14594
111k 115
112k 114
Sep.'99
J'ne'99
Sep.'99
106% 110%
Se".'9f
8ep.'99
120
116
109
110
120
116
115
116
10594 109
105H Mar'99
122^ Aug'99
119k Dec '98
121% 123
111%
108
Sep.'9M
I09k Mar'98
117k 118
J'ly '99
Aug'99
109
103
109
108
124
Oct.'98
J'ne'99
109
106
106% 106M
21 102k 110k
117k 117%
140
111
114
139k 1*3
111
113
Jan. '99
111
114
140
Aug'99
Sep.'99
105k Feb '97
117% 129"
k
Dec'98
138
140
132k Sep.'9M
132k Aug'99
105% 106k
107% Apr'W9
96
146
140
Sep.'99
14% J'ne'99
1
Sale
1^
H
12
144
124
124
tl7k Feb'99
10-
Sep.'9y
114% 114%
131% 136%
132
134k
104% 11094
105% 10774
96
98k
111
114
J'nfc'99
87%
98k 98k
109% 114
140
138
Sep.'99
136
127k Aug'99
Mar'99
1^9
140
133k 129
Sale
Sale
83
87k Aug'99
98k May'99
93
106
120
97k
108
180
P9k
141
127k 138
140 140
ISi
1" 129
5 93k 10294
H
2
106
123
6
SO 120
99% 99%
J'ne'«9
Aug'99
120
120
103k Oct.'«7
115k Sep.'99
112
115%
120
Gaa
Seonrltlea.
NY
Eleo Lt Ht St Pow 48.
Gold 58
NT Y & Bast River Gae—
no7
108
106
116
JlOl
Consol Ss 1945
JftJ
Nor Un Ist 5b 1987. .MAN
110
Standard Gai Comioon.
118
Do preferred
108k
113
lit Sb 1980
MAM
Ist Ss
1944
J4J
YStk Bxob
—
BROOKLYN.
895
58
Pref
i
88k
89
54
99
Due
Jan.
Bid.
ABk.
J'ne't<9
87
Ang'98
9592
9994
Sep.'99
n
May'99
105
113
115
106k 108
96
115
138
118
Brooklyn Un Gas— N Y St OCk H
lat oon 5>— N Y Stock Hioh.
108
W^ilUamBbarg Gas— Ist 6b noo
Option
90
..
95
08
sale*,
Gas Securltlw.
......
97
104M
Due An*.
b
SEGURFTIEb,
>^niD.c
Baltimore Con«oiid»t
Bay State Ga»—
97
103%
99
96k Apr'99
OTUKtt
90
100
94
111
130
11«
02%
97
1U3
99
lC4k
IDoeMay.
consecutive pages).— G'^-S
30
108
F4A
MAS ni2k
1
92k
104k Aug'99
1936 Q-Fb
iDueJune.
29
105
Amsterdam Gas, Com.
iBt OOnBOl 58
134
124
Nov'98
107« May'98
A-O
J-J
M-N
OlBW&MDlylitg4t.l991 J -J
(Us I 8t LA C Ittg 41.1936 Q-F6
"l6 10354 107!^
(Given at foot of
Gas
l39kSep.'99
106% Feb'99
WW
92
94k
2dgold4^8
106
RMrlitered
Aik
18%
105% 108
114 116%
120
1
these are latert bid and asked this week.
•V) «ide Rl (Chic)— atook.
8yracuteRap.Tr. 58,1946
Dnlon Trac (Chio) Com.
Prefet'ed
United Rys (St L)—Com.
Preferred
4»
118H
J'ne'99
959i
»oHi May'98
OUTSIDE SECURITIES
Street
905
1937
1
105
100
106
105
a45 105H, 113%
Ulk lUk
109
110
f D
92
1921
1
101% 105
117« Feb '98
cm D & I Ist gu g 5s. 1 94
115
116>ill9!4 CIStL&C. SeeCCC&StL.
Cin S & C. See C C C & St L.
118f^ 123
City & S Ry Bait Istg Ss 922 J-D
43 117% 121
116>ijll8« Clearfield & Mah. Se<BK4P,
"68 V0% 97H CI Ak&Ceq&2dg6s.. 1930 F-A
92% 97% Clev C n Ch.c & St Loui
Geng48
1993 J-D
"e 104 108
98% Sale
100 100
Cairo Div ist gold 48. 1939 J -J
etLDivl8tcoltrg48 1990 M-N
Registered
101
lOlM
1990 M-N
104
SpriCol Div Istg 4s. 1940 M-S
10 lOOH
Val Div Istg 48. 1940 J-J
108 110?i,
9^H
97% Ang'99
Sale
2d 78
1900 M-N
Miss RivB 1st 8fg 68..1912A-0
Hoohester Ry
Debes 1911
ad Sb 1933
106
Ss.
H & D con 8 f 7s
.
118
930
110>i Chic Ter Transfer g 4s.. 1947
112
CI' & v\ est I 1st 8 f g 6s. 1 9 1
General gold 68
932
120>^
1051^
Aug'99
119}^ J'ne'99
121?4 Aug'99
Chic
No price Fnday;
1st 6s..]
StP&saty 1st g68.. 1919
125H
107
105
106M Aug'«9
114)« Aag'99
118
J-D
"-N 134
J-J
A-O 129
J-J 97k
M-N 105
D 120
1
'99
128
184
I
EUzLex& BS gug 58.1902 M-S
& Alton sink fd 0s..l90H M-N
Lou&MoRiv Ist 7s.. 1900 K-A
1923
Nor Wisconsin
120M120%
Cin
106
1st 5s. .1923
ChicStL&NO. See 111 Cent.
107>^ Chic St L & Pitts. See Pa Co.
ChicStPM&Ocon6s..1930
108!^
105H
111M113M ChStP& Min I8t 6S..I918
Jan.'98
J'ne'99
108% J'ly
110
110
J-J
J-J 106
J-J
J-J
J-J SO
J-J
A-O 108H
A-O
1917
1988
1988
.. 1 905
1905
1905
Small
I
•
2^8
Keok & Des M
103^ 109
11 Ik Sep.'99
120?i Mar'99
123)^ J'ly '99
W
109
MS
112^ 121^
98H 102^
103^ Mar'99
106% Aug'99
107
112
101
121J6
US
117
1
.
125k 151k
115% 1189?
1115^J'ne'99
124 J'ly '99
111^
105k Feb '98
1987
1987
102
ti7H
108^ Mar'99
Divext. 5s
Speyer & Co ctfs
n Pac g 6s '9. S4Co ctfs
Noof Cal Ist gug 68... 1907 J Guaranteed gold 58.. 1938 A-O
Charles &Sav 8tg7s. 1936 J -J
Ches & O— Gold 68 ser A. 1908 A-Ot
Gold 6s
...1911 A-OT
let con g 5s
1 93li M-N
Re Ister^d
1939 M-N
Gen gold 4V^s
1992 M-S
Registered
1992 M-S
R&ADiv st con g 48 1989 J-J
2dcone4a
1989 J-J
Craig Valley 1st g 58.. 1940 J-J
WannSprVal Istg 58 19*1 M-8
F-A
F-A
.
Extension 48
.
Aug'99
116
ll'ii
112^
Mich Div lstgold6sl924 l-J •140
Ashland Div Istg 6s 1925
•I4i>
109^112
Incomes
1911 Yl-N
112^^112^
19 113M 122!^ Chic Rock I & Pac 68
1917 J-J
102
11654 116;^ Ang'99
Cen Pacific— Ctfs dp A. 1898
Speyer i Co ctfs BCD. 1899
109k 113
I03k Nov 98
128
145
117K
1049^ 105
Sep. v9
l2^9a 12-*1
ll6kSep.'9V»
121
117
26 113
1%
1
105
1
44M
11
6
Sep.'99
112}^ Mar'99
Convertible deb 68 .... 1 908 M-N
Gene al gold 58
1987 -J
Registered
1987 Q-Jt
Leh &
B C con as 7s.l900 Q-m;
Steyer&Coctfs
.
Gen Gold 3^8
116>^ 122
6« Aug'99
'tH
Mid Ga & Atl Uiv 58. 194' J-J
Centof N J-lst conv 78.1902 M-N
C&O
95
Apr '99
Sep.'99
94'
Sale
8H«
M
58
.
.
95%
Ist pref income g 58 ..1945 Oct.*
2d pref income g 5s... 1945 Oct.*
3d pref incompg 58... 1945 Oct.*
& N Div Ist g 58
1946 J-J
Mobile Div Ist g 58. .1946 J-J
W
IHTa-lM'^t*
Registered
1945 F-At
1945 M-N
1945 M-N
11PJ4
113W Sep.'99
lUM
M-N 108%
Q-N
E3Caij&LSuplst68..1901 J-J
DesMo& Minn 1st 7s. 1907 F-A
Iowa Midlnnd 1st 8s.
900 A-O
WiLona & St Pet 2d 7s 907 M-N
Mil& Mad Ist 68
1905 M
OttCF&StPlstSs..l909 M-S 109
North lUiuois Ist Ss.. .1910 M-S 108
MilLS&W Istg 6s... 1921 M-N 130
Convertible deb 5s.. 1907 F-A
Ext&Impsf g58...1929 F-A •120
93^
89
Central Ohio.
.
190;
.
Cen Branch U P Istg 48.1946 J-D
1
.
107}illlH
107H 112
CRlaF&N. Se«BCR&N
9
1
Registered ....1879-1929
Sinking fUL,d 5s.. 1879-1 929
.1879-1929
Registered
Sinking fund deb Ss. .1933
Registered
1933
25-year deben ure5s..l909
Registered
1909
30-year debenture 5s..l921
Regis ered
1921
Extension 4s. ... 1 886-1926
Registered . .1886-1926
i3««
Registered
Consol gold 5s
Registered
78.
J-D
Q-F
J-D
J-D
A-O
A-O
A-O
A-O
M-N
M-N
M-N
M-N
A-O
A-O
1902
gfundes
Sinki
See Hi Cen.
Seab & Roan.
<;art,hage&Ad. SeeNYC&H.
Car ('ent.
& ^o^thw— Con
.
»
Registered
Sale
Sale
llOJ^ Feb'99
1 908 J-J
1918lIVl-S
1913l>I-S
.
1913
Registered
109
115^
I
1
1989 J-J5
1st consol 68
Gold 7s
1918
South
.
Registered
Chic
Bur C R & N Ist 58
1 90e
Con l8t& col trg 5s.... 1934
Canada
.
MU&Nol8tML0s...l910 J-D
.
Registered
1916 J -J
48 series A. 1 989 1-J5
Retiistered
1989 Q-J§
Gen gold 3i^s series B. 1989 1-J§
1.
Mar'99
I069g sep.'99
103
Sep.'99
100 Apr'99
.
DakiGtSog5s
since
Jan.
118^Sep.'99
. .
Gen gold
1937 M1947 J
Debenture 6s
117}^ Apr '99
1071^ Stp.'99
J-J
. .
BuffR&Pgeng58
108
109k
109K
UOk
.1947
.
1945 A-O
115
Bklyn Rap Trg 58
BkCitylstcon 5s.l916.'4] l-J ni6>6
llSii
105
A&Ch 1st 6s.. '10 J-J
5s.
Range
Is
Ask. Loic. High. No. Loio. High
J-J 88
Refunding g Os
1947 J-J 108H 110
Chic Milwauke- * St Paul—
M & St P— 1 st 7s 8 g R D.'02 J-J •170 173
lst7sf gold RD.... 1902 J-J
IstC&MTs
1903 J-J
Chic Mil & St Peon 78.1905 J-J
Ist I & D Exten 7s
1 908 J-J
1st Southwest Div es.. 1 90^ J-J 120
lstLaCrosse& D 5s. .1919 J-J 120
1st So Minn Div 6s. ... 1 910 J-J 120
IstHasi&D Div 7s.. .1910 J-J 127
5s
1910 J-J 110 112k
121
Chic & Pac Div 6s
1910 J-J 120
Chic & P W Ist g 53. 1921 J-J 120H
Chic&MoRiv Div 58.1926 J-J 12IM
Mineral Point Div 58..1910 l-J 111
Chic&LSu Div g 58.. 1921 J-J
Wis & Minn Divg 58. .1921 J-J 119
Terminal goldSs
1914 I-J
Far & Sou assu g 68. .1924 J-J
Cont sink fund 5s
1916 J-J
108^6 112
Jan.'99
32>^ Jan.'99
12 B"eb'99
1911
1st Spr'gfleld Div 7s.l»05
Last Sale.
& Louisville —
111 J'ne'99
107Ji Jly'98
2043 Dect
Series B
B & O S WTer Co gu e 58.'42 .1I-N
Ohio & Miss iBt con 48. 1 947 J J
2d consols 7s
1922
ChicInd&Lrefg
Istlnc g 5s ser A.... 2043 Novt
Oct. 6.
Week's
A-O
A O 103M
FA 103
M-S
F-A
M-N lllH lis
M-N
M-S
A-O
J-D 113
J-D
A-O 135H,
M-N 114
M-N
J-J
88^
Itt90
108
94
Range or
113>i Sale
1
733
1.
Price
Friday,
Bid.
903 J-J
1901 A-O
1913 .M-N
1903 M-S
78 ...
DenvDiv4s
102^^
\'6i" Dec'' 98
A-O
MonoD lliv Istiiug5s.l91v F A
Cen Ohio Rlst eg 41^8 1930 M-S
Piits &. Con 1st g 43... 1946 J-J
B & O S Wist gu g 41^8.1990 J-J
B&OSWftycong4)-Jsl»w3 J-J
1^
Convertible 5s
Iowa Div sink fd 5s ...1919
48
1919
96«
87?i
«1
& Nor. SceCB&Q.
102^ Chic Bu r & Q— Con
Debenture 5s
95
Atlan * Tad See South Hy
Atlanta & Char. See Sou Ky.
Austin & N W. See. So Phc.
Creek & S. See M ich Cen
Bat
alt&O prior Ig 3i^s.l925 - J
1925 - J
Reeistered
1948 A-Ot
Ck)ld4s
1948 A-Ot
Registered
BaitB'ltlstg58intgu.l«90 •1-N
W Va&Plstg5s
98
J'ne'99
Sinking fund 5s
M-S
J-J
J-J
Chic & St Lou St 68.. 19
Atl Av Bklyn imp u 5s.. 1934
Atlan & Uauv 1 st g 5s 1 950
'
1.
Chic Bur
See Sou Ky.
labama Mid Ist k a f;. 1928 M-N
Albany ASueq. S««D&H.
Allegheny VaL SeePennCo.
Am Dock & I. Se«CenofNJ.
1995 Q-Jt
Ann Arr or l»t(i 4s
Atch T & S Fegen g 48. .1995 A-O
1995 A-O
Kegistered
1995 Novt
Adjustment g48
1995 Novt
Registered
Equip tr ser A g Ss. .1902 J-J
.
Jan.
Page
(5 pages)
Price
Iriday,
Alabama Cent.
.
PRICES
<Bc.
Bid.
A Ik.
8t (Bait. Lilt
Inoomes
Boston UnltedGaa Bondi- -BOBtO nLUt
10
8
Bnffalo City Oa«— Stock81
i 80
Ist Bs Bonds
:!hl<Mgo Oa»— Se« N Y Sto ok Biz Ob.
103
noeroGas Co ist 68
184
186
inolnnati Gaa A Coke.
45
50
Va)
Norfolk
....
Olty G»«
}101
•••
1ft 8i
jAnd interesttPrloe P«T Bh
.
.
i I
THE CHRONICLE.-BOND
734
51
BONDS.
N.y.STOCK EXCHANGE
Wbbs Endinc
Oct.
Pnee
Week's
Friday,
Bange or
Oct. G.
Lent Sale.
6.
Aik.
Bid.
CCC&
CI St
L
St
Olnd&W iRtpf
Peo & Ban
!!!
High. No. Low. High
Gila
Apr
1990
Inoome4i.
83
20
Ind ooniol 7i..l914 J-O
Oonaol sinking (d 7s. 1 9 1 J-D
Oaneral oonaol gold 6s. 1 934 J -J
1934 J -J
Beglstered
010C&
83
Sale
Sale
20
74
0*8l8iMCCC&I7s.l901 A-0
See Penn
Col
Ool
Sou Istg 43
.£
J-J
1947
1929
F-A
9tb At. See Met St Ry.
Oolnm A Greenv. See So Ry,
Col &
Val. See Uock Val
Ool Conn A Term. See
Oonn A Pas RIts 1st g 48. '43
U
N&W
A Gt
Dak
alias
Waco.
So. See
CM
1900
1871-1901
1915
Istoongnar 7s
1915
Registered
71
85
85
85H
Col
WTLaokAW
144
J-J
F-A
M-N
A-O
M-!!l
DtlAHod lstPaDlT7s.l91T
1917 M-S
Begl8t«red
Alb A8iBl8toongn78l906 A-0
Beglstered
1906 A-0
1906 A-O US^i.
Gold 6s
1906 A-0
Registered
1921 M-N
BensASar 1st 7s
1921 M-^
Beglstered
D«l BIT RR Bge. See Pa RR.
Don Con Tr Co Istg 58. .1933 A-O
1923
1923
1900
Oonstractlon 5s
Term A impt 4s
Warren 2d 78
16
63
20
70
85
41
8tyi
IstcoDg 4
,1936 J
-
105" Sale
1995
1st 5s. 1937
J-D
A-O
71
•
1937 A-O
Sd Hen mortgage 68... 1916 J -J
OnlHed
Istg Ss. 1928
-J
9al So Shore A At g 5s. 1937
-J
East ol Minn. SeeStPMAM.
astTYaAGa. See.SoRy.
Klgln Jul A G 1st g 5s. 1941 M-N
i4i^i4ek
.
Mix Lex ABB.
Im
8ep.'98
May'97
116M Aug'99
116H J'ne'99
inn
164
141
May'98
93
Jan.'99
98".^
133
116
Sep.'99
1
P9^
12
105
Apr'99
110
C A O.
Cort A No. SeeLebANY.
1st ext g 4s
Sep.'99
Sep.'99
68
105
RR 1st gn gold 58.1909
A Erie let g 5s. ..1982
A RR Ist c gu 6s.l92i
Ohio
Coal
109K
May' 99
114
114
131
Sep.'99
106H Apr'99
141
143
142
140
J-J
104
106
liSH 118«
lu-^
101
.
1943
Gonsolgold 5s
Ft B A V B Bge. See StLASF.
Fort St D DCol8tg4Htl941 J -J
Ft
A D C— Istg 4-6s. 1921 J-D
RloGrlstg3-48.1928
Gal nar
al
ASA.
8 P Co
See
HAH of '83 Ist 58.1913
Oa A Ala Ry
Ist pf g 5s.l945
1st cousol e 5k
1945
*
No price
77
J-J
A-0
A-O
78
Sep.'99
139)^
140
140
Feb '99
116H
106
106
"2
Bid.
i«».
U
Olty
A L (t< Btoriaj So.
Col Ghp L a Heat— Com..
Preferred...
lat 5s 1933
101
Mar'99
105
Mar'98
102Ji
93%
70
77
107
113^
95
1021^
lU^UlJi
98M 108M
14
123
RR.
See Brie.
A A G R. See L 8 A M S.
Kal
an A Mich. See Tol A O C.
K C A MRAB l8tgug5s.l92V'
K C PAG 1st A col g 68.192 A-O
Kan C A Pao. See M K A T
2d gold 5s
1941
North Ohio 1st gn 6s. .1945
1997
LehVN Y Istgng4^s..l940
Registered
1940
;
98
67
89
JAJ «105k
6a«(NJ)— Stck
Ask.
100
•
•
«••
•*•
10394
70
93
• •
•
jjiin
lOOM 107
110
101
77
63
87H
66«
99H loex
Aug'99
Dec '98
Bid
Securltlea.
Wayne (Ind)— Btcjk
Ist 6s 1925
JAJ
75
1915
FAA
104
Grand Rapids— Stock
*
1st 5a
J
-J
J-J
A-O
Registered
1941 A-O
L V Coal Co 1st gug 6s.. 1938 J-J
Registered
1933 J -J
Leh A N Y Ist gn g 4s. ..1945 M-8
Registered
1945 M-S
Bl C A N iBt g Istpf6s.l914 A-O
Gold guar 5s
1914 A
LehAHudH. SeeCenofNJ.,
Leh A WUkesb. See Cent NJ,
Leroy A Caney Vai. See Mo P.
Lex At A P F. See Met 8t Ry.
Ist oon g 4s
1931
General gold 4s
1938
Ist
gold
Ferry
i^t. ... 1932
Gold 48
1932
Debenture gold 6s. .... 1934
Vi Ifled g 48
1949
104
. .
....
128
133
100
Bep.'9!-
Aug'99
Apr'99
9<'
113
J'ly'99
Sep.'99
12ii«
Sep.'99
Sep.'99
1149(
71
73M
^
luf
121H
93
65H
20
"3
66
• • •
i
120}<
M-S
llOH
108^ 108Ji
114^ Aug'9«
110
98
NorShblstcoiiggn5s..'82
M-S
M-S
38
133
103
96
98
'99
38
134HJ'l7'99
96
96
101
J'ly'99
100
Jan.'99
107**
J«n.''*90
95
58
93^
100^ Apr'99
60
60
8ep.'99
4
8
8
104
108
106
Aug'99
NoT'97
J -J
1930 J -J
6r .,..,1980
3d gold 6s
Istg 6s.. .1919 J-D 114
General gold 6s
1930 J-D 118
PensaooladlT gold 6s. 1930 M-8 '109^
BtLdlT Istg 68
1921 M-8
adgSs
61
1980 M-8
66
Nash A Deo 1st 7s
1900 J-J
Slnkfd (SAA)g 6s. ...1910 A-0
PAN Aeon gugSs.... 1936 F-A •
109
Gold 58
1937 M-N 109«....
Unified g 48
1940 J-J
99
99H
Registered
1940 J J
Col tr 5-20 g 4s ....1903-18 A-O
98
Pecs A Atl Ist gn g 68.1921 F-A 111
"oil trust kSs
1931 M-N
ioflji
—
||
Feb
101%Sep.'99
115
105
96
AMon Istg 6s. 1911 M-r
1st 5
1911 M-S
NOAM Istg
Aug'98
90«
Bklyn
1943
Sep.'99
104
109HJ'ly'97
Aug'99
101
NYARBlatg6s....l937 M- »
8d income
1937 Sep
N Y B A M B cong 58.. 1935 A-O
General gold 48
1U6
37
M-S
J-D
J-D
120>^
\H]4 U8^Sep.'99
110
181k Aug'99
181k J'ly'99
114
118
109
185
61
107
Sep.'9P
Aug'99
Sep.'99
Deo '98
61
Not' 98
108k Aub'99
109kSep.'99
99
VOk
97k
111
16
97k "i
Sep.'99
I08k J'ly'99
Due January. IDneOetober. iDneJuly. aOptlonaL
Gaa Securities.
Bid. Aak.
Loganspt A Wab Val— Stk
48
68
1st 6b 1925
JAD 67
70
Madison (Wis) Gas— Stck
80
84
1st 6s 1926
AAO {107 111
60
Ohio A Indiana— Stock.
48
1st 68 1926
JAD 67
69
Peoples Gas A Coke— N Y Stock Bxoh
Philadelphia Co— See Bos ton L lat.
StJoseph (Mo)
40
46
5a 1987
JAJ
96
99
Stock
86
68
St Paul GasConsol 5a 1944 ....MAS * 89k 98
'rraonae Gaa — Stock
14
66
78
106
106
•
May'g9
Sale
103
Ask.
• •
183
106)4 Aug'99
...
consecutivb faqe3).—&AS
•
103>^ J'ly'99
103^ Apr'99
121
113
7
•
91?i Aug'99
ina
78H
"95'
B E A Nash
180V< lat
100
101
aS
1*02% Sep."'99
Leh VTerRy Istgng6sl941
Lou A Nash— Ceoel Br 7sl907
98
101 Mar'«100J4 8ep.'9«>
M-N
•'••« ••••§•
•t»«»« ss««««
(Given at foot of
B'on
J-J
A-O
M-N
181H 135«
100^ 107}«
ai« 23k Hartford (Ct) Gas L... 25 t 43
72
Ist 5b 193n
JAJ
87k 8-k Indiana NatA lU Gas— Stk 68
Oonsol Gas (Pitts)
MAN 70 76
1st 6s 1908
31k 32k
115
Pref
Indianapolis
Stock.
110
Gas—
57k
Bonds 5b
lBt6sl920
MAN 108 105
113k
OoDBum Gas (J City)— Stk 101 105
260
Jersey City Gas Light.
lat 68
MAN 101 103 Laclede Gas— N Y Stock Bxcta.
S«crolt Oas- See N Y Bxo h. list.
65
Lafayette (Ind) Gaa- 8th
M*N '77 HO
lit «• l«24
Bssex A Hudson Gas
48
40
Oonsolld
Jefferson
N Y Bay Bx R l8tgng5s*43
Montauk Bx gn g 5s. ..1945 J-J
La A Mo RlT. See Chi A Alt.
L B A St L Con on g 58 Tr oerta
•
771^ Sep.'99
e5H Sep.'99
105
106
95
120
104
J'ne'99
10451 Jaa.'9vt
106 Sep.'9«
W
Long Dock. See Brie.
Long Isl'd— Ist oon g 6s. 1931 Q-J<
90
93
106M
1141^ J'ne'99
M-S
111H116H LRAMl8tg6sl937Trotfs.
14
106
.
these are latest bid and asked this week. tBonds due August. tDueApril.
Friday
Securli
141M
J-J1
OUTSIDE SECURITIES
Orb
131
Feb*99
>
W
116«
139>fil455«
'
FtW A
131
106« 106H
141
Dec '98
Dock A Imp 1st our 68. 191 J-J U7
N Y A Green L gu g 58. 1946 M-N 108
109 Oct.'98
Small
1946 M-N
rle lttoong4spr bds.1996 J -J 90 Sale 90
91
Beglstered
1996 J-J
93^ May'99
Isteongenlleng 4S....1996 J -J "ii" Sale
71
71
Beglstered
1996 J-J
K Y 8 A W— 1st ref 6t.l937 J -J 108
111
Sep.'99
1937 F-A
Sd gold 4^8
93« Aug"«8
Geaeral g 5s
1940 F-A
97
97
Terminal Istg 5s.... 1943 M-N
UIH J'ly'99
Regis 95,000 each .1943 M-N
WllkAKasl at gu g 5sl942 J-D
106M Se"p.'''99
MldRRofNJ Istg 681910 A-0
134H 132 J'ly'99
•esD A L Sup. See C A N W
Bveka Springs 1st g 68. 1938 F-A
65 NOT'97
1st oon 68
1921 J-J 122 126
tATH
135 Sep.'99
1st general gold 6s.,.. 1942 A-0 102>^ 103^ 104
104
HtYernonlstes..,...1928 A-0
BBnll CoBr'ob ]stg5B..1930 A-0
••••••
BrAIndlttcongng e8..1926 J -J 105
100 J'ly'99
Fargo A So. See Ch M A St P.
FUnt A Pere M g 6s. ...1920 A-O ,.... 120 183 Aug'99
1st oonsol gold 6s.... 1939 M-N
106 105M 8ep.'99
Pt Huron DlT Istg 58.1939 A-0 105 110 107% Sep.'99
Fla Cen A Pen Ist g 5s. 1918
1st land gr ext gold 58.1930
1932
Register* d 58
J-J
A-0]
n-ti
Istg 4s
8 A M S. See N Y Cent
Leh Val (Pa) oollg 5s..l997
104M111
131
114
131
102^Ap^.'9^
1'
1I6«133H
J'ly'99
NoT'U>-
104
lllM 116
19
J'ne'99
Ind Deo A
Ist g 5s. ..1935 J -J •103
Ind 111 A la Ist ref g 58..1948 A-O •104i<
Int A Gt No lat gold 6s. 1919 M-N 134X
8d gold 5s.
91^ 93
1909 M-S
3d gold 4s.
63
65
1921 M-8
Iowa Central l8tgold5s.l938 J-D
115
Iowa Midland. See Ch A N
AS
Kansas Mid. See St L A 8
Kentucky Cent. See L A N.
Keok A Des M. See C R I A P
KnoxTllle A Ohio. See 80 Ry.
LakeBrleA Istg6s.l937 J -J
72
118
J'ly'99
106
Feb
W
93)i Feb.'99
J'ly'99
131
121
Sdextgold 5s
Sd ext gold 4Us
4tbextgoId 5s
feff
109
98H 104
107H 112%
102« lOm
107M 108
114^
108M
See
BttffA8Wgold6s....l908
Small
1908
1C3
ICO
118^
112M
Sep.'99
iioT'9t
W
108
106
106
103
121
IndBlAW. SeeCCCAStL.
93
90
'07!^ J'ly'99
103
104
90
Carb
160H 154
22
101
ill
n4i<ii7H
108»^ Sep.'99
lOm
183
L
109
.
1947 W-N
130
1919 M-S* 118«
1923 M-6 •114
117
1930 A-O »
121
Ctli ext gold 4s
1928 J-D
Itt oonsol gold 7t...,.1920 M-S 141
Ittoonsolgold rd 7s. .1920 M-S
Long Dock oon gold 6s. 1935 A-O
BoffN Y ABrielst7s.l916 J-D
rle
122
130H 130^
78
110
UiH
143^
117
108^ 108H
Aug'98
Beglstered
WAS
i'ss"
ia0J< Apr'99
123 J'ne'99
108
.
Gold 4s
losmii
3al«>
BasMAMlun. SeeChANW.
Des M Un Ry 1st g 5s. 1917
BetMATol. SeeLSAMSo.
Det A Maok IstUeng 4s.l99S J-D
.
141H 144
103
99H
J
1936 J -J
iHt
ImproTement gold 58.1928 J-D
Set M A Ft D. See C R A I P.
1st con g
136;^ 136K
134V^ 134Ji(
108i< J'ne'99
141i4 Sep.'99
140 ()cu•9^
138 J'ly'99
123 Sep.'9H
1081^ J'ue'99
A-O
J-J
M-8
1951
:oiH 100%
'-00
Registered
1951 M-S
Coll Trust gold 4s
1952 A-O
Registered
195a A-O
li N O A Tex gold 4s
196» M-N
Registered
1953 M-N
CoUtr 2-10 gold 4s. ...1904 J-J
Registered
1904 J-J
Western Line Istg 4s.l95l F-A *lll
Registered
1951 F-A
Louisville DlTgS>is .1958 J-J iba'
Registered
1958 J-J
St Louis DlT g Ss
1951 J-J
Registered
1951 J-J
Gold 3^8
1951 J-J
Registered
1961 J-J
Cairo Bridge gold 4s.. 1950 J-D
Registered
1950 J-D
Middle DiTreg 68
1921 F-A
Spring Dlv Istg 3^8.1951 J -J
Registered
1951 J-J
ChloStLAN Og 5s.. 1951 J-D
Registered
1951 J-D
Gold 3^8
1951 J-D
Registered
1951 J-D
Mem DlT lstg48....1951 J-D
Registered
1951 J-D
BeUeT ACaTl8tes....l928 J-D 120
BtLSon Istgag4s...l931 M-8 104
69
76
90
141?gSep.'99
107
8ep.'98
108
146
143
Den Tram Co oon g 6s. 1910 J -J
MetRy Co Istgu g 68.1911 J -J
Jian A R Grist gold 7s.. 1900 M-N
Dal A Iron Range
63^
72H
1349i Auk'99
J-D
J-D
Wl8textg48.194fe
1st gold 38 sterling..., 1951
126H J'ne'9»
1st 6s. .1921
&HV
Registered
134>|
A-0
J-J
A-O
J
J
T Ist g 58.1938 M-N 103
134« 137^ Houst B A
HoQs A Tex Cen. See So P Co.
Istg
ilUnolsCent
108^ 1081^
4s... 1951 J-J 110
Registered
io6« :os^
1951 J-J 110
1st gold 3^8
1951 J-J 102
1st
Registered
A 8tP.
7f
7u
oon g 4Ha.l999
1999
Sep.'99
63
SeeM KAT
A
Dal Lack A Western 7s.. 1907 M-S
Bti Blng A N Y 1st 7s. 1906 A-O
If orris A Bssex 1st 7s. 1914 M-N 140
See 80 Ry.
Set .-o Pac Co.
Ind. See Ha Co.
137
64
High No.
May'99
Paclflo.
33
72Hi Bale
&
101
133}^
128
Week's
Ask. Low.
J-J
17
106>ji Sep.'99
63
)1
Lcut BtUe.
135^
Co.
lltg4s
Oct. 0.
J'ly'99
184Ji J'ne'99
A
SvrMldl'd—
1st g2-3-4s. 1947 J-J
Pitts.
Bange or
188H
108MFeb'99
106«
Friee
Friday,
V G & Nor.
Hock Val
. .
01 Lor & Wh con let 5s 1933 A-O
OlaT & Marietta. See Pa RR.
a«T& Malion yalgSs..l938 J -J
1938 Qn-J
Beglstered
gn g Ss.l939
[Vol. LXIX.
2.
A St J. SeeCBAQ
Han
onsatonlo. See NYNHAH.
88« 88^
14
85
20
1st
Grand Rap A
103H 103H
1938
St...
1st oon 4i. 1940
Page
Bid.
Ga Car A No
Georgia
118« J'ne'99
103^ Apr'99
IndBl&
(5 pages)
BONDS.
W.Y. STOCK EXCHANGE
Wbek Bndino Oct. 6.
(Con.)
LA C cons 6f.. 1930 M-N
& CI con Istg 5s.l928 J-J
W lit pf 7I..1900 J-J
(nn S
Low
Bange
nnce
Jan 1.
v-9
PKICES
U
SBOURITIBS, do
(jaa SecurltlPB.
Syr'seGas- i»i 6s '46. JAJ
Western Gas (Mtlw)
Bs-See N Y St Bx Hat.
Bid.
78
107
7
I
10
Teles. &: Teleph.
— NY
>Tr>«rioan Dl«' Tel«
Bell Telepli. of Buffalo...
jentrai a South Amer....
Ohea
A
Bond
Stock
B]:i
i';e
18
114
11
104
184
18
Poto Teleph— Stk
5b
Commercial Cable
Jommer Union Tel (NY).
jAnd
tnlarest. tPrioe per ah
..<
11
r
t
Oct.
7,
THE CHRONICLE -BOND
1899.]
BONOS
II.T.8TOOS. £XOHANaE
Wbbk
£^a>INO Oct.
Friee
Friday,
Week's
Range
Range or
tinee
Oct. 6.
Last Sale.
Jan,
6.
Ask Low. High
Sid.
Lon A Hash (Con.)
LAN&M,kMlBtg4^s.l945 M-S
NFla&SlstKUgSs ..1937 F-A
Low.High.
lOe^i Aug'99
108
107U
1064 1104
Sep.'t)9
J-J 98M
96
99
IDS Jan 'US
M-N
93 gep.'99
M-8 92
LNA&C. Seed Ah.
LonU By Co 1 st con g Ss. 1 930 J-J
109 Mar'98
MalionCoal. SmLS&MS.
anhattan Ry oon 4s 1990 A-0 106 108
109% Sep.'99
Matropol m 1st g 6s.. 1908 J-J
119^ 1184 >19
Sd6s
103
1021^ eep.'99
1899 M-N
Man 8 W Coloniz g 5i. 1934 J-D
Kontnoky Cent g
91
4i. .1987
LOln&Lexg 4^i....l931
ftAJeffBgeCo gag 41.1945
.
1943
Beglstered
OolA9thAy 1st gagSs. 1993
1993
Beglstered
hn AtA P F Istga g 5s.'93
Beglstered
4s ... 1 9 1
1st oon Income g 8s... 1939
Sd oon Income g 3s. , 193v
qalp&ooUg
120
J-D
M-^ 123«
M-8
M-S 134"
M-S
J-J
ri
\-0
M-8
J-D
4s.'77
937
tdlno6s ACp 8tmpd.l917 M-8t
>d income gold 6s B. .1917 An.*
Mez North 1st gold 6s. .1910 J-D
Beglstered
1910 J-D
1
N Y Cent.
S««NY8us4W
Mioh Cent.
Sale
130
125
123% Sep
93
95
lie
of N J.
MU HI Ry A L SO-yr g 5s 1936
L 8 & W. See Chlo & N
.
M
984
112?<
86H
II8IU 124
181
1354
120
'99
123« 137
124" 1274
m"
T'H
3SH
Sale
184
30
68^ 784
164 29 H
9« 14^
62
844 88K
Sep.'99
13
27^
13H
86
100
86ii
Sep.'99
14
97
100
110
100
Minn St Ry lstoong5s.l919 J -J
Minn Un. Sm St P M A M.
Apr '99
Feb '97
14
Beglstered
IstooUgoldSs
Beglstered
PacBof Mo
1st
ex g 4b. '38
Sd extended gold Ss. 1938
Verd V I A W Istg 5s. .'26
lieroyACV AL l8t«5s'26
8t Louis & Iron Mounialn
«*enconry &ldgrtg58'31
OencoDitampgtdg 58'31
MlssRlyBdge. Se«ChloAAlt
Income gold 4s
• •
USH U5«
"97
•
150
131
137
138
151
.
••
'
9«
Sale
••••
Apr '99
145
131
137
J'ly'99
Jan.'99
Deo '98
115K
26
97
6s. . '37
1st extension gold 6s. 1927
fieneralgoid 4s
1938
92M
68^
93
90
78
06K
49
69?i 116
14
94
93M
92^
3
Sep.'99
Sep.'99
l8treg4s.'03
N Y A B B. Bee Long Isl.
1014 1074 N Y 8 A W. See Brie.
31 108?* 1819, N Y Tex AM. Sm 80 Pac Co.
lu 114
Norf A West— Gen g 6s. 1931
117
98
S4
95^ 95
3ep.'e9
88
107H Aug'99
111^ J'ly'99
106
.;;;;:
11'. V^
115
98
014 102
7
984
100
1114 116
i06Hi J'ly '99
Sale
109H
110
109
110
109
:18
Aug'9H
j'ne'feS
95
J'ly '98
I104117M
16
10994 11612
12*84 Sep."99
Solo
NA
VAN
Blatgug4B.1989
Beglstered
Small
North minols.
105
109
1996
1996
Sm Chi A NW.
Su L Brie A W.
A-O
A-O
AN
P gen g
139
Aug'99
1315< J'ne'99
"si" Sale
84
lOHH 109
86
109
133
106
Sale
'
130
101
106
Sep.'99
Sep.'99
115
Mar'99
1»394
101
1054 1064
106
115
115
J'np'99
113
118
"3*84
isa"
118
118
133
188
123
128
net.'9«
Sep. 99
1104
114% 1164
106
06
118%
111
•••••• •••••
••••• ••••«
a30
May'99
'09
1124
103
108
Feb.'»»
1214 J'ne'98
1354 Jan.'98
1064 Feb.'98
108 Jan-'98
074
Sep.'99
10594 109
64
J'ly '99
1054 1064
1044
1884 185
not.'07
Sep.'99
Sep.'«9
78
»«
101
186
Aug'9U
133
138
106%
1044
105
...
1
It
186
1 83
••••• tsetfi
113
113
1044
Sale
133
1004
92
1794
794 Sep.'99
11794
1 1
J'ly'99
10394
1044
1014 Nov'OS
135
1 30
J'ne'99
101
101
83
Aug'99
1174 AQg'98
101
Feb '97
914
924
964 J'ne'9u
Sale
118
1194
Sale
130
130
185
180
964 101
8«4 e85<
954 864
<44 180
1
J'ly'99
1084 104
1(.S4 35
208
66
Sep.'99
1194
loeu
118
1314 I814
1014
1024
65
66
95
108
113
132
"esJisaVe"
lis
1
1314 May'99
Sale
181«
113
57
J'ly '99
138
132
!019* lOflJJ
102
70
65
654 664
96
»0
112
May'99
1194
304
1084
lC84-I'ly'98
1074 1084
103
1C34
"79"
103
•"7*64
Ore A Cal. Su So Pac Oo.
Ore Ry A Nav See Un Pac
See
n4}Jll74
Apr'9w
103
122
1024
OlndAW. SMOCCAStL.
hlo A Miss. See BAO 8W.
Ohio River RR lat g Sa..l936 J-D
Qeneralgold 5s...
1037 A-O
om AStL latg 48
1901 J -J
OCKR&NiV
1034 1074
lu394 IO64
-034
121
F-A
1097 Q-J
1304
Oenerallien g Ss
3047 Q-Ft
12a
Registered
22
2047 Q-Ft
324 90
Wash Cent Istg 4b.. .1948
5 106
10fa4
Nor Pac Ter Co 1st g 6s.l933
Nor By Cal. Su Cent Pac
Nor Wis. SMCStPMAO.
Nor A Sonth 1st g 5s. ... 1941 M-N
M or A Mont. See N. Y.Cent.
ISO
101
123
10394 Ang'90
116 J'ly '99
111
RegUtered
135
117
J'ly '99
1194 Apr '99
Registered otfs
1938
Prior lien r A i g g 4s. .1997
130
183
1084 Deo '97
1921 J -J
6s. ..1923
Aag'9»
1164 n44Sep.'H9
1084 ilu9i 109
1094
\\A% Northern Pacific—
aenlstRRALasfg6s.'21 J -J
1114
BtP
•129
1141^....
M-N
M-N
W Ry Istoong 4s. 1996 A-O
Apr '99
113
107
1034
J-D
New River lat g 6s....l938 A-0
ImprvmtAext g6s...l934 F-A
CC AT Is gug Ss.... 1932 J-J
North Ohio.
104
10
-J
-J
Sm L A N
June RR. 8m N Y Cent.
1034
1034
65*' "85*'
Sep.'''99
Un Pac
Ste Un Pac
A Rome. Sm N Y C
O O F A 8t P. Sm C A N W
PacCoastCo— lat g58.1946 J-D
acof Miasoorl. See Mo Pac
Ore Shurt Line
Uiwego
HJ
N J Soathern. See Cent N J.
NewAClnBdge. SMPennOo
M 0AM Eprlorllen g6B. 1915 A-Ol
N T B A Man Boh. See L I.
N Y Bay Biten RR. See L I.
M Y Cent A H El— lst7s.l90S J -J iim
Beglstered
1903 J -J
Debenture 5B0f. 1884-1904 M-8
111^
lUH
111J4
106^
..
98
107
106^
109«
103H
107^
8ep.'97
J'ne'99
104?< Feb.'99
101H Sep.'99
102?^ Aub'99
IIIH Sep.'99
1184 Apr '90
99
9H%
98
100
104
104
III-
1114
1114
107
.
F-A
F-A
M-N
9K«
eep.'99
9s
May'99
Aug'99
Aue'99
these are latMt bid and aakadthliWMk.
OUTSIDE SECURITIES
Bid
8
Ask.
80
rie Teleg A Telep— Sm B oston List
Franklin
42
60
Sold A Stock
1184
00
111
114
116
315 880
Bosto nllBt.
on list
North western Telegraph
115
H T A N J Telephone.... 193 198
.» 1980
MAN 118 116
Sale
105
106
103
14
108
A-O 10294
M-N
1144 118
-J
1184 1154 Sep.' 99
11394 116H
J-J
11394 Mar'99
5 11141174
Gtd34sooI trust reg.1937 M-8
103 Nov'98
1
107 1134
P C C A St L congn g 4481144 lis
10 10641134
118 Sep.'99
BerlesA
1^40 A-O '1154
119
114
Series Bgnar
1943 A-0 1164
1134 J'ne'99
113 Nov'98
Berles Cgaar
1942 M-N
1034 105
107 Dec '98
Series D 4a guar
1945 M-N
107
1054 107%
PltU cm A St L 1st 7S.1900 F-A
1019^ 107?^
10594 Apr '99
BegUtered
1900 F-A
1094 ADr'97
1029* 102«i
13894 1*1
Pitts Ft W A O 1st 7s. 1912 J-J
140 Sep.'99
110% 1134
1404 1*04
8d7s
1912 J-J
1114 1184
1404 May'99
135
135
103
61
99
Sd7s
1912 A-Ot
135 J'ne'99
1194 119«
108
C 8tL A P Istoong 5S.1932 A-O
98
1194 1194
Register-^
1932 A-O
"l
98
1024
1054 108
Olev A Pitts cons f 7s. 1900 M-N
974 100
054 Sep.'99
121
131
Gen
gu
i08
44sser's
A.1943
131
J -J
J'ly'99
K
103H
OS
SeriesB
1943 A-O
tDn* Jan. tDneJuly. UDneJnne. i Dae May. tDncNor. a TheM arc optloa salea.
1917
1910
PennCoga latg 44a... 1931
8 1114 1174
Registered
1931
SfaubBidyg6a
M-8 lObi^
M-8 lf>6>i
J-D lOl^-J
Registered
1890-1905 J-D •lOd
Debtoeruextg 4B....1905 M-N 102%
Beglstered
1905 M-N 102%
08«B
1997 J-J 110 111
Beglstered.
1997 J-J
Lake Shore col g 8)^8 1 998 F-A
99M
Beglstered
1998 F-A
Registered. ...1884-1904
105
Panama latafg 448
Beg deb Ss of ...1889-1904
Debenture g 4s.. 1890-1905
Bonds
Hudson River Telephone
Interaatton Ocean
Mexican Telegraph
Mexican Telephone— See
New Bng Ttiep— Sm Boat
A Oreenw Lake. See Brie
A Uar. Sm N Y C A Hud.
Lack AW. Sm D L A W
L B A W. See Erie.
W
96)^
Bch.1923
<fc Tf leph.
Bdj "Uii* 'J'ei
J-D
A-O
NY
.
No prloe Friday;
Y
Y
Y
Y
.
1937
NH
NawHAD. SmiNYNHAH
Mich Cent coU g 3His..l998
Beglstered
1998
Harlem let 7s
1900
Regtatered
1900
1274
10
112%
11 '4
106
111
J-J
IM-N 1104
Convert deb certa $1,000
A-0
Small certf8$100
11041104
Honaatonlc R oon g 5s.l937 M-N
A Derby oon 5s... 1918 M-N
91H 96
ANBlst7s
1905 J -J
654 739^
1st
6s
83
1905 J -J
964
N T A North. Sm N Y O A H.
86
95
N TO A
Ret 1st g 4sl992 M-81;
754 83
BegU 95,000 only... 1992 M-Sil
85
964
N Y A Put. Sm N Y A H.
lst6sMoM MWAA1.1917
1st gold 68 Jasper
t.
May'97
112%
1124 1184
r\
St Ist gn g 3s '89
NYANH. SmNYNHAH
Sep.'99
Montank Bxt. See Long la.
Morgan's La A T. Sm 8 P Co.
Hash Flor A Sbef
A
Registered
J-J
J-J
A-0
103
113
A-0
NT Chic A8tLlstg4s.l937 A-O
BeglstTed
N
N
1104 1164 N
N
96
100
106
117
116
98
110
109
J-D
Q-J*
M-8
F-A
103
112
.
llOM Sep.'99
A-0
A-0
Montgom DlT Ist g 5s. 1947
8t LA Cairo gug 4s.. 1931 J -J
MohawkAMal. Se«N YCAH
Monongahela RIt. iS«e B A O
Mont Cent. 8m St P M A M.
MorrtsABssex. 8««DelLAW
Nash Chat A St L 1st 78. 'IS
3d 6s
1901
1st oon gold 5s
1928
l»t6sT A Pb
1917
6s
6s
NYNHAHart
•*•*«•
••••••
1
150
135
187
J-J
1945
Mob A Ohio new gold
tiMse
Jan.
Ask. Love, High No. Low.High.
1903 ll-N
1909 M-S
1931 M-S
1931
1940
1940 J -J
Registered
107 ji
BmaU
Telyig.
ClnASlstgLSAMS7s'01
EAAOR Ist go 58.1938
Mahon C'l RR 1st 5s. 1934
Mich Cent— 1st oon 7s 1902
14
Bat C
F-A
J-J
M-8
J-J
MobABtrm prior Ueng5s.'45
lllii.j,ir«) at
OoTd 34s
100
Registered
. .
1917 M-81
1917 M-St
193U F-A
1920 F-A
F-A
F-A
J-J
J-J
J-J
J-J
J-J
1900 Q-JJ
1903 J-D
1903 J-D
1997 J-D
1997 J-D
Beglstered
1034 1054
106M Feb.'99
Mo Kan A Tex— Istg 4s. 1990 J-D 93 Sale
Sd gold 4s
1990 F-Ali
693^ Sale
1st exten gold 5s.
1944 M-N
91
94
MKATof T lstgag5s.'43 M-8 90 Sale
KO APac Istg 4a.... 1990 F-A 75 77
Dal A Wa 1st gu g 5s. 1940 M-N
95
Booney Bik Co gu g 7s '06 M-N
ffebc^ Neosho iBt 7s. 1903 J-D
MoK A B 1st gag 5s... 1943 A-0 •103^
Mo Pao— 1st con g 6s ... 1930 M-N 117HSale
M7s
1906 M-N 116 Bale
•
Beglstered
Con80l2d Vs
«8
. .
M StPASSM con g 4s Int gu' 38 J-J
Last Bale.
Lake Shore A Mioh South—
Det Men A Tol Ist 7il906 F-A
Lake Shore con I8t7sl900 J-J
Registered
F-A
W
Oct. 6.
Bid.
J -J
Ba^xge
Weeiei
Range or
B W AOgoon lstext58.'22 A-Ol
1st gn g 5s.'16 A-0
B WAOT R Istgu gSs. 18 M-N
Oswe A R3d gag5s..l915 F-AS
Utlca A BIk RiTgug 4s. '23 J-J
Mob A Mai Istgu g4s.l991 M-S
Cart A Ad Ist gu g 4s. 1981 J-D
N Y A Put 1st oon gn g 4s.'93 A-O
NY A North Istg Ss.. 1627 A-O
1st con 5e
MU A Mad. See Chic & N W
MU A North. SMChM&StP
MU A 8t P. Sm Ch M A St P
Min A St L gu. Sm B C R A N
Minn A St L— 1st g 7s 1927 J-D
Iowa ex 1st gold 7s... 1909 J-D
Booth West ex lBtg7s.'10 J-D
Paolflo ex 1st gold Os .1931 A-O
1st cons gold 5s
198-1 M-N
Ist and refund. 4a ...1949 M-8
M A P 1st 5b 8t 4B Int gu..'36 J-J
MSSMAAlstg 48 Int ga. '36 J -J
TrattB 5s
1986
1st 4s gn. 3361
735
3.
Prtee
Friday,
3361
Beech Crk Istgn g 4s. 1936
Beglstered
1936
Sdgngold 5s
1936
Beglstered
1936
Clearfield Bltam Coal Corp
Istsf lntgug48 8erA.'40 J -J
Small bonds series B. .'40 J -J
Qouv A Oswe Istgu g 58.'43 J-D
Se«
Mid
1st 4s. 1986
Registered
West Shore
99
131^
100% 102%
126J< J'ly'99
"iTH Bale
13!^ Sale
J'lyl
,
.
5s
M«z Internat 1st oon e
Mex Nat 1 St gold 6s
NJJoncBga
10894
Page
Nor A Mont
.
Max Cent oon gold
BONDS.
N.Y. STOCK EXCHANGE
Wbbk Ending Oct. 6. 5«
N Y Cent (Con.)
.
Market etc Ry I8tg6s.l9l3 J -.1
MoK'ptABV. 8e«PMoS.JtY
Metropolitan El. S«eMan Ry.
M*t 8t By gen o tr g 5b. 1997 F-A
Bway&7thAylstcg5i.l94S J-D
(5 pages)
Beglstered
.
.
1.
PRICES
1
1
(Given at poot of 7 oousecutive pages).— r^^i J ELEGTRIG,
Teles. Si Teleph.
"actflc
J
*
Atlantic
Providence Telephone.
Southern A Atlantic
West'n Union Teleg— N Y
Electric Compantea.
Allegheny Co Light Co..
Brush blectrlc Co
Br'dgprt (Ct) HI Lt Co.35
Consol Bleotric Storage.
Bddy Electric Mfg Co.. 35
Bdlaon Bl lU Co NY— N Y
Bdlaon Bl 111 Co Brk— N Y
Bdlaon Ore MlUlng Co...
.
Bid
Ask.
78
82
x90
102
98
Stock Bxoh
168
t
t
44
47
10
134
172
46
Companies-
Electric
15
Stock Bxoh
Stock Bxch
13
8
Ask.
Bid.
Electric Co "a t^»
tl.t'o. 148
Toronto (C au
.tt Co.
Tt. ino HoustWfc
Bast Bnd Bleotric Light.
Bleotro- Pneumatic Trans
194
Wayne Biec. Co.. 35
8c.
40.
Series A
General Electric Cc
N Yi Stock Bxch
Do pref.— See Boston L 1st.
Hartford (Ct) BleoLt Co. 138
133
—
Mo Bdlson
Dn
Lt&PowCo25
Electric
preferred
Narragan. (Prov)BlCo.50
New Hav (Ct) Biec Lt Co
Island Bleo Pro ^o.
Rhode
Bondd......
i
t
6
8
86
67
96
195
28
69
100
1184
18
Draert FlecLtAPCoiref
Fort
Hartf'd(Ct)
20
Bid.
1
die
Woonsocket ;R
«
H Ei Co..
96^
Bonds
Ss
974
106
ferry Companlea.
Brooklyn Ferry-Stock
ASk.
144
100
18
86
..
«
96
974
Metropolitan Ferry—5s.
10994 112
IN J A N Y Ferrv— Stock..
115
JAJ
1948
ai3
IstSe
iAna Interest. tPrloe oer ah are
I
I
THE CHRONICLE -BON J
73H
BONDS.
tLYJffSOCK EXCHANGE
Wbbh Ending Oct. 6.
Friet
Friday,
Week'$
Range
Sange or
since
Oct. «.
Lout Sale.
ne
Con«
113!^ J'ne"99
113J,113><
Not'97
102
108
191W
191^
IMgiatered
SPof
May'97
••••••
reel St pd.. 1
115)^F0b.'99
99
97
121
SeeB&U
Fltta&OoonellsT.
A West
93« 99H
128
100
194:-!
1st g 4a... 191
A-O 109
107«
Oot.'98
121
Nov' 98
J*ne'99
J'ly'99
J'ly'97
Sep.'99
99
90
116
98
99}i 99
Saie
99
86^
Sale
99
Sale
98
1
Cent
ar Juno
file
-J
let gu g 4b.1«17 A-OH
Ist go g 5s 1939 J -I)
99
101
126
100^
33
98
97M
10
J'ne'99
May'99
AUK'99
72
79^
83H
8S>^
86
U5H
1 1
4^
115H 114
'.23^Sale
109!4
•100
1987
5ep.'99
J'ly'99
123
109^ 109
WniASF
latg 5a. ...193b J-D
Registered
1938 J-l
Bt P A Nor Pao. See Nor Pac
Bt PAS'iOlty. S«eO 8tPMA(
B FePresA Ph 1st g 58.194V M-S
B A A A P. See So Pao. Co.
P lata f g 5a... 1919 J B
latoou g 6a. 1934 A-O
Bay F A
latgSa
1934 A-O
Boloto Val A N B. See Nor A
8eBb A Iloa 1st 5s
192« J-J
Car Cent Ist con g 4s. 1949 J-J
Bed Bay A So 1st g Ss. .1924 J -J
Bo Car & Ga. See Southern.
Southern PaclUo Co
Oal Uar A S A 1st g 6s.l 91 F-A
3dg78
1905 J-D
A Prnr iHt
No
ar,
a 4m '43
107
15
li9i«
40 107
Companlea.
K K Kerry— 8took
Bonis 58 of 1932. MAN
Hoboken—Stock
Ist 58
Con. 5b
H Y A 8 B Trans
Bid.
65
} 97
60
112
94%
A
1
12
5
24
124
82
««
95
112%Aug'9
102% 104
118% J'ne'99
103% Sep. '99
115
117
117
118
Sale
1
108
110
-J
J-J
M-N
Third
trust
Av
Co
112%
104^
00t.'9<
113
Mar'99
17%
ctfs.
. .
Istgold 5a.... 1937
TolAOC I8tg5s
West'ndlv Istg
1935
6a. ...1935
103
Sale
110
103
Feb '99
111
108
Sep.'99
103M
MIOJC 112
lOS
S6
1st
86H
89
103
96
112
Aug'99
1 8
J')y'9e
i
II
f9
79
OreSbortLlne Istg 6a 1922
ntahANorlat7a
1908
Gold 58
1926
Ore Sh L— 1 st con g 5a. 1 946
ABk.
70
9»
83
114
115
120
96%
F-A
J-J
J -J
J-J
102%
Sale
106
115
103%
Sa'e
la^H 186
131
108
113
102%
7S%
Sale
Sale
Sale
M-N
F-A
J-J
J-J
J-J
A-O
115
100
1937 J -J
113
69
35% Bale
I'oe"
'.','.',',
Sep.'99
Ang'99
105%
401
104
J'ly'99
115
103
126
'
i
so
li
Mar'99
May'97
11:
10-^>4
115
115%
3
97
75% 272
76
100
Sep.'99
34
109
Sep.'99
36
24
39
85^
no
May'99
113
113%
12
69
11
Pa—
Ist g 5b
Sale
6.-4%
22%
Sep.'99
M-N
99
Deo '9'
-J
113
Jan.'99
See Cent Pac.
40-year con g 58
West Shore. See N
See
1936
Y Cent.
B A O.
J
A-O
-J
F-A
110% Aug'99
96
J
•••«•
34
76%
BngraTCd trust oertlflcates
Inoome5s.
1937 A-b*
2
10
113
108
86)< 90
ChGLACCo. SeePGACCo
ColnmbuBG»s Istg 5a.. 1933 J-J
Con Gas Co. SeePGACCo.
Detroit CitT Gas g 5b. ... 1 923 J- J
Det Gas Co con 1st g Sa. 1918 F-A
El Bl 111 lstconvg58..1910 M-S
Ist oong 5s
1995 J -J
Brooklyn IstgSs
1940 A-O
106
17
Bonds due June,
t
Due July.
I
Due March.
1
Due Jan.
Chem— See B
S9h
Ask.
90%
MIficellnneoua. Par.
vm 8ou» l>oun — Com. 100
100
Ist preferred
oston List
100
8d preferred
40
45
Kmer Smelt A Rett'g— See
20
31
vmer Steel Hoop See Sio
t 68
SO
American Surety
American Beet Sngar. ...
SO
81
Preferred
80
81% Vm Typefo'rs— Stock. 100
America n Brake
imer Htrawboard....lOO
111
113
Bonds 6s
FAA
Amer. Caramel— Common
60
62
Preferred
Amer. Woolen Com....
100
103
Preferrvd
American Glnnlttg
80
20%
Imer Wringer com... 100
Amer Press A8ao^'n..l00 80
95
250 ^98 201%
Pref
American Rcrew
Amer AirPowof N Y.lOO
Amerlc'n Axe A Tool .100
Amer Bank Note Co... 50
—
Bid.
i
Aak
10
50
55
10
18
Stk E X list.
ok Ex. List.
54
88%
104
225
67
34%
10»«
2e% 86%
81% 83%
106
119
• •
91%
Oot.'98
109%
124
111
Due Not.
5
215
76%
6% J'ne'99
118
118
•••
12
Sep.'99
Sep.'99
May'99
a These are option sales.
(Given at foot of 7 oonsboutivh v^q^tls).— FERRY
1.)
NOT'97
75%
99
97% 98% 98
98% Aug'99
A-O
''*'(7i(itprpc1
118
98
108
134
109
.
97
Sale
5%
GAS A BLBCTRIC LIGHT BON D8.
113W 114
Atlanta G L Co 1st g 5s.l947 J -D
110
110^ Bos V Gas trctfs s f g5s..'39 J-J
Bklyn U Gas 1st oong 5s..*45 M-N
47 100^ 105
io7"' iiait
Apr'99
92%Mar'98
W
W
J-J
Mar'99
Agricul
Aug'99
99
J'ly
113
102
74
99%
Sale
Winona A St P. See C A N
Wl8CentCol8ttrg5B ..1937
Bid.
Am
J'ly '99
W
VaCentA P Istg 6s. 1911
95 107% Wheeling A L B Ist g 58.1926
Wheel DlT 1st gold 58.1938
Bxten Almp gold 5a.. 1930
10 112% 112%
Wilkes A KasL. See N Y S A
113 135H Wll A Sioux F. See St P M A M
105
AraHlgam'd Copi>.T(w.
15
W Chic St40-yrlstour58.'28 M-N
139
t
Sep.'99
105%
'
CnlNJRRACCo. SeePaRK
Western Pac.
138
and asked this week,
113
64
56
88
81
115
99
104
Gen g3-4s
1943 A-O
Income 5a.... April, 1943 Not
110« il3J4
West No Car. See South Ry
J'ly'99
'H'^
85
113
Ino A 5a...l946 Sep.*
Non-on Inc B Acol trl946 Oct.*
Non-onm
West New York A
iisH ii9%
138
791^
J'ne'99
:13
128% 128% Sep.'9«
....
106% Aug'99
103
103 Deo '98
107
100
4a. ..1990
W
120HFeb.'9~
78
1935
gn g
Wab
108
SftM
J-J
J-J
A-O
J-D
A-O
Tol Peo A W latgold 4a.l«17 J-J
TStLAKO Iatg6atr.l916 j-n
Tor Ham & Buffi si g 48 1 946 J-D*
Ulat«r A Del l8tcg5a.l92H j-u
M
104%
.
Utah Central. See Rio G
120
122^ Utah A North. See Ore S L.
Utloa A Black R. Se« N Y Cent
111
115
Val Ind A W. See Mo P
99 102
Ver
trglnla Mid. See South Ry
121
124H
RRCo Istg 5a.. 1939
122 12514
2dgold 5a
1939
138M l46JiJ
Debenture aerlea A. ... 1 939
137% 137%
Series
B
1939
112^119!,
latgSsDet AChBit..l941
StOhas Bridge l8tg88.1908
103 108H
Warren RR. See Del L A
104 104
vVash Cent See Nor Pac
See Southern
i34Ji isiii Wash OA W.
i«>»tfl
113}^ J'ne'99
M-S
2000 J- D 113
Deo. .2000 Moh.
I
84% 97
40H 66%
108
•••*• •••••
80
A Ferry 28
91
{ 87
23d 8ts Ferry
90
85
l8tmort58 1919...JAD {104%
Union Ferry— Stock
44H 44%
IstSs 1920
MAN {108% 103%
i Buyer pays accrued tntere St.
t Price per share.
Bonds 5s of 1906. MAN
10th
103
122
1049iFeb.'98
OUTSIDE SECURITIES
tfmrrj
J
106% Mar'9..
108% Aug'99
n El (Chlo) let g5s..l945 A-O
126%
112^ Un Pao— Rtt A g g 4s. 1947 J-J 103%
Registered
1947 J -J
100^ lOdH
OreRyANaT lat a f g 6b 1909 J -J
Ore RR ANat con g 4a. 1946 J-D 102%
123^
106!< Sep.'99
112?^
-J
price Friday; latest bid
KYA
112^ 115
J
.1
Sale
1
g 68. 1905
1 at
5s,
W
.
*
1930
1956
gSs
W Va A Pitts.
104
W
M-N
-J
lstg58lnt gtd
1937 J-J
Cong6alntgtd
1912 A-O
Geng4s intgtd
1921 A-O
liIorgan'8LaATlatg68.'20 J-J
Ist 78
1918 A-O
NY T A Meigu lBtg4e.'12 A-O
OreACal Ist gtd g 5s. 1927 J-J
lliit 115)4
Apr'99
120
W
...Ss'31
112M 115
JMy'99
115!^ 114
..,,
10 ^
lOOJi
A-O
rt8AVBBdglatg6a.l91u A-U
105
00l.'9
Kansas Mid Ist g 4a... 1937 J-D
BtLASF HRg4a....l99U J-J 84 Sale "ii" "ii
Sottthw DlT 1st g 58.1947 \-o
100
100
Cent Dp Istg 4s.
1929 A-O
96 Sep.'99
Bt L So. Set Illinois Cent.
ItLSW lBtg4sbdofs.l98u M-N 92%, Sale 98H 929<
Sdglsino bondotfa. 1989 J-Jt 63H eale
63
6bJi
•tPaulClt; Cab. og 5a. 1937 J-J
111
Sep. '99
Ooaranteed gold 5b... 1937 J-J
itPanl A Duluth lat 5s.l931 F-A •119
120 Feb '99
Sd5a
1917 A-O HI Sale 111
111
Ist cog 48
1968 J-D •lOOX 101
99% Aug'99
BiPaulM AM 2d 6s.... 1909 A-O
t2l« Sep.'99
Dakota eit R old 6a
191(i M-N
122 Aug'9n
Istoonsolgold 68
193:-. J -J
146
142 Aug'99
Registered
193.' J-J
137« ?3b'99
BedDCed to gold 4>^s 193:t J-J
115« 1^% Sep.'99
Registered
193a J-J
106H Mar'9MontBzt I St gold 4a.. 1937 J-U
104H 105 Sep.'99
Registered
1987 J-D
104 Jan.'99
MlnnCnlon Iatg6a...l92'.^ J-J
122X Jan.'9>kSontC I8tgug6a....l937 J-J 1351^ Sale 136^ 136^
Replstered
1937 J-J
116 Apr '97
lat suar gold 58.....1937 J-J 117" Sale 117
117
Beglatered
1937 J-J
BMlatdlvlatgSa.,.190h A-O 115
118 Sep.'99
Reglatered
190^ A-O
194f A-O
Nordiv lgtg48
Registered
1940 A-O
flA
let
74^ TexAP Ry B dlT
Kan A
1931 J 1931 J-J
AN7s.'03
BT VaAGalst7a....l900
General gold 5s
Bdgold6a ClassB
1906 MId gold 6s Class
190tf Mlit g 6s Pierce C A 0..191t« F-
Mex A Pao Istg
87
97%
Registered
1994 J-J
Mem DiT l8tg4-4^-5sl996 J-J
Registered
1996 J-J
Ala Cen R 1st g 6a
1918 J-J
Ch
Air
Atl A
Line Inc. 1900 A-O
Col A Greeny Ist 5-68.1916 J -J
Bng
83^ 85
L A Iron Mount. See M P
L K O A N. See Wabash.
li M Br. See T KR A of Stl
BtLASFiidgdsCl A ..190H M-
HonsATClstW
SPacof N Mei lstg6s.'11 J -J
113% Nov'9H
103
GUa V G&N St gu g 58 1 924 M-N
105% Aug'99
10f%
South Ky— 1st oong 5a.. 1994 J -J 108% Sale 107%
110
QaPaoRy Istg 6a.... 1922 J -J 131
120 Aug'99
Knox A Ohio 1st g 6b 1926 J-J
134^ May'«9
•
12("% J'ne'99
Dan
.1915
128
Rich A
con g 6a
J -J
UquipsmE tnndg 5a.l909 M-8 •101
100 Mar'99
Deb 5s stamped
1927 A-O 106% Sale 105% 105%
91
So Car & Ga Ist g 58.
1C9
10S>,
M-~ 109
97
Atl & Yad UtB gu 48.1949 A-O
Virginia
Mid
5a...l93ti
U3%
90
gen
90
114 Sep.'99
M-^
Gtd stamped
1936
118% 15 Aug'99
113 116
W O A W 1st oy gu 48.1924 .«-N
90 Feb.'99
F-A
West N C 1st con g 68.1914 J-J
98 100
117 Sep.'99
Ala.
See L A N.
98>i \00\i SAN
Spok FallsANor Istg 6s.l939 J-J
85« 91H Statlsl Ry Istgn g 4^s.194h J-D
86V6 8»H 3unb A Lew— See Penn RR.
Syra Blng A N Y. See DLAW.
'Per A of St L Istg 4Ws '39 A-O
112% J'ne'99
91
114% May'99
102ii I IsiOODgOld 5s. 1894-194.1 F-A
St LM UgeTergug5s.l930 A-O
103 Oct. '9
87« 8894
102^ 104^ Tex A N O. See So Pac Co.
Bt
Bt
Bt
FAN
Sep.'99
8
Istgold 5a
3d gold Inc.
.
1ft traat gold 5a
107
38
2
1
869i 286
»8)^ J'ly'99
88
104
72
1940 J-J
BloOrSo letg3-4s
Pitts. SeeBRA. P.
Borne Wat. A ()g See N Y Cent.
SaltLakeC Istg si 68. '03-13
t Jo AG I Ist g 2-3-48. 1 947
Bt L A CaL See Mob A Ohio.
Ofoneralgold 6a
IQthi Sale
reor lien g 4-5a.l938 in-9
Registered
1938 M-S
85%
Booh A
deneralgold 5a
A-O
A-O
A-«
A-O
M-N
.W N
J-J
J-J
43
2U
.
100
.
UUh
113
97%
Diyisionalg Sa
-
See Soath By.
193^' J
4s
Deo '98
106% Not'9:
103
103«
114
114^
lOSH 105%
Sale
.
J-J
J-J
M-N
BloQr West latg
lie
inSH
-J
107%
Con
JP M A Co certfs
FltU Y A A8hl8toonSBl927.
Reading Co gen g 4t. 1 997 J -J
Registered
1997 J •nsaelaer A ar. See D A U
Blob A Dan.
F-A
M-S
J
87%
NoT'9"
.
Istoonsolgold Ss
No
107%
B Ten
FltUMoE A Vo— latgu68.'3. J-J
1934 J-J
Sdgaar 6s
MoKee&B yiatgea.1918 J-J
191H J-J
FlttaPAFlat gSi
Fltta 8h A L B Ist K St. .1941 A-O
Fltta
99
Sep.'9tt
Deo '98
137
FlttaFtW&Ch. SeePennOo.
192W J-J
Fltta Jnnolstges
FltU* L Urle— 2d g 5a 192S A-OT
.
Aug'99
99
20
Apr'»9
100^ JMy'99
193'^
FlttlClev&Ton8tg68..1922
0914
128
98
Feb., 1921
.
1937
W
92et
FlttaCln & 8t L. See Penn Co
F C & St L. See Penn Co.
A$k. Low. High-
1
.
Fine Creek reg guards.
.
l8tgag58.1941
A AN
SP Coast Istgu g 4s.. 1937
J-J
F«0 A Bast. See C C & 8t L
P*o A Pek Un latg 68. .1921
Sdg4Ha
5s.
Stamped.... .1905-37
P«oDeo&B latg6strreo.'3t'
ranaDly lBtg68 trreo.'2('
tr
191'.i
Ist
DBRR& Bge l8tga 48g.'3h F-A
l8tg 4g 193f<
L A Nash
or
Last Sale.
Oct. 6.
lBtg6B.*09-l(i J-JS
l»tg Id 68
con guar g
I
M-H
Oong la
01 & Mar lat gn g 4U8.19S5 M-N
UNJRR&CaiiBen48.1»44 M-»
San & Lewis
Fanaaools & At. Ser
1943
Cai I8tg8a..l905
l8t gold Ps Sir B.. 1905
1906
ls> gold 68
194:- PFl-N
2d g 5a
Con gSs
SoPof Argu
J-J
5a
Range
Friday,
Bid.
...1905
Sabine diT latg 6s.. 1912
J-J
.190o Q-M1
reg..
Week's
Piriee
BONDS.
N.Y. STOCK EXCHANGE
Webk Ending Oct. 6. 8#
TeiANOl8t78
J-
P«mRR lit real esg4t.l92H M-N
1905
Coniterlingg 8a
[Vol LXIX.
4.
So P.cltlcCo. (Con.)
OrR&Iexl«t8nR4H8.194l J-J
AUegh TalKOngQ g 4a. 1942 M-S
NAG BdKesen gn e 4H8.'45 J-J
Con onrreno; 6a
1.
Page
(5 pages)
Low. High
Ask. Low. Riijh. No.
Bid.
Pennsyl. Co. (Co.)
& Pitt KU g 3Hb B. 1940
194(
8enei>C
Jan.
prices
& MISCELUS
Mlsccllnneouo. Par.
lo
Vmer Graphoptioue
Preferred
Amer. Writing Paper
Bid
'
10
Ss.
i.uderson Julini Tob. luO
intomatio Tending. ..10
100
Sarney A 8m Car
100
Preferred
68 1942
JAJ
Bergu A Bng Br— See Phi
I.
Ist 68
Slackwell's
t
31188
t
98
2%
18
80
106
18
115.
«
33
85
107
llRt.
109%
Dnrh Tob.25
Company—Com.. 50
Proferred
13?-
91
9M
(
Aak
12%
18%
60
t
17
"9
68%
19
69^
64
Oct.
7,
THE CHKONICLE -BOND
1899.]
WtaK'S
BONDS.
m STOCK EXCHANGE
WBBK Ending Oct. 6
Bd
B'
Range or
Oct. 6.
Last Sale.
1.
Week Ending Oct.
Low Hxgh
97
116
108
1904 J-D
1943 A-O
1947 M-r*
.1947 M-8
106
,
Sep.'99
97
07)4
118M Ang'99
109
180H
Registered
108?i 107
130
131
106
'.'.'.'.'.
MS
1
BneOKLLANBOUS BON
106)ii 111
109^ \09'4
8eD.'99
107
3ep.'9'<
123
107i4
131
Dec '98
108K la^H
IIIH Apr'W9
105^ Mar'99
Sale
Trenton i & El st g 5s.l949.
WMtn Gas Co col tr g 58.. .'33 »1-N
107
Aug'»9
101
Mar'98
Olearf Bit Coal. SeeNYCAH
Ool C A 1 1st COD g 38... 1900
F-A
OolCAI DevCogug58..1909 J-J
Coupon off
Col Fuel Co gen gold 68.1919 M-N
Coi FAl Co gen sfg 58.1943 F-A
Com Cable Co 1st g 48.. .2397 Q-J
2397 Q-J
Bogistered
C A I. S«e T C A I.
DeelBardel
RR
bonds
See
Can.
AH
Det MAM Id gr 3H8 8 A.191 A-O
rl«T4Tcoltrg8f59...1926 J-J
OrRlvCoalA C let g 68.1919 A-O
Hack Wat Reor Istg 58. 1926 J-J
HendBCo let efgBs... 1931 M-S
1910 M-N
Hoboken L * g 5b
103
107V<
99% AaK'99
105
95
100
J'ly'9»
Sep.'9«
104
35J<
94H
84
921^
99\i 101
«fl
NT* Onl Land Istg6s.l910
30
80
Bale
80
1)
113
111
Aug'97
99
70
Jan.'99
23%
XlXi
1C8H 110
li)95<Sep.'99
95^8 Jau-^-i
109
109
107
80
Sep.'99
Maj'tfT
101«
1087< 11354
95«
4g
a
13)4
15
60
50
10
14
72
340
76
345
• • • •
, . . ,
75
7HH
48
52)4
10
65
t
—
54
19
Pref
Hlectric Boat..,..
Prelurred
Klectric Vehicle
Preferred
83
Bppene 8m A Wiem. 100
Eastman Kodak Co.. .100
Brie & W, stem Trans, 50
UO
.
—
731-4
46
75
145
4594
9S
70
coupon
registered
coupon
B 5s
C 4s
1906
1906
4s. ..1930
Columbia— 3-658.1924
M-N
M-N
M-N
M-N
M-N
J -J
M-N
J-J
101
Feb '97
82
20
83^
8
88
20>4
11
30
181
Sep.'99
Sep.'99
119
108
108
105
F- A
J-JT
119
114
101
ISl
103
06
108
109M
116 1 1 eu
103^< 107U
Aug'99
1
J'ne'«9
103W103W
Sep. 99
May'99
102;,»
n4W(
114
110
Sale
38
108
9
103^4
103!4
102J*
1
lg«
lOlUlSl
Aug'99
107« 108
•
108)*
11214 11»
10
no
J'ne'99
113
(For dUiUy record see seventh na oe T' recedino.")
10(5
99 lOlW
J'ly'99
107^ 1"8 108?^ tep.'M9
106Mi lOOM
3
liJ8!^
Sale
108^
10694
109)4
108H
10
114
Q-Jt 111
111^ lll><
112
2 IVd
114U
Q-Jt
Sale 112
Q- F liOH 130;< 13ni< J'ly'99
138 130M
138
130>^
131
F
130^
a129M i^y^i
Q- F
112
111
lll'<8ep.'99
113)4
lOm
Q-M
U2
Wrks.com.lO
18
57)4
ni]4 112
111^
J-J
J-J
J -J
F-A
t
•
95
105
list.
llBt.
4 Wil Steamboat. 50
Pittsbujg Brewing.
Pueuuiaiic GunCar'ge.lO
Pratt A Whitn—Com.. 100
Prefeirel
100
Proilerai Gamble.... 100
Preferred
100
109H
Feb.'9v«
IO8I4 110
109)4 109)4
104
108
Apr'9rf
ids" lbs"
127
112
94
90
86
128"
Feb.''9V
9QH
97
95
J'ly'99
96)4
Aug'99
95
99
US
97H
B7>i Sep.'99
82)4
87>4
6
9
60
63
91
71
64
Preferred
BoyBakPowpf
100
f
375
190
Rubber Goods Mfg
13)4
1*
i
13
55
400
198
list.
99
29
84
Simmons H'rdw-Com.lOO 180
190
Preferred
100
Singer Mfg Co
100
Standard Oil of N J . 1 00
Stand Uud'rg'dCable.lOO
8I088 Iron & Steel
General gold 4)^9
145
.
im
F&A
d
com. wi.)
wheuias.)..
1st 6s
I
Sl08s-»heffi id,
Pief
rr.
Su..scni,tio ..s
Southern Coiion Oil. .50
gtannardCoupier.com.
.
. .
Preferred
Stal
isl
KT
Stillw-Bierce
Swift* Co
l8t 6s
68'13A40
J4J
A Sm-V.lOO
1st
2d 58 1926
100
140
540
460
79
78
108
40
77
181
t 53
39
113
107
96
85
108
il08
600
4H3
170
81
81
no
40)«
79
135
44
110
102)4
100
60
63
Apr'99
95
82
83
«0
Sale
Sale
Sale
92^4 Sale
82%
83^
AAO
107)4
.100
400
450
Bowery*
2-'0
Broadway... 248)4
Butch'sADr.. too
Central
180
Chase
»00
Chatham
30
.
•
•
4100
140
*•
Columbia*..
(Commerce...
Continental
Corn Bxch*.
Bast River..
11th Ward*.
Fifth Ave*..
Fifth
First
& MISOELUS,
Qu
415
386
140
loO
470
1500
116
235
100
90
t202
iOO
170
475
^20
180
Peoples'*
250
lis
350
Phemx
100
Plaza*
120
Hepubllc
450
130
190
....
Prod Ezch*.
Riverside*.
Seaboard
Second
Seventh
Shoe 4 Le'th
250
State*
State of
3^3
121)
Home*
Imp 4 Trad. 510
Irving
140
Leather Mfr
iiOO
West Side*.
Western
Merchants'.
175
North
550
160
100
130
130
100
325
3u0
300
.
...
•
.
Oer Amer*..
Hamilton*...
Kings Co*. ...
Mariufact'rs.
Mechanics*..
Mech A
»••••
Tra*.
Nassau
Nat City
95
190
100
330
90
105
100
350
313
345
270
Aik.
Side*.
n*.
170
195
ISO
lis
••••••
145
'.20
115
N. Y. CITY.
Uep 4 L.
Am
• * •
•#•
190
310
AMinlic Tr
Bankers' Tr. tiSO
Ceui ral Tr'si. 3 35
City Trust...
116
Column!
Continental
380H t
435
310"
Farm Ln4Tr 1421
Fifth Ave Tr 4')0
iJuarnnty Tr|H65
Int'l.Bkg&Ti n63
KuicK ro CK r dJO
Manhattan
106
350
835
400
Y LI 4 Tr 1160
N Y Sec 4 Tr 75)
North Amer. tl68
Produce Kx t<!i0
Keal B«t Tr't 3o0
..
vlercantile
vletropolltan
^^
135
220
200
130
107
350
100
260
265
27rtX
asterisk (*) are Stale banka.
•
Banks marked with a
{
Purchaser also pays accrued Interest.
dale at Stock Bzohange or at auction thlsweek.
t
%
TruMi Con.
375"
8th Ward*...
5th Ave*.... 104
First
27
105
iOC
Otati
|Wallabout*.. 10^
BHKLYN.
Broadway*
Brooklyn*
123
%
Bid.
Qu
^ Union*. ......
Bedford*.... 215
140
t
People's* ... 190
Scherm'rh'n* 140
17th Ward* 105
300
Sprague
36th Ward*.. 140
Yorkville*..
, ,
225
750
Manhattan* 26 '94 t
Market 4 Ful 220 2 5
2U0 310
Mechaiucs'
Mech & Tra*
Merch Ezch
NY*
2th Ward*.
23d Ward*...
Union.
Cuion 8q*
Liberty
Lincoln
180
110
.
1
860
Brnkfrs'
190
t
2700 3150
245
3000
Germanla*...
Greeuwicn*.. 185
Hamilton*... 125
Hanover
735
Hide 4 L'ath 116
28
114)4
2594
95
90
BankH.
Ask.
otatio
Park
80
25
112
113
100
100
Glass- Common.lOO
Bid.
Pacific*
German Bz* 230
.
Baukii
Oriental* ....
335
68
....'iO
Pal. Car
S< e S k Exch. list.
Westingh Air Brake... 5u
220)4
WiscinCertral is- .<>eSt ockEx
* • t
165
Aak.
SO
Bid.
-jgnai-oo
&.
Wagner
55
32
72
Ninth
North Amer.
Ganaevoort*.
OarUeld
1500
German Am* 115
Mercantile
7
60
S^H
108%
98K
92
88
82
83
87M
9H
9-3%
00
0594
aThuse are option salef.
100
100
U S Projectile Co
U.S. Pneum.Hor8eColi..l
240
14th Street*. 145
IfO
Fourth
Gallatin
5
50
S
9694
84)4
98)4
1
Preferred
19th Ward*..
3050
. . .
U
410
• t • «
»
. ,
Chemical
Citizens'
City
Colonial*
X
rt4
2d preferred
New Amst.*..
New York Co.
N Y Nat Ez..
New York
300
8iH
Ist preferred
Mutual*
Nassau*
1
96
35
3t
Preferred
Ml Morns*.
.
92^
84H
9»H
Union Typewr—Com.lOO
Metropolis*.
. . .
6
'43
Mli>c«»llanf oii»« Par.
Brr.kers'
430
Ezch.... 180
Astor
60
Union Switcn
183
16)4 17
12
7
70
70
ASK.
Bid.
.
Preferred.
83X
Russell A Br win
25 t H5
ie'o"
Safely Car Heat A Lt.lOO 150
Schwarzchild & Sulzb.lOO
43
45
Semet-Solvay deb 5s...
103
101
,
J'ly '99
93
Bid
.u&J
Brokers' Qu, otati ona.
N. Y. CITY.
Am
130
85
45
2b
Nov'98
6
Bonds due January IDueAugust.
Trenton Pott— Com.. 100
Preferred
100
Trow Directory-New. 100
Union Steel 4 Chain. ....
America*
68
98)4
,
894
K6
26?4
35
8
50
I
Pacific Coal. 100
Banks.
6
Sep.'98
91H
9S%
consecutive v^q^s>).--BANKS
Preferred
5
lis
107
Nov'98
Apr'99
let 4s (wi)
April.
;7
400
t
Dae
i
48
99
75
35
410
1st 6s— Ss€. Stock Ezch ii«t.
Repub Ir48teei— See sick Ezch
H.l.PerKiusHurseBn.luu
47
*
111)4113)4
118
110
106
100
100
117
106
issued)
st 4s 1938
1st 6s 1908
Title Guar & Trust
< • •
4S
74)4
136
33)4 3S)4
95
93
22
112
107
Aug'98
1
Tezas A
* • *
105
122
I
Preferred
W aier— Com .... 5
•
m
107
105
108
104
8El(Cnioi
Ist 6b
10
Peun.
50
M
Term Wareh— Stock. .100
8)4
N. Y. El Veh. Transp.lOO
N icholson File Co. ..... 50
Nicaragua f^onetruct.lOO
Phil
vv
Susq Coal 68 lull.
Tenneviee Copper
35
•
UIH
UIH
Q-F
J -J
191
48.,
Miscellaneous. Par.
Asis
50
N Y Biscuit 6s 1911.M&3 114
New Jer Zinc A Iron. .100 124
ol
7
i-..
88^
Pump Com .. 21M 8aj4
Preferred
70)4 73
Internal Sliver— See Stk. Ezch list.
do
Do
pref.
62
Do
do bonds. ii02)4 103)4
Iron Steamboat
100
4
6H
6s 1901
JAJ
55
John B Stetson—Com.lOO
95
Preferred
100 135
Joumeay & Burnham.lOO
3
Preferred
100
36
30
Knlckerb'r lce(Chlc)-See StBz List.
liawyers' Surety
100 103
107
Lawyers' Title Ins.
100 148
155
Liberty Silk Mills
100
no
Preferred
100
lorUlard (P)—Pref... 100
114
. . .
43
t
Nutiotml Saw— Pref.. 100
National Salt
Preferred
100
National Surety
National Tube
Preferred
National Wall Paper. 100
N. B. Blec. V. h.Trau8.
100
N Y Loan* Imp
76
Tram
Internai'l
registered
Wise Ceo
100
t
170
180
22)4 i43
63
64
60
94
6
10
18
34
110
• t •
105
Ezch
let
25
20
60
105
105
Preferred
Peck, Stow a. Wilcox.. 25
Pegamoid, pref
100
Pennsylvania Coal
50
no
90
102
58'42MA8
Minneapolis Brew 1st 78.
100
Mosler Safe Co
Mononvahela Water... 25
Nat'l Gramophone. ... 100
Mich-P Car
t
t
90
Goodyear Shoe Machine Z4914
95
Gorhani Mfg Co-Com.lOO
100 110
Preferred
lateruatiuual Blevat.lOO
International Navig..lOO
Internal. Paper— See St'k
Bonds- See --t ck E!xoh,
J-D
J'ly'99
....
115
I
8mall
Missouri— Funding. .. 1 894-93 J-J
Nortn Car— Coneol 4S...1910 J -J
Small
J-J
.1919 A-O
6s
80 Carolina— 41^8 20-40. 1933 J -J
Tenn— New settlem't 38. 19 1 J -J
Small
J-J
Virginia fund debt 2-38.1991 J-J
Registered
J-J
69 deferred certfs
Due May.
5
100
Otis Elevator^^om.,,,
210
100
Qreat KhIIb Ice
Havana Commercial..
Preferred
Heok-Joues-J Mill-Pf.lOO
MAS
lBt6B lW'.i!2
Her'g-Hall-Mar(aB8t p'd)
Preferred (asst p'd) 100
Hobokeu Lnud & Imp't
Bid
NllesT
UP
t
(Gitbn at foot of
31
41
& Casualty. ..100 250
A Dep (Bait).. 50 t207
German A a; Ueal Est. 100 32
Fidelity
Fidelity
Due July
66
105
t 37)4
1918
1918
1907
1907
1925
1925
1904
1904
registered
Currency funding
Metr
90
90
T
. .
27)4
22
Consol Hollliig Stock. 100
Cont. Tobac. Co See Stoc i Ex. list.
65
75
Oranips' f h * Ku Bidg.lOO
Diamond Match r:o. .100 127)4 128)6
J 79*
Distill. Co. ol Amtrica...
58
Uinols
90
MAN
1
Coma'on- See St.FiZ:. list
Con Kan C Smelt & Ref .25
A-O
J -J 118
I3}i ISO
113H
Sale
20«
St L I
A S new 30 y 48 ( w 1)
8ou.Pac.col.tr. 48 (when 1B3.
Mtscellanrous. Par.
V4
101
101
Clark MJe KdiI Thr'd.lOO
Ooneolid Car Heatlng.lOO
Coneol Flre-T'ks-Com.lOO
100
Preferred
r2
115
Atch Col A Pac '^s tr ctfs...
Atch J Co A West 6s tr ctfs
dlv i^* (w. 1.)
B A O So
Cen.P <c.M.3i^9 (when iss'd)
104
100
Vladisou 84. Uatden— 100
2d 6s 1919
50
Maine S S
Merch A Miners' SS... 50
316
67)i 80
88
91
4i.
Low High
UNLISTED BONDS.
"iiii ioi
103
10\9i
90
295
Chesebrough Mfg Co. 100
Claflin (H B)-l8tpref.lO0
100
preferred
....
W
F- A
55
40
.Optional
coupon
)stmtg(when
OUTSIDE SECURITIES
'
. .
coupon
Clase
Class
May'97
95«
95«
99
99
Apr '97
are latest bid and asked this week.
Bid.
registered.
registered
Small
Met
100
Preferred
Chateaugay Ore* Ir 6s 1
Ohes A O Grain El— Inc..
.1
8TATB 8BCURITIB8.
Alabama— Class A 4 to 5. 1906 J-J 106
103M 103H
Feb. '90
GOV. SECURITIES.
3s
3s
38
48
48
48
4b
Ss
5b
LoulBiana— New con
KnJckTce(Chtc) Istg 68.1928 A-O
Mad Sq Gard Ist g 58...1919 M-N
Man Bci. H A Lgen g48. 1 940 M-N
T &T Isisf g 58.1918 tW-N
191J M-N
Registered
Mat Un Tel Co. See Wn Un
Col8tg6s'20
M-N
Mf
g
Starch
Natwpt News SAD D 58.1990 J-JS
N T 4 N J Tel gen g 58cy.'20 M-N
Carter-Crume— Pref. .100
100
Celluloid Co
Cent America Tr'nslt.100
Cent Flrew'rks—Com.lOO
1
.
8.
Disl of
J-D
1926
U.
8
S
8
U 8
U 8
U 8
U 8
U S
US
103
97
105
1U»M Aag'U9
1910 J -J
a Steel Co deb 58
I Non-oonv deben 58... 1918 A-O
J-J
nt«amboatCo68...1901
Iron
Int'l Paper Co Utcong6s.'l^ F-A
JcffACIearCAI lBtg58l926 J-D
triiiir...lOO
.T
875- 1 900
1884-1900
1884-1900
Registered
1938
Col trust cur 5s
Mut UnTel s f'd 68... 1911
Northwestern Tel 78 ... .'04
APCCo Istg 58.'19 J -J
Registered
Debenture 7s..
O
U
U
1C41^108H
I
MIgcrlliiueouB. Par.
1.
DS.
.1
Bond & Mon
High.
Ifo.
.
WbLB
. .
*No price Friday; these
.
Tenu Coal T Div Istg 2s.l917
Blrm Div 1st con 6b. .. 1917
Cah C M Co iBt gu g 6s.. '22
De Bar C A I Cogu g 68. 10
US BnvelCo Istsf g88 1918
U 8 Leath Co s f deb b«s.'13
West Union deb 78. 1875-00
.08H 118
107^ niH
lOSH 107^
105
107H
A dams Bi—Col trg 48.1948 M-8 103^ Sale 103^ 104
«1 m Cot on deb g 8b. 1900 Qn-F 103«
104X 104M
SeeCen N
A.ni Dk A Imp 5s.
M-S
92
90
92
68.1915
Sep.'99
let
g
Am Spirits Mfg l8tg6B.1942
JA 8 Car Co
Bar
84"
84'"
86«
k'nWAWnistg58.1945 F-A
SeeTCI&R.
Min.
Coal
Clan
109MFeb'97
^blo Jo A 8t Yd col g 58.1915 J-J
Non-com. Incomes 58.1907 J -J
SdgSs
N Westn Teleg.
.
Oh G-L & Cke Ist gu g 5s'37 J -J 108H
OonGCoofrhlstgugSs'Se .J-D
Q & FCb lstgng68."05 JMo Fuel Oao 1 st gu a 5. 1 947 M-N 109"
q
lOiH
108
lOSJiJ
109^ Apr'99
P«oGa8*Cl8tgng6B..1904 M-JJ
aenindlUKK58
Jan.
Last Sale.
Ask. Low.
Bid.
M-N
RochAPltCAIpurm58 916 M-N
8t L Ter Cupplen Station A
PropCo Istg 4^s 5-20 yr'17 J-D
8 Yuba Wat Co con g 6s. .'23 J-J
8p Val Wat Works Ist 68. '06 M-S
Stan Rope AT Istg 68.. 1946 F-A
1946
Income g 5s
SunCk Coal Istg sf 6B..1912 J-D
See Edison.
Lac .ii«-L Co of StLlstg Ss'l Q-Ft
1919 Q-Ft
amall bonds
Mnt Fuel Gas Co See PeopGas
lit oonsol g 68
Kat^ge
since
6.
See West. Un.
g 68 1 8S9- 1
Procter * Gnmb Ist g 68.. "40
9m
q
8d gtd K 68
n
WteK'a
Range or
Friday,
Oct. 6
EXCHANGE
P jorta Wat Co
.
L & P.
N. Y. STOCK
737
5,
»
A-O
KlnesCoBi
PxirchHse mon 68. fB? A-O
IBS'* J -J
Istcougls
qSaa LN Y lstoong58..'32 M-S
a & Fuel. Se« P G A C Co.
a«n Klec Co deb g 58... 1922 J-D
ar KapOLCo Istg 5s.. 1915 F-A
sr a M'l a«.f> Oo Igt a 58.1922 A-O
Kings Co El
Jan.
Page
(5 pages)
BONOS.
since
High. yo.
Atk. Low.
Bid.
(Con) —
W of Bk'yn
L<kPg6B.'37
Rangt
^1
Friday,
Y.
prices
SiaudardTr't ^^a
<taie Truii.. 400
Tr.Co.of Am. ti40
.^Uiou Trusi,. .400
U 8 Mtg 4 Tr. 00
uD'U Sr-ates. 16UC
vVashingtou
30O
BK KLYN.
Brooklyn Ti no
ItiO
Fiatbush
KrauKlin .... 310
Hamilton... t3rt5
Kings Co.... i5C
43
LI- L Ji Tr
rlaiiaiact rr
<la«sau ....
'nople's.
WilU ttnsb'rrh
t
i'
<
•••4ii
•
•••»
80
no
235
PrtM per thw*.
THE CHRONICLE.
738
[Vol. LXIX.
—
Boston, PhiladelDhia and Baltimore Stock Exchanges A Daily and Yearly Record.
Share Prices— Not Per Centnm Prices.
Sales
ACTIVE STOCKS.
of the Bange of Sales in 1899
Monday,
Saturday,
Sept.
30
Oct.
259
108
241
200
259
108
340
199
I
93
93
51^^
515^
306
65k 65^
96
99
10k 9-16
2SU 29 9-16
847
•106
240
352
108
240
Oct. 4.
249
107
93k
"9ik
37
37%
78k 79
3H 3H
o
m
o
O
CD
e
360k 362
It"
Oct.
250
107
19»
60
73
•206
65
95k
10%
28k
60% 51%
50k
78k
73H
206
7k
7k
240
200
240
200
'
14.i
133
133
17% 17k
37
86
37k
79
SH
3
2
362
94%
78k 79
3M 8%
2
8k
3«
361
76
88
76
87
360
370
26
143
•135
26
26%
14k
14
.
•92%
51% 51k
51%
•206
303
308
80
800
75
113
45
45
24
'
81k
io« 10k
103k 104
81
155
34
96
959i
96
Philadelphia Traction
l()9i
11
Reading Company
45M
00
47
161«t
469i
60%
4S
29% 29k
16
INACTIVE STOCK S
BAILRO A D8.—Price*
100
48
68
asked price*
Bid.
Oct.
2d preferred
43k Dnion Paciflo
369
386
5U
374
American Bell Telephone. (Bostoni
.100
6
American Railways
(Phila.) 5 paid
143% American Sugar Refining \ ^Busiou) .100
117
PreferredH
.100
(Phlla.) 5 paid
17k Asphalt Co of America
350 Boston & Montana
(Boston) .. . 35
75
Butte & Boston
35
795 Calumet & Hecla
"
35
33k Cambria Steel (*1 -50 paid) (Phlla.) ...
6ik Consolidated Gas
(Bait.) ....100
47
Dominion Coal
(Boston).... 100
117% Erie Telephone
"
....100
380
5%
6
WU Cent, i)ew.(Bost)100
"
100
100
124
127
18
56
130
18k
56
MISCELLANEOUS.
Mlouei Mining (Bost) 35
Ait IrAStecH. (Phil)..
(Bost) 2C
Arcadian
25
Arnold Mining. "
"
25
Atlantic Mln'g.
"
25
Baltic Mining..
Beth Steel H.... (PhU) 50
jtioitoD i£iecLt.(BoBt)100
Cambria Iron.. (Phil) 50
(Bait) 100
Canton Co
CenteD Mining. (Bost) 25
"
2
Central OH ....
Con. Lak Sup. (Phil) 60
"
Pref
50
50
Daylight Prism. "
10
Dlam btate 8t H "
Domin Coal pf.( Bost) 100
"
111...
100
Hdlson Bl
Blec Co of Amll.(Phll) 50
rranklin Mln'g. (BoBt) 35
"
100
Oeneral Blect.
"
Pref
100
Gen IC Auto-MT(Phll) 50
10
Greger Mfi{.... "
Ina-Bgyp Com! (Bost) 100
"
10
IntBulH&bM
"
35
iBle BoyaleT ..
Manufac UubT.(PhU) 60
'•
60
Prtf^
Marsden Col .. " 100
thaler
100
Mergen
( Bost)
.
. .
Mez Telephone
33% 23%
.
.
U
.
. .
.
.
83%
*di)%
.
.
•61
47
114
••
6
"48'
11
•47
no
43
68
sale
47
48
68
ws made.
47
6%
49
11%
28% 80
25
26%
Bid.
"
NoAmG Dredg(Bo8t)
Old col Mining. "
Osceola Mining. "
Palmetto Co.... (Phil)
ParrottSU&Cop(Bo8t)
Penn Blec Vehl( PhU)
"
PrefH
Peimsyl Salt... "
"
Pennsyl Steelf
7
26
5
10
26
25
25
10
86
x47%
50
50
50
13
114
"
PrefT
100
Quincy Mining fBost) 25 155' 16*6"
4
Kys Co GeneralT(Phil)
3%
7
Rhode IslMin.. (Bost) 25
6k
5
Santa Ysabel G
13k 13
7
8usqueI&Sir..(Ph!l)
5
Tamarack Min.(B08t) 25 321 22!^
TidKWaterSt. (PhU) 10
16%
Torrington"A"iBosl) 25
30k
"
Pref
25
...
30k
"
8
Un Cop L & M'g
3
36
25
Un Shoe Mach.. "
35k
35n« 36
"
Pref
25
1
UdPHorseColirrPhii)
3*9**
4-86
Utah Mining (Bost)
3sf|
Warwick I &S. (PhU) 10
Ilk 11%
Welsbach Comir " 100
"
Prefl
100
51
50
Westm rel Coal "
9
Winona Mlning(B08t) 25
"9k
Wolverine Mln. "
25
4 Ik 42
tlourts— Boston.
AmBeilTel4s..l908 J4.I {I02k 102%
A T&S F gen g 48 '95 A&O { 99k 99%
Adjustment g 4s.. 1995 { b6>, 86%
Boston Term'l 3ks 1 947
87**
BosUnGa8l8t58.'39J&J 1 85
2dM5s
1939 J&J 1 60
63
Bur& Mo Rlv ex'pt 6s. JiJ {125
Non-exempt 68. '18 J&J {107
Plain 48
1910 J&J {100
.
Ch Bur& N
2d
M
.
1st 5s.'26
1918
68
A&O {104%
J&D
Bur & Q 4s 1922 F&A {ibo"
lowaDlv 48.1919 A&O {108
Ch Icago J unc 58. 1 9 1 5 J &J {114k 11*5%
C!h
.
33%
Con. of Verm't 38.'13 J&J
•
35%
7%
nsk
119
139
6k
4k
21
3
41
18
119%
140
22
3k
44
5%
6^
{
{
{iV?"
Fr Klk&M Vl8t68'33eud {140
Uust'p'd Ist 68.'33 A&O {188
lUln Steel con v 58. 1 J &J i
Debenture 5s. 191 3 A&O
K C C4 S 1st 5s g.'25 A&O {"Vd"
KCFtS&Glst78.'08J&D {114
EOF S&Mcon 6s.'28M&N {103k
S C M & B 1st 4s..'84 M&S 94
Income 5s
44
K C& M Ry&B 58.'29 A&O {100
80
1*19*'
5-6
g....
1936
MarH&Ont68...'25
Mex Cent
»08
H
l*0*8k
104*"
A&O
A&O
48 g.. 1911 J&J
1st con Inc 3s g non-cum
2ri con Inr Sn non-oum..
BONDS
Bid.
77
26«i
13
ll4k 114k
7*'7k
a7k
13%
103^4
131k
1900 J&J
6
34
20,815
5%
34,795 133%
41';
110k
14,097 13%
56 363
1,460 60
107 635
17,768 1>%
65 80
3,34
33
1,167 78%
5,185 46%
10 23k
413
39%
23
86
Its
45
3
96
July 11
July 2«
Sept. 26
July 28
July 11
41
Oot.
84
S pt. 1
Aug. 25
Aug. 31
Jan.
8,441 23
1.807 77
3,415
2k
1,195
1,843 373
84
Jan.
Apr.
Feb.
Feb.
86% May
90
Mar. 33
18% Mar. 23
50% Feb. 81
'
452
Jan. 83
44%
23%
4%
3%
Jan.
i< 386
Oct.
3
4%
Jan.
4 186
Jan. 16 122
19%
4
Jan.
7 398
Seot. 15 108
Jan.
Jan.
6
895
7
May 17
Jan.
3
3
Jan.
Feb. 8
Jan.
3
Jan.
3
Sept. 13
A\l(. 8
71
23
1,119 75
8,859
9% Oct
50 101% July
34 133 Jan.
1,530 30
Sept.
7,650 31% May
2,755 127% Jan.
1,541 36 Jan
809 38k Feb.
100 89 Jan.
10 55 May
>
6
8
33
29
35
30
84
July 14
4 156
Sept.
5
53k Apr. 35
33% Apr. 6
II
24
5
80
dar.
Mar. 30
5
Apr. 85
Apr. 88
Feb. 31
Sept. 86
Mar. 18
Apr. S
Sept.
25%
71k
63
117% Oct.
7 4% Apr.
45 May
45k Mar.
38k July
83k Aug.
15% May
11 107
3
6
Oct.
5
Apr. 21
1
Aug.
81
31
175
55
18
4
31
BONDS
60k
52%
70
Apr. 6
Mar. 30
Apr. 8
June 12
Aug. 86
Bid.
A sy
115
116
•
Asohalt Co Sd
tr ctfs.
Ter 1st
M&N
9s.
••..
130
91%
113
100
100%
Ist
1*0*6'
Ches&D Canl8t5s.'18 J&J
59
•
Choc Okla & G prior lien 6s 107
General 58....1919 J4J 105
106%
Ry(Ind)con 5s.'33
•
105
Colum St Ry Ist con 5s.'3a 107k
Con Trac of NJ l8t5s..'33 110%
Del & B Bk Ist 78.'05 F&A
Bast&A 1st M 58.'30 M&N 114
Edison Elec 5i> stk tr ctfs
Elec& Peop's Tr stk tr ctfs
Ist Bs.'lO J&J
Income 5s.... 2862 A&O
Bq 111 Gas-L I8tg5s.l928
Hestonv M & F con 58. '34
H& B Top con 5s.'35 A vO
87% 97%
108
118%
Indianapolis Ry 4s.
933
KCSub U i8ltt8..'30J&u
1
.
Lehigh Nav 4%8..'14 Q-J
RR4sg
1914 Q-F
Gen M 4%8 g. 1924 U-K
113
106%
104k
Leh V C'l 1st 5s g.'33 J&J 100 100%
Leh Val ezt 48.. 1948 J&D 115
1910 M&8
1933 J4D
2d 7s
Consol 6s
lis"
J&D
Annuity 88
127%
Newark Pass con 5». 19-10 117k
NTPhil&N. r 8t4s '39J&J
105
1
Iiicome Is... 11^39
102k 103
181
107k 108*
I08k
117
88% 89
127%
108%
100k 101
101
74%
98%
76
99
Penn gen
68 r...l910
GenM7B
109
90%
100
103
91
87k
108
103
"8*2%
M&«
l8t 4s.. '3b
1903J&J 114
Var
Consol 8s c... 1905 Var
Consol 58 r.... 1919 Var
Pa & N Y Can
7b..'08
106
108
PhUa Elec gold trust ctfs 98
Ph&Kr gen M 5g.'20 A&O 119
Gen M 48 g.. 1920 A&O 107
Ph & Read 2d 68.'33 A&O
7s..
1911
109
1*8*6
J&D
Con M 68 g... 1911 J&D 122
BxtImpM48g.'47 A&O
Con M of '83 48.'37 J&J
Terminal 58 g. 1941 U-F 132
PWil& Bait 48.1917 A&O
Collat trust 48.1921 J&J
Pitts C&8t L 78. 900 F&A
i
1997 J&J
Kocheater Ry con Ss. 1930
SchHESIdelstSs g'35J&D
Scran Trac 1 st 88 '32M&N
Union Term'i Ist 58.F&A
United N J 4B..1944M&8
UnTracPltt8gen5s'97J&J
48,
182
J&D
1939 A&O
1939 A&O
Penn Steel lst5s.'17M&N
People's Tr ti certs 4s.'43
M
85
115
Cons 58
Cons 4s
Read Co gen
119
M&N
No Peuu
Consol
116
PotomVal lst58.l941J&J
107k
SecA vTiK Pitt8)5B'34J&D 116%
Sav Fla&\Ve8t58'34A&0
Seab & Hoan 5s. 1926 J&J 109%
88
70
New'kConGa8 5s'48J&D
1930J&D
58
Ga &Alal8tpf58l945A&0
(State) 3s uew."32J&J
Funddebt2-38.199iJ&J
Feb.
.
Col&Grn V Ist5-8.1917J&J
Consol Gas 6s. .1910 J&D
Ta4Tenn2d5s.l900J&J
Aug. 5
Aug. 25
July 6
Sept. 36
Mar. 9
Apr. 37
K C P 4 G 1st 5s..'23 A&O
107%
Cha9RyG&B15j'99M&S 98% 99%
OharlC&A ext5s.iUiOJ(Si.J
Chesap Gas 6s..l900J4D 103
City&Sub l6t5s.l922J&D 115% iie%
Biec Income.
Feb. 18
18
May
100k June 30
12% Jan. 24
Elm&WUm
5s.' H32M&S
1 st 5s '23J &.I
Va
9114
108
Central Ry 6s...l9l2 j&j
Consol 58..,. 1932 M&N
Ry &
3,459 61 Jan.
3
2,219 94% Jan.
3
3,920
9% May 18
10,930 35 13-16Jan.';
1,050 13 7-18Jan.
9'<)5
38% June 30
1,488 73k June 1
1,936 31% Jan.
7
3,017 16% May 17
19^6 J&D
5s.'3»M&Cambrialron «s.l917J&J
M&S
Norfolk St l8t OS '14. J&J
NorthCent 4k8. 1925A&0
A&O
8s 1900
J&J
6s gold 1900
6s 1904
J&J
1
Aug. 84
75% Sept. 35 81k Jan. 86
10 198 Jan.
^ 813
May 17
Clt's'St
581906M&N
GaCar&Nlst5sg.l939J&J
GeorglaPl8t5-68 1922J&J
GaSo&Fla l8t5s.l945J&J
KnoxvTracl8t58'38A&0
Lake R El l8tgu58'42M&S
Maryland Brewing 88 ....
MetSl(Wa8h)l8t68'25FA
New Orl Gas 1st 58...Var
May
Aug. 83
Aug. 38
• •
106
117
Ext & Imp 6s. 1901 M&S 102
NoBaltDlv 58.1942J&D
Chan City Ry
100
3,000
B Boro Gas
1st 68 tunnel 1911..J&J
Bal Trac Ist 5s.l929M&N
Ext & Imp
305
Balls
M&N
Conv'rtible
104
3,611
Atl City lst58g..'19
.
Cent Ohio 4k8 g.'30
June 27
AlleVyE''xt7si9l0A&O
107
Atl Coa^t L ctfs 58 .J&D
Bait Beit Ist 58.1990M&N
BaltCPaslst 58.191 IM&N
Bait Fundg 5s. 19 16
Exchange 3k8.1930J&J
Balt&Ohio 48 g. 1935 A&O
8tatl8l2d 5g.l926 J&J
Balt&Pl8t6sml 1911A&0
280
WestNC con 68.1914 J4J
We8tVaC4Plst6g.'llJ&J
WU 4 Weld 68.. 1935 J4J
Bonds— Philadelphia
Atl6-Lightlst5sl917J&D
48
Vlrg Mid 1st 88. 1908 M&8
2d series 6s.. 1911 M&8
8d series 88.. 1918 M&S
4tb ser 3-4-5s.l921M&8
5th series 58.1926 M&8
*
{
Bondn— Baltimore.
& Pot
5?
& Ch 1st 78.1907 J&J
Atl
Mar
Baltimore—Conolu'd.
1907 A&O
N Y&N Eng Ist 7b.'05 J&J
l«tmort68.. ..1905 J&J
Ogd & L C con 68.'20 A&O
Anacostla
400
373
Ask.
6s
United
K C 8t Jo & C B 78.'07 J&J {1 19
LRook&FSl8t78.'05J& {108
LE&StLl8t6sg.'28A&0 •110
M
(Boston) .... 50
"
.... 50
,
Series A 5s 1926.... J&J
Series B 68 1926.... J&J
Pitt Un Trac 58.1997 J&J
5
2d
"12%
205
W
{
92
99
94
75
94
'
80«
18%
17h
Curr't Rlv 1st 5s.'27 A&O
D G R & 1st 4s.'46 A&O
Domln Coal lBt6s.'13M&8
East'u l8t M 68 g.'Oe M&8
. .
Income 68
1920
Rutland Ist 68.. '02 M&N {108
Torrington Ist 5b 1918... I
West Bnd St 58. .'02 M&N 2104
1914M&S 1111
4ks
1917 F&A no6
Gold 4s
3
10
{
35
"27"
.
.
& Mfg.
Preferred.....
Ask.
Nat Typewriter(Phll) 25
N.wHavl&St
Ch&NoMgu5B.'31M&^
Chi & W M gen 58.'21 J&D
34H
*a%
Westlngh. Electric
Boston— Concluded.
New Eng Tele 68.'99 A&O
178
44
21k
20%
47
69
*67
MI8CELL.—Concluded,
'
"
75
790
76
795
STOCKS BONDS
KO
WorNashAR.
IS
793
Highest.
Jan.
118%
245
Jan.
305
Jan.
149%
124k Jan.
139% Jan. . 154k
124 Jan. 12 138
29% Jan. 3 43k
43% Jan. 14 49
107 Jan. 3 133
23k June 1 30
5% Jan. 7 17%
90 Jan. 21 95
7
434i Jan.
57%
4,490
184
21
.
.
6.
"
"
Pref
61
47
114
"
. .
Aak.
305
14
16
100
60
65
100
25
Cilo&WMlch. " 100 23
ConnAPassum " 100 160 162
"
370
100
Conn R)'"-r....
30% 81
ConsolTrPlttoTr(Phll) 50
63
"
50
PrefH
27
30
FUnt & Pere M.(Bo8t)100
56
"
100
60
Pref
Fla.(Balt)100
Ga South &
90
"
100
Ist pref
58
"
100
3d pref
G'rmanfn Pa8s(Phll) 50 146 150
"
46
50
50
Hestonv M & T
50
75
76
Pref
50
Hunt 4 Broad T "
"58%
"
60
Pref
"
100
Inds Street
10
15
FtS&M..(Bo8t)100
35
"
40
100
Pref
Little Schuylk.(PhU) 50
57k
Maine Central. (Bost) 100 170 175
50
59
Minemil & 8 H.(Phil)
50
Nesquehon'g V. "
54k
50 103* 105
North Penn.... "
"
30
60
Phil 4 Br e
60 150
PhU Germ & N. "
274
"
100
United N J
50
United Tr of P. "
14k
47%
Pref
50
West Bnd pref. (Bost) 50 114 114%
58?<
WeBtJer&8S.(Phll) 50
50
WestNY&Pa. "
Pref
61
preferred
16 5-16 7-lB
.... 50
.... 50
.... 50
.... 50
.... 1 00
. . .
Bos & Maine pf.(B08t)10C
100 3u3
Boston & Prov. "
Central Mass...
83% 23%
1 St
"
"
"
47
46% 47
113 113
114 116% 118%
"
51k 62k 52% 5ik 63H 54% 64k 51% Federal Steel
....100
*37
36
3(5
"
.... 25
37k Lamson Store Service
45
45
44k 45
44k 44k 44k »4k Lehigh Coal & Navigation.. (Phila.)... 50
33% 23% 24
84
23% 23% *33% 24k Massachusetts EleciricCos (Bostoa)....100
81
81
80
80% *80
80% Preterrert
lOO
80k 81
10
10
9% 10
(Phlla) 10 paid
9H 10
9H 10k National Electric
•103% 104
103 103
103% 104
NewEng .'ottoD Yarn, pref. (Boston)..., 100
....
155
160 152
165
151
151
New England Telephone....
....100
33% 33
33
319^ 33
S3
"
32% 33 Old Dominion Copper T
.... 25
37% 27?i 27% 28
37% 28
97% 27% Pa. Mfg. Light & PowerlT
(Phlla.) .... 50
157
157'4 157k 159
United Gas Improvement T..
"
.... 50
159»t 159% 162 162
45
iiU 45k 46 United States Oil
(Boston).... 25
45k 45k 45k
•49
49% 49k
50
50
50
Welsbach LishtT
(PhUa.) ....
5
•47
67k 67k
& Charlotte(Balt)
73
797
Pennsylvania
'
33k
27% 28M
158
7-i
795
249i
51« 52k
'
73
795
22% 23k
6ik '60k 61%
50k 46% 49
23k
61
50
113
73
795
"
....100
(Boston).... 100
(Phlla. ) ... . 50
65% 68
137% 1*2% 137k ism 139% 149
140% 143k 141k
U7k 118 117% 118 117 118 117 118 117
16
16% 16% 17k 17
nn 843
17k 17
340 350
347
347 350
345 345
350
705
Preferred
Old Colony
65%
a9k
Lowest.
365 245
280 80%
14 227
199 170
. . . .
.
(Boston)
43k •43
7tf
76% 7«% 7694 Preferred
"
....100
379< 88k
39W,
Union Traction
(Phila.)..,. 50
38k
17% 18
17% 17% United Kv & Blec. Co.(w. i.) (Bait.)
•37
37% Preferied (when issued)..
"
93% 94
93% 93% West Bnd Street
(Boston)
50
miscellaneous Stocks.
39
41
Amer. Agrical. (.hemical.... (Boston)... .100
40% 40
"
Preferred
79Ti
.100
78k 79k 79
3% 3% American Alkali
(Phila.)...
50
3H 3^
2
2
Preferred
"
2% a%
10 paid
6%
6%
7
Boston & Albany
(Boston). ...100
Boston Elevated
"
....100
Boston & Lowell
"
....100
Boston & Maine
"
....100
;..,.
"
....100
130k Ohio. Burl. & Quincy
14) Chic. June. & Un. Stock Yds.
"
....100
136
Preferred
"
....100
41k Choctaw Oklahoma & Gulf (Phila. >
50
47% Preferred
"
.... 50
120
FltchburK, pref
...(Boston).... 100
27
Lehigh Valley
(Phlla.) .... 50
14
Mexican Central
(Boston)
100
93k. Northern Central
(Bait.) .... 50
(Phlla.) ....100
51M Northern Paciflo
41%
•41k 42k
47>,
*47k 48
119
121k
*13%
Shares
Railroad Stocks.
360
107
240
210
128k 129% 129%
141
65%
96
95
95%
95^i
IPk 10k 11-16 10%
2S% 29% 39%
*15%
15k •15% 16
42% •48% 43% 43k
939i
5«
250
Week.
H Indicates unlisted.
Oct. 6.
107k 107
65% 65k
66Ji
94k 94k
78
74
206
Friday,
5.
249k 250
107
240
200
•240
15% 16 1-16 •15k
43H 43k *m
75% 78
75J6 759i
3^^ 38k 36k 37k
nu 17k 17%
CO
Atl
Wednesday Thursday,
199M 200 SCO
188^ 129
123k :299^ 128
•141
142
142
145
140
141H
138
133k I33k 133k I33k
Mlk 42k •41k 42k •4 Ik 42k
48
48
48
48
•47k 48
121
121
121
122
122k 123
35% 2ev6 25k 25H 25% 26
14k 13%
•13M 14k
306
X
r>
n
Tuesday,
Oct. 3.
2.
123
138%
iio'
103
86
108
111%
113%
(And interest.
t91'50 paid,
Price Includes overdue conpo nt.
October
7.
THE CHRONICLE.
1899.
7:-<9
Latest Gross Earnings,
SOADS.
intrjestmjent
WeekorMo
AND
1899.
1898.
S
Jan. 1
to
Latest Date.
1898.
1899.
S
222.458
27,052
213,846
33,872
172,939
171,860
5,244
4,617
81,63f 1.498,659 1.304.218
4thwkMay
96,335
K. O.Pitts.
12.727
370.365
10.041
342.039
Kan.C.Sub.Belt 2d wk Sept
120.419 103.310 2.794.124 2.56^.497
L.Erie & West 4th wk Sept
3i6,728
34.511
40,912
Lehigh & Hud.. September
, 276.761
1,971 358 1.773,608 13,348, 07S 1 906,280
Lehigh Val. RR. August
Co.
1,379,399
10,y44,731
Coal
August
1,529.534
9.201.' 04
Leh. V.
The following table shows the gross earnings of every Lex'gton&East.
18,719
136,821
2.3,138
July
124,520
ITBAM railroad from which regular weekly or monthly returns Long IslandRR. September 470,598 579,279 3,503,031 ;}, 6 1.2 '8
figures
columns
of
give
the
The
first
two
494,t
06
609,527
obtained.
System.
September
3,774,509
Is.
Long
o, 815,498
tan be
15.158
12,10
80,373
61,614
gross earnings for the latest week or month, and the last two Los Aug. Term.. August....
1,232,305 1,(91.174
35,524
Sept
44,504
Louls.Ev.&8t.L.
3d
wk
tolumns the earnings for the period from January 1 to and Lou.H.&St.L.. 4thwkSept
15.185
439.537
20,143
359.221
Inoluding such latest week or month.
Louisv.&Nashv. 4thwkSept 767,610 618,126 18,647,850 16,558.206
4,451
39,816
4,510
34,900
The returns of the street railways are brought together sep- Macon &Blrm.. August....
60.622
7,560
Manlstlque
August
8,367
79,377
arately on a subsequent page.
tMexloanCent.. 4tbwk8ept 363,611 254,855 11,167.184 9,72<!,358
253,671
25,000
tMex.Cuern &,P. July...,
Jan. 1 to Latett Datt
Latest Qrott Earningt.
Mexican Inter' i. August,
386,936 281,492 3,056,636 2.215.474
BOAOS.
157,966 5,144,816 4,499.168
tMex. National 4thwkSept 175.595
1899.
1898.
1899.
1898.
WeekorMo
5B,148
486,973
63 691
Mex. Northern. July...
a33,675
jT
75.000 3,230,300 2,940,400
d>
iMexloanR'way Wk Septie
86,400
9
S
545,349
13,940
8,958
2d wk Sept
470.967
15,064
15,897
107,093
124.125 Mexican So.
July
itdlrondaok
4.'<,241
35,703
57,654
43.913 1,401,721 1,272,018 Midland rerm'i ,Tuly ..
Ala. Gt. South.. 4tliw]jSept
8fi,346
70,361 2,008.150 1,?6"^,819
473,177
72,670
67,976
474,765 Mlaneap.& St.L. IthwkSept
AU. Midland.. July
164,204 3,198,763 2.94 -.548
M.8t.P.&S.8t.M. 4thwkSept 156,061
A1».N. O. ATex. Pao. Juno.
920,622 Mo. .Kan. &Tex. 4thwkSept 4 5,573 449,299 8.378,866 7.9^0.602
K Orl.A N. E 4tliwkAug 59.000 46.000 1,065,447
2.=>,000
453.110
20,000
428.833 Mo.Pao.&IronJVt 4tliwkSept 985,000 854,000 19,895.551 19,04!^,714
Ala. & Vlcksb 4thwb Aug
40.00
897,377
Central Br'ch. 4tUwkSepi
46.000
984,262
413,514
21,000
22,000
423,713
VlokB.Sh.&P 4thwkAug
Total
4thwkSept 1,031,010 894,000 20,792,928 20,033,976
300,176 244,200 2,051,071 1,732,378
Allegheny Val. a ugust. .
178.883
23,40V
27,321
182,033
42,099
42,369 1,180,875 1,077,971 Mobile &Blrm.. June ..
4thwftSept
Ann Arbor
69,695
8,757
6,977
62,0+5 Mobile* Ohio.. September 478.017 382.291 3,918,936 3, '45,707
Ark. Midland... July
1:5,296
Mont.(feMex.G'l
865,965 1,003,143
119,758
Atoh.T.&S.Fe.. August.... 3.589,84b 3,004,108 26,218 88.i 24.559,444 Nash.Ch.&8t.L. August
September 569 182 533,059 4,475,3o7 4.vi44,242
171470 12>',493 1,0 3.445
796,791
Atlanta & Char. June
4,143
2,633
37.4l^
252.408
27,217
203,523 NevadaCentral. July
Atl.Knox.&No. August
4,905.211 4.107,090 31,892,647 29,288,980
456^6
44,792
343,362
317,919 N.Y.C.&H.R.. August
AtlantaA W. P. July
158,791
135.912 1,027,820 1,001,334 N.Y.Ont.&W.. UhwkSept 148, 96 108,815 3,562,275 2,821,443
Atl.O'BtUneS.C June
234.-80 201,076 1.645,963 1,43 •'.247
August
2l8,5»^8
16.634
11,117
203,195 N. Y.Susq.
Atlan.&Danv.. istwkMay
Norfolk A West, 4thwk8ept
273 500 232,139 9,231,904 8,256.795
10.174
9,165
73,263
AuBtln&N'wesi July
70
8
29.733
4,294
4 991
28.924
2,759,8P0 2,502.676 19,042,221 18.437.045 Northe9'n(Ga.). May
Ausust
Bait. <& Ohio
630,836 560,736 4,393,245 4,104 045
23 ',321 204,1.'^ 1 5,027,581 5,2.J 3,348 North'n central Augnst
Bal. «k O. Sou'w 4thwkSept
717,578 701.279 18,550.78H 17,201,185
13.10"
Batb&Ham'ndi- July.
2,200
1,732
11,770 North'n Paollic 3a wk Sep
34,42H
; 95,133
27,333
3d wk Sept
679,625
1,315
1.585
10,136
12,880 Ohio River
Blr. & Atlantic. June
34,855
37,595
373,194
BronBw'k&Weat July.
62.647
55,216
353,457 Om.Kan. C.&Is. August.
50,430
44,849
120,510 101,469 2,869,778 2,832,493 Omaha & St. L. August.
BTiff.Rooh.&Plti !4thwkSept
151,773 4,248,963 4,362,852
483,065
3^5,39H Oreg.RR.&Nav. 4th wk Aug 165,4-^
75,283
66,939
Buffalo & Susq August.
678.649 585,8'?2 4957,779 4,. 01,946
128.241
118,961 3.364.617 3.033,636 Oreg. 8h. Line.. August....
Bur.O. Rap.&N 3d wk Sept
414.349 439,131 2,343.820 2.731.643
OuiadlanFaolll<> ItliwkSept
852,00
757,000 20,148,025 18 254 632 Pao. Coast Co.. June
Pacific MaU
471.594 2,114,0 ^
July
298.792
2,628,553
165,' 58 4,029,350 3,7-8,915
Oent.of Georgia 4tliwkSept 174,561
Pennsylvania^.
45,817,067 42,248.667
Augu<-t
5,723,061
6,586.461
E...
4'.034
398,277
58.426
Central N.
July
353.6^5
Peonabec.&Ev thwkSept
23,085
636,660
59.'),335
24,240
Centrsklof W. J.. August... 1.449.555 1.146.069 9,533.353 7,928,52h
499,852 369516 2,670.968 2.252,738
1.580,443 1,300,119 9,448.878 8,70«,335 Phlla. & Erie... July
Central Pacific July
2,278,189 1,909,540
Oharlest'n&Sav July
44.678
49.296
439.899
435.848 Phlla. &Read... AnguPt.
Coal& Ir. Co August.. 2 805,054 1,659,538
1,446
943
4 9,443
Ohattan'ga Bo. 3d wk Sept
54,860
Tot. both Co's August..
5,083.243 3,56^.078
4thwk8ept 334,087 313,370 9.012,93- 8,762,885 Phil.
Ohes. A) Ohio. .
Wllm. <& B August..
844.327 6,780,216 6,373,416
887.827
4.353,664 4,0f>4,596 28.281,172 26,992.544
OhlcBur. AQ- August
August..
1,657,576 1,389,807 11,276,007 10,160,983
103 331
97,824 3,486,219 3,095,' 59 Pltts.O.C.&St.L
Ohlo. &F.a8t.Ill ithwkSept
Lisb.&Wn
30.028
August..
3,912
4,297
29,538
OhlcOt. West'r 4thwkSept 212,724 170,502 4,620,683 4 06^,777 Pitta.
Pltta.Bes.&L.E. 4thwkSept
44.643 1,302,083
59,410
991,384
117,231
Ohio. Ind. & L. 4thwkSept
95,21 ^ 2,7*1,907 2,457,957
37,466 1,392,736 1,266,803
37 688
Ohlo.MU.&8t.P 4thwkSept 1,273,930 1,222,201 2«' ,620.851 25,006.544 Pitts. &We8'n.. 3dwkSrpt
715.1V 7
Pitts. CI. AToi 3d wk Sept
21,622
21,005
771.452
Ohlo.&N'thw'n August
3,801,414 3,414 353 25,993.062 23,228,293
Pitts.
Pa.
&
F.
300.551
277.r65
9,018
3d wk Sept
12.902
85,4.'Clhlc.Peo.&St.L August....
583,416
68,562
545,1 OS
Total
system
4 thwkSept
90.807 2.510,234 2.414.063
93,971
Ohlo.R'kI.&P August.... 2353,438 2,13 -,731 13.95«,193 13,53',380
Rloii.Fr'K8b&±'
558.324
75,356
520,444
76,148
aiil0.St.P.M.&O '\.ugust
979. 5881,725 6,450,81
5,318,471 Rio Grande Jet. July..,
217,733
35.048
42.833
210.610
CaUcTer.Tr.RR 3d wk Sept
24,848
23,182
896,598
839,928 RloGrande So'n luly..
12,625
333,678
16,208
345,099
Ohio. & W.Mich 3d -wk Sept
47,373
51.043 1,573,25
1,349,412 RloGr'de West. 4thwkSept
64,90('
2,560,969
3(1 wk Sept
86,000
2,287,966
Ohoc.Ok.&Gulf. September •119,000
*85,00' *l,213,8-4 1,041.083
Sag.
Tuso.
H.
&
75,515
12,900
13.227
66.957
July
Oln.G.&Porte'U) August. .
7,473
5,912
44,757
38,975
28,967 1,012,730
S 3,093
873.337
01n.N.O.<feT.P August...
428,209 417,346 3,046.354 3,006.127 St.Jo8.&Gr.I... 4thwkSept
8t.L.Clii.&St.P.
227,607
31,643
32.535
218.149
Oin.Port8.&Vlr August
34.906
28,908
201,000
177.646 St.L.Ken'etA So August
57,227
5,602
August-. ..
8,500
41.737
01.01n.Ch.&8t.i 3d wk Sept 334,594
3 3,106 10,546,407 10,324.275
5,471,33fi 4,948,978
St.L.&SanFran.
179,288
4tUwkSept
218,9^7
Peo. & East's August
178.407 162,503 I,2t8,-.i4i 1,215,695
St.L.8outhwest.
189,140
4,027,799
171,962
4thwkSept
3,712,900
Ol.Lor.&Wheel 3d wk Sept
38,090
33.100
15^,9Zb 1,153,607
190,992
97.5,982
Ool. Midland.... August..
157,862 126.663 1,093,792 1,036,217 St. Paul & Dal.. August..
San.Ant.&A.P
172,845
206,013
August..
Colorado &So.. 2d wk Sept
79.595
2,Hl4,91t
Fran.
&N.P
San
609,848
89,931
97.082
August..
544,354
Ool. Band'y A H 4thwk Aug
28,133
30,245
538,185
546,475 S. FePres.&Ph.
605,393
14,334
549,942
15.239
.... July
OrystaL.
498
1,324
6,915
8.488 Sav.Fla.<bWe8t. IstwkSept
322.313 421,066 2,262,656 2,482,a79
Ooinb'l'd Valle> July
75.22.6*^.069
483.7.50
468.149 Sher.8hrev.&8o July
201.912
8,659
167,137
4thw][Aug
9.039
Oenv. & Bio Gr 4thwkSept 314,4ti0 249,400 6.912.453 6.161,520
Sll.Bprs.O.
193,208
27,713
3 1,67 J
160,154
July
Det.6.Rap. AW 3d wk Sept
31,213
35,641 1,128.547 1,05 ",653
8o Haven &£.. July
21,529
3,454
15.911
5.560
Det.& Maoklnai July..
45,85(i
61,641
422,204
327,379
Pacific Co.Dulnth S.S.&Ati 3d wk Sept
52,953
41,865 1,670,429 1,332,560 80.
Gal.Har.& S.A July
458,288 393,682 3,280,179 2.998,109
BlfflnJol.&East. August
150,626 126, 5' 1,168,-00
984.027
807,<3i'
Louis' a. West July
705.199
99 811 103,836
lie
August
3,579,08- 2,978.007 23,328.213 21,048,00;!
Morgan'sL&T Ju'y
483.469 54H,894 3,754,618 3,5 45 712
Jtoreka Springe August
6,426
39,675
5,416
35,866
17H 602
142.980
N.Y.T. &Me3 July
25.373
19 501
Ev»nB.&Ind'pu- iinwkSept
9,057
8,913
251,919
234,8«2
Tex.&N.Orl. July
951,583
145 767 160,42b 1,088,405
BvMisv. <fe T. H 4thwkSept
39.163
33,67
933,443
1,004,598
Atl. Prop'tes.a July
1,223,9 S2 1,247.498
FlncL Ft.W.&W June
10,519
7.336
49,06a
39.384
So.Pao. ofCal July
1,407,692 1,091,362 8,639 639
nint&P.Marq 4thwhSept
89.647
98.064 2,433,835 2 216,588
244,48f^
So.Pac.ofArlz July
191,649 1,995,749 1.879.168
Fla.Cent.& Pen. 3rt wk Sept
43, 01
51,446 l,ftll,29.=i 2,240,^96
95 ',994
108. 4»0 1,139,690
So.Pac.ofN.M July
150.359
Ft.W'th<feDea.f 2d wk Sept
27,68H
28.t06 1,053,434
911.934
Pacific systen. July
3,723.0 9 3012,315
Ft.W.<SiRlo Gr 4thwkSept
13,800
333.2..b
19,337
332,620
Total of aU.6 August
5,489.129 4.595,074 37,965,101 34,834.235
e»dB. & Att. U Augunt.
1,311
4,St»7
538
6.695
778,44: 19,700,585 17,876,522
BeorglaRR
•ithwkSept
46,934
51,803 1,154,14(
1,098,705 Southern Ry.c. 4 thwkSept 854.982
21,96
9,425
19,219
10,732
Qeorglaib Ala. August.
784.ti57 SoonyCl. <SC.Mi July
93,100
96,383
771.168
12,146
200,426
192,100
10.487
e«o.So. &Fla AUgUat.
88,383
648,470
73,300
643,950 Texas Central.. ad wk Sept
Texas* Pacittc. 4thwkSept 183,722 250,382 5,65c,033 5,205,171
QllaVal.G.&N. July....
32,528
248,657
2,700
5.000
flr.tiap. <blnd. June ...
206,192 162,581 1,134,075
973,566 Tex.S.V.&N.W. May
44,950 1,434.909 1,338.934
5H,92-.
01n.R.&Ft.W June ...
41,799
232,756
214,327 T01.& Ohio Cent 4th wk Sept
36,985
748.78W
29,311
712.796
28,8 2
Xraveree City June ...
3,805
3,3 i2
22,939
19,628 Tol.P. AWest. 4thwkSept
58,106 1,43 ',319 1552.-. 87
54,266
MaB.G. R. &1 iJune
10,699
10,481
56.787
58,088 Tol.St.L.&K.C 4thwkSept
1,7:9,966 13,032,513 11.7*1,032
9S0.750
Tot amines. iuly
279,683 247,858' 1,726.240 1,513.467 Union Pao. RR.. August
itbwhSept 473.818 398,07.- 11,225.747 10.045.528
Qr.Tr'nk Syst'm 41hwbSept 773.935 716,208 18,986,786 17,494,448 Wabash
2,176 383 1,8 1 8H3
453,250
539,450
Ohlo.&Gr.Tr. 2d wk Sept
73.325
64,- 8
2,683,357 2,53 S09S W.Jersey&Sea'e August....
850,562
101,513
773,009
llo,967
Det.Gr.H.<SiM. 2d wk Sept
22,450
20,V:70
645,141 W.V.Cen.&Pltts August....
681,470
31 t74
160,827
182,232
^estVa.A Pitts, June
31,307
Sreat North'n—
371,43"
35<» 060
46,85
48,14Western of Ala July
Bt. P. M. AM. September 2.532,774 2, 36.=i,'^80 14,702,087 13,269,707
6d,100 2,533,196 2.155,991
West.N.Y.&Pa 3d wk Sept
75 90East of Minn. September -109,203 345,880 2,052,(0
1,,'>63,704
36,329 1,225,743 1,078,199
47.335
Montana Cent September 171. -.95 153.6<r5 1,434,248 J ,462,749 Wheel. & L. Erit 4ihwbSept
19,352
23,4tt
Clev. C. & So. IthwkSept
Tot. system
eptember 3,113.27^ 2,865,' 86 18,188,93" 16,296,161
dl 172 637
55,681 d 13423
70,804
Total
4thwk8ept
emB'mnt&K.C 2d wk Sept
6,742
4,080
122,931
201,£01
Wis lonsin Cent 4thwkSept 183,038 152,419 4,037,749 3,643,8-9
Gulf AChloago. July...
3,008
3,7 88
73.313
46,850
5,781
10,734
Hooking Valley. ItliwkSept
94,068
65,070 2,418,151 1,927,620 Wrigntsv.&Ten. July
44,060
40,969
5,683
6,860
Hoos.Tun.&Wll August
5,944
5,875
34,949 Y.,ra Southern. July....,
37.313
HouB.&Tex.Cen July
212,829 213,485 1,884,805
minola Central. August
2,590,297 2,371,996 18,687,022 17,654.589
In<l.Deo.&We8t. May
46,835
46.298
202,601
210,664
o Includes earnings from ferries, etc. not given separately, b tn
Iad.m.&Iowa. July
76,791
59.594
504.07 6 eludes the PacUlc systom and the Atlar tie properties, but not the Houe577,»22
fluAGt.f)orth'n. 4tliwkSept
154 OH 148,942 2,670,471
2,533,664 toTj <^ Texas Central system c A.fter May 1 Includes South Carolina <b
0nteroc. (Mex.* Wh«aptl6
65.300
53,700 2,748,900 2,273,650 Georgia for both years, d Includes Clev. Canton & Southern from
Iowa Central.. 4thwkSept
75.65S
64,160 1,664,821 1,438,667 Aug. 16 only. 'Figures for Aug. and Sept. are for the railroad only.
Iron Railway... August
5,726
4,157
38.7 32
32,962
t Includes Chesapeake <fe Ohio 8o' western, Ohio Valley aid Chicago
Kanaw'aA Mlob IthwkSept
19,452
13,291
488,787
415,157 and Texas for both years. Results on Yazoo Branch excl uded In
K.O.F.Soott<feM 3d wk Sept
113,649
78.535 3.530.540 3,374,282 1899 but Included in 1898 until July 1.
^•ovt Mexican currency,
K.O.Mem.ABir SdwkS'Pt
33.6921
21,513 1.024,635 1,005,418 ere results of Pines directly operated east of Pittsburg.
Kan. C.N. W.... August
Kan. City &Om. 3d wk Sept
&Q
RAILROAD EARNINGS.
'
I
.
&W
•<
.
I
AG
v;
,
1
1
THE CHRONICLE.
740
Latest Gross Earniu^g by Weeks.—The latest weekly earn'
ings in the foregoing are separately summed up as follows:
For the fourth week of September our preliminary statement oovers 52 roads and shows 13*80 per cent increase in the
aggregate over the same week last year.
Brost JSamxngt.
1899.
1898
Companies.
week of
Sept.
1899.
1898.
$
Alabama Gt. Soutbern..
AnB Arbor
..
57.654
42 099
Bait, cfe Ohio Bouthwest.
Bnfiaio Koch. A Plttsb'g.
Oanadian Paciflo
Central of Georgia
Otiesapeake
C
ic!»e"
Cailc.
237.;i^l
120.510
852.001)
1'4.561
334,087
103.331
212.724
117.231
1.273 9
314.40n
Ohio
<Jts
ERBt. nilro'i-
*
Great Western
able. iDd'plie
&
Louisv..
Ohloaeo Mllw. & St. Paul
Denver & Rio Grande.
Svansv. di Indlauapolle
Cvansv. A Terre Hante.
Flint & Pere Marquette
Pt. Worth & Rio Qr*nde
>arand Trunk
Cfllo.
<fe
&M
Mlchl«;an...
Lake Erie A Western
Louisville Hend.A 8t. L.
& NasT
Mexican Central
Mexican ^ atlonal
Minneapolis & 8t. Louis
Minn. 8t. P. <fe 8. 8te
Mo. Kansas &. Texas
Mo. Pacitio, Iron Mt. ..
Central Branoii
». Y. Ontario & Western
M
& Western
Deo. & fivansv.
&
L. Erie...
4 Western.
Rio Grande Southern
St. Joseph & Qd. Island.
St. Louis He San b"ran
St. I^Dis Sonthweetem
Southern Railway
Texas <fe PaoiOc
Toledo & Ohio Central...
PltistiurR
.
^eona & w est n
Toledo 8t. L. & Kan. Cltj
Wabash.
Wheeling 4 Lake Erip.
Clevel'd Canton & So.
Wisconsin Central
Total (52 roads)
12*80
.
.... ....
8.t.03
Julyl
Peoria
716,208
57.727
O'^.OVO
28.998
5,071
11.498
6,161
17.109
,.
4,86i>
64.1
13.29-
103310
20.14^
li>.185
4.9'>8
767.610
363,611
175,595
618,126
254.855
157.H66
149.484
10-,75K
86,34»)
70 3^^1
164 20
15,9o0
985,0it0
449.299
854.00
46.000
40.0"f'
6.274
13101MI
6.0
39,281
41.36
1,155
14,767
3.16
3,583
4,1 6
39,649
148.09'i
lU',S15
273.510
24,240
59.410
93,971
16.208
33.09 <
218.937
1719 2
854,982
2-3.722
56.928
28,8i2
2:}2,139
179 2 -tP
189 140
778.449
25J.382
44,950
*
-
- -
8,143
•• .H*
»••• ••
469
L...
3,840
36.rf29
75,74
11,006
19,352
152.419
30,619
4,'
1,339,446
1,290,723
.
48.723
For the third weekof September our final statement -overs
70 roads, and shows 10 13 per cent increase in the Aggregate
over the same week last year.
3d
loee/c
of September.
$
Previously rep'd (62 ''ftp 9.449,740
128,24
Burl. Ced. Rap. & North.
52 W53
Dnintb 80 »hore&Ai..
43,601
Fla. Cent. & Penln
113,649
Kan. City Ft. 8. « Mem
3i6>v
Kan. C. Mem. <fe Blrm...
8.607.3.«i7
5,244
10,4»7
75,900
4,617
12.146
66,100
9,913,507
9,002,530
. .
Total *70 'oadP)
Vet Increase (10 12 d.c
874.741
9,2x0
llOesc
118,^61
41 8«
51,446
....
35 124
12,179
62r
78,r^2
21..'='13
Decrease.
9.80-
952,83
910,97?
'.
For the month of September 64 roads
niahed aiatements for the full
results as follows
month
(all
as yet)
*
32,358
.--
7,845
.--
1,659
,.
---
4', 862
1898.
Kanawha & Mlcb.b.Aug.
60,964
432.348
111,626
52,331
366,H27
98,354
13,212
89,506
22,771
16.405
94.304
27,781
Liulsv. & NashT.fc.. Aug. 2,290,009 1,866,746
Jan. 1 to Aug. 31. ...16.329.915 14,6 7,2
July 1 to Aug. 31.... 4.456.229 3,694,413
771,603
5,3*0,283
1,502,45*
563,571
4,341,832
1,077,299
Mext.can Central... Aug. 1.289,191
Jan. 1 to Aug. 31... 10,034,545
372.8^8
3,292,9(7
2,733,532
I
Mex. International. Aug.
1
Per Oeni
10-91
It will be seen that there is a gain on the roads reporting in
the amount of $3,931,505 or 10-91 per cent.
>ei li^arulu^s rtouiiily i«Late«t Dales. --The table folIo\ting 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 glvet
once a month in these column and the latest statement o
this kind will be found In the Chronicle of September 23,
1899. The next will appear in the issue of October 21, 1899.
Net Bamtngs.
Gross Earnings.
1898.
1898
1899.
1899.
$
$
$
Companies.
$
8B3.O27
©anadlan Paciflo. a. Aug. 2,474.037 2,210,865 1,018,332
,
,
Jan. 1 to Aug. 31... 17,54'<,025 15,858.247 7.014.047
373 151
Chetap. & Oblo.a...Aug. l,10f.,295 1.038 305
Jan. 1 to Aug. 31.... 7,907,593 7,740,684 2.479,295
723.520
July 1 to Aug. 31.... 2.156,454 1,999,394
Ohlc.R.I&Pao.a....Aug. 2,^53 433 2,133,731 1.084,525
Jan. 1 to Aug. 3l....l3,9.'i6,l!»3 13,So7,380 4,84»,140
Apr. 1 to Aug. 31.... 9,250,959 8,764, r!81 3,160,1,53
68.457
103.919
104,258
Cailo.Teim.Transf.b.Aug.
77i,481
520,324
821,840
Jan. 1 to Aug. .51....
132,496
203,005
204,599
July 1 to Aug. 31....
1,075.479
8,833,308
265.395
14'. 358
386,936
281.492
122,259
56,636 2.215.474 1,340,396
863,865
388,751
344.238
179,743
139,674
2,699.301 2,46O,60U 1,1?>7,113 1,0 0,392
787,366
634,213
382.>"65
237,082
524.815
525,932
183.392
209,965
3.906.185 3,811.183 1,13 3,3>7 1.35?,174
1,022.905 1,075,464
348 436
429,855
1,144,369
945.922
442 612
310,519
8,083,185 7,274,466 2,621,896 2,044,374
2,196.553 1.810.499
81O.I97
573,636
63",836
560,736
165,376
188.876
4.393,245 4,104,045
98«,992 1,024,792
Aug. 31
M.St.P.&S. 8. M....Aug.
Jan. 1 to Aug. 31
JiUy 1 to Aug. 31....
Sash Ch.<te8t. L.b. Aug.
Jan. 1 to Aus. 31...
July 1 to Aug. 31 ...
Norfolk & West'D.a.Aug.
Jan. 1 to Aug. :il....
JiQy Ito Aug. 31....
BTorthern Central. b. Aug.
Jan. 1 to Aug. 31....
Jan.
to
3,<
PennsylvaniaLines directly operatedEast of Pitts. & E. Aug.
_ 6,586.481 5,723,061 2,311,215 2 264,715
Jan. 1 to Aug. 31
45.817,067 42,248,667 12,625,696 12,504,896
West of Pitts. <fe E.Aug
Inc. 922.400
Ino
164, (X
Jan. 1 to Aug. 31....
Inc. 3.254,800
Inc. 1,34 .600
PeorlaDeo. * Ev.b.July
75.244
60.469 def.l,5P9 def.l 2,683
Jan. 1 to July 31....
470.189
444.660
64,393
53,508
Phlla.Wilm<SiBalt.b.Ang.
887,827
844,327
293,326
263.226
Jan. 1 to Aug. 31.... 6.78",216 6,373.416 1,987.120 1,760.?20
Nov. 1 to Aug. 31 .. 8.445,478 7,872.178 2,486.619 2,156,819
Rio Grande South, b. Aug.
45.698
43.921
22.739
19 045
Jan. 1 to Aug. 31
301,846
303,651
142,837
151,191
July 1 to Aug. 31 ..
79.197
86.245
36.426
37.339
8t. Paul & Dulutb.a.Aug.
190,992
159 925
67,736
53.377
9*3.982
Jan. 1 to Aug. 31.... 1,153.607
344,221
240,604
July 1 to Aug. 31 ...
353.807
-286,385
124,702
82,126
San Ant.& Aran. P.b. Aug.
206,013
172,845
73,996
54,592
July 1 to Aug. 31...
332.745
294.128
71.196
t0,057
Southern Paoiflc.b. Aug. 5.489,129 4,595,074 ?.168,260 1,744,807
Jan. 1 to Aug. 31... 37,965,101 34.834.235 13,229.326 12,174,744
July 1 to Aug. 31. ...10.438.684 8,854.888 3,945.194 3,274,931
oiedo &0. Cent. b.. Aug.
170 5S8
186,266
66.075
59,076
Jan. 1 to Aug. 31.... 1,254.(05 1,194,454
415.648
354.452
July Ito Aug. 31....
354,637
321.268
131.360
99,661
Inion Pac. Ry.a....Aug. 1.980,750 1,739,966
862,336
755,846
ran. 1 to Aug. 31 ... 13,032,513 11.741,0S2 5,142,145 4,892,138
Julyl to Aug. 31... 3.824.962 3,354,379 1,650.427 1,454,966
4?. Jera«v<fe8ea?h.b.Aug.
539,450
453,250
274.761
233,461
Jan. 1 to Aug. 31 ... 2,176.333 1,871,883
713,955
549,455
W#«st.
N.Y.&Penn.b.Aug.
5,7».7.393
36^ ,066
2,477,474
704,i39
969,470
4,805,688
2,956,780
66,27
491,4«8
122,479
.?65,039
96
704.898
2,303,'
July I to Aug. 31 .
.«59.651
Wisconsin Central.. Aug.
July L to Aug. 31.... 1.059,141
301,356
79 i
558.t77
451.373
871,222
1.9.57
132.413
743,221
26 ,i00
249.450
453,606
109,119
55'^.726
190.319
192.945
366.322
a Net earnings here given are
after deducting taxes.
b Net earnings here given are before deducting taxes.
Interest tbarges and Snrplas.— The following roads, is
ddition to their gross and net earnings given in the fore toing, also report charges for interest, &c., with the surplus
deficit
above or below those charges
/
Int., rentals, de.
1899.
Roads.
R.L& Pac.
.A.ug.
Apr. I to Aug. 31.
lev iln.Ch. & 81 J .Aug.
Julyl to Aue. 31 ...
Peona & Eastern Aug.
July 1 to Aug. 31
>enver & Rio Gr'de. Aug.
.
,
32<».955
2,177,202
638,519
34.608
270,307
show aggregate
groiB earnings (64 roads) 3^,879,223 35,^57,718 3,921, 05
3'^1.325
2,123,134
607,248
53 025
200,776
that have f ur-
Increase.
42,342
274.894
61.489
91.193
113,006
853,630
Chic.
1899.
of September.
48,689
3 0.073
135,167
974,894
>r
:
Month
S
363.496
2,323,669
669.327
Pt.W. ADen. Clty.a. Aug.
Jan. 1 to Aug. 31
Jan. 1 to Aug. 31
$
Kansas Cit.v & Omaha
Texas 'encraj
West N. Y. & Penn
Increase.
1898.
1899.
to
1 to
1
S
369.681
2.519,825
710,180
.
17,178
11,377,750 10,087,027
p. o.
mm
76.53
33.340
11.978
29.31
5H.106
398.073
473,818
47,^35
23 469
183 038
•BBS *•
•
2-<.967
54.2 6
......^
17.'^29
2j,085
44.643
90.807
12.^25
...
—
Aej Sarnvngr.
1899.
1898.
$
1,309,650
9,354,957
2,455,703
a. Aug.
to Aug. 31....
July 1 to Aug. 31
8,417
5.537
148.94^
Aug. 31
to
& East'n
1,365,612
9,5^6,524
2,620.409
s
178.407
162,503
Aug. 31.... 1,268,241 1,215,695
July
Aug. 31....
344,230
2S4,888
Oen. A R. Grande, b. Aug.
860,131
784.090
Jan. 1 to Aug. 31 .. 5.965,953 5,372,820
July 1 to Aug. 31
1,568,584 1,505,362
Jan.
20,717
5.507
42.222
22.0 3
51.726
65.0
14 J
5,488
773,935
15^,061
455..=) 7H
BTorfolk
ire\ Increase
270
13.800
46,9i4
94.068
154,013
75,6^8
13.452
120 419
&
1X>leao
33.17"
19,041
95.000
9
}
Qt. North'n .
Bitei:n'l
Iow» tJentral. .o.«. ..
Peoria
PitUb, Bess.
204.151
101.469
757.000
165,953
313,370
97.824
17O.502
95.218
Deereate.
i
Del. Gd H.
Hoohins: Vallev...
liouisv.
»
13,741
249.400
8.913
33 675
98.064
19.337
51.803
8^^.647
Grand Trunk >
Kanawha &
S
43.913
42 369
\222,204
9 057
39.163
'Q«orKla
Increase.
S
Clev.01n.<J.& 8t La. Aug.
Jan. 1 to Aug. 31 ...
Jan.
4.th
[Vol. LXIX.
Julyl to
Kanawha
&,
31....
Mich. ..Aug.
AU','.
July 1 to Aug. 31
Sash v. Chat & St. L.Aug.
July 1 to Aug. 31
Norfolk & Western.. Aug.
July 1 to Aug. 31
Slo Grande Sooth... Aug.
July 1 to Aug. 31....
Toledo <te Ohio 1 ^en . Aug.
Julyl to Aug. 31....
Wleconein Central.. Aug.
July 1 to Aug. bl
.
*
$
322.500
1,612,500
235,131
468,4^2
3«.125
76,250
199.769
398,512
10.785
21.583
135.620
271,2^1
190,599
38i,199
17.823
35,655
40.594
82 132
128,384
262,276
—
^Bal. of Net Eams.s
$
327.429
$
762,025
1,637,147
240.0-6
478,420
36,802
73.603
1,56 7.633
1898.
$
612,041
1,319,633
134.?>50
241.6.-8
123 410
190.907
1898.
206.822
417.4b3
10,825
21,570
130,251
260.535
186,255
372,510
l'',923
35,946
40,229
80,t63
119.815
236,833
1899.
10 564
5,540
17.943 def.12,114
130 893
123.459
250.743
262 657
2 427
5,680
l.lt8
6,211
47,772
79,714
77.215
169,270
124.264
252.013
428.998
206.126
1,122
4,916
770
1.493
*25.5^5
'19,140
*49 807
*2o,657
•121,884
•84,793
•193,019
•153,803
.
After allowing for other Income received.
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings tor the latest
period of all steket railways from which we are able to obThe arrangement of the
tain weekly or monthly returns.
table
first
is the same
two columns
as that for the steam roads
—that
is,
the
of figures give the gross earnings for the
October
THE CHRONICLE.
7, 1899,]
ANNUAL REPORTS.
week or month, and the last two columns the aarninge
for the calendar year from January 1 to and including such
latest
week or month.
STREET RAILWAYS AND TRACTION OOMPANIKS.
741
latest
8t
&
Date
1899.
1898
1899.
August
Rv
57,404
61.078
5.5f^6
July
Power. August.
5,45
417.268
30.551
306,127
47.002
. .
463 181
31,2 4
Ry &
(Qa.)
August
Elec.
.
14,549
15,679
9.407
18 606
37.92
..
49509
48.625
9.91
1 10 484
109,327
18.774
Ry.
.
37.410 240,D7i5 237,004
Bridgeport Traction August....
Bfklyn Rap. Tr. CcBrooklyn Heights.. September 5.'>6.891 535,33 4.644.959 4.4 4,= 8 3
Brooklyn Elev.t...- September 182.6«1 144, 32 1 5H7 444 1,1-2,179
September 193 740 206,1.=.9 ,586.1^4 1,6"3,533
Nassau Blectrlo
fSepteinber 9j3,312 886,02 7,818,567 7,270,vi97
Total
a:0,467 a4,66Chicago & Mil. Elec. AUiJUSt
12.6S3 11.(97
49,219
37,984
May
Oln. & Miami Val.
7<>,114 63.952
464.411
4 3,133
Cin. Newp. &Cov.... August
2.
17,
15,994
2,406
2,159
City Elec. (Rome.Qa. August
819 580 830.911
t83,i;87 141,738
Cleveland Electric. Jaue
413 7
50.6
June .... 11.224
S,987
Oleve. Palnsv & E
68.35H 58.348 500,716 446.587
Oolumbus 8t. Ry. (O. August
in, 425 103,574
Denver City Tram . August
651,869 580".12"2
Detroit Oltl'ns' 8t.Rj Istwk July 36,992 26,148
215,5^6 201,1,4
IstwkJuly
9,065
7,487
Detroit Elec. Ry....
Detroit n. Wayne &
10f>,321
91,417
IstwkJuly
4,778
3,739
Belle Isle
20437 18.49
143,737 132, 22
Onlnt.b «t Rv
August
30,157
Easton Consol. Elec August
20.iJ79 16,645
Erie Electric Motor.. August
l8,7^^!
Galveston City Ry... Ayrll
207 959 178.110
33,173 31.050
HarrlsDorg Traction August
Bay
July
August.
cities uonsol
Blnghamton
St.
W
.
..
Interstate Consol. ot
August
North Attleboro
Kingston oity Rv
Au/ust.
Knoxville Traction.. August....
.
Ijehlgb iTacUoL
Railway (Ohio)
3 331
18,99«
121b50
16,399
14392
101,02.5
947
8.748
15,95o
y 45
4 126
46 562
90.343
47,3o3
'691622
'63'i27
10 809
39 716
8
Uma
St.
4805
a0o6
Ry.(Can.) July
Lorain & Cleve
Los Angeles Tract.
Mass. Elec. Co.'s
Mllw. Elec Ry. & Lt.
Montreal Street Ky.
MuBoatlneSt. Ry
Newburg
July
June
August
AprU
August
A
Ry
St.
Vew London
New Orleans
St
Ogdensborg
Paterson Hy
St.
Juiie
Ry
August
City.... August. .
.
Ky.
July
yraoase Rai> Tr. R; August.
July
Toledo Traction
Torontu Ky
August
Twin City Rap. Trac August
Staten Island Elec.
. .
'58
223
36.
1.1
48,477
5'30',248
98i.7 9
36.397
35,011
39 .'lis
895.708
12,777
215 95C
34,151
247,^54
112,860
—
Engines
Passenger equipment
a3.038
150.981 13 ,089 1,096.507
175.617
91 7 O
Unit. Trac. (Readlnt; September 21,227 17.279
166.802
M y
Wakefield A Stone.
5,^04
4.8bl
19,Oi>l
v».i
Wllkpis * Wv
47.46^ 42.421
May
2. 4,840
999 99b
817 t8
148,629
19 57
194.745
These tlgures Include results on Bridge Division.
Strike in July 1899.
X Strike in June. 1W99. from 10th to 25th.
a Figures for Angus', 1698, cover line from Waukegan to Highland
Park only; those for 1899 cover entire Hue fromEvanstonto Waukegan
*
—
Uuiiwu) Met Earnings. The following table givts
the returns of Street railway gross and net earnings received
Id reporting these net earnings for the street rail
steam roads—
ways,
for the
that
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 Chronicle
of September 23, 1899. The next will appear in the issue oi
October
21, 1899.
.
Roads.
36,381
31,931
miscellaneous oars
455
424
—
Operations
Passengers (revenue) carried one mile... 448,456,418
362,302,510
2-23 ots.
Rate per paaseneer per mile
2'10ct8.
Tons of fieltfht carried one mile
3,373.480,389 3,295.586,072
Rate per ton per mile
0861 cts.
9 19 ots.
Earnings—
Pa-senger
Mail and miscellaneous
29,270,942
9,469.018
4,649,^65
$
30,543.640
8.153,012
4,103,480
Total
Operating expenses—
43,389,425
42,800,162
6,323,774
4,783.194
14,026,096
5,4?^6.069
Blnghamton St Ry..Aug.
Aug. 31
City Elec. (Rome.G a) Aug.
Jan. 1 to Aug. 31....
Easton Cons. Elect Aug.
July 1 to Aug. 31...
Knoxville Traction. Aug.
July 1 to Aug. 31....
Jan.
I
to
.
18,606
110,484
2,406
17,823
30,157
59,445
17.243
34,216
$
Fielght
Maintenance of way. etc
Maintenance of equipment
Conducting transportation
Taxes
General
Total
of operating expenses to earns.
1899
$
18.774
109.327
2,159
15.994
«*>>•
15.956
a 0.9 08
$
*8
580
38,902
.S73
3,820
14,652
28,902
7.765
14.707
1898
$
11.626
47,487
249
2,414
9,131
17,037
Increase in expenses due to rebu ilding track and overhead con-
•truotion.
Interest Charges and Sarplus.— The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with the
mrplus or deficit above or below those charges.
Int., rentals, etc.
Boadt.
Saston Cons. Elect. Aug.
.July 1 to Aug. 31....
1899.
1898.
$
9
7,491
15,000
27,«10.886
14,989,276
64*98
.
.
1^97-8.
1898-9.
Receipts—
Net earnings
Other income and interest
Land department receipts
Total
15,253,960
402,143
85,6J9
14,989,276
457,331
76,830
15,741,782
15,523,437
8,102,902
386.835
8,251,466
823,755
(6%)5,23d,371
778.612
,
Deduct—
Interest on bonds
Rentoftr-icfes and depots
sinkingfunds
Dividends
Renewal fund
410,''66
(4ia)3,690,126
1,000,000
14,130,770
1,392,667
14,251,853
1,489,929
Total
Balance, surplus
30.
1898.
1899.
Assets—
Construction account
Coct of securities of controlled roads
Sundry investments
Materials on hand
Sinkingfunds
$
226,752,658
34 422.984
12,310.250
1.290.163
4.074,351
7,093,784
291,543,785
269,993,456
93,725,400
124,71 2,700
1,725.000
82.761
1,619,580
1,450,804
2,429,675
9,533,000
19,277,294
10.000,000
13,690,216
13,297,355
82.004,200
125.934,900
2,801,000
78.754
1,616.890
1,356,209
2,350,039
291,543,785
269,993,456
3,6 8,269
1981.326
Total assets
Liabilities
—
napital stock
Funded debt (see Investors' Sopple't)..
Branch road bonds (contingent)
Matured coupons unpaid
Interest due July 1 [1899 and 1898]
Unpaid vouchers and pay-rolls
Sundry current accounts
Paymt-nts uuder circular of April 20
Sinking funds
Renewal fund
Income account
Profit and loss
Total liabilities
—V.
$
206,634.183
35,295.352
3,516,850
1,513 508
11,434.680
2.6:4 308
3,381,981
5,589 593
Sundry available securities
Accounts and bills receivable
Cash on hand
18.133,976
10,000.000
1^,252,236
13,465,252
69, p, 591.
Lonisrille
&
Nashville Railroad.
30, tS99.)
The annual report of the Board of Directors (Mr. Augast
Belmont, Chairman, and Mr. M. H. Smith, President), will
be found in full on pages 746 to 754 of the Chronicle, with
the most important tables.
The Ptatistica for four years have been fully compiled for
the Chronicle as below:
BOAD AND operations.
.
-Bat. of yet Earn's.~^
1899.
7.161
13,902
18£8.
1895-3.
1898-9.
2,988
1897-8.
2,988
1896-7.
2,981
Passensrer cars.
546
450
547
446
549
439
544
438
Fr'g't,&c.,car3.
21,285
20,375
19,126
20,313
Av. miles oper,
Equipment—
*
28,135,465
15,253,960
64'84
l,589,8:-ft
Net earnings
ct.
1,412,566
6 330 358
13,346.761
1,538.668
1,139,031
-Net Earnings.
Oross Earnings.1898.
S
891
763
Fr.^ighT cars
{Report for the year ending June
— 1899
5,860
Way and
1
we adopt the same plan as that
Is, we print each week all the
1897-8.
951
805
BALANCE SHEET JUNE
2l7,25t' 185,0t>3
titreei
1898-9.
6,231
Miles operated, June 30
Equipinent
110,31)1
^41.34'
30, 1899. J
OPEBATION3 AND FISCAL HEStTLTS.
Per
223,353 186,713 1.600 099 1,388,265
15.';82
20,41;^
100 599
87,268
D'td Ry8.Eleo.(Bait.) April
Unltea iraot. (Puts. August
United Tract. (Prov. June
this week.
June
INCOME ACCOUNT.
9.433
51,407
11.46H
77.008
12,87
8.364
557.632 524.7'
6()2'.447'
150,263 134.407
Lb3.394 43.r01 1,113011
38.98*
5.652
4,621
36,3»3
8,9 -b
8.031
4<> 034
9 339
9.549
112.116 106 420 9 7,300
2,36r<
2,1-9-i
14,^92
38 820 36,019 271.2i:9
15,350 13.139
10.729
35,855
8,89^
7..i78
8.2 8
2"63,8"*1
36.936 34.213
2tf.56b 26.98 d
115,825
38.57: 34.80H
99,0 iO 85,055
123,2-}
June
August
Bpfiforrt)
& Transp
28,668
•
ugust
August
..
August
Richmond Traction.. August
Roxb'hUh.H.&Nor'i May
Bofaaylklll Val. Trac August
Soranton Railway.. August
Union (N
United P.
17,241
10.177
August
August
26 523
108.153
3.825
18,782
. .
London
& Quincj RR.
The second annual report of this company covering a full
twelve months since the change of the fiscal year from Dec.
31 to June 30 is given on pages 754 to 757. embracing the remarks of Mr. Charles E. Perkins, the President, and the
balance sheet and income account:
•
Herkimer Mohuwk I'
ion & F'kfort El. Rj August.
Houston Elec. St. Ry. July
Sept. 16,
1898,
('For the year ending
Albany Railway
AuRusta
to Latest
Chronicle
index, see
589.
Chicago Burlington
WetkorJio
EASStSQB.
AmBterdaiD
Atlanta Ry.
Jan.\
Latest Oratt Earnings.
OBOBS
Annnal Reports.— Last
page
Locomotives...
2,965
Operations5,208..=i88
5,455,749
5,115.190
5,446.801
Pass oar.
m. 215,203,228 207,903,873 186,851,997 209,967,678
Rate per pass.
2'2=> cts.
2-15 ots.
2*23 cts.
218 Ota.
per mile
11,856,552
F'gt (tons) car*
11,391,942
12,309,731
12,390,835
Freight (tons)
car'd I mlle*2230,767,045 2011,367,580 1737,230,703 1674,658,419
Rate per ton
0-805 cts.
0-729 cts.
819 ots.
per mile
0750 ots.
Pass, carried..
l
«
Not including company's
freight.
THE CHRONICLE.
742
Five hundred 30-ton coal cars
BARNIMaS AND EXPENSES.
1898-9.
froTii —
VfiT^Vs
$
1895-6.
1896-7.
1897-8.
$
$
$
14,324,906
460,383
14,641,2^3
4,291,735
699,264
426.002
314,043
21,996,653
20,372,307
20,390,711
8,475,886
7,5=5,P.'M
Mail), of equip.... 2,90^,048
Main, of way, &c 3,116.762
3.052,179
3,183,186
1,130,438
7,005.746
2,384,144
3,354.767
1,104,560
6,319,224
2,270,747
2.d19,055
17,100,715
4,905.5H4
706.384
459.665
15,8.^,802
4,557,729
702,141
5t>7,l38
Total gross earn.. 23,759,486
Freight
Paspengers
Malle
Express
MisceUaneous....
TrK'offfinT..
General.-.
i;235.892
......
4^1,:^98
fVot. LXIX.
4,666,7?>1
651.? 9
428,185
319,280
2,39d,17i>
$32-^,800
Two tugs dud three car floats
186,595
178,838
358,122
Electric motors and cars
Dedham and Hyde Park improvements
New freight and passenger stations, etc., etc
Stock and Bonds. —The capital stock has been increased by
which 64,082 in exchange for New Engstock and 6,000 for stock of the Shepaug Litch-
70,082 shares, of
land
field
RR.
& Northern
RR.
The funded debt has been reduced by
the payment of $1,300,000 bonds of the New Haven & Northampton Company (every share of whosp sock is now owned
by the Now YorS New Haven & Hartford RR. Co.) and
$1,0(jO,000 bonds of the New York Providence & Boston RR.
Co and $300,003 rolling stock certificates of tbe Housatonic
RR. Co., both now merged. For this purpose sharBS of the
cumpary's stock derived by an exchange for its New England RR. stock, were sold. The company still holds in its
treasury 24,956 shares of its own stock available for its
general purposes.
There are now outstanding 1,088 shares of the preferred
stock of the New England RR. and 867 shares of the common stock. This company, therefore, owus more than 99 per
cent of the entire capital stock of the New Eaglaud RR. Co.
,
Op. exp.,exo. tax. 15.731,588
8,027,898
Net earnings
^?S earnings !."^:
66-21
13,849,217
6.523,090
14,921.730
7,074,923
13,505,206
6,885.505
66-23
67-98
67-84
IXCOME ACCOUNT.
1899-99.
1896-97.
1897-98.
1895-96.
RECcivts
S
^
Net earnings
8,027,898
7,074,923
6,523,090
6,885,505
590,776
427,064
_434_^7^
8,568,543
7,665,699
6,950,154
7,319,877
^^.^^^^
g^^^^,,
_540^5^
'Tents'&c!'-!-':
Totalinc
^^^b«rsemeH<s:•
^entT*
*'l57,i8'S
GeorgiRRiioss...
Otb. roads loss
Sink, lund (net)...
12,687
^'I'^Hl}
gggg^g
g-gggl
^'^81.993
4.983,09.
37.870
89,989
6-20
25,440
12,480
162
127,180
46,165
48.579
1.848,000
16'2,007
56,472
26,375
49.9 5
194,663
108,440
20,947
Total disljurs. 7,789,644
6,032,795
1,632,904
5,970 974
979,130
ToS &N.
A......
Miscellaneous....
Dividends (6^%)
778,900
Bal., surplus
GENERAL BALANCE SHEET JDNE
1899.
$
Ass&tS^~
Roaa,eqiiip.,etc.lll,286,144
1,083,293
Stocks owned... 2,079.581
Bonds owned... 9,615.826
Stks. &ods. in tr. §37,935 534
2.412.414
Bills Aacctsrec.
1.699,983
Mat's, fuel, etc..
Cash on hand... 1,4-3,S21
1,105.375
Nash. AD. adv.
388,249
Adv's to Others
1,306,340
Sink, funds, etc.
&M.bds.acct. 1,100.530
2,200.000
Unlist. cap. stk..
1,292,296
Ur.fddisct aoct.
685,056
Miscellaneous...
''^laDds! &^^^f.'.
M
18^,r.47
50,183
14,727
5.942.373
1,377,504
1897.
1898.
tp
1896.
***
"P
110,921,040
110,483,393
106.604,118
1,069,726
1,631.598
1,185,235
1.639,312
13,705,176
21,035.500
3,173,597
1.635.835
537,356
1.053.268
139,061
1,053,654
1,180.600
1.613.187
13.762,h72
17,085,534
2,200,000
804,750
2,200,000
662,797
7,705,0,il
37,935.^34
3,003,098
1,73>».115
3.057.660
1,083.126
346,545
1,177,116
1.100,237
2,200,000
1,340,875
3,-26-<.888
1,40^,05S
770,528
l,0tl,'.^66
64,34<*
1,010,000
158,646,141
150,673,191
55,000,000
55,000,000
55.000,000
55,000,000
INV BUiP.)... .110,693,660
110,389,660
86.7?4.600
Liabilities
Stock
(see
Interest
Dividends
&
co.'s.
Individ's
Pay-rolls, vouch-
&c
917
719
1,»«16
1,561
Equipment —
Earnings
Reserve fund
14,081,857
339,212
13,3 40.
315,256
37,143,917
30,322,738
29,623,333
30,j45,630
4.968,591
3,845,488
&c....
3,406.-46
4,082,365
Main, of equipment.
15,636,247 1<:,940.074
Transportation
6 9,578
894,054
General
3.526,974
3. 24,106
12,414,406
777,691
3,869,241
3,796,906
12,726. 85
25,581,256
11,562,661
20,891,68t>
20,043,257
9.431,052
9,58(»,076
21,137,227
9,'. 08,403
(68-87)
(68-90)
575,425
580,352
Other income
1,768.992
-.-.
--
3,715,041
140,540
2,846,361
175,674,441
174,309,701
Miscellaneous...
liabilit's.
Total
Expenses—
Ma'u. of way.
Net earnings
537,715
--
2,690,251
2,896,239
1,498,658
158,646,141 150,673,191
t Includes $2,200,000 unlisted in company's treasury.
& Less bonds atjd stocfes of those roads whose cost has been added to
'cost of road."-V. 69, p. 695.
New York New Haven & Hartford
Railroad.
Total
$35,960,217.
1398-99, therefore, shows an increase of $1,183,These figures do not incluie the earnings of the Oil
699.
Stonington SceauaColony Steamboat Co., the Providenoe
ship Co. or the
Norwich
& New
&
York Transportation Co.,
So much of the net earnings
§3,783.9-36.
of these steamboat companies as have been divided is included in "Income irom other sources."
Financial. - There has been no charge to capital account
except for pcircaases of real estate amounting to $138,432.
The floating debt shown in the balance sheet represents a
portion of the atnoant advanced for the extension of the
Providence RR. to the Sjuthern Terminal Station.
Boston
Tnis will be caaceied upon tbe sale of tha Park Stjaare
property in Boston, belonging to that corporation.
Charges aggregating $1 653,719 have been made to operating expenses to meet general depreciation. These include:
which aggregated
&
744,695
601,068
(6766)
6 4,071
Total net income 12,186,034
10,032,120
10,194,148
10,064,038
88.'^,999
826.091
660,766
of exp. toearns.
(69't)5)
855,685
Deduct—
Interest on bonds...
omer interest
Rentals
1,100.119
10,953
4,537,875
Taxes
2,171167
Eightp.
con stock.
1,024,138
28,995
3,370,477
1,688,871
3,809.816
4,158.688
11,978,802
9,922,297
Bal. for the year.... sur.207,282
8ur.l09,>j23
Total
333,9-18
3,150,172
1,64 ,744
3.803, 16
3,608,542
10.119,419
8ur.74,729
10.005,741
8ur.58,34S
BALANCE SHEET JDNE
1899.
3,418,105
1.49<5,237
30.
1898.
1897.
Assets—
$
$
$
58,456,251 57,6«S.789 51,167,011
Cost <'f road and equipment
615,~3-j
615,8 8
other permanent investments...
7,871,100
Stocks ot leased linHsrec.iu exch. 14,355.291
8,211,500
Siocks and oonds of other comp's 10,466,050 11.0<4.88a 13,-81,792
2,716 708
1,859 531
Supplies on hand
1,6 1,870
52-,^,8 O
548,695
Due by agents on acct.of trafflc. 1,313,705
Dueby co'w and indiv.,open aoo'ts 1,387,674 1,018,510 1,270.683
322.193
545,356
482,080
Cash on hand
3i7,i9l
462,-61
5 8, -71
Bills receivable
90."04
90,004
90,000
Rt-al estate. South Street, N. Y.
7,737,-236
Coutinsent assets
7,806,889
7,090,660
1
Advances Dan mouth St. station
and B. & P. extension
Prepaid insurance, taxes, etc
The year
'.13
6.'3,423
c.
GENER.4.L
C Report for the year ending June 30, 1899,
President Charles P. Clark says in sabstanie:
Earnings.— The gross earnings ($i7 143,917) as reported
below lor the late fiacal year include the New England RR.
operated under lease daring the year, and ttie Shepauij
For pur
Litchfield & Northern RR,, merged Jaly 9, 189S.
poees of comparison it may be staged that for the year ending June 30, 1898. the gro^s earnings on the same basis
aggregated $35,9b0,2l7 as follows:
New York New Haven & Hartford RR.. $30,322,737; New England
RR. $5,570,645; Shepaug Litohtteld & Nortliern RR., $a6,834; total,
$
$
16,274,100
13,77 ^,071
299,459
1,389,632
...
$
$
15 967,864
1,594,546
Mob.&Mon.RR
6!>1
1,588
15,901,6fi9
P.
Profit audioes...
—
1,705,793
&o
7
1,559
11,8-1
Pass'ger departm't. 18,381,831
Freiglit departm'nt. 18,381. -^48
377 238
Miscellaneous
2,085,131
47,866
199,011
1895-6.
i
936,415
1,869,442
1896-7.
1,464
11,1.-5
12,490
Freight cars
12,557
434
570
439
432
Other cars
51
53
49
Steam's, tugs &flo'ts
46
Operaa'oJis— Revenue passengers and freight only.
Passengers carried. 49,035,411 41,464,74-s 41,599,670 43.970,932
Pass, oarr'd 1 mile .86 ,416,692 759,632, i95 756,540,942 788.* 77,4-24
1-771 ots.
l-j-Oocts.
1-766 cts.
Rate p. pass. p. mile 1-791 cts.
Freight (lons) car'd 14,375,-23 11,0«2,<'06 10,391.726 10.86n.909
do lm.1,257,413,624 699.636 294 839.960,369 84 7.107,629
do
1-511 ots.
l'5i8 cts
1-570 ots.
Rate p. ton p, mile . 1-411 cts.
1,588.281
47.629
Def. equip., rent-
Total
Locomotives
Passenger cars
1,587,761
1,111.811
802,782
467,3.<1
1897-8.
1,464
9.
2.047
93.520,660
3,031,- 28
1,583,407
47,«65
602,558
2'>,.^69
Billspavable
al,
1898
Miles oper. June 30.
—
t
Bond debt
ers,
—
Leased Lines. Tne Norwich & Worcester RR. has been
extended from Allyn's Point to Groton, six miles, and was
opened for business on June 4, 1899. A lease of the Middletown Meriden & Waterbury RR. was made for one year
from Nov. 10, 1898. The New England and the Old Colony
began to use the Southern Terminal S^^^ation in Boston on
Jan. 1, 1899; the Boston & Albany on July 23, and the Boston
& Providence on Sept. 10. The new Back Bay Station was
opened for use on the same day. The use of elfctricity has
been extended from Nantasket Junction to Cohaseet, 3-4
miles, by the third-rail system, and the Providende Warren
& Bristol RR. has been prepared for operation by a substantial overhead trolley system.
The statistics of operations, earnings, etc., were:
Statistics.
—
30.
174,309,701
Total assets... 175,674,441
•
***
*P
Tota'
Lia'dlities
—
Capital sfock,
common
2,150,692
78,385
1,194,196
15,404
555,168
100,240,421
90,48^,5.3
85,368,134
54,641,400
47,633.200
47,612.200
\
11^,404
Conver ible deben. certifloates.. 16,397,200 16 397.200 16,397,200
6.43^,('00
7,70 ,0.0
Funded debt
4,5 0.005
2,00i).000
3,000,000
3,0u0
Deben tur s
5.320,000
Loans & bills and not s payable.
1.704,4S5
1,000,000
Loans, account B. & P. RR.
252,469
260,; 13
231,829
Interest accrued not due
1 ,'2»i0
1.260
1.260
Matured interest unpaid
2,068
2068
4,778
Dividends unpaid
2,338,305
1.919,715
1,.^00 837
Wages, supplies, etc
cos & lodlv. (on openaoots.)
Rentals accrued, not due
Due
R.-ntals
due July
1
2,v09,267
261,021
2,551
1,18;J,130
217,4 >1
48,445
and
loss (surplus)
Total
-V. 69, p. 644, 646.
.(8,039
200 000
Rolling stock oortitlcates
Protll
596.635
2H1,8 1
12.291,394
11,120,361
6,673.483
.100,240,421
90,4a2,523
85,368,134
October
THE CHRONICLE
7, 1899.]
743
—
Clerelai d Electric Railway.— Sir i&e Practically Ended.
Loai8 Southwestern Railway.
The
boycott against the company's cars has be«Q declared
1899
ending
June
30,
)
f Statement for year
off and the strike is said to be practically ended.— V. 69, p. 283.
The annual report, to be given later in more detail, shows:
Cleveland Lorain & Wheeling RR.— iVer« Directors.— AX
1P98 9.
1896-7.
1897-8.
1895-C.
$5,862,338 $5,279,332 $4,743,546 $4,904,4«9 the annual meeting on Oct. 4 Edwin W. Winter of St. Paul,
Gross earnings
4,132,375 Mien., and Aldea E. Lang of Toledo,
4,173,328
3, 655,888
Operating expenses 4,209,088
O., were elected to the
V. 67, p. 898.
$772,114 board of directors.
$887,658
$1,653,250 $1,106,004
Net earnings
St.
—
P.
c.
op. ex. to earns.
Other income
Total net income
Taxes
Int. on let M. bonds
Int. on 2d M. bonds
(7180)
a4,457
10,077
3,584
8,907
$891,242
121,485
800,000
$782,192
800,«'00
$1,114,911
131.007
800,000
180,000
44,536
26,613
32,944
31,490
.$1,737,708
133,495
.
Rentals, etc
sur.$579,677 Rur.$157,291
Balance
(84-26)
(81-29)
(79-05)
128, -^"2
800,000
df.$63,lS9 df.$177,850
-V. 69, p. 646.
Columbus
(0.) 'Rst\\\saij.— Consolidation— New Mortgage.
2 this company absorbed by consolidation the
Columbus Street Ry. Co., the Cros?town Street Ry. Co. and
the property of the former Columbus Central Railway.
— On
Oct.
Robert
E
Sheldon
is
President, P. V. Burrington Secretary
and E. K. Stewart General Manager of the Consolidated
company. The latter h^s made a mortgage for $7,000,000 to
the Union Savings Bank & Trust Co. of Cincinnati, as trustee,
securing 4 per cent 40-year bonds, to be applied as follows
To be held In trust to retire $3,000,000 of bonds of Columbus Street
Railway Company and $572,000 bonds of Cross Town Street Railway
Co., $3.f>72,000; to retire the same amount of un^-ecred 4 per cent
notes of the Columbus Street Railway, $300,000 in exchange for the
pnperty formerly owned by the Columbus Central, the Mluerva park
property, and $50,000 cash, $1,500,000; the balance. $1,628 OJi», to
be used h-reafter from time to time, in extensions, improvements and
:
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
Albany & Hudson (N. Y.) Railway & Power Co.— increase
—
of Stock. This company, incorporated a few months ago as a
consolidation of the street railway and electric-light properties
of Hudson. Kinderhook, etc., has increased its capital stock
from $25 ,000 to $2 500.000, par value of shares flOO. See
Street Ra-ilway Supplement, page
&
46,
and Hudson Light
;
additions.— V. 69, p. 491.
Payetteville & Albemarle Ry.— Bonds
American Promoting & Trust Co., 23 Doane
offers for sale $500,000 first mortgage ten-year
Power & RR. Co., V. 68, p. 1181.
Alexander & Rich Mountain RR.—ForectosM?-e.— Judge bonds for
iSO
0/ered.— The
Street, Boston,
6 per cent gold
miles of this line, including branches.
The
Jackson, in the United States Court at Martinsbnrg, W. Va., road is projected from Southern Pines, N. C, east about 30
on Sept. 23, entered a decree for the foreclosove sale of this miles, to Fayetteville, etc.
road, which extends from Alexander Junction to Rich
Central Ohio RR.— Sandusky Mansfield & Newark RK.—
Mountain, W. Va., 23 miles, and is operated in connection Columbns & Cincinnali Midland RR.— Pittsburg Junction
with the Alexander Lumber Co.
RR.— /reteresf Pt/?/TOenf.— Pending the delivery of the new
American Railways Co.— New Stock and New Acquisitions. Pittsburg Junction & Middle Division 3J^ per cent gold
The directors have voted to increase the outstanding capi- bonds of the Baltimore & Ohio RR., the reorganization
tal stock from $12,500,000 to $25,000,000, this being the total managers have arranged to advance the cash sums due to
—
authorized issue. The additional stock, like that already holders of the certificates for deposited securities of the
outetanding, is issued $5 paid, and stockholders of Oct. 12 can above-named companies, together with the interest upon the
subscribe to the extent of their present holdings at $5 per new bonds to Nov. 1. The cash payments and interest will
share. A director is quoted as saying
be distributed on and after Oct. 9 at the Mercantile Trust
"The additional issue is to complete the payments on properties ac- Co. See advertisement.
quired, viz.: The Bridgeton, N. J., eleotnc-llght and trolley compaNew Sectirities —Holders of Mercantile Trust Company cernies; the People's Sti-'-et Ry., of Dayton, Ohio, and the Springfield,
Ohio, trolley and electric light companies; also a $^00,000 interest tificates of deposit for the following stocks can obtain the
(par value) in the Chicago Union Traction Co. The Bridgeton and cash payments and new securities to which they are entitled
Springfield companies were purchased ouTight, bonds and all, and in at the Mercantile Trust Co. on and after Oct. 9, viz,
Centhe case of the Dayton company the stock was bought. These proper- tral Ohio RR.
common and preferred stock, Sanduskv Mansties are earning 8 per cent on the purchase price."
The Richmond properties have not yet been acquired.— V. field & Newark RR. stock. Columbus & Cincinnati Midland
RR. preferred stock, Pittsburg Junction RR. common stock.
69, p. 439.
See advertisement on another page of to-day's Chronicle.
Chattanooga Augusta & Charleston Air Line RR.— Sea- V.
69, p. 129; V. 67, p. 1107; V. 68, p. 129; V. 67, p. 1158.
board Air Line System.— Pari of New System. A charter
the
Chattanooga
AuCarolina
to
Harrisburg Traction Co.— Neiv President.— Eiwari
has been granted in South
gusta & Charleston Air Line RR. Co. in the interest of the Bailey, President of the Harrisburg National Bank and the
new Seaboard Air Line System. The South Carolina charter Harrisburg Trust Co., on Oct. 1, succeeded E. C. Felton, recovers the line from Charleston to Augusta, 150 miles, via signed. A dividend of 1 per cent was paid Oct. 2. For some
Coleton and Barnwell Counties, and the Georgia charter per- time the company has been paying 2}>{ per cent s^mi annualmits the extension of the line, if desired, from Augusta to ly, February and August, i. e., 5 percent per annum. The
dividend just paid, we are informed, anticipates 1 per cent
Chattanooga, 210 miles.—V. 69, p. 542.
Chesterfield & Kershaw RR.— Seaboard & Roanoke RR of the 2}4 ptr cent, which otherwise would probably be paid
Seaboard Rai way- New Mortgag".— The stockholders in February, 1900, It is understood to be the intention hereof the Chesterfield & Kershaw RR. Co., on Sept. 26, author- after to pay dividend.^ of 114 P^r cent in January and July,
ized the making of a mortgage for $500,000 to the Richmond and 1 per cent in April and September. V. 63, p. 227.
Safe Deposit Co., as trustee. The proceeds of the
Trust
Indianapolis Street Railway.— Listed in Phila^lelphia.
bonds and $1,000,000 stock will be used for the completion of The Philadelphia Stock Exchange has listed the cotopany-s
the link from Cheraw to Camden, to be completed Jan. 1, $5,000,000 common stock, par $100, full paid.— V. 69, p. 180.
1909, as part of the new Seaboard Railway system.— V. 69, p.
Kansas City Pittsburg & Gulf Ry. Receivers Must Main542.
tain Reasonable Rates.— Judge Thayer of the Federal Court,
Chicago Rock Island & Pacific Hj.— Payment of Maturing
Bonds The principal of the $5,000.* 00 Chicago & Southwest- at St. Louis, on Sept. 28, in the case of this road, held
that a road in receiver's hands should not handle traffic
ern first mortgage 7s. due Nov. 1, 1^99, will be paid on eaid date
except
at rates that are reasonably remunerative, and that
at the office of the Central Trust Co. of New York, 54 Wall
unremunerative rates, even though they do not entail actual
Street. The interest thereon will be paid at the office of the
loss, should not be put in force by receivers merely for the
railway company, 13 William st.. New York. The payment
purpose of forcing concessions of other carriers, unless the
of the 7 per cent bonds will leave the $12,500,000 first mort
concession is one of paramount and manifest importance. He
gage 6s of 1877, due July 1, 1917, the only liens ahead of the
therefore ordered the receivers to restore rates. The main
general mortgage of 1898.—V. 69, p. 694.
question ia the case concerning the right of the receivers to
Cincinnati Lawrenceburg & Aurora Electric Street RR. aa injunction to stop the boycotting of the road by connectMortgage.— A mortgage has been made to the Union Sav- ing lines, he reserved for further consideration. See editorial
Trust Co.. of Cincinnati, as trustee, to secure a pages.
ings Bank
bond issue for $750,000 on the road to extend from DearListed in Philadelphia. There have been listed in PhilaThe bonds are 5 per delphia $422,000 additional first 5 per cent gold bonds, makborn Ci unty, Indiana, to Cincinnati.
cents, $1,000 each, dated July, 1899, and pavable July, 1919.
ing the total listed $23,000,000.— V. 69, p. 645.
Cincinnati New Orleans & Texas Pacific Railway.— Oui
Eickapoo Valley & Northern RR.— SoZi.— At the foreof Receiver's Hands. At midnight Sept. 30, under order of closure sale in Madison, Wis., on Oct. 2, the properly was
Judge Taft, the property was taken out of the hands of S, M. bid jn for $5- 0,000 by A. J. Upham, representing the security
Felton as receiver and restored to the company, of which holders. The mortgage foreclosed was for $600,000, Central
Mr. Felton is Prtsldent. Charles W. Baker, representing the Trust Co., Trustee.- V. 69, p. 440.
minority stockholders, objected to the order, on the ground
Lexington (Kr.) Railway.— Bo?ids O^cred. —Middendorf,
that after applying cash in hand, he understood $150,000 inCo. ot Baltimore offer for sale at 100 and interest,
debtedness would remain. Judge Taft overruled ttie objec- Oliver
hy
advertisement
on another ,pA^e of to-day's Chronicle,
tion, the order, he said, providiag that the company shall assume all debts and the receiver shall make his final report by $737 000 of the company's first mortgage 5 per cent 50 year
Continental
Dec. 1. The consent of J. P. Morgan & Co. and other of the gold bonds, dated June 1, 1899, due June 1, 1949,
Trust Co. of Baltimore, Md., trustee. The Lexington Railchief creditors was fiU d to the raising of the receivership.
railway system of the
Joint Cont'ol. Respecting control. President Samuel way Co. is a consolidation of the street
of two modern ice comand
city,
the
electric-light
company
Spencer, of the Southern Railway, says
"There have been
no recent changes except that the receivership has been panies. The new management assumed charge the latter
lifted.
The conapany is not controlled by the Southern. It part of May.— V. 69, p. 229, 283.
Long Island Electric Ry.— National Express Co.— May
is controlled chiefly by the Cincinnati Hamilton
Da5 ton,
and interests represented by the Southern, and is being Run Express Cars— Oa Tuesday Justice Hatch, in the Appellate Division of the Supreme Court, Brooklyn, handed
operated under their joint control."—V. 69, p. 695.
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THE CHKONK^LE
744
[Vol. LXIX.
down b's decision in the test case brought by Aaron A De- mon stock, $7 '0,000 5 per cent cumula'ive preferred (out of
granw of Jamaica and continued by bis widow, Mary E, S $1,000,000 authorized) and $3,227,0! thirty-year 4^ per cent
Degranw.
to stop the operating of express cars in the streets.
sole question to be considered is
The opiuion says that the
th*» surface railway companies are authorized by
the General Railroad Law to operate cars for the excluf-ive
carriage of freight and express matti-r. The lower court returned ao affirmative answer, and JasMce Hatch declares
that he has no donbt of the correctness of that position.— V.
whether
p 330.
Louisville & Nashyille B.B.— Ratified. -The stockholders
at 1 heir annual meeting, Oct. 4, ratified the various leases,
etc., proposed as stated in Chronicle of Sept. 9, page 541.
The old officers were re-elected. V. 69, p. 695.
64.
gold bonds, these last being secured by mortjiagefo'^ $4,500,000, of which $273,0(10 reserved for prior linns and $l,uOO,000
for future acquisitions.
The Ut^ited Railways has in its
treasury uniss^ued common stock to theamountof $11,000,* 00,
available, if desired, to effect the deal.
The fall amount of
the railway company's preferred stock ($14.'^0\"0i») has been
issued. The consolidation is expected to effect important
economies in the way of power house and administrative expenses.— V. 69, p. 493; V, 6'^, p. 1134.
United Truction of Pittsburg.— Philadelphia Company.
—
—Exchome
of Stock. Brown Brothers) <& Co. of Philadelphia announce that they will be prepared Oct. 9 to exchange
Minneapolis & St. Lonis RR —Election.— At the annual the common stock of the United Traction of Pirtsburg for
me^ting Oct. 4 the old directors were re elected and General common stock of the Philadelphia Company, each 100 shares
Manager L F. Day was made Vicp- President in place of of the former to receive 37 shares of the^ latter and scrip for
John E Searles of New York, Mr. Day continues General $25. S^'rip will be issued for fractional parts of a share, converti^^le into shares in amounts of $50 or multiples thereof.
Manager.— V. 69, p. 645.
Listing.
The Philadelphia Companv's $4(iO'>,<00 bonds
Northeastern RR. of Georg'a.— S le Oct. 31.— Bids for have been listed in Pniladelphia.— V.
68, p. 479; V. 69, p. 28.
this property, owned by the State of Georgia, will be reAtlanta,
Governor
Chandler
at
Ga.,
the
of
office
Wisc<»rsin Central Ry.— Milwaukee & Lake Winnebago
ceived at
until 4 p. M. Oct. 31. upon the following terms, to wit $liiO,000 RR. Calif d Bon'is— The Milwaukee & Lake Winnebago RR.
cat-h down; $100,000 Nov. 1, 1900, and the balance of the Co. }>ive8 notice that all of its Manitowoc Division first mortpurchase price Nov. 1, 1914, interest on both the deferred gage bonds ot 181 5 are called for payment on April 1, 1900, J
sums Irom Nov. 1, 1869, at the rate of BJ^ per cent per at 110 per cent and interest, at the office ot Maitland, Cop- ^
annum, to be paid semi-annually. The title to remain in pell & Co.. No. 24 Exchange Place, New York City, which
the State until all the deterred payments shall have been firm now offers to buy the above bonds on benalf of the Wisfully pair), the purchaser having the tight to pay all cash or COBS'U Central Railwav Co. at 110 and accrued int<»rest to
to make either or both the deterred payments at any semi- date of presentation.— V. 69, p. 696; V. 67, p. 1354, 1356.
j
anLual interest period. As a pre reqaisite each bidder mus't
dept ei' with bis bid a certified check on some solvent bank
in the State of Georgia for the sum of $5,000, payable to the
INDUSTRIAL. GAS AND MISCELLANEOUS,
The Act of
ord^r of
J. Speer, Treasurer of ihe State.
Alabama
Vineyard Co.—S^ocfc Offered. This company,
1897 authorizing the sale places the minimum p'ice to be
received at $287,000, but any or all bids may be rejected.— incorporated m Alabama with $1,500,000 of authorized capital si ock (of which $500,000 is 8 per cent preferred), all in
V. 67, p 179.
North westeru Elevated Railroad of Chicago.— O/fer to $10 sbare-*, is offering for sale a block of its stock at the
price ot $4 per snare for the common and $10 per
hare for
Pwehae Da lined. It is learned that the Widener-E bins the
preferred. The President of the company is Elliott Dan
syndicate, controlling the Chicago Union Traction Co., has
properties
made a cash offer of an amount said to be $ 3,( 00,000 to the forth, and its address No. 11 Broadway. The 6o,000
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t-
owned are described as cons'sting of "unward of
acres
Co., of this city, for the owner
syndicate h^-aded by Blair
of
selected
fruit growing lands in the highland section of
shtp of the Northwestern Elevated Railway and that the offer
was declined The road, it is thought, will be completed Alabama, improved and unimproved." Total assets reported
as valued at $1,467,395.
next June.— V. 68, p 127, 131
American Linseed Co.— National Linseed Oil Co. DePeople's R lilway of St. Louis.— Payment of Consols
The St. L' uis Trust Co., it is undt-rstood. is paying the hold- posim till Let. 31 Holders of National Linseed Oil stock
and of certificates of deposit issued therefor are notified that
ers ot consol. 6s of 1889, deposited, $941 -86 on each $1,000 bond
This payment is made from the proceeds of the sale of the the time for surrendering their certificjttes to the Cenproper" y (after foreclosure under the consolidated mortgage) tral Trust Co, paying the assessment of $2 50 per share
and receiving the distribution of the stock ot the American
to the Ui ited Railways Co.— V. 68, p. 773.
People's Street Railway of Dayton, 0. Sale of Control Linseed Co. has been extended fo Oct. 31, 1899.—See V. 69,
rendu g. The American Railways Co. of Philadelphia has p. 697, 592.
American Steel & Wire Co.— Troy Steel Co.— Reported
practicitlly consummated the purchase o' a comrolling interest in ihe compan>'s $1,1(0,000 stock from Jnmes Kilgour, ot Fvrchase —It is reported that the Breaker Island blast furnac< s and rolling mill property of the Troy bteel Co., which
Cinciniati. and his associates. V. 62, p. 1140.
Railways & Light Co. of America. /ncorporaifd.— This have been idle for ?ome time, have been purchased in the incompauy was incorporated at Trenton, N. J., Sf-pt. 29, with terest of the American Steel & Wire Co.— V. 69, p. 646.
capi'al stock $25,000,000 (par $50), to construct, equip, or
American WindowGlassCo.— Fj'o.«pec/MS. This company,
acquit e by lease or puicha'^e railroads operated by tteam, as aireaiy annoujced, has been incorporated under the laws
electr citj, compressed air, or other known power, alsoelec
of PennsjlvdLia for the manufacture of glass and glassware.
lucorporatoifc: Richard The capital stock is 40,000 saares 7 per cent cumulative pretrie lij.;ht gap, heat and ice plants.
Danatl^-, Clifford W. Perkins and William H. Brearley, all ferred stock. $t,00U,('00, and 130,000 shares coaimon stock,
of Jeis-y City.
0,1'tt
The prospectus,
total capitalization, $17,000,000.
$13
SaiKtiisky Uilnu & Nor walk Electric Ry. People's Elee- dated Srpt. 16, 1899, says:
Consolidation MortPiaJi^.s-.— The company will own window plaes plants located in the
tric Ry. of Sandusky.— Purc/ias'
Iu(liau,>. Among
gage.— iS. M. Bullock of New Yuik is reported to have States ot New Yoih, New Jersey, Pennsylvaiiia and
tiie pi •ut'' tuuH acquired by tlie company are the woi bs ot the Ohamconsolidated
these properties. The successor liers MoKee Glass Co. at Jeannette, Pa.; of 'he Chambers Glass Co. at
purchased and
Norwaik Traction Co has Arnold, Pa.; of the R. C. schmertz ijlass Co. at BeilevernoD, Pa of
con pauy, the Sandusky Milan
to the S a'e Trust Company ot the Tioiiia.- Wijjhtmau Glass Co. at Mouougahela City, Pa the Lawexe(Ut*^f| a mortgage
rence G asi- Co. and the Shenango Glass Co. »t New Castle, Pa.; the
New y. rk as trustees, to secure S400 000 of 5 per cent Cohanse.v
Glass M'g. Co. Brid^eton, N. J.; iheB. N. Mci oy Glass Co.
thirty year toOO gold bonds. Frank Warren is President, at Kane, Pa.; Bradford Glass Co. and Hazlehursi Glass Co., Hazlehurst, Pa.; Coudersport Glass Co. at Coude sport, Ph.; Hanford City
and T. Pitt Cook, Secretary, of the Traction Company.
Glass Ci>. at Hartfoia City, Ind.; works ot Ma'ing, Hart & Co and C.
Foricl-fure
Sale
At Sioux H Over, at Muucie, ludiaua; the Uefauw Gl-ss Co. at Alexandria,
Sionx C'ty & Northern Rj.
Cit> O. t. 3, Jadge Shiras, of the Federal Court, made an Iiidliina: the worhs of Stewart-Estep (ilas< Co. atMa'iou, Imliana; the
American Glass Co. at Ga>- City, mdiana; the Ander-i»u Glass Co. and
order for the foreclosure sale of the propeity. V. 68, p. 86.
Glass
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Texas & Facitlc IRB..— Called
five ($M)5 000) Eastern Division
Maj
15
1875,
Bonds.— One hundred and
first mortgage bonds, dateii
have been drawn.for the sinking fund, and will
be paid at i.ar on presentation at the Mercantile Trust Co.,
No. <:0 Broadway, New York City, interest ceasing March
The first call in many years under this mortgai<e
1, ]90<».
took place last yea", when $438,0.i0 bonds were drawn for
redemption May 1, 1899, reducing the outstanding amount
(the oul\ lien ahead of the 5s of 1888) to !t3,346,000. This is
now to iie reduced to $3,241,(00.— V. 69, p. 133.
Third Avenue RR. of New ^orli.-Ehctric Cars on 125th
Street.- Eighteen electric cars, operated by the underground
trolley system, were put in operation on Sept. 29 on the
125th Street cross-town line.— V. 6t*, p (i96.
TJinted Railways & Electric Co. of Baltimore.— United
ArElectric Light & Power Co. Consilinatum FendiUiJ
rangements are being made for the merger <f the Uiiited
Electiic Light & Power Co. into the United Railways & Electric Co.. both companies being held in the same interest.
The Ui ited Electric Light & Power Co. was formed last
spring (i'ee V. 6H, p. 929. 1 134) by consolidation of all the electric-light companies of Baltimore and issued $2.0U0,000 com-
—
Co.
the Vlci or Glass Co. at Anderson. Indian^; tne Enterprise
at Dunkirk, Indiana; ihe Clyde Glass Co. at rr..u61ni, Indiana; the
Bell Glass Co. "t Fairmout, Indiana.
The owieis of the plants purchased take about FO per cent of the
purchase price ot their" plants in common stuck of the company, and
the remaiurter of the jiurchase price it cash.
re as follows:
trojils. —The uet urotlts of the plants purchased
Year l'^96. $704 0«h; i89T. $1,211,134; IttiiS. «^,483,a44; 18'j9.
p rtly estiu.ated, will exceed $2, 00,000. Theadvauiages of consolidation aie shown by ihe increase of profits 111 lb98 ana 1899. While
the small pi out shown for 1896 is partly due to th- operation of a
limited uuuber ot pots, it is largely due to exces.-<ive couipeiition. In
lb97 the American Glass Co. (a selling ageucj ) was tormed, and its
beneJielal etf cts were at, noe shown. It is reasonable to inter that
fuitlier economies in production will arise from ton>oli<iatiun whicli
will still luitlier increase the profits.
The company ha« ai ranged to acquire the matetialson hind and the
stock oi glass now owned by the American Glass Ci>., thus enabling it
to conllnuei an ostablirhed lusiuess. As will be seen, the total charge
No
is thr dividend on the preferred stock of $28O.m)0. aunuallj
mortj^agei or other lien can be placid upon the property without the
consent of 75 per cout in value ot the preferred stock.
<
.
For the purp se ot providing funds tor the payment of the
cash purchase money and working capital fur the comp my,
the preferred stock was offered for sale at par and accrued
interet-t from Sept, 1, each subs.;riber receiviug an amount
of common stock qual at par to oae-tbird of the preferred
Subscriptions were received
stock, at par, allotted to him.
.
OCTOBEK
THE CHRONIDLR
7, 1899.]
Harrisbarg Light Heat
Power Co.— Possession
company was to take formal possession on Mond>»y
by the FHrmera' Deposit National Baok, Pittsburg, Pa., 20
per cent being payable on or before Sept. 25, 1899. V. 69, p.
<te
—
646.
&
Birdsboro Iron
Steel
Co.— Incorporated.— Stock Sub-
scrt&ecJ.— This company was incorporated during September
Q- Brooke Iron Co. at
to take over the works of the E.
Birdsboro, Pa. The capital stock is $3,000,000 in |5 shares;
The former owners
all, it is stated, over-subscribed at par.
retain a one-fit th interest. Of the proceeds of the issue, |1, 150
000, it is staled, will be used as working capital and for the
development and improvement of the plants. The property
ia desciibed by the prospectus as including:
Two blapt furaaces in successful operation, makinsr about 175 ton^
of piRiron ptrday, and having a siifflclent supply of ore bought to
run them \^ell into the spring of 1900. Connected with OTie of ihese Is
a Bessemer s'eel plant, with all machinery for making from 75 to 100
tons of neel p>r d»y, a rolling mill to produce from 75 to 80 tons of
puddVd I>ar8 per f'ay; also a plate mill for rolling from '5 to 100 tons
per day of nail plate and skelp, a nail factory, muking ,200 ketrs
of cut nail" per da> the diamond drill and machine works, for the
manufacture of all kinds of castings and machinery, diamond drills,
Royal roch crufihers and Jackson belt-lacers.
The cfficers are: Robert E. Brooke, President; Col. A.
&
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;
London Snowden, Vice-President. The organizers estimate
a net profit on the basis of actual operation at to-day's prices
in excess ot $657,400 per annum.
BirminghHin (Ala.) Water-Works Co.— Nfw Mortgage.—
The compauy has made a mortgage to tbe Farmers' Loan &
Trust C)., as trustee, to secare $3,500,000 of lO-yeir 5 per
cent bonds. The property was recently acqatred by the
American Water-works & Guarantee Co. of Pittsburg.— V.
68, p. 9i5.
Cambria Steel Co.—New Plant.— The instalment of $1 50
per share, calUd for payment Dec, 1, as stated last week,
it is said will cover the cost of the new steel plant under
construction at Johnstown, Pa. There are outstanding 32 »,00!) shares of $50 each ($!6,0( 0,000 in all), which, after Dcc. 1,
will be *3 paid.— V. 69, p. 697.
Carnegie Steel Co.
Status of
Re >rganizjtion
745
—la reply
to a letter of inquiry, we are officially iatormed that the "reorganlz tion is still pending, has not been a landoaed, and
will likely be effected about the let of January next."
New bla^t Furnaces.— press dispatch from Pittsburg
says the compduy is about to construct at Rankin two bla'^t
furnaces having a daily capacity of 700 toLS per stack.— V.
A
69, p. 592.
of the
plant of the Harrisbnrg Electric Co.- V. 69, p. 229, 130
Harrista Brothers' Co. Listei ia Philadelphia,— The
Philadelphia Stock Exchange has listed the company's
$l.30ft 000 first mortgage gold 5s and $1,000, 000 common and
|;1.5(i0,ti(i0 preferred stock, par $100. fall paid.
Thp public
oflferirg took place last April.
See V. P8. p. 723. The companv this week declared the quarterly 1^ per cent on the
preferred stock and a special dividend ol $3 per share on the
common
stock, payable Nov.
1.— V.
69, p. 130.
Hening-Hall-Marvin Co.— Hearing
before Judge Kiikpatrick referred to
Oct. 5.— The hearing
last week will occur
Oct. 9 n the Federal Building at Trenton, N. J. The Bannard reorganization committee in its letter to the receivers
states that it represents H5 per cent in amount of the comoan\'s creditors, $1,510,270 of the $1,800,000 preferred and
$l,o'75.?30 of the $1..500,0)1) common stock.
The plan of reorganization was in V. 68, p. 232.— V. 69, p. 697.
Home Brewing Co. of Newark.— .If'^rfgrrTg^— The company
has made a mortgage to the Fidelity Trust Co. of Newark to
secure an issue of §250,000 of 6 p. c. gold bonds of $1,000 each.
Manhattan Oil Co.— People's Gas Light & Coke Co. of
Chicago— SI aiidard Oil Co.— Sa/e. — The reoon is generally
credited that the Manhattan Oil Co., of Li'oa, Ohio, has
pjssed under the control of the Standard Oil Co. The Manhattan has "Utstanding $2,000,000 capital stock, on which, it
is said, 12 per cent has lone been earned, in shares of $100;
a's^at laar accouot^ §800,000 of 8 per cent debentures(interest
Q J ) due Jan. 1, 1907, but subject to call any tim^ at par.
It wxs cnrrently reported about a year ago that the People's
Gas Lii^ht & Coke Co. had arranged to bay the Manhittan
Oil Co., from which it has long secared its chief supply of
oil.
We are informed, however, that up to the present time
the Manhat-tan Oil has been an independent property. V. 67,
p. 690; V. 69. p. 5H. 28.
Moiiongahela River Consolidated Coal & Coke C'>.—
"Ever" I 'onsoHo ation Begins Opemtions, The company
began operations on O.-t. a. Col Fiaiev will be President
and George I. Whitney Treasurer. Practically all the properties described in the Chronicle of Aug. 12, pase 336, it is
understood, are owned by the new company. V. 69, p. 647.
—
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New Amsterdam Gits Co.— Mandamus D n^'ed. —Justice
McAdam, in Supreme Conrt, Special Term, on Monday, denied the application of J. Fred. Pierson for a
—
—This
Oar InContinental Tobacco Co. — Official Statement.
vestors" Supplement has been favored with the following
mandamus
to
compel the corporation to permit him to examine its books.
Justice McAdam holds that the mere fact that a gas companyformed by consolidation has not declared a dividend in
official s'atfmtnt, which proves the troth ot the reported acfift en months of existence, and that it has reduced the
quisition of the Buchanan & Lyall Co.:
Continen al Tobacco Co., incorporated Dec. 9, 1S98, under the laws price of gas to meet competition, is not alone suflScient ground
Acquired by purchase the entire ttusiness and assets for compelling it to submit its books to the examination of
of New Jtresev
of the J. P. ^OTS Co., Middletown, Ohio; Daniel Scotten Co., Detroit. a single stockholder, who owns but a small fraction of 1 per
Mich.; J' hn Finzer & Bros, (incorporated), Louisville, Ky.; P. H.
Mayo & Bio. nnci'rporated), Richmond, Va.; J. Wright Co., Richmond, cent of its stock. -V. 69, p. 494.
New Vork Stock Ex<'liange.— iVew Secretary.— WiWiaim
Va Wiiuht B os. Tobacco Co., St. LjuIs. Mo.; brown Tobacco o.,
Uiummond Tobacco Co.. St. Louis, Mo.; Liggett & My- Mcniurf-, Cnairman of the New York Stock Exchange, was
St. Loui^-, Mo
ers Tobacco Co., St. Louis, Mo.; Buchanan & Lyall, Bronhlyn, N. Y
on Tu* sd ay elected Secretarv to fill the unexpired term of
and purchai-eii the plug-chewing-tobacco busmess of the American Tobacco Co. and the common stock of $3,000,000 of P. LoriUard Co.. Jer- George W. Elv, wh^ retires Oct. 14 to become President of
<
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;
;
sey Ci y.N. J. Original capital, $7o.(i00.000, divided equally into 7
per cent non-cumulative preferred stock and ommou st>>ck. April 21,
1899. the capital stock was increase 1 to $100,0(0,00 by the addition
of $12,5110, oou preferred stock and $12,.oO .O'xicommo. stock. There
is outstanding ai presenr $48,844.t)00 (par value) <>f pr»-f.-rred stock,
and $48 846,100 (par value) of common stock. Officers: James B.
Duke, Prt Mdeni Charles E. H^lliwell, First Vice-President; Frank H.
Ray, *<econd Vic -President; Oren Sootren. Third Vice-Hresideut; H.
D. Kingsbury Treasurer; C. C. Dula. S cretary. <m Aug. 31, 1899.
declared »«iivinend of 1% per cent on the prefer fed stuck, payable Oct.
2d. Fis. al ^ ear ends Nov. 30, 1899. New York office, 1 1 1 Fifth Ave.
i
;
—V. G9, p. 494.
Cnniberland Telephone & Telegraph Co.— Ohio Valiey
Teleplione Co.—Mtryer. The Ohio Valley Telephone Co
whote lines cover Louisville and contiMUOus territory for a
radius ot 75 njiles, on Oct. 2 was merged in the Cumberland
TelephoLe & Telegraph Co. By this acquisition the latter
controls the Bell lines from the Ohir> Rlv^r to the Golf of
Mexico along the Mississippi Valley.— V. 6«, p. 1132.
—
,
—
—
Purchase.
Through the
Distilling Co. of America.
Standdrd Distilling & Distriouting Co. control, it is under
stood, h«s been acquired of the Great Eastern distillery at
Peoria, whioh threatened to become a formidaole com
petitor.— V. 69,
p. 592.
—A
coujprcmise has been reached in the matter of the inthe British Government to be paj'able
by the Euj^lish brewing companies owning property iu this
city. (V 68, p. 475). It has been decided that the tax shall be
payable on the net income of the compai ies after the payment of interest. About two-thirds of the stock of these
companies is owned in England, and on those holdings the
tax is to be deducted from the amount of the dividend,
whereas the company itself pays the tax on that portion ot
the stock which is held in the United States. It will be seen
that the burden is thus made a very light one.-^-^'Chicago
Economist."
come tax claimed by
Federal Steel Co.— Pig Iron,—President Gary rays:
We have just bought 80,000 tons of pig iron at .*22 r>0 per ton, where
ayearaeowe paia only $9 50 per ton. We make a couple of mUliou
by
tons a year of Ig iron, and do not usually
any. but we have had to
lay in this extra supply to keepuptothe times. Someofour products
are sold up to May 1 nest and we are 8imi)ly rushed to death with
orders. Wh are selling rails for next year's delivery at $33 per ton.—
V.60,p,647.
.
—
—
•
(
&
'
.
English Income Tax— Chicago Brewertes.— Cow promise.
)
the Bankers' Trust Co.— V. 66, p. 955.
O^deii Gas Co. of Chicago. Large Playit.— The company
is reported to have let a contract for a ^as-holder equal in
size to that to be erected by the People's Gis Light & Coke
Co. at Hawthorne Ave. and Marcy St. See V, 68, p. 474.—
V. 69. p, 131.
Peiiiisylvaaia Match Co.— New PI int.— This company,
capitatiz-'d at $300,000, is to estanlish a plant at Bellefonte,
Pa to produce daily, it is said, 400 gross boxes, each conainine 200 matches.
Philadelphia Electric Co.— Penn. Manufactu'^iiig Light
& Power o. — Nutional Electric Co. Cor,solitution.
The Philadelphia Electric Co., with an authorized capital of
$25 00.0 0. tiled articles ot incorporation at Trenton, N. J.,
y<-sterday. Th^ comoanv, it is nnderstoid, will absorb the
Pennsylvania Heat Light
Power Co. and the National
EN ctric Co. - V. 69, p. 442.
Pressed Steel Car Co.— Extension.— The company's plant
at Joliet, 111., is being enlarged to about three times its
prescLt capacity that is to a capicitv of 3 pressed steel cars
a da>
The total investment will aggregate $-500,000. With
the Joliet plant complete the capacity of the various works
of the company will be something in excess of 13'> pressed
steel cars a day.
The new plant at McK^e's Rr> ks, Pittsbnrg. which doubled the capacity of the Pittsturg plants,
called for an investment of over $1,000,000.
This plant was
put in operation in Jalv, and has a daily capacity of 50
pressed steel cars. The Joliet plant is designed to take care
of a share of the Western demand.
As to the company's
order?, etc., see V. 69, p. 442.
Ttie capacity as above ('30
cars) is for cars of ordinary size; of the largest size only 103
could be produced daily. V 69, p. 593.
Pallman's Palace Car Co.— lalk of Extra Dividend. The
remnrkable advance in the price of the company's srock is
attributed to the reported progress made with the disposal
of the company's outside assets, as required by the court, and
the prospects of extra dividends from the proceeds. V. 68,
p 188.
Red land's Water Co. New Bonds. The stockholders will
vote Nov. 18 on a nroposition to issue $100,000 in bonds for
additions. C. F. Bailey is Sec-etarv.
C^Forotlier Inreettneut News see Page«]and 757, 75f,
—
—
—
—
THE CHROJSICLE.
746
je|^0rt$
and ^ocmntnts.
& NASHVILLE RAILROAD
LOUISVILLE
To
1899.
30.
the Stockholders of the Louisville d- Nashville
Brought forward
Deduct Bonds Redeemed and Canceled—
General Mortgage Bonds, canceled for the Sinking Fund
$260,000
Cecilia Branch Bonds, canceled for The Sinkl gFund..
55,000
Evansvllle Henderson & Nashville Div. Bonds, canceled
for the Sinking Fund
38,000
Pen8acola& Atlantic RR. First
Mortgage Bonds, canceled
for the Sinking Fund
44,000
Louisville Cincinnati & Lexington Railwa> First Mortgaae Bonds, Seven per cent,
redeemed
1,000
Consolidated Mortgage Bonds,
Seven per cent, redeemed..
59,000
.
CO.
FORTY-EIGHTH ANNUAL REPORT— FOR THE FISCAL
YEAR ENDED JUNE
[Vol. LXIX.
Railroad
Company
The Board of Directors of the Louisville & Nashville Railroad C mpany respectfully submit their report for the fiscal
year ended June BO. 1899. as follows
%trr,rso,663
.
Total Bonds redeemed and
canceled
:
457,000
LENGTH OF ROAD.
The length of roads operated by this Company, and of
those in which it is interested, at the close of the fiscal year
ended June 30. 1899, is as follows
Bonded debt June 30,1899
$110,693,660
Showing an Increase over last year of
$304,000
:
Length in Miles.
I.— Owned Absolutely or Through the Owner2,638"53
ship OF THE l<NTIRE CAI'ITaL S ock
II.— Lines Over Which This Company Runs Its
Trains, the Earnings of Which Accrue to
This Company.
7'91
Birminghain Mineral RR.—Blocton to Bloct'n Junction
Gurnee Junction to Blocton 14"41
22-32
III.— Operated Underlease, Earnings in Excess
i
of Fixed Charges Accruing to This Company.
Nashville & Decatur Railroad— Naslivill'* to Decatur.. 119'24
lylO
Shelby Railroad-Anchorage to Shelbyville
IT.— Operated for Account of the South
North Alabama Railroad Company.
South & North Alabama Railroad— New Decatur
Montgomery
Wetumpka Branch—Elmore to Wetumpka
138-34
&
30 90
10 50
10 92
VI.— Lines
79,000
404,000
$761,000
Bonds redeemed and canceled during the
year.
457,000
Increase in Bonded Debt.
$304,000
percent
Pensacola
percent
Pensacola
935*12
82-13
1,052-Cl
020-01
607,000
$18,000,000
Deposited with Farmers' Loan A Trust
lateral for Georgia Railroad Lease-
254*20
Company
as col-
&
Louisville & Nashville, Pensacola
Selma
Div., First Mortgage Bonds, Six per cent.
850,000
25,335,000
46-00
Leaving the Outstanding Bonded Debt
JuneaO, 1899
The OutPtduding Bonded Debt June 30,
20-70
Total Mileage
$85,358,660
1898, was
3*62
324*52
85,771,660
Decrease in Outstanding Bonded Debt
$413,000
.
5,037-65
The earnings and expenses in this report are based on an
average of 2,988-16 miles, as shown in Table No. VII. Attention is called to the tables submitted herewith for details of the year's business:
I. Income Account, Fixed Charges, etc.
GENERAL RESULTS.
The general
VI, Securities Owned by the Company.
VII. Gross Earnings, Operating Expenses,
and Net, by months.
VIII. Gross Earnings, Operating Expenses, and Net, summarized.
Traffic,
The additional increase of
November 8, 1893, has not
30, 1899,
33*79 per
$8,027,898 01
Add— Income from Rents,
Branch
as follows
$60,' 00 oo
12,0:s9 70
Paducah
183.123 95
& Memphis
Div...
Louis Property
:
9,67362
Income from Investments, as follows
Nashville Chattanooga & St.
Louis Railway Stock, 1%
dividend
$55,015 00
Nashville <fe Decatur Rail59.051 25
road Stoclr
2.=>,050 00
Henderson Bridge Co. Stock
68,633 93
Sundry Bonds and Stocks
:
.
The Bonded Debt as per Table No. V, last
year's report, was
$110,389,660
Bonds Issued—
Unifled Plfty-vear Four per
$484,000
cent Gold B mds
Paducah & Memphi.s Division
Fifty-year Four per cent
277,000
Gold First Mortgage Bonds.
Total bonds issued.
$23,759,485 69
15,731,587 68
Clarksville& Princeton Div.
Cecilia
:
$264,83 7 27
There has been no change in the Capital Stock this year:
the amount is $55,000,000. Included in this amount is
BONDED DEBT JUNE
from operation for the year were
cent
St.
CAPITAL STOCK.
$2,2»0,000 held in the treasury.
$5,000,000, which was authorized
been issued.
Net Earnings from
To which
Del>t, in Detail.
results
Gross Earnings
Operating Expenses, 66*21 per cent
II Profit and Loss Account.
in. Balance sheet, condensed from General Balance Sheet.
IV. Genenl Balance Siieet.
Bonded
3,137,000
$6,485,000
(leased to Nashville,
Louis Railway)
Cecilia Branch— Louisville to Cecilia Junction (leased
to Chesapeahe Ohio & Southwestern Railroad Company at $60,000 per annum)
ClarksvlUe & Princeton Branch- from Gracey to
Princeton (leased to Ohio Valley Railroad Company
at ip 12,039 70 per annum)
New and Old Decatur Belt <k Terminal Company (from
which no earnings accrue)
V.
843,000
icith
VIIL—Lines Owned hut Not Operated By This
St.
398,000
United States Trust Company as collateral
for Five-twenty Collateral Trust Gold Bonds —
Unifled Fifty-year Four per
cent Gold Bonds.
$14,000,000
Paducah & Memphis Division
Fifty-year Four per cent
Gold First Mortgage Bonds. 4,000,000
Deposited
lOOG
VII.— Lines tn Which This Company^ Is Interested
AS Lessee:
Georgia Railroadand Dependencies
&
$1,500,000
& Selma Division Bonds, Six
& Atlan-ic Railroad Company
.
Henderson Bridge and Connecting Track
ChattHuooga
277,000
Bonds Six per cent
Flfty-jear Four per cent Gold
Bonds
Paducah & Memphis Division Fifty-year
Four per cent Gold First Mortgage
Bonds
11*78
West Point Branch— Iron City to Pinkney
Napier Branch— Summertowu to Napier
10 92
Sheffield & Tuscumbia RR.— Sheffield to Tus2'63 10746
cumbia (leased from L. & N. RR. Co.)
Company.
Padacah &. Memphis Division
J484,000
Paducah & Memphis Division Fifty-year
Four per cent Gold First Mortgage Bonds.
Unifled
& Sheffield Railway-
Sheffieild
$1,000
The Bonded Indebtedness June 30, 1899, as
shown above, is
$110,693,660
From which Deduct the following Bonds in the treasury
Lebanon & Knoxvllle Branch Bonds, Six
52*32
Columbia to
Bonn 8, redeemed
For Consolidated Mortgage
Bonds. Seven per cent, redeemed
For Bonds redeemed for Sinking Funds
2,98816
Southern Division Cumberland & Ohio RailroadCumberland & Ohio Junction to Greensburg
Glagow Railroad— Glasgow Junction to Glasgow
Elkton & Guthrie Railroad— Elkton Junction to Elkton
:
From which Deduct—
v.— Operated Under Lease for Account of the
Following Companies:
Nashville Florence
accounted for as follows
Total
182-67
6"30
& Nashville System.
in Which This Company Is Interested AS Owner of a Majority of
THE Capital Stock in the Company
That Operates the Ro^d.
Nashville Chattanooga & St. Louis Railway
is
Unifled Fifty-year Fotir per cent Gold Bonds, issued for
the following purposes
For Louisville Cincinnati <fc
Lexington First Mortgage
to
188'97
Total Louisville
The increase
761,000
Interest
.
from y arious Sources
207,750 18
68,057 74
540,645 19
Total Income
From, which Deduct— Chargen against Income
Interest on Bonded Debt... $4,8 14, 31<» 64
Rent
157,382 f 8
Taxes
735,329 50
$8,568,543 20
:
$5,707,031 72
$111,150,660
Loss on Georgia Railroad
. .
$12,687 16
I
October
THE CHRONICLE.
7, 1899.]
COST OF ROAD
9S,jbS,s43 2o
^S.yoj.ojn^
^13,68716
Brought forward
AND EQUIPMENT.
The cost of road to June 30, 1898. was
To which add the foll^iwiog
Southeast <t St. Louis Railway—
Disc ount o n
Bonda received
for Sinking
$110,797,006 31
:
New
Freight Depot. Transfer Platforni.
racks, etc.. at East St Louis.
Cumt)trta7id Tallei/ Branch
Fundpayin't8.. $3,780 00
—
I
Sinking Fund
payments for
$5,723 47
Ill
Cost of Lining Cumberland Gap Tunnel.
no bonds
Shtlby
are
received,
Poducuh
ForBallast
charged to this
.
26,073 02
vt-of—
-wliich
<£
3,50722
Memphis Division —
Cost of Improvements and Betterments.. 313,194 48 $348,498 19
account and
credited to
and Loss
123,400 00
Account
Peasacola
Protlt
Discount
<£
—
Cbedits.
Selma Railroad
*45 OO
Sales of land
127,180 00
Unfunded
747
Middlesborough Railroad—
(this
Old material from bridge
across Yellow Creek
Canal and Cumberland
Ave., Middlesborough,
year's pro-rata of discount
48,578 97
on bonds sold)
South & North Alabama RR.
sold to Alabama &
$2,614 50
Florida Ra Iroad
9 00
Terra-cotta pipe sold
Old material irona Mid6 20
dlesborough depot sold
Co., surplus earnings for
year includec^ in gross
.
46,164 87
earnings
234,611 00
t;2,e29
70
Deduct—
Total Fixed Charges and other Deduc-
5,941,642 72
tions
Amount paid for putting
coke racks on flat cars,
Labor, taning up rails
.
$2,626,900 48
Net Income for the year
Less—
Cash Dividend, H«%. payable [February
10, 1899
Cash Dividend, 113%, payable August 10,
1899
Extra Cash Dividend, ^2%, payable
August 10, 1899
.
Slt-o 41
36 60
532 01
3,097 69
Henderson Belt Railroad —
Amount collected in case of L. & N. RR.
vs. W. W. Shelby's assignee on accovmt
of amounts paid by L. & N.RK. for right
of way etc., in excess of the amount
$792,00000
792,00000
1,02920
guaranteed by Shelby
3,171 89
264,000 00
345,326 30
1,848,000 00
payment of dividends.
The Average Length of Roads Operated was 2,9S8'16
$778,900 48
Surplus, after
Gross Farnings per mile of road
Operating Expenses per mile of road
Miles.
18" 8-99.
1897-98.
$7,95121
$7,36166
5,264 64
4,99i 88
$2,686 57
$2,367 78
Total cost to June 30, 1899, as per Table
No. IV
$111,142,332 61
BAILS.
At the close of the fiscal year ended June
were in the track
of road.
GROWTH OF
The growth
Miles
Opci 'td
Gross
Eaminos.
$
$
1889-90.
1890-91.
1^91-92.
1892-93.
2.108 1^,846/103 ll,4l!>,093 7,426,911
2.2.50 19.<!v0,72^ 12.0.=>8.444 7,162,284
2,857 21,23.1.-21 3,792,13^ 7,443,599
v.«42 z 2.4 03 639 14 ,3»-.i,612 8,020.9H6
1893-
2.i'5.i
^.66:^,78t 7,110..552
18,y71.3:-t6
189i-95.
1895-96.
1896-97.
1897-96.
2,9 5 l«,27o,k-93 12,277.773 6,-98,220
2,1'H- 2", 911,711 13.605,206 6,885.505
1898
2,98; 23,759,18= 16,?3.,687 8,027,898
3,S4fl,2
2,9'i0 20,3-2.307
6,523,' 89
2,-8.^ 21.l»9'i,".i2 14,921,730 7,074.92V
1
9tf.
shown by
1
Per CT.
Offt
Expen. Earn'gs of Ex-
Operat'g
Wet
Earn'gs
Operatiiig
per
Earn'gs.
Expert.
Mile.
$
4.
is
:
Grrss
Amr.
Years.
Ironrails
2,965-84 miles
2*35 miles of iron in track on the Birmingham Mineral Railroad June 30, 1898, but only -80 miles
were reported. Correction has been made in this year's
report.
4*41 miles of old steel from main lines was used to replace
old iron on branches.
Total
TRAFFIC.
of traffic for the past ten years
the following table
there
2,904-48
61-36
steel rails
Net Earnings per mile
30, 1898,
:
per
per
pen, to
Jaile.
Mile.
Earn.
$
$
8,57S
8,541
7.430
7,615
6,418
5,1P4
5,354,825
4,88"
6,£.2l
4.15.i
2,:^67
6.877
6,834
7,;- 61
7.951
4.554
4.6 5
4,993
5.261
2,322
2,188
2,367
2,6b6
4 013
$
3,3-8
60-59
3,182
2.604
2.726
2,4(5
64-95
64-20
fl2-:4
6253
63-60
6K-23
67-96
67-81
66-21
Note— There were
There are in track, therefore, on June
Steelrails
30, 1899
2,S08-89
Iron rails
5695
:
2,965'84 miles
Total.
INTEREST CHARGES FOR 1899-1900.
The interest charges against Income Account are
mated as follows
esti-
:
Bondfd
Amount of
Indebtedness. Interest.
The
IMPROVEMENT ACCOUNT.
expenditures made during
the year for
equipment, improvements and additions to the several
properties, which heretofore were charged to Construction
Account, have been charged to Operating Expenses, and
follo^ving
are as follows:
Right of way
Real estate
$1,439
36,861
91),^ 54
6,470
Side tracks, 20 5-10 miles
Trestles
new
steel rails,
51,560 20
94,157 69
Buildings
Fencing on line of road, 209 7-10 miles
Widening banks and raising track M. & M. Division
Electrlc-lightina plant aud Are escape. Union Passenger
Station, Tenth aud Broadway, Louisville, Ky
New machinery at New DecHtur shops
Changing grade at Bridge No. 77, s. & N. A. RR
Improvements at Earllngton, Ky
Interlocking arraneemenr. Ashley, 111
Lowering grade at coal chute, Mt. Vernon,
New well, Calera, Ala
Water crane, CoUf^te
41
16
97,7.^0 18
962 88
5,995 65
Tunnels
Bridges
Filling Trestles, 1,412 lineal feet
Rails— Value <>t the difference in weight of
replacing rails of lighter weight
Ballast, 220,193 cubic yards
22
67
111
street yard, Nashville,
scales, Georgiana, Ala
5 ,64^ 0«S
39,516 33
12,485 92
64
87
25
98
52
784 15
2,995
7,028
2,707
4,584
1,323
7-655
Tenn
651 76
551 38
98 10
Track
Underpass, Greenville, Ala
City of Louisville, Lebanon Branch Extension bonds, 6%, due Oct. 15, 1893
Con. Mortg. Bon"s, 7?b, due Apr. 1, 1898 ....
General Mortgage Bonds,
$1,000
10,000
6%
$517,784 £9
Fir(*t Mortga.!e Bonds. 6%
Pensacola Div. First Mortg. Bonds, 696
Lebanon-Knoxville Branch Bonds, 6%
So'east & St. Louis Div. First Mort. B'ds, 69&
So'east & St. Louis Div Sec. Mortg. B'ds. 3%
Loulsv. & Nashv. RR. 696 Sinking Fund B'ds.
N. Orleans & Mobile Div. First Mort. B'd8,6%
N. Orleans & Mobile Div. Sec. Mort. B'ds, 6%
Louisville Cincinnati & Lexington Ry. First
Mortg. Bonds, 796, due Jan. 1, ls97.
Louisville Cincinnati & Lexington Ry. Second Mortg. Bonds, 796
Louisville Cincinnati & Lexington Ry. General Mortg. Bonds, 41.2%
Pensacola & Selma Division Bonds, C%
Pensa. & Atlantic RR. First Mort. B'ds, 696-.
Five-per-ceist Fir.^t Mortg. Trust Gold Bonds
First Mortg. 596 Fifty-year Gold Bonds
Unified Fifty-year 4% Gold Bonds
Kentucky Cent. Ry. First Mortg. 496 g. Bonds
MavBVille <fe Lexington Ry. No. Div. 7% B'ds.
Louisville Rv. Transfer Fir- 1 Mort. B'ds, 8%
St. Louis Property Twenty year 596 Gold
Nashville
&
Degatxjk Division.
Sidings—
Godwin, Tenn.— Business spur extended
Elkmont, Ala.— "Y" track
$337 85
Ballast —
Road-bed improvement
3,060 52
Builflings Toilets at stations on line of road
Improvements at Columb ia, Tenn
Ra<ls—
Value of the difference in weight of new steel
replacing rails of lighter weight
451 34
10,Sj93 14
rails laid,
5,064 40
Telegraph line. South Nashville, Tenn., to
Columbia, Tenn
$1,03617
Wire fencing for sundry persons on line of
road
1,410 64
120.424
31,090
1,995,000
118,000
34.800
90,000
210,000
90,000
1,500,01.0
3,500,000
3,000.000
1,960.000
5,000,000
1,000,000
First Mortgatie
892,000
62,440
146,610
Bonds
Nashville and Mobile & Montgomery Rv Co. 41^9^0 Gold First Mtg. Bds..
Paducah & Memphis Div. Fifty-year 49^o Gold
Nashville RR. Co
1,28.=),240
286,000
617,000
30,850
4,000,000
180,000
4,607,000
184,280
12,500,000
500,000
$110,693,660 $3,297,843
Nashville & Decatur RR First Mort. B'ds, 796
Nashville & Decaiur KR Stock. 6%, guaranteed by L. &N. RR Co
South & North Alabama RR. Sterling Mortg.
Bond.s Q%, endorsed by L. & N. RR Co....
South & N. Alabama RR., Sec. Mfg. Bds., 6%
South & N. Alabama RR. Con Mtg. Bonds,
.'i%, endorsed by L. & N. RR. Co
Owensboro & Nashville Ry. First Mortgage
Bonds, 696
Shelby Railroad rent
74,8'-0
161,390
256,450
88,500
269,680
28,000
22,b80
6,74-2,000
400,OiiO
&
&.
300.000
60,000
3,258,000
1,24«,C00
2,709,000
5,129,000
1,764,' 00
32,131000
.
Loui.'iville
117,«i00
5,000
.
Total Louisville
$283 00
54 85
1,996,660
490,000
580,000
First Mortg«ge Bonds
Louisville & Ndshville RR. Co. Five-Twenty
Collateral Trust 49'o Gold Bonds
CONSTRUCTION ACCOUNT.
$58«,245
248,784
<St
Mortgage Bonds, 69n
Ct-cilia Branch Fir«t Mortg. Bonds, 7%
Evansville Henderson & Nashville Division
ling
.
Total
3,500,000
9,873,0'
Mem. & Ohio RR. Sterling Mortg. Bonds, 7%
Louisville RR. SterMemphis ClarksvilJe
$2,100,000
$147,000
2,378,407
143,130
3,370,750
2,000,000
203.250
120,000
4,523,000
226,150
1,200,000
72,000
15,000
$15,572,157
$926,530
& Nashv. RR. mort. debt, and int'st. $110,693,660 $5,297,843
Mortgage debt, interest and rent of other
companies in the system
15,572,157
926,530
Louisv.
2,446 81
Nashville
& Decatur Division debit
Total
$22,254 06
$126,265,817 $6,224,373
THE CHRONICLK
7^8
Brought forward
$6,224 J7j
From which dtduct
Int. on L0UI8V. & Nat-bv. RR. bonds In Treas.
Int«rP8t on Owensboie & Nashville Ry. First
Mortgage Bo ds in the Trust
Interest on South &. North Alabama Second
Mortg. Bonds, deposit* d with Union Trust
Co. to secure $1,960,000 L. & N. Sinking
Fund 6% Bondp, $2,000,000 at 6%
Interest ou bonds deposited with United
States Trust Co. to secure $ 2,500,000 L. &
N. Fire-twenty Collateral Trust 4% Gold
Bon»^8, viz
$14,000,000 Unified Fifty-year 4%
$365,220
[Vol. LXIX.
for the year. The cost of 15 locomotives
charged to Reserve Fund. Rolling Stock,
bought has been
Locomotive Ac-
count.
Passenger EquipmentCarson hand July 1, 1898
Bouj^ht ana built during the year
72,000
...446
16
462
From which D'duct—
120,000
Destroyed during the year
12
>
On hand June 30, 1»99
450
There has been charged to Operating Expenses, Passenger
Car Repairs, the sum of !f338,392 87, an increase of $27,730 85
over the previous year. The value of the twelve cars destroyed, viz., $48,000, is included in this amount, which
720,000 $1,277,220
charge fully perpetuates the Passenger Equipment for the
$4,947.1.^3 year.
The cost of the sixteen cars bought and built has
been charged to Reserve Fund, Rolling Stock, Passenger
:
Gold Bonds
$4,000 000 Paduoah
vision Fitty-year
$560,000
& Memphis Di4% Gold First
Mortg. Bonds
160.000
Total estimated interest charges for 1899-1900
PAYMENTS ON ACCOUNT OF SINKING FUNDS, ESTIMATED, Equipment
1899- lU 00.
& Louis. RR. Sterling
Aug.
& Louis. RR. Sterling
Feb.
Louis. 4 Nash anii South & North Alabama RR. Trust D. ert
Oct.
Evans. Henderson & Nash Division.. .Dec.
Pensacola & Atlantic Rall.oad
Feb.
Mem.
Mem.
Clerks.
Clarhs.
Branch
General Mortgage
Cecilia
& North Ala. RR. Sterling
& North aIh. RR. Sterling
& North Ala. KR Sterling
Nashville & Decatur RR
South
South
South
1,
1,
1899. $37,133
1900. 12,833
.
20.000
1899. 44,« 00
IPOO. 5U.580
Mar. 1,1900. 5.5,000
June 1,1900. 307,520
$527,0 63
Nov. 1, 1899. $.=i8.927
Dec. 1, l>-9«. 53.460
May 1,1900. 58,9-27
April 1, 1900. 12.175
183,4f9
l,lt-99.
1,
1,
FKEIGHT EQDirMENT—
Frelgtit cars on hand July 1, 1898....
Bought and built during the year .. .1,520
Deduct—
Cinder carp, built for Roadway
Equipm't, included in the above.
.
12
1,508
.
,
20,375
Add—
changed
Cars
Roadway
from
Equipment to Freight Equipm't.
9
1
517
21,892
From which Deduct—
Destroyed during the year
Sold during the year
601
6
607
$710,555
Total
GUARANTIES FOR OUTSIDE COMPANIES,
ETC., 1899-1900.
Lease of the Georgia Railroad— Louisville & Nashvil'e RR. Co. and
Atlantic Coast Line, joint Lessees, from July 1, 1899—
Total yearly r^ni under the lease $600,000, L. <s N. guarantee one-half
$300 000
By reference to the General Results Statement it will be
seen that there was a loss on this lease for the past year of
$12,687 16, the Louisville & Nashville Raili'oad being the
sole lessee:
Nashville Florence & Sheffield Railway, $2,096,000 of 5 per
cent Bonds, guaranteed interest
$10 J ,800
BONDS IN THE SINKING FUNDS.
The trustees of the Memphis Clarksville & Louisville
Rail-
road Company First Mo tgage hold the following bonds for
the Sinking Fund, and cash uninvested $791 07:
117 Louis. & Nash. RR. 5% Trust Bonds, $1,000 each.
$117,000
14 Pensa. & Ati. RR. IstMort. Bonds, b%, $1,000 each...
2 Nash. Chat. & St. Louis Ry. Jst Mort. Tracy City
Branch Bonds. 6%. $1,000 each
30 Nash. Chat. & St. Louis Ry. Bon Air Branch Bonds,
6%,$l000each
100 Nash Flor. & Sh. Ry. 1st Mort. Bonds, 5%, $1,000 each
58 S. & N. Ala. RR. 5% Con. Mort. Bonds, $1,000 each....
590 Lou. & N. RK. Unified 50-year 4% Gold Bonds, $1,000
each
64 Nash. Chat. & St. Louis Ry. 1st Con. Mort. Bonds, 5%,
$l,OiOea(h
36 Pensacola Div. 1st Mort Bonds, 6%, $1,000 each
13 Louis. & Nash. RR. 5% Gold Bonds, $1,000 each
Total
Onhand|June30, 1899
21,285
There has been charged to Operating Expenses, Freight
Car Repaiis, the sum of $1,480,846 16, a decrease of $54,76* 51 from the previous year. The value of the C(i7 cars
destroyed, viz., $236,851 07, is included in this amount,
which charge fully perpetuates the Freight Equipment for
the year. The cost of the 1,520 cars bought and built has
been charged to Reserve Fund, Rolling Stock, Freight Car
Equipment.
Maintenance of Equipment.
The average cost per mile for repairs to equipment for the
past ten years has been as follows:
14,000
2,000
la 9
to
1890 1891.
to
to
1895
to
1896 1897
to
to
18f8
to
1893. 1894. 1895. 18r,6
lfc97. 1898.
1899.
1892
to
I
1890, 1891. lf-92.
1893
to
Per mileC's.
C's.
Cts.
Locomotive repairs. 4-485 4-482 4-8n8 4-465
Passenger car repairs 1- 21 1-378; 1-331 1-6(10
1894
to
I
Cts.
Cts. Cts.
Cts.
C/.<.
Ct$.
4-353! 4-661 4-2'' 4-812 5-141 5.56S
0-9m;i 1'245 1-3 3 1-399 1-308 1-418
0-650 o-eey 10-720 0-708 0-64tJ 0-599 0'634 0-5ei 0-717 C-659
freight car repairs..
;
SO.Of'O
Air Brakes and Automatic Couplers.
100,000
00
58,
590,000
64,0
36.000
13,0u0
$1,024,000
The cost of applying air brakes and automatic couplers
during the past year has been charged to reserve fund for
couplers and air brakes, as follows
Locomotives— Air brakes
Automatic couplers
Freight oars— Air brakes
Automatic couplers
Passenger cars -Automatic couplers
:
$1,185 50
580 00
282,856 23
1-'0,27150
14,862 12
The trustees of the Nashville & Decatur Railroad Company First Mortgage hold the following bonds for the SinkTotal
$439,757 35
ing Fund:
The company now has the following equipment provided
825 Nash. & Deo. RR, Ist Mort. Bonds, 7%, $1,000 each.... $825,000 with air brakes and automatic couplers
The trustee of the South & North Alabama Railroad Com499 Locomotives— Air driver and train biakes,
complete
or 91 40 per cent.
pany Sterling Mortgage holds the following bonds for the
"
Air for train brakes, no driver
13
Sinking Fund, and cash uninvested $325 55:
brake
235 Lou's. & Nash. RR. 5% Trust Bonds, $1,000 each
"
$235,000
18
Vacuum driver brakes; switch:
5 Louis.
& Nash. RR., Pensacola
Div., Ist Mort.
Bonds,
6%, $l,(00ea<h
40 Louis. & Nash. RR Gen. Mort Bonds, 6%. $1,000 each.
191 Pensacola &Atl, RR IstMort. Bonds, 6%, $1,000 each
117 H. & N. Ala. RR 5% Con. Mort. Bonds, $1,000 each
99 Lous. & Nash. RR. Unified 50-year 4% Gold Bonds,
$1,000 each
5.000
40,000
191,000
117,000
99,000
ing service
"
6
Steam driver brakes; switching
service
"
Handbrakes
11.898 Freight cars— With air brakes
"
With automatic couplers
18,374
450 Passenger cars —With automatic couplers.
10
. .
or ii5-90 per cent.
or 86 32 per cent.
or 100 per cent.
For comparison your attention is called to the following
Total
$687,000
tables, showing the number of locomotives, passenger and
The trustee of the Louisville & Nashville and South & freight cars on hand at the close of each of the
past ten fisNorth Alabama Railroad Trust Deed holds the following
cal years
bonds for the Sinking Fund, and cash uninvested $719 47:
Louisville & Nashville Railroad Company.
HR.
Trust Bonds,
$1,000 each
66 Louis. & Nash.
5%
34 Louis. & Nash. RR. and South & North Ala. RR. Trust
Deed Bonos, 6%, $1,000 each
252 Louie. & Naeh. RR. Unified 50-year 4% Gold Bonds,
$l,000each
22 S. & N. Ala. RR. 5% Con. Mort. Bonds, $1,000 each....
2 Pensacola & Atl. RR. Ist Mort. Bonds, 6%, *1,000 each.
Total
$66,000
34,000
252.000
22,000
2,000
$376,000
1889
to
IfcWO
Lncomotives
Passenuer cars...
Freight cars
1890
to
189
1
457
477
61
-30
SJ7
41
13,954 U.KiB 16.10
1893
to
1894
to
1S95
18931 1894
1895
896
1892
to
1891
to
1892
54P
631!
448;
448;
L7.-Z- 6i 18,41':
'
to
1896
to
1897
530
526
535
436
431
4^31
17,97218,640 1-,4:
1897
to
1898
18l.'8
1899
to
532
448
69 19,698
5.<3i
444
18,';
BiRMINGHA.M MINERAL RAILBOAD COMPANY.
EQUIPMENT.
The following equipment has been acquired and destroyed
LocomoliveB
Passenger ars.
71
,
15!
1
141
14.
141
I.'2'6'i|
1.2411
l.bV!
l.'g"61
15i
14
141
141
14
•
during the year:
Locomotives—
Freight cars
On hand
15
Locomotives
Passenger
562
13
3
Your attention
544
to Operating Expenses, Locomo tive repairs, the sum of $1,187,322 92, an increase of $114,The value of sixteen loco32) 38 over the previous year.
motives destroyed, viz $99,000, is included in this amount,
which charge fully perpetuates the Locomotive Equipment
,
cars.
is
excess mileage paid
16
On hand June 30, 1899
There has been charged
2
2
48H
..
Freight cars
From which Deduct—
Destroyed during the year
Sold during the year
I.277I l.'26o!
Nashville Florence
547
July 1, 1898
Bought during the year
l.'2"87i
last
ten years
2
2
486
l.lBOl 1.1691 1.149
& Sheffield Railwav Company.
2
2
480
a
478
2
475
2
471
2
463
2
457
2
447
2
438
called to the table below, showing the
and received on foreign cars during the
:
Frtess
Paid.
Excess
Excest
Paid.
Received.
1P89-90. $134.4^0 00
1890-91. 108,636 98
1891-92. 158,046 41
189^-93.
90,766 01
1893-94.
$22,243 30
1894-95
1895-96
1896-97
1697-98
1898-99
$5.20652
66
38.096
116,497
74.264
77,382
71
06
56
October
THE CHRONICLE.
7, 1899.1
749
PASSENGER AND FREIGHT STATISTICS.
Totals and Averages foe the Year 1898-99 Compared vtith the Previous Year.
yo.
Passenger
1898-99.
Traffic.
Percentage of
1897-98.
Increase.
1....
2....
3
..
4....
5...
6...
7....
8...
9...
10....
11....
12....
13...
14....
15...
16....
17....
18...
19...
20...
21...
22...
2i...
Mileage of road operated
•Numtier of miles run by revenue trains
Number of miles run by cars
Number of oars in each train
Number of passengers carried
Number of miles each passenger w» s carried
Number of passengers carried one naile
Number of passengers carried in each train
Number of passengers carried in each car
Earulngs from passenger trains
Exuenses of passenger trains
Net earnings from passenger trains
Earnings per mile of road
Expenses per mile of road
Net earnings per mile of road
Earnings per revenue train mile
Expenses per revenue train mile
Net earnings per revenue train mile
Earnings per car mile
Expenses per car mile
Net earnings per car mile
Earnings per passenger
Earnings per passenger per mile
Percentage oi e xpenses to passenger earnings
2,988 16
.•^,600.118
(a)
.
cents
cents
cents
cents
cents
cents
cents
(b)
30,510,749
5-45
5,446,801
39-50
215,203,2v8
38-43
9 "93
P6,091.21l 61
4,235,151 95
l,8o6,0"^9 66
2,038 4 5
1,417 31
621 14
108-769
75-626
2,988
5,535,364
29,584,082
5-34
5,208,588
39-90
207,903,873
37-52
9-90
$5,701,023 11
3,987.455 8S
1,713,567 28
1,907 97
1,334 49
573 48
102993
72036
30957
331»3
19-964
13-881
6 083
88-30
2 2?
69-53
oi-nts
19 270
13-478
5-792
85-70
2-15
No.
Decrease
1-16P8
..
1
31323
20599
..
2
3
4
5
6
7
..
4-5735
..
10025
..
3 "-5 109
2-4251
-3030
6-8442
..
..
62119
8
..
9
..10
..11
..12
..13
..14
..15
-.16
..17
..18
..19
..20
8-31-'='5
6-8387
6-2 61
8-<107
5-fOKl
4 9836
7-0614
3-6014
5-9901
50-242
3033>*
3-7209
69-94
..
-.21
-.22
..23
.5862
Freight Traffic.
24...
25...
26...
27...
28...
29...
30...
31...
32...
33...
34...
35...
36...
37...
38...
39...
40...
41...
42...
43...
44...
45...
46...
47...
48...
49...
50...
51...
52...
53...
54...
55...
56...
57...
58...
59...
60...
61...
62...
'Number
of miles
run by revenue trains
222,970,6'-4
Percentage of loaded-car mileage to total car mileage
Percentage of empty-car mileage to tatal car mileage
Number of miles run per carper day
Number of tons carried
Number of tons carried one mile
Number of miles each ton was carried
Number of tons in each train
Number of tons In each train{
Number of tons in each loaded car
Number of tons in each loaded and empty car
(e)
(c)
(c)
.(e)
13-99
6-52
20-51
68-17
31-83
28 06
12,390,835
2,230,767,045
180
Eari Ings from freight revenue trains
(cj
Kxpenses of freight revenue trains
Net earnings from freight revenue trains
Earnings per mile of road
Expenses per mile of road
Net earnings per mile of road
Earnings per revenue train mile
Expen^es per revenue train mile
Net earnings per revenue train mile
Earnings per car mile
Expenses per car mile
12,309.731
2,011,367,580
ISO
105
1.5
69
10-70
16,263,71.> 87
73
14
01
54
47
43872
cents
cents
cents
cents
Earnings per ton
Expenses per ton
Net earnings per ton
Earnings per ton per mile
Exiienses per ton per mile
Net earnings per ton per mile
Percentage of expenses to freight earnings
Gross earnings per mile of road— Passenger, Freight and
OperHting expenses per mil"^ of road
Neti earnings per mile of road
20 34
68 57
31 43
28 92
10-!
21947
11,496,435
4,767,-80
5.44
3,847
1,595
Net earnings per car mile
144,823,675
66,184,-90
211,208,465
13 95
6 39
163
193
207
14
10
15.078,616 53
10.934.274 31
4,144.342 22
5.046 39
3,659 39
1.387 00
1 45
205-2<»
(d)...
(d)
(d)
-729
-.=>15
-214
70-ti9
7,951 21
5,264 64•
2,686 5
Mlso.
(a) Includes Mail, Express, Excess Baggage and Train Privileges.
Excludes Company's materiel.
(d) looludes Company's material,
fourth to Passenger service and three-fourths to Freight service.
(c)
(b)
•
4
71
44
87
20
39 914
139
5 177
1 962
22 493
88 826
33 667
750
544
206
72 52
7,361 66
4,993 88
2,367 78
7-294
5-156
2-138
131-2=^6
92--82
33-474
cents
cents
cents
cents
cents
4-6505
4-9500
6-9195
5-5t90
-28' 7
2-0344
-8358
10,3«3,2^'6
10.866,162
151.992,398
70,978,966
Number of miles run by cars, loaded
Number of miles run by cars, empty
Number of mi es run by cars, loaded and empty
Number of cars loaded in each train
Number of cars empty in each train
Number of oars loaded and empty in each train
i
...24
...25
...26
...27
...28
...29
..30
.5833
...31
2 9737
...33
...34
2727
"-6589
..32
10-9080
10-1591
5-9780
5-7993
5-5144
..-35
..36
...37
4-S'019
..38
..39
..40
7-8595
...41
51413
..42
..43
..44
..45
..46
..47
15-0 10
7-859.i
5-1416
150303
3-4483
-9524
9-9163
2-1712
,..48
.
..51
..52
8-9704
7-15M9
.53
4-4:537
14-2781
2-8000
5-3309
3-8835
8 '6684
49
..50
•4056
2-5234
5-4-'18
13-4637
I
'
..54
..55
..56
..57
..58
..59
.60
...61
...62
Excludes Mall, Express. Excess Basgage and Train Privileges.
mixed revenue trains have been apportioned one-
Miles run by
QENERAL REMARKS.
Income and Profit and Loss Accounts.
Construction Account.
This account was closed July 1, 1894, since -which time
the items heretofore charged to this account have been
charged to Operating Expenses, under the sub-account
Income Account has been charged with the discount on
bonds received for the Sinking Fund Payments, and Sinking Fund Payments for which no bonds were received,
amounting to $127,180 also this year's pro rata of discount
on bonds sold, amounting to $48,578 «7 and the loss on the
Georgia Railroad, amounting to $12,687 16, leaving a balance to the credit of Income Account of $2,6.'6,900 48, out of
which was paid
"Improvement Account."
The
details of this account for
the year ended June 30, 1899, amounting to §517,784 59,
appear at length in this report.
The improvements and betterments upon the Nashville &
Decatur Railroad, to be settled for at the expiration of the
lease, and which have been charged to "Construction Account Nashville & Decatur Railroad" during the year,
amount
to §22,254 06.
Southeast &
St.
Louis Railway.
There has been charged to Cost of Road during the past
year, for new Freight Depot, Transfer Platform, Tracks,
etc., at East St. Louis
$5,723 47
Cumberland Valley Branch.
There has been charged to Cost of Road for lining Cumberland Gap Tunnel
$26,073 02
Paducah & Memphis Division.
There has been charged to Cost of Road, the cost of improvements and betterments
$313,194 48
Shelby Cut-off.
There has been charged to Cost of Road, for new ballast.
.
$3,507 22
Outstanding Bonded Debt.
By reference to page 746, it will be seen that the Outstandino Bonded Debt, less bonds of the various issues held
in the treasury
On June 3r', 1899, amounted to
$85,358,660 00
On June 30, 1898, it was
85,771,660 00
Showing a decrease
Outstanding Bonded Debt of
Interest Account.
By reference to General Results Statement, It will be
seen that the Interest and Rent Account for 1897-
^1898 was
For 1898-99
in
$413,000 00
58
4,971,702 22
$4,972,.";92
it
was
A reduction
of
$890 36
;
;
A Cash
Dividend of li2%, payable February 10. 1=99...
Dividend of 1^%, payable August 10, 1899
Extra Cash Dividend of ^%, payable August 10, 1899...
A Ca=h
$792,000 00
792,000 00
264,0 00 Op
$1,^48,000 00
A total of
leaving a surplus, after the payment of dividends, of $778.900 48, which has been transferred to the Credit of Profit
and Loss Account.
The Directors have re- valued the assets of the Company,
and have charged all losses, accounts, and advances considered uncollectible, to the amount of $107,616 69. to Profit
and Loss Account. The balance to the credit of Profit and
Loss Account on June 30, 1899. is $3,715,040 98.
Reserve Fund.
By reference to the general balance .sheet for June 30,
1898, forty-seventh annual report, page 38, it will be seen
that there were to the credit of this account, unexpended—
$121928 73
For rolling stock
00
500,0'
For couplers and air brakes
2" 8,441 00
For reducti' n of grade
77,610 37
For renewal of rails
21.01193
For general purposes
^ ^
$1,768,992 08
There have been expended, and
charged to this account, during the
present fiscal year, the following:
For rolling stock
For couplers and air brakes
For reduction of grade
For renewal of rails
For general purposes
Leaving yet to be expended
$5^4,103 68
439.' 5" 3.5
164,4 5.t 08
61,0i7 84
1,91-^85
„„_...
1,231.276 78
$537,7 lo bO
THE CHRONICLE.
750
Restoration of Salaeies.
Brought forward.
reference to the last annual report, it will be seen that
a restoration of one-half of the salaries and wages of the
Income from rents (see page 746)
Income froiu investm'ts (see page 746).
Income from various sources
employes was promised on July 1, 1898, and assurance given
that the remaining one-half would be restored on the first
of January. 1899.
Both of these promises have been fulfilled, and the salaries
and wages of the employes have been fully restored.
For the Board of Directors.
AUGUST BELMONT. Chairman.
M. H. SMITH, President.
Interest on bonded debt. $4,814,319 64
Guaranteed dividend on
N.
oeived
stock
143,382 58
1?>,000
00
735,329 50
$12,687 16
for
sinbincrfaiid
pavments... $3,780 00
Sinking -fund
paym'ts for
which no
bonds are
received,
charged
to
this acco'Dt,
anil ere Ited
to Profit and
Loss Acct. 123,400 00
.
127,180 00
Unfunded discount
(this
year's pro-rata of dis-
Greene. Manager.
count on ))onds sold
South & North Alabama
48,578 97
Railroad Company surplus earnings for year,
included in above and
transferred to Profit
12, 1899.
and Loss Account, to
which account the Joes
in previous years has
been charged
30, 1899.
$17,100,71t 32
4,905,583,57
706, 3-3 90
459,665 42
587,137 48
Total earnings
,
conducting transportation
$8,475,886
maintenance of way and structures. 3,116,761
maintenance of equipment
2,903,047
general expenses
1,235,891
46,164 87
234,611 00
5,941,6
Net income for the year
|$2,626,9
Less—
$23,759,485 69
Cash dividend, \H per cent, payable
February 10,1899
Cash dividend. I^a per cent, payable
August 10, 1P99
Extra cash dividend, »a per cent, payable August 10, 1899
Expenses—
For
For
For
For
RR
$5,707,031 72
Attest: E. T. Ferine, Secretary.
From freight traffic
From passenger traffic
From transportation of mails
From express tralflo
From miscellaneous sources
D.
Loss on Georgia RR. lease
Discount o n
bonds r e
THE AUDIT COMPANY OF NEW YORK.
TABLE NO. I.
INCOME ACCOUNT, JUNE
&
Rent of Shelby Railroad
Taxes
sheet, are true exhibits of the results of the operation of the
company for the said fiscal year, and of its condition as of
June 30, 1899, as shown by said books and accounts.
York, September
$8,568,543 20
and other income
Dedttct:
Fixed Oharges—
Louisville & Nashville Railroad Company.
120 Broadway, New York City.
Dear Sir : We have made an audit of the books and accounts of the Louisville & Nashville Railroad Company for
the fiscal year ending June 30, 1899, and. in accordance
therewith, certify that the attached statements of income
account, profit and loss account, and the general balance
New
traffic
Fkom Which
120 Broadway, Equitable Building.
Belmont, Esq,, Chairman of the Board of Directors,
L,
$264,837 27
207,'' 50 18
68,057 74
540,645 19
Net earnings from
THE AUDIT COMPANY OF NEW YORK.
Thomas
%8,027,8c)S 01
To Which Add;
By
August
LVOL. LXIX.
24
93
63
88
$792,000 00
792,000 00
264,000 00
1,848,000 00
Total operating expenses, 66-21 per cent
Net earnings from
traffic,
15,731,587 68
33'79 per cent
3,02 ,898
TABLE NO.
Surplus, after payment of dividends, transferred
to the credit of Profit and Loss Account
01
$778,900 48
II.—fSee following pageJ
TABLE NO. III.
BALANCE-SHEET, CONDENSED FROM GENERAL BALANCE-SHEET.
(See Pages 26 to 30, Inclusive.)
ASSETS.
Capital As^sets.
Cost of Road and Equi pment
Material in Private Sidings, the Property of the
Real Estate, Quarry and TlmJ)er Lands
Decrease from
last year.
tost year.
$345,326 30
19.777 23
13,566 74
$111,142,332 61
143.811 10
1,083,292 53
Company
Increase over
$112,309,436 24
Securities Deposited in Trust for Unified and Other Bonds
Securities Deposited in Trust under Lease of Georgia Railroad
Securities and Cash held by Trustees of Sinking Funds
Stocks of Railroads owned through ownership of entire Capital Stock.
Mobile & Montgomery Railway Company Liability for
Joint Bond issue (included in Bonded Debt per contra). $4,000,000
Less amount due Mobile
pany on open account
& Montgomery
.
$36,835,534
1,10",000
1,306,340
2^7,394
04
00
17
97
129,224 27
00
Railway Com,.
2,899,470 06
292 50
1,100,529 94
1,493.624 53
Advances to Subsidiary Companies
63,952 13
42,063,423 65
Available Assets.
Investments—
Company's Bonds and Stock in Treasury
Sundry Railroad and Other Stocks and Bonds in Treasury
$«,347,208 87
5,320,802 bO
Accounts Receivable
Mateiial and Supplies
Cash in Bank and on Hand
$2,261,037 45
1,^99.982 53
l,483,b20 74
706,220 00
1,652,558 02
13,668,011 47
$6?,''67 15
38,132 22
l,573.8d8 91
5,444,840 72
Various open and unadjusted accounts and notes
Unfunded Dif count account (to he absorbed by charging Incoioe Account
each year with one gear's proportion of the discount on bonds sold,
based on the unexpired term of the bonds)
157,038 31
$836,432 61
48,578 97
1,292,296 10
2,128,728 71
Total
$175,674,440 79
$3,087,9^5
f
$1,723,217 25
LIABILITIES.
Capital Liabilities.
Capital Stock
$55,000,000 00
110,693,t)6O0O
Bonded Debt
$304,000 00
$165,693,660 00
CuRiiENT Liabilities.
Payable
Accounts Payable
Inter eal Due and Accrued...
Dividends Unclaimed
Dividend No. 40, payable August 10, 1899
Bil Is
Reserve Fund for Rolling Stock, Couplers and Air Brakes, Reduction of
Grades. Renewals of Rails, etc.
Various Open and Unadju.sted Accounts
Profit
and Loss, Excess of Assets over
ToUl
Llabllitiefl
$26,568,98
$2,887,913 33
1,587,760 55
.15.810 63
1,056,000 00
517,933 93
520 63
8.181 00
1.056,000 00
5,587,484 51
$537,715 30
140,5*0 00
1,231,276 78
131,690 82
678,255 30
3,715,040 98
868,680 53
79
$2,754,795 46
$175,674,44
$1,390,057 21
October
7,
THE CHRONirLE.
1899.]
TABLE
No.
751
II.
PROFIT AND LOSS ACCOUNT, JUNE
30, 1899.
DEBITS.
Ten per cent premium on bonds redeemed
Funds
OBEDITS.
Balance to the credit of this account June 30, 1898
$2,846,360 45
Interest received on bonds in Sinking Funds
59,225 00
Sinking-fund payments for which no bonds are received, charged to Income Account, viz.—
Louisville & Na«hville, South & North Ala$2o,000 00
bama Trust Deed Morte. Sinking Fund
Pensa. & Atlantic First Mortg. Sinking Fund. 48,400 00
Cecilia Branch Mortgage Sinking Fund
55,OoO 00
tor Sinking
$34,200,00
107,616 69
47,986 50
74,939 05
Non- collectible accounts charged off
Tennessee State taxes for pievious year
Kentucky Franchise tax for previous years
123,400 00
24,702 08
Interest accruing prioi to June 30, '98, on sund. acc'ts.
For surplus earnings of the South & North Alabama RR.
Co. for year ended June 30, 1899 (previous losses
charged to this account)
For surplus earnings of the Nashvijle Florence
Sheffield Ry. Co. for the year ended oune 30, 1899 (previous losses charged to this account)
Amounts realized Irom various sources
Net surplus for the year ended June 30, 1899 (See Table
No. I), transferred to this account
46,164 87
&
89,278 25
11,752 09
Balance
778,900 48
to
the credit of Profit
and Loss Account June
3,715,040 98
so, 7*99
$'M^79,783 22
$3,979,783 22
TABLE
No.
IV.
GENERAL BALANCE SHEET, JUNE
DR.
30, 1899.
Increase over
ASSETS.
last year.
Cost of Road and Equipment.
Road fixtures and equipment
Decrease
Jrom
last yiar.
1
m
I
Material
private sidings ihe property of the
Real estate, quarry and timber lands
Company
$345,326 30
19,777 23
13,566 74
$111,142,332 61
143,811 10
l.C 83,292 53
$112,369,436 24
Investments.
Bonds Choned—
Unified Fifty-year Four per cent Gold Mortgage Bonds
Louisville
Nashville Five per cent Trust Gold Bonds
Louisville & Nashville Five per cent Trust Mortgage Gold Bonds
Lou 8vllle& Nashville. Lebanon &KnoxvilleBranch, Bonds, six percent!
I^uisville & Nashville, Faducah & Memphis Division, First Mortgage
Bonds, four per cent
&
Louisvllle&NashvilleandPeneacola&SelmaDiviPion Bonds, six per ot.
Louisville «fe Nashville Terminal Fifty-year Gold Bonds, four percent..
Kentucky Cent. Railway First Mort. Bonds, four per cent
Fensacola & Atlantic KR. First Mort. Bonds, six percent
Pensacola & Atlantic RR. Land Grant Bonds, six per cent
South & North Ala. RR. Five per centCon. Mort. Bonds
South <& North Alabama First Mort. Sterling, six per cent
Elkton & Guthrie RR. First Moit. Bonds, seven per cent
Hloss Iron A Steel Co. First Mortgage Bonds, six per cent
Eureka Company First Mortgage Bonds, seven per cent
Log Mountain Coal, Coke iSt Timber Co. Bonds, six per cent
Louis. Hend. & St. L. First Mortgage Bonds, five per cent
;
Northern Division Cumberland & Ohio Bonds six per c«'nt
Gainesville Jefferpou <te Southern RR. Second Mortgage Bonds
Sou. Div. Cumberland & Ohio Railroad, seven per cent..
Alabama
Steel
&
Ship Building
607.000 00
398.1 00 00
277,000 00
9i.7,000 00
9,9 3 70
463,000 00
00
24
00
CO
29,000 00
lb ,000
20,900
300,000
148,000
14,630
00
00
CO
00
94
300,000 00
148,000 00
1
64,551 33
335,000 00
If 9,250 00
10,54 3 20
Alabama & Florida Railroad Stock
Birmingham Mlnen-l Railroad Stock
Mobile
Montgomery Railroad Stock
Owensboro & Nashville Railway Stock
<te
255 50
2,493 .'lO
975.851 01
17,s75 05
15.175 00
1 0,000 00
10
OiO
34,600 00
241,000 00
15,5(
00
17,500 00
62,639 b 6
12,875 00
15,500 00
17,500
«
2,30145
2,079,580 82
Tkust Accounts.
Bonds ana atocks Held in Trust by
llie Central Trust Company of New
York, Trustee, Jor Unified Fifly-Y ear ^% Gold Mortgage Bonds, viz.:—
Alabama Mineral Railroad Bonds, four per cent
Stock in Louisville Cincinnati <fe Lexington Railway Company
Stock in South & North Alabama Railroad Company
Stock in Mobile & Montgomery ,Railwav Company
Stock In South-East & St. Louis Railway Company
Stock in Nashville Chattanooga & St. Louis Railway Company
Stock in ©wensboro <fe Nashville Railway Company
..
Stock in Henderson Bridge Company
Stock in Pensacola Railroad Company
Stock in Louisville Railway Tranbfer Company
Stock in Birminyham Mineral Railroad Company
Stock in Alaba na Mineral Railroad Company
Stock in Nashville Florence & Shettield Railway Company
Stock in Henderson Belt Railroad Company
Stock in Suelby Railroad Company
$1.6,i0,010 00
3.052 574 -l
1,1 2.5,500
69
3,272,906 12
29^ ,000 00
5,355..->;58 75
250,728 48
501,000 00
2,850 00
47,062 54
690,410 00
00
00
19.7.'i0 00
153,000 00
22.1,010
tjO.600
$16,700,941 39
From which Deduct—
The cost
of the following securities, which, having
cost of roart. is deducted from this account, viz.:
Louisville Cin. & Lexington R'y Stock
been added
1,875,020
19,750 00
47,062 54
Henderson Belt Railroad Stock
Louisville Railway Transfer Stock
Bonds Held in Trust by Farmers' Loan
to the
$3,f'52.574 81
Alabama Mineral Rhilroad Bonds and Stock
Trustee, for Five per cent Trust
64,551 33
335,000 00
57,60177
,
Nashville Florence & Shettield Railway Stock
Nashville <fe Decatur Railroad Stock
South & North Alabama Railroad Stock (common)...,
Elkton & Guthrie Railroad Stock
Gulf Transit Company
Birminghbm Rolling Mill Company Preferred Stock.
Birmingham Rolling Mill Company Common Stock,.
South Carolina Terminal Company Stock
Conecuh Land & Lumber Company Stock
Horse-Shoe Lumber Company wtock
Sundry railroad and other stocks
4,994,407 35
11,706,534 04
<£
Hands—
Trust
Company
of
New York,
Birmingham Mineral Railroad First Mortgage Bonds, five percent
Owensboro & Nashville Railway First Mortgage Bonds, tix per cent..
.
by Farmers' Loan £ Trust Company of Nev) York,
Trustee, for Georgia Railroad Lease—
South & North Alabama Railroad Five per cent Consolidated Bonds....
Louisville & Nashville, Pensacola ASelma Division. Bonds, six per cent
$3,929,000 00
1,200,000 00
5,129,000 00
Tru-tl
Bonds Held in Trust by Union Trust Company of New York,
South
193.000 00
168,574 74
57
9,615,825 62
Owned—
Louisville
$48,400 00
39,000 OO
25
128,250 00
52,300 uO
Company
Augusta Belt Railway Stock
Bonds Held in
477,620 00
67
1,038 75
2,037 50
1,500,000 00
726.866
8i2,i 00
801 268
191.867
25,000
34,400
Sundry railroad and other bonds
Stocks
$2,9C'_'.282
<*
00
8.0,000 00
.$250,00
1,100,000 00
Tnistec, for
Nnshvilte Railroad Six per cent Sitiking Fund Bonds -
& North Alabama Railroad Second Mortgage Six
per cent Bonds.
2,000,000 00
THE CHRONICLE.
752
[Vol. LXIX.
Increase over
A 8 SETS— (Continued.)
I>B.
last year.
Brought foricard
Trust by United States Trust Oompany of New York
Trustt-e./or Fine Twenty Collateral Trust Oold Bondx—
Louisville & Nashville, Paducah & Memphis Division, Fifty-year Four
percent Gold First Mortgage B-nds
Unified Fiftj -year Four per cent Gold Mortgage Bonds
Bonds Meld
—
Central Trust
&
9»,Ss3,S4Ssg
from
last year.
9ll6r4oo 00
iii
Bonds and Cash Held by Trustees of Sinking Funds—
Union Tru8t Company, New York, Trustee. Louisville & Nashville and
Si'Uth & North Alahama Railroad Trust Deed Bonds (invested)
Union Trust Conjpany, New York, Trustee. Louisville & Nashville and
South & North Alabama Railroad Trust Deed Bonds (unin vested) ...
Union Trust Cou pany. New York, to redeem calied Bonds of Cecilia
Branch
Trustees Memphis Clarksville & Louisville Railroad (invested)
Trustees Memphis Clarksville & Louisville Railroad (uninvested)
Mobile
^144,000^76 7?
Decrease
Company of New York, Trustee
Montgomery Railway Company,
$4,000,000 00
14,000,000 00
18,000,000 00
$330,595 52
17 50
55,000 00
918,6.56 8«
93.098 75
425 52
79107
577 23
(uninvested)
Liability for joint
35,717 50
719 47
1,306,340 17
Bond
issue or Louisville & Nashville and Mobile «fe Montgomery Four and
one-half per cent Bonos (per oontia)
Montgomery Ry. Co. on open account...
Less: Amouut due Mobile
&
$4,000 000 00
2,&99,470 06
292 50
1,100,529 94
Advances to Subsidiary Companies.
Company
Nashville A- Dei atur Railroad
Milledgevlle Railway
Shelby RHllro;id Company
South & North Alabama Railroad
Elkton & Guthrie Railioad Company
Chlcag & South Atlantic Railroad of Kentucky
Moi>ile& Ml nteomery Railway Company
Florence Belt Railroaa Company
Altamoi t & Manchester Railroad
Louisville Pioterty ompany
Colossal Cavern Company..."
$1,105. 3T5 19
22,249 06
35 000 00
59,4.'S9 84
64,945 29
3,774 55
758 7fi
7,706 24
9.880 05
14,0:i.'> "6
172,.'S99 18
20,089 68
35,0CO00
33,579 13
321 24
11,245 24
14,035 76
05
886 87
36,92'!
1,493,624 53
Available Assets.
Material and Supplies in shops and online
Due from Station Agents
Traffic
of road
53
46
34
69
77
118,584 88
Balances due from other companies
Due from Adams aud Southern Express Companies
Dne from United States Government and Post Offlce Department
Due from U. 8. G vernment. Transportation of Troops and Material.
Louisville & Nashville Terminal Company
Individuals and Companies
990,648 00
312,4 6 31
2,200,000 00
Bills receivable
Unlisted Capital Stock in Treasury
Cash.
In the hands of Treasurer, Assistant Treasurer, Cashier, Paymasters,
Renitted by Agents in transit
In the hands of otherf, to pay claims, etc
38,132 22
$1,699,98 2
4 80,439
114.292
63,407
181,248
etc.
86,531 00
36,631 61
5,901 48
42 94
197.329 23
19,633 48
116,761 65
177,027 64
6,161,019 98
$1,267,628 68
194,780 92
21,411 14
1,763,016 88
556 62
602 95
1,483,820 74
Various Open and Unajusted Accounts
Bills Receivable, Land Notes
Bills Receivable, other Notes
$68.=>,055
62
243,932 56
f6,«87 '6
66,031 62
20,862 63
64,489 83
836,432 61
(to be absorbed by charging Income Account each year with one year's proportion of the discount on bonds
sold, based on the unexpired term of the bonds)
Unfunded Discount Account
Total.
1,292,296 10
48,578 97
$175,674,440 79
?,72g,677 "7 $2,357,939 32
LIABILITIES.
OR.
Capital Stocic
Stock issued
Stock liability—
Original stock and subsequent dividends unissued.
Scrip issued in stock dividends
Unlisted capital stock
$52,711,520 00
$1,200 00
80
4,618 20
2,200,000 00
83, '=61
Total capital stock and stock liability.
$1,200 00
$55,000,000 00
Bonded Debt.
City of Louisville, Lebanon Branch, Extension Bonds, six per cent
Louisville Cincinnati & Lexingt' n Ry. First Mort. Bonds, seven per cent.
Consolin ated Mortgai e Bunds, seven per cent
Louisville Railway TransferFirst Mortgajte Bonds, eieht per cent
Memphis & Oliio RR. First Mortgage Bonds, seven per cent
Memphis C arksville & Louisville RR. First Mortgage Bonds, six percent.
Maysville & Lexington RR., Northern Div., Seven per cent Bonuf
..
Cecilia Branch First Mort gHge Bonds, seven per cent
Louisville Cin. & Lexington Ry. Second Mort. Bonds, seven per cent
Louisville & Nashville RR. C o. Six per cent Sinking Fnnd Bonds
St. L'»"is Property Twenty-year Five per cent Oold More. Bonds
Evanpville Hendtrson & Nashville Div. First Mort Bonds, six per cent..
Pensaciila Division Firi-t Mortfiaee Bonds, six per cent
South-East& St. Louis Division First Mort. Bonus, six per cent
Pensacola & Atlantic RR. First Mortgage Bonns, six per cent
New OrleansMobile & Texas Div. First Mort. B(.>nds, six percent.
New Orleans Mobile & Texas Div. Second Mort. Bonds, six per cent
General Mortgage Bon^is, six per cent
Lebanon & Knoxville Branch Morferage Bonds, six per cent
Pensbcola & Selma Divinion Fir^t Mortgage Bonds, six pe cent
Louisville Cincinnati & Lexington Railway General Mortgage Bonde,
four and one-half per cent
Five percent Collateral Trust Gold Bonds
First Mortt^age Five per cent Fifty -j ear Gold Bonds
Unified Fifty-year Four per cent Gold Mortgage Bonds
Louisville & Nashville and Mobile & MontKomery Railway Company
Four and one-half uer <e"t Gold First Mortgage Bonds
South East & St Lonis Division Second Mort. Bondn, three per cent
Kentucky Central Ry. First Mi rt Four per cent Gold Bonds
Paduciih &Mempb1sDiv. Fifty-year Four per cent Gold First Mort. Bonds.
Louisville & Nashville KB. Co. Five-twenty Collateral Trust Four per
cent Gold Bon. s
$1,000 00
5,000
10.000 00
2t- 6,000 00
'
1
,000 00
59,000 00
00
00
400.000 00
3, ."00,000
l,996.Hts0
490,000
55,000 00
•
S92,00(i
l,9f 0,000
00
00
7, 000 00
1,99= ,000 00
680.000 00
3,.500.000 00
2,70 '.0(0 00
5,000,000 00
l.OdO.OoOOO
9,873 000 00
1,500,000 00
1,248,000 00
M
38,000 00
44,000 00
260,000 00
3,258,000 00
5.12^.(100
00
1,764,000 00
32,131,000 00
484,000 00
00
00
00
00
277,000 00
4,000,000
3,000,0ii0
6,74-',000
4,607,000
12,500.000 00
110,693,660 00
Current
Bills
Liabilities.
26,568 98
payable
Pay-ro'lH audited in June, 1899, payable In .Tuly, 1899
Vouchers audited in June, 1899, payable in July, 1899
Unclaimed on Pay-rol sfrom July 1, 1»60, to June 30. 1898.. $201, 573 28
Unclaimed on Pay-rolls during year ended June 30, 1699
23,801 78
,
Unclaimed on Vouchers.
180,310 25
128,185 20
$1,069,360 99
664,138 5d
5,379 25
225,375 06
126,v56 0t
€5,462 60
2,085,130 64
Due and Afcrued—
Coupons not presented, maturing prior to July 1, 1898
$17,522 00
Coupons not presented, maturing during year endetl June
f 8,860 00
30, 1899.
Interes'
2,162 00
5,932 50
00
702,220 00
809,158 55
ie76,3'»2
Interest on Bonds, payable July 1, 18P9
Interest accrued to June 30, 1899, but not due
8,615 13
1,587,760 55
October
THE CHRONICLE.
7, 1899.]
753
LIABILITIES- ( Oonlinued.)
OB.
Decretise from
last year.
Increase over
last year.
Bt'ought fonoard
%i, 1 4^,631 So
55.810 63
8,181 00
09
228,888 10
70,241 60
1.056.000 00
1.056,000 00
Dividends unci aimed
Due to individuals and companies
Due to other Comianles, Traffic Balanoca
Dividend No. 40. payable August 10, 1899...
Reserve Fund -For RoUimi Stock
For Couplers and Air Brakes.
For Reduction of Grade
For Renewal of Rails
For General Purposes
732..'=.41
,
%473,iS3tt
90,291 47
$357,825 05
60.2 < 2 63
564.103
439.757
164,455
61,047
68
35
06
84
l,yl2 85
83,98?>94
16.562 53
19.099 13
,
,
537.715 30
1^0.5^0 00
3,715,040 98
868,680 53
$175,674,440 79
$3,311,38143
$1,916,643 18
Ooupons Due.
Amount of
Various Open and Unadjusted Accounts
Profit and Loss (excess of assets over liabilities).
Total.
TABLE NO.
V.
BONDED DEBT JUNE
Description.
.
—
New
Orleans & Mobile Divi.-ion Second Mortgage Bonds
«-Qeneral Mortgage Bonds
Lebanon, Knoxville Branch Mortgage Bonds
Pensacola ife Selma Division First Mortgage Bonds
Louisv. Cincinnati & Lexington Ry. General Mort. Bonds
First Mortgage Five Per Cent Tru-»t Bonds..
First Mortgage Five Per Cent Flfty-Year Gold Bonds
Unified Fiity-Year Four Per rent Gold Mortgage Bonds..
Louisville <te Nanhville and Mobile <fc Montgomery Ry. Co.
4^2 Per Cent Gold Fir.-t Mortgage Bonds
Paducah & Memphis Dlv. 50-year 4 p. c. Gold Ist Mort. Bds..
South-East anti St. Louis Division Second Mort Bonds
Kentucky Central Ry. First Mortgage 4 p. c. Gold Bonds
Bate of
Maturity.
$1,000
5.000
10.000
286.000
3,500,000
1,996.660
400,000
490,000
892,000
1,960.000
617,'
1899.
30,
A-tnount.
City of Louisville, acc't Lebanon Branch Extension Bonds
Louisville Ciucinnatl & Lexington Ry. Fhvt Mort B^nds
Consolidated Mortgage, Main Stem and Branches Bonds
Louisville Railway Transfer Company Bonds
Memphis & Ohio Railroad Sterllug Mortgage Bonds
Memphis Clarksv. & Louisv. RR. Sterling Mort. Bonds
Maysville & Lexinmon RR., Northern Dlv., 7 p. c. Bonds....
a-Ceollia B auch Mortgage Bonds..
Louisv. Cinoinnatl & Lexington Ry. Second Mort. Bonds
Louisv & Nashville RR. 6 per cent Sinbing Fund Bonds
St. Louis Property 20-year 5 p. c. Gold First Morr. Bonds
Louisv. & Nabhv. RR. 5-20 Collat. Trust 4 p. o. Gold Bonds...
ft-Evansv. Henderson & Nash v. Dlv. First Mort. Bonds
Pensacola Division Fir.sT, Mortgage Bonds
South-East and St. Louis Division First Mortgage Bonds
Pensacola & Atlantic Railroad First Mortgage Honds
New Orleans & Mobile Division First Mortgage Bonds
131,690 82
00
12,500,00
1,995,000
580,000
3,500 000
Interest.
4,^00.000
4,607,000
3,000,000
6,742.000
Interest.
\
October 15, 18°3.
January
1. 1897.
1, 18:18.
1. 19i>l.
June 1, 1901.
August 1. 1902.
January 1, IH06.
1, 1907.
October 1, 1907.
April 1. 1910.
March 1, 1916.
April
May
8
May
7
June 1. December 1.
February 1, August
January 1. July 1.
March 1, September
6
7
7
7
March
November
1,
October
J
I,
Oct' ber
1.
January I, July 1.
June 1, December 1.
March 1, September
March 1, September
1,
1.
November
November
November
1.
300,(100
60.000
586 215
1.
1.
July
4
January
September 1, 1945.
February 1, 1946.
4I2
March
4
F--bruary I.August
1.
Ma'ch
3
March
1.
4
January
1,
19i0.
1, 198l».
July 1,1987.
1.
1.
1,
July
88,200
1,285,240
1.
September
July
2=<6.4.'50
1
September
1,
90.000
7j,8S0
146.610
1.
1.
5
,
00
30,850
500.000
118.000
34.800
210,000
I0I.33O
1.
1.
Mav 1,193 7.
1
'
1.
May
May
5
3 ,090
1.
117,'
Septembc
Mav
1.
62,440
1, September
April 1, October 1.
June 1, December l
March 1,
March 1, Septemner
February 1, August
January 1, July 1.
4««
$22,880
248.784
120,424
28.000
1.
March
4
6
6
6
6
6
6
6
6
6
April 1,1903-1918.
1,
April
April
6
5
December 1, 191t).
March 1, 1920.
March 1, 1921.
2,7(i9,» 00
August 1. 1921.
5,000,000 January 1. 19.S0.
1,000,000 January 1. 1930.
9.873.000 June 1. 1930.
1,500,000 March 1, 1931.
1, '48.000
March 1, 1931.
3.2-8.000 November 1, 1931.
5,129,000 November 1. 1931.
1.7^4,000
32,131,000
1
180,000
181.280
90.000
269.680
1.
1.
'$110,693,660
«5,297,843
$55,000 of these bonds drawn for Sinking Find, due March 1. 1>-99. Interest will cease September 1. 1899.
$5,000 of these bonds drawn for Sinking Fund, due Dec. 1, 1898, but not presented for redemption. Interest ceased on Dec. 1, 1898.
f$l,«'00 of these bonds drawn for Sinking Fund, due .luue 1. 189ri, but not presented for redemption. Interest ceased on June 1, 1896.
Interest ceased on June 1, 1898.
s $3,000 of these bonds drawn for Sinking Kund. due June 1, 189?, but not presented for redemption.
($75,000of these bonds drawn for Sinking Fuod, due Juae 1, 1899, but not presented for redemption. Interest ceased on Juae 1, 1899.
Total
a.
b.
c.
TABLE NO. VI.
SECURITIES JUNE 30, 1=99.
In addition to the foregoing securities the
owns the following bonds and
stocks,
Company
also
which are deposited
The following is a statement of the Securities owned by with the Cen'ral Trust Co. of New York, trustee, to secure
the L. & N. RR. Unified 5' -year 4% Gold Mort. Bonds, viz.:
Company, and included in the General Balance Sheet
the
:
Par
BONDS'.
Value.
3,137 Unified 50-year 4% Gold M. Bonds. $1,000 each... $3.13^.000
1,500 Lou. ANash. Leban.-Knox. Br., 6%B'ds $l.oOOea 1,500,000
3H8.000
398 L. & N. Pensa. & Selma Dlv.. 6% Bond8.$l ,000 ea.
607,0
607L. &N. Pad. &Mem.Dlv..l8tM.4%B'ds, *1 OOOea
11,000
11 Kentucky Cent. Rv. IstM. 4% Bonds, $I,0OOeacb.
843.< 00
843 Pensacola & Atl. RR l.st M. 6% Bonds, $l,'>i Oeach
832,00
832 Pensa. & Atl. RR. L. Grant 6% Bonds, $ ,O00each.
907 000
907 L & N. Term. 5«t-year 4% Gold Bonds, .Ul.OOd each.
8^8,0(10
828 80. .fe No Ala. KR. % Con. M. Bonds. $1 .000 each.
189.000
189 S. & N. Ala. RR Ist .M. Sterling 6% B'ds, £200 ea
106.000
212 Louis Hen & St Louis L>t M. ^% Bonds, $500 t-ach.
13.'>.000
13:. LogMt. CoalCohe&Tim. Oo.6% Bond8,$> .000 each
20.000
20 No. Div. Cum. & O RR. 6% Bonds. $1,000 each...
43 SlosKlron &8te' ICo. ist M.G% Bonds.*! .000 each
43 000
25.000
50 Elkton <fe Guthrie RR. 7% Bonds, •SOU ea<ib
2'^,0O0
22 Gaine-vUle Jeflf. & so. RR. 2d M. Bondf, $1,000 ea
200,000
2OOS0 Div Cum. <feO. RR. 7% Bonds. $1,000 each
100.000
2OOS0 Div Cum. * O. RR 7% BoLds. $.^00 each
Ala. Steel & "^hip-Building Co., account subscription tor $185,000 Bonds
148.000
17.70"
Sundry Railroad and other Bonds, Ledger Value.
Total Bonds
$10,06b,7O7
SKares.
Stocks.
39,625 Nashville & Decatur RR. Co. Stock, $25 each
$990,625
1,931 Owen-boro & N ahvllle Ry. Co. S ock, $100 each.
193.100
1^9,^00
1,899 Nash Flor. & Sheffi Id Ry. Co. Stock $100 each
4^^5.000
4,550 Birmmgha II Mil eral RR. Co Stock. $100 CHoh....
3,350 Alabama & Florida RR. C". Stock. $100 each
t35,000
1', .275
691 Elkton &Quthiie RK. Co. Stock. $^5 each
111 Mobile & Montgomery Rv. Co. Stock, *100 each...
11.100
34,00'i
340 80. & North Alabama RR Co. Stock, *iOi) each...
446 Birmingham RoUinff Mill Co. Stock, $100 each...
44 600
'69,088 Kentucky Centrnl
Ry. Co Stock, $100 each
6,90 ,8">0
"
~
600 Louis. Har. Cr. & Westport RR. Co. Stock. $100 ea
60,000
t3 New & Old Decatur B. & T. RR Co. Stock, $100 ea
6,300
7,484 Pontchatrain RR. Co. Stock, $100 each
748,400
192 South Ea->t & St. Louis Ry. Co. Stock, $100 each..
19.200
2.058 Term. RR. A^s'n or St. Louis Stock, $100 each ...
2f5 8O0
150 Pensacola RR. Co. Stock, $100 each
15,000
160 Lou. Oin. & Lex Ry. Co Com. Stock. $100 each...
15.000
6=.000
650 Augusta Beit Rv. Co. stock, $100 each.
72..- 00
725 L"gMt. Po«l Coke & Timber Co. stock, «100each.
17.5 Horse-shoe Lumber Co. Stock. $100 each
17. 00
2,410 South Carolina Term. Co. Stock, $100 each
241,000
155 Conecuh L nd & Lumber Co. Stock, $100 e^ch
1.5.5-0
823Gulf Transit Co Stock, $100 each
82.-00
.^9 490
Sundry Rnilroad aud other Stocks, Ledger Value
Bills Receivable, Land Notes, etc., Ledger Value..
163 793
1.2>^H.I 3
•
--
.
Total Bonds, Stocks and Bills Receivable
$ l,334,e90
These Stocks, havlne been included in cost of road, do not appear
on General Balance Sheet under the caption of " Stocks Owned."
_*
31 Ala. Min. RR. Co.
50 Ala. Min. RR. Co.
Total Bonds
4-p.-c.
4-p.-c.
Bonds.
Bonds, $100,000 each
Bonds, $1,000 each
$3,100,000
60,000
$3,150,000
_
Shares.
Stocks.
15,000 Louisv. Cin. & Lex. Ry. Co. Pref. Stk., $100 each.. $1,500,00
9.H50 Louisv. Cin. & Lex. Ry. Co. Com. Stk.. $100 each..
9«='.<00
20.000 South & No. Alabama RR. Co. Pref. Stk., $ 00 each 2.000 000
11,24 South &No. Alabama RR. Co. Com. Stk., $100 each. l,l-.i7.J00
2'^,397 Mobile * Moutsiomerv Railway Co. Stk., $100 ea -h
2,"^39,700
39,850 N.Orl's Moo.&Tex. RR.Co. (a8reorg.)Stk.,$100each 3,98-.000
980.O00
9.800 South-East. & St. Louis Railway Co. Stk., $100 each.
55.015 Nashv. Chattan'ga & St. L. Ry. Co Stk.. $100 each 5,601.500
9.634 Owensboro & Nashv. Railway Co. Stk., $100 each
9»^3,400
5,010 Heodersou Bridge Company Stock. $1
f 01,000
each
2,8'>o Pensacola R+ilr.. ad Company Stock, $100 each
285.000
.
100,000
1,000 Louisville Railway Tran-fer Co. Stock, $100 each..
l,9'2.f00
19 7. 6 Birmingham Mineral Railroad Co. Stk.. .*100 each
19,690 Alaiiama Mineral Railroad <'o. Stock, $100 each....
l,"* 9.000
6,150 Nashv. Florence & 8h ff Ry. Co. Stock. $100 each.
615.000
395 Henderson Belt Railroad Co. Stock, $50 eaih
19.750
54~.185
10,9633*50 Shelby Railroad Company Stock, $50 each
$25.HH2.535
Total Stocks
1
$'9,142..53 5
Total Bonds and Stocks
also owns §2,000,000 South & North AlaRailroad Company Second Mortgage Bonds, which
have been deposited with the Union Trust Company of New
York City .Trustee, to secure the L. & N. RR. Co.'s $2,000,000
of
Six-per-cent Sinking Fund Loan of April 1, 1880 $40.0
these bonds, through the operation of the said L & N. RR.
Sinking Fund Loan, have been redeemed and canceled,
thus reducing the amount to §1.960,000.
The Company also owns $l,2il0,00n Owensboro & Nashville
Railway Company First Mortgage Six-per-cent Bonds and
$3,929,000 Birmingham Mineral Railroad Company First
Mortgage Five per-cent Bonds, which have been deposited
with the Farmers' Loan & Trust Company of New York,
Trustee, to secure the issue of $5,129,000 Louisville & Nashville Railroad Five-per-cent Trust Bonds.
The Company
bama
;
The Company
also
owns
$2.5", 000
South
&
North Alabama
Consolidated Mortgage
Bonds and $850,00 Louisville & Nashville, Pensacola &
Selma Division, Bonds, which are deposited with the
Farmers' Loan & Tr st Conpany, Trustee, as collateral for
the Georgia Railroad lease.
Railroad
Company
Five-per-cent
'
THE CHRONICLE.
?54
The Companj^ also owns $14,000,000 Louisville & Nashville
Unified Fiftj-year Four-percent Gold Mortgage Bonds and
&
Of,00u Louisville
$4,(
Nashville,
Bonds, which are deposited with the United States Trust
Company, New York, Trustee, to secure the issue of $12,51 0,-
& Nashville Five-twenty Collateral Trust
Four-per-cent Gold Bonds.
Paducah & Memphis
000 Louisville
Four-per-cent Gold First Mortgage
Fifty-year
Division,
[Vol. LXIX.
TABLE
NO. VII.
GROSS EARNINGS, OPERATING EXPENSES, AND NET, BY MONTHS.
Recapitulation.
Month.
Freight.
July. 1898
$1,?46,24.5 62
August, 1898
Septemb^r. 1898..
October, 1898
1,310,681
1,373,-32
1,538,955
1.." 67.160
Novfmber, 1898..
December, 1898 ..
January, 1899
1,479,^-76
1,406,747
1,171,98^
February, 1899...
March. 1P99
$437,204
426,132
438,875
42 .895
38", 649
424,894
&. N. System.)
Miscellan-
Total
eous.
Earnings.
$59,645 57 $34,782 79 $19,788 6°
.^9,700 08
31,973 11
38,258 50
31,2"5 01
57.815 15
39,528 64
59.K72 82
36,39-' 08
41,968 75
59,645 58
39,969 92
42,579 36
57,0)3 49
47,452 32
39.602 20
3vJ
35.7
51
44,779 85
59,697 52
5H
44,354 44
59,645
33,109 95
56.ts42>5
39.39H44
52,080 32
69,f^74 11
42.962 65
46,494^8
49,757 96
52,901 83
69,646 87
37,926 68
94,800 02
57,584 28
08
96
44
71
14
83
38i,7;iO' 9
3<2,24=> 23
39%183 47
[Averagefor year, 2,98816 Miles.]
Operating
Expenses.
$1,827 666
1,866.745
1,940 956
2,102,885
2,099,004
2,048,538
1,928.687
1,651,339
2.067,140
1,918,061
75
79
53
99
48
87
17
83
97
13
2,12iMH4 4l
Per Oent
Net
Earnings.
of Sxp. to
Eam'gs.
$1,313,940
1,303,174
1,284,352
1,291,683
1,267,542
82
73
81
63
$513.725 93
563,571 6
656,60'< 72
811,:^02 36
6><
l,255,03rt
39
38
02
44
43
83
52
831,46180
793,.502 48
591.315 7y
1,337,371
1,206.278
1,370,202
1,320,439
1,372,5.'^ 3
1,409,011
«
445,061
696.938
597.621
747 610
779,282
81
5S
11-f-Q
69-81
6617
61-43
60-39
61-26
69-34
73 05
25
66-28
68-84
64-74
64-S9
$17,100,715 32 $4,905,583 57,$706,383 90 $459,665 42 $587,137 48 $23,759,485 69 $15,731,587 68 $8,027,898 01
66-21
1.524,>-34
1899
May, 189«
June, 1899
1,396.267
1,538.961
1,545,768
April.
Total
14
29
63
48
03
20
63
89
28
47
66
Express.
Mail.
Peusetiger.
iL.
372,R62 21
418,896 28
452,214 13
'
2,188,293 77
70
51
1
1
TABLE
No.
VIII.
TOTAL EARNINGS, OPERATING EXPENSES, AND NET.
Recapitulation.
Sources.
I
20-647
2-974
1-V35
Passenger
Mail
Express
•082
Train privileges
Freight
Rent of passenger care
$4,905,583
706,383
459,665
19,578
-829
-502
-116
-641
-016
-125
WharfagH and storage
002
tolls
Storage— Sf. Louis Storage Warehouse ..
Creosote Works— West Pascagoula, Miss
Total
Net Earnings.
57
90
42
72
$6,091,211 61
.$4,235,151 95
$1,350,059 66
32
96
80
49
97
31
89
23
426 00
11,496,435 73
5,604,279.-9
27,187 96
198,936 80
17,100,715
27,187
196,936
119,345
27,650
152,30«
3,897
29,69 1
115
Telegraph
Operating
Expenses.
Gross Earnings.
71-974
,
Rent of freight cars
Rent of locoiuoti ves
Car detentions, storage, etc
Rents
Bridge
Percentage of
Oross Earnings.
.003
•039
7t-010
9,334 01
100000
$23,759,485 69
45 49
97
152,306 31
3.897 89
29,693 23
4-26 00
780 10
9,334 01
119,;-
27,6.^0
Net Earnings from Operating in 1898-9
CHICAGO BURLINGTON <& QUINCY RR. CO.
FORTY- FIFTH
ANNUAL REPORT— FOR THE YEAR
ENDING JUNE
$8,027,898 01
$15,731,587 68
$15,253,959 61
In 1897-8
14,989,'276
$264,683 32
Increase in 1898-9...
Percentage of Operating Expenses (including Taxes)
to Gross Earnings in 1898-9
In 1897-8
30, 1899.
Chicago. September 13, 1899.
Decrease in 1898-9.
To the Stockholders of the Chicago Burlington & Qiiincy
Railroad Company:
Total number of Passengers carried one mile in
Your Directors submit the following report of the operaexclusive of Free Mileage
In 1897-8
tions of the Company for the year ending June 30, 1899:
EARNINGS AND EXPENSES.
Increase in 1898-9.
The Gross Earnings of the Company, including those of
Gross Earnings from Passengers in 1898-9
all leased and controlled railroads, have been
In 1897-8
From Freight
$29,270,941 81
From Passengers
9,469,018 37
Increase in 1898-9.
From Mail, Express and Miscellaneous 4,649,464 51
$43,389,424 69
Operating Expenses
51
1,589,834 57
64-84
64 98
014
1898-9,
448,456,418
362,302,510
86,153,908
$9,469.0l!>
:
The Expenses have been:
29
37
8,153,042 17
$l,315,97t 20
210
Gross Earnings per Passenger per mile in 1898-9.
In 1897-8
2-23
cents.
"
$26,54.'^,630
Taxes
0-13 cents.
Decrease in 1898-9
28,135,465 08
Net Earnings from Operating
Adfl for
Other Income and Interest
Net r-^cfipts of B.
M. RR. in Nebraska and H. & St. J. BR. Land Departments for the year
$15,253,959 61
$402,143 10
Increase in 1898-9.
«fe
85,679 11
487,822 21
Total Net Receipts
$15,741,781 82
Charges have been:
Interest on
Rent
of
Bonds
Sinking Funds
9,013,482 33
$6,728,299 49
Dividends have been paid as follows:
Sfptember
15, 1898,
1^ percent
December l.-i. 1898. 1^2 per oent
March 15, 1-! 9. li^ percent
June 15, 1899, 1»2 percent
l,'<i«5.107
$1,489,628 99
COMPARED WITH
in
Road
oper-
1898-9
Increase in 1898-9.
Gross Earnings from Freight in 1898-9
In lej97-8
1897-8.
$43,389,424 69
42,800,162 33
Gross Earnings per ton per mile in 1898-9.
In 1897-8
Decrease in 1898-9.
Miles run by Freight Trains in 1898-9 (standard guage)
In 1897-8
Decrease in 1898-9.
Increase in 1898-9
Operating Expenses and Taxes in 1898-9
In 1897-8
Increase in 1898-9
1,609
1,452
157
Increase in 1898-9.
Decrease in 1898-9
.'iO
1,329,526 50
1,405,141 50
Surplus for the year
,1898-9
l,2iO,.50S
77,8-4.317
$29,-'70,941 81
30,513.639 88
$1,238,595 00
5,238,370 50
Gross Earnings from Operating
In 1897-8
Miles run by Passenger Trains per mile of
ated in 1898-9 (standard gauge)
In 1897 8
11.665,018
10,421,510
Total number of Tons of Freight carried one mile In
1898-9
3.373,480,389
In 18^7-8
3,295,586.072
$8,102,902 21
386,825 18
523,754 94
Tracks aud Depots
Miles run by Passenger Trains in 1898-9 (standard
gauae)
In 1897-8
$1,272,098 07
0-861 rents,
0-s<19
'"
0-058 cents.
18,259.034
18,849,775
590,741
$589,262 36
$28,135,465 08
27,810,886 04
324,579 04
Miles run by Freight Trains per mile of Road operated
In 1898-9 (standard gauge)
In 1897-8
Decrease in 1898-9.
2,519j
2,625l
106
OcTOBBat
THE CHRONICLE.
7, 1899.J
or controlled
{Note -E irninps and Expenses of aU roads owned
but tons and pasbv tbe C B & Q RR. Co are included in foregoing;
seneers carried one mile do not include those of the narrow gauge
755
Divided as Follows:
Number of miles of road owned and leased by the
Company, including all Branches
6,04033
which no sacU statistics are kept. In tlguring ihe, earnings
per ton and per passenger p^r mile, the freight and passenger earnings of the narrow-gauge roads have therefore been excluded.]
Number
CAPITAL. STOCK.
The Capital Stock of the Chicago Burlington
Railroad Company at the date of the last Report
Number of miles of standard gauge road operated
rotrts for
-^as
Ts.^ued
during the year in exchange for C. B.
vertible
Bonds
& Q.
&
Quincy
$82,002,800
of miles of leased road operated jointly
with other Companies
11,721,200
of lv.03
1,'iOO
Less
$93,72 5,1 00
Aggregate of Capital Stock on June 30, 1899
Mileage of C. B.
was
&
of the Chicago Burlington
at the date of the last Report
$128,735,000
& Q Consolidated Mortgage
7 per cent Bonds of 1903 issued
for Scrip surrendered
B dv, M. R. RR. in Nebraska Consolidated Mortgage 6 per cent
1,327*99
7,558-92
140-08
Total standard gauge mileage operated in the whole System
on June 30, 18t»y
7,418-84
7,249-07
pages 58 to 63 of
eauge mlleasre, the
Quincy RR. Co. controls 178-60 miles of narrow
details of the above mileige. see
In addition to the above standard
pamphlet.
Chicago Burlington
gauge road.
Quincy Alton <fe St. Louis 5 percent
Bonds of 1902 assumed on the
&
LENGTH OF SECOND TRACK.
])urcha«e of the railroad of that
Chicago Buklington
840,000
Company
<fc
Quihcy Railroad Company.
Miles.
Funded
There were added during the year 9-62 miles of New Second
Track and 7-37 miles were acquired by the purchase of the
C B. & N. RR.
The number of miles of Second Track on June 30, 1899, was... 314-36
Length of Secoi d Track on standard gauge controlled roads,
:
& N. First Mortgaise 5 per
cent Bonds
C. B & N. Equip. 5 per cent Bonds
C. B.
8,053,500
June
$415,000
493,000
Outstanding
Held in C. B. & Q. Treasury
37079
-06
for mileage operated jointly by two or m-^re companies in the System, which is therefore duplicated above
Note— For
23,000
Debt of controlled roads
East Dubuque
the year
$2,000
of 1918 sold
from
370 73
in track at
Average number of miles operated by the System during
C. B.
Transferred
N. RR, tran.sferred to
Quincy Deduct
The additions during the year were as follows:
Bonds
&
Total
The funded debt
Company
&Q
Change
FUNDED DEBT.
Railroad
1,698-78
—
C. B.
^
6,23093
by railroad companies controlled by the C. B. &
1,438-99
Q RR. Co. on June 30, l-gMileage of the Keokuk & West'nRR. acquired during the year by the purchase of its securities
259 79
Con-
OapilalStockof the Burlington & Missouri River RR. Co.
(Iowa) outstanding on June 30, 1899, was
190-00
30, 1899,
was
26-28
340-64
Total
908,000
CONSTRUCTION AND EQUIPMENT.
$9,826,500
EXPENDITDRES.
The reductions during the
year were as follows
Bond Scrip, exchanged for C. B.
Expenditures for Construction during the year ending
June 30, 1899, on the Chicago Burlington & Quincy Railroad
and Branches in Illinois and Iowa were as follows
:
'
& Q. Consolidated Mortsrage 7
per cent Bonds of 1903 and can-
Track Elevation, Chicago
$315,733 96
Elevation of St Charles Air Line, including
Land and Tracks
102,137 10
Terminal Facilities, Quilicy, Illinois, including Land and Tra>-h8
210,960 33
Highwayon Quincy Bridge
38,806 58
Reducing Grades in Illinois, including Land. 150,782 48
Reducing Grades in Iowa, including Land
and New Second Track
325,368 91
Additional Elevator Grounds, Chicago
20^,103 65
West Bound Freight Yard, Hawthorne, 111.. 47,975 65
New Passenger Depot, Creston, la
3«,379 65
New Buildings and Water- Works
32,8*^46
New Hide-tracks
12,573 16
New Interlocking Plants
22,153 94
$2,000
celed
Sinking
for
Purchas'^d
Funds and canceled:
C. B. & Q. 5 per cent Bonds of
1919 (Iowa Division)
C. B. & Q. 4 per cent BDUds of
1919 (Iowa Division)
C. B. & Q. 4 per cent Bonds of
1927 (Nebraska Extension) ...
Converted into Stock
53,000
176,000
33,000
:
<fe
Q. Convertible
cent Bonds of lyt 3
5
C. B.
Paid and Canceled
C. B.
&
per
11,721,200
New
New
:
cent Bonds of 1926
Bridges
11,262 38
Ballast
Grant City & Southern
N. First Mortgage 3 per
139,500
6,6vi6
(onaccount)
Miscellaneous Construction
12,124,700
92
RR. Construction
60,8"8 47
42,832 53
Net Decrease of Funded Debt during the
On
Funded Debt of the C. B. & Q. RR. Co.
on June 30. 1899
Outstandiug Funded Debt of controlled
railroad companies on June 30. 1898
(being the amount not owned by the C. B.
Total
&Q. RR. Co.). was.
The reductions during the
year were as follows:
Purchased and canceled:
$126,437,700
$24,144,500
Tarbio Valley First Mortgage 7
per cent Bonds of 1920
Nodaway Valley first Mortgage
7 per cent Bonds of 1920
$11,000
10,000
.
Paid and canceled:
the Burlington and Missouri River Railroad in Nebraska and Branches:
Nebraska Wyoming & Western RR. Con$106,0ri0 40
struction (on account)
4.875 73
Landatid Right of Way
New Fences
New Buildings and Waterworks
New Side Tracks
New Bridging
NewBallast
Lincoln & Black Hills RR. Extension from
Ari-adia to rtargenr. Neb (onaccount)
Atchison & Nebraska RE., Changing Line
13,578 56
20
110,2
40,022 11
62,9nti 88
60,469 18
and Reduc'ing Grades, lucluding Land
Miscellaneous Construction
100,270 79
847 00
4,634 34
503,945 19
&
N. Second Mortgage 6
per cent Bonds of 19 18
C. B.
$1,631,418 47
2,298,200
year
Transferred
&
Debt of C. B.
to
Q.
$2,135,363 66
2,2 15,000
Add
Funded
RR. Co
amount charged Construction and Equipment
$2,889,139 14
Accounts during the year
Total
10,704.500
Funded Debt
of Controlled Railroad
30, 1899
13,440,000
Funded Debt of the whole system on
June30, l:i98. was
$15'J,880,400
Net decrease during the year
13,002,700
Funded Debt
June 30. 1899
For detailed statements
of the
$139,877,700
of which see pages 44 to 57 of pamphlet.
LENGTH OF
ROA.D.
of miles of road owned and leased by the Company, Miles.
including all Branches, on June 30. 1898
5,652-47
Mileage leased and operated jointly with other Companies
and Roads for which a fixed yearly rental is paid
20723
Total number of miles operated by the Company June 30,
1898, as stated in the la^t Annual Report
5,85970
Mileage of the C B.
N. RR. transferred from
Miles.
Controlled Roads
370-73
Changes in and re-measurements of tracks
50
&
371-23
pany June
of miles operated by the
30, 1899
Expenditures for Construction during the year on the
standard gauge roads controlled by the Chicago Burlington
& Quincy Railroad Company were as follows:
$56,?84 51
NewBallast
New Hide Tracks
NewBridifing
whole system on
Number
number
740,795 54
charged Equipment Account
415,000
Total outstanding
Total
12,9 79 94
Total amount charged Construction Account during the
$2,148,343 60
year
Cost of New Equlpmant paid for during the year and
8,053,500
Decrease during the year
Total outstanding
for
Sinking Funds and canceled
& N. First Mortgage 5 per
centBondsof 1926
C. B. & N. Equipment 5 per cent
Bondsof 1903
Companies on June
Premium on Bonds paid and purchased
:
C. B.
Total outstanding
for
Com6,230-93
New
Buildings
Terminals at Kansas
(3ity
Less amounts received for Land sold
63,8ti9 3l
58.494 39
81,60S 61
30,866 74
$291,120 ?6
6,803 75
Net amount charged to Construction Account
in the
year
Cost of New Equipment paid for during the year and
charged Equipment Account
Net amount charged Construction and Equipment Accounts duiing the year
„,«o,
$284,31681
200,8 39 52
$185,i56 33
Expenditures for Construction during the year on the
narrow gauge roads controlled by the Chicago Burlington
& Quincy Railroad Company were as follows:
THE CHRONICLE
756
$207 49
New Side-Tracks
Land anil Right of Way
New Fencing
1 25
879 65
$1,088 39
417 86
Less miscellaneous credits
Net amount charged Construction Account during the
$670 53
year
Cost of New Equipment paid for during the year and
charged Equipment Account
Net amount charged Construction and Equipment Accounts during the year
18,688 99
$19,359 52
EQUIPMENT.
There were added to the Equipment of the Chicago Burlington & Quincy Railroad Company during the year, Engines and Cars built or purchased, as follows
:
Engines
Passenger and Combination Cars
Officers' and Pay Cars
Box Cars
2
5
1
800
300
Coal Cars
And for Equipment transferred from the controlled railroads to the C. B. & Q. RR. by the purchase of the Chicago
Burlington & Northern Railroad
58
Engines
24
Passen ger and Combin ation Cars
10
Baggage, Mail and Express Cars
:
2
Dining Cars
Officers'
Way
and Pay Cars
1
29
Cars
Wrecking Cars
Box and Stock Cars
Coal and Fiat Cars
1
2,750
600
The Equipment of the
1899, was as follows
&
C. B.
Q.
RR. Co. on June
30,
:
Engines
Passenger and Combination Cars (*)
Baggage, Mail and Express Cars ( )
Dining Cars
Officers' and Pay Cars
Way Cart*
951
579
199
12
15
42n
0)
Boarding Cars
Wrecking Cars
Box and Stuck Cars C)
Coal, Flat and Ore Cars C)
16
10
28,921
i
7,460
Note.— (*) One Passenger Car changed to a Baggage and Mall Car.
(t) One Way Car erroneously reported last year as a Combination Car.
(t) 380 Coal and Flat Cars changed to Box and Stock Cars.
There were added to the Equipment of the standard
gauge railroad companies controlled by the Chicago Burlington & Quincy Railroad Company during the year,
Engines and Cars built or purchased, as follows
:
Engines
Way Cars
Coal Cars
And for
Keokuk
&
2
4
300
Equipment acquired by the purchase of the
Western Railroad
:
Engines
21
Pasi^enger and Combination Cars
13
Baggage, Mail and Express Cars
Officers' and Pay Cars
Way Cars
Wrecking Cars
Box and Stock Cars
Coal and Flat Cars
4
1
10
1
711
209
[Vol. LXIX.
of operating expenses, including taxes, to gross earnings,
in 1898-9, was 64-84 against 64-98 per cent in 1897-8.
The number of tons moved one mile on the standard gauge
roads increased 2 36-1(0 per cent as compared with 1897-8
while freight earnings decreased 4 16-IO1) per cent. Passengers carried one mile increased 23 78 100 per cent, while
passenger earnings increased 16 14-100 per cent. The percentage of operating expenses to gross earnings decreased 14-100
of one per cent.
Sinking Funds have increased during the year $1,143, 318 22,
of which sum $523,754 94 was paid directly from the earnings of the year, and the remainder, $6)9,563 28. was the
accumulation of interest on bonds held in the funds. This
Sinking Fund increase was used in purchasing $1,095,500
bonds, of which $ 62,0 '0 bonds were canceled and $833,500
remain uncanceled in the Sinking Fund investments.
The purchase, by this Company, of the Chicago Burlington
Northern Railroad, and the various branch roads in the
State of Illinois, as explained bj' our Circular of April 20.
&
1899, has been consummated.* These roads have been held
heretofore through leases, but it was desirable to acquire
the fee simple title, in order to place a direct mortgage of
this Company on the property.
In May last, we acquired, by purchase, all the bonds and
most of the capital stock of the Keokuk & Western Railroad
Company, owning about 255 miles of tailroad in Iowa and
Missouri, and feeding our System at Keokuk, on the Mississippi River.
In connection with the Humeston & Shenandoah Railroad, which was acquired a few years ago, this
makes an east and west line from the Mississippi River to
Shenandoah in Western Iowa, aad the Keokuk & Western
also gives us an entrance to the City of Des Moines from the
southwest.
are building 20 miles of railroad between Grant Citj',
Missouri, and Albany, in the same State, an important link,
which will facilitate business, and are aiding in the construction of a road from Alliance, Nebraska, to Hartville, Wyoming, to reach valuable deposits of iron ore near Hartville.
and develop the intermediate region. It is intended to build
from the North Platte Vallej' southerly to a connection with
our Denver line near Brush station, thus making a direct
railroad connection between the Black Hills and Montana
on the north, and Colorado on the south. From Alliance to
Hartville is about 141 miles, and from the point of junction
of the Denver extension to Brush, Colorado, where we join
our main line, is about 110 miles.
For further details relating to the affairs of the Company,
reference is made to the Report of the Treasurer, and following statements [in pamphlet].
It is our painful duty to report to the stockholders the
death on October 12th, 189"'. of John M. Forbes, the oldest
director of the coi-poration, and for many years Chairman
of the Board and that John L. Gardner, for twenty years a
director, who was elected to succeed Mr Forbes as Chairman, died on the 10th of December following.
By order of the Board of Directors,
CHARLES E. PERKINS, President.
We
;
There wf re deducted from the Equipment of the standardINCOME ACCOUNT.
gauge railroad companies controlled by the C. B. & Q. RR
Burlington
The
Chicago
& Quincy Railroad Company, m
Company for Equipment transferred to the C. B & Q. RR.
Account with Income account. Junk 30, 1899.
on account of the purchase of the C. B. & N. RR. Engines
D SBIT.
and Cars, as stated above.
1898— Balance as per Annual Report of 1897-8.. $12,252,236
The Equipment of the controlled railroad companies on June 30,
$22,736,132
June 30, 18y9.—Freight Earnings
June 30, 1899, was as follows
Passenger Eainlnss
7,025,498
:
Engines
Passenger and Combination Cars
Baggage, Mail and Express Cars
Dining Cars
Officers' and Pay Cars
Way Cars {')
Boarding Cars
Wrecking Cars
Box and Stock Cars
(t)
Flat a nd Coal Cars (t)
Note.— (*) One Box Car changed to
changed to Box Cars.
(
Miscellaneous Earnings
179
93
45
2
Way
Car.
trolled
Rohds
$786,049
Dividends ou Stock of Controlled
Roads
721,793
398,404
Other Interest and Income...
2
6
3,381
1,5^0
Five Flat Cars
(t)
899
33,163,529
96
.'
1,
Interest on Securities of Con-
5
>
3,40
1,906,246
Net Receipts from
Land Grant
B.<&
M. RR. in Nebraska
84,G96
$47,406,708
on EDIT.
There were added during the year to the Equipment of the
narrow gauge railroad companies controlled by the Chicago Operating Expenses
Rent of Tracks and Depots
Burlington & Quincy Railroad Company
Taxes. State, County and City
Ore Cars
5 War Revenue Taxes
The Equipment of the narrow gauge railroad companies Interest on Bc»nds—
Chic. Bur. v Quincy RR. and Branches
on June 30, 1899, was as follows
Cash Paid to inking Funds for—
$19,700..128
:
220.7H0
1,28^,922
5s,609
6,690,527
:
Engines...
18
Passenger and Combination Cars (')
16
Baggage, Mail and Express Cars (*)
4
Way Cars
4
WrechinK Cars
5
:
Box and Stuck Cars
311
Flat, Coal and Ore Cars
296
Note.— (*) One Baggage and Mail Car reported last year as Passenger and Combination Car.
GENERAL REMARKS:
The actual length
C.B.&Q 580f
C. B. & Q. 4s &
1901
$59,250
58 of 1919 (Iowa
232 530
Division)
C. B.
C. B.
&Q
48
of 1921
43,000
&
Q. 4s of 19z2 (Denver Extension)
C. B. & Q. 4s of 1927 (Neb. Ex.)..
M.
in Nebraska 4 per
B.
cent. Bonds
66,940
Lincoln <fe North Western RR. 7
per cent Bonds
6,000
.
&
RR
79.680
36,355
523,755
gauge road operated by the Dividends—
Chicago Burlington & Quincy Railroad Company and con$1,238.^95
Septeuji'er 1 5, 1898, 1^ p. c
l,-2e5,l08
December 5,1 98, li^p. c
trolled companies on June 30, 1899, was 7,419 miles, against
15,1x99.
1,329,-527
l^p. c
March
7,180 miles on June 30, 1898.
1,405,142
June 15, 1899, 1>2P. c
The average number of miles of standard gauge road oper$5,238,371
$'3.-16,492
ated by the Chicago Burlington & Quincy Railroad Company
13 690,216
and controlled companies in 1898-9 was 7,249 miles, against Balance at credit of Income Account
7,180 miles in i897-8. The gross earnings per mile of road
$47.406.-08
operated were $5,941 75 in 1898-9, against $5,96 03 in 1897-8.
The operating expenses, including taxes, per mile, in 1898-9,
* Ttie C'lroular of April 20, 1899, will be found repDnted on pages
were $3,847 72. again.st $3,873 38 in 1897-8. The percentage 64 to 66 of the Pamphlet Report.
of standard
1
OCfTOBER
7,
THE CHRONICLE
1899.]
GENERAL ACCOUNT.
ik
DEBIT.
R. B. R. (Iowa) Stock.
$93,725,400
$28,917,000
7,000
BondP. payable July 1,1903
€. B. AQ.ConsolidaiedMortpa^eBond Scrip.
Sinking Fund 5 per cent
C.B
Bonds, payable Oct. 1, 1901 . $2,500,000
Less amouut pure liased forSink185,000
ing Fund and Oiti celed.
&0
C
instalments.— V.
Chicago & Iowa Division 5 per
cent Bonds, payable February 1. 1905...
B. &M. R. R. B. in Nebraska Consolidated
Mortgage Sinhing Fund 6 per cent Bonds,
payable July 1, 1918
B. & M. R. RR. in Nebraska Sinking Fund 4
per cent Bonds, payable January 1, 1910.
Republican Valley RR. Mortgage Sinking
Fund 6 p. o. Bonds, payable .July 1, 1919.
Ottawa Oswego 4 Fox River Val. 8 per cent
Bonds, payable July 1, 1900
Qulncy Alton & St. Louis 5 per cent Bonds,
payable February 1, 1902
Chicago Builington iv Northern First Mortgage 5 p. o. Bonds, payable Oct. 1, 1899..
Chicago Burlington & Northern EoLUipment
5 per cent Bonds, pay able Feb. l 1903
Q
,
.
3,542,700
2.320.000
benture stock.— V. 68,
—
13,464,000
capital of $3,0l 0,000. —V. 69, p. 647.
3,347,000
SoW—
At the sale on
Spartanburg (S. C.) Waterworkp.—
Oct. 2 the property was bid in by John B. Cleveland for
$1U2,8 0.
1,078,000
1,076,000
Sasqnehanna Iron & Steel Co.— Dividend.—The company
has declared a quarterly dividend of 6 per cent (30 cents per
share), payable Oct. 16 to stock of record Oct. 7. V. 69, p.
8iO,000
—
7,914,000
132.
908,000
.
payableMarch 1,190'
1,125,000
Llncolu & Nonh Wesiern RR. Sinking Fund
7 per cent Bonds, pa^ able Jan. 1, 1910..
600,000
1,725,000
Matured Coupons, not presented
Coupon Interest to mature Julv 1, 1 899
Unpaid Vouchers and Paj -Rolls
Sundry current at C'>uat3
Subsiripiion P»yment8 under circular of
Apm20, le99
82,761
IH,580
1,450,804
1
,6
3,069,364
Elevator.
15,115.820
13,297,355
I<',0()0,0u0
13,t 90,216
SiTikina Funds, showing the total of payments to and
aeertiions of Sinking Funds for—
€. B. & Q. 5 per cent Bonds of 1 901
2,080,033
C. B. & CJ 4 and 5 per cent Bonds of 1919
(Iowa Division)
3,721.795
1,102,552
C. B. <fe Q 4 per cent Bonds of 1921
O. B. & Q. 4 per cent Bonds of 1922 (Denver
of li^lO
Republican Valley RR 6 p.o. Bonds of 1919
Lincoln Us North Western RR. 7 per cent
Bonds of 1910
4,716,383
2,024,770
344,4 28
19,277,294
$291,543,785
CREDIT.
Construction Accounts:
of Construction and Equipment.
iDcinding co.st of Branch Roads, reported
Amount
$206,634,133
for Construction in the
1899
for Equipment In the
jearended Juue 30, 18ny
That pai t of the cost of the railroads purchased as authorizrd by the stockholders
at the >-peclal meeting lieli on May". 0,
1899, not heretofore charged in Coastructlon Account
Amount shown June 30, 1^98, In "Cost of
Investments in the Securities of Controlled
Roads" trausferre lo Construction Account on account of the purchase of the C.
B. AN.
RR
—
Co. has been incorporated in Missouri with $250,000 capital
stock (half preferred, all in $lO<t shares) to control the Merchants', Central B and Union Depot elevators, of St. Louis,
formerly owned by the Consolidated Elevator Co., but foreStorage Co. has
closed Sept. 25. The St. Louis Elevator
been incorporated to take over the St. Louis Elevator.
—See V. 69 p. 704.
&
194,883
Total
—
United Elevator & Grain Co.— St. Louis Consolidated
New Company. The United Elevator & Grain
1927 (Ne-
braska Extension)
B. & M. R. KR. in Nebraska 6 per cent Bonds
of 1918
B. <& M. R. RR. in Nebr aska 4 per cent Bonds
United States Cast Iron Pipe & Foundry Co.— Wisconsin
Co.— Lake Superior Steel Co.— .Eamtngrs, —No dividend was declared at the meeting Sept. 26 of the directors
of the U. S. Cast Iron Pipe & Foundry Co., but according to
Steel
2,023,090
9.533,000
and Loss
Renewal Fund
Income Account
Exten-lou)
Union Ferry Qo.—New Director.— 3. D. Fairchild, President of the Kinps County Trust Co., has been elected director
in the place of H. B. HoUins.— V. 69, p. 593.
the Cincinnati " Enquirer" figures furnished the Cincinnati
stockholders show that the company, since its organization in
March, and actual operation from March 13 has earned net
up to Aug. 1 5350,000; and net earnings for the month of
Jnly, $116 800. These figures are confirmed.
Sold. The company has just completed a deal with the
Lake Superior Steel Co. by which that company purchases,
it is said for 8300.000, the steel mill near Lake Superior heretofore run in connection with one of the branches of the pipe
company, and formerly owned by the Wisconsin Steel Co.,
the successor of the West Superior Iron & Steel Co. John E.
Searles is look* d upon as the head of the Lake Superior Steel
Co.- (See V. 69, p. 82,647.)
2,4-.;9,675
Profit
June 30, 1898
p. 826.
Sharon Steel Co.— Incorporated. As expected, this company was incorporated at Harrisburg, Pa., on Oct. 2, with a
124,712,700
of
;
;
Contingent Liabilities for Branch Roads:
Atchison & Nebraska RR. 7 per cent Bonds,
Bonds
69, p. 647.
San FrancJsco Breweries, L\miteA.— Application to London St ck Ejchnnue. — Application has been made to the
London Stock Exchange for special settling day and quotation for the company's eight per cent cumulative preference
shares of £1 each ordinary shares of £1 each and 6 per
cent first mortgage debenture stock. The plan of reorganiza ion was in V. e-^, p. 826, providing for the is^ue of £84,000
ordinary stock, £126,000 preferred stock, and £400,000 de-
26,077,C00
Amount expended
$291,543,785
7,9R8.000
9,000,000
Convertible 5 per cent
Bo. d«, pa able Sept. I, 1903 $15,278,700
Leas am'nt converted into Stock 11.736,000
•«•,
1290,163
4,074,351
7,093,784
4,300,000
& Q.
year ended June
194,f 82
Royal Electric Co. of Montreal.—5focfc Authorized.—The
* Q. Sinking Fund 4 per cent Bonds,
payable S-'piemiier 1, 1921
B & Q. Sinking Fund 4 per cent Bonds,
payable Feb, 1. 1922 (Denver Extension).
C. B & Q 5 p 0. Bonds, payable May 1, 1913,
C. B. Ji. Q. Nebraxba Extension
Mortgage Sinking Fund 4 p. c.
Bonds, payable May 1. 1927..$29,441,0C0
Lessaniount purcbased for Sink3,364,000
ing Fund and canceled
Amount expended
154
4,716.383
2,024.770
344,428
stockbolciers on Sept. 26 authorized the increase of the capiOf the new issue,
tal stock from $1,500,000 to $8,000,000.
$750,000 was offered to shareholders of Sept. 30, payable in
C. B,
Q. 4 per cent
1,102,.=S52
2,023,090
1
8,874,000
&
4 percent Bonds of 1921.
4 per cent Bonds of 1922
4 and 5 per cent Bonds of 1919..
& M. R RR. in Neb. 6 p.c. Bon^ 8 of 1918
& M. R. RR. in Neb. 4 p c. Bonds or 1910
Republican Valley RR. 6 p.c. Bonds of 1919
Lincoln & North Western RR. 7 per cent
Total
towa Division Mortgage Sinking fund 4 percent
9. .$12,502,000
1 9
BondP, payable Oct.
Less amount purchased for Sink3,628,000
ing Fund and canceled
O. B.
& Q.
& Q.
&Q.
12.458,298
C. B. A. Q.
<k
—
Cashonhand
2,765,000
C. B.
C.
C. B.
C. B.
O. B.
B.
B.
12,310,2.50
Bondp, payable O t. 1.1919.. $3,000,000
Less amount purchased for Sink235,000
ing Fund and oanotled
C. B.
5.315,948
5,126,512
3,5S5,631
1,886.615
the cost of^inran-
Current Accounts:
Sundry Available Securities
Sundry Accounts and Bills Receivable
Iowa Division Mortgage Sinking Fund 5 per cent
Q.
,
9,33fi,l96
34.422,984
3 618,269
1,981,326
Bondsof 1910
2,315,000
i
9,172.081
and cash awaiting investment held in
Sinking Funds fin
$1,903,904
B. &Q. 5 per cent Bonds of 1901
celed xeeurities
$93,724,000
1.400
& Q. Consolidated Mortgage 7 per cent
&
&
Sundry Investments
Materials on hand for future use
TrustC'S of Sitiking Fund, showing
Funded Dtbt—
C. B.
&
Co
Keokuk & Western
Narrow Gauge Railroads
820,028 Shares O. B. & Q. Stock
$82,002,800
reported June -0. 1898
117,212 Shares O. B. ife Q Stock
iBoued during the year for C.
B. <& Q. 5 per cent Bonds of
11,721,200
1903 converted
C. B.
Cost of Investments in the Securities of
Oonirolled Roaus:
Hannibal
St. Joseph RR. Co.
Northwestern RR. Co..
St. Louts Keokuk
Kan. City St. Jos. & Council Blufifs RR. Co..
Kansas City Ry. Co..
Chicago Burlington
&
RR
Capital Stock—
& M.
%a2b,7Sa,(>8f
Brought forward.
Thb Chicago BrELiNOTON & Qcincy Railboad Compahy
General AcconNT, June 30, 1899.
14 Shares B.
767
2,148,344
740,796
United Fruit Go.— First Dividend.— &. quarterly dividend of 2y2 per cent will be paid Oct. 16, 1899, in Boston, to
stockholders of record Sept. 30, 1899. The stock is all of one
class, the authorized issue being $20,000,000, of which $10.471,100 has been issued, $10,271,100 of this having been listed
Oct. 4 on the Boston Stock Exchange. Par value of shares
$100.
Andrew W. Preston is President and Charles A. Hubbard is Treasurer, 60 State St., Boston.- V. 69, p. 693.
United States Glucose Co.— United States Sugar Refining Co., Wankegan, hi.—Plaht 0/.ened— The company's enlarged plant at Waukegan, III,, was put in operation on
Monday. See prospectus V. 68, p. 1134.
United States Leather Co.— Proposed Stock Adjustment.—
Thedireciors on Tuesday adopted a resolution recommending to the stockholders the adoption by them of some plan
to carry out the recommendations of the committee with
reference to the pajment of dividends, etc., viz.:
—
12,748,491
4,480,844
$226,752,658
THE CHKONJCLE.
758
[Vol. LXIX.
"That the arrangement respecting the payment of dividends
on the preferred and common stock be modified so that the
preferred stockholders shall surrender all claim to dividends
already accumulated on the preferred stock, agree to the
abolition of the provision which gives to such stock a prior
claim to the cumulative dividend of 8 per cent, and in place
thereof accept non-cumulative dividend of 6 per cent; and in
consideration of such concession on the part of the holders
of the preferred stock, that the holders of the common stock
of the company be recommended to surrender to the preferred
stockholders 50 per cent of their holdings of common stock."
"While the board is advised by counsel that the above resolution is in no way binding upon the company or its stockholders, yet the proceedings of the meeting are made public
as the opinion of the directors. One account says: "The
directors expressly disavow that any one will be forced to
come in. The plan will not be submitted to the stockholders
for formal approval, it is stated, but individuals who choose
to do so will turn in their shares and have them stamped as
consenting to the plan. Those who do not choose to do so
will remain in precisely the same situation they are in now.
This will leave four classes of stock."
Possible Opposition. Some of the common stockholders, it
is stated, object to the plan and propose to ask the courts to
pass upon the matter, the point being raised that under the
laws of New Jersey, as the Incorporation Act read when the
company was organized (it has since been amended in this
respect), it is questionable whether unearned dividends could
legally be made accumulative. V. 69, p. 453.
—
—
—
Tirginia Iron Coal & (Joke Co. New J^qui&itions. The
company has purchased extensive additional iron ore properties in Alleghany and Craig counties. Tenn., and 6,575 acres
ore and coal lands in Wise County, Va. V. 69, p. 338.
—
"Wagner Palace Car Q,o.— Official Statement.— The company's outstanding capital stocK ($19,730,050) was placed in
the unlisted department of the New York Stock Exchange
on Julv 14. Tbe official statement recently issued says:
Organized in 1858 under the laws of New York; a joint stock company or copartnershp. Authorized capital stock, $20,000,000, par
value of sharps $100 each (stockholders are personally liable); outstanding, $19,730,050. Capital stock in hands of Trea9urer,$269,950.
Kegistrar. Knickerbocker Trust Co.
Transfer Agent, T reasurei's
office, 51 East 44th St., N. Y.
The company's plant )o at East Buffalo,
N. Y., on the New York Central Railroad, and has pufflcient canaeity
to kf ep the cars of the company in repair and to build one or two hundred sleeping cars or a proportionately large number oi passenger
coaches and baggage cars annually. No bonded debt.
Dividends 8 i)er cent per annum, payable on the 4th day of each
month. All betterments and construction of new cars are tlrst charged
against earnings, leaving the net earnings for last year, viz., ending
June 30, 1898, $1,214,682, the balance of the dividend being taken
out of our accumulated surplus. J n other words, in the pasttwo years
we have been spending our surplus in the construction of new oars
and betterments.
Seward Webb (PresidentK James D. Taylor (SecreDirectors.—
tary and Treasurer), William K. Vanderbllt, Frederick W. Vanderbllt, 8. F. Barger, E. V. W. Rossiter, H. Walter Webb, Chauncey M.
W
.
Depew.
The dividends have been paid for many years. The
— rate
was increased from 6 to 8 per cent a few years ago. "V. 69,
p. 333.
Whitebreast Fael Co.— Iowa & Illinois Coal Co.— ForecZoswre.— Judge Jenkins in the United States Circuit Court
has entered a decree of foreclosure against each of these
companies, the amounts due being $417,047 and 8674,595,
respectivelv. See Investors' Supplement of September,
1894, and V. 67, p. 748.
"Woods Motor Vehicle Co.— Officers. The following direectors and officers are announced:
Directors -John W. Maokay, August Belmont, Dr. W. Seward Webb>
Charles Miller, J. Wesley Allison, of New York; George A. Cox, Fred^
erick Nicholls. W. D. Mathews, H. P. Dwight. A. E. Axes, J. W.
—
H
Flavelle, of Toronto; Sir William C. Van Home, of Montreal,
A.
C. E. Woods, Ben.jamln V. Becker, Godfroy H. Atkin, of Chicago.
Officers— President. Frederick Nicholls; Vice-Presidents, J. Wesley
Allison, A. E. Arms; Secretary, P. E. Chandler.
Ware,
The company was incorporated
in
New
Jersey last Apri^
with $10,(00,000 authorized capital. It proposes to manufacture and operat*^ motor vehicles in Chicago. See full particulars "Chicago Journal"' of Oct. 3, page 8; also V.68, p. 736.
—The firm of Morton, Bliss & Co. ceased to exist September 30, and is succeeded by the Morton Trust Company,
incorporated under the laws of the State of New York with
a capital of $1,000,000 and a surplus of $1,500,000, both paid
in in cash. The Trust Company conticties the business of the
late firm of Morton, Bliss & Co., and the Hod. L. P. Morton,
the founder, is Chairman of the board of directors of the
The directors of the new trust
successor corporation.
company will be found in the advertisement on another page.
—
&
Co. have issued a new sheet
Messrs. Pfaelzer, "Walker
of quotations for inactive and unlisted steam railroad bonds.
They claim that this is the most complete list they have ever
issued. The firm now has offices in Boston, New York and
Philadelphia, and are therefore particularly well situated to
handle orders in the various markets.
—"Weaver, Raborg & Co. (Drexel Building) of this city
have issued an interesting printed circular in regard to the
American Woolen Co. It gives facts and figures furnished
by the officers of the company.
—
Messrs. D. S. "Willard and John T. Keane have entered
Co., Messis. "W. T. Gray and
the firm of Howard Lapsley
J. "W.
&
Lapsley retiring.
COMMERCIAL
EPITOME.
Friday
Night, October 6, 1899.
and uneasine3S over the
Great Britain and the
The continued tightness
of money
political relations existing between
Transvaal have received considerable attention in speculative circles, and have had their influence upon the course of
values. These factors, however, have had comparatively
little influence in regular trade channels.
The movement of
merchandise into consumption has continued on a liberal
scale, satisfactory conditions being reported in practically all
lines of trade, with prices in the main favoring sellers. Confidence in the future prospects for trade also has continued
quite pronounced. On Tuesday, Oct. 3, the Arbitration
Tribunal of the Venezuelan Boundary case handed down its
decision, which, it is thought, largely favors Great Britain.
Sept.
stocks of Merchandise.
Pork
Lard
tos
robacco, domestic
.
Sugar
Sugar
tfolaases, foreign
Hides
Oottou
Sosln
hhds.
bags.
bags.
mate.
hhds.
bags, Ac.
hhds.
No.
bales
bbls
SplritBtorpentlne...
bbls
bags.
Linseed
hags
Saltpetre
Jute butts
hemp
hemp
—
150, b39
24,199
:i,056
504
5,000
8,0i0
None.
8,C00
None.
1,314
6,619
75,800
bags.
bales
bales.
Manila
Flour
31
bbls.
.
.
..
bales.
bbls.and sacks
Oct. 1,
Oct. 1,
1899.
1898.
6,842
17.186
10,363
741,137
96,738
112,535
31
19,010
None.
14,300
145.765
25,197
1,015
1,337
2.700
23,101
None.
13,500
bbls.
Tar.
810©, E. I
aice, domestic
^'isal
7.474
13.759
10,316
679,149
110,238
125,758
bblfl.
Ooffee, Rio ...
Ooffee, other
Ooffee, Java, Ac
1
lsa9.
15,902
9,947
14,9(0
653,827
123,618
97.055
641
216,326
None.
48,600
52,160
39.581
1,456
776
8.3 JO
4,200
1,180
None.
7,5(0
None.
2.600
7,500
88,900
None.
6,300
None.
13,465
67,244
79,000
Lard on the spot has been quiet both in the local and Western markets. Exporters have been light buyers and the demand from refiaers has been quiet: prces have been easier,
closing at 5 80c. for prime "Western and 5"50c. for prime City.
Refined lard has had only a limited sale, and prices have
weakened slightly, closing at 6 150. for refined for the Continent.
Speculation in lard for future delivery has been
quiet, ard there has been a gradual sagging of prices under
selling by packers and in sympathy with easier market for hogs.
DAILY CLOSING PRICES OF LARD FDTURES.
Mon.
Sat.
Tues.
Wed. Thurs.
Fri.
October
Hoi.
590
5-85
5-30
5 87
5-80
Pork has had only a small sale but prices have held steady,
closing at $9 35(39 75 for mess. Cut meats have been in fair
demand and firmer. Tallow has been firm but quiet at 5};^c.
Cotton seed oil has advanced, but the close was quiet at
30c.@31c. for prime yellow. Butter has been in fair demand
and firmer for desirable grades. Cheese has been in demand
and higher. Fresh eggs have had a fair sale at firm prices.
Brazil grades of coffee have continued to meet with a fair
distributing sale, and at steady to firm prices. The market
for invoices has shown a good undertone, reflecting firm
advices from primal points, closing at S^^c. for Rio No. 7
on the spot. West India growths have had only a limited
sale, but prices have held steady, closing at 7i^@8c. for
good Cucuta. East India growths have been quiet and unchanged. Speculation in the market for contracts has been
on a moderate scale, and prices have advanced on scattered
buying by outsiders for investment account. The close was
Following are final asking prices
fairly active and higher.
4-5'^c. Jan
4-85C. May
Oct
5-10o.
Nov
4 60c. Feb
4-95o. June
5*15c.
4-800. March
5COo. July
Deo
5'25c.
Raw sugars have been quiet but steady. Offerings have continued small, closing at 3 13-16c. for centrifugal, 96 deg. test,
and 4 5- 16c. for muscovado, 89 deg. test. Refined sugar has
been in moderate demand and steady, closing at 5i^@5 3- 16c.
for granulated. Teas closed quiet.
Kentucky tobacco has been in fairly active export demand
and firm; sales have been 250 hogsheads. Seed leaf tobacco
has been in more active demand and firm. Sales for the
week were 2,855 cases, as follows: 1,000 cases 1898 crop. Wisconsin Havana, 9@10i^c. 300 cases 1897 crop, Wisconsin
Havana, 10@12c.; 100 cases 1896 crop, Wisconsin Havana,
ll^@l3c.; 250 cases 1897 crop, Zimmers,16@16i^c.; 300 cases
1897 crop, Zimmers. 13@15c. also 400 bales Havana at 60
@90c. in bond and 300 bales Sumatra at 85c.@§r60 in bond.
Straits tin has been in fairly active demand, but prices
have weakened in response to easier foreign advices. The
Ingot copper has continued
close was firm at 33 •25@32'50c.
in moderate demand and steady, closing at IS^^^c. for domestic. Lead has been moderately active and steady at
4'60@4- 621^0. for domestic. Spelter has been steadier, closing at 5 "45(2)5 "550. Pig iron has been in fair demand and
firmer, closing at |19(a.|33 50 for domestic.
Refined petroleum has continued to advance, closing at
Naphtha
8-95c. in bbls., 645c. in bulk and I0'20c. in cases.
firm at lO'SOc. Crude certificates have been neglected.
Credit balances have been firm at $1 50. Spirits turpenRosins have
tine has been quiet but steady at 53c.(«'52J>^c.
been dull and unchanged at $1 25(ai 27J^. Hops have been in,
fair demand and steady.
Wool has been less active and
;
;
slightly easier in tone.
1
October
7.
1899
THE CHRONICLE
]
COTTON.
Feiday Night, October 6, 1899.
The Movement of the Crop, as Indicated by our telegrams
from the South to-night, is given below. For the week ending
evening the total receipts have reached
this
284., 073
Ghalveston
20,076
425
Tex. caty, &o.
Few Orleans. . 20,267
618
999
Mobile
Fensaoola, &o.
Savannah
Oharleston...
Pt. Royal.&o.
Wilmington....
Fri.
Total.
13,274 18,286 16,654 102,363
8,799 14,999 11,534
681 1,172
1,281
8,469 12,870 10,745
2,760
501
1,295 2,568
Bmnew'k.&o
Thun.
Wed.
Bat.
5,149
1,805
1,516
868
68,936
5,171
2,594
53.470
8,928
9,694
141
14.873
47
13,206
1,595
3,752
6,168
2,009
8,055
9,579
443
8,188
969
450
141
4,512
47
1,282
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert Barrows. Produce Exchange Building.
We
&
bales,
against 253,314 bales last week and 204,198 bales the previous
week, making the total receipts since the 1st of Sept., 18£9,
1,031,373 bales, against 1,044,015 bales for the same period of
1898,showing a decrease since Sept.l, 1899, of 19,643 bales.
BeceipU at—
769
ON 8HIPBOAJCD, NOT OLEARBD FOB—
Oct.
New
Leaving
6 at
Qreat
Other
Britain. France. Foreign
Orleans...
Galveston
Savannskh
Oharleston
Mobile
Norfolk
1.733
34.406
3,000
3,700
8,000
2.500
Ooattwise.
805
1,0(10
None.
500
None.
None.
None.
23 001
73,801
35,000
11,660
9.000
8.500
3.200
25,000
16.009
15.407
30.000
7,460
4,454
05
2,000
15.!-
None.
None.
None.
ttoek.
Total.
8.033
185,995
39.295
73,979
15,918
14,585
15,270
131,230
33,980
700
1,000
12.000
None.
None.
1,500
13,000
66,039
23,359
84,376
15,338
189,162
510,252
Total 1898.
109,936
Total 1897... 9f^,179
17,999
29,468
80,087
77.497
5,434
16,635
213,456
218.779
427,976
293,852
New York
Other ports
Total 1899...
.
6,000
Speculation in cotton for future delivery has continued t o
fair amount of animation.
Still the trading has not
Waah'ton,&o
been on as extensive a scale as during the preceding week.
2,430 2,273
1,894
3,015 2,312
Norfolk
After the three holidays from Thursday until Monday the
386 market opened at a sharp advance, and for the day prices
336
N'p't News, &o
showed a net gain of 31 to 34 points. Foreign advices
New York
831 came decidedly stronger, frost reports from the south and
179
342
187
100
23
Boston
1,615 free buying by Continental shorts advancing the market
1,348
297
Baltimore
920 abroad. Locally the stronger advices from abroad, together
296
125
131
318
50
PMladel'a, &o..
with the frost reports from the cotton belt, a comparatively
Tot. this week 60,566 48,675 46,8381 41.747; 38.349 47,898 284 073 small movement of the crop, and the decided strength s hown
The following shows the week's total receipts, the total since by the Southern spot markets, induced extensive buying by
outsiders for investment account, on which prices advanced
Sapt.l, 1899, and the stock to-night, compared with last yeai
sharply. There also was considerable buying for Southern
Sto
1898.
1899.
account. Tuesday there was a reaction in prices of 9 to
Seeeiptt to
Since
Sep.
Sep.
Thit
Since
10 points.
The advices received from the South stated that
Thi$
1898
1899
Oct. 6.
the frost reported had done no serious damage. Foreign adweek.
1,1899.
1, 1898.
xotek.
vices were disappointing, and there was considerable selling
368.140 113.096 191,211
Galveston. 102,363 317.775 109,443
by recent buyers to realize profits. The high rates for money
946
4,377
4,541
Tex. C&o.
868
also had some influence against the market.
Wednesday
New Orleans 68,936 234,949 73,467 236,198 208,996 143,374 there was a steadier market, prices showing a slight
23,535
30.720 gain,
32,030 11,769
34,358
MobUe
5,171
and on Thursday there was a further advance
10.208
7,500
7,500
2,594
P'saoola, &o.
of
9 to 10 points on
buying, largely by local bull
83.975 operators and the South, stimulated by stronger foreign adBavannah... 53,470 215,067 56.308 171.507 108,979
11,246 vices than expected and a comparatively light crop move8,902
17,9dl 12,697
24.834
Br'wiok.&o
8.928
48,076 ment. The South continued to report firm prices for cotton,
27,578
70,787
61,504 27,644
9,694
Charleston.
191
50
141
50
P.Royal,&c.
exclusive of Texas, some dealers reporting prices slightly
23,663
42,882 easier in that State. To-day the market opened 7 to 10 points
65,590
70,539 21,856
Wilmington. 14,873
--.,
203
167
47
63
Wash'n, &c.
lower under weaker foreign advices, recovered part of the
23,770
22.737 loss on scattered buying, but during the afternoon again
49,610
42,857 21,152
Norfolk
13,206
2,035
308
1,036
386
turned easier and declined rather sharply under free selling
N'portN.,&r
52,175 by longs to realize profits.
700
700 134,430
3,191
The close showed prices 16@19
New York..
13,050
8,000 points lower for the day.
Cotton on the spot was firmer
6,625
8il
3,636
1,157
Boston
9,887
3.568 prices advanced 5-16c. on Monday, l-16c. on Wednesday and
599
1,048
4,854
Baltimore
1,645
The close was quiet at 7 5 16c. for mid572
1,402
3,528
3,468 l-16c, on Thursday.
920
2,818
Phlladel.&o.
dling uplands.
641,432
284.073 1,024,373 346,231 1,044,015 699,414
Totals
On the basis of the rates on and off middling as established
In order that comparison may be made with other years, by the Revision Committee, the prices for a few of the
grades would be as follows:
we give below the totals at leading ports for six seasons.
1,927
2,384
1,610
2,072
2,208
show a
.
;
.
Eeeeipti at—
1898.
1899.
103,231
68.936
5,171
Savannah
53,470
9,835
Chas'ton, &o.
14,920
WUm'ton, &c
Norfolk
13,206
Galve8'n,&o.
New
Orleans
Mobile
.
386
N. News, dec.
All others...
Tot. this wk.
14,918
284,073
1897.
110389
73.467
11.769
56,308
27,694
21,919
21,152
308
23,225
346.231
1895.
1896.
94,103
51,374
7,858
51.419
21,867
18,723
27,928
72,806
118,153
12.628
41,408
22,659
13.525
37,106
697
973
19,029
14,972
293,004
334,230
Since Sept. 1 1024373 10i4015 1115,668 1338,050
60,616
90.404
10,903
49,587
21,313
12,469
13,141
8,535
7.517
274,485
1894.
82,596
104,547
11,195
48,056
18,143
13,800
17,229
6,613
16.637
313,816
6,
1899.
Itom—
exported to—
Great
Oont»- Jotal
Qreat
France
France
BriVn.
nent. Week. Britain.
41.801
Qalveston
Tex. City, 4o..
22.924
16.923
214
New Orleans.
18.837
9.779
999
1,390
85.035
80,618
214
63.681
MobUe
Conti.
nent.
Savannah
23.075
6.800
.
.
Charleston...
Port Royal...
Wllmlnrton..
Norfolk
N'port N., &c..
New York....
Boston
Baltimore
PhUadelphla.
7.900
..
Middling..
Middling
Good Middling.
Middling Fair...
GULF.
46,680
46.310
197.231
81.971
84,328
1,821
41.6i2
117,641
1,221
8,930
2,289
29.875
3,072
1,499
5.078
14,774
13.073
51.351
7.900
7.900
9,'
49
8,572
21.267
79.198
7,900
2H.S39
10.600
e.308
60.778
59.084
1,492
4.492
7.T23
1.077
8.805
499
489
499
13.156
31,512
17,360
7.012
..•*>
ie.600
2.674
7.703
883
9,591
7,703
506
505
....
2.980
37.296
12
600
2,423
64.913
17.372
10.0; 5
2.980
2.980
2,980
106.904
43,678
79,960 280,642
298,879
92,284
251,463
640.6^6
128,081
31,250
46.635 205.875
282.193
17,240
167.298
496,728
Til.
Fri.
65ia
638
71l6
79ie
7I18
7''8
7'^8
7^°16
6I4
615i6
83,g
6J4
eibie
7
77 6
7%
71a
713.6
83iB
8H
mon Tnes Wed
Sat.
Low Middling
51I18
611,6
Holiday.
Good Middling Tinged.
616ie
73,8
5%
6%
511,6
611,6
616,6
73,6
7
714
7i58
6%
85i«
85l8
Til.
Fri.
513,6
613,6
71,6
7616
I
513x6
613,6
71,6
75,6
The quotations for middling upland at New York on
of the past 32 years have been as follows.
Oct. 6 for each
1899. ...0. 75,8
1898
57,6
1897
638
1896
8^8
1895
9^8
6I4
1894
1893
86,6
8i8
1892
1891. ...0. 811,6
1883. ...0.109,6
1890
1889
1038
1888
1887
1886
1885
1884
105,6
97,6
97,B
101,6
10i«
1882
1881
1880
1879
1878
1877
1876
10%
1875.... 0.1354
I518
1874
1838
1873
llSfe
11%
19%
1872
2014
1871
I6I4
lOifl
1870
27%
1869
115,6
27
10^8
1868
Note.—On Oct. 1, 1874, grades of cotton as qiaoted were changed.
According to the new olassitioation Middling was on that day quoted
380. lower than Middling of the old classlHoatlon.
MARKET AND
Market
Closed.
.
,
!
Sales of Spot
Ex-
Oon-
Oon-
sump.
tract.
.
.
Total.
.
Firm...
1,386
Steady
Steady
Steady
2,539
200
820
725
819
200
6,289
B'rly steady.
!
& Oontraoi
port.
..HoU day
Saturday
Monday.
Steady at ^le B.d.
Tuesday ... steady
Wednesday Steady at 1 6 ad.
Thursday.. Steady at 1,9 ad.
Friday
Quiet.
Total
115,6
1038
SALES.
Futures
Sfot Market
Closbd.
499
6.101
\¥ed
?^«
713
715i^
7%
Middling
81]6
7ifl
Middling Fair..
Strict
8ii«^
Hi
Good Middling..
Middling....
8
6%
o
Middling..
Middling
79i6
6iiie
W
Low
6ie
6i3,e
7B16
6
Mon Taes
Fri.
Til.
6J«
6l3i6
75l6
7«8
6
611,6
73i6
Sat.
Good Ordinary.
XVed
W
o
Low
.....
San Fran.. 4c.
Total
lotal
101.211
3,930
Pensaoola
Total. 1898
Sept. 1. 1899. to Oct 6, 1899.
Exvorted to—
Manortt
Brunswick
From
Good Ordinary.
793.724
724 1047,450
for the week ending this evening reach a toi al
of 230,543 bales, of which 106,904 were to Great Britain, 43,678
to France and 79,960 to the rest of the Continent. Belo^
are the exports for the week and since Sept. 1, 1899.
mon Taes
Sat.
STAINED.
The exports
H'teh JBndlnfl Oct.
UPLANDS.
4,800
1,700
371
6,186
4,239
1.191
925
819
6.871 13,360
THE CHRONICLE.
760
FUTUitEe.
— The
AT-
DNE—
PRIL—
CloslnRange DOD8T
Closln Range
Closln Range
CloslnRange
Closln Range
Closln
Range
ARCH-
Closln Range EBRDA
CloslnRange
CloslnRange ECEMB
CloslnRange OVEMB
the
movement—that is the receipts
week and since September 1, the shipmente for the
week and the stocks to-night, and the same items for the
aorresponding period of 1898— is set out in detail below.
for the
IN
DLY
Closln Range
At the Interior Towns
of
=i^Bt>2'»l^'0!?C
»
1
highest, lowest and closing prices
are shown In the following table.
New York
Futures at
[Vol, LXIX.
CloslnRange
CAR
—
?:^ «:
«;
«;
WJ;
1
1
•
•
•
i
•
1
::T
1
i;:ea;:H f
1
(J,.
x:
:
.
:
I
1
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i
T
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*>
:
'
1
;
1
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I
i
1
AYanoB
1
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@
1
t
1
1
1
1
1
1
1
d
1
1
1
1
1
-i<l
-3-3
-1-1
tOM
to©
toco
—
too
01
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CIO
-J -J
if^
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-100
S)
€)
©
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e
®
©
-a*a
coco
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^-J
<J<1
-JO
-1-1
-3 -J
O.
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tC
tOM
-to
-j'*>.
to to
01 «>
-1-1
^0^3
-1-1
eo-o
<!<«
COCO
or
M — c©
»
<»<»
«30
tOM
K-
-1M
tvM
ifetC
I^<1
1
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^
1
1
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'^
1
o
o
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@
CCM
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M
-5-3
-I -3
—
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c —
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-1-3
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The Visible supply of Cotton to-nigut, as made up by
The above totals show that the interior stocks have incable and telegraph, is as follows. Continental stocks, as well
ereased during the week 58,035 bales, and are to-night 131,501
as those for Great Britain and the afloat, are this week's rebales more than at same period last year. The receipts at all
turns, and consequently all European figures are brought down
towns
have been 23,159 bales less than same week last year.
complete
total
the
make
the
Thursday
But
to
to
evening.
figures for to-night {Oct. 6), we add the item of exports from
Overland Movement foe the Week and Since Sept. 1.
the United States, including in it the exports of Friday only, We give below a statement showing the overland movement
1897.
1896.
1898.
1899.
for the week and since Sept. 1, as made up from telegraphic
stock at Liverpool. .....bales. 716.000 5t)8,000 2 J, 000 38 ,000 reports Friday night.
The results for the week ending
ti.OOO
3,000
4,000
Btook at London
:^000
and
since
Oct.
Sept.
in
6
1
the last two years are as follows.
Total Great Britain stock. 719,000 57^000 z8 ,000 3-8,000
i
1
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Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rottardam
Stock »t Antwerp
Stock at Havre
Stock at M arsellles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
Total Continental stocks
27,000
102,00i)
2.000
:-00
17,000
40,000
1,000
1
1
,000
32,000
1,000
-.00
25,000
44,000
,
October 6.
00
9,000
2,000
9.000
4" ,000
91,000
83,000
.^ooo
4,000
4,000
4 8,000
49,000
31,000
i'.OOO
12,000
3 4,000
10,Oi.O
27,000
20,000
34l,H00 219,000 165,200 26i,-^00
Tetal European stocks.. 1,0 0,-00
791,000 45v?,"00 65 ,V00
2H,000
1 0,000
48,000
10,000
India cotton afloat for Europe
Amer. cotton afloat for E'rope. 45 ,000 372,000 420.000 428,000
2 ,000
1 8,000
23.000
13,000
Egypt, Brazll,<fec., aflt.for E'pe
StooK in United States ports.. 699.414 641.43^ 5126U 847,142
239,761 373,9B9
Stock in D. 8. interior towns.. 44'>,710 314.20*
3 ,0 3
ll,---!
54.966
36,^3^
United States exports to-day..
Total visible supply
2,746,39 J 2,197,2/9 1,689,665 2,3-3,202
Of the above, totals of American and other descriptions are as follow e:
3,000
110,000
5,000
65,000
10,000
17,000
^
Week.
—
n,000
4,000
3,000
3,000
97,vOO
5«,>00
57,000
49,00
Continental stocks
48.000
29,000
11,000
10,000
India afloat for Europe
1>-,000
28.000
13,000
21,00
Egypt. Brazil, Ac, afloat
17< ,000
162,200 2-8,vOO
Total East India, &o
1*6,300
2,6O0,09» 2,o21,^';9 1.527,4^^5 2.10S' 02
Total American
2,74n,3yo 2,l»7,27y l.tiS -,665 2,383.202
Total viRlhle supply
3i6l.
3«' 2CL
32 2d.
4»«a
Middling Upland. Liverpool..
6I30.
57 eO.
75,. 0.
71Bi„c.
Middling Ujilaad, New York..
6d
4»,6d.
4'8d.
Egypt Onofl Brown, Liverpool Noin'L
6i4d.
6'3,gd.
Peruv. Rough Good, Liverjwol
6Vd.
61, ad
4i:.,,d.
41.
35], d.
Broach Fine, Liverpool
S'ed.
3i6,6d.
411.33d.
Tlnnevelly Good, Liverpool...
2i5,ed.
3^d.
Londonstock
The imports
been
into Continental ports the past
week have
21 000 bales.
The above figures indicate an increase in the cotton in
sight to-night of 549.111 bales as compared with the same
date of 1898, a gain of 1,056,725 bales over the corresponding
date of lb97 and an ezceaa of 3<53,188 balee over 1896.
Since
Sept.
1.
Week.
Since
Sept.
1.
SMpped—
y
a dt. Loala...... .............
Via Cairo
Via Parker
Via Rook Island
Via Louisville
Via Olnolnnati
Via other routes. Ao
...
14,745
44,890
6,7{<2
15,3d7
s.m
27,iVp
3,^79
2,114
10,b72
Total grosBOverland
.....
Deduct ihipments—
Overland to N. Y., Boston, *o.
35,399
13.342
8,371
32,562
19,228
1317
1,2^5
1,119
1,»93
2,941
3,711
5,S32
7,330
107,667 27,437
71,604
S'.445
3,39R
14 499
3,028
Between interior towns
349
l.i-25
203
344
from Soatli
3,914
10,7a^
1,024
4,183
7,659
~27,156
4,255
14,302
Inland,
<fec.,
Total to be dednoted. ........
American —
495,000 202,000 276,000
LI ven>ool stock
bales. 66"',000
lHt-,000
11«,000
2 5,000
162,000
Continental Ptocks
American afloat for Europe... 4^3,000 37vf,000 4V0,000 428,000
699,414 641 43i 512,«;^1 847,142
United States stock
United States interior stocks. 44i,710 314.209 239,761 37.<,'^6n
36,h<8
11.891
54,96li
37,073
United States exports to-day..
Total American
2,6u0,y90 2,02i,2.9 1,527,465 2,103,002
East hidian, Brazil, <te.
82 000 106,000
73,000
Liverpool Btook
54.000
1898.
1899.
4,0(10
9,775
Leaving total net overland*
27,740
57,302
80,511 23 182
movement by rail to Canada.
The foregoing shows that the week's net overland movement
f^his year has been 27,740 bales, against 23,182 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 2i,20^ bales.
*
Including
1898.
1899.
In Sight and Spinners'
Takings.
Week.
Receipts at ports to Oct. 6
Net overland to On. 6
Southern consumption to Oct. 6..
Since
Sept.
1.
Week.
Since
Sept.
1.
284,073, 1,024, 3"3 346 231 1,014.016
hO.511 2<.1«2
57.302
27,740
28,OuO 145 UuO •.;6,000 140,000
339 813 1,249 884 39.\413 1,241.317
58,035 202,d2', .3,2.;8 210,090
Total marketed
Interior stocks in excess
468,641
Came Into sight during week. 397,848
1,451,407
1,452,411
Total In sight Oct,. 6
North'n spinners tmk'gs to Oct 6
.
52,224
153,288 44 010
134,261
It will be seen by the above that there has come into sight
during the week 397,818 bales, against 468,641 bales for the
same week
to-night as
and that the increase in amount
compared with last year is 1,001 bales.
of 1898,
in sight
Octx)BK»
7,
THE CHRONICLE.
1899.]
Weatbeh Reports by Telegraph. — Reports
to ns by telethat dry weather has prevaileii the
past week ovhi- the greater part of the cotton belt, rain having been confined to the Atlantic section, and a limited p rPickintc has consequently
tion of the Eastern Gulf district.
made excelUnt progress, and in a number of localities is
claimed to be nearing completion. The tempeeature has
been lower, with light frost in some sections and from a few
points fellliug frost is reported. Our Vicksburg correspond
ent states that ibe cold weather hurt youn^; cotton.
Galvestim, Texas,— TlherQ has been no rain the oast week.
Average thermometer 73, highest 80, lowest 66. September
graph
this
f
VfOiDg
(it-note
one ii ch and eighty-five hundredths.
Brenham, Texts. There has been no rain during the week.
The thermometer has averaged 71, the highest b ing 86 and
rainfall
—
Sept. rainfall sixty-six hundredths of an inch.
Columbial Txns. Dry weather has prevailed all the week.
The thermomet-'r has ranged from 54 to 82, averaging 68.
Corpus Chruti, Texas.— lb has rained on two days of the
week, the rHinfall being seventy-six hundredths of an inch.
Average therm >meter 74, highest 84, losveit 64. September
rainfall two inches and eighty-nine hundredths.
Cuero, Terus— We have had no rain during the week. The
thermometf-r has averaged 77, the highest being 95 and the
lowest 5'i. Sept. rainfall two inches and forty hundredths.
The weather has been dry all the week.
hallai, Tejcas
The thermom-ter has averaged 66. ranging from 49 to 83.
HuntsviVe, Teras. We have had no rain during the week.
The thermometer h^s averaged 66, ranging from 49 to 83.
We have had no rain during the week.
Luliap, Texas.
The thermometer has ranged from 54 to 86, averaging 70.
San Antonio, Texas. Dry all the week. The thermometer
has averaged 70, the higtiest being 84 and the lowest 56.
Weatherford, Texas. We have bad no rain the past week.
The tberoioujeter has averaged 68, ranging from 49 to 86.
Palestine, Texas. We have had no rain during tbe week.
Average thermometer 66, highest 84, lowest 48. September
rainfall twenty-Hght hundredths of an inch.
New Orleans, Louisiar'a. We have had no rain during the
week. Average thermometer 71. September rainfall thirtyfive hundrt dths of an inch.
Shreveport, Louisiana. There has been no rain during
the week. The thermometer has averaged 67, the highest
September rainfall filty-hunbeing 83 and the lowest 49.
dredths of an inch.
Columbus, Mississippi.—'Dry weather has prevailed all the
week. Tne thermometer has averaged 65. ranging from 40
to 82. S->ptember rainfall sixteen hundredths of an inch.
Vicksburg, Mississippi. We have had no rain the past
week. Cold nights have hurt young cotton. Picking and
marketing are making excellent progress. Average thermometer 65, highest 80 and lowest 49.
Little Rock, Arkansas.— We have had a lisht fro?t during
the week, but no rain. The thermometer has averaged 60,
ranging from 40 to 80.
Helena. Arkansas.— The weather has been cold and dry the
past week; in fact, there has been no rain since the eighteenth
of September. Cotton is not opening so fast, but picking is
being rapidly prosecuted. The thermometer has ranged from
41'5 to 77, averaging 58 6. September rainfall fifty hundredths
of an inch.
Memphis, Tennessee.—The weather has been favorable for
picking, which has progressed rapidly.
It has rained on one
day of tne we* k, to the extent of six hundredths of an inch.
Average thermometfr eO-2, highest 798 and lowest 39-2.
September rainfall fifty-two hundredths of an inch.
NashvUe, Terinessee.— Picking is progresnng rapidly. There
is some disposition in this section to hold cotton.
There has
been no rain here during the week. The thermometer has
averaged 58, the highest being 78 and the lowest 38.
the lowest hp
—
761
—
Charleston, South Carolina. There has been rain on two
days during the week, the rainfall being titty six hundredths
of an Inch. Average thermometer 66, highest ^3, lowest 54,
September rainfall one inch and seventy-seven hundredths.
Stateburg, S tuth Carc/na.— Picking will be practically
completed before the close of the month. We had light rain
Wednesday and steady rain all day Tnursday, the precipitation reaching one inch and eighty four hundredths. The
thermometer has averaged 59 '6, the highest being 82 and the
September rainfall, two inches and twenty-four
lowest 43
hundredths.
Greenwood, South Carolina. -There has been rain on two
days during the week, the precipitation being two inches and
fifty-two hundrtdths. The thermometer has averaged 55,
ranging from 44 to 67.
September rainfall three inches and
eighty hundredths.
Moi'yanton, North CaroZ ma.— Killing frosts occurred in
this vicinity on October 1.
Manchester Market. — Our reoorc received by cable
to-night from Manchester states that the market co tinues
firm for both yarns and sbirtingb. Spinners are Co usidered
to be well under contract.
give tUt priots fur tj-day
bel(
ind leave tuose for previous weeks of ttiis and last
We
w
year for comparison.
—
1899.
—
32s Cop.
Twist.
—
—
—
—
—
—
—
Mobile, Alahama—R^poTts indicate general r-iins the latter
part of the week, heavy in some sections.
have h^d rain
here on two davs of the week, the rainfall being thirty-eight
hundredths of an inch.
The thermometer has averaged 64,
ranging from 50 to 83. September rainfall one inch and
We
twenty-two hundredths.
Montgomery, .i4ta()M??ia,— Considerable rainfall on Wednesday and Taurfrday, but it is clearing to-day. The precipitation reached one inch and eighty-five hundredths. The thermometer has ranged from 48 to 82, averaging 60. Septem
berraintall pixty-six hundredths of an inch.
Selma, Alabama —F&TmeTS claim that the bulk of the
crop will be gathered by the middle of October. Cotton is
being marketed freely with very little disposition to hold it.
We have h-d rain on two days of the past week, the precipitation reaching one inch and eighty threa hundredtus.
Average therm meter 60, highest 78 and lowest 41.
Madison, Flonaa.—We have had rain during the week to
the extent of eighty hundredths of an inch, on three days.
The thermometer has average 73, the highest being 88 and
the lowest 54.
Savannah, Oeorgia.—R%in has fallen on three days of the
week, the rainfall reaching sixty-three hundredths of an
inch.
The thermometer has averaged 65 and hws ranged
from 51 to 85. September rainfall four inches and twenty-
d.
d.
Sep. 1 6
ne-'H
4*
-ab^a
6
u 1- 6
®e''8
" 22 «'l6'tt'°.6
" 2 ti&,ra"'l4
Oct 6 7 „1»738
1898.
8^4 lbs. Shirt- C'ott'n
32s Oop.
inys, common Mid.
Twist.
to finest.
TJplds
8.
d.
4
f^^tbi
4
6
4
4
4
6
4
6
8
9
d.
3.
3
3
3
^T
®7
®7 3
'37 4^
®7 C
d.
8»4 lbs. Shirt- Oott'n
ings, common md.
d.
s.
-aei,
af)J4
4
«u
4
'a>a
4
@c>
d.
d.
B.
3'»3«
.51a
3»,
3»,
"a
->7,e -atti*
oSr
3273
>1«
4
5»s 'it^^i 1
59 10 »6i h 4
©t
131
®«l4
2
Uplds
to finest.
-as
®p
d.
6»a
e-^
6
«
6
«
d.
311.32
3»3V
3732
35,^
3ifl
318
—
State Wekkly Cotton Reports. We give below summaries of the reports, so far as they have been received, for
the week ending Oct. 2, issued by the various States under the
auspices of the Weather Bureau of the United States Department of Agriculture, so far as they apply to cotton.
GEORGIA''.— The weatlier has bepn most favorable for gathering and
The bulk of the ootton la now opea and pioklng is unusually far advanced for the season, but tbe yieida are rnuoh smaller
than normal. There will be virtually no top crop. Many fields of
short cotton have been picked out, and a good many have picked oat
The crop is being put on the market, as a rule,
all their long staple.
about as fast as it is picked out.
Alab.\^ma.*— The temperatures averaged decidedly below the daily
normnl. the nights i>eing unaeasoaably cool and giving on several
dates light frosis io the central districts and light to killiog frosts in
the northern portions of the State, which nipped late f-rops in the
former district and killed the a in some portions 0° the latter section;
there was practically no rainfall, and complaints of droughty conditions are very general.
Cotton Is about all open, and p'cking is
nearing completion, confirming previous estimates of a light yield,
but of good quality.
Arkansas.* -Very dry and cool weather during the week. No rain
of any consequence was reported from any section of the state during
the past week. The weather was favorable for picking cotton, and the
work progressed very rapidly. It is be ng ginned an sold as fast as
it is gaihered.
The yield will average about one-half crop.
Oklahoma.- — Clear.dry weather continued throughout the week, and
the temperature was generally below the normal. LiKht frost occurred at many places on the nizht of the 2>-th. but dirt little, if any,
dam -ge. Nearly the whole of the season's crops has been gathered,
and all, except very late ootton, is beyond damage by weather conditions. Cotton picking continues. The dry weath»ir has adiied still
further injury to cotton, and all correspondents report a light yield;
very liuht in the soutiiern se< tions of Oklahoma and In the Indian
country.
As a whole the past season has been an unusually good one
for the agriculturist. Cotton appears to be the only crop giving an
unsatisfactory yield.
saving oottOD.
t
*
La9t bulletin of tbe season.
Cotton Consumption .and Overland Movement for
Month of September. — In consequence of the crowded condition of our coiumus this week we omit giving the usual
extensive details of the ov-^rland movement. Below, however, we present a synopsis for the month of Ssptember for
three years.
1899.
Gross overland in September
Gross overland in Septe e.ber
bales.
79,651
57,812
1898
44.16:
34 12
697,784
291 2 8
526,111
90,251
114,0
1S97
43,324
34,098
788,702
292,456
452,869
149,473
96,000
..
800,866
4 6l.4l.^
ExportB in September ...
..
682 063
Port stocks on September 30
105 427
Northern spinners' takings in Sept.
121.000
Southern spinners' takinee in 8ept
Ov»<rland to Canada in Septeuiber (in1.741
cluded in net overland)
2,597
2,247
10
503
Burnt North and South in September.
10.87.«i
11,627
4,623
Stock at North'n interior markets Sep.30
982.766 1,089.800
1,129,678
Game In sight during September.
10252t;l7 10111160
Came in sifirht balance season ...........
112353H3 11180960
Total crop .... .. ..
.
.......
.....
522-^3
515-97
515-85
AveraKe weight of bales
Port receipts in Sep' ember.
.
—
Jute Butts, Bagging, Etc. During the week under review there has been a little more demand for jute bagging,
in this fection are buying largely. with prices in bu) ers" favor. The close to-night is at 6^3 (*
There has been rain on one day of the week, the rainfall 53^0. for \% lbs. and 6^4 ©6^40. for 2 lbs., standard grades.
being six'v-nme hundredths of an inch. The thermometer Jute butts are in light request at unchanged prices, the close
has ranged from 46 to 82, averaging 60. September rainfall to-night being at I'Oic. for paper quality and l^c, for mixtwo inches and eighty-one hundiredths.
ing to arrive.
two hundred 'hs.
Augusta. Georgia.— Mills
THE CHRONICLE.
762
—
Shippino News. As snown on a previous page, the
exports of ootton from the United States the past week have
reached 230,542 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
New York—To
Cufio.
Liverpool, per steamers
Total bales.
1,102
1,480
Bovio,
378
To Hull, per steamer Buffalo. 400
To Manchester, per steamer Cuvier,794
To Havre, per steamers La To uraine, 691...Woolloomooloo,
400
794
per steamers Barbarossa, 900
... Oldenburg, 2,972
To Hamburg, per steamer Patricia, 300
To Antwerp, per steamers British King, 50
Lahn, 364
To Bremen,
4,236
—
300
Friesland,
250
200
200
To Copenhagen, per steamer Norge, 200
To Genoa, per steamers Bolivia, 14..-. Kaiser Wilhelm
II.,
1.108
1.09i....:
To Naples, per steamer Kaiser Wilhelm II., 320
To Tiieste, per steamer "t^ria. 934
To Japan, per steamers Catania, 100
To China, per steamer Catania, 2.146
Mbw ORLEANS— To LiverpO' 1— Oct, 2—Steamer
13,633
6,302 ..
320
934
100
2,146
5-
Oct.
Liverpool.
214
999
899
Texas City, &c.— To Mexico, per railroad, 214
PBN8ACOLA— To Dunkirk- Sept. 30— Steamer Apex, 999
To Hamburg -Oct. 2 -Steamer Highlander, 899
To Genoa-Oct. 2— Steamer Nethergate (additional), 91
To Venice— Oct. 3 -Steamer Buckiogham, 300
Savannah— To Manchester— Sept. 30— Steamer Polana, 6,610
upland and igoSearsland
To Bremen— Sept. 30— Steamer Glenoiorven, 5.700
4— Steamer Strathleven,
,
Amount
7,703
sas, 1,984
Baltimore— To Bremen— Oct. 4— Steamer Dresden, 405
To Hamburg— Sept. 29— Steamer Bengalla, 100
Ban Francisco To Japan— Sept. 29— Steamer Coptic, 1,250..
San Diego, Cal.— To Japan— Sept. 30 -Steamer Carmarthen1,730
405
lOO
fYencn
Sat'day.
Oct. 6.
Market, )
p. M.J
Quiet.
Moderate
demand.
Firm.
38I32
83182
32932
33I32
33I32
Sales
6,000
8,000
7,000
8,000
500
500
500
10.000
1,000
8,000
500
Bpeo.t&exp.
Moderate Hardeu'K. Moderate
demand.
demand.
500
Futures.
Market, )
1:45 p. H.J
Market,
4 p. M.
I
Quiet at
1-61 de-
Irreg. at
2-64(9 3-64
Irreg. at
5-64 ad-
eline.
advance.
vance.
Steady.
\
and
Feverish. Weak
unsettled.
Barely steady at
steady at a-64 ad2-61 adv.
vance.
Steady.
Steady.
Easy at
1-64 decline.
Quiet.
The prices
of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
il^* The prices are given in pence and 6'iths. Thus : 2 63 meat, a
below.
2 63-64d., and 3 01 means 3 l-64d.
inon.
Sat.
Sevt 30
Tues.
Wea.
Til urn.
Prl.
to
1:45 4 1:45 4 1:45 4 1:45 4
121s
P.M. P.M. P,M P M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
6
1
d.
d.
1
45
4
rf
d.
d.
d,
3 49 3 50 3 57 3 57 3 58 3.=S3 3 52
October
3 43 3 49 3 56 3 56 3 58 3 53 3 52
Oct. -Nov
Nov.-Deo... 3 45 3 48 3 54 3 54 3 56 3 51 3 50
Dec- Jan.... 3 46 3 47 3 53 3 53 3 56 3 50 3 50
Jan.-Feb... 3 44 3 47 3 53 3 53 3 56 3 50 3 50
Feb.-Mch... 8 46 3 47 3 53 3 53 3 56 3 51 3 50
Mch.-Aprll. 3 4's 3 47 3 54 3 54 3 56 3 51 3 51
April- May,. 3 46 3 48 3 55 3 54 3 57 3 52 3 51
May-June 3 4« 3 48 355 3 55 3 57 3 52 3 52
June- July.. 3 47 3 49i 3 55 3 5.«. 3 58 3 52 3 52
July-Aug
3 48 3 49 3 56 3 55 3 58 3 53 3 52
3 55 3 54 3 58 3 52 3 51
Aug.-Sept..
.
d
d.
d
3 54 3 57 3 60
a 53 3 56 3 59
3 53 8 5d 3 58
3 51 3 54 3.57
3 51 3 54 3 57
3 52 3 54 3 57
3 52 3 ft5 3 58
3 53 3 5=) 3 58
d.
d.
3 57 3 57
3 56 3 56
3 55 3 55
54
54
54
55
55
3 53 3 56 3 r9 3 56 3 56
3 54 3 56 3 59 3 56 3 56
3 54 3 .'^6 3 59 3 56 3 57
3 54 3
3 54 3
3 54 3
3 55 3
3 55 3
3 53 3 55 3 59 3 56 3 56
BREADSTUFFS.
1,730
Friday, Oct. 6, 1899.
At the opening of the wheat flour market for the week
under review there was a decidedly stronger tone, reflecting
an upward turn to values for the grain. Mills generally held
in
ports,
Toiui.
41,80122,924 10,587
13,156
63,681
80,648
5,336
29
55,000
50,000
3,000
2,100
2,000
1,100
47,000
46,000
5,000
7,000
51,000
55,000
736,000 *7 16,000
675,000
662,000
31,000
43,000
21,000
40,000
138,000
171,000
135,000
169,000
Monday. Tuesday. Wed'day. Thursd'y Friday.
Mid. Upl'ds.
Oer- ^Otti.K'rope-^ Mexico,
<ir.
Javof
many. North. South.
New York. 2,674 888 4,536 450 2,362 2,146 100
479 9,3»,0
N Orleans, 35,035 18.867
55,00c
1,000
1,000
50,000
5,000
52,000
762,000
699,000
14,000
11,000
91,000
88,000
Sept.
1,250
The particulars of the foregoing shipments, arranged
our usual form, are as follows.
Oreat
Spot.
1:45
230.542
Tot»l
Brit'n.
afloat
Sept. 22.
Of which American
' 800 burnt.
The tone of the Liverpool market for spots and futures
each day of the week ending Oct. 6 and the daily closing
ptioes of spot ootton, have been as follows.
6,800
'
,
Forwarded
Total stock— Estimated
Of which American— Est'd.
Total import of the week
Of which American
Oct.
.'
57,000
3,700
1,500
51,000
6,000
51,000
805,000
739,000
20,000
15,000
35,000
32,000
bales.
exporters took...
American
91
Petersburg— Sept. 30 -Steamer Caprlvi, 6,750 up6,850
land and lOOSealsland
5,575
To Barcelona Seot. 30— Steamer Kirkstall, 5,575
Brunswick—To Li» erpool-Sept. 28— Steamer Incemore.7,900 7,900
Wilmington—To Bremen-Oot. 4—Steamer Almore, i6,60o ... 16,600
4,492
Norfolk— To Liverpool— Oct. 4— Steamer Ismore, 4.4'*2
Newport News—To Liverpool- Oct. 4— Steamer Rappahan449
nock, 449
Boston-To Liverpool— Sept. 27— Steamer New England, 2,671
Sept. 29— Steamers Cephalonia, 8; Euglishman. 1,19
Oct. 4— Steamer KanOct. 3— Steamer Victorian, 1,841
"^-alveston
Sales
10,650
4,950
week
Of which
Of which speculators took.
300
St.
shire,
Sales of the
3,600
18,867
Steamer Benridge. 6.800
479
T.» Antwerp— Oct. s— Steamer Montpelier, 479
300
To Oporto— Sept. 29— Bark Bertha, 300
9,000
To Genoa- Sept. 30—Steamer Citta di Palermo, 9,000
Galveston- To Liverpool— 9ept. 28 -Steamers Maria, 5,430;
Paulina, 4,845
Sept. ;^0-Steamer Gaditano, 6.912 ...
Oct. 4 -Steamer
Oct. 3— Steamer Dominick, 7,801
Montauk, 10,693.... Oct. 5- Steamer Floridian, 6,120 ... 41,801
To Havre— Sent. SO-Steamers Brinkburn, 12,189; Heath22,924
vllle. 10,735
Got. 5
To Bremen— Oct. 4-8teamer Gorsemore, 5,441
9,741
—Steamer Peerless. 4,;- 00
846
To Hamburg— Sept. 30-Steamer Trefusis, 846
Oct. 4 —
To Rotterdam— Sept. 30-Steamer Ariosto, 887
3,085
Steamer Knaresboro. 2,198
To Antwerp— Sei-t. 30— Steamer Richmond Castle, 2,251... 2,251
10,804 bales reported last week went on An^elma, de Larrinaga to Manchester, not on Maria and Paulina to
Oct.
Sept. 15.
Politician,
Oct. 4— Steamers Louisianian, 4,400; Orioil,
31.435
Oct. 5— Steamer Antlllian, 7,100
To Manchester -Oct. 5— Steamer Emeeto, 3,600
To Havre— Sept. 29-8teamer Imani, 12,067
To
—
Liverpool. By cable from Liverpool we have the following statement of the week's sales, stocks, «fcc., at that port,
Actual export
888
197
[Vol. LXIX.
for higher prices.
volume
of business
At the advance, however, only a limited
was transacted, as buyers confined their
Subsequently, however,
purchases to immediate wants.
reaction
in
grain
values,
and this took off the
a
there was
29,f75
10,6c0 6,850 5575
6.800
7,900 edge in the flour market, particularly for better grades.
Brunswick 7,900
16,b00 The low grades were in comparatively light supply and
Wllmingt'n
4,492
4,492
16,600
Norfolk
499 well held. Rye flour has been in light supply and firm.
N'p'l News
7,70j Buckwheat flour has been more freely offered, and prices
7,703
Boston
505
505
Baltimore.
Corn meal has had a fair sale at
1.250 have weakened slightly.
1,250
San Fran..
1,730 steady prices.
1,730
3an Diego.
Speculation in wheat for future delivery has been only
Total.... 106.904 43.678 43,777 13.115 17,628 2.360 3,080 230,542 moderately active, and for the week prices show no decided
To Japan since Sept. I shipments have been 100 bales change. Immediately following our last issue the market
from New York and 3,980 bales from Pacific Coast.
took a fairly sharp upward turn. Uneasiness over the politiBelow we give all news received to date of disasters to cal situation between Great Britain and the Transvaal was
vessels carrying cotton from United States ports, &c.
given as the principal bull feature, although stronger foreign
LiEONA, steamer, Mallory Line, at New York, from Galveston. At advices and statistical news had much to do with the im4:40 o'clock Thursday evening tire started in t le main hatch of provement.
It also was
reported that exporters were
steamer Leona, lying at Pier 20. East River, and did considerable
increased
interest
in the cash market, and this,
showing
GalThe
Leona
arrived
from
damage to the vessel and cargo.
The movetoo, had its influence in favor of the market.
veston, Texas, the same day with 2,208 bales of cotton.
Northwest
continued
crop
in
the
to run
of
the
ment
the
past
week
have
been:
New
York
Cotton freights at
below last year's, but this, it was believed by many, was
due largely to scarcity of rolling-stock to move the supplies.
Wednes. r*t«r«.
Fn
Tues.
8atur.
Mon.
Tuesday and Wednesday the market showed a declining
^
^
^
Liverpool, Oot...d.
H
hi
tendency, prices for the two days declining l^^c. A more
35
35
35
35
35
c.
Havre
hopeful feeling over the political situation abroad and dis35
35
35
35
35
e.
Bremen, Oct
appointing foreign advices prompted selling by longs to
30
30
30
30
30
Hamburg. Got ..e.
realize profits under which all the improvement was lost.
30
30
30
30
30
Amsterdam
c.
The tightness of money also had its influence against the
30
30
30
30
30
OS
iBotterdaoi
c.
speculative market. Thursday the market was again firmer,
45
45
45
45
45
Beval, V. Hamb..e.
Foreign advices came better^
ao
prices advancing %@l4c.
45
45
45
45
45
light movement of the'
Do V. Hnll...c.
and
tne
comparatively
expected,
than
n
45
45
45
Business in the spoti
45
45
Do V. Copen..c.
crop received increased attention.
40
40
40
40
40
<3enoa
c.
market has been fairly active as exporters have been bettert
35
35
Trieste, direct... e.
35
35
35
buyers prices have followed futures. To day the market
Ajitwerp
7.4
d.
764
'64
'64
was easier under selling by the interior. The spot market
'64
Ohent.v.Antw'p.d.
94
9«4
was fairly active at slightly lower prices. Sales to-day for
8r4
9fl4
9m
export here and at outports were 248,000 bushels.
Quotations are oenta per 100 lbs. or fractions of a penny per lb.
Tex. C..&C.
Pensacoia.
Savannah..
214
999
899
391
214
2.28,^
'.'.'.'.'.'.
—
;
I
October
7,
THE CHRONICLE.
1899.]
NEW
YORK.
DAILY CLOSING PRICES OF NO. 2 BED WINTER IN
Fri.
Thurs.
Mon. Tues.
Wed.
Sat.
78i8
7863
77
ITh
76 •^a
Cash wheat f. o. b
„
77'78
g-w
S0l8
7738
79
78»a
Deo. delivery in elev
81i-2
8O39
....
SO'e
Mch. delivery in elev....
^s
80"'
8036
Sl^^
82
80^
May delivery in elev
SPRING
IN
CHICAGO.
PRICES
OF
NO.
2
DAILY CLOSING
Thurs.
Wed.
Fri.
Mon.
Tues.
Sat.
'
Oct. delivery in elev
Dee. delivery in elev....
May delivery in elev. ..
•
7279
7214
71i8
71i«
74%
77%
73 19
74
73 12
7638
76
76^8
77
751a
Indian corn futures have been quiet and prices have aduvaced and declined following the wheat market. Early in
the week there was a fractional improvement in values, war
talk from abroad and an active export business stimulating
some buying; then came a slight reaction under more hopeful news from abroad, a free movement of the crop and in
sympathy with a decline in wheat. Thursday the market was
steadier on stronger advices from abroad and an active ex
port demand. Business in the spot market has been active,
exporters being large buyers; prices have followed futures.
To-day the market was quiet but steady. The spot market
was active and firmer. Sales for export here and at outports
73ifl
were about
1,000,000 bushels.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN
Wed. Thurs.
Fri.
Mon. Tues.
Sat.
41I4
4OI2
4114
4038
40%
Cash corn, f. o. b
37I4
37J4
3713
3714
Deo. delivery in elev.
37ifl
37
3714
36%
Se'^s
May delivery in elev.
DAILY CLOSING PRICKS OF NO 2 MIXED CORN IN CHICAGO.
Fri,
Wed. Thurs.
Mon. Tues.
Sat.
3IJ4
31
3138
31
SO'a
Oct. delivery in elev
30i«
3018
30
3038
?0^
Deo. delivery in elev.... 29^8
3II4
3II3
31ie
3118
3138
May delivery in elev
30%
NEW YORK.
ally 5 per cent advance.
without special feature.
Mon.
29
Sat.
Tues.
Wed.
29 14
31
Thurs.
Fri.
29 14
29
No. 2 mixed in elev
Hoi29
3013
31
30%
No. 2 white in elev
iday
30%
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Fri
Sat.
Mon.
Tues.
Wed. Thurs.
23i«
23i8
22'78
22 'a
22^8
Dec. delivery In elev.... 22^8
24 is
2414
2414
2414
May delivery in elev
2412
241a
Barley has been dull and
Rye has been quiet but steady.
unchanged.
Following are the closing quotations:
FLOUR.
Patent, winter.... $3 65 @3
$2 15 ®2 25
City mills, patent.. 4 40 ®4
2 30 ®2 41
Rveflour.superfine 3 20 ®3
fixtra, No 2
2 15 ©2 70
Extra, No. 1
2 70 '3>£ 90
Buckwheat flour.. 2 25 -312
Bakers' extra.
Corn meal—
3 00
Straights
3 30 ©S P5
We«tern,eto
2 20 ®2
Brandy wine
2 25 -5)2
Patent, spring
3 90 -3)4 50
(Wheat flour in sacks sells at prices below those for barrels.)
Fine
Superfine
Wheat, per bush. —
HardDuluth.No.l
25
30
GRAIN
c.
c.
8138®83i8
N'th'nDuluth.No.l 7838®8ii58
Bed winter, No. 2. 7.'sie'a>77i4
North'n N. Y. No.l 78ie®79'8
Oats— Mix'd.p.bush. 27iaa)3(»
®35
®30
White
No. 2 mixed
29
29
No. 2 white
30%a)31%
V
85
50
70
50
Corn, per bush.—
Western mixed
No. 2 mixed
Western yellow
Western white
indifferent.
Domestic Cotton Goods,— The exports of cotton goods
from this port for the week ending Oct. 2 were 4,043
packages, valued at $132,450, their destination being to the
points specified in the tables below:
New York to
c.
c.
39ifl®41i4
39%®41i3
Bye, per bush-
Western
State and Jersey
Barley— Western
Feeding
,
185,214
2,040
37,218
12,855
22,979
3,385
8,251
34,252
5,959
66
22
Total
Since Jan. 1 .
91
5
2,662
500
127,435
9,042
26,770
8,344
11,151
3,310
5,825
38,141
13.654
837
2
199
149
409
211
184
4.043
314,511
20,784
1,750
247,171
21,823
4,043
335,295
1,750
268,994
From New En^iana mill Dolnts direct.
The value of the New York exports
'
for the year to date
has been $11,389,976 in 1899, against $8,672,333 in 1898.
Heavy brown sheetings and drills are difficult to secure
either for speedy or for distant deliveries, and prices are generally i^c, higher on the week.
Home buyers follow the
advance, but exporters are mostly out of the market at
present. Fine yarn grey goods continue very scarce and are
igC. up on the week.
Bleached cottons are in good request
and advances reported this week bring other tickets in line
with the leaders, which were raised last week. Wide sheetings firm and scarce. Cotton flannels and blankets advanced
3^c. in some makes. Denims 3^c. higher and sellers generally
reluctant to take orders. Advances of ^^c, recorded in
ticks, plaids, checks and other coarse, colored cottons. Staple
demand and some lines show an advancing
Fancy calicoes irregular, but selling more
readily.
Ginghams are unchanged. Regular print cloths
and narrow odds have been in active demand and sales large
without change in price. Wide odds scarce and i^c. higher.
Foreign Dry Goods. — Dress goods in novelty effects for
print in good
tendency.
spring have been fairly well ordered at firm prices. Piece
Ribbons irregular. Hosiery firm, with
silks quiet but firm.
good sales. Linens strong and advancing. Burlaps firmer.
Importations and TV^arebouse WlthdraTrals of Dry Goods
The importations and warehouse withdrawals of dry goods
at this port for the week ending Oct. 5, 1899, and since
January 1, 1899, and for the corresponding periods of last
year are as follows:
H
o
»
to
O, e*
B
o
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.
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1899.
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Woolen Goods. The principal business in this division
has been in dress goods. These have been in good request in
both fall lines and new spring goods. Indications point to a
good season in the latter, with prices on an average some 7]4
per cent above the opening prices of last year on staple varieties.
In men's-wear woolen and worsted fabrics there has
been a better demand for quick deliveries than usual at this
time of the year, and staple heavy-weights bring occasion-
12.^
Week.
744
"242
-00
A marked feature of business during the past week has
been the development of an active demand for such print
cloths as are controlled by the Fall River Committee. Business in these during the past few days has been abnormally
large, leaving the print cloth situation at the close of tne
week in a very strong position without positive advances in
prices.
In other divisions of the cotton goods market the
demand has again been in excess of supplies in all lines of
staples, and prices have made further progress in an upward
direction. Ready supplies are still too scanty to meet all the
requirements of buyers, and there has been greater reserve
than before on the part of sellers in accepting orders for forward deliveries. Some important sellers are practically out
of the market for the time being.
The strong tendency of
the market for raw cotton is exercising a decided influence
in this connection, as a large volume of sales has already
been made by mills without covering on raw material. At
the close of the week business is doing on top range of
prices, and the market still wears an advancing appearance.
In other directions there has been no material change.
—
,
Total
China, via Vancouver*.
62is@66i4
61 ®65
4713® 5ti
41 ®47
6,
1,614
561
182
,
Central America.
South America..,
Other Countries.
THE DRY GOODS TRADE.
York. Friday, P. M., October
2
4
160
..,
Mexico
Since Jan. 1
2,679
,
Africa
West Indies
1898.
2.
Great Britain....,
Other European.
China
India
Arabia
For other tables naually given here see pase 72S.
New
1899.
Oct.
Week.
38i4®41i4
38%34li4
Business in light-weights has been
Worsteds are decidedly firm, but in
woolens there is still irregularity in prices. Neither overcoatings nor cloakings show any change of moment. Sellers hold
flannels and blankets for extreme prices, but the demand is
,
Oats for future delivery at the Western market have been
moderately active. Early in the week prices advanced on
buying by shorts, stimulated by a continued good cash trade
and the war talk from abroad. Under realizing sales by recent buyers, however, and sympathy with a reaction in
other grains, part of the improvement was lost. Locally the
spot market has been fairly active and steady. There has
been a moderate demand from exporters and the home trade
has been a buyer.
To-day the market was quiet but steady.
The spot market was quiet and unchanged.
DAILY CLOSING PRICES OF OATS IN NEW^ YORK.
763
lt>-
COi^i.
-)
to 00
tSM
V\)-'
M05
ODO
05 lObCO
OmO-J-^
otoooas*
otoeiipp
05
o-aocno
^s"
to..,
oos
•
<«
THE CHKONICLE.
764
T/im
m^
^tff^mwtm.
City
MUNICIPAL BOND SALES IN SEPTEMBER.
The municipal bond market the
month was
past
rather dull, presenting no unusual features or mat-
While our records show that
bonds floated during September
ters of especial interest.
the total
amount
of
was bat $7,059,793 (not including 11,051,124 of temporary loans negotiated), yet these figures compare
favorably with those for the same month of most
previous years.
Past totals for September have been:
$6,173,665 in 1898; $9,372,691 in 1897; 13,693,457 in
1896; $11,423,212 in
1895; $8,249,347 in
1894; $3,-
The total
885,137 in 1893, and $6,242,953 in 1892.
for August 1899 was $5,865,510.
The number of municipalities issuing bonds during
the
month was
157 (emitting 184 separate issues), as
against 147 and 172 for September 1898 and 191 and
222 for August 1899.
Page.
Location.
712. Liberty, N.Y
,
.
Mound
City,
562 Napoleon, Ohio
663...New Canaan, Conn
6 3. Nez Pene Co Id aho.
.
.
tl2. .No.
Hempstead
month was
that of $500,-
000 3^ per cent 20-year bonds of Rochester, N. Y.,
on the 15th to Dunscomb & Jennison, I^ew York City,
at 105 '69.
In the following table we give the prices which were
paid for September loans to the amount of $5,066,591,
issued by 118 municipalities.
The aggregate
of sales
which no price has been reported is $1,993,202, and
In
the total bond sales for the month $7,059,793.
the case of each loan reference is made to the page of
the Chronicle where a full account of the sale is
for
Rate.
5 61.. Akron. Ohio
561. .AferoD, Ohio
561.. Akron, Ohio
765.. Akron, Ohio
711..Ant1so, Wis
711..Antigo, Wi8
611. .Ashtabula, Ohio
611..Ashtabuia(0.)Sch.DiB.
561.. Athene, Ohio
561. -Austin, Texas
611..Bainbii(1ge, N.
Y
61l..Beavprhea(l Co., Mont.
611..Bell Co., Tex. i2 Issues).
€ll..Biloxi, MIPS
611..Blnghamton, N. Y
711. -Bloomtleid, Iowa
«ll..Bluffiou. Ind
661..Bowling Green, Ohio...
€«l..Boycten (la.) Sch. Dist..
eil-.Biightor.N Y
561..Brit<tol Co.,Mas8
561.. Bristol Co.,
Maturity.
1900-1904
1900-1903
1900-1902
5
l»i
0-1912
4
5
5
19011905
12,.'=00
107-656
101-48
1900-1905
*tl906-1919
1904-1914
tl910-1920
11,000
10325
3.=>,000
106
107 50
4
4
4
5
3ifl
4
5
4
5
190-1913
tl904-1919
193i
1906-1914
1901-1910
1908 1917
1900-1908
1905
1906
611..Bro"hhaveTi (N. Y.)8ch.
4
Dlst.No. 24
Y
Y
711.. Buffalo. N.
561..BuriiUville, R. 1
611.. Cambridge Spgs. (Pa.)
8oh. Uist
611.. Chicago, 111
561. Cleveland, Ohio
561. Cie^el^nd, Ohio
611..Coneouh</o., Ala
662. Cora polls »Pa.) School
312
100
3,683
100
100
JiUy
1,
li)39
4
Sept.30.1929
1901-1906
1939
11909-1929
1901-1910
Dlat
712. Fairbury, HI
712. ForsNtb, Mont
712.. Fort Wayn«',ind
712.. foxborough. Mass
6
4
611.. Sage
Co, Neb
Gait, n, 'hio
611. Gallatin Co.,
66t
5
1909-1912
1919
*1914
*1904
1919
Sept. 1, 1909
1919
1900-1909
1919-1939
1904-1909
Sept. 1,1914
4
19011915
4
5
1900-1911
1901-1915
6
19001903
3>2
4
3ifl
^^
Mont
662..Gallipoli-, Ohio
4»a
5
662..Gal-e8ton, Texas
5
Mioh
4
612
<4ogel.ic Co..
712. .Grand Rapid-. Minn...
765.. Greeu vi le, Ohio
712. HH,uiilton (Ohio.) Sch.
Dist
765. -Hicksvllle, Ohio
662..Horuell8Ville, N.
Y
662..HowardCo., Ind
662. .Hubbard Texas
712 Hudoon.Wis
76.'^..
Hyde Park, O. (2 Issues)
Idaho
765. Jamestown, N. Dak....
612. .Jefferson, Ohio
765
765..LaCr(.8He. Wis
765. LaPorte,Ind
«12.. Lei psic, Ohio
190?&1904
4I2
4>fl
1919
tl909-1939
1902-1909
1900 1909
5
119091919
4
1919
1901-1909
1919
1919
1910-1919
6
4
5
3i«
3»ii
6
5
4
'
1200
60,000
102*279
9,000 101-505
500,00o 100
201,000 107 51
90,000 107-81
20,000 10580
8,000
2.700
50,000
17,500
13,000
108 27
111-20
103-3-^
103 25
105 20
1.000
4,000
9,500
320,000
101-327
1025>i
5,0
103326
100,000
3,.500
137,000
7,000
30<>,000
1^0,000
10.5-26
101-75
00
1(7-571
10958
108
112-0625
100-6t>
16 000
66,000
100
105
6,000
25,000
12,000
26.000
103125
l<'3-60
10607
106--.3
4,.500
100
4.0
10;M25
1^,714
7,500
4,000
4,500
B2,000
00
io5
110-626
100
109
lOX-79
100 833
7,000 109
30,«
1, 1919
"1919"'
Jan.
663. .Ottawa Co., Ohio
612. Paanaic, N.J
766. .Peeksbiil, N. Y
1<»,000
6
5
112-785
103-363
1916-1936
2 ,500
14,500
4
1909
7,500
101-717
4
15,00'^
2,f>00
100,000
50,000
103-675
106-20
104-28
5
1905-1909
*1902
1929
1 1909-1919
4
1909-1919
22,000
4'2
4
4
4
4
5
6
5
413
312
.
4
fi63. Pella, lowH,
663. PhcBulxville Pa
3^2
663. .Phosnix villa. Pa
3^
767. .PoitCiinton.O.(31ss'e). 5
767. Portsmouth, Ohio
4
664. Preble o.. O. (3 Issues) 4
5b3. Ri»hlan<i Co. Ohio
5
612. .Rochester, N.Y
31^
664. .Saginaw Mich.
3^2
H3. St. Paris, Ohio
6
563. .Sulem, Ore
4
563. .Sai dusky, Ohio
4
714. .Shd Pedro (CaL) Sch.
Dist
6
767. Santa Rosa (Cal.) Sch.
1913
1912-1914
1919
,
Dist.
8
.
19001902
Aug 1919
,
1929
tl905-lH15
Apr. 2. 1924
tl904-1909
19001909
i96i-i9oi
1919
1900-1909
1910-1917
1909
1909
1900-1909
1900 1904
4
5
3*2
3^
11909-1919
11904 1929
5
1929
1904-1929
1900 1939
613. .Uniou Township, Kan.
5
5
19f 0-1919
tl9 9
Uvalde Co., Texas
4
11903-1919
Dist
Ga
4
5
614. .Waterbury, Conn
&64. .W useon, Ohio
666. .Wellington, Kan
715. .West Bend (Wis.) Sch.
Dist. No. 1
666 White Plains, N. Y
715. .White Plains, N. Y
715. .Wlllim ntio. Conn
614. .Yakima C ..Wash
614. .Yonker^, N. Y
666. Yonkers, N. Y
715. .Yonkers (N. Y.) School
3^
4
4
5
3i«
313
4
4^4
4
4
3I2
Dlstrlc-
614. .Yonnnstown,
614. .Youngsiowu,
614. .You^Jg^town,
666. .Youngstowu,
Ohio
Ohio
Ohio
Ohio
6' 6. .Youngstown. Ohio
564. .Zanesville, Ohio
.')64. .ZanebVllle, Ohio
715. .Zanesville. O.
1
100
100
10307
108-05
5,000
1,200
14,000
7,5(0
103-33
102-25
10,0
105-40
11367
7.000
100.000
69.0' Oj
1,900
30.000
29,000
20,000
500,000
i
."^,000
100
102-55
102-52
102-25
103431
104 27
10!S-69
100-15
124
100
8,000
65 000
7,000
10523
20,000
109-626
1,000 108 363
5,000 §100
2,000
47,000
25 0(
42.(
101
101-79
106 60
00 10909
18.000
104-61
1905-1910
1929
1920-1929
1924
19 9
12,000 108-54
60,000 105-71
=0.000 104-75
75.000 113-135
91,974 100
15^09-1919
1912&1913
Air.
1,
1927
1906-1907
5
5
5
108 84
13,0'
1905-1914
1901-1910
1919
1929
1966 '1939
4
5
issues)
(•^,
6,000 101
115,000 104-41
10.000 102-05
20.000 100
28.500 100
y 5,000 107-57
7,000 106-07
51,746 105-88
27,000 101-14
100,000 103-058
30.».00 102-08
30,000 100
5
5
3I2
104-673
200 100
1966-1965
<
613. State Cen ter, Iowa
767. .Talent (Ore.) Sch. List.
No. 22
865. .Tamaqua, Pa
665. .Trenton. N.J. ..
715. Turt le Creek, Pa
613. .Ukiah,C>l
564 Underclifl (N, J.) Sch.
.
100
102-751
102-07
312
5'^2. .Oberlin, Ohio
612. .Orl..nd (Cal.) Sch. Dist.
6bd. .Valdosta,
20,0ii0
100,000
7,000
5.602
4ifl
6R3. .Norwich, Conn
612. .Norwich, N.Y
766. .Norwood. Ohio
665
Price.
,
38,000 10061
22,500 102-30
15,000 108-©7
10,000 109-30
1901-1911
1900-1904
tl919-1929
1916-1921
312
.
Amount
(N. Y.)
Sch. Dist
1919
1900-1"909
1? 00-1904
20,<
00 10889
10,000
115-379
16,000 102 30
8,232 104-43
2,600 103-37
1.400 107-29
12,800 103-425
3-5 10494
103 123
30,000
1H,200
17,559
107-39
103-63
Total ills municipalities, covering 145
separate Issues)
$5,066,591
Aggregate of sales for which no price has
been reported (3 * municipalities, covering
39 separate issues)
iri.993,202
103125
1900
1900
sept. 1,
6
4I2
10. -50
7,8 I
5
4
5
100^72
10335
Aug.1,1900
1900 1917
Junel, 1903
Apr. 1, 1909
Oct. 1, 1909
tl919
4
4
4
4
100 83
100 53
9,000
40,000 101262
20,000 lOO
25.000 100-64
40,- 00 11(»96
8,000 i03-71
14,000 100
10.000 111103
03-42
2,250
14,445 100-25
b5,000 104-76
25,000 105 47
10,5C0
3
3
3
765..Co8hocton,0. (2 Issues)
712.. Cranston, R. 1
611..Daytona,Fla
765 Dfttance. Ohio
712..EaKle Bock (Cal.) Sch.
DlHiiict
10116
19«i0-1904
4
4
611..Butf.ii.», .N. Y
€ll..BMflfa,l •, N.
Price.
10,000
6,000
3,000
S.'OO
10.000
S.OoO
24,000
3I3
Mass
Amount.
4
4
4
4
4
4
1909-1918
5
..
», Twp.,N,C.
412
564. .WanickCo., Ind
613. .Washington Co.. Neb.. 4
September Bond sales.
Locatimt.
4
4
Maturity.
11904-1919
1900-1909
766. .No Hempttead (N. Y.)
M3. .Wadesbor
given.
Page.
312
5
Sch. Uist. No. 7
.
principal sale of the
Twp.,Kan.
562.. MowerCo. (ilinn.) Sch.
Diet. No. 5
612.. MuNkegon (Mich.) Sch.
Dist
.
The
Rate.
662.. Lima Ohio (3 issues)..
612.. Loarnn Co., Ohio
612 McCon?ielsville, Ohio..
663.. MoPherson Co., Kan. ..
712.. Manistee, Mich
612.. MassilloB, Ohio
712.. Mnvtrick Co., Texas
612 Mlddlei-ex Co. Mass
663 Miami Co. Ohio
766
LXIX.
[Vol.
Total bond sales for September 1899... :$7,059.793
Average of dates of maturity, t Subject to call in and after th«
earlier year and mature in the later year. } Not including $1,05 ,124
of temporary loans reported and which do not iielong in the list.
T[ Of ihls total over one-half represents bonds taken by /State or local
sinking funds, where the price was not stated.
'
'
Lyon Connty, Iowa. Bonds Invalid. —The following is a
York " Times "from Sioux City,
sptcial dispatch to the
dated O :t. 5, 1^99
In a decision banded down to-day the District Court held that t86,0"0 worth
of bonds issued by Lyou County, Iowa, were ib valid lor the reason that they
had been issued iu excess of the amount allowed by law. The rtmalnder of
New
:
the issue
is
good.
See Chronicle July
15, 1899.
St. Augiisliiie, Fla.—Smt Dismissed,— Judge Call on Sept.
31, 18^9, dismissed the suit brought by W. C Middleton and
others to restrain the city from issuing the $20,000 electriclight bonds voted last March.
Syracuse, N. Y.— Injunction Modified.—The Appellate
Division of the Supreme Cturt has modified the injunction
granted by Justice Pardon C. Williams on Jaly 31 1899. As
stated in the Chronicle at the time, the city of Syracuse
offered for sale an issue of $l,000,00() i% refunding bonds,
btit was prevented from disposing of the same by an injunction restraining it from issuing i% bonds when an offer had
been made for 3 ptr cents. Under the order of the Appellate Division the city is authorized to is-'ue and sell at public auction to the highest bidder registered or coupons bonds
bearing interest at a rate not exceeding i% and in an amount
sufficient to pay up and retire the bonded indebtedness to be
refunded, together with accrued and accruing interest
thereon not exceeding $70,000; said bonds not to exceed
October
7,
THE CHKONICLK
1899.]
thirty years in term of payment nor to be sold for less than
their par value, and no more bonds to be sold, issued or
awarded than, with the premium which shall be derived
therefrom, shall be necessary to realize the sum of $1,000,000
of prircipal and the interest, not exceeding $70,000.
Under
this order if the city issues
bonds at a high premium, it
can sell only such an amount of these bonds as will yield
with the premium the sum needed.
H
Bond
Calls and Redemptions.
(Col.) School l)i strut No. 22.—Bond
Higgins, Treasurer, has called for payment
within 30 days from Sept. 15, 1899, at the office of the County
Treasurer, the following bonds
$5,000 bonds, Nos. 1 to 10,
Inclusive, dated August 1, 1891, and $5,OtO bonds, Nos. 1 to
10. incluive, dated August 1, 1892
Helena, Mont.— Bond Call.—B.. F. Tilton. City Treasurer,
called for pa\ment October 1, 1899, at the Hanover Nati' nal
Bank, New York City, or at the Union Bank
Trust Co.,
Helena, Q% sewer bonds Nos. 1 to 130, inclusive, each for $500,
dated July 1, 18*^9; also bonds Nos. 131 to 195, inclusive, in
denomination of $1,000 and bearing same date.
Tensas Basin (La.) Levee District. Bond Call.— This district has called for payment Oct. 15, 1899, at the Merchants'
& Farmers' Bink, Monroe, La., the following bonds. Series
"A," dated March 1, 1887
Nos. 1 to 13, inclusive; 18 to 32,
inclusive: 35 to 37. inclusive: 40 to 45, inclusive; 47 and 50
to 53. inclusive. John P. Parker is President of the district
and J. L. Borden, Secretary.
Arapahoe County
Call
— George F.
:
&
:
Bond Proposals and Negotiations
this
week have been as follows
Akron, Ohio.— Bond Sale.— On
Sept. 30, 1899, this city sold
$5,500 4? coupon Fay Street improvement bonds to The Lamprecht Bros. Co., Cleveland, at 100 872. Five of said eecurities are in denomination of $1,000 and one of $500, all dated
Oct. 3, 1899; interest will be payable semi-anijually at the
National Park Bank, New York City. Principal will mature
yearly on Oct. 3, $1,000 from 1900 to 1904 and $500 in 1905.
Augusta, Ga. Bond Sale. This city has sold atpiivate
sale to Kos-nberger
Livermore, New York, $66 000 '6}..i%
gold refunding bonds at 102'50. Securities are in denomination of $1,0011; interest will be payable semi-annually. Prin
cipal will mature Nov. 1, 1929.
Bayonne, W. J. Bond Sale.— It is stated that the Sinking
Fund Commissioners have taken $17,000 4% bonds of this city
at par.
Cape May, N. J.— Bond Sale.—Oa Oct. 3, 1899, the $17,000
4% 3ii-year refunding bonds were sold to several parties a'
107 and 1 04 -50. For description of these bonds see last weeks
Chronicle,
p. 711.
—
—
—
Cliarleroi, Pa.
BoTid Ofering. Proposals will be received
until 7 p. M. Oct. 10, 1899, by the Finance Committee of the
borongh J. W. Cordes, Chairman— for the $96,000 4% 1 30year (geri&l) improvement bonds which were voted in July
last.
Se urities are tree of tax. Proposals must be accompanied by a certified check for $1,0C0, drawn on a national
bank.
Columbus, Ohio.— Loan Authorized.— The City Council
has au'horized a loan of $50,000 for use of the sanitary fund
to prevent a recurrence of another small-pox epidemic.
Como, Miss.— iJond Q^mng.— Proposals will be received
until 7:3'> p. M Oct. 12, 1899, by E. P. Coleman, Town Clerk,
for ?8,500 b% 6-20-year (optional) water- works bonds. Interest
will be payable annually.
7 (P. 0. Lusk), Wjo
Sept. 28, 1899, the $650
bonds of this
district were sold to the State of Wyoming at par. No other
bids were received.
Coshocton. Ohio.— Bond Sale.—Oa Sept. 19, 1899, the
$2,700 6? 2-7 year sewer bonds were awar ded to the Comtmercial Baik of Coshocton at 111 '20. For description of
bonds see Chronicle August 26, p. 459.
Cowley Coiiuly, Kan.— Bond SaZe.— This county has issued
$94,000 A% refuriding bonds to the State School Fund Commissioners in exchange for a like amount of 6 per cents.
Cuba, Allegany County, N. Y.— Bond Offering.— Pt^ posals
will be received until 1 p. m. Oct. 14, 1899, by J A. LauLiog
Village President, for $4,000 Z%% coupon additional watersnpply bonds. Secnnties will be in denomination of $1 OJO,
dated Oct. 2,1890; interest payable October 1 at the Cuba
National Bank, Cuba. Principal will mature one bond
yearly on Ootober 1 from 19u4 to 1907, inclusive. Bonds
were aothonzed at a special election held S p'. 2, 1899, also
by a resolotion of the Village Board passed Sept. 27, 1899
and are issued pursuant to sections 55, 56. 60, 129 and 225,
Chapter 414. village laws of 1897. The total bonded debt of
the village, itclnding this issue, is $34,000. all water bonds;
total assessed valuation, $719,645; population, 1,500.
The
official circular states that the village has never defaulted
in payment of interest or principal on any of its obligations.
In the Chronicle of Sept. 23, 1899, we reported the sale of
a like amount ot bonds to Isaac W. Sherrill, Poughkeepsie.
are advised by Mr. Lanning that that sale was not legal,
as the bonds were issued for more than five years, which was
contrary to Section 129, Chapter 414, Laws of 1897.
Detlai.ce, Ohio.— Bond Sale.— On Sept 2 1899, the $13,000
41^% street-improvement bonds were awarded to Danison,
Prior
Co., Cleveland, at 105-20. Securities mature $1,300
yearly, beginning March 1, 1931.
Converse County Schorl District No.
»—Bond Sole.-On
We
&
Denver, Col.- Bond Election.— On Sept, 28, 1^99. the
Board of Aldermen passed an ordinance providing for submission to the people at the next general election of the question of issuing the $4,700,000 water-works bonds referred to
in our last issue.
There were only two votes against the
ordinance.
East Liverpool, Ohio.— Bonds Voted.— h.t the election
held Sept. 23, 1899, there were 619 votes cast in favor of and
61 against the issuance of the $20,000 Library l)onds. Details of the issue are not yet determined upon.
Elyria, Ohio.
Boner O^erino.— Proposals will be received
until Oct. 21, 1899, by W. H. Park, City Clerk, for $3,000 6^
West Third Street improvement bonds. Securities will be in
denomination of $500, dated Oct. 1, 1899; interest will be
payable semi-annually. Principal will mature one bond
yearly on October 1 from 1900 to 1905, incluive. Bonds are
issued pursuant to sections 2704 and 2705, Revised Statutes
of Ohio, and a city ordinance passed July 18, 1899.
EngleT^ ood, N. J. Bonds Voted and Defeated. At a special election held Sept. 5, 1899, the question of bonding the
city for $148,000 lor various parposes was voted upon.
are advised that all the proposed issues except the one for
$8.<^00 for fire purposes met with defeat.
Gloucester, N. J. Bonds Voted, At the election held on
Oct. 4, 1899, the issuance of $100,000 street- improvement
bonds was authorized by a vote of 327 to 160.
Greenville, Ohio.— Bond Sale.—Oa Sept. 29. 1899, the $66,000 4% street-improvement bonds were awarded to Briggs,
Todd & Co., Cincinnati, at 105. Bonds mature $4,400 yearly
on January 20 from 1901 to 1915, inclusive. For further
description of bonds eee Chronicle August 26, p. 460.
Hicksville, Ohio.— Price Paid for Bunds.are advised
that the $25, 00 b% street-improvement bonds were awarded
on Sept. 25, 1899, to the New First National Bank, Columbus, at 103*60. Principal will mature one bond yearly on
September 1 from 1901 to 1915, inclusive. For full descrip-
—
—
We
—
We
<
:
&
765
H
bonds see Chronicle Sept. 9, 1899, p. 562.
JS. J.— Bond Sale.
This place, we are ad
vised, has sold the $ 5,000 water bonds which were mentioned
tion of
—
High Bridge,
Chronicle August 5, 1899.
Humboldt, Kan. Bond Offering.— Proposals will be received until Oct. 10, 1899, by James Perry, Mayor, for $3,200
Q% 20 year natural-gas improvement bonds. Bonded debt
in the
(exclusive of this i.«sue), $25,500; assessed valuation. $181,000;
actual valuation, |500,0j0; tax rate, §50 per $l,0uO; popula
tion, 1,780.
Hyde Park, Ohio.— Bond Sale.—Oa Sept. 23, 1899, the
$13,714 10 4}4% 110-year street-improvement bonds were
awarded to the German National Bank of Cincinnati at 105.
Idaho.— Bond Sale.— On Sept. 30, 1899, $7,500 5^ lO-'-O-year
(optional) Normal School bonds were awarded to W. J. Hayes
Sons, Cleveland, at 110626, according to reports.
Jamestown, N. Dak.—Bond SaZe.— This city has sold to an
Eastern capitalist S*.000 4% 2n-year bonds at par.
Kansas.— Bonds issued.— The State School Fund Commissioners have purchased $3,500 bonds of the city of Erie and
the following school district bonds: No. 116 of Greenwood
County, $600; No. 40 of Cloud County, $500: No. 43 of Marion
County, $700; No. 62 of Ottawa County, $6U0; No. 4 of Rawlins County, $400— a total of $9,300.
La Crosse, Wis.— Bond fiale.— On Sept. 30, 1899, the $52,000
S}4% 2('-vear refunding bridge and school bonds were awarded
to N. W. Harris
Co., Chicago, at 103 79. Following are
the bids
N. W. Harris A Co., Chicagu A53.P71 00 BrlpKs, Todd & Co.. Cincin.. .$52,764 00
R. H.Gay & Co. Boston
oS,625 00 Seasoneood & Mayer. Cincin. 52,v66 75
W. J.HayesA Sous. Cleve... 53,(00 00 Chas. H. Coffin, Chicago^.
52,051 00
&
&
.
.
.
& Co., Boston. 52,^20 40
For description of bonds see Chronicle Sept. 23, p. 662.
Lake City, Columbia County, Fla.— Bond O^ering.— Pro-
Denison. Prior
.
posals will be received until O^t. 20, 1899, bv the City Council, at the office of Wm. M. Ives, City Clerk, for the $7,500
5% street-inapiovement bonds which were voted on Sept. 14,
1899, the election being held pur.-uant to Section 702, Revised Statutes of Florida. Denomination of securities will
be optional with purchaser. Interest will be payable January 1 and July 1 at Lake City Bank or at the office of the
City Treasurer and the principal will mature Jan. 1, 1920.
At present the city has no bonded debt. Assessed valuation
is |)50,000; actual valuation, $800,000; current tax rate,
$12 5U per $1,000; estimated population, 3 000.
Lansingburg, N. Y.— Bond Sa/e.- Oa Oct. 5. 1899, $60,000
Sons,
4^ 50 vear water bonds were awarded to W. J. Hayes
&
Clovelan I.
La Pwrte,
Ind—
Bond Sale.—This city has issued and sold
$30,000 '6^% 20 year water-works-extension bonds to Mason,
Lewis & Co., Chicago, at 100-833.
La Salle County, Texas.— Bond Sale.— The State Baard of
Education has purchased $41,925 refunding court-house and
jail bonds and $5,000 road and bridge bonds of this county.
Lauderdale County, Ala.— Warrar.t Sale.— '\his county
has sold to the First National Bank of Florence $24,000 5%
court-house warrants, maturing $3,000 yearly, commencing
April 1, 1900, and .^3,500 &% bridge warrants, maturing on
April 1 of the years 1900 and 1901.
Lawrence, Mass. -Bond Sale.-Oa Oct. 4, 1899, the $32,000
4% 12-15-year (serial) school bonds were awarded to Towle
Fitzgerald, B ^ston. at 109-10. Following are the bids
109- 10
Blodset, Merri't & Co., Boston. 10b'09
Towle & Fitzgerald, Boston
J0808
10Sofi7 Adams* Co. Boston
K. L. Day * Co., Bo- ton
108-> 37
Esi abrook 4 Co., Boston
J08-39
E. H Gay &Co. BosK-n
107-89
Boston
Co..
10>--3-5
Parker
4
.lose,
N W. Harris A Co.. Boston
106-79
E C. >tanwo>'d AOo., N. Y
.10818
Blake Bros A Co., Boston
106"396
B. H. Rollins A Sons, Boston... li 8086 Kine.* 4 Cumminjfs, Boston
&
:
.
For description of bonds
see
Chronicle
Sept. 30, p. 7i2.
THE CHRONICLE.
766
Lehi City, Utah.
September 16, 1899,
—
Bond
Offering. At
to issne
an election held
was voted
a $6,000 10-year
gold bond. Edward Southwick, City Recorder, writes us
that proposals will be received at any time for this bond.
Livonia, N. T. Bond Offering.— Froposals will be received until 1 p. M. Oct. 11, 1899, by Emery A. Smith,
Village Clerk, for $22,500 o-29-year water bonds. Interest,
which is to be at a rate not exceeding 5%, will be payable
semi-annually. A certified check for |200 will be required.
Los Angeles, Cal. Bond Offering. Mr. C. H. Hance,
City Clerk, has wired us that proposals will be received until
Oct. 23, 1899, for $200,000 ^%% school bonds. Principal will
mature serially for 40 years.
Manitowoc (Wis.) Joint School District No. l.—Bond
Sale.—A\\ bids received Sept. 30, 1899, for the $12,000 i%
school bonds were rejected and the bonds sold at private
sale as 3^2 per cents.
Middletown, Ohio.— Bo^d Election.— Ihie, city will hold
an election on Oct. 23, 1899, to vote on the question of issuing $100,000 improvement bonds.
Mound City Township, Kan.— Bond Sale —On September 11, 1899, the $14,500 refunding court-house bonds
Niver Co., Chiwere awarded to Trowbridge, MacDonald
cago, at par for 5 per cents. Securities will be dated Jan.
1, 1900, and will mature in 30 years, subject to call after 10
denomination of |500 and the interyears. They will be
est will be payable semi-annually.
Mount Carmel, Pa.— Bond Sale.— On Oct. 2, 1899, the §88,500 A% 10 20-year (optional) refunding bonds were awarded to
the First National Bank of Mount Carmel at 104. Following
are the bids
it
—
&
m
:
Premivm.
Premivm.
First Nat. Bank, Mt. Carmel
W. J. Haves \ Sods, Cleve
I.amprecht Bros. Co., Cleve
Denison. Prior & Co.. Cleve
*
Sailer & Stevenson, Phila
§1,2 12
BriKss, Todd & Co.. Cincinnati... I.IC;')
81,540
*1,74*
Holzman &
1,2.30
Feder,
1,220
Seasongood & Mayer. Cin
Mt. Carmel BankiDg Co
750
427
Co., Cincin
Par
Bid rejected because subject to conditions.
For description of bonds see Chronicle Sept. 9, p. 562.
Mount Vernon, N. Y.—Bond Sale.— On Oct. 3, lb99, the
5< tax-relief bonds were awarded to C. H. Imhoff &
$60,0(
Co., New York, at'104'28. Following are the bids
104-2M
C. H. Imhoff, New York
W. .T. Hayes & Sons, Cleve
Jii3'50
Bertron & Storrs, New York
Jose, Parker & Co., Boston
102-60
I>enison, Prior* Co., Cleve
H. Kleybolte & Co..N. Y
John D. Everitt & Co.. N. Y
.J02-27
:
101-84
Ol'^o
101-75
I
i
I
[Vol. LXIX.
Principal will mature Oct. 1, 1902. For full description of
bonds see Chronicle Sept, 23, 1899, p. 663.
New York City.— Bonds Authorized.- On Oct. 5, 1899, the
City Council authorized the issuance of $2,000,000 bonds for
repaving streets in the various boroughs. The Board of
Aldermen authorized these bonds some time ago.
Nobles County, Minn. Loan Negotiated. We are advised
that this county has negotiated a loan of $30,000 with the
—
State of Minnesota.
&
p. 713.
North Hempstead (P. 0. Manhasset, N. Y.,) School District.- Bond SaZe.—This district recently sold $6,000 ^^%
bonds to the Roslyn Savings Bank, Roslyn, at 101.
Norwood, Ohio.— Bond Sale.- On Sept. 14. 1899, the $5,000
4.% 20-year sidewalk bonds were awarded to Feder, Holzman
& Co.,
Cincinnati, at 108 05.
Chronicle August
Odessa, Lafayette County,
per cent street
Improvement bonds.
(6)
Sealed proposals wiil be received by the undersigned until noon, October 25, 1899, tor the following securities.
Ten bonds series "A", $554.45 each.
Ten bonds series "B", S387.98 each.
One bond of each series wil mature yearl y Money
or certified check for *ii>o wtll be required.
1
.
WANGLBR,
City Clerk.
Wellston, Ohio.
WE OWN AND OFFER
#66,000
AUGUSTA, GEORGIA,
SH.% SOYear Kefunding Bonds,
DUE NtiVEMBER.
1.
19i9.
Price on application,
Rosenberger
Specialists
40
in
&
Livermore,
Southern and Western
Bonds.
Municipal
WALL STREET, NEW YORK.
THE
Lamprecht Bros. Co.
Centnrr BulldlnK.
IN
MUNICIPAL, RAILROAD,
STREET RAILWAY & CORPORATION
BONDS.
LISTS SENT
UPON REQUEST.
Information inven and auotattons furnished conoerninK all classes of stocks and bonds that have a
Cleveland market.
Y.—Bond Sale.— On Sept. 29, 1899, the $10,30-year water bonds were awarded to Briggs, Todd
Co., New York, at 105*40.
Following are the bids
Brigg". Todd & Co., New York. 105-40
B. C. Jones & Co.. New York.... 102-375
10.5-57
C. H. White & Co., New York. .101-95
W. J. Hayes & Sons, Cleve
Peekskill. N.
000
S^%
&
:
Bertron* Storrs, New York....l04-)!-5
104- >1
Geo. M. Hahn. New York
R. Klevbolte & ' o.,n. Y
R. B. Smith & Co., New York.
.
.
lo;v8l
103-79
GOODE&CO.
15
TREASURY.
Boston, Mass., Sept. 30, 1899,
Sealed proposals for the purchase of Massachusetts registered gold bonds to the amount of one
million four hundred fifty thousand dollars ($1,460,000 00) will be received at this office until J
o'clock noon. Monday, Oct. 9, 1899, at which time
they will be publicly opened and read.
The loans offered are as follows
$1,250,000 00 three per cent (3^) gold, due May
1,
DEAL. IN
SOUTHERN AND WESTERN
SEt'lJllITIES.
ROSENBEIKiKU & LIVERMORE,
(Specialists in
—
ture and Orders of the Governor and Council of the
Commonwealth of Massachusetts.
Principal and semiannual interest will be paid in
gold coin or its equivalent at the office of the Treasurer of the Commonwealth in Boston.
The right is reserved to reject any or all bids.
All bids must be accompanied by certified checks
fortwo per cent (2%) of the amounts bid for.
E. P. SHAW,
Treasurer and Receiver-Oeneral.
St^ooo
Ss
48
BoHtou Tei'iniual Co
N. V. Central A: H. R. RR
Illinois Central, Western l^ioes
Beech Creek RR. l mi iTlortgcngre
3^8
'AHa
4s
48
(Prin.and int. guar, by N.Y. Central & H.
Chlongo Rock Island
Pacific
Baltimore &, Oliio Ist inorteaKe
West End St. Ry
Cincinnati Edison Electric Co
R. RR.)
49
48
<3fe:
&
Perry, Coffin
4i4a
Ha
Burr,
60 State Street, Boston.
Rutland
Railroad
DUE JULY
E. H.
1,
1941.
ROLLINS & SONS,
19 MILK. STREET, BOSTON.
Blodget, Merritt
Twenty-Year Four and One-Half (43^0
Per Cent Improvement Bonds.
Sealod bids will be received by J. M. Gllliece,
of Council, up to October l«th, 1899, for the
purchase of 87,000 Four and One- Half Per Cent
Municipal Improvement Bonds, bearing date Sept-
Co.
First Mortgage i^ii Gold Bonds,
&
Co.,
BANKERS
Patton, Pennsylvania,
16
Congress Street, Boston.
15 Wall
Street,
New York.
STATE, CITY & RAILROAD BONDS
Oerk
and maturing
15, 1899,
in
twenty years. In-
terest will be payable semi-annually.
BOUGHT AND
SOLD.
APPRAISEMENTS MADE OR QUOTATIONS
FURNISHED FOR THE PURCHASK, SALE OR
N.W.HARRIS &
IS
NASSAU
ot
MUNICIPAL BONDS.
ALWAYS ON HAND.
CO.,
Commerce
BOSTON.
Send (or our Investmeat Circular.
NKERS,
ST. (Bank
121
BANKERS,
Devonshire Street.
Secaritles Netting from S}4 to 6«
EXCHANGE OF ABOVE SECURITIES.
LISTS ON APPLICATION.
BA
MUNICIPAL BONDS.
E. O. Stanwood Sl Co.
and
Municipal Bonds
Texas Investments),
FORTY WALL. STREET, NEW VOKK
State ol '^Taanachnsetts
<;ity of Maiden, IVIass
1929.
1200,000 00 three and one half per cent (.Z}4%)
gold, due Jan. 1, 1934.
The above loans will be issued in registered bonds
of one thousand dollars [(§1,000 00), and multiples
thereof, and are authorized by Acts of the Legisla-
S%.
WALL STREET NEW YORK.
WE
I).
This township has issued $32,000 4% 10-20-year bonds to refund a like amount of 5 per cents now called for payment,
as notert in another column.
HIOH-GRADE WARRABITS Government
Netting from 4 to
.
Shepard & Co., New York. 101 -67
Westchester Co. National B'k,
White Plains
Par
E.
For description of bonds see Chronicle Sept. 23, p. 663.
Peirce Township, Lawrence County, Mo.— Bond Issue.
MASSACHUSETTS.
ember
C. R.
SaZe.— On Oct. 2,
bonds
Co., Chicago, at 106 70.
were awarded to N. W. Harris &
For full description of bonds see Chronicle Sept, 16, p. 612.
Orange County, Texas. Bond Sale.— We are advised that
$7,000 of the $10,000 5-40-year (optional) bridge bonds recently registered by the State Comptroller have been sold to
the Orange County Permanent School Fund. Securities are
in denomination of $500; interest is payable at the First National Bank, Orange.
COMMONWEALTH OP
CLEVELAND, OHIO,
DEALERS
Mo.— Bond
1899, the $10,000 b% 10-20-year (optional) electric-light
INVESTMENTS.
City of Wellston, Ohio
T. P.
For description of bonds see
26, 1899, p. 460.
NJEW LOANS.
Five
H
Norfolk, Va.— Bond Sa7e.— On Oct. 5, 1899, the $544,000
30 year bonds were awarded to Feder, Holzman
Co., Cincinnati.
For description of bonds see Chronicle last week,
duke
M.
dnnlolpal Bonds.
Bids.)
FARSON.
IS'J
Banker,
Dearborn Htre*t
CHICAUO.
October
THE CHRONICLE.
1899.]
7,
Port Chester, N. Y.— Bond Sale— On Oct. 2, 1899, the
park-improvement bonds were awarded to the Port
Chester Savings Bank at par.
Port Clinton, Ohio.— Bond Sale.— On Sept. 9, 1899, the
$9,900 5% street, sewer and paving bonds were awarded to
the German-American Bank of Port Chnton at 103-53. For
description of bonds see Chronicle Sept. 2, p. 513.
Portland (Tillage), Mich.— Correcfzon.— Proposals for the
767
Talent School District No. 22, Jackson County, Ore.—
Bond Sale.-On
S3, 500
Sept. 15, 1899, §2,000 5% 10-20-year (optional)
bonds of this district were sold by the County Treasurer to
the Medford Bank, Medford, at 101. Only one other bid was
received— that of par by the Bank of Ashland, Ashland, Ore.
Tekamah, Neb. Bond 0#erino.— Proposals will be received until Oct. 23, 1899, for the $13,000 4% 20-year refunding water bonds mentioned in the Chronicle July 8.
certified check for $50 will be required.
Toledo, Ohio— Bond 0^eri«g.— Proposals will be received
until 7:30 P. M. Oct. 27, 1899, by Geo. U. Roulet, City Auditor, for $30,000 d% natural gas refunding bonds and $30,000
Securities are issued un3% general fund refunding bonds.
der authority of Section 2701, Revised Statutes of Ohio.
They are in denomination of ^1,000, dated Oct. 1, 1899. Interest will be payable semi-annually at the Importers'
Traders' National Bank, New York City. Principal will
mature Oct. 1, 1919. A deposit of money or a certified check
on some national bank of the city of Toledo and drawn
"without condition as to payment" for 10^ of the par value
of the bonds will be required.
Loan Negotiated.
Trempealeau County, Wis.
This
county has borrowed $31,000 from the State.
A
|20,000 S% water bonds will be received until 8 p. m. Oct. 16,
full del!:^99, and not Oct. 3, 1899, as stated last week.
scription of the bonds will be found in last week's Chronicle.
Portsmouth, Ohio.— Bond SaZe.— On Sept. 23, 1899, |30.000
A% 1-10-year (serial) bonds were awarded to The New First
National Bank of Columbus at 102-25.
Ponghkeepsie, N. Y.— Bond Hale.—This city has sold to a
local bank an issue of |75,000 3% refunding bonds.
Sanbin, Pa.— Bond Sale.-On Oct. 3, 1899, $37,461 26 i}4%
1-30-year (serial) sewer bonds were awarded to Briggs, Todd
Bonds are dated Oct. 2, 1899,
Co., Cincinnati, at 101-98.
and the interest will be payable semi-annually.
St. Bernard (Tillage), Ohio. -Bond O/eWng.— Proposals
will be received until 12 M. Nov. 2, 1899, by George Meyer,
Village Clerk, for $10,000 3i^<g debt-extension bonds. SecuriInterties are in denomination of $500, dated Nov. 1, 1899.
est will be payable semi-annually at the German National
Bank of CinciDuati. Principal will mature $1,000 yearly on
Nov. 1 from 1904 to 1913, inclusive. Bonds are issued under
Section 2701, Revised Statutes of Ohio.
Santa Fe, N. Mex.— Bond O^erinj?.— Proposals will be received until Oct. 16, 1899. by John H. Sloan, Mayor, for $10,000 4<g 20 30-Tear (optional) gold public-improvement bonds.
certified check for 2% of the bid will be required.
Santa Rosa School District, Santa Barbara County, Cal.
—Bond Sale.— On Sept. 18, 1899. $1,000 8^ bonds of this disFollowing
trict were awarded to H. C. Rogers at 108-363.
are the bids
A
&
&
—
—
Wellston, Ohio. Bond Ojfertngr.— Proposals will be received until|12 M. Oct. 25, 1899. by T. P. Wangler, City Clerk,,
for the following 5% 1-10-year street -improvement bonds
Ten bonds, " Series A," each for »554 45.
Ten bonds. " Series B," each for $387 98.
:
Securities are issued under authority of sections 2704
and
and are dated September 1,.
A
2705, Revised Statutes of Ohio,
H. C. ROBCrs
John A. Pirtle
Interest will be payable annually. Proposals must
1899.
be sealed and indorsed '• Bids for Wellston, Ohio, streetimprovement bonds No. 3." All proposals must be accompanied with money or a certified check for $100.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
TFheaton, Minn.—Bond Sale.— On Oct. 2, 1899, the $11,000
5% 15-year sewer bonds were awarded to the Minnesota Loan
& Trust Co., Minneapolis, at 103.
Santa Barbara Sav.
&Loan
First Nat. Bk., Barnesvllle. O. .102-60
102-10
H. C. Thompson
1G8-363
lOVfiS
B'k. 107-00
.
Principal will mature $200 yearly.
Sardis, Miss.- Bond Sale.— On Sept. 5, 1899, the $12,000 5^
20-year water-works bonds were awarded to F. R. Fulton
Co., Chicago.
&
INVESTMENTS.
MASON, LEV\^IS & CO.,
INVESTMENTS.
NEW YORK
BANKERS
60 Devonshire
[Established
..„-„
XOX-TAXABLiE
BOSTON,
CHICAGO,
Monadnock Bnildins.
INVESTMENTS.
CITY SPITZER & CO.,
BANKERS,
St.
Dealers in High-Grade
^K% BOKDS.
MUNICIPAL
RAILROAD
CORPORATION *^^"^*^"^"
BONDS-
Investment Securities^
SEND FOR CIRCULAR.
Making a
Choice Issues.
Street Railway and Gas Companies,
Leach
parson,
LIST ON APPLICATION.
35
EDWD.
JONES &
C.
BONDS.
York,
1
trowbridge,
Nassau Street.
ADAMS & COMPANY
&
BANKERSy
NiVER OO.
Bank
Bid?.
DBALBR8 IN
INVESTMENT BONDS.
CHICAGO
•
Members
of Boston Stock Bzohange.i
1899
The United
States
MUNICIPAL BONDS.
Life
Insurance Co.
THE CITY OF NEW YORK.
noYT Issued by this Compan)
eontaln the (ollowInK claiiBei
"After one year from the date of Issue. th«
liability ot the Company under this policy
shall not be disputed."
During 1^98 the Company made material
increase in Income, nsMets and surplus) and
ean thus claim a substantial sain in the
most important elements ot safety and proffresR.
WITHOUT
All Death Claims paid
DISCOUNT as BOOB as satisfactory proofs havo
been received.
Active and 8^icccsf>ful Agenti, wiihing lo repre$ent this Company, may communicate with
E. 000HRAX,sdrice-P7-esident,
at the Some Office, abi Broadway, New York.
Ist National
G.WILLIAMS
FRALKIGH
RICHARD E. COCHRAN
A. WHKKLWRIGIIT
J. L. KENWAY
WILLIAM T. 8TANDEN
ARTHUR 0. PERRY
Chicago.
Whann & Schleslngery
solicited.
DEALERS
Reference, First NalioncU Bank, Chicago.
Devitt,
Tremble
&
Co., MUNICIPAL and RAILROAD
SECURITIES.
MUNICIPAL BONDS.
First National
Bank
IN
71
BROADWAY
•
NEW YORK.
Bnlldlng,
State,
President
Vice-President
2d Vice-President
SA Vice-President
aecretary
Assistant secretary
Acnarj
Cashiei
Medicfci Director
JOHNP.MUNN
riNAMCX COMMITTSI
WILLIAMS
BOSTON.
Co.,
CHICAGO.
BURFORD
C.P.
Bank Building,
Correspondence
omoKBS:
H.
No. 7 Congress and 31 State Streets,
INVESTMENT BANKERS,
BIOHARD
GEORGE
&
Nuveen
John
»..,' Policies
OBO. G.
MacDonald
MUNICIPAL BONDS,
Igt Nat.
GBO.
NEW YORK.
421 Cnestnut St.
1850.
IN
Company, Western Municipal Bonds.
20 NASSAU STREET, NEW YORK.
&
NASSAU STREET,
Municipal, Railroad,
Street Railway and Gas
Philadelphia,
Specialty of
Spitzer Bailding, Toledo, Ohio.
CO.,
DEALERS IN
New
1871.1
Preg.
:
Chem. Nat. Bank
JOHN J. TUCKER
Bulldei
K.H. PERKINS, Jb.. .Pres. Imp. & Traders' Nat. B k
JASdKSR.PLUM
Leath
F.
R.
FULTON & CO.,
County,
la salle street, BRICGS,
CHICAGO.
School^
Bonds.
Municipal Bonds,
171
City,
TODD
&,
CO.
CINCINNATI, OHIO.
1
NASSAU STREET. NEW YORK.
THE CHKONICLR
768
tw
A.
Moc)x
'^ovU
M.KIDDER & CO.,
%xcUmiQC gouses.
&
H. Oliphant
Jas.
Co.,
BANKERS AND BROKERS.
BANKERS,
18 TTALIi
[Vol. LXIX.
STREET, NETT YORK.
20 Broad Street,
New
•
Yorli.
Telephone No. 3907 Coktlandt.
\Vm. J. Matheson.
Jas. H. Oliphant,
EstabllBhed 1865.
L. Norris,
Special Partner.
MEMBERS OF NK'V YORK STOCK EXCHANGE. Alfred
Members N. Y. Stock Exchange.
Allow
Bny and
interes' on deposits subject to sifiht check
sell on commission stocks and bonds either
for cash or on marKin,
and deal in
W. M. KWDBB
H. J. MOBSE.
CHAS. D. MABTIN.
OKO.
S.
WM. FaHNKSTOCK,
(Member N.
T. J. MUMFOBD. B. B.
T. Stock Elz.)
Coi.
DODSON
INYESTMENT SECURITIES,
&
John H. Davis
BANKERS,
changes. Private wire between the two offices.
Information given in regard to all Boston securities
and quotations furnished.
FLOYD & MOORE,
Bankers and Brokers,
EmPIRE BUIIiBING.
Co., STOCKS, BOKDS,
IWVESTMEMTS.
Members of New York Stock Exchange.
executed at
a'l
Especial attention iriven to sappiylng
aaohanees.
BOSTON OFFICE, 53 STATE ST.
Members of the New York and Boston Stock Ex-
NEW YORK.
WALL
ST.,
Mo. 10
Orden for Stocks and Bonds
Oilman,
Lapsley & Co.,
EXCHANGE COURT, N. Y.
General Banking and Stock
Exchange Business.
ACCOUNTS OF BANKS & BANKERS SOLICITED.
DTTSBEST ALLOWED ON DEPOSITS.
Transact
a
Co.,
BANKERS,
INVESTMENT SECURITrES.
Howard
&
Son
klKh-class
110
Acting President,
AUGUST BELMONT.
THOMAS
W.
Perry,
Mtniber of the N. T. Stock Exchange,
BROAD STREET. NEW YORK.
aO
INVESTMENT BONDS
Bought and sold on commission on the Excbansre
and on outside market.
TBT.KPHONE 2.360 ("ORTL.ANT>T
James N. Brown
Bankers. G2
STEPHEN LITTLE.
Consultine Engineers.
F. 8. PEARSON
WM. BARCLAY PARSONS
FORD, BACON & DAVIS.
Secretary and Treasurer,
EDWARD
CEDAR STREET,
NO. 62
In addition to a General
and
Sell
N. Y.
Banking Business, Buy
Government Bonds and Investment Se-
curities.
BOODY, McLELLAN &
CO.,
August Belmont,
PERINE.
T.
A. J. Cafsatt,
Marcellus Hartley,
Charles K. Flint.
Frederic P. Olcott,
James StlUman,
George Coopell,
G. B. M. Harvey.
John 1. Wateitmry,
George G. Haven,
George W. Young.
William A. Nash,
Joseph S. Anerbach,
ADVISORY COMMITTEE OF STOCKHOLDERS.
W. Bayard Cutting
T. Jefferson Coolidge, Jr.,
Walter G. Oakman,
Charles S. Fairchild,
Gustav. E. Kissel,
Isaac V. Sellgman,
'iS. R. Chapman.
A. D. J uUllard,
Henry W. Poor,
Louis Fitzgerald,
The Audit Company examines and reports on the
accounts and financial condition of corporations,
copartnerships, and individuals, and examines and
reports upon the physical cundition of railroad, manafactnring and other properties.
Its services are of value to investors, financial inMltutions, borrowers of money, directors of corporations, merchants, firms, and purchasers of properties
BANKERS,
No. 57 Broadwny, Ne^v V'ork City.
MEMBKHS NKWYOKK STOCK KXCHANGE.
INVRSTMEN DEPARTMENT
SECURE BANK VAULTS.
''
Frederick
Vice-President,
A. NASH,
Chief Consoltlnit Auditor,
WILLIAM
GREENE.
L.
Broadway
120
Building,
Manager,
NEW YORK.
-
Equitable
DUBECTORS:
BBOKEBS AND DEALERS IN
WALL STREET.
BROADWAY,
OF NEW YORK,
Burr,
BANKERS AND BROKERS.
66
Fahnestock & Co.,
2
&
Parkinson
Inyestment Securities.
The Audit Company
Send for <mr circular on Siiecial offeriug of 5% 80Year Gold Treasury Bonds on Water Plant located
In towns t'ordering on the Greater New Vork. Proceeds to b" \tsed lor extensions and betterments.
Bonds net 4^56
Henry
Emerson mcMillin,
B.
&
Emerson McMillin
40
WALL
&
Wilson.
Co.,
NEW YORK.
STREET,
DEALERS
GENUINE
WELDED CHROME STEEL AND IRON
Ctound and Flat Bars and 6-pIy Plates and Angles
FOR SAFES, VAtJLTS, &c
Cannot be Sawed, Cut, or drilled, and positively
IN
Co., GAS ^VORKS, STREET RAILWAYS
AND INVESTMENT SECURITIES.
Cedar Street.
dealers in
WM. M. HARitlMAN, Member N. Y, Stock Kxchange.
High-Grade Investment Bonds & StocliS. OLIVER
HAKRIUA.V.
MCHOLAS FiSH, S.necial.
UNMSTED SEOURITIES.
Burglar Proof.
CHROME STEEL WORKS,
<ole
Kent Ave. Keap and Hooper Ets.,
Ma»'f 'ers in the U. S. BROOKLYN. N.Y.
.lit.
Harriman
W. H. Goadby &
&
TRAlVSmSSIOIV ROPE.
Co.,
NEW YORK.
Co., EQUITABLE BUILDING.
BANKERS AND BROKERS,
BANKERS AND BROKERS.
NO. 24
BROAJD STREET,
No. 3
&
VESTMENT
Henry
J.
Foote,
BAXKERS.
NASSAU STREET.
J]S!
Business.
s
Newr York.
Hatch
CORDAGE!
Transaft a General Bankinar snd Stock Exchange
NEW
S. Campbkli<,
Borden harriman,
{
Members N. T. Stock
)
Exchange.
&
H. G. Campbell
Wall
11
SE( URITIES.
A AA U
Jn
D I DT
S N
A
Co.,
BOND AND STOCK BROKERS.
YORK.
I
E
A
L
THE AMERICAN
MANUFACTURING
CoMPAN Y,
Street.
VFW YORK
ir.liL
«.5
GOVERNMENT, MUNICIPAL Adrian
H. Muller & Son,
AND RAILROAD BONDS
AIICTIOIVEERS.
C, H.
WHITE
&
CO.,
BANKERS,
71
BROADWAY. NEW YORK.
AGENTS FOR THE
ANGLO-AMJBRICAir MAKKf
Regular Weekly Sales
OP
STOCKS
BONDS
EVERY WEDNESDAY.
W.
Vtd.,
and
F.
REDMOND.
Office,
No. ti4
LOUIS ME8IER
Pine Street. N. Y.
Charing Cross, London.
Individnal Accounts received subjec
to check
at sight in London
and Paris. Cable Transfers.
CBRONK LE VOLUMES FOR
SALE.
TO f>.\TE.
IVILLIAM B. DA^A <'01»IP.\NY,
1866
PINE,
ST..
coH\EB FEARL ST., NY.
JAMES
p.
GEDDES,
Unlisted Stocks and Bonds,
INVESTMENT SECURITIES.
1875 Cortlandt.
United
NEW
YORK.
leading
(joverament
States
So do the
Whiting Papers.
uses the
Railroads,
Insurance
Banks,
Companies and Mercantile Houses everywhere.
}ou are not using Whiting'a
If
LAnen Ledgers in your
samples.
office
write us for
For account books they are
They are made in tints
especially recommended for the eyes by
We will send you
eminent oculists.
un equaled.
a
pamphlet on the subject
free.
WHITING PAPER COMPANY,
HOLYOKE. Mass..
Broad Street,
NEW YORK.
STREET,
THE
MILLS BUILDINQ,
Telephonei
SPECIALTIES, ii
AND
150
DcANE
St.,
New
York
j
@FedFRASER