Full text of Commercial and Financial Chronicle : October 8, 1898, Vol. 67, No. 1737

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SATURDAY, OCTOBER 8, 1898.

57OL. 67.

CLEARING BOUSE RETURNS.

'

For the month of September the exhibit is less favorable
than for precediag months of the current year, thirty seven
cities included in our statement recording los3e3 from the
like month of 1897, and in the aggregate for the whole coun­
t r y the decrease reaches 1*2 per cent. For the nine months
vhe gain over the same period of a year ago is 21*7 per cent.

NO. 1737.

The week’s total for all cities shows a loss of 4-2 per cen t
from 1397. The increase over 1896 is 25’5 per cent and the e x cess over 1895 is 4T percent. Outsideof New York the decrease
compared with 189? is 3 4 per cent, the gain over 1896 Is
14-6 per cent, and the decrease from 1895 reaches 5-6 p. c
Week ending October l.

UUartnfi at—

1898.
1897.
1890.
P . H*nt
1896.
$
«
811+24.930
—4 t 575,784.820
68.172.S0!
+0-1 02.230.01!
17 .010 .50 >
.
+0*8 14 393 02< S3,100,295
10,485,57*
—0 ] IS,077.376 15,821,095
+ 9*.
3,705.402
3.0SO.907
1.807,8 !
+01
1.765.447
1,750,002
+4 5
1.010,5H
900.0CC
+3-'
soo.uot
—
1
*
1
922.12.
99.',901
818.1 1 —13*9
631,242
318,00
+0 1
290,900
3d2 7l0
—40 075,800,813 819.209,510
922,10.,X9o
115,041.?O5 —20 0 94,763,257 116.5: 9,878
5,097.2jo -16 1
6 055,0(K
2,619.l5t —13-5
2,318,535
3.186 727
l, 02,309 —9 2
1+40.457
1.451. 8i —10 0
1.209.831
1,510.996 -13*1
1.429,19!
1,639,943 —18 c
1,324.087
909,45* —29*1
1,082,981
733,47* +)0C
580 06!
6u6,9*S —10*4
480,427
132.417,127 —19*3 110,561,040 138,978.803
+7*1 80.288.693
X02 088,183
581
—8*2 10.550 56( 87.939
X2.3BO.V5t
13 710 500
—3 1
6.871.5 -4
5,045 281
8,887 898
+
114
«. 127,278
0.Ovl,5O<
6.810.19!, —18 0
■M1O.H0C
3,611,200 +28-U
3 177,3. (
+0 6
2.295,4/2
1.0*7.824
2.107,105
—82
1.006,81!
1.3.3.71C
1,970 H7
1,554,248 + 16*4
1.180,20!
759,50l +12*1
895 311
819388
+
20*4
588,932
482.321
292,011 +54 3
218,002
isVi.ps*
—6 0
391 096
305.411:
281.620
235,300 +8P 7
202 00 c
254.3o7
233.813 —3**y
238,842
000.943
—0-3
201,09*
152,151
) 68,699
+ 72
134.13*
121.155
190 579
—
9
7
190,407
172.191
V20.884
+3*8
297,75*

1898.
Wine Months.
774.0J4.P31
New York...........
00,308,17
1
1898.
1897.
P.Ct
1898.
1897.
P .O . Philadelphia
Pittsburg.......
Baltimore......
1
$
1
t
L
«
1
Buffalo..........
Ifew York— 3,113.8^8 001 3,452.*29.Ol —1-1 29,807.551 20* 23.3*1.104.728 +27’5 Washington...
Philadelphia. 277,290.82) 287,240,40] -3 5 7,008.833.03 2,305.870,702 1-15-7 Rochester......
77.030.926 09,130.22 + U * 721,718,90] «02+7* 395 +20*3
Pittsburg.....
00-.703 5*7 570.287,479 + 10 0 Syracuse. ......
f8.77l.3H 72.527,1‘25 —3’
Baltimore....
149,130.835 +4M Soranton.......
17,680,:-6" 18,9 2,05* —0 f lofi.8l2.5Ml
Buffalo........
I
7.522,695
0.921,099 48 7
7*.27U.12>
Washington.
71.399.307 +40 Wilmington....
00,702.3*0
7,2n. 901
0.009,311 + 10*2
58,1 7,011 + 14*7 Binghamton. ..
Rochester ...
4.069.601
42,530,45
3,331.04* + 0 -]
30. 8 '.3.0 +17-0 Total Middle
3yraouse....885.281,747
3,618,83-]
3.885.95) —O-M 34.151.10J
31,470.72- +8*3
Soranton ....
28, <42,*9
3,02 ,8 *I -2*7
20,210,399 + 8*0 Boston...........
2,945.912
Wilmington.
1,871.301
1,407,101 —8*5
13,418.’ 0
12,501.^0" +7-.1 Providence. ...
Binghamton.
•
3,881,580.816 3,SZ5,S0M1I —3*1 34,285, t02,*v7 27,25X.3uU,7dv +25*8 Hartford... ...
New Haven. ...
Springfield.....
Boston......... 398.P23.17U 446,483.710 —10-7 3,802,460.2 5 3,703.808.094 -+4*3 dprlngneid
19.857,10> 29,295,00* —2d
189,220.00'
103,9 -9,900 —2*4 Worcester,
Providence...
9a 80.5*5
2,810,84 —4*i
Hartford.....
93.2-0.43*
02.'*15,712 +0*7 Portland.............
045.13,
69 452.9of
0.5i7,188
0.59 \277 —1*1
58.329.119 + 1*9 Fall River..........
New H a v e n .,
5,942,441 —2*7
6,783,83*
54,010,3 <2
5u,3 7,219 +8-4 Lowell...............
io rln gfleld ...
0.O2*,O5t
57,420,0 1
6,1-9",621 + 0 1
53.309.852 + 7-6 New Bedford......
0
-n
0,135,2Of
0,570,092
53,701,2*5
50.011,243 +7*4 Total New Bng.. 106,8:9,554
Portland......
2 .v44.431
4.054,934 -27-1
28.798.12*
Fall River.....
31,551 25- -8-7
2.94030J
2,859.54t +3*U 26.2'A 145
23/35.540 +9*9 Chioago...............
Lowell........
+
10*0
20,
*32,4
65
2,181,37V
1,937.445
18.633 8 *- *92 Cincinnati...........
Tfew Bedford
Total N.Hnj 400,0*9,29* 610,53H.807 -9*8 4,4*5,3*0.y*7 4.270. *21,911 +4*0 Detroit...............
Cleveland...........
4.790 011
Ohloago........ 437.523.077 415,735,429 +5-2 3,904.007,11*- 3,188.700.220 +243 Milwaukee..........
4,600.. 0
49.022,40C 60.415.200 —2*6 480.4 10.0i-C 457,510.350 + 49 Columbus...........
Olnolnnati....
26.201,818
24.153.612
-t8*5
2o5,1*0+2
Detroit.......
21i ,409 7y8 +17 9 Indianapolis......
32,180,630 20,203,93- + 2 V0 283,513 13
C leveland . . . .
228,70J.711 +239 Peoria................ .
19.303,918 22,206.020 —12> 190.222,701 173.:-87.385 +9*7 Toledo................
M ilw a u k e e ...
851.077
17.llV.10*
14,2"2,00' + 19-9 162,57l,«0«' H4.lv 2.050 +13*8 Grand Rapids.....
C olu m bu s. ...
10.5* 1.40' 10,017,4*1 -2*y
9-«,*14.147
In llan ap oL 's..
83,131.027 + 20 1 Dayton...............
0.34! 581
7.277.201 -12*7
02.399.828
57.218,02< +***1 Lexington..........
Peoria........
8.Or0.fc0
8,741,07* —7*7
71.022,399
64,840.708 +10 5 Kalamasoo...........
Toledo.........
3.710,100
8.240.632 4-14*3
35,211,0911
9-rand Rapids
28.132,534 +251 Akron.................
3,122,07
2.618,292 +ly*2
28,007.800
Dayton........
2/,"93.057 924*3 Bay City...............
1.9.5,110
1,379.97*
15.783.0"*
12.030.954 +3PI Rockford............ .
Leclngton ...
1,176,574
—
2
*9
1,211.08*
11,7
3.502
10,031.409 +10*3 Springfield, Ohio...
fLalamasoo...
1,254,200
1,021,80t
11.550,400
9,7 45,003 + 18-5 Canton......... .......
Akron.........
7*6.202
9*3 549 -19*7
8.024,907
7,205,900 r 10*4 Youngstown.........
Bay C it y ... .. .
853,2*4
.......
3l«,805 4-7 0
8,012,-386
7,274,913 +14*3 Evansville*..........
Rockford.....
4-11-7
754,31'
075,004
7.353.899
0,281.097 +IPI
Springfield...
708,8* 1
7?0.w46 4-8*0
7.7rt*.87»
0.1*4.24' +20*5 Tot. Mid. West’n. 161,012.950 144.406.832
Canton........
19 84\917
Tot.M. West 020,704,889 592,533,008 44*i 5,094,404,901 4,711,530,0*9 +20*8 San Francisco..
1.804.802
Salt Lake City..,
09.872.831 74.9'rO 179 -0 8 59l,',40,112 530.508,812 +IP5 Portland..........
San Francisco
1,700.959
4-3*0
0.938.33*
0,090.997
59,9l 1.264
62.<XW.319 +15*2 Los Angeles.....
Sait Lake Clt)
1,152,207
6,732.304
8.470.008 - 2 o*8
03. 87,521
45.91 ',155 *-44’4 Helena........... .
400,00"
Portland......
6.97-.15>6.468.194 -t 9'5
44,000,200 +24*0 Tacoma...........
Los Angeles.
0*0.082
8,043,71*
3.921,930 4-4 1
32.«68.5 <9
17.9OJ.980 +81*2 Seattle..... .
Taooma.......
000.000
5,0.19.047
3.215.011 450*.
50,413.117
21.985 539 +129* Spokane.........
737.1*2
Seattle........
3,400.062
2.803,574 4-2L"1 30,779. lOi
2\0»7.5*1 *-36*1 Fargo...............
114.316
Spokane......
1,3-9,024
451.217 4-208
Fargo..........
8,044,056
4,381.589 + 102 - Sioux Falls......
03,870
405,510
27*.*** + 46 0
4.047,571,991.305 +103* Total Paclflo..
Sioux Falls....
25.021.3St 27,288,451
102
8Ol,08v
1.5,333,769
—
2
*
.
Total Paolfl*
898,590,400 741.313.5,0 +21*2
11,449 130
Kansas City........
50,011,139 49.752,078 4-0*6 419,303.12
Kansas City..
30I,C8J,187 +70 Minneapolis........
11,509,781
88,030.801 40.872,443 —5*6 3Oi>,3H8,90J 261,000,300 + .9*7 Omaha................
7,025,t8i
Minneapolis..
6,753 17*
28.069,181 23.230,190 4-20*8 824, 50,477 170.001,917 +31*4 St. Paul..............
Omaha........
5 270,990
18,925.457 20.533,148 -7*8 145.621,014 120.590,304 + 13-0 Denver..............
St. Paul.......
2.133,50*
11.878,040
Denver.......
9.404.5U + 2 •*.
108.030,924
92,235.079 +17‘8 Davenport..........
588 815
3,102,8*9
3,001,82*' +1-3
27.40*. 100
22.393.170 +2i+ St. Joseph .........
Davenport...
1619 028
10.653.210
0.491,183 +04*.
St. Joseph ..
03.139.739
47.723.290 +95*2 Des Moines.........
1,114 701
1,0 0 00 00
6,316.303
8.855.162 437*9
45,668,27
35.810,141 +2 7*.5 Sioux City..........
Des Moines.
1.005,807
871.091
3.3*3.894 4-10*5
3,095.022
21,003.970 +34 7 Lincoln..............
Sioux City ..
29.181.902
369,032
1.575, 03
1,510.734 +39
Lincoln ......
12,909.029
11.748,104 +9-9 Wichita..............
401,6*8
1.4*1.101
1.396,57.* 4-4-7
16.0 .1.288 + 12-0
Wichita......
10,7*8,520
532,014
474 009
2.281."23
2,233,057 4 -'2 *i
Topeka........
20,346,321
10,2^7.1*5 +25 4 Topeka...............
1»9, i07
Fremont.............
404,037
409.250 -13 7
-H5'0
Fremont......
4.112,811
2+35,027
103,414
Hastings............
390 719
421.482 —5-9
4,057.410
Jf.389,070 + l*-9
‘Hastings.....
11,302,740 41/ 13,287
Tot. oth’r W 170.392,345 100,682,119 +5*9 1,461,001.397 l,2Oy,i.00,ui.4 +20*1 Tot. other West
St. Louis............
26.9ri.i38 27.887.749
St. Louis....- 111.007,204 120,130,947 —5*1 1,013,380,453 980,902,100 +5*8 New Orleans.......
0.2 0 743
0,7] 1.825
25.592,551 28,084.005 —8*9 305,003.301 277,177,288 +10*3 Louisville...........
Nsw Orleans.
7 054 829
0 302.750
24,15**.103 26.102.344 -4*0 254,800,239 236.150,583 +8-1 Galveston...........
Loaisvllle....
3,017,650
5,3t9 400
17,951.450 13,452,350 4334 112,312,400
Galveston....
88.810,300 +20*5 Hoaston.............
4.40 ,000
4.780,891
17,234,2*)3 10,88l,o82 -42*1
09,253.890
Hoaston.....
92.-t91.040 +T-I Savannah...........
3.417.047
3,0 4.8*0
11.028.865 13.380.01l! -17 5
Savannah. .
1-L205.3' 1
8 0 .722.0' 0 +0-7
2,360.852
2 312 397
9,633,272 48*5
10,451690
00,921,499
R'ohmond ...
84,193,800 +15-1 Richmond...........
1,485.729
1.955,177
0,093,140.297.347 -3*2
70,200,095
Memphis......
00,910.559 +25*1 Memphis............
1,212 974
Atlanta............
.
1.2*8,899
4,964,528
5,3;4.8ll
—
0
*8
49,208.301
48.305.5*3
Atlanta .....
+ 17 Nashville............
1,008,0*9
J.
"07.203
4,349,807
4.279.573 4-ro
42,595,507
39.054,080 +7*4 Norfolk.... ......
Nashville....
983
720
90i,928
3.864,890
3.5-8,103 +8*3
Norfolk......
35,305,310
32.874.500 +7-0 Fort Worth.........
003.655
682.010
2,845.678
2,877,470 —1*1
p->rt Worth..
31.790,152
24,002.28-8 +28-7 Augusta...............
1.2v4
280
923
990
2,948.371
4.093.431 —37*2
\ugusta......
£5.227,433
27,108,00j -0-9 Birmingham.........
459 115
1,72L,333 -5*5
1,020.807
10.09*.305
] 4.195.118 + 15*2 Knoxville.............
Blrm ngham
574.075
643,13*
2,211.155
2,010,884 4-9*7
Knoxville ..
19.705.111
>7.0*7.890 + 15*3 Little Rock..........
80
.595
254 480
1,07*,973
Lillie Rock..
1,213,098 -13*
12,809.370
10,817.983 +184 Jacksonville.........
182.578
135 13*
875,4f.9
708,373 4-23*0
3.2 19.083
8,188.512 +0 0
I tcksonvllle.
292."27
203.000
1,308.374
1,136,792 + 15-2
12.090.0170
■0***tanooga
10,579.445 +22*9 nhattanooga.........
617,000
49 >,000
1.872.000
3,154,00" —10*0
10 .308 .OoO
Macon..... ..
2",350,OOO -48 Macon..................
Total Bout! 254,456.0o5 203,731.1*0 —3*6 2,343,*9l ,*08 2,160,3 *8.756 +8 5 Total Southern.. 03.657,1*9 01 217.908
Total all.... 5,4 0,6*4,7 0 5,504.6u4.7yy —1*2 49.119 001.070 40, 53,140.7V* +21*7
Total all.......... 1,270.816.62* 1,332 407,596
Outside N. 1 2,082,050,049 2.112,275,76 -14 19,311,010,4<2 10,9x1.970,0*0 +1**8 outside N. York. 502,720,695 -620,682,610
Montreal. ..
01.850.008 55,080,159 412*3
420,»70.171 +26 7 Montreal............
14,109 376 12.401.980
83.932.850 82,400.6U 4-4*6 510.070.674
Toronto ....
310.685,00" 205.522.060 f 193 Toronto. .............
8 060.465
4,900,0 0
Halifax.....
5.1*1.800
40,728,923 -25
45,661,410
..............
1,115 S3
Winnipeg ..
0.414,551
♦7.808.094 +23-3 Halifax
8,035,201 -20 2
59,001,303
Winnipeg
.....
1.696 412
2, 73.218
iam»i»on...
21.407,290 +67 Hamilton.... ....
2,971.83" -07
20 051.327
02i.0f’5
558 83'
2.608.034
St. John......
2,020.30* -4*y
22.710,432
22.4*3,429
516.(97
520.832
St.John...............
Tot.
112. 8
100.3*9
* 6 7 1.H0J.84 '.27 •
+
21
8:43 359.670
Total Uauada
20.021 <80 "25.185.360
•Notlnoludeo la cotais.
7 1«.
September.

::::::::

+4*9 115 854 209 144,752,675
-14*A 15,244 008 17.178.781
— 20 a
1,001.470
1.234,927
+5 y
1,35 <
1.003
1147,209
-t-0-4
825,099
1/.
O7,*90
+ 8*0
419.869
728 997
+ 101
449,109
0<8,014
+71 2
400,000
515,000
+7 1
608 954
005.598
+ 2r0 0
2*0,505
200,000
+3d*9
54+70
81750
-8 3
20,023,689 23.503.t78
+4 4
9,931 151 10.282 5?4
—1*5 It 545.410 12.3f 4.023
+22 1
3,473 283
4,397 910
—*3*2
4 228,028
4.295,432
+10‘9
1,887,442
3,8j0.730
+14*2
441.607
2.153,000
+70*3
■500.01 0
1.160,306
7 111
936.152
1,180,018
+15 6
474,119
0bl 138
—4 3
481.130
225,030
+0 8
8*8.643
26127 2
350,185
845,108
+1?«
—10
76.825
04.*08
+l9"l
80,893
- 87,987
+ 0'0 35,035,329 40.773,533
—7*1 21 7‘ 0.176 25 081180
—74
8.236 3*8 10,8<!0 400
+10-9
0 474 3*9
5,129 975
3 778.045
3,283.650
-1-45 8
* 8-7
3.0r7 4 12
3 242 055
—49
3 813.030
4 2- 0.471
+ 0*8
2,380,928
1,75'1,000
-24 0
1058.922
2.322,7*0
1,525 708
1,413,040
1,114,790
834, 81
nt
1 011,501
+1-9
1.036,r 5"
-2*7
f9l.e45
004.0 0
—22-9
985,423
$82,003
+y*3
431,2*6
40* 119
+5'7
477.028
376 3*0
850,000
-10 7
201.1*3
225.880
4 35 1
180,120
273,854
+ 10 7
207,249
-10 4
-0 9 58,493.2‘10 04,730 979
-42 1,014.418.208 1220 848.378
-3*4 438,003.448 688 028,679
9.018.173 11,732 690
+13-7
0,000,010
0.436.730
+39
1.351,837
1.213,820
-6 0
1.170+87
1.082,327
—39*8
788.344
038
093
-10*6
482 590
+ 11
2
1
038
058
+0 3 19.472 019

710

THE CHRONICLE.

THE F I N A N C I A L SITUATION.
Tho centra of interest this week has boon the sugarre lining business. Every one knows that for a long
time rumors were afloat of u sugar war in prospect
between the American Sugar Rffining Company on
the one hind and the independent relinerios, chief
among which are the Arbuckle Brothers, on the other.
Notwithstanding these reports tho price of American
Refining Company’s stock kept moving up until
Friday. August 26, when the common touched 146J.
That figure was the turning-point. Since then the
price has been steadily declining. Last week a new
development was the drop in refined sugar in the
aggregate of about J) of a cent per pound. This was
at first construed as the actual beginning of the con­
test, and American Sugar Company’s stock conse
queutly touched on Wednesday, September 28, 116§-.
From that point a natural reaction set in, it being
claimed by some that the decline in raw sugar and
other business conditions warranted the lower price
forjthe refined product. But on Wednesday of this
week the real situation of the parties was made
evident by a further cut of J of a cent per pound for
granulated sugar by the American Refining Company,
and a quick response to that act by the independent
companies, they having the same day again cut the
price an eighth, bringing granulated sugar in the bar­
rel down to 5 cents per pound, which is said to be
below the cost of manufacture—showing obviously
that the war between these large interests was at
length fully under way.
We mention these details here, although the facts
are given in other departments of our paper, because
the operations and movements narrated have been for
the time being a dominant unsettling influence in the
Wall Street security markets. Such a feature in the
situation is the more noteworthy since aLl other con­
ditions are growing day by day more favorable. Gen­
eral trade is no doubt widening. The revival early in
September was confined to a few large interests; it
now includes almost every industry and is expanding
still. Another encouraging feature is that the for­
eign demand for our wheat continues and the price is
further moving upward, not under speculative but
under genuine influences. Among these are the large
exports of wheat and the reports that the offerings by
Russia are growing loss. A special demand is like
wise apparent for onr rye; and with wheat and rye in
request for Europe, other food products are advanc­
ing. Then, too, railroad gross earnings are affording
stronger evidence of tho increasing volume of busines- under way. This has been a conspicuous feature
tho current week, tho Western roads showing large
gains in faoe of a smaller grain movement than a year
ago-

An event which has attracted considerable atten­
tion has been the closing of the doors of tho Trades­
men's National Bank. Being a member of our Clear­
ing House and an old bank it is reasonable that the
incident should excite a good deal of attention. Be­
sides those conditions, there are others which give
prominence to -uch an occurrence. Banks, in their
character of public institutions, are organized for the
purpose of keeping money safely. A bankruptcy
among them is consequently a failure in a chief object
of their existence and alwayB causes a feeling of sur­
prise much greater than the announcement of insolv­
en cy by any mercantile establishment. Then, too,

[ V o l . L X V I1 .

the fact that it was a national organization, belong­
ing to a class which depositors are apt to think have
a quasi guaranty of solvency by the Government
through tho examinations the law provides, has tended
further to give to the statement issued by the Clear­
ing House Committee, that “ the capital of the hank
is largely impaired,” the character of an wholly unex­
pected disclosure. Of course it afforded no satisfaction
to depositors but rather increased their astonishment to
be told that in banking circles it has been known for
a considerable time that there was a struggle for ex­
istence going on there; a natural thought that sug­
gestion induced was, if banking circles were informed
why should not the public examiner have been put on
the inquiry and have discovered the defects ? A full
answer to this last question is that these Government
officers are in the nature of the case a protection in
much the same way and degree as a watch dog is with
a substantial bark but few teeth. The imposing
character of a United States official clothed with cer­
tain drastic powers serves by his very existence as a
deterrent of no little influence against wrong-doing;
and yet the most experienced examiner in the United
States, with the best of intentions, cannot sufficiently
get hold of the affairs of an institution in the time he
has to give to any single investigation so as to he able
to expose much more than superficial irregularities or
deficiencies.
We do not mean to prejudge the Tradesmen’s Bank
case. As yet the public is without sufficient details
with reference to the situation to draw any definite
conclusions. We are inclined to think that the affair
will prove to be merely an unsuccessful effort.to open
a wider field, without having the necessary money with
which to do it, for an organization that had begun
to fall behind. Before the new management went
into possession it will be remembered that the Trades­
men’s Bank was reporting not only a capital of $750,000, but a surplus of $150,000. Mr. Macnaughtan,
when he took control in 1895, immediately marked
off the -whole of this surplus, stating that it was
in good'part fictitious, there being many bad debts,
and others doubtful, which it represented. This
was a bold step, not necessary in its entirety
certainly, as subsequent events proved; for very
many of the claims were soon collected and the sur­
plus was in large part thereby gradually restored.
The bank, however, never fully recovered from the
shock of this announcement. Confidence is a more
important asset than capital with such an institution,
though not appearing on the books. The individual
deposits reportodjby the Tradesmen’ s Bank October 2,
1894 (the last return wo have from the old manage­
ment) were $1,564,279; the first return iii our pos­
session as avo write of the new management is dated
September 28 1895 and gives the individual deposits
at $1,329,526.
Here is an immediate net loss of
$233,753, or about 15 per cent, in that item, notwith­
standing the new management brought to their sup­
port quite a nuaiber of new clients when they
entered into possession.
We have no room here
to refer to tho subsequent increase in the deposits and
the false hopes of prosperity which it encouraged. It
is sufficient to add that few more risky undertakings in
a business way can be named than an attempt to-day,
under present laws, to establish a new bank in New
York City; we should almost say it would be im­
possible to make a success of the enterprise unless the
organizers brought with them, at the start, an uu-

October 8, 1898. j

THE CHRONICLE.

usually large clientage. If that be_true, would it not
be well-nigh hopeless to put prosperity into an old
concern situated as the Tradesmen’s]Bank was in Sep­
tember 1895 F
The renomination this week by acclamation of Con­
gressman Charles X . Fowler of New Jersey for an­
other term in the House of Representatives is an event
that has a wider interest than the limits of a Congres­
sional District. Mr. Fowler is a staunch and
vigorous champion of sound finance. As a mem­
ber of the Banking and Currency Committee of
the House, he has shown himself to be one
of the most useful as well as one of the
most aggressive of the members of that important
body. The divergence of views existing in that com­
mittee is well known. Because of this conflict of
opinion it is almost impossible to secure concerted
action in favor of any scheme of reform. But Mr.
Fowler has never ceased urging the necessity for
prompt action to place onr banking and currency
system on a basis where the danger to which it is now
subject could be avoided. Moreover, he has not
been so wedded to his own plan that he could not see
merit in the propositions of others. At the same time
he has been so earnest in hi3 pleas that he has won
the esteem of even his opponents. Nor has he con
fined his efforts to the precincts of Congress. On every
public occasion where his services have been enlisted,
he has taken piins to inculcate correct views of finance
and banking. His most recent public utterance was
at the Monetary Convention held at Omaha last
month on the grounds of the Trans-Mississippi Ex­
position. His speech on that occasion was at once a
capital diagnosis of the situation and an instructive
educational effort. The reports in the press regarding
his renomination say that every delegate at the Con­
gressional Convention seconded his nomination. This
is a well-deserved tribute to an intelligent and faithful
representative, and it is pleasing to know that his
constituents take the same view of his services as the
public at large.
We have referred several times recently to the pros­
perity and large gains in earnings enjoyed by the Ore­
gon Railroad & Navigation Company during the late
fiscal year— a prosperity which has permitted not only
the payment of dividends on the preferred shares but
also the beginning of dividends on the common
shares.
The appearance of the annual report
(it was printed in our railroad department last
week) directs attention to another feature in the com­
pany’s affairs. We refer to the great improvement that
has been wrought in the physical condition of the
property. The report adverts to this feature, and
indicates some of the ways in which the betterment
work has been carried on. Grades have been re­
duced, curves removed or lessened, bridges filled in,
steel structures substituted for wooden ones, heavier
rails put in the track, and various other changes of
the same nature made. On the main lines the rails
laid weigh 75 pounds to the yard. AVhile it is clear
that such work tends to increase the speed of trains
ami also their tonnage, and at the same time promotes
safety in operation while reducing cost, no one can
fully appreciate the extent of the change effected
except those who had occasion to travel over
the road before the improvements were made.
Because of the road’s numerous
grades and
the instability of the track, it used to be
said that a trip over the line would make one sea-sick.

711

All this has now being corrected. The result is seen
in the circumstance'that in a single year the train-load
was increased from 188 tons to 245 tons. Another
striking characteristic is that the cost of these im­
provements, as well as the cost of vadditional equip­
ment, has been charged to operating expenses and
paid for out of earnings. The outlays in this way ag­
gregated altogether $565,027. Moreover, the com­
parative figures we gave last week showed that the
company spent $1,032,677 for Maintenance of Way,
etc., in 1897-8, against only $561,002 in 1896-7.
Money on call has been easier this week, influenced
by the increased surplus reserves shown by last week’s
bank statement, and also by further engagements of
gold for import, and bankers’ balances have loaned
on the Stock Exchange at 4 and at 1£ per
cent, averaging 2 f per cent.
The extremes were
recorded on Monday, the higher rate in the morn­
ing and the lower rate just before the close
of the day. The range on Tuesday was from
to 2
per cent; on Wednesday and Thursday it was from 3 to
2 per ceni, and on Friday it was from 2J to 2 per cent.
Banks and trust companies have marked their loans
down to 3 per cent as the minimum.
Time con­
tracts are quoted at 2^@3 per cent for sixty to
ninety days, and 3 @ 3I per cent for four to six
months, on good Stock Exchange collateral. Com­
mercial paper is increasing
in
volume, and
there is a fair demand, some of the city banks
and a few of
the trust companies being in
the market as buyers. Rates are 3£ per cent for
sixty to ninety-day endorsed bills receivable, 3f@4^
per cent for prime (with sales of very choice at 3£ per
cent) and 5@6 per cent for good four to six months
single names. The outward movement of currency,
not only through the Treasury, but directly by the
banks, seems to be increasing again, and though it is
chiefly to the South some shipments have this week
been made to extreme Northwestern points. The re­
ceipts of gold from Europe, however, have more than
counterbalanced this drain. Gold payments at the
New York Custom-House continue large.
The pro­
portion of gold so paid last month was 78 per cent,
the highest yet recorded, exceeding that of May by
4 5 per cent.
Though there is no important feature in the Euro­
pean political situation, more or less anxiety is felt
regarding affairs in China. The reports of the death
of the Emperor have been denied. The foreign em­
bassies at Pekin have been threatened by the populace
and the ambassadors have ordered additional guards
from their fleets. The Boston and the Petrel have
been ordered to proceed to the nearest point possible
to Pekin for the protection of American interests.
The Powers have sent a collective note to the Sultan
demanding the withdrawal of Turkish troops from
the island of Crete within thirty days and requiring
that the withdrawal must begin within a fortnight.
The Bank of England minimum rate of discount re­
mains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety day bank bills in London
2f per cent. The open market rate at Paris is l£@ 2 per
cent and at Berlin and Frankfort it is 3J@4 per cent.
According to our1 special cable from London the
Bank of England lost £1,430,022 bullion during the
week and held £31,746,942 at the close of the week.
Our correspondent further advises us that the loss
was due to the shipmeut of £1,368,000 net to the in­
terior of Great Britain, to tlic import of £73,000 from

712

THE CHRONICLE

[ V o u L X V II.

With the Sub-Treasury operations and gold im­
Australia and to the export of £135,000, of which
£Ut0,UOit was to Egypt, £.'0,0
to Brazil, £10,000 to ports the result is as follows.
Argentine and £3.000 to Calcutta. The Bank of Ger­
Into
Out o f
Net Ohang* in
Week Ending Oct, 7, 1898.
many reports the extraordinary loss of 102,000,000
Bank*.
B ink*.
B ink Holding*.
marks since the last statement, due to the quarterly tanka'interior movement, aa above $4,801,000 $7,273,000 Loss $2,472,000
Sub-Traasuiy opor. and gold imp*ta 80,000,000 25,610,000 Gain 4,500,000
settlement.
Total gold and legal tenders...... $34,801,000 $32,773,000 Gain $2,023,000
The foreigu exchange market has been dull and
The following table indicates the amount of bullion
irregular this week, with a firm tone for long sterling,
partly in consequence of easier discounts in Loudon, in the principal European banks.
while short sterling has been barely steady. Bankers
Oct. 0, 1898.
OcL 7. 1897.
report increasing offerings of grain and cotton bills for
Bank of
Gold.
Silver.
Silver*
Total.
Gold.
Total.
prompt delivery, and also a good supply of futures
Jt
&
1
2
.«
$
1 31,716,942 33,190.103 .......... 33,196,If &
against these staples, though largest against cotton. Snclund ..... 81.748,042
74.8* >,840 49,188.463 123.810,3)8 79.4 *0.1 6 48.403,150 127,8 >3,318
Prance ...
There has been ovidence within a few days of buying Germany- . 24,367,000 12,647.000 86.904.000 24,574,000 12,815.000 37.4ffi 000
102.762.000
Russia
3,859 000 100.61i.000 114,JI65,00oj 4,^99,000 11\761,000
of long sterling for investment, to hold until it ran
Ausu-Hang’y 85.154.000 12.6 0.000 47.704,000 87,0^5.000 12,487.000 50.472.000
10,876.000 6.352.000116.227,000 9,028,000 10,620.000 19,618,000
to short. While such operations do not seem, at the 8paln ...
‘,000 16,2 *7,000; 8,308.000 17,633 000
Italy .......... 14,fP4 000 2.204.000 16.89■
moment, likely to yield a profit, still there may be Netherlands
4.814,004* 6,760 000 11,004 oo 2.6S0 >00 6.779,000 9,409;000
some advantage to the buyer resulting from the differ­ Nat. BeUtiuni 2,7 7.000 1 389,000 4.166.000 J|,7cQ,0joj 1,390,000 4,170,000
ence between the long and the short bill, provided the Tot-thlg week 400,890.782 94.140.463 395.1*1,215 319.195,274 99,309,t50 418 504,421
Tot. prev. w’k 308.271,38! 9S,37S,8JOt<0«,«l8,a02 321,631,870199,611.090 421,142.92®
long draft- cun bo carried here at less than 2 j per
cent. It is suggested that some of these purchases of
long sterling, which appear to be for investment, may­
TH E R A IL R O A D S A N D TH E P E N D IN G
be for the purpose of remittance to be made for set­
C A N A D IA N TREATY.
tlements at the end of the year.
A Joint High Commission is now in session at Que­
The posted rates for exchange have uniformly ruled
during the week at 4 821 for sixty day and 4 85 for bec, composed of six Commissioners appointed by
sight, Brown Bros, and the Canadian Bank of Com­ Great Britain and six app inted by the United States,
merce, who list week posted 4 82 for long, advancing who are engaged in the formulation of a treaty in re­
their rate on Monday. The rate for actual business spect to questions heretofore in controversy between
in long sterling was also advanced on that day one- the United States and Canada. Four of the English
quarter of a cent, compared with the close on Commissioners are Canadians and one is from New­
Friday of last week, to 4 81f@ 4 82, while no foundland. The high character and ability of those
change was made either in short sterling or cable engaged on both sides of Ihis negotiation has led to a
transfers, these remaining at 4 84@4 84£ for belief that important results will be reached in the
the former and 4 84J@4 81J for the latter.
The way of definitely settling at least some of the fifteen
tone thereafter was firm for long and with an easy topics under consideration. Certainly the time ittendency for short, and scarcely any business was done most opportune for attempting these adjustments,
in cables. The tone was steady on Friday. The and the questions are being approached by the nego­
engagements of gold announced this week have tiators in a very different spirit from that which ha*
amouuted to $2,500,000, consigned to Lazard Freres. prevailed in the contentions of the past.
The arrivals of gold from Europe have been 84,212,One of the subjects under discussion has reference
550. previously reported $L6,500,G00, making a total to the EO-called bonding privilege enjoyed by Canadian
of $20,710,210 on this movement.
The following railways in respect to traffic crossing the international
shows daily posted rates for exchange by some of the border. This privilege affects two classes of freight
leading drawers.
business, the movement of passenger business beiag
practieally free except as to the examination of bag­
rttr
Turns.,
Turn.., FTt) ,
Sn>t. 90 Oct, *
Oct. 4. Oct. 6
gage by custom house officials on either side.
Oct, 0. Oct. 7
60 days. n
82*
sm
9iiw
82*
The first class of freight business referred to is that
3*W* Bros_... fI Bight-.
M
X
• m
85
86
86
86
taring,
JOOdAjr*, M X
S3*
m i
mx
82'*
between
either country and foreign countries, which
*s*
MUfosa &Co- Uurht- . m
96
86
8b
81
6ft
tank British
J60 day*.
82*
through
the other country en route; for exam­
mx
az*
MX
82*
to, AtLsrlCft.. 1 Bight...
n
u
es
66
86
86
tank »f
ple, traffic between Eng and and Canada, through the
i 90 day*. m x
as*
*****
82*
es*
M
X
86
I Bight..
Hk
86
H6
H6
porls of Boston, Portland and New York, and traffio
At
taoadlan flank |OOdays
m i
to *
88!*
MX
HX
»f CotAKIftfOS,, l HtgbL... *4
»
u
86
86
*?6
between England and our Western cities through the
Seidelfcacb, lofc- 1OOdays
K*J*
UX
MX
62J*
MX
88*
*ib#!su*r A Co. •Bight...
85
8S
96
86
85
86
port of Mou real. In each case the cars are sealed and
JOOdays
82X
82*
Utaard
MX
0*
*6
) Botht..
r>H
£*
86
86
bonded during the transit through' the other country,
I(«r* Wants' Uk 409 days
HZ*
MX
«2*
82*
•f Canada .
W
ft
1Slrfht-.. 96
s*
66
86
to the end that Customs revenues of the United State*,
The market closed steady on Friday. Bates for and of Canada respectively maybe properly protected.
actual business in long sterling were 4 81 $ 0 1 82; short Each country welcomes the transaction of this com ­
4 84@1 84i end cable transfers 4 84J01 841. Prime merce across its boundaries and through its seaports,
commercial 4 811 0 4 811 and documentary 4 80 j 0 48 1j. and no question is made as to the continuance of the
Cotton for paymont, 4 8OJ04 80j, cotton for accept­ privilege in this respect.
The other class of business has given' rise to long
ance 4 81J 0 4 811 and grain for payment 4 8104 811 .
and
severe controversy.
It is traffic which originate*
Tne following statomsat gives the week's movement
and
terminates
in
the
Uu
tod
States or which origin­
of m jaey to and from the interior by New York banks.
ates and terminates in Canada, passing through theFUe*tMd by
by
Wmk Hn44ni Oct. T. 1*08,
N$t Interior
other country on its journey. Traffic handled through
Y, r. B+nk*. V. T. Bank*.
ti.17T.000 M. 808,000 Im -i **,im,ooe Canada between points in the United States began
<** 4............................._ .............
684,000 1*035.000 n®<« *il,oo« with the opening of the old Great Western Railway,
„ Cot*' gold and la -mi t-andara64.801 MOO *7.»7«.noo la m ra.<T2.ivw between Detroit and Suspension Bridge; it has en-

passes

October 8 1898. i

THE

CHRONICLE.

larged and expanded until at the present time it pro­
duces earnings of perhaps $20,000,000 per annum.
The traffic through the United States between points
in Canada is of more recent origin and of compara­
tively insignificant volume; it is increasing, however,
being principally between the eastern provinces of
Canada on the one hand and the northwestern prov­
inces on the other, via Chicago.
Business across the Dominion of Canada from one
United States point to another United States point is,
as already stated, protected by a bonding-in-transit
privilege. Bat this privilege rests simply upon mutual
arrangements between the two countries. It is not
protected by any treaty sanction, and hence is subject
to termination at any time by executive order or by
Congressional action. A t first involving only com­
paratively short distances, it now applies to a large
amount of long-distance traffic between New England
and New York on the east and Illinois, Minnesota and
the PaciSo slope on the west. Since the opening of
the Canadian Pacific Railway that company has been
aggressive in reaching into the United States for this
business, and unremitting in its efforts to prevent
Canadian business from passing through the United
States. Its route via Chicago has taken much traffic
from the American trunk lines both east and west­
bound. as it makes connection at Chicago for all
points west and southwest of that city. Its route be­
tween St. Paul and New England, via the Soo, has
secured a large share of the grain and flour business
of Minne -ota and the Dakotas. Its trans-Continental
line takes through Vancouver a considerable amount
of traffic between all points on the Pacific Coast and
all points south and east of St. Paul.
This state of affairs has created much feeling among
the American roads, not so much by reason of the
introduction of a new competing line— for they have
become well accustomed to that by long and fre­
quent experience—but chiefly because of the methods
employed by the Canadian road in seeking this
American business and the conditions under which the
competition has been conducted. For example, when
the Canadian Pacific opened its trans-Continental line
it announced itself a competitor for all traffic within
reach, and laid claim to a differential rate on the
alleged ground of its longer distance and inferior
facilities.
This was a great surprise to the
American trans-Continental lines, no such thing
a3 a differential on either freight or passenger
tuaincss being known in western railroad circles.
But protests were, unavailing; the Canadian road
backed up its claim by reducing the through rates, or,
In railroad parlance, ‘ 'taking the differential;' fo ra
time peace was purchased through the payment of a
subsidy; when this was abandoned the demand was
renewed; a rate-war was announced unless the con­
cession should be made; if engaged in, the Canadian
line would lose almost nothing, while all the American
trans-Continental lines would be subjected to heavy
sacrifices. After a time another peace was roaehed,
conditioned that the American roads should always
charge certain fixed sums more than the Canadian
road charged on both freight and passenger business.
'I his condition continued for several years, the Cana­
dian Pacific continually improving its line and its fa­
cilities, and taking more and more buginoss away from
the American roads.
This history relates to only one case of many in
which friedon has arisen between the American roads

713

and the Canadian Pacific. It is obvious that what­
ever claim the latter may originally have had to a
differential, that claim is measurably weakened now
that its facilities are equal to that of the Americans
roads.
The Inter-State Commerce Commission ire
their recent opinion respecting the controversy con­
cerning passenger rates laid great stress on the ability
of the road to compete on equal terms. Aside from
this, however, United States roads have what may be
considered a real grievance in the fact that experi­
ence has demonstrated that the competition through
Canada can he conducted without being subject to
the requirements of the short-hiul clause of the
Inter-S ate Commerce law so far as the Canadian
portion of the road is concerned. There are also
some other legal requirements to which the American
roads are subject, but which do not hind the Cana­
dian roads except so far as they voluntarily submit
themselves there o.
The friends of the American roads from time to
time have suggested that this situation can be cured
by Congress through a withdrawal of the bonding
privilege. No determined attempt has yet been madeto obtain such action, but the subject has been
broached in C o ’ gress and a readiness to see justice
done has been quite apparent in many influential
quarters.
It is now propo3ed thit the new treaty shall estab­
lish and provide a continuing right for the roads o f
either country to do business between points in the
other country, under provisions making such traffic
throughout its entire course subject to the laws of the
country in which it originates; placing such traffic
under the control of the Inter-State Commerce Com­
mission as to United States traffic and of the Rail­
road Committee of the Privy Council as to Canadian
traffic; and making it the duty of the Treasury De­
partment of either country to suspend the bonding;
privilege and collect duties on any particular traffic in
case those bodies respectively shall certify that a com­
pany fails to conform to the requirements of the treatyin that behalf.
This provision is intended to put the roads o f
bMh countries upon an exactly identical basis,
and is believed to be in every way conform­
able to justice, while at the same time preserv­
ing the utmost freedom of competition to every
line in reapeot to the making of tariffs and other­
wise.
In certain sections of New England a feeling has
arisen that those communities have been benefited by
the advantages which the Canadian roads have' en­
joyed over their competitors, and objection is made tochanging present conditions. This view is clearly
short-sighted, as no part of the country would be more
greatly benefited by the permanent establishment o f
this competition on a fair and legitimate basis than
would the New England States. It would be almost
as much to their continuing benefit as it would be to
the advantage of the Canadian roads themselves; for
it is clear that unless a conclusive settlement of thin
embarrassing question is now reached, it will be made
a matter of sectional controversy in Congress for
many years to come, with the possibility that at some
time the Canadian roads will he absolutely excluded
from American traffic in the same manner and for the
same reasons as both countries now exclude alien®,
from their coastwise, lake and river traffic of pre­
cisely the same character.

714

THE

<

R RON 1OLE.

[V o l .

l x v ii.

That the new policy has been beneficial and advanta­
geous is evident from the creditable way in which the
in out" particular the reports of all American roads company passed through the trying times following
for the fiscal year ending last June— with their grat­ 1893, when so many properties were forced to the
ifying record of improvement— reveal a common fea­ wall. It is evident also from the increased efficiency
ture. They show that the long period of depression, and ecouomy with which it is now possible to operate
which happily came to an end a twelvemonth ago, the road. Lastly, proof to the same effect is found in
hud at least an offsetting advantage. It taught our the improved physical and financial condition of the
railroads lessons of economy in management and the property and the excellent credit the company enjoys.
value of efficiency in operations.
Most of all, it As far as the finances are concerned, the financial
taught them sound, conservative methods of finan­ arrangements of the late year have of course also
ciering. Many of the practices which half a dozen contributed to the improvement and have furnished
years ago wore looked upon as whollynnobjectionable— evidence of it. The company had 17,070,000 of con­
and which reallv wore not wroug in themselves except solidated mortgage 7 per cent bonds falling due in
so far as they indicated adhesion to an unsound fiscal April, and these, as will be remembered, were taken up
policy—have now been abandoned, and would indeed bv an issue of collateral tru st! per cents. Altogether
no longer be tolerated. Out of the change there have §12.500,000 of these collateral trust bonds were issued,
grown some noteworthy results. For one thing the §7,070,000 being for the purpose named, §3,623,319 to
roads find themselves able to move traffic at lower reimburse the company for expenditures on the Padu­
rates than ever before and yet make a profit out of cah & Memphis Division, and the balance to liquidate
the business. For another thing we find them pro­ its floating debt and reinforce cash in the treasury. As
ceeding cautiously in the matter of the distribution a consequence the management is able to make the
of profits, even when a new era of prosperity has ap­ statement that the company now has “ upwards of
parently dawned: by which we mean that it is con­ $2,000,000 in bank and is entirely free from floating
sidered wiser and better to secure an improvement in debt.” At the end of the previous fiscal year the com­
the fiscal and financial condition of the properties pany had over three million dollars of bills payable,
than to enter prematurely upon the payment of new outstanding (§3,031,028): now the corresponding item
or enlarged dividends.
is only §26,568. Moreover, this is the first time in a
We permit ourselves these reflections because in good many years that the company could report itself
the Louisville & Nashville we see this departure practically free from floating debt.
clearly illustrated and its wisdom plainly exemplified.
But the most important fact is that notwithstand­
The L. & X. management may indeed be said to have ing the increase in the bonded debt in the late year (for
been one of the first to see the drift of things in the the purposes mentioned) the company's annual fixed
railroad world and to become impressed with the charges are actually falling off. The record of the
need of abandoning the old, conventional policy and payments for interest and rent has been as follows for
substituting for it a now and enlightened policy the last five years: 1894, §5,065,277; for 1895, $5,more in accord with the needs of the day. For 013,738; for 1896, §1,983,096; for 1897, §4,981,993;
many years it had been paying for betterment out­ for 1S98, §4,972,592. But this does not show the full
lays through additions to capital account. In this it measure of the reduction that has been effected
was no less conservative than the management of through refunding and through the policy of not
other large systems. The practice then was -well increasing debt for improvement outlays.
Up to
nigh universal, about the only exceptions being in 1897-8 interest account had been credited with the
the case of one or two companies holding a unique rent from the Paducah & Memphis Division, amount­
position, like the Lake Shore. The objections to the ing to §154,773. In the late year, owing to a change
practice arc well known and have been often stated in methods, this rent was credited to another account.
in these columns. Charges to capital account in this On the same basis as in other years, the aggregate of
way mean not only an enlarged debt but they mean (by the charge for interest and rent for 1897-8 would
reason of that fact) a constant addition to the yearly in­ have been only §4,817,820, instead of §4,972,592, and
terest requirements. Furthermore, owing to the nat­ on that basis the reduction as compared with 1896 7
ural desire to avoid augmentation in the yearly charges, is §104,173, and as compared with 1893-4, §247,457.
the betterments are apt to be made sparingly rather Obviously the showing would he quite different had
than with full freedom and liberality. As a couse- the company continued the old policy of charging
quence, the physical condition of the property suffers the outlays for improvements to capital account.
and this in turn means impaired efficiency in operations.
The conditions which made necessary the departure
If such a policy is objectionable in good years, it is are clearly revealed when a study and analysis of the
doubly so when the prospect is of declining earnings company's traffic and revenue accounts is undertaken.
and revenues. The L. & N. management evidently We hear a good deal of the low rates on Western
foresaw that there was a lean period ahead. They roads and the steady and large decline in these rates
understood that a continuation of the old policy under that has occurred within recent years. But the fact
such conditions was like burning the candle at both is generally overlooked that on some of the leading
ends, and if long continued must inevitably result in Southern roads, like the Louisville & Nashville, the
ruin. They accordingly in 1894 announced the adop­ situation as to rates has been hardly more favorable.
tion of anew policy. And since then all betterment It will no doubt he a surprise to the reader to hear
and improvement outlays have been charged to ex­ that the L. & N. in the late year realized an average
penses and been paid for out of earnings. They made of only three-quarters of a cent (7£ mills) per ton per
some change? in other directions (as, for instance, in mile on its entire freight tonnage. Any one with
the matter of the treatment of sinking fund accounts), only a slight acquaintance with railroad affairs will
the changes being all in the direction of increased recognize that this is a low average for a system pos­
conservatism.
sessing the kind of traffic which the L. & N. has.
THE L OU IS VI L LE

if

N A S H V I L L E REP OR

October 8, 1898, J

THE

CHRONICLE.

Going back to 1892-3 we find that the average rate
then was still close to a cent a ton a mile, the actual
figure being 0-932 cent. In other words, in the brief
period of five years theie has been a decline in this
average of almost 20 per cent.
We have selected the year 1892-3 for comparison
because that was the year of heaviest earnings in the
company’s history, both gross and net. The very next
year (following the panic of 1893) there was a very
notable drop. Since then there has been a steady re­
covery, the gain in the late year having been particu­
larly marked. Nevertheless, the earnings have not
got back to the large totals of 1892-3, the net being
nearly a million dollars behind, and the gross about
$400,000 behind. The smaller net might not'possess
much significance, owing to the inclusion of the bet­
terment outlays in expenses now, but the falling oil
in the gross is entirely due to the lower rate received,
and indicates how very much more traffic it is neces­
sary to move now to earn the same amount of money
We may say that in the passenger department the de
cline in average rate has been nearly as marked as in
the freight department, this average having been
only 2-15 cents per passenger per mile for the late year,
against 2-42 cents in 1892-3. In this case, too, the
volume of traffic for 1897-8 was not quite equal to
that for the earlier year, though the difference is not
very great,. the road having carried roughly 208
million passengers one mile in 1897-98, against 211f
millions in 1892-3. In freight, however, the volume
of traffic was very much heavier. In 1898 the road
moved 2,011 million tons one mile, in 1893 only 1,595
million tons. Yet this tremendous expansion in ton.
nage gave only a slight addition to the freight revenues
because of the shrinkage In rates— not enough addi.
tion to offset the loss in the passenger department.
Had the company been able to obtain on the tonnage
of 1897-8 the rate realized in 1892-3, both gross and
net earnings would have been $3,360,000 greater than
they actually were—an amount equal to 7 per cent on
the company’s stock outstanding.
Such conditions obviously made it desirable to
avoid an increase in the yearly call for interest (bear­
ing in mind that mercantile affairs in the United
States were going through a period of depression),
and we have seen above how well that object has been
attained. The same conditions likewise called for
increased efficiency in operations, and as one evidence
of the progress made in that direction, it is only
necessary to say that during these five years the com­
pany has increased its train load from an average of
166 tons to an average of 193 tons.
Obviously the policy of paying for improvements out
of earnings might be carried too far. But if any one
was apprehensive lest the management should pursue
an arbitrary course in this respect, he will be reassured
by the remarks contained in the present report bearing
on that point. The shareholders have had no divi­
dends since . 1893. But Mr. August Belmont states
that the improvement in the physical condition of the
property— its rolling stock, etc.— which has been made
in the five years since then will relieve the manage­
ment from further extraordinary expenditures for im­
provements.
He announces moreover that “ it is
proposed to consider surplus hereafter earned, over
and above operating expenses and fixed charges, for
each year, as a basis for dividends for such year, which
dividends will be regulated by the amount so earned
for that period.” He takes pains at the same time to

715

state that “ it is not contemplated to use any of the
accumulated surplus of the company for the payment
of dividends.”
This is a definite announcement of policy, and it
should be satisfactory to the security holders. The
results for the late year will afford some idea as to
what dividends the company is likely to be able to pay.
The income account shows a surplus of $1,632,901 on
the operations of the twelve months, equal to a little
over 3 per cent on the stock outstanding. This is after
paying out $659,950 for improvements (the amount
having been directly charged to expenses), and it is
after making contributions of $188,382 on sinking
fund and discount account, besides allowing in full
for the loss ($175,100) in the operation of the Georgia
and other leased roads. It is well enough to point out
too that not all the influences bearing on traffic and
j-evenue were favorable during the late twelve months.
Business revival of course was a decided advantage.
But the fact should not be overlooked that as the
road is in the South, and not in the West, there was
no such opportunity for expansion as there was in the
case of the Western roads. The cotton crop, to be
sure, was a large one, but on the other hand there
was an offsetting disadvantage in the fact that the
price of the staple ruled very low. The yellow fever
last autumn also for a time proved an important
drawback.
The surplus of $1,632,901 on the operations of the
twelve months was transferred to the credit of profit
and loss account. As to the disposition to be made of
it half a million dollars has been appropriated for
couplers and air-brakes (to comply with the law
passed by Congress) for equipping the remainder of
the company’s rolling stock; half a million dollars
more has been appropriated for equipment and $248,441 for reductions of grades. Obviously the effect of
all this will be to further strengthen and improve the
position of the company. It is worth noting that the
practice of applying surplus revenue for the purpose
of meeting the requirement of the law regarding
couplers and air-brake3 has found favor in the case of
several roads recently. The Illinois Central manage­
ment, for instance, appropriated $528,000 out of sur­
plus in this way in the late year.
N A S H V IL L E C H ATTAN O O G A

& ST. LOUIS.

The Nashville Chattanooga & St. Louis, though
constituting an important system in itself, is con­
trolled through the ownership of a majority of its
stock by the Louisville & Nashville. It is, however,
operated separately, and its business is not included
in the report and accounts of the L. & N. Major J.
W. Thomas, under whose excellent management the
property has thriven so long, still remains the execu­
tive head of the company.
The property has for many years been in a jirosperous state, returning larger or smaller dividends to its
shareholders in good times and poor times alike, and
the results for the late year show that the company
is still enjoying the same even career. The report will
perhaps however attract more attention than usual
because some considerable additions to the mileage
of the system' have bben made within recent periods,
and every ond is interested in knowing how far these
additions ard proving profitable in themselves and
what effect they are having upon the fortunes of the
parent company. The late year was on the whole a
very good one for the road, and an important addition

716

THE

CHRONICLE.

to , < i rovom uM v r & i effected. Indeed tho traffic and
earnings of tho system have been steadily rising in
all recent years, and the aggregate amount of this
.increase reaches important proportions.
A i the system is not a large one, tho extent of
the expansion seems to have escaped notice*. To say
that gross earnings in tho late yoar were added to in
the sum of over half a million dollars ($530,430) may
not seem very striking in these days of large gains,
and yet in the present case it represents a gain of
over 10 per cent, and this on substantially the same
mileage, the operations of the Mem phi s A Paducah D i­
vision, to which we shall allude again further below,
not being included in the genera! results. More im­
portant still, this gain for the late year followed on
top of other gains in the yeirs preceding; if we com­
pare with 1893-4. wo find gross of $5,646,549 now,
against only $4,521,662 in that year. Things were at
a low ebb, to be sure, in 1898-4, but even as com­
pared with LS91-3. which was the best of recent years,
there is an improvement of close on to three hundred
thousand dollars.
We thus have striking evidence of the way the
traffic of the system is being developed. In the net
earnings the gains have been comparatively small, the
management evidently following the policy of expand­
ing or contracting expenses with a gain or loss in
gross—that is, outlays are made with greater freedom
and fullness in a year of good business than in a year
o f poor business. The net at $1,982,723 for 1897-8
•compares with $1,911,447 for 1896-7, with #1,850,482
for 1893-4 and with $2,029,008 for 1891-2. At $1,.
■982.723 for the late year, the amount was sufficient
to provide for all charges and for the #100,000 re­
quired in meet the 4 per cent dividends now being
paid on the company's stock and yet leave a balance
o f #6o,524. In the previous year, net earnings having
been smaller, the surplus above the dividend require­
ment was but $3,015.
With reference to the new acquisitions, the Mein-phis & Paducah Division is tho mo3t important of
them. This is a consolidation of the former Paducah
Tennessee & Alabama and the Tennessee Midland
roads, and the road, as is known, is leased from the
Louisville & Nashville. It consists of a line from
Memphis to Paducah, 229£ miles, with a branch from
Perryvillo to Lexington, 24 miles, making altogether
about 251 miles. It appears that allowing for the
rental paid for the line, it was operated at a loss of
$19,741. The surplus of $60,524 which the Nashville
A Chattanooga showed on its own operations for the
date year would be more than sufficient to take care of
th; deficiency. It is proper to say, though, that the
•d ■tie he icy noted does not indicate the advantages ac­
cruing from its operation; as a matter of fact the
Nashville & Chattanooga derived $266,964 of revenue
•a business received from and delivered to the Mcmjphb A Paducah Division. As to the Middle Tonnesaee A Alabama, which is another new acquisition,
the completed portion of that lino ha3 only just been
opened for operation. In the purchase some years ago
o f the Rome RU, the Nashville Chattanooga & St.
LouU incurred a liability which has ever since been
represented by bills payable. In the late year this
item was further increased somewhat, an 1 now
stands at a little over 1^ million dollars. As con­
cerns the ordinary current liabilities, the offsets
in the shape of cash assets are greatly in excess of
&he same.

[V ox. LXVLl.

Transactions of the Stock Exchange Clearing House.—

The subjoined table, covering clearings for the current week,
usually appears on the first page of the C hronicle , but on
account of the length of ths other tables is crowded out
once a month. The figures ars received by telegraph from
the leading cities. It will be observed that as compared with
the corresponding week of 1897 there is an increase in the
aggregate of 9‘7 per cent. So far as the individual oities are
concerned, New York exhibits an increase of lo’6 percent, and
the gains at other points are: Boston 0'8 per cent, New
Orleans 3’2 per cent, Philadelphia 7 per cent, Chicago 10'4
per cent, Baltimore 29'9 per cent and St. Louis 16-3 per cent.
Week Ending Ootober 8.

CLKARItfOS.
/I*turn* by Telegraph.

1898.

Sew York.............................
Boston...................................
Philadelphia..........................
Baltimore...............................
Ohloago.—............ -........... .
56. Louis.......................... .
New Orleans........................
Seven cities, 5 days.........
Other oities, 5 days...............
Total all cities, 5 days....
All oities, 1 day....................
Total all oitiea for week..

1897.

Per Cent.

$748,798,029
96.085,392
60,575,580
18,978,925
102,425.085
20,572.341
5,754.781
$1,165,190,133
159,014.714

$647,750,252
95,369,715
02,219,585
14,607,368
92,700.408
22,852.016
5,673,198

+ 15*0
+0*8
+7*0
+29-9
-f-10'4
+JG*3
+3*2

$941,144,500
164.013,297

+13-2
-8*0

81,224 204,827
217,213,208

$1,105,157,797
208.992,221

+10*8
+3*9

SI.44141S.0S5

$1 314,150.018

+9-7

Another table, our usual monthly detailed statement of
transactions on the various New York Exchanges, has also
been crowded off of the first page. The results for the nine
months of the current year are, however, given below and
for purposes of comparison the figures for the corresponding
period of 1897 are also presented.
Nino Months, 1898.
Description.

Par Value
or Quantity

Actual
Value.

Nine Months,
Aver'ge

IVice.

' 8,943.761
I7.fi 11,943225 j 5503 67292 70*2

&R. bonds.. *001,2-3,510 $471,23^,697 78'4
907*1 bonds $15,023,350 $17,14fl.03« 109-8
$937,247 40-0
$2,310,700
tate bonds

$523,384 239*8
1130,900
3 ink stocks
Total.... $3,231.30074* $8.292639059 70*4

Par Value
or Quantity

1897.

Actual
Value,

A ver’ ge
Price.

50,030,179
$5350578400 j 3508227909 05-5
$397,112,210 $302,741,411 76*2
$8,914,109 $10,782,706 121*0
$1..01,300
$094,504 57*8
$413,3GM 176*5
$235,510
$5704041520 I3.822P59958 00*3

The volume of transactions in share properties on the N ew
York Stock Exchange e tch month since January 1in 1898 and
1897 is indicated in the following :
TUB SALBS or STOCKS XT SEW YORK STOCK EXCHANGE.
1898.
Month.

o f Shares.

1897.

Values.

Number
Par.

Actual.

Number
of 3 lares

Values.
P a r.

Actual.

$
$
$
%
Jan ... 9.290,391 912.564.075 041,911,009 3,305,411 323.774.750 208,587,472
Feb ... 8,950,824 873,628,400 058,208,221 2,803,401 200,430,100 171,004.054
March. 10,086,9*-8 984.492,750 788,778,685 6,039,91< 485.423.750 325,254,506
lstqr 28,328,203 2,770,575.825 2,080,897,811 11,208,72 1,075,033,000 705,440.631
April... 5,979,445 600.627.150 448,292,234 3,509,007 335,716,350 229,070,327
May.... 9,191,084 871,430,450 030,711,883 3,342,035 324,135,850 227,037,829
June... 9,173,051 873.680.150 035.445,531 0,430,92b 017,015,100 432,502,259
2d qr. 24,314,183 2,311,019,750 1,718,449.054 13,347,908 1,277,407.300 888,016,414
Smos.. 62,672,380 6.082.225,575 3,805.347.409 34,550,697 2,353,100,900 1,594,' 63,046
July.... 4,791,78? 401.349,550 300,001,010 0,896,074 053,123,800 458,958,385
August 12,105,133 1,187,130,200 923.778,314 11.435.348 1,085,90 5,050 050.315,855
Sept.... 9,379,445 881,231,900 713,179,839 18,112,100 1,204,451,050 793,890,024
3d qr. 20,270.805 2.629,717,050 1,997,010.823 31,473,482 3,003.477,500 1,014,104,801
9 moil. 78.0'8 7M 7.#'U>|3,225'».R02.B.1‘ .29" 50.030.179 5.350.578.400 3.508.227,909

The following compilation covers the clearings by months
since January 1.
MONTHLY CLBARINGS.
Clearingi, lota l All.

Clearings Outside Nero York.

1808.
1897.
1898.
P.C l.
1897.
P .O t.
»
t
$
*
January. .. 0,012,091,46: 4,499.448,000 fss-e 3,321,808,730 1,910,100,731 +21*5
February 5,562,362,40) 3.084,629,986 +50*7 2,036,094,781 1,039,399.756 +24*2
March.. — 5,040,749,795 4,211,070,471 +84 0 2,220,030,352 1,823,958.927 +21*9
1st qnar.. 17,205,093,740 12,396.048.471 +33 8 6,580,533.872 5,373,469,417 f22'S
April......... 4.972,300,628 4,100,125,495 +21*1 2,103,431.502 1,856,358.736 +13*3
May-... ... 6,630,410,921 4a87,8H1.572 +28*4 2,191.035,263 1,852,734,206 +18*9
June........ 5,499.385.19! 4,472.280.65? +23*0 2,233,533,405 1,900,739,844 +17*5
2d quar... 16.8O-.109.CI4 12,740,303,011 1-24*0 0,527,970,170 5,609,832,846 +16*4
fi months. 33,013.202,393 25,141.352,093 +31*3 13,108.501,012 10,»S8,29si,233 +10*3
-fair ..... 5,010,778,410 4,808,817,90$ +4*3 2,039.741,231 1,974,019,072 +3’3
August. -- 5.692,373.133 4,833,345,830 f-15*f 2,080,001,'50 1,901,488,920 +0*4
September 5.410,644,710 5,504,004,799 -1*2 2,082,056,019 2,112,275,755 —1*4
3d quar... 1O,IO5,7»0,38S 15^11,788,04? +5-1 0,003,000,430 5.988,683,747 +3*0
9 months]4P.U9.O01.0?O 46.353,140.738 +21*7 10.311.610.472 lH.fl71.97fl.niO +13*8

The course of bank clearings at leading cities of the country
for the month of September and since January 1 in each of
the last four yearB is shown in the subjoined statement.

JL'H E

October 8, 1898.J

CH KO N 1CLK

B A N K C L E A R IN G S A T L E A D IN G C IT IE S

<000,000*

1898.
$
3,414
399
Chicago........
438
Philadelphia
277
114
St. L o u is. . . .
P ittsbu rg.. .
77
69
B altim ore...
70
flam Fran’oo.
49
50
26
New Orleans
24
Louis vi lie ...
39
Minneapolis.
32
C leveland ...
26
Detroit ___
20
Providence..
19
M ilwaukee..
28
Omaha.........
Buffalo.........
18
Colambn8...
17
19
8t. Paul.......
Hartford___
9
12
D enver.........
o m itted .)

New Y orfc...

,------- Jc in. 1 to Sept. 3<0.------- - S ep tem ber.—
1897. 1896. 1 8 9 ? 1898. 1897. 1896. 1895.
♦
*
*
8
$
3,452 2,053 2.373 29 808 23,381 21 914 21,4^5
364 3,862 3,704 3.249 3.453
322
446
355 3 96 ' 3,189 3 , i 8 l 3.360
318
416
27L 2.669 2,30 > 2,361 2,533
2 .9
287
852
914
9 7 1,043
937
88
120
725
603
539
59
567
69
53
576
669
533
510
55
53
73
591
531
54
496
495
55
75
484
480
458
436
40
47
50
39 2
4 i9
364
S76
40
40
50
306
277
313
29
338
33
28
211
233
255
235
20
23
25
234
300
25
L
256
34
35
41
284
226
214
23
26
229
26
216
217
255
224
25
24
21
191
18->
197
19
189
20
17
172
173
177
190
21
22
18
134
161
13
224
17L
24
16
163
119
158
18
156
17
19
131
132
134
153
13
16
14
165
15 1
146
127
16
21
17
93
91
8
h6
93
8
10
102
92
92
11
109
9
8
5,320
241

3 505
208

3,977 46,891 38,468 35.462 36,439
198 2,228 1,885 1,926 1,792

Total a ll... 5.497 5,564
OataideN.Y. 2,083 2,112

3,713
1,650

4.175 49.119 40 353 37.383 38,231
1;802 19,311 16,972 1 6 ,4 '4 16 826

T ota l.........
Other oltles..

5,246
251

f^cuetaugiCEo nxmercial gugltslx^cxus
[From our own correspondent.)
L ondon , Saturday,

Sept. 24.
As the weather continues beautiful, very few people have
yet returned to the city, and business in conssqnence is very
•lack. Besides there has been some renewal of political
anxiety this week. The first cau3e for uneasiness has been
the comments of the Paris Press upon the reported presence
of Frenchmen at Fashoda. It was generally assumed here
that the French Government would declare that the Marehand expedition was purely scientific. But if the French
Press reflects French opinion, and especially Governmental
opinion, this will not be the case. So long ago as when Lord
Rosebery was Prime Minister, his Under Secretary for For­
eign Affairs, Sir E. Grey, declared in the House of Commons
that a French advance upon the Upper Nile would be re­
garded as an unfriendly act—a form of speech which, com­
ing from a British Minister in his place in Parliament, is ex­
ceedingly strong. Yet in spite of that, it is now believed
that the French Government has sent Captain Marcband
with some officers and Senegalese soldiers to Fashoda. The
inference is that action hostile to this country is intended,
and if it is there will be a period of very strained relations
between the two countries; for public opinion here would
not tolerate any concession, even the smallest, upon that
point.
Another matter that is causing a good deal of uneasiness
in the city is the reports that reach here of naval and mili­
tary preparations both in Chili and Argentina. British
investments in both republics are large, but they are very
much the largest in Argentina, where they are estimated to
amount to something between 160 and 200 millions sterling
War between the two republics, therefore, would endanger
an immense amount of British property, and the threatened
war is about a matter of no real importance to either State.
If the facts before the public are correctly stated, Chili is
willing to lay the whole matter without reserve before the
Queen as arbitrator. Argentina is also willing to arbitrate,
but it makes various reservations which Chili will not accept
As matters stand, the financial condition of Chili is such
that she cannot afford to continue the present naval and
military preparations. Happily, private telegrams from both
countries were received in the city yesterday saying that
the arbitration agreement is signed. The greatest confidence
has all along been felt here that General Roca, who will be
installed as President on October 12, would take care that he
does not inherit an unnecessary war.
Anxiety about Cretan affairs is abating. The Turks have
yielded to most of the demands made by the British Admiral,
and it seems now as if some kind of order would be restored,
although very little hope is entertained that this country,
Russia and France can come to any definite agreement as to
the future Governor of the Island.
But perhaps the matter which excites the greatest nneasi"
ness here is the internal condition of France. The agitation
respecting the Dreyfus case has brought out so much reflect,
ing disgracefully upon the French General Staff that very
serious fears are entertained of a military c o u p d 'eta t. As
there is no general in France of any reputation, it is difficult

717

to believe that the general body of officers would make a
despot of any existing officer. On the other hand, the des­
peration of the General Staff is such that nobody knows what
to expect next, especially as the executive and the judiciary
seem to be completely under the orders of the General Staff.
The postponing of Colonel Picquart’s trial and the handing
him over to his military persecutors have deepened the ap­
prehensions, especially as he thought it necessary for his own
safety to declare in court that he had no intention to commit
suicide, and if he was found dead it would be a case of
murder.
Lastly, the prospect of dearer money has for the moment
taken the Stock Exchange completely by surprise, and some­
what disorganized markets. The feeling will, of course, pass
away, as very probably rates will not rise unduly high. But
added to all the political preoccupations, it increases the un­
willingness of the public to engage in new risks. For some
time past there has been an increased dealing in American
railroad securities, but it has been confined to members of
the Stock Exchange and professional operators. The
great body of the public are holding quite aloof, not in
that market only but in every department. They are re­
luctant to part with their money so long as there is any
danger of political disturbances. On the other hand, there is
much to show that if political confidence could be revived
there would be a very great increase in business. As a matter
of fact business on the Stock Exchange has been better all
through the year than it was last year. The Clearing House
returns up to the present date show an increase compared
with the corresponding period last year of about 115 millions
sterling on Stock Exchange pay-days.
The general trade of the country is undoubtedly also much
better. The whole increase in the Clearing-House returns is
over 450 millions sterling. It ought to be added that of re­
cent months the increase has not been anything like as great
as it was in the earlier part of the year. Still trade is good.
There is no speculation. The harvest has been better than
for a good many years, and it has been got in in excellent
condition. The directors of the Bank of England on Thurs­
day raised their rate of discount from
per cent to 3 per
cent. The rate was put down to
per cent on the last day
of June, exactly 13 weeks ago. Even then the directors very
reluctantly lowered it. They had been all through the spring
endeavoring to increase their reserve. For that purpose they
had borrowed largely in the open market, and thereby got
control of the market for many months. Unfortunately, the
final payment of the war indemnity made by Chiaa to Japan
enabled the latter to lend upon an immense scale in the Lon­
don market, and thereby all the efforts of the Bank were de­
feated. Now, however, it has become absolutely necessary
to strengthen the Bank reserve. The Bank in consequenee
has again been borrowing in the open market, and has now,
as stated, put up its rate to 3 per cent.
The general impression here aud upon the Continent is
that neither Germany nor Russia, nor Austria-Hungary,
will do anything to disturb the London market, and it is
certain that Japan will not. Taerefore the immediate
course of the market depends mainly upon the amount of
gold which may be taken by New York. Of course it is
certain that the usual autumnal requirements for the interrior, Scotland and >reland, as well as for such countries as
Egypt and South America, will have to be provided. But
these requirements can fairly well be estimated beforehand,
and would not very much disturb the market. A large de­
mand, however, for New York could not be reckoned with
beforehand, and might place the Bank in a very inconvenient
position.
In India the slack season continues, and consequently the
money market is comparatively easy. B it the scarcity of
rupees is greatly felt, and in consequence the India Council
continues to sell its drafts exceptionally well. On Wednes­
day it offered for tender 35 lacs, and the applications ex­
ceeded 103 lacs. The whole amount offered was sold at
prices ranging from Is. 3 15-16d. per rupee to Is. 4 l-32d. per
rupee. Next Wednesday 40 lacs will be offered for tender.
The following return shows the position of the Bank of
England, the Bank rate of discount, the prioe of consols
%c., compared with the last three years:
1808.
Sept. 91.

A

Olrculatlon........................... 27.109.^5
Public d e p o s its............................ . 9 320.635
Other deposits ..................... 36,701 90*
Government securities........... 12988.503
Hher securities .................. 27,913.917
23.405.218
Reserve of notes and coin..
Coin St bu llion, botb deDartra’ts SS.M01,«83
•rop. reserve to liab ilities p.ct. 60 1^-16
3*
Bank rate
__percent.
109 18-16
Consols, 294 per cent.............
Silver ..
.................... 23 5-l6d.
1
5
^
,1
0
6.000
Clearing House returns_____
* September 22. + September 24.

1897.
Sept. 22.
£
27.0U7 475

8.973.782
39.500,690
13J29/26
20,161,660
24,’ll 0/03

50V6
2**

111%

27d
126,131,000

1898.
23

Sept.

f

26.662,680
H.om.vSrt
48,2 8 587
14 9*4.906
2*.423 076
3l.2u2.7hP
41,155. *69
66 7-16
3+
10!»*
31>4d.
123,301,0 >0

U05.
Sept. 25.
•

2d.h98.520

7.428.225
48 706,9* l
14.M27.486
25 0)8.487
34, 44.732
46.743,252
2

107 13-16
30 9-ied.
119,591,000

THK CHRONICLE.

71b

[Vot,. UXV II

Cua fo llo w in g is a statem en t o f th e ex p o rts (e x clu siv e o f
M issr*. Putley and A b e ll w ritas a * follow'd under date o f
specie) fr o m th e p ort o f N ew Y ork to fo re ig n p orts f o r th e
Sept. 2 3 :
•eek en d in g G ot. 3 and fro m J a n u a ry l to da te:
(Rdd-^Tberwha# been ru eetlie market In gold duriny the week,
America being » laryo buyer ; hr* 1 lira t-eking £300,000 from the msr
b x p o b t s p r o m s r w r o a n f o b t u b w k k s ..
kei *be b#» withdrawn over one million and a quarter iu mild from the
Bank, Tbe Bank received £30,00" m.veirelgn*,from Australia, aud
18M*
1897.
1896.
1898.
haa loat t .’ *5.000 In sovereign*. «A«i3,000 in bogles and £677,000 In
bar*, making a nr: loss of k 1,255,000. Arrival*: India. £1:10,000:
#6,380,039
¥8,92-.982
#7.65 i,093
#8,423,530
Australia. a 52,000; Chill. £11.00", routh Africa. £101.000: K»W 'o r tho weak..
rofH»rte^d 350,670,202 301,422,840 276,712,811 245,992.082
Zealand, Ai'u.ooo. 1 'otal, *3*2,000. Sblpiiinnt*: Japan. £5,000.

silv e r —th ere haa been a large buslne** In silvet during the week,
5358.322,38 S $310.351.831 #285,136,374 #252.373,021
India ha* tiean a steady buyer. the price bavin * riseu in India to a* Total 39
high a* 72% r n j , an* In addition thorn haa boon a fair amount of
Coe
fo
llo
w
in
g table s h ow s th e ex p o rts a n d im p o rts o f
buying to clone September contra !« The price ha1* risen fr on ‘.1 ■!- to oeole a t th e port o f N e w Y o r k fo r the w eek en d in g O ct. 1
aa high #« g « V ! . and doaea dull at 2 ' • . (1. Arrival#: New York,
Sen Zealand, * 7,0tn.i; ChlU. £12.000. Total. £307.000. and since J a n a a ry 1, 1398, a nd f o r th e co rre s p o n d in g p eriod s

bblpmema: Calcutta, £ 10.000.
Mexican indUi* imlinra have been dealt in al about their sliver
value, a -d there haa been a fair bustne.* In them. Arrivals: New
York. £3*t.iKm. shipment* Strait*, x 1.1,000: Uong Kong. £26,000.
Total. £74.000.
T h e q u o ta tio n s fo r b u llio n a re rep o rte d as fo llo w s :
(iot-u
v 0 " 6 c 'i M la n a a r a .

S ep t,

S ep t.

a**,

Bar ocwtd. rinc___oz
Bar sold, paxtin*, o*
U.
tHkla...oi.
8 e m » got! onin.oi.
<roW coin.ox.
Jiiiinrw# yen....oa.

§.

78
78
76
76
76
76

lii.

(L

•

8

tbVKR.

L o n d o n S ta n d a r d

d.

7 7 11% Bar silver, lino. . 0 1 ..
0 % 78 0 % Bar stiver, oontatn'g
7 76 7
do 5 grs. gold.05,
7 76 6 % do 4 £TS. gold OR.
7 76 6 %; do 3 grs. fold.or.
7 76 6 %> Cake O l i v e r .........0 1 .
I Mexicali dollars.oz

0

sep t.
Ti

S ept.

d.

A

15

28&i6 28
28 7s
28U,,
2S7,„
30 is
277w

28tt, a
2838
28*s
303,
1271s

a 1897 and 1896.
8XPOBTS AND IMPORTS OP SPBOIB AT NItW VO n i l .

W e ek .

ireat Britain....—,
^ranoft........ ............
lerm any........ ........
Vest Iiiales__ . . . .
vtexlao ............
■iouiti Amnrlcs......
1 1 other countries.
Total 1898........
Total 1897____
Total 1896____

t o t a l ,....................

5 ,6 6 4 .7 0 3

1898.
Av~r p n oftw h ea t,w «9 k .2 iA . 7 d
A v e ra g e p rice . Reason .2 6 . l o d .

1

1895
5 .9 9 1 .2 0 0
1 ,6 1 1 ,7 4 0

995,880
179,220

2 3 5 .7 5 0
2 ,8 9 4,30 0

1.016.200

stocks on
1895
5.991.200
1.016.200
863.750

6 ,7 2 1 ,1 4 6
1896

21#

Od,

7,871,159
1895
22s 7d.

23#.

7d.

2 2 b. lO d.

Ku g l l a b F in a n c ia l H aritot* —P a r Ottote
The tally c l o s i n j quotations for securities, etc., at ijo n d o n
are rep orted b y ca b le as fo llo w s f o r the week ending Oct. 7 :
loORDt R

S o t.

•User, peruonee ... il
A r eola., new, 2 \ p.ot*
' or acvonnt..............
T Y e h rentes jin Paris) tr
8p»n fih 4 « .....................
AtATih Top. 4* Santa F*
Do
do
pref
Adlan PiM’ilflo..__
Central Pacific..............
A O lio___
Chic. Mil. A St. Paul...,
'Vmv, 4 Klo Or., pref.
E -le. comm o n .............
1at preferred............
Hnofe f>ntral...... .
•ake Shore ............. .
LonliTllle A Naehvlllo
Central, 4e _
'to R ail <k Tex , com.
N y . Cctot’l A Ond»on.
V V Ontario A West'n
N«rfol)r A Wpnt'n, pref.
Nf-rtbem Pacific, com.
Preferred...................
'rnnayivanio ............
* 'hila. .V Rkkad...........
* ^hii. A
l*»tpref
* nil!. A Bead., 2d prof
•onfb’ n Railway, eoni.
Preferred..................
f^nioti Pacific.
Do
new prof.
Wabash, prefen .u.

Men.

T u e t.

W ed.

T l .u r i.

trt.

2M. s 28*,« 27%
109l5,fc 109l»}6 1097g
1 1 0 ,, 1 101„ 110%
02 r2ia 02 -12^8 102 so
425g
42 1 3
i i l T9
13
1 2 %
13
33
33%
33 M
87 V„
88>S
88%
25 ^
25%
25%
23
23
22 At
no
109*8 n o %
50i«
56i«
56^
13’ w
14
14
36 J4
361s
36%
114
114
114*4
198
198
»98
56\
57
56

3718,8 277g
109131P 1040,, 1095ile
no
1091S ft 109%
1 0 2 * 3 5 02*32*3 0 2 * 2 7 1 5
•12SU, 425«
421a
13%
13%
12%
34%
34^0
33ic
87
88%
*7
20*4
26%
2578
22i«
22%
2 2 At
llOia
m
111%
56Cg
oO1^
14*4
14
14
36 \
36
36ia
114-H 114 *4 114
198
1^8
57
50%
56%

11*4
119%
16
53
42 At
7«At
60
n>*
225«
11
9
34^
34»fl
67 b)
21 h)

n%
120
16
52%
430*
787s
60
9*4
22i»
100,
»
34Rj
31*4
67%
22

1 1 %
1 9w»
15At
52 A;
42^
78^%
60
9*S
22"s
10%
9
34 ie
:u*«
66%
21^4

ilia
119%
15%
52%
4270
78 ^
60
9%
22 3r
1060
9
31%
34%
67 %
21%

2 7 > 3 ,„

11*4
119*4
16
52
42At
78*a
6Oi0
9*4

11*4
119
15%
51%
41%
78
6»
9*4

2 2 14
10 %
0

2 2 14
10 %

3 4 %
34M
6%
22

9
3 4 %
83 Aj
66%
21 At

• Price per share.

ton tu k W z k k . — The following are
the Imports at New York for the week ending for dry goods
Sept. 29 and for the week ending for general merohandis*,
Sept, 30 also totals it tee the beginning of the first week
in January,
I m po rt *

and

K ih u m

von era s

im p o r t s a t s e w t o m

.

D rr «<KK1* . . . .
m©rM1*e
TdUti

....

<Hnrr J a n . t

t ir r g o o d e . .
Tr>«r‘ dl**'

1 89 7

1898.

1895

« 1 ,6 9 S ,1 2 «
7 ,2 4 9 ,6 0 8

¥ 1,903,967
6 .8 7 7 ,1 1 9

# 1 ,3 8 3 ,1 9 9
6 ,7 2 1 ,0 6 1

# 3 ,1 1 3 ,0 8 7
7 ,7 5 6 ,7 8 7

* »,9 4 6 .7 3 6

¥ 8 ,781,086

#8,104,260

# 1 0 ,8 6 9 ,8 7 4

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

# 8 8 ,5 0 6 ,9 8 2

* 1 1 3 ,0 2 5 ,4 1 2

2 5 3 ,0 7 0 ,7 7 1

2 7 8 ,1 7 6 ,3 0 9

Total 39 w *»k8i#3 2l.70 l.721 #380.940.879 *310.507.753 # 3 9 1 .2 0 1 ,7 21

¥13,390
500

7 ,7 4 2 .0 8
2,500
105,757
20,292

W e ek .

Jd7\.

$1,609,178
675,500
3,570,938
3,900
8,535
2.950

1.

¥40,343,222
15,625,369
25,693,507
2,641.474
85,836
431,170
551,821

#13.890 * ’ .878,757 #5,871.001 ¥85,372.399
10,940 29,698,557
5,243.879
1,020.234
9,500 50.953,242
7,10 i.727 60,135,361
Im p o r ts.

S in c e J a n . 1.

S i n c e J a n . 1,

W ee k .

m a th A -m e r ic a .-...
\11 o th e r co u n trie s

¥ 1,063,148 ¥ 3 3 .3 1 7 ,1 0 2
7 7 8 .3 5 0
2.S 10
4 7 8 ,8 0 5
7 5 ,7 0 0
1 4 ,1 5 9
1 9 0 ,5 1 4
7 ,4 8 5

2 0 ,0 0 9
5 ,4 6 0

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

T otal 1 8 9 8 .........
T o ta l 1 8 9 7 .........
T otal 1 8 9 6 ..........

¥ 1 ,138,843 ¥ 3 4 ,7 8 9 .0 25
8 7 4 ,1 9 5 3 5 ,2 1 9 ,9 9 8
1 ,0 3 6 ,9 3 6 4 0 ,2 0 4 .0 6 9

* 3 1 ,9 0 7
8 8 ,0 8 0
1 2 ,2 6 0

$ 1 ,8 7 8 ,8 6 7
2 ,1 8 9 ,3 1 7
2 .2 7 8 ,7 3 8

te rm a n v . . . . . ___ _
V’est In d ie s ...............

¥ 2,905
3 ,5 3 3

B r e a d s tu ff# F ig u r e * B r o u g h t F r o m P a g e 7 5 4 .— Tbe
statem en ts b e lo w are p repa red b y us fr o m th e figu res c o l ­
lected by th e Y ew Y o rk P r o d u c e E x o h a n g e . T h e re ce ip ts a t
W estern lake a a d river ports for th e w e e k e n d in g O ct. 1. a n d
since A u g , l, f o r ea ch o f th e la st th ree yea rs, h av e b een a s
fo llo w s '
ieceipts

at—

flo u r .
BbUAM lbs

jihlc&ffo........
tfllwauket,.
VllnneftpoUs.
Polodo..........

77,170
79,050
104,140
1.970
4,55(»

Clevolaud ...
«t. Loais . ..
*«or!a-----Carinas City.
T0t.vfk.’08.
Same wk.’J>7.
<&me vrk.'00.
Since A uq. 1,
1R(J6...........
n»7 ...........
1806..............

29.985
16,260
30S.750
331,203
206,083

C7k>m.
Oafs.
IDirut.
BfiJfhJtOios Buih.bQlbs B u sh .m b s
J,200,340 8,319,003 8,070,600
305,00
610,901)
72,150
3,2*7
3,378,570
10,131
2,021,910
32,380
3S»,15
828,178
188,97?
44,939
119,VUl
20,i52
44.128
77,026
lt-3.057
149,400
532,071
190,226
234.040
14,800
520,500
330,400
799.000
74,00 •
99.000
9,096.79.5 4,544,986 4 670.791
8.904,45* 4,If 6,727 5,212.952
0 917,230 3.950,444 5,690,097

Barley

V•

9U.66 lh ..
785,173 153,100
554,40'
09.0 JO
159,828 120,773

Bitsh AUbs

2,810.360 51,905,587 30,530,770 37.155.700
2,516,122 59,749.898 60,488,020 44.9/2.817
2.60,3,172 48,674,805 31,040,021 30,582,092

4,620

7.118
15.391

49.500
54,700

4,20®
3.000

1.008.12)
1,K37,030
1,309,780

370.1S2
308,070
240,510

6,715,202 2,385*806
0,343,814 3,234.811
4,307,722 1,070.333

The reoeip ts o f Hour and g ra in a t th e sea b oa rd p o r ts for th e
week ended O ct. 1, 1898, fo llo w :
Flour.
Whcsu,
(Jam,
Barley.
Oats.
R .t ,
bblx.
bush.
Receipts at—
bush.
bush.
bum.
bush.
a,V81,050 070.f.76 9152,500
New York..........
54.000 139,425
679.917
40.698 350.470
Boston............
600
1.177.788 332,172
Montreal...........
102,0U
2.100
3.016
104.044 8''1.^14 425 0*3
Philadelphia.....
1 ,0 0 0
14.778
.
.
.
9
4.
3
>
f
V
0.79?
887,14
L
10M90
Baltimore-------Hi 0.680
«.#0 »
7,0/50
Richmond..........
8 , 1*28
430
290.020
182.077 158.160
*«’ew Orleans*....
oy.ooo
60.00 »
Newport News...
184,285
Norfolk............
250.000
Oaiveaton ...... .
2.000

Trttal week,,.... PW.251 5.11S,M2 4.910 51)1 2,231,398 ' 54.900
281.329
Week 1897............. 549.49* 1,884,451 3.517,720 2.118.697 181,076 211,761
do no< "iOlud» jrtim naHiiitiij tttronua New Orleans for foreitfn
port.* on through bill* of l&dlua

Total receipts at porta from
follows for four years:
flour
Whom
Curt)
Out#
Harley
live

.... ..... ..bttll
...............bu*h.
............... '•
...
"
. ........... *'
........... M

1894.
14,831,391
88,866.604
156.37*1,404
73,362,546
3,248.357
11,191,253

J an. 1

181)7.
19,85111(1
62.912,36!)
MM.BIS.O'M
63,303,'48
7.616.064
7,521,66a
290,072,444

to Oct.

1

compare as

181)6.
7,181,687
17,245,434
67,149,3*6
61.IS2.1C6
6,360.100
8.020 8.0
174,565,802

1895.
13.31)8,08#

28,062,181
S5.Kio.fiS
30,626:630
1,576,168

:«i,295

Total srrain*..4 ** 33*1.023.004
97.410.884
rue ex p orts fr o m th e several sea b oard p orts f o r h e w eak
"d in g Oat. 1, 1898. are show n In th e a n n e x e d s ta te m e n t:

Wheat,

1 898

fo r

¥200
8 ,0 0 0

W eek.

IlnH vltof—

<55om,mct*claLtutI5Tt3ttscelIaiiccni»^cms.

ijice Ja n .l.

S ilv e r .

treat B r ita in ............

IMPOSTS.

8

E x p o r t* .

Cue fmiowoig allows the imoortsof cereal produo- Into
the ni .1 Kingdom during the first three weeks of the new
sc» son compared with previous seasons :
1898
1897.
1896.
Import* >fwi)sat.owt. 3.2"4,400 2.832,200
3 .6 5 7 , 8 1 0
B ariev....................... 1.007.300
1,419,515
8 8 8 , >00
Oat*............................. 1,021,370
1,031,900 1,116,000
P e w s ..........................
120.050
172,010
153.055
Bean* ........................
139,440
214.020
132,450
(odium corn........... . 3,155,200
2,935,100 3,907,100
814,400 1,335,*80
Shuar........................... 1,081.800
S u pplies a v a ila b le f o r co n s u m p tio n (e x o lu s iv e o f
S ep tem ber II:
1896.
tS 9 8 ,
1897.
Wheat imporrayt, owt. 3.274,400
2,832,200
3,657,840
(tnpnrta of flonr........ 1,081,800
811,400
1,335,480
Sal,-* of homo-grown. 1 ,3 0 5 , 5 0 3
2,040,277
1,7*7,826

I m p o r t* .

B x o o rtt.
S o ld .

Export* fro m - hush ,

f*#fr York..... 1.688,UO
Boftt/m.......... &♦6,6*7
Portland.......
Philadelphia.. 192.670
Baltimore ... 1*-4,28G
New Orleans.. 600,'7«
Norfolk..____
Nowo'rt New* 63/KK)
Montreal
.. >:0r*.4fl7

Corn
bush.

6iR,5«0
24.900
591.478
61 '.»34
178 490
1*1 2*5
50,000
303.008

Flour,
bbla.

Oats,

bujih.

81,004
8u,f0O

319.204
7l,ul7

Tio.l 57
70.1Mf3
9.474
1J61
9.461
27,000

168,000
11,000

R ye,
bush,

153,514

- P ea s ,

bush.

9,340

78.570

2^5 41 v
35,505
G»lre*ton — JV*6.2oO
27.525
Total week..4,*138.585 2,464,745 298,440 823,851 23R.610
tame tlme’07.3,364,233 2.933 089 248,197 1,304,780 402,587

Barley,
bu*h.

........

2^850
57,773
07,213
60,010

37.850
1 <0,482

THE

October 8, 1898,j

The destination of these exports for the week and since
September 1, 1898, is as below.
Exports for
Sept. 1 to —

----------FI our.--------- - r------- Wheat.-------- > ------------ Ciorn.---------

Week Since Sept.
1,1898
Oct. 1.
bbls.
bbls.

937,701
1^9,167
168.973
61,952
117,2*4
22,400
112,035
15,294
24.573
5.352
27,301
Other countries.. 14.275
298,440 1.387,897
248,197 1.212,057
Total 1*97....

Week Since S*vt.
Oct. L 1, 1898.
bush.
bush.

Week
Oct. 1.
bush.

Since Sevi
l , 1898
bush.

2,505,977 8,715.475 1.329,284
1,739,004 0,337,492 1,017,181
2.394
42L
...........
15.132
ll,l«0
93,004
176,710
91,027
4,338,585 15,231,077 2,404,745
3.204.13S 16.971,919 2,933.089

719

CHRONICLE.

0,077,026
5.995,520
3 985
70,816
69.585
293,301
13,110,533
18.775.100

OiplbUt J.
Surplus.

Loans.

Specie.

Ltgaa.

Devositu. r Oirc\ u

*
$
$
$
N. V.*
$
, *
Sept. 10 134.315.0 665,895,2 1377065 52,285.8 732.902.1 14.117,2 679 077.6
“ 17. 134.315 0 653,264,7 1288998 53,357,5 712. 07.6 14,466 6 8*510 ,6
“ 24 134.315.0 042,10 V? 129J400 53,794.6 700. "53.3 14.974.« 814,737,0
Oct 1.. 135,138,0 635,572,8 1303144 54,544,8 702, 28,2 15,498,4 774,094,9
S*ept!l7. 08.587.3 187,089.0 17,496.0 5,592.0 195,713,0 0.252 0 96.420.9
*• 24.. 08.587,3 188.431.0 16.885,0 6,498,0 194.777,0 6,098 0 95 368 8
Oct. 1.. 68,587,3 189,466,0 17,024,0 6,579,0 195,518,1) 0,096,0 92 455,5
/dlla/
38.988,0
133,338,0 5,93 .0 66,875,1
Sept.17., 35.388.0 122,035,0
37.147.0
133.957. » 5,938.0 65.738.7
" 24. 35.388,0 123,630,0
36,849,0
134 937 0 5,923 O 66 *08,2
Oct. 1.. 35,588,0 124.165.0

Reports of Non-Hem her Banks.—The following is the
The visible supply of grain, comprising the stocks in statement of condition of the non member banks for the
granary at the principal points of accumulation at lake and week ending Oct. 1, based on averages of the daily results
We. o m it tw o cip h er ft C 00 ) in a ll ca ses.
seaboard ports, O^t. 1, 1898, was as follows:
Wheat

Corn,

bush.
bush.
In store at—
1,006,000
New York.............. 752,000
206.000
Do afloat.......
Albany...................
60.000
1,211,000
Buffalo................... 322.000
Do afloat.......
8,982,000
Chicago.................. 1,183,000
Do afloat......
7.000
Milwaukee..............
Do afloat.......
Duluth .................. 2,023,000
1.083.000
Do afloat........
163,000
243 00
Toledo
00
afloat.......
Detroit....................
83,000
140.000
Do afloat......
8t Louis............
007,000
153,004
Do afloat........
Cincinnati..........
Boston....................
704.oor
25,000
Toronto..................
*8,000
Montreal................
15,000
so.000
Philadelphia........... 104,00'
401.100
Peoria ..............
1,050
484,000
Indianapolis.........
52.000
331.000
Kansas City............. 625.000
43.000
Baltimore................ 757.j j
1,448,000
655.
Onn
Minneapolis .......... 596. '•*>
On Mississippi River.
2. *,000
Oa Lakes................ 3.519 000
2.667.00O
On canal and river. ..
17,000
1.-4*.000
Total Oot. 1,1898 11,' 03. 00 21400.0M
J
Total-ept.24. LSOS 9.308.' • 19.05?. •
Total Oct. 2. 1897 21.101,000 37,048, OO
Total Oct. 3, 1898.50,lln.OOO 13,«77.0v».
T o t a l O c t,
1 SOS 4 1 . 8 3 9 , 0 0
a. ji* 0
s

Oats
bush.

270,000
24.000
76,000
572,000
852,000
100.006

40.000
18,0(0
31,000
~30.©OO
51,00t
5,000
332,000
219.000
192,000
18,000
15,000
255.000
436,000
1,909,000

Rye.
bush.

61,000
58,000
119.000
44.000
12,000
u,doo
3.606
7.006

9,030
13.000
2,000
1,000
ll.OOo
80.UOO
30,000
310.000

Bariev'

bush.

26.000

391,00'
86,000

*09.001
320,00
*’ 5,000

*20,000
1,000

*41,000
*18.000
7.000
12,000

170,(XU

837.00*
110,000

». 417.000
4 4, »»

1U.719.000
n o»»4,o.i
3.*S6 000

771.000
740,0■».
2 808,002.067,0 »
«5 or.

1,019/Or
l.i.‘**',000
2.279.0C0
2,650 o o

New Jort City Clearing House Banks.—Statement o '
coalition for the week ending October 1, based on average
of daily results W e o m it tw o c ip h er» ( 0 0 ) i n a ll ca ses.
Basks.

C a p i t a l |S u r p l ’ s

Legate. deposits

BANHBp.
(00s omitted.)

Capi­
ta l

Sur­
plus.

Depot it. iOUti
Loan.A
Leg 1
Inv t Specxt A B'k Clear\ Other
ments.
Notes. Agen‘ Bks.tkc

8

$
$
$
NlW \k)RK ClTT.
$
$
$
Aator Place......... 250,0 355.5 2.388,7 183,4 37 9 147.5
100,0 60,7 76 A 15,6 55 8 122,1
300,0 183,9 1.977,0 108.0 93 133,0
100.0 117,2 1,183.0 40 i 60,1 503,1
100,0 50,8 722.1 19.8 73,o 135.0
H,0 601.2 81.9 17,0 127,8
PTankiln National. 200,0
200,0 31,5 678.7 21,7 39,» 23 5
200,0 81,2 1,123.8 43,5 6 .0 1.14.4
500,0 I57,u 2.143.6 232,5 135 1 109 2
100,0 83,7 570,5 08,6 4* 6 2 ,i,y
200.0 189,7 1,107.0 22.0 73,0 129.0
250,0 91,0 1,3092 01,9 91.3 72.0
200,0 111,1 916 3 25.4 05.6 1.9 0
1 0 0 .0
25,0 023.0 17,8 105 6 12n,2
100,0 108.9 1,069.9 40.0 7*.4 138 0
8,4 31,0 73 0
100,0 102,5 728, l
100,0 73,6 1.537.0 03.0 34. 108.0
200,0 140,0 1,222,1 17.0 11* 6 142,2
Twelfth Ward.
8 1 .0
4 •8
100,0 48,7 719,4 24.
200.0 290,1 2,04* 8 70,3 1 >v! 3 1 1 6 .3
05,* 8.1,1
1 0 0 .0 123,1 1,203 7 100.9
4,2 1,808.2 188.0 200.0 78.0
Aator Nat’l Bank.. 300.0
150,0 107,2 1,030,5 30,1 09 2 03 8
20,9 12u 0 1*3 7
1 0 0 .0 112,0 1,434,9
300.0 157,0 1,303,3 73.* 31.6 114.0
Eighth Ward....... 100,0 33.4 281.1 13,3 2 1,0 43.2
100.0 50.9 5 18 9 24 0 21.2 44,1
200,0 171,7 815,4 5 1.6 3a,u 17 .8
150,0 59,1 588,0 30.- 22,« 82,1
252,0 414.4 1,981,1 232.0 202,0 4*0,7
500,0 387,5 2.407,i 98.4 89 » liU.I
100.0 191,0 833,5 7 -.4 *0. * 132,0
5 18,0
300,0 556,7 3,704,0 212 U
300,0 540,7 2.159.0 164,• 3»90 451,0
100,0 109,8 1.241,7 13,U bo." 40,4
100.0 108,5 87,,7 45 4 27.7 52. U
100,0 123,5 2,101 0 116.6 151 7 299,3
59,9 560.7 19,2 17 9 7u,W
1 0 0 .0
8,6 29,i? 1 2 1 .5
100.0 71,2 413,8
*\4 1,158,6 100,1 li.< *00,0
Spragne National.. 200,0 20
6,6 21,4 89 8
100,0 50,0 380.9
5,7 1. 4 as 0
100,0 40,1 290,6
7,4 45.0 71,0
Wallabout............ 100,0 29,5 604,0
Other Cities.
400,0 705,1 4.644,0 108,0 252,8 406,3
Uni Co. Nat J. C. 250,0 520.0 1,933.5 07 0 0o,5 174 4
250,0 370.2 1.4 U,3 60.0 50 A 352.4
3d Nat, Jer. City . 200,0 185,6 081 2 37,o 64 3 132.5
110,0 414,3 1.699 4 11 '.8 2*.0 110,9
id Nat., Hot»oke> . 125.0 81,3 090.* 42.1 37.0 01.6
25.0 44,1 421.0 20.2 20.1 79 1
1st. Nat..Staten IsLl 100.0 70.7 587,8 18 0 2i 7 117,3

Net.
De

0'its.

*
$
105,0 2.477,6
842.2
2,0 1.941 0
1.672,5
864,4
609.2
73,5 633,7
1,2-7,0
1.628,9
21,7 607,7
1,< 67,7
20*5.0 1,697.7
1.8 906,7
9 852.3
1,123,6
703,4
179 0 1.702.0
107 0 1.559,8
177,7 958,6
2.039,8
45,(■ 1.335,0
1.803,9
85.0 1,129,7
1.558,8
13.4 1.235,5
10,0 255.3
27,9 * 84,1
790.8
544.8
2.615.8
2.234,8
82,6 967,3
71,0 3.945,0
71,0 2.681,0
125 0 1.301,0
19.0 902,8
92.6 2,58 28
520.7
407.5
14.0 1,125,0
2,0 413,0
2 .0 222,2
126,0 026,5

Sank of New York.. $2,000,0 $1,838,0
*12/750,0
Manhattan Co........ 2,050,0' 2,216,2
17.207,0
Merchants’ ............. I2,000,0 '1,061,0
14.634.5
Mechanics’ ..............12,000.0 2.005.1
8.971.0
America........ ........|1,500,0 2.563.2
442 9 5.438,2
966.7
Pheall.................... |1,000,0
243.4
4,069 0
85,1 1,629,1
City ......
|1,000.0 4.322.8
8$
043,5
1.375,4
Tradesmen’s ............j 750,0
128,1
2.507.5
15.7 882,3
Chemical...............
300,0 6.990.4
25.6 1.339,3
2ft>17.5
Merchant*’ Exch’ge 600,0
176.1
179,0 830,0
5,l6‘) 2
Gallatin................. 1,000,0 1.725.4
H185.2
7 507.1
Bntchers’A Drov’rs’
300,0
121.2
1,158,3
568,0
Meohaolcs’dfcTrad’s’ , 400,0
170.0
2 120.0
Greenwich..............
200,0
171.6
»33 0
Totals Oct. 1... 90*3*0 $.433.3 i j j M .S ?,?$!•? t.S S jj 7.7fc.r 2,404.3 ‘>1,440,5
Leather Manofacra
600,0 482.0
3.770-9
Totals Sept. 24... 90/30 $.41S3 $107/0 L3*4040 40770 8,/oX.6\2.Q1Q f IS 114,1
Seventh. ...............
300,0
109.3
9.328.0
Totals ■'ept. 17... 00/3,0 $.43$,! *>/,508,4X3,42/.7 4./40.7 S, M2.413.631.1 \8082,1
State of New York., i 1,200,0
505.1
,3.0110
American Exchange! 5,000,0 2,610.0
l0
090,0
Commerce.............. 5,000,0 3.002.0
17*9!4.a Auction Sales.—Amongooner secunr.ina tu** following, no
Broadway................ !1,000,0 1.027.8 6.794 _
e6.7*8 » regularly dealt in at the Board, were recently sold at auction ,
Mercantile.............. |1,000,0 1.013.0 lO,9i»3,0
1] *96.8
By Messrs. Adrian H. Muller <£ Soo :
Pacific...................
422,7 475.1 2.462.2
3 183.7
Bepnbllo............... 1,500,0 834.1 16.068.7
18418.5
Shares.
Chatham........ .......
450,0 988.0 8.203.2
0.2
4
2
.0
20
Brooklyn Life Ins. C o ... 112
63 Consol. E levator Co. of
252.5 2.013.8
People’s ..............
200,0
2 .*>50.0
rooblyu City Safe De­
Duluth, 2d p ref.............. 54
564.5 9,972,6
North America.........; 700,0
11,342,1 10 Bposit
Co. .........................180
Hanover ............... 1,000,0 2.240.2 34.504.7
126 Consul Elevator Co. of
*3.117.5
Irving....................
500,0 368.0 3.544.0
Cons.Gaft Co. o f Balt.,Md. 04
Duluth, com ................ 10
<5*3.0 50
CltixeiiK’ ................
600,0 378.4 2.402.9
•
0
Nassau
Nat.
Bb
o
f
Bklyn.281
150
Amrrioau Union Life In­
2 500.6
Nmshu ...............
500,0 267.9 2.577.5
3.231.5
18 New Amsterdam Gas
surance
C o..............$2,000 lot
Market <fc Fulton...
900,0 974.1 5.920.5
0.154.2
Co., p re f.......................... 65
B on d s.
Shoe A Leather___ 1,000,0
154.0 3.272.9
3.86",9 23 New Amsterdam Gas
$3,750
New
Amsterdam
Gas
Corn Exchange......i 1,000,0 1.330.8 9.005.5
l0 203.5
Co., c o m ...............
26
Co. 1st Consol. 5s, 1 4*,
Continental............ 1,000,0 005.2 0,093,1
0,262.4
1 New York Law Institute
J&J ...................100-10.' and lot.
Oriental................ I 300.0
397.4 1.893.4
1.912 0
(all dues paid! .............. $66
$7 New Amsterdam Gas
Importers’* Trad’rs 1,500,0 5.615.1 23,123,0
23 852.0
Park .................. I 2.000,0 3.235.9 34.10 >,0
Co., pref , sorip ....... .......... 64
4-2 113.0 20 Baldwin’s Bank, Penn
Ka*t River.............
250,0
154.7 1.236.4
Yan,
N. Y. ..................... 100
$12 50 New Amsterdam Gas
1.296.0
Fourth.....................
8,200,0 2.030.2 23.903.4
25.240.0 112 H e c k e r - J o n e s -J ew ell
Co , com , scrip ............ ...... 25
Central.....................
510.0 9.019.0
1.000.0
12 067,0
M illing Co., p r e f .......... 37
$3,000 Albemarle & ' hesap.
Second.......................
721.1 6.718.0
300.0
0.038.0
63
H
e
o
b
e
r
Jones
Jew
ell
Canal Co 7s, 1909, J & J ... 100*4
Ninth....... . ............
750.0 287.6 3.118.0
3.311.0
M illing Co., c o m ............ H‘ , $1,000 Hiding & Driv'g Club
First....... ..................
500.0 7.488 2 28.377.5
28.381.5 108 Esty
Hosiery
C
o
_______
25
o
f B rooklyn, 2d 5s, .non*
N. Y.Nat’l Exch'ge.
50,8 1.342.2
300.0
1.840.9
cum. incom e________ ____$300
Bowery.......... ............
611.2 2.918.0
250.0
3.442.0 50 Celluloid C o ....................... 79
New Y >rk County..
450.3 3.315.1
200.0
$1,000 Newark Som erville &
3.843.7 25 American Surety Co. ...1 6 0
German American..
298.1 2.824,8
750.0
1 Clinton Hall Aesoclat’n $ 7 7
Htraitsv HR.
5s, 1929.
2.035.2
OhMa.................. .
1.000. 1,129,6
0
35.259 5 12 U. S. Fire Ins. C o___ ..1 16
27.564.5
May. 1896, coupon on. ... 8138
Fifth Avenue...........
7,823,91 1.390,4!
100.0 1.162.5
8.910.6
10 Hamilton Bank o f N. Y .120
$15,000 Certificates for 1st
German Exchange..
570.8
2.274 3
200,0
2.940 2 63 Consol. E levator Co. of
5s of the Block Lighting A
Germania................
748.3 3,678,1
200,0
4.888.9
Duluth, 1st p ref............ 80
Pow er Co. No. 1
............ 30
Lincoln.......... ..
300.0 748.2 7.104.4
8.356.0
Garfield...........
857.0 5,491,8
200.0
0,517.1
Fifth............. ..
200,0
320.3 1.079.5 •#—
2.148.3
B»nk of the Metrop!
300.0 850.0 5.235 3 1,610.3
8.472.2
f a u l t i n g a n d ^ fin a n cia l.
Went Side.............
340.41 2.247.0 357.0
200.0
2.508.0
Seaboard.........
500.0
384.2
8.347.0
1,025,0
9
9 43,0
Sixth ................
200.0
349.3
1,042,0
|
277,0
1.000,0
Western.......2
2,100.0
707,7 20,234 0 5,625,7
30 191 5
Flr*t Nat. B’ kiyn.*!.
300.0 954.01 4,703,0 994.3
5.337.0
Nat. Union Bank.
1,200.0 948,5, 12.94 1,8 3,289.0
14.180.1
Liberty ...........
BANKERS,
335.9 3.708 1 802,5
500.0
4.5'>7,4
N. Y. Prod. Bxch’ge! 1.000.
353,5
01 3,972.4 833.8
3.571.3
& J 9 F IN E S T R E E T ,
.
.
.
N E W V O K fc
Bk.of N. Amsterdam
250.0 290,4 2.909,8
5 70,9
3.170.0
6 5 State Street, Albany.
-JfiO,022.7 76.115,3 035,57 A8 136 U44 54.544.8 702.128.2

Spencer Trask & Co.,

___________I N V E S T M E N T

S E C U R I T I E S .___________

New York City, Boston and Philadelphia Banks.—Below Gbokoi Bakolw MoFFvr.
a.i. bkandkik tf. Whitb, J r
we furnish a satnorvry of the weekly returns of the Clearing*
o ffat
hite
H)a»e Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the non N o . I WA NS A U S T R E E BANKERS,
T,
.
.
.
NEW YORK.
member banks.

M

IN V E S T M E N T

& W

S E C U R IT IE S

,

THE

f'iO
b a n k e r s '

CHRONICLE.

© a le tt e .

t$ 1 T I 1) EH 1» * .
s i o f

P tr
Otntn

C om p a n y.

U a t lr m * d « (S ift jt a i.)
Ko?k«litr«
...
Ofrhtrj*lof
J hi war >............. ..
CbJe*
W w i lutUaou (q u a r i___
Ctiociaw Oklahoma & UtiU, pit*1
Ctu. tfniHltiilo a C lo v o liu d *\not
Cumbarli&iHt Valley (q i ia f d ......
K n iV F ai) <k No rib American . . .
Northern Pacific, pret. fqtiar)..
Bioax Oil* At raolfle, p r o f .. *..**.,;
3tfWkb!iiifi« A
tqm irj
N tr^ ci lE a llw n y ts.
Cincinnati St Ur. (quar 1 . . . . . . . .
CloTviiin(i City Rv, tqttar >........
N li’l B y . 8 4 L ouis (qim r ) ____
North Chicago St Hy. bin ir.) .,
P lrfl I iiM ttrtturf.
North R iv e r ......................... .......
7 1 1 »c e ll» u r o u * .
Bourbon Stock V an l» ( q u a t n ...
Chicago T<»1« photic (m onthly)..,
Cincinnati OiU (quar ) ...............
Clattla (H. B-j com . (quar.)........
“•
**
1st pref. (q u a r) ___
°
**
'-ml pr»’ f. (qnar ) . ..
Edla n Elec. Ill mu . N Y.(quar.)
N. Y. A N J. Telephone (quur ) .
standard C n d m P m l Cs6ie cqr.)
Streets W Stable Car L oom.cqr.)
U. 8. Rubber pr^f. (quar ) ..........

’ Oct.
Nov.
Ock
9% !Och
3
Nov.
Oct
U*» Oct.
*% Oct.
i
Dec.
IHl O c t
3% Oct.
1>» Jet.
i%
1

1% Oct.
% Chat.
>% |Oct.
3
Oct.
A

Oct.

2% Oct,
l
1>ct.
Jet
2%
1% Oct.
m \
IH

i%
i%
%

B ooks d osed .
( D ays iiM lklift.;

When
P aya ble

Nov,
Oct.
Oct.
Oct.
Oct

15 loot. J to Out. 15
1|Oot. 43 to Oct. 20
1 1— ------ t o ---------in

i Oot. 31 to Nov. 1
i -----------to -------------

IJVi

........ . t o ---------Nor. U to NOV. 24

The following were the rates of domestio exchange os
New York at the under-mentioned oities to-day: Savannah,
buying 1-10discount, selling T5c. per $1,000premium; Charles­
ton buying tg discount, selling par; New Orleans, bank, 50c.
premium, commercial, $1 35 discount: Chicago, lt(a20c.
per $1,000 discount; St. Louis, 35c, per $1,000 discount.
Dnited States Bonds.—Sales of Government bonds at the
Board include $10,000 4s reg, 1925, at 1201,;; $0,500 4s reg.,
1907, at 110 '.g to 110:\: ; $7,000 4s coup., 1907, at 11! ; $9 000 os
coup, at 112 % to list.; ; $1,000 5s reg. at 112s*-: $2,500 3s reg.
at 104!:, to 104^ ; $1,113,600 3s coup, at 105^ to 1 0 5 % , and
$5,280 ditto (small bonds) at 104-% to 10517.
The following are the daily closing quotations : f o r y e a r l y

range see seventh page following.
t n t e r e t t : Oct.
P eriod s,
1.

1 ------— ■ to ---------1 to Oct. 15
151Oct,
I ;s o r t ) S to Scut.
2 to Oot.
10! Oct.
10 Oct. 2 to O ct
15] Oot, l> to Oot.
10 Oot

4

1 S e p t 25
JS Oet,
1
i S e p t 21
15 Oot. 8
1
1 i , i------1* 1
5
10 Oct
Of, |——-----in 'Oct. 16

21
10
5
14

to Oot.

9

to Sept. 30
to Oct.
5
to Sept. 30
to Oot. 1fj
T o _______

ro i . , „ to
to Oct. 11
t o -----------to Oct, 31

W A L E , S T R E E T . F R .1U A V , O C T . 7 , I S 9 S .-.5 P. 91.

fV oL. L x v n .

Oct.

Otl.

Oct.

6

' 98V' 9-1* * 98%
110i%! 110“g 1 1 0 %
■Is, 1U 07.............reg.
4», 1 9 o 7 ........... coup.
lion* 111 •110%
'1 2 ( 5 Hi ■12(1H
4a, 1 9 2 5 .............reg.
> ■126%
126Hi ' 1'2h%I >126%,
4s, 1925........... coup.
1 1 2 % 112 % ■112%
5a, 1 9 0 1 .............reg.
5a, 1904........... ooup.
’112% ■112%, ' l l %
6a, eur’ey,’9 9 . . . reg.
■102%;' 102VI ■ 102 %
3s, 1 9 1 8 .............reg.
‘104% 104 %: * 01 %
1 0 5 V 10S% 105%
3a, 1913 .........coup
3a, 1918, sm all.reg
1041.1 ‘ 104% * 1 0 1 %
3s. 1918, small, .o'p.
105
104% 105 n
4s, (C lier.ll899.reg.
■ 101
101 1‘ 101
■TliU Is the jr io e hid at the m orning h oa rd ; no sa le w « made.
Zb........................reg.

State and Railroad Bonds.—Sales of State bonds at the
Board are limited to $62,500 Virginia fund, debt 2-3s of 1991
and $4,000 Tennessee settlement 3s at 93'^.
Tnere has been a better market for railway bonds than we
reported last week. At the Exchange the volume of business
increased to an average of about $2,250.f'00 par value per day,
and the market was generally firm, with a notable advance
in some issues. Wisconsin Central trust rece pts lead the
list in this respect, closing to day at 59, a gain of nearly 7
points from Monday’s opening price. Atchison adjust­
ment 4s, in sympathy with the preferred shares, were active
at an advance of about 2 points. Texas & Pacific 2ds were
also in request and show a similar gaiD. Union Pacific 4s,
Southern Railway os, Missouri Kansas & Texas lsts and
Erie prior 4s are among the issues which advanced a point or
less. The active list includes also Northern Pacific, Reading,
San Antooio & Aransas Pass and Union Pacific Denver &
Gulf bonds.
Stock and Bond Sales.—The follpwing shows the volume
of business in stocks and bonds on the New York Stock
Exchange for the past week and since January 1,

The Money flarkot and Financial Situation.—While pro
fessional traders have been again prominent at the Stock
Exchange and have succeeded in effecting wide fluctuations
in several speculative issues, there has been a broadening of
the security markets and an increase of legitimate business
this week in Wall Street. Evidence of this is seen in a more
active and firmer market for railway bonds than has existed
for several weeks past, in an advance in Government 3b to
the highest quotations recorded for them, and in a moderate
increase in commission house buying of standard shares.
The outside public is evidently again taking an interest
in railway .ecuritie?, stimulated Dy the excellent traffic
reports recently made, by the prospect of a large increase
when the grain movement becomes more general and by the
easier money market, Perhaps the strongest influence, how
ever, in bringing about a change of sentiment in financial
circles is the more promising political outlook and the hope
■— W eek e n d in g Cct. 7 —. .-------- J a n . 1 to Oet, 7 -------- of favorable legislation affecting our financial system during JV. r . Sales
Stock Exeh1898.
1897.
1898.
1897.
the coming session of Congress.
G overn m en t bond* * 1 ,1 5 4 ,8 8 0
* 1 1 7 ,8 0 0
*1 0 ,7 7 7 ,2 3 0
SO,0 8 1 ,9 0 0
b o n d s . . .. .. ..
0 0 .B00
4,100
2 ,3 77,200
1,205,700An investment demand for long sterling bills is a new Stilt®
8 ,9 78,000
Oi l, 120,010
4 0 7 ,190 ,21 0
feature of the foreign exchange market, the natural tendency R B . * m tso.bon d s. 12,820,500
T o ta l.................. * 1 4 ,0 4 7 ,8 * 0
* 9 ,1 0 0 ,2 0 0
*0 3 3 ,2 7 4 ,4 4 0 *4 1 7 ,4 2 7 ,8 1 0
of which will be to restrict gold imports for a time. The
shares
2,175,429
1 ,9 89,503
8 1 ,1 2 4 ,1 8 0
5 8 ,471,811
money market has been steadily growing easier daring the s tool!*—No.
Par v a lu e ___ * 195,709,10U * 1 8 8 ,3 * l,6 u 0 * 7 ,8 0 7 ,7 1 2 ,8 2 5 *5 ,5 9 8 ,7 9 3 ,8 0 0
week and rates are correspondingly lower.
Bank shares,par val,
$ 1 ,050
$S,800
* 1 3 8 ,0 1 0
9 * 6 5 ,8 1 0
We add tue following record ot the transactions for each
The open market rates for call loans on the Stock Exchange
day
of
the
week.
daring the week on stock and bond collaterals have ramrod
W eek en d in g -— ----- S tocks ----------- % R a ilro a d , <£c. Stale
U. a
fro m 1 %J to 4 per cent. To-day’s rates on call were 2 to 2 %,
Oct. 7,1898- S hares.
P a r va lu e.
B on d s.
B ond s.
B on d s
per cent. Prime commercial paper quoted 3%! to 4J7 ter cent. Saturday.................
223 ,260
$19 ,6 2 8 ,2 5 0
$1,178,<J0G
$76,000
36 5 35 ,450
--------------1.956.000
68,900
The Bank of England weekly statement on "Thursday Monday............... 188,967
3 9 ,005,200
410,00*
2.523.000
265,000
showed a decrease In bullion of £1,430,022, and the percentage Tuesday.............
36,185,750
Wednesday. . . . . . . 402,558
*, 109.000
$500
141.920
of reserve to liabilities was 1P20, against 47'58 last week; the Thursday............. 891,812
2,2; 9,000
86.126,600
2,000 153.920
25,927,850
2,«91,500
517,54®
64.000
discount rate remains unchanged at 3 per cent. The Bank Friday.................. 275.331
of France shows a decrease of 9,475,000 francs in gold and
Total..............2,175,4*9 $195,769,100 $12,820,500 $66,500 $1,154,889
5,425,000 francs in silver.
The sales on the Boston and Philadelphia Exchanges for
The New York City Clearing-House banks In their state­ the week ending Oct. 7, 1 898, have been as follows :
ment of Oct. 1 showed an increase in the reserve held of
— Boston.P h ila d elp h ia .- ----Listed
B ond
U nlisted
U nlisted
B ond
L isted
$7,418,000 and a surplus over the required reserve of $15,shares.
shares.
sales.
sh a res.
sales.
sh a res.
827,150, against ♦8,252.8?5 the previous week.
9,779
$69,000
0.124
Saturday. . 7.*08
3,425
$67,700
1898.
Oct. X.
*

0*pM*L....... . . . . . 59.027,**00
l o r p l a i ................ 76.115,3041
Loan* A fUao'nl* 635,572.800
C irculation.. . . . . . 15,408.400
Hetdeponit* . . . . 7- 2,12*,200
S p e cie .. . . . . . . . 130,3 U ,400
lyQwiU te n d em ....] 54,544,800
100,859,200
tjnqid re se r v e ....! l *5,532,050

D ifferin 'sfP tv
P rev . week.

1897

Oct, 2

L896

Oct. 3

$
................
50.022.7001 60,622.700
................
74.291,300; 73,015,600
Deo 6,589,500 571.9-3, t'X)!4.N3.106.000
Inc. 521,400 IS,700.400 19,9*0,400
Id o . 1,374,900 019.353.<00 454,733.100
In o .0,687,800 02 .365 .100| 55,801,100
1no. 750,200 78,043,COO; 74.408,200
In o,7,418,0 0 0 : 170.388,7001130.209 300
I n c . .143,725 154.838,300 113,683,275

Monday ... . 19,885
Tuesday... .*1.573
Wodncsd’y.17,398
Thursday.. . **,049
rnday...... . 9.800

9.130
19.36 1
20,2«8
18,699
8,200

39,300
I 17,075
96,050
147,500
105,000

7,521
13,628
0,903
10,217
17.748

4,00*
4,294
2,005
8.390
9.942

52,81$
133,650
108,700
81,800
139.000

j Total,.,.100,866
'

70,277

555,525

65,198

32,734

583,665

Railroad and Miscellaneous Stoeks.—The stock market
i has been fairly active, transactions at the Exchange averaging
nearly 420,000 shares per day. Some of the industrial stocks
continued to fluctuate violently during the early part of the
week, but the whole market settled into a more normal condi
1 tion on Wednesday. The railway list was generally firm and
quotations advanced between 1 and 2 points in many eases.
Srrrpl am reserve 15,327,150 In o ,7,074,275 15,550,400! 16,526,025 |
The grangers were notably strong on St. Paul’s excellent
For* ign Exchange.—The market for foreign exchange traffic report for the fourth week in September and for the
has been steady and only moderately active.
entire month. Thursday’s market was somewhat irregular.
To-day'* actual rat®* of exchange Were as follows : Bank­ A feature of yesterday and to day was liberal selling of
ers' sixty day*’ sterling, 4 81 . 0 1 82; demand, 4 S ititl
Northern Pacific common which resulted In a decline of 2%
cables, 4
84:'1.; prime commercial, sixty days, 4 01L d points on minors of new complications. The locil trac­
4 81$£; documentary commercial, sixty days, 4
31|g; tion stocks were most erratic of the railroad list. Brooklyn
grain to r payment, 4 8l<$4 8 U£; cotton for payment. 4 s(jte Rapid Transit advanced over 6 points and Metropolitan Street
@4 8C5* i cotton for acceptance, i 811^04 81*£,
Railway S’q points, while Manhattan Elevated fluctuated
Poate'1 rates of leading bankers follow;
over a range of
points and close* with a small net loss.
Speculative manipulation of the industrials carried Ameri­
Oct. 7 .
1 Sixty days. ,
Demand.
can Tobacco down to 118, a decline of
points from our
last quo ation and of over 40 points within two weeks, from
Prl m e banter*’ sterling bills on London.l 4 82**
i
4 85
which some recovery has been made. Within the week
Prime com m ercial. ............. ..............4 81 *494 81 *3 !
........
American Sugar Refining has covered a range of 0 % points,
Do^arnentary commercial...,........... 4
81V __ .
ftwri* bunker** (franc#)..................... ; 5
5 22^»21i3,* Consolidated Gae 12 points, New York Air Brake 15t| points,
Amsterdam <£Ullder«i hankers............... 397«i>39i&.^
40 * 4 0 1 , A
Hawaiian Sugar 6 pouits, American Cotton Oil and United
Frankfort or Bremen frelchmarkw; b'kers 84»*e®941i 947g
States Rubber nearly 4 points each.

Oct . t , 1898.]

THE CHRONICLE.—STOCK

721

PRICES (2 p a g e s) P a g e 1.

New York Stock Exchange— A. Daily, Weekly and Yearly Record.
8 T 0 0 Z S — H IG H E S T A.VD L O W E ST 8 1 L E
S a tu rd a y ,
Oct. 1.

M onday,
Oct. 3.

T u esd a y,
Oct. 4.

P R IC E S .

W ed nesd ay T h u rsd a y,
Oct. 5.
Oct. 6.

F rid a y ,
Oct. 7.

STOCKS.
N. Y. STOCK EXCH.
R a ilro a d Stocks.

*180 220 •180
•ISO
•185 220
•180
•180
•11 12 *11 12 *11* 12* *11*
53494 3444
Do
pref.
•35 35* 531* 34* •35 35* *35 36 •35 36
13« 12* 12* 12* 12* 12* 12* 12* 1294 12* 18H 124* Atcb. Topeka A Santa Fe.
Do
pref
33 34* 33* 34
32H 33*
81& 3<H 31!* 32* 32 33
41 41
40H 41* 41* 41* 41* 41* 41* 42
40* 40* T)alt.AO.,tr,rPC.2d ins.pd
*31 33
32 32 •31 32
•31* 33
Do pref., when issued.
*68 60* 0s* 09
0994 6994 08* 68* 09 09* 6894 0894
7
7
•0
6* Balt. A O. Southw., pref..
•3
5* 0 *
5* •5* 8*
108 •103 108 *103 108 Bost. A N. Y. Air L.. pref.
•103 108 •103 108 •103 108 ♦103
05 88* 06 87* 05 aaj. Brooklyn Rapid Transit...
03* 02 04* 83* 06
•80 33 •30 33 •30 33 •30 33 *30 33 •30 33 Buffalo Roch. A Pittsburg
72* *67* 72* *70 72* 78* 72* •67* 75
*..... . 73* ♦
Do
pref
*00
•SO
•80
•80
•So
•84* 8554 8594 85*
-85
*85 86* 84*
53 53
53 3 53* 53
552* •52*
i53X 52* 53 " 52
91 91* 91* 91* 91* 91* 91* 919. 91
91 91
91 Central of New Jersey....
25 25
25 ‘23* *25 26
2494 21->1 Central Pacific................
24H 21* 24* 24*
22 22
31* 22
81H 23* 21* 22
21* 22
21* 8 ! vpChesapeake A Ohio.........
•152
•'52
*152
•152
•152
§155 157
•170
*170
•171
*171
•171
113*114 113* 114* 114* 115* 114* 115* 114* 11594 114 114* Chicago Burl. A Quincy...
52* 53* 53* 54 54
54 55* 54* DOH Chicago A East. Illinois...
S3* 53*
*....... 106
100
106 $106 100 100 100 •105 100*
Do
prof.
14 14* 14
14*4 14* 14* 14* 15
14 1494 1354 14^ Chicago Great Western ..
*70* 73 •70* 73 •70* 73 •7094 73 •70*f 73 *70* 73
Do 4p.o. debentures.
40* 40* 40* 4U* *40 41* *40 42 •40 42 Mu 4U<
Do 5 p.c. pref. “ A .
•37 28* •27 20* *27 as* •27 20* *27 28* ♦37 26*
Do 4 p.o. pref. “ B .
•8
9
♦8
9
18
8
9 Chic. Indianap. A Louisv.
8*
8* •8
•20 32 •29 32 •29 32 •29 32 •29 32
•29 32
Do
pref
10594 106* 105* 100H 106* 108 107* 108 107* 108 106* 107* Chicago Mllw. A St. Paul..
154* 154 §153* 153* 154 154 •154
151* 154* 1154s* 154*
Do
pref
129 120* 128*129* 120* 131 130* 13t* 130* 131* 130 130* Chicago A North Western.
5177 177
175* 175‘-4
99* 10094 101 102* 101*102* 1 0 1 0 2 * 101* 102* Chicago Rock Isl. A Pao..
09* 10
77* 79* 73* 80
79 79 Chic. St. P. Minn. A Ora...
79* 80* •79 80* 79 79
•157* 160 •157* 100 •157 100 ♦157* 160 •157 10# •157 100
Do
pref
*8* 9
*8* 9
§** 3* •8* 9
8* 8* •8* 8* Chic. Terminal Transfer..
33 33
33* 3 <* •33* 34* ♦33* 34* •33* 34 *33* 31
Do
pref
39* 39* 39>4 39* 40* 40* 40 40* •40 40* •40 40* Clev. Cin. Chic. A St. L__
17
17* 17 17* 17* 17* 17 1794 10 17
10* 1694 Clev. Lorain A Wheeling..
49* 40* 49* 49* 49* 50* 4?H 50* 44 479% 45 47
Do
pref
►169
•100
•109
♦109
no*
•5
1106
•149
S3*
*14*

16*
**
100
151
61*
16

18* 13*
34* 35
•17 18
§30 30
05
•10 14
•30 37
•12* 15
133* 133H
30

16* 1691
•5
5,
100* 106*
•14M 151
•1344 14
54 51*
•14
15*
113*
•34*
•17
•30*
•60

§16 10
5* . 5*
100* 106*
151 151
•13* 14*
54* 51*
•14 10

5*
§100*
1151
M3*
51*
*14*

0
107*
151
14*
55
10

3* 3* Col. Hocking Val. A Tol...
4* 4*
•10094 108* 10.« 108H TNelaware A Hudson.....
•
150*
1JS 1-Jel. Lack. A Western..
•13* 14* 13* 13* Denver A Rio Grande. ...
Do
pref.
55 55* 53 55
•14 10 Des Moines A Ft. Dodge..
•14

13* 13* 13* 1394 •1394 139% 13*
11* 3494
35*
35* 35* 35* •35 35* •31*
18 •17.4 18* •17., 18* *17* I K * *17%
32 33
32 33
33 33* •33
2?
05 ►60 05 •60 61
•00
01 01

13* prie.............................
35* L* Do
1st pref
Do
2d pref
is*
33* Evansv. A Terre Ilaute ..
Do
pref
05

R a n g e f o r y e a r 1898.
Sales
o f the On b a sis o f ioo-sh*re lots
w eek.
L ow est.
S hares
H igh est.

180 Feb 3
44 34 Jan 4 40*Feb 7
3,075 10*Apr 21 14*Aug 10
50,985 22*Mar 12 37* Aug 27
4,086 il2*Jan 25 4o*S«p 19
300 32 Oct 6
1,49) 08*Oct 5 72*Sep 16
1,500 5*Jan 19 ?%FeD 8
5105 Mar 9 §105 Mar 9
178,342 35 Mar 12 0994Aug22
25 Mar 12 34 Sep 7
10- 02 May 0 76*Sep 7
5«)u
1,810
1,730 80*Mar 20 98*Jan 7
1,52* 11 Apr 23 ae^sep 23
0,935 17*Mar 20 26 Aug 17
17«54,707 85*Mar 26 120 Aug 18
1,000 49 Apr 19 60 J’ne 1
355 102 Jan 7 113*Feb 1
28 740 9* Feb 24 IS Aug 22
71*J’ly 15 73*Sep 2
31o 28 Mar 15 42*Aug 22
20 Apr 21 30* Aug 10
217 Feb 24 11 J’ly 27
23 Apr 16 38*J’ly 27
84,203 8S*Apr 21 115 Sep 8
821 140 Apr 25 159 Aug 1*
2,797 113*Mar 12 130*Aug 23
317
44,73- 80 Mar 25 108*J’ne 1
2,327 65 Mar 12 87 Aug 17
5148 Jan 5 5165 Aug 17
2 >4
9*Mar 3
40 22*Jar 3 37* Aug 29
2,850 25 Mar 12 47*Aug lfl
77* Mar 6
5.197 1l*Mar 26 19*Jan 12
8,702 44 Oct 6 58*Sep 8
182 14 J’ne 23
2,91
3* Oct 7
87) 103 J’ly 16
144*Apr 21
>« 10 Apr 26
4,7* 40 Apr 21
8X4Apr 21
590
1,350
1,12 7
200

11 Apr 21
29*Apr 22
15*Apr 22
22 May 9
40 Jan 18

1894Sep
8* Feb
114*Feb
159 Feb
15*Sep

16*Feb
4391Feb
21*Feb
34 Sep
70 Sep

R a n g e f o r p rev i­
o u s y e a r fl897;.
L o w est. H igh est.

22MApr
9*Apr 17 Sep,
17 Apr 35*Sep
9 J’ly 21*Sep.
2 J’ne 9*Sep!
102 Mar 106 Oct.
sixrw
S7*Deo
1094May 31 Dec
54*J’ly 0094Dec
82 Deo
08*May 103*Jan.
18 Sep.
15* Mar 27*Aug

26 Nov
69*Apr
130*May
10194Apr
0O*Apr
47 Jan.
138* Jan.

102*Sep.
01 8ep.
103 Sep.
20*Aog
75 Dec
43 Sep.
S3*Sep.
13 Aug
38*Sep.
102 Sep.
14*3 Sep.
I32*se'r
97*Sei
89*Sep.
150*Dec

21*J’ne
63 J’ne
39 Nov
101 Apr

41*Sep
86*Sep
49*Deo'
l68*8ep

3*J’ne
71*Oct.
31* Aug

2
10
18 Jaz
3 99*Apr 123 3ep
5 140* May 104 Aug
7 9*Apr l4*Aug
50*Aug
14*J’ly
4 1l*Apr
11 27 Apr
11 15* May
20 20 J’ne
24

19 Sep
46*Sep
25*Aug
34 Sep
48 Sep

•n* 15
131* 135
•30

•i i* 15 •11* 15 •11* 15 *11* 15 Ft. Worth A Rio Grande..
10 May 19 1094Jan 31 12 Not 20*Sep
135* 135* 134* 135* 135 135 131 i i3m f^reat Northern, pref__
2,085 ♦122 J’ly 1 180 J’ne 30 120 Jan 141 Sep
•30
VJ reen Bay A Western ..
•30
10 530 Jan 7 32*Feb 24 27*Apr 40 Aug
•JO
•30
41* 4 4*
2,8 72 96 Apr 21 115 Sep 6 91*Apr 11094Aug
iio * i n * 110* 111 111 111* n i* i n * 111 111 n o * 11094 Illinois Central.............
•92 100 •92 100 •92 100 •92 100 •92 100 •92 100 I- Do leased line, 4 p. c.
594 Feb 18 97*Aug 23 88 Jan 97 Aug
•9
•9
•9
9* •9
9
9 Iowa Central..................
200 7*Mar 18 10*Aug 22 0 Apr 13*Sep
9* •9
9*
»*
•83 34 •83 3 l •33 34 •33 34 •33 34
32 33
120 25 Apr 28 37* Aug 10 23 J'ne 4194Sep
Do
.
pref
9«iAojj
•5* 6* *5* 0* •5* 0*
0
0
•5* 0* •5* 0* I f anawha A Michigan...
100 6 Feb 2 0*Feb 2
•18 29 118
18
17* 17* 17 17* 17
17* 10 17 IVan. City Pitts. A Gulf.. 1,525 15 Apr 26 24*Feb 10 17*Deo 29*Sep
•3
5
4
•3
•2* 4
•3
4 Keokuk A Des Moines.....
4
4
•3
•3
3 Jan 27
2 Feb 494Aug
•13 15 *13
15 *13 15 *13 15 •13 15 •13 15
Do
pref.
15 May 12 18*J’ne 14 12 Mar 28*Jata
•29 32 •29 32 •29 32 •29 32 •29 82 •29 32
34 Jan 31 32 Feb 30*Oct
•3 10
•3 10
•3 10
•3 10
•3 10 Kingston A Pembroke__
2 May 19 4*Aug 10
1 Auf 2 Aug
•3 10
16 10
13 15* •15 17
700 12*Mar 14 23*Aug 22 13 May 22*Sep
1594 15* •15* 17* •15K 17 r ake Erie A Western....
73 73* 0** 70* 70 70
Do
pref. 2,531 00 Mar 14 83 Aug 19 53*Apr 79J«8ep
•70 71
80* 80* 70* 71
•102* 194 ••92* 194 1198* 192* 1192* 192* •192* 191 •142* 191 Lake Sh. A Mich. South...
41 17094Jan 4 198 Aug 4 152 Jan 181 Sep
*46
•40 55 •45 55 •45 55
54
54 54* 53* 54* 54* 55* 5494 55* 517* 559* 54* 54* Louisville A Nashville.... 13.145 44 Apr 21 00*Jan 31 40HApr esjiSep;
,00* 91* 90 9 1
9 4* 95* 92* 91* 9 3* 91* 9274 03* \Yanhattan Blev.,consol. 108,191 90 Oct 3 120*Jan 14 8194May 113 Sepv
157 158 150* 157* 157 150* 158 162* 183 105* 103* 167 ALetropolltan Street..... 47,156 125*Mar 26 171* Feb 14 99*Oct 183*Df «
•5
5* •5
5*
5*
5* •5
5* *4* 5* Mexican Central.............
1
1
l Nov 2HAug
1 Mexican Nat’l ,tr. recta...
1 Feb 10 l*May 2
•* 1
’* 1
•*
•106 lot •105"* 108 1110•* 110 •107 110 1100* 100* •100** 108 Michigan Central............
100 99* Mar 12 114* Feb 8 90 Jan um sap
•36 28 •83 28 •20 20
24 26* •20 28 520 20* Minneapolis A St. Lonis...
500 24 Mar 11 30* Feb 15 10 May 31*Sep
90 •88 9)
•83* 90 •89 90 •89 90 •89 90
Ho
1st pref.
50 84 May 14 91 J’ne 27 77* Mar 90 Sep
•si*
•58 59 •57* 60 •57 59 •57* 00
Ho
2d pref.
59* 59* •58* 00
110 46 Mar 20 63 J’ne 8 40 Feb 0294 Sep
•6
0 Dec
Mine. St. P. A s. s. Marie
•8
•8
•0
•10
•10
7 Mar 11
11 •10* ii
at
11 ii
•10* 11 •10* 11* •10* IW Mo. Kansas A Texas.......
15* 10 Apr 13 14*Jan 26 10 Apr 18KS0P1
32 32
31* 31* 32* 33
Do
pref. 3,005 2894Mar 12 41 Jan 28 24*Apr 42 Sep
33 33* 33 33* 3294 32*
3S
32 33* 32* 33
31* 3 i
32* 32* Missouri Pacific.............
7,737 22 Mar 12 38«A uk 11 10 May 40*Sep
. s ’ a 29
32* 33
•87
•27 29
•27 29 •27 29 *27
27* 2?*, Mobile A Ohio...............
29
2)0 24*Apr 19 32*Feb 7 18 J’ne 32 An,
•175
173*Oec
•175
§175 L75 •175
•175
175 Sep 8
•175
10
85 Sep
us* ns* 115*110 115* 110V6 115* 110 115* 1156* 115* 115*
Y. Central A Hudson..
105 Mar 26 120*Aug 8, 92* Feb U5«8ep
14 •12 14 •12
13* •12 14 •12 14 •13 14 M. v. Chicago * St. Lome.
11* Mar 14 15*Jan 81 11 Feb 17*Sep
*65 80 •65 75 •60 75 •00 75 •00 73 *0 1 75
Ho
1st pref.
73 Feb 19 76 Jan 81 67*Apr 81«8ep
•81 37 •31 36 *31 36 •31 34
Ho
2d pref.
•31 34* •31 35
28 Mar 25 40*Jan 29' 24 Feb 43«Sap
325 Dec
•350
......
N Y. Lack. A Western....
§121 l 34
2j 5120 Apr 20 125 Sep 8 119 Jan 122 Mar
185* Sep
'190
15* 15* 15* 15* 15* 15* 1594 15* •l** 1594 15
15* N. Y. Ontario A Western.. 2,302 ' 18*Apr 25 ' 18**Feb " 2 12«Apr 20ii 8TO
•60 66
•18* 15* ♦HU 15* 14* 15* •13* 15*
17>4Sep
15* Norfolk A Western.. . . . . .
•13
11* Apr 21 17 Feb 7
15*
50* 50* 50* 51
pref. 1.85 • 42* Mar 12 50*Feb 7 22*May 48*D«0
51* 51* 150 50
•50 50* 50 50* _ Do
jo* * ' * 40* 41* 41* 42* 41 42* 40* 11* 39* 40* Nor. Pac. Rf., vot. tr. ctfs. 195 8 15 19 Feb 24 42*3op 16 11 Apr 82*Deo
75* 70* 75* 70* 75* 78* 75* 70* 75* 70
Do
pref. 29,010 56* Mar 12 79*3ep 6 32*Jan DDiOM
75* 73*
•50 58 •55 58 •55 57 •54 50 •55 57 /~\r. RR.A N.Co. vot.tr.cfs.
35* Jan 7 61*Aug 22 10 Apr 41 Sep
70 76 *75 78 •75 77 •75 77 •75 77* V/ Do pref., vot. tr. ctfs
715 05*.Mar 29 77*Aug 31 37*.) an 73*Se p
• These are bid and aaked prices ; no tales on this day.
I Less than 100 shares. t Ex dividend and rights.
t Before payment of assessment.

OUTSIDE S EC URITIES ( G ivem
B trss t R a il w a y s

Bid. Ask.

NEW YORK CITY.
Bleeck 8t A Fn) F—Stock. 33
1st mort 7s 1900.. JAJ 103 105
B’way A 7th Ave—Stock, 218 22T
lit mort 5s 1904...JAT) $104 107
3d mort 5s 1914__ JAJ $111 112
Con 5s 1943-Set Stock Kxch 11st.
B'way Surf 1st 5sgn. 1924 115 117
3d 5s
as rental. 1905 $100 107
Central Croaatown—8tock 255
1st M 6s 1922..... MAN $118
Gan PkNAK Riv—Su»ck 1 8 0 18"
ron«n| 7| jooo
1*112 l i s

at foot of

7 ooN’s e ctm v E

Bid. Ask.
Htreet Kallwrtva.
Chnat'p’r A lotu ai-ou»cx 100 165
100* 103X
ColA 9th Ave 5»-Sm Stock Exon i l.u
D D KBA Batt’y—Stock. 170 190
lit gold 5a 1932...JAD $11594 116*
Scrip 5a 1015.......FAA 101 If 8
Eighth Avenue—Stock.. 318 355
Scrip 0a 1914 ........... 108
360 305
42d A Gr St Fer—Stock.
64 6 7
42d St Man A St N Ave
1at mort 0a 1910. .MAh 115* 117*
98
2d Income 0a 1015.JA
90
T^r A Pav *
U ** «a
t.» Exoh i tat.

pages ).— S T R E E T R A I L W A Y S ,

dcu.

Bid.
Street Hallways.
Street ltnllwaya.
Bid. Aak.
Union Ily 1st 5s ’42. FAA $113
Metropolitan—See Stock Exch 11st.
$110
Ninth Avenae—Stock.... 175 180
BROOKLYN.
Second Avenue—Stock... 178 182
Atlau. Ave., 1st 5s..AAO $107
1st mort 5s 1909..MAN $109 110
Con 5a g 1931..... A&O $109
Debenture 5a 1909.JAJ $108*
Impt 5a g 1934..... JAJ 95
Consol. 5a. 1948... FAA 114* 115*
B. B. AW.K. 5 b 1938. AouJ 90
Sixth Avenue—Slock..... 200 225
Brooklyn City—Stock.... 210
So Fer 1st 5a 1919..AAO $110 114
Conaol 5a 1941...... IA.J 1 1 8
Third Avenue—See Stock
list.
0'dynCro8at,n5al9O8. JAJ 105
28th A 2flt.h at. 1st 5«.. '96 $110* 113
3rooklyn Elevated (new) 27*
Twenty-Third 8t—Stock. 310
67*
103 106
B « *n H ar t al at Rg 1 9 4 1 A A O
104
Dnion Rail wav—Stock... 1 7 8 900

Ask.
1)5

112*

217
130
106

,

THE

7 12

C H R ' N I C L E .—STOCK PRICES (2 pages) P age 2

& r < J t -*A 8 - « / . « / t f w r A .V Z J L O W E S T
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j 1 8 1 0 4 l o o m 100 100 5100 m m o m 1 9 0
2
a
1 * 1 *4
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* im
im
i
IK

1
Apr
lim s e p
18!
4 % M ar
9% Sep
3 1
lim A p r
24m Sep
31
Ang
8 lo o m N ov 1 12
m J ’n o
6m Jan
5
29 Jan
2% Apr
4
17
8
Sep
6 Sep
29

1594J’n e
9
41% A u g 25
4Sm JTy
9

M a r 21
5%
M ar 26 1 2 8 %
O ct
4
14
M ar 12
2 6%

S O Jt

92
*45
95

2

1 4 6 % A u g 26 1 09 m M ar i 5 9m Sep
116 Jan
6 1 0 0 m J a n t 2i m s e p
94 J ’n e
85m Jan
98
S e p 16
06% A ng
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153% Seo 1 M
Aug
F eb 1 15
1 3 5 m A u g 26 1 0 0

36
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20
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om
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5 F eb
5
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*v *

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52
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98
70

121

ii « «

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A m e r i c a n S u g a r R e f i n i n g . 3 7 5 .7 5 1 1 0 7 m M a r
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Do
p r e f.
1 24 1 8 8
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A m e r i c a n T o b a c c o ................ 4 2 6 ,8 5 1
1 ,8 4 3 1 1 2 M M a r
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prof

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125

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94
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6

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ib tm o c t
50
Aug

37m M ar
85
M ar
45
M ar
57 Jan

25
54% Aug
9
12
M W A uk s
2 8 i 5 3 J 'n e 1 0
20
9 9 % A u g 31

22
M ay
70 m M ar
4 0 .F ir
38
Apr

49m
06
52
60

Aug
Aug
D eo
Aug

26m M ar
00
Apr
2m Sop
5 Apr
60
M ar
15 J ’n e

26
39% Aug
22 U S W A uk
17 . 2 1 % M ay
25
9
Feb
25
80 Jan
211 8 0 J a n

44
2 i% F o b
8 8 % Feb lo o m
23m
10
M ay
13
3
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90
S im M a r
45
8 i| A p r

Sep
S ep
Aug
Aus
Sep
Ana

89 M M ar 12

32
ssm
1 10
?m
75
ar>

......

3 ,1 0 4
sa m
M * l l ........... .............
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7 6 ,7 3 1
1 0 5 % P e o p l e ’sO tts -L . A C .f C h lo .:
t 3 ,0 3
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/ 'A u l c k s l l v o r m i n i n g . . . . .
101
2
a
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Do
p r o f.
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61$ O t a o d a r d R o p e A T w i n e . !
1 .1 3 '
nm
27
27
K P e tto , C oal Iron A H R
!
0 ,2 4 2

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8
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tn .
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t » r o f. 1 1 8 ,1 1 1
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407,
3 9 m l U n i t e d S tjvt.es R u b b e r .........
:,7 H
38K
lo ir n lo n t,
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io a
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n „
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0IX
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0 1*4 u lH
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____
j W e s t iu g b o u s e E le c .A M fg

3

14 A p r
5
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4
21
A p r 21
1 32 5 M a r 23
8 6 m M a r 2i!
165
M a r 12
i m s e p SC
5 J’ne 2
BO m Apr
<1
3m Jan
f
17 M ar 1 2
180
Aug n
5
M ay 27
38
Apr H
B W A pr 25
5 3 m M a r 2(
1 1 4 'm M o r 1 2
60
M a r 12
1112m M a v
8 2 m v t .t r A*
63948op 22

23
l«
23
10
1.8
27

s i w 'A u g
22
D ec
ftW A a s
3% Apr
1n « J a n
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30m Sep
24 ” Jan.
M ar
830
D ec 34n
0 7 m t> e o
91
N ov
1 52 J a n 185 S ep
iW A n s
im J ’ ne
13 A u g
8
Apr
65KJ<ki
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17
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9 m A u g 19
6
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4 8 J ’l r
37
F eb
$45
F eb
VI
H IN A U B
8 % M a y 24
em M av
72
S ep
50
Apr
7 4 % A u g 22
aSK Jan
10 J ’ ne
4 8 W A U R 17
lo o m A u g i i
50
J ’ ly
70W J*n
20 D e e
97 Jan
1 1 2 5 A u g 31
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0 5 % A u g 17
7 S K M .J
$O K $4<ep 2
120 S e •
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4 J 'n e
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108
Aug
2 1 6 J ’ ly
2m Jan
7
Aug
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L O H jA u g
34m Ang

10
23
11
22
25
31
5
7
22
8
26
22

* Tfi.n-fl ar« r,i i *n 1
price* p« '♦ mi fbt« 'l*t. l
tbaa ifid ^haro*. * dividend of 100 per cent la bauds.
| Lowest Isox dividend*
O UTSIDE S E C U R ITIE S (O iv k .v at foot of
nonsBounvB pages).— ^S T R E E T R A I.L W A T S , Sc
i

O ld .

B T r lr t i u f l « C * i . t « t B * . l » 4 l U n i 9 r f
O o n e o f f t a . . . ........... . . . . . . i
9U
B k ly n
9/t 8 L c v r .t,
O r -A B ’ k m D t ” #! 1 08
0 o n * 7 I n la n d A B r r ^ k * - 2 3 6
.......... J .A J j 1 0 3
1** ft* 1 9 0 4
S v • » T X f‘» t n d b t 1 0 l O . J A J , 101
B T . r . \ M e . 5 * * » « J A J f i 11 4
Q r.K u A N e w 1 # tA 9 * 0 6 A 4 O | ( 0 4
9 ’ p " ) A l* r .rin ?«T fR , l tl. **>*.:: 1 0 *
S f f W * C o . iP e v jK t.— S t o c k ,
S
B o n d .* — ft/* a f r* c k K v c h . lt > »t

A »k

too

• h rm
! .H a m u

K n llw n r * .
p r e f ......... ..

4 « ..................................................
j N e w W m h g A Ft 1 * l e x . 4 m *
2*0
N Y A Q u f C d S n 1 0 4 6 . A A t»
? « t e ln w i» r l9 t a » iu g u .v j
OTHER C I T I K H .
H a lf ( V m - o l — S t o c k —
i r
106
B r l d g e p T r - l * t f > * ?3 .J .% J
B u f f a l o s t r e e t Rv—d t o c k .
1 fll, c o i i i o l o * 10 3 ) . F A A
SH\
C r --» * i« iw n 5 v 19 3 2 M A S
r b ip j w o C ity 8 8 — B t w lt .-

Bid.
>u
107

M et

........... I

101

103

?115

117

B a lt L

}100

70
*113
m o u

a«o

S ir o r t

Auk. j

10 5
HO
115
n ow
a »*K -

K n llw a v * .

B id .

A *k.

P h i l s liB t,
C l t U e n s ’ s t i l a d im p i
70
74
C l e v e l a n d C R y U y . . .........
t ’ lo v o i O a t p l i i S i 'O D . l W $ 1 0 3
!o * m
81
79
C l e v e l a n d Electric U y —
106
C o n f»» 1 0 1 3 ............. M A S $ 1 0 4
53
54
106
102
C o n 5 « 1 9 3 2 ................. TAJ
’ 02
100
< >i m B f 'w n - 1 at.5n’ 33.T A D
C n n . n l T riu tt.'n ( N .11— See P b l l a H a t.
13
L a k e 81 i C h l e l E l e v - S t o c k
18«
74
78
l k t 5 i » 1 9 2 8 , ................J A J
>o u Ir v St R y — 5 p c b o n d K $ 1 1 3
35
30
C o m m o n ..
..................

1

S treet

K a ilw a y e .

B id .

A sk.

L o u i e v rtt R y — P r e f e r r e d .
101
106
L y n n A B o s - 1 s t 5 a ’ 2 4 . J Jt D $ 1 0 4
M e tr o p W e n t S id e (C h t c ).
sm
m
61
60
1 s t 5 a 1 9 4 2 ................F A A
96
M i n n c a p 8 t R v- 5 b T 9..T & J $ 9 4 m
N ow O rle a n s T r — C o r a .. . .
3m
iiW
P r e f e r r e d ........... ...................
ow
75
N o te s 6 * 1 90 4 . ...M A N
N o rth C h ic a g o — S t o c k .. . .
105
1 s t 5fl 1 9 0 6 T 6 ........... 3 & J $ 1 0 4
SO
13
NO S h o r e T r ( H o s t ) - C o m .
75
78
* B u yer pays accru ed
in te r © at

11

220

THE CHRONICLE—BOJSTD IBICES (5 pages) iisa

Oct . 8, 1898.]

BONDS.

P r ic e
F rid a y ,
Oct. 7.

si

IT .Y .S T O C K E X C H A N G E
W e e k E n d in g O c t . 7 .

B id .

A sk. Low .

4 xron AChic Jnc. See BAO.
^Alabama Cent. See Sou Ry.
Alabama Mid 1st gu g... 1928 M- N
Albany A Susq. See D & H.
Allegheny VaL See Penn Co.
Am Dock & I. See Cen of N J.
87
........
Ann Arbor 1st g 4s....... 1995 Q-Jt
Atoh T & 3 Fe gen g 4s -1995 A - O 935^ Sale
Registered................1995 A- O
7156 Sale
Adjustmentg 4s........1995 Novt
Registered................1995 Novt i
Equip tr ser A g 5s.. ,.1902| J - J
Chic & St Louis 1st 08.1915!i>I-S
Atl A t Bklyn imp g 5s.. 1934 J - J
99*
Atlan A Danv 1st g 5s.. 1950 J - J 98
Atlanta A Char. See Sou Ry.
Austin A N VV. See So. Pac.
Creek AS. See Mich Ceui
B at
alt A O 1st «s Pkbg Br.’1 9 A -0 114
114
Trust Co. ctfs. of dep........•••
Sold 5s .............1885-1925 F -A
Coupons off...................... i ••
Registered...... 1885-1925 F - A
Speyer A Co. certf of dep.......
Tnn*t Co ctfs of deposit..
•■
Consol gold 5s............ 1988 jF- A
Registered............... 1988 jF - A
J P M A Co ctfs of dep. .......
Balt B’lt 1stg 5s intgu. 1990 M-N
W Va A P 1st g 5s...... 1990 A -O
Monon Riv 1st gu g 5s. 1919 F- A
Cen Ohio R lstc g4*sl930 M- rs 103
Col AClnM Istext4*sl939 «J - J ■ 75
Ak&CJ 1stintgug5s.1930 M-N
Coupons off............................... 102* .
Pitts A Con 1st g 4s.. .1940 J - J
Sale
B A O S W Istgug4*s.l990 J - J
. 85
BAOSWRycong4*s 1993 J - J
1st lncg 5s ser A ....2043 Novt
Series B....................2043 Dect
BAU8W Ter Co gu g 5s.’42 M-N
Ohio A Miss 1st con 4s. 1947 J - J
2d consol 7s..............1911 A -O
1st Spr’gtleld Dlv 7s.l905 M-N
103*
1st general 5s.......... 1932 J -D
Beech Creek. SeeNYCAH.
Bel A Car. See St L A A T II.
Boonev Bridge. See M K A T. j
Bway A 7th A v. See Met S Ry.'
Bklyn City 1st con 5s 1910-41 J - J 113 .........
Bklyn El Tr Cocf Istg0sl924 ....... ......... R a y
89
90
Tr Co ctfs 2d g 5s...... 1915........
8 A B B T C o c ls l s t g u g 5 s '4 2 ........

3d instal pd....................

j........

W eek 's
R ange or
L a s t S a le.

12

§^

H ig h . N o .

BONDS.

R ange
fro m
J a n . 1.

N .Y . S T O C K E X C H A N G E
W e e k E n d i n g O c t . 7.

L o w . H ig h

9 3 * A n g ’ 98

91

93*

87
93

81
85

89
90*

87
93?6

89* Mar’9*
09*

8996 89*
53$ 73*

72*

9896 Sep.’QS

95

11296 Sep.’98
114
115

9996

100 1 1 8 *
111*115*
80
lt8 *

114
115

95
90

1 1 1 * A n g ’ 98
115 S ep.’ 9o
1 1 8 * Sep.’ 98i •
110 A u g ’ 98 •
117*
118 i
"99
"
S ep.’ 9S •

11391
115*

97 ** 1 1 8 *
103 1 1 0 *
97
118
84
101

.
1 0 »*
75
105
105
107*
105
82
27*
9

A u g ’ 0o
75 J
A u g ’ 98;
A u g ’ 98 ■
J ’ l y ’ 98
105 :
Sep.’ flS
J ’ n e’ 98'
S ep.’ 98

105 A u g ’ 98
1 2 2 * J ’ly ’ 98
103*
103*,

99 1 0 4 *
75
75
105 105
100 ’ 05
105*107*
9 8 * 105
I 70
82
|| 27
27)4

8

1041, 105)$
120)4 188)4

18| 102)4 108

112
114
114
80*
90
l « , 79
80
30 J’ n e ’ 9P ; ; ; ;
' 08
68 M ay’ 98
...................... 7 0 * D e c ’ 07

114
94*
80
08

It n 11

n v m.

Bid.

Prov & Pawt’ck -lstb * ’33 *108

Rlohra HyAKIec-let5s’20 i ......
Rochester R y................
12
Con 5s 1930......... AAG 90
Bcranr^n Tnwtmn . ... 5n t ......
0s —See- Philadelphia Li st.
fto Side El (Ohio—Stock. 78*
Tw in City R Tr—
Common ...........
10
Preferred .....................
fin ’ d TrAKlee(Prov )-3t’k 70
C h ic a g o a t ............
03
~ Q o n 1936
............. M A N 1 05

foot

of

7

Bid. Ask.
Ask. I
Gnu SecnrlflM .
West End—See Mcmiud Exch 1st.
110
10
14
20
03
00
101
NEW FORK.
Central Union Gas—
102
74
1st 5s 1927............. JAJ $ 1 0 1
I Con Ou (N7)—Stocll—N YStk Exch
20
Deb 5n 1908......... MAN 100 no
72 [ 1 st 0s 1809........... FAA «io'i
Con. 5s 1032......... MAS j i n
03*
1 Mutual Gas.......... ............ 300

A sk . L ow .

B id .

• No once Friday; these are latest bid and asked this week, t Bonds due July, t Bonds due Nov.

at

P e e k 's
R ange or
L a s t S a te.

1*

H ig h . N o .

R ange
fro m
J a n . 1.
L o w . H ig h

Ches A Ohio—(Con.)
8 6* 127 73* 90
Gen gold 4 * s ........... ..1992 M80 Sale 8 5*
Registered...............1992 M -S
99” 105*
R A A Div 1st con g 4s. 1989 J - ,1 *103* 104 103* 104
95
95
2d con g 4s-,............. 1989 J - J
.... 06
90
05
9 5* May’98
95
99*
Craig Valley 1st g 5a.. 1940 J - J
Warm Spr Val lstg os. 1941 M -S
9 7* 104
Eliz Lex A B S gu g 5s. 1902 M -S 100* 102 100* 103
111 113*
Chic A Alton sink fd 08.1903 M-N 111 ...... 111 Sep.’98
107 111
Lou. A Mo Riv 1st 7s.. 1900 F- A *100 ...... 108 J’ne’98
2d 7s......................... 1900 M-N 108 ...... 107 J’ly’98
107 107
Miss Riv B 1st 8f g 0s.. 1912 A- O 100* .....
Chic Burl A Nor. See C B A Q.
1 13 *11 8 *
Chic Burl A Q —Con 7s.. 1903 J - J 1 1 5 * ...... 116 Sep.’9S
103*107
Sinking fund 5s.......... 1901 A-O 102 ___ 105 Sep.’98
1047* 1 1 0 *
Debenture 5s...............1913 M-N 109 ...... "* )
no
U3 115
1 0 4 *1 2 1 *
5
115
Convertible 5s............. 1903 M
1 0 9 * 111
111 Aug’98
Iowa Div sink fd 5s... 1919 A-O *108
98
104
102 Aug’98
4s..............................1919 A-O 100
97
103
103 Sep.’98
Denv Div 4s................ 1922 F -A 102
99
100
100 Aug’98
4s.................................1921 M -S
Chic A Iowa Div 5s.... 1905 F-A 105 107
’ 02*
Nebraska Kxten 4 s.... 1927 M-N 102 ...... 102
9 5*102*
97
97*
97 MaT’H>
Registered................ 1927 M-N
120
119 123
Han. A St. Jos con 0s.. 1911 M120 Sep.’OS
105
no*
Chic Bur A Nor 1st 5s. 1920 A-O ...... l io * 110* Aug’98
114* 110*
ChicAElll—istsfcur0s. 1907 J -D 115* 117* 110* Sep.’98
Small...........................1907 J - D
122 132
132 132 Aug’98
1st con g 0s..................1934 A-O
103
108
no
General con 1st 5s.... 1937 M- N
101*108*
101
100*
100 106* J’ne’98
Registered...............1937 M-N
100*109
105 Sep.9S
Chic A Ind C Ry 1st 5s. 1930 J - J
Chicago A Erie. See Erie.
Chic Ind A Louisville—
114
112 115*
Louisy N A A Ch lst0s..’lO J - J 114 Sale 114
80
92
91 8eo.’9S
Chic Ind A L ref g 5s. .1947 J - J 90 ......
90 107
Refunding g 0s............1947 J - J ........104* 105* Sep.’98
Chic Milwaukee A St Paul—
153
140 153
1st 7s $ gold R D........1902 J
153
153
1st 7s £ gold RD....1902 J
153
.......... 152* Sep.’98
137*152*
1st Iowa A L>7s.......... 1899 J
140 144
153 ...... 141 Apr.’PH
IstC A M 7s................1903 J
153 ...... 152* 152*
138 156
Chic MI1 A St P con 7s. 1905 J
139*153*
1st I A D Exten 7 s.... 1908 .1
1 5 3 * S a le
153* 153*
117
.......... 117
116 119*
Aug’98
1st Southwest Div 0s. 1909 .1 110 Mar’03
M 1 3 * .........
no 110
1st La Crosse A D 5s. .1919 J
114*121
1st So Minn Dlv 0s.. ..1910 J
H 8 * 118*
H 7 * .........
129
.........
128 130*
129* 129*
1st Hast A D Div 7s.. 1910 .J
107
.......... 100
5s..............................1910 J
Oct.’9 7
1 1 8 * .........
118* J’ly ’98
Chic A Pac Div 0s...... 1910 J
118 1 2 i
U 7 * 118
Chic A P W lstg 5s.... 1921 J
111 117)4
117
117*
114 ....... 114* Aug’98
110* 117
Chic A Mo Riv Div 5s. 1920 J ♦ 107
.........
107 Mar'98
Mineral Point Dlv 5s.. 1910 J 107 n o
♦ U 3 * .........
112 Apr.’98
CbicALSu Div g 5s.. 1921 J 112 118)4
U 1 4 * ...... 114 Sep. *98
Wis A Minn Dlv g 5s. .1921 J 111 115*
Termlual gold 5s........1914 J ♦ 113
.........
14* 114*
111 115
125
.......... 127* Jan.’9*
127)4 187)4
Far A Sou assu g 0s... 1924 .1
106* May'07
Cent sink fund 5s...... 19 L0 J
•112 113 112 Sep.’OS
Dak A Gt So g 5s........1910 .!
109 114
102 107
Gen gold 4s series A .. 1989 J 105*
105*105* 105
Registered............... 1989
104* 105)4
105* Feb.’9c
12*6” Sale * 120
120 122*
120
Mil A No 1st M L 0s.. 1910
117 123
1 2 1 * Sale
1st consol 0s..............1913 J 2 1* 121*
142* ...... 142* Sep.’98
CbicANorthw—Con 7s. 1915 g 138 145
114* 115 114* Sep.’9S
113 116*
Gold 7s........................1902 J Reglstered................ 1902 J112* 110*
........115* 1 1 4 * Sep.’98
113*124*
Sinking fund 0s.. 1879-1929 A........120
120 Sen.’OS
114 115
llegistered...... 1879-1929 A115
J ’ ly *9«
106 112
109 i n * 1 1 2 S e p . ’ 9 8
Slnking fund 5s. 1879-1929 A107* 107*
Registered...... 1879-1929 A1 0 7 * J ’ ly ’ 9 8
120 .
Slnking fund deb 5s... 1933 M
120
120*
111 120*
117
M a r 'O n
Registered................ 1933 11
117 119
109* .
107* n o *
110* 110*
25-year debenture 5s.. 1909
109* 109*
Registered.............. 1009 w1 0 9 s , M a r ’ O*
112 118
80-year debenture 5s. .1921
♦ n c*:
118
S e p .’ 9 8
117* U 7 *
1 1 7 * F e b . ’ MH
Registered..................1921
104 107
♦105 106 1 0 5 * A u g '9 8
Extension 4 s .. . . 1880-1920
Registered.......1880-1920
103 103
103
J ’ n e '9 8
Gen gold 3 * s ................1987
90 103*
1 0 2 * S e p . ’ OS

d i * Sale
91
< »,*
i 80
94
1 0 3 * 104
103*
104
s ! 91
106*
Bklyn A M ontauk. See L Isl.
Bruns A W est l s t g 4 s .. 1938 J - J
B aff N' Y A Erie. See Erie.
7 j 10 4 * 108
•100 108
Buff R A P gen g 5 s ........1937 M
107
107
D ebenture 0 s ................1947 J - J j
........127
R ocb A Pitts l s t g 0 s ..1921 F - A
127 M a r’ 0*
127
127
......... 128 A u g ’ 98
Consol 1st 0 s ..............1922 J - D * 123
|122 1 2 4 *
Cl A Mah 1st gu g 5s 1943 J - J c
103 A p r ’ 97
Buff A Southw est. See Erie.
Buff A Susq 1st gold 5 s ..1913 A - O
R eg istered ...................... 1913 A - O
1 0 7 H .......... 1 0 7 * Sep.’ OS
i'o '4 * 109
......... 100
107
Con 1st A col tr g 5 s ... 1934 A - O 106
100
109*
R eg istered .................. 1934 A - O
M A St L 1st gu g 7 s .. 1927 J - D ......................
......................1
C R 1 F A N W l s t g 0s.. ’ 20 A - O
108*’ D ecV97
103
......... 105 Jarn’98
1st gold 5 s ......................1921 A - O
105 105
*2*2 107H 111)$
f ianada South 1st 5 s ...l9 0 8 i J - J 1 0 9 * ......... 1 0 9 *
no
40 105
2d 5s............................1913 M -S
1 0 8 * Sale 1 0 8 *
100*
111
R e g is tered ..................... 191 31M - 8
100 J a n .’ O?
GarbASbawn. SeeStL AA TH .!
O artbage A A d . See N YC A H.
C R la F AN. See B C R A N.
Registered.................1987
Central O hio. See Balt A O.— I
Escan A L Sup 1st 0s. .1901
Oen R R A Bkg Co o f Ga.—
Des Mo A Minn 1st 7s. 1907
Collateral g old 5s......... 1937 M -N
92)4 J'ne'&D
87
93*, Iowa Midland 1st 8 s ... 1900
Cent o f Uh Ry— l s t g 5s.. 1945 F -A *
114)4 J ’ ne'98;
HI iissui Wlnona A St Pet 2d 7s. 1907
Registered ................. 1945 jF -A t
Mil A Mad lstO s.........1905
40,
C onsol gold 5 s ................1945 M -N
8454 » 8 X
8 9H
OttC F A St P 1st 5s.. 1909
8 9 * Sale
8»X
R egistered ................. 1945 M -N
North Illinois 1st 5s... 1910
13
1st pref Incom e g 5s. ..1 9 4 5 O ct.4 36 Sale
36
36
44)$
MU L S A W ls t g .5s.. 1921
a«X
11
1 0 * Sale
8d p ref in c o m e g 5s— 1945 O ct. *
10*
11
Convertible deb 5s. .1907
!5 «
•
9
..
8d pref Incom e g 5s. ...1 9 4 5 Oct.*
4*
4)4 Sep.’98j
Ext A Imp s f g 5s... 1929
8*
91
92
M A N Div l s t g 5 s . . . . 1940 J - J '* 88
92
J a u . ’ HM;
92
Mich Div 1st gold 03.1924
M obile D iv l s t g 5s___1940 J - J ...........
9ft
J ’ ly ’ 9 8
Ashland Div ls t g 0sl925
95* 99
Mid G a A A tl D iv 5 s .. 1947 J - J * 82
80* 809
8 0 * S e p . ’ OS
Incom es.................... 191 1
1
0
4
*
109
1 0 3 * S e p . ’ HS
Cent o f N J— 1st con 7s 1800 g - J t 1 5 1 *
Chic Rock I A Pac 0m.... 1o 17
1st con v ertib le 7 s ....... 1902 M -N * 1 1 3 *
112* 112*
1 1 2 * S e p .’ 9 8
R egistered................ 1917
1 1 2 * J ’ ly *9m v . —
C on vertible deb 0n-----1908 M -N i ..........
lio * 112*
Debenture 5s................ 1921
G eneral gold 5s..............1987 J - J 114
Sale 1 1 8 * 1 1 4 * *0 109*
R egistered................ 1921
112 1 1 1 * 111*
R egistered................... 1987 O -J t 111
General gold 4s............ 1988
100
90
10 07 103*
97
Leh A W B C co n as 7s. 1900 <J-M|
90
Registered................. 1988
J’ly’98
91
00
93
5 s ...................................1912 M -N ! ...........
Des M A Ft I) 1st 4s.. 1905
Am D ock A Im p Co 5a. 1921 .1 - .1 *118
Sep.’98
114
110 110
1st 2 * s .......................1905
N J South lut guar 0s. 1899 J - J .........
Extension 4s............1905
Central Pacific—
Keok A Des M 1st 5s.. 1923
Speyer A Co c tfs dp A . 1 8 9 * ,........ * 1 0 2 *
103 Feb.’98
108 103
Small...................................
Speyer A Co c tfs BCD. 1899 ........ * 1 0 2 *
103 108 Chic A St L. See A t T A 8 F.
103 Feb.'98
104
Speyer A C o c tts dep E .lw oo
Chic St L A N O. See 111 Cent.
*102* .
Bpeyer A Co ct t F G H I. 1 9 0 1
Chic St L A Pitts. See Pa Co.
San Joaquin B r g 0 s ...l9 O O A - O
ici
ib'i 105 Chic 8t P M AO con 0 s .. 1930
G uaranteed g 5 s . .........1939 A - O
Ch St P A Min 1st 6s .1918
8 p e y e r A C o eng c t s .....................I .....................
Nor Wlsoonsm 1st 0s.. 1930
i’o o* i'0'2
Land graut gold 5 s ___ 19001 A - O .................... 102 Mar’08
8t P A S City l s t g 08.1919
C A O Dlv e x t g 5 s . . . l 9 l H j - J
.................. 101 Jan.’OH
101 101
Chic Ter Transfer g 4s ..1947
W estern Paotfic g 0s. .1899 J - J
.................. 108*
103* in 101 104
Ch A West I 1st s f g 0s. 1919
No o f Cal 1st gu g 0 s . . 19 0 7 1J - J ................
Genera! gold 0s. ..........1932
Guaranteed gold 5s 1938 A - O 1 0 1 * Sale 101
34 100 103* Chto A West Mich Ry 5s. 1921
101*
40 Feb.’BH
OentW asb ls tg 6 s tre tfs lH 3 * < .. .. ....................
40
40
Coupons off................... 1921
Charles A 8av 1st g 7s. .1930 .1 - .! ....................
hn H A D con s f 7 s .... 1905
3: 118 i2 0 *
Ohes A O —g. 0aser. A ...1 9 0 8 A -O t
.118
' 1*1*8*' 118
2d gold 4 * s ...................1937
G old 0 s ........................... 1911 A-O V i 1 8 * . . . .
U S * U S * t 1 115* 121*
C'.r. D A I 1st gu g 5 e .. 1941
1st cons g 5 s ..................1989 M - N !M 15
110
111 117
115
110
I 8t L A C. See C C C A St L.
Registered
___ . . . 1989| >I-NI
. . . 111 4 Feb. ’98
MS 114* "0" « A C. S e e C C r * st L.

OUTSIDE S EC U R ITIE S (G iv e n

P r ic e
F r id a y ,
O ct. 7.

7-3

lo e * .

■108*..
tos* ..
136 ..
118
■184
T38
180
130
104* Sale
04
70

130
135

Sale
......

‘130
89* Sale
■105*......

H I*

.

1 0 7 * M ay’98

100

107*

117 Jail.’98
109 Mar’98
105 Apr.'98
136
130
105* Feb *97
118
118
134 Mar’98
138 May’98
112 Apr.’00
130* Sep.’98
130 Aug’98
107 J’ly *98

117
100
105
132*

117
109
105
137

I 13*
1.33
133
112
127*
128
104*

118
134
135
118
132
131*
108

04* 104*
104 Sep.’98
94 Sep.’98
70 Feb.’98
83 Mar’07
108* Aug’98
100 Apr *97

102*
1U3*
85
0 9*

105*
105*
95
7 0*

103

109

135
L35*

126* 188
128 130

130
130

3 2 * Sep.’98
8 9*
90
100 J’ne’97
120* Aug'98
119 Oct.*97
103* Oct.’97
H I * 111*

126 132*
79* 9 0*
117* 182*

1 0 7 * 111*

1 Bonds due June. T Bonds due Jan. $ Bonds due May.

consecctive pages ).—

GAS SECURITIES, &o.

Bid. Ask
G iin H e c iir in * * Brooklyn Union (Con.) —
1st con 5s—N Y Stock Exch.
$102 108)4 Williamsburg Gas—1st 0s § 1 0 1 * 108)4
OTHER CITIES.
N Y A East River Gas—
Baltimore Consolidat—Se e Balt. List.
Consol 5s 1945...... J&.J 107* 108* Bay State Gas—N Y Stock Exch.
Nor Un—
Incomes.......................
on
Boston UnitedGas Bonds- -Bosto nLtsi
1st 5s 1927............ M*N
95
19
21
Standard Gas—Common. 129 131* Buffalo City Gas—Stock.
let 5s 1947...........AAO § 93* 95
Burlington (IalGa*—8tok
.08)4
1st 5s 1930 ........ MAN $110 113
110
Charleston (S C) Gas.. .25 t ...... 18
BROOKLYN.
JAnd Interest. fP r io e oer sh me
915
Brnnklvn IT Chs—N Y St ock K
C»n« hecuritleM.
N. Amsterdam Gas, Com.
Pref...............................

Bid. Ask.
20* 23

THE

2\
BONDS.
W

s j &k

E

j c d u <o

O

c t

F noe
F r id a y ,
OeJ. 7 .

t 5
«■ 12
K>

. '

Ih d .

C H R O N IC L E .—BOND PlilCES (5 pages) P ag e a.
L a s t S a le.

A ik . L ow

1 1m

.

jnartt^m VmiVy Gb# ...,
Jhlcaco Conanmera Ut 5s

89
95
BUM io ix

13

70
80
14
22
102 lOBRj
L81J4 137
18754 12754
100

10(Jto

181

121

18 ! 50
65

73

V; ................
11 70J* 82J*
••••j 54
61

122 128
12544 120
1 3 7 M 144

107
107
130

69. .

Gas A Cf*ke.
dty Oa* (Norfolk V i).,

107
11344
14244

180% 13826
i108
143

108
140

12044 12544
110
117
147
141

11844
117
147
145

108

111%

MX

8546 96
97
104

102
11046

92% 92%
191

112

11246

110

11046110%
108
113
118
118
104% 105
138
147%
140
143
183% 189
133
133

106
1 108

100
U8%

!!!! 10*7" j o ? "

4! 84H

94*

57! 00

70

«8
:::: « * «
31 ny
6 10 0 %

108*
02%
08
11m

»8% ioiii
. ... 11 <3 i«i
10 112
70 83
10

77«

1 Btd. Ask.

to*"

ck Ki CO.

at

foot

Uns Sscnrlllni
(’nn. Ga*« Pitts. Pmf,...

101

100

B id .

L a s t S a le.

A s k s L ow .

Low. High

S ig h .

110
85
83

A Peru M g da.... 1920;A- O ♦110 ..........ill? Aug’98
F lint
1st oonsol gold 5a— 1939IU-N 9 4 ........... 9 5 A u g ’ 9 8

Pt Huron IRr Ut g 6 s. 1939 A -O • 92% 90
17a Cen A Pen iatg 6 s.. 1918 J - J
1st land gr ext gold 5s. 1930 J - J 9ft
Consol gold 5a............ 1943 jj - J
95
Ft 8 A V B Bge. Set St BASF.
Fort St D I) Co 1st g 4%ai04 1 J - J 107 .
Ft W A 1) C—Ut g 4-8*. 1031 J - I> 71% .
Ft W & Klo Gr Ut g 3-4». 1 0 2 HIJ - J
Fulton Kiev. See Kings Co Ki.i
/^raJ Har A 8 A. See 8 P Co,I
94
96
VJjil UAH of *88 1st 5».t913 A - 0
Ga AAlaRy 1st pf g 5s. 1046! A- O 104 104%
Gft Car A No 1st gu g 5s,1920 .J- J
Georgia Pacific. See 80 Ry.
Grand Rap A lnd. See P» Oo.
A St J. GMCBAQ
H an
onutttonlQ. See NYNHAH.
Hoost K A W T 1st g 5 b. 1033 H-N
Hous A Tex Cen. See So P Co.
I iHnols Cent lstg 4s... 1961 J - J 110% .
*■ Registered.... . . . . . . 1951 J - J 110% .
1st gold 3%a...........1 9 5 1 J - J
R e g i s t e r e d . 1051 J - J
1 st gold 8a sterling.... 1961 >1-8
Registered................ 1951 >1-8
Coll Trust gold 4s...... 1952 A - 0
Registered...... .........1952 A - 0
LNU A Tex gold 4s.. 1053 M-N ........102%
Registered. . . . . . . . . . . 1959 M - N
Coll tr 2-10 gold 4 a .... 1004 J -J 1 0 6 % i o o »
Registered..............1904 J - J
Western Line 1st g 4a.l951 F- A
Registered ...............1951 F -A
93% ........
Louisville Dir g 3%a .1953 J -J
Registered...............1953 J - J
St Louis Dlv g 3 s...... 1951 J - J 78% Sale”
Registered...... .....1951 J -J
Gold 3%a..................1951 J -J '.!!!!! *98%
Registered ........1 9 5 1 J -J
Cairo Bridge gold 4s.. 1950 J -D
Registered ............... 1950 J -D
Middle Dlv reg 5s...... 1921 F - A
Spring Div Utg3%s.l951 J - J
Registered ...............1951 J - J
Chic St L A N Og 5a.. 1951 J -D 128% .
Registered...... .....1951 J -D
Gold 3%s..................1951 J -D
Registered............1951 J -D
Mem. Dlv 1st g 4 s....1951 J - D 1 0 2 % .
Registered...... ,...1951 r-D
Bellev A Car 1st 0 s.... 1923 J -D •123
St L Son 1st gu g 4s... 1931 M - H ' 90
Carb & 8 1 st g 4s........1932 >1-8 • 89
lnd B1 A W. See. CC C A 8 t L.
Ind Dec A W latg 5 s....1935 J - J 101% Sale
lnd 111 A la 1st gold 4s. .1939 J -D
1st ext gold 5b.............1948 >1-8
Int A Gt No 1st gold 0s. 1919 M-N 122 124
2d gold 5 s ............ ....1909 M - S
85
3d gold 4a............
1921 M -8 • 55
60
Iowa Central 1st gold 5a, 1938 J -D 104% Sale
Iowa Midland. See Ch AN W.
Jefferson RR. See Erie.
al A A G R. See L S A M 8 .
K an
A Mich. See Tol A O C.
K C A MR&Ii 1st gu g os. 1920 A-O
K 0 PAG 1SfcA col g 5b. 1923 A -0
75 Sale
Kan C A Pac. See M K A T.
Kansas Mid. See St L A 8 F
Kentucky Cent, See L A N.
Keek A Des M. See C R 1 A P.
Kings Co El ser A 1st g 5s ’25 J -J
Fill J5) 1st gn g 5s ser A .'29 >1-8 * 46 ...
Knoxville A Ohio. See So Ry.
Erie A W 1st g 5a. 1937 J - J 117 117%
L ake
2d gold 5g................ 1941 I -J 101 104
North Ohio 1st gu 5s.. 1945 A-O ...... 103%
Lake Shore A Mich 8 outh—
Det Mon A Tol 1 st 7s.1900 F-A
Lake Shore dlvld 7s,.. 1899 A -0 ’ 101%102
Consol 1st 7 s .......... 1900 J -J ‘ 107 ......
Registered...........1900
•105%......
Consol 2d 7b. ............1903 i t s •117 ......
Registered............. 1908 J -D •117 ......
Gold 8 %s..................1997 J -D 100 ......
Registered............. 1997 J -D
CinASp 1st guL SAM 8 7s 01 A -0
KA AG K 1st gu c5b. 1938 J - J
Mahon Coai RR Ut 5a’34 J -J
Leh V«a (Pa) coll g 5s . 199" >I-N •1 0 1 % ........
Registered......... .....199' >1-N
Leh V N Y Istgu g 4%s. .1940 J -J
Registered..................1940 I - J
Lob V Ter Ry 1st gu g 5b194 1 A-O *io9% ’. ! ! ! ! ’.
Registered ............ ....1941 A-O
L V Coal Co 1at gu g 5s.. 1988 J - J
Registered.............. 1938 J - J
Lob A N Y Istgu g 4s...1945 M-H 90 ........
Registered............
1946 M-S
El C A N 1st g 1st pf0s.1914 A - 0„
Gold guar o s .......... .1914 ,4 -0
Leh A Wilkesb. See Cent NJ.
Leroy A Caney Val. S«Mo P.
l^jx Ar A P F. See Mot St Ry.
Litch Car A W 1st g 0s.. i 9 i 0 J - J
Little RAMom l»tg 5s 1937 )
Trout Co oertfs...... ........ J
38
Lorn. Dock. See, Erie.
Long island—
letcong 5s,........... .1981 Q-JI
1st con g 4s
1931;
General gold 4b.........19381. !j - d 85
00
90%.
Ferry 1st gold 4%«.... 1922 U - 8
Gold 4s....................... 1932 .1 - D
D e b e n t u r e g o l d 5 » . . t . . 1 9 3 4 fJ

08%

105

02%

117%
95
95%

Mar'98
75%
Sep.’OS

105 105
65
79%
54% 04

95
103
92

95
Aug’97
J’ly '98

88% 98

90

Sep.’ 98

74H
uuh

9 2 " ’ *98*

88

00

109% Aug'08
109% J’ly '98
105 Mar’9**
102% Apr.'0S

109%116
108% 109%
105 105
101 102%

104 Sep.’98
103 Apr.'98
102
102
101 Mar’98
100% 8ep.'9S

100 104
103 103
97% 102%
101 101
100% 100%

103% Aug*98

101

"98“

*93%

*92% ’ *94%

105

**78%

"78%

*78% "SO"

98**

'*9*8**

**92% *94%

123% Sep.’98
123 Sep.’flS

115% 128%
123 123

103% Jan,’9b

103%108%

"OO** Nov’*9
101% 101%
86 Jan.'Pb

97
86

121 Sep.'OS
87 Sep.’ OS
58% Aug’98
104% 104%

110
78
44
9T

74%

75%

50
40

52
40

104
88
123%
92
60
105

*05** * 8 i«

59
49

116% 116%
104 Sep.’OS
101 Aug’98

115
95
100

117%
104%
102

1Q4

104

121 Apr.’OS
104% Aug'98
107% 107%
106% Sep.’vS
117 Aug’98
115% J‘ne'98
100% 1(6%
10594 Aug’98
108% Dec'9''
125
104

Dee’97
Aug’98

102

Sep.'OS

09 " 104%

111 Aug’98
109% J’ly '97
92% Mar'98

107

‘ *91*’ Au*gV98

*9 1 " "9*8*

101

29

119%

98% wJI

8ep.’9';

29

Sep.’OS

29

119% J’ne’98
85% 00%
80S 90%

’ *9*6** S o p *’ 9 6
90%
90%

- p

N y A It B 1st g 5s,... .1927! W~ H
2d 1neonie..,....,...l927 Hep
N Y l( A M « eon a
103" lA-O

00

| W e e k 's
; R ange or

100

May*97

107% Deo'97

to 4%
38

op

7

c o n s e c u t iv e

pages) . — & A S S .E 6 U R IT C E 8 ,

Bid. Ask. II

Das Heon rifles.
0tJ
Indiana ftatA IB 0 **—«tfc
: oh%
Ut 0s I 008
MAN
IndianapohB Gas—Stock
70
81
Ut Os 1020 ......... MAN
102 104
Jersey City Gas Light.....
k List.
Y. Ex. 1.1st. ; Laclede Gas—N Y Stock
94 1 Lafayette (Ind) Gas—Stk

Oooflftffi Goa (J City)- stk
1st 0s............ .....MAN
Detroit Gas—
NT Stoc
Consol 5s 1918—See N.
85
Income 5s .. . . . . . ........
i 08
. 'i a m b u s 1 0 ) G a s — S t o c k
35% B71. Denver C^naolidaled G ^
For? Wayne ?Ind)—Sto k 71
9 10 0 % 103
Ui 0s 1925............. J.-c.I 80
Bolt L 1st,
Grand Rapids—Stock.....
19
30
ionsoild Gee (N J)- -Stck
18
lat 5* 1980
i 1st 5s 1915...........FAA|}100
7S«
f tn tu , .
1TT*r*ford rO*\ a ^ T , %nU 48
74

& oero G as C o 1st

7 3«
82
0141
100
93

"no' "8 *5
J

I * r ite
F r id a y ,
Oct. 7.

£■§

bid »-nd » k *j4 this week- t Bonds due August, i Bonds duo April. ||Bonds duo January. § Bonds duo July.

O UTSIDE S E C U R IT IE S (G iv e n
G a n H f e n rt

68
82
— J 88
bon
....
90

BONDS.

| N .Y . BTOCK KXCHAJNGi: AC
W eek E sbikq OCT. 7.
4£

H ig h - jA’o. L ow . I lig h l

Cxty A $ Hr Halt l e i g 5*. l9*3 J -D
Jt Mali. Nr* HUAI*
Cl At i C
A *d g a«..i93o.F- A
72
08 Sep'98
c. a Co# ut a*irto o ..1917 J - J
88 J’tlO’C**
C CCA gft L-G<uj g U .1993 J - D: U i%
QkifO IHf ill sola is . iv:i9 J - J 00 %
in H Scp.'98
99>1
8t L m* in o»i u g i*-1 V9u » - N 98
09% 99
9C Mar Oft
R**U'.enxL.... . . . . . 1990 M-N,
0pf A Oo* Hit l»tg 4* 19*0 M- H
W W V*J Ptr 1st g 4s -1040 J - J
" f i r " Aug*98
95
95
Clo W AUDIT l«t*4».190l J - J 95
Clfi 1 St L A C Utg ii.lWBO G-Kl •10I«
101H 10IM
..............I930iiQ-rtl .
Oo&sot 6#,«.**«*♦.... 193C) ra-Nf
Cio 3 A Cl Oan Ut g 5». 192S J - J
114 Oet/9?
lad 8i A W In pf 7»..l900J - J
107J4 Fob’97
O Itt4 A W I.it pf 5*... 1988 |G~J* ................
75*' ' 70v6
F#d* Bait Ittcuati.lOlO A -0 • 76% 78
19 8ep.'08
Income is...
1990 A p r '*...... 20
CHCC A lnd let e I 7s...t809 >1-N|*104% ***** 1 0 4 A n g '0 8
OkmoI
.............. 1014 J - 0*134 ..... 135J4 jn y ‘98
Oanwl sinking fd 7».., iw ii:J - D| ............. .
General consol sold 0*. 1034{J - J *12744 ..... 12714 May*08
Registered .......... ...1934 J - J . . . . . . . . . . .
CAS lit MCCCA 171.1901 ;A-Oi ................ v U i i OcrL ’ 9 7
03 Lot .%Wb eon 1st Si*. 1088 A-O 106 ..... 100
100J4
C3«t Jt Marietta. S«- Pa Hit.
|
OliT A Mahon Val g 5*.. 19881J - J ...... ..
! 121 Sep."08
J *121 ......
O t T A Pitt-*. S t* Penn Co.
Ool MIdl'd—letgS-3-4*. 1047!J - J 58 Sole 58
59
68
S e p .'O S
1st g 4s.......................1047! J - J 05 ......
Ool A 9th A t. See Met St Ry.
Oolum A Greenv. 8*4 So Ky.
OolHT ATol—Cong 5s. 1*31 M -e ................
75 OCL’97!
78
78
J P M i C o eng cfs 083 pd.......... I 78% 80
General gold Cs,.. . . . . . Iw04 J -D
60
66
01 Feb.*98
General lie* gold 4a... 1990,J - J .................
Registered..............1900 J - J .................
Ool A Cln Md. S#< B i O.
Col Conn A Term. 8** S AW
Oonn A Pas B ln 1st g 4a.*43 A -0 .......... .
A Gt So. SeeCMAStP.
D ak
alias A Waco. SfliM KAT.!
Del Lack A Western 7s~ 1907 M -»;♦ 122%...... 182 Apr.'98
8yr Bing A N Y 1st 7s.1000 A-O *122 ...... ISO J’ly'OS
Morris A Essex 1st 7a.l014 >I-N *141 ...... 140 Aug’98
7».............................. 1900J -J *105*4....... 107 Sep/98
7s............ 1871-1901
A -O 10fc% 109 108S4 I08t*
lstcongoar 7s......1915 J - DM41 143 139 J’ne‘98
Registered........... 1916: J -D : 138 ......
H T U c k i W 1st 0 s ..1921 J - J j*134)£...... 1 S 7 S e p . '9 8
Construction 5a......1928 IF- A ................. 1 1 8 4 4 N o t ’ 9 7
Warren 2d 7b................1900 A-O
108
A u g ’98
•el A Hod 1 st Pa Dlv 7a. 1917 M* H •142
140
S e p . ’ OS
Regis? %r*d.................1917 M- !8 14 4
148
M a r ’97
Alb A 8 i» 1st con go 7s 1900 A - O •120
125
A u g ’98
Registered.,.........1 9 0 0 A -O
Gold 8#..................... 1900 A - 0 •115
115 J’ne’98
Roistered............. 1900 A -0 114
117 Feb.*98
Bens A Sar 1st 7a.........1021 >I-N 147
147 Sep/98
Registered ..............1991LH-N 140
141 May’98
Del RIt RK Bge. S « Pa RR.
Dm Con Tr Co 1at g 6s.. 1033 A- O
Den Tram Co con g 6s. 1010 .J - J
Met By CO 1st gn g 6a.l«l l J - J
Dm a KOr 1st gold 7a.. 1900,1rt- N 1 1 0 5 4 ...... 11014 Sep.'98
1st con g 4a............1 9 3 6 J - J 9054 Sale
07?4
Improvement gold 5s, 1028 J -D
00 Sale 0544
00
Des M A Ft D. S et C tt A 1 P.
Sfts M A Minn. Set Cb A N W.
Dee M Dn Ry Ut g 5»... 1917 M- S •100
108
Del MATol. Sc* L 8 A M So.
Dei A Mack 1at lien g 4s. 1995 .J - D
00
07
Gold 4s........................1095 J -D
Dal A Iron iUngo let5s. 10371A- O 100 Sale 104^ 100
Registered............,...1087 A- O
2d lien mortgage 4s... 1916 .1 - J
Dal Red W A ft 1st g 5a. 1028!.) - J
9244 Feb.'08
Dal So Shore A At g 5i. 1*37 .1 - J 118 Sale 112
1124i
Past of Mint- 8 ft St PMAM.
IW
T Va A (is. Sm . So Ry.
Vila Lex A B S. See C A O.
•im Cort A No. See LehAN V
■ne 1st ext g 4a ............1947 JI-N! 1123k HO 113 J'ly’08
‘ extt gold
8s............. 1919 M- S 117 ...... 11944 Aug’98
2d
r
» d e x t g o l d 4 H « ........... 1 9 2 8 1 3 1 - 8 ’ 1 1 8 # .
112>i Sep '98
4th ext gold 5s...........1990 jA-O 115
117 J'no’98
5 t h e x t g o l d * s ............... 1 9 8 K J - D ' 1 0 4
10444 J’no’OS
1 s t c o n s o l g o l d 7 a ......... 1 B 8 0 M - H j 1 4 9 ) 4
142 Sep.'98
1st otmsol gold fd 7a.. 1980 M -s •........
140 May'08
Long Pock con gold 6s. 1935 A- O j*134
189 Sep.'OS
BntfN T A Kno Ut 7a. 1910 J -D M 3 5
183 J’ne’08
BnffA8 W gold 6 s .... 1908!J - J ........
Small ............................. J -J .........
I f f f R R U t g n g o ld 6a. 1 0 0 9 A -O ! M 0 i
106 Feb.’98
Chic A Erie 1st g 5a.., 1982 >1-N 1114* ■
, 11144 1H44
Ooal A KH 1st c gu 6s.1982 .U-N
Dock A Imp 1st curtta. 1913 .] - J
N T A Grata Lgngda. 1946;>I-N 106** " " " 107*' Sep/08
Small..................................;........
• -la 1st ood it 4i pr bda. 199rt J -J
92% ifaio 92
92%
R^fiaiered...... ...... 1990 J - J
lateon genhoug 4S....10U0 J - J
71% Sale 7 :
7iji
Registered .............. 1906 J - J
N Y 8 A w — U t ref 5*. 1987 J - J 100 108 107 Sep. *08
3d gold 4*4*..............1937 F- A
93% Aug’98
General g 5*.,......... 194fi! V- A
87 8» ib 83
87
Tarmltuil lsi a 5«__ 194?$ U -N
111
111
Regia$5,000 each. 1048 >I-N' 111 ........
W'iikA^AsUtgn g 5s 1042;.) - D|
99% Sep.‘98
Mid ItUnfNJ 1st g 6*1010 A-O' . . . . . . 181% 120% Aug’98
•Man A L Sup. See C A S W .
00 ...... . 65 Nov'97
•arakaSprings litg rt», 1939 F-A
ftr AT H tat can 6s..... 192 3 J - J ' 120 ........ 1«1
121
1st general gnH 5s, ...10 42 A-O
95% Bale 0 5
9(5%
Mt Vernots t st 0s. . . . . . 1929! A -0
90
Bail Co *r’ch i«tg6s..l«H0 A -0 ! HO . . ... .
•fAVodlst con g« v Os., 1080: J - Jj 90% 00
90
08%
Tnrttf A
r>» m A »*.!
1
1Nr, Pfirc FmUr. the.5e are

'

R ange
fro m
J a n . 1.

W e e k 's

j R an ge or

[V ol . JLXVD.

75
88
83

1 02

45

Bid. A .K . |
GftH H e c n r l t l e a .
52
60
Memphis G a s.......
71
75
M in n G a s 6 s 1 9 1 0 ... M A S
110
120
N e w O rle a n s G a e L i g h t . .
% ; Ohio A Indiana—Stock...
10««
190
l i t fis 1 9 2 0 .............. J A D
E xch .
P e o p le s G a s & C o k e — N Y
71
70
P h ila d e lp h ia C o . . . . . . . . 5 0
1 s t 0S 1 9 2 4 . . . . . . . M A N
8«
«»
Portland (Me) Gas L...50
50
1Loganspt A Wat> Yal—Stk 52
8 t J o s e p h ( M o ) . . . , , ...........
7a
|! 1st 6s 1925 ...........JAD 71
, 5fl 1 9 3 7 ........................ J A J

100

Jc
B id .

A sk

§102 104
!07% 110
52
50
71
S to ck
32%
85

75

Hxch
83
90
35
90
08
0
0
Louisville
Gas
Light.....
h
8 t P a u l G a s — S t o c k . . .........
45
50
04
II Madison (Wls) Gas—Btck 00
Consol 5s 1944 ....MAS $ 8 1 % 82%
II Ut fin i9.»,............A.Vo $ 98% 101 1
3Anri intent., tPrice por sn a r e .
t
t

THE CHKOJNIOLK—BOND

Oct. 8, 1898.]
BONDS
N .Y . 8 TOCK EXCHANGE | £
W eek E nding Oct. 7.

P r ic e
F rid a y ,
Oct. 7.
B id .

W eek’ s
R an ge or
L a s t S a le.

5Q
c$qC

A s k . L o w . H igh,. N o .

Long Island (Con.)
Bklyn A Mon 1st g 08.1911 ML- ©
1st 5s........................io n Jl- 8
. 103
NorShblstcoa ggu5s..’32 Q-O
N Y Bay Ex R 1st gu g 5s’43 J - J
Moutauk Ex gu g 5s. ..1945 J - J
La A Mo Hlv. See Chi A Alt.
LE A St L Can eng 5s. 1939. >
39*
Tr Co certs........................) ••••• 30
General gold 4s........... 1943 rl-S
Liu A Nash—Uecel Br 7*1907 M - 8 102* .
N O A M 1st g 0s........1930 J - J *120 .
3d gold 0 s................. 1930 J - J *106 .
BH A Nash lstg 0s... 1919 J -D 114
120
General gold 0s.......... 1930
-D
Pensacola dtv gold 0 8 . 19 2 0 Jl-S 100 ’
8t L dlv 1 st k 08......... lB S lM -S •120
id gold 3s................ 108 0 M -S ‘ 58
Nash£ Deo 1st 7s......1900[J-J
glntfd(S4A)g 6s....1910 A -0
S&NAcongug 5 s.... 1930; F-A
Sold 5s....................... 1937 M-.N 103*
Unified g 4s.................1940|J - J
89* 90
Kegistered...............1940;J - J
Pens & Atl 1st gn g is.19311f - A 100
Coll trust g 5s............ 1 9 3 1 ;61-> 103
. 108*
LANA MAMlstg 4!^s. 1 9 4 5 |M- 8
NFlaAS lstgugos . . 1 9 3 ?;F -A •’ w * .
Kentucky Cent g 4g...l987;J - J • 90 .
LClnALexg 4 * s ....1931 jM-N ♦110 .
L 4 Jeff Bge Co gug43.1945 ->I- 8
L N A A C. See C 1 * L.
, .
Louis Ry Co 1st con g 5s. 1930 J - J *108 ........
ahon Coal. SwLS&MS. . ^
M anhattan
Ry con 4s. 1990 A - O 9 * Sale
Metropol El 1 st g 0s... 1908 J - J *11? ......
2d0s........................ 1899 M-N * 1 0 8 *......
Man 8 W Colon!* g 5a... 1934 J - D
Market StC Ry lstg 08.1913 J - J
MeK’pt&BV. SwPMcKAY.
Metropolitan El. SesMan Ry. „
Met St Ry gen c tr g 5s.. 1997 F - A 114 Sale
Bway&7thAvlsto g 5s. 1943 J - D 1 2 0 * ......
Registered..............1943;J-i> .................
Col49thAv Istgug5 s.l 993 M- S* *120*
Registered..............1993 M- 8
Lex Av 4 P P lstgug 5s.’93 M- S *120
Registered......................M- sj
Mex Cent con gold 4s...l911;J -J
1st con Income g 3S...19391J’lyt
2 d con Income e 3s.... 1939 J’lyt
Equip 4 coll g 5 * .,,,»,1917 A -U
Mex Internet 1st con g 4s.’7? M- 8 7 8* Sale
Mex Nat 1st gold da......1927 J -D , ....
| 3d Inc 0s A Cp stmpd. 1917 M-St, ....
3d Income gold 0s B.. 1917 An.* ....
Mex North 1 st gold 08.. 1910 J - D *100
Registered............ ...1 9 1 0 J -D ..................
Mich Cent—1st con 7a.. 1902 >I-N *111* 115*
1st con 5s.................... 1902 M-N
. -----100*
01..................................1909 M- 8
5».................................. 1931
81
Registered.............. 1931 Q-M 125* .
4s................................ 1940 J -J
Registered..............1940 .1 - J
Bat C 4 Stur 1st gu g 8s ’89 J - D
Mid of N J. See N Y Sus 4 W
Mil El Ry 4 L30-yrg Ss.1920 F- A
M L 8 4 W. See Chic & N W
Mil 4 Mad. S u Chic 4 N W
Mil 4 North. See Ch M 4 St P
Mil 4 St P. See Ch M 4 St P
Min 4 St L gu. See BCR&N
Minn 4 St L—lstg 7s ..1927 J-D| 14C 140
1st cons gold 5s......... 1934 M- Nl 107
Iowa ex 1st gold 7g... 1909 J - D
8outhWestex 1st g 7s.’ 10 J - D| ................
Pacific ex 1st gold 0s .1921 A -O * ........123
M 4 P 1st 5a st 4s lntgu..’30 J -J ................
M8SM4A 1st g 4s lntgu.’26 J - J , ................
M8tP489Mcong4slntgu’88 J - J ! ................
Minn St Ry 1st con g 5b. 1919 J - J ................
Minn Un. See St P M 4 M.
Mo Kan 4 Tex—lstg 4s. 1990 J - D 89 Sale
3d gold 4s................... 1990 P-AI 0 2* Sale
1st exten gold 5s........1944 M-N
84*
M K 4 T or T lstgug5s.*42 M- 8 *
K C 4 Pac 1st g 4s....1990!F- A 71 Sale
84
Dal 4 Wa 1st gu g 5s. 1940 M- N
Boonev BdgCogu g 7s. .’06 M-N
Tebo 4 Neosho 1st 7s. 1903 J - D
Mo K 4 K 1st gu g 5s...1942 A -0
Mo Pao—1st con g 0s. ..1920 M- N 104* Sale
id 7s........................... 1906 M-N 1 1 1
........
Trust g 5s................... 1917 M-St
Registered.............. 1917 M-St
lstooll gold 5s............1920 F- A 70 Sale
Registered...............1920 F- A
Pao R of Mo 1st ex g 4s.’38 F- A *
2d extended gold 6s. 1988 J - J 1 0 6 * ........
Verd V 1 4 W lstg 5s..’20 31-8 *........ 75
Leroy AC V a L lstg 5 s ’ 2 o j - J *........ 65
BtLAlMt 1stextg4*s.’4? F-Ai 107 Sale
2d ext g 6 s.............. 1947 M-N 1 0 7 * ........
Ark Branch ext g 5s. 1985 J -D *►105 106*
Gen con ry Aldgrtg 5s’31 A - 0
97 Sale
G«nconstampgtdg5s’3l A -0
MlBsRIvBdge. SesChicAAlt
MobABirm prior lien g 5s.’45 J - J
Small............................... J - J
Income gold 4s...........1945 J - J
Small............................... .........
Mob 4 Ohio new gold 0s. .’2? J- D 1 2 2 * Bale
1st extension gold 0s. 192? Q-Jt 1 2 1 ......
General gold 4s..........193»{M- 8 ; 78 Sale
Montgom Dlv lstg 5s. 1947’F- A 1 0 0 * 1 0 1
St L A Cairo gu g Is .. 1931 J - J
Mohawk 4 Mai. S ee N Y C 4 U
Monongahela Rlv. See B 4 O
Mont Cent. See St P M 4 M.l
I

R ange
from .
J a n . 1.

BONDS.
N.T. STOCK EXCHANGE N't
W eek E nding Oct. 7.

L o w . H ig h .

39* Sep.’98
9 * Aug’97
100 Nov’97
122* Aug’98
108 Sep.’9S
115 Aug’98
118* 118*
103* Sep.’97
121 J’ly ’9~

120* 124*
1 0 0 108
113 117
116* 1 2 0 *

105

105

J’ly ’98

105

100* Aug’98
103* 103*
89*
90*

94 101
100*104*
83
91*

10 7 Sep.’98
104 Sep.’98
109* J’ly’98
97 Sep.’98
9C
90
103 Jan.’98

96* 109
101*108*
108 109*
87* 98
85
92
103 103

109

103

Mar’9

92
117*
104

93
117*

U !«

121

109

90
98*
114*119*
101 105

101

23 1 108*110*
5 114* 122*

114

121* Sep.’98

110

123*

120* Sep.’98

117

123*

03

00*

03
77*
18
97

Apr.’98

70* 78*

7 3*
J’ly ’97
Feb ’97

112 Sep.’98
105* Sep.’98
122 Feb.’98
121* J’ne’98
125* Jan.’9S
100 Feb.’98
108 Jan.*98

110 115*
102*107
1 2 2 123
121 127
125*125*
100

108

100

108

143
108
125

J’ly’97' ..
5 100*108*
108
125 I l| 125 125 j
..................
121* Aug’97 .

83
62
88
88

71
82

89 1319

•?«&! !.3.:
Aug'
3ep.’fiC|
71
Sep.’98

II*

92*
67*

71
75

89
70
84*

88

50 93 107*
104* 105
103*112
111* Sep.’98
05* 87*
80
80 " 2
73

‘ "3

70

103* Aug’98
100 Sep.’98

00

80

10 0

100

105* 109

107
107
1 107 110*
102*107*
107* J’ly’98
100*
106* "*5 1 0 2 108
90
V?
87 80 1 0 0 *
100 Aug’98
80 100

122*

122*

PRICES (5 pages)

5 118* 128

119 Dec ’97
77*
78 **1*8 *70** ’ *81*"
101
101
9 97* 102*

Page

P ric e
F r id a y ,
Oct. 7.
B id .

725

3.
W eefc’e
Range or
L a s t S a le .

A sk. L ow .

Vlontauk Ext. See Long Is.
Morgan's La &T. See 8 P Co.
Morris 4 Essex. See Del LAW
Chat4 St L 1st 7s.’18 J - J 131 Sale
N ash
2d 0s......................1901 J - J
1st con gold 5s............1928 A - 0 1 0 1 * .......
1st 0s T & Pb............. 1917 J - J ♦114 ........
1st 0s McM M W A A1.1917 J - J -115* ..... .
1st gold 6 s Jasper Bch.1923 J - J ‘ 114 ........
Nash Flor 4 Shef. See L 4 N
New H 4 D. See N Y N H 4H
N J Junc RR. See N Y Cent.
N J Southern. See Cent N J.
NewACinBdge. See Penn Co
NO A NE prior lien g 08.1915
N Y B 4 Man Bch. See L I.
N Y Bay Exten RR. See L I.
N Y Cent A Hud R—
1st 7s........................... 1903 J - J 117 .
Registered...............1908 J -J 117 .
Debenture 5sof. 1884-1904 M -S 110 .
Registered ....1884-1904 M- S 110 .
Reg deb 5s o f.. .1889-1904 M -S lio .
Debenture g 4s. .1890-1905 J -D 106 .
Registered...... 1890-1905 J -D 100 .
Debt certs ext g 4s... .1905 M-N 100 .
Registered................ 1905 M-N 100 .
6 3 *s...........................199? J - J 1 0 7 * ,
Registered...... ......... 1997 J - J
94 * Sale
Lake Shore col g 3*s. 1998 F - A
94 Sale
Registered...............1998 F - A
9 3 * Sale
Mich Cent coll g 3 * s .. 1998 F - A
Registered ............... 1998 F - A
Harlem 1st 7s............. 1900 31-N 108
Registered................1900 31-N 108
N J June Rgu 1st 48.1980 F - A ♦100
Registered............... 1980 F - A
West Shore 1st 4s gu.2301 J -J 109* 109*
Registered............... 2801 J - J 109 109*
Beech Crk 1st gu g 4s. 1936 J -J
Registered............... 1930 J - J
2d gu gold 58............1930 J - J
Registered................ 1930 J - J
Clearfield Bitum Coal Corp
lstsf intgug 4sYjer A .’40 J - J
Small bonds series B. .’40 J -J
Gouv A Oswe 1st gu g 5s.’42 J -D
R W AOgcon lstext5s.’22 A -O * 1 23 *.
Nor 4 Mont 1st gu g 5s.’ 16 A - 0
R W A O T R lstgu g 5s. 18 31-N
Oswe A R2d gug5s..l915 F -A i U 4 * ........
Utica 4 Blk Riv gu g 4s.’ 22 J - J ♦107 ........
Moh 4 Mai 1st gu g 4s. 1991 M -S
Cart 4 Ad 1st mi g 4s. 1981 J -D
N Y APutl8tcfmgug4s.’93 A - O
N Y 4 North lstg 5s.. 1927 A - O ........125
N Y Chic 4 St L 1st g 4s. 1937 A - O 104* Sale
Registered...................1937 A - O
N Y 4 Greenw Lake. See Erie
N Y A Har. See N Y C 4 Hud.
N Y Lack 4 W. See D L A W
N Y L E 4 W . See Erie.
N Y A Mau Bch. See Long Is.
N Y 4 N E . See N Y N U A H
N Y N H 4 Hart lstreg 4s.’03 J -D
Convert deb certs $1,000 .. A - 0 158
Small certfs $100...........
Ilousatonic R con g 5s. 1937 M-N
N H 4 Derby con5s... 1918 31-N
NY AN K 1st 7s........1905 J - J 120* .
1st 0s........................1905 J -J *114* .
N Y 4 North. See N Y O A H.
N Y O A W con 1st g 5a. 1939 J -D 1 0 7 * ......
Refunding lstg 4s.... 1992 M-81 102* Saie
Regis $5,000 only... 1992 M-8 I
N Y 4 Put. See N Y C A H.
N Y 4 R B. See Long 1*1.
N Y S A W. See Erie.
N Y Tex A M. See So Pac Co.
North Illinois. SesChl A NW.
North Ohio. See L Erie A W.
Northern Pacific—
Gen 1st RRALGsf g0s.’21 J -J 1 1 0 * ......
Registered................ 1921 J - J n m ......
St P A N*P gen g 0s...1923 F -A 180 ......
Registered ctfs........1923
Prior Hen r A 1g g 4s.. 1997
J 100* Sale
Registered................ 1997
General lien g 3s........204? <J-Ft 6 7 * 07*
Registered...............2047
...... 07*
Nor Pac Ter Co 1st g 6 s. 1933 f n 115 ...
Nor Ry Cai. See Cent Pac.
Nor Wls. See C 8 t P M 4 O.
Nor A South 1st g 5s.... 1941 31-N 102
Nor 4 West gen g 0s__ 1981 31-N 123 .......
New River lstg 0 s.... 1932 A -0 •124 128
ImprvmtAext g 0 s... 1934 F-A •117* 120
CC AT lstgu g 5s....1922 J -J ‘ 105 ......
Sclo VAN E 1st gug4s. 1989 M-N
9 3 * ......
N A W Ry lstcong 4s. 1990 A-O
S3* Sale
Registered...............1990 A- O
Small........................1990 A -O
Nor A Mont. See N. Y.Cent.
4 L Ch 1st con 0s..1920 A -O
O g Income................1920
A -0
Income small......... ........ A - 0
O lnd 4 W. S ee OCCAStL.
Ohio 4 Miss. See BAO SW.
Ohio River RR 1st g 5s.. 1930 J
♦100
General gold 5s............1937 A
Ohio Southern lstg 0s.. 1921 J
90
General gold 4s........... 1921 31-N * 2
Eng Tr Co certfs............
2
Om 4 St L lstg 4s........1901 J - J
Ore 4 Cal. See 8o Pao Co.
Ore Ry 4 Nav 1st s f g 0s. 1909 J - J 115 ........
Ore RR4 Nav con g 4s.. 1946 J -D ' 9 9 * ......
Ore Short Line 1st g 0 8. 19 22 F -A '128* Sale
Utah 4 Nor 1st 7s....... 1908 J - J
Gold 5 b
......... 1920 j
i

.....

H ig h ,

R ange
'r o m

Aa n .

1.

L o w .H ig h *

131
131
105* Nov’9

128

117* 117*
115* Aug’9«
108* Sep.’98
110* J’ly ’98
109* Sep.’9?
105 Ang’98
104* Feb.*9W
104* Sep.’98
104* J’ne’98
107* 107*
104* J’ly’9
94*
94*
94
94
93
93*

1 1 3 *1 1 9 *
118* 119

107 Sep.’98
107* Ang’98
108 May’97

107 109*
107 *1 09 *

109* 109*
108* 109
108* Nov’97
100 J’ne’98

102 * 110 *
101* 110

100 *

95

102 *

J’ly’98

131*

10*6" 105**

100

106

112

HIM

1*0*2" l b s "
1 0 4 *1 04 *
100* 105*
104 105
105* 107*
104* 104*
94
96*
94
95
91* 95

100

100

95

95

125** Sep.V98

119* 125*

107

Aug’98

107

107

123
123
104* 105
104 Apr.’98

123
100
104

120
107*
104

104*
101
155
120*

Oet.’9
Sep.'98
Sep.’98
Aug’98

145 101
145 158*
120* 120*

120* Sep.’98
114 Aug’98

119 120*
13* 114

107

106
90

102

107*
102*

112
110 *
110 *
112
116* H 0 *
124
130 Aug’98
124*
180 Sep.’98
100* Io0* 401 90*
93
1 0 "* Sep.’98
0 6*
67* 235 57

109
102*

list*
119
130
130
1 0l«
to i«
09

112

8ep.’98

104

il4

102

J’ n e ’ 98

102
120
118
117

106
1 *6 *
124
n s*

123
124
117*
101
92
83

102

84
9
8*
80

Sep.'98
Sep.’98
Aug’98
Feb'IT
94
83*

82
7 4*

J a n .’ 98

102

Sep.’98
Sep.’98
Sep.’98
Sep.’98

80

114
114
9 9*
99*
120*
128*
121 J’ne’9«
102 May’97

8

8*
75
111

89
118
121

94
87*

102

85y
15
143
82
116
100*
1 *8*
121

* No price Friday; these are latest bid aad asked this week, t Bonds due Jan. t Bjuds due July. ||Bonds due June. $ Bonds due May. 1 Bonds due Not.

OUTSIDE S E C U R IT IE S
nan HfcurltlcH.
Syracuse Gas—Stock......
1st. 5b 1946.............J&.I

■ mptre A Bay ritate Tel.

iv e n

at

foot

Bid. Ask.
T ele*.
Trleph.
1 6 *1 Erie Teieg A Telephone..
15
87H

Telfsr.
TelrphAmerican Dint. Tele—NY
American Tel A Cab—NY
Central A 8onth Amer....
Chea k Poto Teleph—Stk
Bond 5b........................

(G

of

7

Bid. Ask.
72
71
40
45

110

90
80
HudBon River Telephone 75
112
Stock Kxch Internation Ocean.......... 1 1 0
Stock Exchl Mexican Telegraph......... 195 206
Mexican Telephone....10 58c. 03 c.
109 I ll
50
on Hal
113
108* ........ North western Telegraph. 1 1 0
170
150 151*
115
5b i 920.................MAN
73
78
74
70
Pacific A Atlantic.........

c o n s e c u t iv e

p a g e s ).—

TEL.

Teieg. ife Telepli.
Bid. Ask.
Southern A Atlantic........
85
90
West’ll Union Teieg—N Y Stook
Electric Compnnlen.
Allegheny Co Light Co... 130

&

ELECTRIC, dkc.

Electric Oainpantea- Bid. Ask.
East End Electric Light...
i
Electro-Pneumatic..........
i*
4c
8 c.
Fort Wayne Elec. Co ..25
Series A........................
General Electric Co—N Y Stock Hxok

140
50
Hartford (Ct) Elec Lt Co. 1 2 0 * 125
Br’dgprt (Ct) El Lt Co.25 t 82
87
nartf’d(Ot) Lt&PowCo25 t
20
Consol Electric Storage..
18
11
15
Eddy Electric Mfg Co..25
41
Do preferred...............
43
Edison El 111 Co NY—N Y Stock Kxch
Edison El 111Co Brk—N Y Stock Hxch Nerragan. (Prov)ElCo.50 1x84
New Uav (Ct) Elec Lt Co 170 180
14
Edison Ore Milling Co...
11
t Pr»~* •flr uh,.n.
Edison Storage On.........
93
so

FHE (
BONOS
t l
H-f.lTFOOK KX€!RAKt K V Z

P r ic e
I V G s fi
O ct f .

H H O N I C L E .— BO N D
,9 4
Ua hj/ g o f
L u j ? Sa U

tiftMBK Evm *a ocr* 7
&ui

At*i\

a ,5
al

R a n g e,
fr o m
J a n , 1.

Big* No

P R I C E S (5 p a g e s ) P a g e 4.

BONDS.

B r io * ’
F r id a y ,
OcL 7.

: 5|

N.Y.STOCK EXUHASUK S t
W eek E sm sn Oct. 7.

IU q H

04 108)* Sar FA W Ivtouo ytOa.1984 A-O
1*104%* tot SOW l* * H u
Off iMt t»~« t •* «wo « 5**.-^1P4#$J
81U I lstjrda-.
.1084 A-O'
Ji 48
TIH
gOSTSSSm too A &* ....0 4 4
ji
5>H I.Scioto Y*X A N E. Set Nor A \V
10
30
A-a*-<"a (ik B A m J !J,
tw ,l rj 64 Saitf
Soab A 1U»» let 5s.. . . . . . 1090;J - J
Otetirv M H istpL S*< N V Oj
Son A U Hdjrn. St* BltJyn El.
O C r A 4K I*.
<:'•A 9* W
t'34'4 |0«HI * tosl 100)4 |Boat Bay A So U t x 5s.. .1024 .1 - A
t W*« J •ti
P n*m*<”€*t*'H»»! O*—|«t&#m>5*.
SO Owl- A a * 1st n 5s.. ..1910 M S
Mm IW
. . ... . S<>uU»orti l*»ciao Co—
«v*. .,.1017 A-O
......
G&l tUr AS A 1st g Os.1010 F -A
resoldr # e* . , M,tVlo M- N
2d*i 7s....................1905 J - f>
I ptowia (V—
Mox A Pao dlv l st k 5s.’3 1 ,11-N
! 108 U4«*
114
Fewa <3nt a let f 4-H^, 1991; J - J
114
1 1 0 no
Rous AT 0 1st W A N 7*.’08 J - J
UO 4’ly‘oM
IMM^t«r44 ...........* J
nttfSs lat g tA ........1987 J - J
GW » 4 » f Itrajft Mij.IMT U- *4
Con k Os lut *rtd...... 1912 A- O
P O r i « L eon ft* i{ 4W*-t
Go u k 4s int«td...... 1931;A-O
. 109)4 113
gtt%m X , . . , , , ............1*»I0; A O * i « S
019 £
Moreno's La AT 1st jf Os.'20 J - J
, 108 118H
fern* « tf-*or.........tv**, A
Uo*l
IIBH ^ >/9S
l « 7s........................ 1918 A
4Wnw» C«***......... 1040 M- N l i t
—
♦ItolJl 104)4 N T T AMoxflruIstiMs.'ia A - 0
sVer’ve* i> 1# jsmi.. -,.. iv>4i vi- N HUH ...... \Qi\4 f
Ore JfeCnl lst»rtd g 5s. 1027 J -J
,I 0 » j'aoMi'
f$ Iltd « A St 1. l«t 7*. 19d0; V- A
. 108H 108
8 A A A Pass 1st *tu g 4s.’43 J - J
.Itod r . A ....,* . . . . . . IO0U Apr‘07
Tex A N 0 1st 7s........1905 F- A
‘
...,,..1 4 0
M »y‘ 0S ,...,1 4 0 n o *
nu4 n w a c tuTa.itmo
- j‘
140
Snblne dlv 1st g 6s. .1012 M- S
.
1140 A ac*e^ . . . 1 4 0
44 7*______ ..,.,,..,1 8 1 * 4 - J
Con g 5s...................1948 J - J
54 7*......................... 101S ’A-O*
SoPof Argu latg 0s.’09-10 J -J1
♦ Hill!}iV«ii Apr*07
Qt*i L A P U*. o>n g &«. 1954] a - O
S £> Ot Cm 1st g Os.*05-12 A
. -O
R«*r3*!*fed----- .. . .1 8 3 3 4 -0
1st con guar g 5s.. 1937 M-N
107 109
* .! !! !! lb? xiaV'Vs
W < a Put* con • r~« i 900 M- N
A A N W Ut«ug5*.194llj - .1
U«b <b ,( 4?4**er'»\.!V4i J - J
8 P Const 1st gu g 4s.. 1037;J - .1
g«r*ft* a............. ,0044 A-O
8 Pncof N Mox 1nt g «a. ’ 11! ,1 - .1
Of 1 U ! « U ! gegiSw-llMi J - J
South Rjr—latcon g 6a. .1994 .1 - J
104 Nor*97
AlWfa Val £«n gu g 4*. 1942 H >■
Registered. . . . ......... 1994 J - J
.» A C Edgegen gag 4%** '4!f J - J
Mem Dir 1at u 4*4)4-5sl00O .1 - J
108 M*y’97
Pecs. a a t•* rmi c* w*#.1 0 * 8 vi - s
Registered...............1990 J - J
tbo eteriing 5 4*— .. 1W05 J - J
E Ten reor Hen g 4-5a. 1988 i>l-S
Con currency *• rag., ,1005.0->11
Registered...............1038 M - 8
Otm t 6*..................... 101*1 at- >f
Ala Cen U 1st g 0a.... 1918 J -J
iW;»!«r»d-. ...... 1*10)0 -J8
Atl A Ch Air Line Inc 1900 A -O
Cc«*i *» ............
104il' »I - Nj -.»•*» ............................
Col A Greeny 1st 5-05.1910 J -J
C U M*r it? r« 0 4u«-1 - >|•;.'
ET VaA G alst 7a.... 1900 J - J
ONi HR A ©5© gw 4*. 1044f It - S *U 4>4........UOKFeb.'MS
Divisional g 5s.........1030 J - J
Dli
•
Con 1st g 5s............ I960 M-N
fcisMooUO At.
U Sail
Gn Pac Ry lstg 0s----1982 1 - J
95 101«
Peo Dee4 8 liU 4 « lr tec.’20 J -J 1601* Wlo 100^4 1004(
9544 g«Ue
95)^ 00
8Sr**i* Dty l at tf tr rw, ’ So M
Knox A Ohio 1st g Os . 1985; j - J
td f l i u w l i t jhL. 10*AiSI
Rich A Dan con g 6s. . 1915. J - J
15
18)4
18)4 J’no'vn,
& » C C C 4 8i l*r
Equip sink fund g 5s.l9O0jM- S
Ptso A F«k V u lstg « s ...ltm
iti
ISO May’98
Deb 5s stamped.... .19371A - 6
130 120
Sd( *V*t-. . . . . . . .V gb., 1921
85
00 .Sep.'ftS
Virginia Mid gen 5s...1980 U-N
65H 90
) - i>
137 Nov’97
Gtd stamped......... 1980 VI-X
nil*Clo 4 8 t L, St* Penn Co.
\V O A \Y 1st cy gu 4s. 1934 F- A
P CC A 81 !>. Set Penn Co,
West X C 1st con g 0s. 1914 .1 - .1
A- <1 •105
9 AN Ala. See L A N .
Pitt* A CooonliiT. St* B A O.
8pc»k FallsANor lstg 0s. 1039 J - .1
h m Ft W A Cb.
Ponn Oo.
Stntlsl Ry lstgu g 4Us.i943 J -D
Puts Ja»c Utgd*---- ..1922 J - J • 1 2 0
Sunb A Lewlstn lstg 4s. 1930 .1 - J
....
Pitts A L Krve—3dg5s .-1028
•108
Syra Bing A X Y. See DLAVV.
^ L .1st g 4Us.’39:
- - a -O
Pttts Me.K A Yp—1 *t gn 0 *. ‘32 J - J •133
.......
Per A of St
........ .......
J - J •135
1 1st con gold 5s. 1894-1944 F- A
9 f K « 4 0 V 1st < Ot. 191- J - J *123
8
t
L
M
BgeTergu
g
5a.
1930
A-O
........
"o o "
P?us P A P 1st f At___ 1918
Terre Haute Elec Ry g 6s.' 14 Q-Jt
PttSs is A 1, E 1st e 5s. .1940 A- <>
1 1 OH 8ep.’98
104 UOJi Tex A N 0. Sm So Pac Co.
Sst consol geld A s .,.,.19411 J - J :: : : :
98 r \ r *97
TexAP Ry K dlv lstg 08.1905 M -8
91H
1 st gold 6s ............... ,8000 J -D
70«
39
2 d gold Inc. 5s, Dec.. .2000 Mob.
0&14 5 # -.,....*..18
0U4
..-HI
PUU Y A A»* Utoa V*1W«7.M-N
Third Ar 1at gold 5s.... 1987 J - J
1> aadrcig Co gen g 4 s .. 1097 J - J 02 * Bole
82^4 237 77H 87« ToJ A 0 C lstg 5s....... 1935 J - J
J -J
West’n dir lat g 5a....1985; A- O
BMMbNM4*«r A +*aT. $44 1) X It
G e n e r a l g o ld 5 s . . . . . ...1 9 3 5 1 .1 - D
Sttrf. A
Set fkfttth Ry.
Kan A M lstgu g 4a...1090 A - O
HioOr W«w£ I t - ••10*» J - J HE Sale
41 78U 91 , To! Poo A W 1st gold 4s, 1917 J - J
(tk* Or J
1st gu g St 1089 J - u • 03
91 J'ne'ws
Ml
urn T St h A K C 1st g 0s tr. 1010 .1 - D
Hl>. Of
1St g A-4s...... 104*3 J - J • 08
54
71H I Hster A 1)©1 1st c g 5s. 1938 .1 - D
'» ♦
ffcuc* A 15U4 Si** D B A P" J Eton El 3v. St* Bk^yn Kiev
Untbe iff OL X O** sisv NY O M t:
On El (Ohi» i n g 5».... 1945 A-O
^•14 Laie,<- l»t * *18*. *0.4-13 ,1 - J
........
Ua PftC-RR Ai g g 48.1947 J - J
¥o‘ * 7*o?i
MtloAUH Is*, i i J-4*,.1917 J - J 79
?l.*4 20 dsii *8*i“
Registered....... .....1947 J - J
Vi L AAt 11. St* tilies-ola Cenl.
Tr Co ctfa g4)is........1918 M-N
ft L A C*l. Xt* Mob X *»hlo,
U P DAG 1st c g 5a tr rc.’39
At L A trp® MoOOi- Or* >1 P.
Uni N .1 RR&CCo. Set Pa Ittt
(Rl.K V A N., M * WAbash,
Utah A North. See Ore S L.
Si L M Hr H** T RR A of » l l .
Utica A Black R. See NY Cent
A i atsin A
Francisco—
er V»1 Lnd A \V. See Mo P.
Xd *-■.14 »■ d m A. . . *WO0 M-- N 116
.... 114 J’ty ’««
IrglniA Mid. Sea South Ry.
in
new
K <•■:<! »♦ C U tt tt
M-N 115
118
4 HIM 118Wj
118
ab RR Co lstg 5s.. 1980 M-N
S4#oIJ At < l*»*r ( J . . I WOO M-N 1 IB
...... 115 Seji.'OH . . . ; U3 118)4 W 2 d gold Gs...........1939 F- A
let t As Pw*rn» O A O..1910 F* A
Debenture series A .... 1939 J - J
i* if ‘ iVsji iYps Vi i‘u ‘ * 12094
OeMHSl g ‘-A4 Os
1041 4 J
Series B ................... 1939 J - J
Gaivsrai #x44 5s.,.,....|g si J - J m i l fUla 106)* 108 101 98U *.0 «M
1st g 5s Dot A Ch Ext. .194 1 J - J
l st leal g*»id As----... 1 007 A-O 07 100 100
Inu
10 02)4 100
SfcChas Bridge lstgOs.1908 A-O
Pi0 A V Bf*-U 1 st u Os 1 Mie A - O 195 1 1 2
105 Oot_'07
Warren RR. See Del L A W
Kansas Mid 1 st * is ... 1 0*7 J - II
Wash <>A VV. Set Southern
:::: ’ 89
SO 79**
m L A 0 P HR * A#.,. ,1000 J .1
8**1 West. N V A Pa—lstg 5s. 1987 J - .1
SrSUl* Ol* i l t f 5a,.. 1047 A-O
07M A ug’OH .... 1 oo
»7?1 Gen g 8-4s....................1948 A-O
S4 jUOr.. As* Illinois Comt.
Income 5s----April, 1943 Nor.
St L 9 w 1*4 0 4f bdefs. *0 H0 M- N 79 5-ale 7fG4
18 70
t#k
West No Car. Set South Ry.
81
nrj
52)5 3t)e
id g <*• Inn bofid m t*<, 198* J *41
00 ; 25
Western Pee. See Cent Pac.
30
K Ptisil Cltf Coa, e g 6s. 1 ®»7 J - J
♦♦44-, 00 Nov’97
W Chic 8 t 40*yr 1Stour6e. '28 M-N
9ssisfilss4 gold &#,.»!907 J - J
40-year oon g 0s.......... 1930 M-N
......
ft Ps«i A iMUttth l«t 8*1931 r a lia
117 Mat*98
115 117
West Shore. See N Y Cent,
ad A#.,. . . . . . . . . 1 9 1 7 A- O ioav* tO&M 107)4 Ber».'08
105 109
W Va A Pit U. See B A O.
ati Peal M A W 2d O*
J0O9 A O * 1 2 0
Ang’08
120 1 2 2 » |W Va Cent A P 1st g 8s. 191 .1 - .1
AllgWH
JMbV^lA**“ S'74 As . , ,.101 J M S •)*!»
113)4 123 ! Wheeling A L H 1st g 5s. 1926 A- O
tsa ouMbfi
0 * ..... 1040 J J •150
1 »«M
1 SH 182H I Trust Co certificates..........
... , , , , , 193J J - J
• Wheel Dlv 1st gold 5s. 1928 J - J
R«g)af«s;tog<aid 4»4* 1037 J - J * 100
109 Sob.'OH
Kxten A Imp gold 5s., 1980 K-A
j 105)4 100
fU|g\«t«r«4
1044 4 - J
108)4
Mar
‘
08
Consol gold 4s.......... 19^
J-J
Mortf Hat tMe-dd 4s., 199? J ^D i’oi ****** 1 0 1
101
*0
; ■u ioiJi Wilkes A East. Sm N Y 8 * W
. . . . . . . . . . . 19S7 J -U
#4 F»h •««
08
Wl) A dioijx F. See 8 t. P M A M
96
Minn t’e)'*r> 1 st e As,. , 1 0 * 2 4 J
192)4 4an.*98 :::: 123)4 1 2 2 U Winona A St P. Set C A N VV
Rr T: C 1*4 gn g n* .1947 j - j •I*§“ .,«♦** 128 Bel*.*00
WU Cent Co 1st tr g 5b .1937 J - J
u * S 132
ftjWis’AtfOd .
.....iK-it J -J
Apr 07 . . .
♦ ♦♦♦♦ IIS
Engraved trust eertmeatea.
1 st ga*r c >13 As . . . 1 0f7 4 - J
m i* Sep.’03
107 1 1 2 «
Income 5s...................1987 A-bt
------ ...IV ,T 4 - J
....
VSInn 1*4d**t si « *A 1008 A - O no'Mi ........ 1 1 0 1 #
jibsw 110)4 GAS A ELECTRIC LIGHT BON
A •O
Atlanta G LOo let g 5s. 1947 J - I)
'*♦**•* iY i‘ * Attg’08 ♦...
J - J)
u T * 118**
JJUguOrs*? ............... . 103»h J - !)
B «lfn U Om 1«t oon u 5s. *45 M-N
m P A Nor I V . fs* Mof !*•<'
Ch G LAC Co. Set P G A CCo
Ftp* r *
» » C #t»* M»‘ .
CMumbus Gas 1st g 5s.. 1 932 .1 - .1
■ A * A P. t t " *•
Co.
on Gw Oo. See P g a C Co ,
OflCS? . .
Detroit City Gw g 5*..,, 1923 .1
_ *»**

V

ws ■

W4 and wkol this

OUTSIDE S E C U R IT IE S (O ivss

BW.

A sk

......

[Y o u L X V II.

W ren 's
IS
R ang*or 1g ~
L a s t S a le, ^ 3
Low .

H in f>. ,Vo

104)4 OcL'97

H u n g*
fr o m
J a n . 1.
L o w . H ig h ,

•* ‘
10-144 Feb.’08

" 98** ' 08H
104
105 ........
99

os’ *

104« 104i«

' Vs’-, ” *5

107 Jau,’98
103)4 Sep.'OB
DUX
00)4

20

now i'1'2 ' 1 1 2 Sep.'9S
.... ........ 113 Sep.'98
34)4 Salo 8214
84)4 fc-i
118
120)4 Feb.’9>
127 Apr.’M
W

6s

Sale

75
08

Jan.’flN
00

0 2 “ " bbv

107

260

100

92

107
105M
a »«

107)4 1 1 2 ”
105 113
78V 81V
120)4 130)4
127 127
75
75
55)4 71

102)4 17 00)4 102)4
KIHV 109% 4u ioox I09v»
10094 UCI«
no ^ Aug* 98
92)4 ioav
1 0 2 W Sep.’OB __
87J4 Sep.'OB .... »1J4 88

101

102

108
10 2

85

10954 Sale * io«k
97* Sale
a
105)4......
99

105«

ioBW ^33 105)4110)4
MH
87^ V4 87
ios><

l 108

102

io i

Sep.'98 ....

118

118
L07
115
114

Sep.’98
107
Sep.'OB
114
Sep.'OB

90

10 SH
16 i

112
100%

114
114 Sale
120)4
110

121
110

110

125

122)4 Aug’98

107H 100
107^, 100

104 Sep.'08
108)4 108)4
t07M Sep.’HS
90 Aug'08
113)4 Aug’98

10 2

113

115

100

118

2 100^
1 UK
8 107
1 18
2 112

118

95
5 100

104
108M
107M
87V 90

10 2

1 1 0 ) 6 1 10 ) 4

109 U 2 H
105)4 110H
........

112)4 Aug’98
no J’ly’98
103 Oct.’M/

102«

105)4 Sop.'OS
108)4 8 r1o 100)6 L07
*0
i 4?4 Sale
40?(5 053
122*4 J‘ne’9f*
104 1 0 « t 104 X 104)4
i
105 Aug’98
m i*
77
77
........

101

79
93
Sale

70
77
90

101

Sep.’OS
Sep,'98
90
101

5
5

105«
0 0 -4
28
U7K
102

103

i n « 1 1 B« U l «
iism
31
SO Sale 38 H
89)a 50
8 8 " Sale * 32
38« ' 4 H
1
H>0 « Sale ioo« 1 0 M
107
1 1 0 J'ne’9* ....
108)4 I08T4 lOBVy,
1
65)a j« 8 Sep.'OB
15
15 Sep.’ OS
‘ **’

. . ... . ........
........
...
92
95
45

01
7

99

Deo 'wi ....

lOS*' Sep.’*98
...... . 100 Mar'w-i
....... IOC Sep.'OB
..... . 02V4 Msr’ M•..... 40)4 Sep.’OB ....

Sale
........

34

6 *H
7

Nov’9?
7H

164
17

9\bi

12

98J$

r,n

IIOV,
107«
50M
12i
10)
105

84-t
76
78)6
69
89« 90
08 104

" bbM Sale " m l i
820 **BKt4
. .... .
9b% Aug‘08
09)4 Sale
50 44
v.w Sale 7«M
78h loSo 48)4

►107

118
108
115
114
123
117V
125M

Boil
98t4
aiK
79

104)6 U»K
7.
oik
2 l ' 89*
97 1 >)6 h
108 >6 1 i"

1 ‘*

no
SBH
1*<M

........ ....
1006* 103**
I0i
100

90 1IJW
M2 )* 0 -iV
35
4»M

4

HIV
7

US.
......
*115
........

OCk
HBk
nsw 93

115)4

BOM »■ «

2 109)6 1 1 SM

80

S'5V

**.,) >ig M-.rcij. I [M n.htim .m . JBoo.H dn.i Nor

at

fo o t

of

7

l l w t f l f Cnwynnlf*. Bid. A * t- ‘| Pr r r v Compoiilp*, < Bid. jA sk,
ff J A N V fprty —
RAod*
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D e b e n t u r e 0 s .......................

00
!
B o s t o u lis t
60
05
|
10
14
;
01
58
92
08
LOS
100
|
304
32*
3 -H
05
94*
80
00
25
200
00
05
50
114
110
............
100
to o k E x c h .
65
48^
10
7 '
t 18
65
55
E x . 11 s t .
100
12
10
130
1424
2

80

R ange
fr o m
J a n . 1.

7 co n se c u t iv e p a g e s ).— R R s ., B A N K S , M I S C E L .

•24

45
265
100

W e e k 's
R ange or
L a s t S a le.

. 7.

U. 8. G O V . S E C U R IT IE S .
U S 2 s r e g is te r e d — O p tio n a l
U S 4 s r e g i s t e r e d ......... ..
1 9 0 '"
U S 4 s c o u p o n ...................... 1 9 0
U S 4 s r e g i s t e r e d ................. 1 9 2 5
U S 4 s c o u p o n ...................... 1 9 2 5
U S 5 s r e g i s t e r e d ................. 1 9 0 4
U S 5 s c o u p o n ...................... 1 9 0 4
IT 8 6 s c u r r e n c y . . . . . . . . . 1 * 9 9
U S 3 s r e g i s t e r e d ...............1 9 1 8
U S 3 s cou p on
. . . . . . . 1918
U 3 4 s r e g e e r ts fC h e r o k e e r
S T A T E S E C U R IT IE S .
A l a b a m a — C la s s A 4 t o 5 .1 9 0 0
S m a l l ................................... ..
C l a s s B 5 s ............................1 9 0 0
C l a s s C 4 s .............................. 1 9 0 0
C u r r e n c y fn n d ln g 4 s ... 1 9 2 0
D is t o f C o lu m b ia — 3 -0 5 s . 1 9 2 4
L o u i s i a n a — N e w c o n 4 s .. 1 9 1 4
S m a l l ...................................................
M is s o u r i— b u n d in g . ..1 8 9 4 -9 5
N o r t n C a r— C o n s o l 4 s . . .1 9 1 0
S m a l l ...........................................
0 s ............. .................................l y iw
S o C a r o lin a — 4 4 s 2 0 - 4 0 .1 0 3 3
T e n n — N ew s e ttle m ’t 3a. 191 3
S m a l l ...................................................
V i r g i n i a f u n d d e b t 2 - .8 a .1 9 0 l
R e g i s t e r e d ......................................
6 a d e f e r r e d b o n d s ....................
T r u s t r e c e ip t s s t a m p e d . . . .

I1 OI4 1054

A u g ’98
M a r ’08
J a n .’ 9 ?
A u g '0 7

O UTSIDE S EC U R ITIE S (G i v e s ’
R n .ll m a d s .

1 84

00

1004

S e p . ’ OS,

1 N o p r ic e F r id a y ; t h e s e a r e la t e s t b id a n d a s k e d t h is w e e k .

N Y El d e b 5s g u M an K y .
N o P a c it lc M o D iv 1 st 0 s .
P lt t s b A C o n n e lls v 1 st 7 s
D o c o n 6s g u b y B A Oj
R o c k la l’ il d A P e o r i a . l 0 o
P E a st A G r T r 1st 0 s .
T en n C I A K y c o n 0 s 1901
D o S o P lt t s b 1 s t 1 9 0 2 ..
y | U c * * l l « i 'i e o u » . P a r .
a c k e r M e r r a ll A C o n . 1 0 0
A m A ir P o w e r o f N Y . 1 0 0

04

... | l0 8 * 1 0 9 * j

109

n d in g

■B i d .

F e b '9 7 ,

J a n . '9 8
S e p . '9 8
A p r . '0 8
F e b . '9 8

E

t fo W e s t n T e l e g . S e e W e s t . U n .
P e o ria W a t C o g 0 s . . 1 8 8 9 -1 9
PI V a l l e y C o a l 1 s t g 6 s . . 1 0 2 0
P r o c te r A G a m b 1st g 0 s. . ’ 40
S t L T e r C u p p le s S t a t io n A
P r o p C o 1 s t g 4 4 s 5 - 2 0 y r ’ 17
S Y u ba W a t C o con g 0 s. . ’23
S p Y a l W a t W o r k s 1 s t 6 s . '0 0
90
109
S ta n R o p e A T l s t g 6 s .. 1 9 4 6
1
I n c o m e g 5 s .........................1 9 4 6
S u n C k C o a l l s t g s f 0 s .. 1 9 1 2
100
105*
T e n n C o a l T D iv l s t g 0 8 .1 0 1 7
B irin D iv 1 st c o n 0 s . . . 1 9 1 7
102
109
C a h C M C o 1 st g u g 0 s ..’ 2 2
115
De Bar C A I C o gu g 6 s . T 0
120
U S L ea th C o s f d e b g 0 s . T 3
V t M a r b l e 1 s t s f 5 s ......... 1 9 1 0
102
1004 W e s t U n i o n d e b 7 s . . 1 8 7 5 - 0 0
106
101
R e g i s t e r e d ............. 1 8 7 5 - 1 9 0 0
108
102
D e b e n tu r e 7 s .. . 1 8 8 4 -1 9 0 0
1014 1054
R e g i s t e r e d .........1 8 8 4 - 1 9 0 0
101
101
C o l t r u s t c u r 5 s .......... . . 1 9 3 8
M u t U n T e l s f ’ d 6 s . . . 1911
N o r th w e ste rn T e l 7 s . .. . ’ 04
9 3 4 1024
W h L B & P C C o 1st g 5 s .’ 19
1 0 2 % lO w
W h ite b r s t F g e n s f 0 s . . 1 9 0 8

90
103
108
112%
1144119

108% .

J -D

e e k

L ow H ig h

A u g ’ 98

1 1 7 % S e p .’ 98
1 1 3 4 J ’n e’9 '

J -J
A - O
A- O
M -5

P r ic e
F r id a y ,
O ct. 7.

BONDS.
N. Y . STO C K E X C H A N G E

727

10 b
130
06
107
390

200
100

425
K n lc k ’ r b ’c k ’ r 2 7 5
105
400
300
N Y L I A T r 1200
N Y Sec A T r 400
P rod u ce Ex 205
R e a l K s t T r ’ t 200
195
ll 4 0
U S M tg A T r. 2 9 0
1 175
W a s h in g to n . 2 3 0
BR ’ KLYN.
390
226

300

215
2 "5
300

220

400
235
936
290
226

2 37
150
P e o p l e ’ s ......... 2 6 0

268

285

L Is) L A T r .

101

P r i c e us* s h a f t

THE CHRONICLE.

r28

Boston, Philadelphia and
ry
O e{.

8

re Stock

(Per foiuntti Prle-o*.
del. a

cm .

4.

IT«jn
i'f :J'I x-1
^M. 5.

rAfi-r-asJ-ajt.
I <M. 6.

I V ol . LX V II.

E xch an ges— A

D a ily

and

ACTIVE STOCKS.

Wttelf,
Off. 7.

n In d ic a te

a

Y e a r ly

R e cord .

o f l\fu 1 ^®wcr<* c/* Sale* in IB98
H7cA\ ---- ---------- -----------------------

u n lis te d .

S h a re s

Low est.

!

H ig h e s t.

lU llro a d Slock*.
A54 03HjilAlOnQS C)t; Fnesttninr.•■ (Balt.) .... 25
“
.... 25
S:>S vOy Baltimore Consolidated.......

i
1,040 705 Sept, 30 754 Feb. 11
4,940 214 Apr. 20 2131 Feb. 14
2l!l{ Feb. 2 3
2 ' 4 8 3 4 1U n ittiu t.»ro O o i a o U d A t w l . . . . ( P h l l a . ) , . . . 2 5
1 , 10 0 2 1 4 M a r . 18
85>‘ 251 ! Boston X Altwmy.....,...,.» ( Boston).... 100103 2174
Mur. 29 2694 -opt, 26
60U e»W4 Boston Blovniod.......
“
.... 100
75U ft2$| Mur. 20 71 Sept. 20
291 825 IBoston & LoW«H...................
44 .. .100
........215 Apr. 2 227 Aug. 27
104 104 Boston & Maine........... . ......
** ....100
4b!l0U Mur. 12 1714 Jau. 7
“
....100
10,351 8594 Mur. 20 11034 Aug. 18
114 114*4 OlUo. Burl. X Quincy....... .
121
1214 Chic. June. A Un. Slock Y*ds.
’♦ . . . . 1 0 0
682 102 Mar. 14 1264 Aug. 18
128 123
Preferred ............ ........ .
** ....100
49 105 Mar. 12 124 Aug. 29
190*4 107 Chic, Milwaukee A St. Paul. (Phila.' ....100j 3,000 834 Apr. 21 1 15 Sept. 8
22H 33 lObdfitaw Oklahoma & Gulf..
"
.... 50
2,410 0 Feb. 25 27 Aug. 24
41
4 !M deferred......., ........
"
.... 50
1.828 8794 ,fuu. -t 124 Aug. 26
51
51 iCottSOL fraction of N. J.7...
** ....100
100 37
Jan. 3 53 Aug. 11
105 105 Fitchburg, prof...................... (B o sto n ).-100
86 98
Mar. 88 106 Aug. 9
:H»4 394 Go. Southern A Florida.. (Bait.)
....lo o
100 2794 51ay 9 42 Aug. 28
. . . . . 1st preferred...............
“ ....100;
59 84 May 25 9 i Oct. 5
0 0 4 1 2d preferred.
“
....100
25 55 May 3 784 Aug. 25
2 0 4 1 Lehigh Valley......................(Phlla.). ... 50
1,780 i»4 J u ly 2 2 2 6 4 Jan. 8
4W Mexican Central.................... (Boston)....100
365 44 Apr. 6 64 Jan. 19
83 June 30
*81
...... *314
824 Northern Central......... (Balt.) . ... 50
60764 Jan.
404* 4 1 4 894 4041 Northern Pacific. . . . . . . . . . . . (Phlla.)
....100 25,20810Feb.244236 Sept. 16
*754 754, 764
7541 Preferred..........
“
..,.100] 528574 Mar.26 794 Sept. 2
192' )92 *102 193 iiOld Colony...........................(Boston).... 100,
48 1854 Mar. 16 195 July 9
.w
(to
*29
30 Oragon short Lino..........
"
..,.100
50 18
Jan. 4 364 Aug. 31
;s * 5 8 4 584 584 Pennsylvania......................... (Philo,).... 50
1,232 554 Mar, 12 604 Feb. 7
90
904 904 6 0 4 Philadelphia Traction.........
“
. ... 50
2,965, 77 Mar. 25 95 Aug. 29
8 15-1*' 8 11-16 8 4 :Reading Company..,..........
“
. ... 50
3,844 7 13-16 Mar25 11*4 Jau 6
214 2 1 4
5
1st preferred....................
“ . ... 50
2,526 184 Mar. 26, 27 1-16 Feb. 3
10 3*14
104
IO4 ' 2d preferred..............
“ .... 50
275 9 4 Mar. 25 14 9-16 Feb. 5
324 3*4 Union Pacttle..................(Boston). ... 100
2,130 164 Mar. 25 344 Sept. 18
6-14 65
Preferred...........................
“
....100
3,803 47 Mar. 25] 874 Sept. 16
194 1 > 4 iUnion Traction....... .
(Phila.),... 50 11,574 12 4 Jan. 3 3 1 4 Aug. 22
West End Street,......... .
(Boston).--• 50
677 78
Mar. 25 87!4 Aug. 11
UlscellaueoUH Stocks.
285 Aug. 15
American Bell Telephone... (Boston). ... 100
265 238 Mar.
147 Aug. 24
American Sugar RefiningT..
44 ....100 71,984 1074 Mar.
1 1 8 4 J»n. 6
Preferred!......................
103877Mar.
“
....100
1 0 0 4 1004 1 0 6
107
'* . ... 25
4,8-16 1494 Jan.
23 Y
2 3 9 ,4 2 3 6 4 2 1 5 4 Boston A Montana..................
2454 Oct 7
»24
25.4!Butt© A Boston4.............
41
. ... 25
4,384 I8 4 Mar.
284 Feb. 2
234 84
‘ ‘
600 Aug. 13
489
565 585 Calumet A Heclo.... ..............
11
.... 25
44 Jan.
585
585
785 52*1 Jan.
06?4 Aug. I 8
«4H; 04*4 65 Consolidated Gas.................. (Balt.) ..,.100
'
' " Dominion Coal
(Boston)....100 1,265 14 Mar.
204 Sept.. 22
.
Electric Storage Battery 7 ., (Phila.).... 100
1,250 184 Mar.
89«4 Sept £9
45 4 Oc.t, 7
Preferred 1 ..........................
“ ....100
2,078 21 Mar.
45
!
Erie Telephone. — .............(Boston).... 100
129 594 Mar.
744
774 Sept. 0
744 Sent. 6
“ ....100
882 444 Mur.
Illinois Steel,...........................
704
Lamson Store Service.........
** . . . . 50
130 20 Mar.
234 J. no 8
224
43^ Jan. 7
37 July
_ Lehigh Coal A Navigation... (Phila.)
. ... 50131
384!
Jan. 11
5
May
5
4
Morsden
Company7....
1
4
....100
6,062
5*4
144 Aug. 17
........ 120 Mar.
139 *137 ISO New England Telephone.....(Boston)...100
"
. ... 25
1,485 214 Jan.
324 Mar. 2
28 4 8$5|l 234 8894 Old Dominion Copper!.....,
2 2 4 Aug. 22
8 Apr.
.194 804 194 3,:>4 Pa, Mfg, Light A Power! ... (Phila.). ... 50 17,070
125 Sept, 19
44 . ... GO
2,092 074 Feb.
123 1 2 2 4 ! 1 2 1 4 1 2 2 United Gas improvement!.,
2*4 Oct. 7
234 834 234 2494 United States O il...,.r......(B oston).... 25 7,307 104 Feb.
62 r July 5
*74 474 47
4“ 'Welsbaoh Light T................... (Phlla.).... 5 1,085 334 Feb.
Jan. S
1 Jan.
. . ... .
1 4 West End Land................... (Boston),... 25
•1 ....... ! *1
sV Sept. < 6
3314 334 *33
334 Westingb. Electric A M /3-•■ “
. ... 50
1,372 204 Apr.
584. Aug 1 0
44
---- 50
171 50 Apr.
574 574 574 574 Preferred...........................
2 1 1 1 -16
§ *0 1 1
reeeluts: *B/n*talpaid- tTr. recta. 7 Ex rights. 1 Lowest Is ex dlvi deed.
Bid. Ask,
BONDS
Boiston—Concluded.
95
Ogd A I>Coon 68/20 A AO
15
Income 0 s............. 1920
<94 j M ttfg en tlin ler 1 H ost) 100 1185*'11*80* Rutland 1st 60 ..'02 SIAN il05 106
2d 5s............. 1898 FAA 14 09 101
Mnrrtf Ouul..(PhU) 100
West End St 5s. .’02 MAN n o s
B ea ton A P r o v .
44
100, 2 80
P r o f .......................
•* 1 0 0
< 4 s ...............1914 MAS «1044
O lU *tJiu..M..(Phll) ftO . ...
594;
OeoeolH Mlntng(Best) 95 59
Gold 4s........10t0 MAN
1ft prof-... . . . *’
SO] 54
Parrott SJlACop **
10 234 24
4s..................1917 FAA 1105
O m tm i Mm>»u.. tB>»: 1 100 j 6
10
Penneyi Salt...«Phil) 50 1 0 4
Prof...,......... ** 100 53
55 : Panruyl 9Uti1 44 100 17
48
Bonds—Baltimore.
ProfT.............. " 100
Central Ohio*.,(Balt) SO 40
cttc a w mica , twtiiooj 19
It
PbU'dalphia Co(Bo»l) 50 364 3741; At.i A Ch 1st 78.1007 JAJ 120
AtlG-Llghtlstftsl917JAD 100
Crt‘» btof 1nd«7(irhii) loo I 90
SS i Pullman4f Pal..
100 190
Cttf A &ubarb.. tBalt > 5o
; Uuincy Mining.
110 II Balt Belt 1st 13s. 1990MAN 1004 101
2 5 118
C*mti A PMitBt Boet) 100 153 ; 155
tla*K?e Buttenh.
10 n % u « BaltCPaalst 5s. 1911 MAN U 0 4 117
Fundg 5s. 1916 MAN 122
Conn JU ^r.... 44 100 250 i«0
Santa Y»abe! G
S 4 41 6 Bait
Exchonge 3 4 S-T03OJAJ 107 1074
F V tr 4 % 1 e r e M .
«
100
1 2 : 14
Tamarack Min.
25 174 175
BaltAOhlO 4s g . 1935 A AO
<0
118
Proi,........ .. . w 1 0 0 ] 28
. United Kl Sec..
50
O'ncjuifr- PauulPbD) SO 1 8 5
PlttsACon 5 g. 1985FAA
Prof...... .
100
B«A uot M AT
so1 <«
100
Water Power..
1 I 8tftt Is! 2d 5 g. 1926 JAJ
50 0 7
Prof. ........
2 1 I Receivers cortif 0s. JAD i ........
W'eUbwch Oouat(Phil) 100
Do Maryland Oonatr 5a. S.......
13
so
Prof! . ...... *• 100
if sal A B w iiT
6741
Do Ptttsb A Con 5s.JAJ
88 : W w t m ’ r o l G o a l ( P h i l ) 5 0
so
.............
48
K c r t n M ,( Boat) IOO 10
Do Main Lino 5s...........
13
I Wolverine Mln.(BoU) 25
2 6 4 2 G«
Prof. . . . . . . . . •• 100
BAGSW 1st44 g. 1990JAJ i044
5
65 1 Woilaaton L d. “
BaltAPlstOsml 1911AAO 122
Utt&e 8chnylk.(PhU> 50 84
Maine Central^ B«*t)10Q ISO J122 !
1st 6 s tunnel 1911..JAJ 122
Bonde- Boatcro.
Bod Tree 1 st, 5s. 1929MAN llGtt 1104
kUftropel HIT. .(Phil* 100 163U l « <4 Am Red Ted?*. 169* FAA ilOltf
*1014
Ext A Imp 0s. 1901 MAS 1 0 2 4
Mtaebili A $ 8 . ”
SO 534|....... j A TAB Fgen ft 4«. *05 AAOr
1|M
9114 94
No BoltDlv 5». 1042JAD 1164
ftwqoeh'u'B’g V. **
50 64
AdJuftcoent u 4*. .1995
72
:ik
Conv'rtibl o 5a1906 MAN 103 m
k W .fS^dOKrd.. ( Start) 100
B A M Sd l* 7a402-07 MAN.......
104
Prof - -........... " too
Heiton Term*) 8 4 *.. 19471*109 i l l ” C&poFAVsrAOg. 1916JAD 70
99
75
Ikrt UnGw UfS« '1I9JAJ ....
Won* Pens.... (Phil) SO
1st 0s ser B..1916 tr roc 45
96
48
90
Mo A 7V Branch M SO
24 M 5#....,,.1930 JAJ 704 71
1 st 6 s sor C..1916 tr roc 45
48
f r . c l . 7 W ... 44
60
HurA Mo lllv ex'pt 6aJAJ 116 1174 Cent Ohio 44« g/30 MAS 1074 n o
P h U A M ru .., 44
soj . . . . . . * 18 ii Non-exempt 6* .*18 JAJ1 106
Central Ry 6a... 1912 JAJ
Phil O m m k S . 44
s o: 1 3 5 4 ............
Consol 5 s.... 1932 MAN 116
plain 4a........1910JAJ
9b
0 1 1 M N J ....... 44 tOO 957
Ext A Imp 5s. 1082MA8 112 114
..... Ch BurA N let 6a. *86 AAO 1 0 6 4
United Tr of P 44
So| 1 7
18
[
2d M . . . . . . 1»1« JAU 102
CharlCAA oxtSs, 19 10JAJ 108 1 0 9
<s ; 4|U Ch Bur |Q 4*.l W22 FAA 09
Chesup Go* 6 ». .1900 JAD 104
P r m / < tt* **
60
W »« H.• rrrf-1
]1 L»*i) SO] H-” IIISi,
lo*a 01* 4* 1919 AAO', 0 9
CityASub 1st, r>s. 1 022JAD 1154 lie ”
Wort Jer A « alllifl) so s»
.. . . . : Chicago JHWJ6a. 1915 JAJ1 113 IH 4 ColAGrnvUtftO. 1917JAJ 117 118
Ch A No M ge 5*. *31 MAN
W m t ft T i P *
*'
50;
6 6 [] Consol Gas 6a*. 1910 JAD j 118
Wlerrjtj OmilAl <B"*J (} 0o,
ChlAW it gen $*.*21 JAD
80 j 5».................. 1980 JAD| 1 1 0 4 I l f *
*
f a1 Con.
” lOOi
of Verm't s«.'s a jaj
•
3
Ga AAiatstpfftsl045AAOj 104 1 0 4 4
80
W f * !***& A H
44 IOO 1*0 185
Corr*t Hit 1«i 6».*27 AAO
914
85 II GaCarAN laifts g. 1929J A-l 94
1)0 It k W 5»t U 40 AAO ' 0 G : 39 1 #o«jrgiaP 1stft-fl* 1922J AJ 120
MUK7EM-A3nSOtm
AJi&WM Mining,
fft
*4
.*v Demin Coal iiUk '18MAH 1 1 0 4 I H 4 ! GaSoAFIa t sifts. 1045.1 A) 10 0 % <064
Am Ry m lA t. Phil)
t
0# MAH
I^ako It El lst«u5s*43MA3 113 <134
120
Aaw»-*>T.4w itm t ft al W ******
xrt K!k..VM T|g*8 '3;i«nd
137 j MaeAN 1st 44s. 1990 MAN
10# tfrt** - <■*■***I (Tn#Vp‘d Id flp 33 AAO •
A fih lL * c * 4 .
Mel HidWash) Ist 5tt’2SFA iY«”
A rw 4 h Mtuft**. "
16-4 17 j !!!lh HLffcd(vmjt 5ft/t o JAJ
90” New Or! Gas 1st 5*,. .Var 100
3A
Alb M
Min'#, **
8
I4dveht(iin*>
013 AAO
iH
07 It ParthCent 44«. 1925 AAO n o
*5 * 5 4 30
AUwnMe Miu‘g.
K C CM $ t#t 5<g. 85 AAO i
8 ft I 6h |B00................ iAO 103
tt
8*114 MtnSag .
17
*74; k f t n k io t«t % OHjAf) |
lift | 6s gold 1000 . . . . . . . JAJ 105
Balt W*r*hM.W8olT) to 81
K (’ T H kw fi** 80 MAN IO8 4 103 ; 6s 1904,..................1AJ n o
B*y
h-.fi HQ
Series A 5s 1926,,..JAJ 117
1H " ’tH K C .V O lh t U. 34 MAM
9s*wkK*nM nr’wi Phlri UrQ
taniis* fta......
a l l Series B 5s 1920... .JAJ 117
Prof. . . . . . . . . . ** loo:
V0 4 ICC* M RyAR 5* 3a AAO1
OhioAM1St7SD 1905M A N 1 0 2 4 103
5tc*sV'Tt UtT"*1lAf ftewf.) J0*0 153
K CHS Jo* CD 7*, *0 7 JAJ ,
PlttaAOcm Ist 7s 1898J AJ ; 104
8i*re 8 6 )
Aoetnei Land.
1 MAW
Pitt Un Tr».c 5s. 1997 JA-l 107 1074
8 Afftete*i v* I#4d
ItHMAFA let 7a, *0SJAJ
Potora Val 1it 6s. 1941JA-l
Ck»l»6 * itv*n,,i Phil)
B5H 5841 i. KAjti r,i»4A»#.^ AAO
SMAvTn'(Ptt««)6 a’*<MA t> 108 ”
OtntfeR Co....... >Baft |
M U M e__fp.ih AAO
1 1 0 0 ; 734.; 78 j
Saab A Roan 5s. 1920 JAJ' 104
Omkr, Mtntof
IS] V n f 1 2
Mar IJ A On* 6» ?rVlrg Mid 1st 0s. 1900 MAH n o
111
Wpi cm tr%i &*. 1 0 1 1 AA» » l . . .
Ontftl Tr**» rhii)
2d series 0s..1911 MAS 116
Oosto Oealpf.i Boot >1 0 0 .' i v r l i t 4* 4* g -..,. - - - . , 1 0 1 JAJ \
3d series 6s.. 1916 MAS 114
1 64*
*' 1801
•diww, m 111
1tt <v?n IttcAs g Pot
4th sor 3-4-5*. 1921 MAH 100
14
ft W ajr«e BkwrT M 9$
2 d <y!*n. iM As m*nI
t
dtb senes 5s. 1926 MAS 103
, 6
FnanAim Mrr,■g,
Tt
AA‘
U
I 8H New
Va (State) 8« new/32JAJ 82
Freae*» Bay XA.
As ,
,
AAC
Fund debt,244,1991JAJ 77
H\
H
m em .u
N TAN Ktig 1 *
*4
ii
|U 0
TftA Terra 2 d 5s.1909J.Al
1 #e i *0 f let snort 6 s
|l 13
......... i&00 JAJ ” ” ” !

STOCKS-BONDS * Bid. ! Aek.|

INACTIVE STOCKS!

Ita li.it' *Ad a —Sprues
At Top A 8 F*. .<Bowl )lOoj
Atf A Chari*!*** Balt 1 1001
B*M A O *d pd- ** 100 41
Bo* A Mainepf.(Bead) UK lea

M1SOKLU -Con otttded.!
Ini But H ASM **
10
Mttftden prefT (Phil) 100

n^44

24]

3

Bid. Aes
BONDS
Bal t! ni<f re—tkmoJu'd
WestxN C con 0s. 1914 JAJ 1 1 4 1 1 6
WestVaCAPlfitOg/l 1JAJ 1084 1094
WliColAAug Os.1910 JAD 1 1 5
Wil A Weld 5s.. 1935 JAJ 1174 117#
Bonds—Philadelphia
Atl City 1st ftsg./lO MAN 107 1084
Catawissn M 7s.l900 FAA 1054
Ches&D Can1st 5s, ’ 16 JAJ 5 3
Choc Okla A G prior lien 0s 1054 IO6 4
General 5s.... 1919 JAJ 1014 102
Cit's’St Ry(Ind)cou 5a/S3 794 80
ColumSt Ry lstcon5s/32 uoo 102
Colum O Crosst 1st5s..'33 11 0 0 102
lu8
OonTracof N J IstSs./SS
Del A B Bk 1st 7a/05 F&A
EastAA 1st M 5s.*20 MAN 1094
Edison Eleo 5s sfcktrct.fa, 109 1094
ElecA Poop’s Tr atk tr ctfs 0 1 4
KltuAWilm 1st 08/10 JAJ 120
Income 5s,...2862 AAO 104 1064
Eq 111 Gaa-L Istg5s.l928 107 1074
Hestonv M A F cou fts/24 1164
H i. B Top con 5s/25 A vO
Internal Nav 6s...... 1906
K C Sub B lst6s./20 JAD 102 103
K C P AG lst5s./23 AAO 744 75
Lehigh Nav 44s. .‘14 Q.-J 1104 113
HR 4s g......... 1914 Q-F 107
Consol 7»...... 1011 JAD
108
Gen M 4 4 9 g.. 1024 Q-F
Leh Y C’l 1st 5a g/83 JAJ 9 3
934
Leb Val ext 4s.. 1948 JAD 1114
2d 7s............ 1910 MA8 128 130
Consol 0s...... 1923 JAD
Annuity Os.......... JAD 1 2 2 4
Newark Pass con 5s. 1930 113
NY PhANorUtds/23 JAJ
No Penn 1st 4a..*30 MAN,
Gen M 7b........1903 JAJ 1134 115
Penn gen fls r... 1910 Var 1374
117*
Consol 0s 0 . ... 1905 Yar
Consol 5s r.,.,1019 Var 122
Collat Tr 44s g/18 JAD
Pa A N YCan 7s./06 JAD i*19*
Cons 5a...... 1939 A&O
92
Cous 4s...... .1939 AAO
100
Penn Steel Iat5a/17 MAN 7 0
People’s Tr tr certs 4s/48 105 1 0 5 4
Perktom 1st ser5s/l8 Q-J 105
Phlla Elec g o l d trust ctfs 994 ioo”
PbABr gen M 5g/20 AAO
Gen M 4a K..1920 A&O
Ph A Road 2d 5a.*88 AA >
Consol M 7s.. 1911 JAD 132
Con M 6s g.,.1911 JAD 1 2 3 125
Ext Imp M4hg/47 AAO 1014
Con M of ’82 4s/37 JAJ
10-yrsf 5b g. 190 2 FAA
Terminal 5« g.1941 Q~F 1 1 8 4 1104
P Wll A Balt 4s. 1917 A&O
Collat trust 4a. 1921 JAJ
Pitt s CASl L 7s. 1900 FAA
82M
Road Co gen 4s, 1997 JAJ H2
Rochester Ry eon 5s.l930 9 7 4
8ohRE8idelst5s g’85J&D 1 0 7 4
HcranTrac 1st 6s ‘32M AN 108
Union Term41 1st Sa.F&A
United N J 4a.. 1944 MAS
UnTracPItta gen5s’97,1AJ 106%
I And accrued Interest. TUnll sted.
•Price includes overdue couoo D8.

THE CHRONICLE

October 8, 184)8,j

Jwtrjestmmt

K oads.

W e e k o r Mo

A-ID

Hailrerad Intelligent.
RAILROAD

EARNINGS.

The following table shows the gross earnings of every
STEAM railroad from which regular weekly or monthly returns
Ban be obtained. The first two columns of figures give the
g r o s s earnings for the latest week or month, and the last two
oolumns the earnings for the period from January 1 to and
including such latest week or month.
The return# o f the street ra ilw a ys a re brou gh t togeth er sep ­
a ra tely on a subsequent p a ge.
J a n . 1 to L a te s t D a le

L a te s t G r o ss E a r n i n g s .

K oads.
W eekorM ot

1898.

1897.

*
I
20,5651
44,680!
67,976!

1898.

1897.

Adirondack « ...- August—
144,690;
19,887
135,240
41.977! 1,274,217 1,15 1 , 1 86
Ala. Gt. SouUi.. 4thwk8ept
Ala. Midland... July..........
58,829
474,766'
394,066
Ala.N. O.Tex. & Pao. Jane.
971.622!
26,000
N Orl. <k N. E 2.1 wk Sept.
23 00o|
865,577
11 , 0 0 0 ,
14.000
419,833
Ala. & Vioksb. 2d wk Sept
387,831
9 ,0 0 0 ;
8 00 0
440,713;
Vicks Sli.& P. 2dwkSept.
318,510
Allegheny V al.. -August___ 244,200 217,674! 1,732,376 1 ,'8 7 ,4 -0
37,321! 1,077,972
42,369Ann arbor........ .4thwkSept!
949.460
6,977
Ark. Midland... July
7.9691
62,o45
52,430
Atoh.T. AS.Fe e A ugust.... 3,004,107 3,214,5 -1 24,559.4 43 21,8-9,812
Atlanta & Char July...........[ 173.948 127,937|
970,738
931,876
Atl.Knox.ANo. August____ j 27, 17;
27,0 3
203, **23
176,995
Atlanta & W. P. July............ ! 44,792
40,525
317,920
304.560
414,241
Atlan. A Danv.. UhwkSept
10,626
11,239
390,779
Austin&N’ west July.............
9,165
8,865
Balt. <t Ohio___A u gu st....:2,350,770 2,371,830 18,294.149 16,686.091
Bal. & O. Sou’ w. IthwkSept 204,151 185,553 5,202,953 4,674,704
Bath AHam'ndaJuly..........
1,732
2,169
11,769
12,350
1,530!
Btr. & Atlantio. Augttst___
15.876
13.865
1 , 886 !
Brnnsw’ k&West'July. .......
55,218!
50,938
353.458
324,744
Buff. Roch.&Pitt; IthwkSept 10 >,379
95.412 2,8 <0,785 2.489,48 4
Buffalo & Susq.. August___
66,938
68.2
_____40,
335.499
378,808
Bur.O. Rap.&N. 4thwfeSept 182,378 152.306 3,220,867 3.015,9 45
Canadian Pacltic 4thwkSept 7 57,0:0 764,00 >18,199,247 16,396.340
Oar. Midland....; August__
4,161
3,998
37,79)
34.230
Oent.of Georgia IthwkSept 163,941 158,975! 3,778,987 3,622,029
Central of N. J.. August___ 1,146,069 1,274,709! 7,92s,530 8,040,740
Central PaciHc. !July_____ 1,300,119 1,400,578
Oh»rlest'n&8av Jnly.........
49,296
39,866
435,348
389,497
Chas’ n & W.Car.'Maren____
87,529!
79,584
260,457
241,183
Chattan’ga So.. 3dwkSept.
913|
1,082
49,816
53,540
Ches. 6b Ohio....;
. ■ H IthwkSept
i ____ 318,292 287,408
8,759,341
.J H P8.2
P P-1,881
RBV
Oklo. Bur. A Q.d A u gu st.... 4,034,595 3.954,013 26,99-i.543'23,838.-19
Ohio. AEa8t.ru. ,4thwk-eptI
97,307
96,171 3.0<3,90 > 2,841,190
Ohlo.Gt. Weat’D ItLwkSept 170,5 J1 161,098 4,050.857 3.632,25.6
Okie. Ind. & L.. IthwkSept!
95,218!
95,013 2,4.37,9 .6 2,325,634
Ohlo.MU.ASt.P. IthwkSept 1,222,204' 1,029.37 1 25,006,545 22,4 3.388
Okie.* N'tbw’n. 'August___ 3,414,354j3.120.123 23,228,29 20.406,945
Ghio.Peo.ASt.L. August___
•
•
66,138|
6 ’ ,2*5
533,046
523,»51
Ohlo.R’ k L A P .. August . . . . 2,133,731 2.017,168 13,314,185 11,559,9 >9
Chle SLP.M.AO. August___
831,725 749,555' 5.31-.471 4.853.534
Chlo.Ter.Tr.RR. IthwkSept
29,847
_
‘
--------------------858,204
785,279
24.876
Ohio. & W. Mich. 3dwk Sept.
51,044
33,435! 1,349,413 1,133,625
Choc.Ok.&Gulf. August___
638,626
138,908; 108,6241
993,995
01a.G.APorts’ th July..........
32.444
5,4881
33,427
5,5771
Olm.N.0. A T. P. August___ 417,343' 304,707' 3,008,387 2,336,546
Oln.Porta.A Vir. March.......
22,716
52.283
19,412
6i,40*<
Olev.Can. A So.. 3dwk Sept.
14,702
433,274
11.075,
499.068
0L01n.0h.A8t.L 34 wk sept. 301,309 285,945110,325.491 9,6 <5,190
Peo. A East’n A u g u st...
102,503 175,327 1.215,697 1,103,227
OLLor. A Wheel. IthwkSept
40.3151
918.764
49,«53 1,104.250
OeL Midland___August____
126.663! l67.892| 1,036,217 1,116,366
Ool. H. V. <fcTol. Septemb'r. 2 53,0271 233,139 1,928,432 1,651,1.97
OeL Sand'y A H. zdwkSept.
2 1 ,2 s l
455,412
10.304
590,307
OolutaA Lake.. A ugust....
1,609!
13,355
11,459
2,400
Crystal............... July............
1,324
7,110
8,490
1,452
OumoTd Valley August ...
85.001
508.535
538,5401
84.371
Deny. A Rio Gr IthwkSept 249.400 216,700 6,161,519 5,269,668
Des M. N. A W .. July.......... i
223,452
3 5 ,0 6 /1 35,48
294,«8tt
Det.G.Rap. AW 3d wk Sept.
35,612
9 0 1 408
261450 1,057,658
Det. A Lima No. adwkSept.
8,917;
8,7 6'2
304,753
180,829
Det.A Mackinac July..........
327,331
30 *.915
45.857
38,626
Duluth 8.8. AAtl 3d wk S ept1 41,845
35.034 l,332.56i 1,139.466
ElglnJoi.AEast. Heptemb’r, 131,480
850.812
97,068 1,113,325
Brie.
August..., 2,978,007 3,181.792 21,048,001 20,928,794
Eureka Springs. July..........I ' 4,526
30.450
35,910
' ™
7,112
Erans.AIud’pLlH 4th wkSept
8,833
227,347
219,437
1 1,337
Eransy. f t T .R , tf hwkSept
32.489
35.671
889.550
823,Oi2
Find. F tW .A W . J u ly .......i
9,20i
6,194
Fitchburg.......... August....
642,308 666,292 4 64’»,107 4,575,297
Fllat A P.Marq IthwkSept
98,063
81,181 2.199,597 2,020,949
Fla.Cent. A Pen. 3d wk Sept.
71,446
40,730 2,281,745 l,e52, *27
804,913
F tW ’thADeu.G 3 dwk 8 ept.
31,777
927.590
32.484
F t W. A Rio Gr 4thwkSept
19,337
228,840
330.008
15,8 .1
Qads. A Att. U August___
533
627
5,730
4.804
Georgia RR.......3dwkSept.
34,252
40.097 1,040,907 1,049,960
Georgia A A la.. 3dwkSept.;
23,437
730,104
85 4,312
27,411
485,816
468.800
58,207
aA No J^ T ..........! 65,306
Geo. 80 . A Fla . August....
73,299
555,979
643,951
72.430
l^wkSept
61,05
59.747 1,596.713 1,138,794
01n.R.«fc Ft W. 4tli wkSept'
11,728
298,570
332,4 55
12,081
29,281
Traverse City. (4tbwkSept!
1,085
30,5 •7
1,1771
80,508
94.003
3,752
M55vG*iS;A 1* ith wkSept:
3,V61
q J 0,1 aUlluee. 4th wkseptj
77,833
76,757 2,053.688 1,853,212
IthwkSept' 716.203 702,818! 17,494,448 10,854,804
67.286; 2,535.143 2,108,989
i
t
2<\wk Sept.
6^.88 2
Det.Gr.H.AM.i'idwkSopt.
20,270
690.884
22.917
645,131
Great North’D ’
M !August.... ]1,508,040 1,451,631 j10,777,188 9,020,646
East of Minn. August... i 287,6 *1 154,319 1,217,823
989.873
Montana Cout! August___I 145,120
171,636! 1,309,123 1,299,224
Au«uafc -1 ,9 4 0 ,7 6 1 1,777,586 13,304.134 11,315,743
91,214
8.420
132,877
27,345
Gull AChlciBgo. August___
2.887
3,797;
30,145
Hoos.Tnn.AW11. August....
5,614
35,891
5,8541
34,450
n n ^ A ^ ex*Ge,n July..........
213,485 208.922
IAugust.. . . 12345891 >2175681 117628187
180,931
38,287
{22*
May ..........
40,571
567,306
50,388
»
low*- Ainm st....
63,229
iB.AGtNorth’n IthwkSept 14*,37l
113,063 2.432.485
tlnteroo. (Mex,)j Wk8 «pt .l 7
53 3 0
53,120 2 . 2 0 0 , 0
j o w c n » n t r a |. . . I t h w k S e p t '
0 3 .6 3 6
54.951 1.436,946

. !

729
L a te s t G ross E a r n in g s .

1898.

1897.

J a n . 1 to L a t e s t D a t e ,

1898.

1897.

$
$
Iron Rail w ay... August___
4,156
3,392
32,962
23.642
Jack. T. de K. M August .. .
24,849
19,60
242.43 <
205,092
13,291
Kanaw’a<fcMien IthwkSept
1 2 ,0 6 0
415,158
386,172
K.O.F.Scotti&.U. 3dwkSept.
78,52 .
95,269 3,374,283 3,3(«5,514
K.O.Mem.& Bir. 3dwk Sept.
21,513
20,8 =>3 1,006,745
807,545
Kan. C. N. W— August ..
21,179
34,702
22 >,660
2 a , 745
Kan. City A Om. 3 1wk Sept.
4,738
6,044
172.416
179,135
K. C. Pitts. & G . IthwkSept
93,977
70,217 2,417.757 1.600,122
Kan.C.Sub.Belt. IthwkSept
*27,633
*12,36"'
”383,307
*281,158
Keokuk&West.c 3dwk Sept.
11,969
14,837
397.706
407,254
96,' 0*5 2,562 4 .3 2,549,699
L. Erie (fc West. IthwkSept 103,311
Lehigh & Hud.. August___
32,829
242.923
33,023
234,170
Lehigh Val. RR. August___ 1,773,608 2.011,174 11 906.281 11.760,868
Leh. V. Coal C o.-A ugust__ 1,415.173,1,581,035 9,339,237 9,414,817
Lex’gton&East. July..........
18.720
124,522
16,716
121,527
Long IslaudRR. Septemb'r. 537,501 46 >,177 3,514,592 3,217,254
Long Is. System. Septemb’r
535,176 506,723 3,838,192 3,547.318
12.109
Los Ang. Term.. August___
13,309
61,615
64,477
Louis.Er.&St.L. IthwkSept
49,415
46,08 Z\ 1,139,053 1,052,617
15.185
Lou. H. &St. L .. IthwkSept
13,821
368,663
361,956
Louisv.&Nashv. IthwkSept 616,895 585,253 16,559,845 15,217,821
Maeon <feBirin.. August___
4,452
4,763
34,902
37,436
7,560
Maniatique....... 1August .. .
10,061
79.370
86,258
SMexJoan Cent.. IthwkSept 251,855! 269,433 9,722,358 9,389,316
MexicanInter'l. August . . . 281,491 234,747 2,215,474 2,017,5*>9
IMex. National IthwkSept 157,966, 146,821 4,518,396 4.426,613
41,352!
48,715
Mex.Northern.. May ........
228,793
271,749
IMexioan R'wav WkSept 17
7 5 ojo ;
69,000 2,940 400 2,667,500
Mexican So........3dwkSept.
5, 90
8.113
473,109
505,658
Mineral Range. Tune.........
15.743
13,386
Mlnneap.-fcSt.L. IthwkSept
63,744'
72,744 1,567,951 1,50 7,577
M.St.P.AS.St.M. IthwkSept 164,204 130,249 2.949,549 2,631,367
Mo. Kan. A Tex. IthwkSept 449.2 9 414.094 7,92 ,6o3! 7,971,550
Mo.Pac.ALronM AthwkSept 906,000 8 ■1.0-Jo 19,057,114 17,412.761
Central Br’oh. 4thwkSept
3J,00
41.000!
982,354
821,377
9 47.0)« >| 920,00- 20 039,468 18,234,138
Total............ IthwkSept
Mobile A Birrn.. 3dwk Sept.
8,300,
5,494
2*8,738,
210,515
Mobile A Ohio.. Septemb’r. 372,800 343,457 3,119,244 2,*32,037
Mont.AMex.G’f. August___
-----------11 V260 120,018 1.002,872;
916,907
Nash.(Jh. A St.L. August___ 525,9321 490,718 3,811,183, 3,521,096
NevadaCentral. August___
J.OT5
3,245
N. Y. C. A H. R..-August .. 3,978,837 4,240,879 2 9 .»49,477; 29,220.805
N. Y .O u t.& W .. jIthwkSept 108,815; 114,539 2,812 ■>22 2,918,8 78
N. Y.Susq. A W.-May . . . . .
18 5,850 181,922
863,250
826,663
Norfolk A West. IthwkSept 232,139! 228,881 8,256,794 8,001,291
North'n Ala.Ry. 3dwkSepL
3,342
4,356
Northes’uiGa.). July..........
4,313
4.286,
36.767
32,192
Northe’s’n(S.O.) Maroh ___
45,870
50,230
162,676
160,159
North’n Central. August
560,736 635,098 4,104,045 4,20 f,186
North’n
Paolllo.
3dwk Sept. 063,233 603,2 i7 16,253,092 12,954,242
/ Jh i a D •
m
l ■j. i. _ ■ . ,
Ohio
River........
! 4thwkSept
23,989
24,085!
701.875!
696,376
OhioRlv.ifeOhas. August
12,744
14,l7o|
128.040
112,050
Ohio R1v.& L.E . May.. .
1,901
2,800!
12,255
10,809
Ohio Southern..! August
5 4,172
418,121
57.933;
412,224
Ora. Kan. C. & E .2 d wk Moh.
11,533
14.246
158,552
114,754
Oreg.RR.ifegVav.i IthwkSept 1-0,832 181,397 5,062,545 3,677,598
Oreg. Sh. Line.. August ..
585,822 501,414 4,204,945 3,766.761
Pae. Coast Co. J July.........
420,237 380.382 3,151,880 1,988.977
Pacttlo Mall.......July............
471.595| 310,057 2,628,555! 2,619,179
Pennsylvania^.. A u gust../. 6,723,06115,358,961 42,248,667 40.928,867
PeonaDeo.<feEv. IthwkSept
25,512
23,298
65 »,*31
673,588
Petersburg....... July............
53,109
43,358
397.046
355,071
Plilla.
E rie...'July.......
369,516, 391,338 2,252,738 2,255,445
Phila. «fe Read... |August.. . . 1,909,540| 1,888,538 13,698,281 13,203,834
Coal
Ir. Co. August___ 1,859,538 2,128,096 12.542,452 13,269,506
Tot, both Go’s. August.. 3,569,078 4,010,634 26,240.733 26,473,340
Phil. R. A N. E. August___
50.274
58,142
409,940
403,165
PhlL Wllin. «&B, August___ 991,027 930,527 6,561,038 6,022,388
Pitts.C.O.&St.L, August___ 1,389,807 1,322,494 10,160,983 9,349,726
Pitts.List).& Wn August
3,791
29,419
2,570
28,056
Pitte.Bes.&L.E. IthwkSept
4 3.533
440.290
11, 49
989,279
Pitts. 2b Wes’u .. ithwKSept'
51,507
48,859 1,323,022 1,269.390
Pitta.Cl.dc ToL 4thwk3ept
30,564
2 6 ,1 0 /
802,246
635,653
Pitts. Pa. A F.;4thwkSept
12,999
11,544
2 ,6,74 4
257,804
Total system. 14th wkSept
95,069
86,510 2,416,0 12 2,174,227
Pittsb.Yo.2b A .. August
158,32 i 169,566 1,015,163
903,560
Rloh.Fr'fiaoA P. July.......
75,3)7
57,977
520,444
430,324
Rieh.& Petersb. .July
32.242
236,366
2 5,373
26,853
Rio Grande Jot. July
I ..
40.344
210,610
35,048
173,807
RioGrande So' d IthwkSept
345,096
12,625
270,572
9,069
Rlo Gr’de West. 3dwkSepL
64.900
68,600 2,289,428 1,951,530
8t. Jos. & Gr. I .. . 14th wkSept
818,012
25,1111
872,488
29,628
St. L.OliLASt.P.1A ugust....
218,406
31.900
189,754
24,804'
6t.L.Ken’etA So August
41,737
5,602
5,2651
36.3 ?3
8t.L.&SauFran. 4thwkSept 179, *8 ‘ 220,2771 4,948.977 4,615,733
8t.L. South west. 4thwkS pt 18 4,300 174,900 3,687,437 3,243,595
St.Paul 2b Dul.JA ugust....
971,502
159,93 5 138,570
916,930
San.Ant. 2bA. P |August___
172,845 203,750
544,355
83,318
89,931
San Frau.&N.P. IA u gust....
505,&8i
S. Fe Pres. A PhJ August___
542,420
5 2 ,0 0 0 i
61,009
463.198
Sav.Fla.A West. July.......... | 421,067| 255.404 2,482,380 1,990,108
Sher.8hrev.ASo. 4th wk Aug'
171,522
8,471
°8,659
" ern
163,308
Sil. Sprs. O. A G. July----160,153
14,909
27.713
115,498
Sllverton ........ July---J
6,054
1.400!
Sioux C. & Nor. July___
132,918
3 8 ,9 2 8
20,786
119,799
So. Haven AEast June . ..
12,454
2,535
3,100
10,788
So. Paolllo Co.
Gal.Har.AS.A July..........
393,682 340.702
Louis’a. West July..........
76,587
103,836
Morgan’sLAT. July..........
5 46,894 401,174
N.Y. T. A Mex July..........
24,344
25,373
Tex. AN. Orl. July..........
1 2 0 .0 7 4
160.428
Atl. Prop’tes.5 July.......... 1,247,499 983.703
So. Pao. of Cal. July.......... 1,091,362 1,360.317
8o.Pao.ofArlz. July..........
191,649 176.034
So.Pao.ofN.M July..........
94,385
108.480
Pacltlo system July.......... 2,969,330 3 . 2 9 9 , 5 0 6
Total of all../ August___ 4,845,374 4,889,190 36,621,703 31,79 ,612
Southern Ry, g . . 4thwkSept 680,551 011,325 16,296,314 14,541,308
19,219
17,312
StonyCl. AC.Mt. July..........
7,498
9,425
192,109
163.054
Texas Central.. 3d wkSept
10,b23
12,146
T exas* Pacific. 4thwkSept 248,860, 240,992 5,18 *.091 4,788 075
29 062
Tex. S.V.A N.W. August ..
21,281
3,127
4,6911
To i.& Ohio Cent. 4thwkiSept
48 859 1,338,935 1,168.167
44,950
666.416
7 2 40
Tol.P. * West.. 4 th wkSept
21,837
29,311
Tol.St. L. * K.C. IthwkSept
56,170 1,636.824 1,642,922
59,996
Union Pao. RR.. A ugm t___ 1,584.831 1,628,109 10.741,220 9,764,121
70,254 2,542,141 2.285,172
Un.P.Den.AG.. 2d wkSept.
74.512
Wabash............. 4 t-hwkSept 398,073 379,3 41 10,036,124 8,784,049
12,136
"8 751
97,618
9,221
Waco ANorthw June.........
W. JerseyASea’e August___ 453,250 444,041 1,871,8 83 1,805,943
774,102
95,029
749,295
101,075
W.V.Cen.APitts August .. .
38,587
185 352
182,233
31,074
^VostVa.A Pitts. June.........
312.792
350.061
42,138
40,853
Western of Ala. July..........
75.500 2,152 391 2 100,037
64.900
West. N.Y. APa. 3d wk Sept.
50.902 1.070.200
748,963
36.329
Wheel. A L. Erie 4th wkSept

THE CHRONICLI

7H>
Lmm*-** <

WUktwh. A Kat*f
f#XL OoA A Alig
WtMen*’ n On&i
f#rtghur.4iT^‘
Y
*v»-»*£swrf.
4 r 8 '" * *

Im«!#•• n ti*.

«»v \

f TMF«r If - i

1897.

l*V>S

•
S4.497
; April
!
'U w h
| m u .7 v \
Utbwk^pt 15**4'
0,6^7
a ti
. ♦**[
Annual . . .
6 ‘ KiJ

1898.

189 i

*
*
•
27,433
186,357
2oS.oW*i
56>X^145. 30 5,840,5431 3,28l.’f l i
6.09 ♦
51,789
5r.54l|
e.ii
4*i,io3
47,030

l a c l t t d © fr-*44tj* tin

U O u*

ft

flu m iD R *
MuUi n A

Irma farrlea, at**.., wH tfirwtt ecp-arateiy.
r Include* t)c«
AaaaaAOSty U*f ail pemwda.
tfifiMude* upcraliuns of thaChlo. Bar
tJujr.ou A Xortijcrw in b*»s
« ! delude* raiftlt* on i . T, * U
PA» liolf U>J -% ’ ‘ v H fV Ps**Tltt«? f%'Ul Atlantic %
liOtl Ho
UAL Kj .
f Include* the* Pacific ayntcu. the \ Mantle pro pert la* an*1
t%o Hi>a>M& A
O^uUmi tyofok ur Beginning July, earnlogs of
W««s»pbs# U:vi*K*u «u4 SliddlcA^arwaga est Aiken branche* are included
for b*:*ik y«*nk
* Urr- ut* 4 K a i
City A Independence A ir Lino are u n included

for aitfecr >rw.
f

-

' ie«apc**6 | Oht#

fa* bnUi year*. Hats Ohio

Valle* *»*1 rfeir^. » a»1V»u i for1898only. liecmlu on Yazoo Branch

* t elude*! a f t e r July I 1#J#
■21
contacy
I Oarer* rM-4ij4 of liuat directly operated eaat of Pittsburg.

1898.

1887.

; I n cr ea se.

s
S
AlAt'AM* Ot. Roathtrn.
41,977
44,c8r
37.32
42,369
S ns arbor . —
1 0 .6 2 »
AtlaoMr* Oanrllla----U.23C
jC*i • 4 OCi»9fUU»M
204,151
185,553
lift. 112
Ruff
A Pitts........
I06,*i?w
15 4,306
Borl. CVd. R«p V So.......
182.378
P.cino . . . . ..
757.000
764.000
Oentrml of Oe«rKi{i . . . .
163.941
158.975
Chic. Term. TrAuafcr
29.847
2 4.M76
A O hio....
2 m7.4<»s
318.29 J
C-4tfAK* A E**t. Ulnoi*
96.) 74
M7.3o7
( fel* 6 rf*I 5t e#r^ni,___
164,09 n
170.501
Clslt. Jr. 41*1 Tl# A i>uuUy
95,2 8
95,093
rbJc«ta Milw a 8 » .!'» "
1,2^3,204 1,030,374
fTcv. ix-frain a >4 bccVg
40,31ft
49.65.'
216,7 0
I>*BT«r a Kip Granule..
24^.4- 0
|r»!;tV. A indianapoilft
li,3s!
8.8BS
A Terre Haute
36.071
32«8«
PH.U03
Flint * iVr* M in im n *
81, 81
15,851
Ftkctrtfi 4 Rio Gr^odo
19 33:
Grand f-Uplde & IsdlMn»
010 8
.59,747
11,72*8
C?«3. Kiel. A Ft* ^ *yne
12,0-1
T iftG m C it y .......
1,177
1,085
Muik Or. Kap. Ac lad..
3,752
3,96
Triuk ............. . >
Cole 4 ury&d T oak ]
716,209
702,818
} e* OJ. M a m
^Ji
In^ntatlonal A Gt~ No..
14**37 i
113.063
54,9 a
03,636
law*
13*291
12.060
Kasawsa A MioiU,aa...
70,217
*Att.Otty PUtab. AGm
93.9 7
12,30'
27.033
K
h i -on B a n .....
96.<Ki0
Uir1* A Watters
lOi.Sl
L toUt F*an*T. A it. 1
49,415
44,0-2
X^oqU t. Hoad. 4 i*t. L..
18 821
15.10*
Doouniir a *Mhvili«
595.253
610.8V5
2H H hfaxiaan ( entral.. . . . . . . .
209,438
157*v 6C
M*xle»* National . ,
140,*21
6H.74
72,74 •
MlnnaapoH* A
!>♦*»•
194,201
130/249
«l»ii Hi. P. A 9 . Hta. M.J
♦49,2n9
4 1 ,0 4
Mo. 1Cana** A Taza* .
Mo. Pacific A frui. M i...
HHl.OU*
908,00b
33,00
A1.000
«>®tral Branch..........
® \ ' i{-Ur A w*»4ter 1 IUS,8S6
1 l«,53i
22*. >Ht
Norfolk At i%c#t*ro.
2*2,1 *9
24.00
23,9 H#
Or*»<n* ftK- A S » » ....... .
180,83,
181.6 »7
A
23. 9M
Poona f>ec. A ETan#T...
»••*. A !. Brt*___j
4 ,6 3 8
11.74#
ftUtbUil A
... ,
95,009
86,510
Rto Grande K c«iiu ra..,
9,06*
12,886
29,029
25,111
*U- Ja*c, h A Cld. blt&>i I
179,28 *
220,377
it.
A J**n Kr«n....,|
174,900
1***,3«>
8
a >&u»w#*#r-ar* I
■onrterf.
nj-.
j 686.55
011.345]
f U M 4 I’ aclhc. . . . .. l 2*t>,80h!
24
4I.UM'
» "HU, C*„tr*(
;
2 9.3 11
21,837
To',*4# Paorla A Watt"ti.
50,1701
UHjMttr'1
,
Pot ado St, I,. A KatttCSt*
39*.«y7 H
370.3 2 j
............... .
Whmsiific a bake Kr*n
30,329
5 .¥02
4t*/ontia f a n t f il ..
j 152.419
145.989
?'A *j ^62 *o*A
. j10,53 2.501
Nat law w w 0'i4 u o~» i

9.051,550
►
......... 'I

D ecrea s e.
$

__r. __
613

7,000

4,00*5
4.97!
30,891
1,133
0,405
if
192,830

...

9,338

32.70

2.5 -4
3,182

16.88
3,41C
1,312

353
92
______

20
13,39i
S'1.308,686
1/23
23 760
15,288
7,3 ■/»
3,333

11,145
3 f,9S6
3 A/2pft
25,0 a.
2,000
3,250b
2,244
30 7-u
8.55U
3,5:>0
4,517
...
0,4.4
75.32*1
7,8 4
7,47*
3*8 l»
18.75^
#,48 2
702.57oj
831,0' !

.

3,616
14,533
4,000

5.724
1,0 5

40988

3,009

14 573
111.580
....

P»r«ie third week o' September our dual statement covers
81 mad* and show* ?»‘l ,,.'f cent lnnr.at.~e In the a legato
O'er ih« (write week Iwtjreer,
ad w e e k o f F npirm her. j

1808

1807

•
p -»»iot)*. \ rap’d i7l *4* i i,H5*J P45 *,20> 35i *.?f'i
i .075
4 1,-85
1
Dslwti n«» ej ora a A t,,.!|
71,14*7
4tt,7zto
F m an* / Pen an ** ,
31 77
32.484
H Worth * D «»rrr( Uj
6.**44
4,7X6
Cisy A U k G ,
ll.UMV
1 4.^3
iCaoiui A * < « ; re
KM* 09
9,^1 H
Or UP A it. .!>.
0*»,703
103.705
Meiifati ^ o h e a z L * ...,.
5 7h:
8,* I
ttowtbrra. ,*.***.#i
5. *9*
«,300!
a»«Mle A Bir»af* Tbain... j
10,823
12.1
23*«2<>
22.159
To tm ? y*e- »*- A
a
> » a F(*oo*yb
04,00 )
75.fKK
8

TwtaJ
roada]
I f - - '" '-------- 7- 1 JfcAjJ

e .M o .u -

8,671,400

In rrm tr

♦ilbj.334
3.6*7
0»H4l
30,7)6
*.*» -5014
•»•**..* ]
7,1*00!
1,323
1 AG1
** — j
7 4 9 JO12.

320.2! 9i

M on th o f S e p te m b e r .

1898.

1897.

X h c r fA tf.

a
08 844

707
1.398
2.868
4,353
2,323

10,000
120,803

|In crea se.

P e r O en t,

$
$
lru»n curalni:* (78 rend*) 35,825,157 33,077,9551 1,847,202
4

5-44

It will os seea t hat there is a gain oa the roads reporting in
the am ount o f $ 1,847,202, or 5-44 per cent.

Net Knrnlagg Monthly to Latest Dates.—The table follow ug shows the gross and net earnings of S t e a m railroads
eported this week. A full detailed statement, including a ll
roada from whiob monthly returns can be obtained, is given
moe a m onth in these columns, and the latest statement of
his bind will be found in the CttaON’ ict,E of September 24,
189?. L’be next will appear in the issue o f October 23, 1898.
------ G rata B t i m i n g s . — .
1898.
1897.

*
2,70;
5.045
___ .. .
18 5w
10.9 7
30,072

31,612

For the month o f Septem ber 7 8 roads (all that have fu r­
nisher) statements for the fu ll month as yet) show aggregate
results as follow s :

R ood*.

iattMl tiro** B*rala<»i b f <¥ •«*« — the latest weekly earnngs In the foregoing are separately summed up as follows:
Forth* fourth wsitkof September our preliminary statement
#OT»r» 6J rowds, and show* 0 8t per oent increase in the
segregate JTer t >e same week last year.
4 1 A t#</4 o f &tp4e m b e r

[V ol . LX-VIi

$

$

t fc l E a r n i n g s . -

1893,

1897.

$

$

Cant. of N. Jeraoy.a. Aug. 1,148,089 1,274,709
507,210
591,612
Jan. 1 to AUfc. 3 1 .... 7,923.530 8,040.740 2,976.305 2,959.004
Chattan’ga South’ u.July
5,953
6,337
32 L
d o f.5ia
Jau l to July 31 . . .
40,162
42.964
dof.4 J
2,071
Chic, R U lA P aa.a.A u *. 2,133,731 2,017,168
989,470
911,696
Apr. 1 to A uk. 31 . . . 8,764.880 7,603,596 2,956,779 2,590,331
Choctaw OkJ. 4c G .b . A uk.
138.903
103,624
45.834
39,372
J aq. I lo Auc. 3 1 . . . 99.3,995
688,626
330,112
180,960
N o y .lto 4 uk* 3 1 .... 1,318,199
950.847
463,119
273.432
Cl«T.01n.C.dc8t.L.«t.Aug. 1,309,650 1,250,008
296,971
363,495
J n u . 1 to A uk. 3 1 .... 9,354,955 8,777.3 55 2,323,688 2,124,340
July 1 to Aug. 3 1 .... 2,455,703 2.349,00#
669,326
550,035
Peoria A Eaat'n.a. Aug.
162,501
175,327
42.342
49,424
Jan. 1 to Aug. 3 1 .. .. 1,215,697 1,101.227
274,891
232,029
July 1 to Aug. 3 1 .. ..
234.888
305,50 L
6L.490
69,058
Detroit Ciry Gas ...June
..................................
13,165
6,962
Mar. 1 to June 3 0 ........................
............
88,505
72,153
Crie.u....................... Aug. 2,978.007 3,181,79 2
953,00 !
963,165
Jan. 1 to Ausr. 31....21 ,0 48 ,0 0 1 20,923,794 4.837.749 5,1 i0 .329
July 1 10 Aug. 3 1 ---- *.548.103 6,032,686 1,650,592 1.761,350
Findlay Ft.W. v W.b.July
9.202
6,104
3,310 def.3,514
Apr. 1 to July 31 . . .
29,754
24,701
5,842 def 6,049
’ Iowa Central.b.......Aug.
194,643
161,130
68,208
58/138
Jan. 1 to Aug. 3 1 .... 1,227,534 1.046,967
330,691
31 ,246
July 1 to Aug. 31----329.929
295,551
76,271
103.692
<anawlia tfe Mloh.b.AUK.
52,331
49,481
16,405
12.571
Jan. 1 to Aug. 3 1 ....
366,928
346,539
91.303
85,618
July 3 to Aug. 3 1 .—.
98.351
102,902
27.781
23,756
Laclede Ga»-L. o ..8 pt................. ..
........
64,534
58,884
Jan. 1 to 8 opt 3i>___
.... ....
______ _
645,73 3
577.540
56 <.571
oulfiv. A Naahv.b.Aug. 1,966.746 1,778,101
594,266
Jan. 1 to Aug. 31 ...14,617.250 13,352,9-43 4.341.832 4 .2 1 1,817
J u ly ! to Aug. 31 .. . 8,694,413 3,573,560 1,0 77.29 7 1.221,983
M sioan Central... Aug. 1,075,479 1,004,965
265,395
170,545
Jan. 1 to Aug. 3 1 . . . 8,838,308 8,526,334 2,733,532 2,6 <5,3 71
23-4,747
Mex. International.Aug.
281,491
77,661
122,258
Jan. 1 to Aug. 3 1 .... 2,215.474 2,017,559
868,865
760,745
uexloan National..Aug.
500,799
500,136 <-•236,548 C25S.282
Jan. 1 to Aug. 3 1 ..., 4,045,226 3,988,087 c l ,832,340 c l ,944,284
Mexican Telephone. Aug.
12,336
10,522
6,033
4,5 19
Jan. 1 to Aug. 3L---90,780
84,034
34,410
29,001
Mar. 1 to Aug. 31___
68,755
63,162
26,485
24,3*6
* .8 t . P .A 8 .S . M....AUK*
311,238
315,073
139,673
121,729
Jan. 1 to Aug. 31— . 2,460,609 2,237,792 1,030,391
847,988
July 1 to Aug. 3 1 ....
634,213
644,500
237,031
261,705
Norfolk A West’n.a . Aug.
945,227 l,0 U ,5 7 l
348.036
310,518
Jan. 1 to Aug. 3 1 ,... 7,274,465 7,024.081 2,044.3 72 1,932.781
July 1 to Aug. 3 1 .. .. 1,810,499 1,903,980
578,635
613,
Oregon Short Line.n Vug.
585,822
501,414
270,812
175,53 3
.fan, 1 to AUK. 31___ 4,204,948 3,766,761 1,903,53 L 1,65 *>,506
July 1 to AUK. 3 1 .... 1,151,495 1,060,75 6
541. 37
43^,101
Peoria Deo. A Ev, b.Jime
61,940
65,903 def. 1,965
6.8S0
Jau. 1 to Juno 30 . . .
410,9 41
425.125
65,015
80,311
Pklla.Wllm.& Balt, b Aug.
991,027
930,527
385,826
400,326
Jan. 1 to Aug. 31__ _ 6,561,088 6,022,388 1,744,253 1,538,653
Not. I to Aug. 3 1 . . . 8,030,050 7,370,459 2,140,852 1,878 153
Rio Grande We«t.b. Aug.
272,963
284,938
86,306
101,034
Jan. 1 to Aug. 3 1 .... 2,106,828 1,705.730
772,7 i9
684, n20
July 1 to Aug. 3 1 ....
544,770
591,735
172,964
241.100
8t. Jo*. AGO. t*l..a.AUg.
114,083
121,446
31,005
54,932
Jan. 1 to Aug 3 1 ---767.888
708,947
209,411
194.495
July 1 to Aug 3 1 ....
195,031
205,824
43,321
80.024
8aa Ant.A Aran.Pb. Aug.
172,845
203,756
54,591
79,561
July 1 to Aug. 3 1 ....
294.128
343.63L
60,056
97,275
Southern Pacltle..b Aug. 4,845,374 4,819,190 1,830.426 2,107,554
J*n. 1 to Aug. « i . ...3 6 , 21,763 31,790,M 2 12,572,022 10,678,005
July 1 to Aug. 31---- 9,311,944 9,411.39# 3,4L7;3<7 3,921,28 L
Toledo A Ohio Can b Aug.
170,593
108,107
59,070
23.856
Ian. 1 to Auc. 3 1 ....
1,194,455 1,049,662
354,4 2
284,084
July 1 to Aug. 3 1 ....
321,263
223,981
99,661
50,356
Dn P. D. A GnLf b..Aug.
296,678
265,223
84 707
21,887
Jan. 1 to Aug. 3 1 ....
2, je6,957 2,133,471
717,006
462,973
If J#rs*)T
453,250
444,641
233,401
230,636
Jan. I to Aug. 3 1 ----- 1,871,883
1,805,943 549,456
520.717
We*t„N.Y.AP*nn.b- Aug.
301,356
314,471
101.U 9
1,43,557
Jan. 1 to Aug. 31 . . .
1,957.791 1,876.337 555,725
5<SL. <69
July 1 to AUg. 3 1 ....
558,077
592,093
190,319
241,742
a Set warnings Acre gtran arc after deducting tare®,
t. Net earnincs here riroo are before deduotiuff tax^s,
c Deductingotherexi>eudttura« for repairs, replau-**ri nit 1 a iu gentr ,i
exix'nR^H, net inconn* applJcablo to interest an bonds In August wxs
?1 1 O,4 0 h, again*! # 19,?43 last rear, and for January 1 to August 31
£757,729, against $994,1<4. This Is the result in Mexloan dollars
treated (aco^r llng to the ootnpauy’R met&od of keeping its aocouats)
a.* t'^ulTalent to 80 coni« In tJultod Btatos tnouey—that ts, deorecatioti beyond 2 0 p«r oent has dready ncen allowed for.
Corrcoied ntateinotit furnished by oocapans’ .

, Interest Cliarges and Snrplas.—The following roads in
addition mi their groH~ and net e-uningts given in the fore­
going, also report charges for interest, &o., with the surplus
or deficit above oi below those ohargea.

THE

October 8, 1898.]

CHRONICLE

----- In i., R enta ls, do. — . —B a l. o f H e tJSam’ g t __
1897.
1898.
1898.
1897
*
«
$
342,500
322,852
646,613
569 196
Ctiio R. Isl. <fcPao...AUtf.
877,827
Apr. 1 to Aug. 3 1 .... 1,614.259 1,712,504 1,342,52 3
19,000
20.000
25,834
203.372
Olioo. Okla. A G iiif.. Aug.
190,000
193,000
270.119
83 432
Nov. 1 to Aug. 31 —
240,086
240,274
123.410
56 9 9 7
Olev Cin. Ch, & St. L. Aug.
478,799
190,907
478,419
71 236
Ju ly 1 to Aug. 31----36,802
36,802
5,540
12,622
Peoria .V Eastern-Aug.
73,603
73,603 df.12,113 def.4,545
July 1 to Aug. 31----11,455
10,826
5,579
1,11 6
Kanawha & M ich ...A ug.
22,890
6.210
2 l,o 7 1
6.866
July 1 to Aug. 31 . . .
*19,140*
40,229
37,884
def.13.702
Toledo <Ss O. C ent....A ug.
80,063
78,358
*20,657 *df.2l,4S6
Ju ly 1 to Aug. 31----* A lter allowing lor other inoom e received.

731

A N N U A L R EP OR T S.

R oad s

STREET RAILWATS AXO TRACTION COMPANIES
The following table shows the g r » s s earnings for the latest
period of all s t r e e t railways from whioh we are able to ob­
tain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads—that is, the
first two oolnmns of figures give the gross earnings for the
latest week or month, and the last two oolumns the earnings
or the calendar year from January 1 to and including suoh
latest week or month.
STREET RAILW AYS

Latest Gross E a rn in g s.

G r o *»
E

a r n in g s

AND T-4A0T10.V COMPANIES

.

Week o r Mo

1898.

1897.

Jan. 1 to Latest Date

1898.

1897.

$
$
S
9
62,984
67.466
Akrou B edf’d <fe Clcv; A u g u st.... 11.955 12,591
Albany R ailw ay........ August___ 57,404 55,423 417.295! 382.207
5,(»96
30,552
5,451
27,5*7
Amsterdam St. Ry. J u ly ..........
9.299
66,702
9.016
59.084
Atlanta Railway ... A ugust___
Baltimore Con. R y .'... A u g u st.... 220,352 223.870,1,563,534 1,537 653
1,932
1,721
7,541
7,013
Bath St. Ry. (Maine). M ay...........
8.254
7,656
56,577
54,33"
Bay Cities Consol .. . August___
99,735
Binghamton 8t. R y ... August___ 18.774 16,957 10 *.325
Bridgeport Traction August___ 37,410 3 1,301; 237.315 2 . 2 . 10
Brockton Con. St. R y Aagust___ 37,218 37.453) 2 3 ’ ,63222,027
Brooklyn E le ra tcd .. August___ 141,910 122,180^,036,708 1,104.98 L
Sr’ klyn Rap. Tr. C o .Brooklyn Heights /
534,941 460,837,4.537,639 4,008,755
B 'klyoQ ’ n s A S u M S0l>teinl3r'
14,819 14.348 116.491
Charleston City R y ..lA u v u s t...
9,565
Gin. & Miami Val.. .. August . 13,309
79,902 63,031 315.395 283,6 20
Citizens’ St.Ry..Indp. A pril . . . .
Cltlz ns’ (Mancie Ind.) M ay..........
5,671
5,327
2 6 ,7 4 '
22,872
2.159
:/lty Elec. (Rome.Ga.) A u gu st...
2,295
15/>94
15,319
Cleveland E leotrio-.. August— 148,150 14 *,815 1,119,2 h 1,063,711
Cleve. Painsv. A E. A u g u st.... 11,812
9,597
69,1454 ,9-5
Colnmbus 8t. Ry. (O.) A u g u st.... 58.349 52,366 440.507 383,765
Consoll’d Trao. (N. J.) A p r i l ....... 252,2 4 238,813 965,24o
883,540
Danv. Gas El. Light A
8,138
Street R y ............... J u n e .........
8,206
53,00*
50,831
6,364
Dayton & West Trac. Ju ly ...........
Denver Con. Traui w.. Augu-t ... 67,570 62,567 488)822 409,425
Detroit Citi’ ns’ St.Ry A ugust.... 1109,932 104.082 775,05 »■ 721,818
30,841 259,20*
Detroit Elec. R y........ August — I 31.16
264,99 •
a ----- 20.720 L7.830 137.057
Duluth 8t. Ry........... jAugust
127,180
Erie Elec. M otor....... J une ......... 12,212 12,736
63,283
63,67t
Ft. Wayne A Belle
112,267
Island (D etroit)___ August____ 16.57 21 16,225 120,203
Harrisburg Traction A ugu st—
31.050 24 007 177,111
149,401
Herkimer Mohawk II
ion a F’ kfort El. Ry. A u gu st.. . .
20,522
3,33 i
2.906
26,5 U
Houston Elec. St. Ry. A ugust___ 19,93 71 16,801 127,. 93 123,573
Interstate Consol, oi
North Attleboro ... March. . .. 10,297
27,-O'.
26,843
9,523
Kingston City Ry. . . A ugu st___
8.748
5.607
47.415
30,001
Lehigh Traction . . . . A ugust___
63,12 7
9,451 11,470
71,263
Lo well Law. A H a v .. A ugu st___ 54,864 51,645 310,900 295,04
Metrop.(Kansas C ity/,4thwkSopt 55,6^9 46.794 1,511,430
Metro. W. Side (Chic.. August___ 9 4,419 61,07i
791,807
Montgomery St. Ry .YUy.
5,500
21,582
5,478
22,738
Montreal Street Ry. Septemb’r 136.765 120,135 1,119, 04 1,02 *,0*’5
4 ,6 2 .
4,724
34,501
Muscatine St. R y.......A ugust. . . .
30.89
Nassau Elec. (B’klyu, jSepterab’r. 29o,50' 181.614 1,674,-61 1,47 ,233
Newburg St. R y........ August____ 11.314 11 650
56.338
57,889
9.549
New London St. R y . August___
9,269
New O rleansTractior;August___ L07.181 106,959 89 V,69*
865,591
Norfolk St. Ry........... August____ 18,58* 14.5 73 115,539'
98.420
North Chit. St. Ry . Septemb’ r. 250,890 250,571 2,180.359 2,090,224
North Shore Traction IA ugust___ 130,742 1 7 7 , 3 9 1,003.37b 969,34»
Ogdensbarg St. R y.. August___
2.36 d 2,437
12,4 2
12,798
Paterson R y......... . A ugust___ 30,519 33,336 245/149 225.594
Richmond T ra ction .. {August___ 13,139 14.809
86.71 »
90 .23/
Roxh’hCh.H .A Nor’ r» August
13,506 12,714
7 3 .40'
57,918
Schuylkill Val. Trac. A ugu st... .
".2
2
4
42,522
39.S67
7,278
Soranton Sc Carbond’t A ugu st---3,802
3,231
2 <,25 4
8oranton A Pittstou August . . .
5,949
40.179
0.407
Scranton Railway__ A ugust___ 2 4,2 2 35.169 247.551 231.207
Syracuse Rap. Tr. Ry. August .. 31,000 30.6 5 299,251
279,850
Toronto R y ................. Septemb’r. 138,02 113,6724
... _
Twin City Rap. Tran. A ugust___ 180, U 5 172,933 1,388,253 l,2*»V,bVi
Union (N. Bedford). A ugust___ 22,7 dO ‘2 l , 4' 9' s 129.110 146,537
United Pract. (Pitts.) A ugust___ 13 089 122.597 1,000,76;
United Tract. (Prov.> A ugust___ 177,0*4, 164,743 1,103,03 1,137.16 *>
Unit. Trao. (Reading) Septemb’r. 18.245 17,37-.- 156,/87
152.1 77
Wakefield A Stene.... Augu it
35.972
3,527
3,
24,431
Waterbary T r a c t i o n ....................
26,311 23.3 *2 18 ',714 165.5 52
August
West Chicago 8t. Ry Septemb’ r. 155,012 349,4 -712,945,620 2,367,3
Wheeling R ailw ay... July ......... 17,962 15,865 1«>3,6L4
92.406
WHkeab.A Wy.Vailej A u gu st.. .. 46.15 ( 43,4091 3 2i,42
815,6t4

* Includes Baltimore Traction and Oitv A Subarban for both year*

Street Railway Net Earnings.— The following table gives
the returns of S t r e e t railway gross and net earnings r e c e iv e d
this week. In reporting these net earnings for the street rail­
ways, we adopt the same plan as that for the steam roads —
that is, we print each week all the returns received that
week, but once a month (on the third or the fourth Saturday)
we bring together all the roads furnishing returns, and the
latest statement of this kind will be fou n d in the C h r o n icl e
of September 24, 1898. The next will appear in the issue of
October 22, 1898.
-— Gross E a rn in g s. -----*,----- N et E a rn in g s. ---1898.
1897.
1898.
1897
Roads.
$
$
$
City Eleo.<K.rne,Oai Au*.
2,159
2,295
249
653
Jan. 1 t . Aug. 3 1 ....
15,914
15,319
2,413
3,845

Anuual R eports.— The usual index is omitted this week
but that published in the C h r o n i c l e of Sept. 24 covers all re­
ports published to Sept. 17, inclusive.
U nion Pacific Railroad.
( R e p o r t f o r S i x M o n th s e n d in g J u n e SO, 1 8 9 8 . J

The first report of this company appaired this week and
will be printed in the next issue of the C h r o n i c l e . The in ­
come account, as given iu th 9 report, h a s already been pub­
lished and will be fount on page 631 of the issue for Sept.
24, 1898.— V . 67, p. 631, 635.
Lou isville & N ash ville R ailroad.
( R e p y r V J o r th e y e a r e n d in g J u n e 8 0 , 1 8 9 8 .J

The annual report of the Board of Directors (Mr. August
Belmont, Chairman, and Mr. M. H. Smith, President), will
be found in full on pages 738 to 746 of the C h r o n ic l e , with
many valuable tables.
The statistics for four years have been fully compiled for
the C h r o n i c l e as below:
ROAD AND OPERATION*.

A t . miles oper.
E qu ip m en t —
L ocom otives-..
Passenger oars.
Fr’g’t,A c , oars.

1897-8.
2,988

1896-7.
2,981

1895-6.
2,965

1894-5.
2,956

561
418
21,991

549
439
19,126

514
438
20,313

540
43S
19,669

O p era tion s—

Pass, carried...
5.208,588
5,115,190
5,455.749
5,095,574
Pass. oar. I r a .. 207,903,873 186,851,997 209,967,678 185,649,064
Rate per pas’g'r
per m ile.........
2 1 5 cts.
2*25 cts.
2*18 cts.
2*31 cts.
F’gt (tons) car*.
12,309,731
11,391,942 11,856,552
10,630,749
Freight (tons)
car’d 1 mile*.2011,367,580 1737,230,703 1674,658,419 1523,712,676
Rate per ton
per m ile.........
0*750 ots.
0*805 ots.
0*819 cts.
0*846 cts.
*Not including com p an y’s freight.
EARNINGS AND EXPENSES.

1896-7.

1895-6.

18 ^7-8.
$
15,854,802
4,557,729
702,141
421,5*8
4 0,393

14,641,263
4,‘2 1,735
69^,264
4*26,002
314,043

14,3*24,906
4,660,751
651 o v l
426.185
319,280

Tot.gros8 earns
Oper. ex p en .—
Transportation
Main, of equip.
Main.of way.Ac
General.............

21,396,653

20,372.307

20 ,390 ,711

19,275,994

7.005,746
2,384,144
3,354.767
1,10 *,560

6,319,224
*2,2 ’ 0,747
2,519,055
2.396,179

5,968,2 2
2,059.827
2,117,809
2,1 2.,9 05

Oi».exp.,exc.tax
Net earnings...
Per cent of exp
to earning*...

L4,921,730
7,074,923

13,849,217
6,523,090

13,505,206
6,885,505

12,277,773
6,998,221

67*84

67-98

E a rn s, fr o m —

Freight -..........
Passeneers.......
M ails..................
E xpress...........
Miscellaneous..

7,555,951
x .0> 2,l79
3,103,1**6
1,130,43 <

$

$

66*23

1694-5.
$
13,537,099
4,370,154
639,134

409,874
319,727

63 69

INOOME ACCOUNT.
R e c e ip ts —
Net earn in gs...
Inc. from invs.,
rents, & c.......

Total in o ...
D is b u r s e m e n ts

T a x e s ................
I n t e r e s t ..........
Rents.................
Georg. RR.loss.
Oth. roads, loss
Sink, fund (net)
To 8. A N. A . ..
M iscellaneous.

1897-8.
$
7,074,923

**1896-7.
$
6,523,090

1895-6.
$
6,885,505

1894 5.
*
6,998,221

590,770

427,064

434,373

7,635,099

6,950,154

7,319,877

363,273
*
7 ,3 6 1 ,4 9 1

640.249
4,815,998 )
l .i e .i l U j
162,620
12,480
162,007
56,472
26,375

589,516
4.981,933
25,440
49,975
194,663
108,440
20,947

579,961
4,983,096
37,870
89,989
180,547
50,183
14,727

569,326
5,013,738
108,264
90,025
175,000
697,669
6,887

5,942,373
6,660,909
1,377,504
700,585
GENERAL BALANCE SHEET JUNE 30.
1896.
1895.
1897.
1898.
$
$
$
A ssets—
$
110,921,010 110,483,393 106,604,118 106,344,038
Road, equip., etc.
912,430
1,180,600
1,185,235
Timber, quar.L’da,Ac. 1,069,726
1,521,412
1.639,312
1,013,18/
Stocks ow n ed..........
1,631,5*0
4,568,251
Bonds ow n ed ..........
7 705.03 J 13,705,176 13,762,872
17,085,5.34 21,837,166
Stks. & bds. in tru st. §37,9 <5,534 21,035,50
2*472,043
3,273,5
.7
3,268,860
Bills A a eots.reoeiv . 3,003,0 <8
1,444,116
1,635,835
1,408,058
Material, fuel, e t c .. 1,738 115
399,6 43
770,528
537,356
Cash on h a n d ......... 3,057,660
So. A No. A. accts.
98,0 24
1,017,93
i
1,041,2*3*6
1,053/268
Nash. A D. advances 1,083.120
313,934
64,349
139.011
Advanoes to other*.
248,021
896,918
1
,
010,000
1,053,654
Sinking funds, e t c ..
1,177,116
Mob. AM on.bds.acct
1,100,237
2,200*,000
2, 200,000 2,200,000
Unlisted cap. stock. 2,200 000
320,585
062,797
804,750
Unfund. diset. acot. 1,340,875

Total disbars.
Bal. surplus----

6,032,795
1,832,904

5,970,974
979,180

Total assets....... 17 4,309,701 158,640,141 150,673,191 144,248,473
------ 55,000.000 55,000,000 5 5 / 00,000
StOOtt.........................55.000,000

Bonded d e b t ............110,309,060 93,520,000 80,724,600 84,158,060
3 ,0 31.6 -8
4 7,331
825,000
Bills payable...................................26,569
1,809,442
904,499
111,588/201 A1,583,407
Interest .......
47,029
47,665
47,86'*
48,054
Dividends
916,415
002,558
199,0 <1
499.658
Individuals A c o ’s ..
1,705,793
1,594,546
1,389,032
1,4^8,038
Pay-rolls, vouch.,&c.
575,425
5 8 0 ,3 )2
638,347
Def. equip.,ren’l,A c.
1.768,992
Reserve rund............
2,896,239
Mob. A Mon. R R .. .
716/218
1,498,65 0
2,-40*301
2,690/251
Profit and loss........
T o ta l lia b ilitie s..1 7 4 ,3 0 9 ,7 0 1 15 <,616,141 1 5 0 ,6 7 3 ,1 9 1 1 4 4 ,2 4 8 ,4 7 3

t Includes $2,200,000 unlisted in com pany’s treasury.
§ Less bonds and stocks of those road i whose oost has been added to
“ oost of road ”
_ „
. .
* ,
~^ i
IF Includes “ Interest aocrued, not duo, not charged in 1893 and
1 8 9 4 ,-Y . 67, p. 578.

THE

732

CHRONICLE

N ukTltld Cfcittauoog® * SI. Loo Is Railway.
f R ep ort f ,r the y< ir en tin Q J u n e S9% 1898. J
Tho remark# of P m ideat J, W . Thomas will be found on
jK ^ -i Tl6 to 7 48.
The
i or four y viiti coropitai for tbd C hronicle
in tbo uiaal form, ar* &» follows ;

MBe* op#rr'4 Jus* 30
JSj ■■ipiusosl—
¥<•* . . . . . . . .

I’ **w>iwrr wu-» ,,.,
ear*............

Other M f» .............
t)-penU K’ f, # .
Pa,-asiMpftf* v-arri$4.

or&SATioxtL
1908 7 .
1907-4
1997-8*
005
001
190
159
V> U
17

100
155
4.500
10

IS95-0.
908

1894-5.

165
150
4J5 0
It

163
150
4,108

902

8

016.64)1
-2*0.255
1*090*031
1,091,333
Pku.<ant«t 1 m(i«. li.0 3 t.7 0 3 43.109,431 56,8.2.086 36.595.756
2*58 ots.
Rat* ;v>? pa*« ...f .n i 00 i i l l .
2 12 of*.
i l l ots.
2,746.840
3,130.907
Rml#*)) tou. I t'jr'il. 1.351,901
................
.
2.97 *.948
Frakttt (*•)*»> ( IU 153.M S.it5 385.ta7.G0a 391 011,743 354.158,901
0*93 CM.
Ran- jwr too per mile 0 91 els.
0 .0
a.
0 91 ola.
KAttStSOS A*£> KXW.XSKS.

I’jULUr'TlKt’i
......
Prwisbi....... ..
M&U. exp *reat4*,«ftc.

1807-8.
8
1*35**987
3,010,585
374,097

1896-7.
«
1.077,423
3 /6 6 ,7 4 0
371,056

1895-6.
$
1.229,653
3.481,387
363.585

1894-5.
$
965,435
3,379,709
363.358

Total k.-om- rams.

5.046 519

5,116,119

5,074,625

4,603,502

Matetca. of way___
Main of feqoipmettt.
QoDtloctlo^ 0r»ti*p'n
Ottnerai........ .

753,621
438,375
2,2 ^3,^03
178,425

619,550
:-5 *,MS-4
2,081,023
161,114

620,0*8
35 >.445
2,026,327
158,4 0

449,639
.13.388
1,801,0 4
159,241

Total efpeawtf,.
.1 el eamiBir*....... .
P. •. of ex. to earns..

3.863,824
1,982.725
84*88
ncooME
1897-9S.
$
1,982.725

3,201,671
1,911,448
62*63
ACCOUNT.
1898-97.
8
1.911,448

3,184,330
1,910.375
62*35

2,726,360
1,882,142
59*16

1895-96.
$
1,910,275
41,002

1894-95.
8
1,882,'12
18,4.24

1,9*2,725

1,911,443

1,951,277

1,900,566

<170,030
132.157
400,000

062,780
125.640
400,000

959.295
119,175
400,000

420.012

420.012

420,012

952,645
324,780
400.000
21,85)
420,012

S c r ip ts Net earnioR's....... .
invcstxueuis — . . . .

Total Income...
I> u b u r t e m e n U —

Interest. . . . . . . . . ___
T axes.......................
Di fide oils ..............
Improvement* . . . .
Rental W .fc AtL ER.

Total dlsborara's 1,932.199
1.908.432
1,8)8,-482
3,010
Balance, sarpln*....
60,526
52,795
QKXERAI. BALASOB »>IBBrfjE!SE 30.
A s sets—

1898.

1867.

$

$

1,9L9,296
dcf.18,730
1896.
$

B»a*l an4 equipment..................... .28,291,182 25,772.633 25,257,87-1
Malarial* and supplies..................
336,012
283.375
299.394
1,682 017
Shirks an*! b ond#....,.__ . . . . . . . . . 1,26 -*,<05
1,168,125
8U1-ro»»!*r»ble................
R e a lea la t*.......................................
Du* Horn A*jot,t« mud others...........
Cash on h a a d ,,..... . . . . . . . . . . . . . . . .

28,065
159,205
012.031

815,238

*9.212
133.011
5-5.938

535,756

■17,111
127,513
535,962
565,956

Total.............................................29,355,608 28.578,30 1 28,195,717
L ia b ilitie s —
Capon! .l.i- l ...........
10,000.000 10,000,000 10.000,000
Bonded debt....................
15,9*6,000 15,3 7,000 14,917,000
BUI* parable.....................
1,501,512
1,233,210
1,260.480
InUr.-at....................................
111716
406 768
3 .7 ,-3 1
IJlrldand*...........................................
11**2599
110,13)
11 ,850
Bar roll*, e t c . . . . ...............................
2 -7 .-5 1
306,771
250,119
M l»n*U an»«u»...................................
0 .253
74,015
45,8-0
Pros* and l o t a ........................
160,674
1,03),075
1,505,451

T o ta l...................... ........ ........ 29,355,008 23,578,309 28,495,717

—V. 67, p. 223

Mew York Mew Karen & Hartford R R . Company.
( R e p o rt f o r the y ea r en d in g J u n e SO, 1898, J
President Chari-# P. Clark says in substance:
S o M oa tin g Debt, E tc .— Thor* is no floating debt, and no
charge to constriction except for purchase* of real estate,
amoaoung to #133,951. The charges m i le to operating ex­
penses to m*«*t general depreciation aggregate $1.116,816 viz,*.
Tiirwe huadr*7il 30 ton coni oar*. $103,99 4i ten freight looomotivo.9,

Jl

112; pAfHinuU* on iter "IDt of t\VO iU$(4 and COwl of OHO CAT llOftt,

IJ. pyjor. r tUlinn, Stanford, £75,101; power station, Borllll,
• c .'m : *
I'V.'mri.in.l Now Bri t:\Iu !»ranches,
$ i7.7l3, t i e w a.-Mj i*i tra^te, Nowr Brital 1 6 ranch, #34,000; Dedham &
tlfu# Paris
ifl5ii93S> q(c*, «tc.

M e r g e r . -T o * tl m i* tonic lift . extending from Bridgeport
to the M**s,-»clin*et» -State liu*\ and branches. 00 mile*, his been
merged as p»r certificate filed March 23, 1898. Its mortgage
debt of $3,0»0,(KW became an obligation of this company, and
its cost of improvement* became part of our own construc­
tion account.' On July 9, 194)8, the Shaping Litchfield &
Northern RR. Co,. 35*51 miles, was merged, m ating the
sixth road m*rged under the A c t approved Jane H , 1899.
On the first day of Juljr this company « - “nme*l direct rnaoa vem -n to f the New Eogtaml R R ., the Shepiug Litchfield &
Northern R R ., and niso of the Norwich & New York I’rana
portali m Co., the Old Colony Steamboat Co. and the Ptovideoaa & Stoniogtoa S tM O iU p Co. The earning# of these
properties will hereafter ho included in our return*. On the
basis of last year ottf earnings will aggregate ItO.OOOjUX).
A’eiz> E ngland H R. L eeu e. —Agreeable with the circular of
May 10th, a lease of the Now England RR. was unanimously
approved by the stockholders, and took off set on July 1,1898,
S tock Sept. 1. 189S.— The capital atock on the 30th day o f
June »r** 476 332 share -, an fn**r->a«s of 210 share*. To Sept.
l* t there nad *»;-n issued, pursuant to the agreement tjnohng the Saw England RR , 13,331 shares o f New Haven stock
a sx-shaage for »6,0V> share* of thecom unn and 1-1,707 shares

rvon .

Lxvn,

of New Haven stock for 23.414 shares of the preferred stock
of the New England Co., which, together with the shares
owned by this company, left outstanding only 1 2 , 8 11 shares
of common and 5,571 shares of preferred. A s a result, on
Sept. 1, 1893, there were 8,.503 shareholders of this company
tan average holding of less than sixty shares) and a capital
stock o f $50,437,000.
O f the total shareholders 3,280 are
males, 3 810 feiniles, 281 are partnerships, hispitals, libraries,
life and other insurance companies, and savings banks, and
1,115 are trustees and gu irdians. Geographically they are
distributed as follows: .Massachusetts, 8,845, holding $16,317,900; Connecticut, 2,0,4, $12,363,00 •; New Y ork , 1.455,
$17,357,700; Rhode Island, 488, $3,388,400; other, $3,110,000.
Union S tation o f B oston T erm inal C o.— N ea rly C om ­
pleted .—’The new uuion statloa in Boston, erected by the
Boston Terminal Go., is fast approaching completion, and
the work of exteading the tracks of the Bostoa & Providence
RR§ to a connection therewith, and the incidental construc­
tion of a new piss-mger station at Dartmouth Street, in Bos­
ton, is progressing favorably. Toe construction of four
tracks through the city of Bridgeport has been delayed by
the causes mentioned in the last general statement.
E lectric Lines. —Since June SOtn the use of electricity has
been extended on the Plymouth division from East W ey­
mouth to Braintree, 4
miles, and on the Highland division
from New Britain to Bristol, 9 miles, by the third rail; and
on the New Canaan branch, 8 miles, by overhead trolley.
Arrangements have also been made to operate the line from
Providence to Bristol and Pall River, 21 miles, by orerhead
trolley as soon as practicable.
R eduction o f R a tes.— The tendency to redaction of freight
rates appears by the general statement. A t th# rates of 1889
our freigbt earnings of 1898 would have been nearly three
millions of dollars greater.
S tatistics.— The statistics of operations, earnings, etc., were:
1890-7.
1895-6.
1894-5,
1897-8.
1,464
Miles oper, June 30..
1,464
----E q u ip m e n t—

719
710
681
Locomotives ..............
705
1,559
1,622
Passenger e a r s .......
4,561
1,588
Freight, cars.........—
11,135
12,557
11,404
11,881
432
434
439
Oilier o a rs....... ..........
387
Stoamers.tugs & floats
46
51
19
47
O p e r a tio n s -R -venue passengers and (freight only
Passengers carried...41,464,748 41,599,670 43,970,932 4.3,r 33.676
Pass, earr'd 1 m ile..759,632,395 7*6,540,942 788,477,424 747,0 -8,723
Ratep. pass.p. mile.. l'7 7 t ots. 1-800 ut-s.
1-766 ots.
1 76* ots.
Freight (tons) oarr'd. 11,042,0 )0 10,391,726 10,866,909
9,685,236
do do 1 mile 899.636,294 839,960,369 847,107,629 717,701,005
Rate p, ton p nine... 1*511 ots.
1*538 ots.
1*570 ets.
1*658 ots.
E a r n in g s —
$
$
S
$
Passenger departm,t .l5 ,9 0 1 ,8 “9 15.987.86t 16.174.100 15,298,056
Freight department.. 11,041,857 13,340,213 13,772,071 12,309,954
Miscellaneous........
339,242
s315.256
i * wifi
o.oa
esa
-m*
vor
299,159
29*.726
.30,322,738 20,623,333 30,345,630 27,901,730
E xp en ses—

Jalnt'ce o f way, & c . 3,845,488
Jain, o f equipment . 3*406.546
Transportation....... .12,940,074
General.....................
690,578

*,526,974
3.8‘•
’9,241
3.097,594
3,324,106
3,796,906 3,277,423
12,414,4 6 12,-20,385 12,011,224
777,691
7-44,695
677,787

. 9,431,052
(68*90)
P. o, of exp. to earns.
Other income.......... .
601,063

20,013,257 21,137,227 19,064 028
0,580,076
9,208,403
8,837.708
(67*66)
(69*65)
(68*33)
614,071
855,085
234,825

TotaL net ineome.10,032,120

D e d u c t—

Interest on bonds.... 1,024,138

Other iuterest...........
2*,995
Restals....................
3.370.477
Taxes........................... 1,688,S71
Right per ct. on stock 3,809.816

10,194,143 10,064,083
883,999
333,9S8
3,450,172
1.647,744
3,803,U6

826.091
680,706
3,418,105
1,492.23 7
3,608,542

9,072,533
694,54*
111,-83
3,322,407
1,404,605

3,794,290-

9,387,830
Total.__________ 9 922,297 10,119,419 10,005,741
Balance for the year.sur.109,823 sar.7-1,729 sur.58,348 def.315,303
—V. 67. p. 631.
Toledo & Ohio Central R ailw ay Company.
( R ep o rt f o r the y ea r en d in g J u n e 30, 1 8 9 8 .)
President Stevenson Burke says in substance:
G eneral R esu lts.— A small increase in the gross earnings
and a small reduction in the operating expenses have pro­
duced an increase in the net earnings of $68,214, This in ­
crease, although small, is gratifying, in view of the difficulties
encountered during the past year. There was nearly three
months of practical suspension of coal mining in Ohio,
caused by the miners' strike, which very greatly affected
both our gross and net earnings. Notwithstanding the re­
duction in operating expenses the equipment and line have
been fully maintained. The company several years ago
ceased to keep any construction account. The increase in
earnings since the close of the fiscal year gives promise of
much better earnings for the current year.
K an aw h a d; M ichigan,— The gross earnings of the Kanawha
A- Michigan have increased from §479,488 to $558,343, and the
net income from $119,385 in 1897 to $152,442, the net result
being that the company has met all its fixed liabilities and
has a net balance of $14,294, and this aftor charging up to
interest a-count, which accrued in previous years, $17,789,
showing that the actual net earnings of that line during the
past year were about $30,000 over all its fixed charges. The
line of this rail vay has been very much improved by ballast­
ing, filling trestles and otherwise during the year, and should
not only be self-supporting in the future but should bring
fair revenue on the investment of your company iu its stook,
as wall as greatly add to the earnings of your line.
S ta tistics,— The operations, earnings, expenses and charges
for four years were as follow?:]

THE

0#T$BER 8, 1898.]

CHRONICLE,
OPERATIONS, EARNINGS AND EXPENSES.

OPERATIONS, EARNINGS AND EXPENSES.

1895-6.
371

738

1894-5.
367

1897-98.
1896-97.
189 5-96.
1894-95.
Miles oper. June 30.
Miles oper. June 30..
535
535
537
537
Ope> lio n s —
O p e r a t io n s —
6 "6 ,467
708,454
569.180 Passengers carries-.
622.781
No. o. pass carried..
914,345
850,248
913,475
789,073
No. of pass car l m . 19,161,467 17,869.830 19,115,118 15 657.185 Pass, ear’d 1 mile .. 40,975,547
34,281,876 37,754,867 32,713,522
1*954 ots.
2*015 ots. 1*9 lets.
Rate per pass.per m. 1 8 5 2 ota
Rate per pass. perm. l-9 llo t s .
2 0 3 4 c ts. 2 0 i l o t s
2 151 cts.
_
2,139,167
2.26 *,578
2,210.*07 Freight (tons) oar’d.. 1,993.939
2,-27,484
Tons _moved ............
1,6*4,468 1,8(3,307
1.774,982
Tons moved
4,4^9 264,772 678 276,500.217 266,060 5 :3 Fr’glit(tons)eai-.l m .304,304,920 231,858,540 265,717,820 2 5 527.990
~ -------i|
"0*522
" " " ots. 0*563 cts.
0*478
cts.
Rate per ton per m. 0*467 cts.
Rate per ton perm.. 0-750 ots.
0'839 ots.
0-850 cts.
0-826 cts.
$
$
E a rn in g s—
E a m in y s —
$
$
$
$
385,250
300,825 Passengers...............
349,101
354,828
Passenger.................
78 7.322
697,428
777.9 ">3
703.748
1,443,463
1,496,9 *0 Freight......................
1,26- ,360
Freight....................... 1,275,4 99
2,281,294
1,944,439
2,253.8 *4
9,109.526
106,265 Mail, exp. and miso.
115,790
135,518
149,v 87
Mail, exp’s «fcmiscel.
255,05ft
2o0,343
255,144
253,740
1897-8.
371

1896 7.
371

1,779,614

1,750,979

1,944,503

1,903,990

Way and structures.
Main, of eqnipm nt.
Transportation.........
General................... .
Taxes........................

236,638
200,340
757,999
50,719
78,766

286,703
189.045
756,793
52,729
78,127

296,439
216,590
755.2 <0
58,398
72,000

266,188
231,926
739,587
60,705
63,216

Oper. exp. & taxes*
Net earnings............
P. c. of op. ex. to ea*.
Other income............

1,324,462
456,152
(74-42)
10.255

1,363,402
387,577
(77-86)
8,203

1,398,657
545,845
(71-92)
9,531

1,361,622
542,368
(71-51)
9,421

465,407

395,785

555,376

551.789

350,000
19,790
46,350
19,557

349,170
28,135
1 8 \ 00
20,257

2«0,S66
36 337
185,400
44,345

Net earuings.......... .
Dividends, eto..........

1897-98.
$
967,663
75.038

Total...................

582,962
546,448
435,697
385,770
Total....................
sur.5,341
Balaaee...................... Bur.79,637 def.39,912 def.27,586
BALANCE SHEET JDNE 30.
1897.
1896.
1895.
1898.
«
$
A ssets—
$
$
Cost of roadiequlp. 15,108,562 15,085,113 15,07^,684 14,878,157
420, *<13
44 •,769
476.677
498,980
BillsA aexjts. rec.,.feo.
3,399.971
3,3*6,749
3,40 *,978
Oth. perm, lnves'ts. 3,404,229
75.3 S I
107.171
75,693
92,176
Supplies ...................
8,552
8,998
11,578
9,783
Cash............................
Cash with Trust Co.
79,173
21,947
82,207
79,045
lor dlv., eto...........

Interest on bonds...
Rentals......................
Iat'st and disoonnt.

Gross earns, fr’mop.
E xp en ses—

Total....................
D e d u c t—

Interest on bond9...
Int. on ear trusts—
Dividends..................
Miscellaneous...........

350,000
14,318
21,452

Total assets...... 19,136,105
L ia b ilitie s —

19,125,628.) 19,116,312

18,814,886

«,ROO.OO^

3,708,000
7,000,000
363,206

0,500.000
3,708,000
6,101,000
483,600

996,021
1 64,502
505.4 S3

835,127
121,726
588,(51

1,198,570
117,073
700.743

19,125,628

19,116,312

18,814,886

6.500.000
3.703.000
7,000,000
186.775

6.500,000
3,708,000
7,000,000
261,610

1,046,670
131,^21
562.799

Total liabilities.. 19,130,165
— V . 65, p. 922.

Stock, common.......
Stoek, preferred—
Bonds........................
Car trusts.................
Bills and accts. payable, wages, etc...
Int ,conp ,div., eto.
Income account......

Total earnings..
E xp en ses—
Maint. of way, &o.Maint. of eq'ilpm’t..
Transportation.......
General....................
Taxes........................

3,323,671

2,902,760

3,291,972

3,067,014

423.353
453.004
1,010,016
2 58 ,7 17
1 5,908

375,626
307,623
960,5 <9
2 U .I 1 7
167,533

36 *,949
3 i4,968
1,068,672
2 **2,617
170,183

3 47,220
.45,638
1,076,012
*42,905
159,135

Total....................
Net earnings.......... .
P.o.op >xp. to earns.

2,356,008
967,663
70 89

2,042,433
860,322
70 36

2,180,389
1,111,533
66-23

2,070,910
996,104
67-52

1896-97.
$
860,322
74, 4=00

1895 96.
$
1,111,583
70.890

1894-95.
$
996,104
7 ,600

1,042,701

934,722

1,182,383

1,074,704

745,450
208,122
............

775,450
224,40 5
9,929

773.493
220 10 1
25,888

740,000
221,828
43,063

1.001,784
1,019,137
def. 75,062 sur. 162,898

1,O n ,836
sur. 69,818

INCOME
R e c e ip ts —

ACCOUNT.

D is b u rsem en ts—

Total...................
953,572
Balanoe.................. sur. 89,129

GENERAL LEDGER BALANCE i-UBET, CONDENSED, JUNE 30, 1898.
L ia b ilitie s —

Cost of road A equlp’t.$27,373,128
Improve’ taojt., 1898.
140,743
investments................
75t,183
Materials and supplies
150,993
Chase X. B’k.oo ip.aco.
3 0 1,010
Cash on hand................
60,517
Agentsand oouduct'rs
128,476
D ie from roads, indlv.
335,663
and companies.......
Chase XatT Bank, aco.—
Of pref stock..........
334,975
Of ref. mtg. bonds..
89,925
Assets of receiver.......
13,099
Purchasing Committee
20.357

Capital stook, (oom )..$10,500 090
Capital stock (pref). 5,0)0,010
Funded debt(Seo Sap ) 13,018.000
Coupons raaturnl.......
309,030
Interest on b o n d s . 5 7,500
Bills payable ..............
100,000
Pay-roll checks issued
130,120
Roads, individuals and
companies.......
30,277
Accounts payable___
26*.050
Prior liabilities.............
112,116
Kipiip'nt replacement
accounts..........
107,848
70,054
Profit and loss..

Total........................ 829,707,995
—V. 67, p. 319.]

Total......... ............... $29,707,995

Oregon Short Line Railroad Co.
("R eport f o r tin p erio d f r o m M xrch 16,1897, to J an e 80,1898. J
(R e p o r t f o r the y ea r en d in g .June SO, 1898. J
The company came into possession on March 16. 1897,
and this, the first report, covers operations from that date
President Samuel Thomas says in substance:
G eneral R em its.— The results for the year as given are to Jane 30, 1898. President Samuel Carr says in p a r t:
G e n e r a l R e s u lts .— For the first full fiscal year endian June 30, 1898.
highly satisfactory, the earnings exceeding those of any year,
with the exception of the W orld’s Fair year. The surplus the company earned it* full Interest obligation* on its income A. and
iDoome B bonde; viz , 5 per oent oa the Income A bonds and 3 per
over fixed charges is $89,129. This is the result after charg­ oent on the income B bonds. The reorganization committee ha* fur­
ing to operating expenses $20,500 each month for the replace­ nished this oompauv with funds for the mailing of necessary improve­
ments, and especially for a large am mat of new 70-ponnd --aiLs, in
ment account, or $13,' 00 more than formerly.
addition to whloh there has been expended and oh«rged to operating
G u a ra n ties.— Recognizing the importance of the stone expensea
a larger amount than it is estimated would ordinarily b
business along the line of you rroai, your directors have guar­ required for renewals (luring a corresponding period .
O r e g o n R a i l r o a d <& X a o i g a l i o n C o m p a n y S lo c k .— This company owns
anteed the payment of the principal and interest of the
entire issue of the first mortgage gold bonds of the Perry, $976,900 in the preferred capital stook of the Oregon RR & Naviga­
tion Co. f ee from all lnoumbranoe, upon which It has received divi­
Mathews, Buskirk Stone Co., amounting to $250,000, in con­ dends to the amount of $39,071, ami also own* $16,2 81,400 of the
sideration of receiving a majority of the stock.
common capital stook of that company subjeot only to the lien of the
At the annual meeting of the stockholders to be held on the income B bonds.
C o a l I n d u s t r y .— There are now In course of development extensive
21st inst., it is proposed to submit a proposition for the guar­ bituminous
coal mines at Oiamondvllle aud Keinmeror, Wyoming, on
anty of the bonds of the Indiana Stone R R . Co. Said railroad the line of your railroad, whloh have furnished a large and profitable
will leave our line near Clear Creek Station and connect coal traffic for the company. The ooal is of great volumo and of
superior quality, ami the enterprise promises to be oue or the m*$t
again near Harrodsburg, forming a cut off ten miles in important
in the West. The opening o f these mines has reduced the
length, the maximum grade of which will be thirty feet to a average cost per ton for coal consumed by your company during the
mile. The present grade between these points is eighty- year to $1 29, iu comparison witli $1 81 for the ye-ir 1896-9 7.
E z te s i o n to P io c h e .— Western capitalists, with ths co-operation of
eight feet, over which we can haul fifteen loaded cars with
this company, have recently made arrangements for the construction
our big engines.
On the new line, with the same engines, of a line of road from Milford, Utah, for a distauoo of about 80 miles
we can haul thirty eight loaded cars. This road will open southwest towards Pioche. whioh, it is anticipated, will prove a valu­
able feeder to this company.
mp a new stone district and add materially to our business.
S e t tle m e n t s .— Arrangements have been made for securing -to this
Arrangements are now being made to control the business company
the property of the Boise Oitv Railwav <& Terminal Co and
•f the Consolidated Stone Co., which owns valuable stone for the settlement of the old disputes with the Union Pacific Ry. Co.
properties in Lawrence and Monroe counties, Indiana.
E arn in gs, etc. —The operations, earnings a n i balance sheet
F in ancial — An agreement has been entered into for 250 are as below:
flat cars and 50 stock cars—payments to be made ten per OPERATIONS AND EARNINGS YEARS ENDING JDNE 30, 1893 AND 1897.
•eat cash and balance in sixty notes of $1,839 37 each, due
1896-7.
1897-8.
monthly. Under a resolution adopted Sept. 15, 1897, $1,118,- Miles of road operated June 3 0 .................
1,430
1,433
O p e r a tio n s 250, the remainder of the $5,000,000 preferred arock author
514,638
452,028
ized by the charter, has been sold at tne rate of $30 per share Passengers carried........................................
36,805,292
Passengers carried ono mile...................... 47,104,043
and the proceeds, $334,875, have been deposited in the bank. Rate per passenger per mile........................ 2*703 cts.
2*891 ots.
The accounts have been examined by the Audit Company. Tons freight carried...................................... 1,534,105
1.380,449
383,924,433
Tons freight oarried one mile..................... 471.681,526
P h isical C on d ition . — The following data are given:
Chicago Indianapolis & Louisville Ry.

There wan purchased during the year 3,357 tons of 75-lb. per yard
ateel rail. The main traok Is all laid with steel rail as follows: 76 lb. 119
?Z;!b- }59 miles; 80-lb. 112 miles; 56-lb. 59 miles; 2-lb., 59 miles.
Total. 509 miles. Cross-ties plaoe.d In track during the year. 252.0*4
nrst-class and 40.653 sec md class. During the year 95 miles of t rack
were ballasted with gravel at a cost of $o2.068. The ballasted track
Includes: Ballasted with earth, 15 s miles; oinders, 3 / miles; gravel,
264 miles; stone. 53 miles. Total, 509 miles.
On June 30, 1898, th* re were on hand -3 engines, of which 57 were
In good condition; 14 fair condition; 12 In had condition.
Tbs plan of reducing grades between Stale line and Monon, com­
menced last year, has been con inued and will be completed by Sept.
30. Tim rednotion la grades and Improvement in equipment has en­
abled us to Increase our tonnage per train from 209-91 to 2 3 0 -0 7.

Tue operations, earnings, <fjc., for four years
have been compiled for the C h r o n ic l e as below :
S ta tis tic s .—

Rate per ton per mile.................... ...............

0*976 ots.

1*091 Ots.

Freight...................................
Passenger.........................................................
Mail, express, &c..........................................

4,604,119
1,2 3,028
439,911

4,189,075
1,061,069
473,103

Total................................ .
E xp en ses—
Ma'n enauoe of way, <fco___
Maintenance of equipment.
Oondu< ting transportation
(Jeueral......................... ........
Taxes.......................................

6,317,058

5,726,247

.
935,887
.
568,789
1,497,475
.
186,991
.
349,318

925,382
502,441
1,564,059
20 q085
277,812

Earnings —

$

Total...............................................................3,588,460
Net earnings............................................ m/........2,728,593
Per cent of expenses to earnings................... 56*81

3.479,379
%,246,868

60*76

l'HE CHRONICLE.

73-1

Jk»l» IWIH MARCH 16. 1 8 9 7 .
JVti/ 1 mt-i 9*0 -Wtirth 10. ’97,
Juiw 3 0/98.

AC D»tr*T 3TO* TC1K l

9

0,037,856
3,500,068
201,058

__ T a l l in
........
... . . . . 2 , 9 2 7 , 5 8 3

3,767,720

..............
12,013
•'-V__
____ _ (5 V 3 $ 0 .2 0 ‘
tat*>«**£ os» income# *" B " . . . , ............ .........(3A, l«45,230

2,492.631
•24.220
646,«M)
445,230

......
Balauac*. rorpla*. . . . .

......

til. N£1LAL liA L A J fC I

F;.s»d xqAe q u ip m e n t. $«rr*so8, 139
B end » * i><1 »tk ». o w n 'd 1S.591.381

Ae<4QBH f w l u b l c
D ae iw su amenta, A c .
T ra fb c hftU ac«4i.........

Daft iTina C. S. Govt,
ilU^Ujuieouft............
A m , L., A T r .C o .. t n u t .

Vimh & No H) •8. FU.

Material on h a n d ........

3,603.731
158,995

2,075,21**

>4.526

145. 59
95,022
133/207
1,136
22,000
*35.339

$>7,460,100
t/apiMU stock
Bonds l*eeSPri*LR*T.) 56,080,000
Unpaid coupon»,. . . . .
1,357,033
177,383
Audited voucbcn. . . .
180,805
Pay rolU.. . . . . . . . . . . . .
Hospital fund............
2,986
127,370
Miscellaneous______
101,316
Taxe* •cor'd /not due.
373.275
lot. accrued, not duo.
55.044
i iico mi0 f« n b i i a f f d .
158, 9W0
Inconn? account (»ur.)
T o t a l...,...............$80,134,235

8 t , Paul A Duluth Railroad
( R ep o rt f o r (he y ea r en d in g J un e JO, J898,j
President R. Somers Hayes says in part:
G en eral csuU t*— Freight earuiugs were increased both by
greater tonnage carried anti better rate* received. The large
increase in expenses of maintenance of way is due to heavy
storms and floods, necessitating repairs costing $36,623, and
am ton t of new steel mils charged for replacement,
Eijutpmi nt, —Contract has been made under the equipment
trust plan U r 200 sixty*thonsimd*poand-capacity box cars,
which are iit-o^-nry for the traffic. The automatic couplers
and air-brake#* are being placed upon the freight equipment,
and it if
v,n:cu-d this work will be completed in time to
comply with the law: the cost is now charged to 4t construc­
tion, improvement and betterment account."
M am i' i'j .c — During the year 15 miles of steel rails were
laid on main track, and 7 1 , miles of old iron rails replaced
on bniuche* by old steel rails from main line. 114,232 crossties were placed in track, and the store houses in Duluth
received more than average repairs.
N ew tnortgat,e. —Stockholders representing more than twothirds of the preferred stock and one-half of the common
stock voted at the meeting on April 14. 1898, in favor of the
issuance of $5,000,000 fir^t mortgage consolidated bonds to be
use*] for the purposes stated in the circular of Feb. 1, 1898,
and in accordance with this authority a mortgage for this
nine not bits been executed to the Guarantee Trust Co., of
New York, trustee, the bond** bearing rate of interest of 4
per cent, imr* to run fo r a period of seventy years from the
first day of June, 1808. No sale of any of these bonds, how
ever, has yet been made
A t this meeting it was decided
aJjfco that articles of consolidation of the branch lines upon
the bast» proposed be submitted to the stockholders for final
approval at the next annual meeting of the company, and
due notice has been given that such action will then be taken.
S ta tistic*.— The operations, etc., have been as below:
PMMUTfOKS A!SD FISCAL JUtSOLTS.
O ptra.H ang—
1807-98.
1896-97.
1895-96.
P**#er>*rer» e * tried..
3 19,022
515,194
532,057

1894-95.
528,703
Pa**, rartltil 1 toll*. 16.668,080 14,003,792 15,242,097 15,110,283
A v rat* p. pa*, p. m
2 0 1 eta.
2 02 eta.
2 *18 ota,
2’27 eta.
Freltfbt (tonftimoved 1.240,030 1,200,098
1.137,012
1,028,308
y g i rtonfti ear 1 tn., 152,718,001 148.068,106 127.210,980 108,621.408
0 81 eta.
0 -80 eta.
Jfatm iht, $f r o m —
4
f
$
$
Pa**Cfu?«*n»... . . . . . .
327,801
370,737
30«,<SJ
387,944
Prfcijtfit................. . 1,229*430
4,1 h7.223
I .I kO.363
9 9 0 ,2 » 'l
tvprv*** A&..,
49,020
48*962
num i
45/102
T otal.*.*.........*. .
O per,exp. and fiixc#

1,048,035
1/221*9 93

1,504,104
1*203,050

1,587,803
1,2*0,824

1,429,307
1,000,915

f»>5 carat
..
OiBftf income.......... .

420,040
35,598

361.054
59,892

807,389
78,100

30 2 .3 9 2
4 0 ,2 5 8

Total .................
f#—
Jlimtal*..........
...
IssfCtrftt
’ Qndft.
5 p. c, dif. or pref.
MlftC4VliiiRp*>t}*.........

462,238

420,940

385.430

402,050

135,164
150.000
239,505
810

134.558
150,000
239,505
14*604

180,81#
140.000
289.505
6-V523

119,914
150,000
239475
08,003

tH #Awr *rm

TotA5____
525,470
538,667
078,847
577,422
B-ftfcJa&c* from HR
op^rmSlOti#,
.def. 03,241 def. 117,721 dBf.18S.40S 4of 174,772
K*-r‘j)4* frritti
acc and land# . . .
157,001
104,417
242.483
90,029
B-A'iancjr........
93,700 def. 13,304 aur, .54,075 <W. 84,143
ItAUDCB IltHtrr J l t t n 210*
11*97.
1°90.
9

$

Bnftx] and rnulpmotit ................. .12.1
17.885,223 ,1 2 ,0 *
8 5 ,2 2 3
Bo&di and alocha
. 1,560,790
lA-56,970
1.500,223
4V5A98
323,710
HSrifnttajgtp oolm......
25,374
38.081
391,578
13,314
11*3^9
12,0-4
* from Inditldoa)* , A c . . . . .......
138*214
ir»t,r»50
182.504
Matfttiili and furl r»n hatid..........
f 5.226
63.210
85,047
Accouiit* rpfvitfthjf
144*113
192,380
186,219
La-Od sbd town lot <contract#......
463,395
460*760
t- . ,.ftnf -h1•. I5,019.2i?3

15,374.778

1690,

,451,170
.710,000
180,981
60,487
140,838

9,452,893
3.710,000
179,204
60,467
134,131
579,325

9.453,058
3,710,000
229,684
60,467
127,793
579,100

690.776
488, 09
27,702
47,052
215,478

690,770
438.847
7,-408
121,727

690,776
394,578
50,042
15,278
119.752

T o ta l........

15,019,293

15,374,778

15,429,568

—V. 67, p. 275,

Union Traction Company o f P hiladelphia.

2, a t b it CiVjt—

T o ta l..................... $86,134,255
-V . ©7, J»- 484.

1697.

U 98.
L ia b ilitie s -

Stioek ami scrip (see 0ui*ri.KMt a c t } .
Bonds (see Su i t * ksikmt) ....... .
Taxes, pay rolls, Ac. (eur’lllabU's)
Oottpou Interest accrued, not due.
8lnkln«fuud.... .. .........................
Proi erred stock oanoolOd........
Laud ami stum pane Income ex­
pended prior to J uly 1, 1888.......
Differ’d land and stump. Income..
Miscellaneous....................................
Land aud stump. Income aocount.
Balance railroad income.................

ftim iT T JftTKB 3 0 . 1 8 9 8

A t ****—

O n**

158.905

[VOL L X V IU

15.429,508

( R ep o rt f o r the fiscal y ea r en d in g J u n e SO, 1898. J
The annual report is signed by President John Lowber
W elsh, who resigned this week. It says in substance:
Increased Profit. — The result of the year’s business is a
profit of $24,620, as against a loss last year of $951,931. Thii
lias been accomplished by a substantial gain in gross receipts
and strict- economy in every department.
H eston ville M a n tu a dk F a ir m o u n t — Oa Jan. 1, 1S98, the
Haetonville Mantua & Fairmount Passenger RR. was leased
at an annual rental of $3 per share on t,h-> preferred stock
and $2 per share on the common stock. Your company also
purchased 4,780 shares of the preferred stock and 35,294 shares
of the common stock of said company at a cost of $2,298,408.
To make this payment the above amount was borrowed, and
the loan is to be repaid Nov. 15,1898. To meet this loan, and
also for improvements made and being made, an instalment
of $5 per share on the capital stock of the Union Traction
Oo. will be called. [This call was announced last week.— E d .]
The receipts and expenditures of the Hestonville system
from Jan. 1, 1898, are included in the statement of this" com ­
pany for the year.
P ow er H ou se.— The power-house at Thirteenth and Mount
Vernon streets, which was seriously crippled by fire on
March 3, 1897, has been rebuilt, and is now in thorough
working order. The net loss of $68,693 was paid out o f the
insurance fund.
E x ten sio n s.— The following extensions are mentioned:
The tracks of the Chalten Avenue Passenger By, are now being e x ­
tended to connect with the tracks of yo.ir company on Old York Road.
It is also the mteutiou to extend the tracks of the Twenty-second and
Allegheny Avenue Passenger RR.. whion now atop at Germantown
Avenue and Hunting Park Avon tie, east on Hunting Park Avenue to
connect with the tracks on Old York Road. The Germantown Passenger
Ry. is being extended from Hillorest Avenue to the county line, a dis­
tance of about 2,000 feet, making a connection with the Roxborough
Chestnut HilL A Norristown Passenger Ry. This wi 1 si ye a through
line to Norristown. The tracks of the Thirteenth and Fifteenth Streets
Passenger Ry. Co. were extended as far as League Island, and the road
opened for travel March 13, 1398.

T a x D ecisio n .— By a decision of the Dauphin County Court
your company has been relieved from the payment of tax on
Electric & Peoples Traction 4 per cent stock trusts, which
was estimates at $105,0110 per annum. U p to the present
time no appeal has been taken by the State from this decision.
( a p ita l A cc o u n t.—-The balance, as per statement, Jane 30,
was $562,262, and the receipts during the year were
$144,768, making the total available $707,030. This sum has
been applied as follows: Advances to leased roads, 81' 6.828:
construction work, $252,673 (of which $164,755 for power­
house and $25,095 for car equipment): construction work ex­
tension, account of leased lines, $139,424; paid for stocks of
underlying companies, $103,980; real estate, $H1,149; ad
vanced in open account, $267.5'2; miscellaneous, $i,012:
total above disbursements, $903,109. Am ount of operating
cash used in above payments. $196,139.
E a rn in gs, E tc .— The company’s earnings and balance sheet
compare as follows :
1897-98.
No, passengers carried...........238,939,353

1896-97.
I n c . o r D e c.
228,102,758 I. 10,838,*95

Gross earnings........................ $10,860,542 *10,381,015 I.
Operating expenses................ 4,456,375
4,949,850 I>.

$179,527

Net earnings............................ $6,404,167

$973,002
11,264

Other Income, Interest, ole..

110,895

Total net income.............. $6,515,062
Taxes and licenses.................
894,737
fixed charges.........................
8,595,704
Surplus...............................

$5,431,164 I,
99,630 1,
$5,530,795 X.
913,389 1>,
5,460,340 I.

$24,620 def $851,934

t.

493,475

$984,766
18,652
126,363
*876,555

Operating ex peases, including licenses and taxes, were
49 27 per cent of gro«s income, contrasting with 56'48 per
cent in 1896-97.
llil.igCB SilKKT JUNK 30.
1898,
1807.
L laM U tia—
1898.
1*07.
Cash..
.........
141.281 $502,201 Capital stock. . . . $7,499,305
$7,47k,685
•'ash. juft# bands,,
10.800
21,7<W Itic. Arc Ins.fund.
3,197
242.00*.
Fire ins. fund —
235.070 Traction shares..
2.074
Adv.leased lines. 4.890.133 4,305,027 Ml sc. account...
3 5 ,0 0 0
15,000
Supplies ...........
118,877
58,604 Accts payable...
37,911
76,7*5
Const .and equipBquip.leas’d lin'a
ment................
1,538,488 Charges not due. 1.298,634 1 ,4 9 •3,627
5 ,3 0 6
279,107
Heal estate.........
247,370 Open accounts,
Aconnots reeelvleased lines ... 1,321,748
318,886
able......
....
226.898
239,7*9 Duouid’rlyVeps
6 7 ,4 0 3
Stocks A bonds., 5,183,03d 1.240.787 Otto leased lines.
39,402
Francbise acAccrued in t......
67,762
count..............
00,249
00.248 7‘rustee acets....
176
Profit and loss...
880,522 Loans.......... ... 2.398,407
Profit and loss., .
01,362
Total............. $12,741,217 $0,490,670
Total-------- $12,741,217 $9,49 .076
A v t J f—

The $1,821,718 “ open accounts leased lines” do not carry
hUeri-fd and are dne oulv upon termination of the leases.
— \ . 67, p, 635,

THE

October 8, 1898. |

CHRONICLE.

735

year, but the management felt that c mservatism required the accu­
mulation of a liberal surplus, so that dividends might be maintained
when they were resumed. The business of the company has been
largely increased during the past year, and it is expected that divi­
dends'will bn maintained at the rate of not less than 1 per cent quar­
terly - V. 67, p. 6 8 8 .

New York & (Jneens County Railway.
( R e p o r t f o r the y ea r en d in g J a n e SO, ISOS.)

Bslow is ta offiiiil statement of the operation of the New
York & Q ieeas Cmucy Railway Oo. compiled for ttie
Boston N ational Banks.—P en d in g C o n s o lid a tio n — K id ­
C h r o n ic l e ia comparison with the figures reported for pre
der, Peaoody & Co. are conducting the negotiations for the
▼ions years by its pceieosssor, the Sieinwav Rail way:
------ S t e in w a y R u ----- a co solidation of a number of Boston banks. The prices to
r - y . Y. <£ Q. Co.
be given to the shareholders for their stock are about $12
1895 6 .
1896-7.
1894-5.
1S97-8.
*
$
per share above late market values, v iz .:
$
$
. . . . 4 8.9 *9
....2 5 1 ,2 7 7

4 0 4 ,4 5 a

232,407

334.745
194,912

2 *3.354
139,556

Net earnings ........ ---- 157.6”2
Other income .................. . . . 2 8,608

172.051
69.543

136.*3 3
27,125

93.798
i 3 .3 -8

...1 8 6 , 80

241,594

163,953

107,186

Operating expenses—

Total net income —
D e d u ct—

T a x e s............................ - £ 251,841 \
Interest on b o n d s.------Balance, surplus. ......df.63,365

15,9 47

12,708 )
91,56 L^

95,370

25,649

51,689

1*1,816

2 > -.00 •

GENERAL BALANCE SHEET TUNE 30.
lrW7.
LtabUitia—
ISOS.
1808.

Astcts-

1S07

Boston National Bank, $99 25 per share: Columbia National Bank, $96 87!^ per
share: Hamilton National Bank, $114 per share; Howard National Bank, $97 25
per 'hare: North National Bank, $10 1 per share: Market National Bank. $77 per
share National Eagle Bank, $8-» per share; National Bank o f North America,
$lu2 25 per share; National Revere Bank, $92 per share.

“ The total capital, surplus and undivided profits repre­
sented in the book value of these institutions is $10,.
431,500. The total selling price is $8,247,250, but of course
the selling price does not apply to all stocks, as many stock­
holders and possibly some savings banks who have not already
voted upon the question will elect to take the proceeds of
the receipts in liquidation.”

i $5,223,775 Stock ................$2,150,000 $2,000,000
Oost of road.. •i
Carolina Central R R .— P la n E ffe ctiv e .— The reorganiza­
do additional #$1,411,327 < 544,v47 ! rundeddebt..... /.OOO.lOO 2,000.000
547.5"4 Underlying bond* 1.7«",000 1.700,000 tion plan of July last, C h r o n ic l e of Ang. 6, p. 273, has been
Oostof equip'i..'
(
2,710 Special loan . . 1,12 '.000 1,020.000
57,344
35,8 '3 declared effective. Jos S. Stout, Chairman of the bondhold­
566.727 I Int., etc., accrued.
Acc mats payable
30,"30
5 ,53*
.. 17?.U4
*8,750 ers’ committee writes us as follows :
*11,005 I Loins, etc.
“ The plan has been declared effective, as two-thirds of
Heal e*t. mort--14,000
14. 00
Prof, and loss. sur.
...
25,«48 each issue of bonds and stock have either signed the agreement
Total assets $7,154,3.*I $6,896,757 I Total liability$7,254,391 $0,806,767 or deposited the securities in the Trust Co. Therefore, in

Cash.................
Open accounts ...
Itocks and bonds.
Material ■*. etc ..
Profit and loss, df.

i.osa
22.810
73v,4')l
26, <83
5:,621

—V. 67, p. 29.

Westinghouse Electric & Manufacturing Co.
( B ala n ce Sheet o f J u ly 81, 1898.)
The cornp^nv* has furnished the following to the N'ew York
Stock Exchange:

BALANCE SHEET OF JULY 31, 1898.
A n tis .

Cash................................
Bills receivable..........
Accounts receivable..
Material in s to c k .......
Sawyer-Man Elec. Co..
Real e*taie, r t c ..........
Machinery tools, etc.
Stocks and bon is........
Patents, charters, etc.
Miscellaneous..............

L ia b ilitie s .

$162,732
115,596
2,157.795
1,872,019
785.253
1,519,557
1,374,5 12
5,846,08 i
4.761, 85
354,019

Accounts payable.......
Bills payable..............
Dividend Scrip ..........
T7. S. Elec. Ltg. Co. bds.
Collat’l Trust Bonds..
Preferred Stock..........
A s s e n t i n g •"'took.
Co inmo u Stook,...........
Surplus........................

ihe opinion of the committee the plan will succeed and no
foreclosure be necessary. A s to details the printed plan ex­
plains it all, and the new securities may be distributed by the
1st of November.” — V. 67, p. 273
Ceutralin A Chester R R .— F oreclosu re p r o p o s e d .— The
Farmers’ Loan & Trust Co., the trustees under the Centralia
& Chester mortgage, have been asked to institute foreclosure
proceedings. V . 66, p. 573.

$559,683
2,744,894
104 MO
3“ 0,00<)
500,000
3.99 ,750
8,2 7,47
J 46.700
2,191,322

Central RR. o f Verm ont.— R eorg a n iza tion P lan .— A meet­
ing of the holders of certificates representing the Consolida'ed RR. of Vermont first mortgage 5s has been called for
Oct. 26 at Cnipman Hall, Tremont Temple, Boston, to ratify
the modified plan referred to last week. Mr. Ezra H. Baker,
Chairman of the committee, writes ns as follows: ‘ ‘ The former
plan of reorganization (V. 61, p. 515) agreed upon by the
Grand Trunk Railway Co., and accepted by the bondholders,
Total assets.. .. . $18,951,38 4
Total liabilities... $ L8.951,384
will be carried out. with the modifications noted in the cir­
above stock the treasury held $2,629,070.—V. 67, p. 635.
cular. The con rol of the new property will be in the hands
of the Grand Trnak Railway Co. By the terms of the new
mortg*ge, the first mortgage bondholders are to have three
members of the board of directors, one of whom shall be a
GENERAL IN VES TM EN T NEW S.
member of the executive committee. The change in the plan
Reorganizations, Etc.— D efau lts, R e ir g a n iz it on P la n s , baa been agreed to by the interests hitherto hostile to our
E tc.— The usual in iex is om ittel this weak, bnt that o o / • plan of reorganization, and we are assured of their support.”
The circular provides for the issue of the following:
Bring the items pmlished to sept. 17, inclusive, will be found
C a p it a l s l o c k ................... ...................................................... . . . 83,000,000
in the C h r o n ic l e o f September 24.

Of wlileh for Interest overdue Feb. 1, 1898, on $7,000,000
Coueol RR. of Vt>. let 9, viz.: 8 per ceni............... ................
jbo.ooo
To be held by Grand Trunk Railway Co..................................
Control
U r s l m o r t g a g e 4 per oent 21-year gold bonds, to be dated
Aug. i.l-< t8 , *r as near that date as possible. Interest
to be guaranteed by the Grand Trunk Railway Co by a
traftio contract under wlilob any dellolt In earning* In
Allegheny & W estern Ry.— Buffalo Rochester & Pitts
any year will be provided for by the Graud T unk Rail­
burg Ry. Official sta tem en t.— Adrian iselin Jr., Vice Presi­
way Co. up to 30 per cent of tbe gross business inter­
changed
by the Grand Trunk Ry. Co. and the Ceu.ral Ver­
dent of the B iffalo R 'Chester & Pittsburg, writes ns as
mont
RR. Co. (“ The groan business ha* averaged in the
follows as to the new A. & W . line:
pa-t froiii #1,200,000 To $1,600,000 yearly and doubtless
There Is no truth in the report that the (’ on,traction of the line has
will be no less in the future”) The new mortgage is to
ceased; oo the contrary, it is being aotively prosecute l. a d there Is
cover all the property of the new oompanr, luoludiug
every prospect of the Line being npei for business In ih* spring of
branches, equipment, lease of the New London Nor> hern
1899. It ha* however. been leoided only to build to Butler, a dis­
RR. Co and aleo other property not now oovered by the
tance of about 60 miles from Pnnxsutawney. From Butler to N*-w
dear, mortgage Total authorized Issue t " be............ . ...$12,000,00*
Castle the Pit abtirg .it Western Railway will be used under a rack
of which in oartial exchange for $7,000,00 ) Consol. Rlt.
aye strange nent Tne mortgage has not yet been created, an(1 will
of Vc. Ist5 s................................................................................
7,000,000
not be nntll The prooee Is of #9,0 10,000 of stock at p r has been first To remain 'u the treasury, to oe Issued for Improvements
expended, which will prob fly not be until the end of the year on
and sddltlona only, under proper restriction*..... .............
i.ooo.oom
Oct. 11 the amount paid la on the stook will be $1,200,000 —V 67, it To be used th acquiring hranoh roads and in settlement
423,432, 72.
of preferred olal a*, reorganization expenses nd other
obli Tutions; in the retiriog of Che equipment bonds aud
American Cotton Oil Co.— P relim in a ry R e p o rt.— A pre.
In settlement of the holders of the geueral m irtgage
4 per oeht bonds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
j.o o o .c o o
liminary rep >rt to the director* indicates, it is stated that
the complete returns for the fiscal year ending Ang 81, 139s,
E x c h a n g e o f S e c u r i t i e s .— Hold rs of the Araerioan Loan & Trust
Co
certlnuates
and
of
ilrst
mortgage
Consolidated
RR.
of
Vermont
will show net profir* of $700 000 for the common s o k, aB
bonds not deposited are to receive par for their pres-mc bonds in the
compared with $103 00 1 in the previous year.
The director" new Uret mortgage bonds aud interest ill cash at the rare of 4 per
will decide Nov. 1 on disposition of profits. V . 65, p. 975,9ss8 cent per annual from Feb. 1, 1898, to the date of the new bonis.
I his interest has already been advauoed on May l a d august 1 to a
American Screw Co.— Sale o f F oreign P lan ts A u th o riz ed .— majority of the eertliloate holders by the Grand Trnuk Railway Co.,
The stockholders, at a meeting on Sept. 29, vote I unani­ aud will hot be p<id a second time); they will also receive 8 per oent
the face of tiielr hoods ia til* capital stook of the uew oompatiy,
mously to sell the foreign properties of t h e company, viz: of
representing interest overdue Feb. 1, 1898. The etpeusee of reor­
The British Screw Co.. Limited, of Leeds. England, and tne ganization will not call for any asses«ment of the oertideate holders ,

Alabam a Steel & Ship B u ildin g Co.— Tennessee Coal
iron & K R. —M art /age F iled .—The Alabama Steel & Sb>p
Building Co. has ti ed its mortgage for $1,1 >0,000 to the Man­
hattan Trust Co. as Trustee.— V . 67, p. 127.

Canada Screw Co., Limited, of Dundas. Ontario. Tne action
was taken without knowledge of the purchaser or th« pricto be received for the English company, on the assurance
that the sale was satisfact ry to t h e Board of Directors
The last annual report intimated that some such action was
desirable.— V. 66. p. 382.

American Type Founders’ C o .—Official S ta tem en t.— The
foliowia^ offijiil sta^ n n u t is m ale re^trdiag toe resump­
tion of dividends ana maced last week:
1 he company h*q had the roost, mioeenfnl vear since Its nntanlza®
net earning* for the n*oal ye.tr oarled <u<tnr. 3 1 belmrovor
•V 69 000, *rt«r deduct! % interest, fixed oh*r?es and all other ex­
penses. rdls 1 * at the rate of over 4 per oetit upon the « itlr oaptr.al
stock of $ l.000.0 0 riiocoinpanv had expert e<l more tnan $ 10 0 ,0 »0
ot re earnlmrs during the past threw year* In Improving its various
manufacturing pUnt*,and the mauufactarlm? oosr,* iiav he-ro re inced
to the lowest of any ooucnrn In the trade by me Improved plants of
automatic machinery. Dividends could have been commenced last

Of the outstanding $7.0 0,000 fir-it mortgage b nds the
Baker com mi tee has on deposit about $5.70), 00 with the
American L an & Trust Co. Fix d charges under the old
p an were reduced fr im $563 874 to $402.Odo. Under the new
they amount to $440,000. The New London & Northern has
also accepted the modified plan.
See also advertisement on another page.— V. 67, p. 689.
Cleveland Akron & Columbus RR.— J u d gm en t.— A press
despatca from Olevelandon Thorsday said that judgments by
default have been taken in the United States Circuit Court
against the company for nearlv $150,01)0. The judgments
weie taken on notes given for rolling stock and other material
and were as follows : North Central W agon Co., $29,391 10 •
Uni >u Rolling Stock Co. $54 909 9 i ; Scottish Wag m C o .’
limi ed, $7,330 29; Bristol & Sonth Wales Wagon Co., lim ited "
$n4,9 9 90 —V . 65, p. 1170.

73(5

THE

CHRONICLE.

Drover Lead vDie A Gunnison Ry.— Union Pacific Rr„—
Henry Budge. Churiew A. Peabody. Jr., and Henry oe Coptv *i thu caimndtt o " for the 1' u . P a a . 4 1 , * bond*of 18S9 secured
by pie JL-e iif i.i nvi r I.-.t drill* A- G until-on bonds, have issued
a i.‘ai‘ fmr a m w iing of the bondholders on Oct. 18 to ratify
aa agreement f«r the transfer of the property, if acquired at
f >r« - >**tr-. to the reor-'tiuLvtlon committee of the Union
Pacific Denver A G u lf lift. The consideration for the t ransi
l that each
ific.iti- for a dtpotiud Union Pacific 41-^
par cent. $l,ftuO bond shall receive (1) # 8 5 ' in new 4 per cent
first m o r t w 1 G ulf bonds, bewinsr interest from Feb, t, 1809;
iJ i ffoo jo trntt crrtUeatrs for new first preferred (inlf stock;
and
f r o in trust certificates for new second preferred
G u lf stork, Scrip will I*- issued for fractional amounts. The
G olf commit11-*.* also atrrees to pay all the expenses of the
Gnun1non committee and of the foreclosure. The plan ' or
ibri r-virraiu/ s’ ion o f the Uuion Pacific Denver & G o lf com ­
pany is given below,— V . 67, p, 819, 685.
Detroit Mackinac A Marqnotto R R .— In terest Paym ent.
— One per cent will be paid to the registered holders of the
land grant bonds on Oct. 13, 1893, for the six monthsending
Sept. 3d, 1898.— V . 66, p. 708.
Edison Electric Illu m in atin g Co. o f Brooklyn.— K in g's
County Electric Eight A Power.— Sale o f Stock Consum ranted.-On Monday the sale of about 91 per cent of th
capital Muck of the Edison Company to the Kings County
Company wan effected in pursuance of the plan in C hronicle
of September II. page 458. Tile sale carries with it the control
of the Citizen*' and Municipal Electric-Lighting Companies
and therefore brings under one control anhstantially all the
electric light business in th - Borough of Brooklyn.
The
Kings County Company e<mtrols the patents of Nikola Tesla for
that borough. Anthony N. Brady, ex-Governor Flower and
others are interested in the enterprise. As stated below the
New York Gas A Electric Light, Heat A Power Co., with a
capita! of #35,000,f'f,0. was incorporated this week at Albany.
The King* County Electric Light & Power Co. has capital stock
of only #2,,T 0,000, and, though only a. surmise, it is possible
the new corporation may bacome the controlling power in
the Brooklyn consolidation, a consolidation which, as shown
on page 483, has a present bonded debt of about #11,150,000.
— V. 67, p. 689, 482.
Flint Glass Bottle Companies.— C on solid ation .— Over
t wanty companies were represented a* a meeting at the Hotel
W aldorf on Thursday to discuss plans for the consolidation
of tha leading flint class bottle companies of the country.
Tiia formation of a New Jersey corporation, with a capital
stock of several millions, is suggested. Among those active
in the matter are J, H Parks, of Boston, who has effected a
an tuber of similar consolidations, and C. H . Beach, President
of the American Flint Battle Manufacturers’ Association.
Of thirty-four flint bottle manufacturing concerns in the
cauntrv, twenty-six are reported to have given options.
Galveston La Porte A Houston Ry.— R e-sold.— This praperty wan sold under foreclosure on Thursday to L. J. Smith,
tke only bidder, for $425,000.— V. 67, p. 529."
Hawaiian Commercial & Sugar Co.— C h a n g ‘ o f C o n tro l —
A San Francisco syndicate of bankers and brokers has purcb»-. -d control, and the Spreckels management, has been dis­
placed by a board consisting of Edward Pollitz, President,
E, M, W alsh, Albert Meyer, R G. Brown and Charles
Satro. The San Francisco “ Chronicle” says: “ The new
director# own 67,310 shares, which cost them between $1,•00.009 and #1.750,000. The price paid, it is sta ted, ranged
from $16 to $35 a share, 80,000 shares having been purchased
la the last three weeks at $25(<* 27.” — Y . 67, p. 433.

[V o l . LXT1I.

LitchHeld C arrollton A W estern .—Safe Nuv. i f . — The
foreclosure sale Is set for N ov, 12 at Carlinville, 111.—V . 07,
p. 428,
M e'ropolltau Street Ry, o f Kansas City.— Trolley in p la ce
o f Ca I-. —A dispatch from Kansas City says the new owners
of the property are preparing to have tha present cable lines,
aggregating 62G7 miles of track, equipped with trolley. A
Chicago dispaten confirms the report that P. D. Armour and
Norman B. Ream have acquired an interest in the property,
and states they have “ exclusive control.” — V,07, p. 684.
M etropolitan Street Ry. o f Now York City — E lectric
Service Begun on B irth A v en u e.— O l Oct. 1 the company
began operating electric cars over the Sixth Avenue line, be­
tween Fifty-ninth Street and Eighth Street.— V. 67, p. 690.
Minnesota Iron — Illin o is S t e e l— Elgin J olie t A E ast­
ern Rv.— Federal Steel.—Notice to St ckh old ers.— The
Colonial Trust Co. of New York and the Old Colony Trust
Co. of Boston, referring to their notice of Sept. 10, announce
that over 90 per cent, of the stock of the Minnesota Iron Co.,
Illinois Steel Co. and Elgin Joliet & Etsteru Railway Co.
has been deposited pursuant to the plan for forming the
F-deral Steel Co., and that farther deposits may be made to
and including Monday, Oct. 10 (being the date on which the
cash payments on deposited stock must also be mad*l, after
which date no further deposits will bs accepted.— V . 67, p.
578, 689.
N ashville (T en n .l Street Ry.— Bands C alled .— R efu n d in g .
— The $149,4 0 bonds of the McGavoek & Mt. Yernon Horse
RR. have been called for redemption, and will be paid at
par at the First National Bank of Nashville. Tenn., on Oct.
31, interest ceasing (hat day. An equal amount of 5 per
cent bonds of the Nashville Street Railway has been floated,
railing the outstanding issue to $633,409.—V . 64, p. 135.
National Linseed O il.— Secon d Suit f o r R eceiver. — A
second suit for a receiver, on the ground of mismanagement,
Was filed against the company in the United Stales Court at
Chicago by John R. Evans as owner of $150,000 stock
Tim e L im it R em oved;— The New York Committee has re­
moved the limit of time for depositing stock “ to such date
as may be fix-d hereafter by the committee.”
C om pany's In debtedn ess.— Thomas L. Greene, of the Audit
Company, is examining the company's books, but pending
the completion of his investigation the following facts which
transpired at the meeting of stockholders in Chicago on
Sept. 28, as published in the daily papers, are of interest.
A trial balance o f Aug, 1, 1898, was presented, showing:
C+rrent riMt*.
| Cur evt (itbUrtles.
$37 <W> Bills payable ........................ .$S,814,700
Stock (mostly pi edcfed). . . . . . i s
j Accounts payable . . . . . . . . .. .. <5,3,407
Accounts receivable ........... 2,30ft,3i!3 -MiHeelhmeous
.........
1*0,146

Cash........................................
Other.....................................

fcl,70? I

----- ------ |

--------- -----

Total ............................ $4,077,343

$1,238,269
|Balance, deficit.. $319,074
Total ..........................
The deficit of $310*074 here shown is said to he Altogether misleading, “since
questions put to the Treasurer brought out the fact that the account* receiv­
able amounting to $2*36w.3 3 contained an improvement account and another
account co upletely foreign to tbe item or bills receivable. These foot up up­
ward of $ -.100 uuov and when deducted from assets leave-apparent deficit of
about $ 1,500,0'0.

S tockholders' C om m ittee.— Regarding the action of the
stockholders at the Chicago meeting, we give th e following:
A committee from St. Louis, composed of Messrs Edwards, Lee and
Llndlej-. representing 34,000 sliares of stoolc field In Indianapolis, St.
Louis and Dubuque, were present. They refused to join In the Central
Trust reorganization agreement for the present, stating that they
would, before committing themselves, ascertain exactly what w«s the
condition of the company and the value of Its property. J H. Bekles, F.
O. Swannell and Ezra Ltndlny were appointed a committee to devise a
plan for the rehabilitation of the company. It was proposed that the
-ton.holder- advance .kid a share, or $ i tc00,000, and take second
mortgage bonds, hut no conclusive notion was taken.

Of the $1,500,000 bonds, $763,000 have been sold, and most
la n s a # City A Northern Connecting RR. — Listed in of tbe remainder used as collateral.
1'h daa elph in.— Th# #1,608,000 first mortgage 5s of 18S7
The disposition seems to be to effect a change of officers,
(IS.Oon •09 ' authorized) have been listed on the Philadelphia and, if possible, to place the company on its feet without
Stock Exchange, The company has alto outstanding second resorting to a receivership.— V . 67, p, 631.
mortgage In : r m c a , #1,206,000 ; “ floating debt, none.”— V . 07,
New England Loan A T ru st.— D eath o f P resid en t.— The
body of President Daniel O. Eslibaugh was found in the
K n ic k e rb o c k e r fee Co. o f Chicago.— T c n n s o f P r e f e r re l Hudson River last Saturday.— V . 67, p. 690.
S tork . — A n official notice as to the increase in the ca p ita l
New Orleans Traction— New Orleans City & Lake R R .—
•lo c k noted la -t week gives t i n term s o f the $3,000,000 p re ­
Crescent City RR.— R eorg a n iza tion an d C on solid a tion P lan .
ferred stock issue *u b s ta n tla lly as f o llo w s :
Tbe New Orleans City & Lake RR. Co.— or a new company
1 - i f p r . d . rre-^l
< h !» c o t l Vtvr U b l c I f l t e C o m m o n f f l o c k a t tt»0 pl*>MUTO O f til©
to be formed for that purpose—shall acquire the railway,
h “ !d « r »
c u r h Jaw .« J r a w u i/itin n A an t h # a o n r fi o ' d i r e c t o r s m a y
h o o trill imcitRitiMl 1G fitAb fiac#] T i»a r to n nxml d i v i d e n d o f fl pr»r
earn, franchises, etc., of the Crescent City R R ., clear of all
$36#y*bl<‘ < -n iy «-«jt . i f t i e t w i m l i y w , b # f o » & n f ( U f i d e m l f o r t h e y e a r i t p a i d
underlying real estate mortgages, and shall also acquire title
>r
-m m 'jt j
»iie| i d l v i -<4pthd t.o h o c u m u l a t i v e , f r o m y e a r t o
v * r ,*
“ * * r4 t / r
in a n y r o a r ftb jtll bo m a d e u p a * n o o n a * p m c t\r+bi» T* e trrafrvrrsvj #*.-• u. will n o t f*e ontltiotl to d i v i d e n d s , n o r te p a r - to the power house, so that the company shall own in fee all
twit-**f to
vsmtog* applteabli
fitv idtmda, beyond •niit flXCkt a n n u a l tbe lines of road, cars, car barns (except such as are unneces­
r n i n n l a t l k f t i f l f M i m d o f # p $T
sary to the proper opsration of the road), shops, franchises
The share* are #100 each.— V , 67, n. 090
and power house now owned bv the New Orleans City &
I-eke Erie a- Western Hr. Purpose o f Kern B on d s.— The Lake RR. Co., the CresceutOity R R , Co. and the New Orleans
company anplii d to th - N- w York Stock'Exchange last week Traction Co. .Against this there will bs outstanding:
SBCtJMTlr.S TO BB ISSIJKD AND ASSUMED.
for authority to list $1.000,000additional second mortgage
Power Honie 9“ of 1807, Issued by Now Orleans Traction Oo
bond*. President Calvin S. Brice savs :

p. m.

aid lefi undisturbed; annual Interest charge*8.5 i0, sink
lug fund * 7 ,’ 0 0 ......................... ................................ ...................$143,000
New Orleans City RR. Os of 1879 (underlying loan N. O. City
A Lake) aft undisturbed........ .................................. ................. 399 30D
Now Orleans Olty & Lake animal, mortgage 5s of 1893, due
Jan. 1, 1943. but subject, to call at 110, left undisturbed..2,599,500
IHv\dtyyi, — A* tc* fb<? repor? that the company proposed to Now Orleans Cit y Lake now general mortgage 43-veargold
bobda, to bear i per cent Interest, fur live years and 5 per
r«dtjc* tho d iri'lc tjd on it# preferred stock, the President said:
rent thereafter, to bo a ftrst mortgage on the linos of r.alMt>*erc hivk hr
p
-»r»
of the dftecLv-r at which any action on
•way of the present Crescent City Rlt. and a Hon after the
the d lfttet4 rould h
' i'r-c,n taken. Any dNciiAMon of the. auhject
above consol 5* of 1893 on the present, Hues of the New
W t i entirely Gf s nfofrnai and'pflyate character. Oao ibing i<$
Orleans OHy e Lake RK, They will also bo a lien ranking
GWflAlrt. tha r-nrifparty
il !-tv its f'i!j 'Uvidcn l If !t earns It: if it dees
equally with the said c«tt*ol. 5i on tho equity in the power
n o t a t m l i t It w ilt no
i j l f ’~ V . 97. p 121,
house. Total authorized Issu e-............................................... g 250 000

"T h e bond* »m nor a new
n« is understood in m e quarter*
bat oar* „f the original tasne ot #3,925,030. of which the com puny has
II/»3V 0",0 in tl>* % ir u n it y for *r»v«r*l yo»r», whore th«s* have
dr-wn inters? The £ ! *<>00.000 of bond* have now l»e©n »old In, part
t o prnvjd^ tlr ■r.'tiet and Automatic nOttptar* under the Intftr*9tat0
Cotoroerr^ lair and to provide other eqtiljitnent/*

THE

O ctober 8, 1898,J

CHRONICLE.

737

Of which io exchange for present $1,000,000 Crescent City
|6,290,611 had been expended and that 13,500.000 would be
RR. consol 5s................................................. ................... ; ........... j , oo o %ooo required to pay floating debt and to complete the ro if. The
To be reserved for new oroperty, as from time to time ac­
quired (notin any event exceeding $101,000 at present)
250,000 amount now estimated as necessary is somewhat larger, and
it is thought the boad issue will probaoly be limited to
5 p e r c e n t c u m u l a t i v e n r e f e r r e d s t o c k to have a prefer­
$4,500,000 instead of $4,000,000.—V . 66, p. 189.
ence as to assets as well as tor dividends, and the com­
pany to have no power to create a new lien without the
Philadelphia Reading & New England R R .— S o li.— I t
assent of a majority of the preferred stock. Preferred
stock to elect a majority of directors until dividends
the foreclosure sale on Ttmrsday the prop >rty was purchased
for five consecutive years have been paid on preferred
for $3,807,000 by Thomas A. Thacher, representing the reor­
stock. Total issue....................................................................... 2,500,000
ganization committee
The b id liig was spirited. Robert
C o m m o n s t o c k ...................... - ......................................................... 5,000,000

A. Meier, of 74 South Broad Street, representing Philadel­
phia capitalists, bid as high as $3,803,500, an 1 W . W . K urtz,
.---------—W ill receive---------- , representing non-assenting bond holders, bid as high as $3,$1,C00 of old bonds* or
A mount
notts and $100 foid itock. Outst indino. New Bonds. Pr$f. Stk. Com. Stk. 750,000. Reorganization will now be eife-ted under the
$ 1 ,0 0 0
$ 5 0 0 0a
X. O. Traction Col. Trust Os........$1,500,000
$1,000
........
........ plan briefly outlined in the I n v e s t o r s ’ S u p p l e m e n t and fully
Crescent City RR. consol. 5s.......... 3,000,000
.......
......
100 00
“
minority stock .. ..... ?■54.700
.......
110
25 00 described in the C h r o n ic l e , V. 66, page 574.— V. 67, p. 75.
N. O. City &Lake RR.. minor, stk .. 622.900
New Orleans Traction stocks—
P ittsburg Cincinnati Chicago & St. Lonis Ry. —B on d s
3
22-50
Com. pajing assessmeii' of $3.. I - qaa ,wo \ .......
.....
.....6
10 00
“ not paying assessment— 1 '
(
C alled.— Jeffersonville Madison & Indianapolis R R . first
100 00
Pref. paying assessment of $6.. £ « sac aaa J .....
.......
50 0# mortgage bonds to a total of $225,000 have been drawn for
" not paying assessment ...) • *
(
the sinking fund, and are payable, at 110, at the Farmers’
P osition a fte r R eo rg a n iza tio n .— The plan shows as follows:
Loan & Trust Co., interest ceasing Nov. 4.— V . 63,p. 756, 762.
E x ch a n g e.— The basis of exchange is as follows :

EARNINGS OF ENTIRE SYSTEM.
Y ea r en d .
N o v . 30, ’96.

Y ea r en d .
N i n e m os. e n d .
N o v . 30, ’97.
Sept. 1, ’98.

Gross earnings ..............$1,334,276
Operating expenses............
748,517

$1,23 (.2*6
817,832

$1,007,*30
622,007

Net, taxes not deducted $585,727
Plus power house earnings
............

$391,423
............

$385,532
25,348

Total net wlthout'deduotion of taxes........................
New llxed cha ges for Interest and sinking fund
($8,580 for power lions* bonds) per annum for first
five years $390,013 yearly, or for nine months. .......
Fixed charges after five years $320,013 yearly, or for
nine months......................................- ............................ .
—V. 67, p, 690.

$410,880
$217,509
$240,009

New York Was & Electric Light, Heat & Power Co. of
New York City.—S ew C om pany. This company, with an
authorized capital stock of $25,000,000, has filed a certificate
of incorporation at Albany. The directors, with one excep­
tion, are lawyers, and all apparently dummies. Tney are:
Henry J. Hemmens, Frank D. Allen, F. L. Allen, J. F. Yawger, Louis
M. King, C. N. Flint and X. W. Smith of New York City.

The purpose of the organization is not made public. The
capitalization as at present reported is not large enough to
permit the company to absorb all the gas companies of Man­
hattan borough in fulfilment of the scheme long ago sug­
gested, but an increase of the amount might easily be
effected. O a the other hand the company is more likely per­
haps to be connected with the sale of the capital stock of the
Edison Electric Illuminating Co. of Brooklyn to the Kings
County Electric Light & Power Co.
New York & New Jersey Telephone.—New S tock . —The
stockholders will vote Oat. 27th upon a proposition to in­
crease the capital stock from $5,0(10.000 to $8,000,010,Jfor
extensions and Improvements. Only about $,1000,000 will be
issued in the near future.—V. 66, p. 469.
— ja
New York k Harlem RR.—New York Central & Hud­
son River RR.— R efu n d in g o f H arlem B o n d s. —On Wednes­
day the stockholders of the New York Central voted
almost unanimously in favor of the proposed new con­
tract by which the $120,000 to be saved annually in conse­
quence of the refunding of the Harlem RR. bonds maturing
in 19 0 was to be shared at the rate of $2:0,000 for the Har­
lem and $220,000 for the New York Central. At the meeting
of the Harlem stockholders, however, Thomas Hitchcock, as
expected, objected to the proposed arrangement, and although
a majority of the capital stock was In favor of the agreement,
the shareholders agreed to let the questions of law raised go to
the courts for settlement.—V. 67, p. 690, 577, 591.J

(Jnincy (I I I .) St. R y.— M ortgaged fo r $500.000.— The com ­
pany has filed a mortgage for $500,000 to the Portland Trust
Co. as trustee. V . 67, p. 372.
Richmond N icliolasrille Irvin e & B eattyville R R .— Sold.
— A t the foreclosure sale on Thursday Col. B m n ettH Young
of Louisville, representing, it is said, Ernest Fawke of Liver­
pool, England, and Magann & Frayer of Canada, purchased
the property for $160,000, the upset price.— V . 67, p. 223.
Rockford (III ) Traetion Co.— F o reclo su re.— Foreclosure
proceedings have been instituted by the Northern Trust Co.
of Chicago under the mortgage for $200,00). This action is
preparatory to a consolidation of the Traction Company w ith
the Rockford City Ry. Co. V. 67, p. 321.
Royal T rust Co. -C om m ercia l Loan & T rust Co.— Ab­
sorbed.—The Royal Trust. Co. yesterday completed it*arrange­
ments for the purchase of the Commercial Company’s busi­
ness. Tne companies are capitalized at $500,000 each .
Rutgers Fire Insurance r o. of New Y o rk .— Oh m g e o f
C on trol and D irectors.— The Jameson & Freliughuysen in­
terests having acquired control of a in ijority of the stock, the
following new board (including nine new names) was elected:
David H Me Alpin, David Mahany, Joseph Haight, Jr., Oscar Purdy.Jame.s
Y. Watkins, Albert Craue. James O. Clark. Henry V. Wagoner. Edward R. Pel
ton George P. Secor William H. Gibson. Edwin C. Jameson, Joseph S. Freiingr,’
huysei George W. Dibble, Charles M. Jameson. Robert Kelly Prentice. Alex
ander Maaterton. Hilary R. Chambers, George W. Qu&ckenbos, William M
Cole and Edgar M. Crawford.

The Jameson & Frelinghuysen interests also control the In ­
surance Company of the Stats of N sw York, the Broadway,
and the Globe.
Sandusky Mansfield & Newark R R .— B altim ore & Ohio
R R .—P lan E n to r s e d .— Tne Gardiner Protective Committee,
representing the Sandnsky Mansfield & Newark 7 per cent
bonds, has approved and recommended tne acceptance of the
reorganization plan suggested by the Baltimore & Ohio Ad
visory Committee. The President and S cretary of the San­
dusky Mansfield & Newark also recommend the stockholders
of the road to come in under the plan.— V . 67, p. 688.
St. Louis Chicago & St. Paul Ry.— Reaeiwer.— At Soring
field, I1L, Oct 1. Jadge Alien in t ie U n ite ! States Circuit
Court appointsd W illiam H Male of New York receiver of
the road, on application of the Mercantile Trust Co. of New
York, the mortgage trustee. Tne receivership is incidental
to the foreclosure of the mortgage of 1897 for $1,350,090, in
terest on which went to default May t. It is uuderstooi the
property will be consolidated with the Chicago Peoria & St.
Louis, which is controlled in the same interest.— Y . 66, p. 135.
Seaboard Jt Roanoke R R .— O il Officers Re e le c te l — A t
New York National Exchange B ank.— New O f f i c e r s .— Y es­
terday at a meeting of the board of directors W . H. Albro, Richmond, on Sept. 29, Judge Simonton of tUe United States
Court
revoked the order of Oct. 2, 1897, restraining the v o t ­
H. A . Blyth and John Guth resigned, and were succeeded by
Hudson Hoagland, Vice-President National Broadway Bank; ing of the company’s pooled stock oy L o an McLane and
James M. Donald, Vice-President Hanover National Bank; Leigh M. W atts, the pooling committee, except so far as the
Robert H. McCutcheon, S e ’ retary United States Printing prior order related to about 1,509 shares of stock sold to the
Co. D. B. Halstead resigned as President and James Row­ Raleigh & Gaston R R . This left the pooling committee free
land was elected his successor. Mr. Halstead has been an to vote the great balk of the pooled stock in the interest of
the Hoffman m magement for which the pool was created.
officer of the bank for forty-seven years.
Accordingly, at the annual election this week the Hoffmau
New York & ({neons County R y .— D efa u lt.— Default oc­
ticket was re elected. Tnomas F. Ryau, it is stated, will
curred October first on the coupons then due of the $2,000,000
continue in the Federal courts the fight begun two years ago
first mortgage 5s of 1896. The company has been carrying a
to secure the election of a new management in his interest.
large floating debt ($1,297,114 Jane 30, 1898), and it is claimed
(See V . 63, p. 921; V . 65, p. 685 )—V . 67. p. 579.
the long distance passengers are carried for five cent* has
Staten Island Rapid Tran sit Co.— Notices t > H old ers o f
made its large business unprofitable. The negotiations for
the merger of the Brooklyn roads are understood to have been First M ortg a ged } — The Investment Company, of 310 Chestnut
about concluded, and it is well within the possibilities that Street, Philadelphia, referring to the offer of Dick Bros. &
this road may be included in the general consolidation be­ Co. quoted last week, requests the deposit of first mortgage
lieved to be pending. In any case the default is the forerun­ 6s of 1913 under an agreement which has been prepared for
concerted action “ to secure an order of court for tli > receiver
ner, it is said, of thorough reorganization.— V , 67, p. 29.
to pay the defaulted interest and to preserve the integrity of
''N orth w estern Elevated Ry. o f C hicago.—Bonds.—L’on- the first mortgage as against floating debt or the interests of
stru ction Resumed. —Tne stockholders of the Columbia Con­ junior securities.” The Investment Company is prepared to
struction C j. received circulars last week stating that they advance to the holders of bonds deposited with it nnder the
could subscribe for the bonds of the elevated road at 90 and terms of the agreement the interest due the 1st of October,
accrued interest, during the ten days ending Oct. 8. Work 1898, and if the litigation should be sufficiently protracted
was resumed on the structure on Sept. 29. Some of the bonds the interest payable April 1, 1899.
Bondholders in New
it is understood have been sold, while the contractors have York can deliver their bonds to Dick Bros. & Co., bankers,
quite generally agreed to take the company’s notes, secured 3) Broad Street, New York, for transmission to Philadelphia.
by its bonis as collateral, in payment for the work as it
A committee consisting of J. W . Davis, Chairman, 9 Broad
progresies. Early in the year President Lo iderback said that Street: T. Denny, Jr., 62 Cedar Street, and F. ,T. Lisman, 30

THE CHK0N1CLK.

7as

Broad
si»o with « view !» p e tn 'tiB g the interests of
ati (he bondbM dm , invite* deposit* of the bond* with to *
Gttar»n*v Trust Co,, corotr K a » « u and Codar street*, New
York.— v .
p. « « .
S tr s r n w B*pl<t Tran*It C•.— L oon f o r Im provem ents.—
The stockholder* h*v* snthorised a $ 00,000 second mortgage
to provide for improvements. It, has been proposed to borrow
fEijo.Ooo with Use new bonds as collateral.— v . (56, p, 385,
Texas Jfc Pacific RK. — B o o t s Called. —First mortgage
bi.o.if. Eastern division, dated M*V 15, 1875, to the aggregate
amount of $4$*,0l*o (of the total $3.7*4,000 outstanding) have
been designate 1 by I t for payment. In accordance With the
terms o f tin* sinking ftunl, and will be paid at par and interest
on or before Match 1. 189#,— V . 67. p. 75.
Third A t. HR. Co. of New York. -O fficia l S tatem ent.—
$ru> Stork. Possible Consolidation. —A statement appeared
its some of the daily paper* last week to the effect that the
company m
proposing to consolidate with its branch lines,
and that for improvements and other purposes it was likely
to inert-.<>•• its capital stock to over $50,(XX) 000 In response
to our inquiries. Secretary Alfred Lazarus explains the com­
pany'* ro:ti Intention* as follow#:
‘ •’For the purpose o f paving its iloating debt incurred in
the acquisition of the securities of other street railways, and
for changing the motive power of the main line and these ac­
quired lints, it is the policy of the board of directors to issue
stock, from time to time, instead of issuing b inds. Two mil­
lion dollars of slock now in the treasury and long since an
i spirited to be issued is novr lieing issued, and further issues
will be made in all probability, from time to time, as ad* will be required. The amount required for
improve m enu will not be more than $15.000 0 0 ', and the
f s'oek issued in any event will not exceed
$35.i.!fsiU> 0. A consolidation between the present Third A y.
nod * am* of its affiliated companies is being consi iered, and if
can led out the additional stock will be that of the consoli­
dated company.”
Application was made this week to the New York Stock
Exchange to list the #2,000,000 stock now being issued,
making the total capital stock outstanding and listed $12,000.000 —V . 67, p. 691.
Tradesmen's National Bank o f New York, D oors Closed.
— The door* of this institution were closed on Monday at the
instance of the learing House Committee, which made a
partial examination and reported that it found the capital
impaired. The extent of the impairment is uncertain.
Union Depot of Spokane Fall#, W ash.— Foreclosure Safe
v,
* Tins property will be sold Nov. 12, under fore
closure of the first mortgage for $ 4 73 ,0 1 0 , the interest on
which has long t e*n in default. The upset price i8 $250,000
Tnion I’ aciffc Denver .v. Gulf, -T h e reorganization plan
Mi;-d this week will be found on page 748 of tod ay ’s
C hkom cml

Fniteil State* Oil Co.— N ew S tock.— The company has is
sued i".i> shares of new stock, increasing its total capital to
50.000 share*, of the par ralne of $23 per share. The new
stock waa sold to the directors and their friends at a price
said to be from $18 to $20 per share. The proceeds are to be
need to pay for new properties and to increase production.
A m i# C allnt. — Bonds to the number of tnirty have been
drawn, and will be redeemed at par on presentation at the
American Loan ft Trout Co., Boston,
United States Rubber. -P resid en t C o n te s e o f B o s to n
R ubber C o . b t c o m e s a D irecto r. — Hon. E. S. Converse Preai­
dant of the Boston Rubber Shoe Co., was elected a Director
on Thursday, at which time it was officially announced that
a rootrailing interest in hia company had been acquired.
D ividend. —lo view of the payments for the Bostou RuHl«er Co., and for other reasons,t-h* Directors, it is stated, have
p stponad action on the common st-c k dividend until Jan
nary next, The business of the company, it is reported, is
exceptionally good. The quarterly dividend of 2 per cent on
the preferred stock has been declared, payable Oct, 81 of
record O tt. 15.1898,— Y . 67, p. 691.
Union Snitch A Signal— National Switch A Signal.—
The stockholders of the Union Switch & Signal Co. of Pitts­
burg. cm" of tho W> -tinglion?" comoatne*. will vote Dec.
13 m a proposition to authorize #500.000 5 per cent gold
i >n I* Old to ratify the purchase of the entire capital Mock
of the National Switch & Signal Co. A portion of the bonds
wilt he used for the pnreha- of the National Co., and the re
niaieder lor improvement*, etc. Thu National works at
Easton, employing some 500 men, it is understood, -111 be
brought to Pittsburg. Both the Union and the Nat-i mil
companies own valuable patents for the manufacture of the
block signal systems and have of la e operated in harmony.
The last •nnual rep rt of the Union company waa in the
CllBONlCLK of April 16,1898. page 758,
IVjlkeyharrc! Electric Ligh t,— P u rchased.-— Edward C.
Jones, B»nk»r, of 1 Nassau Street. New York, and Abram
Nesbitt and E W . Mulligan, respectively President and Cush
ier of the .Second National Bank of Wilkesbarre, and their
associate*, hare pur- baaed the Wilkesbarra Electric Light
Co, of Wllkesbarre, P*. T o«w are the same parties who re
costly purchased and consolidated the gas interests of Wilkes
bsrre. The price paid Is not stated, but it is understood to
have been large. The capital ato k ia given as $1 0,000.
W

*•*

litw ie m i

•»« r u t T*S.

[V o l . LX V11.

R e p o r t s

a u t l

I ) o

c u m

c u t s .

L O U I S V I L L E & N A S H V LL E R A I L R O

D CO.

FO RTY-SEVENTH A N N U A L REPORT—FOR TH E
FISC A L Y E A R ENDED J U N E 80, 1898.
To the S'oekH it lerg iiif Hi, Louisville & X a R v ille R a ilro a d
C om pany:
The Board of Directors of the Louisville & Nashville Rail­
road Company respectfully submit their report for the fiscal
year ended June 30. 1898. as follows:
LENGTH OF ROADS.

The length of roads operated by this Company, and of
those in which it is interested, at the close of the fiscal
year, June 30, 1898, is as follows:
L— O w n e d a b s o l u t e l y o r T h r o u g h t h e O w n e r s h ip o r
t h e E n t i r e C a p i t a l S t o c k ......... ................. .............. 2,638-53
I t . - L in e * o v e r W h ic h T h is C o m p a n y R u n * I t s
T r a in s , t h e E a r n in g s o f W h ic h A c c r u e t o
T h is C o m p a n y :

Birmingham Mineral RR.—Blootonto Bloot'n Junction
Gurnee Junction to Blocton..
.

7-91
11-41

2232

I I I . - O p e r a t e d u n d e r L e a s e , E a r n in g s in E x c e s s
o f F ix e d C h a r g e s A c c r u in g t o T h is C om ­
pany:

Nashville A Decatur Railroad—NoBhvtlle to Decatur.. 119 24
Shelby Railroad -AuohorAge to Shelbyville................... 1910
— -----

138-34

IV . - O p e r a t e d f o r Ac co u n t o f t h e So u th & N o r t h
A l a b a m a R a il r o a d C o m p a n y :

South & North Ala RR -New Decatur to Montgomery. 182-67
We tilinoka Branch—ELmore to Wotumphu....................
6 30
----------- 188-97
V.
—O p sr a t e d U n d e r L e ase
F o l l q w i n g Co m p » n I e « :

for

A ccount o f th e

Southern Division Cumberland A Ohio Railroad—Oil miierland A Ohm Junction to Greenaburg.......... ....... 30-90
Glasgow Railroad -Glasgow Junottonto Glasgow . . . 10-50
Elkiou & Guthrie Rallroa i—Elkton Junot. to Elktou 10 92
52-32
VI.

—O p e r a t e d , as A g e n t , f o r j . A . M
R e c e iv e , t o D e c e m b e r 3 1 ,1 8 9 7 .

id d l e t o n ,

Northern Division Cumberland A Ohio Railroad—Sielbyville to Bloom Held...................... ...................................................
VII. —Lin e s i s W h ic h T h is C o m p a n y I s I n t e r e s t e d

26-72

a s O w n e r o f a M a j o r i t y o f t h e C a p it a l s t o c k
in t h e C o m p a n y t h a t O p e r a t e s t h k R o a d .

Naahvil e Chattanooga & St. Louis Railway..............904-L0
Nashville Pmrenoc a Sheffield Railway—
Columbia to Sheffield.............. ............................8 2 1 3
West Point Branch—Iron City to Pinkney ...1 1 -7 8
Napier Br null —Summertown to Napier........ LO-92
Sh ill eld <fe Tusoiunbla Rtilrnad—Sheffield to
Tuseambia (leased front L. & N. RR. o.) ....... 2-61 107-46
Henderson Bridge and Connecting Traok.....................

10 06
1,021-62

V I I I . — L in e s i s W h i c h t h i s C o m p a n n y i s I n t e r e s t e d
as L essee.

Georgia Railroad anil Dependencies............ ....................
IX.

L i n ks O w n e d n u r N o r O p e r a t e d

by

615 09

T h i s Co m ­

pany.

Paduoah A Memphis Division (leased to Nashville
Chattanooga A *c, Louis Railway) ....... ...... .............. 254 20
Ceoilm Branch, Louisville to Cecilia Ju euun (leased
to Chesapeake OhIo,4s Southwestern RR. Company
at $ O.IKlO pur annum).................................................
4,6-00
Clarksville v Pnuoeton Branch, rroiu Gracoy to
Prineeton (leased to the Ohio Valley Railroad Oomp»ny at S1 2 1) 9 70 per annum)..........
................
20'70
New and Old Decatur Belt A Terminal Company (from
which no earnings accrued)..........................................
3-62
-----------

324-52

Total Mileage................................................................................. 5,028-34

The earnings and expenses in thi* report are based on an
average of 2,983 miles, as shown in Table No. V II. A tten ­
tion is called to the tables submitted herewith for details of
the year's business:
I. Income Account, Fixed Charges, etc.
II. Profit and Loss Account.
III. Balance Sheet, condensed from General Balance Sheet.
IV. General Balance Sheet.
V . Bonded Debt, in Detail.
V I. Securities Owned by the Company.
V II. Gross Earnings, Operating Expenses and N et, by
months.
VHJ. Gross Earnings. Operating Expenses and Net. sum ­
marised.
C A PIT A L STOCK.

There has been no change in the Capital Stock this year;
the amount is $55,009,000,
Included in this amount is
$2,200,000 held in the treasury. The. additional Increase of
$5,000,000. which was authorized N o v em b ers, 1893, has not
been issued.
BONDED D E B T JUNE 30, 1898.
The bonded debt as per Table No. V., last
year’ s report w as............................................ $93,520,660
B

onds

Iss

u e d

—

Unified FiftY-year Four

per

cent Gold B on ds.................. $7,445,000

Pad no a)l <Sr Memphis Division
Fifty-year Four per rent Gold
First M ortgage B u n d s .......... 4,330,000
Louis-ill'- * NsahvlUeRR Go
Five-Twenty Collateral Irust
Four percent Gold Bonds___12,500,000
Total Bonds bsued,..............

24 275 000
f-------------------$117,795,660

THE

October 8 1898.1
B r o u g h t f o r w a r d .................................................
D

e d u c t

B

o n d s

R

e d e e m e d a n d

C

a n c e l e d

CHRONICLE.
The average length of roads operated was 2,988 miles.
1897 98.
Gross earning* per mile ........................................$7,361 66
Operating expenses per mile................................. 4,993 88

$ l I 7>795>toto°

—

General Mortgage Bonds canceled for ill 1 sinking fund---- $2o4,000
Cecilia Branch Bonds canceled
56,000
for the Sinking Fund . . . . ---Evansville Henderson & Nash­
ville Division Bonds canceled
44,000
for the Sinking Fund........ . . .
Pensacola A Atlantic RR First
Mortgage Bo ds canceled for
41,000
the Sinking Fund....................
Lou. (’in. & Lex. Railway First
Mortgage Bonds, Seven per
10,000
cent, re leem ed .......................
Consolidated Mortgage Bonds,
Seven per cent, redeemed... 7,001,090

in c o m e

-y

Fo

e a r

u r

p e r

c e n t

G

B

o l d

o n d s

is s u e d

w h ic h

D

e d u c t

—

Bonds redeemed during the year...................

7,406,000

Increase in Bonded Debt.................................................... $16,869,000
The Bonded Indebtedness J'jne 20, 1898, as shown
above, is ...................................................................... ..............$110,389,660
F

r o m

w h ic h

d e d u c t

th e fo llo w in g B o n d s

i n t h e Treasury—
Lebanon & KnoxvUle Branch Bonds, Six
per cent......................................
Pensacola & Selma Division Bonds, six per
cent............ .....................................................
Pensaoola & Atlantio Railroad Company
Bonds, Six per cent.........................................
Unified Fifty-year Four per-cent Gold Bonds
Paducah <fc Memphis Division Fifty-year
Four-per-cent Gold First Mortgage Bonds

$1,500,000
398,000
887,000
2,653,000
330,000
$5,768,000

D

e p o s it e d

w it h

U

n it e d

St

a t e s

T

r u st

m p a n y as Collateral for Five-twenty
Collateral Trust Gold B ondsUnified 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

Co

D

e p o s it e d

w it h

F

' L *»a n & T
f o r Georgia

a r m e r s

I
A verg ei
H i lt s
G ross
O p e r a tin g
N et
O perE a r n in g s E x p en se s. E a r n in g s
a ie d .

Sid

Z
1 0 ,3 2 6 ,0 8 5
1 1 .4 1 9 ,0 9 2
1 2 ,0 5 8 ,4 4 4
1 3 ,7 9 2 ,1 2 2
1 4 ,3 8 2 .6 4 2
1 1 ,8 6 3 ,7 8 4
1 2 ,2 7 7 ,7 7 3
13 5 0 5 ,2 o 0
13 8 4 9 .2 1 8
1 4 ,9 2 1 ,7 3 0

%
6 ,2 7 3 ,3 1 0
7 ,4 2 6 ,9 1 1
7 ,1 6 2 ,2 8 4
7 ,4 4 3 ,5 9 9
8 .0 2 0 ,9 9 i
7 ,1 1 0 ,5 5 2
6 ,9 9 8 ,2 2 "
6 .8 8 5 ,5 0 5
6 ,5 2 3 ,0 8 9
7 ,0 7 4 ,9 2 2

G ross
E a r n ’gs
ver
M i le .
%
7 ,6 7 9 0 8
8 ,5 7 3 19
8 .5 4 1 3 3
7 .4 3 0 5 0
7 6 1 5 03
6 ,4 1 8 97
6 ,5 2 1 01
0 .8 7 7 14
6 .8 3 1 22
7 ,3 6 1 6 6

in g s

00
70
58
84
00
00
00
33

N et
O oeraV g
E x p e n ' s E i r n 'g s
per
ver
M i le .
M ile .
%
4 ,7 7 6
5 ,1 9 4
5 ,3 3 6
4 ,8 2 5
4 ,8 8 8
4 ,0 1 3
4 ,1 5 3
4,554
4 ,6 4 5
4 ,9 9 3

97
63
54
94
08
48
53
88
95
88

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

11
56
79
56
35
49
48
20
27
78

.a«
62*21
60*59
62*74
64*95
64*20
62*53
63*69
6 6*2 3
67*93
678*4

&

D E C A T U R D IV IS IO N .

—

South Nashville, Tenn.—Cumberland race
track siding extended.............. ............ ...........
Mile 207-Spur track for F. F. Clowson ........
850,000

L ess Mile 291—Spur siding taken up

24,618,000

Increase in outstanding Bonded Debt.............................

a l l a st

B

r id g e s

3 5 3 ,3 8 3 33

-----------------------

17,470 83
R

a il s

—

Value of the difference In the weight of new steel rails
used to replaoe rails of lighter w eight........................
590,776 45

S

u n d r ie s

$381 55
341 87
---------------- $39 68
Wire fencing for sundry persons on Lina of Road
6*2 19
---------------- 681 8 7
Total.............................................................................................$29,847 50
COST OF ROAD AND EQUIPMENT.
The cost of the road to June 30, 1897, was ...................$110,483,393 34
To which add the following:

$5,612,342 07

S

o u t h e a st

& St. Lo

u is

R y .—

Grading in Yards K. 8 1 .Louis $1,472 23
New Freight Depot and
Tracks East St. Louis....... 31,181 20
C

u m b e r l a n d

V

a l

'

y

B

r a n c h

$32,653 43

—

Right-of way and changes in
connection atCumb’ i Gap $1,093 75
Cost of lining Cumberland
Gap Tunnel.......................... 23,186 22
L ess sales of land..........
P

a d u o a h

& M

e m p h is

D

iv s io n

$24,279 97
2.400 00
—

Cost of rmprovomentsand Betterments
S

419,955 19

3,367 65

—

Retracing ca rv e s...............................
Less Amount expended iu 1896 97

Total income............ ..........................................................$7,605,699 13
F r o m W h ic h DKDUCT-*Charges a ga in st insosus:
Interest.........................................$4,815,938 14
Rents...................................
156,594 44
0 4 0 ,2 4 9 49

1.135 97

—

Duck River, No. 17.................... ......... $14,388 0 >
Less Amount charged in 1896-97.
13 59
---------------- U4,374 41
Richland Creek, No. 24...................... $3,loo 09
Less Amount charged i n i 89 6 9 7 .
3 58
3,093 42

Gross earnings................................................ $21,996,652 82
Operating expenses, 67*84 per c e n t ....... 14,921,730 14

$236,893 12

0,514 27

—

New d-pot, Ewells, Tenn....................................... $1,0 0 00
Cumberland race trace—horse platform ex­
tended. South Nashville.....................................
135 97
---------------B

676 91

—

u il d in g s

GENERAL RESULTS.

N et e a rn in g s from traffic, 32*16 p . c .................................$ 7 ,0 7 4 ,9 2 2 68
T o W h ic h A d d :
In e o m e iro m ren ts , as p e r sta te m e n t

$796 85
119 94

Road-bed improvement.......................................... .................

$5,268,000

The general results from operations for the year were:

$489 54
397 3L

$
B

Loss on Georgia Railroad.. $162,620 07
Loss on other roads.............
12,436 20
D i s c o u n t on
bonds received
for S i n k i n g
Fund paym’ts $41,907 50
S i n k i n g Fund
payments for
which no bonds
are received,
charged to this
account
and
c r e d i t e d to
profit and loss
account........... 120,100 00
162,007 50
Unfunded discount
......
26,375 03
South and North Alabama
RR Co. surplus ear. ings
for year included in g oss
earnings . . . ........ ...............
56,47 2 39

Z
2,161*64
8 9. 1 6,.599,396
2,198*25
9 0. 1 8 .8 4 6 ,0 0 3
2.250*32
9 1. 1 9 ,2 2 0 ,7 2 8
2,857*91 2 1 .2 3 5 .7 2 1
2,9 4 293.
0 3 2 2 ,4 0 3 .6 3 9
2,955*98 1 3 .9 7 4 .3 3 0
2 ,955*98 1 9 .2 7 5 ,9 9 3
2 ,9 6 5 -0 0 2 0 3 9 0 711
2,9 8 0*9 3 12 0 .8 7 2 ,3 0 7
2,988*00 2 1 .9 9 6 ,6 5 3

N A S H V IL L E

18,000,000

Leaving the o u t s t a n d i n g Bonded Debt Ju n e30,1898.. $85,771,660
The outstanding Bonded Debt June 3 ) , 1897, w a s ..........
bO.5O3,06O

T a x t s ................................................

$60,000
12,039
154,772
10,080
220,030
58,260
1 25.050
50,513

Total................................................................................... . . . $653,9 >0 13
CONSTRUCTION ACCOUNT.

C o m p a n y as Collateral
Rail­
road Lease—
Louisville & Nashville, Pensacola & Selma
Division First Mortgage Bonds, Six per
cent......................................................................

In co m e from in v estm en ts, as p er s ta te­
m ent fo llo w in g .................................................

$2,188 27
.

IMPROVEMENT ACCOUNT.
The follow ing expenditures m ade d u rin g the year for
equipm ent, im p rovem en ts and ad d itions to the several
properties, w hich heretofore were charged to C onstruction
A c c o u n t, have been charged to O p era tin g E xpenses, and
are as follow s:
Equipment, additional passenger equipment...................... $35,873 99
Air brakes applied to locomotives....... .................................
29,976 74
Air brake? applied to fre ght cars................................
105,309 62
65,35 i =>0
Automatic oouplers applied to freight oars ........................
Reduction of grade......................................................................
816 98
Right of way..................
.............................
............
2, 57 00
Real estate......................................................................................
16,076 50
8ide trucks, 16 0-10 miles............................................................
99,030 36
Tuunels ..........................................................................................
24,218 28
Bridges...................................................
34,664 *0
Trestles ..........................................................................................
,874 44
Filling trestles, 4.085 lineal feet..............................................
14,997 06
Ralls-value of the difference of new steel rails replacing
rails of lighter weight ......................................................
.
44,020 51
Ballast, 320,688 cubic yards...................................................... 102,621 62
Buildings.....................
41,393 41
Fencing on line of road, 164 9-10 m ile s ...............................
34,510 62
Fire protection ou line of road........................................... ......
i ,5s5 02
Other items.....................................................................................
3,266 68

r u st

following.................................................

in v e s t m e n t s

(Cents omitted in “ Gross Earnings," “ Oper. Expen." and “ Net Earns.")

1888188918901 89 1- 9 2.
18921 8 9 3 - 94.
l-'v-G-Wo.
1 8 9 5 -9 6 .
18U6-P7.
189 7-98 .

Total................................................................ $24,278,000
r o m

f r o m

The growth of traffic for the past ten years is shown by
the following table:

Y ea rs.

for the following purposes:
For LonisviUe Cin. <k Lex.
First Mort. Bonds redeemed.
$11,000
For Consolidated Mort. Bonds,
Seven per cent, r deemed — * 6,981,000
For Bonds redeemed for Sink­
ing Funds...................................
361,000
For expenditures lining Cum­
berland Gap Tunnel................
92,000
-------------------- $7,445,000
Paduoah A Memphis Division Fifty-year
Four per-cent Gold First Mortgage..........
4,330,000
Louisville & Nashville Railroad Company
Five-twenty Collateral Trust Four-per­
cent Gold Bonds................................................. 12,500,000
F

a n d

Total........................................................................................... $590,776 45
GROWTH OF TRAFFIC.

7,406,000

The increase is accounted for as follows :
if t y

r e n t s

The income from these sources is as follows:

Showing an increase over last year of.................................... $16,8b9,000
F

f r o m

Rent of Cecilia Branch ................................................................
“
Clarksville & Princeton Division...............................
“
Paducah & Memphis Division.. . . .............................
“
St. Louis property......... ...........>................... ...........
Income from Nashville Chattanooga & St. Louis Ry. Stock.
“
Nashville A Decatur RR. Btook ......................
“
Henderson Bridge Company Stock.................
"
Sundry Bonds and Stocks .................................

Bonded Debt Jhne 3 0 .1 8 9 8 ............................................$110,389,660

n if ie d

1896-97.
$6,834 22
4,645 95

Net earnings per m ile .................................. .. $2,367 78

Total Bonds redeemed and canceled...

U

39

M

6,032,797 26

Net Income for the year.....................................................$1,632,901 87

h e l b y

C

u t -o f f

—

For Ballast...................................................
o n t g o m e r y *
P r a t t v i l l e RR.—
Rightof way in Elmore County, A l a . ..

21,879 97
278,871 73
553 91
45 00
$334,004 04

THE

740

4 i j # A / o$

C H R O N IC LE

fu Q tjty jO S 94

c m to iT # >
A M « * * a- M i n BJU1* t U i —

8*l«*of Ua4 .............
toC U V IU U K

COCCUnUTI

A

}.*sux©t*** R t —
&*!*« o* L*mS ......... .......
Pm»AGQC% A SllLMA Hit —
tint)
,««
IUU'LE*!'"I»1«> HK V&itt© of r*U§ aumSivliflM r*«
taoved fwm trA<sk i&keu
«P *P*t *vin4rjr mtinten*

*,050 0$
t? o o o

&siM o f w * y to o l* And ra»-

terUU...................................

14,572 07

30,301 07

313,612 97

Total coat to June 3 0,1 8 9 8 , as per Ta-blo No. IV. $110,797,006 31
RAILS.

At tho clovt of tho focal year ended June* 30, 1397, there
were in track:
Steel ra ils.........................................2 3 8 9 41

Ir*u rmlia.............

75*54
2,935 15 tulles

T h e length of t h e Main Stem ha* ttten in-

«r«a*t 4 »*T the treatle between College
HUtwt and Cbaruh Street depot*, NashTillc........ , .................. ......................... .

-69 tnilea

Total............ ............................. .......................................... *2,9§5'84 miles

Fifteen amS 73-100 miles o f old steel from main lines was
teed to replace old Iron on branches.
There are in track, therefore, on June 30, 1893;
Steel mil*.
... ................................ ...........2,906 03
Iron rail* ........

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

59‘8L

T o t a l . . . . . . . ...................... ......... .........................................2,965 8 4 miles

Two hundred and ninety-three and 48-100 miles of track
have been rabid with new steel rails during the year, o f
are of the 70*lb. pattern and 7*89 miles
are o f the 80-lb. pattern.

[V oi.. LXVI1

PAYMENTS ON AC00UN T OF SINKING FGND8, 1-98-99.
Mem* Clarks & Louis. RR Storllng ... Aug, 1, 1 8 9 8 ..$ 3 7 ,133
Metn. Olfir h. A- Louis. R R Sterling. ..,F e b . 1, 18 99.. 12,83$
Louis. & Ha *!), and South 4b North Ala.
RR. rruet Deed...................................... Oct. 1. 1898.. 20,004
EvauiviUu Hen A Nash. Division........Deo. 1, 1 848.. 41,000
PeilRaool*«fe Atlantic Railroad............. Feb, 1 ,1 4 9 9 .. 48,401
Cecilia Branch .......................................... M’o h l, 1899.. 55,0*0
General Mortgage.....................................Jane 1,1899..290.400
-----—— $507,766
South & North Ala. RR. Sterling..........Nov. 1 ,18 0 8..$5 3 ,31 1
South A North Ala. RR Sterling..........Doe. 1. 1898.. 53,460
South «fc North Ala. RR. Sterling..........May 1, 1899.. 53.311
Nashville A Decatur R ailroad.............Apr. 1, 1899.. 13,000 173,082
Total....... .................................................................... ................... $680,843
GUARANTIES FOR OUTSIDE COMPANIES, ETC., 1898-99.
Lease of the Georgia Railroad <Oouiaville & Nashville Railroad Com
pauy sole lessee)—
Total yearly rent under lease....................................................... $600,000

By reference to the General Results statement it will be
seen that there was a loss on this lease for the past year o f
$162,620 0?.
Sou;herti Die, Cumberland & Ohio Railroad, guaranteed
interest, due Sept. 2, 199S. date bonds mature....... ............ $10,50®
Nashville Florence & Sbcflield Rail’y, $ ; , 03b,000 of Fiveper-cent bonds, guaranteed iuterest ....... .........................
101,800
BONDS r s THE SINKING FUNDS.

The trustees of the Memphis Clarksville & Louisville
Railroad Company First Mortgage hold the following bonds
for the Sinking Fund, and cash uninvested §365 55.
117 Louisville & Na»li, RR. 5% Trust Bonds, $1,000 eaoh.........$117,000
14 Peosa. A Atlan to RE. 1st Mort. Bonds, 6 %, $1,000 each. 14,000
2 Nashville C h a t.* Sc. Louis Ry. 1st Mortgage Truey Oity
Braocli Bonds,6 %, .1 ,0 00 saeli...................... .............. ..
2,000
30 Nash.Chat. & SC. L Ry. Bon A1r Br. 8 onds, 6 %, $1,000 each 30,000
93 Nash. Fior. & Shell. Ry. 1st Mort. Bonds, 5% $1,000 each.. 93,<100
58 8 . & St, Ala. RR. H% Consol. Mort. Bonds, 5 % , $1,000 ea*h. 58,000
4 9 7 Lon.& N RR UniHed 5u-year4?o Gold Bonds, $1,000 eaeh. 4 9 7 ,0 0 0
64 Nashville Chattanooga & St. Louis Ry. 1st Consolidated
. Mortgage Bond-, 5%, $1,000 each........................................ 64,000
36 Pensaooia Dlv. 1st Mortgage Bonds, 6 %, $1,000 eaoh . . . 36 000
13 Louisville <fcNashville RR. 5 % Gold Roads, $1,000 each.. 13,000
Total...................................................................... ..........................$924,000

The trustees of the Nashville & Decatur R iilroad Com­
INTEREST CHARGES FOR 1898-99.
pany First Mortgage hold the following bonds far the Sink­
The interest charges against Income Account are esti­ ing Fund :
763 Nash. & Decatur RR. 1st Mort. Bonds, 7 % , $1,000 eaoh..$762,000
mated as follows:
B en d ed
A m ount o f
The trustee of the South & North Alabama Railroad Com­
I n d e b te d n e s s .
In U n s t.
Ooacol. Mort. Bond#, 7 •, due April 1, 1898...
$69,000
............ pany Sterling Mortgage holds the follow ing bonds for the
Sinking Fund, and cash uninvested §2,777 50 :
City of LooUvUle, Lebanon Branch Extension

r BAk’o Bond#, 6 . ...........................
icM. hii-rlimr M«»n. Bon»l*,7%.
Memp Ciark*r.ALo»Uv.RR8tor M rt.Bds.6%.
Oeciiia Brand! Fir»t Mortgage Bonds. 7 % . . . .
g?aa*v.H«Q4Vn& *a*hv.OlT.mMw.Bd«.6 v
Pensacola Dlriiloo Flntl Morigagft Bond#, 6%.
Labdiii-tn KaoxxUlQ Branch Bo&dl, 6% ...........
*• Mart Bond*.6%,
BowtfeMftt A 64. L Dir. See. Mort. Bond*. 3% .
Loatav ,v Niubv. RR.
6ink’*t Find Bond*1.
N. Orl<*»n* A Mobile Dlv, Firtt Mort- ild*. 6SX- OrIfan* »v Mobile Dlv. ftee Mort. B»ta G % .
Louisville Cincinnati A Lexington Railway
- M■ - ^
s' •- !•-.
•. due Jan 1, 1897.
Doulftv. On. A- Lex. By. t*ee Mort. Bda. 7 % ...
L&eu
tr.aen ,m o r t.B d a 4 % 9 t
PenMvr*!® A* 8 rim a Division Bond*, 6'A .. . . . . .
Pensacola ,V Atlantic RR First Mort. Bda,6%.
Fivc-per cent Fir*t Mort.Trust Gold Bond*..
Flnat Sfortgagr Z>% Fifty ye ar Gold Bond*....
Gained Fifty-year 4 ^ Gold Bond*.......... .........
Kentucky O u t, By, First M. 4 c Gold Bond*.
May ftv A* ixix. RR. Northern Dlv. 7 - Bond*.
Loutav Hy. Tran tier Firm Mort Sonde, 8 % ..
St, h Property 20 year 57-e OolS 1«t M. Bond*
L. A N- and Mobile A M utfotmry By. Oo
Gold Ftr*t Mortgage H o a d * .................. .
Pad ora h A M e m p m * Dlv. FUty-yoar 4% Gold
First Mortgftg.’ 6ond»...
. . . . . . . ..
l^ulAYlUe A Nashville RR Co. five twenty
Collateral Trt»*t 4% Gold Bond*.. . . . . . . . . . . .

l ,000
............
10,133,000 $602,160
3,500,000
248, 84
1,996,660
120,424
545,000
36,866
2,023,000 120.40'J
680,000
£4,800
1,600,000
50,000
3.500,000
210,000
3,000,000
90.000
1,960,000
117 ,**00
5.000,000
300 000
1,009,4 00
60,000

6,000
............
892.000
02,440
3,258.000
U 6.6T0
1,248,000
74,880
2,753.000
164,080
5,129,000
256,450
1,764,000
*8/200
31,647,<>00 1,265,880
6,-42,000
269,680
40O.000
28,«'00
286.000
22,880
617,000
30,850
4,000,000

180,000

4,330,000

173,200

12,500,000

500,000

Total Louisville A Ka-uhrUlA RR, Co,
$110,389,060 $5,294,184
D'-i :>*ur UK Fir«i Mon.. Read*, 7 ho- $2,100,000 $147,000
Jtaaftv. A- Otcotur RR. 8 took® 0?i, guarmiHed
hy
fill r .u ......................... ........
2,365,532
142,385
l<rt3tb A North Alabama RR Sterling Mort.,
fiorM*. 6
* ndoraftd bv 1. A N RR. C o ......
3,557,960
2U .674
E-o. A No Alabama HU. 8rrend Mort lTik<i%
2,000,000
120,000
So A No. Alabama RR. Cenwdldated Mort.
Ika-1*. r, , . t
L I. A N . RR. Co.......
4,330.000
216,600
9 #»iubort. Ar N»*hv. H j . Fjr#t Mort- B*d*.
1,200,100
72,000
ghHhy HR. Rent, .................................................
............
15,000
f 16,663,492

$927,469

235 Louis. & Nash. RR, 5% Trust Bon is, $1,000...................... $235,000
5 Louis. & Nash. RR , Pensacola Division, First Mortgage
5,000
Ronds,
$1,000 each..........................................................
40 Louis. & Nash, KB. General Mortgage Bonds, 6 %, $1,000
eaoh.............................................................................
191 Pens. & All. RR. First Mortgage Bonds, 6 %, $1,000 eaoh. 191,000
117 South & North Alabama RR. 5% Consolidated Mortgage
Bonds, $1,00 < each.................................................................. 117,000
99 Louis. & Nash. RR. Unified 50-year 4% Gold Bonds,
$1,000 eaoh................................................................................... 99,000
Total....................................................................................$687,000

The trustee o f the Louisville & Nashville and South &
North Alabama Railroad Trust Deed holds the following
bonds for the Sinking Fund, and cash uninvested §736 97:
6 6 Lou. & Nash. RR, 5% Trust Bonds, $1,000 «aoh ................ $66,000

34 Lou. & Nash. RR. and Sou. & Nor. Ala. RR. Fruit Deed
Bonds. 6 %, $1,<‘00 each......................................................
34,000
213 Lou. & Nash. IiR. Unified 50-year 4% Gold Bonds, $1,000
eaoh........ ................................................................................... 213,00®’
22 So. & No. Ala. RR. 5% Consolidated Mortgage Bonds,
$ 1 ,0 0 0 each .........................................: ...................................
2 2 ,0 0 0
2 Pons. & Atl. RR. First Mort. Bonds, 6 %, $1,000 each__
2,000
Total.................................................................................,$337,00®
EQUIPMENT.

The following equipment has been acquired and destroyed
during the y e a r :
L o c o m o t iv e s —

On hand July 1, '8 9 7 ..................................... .......................... 5 4 9
Bought, during the y e a r.......................................................... 1 1
Acquired from the Morristown & Cumberland Gap RR' 2
12
F rom wtiicn D educt Destroyed during the year,
Sold.......................................

562
14
1

15
On hand Juno 30, 1898 .................................. ............ .................. 5 4 7

L A N . Rfl mortgage debt and intrre*t . • $110,389,060 $5,294,184
Mortgage debt. 1olereat and rent of other
Gompant oa In the •y#i#*uj.. . . . . . . . . . . . . . . . . . . . . 16*553,492
927,459

There has been charged to Operating Expenses, Locom o­
tive Repairs, the sum of §1,073,001 54, an increase o f §119,917 86 over the previous year. The value of fifteen locomo
Total...................................... . . . . . , . . . . , , . . . . $125,943,162 $6,221,643 lives destroyed, viz.: §94,000 00, is included in this amount
which charge fully perpetuates the Locomotive Equipment
h lO * WHICH HKMOCTi
for the year. The cost of eleven locomotives bought has
Ia t» m t ern LotiiaTilln A NaalivlUo RaUrosd
Bond* In the T r e a s u r y . . . , . . . . . . . . . . .
$337,420
been charged lo Mobile & Montgomery Railway Company
Intere.t ,»n Ow*n»boro A* Naabrllle Railway
Improvements and Betterments, and the coat of tbs two locop|rat Morf^ncn Bond* in the Tfu*t.
...
72,000
•motives acquired from tlu» Morristown & Cumberland CapInc on So. A No Ala. 2*\ MorL Bond*, de*
MtU*d with L’ nJoti Tr. 0 ». to *eoare #1,*
Railroad has been charged to Reserve Fund, Locomotive
pi>»,ooo L A N. lin k in g Fond 6 ‘'4 Bond#*
Account.
03^4*00,000 01 6 % ........ ..
let. on Hoed* 6ppr*ai|*d with G, 8 T m it Oo.
to *#>raro I t 3 i w ,0 0 0 L. A N. 5-20 Oollatera! Tro»t A H Gold Boud*. rlA:
$14,000,009 u s id e d F lfly -je a r 4 %
Oold Bond.................................. ..$560,000
f4,OCK»,OOo Paducah A Mem. Ii It.
year 4 » <iold !•#, Mtg, Honda. 160.000

120,000

Pakh*Miv.u Equipment —
Carson hand July 1, 1897..........................................
439
Built during the year.......................................
........................ 1 3
Fiicm WHICH D educt—
Destroyed during the yesr.

720.000

1,249,420

Total estimated intereat charge* for 1S98-S9......................* 4 ,972 ,2^3

452

On hand June 3 0 ,1 8 98 .......................................................................... ..

There has been charged to Operating Expense?, Passenger
Car Repairs, the sum of §310,663 02, a decrease of §6,035 §7

40,0

THE

October 8, 1898.]

CHRONICLE.
Locomotives—Air Brakes.....................
Freight Cars—
“
Freight Cars—Automatic Couplers.....................................

from the previous year. The value of the six cars de­
stroyed, viz., $19,250, is included in this amount, which
charge fully perpetuates the Passenger Equipment for the
year. The cost of the seven additional cars built has been
charged to Operating Expenses, Improvement A ccou n t, In­
creased Equipment.

w h ic h

D educt—

Destroyed during the year.............................................................

Total.................................................................................................. $200,637 83

484 Locomotives —Air Driver and Train Brakes, complete, or 88*48%
15
“
—Air for Train Brakes; no Driver Brake.
20
“
—Vacuum Driver Brakes; switching service.
10
“
—Steam Driver Brakes; switching service.
18
“
—Hand Brakes.
4,630 Freight ears—With Air Brakes, or 22*72%.
7,895
“
—With Automatic Couplers, or 38*75%.

816

On hand June 3 0 ,1 8 9 8 .................................................................... 20,375

For comparison your attention is called to the follow ing
tables, showing the number of locomotives, passenger and
freight ca r3 on hand for the past ten fiscal years :

There has been charged to Operating Expenses, Freight
Car Repairs, the sum of $1,585,610 67, an increase of $ .6 8,806 24 over the previous year. The value of the 816 cars de
stroyed. viz., $289,805 00* is included in this amount, which
charge fully perpetuates the Freight Equipment for the
year. Of the cars bought and built, 1,381 cars were charged
to Reserve Fund, Freight Car Equipment, and 150 cars have
been charged to Mobile & Montgomery Railway Company,
Improvements and Betterments.

LOUISVILLE A NASHVILLE RAILROAD COMPANY.

18-H9 ’89-90 1390-11891-2 1803-3 1833-4 18H-5 18 >5-61S36-7 1897 8
Locomotives....
428 457 477 511 531 549 526 530 535 517
Passenger cars. 330 330 317 4L54 1 4 1 8
433
436 437446
Freight cars ...12,215 13,954 14,168 16,100 17,293 18,U7 17,972 18,610 18,479 20,375
BIRMINGHAM MINERAL RAILROAD COMPANY.

Locomotives ...
5
7
15
1>
Passenger cars ...............................
Freight cars ... 1,280 1.2V7 1.277 1,261

M AIN’ T E N A N 'C E O F E Q U I P M E N T .

Locomotives ...
Passenger cars..
’88-0’ 9-90’90-91’91-2 ’92 3 '93-4 ’91-5 ’95-0 ’9C-7 ’97-S Freight cars—

Passenger

Cts. Cts. Cts. Cts. Cts.

Cts.

4 *485 4*182 4 *85 8 4*4435 4 *35 3 4*651
1*221 1*378 1*33 1*500 0 * 3 3 1*245
0*650 0*60 10*720 0 *70 8 0*646 0*509

It 14
11
14
1414
* ....
1,251 1,241 1,236 1,210 1,190 1,169

NASHVILLE FLORENCE A SHEFFIELD RAILWAY COMPANY.

The average cost per mile for repairs to Equipment for
the past ten years has been as follows:
P e r m ile —
Cts.
L o c o m o t i v e r e p a i r s . . .3 *7 3 8
C a r r e p a i r s . 1*217
F r e i g h t C a r r e p a i r s ___ 0 *60 0

$29,976 74
105,309 62
65,351 50

The Company now has the following equipment provided
with A ir Brakes and Autom atic Couplers :

FRRIGLIT EQUtPMRST—
Freight oars ou hand July 1, 1897............................... ...... 19.660
Bought and bnlLt...................... — ..................................... - 1 5 3 1
---------- 21,191
F rom

7EL

Cts. Cts. Cts.

2
2
2
2
3
2
682 48 * 485

2
2
481

........... .......................................
2
2
2
2
2
2
478 475 471 463 457 447

Your attention is called to the table below, showing the
excsss mileage paid and received on foreign cars:

4*726 4 8 1 2 5*141
1*363 1*390 P 3 '8
0*634 0*581 0*717

E x c e s s P a id .

1888- 8 9 ...........
$113,107 26
1889- 9 0 ...................... 13»,480 00
1890- 91 ................... 168,636 98
189L-92.........
158,046 41
1892-93........................... 90,766 01

AIR BRAKES AND AUTOMATIC COUPLERS.

The exist of applying Air Brakes and Autom atic Couplers
during the past year has been charged to Operating E x­
penses, Improvement Account, as follows :

E xcessP a id .
1 8 1 3 -9 1 :..E x c e s s r e e 'v 'd $ 2,243 30
1894-95..........................
5,206 52
1 8 9 V 9 6 ..........................
38,096 66
1896-97.......................... 116,497 71
1897-98...........
74,264 06

PASSENGER AND F R E IG H T STATISTICS.
COMPARED WITH THE PREVIOUS YEAR.
N o.

1897-88.

P a sse n g e r T r a f f ic .

1896-97.

P ercentage of

N o.

I n c r e a s e . D e crea s e.

1 .. Number o f miles run by revenue t ra in s..............................................
5,535,364
2 ..
1.um ber o f miles run by oars........................................................................................................
29,584,082
3 .. Number o f oars in each tra in .............................................................
5*34
4 .. Number o f passengers carried....................................... .......................
5,208,588
5 ..
[Number o f miles each passenger was carried ....................
39-90
6 .. Number o f passengers carried one mile .............................................
207,903,873
7 .. Number o f passengers carried in each tra in ....................................
37*52
8 .. Number o f passengers carried in each o a r.........................................
9-90
9 .. Earnings from passenger trains.......................................... ( a ) ......................
$5,701,023 11
1 0 .. Expenses o f passenger trains........................................................................... *3,987,455 83
1 1 .. Net earnings from passenger trains...................................... ...............
$1,713, >67 28
1 2 .. Earnings per m ile o f r o a d ........................................................................
.$1,901 47
13 . Expenses per m ile o f r o a d .......................................................................
$1,329 94
1 4 .. vet earnings per mile o f r o a d .................................................................
$571 53
15 .. Earnings per revenue tralu m ile............................................................cents
102*993
16 . Earnings per revenue train m ile........................................................... cents
72 036
1 7 .. Net earnings p er revenue train m ile............ ...................................... cents
309 5 7
1 8 .. Earnings per car m ile......................................................................... ...ce n ts
19*270
1 9 .. Expenses per car m ile............................................................................. cents
13-478
2 0 .. Net earnings per car m ile........................................................................ cents
5*792
2 1 .. Earnings per passenger......................... .............................. (b) ............ cents
85-70
2 2 .. Earnings per passenger per m ile............................................................cents
2*1-5
23. Percentage o f expenses to p «ssenger ea rn in g s..........................................
69-94

5,463,843
27,946,612
5*11
5,115,190
36-50
186,851,997
34*20
9-48
$5,430,035 72
$3,867,269 15
$1,562,766 57
$1,817 60
$1.294 49
$523 11
99-381
70-779
28*602
19*430
13-838
5*592
8210
2*25
71*22

1*3090
5*8593
4*5010
1 8259
9*3151
11 2666
9*7076
4 4304
4*9905
3*1078
9*6196
4*6143
2*7385
9*2562
3 6341*7 759
8*2337
3*5765
4*3849

.. 1
.. 2
.. 3
.. 4
.. 5
.. 6
.. 7
.. 8
.. 9
..1 0
11
..12

.1 3
.14
.15
.16
..1 7
*8235 ..18
2*6015 .19
.20

..21
4*4444 ..2 2
1*< 972 ..2 3

F r e ig h t T r a f f ic .

2 4..
2 5..
26..
27.
28..
2 9..
30..
31..
3 2..
33
34
35..
3 6..
37.
38..
39..
40.

6*9497
Number o f miles run by revenue trains.........................................................
10,383,286
9,70 3,572
.24
9*7022
Number o f miles run by cars, lo a d e d ............................................ ................
.25
141,823,675
132,015,307
Number o f miles run by cars, em pty..............................................................
*2409
66,225,282
.26
66,3*4,790
Number o f miles run by cars, loaded and e m p ty .................... ....................
6*5415
.27
211,208,465
198,210,589
Number o f cars loaded in each tra in ..............................................................
13*93
13*60
2*5735
.28
Number o f cars em pty in each tra in...............................................................
6*39
6 3050 .29
6 82
Number o f cars loaded and em pty in each train ........................................
20*42
3918 ..3 0
20*34
Percentage o f loaded oar m ileage to total car m ileage..............................
*9734
31
6^59
68-57
Percentage o f em pty car mileage to total car m ilea ge...............................
5*9254 ..3 2
33 41
3143
Number o f miles run per car oer d a y ................................................ .............
.33
10*8046
26*10
28-93
8*0565
Number f tons carried ..........................................................(c ) .......................
12,309.731
11,391,942
.34
[Number o f tons carried one m ile.......................................... ........................
.35
15*7801
l,7a7,230,703
2,011,367,580
Number o f miles each ton was carried ........ .................................................
7*1475
.36
163 4
152*5
5 5471
Numoer o f tons in each loaded c a r ..................................................................
.37
13*89
13*16
;Number o f tons in each loaded and em pty car.............................................
8*6758
8*76
.38
9-52
8*2542
178-94
Number o f tons in each t r a i n ............ ..............................................................
.39
193-71
7 8379
Earnings from freight revenue trains............................... (c ) ..................... 81*,078,616 53
.40
$13,932,665 89
4 1 : Expenses o f freight revenue tra in s.................... ........................................... $10,914,274 31
.41
$9,981,948 89
42 Net earnings from freight revenue trains.....................................................
3*5900
.42
$4,144,342 22
$4,0U0,717 00
43. Earnings per mile o f ro a d ................. ..................................................... ........
7-4512
.43
£5,029 19
$4,680 44
44
9*1477
Expenses per m ile o f ro a d ................................................................... ..........
.44
$3,616 92
$3,341 27
45. Net earnings per mile o f ro a d ...........................................................................
3*2185
$1,339 17
.45
$1,3 m2 27
46. Earnings per revenue train m i le ....... ..........................................................
*8304
.46
$1 44
$145
47. .Expenses per revenue train m ile.....................................................................
.47
2*4218
$1 05
$1 02
48.. (Net earnings per revenue train m ile.....................................................cents
3*1402 .48
39*914
41*208
49. Earnings per car m ile........................
cents
.49
1*219 1
7*139
7-053
50. [Expenses per car m ile............................................................
2*8203
cents.
.50
5035
5*177
51
2*7 R0 .51
Net earnings per car m il*......................................................................... cents
1*962
2*018
52 Earnings p *r to n ..................................................................................................
$1 22*742
*2029 ..52
$1 22*493
5 3 . ; Expenses per ton ........................................................................................ cents
53
1*3729
87*623
88*826
54. 'Net earnings per to n .................................................................................. cents
4 1345 ..5 4
35-119
33*667
5 5.
6*o 323 ..55
*750
•805
56. (Expenses pt*r ton per mile....................................................................... cents
5* 913 .56
*575
*5 44
57. INot earnings per ton per mile........................... ........ ............................ cents
*235
10*4318 -.57
*206
58. Percentage of expenses to freight earnings
1*5*<29
58
72-52
71-39
(a) Includes Mail, Express, Excess Baggage and Train Privileges,
(6) Excludes Mail, Express, Excess Baggage and Train Privileges.
(c) Excludes Freight on Company’s Supplies._____________ ________

.

GENERAL REMARKS.

SOUTHEAST

CONSTRUCTION ACCOUNT.

In is account was closed July 1. 1894, since which date
the items heretofore charged to this account have been
•barged to Operating Expenses, under the sub accountimprovement Account. Tne details of this account for the
year ended June 30, 1893, amounting to §359,950 13, appear
at length in this report.
The improvements and betterments upon the Nashville
& Decatur R iilr o ii, to be settled for at the expiration of
the lease, and which have been charged to “ Construction
Account, Nashvill ;
D ‘ catur Riilroad ” during the year,
amount to $39,847 50.

a

ST. LOUIS RAILWAY.

There his been charged to Cost of Road during the past
year, for grading, uew freight depot and tracks, East St.
Louis......................... ....... ......................... ..................... . $32,653 43
CUMBERLAND V »LLEY BRA CII.

There has been cli arged to Co «t of Road for right-of-way
and lialag Cumberland Gap T u n n el
....... ....................
PADUCAH A MEMPHIS DIVISION.

I

21,879 97

There has been charged to 0 *st of Road the cost of improvementsaad betterments............................................... 278/37173
SHELBY CUT-OFF.

There has been charged to Cost of Road for new ballast .

553 91

MONTGOMERY A PRATTVILLE RAILROAD.

There has been charged to Cost of Road for right-of-way..

45 00

Making a total charge to Cost of Road to the above lines. .$334,001 04

THE

7-12

CHRONICLE.

[VOD. U X V Il

U M * , • « . V i 4 C 4 U l t « l l « L t k O s t l Ilia l-KK <3* .T d HO u >3*01*.
extent of twenty per cent on salaries in excess of $4,000 and
April 1, IfcH, |h« Louisville & Nashville Consolidated ten per cent on all salaries and wages less ’ ban that- amount.
Partial restoration has been made as of July 1, 1*88, to the
Mortg.ig>.- S *vt<n per w ilt Bonds, amounting to $7,070,000 0
matiu ’ 1. In order to provide for the payment of these extent of one-half of the respective reductions, and assur­
bond*, fu r the c o s t of the PaJuoah & Memphis Division and ances given that the remainder, will be restored on the 1st
the h.iiti iatioii of the doating debt of the C om pany. there of January, 1899.
It may he proper to state that it is proposed to consider
have C u n issued $lS,<W».tW0 «0 Collateral Trust Five-twenty
y. ;tr *i.>!.! Bond*. ■ nr -i by $11.tKsi.ishi 00 of l nified Fifty- surplus hereafter earned over and above operating expenses
year I'.uir |« r <vnt Gtdd Mortgage Bonds and $4,000/ 00 00 and tixed charges for each year as a basis for dividends for
Vadurah .v Memphis Division Fifty-year Four per cent Gold such year, which dividends will he regulated by the amount
so earned for that period, but it is r ot contemplated to use
First Mort gage Banda as ooilateral.
T!n-s.< bonds have been sold at a satisfactory price and the any of the accumulated surplus of the Company for the pay­
proce<*'Is have been applied to the payment of $7,001,0 0 00 ment of dividends.
The Board has to record the death of one of its members.
Consolidated Mortgage Bonds (leaving still outstanding
fUSMhM 001 and to reimburse (he Company for its expendi- Mr. John D. Taggart died at Louisville, Kentucky, on June
.
ui
Memphis Division, amounting to 5, 1898. He was elected a Director of the Company on Octo­
tf.i.tji’i , o - . i , and the balance o f the proceeds is in cash in ber 1, 1884, and has been Chairman of the Finance Commit­
tee at Louisville since October, 1888. The stockholders have
the treasury of the Company,
lost a watchful and prudent guardian of their interests, and
O C T S T A N D IX O B O N D E D D E B T .
his fellow-directors a judicious adviser and a warm friend.
By reference to page 1 it will be seen that the Outstand­
Bv order of the Board of Directors
ing "Bonded Debt, less bonds o f the various issues held in
M. H. SM ITH ,
A U G U S T BELM ON T,
the treasury,
P resid en t.
C h airm an .

On June 30, 18US, amounted t o ......................................... $85,771,660 00
On June 30, 1807,it « s > ..................................................... t0,503,660 00
Showing an mens*-# ot...................... ..........................

TH E A U D IT C O M P A N Y OF N E W Y O R K .
120 Broadway, Equitable Building.

$5,268,000 00

This increase is accounted for as follows :
Soaps l w r c n V ntlii-.t Pilty-year Fear per rent Gold
FI •«; Mortgage Bonds
..
. . . . $7,443,000 00
P.ldu. ill ,v Memphis Division Fiftyyear Four j«sr oent Gold First .More
Bond* ......................... ..........................
4,330,000 00
Louisville & Nashville RR. Oo. 5-10
Collateral Trust Four per cent Gold
K u u d s....... ............................................. 12,f 00,000 00
Total 1•#ued-

A u g u st

ro m

w h ic h

D

e d u c t

...................... .......... $24,275,000 00
7,406,000 00

-

Bond* In the treasury and deposited
with tro-t romp mi. - a* collateral,
I- in-■ an Increase over the previous
yearof.............. ........................... .
11,601,000 00

INTEREST ACCOU NT.
$4,981,993 03
-1,972.5 2 58
$9,400 45

Heretofore Interest Account has been credited with rent
from 0." l’.» ittcah & Memphis Division, amounting to $154,"■‘L During tli" year 1897-98 this amount. ($154,772 58)
Ins- hi t! credited to Income from Rents. If Interest A c­
count had been credited with this amount during the year
;i-i ended. Interest Account would show a reduction of
164.178 03.
income and rHorrr and loss accounts.
Income- Account has been charged with the discount on
bond* received for tlie Sinking Fund Payments and for
Sinking Fund Payments for which no bonds were received,
amounting to $162,007 50; also the annual pro rata discount,
on bond* - dd, amounting to $36,375 03; and the loss on the
other roads amounting to $175,100 27, leaving a balance to
th" credit of Income Account of $1,682,901 87, which lias
been transform i to the credit o f Profit and Loss Account.
The Directors have re valued the assets of the Company,
and have charged all losses, accounts and advances consid­
ered uncollectible, to the amount of $128 246 65, to Profit
and L -« s Account. The balance to the credit of Profit and
Los* Account June 30, 1898, is $3,846,360 45.

i

IIE 8 E B V K

New Y ork,

FUN D.

For red ur inn of g r a d e ..................................... 2 1 8 , 4 1 1 no
.... — ---- #i| 2-18 441 00
b -*■*> Filli unrx{»’ ii<lri4 from amount* proviouN'y’
at»girri|iriAt«4 for fU»ffloi(-9u»ok ..........................................
380,883 00

T

n total ApproprlAtton of

B oard

of
1

____$1,029,324 00

M anager.

September 28, 189?.
T A B L E NO. I.
INCOME ACCOUNT JUKE 30, 1898.

E ahn inor

From freight traffic .................................... $15,834,802 30
From passenger traffic................................
4,557, 29 13
From transportation of malls . . . ..................
702,110 60
From express traffic ..................................
421,597 98
460,382 81
From miscellaneous sou rces.......................
Total earnings.................................................................... $21,996,652 82
E x i-s n s s s —

For conducting transportation..................... $7,555,951 23
For maintenan o of w <y and structures
3,183,166 17
For malnieuanoe of equipment
........
3,052 179 47
For general expenses.................................
1,130,438 27
Total operating expenses, 67-84 p. c............................ 14,921,730 14
Net earnings from traffic, 32-16 p. o ............................ $7,074,922 68

T o « HICH A d d :

Income from rems (Bee page 73' ) . . . .......
Income from Investments (gee page 739).

$238,803 12
353,883 3.v
-------------- -- —

Net earnings from traffic and other
income....................................................

From

whioh

590,776 45
$7,605,699 13

Deduct:

F i r e d O h a rg c s —

Interest on n,aided debt.$4,778,138 23
"
all other...............
37,859 91
G u a r a n te e d D iv id e n d o n

N. & I). RR. Stock.......
Rent of Shelby Railroad.

Taxes..............................
There has been credited to this, account and charged to
•Moist and U tah the following amounts appropriated out of Loss on Georgia RR. lease.
this year'll surplus S
Loss on other roads, which
la a cla im agalast.tkem..
Fur Coupler* and Air BmVen.to comply with
D t aco l i nt on
tli- La- p «*•<•*! by Congees* for equipping
b o n d s reth* oalaee of the Company's rolllug-Htuuk $.vto,OOn 00
received f o r
For Rol lav sto k ....... .............. .............. SOO.OOO On

M

th e

A t te s t : E i iw a r d T. P e r i n e ,
Sec r e'a r y .

B y rrfcrritn? to General R»**ult* stiite nent it will be
MMin Ui uthe Inter* *! ami Kant Account for 189 -97

A m l action o f . . , . ........ . .....................................................

of

Thomas L . G reene.

Net I uerva.se in O u l t t a a d i n g Bonded D e b t.......... $5,20*,000 00

For 14P7-9S.

C h a irm a n

120 Broadway, New Y ork City. (
D e a r S ir : W e have made an audit o f the books and ac­
counts of the Louisville & Nashville Railroad Company for
the fiscal year ending June 30. 1*98, and, in accordance
therewith certify that the attached statem ents o f Income
Account. Profit, and Loss Account, and the General Balance
Sheet, are true exhibits of the earnings and expenses of the
Company- for the said fiscal year, and or- its condition as of
June 30, 1808, as shown bvsaid books and accounts.
TH E A U D IT C O M P A N Y OF N E W Y O R K ,

Inetea-e In Bonded Debt................ $16,860,000 00
F

E s q .,

L o u is v il l e <& N a s h v i l l e R a il r o a d C o m p a n y ,

FBOM which Deduct—

Bond# redeemed and canceled....... ......

Belm ont,

Divertors:

141,594 44
15,000 00
640,249 19
------------ ---- *5,612,842 07
162,620 07
12,180 20

sinking fond
pavmonts.......$11,907 50
Sinking f 11 n d
payments for
which
no
bonds arc
received,
charged lo this
account a n d
o r e d 11 c d to
pro lit and loss
account......... 1 2 0 , 1 0 0 00

The phr-ical and financial condition of the Company is
eminently satisfactory, It has upwards of $3,000,000 00 in
bank, and is entirely free from floating debt
The improvement of the physical condition of the Comj.uh C s property, its rolling-stock, etc .w hich ha. been made
162,007 50
luring tie* pa*t five years, will relieve the management Unfunded discount (this
year'* pro rata of discount
from further extraordinary expenditures for improvement
on bonds sold) .................
26,375 03
of the road.
So. & Nor. Alab. RR. Oo.
surplus earnings t o r year
The expenditures for the terminal facilities at Nashville,
Included in above and
Term., will be represented bv hoods secured by a lease of
tranferred to profit and
th- terminal property jointly to the Nashville Ohatt nooga
loss account, to which
-S; St. Louis Railway and Louisville & Nashville Railroad
account the loss in pre­
vious veers has been
Company.
charged............... .............
56,472 39
It va the understanding with the employe- of the Com
—
----419,955 19
I f i t the time that their aaluries ami wages were re
'lu -ed, that the Mine should be restored when the business
Net Income for the year t r a n s fe r r e d , lo th e c r e d i t o f
the Company warranted It. The reductions were to the
p r o f l I a n d lo s s a c c o u n t
............ ......... _ _.......

6,032,797 26
1,632,901 87

IHE

October 8, 1898.J

CHRONICLE.

713

TA B L E No. II.
PROFIT AND LOSS ACCOUNT JUNE 30, 1898.
C R E D IT S .

D E B IT S .

o
o
<C
T

CO
CO

120,100 00

For surplus earn, of S & N. Ala. RR. Co. for year ended
June 30.1893. (previous losses charged to this ace’ ) .
56,472 39
For surplus earn of N. Fi. <fc Sh. Ry Co for year ended
June 3e 18 8, (previous losses charged to this aco’t)..
19,300 14
Amounts realized from various sources................................
53,853 22
Net Income for year ended June 30, 1898 .......................... 1 632,901 87

ee

Ten per ct. premium on bonds redeemed for Sink. Funds.
Non co lled ble accounts charged o f f ..................................
Securities charged off and reduced to present value___
Amounts paid on sundry accounts previously credited
to this account....................................
.......... ................
Amounts charged to this aocont and credited to
Reserve Fund—ForCouplers and Air Brakes.$50 0.000 00
For Rolling Stock................... 880,883 00
For Reduction of Grade....... 248,441 00

Balance to tlie credit of this account June 30, 1897.........$2,690,251 12
Interest received on Bonds in Sinking Fuads................. —
54,355 00
Profit on Securities sold ..........................................................
10,603 36
Sinking Fund P »yments for which no bonds are
received, ohirged tu income Account, viz.:
L &N . So, A No. Ala. Tr. DeedMort. Sink. Fund.$20,000
Pensacola & Atlantic Mortgage Sinking Fund .. 45,100
Cecilia Branch Mortgage Sinking Fund................. 55,000

00
19,170 48
109,076 17
6 00

,829,324 00

B a l a n c e to c r e d i t o f P r o f i t a n d L o < s J u n e 3 0 , L898. . 2,846,360
,846,360 45

$4,637,837 10

$4,637,837 10

TA B L E NO. m .
BALANCE SHEET, CONDENSED FROVI GENERAL BALANCE SHEET.
% (See Table No. IV.)
ASSETS.
Ca

p it a l

I n c . o v e r l a s t y e a r . D ec. f r o m l a s t y e a r .

a ss e t s

■Cost of Road and Equipment............ - ................................................................. $110,797,006 31
Materials in Private Sidings, the Property or the C om pany
....... ...........
121,033 87
Real Estate, Quarry and Timber Lands...............................................................
1,069,725 79
Securities Deposited in Trust for Unified and Other Bonds ......................... $36,835 534 04
Securities Deposited in Trusr under lease of Georgia Riilroad
1,103,000 00
Securities and Cash held by Trustees of Sinking F iu d s ........................ .. .
1.177.115 90
Stocks of Railroads owned through ownership of entire C kpital Stock___
2 37,394 97
Mobile & Montgomery Ry. Co. Liability for Joint Bond Is­
sue (included in Bonded Debt per o mtra) ........................... $1,000,000 00
I/wamonntdue Mobile Montgomery Ry. Co. on open acot. 2.399,762 56
1.100,237 41
Advances to Subsidiary Companies....................................................................
1.429,672 40

$313,612 97
13,556 43
$115,508 80

$111,990,765 97
18,001,000 00
123,462 35

270 00
237,3 41 92
41,869,954 75

A

v a il a b l e

A

sse ts

.

In v e s tm e n ts —

Company’s Bonds and Stock in Creasury ...............................
Sundry Railroad and Ocher stocks and Bonds m Treasury

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

Accounts Receivable.......................................... ................................................
Material and Supplies.......................................... ..............................................
Cash in Bank and on H a n d ................................................................... 1 . .......
O

A

t h e r

sse ts

$7,610.988 87
3,663.244 58
$2,323,'04 60
i .738,114 75
3,057,659 65

6,443,997 85
11,309,233 45

7,119,479 00

436.137
10.513
212.757
2,520,303

76
11
21
26

.

Due from sundry companies, land notes and other notes
Discount on Securities chargeable against future years .

$679,391 30
1,340,875 07

2,020,269 37
$174,309,702 54

536,124 97
$22, >0 i, 79 98

181,011 31

$6,740,517 96

L IA B IL IT IE S .
C

a p it a l

L

ia b il it ie s

.

Capital Stock...............................................................................................................
Bonded Debt. ..................... .................................................................... ................

$55,000,000 00
1 1 0,389.660 00
$165,339,660 00

C

u r r e n t

L

ia b il it ie s

Bills payable........................ ....... ................................. .........................................
Accounts Payable...................................................... ...... ................ .......................
Interest Due and Accrued................................................................ .......................
Dividends unclaimed ............... ............. ........ ......................................................
Reserve Fund for Rolling Stock Couplers and Air-Brakes. Reduction of
Grade. R nnwals of Rails, e t o ...........................................................................

$26,568 98
2,369.W * 40
1,588,281 18
47,629 63

572,683 95
4.873 99

1,768.992 08

1,193.566 83

t h e r

L

ia b il it ie s

$3,005,059 37
35 00

5,801,451 27
O

$L6 869,000 01

.

.

Due to sundr? railroads and persons............................. . . . . ....... ....................
Profit and Loss. Excess of Assets over Liabilities................. ..........................

$272,230 8 2
2,846,360 45
3,118,591 27

Total...............................................................................

$174,309.702 51

156,109 33
$18,796,234 '5

127,577 76

$3,132,672 13

TA B L E NO. IV .
;AL BALANCE S H E E T JU N E 30 1898.
ASSETS.
c o st

o f

r o a d

Road fixtures and equipment.......................... . . . . ...........
Material in private siding*, the property of the Company.
Real estate, quarry and timber lands............... ...................
B o n d s O w n ed —

a n d

e q u ip m e n t

.

In crea se over
la st y e a r .

$313,612 97
13,556 43

.$110,797,003 31

124,033 87

1,06 9,725 79

Unified Ftfty-vear Four per cent Gold Mortgage Bonds..............................
Louisville <fc Nashville Five per cent Trust Gold Bonds ...... ............... ......
Louisville & Nashville Five per cent First 'I rtgage Gold Bonds............
Louisville A Nashville, Lebanon «& Knoxville Branch B mds.nix percent
Louisville «t Nashville Paducah «& Memphis Div First Mortgage Bonds,
four ner cent . . .
................................................... .........................................
Louisville <fe Nashville and Pensacola & Selma Div. Bonis, six percent.
Louisville & Nashville Terminal Fifty-year Gold B >nds, four per cent..
Kentucky Central Railw«y First Mortgage Bonds, four per c e n t ..........
Pensacola & Atlau lo RR. First Mortgage Bond*, s’x per cent..................
Pensacola tfe Atlantic RR. Land Grant B »nds, six percent ......................
South A Vor'h Alabama RR. Five per cent Consol Mortgage B >nds.___
South <fe North Alabama First Mortgage Sterling bon Is. six per cent...
St. Louis Property Five per cent Gold First Mortgage B o n d s.................
Elk ton «te Guthrie RR. First Mortgage Bonds, seven per c e n t .................
moss Iron it Steel Co. First Mortgage Bonis, six per cent.......... ..........
Eureka Company First Mortgage Bonds, seven per cent. ......................
Log Mountain Coal, Coke and Timber Co B »uds, 6 per cent.............. ..
Bird Eye Jellico Second Mortgage Gold Bonds, six per cent.......... .......
-Louisville Henderson <fc st Louis First Mortgage Bonds, five per cent.
Northern Division Cumberland it Ohio Bonds, 6 per o nt.........................
Gainesville Jefferson ifc southern RR. Second Mortgage Bonis ..............
Sundry Railroad and other bonds..................................................................

$2,424,062
1.033
2,037
1,500,000

67
75
50
00

2,037 50

330,090 0 )
398,00 9 09
4 44,000 00
9,983 70
775,266 25
8 7l,u00 00
608,268 57
23,2.92 50

6,596,352 50
11,612 80

330,000 00
444,000 00

108,000 00
23,292 50

43,053 75
54,000 00
135,000 00

25.000 09
34,400 00
29.000 00
128,250 00

36,100 00

52,300 00
13,0 >0 00
20,900 00
14,630 9 l

20,900 00

33,115 00
19,141 17

7.705,030 88

S lo c k s O w n ed —

Birmingham Mineral Riilroad S to c k ................. ........................................
Mobile A Montgomery Railroad 8took.......... .................... ....... ... ... .
Owensboro & Nashville Railw iv 8took .............................
....... .
Nashville Florence & Sheffield Railway Stock.................... ................
Nashville & Decatur Railroad Stock.........................................................
South & North Alabama Railroad Sto •* (oo nin m i ) ..............
........ . .
Elkton A Guthrie Riilroad Stock................................................. ....... ..
Gulf Transit Company . . . . .
Birmingham Rolling Mill Cora pan*/ S*S.oic*
...
South Carolina Terminal Company stock ..............................................
Sundry Railroad and trher Stocks......................................................... ...

$115,508 80

$111,990,765 97

INVESTMENTS.

D ecrea se f r o m
la st y e a r .

$159,250 00
10 543 20
57,6 U 7 7
2.233 00
982,076 01
l 7,87 > 05
15,17.5 no
60,000 00
4 .600 oo
24 ’ ,000 00
60.338 51

500 00
13,500 00

10,000 00

22,300 00
9,414 87

1.631.597 54

rvou LXVU.

THE CHRONICLE.

744

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

Br& tog A1 f j r + $r

....... TRUST

$ r j r „ i t 7 ,1 0 s JO

B o n d , a n d Ki ■>.» u ; j 1 1 Y - ' » \ !>V Me Centra* Trus* Company of -V. F.,
r- ■
I' ."- fii. fin:: rV'V v(-i '
P e r c e n t trOUi U o r t. /> '•*<•*■ t « . -

$1,050.010 00
3,052.57* 81
1.12*,500 09
3,272,900 12
294.000 00
5,35 ',5 3 8 75
250.728 -18
501.000 00
2,85o 00
•17,002 54
090.110 00
225,010 i’0
00,800 00
19,750 00
153.000 00

A h in n u Mineral R »itr»»<i liamt*, four par oeni ...................................
W « k IB U m U T ltir e tiu d n u a tl «

L e x in g to n R ailw a y t o ....... - ....................

-«i A North Alabama IRMTrond Com pany,., ........... ...............

ittoek
Mock
M oot
sw l

i« M.it.ii. Jt Montgomery Railway Ootupuuy............ ........................
m Aoataeast A St Unite lUllwu* C om pany.. ...............................
la Nash videChattanooga & si i-.-.ii ■ Hallway Com pany............
in Owensboro a Nashville Railway C om pany— .............................

s r k -Ss

la ftefidersoQ Brt'lsrs C o m p a n y . . . . . . . ........... .—

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

$/r»WtJW If

ACCOUNTS.

-•

•iuvi; la ivussoel« Railroad Com pany............ ............................................
Sloe* IB L’ *i» ovtlle Railway Transfer C mpauy..........................................

. . . . . Mineral Railroad Company................... ...............

Slock tn Alabama Mlu ra! Railroad Company................................. - ...........
■ .-u vslle F lo re n or A Shed! eld H allw ay Cutup iu y ........................

st... t n 'lo'i.t..' • n Roll Railroad Company.................. ........................
sioek >u stciiiy Railroad Company.....................-.......................................

$10,700,911 iO

From e l b l

Deeluet—

.. ........st of the following securities. which having been added to the
Coat of Road. 1* deducted from this account, vis.:
l.oul- 1 lUe tin . A Islington Hy. Stock................................. *3.052.571 81
Alabama Mineral Railroad Bonds anil Stock...................... 1,8/5,020,00
HrinUr.uu Celt Railroad Stock..... ...................... ...............
19, 50 00
:. lo-vllle Railway Transfer Stock.............................- .........
17,061 54

4,994,407 35

Bonds R e td ill T r u -t h y Formers' L o a n d T r u tl C o m p a n y o f Y e w Y o r k ,
TYu>‘ c f o r F ir e p e r c e n t T r u s t B o n d s —
Hint, mill am Mineral HR. First Mortgage Bond?, five per cent...............
■twensimro * Nashville By. First Mortgage Bond?, six per cent........ .

$3,929,000 00
1,200.000 00

Bumi/ H eld Hi if IDI b y Ffirrii,irs' L o a n d T r u s t C o m p a n y o f S o w Y o r k ,
T r u s te e f o r G e o r g ia R a i l r o a d L e a s e —
South A .Sort!! Alabama HR Five p r can* Consolidated Bonds............
Louisville A Nsahville, Pettsaool.* f t Selma Division Bonds, *lx per et..

$230,000 00
850,000 0

R o u tt

H e d in

T ru st b y

$11,706,53 4 *4

5,129.000 06

1,100,000 00

C n io n T r u s t C o m p a n y , Y e w Y o r k , T r u s te e f o r

n t e s itte d Y a sk t i t l e R a i l r o a d S ix p e r r e n t S i n k i n g F u n d B o n d s —
South A North Alabama Railroad Second Mortgage Sly per ot. Bonds..

2,000,000 00

R o n d s tie i.t in T r o t : h o U n ite d S tates C rust C o m p a n y , S e w Y o r k , T r u s t e e
f o r 5-20 C o l l a t e r a l C ru st G o ld B o n d s —

$11,000,000 oo

Untiled Fitly rear Four per oenr Cold Mortgage Bond*............................ $14,0)0,0 DO 0 )
i.. A X. Padileah A Memphis Division Flfty-yoar Four per ct. Gold First
4,000,000 00
Mortgage Bonds ...............................................................................................

4,000,000 00
18,000,000 00

/tow Is a n d C a sh h e ld h y T r u s te r s o f S i n k i n g F u n d s —

rtiiutt Tru«t Company, New York. Trustee Louisville & Nashville and
South A North Alabama Railroad Trust Dee. Bonds (Invested)............
Union Trust otnpany, New York, Trustee Louisville & Nashville and
Smith a North Alabama Railroad Trust Deed Bonds (uninvested)----Union Tr.t't Company,New York, to redeem called Bonds of Oeeilin Br.
Trustee* Memphis Clarksville & Louisville Railroad (Invested)...............
Trit-tee? Memphis Clarksville & LoulsvUl- Railroad (uninvested)..........
Central rru-i 1 ttupany, of New Turk (uninvested)....................................
Mcil.Fit A Montgomery Bailway Company Liability for joint Bond issue
ot Louisville a NashviUe and Mobile f t Montgomery Four and onopor cent Bond’ iper contra).............................................................................
L e u amount due Mobile f t Montgomery Railway Go. on open account..

$294,878 02

33,776 25

736 97
55,000 < 0
825,558 13
365 55
577 23

90,477 50

313 75

$1,800 88
105 15

1,177,115.90

$4,000,000 00
2,899,762 56

1,100,237 44

ADVANCES TO SUBSIDIARY COMPANIES.
$1,083,126 IS
Nashville f t Decatur Railroad Company........................... ................................
Mammoth Cave TiallroadCompany.....................................................................
...................
Shelby Railroad Company ................. -..................................................................
59,459 8*
Booth A- ’ orth Alabama Railroad Company......................................................
98,524 42
llkton V Guthrie Rail mad Company..................................................................
4,095 79
Chic igo A 8outh Atlantic Railroad of Kentucky..............................................
76s 75
Mobile ft Montgomery Railway Company..........................................................
18,951 48
Florence Belt Railroad Com any............................. ...........................................
9,880 05
IxmtevUie Property Company................................................................................
135.673 13
Colossal Cavern Company.................. ......... ...................................................
19,202 81

270 00
29,857 50

1,758 88

43,069 34
3,565 08
7,724 06

1,429.672 40

135,673 IS
19,202 81

A V A IL A B L E ASSETS.

Materia! and -t ippile? In shops anil on line of road........ ................................
Du, from -Station Agent*......... ................................................ .........................
Tram v Baiun. * due from other companion ......................................._............
Due frota Adam - and Southern Express companies........................................
Due f mu United States Government Post Omoe Department.....................
Due front t *, i} iv't, Transportation of Troops and Material....................
Louisville A Nashville Terminal Company........................................................
Individual? and Companies...........................................................
.
,
Hills Receivable.......................................................................................................
Unlisted Capital Stock In Treasury......................................................................

212,757 21
50,42 6 91
62,683 27
3.481 92
776 30
315,944 11

$1,738,114 75
589,216 00
150,923 95
57,50621
181,205 “ 3
315,914 11
19,633 48
8 7 *,’ 86 35
135,388 67
2,200,000 00

484,708
6 ,"6 0 22
11,212 57
6,201,819 35

CASH .

In lb,, band* of Treasurer. Ass't Treasurer, Cashier, Paymasters, &o____
In the hands of Agent* and others........................................................................

$3,035,045 56
22,014 0J
3,057,659 65

2,515,264 42
5,038 84

OTHER ASSETS.
Due from Individual* and Com panies......... ....... ...........................................
$.111,12300

RUIs lt-»osivahle Land Note- ... ...................................................
■ iv.. . ......... .
. .........................................................

.

152,918 78
88,3 2 M
678,394 30
1.3*0,875 07

536,124 97

$174,300,702 54

$23,354,302 56

Unfonded Discount Account

Tub*! Assets

6.336 41
2,169 38

189(517 18

$7,690,740 54

L IA B IL IT IE S .
C A P IT A L S T O C K ,

Block issued............. ......................................................

In errca se o v e r
la s t y e a r ,

$52,710,323 00

S to rk L i a M l U y -

Ortgln*l stock an1 subsequent dividends unissued

83,8 It 80
5,818 20
2 ,200,000 00

Scrip Issued in stock dividends......... ................ .......

Unlisted capita! s t o c k ....,................. ..........................

Total capital stock and stock liability..............

D ecrea se fr o m
la s t y e a r .

$100 00
$488 88

$55,000,000 09
BONDED

OitT «f iw.it sTiir, Lebanon Branch Extension Bonds, six percent

. ..

per ooent

DEBT.

$1,000 00

8*000 00

Consolidated Mortgage Bond". ■' von per cent..........
.
09 ono 00
Louisville Rail wav Transfer First Mortgage Bonds, eight per cotit....... 286,000 00
Memphis A Ohio Railroad First Mortgage Bonds, seven per cent
3.000,000 00
Jli tnphls Cisrksvlll. * Louisville IIP,. First Mortgage Bonds, six per ccnti
1,990,600 00
May as 111? A lypiinginn Railroad Northern III vision Bonds, i even per cent
400,000 00
o-eilla Branch F.rst Mortga* Bonds, seven per cent
545 000 00
L"M«vil|e Cite A .hetloglon Ry. tecond Mortgage Bonds, seven per Conti
892,000 00
Lwuisvine. St Nashville Railroad Co. »lx per cent Hlnking Fund Bonds.
1.980,000 00
- i Iw.it•; ■. Proper* i Twenty-year Five per rant Cold Mortgage Bonds.......
817,000 0 0
Ri an*, He H™. er*..„ A Neslivlile DJv. First Mart, Bonds, dx per oent.
2,033.000 00
Pent.*.-,,!* Division Fir*! Mortgage Bonds, s i x percent . . .
580,000 00
gouteeast A Nt. L -Us Ml vt.ion F i r s t Mortgage Bonds, six per c e n t .. ." ..
3,500,000 00
f sosare. A Atiau.te BR, Mrst Mortgage Bond", six p e r cent .
2,763,00000

10,800 08
7 ,0 0 1 ,8 0 0 9 8

06,080 08

44.808 00
4 1 .8 0 8 08

THB CHRONICLE.

Octo ber 8. 1898.J

B r o u g h t f o r w a r d ...............................................................................................
New Orleans & Moble Division First Mortgage Bonds, six per cent.........
New Orleans A Mobile Division Second Mortgage Bonds, six per cent----General Mortgage Bonds, six per cent................................................................
Lebanon A Knoxville Branch Mortgage Bonds, six per cent........................
Pensacola A Selma Division First Mortgage Bonds, six per c e n t..............
Louisville Cincinnati & Lexington Ry. General Mor gage Bonds, four
and one half per cent...........................................................................................
Five per cent Colla»eral Trust Gold Bonds........................................................
First Mortgage Five per cent Fifty-year Gold Bonds.......................................
Unified Fifty-year Four per cent Gold Mortgage Bonds................................
Louisville & Nashville aud Mobile A Montgomery Ry. Co. Four and onehalf per cent Gold First Mortgage Bonds........................................................
Southeast A St. Louis Division Second Mortgage Bonds, three per cent..
Kentucky Central Railway First Mortgage Four per cent Gold Bonds---Paduoah A Memphis Division Fifty-year Four per cent Gold 1st M. Bonds
Louisville & Nashville Railroad Co. 5-20 Collateral Trust Four per cent
Gold Bonds..............................................................................................................

$ 19 , 138,060

745

00

$ 3 3 , 000,000 00

$4 0 0 00

$5,000,000 00
1,000,000 00
10,133,000 00
1,500 000 00
1,248,000 00

$ 7, 152,400 c c

$254,000 0©

3,258,000 00
5,129,000 00
1,764,000 00
31,647,000 00

$7,445,000 ©0

4,000,000 00
3.000,0 >0 00
6,742,000 00
4,330,000 00

4,330,000 00

12,500,000 00

12,500,000 00

$110,389,660 00

COBRENT LIABILITIES.

Bills payable..............................................................................................................
Pay Rolls audited in June, 1898, payable in
July,1898.................
Vouchers audited !'• Jane, 1898. payable in
Jaly,1898.................
Unclaimed on Pay Rolls from July 1, 1860. to June 30, 1897.$210,569 07
Unclaimed on Pay Rolls during year ended June 30, 1898----9^426 74
----------------Unclaimed on Vouchers...........................................
In te rest D u e a n d A ccru ed :

Coupons not presented maturing prior to July 1. 1897.......
Coupons not presented maturing during year ended June
30, L898....................................................................- ....................

$26,568 98
889,050 74
535,953 35

$39,319 90
43,551 47

219,995 81
60,793 44

3,005,059 37

9,426 74
18,948 99

1,732,362 32

15,360 00

52,927 50
----------------Interest on Bonds payable Jillv 1, 1898.................... ................ . . . ..............
Intere't accrued to June 30, 1898, but not due..............................................

1,236 50

$68,287 50
702.220 00
817,773 68

1,588,281 18
47,62J 63
503,652 99
160,533 07

Dividends unclaimed.......................................... Due to individuals and companies...................
Due to other Companies, Tratlie Balances—

184,160 00

187,797 49

35 00

300,903 78
160,533 07

OTHER LIABILITIES.

272,230 82

Due to individuals and companies...................
Reserve Fund—For Rolling Stock....................
For Couplers and Air Brakes
For Reduction of Grade........
For Renewal of Rails............
For General Purposes............

$921,928 73
500,000 00
248 441 00
77.610 37
21,011 98

Profit and Loss (excess of assets over liabilities)
Totai Liabilities.

172,233 95
118,604 40

1,768,992 08
2,846,360 45
$174,309,702 54

1 2 7 ,$ 7 7 7 6

735,964 23
500.C 00 00
248,441 00

156,109 33
$ 2 6 , 677,632 50

$11,014,070 48

TABLE No. V.
BONDED DEBT JUNE 30. 1898.
D e s c r i p t io n .

A m o u n t.

Maturity.

City of Louisville, account Lebanon Branch Extension Bonds..
$1,000 October 15, 1893.
Louisville Cincinnati Ac Lexington Ry. Firat Mortgage Bonds___8,000! January 1, 1897.
69,000 April 1, 1898.
Consolidated Mortgage, Main Stem and Branches Bonds..............
Louisville Ry. Transfer Company Bonds..........................................
286,000 May 1, 1901.
Memphis Ac Ohio RR. Sterling Mortgage Bonds ...............................
3.500 000 Ju** e 1, 1901.
Memphis Clarksville & Louisville RR. Sterling Mortgage Bonds
1,996,600 August 1, 1902.
Maysville & Lexington RR., Northern Divisian, 7% Bonds..........
400,000 January 1. 1906.
a Ceoiiia Branoh Mortgage Bonds...........................................................
545,000 March 1,1907.
Louisville Cincinnati Ac Lexington Ry. Second Mortgage Bonds.
891.000 October 1, 1907.
Louisville A Nashville RR. 6% Sinking Fund Bonds ....................
1,960,000 April 1, 1910.
617,000, March 1, 1916.
St. Lou*s Property 20 year 5 % Gold First Mortgage Bonds..........
Louisville & Nashville RR. 5-20 Collateral Trust 4% Gold Bonds
12,50^,000 April 1, 1918.
fr-Evansville Henderson & Nashville Dlv. First Mortgage Bonds..
2,031,000 December 1, 1919.
Pensacola Division First, Mortgage Bonds.......................................
5*0,000 March 1,1920.
South-East A St Louis Division First Mortgage Bonds ...............
3,500,000 Maroh 1, 1921.
Pensacola A Atlantic RR First Mortgage Bonds...........................
2,753,OoO August 1, 1921.
New Ur eans Sc Mobile Division First Mortgage Bonds ..............
5,000,000 Jautiary 1, 1930.
New Orleans A Mobile Division Secohd Mortgage Bonds............ .
1,000.000 January 1. 1930.
c-General Mortgage Bonds ...........................
10,133,000 June 1, 1930.
Lebanon-K ‘oxvllle Branch Mortgage Bonds .................................
1,500,000 March 1, 1931,
Pensacola Sc Selma Division First Mortgage Bon^s..........
.. .
1,248,00 March 1, 1931.
Louisville Cincinnati A Lexington Ry. General Mortgage Bonds.
3.258,000 November 1, 1931.
First Mortgage 5% Trust Bonds............................................................
5,129.000 November 1, i9 3 l.
First Mortgage 5% ^0-year Gold Bonds..............................................
1,764,000 May 1, 1937.
Unified *0-year 4% Gold Mortgage Bonds.........................................
3 1 ,647.000 July 1, 1940.
South-East & St. Louis Division Second Mortgage Bonds..............
3.000.000 March 1, 1980.
Kentucky Central Ry. First Mortgage 4% Gold Bonds.................
6.742,000 July 1, 1987.
Louisville A Nashville and Mobile A Montgomery Ry. Co. 4*s°ol
Gold First Mortgage Bonds................................................................
4,000,000 September 1,1945.
Paducah A Memphis Division 50-year 4% Gold First Mtg. Bonds
4,330,000 February 1, 1946.

R a te o f
I n te r e s t .

C o u p o n s D u e.

A m ount
o f In te rest.

7
7

8

6
6
4 ’fl
5
5
4
3
4

May 1, November 1.
$22,880
June 1, December 1 .
248,784
February 1. August 1
120,424
January 1. July 1.
28,000
Maroh 1, September 1J
3rt,866
April 1, Ootober 1.
62,440
April 1, October 1.
117,600
March 1, September
30,850
April 1, October 1.
500.000
June 1, December 1,
120,400
March 1, September 1.1
34,»00
March 1 , September 1.
210.000
February 1, August 1
164.080
January 1, July 1.
300.000
January 1, July 1.
60,000
June 1, December 1.
602,160
March 1. September 1.
90.0UO
March 1. September 1.
74,880
May 1, November 1.
146,610
May 1, November 1.
256,450
8 8 . 00
May 1 , November 1.
Januarv 1, Jul\ 1.
1,265.880
March 1, September
90,000
January 1, July 1.
269.080

4i«
4

March 1, September 1J
February 1, August l.{

7
6
7
7
7
6
5
4
6

6
6
6
8
6
6

Totai................................................................ .....................................,$ 1 1 0.389,660

180.000
173, <00

185,294,184

$53,000 of these bonds drawn for Slaking Fund due M«rch 1, 1894. Interest will cease September I, 1893.
5$ OOO of these bonds drawn for Sinking Fund due December 1, 1*98, but not preseate l for redemption. Interest ceased on Deo. 1, 1898.
•/ $2,000 of these bonds drawn for Sinking Fund due December 1. 1897, but not presented for redemption. Interest ceased on Deo. 1. 1&97.
C $1,000 of these bonds drawn for Sinking Fund due June 1, 1898. bat not predated for redemption. Interest ceased on Juno 1, 1896.
0. ' $1,000 of these bonds drawn for Sinking Fund duo J one l, 1*9 \ bnt not presented for redemption. Interest oeisod on June 1. 1897.
($73,000 of these bonds drawn for Sinking Fund due Ju ie 1. 1898. but not presented for redemption. Interest ceased on June l, 1898.
a.

S h ares.

T A B L E NO. V I.
SECURITIES JUNE 30, 1898.

The follow ing is a statement of the Securities owned by
the Company, and included in the General Balance Sheet :
bo n d s.

P a r V a lu e.

2,653 Unified 50-year 4 % Gold M. Bonds, $1,000 each... $2,653,000
1,500 Lg>ui-ville Sc Nashv. Leban.-Knox Br., 6% Bonds,
*1.000 e -ch ....................................................................
1,500,000
?98 N. A N. Pensa. A Selma Dlv., 6% Bonds, $1,000 ea.
3 9-,000
330 L. A N. Paducah A Memphis Div., 1st M. 4% Bonds,
330.000
*1,000 each ................................ ..................................
11 Kentucky Cent. Ry. st M. 4% Bonds, $ ' .000 each .
1 1.000
887 Pei sacola Sc Atl. RR. 1st M. e% Bonds, $1,000 each
887,000
871 Pensa A An. RR. L Grant 6% Bonds, $1,000 each
871,000
414 L. A N. Term. 50 vear 4% Gold Bonds, $1,000 each
444.000
635 So. A No Ala. RR. 5 % Can M. Bonus, $1,000 each.
635,000
22 South A North Ala RR. 1st M. Sterling 6% Bonds,
£200 each............................................. . . . . . . . . .
22,000
212 Louis Hen Ac St. Louis 1st. M. 5% Bonds, $500 each
106.000
135 Log Mt. Coal Coke A Tim Co 0% Bonds, $1,000 each
135,* 00
20 No. iiiv Cum. A O. RR. 6% Bonds, $1,0« 0 each . . .
20,000
43 Slosa Iron A Steel Co. 1st M. 6% Bonds, $1,QUO eaoli
43,000
29 Eureka Co. IstM . 7% Bonds, $ 1 ,0 0 0 each................
29,000
50 Elkton & Guthrie RR. 7 % Bonds, $500 each............
25,000
22 Gainesville Jefferson A Southern RK.2d M. Ronds,
$ ,000 each .....................................
..............
2 2 ,0 0 0
»*»ndry Railroad and other Bonds, Ledger Value. .
17,707
Total Bonds

$-,148,707

stocks.

39,110 Nashville A Decatur RR Co. Stock, $25 each..
$977,750 0#
1,931 Owensboro A Nashville Ry. Co. Stock. 100 ea.
193,100 00
1,044 Nashville Florenoe A Sheffield Ry. Co. Stock,
$100 each.................................................................
164,400 0 0
4,550 Birmingham Mineral RR Co. Stock, $100 ea..
435,000 00
17/275 00
691 Elkton Sc Guthrie RR, Co. Stock, $25 each......
111 Mobile A Montgomery
Ry. Co. stock. $100 ea.. 11,100 00
340 So. A North Alabama IiR. Co. Stock, $100 ea..
34,000 00
446 Birmingham Rolling Mill Co. 8tock, $100 each.
44,600 00
*69,088 Kentucky Central Ry. Co. 8took, $100 eaoh___ 6,908,800 00
* 600 Louisville Harrod’s Creek A Westport RR. Co.
Stock, *100 eaeh....................................................
60,000 00
63 New a Old Decatur Belt A Term. RR. Co. Stock,
$100 each................................................................
6.300 00
* 7,484 Pontchartrain RR. Co. Stoek. $100 each . . . .
748,400 00
192 South-East A St. Louis Ry. Co. Stock, $100 ea.
19,200 00
2,( 58 Term RR A*s’n of St. Louis S'ock, $100-eaoh.
20*»,80000
150 Pensacola RR. Co. Stock, $100 each ...................
15,000 00
150 Lou Gin. & Lex. Ry. Co. Com. Stock, $ 00 ea..
15,000 00
725 Log Mt Coal, Coke Sc Tlmb’r Co. Stock, $100 ea
72,500 00
2,410 South Carolina Term. Co Stock, $100 each . . .
241,00000
823 Gulf Transit Co. Stock. $100 ea li........................
82,300 00
Sundry RR. and other Stocks, Ledger Value . . .
57,188 67
Bills Receivable, Land Notes, eto., Lodger Val.
373,659 91
$10,702,373 58
Total Bonds, Stocks and Bills Receivable................. $18,851,080 77
*The8e Stocks, having been included in cost of road, do uot appear
on Trial Balance under the caption of “ Stocks Owned.”

THE

7 IS

CHRONICLE.

Its odditim ! » tb>- f o r s- an^ - ■-untici the Company also
ow at the M ’ owlng bands and Stock-. which are deposited
with tb Central Trunt Companv o f Now York, Trustee, to
« v iu v in Louisville .v Nashville Unified Fifty-year Four*
per c e n t G o ld M ortgage Bonds, v ia .:
H O S O S-

SI A U M lo.R U .O o 4'P. o, Rands, *100.000 e* , $3,100,01)0 00
JO a l t Mia. tttt- Oo 4 p. e. Hoads,$ i ,000 each ....
00,000 00
Total Honda........................................... .............. $3,150,000 00

m w aa

skar**

lN.toO LouUr r.n .1 U i . R f. G<>, Pref, Stk, *100 each... $1,800,000
isriuitT cm , a ixu Kr. d o . Oow. stir. #ioo «»oh..
odft.ooo
,.t, A No Alabama UR. Co. Pr«f Stk .StOOeaeh. 2.000,000
tl.;:t
A No, Alabama » R On.Com Stk-.AiiiOeaeh. 1,12 ,400
20,307 M„»d .- a .VtoMgcmery Railway <‘«.9Ut. *100 each
V,030,700
3»,»r*o 8 Or:'»5|,»n.ATe*.RR IV.Owreore.tStk ,$100«*0U. 3 ,9 -5-OuO
s,ms-miih iu»t A at. Loin* Rail way Co. * « . , ,100 each.
980,000
j3 ,m i,N „ .iii cii»tt«»*«o.t at. 1- 8 j C « .8 '* .,# t0 0 « » e h . 5,501, 00
9,(®4 Owensboro A Na»hx Railway Co - Sfk,, $100 each,
903,400
'viiii iinui.r-oa Bridge Cetnpany Sfciok, $100 each.......
501 000
285,000
-.,-7 0 PfSiiitriil . Retires,1 IJi'iipalsy Sleek, $109 ,' K'h---! X‘0O Leultvl! e Hallway Transfer C o . rihR'k. $100 each.
100,000
lo .7 .'- Mr-inUs.-h.sui Mineral Railway 00 Stfc . $100 each. ’ ,972.000
If*.»9o Alabama Mineral Kallrmid C o Stock, $100 each... 1,909,000
o.
a ,-Siv. 13..r. nee A 3 tied Ur Co Stk- * 0 0 each .
01 ,000
39:. Heti3.er.ini Belt Katin, ad Co Stock. $50 each . . . .
19,7 0
lo.-tfii'*:,, Shelby Railroad Company Stock. $50 cacti.......
549,185
T o ta l Stocks

$25,992,535

Total Bond* and Stocks

$29,142,685

[V o l .L X V II

Mortgage Five per-cent Bonds, which have been deposited
with the Farmers' Loan <£ Trust Company, o f New York,
Trust.-e, to secure the issue of $■'>, 129,0 O Louisville & Nash­
ville Railroad Five-per cent Trust Bonds.
The Company also owns $200,000 South A North Alabam a
Railroad Five per-cent Consolidated Mortgage Bonds and
$$50,000 Louisville & Nashville, Pensacola A Selma Division
Bonds, which are deposited with the Farmers' Loan and
Trust Company, Trustee, as collateral for the Georgia Rail! road lease.
The Company also owns $14,000,000 Louisville & Nashville
Unified Fifty-year Four-per-cent Gold Mortgage Bauds, and
$4,000,000 Louisville A Nashville, Paducah & Memphis
Division, Fifty-year Four-per-cent- Gold First Mortgage
Bonds, which "are deposited with the United States Trust
Company. New York, Trustee, to secure the issue of §12,■5 i ,000 Louisville & Nashville Five-twenty Collateral Trust
Gold Bonds.
T A B L E No. V II.
GROSS EARNINGS, OPERA (TNG EXPENSES AND NET, BY
MONTHS.
(L. *fc N. SYSTEM.)
ItKCAPITOLAVION".
(Average for year 2,98$ miles.)
(Genu omitted to table.)
Mis- |
Operat’g Net
press, j neousJKuralngs Kxpens’s Earn’gs, °K 2

FrelKhL Passen­ Mail ! Ex- I oella- ! Total
ger.

The Company also owns $2,000,000 South & North 1189
*
S
f
$
t
f
30.687 30,518 1,795,450 1,167,740
Alabama Railroad Company Second Mortgage Bonds, which July 1,251,463 423.914
28,198 21,381 1.778,10- 1.183,830
utr 1,831,291 435,304
iiAYe i> , !i deposited with the Uniou Trust Company of A
21,7.0
28,922
1,900,015
L
,
864,873
Sep. l.Hm.06' 364,419
34,769 31.91" 1.868,454 1.25»192
New York City. Trustee, to # “OUre the Louisville & Nash- Oct 1,397,027 888,*08
35,3*4 29.598 1.811,64-J 1,333,789
v 1,127.24 2 291,063
▼’lie Railroad Company's $2,000,000 six per cent Sinking No
43.472 28.636 1,025,277 1,218.853
Dee 1,423,640 369,531
Fund loan of April 1, 1.880; $10,000 of these bonds, through
»S
t>
8
the operation , >f the said Louisville & Nashville Railroad Jan. 1,330,748 354,945 59,440 32,708 29.833 1,807,683
1,293,283 332,28 i 59,*83 30,774 39,152 1,754,983
Sinking Fund loan, have been redeemed and canceled, thus Feb 1,302,785
341.448 55.430 25.942 58/08 1,854,195
Meta
reducing the amount to $1,900,00 '.
Apr 1,272,034 852,230 59.767 41,422 48.511 1,773,963
383.902 5M.547 43,469 42,213 1,851,649
The t otnpany also owns $1.'200,000 Owensboro & Nash­ May 1,816,452
J’ne 1,223,869 483,017 57,743 35,535 79.21*3 1, 80.359
ville Railway Company First Mortgage Six per-cent Bonds
ana $'..’,<2 9 ,0 0 0 Birmingham Mineral Railroad Company First ; Tot. 158.84,802 4,557,72 702,140 421,597 460,382 2I9M6.352 14921,73

627,716 65-04
594.266 66*58
655.8581 64*88
618,201 66*01
607,860 66*90
706,424 63*31
627,904 65-36
550.698 68-62
561,7991 69*70
479,751J 72"M
522,975] 71*76
521,403 72*27

,»'74,032167*81

TABLE No. V in .
TOTAL EARNINGS, OPERATING EXPESSES, AND

NET.

KECAPITCLATtON.

Sources.
P*-*ruger..................................... ..........................................
M ail........ ................................ ....................... .........................
Express.............................................................................................
Train privileges ............................................................................
KnMir.bt .
..........
....... ....... ..
. . . . ..
itfeiit of j.«*>lieoy f earw....... .......................................... .............
Item;
t r >'1 k hi evirw ................................. ............................
IWbtof
... ...................... .......... . . . . . . . .
Gar deteuwoc, storage, etc.......................................................
Rents ............................. .... ................................
Telegraph - ...... .....................- ....................... .................. .
Wijarfutdr usd 9io»){e......................... ....................
Bridge toll*.........................................................
Si<5n»jf0—S* Loais Storage Winruhou^o........ . .................. „
Tenne»M» River t ransfer.............................. ................... .
Total........................................................

P e r c e n ta p e
o f G r o ss
E a r n in g s .

20*720
3*192
i *91(i
*om
72*078
0 6
'699
-430
*107
•655
■019
071
*002
*017
•001

O p e ra tin g
E xp en ses.

G ross E a rn in g s,

$4,557*729
70*2,140
4 2 1,597
19,555

13 ]
60 i
98 [
40 J

100*000

]fe t
E a rn in g s.

mw wai 0 oq 1 1
‘ v l 9V** 1 1

$3,987,455 83

$1,713,567 28

15.854,802 30
21,267 30
131,79 88
94,723 77
23,622 93
143,964 sSO
1,129 80
16,198 74
4*26 on
3,8-r'8 67
939 52

10,934,274 31

4,920,527 99
21,267 30
13 ,795 88
94,723 77
23,522 93
143,964 8*
r.129 8*
1 6 ,198 74
426 0*
3,858 67
939 52

*14,921,730 14

$7,074,922 68

$ 2 1 ,9 9 6 /5 2 82

FINANCIAL.

NASHVI LLE C H A T T A N O O G A & ST. LOUIS
RAILWAY.
POST

FOR TH E FISC AL Y E A R ENDING
J U N E 80, 1898.

Nashville, Tens., Juiv l, 1898.

1r> the S to ck h o ld e rs :
The Forty-seventh Annual Report of the President and
Directors of the Nashville Chattanooga & St, Louis R'y for
ending June 80,1898, wherewith subm ittedSULKS OF KOAD OPERATED.

The Bonded Debt as per last report was............................$13,397,000 0$

There have been redeemed :
Tracy City Branch Six Per cent Bonds.............................

First Consoldated Mortgage Five
Per CentlBondsiiave been issued
as fo llow s:
For t he purchase aud improvement of the
Mid L- Telia- ssee A- Alabama RR.......... $575,000 00
In lieu of Tracy City atul Duck River
Valley Bonds redeemed........ ..................
44.000 00
619,000 OS
Leaving the Bonded Indebtedness this
dmo....................................................................................$15,996,000 00

Main lAun .......... ...........................................................
320-21
'• '
................
' ............
09*54
<fc Colnmbtn...................... ....... . . . ______V./.l, *****
86*47
timittfvlUe Ac »iau*dr*n........> . . > « . . . * , „*!*,* 1***’
80*21 Passenger.. . . .
l>tba»*ni . . .............................................................. ****
29*21 : Freight._____
Tw ^rcuy. .............................................. .................................. ...
0 73 M alls...............
ft
te.lt1* V i l l 'f . .....................................................
03‘14 E x p r e s s ...........
.......
................................. . ..............
66*94 Rents...............
z b rih jv m * .___ _________ _______ _______
/ ’ *...........
8 01
Wot; ?
*
................................. . . . . . ’. .r.V .r
0 20
Rotoc
.......... .......... , ................1*1**.........................
18 16
W n MWI a AM'V’ h4*- tt**i.r<»rvi (LufAUM.!)_____ ____
I3b'82
904-08

To this should be added:

» t M/'tnphD A Paduciit DlvUiun, the operations of
wl,i.--i »re kepi .,
...........
..........
253-74
Alee that parte* tl.. MiddleTk oo m w . A Al v-am i Rit.'whioil
bee l»#a reL'Uit sod i, reedy for opetatlmi.................
8 14

20,000 0#
$15,377,000 0*

GENERAL RESULTS.
UUOSS EARNINGS.

.........................
$1,353,867 33
........ ................
3,919,535 22
................................
168,811 OS
- - - - - - ......................
69,345 09
..................................
135,940 20
---------------------- $5,640,548 89
OPERATING EXPENSES.

Maintenance of W av..................................
$753 621 48
Maintenance of Equipment........................
438’ 275 37
flondiH-UiiK Transportation ...................... 2,293,503 85
General Expellee*........................................
178 425 16

-------- I— ------,se3,«25 3«

Net Earnings ............................................ ......

$1,982,723 53

Deducting charges against Income:
Mektojf t)t" letel Hitle»*e ........................................ ...............f .183 80 mtorest....................................................
$970,030 00
j Taxes—..................
............... .
132,186 *3
W hich is located in the following States:

Teese-w e

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

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

Althea,* . . . . . . . ........... ........................... . .LIU **
O eetsla .............................. .......... . . . . . L . . . . . . 7* **'*"
Keotacky ............................. ..............................."

Rental—Western & Atlantic Railroad"

874-34
114-43
10 '1 -25
f 7 -.0
1,183-80

120,012 00

•.

1,522,198 83
Surplus,

$460,524 70

From which the usual dividends* amounting to $400,000 ;
have been paid.

THE CHRONICLE,

October 8, 1898.J
COMPARISON.

M IL E A G E IN S T E E L .

The following statement shows the operations of the
road— 905 miles, for the year ending June 30, 1898, as com ­
pared with the previous year:
F o r T w elve M o n th s
^ E n d i n g J u n e 30,1898.-^

$
Gross Earnings.. .5,646,548 89
Operating Exp...3,6o3.825 36

$

D

iv is io n s

.

F o r T w e lv e M o n th s
E n d i n g J u n e 30,18^7.-^

$
•%! 1 6 ,118 44
3,204,671 55

$

Net Earnings.
1,982,723 53
1,911,446 89
In terest............... 970,0^0 00
962.780 00
Taxes ......... . . 132,156 83
125,(539 75
Rental Western &
Atlantic R R .... 4°0,012 00 1,522,198 83 420,012 00 1,508,431 75
8 utpi u s ....... .
T h e e a r n in g s a n d
years h a ve b een ;

747

460,524 70
e x p e n s e s p e r m ile f o r

403,015 14
t h e p a s t fo u r

Sbelbvvilie— ...............
Fayetteville & Columbia...
Huntsville & Gadsden.

68

lbs.

60

lbs. 6 8 lbs.

130*90
1*83
11-5*28

.........

' ' *97

' 6*94

' 5*60

....

Total......................... 25?*5»l

6*94

20*25
150*21
29*21
*82
31*J1
2*71
53*33
13*60
31*02
20*13
3*96

366*14

56

lbs.

52

lbs.

11*62
18*54
18*15

3*92

*22

1*00
29*61
* 3 *60
26*88
1*4*
31 09

40

lbs.

8*55
*8?
30*44

12*42

88*34 177*57

12*42

3S lbs.

Total.

151*15
1H7*5S
I3i>*82
18*15
29*21
2*04
68*63
*6*34
80*21
20*73
02*11
' 8*68 4 9*7 8
4*78
30*44
*•08 907*97

M IL E A G E IN IR O N .

56 lb s. 52 lb s . 50 lb s. 40 lb s. T o ta l.
1*48
1*48
.........
5*97
1894-95.
1895-96.
1896-97. 1897-98.
0*91
0 91
Gr ss Earnings................... $5,109 20 $5,625 97 $5,658 77 $6,239 28
o 13
0*13
Operating Expenses.......... 3,022 57
3,508 15
3,544 60
4.048 42
1*02
1*02
12 65 16*16
Ontreville..................... ...................... 3*51
Net Earnings.....................$2,0*6 63 $2,117 82 $2,114 17 $2',190 86 West Nashville.............
1*48
i*48
......................... ----- .........
T h e g r o s s e a r n in g s p e r m ile f o r t h e p a s t s e v e n y e a r s h a v e
Total............................................... 9*48
3*54 12*65 27*15
1*48
been :
1891-92......... ......................................................................................$6,609 00
18*2 93.................................................................................................. 6,33 ->63
1893-94 ................................................................................................ 5,109 22
1894 9 5 ................................................................................................. 5,109 20
1895- 9 6 ............................................................................................ 5,625 97
1896- S-7............................................................................................ 5,658 77
11-97-98.................................................................................................. 6,'. 39 28
T h e p r o p o r t io n o f e x p e n s e s t o r e c e i p t s f o r t h e s a m e p e r io d
w as:
P ercen t.

1891-92................................................................. ......................................62 09
1892 9 3 ......................................................................................................... 61 17
1893-94................................................................................................... .. 59 09
1894- 95 ................................................................................................. 59*16
1895 9 6 .........................................................................................................62*35
1896- 9 7 ................................................................................. ................. 62*63
1897- 9 8 ....................................................................................................64 88
T h e t r a in m ile a g e fo r t h e y e a r w a s :
Pa."»enger...................................................................................
1 ,4 2 9 .8 6 '
F reig h t.................................................................................................. 2,641,8*1
M ixed.................................................................................................... 304,089
Construction...............
131,360
Switching...................................
902,658
Total................................................................................................ 5,456,255

The earnings per train mile were:
Freight......................................................................................................... $ 1 58
Passenger................................................................................................... 1 00
EQUIPMENT.
ENGINEB.

Two new locomotives were purchased, and five condemned
and sold, making the total number 166, all of which are in
good condition, ninety-eight having been thoroughly over­
hauled during the year.
The engine mileage was 5,456,355, against 5,674,963 for the
preceding year.
The cost per train mile has been:
C en ts .

For repairs.................................................................................... ............ -/ o
For *nsine and roundhouse m en............................................................ 6*08
For water su pply........................................................................................
*r i
F or stores....................................................................................................
-68
F or fu el..........................
7-35
T ota l............................................................................................................16-78
CABS.

T h e p a s s e n g e r e q u ip m e n t c o n s is t s o f :
Passenger coaches....................................................................... H 2
Baggage cars......................................................
3G
Postal cars...................................................................................
1 0 — 158
F r e ig h t e q u i p m e n t :
Box cars...........................................................................................2,260
Coal cars.......................................................................................... 1,146
Flat cats .................................
..." 564
Stock ca rs.................................................................
104
Coke cars........................................................................................’ 206
Ore cars ..........................................................................................
50
Gravel cars............................................................................
25
Cabooses.........................................................................................." 187—4,542
O th er ca rs :
Pay c a r ..................................................................
1
W recking ca r s................................................................................
3
Pile driver......................................................................................
1
Cook ca rs...................................................................................... ."
2
Dorrick cars .................................................................................
3
Tool ca rs.........................................................................................
6
Air brake c a r ......................................._________ . . . . . . . . . . . . . .
1—
17
Grand total..............................................................................

4,717

Two coaches and one baggage car were purchased. Sixtyfive coaches and baggage cars received general repairs
One hundred and thirteen freight cars were built, and
2,569 thoroughly repaired. Six hundred and three cars were
fitted with air-brakes and automatic couplers, m aking a
total of six hundred and thirty prior to July 1, 1898, leaving
3,912 to be equipped in the next eighteen months in accord­
ance with the United States law in regard to safety appli­
ances, which will cost $312,960.
ROAD DEPARTMENT.

There was laid on the Chattanooga Division 9-92 miles of
68^1b. steel rail; Northwestern Division -06 miles.
11*62
miles of 36-lb. steel rail was laid on the Northwestern Div­
ision between Union City and Hickm an, and -22 miles on
the Shelbyville Branch. The old steel taken up was laid on
branches and side lines.

D iv is io n s .

Northwestern...............
-dielbyvilie......................

ROADW AY.

There were 356,210 cross ties renew ed , and 42,859 used in
new side tracks, th e average cost b ein g 28i£ cen ts ; 269 sets
o f sw itch ties w ere used o f w hich 48 w ere on n ew side
tracks.
There were 6 ’15 m iles o f n e w side tra c k co n stru cte d , and
72,665 cubic yards o f ballast placed in the track .
The right o f w ay has been secured and grad in g co m ­
pleted for a cu t off a t H o llo w R ock, w h ich w ill m ake a
m ore direct connection w ith the M em p his & P ad ucah D iv ­
ision, and reduce expenses.
C um berland M ountain tu n n el has b e e n enlarged so as to
a d m it o f the passage o f larger cars.
BRIDGES AND TRESTLES.
The four 50-foot p ony truss spans over O verall's Creek and
three over W a rtra c e Creek have been replaced by plate
girders, and six o f the old spans have bsen stren gthened
and re-erected over L ittle Sequatchie R iver on the Jasper
Branch. The tw o 160-foot com bin ation spans over L ittle
Sequatchie R iver w ere changed to 120-foot spans and erected
over E lk R iver on th e M iddle Tennessee & A la b a m a R ail­
road. The tw o 50-foot plate girders over C row Creek have
been com p leted .
Contracts have been let for rep lacin g six com bin ation spans
over H arpeth R iver on the N orth w estern D ivision , each
about 96 feet long.
4,987 lineal fee t o f trestles have been filled .
BUILDINGS.
T he old freight and passenger depots a t R om e, ( la ., have
been torn dow n and new ones b u ilt, and the yard re-ar­
ranged. N ew depots a t Gleason and G ardner and a w a itin g
room a t E ast Sparta have been erected .
WESTERN * ATLANTIC RAILROAD.
The operations o f the above railroad for th e fiscal year
ending June 30, 1898, w ere :
RECEIPTS.
Freight..................................................................$1,244,810 36
Passage...............................................................
*63,226 80
Mail.............................................................
56,046 20
Express .............................................................
21,06178
Other sources...................................................
50,3*7 *9
--------------------- $1,635,472 43
OPERATING EXPENSES.
Maintenance of W ay....................................... $140,648 64
113,808 15
Maintenance of Equipment..........................
Conducting Transportation..........................
779,496 59
General Expeuses .........................................
29,786 14
--------------------- 1,063,739 52
Net Earnings....................................................................
$571,732 91
Rental .............
$420,012 00
Interest..............................................................
36,000 00
Taxes...................................................................
9,892 01
--------------------------------------- 465,904 61
Surplus.......... ................................
$105,828 30
STATISTICS.
Total number of passengers carried....................
2r9,255
Amount received from each passenger................
*89772
Total number of passengers oarried one mile.. 12,931,763
Average receipts per pass ings r per mile............
02004
Total tons of freight carried............................
1,351,804
Average amount received on eaoh t.oa carried..
*92085
Total tonsof freight carried om* mile...................153,518,345
Average receipts per ton per mile........................
*00811
There has been laid 26*41 m iles o f n e w 68 lb steel rail and
13,490 yards o f stone ballast put in the track . 1*80 m iles o f
new side tracks have been co n stru cted , aud the tunnel at
T u n n el H ill has been exten siv ely repaired and the track and
side w alls straigh ten ed. N e w Section houses have been
constructed on sections 12, 18 and 19. On S ection 7, a fourroom house w as purchased and tw o n ew section houses
erected.
MEMPHIS * PADUCAH DIVISION.
The operations o f the M em phis & Pa lucah D ivision for
the fiscal year en d in g June 30, 1898, not included in the
general results, have been:
Grows earnings.....................................................
$ 5 :1 ,3 9 1 0 3
Total expenses
..............................................$700,624 80
Less Improvements paid by lessor................. 278,871 73— 421,753 07
Net earnings......................................................
$139,637 96
T a x e s ..................
................................... $ 21,000 00
Rental..................................................................... 168,379 19— 189,379 19
Deficit..........................................................................................$ 49,741 23

•J

t

THE

48

[ V o i . L X T IL

CHRONICLE.

The Stock Shalt be U*M bv tho voting trustee# for Hye years, and for
T he w n t w derived by tlvi Main Line on business ra­ #ui?h further purScuJ, if any, u * ah ill «lap*o boforu the ilr«t preferred
w i r e d from sisni deliver id to this division for the fiscal year •tuck Alia1 1 h;ivc ruufiv.ni ,t i p^r eeafeu^lHllv! load fo three eonaooulivt' ycurs
the voting
m iw In thair d eration , Ga­
was $366,063*73.
ll ver the stock ill any earlier date. Uatll delivery of 8to«k the voting
The equipment consis
trustees will tissue oertttleateH of beueilehil Interest. No naainonal
UwciOlaEirM...... . . . .

!>»*** US«-r. l.»gc-ev an
f n k t t an.l other ears

\ l» r -. amount of work has been done in improving this
Road Oil. hundred and six te-.t of old wooden bridges and
5d ft- i o f oak j.ile trestle have been replaced with iron; 958
feet of new trestle built; M2.1 IS lineal feet of cedar piling
driven, and I3.1M.I fcet o f deck renewed; 7,840 feet of
treaties filled; 35 *52 miles of new fence built; 33 stock gaps
renewed, seven new ones put in and 3*12 miles new side
tracks built. New water tanks have been built at Jackson
and Y u m a; three section houses at Elya; tool house at
Wildersvitle, and one at Murray; 27*70 miles of track have

moriifatfr -lmll lw\ put upon the property or the amount of the first
preferred *t'»ok authorised un ler this plan b i inoreased, exceptjwjth
the consent in each Install©® of the holders of a majority of the
whole amount of h*-**t preferred stock, given at a meeting of the RtocKhoiders c, tilt’d for that par pose During the existence of the voting
i trust, the voting triiMeen will not vote on their said hrs: preferred
K'.ock tor the purposes indicated without the oonsent of holders of the
like amount of th it cla»s of boneflelal certificates.
Tho new 90 m pan y to ay reserve the right at sny time to redeem Its
preferred stock at par, m cash. If allowed by law.

beam b a ll a s t e d .

The total mileage of steel is 118*16 of 60-lb. and 135*56 of

5 6 -ib . r a il.

The c<«st of improvement- on this road, amounting to
t?7-,s71*7.i, has been paid by the Louisville & Nashvillo
Railroad Company, the Lessor.
Ml OUtS: TBKKES8EB ,t ALABAMA RAILROAD.

Under authority of resolutions adopted by the Stockhold­
ers at the last annual mooting. votxr Company has pur­
c h a s e d the Middle Tennessee & Alabama Railroad, extend­
ing from Shelbvville. Tennessee, to Decatur, Alabama, a
distance of 7i> 10 miles; and that portion of the road from
Fayetteville, Tennessee, southwardly, a distance of 30*44
miles, to Jeff, in Madison County, Alabam a, has been com ­
pleted, and is now ready for operation.
8TATEM ENTS.

The following statements, showing the business o f the
road in detail, are respectfully submitted herewith. [They
will be found in the pamphlet report.]
No. 1— Resources and Liabilities.
No. 2— Amount and Maturity of Mortgage Debt.
N'o. 3 —Statement of Operations.
4— Ear -mgs. Expenses and Net, by Months.
No. 5— Revenue Earned by each Division.
No. 6— R-venue Originating on each Division.
No. 7— Passenger Earnings.
No. 8— Passenger Statistics.
No. 9— Freight Earnings by Months,
No. 10 and 11— Local and Through Freight Earnings.
No. 12— Freight Forwarded.
No. 13—Tonnage Statistics.
No. 14 and 15—Classification of Freight Forwarded and
Received.
No, 16—Freight Statistics.
No. 17— Mileage o f Cars and Cost of Repairs.
The Board of Directors desire to express their apprecia­
tion of the faithful and intelligent services rendered by
officers and employes.
J. W . TH O M AS, P residen t.
On page 782 will be found stat istics of operation, earnings
and expenses, and comparison of income account and bal­
ance sheet.
Ufll»n Pacific Denver St U n lf Ry. Co.— Denver Leado l l e A Gunnison Ry.—R eorg a n iza tion P la n .— Under date
of Sept. 29, 189s, the reorganization cim m ittee of the Union
Pacific Drnver & G ulf Ry. Co. has issued a plan of reor­
ganization providing for the retirement of all the seenrities
of that road, and also for the acquisition of the Denver
L n d v ille & Gunnison (888 miles), and for the issuance by a
new company owning the combined properties [l,0S8 miles,
exclusive of the 151 miles of the Joleshnrg branch, under
contract to be sold to the Union Pacific RR. Co.] of;
1.

F ir it mortgage i p e r cent g o ld bonds, to be secu red b y a
m o n ta g e anil pledge o f a ll p ro p erty an d sec u ritie s em
braced in the reorganization , and also a ll otliet* p rop erty
acquired b y use o f tile now bonds. T h ey w ill b e ar In­
te r™ ? from Fob. I . 1 899 . p a y a b le semi a n n u a lly A u g, 1
sod Feb. 1 , and w ill .nature i v i. 1 . >9*29 T o t a l ... . . . . . . $ 2 0 , 0 0 0 ,0 0 0
O f w bieb In p artb il e s e b a n g ' fo ro b l b o n d s ................. .........
i t , 043,200
t» t> ,*rl«,l p aym ent fo r D enver L e ad vtlle * G u n n iso n .......
tor
Bold 10 -y n d lra te for rash req u irem en t1*.. . . . . . . . . . . . .... ........
1,350,000
OIT..r,-.l tor *-1 r to d ep ositin g sto rk h o ld e rs.............................
760,750
F o rt* organisation e x p e n ses an d oonttngeflclus ...................
371.450
R esid u e to be r s s e t r r .l fo r tee acq u isitio n o f coal proporV « and fo r I-su e, u n der p rop er re stric tio n s, a t tho rate
o f not ex ceed in g $ too ,0 0 0 In an y on e y e a r, fo r the puro f fu tu re ad d itio n s, b etterm en ts, eq u ip m ents, oto.
3,250.000
2 . Ve« r o m .ifo b -r I p er cent ft r il p re fe rre d flo c k .......... . . .
8 , 9 0 0 ,0 9 0
O f which lu p s r j.tl ex ch an g e fo r old bonds .......................
5,434.300
tn p a rtia l p aym ent fo r D en ver L e ad vltle ffe G u n n iso n .......
416,800
ti.I'l to s r iv llr a r r for x-i r,-.q ulrem snta ...............................
1,010,000
O ffered to d ep ositin g stock b o ld e r*........... ............ ........ ............
1,534,egg
r
V
i
n
U
n
g
e
r
....
7,501
Son rbYTiutobr,- 4 p f r
,'4oinf p referred stork
8 , 900 ,00 0
Of which In p a rtia l e x c h a n g e fo r old aeoiirlttes . . . . . ........
5,152,300
In p i r t l a ' p aym ent fo r D en ver Iz-.vXfllie A ( Ju n o !-o n .......
313J600
fo ld to - jn d lr o le for cash req u irem en t* .................
...
800.000
Offered to d ep ositin g sb —khriM orr ....... .
..........................
1,521,400
F u r acqu isition o f coal properites and c»ntlng«nete>__ 513,701
+ Common it ,W. . . . .................. ............................................ 3 1 .0 0 0 ,0 0 0
Offered to d epositin g s to c k h o ld e r - ........... — .........................
30,490,083
F e r »eq ii-itlon o f coal proporUo* aod fo r eo n tln gen cle- .
570,otS

E xchange o f S e c u r itie s —The basis of exchange is as fo l­
lows, the old bonds to carry the overdue coupons:
TTih receive.
A m oun t
E irh #1,000

n r A $100 ffcocl; 4 * p U

lesu ed

I*rf 3f. Jat fir*/. 24 prrj . Ooml
St9r$,, Stock.
4*.
St^ch,
*800 *asw *300
800
fSO
900
im
800
1/0#
....
Sue l'oot note' ‘a.*
200 15#
050
2-50 5
»
*100

U. P. Denver & Gulf Consuls......... T.,$lB,801,O0i1
Denver T nx. k Gull Ui M .......
1,OS2,000
Beaver Tex. a Port \V. ’ Bt M
?|UOOO
“
Funded ini, ccrfit!cates.......
8 ywo
4.Vj-ft.OO1>
^.Colorado Central 'si M ............ ...
bU. 1*. i y - IH-iv 1 1 ),u. Load. A bun.). 2,S06,<*K>
l). P. It. AO.
IBwek' If paying) qo4*ui)82
Den,Tux. A F. W .' H» per share, i )
1 *
Tins mortgage lusiurlng these bonds will be foreeloaea, the bonus t* receive
parmul intorestln cash.
„
,, ,
l>. Front notice of Denver LeodvUXe A Gunnison commltfeee au above olted.

Cash R equ irem en t* .—A syndicate has been formed by
Messrs. Hudlgarten & Co. and J. Kennedy Tod & C x which
agrees to underwrite the stockholders' payments and to purcnase f l , 250,'ll0 first mortgage bands; $1,030,000 first pref.
stock trust certificates;; $800,000 second preferred stock
(trnat certificates ) The cash contributions of stockholders
and the amounts to be paid in by the syndicate will aggre­
gate $4,513,998. In addition about $2 653,"00 will be available
from proceeds of sale of Julesburg branch and of Panhandle
RR. (estimated), cash in the hands of the Receiver, Dac. 1,
189S, and in the hands of the trustee of the consolidated
mortgage. The total, $7,165,998, is applicable as follows:
For taking up $1,788,000 Colorado Central RR, 0 0 . 1st mortgage 7
per cent bonds, for new machine shops at Denver, air brakes, coup­
lers, equipment and Improvements during first flue il year, additional
terminal facilities at Denver, and o’bcr purposes of the new eompany,
expenses of the reorganization. Including commission to syndicate
and franchise and stamp taxes, and for working capital.

F ix ed C h arges, E t c .—T * e charges, etc., appear as follow s:
-77. P . D e n . <7- G u t/ Ri/.— ,—D . L e a d . A G u n . R y .--,
1898.
1897.
1893.
1897.
Gross earnings.......... $ 3 ,7 3 ’ .001
$3,223,«35
$685,719 $704,398
Operating expenses.. *2,525,572
'2 ,2 25 t83->
543,413
605,156
Taxes paid ..............
te5,396
153,520
4 4,70i
45,»47
Betterments________
5‘0,02t
78,827
7,693
6,239
Neteamings________ 1,0*26,102
763,403
89,911
47,556
Average net earnings, both lines, for above years........... ....... $963,436
Deduct approximate net earnings of Julesburg branch (sold)
$170,000, and add miscellaneous income $15,0 Jo, li t.......... 155,000
T ea r en d . J a n e 3 0 —

Average net earnings of roads included in plan...................$308,486
E s tim a te d nd earnings tor gear 1897-93 The receiver estimates that the net earnings of the proper­
ties embraced tn the reorganization, excluding the Jnlesburg Brunch, for the year 1S9' will bo at least $ 1,090,009,
mm that, with the saving- in operation of $50,000 under
D. ,t R G. contract and of $50.0)0 through new shops
and equipment to bo pr ivided by reorganization, the
future average net earnings of the properties, under or­
dinary conditions, inay safely be taken as ...........................$1,#50,00®
F ile d c h a r g e s —

Fixed charges under plan—4 p. o. on $17,509,000 bo n d s,... $770,000
Present fixed obarges -U . P. D. ,t G. Ry. Co., $1,217,560 ;
D. L. & G. Ry. Co., $103,860; total......................................... 1,321,420
-In these operating expenses there were charged expenditures made for re­
pairing tho effect- of the disastrous and unprecedented cloudbursts of July
2i. to *', the losses resulting from which the receiver estimates, exceeded f 100,OOu, and without which tho average net earnings should have been over $041,752

R ight to P a r ticip a te .— Holders of CT. P. D & G . consols
deposited who shall not have withdrawn their bonds by
0.;t. 28 will be bcmni by the term) of the plan. Those ap ­
proving the plan should have their certificates stamped as
assented. Consols not deposited im r come in on or before
Oct. 25. C rtificataB of deposit for Diavet* Texas & G o lf and
Denver Texas & Fort W orth securities, an 1 als > securities
of thote companies not deposited, must ha delivered to the
Central Trust Co. on or before Oat. 35, 1898. in exchange for
new certificates, in order to participate. Depositing stock­
holders must have their certificates of deposit stamped
assented, and holders of stock not deposited m ast deposit the
same, on or tefore Oct. 25, 1898, and must pay at the deposi­
tary in New York, or at its agency in Boston, two equal in­
stalments of $5 each the first on or before Oct. 25, 1894, the
second on or before Nov. 28, 189$. Failure to pay either in ­
stalment when and as payable will forfeit all rignts of
purchase.— V . 87. p. 691, 319.
W hite breast Fuel— Lnva & Illin o is Coal Co .— R eceiv er, —
At. Chicago, on Sept. 80, Judge Showaiter of the United
States Circuit Court, appointed E A. Potter receiver of both
these companies. Mr. Potter is President of the American
Trust & Savings Bank of Ctxicago.— V. 67, p, 691.

—The semi annual dividend of the Cincinnati Sandusky
& Cleveland Railroad Company of three per cent on the
preferred stock will be paid Nov. 1. by J. P. Mirgan & Co.
Transfer books will close Oct. 20, and reopen Nov. 2
— The Empire State Idaho Mining & Developing Company
Volins T ru st. - T h e plan provide* as additional protection has declared it- monthly dividend of one per cent, payable
to the new bonds that all classes of stock, except Bhares to Oct- 15. Th* net earnings of this comprny for the four and
qualify director*, are to be vested in these voting trustees: a-half months since its incorporation are reported to have
fire#villa ML D tdge, Frederic P. Olcott, Harry Walters, been a little over $99,000, equivalent to nins par cent on its
Henry Budge and J, Kennedy Tod, and says:
capita) stock.

THE

O ctober 8, 1898. |

CHRONICLE.

Cmtxniercial tiroes.
COM ME RC1A L

C O T T O N .

1,
1898.

O ct.

P irk.......................
4i*rd......................
Tobacco, domestic ............hhds
Tobaoco, foreign..
Ocffee, Rio............
Coffee, other........
Coffee, Java, Ac. _.
............hhds
flagar...................
Molasses, foreign ............hhds
Hides..................
notion..................
Rosin..................... ............. bble
Hplrlts turpentine
C * r......................
Sloe, E. 1..............
Rtoe, domeetia— ..............bble
lin seed__ ______
Saltpetre..............
Jate botts.............
M anlla hemp........

Sisal hem p............
F lour...................... bbls. A sacks

15,902
9.947
14,900
4.200
653.827
123.618
97,055
641
216,326
None.
48,600
52,160
39,581
1,456
776
4,200
1,189
None.
«,3< 0
None.
13.465
67,244

1,
1898.

1,
1897.

S ept.

O ct.

18,461
11,305
15.r oo
3.400
532.204
82,500
105,753
1,165
369,002
None.
71,400
52.015
44,523
1,420
1.159
6,( 00
1,400
None.
6,800
None.
12,565
79,152
7*

9,139

12,6r>0

13,835
4.96 1
353,372
117,985
68,»70
4.r-7
992,319
None.
43,200
61,710
34.40'
1.460
35b
600
750
None.

21,000
1,000
26.794
None.

on

Lard on the spot has been in fairly active demana from re­
finers. Early in the week there was some pressure to sell,
but the close was steadier, with nearly all o? the loss recov­
ered, closing at 5'lOc. for prime Western and 4'sOc. for prime
City. Refined lard has had a fairlv large sale. The close
was steady at 5 40c. for refined for the Continent. Specula­
tion in lard for future delivery ha3 been moderately active.
Early in the week prices declined under large receipts of
swine, yellow fever reports from the South and aggressive
selling by some operators. Subsequently, however, there de­
veloped a demand from shorts to cover contracts and most of
the loss was recovered. The close was steady.
DAILY CLOSING PRICKS OF LARD FUTURES.
Sat.

O ctob er delivery.......... 0. 5*0B

9

M on.

Tutu.

Wed.

Thar .

5'05

4-97

4 97

5-10

October 7, 1898.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 348,231 bales,
against 318,605 bales last week and 200,265 bales the previous
week, making the total receipts since the 1st o f Sept., 1898,
1,044,015 bales, against 1,115,668 bales for the same period of
j 1897, showing a decrease since Sept. 1,1898, of 71,653 bales.
F r i d a y N ig h t ,

Th e M o v e m e n t o f t h e C r o p ,

EPITO M E .

F r i d a y N i g h t , Oct. 7, 1898.
The warm weather experienced early in the week had a
tendency to interrupt business to some extent in seasonable
goods. As a rule, however, trade conditions have under
gone few important changes. The volume of merchandise
moving has continued of fairly large proportions and values
in the main have held to a steady to firm basis. High ocean
freight rates have continued to have a tendency to hold the
export business in breadstnfifs in check. This was particu­
larly noticeable during the first half of the week. A feature
o f the week has been the starting of the expected trade war
between the American Sugar Refining Company and inde­
pendent refiners. Advices received from the Northwest re­
ported an Indian outbreak.
S lo c k s o f M e r c h a n d i s e .

749

Fm .
5 07

Pork has had a moderate sale at slightly lower prices,
closing at $8 62>£@8 87!£ for mess. Cutmeats closed steady.
Tallow has been unchanged at 3*-£c. Cotton seed oil has
been in moderate demand and steady, closing at 22c. for
prime yellow. Butter has been firm for desirable grades.
Cheese has held steady. Fresh eggs have been steady.
Brazil grades of coffee have had only a limited distributing
sale, and at the close prices were being shaded slightly. The
market for invoices has been quiet, and during the latter part
of the week the tone was easier owing to primal markets show­
ing more of a disposition to sell coffee, closing at 6}<(c. for
Rio No. 7. Mild grades have been in increased supply and
easier, closing at 8%c. for good Cucnta. Speculation in the
market for contracts has been quiet and prices have de­
clined under liquidating sales by longs and the continued
full movement of the crop. Following are final asking prices:
O c t ...................... 5 35c. |Ja n .......................5'75o. t M ay.................... 6 -0 0 0 .
Ho t ................ . 5-45c. M ar...................... 5 90c. Ja> e .................. 6 0 5 o.
D ee................... 5-65o. I A p ril.................. 5 -95o. 1J n l y ................... 6 1 0 o

Raw sugars have been dull, as refiners have been indifferent
buyers, and prices have weakened slightly, closing at 4 3-16c.
for centrifugal, 96-deg. test, and 3 ll-16c. for muscovado
89 deg. test. Refined sugar has been depressed as refiners
have been cutting prices. The close was steady at 5c. for
granulated. Rice has advanced on crop damage reports.
Other groceries have been steady.
Kentucky tobacco has been in fair demand and steady.
Sales 225 hhds. Seed leaf tobacco has been less active but
steady. Sales for the week were 2,400 cases, including 500
cases, 1897 crop, flat, 13@21'^c.; 200 cases, 1897 crop, Onon­
daga, ll@13c.; 100 cases, 1895-6 crops. New Eng., 30@40c., &c.
Straits tin has been in fairly active demand and prices
have advance 1 in reponse to stronger foreign advices, closing
at 18'60i<tl6'70c. Ingot copper has had only a limited sale, bat
prices have held fairly steady at 12'^@t2^e. for Lake. Lead
has been qniet and prices have weakened to 3'90@3 92l£c. for
domestic. Spelter has been firm but quiet at 4'85c. for do­
mestic. Pig iron has been in fair demand and steady at
$9 75ra$ll 50 for domestic.
Refined petroleum has been advanced, closing at 7T0c. in
obis., 4 60c. in bulk and 7 85c. in cases: naphtha steady at
6'75c. Crude certificates have been firmer, closing at $1 It ;
credit balances have been advanced to $1 10. Spirits turpen­
tine has been firmer, closing at 32J£@33c. Rosins have been
quiet but steady at $1'30 for common and good strained.
Wool has been dull.] Hops have been in fair demand and firm.

R eceipts at—

M on.

Sat.

T u ct.

Wed.

T hu rs.

F ri.

Total.

lalveaton....... 13,378 20,914 21,643 19,936 17,632 15,840 109,443
946
946
Tex. City, Ao. ...... ...... ...... ...... .......
few Orleans... 5,508 17,444 19.079 10,972 11,276 9,188 73,467
viobile........... 2,882 1,712 2,037 1,774 1,798 1,566 11,769
7,500 7,500
Savannah....... 9,230 10,084 12,995 7,010 7,539 9,450 56^308
.....
.....
..... 12,697 12,697
Brunsw’k.&o.
Iharleeton..... 3,320 4,205 2,019 4,343 6,535 7,172 27,644
.......
50
.....
50
Pt. Royal,Ao. ... .. ...... ......
Wilmington— 1,746 6,121 3,647 4,278 3,672 2,392 21,856
... ..
......
Wasb’ton, Ao.
.....
......
......
63
63
forfolk.......... 2,401 4,417 3,410 4,226 3,239 3,459 21,152
iTp’t News, Ac. ...... ...... ...... ...... ......
308
308
325
150
700
'lew York...... ....... ... ... ......
225
33
355
283
139
147
200 1,157
Boston...........
599
593
15
263
117
177
572
Phlladel’ a, Ac.. .......
Tot. this week 38,598 65 0c6 65,250 53,324 52,326 71,697 346,231
The following shows the week’s total receipts,the total sinoe
Sept. 1,1898, and the stock to-night, compared with last y ea r.
1898.
R eceipts to
Oct. 7.

This
w eek.

G alveston... 109,443
946
New Orleans 73.467
M obile........ 11,769
7,500
Savannah... 56,308
Br’ wlok.Ao. 12,697
Charleston.. 27,644
50
P.Royal.Ao.
Wilmington. 21,856
Wash’n, Ao.
63
N orfolk ....... 21,152
N’ p ort N.,Ao
308
New Y ork...
700
B oston........
1,157
Baltim ore. .
599
Phlladel.Ao.
572

1897.

S ince Sep.

1, 1898.

This
week.

S tock.

S in ce Sep.

368,140 92,962
] ,147
4,377
236,19b 51,374
34,358
7,858
7,500
3,607
171,507 5 1 4 1 9
24,884 11,658
70,787 21,651
50
216
65,590 18,636
203
87
49,610 27,928
1,036
697
700
6,625
1,483
1,018
919
1,402
1,362

1, 1897.
335,696
6,043
213,894
40,317
3,732
208,415
32,770
93,219
9,362
85,098
351
74,332
2,366
394
2,716
2,241
4,722

TotalB....... 346,231 1,044,015 293,004 1,115,668

1898.

1897.

191,211

130,045

143,374
30,720

87,347
14,927

83,975
11,246
49,076

110,955
15,657
35,829

42,882

21,889

22,737
52,175
8,000
3,568
3,468

21,937
542
57,903
10,000
3.466
2,134

641,432

512,831

In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.
k eeeip ti a t—

1898.

1897.

1896.

1895.

lalves’n, Ao.
fe w Orleans
d o b lle .........
Savannah.. .
jtias’ton, Ao.
Wllm’ ton, Ac
N orfolk........
If. News, Ao.
All oth e rs...

110,389
73,467
11,769
56,308
27,694
21,919
21,152
308
23,225

91,109
51,374
7,858
51,419
21,867
18,723
27,928
697
19,029

72,806
118,153
12,628
41,408
22,659
13,525
37,106
973
14,972

€0,616
90,401
10,903
49,587
21,313
12,469
13,141
8,535
7,517

82,596
104,547
11,195
48]056
18,113
13,900
17,229
6,613
16,6*37

Tot. this wk.

316,231

293,004

334,230

274,135

318,816

264,598

793,724 1047,480

830,210

Since Sept. 1 1044.015 1115,668 1338,050

1894.

1893.
51,739
70,548
8,759
62,777
29,724
11,386
17,813
8,638
3,214

The exports for the week ending this evening reach a tota 1
of 205,875 bales, o f which 128,081 were to Great Britain, 31.259
to Prance and 48,535 to the rest of the Continent. Below
are the exports for the week and sinoe Sept. 1, 1898.
BxporU
from—

Week Ending Oct. 7, 1898.
From Sept. 1,1898, to Oct . 7,1898.
Exported to—
Exported to—
Great
lota
l
Great
Conti­
France Conti­
Franc*
lotal.
BriVn.
nent. Week. Britain.
nent.

Jalveston..... 32,474 18,925 18,512 09,911 100,805 33,271
Tex. City, «fcc..
264
204
New Orleans.. 50,260 12,231 4,450 00,914 91,933 13,604
2,873
Pensacola..... 7,500
7,500
7,500
Savannah......
10,943 18,943
Brunswick__ 8,100
8.100
8,100
12,922
12,92-2 12,922
. .. .

Norfolk.........
N’port N., Ac..
New York..... 12,875

8,535
358

358

100 5,707 18,892

....
20,002

305

•11,900 182,030
635
05
23,911 129,418
49.789
3,769

7,500
49,789
11,889
12,922

18.804
1,928

27,339
1,928

23,399
80
3,083

49,820

7,104
2,018
10,187
301 2,319
....
Philadelphia..
3an Fran., Ao.
Total......... 128,081 31,250 40,535 205 875 282,190 47,240 107,208 498,728
Total, 18»7.... 107,65'-* 9,558 26 91 144 134 260 05m *8 5”4 20" 703 R‘>03f 3

750

THE

0HRON1CI

to ad d itio n to a b o v e ex p o rts, ou r telegram s to -n ig h t a lso
giv e us th e follow in g am ou n ts o f co tto n on shipboard, n o t
cleared_ at the ports n am ed .
W e add sim ilar d g lin s for
New Y o r k , w hlou ars prepared for our special use by M essrs.
Lambert dt Harrows, ProtluiNS E xch a n ge B u ild in g.
o s *i ttri»oA* D, n o r O b B a n s o r o u —

------------------------------------------------------------ ;
Great

S n n iin . F ra n ce
N w O n > u > -..
OalTM Ui*........

-.892
57,1*4

C L .r ls .to a .......
M obile .............
N orfolk.............
New Y ork ........
Ollier p o rta ..,,

3,000
12,000
3,500
4.300
20.000

Savaianali.......

1.000

OOaer
Fnreign

0,748 17,7.88
11,036 10,799

None, 10,009

None.
None.
None.
200
None.

23,600
if,000 ;
3 .0 0 0 ;
2,700
9,000

Total 1S9H... 109,936 17,999 80.0S7

O otitf
acute.

I await,

2,889
395
None.
950
None.
1,200
None.
None.

j

L tcunn,
alack

36.412
79,391

100,902
111,*17

27.750
15,000
7,700
7,20 )
29,000

20,326
15,720
15,017
14,975
40,194

11,000

5,434 213,456

Total 1897...' 95.179 120.489 77,497 16,635
Tota! 1S96...I 11»,620 26,385 74,585 14,437

72,975

427,976

218,779, 293,852
237,027 j 610,115

Spocalfttion In cotton for fatare delivery lias been quiet,
bnt there was a slight advance in prices early in the week.
There wsu a general disinclination shown to sell the market
short with prices on the present low basis. The appearance
,axly in the week of a cold wave in the Northwest had a
tendency to create more or lets talk as to the possibilities of
f r o ts in the cotton belt during the next ten days or fortnight,
which would seriously injure the maturing crop. Until this
period is past operators, who were otherwise bearish in their
views, were disposed to hold aloof; in fact there has been a
disposition shown by some shorts to reduce their lines and their
buying helped to give a steadier to the situation, particularly
astb<
nii arauvely few sellers. Europe was reported
its a free buyer of actual cotton early in the week, and this
demand served to relieve the pressure of the large movement
of the crop. Heavy rains were reported in the cotton belt
east of the Mississippi River, and they, too, had a favorable
vffe t upon values. Thursday, however, there developed a
weaker tone daring the closing hours o f ’Change, and much
of the improvement was lost. Recent buyers took advantage
o f tiie higher prices to realize profits, and there was a moderate
amount of selling against purchases at lower prices of cot­
ton at the South. Weather conditions were reported more
favorable, and this also bad a weakening influence upon
values. To-day the market was easier during early ’ Change,
under limited telling by the Continent. Subsequently, how­
ever, this selling had subsided, the market turned steadier
and most of the loss was recovered. The close shows prices
■j points lower for the day. Cotton on the spot advanced
1-ltlc. on Wednesday. T oday the market was quiet and
easy at 5 7-16c. for middling uplands.
Toe rates on and off middling, as established Sept. 15,189S,
by the Revision Committee, at which grades other than
middling may be delivered on oontraot, are as follows.
F a ir ...............................„.e.
Ion Good Ordinary.................e .liia o fl

MiIdling Fair..................
% on Good Middling Tinged .......
Btrlrt Go-,.I Middling......... 7iflOn Strlot Middling Stained___
Oool Middling........... ......... ;'i(On Middling Stained.................
S trict Low Middling........... %a oir Strict Low Mid. Stained...
Low Middling......................
off Low Middling Stained.......
BtrietGood Ordinary...___ %olT|

Even

7 ,, o«
7 ,-ofl
1 off
l% o «

On this basis the official prices for a few o f the grades for
the past week—Oet. 1 to Oct. 7—would be as follows.
UPLANDS.
Sat.
Good Ordinary......................
Low Middling........................
Middling............................... f ir .
Good Middling................. .....
Middling Fair........................ 6*3
GULP.
Sat.
Good Ordinary........... ..........

OTon Tsea Wed Til.
451S 4%
4%
5
5
g?s
5%
57,s S’ te
5*
5%
6*8
63,s 63IS
Uloa T uck Wed Th.

F rl.
4%
5
57,o
5%
63,„
Frl

[Y o u LXV11.

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T h e V i s i b l e S u p p l y o f C o t t o n t o -n ig h t , a s m a d e u p b y
c a b le a n d t e le g r a p h is as f o llo w s . C o n t in e n t a l s t o c k s , as w e ll
as th o s e f o r G r e a t B r ita in and. t h e a flo a t a r e t h is w e e k ’ s r e ­
turns a n d c o n s e q u e n t ly a il E u r o p e a n fig u r e s a r e b r o u g h t d o w n
to T h u r s d a y e v e n in g . B u t t o m a k e t h e t o t a l t h e c o m p l e t e
fig u res fo r t o -n ig h t (O c t . 7), w e a d d t b a it e m o f e x p o r t s f r o m
th e U n it e d S ta te s i n c lu d in g in i t t h e e x p o r t s o f F r i d a y o n l y ,
1896.
1895.
1897,
1898.
Snook at L iv e r p o o l. . . . .b a les.. 568,000 284,000 382.OO0 938,000
4.000
Snook at L ondon
3,000
6,000
9,000
T otal G reat Britain stock.". 572,000 287,000 388,000 947,000
5 nook at H am bu rg................. .
11,000
17,000
25,000
32,000
6 took at B rem en.....................
40,000
32,000
44,000
99,000
Stock at A m sterd am ........... . .
1,000
1,000
4,000
11,000
Stock at R otterd a m ................
200
200
200
Stook at A n tw erp .....................
9.000
2,000
9,000
10,000
Jtook at H avre..........................
47,000
83,000
91,000 281,000
Stook at M arseilles..................
1,000
4,000
5,000
4,000
Stook at B arcelon a..................
31,000
49,000
39,000
48,000
'took at G en oa.........................
14,000
9,000
12,000
27,000
20,000
Stook at T rieste........................
10,000
27,000
25,000
Total C ontinental stooks.. 219.000 165.200 215.200 528,200
Total European stooks___ 7 9 1 ,to0 ' 462.200 ' 653.200 1,475.200
Indlaoottbn afloat fo r Europe
--------30,000
29.000
10,000
48.000
Atner.ootton afloat fo r Europe 372.000 420,000 428,000 191,000
Egypt, Brazil,Ac.,aft t, for E 'pe
33,000
13.000
18,000
21.000
Stock In United States ports . 641,432 512,631 847,142 704,257
Stook In U. S. Interior towns.. 314,209 239,761 373,969 203,752
36.638
United States ex p orts to-day.
37,073
24,36 5
11.891
Total visible s u o p li.......... '2,197,279 1,689,685 2,383.202 2.661,574
O f the a b ove, totaiB o f A m erican and otlier descrip tion s are as fo llo w s :

4=8 4%
4%
53le 64,
54»
5b,
Middling....... *.......................
5^
5Uj8 “ u ie Sttis
l4
9
Good Middling....................... 515,, ®i»1S
6
8
6
Middling Fair....................... 63s
6%
Oho
67,s 671S
STAINED.
Sat. iUon T uts Wed T il. Frl
A m e r ic a n —
Low Middling... ..................
4
JHs ft a f i s
Liverpool stook. ... . . b a l e s .
Middling...............................
4.*lfl
Oontlnental
s t o o k s .................
Strict Middling...................... b
55,,
afloat for E u rop e..
Good Middling Ttngod.....__ S3* 5*
KP *71# SB 8 S American
United States stock .................
The quotations for middling upland at New York on United States Interior stooks.
United States exports to -d a y .
Oct. 7 for each of the past 32 years have been as follows.
1 3 9 8 ..
..0 . 57,s
1 8 9 0 ..
. .e.10% 1 8 8 2 . ...0 .1 1 %
1 8 8 9 .. ....1 0 %
1397
B%
1881........ 11%
1 8 9 9 .. . . . . 8
1880.........I l l *
1888.........I0*i«
1887......... 9 7 „
1979.........107,,
1386......... O7, ,
1 8 9 4 ...... 6 ‘4
1878.........103$
181*8........ 8%
1 8 H S ......101,8
1877.........l l 6ta
1 8 9 2 ..
. . . . 81 1
,,934.........101,,
1876.........107,
1 8 9 1 ..
. . . . 8*413 33......1 0 » ,8
1875.........13%

18 74. ...0 .1 5 %
1873........ 18%
18 72........ 19%
1871.........20
1870.........16*8
18 69....... . 27%
1868.........26
18 67.........19

MARKET AND SALES.

C losed ,
Saturday.,
M onday.. - .
T u esd a y ...
WodtiMday
Thursday..
Friday t.w«a
Total

Dull at im doc.Htoady
Btesdjr ..............
Quiet at
adr.
Qu1*t . . . . . . . . .
D oll and © »«y..

F utures
M ajlKXT
CLOSED,
S te a d y .........
Q alet& at’dy
Quiet---------Finn ...a . . . .
Eaay.. . . . . . . .
Quiet <k at'dy

Bax&a o f S p o t <k Oo ntraot .
p ort.

OonC on ­
tu m p . tract.

Total.

....

20
511
628
248
210
25

6,400
300
400
200

20
0,911
928
648
410
25

....

1,642

7,300

8.942

495,000 202,000 276.000 832.000
162.000 116,000 168.000 450.000
372,000 420,000 428,000 191.000
641,432 512,631 847,142 704,257
314,209 239,761
373,969 203,752
36.638
37,073
11,891
24 ,365
T otal A raerloan................. 2,021,279 1,527,465 2,105,002 2,405,374

B a it I n d ia n , B r a s il, d o .—

Liverpool stook ........................
73,000
82,000 106,000 106,000
London stook....... .....................
4,000
3,000
9,000
6,000
Oontlnental stooks..................
57,000
78,200
49,200
97,200
India afloat fo r E u rop e..........
29,000
30.000
48.000
10,000
E gypt, Brazil, Ao., afloat.......
13,000
2 1 .000
18,000
33.000
Total East India, <ko....... . 176,000 162,200 278,200 258,200
Total A m e r ic a n ................ 2,021,2791,527,465 2,105,002 2,405,374
Total visible s u p p ly .........2,197,279 1,689,665 '2,383,202 2,661,574
Middling Upland, Livorimol..
3 led, 327avd.
4 kid.
Middling Upland, New York.
57,n0
6bj0.
7151()0.
9% o.
B gyptG ooa Brown, Liverpool
613,8d.
4»u d.
47sd,
6d.
Perav.Rough Good, Liverpool
6l»isd.
6M d.
6 liad.
6%d
Broach Fine, Liverpool..........
35,6d.
37sd.
411, d.
4% d
Clnnevefly Good, Liverpool..
3 lt16d.
4% d"
4 u 32d.
36lod.

C3P The imports into Continental ports the past week have
been 46,000 bales.
The above figures indicate an increase in the ootton in sight
to-night of 507.014 bales as compared with the same date
of 1807, a loss of 195,924 bales from the corresponding date
of 1898 and a decrease of 461,285 bales from 1895.

THE

October 8, 1898.J

AT t h e I n t e r i o r T o w n s tne movement—that is the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
Corresponding period o f 1897—is set out in detail below

H HtnO a s

. 3 M

7i

5

. e l ............m

‘Is !
HH!
•i i t . a ^!
................. >•!

I

tc

CO

1

................
..................... ' i ‘
..................... . ►. .
. B " ............ 2
i S ; : : ; ; 2 ►*4 • • • • • • • • ?" • .
: ► ! !
- 1H.........................................

r-»
O »C 0 P * * »

'to'lg'cooj

O

............... f . s .

151

I

<-*

■
—
1

t o _ • fcj *-• *-» CD *-* >-* I - 1M to to *©

•“*
tf* t o j c t c CSH-* “

83

bolo to to W O to"*-* tooocs® IC*cscooD'v>Gcbo©^

O'l ^2 to X ^ rX>

W O

’ 'O

ff. « 'T O X O V « O C I ‘3 w O

«C3C;Ot3HV'J®i«*WUWWOtOCDCl'lOWy‘ lXWOl^H,0 0:H
J

toco

x»-cox —

■*

oi co 05 a.

oto^-

a-i“ s

‘ «

?s

si

- i c j ^ co c ij^ o —

j

!t*
Ki

to

x; y

M

; © to w ^ w ^ ^

to M

M

*-*

t o ^ y o p j o o

V b a o t o o ; t o y ; H © ‘- V < k t 3 M a w cj Vj o lob i"—t o * - o t o
y o r - o ® : m w ; to y iw ix o - ji^ x t o - J M - a * j ® A o w O 'i
o *j c o o • com - i;io;K /H ^ o^ n ocv ioio^ ^ H N i*q y #■

ft
po»

' oast year’ s figures are for Colum bia, 8. C.

The above totals s lo w that the interior stocks have
increased during the week 73,238 bales, and are to-night 74,148
Dales more than at the same period last year. Tne receipts at
all the towas have bean 54,3J9 bales mere than the same
week last year and since Sapt. 1 they are 33,493 bales more
than for the same time in 1897.
O v e r l a n d M o v e m e n t b o b t h e W e e k a n d S i n c e S e p t . 1 .—

We <ive below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports received Friday night. The results for the week
ending Oct. 7 and since Sept. 1 in the last two years are
as follows.
1897.

1898.
October 7.
Week.
Shipped—
71a St. L o u is.................................
Via C a iro ........................................
71a Rock [aland......... ............. .
71a L ou isv ille......................w........

Via o th er ronteB, * o ....................
T ota l gross o v e rla n d ................
Deduct sMpment$—
Overland to N. Y., b o s to n , & o..
Between Interior to w n s ....* .....
Inland. An., from S oath ..............

13,342
8,371

Since
Sept. 1.

Week.

Since
Sept. 1

i,317
1,295
1,119
1,993

32,562 21,348
19,228 11,120
' 528
100
2,941
3,711 2,683
5,832 1,884
7,330 1,692

42,968
27,436
1,309
800
4,204
3,680
4,561

27,437

71,604 39,155

84,959

9,775
344
4,183

3,764
331
1,579

10,073
574
5 335

14,302

5,694

16,002

57,302 33,461

68,956

3,028
203
1,024

Total to be d ed u cted ................

4,255

Leaving total net overla n d *..

23,132

* Including m ovem ent by rail to Canada.

The foregoing shows that the week’s net overland movement
this year has been 23,182 bales, against 33,461 bales for the
week In 1897, and that for the season to date the aggregate net
overland exhibits a decreasi from a year ago of 11,654 bales.
In Highl and Spinner *'
Takings.

1898.
Week.

Since
Sept. 1.

1897
Week.

Sine

Sept

R eceipts at ports to Oct. 7........... 346,231 1,041.015 293,004 1,115,868
Met overland to Oct. 7................. 23,182
68.9 36
57,302 39,461
•onthern consum ption to fjet. 7." 26,000 140,000 21,000 120,10U
T ota l m ark eted ......................... 395,413 1,241,317 347,465 1,304,624
(n terlorstook s In e x o e ss............... 73,228 210,090 37,255 194,685
Game Into s lgh td arln g w eek. 468,641
394,720
T otal In sigh t Oct. 7...............
1,49 5’,30 9
1.451,407
N orth 'n spin n erstak’ g* to Oot. 7.. 44,010

134.261 62,103

F ri.

5
5
4*3,8
4*3,8
4*3,8
47g
5*6
57,8
5*4
511x6
5*8
5
5
4*5,8
5*4
5*18

5
5
47g
4*3,8
47g
47g
5*8
57,8
53s
5**16
5*,6®*s
5
5
5
5*4
5*16

W eather R eports

©VjToT-V ® —® © V © A O W X H A V ^ x - ^ c a k w

to

Thurt.

5
41516
4*3la
4%
43,
478
5ig
53s
5*4
5**18
5*8
5
5
415]6

i\

47g
5^s
53s
5*4
5=8
5116
5
5
47g
5*4
5*16

1 L ittle R oc& ....
1 M ontgom ery...

_■**- w mm #, toyto^ao wto^Hioip[ ® V # b *■oa<towcocox.yx^i’r-tocsc*V <j—aVa w® acV«* cogo
ffla x x A w x ts o a A iH ^ o t-'O x o w o o x ttu O M O x w -i
© ^ 'j» w ® o t o io w » 'io © o x w w o ir -w a © t -0 'j‘j® 'i^ ®
-O

Wednes.

4*5,8
478
■413le
4%

47g
4*a

x ^ - o t o w t o c i - o i o - w o H ^ x w c c o t o 'O - ^ 'O W 'O W C A A C 5 ']O ^ -t t O X O M H ^ -s lM W © M W ® -O O ^ ® W H F -i0 O N l©
X

Tuei.

478
4*8
413,8
4%
4%
478
5*6
5%
5*4
5=8
5*16
4*5,e
5
47g
5*4
5*4

*

c*

a

Mon.

1 Columbus, Miss

CCr-X^OT-J^JOtO'-O
C5Cl',tOXO»-'i^05 '
a a ,o cccsoo»*'iCr«^®®X'-MyxcDowH»Oit*-oviifct£)|
a ^ t o ® ^ o io o w « ''-^ t o o o c y i» H a ‘ 3*‘ MHwaio®io^c;
©WO

47q
4?8
4*3,8
43,
413,8
47„
5*8
57] s
5^
R°8
51,8
4*5,6
5
47g
5 >4
5*4

5*6

-

co<j _»u

Galveston..
New Orleans
Mobile.......
Savannah . .
Charleston..
Wilmington.
Norfolk......
Boston.......
Baltimore...
Philadelphia
Angusta......
Memphis ...
St. Louis__
Houston__
Cincinnati..
Louisville...

Athens..............

y»c-• 0 y yv tov icov ►-a< o']x-1 o' x ® v . x
to t o ! a t X C1 W v lO i - I A x V j - x t o o U 10 c X W r X O
VOCWOIS* Offi. OOaMrJ'HCCii*XWXWM>d*.NOXN-dJ
to

Satur.

C harlotte.........
Oolmnbus, G a.

K JO O O O O !

co w

CL08ING V!DOTATIONS FOB MIDDLING COTTON ON—

Week ending
Oct. 7.

ir»

l » * * J ® W l 0 3 i ^ ' J ' X i r t 0 X O X H M C t 0 1 0 C ' i ^ l ' l X O O W C 0 ‘O ' J 3 i >

cchwoi^® '

Q u o t a t i o n s f o r M i d d l i n g C o t t o n a t O t h e r M a r k e t s ,—

Below are closing quotations of middling cotton at Souths) n
»nd other principal cotton markets for each day of the week.

oH

5*18

The closing quotations to-day (Friday) at other important
8outhem markets were as follows.

—x —^ —

- tou*-1 3 I
C* I * ) * : *
t o - - * CO
............................
B .— .t o. y ___
_____
t O * *-!fk C O C iX O C C » # » C C O l C
' 1 W O T . K“ O X X 31J5 10
X CT ‘O X -*
y - » ‘ O x x a o x 'j'^ > -o x 'a ^ .* x ^jatxco^ —^^-O'-tc—
•.

751

CHRONICLE.

219.368

by

4%
45g
A
4*1,«

N a sh v ille . . . . . .
R a le ic b . . . . . . . .
S hreveport____

47g
41316
5
49,8

T e leg ra ph .— Reports to us by

telegraph from the South this evening indicate that rain has
been quite general the past week, and that at some points the
precipitation has been rather heavy. Picking is making good
progress, on the whole, but has been interfered with at some
points by the wet weather. The storm in Georgia the early
part of the week is stated to have done much damage to
cotton. The movement of cotton to market has been very
free, bnt has been checked in some sections by the quaran­
tines against yellow fever.
Oalveston, Texas.—It has been dry all the week. Average
thermometer 83, highest 87, lowest 74. Rainfall for the
month of September six inches and seventy-eight hundredths.
Palestine, Texas.— We have had showers on three days of
the past week, the precipitation being twenty-eight hun­
dredths of an inch. The thermometer has averaged 83, the
highest being 93 and the lowest 68 Daring the month of
September the rainfall reached one inch and ninety-two hun­
dredths.
Huntsville, T exas—There has been heavy rain on one day
of the week, the rainfall reaching four inches. The ther­
mometer has averaged 82, ranging from 70 to 94. Rainfall
for September seventy-seven hundredths of an inch.
Dallas, Texas.— It has rained on one day of the week, the
precipitation reaching eighty-five hundredths o f an inch.
The thermometer has ranged from 64 to 97, averaging 81.
Daring the month of September the rainfall was ninety
hundredths of an inch.
S in Antonio, Texas.—There has been no rain during the
week. Minimum temperature 66. During the month of
September the rainfall reached one inch and thirty-two
hundredths.
Luting, Texas.—W e have had rain on one day the past
week, to the extent of fourteen hundredths of an inen. The
thermometer has averaged 81, the highest baing 95 and tbe
lowest 68. Rainfall for the month o f September two inches
and fifteen hundredths.
Columbia, Texas.— There has baen no rain the past week.
The thermometer has averaged 80, ranging from 67 to 92.
Rainfall for the month of September two inches and sixtyeight hundredths.
Cuero, Thujas.—It has rained on two days of the week, to
the extent of seventy hundredths of an inch. The thermom­
eter has ranged from 64 to 93. averaging 79. September rain­
fall two inches and seventy-eight hundredths.
Brenham, Texas.—We have had no rain during.the week.
Average thermometer 83, highest 95 and lowest 70. Daring
the month of September the rainfall reached one inch and
sixty-four hundredths.
Corpus Christi, Texas.—W e have had rain on one day during
the week, the rainfall being ten hundredths of an inch. The
thermometer has averaged 83, the highest being 94 and the
lowest 72. Daring the month of September the rainfall
reached two inches and thirty-five hundredths.
Weatherford, Texas.—We have had rain on two days during
the week, to the extent of thirtt-five hundredths of an ineb.
The thermometer has ranged from 65 to 95, averaging 80.
Rainfall for the month of September one inch and thirtyseven hundredths.
New Orleans, Louisiana.—Rain has fallen on four days of
the week to the extent of one inch and eighteen hundredths.
Average thermometer 80. September rainfall thirteen inches
and ninety hundredths.
Shreveport, Louisiana.—Rain has fallen on three days of
the week to the extent of thirty hundredths of an inch. The
thermometer has averaged 81, the highest being 93 and the
lowest 69. September rainfall five inches and forty-two
hundredths.
Columbus. Mississippi.—There has been rain on two days
of the week, to the extent of ten hundredths of an inch.
The thermometer has averaged 84, ranging from 60 to 100,
September rainfall five inches and forty-eight hundredths.

THE

752

CHRONICLE.

I eland, Mississippi. —It has rained on three days during
the * rck , the rainfall being one inch and eighty-two him
drtdths. The thermometer has ranged from 65 to 93, averag­
ing 74 3. September rainfall five inches and seventy six
hundredths.
Vick Jturg, Mi.<s rsippi.—Conditions are practically mi
changed, hut wet weather has retarded picking somewhat.
The week's ratnfall b is beau eighty-s ven hundredths of an
inch, on three three days. Average thermometer SO, highest
y . and lowest 70.
Little Rock, Arkaii«u —We have had rain on five days of
the week, the rai(|fall being t wo inches and twelve hundredths.
Tb« thermometer has averaged 76, the highest being 90 and
the lowest 67. September rainfall ten in dies and twenty-five
hundredths,
Helena, Arironso*.— Wet weather interferes with picking
and damages lint. The weather has been much warmer
than last year. There has been rain on four days the past
week, toe rainfall being two inches and sixty-seven linn
dredths. The thermometer hasaveraged 73.ranging from6Gto
85. September lain fall four inches and fifty-nine hundredths.
Memphis, Tennessee.- Local quarantines continue to de­
lay receipts. Picking has been interfered with to some ex
tent by wet weather. 7 here has been rain on three days of
the week, the rainfall reaching two inches and seventy two
hundredths, and rain is now falling. The thermometer has
ranged from 04-3 to 90, averaging 76 6. Daring the month
of September the rainfall reached five inches and fifty-seven
hundredths.
SashviUe, Tennessee.—There has been rain the past week
to the extent of niDety-five hundredths o f an inch. Average
thermometer 75, highest 86, lowest 63.
Mobile. Alabama.—Picking is active. W ehave had rain on
two days daring the week, to the extent of four inches and
forty-four hundredths. The thermometer hasaveraged 78, the
highest being 87 and the lowest 72. During the month of
September the rainfall reached sixteen inches and forty
hundredths,
Montgomery. Alabama.—The weather has been unseason­
ably warm. Picking progresses without interruption and
quality is improving. We have had showers on five days
miring the week, the precipitation being one inch and eight
hundredths. The thermometer has averaged 80, ranging
from 70 to 93. September rainfall one inch and thirteen
hundredths.
Selma, Alalmma.—W e have had rain on five days daring
the week, to the extent of eighty five hundredths of an inch.
Th* tbtrmometer has ranged from 67 to 93. averaging 81.
Madison, Florida.—We have had rain on three days during
the week, the rainfall being two inches and forty hundredth-!.
Average thermometer 81, highest 90 and lowest 71.
Savannah, Georgia. There has been rain on six days dar­
ing the week, the precigita ion reaching three inches and
twenty nine hundredths.
The thermometer has averaged
79, ranging from 70 to 89. Septembsr rainfall five inches
and six Hundredths.
Augusta, Georgia.—Rain has fallen on three days of the
week, to the extent of one inch and sixty-two hundredths.
Heavy storms have greatly damaged the crop. Much cot­
ton was beaten out and at onrrent prices is not worth the
( jjK-Dseof saving. The thermometer has ranged from 66 to
89, averaging 78.
Charleston, South Carolina.— We have had rain on five
d lye of the week, the precipitation reaching two inches and
fifty :-ix hundredths. Average thermometer 78, highest 8t,
low- -1 7 , Rainfall for the month of September one inch and
forty-nine hundredths.
Statebury, South Carolina.—Picking has been retarded
W e have bad rain on six days the past week—heavy on M >ncUy—tbe precipitation being two inches and fifty-three linndredthf*. Tin- thermometer has averaged 77, the highest
being 81 and the lowest 64. During the month of Septem­
ber tberainfall reached two inches and fifty-eight hundredths.
Geeen rood, South Carolina,—The week's rainfall has been
two inches and sixty live hundredths, on three days. The
thermometer ha averaged 75, ranging from 08 to 81. Rain
trSiptcmber four inches an 1 forty-four hundredths.
Wilson, Forth Carol na.—It has rained on three days of
the week the precipitation reaching sixty hundredths of an
inch. The thermometer has ranged from 04 to 80, aver­
aging 78.
Che following statement we have also reoeivsd by telegraph,
allowing the height of the rivers at the points named at
8 o’clock October 6. 1896, and O ctober 7. 1897.

U « w O rU m n # ,.- . . . . . . . . AbOTe * * r o o f g a n g .
...........
S ^itbT llie___ ___
!Thn> ^report........

......

*

Oct. 6, ’ 98»

Oct. 7, ’ 97.

Teel.

ru t,

4*7
6*8
2*6
1-1
10-6

3*2
11
0*2
•0-2
10

»«irn o f grn u gt

Livibpool Stock —A re-count of the stock of cotton at
Liverpool wa* made on Saturday last, October 1, and it dig
closed a deficiency compared with the estimated figures of

[V o l . LXV11

I n d i a Cotton Movement from al l P orts .—The receipts
ef cotton at Bombay and tin* shipments from all India ports
for the week ending Oct, 6, and for the season from Sept, 1
to Oct. 6 for three years have been as follows:
1 898.

Seceipts at—
Week.
S orn b a y.,

..

a OOO

Week.

E xports
fr o m —

G reat
B rita in .

B om b a y—
1 8 9 8 ___
1897
1 8 9 6 .. ..
C alcutta—
1 8 9 8 ..
1 8 9 7 ..
1 4 9 6 . . ..
M adras—
1 8 9 8 ..
1 8 9 7 ..
1 8 9 6 . . ..
All o th e rs—
1898
1897
1896
Cotal a l l 1 8 9 8 .......
1 8 9 7 .......
1 8 9 6 .......
A

Total.

G reat
B r ita in .

4 ,0 1 0
3 ,000
6 ,0 0 0

l.o d o

..
..

1 ,0 0 3

1 ,0 0 0
1 ,0 0 0
1 ,0 0 0

1 ,0 0 0
1 ,0 0 0
2 ,0 0 0

i.d oQ

2 ,0 0 0

i,o o o

3 ,0 0 0

1 ,0 0 0
6^000

i ,6bo

2 ,0 0 0
1 ,0 0 0
3 ,0 0 0

2 ,0 0 0
2 ,0 0 0
3 ,0 0 0

1,010
3 ,0 0 0

7 ,0 0 0
3,000
1 1,0 00

7 ,0 0 0
4 ,0 0 0
1 4,000

R

e c e ip t s

4 0 ,0 0 0

C on ti­
n en t.

1 7 ,0 0 0
3 ,0 0 0
3 7 ’, boi>

4 ,0 0 0
4 ,0 0 0
4 ,0 0 0

5 ,0 0 0
4 ,0 0 0
5 ,0 0 0

2 ,0 0 0
1 ,0 0 0
aooo

2 OOO
2 ,0 0 0
1 1 ,0 0 0

3 ,0 0 0
4 ,0 0 0
3 ,0 0 0

7 ,0 0 0
7 ,0 0 0
9 ,0 0 0

1 0 ,0 0 0
1 1 ,0 0 0
1 2 ,0 0 0

4 ,0 0 0
5 ,0 0 0
1 1 ,0 0 0

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

3 4 ,0 0 0
2 0 ,0 0 0
6 5 ,0 0 0

1 ,0 1 0

S h ip m e n t s

and

T otal.

1 7 ,0 0 0
3 ,0 0 0
3t*;000

..
..

l e x a n d r ia

3 ,0 0 0

S in ce S ep tem ber 1.

4 ,0 0 0
------------------ 1,000
6 ,0 0 0

___

Si net
ScpL 1.

Week.

7 ,0 0 0

1 ,0 0 0

14,0 00

C o n ti­
nen t.

1896.

S ep t 1.

Ear the Week

C

of

o t t o n .—

Through arrangemintg we made with Messrs. Davis, Banachi
St C o ., of Liverpool and Alexandria, we now receive a weekly
eable o f the movements of ootton at Alexandria, Egypt. The
following are the reaeipts apd shipments for the past week
and for the corresponding week of the previous two years.
A lex a n d ria , Egi/pl,
O ctober 5.

1 89 8 .

R eceipts (oa n tara*)....
RMS w eek , ___________
Iln oeS op t. 1 . . ..........

1897.

1 1 5 .0 0 0
2 1 4 .0 0 0

export! (b a le s )—
T o L iv e r p o o l______

1896.

1 4 5 .0 0 0
3 0 1 .0 0 0

S ince
T h it
w eek. Sept. 1.

185 0 0 0
3 9 6 ,0 0 0

This

This

S in ce
week. Sept. 1.

w eek . Sept. 1.

Since

6 ,0 0 0
2 ,0 0 0

1 2 ,0 0 0
2 1 ,0 0 0

2 ,0 0 0
8 ,0 0 0

9 ,0 0 0
2 2 ,0 0 0

4 .0 0 0
5 .0 0 0

1 7 .0 0 0
1 2 .0 0 0

T otal E u ro p a _____ 8 ,0 0 0
* A o a n ta rts 9 8 p o u n d s .

3 3 ,0 0 0

1 0 ,0 0 0

3 1 ,0 0 0

9 ,0 0 0

2 9 ,0 0 0

f Ot w h ich t o A m in o a in 1 89 3 , 2 ,0 3 4 b a le s ; lu 1 3 9 7 , 1 ,7 9 3 b ales;
n 1896, 841 b ales.
M a n c h e s t e r M a r k e t . —Our report received by cable
17-night from Manchester states that the market i3 firm far
both yarns and shirtings. The deaaiad f o ■bath yarn and
cloth is good. We give the prices for to-day below and lea - e
those for previous weeks of this and last year fo ' comparison
1898.

1 89 7 .

8H lb s . S hirt­ OotPn

32* Cop. in g s, com m on M id.
Twist.

a.

8ep. 2 Ski
•• 9 5>,
" 16;57je
" 23 5ki
" 3015k!
O eL 7 5»,r

to fin e s t.

a. s. a.

3 0 5ict
» 0 lj
36M
©814
seq
® 6b«

1
4
4
4
4
4

JJplds

a. a.

0 96
0 »6
0 -06
0 »6
0 ®e
0

6h
6bj
0
6
6
0

a.
3>Ha
3 J,as
3V
3V
3b,
3%

8% lb s. S k irt­
32* Oop. in g s, com m on OMoirn
id
Twist.

U p ldt >

to fin e s t.

d. d. 8. a. 8. (1
6% »7R 4 1 V V 6 71a
®7H 4 lk>®6 7k)
6*4
eq8
6%
6^9

® 7h e
® 7i«
©7*8
®7S]fl

4 lk t» 6
4 1 ®6
4 1 96
4 m »6

d.
4*8

7k)
7>a tk *
7 k 3 7 ,J
8
3^ s»

J ote B utts, B aqoinq, & c\—During the week under re
view the market for j ute baggiDg has continued fairly aetiveS
nnd the close tonight is at Okc. for 1% lbs and 6Mc. foi
lbs., of standard grade. C*r load lots' of standard brand.,
are quoted at OJj'o. for \% lbs. and 6}£c. for 2 lbs., f. o. b., a
New York. Jute butts have been in good demand for p ir
cels to arrive at '990. for paper quality and l% e. for m ixing.
Frorn Messrs. Ira A. Kip & Co.'s circular « e learn that the
deliveries of jate butts and rejections at New York and Bos­
ton during September were 10,652. against 9,392 for the same
month last year, and for the nine months the deliveries
reached 355,759 bales against 298,783 bales in 1897. The agn eg a te stock in the humid of impor'ere and speculators at
Sew York and Boston on September 3, was nil, against
1,000 bales at the corresponding date o i 1897, and the amount
afloat for the United States reaches 20,100 bales against
65,111 bales lpst year.

Sea I s l a n d C o t t o n M o v e m e n t ,— We have received this
(Friday) evening by telegraph from the various poru the
details of the Sea Island ootton movement for the week The
reoeipts for the week ending to-night (Oct. 6) an! since
Sept, 1, 1893, the stocks to-night, and the same ltenn- foi the
•orreeponding periods of 1897, are as follows.
aeceipis to Oct, 7.

3$ 000 baka.

New Esoi-X'.j) Cotton Mtu. SiToation,—The Faruums
will* Cotton Hills, liyitmry, Mast., shut down OR. &for an
^definite period.

1 89 7 .

Since
Sept. 1.

CJharleBton, <&o..............
T o ta l----- —

--------------

1898.

1897.

T h it
S in ce
w eek . Sept. 1.

T h it
S in ce
w eek. S ep t. 1.

1,6 *0
117

-I x Z li

8 ,1 1 2
L«1
8 ,3 0 3

1,632

Stock
1898.

1897.
8 ,6 8 $
1 ,481

1

8 ,3 2 3
564
126

7 ,8 1 6
1 ,2 9 ,
151

1 ,9 1 5

4 .0 1 3

9,263 1 0 .5 2 ?

282

365-

THE

OCTOBER 8, 1898.1

CHRONICLE.

753:

The exporta tor the week ending thia evening reach a total
of 51 bale*, of which 5i bales ware to Great Britain, —
of the week......... bales.
to France and — to Reral, and the am mat forwarded to Sales
Of whioh exporters took...
Northern mills has bee a 42 bales.

Below are the exports

for the weak and line j 8 apt imber 1 in 1898 and 1896-97.
Wee< B n d in g Oct.
E xp o rts
fr o m —

Savannah...
OharTt’n,&c
Florida, <feo.
slew York..
Boston____
Balt., * o —
Total.......

7.

i i n c t Sept. 1,

G reat
G reat F r ’ nee
Total. B r it'n
A c.
B rit’n.

29
2>
.........

1898

N orth’n M u s.
Sinot
Week. Sept. 1.

F r’nce
Total.
Ac.

29

29

25

25
17

864
51

334
10)

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

....n

..........

..........

319
10 3

54

45 4

15

469

42

915

100

100

93

200

293

117

537

54

Total 1897..

15

29

..........

Quotation* Oat 6 at Savannah, for Floriias, common,
8)£o.; m iliu m fine, 9V£c.; choice, 18c.
UiarM-icon, Carolina!, m siium fine, 15 316;.; fine, 17)^ to
18c.; fully fine, 19 to 20c.
' S h i p p i n g N e w s . —As shown on a previous page, the
exports of ocrtton from the United States the past week have
reached 203,875 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows;
Total bales.

New Y ork—To Lireroool, per steamers Cymric, 7.376 uplaud
and 25 Sea Island....Nomadic, 2,75l....8cythia, 1,493 ..
To Hull, pir steamer Buffalo, 0 0 ...... ...............................
To Manchester, per steamer Si rim, 62 5 ...... .......................
To Havre, p steamer La Gascogne, 1 0 0 ...... ....................
To Bremen, per steamers H H. Meier, 2,215 — Latin, 500.
To Hamburg, per steamer Pretoria, 209. ...........................
To Antwerp. per steamers Friesland, 100. ...St. Cntlioeri,
(550 ......... .......................... .................................... ........
To Genoa, per steamers Hesperia, 100__ Kaiser Wilhelm
II.. *'34....Spartan Prince, 208......... ................. ..............
To Naples, er steamer Kaiser Wilhelm II., 409..................
To Venice, per stea ner Pocasset, 500 .
........... . .........
New Orleans—To Liverpool—Oct. 1—Steamer Jamaican, 7.S18
..Oot. 4 -Steamer Traveller, 7,263....Oot. 5 -Steamers
Barrister, 11,374; European, 23,309.................. ..............
To Havre-Oct. 4—Stea ner Bentata, 5,252.... .Oct. 5—
Steamer Carolina, 6,9 *2......... ......................................... .
To Genoa-Oct. 6—Steamer Istria, 1,2 >0..............................
To Trieste—Oct. 6 -8tearaer Istria, 1,809............................
To Venice—Oct. 6—Steamer Istria, 1,409............ ............... „
G alveston—To Liverpool-8ept. 3 0 -8t«amer Aoaces, 7,820
....Oot. 3 —Stea ner Mylomene, 7,293 ...Oot 5 Steamer
Montpelier, 10,6 i5...,Oct. 6—Steamer Astronomer, 6,691
To Havre-Sept. 29 -Steamer Injemore, 10,363 ...Oot. 1—
Steamer Bondi, 8,557.............. ..... ............... ........ ..... .
To Breoinn-Sept. 30 -Steamer Uayo Largo. 8,570 ...Oot.
5 —Steamer Freshfleld, 6,430 .............................................
To R »tter.lam-Sept. 30 -Steamer Rydill H til, t,337__
Oot. 1—Steam *r Lame 1 0 0 ............................ ......... . .. .
To Antwerp—Oct. 3 —Steamer Middleh tin Castle, 2,025 ...
Oorpds Ohristi, Ac.—To Mexloo, per railroad, 261..................
P ensacola.—To Liverpool—Oct. 7—Steamer Lugano, 7,500 ..
Savannah—To Bremen-Sept. 3 0 -Steamer Bawdry (addi­
tional), 135......... .................................................................
To Reval-Oct. 4—Steamer 8onga, 3,133......... ................... .
To St. Petersburg-Oot. 4 -Steamer Songa, 3,323.
...
To Barcelona Sept 30-Steamer Napanma, 4,090 ............
To Genoa—Oct. 6 -Steamer Delmar, 6,150...... ....................
B runswick—To Live-pool—Oct. 1—Steamer St. Ireue, *<.103 .
Charleston—To Liverpool—Oot. 6—8teamer Idar, 12,89 i up­
land and 29 Sea Island...... ............... ............................
Norfolk—T j Hamburg—Oot. 3—Steamer Stratutillau, 353....
Boston-T o Liverpool—Oot. 3 -Steamer Sagarn »re, 1,617 ...
Oct. 6 —Steamer Cephalonia 315........
B altimore—To Liverpool—Oot. 5 -Steamer Templemcre,2,0L8
To Bremen—Jot. 1 —Steamer R >land, 301....... — ............ .
Total......... .. .........

12,150
100
625
100
2,715
200
750
1,142
400
500

B riC n.

p orts,

Ac.

Japan.

Total ...128.081 81,259 13 709 10,920 13,612

S atur.

Mon.

....

Tues.

135
3.3 33
3,325
4,009
6,150
8.100
12,922
338
1,932
2,013
3)1

Total.

13.682
66,94 4
6 1,911
264
7,5(0
16.943
8,100
12,922
3 ->8
1.932
2,319

234 ...... 205.875

Thun.

"(I.

...

37 % l
37% t
3 7t
371
35 •
351
32 %<
32%
501
501
48 a 501 4 3 *5 0 1
30i
301
45?
451
4S»
4 5t
*.«
8i*

Wed nee.

37 %
37 <
351
3 2% t
501
48*30
301
45t
45t

‘ sa
Se

87 %
87t
35
32% l
501
30
45t
45t
‘ sa
9i i

23.

Sept.

30

Oct.

7.

65,000
81,000
2,300
1,900
290
1,500
59.000
76,000
5,000
2,000
53,000
67,000
635,000 *568,000
563,000 *49 j,000
31,000
2 i,000
27,000
23,000
100,000 188,000
96,000 185,000

Sat’ d a y.

8pot.

M on d a y. T u esda y. W ed’ d a y. TK ursd’ y

Market, )
1:45 P. M.j

Easier.

Firm.

did. Upl’ds.

3l;g
8.000
500

15,000
590

*peo.<feexp.

3%s

3*32
15,000
1,000

3118

12,000
1,090

F u tu res.

st’dy 3ceady at Steady at Steady ai
Market, ( Br’ly
partialiy
partially 1-64 ad­
1 45 P. M. ( 1 61 adv. partially
i -64 dec. 1-64 dec. vance.
Market, / Quiet but 8teady.
4. P. M. ) steady.

F rid a y .

Good
In buyers*
de nand. Harden’*?- Active.
favor.

Quiet.

3%

3%

2 9,009
2,90)

12,000
1,000

Firm at Br’ly st’dv
1-61 ad 2 64-a3 ot
vaace.
decline.
Barely
steady.

Steady.

Steady.

The prices of futures at Liverpool for each d iy are given
oelow. Prices are on the basis of LJplaais, L>v Middling
dause, unless otherwise stated.
X 3T The p r ic e s a r e g iv e n in p en c e a n d
a n d 3 01 m ea n s 3 l-64d.

2 63-64'/.,

S A l.

in >«t.

T a os.

64tha.

2 63

Thus :

W ed.

T tinra.

m ea n #

F r i.

12^ 1 1:45 4 1:45 4 1:45 4 1:45 4 1:45 4
P. M. P. M. P. M. P.M. P. M. P.M. P. M. P. M. P. M. P.M. P. M. P M.

12,234 October...... 2d.62 2d.62 2d.6 i 2d.63 2d.62 d. 3d.00 3d.00 d. 3d.01 d
2 63
3 02
3 01 3 01
1,250
2 61 ■261 2 62 2 62 2 61 2 02 2 63 2 83 3 02 3 OL 3 00 3 00
1,80) Ost.-Nov.... 2
2
61
3
O
O
6
'
2
00
2
61
2
01
2
62
2
8
i
2
02
3
01
Nov-.Deo.
..
2
63 2 6 J
1,409 Deo.-Jan__ 2 60 2 60 l 61 2 61 2 01
2 62 2 62 2 63 3 01 d 00 2 63|2 63
Jan.-Feb__ 2 60 2 09 2 61 2 02 2 61 2 6 2 2 63 2 03 3 01 3 00 2 63 2 63
2 61 2 01 2 02 2 02 2 02 2 63 i 00 3 03 3 02 3 01 3 00 3 09
32,471 Feb.-Maroh.
Moh -April.. 2 02 2 02 i 64 2 63 2 63 i 0) 3 OL 3 01 3 03 3 02;3 0l|3 01
2 63 2 63 3 00 3 00 3 0 ) 3 01 i 02 3 02 3 04 3 03 3 02,3 02
13,923 Aprll-May _. 3
May Jane... -'0 ^ oo 3 013 01 3 01 3 02 3 03 3 0 ! 3 05 3 04 3 Oi 3 Oi
rane-Inly .. 3 01 3 Oi 3 02 3 0 i 3 02 3 03 3 04 3 04 3 06 3 05 3 03 3 Oi
15,000 July-Aug...
3 02 3 02 3 03 3 03 3 02 3 Oi 3 04]3 05 3 07 3 05|3 0 4 3 04
3 03 3 04 i 03 3 04 3 05)3 05 3 07 3 06 3 05 3 05
1.487 Aug -Sept...
2,025
26 l
7,500

Cotton freights at New York the past week have been
as follows.

Liverpool___ ...d .
....
Do
____ ...d
H avre...................... 3 4 * 3 5 ?
Bremen.................c.
371
Hamburg.............t.
351
Amsterdam......... c.
30«
R iv al, v. Hamb..e.
59t
Do ». H u ll...,.
48t
Rotterdam. ........
30
GMnoa. .................e
43
T rie ste ..................
401
Antwerp....... .......d.
Baa
© hent.v.Antw ’ p.d.
8*«
t Cents net per 100 lbs

Sept.

The tone of the Liverpool market for spots and futures
aach day of the week ending Oct. 7 and the daily closing
orices of spot cotton, have been as follows.

59,260

205,875

m a n y. N orth. South.

16.

64,000
61,000
1,890
2,590
Of whioh speculators took.
1,8)0
000
59,000
57,000
8a.es American----------------5,000
Aotua ex p ort......................
5,000
5 4,000
Forwarded— .............. ....... .
56,000
Total stock—Estimated......... 707,000 657,000
Of whioh Amerioan—Estm'd 629.000 5)2,000
Total Import of the week. ...
16,000
22,000
10,000
Of which American............
17,000
49,000
Amount afloat....... ...... .........
88,000
Of which American............
46.000
81,000
* Re-count of stock; 26,000 bales deducted.

Oct. 7.

Tae particulars o f tha foregoin g shipm ents, arranged in
a i r usual form , are as follow s.
G reat F ren ch Q er - r-O th .E 'rop e-> M exico,
New York. 12.8?5
100 2,915
750 2,012 .....................
N. Orleans. $0, 60 12 2 <4 ................... 4,459 ...................
Galveston. 32.47418.825 15.000 3,512 ..................................
Oor. O..Ao............................................................
26 4 ____
Pensacola. 7,500 ...................................................................
Savannah..........................
135 6,653 10,159 ....................
Brunswick 8,lo0 .......................................................
Charleston 12,922 ....................................................................
Norfolk.............................
353 .............................................
Boston ... 1,9 j i ...................................................................
Baltimore. 2,018 .......
301 .................................
......

Sept.

F ri.
l l 64
...
37%
37
351
32 %1
60t
48*50
30
45
45
*«
I ,,

IjITIip o o l .—0 / cable from Liverpool we have the followstate meat of the week’* sales, stock®,
at that port.

B R E A D S T U F F S .

F r i d a y , October 7. 1898.
Oaly a very moderate volume of business h is been trans­
acted in the market for wheat fl cur. Despite th e fact that
the prices fo : the grain have advanced to a slightly higher
basis, values for flsnr have l»e n easier, as a few sellers,
owing to the apathy shown by buyers, have shown a willing­
ness to m ike soms concessions to effect sales. At tie close,
however, the market show el a stealier tone at the lower
figures ruling. Rye flonr has been in light supply and firmlyheld. Bu;kwheat flenr has b:ea quiet but steady at u n ­
changed prices. Corn meal has continued to imeS with a fair
sale at steady values.
Speculation in the market for wheat futures has beea a
limited scale only. Daring the first half of the week prioea
weakened slightly under quiet and easier foreiga advices,
and a continued large movement of the crop in the Nerth
west. The export business early in the week wa3 oaly m olerately active, the demand being held in check to some extent
by the high ocean freights and the fact that buyers were
holding back in the hope that the premiums oa cash Wheat
would weakea somswhat. Thursday, however, there was a
more active export demand, the sales here and at outports being reported as amounting close to 1,003,0)5
bushels despite the fact that ooein freight rates
coatinned high; premiums for cash wheat, however,
weakened slightly. Tne market for futures daring the latter
part of the week showed a hardening tendency, in response to
stroager foreign advices, and a cold wave in the Northwest
started buying b y so m ; shorts to cover contracts. To-day
^he market advanced slightly for the nearby deliveries on a
'demand from shorts to cover contracts, stimulated by a re­
vival of the export demand. The distant deliveries held
stealy. The close showed prices unchanged to %a. higher.
The spot market was active and higher. The sales to-day
for export here and at ontports were 793,000 bushels.
D A IL Y

8L O H IN 0 P R IC E S O F H O . 2 R H D

Bat.

W IN T E R IN

Cash wheat f o b ............

73%

M on. T uet.
73%
72%

May delivery In e le v ___

67%

68%

i>so. delivery in el ,v......

(77%

' 67% e7%
68

N E W

Wed.

Y O K K .

73%

Thun.
7 2%

73%

69%

68%

68%

68 hi

68%

F ri.

6*

DAILY CLOSING PRICES OF NO 2 SPRING IN OH [GAG 0.
Deo. delivery In e)ev....
M»y delivery jr ele c....,

Sat.

M on

6 2 %, 6 :*ia
68%, 03%

Tnes.

%
63%,

61

Wed.

61%
64%

Thun.

%
61%

6 2

Itri.

63
61%,

THE

To 4

CHRONICLE.

Indian urn f mures lwve been quiet, bat there has been a
(factional advance in price*. The improvement was moat
pronounced durtug the fatter part o f the week. Reports re« t v e 4 from w w
•ctions of the corn belt stated that the
c r o p w o showing a pear yield, anti this stimulated some
baying for investment amount. Foreign advices were
firmer and they also had their influence in strengthening
values. Bomm-ss in the spot market was rather quiet early
in the week, but at the close exporters were buying with
some show of freedom. To day the market was dnll but
steady. The
t market was fairly active and firm. The
sale* to-day for export were -180.000 bushels.
o x ii.r c t o s i x o r rices o r so. 2 mixko cokm in N E W Y O B K .
SaL

Cafth com f. o. b ,..... ...... 35V
D^e dfdJrery In
....... 34s*
MAy delivery in elov ....... 36
daily closing I•RICES OF SO.
delivery to elev
.
May delivery la elev ....

Sat,

29 %
31%

Fn.
Wrd. Thor*
V on . T u n .
35b
36
35b
35% 36*3
3S
34%
34% 34%
34b
37
36% 36%
30V
36V
2 MIXED COBS IS CHICAGO.
M on,

29*1*
3 lbs

Tues.

29 m«

Wed.

Thurs.

2 -b
32

2S =8
32

F ri,

29-14
31%

f V o i . X L V II.

without quotable change, and cloakings inajtive. Flannels
and blankets dull but steady.
Oo m r s t io C o t t o n G o o d s . —The exports o f cotton go* n
from this port for the week ending October 8 were 1,750
packages, valued at $78,885 their destination being to be
p oin ts specified in the tables below:
New Y ork

to

1897

1898.

Oct. 3.

W eek.

Since J a n .

91

2,6®4
84H
127,935
9,787
27,520
9.387
11.514

Great Britain....... ............
Other European..................
China...................................

500

Africa..................................
West Indies.........................
Mexico........................ ....
Central America..................
South America...................
Other Countries.................

199
149
409
211
184

Total.............................

1,750

5

o

1.

Week.

S ince J o n .

5,«97
3^,383
13,759

2H
48
240
1,038
380
39
225
55
81
308
40

3.758
2,627
100,053
9,559
18,254
14,600
11,239
2,0 17
6,651
36,802
3,089

251,069

2,480

210,055

"3,'dfO

1

21,623
15,966
China, via Vancouver'__
Oats for future delivery have been neglected in the local
market. At Chicago prices have advanced on a fairly brisk
272,692
1 2,480
228,021
Total.............................. 1.750
cash trade, both the home trade and exp rters buying with
- From N ew England m ill points direct.
same show of freedom. The advance in other grains during
The value of the New York exports for the year to da’ e
the latter part of the week also stimulated some buying for
investment account. The snot market has been fairly active has been $8,811,437 in 1398 against $3,211,336 in 1897.
The demand for export in heavy-weight cotton sheet­
at gradually loudening prices. To-day the market for futures
was steady. The spot market was firmer but quiet No sales ings and drills still continues slow and the mills are run­
ning out of orders The home demaaddoesnot make amends
were reported for export.
for this continuing quiet, and prices tend in favor of buyers.
I>A!!.r l.o-ISO l-ltlca* OF 0*18 IS N E W Y O R K .
Light-weights are quiet and also in buyers’ favor. Bleached
S at,
Mon.
T u ts.
Wed.
Thu vs. Fri,
cottons irregular, but quotations of leading makes un­
Ko, 2 m ixed, «dev............ 2 5 “*
251*
26
26%
26%
27
changed: the demand has been for limited quantities only.
>'o. 2 Whitts «-!pv...........„ 2«% 28% 2-%
2 •*
29
29
Wide sheetings are dull and easy to buy. Cotton flannels
; \ itr i rim ; rincKH o r n o . 2 m ixe d oats i s n i l O K i O .
quiet and cotton blankets in moderate demand at firm prices.
Sat.
Mon.
Titcm. Wed.
Thurs, F ri.
D e - c delivery-in «1«*v . . . . 2 0 -20%
21'* 2 i 2%
21% Denims are more inquired after at previous prices. Other
M aj -ic-aihr) in etev....... 22 ',fi 22%
22% 22l5ift
22% 22% coarse, colored cottons quiet, with ready sellers. W hite
Rye has bud a fair sale to exporters but at slightly lower goods in fair request for spring, and quilts well sold and
prices. Barley has been more freely offered and values have Arm. Fancy prints are in average request in a regular way,
weakened slightly.
with special business doing in some lines at irregular prices.
The following are closing quotations:
Indigo blues and mournings are steady, with moderate de­
room.
mand. Other staple lines quiet and easy. Staple ginghams
Fin®............................*2 15 ® 2 40 I Patent, w in ter........ $3 50 ® 1 0 i
steady. Fine dress styles for spring have sold well at firm
Sapernne................... 2 35 0 2 50 ] C ity nulla, extras . 4 50 /»4 75
prices. Print cloths have declined l-16c. to 1 15-lGo. for
Extra, No. 2 ............ 2 01 9 2 75 I R yeflour, suueriine 2 90 ® 3 25
regulars, with small sales and a moderate business done in
Extra. No. 1 .......... 2 70 9 3 10
Buokwheat flou r... 1 40 ®1 70
odds on the basis of 2 U-16c. for 33J^ineh 64-sqnare 5 15
Clear* ...................... 3 00 9 3 50 |C om m eal—
SOAbfkts................. 3 15 9 3 90
Western, eto......... 2 00 ® 2 05
goods.
Patent, S pring....... 3 00 9 1 5 0 | B ra n d y w in e.......
2 10
F o r e ig n D r y G o o d s —The demand for seasonable lines
[Wheat flour In saaks sell* at prices below those lo r barrels. I
has been light and featureless. For spring there is but slow
OKAtS.
Wheat—
o.
o.
Corn, p er bnsh—
o.
o
development, and business in dress goods, men's-wear w ool­
N’ t h'n Duluth, No. 1 7 1 "g »7 4
Western m ixed........... 34 93058 ens and worsteds and in cotton and silk faorics is all back­
Ked Winter, No. 2.. 7 1 b * »7 3 b
No. 2 m ixed ................3418 936=8
ward. Linens are in fair demand.
Northern, No. 1 . . . 7 Ob * 7 3 b
Western Y ellow ..........3 4 5 3 9 3 0 1 3
t a n — Mix'd, per bsh.
W h ltr .................... .
No a m ixed ............
No. 2 w hite_______

253* 928
2 7 b 0 34
27 928
29 930

W estern W hite........... 34=8 93013

I m p o r t a t i o n s a n d W a r o h o u * * W i t h d r a w a l s o f O r j ©«,< < » ,

Western, per b a sh ... 52 9 5 4 1 3
Btate and Jersey....... 49 9 5 5
Barley—W e ste rn ......... 45 0 5 5
F e e d in g .......... .............3 6 b »3 9 > s

The importations and warehouse withdrawals of dry goods
at this port for the week ending Oct. 6, 1898, and since
January 1, 1893, and for the corresponding periods of last
year are as follows:

Rye—

T-s

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TR AD E.

P. M ., Oct. 0, 1898.
Badness during the week has been on a quieter scale than
for a number of weeks past. The weather has been unseason­
ably warm and an adverse factor. Yellow fever has been more
obstructive in the South, and the fall season in the primary
market is drawing to a close. Nevertheless, when compared
with tin* result* of the first week in October last year, this
w*;**k shows a considerable gain in the aggregate volume of
sales, which is fair evidence that although distribution by
jobbers un i retailers may have been checked, it is still of
more satisfactory extent than a year ago, and is likely to
continue s*i during the balance o f the year. The tone of the
market here has not undergone any material change in either
cotton or woolen goods. In both, sellers refrain from exer­
cising any in irked pressure to move stocks, bnt in both the
market tend* more or less in favor o f buyers. Print cloths
arc quota!* y lower, and their situation is again the subject
o f consideration by the Fall River manufacturers, who are
likely, it is said, to evolve a plan for improvement upon
lines entirely different from any previous effort, although
concerted curtailment is to be one of Its features.
W>>ii.R.s G o ods —T he general condition of the woolen
good'm arket shows little change at the close o f the week.
It w.vs disturbsd early In the week by the failure of the Saw­
yer and the Piym mth Woolen Mills, cantv-rn* held in high
standing: but as tin- cause was ascertained later to be in out
side “pecnlation the failure ceased to figure as a market in
fltienoc. At the same time the persistent conservative action
of buyers of men's wear fabrics is causing much embarrass
iru nt to manufacturers and some who recently resumed work
have announced their intention of shutting down again. In
no direction has the spring business been satisfactory. Some
lines are reported to have sold their season's production, but
they are ex, optional, and the prices realised by them com­
paratively low. The dress goods division is no better than
the men's fsbrlr i, and both fall and forward business is nnsatisfactory in extent and in price. Overcoatings are quiet,

M a n u fa c tu re s o f—
W o o l ................................
C o t t o n .................. .........

GOODS

M i s c e l l a n e o u s .............

DRY

N e w Y o r k , F r id a y ,

T o t a l i m o r p t e ..........

T HE

T o t a l ................................
E n t ’ d t o r o o n s u n ip .

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October 6, i8 »8 .j

THE

CHRONICLE.

S tate a a p C ity p £ f AfitMEWT,
TERMS OF SUBSCRIPTION.
The I nvestors * S upplement will be furnished without
extra c h a r g e to e v e r y annual subscriber of the C om m ercial
and

Fin an cial Ch ron icle .

The S tate and C it y S upplement will also be furnished
'oithout e x t r a c h a r g e to every subscriber of the C h r o n ic l e .
The Street R a il w a y S upplement will likewise be fur­
nished w i t h o u t e x t r a c h a r g e to every subscriber of the
Ch ron icle .
The Quotation S upplement , issued m on th ly, w ill also be
f imished w i t h o u t e x t r a c h a r g e to every subscriber o f the
Ch ronicle .
TERMS for the C hronicle with the four Supplements

above named are Ten Dollars per year within the United
States and Twelve Dollars in Europe, which in both cases
includes jostage.

Terms of Advertising—(Per inch space.)
Transient matter (each time) $3 50 1Tliree Months (13 times). .$25 00
standing business CARDS.
Six months
(26 times).. 43 00

Two months 18 times)__ ... 18 00 1Twelve Months (52 times). - 58 00

MUNICIPAL BOND SALES IN SEPTEMBER.
Our usual monthly compilation of municipal bond
sales shows that during the month of September but
$6,145,665 bonds were marketed, which total does
not include $1,734,530 of temporary loans reported.
These figures present a decided decrease, whether we
compare them with the $9,272,691 reported for Sep­
tember of last year or with the exceptionally large
total ($25,029,784) for August of the present year.
This decrease is partly due to the fact that during
September but few large issues were floated, though also
to the smaller number of municipalities issuing bonds,
there being of the latter but 145 (emitting 170 sep­
arate issues) in September, as against 166 (emitting
214 separate issues) for August. In September 1897
there were 179 municipalities and 230 separate issues.
An important event of the month— one which has
attracted much attention among bond dealers and
investors generally— was the decision in the suits
growing out of the award of the $12,688,992 36 bonds
of New York City to the Produce Exchange Trust
Company of New York. For reasons explained last
month, these bonds were not included in our total of
sales for August, but now that all litigation has
ceased we place them in the table of additional sales
for that month, which, with a few other issues, brings
the total up to $25,029,784— an amount which has
been but once exceeded.
The principal sales of the month were as follows :
Mobile, Ala., $750,000 44 peYcent 40-year water and
sewer bonds, awarded to Sperry, Jones & Co., Balti­
more, at 100*563; Buffalo, N. Y ., $466,003 3^ per cent
5-year tax loan bonds, aivarded to Farson, Leach &
Co., at 101*773; Great Falls, Mont., $375,000 5 per
cent water bonds, sold at auction at 103, and $343,000
4 per cent bonds for various purposes issued by Los
Angeles, Cal., and sold to E. D. Shepard & Co., New
York, at 105*25. These constitute all the sales of
$250,000 or over.
In the following table we give the prices which were
paid for September loans to the amount of $5,223,910
issued by 117 municipalities. The aggregate of sales
for which no price has been reported is $921,755, and
the total bond sales for the month $6,145,665.
In
the case of each loan reference is made to the page of
the C hronicle where a full account of the sale is
g ven.
SEPTEMBER BOND SALES.
R a te .
M a tu rity.
001 ..Aberdeen, S. D............ 5
1189W-1918
601..
Akron, Ohio (7 Issues).
5
*1901
543..
Albany, N. Y ...... 3»a
..............

P age.

L o ca tio n .

A m o u n t.

P r ic e .

23.000 103 109
63,700 104 067
50.000 100

P a ge.

L o c a tio n .

155
R a te,

M a tu rity .

A m o u n t.

P r ic e .

756..
Alden,N. Y ........ 3^ 1903-1912
18,000 100-715
1900-1905
548..
Alexis, 111........... 6
3.000 104-833
1899-1908
601..
Atohison, Kan U. 6
3,490 100
July 1, 1928
601 ..Attleborough, Mass... 4
13.000 114
6d4 ..Augusta, Wis.............. 5
12.000 104756..
Battle Creek, Mich.
10,000 102-68
654..
Bay City, Mich... 4 Oct. 15. L928
18,000 10857
1904
601.. Bayonne, N. J............. 4
50.000 100
601.. Beaverhead Co., Mont. 5
20.000 10311908-1918
105703 ..Belmont, Mass............ 4
25.000 105-78
Oot. 1, 1908
548 ..Bergen (N. Y.) Onion
School Distiot......... 3 %
1899- 1902
2.000 100
703 ..Bexar Co , Texas........ 41g 11908-1938
14.00 J 100
703 ..Blakely, Pa................. 5
15.000 105-53
1903&U-08
654 .. Breckenridge, Col....... 6
25.000 10011908-1913
654 ..Bristol Co., Mass....... 4 Sept. 23, 1902
160,000 102548 Buffalo, N. Y ............... 3^2 Aug. 15, 1903 466,003 101Sept. 1, 1899
548 .Buffalo, N. Y ............... 3
7,166 109
654 Caldwell Co., Mo........ 6
1900- 1903
13,500 104654 .Canton, Ohio............... 4
15.000 103Sept. 1,1903
654 .Canyon Creek (Mont.)
Sell. Dist. No. 36..... 6
11903-1918
800 100
703..Cambridge, Ohio (2 is­
sues).......... .............. 4^ Sept. 1, 1923
18,000 108
602 .Carthage, M o ............ 4
25.000 100-72
11903-1911
1918-1928
703 . Carnegie (Pa. )Soh.Dist. 4^
40.000 1111900*1903
703. .Cass Co., Mioh............. 4
32.000 100
18991910 6,000 102548 Cattaraugus, N. Y ...... 4
802 Champaign, 111............ 5
8 ,0 0 0 106-712
1900-1908
602. .Cnioago, 111................. 3^
Oot. 1, 1918
100,000 103548. .Cohoes, N. Y ............... 4
Jan. 1, 1905
1,933 100- 517
655. .Columbus, Ohio (3 is-? 4
108,000 5106-99
1 109-32
602. .Coshocton, Ohio......... 6
22 500 1121900- 1914
548. .Council Bluffs, Iowa... 4^a tl903 1918
30.0 0 102-35
703 .Dayton, Ohio............... 4
19071918 150.000 | 100-77
7* 3. .Dayton, Ohio............... 4
50.000
1908- 1912
70$. . Delphos, Ohio.............. 5
1916 1920
5.000 112-23
756. .Dorranceton (Pa.) Sch. «
2899-1909
5.500 5I 100
District.....................
i 00-75
548. .East Liverpool. OlilO.. 4
15.000 101-875
1903-1917
655. .Elmira. N. Y ............... 3*8 Oot 1, 1933
29.000 100 68
655. Fayette, Ohio............. 6
1902-1906
5.500 108-13
704. .F rtuna (Cal,)Sch.Disc. 6
1901-1910
10.000 105-41
655. .Fremont, Oh'o............ 4
5.000 10L-25
ln99-190>
6r>5. .Goozales, Texas......... 0
i 1903-1918
15.000 DO
704. .Great Falls, Mont........ 5
375.000 103
19t»8-1918
602. .Hagerstown, Md......... 4
3.000 104 283
1901-1920
655. .Hamilton, Ohio........... 4 * 2
4.000 101-98
704. .Holyoke, Mass............ 4
90.000 1073376
Sept, 1, 1908
549. .Horse Creek (111.) Un.
Drainage Diet. No. 1. 6
1899-1901
6,770 100 516
4
704
Oot. 1,1918
10,000 106 37
549
4
Apr. 1. 1928
150,000 10537
655 . .Lehlghton, Pa............ 4
11908-1918
19,600 1 0 0
549 ..Leipsic, O. (2 issues).. 6
13,000 115-898
1909-1918
549
5
1903-1909
3,500 10308
655..Le Roy (N. Y.) School
4
1900 1903
8,000 101-02
1899-1910
655..
Lorain Co., Ohio. 4
175,000 102-564
549..
Lorain, Ohio ..... 5
30,cOO 105-07
11903-1924
655..
Los Angeles, Cal. (4 is­
sues)......................... 4
3 4 3 ,0 0 0
105-25
704 . .Lufkin, Texas.............. 5
10,000 100
11908-1938
757..
MeComb, Miss.... 6
103
3
v
O
i)
t 190f-l»18
603..
Madison, Wis..... 4
11908-1918
3 7 ,0 0 0
101-891
656.
5 Sept. 1, 1903
1,185 101-200
705. .Marion Co., Ohio.........
6,000 104-517
549...Marlborough, Ma«s__ 4
July 1, 1926
6.000
549. . Marlborough. Mass__ 4
July 1, 1918
20,000 1110-291
003.
_
,
„
......
4
14^ ,000 ’ 100
603..
Mobile, Ala........ 41 , Nov. i, 1938
750,000 100-563
705. Monroe Co., Iowa....... 4
20,000 100
1901-1907
498..
Montour Fall-, N. Y3-05
...
100
3 3 ,0 0 0
6 5 6 ..................
0
1918
e,000 103-51
6 6 ..Mount
.
Healthy, Ohio.. 0
1899-1908
1,500 109-20
656...Mount Healthy, Ohio.. 6
1,043 109-50
1899-1908
603 . .Mount Moriah, Mo...... 6
4,000 100
656...Mount Vernoi , N. Y ... 5
Sept. 1. 1901
50,000 105 01
603 New Britain, Conn.... 4
\1910-1925
50.000 106 820
603.
4
35,000 102-368
11903-1918
40,000 103-50
549..
Newport News, Va....
■m> 11918-1928
656. ~
~
5
2,000 110-68
705.
4
50,000 118-599
Sept. 1.1928
056...Oil City (Pa.) Sch. Diet. 4
1903-1922
45,000 102-701
758...Oneida, N. Y ............... 3*20 ..............
(loop 1 0 0
656
40,000 111-78
5
1899-1918
758. .Payette (Ida.) School
Distriot No. 32........ 6
8,000 102-337
1908-1918
705 .Phillipsbuig.N J........ 4
0 0 ,000 ;
1908-1917
i 102-343
705
1906&1914
9,000 <
550 .Philo (111.) SchooDDist. 5
4,000‘*102-50
1900-1907
705 .Pocomoke City, Md__ 5
25.000 110-25
Oot. 1,1928
705 .Powers (Mich.) School
6
3.500 101-14*
1908
550..
Ravenna, Ohio.... 6
14,080 101-065
1899-1909
11,900 103-17
057..
Rockford, 111......
1911
603..
Rock Inland, 111.. 6
30,000 1 0 2
657..
5aginaw, Mich; i2 is­
sues). ......................
15,000 101-987
1899-1908
550..
5alem, Ohio........ 6
1899-1908
5,047 108*975
604..
5andusky, Ohio.. 41^ 1905-1912
17,000 106-25
657
8,000 102-31
1899-1906
657 .Shelby Co., Ohio.
0,400 100
6
604
1902-1927
30,000 1 0 1 - s i
551 .Sidney (O.) 8oh. Diet.. 6
18 #9-1905
14,000 10615
700 .South Amboy, N. J...... .5
25,000 110-535
1899-1923
706
0,500 101-33
4 Sept. 15, 1903
657 ..So. Brooklyn, Ohio...... 6
2,500 109
1900-1908
706
102
49,865
8
1908
65
100
2 5 ,0 0 0
3ia
706
10
0
52>000
413 Oot. 15,1927
551 .Sycamore (111 )Sch.Dis. 4 1 ,
lf>.(K)0 103-835
1899-1913
706
10202
2 0 ,0 0 0
4
658
16,500 113-511
4
June 1,1928
760 .Tulare Co. (Cal.), Lin9fl0 107
8
101-25
605.
4 ,0 0 0
1899-1902
605
16,000 100
5
-■1901 1908
6,000
10 0
658.
1908
6
760. .Walnut Grove, Minn.. 6
3,500 100-714
1899-1903
552. .Walton (N. Y.) Union
10 .0 0 0 107-38
1914-1918
Free School District. 4
40,000 103-311
706. .Watertown. Maas.......
1899 1908
4,350 104 402
707. .Waj ne, Ohio (2 issues) 6
1900-1903
103-35
552. .Westchester Co., N. Y.
64.978
1900 1905
552. .Winona (Minn.) 8chool
15,000
105
1915-1917
5,200 100-866
658. .\
1913
4>a

|

4

4
4
4
4

5

4

4
4
4

166
675
00

50
71
773
75
233

25
916
289
60

THE CHRONICLE

71 6
K ite .

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. 4
7 0 ? Yt>ak#r*, S Y
.. 4
. Yoakorm tX, Y d Sofaoo 1
<W$
5
s
O h io ,,,,, » 5
ratal

IOOO- 1 0 0 0
July 1. 190S
Feb. 1, 1001
1913 19£X
1900 X> 03
1900-1009
1000*1004
1000*1903

i l l ? mutMolpaiKU©#, cwvorlug 141

3i-A.ro
Si#

o f M lM for wrttlch do p rice has
(2 S uttuiitcip*l!ti<Mt, c*oYeti tig
ittUM) ....

.4 m aunf. PrU
0 ,0 0 0 103 33
lo o .o o o 1 0 7 1 8
19.000 1 0 2 0 9
29,500 106-67
630 1 0 1 0 0
80,000 108-378
1,500 1 0 1127
-too 103-187
5,223,910
921,755

T o u t boftii tftlei fo r ^ p t fiu b c r , 1 8 9 8 .,.! $0,145,665
w c r a ^ if >U *'i o f iuAt irUy. t Suhjoct to call In and after the
e*rl!' r year au l mature \n tUo later year. ;X o t Including $1,734,530
o f tem porary loan* reported and wUtaib do not belong In the IIAt.
1 u.MU'-d to contractor* in paym ent fo r w orkd one. ^Sinking fund bonds.

In the C h h o k ic l b of September 3, 1898, page 496,
a list of August bond sales amounting to $12,196,425,
\rill be found. Since the publication of that statewe Iusto received the following additional reports:
A D O m O K U A fiH 'b r BOND SAI.KB.
A m oil )i
Ifa-*urity.
P 17*.
life .
9,887
6W ..F oiU 'ri.i, O nto... . . . . . » . 4 ti Sept, 1, 1913
80,000
5 5 9 ..
11eiU>1»bunf» C a l .. 5
1899 1938
549. .
M * n ln !on T n i.) Drain*
18,000
1890-1902
age PU trict S o . 3 .--. 5
•1,000
5
1th 7* 1928 12,088,393
547 . N. y . City 120 iM iie o ,. 3>s
20,000
1899 1938
SIO mI i a S a Tm I* Cal ........... 5
0 0 5 .. W roiorc (X©b.) School
0,500
- IT .........................

P ries .

H H T77
103*3125
101*10
100
10-194
107-37
109-230

T otal additional s a le , fo r A .u g o*t............ . 812,833,359

These additional loans will make the total sale
(not including temporary loans) as reported for August
amount to $25,029,784.

1898

Houston, Texas.—Bond Litigation.—AV. J. Hayes & Sons,
Cleveland, have entered a suit in the Federal Court, asking
for a writ of mandamus to compel the city to complete its
contract with the Cleveland firm and deliver to them the
$100.00-1 bonds awarded last August, The city, claiming that
W. J. Hayes & Sons had not complied with the terms of pur­
chase, re-awarded the bonds to Rudolph Klejbolte & Co.,
Cincinnati, on September 13, 1398. It is stated that the case
will come up for a bearing late in October. See C h r o n i c l e ,
September 17,5898, and October 1, 1898.
Vermont.—IsgUlatwrr Convened.—On Octobers, 1898, the
regular biennial session of the State Legislature was con­
vened.

Bond Proposals and Negotiationsthia
week have been as fo llo w s:
Aides (V illage), N. T.—Bond Sale.—On September 38,
1898. the $18,000 water-works bonds were awarded to Joseph
K. Gavin, Buffalo, at
for a 3*00$ bond. Following
are the bids :
* rors-t no***.
i
a>mn,
J a«7ph VL fin tln . B u ffa lo......»„ *100*716 j J*'«***. I 'w k c r A.Co.. B o s t o n ..♦ .*. 103*791

f r a <Uct /i n i*.
|K jw . C. JonfefCo.. N«W York, ...103*15
‘♦with 4 C n . S e t York .*.100*016 i Daniel a . Moran a Co., n . y __ 10 roa
! - i S' union \ <' ... N. V .......102*60

Stne*i. W »**•-» &Co.. Nr* YorlLibOMO I Iiuwo W. Sherrill, Po’koopsie... 102*26
for i t
j Latnprwht Draft. Co., Clove .... 101*67
Tin■■GT Rr«*».

\

C.r,.

y . . . . . . l'H'10 ! VV. J. l l nri - ,V Sous, Cleveland. 100*40

Principal will mature $000 yearly from 1903 to 1933, inclqjdve. For description of bonds see Chronicle of Septem­
ber 24,1898, p. 854.
Anaeortes, Wash.—Bond Ordinance Repealed.—According
to the Seattle "Post” the City Council of Anacortes has repal* 1 an ordinance passed in 1898, which authorized the
is* notice of $***>.00 ) of bou-ri at a "siiff*’ rate of interest. At
the ‘-lection the vote was overwhelmingly in favor of issuing
the i*on*b>, but the placing of them was not so easy, and the
bonds were never sold. The action of the present Council
was taken to prevent the possibility of the bonds ever being
i«aued.
Annapolis, Md.—Loan Authorized. —The Finance Commit­
tee ha« been authorized by the City Council to negotiate a
loan o f $10,<W0 at fi. with the Farmers’ National Bank, Ann­
apolis, for purposes of street paving and other permanent
improvement*.
Ashtabula. Ohio—Bond Offering.—Proposals will be re­
ceived until October 10, 1898, for $3,100 6: bonds.
Battle Creek, Mich.—Bond Sole.— According to local re­
ports. this place recently sold $10,000 i: sewer bonds to N. W.
Harris & Co., Chicago, at 102-&9.
Cairo, 111.—Warrant* ,Y, I Yet Sold.—In reply to our in<iniry, Mr. J, 8, Hesrden, City Comptroller, informs ns that
the coupon anticipation warrants o f the 1900 1901 series yet
remain unsold. Mr. Reardon says: "O ur Financial Commit­
tee tx-eat bard to please and may yt t dispose of them to our
local banks.”
Cambridge, Ohio—Bond Offering.—Proposals will he re­
ceived until 12 a. October 24, 1893, at the office of T. R.
i)<wlm, City Clerk, for $34,480 4>f.f street-pavement assess­
ment t«.nd» Secoritiea will be in denomination of $3,448,
dated October 1, 1398: interest will be payable annually.’
Principal will mature $2,448 yearly on October 1 from 1819 to

[VOL, LX V I).

1908 inclusive. Bonds are issued pursuant to Section 2204,
Revised Statutes of Ohio, aud o f Ordinance No. 303, passed
April 18, 1898, and of Ordinance No. 235, passed September
5, 1898,
Chautauqua County (P. O. Sedan), Kansas—Bonds Refunded. —This county his refunded $14 ',000 railroad aid
bonds at hi. These bonds were voted in 1887 to the D M. &
A. R R , a road intended to be built between Denver and At­
lanta, but which never reached either place. Sse Chronicle,
July 30, 1898.
Cherry Creek (N. Y.) Union Free School District No. 1—
Bond Sale.—Oa October 8, 1893, $7,500 4f 30-rear bonds of
this district were sold to C. H. White & Co., New York, at
D 7-42. There were twelve other bids received, ranging from
102-81 up to the price paid. Interest on the securities will be
payable semi-annually at the Hanover National Bink, New
York City.
Clay. Washington and Webster Districts, Marshall
Counfy, \V. Vn. —.Vo Prospect o f Bon l Issue.—Up in inquiry
we learn that no action has been taken looking tow irds the is­
suance of the $>0,000 5 i railroad-aid bonds which were voted
last April. County Clerk E. M. Lewis says: "I t looks very
much as though the whole affair had been a 'b lu ff'o n the
part of the railroad compinv."
Clinton, Mass.— Roads Voted.—Local reports state that
the issuance of $3,000 road beads was recently- voted.
Columbia, Mo.—Bonds D efea t /.—At the election held ou
September 37, 1898, the proposition to issue $35,000 of sewer
bonds was defeated.
Columbus, Ohio—Bond Sale.— The$175,003 -1%water-works
bonds which were authorized last June were recently taken
by the Sinking Fund Gmmisuotiers. Securities are issued
in denomination of $1,000; interest will be payable June 1
and December 1.
Bonds Authorized.—The Finance Committee has been
authorized by tueCity Council, under Ordinance No 14,253,
passed September 26, 1398, to issue $4,500 47 coupon bonds for
the improvement of State Street from Sandusky Street to
Davis Avenue, Securities will be iu denomination of $500,
dated Sept. 1, 1898: interest will be payable M irch 1 an l
September 1 at the office of the City Treasurer. The Finance
Committee has been authorized and empowered to arrange
for the issuance and sale of slid bonds.
Crystal Springs, Minn.—Correction.—In the C hronicle
last week we reported a bond offering for the city of Crystal
Springs, Minn. The State should have been Mist, and is cor­
rectly given below.
Crystal Springs (Tow n), Miss.—Bond Offering.—Pro­
posals will be received until October 15, 1893, by W. C. W il­
kinson, Chairman, for $H,0006< water-works bon is. Interest
will be payable annually on July 5, a n l the principal will
mature 20 years from, date of issue.
Dalton, (la.— Bond Election.— At the election to be held in
November the question of issuing $30,000 sewer and electriclight bonds will be submitted to a vote of the people
Deer Park (N. Y.) Union Free School D istrict No. 1—
Bond Offering.—Proposals will be received until October 12,
1898, for $22,000 i% school bonds.
Dorranceton (P a .) School D istrict— Bond Sa'e.— Oa Sep­
tember 26, 1898, $5,500 57 coupon bonds were awarded as
follows:
Brrnls Nos- l to 7 inclusive to the Second National Bank at par.
Bonds NOB. 8 and 31 to Ellon S. Wallace at 100*50.
Bonds Nos. 9 and 10 to Susan Norris at 100*76.

Securities are in denomination of $500, dated September 36,
1898. Interest will be payable semi-annually and the princi­
pal will mature one bond yearly from 1899 to 19 9 inclusive.
East Windsor, Mass.—Loan Authorized.—At a town meet­
ing held October 4, 1898, the Selectmen were authorized to
borrow $.0,000 for the general expenses of the town,
Edwards County, Texas—Bonds Approved.—On October
3, 1898, the Attorney General approved an issue of $:3,OOQ
refunding court house bonds of this county.
Elmira, N. Y.— Bomi Offering.—Proposals will be received
nntil 8 P. M. October 10, 1898, by Edgar Dsntou, Mayor, for
$29,000 city funding debt bonds, Securities will be in de­
nomination of $1,000, dated October 1, 1898; interest will be
payable semi-annually. Principal will mature $1,000 yearly
from 1899 to 1927, inclusive. Bonds are issued pursuant, to
Section 7 of Chapter 085 of the Laws of 3892 as amended by
Chapter 466, Laws of 1893, and by Chapter 54 of the Laws of
1897; they are exempt from all taxation. Each bidder m ist
bid the lowest rate of interest at which bonds will be taken
at par value, and may also bid a rate of interest and premium
on the bonds bid for.)
Essex County, Yu.— Bond Election.— At the election to ha
held on November 3. 1898, the question of issuing $10,003 ia
aid of the proposed Richmond & Tidewater Electric Railway
Co. will be submitted to a vote of the people.
(Renville (V illage), Ohio—Bond Offering.—Proposals will
be received until 12 w. October 26, i898, at the office of Ira
C. Farley, Village Clerk, for $21,000 OS sewer bonds. Securi­
ties are in denomination of $500, dated October 1, 1898; in­
terest will be payable semi-annually. Priticipil will mature
$10,500 October 1, 1899, and $10,500 October 1, 1990. Bonds
are issued pursuant to Section 2705 o f Revised Statutes of
Ohio, as amended January 19, 1892, and of an ordinance
passed September 23 1898, authorizing their issue.
Grafton (Town ), AY. Ya —Bond Offering.— Proposals will
be received until 12 m. October 20, 1893, by O. O. Augir,
Chairman of Finance Committee, for $10,000
electriclight bonds. Securities are in denomination of $100, dated

October 8, 1898.]

THE CHRONICLE.

(ptember 1, 1898. Interest will lie payable annually, on
eptember 1, at the Bank of Gralton. Principal will mature
eptember 1, 1918, subject to call after Sept. 1, 1908. Bonds
(re issued pursuant to Chapter 141, Acts of 1872 and 1873, of
jhe State Legislature, and to an ordinance passed by the
Down Council and ratified by the voters thereof.
Greensboro, Greene County, Ga.—Bond Sale— On Octo­
ber 3. 1898, the $22,000
water works bonds were sold to
W . H. Patterson & Co., Atlanta at 105-73. Bids were also
received from Farson, Leach & Co., Chicago, at 105-179, and
from F. M. Stafford & Co., Chattanooga, at 106-01. Principal
will mature $1,000 yearly on November 1 from 1908 to 1927, in­
clusive, and $2,t 00 on January 1, 1928. For description of
bonds see C h r o n ic l e of August 27, 1898, p. 443.
Hancock (Tow n), Y t.—Bonds Authorized.—This town has
authorized the issuance o f $2,000 4% White River Valley Rail­
road-aid bonds. Interest will be payable semi-annually.
Further details of the issue have not yet been determined.
H artford (Conn.) Arsenal School D istrict.—Rend Offer­
ing.—Proposals will be received until 2 p. m. October 13,
1808, for $20,000 4% 20-year coupon bonds.
Hastings, Neb.—Bond Sale.—According to local report,
the City Council, at a special session held on September 28,
1893, sold the $245,000 4*4% 10 20 year (optional) refunding
bonds to Spitzer & Co., Toledo. These bonds were offered
for sale September 12, 1898, but were not disposed of at that
time. A description of them will be found in the C hronicle
August 20, 1898.
Herman (V illage), Neb.—Bond Offering.—Proposals are
asked until to-day (October 8. 1898), for the $2,000 4*4% water­
works bonds a description of which was given in tne C hron ­
icle of July 16, 1898. Principal will mature 20 years from
date of issue, subject to call after five years. Louis Wachter
is the Village Clerk.
Holyoke, Mass.—Loan Proposed.—It is stated that a loan
of $25,000 for sewers will be negotiated shortly.
Johnstown (C ity), N. Y.—Bond Sale.—On October 1, 1898,
the $50,000 4% water bonds were awarded to Denison, Prior &
Co., Cleveland, at 105-95. Following are the bids :
Denison, Prior A Co., Clereland.105‘95 I W. Holman Carv, Boston........... 105-361
R . B. Smith A Co., New Fork...... 100-09 C. H. Whit© A Co.. New York. ..106 30
N. W . Harris A Co., New York ..106 78 Geo. M. Hahn, New Y ork...........K 4 84
Street, Wykes A Co., New York..lu6*<J5 W. J. Hares A Sons, Boston ...104"52
Rudolph Kleybolte A Co.. N. Y.. 105-01 I Daniel A. Moran A Co.. N. Y....104 62
Benwell A Everitt, New York— 1 .V57 i Edw.C. Jones Co., New Y o rk .. .104-20
Walter Stanton A Co., N. Y........105 54 I 3. A. Kean, Chicago..................... 102-25
E. H. Rollins A Sons, B oston__ 105*61 I

757

tiate and sell the e bonds, with power to receive bids in any
manner whatever looking to the best and most advantageous
sale of the bonds.
Bond Election.—A t the election to be held in November the
question of issuing $70,000 of turnpike bonds will be sub­
mitted to a vote of the people.
Malta noy City (B orough). P a.—Bonds Awarded.— We are
now advised that the $45,000 borough bonds which we re­
ported as having been sold in the C hronicle of August 20,
1898, were awarded to W. J. Hayes & Son9, Cleveland, at 103.
Marshfield (YYis.) School D istrict No. • —Bond Sale.—On
October 1,1898, the $18,500 5%high school bonds were awarded
to the First National Bank of Marshfield at 105-080. Follow­
ing are the bids :
First Nat. Bank, Marshfield. $10,439 89 I Kane A Co., Minneapolis — $19,100 OO
N. W. Harris A Co., Chicago 19,405 00 Phelps, Erman & Co., Chic... 19,156 00
Trowbridge, MacDonald A
|Denison. Prior A Co., Cleve.. 19,150 00
Niver Co., Chicago........... 19,393 00 F. R Fulton A Co., Chicago.. 19,086 00
W. J. Hayes &Sons, Cleve. . 19,30100 Spitzer* Co., Toledo........... 19,005 80
Farson, Leach A Co.,Chicago. 19,300 00 |Reasongood A Mayer, Cincin. 18.998 00
Mason. Lewis A Co..Chicago. 19,247 40 I Duke M. Farson, Chicago .... 18,948 00
U. M. Stoddard. Minneapolis. 19,212 25 J. C. Norton, St. Paul........... 18,888 50
German-Amer.Bk.,Marsnfi’d. 19.183 60 |S, A. Kean, Chicago............. 18 602 60
For description of bonds see C h ronicle of September 24,

1898, p. 656.
Mason County (P . 0. Shelton, Wash.), School D istrict
No. 1.—Further Details o f Bond Offering.—As stated in the
Chronicle of last week, proposals are asked until noon to-day
(October 8 1898), for $2,000 refunding bonds. W e are nowadvised that this issue is to refund bonds falling due October
12, 1898, which were voted 10 years ago, and no provision
made for their payment. The interest will bs payable semi­
annually Principal will mature $500 yearly from 1901 to
1904, inclusive. Bids will be for the lowest rate of interest
at par. This district has a population of about 1,0')0. Equal­
ized valuation of the district for this year is $183,152. There
are $1,200 o f bonds outstanding besides this $2,0 JO, and these
two issues comprise the total debt of the district.
Massillon, Ohio.—Bond Sale.—Oa October 4, 1893, the
$4,000 6i public library bonds were awarded to W. J. Hayes
& Sous, Cleveland, at 108-325. Following are the bids:
W. J. Hayes A Sons. Cleve....$4,333 00 I First Nat, Bank, Bamesville .$1,170 OO1
R. Kleybolte A Co . Cincin..... 4.303 00 First Nat. Bank, Massillon ... Par
Briggs, Smith A Co.. Cincin... 4.281 50 •

Bonds mature $500 yearly on April 1 from 1930 to 1907, in­
clusive. For further description of bonds see Chronicle
Sep-ember 10, 1898, p. 549.
Memphis (Tenn.) School D istrict— Bonds Authorized.—
K a n s a s — B o n d S a le . — T h e f o l l o w i n g s c h o o l d i s t r i c t b o n d s
The Legislative Council has granted permission to the Board
h a v e r e ce n tly been p u r ch a s e d b y th e S ta te S c h o o l F u n d C o m '
of Education to issue $30,000 bonds for the completion of the
m is s io n e r s ;
high school building.
School Dutrlcl.
|
School DUtrict.
No. 21, Osage Co. ..........................$4,*rto j No. 73, Miami Co
..................... $000
Miami County (P . O. Troy), O hio—Bond Offering.—Pro­
No. 87, R .public Co ......................
750 No. 11. T. ihiubb Co ......................
4oo
No. 74, Atchison Co......................
500 1No. 24. c b mtanqua Oo..................
400 posals will be received until October 22, 1898, for $7,000 6%
No. 2. Reno C o .......................... .
75 i No. 43, W abaunsee Co...........
],2oo ditch bonds. These bonds were to have been sold on Octo­
No. 85. Reno Co.............................. 600 No.OJ.C w l e r C o . . . ...................
500
No. 34, Barton Co........................... 1,5(0 1 No. 118. McPherson Co................
500 ber 1,1893, but owing to a defect in the advertisement which
No. 54. Saline Co...................... ..
60o | No. 8. Jewell C o............................
700
N o. M, Cberolcee Co......................
300 No. 53, Republic Co .....................
350 was not discovered until the day on which the sale was to
No. 1, Crawford Co........................ 65 I No. 31, Pratt C o............................. 1,000 take place, the county was obliged to re-advertise the issue.
NO. 53, Crawford Co..................................... 6o0 No. 17,
Pratt C o......
10 >
No. 16, Rooks Co..................................
450 No. —, Pratt Co........................
200 J. T. Bartmess is the County Auditor.
No. 33, Ottawa Co................................
800 ; No. 16, Pratt C o.......................
200
Minneapolis, Minn.—Bonds Proposed.—The Council has
K a n k a u n a , W i s .— P r o p o s e d B o n d I s s u e . — T h e c i t y i s a b o u t
under consideration the submitting to a vote of the people a
t o i? a u t $ 3 3 ,0 0 0 r e l u n d i n g b r i d g e b o n d s .
T h e s e s e c u r it ie s b e
proposition to issue $80,000 bonds for the purpose of con­
c o m e o p t i o n a l D e c e m b e r 8 , 18 9 3 ; t h e y a r e n o w c a r r y i n g 6 % structing a bridge across the Mississippi between Thirtyin t e r e s t.
T h e M i l w a u k e e “ J o u r n a l ” s a y s ; “ S e v e r a l o f f e r s second Avenue North and Twenty-fifth Avenue Northeast.
h a v e b e e n r e c e i v e d t o t a k e t h e m a s l o w a s 4*4% i n t e r e s t . ”
The bonds, if issued, will bear date of June 1, 1899, and are
K n o x v i l l e ( B o r o n g h ) , P a .— B o n d O ffe r in g . — W e a r e a d ­ to mature January 1, 1929. The matter is now in the hands
v i s e d t h a t t h i s b o r o u g h d e s i r e s t o s e l l t h e is s u e o f w a t e r ­ of the Ways and Means Committee.
w o r k s b o n d s w h i c h w e r e a u t h o r i z e d o n A u g u s t 2 3 , 1393, a t
Minneapolis (M inn.) School D istrict.—Bonds Proposed.
p r iv a t e s a le .
T h e y w i l l b e a r 3% i n t e r e s t i f s o l d w i t h i n t h e —The Board of Education has voted to ask the City Council
S t a t e a n d 3*4% i f s o l d o u t o f t h e S t a t e , a n d w i l l b e in d e n o m ­ to submit to the people at the election to be held in Novem­
i n a t i o n o f $ 5 0 0 . P r i n c i p a l w i l l m a t u r e 3 0 y e a r s f r o m d a t e o f ber the question of issuing $200,000 in school bonds.
More
i s s u e , s u b j e c t t o c a l l a l t e r 5 y e a r s . M r . H , A . A s h t o n , B o r ­ money is needed for the erection of new school houses, the
o u g h C le r k , s a y s : “ W e d e s i r e t o m a k e p r iv a t e s a le a n d w o u ld
present income being sufficient for current expenses only.
lik e t o a g r e e u p o n r a t e o f in t e r e s t a n d s e ll a t f a c e v a l u e .”
Minnesota.—Bond Sale.—On October 4, 1893, the $100,000
L a k e O d e s s a ( V i l l a g e ) . M i c h .— B o n d s N o t S o ld .— W e a r e 4% certificates o f indebtedness were awarded to August T,
a d v i s e d t h a t t h e $ 9 ,6 0 0 4% w a t e r b o n d s w h i c h w e r e t o b e s o l d
Koerner, State Treasurer, at 102-98. Following are the bids :
o n O c t o b e r 3, 1 8 9 8 , w e r e n o t d i s p o s e d o f .
L a u r i u m , M i c h .— B o n d S a le .— O n O c t o b e r 4 , 1898, t h e
$ 1 5 ,0 0 o 5% 10 2 0 -y e a r ( o p t i o n a l ) w a t e r b o n d s w e r e a w a r d e d t o
t h e F i r s t N a t i o n »1 B a r k o f C a l u m e t a t 1 0 6 -2 5 . F o r d e s c r i p ­
t i o n o f b o n d s s e e C h r o n i c l e l a s t w e e k , p . 70 4.
L o n g B r a n c h ( N . J . ) S c h o o l D i s t r i c t — B o n d S a le .— O n O c ­
t o b e r I , 1 * 9 8 , t h e $ 1 5 0 0 i 5 % 33 y e a r h i g h - s c h o o l b o n d s w e r e
a w a r d e d t o E . D . S h e p a r d & C o . , N e w Y o r k , a t 117-13 .
L i n n , M a s s .— T e m p o r a r y L a n . — T h e c i t y r e c e n t l y n e g o ­
t i a t e d a s i x - m o n t h s ’ l o a n o f $ 7 5 ,0 0 0 w i t h R o g e r s , N e w m a n &
T o l m a n a t 3% a n d $ 1 0 p r e m i u m .
M c C o m b C i t y , M i s s .— B o n d S a le . — O n S e p t e m b e r 2 1 , 1898,
t h e $ 3 5 ,0 0 0 6 £ w a t e r - w o r k s h o o d s w e r e a w a r d e d t o t h e M e
C o m b C i t y B a n k a t 103.
P r i n c i p a l w i l l m a t u r e O c t o b e r 5,
1918, s u b j e c t t o c a l l a f t e r O c t o b e r 5 , 1903.
F o r d e s c r ip tio n o f
b o m l s s r o C h r o n i c l e o f S e p t e m b e r 17 , 18 98, p . 60 2.
M a d i s o n C o u n t y , ( P . 0 . R i c h m o n d , ) K y .— B o n d O ffe r in g .—
I n th e C h r o n ic l e la s t w e e k w e s ta te d t h a t p r o p o s a ls w o u ld
b e r e c e i v e d u n t i l O c t o b e r 4, 1 8 9 8 , f o r $ 1 1 2 ,0 0 0 r e f u n d i n g
bon ds.
W e a r e n o w a d v i s e d b y .J. T e v i s C o b b , C o u n t y A t t o r n e y , t h a t n o b i d s w e r e t o - b e r e c e i v e d u n t i l O c t o b e r 4,
13 j 8 , b u t a f t e r t h a t d a t e a n d u n t i l J a n u a r y 1, 1 8 9 9 , h e w i l l
?ori rt”a ' n P r o Po s 't m n s .
M r. C o b b s a y s t h a t o n O c t o b e r 4,
1898, t h e y h a d c o m p l i e d w i t h a l l t h e s t a t u t o r y r e q u i r e m e n t s
lo o k in g t o th e r e fu n d in g o f th e se b o n d s .
T h e y w i l l b e a r 4%
in t e r e s t , p a y a b l e s e m i a n n u a l l y , p r o b a b l y i n L o u i s v i l l e . P r i n ­
c i p a l w i l l m a t u r e $ 1 2 ,0 (0 J a n u a r y 1, 19 09 a n d $ 5 ,0 0 0 y e a r l y
t h e r e a fte r .
B o n d s a r e d a * e d J a n u a r y 1, 18 99
M r. O o b b
s ta te s th a t a c o m m itte e w ill p r o b a b ly b e a p p o in te d t o n e g o ­

Bonds Due Bonds Due
in 1903.

in 1902.
August T. Koerner, State Treasurer.............. $1,315 00
W. J. Hayes A Sons, Cleveland ................. 1,120 00
Rudolph Klevbolte A Co . Cincinnati.............. ......
Parkinson & Burr, Boston ............................ 915 00
Df-mson. Prior a Co.. Cleveland.........
782 50
Farmers’ A Mechanics’ Savings Bank. Minn....
735 00
S. a. Kean, Chicago ..............................................
Geo. B. Lane, Minneapolis ......................... . 433 50
First National Bank, St Paul........................ 435 00
State Savings Bank ($25,000 of each issue)
220 00
Chas. T. Miller, St. Paul ($l0,<ki0 of each Issue)
225 00
First State Bank, To«ner ($3,000 due 190-2).... 26 00
Amos squire. St. Paul Park ($1,000 each Issue). Par
K. A. W. i rb-k, St. Paul (»5<K) due 1902)..........
Par
Rosa M. Alair, St. Paul ($5 )0 due 1902)..........
Par
Max Rhapaio, Towner ($10,000 due 1903)...................
A. Z. Putnam Minnieska ($250due 1903)...................

Entire
Issue.

$1,60500 $2.9s0 00
1,54700 2,007 00
2,180 OO
.......
1,16500 2,080 OO
1,00250 1,785 00
1,03500 1,770 00
.......
1 ,000 00
976 OO
54150
27200
285CO
......
Par
......
......
Par
Par

The certificates mature $50,000 July 1, 1902, and $50,000
July 1, 1903. For further description of certificates see
C hronicle September 24, 1898, p. 656.
Missouri.—Bonds Registered.—Oa September 28, 1898, the
State Auditor registered the following bonds :
$1,203 6%School District No. 3, 47. 29 and 30-of Jackson County, dated Sept.
23, 1'98.
2,003 6% 8chool District No. 2, 00 and 31 of DeKalb County, dated Sept. 16,
1898.

M m nt Pleasant, Mich.—Bonds Defeated.—At the election
held on September 21, 1898, the propositions to issue $!0,000
water bonds and $7,500 electric light bonds were defeated.
Natchitoches, La.—Bond Election.—The City Council has
under consideration the calling of a special election to sub­
mit to the people the question of issuing water-works anck
electric-light bonds in accordance with a resent Act of tha
State Legislature.

THE

7£8

CHRONICLE.

[V ol . LXVII,

Npw Kensington, Pa.—Bond S u it .—On Ortober 8, 1893, are advised that the bonds if authorized will be issued “ prior
th<* ^S5,i>X' ;. Mri t : improvement bond* and $15,000 1: sewer to the completion o f the work."
Oneida, N. Y.—Boiut Sale.—On September 29, 1898, $6,00)
bonds were awarded to the Lnmpracht Bros, Co., Cleveland,
at 1M-H4 A hid of 100 ” ’) was received from the Mercantile sewer bonds were awarded to Jose Parker & Co., Boston, s,t
par
for 3-2<A. Following are the bids received, all at par:
Trout Co, of Pi ts«I‘(in;. For description of bonds see ChronJo.w, Parker A Co,. Boston....... 3*20* |Walter Stanton &Co.. New York. 3’6C<
tctJS October 8, 1883, p . 70S,
Bertrtm X Storm, New York......
R. B. Smith A Co..New York..... 3*dW
Sen l.ondon. Conn,—Bonds Authorize I.— At a recent
town rnwtsog the issuance o f $20,000 additional sewer bonds
was authorised.
Men York Cttr.—Rondf* Authorise tL—The Sinking Fund
Commission, on October 9, 1898, authorized the Comptroller
to w li |l,(>oo,000 bonds for tho maintenance of docks and
ferries. The issuance of $4,009 bonds for repairs to the
Twenty second Regiment Armory was also authorized.
Norfolk, Va,—Bonds Authorised.- At a meeting of the
Common Council held October ft, 1898, the issuance of $5,000
Atlantic Bridge bonds, $9.10,090 water bonds and $38,000
bonds for general purposes was anthorized.
Oakmont, l’n.—Bond Sale —On October 5, 1898, the$24,000
1< street improvement bonds and $41,000 4S sewer bonds
were awarded to Robinson Bros., Pittsburg, at 10PORI. A
bid of 100 76 was received from the Mercantile Trust Co. of
Pittsburg. For description of bonds see Chronicle October
1, 1898, p. 705.
Ohio County ( P. 0. Hartford), Ky,—Bond Sale.—On Octo­
ber 1 . lsus, th e$8.0,000 4f refunding bonds were awarded to
N. W . Harris & Co., Chicago, at 100-63. Fallowing are the
bids:

Isaac W. Sherrill. Poughkeepsie. 3*50* I

Oneida County ( P. 0. Utica), N. Y.—Bond Offering.— W t
are advised by W. E. Richards, County Treasurer, that pro­
posals will be received until 12 M. November 1, 1898, for the
$8,0n0 6 road bonds, to which reference was made in the
Chronic:.! of September 24, 1898. Interest will be payable
at the County Treasurer's office, and the principal will ma­
ture April 1, 1S99. This loan is for the purpose of improving
the river road in the town of Denfield.
Oneonta, X. Y.—Bond Offering.—The village will sell at
public auction on October 12, 1898, $15,000 5-20 year (serial
bonds.
Payette Independent School D istrict No. 32, Canyon
County, Idaho.—Bond S ale—On September 24, 1898, the
$8,000 or bonds were sold to W . E. Bell, Spokane, at 102-3375.
Other i idders were Kane & Co.. Minneapolis, who bid par,
less $100 commission; Duke M. Farson, Chicago, at 100-5625,
cud S. A. Kean, Chicago, at 101-275. Principal will mature
$2,000 September 1, 1908, $2,000 September 1, 1913, and 84,000
September 1, 1918. For description of bonds see C hronicle
of September 10, 1898, p. 650,
Perth Amboy, N. J.—Bond Sale.—On October 8, 1898, the
N. W. H.rrt* * Co.. Chicago. 10083 MsidB, Lewis X Co. (less#275dls.).Par following bids were received for the $25,000 i f gold coupon
K KtortooH* 4 Co..andan*lL_100-2A8 I.amprecht Bro*. Co.<less|276di8.).P|U school bonds and $2,000 4* gold paving bonds:
$$#$0Odis.).Par
Sotooiood A Mayor, Ctncin— 100*05<J
Tr».wbrltlgc. McDonald A -N'lxer
Oo^Chlcftiso..-..................... *Par
•And blank bond*.

Drigg*. Smith X Co. (less #600 dls.) Par

Bond? mature 90 years from date of issne, subject to call
after 5 years For further description of bonds see Ch r o n ­
ic l e September 10, 1898, p. 550.i
Omaha, Nell.—Details o f Proposed Bond Issue,—If the
proposition to issue $50,000 paving and $50,000 sewer bonds,
referred to in the last issue of the C h r o n ic l e , is carried at
the election to be held in November, the securities will bear
4< interest, payable at Kountze Bros., New York City, and
the principal will mature 30 years from date of issue. We

S. A . K e a n , C h ica g o..... ...........................................................
W .,r H a y e s a S ous, C le v e la n d ...............................................
E. H . Hollins .t Sons. Boston . .. .........................................
W h an n A ^ eh lesln cer. N ew Y ork .........................................
e r i't . Net! Y o r k . . .. ............................................
N ew Brunsw ick Savings In stitu tio n ...................................
Edward C. Jo n e s Co., N ew Y o r k ....... ................................
Daniel A . M oran & Co.. New Y o r k . . .. . . . . . . . ................
W niter Stanton & Co.. N ew Y o r k .........................................
B e n to n & *torra . N ew Y ork ..................................................
Blodger, Merritt Jfc. Co.. B o s t o n ...............................................

School.

[Paving.

103*60
102*52
104*-*87
102*00
IQ1N1
101*38
101*345
101*00
101*02
J00*76
100*58

.............
101*14
...........
100*75
100*77
.............
101*845
101*04
101*02
100*75
100*28

Ou Oct. 6 the school bonds were awarded to S. A. Kean,
Chicago, and the paving bonds to Edw. C. Jones Co., New
York. The school bonds mature September 1, 1918, and the
paving bonds in 1908.

INVEST M ENT S.

INVE T M E N T S .

IN V E S T M E N T S

G o v e r n m e n t and
M u n i c i p a l Bonds

H I G H - G RA D E

PUBLIC SE C U R IT IE S

State, Municipal, County, School

STHTABL1S FOB

B O U G H T AND SOLD.
AIM-HA!*;

BONDS.

KADI Oft q u o t a t io n *

FURNIHHKl) FOR TOR PURCHASE, SALE. OR
Legal Investments for Savings Banks in New York
SI OHANOK OF ABOVE SBCUU1TIBS.
LIHT 8 on

applica tio n

and all New England.

.

N. W . H A R R I S & CO.,

Rudolph Kleybolte & Go.,

BANKERS

B A N K E R S ,

3 1 HA HUAt? NT. ( B a n k of C om m er ce B id s .)

ADAMS & COMPANY,

No. 1 Nassau Street, New York,
3d and Walnut Street8, Cincinnati, O.
L I S T S M AILED UPON

BANKERS

I N V E S T M E N T B O N D S , Co unty,
M«tot»en» Ot Boston Stock Sxehanjr*.

City,

1)SALEH* IN

A ngeles

Ti action

Co,

S«t Hongas* HI 20-ycar Cold Honda.
Total issue #260,000.
Fir*? Mortgage at #14,000 per mile.
Net earnings for 2Hmontlia of operation, #60.088 04
<KjolvBlunt to 12j#on the total Iague of bonda.
Population of Log Angelo* 108*070.

M unicipal, Railroad,
Street Railway and Gas

BONDS,

Menil for fall description of property.
gyracoar.

V., ftnpid T rn na lt It*way

5m.

NKW YORK. - 1 KA**AU tfTItRBT.
PHILADELPHIA -481 CHftfTIiCT

E. H. ROLLINS & SONS,
IB

Ilk Street. Ronton.

MA S ON , LEWIS & CO.,

W h a n n & S c h le s in g e r ,
M U N IC IP A L

BONDS,

71 BIUMDWAT. SEW YORK,

Co.

M a c D onald
& N iver C o .

1st Not. Bank Bldg.

- -

CHIC A0 0

F. R. FULTON & CO.,

OHIO.

$ 175,000

Los

&

NEW Y O R K
3 5 N a s s a u 8 t«

M U N IC IP A L B O N D S ,

BRIGGS. S M I T H & C O „

E D W A R D C. JONES CO.

Leach

C H IC A G O ,
1 0 0 D e a r b o r n St.

School,

No, 7 Congress and SI State Streets
< I M 1 N \ T J,

Farson,

TROWBRIDGE,

Bonds.

BOSTON

LISTS MAILED ON APPLICATION.

APPLICATION.

State,

DEALERS IN

SAVINGS BANK A N D T R U S T
FUNDS.

HAKKKK8.
H7 Ylftlk Street, Boat on.1
IFt Ln Halle gttect, Chicago,
OFFER FOR BALK:
State of llnwwnc'bimetta........ . ............
En*>tehenter, \r Y*.. . .. .
.. . . . . 4n
t.lnMouhiirj. Conn............ .....................4«
Htown, Yt
........................ .......... 4 ,
Hrno County, Knuaa*............................. 4H*
Lake Count*. j« d .................................... 5s
71omecce. TIL........................... ...............
And Other Desirable Seeurlies.

M
171

unicipal

LA

SALLE

B

onds,
STREET

CH ICA G O .

M. A.

Devitt & Co.,

M U N IC IP A L B O N D S .
F irm N a tio n a l B a n k B u i l d i n g .

C H I C A G O . _________

Blodget, Merritt & Co.,
BANKERS.

I6 Congress Street, Boston
STATE, CIT

&

RAILROAD BONDS

THE

October 8, 1898.]

R ossville (Town), Ind.—Bond Offering.— According ta
local reports the Town Board is offering for sale 8300 bonds
for the improvement of the public school grounds.
Salem, Ind.—Bond Offering.—Proposals will be received
until 10 a . m . October 15, 1898. by the Town Treasurer, for
$11,590 5% refunding bonds. Tsventy-five bonds will be in
denomination of $50, twenty-five in denomination of $100
and sixteen in denomination of $500 each. Interest will be
payable semi-annually. John W . Spauldingis Town Clerk.
Sanger (Texas) School D istrict No. 71).—Bond Offering.
- Proposals will be received and opened “ at any and all times
until bonds are sold’- for $4,000 6,£ school house bonds. In­
terest will be payable at the offiee of the District Treasurer,
and the principal will mature September 25. 1918, subject to
call after September 25, 1903. P. J. Bowers is Secretary of
the Board of Trustees.
Shamokiu (B orough), Pa.—Bond Offering —Proposals will
be received until 7 P . m . October 12, 1898, for the $65 000 4%
street-paving bonds which were voted August 23,1898. In­
terest will be payable semi-annually at the office of the Bor­
ough Treasurer and the principal will mature yearly on Oc­
tober 15, as follows: $2,000 from 1900 to 1903 inclusive,
$2,200 from 1909 to 1918 inclusive and $2,500 from 19L9 to
1928 inclusive.
Sharpsburg, Pa.—Bond Offering.—Proposals are asked un­
til October 11, 1898, for $60,000 4% street improvement bonds.
Shelby County, Ohio Bond Offering.— Proposals will be
received until 12 m. Octobsr 18, 1898. by the Commissioners
of this county for $30,000 6£ county-deficiency bonds. Secu­
rities will be in denomination of $500, dated October 1, 1898;
interest will bs payable January 1 and July 1 at the office of
the County Treasurer. Principal will mature $ ,500 on Jan­
uary 1, 1900, and $1,509 each six months thereafter up to and
including July 1, 1909. Securities are issued pursuant to a
resolution of the County Commissioners passed September
22, 1898, and iu accordance with the provisions o f Section
2834a, Revised Statutes, as amended April 23, 1898(0. L.,
Vol. 93, page 233). Each proposal must be accompanied by
$200 in currency. J. S. Laughlin is the County Auditor,
Sherman, Texas.—Bonds Authorized.—On October 4, 1898,
the City Council authorized the issuance of $40,000 bonds for
various purposes.

Philadelphia, Pa.—Loan Resolution.—On October 6, 1898,
the Select Council passed a resolution authorizing the Mayor
to advertise and offer for sale such bonds as may be neces­
sary to provide funds for public work already authorized
and for which appropriations have been made from the
$11,900,(00 loan.
Plymouth, X. H.—Bonds Proposed.—AX a special town
meeting held September 29, 1898, the question of issuing
$5(j,000 water-works bonds was laid on the table, to be taken
upat a later meeting. These bonds, if authorized, will bear
not more than 4% interest.
Pittsford (N. T .) School D istrict No. 13.—Bond Sale.—
Oa September 22, ls93, $8,000 4£ school bonds of this district
v«re sold at public auction.
Ravenswood, W. Ta. -B on ds V oted—At an election held
Oi September 28, 189S, the proposition to vote bonds for the
Ohio Yalley College carried almost unanimously. The
bonds are voted with the condition that the Methodist
Protestant and United Brethren conferences raise a sum
equal to that voted by the town.
Richwood (V illage), Ohio—Bond Offering.—Proposals will
he received until 12 m . October 21, 1893, by S. D. Evans, V il­
lage Clerk, for the $6,000 6£ coupon sidewalk bonds to which
reference was made in the C h k o n ic l e of September 17, 1898.
Securities will be in denomination of $1,000, dated Septem­
ber 20, 1898; interest will be payable semi annually. Princi­
pal will mature $1,000 yearly on September 20 from
1899 to 1901 inclusive. Bonds are issued pursuant to
Section 2330b of Revised Statutes of Ohio, and of V il­
lage Ordinance No. 175, passed September 2, 898. Indebt­
edness, outside of this issue, $2,225 35. The Village Clerk
informs us they have never defaulted in payment and have
funds enough in the treasury to liquidate all their indebt­
edness.
Roane Comity (P . 0. Kingston), Tenn.— Vo Bonds a t
Prese<d.—It has been reported that the county had under
consideration the advisability of submitting to a vote of the
people the question of issuing bonds for the purpose of liqui­
dating its indebtedness. We are advised that “ the matter o f
issuing bonds is only a probability. Nothing definite has
been done as yet.”

IN V EST M EN T S.

IN V E S T M E N T S .

MISCELLANEOUS.

Mortgage & Municipal Bonds.

GOVERNMENT, MUNIC IPAL
A ND R A I L R O A D BONDS.

THE R. J. WADDELL
INVESTMENT COMPANY,
OP O T T A W A , KANSAS,

C. H. W H I T E

&

CO.,

31 N A S S A U S T . . N E W Y O R K .

Eastern Office, Tweedle Bids.,
Albany, N. Y.
Located In the Went, and having hail long
experience there, we offer special facilities
for the collection and care of the securities of the

AGENTS FOR THE

N ew E ngland Loan & Trust Go.

BANKERS,

A N G L O -A M E R IC A N

B A N K , L t d .,

C h a rin g C ro ss, L o n d o n .

Individual Accounts received subject
to check at sight in London.
Cable Transfers.

W . J. Hayes & Sons,

( Importers’

Rf.KERENCES:

(

& Traders' Nat. Bank,
New Vorh City.
Mercantile Trust Co., Boston.

U nited

DUKE M. FARSON, Banker,

tfunlctpal Bonds.

States

Government

uses the W hiting Papers.

So do the

leading Railroads, Banks, Insurance
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where. If you are not using Whiting's
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They are made in tints
especially recommended for the eyes by
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and

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State Warrants,

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BOSTON, MASS..
Cleveland, O h i o ,
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M U N I C I P A L BO N D 3.
E. C . S T A N W O O D & C o .
BANKERS,

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_________ B Q 8 T O N . __________

Fred. H. Smith,
10. 8 BR O A D STR E E T

NBW Y O R K .

To Net 6%.

STOCKS AND BONDS.

CALV IN PHILIPS,

KARGIN ACCOUNTS SOLIOITMD.

OahU A A driu. “ K E N N E T H .”

TACOM A,

-

W A S H IN G T O N .

CHOICE MUNICIPAL BONDS

from SOUTHERN & WESTERN states,

INTEREST ALLOWED ON BALANCES.
Market Letter on Application. Correspondence
Invited. Established 1868
vil classes of Unlisted Seenrltles and Traction
Stocks Bought, and Sold

yielding 4 to 5%%.
ROSENBERGER & LIVERMORE,
Forty W all Htreet, New York.

William E. Nichols,

S E C UR E B A N K V A U L T S

NEW YO RK

MUNICIPAL W A RRANTS
SEND FOR LISTS

S. A . KEAN,

BANKERS,
IS

W ALL

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NEW

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132 I,a Salle Street, Chicago.

Established 1HH3.
MBMBEH8 OF NEW YORK STOCK BXCHANG*
Allow Interest on deposits subject to sight cbeo»
Buy and sell on commission slocks and bonds eltb*
for cash or on margin, and deal In

CHRONICLE VOLUMES FOR SALE.
WILLIAM B. DANA COMPANY, 78« Pine St.,NT

II. J. Morse. CnAs. D. Marvin. W. M.Kiddhb

OTHER
SE CU RITIES,

MUNICIPAL,

THE

Securities Netting from 3J^ to 6$

BAN KERS,

-

BONDS.

m unicipal

DEALER8 IN MUNICIPAL BONDS

13 W A L L STR E E T.

759

CHRONICLE.

AND

In v estm e n t Necnrltlee.

GENUINE
WELDED CHR

STE EL AND IRON.

Round and Flat Bars and 5-ply Plates and Angles
FOR SAFES, VAULTS, Ac.
Cannot be Sawed, Cut, or Drilled, and positively
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CHROME STEEL W ORKS,
Kent Ave., eap A Hooper Sts.
Sole Man’f’ers In th
BROOK LYN, N. V

THE

'6 0

CHRONICLE.

Smftlitown School D istrict (P . 0. Kings Park, N. Y . Jkmti Offering. —Thu district will offer at 11 a . sc. to day
(October S. im »S), at public s ilo, in Forester's Hall (Kings
Parks, J-\5o0 5s school bonds, Secoritles are in denouiinal
t.ioa of $3.V!; interest wilt be payable annaally. Principal
w ill mat are $250 y e» rlv on December 31 from 189!) to 1908,
inclusive. The school district proper tv is valued at $335,904 53.
Somerville, Mass.—Temporary Loan —The city has ne­
gotiated a six months’ loan of $ICO,009 with Blake Bros. &
Co,, Boston, at 2*93A.
South Omaha, Xeb.—Bond Sate.—Local papers report that
the $17,‘ 00 <J; refunding bonds recently authorized have been
sold to Frank J. Moriartv at a premium.
Lot m Au<hori:.t,—lo o n ie s to meet the district improve­
ment bi.ada which matured October 1, 1898, the Mayor and
City Treasurer were authorized by the Conncil to borrow
$'j ooo from one of the local banks. This loan will be paid
by the proceeds of the sale of district funding bonds.
Springfield, Ohio, —Bond Election—At the fall election,
the question of issuing $.'0,0i)0 bonds for a new station, patrol
and workhouse will be voted upon
Siracuse. N. K.—Temporal g Loan.—The city has nego­
tiated a loan of $118,000 with Blake Bros. & Co., New York,
at 3-7‘ s. Loan matures December 2. 1893.
Tazewell t’onnty (P . 0. Pekin), 111.—Bond Election.—An
election will be held in this county for the purpose of sub­
mitting to the voters the question of issuing $20,000 connty
building bonds.
Toledo, Ohio.— Proposed Bond Issue.— According to local
report, this city will soon issue bonds for ihe paving of sev­
eral different streets.
Tulare County (Cal.) Linwood School District— Bond
S a l e .— The $950 87 gold bonds of this district which weatated
iu the Chronicle of September 10, 1898. had recently been
voted were sold to A. H. Ghiseock, Oakland, at 107. In
writing us o f the sale Mr. E. A. Mav, County Treasurer,
says: ‘ The time in which these school bonds are offered for
s.-u- is so short that New York buyers have no opportunity.”
Fj rone. Pa. - Proposed Purchase o f Oas and Water Plant.
—The Conncil has passed a resolution offering the Tyrone
Oas & Water Company *90.000 for their property and fran­
chises. Bonds were voted in July, 1807, for this purpose,

OF NEW YORK,
Equitable Building, 120 Broadway.
Extract from By-Laws of the Audit Company
of New York.

Acting Prealdeut.
Flc©-*Pl«rtd»nt.
AUGUST BELMONT,
WILLIAM A. NASH.
Manager*
Chief Consulting Auditor
THOMA8 L. GRBKNR.
STEPHEN LITTLE.
Con.vult.ing Engineers.
W. II. PARSON.*.
F, 8. PEARSON.
Chief of Gotm of Eng*rx. Socrctanr and Treasurer.
URNKY B. SEAMAN. EDWARD T. PERUSE.
D IR E C T O R S :
A u g u st B elm ont,
A . J . C ftM itt,
tfT w lerlc P. O loott,
M a rcella s H a rtle y
Jam*** S tillm a n ,
C harle* R* F lint,
W illia m A . N m Il
Georg© C op p ell,
J o se p h 8 , A uerbach.,
G . B. M. H a r v e y ,
■George O . H a v e n ,
J oh n I. W a terb a ry ,
G e o r g e W . Y ou n g .
A D V I S O R Y C O M M IT T E E
o f S to c k h o ld e r a :
W, B a y a rd C u ttin g ,
T. J e ffe rso n C o o ll d g e jr
W a lte r O , Oak m an ,
C har tea S. F a irch ild ,
A. D. J n lllla rd ,
G u n tav E. Kitmel,
H enry W. p o o r,
la an c N, Belt gin an,
Don is F U xgera id,
R o b e r t M a c lay.
T h e A n d it C om p a n y ex a m in ee an d rep orta
a p o n th e accounts* and fin a n cia l c o n d itio n o f
co r p o r a tio n * , co p a rtn er*h ip * an d in d ivid u a l*,
and e x a m in ee a n d re p o rt* u p on th e p h y sica l
c o n d it io n o f ra ilro a d , m a n u fa c t u r in g and
T ib er p ro p e rtie s .
ft* iterrle*-* a re o f v a lu e t o In v estors, flnand a l in n u ta tion *, b o rro w e r* o f m o n e y , A trectors
>f co rp o ra tio n s , m erch an ts, firm s an d p u r
eb a*er» o f p ro p e rtie s-

Bank and Trust Company Stock*
New York and Brooklyn
B O liG H T AN D SOLD.

C LIN T O N

G IL B E R T

‘A M AI.I, ST , SEW TO RK .

and it is stated if the company do not accept the $90100
offered proceedings will be instituted to take the works uder
provision of an Act of the Assembly.
Upshur County (1*. 0. Buckhannon), IV. Va.—B< n.d &>etion.—An election will be held in this county to vote on tie
question of issuing $40/00 court-house and jail bonds.
Versailles, Ky.—Bond Election. —At the election to be hid
in November the question of issuing $4 000 bonds for the pvpose of erecting a public-school building for the colored ch dren of the city will be voted upon. The question was votd
on last year, but failed to carry.
Walnut Grove (V illa g e), Minn.— Bond Sale.—On Septem
bar 28, 1898, the $3,500 6 / water-works bonds were awarded t
J. D. Cleghorn & Co.. Minneapolis, at 100 714 and blanl
bonds. Following are the bids :

J* D.CIeghnrn& Co«Minnoa’lifi.rl 00*701 I Minnesota Ltoan & Trust Co..
Duke M. (•'arson, Chicago__ *100*60 I Minneapolis....................... 100*00
Kune Sc Co., Minneapolis ...... ♦100,571 I E.W. Poet & Co., St. Paul....... 100*00
*1-8*00
W. J. Hayes & Sons, Clove
100*2y5 |s. A. Kean, Chicago.........
* Bid includes blank bonds.

Principal will mature $700 yearly on June 1 from 1899 to
1903 inclusive. For description of bonds see Chronicle of
September 17, 1898, p. 805.
Ward, Col.—Bonds Voted.—At- the election held on Sept­
ember 27, 1898, the proposition to issue $12,000 water-works
bonds was carried by a vote of two to one. The Council will
at once issue the necessary bonds, and as soon as they are
negotiated bids will be asked for.
Warren County, N. Y.— Bond Offering.—It is stated that
proposals will be received until October 11, 1898, for $12,000
county bonds.
W ollston, Ohio.— Bonds to he Issued.—W e are advised by
the City Clerk that the city will issue about January 1, 1898,
bonds for the purpose of improving streets. Securities will
be dated December 1, 1898, and will bear
interest.
W ellsville, Ohio.— Proposed Bond Issue.—The question of
issuing $15,(00 of bonds to extend the water-works system is
under consideration.
Bond E lection—At the general election in November the
question of issuing $75,000 sewer bonds will be voted upon.
West New York (P . 0. Guttenberg), N. I . —Loan Nego­
tiated.—This town nas borrowed $10,000 at a% to meet over­
due improvement certificates from the Hudson Trust & Sav­
ings Institution of Hoboken on a demand note.

ittnauctal.

Y iu a n c ta l.

I h e Au d it C ompamt

[V ol. LX VI.

1850.

g a rth s.

1898.

The United States Liie
Insurance Co.

FIRST

NATIONAL

OF

BANK

M IL W A U K E E .

91,000,000
££50,000
IN THE CITY OF NEW YORK.
Transacts a General Banking and Foreign Exchange
Business. Collections receive Special Attention.
All Policies now Issued by this Company
contain the following clauses t
OFFICERS:
‘ •After one year from the date of Issue, the F. G. Bigelow, Pres’t.
F. J. Kipp, Cashier.
liability ol the Company under this policy VVm. Bigelow, Y-Prest. T.
E. Camp, Ass t Cashier.
•ball not be disputed.”
F. E. KRUEGER. 2d Ass't Cashier.
“ This policy contains no restriction what­
ever upon «h© Insured, in respect either of
travel, residence or occupation.**
All Death Claims paid WITHOUT DIS­
COUNT as soon as satisfactory proofs have
been received.
CAPITA L,
SURPLUS,

San Franciseo.

Active a n d S uccessful A g en ts, w ish in g to r e p r e ­
sen t this C om pany, m a y com m u n ica te w ith
R J C U A R D E . O O C H R A X , d V ice-P resid en t,
at the H om e Office,
B ro a d w a y , Nexo Y ork .

201

3

The First National Bank
O F SAX FR A N C ISC O , CAL,.

UNITED STATES DEPOSITARY
Capital, 81,.500,000 I Surplus, 81,000.000
8.
G.
M
ithpbv
, President. JA8. K. Lynch, Cashier
GEO It OK H. BIIRFORD.......... ...President
GKO O. w illiam s ....................... Vice-President James Mopi-itt, V.-Pres. J. K. Moppitt, Ast. Cash.
General Banking Business. Accounts solicited.
C. P. PRALKILH...................... 2d Vice-President
RICH ARI) B. COCHRAN........... 3d Vico- president
A. WHEELWEIGH 1 .............................. Secretory
J L. KENWAY .......................Assistant secretary
WILLIAM T. STAMIEN........................ Ar*u«ry
ARTHUR C. PERRY..... .................
Cashier
NEW ORLEANS, LA.
JOHN P. .MUNN..........................Medffcai 1)1rector
(Successor of N, O, Canal & Banking Co.)
FINANCE COMMITTEE:
CAPITAL, 81,000,000
GKO. G. WILLIAMS............Pro*.Chom. Nat. Bank
JOHN J. TUCKER............................... ... Li111Idor J. C. MORIUS, President. EDWARD TOBY, Vice
1JAMES
:. H, PKRKINB. Jit... Pres. Imp. &Trndor#’ Nut. B Is.
Pres.
®DGAR NOTT. Cashier.
Leather
It. PLUM......................
Correspondents—National City Bank, Nntlona.
Bank of Commerce, New York; boatmen’s Bank St.
Louis,' N. w National Bank. Cblciwoi Merchants'
B A N K IN G HOUSE OF
National Rank. Boston
officers:

Canal Bank,

H A IG H T &, FREESE,
68 BROADWAY, NEW YORK.
Boston* rtf, state 8Lj Philadelphia, 102 Walnut BL
Execute orders In Stocks, Bonds, Grain, Cotton
and Provision* on the New York, Philadelphia, Bos*
too and CUPago Grain and Stock Exchanges for investment or to bo curried on margin of 3 to 5 per
Oent »t moderate rates of Interest and 1-16 commis­
sion. InIf rest allowed on margins and deposits sub*
Ject to check at sight.
DETERMINING THE FINANCIAL RE.
NPONHISlLITY OF TIIK FIRM WITH
WHICH YOU DEAL 18 AM IMPORTANT
AIM HKLKCT1NG THE RIGHT HTOCKH.
Private wires !o Boston. Philadelphia and Chicago
Branch Office, 1J3‘J Broadway, New York

k of ch arlesto n .
Ba nNATIONAL
BANKING ASSOCIATION

,' .A
. ,PIT
„ mAL............................................
. , C U A K L E ! >T O N - SO* C A R . *300 000
surplus ...................Ixoo ooo

W. Hampton Wade,
a t t o r n e y -a t

8% VANXA.il, G E O R G IA .
Nino yearn i>ra<jtloe in Alabama.
Six years in Georgia.
Corporation Daw a Specialty.

T H E FIVASiCIAL R E V I E W

Robert R. Lockett,
A U S T IV , T E X A S ,
A T T O U S K V -A T -tA W ,

-l a w ,

ANNUAL-1898.
Price , 2

00 .

To Chronicle Subscribers, ,150.

WILLIAM B. DANA COMPANY. 7«H Pine St., N