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,
,
finanrtal
nmmerna
Quotation -Supplement (m,m^
Street Railway Supplement <^ta«ty)
Investors Supplement (om^i
State and City
(Entered aooordlng to Act of Congress, In the year 1900, by the William B.
VOL.
Dana Company,
SATURDAY, SEPTEMBER
71.
1,
Supplement §*&*&
In the office of the Librarian of Congress.]
NO. 1836.
1900.
Week ending August
Clearings
at—
PUBLISHED WEEKLY.
1900.
Terms of Subscription— Payable in Adrance:
For One Year
$10 00
For Six Months
6 00
13 00
European Subscription (including postage)
7 50
European Subscription Six Months (including postage)
£2 14s.
Annual Subscription In London (including postage)
do.
SlxMos.
do.
£1 lis.
do.
Above subscription inoludes—
Street Railway Supplement
Thb Quotation supplement
State and City Supplement
The Investors' Supplement
(Per Inch Space.)
Advertising—
Terms of
Transient matter
$4 20 Three Months (13 times).. $29 00
" ).. 50 00
Six Months
standing business cards.
(26
" ).. 87 00
Two Months
(8 times).. 22 00 Twelve Months (52
I
|
London Agents:
Messrs. Edwards <fe Smith, 1 Drapers' Gardens, E. 0., wiU take subscriptions and advertisements, and supply single copies of the paper
at Is. each.
WILLIAM
B.
DANA COMPANY,
671,308.012
Philadelphia
Pittsburg
Buffalo
Wilmington
Bingham ton
Total Middle
Boston
Providence
Hartford
New Haven
Springfield
Worcester
Portland
Fall River
Lowell
New Bedford
Eng...
Cincinnati
Detroit
Cleveland
Milwaukee
Columbus....
Indianapolis
CLEARING HOUSE RETURNS.
Peoria
Toledo
Grand Rapids
The following table, made up by telegraph, etc., indicates Dayton
Bvansville
that the total bank clearings of all the clearing houses of the Youngstown
United States for the week ending to-day, Sept. 1, have Springfield, 111
Lexington
been $1,170,636,013, against $1,209,949,507 last week and Akron
$1,512,247,691 the corresponding
week
Kalamazoo
Saginaw
Rockford
of last year.
Publication suspended.
Springfield, Ohio...
Clearings.
Returns by Telegraph
Week Ending September
1900.
1899
P. Cent
Jacksonville, 111....
Tot. Mid. West'n.
San Francisco
New York
Boston.
Philadelphia
Baltimore
66,460,107
$729,921,578
98,526.433
66.288,207
69,270,689
12,945,165
16.146,788
Chicago
St. Louis
93.984,449
91,573.756
22 320,230
21,800,000
4,500,368
4234,745
New
Canton
1.
$539,661,224
Orleans
-26-1
-32-5
-18-7
—19-8
+2'6
+2-4
+6'3
Salt
Lake City
Portland
Los Angeles..
Seattle
Spokane
Tacoma
Helena
Fargo
Sioux Falls
Total Pacific
Seven cities, 6 days
Other cities, 6 days
Total
all cities,
AU cities,
Total
1
6 days
day
all cities
for week.
$793,159,748
175,497,622
1971,657,370
198,978,643
$1,170,686,018
$1,031,473,689
168,471,862
-22-8
+4*2
Kansas City...
Minneapolis...
Omaha
Paul
$1,199,945,861
-190
St.
312,301,840
-36 3
Joseph
Des Moines
$1,512,247,691
-22-6
Denver
St.
Davenport-...
Sioux City
,
,
,
,
Wichita
Fremont.
Hastings
,
,
,
Tot. other West..
St.
Louis
New
233,234
836,068
221,760
130,108
173,032,550
18,014,513
1,926,323
1,859,661
1,909,321
2,181,762
1,042,641
1,010,000
487,675
198.887
128,182
28,781,465
15,246,784
9,426.969
5,646,961
4 175,052
3,815,646
3,728,473
912 349
Topeka
The full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot,
of course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated,as we go to press Friday night.
We present below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, August 25, and the results for the cor-
126,573,198
109,971,298
11,894.950
6,845,385
9.818,628
6,151,294
4,477,400
2,691,326
1,805,620
2,234,800
1,048,300
793,497
790,324
233,088
404.471
315,519
868.900
806.251
1,430,:! 66
2,019,723
1,842,071
809,987
1,027,730
749,017
398,100
Rochester
Syracuse
Scranton
Chicago
YORK.
69,584,868
119.892,679
18,869,100
7,122,697
9,968,951
5,149,827
4,784,000
2,884,479
1,952,871
2,087,255
1,084,457
988.929
714,526
261,170
353,214
294,684
439,400
373,146
31,465,457
14.793,856
4,466.739
Washington
Albany
New
803,657,627
87,910,964
4,716.100
1,724,798
1,107,492
895,388
1,084,845
897,089
552,974
446.267
249,001
972,668,142
79,495,574
22,606,876
20,236,813
4,244,0^1
1,605,892
2,085,242
3,018,397
834,146
1,035,420
698,991
281,700
1.108.S00.774
112,179,667
5,668,600
1,766,461
1,267,780
1,049,892
1,173.624
1,978,017
590.386
464.785
405,986
73,867,461-
Baltimore
Total
Publishers,
Pine Street, Corner of Pearl Street,
POST Office Box 958.
NEW
New York
1899.
Orleans
Louisville
Galveston
Houston
Savannah
Richmond
Memphis.
838,028
982 89]
989,335
624,009
103,875
187,471
46.662,748
28,107 688
6,465,101
6,078,970
2,050,500
2,600.000
2,932,436
2,526,645
Nashville
Norfolk
Augusta
Knoxville
Fort Worth
responding week in 1899, 1898 and 1897 are also given.
In comparison with the preceding week there is a de- Birmingham
Macon
crease in the aggregate exchanges of ninety-four million Little Rook
Chattanooga
dollars, the loss at New York being
sixty-five mil- Jacksonville
Total Southern.
lions.
Contrasted with the week of 1899 the total
Total all
for the whole country shows a decline of 20-4 per cent.
Outside N.York..
Compered with the week of 1898 the current returns record Montreal
Toronto
a decrease of 0-4 per cent, and the excess over 1897 is 14-8 Winnipeg
Halifax
per cent. Outside of New York the decrease from 1899 is 1-7 Hamilton
St. John
per cent. The excess over 1898 reaches 18 9 per cent, and Victoria
Vancouver
making comparison with 1897 the gain is seen to be 27-7 p. c.
Total Canada,
,
14.797.937
2,028,658
1,454,543
1,626,018
1.870,697
1,075,000
678,960
636,893
263,265
123,576
24.854,746
13.291,686
8,118,343
5,471,872
4,092.906
8,146,789
8,092,629
1,106.315
766,613
727.288
518.557
501.361
80,551
117,822
1,209.949,507 1,620,451.007
538.641,496
12,693 180
7,565,190
2,164.021
1,419.838
642,684
697,475
689,364
655,405
26,827,157
—213
547.782,885
14.134.108
8,077 4* 1
1.751,775
2,826,989
637,356
693.979
697.663
964,855
29 781.931
1,867,839
858,531
771,444
626.0^4
281,200
1,234,048
769,002
920,189
686,674
295,000
887,679.73<
728,770,741
74,010,076
3,808,900
1,532,355
1,094,016
069,827
1,121,767
1.850,719
733.818
464.088
830.920
107,523,577
92,474,191
10,276,450
5,633,792
8,355,785
4,726.791
3,863,500
3,779,931
1,488,245
2,220.744
777.995
635.189
586,250
271,848
830,484
85.348,488
93,133,191
10,173.250
5-569,810
7,301,085
4,238,183
2,999,700
2.153,018
1.643,239
2.122,208
733,187
668,092
982.9-!8
275 640
+27*4
+21-9
316,900
327,891
232,700
289,948
'H6 3
+20-8
167,192
243,279
181.S00
163,946
256,763
140,000
135.915.695
12.928.652
1,511,423
1.880,491
1.088,535
1,165.308
603,112
793,632
551,261
163.K11
91,798
132 142.373
+90
+16-6
+4*0
+70
-003
+8*9
+68
+81
-6 6
+8*4
+18*3
—9-6
+120
—12'6
-67
:
-05
-15-8
+8*6
+21-9
-50
+27 8
+17-1
+16-6
-3
1
+33
—23*4
-247
+2-5
+15-8
+14-7
+16
2
+3-2
+208
+2P3
+20 4
-17 6
+5 8
20,272,123
11181,488
6,869,423
6,868,388
8.330,277
2.534,266
2,483,829
859,440
620.486
+85-1
760 727
+870
613.1 '1
454.015
87,377
+46
+28 6
+16 7
+134
-0 8
+60 6
59 637.543
1,418671
936.268.157
56,095,169
15,887,551
15,403,692
8,762,575
1,423,804
550.518
501,899
865,180
1,SJ48,779
68.330,254
1897.
95,069.501
4,161,400
1,670,038
1,391,609
1.388,071
1,123,364
1,306.702
-6'2
-18-5
-27 9
—8-0
659,947
686,020
717,016
446,000
873,716
855 681
179,600
1898.
762,047.005
63,682,012
18,532,319
14.613,181
3,613,451
41,057,710
28,346,494
6,828,536
7,456,159
2.845,150
8,826.812
2,621 147
1,222,268
1.003,563
1,055,265
929.448
649,879
440,784
897,448
556,110
387,000
244,492
268.079
210,185
1.445.496
1,078.732
1.020.6H2
992,660
713.458
Atlanta
221,979
278,698
228,900
154,528
159,527,036
1900
P. Cent.
35.
—8'6
+182
+7-5
-33
+6-8
+29-9
+27
-238
+28 9
+15*2
+62-8
+3 2'6
-14 8
—2-8
-20-4
—1*7
—102
—6-3
+23 6
-49 6
+0-8
+05
—1 2
—09
+10
62.195
35 724 767
22 001,389
5,121,220
5,115,947
2,908,550
1,911.146
1,609,788
2,668,324
1,011,496
857.229
824,077
791,b63
884,365
447,972
887,402
855.991
293,000
263,451
293.145
188,188
16.185.416
1,336.215
1,828.474
999 862
768,658
508.410
601,097
480,000
47.771
37,029
23 721.732
11,579.191
8,575.615
4,663.088
3,141,202
2,066,338
1,179,064
800.000
516,637
532,614
636.183
877.782
107.894
89 326
84,819.797
25,160,861
6,064 390
4,804.268
8,770.360
2.285.123
1,463.314
1,681 815
1,110 334
860.485
890 684
764 686
446,053
5C0 697
665 868
394.266
560,000
213 128
278,703
145.879
60.864 282
053.964 938
47922 532
.215,038,431
481657.176
10,608 284
452 991,426
12.747.213
7,186 013
1,304.666
1,011,632
578,132
646,658
28.478 614
179.970
6 8O0U00
1,181.866
1,060.807
513617
621,150
tj
20.080.614
THE CHRONICLE.
414
dend
[Vol. LX21,
of 2 per cent
on
its
preferred stock, payable Oct.
One per cent was distributed on these shares in
March of last year, being the first dividend on the
15.
THE FINANCIAL SITUATION.
With almost nothing doing on our Exchange and same, but nothing has been paid
in the interval since
nothing of interest stirring in the business world ex- then. It should be noted that the present declaracept politics, there has seemed to be a disposition in tion is distinctly called a semi- annual dividend, so
some quarters this week to make the most out of a evidently
regular periodic
it is
among
the
felt
that a
distribu-
anthracite
disgruntled
tion can now be maintained.
Earnings the previous
Tuesday,
miners numbering, it is said, 140,000 men.
year were sufficient to provide for the full 4 per cent
however, the Mine Workers' Union held two sessions, dividend to which the preferred shares are entitled had
discussing their grievances, and resolved to ask their such a course been deemed advisable.
For the eleven
executive committee to authorize a strike in case a months to May 31 of the late fiscal year (the figures
fair and amicable settlement was not reached within for the full twelve months are not yet available) the net
ten days. We do not assume to know the full merits improved over four hundred thousand dollars as comThere are, though, a few pared with the corresponding eleven months of the
of this particular case.
stubborn facts which are beyond question and which year preceding.
indicate clearly that a strike at this date would be a
The other company which has made a new dividend
very untimely action, would enlist nobody's sympathy is the Central of Georgia. This company has just
worth having, and must necessarily fail, because the declared 3£ per cent on the outstanding first prerailroad or mining company that increased its ex- ferred income bonds.
In October of last year the
penses under present circumstances and prospects payment was only 2 per cent and the previous year
would be doing an extremely heedless thing.
the payment was also only 2 per cent. The amount
The facts and circumstances we refer to are obvious of the first preference incomes is $1,000,000. There
to everyone engaged in business or who has any consid- are also $7,000,000 of 2d preference incomes and
erable acquaintance with financial affairs. All depart- $4,000,000 of 3d preference incomes, but nothing has
ments of trade have suddenly passed out of a year of ever been paid on these. In years gone by the Cengreat prosperity into a condition of decided depres
tral of Georgia was one of the prosperous systems of
sion from a state of general confidence to one of the South.
When it came under the control of the
Prices of nearly every kind of manufacture Richmond Terminal people it got into difficulties,
distrust.
from being high are again low, and in most cases are and in 1895 the property was sold at foreclosure and
Consumption from being abnormally the present company organized. Mr. John M. Egan
still declining.
active has become sluggish and transactions have cor- is now the President of the company, and under his
respondingly decreased. Besides all this, no business management the road is slowly but surely forging
man can know to-day where this depression will stop. ahead.
The hopeful features are (1) that haviLg passed
through a season of great prosperity our industries
The annual report of the Chicago Great Western
are in a better condition than usual to withstand the Eailway Company, which
we print at length on substrain of a severe set-back, and (2) that there are im- sequent
pages, shows a continuance of the prosperity
portant industrial interests such, for instance, as are which
has
been such a marked feature in
represented by the farmers of the West and the plant this company's affairs in all recent years. The
which are in an unusually satisfacers of the South
state
of affairs
—
—
—
further addition
tory shape, having reaped a good surplus from their
crops in 1899 and having the promise of receiving pay
Ing prices for their products this year also. But over-
hanging the future, and overhanging the affairs of
every merchant, manufacturer, agriculturalist, and,
indeed, endangering every man's savings, be it little
or much, is the black cyclonic storm-cloud of BryanNo one can find a hole deep enough to hide
ism.
away from its threatenings. Each enterprise and each
These
individual's work and savings are at risk.
words we believe to be in no degree extravagant, but
Can any wage-earner hope to improve
literally true.
his condition by striking when every employer is beset
with dangers which force him to economize? His employer, if a safe and careful manager, has not only
to meet the conditions of to-day, but to prepare
months
to
gross
receipts
the
in
twelve
June 30 1900 was $853,297,
or 14*54 per cent, and the further addition to net
ending
earnings was $306,590, or 17-82 per cent.
In the
period of depression succeeding the panic of 1893
the road's
gross
revenues
earnings
only $819,349.
fell
were
From
off,
and
1894 5 the
for
$3,636,098 and the net
but
this
an
there was
increase
in the gross to $4,709,820 in 1895 6, to $5,386,043 in
1897-8, to $5,867,739 in 1898-9
in 1899-1900.
to
$1,399,577
$1,924,223
in
and now to $6,721,037
The net from $819,349
in
1895
1898-9
6,
in 1894-5 rose
to $1,608,671
and now to
i
a 1897-8, to
$2,230,814
in
In the five years, therefore, net inover 170 per cent.
But this is not the
1899 1900.
creased
only direction in which improvement has occurred.
The physical and financial condition of the property
future of those conditions can
has also been greatly improved in the interval. One
bring. Is it not clear that a strike instituted while
financial operation of the year in particular deserves
these surroundings exist could not meet with the
mention. The company is organized in accordance
sympathy of any one outside of the party of de- with English methods, and during the year the 5 per
etructionists ?
cent Sterling Priority Loan of the old Chicago
for the
worst the
Paul & Kansas City, amounting to $2,823,150,
Announcements of new or increased dividends, and which was the only mortgage indebtedness of the
based on the prosperity which the roads enjoyed dur- company, was called and paid off. The company,
ing the twelve months ending last June, are becoming therefore, now has no mortgage debt whatever, though
The
less frequent in the railroad world. This week, how- it has some equipment obligations outstanding.
ever, two such announcements have been made.
The permanent capital of the company is entirely made up
St.
Chicago Indianapolis & Louisville has declared a
divi-
of stock, divided into four classes,
namely 4 per cent
'
—
.
September
THE CHRONICLE.
1, 1900.]
debenture stock, 5 per cent preferred stock A, 4 per
cent preferred stock B, and common stock.
Links East or
Pittsburg.
of the net earnings of $2,230,814 for the late
year, the company was able after meeting taxes, rentper cent on the debenture
als, &c, to pay the full 4
Gross earnings
Operat'g expenses
Oat
stock,
and
the
full
5
stock
A,
and
balance
of
$143,783.
preferred
surplus
also
yet
per
on the
forward a
cent
carry
President
Stick-
the year
earnings during
ney says that the
were limited by the motive power and cars which
the company possessed, that the carrying capacity has
now been increased, and that hence there seems no
reason why the new fiscal year should not record another advance in earnings equal to the increase
past.
An advanjust
of the twelve months
had in its expense
tage which the company
The report tells us that
accounts deserves mention.
in the last two years 169 miles of track have been relaid with heavy 75-pound steel rails; yet the charge
for renewals of rails was but $29,270 in 1898-9 and no
more than $15,611 for 1899-1900. The explanation is
found in the fact that the order for the rails was
given when prices were still low ($19 00 per ton) and
that by the time the rails were delivered the price
had advanced so that the company was able to sell the
old rails taken up at about $10*00 more per ton than
July-
Net earnings.
115
1900.
1899.
1898.
$
6.790,095
6,081,695
5,163,295
5,480.395
5.258,595
5,415,895
4,575,604
4,250,534
3,460,864
3,668,664
3,795,964
3,855,664
2,214,481
1.831,131
1.701,431
1,811,731
1,462,631
1,559,831
t
in:>7.
1896.
1805.
f
Jon. 1 to July 31.
47,611,406 39,230,606 36,525,606 35,069,906 85,5*8,870 84,974,170
Gross earnings
Operat'g expenses 33,151,686 28,916,125 <!6,285.425 24,776.825 26,588,683 25.768.988
Net earnings..
14,457,881 10,314,481 10,240,181 10.293.081
8,975,187
9,206,187
There has been no change in the official rates of
discount by the banks at any of the European centres
Open market, or unofficial, rates at Lonthis week.
don have been somewhat sensitive to the movements
of exchange in our market, but at other centres the
discount rates have remained steady to firm. The
statement of the
New York
Associated Banks last
week showed an increase of $5,091,500 cash, of which
$4,608,300 was specie and $483,200 legal tenders.
The loans were increased $2,518,700, carrying this
item to $817,402,300, or the highest on record, while
there was a gain in deposits of $7,038,500, to $901,356,300, against $914,810,300 March 4 1899, the maximum figure reached. The surplus reserve was increased $3,331,875, now standing at $23,888,925.
Though the payments at the Sub-Treasury in this
city of checks for the redeemed extended 2 per cents
have been smaller than they were last week, they have
the cost of the new rails. Of course a similar advantage will not exist the present year. On the other nevertheless contributed to augment the cash in
hand the expenditure on the equipment in the late the banks. The payments on account of the reyear ($618,311) was equal to 11*8 per cent of the en- demption of the 2 per cents in the six days
August 31 were $1,872,282 36, making
ending
been
with those of last week $7,177,190 70. The total
through these and previous years' outlays,
thought
it
is
redemptions reported from Washington up to the
brought to a high standard of efficiency,
the equipment can now be maintained with reduced close of business on Thursday, which included the
above, were $17,238,850 of the outstanding $25,364,expenditure.
500 when the call for redemption was issued May 18.
of
month
the
return
for
Railroad
Pennsylvania
The
The applications for the exchange of fundable bonds
July has been issued this week. As expected, the into the new 2 per cents amounted at the close of
gains are now becoming smaller, but any gains at all business on Thursday to $330,421,050.
must be regarded as satisfactory considering the exMoney on call, representing bankers' balances, has
tent of the improvement a year ago. In July of 1899
lines
of
Eastern
gain
in
gross
on
the
uniformly
loaned at the Stock Exchange during the
there was a
$919,400 and a gain in gross on the Western lines of week at 1£ per cent and at 1£ per cent, with the bulk
tire
cost
of the same.
Rolling
stock having thus,
making together $1,678,600. The present of the business and the average at 1£ P© r cent. Banks
year for this month there was a further increase of and trust companies quote 1£ per cent as the mini$708,400 in gross on the Eastern lines, which cer- mum. It may be observed, however, that bank money
tainly is a satisfactory addition, but there was usually stands undisturbed, and for this reason it is
Bora small decrease ($52,900) on the Western lines, regarded in the nature of a short- time loan.
making the gain in srross for the combined rowers are willing to pay a higher rate than they
system $655,500, following the gain of $1,678,600 last would if they expected to return the money the
year.
The decrease on the Western lines may be sup- next day, and in many cases banks obtain 2 per cent
posed to reflect the shutting down of iron and steel for such accommodation. Where bank balances are
plants, and also in part, no doubt, it is to be ascribed left unemployed toward the close of the day they are
to the very poor winter- wheat crop raised the present offered on the Stock Exchange and loaned at the ruling
season in the Middle Western States. Augmented rate of 1£ per cent. There is little or no business
expenses are a feature of the returns both on the in time loans. The transactions in stocks are of such
Eastern and the Western lines; for example, on the limited volume on the Stock Exchange that commisWestern lines the loss of $52,900 in gross has been at- sion houses require very little money for short periods
$759,200,
v
tended by expenses enlarged in the sum of $224,300, producing a decrease of $277,200 in net.
Oa the Eastern lines the addition to expenses
has been $325,100, leaving $383,300 gain in net.
Subtracting from the latter the loss in net of $277,200 on the Western lines, we get $106,100 as the gain
in net on the combined system.
Last year in July
it is proper to say, the combined gain in net was $461,100.
The following furnishes a six-year comparison
and such requirements will, it is regarded as probable,
continue to be easily met in the call-loan branch of
the market.
In some cases borrowers are somewhat
anxious to make provision for periods beyond the election, and therefore about the only business done is for
four to six months.
Quotations are 3 $ per cent for
sixty to ninety days and 4@4£ per cent for the abovenoted longer periods on good mixed Stock Exchange
collateral. The market for commercial paper is chiefly
for the lines east of Pittsburg
the only portion of the confined to out of town, city banks doing little or
system for which we can make such a comparison.
nothing and reserving their funds for the accommo-
—
...
THE CHRONICLE
416
dation of their customers.
The bulk
the business
The supply of
of
[Vol. LXXI,
$1,346,425 in part settlement for this gold,
It
was
announced yesterday that the Moana, which left Syddone is with buyers in Western cities.
paper is good, with some very acceptable names offer- ney, N. S. TV., August 29, for San Francisco, has
The Canadian Bank of Coming, and there does not appear to be any accumulation. $2,750,000 in gold.
merce
enday
has
ninety
received
Rates are 4@4£ per cent for sixty to
$1,000,000 and the Bank of British
dorsed bills receivable, 4f@5£ per cent for prime, North America $500,000, during the week, in drafts
with fully 90 per cent of the sales at 5 per cent, and representing Yukon gold deposited at Seattle and at
5@6 per cent for good four to six months single names. San Francisco for their account.
Nominal rates for exchange have been uniformly
Military operations in South Africa have been active maintained by all drawers at 4 85 for sixty-day and
during the week. On Sunday General Roberts en- 4 88£ for sight. Rates for actual business opened on
gaged the Boers over a perimeter of nearly thirty Monday at a decline of one quarter of a cent all
miles, resulting in the capture of General Oliver, com- around, compared with those at the close of business
manding the Boer forces atjWinburg. On Monday on Friday of last week, to 4 84 @4 84^ for long,
the British defeated the Boers at Machadodorp, the 4
87i@4 87f for short and 4 88@4 88i for cables.
enemy retiring with the loss of their guns and ammu- The tone was easy and it so continued on the follownition.
Owing to the nature of the ground and the ing day, though then the only change in rates for
advantageous positions occupied by the Boers, offensive actual business was a, fall of one- quarter of a cent in
operations are reported difficult.
The news from long, to 4
83f@4 84, short and cables remaining unChina indicates an early withdrawal of the allied changed. The market was steadier on Wednesday.
troops from Pekin to the coast, in order to give On Thursday rates for actual business in long adopportunity for the return to the Chinese capital of vanced one- quarter of a cent to 4 84@4 84£, while
the Empress Dowager, the Emperor and the members short and cables remained unaltered. The tone was
of the Tsung-li-Yamen and the opening of negotiations steady to firm on Friday, and actual rates for long
between the Powers and the Chinese Government. and for cables advanced one- quarter of a cent. The
The Bank of England minimum rate of discount following shows daily posted rates for exchange by
remains unchanged at 4 per cent. The cable reports some of the leading drawers.
bank bills
discounts of sixty to ninety
day
MON.. Tubs.. Wed., Thtjr.. FBI..
FBI..
The open market rate
in London 3f per cent.
Aug. 24. Aug. 27. Aug. 28. Aug. 29. Aug. 30. Aug. 81.
85
85
85
86
86
4 85
at Paris is
2f per cent and at Berlin and Brown Bro.
488%
88%
88%
88%
88%
88%
Frankfort it is 3f per cent.
According to our Baring,
60 days. 4 85
86
86
85
85
85
88%
Magoun & Co.. Sight... 4 88%
88%
88%
88%
88%
special cable from London the Bank of England Sank British
85
86
85
86
85
60 days. 4 85
Sight...
4 88%
88%
88%
88%
88%
No. America,.
88%
gained £2,014,821 bullion during the week and held Bank of
85
85
60 days. 486
85
86
85
{&&
<
{
(
.
(
J
£35,370,220 at the close of the week. Our correspondent further advises us that the gain was due to the
Canadian Bank
of Commerce.
Heldelbach, Ickelhelmer & Co.
.
88%
88%
88%
88%
60 days,
4 88%
4 85
88%
f
85
85
85
85
85
<
Sight...
488%
88%
88%
88%
88%
88%
(
60 days,
4 85
86
85
85
86
35
4 88%
Sight...
88%
88%
88%
88%
88%
import of £1, 948, 000, of which £1,898,000 were
8
485
85
86
85
86
85
GazardFreres...!!
4 88%
88%
88%
88%
88%
88%
bought in the open market, mostly from United States,
60 days
4 85
85
Merchants' Bk.
86
85
85
85
•>f Panada
JSieht.... 4«8«
R8W
88%
88%
88%
88%
and £50,000 from Australia, to the receipt of £92,000
net from the interior of Great Britain, and to £25,000
The market was firm on Friday, with rates for
exported to the Cape.
actual business 4 84^@4 84£ for long, 4 87^@4 87| for
The foreign exchange market has been moderately short and 4 88|@4 88£ for cables. Commercial on banks
Influenced by lower discounts in 4 83f@4 84 and documents for payment 4 83£@4 84^.
active this week.
London early in the week and by fairly liberal offer- Cotton for payment 4 83^@4 83£, cotton for acceptings of commercial drafts against cotton and grain, ance 4 83|@4 84 and grain for payment 4 84£@4 84£.
1
^
;
(
long sterling declined and at the same time short
sterling grew easier in the absence of demand for remittance. Later, discounts in
London
recovered, and
The following gives the week's movements of
money to and from the interior by New York banks.
Received by
Shipped by
Net Interior
was reported that the Bank of England had renewed
Week Ending August 31, 1900.
Movement.
If. T. Banks. N. T. Banks.
its offer of advances, free of interest, on gold in tran15.487,000
Gain. 12.151.000
13,336.000
sit, indicating some urgency in the demand for the
(.44.000
480.000
Gain.
1,124,000
metal.
Concurrently there was an inquiry to remit for
Gain.
$6,611,000
12 631.000
J3,9S0,000
stocks sold for European account and for coupon and
Result with Sub-Treasury operations
other settlements, and the whole market gradually
Into
Out of
Net Change in
Week Ending August 81, 1900.
Banks.
Bank Holding*.
Banks.
grew firmer. Though the above-noted action by the
Bank of England might influence exports of Banks interior movement, as above f 6.61 1,000 $3,980,000 Gain. (2.631.000
20.000,000
Gain. 2,200,000
22,200,000
S nb-Treasur y operations
gold
were rates for exchange to advance, it
121.811000
123.980.000
Gain. 14,831.000
Total gold and legal tenders.
regarded as unlikely that shipments will be
is
The following table indicates the amount of bullion
made unless there shall be the additional inducement
in the principal European banks.
of the payment of a higher price than is now offered
August 30, 1900.
August 81, 1899.
The cotton bills which have come
for the metal.
Bank of
Gold.
8Uver.
Gold.
Bilver.
Total
Total.
upon the market this week are against shipments of
X
*
*
X
4
*
the new staple and moderately large amounts of grain
36,370.230 85,733.546
35,738.848
35,370,220
Angland
Receipts of gold at the Cus- franoe
bills have been offered.
89.998.194 45,455,230 135.453.424 77,076,118 47,900,606 124.976,724
29,371,000 ie;i8i.ooo 44,502.000 87,297.000 14,062,000 41359,000
tom House during the week, $31,761. The Assay Germany
78,898,000 7,655,000 86,553,000 94,314,000 5,255.000 99,599.000
it
tiussia
paid $829,777 43 for domestic bullion. The
Mariposa, which arrived at San Francisco on Friday
Office
of last week, brought
$1,750,000 gold from Sydney,
The New York Sab-Treasury yesterday
paid San Francisco Mint checks to the amount of
N.
S.
W.
A as. Hnng'y.
87,724.000
Spain
13,680,000 16.902.000
Italy
15,438.000
1,669,000
Netherlands..
4,870.000
5,922.000
Sat.Belgm...
8,811,000
1,405,000
9,972.000
47,696,000 30.609,000 10,60S,000
30,591.000 18,960.000 13,^92,000
17,107.000 15.620.000 1,394.000
8,742.000 6.030.000
10.792.000
2.8H4.000 1,447.000
4,218,000
41,202,000
26,662,000
16.923,000
8.781,000
4,341,000
lot. this week 308.169.414 104111230 412,280.644 299,174,664 100302606 J99 567.870
Tot. orev. w'k 305.6(10 881 103"544«4 400.061.881 300.3*5 »m IO1H74R40 403.840 f
September
1.
THE CHRONICLE.
1900.]
AMERICA, RUSSIA AND
It is possible that the highly interesting diplomatic
incident in the Chinese crisis which has come to light
this week will turn out to be the solution of the com-
plex situation.
itself or
United
under reasonable limitations, its policy would be governed by that of Great Britain and the United States.
It seems to us, therefore, that the prospects of a
in the direction of peace has,
peaceful solution of this complicated affair are bright-
The overture
States for joint action
with the assistance of other Powers.
France, it has been assumed, would co-operate with
Russia.
As for Japan, it is taken for granted that,
China
CHINA.
417
of Russia to the
advanced the situation to a point where ened more than could have been expected by Russia's
move. The suggestion of that Government that the
it is possible to see light ahead.
That the diplomatic position was radically altered allied troops be withdrawn from Pekin, and that Li
from the moment of the rescue of the ambassadors, Hung Chang be recognized as Plenipotentiary, is
was evident to everybody. That single object having open, doubtless, to more than one explanation. Rusbeen accomplished, nothing remained to assure unan- sia, for one thing, has diplomatic reasons for taking
imity of purpose on the part of the Powers. Nothing a position which, in case of a restitution of the
had ocourred to dispel the uncomfortable misgiving Chinese rulers, would give it the right to claim the
This supposition, we are aware,
that some, at least, of the European governments position of a friend.
China
until
they
stay
in
could
were planning to
oc- conflicts with the lately prevalent theory that the two
cupy permanently their slice of Chinese territory. It Powers were technically at war. But the situation
was commonly reported that Russia, whose Asiatic do has now changed rather radically, and it is only
minions had been actually invaded by the Chinese, re- reasonable to keep in mind the continuous diplomatic
garded itself as openly at war with China, and the policy of Russia, for some years past, to ingratiate
movement of Russian troops into Northern Manchu- itself with the existing^Chinese Government and keep
ria was rather generally accepted as the first step in in touch with the administration at Pekin.
It is
an outright seizure of territory. Germany oocupied, quite possible, also, that Russia, emerging from a
and still occupies, a peculiar position because of the series of bad agricultural seasons and trade reaction,
murder of its ambassador. Emperor William's im- and burdened with several large financial enterprises
pulsive speeches to his soldiers could hardly be inter- in Northern Asia, may have strong personal reasons
preted except as pointing to his intention of carrying for wishing to avoid a prolonged campaign. If either
on a prolonged and aggressive campaign against of these motives exists, or both of them, we hardly
China, and in Germany they were quite universally see how the situation can be affected for the worse.
accepted as meaning that. Japan was well understood On the face of things the overture of the Russian Govto be smarting under the loss of the fruits of its vic- ernment in behalf of peaceful negotiations with China
tory over China in 1895, and to be disposed to make is scarcely compatible with the idea of immediate and
the most of its present opportunity. Aside from forcible seizure of the Northern Chinese provinces.
these particular points of doubt, it was quite possible
The difficulties of the situation do not end, of course,
for any nation whose citizens and property had been even in case the Powers agree to enter on negotiations
attacked in China to assert its claim to an indemnity for a settlement. Even the United States Governand announce its purpose of seizing and holding Chi- ment has stipulated, in its circular letter of July 10,
nese territory until the indemnity was paid.
that for " wrong done to our citizens we propose to
The Russian proposition, forwarded to Washington hold the responsible authorities to. the uttermost
on August 14 and published last Thursday, simplifies accountability."
The British Government has not
the situation very greatly. The Russian note to the committed itself as to whom it deems to be the
United States, published in full yesterday, bluntly authoritative Chinese Government, and Mr. Brodrick,
declares that Russia, having "no designs of territorial in his speech of Wednesday, was careful to stipulate
acquisition in China," and having advanced into that the Government, "while prepared to preserve
Northern Manchuria purely "for military purposes," British trade with China, will claim some penalty or
will retire its troops both from there and from South- indemnity for the damage wrought."
The problem
ern China, provided the other Powers acquiesce, and of indemnity cannot be avoided, and it is difficult to
will await resumption of diplomatic relations with a see how that problem can be kept wholly distinct
new Chinese Government. Russia's appearance in this from the question of territorial claims. The doubts
at all events,
is clearly of the highest importance, not only because the intentions of that Government had been
role
Government over the actual status of
the Government of China foreshadow demand for
of the English
most doubtful, but because its announced adherence action in the case of the Empress, who is in many
to the policy of peace throws so great a weight into quarters held guilty of complicity with the Boxer rethe balance against aggressive hostilities as to make bellion. The jealousy between England and Russia
probable an early settlement of the trouble. Prac- in Chinese diplomacy has caused some not unnatural
tically, this action commits to the policy of peaceable irritation in Great Britain on the first news of the
adjustment all the Powers but Germany. The United "entente" between Washington and St. Peterburg,
States Government officially, early in the episode, de- and the diplomatic traditions of the two governments
clared its purpose of restricting our own military oper- may cause some clash in later negotiations.
This is a
ations wholly to "rescuing the American officials, diplomatic pathway full of pitfalls; nevertheless the
missionaries, and others who are in danger," and first step, it appears to us, has been wisely and for"affording protection to American life and property." tunately taken.
Mr. Brodrick, the British Under Secretary of State
The position of the United States is to a considerfor Foreign Affairs, and the spokesman of the Foreign able extent defined
by the wish of our Government to
announced last Wednesday that Great fulfill at the earliest possible date the pledge of its
" prepared to support the loyal viceroys original declaration of policy, and withdraw its troops
of South China who have stood aloof from this insur- from China.
Probably the Administration would
rection," and that it could not undertake to govern prefer to have this question settled, or at all events
Office, publicly
Britain was
—
THE CHRONICLE.
418
our country's relation to it assured, before the politiThis is a natural and reasoncal campaign is over.
able wish, because, in the heat of an electoral canvass
in which the issue of Imperialism already has become
prominent, the presence of American troops in China
is likely enough to be seized upon as an argument by
some of the opposition. The argument could not be
employed with fairness, because the necessity for the
despatch of American troops to Pekin was recognized
unanimously by our people, and because, also, intelligent public opinion is unanimous in approving the
policy of our State Department throughout the
As a first step to the holding of
Chinese crisis.
responsible authorities accountable for the mischief
done, it was necessary to establish diplomatic relations
Li Hung Chang was for
with some Chinese
many reasons the obvious intermediary in such nego.
tiation; indeed, it will be remembered that our Government officially declared, in the note of July 10,
long before any accrediting of Li by the Empress, that
*'so long as the local provincial authorities are not in
official.
overt collusion with rebellion, and use their power to
protect foreign life and property, we regard them as
representing the Chinese people, with whom we seek
peace and friendship." This declaration, it seems to
was inspired by remarkably sagacious foresight of
the very situation which has now arisen. The fact
that our Government thus declared itself six weeks
ns,
ago makes
present attitude perfectly consistent.
It does not by any means follow, in our judgment,
that by entering on peace negotiations we commit
its
ourselves in advance to any distinct arrangement. The
fact that Li Hung Chang, with whom we negotiate,
bears the credentials of the Empress, does not estop
the United States, or any other Power, from subse-
quently demanding her removal. To submit to a
ruler terms of peace, conditioned on his own abdication, is nothing new in diplomacy, and in this very
phase of the matter it is most fortunate that our Government, itself" disinterested, is now cooperating
frankly and cordially, not only with Great Britain, but
with Great Britain's diplomatic rival, Russia. The
United States certainly does not, by its co-operation
with Russia in this first step for rehabilitation of order
in China, commit itself to any ulterior plans of
Russia. Least of all does our Government surrender
one jot of its original demands for equal trading rights
in the Chinese ports and an "open door." In assuming such consequences some of the London papers
yesterday fall into a wholly needless error. So far
from making any such concession, the relations now
established between the United States and Russia are
such as to make a future American demand for fair
play in trade with China far more imperative than a
mote from Downing Street. This is the best imaginable guaranty of good faith among the Powers and
harmony of purpose.
Germany, and Italy along with
-of
ultimate
it, will doubtless still
stumbling-blocks
in the nebe regarded
Under present circumstances it is imgotiations.
as possible
portant to keep in mind two responsible public declarations of policy made on July 12, two days after the
On
that day Count Von
announced,
in
behalf of Germany,
Biilow
that " we desire no partition of China and seek no
special advantages." On the same day Italy's Foreign
Minister declared in the Chamber of Deputies that
" the Cabinet has no political intentions towards expansion or intrigue in China."
American note was
officially
issued.
[Vol. LXXI.
SOUTHERN RAILWAY REPORT.
As each additional annual report of the Southern
Railway Company comes to hand and shows a continuance of the progress which has marked the affairs of
the concern almost from the day of its organization,
one is impressed anew with the wonderful results
that have been accomplished.
The Southern Railway, as is known, is successor to the old Richmond &
West Point Terminal combination, and the reorganization was the work of J. P. Morgan & Co. or (as the
firm was then known) Drexel, Morgan & Co.
Mr.
Morgan's whole life has been devoted to the
work of rehabilitation, either in the railroad
or
the
financial
world.
But
we
are
sure
he never had a more difficult, a more complex and apparently a less promising task than when he undertook to put the peculiar and discredited assortment of
roads making up this system in a condition where it
might render effective transportation services to the
public and net some small return to the discouraged
owners. Others would have shrunk from the task
in fact they all did draw back, several attempts at reorganizing the concern having previously failed, so
that in common accord every one turned to Mr. Morgan as the one person who could carry out the work
of reorganization with any assurance of success.
When the firm finally agreed to formulate a scheme,
the obstacles to be overcome seemed almost insuperaThe late Mr. C. H. Coster, to whose lot it fell
ble.
to arrange the reorganization, gave his time to the
work day and night.
It is testimony to the wise way in which things were
planned that, from the wreck of the Richmond Terminal confederation, there has arisen one of the
strongest systems of the day; for the Southern Railway, as it stands to-day, is certainly deserving of the
appellation of a "strong system." Its financial condition
is
of course of the best.
But physically it has
the remark of all those
been reconstructed. It is
who travel over the system that the transformation in
It
this respect has been as complete as in the other.
must also be considered to have been a happy
move to have placed such a capable management in charge of the property as those who
Everyone will
have been in control of its affairs.
also
recognize the benefit
to
the security holders that
has accrued from the reorganization. But has not
the whole South also been equally benefited? Who
can estimate the advantages that have resulted from
the improved services that the road has been able to
give as the result of
its
reconstruction and rehabilita-
tion ? The transformation, too, came at a most opportune time, a time when the South was on the eve
of an industrial development exceeding anything ever
known in that part of the country and a development
which the Southern Railway has done so much to promote.
Since the Southern Railway was formed, its mileage
The new additions
has been very greatly enlarged.
seem to have been secured on advantageous terms, and
hence its prosperity has increased rather than diminOn June 30 1895 the system comprised 4,392
ished.
On June 30 19C0 it embraced no less
miles of road.
In both 1893-4 and 1894-5
than 6,431 miles.
mileage fell short
gross earnings on the old
1899-1900
dollars.
For
the total
of 18 million
on an average of 6,306 miles was over 31 million
In the late year alone the increase was $5,dollars.
September
THE CHRONICLE.
1, 1900. J
President Spencer, to whose skilled management so much iB due, presents a table in the report giving a comparison between the last two years
847,183.
—
on substantially the same properties that is eliminating from the comparison the differences arising from
the changes in mileage, nearly a thousand miles of
road having been added during the late twelve
months. This comparison is useful as showing how
much
of the expansion in revenues in
this
particular
period has followed from a growth in
from an increase in extent of road operated.
and not
In brief,
found to have
traffic
the gain in gross earnings in this way is
been over 3£ million dollars ($3,504,690), or 12-65 per
In the net the further improvement on the
cent.
same basis was $800,119, or 9*34 per cent.
A measure of
the company's prosperity
is
of course
419
return that has accrued to the security holders from
this expansion in the income of the company has
been in the payment of the 6 per cent dividend on the
small issue ($3,500,000) of class
for $210,000.
The remainder
"A" debentures,
calling
of the additional profits
went to improve the physical and financial condition
of the property, such improvement counting obviously
as a substantial advantage to the security holders,
even though they got no return in the way of income.
Of course there was at no time any thought of a dividend on either class of stock, but it was supposed not
unlikely that some payment might be made on the
Class B debentures, whose outstanding amount is
But from the report now submitted it
$26,500,000.
is apparent that, owing to the company's needs, such a
payment was out of the question. Furthermore, a
found in the surplus reported for the twelve months critical survey of the situation makes it evident that
after allowing for expenses and all fixed charges. there will have to be a further substantial increase in
This surplus for 1899-1900 is given as $2,917,251. earnings before these debentures can hope to receive
The corresponding surplus for 1898-9 was $2,094,519 dividends.
and for 1897- 8 it was but $1,007,013. At $2,917,251
As we have before pointed out in these columns,
is a weak point in the affairs of the Wabash
which the $60,000,000 of preferred stock is entitled. Railroad. It occupies a strong position in the heart
The payments of dividends, however, out of the year's of the country and has been well managed, but those
earnings will aggregate only $1,800,000 (1^ per cent administering it are seriously handicapped by a depaid last April and 1£ per cent to be paid the coming fect in its financial organization. When the property
October), thus leaving a balance of $1,117,251 to be was reorganized in 1889 not enough heed was given
carried forward to the credit of profit and loss.
to the future, and no provision made for capital recompany
are
stalled
The accounts of the
with great quirements from year to year. In all the more recent
clearness and also with great fulness.
The liabilities reorganizations of railroad properties this point has
of every character of all subordinate companies been carefully looked after, and a reserve in bonds
operated as a part of the system, whether leased or provided which can be availed of from time to time as
owned, are shown in the balance sheet, and treated as there may be call for it. Not so in the case of the
liabilities of the Southern Eailway.
All changes in Wabash, which is practically helpless in that regard,
debt, in mileage, in construction, etc., are set out in having no bonds it can put out to raise money for addetail and at length.
The company has no floating ded capital, except where a new line may be built
debt, and has had none since its organization.
and a specific lien on such line can be issued and disThe payments for new equipment during the year posed of, as happened with the Des Moines Division.
amounted to $1,568,968. Of this only $137,368 was
If additional equipment or track or other facilities
charged to capital account, all the rest being charged are required, the management hence have no recourse
the surplus
is
equal to almost the full 5 per cent to there
to operating expenses or to reserve accounts created
except
through charges to expenses to provide for equipment
renewals. These heavy expenditures for new equipment charged to expenses reflect, the report tells us,
the company's policy of improving the condition of
its rolling stock and of increasing the average capacity of its freight cars and the average efficiency of
they
locomotives
without increasing its capital account.
Aside from the $137,368 charged to capital
account for new equipment, the only other charge to
that account was $620,727 for construction and real
its
making a little over three quarters of a
million as the total charges to capital account during
the year.
The company is still in need of more equip-
estate,
to
are
and thus
use
earnings for the purpose
available;
if
not,
to
up a floating
always objectionable
burdened with a debt of this
course
is
run
—provided
borrow on notes,
debt.
This latter
The Wabash was
kind in the depression of a few years ago.
Doubtless such debt
could, in large part at least, have been avoided, if
the management had not felt it absolutely essential
to adhere to its policy of making extensive improvements and betterments in order to bring the property
up to the high standard of competing lines. At all
events, when times improved and earnings expanded,
the first opportunity was taken to get rid of the floating obligations; and this is the fact to which we have
ment, and provision has been made for the lease and reference when we say that the position of the comultimate purchase, under a car-trust plan, of 83 loco- pany is better financially, as well as physically, than
motives, 3,450 freight cars, and 50 passenger, baggage a few years ago, and that the junior securities have
and express cars, deliverable this year.
correspondingly more merit, even though no dividends are paid on them.
POSITION OF WABASH RAILROAD.
Having so recently disposed of the burden of a
Like practically all United States railroads, the floating debt, it would obviously have been folly to have
Wabash had a very successful year in the twelve months incurred a new one. Nor, having due regard to the
to June 30 1900, but unlike most other roads its en- exigencies of competition and the future of the Walarged income did not enable it to distribute any con- bash property, could the management have called a
siderable extra amount among its security holders. halt on the policy of providing needed additions and
During the last two years the gross earnings of the improvements. As President Ashley well says, this
company have risen (in part, but only in part, as the policy demands the completion of plans for bringing
result of the opening of its through line to Buffalo) the physical condition of the Wabash system up to the
from $13,207,862 to $16,440,990. The only direct standard of first class lines, and to provide rolling
THE CHRONICLK
420
[Vol.
LXXI
stock adequate to meet the requirements of a con- age made on the Wabash lines during the year of 185
Inability to comply with million miles, almost 105 million miles was made by
stantly increasing traffic.
such demands would diminish the competing power foreign cars and only 85 millions by Wabash cars. On
Under the other hand the mileage made by Wabash cars on
of the Wabash in the ratio of the deficiency.
these circumstances the Directors, he states, have
not hesitated to authorize liberal outlays from earnings in order to enable the lines of the Wabash to
other roads was less than 40 million miles.
At the
same time it is significant of the great expansion
which has occurred in the company's traffic that this is
compete with other first-class systems. The propo- the situation, notwithstanding the capacity of the
sition, he well says, reduced to its simplest form, freight equipment on June 30 1900 was 348,837 tons,
presented the alternative of losing instead of gaining against only 235,074 tons on June 30 1889.
We stated above that it appeared likely that a furtraffic if the requirements of shippers could not be
ther substantial increase in earnings would have to
met.
The direct deduction from income during the year take place before dividends could be counted upon on
This conclusion is based on the
for additions to property is given as $223,664, which the Class B bonds.
would not be a very large item standing by itself. fact that the cost of the 3,500 new cars will all, it
After taking that sum out, the surplus for the twelve would seem, ultimately have to come out of earnings.
months, above the requirements for charges and the At $700 per car, the 3,500 cars would cost in the neighdividends on the Class A bonds, is only $210,099, borhood of 2£ million dollars; payment is to be made
which latter sum is not quite equal to 1 per cent on in 72 equal monthly notes, though the company has
the $26,500,000 of Class B bonds. In view of the com- the option of anticipating the payments if a new
pany's peculiar position as concerns capital require- method of financing the operation should be dements, as explained above, the management evidently sired. We have shown above how heavy the outlay
acted with prudence in not undertaking to make any was for new cars in the late year. On account of the
Of course, in purchase referred to the requirements the current
distribution on the debenture B bonds.
addition to the $223,664 charged as a separate item year will be still heavier. Mr. Eamsey figures that
against income, large amounts were appropriated for the increase will be $21,117 per month, which would
betterments and improvements and included in ex- make a little over a quarter of a million dollars inpenses.
We shall not undertake to analyze the crease for the year.
In the operating department excellent results are
seeing
to
the
view
with
accounts
expense
being
attained.
For instance, in the late year the
how much increase has occurred under each
head in comparison with similar outlays for the year freight train mileage was actually reduced slightly,
preceding. The work of improvement has been going though the road moved 257 million tons more of freight
on for a long time, and hence a comparison of the one mile. The following will show what has been
latest year with the year preceding would fail to show accomplished during the last few years in the way of
the full extent of such outlays, since the movement increasing the train-load and augmenting the earnings
has been a progressive one. A few citations, however,
from the report will serve to give an idea of how
really extensive this work was in the late year.
of the freight trains.
The Wabash
realizes very low
the average per ton per mile the last two years
having been 5*58 and 5*53 mills respectively, and atrates,
amount spent for repairs of engines tention is called in the report to the fact that the
(including $197,261 paid for new engines) was only earnings per ton mile are now less than the cost of
Thus the
total
In exact figures it rendering the service per ton mile in the year ending
was $996,769, which is equal to $2,323 per engine for June 30 1895.
Miles run
Bate per
Earnings
429 engines, the average number on hand during the
Tons
by
per train Train
ton
one mile.
trains.
per mile.
mile.
load.
twelve months. Nothing is needed beyond the an5-58 mills
1900. .1,902,881,278
291
7,075,158
$1 50
nouncement of this average per engine to indicate 1899. .1,666,830,054
5-53 "
255
129
7,101,324
6-24 "
216
6,306,504
135
how very heavy the outlays here have been. Or take 1898. .1,365,693,174
a
trifle less
repairs of
than a million dollars.
cars
(passenger and freight)
on
which
$1,180,453 was spent in the late year, against $754,684
Vice-President Kamsey points
in the year previous.
out that the expenses of this department in 1899-1900
as in 1898-9 were away above the normal first, on account of the charging out of amount carried in suspense for new dining cars and coaches; second, putting
on of safety appliances, couplers and air brakes, steam
heat, &c; third, new freight cars, and, fourth, postal
and combination cars. The total amount on account
of these items, he states, was $741,557.
In the case
of maintenance of way we will not attempt to go into
particulars beyond saying that repairs of track
counted for $704,884 in the late year, against $598,224 the year previous and $593,001 the year before.
The company last March gave contracts for 3,500
additional freight cars, which were to be delivered by
September 1, and President Ashley lays stress on the
urgent need there was for this added rolling stock.
lie refers to the shortage of cars that existed all
through the year. On that point, however, certain
—
statistics in the report are absolutely conclusive.
instance,
we
find that out of a
grand
For
total of car mile-
1897. .1,149,989,024
1896. . 1,218,785,3 V7
1895. .1,100,976,202
5,402,191
6,313,782
6,245,391
661
696
'«
1
"
134
7-21
"
1
40
27
213
193
176
Considering the difficulty under which the management have labored, the foregoing is really a marIn five years the train-load has been
velous exhibit.
raised from 176 to 291 tons and the trains now earn
$1 50 per mile, against only $1 27 in 1895, though in
the interval the rate received declined from 7*21 mills
to 5*58 mills.
ITEMS ABOUT BANKS, BANKERS AND TRUST CO'S
—The sales
of
which
of
bank stocks this week aggregate 45 shares,
were sold at the Stock Exchange and 10
35 shares
The sales of trust company
at auction.
of 45 shares, all sold at auction.
Shares.
Banks— i^to
York.
10 Mercantile National Bank
*10 Ninth National Bank
Price.
200
80
Bank
188
Trust Com panies— A"ew> Vork.
20 North American Trnet Co
201
26 U. 8. Mortgage* Trust Co.... 450
*25 Oriental
stocks reach a total
Last Previous Sal(Aug. 1>>99— 194 1*
90
July 1900—
Feb. 1900— 189
Aug. 1900— 203»»
Mar. 1900— 510
'Sale at the Stook Exohange.
—Quite recently the National Park Bank of this city hi
an inquiry from Europe regarding the probabilities of su<
cessfully placing in this conntry a loan for $10,000,000 c
bonds issued by the Government of Sweden. Tbe bank a*
September
vised with
its
1, 1900.]
THE CHRONICLE.
correspondents, but the results of such inves-
The bonds which it is proposed to
place in this country are dated August 15; they bear interest
at the rate of 4 per cent per annum for ten years and thereafter at the rate of Z% per cent, and the Swedish National
Debt Office, through which the bonds are issued, binds itself
not to redeem the securities before August 15, 1920. The loan
is created by the above-noted National Debt Office by reso.
tigation are not stated.
June 28 under authority of the regulations passed
by the Swedish Diet on May 14, which regulations received
royal sanction June 29. The loan is made largely with a
view to the construction of railroads in the kingdom. The
security of the bonds appears to be ample; the issue price of
98, the rate of interest and the term of the bonds would seem to
make them desirable for investment, and the loan would proba.
bly be a success should the National Park Bank undertake
to place it. The bonds, it is thought, would be largely taken
by natives of Sweden resident in this country. It is reported
that the bonds were originally offered in London, but for
some reason not assigned, though probably because of the
offerings of domestic loans of more importance, the loan was
lution of
attention to the increase in the case of the larger institubut the smaller concerns have also been keeping pace
For instance, we observe that the
with the movement.
tions,
&
Trust Company of Jersey City for
People's Safe Deposit
July 1, 1900, reports deposits of $1,500,894, against $1,278,293
on January 1, 1900, $1,066,347 on January 1, 1899, $759,279 on
January 1, 1898, and but $437,050 on January 1, 1897.
—
The annual election of the Boston Stock Exchange is to
be held on September 24. Mr. John Parkinson has been selected by the Committee on Nominations as a candidate for
President, Mr. C. C. Jackson as nominee for Vice-President,
and Mr. Sidney Chase for Treasurer. A year ago Mr. E. D.
Bangs was elected President and Mr. Sidney Chase Treasurer.
—Mr. C. F. W. Dillaway and Abbott W. Lawrence, formerly of Dillaway & Starr, have formed a copartnership
under the name of Dillaway, Lawrence & Co., with offices in
Post Office Square, Boston.
IParajetarsii ®Bmmjwti&l^U8lishMzxvB
[From our own correspondent.]
not successful.
—James
Speyer, of the well-known banking firm of Speyer
& Co., returned from Europe this week much benefited by
his prolonged vacation.
—
The stockholders of the Continental National Bank of
Chicago on August 23 voted on the"proposition to increase
the capital from $2,000,000 to $3,000,000, to provide for the
expansion in the bank's business. Out of the total of 20,000
shares, 18,274 were represented at the meeting and voted in
favor of the resolution.
—Another bank is to be organized in Cleveland, to be called
Bank & Savings Company. A charter has been
the Union
issued by the Secretary of State, and it is expected that the
new it stitution will soon start, with a capital of $200,000. The
organizers are Henry C. Christy, President of the Colonial
National Bank, of Cleveland; F. E. Dilley, Jacob A. Raugh
Charles Babcock, John Rock, J. J. Phillips, all of Cleveland'
and J. Sterling Morton of Bedford. It is stated stock sub'
scripticns are to be limited to blocks having a maximum of
$2,500 each.
—According to the St. Louis " Globe- Democrat," East St,
Louis is soon to have a trust company. The institution will
be called the East St. Louis Trust Company, and will be
$500,000.
The men behind the enterprise
have appointed Ex-Congressman W. S. Forman'
M. M. Stephens and W. K. Murphy, of Pinckneyville, a
committee of incorporation. East St. Louis is in Illinois,
and the concern will be incorporated under Illinois laws.
capitalized for
it is stated,
—The St. Louis " Globe Democrat " also reports that the
stockholders of the Missouri Trust Company of Sedalia, Mo.,
met on Monday of this week for the purpose of voting on a
proposition to increase the capital of the company to $1,000,and to remove the principal [office to St. Louis. The
is now $200,000.
Because of the failure to secure a
suitable building in St. Louis, and for other reasons, the
meeting was adjourned until Sept. 10.
000,
capital
—Mr. Arthur T.
J. Rice, who for forty- five years was connected with the National Broadway Bank of this city, lost
his life this week as the result of an accident while bathing
at Brighton Beach. Mr. Rice entered the bank while quite
young and advanced step by step until he reached the position of Second Vice President, from which he retired two
years ago. He was also trustee of the Dry Dock Savings
Institution.
—Thomas J. Powers, Commissioner of Banking for the
State of Pennsylvania, was killed by falling from a train in
the outskirts of Philadelphia en Wednesday night of this
week.
Mr. Powers was appointed Bank Commissioner on
and was well known all over the State of
Pennsylvania. Captain John W. Morrison, Deputy Bank
Commissioner, will remain in charge until a successor to Mr.
March
1, 1899,
Powers
is
—The
appointed.
Census returns show that Jersey City has a populaof 2C6,433, a gain of 43,430, or 26-64 per cent, since
1890.
The city has a larger population than Deuver, Indianapolis, Kansas City and a
host of other well-known cities.
The growth in the operations of the
banks and trust companies has been no less marked.
We have recently directed
tion
now
421
London, Saturday, August
18, 1900.
to the recovery in New York, the large shipments
of gold from that city to London, the victorious advance of
the^Allies upon Pekin, and the growing belief that the war in
South Africa is almost at an end, there has been a very much
more cheerful tone in the stock markets this week, and
Business, however, has
prices generally have advanced.
Owing
been very restricted. There has indeed been some more buying of American securities, but even in that department
the general public is holding entirely aloof, and in other
directions the volume of business has hardly increased.
Everybody here believes that Mr. McKinley will be reelected, but for all that the public considers that it is better
to wait until his re-election is assured, even if higher prices
Moreover the war in South Africa
have then to be paid
has dragged on so long that people, though very hopeful, are
still not sure that operations will be brought to an end very
soon; and, lastly, the position in China is deterring operations.
Even if active resistance by the Chinese Government
ceases, it is evident that the reorganization and reform of
China will be tedious and difficult. Up to the present, so far
as the public is aware, the Powers are all working cordially
together, and as long as military operations last it is hoped
they will continue to do so; but when once diplomacy takes
the place of military operations, there are fears that differences of opinion may arise and that many difficult if s may
spring up.
Owing to all these causes there is very little disposition to
engage in new risks, and unfortunately the prospects of trade
are not calculated to give very much encouragement. The
dividends declared by British railway companiesjfor the first
half of the year have been very disappointing, and the reports show clearly that there has been, and must continue to
be, a very large increase in the working expenses.
The increase is mainlv due no doubt to the rise in the price of coal
and of railway materials generally, but partly also it is caused
by the rise in wages, the shorter hours the men work, and
the consequent increase in the number of men employed.
The railway companies, to recoup themselves, have been
making various charges which bring in very little, but
cause a good deal of dissatisfaction, and at present negotiations are understood to be going on between the different
companies for a general advance in rates. The expectation
is that the negotiations will result in a general rise of rates,
and if that happens it is feared that trade will be seriously
checked.
Already trade has undoubtedly received some
check from the rise in the value of money, and still more
from the high prices of coal and other raw materials. If
railway rates are raised there will probably be a further rise
in those prices, and all this will tend to have an adverse
effect upon industry.
There is a very great falling off in the
new orders for ships, and in many other directions there are
evidences of a diminution in activity. The great Lancashire
industries are suffering, moreover, from the famine in India
and the disturbances in China, and the wool trade has also
suffered from the undue speculation in raw wool at the end
of last year and the difficulties that have occurred in consequence, chiefly, however, upon the Continent.
The large shipments of gold from New York caused a general decline in rates at the beginning of last week. Moreover, the Government has been making very large payments,
which have added considerably to the funds in tne open market, and for a time it was believed that the Bank of England
was itself beginning to repay loars it had previously made
so as to get control of the market. The belief, however, was
unfounded. The Bank of England has not been repaying
loans; on the contrary, during the past day or two it has
been borrowing further. The directors of the Bank recognize that it is no use to make arrangements for the import
of two or three millions sterling of the metal from New
York unless they take measures to secure the retention of
the money when it gets here; consequently the Bank has
begun to borrow again, and it is believed that it will go on
borrowing until it makes the 4 per cent rate effective. At
.
'
..
5
—
7
3
.
THE CHRONICLE.
422
the same time some surprise has been caused by the fact
that the Bank has not promptly secured £200,000 of the
has
metal imported from India. It is said that the
been haggling about the price; and it is known that further
sums could be obtained upon the Continent if the Bank were
to exert itself. While, though, the Bank has raised its buying price for American gold and has given facilities for imports, it is not acting with equal promptitude in other directions.
Still, it is thought probable that at least half a million sterling will be obtained from India, and that from a
million to two millions sterling will come from Russia.
It is said that arrangements are being made in Paris for a
small loan of about four millions sterling to the Russian
Government, but it is felt that in existing circumstances it
will be impossible to float a large loan in Paris, and therefore it is concluded that the Russian Government will have
to send very considerable amounts of gold to both Paris and
London, not merely to meet the interest on the bonds held
abroad and to pay for the munitions of war that it has purchased, but also to provide for remitting largely to the Far
East. Altogether the estimate now is that within the next
month or six weeks from four to five millions sterling in
gold will be obtained by the Bank of England, but there
will on the other hand be large outflows of both coin and
notes from the B ink— probably five or six millions sterling
between now and the end of October. Therefore, even if
five millions sterling in gold are obtained from abroad, the
reserve of the Bank of England will remain small, and it
will be essentially requisite for the directors to take every
precaution to protect the reserve.
In Paris money is very abundant and cheap, but there is
little prospect at present, at all events, of gold coming from
that centre. In Berlin the liquidation of industrial securities is still going on.
Trade has received a very considerable
check speculation has been brought almost to a standstill,
and consequently the money market is much easier than it
was. It is hop3d now that the Imperial Bank will not find it
necessary to raise its rate of discount, until the end of September at all events; but everybody recognizes that towards the
end of September and throughout October there will be very
considerable stringency. The best opinion is that the liquidation has gone so far that the stringency will be much less than
it was last year, still, there will probably, none the less, be a
good deal of stringency, and that is another reason why the
Bank of England should take strong measures to protect its
Bmk
;
reserve.
[Vol. LXXI.
©ormraetxtal nu& f&lBttllnn&ous Hetxrs
Imports and Exports for the Week.
the imports at
New York for the week
Subsequently about 3
29-32d. to Is. 3 31-32d. per rupee.
Is. 3
were sold by special contract at Is. 3 15-lb'd. per rupee.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.
1900.
Aug.
1899.
15,
Circulation
8,ltf0,H6O
Other deposits
Government
12,068,110
20.037.S80
securities
Other securities
SO 10 ,' 01
Reserve of notes and coin
18.8S2.864
Coin & bullion, both departni'ta 80.859, ^fc9
Prop. reserve to liabilities.. d. c.
86J£
Bank rate
4
percent.
Consols, 2M per cent
989i
Stiver
281-lfld.
178.6;0,O0O
Clearing-House returns
Aug.
1897.
Aug. 18
17.
<g
jg
80.361.9^
Public deposits
1898.
Aug. 16
Jg
28,724,265
7.01R.084
40,674,370
18,0-4,858
30,184,743
22,272,573
34.196,838
28,012,030
7,802,908
42,440.103
For week.
Dry Goods
38.807.23,-1
82,231.935
5,071,339
$1,«99,959
4,913,644
$1,044,337
5,917,827
89,779,774
$7,303,274
$6,613,603
$6,961,664
$80,109,553
277,846.115
$67,871,634
266,996,331
$62,442,000
221,343,303
$94,005,373
252,418,917
1.
Dry Goods
Gen'l mer'dlse
Total 34 weeks $357,455,668 $334,867,965 $283,785,303 *346,424,290
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending Aug. 27, and from January 1 to date.
BXPOBTS FROM NEW YORK FOB THE WEEK.
specie)
For the week..
Prev. reported
1899.
$13,135,690
377,486,380
$7,762,556
291,224,904
Great Britain,
France
Germany.
West Indies
all
Mexico
South America
All other countries.
Total 1900.
Total 1899.
Total 1898.
$30,627 $47,133,514
25,800,737
544.453
5,301,170
lis^
24J*d.
171.729.000
GreatBritain
France
Total 1900.
Total 1899.
Total 1898.
daily closing quotations for securities, etc., at Londor
are reported by cable as follows for the week ending Aug. 31.
London.
Sat.
Tut*.
Wed.
28 Me
97 8
285 16
285 18
9g3a
983s
Thurt.
Frt
per ounoe
d.
Consols. new, 2 \ p. cts.
,
For account
281*
97'5,
fc
98
Fr'oh rentes (In Parts) fr. 100-70
Spanish 4s
7138
Anaconda Mining
Atoh. Top. & Santa Fe..
Preferred
9
2778
7138
Baltimore & Ohio
Preferred
73%
81k
Canadian Pacific.......
Chesapeake <te Ohio
Chic. Mil.
&
91ifl
28
Paul... 1163s
Den.
Rio Gr., com.... 1914
Do
do Preferred. 683a
Erie, common
1138
1st preferred
340s
2d preferred
17
Illinois Central
119ia
Louisville & Nashville.. 73»a
Mo. Kan. &. Tex., com.. 10*8
Preferred
3134
N. Y. Cent'l & Hudson.. 132ia
N. Y. Ontario & West'n 21i?
&
Norfolk
Do
St.
& Western
3i\
do
77ifl
Northern
Pacific,
pref,
com.
Preferred
Pennsylvania
*Phila. ARead
*Phlla. & Read., 1st pref
•Phila.
Read.. 2d pref
Southern Paolfio
tjouth'n Railway, com.
&
Preferred
Union
Paoiflo
Preferred
Wabash, preferred.
Deb. "B"
* Price per share.
52
73
66k
8*4
30k
1434
97i5 1f
98
98
715s
71
00P2k 10075
9
27
73k
81k
91k
73
28
11534
19k
68 k
Ilk
34k
17
H9k
73k
1038
31%
132k
2138
34%
77k
7
51
73
8
65*8
8%
30 k
140b
34 k
34
Ilk
113a
53 k
53k
60 k
78
1*%
33%
8
9
2788
7158
5g
7lk
8lk
913a
27 k
115
19k
68 k
Ilk
3438
17
119k
72%
287 ia
287 le
985 1R
98k
98> 16
98k
00-77k 00-7 2 k 01-oo
72
9
28 k
71 8
73 k
81k
91k
275a
11538
19k
68k
ilk
34k
17
119k
73
103s
1138
31k
31%
132
132
213s
213s
34k
77k
51k
72%
65%
34 k
77 k
858
8k
30 k
30k
14k
33k
Ilk
53k
59'e
7734
596a
18%
33%
18k
33%
78
$1,154,700 $32,309,470
590,800
4,450
E
15,420
298,806
72k
72 k
28
28k
9k
34
72%
74
8ik
9ik
Borough of
Manhattan,
Eleventh Ward....
Fourteenth Street.
aansevoort
Hamilton
Mutual
5934
Brooklyn.
Bedford.
Broadway
Brooklyn
Eighth Ward.
68 34
113s
1138
Mechanics
3ft 3s
Meoh's'
35k
17k
11934
7iJk
10k
81k
132%
17k
119k
73%
10k
31%
133k
Fifth
Manufaot'rs' Nat'l.
National City
People's
Schermerhorn
Seventeenth Wa*d
Bprague National.
TVenty-slxth W'd.
2168
Onion
65%
Bank
85s
x:9k
14k
34%
Ilk
53 k
x58%
x76k
19
34 k
H°8
29 H,
1438
34%
Ilk
53 38
58 k
76 k
18%
84
Traders'
North Side
3>
77 k
52
78
52k
<fe
Nassau National..
35k
77 k
Avenue
Kings Countv
21 5e
65 78
77%
18k
33%
9138
Yorkville
Washington.
Borough of
28
65 k
ilk
53k
81k
Twelfth Ward
Twenty-third W'd.
Union Square
116k
lwk
68%
73
14k
72 k
73 78
Plaza
Riverside
State
27 k
HH3g
19k
51%
72%
34
9k
$59,514
965
$2,149
52,132
2,628
160,408
1,837,295
55,314
14,655
475
$1,170,595 $33,273,495
947,667 30,908,6?9
1 1*>8.871
29.488.628
563,978
190,833
$54,281
31,712
64,224
$2,815,621
2,470,861
l,f 80,071
Deposit, with
Loans &
Invest- Specie.
Net
Other Deposits
Agent. Bks.Jcc
('Uar'g
New York City
Nineteenth Ward.
Sliver,
Since Jan.l,
Week.
ments.
Mount Morris
Mon.
$1,588,326
8,784,758
72,350,172
Reports of Non Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending Aug. 25, based on averages of the daily result.
We omit two ciphers f00\ in nil rates.
ColuruMa
The
1
Imports.
Since Jan. 1.
Week.
Colonial
English Financial Ittarbetn— i*er Cable.
$11,531
11,452
389.974
1.
$93,996
254,760
325,884
232,654
211,532
398,825
70,675
$1,141
4,137
6,250
Exports.
tal.
161.508. >00
Since J an.
Week.
Silver.
Capi-
27Md.
1,
$19,029,720
17,664,481
4,500,709
1,895,413
$500
95,810
30,127
3,771,855
175,526
BANKS.
2J<
Since Jan.
Week.
(008 omitted.)
47^
Import*.
Exports.
Gold.
18.220,980
110^
2:^4.
$7,078,527
$9,011,798
310,615,077 262,522,163
The following shows exports and imports of specie at New
York for the week ending Aug. 25 and since January 1.
BXPOBTS AND IMPORTS OF SPECIE AT NEW TOKK.
24.9i 5,308
8>$
1897.
Total 34 weeks $390,622,070 $298,937,460 $319,626,875 $269,600,690
26 4*0,W36
105^
1898.
1900.
80,774,238
23,77^,837
84.9s4.867
t6 058,708
63 7-16
2
1897.
$2,083 239
7,696,535
Qen'l mer'dlse
Since Jan.
1898.
1899.
1900.
13,k58,"4.i
46 6-16
184.333.000
o
27,893.403
7,767,011
are
FOREIGN IMPORTS.
Meanwhile the India Government continues to sell its Germany
West Indies.
drafts fairly well. It offered on Wednesday 20 lacs and the Mexico
applications amounted to nearly 175 lacs. The whole amount South America
offered for tender was dispostd of at prices ranging from Ill other countries.
lacs
—The following
:
Wallabout
Merchants'
Borough of
Richmond.
of Staten Isl.
1st Nat., staten Isl.
%
{
t
I
I
t
100,0
100,0
100,0
200,0
100,0
200,0
100.0
100,0
112,5
212,7
126,5
58,0
16,4
109,1
51,8
134,1
46,0
162,6
126,6
199,4
62,5
67,1
337,7
188.1
26,0
1209.3
19,2
98,6 261,4
1916,0
98,0
84,0 151,0
1083,0
63.1 326,3
77,5
42,*17 8,5
1290.
60,0
43.8
678,4
37,2
4,8
1402,0
95,
161,0
49,0
90,2 218.2
1795,3
9o,6
1245,4
29,3 115,6 175,2
1182,7
17.1 120,4 224, J
1860,0
52,0 107,0 120,0
959,1
54,9
68,4
8,4
2933,0 218,0 109,0 108.0
1117,7
16,2 164,1 112,8
99,1
876,5
46,4
68,4
2219,3
60.3 223,*; 169.6
1684.0 101,9 112,9 114,4
19,3
185,7
78,8
3,1
150,0
100,0
300,0
100,0
100,0
150,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
100,0
121,4
164,0
168,8
43,3
53,6
61,6
492,0
405,6
203,6
693.8
592,7
120,9
130,2
64,4
75,1
233,0
54,9
68,0
45,7
12,3
1115.8
1349.1
1349.4
300,7
666,0
718,1
2497.4
2889,8
920,6
3797,0
2632,0
661.2
911,6
666,6
451.3
1079,5
486,6
588,0
648,2
426,4
26,0
100,0
67,2
81,2
667,4
678,3
400,0
260,0
250,0
200,0
110,0
126.0
817.3
546.6
863,2
222,4
467,4
102,4
100,0
300,0
100,0
100,0
200,0
200,0
250,0
200,o
100,
11.4
12.1
63,0
6,2
28,4
38,0
304,2
178,6
15,2
214,0
181.0
12,2
33,0
14,8
6,5
118,6
10.7
19,9
40,9
6,0
183
37,6
91,6 167,9
104,3 257,4
46.8 178,8
38,0
45,1
26.7
46,6
27,7
72,4
198,2 634,5
168,1 161,8
63,7
93,6
348,0 560,0
261,0 313.0
80,6
39,8
40,0
36.5
28.2
45,6
38,2
70,6
10,0 269.1
28.0
63.0
39,7
70,6
12,2
46.2
42,8
00,6
23.6
20,0
t
225,0
29 "6
6'i.O
118
il
1,3
113,0
84,4
185,7
95,6
65,2
100.0
6
85,3
48,0
18,0
71,0
1264,8
1610.2
1419,9
321,0
620,2
758,5
3105,0
30. 9,3
60,0
896.1
25.0 4116.0
149,0 2897.0
934,2 1628.8
100.8
978,2
61.7
660
45.4
438 6
8,5 1020.0
1.4
499.6
36,6
641.9
100.9
710.0
466,3
62,0
89.6
199.7
1402,8
2H76.0
1399.5
1475,6
664,3
1668,0
2373,3
188 ,3
1577,6
1810.0
923,3
3252,0
1640.8
1109 8
2380.9
1772,2
230,9
686.8
765,3
Other Cities.
1st Nat, Jer. City.
Uud. Co. Nat., J.O.
2d Nat., Jer. City..
3d Nat., Jer. City..
1st Nat.,
Hoboken.
Id Nat., Hoboken.
4625.4 229.4 232.8 994,3 1610.6 6798.8
1964.7
67,3 186.6
65,0 1606.2
75.1
1261,9
21.4 146,0
9M.4
62,3
66.0 101.8
964.6
32.9
880,2
24,7
2036.0 100.9
14.9 1*9.7
6O.1 1743.7
47.0
918 4
62.3
69,9
63.8
765,2;
Totals Aug. 25.. 7S62.0 8468 8 60201 9 2824,13704.2 7661,0 4813.668i28 4
Totals Ang. 18.. 7862,018468 8,59429,4 2918 9 3766 5,8102.6 4614 5 88*46,1
Total* Ang. 11.. 73«2.0 8488.8 69591,2 2884.68848,6 8377. 4684.3 68i96 4
:
I
I
9
.
September
THE CHRONICLE
1900.]
1,
New York City Clearing House Banks.— Statement of
oondition for the week ending Aug. 25, based on average of
We omit two ciphers (00) in all cases.
daily results.
The exports from the several seaboard ports for the week
snding Aug. 25, 1900, are shown in the annexed statement:
Bank
2,000,0
Manhattan Co... 2,050,0
Merchants'
2,000,0
Mechanics'
2,000,0
Amerloa
1,600,0
Phenlx
1,000,0
City
10,000,0
Chemical
Merchants' Ex..
300,0
600,0
Gallatin
1,000.0
300,0
Bntoh.<& Drov's*
Meoh.A Traders'
400,0
200,0
600,0
300,0
Greenwich
Leather MTrs..
Seventh
State of N. Y.... 1,200,0
American Exoh. 6,000,0
Commerce
Broadway
Mercantile
Pacific
Republic
Chatham
People's
North America..
Hanover
Irving
Citizens'
Nassau
Market* Fulton
Shoe A Leather.
Corn Exohange..
Continental
Oriental
Imp't'rs' A Trad.
Park
East River
Fourth
Central
Second
Ninth.
First
N.Y.NaflExch
Bowery
N. Y. County....
German Amerl..
Chase
Fifth Avenue...
German Exoh...
Germanla
Lincoln
Garfield
Filth
Bank of Metrop.
West Side...
Seaboard
Western
1st Nat., B'klyn.
Liberty
N. Y. Prod. Ex..
NewAmsterdam
Astor
Hide & Leather.
Total.
.
Loam.
10,000,0
1,000,0
1,000,0
422,7
1,600,0
460.0
200,0
1,000,0
3,000,0
600,0
600,0
600,0
900,0
1,000,0
1,400,0
1,000,0
300,0
1,600,0
2,000,0
250,0
3,000,0
1,000,0
300,0
750,0
500,0
800,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
200,0
200.0
300,0
200,0
500,0
2,100,0
300,0
500,0
1,000,0
250,0
350,0
500,0
LegaU.
Specie
2,158,8 16,186.0
2,203,6 19,977,0
1,206,4 14,269,3
2,293,0 12,150,0
3,011,1 21,017,0
6,072,0
274,0
6,278,6 108,784.2
6,964,0 24,697,3
4,734,9
228,5
8,794,3
1,860,6
1,064,1
89,4
2,186,0
114,8
97?,
176,3
8,582,3
506,6
3,582.7
223,6
3,808,6
536,6
2,848.6 27,668,0
62,895,9
7,029,3
6,556,3
1,647,8
1,232,8 13,861-, 1
2,782,3
493,9
1,143,2 19,609,6
6,025,1
1,000.7
2,108,7
325,2
659,5 12.744,4
6,014,1 43,181,4
4,270.0
467,0
8,086,6
420,5
2,780,4
274,8
6,491,0
1,020,0
3,677,1
211,2
19,457,4
1,840,1
4,797,8
510,6
2,061,0
406,6
6,160,1 26,032,0
3,306,2 46,583,0
1,266,5
162,9
2,376,0 22,387,6
539,9 11,624,0
S.434,0
799,0
2,301,0
162,8
88,719,6
9.117,0
2,916,7
103,0
3,164,0
708,8
3,079,6
375,8
3,492,2
350,1
1,994,6 38,672,7
8,467.7
1,287,0
2,5v 0,6
614,7
3.180,2
802,0
9,775,9
890.1
5,644,3
1,073,5
2,076,7
359,1
963,6
6,487,9
2,633,0
409,1
11,253,0
748,7
1,696,4 3^,218,4
3,950,0
628,3
6,(90,2
535,8
8,913,8
374,9
411,0
5,047,3
231,8
3,869,1
302,1
2,604,7
1,364,0
2,908.0
1,828,1
2,612,0
7,431,0
1,654,2
2.644,0
3,868,0
1,138,0
35,292,1
4,26»,3
784,0
892.5
223,1
170,0
107,3
666,3
823,8
370,0
2,277.1
200,0
6,814,0
3,120,3
613,1
918,2
63.6
208,0
189,5
218,6
317,0
434,6
2,169.0
470.2
3,602,0
6,805,7
6,4084
991,0
390,4
1,479,1
2,060,2
321.5
4,473.9
632,7
171.6
2,266,8
12,932.3
639,8
1,402,3
994,1
544.2
666,6
573,3
426,4
1,443,1
779,4
2,870.0
860,0
207,0
7,780,0
9,624,0
180,6
3,805,7
2,444,0
1,724.0
526.3
7,789.8
572,9
400,0
835,3
679,6
8,754,3
2,044.9
182,1
401,5
2,165,8
1,838,9
457,8
1,124,7
498.0
1,466,0
9,137,9
649,0
1,194,9
583,0
605.1
750,2
496,7
<ewYork
Deposits
1.187,0
2,781,8
600,4
208,0
248.2
645,6
259.8
2.746.0
566,4
250.0
2,146.0
5.806.0
174,0
2,221,1
1,117,0
740.0
332,6
l,86o,S
309,8
357,0
417,6
253,7
4,031,4
M
632,9
34
543,9
853,7
304.0
177,»
658.7
396,0
2,283,0
2,670,8
975,0
426,0
365,7
1,130,2
248.9
86,7
-Joiton
Me.
119.23-)
$
P.C.
"biladeiphla..
25-9
38-0
20-6
24-0
laltlmore
4ew Orleans..
Norfolk
234.400
72,000
824,600
2V6
256
d on t real
Jalveston
Portland,
31'2
29-4
at—
Wheat.
312,6011,078 693
17-2
31*0
September
265
25-5
111.061
Continent.
26-2
26-4
27-4
247
31*2
27*1
240
99,125
134.300
13.492
29,641
68.720
11,800
1.667,000
868.389
7.198,983
2,087,667
4,056,098
860,536
431,(00
374.9 tO
8,781.941
8.707,481
6,842.279
481.201
82,578
137.805
5,664,:. 89
4.809,404
4,778,044
828.008
228,371
1.487.986
1,684.4 52
2-1,083.068
10,219,934
18.034,289
15 597.994
1,183 398
15, 156.946
16,591.319 19,199.847
15,396,850 14,763,440
969.793
1.116,676
6'8,848
842.134
487,631
818.612
72.370
142,800
102,600
238 524
8.411
1,457,610
vtssi
608,803
Detroit
Cleveland...
8,000
109,676
Louis
38,600
7,eoo
896.012
Minneapolis.
8t.
Kansas
46,301
....
City.
Tot.wk.1900
Same wk.'99
Same wk.'98
Since Aut.
1900
1899
1898
12,800
149,440
526,900
176,210
26.
&
C. America.
'Vest Indies.....
3r.N.Am- Colo's
Hher countries
Tota
Total 1898-99....
Aug. 25
1.1899.
208.605 10.079.F45
41,204 2.286.166
21 ,>-87
1,090,967
88.836 1,390 428
186 621
2,186
444
899,209
Wet*
Aug. 25
ui'i
1,600,828 87 620 808
1,096.254 10 ) 053223
351,v?2
14,8.5
5.712 1.147.711
18 '75
636.429
1,825.586
2,666
872
••••-..,
........
lines Sept.
1, 1899.
bush.
360.100 81,72I,4Htf
669,781
1,817,883 87.192,839 8,233 070 191,634.628
2.4«3,2o6 128.769,715 4 826,011 182,526,466
312,601 16.324,898
889.717 17,306.422
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Aug. 25, 1900, was as follows:
Wheat,
at—
sew York
In
store
Do
afloat
Boston
Philadelphia
Baltimore
New Orleans
,
Salveston
Montreal
TorontoSuflalo
Do
Barley
226.000
853.000
668.000
728,000
694,000
586,000
213,100
622,000
87,000
284,000
14,000
129,000
8,000
2,081.000
472,000
378,000
3.000
96,000
1.199.000
29,00*6
bu«fc.
•
•••
11,000
'20.00V
....
afloat
862.000
6,000
....
203,000
92,000
51.000
59.300
3,000
11,401.000
786,000
8,193,000
871.000
17.000
816,000
49,000
127,000
3.0(0
5.000
1.840.000
7,222,000
421,000
etrolt
Do
Bye,
bush.
144,000
895,oov
673.000
1,484.000
594,000
2,081,000
1,050,000
Do
Oats,
bush.
643,000
bush.
774,000
afloat.
oledo
afloat
ihloago
Do
afloat
....
Milwaukee
Do
afloat
rt»WUl'm&Pt. Arthur
)uluth
Do
61,000
'38.000
95 000
9.360 000
4.189.nno
41,000
l.eoi.ooo
13.000
49,000
137,000
307.000
72.000
14. "10
13.000
833.000
3,000
611.000
83,000
28,000
642.000
25,000
afloat
Minneapolis.
U
Corn,
bush.
2.883.<w>
36,003
Louis
Do
afloat
lansasClty
Peoria
Indianapolis
)n Mississippi River
3n Lakes
}n oanal and river.
Aug. 25,
Aug. 1H,
Aug. V6
Aug. 27.
lWa! Aug. 28,
Total
Total
Total
Total
17,000
569.000
72,000
49.966 000
49 761.000
84,6x6 000
6,947,000
15.478,000
7,430,000
9,102 000
8.97U.0OO
16.530.000
27,874,000
8,068 000
7,021,000
. .
1900*
1900*
1899+
1898+
1897+
8,000
7.
'°«
9000
1,000
617000
4 H07 000
3,298 000
784 000
681 000
636 000
432 000
9.270.000
1.816.000
1.046,000
889,000
884,000
29' 000
* Includes stocks in private elevators at Milwaukee.
+ Stocks In private elevators at Milwaukee not included.
Note.— Beginning July i, 1899, the New Vork Produce ifixchange has changed
its Visible Supply Statement by inclu >ing stocks at New Orleans, Galveston,
St. William and Pt. Arthur (previously omitted) and leaving out Albany
Oswego and Cincinnati, formerly included.
20,400
8,400
3,412
8,340
15.600
Auction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. Adrian H. Muller & Son.
Slocks.
1 Clinton Hall Assoon
25 U. 8. Mort. & Trust Co.. 450
20 North American Tr. Co.. 201
51*g
10 Mercantile Nat. Bank. ..200
678 963
•
193.790
760
385.700
6,300
•••
4,836
2.100
86,000
1.
The receipts ot flour and grain at the seaboard
the week ended Aug. 25, 1900, follow
1,
'
since
s
Sept.
1899.
bush.
b st.
1.467,783 54,889.147
bblt.
lifts.
82.846
246.959
16,471
week and
<—
Wheat,
Week Since
,
Sines Sept.
23 92S
|».
1,828.203
68,400
Milwaukee
Aug.
to-
i.
884,600
64,600
61,934
63,680
210,900
72,668
74,650
257.886
282,800
114,000
2.281.166
Sept. 1
24-8
256
Week
asted Kingdom
235
5bls.l90U» Busn.eOIoi Btt*A.66IZ» Buth.SZlbt BuiA.48Ibf BU.68P
Chicago
——Flour.
Extorts for
meek and since
18.978
9.678
108,439
destination of these exports for the
1, 1899, is as below:
271
24-8
27-8
8,579
••••••••
889.717 2,039.230
The
82.848
••••••••
»••«.«..
240.000
136,248
Total week. 1,817 883 8.238 070
21'9
29-2
26-6
24-6
6,7( 8,3 24-9
3,950.0 234
28,372,0 84'9
57,643,0 2e-7
1,832,6 265
23 685,8 26-6
14,641.0 24-3
9,346,0 26-3
2,643,3 32 5
38,801,0 24-8
3,183,6 277
3,312.0 22-8
4,053,0 30-9
3,459,1 240
47,669,6 26-8
9,560.6 25-0
3,010,8 27-0
4,470,8 21-1
11,884,3 265
6,820,7 314
2,268,8 282
6,916,8 24-1
3,155.0 28-3
13,998,0 26-7
46,149,3 25-3
4,708.0 3- *4
6,646,9 24-3
3.696,7 25-6
6,061,8 26-9
4,084,0 24 4
1,896,1 30-7
Barlsv
Oatt.
Corn.
196,81.0
Barley
bush,
6,950
•••
• •
80 001
2,720
lame time '99. 2,293.256 4.826.011
74,222.7 91,035,0 817,402,8 1735312 75,696,8 901,356.3 27'e
/lour.
409,859
318.203
Peat,
bush
1.094
l&ft.OOO
262
256
283
Breadstuffs Figures Brought from Page 459.—Th
statements below are prepared by us from figures collected by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Angr. 25,
and since Aug. 1, for each of the last three years have been:
Meetiptt
42.8->7
Rye,
bush.
1,210
138,488
7,554
88,163
45.713
8,662
6,116
2.446
18.466
4.999
13/. 143
Rewp'rt News
Oatt,
bush.
875.086
bblt.
103.436
40,067
360.927
8,592
194,732
447,113
298791)
83.740
i
15,318,0
27,137,0
15,861,7
12,102,0
23.928,9
5,219,0
131,643,4
25,064,7
5,331.9
7,072,5
1,013.5
2,186,0
800,6
8,267,7
4,587,2
3,250,8
21,740,0
51,657,4
6,857,3
14,256,6
8,361,1
22,377,1
6,151,6
2,611,9
18,968,0
50,295,9
4,669.0
3,252,0
3.058,1
7,149,1
4,050,0
22,789,2
$
$
$
$
$
T
N.
of
Capital Surplus
Flow,
Corn,
bush.
270 S03 1.316,057
Wheat.
from — huth.
Maopgrtt
BANKS
423
By
Messrs. R. V. Harnett
&
Co.
Stocks.
Slocks.
& Trust Co.. $2
1,105 Amer.Dist. Steam Co.$225
$2
631 National Fibre Co
Bonds.
$1 OOO Ampersand Hotel Co.
114 Amer. Loan
25 Pref. and 188 com. St. L.
&Chio. Ry. Co
$1
50 National Iron Fenoe Co. $1
150 Gas Consum. Benefit Co. $1
54N.YR.Est.&BdgImpCo. $3
76 Holly Steam Comb'n Co. $1
Satitotxg
2d M.
and
5s,
$200
1901
Jgiwxntisx'L
ports for
:
F.our.
-
Receipts
Mew York
at-
Boston
Montrea
4.
Philadelphia
Baltimore
Rlohmond
New
660
Orleans*
Newport News
Norfolk
Galveiton
Portland,
bblt.
122,995
4*,582
23.882
62,462
99,003
Me
Total week..
_
Week 1899
10.483
2.44«
5,116
7,654
378,612
4l 1. 31
Wheat,
bush.
Oats,
bush.
Corn,
bush.
64S300
1.364.100
167,276
323.487
439,247
291,388
9,766
187,000
269,210
409.603
£98,501
381,999
14.420
78,000
137,148
42,85?
810,100
214,939
91,833
232,985
167 788
61.604
54,610
240,000
139.000
119.2S8
"8,592
6,000
138,488
2,614.442
2.783,858
8,004,328
4,237,501
2,006.777
3.118,704
Receipts do not include grain passing through
ports on through bills of lading
*
Maw
BmrUv
Rye,
bush.
2 200
buss
6,838
419
800
8.0
10,472
'i.8>93
1,822
9.6S8
199.816
of—
Hour...
bbls
Wheat.,
.bush
Corn....
Oats....
Barley.
Bye
Total grain.
a*
&
30,921
Orleans tor toreir
1899.
13,600,910
1898.
12,330,260
60,721.760
182.g01.3l4
48.620.798
7.615 493
1,764.995
"74.811,763
126,063 2 2
68.842,083
4,052,440
4,136,6*8
70.606.859
189.2-0.818
64 104,330
8.0r2 '43
9.836.765
~43 271,647
122.68 '.1*6
61.4 8 858
2*1,*U,868
285,408,061
286,889,704
231,004,075
8,447,687
-
-
-
-
NEW YORK
INVESTMENT SECURITIESBranch
Moffat
Office, 67 State St.,
Albany
ALEXANDER M. WHITB, JB
George Barclay Moffat.
17.066.219
7.182353
PINE STREET,
Members N. Y. Stock Exchange
1897
1900.
13.555,090
29
Co.,
Transact a general banking business) act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
~80.S06
Total receipts at ports from Jan. 1 to Aug. 25 compare as
follows for four years:
Rectivtt
Spencer Trask &
BANKERS,
3,900
&
White
BANKERS,
Members New York Stock Kxobange,
NO.
1
NASSAU STREET,
-
NEW YORK.
INVESTMENT SECURITIES.
:
.
THE CHRONICLR
424
Uaufem'
count; St Louis, 50c. per $1,000 premium-; San Francisco,
5c. per $100 premium.
(Samite.
—
United States Bonds. Sales of Government bonds at the
board were $2,000 3s, registered at 109%; $46,000 3s,
coup., at 109^; $4,000 4s, coup., 1925, at 134J^ and $500 4s,
DIVIDENDS.
Name
Per
of Oompany.
When
Books closed.
(Days inclusive.)
Oeni. Payable
Railroads (Steam).
Portland & Ruml'd Falls (Quar.)
Street Railway•».
South Side El., Chio. (quar.l
flfl*cellaneoua.
9
Sept. 16
Oct. 15
Sept. 9
Sept. 15
29 Sept. 19
to
Oct.
5
2
2
i
Sept.
Oct. IP Oct.
10
Sept.
Sept.
Sept. 15 Sept.
\
Sept.
2
Rubber Goods, com.
(quar.)
"
"
pref. (quar.), ...
United States Printing (quar. )
Va.-Car. Chem., com. (quar.)
.
1
Aug. 31
to
Sept. 1 Aug. 16
2 Oct. 1 Hoid>-rs of rec
2 Sept. 15 Sept. 6 to
134 Oct.
to
1 Sept. 16
1% Oct. 1 Sept. 23 to
to
1
7
Oct. 16 Oct.
1% Sept. 15 Sept. 9 to
to
1^4 Sept. 1 Aug. 22
to
1
Sept. 1 Aug. 29
5
Oonaol. Gas, N. Y. (quar.)
Continental Tobacco, pref
Rijiublio Ir. & Steel, pref.(quar.)
coup., 1907, at 115)^. The following are the daily closing
quotations; for yearly range see seventh page following.
to
to
to
to
1H Sept 15
1
.
Sept. 15
Sept. 16
Oct.
1
Sept. 30
Oct. 15
Sept, 16
Aug. 31
Aug. 31
WALL. STREET. FRIDAY. AUG. 31. 1900.-5 P. M.
The Money Market and Financial Situation.—There are
no substantial evidences of a broader interest in the security markets this week. It is claimed in certain quarters
that there is a better demand for some classes of securities,
but if such is the case the demand is apparently limited to
Board-room traders, and the volume of business is still very
small. No doubt business in Wall Street will increase to
some extent upon the return
of capitalists
and investors
as
midsummer
holiday period closes.
The news of the week, both foreign and domestic, is in
the main favorable. The situation in China is evidently
clearing up, and other international complications of less
interest to us seem to be progressing towards a settlement.
The political campaign, which is rapidly absorbing public
attention and will have an influence more or less important
upon all industrial enterprises during the next two months,
has not assumed aDy new phases.
Reports of railway earnings now being published show
the effect of increased cost of labor and material in final
While gross receipts are generally larger, the net
results.
earnings are in a number of cases smaller than during the
corresponding period last year.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from Vyi to \% per cent. To-day's rates on call were V/i to
V/2 per cent. Prime commercial paper 4 to b% per cent.
the
The Bank of England weekly statement on Thursday
showed an increase in bullion of £2,014,821 and the percentage of reserve to liabilities was 47 "33, against 41-04 last week;
the discount rate remains unchanged at 4 per cent. The
Bank of France shows an increase of 1,825,000 francs in
gold and a decrease of 600,000 francs in silver.
The New York City Clearing-House banks, in their statement of Aug. 25 showed an increase in the reserve held of
$5,091,590 and a surplus over the required reserve of
$23,888,925 against $20,557,050, the previous week.
1900.
Differen'sfr'm
Prev. week.
Aug. 25.
1899.
1898.
Aug. 26.
Aug. 27.
Interest
Periods.
2s,
.... ......
Loans &dlso'nts.
Circulation
Ret deposits
Speoie
Legal tenders...,
Reserve held....,
Legal reserve....
Surplus reserve
74,222,700
91,035.000
817,402,300 Ino
28,586,000 lno
901,356,300 In/)
173,531.200 I DO
75,696,800 Ino
249,228,000 Ino
225,339,075 lno
502,400
7,038,500
4,608,300
483,200
5,091,500
1,759,625
58,922,700
77.382,600
756,789,900
14,072,400
858,135,100
172,381,100
54,531,200
226,912,300
214,533,775
59,022,700
75,292,300
672,091,800
14,123,300
760,234,400
155,968,700
55,433,200
211,401,900
190,058,600
23.888.925 Inc. 3,331,875
12,378,525
21,343,300
2,518.700
Aug.
Aug.
25.
27.
103%
103%
30-year, ref'd'gt
do
38,1918
38,1918
do
2b,
..reg.
Aug.
28
Aug.
Aug.
29.
30
31
103 % *103 3» *103ifl 103 ifl
*103i«
*103\ *103%
*109
109
109»s "109
*109
109*4 *109
109
*
'109
-Feb. 109
-Feb. '109
109
-Feb.
'109"
*i09*" *i09" *i09" ioS"
-Feb. doS"
'115
*115 *115 *115
4s, 1907
reg.
-Jan. '115
114%
115 *115 *115 *115
4s, 1907
-Jan. 115
eoup.
11434
*134i4
*134
*134
134
48,1925
reg.
-Feb. '1331a
13334
*134i4
*134
134
13313
*134
4s, 1925
-Feb.
coup.
13334
14
-112is
*112ia
-112ia
*1121«
5s,1904
-Feb.
reg.
*H2ifl 1121*
*112i«
*112i«
*112ifl*112is
*112ia
5s,1904
coup. Q. -Feb.
H213
- This is the price bid at tke morning board ; no sale was made.
t Prices are quotations in "Unlisted Dep't" for bonds "when issued."
f
reg.
coup.
3s, 1918, small. reg.
3s, 1918, small..o'p.
—
are the current quotations in gold for
Coins. Following
coins and bullion
Sovereigns
$4 87
Napoleons
3 86
Reiohmarks. 4 75
25 Pesetas..
4 78
Span. Doubloons.15 50
Mex. Doubloons.15 50
Fine gold bars... par
:
— 61V® — 62*«
— 95
@ — 96i«
Mexican dollars.. — 48*4® — 491*
— 44 @ — 46
Peruvian sols
English silver. .$4 84 ®$4 88
U. S. trade dollars — 60 ® — 70
®$4 89
©
@
®
XX
Fine Silver bars..
Five francs
3 89
4 80
4 83
©15 60
®15 60
. .
'S^prem.
State and Railroad Bonds.— Sales of State bonds at the
Board include $5,000 Virginia 6s deferred trust receipts at
6J£, $500 Virginia fund, debt 2-3s of 1991 at 89^, $2,000
Louisiana consol. 4s at 108 and $6,000 Tennessee settlement
3s at 95.
The market for railway bonds has been steady to firm,
and nearly all active issues are fractionally higher than our
last quotations.
Although there are not so many conspicuously strong features as were noted last week, a few issues
made a substantial advance.
The daily transactions averaged about
par
$1,000,000,
which Atchison, Baltimore & Ohio, Central of
Georgia, Missouri Kansas & Texas, Reading, St. Louis
Southwestern, Union Pacific and Wabash bonds were convalue, in
spicuous.
—
Stock and Bond Sales. The following shows the volume
of business in stocks and bonds on the New York Stock Exchange for the past week and sinoe Jan. 1
Sales at
Jan. 1 to Aug. 31.—^
>-Week end. Aug. 31.-%
.
n. F. Stock Exch.
Government bonds
State bonds
BR. and misc. bonds
Total
Bank shares, par
1899.
1900.
1899.
$52,500
13,600
4,421,000
tl 16.700
39,500
10,956,000
10.442,910
1,616,100
824.830,800
$7,461,290
1,727,300
651.660,100
14,487,000
799,184
$77,998,650
$1,000
$11,112,200
2,703,663
$257,797,700
1900.
Stocks— No. shares
Par value
value.
$331,919,810
$660,826,690
76,!<38,170
122,765.120
$7,367,669,062 $11,886,696,500
$79,650
$817,8M
We add the following record of the daily transactions:
Weekending
r-
Stocks.
Aug. 31, 1900. Shares.
Saturday
Monday
Tuesday
Wednesday
Thursday
FridayTotal.
Capital
Surplus
[Vol. LXXI.
The
sales
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday.
Total
>
Par value.
Railroad, Ac. State
Bonds.
Bonds.
59,793
201,816
119,638
142,872
144,254
130,912
$5,851,800
19.434,000
11,657,800
14.086,200
13.987,150
12.979,700
$200,000
766.000
669,000
1,018,000
1,149.000
631,000
$5,000
6,000
799,184
$77,996,650
$4,421,000
$13,500
60o
U.S.
Bonds.
"$600
6,000
46,000
8,000
$52,500
on the Boston and Philadelphia Exchanges were s
Listed
Boston.Unlisted
shares,
shares.
.
Bond
Philadelphia.
Listed Unlisted Bond
shares,
.
1,296
10,066
4,094
2.89H
4,405
9,092
sales.
$10,100
1,000
15,000
17,500
12,000
14,000
shares,
8,308
4,259
8.754
5,667
4,398
9,613
8,047
983
370
1 18,898
164.287
78,200
135,300
184 9 JO
29,899
31.651
69,600
32.886
6.944
701.063
4.667
7,366
5,554
4,':80
6*7i
626
1.188
2,524
l.*10
sales.
$28,000
—
Railroad and Miscellaneous Stocks. The stock market
Note.—Returns of separate banks appear on page 423.
opened weak on Monday, when there was more activity
Foreign Exchange. The market for foreign exchange has than during the past two weeks, and prices generally debeen dull and relatively steady. Both the offerings and clined, Tuesday's market was steady, and on Wednesday
inquiry for bills were limited, and rates are practically the tone was firmer and early losses were generally recovunchanged.
ered. Thursday and to-day the market has been steady,
To-day's actual rates of exchange were as follows: Bank
with trading largely professional and fluctuations unim_i
J
_i.
i»
i nil //^.i nil /
—
portant. The volume of business was limited to an average
—
»
j
»
-i
•*
a
,-„— -
>
4 84; documentary commercial, sixty days," 4 83!^@4 64%;
grain for payment, 4 84>|@4 84 *£; cotton for payment, 4 83^
@4 833^; cotton for acceptance, 4 83%@4 84.
Posted rates of leading bankers follow:
August 31.
Sixty days.
Prime bankers' sterling bills on London.
4 85
Prime commercial
4 83V04 84
83i4*4
Documentary commercial
4
84ifl
5 18V'3>18i8
Paris bankers' (francs)
Amsterdam
(guilders)
bankers
Frankfort or Bremen (reiohmarks) b'kers
* Leas iia.
40 ®40l,«
9488®94li lfl
Demand.
4
88*41
5 16!4®15Be*
403 i6 a>40 14
953,^9514
The following were the
rates of domestic exchange on
at the under-mentioned cities to-day: Savannah,
buying 1-16 discount, selling 1-16 premium; Charleston,
buying par, selling 1-10 premium; New Orleans, bank, $1 0)
New York
premium; commercial,
75c.
discount; Chicago, 15c. dis-
of 150,000 shares per day.
The coal stocks were the weak features of the railway list,
on rumors of possible labor troubles in the coal regions.
Central of New Jersey declined %% points, but recovered
a part of the loss. The grangers were inclined to weakness
on traffic reports issued showing an increase in operating
expenses as compared with last year. Local transportation
issues were relatively firm, Manhattan Elevated and MetroLong
politan Street Railway showing fractional net gains
Island, which has been quite inactive of late, sold G}4
points below the last previous selling price on the offering
of 200 shares, recovering 4 points to-day,
American Tin Plate led the miscellaneous list in the matter of advance, showing a net gain of 3 V 4 points. The iron
and steel stocks were strong on rumors of improving conditions in the industries they represent. American Tobacco,
Continental Tobacco and General Electrio were firm features. American Sugar Refining and Consolidated Gas each
declined, the former losing nearly 4 points.
Sept
•
...
I
THE CHKONICLE —STOCK
1900.]
1
.,
.,...
New York
Stock
Exchange— A
PBIOES
Monday,
•16
t I I a
Aug. 28.
Aug. 27.
•16
•48
18
••••
l«
Tuesday,
•16
44
18
44
Wednesday Thursday,
Aug. 29
Aug. 30.
•16
18
44
86* 87* 23% 27* 37*
70* 70%
69* 69* 69* 70
7i* 71% 71* 71* 71% 73*
•78*
•78*
179*
79*
79*
79*
79* 79*
63* 00
54^ S5*
53* 55% 52* 64
65 78
73
73
70
70
•67* 70
87*
87
69% ™%
71% 71*
•100
'108
115
•88*
89%
•89
•49
49
50
115
'104
89
8N
49
108* »!••••
134* 138* 188*
36* 87* 36*
184* 185* 184* 184% 123*
•••••I
lltll •••••<
"96* *
»•*••
96*
108*
•
I
I
- -
• t •
186 136*
187* 87%
t
•
185
180
180
125
•10* 11*
•83* 83*
158* 68*
•31* 34
•31
33
•10* 11*
•88* 83*
•37* 70*
•31
•88
•53
84
83
55
180
110
89
00
•16
18
45
28
40
'104
•88*
150
18
46
46
Aug.
Ii,
•16
110
40
134
•
•• tl
88%
70% 71
78
72*
79 79*
50
55%
108*
134
88* ton. Topeka a Santa Fe. 18,915
70*
pref. 86,060
Do
8,555
78* Balt,AOhio,vot.tr.oertfs.
885
79*
prof.
Do
90,045
50* Brooklyn Rapid Transit.
.
••••••
96*
96*
125
800
'104
1
I
•120
840
pref.
60
60
Buffalo Booh. A Plttfburg
115
115 104 115
pref.
Do
89* 38% 89% •88* 89* Canadian Paolflo
49 50 •49 50* anada Southern..
00
•••»••
180
Railroad Stocks.
88
103* •102%
so" 135* 136
26* 86K 37
27* 87* •27
131* 184% 185* 130 185% 121%
103*
I
8TOCK8.
STOCK BZOH.
Arbor
Ann
Do
18
»
•*••
180
10* 11* 10% 11* 42 %
*88* 88*
83
*§X*
88*
70
70
70
31* Ii* 32% 33* 31*
83
24* •28*
8." !?* 08
64
57%
•••••
130
!2 %
83
70
84
11
300
110
5,185
1,810
24,068
.
Chicago Gontol. Traction.
96* Chicago A
125
Do
Haat. IUlnoli.
.
100
175
100
355
150
pref.
11
Chloago Great Weitern. .
83*
Do 4 p.c. debentures.
Do 6p.o.pref."A"..
33
Do 4 p.o. pref. "B"..
84 Ohio. Indlanap. A Louliv.
•88%
1,300
1,700
80,030
.
57*
Do
pref.
113* Chloago Mllw. A St Paul.
118 113* 118* 113*
171
173
•Ul*
1173
173
173
173
174*
173*
171*
178*
Do
pref.
163 164
163 162
161* 163
168 160 162 166 Chicago a North Western.
162 162
302 808 1308 203
1199* 199*
808 202 •800 306
Do
pref.
106* 10C% 105% 106* 105% 106* 106% 106% 106% 106* 106% 106* Chloago Book III. a Pao.
'112
112
U18
•01
•114
116
178
•160
'
54
116
180
I
113
172
112*
112
116
180
.•••••
113* 113* 118% 113
116
180
9* i°>* !-•* 12*
9* 10* 31
10*
31 83
32
•81
31
31* 131
08
08
58*
58* 58* •58 , 5 2* 158
•ex
•106
•85
•64
•106
•80
•64
109
80
68
6* •6
43* 48
•6
•48
•16
•16
17
•118* 118* H3*
178 178* 177
•18% 19* •18*
•872 ?77* •66
•12*
•18
15
110
30
68
106
25
64
6* •6
43* •41*
110
37
68
67
106
38
110
3d
68
•64
6*
6%
«5%
41* 41*
48
17
118
179
118
• •
tti
9*
116
180
160
10*
31
32
59
•59%
106
107
88* 23* 86
•64
64
87
6%
6%
41% 41%
118
180
•9%
•15*
•48*
•80
Do
Cler. Lorain
Do
6*
Colorado
163* 152* 162* 153
18
*••••! ••••f
tt
I I I I
•8*
4
51"
•809
•80
60
72
•n%
.
80
»79
11%
16
Him
• « • • t I
110
2*
(••!•<
10
•
IIMH
•»•••
9
••tot
81
4
32
4
14 15 14 10 •l't* 15
28* 28* 27% 29* 27%
98 C5 93 95 93 SI*
95
'809
209
809
60 65 60 65 60 65
81
18
•3%
•106
3*
ttlttt
otfs.
•••
tt ***•*•
8 13*
31% 31%
•8*
4
15
89
95
•14
•27
•93
Ivan. O. P.
tt
8
« • •
100
8*
a Oulf
,
'106
66* 65* 55*
93* S2* •98
•16
16
30
•66
58* •56
•9* 10*
9*
•80* 31
30*
50* 51* 50*
•87
39
36*
80
80
•UK
32
80
12
32
82
12
30
80
U% U%
3% 3%
3% 3%
3*
100 II tt 105
55* •54* 55* 55
•93
93*
95
•15
!t* 14
20
•56
54
63
58*
9%
10* •9% 10
81
so* 31
30%
50% 50% 50% 51
88* •36%
88* •36
••••••
t I
•185
189
189
•80
38
•80
30
33
30
•188
•810
135
810
133
310
•132
•310
135
814
132
185
S3
83
185
189
189
•185
56
94*
18
57
10
30*
61%
38*
189
•
154
•30
•80
11*
•3*
105
•56
94
•14
•54
32
82
U*
3%
94
18
57
9% 10%
30% 81
61
61%
•36
su*
185
M lob lg an Central
189
St. Louis..
3d
pref.
a 8. S. Marie.
Do
pref.
•9* 10* Mo. Kansas a Texas
•14
•53
18
56
30*
50%
36*
51
1185
Minn. St. P.
Do
31*
38* Mobilea Ohio
Morris
a
Hssex...
188% 129% 139* 139* 129% 189% 130 13 J* \J T. Central a Hudson..
189% 128* 139
•11*
•11* UK 11*
11* 11* 11* 11* IM Y.Ohio, a St. Louts...
ii*
•70
70 ii*
•70
70 79 70 79 •70 79
79
79
79
Do
1st pref.
U*
80* 80%
•33* 34
176* 76*
50*
6t
HI* 71*
135
814
80% 31
33* 33%
74*
76
32
30
185
5312
818
130% 80*
80* 81
33% 33* 83% 34
74* 76 74* 76
133
50* 60% 50% 50*
71* 571% 71%
71
50% 51
71* 71*
210
38
•30
32
185
314
•138
•210
135
815
74*
Do
8d pref.
New York a Harlem
,
N Y. Laok. a Western.,,.
N. Y. New Haven a Hart
N. Y. Ontario a Western..
Norfolk a Western
81* 31%
34% 34*
21* 31*
84% 34%
•74*
76
Do
76
50% 50%
71* 71*
60% 51%
71% 71%
pref.
Nor. Pao. By., vot. tr.otfs.
Do
pref.
Or.BB.aN.Oo.Tot.tr.ofs.
Do
•05
•86
•64
07
93
66
•50
85
56* 158
85
90
06
90
65
56
86
64
06
91
65
155
86
•55
05
93
85
Do 1st
Do 3d
64* 64% 64*
65* 85* 64% 67
188* 188* 127* 188* 137* 188% 138 138* 188% 139
187% 188*
•l*
8
IK lfi •1% i*
1% 7* 1* IK
•6
la*
5
I*
7
5
0
6
7
7*
7*
7
•38
83 23* 83 88* •32
83* 83
•33
28*
83*
•55
8*
55
58
63
•54
•80* 81*
*
•54
81
00
58
60
54
81
Bid and seked prices
j
58
54
55
04
Strett
Railway.
NBW YOBK
aieeck st
1st
'way a
a Fui f—stook.
7th
Bid.
Ask.
CITY.
mort 4s 1950... Jaj
Are— Stook.
•55
54
•00
54
70
08
70
83
Do
(Given at foot op
Street Railways.
Bid.
Ask.
A 10th 8t-Stook 175 185
ColA 9th Are 5s-S«« Stook Bxohl 1st.
135
130
Dry D B B a Bat— Stook.
118
1st gold 5s 1933... JAD 1115
FAA 98* 101
Scrip 5s 1914
895 400
Big nth Avenue— Stook.
32
100
838
lstmor 5s 1904... jaD 1103
Sd mor 5s 1914.... JAJ 110
Con 5s 1948—Set Stook Kxohl
'way Bur' 1st Osga. 1934
{115
Si oslnt as rental. 1905 1103
Central Orosstown—Stock 865
1st
6s 1938
MAN {185
Oen Pk N a BIT—Stook 189%
M
Oonsol7sl90S.....JaD 106
86
108
340
105
118
1st.
117
105
800
180
801
107
.
105
Scrip 8s 1914
392
43d a Or St Fer -Stock..
63
42d St Man a St N Ave.
1st mort 6s 1910.. MAS 114*
99
8d Income 6s 1915. JAJ
Lei AtA Pay F 5i-8#« Stk Bxohl
196
Ninth ATenue— Stook.
. .
109
408
73
116
100
ist
305
Street Railways.
Bid.
.
Consol. 5s, 1948.. .FAA 1117
Sixth Avenue Stock. .... 305
''on Boulev 5s 1945.. JAJ {111
do Fer 1st 5s 1919.. AAO {108
78
11
87%Jan
66%Jan
10
27 142%Apr
4 May
37
,,
68%J'ne 77%8ep
38 May 64 Not
84%Apr 90 Feb
24
4
68%J'Iy
2
5
1
68MNOT
188%Jan 143 Jan
7%NOT
1 Jan
4
19
94 Jan
J'ne 85
Ask.
300
110
118
825
115
<•••••
Third Avenue— .See Stook Exoh Hit.
Tarry
5s. 1988 108
110
Yonkers St BB 5s
107
106
38th A 89th 8ts 1st 5s.. '96 {113* 114*
Twenty-Third St—Stock. 400 410
Deb 5s 1906
JAJ 100 108
Union By 1st 5s '48. FAA 111
113
WP AM
06
pages).— 81 REET
Second Avenue— Stook.
195
1st mort 5s 1909. .MAN {107
—
• •
May
7%Not
t
425
pref.
7 consecutive
Christ 'p'r
t
a St. L.
'
Aug
12
9*Mar 26
80 Jan 29 29%Mar 27
tt tt
00*Jan 81 68 Mar 31
100 00 Aug 14 80*Jan 8
I
pref.
Plttsb. Oln. Ohio,
Do
81* 81* •81*
82% 83% •80*
at salts were made on this day. I Lett than 100 shares.
OUT8IDE 8ECURITIE8
_
08
08
83
46 May
8S May
• • • 1 1
1,840 67 May
14,826 180 J'ne
730
l%Aug
• t t tt
J'ne
270
,.,,,
pref
pref
PennsylTanla
,
,,,
Peoria Deoatur a Hvansv.
Peoria A Eastern
Pere Marquette
,..,.
5
••ttt* •• •• *>••.«
pref., rot. tr. otfs.
Paolflo Coast Oo
ss*
93
3
8
Mar 29
8 Mar 27
86
10 41%Apr 21
I
pref.
Missouri Paolflo.,..,,,.,,.
185
Apr
58
7
I
Do
pref.
11% 11* Mexloan Central. ..,,...,,
•3% 3* Mexloan Nat'l tr. roots...
55* Minneapolis a
Do
S2H 94*
19
J'ne
,
etropolltan Street
Met. West Side HI. (Ohio.)
•105
55*
J'ly
Deo 80 Apr
13%Deo 33*Jan
8 Not
3 Apr
7%Jan 17*Not
10 Deo 16* Jan
87%Deo 48 Jan
15*Deo 83%J«n
36 Mar 46%NoT
70 Jan 98%Sep
14 Aug 86 Jan
14 Feb 30 Mar
143*Jan 190 Mar
49*Jan 61*Jan
9*Oot
6 May
83 J'ly 87%8ep
53*Deo 66*Sep
105*Deo 182 Jan
10*Mar 15%Ang
40 Deo 62*Ang
7%Jan 16 Mar
63
50 110 J'ly 80 17% Apr 19 •ttltt ••!• #••*•• « •
SO Aug 31 43%Apr 3
j *eb
8 May
3*May 34 3* May 21
••••••
15 Mar ft Ana
10 Feb 2 17* Mar 27
800 80%Mar 16 34%Apr 9 14% J'ne 24 Deo
345 83* Feb 2 100 Apr 2 60 Jan 35 Deo
t t tt
1197 Jan
3 212%May 28 196% Jan 208 Jan
800 47* J an 4 89 May 5 45 Dec 85 Apr
4,010 70*Aug 1 87%Apr 8
83 Mar 88%Oot
6,101 84 J'ne 25 101 Feb 14
80*Deo 133%Apr
3,816 144*May 14 183 Feb 13 147 Deo 269 Mar
24*Jan 29 87%Apr 5 13*Aug 29%N0T
65 76 Feb 27 82%Feb 14
44*May 83 Not
860 10*Jan 8 l4%Apr 18
6 Jan 17%Apr
3 JO
6%Sep
1 Jan
2% J'ne 25 5 Mar 17
1112
Feb 3 110 Oot 116 Jan
1104 Jan 22
630 45*J'ne 18 69% Mar 28 35*Jan 78 Aug
400 87*J'ne 18 97*Apr 5 73*Jan 99%N0T
8%Jan 37*Mar
10 Jan 8 27 Apr 24
39 Feb 72 May
60 Feb 6 69 Apr 24
9%Deo 14%Jan
•• tt
9*Aue 4 13%Mar 28
700 38*J'ne 25 40*Apr 17 88% Deo 45%Aug
6,250 88%Jan 11 61% Apr 16
33 Dec 22* ApT
100 85 J'ne 20 48*Apr 2 38 Jan 63 Aug
10 U83%Janl9 U89*May 4 176 Jan 1187 Not
2,438 125%J'ne 25 189%Apr 4 180 Deo 144*Mar
ll%Dec 19% Jan
11 J'ne 20 14%Mar 29
65 Mar 85 Oot
70 J'ne 29 85 Jan 31
89 J'ne 20 40*Mar 29 89 Dec 41 Jan
1400 May 16 1420 J'ly 13 1360 Jan 1390 Mar
1180 Jan 18 1135 Mar 10 189% Jan ilSSKMh
60 I210*j'ne20 121 5% Jan 8 1198 Jan 1333 Apt
6,030 18* J'ne 30 26* Mar 28
18% Jan 88%Mar
17% Mar 88KAng
4,060 83% Jan 10 40%Apr 18
80 87 Jan 8 81 Apr 28 81% Jan 74*Ang
57*Ang
43%Jan
13,320 48 J'ne 22
Apr 4
1,043 69%J'ne 35
8* Mar 38 88 Deo 81%Jan
S3 J'ne 52 Jaa
. .
104*
Highest,
1.039
.
164* 104
J'ly
554 08 Jan 8 67%Ar>r 5
1,098 110 J'ne 35 120*J'ly 83
1,100 ll%Jan 13 20% J'ly 30
300 43 Aug 13 58 Mar 30
10 Jan 8 18 May 4
7%Jan 81 3l%Mar 87
pref.
t
84
78*Mar 26
19 Mar 26
6*Mar 5
17%Mar 5
14%Mar 27
43*Apr 4
23%Apr 4
54%Mar 15
94*Apr 19
15*May22
18
30
J'na 18
03*Mar
9
5* J'ne
600 80% Jan
tr.reo.
Lowest.
39%Mar 21 15%J'ly 87 Sep
7%Mar 23
8%Jan
4%8ep
47*Mar 87 85 Deo 58%Mar
20* Mar 21 13%Deo 35 Mar
119*Mar 28 106% Jan 135*Apr
415 144% J'ne 83 174*Jan
"B"
Do
10
2v
90
37
93
4
13
15
• • • 1
ous year (1899).
18
48
14* Apr
. .
{
15
6
86
11 186 Feb 20 157 Jan 194*Oot
10 24*Mar 26
15% Deo !5* Apr
81*Jan
15%Jan
40%Jan
ttt ttt
12* Kan. City So. vot. tr. otfs.
Do pref., vot. tr. ctfs.
4 Keokuk a Das Moines
•14
38*May
14%Jan
1st pref.
2d pref.
30%
30
t t t •
5
10%J'ne 31
pref.
Grr'nB.aw.,deb ofs.
"A"
Deb.
Jan
5%Jan 29
100
a Torre Haute ..
Do
pref.
Ft. W. a Den. O., stamped
t. Worth a Bio Grande,
6
81
•••tt
Lake Brie a Weitern.
Do
pref.
309
Lake Sh. a Mloh. South.
tt tt 209
60* 60* 64% 64* Long Island....,,
71* 71% 71% 71% 71* Louisville a Nashville....
e }* 91%
91% 92% 91% 91% Manhattan HleT.,ooniol.
30*
}80
•UK
82
I t
,
46
71* 71* 70% 71
91* 91* 91
91* 90% 91
153 153* 153
159* 153* 153
163
6
.
34% 34* 34* 34* •84
34* Hooking Valley
63* 83* 68% 63* 163* 63%
Do
pref.
118*116* 1117% 117% 116% 116* 116% 116* Illinois Central..,,
„
19
19
18% 18% 18% 18* 18* 19 l-owa Centra!.
44 46
14 46 44% 46
44
44
Do
pref.
14% 16 •14% 16 •14% 16 14* 16 Efanawhaa Michigan...
«30* 30*
•2*
4
15
•88*
.tt ttt
6
tt
for prev
.
1,300
1,800
reat Northern,
Range
Mar 36 14 Apr 19%Ott
Apr 8 88 May 48*O0t
39*Apr 8 17 May 24 K F «0
58* Jan 11 74%Apr 8 60%Jan 68%Aog
05*Jan 8 89% Apr 19 43%J'ne 61%Apr
78%Jan 9 90 Apr 16 67*J'ne 80%NOT
49 J'ne30 80%Apr 10
61 Deo 187 Apr
03 Feb 37 73 Aug 29
30*Mar .69 Not
93 Jan 18 115 Apr 26
69 May 103 Det
80%J'ne 30 99%Feb 13
84%Mar 99%May
47%Feb 87 58*Apr 7 46*Deo 70 Jan
91*Feb 86 93 Feb 26 85 Feb 94 Not
110 Jan 6 188 Aug 23
97 Jan 186%Not
—
84 J'ne 80 S3%Apr
83%May 81?
119%Jan 10 183%Apr
114*Deo 149)
37 Apr 30 39%Jan 15
35 Deo 68J.
88 Jan 31 109 Mar 27
59%Jan 100*8ep
130 Jan 17 126 Aug 15 112% Jan 183%gep
10 J'ne 18 15* Apr 2
10%Deo 80%Jan
81 J'ne 19 89 Feb 1
83 Deo 10 3% Aug
68*Aug 22 78%Apr S 50%Jan 86*Aog
SO J'ne 33 42 Mar 31
88 J'ne 44%Sep
14 Jan 16 29 Apr 16
7%Jan 19 Not
40*Jan 34 63%Apr
31 Jan
02%Not
108*J'ne 85 126% Apr
113 Deo 136*Sep
169* Jan 18 174%Mar 21 165 Deo 179 Sep
150*J'ne 25 167*May 22 141*Jan 173 Sep
19 5* May 9 303 Aug 34 188 Jan 210%8ep
102 J'ne 25 114%Mar28 100 Deo 133%Jan
112 May 12 123* Jan 31
91 Feb 136*8ep
175 Mar 3 170 Jan 185 Sep
172 Feb
13%Apr 27
9 Jan
7%Jan 85*Mar
30%J'ne 35 39%Apr 27 31%Deo 58%Mar
55 J'ne 19 66%Mar 30
43*Jan 64%N0T
103%J'ne 1 lll*Mar 39 94 May iou Dee
14*Jan 10 28 Apr 27
9 J'ly 16% Jan
46 Jan 2 72 Apr 19 87*J'ne 49%Dee
ll%Dee
9 Jan 4 12%May 8
6 Oot
688 110 J'ne
710 174 Jan
100 16%Jan
120 64* J'ne
13 J'ne
163% 63%
tl
• t I
•14
44
14*
t t • t
.
Bvansr.
153* 1153% 103*
tt
16%Mar 8
40%J'ly 84
18% J an 8
pref.
Do
Do
Do
• t
280
800
Southern
1st pref.
do
3d pref. do
Erie.
84* 34*
34* 34*
•116* 117
.5* ig*
tt
a
Oes Moines a Ft. Dodge..
Dul. So. Shore a AU
••••••
6
•15
100
a Wheeling.
.
15
I
862
.
prof.
Colorado Mid., rot. tr. otf s.
Do pref. rot. tr. otfs.
42
It
• t
15,
pref
<
68* 68* 63*
63*
A St. L..
. .
••••I ••••«•
•84% 84*
ttt
Do
•16
16 17 18 16*
17
Do
111% 118* 111% 118* •111% 118* Delaware a Hudson .
176
177 177
177 177 •170 177
177
el. Laok. a Western.
13% 19* •18* 19* Denver
19
19* 18* 19* 19
a Bio Grande. .
187* 67* 6 7
67
66*
67* 36% 87
Do
pref.
16
17
113* 118
153* 162* 152* 158
•158
• • • •
• • • • •
prof.
CIot. Oln. Ohio,
-
•88
9,870
Om...
Do
13 !o" •18 10 13 15 13 15
•4
•4
•4
4% •4* 4%
4* 4
12 J" •a* tt4K
•11* <••••• 11
16
18
18
ttt
10*
10%
ii
11* •10% 11* •10* U*
11* •10* 11*
33
S3*
33%
33%
33%
34
84*
33%
84
34%
34%
16 18
•15* 16* 16* 16*
15% 17% •18
17
•42* 45* 43* 40
43* 45 •42* 45
40
40
83 84
80 84 •80 84 *8J 84
64
84
84
•10%
a
490
760
363
Do
pref.
Ohio. Terminal Transfer.
58
110
37
68
•6
Minn,
Ohio. St. P.
i2«
30*
•41
•••!
••
Capital Traction
New Jersey....
27* Chesapeake A Ohio
125% Chicago Burl. A Qulnoy.
69*
§38
23
34
58
lllllt
Central of
*•••!•
98*
125
108*
135
Range
for year 1900.
of the On basis of ioo-sh're lots
Week.
Shares Lowest.
Highest.
Bales
N. T.
425
1.
Weekly and Yearly Record.
Daily,
Prida
Page
(2 pages)
8T00KS—HIQEBST AND LOWEST SALS PRIORS.
Saturday,
Aug. 25
1 1tI
.
8
43
80
May 88 Jan
Feb 100 Atg
RAILWAYS,
Street Railways.
Westohest 1st 5s '43. J AJ
.
BBOOKLYN.
1909.AAO
AAO
Con 5s g 1931
Dnpt 5s— See Stock Bxc
B. B. AW.B. 5s 1933. AAO
Atlan. Ave.,5i
Brooklyn City— Stook....
Cons St— See Stock Exc
BklynCros8tn5sl908.JAJ
BklnHgtslst 5s 1941AAO
8'kyn Q Co.A Sub— See St
Blrlvn
Rao Tthti.— «ta*
atn
<*c.
. .....
. .. .
.
THE CHRONICLE. -STOCK PRICES (2 pages)
426
8T00K8- HIGHEST AND LOWEST SALE PRICES.
Tuesday,
Aug. 28.
Monday,
Aug. 27.
Saturday,
Aug. 25.
17* ~16* 16*
57% 58
67% 58
*m 88% •87 89
e *
«
•16% 17
•7%
116%
•16
•9% 10
•14
•110
•67
33% 83%
18% 13*
30%
80
33% 83*
•11
11*
53
62%
•14
14%
11%
53% 52H
14
14
•
,
•35
•45
» •
# •
•
• t • * •
•••••
• • « • •
8t.
•
58* 66%
••••
Do
Do
188
"33
16
164
64
15
•61
138
15
64
•18%
•8*
I
46
124
•13*
•87*
•85
168
•3i% 33
'65
67
10%
10
154
•58% 63% •53% 53%
•4%
5
4% 4%
83 36
•33% 84
•36% 37
36% 36%
52
167% |'55
88% 83%
•65
9%
68
10
1
33
65
9%
4*
93
36%
88%
84
68
4*
84
36* 36*
89
89%
19%
1«*
18% 18* 18% 67*
36%
67*
•65*
187
67
35*
84*
84% 84% 34% 74*
74%
74%
74% 74% 74
118*119% 119% 120% 130%
181 183
118% 121
139%
38%
68
62
„**
lstpref
70%J'ne
i',550
17 J'ne
8 J'ne
48 Aug
3d pref.
605
new
50
530
16
89
Do
?
39
700
850
pref
Amerioan Linseed
1,358
Do
•4*
Do
pref.
736
800
100
Amer. Smelting a Refining
8.770
Do
pref.
pref.
Amerioan Malting
•84
86
189
89*
135%Jan
8
3
1 5* Deo
42*Dec
22*Dec
35*Jan
33%Mar
20*Mar
87
J'ly
Jan
2 1130
57
18*Jan 15
57%J'ne3S
38%May
9
J'ne
8%Deo
64 May
38*Deo
6*Jan
49%J'ne 25
J'ne 12
18%J'ne 87
34%J'ne 18
85 J'ne 36
17 J'ne 35
64* Aug 38
Amerioan Steel Hoop
55
18
Jan
Oct
!4%Feb
75*Jan
44%Jan
18*Aui
10*Aug
May 44*Not
May 14*O0t
10% J an 58%Not
13*Dec 85%Mai
17
87
10
Jan
117*Dec 843 Feb
Apr
Apr
18 Feb
67%Apr
37*Apr
100 Apr
33%Jan
26
3
3
31%Dec 32%Sep
13*May 81 Not
45 Dec 59 Ang
30 1108 Jan 1119 Feb
7
10%Dec
9
51 Dec 68%SeV
7
30 Deo 46 Not
J'ne 35
Jan 8
6
88%Jan
32 30 Oct
34%Jan 4
1113 Mar 6 159 May 2 183 J'ne
37* J'ne 26 49%Apr
31 Deo
60*J'ne 19 78%Feb
73* Deo
9* J'ne »i 16* Feb
8* J'ne
30
90
843
Jan
38*Mar
44 Not
66 Jan 90*NOT
3*J'ne
7*Dee
tW™
111
3
Highest,
30 Jan 39 Apr
85 Jan 45 Dsa
"68*Jan"84 38 Jan 78 Apr
149 Apr 18 118 Jan 141 Feb
10 60%Apr 4
38%J'ne 51%DM
38 78%4.pr 4
68%Deo 84*Jan
16
9%Apr 37
6%Deo
85 84%Apr 27
19 May
18 ll*Mar 36
7%Deo 18 Aug
30 58%Apr 3 45 Dec 64 Jan
8
1,724
pref.
Amerioan Cotton Oil. ....
pref.
o
Amerioan District Tel ....
Amerioan Bxpress.
•
American Ice
15* Mar 27
6l%Mar 27
Apr 17
81
21%J'ne 18
18 J'ne 8'
"482
pref.
Do
32*
44%Jan
6,019
i
10% 10%
53
665
61%J'ly
136 Jan
1,800
SS
.
merloan Car A
•25
•154
45*Mar
Range for previous year (1899)
Lowest.
81*Apr 4
66*Apr 5
35%Ai r 5
65 Aug 17
93 Mar 22
10%J'ne 35
49%J'ne 85
13%J'ne 35
lecellan's Stocks
•61
33
65
new
Highest.
16 J'neSO
49 Jan 9
86 Jan 9
43*Jan 37
80 Jan 16
8%Mar
pref
B.,
Adams Bxpress.Foundry
138
•88%
•88%
84',
Do
31
100
...pref.
Wlioon. Central,
II
Lowest.
••••sees
By
Do
Do
41
8<
•33
33
•88% 34
138% 33%
•88* 90* •88% 90%
•86
88* •85
38%
•165
I
989
500
144
pref.
Wabash.
Do
Wheeling * L.
li
{15% 15%
•61
1,040
Transit.
Do
•7
for year 1900.
On basis of too-sh're lots
pref.
1 Jnlon Paolfle
ITI
•138
•15
tr. otfi.
pref., Tot. tr. otf i.
Twin City Rapid
63
58* 59%
76% 1(
695,
134
.
Texas* Paolfle
hlrd ATenue (N. T.)...
110*110%
•35
Toledo * Ohio Central ....
63
Range
[Vol. LXXI.
2.
5 May 34
7%Aug 81
38*May 38 49%Jan 2
800 ll%J'ne86 16*Feb 5
886
8%J'te35 12 Mar 31
66 J'ly 18 72%Mar 30
860 31%J'ne38 39 Mar 80
4,960
8*J'ne 20 18%Mar 26
12.185 21%J'ne 33 34* Apr 16
10,510 30%J ne 18 13 Mar 27
pref.
Do
7
1!
Louis Southwestern.
Page
1
130
Southern, Toting
76V
7*
18% 18*
9
9
145* 45V
123% 88*
13* 15
37% 39
•134
15
pref.
TOt.tr. oti.
lit pref.
3d pref.
8. Fr., rot. tr. otf i
1st pref.
3d pref.
Southern Paolfle Oo
•• •«•
59
76
18,890
1,800
AG. in.
Do
•45
••••••
•*•*«•
J.
Do
Do
St. L. A
Do
Do
.....
•••••• ••••
Do
St,
•109% 110%
•*>•
lit pref., Tot.tr ctfs.
69
69
730
.
3d pref., Toting tr otfs.
Bio Grand* Western
10
33%
SU%
118
•85
•45
•9%
133%
oavt
18%
67%
Reading, to ting tr. otf
28
69
•67
18% 13*
89% 80)4
33* 83*
n*
im 16*
57% 67%
38
Sales
of the
Week.
Shares
3TOCK8.
T. STOCK EXCH
N.
Aug. 31.
54
85 88*
7% 7% 7%
47*
16% 47
16*
16% 16
•54
?%
*46
47%
•15% 18*
9% -X*
•66
69
•33
88%
13% 1*3
89% 80%
88% S3*
63%
38
59
Sv
»••*••
•7%
•11
57%
67
•37
60
00
» • •
Friday,
Wednesday Thursday,
Aug. 29. Aug. 30.
ie%
t
J
.
60 Feb
7*Jan
31*Jan
43%Feb
93 Mar 24
50%Feb 6
ll*J'ne
6%Deo
34 Dec
30 Dec
77%Dec
97%O0t
53%Mar
!160*Aa
i$%
16*N0T
81
DM
37%Jan
87%Jan
59 Apr
94%Apr
10,690
84 May 48%Not
pref.
1,470
Do
70 May 86*Sep
86 Feb 6
67*
36
Amer. Steel* Wire (new) 40,584 38*J'ne 35 59%Apr 2 83 Deo 79 Mar
2
pref
5,277
69*J'ne
84 Dec 10 6* Mar
Do
95 Feb 1
74*
120* Amerioan Sugar Beflnlng. 163.846 95%Mar ' 137* J an 4 114*Deo 182 Mar
pref
100 107 Mar
Do
118 J'ly 14 110 Jan 123 Mar
116 118 •116 118
lie lie •116 118
•lie 117 •118 118
190 J'ly 88 i 98%Jan 13 194 Dec 105 Apr
90 93 •90 98 Amerioan Teleg. A Cable.
e • • e
93
•89
89
93
•89
•89
93
93
11,330 18 J'ne 26 36%* eb i
30 Deo 58*Apr
29
39% Amerioan Tin Plate
37
27% 88* 28* 80
37% 87
86
88
26
pref
2,503 70*J'ne 26 81*Apr 9
74 Dec 99% Feb
Do
80
79
79% 80* 80
79
78
•76% 78% »79% 79% 178
25
339%Apr
Tobaoeo
38,715
J'ne
.......
14
t78*Deo
American
84*
lll%Feb
93%
93
93% 93% 93* 93% 94% 98
91% 93
98% 93
pref.
10 128 May 17 110 Feb 16 181 Deo 150 Msr
Do
138 133 •138 133
1139% 188%
• •» • •
1,790 37%J'ne 85 51% Apr 3
31* Deo 70
144% 46% 44% 44% 44% 44% 44% 44* *44* '44% Anaoonda Copper
44% 45
2 175 May 31 130 Deo 160 Mar
•toe** 110 Jan
•166 174 •167 174 167 174 167 174 •167 174 •167 174 Brooklyn Union Gas
25
DookAC.Imp't.
9*May 80%Aug
100
6*J'ne
16%Jan
26
runsw.
*<J*
7
7* •6% 7
7
•6%
7% •6% 7% •«« 7%
5%Apr
l%Jan
l%May 7 2% Apr 10
Colorado Coal A I. DeT't
30*Feb 64 Sep
i',750 99% J'ne 18 51* Apr
2
olorado Fuel A Iron. . .
35* 85
35%
84% 34% 34% 34% 84% 84% 84% 36% 35
pref.
130 J'ne 8 131*Jan 17 88 Jan 180 De«
Do
•116 ISO* 116 180* •115 120% »U4 18f% 114 131* 119 130*
600 ll*J'ne3S 31 Apr 3
6*Feb 3l*8ep
Col. A Hook. Coal A Iron .
14* 16 »14* 16 #15 15 15 16 Consolidated
•14% 16
•14% 16
(N.
T.)..
7,356
*167*A'gl4
Gas
199 Jan 3 163 J'ne 383*Mar
173* 174* 174 174*
175 175
174 174* 173% 174% 173* 171
81
Deo 65%Apr
7,906
Tobaooo
81*May
Jan
3
80
Continental
38
36%
36% 2e% 26% 26
86
86
85% 86% 25* 25* 36
pref.
1,315 70 May 12 89*Jan 8
71 DO' 103%Aug
Do
78* 78% 78* 177% 77%
79
78
•77
78* 77% 77% 79
63 Jan 101 Aug
90 Aug 18 98*J'ne 11
Detroit City Gas
93*Jan 180*Oct
101 Jan 3 12 %Feb 39
Brie Telegraph A Teleph.
J'ne
85
39*Deo 75 Apr
Steel
9,876
26*
57*Feb
6
83* 33* 33* 84% 34% 35% 34% 34% Federal
38% 34
83% 84
pref.
2,047 60*J'ne 36 77*Feb 6
67 Deo 93*Apr
Do
67
67* 167% 87%
•66% 66* 66% 66* 65% 8ft* 66* 67
650 64 May 17 81 J'ly 17
..... ....
77
77% 77% 77% 77* Gas A Bleo. of Bergen Co.
77
76* 7t* 77
77
95%Jan 138 Not
1,87 120 Jan 10 110*Aug 80
138* 139
189 139 General Kleotno
•187* 138* 137% 188* 137*137* 138 138
870 44 May 15 58* Feb 5
37 Dec 76*Mar
58
51* 51* 51* 5i* 51* 51% Glnooie Sugar Refining.
•51* 52* 51* 5!% 158
'
pref.
100 98 Jan
101%Feb 1 95 Dec 110 Jan
Do
98
99*
99* •98
99* 98% 98%
•98
9w% 98
90* •98
97 Jan H7%J'ly
106 J'ne 35 115%Jan 11
103
•• • •
103
H. B.ClafllnCo
103
103
•103
103
310 14*Mar
35%Jan 3 17 Deo 68*Jan
33% International Paper-- .
139% '3S% •39
•83
38* 82* 32* 88% 32* 33 "23
626 58 Mar
i>ref.
70*Feb 6 62*Dec 95 Jan
Do
68* 66* ee* 167% 67%
166* 66* 386* 86* 166% 66* 66
600 31 J'ne 30 80%J'ly 11
39% 39% 28% 88% 98* 38* 88% 38% 88% 88% •88* 29 International Power
300
3%Aug ; 10% J an 36
9 Dec 36 Feb
Imernatiuuiu aiiver......
•3%
•3% 6
•3%
5
•4
5
4
4
4*
34 J'ne 39 10 Feb 13 80 Dec 63*Feb
Knickerbocker Ice (Chic.)
15 83 •16 80
••tee* •••*•
sees* •••••
pref.
52*J'ly 81 66 Feb 8
70 Not 84 Feb
Do
...... 59*
51 Mar 85 Dee
65 May 10 80 Jan
aclede Gai (St. Louii)
•73
73 75
•78
•73
75
75
•75
75
76
•75* 76
96*J'ly 103%May
pref.
96 Jan 11 100 Jan
•98 100
98 100
Do
•98
•98
•98 100
•98 100
100
100
39 Apr
6*Jan 30 18*May
6 Jan
10 15 •10 12 •10 18 10 13 Manhattan Beaoh Co
•10
•10
16
15
31 Deo 63 Jan
1,210 33 J'ne 31 10*Feb
32* *31* 33 National Blioult
•81
31% 81* 81* 31% 31% 81* 81% 32
pref.
30 79*J'ne 18 98 Feb
89 Dec l07%Jan
Do
80 87 80 87 186 66 83 86*
•82
86
86
186
98*Deo 40*Jan
100 15%Aug 11 38%Feb
18 National Lead..,..
•17% 18% •17
18* •17* 18* 18
•17% 18* •17
18
115 Jan
11
103*Deo
pref.
30 83
106*Feb 30
Do
91
90* 188% 88* •88* 91
•88% 90* •88* 9C* 88
31*Deo 68 Apr
4,576 30 J'ne 33 53%Feb 6
9-;* National Steel
•86
3f* 25
87
87
35
86
86
35
86* 38
3,: 68
pref.
79* J'ne 36 97 Feb 6 85 May 99%Aug
Do
86
86
84% 88* 84* 85
84* 84* 84* 84* •84% 85
8,40* 40%J'ne 36 54*Apr 5
46* 46
46* 46* 46* 46* 1«% National Tube Co
46
4«% 46
46* 446
pref.
8,302 8 6* May 14 93 A-gSl
Do
I9i* 93*
92% 92* 92% 92* 92* 93% 93% 83
92%
"30
83 Aug 15 37 Apr 30 36 Oot 43 Jan
•30
•30
30 35 NewCent.Coal (new stock)
•80
86
35
35
IS* •30
35
Brake....,
115 May 1 150 J'ne 7 110 Dec 880 J'ly
Air
188 187 198 137 N.Y.
135
•188 135 •128 136 138 185 128
6%Jan 17%N0T
810 13%Jan 83 15%Mar 36
15 15% 15 15* 15 15 15 15* North Amerioan Co
•15% 15% 15
IS
6 Mar 10%Apr
•6
•6
6%J'ly 7 9 Feb 8
Ontario SllTer
•8
7
7
7
7
7
7
"P75 35* J'ne 11 47*Jan 2 86 Deo 55 Jan
30* 31* 31 31
83
30* 31% PaolfloMall
•30* 88* 30* 81* •30
90*Dec 1 99* Apr
eopTsGas-L.AO.(Chlo.) 41,593 92 Mar 9 lll*Apr 9
96
96* 96* 95% 96% 66
96% 98* 95*
95% 96* 95
4 1* J'ne 61 Aug
1,595 37*Aug 98 58* J an 17
38
38
38* 39% 39% 89% Pressed Steel Car
S3* 38* 88
38* 37* 38
pref.
800 71 Au. 25 88*Jan 17 75 Deo 91 Sep
Do
72
72
72
78
73
71
71
69
7 * 71* •70* 72
307% Oct
150 176 J'ne 26 189%Jan 19
•186% 189 1187 187* 187 187 186 188* •187 188* •186% 18^* Pullman Company
33%8ep
8,565
8* J'ne 25 27*Feb 6
13
12* 12% 12* 12% 13
12% 18 Republic Iron A Steel.
12
11%
79 Aug
55* 51* 55
pref
3,430 49 Aug 1 70*Feb 6
Do
54
•53
54
55
51*
53%
53%
53*
85 Apr
5S
59%Jan 16 60%Mar 8
jllTer Bullion Certlfs. .
•61* 22*
•61* 62* •61* 62* •61* 62* •61* 68* •61* 62* Sll
"300 19 Aug 80 23*J'ne 15
loss-Sheffield 8. A I
•20
•80
84
;2
•20
•20
19
81
32
S3
19* •19
pref
59*J'ne 25 67 Aug 80
•66
Do
•6«* 67
•67
67
•66* 87
•67
e* * 67
68
68
6%8ep 15*Not
333
4*Mar 8 10*Jan 3
A Twine.
6* 5* •5* «* •6% „?* •5% 6 Standard Rope
16%
5* 5*
Iron
36 Jan 136 Sep
BR
A
.. .
6,885 68 J'ne 36 104 Feb 2
70
68% 89* 70
70* 70% 71* 70* 70% Tenn. Coal
70
69* 70
15*Jsn
11 Not
13* J 'ne 19 16*J'ly 11
see*
•11* 16
•14% 16
•14* 16
•14* 16 Texas Pacific Land Tiust
•14* 16
•14* 16
17*Deo 45 Mar
75 10 J'ne 18 85 Feb 7
•11
•11
11
18
12
11* 11
12* »K% 10% Union Bag A Paper ....
18* 11
Mar
89
pref
991 56*May 9 77* Feb 8 71 Dec
Do
•34% 64% 184* 64* •61% 64% 64% ««*
66% 66* 61% 65*
Jan
Mar 13 !49*Mar 31 445 Dec 60
• s e e • • 145
United States Bxpress....
•45
•45
•46
•45
45
47
47
47
47
46* 45
47
7*J'ne 35 19 Jan 3
5* J'ne 10%NOT
4,950
lr %
1094
10* 10* United States Leather
10* 10% 1C* 11
10% 11
64*Deo 81%N0T
880 65 J'ne 35 77 Jan
pref
Do
69
168% 68* 68* 69
69
68* 68»4
168% 68% 68* 69
37%Deo 57 Apr
6 44 Jan
3,664 81 J'li
99* 29% 291*
89
&9% 29* 29% 3'% United States Ru bber.
29* •89* 80* 99
99* Dec 191 J'lT
pref.
185 90 Feb 87 104*Jan
Do
•94
•94
•94
95
85
97
94
961.
95
94* 94<„ -94
190 Dec 135*Sep
Fargo A Oo
10 130 J'ne 1 U89*Feb
•195 130 1125* 135* 185 130 •185 180
195 180 •124 13<>
WeUs, Union
82 Deo 89*J»o>
Telegraph
618 77*J'ne 38 88%Jan
est.
•79* 80*
79* 70* 180% 80*
80
80
79M 79* 179* 80
itockdlT.
t
Ex
rights.
• Bid and asked prloei: no sales on this day. I Less than 100 shares. tBx 100 p. c
30* 20
67* 67*
37% 85*
75* 74%
181% 117*
20
•
,
.
;
Am
6
6
6
U%
%
.
1
J*
K% K*
OUTSIDE SECURITIES
Street K.ali> <w
Ooney Island A Brooki>
JAJ
1st 5s 1908
>
is oertfs lndbtlOOS.JA.i
B'kC.ANew 5s '39 J 4,1
Sr.Bt.ANew lst5s'06AA<
G'p't A Lorlmer St. 1st 61
Kings Co. Hleraied.—
lit 4s 1949
If assau
Bid
.
108* 103*
101
114
101
J
1
90
JA.1
T«wWmb'gAFllstez.4*e
PtnltiwaTl.fW.1093
1
'
80
113*
91
5
me*
Street Hallways.
OTHBR
11 B
Bid.
C1TIBB.
Buffalo Street Ry— Stock.
1st oonsol 6§ 1931.FAA
MAN
RR— Stock.
Deb 6il933
Chloago City
8i% 88
75
AA'
115
1 5
U'6
Bleo pref
6s 1944
lit 4s 1948
Ask.
325
(Given at foot of
Indianapolis Street Ry...
Clereland City Ry
Clere City-lit 5i '09. JAJ
Cleveland Bleotrlo Ry....
MAS
Con 5s 1913
Columbus 10) St Ry......
Preferredte s * « e * • s • • e
i
•
•
100
*116*
1108
350
oonsbouttve paghs).— STREET RAILWAYS, do.
Bid
Bid. Ask.
Street Hallways
Htren KbIIwhm
Ask.
«r
SO
New Orleans City Ry ...
list.
Col St Ry— Con 5s -Set P blla.
96W 98
Preferred
CroMt'wn— 1st 5s. .... 1107 no
900
8P0
15* 17* North Chloago— Stock..
J C Hob A Paterson
•sees*
JAJ 107* lo8
1st 5s 1906-16
1949 MAN
79* 80
4i g N v
see
82* 94
7
111
365
34*
100
108
83
108
.
. .
1
•
101
101*
81
me
89*
8'
83
80
Kansas City
BO 6i
North Jersey St.—Stock
1108
81
84
89
Bonds
10* Pat Ry oon 6i 1931 JAD 100
AAO ira
Qen6i 1911
94
91*
-ot A Pawt'ok-lit,6i '33 41. 3* 116
Louliv St Ry— 5 p o bondi H18* 119*
17
16
loohester Ry
88
89
Common.
AAO 1107* .....
118
Oon Si 1930
11V
Preferred
JAi
Guar «• 1939
Lake St iChio) Bier-Stock
JAJ
deb Si 1928
1
>
se
• e •
«*
,
ynnABos-lst 5s '84.JAD #113
Mlnnoap St Ry-5s'19.JAJ {108
I
1
108*
JAD
3d 6i 1983
i Buyer payi acoraou
89
ni«
84
•St.
Sept.
J
9
.
THE CHRONICLE —BOND
1900.]
1,
—
NN
»
BOND3
T.YJSTOCK EXCHANGE
Wbbk Ewdino ACS.
31.
Price
Friday,
Week's
Range
Range or
tinee
Aug. 31.
Last Sale.
Jan. 1.
91* 91*
100*
AtchTA8Fegeng4i..l995
1995 A-O
85*
1995 NOVT
1995 NOTt ••••*•
Registered
1»95 NOTt
Stamped
Bqnlp tr ser A g 5s. ... 1 902 J-J
Chlo A Bt Lou 1st 8s.. 1915 M-s '115
Atlanta A Char. See Sou By.
Atl Anox A No 1st g 5s. 1946 J-D 103
Atlan A Danv See South Rj
Atlao A Tad. See South Ry
Austin A NW. See. Bo Pao..
Creek A S. See Mich Cen
Bat
J
84*
alt A O prior 1 g 3*6.1925 1
19251 J
Registered
A-Ot
iooii
1948
Gold 4s
1948 A-Ot
Registered
87 *
Bonthw Dlv litg S*s.l925 J -J
1925 J -J
Registered
"
"86
PJunAMDlv 1st g S*sl925 M-N
Adjustment g 4f
* * - • •
'
w
Registered
Sale
• • •
•
•
* 1
199*1
99999
• * • • I
••••••
•••!»•
••*••
•••••• ••••••
•
90
99
•••
••••e
•
Chlo A Mo Rlv Dlv Si. 1936 J-J '180
1910
Chlo A Pao Dlv 61
-J •118
Chlo
-J 'U8*
1st g 5s... 1921
Dak A Gt Bog 5s
1916
-J •1 in
Far A Son asm g 6i. .1924
-J 135
1st Hast
Dlv 7s... 1910
-J 127
••••<
100* 106
Apr '00
106
84*
99% 100*
100* J'ne'00
Sale
87*
87
Sale
• •
Mineral Point Dlv 5s..l9l0
1st So Minn Dlv 61.... 1910
1st Southwest Dlv 6s.. 1909
102*
101
Wli AMlnn Dlvg 5I..1921
Mil A No lit M L 61.. .1910
91*
litOoniol6i
1913
ChioAN'west—Oon 7I..1915
91
97*
140
100
"74
66*
"87* 86* Ang'00
86
111
May'00
HI
J'ne'99
113
•
1
Registered
Extension 4i. .. .1886-1926
Registered. ...1886-1926
Gen Gold 3*i
1987
Registered
1987
Sinking fund 61. 1879-1929
•••••
•
See Hrle.
M-S
1937
1947
114
J - 1 124
Debenture 6s
Al AWeu l8tg4sga.H98 A-O 101
ClAMahlstgug5s...l94S J -J 118
Rooh A Pitts 1st g 6s.. 1921 F-A 126
1922 J-D 125*
Consol 1st 6
Ban* A Southwest. See Brie.
BnffASasq 1st gold 5i.. 1913 A-O •102
Registered
1913 A-O
114* 113*
118*
....
....
....
••••••
103
t29
127
124
J'ly'00
J'ne'00
....
100
Nov'99
•
Registered ....1879-1929
Sinking fund 5I..1879-1929
Registered.... 1879-1 929
35-year debenture 5i .. 1909
Registered
1909
30-year debenture 5s..l921
Registered
1921
Sinking fund deb 0i... 1933
Registered
1933
Des Mo A Minn 1st 7i 1 907
106*
118*
116*
105
M A 8t List gug 7s.... 1927 J -D
107
109
1918M-S
3d 5s
Registered
1918 M-8
Oarb A Shawn. See 111 Cen.
Oar Cent. 8m Seab A Roan.
Carthage A Ad. SeeNTCAH.
2 108
5 115
106*
118*
117*
3)1
107
107
108* Aug'00
108
DP
87
1st g 4s.l948
See Bait
O.
Ry— lit g 5s. 1945
Apr'00
104
.
1946
MldGaA Atl Dlv5s...l947
Mobile Dlv lstg 5s.... 1946
Oantof NJ-lstoons 7i.l902
General gold 5s
1987
Registered
1987
Convertible deb 6s. .. .1908
Am Dock 4 Imp Co 5s.l921
LeAHad Rgen gug5s.'20
Leh A
B C 5s
1912
Con extgaar 4*s...l9ic
Cent Paolfl o See So Pao Co
OharlesASav lstg7s-..1936
Cbe»AOhlog8s ser A..1908
Gold 6s
1911
litoong5i
1939
Registered
1939
W
J -J
J -J
U-N 107
-J 122*
I
121*
M- N 132
M-N 104
y-M|
A-OI
VI-N
U9*
1989 J -J
.
.
.
Dlv 5i.... 1905 F-A
DenvDlv4s
1922 F-A
Illinois Dlv g 3*i ...1949
-J
Registered
1949 -J
Iowa Div sink fd 5s ...1919 A-O
4s
1919 A-O
Nebraska Bxten 4s .... 1 92 7 II -N
Registered
1927 W-N
Southwestern Dlv 4s.. 1921 M-8
Convertibles!
1903 M-8
Debenture 5a.
1913 W-N
Han A Bt Jos con 6s... 1911 .H-8
Ohio A Bill. 1st sfcur 6s, 1907 J-D
Small
1907 J-D
lltoong»s.
1934 A-O
Gen oon 1 st 5s.
1937 M-N
Registered
1937 M-N
Ohio A IndC By 1st 5s 1936 J -J
A Iowa
I
108*
109*
'
118
130
J'ly '00
105
101*
....
116* J'ne'00
117* J'ly'00
117* Aug'00
117*
....
117
90
US*
mo
Bale
90
100
100
•
106
108*
10R*
101*
10«*
J'ly'00
93
General gold 61
130
110
103
102
99*
"01* ...
102* 103
lstg
116
105*
101
CC
103
104* 104*
100* 102*
100* 105*
115* J'ly'00
105* J'ly'00
115* 117
Ill
111*
HI* 1U*
95
120
102
103
107
108* 113
103
132
122
113
U4*
J'ly "00
Aug'00
115
115
133* 138
1
100*112
Ang'00
Aug'00
Aug'00
HI*
Outside 8ECURITIE8 (Given
00
m
foroeiter (Mass)Tr-Com
Preferred
flu
51*
80*
31
66
85
68
1
85*
HI*
99* 100
102
80
100
103
88
...1914
7i
1914
Gen oonsol gold 6s . . 1 93 1
Registered
1934
f
119*
113*117
117
110
107"
i'0'9*
..*•»•
•
• • • • e-e
18* 188
1
*••••
miii
e
103* 108*
12* 118*
112*118*
1
111*
132*
135* 139*
i9*i* 137*
'37* 137*
110
120
li*9*
189*
105
106
129
137
184
98
96
183*
108*108*
105*107
56
86* 86*
114
107
140
133*
J'ly'00
131
132
140
May'00
May'00
140
130* AugOO
93 Aug'00
106
uou 99
118* Aug'00
A-O
J-J
M-N
1
186
140
138*
92* 97*
37
118
130
103
108
Got. 99
103
120
J'ne'99
Jan. 00
Aug'99
113* 103* Oot»'97
112* Aug'00
113
112
186*
38
1
.
. •
•
•
sttni
112*114
Amsterdam Gas—
1st oonsol 5s
Gold 5s— See N. T. Stk
J
|
J
97*
07
98*
98*
Sale
97*
• • • »
To
9»V
103
99
Aug'00
90
90
83
Nov'99
*•••• •••tie
130*
toe
Aug'00
»••
.
•••99
•
28* 137
Aug'00
131
Lor
A Wn
oon lit
vs
,1990
5s.
26*
109*
1933
•••It ••••99
84* 98*
24
84*
106
109*
19
2P*
26
20
109* J'ly'00
128
May'00
ISO
7**
74* 74*
76
74* Aug'00
82
84*
Sale
74
75
82
105*
114" liiii
185* 186
35* Aug'00
1
98*
00* 104*
May 99
14
136*
••••••
93
1
105* Aprv00
114
135
98*
94
31
J'ne'99
108
104*
J-D
J-D
J
97* 98
98
180
20
68
79*
i'o
82
80
87
A H VaL Be* Hook Val.
Ool Oonn A Term. SmNsW
Conn A Pas Rtvs 1st g 4s.'43 A- O
DakAGtSo. SssCMAStP.
•Has A Waeo. SesM K*T
116*
iDaeNov. Due June. TDueJan. iDaeMay. aOptlon sales. oDueAug. cDue AprU. dDneOeS.
100
113
I
Bid.
7
Ask.
YORK.
NT Bleo Lt Ht A Pow—
107
116*119
CASlltMCOOAI7l.l90\ A O 104*100 108*Feb V99
OInd A W litpf •*... 1938
100
•••••
••••••
Peo A Bait lit oon 4s. 1940
87
87
86
,.,,,
conseoutivb pages).— GAS
flat Securities.
Bid.
N Y A Bait River Gai—
1st 5s 1044
JAJ (110
Consol 5s 1945
JAJ 106
Nor Un 1st 0i 1937. .MAN 103
108
Cent Union Gas— 1st 5«
{106
Oon Gas (NT)— Stook— TBtk Bxoh Standard Gai—Common.
Preferred
,.,
Deb 5s 1908
MAN 90 93
1st 5s 1930
MAN
Bq ult GasOTHBR CITIB8.
Con. 5s 1933
MAS ?H8 M6
Baltimore Consolidate- Bt
310
Mutual Gai.
300
N.
107
105*110*
Col
117
107
at foot of
Securities.
NEW
18
51
117
115
Ang'00
Me prtee Friday; lateit bid and asked this week. IBonds due July.
Ask
113
10 115
A I consol 7i
Consols
CI
134* 136 134 Aug'00
IIS 115* '15*
US*
no
....
103
118
J-J<*
Clev A Marietta. SwPaBR.
Clev A Mahon Val g 6a,. 1938 j -j
Registered
1988 Qa-J
Clev A Pitt*. 8m Penn Co.
Col Mldl'd— lit gS-4i... 1947
lit 8 *'• ••••••••••••• •* 184V
Col A Son lit g 4s
1939
Jul A 9th Av. SssMetStRy.
Jolum A Greenv. B$» 80 Ry.
102
120* 132
108* 112
119 122
112 118
102
Jan. 00
125* Aug'00
110 Aug'00
109*
98
HO
Deo '99
105
117
99*
4s
lneome 4a.
111* J'ne'99
Bid.
107
Nov* 98
May'00
115* May'00
1 09
J'ne'00
100
1936 u-F
Registered ........ 1936 <j-f
Cln 8 A CI oon lstg Si.1928 J-J
10P* 113*
Aug'00
104* Apr'00
103* J'ne'00
102* 102*
112
(Chlo)— Stock.
JyraenseRap.Tr., 5s, 1946
union Trao (Chlo) Com.
Preferred
Jnlted Rys (StL Transit)
Preferred
Gen 4s 1934
J&j
Jn'd TrABleoi Provj-tji «
feet Chicago
Oon f 5s 1936 ....MAN
08* 118
08* 111*
May'00
Mar'00
105* Mar nn
107* J'ly'00
117
1932
J-J
01nWAMDlvlitg4i.l991 J.J
StL Dlv lstooltrg 41.1990 M-N
Registered
...,1990 M-N
Spr A Col Dlv lit g 4s. 1940 M- 8
Val Dlv 1st g4i. 1940 J-J
WW
CIStL ACooni6i..l920 M-N
105
110*
110*
103
J-D 138
U-N 131
J-J 135*
A-O 131*
J-J 93
M-N 10S
Cairo Dlv 1st gold 4i.l939
96
100
106
100* ibs'
106*
Aug'00
105* J'ly'00
106* Feb '99
103
114
103
Street Hallways,
See Dl Cent.
Chlo St LA Pitts. See Pa Co.
Chic StPMAOoon6i.. 1930
Ch St P A Mln 1st 61. .1918
Nor Wlsoonsin Ist6s..l930
101* Apr '99
109
Jo Side Bt
122
110
107
110
103
118
108* 118*
.
J'ly'00
98
•••••
Iftllf
•
ClnDAI lit gugSs... 1941
no 1171s CIStLAC. 8eeCCCA8tL
115* 119* ClnSAC. SeeCCCAStL.
115* 121* Clearfield A Man. SeeBRAP.
117
C C C A St L—
17
1993 J-D
95* 100* Geng4i
93
100
101
'06*
J- J 115
1947 J102
M0J-J
F-A 107
F-A
M-N 100
Q-N
A-O 116
A-O •114*
A-O 107*
A-O 106
M-N 107*
M-N
120
120
123
144
117
118
120
140
120
120
.,..1911
115* Chlo AWest Mloh Ry Si.1921
Coupons off.
1921
3
ire
Choc Okla A G gen g 5s. 1919
17 100* 101* Cln H A D oon • f 7i
1905
2d gold 4*1
,1937
J'ne'00
100
105*
110
110
Refunding g 5s
Lontiv N A A Ch lit 6s.
17*
117*
173
117*119*
111*111*
117*181*
116*119*
Apr'00
119
,
HlS
109
168
HI* Feb '00
,
,
122
134*187*4
1
104
I
Thloago A Brie. See Brie.
Oh In A Louis— Refg 6s.l947
J-J •168
J-J M17*
J-J •'10*
J-J •118
•H7*
J-J •118
J-J
J-D 117*
J-D 120
F 139
?-•
HUM
188
1*0*
10*
110* 114>
.
8tPASCltylitg6i..l919
107* 111*
Chic Ter Transfer g 4I..1947
117* 125
lie
122* ChAWestI lsti fg6i.. 1919
99* 10 * 109
94* Aug'00
....
• • t I
130
1P0
10 OH Pale
'
....
•Mill
ChtoStLANO.
100
117*
1
118* 119
114* Apr'00
137* J'ly '99
124* Aug'00
109* Aug'00
198* leS*
....
.....1
»•••••
117*117*1
109* 109*
M-N
Chlo Rook Isl A Pao—
130* ISO*
6s
130*130*
1917 J-J
120 Aug'00
130
Registered
1917 J-J 139
106* 106*
87* 90* General gold 4i
1988 J-J 108* 107
107 Apr'00
Registered
1988 J-J
91
93* Des M A Ft D lit 4i... 1905 J-J vO ut**- 96 May'00
lit 2*
86
117
86*
86)4
120
1905 J -J
98* May' 99
Bxtenilon 4s
94
1905 J-J
Keok ADesM lit Si. .1923 A-O 109* Sale 109* 109*
88*
Small
1923 A-O 107
Chlo A St L See Atoh T A 8 Fe
May'00
107* May'00
182* 129%
182 Aug'00
112* J'ly'00
...
116
8 gn g 5s. 1 902 II- S
Ohio A Alton sink f d (5s.. 1 90s .U-N
Lou A Mo RIt :'a It ..1900 M-N
Miss Blv B 1st sf« 6I..1912 A-O
Ohio Bar A Q-Con 7i
1903 J-J
Sinking fund 5s
1901 A-O
106
106
104
J'ne'^9
101* 101* 101*
A.-Ot
Lex A B
118*
117*
• • • • •
J -J
Warm 8prVallstg5i 1941 M-8
Chlo
....
US*
-J
-J
VI-N
1992 11-8
Registered
1992 .Yi-8
Craig Valley 1st g 5s.. 1940 J -J
B A A Dlv lit oon g 4s 1989 J - J
8doong4s
123
Q-Jt
J
109
US
Deo '99
95
102
100
J -J
I
J'ly'00
Ang'00
Sale
95
6engold4*i
Ells
117
67
92*
93
97* Oct'99
44
44* 118
48*
13
12* It
12*
'00
°* 8k
J'ly
6*
83
lit pref lneome g 5s . .1945 Oct.*
8d pref Income g 5s. .1 945 Oct.!
8d pref Income g Si. . .1945 lot.*
MANDly IstgSs
90
92*
90
1945 F- At
1945 M-N
1945 M-N
Registered
Consol gold 5s
Registered
90
91
in*
F-A*
'HO
llg~
120
117
118
J'ly'00
J'ly'00
.
Inoomei
J-D
Central Ohio.
A
OanRR A B of Ga—Col g 5s' 37 U -N
Cent of Ga
181
124*
Jan.'99
OBIaFAN. SeeBCRAN.
Can Branch
J
109
••«••
J'ne'00
A-O HS
117* Feb'SS
A-O 116
ISO*
Ang'00
118
M-N
M-N 119 180* 119* Deo'98
F-A 118
103* Feb '00
Bsoan A L Sup 1st 6a. 1901 J-J 103
103 Nov'99
Iowa Midland lit 8i... 1900 A-O •103
•112
112* Apr'00
Mil A Mad lit 6i
1905 M-8
112* Apr'00
North minoti lit Si.. .1910 M-S •113
111* Apr'00
Ott C F A St P lit 5s .1909 M-8 *H3
122* J'ly'00
Winona A St Pet 2d 7i 1 907 M-N 22*
135* May'00
Ml) L8 A W 1st g 6s.. .1921 M-N 135*
124
Aug'00
Bit A Imp if g5i...l929 F-A 181*
1»7* Aug'00
Mloh Dlv lit gold 6i 1924 J-J 130
130* Apr 00
Ashland Dlv 1st g 6s 1 93 5 M-8 137*
106 Aug'00
Convertible deb 5I..1907 F-A •106
•100
e e • •
I-D 106*
A-O 117*
A-O 117
CRIFANWlstgSs.1921 A-O
1906
OonlstAooltrg5i....l934
Registered
1934
Canada
114*
Apr '97
129
184
112*115)2
.
BvORANlstSi
South 1st 5s... 1908 J -J
••99
108
180
117
178*
168
116* J'ly'00
May'00
May'00
120 Aug'00
140 Aug'00
1908
D 108 110 109 Aug'00
1902 J-D •109*109* 109 Aug'00
Gold7i
•••
111
111
D
92* 97*
75
94*
Bklyn A M outauk. See L Isl.
Brans 4 West. Ser 8av FAW
BuffNYAErle.
AD
1910
1908
lit I
Bxten 7i
1st LaCrosse A
5s. .1919
Met S Ry
BuJTRAPgengSs
. .
AD
5a.
Bale
186* 169
172*178*)
•
AP W
!»•••
S«NTC4H.
Bel A Car. See Illinois Cent..
Boonev Bridge. See M K A T.
See
Atfc.
tit
I
BeeohCreek.
Bway A 7th At.
Bid.
line*
Jan. I.
Latt Bale.
Low. High. No. Low. High.
167* Ang'00
172* Apr'00
170* J'ne'00
.-8*
Sale 188*
118* Aug'00
Terminal gold 5s
1914 J-J Ut*
110*
110*
110*
10*
Gen gold 4s series A.. .1989 J-JI
105* Feb '98
1989 Q-JI
Registered
Gen gold 3*i series B. 1 989 J-JI *••••>.
1989 J-JI •••••• •••••
Registered
ChloALSu Dlv g Si.. 1921 J-J *H6 ,.... 117* Jan. '00
94*
98* 103
100*
78* 85*
91
91*
340
100* 101
99* May'00 "95
85*
86*
79* Dec'9u
Sale
MononRlv 1st gug
OenOhloRlitogI*sl930 M-8 •105
WVaA P lit g4s ....1990 A-O
191
Auo. 31
A
Rang*
Week
Range or
Aug. 81.
Paul—
MAStP— lst7s8gRD.'02 J -J 168*
1st 7s * gold RD.... 1902 J-J 168*
1903 J -J 168*
lltCAM7i
Chlo Mil A St P oon 7i.l 905 J-J 168*
la Mid. Srefra^.Fl .& W.
AlbanyABunq. S«DiH.
Allegheny VaL SeePennCo.
A leg. & W. See B R. & P.
Am Dock A I. SieCenofNJ.
1995
Ann Arbor lit g 4s.
5s.
Wbbk Ending
427
1.
Price
Friday,
EXCHANGE
Chlo Milwaukee
Alabama Cent. SeeSoRy.
Registered
Paob
(5 pages)
BONOS.
N. Y. STOCK
Ath Low. High No. Low. High
Bid.
PRICES
Bay State Gas—
MOD*
106
T.Stk.
Bzeh
Bxob
Lilt
180
140
1115
flu
Ask.
113
•
•
••
I
104
186
146
118
k)l
C
1
1*
4*
64* 66*
4
!
I
8UJ ok
Preferred.... .,
JAJ
lit 0i 1933
niolld Gai (N J)— Stok
JAT
lit Si 1930
(Plttii..
. .
Pref
Kx on.
199* 300
53
50
Gas A Coke
Gas L A Heat—Com.
O >nsol Gai
sBalt. Lll
He* M
die.
Bid.
Secnrltlee.
UM
.uioago
incinnati
Boston DnltedGas Bonds- Bosto nLi»
Btilalo City Gas— Stook.
1st 5s Bonds
SECURITIES,
,-.
80
06
10
80
50
60
113
Bondi Si....,,
•onium Gai (J City)— Stk 108
•
MAN (404
1st 8s
#And
interest
f
P*
<"-
81
99
IS
89*
113*
(06
109
per sh are.
1
.
THE CHR0N1CLE.-B0ND
428
Del Lack * Western 7S..1907 M-8
lit 71.1914 M-N
Morrli 4
1871-1901 A-O
7s.....
litoonguar 7i...,..1915 J-D
1915 J-D
Registered
Lack 4 Wist 6s.. 1921 J-J
1923 F-A
Comtructlon 5i
1923 M-N
Term & lmpt if
Syr Blug & N Y lit 71.1906 A-O
1900 A-O
Warren 8d7i
Del A
litPa D1t7i.1917 M-S
1917 M-8
Registered
Alb A SailitOongu7il906 A-O
1906 A-C
Registered......
Guar gold 01. ....... 1906 A-O
1906 A-O
Registered
1921 M-N
Bens A Bar lit7i
1921 M-N
Registered
Del Rlv BB Bge. 8t» Pa BB.
1900 M-N
gold
7s..
Den A BGr lit
1936 J. J
litoongii
1936 J-J
lit cong4ks
ImproTementgold 5s. 1928 J-D
Bio G So go. See Rio Qr So
Des M A Ft D. SMCtttlf.
NY
H—
183%
138
W
A-O
A-O
J-J
J-J
J-J
105%
136%
143
138
130
118
140
135M
May'Ou
Mar'OO
Feb '00
Aug'98
146% May'00
143 Mai'97
121
118
122
118%
118
148
l
2i*
98
100
103
98M
93
88
108
90
85
113
4
98
100
6
3
102»4
10394
108% 104%
90% 99% Ind HI A la lit ref g
107% Int A Great Nor—
1st gold 01
101% 100
100
105
• 95
103
Ililnoli Centralist gold 4s
J'ne'OO
110
110
Aug'00
107% 113
110
•••
lu-1%
105
Milt
J'ly'00
183%
105%
J'ne'OO
100
101
Aug'00
Mar'99
110%
119%
118%
123%
It*
108
106%
78%
Mar '98
72%
58
Aug'00
103%
100
89
B75
99%
104
99%
106 "
989* Sale
105
1952 A-O
L NO 4 Tex gold 4s.. 1953 M-N
1953 M-N
Begiitered
Cairo Bridge gold 4s. 1950 J-D
1950 J-D
Begiitered
LoulSTllle DlT g 3%i 195-( J-J
1953 J-J
Begiitered
Middle DIt ree Si ....1921 V- »
;
Bai
9S7^
'
110
Securities.
Bid.
105
95
• » I I » I
118
100
103
104
1935
109
Sep.'99 lltl
103% Aug'00
111
130
BB.
•
10*
••
HUH
..... .....I
108% 111
•••
1
i'6%
109% Ang'00
ibok
180%
119% 1.1%
i
180%
Aug'00
58% May'00
11S% 118% 118 Aug'00
87
50
88
66
88
if?*
iS
Bt* Brie.
196'
3s
64k
KeokADesM. SssOBI AP.
Knoxrllle A Ohio. Bu Bo Ry.
Lake!Brie A W 1st gSs.1937
VNY
Leh
1st
103
•A«| •*•<
112
s i s s • *
93
97%
108% 118
11
109
104
109
135%
180
85 108
110
tttltl •••••<
• •••ft S I S S SI
108
100
183%
108%
110
5C 103
105
110
...... .,...
• Mill ••••*
•••II lilt.
70
55
2X*
80
104%
103
•set
*
•»»••
89
89
99% 99%
98% 108%
28
103
Ask.
40
45
65
JAJ
1st 6s 1925...
108
Stook
Rapids—
Grand
F4A 1104% 100
1st 5s 1915
51
Hartford (Ct) Gas L... 25 t 48
40
85
Hudson Co Gas .......
103 103
5sgl949
Indiana Nat 4 111 GasM4N 01 05
lit 6s 1908
80
87
Indianapolis Gas— Stook
M4N 99 100
1st 6s 1980
114
108
110
113% 113%
104% 100
101%
101
98
J'ly'00
Jan-'OO
•seeee
,
108H 101%
123 "
MayV99
120
..... ...IM
99
109
108% Not'99
113 J'ly'00
109% Oot.'99
ibs% 103% Not'99
sseet
98%
J'iy'OO
101%
Bep.'99
seat
tea*
100%
ii'6%
113
111%
• ••••i
«>•••
..... «->••••
91% 98%
..1945
99
« • • • •
• •
J-D
Unified g is
1949 M-8
Debenture gold 5s.
,1984 J-D
95
Bklyn 4 Mon 1st g 6s. 1911 M-& 118
1st 5s
1911 M-8 109
NYB4MBoong5s..l985 A-O 107
NY ABB lstg 5s. ...1927 M-8 108
Nor Bhb lit oon g gn 5s ..'82 Q-O 107%
Gold is
,,1982
a • a a
.....
s a a *
••
181% Aug'00
ee
190
•
100
105
100
95
103% May'00
9S%
93%
.....
110
107
106
100
•••
139
its
100
Sale
"im
90
3
J'ne'OO
16
97% 105
100%
85 'SSS
, , ,
100
J'ly'00
lltl
109
Mill
i'0'2"
1
Ang'98
104
108%
.
04% 70
110% 188
108% 118
110% 118%
183
* s • •
•
Aug'00
104%Jan.'99
98
05% 198
120k Aug'00
115k 116%
110% 113% 111 Ang'CO
Gold guar os..,..,,, ,1914
108
103
04%
Sale
130
110
2d gold 5s...,
1941
North Ohio 1st gn 5s.. 1945
119% L8AM8. Be* NY Cent,
110% LehYal(Pa) oollg 5s..l997
Registered 5s
1997
183%
IMIti
104
h. hsi-
80
00
100
100
•
100% Aug'99
10 ANlitglitpfOs.1914
J'ne'OO
these are latest bid and asked this week,
Uai— tie* N Y Bxo
ssex 4 Hudson Gas....
Fort Wayne (Ind)
...M
186%
185
al
Deo'99
Feb '00
1*0*6*
114 117% Leh AHudR. fiesCenof NJ..
Leh A w likesb. 8m Cent N J
130% 189%' Leroy A Oaney Yai. 8** Mo P.
Lex At A PF. 84$ Met StRy.
Long Dook. Bm Brie,
Long Island—
seeet
litoong 5i.,,.
1931 Q-Jl 181
litoong 4s
1981
104
110% 120
General gold is..
1938
100
107% 111
1st
gold
1982
Ferry
i%s.,,,
100
M-e
98
99%
Aug'b'6
113% Mar'OO
105k Aug'00
103% Apr.' 98
OUT8IDE SECURITIES
Detroit
100
18S
108
5i. .1948
Registered
Feb '00
Jan.'00
115
•
No price Friday
130% May'00
100
.
J'ly '00
Deo '98
114%
106%
Begiitered
•
.
LaAMoBlT. StsChlAAIt.
Lou 1st tile A NashTUle—
J-D
M-N
Unified g 4s...
..1940 J-J
Registered
1940 J-J
Ooll trust g 5s
1931 M-N
Coltr 5-20 g 4s ....1903-18 A-O
1907 M-8
Ceoel Br 7s
• HA Nam lstg 6s.. .1919 J-D
LCin ALexg4%i...l931 M-N
N OAM lstg if v., ,.1930 a -j
3d gold 8
,...1980 J-J
Pensaoola dlT gold 6s. 1980 M-8
1981 M-B
BtLdlT lstg 01
1980 M-S
Sdg8s
Kentucky Cent g 4s. .1987 J-J
LANAMAMlstg 4%l.l945 M-8
NFlaASlitgngSs ..1937 F-A
Pern 4 AUlitgug 61.1921 F-A
84 N Aeon gugSi.... 1936 F-A
einkfd(B4NA)g6s..l910 A-O
L 4 Jeff Bge Oo gug4s.l945 M-8
LNAAC. SssOIAL.
MahonCoal. SmLS4M8.
anhattan By oon 4s. 1990 A-O
1990 A-O
Begiitered
MetropolBl lit g6i... 1908 J-J
Man BWOolonlsg5s..l934 J-D
General gold 0s ....... 1980
Sold 5i, ...... ,,,,,, ...1937
105
104
98
a
teat
ibo" ios%
t
110
110
117
118
11 1
e a
99
at
Bale
111
99
I
Ask
99%
Laclede Gas— N Y Stook Bxoh.
Lafayette (Ind) Gai
40
1st 0s 1924
M4N 61
Loganspt 4 Wab Yal—
1st 0s 1925
J4D 60
Madison (Wis) Gas— Stok
70
1st 0s 1920
A40 {101
Newark Gas 0s 1914
1189
Newark Comol Gas ..100 60
5s 1948
J4D 1109 103k
New Bug Gas 4 0— See Bo •tonL 1st.
...,
Aug'00
teas
99k
62
NOY'97
106
113%
113% Aug'00
103
106
116
138
1
»69d 101),
a
'98
J'ly '00
187
117
115
109
105
105
iii%OT
Jan
iimm 103
112
137
110^
100% 109%
96% 100
98% Aug'00
105
117
138%
60
•(•••
90%
109
•109%
110%
105
103
...
...
...
95
127
187
00
97
Deo '99
• t
hi
lit
in
193
187
109% Not'99
Aug'00
95%
98
107% Jan.'OO
109% J'ly '00
110% J'ly '00
107% Aug'00
107%
"ZM
UOfi
109
» * »
I
*a*i
110* 113%
107
HI
99
106
90%Oct.'99
101%
Sale
101%
10194
114%
'.','.','.
114%
J'iy'*b'6
J'ly'00
a a a •
86%
34
J-J
J'lyl
J'lyl
An.l
J-D
J-D
sees*
78
25%
Bale
26%
18
A-n
A-O
M-8
J-D
M-8*
TO
iia" iii
Aug'00
13
8f%
85%
108% Apr'OC
tsssii
s i s • •
•ssses setae*
*«t tee nee
*••••! IMIII
18%
105
70
81
30% 89%
10
15
I?!*
i«
81
20
J'ly'00
81
19
May'00
106
Apr'00
81
17
106%
•••
a s t a a s
N
4 Mad. 8»* Ohio 4 N W
4 North. 8««OhM48tP
4 Bt P. Sm Oh M 4 St P
Mid Of
J. Be* Brie.
HL84W. SMOhlo4NW
Mil
Mil
Mil
tDueApru.
I
Due January.
1
Due October
.
(Given at foot of 7 oonseoutivb pages).— GAS, TEL.
Bid.
May'00
May'00
109% Aug'00
98%
100
sfsB'pt4BV. S«#PM0K4T
Metropolitan HI. Sm Man By.
gold 4s... 1911
lsteonlnoome g 8s... 1989
Id oon Income g 8i..,,1939
i»17
Nanlp4eollg 5s
2d seiies g 5s .,,,,,1919
Hsx lnternat 1st oon g «s.'77
1987
tfex Nat lit gold 0s
3d Ino 01 A Op itmpd. 1917
gold
B..1917
6i
lnoome
Id
Mix North 1st gold 6s. .1910
1910
Registered
Mloh Cent. Be* N Y Cent
Bonds due August.
6ss Keen r Ul«s.
Kansas City Gas
100
5s 1932
A40
Aug'00
Jan.'99
117% Aug'00
• e
108
.
Mex Cent con
3*1
.
W
gu g 4%s. 1940
Registered
187" 148"
1940
Leh V Ter By lstgn g 5(1941
Registered ..,,...
1941
97
37% 93
L Y Coal Co 1st gn g 6s, 1 988
Registered.....
1983
07
75k
Leh A N Y 1st gn g 4s. ..1945
•••••
105
J-J
J-J
A-O
,.1951 J-J
1951 J -J
Registered
1 it gold 3s sterling . . . , 1 9 5 M-8
1951 M-8
Begiitered
1952 A-O
CoUTrnst gold 4s
125
Registered
1950
114% Kansas Mid. 8*4 St L A 8 t
Kentucky Cent. SssLAN.
114*
•
72
50
1951 J -J
1951 J -J
Registered
lit gold
114
....M
119% 181
Aug'00
not'98
181
90
,
ioo
A Mloh. B** Tol 4 O C.
MBAB 1st gag 5s. 1939 A-O
Ban O A Pao. 8** M K A
J'ne'OO
J'ly'00
100
A-O 128
M-N 105%
A-O 108
J-J 100
J-J Illltt
J-J
A-O
W
111
J'iy'OO
an
78% 82%
KCA
107 110
VGA
AH
113%
KalAAGB, &ML84MB.
93% Feb.'99
1st pf g 5s.l945
1945 J-Jl
1st oonsol g 5s
Ga Oar A No 1st gu g Ss.1929 J -J
1999
Begiitered
V litextg 41.1948
Col
T. See So Pac
Houst H 4
Horn A TexCen. 8** So P Co.
US
1951
guar g 5s
Jefferson
1 e e •
59
118
HAH of '82 1st Ss.1913 A-O
8W
NYNHAH
99% 108"
'<
W
W
Han
Registered.
93%
60
...
8tL8oulitgug4i...l931
Ind Deo A
1st g 5s. ..1985
Kan C So lstg
Ft S A V B Bge. 8m StLASF.
Fort St V D Co 1st g 4%sl 941 J -J
Ft
A D C— 1st g 4-01.1921 J-D
Ft
A Bio Gr 1st g S-4s.l928 J-J
Gal Har 4.8 A. SmBPCo,
Georgia Paoino. Bm So By.
Nor. Bee Bo Pao Co.
Gila
Gouv & Oiw. See N Y Cen*.
Grand Bap A Ind. Bm Pa Co
Gray'i Pt Term See St L
A St J. SfeOBAQ
onsatonlo. 8*4
Hook Yal 1st oon g 4%i.l999
Low. High
90% Aug'00
eeeeti
134
1919
3d gold 5s.
1909
8d gold 4s.
1921
Iowa Central lstgoldSs.1938
108% 109k Iowa Midland. 8** Ch 4 N W.
14
s
al
Begiitered
.
Mill
L
100
.
Ga A Ala By
•
1951
1951
1029*
1
let ooniol gold 5s.. ..1989
Pt Huron D1t 1st g 5s. 1989
Fla Gen A Pen 1st g 5s. .1918
1st land gr ext gold 5sl980
1948
Comol gold 5s
iinee
/an,
Aik. Low. High.
,,..,1951
98
100
. .
1938
CoBr'ch 1st g 5s.. 1930
By&Indlit eon gu g 6i.. 1926
Fargo A Bo. Sm Oh MA St P..
Flint A Pere M g 0S....198O
Latt Bale.
111%
Mem Dlr lstg is.,,. 1951
lit
. .
Bull
Registered
i'3'6%
Gold 8%s
,
lit general gold 5s.. ..1942
Aug. 31.
Rang§
Week'i
ibo" ibi'% 100% 100%
101% OOV99
95 Dee '99
BelleTACarlst0s....l938
1982
4s
ChioStLAN Og5i..l951
102%
82
109
Range or
90%
CarbASlstg
113% 115
112% 113k
147k 1489<
148% 148%
117% J'ly'00
M-8 183
119% Jan.'00
M-8 117%
Sdextgoid 4%i
110% J'neOO
A-O 133%
4th ext gold 5
183% Mar'OO
,.1928 J-D •10«H
5th ext gold 4s
100% Apr'99
1920 M-8 138
1st oonsol gold 7s
189% Aug'00
lit comol gold fa 7i.. 1920 M-8
143 Deo '98
88 % Sale
Brie litoong 4i pr bds.1996 J-J
8?%
87%
1996
J-J
Registered
98% May'ttM
09
lit eon genlleng is.. ..1996 J-J
09» 09 Aug'00
...1996 J-J
Registered
Buff NY AHrte lit 71.1916 J-D 181
140 Feb '99
Bnff A 8 W gold 6i. .1908 J-J
J-J
1908
Bmall
Cblo A Brie 1 it g Ss. 1982 M-N 110
110% Aug'00
Jeff BB 1st gu gold 5s. 1909 A-OJ •IO514
100 Deo '99
Long Dook oon gold 6s. 1935 A-O '188
30% J'ne'OO
Coal 4 BR 1st o gu 0S.1922 M-N
our6s.l91S
110
Imp
1st
J-J
Dock 4
N T 4GreenLgug 51.1946 M-N •
113 109 Oct-'98
1946 M-N teeee esses
Small
Mid BBofNJ lit g 0s. 1910 A-O 119
119 Aug'00
N Y S 4 W— 1st ref 5s.l937 J -J 108
10S% 108*
1937 F-A
2dg0ld4%l
99% J'ne'OO
...1940 F-A
General g 5s.
95
90% 96
96
Terminal lit g 5s.... 1943 M-N 113
118 Apr'00
Begli $5,000 each, 1943 M-N
Wllk4BaslStgu g5sl942 J-D 105 106% 105% 105k
8rle 4 Pitts. See Pa Co
Eican4L8up. SssOANW.
Bureka Springs 1st g 0s. 1983
95
Not'97
1931
188%
By* TH lit con 0i
138% Aug'00
Mt Vernon 1st
Gold 3%s
118%
118% 113k
148* J'ly'00
148% J'ly'00
108% May'00
1919
1933
1920
5i.
iis"
J'ne'00
J'ne'99
J'ne'00
,
Price
Friday,
Bid.
1951
1951
1951
1951
Registered
Spring DIt lstg 3%s.l95i
Registered
1951
Western Line 1st g 4s.l951
Registered
1951
140% 148
[y0L lxii.
2.
Cen. (Con)
Registered
130
100
183
133
EXCHANGE
8t Lonls DIt g 3r
137%
105
105
183
108
119
118
m
Oex.'9b
135H
Pag*
Week Ending Ado. 31.
143
133
119
(5 pagea)
BONDS.
N.Y. STOCK
104% 107%
188 141%
119
103
180
108
144
.
2d ext gold
1.
134%
133
180
134M
Aug'00
105% Aug'00
138% Aug'00
189
A H lit g 5i. .1941 M-N 110%
B1U Lex A B 8. SesOAO.
ElmCortANo. SseLehANY.
1947 M-N 116%
Brielitextg4
Elgin Jol
Jan.
184*
140
. .
J-D
J-D
since
Latt Bale.
DesMAMlnn. SwChANW,
Des M Un By lit g 5i. 1917 M-K 100
1995
Gold 4
Dul A Iron Bange lit 51.1937
1937
Begiitered
1916
9d0l
1928
Dnl Bed
A S lit g Si.
Dal So Shore A At g 5i. 1937
East of Minn. 8tt 8tPM4M.
astTVaAGa. Sss.SoBy.
or
A$k. Low. High. No. Low. High
Bid.
Imz
Range
PRICES
Range
Week'i
Price
Friday,
Aug. 31.
BONDS.
N.T. STOCK EXCHANGE
Week ehdikg Aug. 31
DetMATol. SmLSAMBo.
Det 4 Mack litUeng 4s.l995
.
.
Gae Beenrlties.
Ohio 4 Ind Con Nat * 111 -
Ask.
88
38
58
Ohlo&Ind— 1st 0s '20J4D 64
Peoples Gas 4 Coke— N Y Stook Bxoh
Philadelphia Co— 8m Bos ton L 1st.
ProTldence Gas.
50 t 94k
80
sik
St Joseph (Mo)
98
J4J ( 90
5s 1937
40
59
S: Paul Gas—Stook
88
Oonsol 5i 1944.... M48 { 80
14
Syracuse Gas— Stook
Bid.
.
J4J
1st 5sl946
Western Gas (Mllw)
Is— BM N Y
Bt
Bx
list.
88
90
93
95
I
Due
a Optional
July,
& 1ELEPH.,
do
Bid.
Teles. oV Teleph.
Teles?, dc Telepn.
American Dlst Tele— NY Stork
Bell Teleph. of Buffalo... ll»k .....i
100
Central 4 South Amar.... 108
65
Caes 4 Poto Teleph— Stk
J4J 103 104
5s 1909-29
170
106
Commercial Cable
C)mmw Onion Tel (NY). 110 115
75 •>*«••
B nplre 4 Bay SUte Tel
Brie Teleg 4 Telep— See 8 tokBx iast
48
48
Franklin
{And Interest. tPrtor per sb ae,
.
J8
.
Sept.
.
THE CHRONICLE —BOND
1900.]
1,
.
Range
Price
Wcek'i
BONDS.
Friday,
Range or
E
T.T. BTOOK EXOHANG
Aug. 31.
Last Sale.
Week JExdihq Aug. 31.
Bid. A$k, Low. High.
149 May'00
M'uu A St L— lit g 7l .1927 J-D 144
132* May'00
Iowa ex lit gold 7i... 1909 J-D *123
132* Aug'00
Booth Wait ex lit a 7i.'10 J-D 127
138 May'00
Paciflo ex lit gold 6i 1931 A-0 128*
1984 M-N 114
U4% 114*
lit oom gold Si
.
.
and refund. 4i.... 1949
Mln A8t L«a. S«BOR4N
lit
M-S
M A P lit 5i it 4i Hit ga..'36
M 8SMAA lit g 4i lnt gu.'26
M 8t P48SM oong 4i lntga'38
Minn On. SmSIPMAM.
Mo Kan A Tex— lltg 41.1990
.,,,,, ,,,,,, ••••
..,,,, ,,,,, ••••••
••••••
J-D
92* Sale
6696 Bale
90* Sale
1990 F-A!
2d gold4i
1944 M-N
lit exten gold 5i.
Bo sneT Bdc Oo gn g 7i 06 M-N
Dal a Wa lit gn g 3i. 1940 M-N
.
.
MBATofTlitgug5l.'42 M- S
Mo K A 9 lit gag
Mo Pao— !d7l
oong
1st
5I...1943
1906
1920 M-N
1917 M-Bt
1917 M-8t
1920 F-A
1920 F-A
6
Trnatg Si
Reentered
lit «oll gc'd 5l
Reentered
Leror A O V A L lit g 5l *26 JPao Bof Mo litexg4i.'38 F-A
2d extended gold 5i .1938 J-J
8t Lonli
A Iron Mount—
98
80
108
1945
1945
1st gSs. 1946
Mortgage gold 4i
Mob Jack&KC
Mob A Onto new gold
9894
76
88
102
112
106
90
1
109*
94 J'ne'00
10594 Jan.'OO
••••••
112* Apr '00
lit7i.'13
1901
1st eon gold 5i
1928
lit gold6i Jaiper Boh.1923
lit 6i
1917
MOMMW4A1.
litBiTAPb
1917
Naih Flor 4 Shef SmLAN
NewHAD. SmNYNH4H
NJJunoRR. See NY Cent.
112
10
J'ne'00
79
79*
1
14
• • • • •
• • » • »
•109
110* J'ly'00
J-D
a0
•
125
Aus'00
126
120*
85* 87
ft
Debenture 5iof. 1884-1904
Reglitered.... 1884-1904
Beg deb 6i of... 1889-1904
Debenture g4i.. 1890-1905
Reglitered
1890-1905
Debtoertiextg 4I....1905
Reglitered
1905
Lake Shore ool g 3*1.1998
Reglitered
1998
Mica Cent ocll g 3*i..l998
Reglitered...,
1998
Beech Ork lit go g 4i. 1986
Reglitered
1936
Sdgugold 5
1936
Reglitered
1936
CartAAd lit gu g4i. 1981
Clearfield Bltom Coal Corp
litsflntgug4iierA.'40
Small bondnerleiB.. '40
J-J
J-J
A-0
J -J
J-J
J-J
M- S
M- S
128* Aug'00
100* J'ly'00
105* J'ne'00
118 Deo'99
<•••••
•
••I
i
• i •
HI
t
26
*••••!
108*
110
J'ly '00
110
110
108
110
108
107* Aug'00
109* 8ep.'97
101% J'ne'00
......
•
102*
••••••
••••••
••••••
• »•«»!
•••ft
105
» » i * r
•
I
••••••
•
ft
ft
ft
•
1"«
J-J 111*
J-D 112*
J-D
J-D 109
105J4
IMtlt
11194
Sale
94
•
•102*
•••••ft
117
••••••
*•*•••
127
139
131
1
•
ft
«
ft
ft
•
ft
ft
107* J'ly'00
102 Feb '00
......
......
108'
• • t
•
••••••
••••••
•»••••
• • • •
•
»
•••
Aug'00
May'00
Deo'99
Jan.'00
Jan.'98
•••••
HSU May'00
188" J*iy V99
126* Aug'00
Apr'99
••tee 107
Aug'98
Reglitered otf
!04*Oot.'97
Aug'00
Aug'00
Apr'00
18594 101
..,.?, 191
189
138
114
113
10694
Bid.
118
90
118
116
315
Boito
on list
183
160
110
75
96
96
•
ft
ft
ft
ft
ft
ft
ft
ft
ft
<
-M
-J
Si.. ,,,...1937
A-0
ilft-i'lT
106* 106*
101*Not'98
19 10s
*•
ft
•
• •
ft
•
Aug'00
183
117* Aug'98
97*
97%
38
9796 J'ly '00
•
ft
ft
ft
!••••
•
MM*
10694
107*
103
102
••••••
••••••
•••••
•
••Ml
••••
• ••••
•
no*
•
•M|i
121
litg 4*1.1921
1921
Gtd3*iooltruitreg.l937
C 8tL 4 P lit oon g Si. 1932
Reglitered
1932
OerAPlttioonif 71.1900
J-J
M-S
A-O
A-O
M-N
Gengug4*iier'iA.1942 J-J
BerleiB
1943 A-O
•
Feb
101
101
1948
J-D
Sale'
*•••••
•
»•••••
88* 90
95
10496 179
11
10394
9
65*
»
• • • •
• • • •
ft ft ft
I •
ft
ft ft
ft
ft
106*
10994
10294 10494
88ft
113
113
130
J'ly'00
Aug'00
Apr'00
109
90
60
110
75
110
95
75
109
109* 108
Aug'00
104* 110
106
....
103* May'00
116
116* 116* 13 111* 116*
111* Jan.'00 alO 111*1113
90
50
115
101
Not'98
103
181
119
102
96
7?
121
J'ly'00
121
103* Mar'00
117* Feb '00
103
"••••• •••«••
••••ft ••••••
•••«•• ••••••
101* May'00
101*101*
••••
•••••
••*
••••••
••••• •••••!
••••• •••••«
117%
117
117
113
109
101
119
119
108*
117* 1178
104*
!••••
Sale
117
107
99
139
185
133
110
••••••
•
ft
ft
• •
•
131
108
•
•••
••••• ••••••
•
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••••••
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117
108*
110
104
*110
105
••••••
116
132
*185
10 114
11796
Aug'00
Noy'98
Aor'00
• • • •
ft
ft
ft
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•
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•
ft
• •
•
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»
ft
ft
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•
• •
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Aug'00
Mar'00
>••••
••••••
•
•
HI
••• •••••«
181
J'ly'00
•
•
106* 109
100 101%
135 139*
185* 136
May'97
•
11796
113% 117
•
101% J'ly '00
139* May'00
135* 135*
108* 110
116
•
•••••
•••••ft
•
•
•
••••
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••••
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109
184
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at
103
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117
May'00
33
Jan-'OO
93
tS
180
98
187
130
130
98
13094
98
117
J'ne'00
117
Not'97
107* OoL'98
181
Nof'98
:
•••Mi
'.tti
Bh
98
115
90
J'ne'99
•
100
100
119
113*116*
116* J'ly'00
8794 Jan.'OO
100 J'ly '00
9996 101
99* 101*
,.,,,
100*
100*
8796 Sale
87*
87%
174
8794
8794
1
9896
9896
28
88
8794
•OK
87M
ft
t
Tele»h.
Utah Cent
•••••• •••••
Due Jan.
Due July.
*
7
Bid. Aik.
Phila list.
Stook Bxoh
165 170
46
41
Coniol Electric Storage.
80
18
Bddy Eleotxlo Mfg Co.. 25 t 9
14
Edison El 111 Co
N Y Stook Bxoh
Edlion Bl 111 Oo Brk— N Y Stook Bxoh
Bdlion Ore Milling Co....
11
9
NY—
Electro- Pneumatio Trans
Wayne Blec Oo. .85
Serlei A......,,.,,
113
8894
.
McKeei&Y. See N YCen
WttlPAFlit gSl
1916 J-J
I
It*
Allegheny Co Light Co..
Bruih Bleotrto Co.......
••
66* 68
131* 182*
Pitts
128
(Given at foot of
dte
105)2
65
97* 100*
• ••ft
•
101
113
•
•
10S
118
W
J
ft
ft ft ft
B7J6
108* 105*
109
113
100* Aug'00
8894 May'00
ft
ft
90* 99W
J'ly '99
Feb '99
132
130
113
Oler ATol litg6i.,1922 A-O •118
4 Oh. SMPennOo.
fitti Juno lit g 6i
1922 J-J •118
•IttiA L Brie— 2dgSl .1928 A-Ot
Pltti
A L B lit u Si. .1940 A-O
litooniolgold Si
105 10S
1943 J-J
lttiAWeit lit g4i... 1917 J-J
••••• ••••'
J P M 4 Oo oertfi
lisii ii5J6 •ltti Y 4 Aihlitoon5il927. M-N
••••• ••••••
Reading Oo gen g 4i. .. 1 997 J -J
Reglitered
1997 J-J
••• .•••• •»••••
126 129* iensielaer A Bar. Sm D A H,
Kleh
Dan.
A
••••••
Sm
••••••
South Ry.
MM •••••a ••••• »lo Gr West 1st g 4i. 1939 J-J
ft
133
9796
101
65*
66* May'00
131* May'00
FeoABut. SmOOOA BtL
,vJOAPekUnlitg6i...l92l
Q-F 130
3dg4*l
Feb., 1931 M-N 101
PlttiFt
•
ft
114*
183*
'97
"es*
POCAStL. SMPennOo.
•••• ••*••
128
4 Cable— See
Weit'n Union Teleg— N Y
Electric Companies
Fort
M-N
J-J
J-J
J-J
A-O
A-0
Beriei Oguar
1943 M-N
Serlei D 4i guar
1945 M-N
Series B guar 3*s ..1949 F-A
PlttiFt W A O lit7i. 191 J-J
3d7i
1913 J-J
M'l
1912 A-O*
P *nn RR lit real eig 41.1923 M-N
Ooniterllngg 61
1906 J-J
Oon ourrenoy 6i reg.. .1905 Q-M
Oong Si
1919 M-S
Beglitered
1919
S
Oongii
1943 Ml N
it RAI ex lit gug4*i.l941 J-J
9}££?L
l?* »? » *><ft.l935 M-N
DBRRABgelltguiig.'36
F-A
AU«gh Valgengug4i.l943 M-8
SunALewUlitg4i..l936 J-J
UNJRRAOan gen 41.1944 M-S
••maooiaAAt. SMLANaah
Peirla Dec & Evansv—
2d g Si tr reo lit pd... .1938 M-N
C 3*g
ine Creek reg guar6i.. 1932
12994 12994 MttiOlnAStL. Sm PennOo.
119*121
ft
110
139
180
101
••••••
......
.,,,..
J-J He*
II
••••ft •••••
180
118
336
100
«•••
9*
Teleg Telep
187
165
118
100
•
11
Ask.
118
nllit.
I • • • *
110*
ft
189*
138
J'ly '99
114* J'ne'00
133* Aug'00
Sale
185
183
Jan.'OO
IO894
10894
F-A 193
A-O 113
J-D •100*
. . .
Teleg.
High
104* 108*
103* 105
May'00
10496 Sale
F^ 138
1923 Q-F 125
,
ft
••••••
118
OUT8IPE 8ECURITIE8
HUH
•••«•• ••••••
•••«• ••••«
112*
111*
118*
no* Mar'00
108* Deo '97
U9* J'ne'00
128
127
108
108
•
* »
..,,«, /.::
,«*,,,
105* J'ly'00
10396 Aug'00
•tie*
• • • • •
110*
•••
ii 110 116*
10 110
114
118*
6 111* 116*
11194 J'ly -00 • •
111* 11496
110 Aug'00 • • • • 109* Hl?6
HI*
••••• ••••••
120
125
108
1 •
••••• ••••••
••••••
121
•••••• •••••«
97
94
108
J'ly '98
129J4 Apr'00
••••••
III* • l
80
9S
98
96* 98
i
.
96* 99
3
20
•No prloe Friday theie are lateit bid and aikedthli week,
ProYldenoe Telephone.
Southern 4 Atlantic
SnOhlANW.
M-N
M-N 183
A-0 126*
F-A 183
A-O 97*
A-O
A-O
J-J 106
M-N 100
rle APlttgug 8*1 B.1940
Serlei O
1940
N A CBdgegengug 4*i.'4S
POOAStLeoagag 4*»BeriuA.
1940
Serlei B guar
1943
10896
ib'i" 10396
ft
M-N 107
M-N 10?^,
M-S 1*0*
M- 120*
Q-M
1
••1990
M4N
PMlfleA Atlantic..7.."
106
m 4StLlltg4i
1901 J-J
Ore A Oal. Sm 80 Pao Co.
129
Ore
Ry
Nav
4
See Dn Pao
100*
107* Ore RR A Nav See Un Pao
Ore Short Line See On Pao
Oiwego A Roma. Sm N Y C
OOTAStP. SllOANW
PaoOoaitCo— lit gSi.1946 J-D
acof Mliiourl. Be* Mo Pao
Panama litif g 4*i....l917 A-O
Sfiubildyg6i...,,,,,1910 M-N
J'ly '00
•
112* 111%
••••it
••III! '••••*
•
Mexican Telephone— Sm
New Bng Telep— Sm Boit
North weitern Telegraph.
M Y A N J Telephone. ..
Y4N Blitgug4l.l989
Serlei
ioi%
104J4 Feb.'99
10296 Aug'00
•
90
J-J
gug Si.. 1915 F-AI
....
M-SII
Reglitered
10796
10796
107*$
J -J
£**
OT B, 1,t « 11 * 5, 18 M-N
UUea*A Blk. Blrgn
g 4i.'23 J - j
Hudson Rlrer Telephone
Lov>.
1.
NorWli. SnOStPMAO.
Nor 4 Mont. Sm N.Y.Oent.
10894 113
108* 111
108
111*
110
110
10294 108
10596 107%
• • •
NY
Internatlon Ocean...,
Mexican Telegraph.
gug 61.. ..1922
Bt Paul A Dul lit Si.. .1931
2d 61
1917
lit cog 4s
1968
Wash Cent lit g 4i ... 1948
ftftftftftl
•••• •••••*
Deo'99
••
Reglitered
BatC A Bt lit gug Si. '89 J-D
A Harlem g 3*i 2000 M-N
Reglitered
2000 M-N
N YANorth litg 5i.. 1927 A-O
R AOgoon litext 5i.'22 A-O*
Bondi.......
130
115
114
110
190
8tPANPgeng6i...l923
138
120
100*
104*
10894 Aug'00
1931
1940 J -J
1940 J -j
«old48took
OOATli
1996
1996
PennOo— Gu
109
•
Id guar 6l
1934
MoKMAB Vlitg6i.'18 J-J
J-J
Ac Tele*>k.
W
Reglitered
Small
110*110*
•
FlttlMoKAY— lltgu6l.'82 J-J
..1931
A-0
M-N
M-N
J-J
J-J
'orthOhlo. SeiLBrleAW.
110
11094 Northern Paotflo—
Prior lien r A 1 g g 4i. . 1997 Q-J
7794 84*
Reglitered
1997 Q.J
••I *•••««
Generalllen g 3i
8047 Q-Ft
•••ft ••••••
Reglitered
...2047
•
F-A 9694...-- 96*
96*
F-A 94* 96* 95
95
F-A •*•• 96
Aug'00
F-A 94
95
95 Auc'00
J-J 109
106* Aug'00
J-J 109 ««•••• 106 J'ne'88
J-J •••I* IIMH ••••
••
J-J •••••• iiimi
•••
•••••
J-D •••••• •••••*
••
••••••
J-D
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Det Mon A Tol lit 7|1906 F- A
K A A G R lit g o 51.1938 J-J
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*•!•.
ImprrmtAext g6i...l934
N A Ry litoong 41.1996
120* 126
Nor Pao Ter Oo lit g 6i.l933
83
87
106* 109* Nor Ry Oal. Be$ 80. Pao.
86
86*
106* Aug'00
127
100
106
109
M-S
J -D 102*
J-D 102*
M-N 10294
M-N 10894
NYAPntlit0ongug4i.'93 A-O
Nor A Mont lit gn g Si. '16 A- O
West Shore lit lign.2361 J-J
Mloh Gent— lit oon 7il902
lit oon Si
1902
6l
1909
108
5,000 only... 1992 M-Sl
General gold
F-A
1986 F-A
8361
Lake Shore oon 2d 7i. 1903
Reglitered...
1903
Gold 3*1
.,,..1997
Reglitered
1997
Jem.
Bale.
IndAW. BiiOOOAStL.
lit ti .1986
Reglitered
Last
Ask Low. High.
^06% 10614
10694
Oihlo RlrerRR lit g Si 1936 J-D 110
Gout AOiwelitgug5i.'42 J-D 116
Moh 4 Mai lit gu gfi.1991 M- 8 106
W
0swe4R2d
Begli
NY A Put.f ft»NT04E
MYARB. fill Long III.
NY8AW. BuBrle.
MY Tex AM. See 80 Pao Co
ft
ft
• •
•
120* J'ly'00
10694 109
90
94
Range
tint
109* 113*
•••••
Bkln A Man Bh. 3n L I.
N YOentAHB lit 7i., 1903 J-J 10894
Reglitered
1903 J-J IO894
G8*s
,.1997 J-J 109*
Reglitered......
1997 J-J 109
4s
N Y A North. 8u N Y O A 13.
S Y O A W. Ref lit g 4H992
Solo
NY
Reglitered
NH
112*113
NewAOlnBdge. SsiPennOc
N04NBprlorlleng6i.l915 A-OI
OS
.
94
.
Beglitered
Oonrert deb oerti |i,000
Small oertliSlOO
Houiatonlo R oon g Si. 1 937
A Derby oon Si... 1918
NY AN Blit 7
1905
lit 6|
1905
10594 10694
80
111*
A-O
A-O
Range or
>7ee*'«
Aug. 3i.
SmDLAW
MYLBAW. SMBrle.
NYANB. SmNYNHAH
S YNH A Hart litres 4i. '03 J-D 102* 103*
9896
92
.T-.I
LA
Mohawk 4 M al. 8iiNYC4H
Monongahela Blr. See B A O
Mont Cent. 8u 8t P M A M.
Morgan'! La A T. S«8FCo.
Morrli 4 Buex. Sm Del L4W
NJJunoRgu
YAHar. BuNYOAHud.
•
ft
91
» • i
S
116* <or 4 South lit g Si. ...1941
U494 121* Norf A Weit— Gen g 61.1931
43
New Rlrer lit g 61.. ..1938
94 101%
98*
* i »
J-J
6s..'27 J -U
1st extension gold 61.1927
-J*
General gold 4s
1938 -s
MontgomDlT lit g 51.1947 F-A
Cairo gug 4i..l931 J -J
St
8d6i
92*
105
Y
lorthllllnoli.
MobABlrm prlorlteng5i.'45 J-J
NashOhatAStL
95^6
Aug'00
Aug'00
91
Genoonry41dgrtg5i'31 A-0 111*112
Genoonitampgtdg5i'31 A-O
"78* Sale
1929 TUnif 4ref g4i
Registered
1929 T.'26
Verd v 14 W litgBi
M-d
MluRlrBdge. S»«Chlo4Alt
Small
89
"93*
•
93
Price
Friday,
Bid.
Chic A St L litg 41.1937
Reglit«red
1937
V Y 4 Greenw Lake. 8tt Brie
i
88* 93%
65
70*
92*
98
92*
999|
••
117* Aug'00
9094
123*
123*
"8*8"
11896 Aug'00
Sale
128
7
29
43
103
106
128
101
*•••
92*
117
98*
98*
66*
92
100% Nov'99
94 Deo'99
91*
J-D
F-A 81*
J-D 105
A-0 104
M-M 114
High
•••••• •••••<
•••fa* ••**«
*••••• •••••«
•!
9096
89
Low,
143*
122*
122*
93
......
••••••
* * I •
1.
429
3.
Ul*116* JYLaok4W.
97*
92
66
>•••••
'
8her8hA8oulitgugSi.*48
K O A Pao litg 4o.... 1990
Tebo 4 Neoiho lit 71.1903
97*
9694
Page
(5 pages)
BONDS.
N. Y. 8TOCK EXCHANGE
Week Ebdjxq ado. 31.
tince
Jan.
PRICES
2.
8*
86
396
48
I
1st
gu g 41.1917 A-Ot
Due June.
I
98
....
88* 88% 88* Aug'00
Due May. 1Du«Nor
FERRY
Companies. Bid. Ast Ferry Co-' »a»>lee.
General Bleotrlo Oo—N Y Stook Bxoh
ferry Uampanlei.
Do pref.— Sm Boiton L lit.
Brooklyn Ferry-Stook ..
Hartford (Ct) BleoLt Co. 165
Bondi 5i—See Stock Bx
•••••«
Mo Bdlion Bleotrlo
19
Metropolitan Ferry— 5i..
17
Do preferred.
58
N
Y 4 N J Fern— Stock..
52
JAJ
Narragan. (ProT)B10o.50 t 93
lit Si 1946
•••••:
Rhode Island Bleo Pro Co. 119
N Y A B B Ferry-Stook.
United Electrio of N J.
19
Bond! 5l Of 1933.MAN
16
4s 1929
73
HDboken—Stook
70
United Bleo Lt AP Co prei SwBal to lilt
lit Sft
4*4 1929— Sm Balto 11 St.
Con. ba. .......,«,.".»••
Woomooket (R I) Bl Co..
lAntt tntereit. tPrloe
.
85
8891
a Theie are option laUo.
consecutive pages).— TEL. y BLEG.,
Electric
94* 100*
dc
A
8
THE CHRONICLE -BOND
430
T.Y.BTOCK EXCHANGE 1!
58
ElfDINO AUG. 31.
J-D
Bio Or Juno lit gu g 51.1989
19<°
Bio Or 8o lit * 4
Range or
Aug. 31.
La$t Sale.
Bid.
77
J-J
J-J
1940
Guaranteed
Wcek't
Price
Friday,
BONDS.
WBBK
80
78
105
6
Bt
L
84*
84*
84
11
112%
112%
112%
113%
112%
112%
112%
Sale
122
108* 109
103
6
S
121% Aug'00
108%
m%
» • » •
4
Apr'00
104
•••
•
90
106
1
93
105
....
...,
90%
62*
BtP A Nor Pao.
Bale
Bale
BavF A
J-J 135*
J-J
J-J 118%
J-J
M-N 119
121
104
J'ly'00
Oot.'97
208
91
31%
62% 217
J -J
120
108
Bale
A Oal litgtdg 5i.l927 J-J
BAAAPanlitgug4i.'43 J-J
1905-87
J -J
98*
76*
1
1 1
108% 108%
A-O 110
A-O uo*
A-O 112
A-O
M-N
M-N 106*
J-J 115%
BPaoof N Mez lit g6i.'ll
iPOoait lit gug4i.. 1937 J-J 80
Tax A N O llt7l
1905 F-A M0G
BablnediT lit g6i.. 1912
Oon gSi
1943
Bouthern—
lit oon g 5i
1994
,
Beglitered
1994
Mem D1t litg 4-4%-5il996
Beglitered
1996
Ala Cen R litg 6I....1918
Atl A Tad litg gn 41.1949
ColAGreenT
128
181
J'ly'00
129* 134%
116
117
Apr'97
Aug'00
117
ISO
Apr '99
186*
J'ne'00
Jan.'00
123
Deo'99
lit B-fli.l91H
A-O
J -J
May'00
Oa Pao Br lit s 6i. ... 1922 J -J
Knox A Ohio lit g 8i 1925 J-J
Bloh A Dan oon g 8i. .1915 J -J
.
quip link lundgSi. 1909 M-8
e •
•••••
78%
89
78
Friday
1
lateat bid
ferry Oom»tmie».
A
23d
Bid.
8U Ferry ....
120
32
58
95
29
122
110
and aaked
All
Mlecellnneona.
Aoker.Mer A Con 8i 1903 iro 102
Amalg. Copper— See Boit on Lie t
»»
Amer Bank Note Co... 60
Amer Bloyole—Com.
Preferred.
Bondi
Si
MAB
l
t
ItOD Lilt
48
61
6
6H
88
84
78
80
J'ly'00
Jan.'OO
i0fl%
116
Aug'00
116
111
Aug'OO
Aug'OO
105
100
al
65Vt
1
58
106
105
95
114*
55
111
65
118
114
113* Aug'OO
112
101
99% Aug'OO
99*
65*
112
89
82
'
'
J'ly '00
90
82
UO* Hi
84*
J'ne'00
Aug'OO
78
110
J'ne'00
l
1947
J-J
106% J'ne'00
110 Aug'OO
J-J 109
J-D 102* 102% 102* 102*
F-A 126 •••••• 126% 126*
J-J 112* 118 112* Aug'OO
Ore BB ANav oon g 41.1946
OreShortLlne litg 6il92»
Ore 8b L— lit oon g Si. 1946
Non-oum lno A Si... 1948 Sep.* 104
Utah A Nor lit 7i
1908 J -J •115
Gold Si
1926 J-J 118
106
121
102
Un N J BB AC Co.
See Pa R b
Bu Rio G W
Utah A North. Bet Un Pao.
UtloaABlaokB. 8m NT Oent
Y/erVallndAW. See Mo P.
' IrglniaMld. 8m Booth By.
69
118
108*
90
84
130*
10?
106%
103* 106*
110
110
100* 104%
125* 110
110* 115*
J'ne'00
106
Mar'99
May'97
••••II ••••••
106
Central.
117%
101
SmBAO.
85%
Wheel Dlv
A
lit gold 5a. 1928
Imp gold 5i. . 1980
32*
33*
109% Aug'OO
91 Apr '00
SO
lstcon 4s
.1949
99%
97% 100% WilkeiABait. 8m Erie
Sioux
F.
Wll
Bee
BtP
MAM
A
99% 99%
81
86* Winona A BtP. SeeOANW
J-J
A-O
J-J
K- *
M-S
113
112
106
106
117%
101%
98* J'ne'00
110
107
111
May'00
119%
9t%
32*
J'ly '00
113
Jan.'99
•
BOB
106
88
118*
104
94*
41*
118
98*
91
109*118
• 1 *
32
105
98*
I
3C
114
118
83
44
80
108
• • •
9»%
108*
88% 87* 87
11
56
• • • •
119*
118%
108*
10
110
180
68* ee*
22* 86
107
114
99%1C8*
98* 106
S
30
14
22
87
88*
14
87
91*
101% 108*
•••• •••*•
t » • • t
• • I • I
98
92
104
87
I
97*
95
116*180*
118*118*
188
186
i'ii" iVfi*
95)4 "»8K
.
• •
35
•••
101
•
••••
• • • • •
104*
118%
107% 108%
108* 109*
109
Aug'00
109* Apr'00
75 106
108
•••••I •••••
»•*••• • • • »•
••••» ••••••
112% Aug'97
116" Jan.v00
115
115
May'00
116*
lll*Jl'y'00
114% 117
181% Aug'OO
120* Aug'OO
180* J'ly '00
101* J'ly'00
109* 109*
119* 124*
101
104
106
102
114
120
108*112
118
119
Aug'OO
Bonds dme Ang.
124
186
J-J
J-J 182*
A-O 109*
W Chto 8t40-yr litourSi.'28 M-N
40-year oon g 5i
1936 M-N
GAB A BLBOTBIO LIGHT BON DB.
Atlanta Q L Co lit g 5a.l947 J-D
Boi U Gai tr otii f g 5i. .'89 J-J ••••••
Bklyn U Gai lit oon g Si. '45 M-N 115
ChOLAOCo. SmPGACOo
Columbui Gai litg St.. 1932 J-J
Con Gai Co. SeePGACCo.
1 928 J- J
96
Detroit City Gaa g 5i
Det Ga* Co oon lit g 5i. .1918 F-A 101
Hd Bl 111 Bkn. See B Co BLAP
Ed El 111. SeeNYG ABLHAP
itqGasLN Y litoong 5s. 3* M-8 130*
Bq O A Fuel. See P G A C Co.
Guaranteed gold 5I...1937
Third Av lit gold 5l. . 1937
Un Bl (Ohio) lit g Si... .1945
.
.
111
.
. , .
99
•
•till
J-D
103
Due July.
I
Due March.
1
Dae Jan.
I
jnieoellaneoiii. Par
American Chicle Co,.,,
Preferred
,
American Ginning
k w «r Graphophone. . 10 t
Preferred
...10 t
.
.
Bid.
Aik.
65
72
89
91%
78*
10*
11%
.,,,.,..
Press Assoo*n. .100
American Screw
250 1200
15
85
Amer
Shipbuilding ..100
Preferred
100
Am Soda Foun—Cora 100
lit preferred
100
2d preferred
100
.
11
It*
30
80
Bid.
Aik.
lt-6
FAA
Bonds 6s
Km Typefo'n—Stock. 100
Amer. Woolen—Com..,.
100
64
50
Vmer 8trawboard...,100
Preferred
Amer Wringer
com... 100
Pref
25
100
8
48*
10*
Amer. Writing Paper....
80*
3D*
68
18*
13
69*
69
107
Oot.'98
Sale
•
94
100
115% Aug'OO
115%
UM
103
103
113
103
118
1
8
14
Preferred
5| . ... ........ i ••••••••
Asphalt of Amer. Bte P hlla.
17
78
It.
I1W
iSO!
aalee.
J MI8GBLU8,
Mleeellaneona.
Sm Car
Preferred
Par.
100
100
A Bng
Br lit 6i...
Company—Com.. 50
Preferred
*ond
118
22
Barney A
Bliss
••V
114
e These are option
Bergn
••••
It
116
60
A Mort Guar. ..100
British Colombia
Jellnlold Co.
11
teiti •••••'
••••f •••••
97
96*
96
99* Nov'99
Sale
Die Not.
170
[YlUcpllnncoui. Par.
DM
1
116% Aug'OO
vmenoan Surety
116
iiwii
•111*1
lie
.
Gas AEleoBergCo cong 5i'49
HI
ii7%
e«e«
.
101% Gen Bleo Co deb g 5i... 1922 J-D
109* Gr tapGLCo litg 5i..l915 F-A
109
KC Mo Gas Co 1st g 5i.l922 A-O
i
122* 128*
109* Deo '99
Pale
(Given at poor of 7 oonsbotjtivb pages).— FERRY
Amer
114* 114*
111
1
108%
Amer Mntoioope
117
J'ly '00
.
Deo'98
t
87
Jan.'00
Wll Oent SO-yr 1st gen 4i..'49 J-J
88* 88% 88%
88%
STBKBT BAILWAY BON DB.
110*
BklynBapTrgSi
A-O
103
104
1945
108% 103*
104* 106*
32
Atl Av Bklyn Imp g 5il934 J-J
110 Jan.'9w
98* 102%
Bk City lstcon 5s.l916.'41 J-J
100 110
116 Nov'99
BkQCoAScongng5i..'41 M-N
100
99% Aug'OO
100 105
Bklyn Un Bl 1st g 4-5sl950 F-A
90
92% 92% Aug'OO
By
Bait
lstg
City
8
5i
1922
J-D
A
109 111*
Den Oon Tr Co litg 5I..1933 A-O
95 J'ne'00
111% 118
Den Tram Cooon g 6i.l9l0 J-J
81
87
Met By Co lit gn g 6i.l91l J-J
109 Mar'98
120* 120* Louli By Co litoong 51.1930 J-J
iarket St C By lit g Ba.1918 J -J
Vet Bt By gen tr g 5s. 1997 F-A
117
117
BwayA7thAvlitog Si.1943 J-D
121
121
Beglitered
194S J-D
98* 99
14
125 J'ly *00
78
80% ColA9thAv lit gug5i. 1983 M-8
Beglitered
1993 M-8
26 110 114*
Lex AvAP Flit gug 5i.'93 M-8
109 110
186% Aug'OO
Beglitered
M-8
110% 110%
MetWSBI(Chic)lstg.4i.l9S8 F-A
97*
97
111* 112
Registered.
1938 F-A
117% 119
L
30-y
t-A
*
11
Ivl
Ry
A
r
5|
1926
g
106
Oot-'99
106* 105*
104%" 109* 41nn Bt Ry litoong Si. 191 J-J
Oot.'99
109
112 Aug'OO
116 116* it Paul City Cab. g Si. 1937 J-J 112 116
106*Nov'97
102
102*
thli week,
1U~
110
ill*
105*
106*
116%
121
78
3
117
•
100
68
lltmortSi 1919...JAD $105 108
82
Union Ferry—Stock
88
MAN « 96* 98
lit Si 1920
Am Agrtoul Chem— See
iff
•
OUTSIDE SECURITIES
1 Oth
Iitg6itr.l916
Beglitered
flxten
Nov'99
97
May'00
• • • • •
1
•
J'ne'9fi
A-O
J-D
A-O
J-J
J-D
Weit No
Weit Shore. 8m N Y Oent
98*
99% J'ne'00
82
81%
119
• •i«i
••••• •••••
Deb Si itamped
1927 A-O 109
BoOar AGalitgSi.. 1919 M-N 104
Mo prtoe
W litgold 41.1917
OreByANavlitif g6il90fc
118% Utah
• • • a •
Aug'00
110% Aug'00
111% Aug'00
e e e e
117
111% 112
St.... April, 1943 Nov.
Car. Bet South By.
110
e • e e e
J'ly'00
J-D
Inoome
••••••
116
118
110
117
106
112
M-N 117
F-A 101 Sale
J-J • 70
112 112
J-J 83* Bale
litg5«DetAObBxt..l94i J-J 109
126* 126*
Dei Moln Dlv 1st g 4s.l93i J -J
WO MIIK
StOhaiBridge litgtfi. 1908 A-O 111%
Warren
BB.
8m
Del
LAW
102% 106
Wash Cent See Nor Pao
86
85
Wash OA W. 8m Bouthern
WeitN Y APa lit g 51.1937 J -J 118% 120
Geng3-4i
1948 A-O
93% 93%
98* Aug'00
'117
U4%119
112%
115* 114*
116* 111
114
114
'118
litgSi
1939
2d gold 5i
19S9
Debenture leriei A.. . .1939
BeneiB.
1939
98
107
J'ly'00
fc
i
J'ne'00
96%
M-8
J-J 102 Bale
J-J 108% Bale
J -J
J-J •107*....
J-J
•••• ••••••
J-J
••II •••••
W T V a A Qa Dlvg Si. 1930 J-J
Oon lit gSi
1958 M-N
Ten reor Hen g 4-5i.l938 M-8
Beglitered
1938 M-8
*
128
Apr'00
78*
Sale
Bale
117*
117
•
1
128
J-Dt "81% "SB*
J-Dt
F-A •109*
110
Ore
Oal Iitg8l..l905
2000
Weit'n dlv lit g Si... 1935
General gold Si
193S
Kan A M lit gn g 4i. ..199C
Jan.'99
85
'
111*
J'ly '00
'96'
Aue'00
Aug'OO
Pao Co.
g6i. 1936
98*
III..,
109
108
87
111
110
87
102* 106
1
lit gold 6s «er B..1905
lit gold 6
1906
lit sold 6l
1912
lit oon guar g Si .. 1 937
See 80
WVaAPitti.
J-J
F-A
F-A
ete*
• •••
*'•••
109
119
•
Bale
••
v
ItBBI i'09" Jan. 99
103%
104%Feb.'98
78*
Oot'99
MK&T
lit g
Ya Oent A P lit g 61.1911
W
Wheel'gALB lit
J-Dt
J-Dt
•••••• 111111
•••••• .....I
•••••• mihi
103%
108
86
85
92
wo Low.Higk
119
J-D •108
106 Aug'00
MezAPao lit g....5i'31 M-N 98% Bale 98% 99
Otla T GAN it gn g Si 1924 M-N •108*
105* J'ly'00
Hous E &WT 1st g Sb.1 933 M-N 110
105 Aug'00
1st gug Si
1983 M-N
HATU et « 5i lnt g u.1937 J -J 110 111 110% llf%
Oong6ilntgtd
1912 A-O 111*113 112 Aug'00
Oeng4i lntgtd
82
1921 A-O • 81
81 Aug'00
Morgan'! La AT lit 7i 191 A-O 136
134 Nov'99
latg6i
J
1920
-J 119%
120* Feb '00
NYTAMexgulitg4i.'12 A-O
Hoof Cal lit gug 6i... 1907 J-J
Guaranteed gold 5»..1938 A-O
106 Aug'00
BoPof Argu utg6i. -09-10
O.
102
J-D
85
93* 2d gold lno. Si. Deo...200r: Mob.
1935 J-J
53% 65* TolAOC lltgSi
W J-J
AAN
•
•«••••
••••••
#•••••
4*i. '89
lit oon gold 6i. .1894-1944
Tex A N
tine*
Jan.1.
.
98
W
.
S<e
A of St L
(Mill
M-N
M-N
F-A
J-J
J-J
A-O
F-A
BtLMBgeTergugSi.1930 A-O
- er
Range
&*
100
99 Aug'OO
112*116% Tor Ham A Buff litg 4i.l946 J-Dt
liter A Del lit g Si 1928 J-D 106
107 Aug'OO
103
105* 8S6 101%
118* 121* U n Pao— BB A gg 4il 947 J-J 105* 105* 106
113
i
Stamped
rfebo&N.
•
Wabash
i
BPof
Stat III By lit gu g 4*1.1943
121% 126
106 113% Sunb A Lew— See Penn BR,
Syra Bing A N Y. See DLAW.
103* 104
TStLAKO
108% Nov'99
litg Si
Bt Jobn'i Dlv 1 it a 4i.. 1 934 J-J
Ala Mid let gu g 5s... 1928 M-N
82
•> gn g 4i. 1 938 J -J
Bran* at
Sil S Oca & G gu g 4i 1918 J-J
Beioto VaJ A n H. See Nor A
Beab A Boa lit Si
1926 J-J •105
Car Cent lit oon g It 1949 J-J
Bber Bhr A So. 8m M K A T
811 B Oca & G See 8av F &
Bod Bay A So lit g Si. . 1924
Bo Car A Ga. See Southern.
Southern Pacific CoGold 4i Cent Pao ooL.1949
Registered
1949
Wilt gngSi... 1941
CPac 1st iefgug4s... 1949
Beglitered
1949
Mort guars S*s...,1929
Beglitered
1929
Oal Bar ABA lit g 61.1910
8dg7
1905
Si
W
117* 121
137 142* Tol Peo A
108% Apr'00
i'ao"
Atk. Low. High,
TexAP By BdlT litg 61.1905 M-S 105
90
104
M-8
A-O
W lit eon g 61.1934
1934 A-O
W
1M*
84
98* 100
95
91
See
BAAAP. 8m So Pao. Co,
BFANPlit if g Si.. .1919
Si
113* 8 A N Ala, 8m L A N.
119* Spok FaUiANor litg 6i.l939
79
117* J'ly'00
137* Aug'00
137% Feb '99
114* Aug'00
106*Mar'98
.
Nor Par
BtP AS'xOlty.SeeOStPMAO
BBePres A Ph let a 51.1942
B
Small
Series F
.
J-D 103
J-D
A-O 108
A-O
A-O
A-O
J-J
J-J 180
J-J
J-J •116*
J-J
Will AB Flits Si. ...1938 J-D •iYs"
Beglitered
1938 J-D
.
4-5i
lit gold 5i
StPaul&Dul eNorFac
Mt rani M A Man 3d 8i.l»09 A-O 118
.
111
La*t Bale.
Ifeefc't
31.
1936
Gtd itamped.
1936
OA
lit oy gu 41.1924
Weit N O lit oon g 6i. 191
Nov'99
110
121
Sd g 4i lno bond otfl. .1989 J-JI
Gray's Pt Ter litgug 5i'47 J-D
1933
1933
Beglitered
Beduoedtogoldi*i 1933
Beglitered
1933
Dakota ext gold 6i. ... 1910
Mont Bxt lit gold it.. 1937
1937
Beglitered
Mlltdivlitg5i.,.1908
Beglitered
1908
Nor dlv lit s <•.... 1940
Beglitered
1940
Minn Union lit g 6a. 1022
MontC lit gugBi... .1987
Beglitered
1937
lit guar gold 6i
1937
Beglitered
1987
D
Series
85
81
Aug. 31.
A 61. 1906 M-B
1911 M-8
•••••
1918 M-8 •••••«
1921 M-8
Ml.l
1921 M-8 HUM
1926 M-8 ••••••
1926 M-8
1981 M-S
B6i
Seiiei
BerieiC 6i
W
BtLBW litg 4ibdofi. 1989 M-N
oomoi gold 6i
92% 98
[Vol. LXli,
Mange or
Bid.
Southern— (Con)
Virginia Mid ler
GenSi
8o. See IUlnoii Cent.
lit
Wekk Ending Aug.
4.
Price
Friday,
BONDS.
Small
80
81% "8*6"' Aug'00
BFBBg4i....l996 J-J
100 J'ne'00
8outhwDlvlitg5i.l94 A-O 100*...,
A-0
A-O
J-D
81
71
• • •
LA
.
1.
Pagi
(5 pages)
N.T. STOCK EXCHANGE
Series
Bt L K O A N. See Wabaih.
Bt L M Br. See T KB A of 8tl
Bt Lonii A Ban Franoinco—
190H M-N
3d gold 6i Class A
1906 M-N
2d sold 8l OlauB
1906 M-N
8d gold Oi Clan
1931 J-J
General gold 6i
1931 J-J
General gold 5
1987 A-O
lit trait gold Si
lit g 6i Pierce O A 0..1919 F-
Cent Dlv litg 4i. 1989
Ft BAY BBdg litg 61.1910
Kaniai Mid let gii... 1937
tint*
Jan.
Nov'99
77* Ang'00
93
98
PRICES
Bang*
Is
Low. High. No. Low. High
Atfc
77
92
Boon A Pitta. See B B A P.
Borne Wat. A Og See NY Cent.
Salt Lake C lit g if 8i. .1913 J -J
tJoAGIlltg 3-4I...1947 J -J
Bt L A Oat 8m Mob A Ohio.
8t L A Iron Mount. Set M P
Bt
9"
•
Copper
100
Tent FireWrki—Com.100
Preferred
100
t Price p
i And Interest,
Bid.
AH
"7b
98
90
9f
"•8% 7»
18
62*
990
1
*
ft
98
it
18
68
>i
9
8
...
Sept.
1,
•
THE CHRONICLE -BOND
1900.]
Pries
Friday,
Aug. 31.
3tj
BOND8.
EXCHANGE
STOCK
K. Y.
Week Ending APQ. 31. ll
Range
Bine*
I*
i»MH
•
n
•
•
•
•
•
•
•
"
d
si 111
lit no"" Is.
Patersor A
j.j
••••
-»
•
reo .asAUlatgug6a..l904 .T-D
3d stag*:.
\l<>*
19*3
1st oonsol g 6s
Refunding g
1947
5s.
•1942
Heglstered
O*
Wllit a Ks.1049.
1*1-
• •
107
104
J'ly '00
106
Deo '98
Mil
108 108k 107
105
108
*.
105
105
108
• • ••• If e e •
CTi<M.ACkelstgug5s37 J-.I
Con O Oo of Ohlstgu g 5s 36 .T-D
J-.I
Bad A yOhlstguges.'05
Ho Fuel Gas lit gu g 5. 1947 M-N
Trent/"'
29
B
•
J'ly '00
J'ly '00
•
E LA P lit if g 58.1950 1 -J
Wei ttai «'0 OOi tr g ^i... 83 M-N
0<>AL A IKON BONDS.
ClahHoalMln. 8e«TClAR.
'leart BttCoa). SssNYCAH
107
103k 106
180k 137
•••
107
106
108
103
•••
• III
II
.
L06* J'ne'00
••
F-A
oAl 1st oongOs... 1902 J-J
* I Pev Co gu g 5i. .1909
908
Coupons
J
Col Fuel Co gen gold 8s. 191 m-n
Ool r A I Co gen s f g5s. 1943 F-A
De Bardel C 4 1. See T 0*1.
Or «tlv Coal AC 1st g 6s. 1919 A-O
offl.
Sun Ok Coal lit g
1 f
6I..1912
TranCoalTDlv Istg6sl917
Blrm DlT lit oon6i. 1917
Cab C M Co lit gu g 6i..'22
De Bar C A I Co gu g 6s.'10
WhLB APCOo f»tg5i.'19
101
f*nt
Am
8i.
. .
••••
rii»Mig Istg6s..l9i5
.
Am
mill
A Gamb
lit g 6i. .'40
Stan Rope AT litg
tuoome g 5s
BnvelOo lit
6i.l946
1946
g6sl918
«e
Jan.'OO
•
1 I
100k 108k
*
• • • •
58
58
108
90
103
10
93
• •
105
106
106
•
99
•
ft
ft
J'ly '00
•
ft
• •
101
•
1 •
33
Jan.'OO
•
• • •
••ell
99
70
•
•
i
14
•
•
'on
Ang'00
87
••••••
67
10
vi
h
13
ioa"
iVs
110
105
109
S3
80
18
70
Cheeebrougb Mfg Co. 100 368
94
Chicago A Alton RR Si...
ChtcAAlRySks w. i.)
Com stock wh Issued)
80
96
60
101
101
(
Pret (when issued)..
Claflln iH B)-latprel.l00
100
3d preferred
113
105
Alk
40
95
87k
98
70
108
108
IS*
Boat
»
ft
••
»
ft
ft
•
ft
• •
68
Empire
80
16
40
Steel
8
Preferred
B-te A Western Trans. 50
A Dep (Bait).. 50
General Carriage
General Chemical. ....100
Preferred.
100
3
67
50
118
6
••
68
99
Gorham Mfg Co-Com.100 110
Preferred
100
Preferred
Hsok-Oones-J Mlll-Pf.l00
1st 6s
1922
40
..MAS
75
ner'g-Hall-Mar(asat p'd).
Preferred (aaat p'd) 100
Hoboken Land A lmp't.
BleoVeh Trans. 10
t
ik
International Klevat.100
Intemat'l Pump—Com. .
i8k
Preferred.
66
Internat Silver— See 8tk. Bxoh.
5°
Do
*o
pref.
do bonds.
Inter-State Oil
Don
SUMuuDuat.
loo
..jij
iohn B Stetson—Com. 100
Preferred
loo
•s 1901
Journeay A Bumham.lOO
Preferred
100
Lanston Monotype..., 20
Lawyers' Surety
loo
Lawrers' Title Ins. ... 100
37
I
98
67k
2k
3d 6s 1919
MAN
JJ««««n Copper
Mix
Nat Conatruot'n, pfd
Minneapolis Brew
1st 7a
\
55
85
80
1
100
16k
Nat Enamel'g A Stamping
ik
i9k
67
list.
89
98
58
80
30
ii*
95
160
ft
18
1C5
170
108
7
40
I*
8)
20
81
34
78
76
18
86
8Tk 88
86* 87k
37k 89
Elevator—Com.. .
Preferred
Peok, 8tow A Wlloox. .25 1
Pennsylvania Coal
50 410
••••ft
Pitts Bess
50 t 81
2ik
Pittsburg Brewing
50 1 23k 28k
Preferred
50 t 48
43*
Pittsburg Coal.
.100
84k 34 k
Preferred
..100
80k 80k
Pitts Plate Glasa.,,,.100 162* 163
18
Planters' Compress ..100
16
Pratt A Whitn— Pref 100
55
450
Procter A Gamble.... 100 425
110
Preferred
100 2U3
1st 6s— See Stock Bxoh list.
•
•
-
• •
i
99
.........
t
6
111* 1159k
114
135
138
525
Preferred
.....100
3d preferred
..100
Singer Mfg Co
100
Standard Oil of N J.. 100 535
Stand Und'rg'd Cable. 100 196
Sloaa-Sheffleld See Stock Bxoh
Southern Cotton Oil. .60 t 03k
Stan dardCoupler.com ....
40
P r *3 f © r r g d
198
8tat Ial R T 1st 6s' iSAAO 107
3d 5s 1926
JAJ 95
Stlllw-Blerce A Sm-V.100
50
Storage Power
IS
100 101
Swift A Co
1st 5s 1910-1914.. .JAJ 1102
SusqCoal6s 1911. ...JAJ 118
Texas A Paoiflo Coal. 100 75
1st 6s 1908
AAO «107k
TlUeGnarA Trust... 100 390
Trenton Pott—Com.. 100
3
Preferred
50
100
Trow Directory-New. 100 00
Union Copper
Union Steel A Chain.
,,
....
93
87k 29k
76k 77k
66k
115
8*
8
125
105
140
144
000
537
2t0
.Hsu
•
ft
ft
60
65
15
108
103
140
85
....
400
7
55
60
2*
8
•
110
•
Small...
Class B 5s
Class O 4s
,
108
1906
101k 103k
•••••• •••••!
••••• •••••«
• •••II
Nor'99
•<•«•• ••••!•
MUM
109k "H««
105k 106k
13
109
103k 105
3 108k 113
46 10Sk H8k
109k
109k
114
114
117k
118k
188k 187k
4 181k 137k
112k 116W
113k H6&
>
• • •
i
ft
•
134k iS4k
113k J'ly '00
113k Aug'00
ft
hsnissuear
ent " for bond
Dtst of
......1906
Columbia— 3'65s.l924
Louisiana— New oon 4s.. 1914
Small
Missouri— Funding. ..1894-95
Nortn Car— Conaol 4s...l910
1919
So Carolina— 4Ws 30-40.1933
Tenn—New aettlem't 3s
.
191
i
Due April.
I
...,
181
Apr '00
..„
108
108
...,
109k Feb. '99
104
100
106k
J'ne'00
187k
188
115
94
180
95
Feb '98
Mar'00
1
Banlta.
Bid.
Qu
N. Y. CITY.
America*.... 450
Am Bxoh.... 183
Broadway....
Butch'sADr..
Chatham
....
Chemical.....
Colonial*
....
Columbia*...
Commerce.
.
Continental
Corn Exch*..
85
Ask.
500
290
240
85
170
475
300
4000
140
320
275
190
260
130
34J
Domes. Exoh
- •
••
U
345
350
103
Baat River.. 140
11th Ward*. 150
Fifth Ave*. 2400 3900
225
3600
14th Street*. 145
165
175
Gu
170
400
Park
Peoples'*.... 380
100
Phenix
475
Plasa*
Prod Bxoh*.. 135
Republic .... 230
Riverside*... 310
Seaboard .... 290
600
Seoond
A Le'th
.
Mt Morna*.
*
185
Int.
t
[to*
Bid.
Qu
otati
200
140
126
105
.•••II
Trust Coo.
N. Y. CITY.
••
180
430
•
ft
Atlantlo Tr.
Bankera' Tr
300
•
• •
180'
Colonial....
340
Continental
376
• • • •
Fifth
ft
Ave Tr 485
Guaranty Tr 135
ft*
Manhattan
'
•
ft
•
85
110
300
Tra*. 270
100
285
Nassau
265
Nat City
North Side*..
••• 170
305
195
People's*
155
Scherm'rh'n* 150
17th Ward*. 110
Prloe per share.
••••
675
350
.
MortonTruat
N Y L I A Tr
N Y Seo A Tr
North Amer.
.
ft
.
•
.
Hamilton*... 110k
Kings Co*.... 100
Manufaot'rs. 380
Mechanics* 190
Merchants'.
•••••«
Farm Ln ATr 1400 1485
330
• •
150
300
830
.
First
305
ano
Central Tr'at. 1950 3050
860
300
Oity Trust.
BR'KLYN.
.
I
Bowl'gGreen 185
CtLRlty BAT 450
Bedford*.... 310
345
Broadway*
Brooklyn* .. 110
8th Ward*...
5th Ave*.... 100
8q*....
•
105
115
NY*
130
>••••
Kniok'rb'ck'r 400
12th Ward*..
23d Ward*...
>nt.
......
......
......
>•••••
800
Mercantile
300
Merohants'
Metropolitan 435
Banks marked with an asterisk
accrued
>•••••
105
YorkviUi*..
130
180
55
87* 40*
100
300
139
100
100
235
375
415
285
West Side*..
Western."....
.
48
83k 87k
33k
1?§*
Banks.
,
Seventh...... 180
Mech A
10
Bid.
A Coke. 100
.
19th Ward*.. 100
190
Ninth
Unton
IS
9:
6k
Sprague
36th Ward*
Union*
Wallabout*
New Amst.*.. 675
NewYork Co. 1500
N Y Nat Ex- 120
New York.... 350
State*
State of
180
96
96
190
94
91
85
Brokers
otatio
140
175
1750
German Am* 130 180
German Bx*. 265
Germanla*.. 400
Greenwieh*.. 165
Hamilton* .. 145
Hano'rfnew)
435
Hide A L ath 130
Imp A Trad. 515 530
180
190
Leather Mfr. 310
310
Lincoln
775
Manhattan* 265 280
Market A Ful 210 330
Mechanic*'. 300
310
Meoh A Tra* 95 100
Metropolla*.. 575
Ask.
Bid.
Gallatin
390
Gansevoort*. 60
Mercantile
*200
Meroh Bxoh. 185
Merchant!'
170
106k 106k
.
Bank*.
Shoe
181
106k 108k
8
& MISCELL'S.
North Amer. 200
375
ft
I
MAS
6s 1949
Westlngh Air Brake. .50
Worthing. Pump, pfd.100
Paclflo*
150
.....I ....ft
181
6k
Va, Coal L-on
33
Brokers'
101
108
ft
Mlecellaneon*. Par,
8 Envelope—Com.. 10
Oriental*.... 1188
340
ft
ft
100
U 8 Glass—Common. .100
100
Preferred
Mutual*
Nassau*
470
190
•
ft
Pref.
4k
8k
otati one.
i
Due August. aThese are option sails.
Mleeellaneone. Par Bid. Asi.
Union Steel A Cham pref
36
Union Swltoh A Signal. 50 t 43k 44
Preferred
50 t 67k 78k
Union Typewr—Com. 100
87k 89
1st preferred.
100 109
111
3d preferred
100 118
183
Brokers'
•••••• ••••••
95
6k
Bonds due January.
H6M
108k
III
• III
•
96k J'ne'00
89M 90k 89k Aug'bO
Virginia fund debt 2-3s. 1991
Registered
•s deferred cents
97k
Aug'98
8ep.'98
Jan. '00
•••••
••••I
103k
138
108
107
698
lookJiy'oo
105
108
108
nik
108k
• • t
ISf-kJ'ly'OO
...,
„..,
112
v receding.)
<te
May'00
108k J'ne'00
115k Aug'00
115* Aug'00
...,
108
100
H««
OoV99
seventh va
109k
107k....
••!•••
..•••I
••••
••••
118k
Q-J
,
•••••
...!• .l.l««
110k Aug'00
see
mi
MM
•••
•
J-J
8TATB SECURITIES.
Alabama— Clasi A 4 to 5. 1906 J-J
189
25
60
118
••
•III
Feb.'98
109)|
U. S. Cast Iron Pipe.
Preferred....
NT
.
4
• ft ft
17k
National Bait
89
41
66
Preferred....
66
National Surety
100 150
180
National Tube See NY Stk Jxoh. list.
62
National Wall Paper. 100
75
N. B. Eleo. Veh.Trani.. 10 t 3k
4k
N T Loan A Imp
100
70
85
Biscuit 6i 1911. MAS usk
New Jer Zinc A Iron.. 100
N. Y. EL Veh. Tranap .100
7k 8
Nicholson File Co
50 t 69
Slmmona H'rdw-Com.100
130
Uk
40k 40k
40k 41
National Carbon. .....100
100
Preferred
Preferred
Russell A Erwin.
25
Safety Car Heat A Lt.100
Beaooast Packing Co
Preferred..,,
8
(Pi— Pref...i00 100
Madison 8q. Garden— 100
6
Lorlllard
50
48
45
96
115
Ask
l-k
•
J'ly '00
104
109
UB
US
Due May.
*
•II ••••i
Feb'O'
118
J -J
•III
•
101k 101k May'00
•••••I *••!••
•III!* •••||
••••!• •••«••
Small
84
Bid
i
Rubber Goods Mfg.......
110
106
6a
flllnols
100
40
•••>»
•
.....
• •
104
105
81k 87k
•
10
10
••••••
-J
a -J
19
•••••
Oot.'9P
8k
(Given at foot o* 7 consecutive pages).—BANKS
RoyBakPowpf
120
ok
116k
103
3
81k Ang'00
75
75
.
97
••III •••••• • • • •
••••is •••••• 101
•••••I •••!•• 1 1
8mall
ALB
18
60
11
Futility
Harana Commercial.
84
9k 84
Gramophone.... 100
National Saw— Pref.. 100
35
t
107k
•••II ••••*•
Nat'l
16
40
90
0. 8. GOV. 8BCORIT1B8. (For daily record
2a 30-year refnndlngt....
10dk 104k
O S 2i 80-year reglatered t-.
103k 104k
1918
109 110
3i registered
..1918
3a coupon .,,
109 110
U 8 8a reg email bonds. 1918
109 110
U 8 3a oou small bonds. 1918
1907
U 8 4a reglatered
114k 115k
1907
U B 4a coupon
114k 115*
1925
reglatered
U 8 4a
133k 134k
1925
U 8 4a coupon
,
133k 184k
,1904
U 8 5a reglatered
118k
...1904
U 8 5s coupon
118k
"
stei Departm
t Prices are made in the
105
87k 95
104k 103
Preferred
19k
•••••I
•••••I
111
••II ••••I*
Noy'9»
••••••
•••••
••••••
••III*
••••••
'•!••
•••••
•
Mexico a f g 5a of 1899
...... •«
696k Aug'00
b Thete are prices on the basis o/ live dollars to the pound.
•••• ••••••
105
Monongahela Rlrer Coal.
Otis
•>••••
••••••
••••••
••••••
US
U S of
85
OS
-
106
9
105
105
Bale
••••••
••••••
ftftftllft
J-D
J-J
M-S
Currency funding 4s. ..1920
Monongahela Water... 35
100
Mosler Safe Co
45
80
90
JAJ 85
litg 6i 1917
Oonsolld Car Heating. 100
50
60
10
16
Oonsol Flrew'ks-Com.100
100
Preferred
55
66
Rubber
Tire...
Oonsol
7
Pref
33
37
Corbln Cabinet Look. 100 335
Corbln ^P. A F.) Co.... 85 t 85
Oram pi' 8h A Kn Bldg.100 75
80
Diamond Match Co... 100 122k 138k
Distill. Co. of America.
4k
4k
Preferred
Keotrlo Vehicle
Preferred
••Ill*
•••••I
••••••
•••••I
•••••I
•••III
no
3r
8>k
118
I.
Low High
Ifo
Fd and real eat g 4k. .1950 M-N 106k 106k 106k l««"
Mut Un Teli fa 6i...l9ll M-N
109 May'
FOR'GN GOV. SECURITIES.
•••••1 •••••*
Preferred
17
80
360
Common— See Bt.Bx. liat
A Hook Ci al A I, pfd.
Pnf
97k 81k 80k
J-J
M-N
M-N
Jan.
......
*•••!• •••II •••«••
110
H3k
H3k
• *
118
113
Bale
74k 75k
Col
Eleotrlo
......
6s
OUTSIDE SECURITIES
'
'
-.111
Miscellaneous. Par, Bid
4a... 2397
8397
Registered
Erie ATooltrgif5i...l980
Met T A T lit • i g 5i.. . 1918
Cn.
Mut Dn Tel Oo. See
* t A N J Tel gen g 5a oy. '30
NoWeitn Teleg. See Weat.Dn.
Weit Union— Ool tr cur 5i.'38
100k 104
11
104k May'00
J'ly '99
ftftlll
89k 89k
93
13k
••••••
• lift
Jan.'99
93
t
• ft ft
••••••
Apr '97
105k 105k
1
1st5»trotfs.
Onateaugay Ore A Ir 6i 15
Ob.ee A O Grain Kl— lno.
95k
103
105
101
33
1
Jan.'OO
39k Feb
••••<•
98
•
Aug'00
• • •
•»t is •••••«
•
ft
•
105
•
•
ft
Feb '00
Aug'00
•••• iiiiii
••••••
ft
ft
71
9
•Me pnee Friday; these are latest bid and asked this week, t Due July
k'n
:om JableOo lit g
Last Salt
t
IIIIII
ioii<ioi)i 101k 101M
109
100
' 70
75
69 J'ly '00
J-J
F-A
J
103
98
•••••6
•
105k
M-S
MIBCHLLANBOU8 BON D8.
M-S
Adami Bx—Col trg4i.l948
mDkAImpSi. S«eCenNJ
F-A
5i'48
Bk lnFerryCo 1 it oon g
wAWH
• • •
F-A
J.j
UB8LeathCosfdebg6s.'18 M-N
a f
Ang'00
Feb '00
*
Thread lit col tit 4s 1919 J .J
Bar ftBCarCo litg6i ..1942 J.J
Gramerey Bug let g Be.. 1938 A-O
1910 J.J
Fdteel Co debSi
Non-oonv deben 5a... 191 A-O
Int'l PaperColitoong6i.*18 F-A
Knlok Ice (Chio) litg 5i. 1928 A-O
Nat BtarohMfgOolstg6sl920 M-N
Procter
101
58
107
190" Qu-F
1915
Cupples Station A
PropCo litg 4ki 5-20 yr'17
B Yuba Wat Co oon g 6i. .'33
8p Val Wat Worki lit 6i.'06
Vermont Mar lit • f Si.1910
sine*
ot
Ask. Low. Wio*
110 Aug'00
Bid.
AOnt
Wn
95kJan.'97
May'97
80 May'97
J-D
J-D
M-N
J-D
A-OJ
J-J
J-D
MAN'F'O A INDOBTBIAL.
on 4«b g
AmExtended
4k«
t
L Ter
Rangt
Week's
Range
Aug. 31.
J-J
M-S
M-N
J-J
M-N
ManBchHAL.geng4g.1940 M-N
BAD D Si.l 990 J-Jt
Newpt News
Land litg 61.1910 F-A
Northwestern Tel 7i....'04
Ool
Col
RoohAPitCAIpurm 5sl946
109
108
106
105k 100k
l
i.
Jeff* Clear 041 Istg5sl92e
1926
SdgBi
109k
•••••I ••••••
•••ft
Pnee
I
St
431
6.
Friday,
A-O
Det MAM Id gr 8kl B A.1911
la .ik Wat Reor lit g 5i. 1936
He id B Co lit f a 8i...l931
1910
HoiokenLAIg 5s
don Steamboat Co 6i... 1901
1919
5§...
Mad Sq Gard litg
TELE. A TELEPH. BONDS.
•••••I ••••••
•
.
110
130
•07
1 • •
May'00
Aug'00
Deo '99
94k
U7H
i
ill*
•
HO
•*
••
• ft.
••••••
Ctlc»
91
108
•*•
>•••
Aug'00
120k Aug'00
•
in •••••I ••••••
V 106 111
103k
Page
(5 pages)
A BtTd ool g 5i.l915 j.j
1907 i-j
Non-cum lno 5i
>
•••••• ••••••
••••!• ••••••
•••
•
••**• •Mill
104
A-O
M-S
M-H
in
in
. .
.
,.
Clhlo Jo
•
9
llfMJ'ly'OO
}zfS mP G A E K 5*- 1 "" M-N
1.
••in ••••••
•tine ••••••
•••
PRICES
u
.
3«
BOND8.
N. T. STOCK EXCHANGE
Week Ending AUG. 31.
Low High
••••••
Kings Co Bl LAPg5ft.....'27 A-O •••••• •••••« •».,,,
......
l
Purchase mon
: *s2
J -J • •••*• MUM 97k Oct. '99
n Bkn-lstoon g 4».*89
Bd
111
May'tv
•••••ft •••••
l "° A-O
litf St
••••••
•••*• ••••••
••••••
•• • • •.•.«• A-O
Registered
107
107
107
106
O-Wt
5s'l
Uo Ges-L Oo of StLlstg
Q-F*
19
••••
Small
Mat Fuel Gas Co See PeopGas j-n 106 108 108
108
HTOBLH4P..«6l.m8 J-D
1»*|
Registered
9»k
99k Bale
9<M
Pwjbasemong 4s....i9«)» F-A
108*1 111
109* Aug'00
lit ooiit g 6il910 m-b
•
Jan.
Ask. Low. High.
Bid.
A-O
Week's
Range or
Last Sale.
3
..
..
..
.
!
•
i
475
435 455
1375 1485
750
t301
Real BstTr't 300
StandardTr't 310
......
305
Tr.Co.of Am. 330
300
Tr.Co-ofN.Y.
Union Trust. 1300 1400
UBMtgATr. 1450 •••«
Unit. States.. idOO 1600
Washington 390
BR'KLYN.
Brooklyn Tt. 416
Flatbusii .... 160
Franklin. .... 300
Hamilton... 365
Kings Co.... 340
L Ial L A Tr <!50
Manufaot'rs 307
85
Naaaau
330
People'a...
Willlamab'y* 1S5
••••••
••••••
••••••
• •••••
•••••
»•••••
• •••i
338
200
ari State bai-ki. i Purchaser also pays
Bale at Stook Bxon. or at suction this week
(*)
'
.
..
.
.
.
THE CHKONICLE.
432
[Vol. LX2I,
Boston, Philadelphia and Baltimore Stock Exchanges— A Daily and Yearly Record.
Sales
Share Prices— Not Per Centum Prices.
Range
Saturday,
Aug. 25.
Monday,
Tuesday
Aug. 27.
Aug.
2?
•
i
148
•
189
195
•185
180
30*
848
318 248
348
•148
••••>
148* 148k 147* 140
140
844
344 •
344 •
V
...
•183
100
188 188
190
100
100
194*124* 125*
121* 131* 134 134
•185 136
•135 136
135*138
138
•135
125 '8*6' 136 186 •135
SO
•89*
30
80
30
•20*
350
148
844
189
185
1SB
188
30
•
40* 40*
•40
40*
137* 139
•35* 25*
40* 40k
•187
36*
948
350
• • • 4
88
•32*
•75* 78
•11* 13*
•U*
•51% 51
•70* 71i(
50* 50*
•70* 71
25* 35*
33
33*
33
33
76
76
18*
76
76
40*
•10
130
139
•II* 13
•86* 87*
5f* 50*
70*
71
305 805 •304 3C5
•ao4 805
84* 84* 63 16-16 4* 84 64 -It'
50*
51
71*
•71
303 305
64* 64*
I
09* 99k 09* 00* 98* 00k 09* 100
8* 8* •8* 8 7-16
•8*
8* 8*
8*
a
88* 89 38 11-16 * 38* 38*
•13* 14
•14
•14
14k
14* •13* 14
58
58* 5S* 58*
58
08* 68* 58
76
75* 75* 76
76
78
78
76
88* 88* 36* 36T* 36* 38* 36* 86*
16* 16* •16* 16* ne* 16* 16* 16k
93* 94
88
04
•85
76
•75*
2
1*
03* 03*
04
•87* 88*
87* 88
88
25* 85*
•75
8
04
94
•35
36
78
•75*
88
75* 75*
1* 1*
1*
1*
1*
88* 88*
•35
26
76
*••••• •••••«
•40
•
•••
'
03*
315
83
•755
317
83
758
16
16
•48
•96
08
•63
745
16* 16*
•54*
•33*
*53*
84* 34*
•58* 54*
»*
0*
16
56
16
•08
08
315
•63
•763
08
34
•07
•56
65
•
<8
65
•
•
34* 34*
53* 58*
no
STOCKS
»
•
MAT"
Pref
Inds Street
KG
"
.
50
50
"
100
Pref
Little Sohuylk.(Phll) 50
Mains Central. (Bost)100
Mlnshill ASH. (Phil) 50
50
Nssquehon'g V. "
50
North Penn.... "
Pere Marqu'te.(Bost)100
"
*
100
.
WestJer A 8 8. (Phil) 50
5C
WestNTAPa. "
Wis Cent, new.(Bost)100
"
100
Pref
WorNashAR. " 100
mer.Oementl(Phll)
...
82*
32*
8
••
14*
38*
125
8*
10*
61
7
1*
45*
7'* "r,n
16* 17
<<
86
Central Oil
Con. Lake Sup. (Phil) 60
16
"s'o'k
"
0C
"
86*
6*
6
10
8*
110
at*
31
170*
15*
111
808* 306
18* 14
138* 189*
180
140
•snBl Auto-Mi (Phil) 00
Ind-Bgyu ComT(Bost) 1 00
IntBntHABM
"
1C
86
Uls Royals T.... "
Monufao Rub.. (Phil) 00
"
PTef
00
MarylandBrsw.(Balt) 1 00
"
100
Prsferrsd...
Mergsn thaler . . ( Bost) 1 00
,f
Mas Tslsohons "
10
8*
91*
1*
a*
30*
•47
10
188
Preferred T
"
Federal Steel
54
48
65
Westingh. Bleotrio
Preferred.....
8
10
68
Bonds— Boston.
Am Beil Tel 4i.. 1908 J*
Adjustment g 4s.. 1995
Boston Term'13*s.. 1947
BosUnGaslst5s.'39JAJ
3dM5s
1980 JAJ
Bur A Mo Riv ex'pt 6s. JAJ
Non-exempt 6s. '18 JAJ
Plain 4s
1010 JAJ
Ch Bur AQ 4S.1023FAA
70
Hz
1014MAS
4s
1016
MAN
I
8
27*
37*
ae*
28*
3
BaltAPlst6sml 1011 AAO
83
35
30
1st 6s tunnel 1011..JAJ
20*
24*
0*
Bal Trao lst5s.l920MAN
24*
h
31
10
*
81*
8*
• • s
at
• S •
• t •
si
MIM
3
41
••
3*
41*
00* 100
90
0«*
8C* 85*
111*
74
47
116
{
{
{IK*
{103*
M
W
K CA M RyAB 5s.'29 AAO nos
K O St Jo A C B 7s.'07 JAJ ino
1980...
MAi-
t
•
1110
I 79
85*
18*
•••«
••IS
80'
61
43
Jan.
S
6*
06*
Mar.
July
July
Mar.
July
8
KnoxvTrao lst5s '28 AAO
LakeRBllstgu5s'42MAS
118
3 133
14
3
3,311
601 *107
118
iii"
108*
31
Jan.
6
Jan. IS
5l
5
Jan.
t « 50 paid in.
40
40
61
AAO
6s 1000
JAJ
6s gold 1000
JAJ
6s 1004
JAJ
1026....
Series A 0s
Series B 0s 1036.... JAJ
est*
•
114
100
103* 103*
Un Trao
100*
80
88*
60
130*
no
5s.
1026 JAJ
3d series 6s.. 1011 MAS
3d series 8s.. 1018 MAS
4th ser 3-4-5s. 1081 MAS
5th series 6s.l036MA8
108
181
181
(State) 3s
Find
nsw.'33JAJ
<1ebt3-Ss. 1001 JAJ
80*
Edison Bleo 5s stk tr otfs
BlecA Peop's Tr stk tr ctf t
HlmAWilm 1st 6s.'10 JAJ
Income 5s... .2882 AAO
Bq 111 Gas-L Istg5s.l02*
Hestonv M A F oon 5s. '24
HA B Top oon 5s.'25 A to
Indianapolis
Ry
4s.. 1 033
K C Sub B 1st 6s..'20 JAD
Lehigh Nav 4*s. .'14 Q-J
RR4sg
1014 Q-fr
Gen M 4*s g. .1024 o-l
Leh V C*l 1st 5s g.'33 JAJ
78
104
••#•81
1910 MAS
1033 JAD
7s.
Consol 8s
New'kConGas
Newark Pass oon
5s.l030
NYPhtlANorlst4s '39JAJ
Income 4s ... 1 030 MAN
No Penn
1st 4s..'36
MAN
10OSJAJ
6s r... 1010
Consol 6s 0.... 1005
Consol 5s r.... 1010
Penn A Md Steel oon
Pa A N Y Can
1
Yai
Yai
Yai
6s.
Cons 5s
Cons 4s
1030
1030
Penn Steel lst5s.'17MAN
People's Tr tr certs is.'i;-
Bleo gold trust otfs
Q-l<
Oollat trust 4s.l031 JAJ
Pitts CAStL 7s. 1000 FAA
Read Oo gen
St
I
ei*
00*
•
73*
• * •
s 1
110
70
••••••
118
107
113
108* 103*
1007 JAJ
Rochester By oon 5s. 1030
SohRBSldelstSs g'35JAD
Boran Trao 1st 6s^38MAN
Union Tsrm'l Istis.KAA
United N J 4s..l944MAt
UnTraoPltU «eu5s'07 J AJ
lAnd
188* 198
116*
104
80
4s,
interest.
i30*
105
•
••••
••••
•
iMt
•
••It
100* mil
186
113
01*
AD 118
AAO 110*
AAO
00
• •
• • • • •
7s.. '06 J
Terminal 5s g.1041
• • •
••••<
i'0'7*
JAD 188*
JAD 103*
Annuity 6s
PWU A Bait 4s. 1017 AA*.
*
ioi* 101*
Leh Val ext 4s.. 1048 JAD
06
73
119
90
116
.••*••
Bxt Imp Mis g.'47 AAC
Con M of '88 4s.'37 JA.
00* 100
U9*
78
ConTraoof NJlBt5s..'SH
sttt
Del A B Bk 1st 7s. '05 FA.A
EastAA 1st M 5s.'20 MAIt 113*
.
106
88
181
111
MAN
Trust oertfs 4s
PhABr gen M 5g.'30 AAO
Gen M 4s g.. 1920 AAO
Ph A Read 3d 5s.'33 AAv
Consol M 7s. 1011 JAL
Con M 6s g... 1011 JA1
)
A Roan
Asl!.
106
Phl'.a
5s.
UoBlLAPlst4*s'80MAN
Un By A Kl lst4s'40.MA8
85 paid.
ChooOkAGgen 5s'10JAJ 105*
Clt's'St Ry (Ind)oon 5s.'3S 107*
Colum St Ry 1 st con 5s. 3
GenM7s
BavFlaAWest5s'34AAO 113*
06*
Seaboard loan oertfs ......
Seab
tr otfs
Penn gen
1097 JAJ 114* 115
PotomYal lst5s.l941JAJ
BeoA vTn(Pitts 5s'34 J A D 117*
Pitt
I
Bid.
5s '48
11a* 112*
105
May
14* June
318
3d
NewpNAOPlst5s'88MAN 104*
NorthCent4*s.l025AAO
16
• a
117*
105* 108*
Norfolk St 1st 5s '44. JAJ
16
14
30
16
'<
108
116
39* Juue30
'
104* 108
00
07*
Maryland Brewing 6s ...
MetSt( Wash )lst5s'25FA
New Orl Gas 1st 5s...Yar
00
Ter 1st 5s. 1026 JAD
BergABBrewlst6s'31JAJ
B Boro Gas 1st 5s.'38MAb
Cambrialron 8s.l017 JAJ
ChesAD Canlst5s.'16 JAJ
116
110
138
111
100
07
118
5
35
June 38
Jan. 10
1* Jan. 9
137* Jan. 4
118 Jan. 10
15o
May 19
1 4* Feb.
6
330
Apr. 3
80* Apr. 8
770 Feb. 16
22* Feb. 9
63* June 18
01
Mar. 81
133 Feb. 3»
57* Feb. 3
04* May 18
18 Jan. 18
103* Mar. 39
140 Jan. 7
24* Apr. 4
6* Jan. 3
180* Jan. 11
30 Jan. 3
60 Mar. 37
48* Apr. 36
68 Mar. 18
Balls
116
116
113
Mar.
36* Jane
Atl City 1st 5sg..'10
A Imp 6S.1901M&S 104* 104*
No BaltDlv 5s. 1942 J AD 118
Ya
13*
00
Asphalt Co 0s
79*
Income 4s 1040.... JAD
YirgMld 1st 61.1906 MAS 113
LRookAFBlst7s.'05JAv 1104
785
870
96
898
5
Mar. 81
.
• * « •
101
May 80
Jan.
Bonds— Philadelphia
Vy B ext 7s 1 1 AAO 188*
Bit
Conv'rtible5sl906MAN
Central Ry 6s... 1918 JAJ
Consol 5s.... 1933 MAN
Bit A Imp 5S.1933MA8
Chas City Rylst 5s '83J AJ
Chas Ry G A Bl 5s '99 M AS
CharlCAA ext5s.l910JAJ
CltyASub lst5s.l023JAD
CltyA8ub( Wash) lst5s'48
ColAGrnvlst5-6.1917JAJ
Consol Gas 6s. .1010 JAD
1030 JAD
5s
Ga AAlalstpf5sl045AAO
GaCar ANlstSs g. 1 020 J AJ
GeorglaPlst5-6s 1022JAJ
GaSoAFlalst5s.l045JAJ
Greater Seaboard otfs....
May 11
Jan. 18
3
Jan.
a
30
80*
Alle
.
•
3
07* Apr.
WestVaCAPlst6g.'llJAJ 113* 114
Wtl A Weld 5s. 1035 JAJ 110 130
i
5S.100OMAN
BaltCPaslst5s.l011MAN 110
Bait Fundg Ss.1016 MAN
Exchange 3*s.l03OJAJ
Mar.
June 36
8
9
3
BONDS
Anaooetla
Bait Belt 1st
4
Apr. 4
Mar. 81
Mar. 30
Baltimore—Conolu'd.
West N C oon 6s. 1014 JAJ ne*
{
Bonds— Baltimore.
5s 100
A Pot
Atl A Ch 1st 78.1007 JAJ 116*
AtlG-Llghtlst5sl017JAD
Atl Coast L ctf s 5s .JAD
2*
3100
{100
IowaDlv 4s. 1919 AAO 3103
ChloagoJuno5s.l915JAJ {110 111
Ch A No
gu 5s. '31 MAN { 06
07
Chi A
M gen 5s.'31 JAD {102* 103
Con. of Verm't 4s.'13 JAJ
86
88
Curr't Rlv 1st 5s.*27 AAO i 00* 03
D G R A 1st 4s.'46 AAO { 07
07*
Domln Coal lst6s.'13MA8 111
Bast'n 1st M 6s g.'OO MAS 114*
Fr BlkAM Y 1st 6s '38 end {135*
Unst'p'd 1st 6s.'33 AAO {185
IUln Steel oonv Ss.'lO JAJ { 00
100
Debenture 5s. 1913 AA<' { 00
00*
K C CA 8 1st 5s g.'25 AAO { 00* 03
K C Ft SAG 1st 7s.'08 JAD {115
K C F BAMcon 6a.*88MAN
111
K C M A B 1st 4s.. '34 MAS { 08
Income 0s
65
67
1st oon ino 8s g non-oum
8d oon Ino 3a non-oom.
3
1-.
14* June 86
25
5C
rights
....<
78
8
33
13
Aug. 13
497
50
. .
1007
4*s
Deb
140
"
8 Mining
85
U 8 P HorseCol. ( Phil)4 1
Utah Mining.. (Bost) -8.'
Warwick I A 8. (Phil) 1C
Welsbaoh Com! " 10C
"
PrefH
10C
June
1,335
5
Rutland 1st 6s.. '03 MAN {108
Torrington 1st 5s 1018..
West Bnd St 5s. .'03 MAN {103
3
.'.'.'.'
Jan.
30
70
3,631
Bid.
6s
3*
5(
81*
*
35
AAO H10
* 43* NYANBnglst7s.'05JAJ {118*
lstmort6s.. ..1005 JAJ H09*
41*
67*
•
4s 1043
(Boston)
60* Apr.
35
Jan.
185 107
137 140
1,668
13*
430 351
980 43
58 600
50
Ask
BONDS
Boston— Conoluded.
NewBng congen5s'45JAJ i
3* N H CotYarn 5s 1030FAA 1103* 104
60
B Gas A Cist 5s.. 1037 I 64
l* N
New Bng Tele 6s.'00 AAO {100
3*
3*
35
35
85
Penn BleoVeh. (Phil) 60
"
Pref
00
Pennsyl Salt... "
50
Pennsyl SteelH. "
....
"
PrefT
100
Quincy Mining. (Boit) 35
Rhode Is) Min.. (Boat) 85
Santa Tsabel G "
5
LB AStLlstSs
. .
Ask.
18*
. .
W
A Mfg.
t
Bid.
MISCBLL.— Concluded.
NewBngGsAC 1(Bost)
New Hav I A 8. (Phil) 5
NoAmGDredg(Bost) 10
Old Col Mining. "
Osceola Mining. "
Palmetto Co.... (Phil)
ParrottSllACop(Bost)
197
....100
(Phila.)...
Feb. 14
16
19
Jan. 39
Apr. 4
70* Feb.
14* Mar.
40*
10*
87* May
365 01* May 80 94* Mar.
34
. .
1318
a* Mar II A Ont 6s.. .'25
u* Mex Cent 4s a.. 1011AAO
JAJ
190
9
1*
.
Welsbaoh Light f
46
63* 83
a8-t 11-18
44* Jan.
70* June
35* May
550 15* Jan.
3*
a*
8TOCKS -BONDS
Gen
'"a"
"
"
63*
805
West Bind Street
Miscellaneous Stocks.
Amalgamated Copperl
(Boston). ...10C
T.
29
1.10P
"
.... 50
(Boston).... 5(
Amer. Agricul. Chemical
18
130* Aug. 80
20* Apr. 87
3,30
(Bait.) .... 50
2* Philadelphia Bled 3* paid (Phila.)...
"
118* 112* 113* 113* 112* United Gas Improvement t..
...
(Boston)...
18
18* 18* United States Oil
18*
18*
2*
{
Cambria Iron.. (Phil) 60
(Bait) 100
Canton Co
Osnten Mining. (Bost) 36
Franklin Min'g. (Bost) 85
10C
Oensral Blect.. "
10C
"
Prsf
18* 18*
36*
24
80
"
Dlam State Bt
Domln Coal pf .(Bost)10(
disonHI 111... •• 10(
Hleo Co of Ami. (Phil) 6(
'123* 125
11* ATASFgeng4s.'95AAO
130
5C
Lehigh Coal A Navigation. (Phila.) .... 50
•0
"
«* Marsden Col
....100
07* 07* New Bng. Cotton Tarn, pref.(Boston).,,.100
"
133* 123* New England Telephone. ...
.... 100
"
.... 35
18* 18* Old Dominion Copper 1
{
I
4
H*
United Ry A Bleo. Oo
Preferred
34* 34*
•53*
Coal "
50
Winona Mlnlng(Bost) 85
Wolverine Min. "
85
• • • • I
50
...(Boston).... 100
"
....100
paid. (Phila.).... 50
Preferred
Jan.
Apr. 8
Feb. 6
Apr. 19
Jan. 4
00
485 8 1-16 June30 10 0-18 Apr. 6
6.92C 34 0-1 6 Jan. 10 83* Apr. 5
•llttl
13 Jan. 10 17*Apr. S
5(
....
....
....
4
2
5
8
100
32 63*
85 77* Apr.
Jan. 13 800* May
Junes'; 7l3Apr. S
Jan.
3 100 Aug. 80
7 303
8,175
171
8
Westm rel
• • • s •
113
80
•06
51*
0* »*
97* 07*
3*
U
8*
• • S
16*
67*
12*
33* Un Shoe Maoh..(Bost) 85
"
5S*
85
Pref
I*
2'.
755
•63*
UnBiLAPowpf (Bait)
22*
57*
"
"
Onion Traction, fl 7*
53*
(Bost) 2E
Arcadian
35
Arnold Mining. "
"
36
Atlantic Min'g.
"
36
Baltic Mining..
(Phil) 60
Beth Steel
Boston BlecLt.(Bost)10C
Pref
Danv. Bessemer
18
,
1st preferred
2d preferred
Union Paoiflc
8
05* Mar.
63*
35* 35*
"
July
Jan.
Jan.
36',658
10*
98
Pennsylvania
Philadelphia Traotlon
Reading Company
.
817
16* 18*
57
57*
48* 42*
....10C
.(Boston).. ..10C
(Phila.).... 5C
"
.... 5C
Ap?. 18
48* June
70* June
i|c 00
"
Preferred
Old Colony
15
15
Jan. 32
10*
Aug. 83
42
27
35
45
't
May
May
1.065
•143
10*
....100
(Bait.) .... 50
(Phila.) ....10C
Mar. 12
Jan.
American Alkali
(Phila.).... 50
"
.... 50
* Preferred, S10 paid .......
130* American Sugar Refining 1 (Boston) .... 100
118
"
....100
Preferred*
145 Amer. Telephone A Tel. Co. t
"
....100
10* Asphalt Co of America...,. . (Phila.) 10 paid
317 Boston A Montana
(Boston).... 25
"
88* Butte & Boston
.... 10
755 Calumet A Hecla
"
.... 85
16* Cambria Steel, S4* paid. ...(Phila.).... 50
57* Consolidated Gas
(Bait.) ,...10C
4S* Dominion Coal
..(Boston). ...100
08
"
Brie Telephone.
....100
116
818
63
753
500
"
,.
18
July 17
254
150
240
202* Jan.
'38* Apr.
May
1* Aug
121* 118
117
143
Mexican Central
Northern Central
Northern Pacific
31* July
Mar.
Mar.
10
9?
1*
Highest
Jan.
Jan.
Apr.
Jan.
....100
,...10t
75*
1*
Lowest.
80 {3
86 338
05 t0O
341
188 187
1,105 110*
60) 131
8 133
46 90
345 30
873 110
159 23*
1,861 15
261 75
(Boston). ...100
(Phila.) .... 50
Massachusetts Eleot. Cos. T.(Boiton), ...100
'«
Preferred!
....100
Tidewater St... "
10
Torrington"A"(Bost) 2!
"
Pref
25
Un Cop L A M'g "
85
67*
160
58
MI8CBLLANBOUB.
Alloaei Mlnlng( Bost) 8t
38
76
of Sales in 1900.
Shares
Fltohburg, pref
Lehigh Valley
20
80
00
N.(Phll)
Rys Co General! " ...
Beaboard w. i. (Bait) ....
"
....
Pref w. 1
United N ... (Phil) 100
"
86
UnPowA Trans
United Tr of P. "
00
"
Pref
00
West Bnd pref.(Bost) 50
.1
80
139* •139
88
36
76
315
63
758
Week.
.
88
•35
75*
1*
of the
H Indicates unlisted.
Amerloan Railway! 1
(Phila.).... 50
Boston a Albany
(Boston). ...100
,
Boston Elevated, full paid..
"
....100
814 Boston * Lowell
"
844
....100
190 100 Boston A Maine
"
100
....100
,.
125
Chio. Burl. A Qulnoy
"
....100
125* 135
•130 140
Chic Juno. A Un. Stook Yds.
"
130
....100
135 ,..••• Preferred
"
....100
'39* 80 Chootaw Oklahoma A Gulf. (Phlia.> . ... 50
30
"
40* 40* 40* Preferred
.... 50
8uaquel ASH.. (Phil) 6
2*
Tamarack Min. (Bost) 35 818 880
TelepTelAC.(Phil)....
• • •
100
FtS AM..(Bost)100
Pref.
Phil Germ
<
• • s a t *
140
87* 88
35
...
sale
Bid. Ask.
INACTIVE
BAILRO ADS. —Prices Aug. 31.
Atl it Charlotte(Balt) 100
165"
Bos it Maine pf.(Bost) IOC 160
Boston* Pro v. " 100 308
"
14
100
14*
Central Mass...
63
"
100
Pref
165'
OoimAPassum " 100 163
Conn Rivpr.... " 100 270
25
OontolTrPittsl(Phll) 50
"
50
PrefT
«a South A Fla.(Balt) 100 'Vd'
to
"
98
100
1st pref
"
100
• • •
3d pref
50
Pass(Phll)
•
s • «
G'rmant'n
Hestonv
125
63* 63*
w» made.
•63
Bldtnd askedprlcet
0*
•48*
48
'148
04
•06
08
*97
••••••
'
57
41* 42
07
*••'•«
97*
133* 125
'133* 135
133*
•183* 126
18
17*
18
18
18* IS* 18
8* 2*
3*
2* 2*
8* 3>i
IT8 118
112*
118*113). 113 118
•18
10
18*
•18* 19
18
18*
•48*
815
63
*08
33* 33*
53* 53*
0* 0*
54*
0*
140
••••••
16* "16*
58*
41* 41*
••••••
41* 41*
96
315
64
750
311
315
68
750
311
63
750
83
348
04
118* 120* 118* 110* 119* 120* 120*
116 116* 116 116
116 116
116*
148* 143 143* 143 143* 143* 143* 143
10* 10* •10* 10* 10* 10* 10* 10* 10*
117
848
04
181* 133
•116
•143
848
ACTIVE STOCKS.
Railroad Stocks*
180*
95*
35* 25
21* 34* 84*
76*
76* •76
11* •U* 11*
87
88
88* 87*
•51
50* 50*
5lk
71*
•71* 7'* •71
904* 805 •303 805
64*
64* 64k 84
100 100
00* 100
8* BM 8 5-16
38* 13-16 88 11-18
14*
14 14* 14
00
50* 50* 50
•76
76*
76* 76*
38* 36fc 86* 86*
16* 16*
139*130* 139
25* 25* 25*
33* 33* 81
76
76
76*
I'* Hk •11*
•86* 87*
Aug. 31.
•33
38* 88*
1 1 i
Friday,
Wednesday Thursday,
Aug. 29. Aug. 30.
•
•••1
110
107
101*
83*
190*
108*
•
•••»
1*111
sttt*
197
199*
198
US*
ioe* 107
104*
194*
109
"87*
88
108
111
...»
tl*«
117
114
tfl-50
•Pries includes ovsrdns eospo
•
HI
ttl
...
..
September
THE CHRONICLE.
1, 1900.]
433
%wzstmmt awtf fgtailrxrail %n\z\Xx%mtz.
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from whioh regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
oolumns the earnings for the period from January 1 to and including snch latest week or month.
The returns of the street railways are brought together separately on a subsequent page.
Latest Gross Earnings.
ROADS.
Week or Mo
Jan. I
to
Ourreni
Previous
Current
Previous
Tear.
Tear.
Tear.
Tear.
9
$
Latest Gross Earnings.
Latest Date.
Roads.
Week or Mo Ourreni
Tear
Jan. 1
to
Latest DaU.
Previous
Current
Previous
Tear.
Tear.
Tear.
8
8
•
17,242
86,672
65,216
3d wk Aug
40,813 1,2£ 0,040 1,052,358
Ala. Gt. South..
Istwk Aug
11,845
375,493
339,049
Ala. Midland...
3dwk Aug
497,500 17,265,209 15,523,836
Ala.N.O.ATex.
July
4,492
6,951
47,784
26,000 1,117,217
27,000
948,059
35,306
N.O.AN.E...
July
10,727
9,974
74,921
427,476
11,000
11,000
407,012
52,255
Ala. AVicksb.
363,514
8,000
9,000
372,568 t Mexican Cent. 3d wk Aug 276,580 263,692 11,132,303 9,546,449
Vloks.Sh.&P.
409,042 393,908 3,081,068 2,669,700
298.335 306,732 1.935,087 1,750,896 Mexioanlnter'l. July
Allegheny Val.. July
27,824
29,848 1,054,827
987,413 {Mex. National 3d wk Aug 133,030 123,337 5,094,693 4,388,531
3d wk Aug
Ann Arbor
66,586
260,427
4.577
56,240
28,548
19,0o9 Mex. Northern. May
4,832
855,059
An.Was.ABaL. May
WkAug.ll
82,200 2,855,000 2,799,400
7,398
48,925
88,900
7,485
60,938 {Mexioan By
Ark. Midland... June
2d wk Aug
15,036
540,386
3.697.051 3,242,426 26,400,931 22,668,294 Mexican So...
13,883
484,848
Atoh.T.AS.Fe. July
68,521
48,013
164,190 171,470 1,192,295 1,053,445 Mid land Term'l June.
Atlanta & Char. June
54,698
50,084 1,725,799 1,649 08O
38,821
236,951
214,134 Minne'p.ASt.L. 3d wk Aug
34,286
Atl. Knox.ANo July
340,563
80,529
82,964 2,979,582 2,550,698
47,085
45,499
297,675 M.St.P.AS.StM 3d wk Aug
Atlanta* W. P.. June
247,144 7,187,224 6,654,878
15,106
10,209
122,479
54,737 Mo. Kan. A Tex. 3d wk Aug 258,588
At.Vald'staAW July
607,000 533,000 17,929,032 16,235,087
12,830
62,779
53.094 Mo.Pao.AIr'nM 3d wk Aug
11,004
Austin AN' west May
28,00*
32.000
818,518
11,719
10,407
65,027
58,503
719,283
Central Br'oh. 3d wk Aug
Bait. A Lehigh. June
3d wk Aug 639,000 561,000 18,747,550 16,954,370
Total
Bait. A Ohio..
3,542,931 3,300,835 24,825,371 20,374,395
July
2,292
1,679
83,421
45,930
Mob.Jao.AK.O. Wk Aug.25
B.AO. Sou'w.
618,169
110,543
486.821 Mobile A Ohio.. July
e483,200 C48O.7O0 e3,374,194 e 2,756,971
86,797
Bang'rAAro's'k June
10,830
115,381
102,088
813,084
1,630
10,907 MontAMex G'f July
1,659
738,460
BathAHam'nds June
26,686
16,094 Nash.Ch.A8tL. July
547,759 484,807 3,780,669 3,368.087
2,318
2,055
Bellefonte Cen. July
16,970
341.249
310.546 Nevada Central June
4,205
1,918
65,273
59,390
10,709
Brunsw'kAWst June.......
108,000
4,580,047 4,435.407 30,611,829 28,154,275
.92,529 3,528,403 2,342.747 N.Y.C.AH.R.. July
Bnff.R'oh.APltt 3d wk Aug
110,020
107,991 3,051,375 2,935,611
44 070
837,752
407,782 N.Y.OntAW.. 3d wk Aug
55,290
Buffalo A 8usq July
185,765 221,970
94,438
99,302 2,859,997 2,828,377 N.Y.Susq.AW. July
Bur.C.Rap.AN. 3d wk Aug
Canadian Pao.. 3d wk Aug 587,000 550,000 18,361,968 16,709,987 Norfolk A West. 3d wk Aug 291,088 232,137 9,1€0,020 7,571,670
104,495
598,515 614,115 4,398,409 3,762,309
97,149 3,763,325 3,324,716 North'n Central July
Cent, of Georgia 3d wk Aug
312,036
339,851 North'n Paoiflo. 3d wk Aug d630,574 577,756 dl8304t>72 15,815,463
55.774
64,508
Central N. E.... June
3d wk Aug
35,290
31,895
861,898
1,309,234 1,312,338 8,698,825 8,083,798 Ohio River
677.185
Central of N. J. July
46,799
402,954
49,911
1,420,707 1,412,911 6,736,941 6,380,909 Ohio Southern. June
346,224
Central Paolrta. May
395,222 Oreg.Sh.Line... June
49,452
407,306
794,186 711,182 4,158,620 3.604,864
64,394
Charlest'n&Sav June
1.933
64,467
48,133 Pao. Coast Co... April
366,348 407,334 1,462,306 1,493,519
Chattan'gaSo.. 3d wk Aug
1,553
June
296,113 1,942,820 1,815,303
289,834 246,177 8,574,581 7,540,826 Paoiflo Mall
298,279
Ches. A Ohio.... 3d wk Aug
751,596 543,705
6,790,095 6.081,695 47,611,406 39,230,606
Chlo. A Alton.. July
Pennsylvania} July
3.907,297 3,850,278 25,931,040 23,927,509 Pere Marquette 3d wk Aug
150.235 4,966,822 4,430,562
168,671
Chlo. Bar. AQ.. July
524,544
110,199 118,528 3,195,194 2,922,479 Peo. Deo. A Ev. 4thwkJuly
23,161
25,610
Chlo. A East. 111. 3d wk Aug
464,332
126,871
Chlo. Gt. West'n 3d wk Aug
559,585 512,845 2,634,508 2,171,141
132,630 4,158.545 3.732,572 Phila. A Erie... June
74,582
Chlo.Ind.AL... 3d wk Aug
941,778
897,478 6,380,889 5,892,489
83,132 2,556,778 2,282,873 Phil. Wilm.AB. July
Chlo.Mll.ASt.P. 3d wk Aug
836,471
1,466 385 1,502,171 10,849,899 9,618,431
761,130 24,801,881 23,617,459 Pltts.C.C.AStL July
Chlc.AN'thw'n. July
3,581,564 3,692,275 23,647,612 22,191,650 Pitts.Bes.AL.E. 3d wk Aug
47,544
46,500 1,389,792 1.009,128
Ohlo.Peo.A8tL July
18.258
18,813
Pitt. Ch.AY'ny. June
90,174
685,407
798,248
103,658
8t.L.C.ASt.P.
29,003
4,809
4,088
22,854
Pitts.Lisb.AWn June
2.001.490 1,772,530 10,994,732 9,602,053 Pitts. Sha.ANo. April
Ohlo.R'kl.AP. June
179,692
43,873
Chlo.8t.P.M.AO July
733,425 875,196 5,235,147 5,471,062 Pltts.AWest'n.. 3d wk July
35,206
38,388 1,197,707 1,042,39*5
26,396
Ohlo.Ter.Tr.RR 3d wk Aug
790,768
20,002
21,104
698,046
817,527
25,123
544,396
Pitta. CI. ATol. 3d wk July
Choo.Ok.AGuli 3d wk Aug
62,256
10,662
266,591
10.110
26,485
223,389
Pitts. Pa. A F. 3d wk July
Oin.N.O.AT.P. 3d wk Aug
82,265
82,949 3,200.568 2,873,411
66,816
6S.997 2,536,776 2,123,869
Total system 3d wk Aug
Cln.Ports.AVlr July
35,423
207,993
167,711 Reading Co.—
28,540
Cl.C.Ch.A8t.L. 3d wk Aug 319,61b 303,469 10,438,381 9,101,319
Phil. A Read. May
2,329,242 1,899,702 10,699,751 8,989,929
Peo. A Eaet'n. 3d wk Aug
32,800
39,646 1.475,903 1,208,771
Coal A Ir. Oo. May
1,817,801 1,449,570 8,916,958 9,087,149
CI. Lor. & Wheel. 3d wk Aug
39,019
39,917 1,370,706 1,099,015
Totboth Co'8. May....... 4,147,043 3,349.272 19,616,709 18,077,078
Col. Midland.... July
174,177 147,811 1,281,259
931,831 Rlch.Fr'ksbAP. June
544,353
108,046 104,059
482,174
Colorado A So.. June
375,611 325,834 2,043,879 1,804,507 Rio Grande Jot. June
243,139
50,996
38,603
174,900
Col.New.&Lau. June
10,920
79,224 Rio Grande So.. 3d wk Aug
32.7,497
89,589
10,205
10,039
11,101
287,958
Col.Sand'yAH. 3d wk Aug
17,959
479,596 Rio Gr'de West. 3d wk Aug
74,900 2,894,252 2,172,843
704,875
91,700
19,072
Cornwall ALeb. June
26,816
752,856
107,832 8t. Joe. A Gr. I. ithwhJuly
42.609
20,103
153,887
35,755
740,305
OumbTd Valley June
98,881
S 5,551
410,823 St.L.Ken'etASo July
466,907
9,001
86,887
8,051
52,939
Denv.ARloGr.. 3d wk Aug 227,600 174,800 6,554,378 5,640,721 St.L.Van.AT.H. July
157,901 1,086,741
157,702
994,161
Denver ASo'w'n May
209,988
796,799 St. L. AS an Fran 3d wk Aug 182,720 160,357 5,080,752 4,525,983
183.516 1,049,494
Det.AMackinae June
88,920
360,564 StL. Southwest 3d wk Aug 113,867
477,177
105,791 3,481,038 3,352,021
66,573
DuluthS.S.AAtl 3d wk Aug
51,588
625,891
56,663 1,651,729 1,443,181 StPaulADul... May
137,939 154,461
637,279
E. St. L. A Car.. July
12,645
79,493 San.Ant AA.P. May
722.310
136,508
11,920
93^945
147,889
662,037
ElglnJol.AEast July
152,491
528,629
99,645
153,658 1,144,195 1,016,322 SanFran.AN.P. July
103626
513,997
July
3,215,008 3,302,533 21,154,226 19,749,126 S.FePres.APh. 2dwk Aug
19.049
627,808
17,010
552,862
Ev'ns.AInd'piis 3d wk Aug
7,086
219,130 8av.Fla. AWest. June
203,467
8,495
416,063 375,036 2,409,892 1,940,343
Evansv. A T. H. 3dwk Aug
32,273
856,942 Sher.8hrev.A8o 3d wk Aug
222,484
5.649
34.298
873,157
193,128
8,066
Find. Ft. W. AW. July
8,345
142,929
59,514 Sil.Bprs. O. AG. June
55,6.8
28,310
10,455
20,617
161,536
Fla.Cent.APen. 3dwk Mar.
50,157
556,476 So. O.A Ga.Ext. July
147,125
15,720
49,832
581,986
18,742
126,259
FfcW.ADen.C July
143,033 114,332
839,727 So. Haven A E.. June.
20,519
871,427
4,222
5,499
15,973
FtW.ARloGr.. 3d wk Aug
5,778
99,947
*S5,172 So. Miss. A Ark. July
273,307
10,516
6,758
18,391
65.614
Gads.AAtt.U.. July
1,411
5.383 So. Paoiflo Co. b. June
1,096
8,599
5,085,410 4,824,440 29,977.858 27,571.524
Georgia RR
3d wk Aug
27,105
970,698
Cent. Paoiflo.. May
25,890 1,031,536
1,420,707 1,412,911 6,736,941 6,380.909
Georgia A Ala. June
93.236
583,820
88,519
645,476
Gal.Har.A8.A May
513,016 560,168 2.550,491 2,350,257
Geo. So. AFla.. July
99,002
560,089
566,135
Louis'a. West. May
597.625
92,852
693,515
107,682 109,694
GllaVal.G.AN. June
37,303
May
216,126
34,466
192,807
Morgan'sLAT
552,843 570,536 2,742,727 2,815,317
Gr.Tr'nkSyst'm 3d wk Aug 489,295
102,669109,298
466,744 14,074,753 13,251,748
N.Y.T.AMex. May
22,329
20,524
Det.G.H.AM. 2dwk Aug
20,966
575,730
Tex. AN. Orl.. May
830,356
798,058
23,102
573,362
172,980 164,485
GreatNorth'nMay
So.Pao.ofCal.
1,390,265 1,270,487 7,041,849 5,903,129
8t P. M. A M.. July
1,723,399 1,819,263 12,242,461 10,714,868
So.P'o.ofAriz. May
302,565 301,697 1,632,874 1,454,50a
East of Minn July
366,256
861,478
274,245 2,026,449 1,379,986
May
824,501
So.PacofN.M
177,927
174,441
Montana Oem July
174,192 172,522 1 ,096,444 1,082.756 Southern Ry.... 3d wk Aug 606,536 579,513 19,592,903 17,405,5 OS
Tot. system. July
2,263,847 2,266,030 15,365,354 13,177,610 StonyCl.AC.Mt June
10,482
11,234
4,807
3,408
GlfB'mntAK.C May
113,223 TerreH.AInd.. July
22,571
25,675
109.473
902,751
807.98O
122,924
132,749
Hooking Valley 3d wk Aug 101,063
86,998 2,879,485 1,999,230 TerreH.APeor. July
269,033
228.357
47,702
38,597
HonB.ATex.Ceri May
.
234,320 231,710 1,339,161 1,268,497 Texas Central. 2d wk Aug
200,283
161.947
5,894
7,972
Illinois Central. July
2,528,975 2,381,790 18,759,978 16,096,725 Texas A Paoiflo. 3d wk Aug
133,836 5,033,200 4,70 1 036
139,211
Ind.Deo. AWest April
174,734 Tex.S.V.A N.W. July......!
53,410
45,244
55,380
214,536
7.01S
35,668
8,800
Ind.ni. A Iowa. May
425,121 Tol.AOhioCent 3d wk Aug
99,535
86,102
496,906
39,295 1,584,809 1,182,870
46,242
I*.AGt.N'rth'n 3d wk Aug
64,895
71,433 2,175,065 2,226,138 Tol.P.AWest.. 3dwk Aug
22,805
681,364
600,780
20,921
llnteroo. (Mex.) Wk Aug.li
72,800
69,900 2,497,200 2,413,300 Tol.8tL.AK.C. 3d wk July
42,036
965,729 1,038.170
37.225
Iowa Central... 3d wk Aug
41,608
52,241 1,352,476 1,351,830 Union Pao. RB.. June
*
1,898,383 1,762,754 10,531,82f 9,296,184
Iron Bail way... July
33,004 Wabash
4,844
5,403
41,134
3d wk Aug 348,425 334 279 10,135,930 9,219,121
Kanaw'aAMlch 3d wk Aug
400,241 W.J'rseyA8ea'e July
16,407
12,519
515,550
465,581 412,781 1,866,733 1,637,035
K.O.F.So'ttAM. 3d wk Aug
107,614 110,357 3,506,379 2,990,056 W.V.Cen.APltt May
515,63i>
592,667
133,714 116,004
K.C.Mem. A Blr. 3d wk Aug
888,252 Western of Ala.. June
30,680
23,991 1,066,275
323,293
364,382
49,634
54,045
Kan. O.N. W.. July
177,509 WestN.Y. A Pa. 4thwkJuly 114,100 119,000 2,075,550 1.938.05S
31,553
27,348
213,439
Kan. City A Om. 4thwkMay
92,586 Wheel. A L. Erie 3d wk Aug
7,855
6,252
97,350
35,028
35,201 1,221,518 1,013,494
Lehigh A Hud.. July
449,22.->
283,325
88,751
40.618
278,267
528.831
Clev.C.ASo.. 3d wk Aug
16,763
19,048
Lehigh Val.RR July
2.030,106 2,339,894 14,152,370 2,716.164
TotaL
3d wk Aug
51,964 1,739,827 1.462.71&
54,076
Lsh. V.Coal Oo. July
1,704,216 1,576.910 10,220,481 9,534.010 WlsoonslnCent 3dwk Aug
103,050 108,221 3,356,378 3,301.803
Lex'gton&East June
72,8501
113.682 Wright8V.AT*n. July
35,135
22,477
170.417
90,967
10,734
11,373
LonglslandRR July
562,957 569,801 2,519,578 2.476,946 YazooAMiss. V. July
296,423 321,463 2,609,863 2,473,724
Long Is. System July
37,200
639,849 641,260 2,634,120 2,625,502 York Southern.. June
42,774
6,415
7,438
Adirondack
June
3d wk Aug
June
Pao. Juno
1 stwk Aug
Istwk Aug
Istwk Aug
14,927
42,977
76.894
13,355
40,771
79,629
89,666
1,255,210
481,948
91,197
1,167,233
400,507
Los Aug. Term.
Louis.Ev.AStL
Lou. H. A St L..
Louis. A Nash v.
Maoon ABirm..
Manistique
July...
19.505
42,063
12,372
483.145
Me
*
t
",
*
8
m jTme x "ra t0T th« railroad only,
^S?^?
uioiudes"J2.
Chesapeake
i
Mexican ourrenoy.
§
"emits on Montgomery Division are inolude*in 1900, but not for 1899
St. Paul A Duluth from July 1, 1900.
a Includes
Covers result* of linee directly operated east of Pittsburg.
A Ohio So'western, Ohio Valley and Chioago and Texas for both years.
A Northwestern, the San Antonio A Aransas Pass or Houston A Texas Central system.
i! e8, not include the Austin
..
.....
Latest Wross Earnings by Weeks.—The latest weekly earnings in the foregoing are separately summed up as follows:
For the third week of August our statement covers 63
roads and these show 6'98 per cent increase in the aggregate over the same week last year.
Increase.
1899.
1900.
3d week of August.
9
Alabama Gt. Southern
42,977
27,824
.
Ann Arbor
Buffalo Roob. A F1tt»b'
Burl. Ced. Rap. A North
Canadian Pacific .......
Central of Georgia.
108/0
94,438
587,00<
Chattanooga Southern
Ohesapeake & Ohio
Chicago A East. Illinois
Cue. Great Western...
A
Ohio. Ind'plls
Louisv.
Chicago Mllw. & St. Pan
Ohio. Term. Transfer
Choc. OMa AGulf...
&
Tex. Pacific
Cln. N. O.
0>t. Cln. Ohio. St. J.
&
A
101,49
1,933
289,83
110.1^
126,871
74,58
836, '71
26.396
62,25
Denver A Rio Grande
Duluth So. Shore A AtJ
Evansv. A Indianapolis
Evansv. A Terre Haut*
It. Worth A Rio Grande
227,6
51,588
7,086
32,27
5,7-8
'<
Georgia
27,1
Grand Trunk
&M
4*9,29
101/ 63
64,89
41.60P
16,407
107,614
30,680
42.0*3
Det. Gd. H.
Hooking Valley
A Gt. North'n
Iowa Central. ..... ..
Kanawha & Michigan
Kan. City Ft. S. A Mem.
Kan. City Mem. & Blrm
Interna
Lonlsv Evansv.
St.
<fc
Louisville & Nashville
Mexican Central.......
Mexican National. ....
483,145
2?6,5*<
133,03
54,698
Minneapolis & St. Loni
Minn. St. P. & S. Ste.
M
Mo Kansas & T*»xas...
Mo. Pacific A Iron Mt.
Centra] Branch
Mob. Jackson & K. City.
N. X. Ontario A Wesien
Norfolk A Western.....
Northern Pac-fio
Ohio River
Pere Marquette
Pltteb. Bess.
A
,
A Western....
Rio Grande Southern...
Rio Grande Western....
St. Louis A San Fran....
Bt. LodIb Southwestern
A So.
Southern Railway
.
.......
A Pacific
Toledo A Ohio Central..
Toledo Peoria A West'n
Wabash
Wheeling A Lake Erie.
Olevel'd Canton A So.
Texas
Wisconsin Central......
Total (63 roads)
Net Increase (6 98
9,233,991
n.
898
1,113
52,80i
"5,075
1,409
2,0 ib
980
1,215
23, 91
"6.689
40,813
447,500
263,692
123,337
50,084
1,250
1,749
107,9»1
232,137
577,756
31,89
606,5 6
139,211
46.242
20,921
348,425
35,0/8
19,048
103,050
6,846
22,551
2,5 la
182,72<
113,<?67
«,066
684
16.147
466,744
86,998
71,433
52,v4
12,519
110,357
8>.96l
i
75,341
1.273
35,77.
25,89.
247,144
5d3,00
28,000
V
8,329
5,759
8,550
39,9 ^
19,"7174.800
56,663
8,495
34, 9«,758
80,->2t'
110,020
29 ,088
630,57
90
3
168,671
47,544
66,816
11,101
91,700
3»0
43,657
39,«4'
258,58h
6 <7,OP0
32,000
1
L. Erie..
Sherman Shreve.
0.^
37,000
7,346
13^,630
83.132
761,13
2.% 123
14,065
6,
c
3*
10,633
3,888
"2,743
14,355
12,888
9,693
4,614
"2,435
li,444
74,000
4,000
764
2,029
58,951
52,818
3,395
18,436
1,014
15 f ',235
46,500
68,997
1",205
74.900
160,357
105,791
5,649
579,513
133.836
39.295
22,805
"""896
334,<:79
14,i46
35,2oi
16,763
108,221
"2,285
2,181
16,800
22,363
8,076
2,417
27,023
5,375
6,947
94,669
For the second week of August our final statement covers
68 roads, and shows 8*25 per cent increase in the aggregate
over the same week last year.
2d week
oj
August.
1899.
1900.
Increase.
S
Previously rep'd(60 r'ds)
Burl. Ced. Rap. A North.
Chattanooga Southern. .
8,961071
87.137
2.158
72,800
88,^-00
Santa Fe Pres. A Phoenix.
Sherman Shreve. A
Total (68 roads)
Netlnoreaee 8 2 5
So...
.
n. o.l..
13,«83
17,010
6,876
7,972
9,257,807
....
$
8,265.572
87,826
1.6 7
769,807
"""481
2,900
6,700
69 900
82,200
15,036
19,049
Decrease.
9
74.308
689
1,153
2,039
5.471
5,894
1,40-
2,078
8,552,625
783,371
705.182
•
78,189
Net Earnings Monthly to Latest Dates.—The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including al'
roads from which monthly returns can be obtained, is given
onoe a month in these columns, and the latest statement of
this kind will be found in the Chronicle of August 18, 1900.
The next will appear in the issue of September 22, 1900.
-Gross Earnings.
Current
Year.
Roads.
Prexnous
Year.
—
>
—
Net Earnings.
Current Previous
Tear.
Year.
9
—
Alabama Gt. So'th.aJuly
Roads.
Gross Earnings.
Current Previous
«
Year.
$
59 389
-,
Previous
Year.
Year.
9
9
65,273
27,965
42,615
341,249
810,515
117,874
89.621
701.110
631,211
237,423
172 046
475.686
268,673
197,666
77,149
Jan. 1 to July 31
3.209,7*9 2,065,161 1,441,054
731,742
Canadian Pacify .a. July 2.471,170 2,385,625
884,374
972,962
Jan. 1 to July 31
16,638.968 15,073,987 6,162.321 5,995.215
Cent, of GeorgiH a June
371,061
407,600
75,755
64.795
Jan. 1 to June '-*0
2,918.856 2,613 642
778,081
628,527
July 1 to June 30
6,086,264 5,767,346 1,879.868 1,800,634
Cent, of Georgia. a. July
523.084
428.702
153,573
124,104
Jan. 1 to July 31
3,441.940 3,042,344
931,654
752,631
Char. & Savannah, ts June
49,452
64,394 def.5.112
40,266
Jan. 1 to June 30 ...
407.306
39^.222
99.869
133.309
July 1 to June 30
676,550
669,301
120,146
146,973
Obeeap. A Ohio a.. July 1,198,633 1,051,155
485.605
350,869
Jan. 1 to July 31
7,732,407 6,802.295 2,381,298 2.106.144
Ohio. Burl. &Qti>n.r July 3907.297 3.850.278 1 317,454 1,359.733
Jan. lto July 31. .. .25,931,040 23.f27.509 8.458 658 8,339,825
Olio. M. &8t. P a. July 3,220.327 3.384,476 1,161.091 1,140.058
Jan. lto July 31... 22,518,670 21.364,760 6,456,8*4 6,983,613
Oln. N. O. & T. P. • .July
421,786
397,663
107,500
142.912
Jan. I to July 31 ... 2,940,753 2,618,142
723,913
858,259
Ol.Oio.ehic.&St.L.aJuly 1.362,646 1,254.798
356.249
340,500
Jan. 1 to July 31
9,492,787 8,190,912 2,603,740 2,150,144
Pftorta&East'T) a. July
170.870
165,823
41,475
43.629
Jan. lto July 31
1,369,218 1,089,»>33
458,348
269,508
Denv. &RioG'<^ b.July
952,553
708.453
839.074
275,923
Jan. 1 to July al
5,881,278 5,105,821 2,044.092 1.791,t»09
Brte.a....
July 3,215,008 3.302.533
940.914
914,570
Jan. 1 to July 31
.21,154,226 19,749.126 4,987,796 4,506,227
FlndlayFt.W.A w b June
105'5
7.701
241
def.166
Jan. 1 to June 3o
47,283
49,059
6.556 def.5,210
July 1 to June 30 ...
116.226
98 995
15.845
6,135
P"t.W. A Den.ClM .b July
143,033
114,332
36,830
18,244
Jan. 1 to July Si...
871.427
839,727
168.757
167,051
Georgia. a
July
122,434
116,979
23.073
21,254
Jan. 1 to July 31 ..
947,254
892,885
264.992
249,179
Hocking Vallev a.. July
386,874
315 783
154,845
124,494
Jan. 1 to July 31 .. 2.594,448 1,750,664 1,028,527
660,067
Lehigh Valley RK.aJuly 2,030,106 2,339.894
273.871
625,224
Jan. 1 to July 31. ...14;i52;370 12.716.164 1.878 941 2,120,829
Deo. lto July 31. ...16,239,764 14,613,627 2,286,b98 2.471,519
Lehigh V. Coal « ".ajuly 1.704.81
1,576,910 df.ll"\311 def.45,613
Jan. lto July -1.. 10,2*0,481 9,534,610 df.573.6>4 di.305,810
Deo. lto July 31.... 12,046,548 11,317.200 df.557,394 df.d88.115
Mex International. July
409,042
393,908
146,103
183,730
Jan. 1 to July 31.... 3,081,068 2,66»,700 1,229.842 1,169 038
Midland Term'l. .. June
68,521
48,013
28,732
19.346
Dec. 1 to June 30 ...
430.317
303,853
197,941
130,452
Minn. A St. Lonts.a. July
251,296
240,160
89,021
80,600
Jan. 1 to July 31.... 1,567,195 1,499,272
581,946
510,971
Srunswiok AWest.b June
Jan. 1 to June so
July 1 to June 30
Buff R.&Pittbs. b.July
x". Bus. A West.a.July
Sortbern Central. b.July
Jan lto July 31 ..
Ogdens. & L. Chxmpl.b—
N.
"5,1*71
<V
— — Net Earnings.—
Current
—
Year.
Apr. 1 to June 30....
Jan. lto June 30....
""'i'73
697,454
602,785
.
New London Northern-
1,884
8.631,206
[Vol. LXXI.
.
*4,864
99 302
303,469
9
15,471
SSO.Ot*
97, 49
1.5^3
246, 77
118,5V 8
319.6U
Decrease.
"2,024
9*529
26,48'
82,94V
39,oi
17,959
a
2,206
40,771
29.848
82,76f.
3 f,800
Eastern
Clev. Lorain A Wheel'g
Col. Sandusky A Hock'?
Pittsburg
6
.
THE CHRONfCLR
434
Peoria
—
>
.
149,685
157,066
35,321
52.079
1,139,968 1,053,568
Jan. 1 to July 31
29b,016
293,t)»8
7 6,894
79.629
14,302
Alabama Midl'nd bJiuio
30,070
481,948
400,507
86.314
Jan. 1 to June 30....
45,617
949,651
835,011
201,326
July 1 to June 30
136,676
'298,335
88.R18
306,732
Allegheny Valiev. b.July
121,303
566,541
Jan. 1 to July 31 .. 1,935,087 1,760,896
647,225
Atoh T.& B. Ft- t»*. July 8,697.051 3242,426 '1,322,471
1980,111
Jan. 1 to July 31. ...26,400,931 22,668.294 f 10690369 t7,497,648
2,318
2,055
621
Belief onteCemral.. July
147
26,686
16,094
8.479
Jan. 1 to July 31....
2,501
Apr. 1 to June 30....
Jan. lto June 30....
227,356
233.830
37,257
450.892
453,208
86,361
185,765
221,970
76,770
698,515
614,115
142,632
4,398,409 3,762,309 1,135,316
155,299
269,707
149.539
282,831
48,937
76,924
33,956
62,318
99,417
166,432
819,716
19.975
45,356
PennsylvaniaLines directly operated
East of Pitts * E.July 6,790,095 6,081695 2,214,431 1,831,131
Jan. lto July 31 ...47,611,406 39,230,606 14,457,881 10,314,481
Deo.
West of Pitts ft F.July
52,900
Deo.
277.200
Ino.3,665,800
Jan. lto July 31....
Inc.
512,300
Phil. Wllm. A B»lt.bJuly
941.778
897,478
304,931
302,034
Jan. 1 to July 31 ... 6,380,889 5,892.489 l,791.8tf4 1.693,894
Nov. 1 to July 31
8,292,151 7,557,651 2,441.793 2,193,293
aioh Fred. & Pot June
108,046
104,059
24,106
29
644,353
Jan. 1 to June 30....
482,174
224,247
176,773
993.252
July 1 to June 30
898,260
421,202
326,058
109,466
St Job. & Gd. I s>. a. July
132,078
41,«10
35,233
752,856
Jan. 1 to July 31 ...
740,305
153,577
155.622
st.lx»nis&8anP' b.July
712,433
561,945
294.632
193,798
4,541,225 4,082.231 1,782.818 1,544.826
Jan. 1 to July 3i
467,835
St.Louls So'west b.July
428,143
1161,122
U019U
Jan. 1 to July 31 ... 3,153.192 3,050,870
1979,445
1837.610
416,063
8av. Fla. & West b. Juno
375,096
175.000
205,237
Jan. 1 to June 30 .. 2.40J.892 1,940,343
739,644
506,002
July 1 to June 30.... 4,491,760 3,992,196 l,2t9,.06 1,022,677
20,617
811v.Sp.Ooala*« bJune
28,316
18,438
2,674
142.929
Jan. 1 to June 30 ...
161,536
74,384
100 935
30
...
281.001
300,939
July 1 to June
156,159
182,058
Southern RailWv.aJuly 2.530,351 2,279,165
659.529
643,105
Jan. 1 to July 31 . 17.829,0»7 15,723,231 4,614,927 4,519.075
211,251
Toledo <feO. Cei'.a.July
168.886
59391
57,934
Jan. 1 to July 31... 1,483,4^1 1,068,305
424,988
297,357
Troy & New E- gland6,442
6,586
Apr. 1 to June 30...
401
480
Ulster & Delaw urn127,261
108.045
Apr. 1 to June 30...,
22,875
30,318
216,272
180,014
Jan. 1 to June 30 ..
48,425
41,867
July 1.350.105 1,273,185
Wabash.b
350.708
304.084
Jan. 1 to July 31..., 9,141,437 8,268,037 2,361,800 2,301,753
465,581
412,781
168,462
177,962
W. Jersey&SeBf h.bjuly
461,994
439,494
Jan. 1 to July 31 .., 1,866,733 1,637,033
a Net earnings here given are after deduotlng taxes.
b Net earnings here given are before deduotlng taxes.
allowing for expenditures for betterments, net in
t After
1900, was $130,438, against $76,108 In 1899.
July,
* Figures for Julv, 1900 and 1899, Include operations of the San
Francisoo A San Joaq/iln Valley Ry.
and rentals amounted to $163,274, against
t For July, 190 ). taxes
$154,649, af'er deducting which net for July, 1900, was $1,159,197,
against $325,462.
.
..
September
H
..
THE CHRONICLE.
1, 1900.]
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing, also report oharges for interest, &c, with the surplus
above or deficit below those oharges.
r-Bal. of NctEam's.—
Int., rentali, etc.
>
,
Current
Previous
Tear.
Year.
9
9
Road*
Current
3,338
825,000
239,501
33,750
203,910
72,283
Clev.Cln.Ch.ASt.L.July
Peoria & Eastern July
A B. Grande ..July
July
Hookins: Valley
New Lor don Nor' hern—
Apr. 1 to June 30....
Den.
62,142
8,750
32,095
A
Toledo A Ohio Cen.. July
Gr. Isl'd.. July
Previoui
Year.
«
def.23
544
Bellefonte Central July
Jan. 1 to July 31....
Ohio. Burl.AQuinoj July
St. Job.
J
.
.
Year.
*
492,454
116,748
7,725
:165,653
*82,578
543,9! 5
107,149
7,379
tll9,849
61,424
61.215 *df.l9,8Z8 *df.l5,437
26.483
8,750
33,060
*27.313
33,722
24,212
After allowing for other Income received.
These fgures inolude other Income. After deducting $15,000 for
Renewal Fund and Bond Conversion In July. 1900, and the same
amount In July, 1899, the surplus is $150,653, against $101,849 a
year ago.
*
1
We
give below the gross
Northern Pacific.—
earnings, etc., of the Northern Pacific for July.
and net
-July
*1900.
Gross earnings
Operating extenses.....
Net earnings
Taxes, rentals, betterments, eto
Latest Gross Earnings.
Gross
Earnings.
$2,612,508
1,461,641
1899.
$2,350,163
1,194.037
$1,160,^67
330,449
$1,156,126
319,334
$820,418
57.431
$836,792
22,222
$877,849
16.870
$859 014
20,624
$894,719
$879,638
Cur'nt
Wee/cor Ho
Year.
.
Albany City $
Onlted Traot. (Pitta.)
Onited Traot. (Pro v.)
July
July
22.912 21,846
31,215 2 /,899
18,154 18,869
127.123 116 825
124.465
67,016
716.692
249>42 225,35*0 1,575,641 1,376,745
29,207 24,505
141.139 125,104
Inc. 24 046
Inc. 156. 925
123,699 116,055
757,459 721,085
172 834 161,475 1,083.209 945 4° 8
233,635 200,644 1,310,277 1,120,288
7.250
8,542 *8,473
37.519
36,317
May
July
July
July
July
July
July
July
Winnebago Traction. May
Worcester* Marl'b'h July
Miooel au's income, not includ'g land sales.
Net income—
Main system
Proprietary lines
*
To'al
Ihe operations of the 8t Paul
A Dulnth
157.855
67,176
810.739
* Figures from May 1 cover Soranton Railway, Soranton
Scran ton A Carbondale and Carbondale Railway,
t strike in Cleveland In 1899
A
Pittston,
Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings received
this week. In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads that is, we print each week all the returns received
that week, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found
In the Chronicle of August 18. 1900.
The next will appear
the issue of September 22, 1900.
f— Gross Earnings. » Net Earnings.—.
Current Previous
Current Previous
—
m
.
Year.
Net operating income
fan.\\ to Latest Date.
Prev'us Current Previous
Year
Year.
Year.
9
Southwest Mo. Elect.
Southern Ohio Tract.
Staten Island Eleo
Toronto Ry
Twin City Rap. Tran
Union (N. Bedford)..
United P. A Transp.
United Traotion— )
.
5,141
815,818
233,351
36,250
198,743
63,070
435
Year.
Lorain A Cleve. Ry July
Jan. 1 to July 31 ...
Riobmond Trac'n...July
Jan. 1 to July 31....
11,900
53,820
20,979
118,050
Year.
Year.
*
9
Roads.
—
9
7,826
28,085
10,086
42,514
7,597
28,868
11,435
57.247
11,468
51.407
19.151
96,923
ANNUAL REPORTS.
are included In 1900.
STREET RAILWAYS AND TRACTION COMPANIES.
Wabash Railroad.
The following table shows the gross earnings for the latest
(Report for the year ending June 30, 1900,
period of all street railways from whioh we are able to obThe pamphlet report for the year ending June 30, 1900, has
tain weekly or monthly returns. The arrangement of the
just been issued. The remarks of Mr. O. D. Ashley, the
roads
that
is,
that
for
the
steam
the
is
the
same
as
table
President, are given at length in this week's issue of the
first two columns of figures give the gross earnings for the
on pages 439 and 440; also extracts from the report
Chronicle
latest week or month, and the last two columns the earnings
and General Manager Ramsey. Statistics
President
of
Vice
for the calendar year from January 1 to and including suob
in the usual form for the Chronicle are as folcompiled
latest week or month.
lows:
STREET RAILWAYS AND TRACTION COMPANIES.
1899-00.
1898-99.
1896-97.
1897-98.
—
Latest Gross Earnings.
Gross
Amsterdam
St. Ry...
Atlanta Ry. A Power.
Ballston Terminal...
Blnghamton St. Ry..
Chloago A Mil. Elec.
Chicago Union Tract.
Oin. Newp. ACov....
City Elec. (Rome.Ga.)
Cleveland Eleotric.
Cleve. Palnsv. A E.
Col. 8p'gs Rap. Trans.
.
(O.) Ry....
Consol Trao. (Pitts.)
Dart. A Wport St. Ry
Denver City Tram..
Detroit Ctti'ns'St.Ry.
Detroit Eleo. Ry....
Detroit Ft. Wayne
.
April
4,465
June
44 929
May
July
July
July
July
July
July
July
June
July
July
July
July
3d wk Aug
3d wk Aug
A Belle Isle
3d wk
Total of all
*d wk
Det. Roch. Ro. A L.O. July
Duluth St. Ry
Easton Consol. Eleo.
Galveston City
Grand Rapids Ry....
Harrisburg Traction.
Herkimer MohawklllonAF'kfortEl.Ry.
Internat'l Traction—
(Buffalo)
July
June
May
June
July
June.
(Can.)
May..
Lorain St Railway..
Lorain A Cleve
Masa. Eleo. Co.'s
Metro. (Elev. ) Chioago
Metrop.St. Ry.fN.Y.)
Montreal Street Ry..
Muscatine St. Ry
July.
July..
July..
July.
June..
June..
Ry
May..
June..
July..
July..
April.
Northern OhloTraot. July..
Norwalk Tramway . June..
Ogdensburg St Ry.. July.
St.
New Castle Traction.
New London St. Ry..
New Orleans City
St. Ry
May..
Omaha A Coun. Bluff
Olean
&
Ry.
Bridge
Philadelphia Comp'y
Pottev'e Union Trao.
Richmond Traotion.
Sacramento Electrio
Gas
A Ry
Soranton Railway
4.295
44,396
18,7~0
242.179
Previous
Year.
$
17 404
213,2 18
2.906
'9i',878
19,875 19,081
102,395
71.5r5
18.378
26,140
6,553
630,89a 653*12 4.182,179 4.091,54*
72,704 68,704
434,962 394,296
3,447
22.6r
2,848
15,418
9.:o,34ti
645
U78
t95 857 1,143,164
16,605 14,531
74,853
65,154
20,102 14,t 18
80,530
60,811
88,614
551,290
254,97. 229.142
13.505 13,468
56,737
52.566
119,910 113,771
722,300 683,408
32,509 31,091
847.69
961,722
10,125
9,478
342,822 273,332
.
Road oper. Jane
Equipment —
30.
2,358
2,278
2,061
1,936
Locomotives
PaBseDgei equip....
Freight equipment.
437
345
405
338
13,582
412
325
401
323
12,361
12,447
13,169
—
Operations
Passen. oarried, No.
4.277,735
3,751,019
3,517,682
3.149,170
Pass, carried 1 mile233,84 8,065 210,592 939 180,359,167 135.963,860
1-897 cts.
1-957 cts.
2-087 cts.
Rate p. pass, p m.. 1-913 cts.
Fr'Kht (tons) carr.f
6.9P7.641
*1,666,830
0-552 cts.
*l,365.fc93
$
$
$
661 ots.
$
4,474,652
1,349,998
3,995,102
9,212,692
1,186.180
3,528,746
8,524,733
1,154,383
2,837,974
7,604.770
1,084,044
16,440,990
14,393,974
13,207,862
11,526,788
1,896,131
3,605 625
1.334 758
4,814,253
266,649
1,686,363
3,129.737
1,662,987
2,502,652
870,311
4,029,308
239.629
1,542,064
2,086,840
6*4,330
3,434,318
231,605
9,304,779
3,903.083
70-45
7.979,157
3,547,631
69-22
8,080.220
Kr'glit(tons)oar.lm.t *l,902,88l
Rate per ton per m..
learnings—
Passenger
Freight
0-557
cts.
10,616,^0
Mail, express, etc..
Total
Expenses—
Maintenance of way
Motive power
Maintenance ef cars
Transportation
Gonetal
Aug 4,640 4,707 146.064 128.979
Aug 47,274 45,279 1,450,608 1,250,010 NetTotal
earnings
8,291
26,^13
23,830
18,545
48,885
35,938
2i",80l
24,766
44241
34,551
158,173
llM.152
85,142
238,270
195,805
123,299
11,947,416
4,493,574
P.c.op.exp.to earns.
72-67
*
207,689
174,786
t
4,177
3,404
25,944
Revenue
14.315
16,973
9,285
5,814
11892
4.621
7,845
8.350
1 .800
12 36*
14,590
9,440
4,913
11,046
4.740
5,352
9,336
66.802
102 8 2
37,86s
3t>,446
61.666
23 131
54.953
82,5 29
37,705
26,748
59,445
22,445
54,198
57,248
51.407
53 820
626.000 588,000 2,901,682 2,605,426
114.374
921,033
1837686 1198811 7,108,431 6,5'20'686
168,244 156,858
795,598
839,067
5.334
4,874
36,383
9,828
8,997
4d".808
20,859 21,681
77,135
82,978
5*0,977
10,493
32,041
8,734
109 404 108.123 439.451 434 929
42,992 36,649 231,835 200,136
26,582
8,080
28.886
7,8-4
11,800
11696
2,719
2,998
17,138
4,318
18,626
3,680
11468
June..
July..
July.
July..
19,871 17,685
124,870 131 671 1,565,333 1,078,462
70,643
17,005 15,505
79,653
96,923
20,9? 9 19,151
118,050
July
July
25,966
210,54 9
177,551
*59.U6 *53.779
296.245
269.
30,387
H9
10,411.474
3,982. c 00
72-33
ots.
5.954,760
l49,9t9
*1
freight only.
INCOME ACCOUNT.
20,954
213,823 202,770 1,221,312 1,118,067
891527
4,440.788
263,059
6,382,831
0624
Three oiphers (0001 omitted,
Invt'e, rentals,
Ac.
Total
Deduct
—
Tax<-s
4,493,574
339,522
3.982.500
249,811
3,903.083
292,065
3,547,631
195,347
4.833,096
4,232,311
4,195,148
3,742,978
567.327
499,486
527,756
71,865
529,970
417,163
72,958
332 185
567,163
770,276
55,441
Total
Applicable to int't.
Interest on bonds..
Rent of leased lines
1,697,190
3,135,906
2,589.471
126,325
1,392,880
2,839,431
2,542,285
149,210
Balance
Div. on pref debent.
.
Result
1896-97.
$
Tr'k A b'dge rentals
Additions
misc..
&
1897-98.
1898-99.
$
$
Net earnings
Interstate Consol. of
North Attleboro.. . May..
Johnstown Pass. Ry. July..
Kingston City Ry
July..
Lebanon Val. St. Ry.. July..
Lehigh Traction
July.,
Lima Railway (Ohio) 'une..
Newburg
Latest Date.
1889-00.
June.
London St. Ry.
1 to
Prev'us Current
Week orMo Cur'nt
Year.
Year.
Year.
Earnings.
Columbus
Jan.
797,6" 8
1,099,107
3,096,041
2,545 335)
149,210 J
$
1,020,097
2,722,881
, Mll;i =
*,m*.w
420,110 sur.147,936 sur.401,496
210,110
sur.28,336
sur.210,000 snr.147,936 sur.401,496
sur 28,336
BALANCE SHEET JUNE
30.
1897.
1900.
1898.
1899.
5$
Asw/it—
*R
^£
Road, equipm't, Ac 134,944,500 135,033,500 133,433,500 133,433,500
Construction aoot..
64.664
483,157
Supplies <Sc mater"ls.
598.247
891,219
709,518
474,575
Cash on hand
408,403
962,737
747.987
699,907
Stocks and bonds..
784,632
875,915
822,093
203,926
Purou'g Committee.
68,572
616,478
1.097,176
Accounts collectible
869,582
1.108,527
258,310
*592,014
Advances A mlsoell.
*911,531
*727,cS63
940,070
517,190
Deb. profit and loss.
*ft
Total
..139,335,980 139,333,156 137,499,734 137,109,923
.
THE CHRONICLE.
436
1900.
1899.
1898.
1897.
$
$
$
$
Liabilities—
Common stock
Vouch. & pay-rolls
& due Ind. & RRs.
Taxes accrued
Hospital account.
Notes payable
1,988.350
397,494
3,490
649,451
105,000
377.842
.
t
Dlv. on deb. bonds.
Credit profit & loss.
.
TuHni
2,006,598
351,927
3,314
880.472
355,807
2,962
977,822
222,481
* Includes In 189900 $839,432, in 1898-99 $803.0)0, and in 189798 $479,434, carried in suspense account for new equipment,
June 30, 1900— V. 71, p. 85.
t Inoludes equipment notes, $639,432
Chicago Great Western Railway.
(Report for the year ending June 30, 1900. J
The remarks of President Stickney, from the annual
re-
Mall, express, etc
Total earnings
Operating Expenses—
Mainteuanceoi way...
Maintenance of equip.
^
Conducting transpt'n.
Agencies & advert'ing.
General expenses
Taxes
Total
Net earnings
Deduct —
Rentals (inol. equipni't)
1897-8.
$
$
$
1,359,908
5,128,659
1.075,846
4,102,517
207,681
938,592
3,549,011
232.470
1,175,019
4,475,406
217,314
6,721,037
5,867,739
5,386,044
4,680,859
817,538
618,312
2,481,085
704,683
556,426
676,026
466,997
2,137,781
653,564
600.246
2,000.914
1,788,394
192,076
331,212
204,000
191,956
352,664
204,000
192,592
330,057
173,000
179,557
316,613
153,000
4,694,223
2,026,814
4,147,515
1,720,224
3.950,373
1,435,671
3.580,587
1,100,272
463,930
70,579
201,676
9,574
450,177
141,158
157.962
448,613
141.157
111,062
431,207
141,158
69,594
745,759
1,281,055
758,170
962,054
Interest priority loan..
Interest, other loans. ..
Miscellaneous
Total
Balance
Deduct—
div.
18967.
$
18S8-9.
_
.
„
Total
568.650
193,256
700,832
734,839
396,524
364,541
62,355,786 61,732,390 59,086,690
—
Ry
2,823,150 2,823,150
Equlp.leasewar'ts.C.SC.P.&K.C.Ry. 1,309.623 1,425.201 1,213,309
16,673,600 13,470,500 9,935,200
Deb. stock int., payable in cash
2,220,000
Deb.stock, in t.pay able in deb. stock
7,432
143,853
59,518
Scrip redeemable in deb. stock
11,303,900 11,361,60011,160,000
Five per cent pref erred stock A
Four per cent preferred stock B.... 7,468,090 7.489.190 7,444,190
21,308,145 21,238,045 21,200,145
Common stock
3,937,121 3,534,657 2,710,686
Loans
Due on stock Chic. Un Transfer Ry
40,000
O.
-
Accounts payable
243,194
(net)
347,874
Miscellaneous
280,490
are published on pages 445 to 452. The comparative tables
below, compiled for the Chronicle, show the results of
operations of the company for four years:
OPERATIONS, EARNINGS AND EXPENSES.
Iiooomotives
Passenger cars
Freight cars
Road
service cars.
1899-00.
6,431
1898-99.
5,959
1897-98.
5,232
1896-97.
4,827
797
714
764
682
686
593
640
525
27,368
23,912
21,162
576
139
446
89
19,118
367
304
9
6
.
Tugs, b'rges&stmrs.
Operations
Passengers carried.
II
—
6,691,958
5,118,011
4,636,254
4,057.327
Pass, carr'd 1 mile..329,394,119 311,020,836 243.420,784 203.763,405
2-349
2-244
2-321
mile
ots.
ots.
2-372 ots,
ots.
Rate p. pass. p.
Fr'ght (tons) oar'd.t 13,590,353 10,220,200
9,646,226
7,904,706
Freight (tons) car'2.294,257 *1,771,925 *1,587,694 •1,324.015
ried 1 milet
0-897 ots.
916 ots.
0922 ots. 0-936 otB.
Rate per ton p. mile
Earnings—
$
Freight
Passenger
Mall
Express
Miscellaneous..
Total....
•
••«»••
1898-93.
1897-99.
1896-37.
$
$
5,846,344
152,910
133,923
7,997,331
209,920
118,550
6,593.975
149,481
198,897
9,638,229
8,325,801
6,942,351
6,133,177
rentals
6,207,253
6,755,442
*24,028
Miscellaneous
15,533
Dividends on pref.. (3>l,800,000(2)1.172,90i
6,862,768
72,571
(1)543.900
5,612/234
75,022
(1)543,000
6,479,239
6,230,256
463,112
—97,077
Miscellan's income.
Total
Deduct —
Fixed charges and
Total
Balance, surplus...
8,570,977
1,117,252
7,404,185
921,616
GENERAL BALANCE SHEET JUNE
30.
1899.
1898.
1900.
1897.
Assets
$
$
$
$
Cost of road
278,340,407 273,350,974 263,580.832 254,133.245
Cost of equipment.. 15,758,017 13,597,128 12,275,338 11,467,454
Securities pledg'd or
held for control... 21,921,371 21,496,277 16,068,201 14,712.973
Securities owned... '3,457,305
3,056,962
1,998,061
1,382,598
Mater'ls & supplies.
2,202,221
1,193,873
1,078.539
957,950
Bills reo., deferred..
136.235
179,191
173,311
412,495
Insur. pd., not aoo'd
8,609
3,516
18,521
19.S93
Insurance fund
Sinking fund
Cash
in
160,185
109,707
U.S. Gov.
3,978,392
555,107
340.618
con. lines
5<»2,501
indiv.&co's
1,035,610
55,846
108,639
in transit
"
"
130,515
104,272
52,689
3,388,676
507,456
332,948
556,017
1,043,508
66,530
2,566,496
2,410,848
436,589
292,322
542,779
291,833
210,972
hands and
etc.
Sundry accounts
396 598
321,014
718,732
532,859
62,079
328,750,820 318,903,571 299,894,853 287,324,643
1900.
Liabilities—
1899.
1898.
1897.
$
$
$
$
120,000,000 120,000,000 120,000,000 120,000.000
63.000,000 60,000.000 57,290.400 54300,000
104,970,200 103,932,300 101,236,000 80,6(30,500
Common stock
Preferred stock
Funded debt
Outstand'g securit's
of leaseh'd estates 25,952,200
Equipment notes...
Equip, oblig So. Ry.
Ctfs. of indebt'ness.
K.C.G.&L.Ry.purch
No.E.RR.ofGa.pur,
Reserve funds
Taxes acc'd.notdue
Interest and rental
acorued, not due..
Interest and rental
due and unpaid.
For'gn fr'ght claims
Audited vouchers. .
Reserv. for div'nds.
Pay rolls, June
Due oonnect'g lines.
Due indlv'ls & co.'s.
Miscellaneous acc'ts
Profit
and
loss
133,890
1,675,996
2,916,667
21,508 000
239,992
2,950,000
12,850.000
202,818
25,711,000
279,770
1,000,000
472,356
207,000
1,361,676
350,085
1,530.872
287,822
620,376
249,896
306.818
240,098
586,460
597,465
524,430
508,117
1,909,067
35,667
2,048.393
900.000
1,114,111
1,909.532
30,113
1,252.971
600,000
857.993
398,217
292,237
149,495
2,366,564
1,829,790
1,654,727
39 1 ,563
631,010
56,231
3,510,702
1,077,278
830,947
728.551
422.970
230 197
177,196
1,454,951
672,011
326,470
103,634
115.369
1,139,831
Total liabilities. 328,750,820 318,903,571 299,894,853 287,324,643
*
Includes $1,276 000 Southern Ry. consols, in treasury.
71, p. 286, 183.
-V.
Hocking Yalley Railway.
Southern Railway.
{Report for the year ending June 30, 1900.)
The report in full of Mr. Samuel Spencer, President, and
extracts from the report of the General Manager, together
with the Balance Sheet, Income Account and other tables,
Equipment —
of miles
in 1838-99, 5,254; In
62,355,786 61,732,390 59,086,690
Total
—V. 71, p. 236,179.
Miles oper. June 30..
1,316,201
9,363.423
276,418
42,383
.
& K.
13,233,156
5.846,344
69-35
$
INCOME ACCOUNT.
Total assets
396,524
364,541
1,137,270
952,898
143,785
9,156
333,315
90,772
GENERAL BALANCE SHEET, CAPITAL ACCOUNTS, JDNE 30.
1900.
1899.
1898.
Assets—
$
$
$
2,799,019 2,632,577 2,484,567
Cost of rolling stock owned
2.401,873
2,309.133
1,870.191
in
car
trusts...
Oostof rolling stooK
Cost of road, including terminals.. .5 3,467,015 54,^78,094 52,966,732
1,179,218
77,100
4% debenture stock In treasury
207,160
205,939
92,742
Other treasury stocks
56.694
56,694
54.828
Interest in Chic. Union Transfer Ry.
85.000
15,000
Int.in Kan.City & St. Jos. elevators.
255,754
680.132
685,272
Stocks & bonds of other companies..
84,491
274,376
574,767
Cash, accounts & bills reoeiv'e (net)
280,491
Miscellaneous
a Liabilities
14,501,864
6,593,975
68-74
17,356,355
7,997,331
68 45
operated for the year: In 1899-00, 6,303;
1897-98, 5,251; 1896-97,4,806.
644,959
455.313
Total
Surplus for year
Priority loan C. St. P.
6,745,999
2,920.190
2,250,766
1896-97.
* (000's) omitted.
Not including company's freight.
following
The
the
averages
operations are reported on
U
Dlv. on pref. stock A..(5%)568,620(4%)454,896
'•tTotal
7,263,724
3,031,171
2,751,824
1,455,145
6998
P.O. of exp. to earns.
Due from ag'ts,
8,873
498,002
8,296,428
3,^9 7,261
3,792,304
814,531;
855,829'
21 831,447
9,369,423
Net earnings
Bills rec'vble, curr't
on deb. stock..
$
Conduot'g transp'n. 10,476,930
Way and structures. 4,665,231
Maint. of equipment 4,635,351
General
1,007,143
Taxes
1,047,791
Net earnings
Inc. from investm'ts
EARNINGS, EXPENSES AND CHARGES.
Passengers
Freight
1897-98.
$
1899-00.
port, giving much valuable information regarding the property, and tne principal tables of operations, etc.,. are given on
pages 441 to 444.
1899-00.
1898-99.
$
t
*
Earnings —
1899-00.
1,474,535
2,016.165
^39,660
3.460
845,302
139,335,980 139,333,156 137,499.734 137,109,923
Total
[Vol. LXXI.
Expenses—
28,000.000 23,000,000 28,000 000 28,000,000
Prefened stock.... 24,000,000 24,000,000 24,000,000 24,000,000
83,045,000 83,073.000 81,534,000 81.534,000
Bonds
764,797
761,146
795,363
769.353
Int. due & accrued.
4%
J
..
.
$
$
$
21,006.730 16,099,293 13,679,164 12,386.902
7,737,454
7.083,253
5.394,518
4,832,848
1,327.807
1,261,422
1,209,294
1,110,063
638,514
605,469
445,033
428,560
490.364
404,249
867.830
321,127
31,200,870
25,353,686
21,096,839
19,079,6C0
(Statement for the year ending June 30, 1900.
The results for the late Hssal year compire as follows with
those for the vear 1898 99
:
Gross earnings
Operating expenses and taxes
1899-00.
$4,348,830
2,593,861
1898-99.
$2,874,035
1,959,520
Net earnings from operation
Other Income
$1,754,949
221,579
$914,515
24,223
$1,976,528
807,980
$9 38,738"
$1,168,548
$789,563
Total available income
Fixed charges
Net Income
149,175
—V. 71, p. 341, 236.
Republic Iron
&
Steel Co.
("Report for the 14 months ending
June
30, 1900.
J
annual report will be found on pages 453 and 454.
It will be noticed that the company has deducted from the
profits ($5,684,101) for the period covered $893,014 for improvements, renewals and depreciation, $1,097,358 for depreciation in raw and finished material on hand and $50,0 X) for
The
first
possible loss in the collecting of outstanding accounts.
Together these deductions aggregate $2,040,872, leaviDg the
net profits $3,643,729, from which has been declared 7 per
cent on the preferred stock, or $1,421,679. The net surplus
remaining after payment of the preferred dividend i*
$2,223,050.—V. 70 p. 1099,
—
—
September
—
THE CHRONICLE.
1, 1900.]
GENERAL INVESTMENT NEWS.
An
association has agreed to furnish the committee a sum
sufficient to pay:
(a) The matured bonds of the Houston City Street Railway Co $137,-
of
RAILROADS. INCLUDING STREET ROADS.
Boston Elevated RR.— West End Bonds Sold.—The West
,
&
payable Feb. 1 and Aug. 1), and are due Aug.
other bids received by the company ranged
104-577.-V. 71, p. 235, 83.
from
In return such association
is
to receive the stock
and
se-
new company remaining after carrying out
the requirements of this plan. The depositary is the laternational Trust Co., Boston. The time for the deposit of the
curities of the
The
1, 1915.
money
000; (b) all existing liens whioh are paramount to the mortgage to International Trust Co., and whioh include all aoorued legal liabilities
for street paving; (c) an amount of cash sufficient to make such improvements and repairs as are immediately necessary, estimated at
between $75,000 and $100,000; (d) all expenses of foreclosure and
reorganization.
Street Railway 4 per cent 15-year bonds, amounting to
Co. at
$2 112,000 have been awarded to Kidder, Peabody
104-69 and are now offered to the public. The bonds are in
denominations of $1,000 each, are payable principal and interest in lawful money, are dated Aug. 1, 1900 (with interest
End
437
104-31 to
income bonds has been extended to
Central of Georgia Railway.— Interest on Incomes.— The
directors on Wednesday declared a dividend of 8J^ per cent
on the $4,000,000 first preferred income bonds, contrasting
with 2 per cent paid both in 1898 and 1899.— V. 70 p. 1194.
Sept.
25.—V.
66,
p.
950.
Los Angeles Terminal Ry.— Proposed New Line to Salt
Lake City. The report is confirmed that Senator W. A.
Clark of Montana and his brother have acquired a majority
of this company's $3,000,000 capital stock through purchase
of its treasury holdings, with a view to the use of the property as a terminus for a new line to be constructed from Salt
Lake City via San Bernardino to the Pacifi? coast, a total
—
Chicago Burlington & (Juincy RR.— New Line.— The new
branch, about 150 miles in length, extending from Alliance,
Neb., to Brush, Col. (88 miles east of Denver), it is expected
will be opened for traffic on or about Sept. 10. The line, it is
stated, traverses a rich farming country and will make possible a direct route between Denver and the rich mining
Alliance is the eastern terminus
district of the Black Hills.
iron mining country.—V.
Guernsey
the
extension
to
the
of
distance of about 7 13 miles. It is proposed to organize a new
company to carry out the plan.
T. E. Gibbons, Vice-President and General Manager of the
" It is roughly estimated that it
Terminal Company, says
will require the proceeds of $20,000,000 in bonds, a3 well as
the stock, to construct and properly equip the line with
necessary branches in Southern California and at other
points. This at 4 par cent would put the property under
fixed interest charges of only $800,000 per annum." Others
interested in the enterprise are R. C. Kerens, S. A. Bemis
and John T. Davis, of St. Louis.— V. 71, p. 390.
:
71, p. 390, 181.
Chicago Indiana & Eastern Ry.—Mortgage.— The company
made a mortgage to the New York Security & Trust Co.
has
as trustee to secure $1,000,000 of 5 per cent 40-year gold
bonds. The proceeds of the new loan, it is said, will be used
in building the extension of the road from Matthews southeast to Richmond, 51 miles. Construction is in progress.
Chicago Indianapolis & Louisville Ry.—Dividend.—The
company has declared a semi-annual dividend of 2 per cent
on Incomes.—The New
Co. will pay on Sept 1
x
per cent for the year on the $3,900,000 income bonds. In
Z /o
September, 1899, 3 per cent, and in September, 1898, 2 per
Mohawk & Malone
York Central
on the $5,000,000 of 4 per cent non- cumulative preferred
stock, payable Oct. 15. In March, 1899, 1 per cent was distributed, being the only other dividend to date.— V. 71, p. 181.
cent,
Easton (Pa.) Consolidated Electric Co.— Instalment.—
Notices, it is said, will shortly be mailed calling for the payment of the $2 50 per share which has been authorized by
the bDard, the first instalment of $1 25 to be payable Oct. 1
and the second of $1 25 Dec. 10. The proceeds ($75,000) will
be used to pay for a 6-mile extension of the electric road to
Nazareth, Pa., and of one mile in Phillipsburg. These payments will make the $1,500,000 stock 25 per cent paid.—V.
was
paid.
&
Ry.
Interest
Hudson River RR.
—V. 69, p. 385.
RR.— Default— Protective Measures.
principal of the $350,000 bonds, which matured on
March 1, 1900, and which was extended by the consent of the
bondholders for six months, will not, we are informed, ba
paid; neither will the interest due Sept. 1 be met. The bondholders are therefore requested to communicate with F. J.
Co., 30 Broad Street, with a view to protecting
Lisman
their interests. See advertisement on another page.— V. 71,
Moore Co. & Western
—The
&
70, p. 1249.
236.
Cristo Ry.— Reorganization.—The reor- p.
John
D.
T.
Gates,
consisting
of
Fred.
committee,
ganization
New Orleans & Western RR.—Sale.— The foreclosure
Rockefeller Jr., George Wei wood Murray, Colgate Hoyt and sale will take .piace at Port Chalmette, La., on Oct. 6. The
Gardner Colby, gives notice that a meeting of the certificate upset price is $1,000,000. From this amount must be paid
holders, under the agreement dated April 24, 1899, will be $400,000 receivers' certificates and about $125,000 on open
held at Room No. 1409, 26 Broadway, New York, on S9pt. 5, accounts, etc., any balance remaining to be distributed pro
1900, at 11 a.m., to consider a plan of reorganization which rata among the $2,000,000 first mortgage bonds.
These last
will then be submitted. Edward V. Cary, 26 Broadway, New carry $333,125 of interest accrued. It is thought in New Or"York, is Secretary of the committee.— V. 70, p. 791.
leans that the Kansas City Southern Ry. Co. may appear as
Grand Rapids Grand Haven & Muskegon (Electric) Ry.— a bidder, in order to obtain terminals at New Orleans. See
New Enterprise.— This company was recently incorporated in modification of reorganization agreement in V. 71, p. 288, 236.
Michigan to build an electric railway 45 miles in length conNew York Central & Hudson River RR. Weehawken Ternecting the three cities named in its title. The President, J.
D. Hawks, of Detroit, who is also President of the Detroit & minals.— Elaborate plans have been prepared for the imMackinac Ry., writes us as follows
"While the money has provement of the West Shore terminal at Weehawken. The
been raised, the amount of securities has not been decided. total expenditure, it is said, will be between $3,000,000 and
There will be no bonds in the market until after the road is $4,000,000, but this outlay will be distributed over a considWe are busy now securing private right of erable period. The work includes the enlargement of the
in operation.
way and doing our figuring on power-house losation, ma- Weehawken yards, the concentration there of terminal busichinery, cars, etc. We have no orders placed for cars, but ness now handled at several other points, and the building of
The intention is that when these immachinery will all be Westinghouse, Church, Kerr & Co. additional piers.
provements
are
completed
a portion of the freight traffic
Westinghouse electric machinery." The Vice-President is
Thos. F. Carroll; Treasurer, Wallace Franklin; Secretary, now carried on the east bank of the Hudson shall be sent
over the West Shore tracks.—V. 71, p. 236.
Jos. Kerwin.
Everett
& Monte
:
Havana Electric Street Railway.— Bonds Authorized.—
Northern Ry. of Costa Rica.— Press reports say: "This comThe stockholders on Thursday voted to issue $1,000,000 pany has been organized under the laws of Costa Rica by interests identified with the United Fruit Co., to build a line
second mortgage 6 per cent ten-year bonds.—V. 71, p. 236.
Houston Electric Street Ry. Reorganization.— Eliot from the coast inland, a distance of 69 miles, largely through
Wads worth and Owen D. Young, the reorganization com- the plantations of the United Fruit Co. The capital stock is
mittee,
announce the following deposits under plan:
Issued.
Deposited.
Houston City Street Ry. Co. 7% bonds
$94,000
$137,000
Houston Electric Street Railway Co 5% consols. 74 0,000
695,000
do
do
55,000
ooupon sorip. 81,400
do
do
485,000
income bonds 775,000
The plan provides that a new company shall be organized under the laws of Texas to own the franchises and railway properties of the present company, the capitalization to
be as follows:
Common stock to be authorized and issued
$1,000,000
Preferred stock 6 per cent cumulative, preferred as to assets
as well as in dividends. To be authorized and issued
75,000
Mortgage 5 per cent 25-year gold bonds, to be subject to
1
oall as a whole at lO? ^ and accrued interest on and after
ten years from their date, Aug. 1, 1900; present Issue
to be
.....?....
Also Issuable at the rate of $1,000 of bonds for each
1,250 expended iu permanent improvements and adfitions to the property mortgaged, other than additional traok
Additional amount issuable at the rate of $io,b66 for each
additional mile of new single traok built
The terms
of
_
Each $1,000 principal,
Pays
cask.
St. Ry. 7s ($137,000)
El. St. Ry. 5s ($740,000)
'
*
"
500.000
Not fixed
exchange of old for new securities follows:
City
'
750,000
" coup. & scrip (181,400)
" Incomes ($775,000)....
.
And icill
Oash.
receive
......
$100
$600
600
100
structed."
In response to our request for confirma'ion of the foregoing, Treasurer Charles A. Hubbard, of the United Fruit
Co., writes
''The proposition as to the Northern Railway of
:
Costa Rica has not been sufficiently advanced at this time to
enable me to f Ornish you with definite information concerning its financial affairs. If tne project is carried out as now
contemplated I shall be pleased later to answer your inquiries concerning the property."
Rutland
RR.—Proposed Purchase of Controlled Companies.
it is stated, will ba made to the next Vermont
Legislature for an amendment to the charter permitting the
company to buy the BenniLgton
Rutland, the RutlandCanadian, the Rutland
Noyan and the Ogdensbarg & Lake
Cham plain railroad companies, and the Rutland Transit Co.,
and for this purpose to increase the capital stock. V. 71,
—Application,
&
&
—
p. 82.
v
Bonds, Stock.
$1,000
$1,600,000, and an issue of $1,600,000 of 5 per cent bonds, it is
said, has been underwritten by a syndicate, composed chiefly
of Boston parties.
The road is about one-half con-
$400
400
50
RR—
New Line.— To day the
Louis & San Francisco
Louis Oklahoma & Southern Railway, known as the
Red River division of this system, will ba opened for business
from Sapulpa to Henrietta, I, T„ 45 miles.—V. 71, p. 233, 237.
St.
St.
— —
—
:
:
THE CHRONICLE.
438
Seattle (Wash.) Electric
Co.—Franchise.—The new fran
chise, it is reported, has been formally taken over. The
company is a combination of the leading street railway and
electric-lighting interests of Seattle, having acquired, besides
the 12 companies mentioned on page 85 of onr Stheet Rail
Supplement, the North Seattle Cable Ry. and the
James Street Cmsti notion Co. The Seattle Electric Co., it
is understood, will issue: $3.735 000 first mortgage bonds;
$1,250,000 preferred stock and $5,000,000 common stock. The
gross earnings of the consolidated system were as follows
$537,000
$874.000 1897
1899
487.000
747,000 1896
1898
way
1
|
the present rate of increase is contin
ued, the 1900 earnings will be over $1,000,000.— V. 70, p. 584.
It is
—
—
thought that
if
[Vol. LXXI,
proposed payments for tne Ogden Gas Co. The "Chicago
Economist," however, on Aug. 25, said
The deal whereby it was proposed to acquire the Ogden Gas Co. and
:
the Cosmopolitan Electric Co. in the interest of the People's
Company
has not fallen through Neither has It been consummated. There is
a strong probability, in fact almost a certainty, that the deal will
Anally be carried out substantially on the orielnal lines. In a general
way the facts are as foilowp; Certain individuals, acting In the
interest of the People's Gas Company, made an aereemenr, to buy control of the Ogden. At least two men prominently Identified with the
Ogden would have remained in the management. A cash sum, said to
have been $200,000, was paid over as earnest money. Lat«r an attemptwas made to secure an amendment of the Ogden franchise. This
attempt was blocked by Mayor Harrison. It did not affect the essential facts of the deal. But no further payments have been made.
The Ogden Company recoided a mortgage securing $6,OOi>.000 of
bonds. The bonds have not yet been issued and there has been no
change in the directors and officers of the Ogden and the Cosmopolitan
companies. However, among men with the best sources of information the belief is expressed that the deal will finally he oarried
through as originally intended. The Ogden Company is doing a little
work in the way of laying mains, but that is not at all significant.
It was asserted yesterday that the Municipal Gas Co., incorporatel laet week (page 392), is organized in the interest
of the Peoples' Company and for the purpose of fighting the
Ogden Gas Co. The last-named company, under its charter,
cannot charge in excess of 90 cents per 1,000 cubic feet for
gas. The Peoples' Company charges $1.— V. 71, p 239.
Texas & New Orleans RR.—New Bonds —The Texas Railroad Commission has authorized the ifsue of $4,435 2'
bonds, at $20.0<<0 per mile, upon the following: Extension
from Rockland to Cedar, 165 milep; old Texas Trunk, 50 58
miles; Louisiana Western Extension, 6'18 milep. Tne last
two issues are under the provisions of the consolidation act,
by which th« said roads are to retire outstanding indebtedSee also V. 71, p 183, and V. 70, p. 997.
ness.
Toledo St. Louis & Kansas City RR.—Second Instalment.
The second instalment of $5 per share on the preferred
Price," McCormick & Co.— Payment to Cred tors.— The
stock and $3 p*r share on the common stock must be paid creditors who filed their claims received on Monday a diviat the Central Tiust Co. by Sept. 5.— V. 71, p. 237.
dend of 50 p^r cent in cash at the Metropolitan Trust (Jo. Over
T«ledo St. Lonis & Western Ry.— Instalment.— See To 85 par cent of all claims against the firm have been filed with
the trustees.—V. 71, p. 393, 290,
ledo St. Louis & Kansas City RR. above.— V. 71, p. 343, 237.
Rogers Locomotive & Machine Works Co.—This company, which employs about 1,500 men, early in the week
INDUSTRIAL. GAS AND MISCELLANEOUS.
announced its intention to go into liquidation, closing
down its locomotive works and also probably its iron works
Stock.
At
Increase
Purchase
Brass
American
Co.
of
The business was established at PaterWaterbury, Conn., on Tuesday the stockholders voted to in- on or about Dec. 1
son,
N.
J.,
in
by
John Clark of Paisley, Scotland, who
1800,
and
to
000,000,
capital
stock
from
to
$10
crease the
$6,000,000
apply $2,000,000 of the new stock to the purchase of the $400,- started an iron works on a part of the present site. The
Robert S.
000 capital stock of the Benedict & Burnham Manufacturing building of locomotives was begun in 1852.
Co. The remaining $2,000,000 of new capital stock, it is Hughes, the President, died three weeks ago.
In view of this announcement, a move has been started in
said, will remain in the treasury for future requirements.
Paterson
to purchase control and continue the business.
40.
V. 70, p.
Jacob Rogers, the principal owner, says
saying
is
quoted
as
American Malting Co.— A director
If the business men of Paterson wish to buy me out, and will make
"No dividend will be declared on the preferred stock out of the me any kind of a proposition, I will meet them more than half way. I
profits for the year ending Aug. 31, though these show a small per
am growing old. and have all the money I want. I have tried to do no
In
—
—
—
.
:
oentage on the preferred stock. We h <ve been • cleaning out '
preparation for a good business during the coming year, and I coneider the prospeots encouraging. There has been a substantial reduction in expenses all along the line."— V. 70, p. 478.
—The
Asphalt Co. of America.— Terms of Consolidation.
"Philadelphia News Bureau" says:
The details of the treatment of the Asphalt of America 5s
In the
consolidation with the National Asphalt Co. have now been determined upon. We can state the following as being official. The sinking fund will be Increased to $3 0,000 per annum. At present the
and not more
oompany Is obliged to retire not less than $25,0
than $100,000 bonds per annum. It will be provided that a year's interest must be set aside in any year before anything be paid on the
stock. Of course under the terms of the oonso idation the Asphalt 5s
are secured by the deposit of all of the company's paid-in capital
stock.— See V. 71, p. 344.
business for the last seven years, but so long as I hold the greater
part of the stock of the company I must look after the business more
or less. The works are turning out now about twenty locomotives a
month. There Is from $1,0(0 to $1,500 profit on each finished
machine. That is a good return. With improved machinery which is
needed, the output could be increased and profits lnoreased per
engine. I estimate that the cost of needed improvements and working capital would be $;- 00,000, or, perhaps to be safe, say $400,000.
I would make easy terms.
Tne works at present have no railroad connection, and it is
necessary to haul the locomotives taken through the
streets by horses.
,
—
Rubber Goods Manufacturing Co.— Dividends. The company has declared a dividend (No. 2) of 1 per cent on the
common stock, payable Oct. 16 to stockholders of record Oct.
Consolidated Gas Co. of New York. Dividend —The com- 6; also a quarterly dividend (No. 6) of \% per cent on the
pany has declared a quarterly dividend of 2 per cent, thus preferred stock, payable Sept. 15 on stock of record Sept. 8.
restoring the rate to 8 per cent per annum. The dividend is The first dividend on the common stock, also 1 per cent, was
payable Sept. 15 books close Sept. 5 and reopen Sept. 17. paid July 16 last.— V. 71, p. 393, 239.
Director Samuel Sloan is quoted as saying: "It is a quarSharon Steel Co.— Increase of Stock. The stockholders
terly dividend, and puts the company back on its old basis will vote Oct. 11 on a proposition to increase the capital
before the strike; and that is not all, for we have a handsome stock from $1,000,000 to $5,500,000.
A new plant for the
surplus besides
I have been a director in the company for a manufacture of pig iron, steel, tin plate, rods, wire and wire
great many years, and I have never known a time when the nails is under construction.— V. 71, p. 140.
outlook was so promising."—V. 71, p. 344, 184.
Superior Water, Light & Power Co. Reorganization.—
Electro-Pneumatic Transit Co. Reorganization.— It is Bondholders who have not signed the agreement of reorganireported that reorganization matters are progressing satis- zation will expedite the matter by sending their address to
factorily, and that it is proposed to exchange the $1,500,000 Walston H. Brown, 42 Wall St., New York City, or to
old stock, $ for $, for new stock, and in addition to give to Victor M. Watkins, St. Paul, Minn.
the shareholders for the assessment of 20 cents (per $10 share)
The plan, which it is hoped to carry through without
paid in 1898 5 per cent debt certificates also $ for $. The as- foreclosure and the appointment of a receiver, provides for
sessment aergrega^ed $30,000 and the issue of debt certific-ites, the issuance of the following newsecuri.ies:
it is said, will be for the same amount. No preferred stock it
First mortgage 4 per cent bonds
$1,400,000
is stated will be issued.— V. 70, p. 897.
Of which, in exchange for like amount of outstanding
1,200,000
6 per oent bonds
International Paper Co.— Officers.— The directors elected
?00,0
To be used in payment of the debts of the company
at the annual m-eting of stockholders at Corinth, New York, Incomekper cent bonds
350,000
Of which in payment of coupons for three years up to
Aug. 22. 1900, were: Darius Ogden Mills, Alonzo N. Burand including May 1, 1901, on $1,200,000 outstandbank, Thomas S. Coolidge, Warren Curtis. F. B. Jennings
216,000
ing 6 per cent bonds
has been elected a director to fill the vacancy caused by the
To holders of 6 per cent bonds, $70 per bond as comdeath of H. G Burleigh. Officers:
84,000
pensation for reduotion in rate of interest
50,000
To be used in payment of the debts of the oompany...
President, Hugh J. ChUholm; 1st Vice-President, A. N. Burbank
2d Vice-Preoident, Win. B. Dillon; Treasurer, A. N. Burbank; Secre
By the plan for each $1,000 6 per cent bond, its holder will
tary, E. W. Hyde. V. 71, p. 2b6.
receive $1,000 4 per cent first mortgage bond and $250 4 per
Kansas City (Mo.) Gas Co. New President.— Hug h Mc- cent income bond. All new bonds will be dated and bear inQowan, formerly ot Kansas City, has been elected President terest from May 1, 1901.
of the company to succeed the late Milton J. Payne. Mr.
On Aug. 28 the holders of more than 90 per cent of the
McGowan is a stockholder in the company, and is also Presi- outstanding bonds had signed the reorganization agreement.
dent of the Indianapolis Street Railway Co. E. L. Bondreth The United States Mortgage & Trust Co. is the dep sitary
of Philadelphia has been elected a director in place of Colonel under the plan. The committee consists of the following:
Payne.— V. 71, p. 82.
Frank B. Kellogg. Kenneth Clark, Henry P. Upham, Victor M. WatR Dunn, of St. Paul; Walston H. Brown, 42 Wall St.,
Ogden Gas Co. of Chicago.— Receipts.— The company, it is kins and Robert-See
also V. 71, p. 393.
York City
stated, reports its receipts from sales of gas for the year end- New
Co. of Dubuque.— Incorporated.—This
Electric
Union
an
increase
1900,
as
of
$275,664,
ing June 30,
$22,113 over the
in Iowa to effect the conincorporated
been
has
previous year. Of the late year's receipts $2,442 came from company
Authorized
capital s 'ock, $1,000,000.
noted.
already
solidation
the city for 75-cent gas.
A.
Status of Pur chase.— See People's Gas Light & Coke Co. Incorporators: E. D. Stout, W. S. Molo. Q. W. Kiesel, E.
LineD.
D.
Myers,
B.
Lacy,
B.
E.
Brown,
W.
J.
Engler,
W.
below.—V. 70, p. 1294.
nan, all of Dubuque.— See V. 71, p. 313.
People's Gas Co. of Chicago.— Ogden Gas Co.— Reports
are conflicting as to whether there has been delay in the
E^*For other Inrestnient News «ee Page 454.
—
;
—
:
September
THE CHRONICLE.
1, 1900.]
jeptftts
439
and ^otummts.
THE WABASH RAILROAD COMPANY.
ELEVENTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE
The results of the traffic on the entire system, as stated
by the Auditor, for the year ending June 30, 1900, were as
follows
Grose Earnings
Miscellaneous Receipts
:
$16,440,990 29
269,613 85
$16,710,604 14
Total Receipts
$11,947,417 43
Deduct Operating Expenses
*
567,327 22
Deduot Taxes
Deduot Balance Joint Traok Rentals
7 67,746 67
and Miscellaneous E x penses
Deduot Additions to Property and Other
292,207 70 13,574,699 02
Charges
Net Earnings applicable to Interest
Interest on
Bonds
$3,135,905 12
2,715,806 11
1900.
30,
strates the value of the more powerful engines recently
added to our motive power.
The financial condition of the Company is substantially
the same as at the close of the last fiscal year, except so far
as the engagements for new rolling stock have added, or
will add to the obligations of that character.
There is no
floating debt, as represented by borrowed money. The 3,500
box and coal cars recently ordered and now being delivered
are not included in the Auditor's statement, and do not
appear in the accounts of the last fiscal year.
Payment for
these cars in monthly instalments will extend through the
ensuing six years, unless otherwise provided for.
The officers and employes of the Company have zealously
contributed to the successful operations of the year, and in
all departments they are entitled to this recognition of
loyal and faithful services.
For the Directors,
8urplus
Dividends on Debenture
"A " Bonds
$210,099 01
Net Surplus
The very
full report
$420,099 01
210,000 00
of Vice-President
Ramsey and
tion, the Wabash Company has not only held its own, but
is fairly gaining in its efforts to solve the transportation
problem.
A fact bearing
upon the economical handling of freight
impressive by a comparison of the average loads
per car and per train. The table shows that from 11-08 tons
per car in 1889 the average increased to 16-07 tons per car
in 1900, while the average train loads increased from 179-40
tons in 1889 to 291-02 tons in 1900. This forcibly illustrates
the advantages gained by discarding the small freight cars
formerly in use for those of larger capacity, and also demon-
made
New York,
ASHLEY,
President.
August,
1900.
the
tables of the Auditor, both herewith submitted, will enable
the bondholders and stockholders of the Company to analyze
the operations of the year, and to form a correct idea of the
policy which has governed the management, and which is
still influential in the affairs of the Company.
This policy demands the completion of plans for bringing
the physical condition of the Wabash Railroad System up
to the standard of first-class lines, and to provide rolling
stock adequate to meet the requirements of a constantly
increasing traffic. Inability to comply with these demands
will diminish the competing power of our lines in the ratio
of the deficiency. Hence the necessity of large expenditures to meet up-to-date conditions, not only in roadbed and track, but in equipment. Under these circumstances the Board of Directors has not hesitated to authorize
liberal outlays from earnings in order to enable the lines of
the Wabash to compete with other first-class systems. The
proposition, reduced to its most simple form, presented the
alternative of losing instead of gaining traffic, if the requirements of shippers could not be met. Considering it
vital, therefore, to the interests of the Company, the orders
for new box and coal cars have been largely increased, and
are now in the course of delivery. Reference to VicePresident Ramsey's report will develop the striking fact
that during the pressure of traffic in the past fiscal year a
daily shortage of 1,500 cars has been a common occurence.
At competing points the company which can supply these
cars will necessarily secure the traffic, and it has therefore
resolved itself into a simple question of providing for business which the constantly developing resources of the
country offer, and which belongs to our system. Failure to
do this would be inexcusable, unless circumstances rendered it impossible to furnish the means of payment.
This brief explanation of the policy of the Company seems
necessary in order to account for the liberal additions to
rolling stock, which must be paid for from earnings.
These payments extend through the ensuing six years, in
monthly instalments, and except so far as they have been
increased by the addition of the leased lines between Detroit
and Buffalo, are a legitimate charge to operating expenses
in the department of maintenance and repair.
Attention is directed to the interesting table of the Auditor (see pamphlet, p. 54), giving the mileage statistics of the
Company for twenty years. The comparison from 1889 to
1900 is made substantially upon the same system.
The
year 1900 shows for the first time since 1893 an increase in
the earnings per mile, while at the same time the rate per
ton per mile has decreased from 0-683 cents to 0*558 cents.
In other words, the road has earned more net per mile at
about 5^ mills per ton per mile in 1900 than in 1894 at about
6^ mills per ton per mile. The passenger statistics show a
similar improvement, and the net earnings per mile ($1,920 74) are the largest since 1889, the year of reorganization.
A oareful study of these tables will show that notwithstanding the discouraging features of railway traffic, incidental
to constantly declining rates and more aggressive competi-
is
O. D.
EXTRACTS FROM THE REPORT OF J. R AMSE V JR.,
VICE-PRESIDENT AND GENERAL MANAGER.
With the larse increase in gross earnings, $2,047,016 14,
there may be some feelings of disappointment in the comparatively small increase in net earnings, but a careful examination of the various statements and statistics, especially those showing the expenditures on account of the
various improvements and additions to the property, cars
and locomotives, will show that a large part of the increase
in expenses has been due to actual improvements and additions, and that the increase due to cost of securing, moving
and handling the increased traffic and legitimate maintenance of the property has been not out of proportion to the
increase in earnings.
The increase of $2,047,016 14 in earnings is divided as
follows:
Wabash, west of Detroit, Increase
..$1,586,236 42
Buffalo Division, Increase
The increase of
460,779 72
$1,535,943 61
in expenses
is
divided as
follows:
Wabash, west of Detroit, Increase..
$1,209,446 66
326,496 95
Buffalo Division, Increase
Leaving out the Buffalo Division for the years 1898-1899
and 1899-1900, the percentage of operating expenses to earnings on the Wabash proper was as folio wa:
Year ending Jane 30th, 1899,
Year ending Jane 30th, 1900,
71*21 percent
71-87 per cent
FREIGHT TRAFFIC.
The freight traffic statistics again show a large increase,
236,051,224 (14*16 percent) in "tons revenue freight carried
one mile," at an average rate of 0-5579 cents per mile, an
increase of 0-0052 cents (0*94 per cent), at a cost per ton
mile of 0-4250 cents, an increase of 0-0038 cents (00*9 per
cent), leaving a net profit of 0-1329 cents as compared with
0-1315 cents last year, an increase of 0-0014 cents.
The average revenue per freight train mile was $1*5005;
expense per mile, $1*1431, and net earnings, $0-3574, as
against $1*2973, $0*9887 and $0*3086 respectively last year.
The total freight train mileage was 7,075,158, a decrease of
26,166, or about 3*67 per cent.
The loaded cars per train increased 0*90 cars, the load per
car 1*24 tons, and the "revenue" train-load was 268*94 tons,
against 234*72 tons last year, an increase of 34*19 tons, or
14 6 per cent.
-
OPERATION AND MAINTENANCE.
Expenses of operation and maintenance increased as
follows
Buffalo
Wabash
Division.
Proper.
ft
Conducting Transportation... 104,266 40
Motive Power
91,71126
Maintenance of Way
104,259 74
Maintenance of Cars
22,093 83
General Expenses
4,165 72
Total
326,496 95
g|
Total.
jft
299,198 63
384,176 93
105,503 76
421,137 88
*575 54
403.465 03
475,888 19
209,768 50
443,231 71
3,590 18
1,209,446 66
1,535,943 61
"Decrease.
MOTIVE POWER DEPARTMENT.
The expenses of this department show an increase of
$475,888 19, of which $91,711 26 is due to the Buffalo Di-
-
:
THE CHRONICLE.
440
[Vol. LX1I,
During the past year we were, for months, " short on
by actual records, an average of 1,500 cars per day,
and while we paid other roads some $400,000 for use of
$99,200 08
their cars we lost unknown amounts in traffic by not having
112,349 19
cars when traffic was offered, or by not being able to con196,874 25
on the Wabash proper.
were
as follows:
The principal items of increase
vision, leaving $384,176 93 increase
Engineers and Firemen
Fuel for Locomotives
Repairs to Engines (lnoluding new engines)
Repairs, E.& M.S., W..W.& O. Stations
Tools and Machinery and new Tools
Incidentals (Buffalo Division Import Duties)
Wipers, Hostlers and Dispatchers
orders,"
any route shipper desired.
The value of the new equipment is already apparent in
the movement of new grain, and although some 800 new
cars are now in service, we are still short on orders.
It must not be assumed that the large expenditure for new
The total amount expended for repairs of engines (includ- cars and locomotives was all in excess of the requirements
ing $197,261 85 paid for new engines) was $996,769 58, equal of maintaining equipment. I estimate that from $450,000
to $2,323 00 per engine for 429 engines, the average number to $500,000 per annum would be required to make good the
on hand during the year. This is $398 (JO per engine in ex- depreciation of locomotives, cars, etc., so that our expenditures during the past year on this account have not been
cess of the average per engine last year.
the fiscal more than $300,000 above what our normal expenditures
We received, during the first five months offreight
and should be.
year, 8 eight-wheel passenger engines, 28 mogul
Des
the
to
allotted
were
of
these
Ten
engines.
switching
4
Car and Engine Trusts.
Moines Division and charged to the Construction Account
June
30tb,
1900, the car and engine trust notes outstandof that division.
ing were as follows
The
total oost of theEe
40 engines, not including
9,126
30,300
6,599
9.775
33
08
08
82
interest,
$402,887 99
Construction
Division
Moines
Des
to
charged
Engines
10
100,014 28
Account
wft8
$302,873 71
Balance, for which 60 monthly notes were given
On June 30th, 1900, there were 52 monthly notes outstanding, each $5,071 88
$263,737 76
Nearly 50 per cent of the engines on hand July
went through the shop
for general repairs,
1st, 1899,
and 72 per cent
repairs. These per cents are away above the average for such repairs, and show the "building up" of our
motive power that is going on.
for
heavy
CAR DEPARTMENT.
The expenses
of this
trol the cars via
department for the year were, as
last
Charles Oar Company, Contract June 28, 1998, 39
notes (last onedue September 24, 1903), each $4,696 18.. $183,151 02
Missouri Car & Foundry Company, Contract June 28,
1S98, 41 notes (last one due November 5, 1903), each
$4,696 18
193,543 38
Engines, St. Louis Trust Company, 52 notes (last one due
St.
November
Total
away above the normal —first, on account of the
charging out amount carried in suspense for new dining
;
1,623 28.
We
equipped with the Gold system of steam heat 168
passenger cars, all classes, making 272 now so equipped.
During the year we expended $24,483 59 for steam heating.
We equipped three passenger cars with Pintsch gas, at a
cost of $735, making a total of 115 cars now so equipped.
Automatic couplers were applied to 1,639 freight cars and
air-brakes were applied to 622 cars. This does not include
couplers and air-brakes for new equipment. All of our
freight equipment is now supplied with automatic couplers
and about 51 per cent supplied with air-brakes. In the application of automatic couplers and air-brakes we expended
about $73,000 during the year ending June 30th, 1900.
In March, 1900, contracts were entered into for 3,000
thirty ton box cars, 36 feet long in clear, and for 500 forty
ton coal cars, all to be delivered by September 1st, 1900.
They are now being received rapidly, and all will be on hand
by about the 1st of September, as per contract. They are all
built to modern standards, steel bolsters, air-brakes, automatic couplers, draft rigging and large dimensions. The
contracts provide for payment in 72 equal monthly notes,
interest at 5 per cent, with option of anticipating payments.
IS 04), each
amount
$5,07188
263,757 7g
trust notes outstanding
$639,452 16
In addition to the above we have an operative contract
with the American Car & Foundry Company for 500 box
500 coal and 200 furniture cars, on a mileage basis, running
to July, 1909, when the mileage payments will be complete
and the cars belong to the Wabash Company. On this account the monthly mileage payments are $7,194 76.
IMPROVEMENTS AND ADDITIONS TO THE PROPERTY,
year,
cars and coaches second, putting on of safety appliances,
couplers and air-brakes, steam heat, etc.; tbird, new freight
cars, and fourth, postal ana combination cars. The total
amount on account of these items was $741,557 15.
Gould vestibules were applied to 5 coaches, making 97
coaches, cnair, dining and combination cars now so equipIn the application of these 5 vestibules we spent
ed.
1,
$420,525 50.
The items included under
this head are given in detail in
other portions of the report, but are so scattered in the different reports that the aggregate value and importance of
the work is not fully understood until attention is called to it.
Additions.
Real Estate
$11,616 59
New yards,
140,20117
23,247 07
31,739 17
15,392 92
Double
tracks, spurs, eto
track, Bement to Decatur
New Shops, Stations, Buildings,
New Interlocking Plants
eto
$222,196 92
Improvements.
Reducing Grades and Removing Curves
Filling Trestles,
Wooden
Iron Bridges in
ones, River Protections,
tions enlarged, etc
New Shop
Machinery
place
New
$55,719 56
of
Sta-
133,999 29
8,609 73—198,328 53
$420,525 50
In addition to these items of expenditure to improve the
property, there have been great improvements made in the
condition of the property, and considerable sums expended
in the way of heavy rails, frogs, switches and track better-
ments.
As shown by the foregoing statistics, there was no let-up
improvement which has been in force since
the reorganization in 1889. While large sums have been
and are being expended annually in this direction, it is the
GENERAL REMARKS.
aim of the management to make these expenditures in such
The most salient items of expenditures in this report are, directions as will secure the best and quickest results in increased traffic, reduction of expenses and increased safety
first, "Equipment," and second, "Improvements of the
of operation and that such results have been secured, at
Property."
least to a moderate degree, is shown by the large increase
IQUIPMENT.
in both freight and passenger traffic, increase in car and
$772,057 15, divided as follows
train load, and decrease in cost of handling traffic on the
The average earnings per ton mile for the
basis.
ton-mile
$379,137
60
Cars
Freight
New
90,456 06 past year were less than the cost per ton mile for the year
New Passenger, Combination, Postal and Dining Cars
197,261 85 ending June 30th, 1895, the cost per ton mile for 1900 being
New Locomotives
25 per cent less than for 1895.
New Safety Appllanoes, Air-Drakes, Automatic Couplers,
The reduction of grades at Boody Hill and Cerro Gordo
105,201 64
Steam Heat, etc
in the policy of
;
:
$772,057 15
Total
this account will, during the year
by the payments necessary under
increased
greatly
1901, be
the contract for the 3,000 new box and 500 new coal cars.
The expenditures on
will be this year
New cars, $46,899 86; locomotives, $5,071 88, an increase of $21,117 91 per
The monthly payments
:
month.
In considering these increases in expenditures, we must
not forget that these new cars will largely inci ease our
revenues and decrease the amount we pay other roads for
The Wabash Company has
the use of their equipment.
f
always been "short' in car equipment, always a borrower
from competitive as well as friendly lines, and while in
"lean" years it managed to get along, in years of heavy
grain or other traffic, it was forced to look to other roads
for cars, and of course got them only where the owner could
spare them, and as a result the Wabash has lost enormous
tonnage for want of cars during rush periods. Uars must te
provided when wanted by the shipper, or the traffic is lest.
from 49 to 21 feet per mile will make the capacity of every
engine operating over these districts about 30 per cent
greater, and the double-tracking between Bement and
Decatur will considerably reduce the "overtime" paid to
men and delays to trains.
While gross earnings were large for the year just ended,
the present year promises a good increase; rates are bettor
maintained and are slightly higher than a year ago, and the
crops tributary to the Wabash are large. The corn crop
tributary to our line is reported twenty per cent better than
last year, and last year we carried neaily 1,000,000 tons of
corn. The wheat crop west of us is heavy, and is beginning
to move at fair rates. The reduction of prices for iron and
steel will largely increase orders for building supplies, and
tbe termination of the long strike and lock-out between
building contractors and labor unions at Chicago and other
points, and the outlook for a long treaty of peace between
train
these interests, promises well for traffic in building material.
The reduction in prices will prove a double benefit,
ncreasing traffic and reducing expenses.
:
September
1,
:
THE CHRONICLE.
1900.]
441
CHICAGO GREAT WESTERN RAILWAY COMPANY.
EIGHTH ANNUAL REPORT-FOR THE FISCAL YEAR ENDING JUNE
To
the Shareholders
The Directors submit the following report
During the year the Company has operated 929-51 miles,
which is the same as in the preceding year, and the figures
of the last year are given for comparison
:
Preceding
I ear.
$
This Tear.
The Gross Receipts from
all
$
Increase.
$
6,721,037 06 5,867.739 78 833,297 28
sources have been
Operating expenses have been.4,490,223 01 3,943.516 45 546,706 56
Expen's. 2,230.8 )4 05
Balance over Oper.
*
204.000 CO
Taxes
1,924,223 33
2,026,814 05
7,230 73
Gross Receipts per mile
4,830 74
Operating Expenses per mile.
219 47
Taxes per mile
2,180 52
Net Earnings per mile
Operating Expenses to earn6681
ings, percentage
1,720,223 33
6,312 72
4.V42 58
Net Earnings
306,590 72
204,000 00
306,590 72
918 01
588 16
219 47
1,850 67
329 85
67-21
Dec. 0'40
in price of coal alone added $61,556 to the
cost of operation, which is 9 10 of one per cent of the
gross earnings. At last year's prices of coal, the percentage
of expenses to earnings would have been 65*91, against the
67-21 of the previous year, a decrease of 1*30 per cent.
The Gross Receipts have increased 14-54 per cent.
The Operating Expenses have increased 13-86 per cent.
The Net Earnings have increased 17-82 per cent.
The Freight Earnings have increased $653,252 60, or 14-60
The advance
per cent.
The Passenger Earnings have increased $184,889 01, or 15-74
per cent.
The other earnings have increased $15,155 67, or 6-96 per
cent.
CAPITAL.
AND CAPITAL. EXPENDITURES.
MORTGAGE DEBT.
June 30, 1899, the Company had
outstanding a mortgage indebtedness known in the accounts
as the "Five per cent Sterling Priority Loan of the Chicago
St. Paul & Kansas City Railway Company," amounting to
$2,823,150, which was the only mortgage indebtedness of
the Company. According to the terms of this loan the
Company had the right to retire it on any interest paying
day at 105, at which price it required $2,964,307 50 to pay
the loan. The loan was paid on the first day of January,
1900, from the sale of $3,300,000 of Four per cent Debenture
Stock at 90f/2 and accrued interest, realizing $2,986,500,
$22,192 50 more than enough to pay the loan, which has
been used in payment of additions and improvements for
the year. The exact amount of Four per cent Debenture
Stock which was consumed in the conversion of the Priority
Loan was $3,275,478, the interest on which is $131,019 12
Ser annum. This conversion has therefore reduced the
xed charges of the Company ranking prior to the Four per
cent Debenture Stock $141,157 50 per annum, while it has
increased the interest on the Four per cent debenture Stock
$131,019 12, making a net decrease in fixed charges of
$10,138 38 per annum.
The Company has now no mortgage
At the end
of last year,
The permanent
capital of the Company is represented entirely by stock.
Jt has never issued bonds.
The capital stock is divided into four classes, stated in the
order of their preference, as follows:
(1) Four per cent debenture stock, which partakes of the nature of both stock and bonds. As a stock
it participates in the management by voting at stockholders' meetings in all respects the same as other stocks.
Like
a bond, it bears a fixed rate of interest of four per cent per
annum, payable semi-annually, in gold. It is a perpetual
security, not terminable like a bond by lapse of time.
(2) 5 p. c. preferred stock A, which also participates
in the management by voting at stockholders' meetings the
same as the other stocks of the Company. It stands next
to the Debenture Stock, and is entitled to a dividend, when
1900.
Under the laws, the management of railway companies is
vested in a board of directors, who are elected by the stockholders. As most American railways are constituted, the
stock represents the smaller, and the bonds represent the
larger, proprietary interest, but the bonds have no voice in
the management. Under the organization of this Company the management of the details of operation is in the
Board of Directors, but the Board of Directors is elected by
the wbole body of the proprietorship, as all classes of stock
have an equal vote in electing the Directors. The interest
rights of the Four per rent Debenture Stock, and the special
dividend rights of the Preferred Stock A, are secured by a
deed of trust and contract between the Company and the
Manhattan Trust Company of New York, as Trustee. This
trust deed and contract defines the respective rights of each
class of stock, and is a mortgage security for the interest
rights of the Debenture Stock and the dividend rights of
the Preferred Stock A.
Among other things, it provides for an annual meeting of
tne Debenture and Preferred A stockholders collectively, to
elect a Finance Committee, consisting of five of their own
members. The Finance Committee have an absolute veto
power on the action of the Directors involving the issuing
of new securities and the making of expenditures of money,
except for operating expenses.
The modus operandi of making improvements and additions requiring increased capital is as follows: The Directors take the initiative by making a statement of such
improvements and additions as they deem it advisable to be
undertaken, with an estimate of the cost, and proposing a
method of providing the funds. This statement and estimate is then submitted to the Finance Committee for approval, and such items as the Committee do not approve
cannot be undertaken. Thus it is seen that the judgment
of two independent boards, the Board of Directors and the
Finance Committee, must concur in the wisdom of expendito res, except for operatin g expen ses, before they can be made.
The Committee has authority to appoint its independent
auditor, who has no connection or relation to the Board of
Directors, who makes periodical examinations of the accounts of the Company and reports directly to the Committee. Mr. Stephen Little, of New York, is at present
the Committee's auditor.
But notwithstanding the concurrence of the Board of
Directors and the Finance Committee, no additional Debenture or Preferred Stock A can be issued until authorized
(1) By a vote of two-thirds in amount of the Debenture
Stock, Preferred A, Preferred B and Common stockholders,
collectively, at a meeting called for that purpose, of which
each stockholder must have notice by publications in newspapers, and by notice mailed to each stockholder, at least
sixty days in advance of the meeting, stating specifically
the purposes for which such meeting is called.
(2) By a vote of a majority in amount of the Debenture
and Preferred
stockholders, attending a separate meeting
of those two ckvses of stockholders, collectively.
:
A
STOCKS OUTSTANDING.
indebtedness.
CAPITAL STOCK
30,
The amounts
of the various classes of stock outstanding on
the 30th of June, 1899, and the 30th of June, 1900, and the
increase (or amounts issued during the year), are as follows:
Slock.—
June 30, 1899. June 30, 1900.
Increase.
Debenture Stock
$12,435,135
$16,681,033
$4,245,898
Preferred Stock "A"
Preferred Stock " B "
Common Stock
Total
The
11,178,540
7,468,090
21,238,045
11,303,900
7,468,090
21,308,145
125,360
$52,319,810
$56,761,168
$4,441,358
;
0,100
Debenture Stock which has been issued
during the year has been used as follows:
$4,245,898 of
For convf rsion of the Priority Loan as hereinbefore stated $3,275,478
For exchange of First Mortgage Bonds, under the plan of
reorganization
6,000
For retiriDg $80,226 96 of oar trust obligations bearing 7
per cent interest and $83,589 34 bearing 5 p. o. interest.
For additions and improvements
200,000
764,420
earned, not exceeding five per cent per annum, payable
$4,245,698
semi annually. The dividend is not cumulative, but, unlike The annual interest on the entire $4,245,898 issued during
the year is
ordinary preferred stocks, the payment of a dividend in
$169,835 92
each half-year, if earned, is not left to the discretion of the The annual Interest on the Priority Loan,
which has been retired, was
$141,157 50
Board of Directors. There is a specific contract in each The annual interest
on the car trust liabilities
stock certificate to the effect that the dividend must be paid
retired was
9,795 35
whenever earned.
Making the total saving in annual interest charges
$150,052 85
(3) 4 p. c. preferred stock
stands next to the Preferred Stock A, and is entitled to a dividend, not exceeding And the total increase in annual charges by reason of issuing $4,245,898 of Debenture Stock only
four per cent per annum, in preference to the Common
$18,883 07
Stock. The preference is in the usual form of the preferred
That is to say, by these operations the Company has restocks of American railways. It also participates in the ceived the proceeds of $764,000 of Four per cent Debenture
management by voting at stockholders' meetings, the same Stock for additions and improvements, with an increase in
as the other stocks of the Company.
fixed charges of only $18,883 07, equal to about 2 1-3 per
(4)
stock, which is entitled to such dividends cent per annum.
as the net earnings of the Company will justify in each
The $ 25,360 of Preferred Stock A which has been issued
year, after paying or providing for the interest on the De- during the year has been used as follows
benture Stock and the dividends on the Preferred Stock A For exchange of First Mortgage Bonds under the plan of re$7,200
and Preferred Stock B. It also participates in the manageorganization
.118,160
ment by voting at stockholders' meetings, the same as the For additions and Improvements
ther stocks of the Company.
$125,360
B
Common
:
.
THE CHRONIOJL&
442
The $70,100 of Common Stock which has been issued during the year has been used for exchange of Common Stock
and Income Bonds of the Chicago St. Paul & Kansas City
Railway Company, in pursuance of the plan of reorganization.
INTEREST AND DIVIDENDS PAID ON STOCK DURING THE
YEAR.
Two semi-auiiual interest payments of 2 per cent each,
4 per cent Debenture stock, making 4 per cent
$568,680
for the year, amounting to
Two 8t-mi-»m ual dividends of 2^ per cent each, on the
Preferred Stook A, making 5 per oent for the year,
568,6 20
7.
amounting to
on the
50
00
$1,137,270 50
INDEBTEDNESS.
The following is a statement of the entire indebtedness of
the Company, except current accounts pertaining to operation, on the 30th day of June, 1899, and the 30th day of June,
1900:
Priority
Car Trust
Loans
Liabilities
Total
*
June 30, 1899. June
$2,823,15000
Loan
30, 1900.
Decrease.
[Vol. lxxi,
trust liability of $48,237 50, bearing five per cent interest,
now reduced to $40,685 96. There has been paid on account
of these various liabilities during th- fiscal year $163,816 30.
Therefore, on account of the equipment purchased on the
car trust plan, which cost $2,401,872 80, there has been paid
$1,092,250 17, leaving a balance due represented by equipment le«se warrants on the 30th of June, 1900. $1,309,622 63.
All car trust liabilities have been promptly paid at maturity.
ADDITIONS TO ROLLING STOCK.
During the fiscal year the Company has increased its rolling stock by the purchase of ton locomotives, 00 gondola
cars, 78 box cars, one baggage car, and has continued the
process of equipping its rolling stock with automatic
couplers and air brakes to such an extent that the whole is
now equipped with automatic couplers .-and 78 percent with
air brakes, thus fully complying with the law of Congress
upon the subject. The amount which has been expended in
increasing its rolling stock as above stated is $259, 77 23, of
which $210,939 73 has been paid in cash, and $48,237 50 in
'
1,425,20143 $1,809,622 63
3,937,12114
3,566,072 29
$2,823.15000
115,578 80
*37 1,048 85
car trust liabilities.
The amount paid on car trust liabilities
stock purchased is $374,755 03.
$5,246,743 77
$2,567,679 95
ADDITIONS AND IITCPKOVETIENTS TO
NENT PLANT.
$7,814,423 72
Increase.
The total indebtedness of the Company, therefore, at the
end of the piesent fiscal year is $5,246,743 77, which will be
retired at maturity from the proceeds of Debenture Stook
which has already been authorized, and of which $1,202,900
The conversion of
is now in the treasury of the Company.
this indebtedness into Debenture Stock will materially reduce the fixed charges.
ANNUAL RENTALS PAYABLE.
The Company owns
all its terminal grounds, yards and
except in the city of Chicago, where
the principal part of its terminal property is a lease-hold
estate, and except in Des Moines, where a small part is lease-
facilities in fee simple,
hold.
and
for rolling
THE PERMA-
There has been expended during the
tions and improvements the
detail in pamphlet report].
sum
fiscal year for addiof $1,028,273 31 [given in
TERMINALS.
When
the line was constructed, about two and a half acres
of expensive land, covered with buildings, were purchased
in Kan -as City at the enormous price or about $1(0,000 per
acre, for freight terminals. Later on another detached
piece of land was purchased for an elevator site and freight
yards. But the increase of business at Kansas City has
made these yards entirely inadequate, and by reason of their
inadequacy the terminal work at Kansas City has been done
at an unreasonable cost, besides necessitating the payment
of large sums to other companies for switching.
About a year ago the Company succeeded in contracting
for the purchase of about twenty acres of land favorably
situated, on which it is now constructing terminal yards
which, when completed, will equal in capacity and location
the terminal facilities of any other company in Kansas City.
The land was purchased at the exc edmaly low price of
$5,000 per acre, and a contract has been made for grading
at about $3,000 per acre, making the total cost of the land
when ready for the tracks about $*<,000 per acre, against
$100,000 per acre paid for the purchases of years ago.
As it
was found necessary to perfect some of the titles by condemnation proceedings, and the legal right of the Company
to condemn lands in Kansas City was doubtful, the Terminal Railway Company of Kansas City was organized for
the purpose of procuring and holding the title. All the
stock of the Terminal Company is held in the treasury of this
Company. Payments on account of the purchase price and
for grading have been made to the extent of about $9i,000,
and the grading has so far progressed that tracks are being
laid to meet the immediate necessities of the Company in
the large business which is now coming to it at that point.
The yard when completed will be about 3,700 f*-et long and
500 feet wide at the widest part, and will embrace several
miles of sidetracks, a roundhouse and warehouses. Through
this yard connections will be made directly with several
important industries and with other lines of radway, thus
saving the payment of switching charges which it is estimated will nearly, or quite, equal the interest upon the
whole investment But its principal justification will result from increased business and reduction in cost of operation.
After the jard is completed the expensive land first
purchased may be sold as opportunity offers.
The Company holds a lease from the Chicago Terminal
Transfer Railroad Company, running for 99 years, with the
privilege of renewals without re- valuation, which gives it the
unlimited use, in common with other lessees, of about eleven
miles of double main track of the passenger station and all
the side tracks leading to industries also, the exclusive use
of a freight house and accompanying tracks of a freight
yard containing tracks for team delivery of a freight terminal yard one mile long and eight tracks wide for making
up trains, standing freight cars and transferring freight a
roundhouse, turntable, coal shed, etc. of 4,000 feet of side
tracks for standing passenger cars, with facilities for cleaning and small repairs; of 88,473 square feet of, at present,
unusued land located in the heart of the city, which is held
as a reserve to accommodate increased business, and 1,320
lineal feet of dock frontage on the Chicago River, accessible for steamships navigating the Great Lakes.
The Company's use of this vast property is as full and complete as though it absolutely owned the whole of it. Instead
of paying all the taxes, repairs and renewals, which it would
have to pay if it was the owner, it only pays an equitable
proportion. Instead of paying interest on the total cost
(about $20,000,000), as it would have to pay if it owned the
whole of it, this Company pays an annual rental equal to 5
per cent on less than $1,000,000.
The lease antedates the mortgages which have been issued
by the Terminal Company, and therefore can never be disturbed by possible financial disasters which may result in
the foreclosure of such mortgages. This lease-hold estate
including the reserve, is sufficient to accommodate several
times the present volume of traffic, and is regarded as a
valuable asset of this Company in excess of its rental cost.
At Des Moines the Company owns much the lar er part of
its terminal facilities, but leases passenger facilities at the
union passenger station, and yards and warehouses in the
During the year the Company has leased from the School
heart of the city for local freight deliveries.
Trustees a strip of land adjoining its present terminal yard
The following is a statement of all the rentals payable
in the outskirts of Chicago, a mile long and 150 feet wide,
1899.
1900.
Increase. embracing about twenty acres, and has agreed to purchase
186,620 641192,072 97 5,452 33 the same on or before the 4th day of November, 19"1, at the
For Chicago Terminals
11,11583
12,58168 1,465 75 price of
For Des Moines Terminals
$2,500 per acre. On this land the Company has laid
30,000 00
30,000 00
For Dubuque Bridge
For Running Powers on 71*78 mlles.135,470 75 135,706 83
236 08 several miles of side track, which will tend to relieve the
freight blockade which occurs at Chicago in the heavy busi363,207 22 370,36138 7,154 16 ness of each returning autumn. No progress has
Total
been made
The increase in the rental of Chicago terminals is due to in the erection of the contemplated warehouses at Chicago,
increased facilities leased during the year. The increase in which would also relieve the congestion of the autnmn busirental of Des Moines terminals is due to the completion of a ness, by furnishing quicker discharge of cars, for the reason
The slight increase in rental that the labor strike among the building trades, which has
fine new passenger station.
for running powers is simply an adjustment of account?.
continued all summer in Chicago, has prevented it. No
contractor in Chicago could be induced to undertake it.
ROLLING STOCK AND OAR TRUSTS.
OPERATION.
The Company owns rolling stock free and
clear of incumbrances, which cost
$2,799,019 49
DETAILS OF OPERATING EXPENSES AND RENEWALS.
It has also bought equipment at various dates
1900.
1899.
on the car trust plan, amouming to
2,401,872 80 Repairs of Road and Track
$503,69120
$ 420,3.B'3 54
126,177 60
120,^8092
The Company when it took over the property of the Renewals of Ties
Renewals
of Rails
15.61116
29,270 61
Kansas
City
Paul
Company
St.
&
assumed
Chicago
a car Repairs and Renewals Bridges and Cultrust liability amounting to $1,723,430, bearing 7 per cent
52,«74 27
60.496 84
verts
64,2<>3 70
44,238 74
This has been reduced to $886,490 67. On May Repairs and Renewals Buildings
interest.
Repairs Fences, Road Crossings, Signs
25, 1896, the Company created a car trust liability of $100,22.844 08
14.645 45
and Cattle Guards
000, bearing six per cent interest, now reduced to $70,000. Repairs and Maintenance Telegraph
24,914 24
7,680 45
7,732 32
7,0.! 1 15
In April and May, 1899, it created car trust liabilities Suow Fenoing and Shoveling
amounting to $396,970, bearing five per cent interest, now Repairs and Renewals Locomotives and 285,478 05
252,267 27
Tenders
reduced to $312,440, and in January, 1900, it created a car Repairs and Renewals Passenger Cars.
78,260 21
64,717 58
;
;
;
;
;
;
:
.
——
4
.
September
THE CHRONICLE.
1, 1900.J
1900,
Repairs and Renewals Freight Oars
Repairs and Renewals Shop Tools and
—
.
Machinery
v„--v;
W. & T., Shop Tools and Machinery.
and Engine
Shop
at
Lights
Fuel and
Houses
Fuel for Locomotives
....
Water Supply
O. W. T. and Other Supplies lor Loco's..
Engineers, Firemen, Wipers and Dis-
O.
.
—
patchers
Conductors, Brakemen and
— PasseDger
Conductors, Brakemen and
1,003 38
392,273 11
81,025 41
79,646 36
218,64180
128,31191
45,530 02
12,768 11
11,391 t-9
189,200 39
38,426 55
34,989 07
7.596 99
IP. 152 26
12,375 86
194,628 33
103,448 60
45.714 57
25.459 OS
10,085 24
90,«12 34
24,278 84
14.216 32
50,4 4* 12
324,405 59
11,148 05
86.H89 92
34.460 1
101,090 06
31,058 01
t0» 56
40,69/ 43
11,100 00
155.171 8
36,-8=>20
10.601 fe2
1 0,530 09
177,399 81
28.860 10
41,019 71
4,564 59
17,622 50
10,269 11
$4,490,223 01
1,943,516 45
Baggagemen
27,537 56
5,4b8 94
96,6 2 1 2
22,091 3i>
15,432 63
44,497 44
346,013 06
16,117 16
142,736 18
37,8 c 9 29
125,896 37
30,665 47
'45,510 42
10,800 00
154,6*9 39
—
37,4 36 66
oierks.-...
General off! e Expenses and Supplies
Legal Expenses
Office Expenses
Office Expenses
York
Miscellantous
Total
28
07
62
60
MAINTENANCE OF THE PERMANENT WAY.
There has been expended for maintenance of permanent
$817,5*8 47. against $704,687 70 in the previous year, an
way
increase of $112,850 77.
The Company's proportion of all the somewhat extensive
improvements which have been made to the lines on which
it has running powers, including the replacing with a much
heavier steel superstructure of the bridge over the Mississippi River at Dubuque, has been charged to expenses.
NEW
RAILS.
The company, during the fiscal year of 1899, purchased
and laid in the track 10,000 tons, and during the present
year has purchased 10,000 tons additional, of 75-pound
which are now being laid in the track, making
for the two years 169 miles of track relaid with heavy steel
rails.
The small amounts which appear in the accounts as
charged to renewal of rails in the two years grows out of
the fact that the rails purchased for use in 18t»9 were purchased at a price of $19 00 per ton, but, before they were
laid in the tracks and the old rails let loose, the price of
rails had advanced to such an extent that the old rails sold
at about $10 00 per ton more than the new rails cost. The
process of laying rails is going on, and by the end of November of this year the entire line from Chicago to Oelwein. a
distance of 240 miles, which carries tbe thickest traffic, will
be relaid with heavy steel rails.
This rapid renewal of rails is foced up n the company by
competition rather than by due regard to economy. The
rails which have been taken up were so nearly perfect that
they have been eagerly purchased by non-competitive lines
for re-laying rails, and a due regard for economy would have
required they remain in the track for several years longer.
fiscal
steel lails,
MAINTENANCE OF EQUIPMENT.
There has been expended for maintenance of equipment
$618,311 99, against $556,426 17 in the previous year, an
increase of $6 ,885 82. The expenditure this year is equal to
11*8 per cent of the entire cost of the equipment, and something oyer nine per cent of the gross earni- gs. The large
expenditures which have been made in the last three years
for repairs and maintenance of equipment have placed the
entire motive power, passenger coaches and freight eqnipment in first class condition. During the year one baggage
car, seventy-two box cars and seven caboose cars have been
purchased, and charged to maintenance to make good
equipment which has been destroyed and not rebu It. The
equipmt-nt having thus been brought to a high standard of
efficiency, with the facilities which are now [obsessed in
the Oelwein shops, it can reasonably be expected that th«
equipment can be maintained in the future with reduced
1
expenditures.
COMPARATIVE STATISTICS.
Showing the relative economy in the movement
this year compared with last year.
Freight—
1E99.
1800.
of trains
Incre'ie. P.c.Inc.
Total freight earnings
$4,475,406 $5,128,658 $653,252
1\ umber miles run
by freight
trains..
2 390,481 2,707,988 317,507
Wages of freight conductors and
brakemen
$194,628 $218,641 $24,013
Passenger —
earnings of passenger
trains, including mall and ex8
$1,361,469 $1,557,759 $196,290
vJ£?k
-V,
Number miles
run hy passengertrains
17,376
2,C59,085 2,076,461
*8e soi passenger conductors
and brakemen
$1,379
$81,025
$79,646
14*6
13-3
123
Total
—
The cost of fuel consumed and the wages of engineers and
firemen have not been distributed between the passenger
and freight trains. The increase in ti e-e two items must
therefore be compared with the total earnings.
1899.
1900.
Incre'se. P.c.Inc
of passenger
$5,836,876 $P,686,417 $849,541
14-5
and freight trains
Wages of engineers and firemen. $392,2" 3 $436,015 $43,742
111
47l,h04
2«-9
Costof coal consumed.
608,0 8 136,224
309.268
46,e05
15-1
Tons of coal oonsumed
355,873
$1-525
$1-698
11*3
A* erage cost per ton of coal.
$0173
I,7zl,b54 2,340,965 619,111
35*9
Tons of freight oarried
Total
earnings
.
Freight Car Mileage
Trackage...
Switching Charges
Superintendence
Rental of Locomotives
Stationery and Printing
Insurance
Outside Agencies
Advertising.
Expenses of Trafflo Associations
Expenses at Stock Yards aud Elevators..
London
12.403 58
436,015 53
Baggagemen
Injuries to Persons
Station Service
Sleeping and PaeseDger Car Mileage
New
14,829 72
1,515 06
14,5*7
471,804
27,1«9
18,445
Train Supplies
Station Supplies
Dining-Car Expenses
Opera' ing relegraph
Loss and Damage to Freight and Baggage
Damage to Property and Stock
and
189«.
$211,49" 03
23,515 08
608,028 05
29,294 « 2
23,300 07
—Freight
Switchmen, Flagmen and Watchmen
Salaries of Officers
$214,713 87
443
14-4
-8
1-7
.
The increased price of coal has added $61,566 to the cost of
operation, equal to nine-tenths of one per cent of tbe gross
earnings. The increase in price, together with the large increase in freight tonnage moved (35 9 per cent) is a sufficient explanation for the increase in coal, both in respect
to c< st and tons. The table shows that in the movement of
trains the lin*» has been worked with considerable economy
over the previous year.
-
THE BUSINESS OUTLOOK.
The gross earnings of the line having increased 15*07 per
cent in 1898, 8 94 per cent in 1899 and i4*54 per cent in the
present year, the question naturally arises, Will the next
year also show an increase ?
For several years prrces of manufactured goods have been
advancing, and in 899 the prices of such goods, more especially the products of iron, had been forced by unrratural
methods to such a height that it became evident that they
must recede to their natural level. All at once the evident
truism that "prices cannot advance forever" seemed to be
on all tongues, and this catch phrase, more than anything
else, seemed to affect the opinion of the public in regard to
prices.
Then it was said that if "prices cannot increase forever," "railway earnings cannot in rease forever," which
seemed to be retarded as equally conclusive. Based, to a
large extent, on this fallacy in reasoning, at the beginning
of June there was a widespread feeling that the t affics of
railways wonld be at a standstill in the new fiscal year, if
they drd not actually decrease.
The merchants partook of the forebodings of the public
mind, and curtailed their orders for merchandise, and for a
few weeks in June, and the early days of July, there was a
decided tendency of west-bound or merchandise traffics to
fall off.
This tendency seems, however, to have reached the
turning point about the 20th of July, and so far as the traffic
of this Company is concerned amounted to only about six
per cent of the west-bound business of one month. Since
the 20th of July the tide has turned, and has been followed
by a substantial increase in the west-bound merchandise
traffic compared with business of the same period in the
previous year. The merchants have found that even the
people of northern Minnesota and the Dakotas are not prepared to reduce consumption while they have money in
their pockets, because, perchance, they have lost half of
their expected crop of wheat, while the half which they
have saved promises to bring larger prices, and the rest of
their crops is fairly abundant.
It is evident that increased prices and increased traffics
rest upon different bases.
Prices are governed by the relation of supply to demand, the cost of production being the
controlling factor in the long run. An increase in production which might tend to reduce prices would have a certain tendency to incr ase railway traffic. Increased population, increased capital and increased efficiency of laborsaving devices, all tending to reduce prices, are the producers of increased railway traffics, and as long as population and capital increases, railway traffics must increase.
The first Census of the population of the United States
was taken in 1790, and there has been a Census taken at the
end of each subsequent ten years. The increase for a hundred years has been, with remarkable regularity, at the rate
of about 30 per cent for each decade, compounded at the
end of each ten years. The increase of capital has b^en
more rapid. The statistics of the aggregate earnings of the
railways of the United States have been tabulated since
1871, and show as uniform increase by decades as the population, but at two and a half times the rate, or 75 per cent
increase in each decade, compounded at the end of each ten
years. The increase by years has been almost as uniform as
by decades. In only four years (1876-1877, le84 and 1894)
have the aggregate ^rnings shown a decrease in comparison with the preceding year, and in every other year the
aggregate earnings have increased. There are no such conditions threatening the immediate outlook of railway earnings as preceded in the four years of decreases.
But the history of any particular line does not justify the
expectation of such certainty or uniformity of increase.
Both internal and external conditions affect the earnings of
the particular lines. If the particular line is starved to such
an extent that its facilities, motive power and ca s do not
-
1
increase, its traffics must of necessity remain at least stationary, and will probably decrease. "So the partial failure
of a single crop, like the wheat crop in Northern Minnesota
and the Dakotas in the present year, may affect the particular railway disastrously, while the area is too insignificant,
compared with the vastness of the whole country, to perceptibly affect the aggregate railway earnings.
The shortage of 100,000,000 bushels of wheat will necessarily reduce the freight earnings of the spring-wht-at-carrymg
lines, but the lines of this company are so situated that it
THE CHRONICLE.
444
GENERAL BALANCE SHEET, REVENUE ACCOUNTS,
JUNE 30, 1900.
CURRENT ACCOUNTS RECEIVABLE.
has never participated, to any appreciable extent, in the
carrying of wheat from the Northwest except in the form
of flour. The great flouring mills of Minneapolis must continue to make flour. If the usual supply of wheat is curtailed, the shortage will be made good from the abundant
harvests of the Southwest, in the transportation of which,
this company, having the shortest line between Kansas City
and Minneapolis, will be an important factor. Instead of
hauling flour from Minneapolis to Chicago only, it will haul
wheat from Kansas City to Minneapolis and the resulting
flour from Minneapolis to Chicago— two hauls instead of
one. Besides, the local harvest of the territory immediately
adjacent to the line, which is always good, is this year
Due from agents and conductors
Due from individuals
Due from other railway companies
Interest accrued on securities owned
Bonds Minnesota Transfer Ry. Co.
Cash on hand
Supply of fael and material on hand
will not be delivered within the contract period, but, notwithstanding, the Company will have increased its carrying capacity from 15 to 20 per cent over last year, and, from
the present point of view, there seems to be no reason why
the fiscal year ending June 30, 1901, should not record another advance in earnings equal to the increase of the present year.
I This expectation seems to be sustained, in a measure, by
the fact that at the time of writing this report, six weeks
of the new fiscal year have elapsed with an increase in gross
earnings of 14-30 per cent. The percentage of increase in
the six weeks (14-30 per cent) is almost exactly the average
percentage of increase (14-54 per cent) of the present year.
The Directors take pleasure in expressing their appreciation of the faithful and intelligent services rendered by the
General Manager and other officers in charge of operations,
and by the employes, during the year.
By order of the Board of Directors.
A. B. STICKNEY,
President.
GENERAL BALANCE SHEET, CAPITAL ACCOUNTS,
JUNE 80, 1900.
ASSETS.
Cost of Rolling Stock owned
2,799,019 49
Cost of Rolling Stock purchased on oar
trusts
2,401,872 80
Joseph Elevators
Due from
capital accounts
Cash Deposited
to
pay-
____^___
Interest on Sterling Loans
$17,852 12
Dividend on 4 per cent Debenture Stock,
payable July 15, 1900
333,472 00
Dividend on 5 per cent Preferred Stock
"A," payable July 31, 1900
282,542 50
^— —^— _—^
—
Ry
Bonds and Stocks of Other Companies. ..
Cash with London Finance Committee...
Accounts Receivable
214 00
$2,230,063 50
CURRENT ACCOUNTS PAYABLE.
Interest maturing on bonds Minnesota
Transfer Ry
$3,537 78
Rental accruing to Northern Pacific Ry.
_°°
:
17.768 03
73,098 71
Payrolls
245,726 80
\ ouchers and current accounts
1,059,063 07
Coupons on C. St. P. & K. C. Ry. Co.'s
First Mortgage Bonds, unpresented
75 00
Mileage tickets outstanding
2,750 14
Insurance collected not expended
7,102 20
Interest maturing on Sterling Loans
59,177 17
-
Taxes accruing, estimated
617,767 00
Interest due Jan. 15, 1893, to July 15,
1900, on 4 per cent Debenture Stock,
not yet issued but issuable under plan
of reorganization, in exohange for one
First Mortgage Bond
Dividend due Jan. 31 and July 31, 1899
and 1900, on 5 per cent Preferred
Stock "A," not yet issued but issuable
under plan of reorganization, in exchange for one First Mortgage Bond ...
$16000
54 00
214 00
143,783 60
$2,230,063 50
85,00000
56,694 44
W. B. BEND, Auditor.
INCOME ACCOUNT FOR THE YEAR ENDING JUNE
94,185 10
347,633 17
255,754 07
190 79
84,300 52
Operating Expenses and Taxes
Rental Chicago Terminals
Rental Des Moines Terminals
62,355,786 14
LIABILITIES.
17,876,500 00
7,432 99
$4,694 223 01
204 654 55
Rental Dubuque Bridge
Rental of Lea ed Lines
$30,000 03
135,706 83
Interest on Equipment Lease Warrants
'Interest on C. St. P. & K. C. 5 per cent Sterling Priority Loan, six months
Interest on this Company's proportion as
joint owner of the Bonds issued by the
$33,569 52
St.
17,883,932 99
1,202,900 00
Less in the Treasury
Debenture Stock and
Sorip Outstanding
16,681,032 99
11,371,800 00
5% Preferred Stock A
Less in the Treasury
67,900 00
Preferred Stock A Outstanding
11,303,900.00
4% Preferred Stock B
7,489,190 00
Less in the Treasury
21,100 00
Preferred Stock B Outstanding...
7,468,090[00
Common Stock
21,308,145 00
Total of Stock Liabilities.
56,761,167 99
7% Equipment Lease War-
K. C.
Rr. Co
886,496 67
6% Equipment Leaso Warrants, C. G. W. Ry. Co
5% Equipment Leaso War-
1901
Sterling
U.S. Currency..
5%
1,281,054 10
~
Freight Earnings
Passenger Earnings
Mail Earnings
Express Earnings
Rental Earnings
Miscellaneous Earnings
$5,128,658
1,359,907
111,527
86,323
5,550
29,058
75
72
69
79
51
60
1
£2CO,000
969,696 96
£100,000
484,848 46
'
309 622 63
'
The C. 8t.
January
full
P.
1,
& K. C. 5 per cent Sterling Priority
1900.
Loan was paid
There have been paid two semiannual interest payments of 2 per cent each on the 4 per cent Debenture
Stock, amounting to
Ihere have been paid two semi-annual dividends of 2*«
per cent each on the 5 per cent Preferred Stook A,
£190,625
$200,000
amounting to
Total Liabilities on
Loam.
from Earnings....
$568,650 50
$1,281,054 10
$67,000
550,000
1,358,333 30
3,937 12114
347J874 33
62,355,786~14
R. C.
In
568,620 00
143,783 60
Surplus
£152,900
U. 8. Currency..
Loans at various dates..
Advances
375 398 57
$6,721,037 06
in 1904,
Sterling
5%
—_
all
$6,721,037 06
1,124,242 42
Gold Notes, due
7,680 00
188.962 84
9,574 05
$6,721,037 06
*
-£££"*»£
6% Sterling Loan, due in
1902
5% Gold Notes, due in 1903,
charges prior to 4 percent
Debenture Stock
5,033 41
353,125 96
Oar Trust Liabili-
696 Sterling
Minnesota Transfer Railway Co
Interest on Loans for Capital Improvem'ts
Internal Revenue War Taxes
70,578 75
70,000 00
grants, C. G. W. Ry. Co
Total
Paul Union Depot Co
Interest on this Company's proportion as
joint owner of the Bonds issued by the
Surplus over
30, 1900.
$192,072 97
12,581 58
;
&
$1,468,293 90
Dividends payable July 15, 1900, on 4
per cent Debenture Stock
$333,472 00
Dividend payable July 31, 1900, on 5 per
cent Preferred Stock "A"
284,295 00
5,200,892 29
84,491 31
rants, C. St. P.
no
able in exohange for one First Mortgage
Bona
111,753 63
All the Stock of City Terminal Ry. Co.,
Kansas City
4% Debenture Scrip
fi^^i ftfift
.
Deposited in London to pay interest and
dividends from Jan. 15. 18^3, to July 31,
1900, on 4 per cent Debenture Stock and
5 per cent Preferred Stock -A," yet issu-
St.
-
4% Debenture Stock
ci 595 982 8R
'
London and New York
in
56,467,015 30
Our interest in Chic. Union Transfer Ry..
All lb* Stock of DeKalb & Great Western
12107184
708^636 94
19.550 00
347,874 38
Balance Income Account, June 30, 1900.
Cost of road, Including Terminals to
June 30, 1900
Our interest in Kansas City and
$229,028 19
117,486 32
51,408 45
437 50
489 26
Bills receivable
superior.
The earnings during the fiscal year covered by this report
have been limited by the motive power and cars which the
Company possessed. The new fiscal year begins with increased motive power and cars in possession, and 16 additional locomotives and 800 freight cars under contract to be
delivered during July and August". Some of the locomotives
rvoL. lxxi.
Wight, Auditor Capital Accounts.
Surplus over
Stock
all
charges prior to 4 per cent Debenture
$1,281,054 10
$1,281,054 10
W. B. BEND, Auditor.
2
:
September
1,
THE CHRONICLE.
1900J
445
SOUTHERN RAILWAY COMPANY.
ANNUAL REPORT— FOR THE
SIXTH
New
To
the Stockholders of the
York, September 1, 1900.
Southern Railway Company:
The President and Board of Directors submit the follow-
ing report of the operations of the
ended June
Company
for the year
30, 1900:
INCOME ACCOUNT.
Inc. or Dec.
1899.
1900.
Gross Earnings from
$31,200,869 89 $25,353,686 07 /.$5,847,183 82
Operations..:
Operating Expenses
21,831,446 86 17,356,355 37 1.4,475,091 49
and Taxes.....
Net Income from Operations
....
from
Income
$9,369,423 03
$7,997,330 70 J.$l, 372,092 33
Other
328,469 81
318,805 48
Souroes
$9,688,228 51
„'.•«„
$8,325,800 51 J.$l,362,428 00
$6,207,252 80
J.$548,189 50
15,534 71
24,028 23
D.8.493 52
$6,770,977 01
$6,231.28103
J.$539,695 98
$2,917,251 50
$2,094,519 48
J.$822,732 02
Interest and Rentals... $6,755,442 30
Other Deductions from
Inoome
Balance
_
D.9,664 33
Dlvid'ds on Pref. Stock:
No. 5, 1>« per ot. paid
inAprtl, 1900
900,000 00
$2,017,251 50
Reserved for Divid'd
No. 6, 1*9 per oent,
pay'leinOot.,1900
30,
1900.
Increase In rental of the Mobile <fe Birmingham Railroad,
paid for the entire year 1899 19C0, as against four
$61,000 00
months of the previous year
Increase In rental of the South Carolina & Georgia and
railroads,
paid
for
the
entire
Southern
year
Augusta
1899-19CO, as against two months of the previous year
(including rental of Sumter & Wateree River RR.)
240,000 00
Increase in rental of RlobmoDd & Mecklenburg Railroad,
paid for the entire year 1899-1900, as against eight
4,200 00
months of the previous year
Rental of Atlantio & Danville Railway Company for ten
105,833 31
months— September 1 , 1899. to June 30, 1 900
Rental for trackage rights over Charleston & Western
Carolina Railway and Charleston & Savannah Railway,
between Allendale, S. C, and Savannah, Ga., six months
12,147 56
and twenty-one days
583 32
Sundry small increases
Total
in
$588,052 83
creases
Decrease In Interest on Southern Railway
Company Certificates of Indebtedness issued
In December. 1897, for aocount of purchase
of Memphis Division, of which $200,000 out
of ihe original [issue of $1,200,000 were
outstanding June 30, 1900
$24,000 00
Decrease in interest on Atlanta & Charlotte
Air Line Inoome Mortgage Six Per Cent
Bonds, which matured April 1, 1900, the
payment of the principal of said bonds having been extended to January 1, 1907, at 4
per cent per annum
3,750 00
Miscellaneous decreases, due to retirement of
Richmond & Danville and Georgia Pacific
12,113 33
Equipment Sinking Fund Bonds
39,863 33
900,000 00
Bal. carried to credit
of Profit and Loss.. $1,117,251
YEAR ENDING JUNE
FISCAL
50
Netincrease
$548,189 50
increase
of
in
interest
upon
Southern
Railway
The
$28,490
First Consolidated Bonds was due
(a) To the faot that $1,000,000 of bonds which bore Interest for only six months of the fiscal year 1899 carried Interest for entire year 1900. involving an increase of
$25,000 00
(6) To the sale during the year of $1,398,000 of bonds bearing interest from June 11, 1900
3,490 00
:
For dividends for the year 1899, see Profit and Loss Account, Table 3, page 33 of Annual Report for 1899.
For details of Income Account see Table 2, pages 451 and
452.
This account for 1900 includes, for the entire year, the results of operation of the Mobile
Birmingham Railroad,
&
South Carolina & Georgia and Augusta Southern Railroads,
Carolina Midland Railway, Seivern & Knoxville Railroad
and Atlantic & Yadkin Railway, whereas for 1899 it included the results of operations of these properties during
only a part of the year, namely:
Mobile & Birmingham RR., March 1 to June 30, 1899.
South Carolina & Georgia and Augusta Southern Rail-
May
roads,
1
to
June
30, 1899.
Carolina Mid'and Railway and Seivern
May
June 30, 1899.
Atlantic & Yadkin Railway, April
&
Knoxville RR.,
21 to
$28,450 00
First Consolidated Bonds reserved in the hands of the
Trustee for future improvements amounted, at the close of
the year, to $12,900,000, issuable only for expenditures for
new and additional property under the limitations specified
in the mortgage, and at a rate not exceeding $2,000,000 in
any one calendar year. One million dollars have been
withdrawn during the year 1900, as stated below.
Memphis Division First Mortgage Bonds similarly reserved
for improvements upon the Memphis Division amount to
$1,417,000, to be iesued at a rate not exceeding $100,000 per
annum and, in addition thereto, $1,500,000 of these bonds
are reserved solely for the construction, if determined
upon, of aline of railway between Stevenson and Chattanooga. None of the reserved bonds of this issue have as
;
1
to
June
30, 1899.
It also includes the results of operation of the several
properties added to the system during the year 1900, as follows:
Sumter Wateree River Railroad, August 7, 1899, to June
30,1900,
Atlantic
Danville Railway, September 1, 1899, to June
&
&
30, 1900.
Northeastern RR. of Georgia, November
1,
1899, to
June
30, 1900.
Lockhart RR., May 28, 1900, to June 30, 1900.
The Gross and Net Earnings shown above are the results
of the operation of an average of 6,306-12 miles for the entire
year in 1900 as compared with an average of 5,377-50 miles
6
yet been withdrawn from the Trustee,
There are also reserved, in the hands of the Trustee, $1,000,000 of Memphis Division Second Mortgage Bonds, issuable for improvements on the Memphis Division, at a rate not
exceeding $100,000 per annum. None of the reserved bonds
of this issue have as yet been withdrawn from the Trustee.
EARNINGS AND EXPENSES.
The Earnings and Expenses in comparison with those of
substantially the same properties in the previous year were as
follows:
in 1899.
The mileage operated
at the close of the year was 6,431-11
miles as against 5,958-68 at the close of the previous year, an
increase of 472-43 miles, as follows:
& Wateree River Railroad
1581
& Danville Railway
28242
"..
Northeastern RR. of Georgia
..".......
3893
Carolina Midland Railway— Extension Cayse" to "Perry. S. O ... 31-1
Trackage over Charleston & Western Carolina Railway -AllendaleJunction. S. C, to Yemassee, S. C
34-70
Trackage over Plant System- Yemassee, 8. C, to Savannah. Ga. 53 80
Lockhart RR.-Lockbart Jet., S. C, to Lookhart. 8. C
1381
Sundry Adjustments...
1-84
Sumter
Atlantio
472-43
The net increase of $548,189 50 in "Interest and Rentals"
consists of
Increase in interest upon Southern Railway First Consolidated Bonds
$28,490 00
Increase
interest rpon $1,500,000 Atlantic & Yadkin
Kailway Company First Mortgage Pour Per Cent Bonds,
pam for the entire year 1899-1900 as against three
monthB in the previous year
45,000 00
lnc rea8e
ft Hoate8 in interest on Southern Railway Company
ot Indebtedness issued and sold in May,
Voof!
J9
P ro vlde, In part, for the purchase of South Caron,,
lina >i°
& Georgia Railroad stock and Northern Alabama
and stock and on Southern Railway Cornr^i 7 ?,y bond8
80 68 of Indebtedness issued and sold in
er,?,
Vc^
may,
1899, t> provide, in part, for the purchase of
Donas and stock of the Carolina Midland
Co.
ana stock of the Seivern & Knoxville RR. Railway
Co.. interest
certificates
having been paid for the entire year
1 bqq " *
19<J0 a8 against less than two months of the prei?J
V
8 y ear
-•••
89,13195
T, J°« . .
0m June 15 to 30 19 «0. on $1,000,000 Southa2£ d
Kaln wa y Company Certificates of Indebtedness isard n
d *° Provide for extensions of the Carolina
MiHio
MidlandTT?°i
Railway
1,666 66
...
m
.
^
1
,
>
'
,
1900.
1899.
Increase.
(2»
$
$
P.c.
of
IllC
Gross Earnings
31,200,869 89 27,696,179,85 3,504,690 04 12-65
Operating Expenses. .20,783,656 00 18,179,432 77 2,604,223 23 14-32
Taxes
947,442 99 100,347 87 10-59
1,047,790 86
Operating
Expenses
and Taxes
21,831,446 86 19,126,875 76 2,704,571 10 1414
Net Earnings from
Operation
9,369,423 03 8,569,304 09 800,118 94 934
Ratio of Expenses to
69-06
92
Earnings
69-98
As shown
in
DIVIDENDS.
Income Account, dividends amounting
to 3
per cent on the preferred stock, payable \}4. per cent in
April, 1900, and \% per cent in October, 1900, have been
charged against Income for the fiscal year ended June 30,
1900.
Dividends in the previous year aggregated 2 per cent
on the preferred stock, and were charged to Profit and Loss
Account.
PROFIT AND LOSS ACCOUNT.
The balance standing at credit of Profit and Loss on
June 30. 1899, was
$2,366,563 88The balance standing at the credit of that aocount on
3,510,70186
Juno 30, 1900, was
Table
For details of Profit and Loss Account see
3, page
452.)
FINANCIAL CONDITION.
financial condition of the Company at the close of
the year is shown in the comparative balance sheet ( Table-
The
1, p.
-A
450.)
The Company has no
floating debt,
and has had none
since its organization.
The liabilities of every character of all subordinate companies operated as a part of the System, whether leased or
:
:
:
THE 0HRONWL&
44H
[Vol. LX2I.
owned, and affecting »he income of the Southern Railway and of the Seivern & Knoxvil'e Railr ad Company, and of
Company, are shown in the balance sheet, and are treated as stock and bonds of the Northern Alabama Railway Company and of the Carolina Midland Railway Company, $633,liabilities of this Company.
333 33 were paid during the year, leaving outstanding at the
Capital Stock.
close of the year $1,716,666 67.
the
in
year
during
the
There have been no changes
In order to provide for advances to the Carolina Midland
amount of capital stock outstanding.
Railway
Company for the extension and com letion of its
Funded Debt, Outstanding Securities of Leasehold Estates
line from Columbia, S (X, to Hardeeville, S C, there were
and Equipment Obligations.
June 15, 1900, Southern Railway Company Four Per
As stated in the last annual report, there were outstand- issued
Tent
Certificates of Indebtedness in the sum of $1,000,000,
ing on June 30, 1899:
payable in four equal semi-annual instalments, the first of
which will be due July 1, 1901, and the last on January 1.
Funded Debt
(including $1,394,000 Southern Railway
Consolidated Bond* rreein Treasury and $i, 500,000
Memphis Division Second Mortgage Bonds owned
$103,932,300 00
by tne Company)
21,508,000
239,99 L
Outstanding Securities of Leasehold Estates
Equipment Notee of Old Companies or their Receivers.
<
1
3
$12^80.991 63
Total
On June 30, 1900, as shown by the balance sheet (Table 1)
there were outstanding
Funded Debt, Including $1 ,276,0 "0 Southern Railway
First Co solidated Bonds free in Treasury aud
$l,50(,0oo Memphis Division Second Mortgage
Bonds owned bv the O mpany
$104,970,200 00
25,9 2.<00 00
3 889 97
1,675,996 29
Outstanding Securities of Leasehold Estates
Equipment Notes of old Companies or their Receivers.
Equipment Obligations of Southern Railway Co
1
<
$13i,?32.2<36 26
Total
Net inorease during the year In these accounts
—
$7,05 1,9 rfi 63
This net increase of $7,051,994 63 represents V~
additions during tear:
(a) New Bond Issues—
Southern Rulway Co. First Consolidated Bonds... $1,278,000 00
Issued as follows:
Upon retirement of an equal amount
of Equipment Bonds, ana Equipment
Trust Obligations of tie old Companies and of their Receivers
$263,000 00
Upon retirement <>f an equal amount of
Prior Lien Bonds redeemed, viz.:
Charlottesville & Rapidan First
Mortgage Bonds.
15,000 00
Issued during the year for account of
the acquisition of new property
1,000,000 00
& Wateree River RR Co.
Mortgage ^ Per Cent Bonds.. $100,000 00
Richmond & Mecklenburg RR
o.
Fikst Mortgage 4 Per Cent Bonds..
7,000 00
seccritie8 of atlantic & danville
Railway C mpany:
Mortgage 6 Per
Cent Bonds
$1,238,000 00
3,099.^00 00
4,337.200 00
4,444,200 00
Obligations—
Amount of Contracts for New Equipment Received During the Year, Payable in Monthly
00
14,3"8
8
3.W3' 80
1,500
48,50^ 79
3,000 oo
950 00
2,7^0 00
•
Estate, Louisville. Ky
Estate, Jefferson County, Ky
Estate at Blaoksburg, 8. C
Real Estate -Miscellaneous
Rtght of v7»y between Asheville. N. C and
Knoxville, Tenn., for impro Ing line
Addition to General Offloe Building, Washington, D. C
Rluemont Extension— Round Hill to Bluemontu Va . 401 miles
New Station North Augusta, 8. C
Terminal Improvements Pinner's Point, Va.
Terminal Improvements Cha>leston, S. C
,
17,6:5 79
130,616 94
21,768
3.380
5.0*0
35.8?4
11,685
47
00
»8
75
11
320,303 58
9,750 00
$620,726 79
Bal -nee Sheet, Tabl* l, "New and
ment. Year 1899-1900") have been
Representing the cost of
3 Combination Cars,
7 Passenger Cars,
2 Caf6 Cars,
Additional Equip-
137,368 23
2 Dining Oars,
1
Snow Plow,
1
Steam Tug.
Total charges to Capital Account during the year for
$758,095 02
Constructnn, Real Estate and Equipment
Instalments During the Ye\rs ls-00 to 190i. Inclusive, or Earlier at the Option of the Com2,141,815 00
Total A»ditions
$7,864,015 00
reductions during year.
Richmond & Danville Equipment Sinking
Fuud 5 Per Cent Bonds, retired
$105,000 00
Georgia Pacitio Equipment Sinking Fund 5
Per nent Bonds, retired
120,000 00
&, Kapidan First Mortgage 6
Fer Cent Bonds, retired.
15,100 00
Equipment Notes of old Companies or their
Rec^veispaid
106,101 68
Equipment Obligations of Southern Railway
Company paid
465,818 71
Charlottesville
The capital expenditure of $130,616 94 on account of the
addition to the Company's general office building, at Washington, D. C, represents only the cost of the new and additional structure. The cost of the necessary alterations in
the original building will be charged to operating exp-nses.
Equipment Trust and Equipment Sinking Fond Payments.
Equipment Trust notes of the old Companies or their Receivers have been paid during the year as follows:
$37.500 00
East Tenn. Va. & Ga. Car Trust Notes
"
"
Mem obis & Charleston "
24,479 04
South
C-.ro ina
&
Ga.
Augusta Southern
812,020 37
Net inorease in those aocounts as above
$fl.29l
C
Total for Construction and Real Estate
First
Total Reductions
Va
Estate at Washington, D.
Estate at Aoheville, N. C
Estate at Lynch's, Va
(bj For New and Additional Equipment Expenditures for new and additional equipment, charged
to capital acoount during the year (as shown by the
<
pany
Real
Real
Real
Real
Real
Real
$630,476 79
First
Equipment
1S99-1900"):
Real Estate at Richmond,
Less proceeds from sale of Real Estate at
Columbia, S. C
Sumter
(o)
—
Balance representing cost of 446,180 feet
of additional Track
of Leasehold Estates—
Pi ef erred Stock
Charges to Capital Account.
(a) For New Construction and Real Estate
Expenditures for New Construction and Real Estate
charged to capital account during the year have been (see
Baance Sheet, Table 1, "Current New Construction, Year
For Acc«uDt of Sundry Surveys
Additional Passing Tracks and
Tracks to Industrial Plants,
515.2 7 feet
$400,137 90
Less amount charged to operating expenses, representing
19, 1 17 ft. of Track taken up.
79,834 32
$1,278,000 00
(b) Securities
1903.
$7,051,091 63
The increase in securities and equipment obligations outstanding, as shown above, is fully represented either by the
amount of prior li-n securities retired, or by the cost of new
and additi nal property acquired, or by s curities upon
newly-acquired properties outstanding at the time of their
acquisition.
Extension and Refunding of Matured Bonds.
The Atlanta & Charlotte Air Line Railwav Company Six
Per Cent Income Bonds, in amount $7 0,000, became due
April 1, 1900, and were extended at 4 per cent until January
"
"
"
"
"
"
28
7,124 34
36, 9
$106,101 66
Total
Sinking Fund payments during the year on
account of Equipment Bonds have been:
Richmond & Danville 5 Per Cent Equipment
Sinking Fund
$104,412 50
Georgia Paoitic 5 Per Cent Equipment Sinking
Fund
105,620 00
210,032 50
Total
Total payments during the year on acoount of old equipmenc obligations outstanding upon the several proper$316,134 16
ties at the time of their acquisition
Payments for New Equipment:
Payments for new equipment during the year have
amounted to,
$1,573,889 40
Of which there was charged to Capital Account, for
" New and Additional Equipment," as specified above.
1 37,368 23
The East Tennessee Virginia & Georgia Railroad Company First Mortgage Seven Per Cent Bonds, in amount $3,The balanoe, viz
$ ,436.521 17
123,000, matured on July 1, 1900, and provision was made
for taking them up by the issue and sale as of tbat date of has been charged to Operating Expenses or to Reserve Acan equal amount, par value, of Southern Railway Company counts created through charges to Operating Expenses to
First Consolidated Mortgage Bonds, pursuant to the require- provide for equipment renewals.
The new equipment thus
ments of the First Consolidated Mortgage Deed of Trust.
paid for and so charged consisted of:
The annual saving in interest charges to the ompany by
2i Locomotives,
1,627 Freight Cars.
24 Passenger Cars,
reason of these two maturities will amount to $77,460.
As against this, equipment was retired during the year as
Certificates of Indebtedness.
follows
Of the $',200,000 Six Per Cent Certificates of Indebted1751 Freight and Roadway Cars.
lw Locomotives.
<
ness issued in December, 1897, on account of the purchase
of the Memphis Divi.-ion, $400,000 were paid during the
year, leaving outstanding at ihe close of the year the sum
of $200,000, payable in December, 1900.
Of the $2,350,000 Five Per Cent Certificates of Indebtedness issued in May, 1899, to provide in part for the purchase
of stock of the South Carolina & Georgia Railroad Company
1
9 Passenger Oars,
for new equipment charged to
Operating Expenses reflect the Compa y's policy of improving the condi ion of its rolling stock aud of increasing the
average capacity of its freight cars and the average efficiency of its locomotives without increasing its capital
The heavy expenditures
account.
—
:
September
,
THE CHRONICLE.
1, 1900.1
447
The average number of tons (all freight) per train as compared with the year previous increased 11*78 per cent as
compared with 1896, 25*56 per cent.
The average number of tons (all freight) in each loaded
car as compared with the year previous increased 5 7 per
cent as compared with 1896, 13 per cent.
Sj
The average earnings per freight train mile as compared
with the year previous increased 10*44 per cent as compared with 1895, 12 per cent.
&
These average results do not indicate fully the improvements which. have been accomplished on the linesof densest
ville.
traffic, on account of the large number of branch lines in
The replacement of all equipment retired since the Com- the system upon which full train loads of freight are never
pany commenced operations in 1891 has been fully provided secured, and of the number of new lines in poor condition and
for by proper charges to Operating Expenses.
with thin traffic and light-capacity equipment which have
been added to the system during the years named, which
Equipment Obligations Outstanding at Close of the Year.
have tended constantly to keep down the average efficiency.
Equipment Obligations, as above stated, were outstandThe improvements have been most marked in the last
ing at the close of the jear in the amount of $1,809,886 26, year because of the increased volume of traffic, and of the
consisting of:
accumulated effect of the expenditures made in previous
Equipment Trust Notes of the old Companies or of their years to improve the property and thus secure more adThe average capacity of the freight-car equipment of the
system, which in l>*95 was 47,190 pounds per car, in 1900 is
51,619 pounds per car, an improvement of it*38 per cent.
The average tractive power of the locomotives, which in
1895 was 2,819 tons per engine, in 1900 was 3,072 tons per
engine, an improvement of 8*98 per cent.
These average results have been obtained notwithstanding the fact that during the five years relatively large proportions of light-capacity equipment have been received
Charleston, South Carowith such lines as the Memphis
lina & Georgia, Mobile & Birmingham and Atlantic & Dan-
Receivers, viz.:
East Tenn. Va. & Ga. Oar Trust Notes
Memphis & Charleston
South Carolina &Ga.
"
"
"
;
;
;
vanced methods of operation.
Contracts were let last spring for the work of reducing
grades and improving the alignment of the road between
$133,889 97 Asheville, N. C., and Knoxville, Tenn., which, when comunder
pleted, will result in considerable economies in handling the
1,675,996 29 heavy traffic over that line.
$1,809,886 26
ADDITIONAL PROPERTIES.
$62 500 00
8,159 68
63,230 29
Equipment obligations of Southern Railway Co.
equipment oontraots
Total
Atlantic
& Danville Railway.
The equipment obligations of the Southern Railway Co.,
The property of the Atlantic & Danville Railway Comamounting to $1,675,996 29, consist of the unmatured bal
was leased on August 31, 1899, to the Southern Railpany
ances on contracts for 3,200 freight cars purchased and reway Company for a period of fifty years from July 1, 1899,
ceived during this fiscal year as follows:
2,0©0 Br x Cars,
f>00 Coal Cars,
200 Coke Cars,
1 00 Stock Cars,
100 Flat Cars.
I
300 Gondola Cars,
The total contract price of the above equipment was $2,141,815, of which $465,818 71 was paid during the year ended
June 30, 1900. The balance is payable in monthly instalments during the next three years or earlier, at the option
of the Company.
New Equipment Contbacts:
In addition to the purchase of equipment made during
the year, as shown above, a contract has been made for the
purchase of new equipment as follows:
18 Pass' neer Locomotive?,
65 Freight Locomotives, and
3,450 Freu nt Oars, viz
1,9.*
Double Hopper-Bottom Coal Cars,
|
:
fcOO Ventilated
Box
Cars,
500 Flat Cars,
200 Coke Cars.
A small number of these cars had be?n delivered in advance prior to June 30th, and are included in the inventory
of equipment on hand on that date.
This equipment will be paid for twenty per cent in cash,
and the remainder under equipment trust obligations bearing four per cent (4%) interest and maturing in fourteen
(14)
1900.
semi-annual instalments dating
6 from November
1,
at a fixed rental of
$1 27,000 per annum
157,000 per annum
188,000 per annum
218,000 per annum
until July 1, 1901
from Juiy
from July
l,
1,
1901, to July
1904, to July
1,
1,
1901,
1909, and
thereafter.
&
Danville Railway consists of a main line
of standard-gauge railroad from West Norfolk, Va., to Danville, Va., a distance of 205*1 miles; a narrow-gau^e branch,
50*49 miles in length, from James River Junction, Va. (near
Emporia, Va.), to Claremont, on the James River, and several small spurs and branches aggregating 26*83 miles, in all
282*43 miles of road.
Northeastern Railroad of Georgia.
On October 31, 1899, the Southern Railway Company purchased from the State of Georgia the Northeastern Rai road
of Georgia, a lire extending from Lula, Ga., where it connects with the Atlanta & Charlotte Air Line Railway, to
Athens, Ga., a distance of 38*93 miles, tin property having
been offered for sale by the State to tbe highest bidder, pursuant to public advertisement. The purchase price was
$307,000, of which $100,000 was paid at tbe time of purchase,
$100,000 will be due November 1, 1900, and the remainder,
$107,000, on November 1, 1914, such deferred payment-* bearing intere-t from November 1, 1899. at Z% per cent per annum, payable semi-annually. The Southern Railway Comp ny has the right, however, to anticipate tht* payment of
either or both of the deferred insta'ments on the due date
The Atlantic
This equipment, while available on delivery as additional of any semi-annual interest payment.
for the growing traffic of the Company, is purSumter & Water ee River Railroad.
chased in anticipation of future renewals, and the cost will
The construction of the Sum'er & Wateree River Railroad,
be charged entirely to renewal accounts.
extending from a point on the Camden branch of the South
Further contracts have been made for the purchase of Carolina
& Georgia Railroad, near Kingville, S. C, to Sumnew passenger-car equipment as follows
ter, S. C, about 16 miles, was completed on August 8, 1899,
22 Passenger Coaohes,
6 Combination Passenger and and the road has been operated since October 2, 1899, under
22 Baggage and Express Cars.
Baggage Cars.
the terms of an op- rating agreement between the Sumter &
This should provide for the present necessities of the Wateree
River Railroad Company and the South Carolina &
service and for the replacement of such passenger equipment
Georgia Railroad Company, whereby the last-named Comas may be retired during the coming year.
pany operates the property for account of its owners.
The South Carolina & Georgia owns substantially all of
Inventory of Equipment.
As shown in Table 21 of pamphlet, the equipment on hand tbe stock, and has guaranteed payment of toe principal and
of all lines on June 30, 1900, as compared with June 30. interest of $100,000 First Mortgage Five Per Cent Bonds of
the Sumter & Wateree River Railroad Company, this being
1899. consisted of:
_
June 30, 1900. June 30, 1899. Increase. an obi gation incurred before the Southern Ry. Co. obtained
Locomotives
33
its controlling interest in the South Carolina & Georgia.
797
764
Passenger Service Care
32
714
«82
Savannah Extension.
Freight Cars
27,368
3,456
23.912
Road Servioe Equipment
130
In pursuance of the plan inaugurated in the last fiscal
576
446
This includes for 1900 equipment received during the year, by the purchase of the Carolina Midland Railway, the
year :—
last-named Company, during the summer and fall of 1899,
With the Atlantic & Danville Railway, viz.:
constructed a cut-off between Cayce (near Columbia), S. C,
and Perry, S. C, 31*12 miles in length, thus giving this
26 Locomotives,
811 Freight Cars.
23 Passenger Service Cars,
Company the control of a direct line of road from Columbia
14 Road Service Cars.
to Allendale, S. C, connecting there with the Charleston &
"With the Northeastern Railroad of Georgia, viz.:
Western Carolina Railway. Trackage agreements were
2 Locomotives.
1 R 0a d Service Car.
3 Passenger Servioe Cars,
made with the Charleston & Western Carolina Railway and
Aside from equipment received, as above, with lines ac- th* Plant System for thf> operation of Southern Railway
quired, there was a net increase in available equipment trains from Allendale to Yemassee, S. C, and from Yemasduring tbe year of
see,S. C.,into Savannah, Ga., including the use of the Plant
System
terminals at Savannah. This Company was thus
5 Looon otives,
2,645 Freight Cars,
6 Passenger Service Cars,
enabled to run its own trains into Savannah from th a be115 Road Service Cars.
Floating equipment at the close of the year crnsisted of ginning of last winter's Flori ia passenger traffic, and the
at
3 Steam Tugs. 2 Towboats, 10 Barges. 121 Coal Florida service has been since successfully operated over
xj
»
??f'
Uoats,
the new route in connection with the Plant System south
1 Pump Boat and 1 Pile Driver.
this includes 1 Steamer, 1 Tug, 4 Barges and 1 Pile Driver, of Savannah.
received with the Atlantic & Danville Railway.
Under the trackage contracts above referred to, provision was made for the future shortening of the line, if deOperating Efficiency.
sired, and the modification of the trackage agre-ments
Attention is invited to tables 9 and 10, in pamphlet, accordingly.
It has now been decided to do this by the
snowing the improvements made during the year in operconstruction, by the Carolina Midland Railway t ompany,
ating efficiency as compared with the several years previous.
of a line about 53 miles in length, from Allendale, S. C, to
equipment
|
1
|
1
:
THE CHRONICLE.
448
Hardeeville, S. C, on the Plant System, and it is expected
that the new line will be completed in time for next winter s
Florida traffic.
To provide funds without creating floating debt, and pending the permanent funding of the cost of these properties
and extensions, certificates of indebtedness, bearing four
last as
(4) per cent interest, were issued and sold in June
stated above.
Arrangements have been substantially concluded for the
construction of a new Union Passenger Station at Savan
nah, Georgia, and terminal tracks connecting it with the
several roads entering Savannah. The Southern Eailway
Company will own a one-third interest in the property and
will enjoy equal rights with other owners in its use and
operation.
Ensley Southern Railway.
For the purpose of reaching and insuring the development of important coal properties near Birmingham, a line
of railroad has been projected between Ensley, Alabama,
on the Southern Railway Company's Woodlawn -Bessemer
Branch, and Parrish, Alabama, the junction of the Northern Alabama Railway with the Southern Railway Company's line, a distance of about thirty-five miles. For this
purpose the Ensley Southern Railway Company (substantially all of whose stock is owned by this Company) has been
organized under the laws of Alabama, and is now constructing those portions of the line, about 25 miles, which
are immediately needed in order to reach the more important of the coal beds referred to.
In order to avoid parallel construction by the Louisville
Nashville Railroad Company, an agreement bas been
made by which that company will be granted trackage rights
over about 18 miles of the Ensley Southern line.
Lockhart Railroad.
In order to provide railroad facilities for the Lockhart
(S. C.) Mills, a cotton manufactory of impoitance situated
on the Broad River, the Lockhart Railroad Company was
organized by the owners of said mills, and has constructed
Spartana railroad therefrom to a point on the Asheville
burg Railroad, near Orr's Crossing, S. C, a distance of 13 81
&
&
-
miles. The Southern Railway Company has assisted in such
construction and the road has been leased to the Southern
Railway Company for a term of years, and has been operated
under such
lease since
May
28, 1900.
[Vol. LX2I,
The total issue of First Consolidated Mortgage Four Per
Cent Bonds of the new company will be limited to $2,500,000, of which $1,000,000, as above stated, will be issued for
the purchase of the property, $1,000,000 will be reserved to
pay off the $1,000,000 of outstanding first mortgage five per
cent bonds of the old company, due March 11, 191 1, and the
remaining $500,000 will be reserved to be issued only for
future improvements and betterments to the property.
The Southern Railway Company, the Biltimore & Ohio
Southwestern Railroad Company and the Chicago Indianapolis & Louisville Railroad Company jointly control the
new company, each having subscribed for a one-third interest in the new securities issued or to be issued for the
purchase of the property.
The property of the Kentucky & Indiana Bridge Company
consists of a railroad about five miles in length, including a
bridge across the Ohio River, between New Albany, Ind.,
and Louisville, Ky., and of important switching facilities,
including five miles of terminal lines in Louisville. The
new company is operated as a separate organization, but the
three companies above named will have the use of the bridge
and terminals, paying as rental an aggregate amount sufficient to cover any deficiency of earnings of the new company to meet its operating expenses, maintenance, taxes and
fixed charges, the portion of such rental payable by each of
the three companies named to be determined in proportion
to their respective use of the facilities.
Columbia Union Station.
A company has been organized for the purpose of constructing a Union Station at Columbia, S. C, and the work
is now under way
The Atlantic Coast Line and the Southern Railway Company have each subscribed for a one-half
interest in the securities of the new company, and will use
.
the station jointly.
NEW
The development
of
INDUSTRIES.
manufacturing industries in the South
has continued during the past year in a marked degree.
Upon the lines of this Company, or tributary thereto, 514
manufacturing industries and plants were completed and
began operations during the year, including:
Textile Industries.
27 new cotton mills began operations, equipped with 4,498
looms and 220.158 spindles, and having a combined author-
Ore Belt Railroad.
ized capital of $3,440,000.
For the purpose of reaching the iron-ore beds of the
The equipment of old cotton mills w;is increased by the
Georgia & Alabama Mining Company near Cave Spring, addition of 9,449 looms and 287,021 spindles, the improveGa., on the Company's line between Rome, Ga., and Annis- ments having an estimated value of $9,065,3i8.
ton, Ala., a branch line about six and one-half miles in
The total increase during the year in the capacity of actlength was under construction at the close of the year, and ive cotton mills tributary to this Company's lines was,
has since been completed. This branch was built under the therefore, 13,947 looms and 507,179 spindles, the additional
charter of the Ore Belt Railroad Company, substantially all capital invested being about $12,500,000.
of whose capital stock is owned by this company.
2l knitting mills began operations withestimited capital
of $594,000.
Extension of the Round Hill (Va.) Branch.
Iron and Steel Industbxes.
With a view of further developing the summer resort and
in operation during the year
were
put
There
other traffic of the Washington-Round Hill (Va.) branch,
A new steel mill at Ensley, Ala., capital $1,000,000.
that line has been extended a distance of about four miles
A new wire and rod mill at Ensley, Ala., capital $2,000,000.
to Bluemont, Va., a point in the Blue Ridge Mountains, and
An iron-pipe plant, North Birmingham, Ala., capital $175,the extension was opened for traffic on July 1, 1900.
000.
Consolidation of Baltimore Chesapeake & Richmond Steam14 pig-iron furnaces went into blast.
boat Company with Chesapeake Steamship Company.
Miscellaneous.
The Chesapeake Steamship Company, a corporation organized in January, 1900, under the laws of Maryland, has
449 miscellaneous industries were established and put in
purchased the property and franchises of the Baltimore operation during the year, among which may be mentioned
Chesapeake & Richmond Steamboat Company, all of whose 39 furniture factories, 3 J wood- working plants, 66 lumber
capital stock was owned by the Southern Railway Company. mills, 2i) cottonseed oil mills, 29 flour mills and 7 cannerie s
Pursuant to this consolidation the Southern Railway ComGENERAL REMARKS.
pany has received, and pledged under its First Consolidated
Mortgage, securities of the Chesapeake Steamship Company
been
one of unusual business activity and
has
year
The
in lieu of, and equal in amount to, those of the Baltimore growth in the territory reached by your Company's lines.
Chesapeake & Richmond Steamboat Company formerly
The iron and coal industries of the Southern States have
owned and so pledged, viz.:
been still further developed, and the large and modern steel
$250,000 of Capital Stock of Chesapeake Steamship Com- plant referred to in the last report has been completed and
pany.
put in successful operation at Ensley, Ala. It has now been
$250,000 of Certificates of Indebtedness of Chesapeake determined by the owners to add to this plant a mill for the
Steamship Company.
rolling of steel rails, an industry much needed for the full
In addition to the purchase of the Baltimore Chesapeake utilization of the products of Southern furnaces, and, if
& Richmond Steamboat Company's property, the Chesa- successfully maintained, of much possible benefit to the
peake Steamship Company has acquired two new steamers, railways of the Southern States.
the "Atlanta" and "Augusta," at a cost of about $555,000,
The improved price of cotton during the year as compared
to provide for which it has issued, and sold at par addi- with that of recent years has greatly benefited the entire
:
tional stock to the amount of $350,000 and Certificates of
Indebtedness to the amount of $204,800. Of the additional
stock thus issued the Southern Railway Company purchased
$150,000, par value, and of the certificates of indebtedness,
$53,200, par value, and has pledged the $150,000 of capital
stock as further security under the Company's First Consolidated Mortgage.
cotton-producing section, the surplus stock of previous years
having been consumed and the farmers fortunately having
received a full share of the advance.
As pointed out elsewhere, the development of cotton
manufactures in the South continues upon a steady and
substantial basis, and is contributing largely to the prosperity of that section of the country.
The increased business activity throughout the country
Reorganization and Operation of Kentucky & Indiana
Bridge Co.
during the y<?ar has resulted, however, iu a large increase in
The property and franchises of the Kentucky & Indiana the cost of the operations of the railways, both in labor and
Bridge Company, in which the Southern Railway Company in materials used, and unfortunately the railways were unhas, for some time past, been interested as a bondholder, able, like other consumers, to increase the average price of
were sold under foreclosure on January 18, 1900. A new the sole article which they have for sale— namely, transporcorporation has been formed by the purchasers, under the tation.
Other branches of business and industry can, when the
title of Kentucky & Indiana Bridge & Radroad Company, which, pursuant to the plan of reorganization, will cost of production increases, increase their prices to measurably correspond, but the average rates received by railissue its securities as follows in payment for the property:
make no advance, and as a rule
Capital Stock
$75,000 way companies practically
in times of increased cost of
even
diminish,
.First Consolidated Mortgage Four Per Cent Bonds
continue
to
1,000,000
.
2
:
September
.
THE CHRONICLE.
1, 1900. J
449
The average earnings of freight trains per mile run were
operation. The railways, therefore, in time of prosperity
must secure improved results, if at all, solely by the more $1*617 in 1900, compared with $1*464 in 1899. Increase 10*44
per cent.
economical handling of a greater volume of traffic.
Passenger Traffic.
the death of their lamented colleague, Mr. Charles H.
Coster, your directors have been deprived of a friend and
associate whose rare ability, sound judgment and wise
counsels have been of inestimable value to the Company.
Their deep regret at his loss and their appreciation of his
worth have been expressed in a minute upon the record of
the Board and a copy has been sent to Mr. Coster's family.
By
The accounts
of the
Company have been examined by
certified public accountants, Messrs. Patterson, Teele
nis, and their certificate is attached to this report.
&
Den-
Especial attention is directed to the General Manager's
and to the annexed tables, for statistics, details of
earnings and expenses, materials used, betterments made and
economies accomplished in the operation of the property.
The acknowledgments of the Board are due to all officers
and employes for the faithful discharge of their duties
during the year.
Respectfully submitted, by order of the Board,
SPENCER, President.
report,
SAMUEL
The passenger earnings increased $172,738
39, or 2*28
per
cent.
The number
of passengers carried increased 702,496, or
11-73 per cent.
The number
of passengers carried one mile decreased 10,-
446,105, or 3-07 per cent.
The average rate per passenger per mile was 2-349 cents,
as compared with 2226 cents in the previous year, an increase of 5*53 per cent.
The average distance traveled by passengers was 49*22
miles, as compared with 56*74 miles in the previous year, a
decrease of 13-25 per cent.
The average earnings of passenger trains per mile run
were $1*008 in 1900, compared with $1*033 in 1899, a decrease
of 2*44 per cent.
The decrease in the number of passengers carried one mile
(as against an increase of 11-73 per cent in the number of
passengers carried), and the increase in the average rate per
passenger per mile, are due to the long-distance movements
of a large number of United States Government troops in
1899 at reduced rates.
Conducting Transportation.
EXTRACTS FROM THE REPORT OF THE GENERAL
MANAGER.
MILES OF ROAD OPERATED.
The number of miles
The number of miles
of
of
road operated on June 30, 1899, was.. 5,958*68
road operated on June 30, 1900, was.. 6,431 -11
An increase of
A
472-43
=
statement of the roads operated on
June 30, 1900, is given in Table No. 19 in pamphlet
report. The details of the increase in miles operated
are as follows
expenses for "Conducting
Transportation increased
The
total
The total tonnage moved (including
Company's freight) in 1900 was
The total tonnage moved (including
Company's freight) in 1899 was
&
Danville Railway--Danville to
Ga
38-93
West Norfolk,
The number
of miles
trains in 1900 was
The number of miles
trains in 1899 was
964*36
1,3441
An increase
13531
1,028-38
The number
1900 was
The number
1899 was
Georgia
1,02106
Total
6,43111
Alabama
996 65
The average number of miles of road operated by the
Company in the year 1899-1900, including acquired roads
shown in foregoing table, was 6,30612, as compared with
5,377*50 miles in the previous year.
For purposes of proper
comparison, however, the statistics relating to Earnings and
Expenses as given below for the year ended June 30, 1899,
cover an average mileage of 6,221*81 miles, or substantially
the lines operated during the fiscal year just ended.
EARNING3 AND EXPENSES.
1900.
Burnings—
"eight
$
$
of Inc.
$
21.006.730 33 17,791.180 29 3,215,550 04 1807
7,7^7,454 11 7.564,715 72 172,738 39 2*28
1,327.80712 1,328,144 22
D. 337 10 D. 03
638,513 97
532,930 03 105,583 94 19*81
490,364 36
11,154 77 2*33
479,209 59
Passenger
Mail
Express...
Miscellaneous
tation
10,475,930 11
9,216,437 11 1,259,493 00 13*67
4,665,23120 3,947,943 58
4,635,35123 4,052,97130
1,007,143 46
962,0r0 78
1,047,790 86
947,442 99
717,287 62 18*17
582,379 93 14*37
45,062 68 4-6*?
100,347 87 10 59
Total Exp.<fc Taxes.. 21,831,446 86 19,126,87576 2/704,571 10 1414
Net Earnings from
era i n
9,369,423 03 8,569,30409
800,118 94 934
v?*?
Ratio ofJ 2
Expenses to
Earnings
69*98
6906
'92
COMPARISON OF STATISTICS.
Fbeight Traffic
The freight earnings increased
$3,215,550*04, or 18-07 per
cent.
The number of tons of freight carried increased 1,888,524
tons, or 16-14 per cent.
nu,n ^ er °f t° ns °f freight carried one mile increased
o-v?'^f
3,1, .39.238 tons, or 19-34 per cent.
The average length of haul of freight per ton was 168*82
miles in 1900 and 164*29 miles in 1899, an increase of 2*76 per
eent.
523,979or 5*66%
12,150,757
839,239 or 6*91%
run by
all trains in
of miles
run by
all
23,692,715
trains in
22,038,740
An increase
1,603,975 or
of
26,912,843
3,187,634 or 11*84%
of
An increase of
The average cost
7*26%
30,100,477
Ihe average number of tons carried per
train in 1900 was
The average number of tons carried per
train in 1899 was
203*33
18190
21-43 or 11*78%
of conducting trans-
portation per train mile in
1
900 was.
.
The average
cost of conducting transportation per train mile in 1899 was...
An increase of
44-22
cts.
41*72 "
2*50 "
or
5*99%
In the above computations mileage of mixed trains is considered as one fourth passenger service and three-fourths
freight.
To summarize:
The expense
for
conducting transportation increased
13-67 per cent.
of tons carried (including Company's maper cent.
The number of tons carried one mile (including Company's material) increased 19*50 per cent.
The number of passengers carried increased 11*73 per
cent.
The number of miles run by all trains increased 7*26 per
cent.
The gross earnings increased 12-65 per cent.
The average cost of conducting transportation per train
mile increased 5-99 per cant.
The average number of tons carried per train increased
11-78 per cent.
The gross earnings per train mile increased 5*91 per cent.
The number
terial) increased 17*33
MAINTENANCE OF PROPERTY.
'
ieaverage rate Perton er mile was 916 of a cent in
ioni
iwo, as compared with *925 Pof a cent in the previous year, a
decrease of about one per cent.
12,989,996
of
The number of miles run by locomotives
in 1900 was
The number of miles run by locomotives
in 1899 was
Total Earnings.... 31,200,869 89 27,696,179 85 3,504,690 04 12*65
Expenses—
Conducting TransporMaintenance of Way
apd Structures
Maintenance of Equip.
general Expenses
Taxes
9.263,164
of miles
An increase
Increase. Percent
11899.
9,787,143
run by passenger
The number of miles run by freight trains
in 1900 was
The number of miles run by freight trains
in 1899 was
Miles
291*77
647-19
Tennessee
Kentucky
run by passenger
Anincreaseof
lines of road are located as follows
Mississippi
430.970,177 or 19*50%
An increase of
472-43
2-27
1733%
2,641,271,338
1900 was
The total number of tons carried one
mile (including Company's freight) in
2,210,301,161
1899 was
15-81
ter, S. C
Carolina Midi and Rail way— Extension Cayce to Perry ,S.C. 31*12
Trackage Rights, Plant System—Yemassee, S, C, to Savannah, Ga
53-80
Trackage Rights, Charleston & Western Carolina Ry.—
Allendale Junotion to Yemassee, S C
34*70
Trackage Rights, Louisville & Nashville RR.—Extension
beyond depot at Middlesboro, Ky
'56
Trackage Rights. Atlantio Coast Line -Entrance to
*35
depot. Sumter, S. C
Net additions by reason of corrections in measurements.
*93
Dtisrlctof Columbia
Virginia
North Carolina
Sjuth Carolina
2.238,483 or
total number of tons carried one
mile (including Company's freight) in
Va., and Branches
282-42
Lookhart Railroad— Lookhart Junction to Lockhart, S. C. 13*81
Sumter & Wateree River RR.- -Sumter Junction to Sum-
The
13,203,541
The
.
\[ iles
Atlantlo
15,492,024
An increase of
detailed
Northeastern RR. of Georgla--Lula to Athens,
$1,259,493 or 13*67%
(a)
*
In
made
Way and
Structures.
respects considerable improvement has been
the physical condition of the property. The road-
many
in
Maintenance of
:
.
THE OHKONTCLE.
4^0
way and
structures bave been maintained at every point.
The total increase in the expense was $717,287 62, or 18-17
per cent, principally on account of renewals of and extraordinary repairs to buildings, bridges, tresties and culverts, increased renewals of cross-ties and new ballasting.
Steel Rails.— 32-13 tons of new 75-pound, and 27.485*52
tons of new 80-pound, a total of 27,517-65 tons, of steel rails,
were laid during the year.
Side-tracks. 97-59 miles of new side-tracks have been constructed during the year (51-23 miles for industrial plants),
and 57*34 mi es of side-tracks have been acquired with new
lines, while 13 -09 miles of side-tracks have been taken up,
making net increase in length of side-tracks 141-84 miles.
The total mileage of side-tracks at the end of this fiscal
year is 1,247-37, as compared with 1,105-53 previous year.
ANDREW S. PATTERSON, C. P.
ARTHUR W. TEELE, C P. A.
Cents.
Locomotives per mile.4-19
"
0-47
Freight Care "
" 083
Pasnenger Cars
Cents.
Cents.
Cents.
Cents.
Cents.
4-12
0-48
4-S9
0-47
094
085
5-58
0-53
1-07
5-66
0-77
1-16
5-60
0-73
1*35
TABLE
June
A.
RODNEY
Broad
30
New York, August 18. 1900.
To the Bondholders and Stockholders of the Southern Raihoay
Company
We
have made an examination of the books and accounts
Railway Company for the fiscal year ending
June 30, 1900, and hereby certifv that the Balance Sheet,
Income and Profit and Loss Accounts published herewith
are in accordance with the books, and in our opinion truthfully set forth the result of the year's operations and the
of the Southern
financial condition as at Jane 30, 1900.
In the course of our examination the records of the departments of revenue and expenses have been traced to original and authorized sources.
All charges to plant, construction or equipment accounts
have been especially considered and found to be correct.
The cash balances were verified either by actual count or
by certificates obtained from depositories or other custodians.
The securities of the Company have been verified, either
by actual count or by certificates of custodians.
Patterson, Teele
:
30, 1900,
Total to June ?0, 1899
!
Northeastern RR. of Georgia
OurreDt New Construction, Year 1899-1900
Sundry Adjustments
&
DnoriB,
Certified Public Accountants.
AND JUNE
30, 1899.
June
COST OF ROAD.
Southern Railway Pboperties
Viz
C P. A.
Street.
ASSETS.
$252,877,040 02
DENNIS,
Certified Public Accountants,
I.-COMPARATIVE BALANCE SHEET JUNE
30, 1899.
8.
JOHN WHITMORB,
FbanciS K. Roberts.
C p. a.
PATTERSON, TEELE & DENNIS,
Stuart H. Pattekson.
—
(b) Maintenance of Equipment:
The increase of $582,379 93, or 14-37 per cent, in expenses
for Maintenance of Equipment has further improved the
general average condition of the rolling stock.
The average expanse for repairs and renewals of eaoh
class of equipment per engine per mile, and per car per mile.
during the six years of the Company's operation, has been
as follows:
1894-5. 1895-6. 1896-7. 1897-8. 1898-9. 1899-00
[Vol. LXil.
30, 1900.
$253,832,997 02
$252,877,040 02
29t<,097 51
620,7$ 6 79
39,132 70
$253,832,997 02
Leasehold Estates.
20,473,934 38
(Per Contra "Outstanding Securities.")
24,507,409 69
Total Cost of Road
$273,350,974 40
$278,340,406 71
COST OF EQUIPMENT.
Equipment Owned
$10,881,556 95
$11,028,985 18
June
30, 1899
Received with N. E. RR. of
Viz.: Total to
New
$10,881,556 95
Ga
10,320 00
and Additional Equipment, Year lb99-1900.
137, 68 23i
$11,029,245 18
Less Sundry Adjustments.
260 <0
$11,028,985 18
Trust Equipment Received with Purchased Properties
Southern Railway Trust Equipment. (Per contra)
Equipment Leasehold Estates. (Per contra "Outstanding Securities.")
Viz North Carolina RR.
$105.000 00
1,625,751 00
1,086,179 86
Atlanta & Charlotte Air Line Ry
Georgia Midland Ry
South Carolina & Georgia RR
Augusta Southern RR
Mobile & Birmingham RR
Richmond
Atlantic
&
&
Equipment Other Lines.
3,640 CO
194.005 00
76.1.10 00;
475,682 68;
37,145 03
191,240 00
2,837 00
341,584 50
1
Mecklenburg RR...
Danville
\
1,625,751 00
1,675,996 29
1,423,644 21
Ry
$1,423,644 21
(Per contra.)
3,640 00
Total Cost of Equipment
13,597,127 81
15,758,016 68
Total Cost of Road and Equipment
$286,948,102 21
$294,098,423 39
COST OF SECURITIES PLEDGED OR HELD FOR CONTROL
$13,433,214
70<\000
6,224.5"4
182.750
Pledged under First Consolidated Mortgage (See Table 6)
Pledged under Memphis Division Firot Mortgage.
Pledged to secure Southern Ry. Certificates of Indebtedness
Bonds deposited under North Carolina RR. Lease
Securities in Treasury unpledged, held for control or as muniments of
06
OO
32
00
955.808 34
title, etc.
$13,544,927 40
70'»,f00 00
6,522,904 82
182,750 00
970,789 76
21,496,276 72
$408,444,378 93
$1,185,687 03
8,185 70;
21,921,37148
Total Cost of Road, Equipment and Securities Held for Control..
Material and Supplies on Hand (See Table 8 in pamphlet)
"
"
"
Leased Rail
$316,019,794 77
$2,091,511 72
110.709 34
2,202,221 06
1,193,872 73
$309,638,251 6f
TOTAL CAPITAL ASSETS.
$318,222,015 93
1,394,000 00 Southern Ry. Co. Consolidated Mortgage Bonds in Treasury.
1,647,962 4 2 Miscellaneous Securities Owned, in Treasury unpledged
15,000 00 SECURiTits Owned, deposited under oontraots
179.190 79 Bills Receivable— deferred but secured
3,515 f 6' Insurance Paid, Not Accrued
130,514 8i'sinking Funds— Uninvested Balances in hands of Trustees
1.276,0f0
2.169,305
12,000
1S6.235
8,609
109,'06
160.185
108,688
Insurance Fund, in hands of Trustees
Sundry Accounts
T
00
35
00
35
06
63
13
85
CURRENT ASSETS.
Cash in hands of Treasurer and in hands of Financial Agents.
Cash in transit from agencies
Due from Agents and Conductors
Due from United 8tates Post Offloe Department
Due from Connecting Lines
Due from Individuals and Companies.!"
Bills Receivable— current
$2,982,352 26
406,373 40
50', 56 79
332,94 8 02
556,017 S2
1,013.508 90
66,530 14
5,895,136 13
$318,903,571 67
TOTAL CURRENT ASSETS.
$3,507,430
470,961
555.107
340.618
582.501
58
12
23
03
33
1,035,' 0« 87
55,845 95
6.548.074 11
$328.750.8C0 41
September
TABLE
June
THE CHKONICLE.
1, 1900.]
I.— COMPARATIVE
BALANCE SHEET JUNE
AND JUNE
30, 1899-(Conoluded).
June
LIABILITIES.
30, 1899.
CAPITAL STOCK.
Common
f 120,000.000 00
Total
$180,000,000 00
103,932,300 00
$180,000,000 00
FUNDED DEBT
(see
OUTSTANDING
Table
104,970,200 00
4).
LEASEHOLD
OF
SECURITIES
ESTATES
(see
Table 5).
AtlaDta & Charlotte Air Line Ry
North Carolina KR
Georgia Midland By
South Carolina & Georgia RR
Austusta Southern RR
Mobile & Birmingham RR
Richmond & Mecklenburg RR...
Atlantio & Danville Ry
Sumter & Wateree River RR
$7,200,000 00
00
0'
1,650.0
5.250,000 00
40o,000 id
2,700,000 00
308,000 00
30, 1900.
$120,000,000 00
60,000,000 00
Preferred
60,000,000 Ob
4,0l>0.000
30, 1900,
451
$7,200,000 00
4,( 00,000 00
1,6'
000 00
5,250/ 00 00
400.000 00
2,700
00
31.* ,000 00
200
00
4,337
100,000 00
25,952,200 00
Total
21,508,000 00
EQUIPMENT NOTES OF OLD COMPANIES OR THEIR RECEIVER8.
$100.000
32.638
100,228
7,1.4
East Tennessee Virginia & Georgia Ry. Equipment Notes
•«
"
Memphis & Charleston RR.
"
"
South Carolina & Georgia RR.
'•
'•
Augusta Southern RR.
00
72
57
31
$62,500 00
8,159 68
63,23o 29
133,889 97
239,991 63
EQUIPMENT OBLIGATIONS OF SOUTHERN RAILWAY
Equipment obligations unmatured
CO.
1,675,996 29
(per contra)
CERTIFICATES OF INDEBTEDNESS.
Account purchase, Memphis Division
"
"
South Carolina & Georgia RR. Stock and Northern
Alabama Ry. Bonds and Stock
"
"
Carolina Midland Ry. Bunds and Stock and Seivern &
Knoxville RR. Stock
"
Extensions Carolina Midland Ry
$600,000 00
2.000,000 00
350,000 00
$200,000 00
1,600,000 00
116,666 67
1,000,000 00
2,916,666 67
Total
2,950,000 00
UNPAID BALANCE OF PURCHASE PRICE OF NORTHEASTERN
OF GEORGIA
RR,
207,000 00
MORTGAGES ON REAL ESTATE.
$50,000 00
Va
Norfolk.
Washington, D. C
8,o0u 00
Total
58,000 00
EQUIPMENT OTHER
Roswell RR
$3,640 00
$3,640 00
3,640 00
Total
3,640 00
$308,691,931 63
LINES.
TOTAL CAPITAL, FUNDED AND LIEN LIABILITIES.
$315,859,592 93
Reserves—
For Maintenance of Way
For Maintenance of Equipment
$301,336 7»
646,4 1* 69
683,083 95
$323,619 68
290,31136
747,645 33
Miscellaneous
1,530,872 42
Total
22,208 69 Sundry Accounts
597,465 36 Interest and Rentals Accrued,
1,361,576 37
52.590 66
Not Due
58^,460 25
350,085 26
287,82167 Taxes Accrued, Not Due.
Reserve for Dividend No. 4, I per cent on Preferred Stock, payable in
ootober, 1899, and for Dividend No. 6, l 1^ per cent, on Preferred Stock
600,000 00
payable in Ootober, 1900
900,000 00
CURRENT
LIABILITIES.
and Rentals Due and Unpaid, including amount due July 1, 1900.
Audited Vouchers (including new construction and newequipment)
Unpaid Wages, including June Pay Rolls
$1.9<1 9.531 68
1,252,970
923,63»
30,113
398.217
Interest
8o
17
20
24
Foreign Freight Claims; Authorities Issued
Due Connecting Line?
292,2c6 8b
Due
4,806.708 02
2,366,563 88
Individuals and Companies
TOTAL CURRENT LIABILITIES.
PROFIT AND LOSS (see Tables
$1,909.067 27
2,048,393 35
1,114,111 60
35,667 03
391.533 11
631,040 76,129,813 08
2
and
3.510,701 86
3)
$398.750,8v0 41
$318,903,571 67
TABLE
2.—INCOME ACCOUNT FOR
YEAR ENDED JUNE
30, 1900,
COMPARED WITH YEAR ENDED JUNE
CREDIT.
1899.
30, 1899.
1900.
BY GROSS EARNINGS:
$7,083,253 14
16.09i»,2>-3 28
1,261,421 57
605,4 9 II
404,248 97
Passenger
$7,737.454
21,006,730
1,327,807
638.513
4b0,364
Freight
Mall
Express
Miscellaneous
$25,353,686 07
$6,12* 00
97,298 62
$31,200,869 89
& Lenoir Bonds
Dividends on A'abama Great Southern Stock
Dividends on Norfolk & Carolina and Georgia Southern & Florida
Stocks and Interest and Dividends on Ala. Steel & Shipbuilding Co.
Bonds and stock
Interest on U. 8. Government bonds
Interest on Northern Alabama Bonds
Dividends onBirmingham Southt-rn Stock
Interest and Dividends on Hartwell RR. Bonds
Interest on Atlantic & Yadkin Bonds
2,550 00
7,050 41
8,166 67
1,944 80
$100.0=15 19
and Stock
BY MISCELLANEOUS INCOME FROM OTHER SOURCES:
Net Income from Congresses and Other Property
Earnings from shepherd's Ferry, Alexandria, Va.
Net amount received in adjustment of earnings of Atlamio & Yadkin
Ry. accruing prior to date of purohase and delivery of the prop-
4,283 39
14,211 23
erty
$6,125 00
97,084 13
117,541 50
Miscellaneous
209,920 00
12
97
36
BY INCOME FROM INVESTMENTS:
Interest on Chester
8%784 50
11
33
5,100
18,171
28.806
2,0l0
00
67
78
00
1,588 80
276,417 88
$28,910 85
13,476 75
118,549 81
42,387 60
$25,682.15* 8*
$31,519,675 37
:
,
.
O
.
1
THE CHRONICLE.
452
Table 2.—INCOME ACCOUNT FOR YEAR ENDED JUNE
[Vol, LX3I.
COMPARED WITH YEAR ENDED JUNE
30, 1900,
30,
U 99- (Concluded.)
DEBIT.
1899.
1900.
TO OPERATING EXPENSES AND TAXESMaintenance of Way aiid Structures..
13,597,261 37
3,792.304 16
8,296,428 45
Maintenance of Equipment
Conducting Transportation
General Expenses
Taxes
814.53174
855,829 65
$17,356,355 37
$4,665,231
4,635,351
10,475,930
1,007,143
1,047,790
,
20
28
11
46
86
121,831,446 88
TO FIXED CHARGES, INCLUDING RENTALSMtge.—
$28,639000
So. Ry. 1st <^ons.
12mos., $1,431,950,5
June 11th
1,396,000
$1,406,950
225,000
203,320
6,000
00
00, 12
00,12 "
00, 12
"
52,000 00,12
"
Account purchase
359,820
168,4*0
41,683
41,000
20,000
22,500
9,0(0
151,860
99,875
35,000
00,
00,
33,
00,
00,
00,
CO,
00,
CO,
00,
120,01 00,
218,610 tO,
155,300 00,
lm.
12
12
12
12
12
12
12
12
12
12
12
12
638,500(0, 12
60,000 00, 12
120.000 00. 12
339 600 01', 12
20,740 00, 12
36,000 00, 12
114,000 CO, 12
66,000 00, 12
38,000 OO, 12
88,750 00, 12
65,500 00, 12
242,950 00, 12
35,300 00, 12
266,000(0, 12
20,000 °0, 12
297,500 00, 12
45,000 00, 12
102,000 00, 12
4,000 00. 12
40.000 CO, 12
1,050 00, 12
S. C.
&
225,010(0
203,320 00
12 mos., $4,500,000, 5
12 mos., 5,083,000,4
12 mos.,
150,000,4
Aiken Branch 1st Mtge
Oeitiflcates of Indebtedness —
Account of Memphis Div
6.C00 00
12 mos.,
6
28,000 OO
12 mos.,
5
91,055 55
12 mos.,
5
15dys.,
12 mos.,
12 mos.
.12 mos.,
12 mos..
12 mos.,
12 mos.,
4
5,997,000, 6
3,368,000, 5
3,222 22
),666 66
359,820 00
168,400 00
35,450 00
41,000 00
20,000 00
22,500 00
9,000 0<
151,860 00
99,875 00
35,000 00
120,000 00
218,610 00
1 55,300 <
638,500 00
60,000 Oi
120,000 00
339,600 0<
14,860 00
36,000 00
114,000 00
66,000 00
38,000 00
88,750 00
65.P00 00
242.950 00
35.300 00
266,000 00
20,000 00
297.E00 00
41,250 00
102,000 00
4.000 00
40,000 00
1,050 00
G. and
No. Ala. Securities
13,055 55, 1 m. 17d,
2,090 27,
$1,435,440 00
E. T. Reorganization Mtge
Memphis Division let Mtge
irios.
p.O.
3,490, 5
to 30th,
Account purchase Car. Mid. and
&
S.
13d.
irios.
"
"
"
"
R
W.
O.
Eq.
R. Y.
"
"
"
E. Securities
Account Extension Car Mid
Mtee
&D. 1st Cods.
"
Debenture
8.
F-
"
"
"
& W. 1st
R. &0. 1st
2d
& O. 1st
W.N. Cist Cons.
C. C. & A. 1st Ext.
2d
C. & G. 1st
E. T. V. &G. 1st
A. T.
"
"
"
"
"
"
"
"
"
"
"
"
"
"
'*
"
"
"
"
"
1st
Cons.
Ala. Cent. 1 st
K. & O. 1st
Ga. Pac. i st
Eq.
S.
Va. Mid. Serial
"
"
"
"
"
"
"
"
12 mos.,
12 mos.,
12 mos.,
12m08.,
12 mos.,
12 mos.,
12 mos.,
12 mos.,
'•
"
"
F.
A.
B
O
"
"
"
E
F
"
D
.12 mos.,
12 mos.,
12moF,,
12 mos.,
12 mos,
12 mos.,
"
"
General
& R. RR. Rental
North Carolina RR. Rental
A. & 0. A. L. 1st Mtge. Pref..
'«
C.
"
"
"
"
12mos.,
12 mos.,
12 mos.,
12 mos.,
12 mos.,
12 mos.,
'*
"
12 mos.,
12 mos.,
Mtge
*Ineome Extended
12 mos.,
1st
Stock
Organization
"
"
12 mos.
12 mos.,
12 mos.,
12 mos.,
12 mos.,
Exp
1st Mtge
Athens Belt Line Rental..
Wil. & Wei RR. and Norfolk
S.
&C.
U.
6,207,252 80
$21,982 62
1.500 93
544 68
5
4ifl
6
6
5
7
6
7
5
ft
6
6
6
5
6
6
1,100,000,6
950,000, 4
1,775,0C0, 5
1,310,000, 5
4,859,000, 5
500,000,
4,250,000,
750,000,
1,700,000,
4
7
4
6
1,000,000, 4
69,498 64
6,022 56
6,125 00
49,500 00
12,600 00
287.083 33
60.000 00
87,000 00
105,85 3 34
12 mos.,
6 mos., 21 dys.
7 mos.,
12 mos., 1,650,000, 3
12 mos.,
12 mos
12 mos., 1,500,000, 4
12 mos.,
10 mos.,
Chas.
Chas.
49,500 00, 12
8,4 00 00, 8
47,083 33, 2
15,000 00, 3
26,000 00, 4
5
4
& Carolina RR —
Trackage & Real Estate Rental
& Savannah Ry. Trackage
& West. Car. Ry Traokage
Georgia Midland Ry. 1st Mtge
Rich. & Meek. RR. Rental
South. Car. & Ga. RR. Rental
Atlantic & Yadkin 1st Mtge
Mobile & Bir. RR. Rental
Atlantio & Danv. RR. Rental
68,915 32, 12
697,000,
1,025,000,
400,000,
500,000,
150,000,
2,531,000,
1,P97,.E 00.
500,000,
2,000,000,
3,123,000,
3,106,000,
12,770,000,
1 ,000,000,
2.000,000,
5,660 000,
282,000,
600.000,
1,900,000,
1
,
6,755,442 SO
TO OTHER DEDUCTIONS FROM INCOMEMiscellaneous Interest and Commissions
R. & M. RR. Traffic Contract
$13,022 53
2,512 18
Miscellaneous
24,028 23
15,534 71
TO DIVIDENDS—
Dividend No. 5 on Preferred Stock
$60,000,000, \^
Dividend No. 6 on Preferred Stock, payable in
October, 1900, but reserved out of Income for
fiscal year ended June 30, 1900
60,000,000, 1*8
2,094,519 48
30, 1900.
$3,546,126 16
35,424 30
Miscellaneous Debits
Credit Balance carried forward
June
30,
1900
TABLE! 4.—FUNDED DEBT JUNE
PrinClasses of Bonds.
$3,510,701 86
Interest.
30, 1900,
AND
Amount
1899.
Outstanding.
cipal
Due. Due.
Bate.
P. Ct.
June 30,
June 30,
1900.
1899.
Southern Ry.:
$
$
1st Cons. Mcrt. Bonds.. 1994 J -J
5
(31,311,000 * 30,033.000
"EastTenn." Reorg. M. 1938 M- S
5
4,500.00(
4,500.000
Memphis Div. IstM
1996 J - J 4-4*2-5
5,083,000
5.083,000
Memphis Div. 2d Mort
(owned by So. Ry. Co. 1996 A-0
5
1,500.000
1,500,000
Aiken Branch 1st Mort. 1998 J - J
4
150.OU0
150,000
Richmond & Danv'le RR.:
1915
Consol. Mort. Gold
J J
6
0,997,000
5.997,000
Debet ture Mortgage... 1927 A-O
3,3t8.00c
5
3.3G8.O0O
Equip. Sinkir g Fund M. Var. M- S
5
697,000
802,000
Ohio
West.
BR:
Wash.
&
1924 F -A
4
1,025,000
1,025,000
Richmond York River &
Chesapeake RR
1910 J - J
5
400,600
400.000
4^3
1910 M-N
.
2d Mortgage ...
500,000
500,000
AtlantioTenn.A OhioRR.:
1913 A-0
6
150,000
150,000
West. No. Carolina RR
1914 T - J
2.B31.000
1st Consolidated Mort.
6
2.R31.O0O
:
900,000 00
1,800,000 00
1,117,25150
$3 1,6 19.675 37
Interest.
Prin
Balance at Credit of this Aooount June 30, 1899..
$2,366,563 88
Add : Credit Balance of Income Account for year
ended June 30, 1900
1,117,25150
Miscellaneous Credits
62,310 78
Deduct:
"
9 months at 6 per cent, 3 months at 4 per cent.
AND LOSS YEAR ENDED JUNE
3.— PROFIT
$900,060 00
BALANCE CARRIED TO CREDIT OF PROFIT AND LOSS FOR
THE YEAR
$25,682,155 88
TABLE
"
Classes of Bonds.
cipat
Bate.
P. Ct.
Due. Due.
Charlotte Col. & Aug.RR.:
1909 J - J
1st Extended Mort
Amount
June
Outstanding.
30,
!
JuneSQ,
1899.
1900.
$
5
7
190:; A.2d Mortgage
Columbia & Greenv. RR.:
1916 J - J
1st Mortgage
EastTenn. Va. & Ga. Ry.:
1900 J -J
1st Mortgage
19.J
1st Mottgage
Consolidated Mortgage. 1956 M-
7
5
5
1,997,500:
1,997.500
500,000
500 000
2,000,000
J. 000,000
3,123,000
3.106,000
12,770,0.0
3.123.00O
3,106.000
12,770,000
Alabama Central RR.:
1st
Mortgage
Georgia PaoifioRR.:
1st Mortgage
Equip. 8lDking Fund
Knoxville & Ohio RR.:
IstMortgage
Spartanb. Un, & Col. RR.:
IstMortgage
Virginia Midland Ry.:
M
F.
General Mortgage
Charlottesville & Rapl
dan RR. 1st Mort
Atlantio & Yadkin Ry.:
-
J
6
F-A
,000,000
1.000.C00
1
5,660,000
282,000
5.560.000
402,000
1925 J
-J
2.000,000
2,000,000
1995 J
-
1,000,000
1.0C0.000
M
M
M
M
M
M-
1949
J
6
6
Q
4
600,000,
1,900,000
1,100,0001
600.000
1,900 000
1,100.0(0
;>.-,(t,000
950,000
M-N
5
1,775,0001
1.310.000!
5
4,859,000
,775,000
1,310.000
4.359.0C0
- J
6
325,700
340.8CO
A-0
4
1,500,000
1,500.000
1913 J
IstMortgage
t
1922 J
1900
1911
1916
1921
1926
1931
1936
E.'.":
*
- J
Var.
Serial Mort., Series A...
"
"
"
B..
"
><
"
C...
"
"
"
D.
Total as per Bal'noe Sheet
1918 J
5
S
1
.
.
1
104.970 200 103.93?.?00
Including $1,394,000 free in Company's treasury, June 30, 18W.
"
»
1900.
"
"
1,276,000
:
September
THE CHRONICLE.
1, 1900. J
Principal
Due.
Due. Rate.
Atlanta & Charl'te Air L. Ry.:
1st viort. Preference Bonds 1907 A-0
1907 J - J
1st Mortgage Bonds
•Inoome Mort. Bonds, Ext. 1907 A-O
M-8
4
7
4
6
ERN RAILWAY
June
30,
1900.
*
500,000
30,
899.
$
750,000
1,700,000
500,000
4,250.000
750,000
1,700,OCO
7,200,000
7,200,000
4,000,000
4.000,000
4,250,000
J - J
Georgia Midland Rv.:
A-O
M-N
3
1,650,000
1,650,000
5
5,250,000
5,250,000
1924 J- D
Sumter & Wateree River RR.:
1919 A-O
1st Mortgage Bonds
Mobile & Birmingham RR.:
1945 I - J
1945 J - J
5
400,000
400,000
5
100,000
5
600,000
l,200,0u0
900,000
600,000
1,200,000
900,000
2,700,000
2,700,000
308,000
1st mortgage Bonds
Georgia RR.:
So. Carolina
&
1946
1919
Augusta Southern RR.:
J-D
Richm'nd & Mecklenb'rg RR.
1st
&
AND BY
1948
4
Railroad Bonds—
Alabama Central RR. Co
Danville & Western Ry. Co
Elberton Air Line RR. Co
High holnt R. A. & So. RR. Co
No. Carolina Midland RR.Co
June 30, 1900.
Par Value.
Income Bonds and
Scrip.
1st Mtge. 5 p. o.
1st Mtge. 7 p. c.
Piedmont RR. Co
„
Piedmont RR. Co
So. Ry. Co. In Kentucky
Western North Carolina RR. Co
Washington Ohio & Western RR. Oo
Yadkin RR. Oo
1,238,000
3,099,200
Chesapeake Steamship Co
998,i;00
4,337,200
Total other Securities.
Other Securities—
«•
25,95^,200 21,508,000
$1,725,000
4,540,050
1,111,300
$8,374,550
5
Payment of prinoipal extended from April 1, 1900. to January 1,
1907. and interest reduced from six to four per cent per annum. Of
the $750,000 outstanding, $744,000 had been thus extended on June
30, 1900.
Class "A."
Class "B."
Total Stocks
J
Total as per Balance Sheet.
c.
c.
c.
o.
—
Railroad Stocks
Alabama Great So. Ry. Co., Limited
" "
•«
•«
Knoxville & Ohio RR.Co
Southern Ry. Co. in Kentuoky
315,000
-
c.
c.
c.
o.
o.
$1,355,275
1.051,000
150,000
402,000
801,000
500.000
500.000
3,000.000
200,000
1,3 45,000
221,000
615.000
$10,120,275
4
1950 J
1st Mtge. 6 p.
lft Mtge. 6 p.
1st Mtge. 6 p.
2d Mtge. 6 p.
1st Mtge. 5 p.
1st Mtge. 5 p.
1st Mtge. 6 p.
1st Mtge 4 p.
1st Mtge. 6 p.
Total Bonds
M-N
Danville Ry.:
Mortgage Bonds
IT
Name of Secukitt.
June
J
CO.,
So. Ry. Co. in Mississippi
North Carolina RR.:
Atlantic
ITS
Amount Outstanding.
P. Ol.
OWNED BY 80UTH
PLEDGED UNDER
FIRST CONSOLIDATED MORTGAGE
DEED-JUNE 30, 1900.
Table 6.—STATEMENT OF SECURITIES
Table 5.—OUTSTANDING SECURITIES OF LEASEHOLD
ESTATES.
In'erest.
453
"
Certificate of Indebtedness.
" ....Capital Stock
Total Bonds, Stocks
$250,000
400,000
$650,000
and other Securities
$19,144,825
*
REPUBLIC IRON
FIRST
Book Valuation, as per Balance Sheet
& STEEL COMPANY.
ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE
Executive Offices,
Chicago Stock Exchange Building
Chicago, August 21st, 1900.
30,
1900.
Northern Furnaces with coke from our own ovens as soon
as additional ovens are erected.
I
To the Stockholders of the Republic iron & Steel Company :
Your directors herewith beg to submit to you their report
and statement of accounts for the fiscal period ending June
30, 1900.
CONDITION OF PLANTS.
The various plants taken over by this Company have, with
but few exceptions, been in full operation since the organization of this Company. A great deal of money has been
spent at many of our plants to improve their physical condition, and generally our plants have been greatly improved
since they were taken over. These expenditures, however,
have been charged to operating expenses and form no part
of the " New Construction Account " in the balance sheet.
NEW CONSTRUCTION AND
$13,544,927
ACQUISITIONS.
The Bessemer Steel Plant, which we have been erecting
at our Brown-Bonnell Works, Youngstown, Ohio, has recently been completed. Its present capacity is 600 tons per
day, but as soon as the new billet mill is completed this
plant will have a daily capacity of 1 ,000 tons.
are now
enabled to supply our Mills with steel from this Plant, and are
placed in a much more independent position than we were
during the past year. The Plant is equipped with all modern
labor-saving appliances to produce steel at the lowest pos-
We
sible cost.
We have opened up coal mines on the Pioneer property, at
Sayreton and Warner, Alabama, and are also erecting an
additional Blast Furnace on this property at Thomas, Alabama, which will be completed towards the end of this year.
This Furnace, when completed, will be the most modern and
best-equipped Blast Furnace in the South.
We are also erecting additional coke ovens at Thomas,
Alabama, to supply this Furnace with coke. When these
improvements are completed we will have a group of three
well-equipped Blast Furnaces and 850 coke ovens at this
THE OUTPUT.
The principal articles manufactured by the company are
Merchant Bar Iron and Steel, Bessemer, Foundry and Mill
Pig- Iron. In addition thereto our output comprises a con siderable tonnage of nuts, bolts, washers, rivets, cut nails,
railroad and boat spikes, cold-drawn shafting, turn buckles,
car axles, forgings, angles, tees, harrow teeth, channels,
_ra il s splice bars, frog fillings, rail fastenhexagons, small
ings, special shapes for bicycle makers and for builders of
The ancars, implements, carriages, wagons and bridges.
nual capacity of finished material exceeds one million tons.
T
>
PROFITS AND DIVIDENDS.
to the large amount of finished material which had
been contracted to be manufactured by the constituent
companies at low prices for delivery during the last half of
lb99, prior to the time the plants were turned over to this
company, we did not receive the full benefit of the high
prices ruling during the first six months after the organization of the Company; nevertheless, the net profits of the
Company, after deducting all expenses, and allowing for depreciation, were $3,643,728 92. Of this amount $1,421,679 00
has been paid by way of dividends on the preference shares
of the Company, leaving a net surplus of $2,222,049 92.
The value of raw and finished materials and supplies in
the balance sheet has been arrived at by reducing the cost
thereof to the present ruling prices, which are lower than
the prices at the close of the fiscal period (June 30th) and
are on a safe and conservative basis. The deductions for
Owing
,
shrinkage and depreciation have been made under the
supervision of the Executive Committee.
From the annexed balance sheet it will appear that the
current assets of the Company on June 30th amounted to
$8,892,031 35 and the current liabilities to $1,379,278 67,
leaving (after payment of dividends) an excess of current
assets over current liabilities of $7,512,752 68.
paint.
LIABILITIES.
Of the
26,000 acres of land comprising the Pioneer property in Alabama, 14,000 acres are underlaid with coal
which makes an excellent quality of coke, and is also a firstclass steam coal; 10,000 acres are underlaid with a fine
quality of brown ore and red ore, and the balance of the
property consists of limestone quarries, town-site and adjacent ground. The Pioneer property has sufficient ore, coal
and limestone to supply several furnaces for many years.
have acquired during the past year an interest in the
Mahoning Ore
Steel Company's ore property on the
Missaba Range in Minnesota, and also a one-half interest in
the Union Ore Company's property on this range (a highgrade Bessemer ore). This, in addition to the ore properties
originally acquired by this company, insures us a full supply
of lake ores for our mixture in making Bessemer pig-iron at
We
The company has no bonds outstanding and no mortgages
or liens of any description on any of its properties, except
the deferred payments ($214,000, payable in six annual instalments) on the Connellsville coal lands acquired since
its organization.
have no "Bills Payable," and the "Current Accounts
Payable" shown in the balance sheet have all since been
discharged.
We
INSURANCE.
&
our Northern Furnaces.
We have also purchased 550 acres of additional coal lands
in the Connellsville region, and will be able to supply our
of the Company are protected by fire insurance, the officers and employes occupying positions of trust
are under surety bonds, and the Company carries a safe line
of accident policies.
The plants
THE FUTURE.
During the coming year the Company will be in a
posi-
tion to concentrate its operations in the plants offering the
THE CHRONICLE.
454
efficiency and cheapness of
location nearest the
geographical
well
to
as
production, as
markets of consumption. It will also have the benefit of its
new steel plant, new blast furnace and new coke ovens, as
well as of the new mines opened.
The expenses of the Company will also be greatly reduced,
the work having now been so systematized as to require a
much smaller clerical force.
invite your attention to the annexed balance sheet
and profit and loss account, certified by the Audit Com
most favorable conditions as to
We
pany
For
of
New York.
the
Board
R. S. Warner, Esq.,
President of the Republic Iron
Chicago,
A.
S.
Thomas
30, 1900.
LIST
Beal Estate, Plants, Buildings, Machinery and other
$41,142,251 58
Permanent Investments
New Construction, including New Steel Plant at
Youngstown, opening of new Coal Mines and work
1,218,203 44
on new Blast Furnace at Birmingham
547,200 00
cost
in
companies
at
Stock
sundrv
New Gas Pipe Lines and prepaid Gas Leases, prepaid
116,73057
Insurance, Royalties, etc
Inventories of Raw and Finished Materials and Sup4,132,730 01
plies at market value
3,008,968 75
Accounts and Bills Receivable
1,203,132 59
Cash on hand
$51,369,216 94
LIABILITIES.
Capital Stock issued—
Preferred
$20,852,000 00
545, I 00 00 $20,306,900 00
Less in Treasury
...$27,352,000 00
161,000 00
27,191,000 00 $47,497,900 00
1,023,907 92
Current Accounts Payable
Preference dividend No. 4 (paid July 2,
1900)
Deferred Instalments on purchase of
Coal I ands, payable in six annual
355,370 75
Fur-
3,643,728 92
1,421,679 00
Preferred Stock
2,222,049 92
$51,369,2'. 6
Obe Properties.
Location
Designation.
Cambria Mine (Marquette Range)
Negaunee, Mich.
Lillie Miue (Marquette Range)
Negaunee, Mien.
Franklin Mine (Missabe Range)
Virgin a, Minn.
Besst-mer Mine (Missabe Range)
Virginia, Minn.
Victoria Mine (Missabe Range)
Virginia, Minn.,
Mahouiug Ore & Steel [4-50th Int (Missabe Range)... Hibbing, Minn»'
Virginia, Minn.
Union Ore Co. [1 2 Int ] (Missabe Range)
Raimund Mine (on Pioneer Property).
Near Birmingham, Ala.
Spaulding viine (on Pioneer Property)
Near Birmingham, Ala.
Gothite Mine (on Pioneer Property)
Near Birmingham. Ala.
Coke Properties.
Nicholson, Pa.
Connellsville Coke Works
Pioneer Coke Ovens
Thomas, Ala.
Coal Properties.
Springfield Mine
Springfield. Til.
Sayreton Mine (on Pioneer Property)
Near Birmingham, Ala.
Warner Mine (on Pioneer Property)
Near Birmiignam, Ala.
Nicholson, Pa.
Woodside Mine (Connellsville District)
Limestone Properties.
Croton Limestone Works
Newcastle, Pa.
Dale Limestone Works (on Pioneer Property).. Near Birmingham, Ala.
Lowellvilie, O.
Union Limestone Works (l-6th Int )
Blast Furnaces.
Thomas, Ala.
Pioneer No. 1
Thomas, Ala.
Pioneer No. 2
Thomas, Ala.
Pioneer No. 3 (being constructed)
.
]
New
94
PROFIT AND LOSS ACCOUNT FOR THE FISCAL PERIOD
30, 1900.
Profits from the business of the Company after deducting all expenses, exotpting repairs, renewals »nd possible loss in collection of Outstanding Acoounts and
Bills Receivable
$5,684,100 87
Less amount expended for Improvements,
Benewals and Repaits and Deduotion for
Depreciation of elants
$893,013 89
Youngstown, O.
Haselton
Hall
Sharon, Pa.
Steel Plants.
Youngstown, 0*
Columbia Heights MinnBirmingham, Ala.
Railroads and Docks.
Sharon Connecting RR
Madison County BeltRR
Mahoning & Shenango Dock
(1
alonhand
1,097,358 06
Alexandria Works
able
$3,643,728 92
first fiscal
period
1,421,679 00
Net 8urplus after providing for Dividends on preferred stock
Swift
New
$2,222,049 92
& Co.— Bonds Offered.—The American Trust &
Leach
&
Co.,
SavChicago and
York, offer by advertisement on another page, at 1<»23^
interest, $1,000,( 00 of the company's first mortgage gold
5s, dated July 1, 1900, doe Jaly 1,1914, optional after July 1,
1910.
Principal and semiannual interest (Jaimary and
and
July) payable at the National Bank of the Republic, New
York City, or at the office of the trustee, the American Trust
Savings Bank, Chicago. The company's bond issue is
$5,000,00u and its capital stock $20,000,01 0. Of the $5,000,COO
bonds, about half have been subscribed for by the stockholders of the company at 102^ and interest. Tne bonds are secured by an absolute first mortgage on the packing and refrigerating plants, including machinery and appurtenances
of Swift & Company, this loan of $5,000,000 being the total
bonded indebtedness of the company. An estimate of the re
duplication value of the company's plants is given as more
than |11,000,000. The company has paid cash aividends ever
since its organization, said dividends being never less than 6
per cent per annum, at the present time the rate being 7 per
cent per annum; the total dividends paid to July 2, 1900, aggregate $14,482,931. The net earnings for the year 1899,
&
Mahoninsr Valley Works...
New Albany Works
50,000 00 2,040,371 95
Net profits for the 14 months
Dividends on Preferred Stock declared during
& 8teel Works
Birmingham Roiling Mill Works...
Brown Bonnell Works
Central Woiks
Corns Works
Cleveland Works
Easrle Works
Indiana Woiks
Inland Works
Leetonia Works
Atlantic Iron
Mitchell-Tranter Works
Reserve for popsible loss in collection of
Outstanding Accounts and Bills Receiv-
9th
Int.)
Sharon, Pa.
Alexandria. Ind.
Ashtabula, O.
Rolling Mills.
Marion Works
Minnesota Works
Munoie Works
Amount deducted from Ledger values for
depreciation in Raw and Finished Materi-
ings Bank, Chicago, and Farson,
Castle, Pa.
....Youngstown, O.
..
Alabama Woiks
Andrews Works
ENDING JUNE
Greene, Manager.
Bessemer Steel Plant
Minnesota Open-Hearth Sfrel Plant
Birmingham Open-Hearth Steel Plant
and Loss Accounts-
Net Profits for the fiscal period (14
Montbs) ending une 30, 1900, per
account annexed
Less Seven Per Cent Dividend on
York,
OF PROPERTIES OPERATED AND OWNED OR CON
TROLLED BY REPUBLIC IRON & STEEL COMPANY.
55,988 35
naces, eto
New
Western Manager,
Howell, Western Secretary.
Hannah
214,000 00
Re-lining
L.
Atlantic
payments
Reserve for Taxes,
W. Dunning,
Attest:
ASSETS.
Common
ac-
Approved:
Warner,
F. J.
BALANCE SHEET JUNE
III.
counts of the Republic Iron & Steel Company for the fiscal
period (14 months) ending June 30, 1900, and in accordance therewith certify that the foregoing statements of
Profit and Loss Account and the General Balance Sheet are
true exhibits of the results of the operation of the company
for said fiscal period, and of its condition as of June 30, 1900,
as shown by said books and accounts.
The Audit Company of
President.
Less in Treasury
& Steel Company,
D*ar Sir:— We have made an audit of the books and
of Directors,
Randolph
Profit
[Vol. LXXI.
Sharon Works
Sylvan Works
Works
Toledo Works
Tudor Works
Terre Haute Works
* abash Works
Westerman Works
Wetherald Works
Springfi-ld
Alexandria. Ind-
Birmingham. AlaYourgstown, O-
New
Castle, Ind-
Birrulneuam, Ala-
Youngstown,
O.
Brazil, Ind.
Massiilon, O.
Cleveland, O.
Ironton. O.
Muncie, Ind.
E.Chicago,
Ind.
Leetonla, O.
Youngstown, O.
Marlon, Ind.
Columbia Heights. Minn.
Muncie, Ind.
Covington, Ky.
New Albany, Ind.
Sharon, P*.
Molina, UL
SpringfleH. 111.
Toledo, O.
E. St Louh»,Ill.
Terre Haute, Ind.
Terre Haute, Ind.
Marion, Ii d.
Frankion. Ind.
after deductions providing for depreciation, repairs, taxes,
interest and insurance, were $2,152,174. See last report in V.
70, p. 174.— V. 70, p. 1167.
United States Cast Jron Pipe & Foundry Co.— To Pass
We are informed that for good business reasons,
in which the public have but little interest, it is deemed conservative action to suspend dividends for the time being. The
directors have therefore decided to pass the fourth quarterly
dividend of \% per cent on |the $12,5^0,000 of preferred
stock.— V. 71, p. 88.
Dividend.
—
— For
September investments Messrs. Redmond, Ktrr &
list of high-grade bonds and guarTheir advertisement will be found on page
anteed stocks.
Co. offer for sale a st-lected
viii.
—
The Farmers' Loan & Trust Company will pay dividends
on a number of securities, list of which will be found in another column.
Winslow, Lanier & Co. will pay dividends on a number
of securities, list of wbich will be found in another column.
— N. W. Harris & Co. will pay dmoends on a number of
securities, list of which will be found in another column.
—
.
September
c
THE CHRONICLE.
1, 1900.]
455
COTTON.
%\tt (frommzxtml <pmjes.
Friday Night, August 31, 1900.
The Movement of the Chop, as indioated by our telegrams
from the South to-night, is given below. For the week ending
Friday Night, August 31, 1900.
evening the total receipts have reaohed 21,261 bales,
this
commercial
circles
in
has
undergone
situation
The businees
no radical changes. For the week trading has been quieter against 8,115 bales last week and 3,012 bales the previous
as the close of the month being at hand and the near ap- week.
proach of a holiday, which in some trades will extend from
COMMERCIAL EPITOME.
Friday night until Tuesday morning, has had a tpndency to
hold buyers in check. Confidence in the future prospect for
business appeared to be fairly general, and a fair average
demand is expected during the remainder of the year. Considerable attention is being given to the situation of the coal
market and the prospects of developing an export business
to Europe. Reports from the iron and steel markets have
been fairly f ncouragiDg, reporting an improvement in demand, with prices showing a better undertone. Crop news
from the West and Southwest has baen generally favorable,
bat from the Southern Atlantic and Galf States it has been
of a conflicting character.
Lard on the spot has been decidedly lees active, both exporters and refiners being slow buyers, and prices have declined under moderately free offerings. The close was quiet
at710c. for prim-5 Western and 6-6jc for prime City. Refined lard has had only a small sale and prices have weakened to 730c. for refined for the Continent. Speculation in
lard for future delivery has been quiet, and owing to increasing receipts of swine prices have declined. Close was quiet.
DAILY CLOSING PRICES OF LAUD FUTURES.
Hon.
Sat.
Wed.
Tuts.
Thurt,
7-10
Fri.
7-05
710
7-10
715
7 10
August
for
pork has continued quiet, but
Business in the market
prices have held about steady, closing at $1V@13 for old
mess and $12 75@13 50 for new mess, $15@15 50 for family and
$13 50@15 50 for short clear. Cut meats have sold slowly,
and the tendency of prices has been in buyers' favor, closing
at 6J£c. for City shoulders, 8%@\0}4c. for pickled bellies,
14@10 lbs. average, and 10@lu%c. for pickled hams. Beef
has been unchanged and steady at |9>@9 50 for mess, $10@11
for packet, $10 50@11 50 for family and $14 25@16 50; for
extra India mess in tcs. Tallow has been without changes
and quiet at 4 7-16c. Oleo stearine has had abetter sale,
closing firmer at 7%c. Lard stearine has held steady at
about 8c. Cotton-seed oil has been quiet and prices have
weakened to 343^@35c. for prime yellow. Butter has continued firm for desirable grades, and prices have advanced
slightly, closing at 18@22c. for creamery.
Cheese has been
quiet, but prices have held about steadv, ranging from
o%@lOJ^c. for State factory, full cream. Fresh eggs have
been firm and higher for choice stock, closing at 17@17>£c. for
choice Western.
Brazil grades of coffee have received slightly increased attention, there being some improvement in the distributing
business, and prices have been steadier.
railroad strike in
Santos caused a temporary check in the receipts. Brazil
markets have been firmer. The close was quiet at 8^c. for
Rio No. 7. West India growths have had only a small sale,
but values have held steady at lOJ^c. for good Cucuta. East
India growths have been in fair demand and firm. Speculation in the market for contracts has been moderately active.
There has been some buying for European account and prices
A
have advanced slightly. The close was easier, reflecting
weaker foreign advices. Final asking prices were
:
Dec
7-70c
7-55o. March
°ot
Jan
7 -75a
7-60o April
Nov
Feb
7-800.
7-650.1 May
Raw sugars have been firm; offerings have continued small,
owing to scarcity; prices have been unchanged at 4% c. for
8«pt
7-30o.
7-350.
7-450.
I
I
I
centrifugals, 96 deg. test,
and
4J^o. for muscovado, 89-deg.
test.
Refined sugar has been in active demand and prices
have been advanced 5 points, to 6-15c. for granulated. Other
at—
Receipts
Mon.
Sat.
Oalveston
Wed.
Tuts.
TKurs.
Fri.
Total.
1,139
1,115
1,133
1,384
994
1,154
6,919
337
20
1,518
435
494
287
181
3
2,828
5,586
8
232
882
616
1,028
2,220
1,521
1,021
7,031
118
114
408
74
1.124
2
59
120
197
271
185
331
2
111
16
95
193
281
322
201
97
1,108
Bab. Past, &o.
New Orleans...
125
Pensaoola, dco.
•
625
Brunsw'k.&c.
79
Charleston.....
Pt. Royal.Ao.
Wilmington....
943
Wash'ton.&o.
N'p't
News, &o.
97
New York
Boston
Baltimore
*c.
40
week
2,315
PMladel'a,
Tot. this
3,594
3,707
493
24
12
493
64
6.494
24,261
12
'
3,280
4.871
The following shows the week's total reoeipts,the total since
and the stock to-night, compared with last year,
Sept.l , 1899,
1899-1900.
Receipts to
Aug. 31.
1898-1899.
Since Sep,
1, 1899.
This
week.
This
week.
Stock.
Since Sep
1, 1898.
1900.
1899.
Galveston...
6,919
27,737
3,634
24,603
8ab.P.,&o
New Orleans
Mobile
5,586
11,409
1,338
3,104
12.233
34,714
4,529
126,405
8,290
9,152
17,338
882
P'saoola.&c.
Savannah...
Br'wlok.&o.
7,031
Charleston..
P. Royal. &o.
1,124
2
3,722
2,789
9,315
Wilmington.
Waeh'n, Ac
943
1,692
3,094
10,464
1,108
97
1,738
3,227
15,143
12
36
742
22,637
2,500
493
64
580
1,086
150,821
4,000
3,000
4,581
24,261
64.831
87,862
374,675
500
Norfolk....
N'portN.,Ae
New
York...
Boston
Baltimore
.
Philadel.&o.
Totals
715
BOO
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.
at—
Receipts
Galvee'n.&o.
New Orleans
Mobile
6,919
5,586
Savannah...
7,031
1,126
1897.
1898.
1899.
1900.
22.144
20,167
469
4,809
1,566
1,108
27.737
11,409
1,338
12,233
3,722
1,692
1,738
N. News, Ac.
All others...
97
569
4,962
1,345
414
128
79
495
wk.
24,261
64,831
32,250
50,271
882
Ohas'ton, &o.
Wilm'ton, &c
943
Norfolk
19,196
5,237
1896.
355
3,813
952
190
1,132
1895.
42,357
27,537
3,428
20,648
10,200
6,179
5,684
193
3,575
6,515
664
444
116,890
15,093
329
3,431
677
35
16
71
,
groceries have been unchanged.
Kentucky tobacco has been firm on the unfavorable crop
news. Seed leaf tobacco has been fairly active and firmer.
Sales for the week were 3,480 cases, as follows
1,400 cases
1899 crop, New England Havana, 15@60c; 550 cases 1899
crop. New England seed, 22@50c; 450 cases 1899 crop, flats,
13@18c; 300 cases 1899 crop. Zimmers, private terms; 150
cases 1893 crop, Zimmers, 14%@l5%c; 100 cases 1899 crop,
Wisconsin Havana, private terms; lbO cases 1898 crop, Wisconsin Havana, ll%(a>12%c. 100 cases 1899 crop Pcnn. Havana
seed, private terms; 200 cases 1899 crop Pennsylvania seed
leaf, private terms, and 100 cqses 1898 crop, Pennsylvania
seed leaf, 12c: also 650 bales Havana at 40c.@$l 00 in bond
and 175 bales Sumatra at 8-Jc.@$l 75 in bond.
Straits tin has declined but at the close there was some recovery, rt fleeting stronger foreign advices, and on some improvement in demand closing at 30-80@31-20c. Ingot copper
has been quiet but steady at 16%c. for Lake. Lead has been
advanced, closing steady at 4-37^c. for domestic. Spelter
quiet but steady at 4-10@4-15c.for domestic. Pig-iron in fair
demand and steady, closing at $i3@17 for domestic,
petrol- um has been steady, closing at 8-05-. in
vv?
bbls., 5 50c. in bulk and 9-85c. in cases.
Naphtha unchanged
at 9 -55c. Crude certificates have been neglected. Credit
balances have been unchanged at $ I 25. Spirits turpentine
has been dull and easier, closing flat at 36@3ft^c. Ronns
have weakened slightly, closing dull at $1^50 for common
and good strained. Wool has been dull and prices have ruled
in buyers' favor. Hop3 in fairly
active demand and firm.
:
Tot. this
Since Sept. 1
The exports for the week ending this evening reach a total
which 7,251 were to Great Britain, 2,206
to Franoe and 2,647 to the rest of the Continent. Below
of 12,104 bales, of
are the exports for the
Exvorti
from—
sinoe Sept.
Week Endlnt Aug. 31 .1900.
Exported to—
Great
;
week and
France
Brit'n.
»»••••
•••••.
Mobile
Pensaoola
••••••
.....
Savannah
Aug.
Exported to—
Sept. 1, 1899, to
Great
Conti- lotal
franc
nent. Week. Britain.
476
4.501
•••••
••••••
4,026
Sab. Pass, Ac.
New Orleans..
From
142
1,642
••••••
••••••
••....
••••••
•••••
.•••••
•»•••.
>••••.
1,500
Branswlok....
.
*••••
••••
• a
• a
aaaa
•••a..
aaa. aa
a
•*•••
•
••••a
a*
•
•«••
.aa.a
•
,
.•••••
*•••••
a a a • • •
WUmlnjrton...
Norfolk
N'Dort N.,
••«••*
*••••
•••*•
•••.•
a • • a
.....
*!••».
••••••
115
..*...
-
2,492
706
889
*••••
2,029
*••••
......
•••«••
•
7,251
2,208
2,647
12.104
15 707
2.0f0
20.P41
37 841
Baltimore
Philadelphia..
.
a .
. . .
.
80
...
a
>
a a
....a
aaaaa*
•••••«
*••
.
a a a a a a
»•••..
•
•
• •
Charleston....
Port Royal....
Ac
1, 1899.
a • •
*•
••«•
415
5,227
a . a a
..
289
so
••••
San Fran., Ac.
Total. 1898-99.
*"""
OontU
nmt.
31, 1800.
lot mi.
.
''
"
.
'
1
THE CHRONICLE.
466
In addition to above exports, our telegrams to-night also
give us the following amounts of ootton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert Barrows, Produce Exohange Building.
We
FUTUBES,
Vol. LX2I.
— Ihe
highest, lowest and closing prices of
are shown in the following table.
New York
Futures at
9
S
>
&
OH SHIPBOARD, MOT CLEARED FOR—
T
Ltatint
Aug. 31 at
Qreat
Other
Britain. trance. Foreign
New Orleans...
2,055
Galveston
None.
None.
None.
None.
None.
700
1,000
Charleston.....
Mobile
Norfolk
Other ports....
None.
None.
None.
None.
None.
None.
None.
None.
Ooattvoiie.
7
203
None.
None.
None.
1,667
None.
None.
None.
None.
None.
800
None.
1,000
None.
None.
ttook.
Total.
1
3,769
30,945
CO
203
None.
None.
None.
3,431
9,152
2,789
4,529
2,227
CO
1,000
1,500
1,000
O
Total 1899.
Total 1898...
.
None.
2,467
1,210
7,472
80,390
8,991
8,748
2,145
17,083
9,017
6,023
3,050
34,242
21,290
340,433
154,836
475
UPLANDS.
Sat.
Good Ordinary.
Mod Tues Wed
Low Middling..
8 9 ie
8»i«
8 9 ie
93, e
Middling
» 3 16
93, 6
958
9'°ie
9»8
9' 6 ie
Good
Middling..
Middling Fair...
1038
GULF.
Good Ordinary.
8i3i e
Low Middling..
9 7 ie
Middling.,
Middling Fair..
Middling...
9 78
TM„ Frl.
8'3 Jf
97, e
9 78
813,6
97, 6
1088
9 78
103 16
lOBs
Sat.
ITIou
Tnei Wed Th.
Frl.
8H
8H
93, 6
938
988
93,6
938
10«f>
Middling
Strict Middling
Good Middling Tinged.
>
9%
9
8i3 ie
9'ie
I03 ie
1058
103, a
STAINED.
813 H
103, e
10»e
9 8
Good
8"w
8 9 ie
8»ie
958
«15 U
1038
Frl.
93 le
93, 6
93,6
9»8
9»8
9%
915 U »13 16 9 6 ie
1038
1038
1038
Mon Toes Wed
97, b
9 78
7
Middling
Low
1038
Sat.
Tfe,
103, 6
8*4
93,6
938
9=8
103 lP
1088
93, 6
9»8
9»8
8»4
93,6
938
988
31 for
8H
9%
938
for middling upland at New York on
eaoh of the past 82 years have been as follows.
1900....0. 96a
1899
1898
1897
1896
1895
1894
1893
63, e
53«
8
V
83
1892. ...0. 7*8
1891
838
1890
1889
11
llifl
1884....0.10i5, 8 1876....o.ll 78
1883
10*8
1875
14&8
1216 16 1874
1882
16 78
1881
.13
1873...... 20*8
1880
12
1872
22
12i«
1879
1938
1871
93 16
1878
19 78
123,8
1870
7°8
1877
11
35
1869
105,e
MARKET AND SALES.
The total sales of ootton on the spot eaoh day during the
week are indicated in the following statement. For the
convenience of the reader we also add oolumns which show
at a glance how the market for spots and futures olosed on
same days.
e
ie
67e
1888
1887
1886
1885
Spot Market
Olobbd.
111,6
9 78
Futures
Market
Globed.
Sales of Spot
& Oontbaoi
Ex-
Oon-
Con-
port.
sump.
tract.
Id
9
I
0000
00
to
to
01
to to
.
Monday
Dull at
Dull
Quiet
Tuesday
Wednesday Quiet
Thursday Dull
. .
&
&
*«
.
Total.
dec.
Steady
500
steady
steady.
1,600
1,600
600
121
600
235
4,000
4,235
426
6,200
7,126
12'i
.
Dull
570
"id
B'rly steady.
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as made up oy
and telegraph, is as follows. Continental stocks, as well
as those for Great Britain and the afloat, are this week's returns, and consequently all European figures are brought down
to Thursday evening. But to make the total the complete
figures for to-night (Aug. 31), we add the item of exports from
the United States, including in it the exports of Friday only,
The Visible [supply of Cotton to-mgnt,
sable
1898.
1897.
1899.
1900.
Stock at Liverpool
bales. 272,000
890,000 790,000 487,000
5,000
3,000
Stock at London
10,000
9,000
Total Great Britain stock." 282,000 899,000 79r«,000 490,000
Stock at Hamburg
20,000
19,000
18,000
32,000
Stock at Bremen
74,000
58,000 184,000 152,000
Stock at Amsterdam.... ......
1,000
1,000
3,000
300
200
Stock at Rotterdam
200
200
9,000
2,000
Stook at Antwerp
4,000
3,000
8took at Havre
140,000
82,000
73,000 161,000
6.000
4,000
5,000
Stook at Marseilles
3,000
57,000
53,000
Stock at Barcelona
94,000
65,000
32,000
27,000
Stook at Genoa
14,000
25,000
14,000
19,000
25,000
Stook at Trieste
6,000
Total Continental stocks
240,200 5S4.200 429,300 282,200
Total European stocks
522,200 1,433,200 1,224,300 772,200
20,000
41.000
23,000
37,000
India ootton afloat for Europe
72,000
36,000
Amer ootton afloat for E' rope.
31,000
54,000
T
13,000
14,000
Egypt, Brazll,<fec, aflt.for E pe
11,000
12,000
36,997
Stock in United States ports..
87,862 374,675 176,126
44,-54
242,785
101,730
49,890
Stock in U. 8. interior towns..
3.674
7.755
10,204
7,043
United States exports to-day..
744,959 2,149,864 1^631,911 982,761
Total visible supply
Of the above, totals of American and other descriptions are as follows
American189,000 816,000 710,000
210,000 465,000 367,000
54,000
72,000
31.000
American afloat for Europe...
87,862 374,675 176,126
United States stook
44 854 242,785 101,730
United States interior stooks.
7.755
10,20
7,043
United States exports to-day..
569,759 1,902.664 1.434.611
Total American
East Indian. Brazil, die—
74,000
80,000
83,000
Liverpool stook
5,000
10,000
9,000
Londonstook
62,300
69,200
Continental stooks
30,200
41,000
23,000
37,000
India afloat for Europe
13,000
11.000
12,000
Egypt, Brazil, Ac, afloat.
175.200 187,200 197,300
Total East India, <ko
Liverpool stook
Continental stooks
Total
Total
Middling
Middling
bales.
American
569.7r>9 1,962,664 1.434,611
744,959 2,149,at>4 l,631.yil
visible supply
376,000
217,000
36,009
86,997
49,890
3.674
769,561
111.00*
3,000
65,200
20,000
14,000
213,200
769.561
932,761
3^ 32 d.
4 3 j'id.
52^ a d.
3" S3 d.
Upland, Liverpool..
5iSi60.
9°80.
7 »8e.
Upland, New York..
6^0.
5'i«d.
5°8d.
6»fld.
Egypt Good Brown, Liverpool
6'
6»4d.
77, «d.
6 Vi.
Peruv. Rough Good, Liverpool
8 d.
315. od.
39 lft d.
41 sod
Broach Fine, Liverpool
5»i 6 d.
3o
53
4^(J.
Tiimevelly Good, Liverpool.
1(i d.
3&i b d.
3 ;«i.
have
The imports into Continental ports the past week
been 21,000 bales.
The above figures indicate a decrease in the cotton in
sight to-night of 1,404,905 bales aa compared with the same
date of 1899, a loss of »86,953 bales from the corresponding
date of 1898 and a decline of 237,802 bales from 1897.
.
Saturday
'
-o ©
o©
a
to to
coco
00
19
COCO
§
0000
'
.
The quotations
Aug.
to
0000
COCO
toot
Speculation in cotton for future delivery has been only
moderately active and the undertone has been unsettled,
owiDg to the conflicting character of the crop advices. The
Bnrf an report was less favorable than expected, reporting
further deterioration, whereas an improvement was expected
as a result of the recent needed rainfall in the cotton belt
east of the Mississippi River, particularly as nearly all the
private advices have reported the crop outlook east of the
Mississippi as more promising. Both public and private advices r ave agreed in reporting the crop prospects in Texas as
favor&ble. The movement of new-crop cotton has shown a
modei ate increase as compared with last week, but it is still
much smaller than last year. Advices from the South, however, report offerings of cotton increasing, and shippers
state that a moderate business has been transacted with Manchester, Havre and Bremen for October-November shipment.
Business with domestic spinners, however, has been small;
as r« fleeting the poor outlook for the cotton goods trade,
they have been slow to make purchases on the present basis of values. Statistically the position of the
market has continued strong, and in the Liverpool
market August contracts went out with something of a
squeeze. Reports from India report crop prospects more favorable, with indications pointing to a crop about 2,0ro,000
bales larger than last year. Latest reports from Egypt give
promise of an average crop, To-day there was an irregular
market. During the early trading prices advanced a few
points, reflecting stronger foreign advices; reacted under
scattered selling, prompted by generally favorable weather
conditions in the cotton belt; but toward the close again
rallied on local shorts buying to cover contracts over the
holiday. Pinal prices, however, were again easier, and 1 to 2
points lower for the day, exclusive of September, which was
11 points higher, and October 1 point higher. Cotton on the
spot has been quiet, closing at 9%c. for middling uplands.
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few of the
erades would be as follows:
CO
tsto
«B©
CO
to
21,137
6,180
3,795
COW
id
8
if
Total 1900...
'
w
•
September
'
.
'
THE CHRONICLE
1, 1900.J
At the Interior Towns the movement—that 1b the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1898-99— ia set ont in detail below.
457
—
Quotations for Middling Cotton at Other Markets.
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each dav of the week.
Week ending
Aug. 31.
0LO8INQ QUOTATIONS FOB MIDDLING COTTON
Satur.
Galveston...
•
1
10
o
.
co;
M
:
**:
i
*>-
to!
05
•
*>•
i
>-
:
:
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'
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CO'
coo
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*&.
to
^OOWW-
<i to
H« If. -4
-t<OCO>
f
5°:
CCOS-^'
•"•
If-
o »i
M © CO
oa
<i#*w
•
<l 10 OB CO -1 *-
95,8
959
9*4
9»«
/rrt.
914
9i«
8*«
Mobile
...
8avannah...
9
9
9
9
9
Bifl
9
9
9
8 '8
8*8
9
8'8
9
Charleston..
91,6
8 78
Wilmington.
Norfolk
9i«
9*3
958
9V
938
9V
969
9k*
9V*
9%
8%
9»4
9%
....
.
9\
9\
Philadelphia
Augusta.....
9 9
Memphis....
99
St. Louis....
99,6
9*3
9>*
Olnoinnatl..
lf-0303
If.
eojo
93s
94*
Thurt.
93}
Houston.
;
9»«
Wednes.
9\
Baltimore
I
Tuet.
New Orleans
Boston..
•
Hon.
ON—
9 78
93ie
i«
9 78
9
9*8
91,e
99,fl
9*4
9»*
934
9»
9 78
8
9» M
9»ia
9»ia
9i4
9**
968
9a>9i le
2>
w
9H
9ifl
9%
914
913
934
8?8
988
934
9?8
9»8
%>
2?u
914
9i«
98s
9%
9%
New cotton.
Weather Reports by Telegraph.— Oar telegraphic
Louisville...
*
TO
ad-
from the South this eveniEg indicate that the weather
has been more favorable as a rule during the week. The
drought would seem to have been broken quite generally, rain
having fallen along the Atlantic and also in districts of the
Grulf States, Texas, Arkansas and Tennessee, where needed,
and benefiting the plant.
Some complaints of damage
from the drought come from the Carolinas, but our correspondents at Little Rock and Memphis report the crop
greatly improved, and from Selma we are advised that the
rain will prove very beneficial.
Picking is becoming general
vices
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*
in the earlier sections.
Galveston, Texas.—
have had showers on three days of
the week, the precipitation reaching twenty-nine hundredths
of an inch. The thermometer has averaged 83, the highest
being 89 and the lowest 77.
^oiZene, Texas.—
have had showers on three days during the week, the precipitation reaching eighty-one hundredths of an inch. The thermometer,has averaged 82, ranging from 64 to 1,00.
Brenham, Texas.— There has been rain on two days during
the week, the rainfall reaching twenty seven hundredths of
an inch. The thermometer has ranged from 71 to 93, averag6
We
COtO
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05.
ing 82.
M©*kCo«q. ©aocnos'-'co
p, W CO *. CO if.
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cnMCO-jMCoeno3en©5.-ocotocooo>coi^.enen
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Corpus Christi, Texas.— There has been no rain the past
Average thermometer 82, highest 88 and lowest 76.
Cuero, Texas.— Ram has fallen on two days of the week,
to the extent of eighty-eight hundredths of an inch. The
thermometer has averaged 83, the highest being 96 and the
99 Bo
week.
mS?
W © m to «3 en m#»
The above totals snow tnat tne interior stocks nave de- lowest 70.
creased dnring the week 80 bales, and are to-night 197,931
Dallas, Texas. — We have had rain on one day during the
bales less than at same period last year.
week, the precipitation reaching forty-four hundredths of an
Overland Movement por the Week and Since Sept. 1.— inch. The thermometer has averaged 82, ranging from 65
We give below a statement showing the overland movement to 97.
for the week and since Sept. 1, as made np from telegraphic
Henrietta, Texas.— We have had dry weather all the week.
reports Friday night.
The results for the week ending The thermometer has ranged from 65 to 105, averaging 82.
Aug. 31 and since Sept. 1 in the last two years are as follows,
Huntsville, Texas.— There has been rain on three days of
i
CO
!
05 to
if-
]
|
1898-1899.
1899-1900.
August 31.
Week.
Since
Sept.
Week.
1.
Since
Sept.
1
Shipped—
Via Rock Island
3,865
3,285
436
469
"l32
691
26
178
498
4,637
5,054
569
1,029
,,.
Via Olnoinnatl
Deduct shipments—
Overland to M. Y., Boston,
&c.
211
Leaving total net overland*..
We
816
1,029
3,821
4,025
movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 8,821 bales, against 4,025 bales for the
Inducting
week
in 1899.
In Sight and Spinners'
Taktngs.
Reoeipts at ports to Aug. 31
Net overland to Aug. 31
Southern consumption to Aug. 31
Total marketed
Week.
Game
into sight during week.
Total in sight Aug. 31
Since
Sept.
Week.
1.
24,261
3,821
28,000
64,831
4,025
56,082
*80
94,856
5,675
56,002
100,531
Interior stocks in excess
Since
Sept.
1.
26,000
North'n spinners tak'gs to Aug.31
Decrease during week.
Jute Butts, Bagging, Etc.— The demand for jute bagging
has been only moderate during the past week, but at unprices,
viz.:
1%c. for
standard grades.
1%
lbs.
and
8c. for 2 lbs.,
Car-load lots of standard brands are quoted
at 8@8J4c, f.o.b., according to quality. Jute butts continue
dull and nominal at l%c. for paper quality and 2%c. for
bagging quality,
67 to 94.
We
1898-1899.
1899-1900.
changed
We
We
247
*
the pa*t week, the rainfall being five inches and forty hundredths
Average thermometer 83. highest 98, lowest 67.
Longview, Texas.—
have had rain on two days of the
past week, the precipitation reaching forty-seven hundredths
of an inch. The thermometer has averaged 83, the highest
being 98 and the lowest 68.
Paris, lexas.— It has been dry all the week. The thermometer has averaged 84, ranging from 66 to 101.
San Antonio, Texas.— We have had rain on two days cf the
week. The rainfall reached eighty-seven hundredths of an
inch. The thermometer has ranged from 74 to 96, averaging 85.
Temple, Texas.—
have had rain on two days during the
week, the rainfall being eighty-two hundreds of an inch.
Average thermometer 78, highest 96, lowest 59.
New Orleans, Louisiana.—
have had rain on five days
of the week, the precipitation being one inch and thirty-two
hundreths. The thermometer has averaged 82.
Slireveport, Louisiana,— We have had rain on four days of
the week, the rainfall being two inches and thirty-eight hundredths. The thermometer has averaged 81, ranging from
new
crop.
Columbus, Mississippi.—
hear a few complaints of shedding. There has been rain on one day during the week, the
rainfall reaching twelve hundredths of an inch. The thermometer has ranged from 74 to 98, averaging 86.
Leland, Mississippi.—
have had rain during the week,
the precipitation being thirty-six hundredths of an inch.
We
Average thermometer
77, highest 89,
— We have
the week. The weather
warm.
Little Rock, Arkansas. —Crops are
have had
Greenville, Mississippi.
lowest
65.
had good rain during
is
greatly improved. We
showers on five days during the week, the rainfall
being two inches and eighty-eight hundredths. The thermometer has ranged from 64 to 91, averaging 77.
Helena, Arkansas.—The first bale of new Arkansas cotton
was received here on Tuesday the 28th. Rainfall for the
week one inch and ninety-nine hundredths on three days.
Avf rage thermometer 15-7, highest yi and lowest 65.
Memphis, Tennessee.—The condition of cotton is considerably improved.
We have had rain on three days of the
week, to the extent of twenty eight hundredths here, but
heavier in the immediate neighborhood. The thermometer
has averaged 77 -8, the highest being 91 and the lowest 65.
—
THE CHRONICLE.
468
Mobile, Alabama.—The cotton crop is making fair progress.
Picking is becoming general. We have had rain on three
days during the week, to the extent of sixteen hundredths
of an inch. The thermometer has ranged from 70 to 90, averaging hi.
Montgomery, Alabama.— Picking is becoming general. We
have had rain on five days of the past week, the precipitation being one inch and forty hundredths. Average thermometer 83, highest 92 and lowest 75.
Selma, Alabama.—The rain of the past week will prove
very beneficial to cotton. There has been rain on four days
of the week, the precipitation reaching two inches and
twenty five hundredths. The thermometer has averaged 79,
lhe highest being 90 and the lowest 67.
Savannah, Georgia. - We have had rain on two days during the week, to the extent of fifty hundredths of an inch.
The thermometer has ranged from 71 to 95, averaging 82.
Augusta, Georgia. We have had rain on four uays of the
past week, the precipitation being four inches and S9venteenhundredths. Average thermometer 82, highest 96 and low-
—
est 69.
Charleston, South Carolina.— Rainfall for the week three
hundredths of an inch, on two days. The thermometer has
averaged 84, the highest being 94 and the lowest 73.
Greenwood, South Carolina.— Some claim that the rain
came too late to do good to cotton and that the crop will be
have bad rain on two
ten per cent less than last year.
days of the week, the precipitation reachiog seventy-two
hundredths of an inch. The thermometer has ranged from
70 to 90, averaging 80.
Charlotte, North Carolina. More rain is needed for late
have
cotton early co' ton can hardly ba benefited now.
had rain on one day of the week, the rainfall being ninetyseven hundredths of an inch. The thermometer has averaged 81, the highest being 94 and the lowest 68.
Weldon, North Carolina —There has been rain on two
days of the week, to the extent of one inch and forty-eight
We
—
We
;
hundredths. Cotton is claimed to have been damage! some
by the drought. The thermometer has averaged 81, ranging
from 68 to 97.
Manchester Market.— Oar report received by cable
to-night from Manchester states that the market has been
dull but steady for yarns and flat for shirtings. The demand Jrom India is improving. We give the prices for
to-day below and have those for previous weeks of this and
last year for comparison.
lbs. Shirt- Oott'n
Oop.
common Mid. 32s
Twist.
32* Oop. ings,
Twist.
d.
8*s 99
98 T8
8
8*8 98 78
T»8'8
8
98 7s
8
" 3l8ifl 98?8
J'y27
Aug. 3
•• 10
u 17
" 24
d.
5
4
s.
97
d.
8
5 3 ®7 7i«
5 4 97 9
5 3^97 9
5 3 97 8
5 3 97 10
lbs. Shirt- Oott'n
ings,
JTplds
to finest.
s.
8H
d.
d.
8.
5»4
513, 6 -811 16 4
57 lft 513,6-6U 16 4
7
4
51»S3 5 8
4
5 l9 39 5 78
5lli. 5i6 ie-6l3 16 4
96%
®6%
523~ 2 6
tte^e
common
4
d.
a.
3^3>7
4 97
4^37
d.
d.
Us
338
338
315 S 2
2
2
41*97 2
5
Vol. LXXI.
the past week have been
m.
Wtdnts. Thurs.
Satur.
ifon.
Tuts.
Llverp'l,LateSepe,
25
30
30
Havre.
Bremen, Sept
45
45
45950
37*«
37»a-40 37ifl-40 37ifl-40 37^-40
c.
6.
Hamburg
Amsterdam
.c.
..c.
Do
Do
40
35
45
40 3*45
35
45
30
40945
Reval, v.Br-Hamc.
45
45
40
35
45
e.
30
6 32 d.
45950 45950 45950
45
35
35
40
c.
Rotterdam
45
40
35
45
40
40
50
v. Hull...o.
v. St. Pet.e.
Genoa
c.
Trieste, asked... e.
Antwerp
e.
40
45
35
42
Ghent, v.Antw'p.c.
36^
Quotations are cents per 100 lba.
* And 5 per cent
40945 40*45 45950
40
45
35
42
40
45
45
45
35
35
42
42
or fractions of a penny per lb.
—
Liverpool. By oable from Liverpool we have the follows
ing statement of the week's sales, stooks, &c, at that port.
Aug.
Sales of the
week
bales.
exporters took...
Of which
Of which speculators took.
Sales Amerioan..
Actual export
Forwarded....
Total stock— Estimated
Of which Amerioan— Est'd.
Total import of the week
Of which Amerioan
Amount afloat
Of whioh Amerioan
10.
Aug.
17,000
1,100
17.
Aug.
20,000
1,200
24.
20,000
1,400
Aug.
31.
20,000
12,000
mmmmmt
500
500
300
15,000
3,000
27,000
315,000
221,000
42,000
31,000
59,000
50,000
16,000
4.000
30,000
310,000
218,000
29,000
27,000
49,000
37,000
15,000
8,000
32,000
306,000
217,000
36,000
2 >,000
32,000
25,000
16,000
3,000
46,000
276,000
189,000
14,000
11,000
31,000
21,000
The tone of the Liverpool market for spots and futures
each day of the week ending Aug. 31 and the daily dosing
have been as follows.
prices of spot cotton,
Sat'day.
Spot.
Market,
1
easier.
Mid. Upl'ds.
5»ie
Spec.
& exp.
Monday. Tuesday. Wed'day. Thursd'y Friday.
Dull and
1:45 P. M.J
97
5^97
2»*
3
1:45 p. k.
Mid.
TJpldi
to finest.
d.
New York
Cotton freights at
as follows.
Market,
8H
I
Very
Quiet.
doing.
5"32
5>a
2,000
Quiet.
little
Quiet and Irregular.
firm.
558
523 32
523 3a
3,000
2,000
4,000
4,000
2,000
300
200
400
400
200
Futures.
1899.
1900.
d.
.
.
»''l«
3i
316 3 *
3"
Market,
4 P.M.
(
5
{
25,000 hands.
Government Weekly Cotton Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made |public on Tuesday the telegraphic reports on
the crop in the Southern States for the week ending Aug. 27,
@
Steady.
Quiet.
Steady.
Steady
at
Steady
at
2-64 decline.
3-64 ad-
Quiet.
Feverish.
Steady.
vance.
The prioes of futures at Liverpool for each day are given
oelow. Prioes are on the basis of Uplands, Low Middling
clause, unless otherwise stated,
The prices are given in pence and Q4.ths Thus : 4 63 means
4 63-64d., and 5 01 means 5 l-64d.
Cotton Crop Circular. — Oar Annual Cotton Crop Review
wages of operatives in that city 10 per cent. The cut, if
made, will go into effect September 17, and will effect over
@
J
ITlon.
Sat.
Tues.
Wed. Tliars. Frl.
Aug. 25. Aug. 27. Aug. 28. Aug. 29. Aug. SO. Aug. 31.
will be ready in circular form about Thursday, September 6,
Parties desiring the circular in quantities, with their business
card printed tnereon, should send in their orders as soon as
possible, to ensure early delivery.
New England Mill Situation.— It is reported from Fall
River that at a meeting of the Manufacturers' Association
held yesterday an agreement was reached to reduce the
Easy at Steady ai Steady at Steady at
2-64
3-64 partially 2-64
3 64 1-64 <o> 2-64
1-64 adv. advance. advance.
decline.
\2H 1 1:45 4 1:45 4 1:45 4 1:45 4 1:45 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d.
d.
5 23 5 21 5
Aug.-Sept... 5 06 5 04 5
3ept.-0ct.... 4 53 4 52 4
4 44 4 42 4
Oot.-Nov
Nov.-Deo... 4 39 4 88 4
Deo.-Jan.... 4 36 4 3*> 4
Jan.-Feb.... 4 34 4 33 4
Feb.-Moh... 4 33 4 32 4
M oh. -April.. 4 32 431 4
4 30 4 30 4
April- May
May- lune. 4 30 4 29 4
August
.
d.
d.
d.
d.
d.
20 5 21 5 24 5 2S
04 505 5 08 5 08
52 4 53 4 56 4 56
43 4 43 4 46 4 47
39 4 39 4 42 4 42
36 4 36 4 39 4 39
34 4 34 4 37 4 38
33 4 33 4 36 437
32 4 32 4 35 4 35
31 4 31 4 35 4 35
30 4 31 4 34 4 34
d.
d.
5 33 5 36 5
5 14 5 15 5
4 60 4 60 4
4 50 4 50 4
4
45 4 45
42
40
39
38
37
36
4 42 4
4 40 4
4 39 4
4 38 4
4 37 4
4 36 4
4
4
4
4
4
4
4
39 5
14 >
59 4
49 4
44 4
41 4
39 4
37 4
36 4
35 4
34 4
d.
d.
3o 5 32
14 5 22
58 163
48 451
43 145
40 142
38 4 40
36 4 38
35 4 37
34 4 36
33 4 35
d.
526
5 00
4 52
4 45
4 42
4 40
4 38
4 37
4 36
4 35
summarizing them as follows:
Except in Alabama, where an Improvement in the condition of cotton la reported, the general condition of this crop over the central and
eastern portions of the cotton belt has turther deteriorated, rust,
shedding and premature opening being generally reported, while th»
boll worm has been destructive in toe central and western portions.
In Texas cotton has generally Improved in the south portion, but in
some localities in the north portion was injured by hot winds. Pick
ing is in general progress over the central and southern portions of
the belt.
—
Shipping News. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 12,104 bales. The shipments In detail, as made up
from mall and telegraphio returns, are as follows:
N»w York—To Liverpool, per steamers Cevlo, 1,194
Total baits.
Phila-
delphian, 793
To Hull, per steamer Consuelo. 500.
To Havre, per steamer Massapequa. 706
To Bremen, per steamer Frledrich der Gros8e, 1,073
PennsylvaTo Hamburg, per steamers Belgravla, 812
nia, 100
Trojan Prince. 43..
To Genoa, per steamers Hesperla, 1
New Orleans—To Havre—Aug. 31— Steamer Spanish Prince,
1,500
To Rotterdam -Aug. 25— Steamer Istrar, 142
Galvbston—To Liverpool— Aug. 30 -Steamer Navigator, 4,025
To Hamburg— Aug 27 -Steamer Llansani or, 476...
,415
Newport News—To Liverpool—Aug. Sf— Steamer
Boston— To Liverpool— Aug. 24— Steamers Kansas, 279; Sylvanla, 10
Baltimore—To Liverpool -Aug. 18— Steamer Oakmore, 30
Total.
1,992
500
706
1,073
912
44
1,500
142
4,026
476
415
289
30
12,104
BREADSTUFFS.
Friday, Aug.
The demand
31, 1900.
for wheat flour has reached only very
moderate proportions, as it has come almost exclusively from
the local trade, little interest being shown by exporters. A
hardening tendency to values for the grain haj given the
market a fairly good undertone. Still awaiting farther developments, buyers in the main have shown a disposition to
keep their purchases limited to sach supplies as have been
needed to meet immediate requirements. City mills have
been quiet but steady. Rye flour has been ia more active
demand and prices have advanced slightly. Corn meal has
had a fair sale at about steady prices.
Speculation in wheat for future delivery has been slightly
more active, and the tendency of prices h-is continued towards a higher basis. The foreign advices in the main have
been of a character favorable to the market, although the
advices received from France, consideriDg the poor crop reports, have been somewhat discouraging. Advices received
from London say that it is estimated that the English crop
will be considerably smaller than last year and that the requirements of foreign wheat will be about 190,000,000 bushThe movement of the winter- wheat crop has coaels.
tinued on a fairly liberal scale, although the receipts
show some falling off from their recent large totals.
The reports from the interior markets, however, indicate
September
1,
THE CHRONICLE.
1900.]
that the demand for wheat is active, both exporters and
millers apparently being free buyers. The weather reports
from the Northwest have been more encouraging, the needed
dry weather for harvesting being reported. Nevertheless it
is believed by many of the trade that the recent wet and un
settled weather experienced has served to further shorten
Business in the spot
the yield of toe spring-wheat crop.
market has been moderately active, as exporters have been
To-day there was an
fair buyers here and at oatports.
easier market, reflecting weaker foreign advices, and under
liquidation bv recent buyers. The spot market was quiet
and easier sales reported for export were 160,000 bushels.
YORK.
DAILT CL08»G PRICKS OF NO. 2 BED WHITER IN
Mon. Tueg.
Sat.
Wed. Thurt.
Frt
8214
8Ha
P03t
81 78
80^
80%
Cash wheat f. o. b
;
NEW
Sept. delivery in elev
79^
793a
Deo. delivery In elev
813a
93*z
81H
May delivery
in elev
79*2
8138
83»s
80=%
823q
840a
79^
7-»ia
8l 78
84i«
81 H
835a
DAILT CLOSING PRICKS OF NO. 2 SPRING IN CHICAGO.
Sat.
Mon.
Tues.
Wed. Thurt.
Ang. delivery in elev
74i«
73$t
75%
743*
745g
753s
74^ Holiday. 75%
73 7a
745a
Fri
74ia
74
76
75
74^8
Indian corn futures have received only a limited amount
of speculative attention, but prices have advanced.
The
principal strengthening factor has been the statistical posiThe actual supplies in sight have been small and the
tion.
movement of the old crop has continued light, with the
Consequently there has
country offerings reported small.
been a general disinclination to sell the market, particularly
of the nea r -by deliveries, and although crop news has been
generally favorable, prices have shown a tendency to harden.
The spot market has been firmer, with exporters fairly free
buyers here and at outports. To-day the market was quiet
and sliehtly easier. The spot market was moderately active.
The sales for export here and at outports were 600,000 bushels.
DAILT CLOSING PRICES OF NO. 2 MIXED CORN IN
YORK.
Sat.
Mon. Tueg.
Wed. Thurg.
Fri.
Cash corn f. o. b
46
46*4
453s
463i
475a
465a
Sept. delivery In elev....
Oot. delivery In elev
NEW
43%
40%
40%
Sept. deliverv In elev
Deo. delivery in elev
May delivery in elev
443a
40%
41%
4514
413a
416a
DAILT CLOSING PRICKS OF NO 2 MIXED CORN
Sat.
Mon. Tuet.
August delivery in elev.. 39%
403a
Sept. delivery in elev
38 78
39% Holiday.
37%
Oot. delivery In elev
38%
45°a
413a
41%
IN
45%
41%
41
44%
459
Spring Wheat.— Heavy rains in the spring-wheat region have retarded threshing and prevented the completion of harvest in North
Dakota, in which State, as well as in Minnesota and portions of
Nebrasaa, stacked wheat has sustained damage. Rains have also delayed threshing in Montana and Washington.
XW~ For other table* usually given here see page 423.
THE DRY GOODS TRADE.
New
York. Friday. P. M., August
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending Aug. 27 were 1,410
packages, valued at $95,331, their destination being to the
points specified in the tables below
:
Nkw York
1900.
Week. Since Jan.
86
CHICAGO.
4
Wed.
Thurg.
Fri
China
41%
40 7a
40
395s
38 78
40%
39%
38%
[ndia
41
1899.
to Aug. 27
41
41
Oats for future delivery at the Western market have been
quiet.
Early in the week the undertone was steadier, as
there was covering of shoit sales on unfavorable weath-r
reports.
Subsequently, however, conditions were more
favorable, and tbis, coupled with a fairly foil crop movement, resul'ed in an easier market. Locilly there has been
a limited amount f business transacted in the spot market,
but pries have weakened slightly. To-day the market was
31, 1900.
The situation in cotton and woolen goods has not improved
during the week so far as the business passing at first hands
is concerned, and in both divisions manufacturers are facing
Trie general run of prices of
unsatisfactory conditions.
goods i3 below what they could be produced at on current
cost of raw material, etc., and while there does not appear to
be any near chance of material reduction in coat, there is
absence of all indications of a demand sufficient to advance
the price of merchandise. Reports of contemplated reductions in wages of mill operatives are current, and it is probable that Fall River at least will make a cut within the
next month. The curtailment movement in force there has
failed to either improve the price of or to reduce the stock.
It is stated that this curtailment may be prolonged beyond
the date originally agreed*upon— Sdptember 17. The heavy
cotton goods mills, suffering from the absence of China business, are gradually shutting dowu, and there is quiet curtailment of production among the Southern spinning mills. Reports of woolen mills shutting-down or having in contemplation a cessation of work are increasing.
With buyers these
features are not as yet counting for much, but later on they
may become quite an important factor.
.......
100
irabia.....
West Indies.................
South America..............
Other Countries....
Total
23
441
66
155
535
1,410
TVeefc.
Since Jan. 1.
1,545
1,250
140,039
8,899
23,259
2,870
18,488
2,136
8.148
29,044
6,035
48
17
7,319
693
179 594
161
99
215
20,841
2,924
7,183
31,159
5,726
241,703
10,034
294 979
1.
1,443
1,656
1,378
422
3(>3
72
32 488
11,272
The value of the New York exports tor the year to date has
been $10,462,489 in 1900, against |10.572,902 in 1899.
quiet. The spot market was unchanged.
For heavy brown sheetings and drills the market is deDAILT CLOSING PRICKS OF OATS IN
YORK.
cidedly irregular on goods in stock and the demand slow on
Sat.
Mon. Tueg.
Fri
Wed. Thurg.
home and export account. Sellers, however, are holding
No. 2 mixed in elev..
26
25%
25%
25%
25%
25%
No, 2 white in elev
28
27%
27%
27%
27%
27% aloof on goods to be made, and bids, on current prices for
spots, are seldom accepted. Ducks and brown osnaburgs are
DAILT CLOSING PRICKS OF NO 2 MIXKD OATS IN CHICAGO.
slow and easy to buy. There has been no change in the marSat.
Mon. Tues.
Fri.
Wed. Thurg.
August delivery In elev.. 21%
21%
21% ket for low and medium-grade bleached cottons, a quiet de213a
213a
Sept. delivery In elev.... 21%
2J3a
21% mand being met at steady prices, but some of the finest
210a Holiday. 21%
Oot. dell very in elev
22
22
2i«8
22%
Vsl'a
grades have been reduced
5 to 10 per cent. Finest
Rye has been firmly held, with offerings light, Barley has makes of wide sheetings alsofrom
reduced about 1% per cent. A
been firm.
slight improvement in the demand for denims is noted, but
Following are the closing quotations:
the demand is still irregular.
Ticks, plaids, checks and
(
NEW
FLOUR.
45
Patent, winter.... $3 85 ®4 00
®2 65
City mills, patent.. 4 25 ®4 75
®2 70
Ryeflour,8upernne 3 00 93 60
»2 85
Buckwheat flour
• ....
Clears
00 -93 50
Corn mealStraights
3 50 94 00
Western, eto
2 45 92 50
Patent, spring
4 00 -94 80
Brandywlne
2 55
(Wheat flour In sacks sells at prices below those tor barrels.)
Fine
Superfine
Extra, No. 2
Extra, No. 1
$2
2
2
2
3
Wheat, per bnsn.—
Hard Duluth, No.l
N'thern Dul., No.l
Red winter, No. 2.
N'thern NY. No.l.
Oats— Mlx'd,p.bush.
White
No. 2 mixed
No. 2 white
35
55
60
50
fl>2
0.
0.
GRAIN.
Corn, per bush.—
845a986%
81 7
a»83%
78%»8<
5a
80^982%
927%
934
25%926%
27%928%
25
27
o.
0.
Western mixed
42%9463a
No. 2 mixed
Western yellow
43 9463s
44&s946 1a
Western white
Rye, per bushwestern
State and Jersey
Barley— Western.
Feeding
4558 947%
53%957%
52% 957%
46 954
40 946
and other coarse colored cottons are still in limited
request and easy to buy. Sales of fancy prints are made at
irregular prices and general demand continues indifferent.
Forsuch staple lines as indigo blues, Turkey reds, mournings,
etc., the demand is moderate but steady, and prices are generally maintained. The gingham market has been without
special feature, a quiet demand c uning forward at steady
prices.
There have been no sales of regular print cloths, the
price remaining unchanged at 2,%c. In odds business has
been light but prices steady.
Woolen Goods.— Prices of men's- wear light-weight woolens and worst da are very irregular for both staple lines and
fancies.
Lints on which prices were guaranteed for
the season have not been affected, but in some quarters
where guaranties were given on standard goods substitutes in the shape of new and lower-price goods have
been brought out.
Clay wors ed, 12 ounces, for 82J^c, has
this week been put upon the market by the American Woolen
Company, whose standard 12 ounce Clay remains unchanged
at $l 123^. That company has a>so put out a new 11-ounce
serge at 72^c, against 82}£c. for its regular 11-ounce serge.
Buyers are not assured by this feature and are as a rule adhering to their previous conservative policy, the orders coming forward being small and by no means numerous. Satinets are s^ady, but cotton-warp cassimeres and cotton
worsteds irregular. Overcoatings are easy to buy, but the
demand has not improved. Cloafcirigs inactive and irregular
in puce.
Staple dress goods in moderate request and fairly
steady, but the general run of fancies is dull and irregular.
For flannels and blankets the demand has been indifferent at
stripes
A
Government Weekly Grain Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States for the week ending
August 27 as follows
Weather.- The weekending August 27 is the fourth week of excessive heat in the districts east of the Rock? Mountain?, and -while it
was dry over the greater part of the Southern States, portions of New
England, and the Ohio Valley, there were in these districts good rains
over local areas, and very general and abundant rains over tlie northern pottious of the central valleys, southern half of the upper Lake
region, and In the Middle Atlantic States.
Corn.— The temperature conditions of the past week, as in the preceding weeks of August, have been highy favorable for the rapid
development of corn, a large part of the eariy crop being already made,
some having been cut as far north aslowaand Ilinois. The abundant
rains which fell in Nebraska, Kansas
and Missouri have improved the unchanged prices.
con ntion of corn, but much in the two last-mentioned States has been
Foreign Dry Goods.—The general market for foreign
permanently injured, while the crop in Southern Illinois and WVftern
is.entucuy contiiues to suffer from drought.
As
whole
the wees has mtrchaLdise has been quiet at firsc hands, but jobbers report
a
very iavorable for oorn over the greater part of the principal corn
a good general business. Importers are beginning to show
estates, more particularly the
central and northern districts, but over new
lin u s of woolen and worsted dress goods for spring, but
D ponion8 of the Guif and South Atlantic States it was unfavorabl
demr.nd has not yet developed to any extent.
:
— —
—
——
:
THE CHRONICLE.
460
[Vol. LX2I.
ruary 2 and August 2 at the Bank of Montreal, Brockville,
and the principal will mature in twenty yearly instalments
of various amounts. The election held to authorize these
securities carried by a vote of 481 to 77. The present debenture debt of the town is $559,823 21, including $180,000 for
Items.
water works. The sinking funds aggregate $107,822 31.
United States Census.— Population of Cities.— We give
Canton, Ohio. Bonds Defeated.— At the election held
below the official populations of those cities whose returns August 25 the propositions to issue $75,000 storm-water-sewer
have been tabulated since the reports published last week. bonds and $20,000 garbage-disposal works bonds were both
0ITY
STATE AW>
BEfiWWENT.
News
We
make comparisons with the Census totals for 1890, giving
the difference in numbers as well as percentage.
Population.
1899.
Population
1900.
Allegheny, Pa
Baltimore Md
Boston, Mass
Denver, Colo
50«',957
560,892
133,859
169,164
51,418
Indianapolis, Ind
Kansas City Kan
Kansas City, Mo
Newark, N.J
New Orleans, La
Paterson.N.J
Pittsburg. Pa
Rochester, N. Y....
St. Louis,
Mo
San Francisco, Cal
Wilmington, Del..
t
U13.973
38.316
132,716
181,833
242,039
78,347
238,617
133,«96
451,770
298,997
£1,431
163 752
24B.070
287,104
105,171
321,616
162,435
575.238
342,782
76,508
Including 1890 population of territory
23 37
24,609
74,518
11V,4 15
27,146
55,191
13,102
31,036
64.240
45.065
26,824
82,999
28,539
123.463
105,287
434,439
448,*77
106,713
129,896
Percentage,
Increase. Increase.
1715
25 07
25-44
48-42
34-19
23-39
3533
18-62
3424
34-78
2131
27-33
4 i>?85
as follows
this
:
,
Sale.— On August 18 $2,500 5-10-year (optional) bonds were
awarded to W. E. Bell, Spokane, at 101-24 and blanks for 6$
bonds. Following are the bids
:
*
For 6% Bonds.
For 6% Bonds.
E. Bell, Spokane.
K.Noble, Portland.
Wm. D. Perkins, Seatte
*$2.531 00
2,652 50
A
—
C—
W.
—
64
If
24-54 Cleveland," must accompany bids. Proposals must be made
on blanks furnished by the City Auditor.
annexed since that date.
Clyde, Ohio.—Bond Ofiering. Proposals will be received
Bids Rejected.— We are advised that the
Abbeville, S.
Council rejected all bids received on August 1 for the $6,000
%% 20-year bonds decribed in the Chronicle July 7 on p. 46.
Ada County (Idaho) School District No. Id.— Bond Offering, —Proposals will be received until 5 p. m. September 3,
by C. A. Powell, Clerk board of trustees, for §1,500 gold
bonds. Securities will mature $500 in three, five and seven
years. This district is situated about four miles from the
city of Boise. It has no indebtedness at present, and the assessed valuation in 1899 was $55,000.
Adams County (Wash.) School District No. 15.— Bond
Sate.— On August 18 $6,000 10-20 year (optional) school bonds
were awarded to W. E. Bell, Spokane, at par and blanks for
5%% bonds. The only other bid received was that of H. E.
Noble, Portland, at 103-49 for 6 per cents. Securities are
dated Sept. 1, 1900.
Adams County (Wash.) School District No. 23.— Bond
JEL
Carthage, Ohio.— Bond Sale.—On August 21 the $418 25 5%
1-10-year (serial) sidewalk bonds were awarded to the German National Bank, Cincinnati, at 102. For description of
bonds see Chronicle July 28, p. 199.
Cleveland, Ohio. Bond Offering. Proposals will be received until 12 M., September 20, by Chas. P. Salen, City
Auditor, for $100,000 4$ bridge bonds, maturing April
Securities will be coupon bonds, in denomina1, 1920.
tion of $1,000, dated April 1, 1900. Interest will be payable
semi-annually, both principal and interest b?iog payable at
the American Exchange National Bank, New York City.
certified check drawn on a national bank for 5% of the
amount of bonds bid for, payable to the " City Treasurer of
15,077
Bond Proposals and Negotiations
week have been
("Iff Afltpd
For
H)4,%
$2,526 00
Bonds.
Roberts Bros., Spokane
2,537 50
And blank bonds.
until 12 M., September 8, by Chas. T. Hurd, City Clerk, for
$9,387 4% refunding bonds. Securities are issued under authority of Section 2701, Revised Statutes of Ohio. They are
in denomination of $500, except one bond, which will be for
$387, all dated Sept. 1, 1900. Interest will be payable semiannually at the Chase National Bank,
York Citv. Principal will mature part each six months, $500 from March 1,
1914, to Sept. 1, 1922, inclusive, and $387 on March 1, 1923.
New
must be unconditional and must be accompanied by
a certified check for $300. Accrued interest is to be paid by
All bids
the purchaser.
—
Decatnr County, Ind.— Bond Sale. An issue of $19,040
Township gravel-road bonds was recently sold to
local banks at 100 577.
Edmonton, Alberta, N. W. T.—Debenture Offering.—Proposals will be received until 12 m., September 25, by G. J.
Salt Creek
Kinnaird, Treasurer, for $25,000 5% debentures. Securities
are in denomination of $5,000 and will mature thirty years
from May 6, 1897. Interest will be payable semi-annually.
The coupons for interest up to May 6, 1900, will be detached.
El Paso County, Texas.—Bond Sale.—The $63,500 refunding bonds mentioned in the Chronicle August 11 have been
taken by the State Permanent School Fund.
Fostoria (Ohio) School District.— Bond Sale.—On Aug. 25
&
the $15,000 4% school bonds were awarded to W. J. Hayes
Sons, Cleveland, at 101 "46— an interest basis of about 3-73£.
Following are the bids :
W. J. Hayes & Sons, Cleve. .$15,219 00 New 1st Nat. B'k. Columbus. $16,075 00
I6,i>50 00
15,17?. 00 First Nat. Bank, Fo?toria.
W R. Todd & Co., Cincin
R. Klevbolte&Co.. Cincin... 15,153 00 Seasongood & Mayer, Cin.... 15.04000
.
. . .
.
Bond Sale.— We
are advised that an issue of
Anson, Me.
$60,000 %\i% 1- 10-year (optional) refunding bonds has been
awarded to the Skowhegan (Me.) Savings Bank. Securities
are dated Oct. 1, 1900. Interest will be payable semi-an-
P. 8.
&
Son, ChagrinFalls.. 15.138 00
Briggs & Co., Cincinnati. 15,035 00
Rogers
Lamprecht Bros.
Co., Cleve.
,
15,037 50
For description of bonds see Chronicle Aug. 11, p. 304.
Y.—Bond Sale.—On August 27 $30,000 4%
(serial) paving bonds were awarded to W. J. Hayes
1-10-year
nually.
Arlington Heights, Ohio.— Bond Offering.— Proposals will & Sons, Cleveland, at 103-02. Following are the bids
102-78
103-02
Geo. M. Hahn, New York
W. J.Hayes & Sons. Cleve
be received until 12 m., September 28, by C. A. Billingsley, Walter
10.4-01
R. B. Smith & Co., New York. ..102-76
Stanton &Co..N. Y
102-25
1-7-year
(serial)
street-improve103-01
76
for
$669
5%
Prior
Hamlet Clerk,
Denison.
& Co., Cleve
R. Kleybolie&Co..New York..
1OP00
City National Bank
Bros. Co., Cleve. ..10300
ment bonds. Securities are in denomination of $95 68, dated Lamprecht
100-00
Rochester Savings Bank
Farson, Leach & Co., New York. 102-78
August 1, 1900. Interest will be payable annually.
District No. 1.—
Free
School
Union
(N.
Greenburg
¥.)
Atlantic City, N. J.— Bids Rejected.— Following are the
Bond Offering.— Proposals will be received until 8 P. M.,
bids received August 27 for the $2u0,000 4% gold water bonds:
September 11, by Wm. C. Wright, Clerk (P. O. Tarrytown),
A. S. Leland & Co.. New York.. 107-689 Seasongood & Mayer,Cincln....l05-02
for $6,000 4% bonds. Securities are dated Oct. 1, 1900. In105-18
Lamprecht Bros. Co.. Cleve
104 97
Jno. i>. Everitt & Co., N. Y
will be payable at the Tarrytown National Bank.
terest
Bids were all rejected.
will mature $3,000 Oct. 1, 1924, and $3,000 Oct. 1,
Principal
Barnes County (P. 0. Valley City), N. Dak.— Bond Offering.—Proposals will be received until October 15 by T. M. 1925
Greenburg (N. Y.) Union Free School District No. 10.
Gunderson, County Auditor, for $20,000 5% refunding bonds.
Bond Offering.— Proposals will be received until 8 p.m.,
Securities are in denomination of $500, dated Nov. 17, 1900.
September
5, by the Board of Education, Wm. H. Jackman,
Interest will be payable annually and the principal will
Clerk, for $15,000 4% bonds. Securities are in denomination
mature Nov. 17, 1920.
annually
Bell County, Texas. Bonds Approved:—The Attorney- of $1,000, dated Oct. 1, 1900. Interest will be payable
on
yearly
mature
will
$1,000
and
the
principal
Dec.
31,
on
issue
of
bridge
approved
an
bonds.
$14,460
General has
check
certified
inclusive.
A
1902
31
from
to
December
1916,
Benton County, Ind. Bond Offering. Proposals will be
Board of
received until 2 p. m. September 3, by James Darby, County for $750, payable to Frederick Ranscht, President
Treasurer, for $32,050 4%% Richland Township gravel-road Education, must accompany proposals.
Greenville, Ohio.—Bona Sale.— On August 27 $15,000 4%
bonds and $400 4%% bonds to pay the expenses of the election
bonds were
held in the above named township to authorize the issuance 1- 15-year (serial) Washington Avenue assessment
Cincinnati,
at 103"006
Kleybolte
Rudolph
&
Co.,
to
awarded
of the road bonds. Securities will be divided into forty
of
a'xiut
basis
3
565£.
an
interest
one
series
each
six
months
May
from
series and will mature
Holland, Mich.— Bond Offering.— Proposals will be reCash or a certified
15, 1901, to Nov. 15, 1920, inclusive.
until 7:30 P. M., September 4, by William O. Van Eyck,
ceived
check for $300 will be required with each bid.
for $10,000 4% sewer bonds. Securities are in deClerk,
Bond Offering.— Proposals will be received until Septem- City
of $1,000. dated Sept. 1. 1900. Interest will be
nomination
ber 7 by James D. Smitn, County Auditor, for $5,000 6# 5-year
annually
on February 1 and the principal will mapayable
asylum bonds. Interest will be payable annually.
A certified check for $150 must accomFeb.
1,1911.
ture
Big Horn County, Wyo. Bond Sale.— On August 25 the
proposal.
each
pany
were
awarded
to
E.
H.
funding
bonds
Rollins
Sons,
&
$37,000
Jamestown, N. Dak.— Bonds Voted.— This city recently
Denver, at IUO'95 and blank bonds for 5 per cents. Followin favor of issuing $10,000 water- works bonds.
voted
ing are the bids
Jasper County, Mo.— Bonds Registered.—The State
Jopiin,
E. H. R»llins & Sons, Denver"$37,350 00 V. R. Fulton & Co. Chicago. *$37,037 00
Geo. E.Abbott, Cheyenne... 37.000 00 Auditor has registered an issue of $5,000 5% 1-year current* And blank bonds free of charge to the county.
revenue bonds. Securities are in denomination of $500,
dated Aug. 20, 1900. Interest will be payable at the Miners
For description of bonds see Chronicle Aug. 11, p. 303.
Brockville, Ont.— Debenture Offering. Proposals will be Bank of Jopiin.
Kiu«s County (Wash.) School District No. 1*— Bidsi7:
received until 2:30 p. m., September 7, by W. S. Buell, Chairman Finance Committee, for $100,000 4% lighting- works de- Following are the bids received August 20 for the $JOO,000
bentures. Interest will be payable semi-annually en Feb- 4>£# 20- year bonds
Fredonia, N.
I
I
—
—
,
—
-
:
I
I
—
:
—
:
September
:
THE CHKONICLE.
1, 1900.]
For A%% Bonds (Conf.)
For i%% linnds.
A Co.. Chic. 1200,860 00
W. Harris & Co..CbleaKO.t210,70e 10 Farson. Leach
Bank of Commerce
B. H. Kollins A SonH. Uo^t.. '212,306 00 Nat ional
00
(I60.UOO)
2HB.020
50,815 00
Trowbridtfo fcNlverCo .Chi.
For 4 l-tCJt Bonds.
Far-son, Leach & Oo.,'Chlc..*208.000 00
W. IX Shenard A Co.. N. Y.... !J0fl. 61 10 Denlson, Prior A Co., Cleve. 200,000 00
For\\i% tiona».
W. J. H-tyes A Sons. Cleve.. !20.->,o.30 00
N.
481
These bonds are alike in description to the two issues sold
The reason for the re-sale has not yet been made
18.
June
known
to us.
Burllnirtou (Vt.) Trust Co.. 206.026 00
200,400 00
\V. E. Bell, Spokane
Lawrence, Mass.— Temporary Loan.— This city recently
borrowed $50,000 for a little over two months from Curtis &
Sanger, Boston, at 2-96#. Following are the bids received
Conditioned, we are advised, on all
instead of in $60,000 lots, as advertised.
Cu rtis A Sanger, Boston
Essex Sav. Bank, Lawrence
Bond A Goodwin, Boston
M. F. Backus, Seattle
200,100 CO
tor 5% Honda.
Dexter, HortonACo., Seattle 2no.ooo 00
the bonds being delivered immediately,
*
As
stated last
& Co.,
--.«.«,-W. Harris
week, bonds were awarded to N.
Chicago, at 10535.
Knox County, Ind.— Bond Sale.— An issue of $29,975 17
i%% Busseron Township grave) -road bonds was sold. on Aug.
22 "to Campbell,
&
Wild
Co., Indianapolis,
lowing are tbe bids
Campbell, Wild A Co.. Ind'lls.$30,640
17
I
R. Kleybolte
at 102-21.
A Co.,
Fol-
Cincin... .$30,025 17
W. J. Hayes A Sons. Cleve... 30,fi25 17 Seasongood A Mayer, Cincin. 29,980 17
W. R. Todd ACcCincinnati. 30,375 17
Kiioxviile, Pa.— Bonds Voted.— The issuance of $45,000
bonds was authorized at a recent election.
Labelle School District, Lewis County, Mo.— Bonds Registered.— Building bonds to the amount of $2,000 have been
registered by the State Auditor. Securities are in denomination of $100, dated June 1, 1900. Interest will be at the
rate of 6#, payable at the Home Savings Bank of Labelle.
Principal will mature in ten years.
Lakewood, Ohio.— Bond Sale.— On August 17 the $112,500
4% sewer bonds were awarded to Denison, Prior & Co.,
Cleveland, at 100-74 and accrued interest an interest ba^s
of about 3-95. Bonds are divided into three series of $37,500
each, and will mature $500 of each series every six months,
beginning Oct. 1, 1905. For further description of bonds see
.
I
—
Chronicle July
28, p. 200.
Bond Offering.— Proposals will be received until 12 M.. Sept. 17, by H. T. Mechling, City Clerk,
for f 3,000 5% High Street assessment bonds, in denomination of
$150, and $3,500 5% North High Street assessment bonds, in
denomination of $175.
Securities are dated June 20, 1900.
Interest will be payable semi-annually at the office of the
City Treasurer.
Principal will mature one bond of each
issue every six months from Feb. 1, 1901, to Aug. 1, 1910, inclusive.
certified check for $200 must accompany proposals. Authority for the issuance of these bonds will be
found in sections 2704 and 2705, Revised Statutes of Ohio.
Lancaster, Ohio.
A
NEW
:
3 no%
3'10%
-
McKibben Street paving bonds, in denominations of $1,000
and $160. Principal will mature $1,1C0 each six months from Jan. 1,
1901. to July 1, 1920, inclusive.
6,700 ZM% West High Street paving bonds, in denominations of $300 and $35.
Principal will mature $335 each six months from Jan. 1, 1901, to July
1, laao, inclusive.
2,250 3J^« Buckeye and Cherry Alley paving bonds, in denominations of $250
and »200. Piincipal will mature each six months. $260Jrom Jan. 1.1901,
to Jan. 1, 1903, and $20o from July 1, 1903, to July 1, 19u5, inclusive.
34,000 3*4% East Market Street paving bonds, maturing each six months. $2,000
from Jan. 1, 1901. to July 1, 1982, and $1,500 from Jan. 1, 1903, to July
1, 1910, inclusive.
Securities are dated July 1, 1900. Interest will be payable
January 1 and July 1 at the office of the City Treasurer.
Bonds are issued under authority of sections 2,703 to 2707,
inclusive, and 2709, Revised Statutes of Ohio. Proposals
must be made separately on blanks prepared by the city, and
which may be obtained from the City Clerk, and must be accompanied by a certified check on a Lima bank for 5% of the
amount of the bonds bid for and made payable to the City
Clerk. Accrued interest to be paid by the purchaser.
Lorain, Ohio.— Bond Sale.— On August 20 the $9,000 4%
sewer bonds were awarded to A. V. Hagemen, Lorain, at
par. The only other bid received was one from W. R. Todd
& Co., Cincinnati, at par, which bid we are advised was not
accompanied by a certified check as required. For description of bonds see Chronicle Aug. 4, p. 252.
Luverne, Minn.—Bond Sale.— On August 25 the $10,000 5%
20- year sewer bonds were awarded to the First National
Bank of Luverne at 109-62— an interest basis of about 4*28g.
For description of bonds see Chronicle Aug. 11, p. 305.
Mansfield, Ohio.—Bonds Not Sold.— This city has been
offering for sale a large number of street improvement
bonds, but
we
owing to the
are advised that,
Municipal Bonds
BOUGHT AND SOLD.
APPRAISEMENTS MADE OR QUOTATIONS
FURNISHED FOft THE PURCHASE, SALE OR
EXCHANGE OF ABOVE SECURITIES.
is
14, 1900.
called to the following resolu-
tion adopted by the
Board of Mayor and Aldermen
of Birmingham on August 10th, 1900, viz.:
" Be it resolved by the Mayor and Aldermen
of
Birmingham, That the holders of 'FOURTH
SERIES. SANITARY BONDS,' of the City of Birmingham, Ala.. ISSUED ON THE 1ST DAY OF
APRIL, 1885, authorized by an Act of the General
Assembly of Alabama, entitled 'An Act to authorize the Mayor and Aldermen of Birmingham
to
negotiate a loan for drainage and for sanitary purposes and to issue bonds for the payment of the
same,' approved February 14th, 1885, said bonds
being payable twenty years after date of their
issuance, with the option to tbe city to pay same
after
ten years from the date of their issuance, bearing
interest at the rate of eight per cent per annum,
interest payable semi-annually on the 1st
day of
April and October in each year at the Hanover
National Bank in the City of New York, are hereby
notified that said bonds are herewith called
for re-
demption and
will be paid on the 1st day of October,
1900. together with interest to said date, and
that
interest hereon shall cease from and after said
date.
" Be it further resolved, That
the treasurer of the
City of Birmingham is hereby instructed
to make
publication of the above resolution once a
week for
four consecutive weeks in some paper published
in
the City of Birmingham and some financial
paper
published in the City of New York."
In pursuance of the foregoing resolution,
notice
is hereby given the holders
of said bonds
that same
be paid on presentation and surrender
thereof
on the first day of October, 1900, at the
Hanover
National Bank, New York City, and
that interest
will
after said date ceases.
EUSTIS,
City Treasurer.
Bonds
called to the following resolu-
31
NASSAU
ST. (Bank of Commerce
"Be it resolved by the Mayor and Aldermen of
Birmingham, That the holders of 'SCHOOL BONDS'
of the city of Birmingham, Alabama, ISSUED ON
THE FIRST DAY OP JULY, 1885, authorized by
an Act of the General Assembly of Alabama, entitled, 'An Act to authorize the Mayor and Aldermen of Birmingham to issue bonds of said city for
an amount not exceeding twenty thousand dollars,
for the purpose of purchasing school lots in said city
and of erection, adding to and improving school
buildings, and furnishing the same,' approved February 17, 1885, said bonds being payable in thirty
years after date of their issuance, with the option
to the city to pay same after fifteen years from the
date of their issuance, bearing interest at the rate
of seven per cent per annum, interest payable annually on the first day of July in each year at the
Hanover National Bank in the City of New York,
are hereby notified that said bonds are herewith
called for redemption and will be paid on the first
day of July, 1901, together] with interest to said
date, and that interest thereon shall cease from and
after said date.
"Be it further resolved, That the Treasurer of
the City of Birmingham is hereby instructed to
make publication of the above resolution once a
week for four consecutive weeks in some paper
published in the City of Birmingham and some
financial paper published in the City of New
FOR
8AYINGS BANKS and TRUST FUNDS
5*
BONDS A SPECIALTY.
EDW. C. JONES
NKW
YORK.
PHILA.,
-
James
-
-
-
-
-
N.
on the
first
day of July,
New York
1901,
City,
at the
Brown &
GEORGE
DEALERS IN
HIGH-GRADE
Investment Bonds and Stocks
UNLISTED SECURITIES.
MUNICIPAL BONDS.
Securities Netting from
City Treasurer.
Z%
to 6%
ALWAYS ON HAND.
Send for our Investment Circular.
DUKE
M.
Municipal Bonds.
FARSON,
Banker,
1Sa Dearborn
Street,
CHICAGO.
Blodget, Merritt
&
Co.,
BANKERS,
16
Congress Street, Boston.
15 Wall
EUSTIS,
Co.,
Bankers, 62 Cedar Street,
Hanover
and that interest
and after said date ceases.
CO.,
is
hereby given the holders of said bonds that same
will be paid on presentation and surrender thereof
National Bank,
&
NASSAU STREET.
112 SO. FOURTH ST.
1
York."
In pursuance of the foregoing resolution, notice
B ldg.)
Investment Securities
Board of Mayor and Aldermen
of Birmingham on August 10th, 1900, viz.:
tion adopted by the
f torn
GEORGE
is
CO.,
BANKERS,
of the City
of Birmingham, Ala.
Your attention
Birmingham, Ala., Aug.
from and
holders of School
of Birmingham,
Alabama.
Your attention
To
ON APPLICATION.
W. HARRIS &
N.
NOTICE
Sanitary
fact that the
INVESTMENTS.
Government and
L.ISTS
Series
8-26X
S'b0%
$23,000 8J#{ East
CITY OF BIRMINGHAM, ALABAMA
To Holders of Fourth
Bonds of the City
3-20J5
Lima, Ohio.— Bond Offering.— Proposals will be received
3, by C. E. Lynch, City Clerk, for the
following paving bonds
CALL,
NOTICE
. .
until 12 M., September
LOANS.
BOND
Blodget, Merritt A Co.. Boston.
Kdgerly A Crocker, Boston
Geo. Mixter, Boston
Z'96%
Street.
New York.
STATE, CITY & RAILROAD BONDS.
—
:
—
THE CHRONICLE.
462
bids submitted for the work by the contractors were all in
excess ot the tstimates of the City Engineer, the bonds have
not been sold and the improvement of the several streets has
been indefinitely postponed.
Massachusetts.— Bond Sale.— On August 29 the §325,000
3$ gold bonds maturing July 1, 1940, and the $40U,dOO
gold bonds maturing April 1, 1930, were awarded to Blake
Bros.
Co. and Estabrook & Co., Boston, at 101 29— an interest basis of about 2 94#. Following are the bids
H
&
,
:
Due
Due
Apr.
July 1,1940.
Blake'B'Og. & Co. and Estabrook & Co
Harvey Fisk a Sons and Vermilye & Co
Parkinson 4 Burr and Perry, Coffin & Burr
Kidder, eabody « Co., Boston
E. O Shepard & Co., New York
For
Bonds
Bonds
1,
'30
the
Entire
Amo'nt.
lor*9
100-697
101'097
1'
0-773
100- 9
i
1U014
For description of bonds see Chronicle August 25, p. 410.
Mich.— Bonds Defeated.— At a recent election a
proposition to issue $5,000 electric- light plant bonds was
voted upon and defeated.
Medicine-Hat, N. W. T.— Debenture Offering. —Proposals
will be received until 12 M., September 15, by W. N. Adsit,
Town Clerk, for $40,000 4$ water debentures. Securities are
Mayville,
in denomination of $500. Interest will be payable yearly at
Bank of Canada, Medicine-Hat. Principal
will mature $2,000 yearly from 1901 to 1920, inclusive.
Millersburg, Ohio.— Bond Sale— On August 27 the $4,000
5# 2-11-year (serial) paving bonds were awarded to The Claude
Ashbrook Co., Cincinnati, at 106 375. Following are the
bids
Claude Ashbrook Co., Cin...*$i,8f6 00 Seasoneood & Mayer, Cincin.*$4,161 00
Feder, Holzman & Co.. Cin
*4,248 8f> W. B. Todd & Co Cincinnati. *4,ie0 00
W.J. Haves* Sods. Cleve
*4.si07O0 J. &G. Adams. Millersburg.... 4,02100
Lamprecht Bros. Co., Cleve...*4,188 00 J. E. Koch. Millersburg
4,000 00
the Mei chants'
I
.
I
I
|
*
And accrued interest.
of bonds see Chronicle Aug. 25, p. 410.
Mindenniines, Mo. Bond Sale.— P. F. Keleher, St. Louis,
has purchased an issue of $2,0i '0 6£ funding bonds. Securities are in denomination of $1,000, dated Aug. 1, 1900, and
will mature one bond in five years and one bond in ten years.
Mineral Wells, Texas.— Bonds Approved. The AttorneyGeneral has approved for registration $3,000 funding-imSrovement, $9,500 funding water-works and $9,000 echoolouse bond 3.
For description
—
INVESTMENTS.
[Vol.
Minto Township (P. O. Harriston), Out.—Debenture
Sale.— On August 20 tte $4,292 51 4% 1-20 year (serial) debentures were awarded to Geo. A. Stimson & Son at 101*38.
Following are the bids
Geo. A. Stimson & Son
$4,35200 G. W. Wood * Son
$4.326 00
Central Loan & Saviugs Co.... 4,341 60 VV. H Brouse
4,31600
H. O'Haraa. Co
4,332 51 Aemilius Jarvis & Co
4,190 00
Morriiton, Ark.— Bond Saie.—Oa August 27 tne $32,000
5% gold water- works bonds were awarded to W. J. McDonald, Oak Park, 111., at par.
For description of bonds see
:
Chronicle Aug. 25. p. 410.
Mount Vernon, III.— Bond Sale. It is stated in local papers that an issue of $20,000 4$ refunding bonds has been sold
to Campbell, Wild & Co., Indianapolis.
Muucy, Pa.—Bond Sale. This borough has sold to local
citizens an issue of $7,000 4£ 10-20-year (optional) bonds. Securities are dated Sept. 1, 1900, and the interest will ba payable at the office of the Borough Secretary.
Nassau County, N. T. Bond Offering— Proposals will be
received until 12m., September 7, by J. Seymour Snedeker,
Clerk Board of Supervisors, for $65,0i>0 %%$> gold bonds. Securities are dated Sept. 1, 1900, and will mature Sept. 1, 1930.
A certified check, payable to Henry M. W. Eistman, County
Treasurer, for 5% of bid, must accompany proposal. Accrued
interest must be paid by purchaser.
—
—
New
Castle (Pa.) School District.— Bond Offering.—Pro-
posals will be received until 7 P. M., September 3, by J. S.
Westlake, Secretary, for $18,000 %%% 10 20 year (optional)
funding bonds. Securities are in denomination of $1,000,
dated Oct. 1, 1900. Interest will be payable semi-annually,
free of tax.
New Whatcom (Wash.) School District No. 1.—Bond
Offering.— Proposals will be received until 2 p. m., Sept. 8,
by Mrs. E. V. Lilley, District Clerk, for $43,000 refunding
bonds.
Ohio University.— Bond Sale.— On August 24 the $10,000
5£ certificates of indebtedness were awarded to W. J. Hayes
&Sjes, Cleveland, at 109-27—an interest basis of about 3'40#.
Other bids were received from SeasoDgood & Mayer, Cincinnati; Feder, Holzman & Co., Cincinnati; The Bank of Athens,
Athens; The New First National Bank, Columbus; The
Lamprecht Bros. Co., Cleveland; L. G. Worstell, Athen g;
The Security Savings Bank of Athens and Denison, Prior
&
INVESTMENTS.
INVESTMENTS.
ADAMS & COMPANY, LONDON AND PARIS
EXCHANGE,
BANKERS,
DEALERS IN
INVESTMENT BONDS.
Members
Bankers and Exchange Agents.
HE\D OFFICE:
24 Throgmorion St., London, E.
No. 7 Congress and 31 State Streets,
INVESTMENT SECURITIES.
238-240 La Salle Street,
CHICAGO.
C.
CORRESPONDENCE RE TERMS
New York
Office,
52 Broadway.
The Lamprecht
INVITED.
BOSTON.
Geo. D. Cook Company,
Ld.,
Business undertaken in all Securities
quoted on the London and Continental
Exchanges.
of Boston StockJExchange.
LXXI
Bros.
Co. a
MUNICIPAL
AND OTHER HIGH-GRADE
E. H.
ROLLINS & SONS, DENISON, PRIOR & CO.
BANKERS.
DEALERS IN
Bonds for
High
Permanent Investment
S
San Francisco.
Grade
SEND FOR
Bonds.
LISTS.
MUNICIPAL
RAILROAD
CORPORATION
LIST ON APPLICATION.
Charles
Whann &
DEALERS
MUNICIPAL
and
BROADWAY
& NIVER
IN
BANKERS AND BROKERS,
DULUTH.
MINN.
CHICAGO,
-
-
•
LIST ON APPLICATION.
Ass'n.)
DKALBK8 IN
Commercial Paper, Mortgage Loans,
Local Stocks and Real Estate.
BUNUb
172 Washington Street,
YORK.
Bank, Chicago.
A.R.MACFARLANE&CO.
Bldg.,
Act as agents for non-resident property owners and
T. B. POTTER,
MUNICIPAL and nrikinc
RAILROAD CORPORATION
NEW
solicited.
[Members American Bankers'
Bank
CHICAGO.
Co.,
CO.,
MUNICIPAL BONDS,
First National
SECURITIES.
71
National Bank Building, Chicago.
Reference, Firtt National
TROWBRIDGE
BONDS
«
vl ^«-"^«
Street Railway and bras Companies
Co.,
INVESTMENT BANKERS,
Correspondence
Choice Iaaues.
&
Nuveen
John
1st
St.
CO.,
MUNICIPAL BONDS.
CO.,
60 Devonshire
market bought
LAMPRECHT BROTHERS &
Exchange Place, Boston.
BOSTON,
Monadnock Building.
53 Broadway.
All securities having a Cleveland
and sold.
Members New York and Chicago Stock Exchanges.
BANKERS
CHICAGO,
197 Superior Street.
New York City,
121 Euclid Avenue, Cleveland.
MASON, LEWIS &
•
EASTERN BRANCH:
BOSTON.
19 Milk Street,
Denver.
BONDS.
Cleveland, Ohio,
investors.
F.
R.
FULTON & CO."
i
Municipal Bonds,
ILLS. 171
la salle street,
CHICAGO.
:
September
THE CHRONICLE.
1, 1900.]
Cleveland. Bonds mature $5,000 on September 1 of
each of the years 1906 and 1907. For description of bonds
see Chronicle July 14, p. 99.
Orange County. Ind.—Bonds Not Sold.— We are advised
that an issue of $16,400 4t gravel-road bonds offerer! for eale
on August 6 were not sold. The issue will be re offered for
sale about September 3 as 4% per cents.
Bond Sale.— On August 25 the $47,000 Z%%
Otsego, N.
refunding bonds were awarded to Isaac W. Sherrill, Pougnkeepsie, at 102*17. Following are the bids
Farson, Leach & Co., Chicago
10V37
I. W. Sherrill, Poughkeepsle....l0217
& Co..New York.. 101*06
W.J. Hayes A Son*. Cleve...... J' 2-10 Edw. C. Jones
.100-50
Fisher,
New
York
Penhale &
R. B. Smith & Co.. New "fork. .101 00
For description of bonds see Chronicle Aug. 25, p. 410.
Palo *lto High School District, Santa Clara County,
Cal.— Bond Sale-Oa August 20 the $20,000 5<& gold bonds
were awarded to F. J. Hambley, Sao Jose, at 107* 15— an inSecurities mature $2,000 in 1904
terest basis of about 3'848£.
and $3,000 yearly from 1905 to 1910, inclusive.
Perry County, 111.— Bond Election— Bond Offering.— We
are advised by T. Gr. Taffee, County Clerk, that the Countv
Board contemplates submitting to the voters at the regular
November election the proposition to refund its outstanding
railroad-aid bonds. The amount to be refunded is about
$175,000 and bids for the same will be received until Sept. 10,
the city of Portland, payable to the City Auditor,
Co
company each
:
. .
Port Clinton, Ohio.— Bond Sale.— On August 27 the $2,750
5% 2-11-year (serial) sewer bonds were awarded to the Croghan
Bank of Fremont at 10570. Following are the bids
:
Croghan Bank of Fremont..
New 1st Nat. B'k. Columbus.
.$2,907 00
2.811 86
.
Lamprecht Bros.
INVESTMENTS.
MUNICIPAL,
RAILROAD and
CORPORATION
BONDS
TO NET FROM 4M TO
6*.
H.
WHITE &
Saline County (Mo.) Salt
Western Union Telegranh Co.
(Successor of N. O. Canal
50-Year Gold 41* Bonds
FOR SALE BY
&
Farson, Leach
ST.,
NEW
Co.,
YORK.
MORRIS,
President.
EDWARD TOBY, Vice-President.
EDGAR NOTT, Cashier.
Correspondents — National City Bank, National
Bank
of
Commerce, New York Boatmen's Bank, St.
Merchant*
;
Louis
N. W. National Bank. Chicago
National Bank, Boston.
;
R. A. Lancaster
&
Sons,
No. 10
WALL, STREET,
OFFICERS
BiGKLOW, Pres't.
Wm. Bigelow, V.-Prest.
and
MISCELLANEOUS
F. J. Klpp, Cashier.
T. E. Camp, Ass't Cashier.
F. Q.
San Francisco.
DEALERS IN
SECURITIES.
81,000,000
8500,000
Transacts a General Banking and Foreign Exchange
Business. Collections receive Special Attention.
NEW YORK.
INVESTMENT
;
FIRST NATIONAL BANK
OF MILWAUKEE.
CAPITAL
SURPLUS AND PROFITS,
Ltd.,
Burr,
& Banking Co.)
CAPITAL. 81,000.000.
ISSUE)
J. C.
Charing Cross, London.
&
Pond Township.— Bond Sale.—
We are advised that the $25,000 4% refunding bonds, recently
Canal Bank,
NEW ORLEANS, LA.
NASSAU
-
102 08
ture one-tenth yearly.
BANKS^
85
10f6O
|
MISCELLANEOUS.
AGENTS FOR THE
Perry, Coffin
I
Saginaw, Mich.— Bond Sale.— On August 18 $6,000 4%
sewer and $8,000 4% street- improvement bonds were awarded
to W. J. Hayes & Sons, Cleveland, at 102-283 and 102-30, respectively. The sewer bonds are in denomination of $600,
dated Ang. 1, 1900, and the street bonds $800 each, dated
Sept. 1, 1900. Interest will be payable semi-annually at the
office of the City Treasurer.
Principal of each issue will ma-
BANKERS.
ANGLO-AMERICAN BANK,
Lamprecfit Bros. Co.. Cleve
Jose, Parker & Co., Boston
I
call after five years.
CO.
BROADWAY, NEW YORK.
—
bond, which is for $380. Interest will be at the rate of 4g,
and the principal will mature in twenty years, subject to
BANKERS,
71
Fisher,
Riverside School District, Riverside County, Cal.—Bond
OjJeHnq.— Proposals will be received until 10 a. m., Sept. 21,
by D. G. Mitchell, County Treasurer, for $40,000 4% gold highschool bonds. Securities are in denomination of $1,000, dated
Aug. 8, 1900. Interest will be payable semi annually at the
office of the County Treasurer. Principal will mature $4,000
yearly on August 8 from 1911 to 1920, inclusive.
Robertson County, Texas.—Bond Sale.— The $6 380 refunding bridge bonds mentioned in the Chronicle July 21
have been taken by the Permanent School Fund of the
county. Securities are in denomination of $1,000, exceptone
.
CORRESPONDENCE SOLICITED.
C.
I
New York... 108-16
107-01
Jersey City
Edw. C. Jones & Co., New York.10660
&
C. Zabriskie,
Co., Cleve. .$2,784 60
{NEW
ac-
:
Penbal*
I
For description of bonds see Chronicle Aug. 11. p. 306.
Portland, Ore.— Bond Offering.— Proposals will be received until 2 p. m., September 15, by the Committee on
Ways and Means of the Common Council, care of Thomas C.
Devlin, City Auditor, for $25,000 %% 10-year gold improvement bonds. Securities will be issued in denominations of
not less than $25 nor more than $500. Interest will be payable semi annually at the office of the City Treasurer. Bidders will be required to submit a flat bid without conditions,
except as to the regularity of each issue of bonds, and a certified check for 5£ of the amount of bid, drawn on a bank in
must
bid.
Preble County, Ohio.— Bond Sale.— On August 25 the $17,000 4% bridge bonds were awarded to the Preble County National Bank at 104-559 and the$13 000 4% County- Home- r* pahbonds were sold to the same institution at 103'50. At these
prices the bonds net about 3'387<? and 3-415£, respectively.
For description of bonds see Chronicle Aug. 18, p. 358.
Red Bank, N. J.— Bond Election.— An election will probably be held in this place to vote on the question of issuing
$10,000 water bonds.
Riverside (P. 0. Biveredge), N. J.— Bond Sale.— On August 23 $5,000 5# 11-year (average) bonds were awarded to
Henry Hahn, a local investor, at 110. Following are the
bids
110-00
HenrvHahn
106-24
Walter Stanton &Co.,N.Y
Y—
1900.
468
The
First National Bank
OF SAN FRANCISCO, CAL..
Southern Securities a Specialty.
UNITED STATES DEPOSITARY.
1900.
United States Life
1850.
INVESTMENT BONDS. The
Capital, 81,500,000
!
Surplus, 81,000,000
Murphy, President.
Jas. K. LYNCH, Cashier.
James Moppitt, V.-Pres. J. K. Moppitt. Asst.Cash.
General Banking Business. Accounts solicited.
S.
G.
Commercial and Travelers' Credits issued, availa-
Insurance Co.
6o State Street,
IK
BOSTON.
THE CITY OF NEW YORK.
OFFICERS:
George H. Burford,
MUNICIPAL BONDS.
E. C.
121
STANWOOD &
Co.,
BANKERS,
Devonshire Street.
BOSTON.
W.
A. C.
EWEN,
Railroad BondB and Guaranteed Stock*
FOR INVESTMENT.
Commission Orders Executed.
Car and Engine Trusts Negotiated.
Tea
years' experience in the Financial and
Operating Management of Kailroads.
WALL
STREET,
.
NEW YORK
ble in all parts of the world
President.
Geo. G. Williams, Vice-Pres.
C. P. Fraleigh, 2d Vice-Pres.
Kich'd E. Cochran, 3d Vice-Pres.
A. Wheelwright, Secretary.
J. L. Kenway, Asst. Secretary.
THB
United
uses the
leading
Whiting Papers.
Railroads,
Banks,
So do the
Insurance
Companies and Mercantile Houses every-
Standen, Actuary.
Wm.
Arthur C. Perry, Cashier.
John P. Munn, Medical Director.
where.
FINANCE COMMITTEE:
gamples.
T.
Government
States
If
you are not using Whiting »
Linen Ledgers in your
,
office
write us for
For account books they are
They are made in tints
Geo. G. Williams, pres. Ohem. Nat. Bank unequaled.
John J. Tucker,
Builder especially recommended for the eyes by
E. H. Perkins, Jr., Pr. imp. a Trad. Nat.Bk
eminent oculists. We will send you
James K. Plum, Leather
a pamphlet on the subject free.
Active and successful Agents wishing to
represent this Company may comWHITING PAPER COMPANY
municate with Richard E.Cochran,
Holyoke, Mass.,
3d Vice-President, at the Home
*nd 150 Duane 8t„ New Yobs
Office, 273 Broadway, N. Y.
...
—
—
THE CHRONICLE
464
&
Huston Bank of
Wood
Securities are ia denomination of
$1,000, and will mature in twenty years, part being subject
to call after five years and part after ten years.
are advised that the $3,000
Sharon, Wis —Bond Sale.—
4£ 12-14-year (serial) bonds mentioned in the Chronicle
July 14 have all been sold to local investors.
are advised by M. J.
Shawano. Wis.—Bond Offering.—
WaJlrich, Mayor, that this city has voted by a large majority to issue $15,000 electric-light-plant and water works
bonds. Interest on these bonds will be at the rate of 3J£#,
payable annually at the first National Bank of Shawano.
Principal will mature $1,000 yearly from 1906 to 1920, inclusive. An offer of par has been received from the State
for these bonds, but the Mayor is open for any bids that may
be made for the same.
Shenandoah (Iowa) Independent School District. Bond
Sale.—This district has sold $3,000 4# 5 10-year (optional)
Co., Chicago, at par. These bonds
bonds to Mason, Lewis
are in addition to the $10,000 sold last month to the same
firm.
Stockton, Cal.—Bond Offering.— Proposals for the $52,000
4$ 1-40-year bonds (fully described in the Chronicle August
18. p. 359.) will be received until 5 p. m September 11, by
I H. Robinson, City Clerk.
certified check for $500, payable to the Mayor, must accompany proposals.
Stoughton, Wis.— Bids Rejected— Bond Sale. All bids received on August 20 for $23,000 city hall bonds were rejected.
The City Treasurer was afterwards awarded $5,000 as an investment for the sinking fund and the remaining $18,000 will
be taken by the State. Interest will be at the rate of 3^
per cent.
Titusville, Pa.—Bonds Voted.— An issue of $6,000 Spring
Street paving bon^s was voted at the election held August 7,
1900. These bonds, we are advised, will not be sold until
some time next spring.
Taldosta, Ga .— Bond Sale— On August 15 the $25,000 5%
30 year gold sewer bonds were awarded to Trowbridge
Niver Co., Chicago, at 108*16 —an interest basis of about \%%.
West Superior, Wis.— Temporary Loan. The city has borrowed from the American Exchange Bank the sum of $14,000
at $% interest.
registered,
have been sold to the
White Plains, N. Y.— Bond Offering.— Proposals will be
received until 8 P. m., September 6. by the board of tiustees,
Samuel C. Miller, President, for $50,000 ?,%% road bonds.
Securities are in denomination of $1,000, dated Oct. 1, 1900.
Interest will be payable semi-annually, and the principal
will mature $5,000 yearly on October 1 from 1910 to 1919, inclusive.
certified check for 10$ of the par value of the
bonds, payable to the Village Treasurer, must accompany
proposals. Authority for the issuance of these bonds will be
found in Chapter 353, Laws of 1899, as amended by Chap-
Marshall, Mo., at 102.
We
A
We
Laws
ter 497.
of 1900.
Bids Rejected.— At a meeting of the
Village Trustees held August 21a resolution was adopted
rejecting all bids received on August 10 for the $40,000 Z%%
gold sewer bonds.
fall list of the bids was given, in the
Whitesboro, N. Y.
A
Chronicle August 18, p. 359.
Woodbury, N. Y.— Bond Sale.— Oa August 21 $5,000
>K-y ear (average) bonds were awarded to W. J. Hayes
W.J. Haves & Sons. Cleve
Geo. M. Halm. New York
Walter Stanton* Co.. N. r
A
—
&
MISCELLANEOUS.
HENRY CLEWS&CO.
MEMBERS
Dealers in Bonds of Railroad, Gas and
Other Public Coporations.
on
and
N. Y.
Street,
of Approved
Securities Negotiated.
Offices:
issues
202
487
56
87
16
FIF
I
H
AVE.,
20
Nassau
New
Street,
York.
And Guaranteed Stocks
Descriptive Circular sent upon application.
INVESTMENT BONDS A SPECIAL TY.
BASS,
STOCKS, BONDS,
AND MISCELLANEOUS SECURITIES
16 BROAD STREET, NEW YORK.
P. O.
W. H. ROLSTON,
W. ALEX. BASS,
Box
ALLEN,
82
20
Financial
The
EDWIN
JR.,
HOOLEY.
S.
»2.
1.
The books have been closed in a
proper manner.
2.
Any
PINE STREET,
NEW YORK,
Price, 135.
Single issues
WILLIAM B DANA CO
70^ Pine
Street,
.
New York.
irregularities
The simplest modes
of book-keeping
hare been suggested.
3.
4. If
Floyd,
carelessness or
Lave been discovered.
ST., N. Y.
Augustus
a Guarantee that
the books do not present a true
commercial situation, the fact
will have been pointed out.
DEALER IN
LOCAL INVESTMENT SECURITIES
CITY RR. AND GAS CO. BONDS.
MUNICIPAL BONDS,
CLINTON GILBERT,
New
BANK AND TRUST
York.
CO.
The Mutual
.
.
given to
Municipal and Corporation
To net the Investor
3 to
all
ac-
Assets (Market Values) Jan. 1. 1900. .$70,46fl,400 46
Liabilities (N. J. and N. Y. Standard). 64.840,7"7 24
5,625,693 28
Surplus
5K
Bonds
Per Cent.
Lists sent on application.
N. J.
President
.
is
counting.
Benefit
NEWARK,
CO..
agerial oversight
STOCKS.
INVESTMENT SECURITIES.
LIFE INSURANCE
AM2I DODD,
Inspections of books are made without
charge, for the purpose of quoting
prices. Terms are reasonable because
of the despatch with which audits are
made and reports are furnished. Man-
W.
J.
HAYES & SONS,
111 Congress Street, Boston.
313 Sui>er««r St., Cleveland, ••
WE DEAL
THE NEW POLICY CONTRACTS
Rvieew 1880-1900.
21 annual issues.
since 1886.
BROAD
. .
Members N. T Stock Ex.
Audit bv this Company
is
WOOD & McGR AW,
CORT.
.
296fl.
An
.
2 Wall Street,
ROLSTON &
New York Life Bldg.,
Queen Building,
& William Sts. La Salle & Monroe Sts.
Chicago.
New York City.
Cedar
SPECIALISTS IN
Tel. 5181
High-Grade
Investment Bonds
OF NEW YORK,
cor. 25th St.
BROADWAY, Silk Ex'ge Bldg.
WORTH ST. & 39 Thomas St.
HUDSON ST Mercantile Ex.
COURT ST., Brooklyn.
ALL STOCKS and BONDS
SIMON BORG & CO., NOT DEALT IN ON THE
BANKERS,
N. Y. STOCK EXCHANGE.
No.
The Audit Company
STOCK EXCHANGE.
Orders executed for Investment or on margin. Interest allowed on deposits, subject to check at sight.
Railroads reorganized and Trade Combinations effected. Act as Financial Agents for Corporations
and Investors.
U. S. Bonds, all Issues, bought and sold.
22 W. 33d ST., Op. Waldorf -Astoria.
Branch
Loans
BANKERS,
17 Broad
11. 13, 15 and
NEW YORK
10000
Yonkers (N. Y.) School District.— Bond Oferina.—Proposals will be received until 8 P. M., Sept 5, bv J. H. Claxton, Secretary Board of Education, for $56,000 3%% bonds.
Securities are in denomination of $5,000 (<-xcept one bond
which will be for $1,000), dated August 1, 1900. Interest
will be payable April 1 and October 1. Principal will mature on April 1 as follows: $5,000 in 19'4 $10,000 in the
certified
years from 1915 to 1919 and $1,000 in 1920.
check for 5% of the amount of bonds bid for must accompany
proposals.
Yoangstown Township, Ohio.— Bond Sale. On Aug. 24
$10,000 5% 1-10-year (serial) park bonds were awarded to
Co., Cincinnati, at 105-65— an interest
Feder, Holzman
basis of about 3*S5#. Securities are dated Sept. 1, 1900, and
the interest will be payable semi-annually;
miscellaneous.
ST.,
lOO'OO
suance.
—
WALL
Cornwal' 8avings Bank
Columbus Trust Co. (3 96s)
102-29
102'25
—
&
41
:
Yakima County (Wash.) School District No. IQ.— Temporary Injunction. We are advised that the $5,000 bonds
offered for sale on August 25 were not sold, owing to a temporary injunction having been granted to restrain their is-
—
BANKERS,
&
Following are the bids
iniJ-30
R. B. Smith & Co.. New Tork...ir()-60
Sons, Cleveland, at 102"30.
,
WILSON & STEPHENS,
H
,f
&
A
[Vol. LXEI.
IN
OF THE
SOUTHERN AND WESTERN
Special and Peculiar Advantages
ROSENBERGER & LIYERMORE.
BENEFIT
MUTUAL
Contain
which are not combined
POLICIES OF
In the
ANV OTHER COMPANY.
SECURITIES.
(Specialists In
31
Southern and \Ve>tern Bonds.)
NASSAU STKEET,
-
NEWIYOKK.
@FedFRASER