Full text of Commercial and Financial Chronicle : September 17, 1898, Vol. 67, No. 1734

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Quotation S u p p le m e n ta l^ Street Kailway Supplement ( 0 * ^
Investors Supplem ent (quarter^ State and City Supplement ($m/m
10

[filtered according to Aot of

VOL.

67.

tn « re a r 1898. by the W

il l i a m

SATURDAY, SEPTEMBER 17, 1898.

%hz G/trccrixicle.

O U a r in g t a t —

Terms of Sabscriptioa—Payable in Advance :
For One Year ...................................... ........ .................... ....... $10 00
For Six M onths.................................. .......................................
6 00
European Subscription (lnolndlng p o stag e )....................... . 12 00
European Subscription Six Months (including p o s ta g e ).....
7 00
Annual Subscription in London (lnoluding p ostage)........... 22 10s.
S ix Mos.
do.
do.
do.
. . . . 21 10s.
Above subscription includes—
I h b Q u o t a t io n s u p p l e m e n t
I St r e e t R a i l w a y S u p p l e m e n t
The I n v e s t o r s ’ S u p p l e m e n t
| St a t e a n d C i t y S u p p l e m e n t
All of whioh are furnished without extra oharge to every subscriber
o f the C o m m e r c i a l a n d F i n a n c i a l O b r o n i c l s .
File covers boldiug six months’ issues or special file covers for Sup­
plements are sold at 50 cents eao h ; postage on the Bame is 18 oents.

Terms of Advertising.—{Per I hcU Space.)

Transient m atter................ $3 50 I Three Months

(13 tim es)..$25 00
Six Months
(26 “
).. 13 00
(8 tim es).. 18 00 |Tw elve Months (52 "
).. 58 00

s t a n d i n g b u s in e s s c a r d s .

New Y o r * ............
P h ila d elp h ia ........
Pittsb u rg............
B a ltim ore.............
Buffalo................
W a s h in gto n ....
R och ester............
S yracu se.............
S cra n to n ............
B in gh a m ton .......
T o t a l M id d le ....
B oston ........ .........
P ro vid en o e.........
H a r tfo r d ... ........
New H a v e n .........
S prin gfield ...........
Fall R iv e r ..........

L o n d o n A g e n ts:

New B e d fo rd .......
T o ta l New ifing.

Messrs. E d w a r d s A S m i t h , 1 Drapers’ Cardens, E. C., will take sub
soriptlons and advertisements, and supply single oopiee of the paper
at 1b. eaeh.

Chicago................
C in cin n ati....... .

W I L L l.m B . D iX A C O H P IN V , P u b lis h e r s ,
P in e S tr e e t, C o r n e r o f P e a r l S tr e e t,

P ost O f f ic e B o x 958.

NEW

C le vela n d .............
M ilw a u k ee...........
C olu m bu s............

YORK.

CLEARING SOUSE RETURNS.

' he following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day, September 17>
ha' e been $1,320,920,616, against 1,096,995,592 last week tnd
$1,103,549,816 the corresponding week of last year.
Cl e a r i n g s .
R e t u r n s b y T e le g r a p h .

W e e k E n d in g S e p te m b e r

1898.

17.

1897.
$731,950,223
93,285,258
60,443,115
14,789,868
82,222,739
25,357.679
5,221,108

—8 9
4-0 8
2-3
-1 8 *3

Seven cities, 5 days........
Other cities, 5 days..............

i960 ,997,8)3
132,010,411

$1,013,249,983
151,014,207

-5 *2
—12*0

Total all cities, 5 days---A ll cities, 1 day...................

$1.093.014,214
227,908,402

$1,104,284,255
239,285.561

-6 1
-4 -8

$1,320 920.010

$1.403.549,818

Total all C’tle- fo r w e e k ..

C a n to n ...............
Youngstow n..........
E va n sville*..........
T o t. M id. W a it ’ ! ■
San Francisco.......
3alt L a ke C ity ....

P e r C e n t.

$396,328,870
7P.48i),84S
54.745,058
13,476,327
87,818,509
24,780.195
4,36?,196

Boston.................................

NO. 173 t

]

Week ending S e p te m b e r 10.

PUBLISHED WEEKLY.

Two Months

B. D a n a O o m f a n y , In the office of the Librarian of Congress

-1 4 8
Sioux F a lls .........
T o ta l P a o lflo...
Ransas C it y .........
M inneapolis........
St. P a u l................

59

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
op 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 dgures for the pre
vlous week, covering the returns for the period ending with
Saturday noon, September 10, and the results for the oorres
ponding week In 1897,1896 and 1895 are also given, In com­
parison with the preceding week, there is a decrease in the
aggregate exchanges of two hundred and nineteen million
dollars, bnt at New York alone the loss is one hundred and
rixty eight millions. Contrasted with the week of 1897 the
total for the whole country shows a decline of 3-6 per cent.
Compared with the week of 1896 the current returns record
a gain of 88-7 per cent, and the excess over 1895 is 7’7 per
oent. Outside of New York the loss from 1897 is 1’2 per
oent. The excess over 1896 reaohe- 2T1 per ceut, and making
comparison with 1895 the loss is seen to be 3 4 per cent.

H a stin g s................
T o t. o th e r W est
3t. L o u is ................
New O rleans..........
L o u is v ille ..............
Q alveston ...............
H ouston.......... ......
R ich m on d..............
M em phis................

Fort W o r th ............
Birm ingham .......

Ch attan ooga.......
T o t a l S o u th e rn ..

1898.

1898.
P.

Cent

1897.

670 0*77.648
52.k83.9fi7’
10.243.23fc
U . 081,271
3,781.075
1.763 795
1,287,302
831,428
081.861
5 5.208
2H.0 O
700 8e8+ 52

$
692,641,031
5b.i 5»,'12
13,645.80.
10,235 051
4+35,301
1.600,14
1,3*6,421
042.424
701.07,
05\O13
374,40)
788,8tI9,0*0

83,789.007
3,8i2 900
1.91 ,9t5
1,274.644
1 267,23’
1.120, -2
1.282.5 M
5*0 SJ4
676,. 19
527.20*
88,618,81-

9*,832.'89
4, lk 0,70
2.) 44,401,370,306
1,355.60:
1,234,05*
l,33h,5703vi,7 0t
657.’ 0/
400.85
108,101.38/

—34 9
+3k
+31 -8*7

89.600 032
9 0l8 4.bO
5 831 .2
0 615 351
3,774,55
3,150 0 0
2.124 92(<
1 384.2 42
157 .2-3
818 )4>
7.7 ,i8i
>81 19
241,*1 =
2 v£,v 0
J0< 000
L.0H4*
191 20101,3*41
239.716
007.000
12;.096, K 9

87 815.402
10,700 5' 0
5.014 35:
5,022.13
4 1 U.80.
3.102,4-0
2.4 40,977
l 0^2.575
1.518,4 it
098 13
t 34.6333M70
2! 3 905
22)1,000
222,‘ 1
172,9.'»
181,23.
151.010
213,050

— 10 0
+3 9
+21-2
-8 2
+10
+3 2
-1 4 7
13 8
+17 .
-3 4 2
+ 10 2
—4 7
+24 9
-25*7
—9 3
+6 5
T0 «
+12*2

125,0*. 4.381

12,113.1:8
1 353 -5
1.437 63
1.103 250
575,00 ■
0*1.753
1 109 016
827 n.V2
24 3 33^
97.’ 57
19.5.3

15,143.452
i.3"5 799
2.197.930
1 30<>,7CU
450,00
*•8-1,8909*.44*
38- 891
09.50'2,7n?
22.770,492

—19*9
- 41
—3* 0
—18>
+27'8
9'7
+8+
-6 9
+ 171 H
t 84’ 1
-1 * u

11.033.031
7.- 2 * 12
5.780 !'&•*
3.5 3 4 1
2.548 78
73k 4 1i
45U.H80
l.loO.OvO
79«8>
351.374
378,266
4 4 223
9 .' 541
58.3-7
30, *40,23 2

10.417.271
7.740.698
6,035 600
4.0*7 97.1
2,107.760
017,10*
1 02* 270
950 00))
'■30 2)'9
3*9.283
i 99,930
482,70
99.857
111,462
34.05O,li2

+6+
—9 2
+14*
— 12 2
+20*9
+ 13 1
-r 60*8
+ 2l 1

26,3 1.581
4,560,509
5,43b 0 4
3.228,3 0
3.5 10 090
1.981.811
2.3 M.3 >0
l,* 05.059
1 010,776
1,060,501
7b7 8id
504 254
4 3 140
348 09441 99o
270,00“
199/87
300.0 0
S50.uO'i
53,732*4:’

27 0*0.592
6.072.021
5 5U .l 27
2 733,3'JO
4 498,-67
2.414 07*
2,373 040
1,271 457
1 194, leu
1,016,075
0^5,46»
032 207
740.07:1
362.9'' l
353.071
244 3 •0
187.781
244 807
034,000
68.472.t8

-8 0
—19 8
-1 3
+17 9
—22 0
—18*8
+0*9
+15*3
—12 9
+40
+19*0
-10*8
—30*7
-4*1
+25 0
*t 10*6
-+0 *
-f 2 i 5
-4 3 8
-8 1

2

1

7 142,100
600,124
609 545
24.7*7 l ' l

* Wot Included la totals.

ll.90 0.lf0
7 103 641
1.240,921
1,49*,275
*.8? 388
697 e;7
22 926.660

189B.

4: 0,268 3 9
63 347,91H
13,29 43C
10.63) ,627
3.719 680
1 422,3 +
1,333.i 4t
803,62;
787.30*
500,805
25 .700
516,345,35(

576,1*63,300*
03,261,96k
15.7 29.709
12 308+29’
4,302,771
1 741,105
l,<t9.22*
1.010,20^
734 + 87
794,721
321,200
613,010,170

—90
-0 0
—4 5
—7-4
—138

01,852 92f
3.440 20<
1.761.805
1.229,17k
1,200,70
1.) 70.«96
1.168.626
592 11
bl4,80r>
325.184
70,153,551

89 878 88C
4 005,9002 081,078
1 00D. 151
1.117.938
1,342,169
1,386.907
742 346
060 320
472.9U
104.300 106

71.103 077
8.067.15C
4 852+6;
5.306,107
4.405,83 ■
3.034.0 0
1.454 25::
1.2 9 9 '1,284.165
030.02
49? -3
278 719
201 3'7
221,00*
185.7?2
102,20.*
152+1?
132 7. 1

83+61 183
11 574 060
8.252 915
6+43,8W1
5 631 835
3.974,200
1.351,5*4
1,9 6,569
1 V’55.858
821007

--tf's

+ 2 ..

+1-7

-t-0 0
f2S ■-)
—l 8
—0 3
—47 7
T 6*2

—3*
T o ta l a l l . . . . ....... 1.090 985,592 1.138,168,8116
O u tside N. York. 426,907,9*4 445,827,8r.8 _ —4*2
M o n trea l................
T o ro n to ..................
H a lifa x ...................
W in n ip eg...............
H a m ilto n ...............
S t.J o h n ..................
T o ta l Canada ...

1896

—33
—*vfc
+ 19 1
—19*
-18*8
+ 6'k
-a 2
—l-a
—36
-1 2 2
—21 4
—3*0

+17 0
+0 6
—0*3
-5*0
-1 0
—147
+ 7 81

101,224.445

*307/ 76
259 9.9
2‘ 7 730
<353 302
194,017
180 659
163 6 3
124.750,000

10,550.012 ' 12.f30.7
049 in*
i.c;8 ,o 'o
98 ,0 ’ 1
1 075 9)7
8’•3,10'h
1 001 362
384.691
760,5'0
447 74
578 400
450,000
639 2> 1
353.804
209,998240.726
276 947
61 008
50 188
18,7/7..: 40
15,165,00
8 8 ’ 4 81ft
6 977 330
2.946 29;
3,308 a ll
1,035 209
494,7. 9
94-,457
601+80
•'*34.148
340/ 19
201 81
288,: 54
57 013
80,13?
20.184,ti9

10 316 8 **
8,075.301
8, »-9 r 00
3 076 4fc09.21-0,3'52 300,000
a .4d?,000
' 80.020
5 3 ‘ 488
3)2 198
317 137
318,067*
46.729
21 843
31 6S7.8S 8

20 140 304
7 52?,474.4-2.40 <
2.840.050
3.979.1 8
3 412.203
1, 32,25
», 00,V9’
1 219,352
745 ( 25
743,6f4
537 953
l^ .S lS
284 P'0
852 85<218.7 45
272 14-2

24.440,350
0,774,7 ’ 9
4/24 281
2/30/20
2+35 011
2,1* 5 092
2.194,293
1.137 435
1,20 ,843
800,879
840 6> 8
050 OOO
400 000

. a;i2 ,ouo

61,099.763

52,115 978

790 573 244 . OIK 18'.950
855.514.8 5 1*2,126 ISO
8,9 3,424
6 128 211
1.L4.404
902 432
0"5 741
17 3 0 591

11,018(80
6+10,019
l 111,939
935 649
0 050

nr

T H E C H R O N IC L E .

oH

[V ol. L x v ir

But no doubt it will be asked, does not the national
banking law require each institution iuNew York City
Higher prices for wheat based on evidence of an formed under it to keep a reserve of 25 per cent and
active demand from Europe, a more settled condition make it the duty of tho Comptroller of the Currency to
of affairs among the railroads, another month s very take proceedings against any one of them that permits
favorable foreign trade statement, lower foreign ex­ its holdings of cash to fall below that limit ? That is
change accompanied by engagements of gold in Europe the view of tho law some writers appear to accopt as
for New York, indications that the movement of money a correct interpretation, but it is not the situation
into the Treasury by reason of the botd salo is very at all. No bank would organize under a statute of
near its end and that an outflow is about to that character. Such a provision would r ke every
set in-these have all been stimulating incidents of crisis the occasion for national bankruptcy; it would
the past week. The only influence tending to dis­ be ruinous to our merchants for it would force the crisis,
turb the markets has been increased stringency in and would consequently be ruinous to our banks which
money aDd the fear that condition gave rise hold their obligations. Very many leaders in financial
to lest rates should go much higher and become gen­ circles think that a banking law to be in best form should
erally troublesome to business interests. As the week have no requirement with regard to reserves. Be that
closes however it has grown apparent to all that these as it may, tho United States statute is constructed
fears were groundless. The latest developments give so as to conform procedure in this particular to
assurance that the extreme in the absorption of about the course of practice any conservative banker f
money by the Treasury through the payments inci­ would voluntarily adopt. It enacts that each as­
dent to the 3 per cent bond sale has been nearly sociation in a central city formed under it
if not quite reached, and that our forecast in must always have on hand in lawful money
this column last Saturday was accurate in assert­ 25 per cent of its deposits, and that any
ing that “very high rates are out of the ques­ one of them which falls below that amount must stop
tion” and that the general situation “ should lead increasing certain of its liabilities until its reserve has
every one to minimize the comparatively unim­ been restored. The part of the Act setting out the
portant fact that the Treasury had for a brief period course to be taken by the Comptroller in this con­
deprived our banks of a considerable portion of their tingency puts a clear statutory interpretation upon the
surplus reserves.” How “ brief” the period will be we whole provision; it provides that the Comptroller
learn from the words of Secretary Gage published “may notify” such bank to make good its reserve; but
Wednesday morning confirming in all respects our not until thirty days after that notice has been served
statements. His words were to tho effect that only can any further action be had against the institution
about 15 million dollars of the bond money remained so situated, and then only in case it does not restore its
outstanding, and that when those had been paid the reserve. Such directions clearly recognize occasions
Government receipts would fall back to their normal for impaired reserves; they permit an impairment
figure and the Treasury “balance will begin to run for thirty days; beyond that they leave the matter in
down under the pressure of expenditures on account the discretion of the Comptroller by making it
of the war and other objects, work on which in many optional with him when ho shall serve the notice.
instances has been held in abeyance for a long time.” Do not these suggestions show that altogether too
The contraction in the supplies of cash in bank much importance is often assigned to the mere fact
and their absorption by the Treasury has made that the surplus reserve is low and that some of the
promipent, and so drawn attention to, several inter­ banks are below the limit. That would be a circum­
esting parts of the combination which forms our stance of weight when other conditions were also ad­
complex monetary system. One of these, the Sub-Treas­ verse. But when every other factor indicated strength
requirements, we have written with reference to as is the case now, it might induce a little closer
in a subsequent article.* Another, which the occasion scrutiny of collaterals and a tendency toward higher
ha3 shown needs a few words of explanation, is the rates, but other than that it ought not to occasion
office or function of bank reserves. Many apparently concern.
think that they are collected and held not to be On Wednesday the Bureau of Statistics gave out
issued but to be looked at; in other words, that they the foreign trade figures for August. As said above,
are in their entirety a sign of solvency, and if trenched they add another to the favorable merchandise bal­
upon at all, the signal of danger is to be given ances which have now been continued without inter­
the public and a condition of alarm created as if the in­ ruption for fourteen months, and afford likewise a
stitutions so doing were in a state of semi-bankruptcy. further assurance that we shall not want for money if
The truth of the matter i3 the reserves of the banks, a real need comes in the course of our industrial
as we have often remarked, are provided for U3e. revival. The merchandise balance in August was
They hold much the same relative situation as the re­ 135,430,000, making for eight months ending with
serves of an army hold; any crisis or emergency is August 31 1898 a total of $352,261,987, which is the
likely to bring them into activity, a smaller or larger largest for that period ever recorded ; the next in size
percentage being required according to the intensity of for any corresponding eight months was in 1878 when
the strain, the risk being very trifling and often of no the total was $188,805,224, and tho next was in
account when the reserves are large and the portion 1879 when it was $140,279,159, and the next was
withdrawn is only a fraction of the whole. This last re­ in 1881 when it was $114,394,327. What gives to this
mark affords a reply to tho inquirer who could not condition special impoitance is the fact that with
see why, when the surplus reserve was in many cases August begins tho period of our largest merchandise
already below the legal limit, we specified last week exports. It would hardly seem possible that a move­
among tho sources of strength the unusually large ment of considerable gold from Europe within the
coming two months could be prevented. With such a
gross reserves of our banks.___________________ _
article has been crowded out to day, but will appear next supply assured, added to an outflow from the Treasury
t h e f in a n c ia l s it u a t io n .

u ry

*T h le
w eek.

September 17, 1898.J

T H E C H E O N IC L E .

of accumulations made during recent weeks, there
would appear to be little doubt of our having funds
enough to supply the interior demand, even if indus­
trial expansion should make the requirement larger
than in late years.
The present is to be a year of good, though not of
unusual crops. This is plainly the inference to be
drawn from the report of the National Agricultural
Bureau issued last Saturday. The Bureau finds an
impairment in the corn crop during August of only
2’9 points, leaving the condition 81T, which com­
pares with 79'3 in 1897 and 91'0 in 1896. There was
a marked deterioration in three important pro­
ducing States, condition in Iowa declining 10
points, in Kansas 9 points and in Nebraska
23 points. The average in the last-mentioned
State is reported only 62, against 85 a year
ago, hut in the other two States the loss from
last year is comparatively small, Kansas standing at
69 against 69, and Iowa 82 against 92. It should be
noted that in what may be termed the corn belt of
the Middle We3t great improvement occurred during
August; thus in Ohio there was a gain of 3 points, in
Indiana 9 points, in Illinois 8 points and in Missouri
3 points. In this section the crop will be
much better than a year ago, and doubtless
the best in years. The Bureau report occasions
surprise in making the general average for
wheat only 86-7—but one point higher than on
September 1 1897. The spring-wheat yield will cer­
tainly be considerably in excess of that of last year.
The condition of the oats crop is reported 79-0, against
84-6 in 189? and 74-0 in 1896. As regards the cotton
prospects the Bureau admits a great decline during
August, bat after the decline still puts the average
somewhat higher than in September last year, making
it 79-8, against 73-3. In this case however the com­
parison is without doubt misleading as an indication
of the relative yield in the two years, for there can be
no question that the present crop will be smaller than
that of last year.
It is reported to us that the deposits in local depos­
itory banks have increased thi3 week about 85,000,00 );
the number of depositories in the interior has been
augmented and public money placed therein, secured
either by 3 per cent bonds or by allotments for these
obligations. High rates for money, likewise, have
attracted fairly liberal offerings on call from near-by
and on time from distant cities, while foreign ex­
change being weak at the gokl-imjmrting point, an­
nouncements wore made of 83,120,000 engaged
for shipment from London, and other engage­
ments were probably made that were not announced.
The amount of the 3 per cent bonds already distrib­
uted was reported on Wednesday at 8123,870,640; of
this amount 8101,175,880 has been sent to subscribers,
812,061,200 ha3 been deposited in the Treasury to
secure circulation and 810,633,560 to secure public
deposits. As these deposits were reported on Thurs­
day at 874,504,416 at all points in the country, against
869,433,860 on Saturday, it is assumed that a consid­
erable amount must be secured by bond allotments
I for which the bonds will be substituted as rapidly as
issued. What amount of the October interest on the
4 per cents has been anticipated we do not know; the
amount of thi3 interest is not large, being only
85,596,467; a3 yet few of the currency 6s, the redemp­
tion of which has been ordered, have been forwarded
for payment, probably because holders prefer to retain

555

them until maturity instead of cashing them at a re­
bate of 4 of 1 per cent.
Money on call, representing bankers’ balances, has
loaned at 24 and at 5 per cent this week, averaging
about 3f per cent. The higher rate was first recorded
on Tuesday. The unfavorable bank return of last
Saturday induced a quite general marking up of
call loans by banks and trust companies on Mon­
day to 4 per cent, and there was a good demand at
the Stock Exchange, which caused an advance during
the morning to 4 per cent, and the principal borrow­
ing for the day was before noon. Later the inquiry
grew lighter and the rate fell to 2f per cent, but it
wa3 3 “per cent at the close. In some cases lenders
discriminated against such collateral a3 had been most
seriously affected by liquidation and by bearish
pressure, and on the following day there was
some shifting of loans and an urgent demand
for money early in the day, which forced the
rate to 5 per cent before noon. The loans later
in the day were at 34 and at 4 per cent, and the
latter was the closing rate; the bulk of the business
wa3 at 4 to 44 per cent. Rumors of gold engagements
had only a temporary influence, for they could not be
confirmed, and the maintenance of the 4 per cent
rate by the banks and trust companies tended to in­
duce other lenders on the Stock Exchange to seek to
obtain the highest rate for their money. On Wed­
nesday the tone was easier. The early loans were
made at 4 to 44 per cent, bat later in the day a more
abundant supply caused the rate to fall to 24 per
cent and the market closed at 3 per cent. On
Thursday and on Friday the range was from 34
to 5 per cent, closing at 4f. As noted above,
banks and trust companies quoted 4 per cent as the
minimum and some demanded 44 for new business over
the counter. There was only a moderate demand for
time money and offerings were fairly liberal at current
rates, with a supply from Chicago and other distant
points as one feature. Rates were firm early in the
week at 4 per cent for sixty to ninety days and 44 for
four to six months, but later four months’ money was
offered at 4 per cent and some loans were reported at
44 for seven and even eight months. Commercial
paper is in fair supply and a few of the city institu­
tions are buying, being tempted by the high rates,
and some business has been done for country banks..
Rates arc 4@41 per cent for sixty to ninety day en­
dorsed bills receivable, 4}@5 per cent for prime and
5@6 per cent for good four to six months’ single
names.
The most important feature in the European poli­
tical situation this week has been the crisis in Crete
growing out of the recent massacre of Cretans and of
British soldiers at Candia by the Turks andMusselmansThe assassination of the Empress of Austria seems to
have aroused the foreign governments to the necessity
of concertingmeasures for dealing with Anarchists
as criminals instead of political offenders. The
Spanish Cortes on Tuesday sanctioned the sign­
ing of the peace protocol by a vote of 171
to 43. The Bank of England minimum rate
of discount remains unchanged at -24 per cent.
The cable reports discounts of sixty to ninety day
bank bills in London I f per cent. The open marketrate at Paris is I f @ If per cent and at Berlin and Frank­
fort it is 3J@4 per cent. According to our special
cable from London the Bank of Englandlost £101,243:
bullion during the week and held £34,650,808 at tha

553

T H E C H R O N IC L E .

close of the week. Our correspondent further advises
us that the loss was due to the import of £52,000 from
the (hope, to the export of £152,000 (of which £131,000
were for Germany and £21,000 for the United States)
and to £1,000
sent to the interior of Great
.Britain.
The foreign exchange market was quite dull and
barely steady until Wednesday, when it grew weak not
only for sterling but for Continental in consequence of
liberal offerings of grain and cotton futures and alight
demand. The comparatively dear rates for money
doubtless had some influence in deterring purchases,
bankers finding it more profitable to loan their funds
than to buy bills. The weak tone on Wednesday
served to check offerings, holders of bills looking for a
slight reaction the followiug day, but jth o ’ tendency of
the market was dowuward. The tone was weak on
Friday.
It was announced on Wednesday that
$1,600,000 gold had been engaged in London by Lazird
Freres for shipment hither and later engagements of
$1,520,000 make the total $3,120,000. The arrivals
of gold from Europo during the week have been
$339,320; previously reported $3,755,876, making
the total arrivals on this m ovement]$i,145,196. The
arrivals of gold from Europe in transit for Cuba this
week have been $1,652,010; previously reported,
$2,796,555, making the total $4,448,575. The range
for nominal rates for exchange opened on Monday
-at from 4 831 to 4 84 for sixty day and from 4 85J to
86 for sight, and there was no change until
Tuesday, when the range was from 4 83 to 4 84
for sixty-day and from 4 85 to 4 86 for sight.
On Thursday further reductions made the range
from 4 83 to 4 83£ for the former and from
4 85 to 4 851 for the latter.
The market opened
dull and fairly steady on Monday with rates
for actual business unchanged compared with
those at the close on Friday of last week at 4
4 824 for long, 4 S41@4 841 for short and 4 S4|@4 85
for cable transfers.
Though the tone was barely
steady on Tuesday, there was no change except in
Continental, bat on the following day the market grew
weak and rates for actual business in sterling were re­
duced one-quarter of a cent, to 4 82@4 82J for long,
4 84@4 84)-for short and 4 844@4 84f for cable trans­
fers.
On Friday the only change was a reduction of
one-quarter of a cent in long to 4 81|@4 82.
The
following shows daily posted rates for exchange by
some of the leading drawers.

net

4

82l@

FB I..

M o n ..

T u b s ..

S e p t . 0 S p t . 1 2 S e p t . 13.
3 row n Bros....... : stffht....
60 days.
Magonn k Co.. ! Bight*...
Bopk British
CO days.
Wo. A m erica .. 1S igh t....
Bank o f
60 days.
M o n t r e a l........ * S ig h t-..
6 0 days.
Canadian Bank
Of Comm erce.. ! S igh ts..
H eldelbacb, lek - 5 60 days.
elh eim er k Co. 1 S ight....
6 0 days.
Latard Freres... it Sight....
M erchants' Bk. f 60 days.
o f C a n a da ......

eight....

BS*
85*

8 3*

86*
83*

85*

ss*
86*

S3*
86*

SB*
86*
S3*
86*
84

m

85*

Bit Mi
83 *
BS*
85*
"3*

83K-8

85}*- 5
83 *
86*
83*

85*

8 5*
86*
83*
86*
83
85
S3*
85*

84

84

85*
88*
85*
83*

85*
83*
86

88 *

86

W * £ .. T a u a ..
Sep:. 14. Sept. 15.
83
83
85
86
83 *
83*
8.,*
8 6*
83 *
S3
86
8 5*
83 *
83
8 5*
86
8 8*
83
85*
85*
83
83
85
86
83*
88
85*
85
84
S3*
86
85 *

ffR l .

S e p t.

13.

S3
85

83
85
S3
85
83

86

85

83

85
S3
36

S8f

The market closed weak on Friday, with rates for
actual business 4 81f@ 4 82 for long, 4 84@4 841 for
■short and 4 841@4 84| for cable transfers.
Prime
commercial 4 81!@ 4 811 and documentary 4 80f-@
4 8LJ. Cotton for payment, 4 80 f@ 4 811; cotton for
acceptance, 4 8L1@4 811, and grain for payment
81@4 811.
The following statement gives the week’s movement
f money to and from the interior by New York banks.

4

1Vox,, LXVII.

IFeafc E r u l i n g S e p t ... 16, 1808.

R e c e i v e d b y Shipped b y
V. F . B a n k * . N . Y . B a n k * .

N e t I n te r io r
M o v e m e n t.

* o l d .............. * ..................................

$4,761,000
832,000

$5,650,000 Loss.
1,194,000 Loss

T o ta l go ld and le g a l t e n d e r * .....

$5,693,000

*0,844,000 Lo9s.$l,261,000

$889,000
382.000

Result with Sub-Treasury operations and gold imports.
W n k SncMn, S t r t . 1«, 18W.

In to
B a nks.

S a n k # 'In terior m ovem en t, as a bove
R ib-T reasu ty oper. and g o ld im p ’ts

$5,693,000
24,830,000

Cut o f
B a nks.

N et C hange in
B a n k H o ld in g s .

$8,844,000 Loss.$1,251,000
28.800,000 Loss. 4,000,000

T o ta l go ld and le g a l ten d ers....... $30,393,000 $35,644,000 L o s s $6,251,000

The following table indicates the amount of bullion
in the principal European hanks.
Bank of

Gold,
S

Sept, 16. 1898.
Silver. Total.

S e p t.

Gold, j
£

|

10. 1807.

S t iv e r .

lo ta l.

X

£

England...... 34,650,803 ........ 1 24,0)0,808 35.311.749 .............. 35,311,749
F ra n c e ........... 74.851,894 49,015,279 124,407,173 80,257.800 48.683,332 128,821,132
Germany...... 27.939.000 14,823.000 42,332,000 27.749.000 14,295,000 42,044,039
Russia.......... 100.583.000 4.218.000 110,806,000 92,000,0001 4,726,000 97.416.000
Aust.-Hung’j- 85.232.000 12.595,000( 47.817,000 38,182,000j12,51 L.QOQ 50.073.000
B p a in ......... 10.656.000 5,481,000‘ 10,140.000 9.028,000 10,690,000 19.618.000
Italy .......... H,778.000 2 , 195,000 ' 10,073,000 15.200.000 2,449,000 17.709.000
Netherlands. 4.314.000 6.780.000 11,091.000 2,032.600j 0,818,000 0,470,000
Nat. Belgium. 2.877.000 1,439,000j 4,316.000 2.820.000 ( 1,413,00 j 4,239,000
Tot.this week 311,876.702 96.719,279 403,505.931 303,910,549 10335,333 405.301,831
Pot. prev. w'k 314.663.001) 97.490,57 7'4 12.054,2 H 306.658.803 101847645 407,503,448

N O R TH E R N PAC IFIC R E -E STA B LISH M E N T.
The wonderful recuperation which has occurred
within the last two years in the traffic and revenues
of the Northern Pacific—a recuperation so far in
excess of expectations that even those administering
the property have thought it a matter of prudence to
make provision against a possible set-back— recalls the
revival and unexampled period of prosperity which
the railroads of this country enjoyed in the years fo l­
lowing the resumption of gold payments in 1879.
Our readers will remember how in this former era
apparently worthless properties wore suddenly trans­
formed into dividend-paying concerns, and how many
observers found it bard to believe there could be an
element of permanency in such a quick recovery.
The country had then for a number of years, begin­
ning with the panic of 1873, passed through a long
period of depression, under which railroad earnings
dropped lower and lower, and defaults and receiver­
ships were a common, every-day occurrence. The
change from adversity to prosperity came all at once,
and the period will always stand as one of the most
noteworthy in American history.
There have been many points of similarity between
the revival which set in in 1897 and that which had
its origin in 1879. It must he admitted, however,
that those who counted on a similar all-around trans­
formation, such as occurred in the earlier year,
have been distinctly disappointed. The revival, while
general in nature, has worked only moderate instead
of very marked improvement in many sections of the
country. The explanation i3 very simple. In 1879
the country had not attained the degree of develop­
ment. to which it subsequently advanced. In the in­
terval between 1879 and 1897— a period of eighteen
years— this development reached important propor­
tions in the older parts of the country, so that there
was not in those sections this time the same oppor­
tunity for new growth and expansion that there was in
the earlier part; besides which the railroads have had
a very unsatisfactory rate situation to contend against.
It was only in the newer and as yet hut sparsely set­
tled districts— the Northwest (as it is called), the
Southwest and the Pacific Coast—that the chance
existed for a repetition of the experience of 1879, and

September 17, 1898.J

T H E C H R O N IC LE ,

557

a3 has happened the results have proved equally note­ the auditors, after such examination have appended
their certificate endorsing the accuracy of the ac­
worthy and equally gratifying.
On the North Pacific Coast particularly the recovery counts. But the question being such an important
and revival have been of large dimensions. That ter­ one, we desire to give broader attention to it. In the
ritory was the first to feel the recent period of depres­ first place if is somewhat, misleading to say that the
sion, there being indications of a downward reaction road was operated for less than 50 per cent. The
even before the panic of 1893. After that crisis the compauyjreports the ordinary operating expenses at
outlook became decidedly discouraging. Real estate only $iI,u»o,37i, which, based on gross earnings of
values crumbled away, boom towns collapsed, farmers $23,679,718, gives, it is true, a ratio of less than 50
netted only poor returns, and misfortunes piled upon per cent. But the operating expenses as here reported
each other in quick succession. But in all this there do not include the taxes, amounting to $682,800.
was laid the foundation for the recovery which has Furthermore, as the point at issue i3 the sufficiency of
now worked such a wonderful change in the condition the charges for renewals and repairs, obviously the
of all the railroads in that part of the United States. $811,709 deducted in a separate item from net income
The depression served to squeeze every particle of in­ for additions and improvements ($296,000 of the
flation out of values, and all enterprises of an unsub­ amount representing additions to equipment and
stantial character necessarily went to the ground. As $515,709 other additions and improvements) should
a consequence, a better and more enduring condition also be included. Adding these two items, the total
of things developed. In addition there came last year of the expenses is raised to $12,589,880, and on this
a striking combination of favoring influences—excel­ basis the ratio of expenses to earnings is somewhat
lent crops, high prices for farm products, the Klon­ over 53 per cent.
dike gold discoveries, and a number of other stimu­ It will be urged no doubt that even at 53 per cent
the ratio is from 10 to 15 per cent less than what it is
lating elements.
We refer to all this to show upon what basis the on many other large systems—say on the trunk lines—
great recovery in the revenues of the Northern Pacific and the statement in a general may be admitted to be
rests. There are no comparisons in the report (the correct. It is natural to ask, therefore, how the differ­
new company having been in possession of the prop­ ence in favor of the Northern Pacific is to be ex­
erty only a year and ten months), and therefore few plained. In the discussions of the subject it seems to
persons doubtless realize the extent of the improve­ us the most important element in the whole problem
ment which has occurred. Hence it seems desirable is overlooked. We refer to the rate received. If it
to point out that as compared with only three years costs, say 5 mills, to move a ton of freight a mile, and
ago the addition to gross earnings has been about the rate received is 7 mills, the ratio of expenses will
million dollars, the total rising from $17,431,981 to be over 70 per cent. If on the other hand it costs 5
$23,679,718, and the addition to net even more mills per unit of work, and the rate is 10 mills, the
than 6£ millions, the net revenues advancing from ratio of expenses, other things being the same, will be
$6,115,298 to $12,584,318. The augmentation in this only 50 per cent. The Northern Pacific has in recent
last instance, it will be observed, has been over 100 years, in common with other roads, suffered a steady
per cent—certainly a most marvelous change in the reduction of its average rate, but this rate is still
short space of three years.
above one cent (10 mills) per ton mile, having been
The effect of the improvement noted upon the for the late year l-06£ cent. On the trunk lines on
company’s income statements is already known]to'our the other hand the rate averages only from 5 to 7
readers. After allowing $811,709 for additions and mills per ton mile. At the same time, as will pres improvements to the property, and providing for all ently appear, the Northern Pacific has managed to
the year's charges and for the full 4 per cent dividends develop a train-load which approximates closely to
on the $75,000,000 of preferred stock, there was left that of the trunk lines.
a surplus balance of $2,897,874, equal to 3£ per cent Apart altogether from the question of rate, how”
on the $80,000,000 of common stock. As stated two ever, all the energies of the management have been
weeks since, the Board of Directors have, as an act bent to promoting efficiency and economy in opera­
of extra conservatism, taken this surplus of $2,897,- tions, which serves to suggest why the ratio of ex­
874, together with enough more out of the surplus of penses to earnings now is lower than it was in former
the previous year to make an even $3,000,000, and years. Grades have been revised, weight of engines
set the amount aside as a reserve to ensure the has been increased, capacity of cars enlarged, tunnels,
continuity of dividends upon the preferred shares.
tracks, bridges, &c., improved, more care given to
One fact in connection with the company’s opera­ loading of trains, &c., &c. President Charles S.
tions deserves, perhaps, a few moment’s consideration, Mellen states that the favorable winter Jof 1897-98
a3 it has been quite extensively discussed in Wall and consequent freedom from accident and block­
Street. We refer to the low percentage of operating ade helped materially to produce the favor­
expenses to earnings shown in the report. It is able result shown, but that the ^improvement
claimed that the road was operated for less than 50 was due more than all else to “ the economies
per cent, that this is very unusual, and hence the accomplished by grade reductions, by substitution of
broad intimation is thrown out that the property must permanent for temporary structures |in the roadway,
in some respects have been neglected—that repairs and by the employment of modern Jpower in place of
and renewals possibly were not up to the requirements. that previously available.” In another place he states
We might dismiss this insinuation with the simple that the satisfactory result of the year’s work may be
statement that the accounts of the company have attributed largely to the marked increase in train-load
been subjected to an independent audit, that in and car-load and to the consequent decrease in cost
this examination particular inquiry was made per ton mile. General Manager Kendrick dwells on
into the correctness of all charges to capital the same points, saying .'that “ the systematic work
account, and that Messrs. Price, Waterhouse & Co., of this and previous years has resulted in "dtting it

558

T H E C H R O N IC L E .

[the property] into such excellent condition that it
will soon be possible to maintain it with mu oh smaller
expenditure than heretofore.” And his report abounds
in illustrations indicating the numberless ways in
which the efficiency and condition of the property have
been improved.
The most effective method, however, of showing the
great change which has been established in these
respects is to compare present train-load statistics,
mileage and revenue per train mile with those in the
past. In this way we get really striking’results. And
we need not go back far, either, to discover evidences
of the change. The transformation has in the main
occurred during the last t wo years. We find from the
report of the receivers for 1894-5 that in that, year the
road handled 3,781,310 [tons: in 1897-8 it appears
from the present report it handled 4,95 L,183 tons,
being an increase of somewhat over 30 per cent. The
tonnage movement one mile in the same interval rose
from 1,177 millions to 1,618' millions, giving
about the same ratio of increase. Yet with
30 per cent more tonnage the freight train
mileage was actually reduced over a mil­
lion miles. What does this mean? It means that
the road moved ’165 tons in each train in 1897-8,
against only 164 tons in 1894-5. This in turn means
that with a slightly lower average rate received the
company’s freight trains earned a dollar more per
mile in 1897-8 than in 1894-5, the comparison being
82-85 against 81-84. We doubt if so marked a change
has ever been effected in so short a time on any other
railroad property. The following gives the figures in
tabular form. We have added the statistics for 1S92-3.
This makes the results still more striking, the freight
train mileage in that year having been 8,938,543 miles,
against only 6,115,784 miles for tlie late year.
1894-5.
1892-1.
Tons
of revenue freight 1897-8.
carriel...............
4,931,183
3,781.316
3,514,104
Tons of revenue freight
carried
one
mUe.........1,618.170,234
1,177,156,867
1,364.782,652
MUesrunbyfreighttratns 6,115,784
7,189,057
8,938,543
Number
freight in"tons
trainsrevouue
__
265
161
153
Rate per ton per mile ... 1-083 cents
1-11 cents
1-23 cents
Earnings per freight train
mile..................
$2-85
$1-84
$1-90

One other comparison seems desirable. As a result
of the increase in train-load and the other economies
in operation, we should expect a reduction in the cost
of conducting transportation, a3 the expense of mov­
ing a 265 ton train-load [would be but little heavier
than that of moving a 164 ton train-load. This is just
what we do find, and it is to that fact the recent decrease
in the ratio of expenses to earnings must be referred.
As already stated, gross earnings since 1894-5
have increased from $17,434,981 to $23,679,718. Ex­
penses, however, on the larger earniugs of 1897-8
were only $11,095,371, against $11,319,683 in 1894-5.
If the expenditures for improvements and additions
are included in the 1898 total, the comparison would
be $11,907,079, against $11,319,683. Taking this as a
basis and analyzing the different accounts, the fact
appears that on the larger business of 18.98 cost of
conducting transportation was only $5,572,645, against
$5,948,359 in 1894-5, while at the same time the gen­
eral expenses were only $663,456, against $1,057,609.
Here, then, there is a saving under these two heads
(where true economy in operations is certain to be re­
flected) of 1769,867. On the other hand the company
actually spent $931,000 more for maintenance of: way
(including the allowance of $515,709 for improve­
ments separately charged) and $426,000 more (includ­
ing $290,000 for improvements) upon maintenance of

[V ol. LXYII,

equipment. These figures tell the story so plainly
that it is unnecessary to supplement them with further
comments. We present the results below in tabular
form, adding, as in the other case, the corresponding
■ figures for 1892-3.

S
S
Total
gross oarotngB....... 23,679,718
17,431.981
23.920,109
O perating etpen-te*—
Mai
u. of way X-atruotures
*3,653,213
2,72 2,424
3,775,519
Maintenance
of equip__ *2.017,765
1,591,291
2,278,990
Conducting trauenortuL’n 5.572.615
5,948,359
6.774,345
Genoralexpenscs............
063,456
1,057,609
1,642,918
Total ex. (without taxes) 11.007.079 11,319,683 14.471,772
Not earning*....................
9,448.337
Ratio
of exponaesto earn­ 11,772,639 6,115,298
ings, not. iuel, taxes.__ 50*28%
64-92%
60-50% *
*
Intending
under
maintenance
of
way
$515,709
and
under
ment $21)6,000
spent
additions
improvements,
hut byequip­
the
company
deducted
fromforearnings
aa aand
separate
Item.

It will be observed that gross earnings in 1897-8
and 1892-3 were closely similar, being over 23 millions
in each year. But expenses were only $11,907,079 in
1898, including the charge for improvements, while
in 1893 the amount was $14,471,772. The difference
is almost entirely due to a saving, roughly, of 11 mil­
lion dollars in cost of conducting transportation and
the saving of another million dollars in the general
expenses, making 2J million dollars together. The
maintenance expenses in 1893 included some excep­
tional items, and cars and everything else cost a. great
deal more at that time, and yet for 1898 these main­
tenance expenses were almost as large as those for the
earlier year. In view of such results there can be
nothing mysterious or incomprehensible about the
lower ratio of expenses to earnings now shown.
IL L IN O IS C EN TRAL’S P R O SP E R IT Y .
Among large railroad systems, the Illinois Central
holds a distinctive position. Its business has been
developed along longitudinal lines, running as
the road does north and south. Generally speak­
ing, the large systems in this country, as is well
known, run east and west, and have developed
their business along parallels of latitude. In the par­
ticular mentioned, indeed, the Illinois Central may
be said to stand almost alone. From Chicago
to New Orleans over the Central is 923 miles.
There is no other north and south line of equal
length in the country. Moreover the system has
long been established on a prosperous basis, and
has earned for many years good dividends for its stock­
holders. At the same time the management have
been peculiarly successful in meeting the expectations
of the communities which the system serves. With
New Orleans at one extreme and Chicago at the other,
the interests of both cities are so carefully looked
after that the question is never raised whether the
system is to be regarded as tributary to the one or to
the other. The people of both cities take equal pride
in the road.
In recent years the company has enjoyed another
distinction. The mileage of the system has been
greatly extended, involving of course additions to
stock and debt. This policy was pursued even dur­
ing the years of depression when other large systems
were not disposed to enter upon new ventures. The
most noteworthy feature about thi3 policy has been
that the company ha3 been able to carry it through with­
out impairing, but rather enhancing, its prosperity.
No stronger evidence could be furnished to show the
success attending the effort and the fact that the man­
agers have acted will skill and discretion in acquiring
the new lines. Moreover, even though most of these
lines are now operated as part of the Illinois Centra

September 17, 1898.]

T H E C H E O N IC L E

system and included in its accounts, the results on such
lines are also stated separately, so as to show plainly
their profitable character and desirability. This is
rather unusual, as generally the results on new lines
are concealed in those of the parent system, and no
attempt is made to enlighten the security holders as
to whether the added mileage is proving profitable or
the reverse.
These remarks are suggested by the appearance this
week of the report of the company for the fiscal year
ending last June, in which the affairs Jsf the new lines
occuDy such a prominent place. During the year the
mileage on which operating results were based was
increased no less than 678 miles, raising the total to
3,808 miles, not including the 807 miles comprised
in [the Yazoo & Mississippi Valley Road which is still
operated separately. The report enumerates six lines
which make up the 678 miles added, the chief pieces
being the Louisville Division (formerly the Chesapeake
Ohio & Southwestern) and the Ohio Valley. A state­
ment is given showing that the available net earnings
on the Louisville Division for the twelve months were
$687,517, while the net charges which the Illinois
Central had to meet on this division were only
$501,885, leaving a surplus from the operation of the
division for the twelve months of $185,633.
Another important acquisition in recent years has
been the St. Louis Division, comprising the former St.
Louis Alton & Terre Haute RR. The net earnings of
this division for the year are reported at $518,139,
with charges of only $502,399, leaving a balance of
$45,710. These lines are all included in the returns
of the Illinois Central itself and help explain the very
favorable results disclosed for the year, to be noted
further below. The Yazoo & Mississippi Valley, which,
as already stated, is operated as an independent cor­
poration, shows even better results. The road is the
former Louisville New Orleans & Texas Ry. That
this property is prospering is evident from the fact
that net earnings of the 807 miles covered by it, which
in 1892-3 had been $759,139, for 1897-8 were $1,569,028. With net of $1,569,028 the obligatory fixed
charges were only $785,202, and the company was able
to apply $381,068 in payment of outstanding notes.
The Illinois Central owns all of the first mortgage
bonds, all of the second mortgage bonds and all but
$96,000 of the third mortgage bonds of this road.
Practically, therefore, the capitalization of the Central
may be said to cover not merely the 3,SOS miles
directly reported on but also the 807 miles of the
Yazoo &]Mississippi Valley, making 1,615 miles alto­
gether.
The report gives in detail the history of the various
smaller roads acquired during the year, namely the
Ohio Valley, the Hodgenvillo & Elizabethtown, the
Troy & Tiptouville and the Stacyville. In each case,
also, the charges assumed are stated and the reasons
mentioned for the lease or purchase. This is dealing
openly and fairly wich the security holders. With
reference to the St. Louis Division and the Louisville
Division and, indeed, with reference to all the new
acquisitions,, the fact that considered locally by
themselves these properties have each earned during
the year somewhat in excess of the charges incurred
in respect to them, while in itself gratifying, by no
means measures their value, as the report points out,
to the Illinois Central. This i3 more clearly reflected,
it is well said, in the increased earnings of the prop­
erty taken as a whole.

559

Concerning the income results for the year, it is
scarcely necessary to state that the showing i3 highly
flattering. Owing to the increase in mileage, compar­
isons as to traffic and revenues with previous years are
largely deprived of thoir utility. But the true test as to
the profitableness of operations is found in the final
result—the balance below or above the amount needed
for dividends. It is precisely in this particular that
the statement is especially encouraging. After allow­
ing for charges aud expenses, the balance available
for dividends on the operations of the twelve
months was $1,388,655. The 5 per cent dividends
paid called for only $2,625,000, leaving a surplus of
$1,763,655, against only $153,551 in the previous year.
There has been some talk on the Stock Exchange
of a possible increase in the dividend, but from
the report it appears that, following the instincts
of conservatism, practically the whole amount of
this surplus of If million dollars has been appro­
priated to other uses ; $501,152 has been added to the
Insurance Fund, increasing the same to a million dol­
lars ; $829,000 has been paid out for betterments,
commonly charged to capital account; and $396,000
has been set apart in a Special Fund to provide, on the
basis of contracts already made, for the entire cost of
furnishing the equipment with automatic couplers
and air brakes.
It has been the settled policy of the company to
improve from year to year the standard of mainte­
nance, and in pursuance of that policy the maximum
weight of rail has now been increased from 75 lbs. per
yard to 85 lbs.; the standard width of embankment for
single track increased from 18 feet to 20 feet; the
maximum capacity of coal cars raised from 30 tons
to 40 tons, and the maximum weight of locomo­
tives from 71 tons to 79 tons. Notwithstanding
the large amount of rail used in the pre­
ceding year for renewals (30,155 tons), 31,325 tons
more were applied in the same way in the late year.
Grades between East Cairo and Fulton, in Kentucky,
have been reduced to a maximum of 38 feet to the
mile, and the company has now undertaken the re­
duction of the grades between Fulton and Memphis
on south-bound traffic from a maximum of 60 feet to
one of 26 •! feet, at an estimated cost of $1,200,000.
NEW YORK CENTRAL—NEW METHODS.
It needs only a glance at the annual report of the
New York Central to see that a new hand is at the
helm. The report has been much altered, In part
this is due to the changes incident to the operations
connected with the refunding of the company’s debt
and the acquisition of the stocks of the Lake Shore &
Michigan Southern and the Michigan Central, but in
part also it reflects the inauguration of new methods.
In general the changes have been in the direction of
the simplification of the accounts, though the omis­
sion of some of the comparative tables extending back
many years (if intended to be permanent) i3 to be re­
gretted.
In our issue of Juno 25 we commented at length on
the favorable character of the results for the year
(using as a basis the preliminary estimates then just
made public), and in the man. the complete report
now at hand confirms what was then said. There was
a surplus above the amount required for the 4 per
cent dividends of $054,471, against a surplus in the
previous year of only $51,860. Tin gross earnings
from the operation of the system east oE Buffalo, ex-

£6 0

T H E C H R O N IC L E .

[V ol .

m u,

eluding income from investments, were * 15,774,340, of over 10 per cent in the train load, raising it to 299
exceeding those of any other year, with the excep­ tons. This is revenue freight only. Including com
tion of 1892-3, the year of the “ World’s Fair,” when pany freight the average load was 320 tons—a high
the total was #512,127 heavier. As compared with figure.
the previous year the increase in gross was $2,159,836,
For the current fiscal year gross earnings for July
but the increase in net (before deducting taxes) wa3 show a falling off of $334,033 and for August a fall­
only #218,733, expenses having been added to in the ing off of $208,042. For the quarter ending Sep­
sum of #1,911,103.
tember 30 it is estimated the loss will be nearly a mil­
This augmentation in expenses followed in part from lion dollars. But it is known that the saving in ex­
the great increase in the volume of traffic (the com­ penses will be equally marked, and accordingly it is
pany having moved 3,000,000 [tons more freight believed the net result will not be materially changed.
and 907,000 more passengers than in the preceding The smaller gross receipts are due to the falling off
year) but there was a further contributing cause in the in the grain movement, which last year was of un­
inclusion of $1,345,948 representing extraordinary usual dimensions, and this year, owing to the Loiter
outlays for equipment andjmiscellaneous additions to operations, has dwindled almost to nothing. The
the property. In the cost of maintenance of way company carried nearly a million tons more of grain in
there was a small decrease, which the report says is the fiscal year 1897-8 than in the fiscal year preceding,
due to the fact that the extraordinary replacements of hut it was taken at very low rates, and we should
rail from 1891 to 1897 enabled the company to main­ think there could have been very little profit in thetain its track superstructure without heavy renewals operation.
Up to June 30 1898 the Central had acquired, rough­
In the year just closed. In the cost of maintenance
of equipment, however, there was an increase of $551,- ly, 45 million dollars of the 50 million dollars capital
719, which is explained in the way already[mentioned, stock of the Lake Shore and 15 million dollars of thenamely by the outlays of an exceptional nature made 18f millions stock of the Michigan Central. The
during the year.
President Callaway states that balance sheet shows $11,111,341 of current liabilities^
$1 ,157,338 of the charges for maintenance of equip­ including $457,391 of bills payable, with $10,742,221
ment were of an extraordinary character. They in­ of cash and cash assets, including #2,327,972 of fuel
cluded the cost of 1,090 new cars, 20 new passenger and supplies. The books also show $6,347,091 of ad­
locomotives, the re-upholstering of 150 passenger vances to lessor and other companies. This latter
represents an investment which can be capitalized
coaches, and various other items.
In connection with these equipment outlays Mi*. whenever thought desirable.
Callaway directs attention to an Interesting fact. He
points out that as fast as cars of 15-ton and 20-ton
Railroad gross earnings for August make a much
capacity have been condemned and destroyed, they
have b.een replaced with others of a capacity of from better showing than might reasonably have been ex­
40 to 60 tons. The result of this in increasing the pected. Last year the increase in this month was o f
aggregate capacity of the equipment is not generally unusual proportions, reaching on the roads reporting
appreciated. Thus while the inventory of the equip­ almost five million dollars. On top of this we now
ment for June 30 1898 shows scarcely any change in have a further increase of over 2J- million dollars the
number as compared with June 30, 1888, ten years present year. The large number of roads which have
before, the total tonnage capacity now is 658,905 tons, fallen behind, however (there are no less than 42, o r
about onc-thirdthe whole number), attests the fact that
against only 313,957 tons at the earlier date.
The unfavorable feature in the year’ s affairs was the the conditions were not all favorable. In truth, some
low rate received. The estimate of the average rate of the leading conditions were decidedly adverse.
First and foremost there was a tremendous falling
realized given in our article last June proves to have
been just right, the figure reached being the lowest off in the grain movement in the West, the deliveries
point yet recorded in the company’s history, namely last year having been of unusual dimensions, while the
6-l mills. In the previous year the average had been present year they have hardly been up to the average.
6*8 mills. The decline was not altogether due to the Besides this the cotton movement was smaller than in
demoralization in trunk line rates. The fact that the 1897, and decidedly smaller than two years ago, receiptsincrease in tonnage wa3 largely in low-class freights at the Southern ports being only 60,090 bales agaiust
contributed to the same end. The effect of the lower 93,195 an ! 180,825 bales respectively. Then, also,
average on revenues has already been stated in these there was a contraction in the live-stock movement in
columns. It is reflected in the much smaller relative the West, 22,683 carloads having been brought into
addition to revenues than to tonnage. Thus while the Chicago in August 1898, against 24,503 car loads in
tons handled was 13 per cent larger than in the previous August 1897. Furthermore, the roads running to
year, and the tonnage carried one mile'_19 per cent Buffalo lost the extra passenger traffic which they had
larger, the increase in freight earnings was but six last year by reason of the holding of the Grand Army
Encampment at that point. The present year the
per cent.
It was to meet the new conditions made necessary Encampment took place at Cincinnati and was not
by this steady drop in rates that the Western part of held until the present month, which will explain the
the Vanderbilt system, composed of the Michigan heavy increase now reported for the first week of Sep­
Central and the Lake Shore, has been absorbed by tember by the Baltimore & Ohio Southwestern and
the New York Central, permitting the simplification of the Cleveland Cincinnati Chicago & St. Louis.
Of course there was au advantage this year in
management and the introduction of many economies
in operation. It is the same necessity that is dic­ August arising from the fact that the month had
tating the consolidation of the various fast freight only four Sundays whereas last year it had five, thus
lines so as to afford opportunity for further econom­ giving an extra business day in 1898. It is obvious,
ies. We notice in the last year there was an increase too, from an examination of the returns that a num-

RAILROAD GROSS DARNINGS FOR A UG US1.

T H E C H R O N IC LE,

S eptsmbeh 17, 1898.J

561

ber of roads derived important benefit from the RECEIPTS AT CHICAGO DURING AUGUST AND SINCE JANUARY 1.
movement of United States troop3. The South­
A ugust
Since January 1.
ern Kailway, the Cincinnati New Orleans & Texas
1897.
1890.
1898.
1898.
1897.
1890.
2,915,000 4,041,156 3,112,439 15,639,210 6.836,132 9,521,067
Pacific, the Florida Central & Peninsular and 3Wo heat.bush.
u sh . 11,648,400 21,737,099 11,807,339 83,112,843 68,204,770 56,073,303
the Long Island manifestly all belong in that O arnts ...b
., b u sh . 11,400 425 17,527,420 9,906.953 03,494,732 73,705,914 63,833.938
538,140
389,044
227,508 1.853,430 1,408.092 1,013,253
category. Yet another influence remains to be men­ R ye.. .b u sh . 059,279
497,730
375,402 0,932,155 7,154,055 7,85^,300
tioned. Last year the bituminous coal strike operated BTarley.bush.
o ta l grain 27,042.208 44,341,544 25.483,791 174,032.3*6 157,309,503 133,299,911
253,014
197,839 2,926,038 1,658.722 1,541,269
291,689
as a drawback. The present year thi3 drawback did flo u r., bbls.
38 i
544
85
2,512
1,147
4,431
b ls.
not exist; but that, while a favoring element with the P3 ou rktm....b
17,101,579
10,459,230
10,535,735
157,901,094 107,248,150 100,993.215
’ts.lb s.
3,786.313
51,834,244
3.917,280
3,193,S88
37.5S3.523
4S.519.327
lb
s
.1
Lard-----road3 in the Middle AVestern States, has operated the
a
643,721
499,074 5 /9 3 710 5,342,461 4,838,104
other way in the case of roads like the Norfolk & Among the63i.useparate
roads there were some very re­
Western and the Chesapeake & Ohio, which in 1897
spectable
gains
and
also
some fair-sized losses. Below
had their coal traffic greatly enlarged by reason of the
all the changes above 830,000 in amount.
strike in Ohio, Indiana and Illinois. We present be­ we indicate
PRINCIPAL CHANGES IN G R O S S EARNINGS IN A U G U S T .
low a statement of the August totals for a series of
In creases.
reases.
N o r t h e r n P a c if ic ..............* 4 1 ,5 9 5
Grand Rap. I&n clad
____ $40,572
years.
Chic. Mil. & St. Paul... 239.172 Balt. & Ohio 8outhw... 39,046
August.

Mileage.
Year
Year
Given. Precedin'.l
Miles.
Miles.

1894 (132 ro a d s)......... 93,784
1895 (134 ro a d s )...... 100,838
1898 (125 ro a d s)......... 9 I.H 9
1897 (123 roads)......... 97.362
1898 (127 ro a d s)......... 96,829
Jan. 1 to Aug. 31.
1894 (128 ro ad s)......... 93.570
93,482
1 8 9 5 1 3 Lro a d s ).....
1896 (121 roads)......... 92,900
1897 .119 ro a d s)......... 98,633
898 (127 road s).. . 98,829

93,903
100,536
93,413
95,764
98,439
97,784
99,215
92,164
95,055
98,438

Earnings.
Year
Year
Given. Precedin'].

*
42,799,281
45,002,4 43
40,801,739
45.030.037
48,830,008

Increase
or
Decrease.
*

*
42.462.0f3
44,281,927
41,441,183
40.085,319
40,53?,554

Inc. 337,243
Inc. 720,510
Dec. 1,082,144
Inc. 4.971,258
Inc. 2,297,452

291,033,323 339,573,485
812,806,745 109,853,844
300,732,213 236,058.821
315,22 5,26 >305,309.048
3>«775.434 323.069,5 L7

Dec 47,910,157
Inc. 13,0 37,901
Inc. 15,123,392
Inc. 9,855,633
fnc.3 4.705.017

To indicate the extent of the falling off in the
grain movement it is only necesfary to present the
following statemsnt in our usual form. It will be
observed that the deliveries of wheat, corn, oats,
barley and rye combined were only 49,713,405 bushels
for the four weeks ending August 27, against 71,612,816 bushels in the corresponding four weeks of 1897 :

B10BIPT3 OF FLOOR AND GRAIN FOR FOUR WEEKS ENDING A U G U S T
AND SINCE JANUARY 1.
CMcago-

1 wks. A ug. 1898
4 irks. A ug., 1897
S ince J a n . l . 1898
S ince J a n .l, 1897
Milwaukee
4 w ks. A ug.. 1898
4 fflu . A ug., 1897
Since J a n .l. 1898
S ince J a n .l. 1897
Bt. Louis—
4 w ks. A ' ir ., 1898
4 wks. A n*.. 1897
S ince J a n .l. 1898
8 lnce J a n .l, 1897
Toledo—
4 wks. A ug., 1898
4 w ks. A ug . 1897
Since J a n .l. 1898
S ince J a n .l, 1397
D etroit —
4 wk3. Aug.. 1898
4 w ks. Aug.. 1897
Since J a n .l. 1898
Since J a n .l, 1897
Cleveland4 w ks. A ug., 1898
4 wks. A - 1897
S ince J a n .l. 1898
S ince J a n .l, 1897
Peoria —
4 wks. A ug., 1898
4 wks. A ng., 1397
S ince J a n .l. 1898
Since J a n .l, 1897
Oulutn—
4 wks. A ug.. 1898
4 WHs. Aug.. 1897
Since J a n .l. 1898
8tnce J a n .l, 1897
Minn rnnall9—
4 wks. A ug.. 13»8
4 wks. A ug., 1897
81 nee J a n .l. 1898
Since J a n .l, 1897
Kansas P ity—
4 wks. Aug.. 1898
4 wks. A n*.. 139Slnce J a n .l. 1898
Since J a n .l, 1897

Total of a ll-

Flour.
(bbls.)

IF heat,

943.67.1
232.6*2
2,-iM.OU
1.000,918
212.77 5
P9.0OC
1.5*9,19 j
1,380,950
117 360
111,0 5
*10 /4 •>
816.301
3.603
5,400
23.872
32.01.
19,383
40.55"
1*3 733
16 :.40u

2.393.0 "6
3,407,578
] 5,097.15
0,430.343
616,160
819,^7?
4.741.-02
4,370,161
1.290.779
2,425.921
5.004,337
5,591,758
2.275,877
3.131.7Ji
10,521.140
5,825,528
829.230
1.032,"93
2.437,013
1.095,420
217.780
285 2 20
1,932.711
1,109,44
55,400
48.29"
32 1.050
39 1,2Xi
753 431
1.903.557
12.111 55^
17,899.018
3.9*5.230'
2.701,230,
30.291. *30
28,539,000
2,943 000
4/51 .60"
lo.6ffi5.nO0
8.247,300

4.081
6'*.998
35.561
4 1,350
20. *50
202.020
214,150
514,010
49-.016
1.9 7.010
2.2L0.O1U
4.117
0 5 1(
99.8 IH
07.239

(buth.)

1,181.398 15,155,940
1 /2 4 /4 0 2 -.14 4.572
7.830,345 93,029.2 2
0.505.5-*OA80.105.927

Corn,

(bush.)

Oats,
(bush.)

27

1

Birlcy,
(bush.) j (bush.)

10,019.00 9,059.075 1 43 4 .H ‘
l8.9-»4 60 10.3 *2.059 4 *1,680
80.SH.b49
6.708.901
65,263.43 14.750/3*
1,676,32 7.041.995
089.600
99.200
1.257/00
643,08) 7,0*9.000
78 .000 541.000
5.319.5**0
4.20O/10
1,110,018 0.018,000 4,791,5 5
1.507,6*5 1.107,02"
829 655
H.000
1,823,090
6.532
18.499.lWi
0,726.425 581.001
15,6 J 1,862 7,777,850 t8 &.0*tf
419.047 301.431
1.052,3
831.207
0.81.9838 1.873.8
»t'
«,8J3,:3I
1,187,227 **"* 700
159,211 159,510
075
213,341
230,50861
1,4•>1.4*3 1,010.180
Z 487.011
1,102,17* 819.8-01 809.9 m
S02.675
99.6 3 754,514
10J.255
6.314,200
755.982 4,t'i0,05i
1.5 >2,(00 ' 10,97 ‘
907.050 823 350 30,400
1.537,550
1.312,4 ‘0
10.600
10,432.550
6.05 >,200
13.339,120 8,233,40b 825,359
510,200
4.243
?4 8.4 21
11,429
521.4 -5 1H V-2 *
284261.72-11 3,029.0
7 278. 03

320.514
603.311
1.793,930
1.800,213
114.000
195 401
953.9 !0
902.520
5.408
6 1.919
408/29
3)1.750
48.28)
3 *0.3/1
234.876
423.337
07,809
219/20
333,718
201,084

9 000
" 0 )0
79 100
04.400
214.402
171,311
1.2-1 49»
5.0.4.119 2.5; 0.289 1,090,552
211,770 012 2 0 )
121,6 io; ?8<,17"|
10,470
21.000
4.95 U >0
9,187,490
83,100
46,95*2
33'.000 297.00*
0-7.000 830.0*10
8,823.950 2.303.00**
2,35 4,600
818.512
1.198.2 <5
6.054 111
4.in:i.70fi

The falling off was, as usual, heaviest at Chicago.
The following gives the movement for the even
month at that point, showing a loss of over 17 million
bushels for August as compared with last year.

S o u th e r n R a il w a y ...........

IllinoisNorthern............
Central.............
Great
Fla. Cent. & Penin........
Pitts.
& L. Erie..
Cin. N.Bess.
O. &Tex.
Pac..
Col.
Hock.
V al- & Tol..
Denver & Rio Grande..
Ciilc. & East. IlllnoU...
Mexican
Wheeling Central.........
& Lake Erie..
Burl.&Ced.
& Nor.
Tol.
OhioRtp.
Centra}—
Wabash..........................
Long
Island................
Buff. Roch.
& Pitts......
Ool. Sand.
& Hock........
Clev.
Cln.
Clilo.
& St. L.
Louisville
& NMich......
ishv......
Chic. & West
K a n . C. Pitts. & Gulf...

2 3 5 ,5 70

170,213
163.175
127,854
120,6 21
110,4/8
100,237
95,200
78,138
76,05o>
70,81
67,892
67,539
65,111
57,272
53,750
56,460
54,858
52,562
45,998
43,9 31

Nash.Great
Cliat. Western...
& St.Louis 35,214
Chic.
34,352
8t Louis Southwest__ 33.693
Ciev.
Lor.
& Wheel......
33,420
Pittsburg & Western... 3L,304
Total (representing
37 roads)...............$2,749,141
D ecreases.
N.Y. Central................
$268,042
Grand
Trunk................
98,438
Mo.
Kan.
&
T
exas.......
81,117
Canadian
Pacific.........
71,115
InternatT
& Gt. North. 46,245
63,242
Mo. Pacific....................
Texas
&
Paoifio...........
44,340
Norfolk &Midland........
Western...... 41,229
41,664
Colorado
Total
(representing $755,432
11 roads)..............

The loss in the grain movement has been an import­
ant element with the New York Central and some of
the other trunk lines, but the Wabish, the “Big Four”
and the Baltimore & Ohio Southwestern all record
gains despite that fact.
SARNINGS O F TRUNK LINES.

August.

1898.
1895.
1894.
1893.
9
f
i
*
3. * 0 . 8.W
592,240
510.953
002,030 { 238,344
O h. A Miss.
< 360,60)
1,120.900 1,292,294 1,210,078 1,207,142
l.C .C .& St.L
Peo.JkEast140,0)6
178,424
171,784
159,265
1,643,22 2 1,041,991 1,687,042 1,738,914
i.T .o f C an.
Ch.A G .T „. 1,992.8)2 2,091,240
238 712
226,555
255,375
402.038
101,240
D .G .H 4 M .
90,319
103.312
107,430
N.Y.C.AH.+ 3.978.83* 4.246,879 8,815,919 4.081.714 8,894,408 4,003,913
W a b a sh ... . 1,233,292 1.918,131 1.001,203 1.273.808 1,220,852 1,243,301
T o ta l......... 9.330,880 9,557,750 8.033,893 9.419.234 9,023,095 9.517,075
♦ Includes R om e W a te rto w n A O g d e n sb u rv fo r a ll th e y e a rs .
1898.
«
l) 014,001
1,301.800
102,428

1897.
•
676,015
1.250,008
175,327

With the roads in the Middle Western States, the
absence of the disturbing element which existed last
year by reason of the bituminous coal strike has made
the comparisons quite generally good.
BARKINGS OF MIDDLE AND MIDDLE WESTERN ROADS.

An uit.

1894.
1898
1897.
1890.
1895.
1893.
9
9
*
1
i
?
A nn A rb o r............. 118,034 112,367
90,553
1*3,091 1 )4 /5 8
86,031
BulT.Roch A P itt
349,393 2 9 \ 649 2 *5,905 275,015 290,174 310,453
C hicago A B ast 111. 873,981 300,848 230,545 339,058 375/13 397,140
C hlc.Ind & L ouisv. 302.6 JO 296.1)78 240,777 814,166 296,7*8 832,289
Chic.& W e st M ich. a l8 9 ,181 a ll3 ,t8 0 173,986 172,118 158,201 100,079
Ool. H . V. & T o l... 217,739 147,452 199,687 259,205 331,468 . 210,301
D et.Q . Rap.&VV est. a 130.579 al20.114 125,704 110,127 105,9)0 109,725
E lgin Jo l. & E ast.. *97,768
97,708 114.495
a s .720 90,701
72,057
41ran sv .A T e rre H. 114,8 54 111,30)
94,451 102,209 1 01/50 123,774
flin t A P. M arq .... 205,011 2 15,293 2)1,754 221,241 300,522 206,099
3 r. R ap. Sc In d ___ 280.046 215,474 221,009 200,719 239,116 233,170
Illinois C e n tra l! ... 2.315,8 *4 2,176,681 1.650,803 1,750,741 1,703,058 2,039,142
L ake B rie Sc W est. 810,101 320,038 272,20 « 320,485 353.738 800,540
L ong Isla n d ............. 00 5,550 646,278 509,001 52 2,278 492,003 60S,531
.jo n .E ran s.A St.L . 130,784 130.790 145,074 144.8*8 131,515 140,079
t . Y. O n t. & W est. 38 *.102 380,827 30).929 376,900 378,371 390,808
'tt ts b ’g A W est’n . 2)5,417 2)4,113 239,000 801.320 163,791 209,721
Pol. A O hio C e n t.. 101.890
94,322 130,511 183.19) 239,178 149,548
Tol. P eo. Sc W e s t..
89,031
83,277
70,140
91,250
83.919
87,545
Tol. S t. L. Sc K. C.
223,241 223,901 203,477 182.990 188,630 149,092
V e st. N. Y. Sc P a . 283.710 314,471 812,842- 329,043 320,215 299,021
W heel. Sc L. B rie .. 143.94 4
78,129 103,537 130,557 130,809 131,279
T o t a l .................. 7.401.429 0,727,450 0,113,511 0,591,002 6,011,730 0,651,819
t In c lu d es th e o p e ra tio n s o f th e 8 t. L ouis A lto n Sc T e rre H a u te fo r all t h e
y e a rs b u t th e C h esapeake O hio & S o u th w e stern an d O hio V alley fo r 1898 a m i
1897 and C hicago & T ex a s fo r 1898 o n ly . R e su lts on Yazoo B ra n c h a re n o t
la c lu d e d fo r 1898.
a F ig u res Here Tor 189* a n d 1897 a re sim p ly th e to ta ls o f th e e a rn in g s fo r th e
fo u r w eeks o f th e m o n th as re p o rte d In th e w eekly r e tu r n s ; th e m o n th 's
e a rn in g s a s u a llr e x ceed th e w eekly e stim a te s q u ite c o n sid e ra b ly .
* A ugust, 1893, n o t re p o rte d ; ta k e n sam e as la s t y ear.

5(5'1

TH E C H R O N IC L E

Northwestern roads have done remarkably well con•idering the character of the grain movement.
■ 1.RN1NQS o r NORTHW SST8RX LINKS.

August.

1893.

1807.

1800.

%
•
»
B trL O e d -fU t No. 45$,430 SS7.53S: 317,74*
C hic. G t. W e s t . ,
$23.0*5 4 88.093 414,855
C hic. MIL A 8 t.P . 3.019.'S7 2,780,0151 2,524,300
D u lu th 8 .9 .A A ll. 18!,078 [ 170.1221 171,595
G ro at N o rth e rn ., 1,010.701 1,777,5*0 1,710,297
Io w a C e n tra l........ 100,033 101.130 129,751
M lun.A S t. L ouis. 201,547 198,7121 170,110
St* P a u l A D u lu th 159,935 1SS.ST0 139,460
A 075.100 6.09t,WWl 5,811,1 H
T o ta l............

1894.
1895.
8
1
395.547 319,95*
478,0(6 370,127
2.082,98? 2,493,078
112,092 173,138
1,180*209 1.808,348
112,988 148,670
194 815 169,436
1M.61S n « ,7 i5
5.509.020 5,163.600

1893.
8
310,006
301,977
2,407,843
203,Sill
1,150,232
117,611
130,817
134.389
4,857.765

On the Southwestern roads, however, the influence
of the smaller grain deliveries is very marked.
EA.RNLNGS OF SOUTHW ESTERN OROOP.

1898.
1894.
1893.
1897.
1896.
1896.
S
f
»
$
*
*
Den. A R io G r. 757,300 0S2.OOO 624,15' 068,57.0 614,809 481,248
258,161 251,476
In t.ifc n t.N o .. +232,137 +295,399 +257,487 220,646
K.C.F.S.fcH.. rt357,l 51 aS87,H l 379,011 433,700 407,318 380,702
Mo. K . & T ex 906,052 987,762 9S3.53 881,311 810,04^ 704,470
M o.P .A Ir.M t. 2+75,MW 2.821,216 1,990,72L 2,057,907 1.905.2& 1,832,374
75,151
110,240
78.535
t. JosJfcG .L .
64,151
1S U 48
61,0 J 8
St. L . A S. F r. 6S5.95C 001,051 5IS.390 537,827 596,627 631,327
Bt-L. S o uthw . 418,35s 379.5SE 313,90S 884,948 869.236 314,563
Texas A P a c . 622,240 536,53C 460,381 472,869 540.217 449,223
239,451
198,193
U .P acuD .A G .
289,317
265,2 >3
215,500 238,25 S
Total.......... 6.64P.t^l 0,790.422 IP5.S34.577 5.9P6.108 5,031,27* 5,125,174
t G a lv esto n H o u s to n & H e n d e rso n n o t in c lu d e d fo r th e s e years,
a F ig u re s h e re fo r 1893 a n d 1897 a re sim p ly th e to ta ls o f th e earnlusrs fo r t h e
four
w eeks o f th e m o n th u s re p o rte d In th e w eekly r e tu r n s ; th e m o n th ’s o u rn lnfis usu ally e x c e ed th e w eekly e stim a te s q u ite c o n sid erab ly .
A u g u s t.

8

GROSS EiRNINGB AND MILEAGE IN AUGUST.

Sam eof Road
Alabama Gt.South’n.
AlaN.O.Tex.APac.—
N. Orl.&No. East..
Ala. & Vlcksb........
Yicksb. Shr. & Pac..
Ann Arbor.................
Atlantic & Danville.
Balt. A Ohio Southw,
Birm’ham & Atlantic1
Buff. Roeh. A Pittsb..
Burl. Ced. R. A No...
Canadian Pacific.......
Carolina Midland ...
Central of Georgia..
Chattan. Southern...
Chesapeake A Ohio..
Ohio. Si East Illinois.
Ohio.Great Western.
Chic. Ind. A Loulsv..
Chio. Mil. A St. Paul.
Chic, Peo. & 8t. I.---Chio. Term. Tr. RR..
Chic. A West Mich...
Cin. N.O. A Tex. Pao.
Clev. Canton A So...
Clev. Cin.Ch. A 8t. L ..
Peoria A Eastern ..
Clev. Lorain A Wheel.
Colorado Midland ...
Col. Hock. VaL <feTol
Col. Ban'ky. A Hook..
Colusa & Lake ..........
Denv. A Rio Grande..
Det. Gr.Bap. A West..
Det. ife Lima Norili..
Dul. So. Shore A Atl..
Evansv. A Indianap.
JBvansv. & T. Haute.
Flint <k Pere Marq...
Fla. Cent. & Penin..
Ft. Worth A D City..
Ft. Worth & Rio Gr..
Gadsden A Atl. Un..
Georgia ......................
Georgia A Alabama..
Ga. South. A Florida
Gr. Rapids &Indiana.
Cin. Rich & Ft. W*.
Traverse City.. ...
Musk. Gr.R.A ItuL
Gr. Trank of Can...5
Chic. *G r. Tr'k.. \
Det.Gr.Hav.AM. 5
Gt. No.-S. P. M. A M
Eastern of Minn..
Montana Central.
Gulf Beaum’tifc K. C.
Illinois Central a —
InternatT & Gt. No t
Interoeeanlc (Mez.).J
Iowa Central..............
Iron Railway.......... .
Kanawha <fe .Mich___
Kau.C. F t.8. A Mem
Kan. O. Mem. A Blr..
Kan. City AN. W. ..
Kan. City A Omaha.
Kan.C.Pittsb. A Gulf.
Kan, City Sub. Belt
Keokuk A Western...
Lake Erie A Western.
Lehigh A Hud. River.
Long Island RP.........
Louisv.Evans.ASt.L.

iliUagt
Orott Burning t.
Increase
or
1898.
1897. Decrease. 1898. 1897.

152,706
120,406
50,345
48,248
118,634
4.4,762
614,661
1 /3 0
349,396
455,430
2,163,000
4,150
404.572
5,898
1,034,874
378,986
523,04 =
302,630
3,019.787
66,138
100,841
189,184
415,13*
59,777
1,304,866
103.42?
133,898
126,663
247,739
94,492
1,609
757,200
130,579
41,754
381.572
33,347
114,SG4
265,031
233,477
103,169
27,831
538
110,HOP
96,382
70,429
257,059
42,683
3.625
12,079
1,992,802
1,509,040
287,601
145,120
16,361
2.345.894
232,157
228,200
190,085
4,156
47.61P
357,151
87,12125,471
21,028
312,026
49,740
55,103
319,101
32,829
603,55(
136,784

S
135,746
103.872
47.079
42,200
112,387
40,^90
575.615
1,336
292,646
387,538
2,232.115
3,99<
382,259
6,785
1,006,409
300,848
488,693
296,978
2,780,615
65,235
89,804
143,186
304,707
48,057
1,250,(>;8
175,317
100,478
167,89!
147,452
33,032
2,40 J
662,000
120,114
30,790
170,122
31,501
111,309
235,293
15\623
121.295
23,512
627
113,931
79,4"5
72,430
193,0 11
36,656
3,969
11,838
2,091,240
1,451,631
154,319
171,636
12.150
2,175.681
295,399
2(0,570
161,130
3,392
44,493
387,141
81,401
34,702
26,039
288,0)5
39,865
60,16?
328,938
33,623
546.278
130,790

$
+ 16,980
+ 16,534
+3,26e
+6,018
+6,247
+ 3,372
+39.046
—356
+ 56,751
+ 67,892
—71,115
+ 152
+ 22,313
-8 8 7
+ 28,465
+78,138
+ 34,352
+5.652
+ 239,3 72
+ 90
+11,037
+45,998
+ 110,423
+ 11,720
+54,853
—12,899
+ 33,420
—41,229
+ 100,287
+56,460
- 7 91
+ 95,201
+ 10,165
+10,984
+H .450
+ 1.84t
+ 3,55f
+ 29,738
+127.854
—18.126
+ 4,319
—39
—3,211
+16,907
—2,001
+3 4,04^
+6.027
—344
+241
—98,438
+ 56.409
4-133,282
—26,51-6
+4,2 t)
+ 170.213
—03.242
+27,63
+28,953
+ 764
+3,12t
—20,990
+ 2,728
—9.223
—4,411
+43,981
+9,875
—5,065
—7.837
—794
+ 57,272
+5,994

310 310
195 195
142 142
199 189
292 292
278 278
921 921
22
22
336 339
1,136 1,136
6,568 6,517
55
55
1.5241 1,524
3 05 105
1,360 1,360
648 648
930 930
537
537
6,154 6,154
222 232
76
76
581 581
336 336
210 210
1,839 1,838
352 353
192 192
350 350
346 246
273 273
22
22
1,666 1,666
451 451
102
102
588 585
156 I d
167 AOr
655 655
940 940
469 469
146 146
11
11
307
307 458
458
285 285
432 432
92
92
20
26
37
37
4,036 4,036
3,780 3,7 80
72
72
25e 256
65
65 3,725
3,667 775
775
531 531
509 509
20
20
172 172
975 975
276 276
174 174
394 194
815 770
35
35
260 260
725
725
90
90
375 375
372 372

Kami of Road.

[VOL. LXVII
Qrost Earnings.
Mileage
Increase
o>
1897.
1898
Decrease. 1898 1897._

$
$
Si
Loutsv.Hend ASLL.
42.104
19,792
—7.68S 166 166
Loulsv. A Nashville.. 1,830.665
1,778.103
2,985 2,985
Macon A Bi nulniptn,.
4,476
4,763 +52,562
—387
97
97
Muni st ioue.............
7,560
10,061
—2,501
41
44
Mexican Central..-.. 1,062,817 986,767 +76,05( 1,956
1,956
Mexican National..
481,571 407,378 + 11,193 1.219 1,218*
Mexican Railway;..
301,000
+5,300 321 321
Mexican Southern.-. 300,300
52,010
59,831
—7,871 uo? 227
Minn. A St, Louis__ 201,517 193,712
+10,835
370 370
Minn. St.P.A8.Ste..\L 319,68 r> 301,522 + 15,15 1,189
Mo. Kane. ATex.sys. 906.652 937,761' —81,117 2,197 1,189
Mo, Pao. A Iron Me., 2,341.000 2,387,930 —41.930 4,938 2,197
4,938
Central Branch__ 131.000 133,315
—2,315 388 388
Mobile A BlruTghain.
20.294
24,461
149
+4,167
M-oDile A O h io........ 334+00 312,108 +22.69 * 879 149
637
Mont. A Mex. Gulf... 116,260 120.019
—3.758 390 390
Sash. Chat. A St. L .. 525,932 4 90,719 +35,2
L4
905
905
n. Y.Con.&Hud. Riv. 3,978.831 4,216,879 —268.042 2,395 2,395
N. Y. Out. A West..*. 3?0,162 396,827
—6,665 481 481
Norfolk A Western..
903,510 950,174
1,561 1,570
Northern Pacific,. .. 2,173.155 1,828,560 +—11,664
344,593
4,48 r 4,380
Ohio River..................
8+713
85.971
—3,717
224 224
Ohio River A Char...
14.893
12,724
+ 2 . 16P 222 211
Ohio Souihera....,.,.
57,938
54,172
+3,766
266 266
Oregon RR. A N av... 583.406 565,462 + 18,034 1,065
1,065
Peo. Deo. A Evansv..
95,079
92,491
—2,588 331 331
Pittsb. Bess. A L. E .. i s i .343
60.722
+
120,621
183
228
Pittsb. Lisb, & West.
3.794
2.570
+ 1,224
25
25
Pittsb. A Western__ 159,510 149,451
227
227
Pittsb. Clev. A Tol.
96,034
79,209 + +9,089
16,825
77
77
Pittsb. Pa. A Fair..
40,843
35,153
+ 5,3l!0
61
61
Rio Grande South'n.
42,991
31,654 + 11,337 180
180
Rio Grande Western. 271,500 279,010
—7,50( 55< 550
8t. Jos. A Gr. Island.. 110,240 121,446 ~ 11,5506 251 251
8t. L. Chio. A St. P. .
31,900
24.801
+7.0 if 111 m
8t. L. Kenuett A So..
5.603
5.265
20
+337
20
St. Louis A 3. Frau.. 535,956 601,054 —18,0-r
1,162
St. Louis Southwes’n. 413,258 379,565 +33.693 1,209
1,223
1,223
8t. Paul A Duluth___ 159.935 138,570 +21,33f 244 248
89,931
San Fran. A No.Pae..
83,318
+6,613 165 165
Santa Fe Pres. A Phx.
64,000
52,00 l + 12.000 19a 198
26,253
8 her. Shrev, A South..
22.0+'8
+ 4,225 153 153
Southern Railway__ 1,983,9 26 1,747,? 56 + 236.570 5,256 5/256
Texas Central............
18+93
17.708
+885 176 176
Texas A P a c if ic .... 522,240 566.5 -iO —14,3 10 1,499 1,499
Tex. Sab. Val. A N’w.
4,691
3tl 27
+ 1,564
38
3a
Tol. A Ohio Central.. 161,860
94,322 +67,538 371
371
Col. Peoria & West’n.
87,5 45
83,919
—3,626 248 248
Tol. St. L. A K . Citv. 223,241 2*23,901
-6 6 0 451 451
CTn.Pac. Don. A GuLf. 289,3 17 265,223 +21,0)4 974 974.
Wabash..................
1,283.292 1,213,181 + 65.U ] 1.93S 1,936
West. N. Y. A Penn..- 286,701 314,471 —27,771 651 651
73,129
Wheel. A Lake Erie.. 143.914
247 247
Wisconsin Ceutra!.., 430,713 419,912 ++70.815
10.801 937 937
Total (127 roads), . 4S.880.006 46.532,554 + 2,297,452 93.829 98,436'
f Earn ins:s of Galvestjn H o u s Cj u A Henaerson are excluded for
both 1898 and 1897.
I For four weeks to August 27.
a OUes Ohio A Southwestern and Ohio V *Uey roads are i col irted for
both years. Results on the Yazoo Branch (110 miles) are included for
189/ only.
E IlfU « ti e 'm a a e la l t H i r k e t s - P e r C a b le .

The daily closing quotations for securities, etc., at London
are reported br cable as follows for the week ending Sspt. 16 r
London .
Sat. I f m. Tue*. Wed. Than. iVi.
Silver, peronm e ,,..0 . 2715,6 2715IS 28
28
281,6
Console., new, p.ots. 110l,a 1097s 109% 109i*,a 1028R5,e 109l3ia
For aooount........ ...... 110*8 X09l516 10)15 B 103% 110 109%
Fr*0h rentes (in Paris)fr. 03*22^ 03-12 *30307% 02 93% 03 07% X102M0
Spanish 4s..................... 41% 41% 41A 41'm 4-25,6 42%
A ich. Top. & Santa Fe. 14
13*H 13% 13% 13 7s
13% 35%
Do
do pref. 357s 36
34% 3 >% 36%
muadtan Pacific.......... 91
90% 90% 9
89%
90%
24
Central Pacific.............. 22% 22% 22 H 2L%
Chesapeake A OMo___ 21
23% 23% 23 « 24
24
112% 113% 114%
Ohio. Mil. & St. Paul.... 1131*8 112% 113
Denv. A Rio Gr., pref.. 57*n 57% 57
56% 57% 58%
Erie, oomtnon............... 14k 14
14
14
14% 14
1st preferred.............. 37% 37
36% 36% 37
% 37 H
Illinois Central.............. 116 1153* 116 11.5% 110 117____
Lake Shore..................... 198 k 193% 198% 198% 1*3%
Louisville <foNashville. 59% 58% 58% 57% 5 >
59%
Mo Kan. A Tex., com.. 12k 12
12
12
12
S. Y. Cent’l A Hudson. 121 1203i 120%
110% 121
V. Y. Ontario A West'n 164> 16% 16% 120%
10
16% 16%
55
Norfolk A West’n, pref. 38%
55
54% 54
51% 51%
Northern Paciflo, com.43
38% 33% 38% 40
Preferred .................... 79 k 79% 79% 78%
80% 31
61%
61
Pennsylvania ..............
61% 60% 61
* fhila. A Read., per sh 9% 61%
9%
9% 9% 22%
% 2 9*8 22%
1 Phil. A Read., 1st pref. 22% 29%
22%
*?hit. A Read., 2d pref. u
n%
11%
11 %
10%
1
■
%
9% 9% 9 % 9 % 9%
Siath’n Railway, com. 9
35% 35%
Preferred..................... 36
31% 35% 36%
32% 32
31
35
ColonDoPacific.................
3 >% 33
new pref.. 00% 68% 66% 65%
63*4 69%
Wabash, preferred ... 22
21% 21 % 21% 22
22%
* Price per share.

gfumnxcvctal and J^tscettaneoit'j^cxus.

N ational B anks .— The following informition regardingRational banks is from the Treasury Dipartment,
NATIONAL BANKS ORGANIZED,

S,137.—Tlio Merchants' National Bank of Elra'ta. N jw York. Capital,.
*100,000. film .0- R. Backer, President: Charles O. Swan,
Cashier.
Imports and Exports for the W eek.—The following ar#

the imports at New York for the week ending for dry goods
Sept. 8 a n d for the week ending for general merchandiseSept, 9 also totals siace the beginning of the first week
In January.

Reports of Non-.'Iewber Banks.—The following is the
statement of condition of the non member banks for the

F O R E IG N IM PO R T S AT N E W T O R S .

For week.

1898.

Dry goods___ $1,717,891
Ben’l mer’dlse 4,759,576
T otal......... $6,477,467
S ince Jan. 1.
Dry goods....... $65,94°,678
Gen’l mer’dise 231,531,911
Total 36 weeks *297,481,589

1896.
1895.
week ending Sept. 10, based on averages of the daily results
$1,053,226 $1,871,140 .$3,112,437 We omit two ciphers COO) in all cases.
4,416,542 6,169,067 7,607,325
Leo'l Depos\t. •w ith N e t
5,469,768 $8,040,207 *10,7] 9,812
C a p i­
Sur­
Specie 6c B 'k Clear'g Other De­
B A N K S.
tal. plus.
Notes. Agent. Bks.6cc posits.
(00s o m itted.)
$96,055,798 $81,647,076 *104,214,053
$
$
$
ew York City . $
$
262,377,630 235,749,038 256,555,096 ANsto
$
180,7 28,3 160,8 155,0 2.444.9
r P la c e ............. 250.0 355.5
100.0
60.7 715.4 14,5 59,7 63,5
787.7
*353,443,458 $318,396,114 *360,799,149 CC oo lolu nmiab l...................
ia .................. 300.0 183.9 1.722.0 103,0 89,0 169,0 322,0 2.024.0
1897.

The f o llo w in g i s a s t a t e m e n t o f t h e e x p o r ts ( e x c lu s iv e c i
specie) f r o m t h e p o r t o f N e w Y o r k t o f o r e ig n p o r t s fo r th e
week e n d in g S e p t. 12 a n d fr o m J a n u a r y 1 t o d a te :
EX PO R T S FROM N E W YO RK F O R T H E W E E K .

1897.
1896.
1895.
1898.
$5,801,363 $6,275,503
For the week.. $8,666 204 $7,359,411 254,559,8
43 226,021,954
Prey, reported 325,573,891 275,604,673
Total 36 weeks .$334,210.0 35 $283,464,054 $260,661,206! *232.297.457

Tne following table allows cue exports and imports of
specie at the port of New York for the week ending Sept. 10
and since Jannary 1, 1898, and for the corresponding periods
In 1897 and
1896.
EX PO RTS AND IM PO R TS O F S P E C IE AT N E W Y O R K .
Gold.
Breat Britain..........
France......................
Germany.................
West Indies............
Mexico ....................
South America.......
All other countries.
Total 1898........
Total 1897........
Total 1*96........

8ilver.

563

T H E C H R O N IC L E

S eptember i7, 1898.J

Exporta.
Week. Si/xceJa/i. 1

Imports.
Week. Since Jan.l.

$200 $213,325
*36,335,260
96.500 13.677,939
8,000
............
1,068,971 21,428,852
$413,053 6,828,894
2,625,335
2,000 10,025
76,642
2,000
5,240
2,000 105.757
367,905
1,502
20,292
547,737
$417,053 $6,965,143 $1,425,563 *75,059,720
101.026 4,072,996
8,000
29,640,077
2.500 50.943.742 14.517,939 40,722,242
Exports.
Week. Since Jan.l.

Imports.
Week. Since Jam. 1.

Great Britain.......... $1,074,815 $30,316,141
France......................
778.350
Germany.................
2.610
397,315
West Indies..............
M exico.....................
14,159
South America.......
1»7,028
7,435
All other countries
""**430
Total 1898......... $1,072,245 $31,703,038
Total 1897.........
676.361 32,68 7,27*Total 1896........ 1.112.550
36.861.336

............
$6,980
27,955
18,769
$53,704
19.331
17.9 45

$12,092
23.932
3,260
270,476
810,228
579,673
6) ,446
$1,764,107
1,976.944
2.099.007

New York City Clearing Home Banks.—Statement of
coalition for the week ending September 10, based on averages
of daily results We omit two ciphers COO) in. all cases.

B anks.
\Oapital\ 8urpl'i j Loam. ISpecie. Legate. Bcposits.
B a n k o f N e w Y o rk .. $2,000,0 91.841.7 913.670.0 $2,800,0 $ 010,0 $13,410,0
M a n h a tta n C o............ 2.050.0 2,215,2 10,04 8,0’ 4.343.0 1.241.0 18.043.0
M e rc h a n ts ’ ................. 2 , 000,0 1.037.1 13.237.3 3.036.1 l.li)5 .5 16.40J.7
M e ch a n ics’ .................. 2 , 000,0 1 959,>■
000,0, 0.547.0
9.944.0 2.139.0
A m e ric a ....................... 1.500.0 2.503.2 20.470.0 3 .3 9 6 .1 1 ,9 )8 ,7 22 . 888.8
P h e u lx ........................... 1 , 000,0 228.3 4.182.0 952.0
25d.u 4,208 0
C ity ............................... 1 ,000,0 4.119.4 75.760.0 20.359.5 3,225,3 93.881.3
T ra d e sm e n ’s ................i 750.0 130.7 3,009,9 519.4
194.7; 2.751.9
C h e m ic a l.......................* 300.0 7.001.4 24.604.0 5.748.7 2.053.0 25.844.0
M e rc h a n ts ’ E x c h ’ge 600.0 176,1 4,712,8 1.027.0
281.0: 5.272.4
G a lla tin ......................... 1 , 000.0 1.702.1 7.254.0 1.337.9
027.2 0.060,0
B u tc h e rs ’A D ro v ’rs ’ 300.0 120,V 1.030.7 230.8
00.7 1.145.9
M e ch a n ics’A T ra d ’s ’ 400.0 170.0 1,90 3,° 297.0
179.0 2 , 010.0
G re e n w ic h .................... 200.0 171.0
957,7
243.1
101.0
903.8
L e a th e r M a n u fa c rs
000,0
475.0 3.806.7 927.8
1H9.S 3.702.9
S e v e n th ........ ................. 300.0 100.3 1.737.5 401.0
172,0; 2,158,1
S ta te of N ew Y o rk .. 1. 200.0 505.1 3.907.7 438.0
118,0: 3.047.0
A m erican E x ch an g e 5.000. 2.527.3
25.749.0 2.0
JO,02.502.0 19.070.0
0
C o m m e rc e .................... 5.000. 3,464
0 ,' 20.520.7 2,314,6
3,301,5 22 006.9
B ro a d w a y ..................... 1 . 0 0 0 . 0 1.609.2 0,971,5 1.734.4
148.4 0.334,0
M e rc a n tile .................. I 1 ,000,0 988.li lU,034,0 2.186.9
724.6 11.014.5
P acific .........................
475.1 2.355.1
422,7
779.0
337.6 3,000.5
R e p u b lic ...................... 1.500.0 868.7 l6 ,6 i,9.5 4.531.5
501.0 19.256.0
C h a th a m ....................... 450.0 978.5 6,008, l 895.3
85d,0 0.164.3
P e o p le ’s ......................
252.5 2.043.2 277.5
200.0
335.7 2.545.4
N o rth A m e ric a .......... 700.0 559.3 10.721.1 1.823.3
7 0 h,O| 12.051.9
H a n o v e r ....................... 1,000,0 2.238.7 36.707.4 9.323.3 1.041.0 45.833.5
l r v m g ............................. 500.0 357.1 3.040.0 495.5
4 3 2 ,cl 3.810.0
C itiz e n s’ .......................
376.3 2,55w,6 517.7
110.5 2.743.9
600.0
N a s s a u ..........................
267,9 2.500.0 425.9
204.8 2.007.5
500.0
M a rk e t A F u lto n ... 900.0 957.2 0,042,0 943.8
493 0 0.021.5
S h o e A L e a th e r........ 1, 000,0 101.2 3.001.3 525.9
303.8 3.380.8
C o rn E x c h a n g e ........I 1 ,000,0 1.330.8 9.314.3 1.433.0 1.143.0 10.460.0
C o n tin e n ta l.................. 1 , 000,0 600.6 6.165.6 1.001.0
567.71 0,323,8
O r ie n ta l.........................I 300.0 397.4 1.834.0
150.4
344.0 1.772.1
Im p o rte rs ’A T ra d ’rs 1.500.0 5.501.5 24.369.0 4.912.0
717,0, 23.831.0
P a r k ............................... 2.000.0 3.204.8 88.297.8 10.641.5 2.036.0 47.192.5
JBast R iv e r................... 250.0 147.7 1,332.5 217.4
1.267,7
00.1
F o u r th .............................I 3.200.0 2,016,1 24.374.0 3 412,o! 2.425.0 25.263.0
C e n tra l ........................... 1, 000.0 495.8 10 101,0 3.050.0
890.0 14,8 VI,0
51847.0
S e c o n d ...........................
1.409.01
300.0 0.801.0
711.0
300.0
N i n th .............................. 750.0 281.1 3.203.1 554.71
244.4 3.373.1
F i r s t ...............................
1 130.7 28.515.4
500.0 7.504.4 29.806.2 4,8?O.0!
1.315.4
N . Y .N a t’l E x c h ’g e. 300.0
67,1
80.8
3 in ,2
1.290.9
B o w ery ........................... 250.0 611,2 2.919.0 4 2 6 ,2 1 423,8; 3.371.0
N e w Y ork O o a n ty .. 200.0 443,0 3.277.1
277.8 3.638.0
559.1
G e rm a n A m e ric a n .. 750.0 3798.1 2.818.8 3 9 2 .0 1 299.4! 2.677.0
C h a se ............................... 1, 000,0 1, 110,0 28 001,3 5.055.9 4 250,2 35.203.7
F ifth A v e n u e .............. 100.0 1.162.5 7.893.8 1.490.6
880.0 9.047.1
G erm an E x c h a n g e ..
024.4 2.928.9
108.5'
570.8 2.116.4
200,0
G e rm a n ia .....................
748.3 3.343.1 5 5 2 , h ; 538.4 4.425.0
200,0
L in c o ln ......................... 300.0 711.9 0,867,8 1.409.8
695.4 7.692.9
G a r f ie ld .......................
848 4 6.244.8 1.199.3,
328,7 0,282,1
200,0;
F ifth ................................ 200.0
323.1 1.870.2 419,2'
180,5, 2.213.0
B a n k of th e M etro p . 300.0 850.5 4.951.1 1,478.7,
281,0 5.899.1
W est S id e ...................
200.0
354.01 2.459.0
340.4 2.177,0| 4 24,0
S e a b o a rd .....................
348,0 8,G95.0; 1.709.0 l 206.0, 10.780.0
S ix th ............................... 600,0!
129,0 1.547.0
348.3 1.830.01 271.0
200.0;
W e s te r n ..................... 2.100.0
721.7 27.931.3 5.735.9 2 st)i,w 32.502.7
irst
N
a
t.
B
’k
ly
n
...
1.408.0
4
428.0,
1.09
6,2! 5.648.0
300.0
037.7
Sa t. U nion B a n k ... 1, 200,0 938,0| 11.758,0, 2.603.1 654.1
12.550.9
L ib e r ty ......................... 500.0 329,0! 4.253.8
318.1 5.014.3
f
0,3
N . Y. P rod. E x c h ’g e. 1, 0 0 0 , 0 , 353.5 4.174.51 858.0
110.3 3.797.1
S k .o f N . A m sterd am
252,0. 3,231.0
298.4 3,049,5. 493,3
250.0
T o ta l .......................... 59,022,7 7 ^ 2 9 2 .3 065.395,2 1 3776 651 52.28 5,8'731.9 02.1

0

E le v e n th W a rd — 100.0
F o u rte e n th S tre e t 100,0
F ra n k lin N a tio n a l. 200,0
200,0
O a n s e v o o rt____
200,0
H a m ilto n ........
H id e A L ea th . N a t. 500.0
H om e......................... 100.0
H u d so n R iv e r___ 200,0
M o u n t M o rn s ------ 250.0
M u tu a l..................... 200.0
N in e te e n th W a rd 100,0
P la z a .......... .............. 100,0
R iv e rsid e ................. 100,0
S ta te ........................... 100,0
T w elfth W a rd ___ 200,0
T w en ty -th ird W ’d 100,0
UnioD S q u a re .......... 200.0
T o rk v ille ................ 100,0
A stor N a t’l B a n k .. 300.0
Brooklyn. 150.0
B edford.................
100.0
B ro a d w a y ............ 300.0
B ro o k ly n ........ ...
E ig h th W a rd .......... 100.0
100.0
F ifth A v e n u e .......... 200,0
F u lto n ........................ 150.0
K ings C o u n ty .......... 252.0
M an afacC rs' N a t’] 500.0
M echanics................. 100.0
M ech’s ’ <fe T ra d r’s ’ 300.0
N a ssa u N a tio n a l.. 300.0
N ational C ity .......... 100.0
N o rth S id e.............. 100,0
P eople’s ......................
Q ueens Co. (L .I.C .) 100,0
S c h e rm e rh o rn ____ 100,0
100,0
S e v e n te e n th W ard 200,0
S p ra g u e N a tio n a l.. 100,0
T w en ty -six th W 'd . 100,0
U n io n ... ............... 100,0
W a lla b o u t.................
Other Cities .
400.0
1st N a t., J e r . C ity . ! 250,0
H u d . Co. N at. J . C. ' 250.0
2d N a t., J e r . C ity .. 200.0
3d N a t , J e r . C ity .. I 11O.0
1st N a t., H oboken.
2d N a t., H o boken. ! 125,0
25,0
B auk of S ta te n Is l. [ 100,
#
le t N a t.,S ta te n Isl.

117,2 1.113.5
50.5 656.6
490.0
«,0
31.5 654.8
81,2 1.213.0
157.0 2.121.5
83.7 409,2
189,7 1.117.0
91.6 1.289.3
111.1 920.4
25.0 618.9
108.9 933.9
102.5 701.1
73.6 1.503.0
146.0 1,232,8
48.7 703.6
296.1 2.029.3
123.1 1. 112.6
4,2 1.694.7
107.2 1.016.8
112,0 1,324.7
157.6 1.233.0
33.4 291.1
50,9 510.5
171.7 835.2
59.1 585.0
414.4 1,884,6
387.5 2.464.4
191,0 825.4
556.7 3.783.0
546.7 2.209.0
109.8 732.7
108.5 798.0
123.5 1,790,2
59.0 508.5
71.2 402.4
205,4 1.025.0
50,6 355.7
48.1 296.2
29.5 454.5

705.1
520.6
376.2
185,5
414.3
81,3
44,1
70,7

4 o,3
17,8
.73,0
28,7
65.0
284,3
101,4
32,0
63,9
25,5
12,2
43.5
7,5
* 01,0
20,3
21.3
54,7
120.8
233,2
29,3
15.4
75.0
13.8
29,7
52,7
35,7
224,0
92,5
00,2
189,0
177,0
11,1
47,7
120,5
23,8
8,7
107.5
7.7
7,2
12,1

63,0
79.4
35.0
39,1
79.0
8S.3
41,2
76,0
124,2
111.8
90,0
78,3
33,7
25,0
91,1
94,5
198,4
79,1
142,9
61,7
127.5
35,2
23,2
20.2
32.)
27,5
237.1
1O1.0
63,9
101,0
285,0
02.7
33,1
154,0
17,4
32,3
14.5
18,1
14,3
43.1

448,4
200,4
133.4
37,4
79,0
183,1
108.4
93,0
164,2
211.1
109,8
242.0
61,7
101,0
93,2
63.5
143.2
82.2
279,3
93,9
307,9
251,9
52,0
53,^
133,7
102,4
4 07,0
191,9
129,7
009,0
380,0
98,0
57,1
44 7,9
123,9
123,5
395,0
120,0
30,3
93,8

57,0
45,9
203,3
1,8
9
94.0
118,4
105,1
8*5,6
85,0
44,3
10,0
30,3
38.7
02,0
75,0
520.0
39,9
228,9
14,0
2,8
35,0
201,0

1.565.1
853.5
468.6
580.5
1,260,0
1,626,6
584.5
1.040.0
1.737.2
950.8
817.5
1.093.0
657.9
1.649.0
1.484.0
952.4
2.245.1
1,261,0
1.880.9
1.073.5
1.627.5
1,338,8
206,1
49 7 ,1
745.4
67 1 .0
2.366.5
2.289 .3
912,8
4 .015 .0
2 .6 5 9 .0
1.217.4
8 6 ),0
2,568,3
524.1
395.3
1.140.0
415.7
242.5
073.3

4.381,4 145.3 220,9 7 )4 ,9 817,9 6.049.0
1.892.2 101.2 03.4 134,1 100,0 1,611,2
1.439.3 01,4 58.0 413,5
1.406.0
809,1 25.5 58,8 105,8 133,5 868.3
1,009.9 109.0 27,1 136,5 108,1 1,497,8
648,5 43,5 31,6 57,3 184,6 802.3
383.9 22,4 30,3 144,0
8 538.3
560,4 20,7 31,7 130,9
596,1

I.S/s.r 0 ,2 8 0 ,0 J,QQ2 ,2
T otals "o p t. 1 0 ... Q.Ol2 ,0
T o ta ls S ept. 3 ... Q,OI3,0
3 -S V J S.bU J S.‘3S.Q,4,2b3,i
T otala A ug, 27. . 0 ,0 /3,C 8 ,4 3 8 ,5 1 fQ.dSb.o S J O j.^ j. 0 0 7 .4 S.b33.2\4./QO.Q

New fork City, Boston and Philadelphia Banks.

8 ASKS.
* . V.
A ug. 20..
S e p t *3!
10 .
B oa.*
Aug. 27..
S e p t. 3
•
10
P h i In .*
A ug. 27..
8**pt. 3..
10.

Specie. Legau.

.* Qirc’l’n. Olearint
9
9
134.315.0 060.743.4 1045732 55.519,5 785.013,8 14,202.0 813.316.5
134.313 0 072.091.8 1559887 55.43 3.2 700,234,4 14.123.3 702.047,0
Surplus. \ ooa»M.
$

$

*

Deposits

*

134.315.0 072.173.9 1183783 64,710,2
134.315.0 0 -5,393.2 1377005 52,285,8
08.587.3 184.471.0; 15.540.0 4.943.0
08.587.3 187.092.0 ld.767.01 4.07 3.0
68,587,3,187,190.0,16 0 9 0 ,0J 4,010,0
35.388.0* I18.477.0l
40 256.0
35,38 8,0i 120.'96.0,
39 4 71,0
30.764.0
3ft.388.0l 12 1.290 ill

752.389.8
732,902.1
193.720.0
190.170.0
195.085.0
132.257.0
135.359.0
131.841.0

14.048,5
14,117,2
0 119.0
6.192.0
0,200,0
5,894 0
5.928.0
5.945.0

838.0 64.8
670.077.6
95.009.5
95.197,2
80.28 9.6
03 582 0
69,75 0.0
62,284 0

Anction Sales.—A.inoug other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. R. V, Harnett & Co:
Share*.
|
Shares.
100 Toledo Ann Arbor & No.
! 120 Syracuse Rapid Transit
Michigan R R ............... $10
Ry. Co. com....... $5 per share
5 0 S y ra c u .s e R a p id T r a n s i t
Ry. Co. pref— $13 per share j

By Messrs. Adrian H. Muller & Son :
Bonds.

$3,000 Col. A lad. Cent. Ry.
Co. 1st 7s. 1904. JAJ..119
.$2,000 Siisp. Bridge A Erie
June. RR. 1st 7s, 1900. JAJ106:V
.$20,000 Oueonta A Otego
Val. RR. 1st 6s. 1927, all
Coupons on........................... 20
.$6,000 Addis. A I enu. Ry. )
‘2(l ls,19o2 June, 1 H96 , i
Coup on and $100 do. I
Scrip.................................}>$16
81
sh. Addison A Penn. ! lot
Ry. Co , Pref’d, and |
.$171 67 Com. Stock. J

S h a re s .

’

3 3 D a y to n A M ic h ig a n R R .,
Preid. Diw on..............190
20 Phenix Fire I ds. Co. of

Brooklyn........................160
23 Greenwich Ins. C o........ 165
15 Brooklyn Trust Co........ 390
16 < outinental Nat’l Bank. 126 7$
25 Bank of the Republic— 156*3

faulting and fftuaucial.
Spencer Trask & Co.,

BANKERS,
iT * J9 P IN E S T H E R T ,
65 Stale Street, Alban]/.

NEW YORK.

INVESTMENT SECURITIES.

9BOBGB BARCLAY MOFFAT.

ALEXANDER M. WHITE, JB

Mo ffa t & W
BANKERS,

hite,

No. 1 NASSAU STREET, . . .
NEW YORK
INVESTMENT SECURITIES

THE CHRONICLE.

564

JBankers' (iaAetfce.
IM V I D K N D B .

tfame of Company.

Per
When
Cent. Payable.

HoHn>a<)« (M cim .)
Chic.
A North West,
(quar.) l*i Oct.
Clev&Cla.Chio.
tfcSt.Lpref.
pf.(qunr.)
1% Oct,
Evansville
<k Terre Haute pref. 2' Oct.
Manhattan (qu'ir.) .................... 1 Oct.
N. Y. N. H. & Hartford (quar.).. 2 Sept.
Plttsb. do.
Youngs. <&doAsh. com.......
Sept.
prof......
Sunburv *fc Lcwlstown ............. i Got
S treet
HBostor,
allw ay*.
West Truwt
End
St.,Oompit
com__... 3% Sept.
(lies.
Franklin. Brooklyn (quar.)........
Ma nuf aetltacellunooua.
t tir ors’, Broo kIyn (quar,) 22 Oot.
Oct;.
American
Caramel
touar.)...__
2
loot.
Edison Elec. HI,.Brooklyn (quar.) 1% OoL
Exploration Syndicate
(quar.).. $2 50 jOot.
MergentUaler
Linotype
(cjuar.)..
Septdo
do
(extra)..
Philadelphia Company (quar.).. 1 ;oet.
P.
Lorlilard.
pref.
(quar.)...........
2
Oct.
Texas
Pacific
(quar.)........
lti
Oot.
Union &Ferry
(quar.)...................
^
Oot.
14j
Dot.
Western
Union
Telegraph
(quar.)
Weatinghouse Air-brake (quar.).
do
do (extra).. I h j !0ct*Also 2 per cent puysbie April 15,1890.

B ooks closed,
(I>ay$ inclusive.)

[VOL XLVII.

buying 1-16 discount, selling 75b. per $t,000 premium; Charles
ton buying 1-16 discount, selling 1-16 premium; New Or­
leans, bank, 50c, premium, commercial. $1 25 discount: Chi­
cago. 85c. per $1,000 discount; 8t. Louis, 35c. per $1,000 dis­
count.
United States Bonds.—Sales of Government bonds at the
Board include $35,000 4s reg., 1935, at 127% to 127% : $',01)0
4sconp., 1925, at 1*27% ; $23,500 4s coup., 1907 at 1111, to
112% ; $1,0<0 48 reg.. 1907 at 110% and $1,003,160 3s (when
issued), at 104% to 105%.
The following are the daily closing quotations ; for yearly
range, tee seventh page fo lowing.

t- sept. 22 to Sept. 28
20
Oct l1 to
to Oct. 165
l&k)et.
Sept. 17 to Got.
Oct. 2
801Sept. 18 to Sept. 30
211Sept. 16 to Sept. 25
l!-------- to ----------Interest Sept. Sept. Sept. Sept. Sept. Sr.pt.
Periods. 1 0 . 1 2
13.
14.
15
16.
17.Sept. 18 to Oct. 1
reg. Q . -Moh. * 98*9* 99 * 99
* 99
* 99
99
ligept. 21 to Sept. 30 2s......................
1918,10-20a.cp. Q . -F e b . 105% 105% 105% 105% 10s>% 105%
;Sept. 25 to Oct. 2 13s,
As, 1907........... reg. c Jau. *110% *110% 110L *110% *110% 110%
4s, 19o7......... ooup.
.-J a n . *lll% | 11/
111*8 *111% *111% 111%
1 -— to
4a, 1925 ...........reg.
. -F e b . *127%| 127% *127% 127% * 1 2 7 %; '127%
to
15!-------. -F e b . *127%i *127% *127% 127% *127% 127%
1925......... coup.
i Sept. 27 to Sept. 30 4s,
5a. 1904 ........... reg.
.-F e b . *112%! *112%
*112% *112% 112%
301Sept. 18 to Sept. 30 5a,
1904......... ooup.
.-F e b . *112% *112% * 1 1 2 % *112% *112 % 112%
3 . & J. *102% *102% * 1 0 2 % *102% *102% 102%
6
a,
our’oy,*99...reg.
to Oot. 10 4s, (Clier.)1899.reg. March. *101 *101 ‘ 1 0 1 *101 *101 ■101
10 Oct. 211 to
Sept.
30
Oec, 20
201 Sept.
Oot. 221 to
Is the irlon hid at the morninsr h e a rd : no salr. w as made
to
Oot.
1 -This
1
Sept,
D allngB are in bonds “when Issued” and represent transactions
15 Sapt 21 to Oot. 10 In1the
Unlisted Department of the Exchange.
lOOct. 1 to Oot. 10 State and Railroad Bonds.—Sales of State bonds at the
1

1

W A L L S T R E E T . F R IU A V , SE P r, 1 6 . 1 S 8 S .-5 P. M.

Board include^ 3,00n Virginia fund, debt 2-3s of 1991 at 75% to
76% ; $50,000 Virginia 6s deferred trust receipts, stamped, at
7% to 7%, and $7,000 District of Columbia 3-65s at 116.
The market for railway bonds has been steady to firm on
a volume of business averaging nearly $?,500,000 par value
per day.
In a few cases the closing quotations to-day are fractionally
lower than last week, but the decline is fully offset by ad­
vance's in other issues. Prominent among the latter were
Evansville & Terre Haute 5s, which moved up about 6 points
on the announcement of a dividend on the pref. stock, Texas
& Pacific seconds, which advanced 3% points on large trans­
actions, and Wabash debenture series B and New York Ontario
& Westtrn refund. 4s, which gained 2 points. Special activity
is noted in the Atchison, Chesapeake & Ohio. Baltimore &
Ohio (when issued), Erie, Kansas City Pitts. & Gulf, Missouri
Kansas & Texas, Northern Pacific, Oregon Short Line, Read­
ing, San Antonio & Aransas Pass, Texas & Pacific, Union
Pacific, U. P. Denver & Gulf, Wabash and Wisconsin Central
issues.
Stock and Bond Sales.—The following shows the volume
of business in stocks and bonds on che New York Stock
Exchange
for the
past week and since January 1.
Sales
^ W t t k ending Sept, 1 6 ^ ,--------Jan. I to Sr.pt. 16

The Money Market and Financial Situation.—The re­
action in the security markets noted at the close last week
continued for several days, Possibilities of a stringent
money market were given as the chief cause for this move­
ment and when the Secretary of the United States Treasury
stated that no such condition was probable, the sentiment of
the Street changed and the markets have again become active
and buoyant.
The conditions are now favorable for higher rates in the
money market, stimulated by increasing activity in all de­
partments of industry, and just now by needs for marketing
the crops, but the probability of a stringency seems more re­
mote than last week. This probability is reduced by the gold
imports, which are slowly but steaoily increasing, and by the
larger supply of funds which came out in response to the
higher rates already made.
For several years past, as is well known, the tendency
of the foreign interest in American securities has been
towards contraction. There are now evidences that
the tide has turned, that this interest is beginning to
broaden, and therefore the operations in the American De­
------- ,
partment of the London Stock Exchange are regarded with If. Y. Stock Exch. 1898.
1897.
1898.
1897,
peculiar interest.
G overnm ent, b onds
*1,06 8,890
*41,0 00 * 14,2 30,510
*8,78 7,500
00,000
15,000
2 ,086 .700
1,160,800
The open market rates for call loans on the Stock Exchange State b o n d s......... ..
during the weak on stock and bond collaterals have ranged R R . 4 ra ise .b o n d s. 18,727,800 17,871,500 581,2 48,010 878,020,790
from
to 5 per cent. To-day’s rates on call were to 5
T otal.................. * U ,8 3 ',le 0
7,937,500 $597,745,220 $384,939,090
per cent. Prime commercial paper quoted at 4 to 5 per cent. Stocks—
8,259,276
50,789,267
No. shares
2,446,892
74,619,971
v alu e., .,$231.847,800 $313,4*7,450 $7,216,354,125 $4,846,550,850
The Bank of England weekly statement on Thursday B ankPsharares,
$131,060
..............
$6,000
p
a
r
r
a
l.
showed a decrease in bullion of £101,248, and the percentage We add the following record of the transactions for$285,010
each
of reserve to liabilities was 49 31, against 4910 last week: the
the week.
discount rate remains unchanged at 2J.£ per cent. The Bank dayWeekof ending
Stocks -----------, R ailroad, dtc.
of France shows a decrease of 7,600,000 francs in gold and Sept. 16, 1898. ----------Shares. P ar value.
4,400,000 francs in silver.
Saturday............. 228,758 $19,279,000
888,1 48 35.81 9,050
The New Tork City Clearing-House banks in thsir state­ M ondayay .....................
........................ 364,9 76
3 4,70 2,850
ment of Sept. 10 showed a decrease in the reserve held of TWuesd
ed n e sd ay .............. 499,224 43,150,850
h u rsd a y ................... 470,012 4 4,778,4 00
$13,036,200 and a surplus over the required reserve of $7,076,- TF riday
......................... 500,774 48,51 7,650
775, against $14,991,050 the previous week.
T o ta l....................2,410,892 $23 L,347,800 $13 ,7 2 7 ,5 0 0 $90,0 00 $ 1 ,0 6 3 ,6 6 0
1898.
D iffer en’sfr’iv 1897.
1896.
The sales on the Boston and Philadelphia Exchanges for
Sept. 10. Prev. week. Sept. 11
Sept. 12
the week ,ending
Sept. 16,-------1893,
have been asP follows
:
-----------hiladelphia. --------->
9 1

Su rplu s...............
Ismn? & diao'nta.
Net deposits.......
S p e c ie ...,_______
Le*al tenders___
Reserve held-----Legal reserve___

$
59,022,700
75,292,300
665.395,200
14,117.200
731,802,100
137,766,500
52,285,800
190.052,300
182,975,525

9

Deo 6,778,700
rue.
08,700
Deo 20 *8770"
Deo TOG 11800
Dec. 2,424,400
Deo 13036200
Dec 5,121,9* 5

*

<55
59.032.700 60.622.700
74.363,900 73.294,000
57 0,643,800 452,698,800
14.241.000 18.711.700
642.149,900 445,65 L 300
92.153.700 51,961,8 0
95.052.000 GS,219.600
187.7 00.300 12<*,181.400
160,937,475 111,413,575

— Boston.
L isted Unlisted
shares. shares.
.10,770
5,070
.19.7 43
ti. 753
, 1 7,076

Bond
"ales.

Saturday.
Monday ..
Tuesday..
Wed need’y.23,152
Thursday. .18,047
Friday.... .12,500

9,051
21,715
10,550

2 1 ,0 0 0

$ i 0,500
88.500
33,850
78,050
IHO.KOO
75,000

Total — 100,801

81,074

448,100

lis te d U nlisted
shares. shares.

Bond
sales.

8,889
20.402
14,918
1 4 ,®
22,i28
18.639

2,558
3,739
8,7 <H
8,173
4,301
7,017

$42,100
155,00 0
173,408
105,112
73,(100
101.748

09,402

35,514

801,628

Railroad and Miscellaneous Stocks.—The stock mirket
7.07b ,775 Deo 7,914,275 26,668,825
Sn.rpRm reserve
9,767.825
was decidedly heavy daring the early part of the week.
Foreign Exchange.—There is no change to note in the Speculative sentiment waj timid lest t-tio uiousv m irket
conditions governing the market for foreign exchange. The should become stringent, lightly margined stocks were freely
supply of commercial bills is increasing, and with ody a liquidated, and sales for short account accelerated the down­
limit* d demand rates are fractionally' lower,
ward movement of prices. At the lower quotations that
To-ds,y's actnal rates of exchange were as follows : Bank­ were made there was liberal buyiug for investment and
ers’ sixty days' sterling, 1 81^04 82; demand, 4 84@4 841|; stockB in considerable volume passed into strong bauds. On
cables, 4 84J j@4 84%; prime commercial, sixty days, 4 81% d> Thursday there was a decided change aud prices rapidly re­
4 81 q ; documentary commercial, sixty days, 4 80%@4 81%; covered,' the movement carrying several prominent issues,
glam for payment, 4 81@4 811,,; cotton for payment, 4 80% including Baltimore & Ohio. Burlington & Quincy, St. Paul,
@4 81% ; cotton for acceptance, 1 81%@4 81%.
Rock Island. North West., Missouri Pacific, Northern Pacific
Posted rates of leading bankers follow:
preferred, Union Pa ific preferred, Southern Railway pre­
ferred and tome of the local traction stocks from 3 to nearly 4
Sept. 16.
Sixty days.
Deinuna,
points above the lowest quotation of the week. Baltimore &
was specially strong on progress with the reorganiza­
Prime hankers’ sterling bills on London. 4 83 @4 83% 4 85® 4 85 c. Ohio
tion plau and reports that parties promi- ent in the manage­
4 81%®4 8i%
ment of some Pacific roads will be interested in the future
Documentary commercial.......................... 4 80% 01%
Paris bunkers* (francs).............................. 5 23% 3>23Uln 5 221aa21i-'<ia success of Baltimore & Ohio.
Amsterdam (guilders) banker*................. 39lBie« 40
40>s®4o»,«
Fluctuations were even wider in the miscellaneous list,
Frankfort or Bremen (reiohm arks) b’kera 94% 3945,6 84-ad94H>i* New
York Air Brake, Consolidated Gas, Illinois Steel, Min­
nesota
Iron, American Sugar and American Tobacco cover­
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah, ing a range of from 6% to nearly 13 points.

THE CHRONICLE—STOCK PRICES (2 pages)

S e p t . 17, 1898 ]

P age

1

£65

New York Stock Exchange—A Daily, Weekly and Yearly Record.
STO O ZS— S IC K E S T A YO ’.O W E S ! S .IL E P R IC E *.
S a turday, M onday. Tuesday, Wednesday T hursday F riday,
S tp t . 10. aept. 12. Sept. 13. Sept. 14, Sept. 15. Sept. 16.
•190

220

•iso

•35
387* ♦35
13* 137* 137*
34%
34
41
41% 42

44%

d
*5 *
•105 108
82*6
3276
•75
•75
>88«
•52

52%

23ii

U4M
54H

36*
13*
34%
42

•180

220

885* 58
•32
35
77
•727*
•75
887* •857*
625* 523*

8951 90*
22
22
88J* 237*
SI 00 160
*170
1135* 1145*
54
54
107* 107*
145* 157*
•70
73
39* 40
277* 275*
85*
*5*
•30
35
108* 109%
•150* 158
131 1327*

•180

220

35
35
♦34
125* 137* 12*
335* 34% 337*
407, 417* 397*

5*
57*
*576 6
♦105 103 *105 108

63*
5«5*
387* •32
77
♦75
•75
87*
8-174
037*

*0076 91
2176 217*
237*
•160
•170
115U
55
$ioo* 10 0 %
1576 15%
•70
73
41* *17*
235*
87,
130
30
109* 110*
157761577,
132 1387*

220

357*
13
34*
417*

♦5 *
67*
♦105 108

595*
35
767*

577*
32
7276
•75
86% ♦85*
53
627*

89* 90
8»j*
531* 21* •20
, 2274 S251 287*
{ 160 100 •158
•170
*170
113* 114* 1189*
54
53
53
107* 107* Xl06
147* 145* 147*
•70
73
*70
40
40
•399*
•27
2376 •27
•S
9
89*
•30
85
•30
108%109% 108*
157 157 •150
130* 130* 130

599*
32
727*
387*
687*
897*
‘217*
227,
1147*
559*
100
15
73
407*
28-*
89*
34
109*
158
1307*

15*
507*

15
S07* 51
•109

15
0
2.1
1065*
148*
15*
557*
157*
87*
13J*
387*
18
29
07

•23
•13
•133

25
15
•12* 15
133% 133 133*

H

a

25
15
134

112* 113
•96 100
•9
974
•34
35
*576 «7*
•18X 20
•4
5
*1576 17
•29
32
•3
9
18
18
7 3 * 737*
•193
•50
57*
957*
158*
•5 *
*3*
•107
•2«K
♦89
•59
•0
•11*
1337*
385*
175
•65
117
•13
•65
•S3
1350

•22
•13
•13
15
133* 133% 133

5
5
112* ll* %
•96 100
9
9
31
34
*574 6 *
18
18
•4
5
M57* 17
•29
32
•3
9%
•17
19
74* 74*
•193

58
57%
0B5*
1507,
55*
1
108
28
90
60

•50
60%
9H
157
*5'*
’*
•100
•20
•89
59*
•0
12
IH5*
38% 33*
337* 327*
29
•27
175
175
75
1177* 110*
14* •13
78
•05
36
•3 J
850

112*
•90
•9
•34
•57*
187*
•4
•15%
•29
•3
17*
•74
•192%

44%
o'"

90
90
23
23V
22-9* saw
•150
•170
114% 110
55% 551*
•100 100*
14% 15*
*70
73
41* 417,
•27
287,
87* 8 *
•30
35
109% 110%
•157 158
132 1824*

90

90
299,
237* 23*
•150
n?o
115* 110%
55
555 ,
106* 100*
157 * 157,
•70
73
41
415,
2876 287,
a
8*
•30
35
1 1 0 * 110 %
$158 L58
131 1327,

24%

Central of New Jersey....
Central Pacific................
Chesapeake A Ohio.........
Chicago Burl. A Quincy...
Chicago A East. Illinois...
Do
pref
Chicago Great Western...
Do 4 p.c. debentures.
Do 5p.c.pref. “ A ” ..
Do 4 p.c. pref. “ B ” ..
Chic. Indianap. A Louisv..
Do
pref.
Chicago MIlw. A St. Paul..
Do
pref.
Chicago A North Western.

1G4* Chicago Rock Isl. A Pac..
8,74 Chic. St. P. Minn. A Ora...
100
Do
pref
7%
34%
425, Clev. Cln. Chic. A St. L....

16
51% 53
•109

52'

Do

pref

6 Col. Hocking Val. A Tol...
•5%
6
•5%
6
•
25
105*107
107 107* 107*107* pvelaware A Hudson.....
1151* 151* •149 151 •149 151 A-'el. Lack. A Western...
545*
1474
*0 *
1137*
35*
18
29
•05

112*
100
9*
35
0*
1ST*
5
17
32
9%
17*
75

iii*
•90
9
33*
•5 *
*18*
•4
•15*
•29
•3
•17
74*
•192%

•50% 57*
91* 90*
152 157
•5
5*
1
"*
•100 108
•28'* 28
91
•89
•58
59%
*6
u s* 11%
H i*
337* 337* 33*
33*
38
33*
30
2 77* 277*
175

55%
91%
152*
•5
**
•105 *
*25
$89%
>00

58
57*
97
158%
•>%
1
100
28
91
59*

.

220

15
15%
507* 505,
50 ” 50% 50
•109
•169
*169

15
6
•5
0
•55*
24 *
•107 1087* 1075* 1075* 1085*
1517* I5i 151 S148*
•
54**
55 557* 55 55
•16
18
16
16
14*
*87*
87*
'074 87*
14
1135*
*13*6 1474 $14
35
35* •35*
3=H 36*
IS
13* 18'*
*1876 197*
•28
29
29
29
29
68
68
06
07
00
6

ch

55*
14*
8*
13*
35V
13
29%
08

112*
100
9
34
0*
18*
5
17
32
9%
18
74*

50
56*
•15
16
8
•0%
•13* 14
36
30*
IH%
•18
•29
30
•65
07

50*
10
*»*
134,
36
1-56
$29
$66*

585,
10
8
137,
36
171,
29
01*

•22
25
•12* 15
•12* 15
131 137% 137 138
•30
42* 42*
112* 113V* 113
•90
•96 100
•9
•9
«*
•34
•33
35
•5 *
•5 *
8*
19*
1»%
•4
•4
5
•15*
*15* 17
•29
•29
32
•3
•3
17*
•17
19
74 v.
75
75*
•192%
•192%

113*
100
9*
83
0*
19*
5
17
32
9%
17*
75%

Do
pref
Des Moines A Ft. Dodge..
Dul. So. Shore A Atl.pref
P r ie .............................
1-9 Do
1st pref
Do
2d pref
Evansv. A Terre Haute ..
Do
pr**f.
Do

pref

Ft. Worth A Rio Grande..
1 reat Northern, pref....

(

| llinois Central..............
L Do leased line, 4 p. c.
Iowa Central...................
Do
pref
lyanaw haA Michigan...
IVftu. City Pitta. A G ulf..
Keokuk A Des Moines.....
Do
pref
Keokuk A Western.........
T ake Erie A Western___
*-4 Do
pref.
Lake Sh. A Mich. South...

Louisville A Nashville___
\ fanlmltan Klev.,consol
Aletropolitan Street.....
Mexican Central..... ......
Mexican Nat'l Xr. recta...
Michigan Central............
Minneapolis A St. Louis...
Do
1st pref
Do
2d pref
Mian. St. P. A S. S. Mane
11% 11% *11* 12 Mo. Kansas A Texas.......
11* 1*%
32% 33*
Do
pref
3 3* 83*
8 3 * 84%
33% 35 Mlssour, Pacific........ .....
31% 32% 3 3% 33*
•26
28
$27* 27* •27* 29 Mobile A Ohio................
*175
V ”ash. Chat. A St. Louis.
117* U87* 1185* 110% 117* X ll0*llO ?4 110 % 117 * ^ Y. Central A Hudson..
14'* •13
147* •13
14* *13
14* •13
14* N. Y. Chicago * St. Louis
78
•05
78
75
•05
75
Do
1st pref.
•05
75
•65
30
♦33
30
•32
Do
2d pref
89
36
•33
*32
30
57* 57*
50% 50% 57*
97*
90% 97* x95% 90%
154* 155
155* 155 156
•0 *
5*
5*
•5 *
5%
l
l
107 •106 108 1100 104
29
•30* 28* *26% 29
90
*9 j * 90*
•83
90
•59
59*
00
§00
00

S.

•191 191 •192 194 •192 191 •192 ' 194" •19 i ” 193" xl90 ' 19o
Y. New Haven A Hart
15% 164* 15* 15*
155* 15% 15* 15*
15* 15* N. Y. Ontario A Western..
15% 15%
•14
I 0 * •14
585* 53*
52*
375*
377*
76J* 777* 7 0 *
. . .. ..
•75

76*

10* •14*
52*
51%
377* 37*
777, 767*

75% 75*

10* •14
10* •13
52*
52
52%
52%
3VJ* 30% 33% 39
77
70* 77% 77%
75

7«
75
•75*
• These are bid and asked prices; no sales on this day.

O U T S ID E S E C U R I T I E S
H tre e t R a ilw a y *
N E W y o K K CITY. '
Bleeck St A Ful F—Stock 34*
1st mort 7s 1900__ JAJ 10-4
B’way A 7th Ave—Stock 210
1st mort 5s 1904.. .JAD $106
8d mort 5s 1914.....JAJ {111*
Con 5s 1943—
Stock Exch l
8arf 1st 5sgo. 1924 115
2d 5s
as rental. 1905 { 105
Central Crosstown—Stock I 255
1st M «s 1922..... MAN 51 IS
C«n Pk N A K Kit —Stock 180
Consol 7s 1903. ... JAf>151i3

B’rrar

See

A»k. ;
37
105
220

no

114
117
107
185

§ Less than 100 shares.

Struct K.n 11vr*» c««.
ChriJit’p'r a tutu
1»t mort 1898......A&<»
CoKt 9th Ave 53
Stock
D I) K B Batt’y—Stock..
1 1st gold 5s 1932.. JAD
Scrip 5s 1915....... FA A

-See

, 42d A Gr St Fer—Stock..
42d 8t. Man A St. N Ave.
1st mort 0s 1910..MAS
2d Income 6s 1915.JAJ
Lex A r A Pav F 5s-S«*Stk

of

7

2276Apr
9%Apr
17 Apr
9 J’ly

40 Ans
17 Sep,
35*Sep
2176Sep.

3
2 J’ne
9KSeo.
9 102 Mar 106 Oct.
22
7

46*Mar
44 * Jan.

82 Deo
62768ep.

1,445 8 6 * Mar 20 98%Jan 7 08*May
1,50' 11 Apr 28 24*Sep 6
'776Apr
9,081 17*Mar 20 20 Aug 17 15%Mar
181 §150 Mar 14
147 .T’lv
§106 Mar 24 §100 Mar 14
101,017 85*Mar 20 120 Aug 18 09%Jan.
4,975 49 Apr 19 06 J’ne 1 37*J’ne
4P 102 Jan 7 113*Feb 1 95 Jan.
25,112
9*Feb 24 18 Aug 22
3%J’ne
....... 71*J*ly 15 73*Sep 2 71*Oct.
71' 28 Mar If 42%Aug 22 3176Aug
32- 20 Apr 21 SOJ^Aug 16 19 Aug
03b
7 Feb 24 11 J’ly 27
8 Oct.
17 23 Apr 10 38*J’Iy 27 26 Nov
192,384 83*Apr 21 115 Sep 8 69%Apr
28" 140 Apr 25 159 Aug 18 130*May
10,115 113* Mar 12 136*Aug 23 101%Apr
38
175 Mar 7 153 .Tan
55,421 80 Mar 25 108%J’ne 1 60*Apr
4,181 65 Mar 12 87 Aug 17 47 Jan.
115 §148 Jan 5 §105 Aug 17 133*Jan.
Ole
9%Mar 3
1,785
37* Aug 29
4,585 25 Mar
47*Aug 10 2 l * J ’ne
77*Mar 9 90*Aug 16
19* Jan 12
l2,58o 45 May 2 53*3ep 8 89 Nor
170 J’ne 7 §174 Aug 8 101 Anr
8%Sep 0
32m 14 ’ j ’ue 23 18%Sep 2
10'
4%J’ly 30
8 * Feb 10
lT6Apr
14 A ncr
17 Jan 7
1,35* 103 J’ly 10 114* Feb 3 99%Apr
13<> 144*Apr 21 159 Feb 5 146*May
10 Apr 20 15*Sep 7
9 * Apr
8,8
40 Apr 21 58%Sep 6 30 'Apr
1,005
7 Apr
8 * Apr 21 20 J'ne in
5 Apr 4
8 «A u g 23
5 Dec
209 11 Apr 21 10*Feb 4 1l* A p r
3,485 29*Apr 22 43%Feb 11 27 Apr
700 1 5 *Apr 22 21%Feb 11 15*May
810 22 Mav 9 30 Sep 7 20 J'ne
505 40 Jan 18 68 Sep 8 28 Aug
10 .Mar 12
30 Aug 5 43 Jan 28 30 Mar
7 * J ’iy
21 Feb 8 28 .Mar 5
10 May 19 10%Jan 31 12 Nov
3.37m +122 J’ly 1 180 J’ne 30 120 Jan
3 2 * Feb 24 27* Apr
2 40*J’no 28 49 Jan 27
2 8%JMy
0*Jau 25
3*Dec
9,000 90 Apr 21 115 Sep 0 91*Apr
....... $94 Feb 18 97*Aug 23 88 Jan
22?
8 Apr
7 * Mar 18 10 * Aug 22
310 25 Apr 28 87J6Aug 16 23 J’ne
4 J’ne
0*Feb 2
0 Feb 2
50.. 15 Apr 20 24*Feb 10 17*Dec
2 P'eb
5 * J’ne 11
3 Jan 27
....... 15 May 12 l S * J ’ne 14 12 Mar
30 J’ne 2 34 Jan 31 32 Feb
1 Aug
2 May 19
3 <« 12* Mar 14 23*Aug 22 13 May
940 00 Mar 14 83 Aug 19 58%Apr
170%Jan 4 193 Aug 4 152 Jan
180* Anr 19 190 May 27
40 "Jan 20 5976Aug 10
33.057 44 Apr 21 60*.Jau 31 4076Apr
22,8 21 01 Mar 20 120* Jan 14 81%May
99%Oct
14,931 !25*M ar 20 171* Feb U
0 Aug
0* Jan 8
4 * J ’ne 15
1 Nov
l* M a y 2
1 Feb lo
IU 99*Mar 12 114*Feb 8 90 Jan
24 Mar 11 3 0 * Feb 15 16 May
55 Si May 14 91 J’ne 27 77MM«r
2 2c 46 Mar 20 63 J’ne 8 40 Feb
6 Dec
llWMur 11 7 Mar 11
836' 10 Apr 13 14*Jan 20 10 Apr
8,509 23%Mar 12 41 Jan 28 24%-Apr
20,113 22 Mar 12 38%Aug 11 10 May
118 24% Apr 19 32* Feb 7 18 J’ne
175 Sep S 102 * J’ne
00 j'n e 1 60 J'ne 1 70 Jan
11.0 2S 105 Mar 20 12074Aug 8 92* Feb
1l%Mar 14 15%Jan 31 11 Feb
73 Feb 19 70 Jan 31 67%Apr
28 Mar 25 40* Jan 29 | 24 Feb
§350 J’ly 19 295 Feb
125 Sep 8 119 Jan
§178*Jan 7 §190*Au 18 100 B’eb
1.890 13%Apr 25 18* Feb 2 !2%Apr

103*Jan.
18 Sep.
27*Ang
170 Afar

t Ex dividend and rights.

o o N S H o u r iv E

7
10
27
10

37%Dec
31 Deo
06%Deo

(
\J r .

foot

1

3 170 Feb 17776AP

18%Jan.
10%May
54*J’ly

40
14 Norfolk A Western.
15% $14
Do
pref
8.379
53% 52* 5254
41% 42* Nor. Pac. Ry.. vot.tr. ctfs 191.255
41*
78%
Do
pref
73,10.
78% 78
\maliaA 9t. Louis........
RR. A N.Co.vot.tr.cfs.
805
Do oref.. vot.. t.r. erfs
77>4 • 7 6
78
71 5|

(G iven- at
&

Sales jRange fo r yea r 1898. Range fo r previ­
o f the
ous year fT897R
Week.
Shares Lowest.
H ighest. 1Low est, highest.

R a il r o a d . S to c k s .
•180 220
\ lbany A Susquehanna..
§183 Jan 4 180 Feb
*10
105 34 Jan 4 40*Feb
§39* 30*
Do
pref.
•347* 36
6,105 10*Apr 2
13
13* 13* Atch. Topeka A Santa Fe.
13
14*Aug
Do
pref 55,071 22*Mar 12 37*Aug
347* 3o4* 3 5 * 355 *
42
43*
Dalt.AO.,tr.rrc.2d ins.pd 23.548 i 12%Jan 2f 44%3ep
43*
71% 72*i
4,673 70 Sep 15
70
84S
04
Balt. A O. Southw., pref..
•57* 6
5*Jan H
7%Feo
*105 110 •105 100 Bost. A N. Y. Air L.. pref.
§105 Mar . 9 §105 Mar
28*
59
807( 587* 80S, Brooklyn Rapid Transit... 183,381 35 Mar 12 69%Aug
•29
225 25 Mar 12 34 Sep
*29
33
33 Buffalo Roch. A Pittsburg.
100 02 May 0 7 6 * s ep
•71
75
Do
pref.
•727* 75
*75
§65 Mar 10 75 J’ly
1,70c 72 Apr 21 9 0 *Jan
869£ 877* S09* 867, f'lanadian Pacific...........
1,575 44 * Mar 12 57%Feb
53 Canada Southern.........
539* 539, §53
•180

102% 103% 101%102% 101*102% 101*103
103* 104 ' 103*
82
789* 807*
80* 81*
*8176 887* 80* 817* 795* 81
•158 100 •157* 100 ♦158 100 •157 100
160 100 •159
17
$7%
7
7*
7*
7*
7*
7*
34
34%
84
34 6 31*
33* 33* •33
34 "
41* 415* 40J* 417* 407* 41
4074 407* 41% 42% 41%
15*
50
•169

STOCKS.
n . y . stock: e x

7

1
20
5

12

l l * A p r 21
42* Mar 12
19 Feb 24
50*Mar 12
7 Mar 5
35%.Jan 7
0 5 * Mar 29

17 Feb
5 0 * Feb
42* Sep
79*Sep
7 Mar
6176Auk
7 7 * Aug

7
7
10
6
5
22
31

9 Apr
22*May
11. Apr
32* Jan
5 *N o '
10 Apr
37*Jan

X Before payment of assessment.
,

pages).—STREET

j

102*Sep.
61 Sep.
103 Sep.
20J6Ang
75 Deo
43 Sep.
33 * Sep.
13 Aug
38* Sep.
102 Sep.
146 Sep.
132*Ser
105USftl
9776891
89%Sep.
150%Deo
41V Sep
88V< Sep
49 s Deo
108V. Sen
18 Jar
123 Sep
164 Aug
14% A US
50*Aug
14«J*lT
10%Auii
19 Sep
40%Sep
25%Aug
34 Sep
48 Sep
14* Aug
49 Oct
20*Sep
141 Sep
40 Aug
50 Deo
0 Aug
110%AUP
97 A US
1876S9P
41% Sep
Aug
29*Sep

V%
4%Autl

28*Jan
8 « 760 ot
2 A us
22*3ep
79T6S9P
181 Sep
55 Jan
63*3ep
113 Sep
133*DeO
046J’lT
2

%Ang

11 l*S ep
8l*Sep
90 Sep
62%Sep
6 Deo
16* Sep
42 Sep
40!4Sep
32 Aug
17374040
85 Jep
115* Sep
1756Sep
81*Sep
43*Sep
325 Dec
122 Mar
185*Sep
20*3ep
1774S9P
48* D®0
22%Deo
81?6Deo
8*De0
4 i Sep
73T6Se

RAILW AYS &o.

Bid. Ask.
Bid. Ask. J 8 rr«e t H a llw a y s .
Union Railway—Stock
Metropolit.au—
StouK Exch 1ls».
100 105
1st 5s 1942......... FA
183 190
l " 0 * 103* Ninth Avenue—Stock...
Westohest 1st 5s ’43.. JA*'
Second Avenue—Stock... 178 180
Exch i i*«t.
BROOKLYN.
1st mort 5a 1909..MAN {108 n o
170 195
Atlan. Ave., B’klyn—
117
108
Debenture 5a 1909.JAJ {105
in s
1st 5s 1909..........A AO
100* ,102*
Consol. 5s. 1948...FAA 114* 114-K
Con 5s g 1931......A AO
200 225
Im pt 5s g 1934...... JA-l
{110 114
B. B. AW.E.Ss 1933. AotU
300
Third Avenue—
8tock Exch list.
Brooklyn City—Stock....
70
05
1st mort 5s 1937...JAJ 124 125
Consol 5s 1941.......TAJ
28th A 29th Sts 1st 5s..’90 {111
113
113 n o
Rkl ynCrosstn5« 1908. JAJ
99
98
Twenty-Third St—Stock. 310
B'klyn Elev
Stock E
Deb 5s 1900.......... TAJ 103 100
Excn l 1st.
S tr e e t H a ilffft y n .

A

St-e

—See

Bid.
175
{112
6H176

As*.
200
114
11276

90
214 215*
i 14
105
xeh Us t.

in

H K HR NIC'LE —STOCK PRIt/BS (2 pages) PaGE *A

5tG

8T O C K 8-H 1Q U E ST A M D LO W E ST S A L E P R IC E S .
S a tu rd a y , i/oaduy, TW-m/ay, IFTlednesdoy r/i«r*<iay, JFViday,
£<?>!. 10,
Stpt* l'J. 5rp/. . I Sept, 14, ; Sept, 15. Sept. 10. N.

ST O C K S .

Y. STOCK EXOH.

1 3

*33
S6
•33
30
33
35%
45
40*4
« # « JSH 1*3* 13«*
J63
♦64
87
6J
k£% 8‘2'M
07
•67
06*
67
06% 0 0 % 004$ 004$ * 0 0 % 68)4
1 11SN118H 117* U .‘viv U ?H U 1? 4 117*4 118 ! U hU lin k !
.,' ! » U . 1*4!
1 A. , .' l■ *, T IHi
>n :•I . . T ...
1%
• il
• 1*4
6
*5
0 ! MS
6
*4%
*4%
•42% 48*| •1
•1 2 * 45
43 . f42H 43*4; **2% 43*4
02%;
•Jl
64
0 2 * 02% * 0 i * 04
•172
^172
173 ,♦,... *171 .......
9*
’s*
f ii
»7 *
.
«•*
18
18% l i b * I h *
IK * 18*
18*
43*
43
•124$ 48*
42
* 3 « 43*
4 3 * 43*
•21 * 22
la
18
21
2 0 * 21
21 21
•185
•185*
•185
•185
•185 .......
•27
29* *27
29*
20*
29*
07
•37
00*
69* 107* 67*1
♦134 125 *124
124 12
° * *124 125 1 124 125
•6
7
7*
*7% 7%
•0
7
59
•57
59
i5B$t 5644
57
*55
00
•10
18
18
18
•l?
10
• 17
19
•16
20
SL
Ol*
8*
6*
•8 *
§8*
8*
8
8*
8*
8
*
03V, 05*
64% 65
61*
64
04
04*
65* 06
3
32H 3t
31* 81*
3 1 * 3S
3 2 * 32%
•5 '
ft*
•5
5*
"
5*
n4 *
5*
•4 *
5*
•12
12%
•11* 12
11 *
12
12
12*
•21
‘21
21
26
•21
20
02
92
92
•88
♦88
•88
92
*88
92
♦103 170 •1*4 170
163* 103*
•164 170
22
21* 21% 2 1 * 21%
22
2 1 * 22*
9
8*
9
6
8* 9
9%
9
9*
3 4 * 3 4 % 33% 34*
S3% 31
32* 34
3 4 * 34%
14
13* 14
13% 14
13* 13*
14*
14
14*
172
•170 175 1172
U77 177
178 178 1175 175
30
30
•20
80
•20
•20
•20
30
•20
30
•40
50
•40
5U
50
♦40
•40
50
•40
50
32
*20
32
•29% 31
•29
•27
32
•27
82
29% 30*
29% 30*
13 0 * SI
2 9 * 31*
31% 33
04%
03%
63* 04% 6 3 * 64% 6 5 * 00%
04*
0*
6*
5*
6*
0% 6%
g*
«*
18*
8*
8*
8* 8*
8
•3
S%
2 0 * 21
;CsJo8t ** Q20*
20
20*
S O ' 21
2 1 * 21%
9 5 * 95*
>5
95
95% 95% 0 4 * 94% 95% 95%
•
2
*
2
*
2*
2
2*
2
•14* 15
•1 4 * IS
14% 15*
*1 *
2
•1 *
3

IVol. LXV1J.

Sates I Range fo r year 1893. R ange for pre­
or the Q nbaSitof too-sh*rtlots vious year (1897).
Week.
IShare* Lowest. Highest. Lowest. Highest.

83 V Oregon Short Lin®**.,,,..
62' 19%Jan
87%Apg 27 17%J’ly 23%Aug
47
47% IJaclIic Coast Co..........
2.552 B4%j*UO 2'
17*Aug lb
03
prof,,,.........
$83
52 83* A Ug 10 01 J’uo 2rVb*
Os
Do 2d
..............
944 58 Aug 1 > *66%Sep 7
2,031 110%Mar 12 120%Feu 7 10 8 * Jan lift Sop
HO
...........
.11 138*4
111. Pennsylvania.....
Poo. Decatur & Kvunsv.,.
%Jan 7 2 * May 23
* J ’ne
8m A Off
0 Peoria A Eastern.... .......
4 Feb 28
8%Aug
5 Apr
5%'Fob 11
*42% 48* Pittob. Cln. Chic. St. L . .
8S%Jan 5 7 * May 2 11%Mar 39* Doc
♦62* 05
1,330
57
5
1
ur
23
71 Feb 7 44*J‘ne 70*Oot
Do
prof.
172 ....... Pitts. Ft, W. & Ch.t guar..
1108 Feb 25 1175 Sep
150 May 172* Aug
•8
d Pit tab. & West., prof.......
" ‘ SO 5 * J’ue 11
4%Aug 12 Sep
0%Sop
18
18%
4,550 1 5 *Mar 25 2 3%Jan 0 10%Apr 29*Sep
eading, voting tr. ctfs..
43* 44
1st prof., vot. tr. ct fs
8,816 30 Mar 12 54%Feb 3 36* Apr 57%Sep
•21
22
0UO 18UMar 2» 29 Jan 0 2 2 * Apr 35*Sep
2d prof., voting tr. ctfs..
185 ....... Rensselaer A Saratoga....
182 Jan 20 8185*J*ly 27 175 Oct 185 Jan
Rto Grande A Western___
22 May 11 32 Aug 23 14%.1’nc 25*Sep
* d i " 89*
35 50%'Mur 15 0 9 * Aug 27 25 May 6 i*D e o
Do
prof.
124 125 Rome Watertown A Ogd..
I n o w Mar20 §125 Aug 31 110 Mar 122 * Deo
C t. J. A G. 1*1., vot. tr. eta.
9%Sep
5*M ar 7
"'*16
8% Feb 11
3 * J’ne
207 45 Feb 24 63 J’ue 11 8?%J’ne 64* Deo
Do
1st pref
290 18*Apr 26 23%'J’ne 11 10*J’ly 20*Sep
Do
2d prof
8
1,520
9 A Ug
0 Mar 20
8'4 St. L. S. Fr., vot- tr. ctfa.
9 Aug 25
4 Apr
1,0 20 5 2 * Mar 12 6 9 *Aug 22 37 Jan 59%Deo
66
Do
1st prof.
00
4,420 2 2 * Fob 24 3 4 * Aug 24 12 Apr 27*Dea
Do
2d prof.
32% 33*
♦4
5 St, Loula Southwestern...
7 Aug
0 *A u g 10
3%.laii 24
J A pr
12
7% Mar 12 14* Aug 16
1,80'
Do
prof.
3 * Apr 14%Sop
26 St. Paul & Duluth...........
ISVfiJMy 0 27 Aug 11 20 Jan 30 Sep
*21
92
*88
78 Apr 20 90 Aug 3 72*J’ly 87*Oct
Do
prof.
810 123%,Tan 12 171 Aug 26 111 Jan 125 Aug
109* 109% St. Paul Minn. & Man......
22*
2,191 12 Apr 13 23%Aug 26 13* Jan 23*Sep
Southern Pacific Co........
2
9 Southern, voting tr. ctfs..
5,550
7 Apr 21 10 Aug 28
9
7 Apr 12*Sep
34M 34%
Do prof., vot. tr. ctfs 21,24 5 28%Mar 20 36%Aug 27 22%Apr 38%Sep
5,530 , 8*M ar 12 16%Aug 24
exas A Paciflc.,..,,.,,
U H 14%
8 Apr 15 Aug
701155 Apr 21 194* Feb 10 146 May 173 Deo
►175 178
bird Avenue {N. Y,)...
. ..i lia Aug 20 515 Feb 10 2 0 Sep 20*Oct
*20
SO Toledo & Ohio Centrai___
50
... 35 Aug 24 45 Sep 8
•40
Do
pref.
30 Twin City Rapid Transit..
10*Jan 12 80* Sep 2
*26
9%Dec 14% Deo
84,092 1 0 *Mar 25 3 4 *Aug 80
nion Paciflc R y ........
33«
Do
.. prei 107,00. 45%Mar 12 0?%Sei> 0
86« 6'%
4 * Aug 3 10* Feb 18
1 Apr 1 l%Sep
0% «M Un. Pac. Den. A G., tr. rec. 10,928
9%Sep
1,6«*0
4%Mnr
9 *A u g 31
*8
\\7abash.....................
8 * Mar 25
• V Do
pref. 14,355 14* Mar 7 2 4 *Aug 31 l l * A p r 24%Sep
21% 22
1,000 8 7 *Apr 20 102%Jan 8 1 00*Nov 112 Aug
West Chicago Street,......
94*
0*Jau
%J’ly 22
3,3 45
2
a-). Wheel. & L. B., S3 ass’t pd.
* J ’ne
3%Jan 11
1,500
10 Jan 12
8 J’iy
2%Apr 29 Jan
Do
pref. $5 do
15% 16
4%Aug
SO
U
8*Jan
17
%Jan
1
J’ne
Wiscon.
Cent,,
vot,
tr.ctfs
1M
t llS C t llH Il’ S StOCitS.
309 97*A pr 29 1180 Feb 10 l47*Feb 105 Oct
114
i 112 115 ill3
113 §115 A darns Express.........
20,098 1 5 *Mar 25 39%Aug 26
9 * May 20%Sep
3 5 * 86*
35% 87
txiuerican Cotton Oil...
8 4 * 85*
2,545 60 Mar 14 90%Aug 22 52UFeb 80*Sep
S35
87
80
Do
pref.
85
17 2 2 5lay 13 30 Sep 1 2 1 * Dec 27 J'ly
140
40
•27
35
American District TeJ —
40 §110 Jan 5 140 J’ly 20 109*Jan 119*Nov
§ 130 130 •130 130
130 185 ♦130 135 American Express.
2,080 24 J’ly 8 38 Aug 16
“ •3 L% 32
American Malting.........
3 1 * 32*
3
§31% 31%
S3
83*
3,765
83*
76*J’ly 5 87%Aug 10
Do
pref.
8SM S3
8
3
vi
82 82*
2,020
13
0 *J a n 20 15%.J’ne 9 6*Nov 15* Aug
§13
13
13
12% 53 * American Spirits M fg .....
13* 13*
2.70H 16 Mar 20 41%Aug 25 15 Dec 30 Aug
37
•35
•3 0 * 37
Do
pref3H« asvs
86
38
17,936
31
33
3 2 * 31
So
25%Sep
14 43*J’ly 9
American
Steel
&
W
ire...
2 5 * 29 ; 2 9 * 32%
82J-1
5,070 82 Sep 14 92*J ’ly 9
Do
pref.
8 0 * 85%
86* 80*
. _
, 82 84 ] 8 4 * 84%
135*137% 133* 13
135*137
x 120*130*! 120* 128* 123*128* American Sugar Refining. 325,956 107 * Mar 20 140%Aug 20 !09*M ar l59*Sep
1,371 103 Mar 25 •10 Jan 6 100*Jan 12l*Sep
115 115* 115 115 U l-i% 115* x 112*113 : 112% 112% 112 1184j
Do
pref.
45 §88 Mar 29 98 Sep 10 85%.Jan 94 J’ne
•06
98
•96
98
98 American Teleg. & Cable..
....
~~
497% 07% *9*3 98
§98
♦90
98
13 * 144* 143 140* 1 4 -1 * 1 4 6 * 1 4 3 * 1 4 6 * 145* 150* 148* 152 Ik American Tobacco.......... 230,176 83%Jan 24 152*.Sap 10 67* Feb «6%Aug
520 1 1 2 ‘4'Mar 11 135* Aug 26 100 Feb 115 Aug
Do
pref.
•125 132
....................... 1130 180 130 130 130 130
113 78 Mar 14 LOO Aug 2 .............................
Do
dividend scrip.
100 100
95
*09 100
2%Mar 21
5%Jau 21
3%Oct 10*Aug
5,16
3
3f»
3*
ay State Gas...............
3H
3*
3*
3«
•1*
530 100 Mar 26 128%Aug 12 85 Jan 137 Sep
rooklyn Union Gas..,,.
•125* 127* 125* 120 §126 120 §125
124 125
*123*120
200
•SJ4 10
8
%Sep
10
Brunsw.
Dock
&
C.
Ini
pvt.
14
J’ne
0
......
— ....... ..
9
•8 *
•9
10
8M
BK
#
♦
*
......
%Jau 28
%J*ly
2 Aug
MApr 7
/Colorado Coal A I. Devel.
.......
*
2 J’ne 6 2%Apr 8 2 Oct. 5 Sep
*1
an
prel.
•1
*1
•1
•1
2*
2V v Do
2,430
17
Mar
12
24
21
26%Jan
11
15*J’nc
27%Sep
Colorado
Fuel
&
Iron.......
21
•2 1 * 23* •22
20
82K
20
2 l«
21
SO
Aug 19 70 Nov 85 May
75 Aug 19
80 ♦
Do
pref.
80
• ....... SO
■......... so *
*J an 13
3 * J’ne
7% Aug
lUOi 4 *J ’ly 25
•4
•4
*4
Coi. & Hock. Coal A Iron..
•5 *
6*
6*
C%
A H *4
5,330 167 Mar 20 205*J’ue 9 l 3 «*Jan. 24i*Sep
Consolidated Gas (N. Y.)..
181%182
181
IS O * 186 J4 183% 186* 180*183
182 182*
5,805 27*Mar 25 52 Sen 2 28 Nov 4l%J’ly
4 8 “ 4 8 * 4 5 * 48
47
48*
49
49*
4 7 * 48
48H 4»M Consolidated Ice...........
731 83%Apr 28 92%Aug 31 80 J’ne 00%,1‘ly
9 2 * 9 2 * 193 93 *90 93
92
92*
•92
93
Do
pref.
90
90*
40 May 17 §45 Feb 14 35 Feb 3 7 *May
•46 .......... *40 ...... *40 .... ♦40
•40
Consolidation Coal........
i ’,650 45 Apr 20 67 Sep 1 6 20 Jan, 60 Nov
04* 64* •6 2
07 Detroit Gas............ .
05
’ *04* 65*
64
6 1 *May 20 00 Mar 11
55
Eastern
Elevator..........
55
'....... 55
135 Jan 20 101%Jan. 132*Sep
4a 119 Apr
J dieon Elect. 111. (N. Y .j.
SI 805$ 130?$ 1 3 1 " 1 3 4 ”
■131 131
106*J’ne l 122* J’iy 18 97 Feb 115* Aug
2,735 70 Sen 15 79*Seo 16
t eneral Electric....
17,193 29* Mar 12 47*Sep 1** 28%May 41%Sep
Do
old
4iJ4
4:i«
43H 44*
43M 45
45
4»>4 48>4 47 *
0,34 4 15%Apr 22 36*Feb 16 ..............
26
28
2b
28
27* 28
28% 29M Hawaiian Cora. & Sugar...
2flH a,v,
2 8 * 29
12,303
73
6
5
«
44 * Apr 25 75%S< p 6 29*Apr 50 Aug
UIuoib Steel.......... .
09
70
71
VIS,
6S«
64% 09
70
09*
t)
48* 51% 48
53
49
5,.^ nteruational Paper----- 15,52" 48 Sep 14 06 A u g2 i .............
53
48* 50% 53
5 I « 52*
4,500 8 8 *Svp 14 93 Aug 22 ..............
90
8BM HOV. 8 8 * 89*
Do
pref
90
90* 190
89* 00%
90
89
1,83* 37*Mar 25 54%Aug 9 22 May 49%Aug
49%
aclede Gas (St. Louis)
4 8 « 49
4fl>* •49
50
4S«
40«
4
85 Mar 12 96* Aug 8 70 * Mar 96 Aug
95
•93
•93
95
*63
94
Do
pref
•93
90
95
94
*92% 94
52
52
-45
45 Mar 28 §53 J’ne 10 40 J’ly 52 Dec
aryland
Coal,
pref.....
•45
52
•45
52
52
•45
*45
52
•45
57 Jan 20 99%Aug 33 38 Apr 00 Aug
95*
innesota Iron............
9 5 * 98
SB}< 93
x91% 91% « i w 95
e«X 97
30%Aug 3 36 Aug 15 .............
ational Biscuit..........
32
32
33
81?. 32
31% HIM
BHW
3 8>, •32* S:H(
97
95
9 4 * Aug 1 9 9 *Aug 9 .............
Do
pref
•95*
95
97
«6?S
*94% 07
96
'B5N 97
34’- . 35
34
2 0 *4 Mar 20 39% Aug 23 2 l*F e b 44 Sep
35
9-»M «8M 34
35* 36M 34% 35 National Lead...............
99 Apr 22 1 1 3 * Aug IK 88%Feb 109%Sep
i l l * §110* 111* 110 L10
Do
pref.
*109
Lit S ill
110 110 §110% 111
5*
4 J’iy 26 21%May 23 10 May 23*Aug
5*
5
5
5
5
6
§4
§5
4 vs National Linseed Oil.......
8K
UJ4
5 Apr 25
9 Feb 10
3 May 13 Aug
0
•5
♦5
•5
•5
*3
7%
5*
*5
7% National Starch..............
7*
60
Mar 25 80 Jan 18 5 l*M a r 90 Sep
77
•73
77
•73
Do
1st
pref
•73
77
*70
73
*73
*78
15 J’ne 29 30 Jan 27
8%Apr 45 A ug
Do
2d pref.
*20
25
25
25
•20
•2 0
25
25
*20
25
•20
►20
■11 Aug 4 43 Sep 13 .............
♦40
43
4 2 * 43
•42
43
42
42
12*
43
45 New Cent.Coal (new stock)
4»M
14
Apr
5
90
94*
99
104 Sen 10 22 Dec 31*Aug
92*
93% 0<M 90
98
0 9 * 104 N. Y. Air Brake ....
99*
6 * Aug
4 * Jan 15
North American Co.
7 * Aug 23
3%Apr
0*
6%
n«
8 * Jan 4 4 J’ue 11j 8%Nov 10%Jan
•4
0
•4
0
•4
0
•4
6
*4
0 Ontario Silver.........
89*Sep
32*
21 Apr 21 35%Aug 2 2 ’ 24 Jam
81* 82% »* K 88M 82% 88M llacitic M all...... ..
3 2 * 32%
33
8
§325 Mar 23 §350 Feb 25 330 Dec 340 Mar
t ennsylvanta Coal.........
♦330
•330
*330
•900
*320
♦335
8 6 %Mar 20 108 Aug 31 91 Nov 97%Dec
103%105% 103%105% 105* 106* 105 108M P eople'» Gas- L. A C. (Ch ic.)
103% 101% 102* 104
105 Mar 12 210 J'ly 5 152 Jan. 185 Sop
180 180
1188
1187% 188
186%187
188 188
189 189 Pullman's Palace Car ....
4 * Aug
l%Aug 10
2 * Jan 7
l * J ’ue
•a
uicksilver Mining......
*2
*2
*2
2*
•2
2M
5 J’ue 2
7 Aug 22
8 Apr 13 Aug
•0
•0
6
8
Do
pref
8
•0
8
*0
*0
8
•M X 01
BfiWApr 4 60%Sep 8 5i%Aug 05* Jan
*6 0 * 61
•00
61
•0 0 * 01
•0b* 01
•iV'M 01 Qilver Bullion Certtflc’t'H.
2,551! 8 * Jan 3 10* Aug 26
8
7*
7%
7
2%Dec 1l*J au
-54
TH
B!K 7 *
794 8 Standard Rope A Twine.
17 Mar 12 3 4 *Aug 22 i 17 May 35*8ep
27% lid?, 26j* 28
28% 29*
28J4 29
28
2 * * 29
au-M rPenn. Coal Iron RR ... 17,90
f Do
prof-! ...........180 A ug 17 »80 Aug 18 ! 65 Apr 8 09 J'ly
Aug
1 0 0 ! 5 May 27
•s
9
9
9 * Aug 19 ! 6 Apr
Texas Paciflc Land Truat..
•8
7*
*8
9
7%
88 Apr 14 $45 Feb v> 37 Feb 48 Jhy
42
§42
42
143% 43% •41
nited States Express ..
•41
45
142
45 1 Ml
44
8*M ay 2il
6*Mav l0 *A u g
315 5 * Apr 25
7 % 7% §7
7
nlted States Leather ..
7
§7
7%
7£& •7
7*
7*
53%Mar 20 74* Aug 22 50 Apr 72 Sep
23,883 53?“
70
00
Do
pref. 23,383
6 8 * 70*
0 3 * 70 1 09
70
69*
e
<i«K
39,90"! 14* Mar 12 4 8 *Aug 17]| 10 J’ue 25%Jan
42 , ■io k 41% 40% 42
40% 4J 1 41
43* 46
•15)4 47% United States Rubber
pref j 10,447 60 Mur 12|l09*Aug I7i' 50 J’ly 76KJan
| 102 102* 100*103
102 102'* ! 102 10
Do
105 105%
J0J% 105
17 U 12*M av OU25 Aug 31 97 Jan. 20 Deo
125 •130 125 i§120 120 *120 125 ♦120 125
ells, Fargo & Co .
•120 125 .M 9
8,82^1 62‘-:<M »r 261 u5%Aug 17'I 75%May OOHScp
oh tern Union Te leu*b
93
92
U3K 93% «4
93
93* 1 92

43% 48*$
•82 84 ‘

6 *U2 Oi *

1 Do Hi prof

H
•4ti

17* 18*!

iH

R

&

112* 12*

•SS

H

4

&

21* 21*

m

&H
sh

ZM

T

U

m

•X

33* 86

-m

%

8 5* 86

t%

*. • m

2*
21
SO

3*

3*

u

2*%
%

B

%

I

4:m

J

4BM

04

•>m

L

m

L

M

«w

N

"H

vm
m

m

m

*4

•t

mS

m

r‘ H

•m

H

4>m

OUTSIDE SECURITIES

* These are bid and asked prloes; no Bales on thin day.

Jk

See

<f

&

H

U

m

mi

Bid.
S tree t K n llw n y s .
IkinHtU 1fit 5h 1941A AO 104
BQflaCo.AS.—l«t 5a. 1941 $108
Bklyn H«p.Tran.—8 Stc* ok Ex.
Col.Ceti! Gr.AB'kyulst 0fl 110
Coney Island Brooklyn. 221
1ft 5« 1904...........J&J 10?%
5i oertf s indbtl 910.J AJ 103
B’kC.ANew 5s ’30.JAJ $113
Gr.BL&New IptSs’OOA&O 104
G'p’t & Lorimor 8t- 1si u*. 110
Kings Co. Elcvau—stock
0
Incomes........ ..............
10
Bonds—
Stock Kxcb. Llm.

Q

Ask. j
too
no
List
......I
240
104
105
115
100

11

(G iven

11*068 than

100

W

shares.

at foot of

Htrtffst R a il w a y * .
Naxsau BJec 5h 1014. A&O
New Wmb'g3t FI 1h1kix.4%s
NY A Qua Co 5i» 1946. A&O
Btelnwayl stOal 922. J&J

Bid.
105
101

.

$113

Ask. f
103

1

ih m

!

OTHER CITIES.
Balt. Consol—Stock—
Balt L ist
j
Brldgep Tr-lst 5s '23.J&J 5100 105 ;
Buffalo Street Ry—Stock. 79
si I
l?t- consol 5s 1931 F&A §112 114 ;
Crosstown 5b 1932A1&.N Slin ^ 1 1 1 %
Chicago City RR—Stock.. 281 29 0 |
1 Citizens’ St (Ind’nap)-Srr Phlla list. J

See

* Ex dividend of 100 per cent la bonds.

coNSBOtrrrvE

pages).—S1REET

Bid.
feltreset ttnilwnyK09
Oeve]and City Ry..........
Clo vcl Cab-l«fc 5s ’09. J&J {103
74
Cleveland Electric Ry....
Con 5s 1913.......M&8 5104
Columbus (OhioJ—Stock;.
o ik
Con 5s 1032.. ..... J&J 1 0 0 %
Croast ’wn -1Bt5a’ 33J& l) 100
Phila
Consol Tract’n (N J
12
Lake St (Ohlc)Elev-StOck
74
1st 5a 1928......... JAJ
L oulsv St. R y—5 p cb o n d ? }U 5
C o m m o n ............................ 34
96
P re fe rre d
................

)—See

I L ow est La ex d iv id en d .

RAILW AYS, dec.

Ask.
Bid.
S treet H a llw a y s ,
72
'Love Elect True (Chlc>...
104% Lynn&Bos-1et 5a ’2 l.JAD 5105
vief.rop West Side (Chic).
106
1st 5s 1942..........F&A
54%
02k VItnneap 8t Ry-5e ’ 19.JA J 5 92
New Orleana Tr—Com....
1'ir
1
Preferred....................
102
5
Notes 0s 1904 ---- M&N
list.
12% North Chicago—Stock.... 224
78
1 1st5s 1906-10...... J&J 5104
10 %
115* No Shore Tr (Bost)-Com.
Preferretl........... .......
39
78%
5 Bnver pave accrued Intern
100

Ask.
ioe%

3

50
94
2
8
75
223
105
12
80

8 tv

THE CHRONICLE.—BOND IBICES (5 pages) aaa JU

S ept . 17, 1888.]

Week's
Price
Range
F rid a y , R ange or 1 2
fro m
Sept. 16. L a st Sale. 5 <a Jan. 1.
B id. A sk. Loio. High. No. Low. High

BONDS.
M .Y . STOCK E X C H A N G E
W e e k E n d in g S e p t . 1G.

A

See
See
See
See
& See

P n ce
Week's
R an^e
F riday, Range or
fro m
Sept. 16 L ast Sale.
Ja n . 1.
Bid. A sk. Low. High. No. Low. H igh

BONDS.
N .Y . STOCK E X C H A N G E
W e e k E n d in g S e p t . 16.

Ches A Ohio—(Con.)—
kron A Chic Jnc.
BAO.
Gen gold 4 * s .............1992 31-S 86* Sale
labama Cent.
Sou Ry.,
93* Aug’98
Registered...............1992 31-8
91
93*
Alabama Mid 1st gu g.. .1928 M- N
R A A Div 1st con g 48.1989 J - J 102 I0 4
Albany A Susq.
D A H.
95
2d con g 4s............. 1989 J - .1 92
Allegheny Val.
Penn Co.
Craig Valley 1st g 5s.. 1940 J - J
Am Dock I.
Cen of N J.
88
89
81
Warm Spr Val Istg5s.l941 31-8
89
Ann Arbor 1st g 4s...... 1995
91
95*
85
Eliz Lex A B S gu g 5s. 1902 31-8 101
95 Sale
96*
Atch T S Fe gen g 4s .1995 A - O
8 9 * Mar’98!
89^ 89* Chic A Alton sink fd 0s. 1908 M -N ‘ 111
Registered...............1995 A - U
70*
7 2 * 1304 53% 73*
Lou. A Mo Riv 1st 7s..1900 F -A
Sale
Adjustment g 4s....... 1995 Novt
2d 7s...................... 1900 M -N
Registered.............. 1995 Novt
Miss Riv B 1st sf g 0s..1912 A -O
Equip tr ser A g 5s... .1902 J - J
Chic Burl A Nor.
C B A Q.
Chic & St Louis 1st 0S.1915 31- S
“ 1903
~03 J - J 115 115*
Chic Burl A Q—Con 7s..
Atl Av Bklyn imp g os. .1934 J -J
9 9 * Aug’98
Sinking fund 5s......... 1901 A -O ’ 05 Sale
97* 09
95
99*
Allan & Danv 1st g 5s.. 1950 J -J
Debenture 5s.............1913 3I-N 110 Sale
Atlanta A Char.
Sou Ry.
Convertible 5s............1903 M- S ....... l ib
Austin N W .
So. Pac.
Iowa Div sink fd 5s... 1919 A -O 108 .......
at Creek AS. Se«Mich Cen|
4s.......................... 1919 A -O 102 * ........
100 118*
alt A O 1st 6s Pkbg Br.’19 A - O 115 Sale 112* 112*
111* 115
111% 115*
Denv Div 4s.............. 1922 F - A 102 Sale
Trust Co. ctfs. of dep.......
••
118* Aug’98
60 118*
4s............................. 1921 M -S 100 .......
Gold 5s ........... 1885-1925 F -A
Chic A Iowa Div 5s.... 1905 F - A ■103 .......
Coupons off....................
111* Aug’98
95 113*
Nebraska Exten 4s.... 1927 3I-N 101* 101*
Registered..... 1885-1925 F -A
90 115*
Registered.............. 1927 31-N
Speyer A Co. certf of d e p ...... 115 Sale 114* l l 5 * j
Han. A St. Jos con 0s.. 1911 M -S
....
Trust Co ctfs of deposit.. •■•
i t lfi* Chic Bur A Nor 1st 5s.l920 A - O ....... I l l
Consol gold 5s..........1988 F - A 118* .... 118* Sep.’98 ••
116 Aug’98 ••
103 110 * ChicAE 111—1st sf cur 0S.19O7 J - D 115* 118
Registered.............. 1988 F-A| ....
116* Aug’98! ••
97 1 1 6 *
Small........ ...............1907 J - D
J P 11 4 Co ctfs of dep.
••••
100 Aug’98 •• i 84 101
1st cong6s................1934 A -O '129 ......
BaltB’lt lstg5sintgu.l990 M -N ....
General con 1st 5s....1937 M -N 107* 103
W Ya A P lstg 5s......1990 A -O j ....
Monon Riv 1st gug 58.1919 F -A , 90
...............
Registered............. 1937 M -N
99 104*
Cen Ohio R lstc g4*sl930 M- 8 lot ....... 104* Aug’&o
Chic A Ind C Ry 1st 5s. 1936 J - J
ColACinM Istext4*sl939 J --J * 74
77 ..................
Chicago A Erie.
Erie.
105 Aug’98
105** 105** Chic Ind A Louisville—
Ak ACJ 1stintgug58.1930 M -N *102*
105 Aug’98
100 105
Louisv N A A Ch 1st 0s..’10 J - J
Coupons off............................ 102*
107* J’ly ’98
105* 107*
Chic Ind A L ref g5s.. 1947 J - J
Pitts A Con 1st g 4s... 1946 *1- J I .......
102* 102*
98* 103
107
Refunding g 0s..........1947 J - J
B A O S W Istgug4*s.l990 J - J 102
78
70
76
Chic Milwaukee A St Paul—
BA O SW Ry cong 4 *s 1993 J - J
27* J'ne’98
151*
27
27*
1st 7s $ gold R D .......1902 J - J
1st inc g 5s ser A . .. .2043 Novt
9 J’ne’98
1st 7s
gold RD....1902 J - J *151 .
8
9*
8eries B ..................2043 Dect
151* .
1st Iowa A D 7s......... 1899 J - J
B A O 5 W Ter Co gu g 5s.’42 M-N
104* 105*
IstC A M 7s.............. 1903 J - J 151* .
105 Aug'98
Ohio A Misslstcon4s.l947 J - J
122* J’ly ’98
Chic Mil A St P con 7s. 1905 J - J 151* .
120*122*
2d consol 7s............ 1911 A - 0
104* 104* 104*
102*108
1st I A D Exten 7s.... 1908 J - J 151* .
1st Spr’gfleld Dlv 7s. 1905 M -N
1st Southwest Div 0s. 1909 J - J
1st general 5s......... 1932 J - D
1st La Crosse A D 5s.. 1919
J
Beech Creek.
NYCAH,
1st So Minn Dlv 6s. ...1910 J - J 118 .......
Bel A Car.
St L A A T H.
1st Hast A D Dlv 7s.. 1910 J - J 129 129*
Boonev Bridge.
M K A T.
5s.......................... 1910 J - J
BwayA7thAv. Se«MetSRy.
119 120
..... 112* Sep.’98‘ •
Chic A Pac Div 0s..... 1910 J - J
112 113
Bklyn City 1st con 5s 1916-41 J - J 113
93 Sale
Bklyn El Tr Cocf Istg6sl924 ......
! 79
Chic A P W lstg 5s— 1921 J - J 117 117%
93 '
93
94*
*6 J’ne’98
86
Chic A Mo Riv Div 5s. 1926 J - J 114 .......
86
Tr Co ctfs 2d g 5s......1915'....... ’113
Mineral Point Div 5s.. 1910 J - J
68 May’98
08
68
3d instal pd................... ........
7 0 * Dec’97
Chic A L Su Dlv g 5s. .1921 J - J
S A BBT Cocfs 1st gu g5s’4 2 ......
Wis A Minn Dlv g 5s.. 1921 J - J '114% .
3d Instal pd................. ......
92*| 92%
94
Terminal gold 5s....... 1914 J - J
Un ElTrCocfs latgug0s*37......
Q2% 321 80
104* 4fi; 91 106
Far A Sou assu g 0s.. .1921 J - .1
Bklyn Rap Tr g 5s........ 1945 A- O 104* .......104
Cont sink tund 5s......1910 J - J
Bklyn A Montauk.
L Isl.
Bruns A West lstg 4s.. 1938 J - J * 73 ..............
Ill
113*
Dak AG t Sog 5s....... 1910 J - J
Gen gold 4s series A .. 1989 J - J§ 1....... 1 0 0 %
Buff N Y A Erie.
Erie.
106
Buff R A P g e n g 5s......1937)M-S * 1 0 4 * ...... 100
Registered.............. 1989 Q-J5
104*108
Mil A No 1st M L 0 s.. 1910 J - D 120
Debenture 0s............ 1947
J - J ................
Roch A Pitts lstg 0s. .1921 F -A 126 128*jl27 Mar’98;
127 127
1st consoles............ 1918 J - D 121
Consol 1st 0s..........1922 J - D *126 ....... 123 Aug’98
122 124* Cblc A Northw—Con 7s. 1915 O - F
■ 142
a A Mab 1st gu g 5s.. 1943 J - J *121 ....... 103 Apr’97
Gold 7s..................... 1902 J - D
Bull A Southwest.
Erie.
Registered.............. 1902 J - D 114* .
Buff A Susq 1st gold 5s.. 1918 A -O ................ .....................
8lnking fund 6s.. 1879-1929 A -O
115
Registered..... 1879-1929 A -O
Registered................ 1918 A - 0 ................ |...................
Bur C R A N 1st 5s....... 1906, J - D 1 0 6 * ....... 1 06* 1 0 0 * ;
Sinking fund 5s.l879-l92U A -O i o 7 * :::::
L 104* 109
Con 1st A col tr g 5s... 1934 A - 0 10-** 109* 107 J’ly ’9bj ••100 109
Registered..... 1879-1921< \ O
Registered............... 1934 A - O
. .......
Sinking fund deb 5s... 1933 3I-N !!!!!! iso*
M A St L 1st gu g 7s.. 1927 J - D ................ .....................
Registered.............. 1933 Jl-N
C R I F A N W lstg 0s..’20 A -O *103 ....... 108 Dec’97
25-year debenture 5b. . 1909 • N
1st gold 5s................ 1921 A -O * 1 0 5 *...... 105
Registered ............. 1909 M-N
— 11i 05** 105”
anada South 1st 5s... 1908 J - J 109* Sale 109* too-.
30-year debenture 5s. .1921 A - O * 115 * 11 0 *
10| 107*111*
108* 107* 109
2d 5a...................... 1913 M -S
151 105 111 !
Registered.............. 1921 A - 0 M 10 ....
Registered.................. 1913 31-8
100 Jau.'O
Extension 4s.... 1880-1926 F- A 103* 10C
CarbASbawn. SwStLAATH.
Registered.......1880-1920 F- A
Cartb age A Ad.
NYCAH.
Gen gold 3 *s..............1987 M- N 1 0 2 * Sale
C R I i F AN.
B C II AN.
Registered............... 1987 y - N
Central Ohio.
Balt A O.—
Escan A L Sup 1st 0s. .1901 J - J
Cen RR A Bkg Co of Ga.—
Des Mo A Minn 1st 7s. 1907 F- A
Collateral gold 5s.......1937131-N • 90
92* J’ne’98
Iowa Midland 1st 8s... 1900 A -O
87
93M
9 m
Cent of Ga Ry—lstg 5s.. 1945 F-A t *114
114* J’ne’96
Winona A St Pet 2d 7s. 1907 M- N
119M
Registered.............1945 F-A t
Mil A Mad 1st 0s....... 1905 M- *
Consol gold 5s............1945 M-N
89* Sale
88
90
8'! 84* 92*
Ott C F A St P 1st 5s..1909 31-8
Registered............ 1945 M- N
North Illinois 1st 5s... 1910 31-8
30 3«
1st pref income g 5s...1945 Oct.t 41 Sale
39
41
44*
M 11LSA W lstg 3s.. 1921 31-N
2d pref Income g 5s... .1945 Oct
...... ...... 14 Aug’98
Convertible deb 5s..1907 F -A
10 * ISM
8d pref Income g 5s. ...1945 Oct.i
3
Ext A Imp a f g 5s.. .1929 F - A 100
0
4M
8M
A N Dlv lstg 5s....1946 J - J .* 90
91
92 Jan.’w* ....
Mich Dlv 1st gold 09.1924 J - J *181
92
92
Mobile Dlv 1st g 5s... .19461J - J • 95
90 .I’ly ’OH
Ashland Div lstg 6s 1925 31-S »13l
95% 99
Mid Ga A Ati Dlv 5s. .19471.1 - J • 82
35
80* Sep.’96
Incomes................. 1911 Jl-N
6fl* 86^
Cent of N J—1st con 7s. 1899|Q- Jt 108*
iOSK 1 03K 12 108 1 0 1 M Chic Rock I A Pao6s....l917 J - J *130
1st convertible 7a..... 1902 M-N
11 3 * Dec '9 .
Registered.......
1917 J - J 130
112* J’ly ’9H
Debenture 5s.............1921 M -S
I10M M2M
113* 113* 112
113*
Registered............. 1921 M -S
3, 109* 115
Registered.............. 1987 Q-Jt •112* ItSW 112* 112* 21 108* 1 H *
General gold 4s......... 1988 J - J 103* Sale
Leh A W B C con as 7a. 1900 Q-Mi
100 10O* Sep.’OS ....
99* 103*1
Registered..............1988 J - J
5b ...........................1912 M -N * 75
91 J’ly ’WM
90
93
Des M A Ft D 1st 4a.. 1905 J - J !’. !!!! *94*
Am Dock A ImpCo 5s.l921 J - .1
114 113% Aug’98
1st 2 *s .................. 1905 J -J
‘n o 110
N J South Int guar 6s. 1899 J - J *102
Extension 4s.......... 1905 J - J
Central Pacific—
Keok A DesM 1st 5s.. 1923 A -O
Speyer A Co ctfs dp A.1898
1P8
Small............................ A - O
108 Feb.’9N
103 103
Speyer A Co ctfs BCD. 1899
103
103 Feb.’9> .... 103 103
Chic A St L.
At T A S F.
103
Speyer A Co ctfs dep E.1900
Cblc St L A N O.
111 Cent.
103
Speyer A Co ctf FGH1.1901
Chio St L A Pitts.
Pa Co.
San Joaquin Brg6s...l900 A -O 104
102* J’ne’98
102*105
Jbic St P M AO con 0s.. 1930 J - D 134 ......
Guaranteed g 5s........1989 A - 0
Ch St P A Min 1st 6s.. 1918 31-N *184 ......
90
8peyer A Co eng cts...
Nor Wisconsin 1st Bs..1930 J - J
.... 140
Land grant gold 5s.... 1900 A - O 102
102 Mar’98
100* 102 ! St P A S City lstg 08.1919 A - 0 *132 .....
C A O Dlv ext g 5s— 1918 J - J 102
101 Jan.’98
101 101 1 Chic Ter Transferg4s ..1947 J - J
88 Sale
Western Paciflo g 0s.. 1899 J - J 102* Sale 102* 102*
8 101
104
Ch A West I 1st s f g 08.1919 M -N 1 0 5 * ......
No of Cal 1st gu g 0s.. 1907 J - J
General gold 6s..........1932
120
Guaranteed gold 5s. 1938 A -O ♦102
103
103* 30 ioo iosm
Cent Wash 1st g0strctfs!938
* 75
40 Feb.’W8 ....
40
Coupons off............... 1921
40
•129
Jin II A D con s f 7s....19051 A -O
119 121 119 Sep.'98
2d gold 4 *s ...............1937,.I - J
118 120*
Gold 0s...................... 1911 A-Ot 119K
120* Aug’9M .... 115* 120*
Cin D A I 1st gu g 5s.. 1941; Jl-N H IM ■
1st cons g 5s............... 1939 3I-N ,
110 n s *
4i 111 117
1I St L A C.
C C C A St L.
Registered............... 1939 31-NI
11 4 Feb.’90
113 114* CHn S A C . See C C C A St L.

&

Q-Jt

See

&

B

See
See

■

‘U iU

r9

See

£

J-

See
See
See

See
See

See

C

See
See
See

.X

M

•J*

See

See
See

r .w

!im

O U T S ID E S E C U R IT IE S
S tree t R n llw n r * .
Bid.
Prov A Pawt’ck-lst 5s *88 3107
Rlchm KyAKlec-lst 5s’20 j .......
Rochester Ry............ .
12
Con 5s 1930....... A AC
99
gcranton Traction..... 50 t 12
6 s .............................. 1 o«H
Bo Side B1 (Chic)—Stock
69
Twin City R Tr—Com.,..
10
Preferred ..................
Un’d Tr&Elec(Prov)-SCk
70
1st 5s 1°33
••..MAS 3108
West Chicago 0 1 . ...........
94
Oou 1930 ........WAN » 95

(Givex

at foot of

Auk. II
Gnu Secu rities.
Bid.
108 ! West End—
Heston Exch
Worcester (Mass)Tr-Com
16
h im
94

See

14
101

15
N EW FORK.
107* Central Union Gas—
60
1st 5s 1927..........JAJ 3101
20
Con Gas (N Y )—Stock—N
Stk
100
Deb 5s 1908........ MAN 100
72 j
109 !
1st 6s 1899..........FA A $ibi
Con. 5s 1932........ MAS ii 11
Wntnal G h«......... .......... 3<?5

Y

HI

....

See

No price Friday; these are latest bid and asked this week, t Bonds due July,

7

Ask.

1st.

16
95

102
Excb
no
102*
116
345

t Bonis due Nov.

||Bonds due June.

G a s Securltiew.
Bid. Ask.
N. Amsterdam Gas, Com.
27* 23*
Pref...........................
7o
78
1st consol 5s............... 3100 ioom
N Y A East River Gas—
1st 5s 1944............ JAJ I K * 112
Consol 5s 1945..... JAJ 108 109
Nor Un—
1st 5s 1927...........MAN
90
95
Standard Gas—Common. 134 136
157 100
1st 5s 1930......... MAN 3110 113
BROOKLYN.
Brooklvn Un Ga*—N
Si 00 k K xeb

84*

86* 232

101
101
93*
93*
95* May’9«
101

*

;o i*

73*

90

99
90
95

105*
94
99*

97*
111
107
107

104
113*
111
107

111
108
107

111 ~
J’ne’9S
J’ly ’9S

115*
105
109*
114
102
102
100

115*
105
110*
115
Aug’98
Aug’98
102
Aug’98

113 *118 *
103* 107
104* 110*
1 04 *121 *
1 0 9 *111
98 104

101*
97
123
110*
116*

101*
Mav’9*
Aug’QS
Aug’98
Sep.’98

95* 101*
97
97*
H 9 128
105 110*
114*

O'7

102

99

100

132 Aug’98
107* 107*
100* J’ne’We*
105
105

122
101*
101
100*

132
108*
106*
109

113
113
92 Aug’98
100* 107

112
80
96

115*
92
107

151

140

151

Sep.’98

145 J’l y ’98
141 Apr.’9H
152 Sep. ’98
151* Sep.’98
117 Aug’98
110 M ar’9H
U S Sep.’98
128% Sep.’98
109 Oct.’97
118* J’ly ’96
116* 117
114* Aug’98
107 M ar’90
112 Apr.’98
114 Sep.’98
113 J’ly *98
127* Jau.’98
100* May’97
112 Aug’98
105* 105%
105* Feh.’90
120* 120*
121* 1 2 !*
142* 142*
114* 115
114% Aug'98
124* Aug’98
115 J’iy ’98
111
ill
107* J’ly ’98
119* Sep.’98
117 Mar ’90
109* Aug’98
109* M ar’9*
116 Aug’98
117* Feb.’9*
105* Aug’98
103 J’ne’98
102* 103

137*145
140 144
188 150
139* 151*
116 119%
110 110
114* 121
128 180*
118 121
111 117*
110% 117
107 110
112 118*
111 115*
111 115
127* 127*
,. 109

0 102

104%
5 120
l i 117
138
,113
112*
;n s 3
114
; 100
107*

114
107
105*
122
123
145

*

110 *
110 *

124*
115
111*
107*
111
lit *
117 119
107* I K *
1109* 109*
112 110*
117* 117*
104 107
103 108
99 103*

107* May’98

100

107*

117 Jan.*98
109 Mar’98
105 Apr.’98
130* Aug’98
105* Feb *97
110 Aug’98
134 Mar’«0
1 May’98

117
109
105
132*

117
109
105
137

113*
133
138
112
127*
128
104*

118
184
135
113
132
131*
108

102%
103*
85
09*

105*
105*
95
70*

103

109

l

A p r.’9H

l
)
r

Aug’98
Aug’98
J’ly ’98

108*
105*
94
70
83
108*
100

104*
Aug’98
94
Feb.’98
Mar’9
Aug’98
A p r'97

135
185

135
135

132 Aug’98
87*
Srt
100 J’ne’9
120* Aug’98
119 Oct.’97
103* Oct.*97
111
HI

T Bjuds due Jao.

consecutive paoes).—QAS

Y

567

120* 188
128 195
120 132*
79* 9 0 *
117* 122*

107* 111*

3 Bonds due May.

SECU RITIES, &c.

Gnu Seenrltlew.
Brooklyn Union (Cons­
ist con 5s—N
Stock Exch.
Williamsburg Gas—1st 0s 2101 * 102 *
OTHER CITIES.
Baltimore Consolif at—Se e Balt. List.
Bay State Gas—N Stock Exch.
Incomes.....................
Boston UnltedGas Bonds- -Bosto nLlsi
23*
23
Buffalo City Gas—Stock..
95*
let 5s 1947..........AAO * 95
Burlington (Ia)Gas—Stck
3And Interest. tPric** per eh
Charleston (8 C) Gas.. .25 t....

Y

Y

THE CHRONICLE.—BOND PRICES (5 pages) P*ge a.

508

JYic«
Week's *t3ti1 Mange
fro m
F riday, Range or
Scpf, 10. Last Salt. 4 1 Jaiu 1.
Bid . A sk. Low H igh. So. Low. High

BONDS.

j S '!
i t
S k i t . h ; 4(5

m . T .S T O C K E X C H A N G E
W * kk E jedixo

O U y iS U y B&ltl.t k SiU S*!! J - D
0 (Mrteto A Mall,
BIUVF.
C . A k i C w S i>4 j! 8«..1W30 F- A
C. A Cat! let 5* U:
- J * " " ! ! ‘ Vo"
0 0 St t,—Gen k *».. 1vies .1 - D; *
80
92
90
..... 100
Be^isterod.............. 1090 M- N
Bpr Col IHv letc 1 3 .1 0 1 0 M- S *"o o "
W W Val Dir 1st c Is. 1010 J - J • 80 .......
Ctc f f s U D l t i»tgls.l001|J - J
» 2 « .....
Cm I St L A C 1st (l 4s.103ftV.l-H lo i .......
Besiatered...........1036 yrH
COUsoI 6 a ..,........ ..1920 Tl-N
-J
Cln 3 A Cl con 1st g 5»,102S
Ind B1 A W 1st pf 7a.. 1900 J - J
O Ind A W 1st pf 5*... 1988
Peo A East lit con 4fa-.104U
Sale
locomo 4s........... .1990 A p r
. 23*
Cl C C A Ind Isis f ?s. ..1899 M-N
■1041
Consol 7s.................. 1914 j
Consol sinking fd 7»...1914 j - t )
General consol gold 6a. 1984 j - j
, 131%
Registered ........... .,1934 j - j
CAS U t M C C C 4 1 7a. 1901 A - 0
Cl Lor A Wb con 1st 5s. 1938 A -O
Ctev A ilarlettn.
Pa KK.
Clev & Mahon Val g 5s.. 1038 .J - J
Registered ..............1938 Qu-J
Olev A Pitts.
Penn Co.
58*
Col Midl’d— 1st£2-3-4*. 10-17 J - J
73
1st 4s...........
1047 J - J
Col A 9th A t .
Met St Ry.
Ooium A Greenv.
So Ry.
Col H V A To!—Con 5s. 1931 M -S
79
J P M i C o eng cfs $85 pd.
59
General gold 6s......... 1904 J - D
General lien gold 4s... 1996 J - J
Registered ..............1996 J - J
Co’. & Cin Md.
B 4 O.
Col Conn 4 Term.
N&W
Conn 4 Pas Rlvs 1st g 4s.’43 A -O
ak 4 Gt So.
CM 4 StP.
alias 4 Waco, SseM K4T.
Cel Lack & Western 7s,. 1907 M -B 117
g Bing A N Y 1st 7s, 1000 A -O 124
M >rrls 4 Essex 1st 7s. 1914 M -N
7a........................... 1900 J - J 105
7s..................1871-1901 A -O 107
1st con guar 7s....... 1915 J - D *137
Registered ...........1915 J - D 187
N Y Lack 4 W 1st 8s..1921 .1 - J
Construction 5b......1028 F - A
Warren 2d 7s............. 1900 A - O
4 Hud 1st Pa D ir 7s. 1917 M -B
Regtst %red.............. 1917 M -S 144 .......
A b iS
1st con gu 7sl906 A - O * 1 2 2 * .......
Registered.............. 1906 A - O
Gold 6s.......... ......1906 A - O ♦117 .......
Registered......,...1906 A - O 114 .......
Bens 4 S&r 1st 7s...... 1921 31-N ♦143 ......
Registered ..............1921 M -N *140 .......
Del Rlv RR Bge.
Pa RR.
Den Con Tr Co 1 stg 5s.. 1033 A -O
Den Tram Co con g 6s.l910 J - J
Met Ry Co 1st gu g 6s. 1911
Den 4 R G rist gold 7s., 1900 M -N 110 111
1st con g 4 s ............. 1936 J -J
97J4 Sale
04
05
Improvement gold 5s. 1028 J -D
Das M 4 Ft D,
C R 4 1 P.
Dei M 4 Minn.
Ch & N W.
Des M Un Ry 1st g 5b. .. 1917 M -N 102 104
Del M4Tol.
L S A M So.
85
Det 4 Mack 1st lien g 4a. 1995 J - D
55
Gold 4a..................... 1995 J - D
Dul 4 Iron Range 1st5s. 1937 A -O
Registered............... 1037 A -O
2d lien mortgage 6s... 1916 J -J
Dal Red W 4 S lBt 5b.1928 J - J
Dul So Shore & A t g 5s. 1937 J -J 112* .
ast of Minn, SesStPMAM.
ast T Va & Ga. Sw.SoRy.
■Hi Lex A B S .
C 4 O.
Rim Cort 4 No. See Leh ANY.
■rie 1st ext g 4s............1947 31-N 113 115*
2d ext gold 5b........... 1919 M -g 118
110 ......
w3du ext
041 m
gold 4 *8 .........
. . . . . . . 1923
. vu .31-8
.■ "
4th ext gold 5b. . . ......1920; A -O 1 0 7 * ......
------ J - D
108 ......
6th ext gold 4 s ........ 1928
l i t consol gold
......1920 M -S 141% Sale
1st consol gold fd 7a.. 1920 M- 8
JLong Dock con gold 08.1935 A -O
340
BoXf N Y 4 Brie 1st 7b. 1916 ,1 -D
Ball 4 S W gold 6 ».... 1908 J - J
Small ................. ......... . .3 - J
JefT RR 1st gu gold 5a. 1900 A-O 103
Chic 4 Elde 1st g 5a... 1982 31-N 110* .
Coal & RR 1st c gu 6a.l922 31-N 100
Dock 4 linp 1st curds. 1913 J - J 115
N T S Green LgugDs. 1948 31-N *100
8m all,........ ..................... ....
Brie 1st con g 4b pr bda.lOOO J - J 9 2 * gale
Registered.............. 1000 J - J
litoon gen lien g 4b— 1990.1 - J
72 gale
Registered...............1996 .1 - J
N Y S A W —lat ref 5s. 1087 J - J
2d gold 4* b.................... 1937!F -A
General g 5s... . .. . . . 1040 F -A
Terminal 1st g 5s.... 1043; 31-N ,
Regis $5,000 each.1043 31-N,
WilkAEaslSt gu g 5sl042 .1 -D •
Mid HRofNJ 1stg 6b1010 A -O * 119
Dacan 4 L Sup.
C A N W.
60
Dureka Spriugs lnt g 6s. 1938 F - A
Hr 4 T H 1st cod 6a......1921,3 - J 114
1st general gol d 5b. ... 1942; A - O 100 Bale
Mt Vernon lat 0 a ......1923 ,\-0
90
Bull Co Br’ch 1it « 5®.. 1930;A - O 75
Rv&Ind lat con gti g Os,. 1920 J - J
94 Sale
Fargo 4 8t>.
Ch M A St P. I

ike

C A.
x

T-o
-n

See

See

See
g

See

See

"ad” * 88*
80
90*
98% 101

-

78*
79
22 Sep.’OS
104 Aug'08
i3 5 *

10 "

r i y 'm

127* May’98
107* OcL’97
103 May’98
121

Sep.'98

70 80
14 22
102 1 0 5 *
131*137

|127* 127*
100
!m

59

121

73

70
75
79
81

103

ncL’97

S ep.’98

Feb.’98

70*
54

82*
61

iS

See

j -a

See
See
See

g

122
t26
140
107
107
139

Apr, *98
J’ly ’98

136*
118*
108
146
143
135

JTy’9S
Nov’9?
Aug’98
140
May’97
Aug’08

A u g ’08

Sep.‘98
Aug’9S
J’ne’98

115 J’ne’98
117 Feb.’OS
14S% Aug’97
141 May’98

111* Aug’98
00*
97*
94*
94*
99* J’ne’98

105

Sep.’98

9 2 * Feb.’98
112* Sep.’tlS

122 128
125* 126
137*144
107 107
107 113*
136 142*
136*138%
108
143

108
146

120 *125 *
110
117

11S*
117

108 111*
87* 08*
85* 95
97

104

100

110*

9 2 * 92*
101 112*

See.

7a

)

See

113 J’ly ’98
119* Aug’98
112* Sep.’98
117 j ’ue’98
104* J’ne'98
141* 141%
140 May’08
138 Aug'98
133 J’ne’08
106
110

Feb.’98
111

107

107

"9 1 *

92*

V*i *

*7 2 *

108

108

0 2 * Aug’98
89
SW
1 0 0 * J ’ ly ‘ 98

99*

99*

120* Aug’98

112 116
116*119*
108 118
118 118
104*105
138 147*
-140 143
133*189
138 138
100
20 108
107
84*

04

107
94*
76

99 108*
8 4 * 02*
83
98
109*111*
0 3 *1 0 1 *
114*121

05 Nnv‘97
114 J’ly ’98
112
80;* 100 257 82

See

106
113*

77*

118
100
94

Bid.
Gnu S e en rille a.
CbartierB Valley Gas..
Chicago Consumers 1st 5b
Chicago Gas
Y 8to ck Ex
Cicero Gas Co 1st0b. . . , , .
Cincinnati Gas Coke... 204
85
v;lty Gas (Norfolk V a )....
lit 6s........... ............. 103
Columbus (O) Gas—Stock 85
1st 5s 1932.......... J&J n o n *
Coniohdat Gas (Balt)
Balt L
Consol Id Gas (N J )—8tck
18
79
1st 5s 1936.......... JAJ
Consol. Gas P it t s .........
30

—SeeX
&

See

Ask,
104
on.
200
38
87
102
1st.
20
88

(G

iv e n

a t

foot

linn Syn u r l t l f ^ _
Bid.
Con. Gas Pitts. Prof..
60
Bunds 5s.................
Cousurn Gaa (J CIty)--Stk
70
1st 0s............. ....M&N 102
Detroit Gas—
N Y Su>cV List..
Consol 5b 1918
N. Y. Ex.
Income 5s ..........
Denver Consolidated G »s
Fort. Wajrne (Ind)—Sto /k 70
1st 6b 1925............J«J
80
Grand Rapids—Stock
82
1st 5s 1915.......... F&A 4100
Hartford <Ct) Gas L . . .25 t 42

—Sec

of

Sre

G

See

See
See
J. Set B &
See
See
g

See
See
See

KK

See
See
See
See-

See

L

U ’

See
See
See

See

h)

a

7

Ask.
.......
100%
81
104
List.
04
74
88
84
102
45

Price
F riday,
Sc j>t. lt>
Bid, A sk.
94
95 95*
103 .........

See

f-T»

’ No price Friday; these are latest bid and a-ikod thb week, t Bunds due August* $ Bonds duo April.

O U T S ID E S E C U R I T I E S

RP

f?Unt A Pero M g 6s....1920 A -O
x 1st oonsol gold 5s___1989 U -N
Ft Huron Div 1st g 5s. 1939 A -O
Flu Cen A Pen lat g 5s-.1916 J - J
lat land gr ext gold 5a. 1930 J -J 100
Consol gold 5s........... 1942 J -J
05
Ft S & V ii Bge.
StLASF.
Fort St U D Co 1at g 4*a 1941 J -J 107 .......
: Ft W A I) C—lat g 4-09.1921 J -D
75 Sale
Ft W A RloGr 1st g3~4s.l92S I - J ....... 62
Fulton Kiev.
Kings Co El.
ial Ilur A S A .
S P Co.
*al UAH of *82 l»t 5-.1913 A -O
7 * Sale
Ga A Ala Ry 1st pf g 5s. 1945 A -O 104
Ga Car A No 1st gu g oa.1920 r - J
88
Georgia Paclflo.
So Ry.
Graud Rfip A lad.
Pa Co.
an A St
C
Q
ousntotnc1.
NYNLIAH.
Houst B & W T 1st g 5a.l«33
M-N
9 5 * Sale
Hous A Tex Cen.
So P Co.
f ttluots Cent 1st -Js,. .1951 J - J H O * .......
x Registered............ 1951 J - J TOO* .......
1st gold 8 * s ...............1951 J - J
Registered.............. 1951 J - J
1st gold 3s sterling,,.. J951 M -S
Registered.............. 1951 M -6
Coll Trust gold 4s...,. 1052 A -O 100 ......
Registered.............,1952 A -O
L N O A Tex gold 4s.. 1053 M-N l O i * Sale
Registered.............. 1958 M-N
Coll tr 2-10 gold 4s.... 1904 I - .1
Registered.............. 1904 J - .1
Western Line 1st g 4s. 1951 F -A 102 105
Registered....... ...1951 F -A
Louisville Dtv g 3*a .1953 J - J ‘ 9354 Sale
Registered........ ...1953 -J - J
St Louts Dlv g 3s......1051 J - J ”7 8 " *80*
Registered....... .,,,1951
Gold 3 * s ...........,...1951 J - J
98*
Registered ,....,..1051 J - J
Cairo Bridge gold 4s. .1050 )- I >
Registered........ ...1050 J -D
Middle Div reg 5s......1921 F -A
Spring Div 1st g 3 *s. 1951 J - .1
Registered............1951 J - J
Chic St L & N O g 5s. ,1951 .J - JL) 123 .....
Registered............1951 J -D 123 124
Gold S * s ...............1951 J - D
Registered ........ 1951 J -D
Mem Div 1st g 4s.., .1951 J -D
Registered......... 1051 J - D
Bellev A Car 1st 6s.... 1928 J - D 118
90
St L Sou 1st gu g 4s.. .1981 M -S
Carb A S ls tg 4s........1932 31- 8
Ind B1 A W . Se« C C C A St L.
Ind Dec A W 1st g 5s....1935 J - J ♦102 105
Ind 111 A la 1st gold 4s.. 1939 J - D
96
1st ext gold 5s.......... .1943 M -S 102 106
Int A Gt No 1st gold 08.1919 M -N 121 122
2d gold 5s............. ,..,1909 M -S . 87
3d gold 4s.................. 1921 M -S
55
60
Iowa Central 1st gold 5s,19S8 J - D
104
Iowa Midland.
Ch A N W.
Jefferson RR.
Erie.
a lA A G R .
L S & M 8.
an A Mich. See Tol A O C.
C A MRAB Istgug5a.l929 A -O
96 .....
K C P A G 1st A col g 58.1023 A -O
78 Sale
Kan C A Pac.
M EAT.
Kansas Mid,
St L & 8 F
Kentucky Cent.
L A N.
Kook A Des M.
C R 1 A P.
Kings Co El aer A 1st g 5s ’25 .1 - J
59
Ful El 1st gu g 5a ser A . ’29 M -S
45
Knoxville A Ohio.
So Ry.
ake Erie A W 1st g 5s.1937 J - J T15 116*
2d gold 5s............. 1941 J - J 104 Sale
North Ohio 1st gu 5s. .1940 A -O ..... 103*
Lake Shore A Mich South—
Det Mon A Tol 1st 7s. 1908 F -A
Lake Shore dlvld 7a... 1§99 A -O ■103
Consol 1st 7 s ........ 1900 J - J 107
Registered .... . . .. 1900
107
117
Consol 2d 7s.........1903
Registered............ 1008 J - D 117
Gold 3 * s ................1997 J - D
, 106
Registered....... .. .1997 J -D
CinASp l8tguLSAMS?8 01 A -O
K A A G R 1st gucSs.1988 J- J
Mahon Coal RR lst5si.’34 J - J
Leh Val (Pa) coll g 5b ,1907 M-N
Registered ............ ...1907 M-N
Leh V N Y 1st.gu g 4*8. .1940 J - J 101 ...
Registered ................ 1940 I - J .......101%
Leh V Ter Ry I st gu g 5s 1041 A -O TOO* ......
Registered................1941 A -O
L V Coal Co 1st gu g 5s.. 1938 J - .1
Registered........
,1933 J - J
Leh A N Y 1st gu g 4s. ..1945 M -S
00
Registered..... . . .. . . . .1945 M -S
El C A N 1st g 1st pf 0b. 1914 A -O
Gold guar 5s.......
1914 A -O
Leh A WllKosb.
Cent NJ
Leroy A Cuuey Val.
Mo P.
Lex Av A PF.
Met St Ry.
Litch Car & W 1st g 6b. . 1016
Little KAMem lstg 5s 1987 )
Trust Co cortf« ..............j
....... 25
Long Dock.
Erie.
L our Island—
02*
lat con g 5a...............1931 Q -Jl
1st con g 4 s .............. 1931
General gold 4s....... 1988
♦ 80
90
Ferry 1at gold 4*a.,..1922 M -S
90 Sale
Gold 4s.................... 1932 J - D ♦ 90 .....
Debenture gold 5»..... 1981 J - D ♦ 85
90
N Y A R B lstg
1027 M -S
2d income..... ........ 1027
N Y B A M B coo 5a..198

H

See

TT

E

"6 0 * * 7 3 *
82
82
88
00%
00* 100
90
93

l ' u " Oct.V97
107* Feb '01

See

s

D

...................
70 Aug’98
82 J’ne’9^
90 Aug’98 ....
99% Sep. ’0*
0C Mar *98
....
87 Aug’08
90 Aug’98
09* May’98

BONDS.
N .Y , STOCK E X C H A N G E
W eek : E n d in g Sk i t . 10.

c o n s e c u t iv e

6

Week'a
Rangt
R ange or | |
from
Last Sate.
J a n . 1.
Low. High. So . Low. H igh
117 Aug* 08
ilO 117*
85 95
95 Aug'98
95* Aug’08
S3 05%
*• U.
105
74
62

Mnr’98
75*
Sop.’Ob

...1)105 305
56 65
70*
5 4 * 64

97*
97*
103 Aug’97
02 J Ty '98

04

96*

88*

97*

02

02

88

95*

109* Aug'98
100* J’ly ’98
105 M ar‘9*
102* Apr.’OS

109*115

104 Sep.’OS
103 Apr.'S''
101* 101*
101 Mar'9/?
99 Sop.’O

j 100 104
1103 103
9 7 * 103*

103* Aug’98

108* 109*
105
101

). —

G.liS'

105
102*

101 101
101

105

92% 94*

93%

*oi

VO*

*70*

79* "g o "

94% Sep.*’08

*92% "9 4 *

123*
123

123*
123

103* Jan.’SS

U 5 * 13S*
123

123

103 *108 *

"9 0 " Nov’9
103* 103*
86 Jan.’98

97
80

121
121
87
87
5 8 * Aug’98
103* 104

116
78
44
97

128*
92
80
105

78*

65

81*

57
J’ly ’08

40
35

59
49

110* 116*
104
104
101 Aug’98

115
95
100

117*
104%
102

121 Apr.’fiS
104* Aug’9S
107 Sep.’98
106* Sep.’wS
117 Aug’98
115% J‘ne’9S
105% 106*
106% Aug’98
108* Dee’07

104% 106*
105* 110
105* 100%
LI 5% 120*
115% 119%
102 106*
103 105%

77*

57
40

i‘2 5 " Dec’fiV
104 Aug’98
101

Sep.’GS

104
88

121 121

104
90

104
104%

111 Aug’98
109* J‘ly ’0 '
0 2 * M ar’98

107‘ 112*

01 Aug’98

V i" "02*'

92*

92*

101

Sep.’O?

29

Sep.’98

29

20

119* JTie’98

117

120

88
90

90
90

100

May’07

85H
86fc

107* Dec’07

|] Bonds duo January, § Bonds duo July.

pa g e s

Bill. Ask. i
In d ia n a N aiA ill v ia -s t-fc 52 00
71
75
1to. 6® 1068
MAN
IndianapoM s G as—S tock. 115
1 st 6s 1 920 ..............MAN 105* 106H
Je rse y City G as L ig h t.... 190
L aclede G as—N Y Stock Kxch.
L a fa y e tte (In d ) G as-T R k 75 78
90
1st b 1924 ........ MAN
80
55
Loganspt & Wab Val—3tk 53
74
1st 6s 1925 .......... J&D 70
90
LouiBvIllo Gaa Light......
61
Madison (W li) Gas—Stck 60
1st 6a 19'»fr..........AAO 1 08 101
43ii“ ••ppii HtlrM

P ol. L S V U t

SECURITIES, &c

<Jn« S»»cn rltl*1
Memphis Gaa ............
M-mj Qns eg Iftto__ MAS
Now OrleanH Gas Liaht.,
Ohio A Indiana—Stock...
lBt 6s 1926 .......... JAD
Peoples Gas A Coke—N Y
Philadelphia Co......... 50
Portland (Me) Gaa L...50
St Joseph (M o ).............
5s 1937................. j j t j
8t Paul Gas—Stock....... .
Conaol 5s 1944 ... .MAS , *...
3And interest. tPrlce per sh

90
90

THE CHRONICLE.—BOND PRICES (5 pages) Page 3,

S ept . 17, 1898.]

Week's
Price
Range
F rid a y , R ange or - 2
from,
Jan. 1.
Sept. l b . L ast Sale.
B id. A sk. Low. High,. No. Low.High.

S'e
BONDS
2
N .Y . 8 TOCK E X C H A N G E S t
W e e k E n d in g S e p t . 16.

BONDS.
N .Y . STOCK E X C H A N G E ^ £
W e e k E x d i s g Se p t . 16.

See
See
See

569

Price
Week's
R ange
F rid a y , R ange or
fr o m
Sept. 16. L a st Sale. §3 Ja n . 1.
Bid. A sk Low. H igh. No. Low. High*

Montauk Ext.
Long Is.
Long Island (Con.)
Morgan’s La A T.
S P Co.
Bklyn A Mon 1st g 6 s. 1911 >1- s
Morris A Essex.
Del LAW
1st 5s..................... 1911 31-8
130 Sep.’98
ash Chat A St L 1st 7s.’13 j - J 130
Nor 3hb 1st con ggu 5s..’32
105$* Nov’97
2d 0s...................1901 J - J
N Y Bay Ex R lstgug5s*43
, 1034 102% 1034
1st con gold 5s..........1928 A - O
Mont&uk Ex gu g 5s. ..1945,J -J
I 1st 0s T & P b ........... 1917 J - J
La & Mo Riv.
Chi A Alt.
1st 0s McM MW&A1.1917 J _ j
L E A St L Con eng 5s.l939. ) ;
40 Aug’9S
1st gold 0s Jasper Bch. 1923 J _ j
Tr Co certs.................... ) •* •••
9}* Aug’9
Nash Flor A Shef. See L A N
General gold 4s......... 1943 31- S
106 Nov’9
New H A D .
N YNHAH
Lou A Nash—Cecel Br7sl9U7 Jl-o •1 0 2 }* .
1225* Aug’98 ... 1 2 0 4 1 2 4 4 N J June RR.
N Y Cent.
N O A M 1st g 08.......1830 J - J “120 .
108 Aug’98 ...1 0 6 108
N J Southern.
Cent N J.
2d gold 6 s...............1930 J - J 100 .
115 Aug’98 .••1 1 3 117
New A Cin Bdge.
Penn Co
E H A Nash lstg 6s...1919 J - D 114
11S4 o 1 1 0 4 1 2 0 4 N O A N E prior lien g 6 s. 1915 A-O*
General gold 6 s......... 1930 J - D ......... 119)*118}*
N Y B A Man Bch.
L I.
Pensacola dir gold 08.1920 M - ^ +108 ....... 103}* Sep.’9_
1.
8 t L d lv lstg 08 ........ 1921 31-b ................ ,121 J’l y ’9' ... I . ! ! ! ! ! !!!!!! N Y Bay Exten RR.
55 ....... ...................
IN Y Cent A Hud R—
2d gold 3s.............. 1980,31-8
104 ....... 105 J’l y ’OS
105 105
1st 7s........................ 1903 J - J 116 ...
1164 Sep/98
Nash A Dec 1st ..... 1900 J - J
115a* Aug’98
Registered............. 1903 ^j - j 110 ...
Sinkfd ( 8 A A ) g 6 s.... 1910'A -O 105 ....... |...............
1084 1084
94 101
Debenture 5s of. 1884-1904 'y . 5 * 108 ...
S A N Aeon g u g 5 s ....1936
A ................ 1001* Aug’98
110?* J’ly ’98
10041044
Gold 5s.................... 1937 3I-N 102 .......10 1}* Aug’98
Registered ....1884-1904!m - S 108 ...
89}* Sale i 88$* 3 94 50 j 83 914 Reg deb 5s o f.. .1889-1904 M -S 108 ... 1094 Sep.’97
Unified g 4s.............. 1940 J - J
105 Aug’98
Debenture g4s.. 1890-1905 J - D 108$* ...
Registered............. 1940 jJ - J
108$* ...
104$* Feb.’98
6 904 109
106
Registered......1890-1905 j - n
PenB A Atl 1 st gug 08.1921 F- A ....... 1 0 0 j106
Sep/98 .... 1 0 1 4 1085*
Debt certs extg 4s.... 1905 M -N 1044 ...
1044 J’ly ’9S
Coil trust g 5s........... 1931.
> 1 0 2 4 .......104
104$g J’ne’98
Registered.............. 1905 M -N 1044 ...
LANA MAM lstg 4*3.1945 M- fe 107 109 109}* J’ly ’98 *••*J,108 1094
93
97J* 97 Sep. *98 -••• ; 874 98
G 3 4 s.......................1997 J - J tne$* 1 0 7 4 1074 1074
N F la A S lstgug5s ..1937 F- A
1044 J’ly ’98
......I 91 Sep.’9S ---- I 85
92
Registered............ 1997 J - J 1 0 0 4 ....
Kentucky Cent g 4s... 1987 J - J 1 9 L
110
103 Jan.’98 .... 103 103
9 3 4 95 944 954
Lake Shore col g 34s 1998
L Cin A Lex g 4 4 s.. ..1931 jM-N
90
94 Aug’98
Registered............. 1998 F - A
L A Jeff Bge Co gu g 4s. 1945 31-8 85
03
934 93
94
Mich Cent coll g 34s. .1998
L N A A C.
C 1 A L.
T .
... 103 109
Registered............. 1998
Louis Ry Co 1st con g 5s. 1930 J - J 1 1 0 4 ....... 109 Mar’98
1074 J’ne’98
Harlem 1st 7s............1900 M-N 107
ahon Coal.
L 8 A M S.
2 : 90
984
1074 Aug’98
93$*
93$*
Registered..............1900 M -N 107
anhattan Ry
con
O/
■^-ttuuaiiau
wj w
u 4s. 1990 A - 'f
o
103 May’9~
N J June R gu 1st 4s .1986
Metropol K1 1st g 0s.. .1908 *1- J. I ....... 117 117 Sep. *98 ... 11441194
8 101 105
2d0s.......................1899 M -N: 1034
1034 103$*
Registered..............1986
109$*
West Shore 1st 4s gu.2361 J -J 109$* Sale 109
Man 3 W Coloniz g 5s... 1934 J - D
Registered..............2361 J - J 1094 Saie 108$* 1 0 » 4
Marfeet St C Ry 1st g 0s. 1913 J - J
1084 Nov’97
Beech Crk 1st gu g 4s. 1930 J - J
McK’p tA B V .
P McKAY. |
100 J’ne’98
Registered.............. 1930 J - J
Metropolitan El.
Man Ry. ’
1134 33 10841164
Met St Ry gen c tr g 58.. 1997 F -A 1134 Sale 113
2d gu gold 5s..........1936 J - J
Sep.’98 •••• 1144 1224
-------1 2 1 4 120
Registered.............. 1930 J - J
BwayA7thAvlstcg5s.l943 J - D 120}*
Registered.............1943 J - D .
Clearfield Bltum Coal Corp
!.......
ColA9thAvlstgug5s.l993 M -S 1214 Sale 1204 1214 29 110 1234
95 J’ly ’98
ls ts f intgu g 4s ser A . ’40 J - J
Registered..............................1 993 M - S ......
Small bonds series B. .’40 J -J
201117" 1234
Gouv AOswe lstgug5s.’42 J - D
Lex A t A P F lstgu g 5 s/9 3 ,M- S 120 Sale 1194 120
R W AOgcon lstext5s.’22 A-Oi 124$*.
Registered....................M- $
1254 1x154
03 Apr.’98
03
064
Nor A Mont 1st gn g 5s.’10 A - O
Mex Cent con gold Is... 1911 J - J
R W A O T R lstgu g 5s. 18 M -N
1st con Income g 3s... 1939; J'lyt
Oswe A R 2d gu g 5s.. 1915 F-AI
8 d con income g 3s.... 1939, J’lyt
107 Aug’98
Utica A Blk Riv gu g 4s.’22 J - J
Equip A coll g 5s....... 1917 A - O
764*
76
Moh A Mai 1st gu g 4s. 1991 M- 8
704 784
Mex Internet 1st con g 4a/77|M- S 70$* Sale
Cart A Ad lstgu g 4s. 1981 J - D
Mex Nat 1st gold 6 s..... 1927 J - D
N Y A Put lstcongug4s.’93 A -O
2d Inc 09 ACp stmpd. 1917 M-S*
J’ly *07
N Y A North lstg 5b.. 1927 A -O
. 127 123 J’ne’0*
2d Income gold 6 s B. .1917 An.t
Feb ’07
N Y Chic A St L 1st g 4s. 1937 A -O
Mex North 1st goid 0s.. 1910 J - I) 100
Sale 105$* 107
104 Apr/9V
Registered.................1037 A -O
Registered...............1910 J - D
.1154 112
112
110 1 1 5 4 N Y AGreenwLake.
Erie
Mich Cent—1st con 7s.. 1902; M -N
1024 107
1st con 5s..................1902 M -N 105 107 1054 107
N Y A Har.
N Y C A Hud.
0s............................. 1909 M- 5>
12 2 123 N Y Lack A W . S w D L JcW
......... 122 " Feb.’98
5s.............................10311M- 8
......... ........
...........
N Y L E A W.
Erie.
I 121 127
1214
J’ne’08
Registered............ 1931 Q-M *12 54........ 1254Jan.*98
1254 1254 N Y A Man Bch.
Long Is.
4s............................. 1940 J - Jl .................. 106 Feb.'98
lOfl 100
N Y A N E.
N Y N H A IJ
108 Jan/98|
Registered............. 1940 J -J| .......
108 108
1044 Oct/9
N Y N H A Hart lstreg 4s.'03 J - D
160
1 0 0 V*
Bat C A Stur 1st gu g 3s ’89 J - D
Convert deb certs $1,000 .. A - O
155 Sep.’98
Mid of N J.
N Y Sus A W
Small certfs $100..........j.. ..
. .
Mil EIRyALSO-yr g 5s. 1920 F - A
Housatontc R con g 5s. 1987 iM- N
1204 Aug’98
M L 8 A W.
Chic A N W
N U A Derby con5s... 1918 M -N
1 2 6 4 Sep/08
MU A Mad.
Chic A N W
N Y A N E 1st 7s....... 1905 J - J 120 .
114 Aug’98
MU A North.
Uh M A St P
1st 08.................... 1905 J _ J
1144 .
MU A St P.
Cb M A St P
N Y A North.
N Y C 4 H .|
1074
Min A St L gu.
BC RA N
N Y O A W con 1st g 5s. 1939 J - l> 1074 Sale 107
Minn A St L —1st g 7s ..1927 J - D 14C 150 143 J’ly
Refunding lstg 4s....1092;M-S) 101$* Sale
08$* 1 0 :$*
108
1st cons gold 5a........ 1934 M- N 103 Sale 106
53 1 0 0 4 1084
Regis $5,000 only... 1992 M-Sl
Iowa ex 1st gold 7*... 1900 J - D
127 Nov’0'
N Y A Put.
N Y C t ll.
South West ex 1st g 7s.'10 J - I)
N Y A R B.
Lon* Isl.
, 130 1 2 1 4 Aug'9;
Pacific ex 1st gold 0s .1921 A - O
N Y S A W.
Erie.
M A P 1st 5s st 4s Int gu..’30 J - J
,N Y Tex A M.
So Pac Co.
M BSMAA 1st g 4s Int gu/20 J - J
North Illinois. See Chi A NW.
MStPASSMcong 4s lntgu’38 J - J
North Ohio.
L Erie A W.
Minn St Ky 1st con g 5s. 1919 J - J
Northern PacificGen 1st RR A LG sf g0s.’21
Minn Un.
St P M A M.
113
1 1 2 $* 114 113
Mo Kan A Tex—lstg 4s. 1990 J - I) 884 Bale
Registered............. 1921 j - j
1124
1124 Sale 1 1 2 4
874
8 8 I 0(1 82$* 924
2d gold 4s.................1990 F-A|
0 2 4 Sale 0 1 4 04-4; 149 57 074 St P A N P gen *0 s ... 1923 F -A 1 2 * 4 ...... 130 Aug’98
70 ....... 89 Aug'98 ....
1st exten gold 5s....... 1944 M-N
Registered ctfs....... 1928 n_
♦125 ...... 127 J’l y ’98
834 88
........................
iucr?IX_j
M K A T of T lstgug5s.'42 M- S 80
954 834
80
Prior
lien r A Ig g 4s..
199
99
1 0 1 4 Bale 100}* 1014
*44!
K C A Pac 1st g Is----1990 F- A ...... 744 73
Registered............. 1997
73
10 71
70
1 0 0 4 Sale 09* 10 4
Dal A Wa lstgu g 5s. 19401M-N
83 Sale
General lien g 3s..... 2047
83
33 1
1 75
68 Sale 004 68
844
Boonev BdgCogu g 7s. .‘O0 M-N
......................
Registered ............ 2047
Tebo A Neosho 1st 7s. 10031J - I>
112
...................... !Nor Pac Ter Co 1st g 08.1933
+1124 115 112
Mo K A E lstgu g 5s... 1942 A -O ....... 1024,1014
2 9 3 4 102
Nor Ry Cai.
Cent Pac.
102
Mo Pac—1st con g 6 s . . .1920 M- N LC44 8 aIe 104
105
99 99 1074 Nor Wis.
C St P M A O.
8 d 7s........................1906 M -N 1 ....... 112 1 1 > 4 1114; 2 1 0 3 4 1 1 2 INor A South 1st* 5s.... 1941 j;«-N 102
102 J’ne’98
Trust g 5s................ 1917 M-St ....... 83
80
80
5 054 874! Nor A West gen g 0s.... 1931 M-N 123
123
123
Registered............ 1917 M-St
124 Sep/98
..... ....... I ...
...........—
New River 1st g 0s.... 19821 A-C) 124
1st coll gold 5s......... 192o| F- A
83
784 Sep/98 ....
00
80
Imprvmt A ext g 0s... 193 J “
1174 Aug’98
C C A T 1st gu g 5s.... 1922 J _ j
Registered............ 1920 F -A ................. ..................j ......I.................
101 Feb’97
Pac R of Mo lste xg 4 s.’3H F - A 1 ....... 1 0 5 4 1103 $* Aug’98! .... 100 106
?clo VAN K Istgug4s.l089 M-N
90
90
90 ......
2d extended gold 5s. 1938 J - J.1
1 0 0 4 J’ly ’o r
..............
~
* --------86
N A
W Ry lstcong 4s. 1990! A - O
85
1054109
854 Sale
; Verd V l A W 1st g 5s..’20 M - 8
................
Registered............ 1996 A- O
Leroy A G V a L 1st g 5s ’2a J - J
.... ...... |
Small.................... 1996! A - O
■stL A l Mt 1st extg 4 4 *1/47 F-A4 ..................107 Aug’981 .
1H7 1 1 0 4 Nor A Mont.
N. Y.Cent. 1
2d ext g 6 s.............1947LM-N 107 ....... IIO7 4 J’ly ’OKl .
1 0 2 4 1074 !f\ g A LCh 1st con 0s..1920 A - O
Ark Branch ext g 5s. 1935 J - D ....... 108 1054 J’ly *08! .
102 108
Income.................192n A - O
Gen con ry A Id grt g 5s ’31 jA - O 0M4 Sale | 97$*
i 86 1 0 0 4 | Income small.................. A -O
984
Geu con stamp gtdg 5s’311A - O ................. 100 Aug’981 .
100
! 86
0 Ind A W. See C C C A St L.
Mips Riv Bdge. See Chic A Alt
Ohio A Miss.
BAO HW.
MobABlrm prior lieu g 5s/45 J - J
Ohio River RR 1st g 5s.. 1936 J - D
1 0 2 Jan.’9c
Small............................J - J
General gold 5s......... 1937 A - O
Income gold 4s......... 1045 J - J
Ohio Southern 1st g 6 s.. 1921 J - D
84 Sep/98
83
Small............................ ........
General gold 4s.........1921 M-N
fl Sep.’OS
24.
Mob
Ohio newgoia
new gold os..
6s..’27;1jJ - D 121 .......1122 Aug’98
0 0 aA unto
84 Sep.’98
Eng Tr Co certfs..........
1184 123
84
1st extension gold 0s. 1927'Q-Jt;*..... 1194 119 Dec'W?
Om A St L 1st g 4s.......1001 J - J *704 •
80 Aug’98
General gold 4s.........1938jM- H 76% ........I 764
76W
81
Ore A Cal.
So Pac Co.
Montgom Dlv 1st g 5s. 1947'F-A| 1 0 2 4 Sale 102
IO 2 4
974 1024 OreRyANav ls ts f g 0s. 1909 J - J 1 1 4 4 ...... 1144 Sep/98
......
9t L A Cairo*u g 4s ..1931 J - J ,* 82 .......
..... ..... Ore RR A Nav con g 4s.. 1946 J - [j 0 0 4 Sale
904
094
Mohawk A Mai.
N YC A III
I
120
Ore Short Line 1st g 0s. 19221 F -A ►120 127 126
Monooguhela Riv. See B A G
121 J’ne’98
1 Utah A Nor 1st 7s......1908 J - J
Mont Cent.
St P M A M.l
I
May’97
__________ II
Gold 5s............ .....192*'jJ - J

See

N

r °

See
See
See
See

M

1

See

984 9

102 105
104$* 104$*
1004 1054
104 105
105$* 107}*
1044 104H
94
964
04
95
914 05
1074 109$*
1074 1094

102 $* n o w
1 0 1 4 110
10 0 1 0 0

See
See

See

See
See
See
See
See
See

95

%

yj

120
1074
104

104

145 1005*
145 158$*
1264 1204

110

1204

100
90

109
1024

112

1194
110
130
127
1019 *
1014
69

104

114

102
120
118
117

105
1254
124
110$*

1134 114

112
124
1244
218 904
40 03
719 57

See

82* * ’ oi}*
74$* 874

See

See

....

8

S*
75

See

See
See

• No price Friday; these are latest bid and asked this week, t Bonis due Jan. ♦ Bonds due J uly.
at

foot

(* a a M ^ c n r ltle * ,

Bid. Ask. 11 T e le * . A T H p p h .
S y ra c u se G as—S to c k ......... 10
17H Erie Teieg a Teiepinjue..
1st
1946........... JAJ
87
88
Franklin.......................
vVostern Gas (MUw) .....
88
90 |Goid A Stock.................
5s
N Y Stock Exch
Bonds.........................
T e le *. A Toleph.
Hudson River Telephone
American Dist Tele—NY Stock Exch Intenintlou Ocean..
American Tel A Cab—NY Stock Exch Mexican Telegraph.
Central A Sooth Amer..
100 110 1 Mexican Telephone....10
Ches A Poto Teieph—Stk 47
55 >| New Eng Telep—Sse
Bond 5s.......
103M ....... Northwentem Telegraph.
Commem al Cable.,
170 ....... N Y A N J Telephone...
Commer Union Tel (NY). ! n o
5s 1920............... MAN
113
Knrmlrt. * W
Tf»l 1 72 78 .1 P n o iflr A tla n r ir .

5a
-See

Boat

of

Bid. A -k.

7

c o n s e c u t iv e

||Bonds due June,
pa g e s

).—

i

Bonds due May.

102
86/
15
14*
82

111

110

121

138

50 89
4 113

121

1 Bonds due N ot .

TEL. & ELECTRIC, die.
E lectric CoinpuiilcB

T e le *. Ac
Bid. Ask. |
HJaat End Electric Light..
Southern A Atlantic.......
00
85
44 1 West’n Union Teieg—N Y Stock Exch j Electro-Pneumatic.........
40
Fort-Wayne Elec. C o..25
110
Series A .....................
90
E lectric CompnnleN.
General Electric Co—N Y
70
77
Allegheny Co J_.ight Co..
130 140
Do pref
Boston L
Brush Electric Co.........
109 112
50
40
Hartford (Ct) Elec Jjt Co.
Br’dgprt, (Ct) El Lt Co.25 t
105 205
35
Uartf’d(Ci) LtAPowCo25
05c. Consol Electric 8 torage..
20
18
Mo Edison Electric.......
Eddy Electric Mfg Co..25 1-....... 15
cn list
Do preferred...............
112
Edison Ml 111 Co N Y—N Y Stock Exch
150^ Edison El III Co Brk—N Y Stock ttxch Narragan. (Prov)El Co.50
New Hav (Ct) Elec Lt Co
107 ....... Edison Ore Milling Co...
14
11
t Price rer share.
23
73
78 1 Edison Storage Co..........
21

.—See

uvy,

102
80

u

k

123

See
See

y

See

iv b k

107

100

See

:A

(G

107

See
See
See
See
See

See

O U T S ID E S E C U R I T I E S

95

1 1 9 4 12 5 4

See

'W,

105

11341194
1134 119
106 11 2
100 111J*

F-A
F-A
F-A
F-A
F-A

See

1314

100

See
See L

7a

See

128

Ask. ,
4c

14

8 c.

Stock Exch
1st.
12-0
10
15
41
43
t 834 87
175

THE CHRONICLE.—BOND PRICES (5 pages) Page 4.

670

[v’ou LAVII

Range,
Price
Week's
Price
Week's ;*gt3
BONDS.
I ?•§
F riday, R ange or i 2*! fro m
F riday, Range or \§ ©
Jan. 1. |N. Y. STOCK EXCHANGE; A T Sept. 16. Loaf Sale.
Sc/tl, Iti. L ast Sale.
W ilt s E n d in g Stspr, 16.
W b b k E n d in g s k i t . 16. - s «“
B id A sk. Low. High. No. Low. High,
■ Hid. A sk. Low. High. No
80; 90 106% Sar F k W 1st con g 6s. 1984 A - O
106
Ore 8b L —1st ocrei g 5a... I 040 jJ - J , 106 8*1« 105 ,
104% Oct.‘97 ....
104, 58
75
l st g 5s..................... 1031 A - O
81%
Non-eum In© A & ..... 1046 SejM
7iH
75H 73
150 30
Noa-cu too 14A cot tr. 1940 Oct,
Scioto Val k N R See Nor A \v
58 Sale
58
Seab k Roa 1st 5s........ 1026 .1- 4
O'twftffo k Romo. See N Y G
104% Feb. *98
Sea k B Bdge. See Bklyn Hi.
O C F 4 St V. St* 0 k N W |
105% 17 102 106% Sod Bay A So 1st g 5s... 1024 J - J
'One Coosi Co— 1st g 5«. 1946 J - 1> ....... 105
105
So Car & Un 1at g 5s___1919 M-N
A mi of Missouri. S*t Mo Pae
97% 100

BONDS
N.Y. STOCK EXCHANGE

Panama 1st $f £ 4)4$.*.*101? A - ©
8 f subsidy g 6».. , ,,,,1910jM-N
Pennsylvania CO—
. .. 114 112
114% H, 108 m x
Perm Co gu 1st g 4)48,1021 J - J
110 110
J’ly ‘98
Registered.............. 1021 .J - J
97% .......
Gtd 3Us col trust rug. 1937 M- »
P C C & St L con gu g 4%»-*
100% 113
i i s Sep/08
Series A ...................1040 A - O ‘112
108 118
Sorias B guar.......... 1949 A - O ‘112
11234 Aug‘03
Series C guar.......... 1042 M -N
112*
102 Oct.’97
Series D 4s guar......1945 M- N
' 106% 108
108 J’ne’98
Pitts Cin St L
1st 7s.
1900F -A
---------------109% Apr *97
Registered...............1900 P- A
1140 140%
140 May’98
Pitts Ft W A C 1st 7s. 1912 J - J
140 140
140 Aug’98
2d 7 *...................... 1912 J - J
3d 7s....................... 1912 A-Ot
112)4 A p r’97
C St L A P 1st con g 5s. 1032 A -O ‘117
Registered....... -... 1932 A -O
107*" Mayv98
Ou»» A Pitts cons f 7s. 1900 M-N ‘io s ’
Gen gug 4%sser’BA.1042 J - J
Series B................ 1942 A -O
GrR£lexlstgug4% s.l941
102 Nov’07
AJlegh Val gen gu g 4s. 1042i.11-S
rf'4C Bdgegengug4%s.‘45 J - J
108 May’07
Penn RR 1st real e$g 4s. L923 M -N
Con sterling g 6s....... 1905 .1 - .1
Con currency 6s reg...l905 Q-Mt
Cong 5s.................... 1919 M -S
Registered...............1919
Cong 4s.................... 1943 M -N
Cl & Mar 1st gu g 4%s.l985 M -N
115%115%
U N J RR Con gen 4s. 1944 M 115)4 Feb.’08
D R R R A Bge lstgu 4sg.'8H P -A
Pensacola At.
L Nash
95 101%
101% Aag'98
Peo Bee E 1st g 6s tr rec.'20 J - J
96
96
96 J’ne'08
Brans Dir lstg6strroc.'20 M
15
18%
18% J’no'98
Sd g 5s tr rec 1st pd.. 1926 M- N
Peo East.
CCC
St
120 120
120 May >98
Peo Pek Un Istg 6s... 1921 Q - F 121
85
85% 86%
85)4 May‘98
Sdg4% s...........Feb., 1821 M -N
137 N o r’97
Pine Creek Teg guar6s..1932 J - D
Pltte Cin St L.
Penn Co.
P G C i St
Penn Co.
Pitta Cler&Tol lstg8a.. 1922 A -O
Pitts & Connellsv.
B O.
Pitta Ft W Cb.
Penn Co.
Pitts Juno 1st g 8a...... 1922 J - J
Pitta & L Erie—2dg 5b .,1928 A-O?
Pitts McK Yo— lstgu 6s.'82 J - J
2d guar 8s............ . 1934 J - J
McKee & B Y 1st g 0s. 1018 J - J
Pitts P F 1st g 5s..... 1916 .1- .1 ......... 90
104 110%
Pitta Sb & L E la t g5s.. 1940 A -O 110% Sale u o )4
iio%
98 J’ly *97
1st consol gold 5s......1943 J - J
91
76% 9-1
90
90%
Pitta West 1st g 4b. .. 1917 J - j
50 Aug’98
39
53
Gold 5s.............1891-1941 M-N
Pitta Y Ash lstcon5sl927. M -N
203 77% 87%
eading Co gen g 4s... 1997 .3 - J 82)4 Sale
8m
82
Registered...........1997 J - J
Rensselaer Sar.
A D an.
South Ry.
89% Sale
90
88%
Rio Gr West 1st g Is .. .1939 J - J
78% 91
91 J'ne’98
91
94%
Rio Gr June 1st go g 5a. 1939 J - J>
66 J’ne’98
54
66
Rio Gr So 1st g 3-4?......1040 J - J ...... 72
Roch & Pitts.
B It
Rome Wat. Og
N Y Cent.
Oalt LakeC lstg.si 6s. ’03-13 J - J
79
O t J o it G I 1st g 2-3-48.. 1947 J - J
6S% 81
79M
Be L A AT 11.
Illinois Cent.
St L Cat.
Mob Ohio.
St L Iron Mount.
M P.
St L K C N.
Wabash.
Bt L M Br.
T R R A o f 8lL
8t Louis
San Fraucisco—
2d gold 6s Class A . ... 1906 M- N 115 116)4 114 J’ly ’98
111 116%
111% 116%
2d gold 6s Class B ......1906 M -N 115 116% 115% U5%
2d gold 6e Class C......1906 M -N 115 110% 115 Sep *08
118 116%
1st g 6s Pierce C 0..1919 F- A
1.14 120%
General gold 6s......... 1931 J - J *110 ...... 1 2 0 Sep.’98
105%
General gold 5s......... 1931 J - J 105 Sale 105
98% 106%
99 100 J’lv ‘Os
1st trust gold 5s........ 1987 A - O * 96
02% 100
105 Oct.*9
F tB & V B B d g lstg6s. 1910 A -O
Kansas Mid 1stg 4a...1937 .J-D
82%
79%
80
8t L
8 F RR g 4a.... 1906 .T- J
8oulhw Div 1st 5s.. .1947 A -O
97%
97% Aug’98
St L So.
Illinois Cent.
79 Sale
78%
70
70
8t L S W 1 st g 4s bdefs. 1989 M- N
81
83 Sep.’Oa
35
25
2d g 4s Inc bond ctf s.. 1980 J - J J
90 N o r’97
Bt Paul City Cab. c g 5s. 1937 J - J
Guaranteed gold 5s... 1987 J - J
gt Paul Duluth 1st 5s, 1931 F- A ...... 119 117 M ar‘98
115 117
105 109
2d 5s........................ 1917 A- O 106)4 .... 107% Sep/05
120 122%
8t Paul M M 2d 6s.... 1009 A - O m % .... 122% Aug’08
122 Aug’08
Dakota ext gold 6s.... 1010 M- N 123
118% 123
128 132
1st consol gold 6b. .... 1933 ,J - ,1 132 ...... 132 Aug’98
Registered............. 1033 J - .1
Reduced to gold 4%s 1033 J - ,1 109 Sale 108% 109
105% 100
106% M a r’98
Registered............ 1933 J - j
101 S ep .‘98
Mont Ext I at gold 4b*. 1937 .1 - D
08% 101%
06 Feb.‘08
Registered.............. 1937 J - D
96
06
122% 122%
122% Jau.*9f>
Minn Union 1st g 6»,.. 1922 J - J 123
126 S e p /9 8
Mont C 1st gu g 8s.... 1087 .J - .1 126
118% 132
115 A p r ‘97
Registered............. 1937 .1 - J
108% 108%
lit guar gold 6fl... .*1987 .1 - J
107 109%
Registered ..............1037 .1 - J
110% Sep.‘08
Minn 1st dir lstg 5s. 1908 A - O 110*
105% 110%
Registered............. 1908 A -O
113 Aug’98
Will 9 F lstg 5s....1938 J - D 111% •
113 113
Registered ...... .... 1038 .1 - D
8t P A Nor Pac.
Nor Poo
B’.PAB'x City.
StP M AO,
8 A A A P.
So Pac. Co. j
100% Oct.’97
0 F A N P lit ? f g 5b ... 1»19. -I - J

&

.1 - J

Q

k

k
A

&
&

See

&

S

See k

k

L

Sec
h. SeeSee k
k
See

k

&

k

&

R

k

Rich

k

See

H

See D k H.

See
& P.
See

Set
See
k
See
k
See
See
k

k
k

k

k

See

k

ft

k

100%

k

See
See C
See

Southern Pac!tie C o Gal liar & 8 A ls tg 68.1910 F - A *105
107 Jan.’Ob
2dg7a................... 1005 J -D i 105 ....... 105 .J'lv’OS
98% Sale
Max Pac dir 1st g 5s.’3 1 M-N
93
98%
Hous T C 1st SV N 78403; J - .1
ls tg 5s int gtd.......19371J - .1 110% 111% 112
112
108
112
,
Con g 6s lut gtd......1912! A- O
109% 109%
Gon g 4s lut gtd......1921 A - O , 82 Sale i 82
82
Morgan's La A T lstg Os.‘20J - 4 —
120% F e b .'08
1st 7s.....................1918 A - O 1*125
127 Apr.’US
N Y T Mexgu l» t g 4s.’12 A - Oj ....
Ore Cal 1st gtd g 5s. 1927 J - .1 * 83
75 Jan.’9H
85%
07%
8 A & A Pass 1st gug 4a.'43<J - J 67% Sale
Tex N O 1st 7s....... 3905 K- A
110 M ar’9'~>
Sabine dir 1st g 0s.. 1912 M -S —
106% Nov’97
Con g 5s ................1043iJ - .1 *100
100% 101%
So Pof Argu lstg 6s.’09-10 J -J| ....... 106% 108% Sep.'OH
S P of Cal 1st g 6s.•05-12 A - O * 110%115 '110% Aug'08
1 s t con g u a r g 5 s .. 1937 M -N •102
102
Hi2%
A & N \Sr 1 st gu g 58.1941 J - J 88 8ale 88
68
8 P C o a st 1st gu g 4s.. 1937 J-.J
8 P a c o f N M ex 1st g 0 8 .’1 1 J - J •109
10S
1095s
S o uth Ry—1st con g 5 s .. 1994 J - J 97%; :ale
R e g is te re d .... ______ 1994 J - J
M em D ir 1st g 4-4% -5al996 J - J 104% .
108 J 'ly‘98

k
&

k
k

k

J

S-e

See
See
See Y
See
See

W

See
See

See
See

See
See

See

E le c tr ic

C o m p a n io n.

Bid. |Auk.

Rhode Island Elec Pro Co. 116 1125
Toronto (Cam Elec Lt Co. 135% 1136%
Thom-ii<»ust Welding Co. .......100
18
12
United Elec Lt AP Co prof
85
83
Bond? .......................
Woonsocket (R I) K1 Co.. 100 110
r

C ftin p n n ip n .

c N Y Ferry-Stock
39
....... ................. $ 94
n V

e rry —S to c k ... I 91

1944..........M AN $107
»Mtan Ferr^— 5 *..i 109

39%
90%
92 "
107%
1 <I

(G

iv e n

at

foot

F e rr y CoinpanicH.

At J C

k

k

w 1st 6a tr co cts

7

i

98% Sale

97%

8“ 106W 110*
1311 87
98J,

76% Sale

111% 112

111% Sale
90 Sale

88

103

96

100

*95“ 104*’
100 108
102 107
87% 90
110% 110%

109 112%
105% 110%

68 i

76
69
85%
98

82%
78
90
104

88%
9S%
44
48%

99?%
96%
59%
79

104% 112%
74% 91%

90

%

34 Sale
104% 106

39
31
84% 398 21
97 105%
104% Aug‘98
108%110
110 J’ne’98

107% .
1 50% .
: 15 .

107

102
' 90
' 80
' 35

108

14%

103
103% 100

103 110
47% 59%
10
16%

5”
15

ICS
M ar’98

10C S ep /9 8

92% Mar»08

39 S ep .‘98

39

34 N o r’9 7
52% 56%
5% A u g 19 8

56 Sale
5 % ......

M-S

m i

|| Bcncta due March,

f Benda duo Jau.

).—

<£*

pa g e s

! 103

105%108
112%115
107 118%
U S 128
112 117%
118 125%

9851

98% A u g ’98
56 Sep.’98
74% 70%

B

c o n s e c u t iv e

101%
109v*
110%
102%
88

FERRY

100%103
100 108
90 108
92% 02%
35
30

83% M g

99% 102%
102%100

64
90% 91

{Bunds due Nov

RAILROADS.

Itn llron d s.
R a flro a d n .
Bid. Ask.
AtCh Pike's Peak 1st 6s 101
Chw^NW 1a t 7s M ad ext* 11 §130
Ate T& 8 Fe gu fd Osnotea 101
D o M enom inee e x t 11 1 §130
io i
Atrta&Ch Air 1st 7s *07 117
75
C h lc & T o m a h ls t6 s l9 0 5 §109
6
Atl&P cts of depgu last’d
N orthw Un. 1 s t7a 1917. §142
100
B
3%s, when Issued.. S 96% 96%
Frem B U t& M oV al la t'8 8 §130
30
04 44
5 94
Do 4?
**
Do
u n sta m p e d §129
95
85
W in A S tP 1 st e x t 7a ’10 §136 142
Do com
“
“
Ch & E a st 111 sin k fd col tr
Boat N Y Air Lino—Corn
10i
ch.
Preferred
N Y 8to ck
CinA Spgf 2d 7a g u C C C&l 103
40
98
J a c k L k Sag 1 s t e x t 5a ’01 103
102% California Pacific lst4%s
Kingaten P e m b Is tM ..
95
Do
2d raort guar
I, N A Cl) 1 « t 0» O
D iv 113
Ch Mil & St P Dub Dir ‘20 $124
.......
Do
Wia Yai div 6a *20 $124
J And in te re s t.
tP rlc e p er eh ore .

BUI. Ask. |

1st 5a 1948............ 1V.T 1100
N Y
E R Ferry—Stock. 72
Bonds 5s of 1932........
07
N Y S B Trans
Ferry
25
Bonds, 5s, of 1906...... $ 90
10th & 23d Sts Ferry.....
so
1st m -rt 5s 1919.. .JAD $100
Union Ferry—Stock.......
39
l i t 5s 1920......... MAN U02
Rnllrondw.

k
k

of

75
55%

3P| 96%
100)4
1085,'
92%
81%

80 A ug’98
77 Sep/98
90 A u g ’98
100% A u g ’98

Si
78

MISCELLANEOUS BONDS.
damb Ex—Col tr g 4a, 1948
100 Sale
100%
m Cot Oil deb g Ha... 1900 Qu-F 106%107% 107% 107%
Atn Dk A Lmp 5s.
Cen N J
Am Spirits Mfg 1st g 6s. 1915 M -N
87 Sep.’OS
\tlanta G L Co lst g 5a. 1047 J-D
ar A S Car Co 1st g 6«. 1942 J - J
oa U Gas tr Ctfs a f g 5s.'39 J - .1
9*6% JanPftH

A

99%
107
105%
08%

1 105% 110%
105% 105%
106
106% S» 96%107%
43%
47% H84 28
50%
117% 124
L22% J‘ne‘9-’
102 105
104 SepJ 98
103 105
105 AUg‘98

003% .....
106%107
•46% Sale

J -J

SeeSee
See

• No price Friday; these are latest bid andtbC-cod this week, t Bonds due June. * B jnds due July.

O U T S ID E S E C U R I T I E S

233|

113% 1.12% Aug’98
110 J Ty '98
103 octpy

100
1 SO
1 70
77
1 90
08

“o s "

107%112
105 110
76% 83%
120% 120%
127 127

R eg iste re d ........T. . . 1900 J - J
E T en re o r Lien g 4-5s,1938 M -S .*100 100% 100 Sep. *98
R eg istered .................. 1938 M -S ....
A la C en R 1st g 0 s___1918 J - J . . . .
112% A u g '9 7
A tl & C b A ir L in e Inc. 1900 A - O ...............
Col A G reeny 1 s t 5 -6 s.l9 1 0 J - .1 ♦117% 117% 119 D ec ’9
E T V a A G a 1 st 7 s .. . . 1900 iJ - J 105% .... 106% Sep.’98
D ivisional g 5 s ...........1930 J - J 114 Sale 114
114%
113
C on 1 s t g 5 s ........ ....1 9 5 6 M -N 113 ...... 113
G a P a c R y 1 st g 0 s . . . . 1922 J - J 12 L Sale 120% 12 i
K n o x A O hio 1 s t g 0s . 1925 !J -J M 15% ..... 115% A u g ’98
R ich A D an con g 0 s . . 1915 J - J ....... 125 122% A ug’08
E q u ip sin k fu n d g 5s.l9O 0 M - S * 98 ...... 101 N o v ’9 ‘
Deb 5s s ta m p e d ........1027 A -O 104%...... 104
104
..................108
V irg in ia M id gen 5 s .. .1930 M -N *
108 S ep.’98
G td s ta m p e d .............1936 M -N ♦107 108 107 J’ne’OS
90 A u g ‘08
W O & W 1st ey g u 4 s .l9 2 4 F -A
W e st N C 1 s t con g 6s. 1914 J - J
113% Aug’98
8 A N A la. S ee L A N .
Spok F allsA N or l s t g 03.1989 J - J ♦ 99
S ta t Is! R y l s t g u g 4 % s.l0 4 3 J - D *102
Sunb A L e irls tn l s t g 4s. 1980 J - J *104
S yra B ing & N Y, S ee D LA W .

See

104%104%

107
100
35 02

k

rjper A of St L 1st g 4%s.t89 A - O
JL 1st con gold 53.1804-1941 F- A
St L M BgeTer gu g 5s. 1030 A -O
Terre Haute Elec Ry g 6s.’14 Q-J*
Tex A N O.
So Pac Co.
Tex&P Ry E diy lstg 0s. 1905 M -S
1st gold 5s................2000 J - D
Sdgoldinc. 5s, Dec...2000 Mob.
Third Av 1st gold 5s.... 1937 J - J
Tol A O C ls tg 5s........ 1935 J - J
West’ndiv 1st g 5s— 1935 A -O
General gold 5s,....... 1935 J - D
Kan A M 1st gu g 4s. ..1990 A - O
Tol Peo A W 1st gold 4a. 191" J - J
T S t L A K G 1st g 6a tr. 1916 J -D
| pstsr A Del 1st cg 5s. 1928 J - D
V nion Elay.
Bklyn Kiev
Un El ( Chi3) lit g os.... 1945 A -O
Cn Pac—KR A 1 g g 4s. 1947 J - J
Registered........ .....1947 J - J
Tr Cd ctfs j?4%s....... 1916 M -N
U P DAG 1st c g 5s trrc.’39
Uni N J RR AC Co.
Pa RR
Utah A North.
Ore 8 L.
Utica A Black R.
N Cent.
Y 7 er v »l Ind A W.
Mo P.
* irglnia Mid.
South Ry.
ab RR Co lstg 5s.. 1939 M -N
2d gold 5s..........1939 F -A
Debenture series A .... 1939 J - J
Series B .................1939 J - J
lstg 5*Dot A Ch Ext . .1941 J - J
StChas Bridge 1st g 6s. 1908 A -O
Warren RR.
Del L A W
Wash OA W.
Southern
West N Y A Pa—lstg 5s, 1931 J - .1
Gen g 8-4s.................. 1943 A -O
Income 5s....April, 1943 Nov.
West No Car.
South Ry.
Western Pac.
Cent Pac.
W Chic St.4U-yr 1st cur 5s.‘28 M -N
40-year con g 5s........ 1930 M -N
West Shore.
N Y Cent.
W Va A Pitts.
B A O.
W Va Cent A P 1st g 6a. 1911
Wheeling A L E 1st g 5s, 1926 A -O
Trust Co certificates..........
Wheel Dir 1st gold 5s. 1928 J - J
Hasten A Imp gold 5b. , 1930 P- A
Consol gold 4a....... .. .19
J -J
Wilkes A East.
N Y 8AW
Wil A Sioux F,
St P M A M
Winona A St P.
CAN W
Wls Cent Co 1st tr g 5s .. 1937 J - J
Engraved trust certificates.
Income Gs.. . .. . . .. . . . .. 1937 A-O*

Range
from1.
Jan.
Low.Bigk,

k

AO
k

L

H

—See

Ex

i&H

&

k

&I

THE CHRONICLE.—BOND PRICES (ff pages)

Sept . IT, 18ys
BONDS.
I|
N. Y. STOCK E X C H A N G E |
W e e k E n d in g Se p t . 1 6 .1-5

Price
Week's ItS-s Range
F riday, R ange or |§© fro m
Sept. 16. L a st Sale.
Jan. 1.
Bid. A sk. Low. Hiah. So. Low H igh
, 115H 115* 11*5* 11 109* 115*
2 9 1*100*
94
94
, 95

P age

671

o

Price
Week's
i R ange
F riday. R ange or ■*N
S ® | fro m
Sept. 16. Last Sale. (*}-0
; Jan. 1.
B id. AsJc. Low. High. N’o . Low H igh

BONDS.

N. Y . STOCK E X C H A N G E
W e e k E n d in g Se p t . 16.

c'eoria Wat Co g 6s.. 1889-19 M -N
B’klyn U Gas 1st con g 5s. .’45 JI-N
................ . •
PI Valley Coal 1st g 0s.. 1920 M -N *108" " " "
Br’k’n W A W H 1stg 5a. 1945 F -A
Procter & Gamb 1st g 6s. .’40 J - J
ah Coal Min.
T C I& R .
St L Ter Cupples Station A
G L A C C o . See P G & C Co.|
Prop Co ls tg 4 *s 5-20 yr’17 J - D
109* Feb ’97
109*109*
Chic Jc & St Yd col g 5s.. 1915: J - J
S Yuba Wat-Co con g 0s..’23 J - J
101 F eb ’O'!
Clearf Bit Coal. S e sN Y C A H
100 Aug’98
3p Val Wat Works 1st 0s.’00 M -S
95 102
Col C & I 1st con g 6s... 1900 F - A
77
77 Sale
79
Stan Rope & T 1st g 0s.. 1940 F - A
ColC A I DevCogug5s..l909 J - J
104 Jan.’98
2 L * Sale
19*
Income g 5s............... 1946
100 104
21*
Col Fuel Co gen gold 0s. 1919 1I-N
80 May’98
Sun Ck Coal 1st g s f 0s..1912 J - D
80
84
Col F & I Co gen s f g 5s. 1943 F - A
Tenn Coal T Div 1st g 6s. 1917 A-0 3 93
93
92*
Columbus Gas 1st g 5s.. 1932;J - J
Birin Div 1st con 0s... 1917 J - J
101* Apr.’98
93
63*
101*105*
Com Cable Co 1st g 4s.. .2397IQ - J
104 Feb.’98
Cah C M Co 1st gu g 0s..’22 J - D
104 104
Registered................ 2397 Q - J
De Bar C & I Co gu g 0s.’10 F - A
83 Jan.’9S
Con Gas Co.
P G & C Co. i
U 3 Leath Co s f deb g0s.’13 M -N 116 ...... 116 Aug’98
e Bardel C & I.
T C & I. j
Vt Marble 1st s f 5s......1910 J - D
el A H Can.
RR bonds
36 89
93*
94
95* West Union deb 7s. .1875-00 M -N 105* Sale 105* 105*
94
Detroit City Gas g 5s.... 1923! J - J93
Registered........ 1875-1900 M -N
90 103
105 Mar’98
Det Gas Co con 1st g 5s.. 1918 F -A • 9 2 * 93* 94 Aug’98
17 Aug’98
Debenture 7s.. . 1884-1900 M -N
D e tM A M ld g r3 *s S A.1911 A -O
’. 6 * 19
19 ...
112 Aug’98
Registered..... 1884-1900 M -N
108 112*
d El 111 1st conv g 5s. 1910 .11- S ■109 ...
117* 117*
Col trust cur 5s.........1938 J - J 113 Sale 119
114* 119
lt3
1st con g 5s...........1995 J - J 110* ...
113* J’ne’9'"
Mut U n T e ls f’d 0s... 1911 M -N
112* Sep.’98
Ed El 111 B’klyn 1st g 5s. 1940 A- O
Northwestern Tel 7s....’04 J - J
Registered....................... A -O
9 8 * 98*1 W9stn Gas Co col tr g 5s...’33 M -N
9 8 * M ar’98
BrieT A T c o ltrg s f 5s.. .1920 J - J
101" Mar *98
Wh L E A P C Co 1st g 5s.’19 J - J
Bq Gas L N Y 1st con g 5s. .’32 >1-3
Whitebret F gen s f 0s.. 1908 J - D
Bq G & Fuel.
P G A C Co.
'ten Elec Co deb g 5s.. 1922 .1 - D
I 90 t08
. 108*1 108 Aug’9S
9 5 * Jan.’97
U. S. GOV. SECURITIES.
* r RlvCoal A C 1stg0s..’19 A - 0
M 99 ....... 98 Apr.’98
U 3 2s registered— Optional
Gr Rap G L Co 1st g 5s.1915 F - A
U S 4s registered...... ...190“ Q-Jt l i e * Sale 110* 110*
ack \Y reor 1st g 5s.. 1920 J - J
U S 4s coupon.............. 1907 Q-Jt 111* Sale 111* 112
111 Aug’9
end B Co 1st s f g 0s. 1931 M- S
U S 4s registered.......... 1925 Q- F 127* 128* 127* 127*
111 Steel Co deb 5s.........1910 .1 - J
Non-conv deben os.... 1913 A - O!
U 3 4s coupon.............. 1925 Q- F 127* 128* 127* 127V
70 Apr ’9
on Steamboat C » 0s.. .1901 J - J
U S 5s registered.......... 1904 Q- F 112* 113* 112 Aug’9:
l
U 9 5s coupon..............1
107 May’97
Jed & Clear C & 11st g 5s 1920 J - D
112* Sep.’98
F 112*'112*1
102* Aug’98
80 May’97
2d g 5s...................... 1920 J - D
U S 6s currency............I 80 T
- J 102* .
U 3 4s registered certs
K C Mo Gas Co 1st g 5s. 1922 A - O
104* 105
100 105*1
Lac Gas-L Co of StLlstg 5s’ 19 Q-F
Q-F* 101
of indebt (Cherokee) 1899 Mcb
Small bonds.
Qu-1
STATE SECURITIES.
102** J’lyV97
Mad Sq Garden lstg 5s. 1919 M -N
109 May’98
Alabama—Class A 4 to 5.1906 J - J 108
M etT A T 1st s f g 5s...1918 M -N
Small........... ....................
108
105 Aug’98
Registered............... 1918 M -N
85 J’ne’97
Class B 5s.................1900 J - J 105
105* Aug’98
Mich Pen Car Co 1st g 5s.’42 M -8
Class C 4s............
.1900 J - J 100
98 Aug’98
Mut Fuel Gas Co
PeopGas
Currency funding 4s...1920 J - J 100
Mut Un Tel Co.
W n Un.
110
116
1105 108
Dist of Columbia—3*05s. 1924 F -A 117
at Starch Mfg Co 1st g 0s ’20 M -N 109 110 107* Aug’98
Louisiana—New con 4s.. 1914 J - J 103
10 ( Sep.’98
Nwpt News 3 & D L>5s. .1990 J -Ji
N Y N J Tel gen g 5s cy. ’20 M -N
100* M ar’98
Small...............................
N Y & Ont Land lstg 0s. 1910 F -A
Missouri—Funding. ..1894-95 J - J
75
North Car—Consol 4s. ..1910 J - J 103
101 Jan.’98
NoWestnTeleg. See West. Un.
111 Nov’97
Peo Gas & C 1st gu g 0s. 1904 M -N
Sm all....,........ ................ J - J
102 109
0s..............................1919 A - O 125 ...
128 Feb.’OS
2d gtd g 0s............... 1904 .1- D ................ 107* J’ly ’98
113 120
So Carolina—4 *s 20-40.1933 J - .1 103 ...
117* Aug’98
IstconsolgOs........... 1943 A - 0 ....... IIP
93
9 3 * 92* Sep.’OS
Tenn—New settlem’t 3s. 1913 J - J
Refunding g 5s.......... 1047 M -S ..............
9i
03
Registered............. 1947 M -8 ..............
88 J’ue’98
Small............................... J - J
100* Sep.’OS! .... 102 108* Virginia fund debt 2-3s.l991 J - J
7 0 * 8ale
Ch G-L ACke lstgug 5s’37l.l - .1 100* ....
75*
76
104 J’ly ’98 .... 101 100
Registered....................... J - J
ConG Co of Ch lstgug 5s’36 J - 1) ......105
104
1 102 108 i 0s deferred bonds............
Bq G A F Ch lstgug0s.’O5iJ - J 103* 105 104
8-e
7*
M u Fuel Gas 1st gu g 5.1947 M- X ....... 101* 106* Sep.’Ofr!___ 1 0 5 * lOn*
Trust receipts stamped....
7fc

See

C

1113

82
24*
93
95

See
See
See

D

83; | 83
111* 110
105* 105*
105 105*

E

See

t
H

113 '

105
111

113
112*

(For daily record. see seventh -pa

109* 112
109* 115

mla

See
See

&

O U T S ID E S E C U R I T I E S

(G

iv e n

a t

t Bonds due July.
foot

of

7

Bid Ask
Bid. !Ask. |l
M iscellan eou s
R a il rn niL
Fidelity A Dep ( Balt)..50 14U 145
N Y El deb 5s gu Man By. 28
Galveston Wharf—1st 5s.
No Pacitic Mo Div 1st 6s 105*
99 100
Ptttsb A Connellsv 1st 7- 104
Genesee Fruit...........100
German Am Real Est.100 23
30
Do con 0a gu by B A G 115
St P East A Gr Tr 1st rts
«• II Glucose Sug Ref-Coon. 100 58* 59
Preferred.............. 100 106* 107
gu by Milw L S A West.
Goodyear Shoe Mach..25 39
Tenn C 1A Ry con 0s 1901
39*
90
Do So Pittsb 1st 1902..
. . . . . . 11Gorham Mfg Co-Com. 100
Preferred...............100 114 118
Ylcksb A Meridian 1st 6s
M lMcelhi'ieou".
Great Fulls Ice...........100 115 122
Acker Merrall A Con. 100 97* 101
Hartford Carpet Co.. 100
Am Air Power of N Y. 100 2 > * 25* Ueck-Jones-J Mill-Pf.l00
57
00
Americ’n Axe A Tool. 100
80
1st 0a 1922..........MAS
90
>3* 27v*
Amer Bank Note Co...50 t 39
40* Her’g-Hall-Mar-Coui. 100
*
*
American Brake Co.. 100 89
92
Preferred.............. 100
0
2*
Amer. Caramel—Com...
50
45
Hoboken Land A Iinp’t.. 100
Preferred.................
101 103
5 s .............................. 105
Amer Groc—1st pref.100
80
9
International Elevat.100 75
Amer Malting Co
Stock Exl’tji International Navlg..l00 105
Am Pneumat Tool Co.10
St ock
International Paper 100 )
Amer Press Assoc’n.. 100
110
Preferred........... 100 > Exch list.
American Screw...... 250 115 140 j
Bonds 6 s ................... n o
Ill
Am Smokeless Powd.100
International Pulp... 100
A m Soda Foun—Com. 100
4
8
Iron Steamboat........ 100 t....... 12
1st preferred.........100
45
50
0s 1901.................JAJ
50
15
25
John B Stetson—Com. 100 45
Amer Steel A Wire—
St’ck Exl’t
Preferred.............. 100 100 n o
100 175
22
Joumeay A Burnham. 100
45
Preferred.............. 100 87* 72*
Knickerbocker Ice.... 100 87
t 2
90 io i
Bonds 58............
30* 31
104
Lawyers’ Snrety....... 100 100 n o
114
Lawyers’ Title Ins.... 100 153 100
127* 133* Lorillard (P )—Pref.. .100 119 121*
Preferred .
137* 145
5
Madison Sq G— Stock. 100
10
2d 0s 1919..........MAN
25
35
12*
25
Maine S S................... 50 40
10
12* Merch A Miners' 8 S__ 50 120
00
12
Mech’nlcal Rub-Com.100
97 100
Preferred.............. 100 32
1. list.
Mergenthaler Llnot—
Bosto n list
110
00
Meriden Britannia Co..25 55
12
Mich-Pen Car—Com.. 100
t 12* 20
8
Bliss Company—Com.
110 125
Preferred....... .......100
Preferred..............
102* n o
1st 5s 1942..........MAS ~88*
00
190
Minneapolis Brew 1st 7s 102
53* 50
Mosler SafeCo........ 100
105
74
70* Monongahela Water...25 30* 37*
N Y Sto ck Ex ch.
* ....... Nat Biscuit
2
Preferred
N Y Sto ck Ex cb.
80
32* 37* National Casket Co... 100 60
40
25
National Saw—Pref.. 100
Chea A O Grain El—Inc.
202
12* 17* National Surety....... 100
4s........ .....................
05
70
75
Nattonal Wall Paper. 100 05
350 370
50
N Y Loan A Imp....... 100
90
90
N Y Biscuit 0s 1911 .MAS 114 n o *
88*
New Jer Zinc A Iron.. 100 100
Common.
N Y Air Brake
N Y S tock E xch.
lark Mile F
' 75
48*
Nicholson File Co.......50
Collins Co..
12
113
Nicaragua Construct. 100
9
2
Peck, Stow A Wilcox..25 t 18
A
Consolld Car Heating. 130 32*1 8 7 * Pegamoid (£1 shares)
Cjnsol Firew’ks-Com.100
1 10
Pennsylvania Salt Mfg.50 103 107
Preferred............. 100
Penn. Steel 5s 1917.MAN
Con Kan C Smelt A Ref.25
12
Penn. Water—Com....50 10
85
Consol Rolling Stock. 100. 17
Phil A Wil Steamboat.50 130 142*
20
Cramps’ Sb A Bn Bldg. 100 70 , 73
3
Pneumatic Gun Car
2*
Diamond Match Co. ..100 137* 138 1 Pratt. A Whltn—Cot
4
8
Bnsley Land....... .
48
....... 20c.
Rppens Sin A Wiem..l0o .......! 75
240
Batman Kodak Co...100 95 100
105
Brie A Western Trans.50 70
10
7 '*
Federal Steel (w. I.).. 100 28
40
30
29
Pro', (when Issued).100 70* 71*
102
Fidelity A Casualty. ..100 250

Par.

——Srt

See

Set

Se*

—See
—See

—See

t

Bonds due Mar.

c o n s e c u t iv e

pa g e s

J I i««ce| lnn**ou««-

&

Scbwarzohild .^uuu.luu
Seraet-Solvay deb 5s......
Simmons HTdw-Com.100
Preferred...............100
Singer Mfg Co...........100
Standard Oil............. 100
Stan. Olst. A Dis.—Com..
Preferred...................
Stand Und’rg’d Cable. 100
Sloss 1AS 1st 0s 1917.FAA
Southern Cotton Oil.. .50
Stat Isl R T 1st 0s'13AAO
2d 0s 1920............. IAJ
Stillw-Bierce A 8m-Y.100
Swift A Co................100
1st Os.........................
Susq Coal 0s 1911.... JAJ
Term Wareb—Stock.. 100
1st 0s.........................
Debenture 6s..............
B an ks.

Bid.

I Bonds due April.

Ask.

).—

Bid
35
101
90
116
410
413
20*
09*
115
88
8•
107
00
70
101*
1106
115

R R s .,

Ask.
45
103
1-2
120
425
415
22
70
120
95
70
80
103*
10
70
70

B a n k s.

109
108
105*
100

115
100
98

117
105
100*

.. !io i

lo i

. 128

128

87
87
65

%

1No price Friday; these are latest bid and asked this week.

108*
105
105*
98

93*
88
70*

4*

§*

| Bonds due January.

BANKS, MISCEL.

M lHceliniieou*.
Bid.
Texas A Pacific Coal. 100 00
1st 0s 1008..........A AO 102
Title G uar A Trust.. ..100 295
Trenton Pott—Com.. 100
10
37
Trow Directory-New. 100 35
Union Switch A Signal.50
03
Preferred............... 50 n o
Union Typowr—Com. 100
10
100
2d preferred..........100
90
U S Glass—Common..100 25
Preferred..............100
70

Ask
70

Wagner Palace Car...I00 170
Westingh Air Brake...50 tioo

45
65
115
14
104
93
25*
80
100
173
102

Wool Excb’ge of N Y. 100
Worth’t’n P’mp-Com.100
Preferred..............100

102*
30
95

Bid.

N. Y. CITY.
Mercantile .. 107
America*__ 352
Merchants’. . 150
Am Excb.... 170
Merch Excb. 116
Astor.........
Metropolis*..
Astor Place* 220
Mt Morris*.. 100
Bowery*.....
300
Mutual*......
Broadway.... 225 235
Nassau*...... 150
Butch’sADr.. 05
New Amst.*.. 250
Central...... 100
New York.. 235
Chase......... 260
NewYork Co. 1100
Chatham .... 280 300
N Y Nat E x- 70
Chemical..... 3700
Ninth.......... 80
Citizens’...... 125 132
19th Ward*.. 100
City............ 1100
North Amer. 130
Colonial*.... 137
Oriental*.... 140
Columbia*
155
Pacific*....... 180
Commerce... 204 200
Park........... 300
Continental. 120
Peoples’* .... 200
Com Kxch*.. 275
Phemx...... 90
East River 130
Plaza*......... 290
11th Ward*. 220
Prod Exch*.. 110
Fifth........ 225
Republic .... 155
Fifth Ave*. 2500
Riverside*... 190
First..........
Seaboard.... 170
First (8t Isl)
Second ....... 450
100
Fourth
170
Seventh...... 125
14th Street*.
ie o ’ Shoe A Le’tb 92
Franklin
250
Sixth......
Gallatin.
300
State* ....
Gansevoort*.
100
State of NY* 103
Garfield.
1000
Tradesmen’s 85
Gorman Am* 112
12th Ward*.. 120
German Ex*. 200
100
23d Ward’
Germania*.. 300
225
Union.....
Greenwich*.. 165
175
Union Sq*.
Hamilton*... 105
140
Western..
Hanover.
390
West Side*.. 275
Hide A L ’ath 85
95
Yorkvllle*.. 180
Home*........
150
Hudson Rlv*! 140
BR’KLYN.
Imp A Trad. 180
Bedford*... 215
Irving........ I 147*
Broadway*. 180
Leather Mfr. I170
Brooklyn* ..
Liberty ...... 140
8th Ward*..
Lincoln.... '750
5th Ave*... 104
.Manhattan' 1200
First.......... 380
Market A Ful
Fulton*...... 180
90
Ger Amer*.
Mechanics’. ., 170
Hamilton*... 105
Mech A Tra*' too
* Banks marked with an asterisk (*) art
3 Purchaser also pays accrued Interest.

Ask.

400

B a n k s.

25
02
Bid.

Man ufact’rs. 250
Mechanics*.. 235
Mech A Tra*. 245
200
Nat City..... 335
North Side*.. 160
People’s* .... 190
Scherm’rh’n* 140
17tb Ward*. 100
Sprague......
20th Ward*. 185
Wallabout*.. 103

185
95
310
118

Ask
101
255
345
175
195
150
105
215
145
100

T ru s t Cos.
N. Y. CITY.
Am Dep A L.
Atlantic T r.. 137
Central Tr’st. 1300
Colonial...... 202 210
Continental . 187

Farm Ln ATr 900
Fifth Ave Tr 340
Guaranty Tr 425
Knlck’rb’ck’r 240
Manhattan.. 100
Mercantile .. 400
Metropolitan 300
Y L I A Tr 1200
N Y Sec A Tr 400
North Amer.
Produce Ex. 203
Real EstTr’t 200
State Trust.. 190
Union Trust. 930
U S Mtg A Tr. 290
Unit. States.. 1100
Washington. 225
BR’KLYN.
Brooklyn Tr. 390
190
132* Franklin..... 225
95
Kings Co..... 280
107
L Isl L A Tr. 220
390
Manufact’re. 237
200
Nassau....... 159
100
People’s .... 250
150
98

S

050
300
280
...
...
...
205
300
....
405
235
235
225
101
253

tPrloe per share.

fr

o 7

.%

[V ol . LXVII

THE CHRONICLE.

1

Saston, Philadslphia and Baltimore Stock Exchanges—A Daily and Yearly Record.
e r S il& ro P r l c e * - \ 'o t P e r C e n tu m P ric e # *

•60

704

23
93
338 338
235 238
674 08 j 67s* 67)*
•326 ....... •32d .......
1 0 2 4 I 6 2 4 102 16iH
1 1444 u s 4 1 1 JT* IU||
123 123k 128 123
1 2 J 123
1 0 0 4 loim* i'jSi* 1 'iViQ
25», ajs»
254 25h
*41
4*
414
5JW 504
105
105 105

•03
23

70t* ♦ 0OW
23
23
23

-ill.-,
09
*228
162
1134

•221 0 i

23 7ft
09
.......
ldJ
IU 4
12*24 123
1*2 3ft 13-ift
IO8 4 1094
24
25

23 r**

• )
113
•13 1ft

10*4

•084
1 2 it*
] *2 * 4
238 ♦2)5 240 ♦235
09
094 7UV<i 70
*290
'•22-3
103
1624 10^4 , 103
1 1 4Ji i 15 116 1 !15ft
* 122
123 122
*129
12 2 4
io«ft lOtijft i 1 o vi ! 1104
24
stft Sill
95ft
•10
•lift
-lift
*50
105
105 10 5 * 105
..ft*. * ...
.......

Range o f Sales in IB98.
Lowest.
Highest.

A C T IV E S T O C K S .

Saturday, 1 M onday, T<te*da y. W ednesday Thursday, | Friday,
Sept. 10. Sept. 12. StpU 13. Sept. u . Sept. 15. Sept. ld .

11 Indicates unlisted.

It .'ill rand rstodtt.
70ft Baltimore City Passenger,.« (Balt.) ....
23 Baltimore Consolidated......
"
....
2 i Baltimore Consolidu! e<l!. . . . ( Phila.) ....
238 Boston & Albany....... ......(Boston)___
70ft Boston Elevated........ .....
"
....
124 Boston & Lowell........... .
“
___
163 iBoston & Maine......... .
“
___
llO.ft
133 Chic. J u n e . & D o. S tock Y ds.
44 . . . .
•». . . .
PJ24 P r e f e r r e d ...............................
110% C hic. .M ilwaukee & St. P a u l. ( P h i l o . '___

“ ....
“ ___
P re fe rre d ............ ........ . . . . . .
C onsol. T ra ctio n o f S . J .T ,.. *» . . . .
ib i)i
•iOi^i
F itc h b u rg , p ro f.________ . . . . (B o s to n ). . . .
♦4(1
G-a. S o u th e rn & F lo rid a ,,. . . . (B a lt.) . . . .
liit p r e f e r r e d ...............
44 . . . .
r>.
1
•....... 78
2d p re fe rre d .............
" ....
904 2 0 4
Sfft 30ft
204 2 0 -H 20 4
sso« sow: sow soft L ehigh V a lle y ................... . . . . ( P h ila .)
5
54
*5
♦5
*5
*5
5H
*54
54
5ft M exican C e n tra l........* ,.» .„ * (B o s to n )... .
54
♦ 804
• 8 0 4 .......
•SO
*304 $ m N o rth e rn C e n tra l........( B a lt.) . . . .
3 7-H 38
37ft STft 37‘* 37i_i
38^ ■414 414 42% N o rth e rn P a c iflc ........................(P h lln .) . . . .
80ft 38 4
l7SJj 77
70ft 7lift 764 764
70ft 77ft
44 . . . .
774 78H 1 78ft 78 ft P r e f e r r e d ... ..............................
193 19 1 •192 193 *193 19 3
*193 195
19 iy 191 >4 ; m
191 O ld C olony................... ...............(B o u to n ),..,
35
35
“ ....
•juft ......
844 344 * 3 2 4 31 O regon S h o rt L in e ........................
583* 59.Vs 585s 59
5*4* 58)4 58ft 59
594 594
5Sft 59
. ( P h ila .) ....
92^
94

91

S 9 1-10

a i<*
g;ion< 70S*
•C3'-'4 304
?l0 4Si 05
J i2 0
20
sa?s-

41

50
5)
101ft 105
*•41
43

92i^ 934
!) 0 9-10
9-16

a:!ft
ii .ft

" so "

H

277 2S0
111303* 1374
iT134 J1 49*
22-1V^‘ 227
23 i*
•580 535
04
64
4

23

H 21% 21)1 25
87
4i 4i

24

8 6 ft

75M 75H
70
73

74
004

75
60?*

‘2 1 4 2 2
* 2 1 4 22
* 3 7 4 ....... •373* .......
0 ft 0
138 138 • ....... 140
28
28^
2 8 ft 28ft
194 2 0
10ft 19ft
120V* 121
1204 121
l'3-ft 17
1 «M 18ft
x53
o3
’1
14
•1
1 ft

5ft
5ft
• ....... 143
209 * 28
20
204
1 2 1 f t 1 2 1 ft
17
174
534 54
*1
14
305* 30?* •39
31
•soft 31ft
*57
58
•57
58
•57
• Bid and asked prices; no sale was

58

IN A C T IV E S T O C K S

■ iih

2 4 C hoctaw O klahom a & G u lf..

-uft
51
m*ft

93 4 Philadelphia Traction___
44 ....
»ft Reading Compauy.................
1 st preferred......................
“ ....
“ ....
?*
1U4 2 d preferred......................
3Sft
Sift Union Paeidc....,............(Boston),...
07ft Preferred..........................
064
“ ___
U (« Union Traction................... (Phila.)....
19ft
87ft West End Street................. (Boston)....
Si'
Lftlscellaneous Stocks.
277 277
277
278 280 American Bell Telephone... (Boston)..,.
1 2 0 V 13) IM ftlS B ft 123%128 American Sugar RefiningL. “ ....
113 113?* 1124113
112 n a « Preferred!.....................
“....
2 25 237ft 2259* 224
“ ....
2254 228V* Boston A Montana................
24
21 - Butte & Boston*.................
44....
23ft Sift
24
24
5-HO 580
575 575 Calumet & Heela
44 ....
575 575
04 4
05 Consolidated Gas................ (Balt.,) ....
25
20
(Boston)__:
s s ij 204
25ft
264 Dominion Coal................
854 85ft
37ft Electric Storage Battery Y (Phila.) —
35ft 8 flft 37
42 4 43
Preferred!........................
44
40ft 41
lif t
74
78ft 78ft *73
*734 71ft Erie Telephone.................. (Boston)— :
44
85ft 0 8 ft
68
6 8 4 6 Sft 70 Illinois SteeL.........................
*23
2 2 ft Lamson Store Service.......
* 2 1 4 22
“
....
* 2 1 V* 22
*3s
39
39 Lehigh Coal & Navigation... (P h ila .)___
44
:
5ft
5«
5ft
5ft Marsden Company ! ...............
64
5ft
140 *
140 •139 14 L New England Telephone. — (Boston)...;
HSft Oid Dominion C opper!......
28
“
....
23
23V* 275* 28
19
194 19ft
19ft Pa, Mfg. Light & Power! ... (Phila.)....
1 3 « 19ft
“
....
1 2 0 4 122W 1224 123
123 L244 United Gas Improvement!.,
1 0 ft 18
17ft 18ft United States Oil...... ......... (Boston)....
164 1 0 ft
53
(Phila.) ....
53
51ft 514 Welsbaeh Light 1..........
51ft 51ft
*1
•1
•1
ift West End Land................(Boston)----•ft
14
44 ....
30ft SOftj 31
31
31
Sift Westingh. Electric & M fg.,,
57
57
57
Preferred..........................
44 ___
574 57ft 57
made. tTr. receiDts; all instal paid. tT r. recta. ! Ex rights. i Lowest is ex c

924 93Vt
9 1-10
9
s ift s ift 21 5-18
♦ i 0 4 1 0 ?* ♦101 *
' 3 6 4 30 30 4 2 9>4
685* 04
63-!* 0 l
«3ft
19k 103* 19^9 1 »M
19J*
80>§ 80?* 8 8 ft 8 dft 80ft

&

21

280 280
•27» 230
135ft13»ft 1353* 137
115 1154 11 1?* U 5 4
22 1 232-4
T2204 220
2 2 ft 83ft
8 2 2 ft
;577ft 877ft *580 585

2«*
' *374 374
42
42—
t 75
75
."71ft 71ft
•2 1 ft 22

41

921* 93
1-10 94
7-18 2 1
1 0 ?* • lif t
31
324
044
0556
HG4
1
87
87

H

93 V*
3-It

93
94
31ft
104
83ft
08%
18ft
87ft

21
H
10

m

22

27 7

Bid.

Ask.
Ask,
BO ND S
S T O C K S BO N D S Bid. AskB o m o n —Co nol tid ed .
Hi.
MISCELL.—Concluded.
Ogd & L C con 6 s.’20 A&O + 95
10
13
i n * Int But H & S M 44
24 3
In co m e 0 s ...,........ .1920
50
15
113 119
Marsden pref! (Phil) 100 40
R u tla n d 1 st 0 s ./0 2 M&N 1100“ 107
89ft 41
Mergenthaier.. { Boat) 100 190 191
Balt & O 2d pd. U“
2d 5s.................1898 F&A flOO
104
Morris Canal...(Phil) 100 50
B ob & Maine pf.(Bo
W e st E n d S t 5 s . .’02 M&N $105
“ 100 160
P re f...... .
280
Boston & Prov. “
4 4 s ......... ....1 9 1 4 M & S $.......
......
544
Catawl8sa..,,..(Ph
Osceola Mlnlng(Bost) 25 54
G old 4 s ..........1910 M&N $.......
52ft
Parrott Sil&Cop 44
10 234 24
1 st pref....... “
4s .......................1917 F&A $105
1 8
10
Pennsyl Salt... (Phil) 50 104
1 53 55 Pennsyl Steel!, 44 100 19 19%
B o n d a —B n l t i m o r e .
•40
32ft
P r e f!............. “ 100 89
14
1 11
Phll’delphia Co(Bost) 50 37
38 A tl& C h 1st 7s. 1907 J& J
Pullman’s Pal.. 44 100 186 1S8 I A tlG -L ig h tlstO sl 9 1 7J& D
1 .......
B a lt B e lt 1st 5s,1990M & N
.......
11S
Quinofr' Mining. “
25 110
City & Suburb.. (Balt)
B altC P asl8t58.1 911M & N
Reece Buttonh. 44
10
Conn & Passum(Bost)]
12
153
5 4 B a lt F u n d g 5s. 1910 M&N
255 260
5
Conn Riv. r —
“
1
Santa Tsabel G “
5
E x ch an g e 34S .1 9 3 0 J& J
Tamarack Mim 44
25 172 173
14
Flint A 1 ere M. 44 1 ' 13
B alt& O hio 4 s g .l9 3 5 A&O
37
39
United El Sec.. “
50
Pref.............. “
1
Pitts& C on 5 g. 1925F & A
135 136
P re f..............
44 100
G ’rmant’n Pass(Phll)
S ta t.lsl 2d 5 g . 1926 J & J
40
Water Power.. 44 100
Hestonv M 4 T “
R eceiv ers c e rtif 6s. J& D
3D
Welsbaeh Com!(Phil)100
' 67
P re f............
D o M ary lan d C o u str 5s. ...........
8J
P r e f ! .......... 44 100
....... ’l l
Hunt & Broad T “
D o P itts b & C on 5s.J& J \ ...........
....... 39
Westm’rel Coal(Phil) 50
P re f........... .
...........
D o M ain L in e 0 s ..
87ft
10
15
Wolverine Min.(Bost) 25 27
B & O S W lsU 4 g ,1 9 9 0 J& J
Wollaston L d. “
5
45
50
1
B alt& P lstO sm l 1911 A&O
; 53
1st 8s tu n n e l 1911..J& J
132 is T *
B o nd #—Boston.
B ai T ra c 1 st 5s. 1929M &N
154 155 |Am Bod Tel 7s. 1898 F&A 5 1 0 1 ft
Metropol 8 tT..,(J
E x t & Im p 0S.19O1A1&S
A T&S Fgen g 4s.’95 A&O | 83
94
Mlnehill 4 S H ,
50?* 56
No B altD iv 5s. 1942J& D
Adjustment g is ,.1995 | 71ft 72
53
Nesquehon’g V.
C onv’rtib le 5s 19O0M&N
30 ___ , B & M 3d is 7s.’02-07 MAN
C apeF& Y sr A 0g. 1910.1 &D
Boston Term'l 34s.. 194’ *109 i l l
98
Pref.
1st 6s ser B ..1 9 1 6 t r re c
Boa Un Gas lstSs/SO j& j
92
95
1 st 0s se r C ..1916 t r re c
2d M 5s........ 1939 J&J * 01
78
No & W Branch 44
77
C en t Ohio 4 4 » g -'3 0 M&S
.......
Bur& Mo Hiv ex’pt 0s.J&J *118
Penn & N W ... “
C entral R y 0 s ... 1912 J& J
Non-exempt 0a.’18 J&J *107
18
Phil & Erie.....
“
C onsol 5 s ... . 1932 M&N
Plain 4s........ 1910 J&J | 07
Phil Germ & N. “
1354
E x t & Im p 5s.l932,VI&S
Ch Bur& N 1st 5s.'20 A&O IlOSft 107
United N J ...... “
25SV* 259
CliarlC& A extO s. 1910 J &]
2d M 6 s....... 1918 J&D *101
105
United Tr of P. “
17ft 18
46
-1 0 ft Ch Bur & Q 4s.l922 F&A h oo
P re f..............
“
Iowa Dlv 4s.l919 A&O
99
105ft 106
Want End pref.(Best)
Ool&Grnvlst5-0.1917.J&J'
Ch icago Junc 5s. 1915 J&J ....... 1 in
West Jer A S S.(Phll)
51ft 53
Consol Gas 6s.. 1910 J &D
West N Y & Pa. 44
02
3ft
85
3ft Ch & No M gu 5h.’31 M&N
5s....................... 1930 J& D
3
Chi & W M gen 5s.*2l J&D
W lscon Central (Boat) 100
2
75
G a & Aia 1alpf5 s 194 5 A&O
3
Con. of Verm’t 5a/18 J&J
P re f..............
5
“ 100
74
75
G aCar& N Lst5s g. 1929J &.I
85
W o rN a s h & R . "
100 120 125 Curr’t, Rlv 1st 53/27 A&O
D G R & W lst4s/46 A&O
MISCELLANEOUS.
8? G eorglnP 1»t5-6s 1922J &J
G aSo& Fla 1 st 0s. 1045 J &J
Allouet MtniOK(Bost) 25
Domin Coal Iat0a/13M&8
4
3ft
L ak e R El ts1gu5s,42M &8
2
Am Ky El Lt.YtPhll)
2 ft East’n 1st 51 6sg/O0 M&S
Muc&N 1 st 4 4 « -190OM&S
Anaconda Min.(Boat) 25
F t Elk&M V 1st 0s’33 end 5 I 37
Unat’p’d lst0s/83 A&O §1374
M etS tf W a sh ) 1at Ds’25 FA
Anniston Land. “ 100
N ew Orl G as 1st 5 a ...V a r
IU in St 0 el 00 nv 5a. ‘ 10 J&J
Arnold Mining, “
25
15ft 18
N o rth C cn t 44s. 1925 A&O
1l l T
Debenture 5s. 1913 A&O 5 93
Ash Bed Min’g. “
25
2 ft
6s ........................A.&D
85
Atlantic Mlti’g. “
25 M * 2 0 ft K C C& 81st 5b g/25 A&O g 80
s gold 1900 ............J& J
Baltic Mining.. "
25 1'3
Wft KCFtS&G 1st 7a/08 J&D {115 1104
Balt Warcho’&elBalt) 20
E O F S&Mcoa 0S/28M
§103
0s 1 9 0 4 ...............
J& J
Series A 5s 1926....J& .T
Bay State Gas!.(Bofft) 50
1 ft K C M & B 1st 13./34 M&S 5 81
Series B 5s 1928....J & J
70
Income 5s,.. .. . . .. . . . .. .
Berg A Eng Br'w(Phli) 100
38
Ohio& M 1st7 S D19 0 5 A.l & N
98
K C&M Hy&B 5s/29 A&O 5101
P r e f..,........ “
100
P itta& C ou 1 st 7s 1898J& J
K C St Jo & C B 7s/07 J&J 5120
Boston Elec LL(Boat) 100 155
P i tt U n T ra c 5s. 1997 J& J 106 %
Lams’n St’re S Gs/09 M&8
5
Boston Land... “
10
L Rock& F 81 st 7s/05 J &J
P o tom V al 1s t 5a. 1941J &J
Boylston St L ’d 44
15
SecA vT u (P itts ) os’34 J &T)
L E&St L 1st 6 s g/ 2 0 A&G
40
Cambria Iron..(Phil) 50 6 8 ft
Saab & R oan 5s. 1928 .J&J
77
2d M 5-0 R....1938 A&O
76
Canton Co....... (Balt) 100
V trg M id 1 s t 0s. 1900 M&S
Mar H & Ont 8s../25 A&O $110
Centen Mining.(Best 25
2d series 0 a .. 1911 M&S
Mex Central 5s.l917A&0
2 0 ft
Central Trans. (Phil) 88
3d series 6 s .. 1910 M&S
4s g ..............1911 J&-J } 0 1 4
Domin Coal pf.(Bost)100 1114 1 1 2 ft
054’
100 180
lst.con inc3s guon-cum
13
14 I 4 th ser 3-4-58.1921 M&S
Edison El III...
5 th series 5s. 1920 M&S
2
2d con Inc 3s non-cam.. 5
25
Ft Wayne ElocT
1
V a (S ta te ) 3s n o w /3 2 J& J
25 14
14J* Now Eng Tele 6s/99 A&O 5100
Franklin Mln’g.
F u n d d ebt2-3s. 1991 J& J
6 s ............... 1907 A&O 5
0
French Bay Ld.
Va& T c n n 2d 5s. 1900 J& J
N Y&N Eng 1st 7s/05 J&J 5119
79
100
General Elect..
-a .........................1900 J& J
1 no
1st mort. 0«.. ..1905 J&J 4113
s

Bid.

SepC.

iVo

.....

119
100
101
115
122
107
117
78
1S......
i101

25

Pref.

t

i

h im

m

AN

in

)

ft

6

122ft
102
iiHft
82

102

115
102ft
116 i'osft
103
104
71
45
45 4.507
110
115 109
108
105
115
115ft
117
118
117
118
HO
n107ov^
108
83ft
SHft
120ft lUttft
100
113 USft
11314
119ft
100
110
100
105 105t*f
1.17
117 100
107ft
112
104 1049*
109
115
114
1021^
H70ft
2 104
79ft

, 06 Jan.
*!
Apr.
S 21ji Mur.
1217?* Mur.
>
Mar.
.! 215 Apr.
! 100 Mar.
83** Mar.
l 102 Mar.
-105 Alar.
i 83*$ Apr.
• 0 Feb.
Jan.
Jan.
08 Mar.
27?* May
Mmy
55 May

21H

4

75M Feb. 11
20 24?4 Feb. 14
12 24?* Feb. 23
29 250 Aug. 9
20 704 Sept. 10
‘2 227 Aug. 27
1 11714 Jan. 7
20 119J* Aug. 18
11 1204 Aug. 18
12 124 Aug. 22
21 115 Sept. 8
25 27 Aug. 24
42,4 Aug. 28
3 53 Aug. 11
28 108 Aug. 9
0 42 Aug, 26
25 034 Sept. 8
3 734 Aug. 25
lOMJuly 22 264 Jan. S
4 j2 A p r. 0 6 4 Jan. 12
76j$Jan. 14 83 June 30
10 Feb. 2-t;
Sept. 10
57,4 Mar. 26 7 0 4 Sept. 2
185?* Alar. 16 105 July 0
IS Jan. 4 384 Aug. SI
534 Mar. 12 6 O4 Feb. 7
Mar. 25 95 Aug. 29
7 13-10 Mar25| 119* Jan
6
I 8 .1* Mar. 28 27 1-10 Feb. 8
94 Mar. 25 14 9-18 Feb. 5
10 Mar. 25 3
Sept, 18
•17 Alar. 25 675$ Sept. 10
124 Jan. 3 214 Aug. 22
78 Mar. 25 87?* Aug. 11

52)4

27)4
37

4

84

42%

77

%

iH

295 Aug. 15
147 Aug. 28
1184 Jam 6
2304 Aug. 27
284 Feb, 2
000 Aug. 13
664 Aug. 18
26*4 Sept. 15
S8 H Sept. 8
434 Sept. 7
774 Sept. 6
744 Sept. 6
234 June 8
434 dan. 7
11^6 Jan. 11
144 Aug. 17
324 Maf. 2
224 Aug. 22
1*44 Sept. 16

IS M S ipt. 2

024* July 5
14 Jan- 3
324 Aug 25
53>* Aug 10

BO N D S

Bid. A sk

B a l t i m o r e —C onclu"d.
W e st N C con « s. 1914 J &J 114
W e st V aC & P 1 st0 g . ‘11J & J 108ft 109
W ilC ol& A ug 0s. 1910 J& D 117
W il & W eld 5s.. 1935 J& J 115
B o n d s —P h ila d e lp h ia
A tl C ity 1 s t 5s g ./1 9 M&N 107 ..........
B uffalo R y con 1 s t 5s. . ‘31
C ataw issa M 7s. 1900 F&A 105ft
55
C hes& D C a n ls t5 s /1 0 J& J 53
C hoc O kla & G p rio r lie n 6s 108
G e n e ra l 5 s .. ..1 9 1 9 J& J 108
C lt’s ’S tR y (In d )c o u 5 s /3 3 77 80
C olum 8 t R y 1 s t con 5 s /8 2
C olum O C ro sst ls t5 s ./3 3
C on T ra c o f N J 1 st 5 s ./8 3 10 8 ft 109
D el & B Bk 1 st 7 g /0 5 F&A
E ast& A 1 s t M 5 8 /2 0 M&N 1 0 9 ft
E d iso n E lec 5s stk t r c tfs.
E lec& P e o p ’a T r stk t r c tfs 92
9 2 ft
E lm & W ilm 1 st 6 s /1 0 J& J
In co m e 5s... .2 8 0 2 A&O 1 0 5 ft
E q 111 G as-L 1 st g 6s. 1928 100?* 107
H e sto n v M & F con 5 s / 24 n r , >«
H & B T op con 5 s /2 5 A \:0
I n te r n a l N av 0 s ........ 1906 100
K C Bub B 1 st 0S./2O J& D
K C P & G 1 st 5 s ./2 8 A&O 7 7 ft ' 78*'
L eh ig h N av 4 4 s . / 14 Q -J 111
R E i s g............1914 Q -F . . . . . . 108
C o n so le 's........1911 J& D
G en M 44s g . . 1924 Q -F 1 0 2 ft ..........
L eh V CT l s t 5 s g /3 3 J& J
9 4 ft
L eh V al e x t 4s.. 1948 J& D i n *
2d 7 s ................1910 M&S 127ft
C onsol 0 s........1923 J& D
116V*
122
A n n u ity 6s................. J&I)
N e w ark P a ss con 5s. 1980 112 11 2 ft
N Y P h & N o rls t0 s /2 3 J& J
N o P e n n 1 st 4 s ./3 0 M&N
G en M 7 s .......... 1903 J&.J
P e n n g e n 6s r . .. 1910 V a r;
C onsol 6s c . .. .1 9 0 5 V ar
C onsol 5s r — 1919 V ar
C o lla tT r 4 4 s g /1 3 J& D
P a & N Y C an 7 s ./0 6 J& D
C ons 5 s .......... 1089 A.&G
Cons 4 s .......... 1939 A&O
P e n n S teel ls t5 s /1 7 M&N
P eo p le ’s T r t r c e rts 4 a /4 3 104?* 1054
P e rk io m ls ts e r 5 s /1 8 Q-J 102
P h iJa E lec g o ld tr u s t c tfs
1014
P h & E r gen M 6 g /2 0 A&O 1014 1 194
G en M 4s g , ,19 2 0 A&O
P h & R ead 2d 5s.’33 A&O
132
C onsol M 7 s .. 1911 J& D
C on M 0a g .. .1 9 1 1 J& D
E x t Im p M 4s g /4 ? A&O 1034
Con M o f ’82 4 s /3 7 J& J 101
10-yr 8 f 5s g.1902 F&A
T erm in a l 5s g.194 1 Q-K
P W U & Balt. 4s. 1917 A&O
C ollat tr u s t 4s. 1921 J &.T
P itta C & S tL 7s. 1900 F&A
R ead Co gen 4s, 1997 J& J
82 %
R o c h e ste r R y con 5s. 1930 98
S c h R E S id e lst5 s g ’SSJ& D 1 054
U nion T e rm ’l 1st 5s.F& A
U n ite d N J 4 s .. 1944 M&S
U n T ra c P itts gen53’97.J& j 1064
i A nd a c cru e d in te re s t. T U nit ste d .
♦ Price in c lu d e s o v e rd u e couno u s ..

673

T H E CH R O N IC LE.

September 17, 1898. j

Itmestmetil
ilajlrorarl %u\z\\x%mtz.

L atest Gross E a rnings.
Week or Mo 1898.
1897.

ROADS.

-----

----

Ja n . 1 to L atest Date*
1898.

1897,

AND

$
$
$
Jack. T. A K. "W J u ly ......... I
29,547
20,179
217,,583
185,490
K anaw ’aAM icn Istw kSept]
11,448
10,918
373 664
352,469
K.C.F. Scott AM. 4th wk A u g
117,314 126,144 3,089 947 2,977,611
26,402
K.O.Mem. A Bir. 4thwk Aug
26,978
939 855
738,345
25,479
Kan. C. N. W .... August . I
34,702
220 660
221,745
Kan. City AOm. lstw k Sept;
4,855]
6,803
164 612
167,701
72,277!
K. C. Pitts. A G. 2dwk SeptJ
59,989 2.253 ',782 1.468,407
Kan.C.Sub.Belt. lstw k Sept! ’ 12,198|
*8,810
"329 ,308
*249,830
Keokuk&West.c 4th w k A u g
18,255
20.056
359 939
362,743
L. Erie A West. Istw k S ept
71,9711 71,969 2,30 <. 179 2,305,195
Lehigh A H ud.. A u g u s t___ I
32,829
33,623
242 923
234,170
Lehigh Val. R R J uly......... i1,703,086 L607.171 10,132 673 9,749.694
Leh. v. Coal Co 'J uly......... 1,432,937,1,455,761 7,924 064 7,833,836
L e x ’gtonAEast. July
18,720
16,716
124 522
121,527
Long IslandRR. A u gu st____I 6 3,550
546,278 2,969 562 2,754,076
Long Is. System. A u gu st___ I 690,017| 635,982 3.253 016 3,040,595
Los Ang. Term.. I u ly.......... | 10,416'
11,419
49 506
51,168
Louis. Ev.ASt.L, 'ls tw k Sept
30,313 1,015 962
32,389;
939,786
Lou. H. ASt. L .. 4tliwk Aug
15,530
19,189
323 1 0 2
304,414
1
Louisv.ANashv. lstw k Sept! 426,750 414,555 15,007 919 13,767,503
Ro ads
Macon A B irm . A u gu st___
4,376
4,763
34 ,826
37,436
1897.
1897.
1898.
1898.
M anistique...... August ...
7,560
10,061
79, 376
86,258
{M exican Cent.. Istw kSept 231,920 213,353 9,032 ,566 8,721,538
a*
*
* $
2 6 8 ,0 1 0 240,045 1,933 ,988 1,782,811
15,034
15,023
124,125
115,353 M exican InterT. J u ly .........
■i" i y .........
95,208 4,126 ,985 4.051,137
Istw kSept
31,819 1,155,157 1,045,975 {M ex. National. Istw k S e p t 100,987
32,119
44.352
48,715
228, 793
Ala. Midland..
J uly.........
67,97 6
58,829
474,766
271,749
394,066 Mex. Northern.. M ay .......... I
{M exican R’wav W kAug.27 j
73.000 2,708 990 2,462,500
76.000
Pac. June.
Mexican
So......
17,073
4th
wk
Aug
15,400
447, ,232
4thwk Aug
46,000
920.622
480,214
38 000
819,577
15.743
13,386
20,000
Ala. & Vicksb. U h w k A u g
v 0,000
4*28,833
362 831 M ineral Range. T u n e........ I
52,970
51,731 1,411,144 1,334,279
Vicks Sb
P. Ith w k A u g
22,0 00 ,
21,000
423,713
332,510 Min neap. A St.L. (Istw kSep t
St.P.AS.
8 t.M.
76,v05 2,540/>36 2.304,046
(Istw
kSept 103,994
219,557 218,082i 1,488,179 1,369. **1« M.
•Allegheny V a l.. J u ly .........
Ann A rb o r........lstw k Sept
26,258 24,292 979.138 863,173 Mo. Kan. A Tex. !lstw k Sept 233.893 256.618 6,896,123 6,981,600
6,977
7,969
62,045
A rk .M id la n d ... J u ly .........
52,436 Mo.Pao.AIronM -Istw kSept 502.000 515,000 17,107,114 ,15,442,242
Central B r’oh. 'Istw k S ep t
22.000
26.000
902,354 1 724,811
Atch.T. AS.Ee.<5J u ly ......... 2,766,993 2,594,231 21,555,336 18,675,231
Total........... 'lstw k Sept 524.000 541,00*" 18.009,468 16,172,053
Atlanta <fe Char M ay.........
124,590 121,425;
668,297
682,954
Mobile
A
Binn..
5,653
5,023
Istw k S ept
233,074
A tl.K n o x .& N o . J uly.........
24,218
195.760
176,461
24,558!
149,811
37.759
Atlanta & W. P. .June........
39,490
273,128
264,035 Mobile A Ohio.. A u gust____' 334,800 312,108 2,746,444 2,488,580
10,617
998,640
Atlan. & D an v.. Istw kSept
10,742
378,5611 355,53 L Mont. <fcMex. G’f. August____‘ 116,260 120,018
915,085
Nasli.(Jh.A3t.L A u gust____1 525,932
490,718 3,811,183 3,521,096
9,165
A u s tin & N ’west J u ly ......... 1
8,865
6,163
20,338
3,777
Balt. <sc O h io .... J u ly ....... 2,305,991 2,245.492 15,,914,3*70 14,314,261 NevadaCentral. M a y .......... i
13,642
Bai. & 0 . Sou’ w. lstw k Sept 190,147 140,767
,699.290 4,220.349 N. Y .C .& H .R -. August ...13,978,837 4,246,879 29,4 49,477 29,220,805
75,866 2,540,318 2,638,377
78,215
Bath & Ham ’nds J uly.........
1,732
11,769;
2,169
12,350 N. Y. O n t.A W . . Istw k S e p t
863,250
1,530
1,886
Bir. & Atlantic. A u gu st___
15,876
826,663
13,865 N. Y.Susq. A W. M ay .......... | 185,850 181.922
216.619 7,494,170 7,209,303
Brunaw’k&West J u ly......... !
55,216
50,938
353.458!
3 21,744 Norfolk A West. Istw k S e p t 246,422
4,0 75
3,557
32,481
74,209
Buff. Roch.afePitt lstw k Sept
71,090
,562.980 2,245,654 Northes’n (G a.). J u n e .........I
27,879
45,870
50,230
162,676
Buffalo & Susq.. J u l y ........
49,659
50,559
160,159
318,461!
320,568 Nortlie’s’niS.C.) Maroli....... I
530,815 547,6-7 3,543,309 3,574,088
Bur.O. Rap.& N. 4tbwk A u g 173.770; 138.316
,687,269! 2,550.540 North’n Central. J u ly .........
495,828 14,990,033 11,809,619
OanadianPacitic lstw k Sept 518.0 0 492,00
,326,382 14,543,811 North’n Pacific. lstw k Sept 596.127
lstw k Sept
27,416
27,415
620.993
Car. Midland... Au gust___
4,150
37,784
3,998
620,980
34,230 Ohio River
12,724
14,893
127,864
Cent.of Georgia lstw k Sept
7 4 ,3 4 6 10^,367
__
,392,59 o' 3,228,310 OhioRiv.AChas. A u gu st____I
112,050
2,800
12,255
1,901
Central of N. J.. J uly......... 1.034,644 1,239,433
,782,401 6,766,031 Ohio R lv .A L .E . M a y .........
10,809
Ohio Southern.. August ...
418.121
5 4,172
57,938
Central Paciiic. July. ...... 1,300,119 1,400,578
412,224
CJharlest’n&Sav J u ly .........
49,296
11,533
14,246
158,55
39,866
114.754
435,848
389,497 Om.Kan. O .A E . 2dwkM cli.
Cbas’n W.Car. M arch......
87,529
79,564
260,457
241,186 O reg.R R .A Sav. lstw k Sept 164.714 162.923 4,529,349 3,135,588
Chattaa’ga 8 0 .. 4th wk A u g
1,822
565,673 559,342 3,619,126 3,265,347
2,025
46,005
50,210 Oreg. 81l Line.. J u ly .........
Ches. <fcOhio— lstw k Sept 224,768 216,805
,955,580 7,530,565 Pac. Coast Co.. J u n e .........1 439,131 311.908 2,731,643 1,003,595
Chic. Bur. <fe
J uly......... 3,086,197 3,043.059122],937,948 19,98 4,906 Pacific Mail...... J uly.........
330,057
471,595
Chlo. East.111. lstw k Sept
99,668
80,605 2, 798.786 2,5-5.223 Pennsylvania).. J u ly.......... 5,162,295 5,480,395 36.525,706 35,069,906
PeonaDeo.AEv.
591,799
Istw
kSept
18,60
L
20,288
Ohio. Gt. West’D IstwkSept 115,794 115,464 3, ,616.601 3,273,575
613,240
O hio. Ind. & L . lstw k Sept
72,632
«>9,176 2, 197,483 2.058,944 Petersburg...... J u n e ........I
60,427 52,149
343.937
311,713
Phila.
A
E
r
ie
...
Chio.Mil.&St.P. lstw k Sept 813,229 746,95 7 22 ,127,591 19,989,450
2,252,738 2,255,445
J u ly.........! 369,516 391,338
C h ic.& N ’thw’n. J uly........... 2,819,284 2,944,013 19,,813,939 17,280,822 Pliila. A R ead... J u n e ........ 1,820,264 1,678,8U0 10,100,069 9,398,701
Coal A Ir. Co. J u n e ........11,595,103 1,879,290 9,526,671 9,065,652
Chlc.Peo.&St.L. August_______________ 65,138
6\235
533,046
523,951
Tot. both Co’s. J u n e ......... 3,415,367 3,558,090 19,627,340 18,464,353
Chlo.R’ k I. & P.. July.
1,786,577, 1.661,773
.180,454 9,542,741
Phil.
R. A N. E . J u ly ........................... 49.034
Chio.8t.P.M.&0 J uly.........
712,200 657,115
57,104
353,666
345,023
,436,746 4,103.980
Chlc.Ter.Tr.RR. lstw k Sept
21,6571
22,203
815,778 5,570,001 5,091,861
782,186
715,997 PhlL Wilm. A B. J u ly ........................... 928,878
Pitts.O.C.ASt.L.
47,307
J u ly ......... 1,231,892 1,171,245 8,771,176 8,009,418
Ohio. <feW. Mioh. lstw k Sept
33,639
,253,786 1,064.866
Choc.Ok.&Gulf. J u ly .........
121,214! 104,557
3,794
29,270
2,570
28,056
861,087
580,002 Pitts. Lisb.A Wn A u g u s t....
Oln.G.APorts’th J u ly .........
5,488!
181.343
60,722
830,079
380.724
5,577
32,444
33,427 Pitts.Bes.AL.E. A u g u s t___
CJji .N .O . & T . P . August___
415,135 304,707
34,562
36,644 1,199,648 1,143,851
,001,156 2,336,516 Pitts. A Wes’n.. lstw k Sept
Pitts. Cl. A Tol. lstw k Sept
cln.Ports.<fc Vir. March......
22,716'
19,362
721,401
19,412
19,580
568,270
52,283
61,408
Pitts. Pa. A F. Istw kSept'
Clev.Can. A So.. U h w k A u g
22,820;
242,914
7,185
17,959
8,658
228.725
458,973
401,708
Total
system. lstw k Sept1 61,109
OLCln.Oh.ASt.L lstw k Sept 368,567, 285,945,
64,882 2,170,849 1,946,570
,718,738 9,063,300
P e o .A E a s t’n. Au gust___
162,428 175,327! .21 ">,622 1,103,227 Pittsb.Yo. A A .. Ju n e ........1 148,885
714,387
182,520
583,313
Cl. Lor. AW heel. 4thwkAug
43.830
75,357
520,444
430,324
57,977
36,386
973,237
794,70 4 Rich. Frias b A P. J u ly .........
CoL M idland.... August___
204,124
126,663 lo7.892
37.774
31,254
178,520
,036,217 1,116,366 Rich. A Petersb. J u n e ........
Col. H. V. A T o l. Au gust___
175,562
247,739 147,452
28.613
37,005
133,463
,675,405 1,418,558 Rio Grande Jot. J u n e ........
Col. Sand’y A H. Istw kSept
18,419
311,633
8,914
8,115
247,080
11.744
569,023
445.103 RioGrande 8o *d Istw kSept
Colusa A Lake.. August___
1,609
49,100 2,155,665 1,808,892
50,300
2,400
11,459
13,355 Rio Gride West. Istw kSept;
Crystal..............July...........1
1,324
29,404
793,467
29,813
738.760
1,452
8,490
7,110 8 t. J o s .A G r.I... lstw k sept
OumDTd Valley J u n e ........
76.411
218,406
31,900
189.754
24,804
82.797
388.721
360,226 St. L.Clii-ASt.P. A u gust___ I
Denv. A Rio G r lstw k Sept 170,300 161,200
41,737
5,60§
5,265
36,393
.516,229 4,697,231 St.L.Ken'etA So A u gust___
Des M. N. A W .. July.........
35,0-7
35,485
294,686
228,452 8 t.L.ASanFran. lstw k Sept I 127,797 129,155 4,488,038 4,134,104
St.L.
Southwest.
Det.G.Rap. A W . lstwk Sept
33,852
3,268,640
95,203
28.161
92,976
Istw
k
S
e
p
t
2,846,871
990 598
849.126
Det. A Lim a No. 'lstw
* k
’ ~
Sept
971,502
9,275!
138,570
159,935
916,930
8,449
290,231
163,992 St- Paul A Dul.. A u gu st___
Det.A Mackinac July.........
121,283
45,9 '-7
38,626
139,875
327,3 s i
30 <,915 San. Ant. A A. P J uly.........
Duluth S.S.AAtl U h w k A u g
66,253!
544,355
89,931
505.631
83,318
61.18 1
,205, *63 1,032,124 Sa n F ra n .A N .P . A u g u s t....
ElginJoi.AEast. July.........
528,334
98.814!
6 4,00
455,352
52,000
90,037
851,948
654,786 S. Fe Pres. A Ph. A u gust___
E rie.................. J uly......... 2,570,09 6 2,850,894 18,,069,1+93 17,747,004 Sav.Fla.A West. J u ly .........
421,067 255,464 2,482,380 1,990,108
Eureka Springs. J u n e ........
Sher.Shrev.A
8
0
.
171,522
4,338
4th
wk
A
u
g
8,471
8,659
163,398
4,676
28,798
25.924
RvaDs.AInd’pliH lstw k Sex>t;
7.757
160,153
27,713
14,909
115,498
6,695
20 i,052
194,555 Sil. Sprs. O. A G. J uly.........
Evansv. & T. H. lstwk Septi lUl
25,384
1,400
25 031
6,054
810.839
730.103 S U verton ......... July.........
Fitchburg......... J u ly ......... i 605J86
20,763
111,981
16,955
100,871
630,645
3,909,005 Sioux 0. A N or. J u n e ........
,997,799
Flint
P.M arq IstwkSept
61,674
12,454
3,100
2,535
55.944
10,788
,972 4 15 1,825,043 So.HavenAEast u n e ........
Fla.Cent.A Pen, 1thwk Aug;
81,047
51,741
,071,935 1,519,895 So. Pacific C o .Ft.W ’thADen.O. 4tliwk Augj
G
al.H
ar.A
S.A
2H,486|
393,682
J
u
ly......
340.702
35.6211
8 43.794
711.551
Ft. W. A Rio Gr IstwkSept
Louls’a. West. J uly......
7,438,
103,836
76,587
7,969
287,359
193,139
Gads. A Att. U. A ugust___
Morgan’sLAT. J u ly......
53s
5 46,984 401,174
627!
4,804
b."30
Georgia H R ...... lstw k Sept
N .Y . T. A M e x July......
22,29 i!
24,344
30.691
25.373
972,274
982,103
Georgia & A la .. 4tliwk A u g 1 26,445
Tex. A N . OrL. July......
120.674
160.428
22,931
78 4,658
656.746
G a.C ar’la A No. J u n e ........
Atl. Prop'tes.t July......
52,919
1,247,499 983.703
57,533
403,494
42 7,609
Geo. So. A F la.. A ugust___ !
So. Pac. of Cal. July......
7<*,429!
1,091,302 1,300.317
72,430!
641,061
553,979
G r.Rap. A Ind.. Istw kSept1 46,802!
So.Pao.ofAriz. J uly......
39.862
191,649
176 034
,443,380 1,299.340
Uln.R.<fc Ft.W. lstw k Sept1 10,038!
So.Pac.ofN.M. J uly......
108.480
94,385
7,959
303,812
270,276
Traverse City. lstw k Septi
Pacific system July......
7581
2,969,330 3.299,560
753
27,821
2 0 ,7 9
Mus. G. R. A I . lstw k Sept,
Total of all./ J uly......... 4,466,568 4,52 ;,208 31,776,339 26,901,422.
3,140
2,998
84,787
76.939
Tot alllines. lstw k Sept’
60,738
lstw k Sept 491,579 426,822! 14,594,221 13,022,705
51,572
,859,800 1,673,133 Southern
Gr.Trink Syst’rn lstwk Sept j 535,185 546,433
17,312
19,219
9,425
7,498’
,768,485 15,059,277 StonyCl. AC.Mt. J u ly .........
C hlc.AG r. Tr. 3dwk Aug.
61,718
166,066
140,005
5.447
4,638
64,073
,314,827 1,878,<;83 Texas Central.. 4th\vk Aug
Det.Gr.H.AM . 3dwk Aug.
21,593
22,332
583,600!
603,249 Texas A Pacific. lstw k Sept 125,642 132,761 4,649.029 4,216,354
Great North’n 29,662
Tex. 8 . V. A N.W. August ...
21,281
4,691
3,127
St. P. M. A M. A u gust___ 1,508,040 1,451,631 10,777,188 9,026,646 Toi.&OhioOent. lstw k Sept
1,215,930 1,059,086
23,20
30,213
East of Minn. A u gust...
28 7,6 01 154,319 1,217,824
578,036
617.303
30,230
989,873 Tol. P. A West.. 4tUwk Aug
29,2)9
Montana Cent A ugust___
115,120 171,636 1,309,123 1,299,223 Tol. St. L. A K.O. lstw k Sept
48,155) 1,483.767 1,494,617
50,335
Tot. system Au gust___ 1,940,761 1,777,586 13,304,134 11,315,742 Union Pac.R R.. J uly......... 1.485,810 1,399,180 9,156,389 8,136,012
G 'lfB ’mntAK.C. August___
16,361
71,017 2,379,596 2,133,471
76,422
12.150
82,793 U n .P.D eu .A G .. 1thwk A.tig
114,617
G ulf A Chicago.
^ __.......
July.........
3788
Wabash....... .
2,851
23,548
lstw k Sept 285,576 276,984 9,033,062 7,858,525
27,258|
HoOB.Tan.AWll. July.........
4^439
97,518
78,751
12,136
9,221
Waco A North w J u n e ........
6,226
29,6
28,866!
Hous.ATex.Oen J uly.........
213,485 208,922
334 173; 1,418,633 1,361,302
W.JerseyA 8 ea’e J u ly .........
359,8 0
Illinois Central! August___ 12345894 !2175681 *17628 4871 t 14861450
673,36
i
654,266
100,209|
W.V.Cen.APitte J u ly .........
97,495
Ind. Dec. A West. |A p ril........
35,750
185,352
182,233
33,587)
31,674
WestVa.APltts. J tin e........
32,218
137,484
140,363|
Ind.111. A Iow a. Inly.........
59,594
303,208
303,654
43,484
448,0 *7 Western of A la. J u n e ........
43,477
51,935
504,077:
In.AGt,North’n. lstw k 8ept
0»,787
80,527 2,136.370 2,141,283
92,200 110.900, 1,943,135 1,876,337
West. N.Y. A Pa. 4th wk Aug
llnteroc. (Mex.) W kAug.27
59,2u0
979,840
054,119
17,123
50.490 2,090,500! 1,738,980 Wheel. A L. Erie lstw k 8i*pt
29,169
Io w a Central... |lstw k Sept
47,784
27,433
38,145 1,270,8581 1,035,112
34,497
Wllkesb.AEast. A p r il. . .. . .
205,092
186,357
Rail w a y ...1August
4,156
56,180
3.3 »2
23.642 WlRCoL. A Aug. M aroh......
69,270
<2,962

R A IL R O A D E A R N IN G S .
i'iie%following table shows the gross earnings of every
jTEA.ii railroad from which regular weekly or monthly returns
saq be obtained. The first two columns of figures give the
gross earnings for the latest week or month, and the last two
columns the earnings for the period from January 1 to and
including such latest week or month.
Hie returns of the street railways are brought together sep
sirately on a subsequent page.
Latest Gross E arnings.
Week or Mo

j

Jan. to L atest Dale

)

l

<Sc

&

O.d

)

J

&

R y.g..

)

'5

b

Iron

...J

THE

574
Roads.

CHRONICLE

Jan, 1 to Latest Dale.

1897.
1888.
1 8 9 7 . j 18 98 .
$
$
*
$
Wisconsin Cent IstwkBopt 105.5*0 114,693 3,279,839 2,909,3s t
41,073
WrightevA'IVn J u n e .........,
5 ,9 2 6 j
5 ,3 6 4
38,934
York Ssnliisrn J 111V........ 1
5.187J 40,908'
36,244
5.083
WeeJtorlfo

■1th week o f Avguit.

S a n , ft t v F t. 8 . A. M em .
K an , O, M em . A B l r m ...
M ex ican R a ilw ay ............
M ex ican S o u th e r n ...........
A B irm in g h a m ..
a
Thus© ikurw include resuite ou leased imes. t>includep earning6 MRioobile
G ra n d e W e s te rn ___
fro m ferric. e u \ , not given separately, c Inotudee Dea Mol nee «& S h eru m u S h ro v e , A S o ...
Kaunas City for ail periods. d includes operations of tiie Oliio. Bur­ T e x a s C e n tr a l.....................
lington A Northern in both years. t Includes results on A. T . & 8. Co led o P e o ria A W est.'n.
F e , Gulf Col a* k Fe, S. Fe Pnelflo 'old Atlantic «fc Pacific* and 8o. O n. P a c , D en. A G u lf___
Ca). By. f Includes the Pacific system, the Atlantic properties and.
th e Houston A* Texas Central system. g Beginning July, earnings of
T o ta l (90 r o a d s ) ...........
M em p h is Division and Mlddj esboro ugh As Aiken bran olios arc included N e ttn o r e a s e 8-79 p. o.i.
for both rears. h Passenger earnings in 1 8 9 7 were Increased by

G A. B Encampment in Buffalo.

[VOL, LXVIl,
1898.
1897, Increase, Decrease.
*
*
$
$
H 7,314 123.141
8.8 <0
26,0 7*
26.40.
57673,000
7ti,00f
3,000
15,41
17,073
1,673
7,1: >5 111.201
. 5,73!
1,724
111.70L
500
i 8,659
8,471
168
4,63s
5,447
809
30,230
29,25* 71,01.
971
5.496
7tf,W
12 913,551 11,794.045 1,336,91) 242*435
—
l,154,50t
...

• R e s u lts o n K a n sa s C ity Jk in d e p e n d e n c e A ir L in e a r e n o t In c lu d e d
f o r e ith e r y e a r.
t I n c lu d e s C h e s a p e a k e & O h io So* w e s te m fo»* b o th y e a rs , b u t O h io
V a lle y a r d C h ic a g o mi T e x a s fo r 1 8 9 3 o n ly . R e s u lts o u Z azoo B ra n c h
e x c lu d e d a f te r J u l y 1, 1898.
j M e x ic a n c u rre n c y .
11 C o v e rs r e s u lts o f lin e s d ir e o tly o p e ra te d e a s t o f P itts b u r g .

Net Earnings Monthly to Latest Dates.—The table follow­
ing shows the gross and net earnings of Steam railroads
reported this week, A full detailed statement, Including ail'
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
'his kind will be found in the C h r o n i c l e of August 27, 189,8.
PLatest Dross Earnings by Weeks —The latest weekly earn- The next will appear in the issue of September 24, 1898.
— Gross Earnings.----, .----- Net Earninai.---- .
ngs in the foregoing are separately summed up as follows:
1898.
1897.
1 8 97 .
1 8 98 .
For the first week of September our preliminary statement
$
Roade.
$
$
$
9 ,1 65
covers 67 roads, and shows 6'15 per cent Increase in the A u stin A N o rtw 'n . b J u ly
« 8 ,8 6 5 d e f.1 ,6 9 4 d e f . 1 ,9 2 2
1 4 2 ,6 3 6
B alt. A O hio S o u th .b .I n ly 5 0 7 ,2 3 4
9 1 ,3 9 5
5 3 5 ,9 9 3
aggregate over the same week last year.
9 9 9 ,9 9 0
J a n . 1 to J u ly 3 1 . . . . 3 ,8 9 4 ,4 8 2 3 ,5 0 3 ,9 6 7
9 4 5 ,5 1 5
1

*( week of September.

1898.
s

3 2 ,119
A la b a m a G t. S o u th e r n ..
A nn A rb o r___ _
2 6 ,258
1
0 .742
A t l a n t i c * D a n T ille .........
1 9 0,14 7
B a lt. A O hio S o u th w e s t.
7 1 .0 9 0
Buff. B ook. A P itts ...........
5 1 8 .0 0 0
C a n a d ia n P a o i f i o - ...- ....
7 4 ,3 4 f
C e n tra l of G e o rg ia ...........
22 4 .7 6 8
O n e s a p e a k e * O h io .........
9 9 ,0 6 8
C h icag o A E a s t. Illin o is
11 5.79 4
O hio. G re a t W e s te rn ........
72 ,632
C h ic J e d la u ’lis A L o u lsv .
81 3,22 9
C h ica g o M tlw . A S t. P a u ;
2 1 ,6 5 7
C h ic. T e rm . T r iio s f e r ...
C h ic a g o * W. M ic h ig a n ..
4 7 ,3 0 7
3 6 8.56 1
C lev. G in. O hio. A S t. L ..
18 ,419
C ol. B a n d n sk y A Hocfc’g .
1 7 0 ,3 0 0
O e n v e r * R io G ra n d e ..
3 3 .8 5 2
I ie t. G d. B a p . A W e ste rn
9,2 75
G e t. * L im a N o r th ........
7,75 i
B v a n sv . * In d ia n a p o lis ,
2 5 ,3 8 4
E v a n s v . A T e r re H a u te .
61,674
F lin t A P c re M a r q u e tte .
7,4 3S
F t.W o r th A R io G ra n d e
22,294
G e o rg ia ..................... ...
4 6 ,f 02
G ra n d R a p id s A In d ia n a
10,038
C m . R ic h . A F t. W ayne
758
T ra v e r s e C ity ...................
3 ,1 4 0
M u s i. G r. R a p . & I n d ..
G ra n d T r u n k ..................... /
5 3 5 ,1 8 5
C hic- A G ra n d T ru n k I
D e t. G d. H . A M ...........J
I n te r n a tio n a l A G t. N o.
6 9 .7 8 7
I o w a C e n tr a l.......................
4 7 .7 3
11,44?
K a n a w h a A M ic h ig a n ...
4,855
K a n s a s C ity A O m a h a ..
7 0 ,125
K a n . C ity P itts b . A G u ll
K a n . C ity S n b . B e lt.........
1 2 ,195
R a k e E rie & W e s te rn —
7 1 .9 7
I/lo ls v . E v a n s v . A S t. L
3 2 ,389
4 2 6 ,7 5 (
Iio n is v llie A N a s h v ille ..
2 3 1 ,9 2 0
M e x ic a n C e n tr a l.................
10 0 ,9 8 7
M e x ic a n N a t i o n a l ...........
5 2 ,970
M in n e a p o lis A S t. Lomls
10 3 ,9 9 4
M in n . B t, P . A 8. B t». M .
|2 3 3 ,898
M o. K a n s a s A T e x a s ___
5 0 2 ,00 (
M o. P a c ific A I r o n M t ...
22.000
C e n tra l B ra r l i ............. .
5,0 2 3
M o b ile A B ir m in g h a m ...
7 8 ,2 1 5
» . Y, O n ta rio A W e ste rn
24 6 ,4 2 2
N o rfo lk A W e s te rn ...........
5 9 6 ,1 2 7
N o r th e rn P a o i f i o ....___
2 7 ,4 1 5
O hio R iv e r .............................
1 6 4,71 4
O reg o n H R . A N a v ............
18,601
P e o T la B e c . A E T a n s v ...
6 1 ,109
P itts b u r g A W e s te rn .........
8,9 1 4
B io G ra n d e S o u th e rn —
5 0 ,3 0 t
R io G ra n d e W e s te rn -----29,404
B t. J o s e p h A G d. Is la n d
12 7 ,7 9 7
S t. L o u is A S a n F r a n ... . .
9 5 ,203
B t, L o u is S o u th w e s te rn .
4 9 1 ,5 7 9
B o n th e rn R a i l w a y ...— .
12 5,64 2
T e x a s A F a o llio ....... ..........
3 0 ,2 1 3
T o le d o A O h io C e n tr a l..
50 ,336
T o led o S t. L . & K a n .C ity
2 8 5 .6 7 6
W a b a sh ....................................
2 9 ,169
W h ee lin g A L a k e E r ie ..
1 0 5,58 6
W isc o n sin C e n tr a l.............
T o ta l (67 r o a d s ) ............. 8,2 6 1 ,0 6 0
N e t In c re a s e (6 T 5 p . o.)..
.............

In c r e a s e .
1897.
$
$
30 0
3 1 ,8 1 9
2 4 .292
1,960
10 ,617
125
4 9 ,380
14 0 ,7 6 7
3 ,1 1 9
71 ,209
49 2 ,0 0 0
26.00C
10 6 .3 6 7
32,6*21
7,P63
2 1 6 ,8 0 5
80 .605
19.063
115,464
33 0
6 9 ,1 7 6
3,4 5 (
7 4 6.95 7
6 6 ,272
2 7 ,2 0
546
13.638
3 3 ,6 3 9
8 2 ,6 2 2
2 8 5 ,9 4 5
11 ,744
6,6 75
9,10(i
1 6 1 ,2 0 ,
£8.161
5.6 91
8.4 49
82 6
G.KP5
1,0 62
2 5 ,034
35 0
5,730
.55,944
531
7 ,9 6 9
8,3 9 7
3 0 .(9 1
6.9 4 0
3 9 .8 6 '
7,05?
2 ,0 79
75?
5
142
2 ,9 9 8
5 4 6,43 3
1 1 ,2 4 8
80,527
1 0 ,7 4 0
3 8 .1 4 '
9,6 39
10 .918
53 0
____
1 ,9 4 8
0.5 03
17 ,934
5 2 ,1 9 1
8,8 10
3,3 8 8
2
7 1 ,9 6 9
2,07fc
3 0 .313
12,19f
4 1 4 ,5 5 5
1 8 ,567
21 3 ,3 5 3
5,779
9 5 ,206
1,239
5 1 ,73
27 ,189
7 0 ,8 0 5
2 2 ,720
2 5 6 ,6 1 8
1 3 ,0 0 0
5 1 5 ,0 0 0
4 ,0 0 0
2 6 ,0 0 0
5 ,6 5 3
630
2,3 49
7 5 ,8 6 6
2 4 6 ,0 1 9
197
100*299
4 9 5 ,8 2 8
2 7 ,4 1 6
**i*,79'i
1 0 2 ,9 2 3
1,0 8 7
20 ,288
6 4 ,8 8 2
3 ,7 7 3
799
8,1 15
4 9 .1 0 0
1,200 !
2 9 ,8 1 3
40 9
1 2 9 ,1 5 5
1 ,3 58
2,227
9 2 ,0 7 6
4 2 6 ,8 2 2
0 4 ,757
*7*119
1 3 2,76 1
"7,6
o4
2 3 .2 0 9
4 8 ,4 5 5
1,880
2 7 6,98 4
8,5 92
17,128
12,041
11 4 ,6 9 3
9,1 07
61 1 ,2 2 2
7 ,7 8 2 ,3 8 9
13 2 ,5 5 1
4 7 8,67 1

For the fourth week of August our final statement covers
90 roads and shows 9’79 per cent inorease in the aggregate
over the same week last year.
4(A

week of A vault.

1898.

1897

*

*

Increase. Decrease.
%
$

Previously re p ’d *70 r’ds 1 1 ,9 6 1 ,7 5 5 1 0 ,903.53C 1 ,2 8 7 ,5 9 8
A Ja. N o. A T e l P a c .—
3 8 .0 0
8 ,0 0 0
4 6 .0 0 0
New tire. A No. Ea(t...
2 0 .0 0 0
2 0 .000
WAla. A Vicksburg........
2 1 ,0 0 0
2 2 ,0 0 0
1,000
9 V icks. 8 b . A P a c .. . . ..
1 4 3 ,5 2 4 1 2 4 ,9 0 0
18,624
c e n tr a l of G e o rg ia ...........
2*025
1,8 2 2
Chattanooga Southern..
70 .312
4 8 .765
2 1 ,557
OiieagoA Weft Miobiga
17,956
4 ,? 6 '
2 1 ,3 2 0
Ciev. Canton A Soutli'n.
4 0 ,3 5 i
4 6 ,8 2 2
6 ,4 6 8
Det. G d. Rapids A Weed
8 1 ,047
5 1 ,7 4 1
2 9 .3 0 6
Fla.
Cent.
A Peninsular
59 20 0
5 0 ,4 9 0
8 .7 1 0
InteToeeapio esfex . 1.

2 2 9 ,3 7 3

20 3

6 3 7 ,0 1 2
C e n tra l P a o itte .b ___J u ly 1 ,3 0 0 ,1 1 9 1 ,4 0 0 ,5 7 8
5 2 1 ,3 3 3
2 0 ,9 4 4
1 3 4 ,5 5 2
1 7 .6 5 3
C hlo. A W e st M io h .. J u ly 15 4.9C 4
1 5 5 .8 5 8
1 6 9 ,1 5 2
8 8 B.0 6 1
J a n . 1 to J u ly 3 1 . .. . 1 ,0 1 7 .2 9 5
1 2 ,6 4 5
1 2 ,9 8 8
C onsoL G as C o .,N .J.A u g .
2 9 ,3 2 2 '
3 2 .6 8 0
J a n . 1 to A u g . 3 1 . . .
3 0 ,7 9 4
1 8 ,9 3 3
D et. G d .R a p . A W .a .J u ly 1 1 6 ,0 5 5
1 0 0 ,0 4 6
1 4 8 ,2 6 0
7 0 0 .8 5 1
1 8 1,05 1
JJa n . 1 to J u ly 3 1 . . . . 8 2 6 .1 5 2
1 0 ,0 7 1
1 2 ,9 4 5
D e tro it A M ac k ’o .a J u ly
4 \8 5 7
3 8 ,6 2 6
1 3 6 ,8 5 9
8 1 ,1 8 1
3 0 2 ,9 1 5
J a n . 1 to J u ly 3 1 . .. . 3 2 7 ,3 8 1
F o n d a J o h n s t. A G lo v e rsv .—
3 4 ,4 4 1
2 2 .2 2 9
6 5 .0 0 7
69,171
& & A p r. 1 to J u n e SO___
5 3 ,2 2 5
3 6 ,1 1 3
1 2 0 ,2 7 8
J a n , 1 to J u n e 3 0 ___ 1 1 9 ,6 9 9
1 5 ,8 8 0
2 1 ,1 0 2
8 2 ,6 2 7
9 4 ,8 7 1
G eo rg ia A A la b ’a .a .J u l y
1 5 8 ,1 3 9 1 2 0 ,1 2 8
5 7 9 ,2 7 1
J a n . 1 to J u ly 3 1 . .. . 6 8 8 ,2 7 6
3
6 ,9 5 3
2 0 8 ,9 2 2
5 4 ,7 2 7
H o n st. A T e x . C e n t..J u ly 2 1 3 ,4 8 5
5 0 .7 6 4
1 6 ,9 6 2
4 2 ,1 3 9
1 5 ,6 3 1
K. C. A S u b. B e l t . .. . J u l y
1 2 1 ,4 5 7
1 9 4 ,3 7 4
8 0 7 ,9 1 8
Mo. K a n sa s A T e x .a . J u ly 7 5 2 ,8 0 5
5,7 5 5 ,5 7 1 5 ,7 3 7 ,2 1 3 1 ,2 5 4 ,0 1 3
2 0 9 ,9 6 5
1 8 0 ,2 1 0
N a sh . C h. A B t, L .b . A ug. 5 2 5 ,9 3 2
4 9 0 ,7 1 8
J a n . 1 to A uv . 3 1 ___ 3 ,8 1 1 ,1 8 3 3 ,5 2 1 ,0 9 6 1 ,3 5 3 ,1 7 4 1 ,2 6 1 ,9 1 9
9 7 0 ,9 9 6
3 6 0 ,1 6 9
4 2 9 ,8 5 5
J u ly 1 to A u g . 3 1 ___ 1 ,0 7 5 ,4 6 3
N ew J e r s e y & N ew Y o r k 1 3 ,3 5 6
70,8541 3 ,6 9 3
A pr. 1 to J u n e 3 0 . .. .
6 8 ,2 7 5
1 7 ,2 4 2
2 i,0 5 O
1 2 3 ,9 9 7
E S '1J a n . 1 to J u n e 3 0 ___ 1 3 1 ,6 9 3
N. Y N. H . A H a r t f o r d . b A p r. 1 to J u n e 3 0 ___ 7,614 f -7 7 ,9 1 2 ,5 4 7 1 ,9 3 4 .4 8 2 2 ,4 6 4 ,6 7 0
J a n . 1 to J u n e 3 0 ____14,3884767 1 4 ,3 4 5 ,7 2 3 3 ,7 4 3 ,8 8 0 4 ,3 5 6 ,5 3 0
75 1
4 ,0 7 5
233
N o rth e a s te rn o f G a...T une
3 ,5 5 7
6 ,4 8 2
d e f.5 5 7
J a n . 1 to J u n e 3 0 . . . ,
3 2 ,4 8 1
2 7 ,8 7 9
2
1
,2
47
1 5 ,9 8 6
J u ly 1 to J u n e 3 0 ___
7 2 .3 3 3
6 5 ,0 0 2
1 0 4 ,4 1 7
1 2 5 ,* 9 7
P h ils. A E r i e .b ...........J n 'y 3 6 9 ,5 1 6
3 9 1 ,3 3 8
5 8 1 ,9 1 3
5 6 8 ,8 9 4
J a u . 1 to J u ly 3 1 ___ 2 ,2 5 2 ,7 3 3 2 ,2 5 5 .4 4 5
6 3 1 ,3 6 0
P b ila. A R e a d in g , b..T u ne 1 ,8 2 0 .2 6 4 1 ,6 7 8 ,8 0 0 7 7 9 ,2 4 9
3
,7
4 5 .8 1 0
J a n . 1 to J u n e 3 0 .... 1 0 .1 0 0 ,6 6 9 9 ,3 9 8 .7 0 1 4 .0 4 8 ,1 7 8
J u ly 1 to J u n e 3 0 ....2 '.9 8 6 ,3 3 4 2 0 ,6 1 6 ,2 6 4 9 ,6 0 0 ,8 0 6 8 ,8 9 8 .9 0 4
C oal A I r o n C o ..b .J u n e 1 ,5 9 5 ,1 0 3 1 ,8 7 9 ,2 9 0 d e f.9 3 ,1 7 4 d e f.1 1 .8 5 2
4 1 ,8 8 3 d f.6 3 5 ,6 6 8
J a n . 1 to J u n e 3 0 . .. . 9 ,5 2 6 ,6 7 1 9 ,0 6 5 ,6 5 2 d f.3-----J u ly 1 to J u n e 3 0 ....2 2 ,9 0 9 ,5 5 3 2 1 ,4-----2 7 ,0 8 0 4 7 6 ,2 3 8 . 95g67
5 8 9 ,5 0 8
T o ta l b o th Co’s .b .J u n e 3 ,4 1 5 ,3 6 7 3 ,5 5 8 ,0 9 0 6 8 6 ,0 7 5
J a n . 1 to J u n e 3 0 . ...1 9 ,6 2 7 ,3 ( 0 1 8 ,4 6 4 ,3 5 3 3 ,7 0 6 ,2 9 5 3 ,1 1 0 ,1 4 2
J u ly 1 to J u n e 3 0 ....4 4 ,8 9 8 .3 8 7 4 2 ,0 4 3 ,3 4 4 1 0 ,0 7 7 ,0 4 4 8 ,9 9 4 ,1 7 1
3 4 ,7 4 3
3 2 ,4 0 1
R e a d in g O om p’y b .J u n e
3 4 8 ,7 5 2
3 4 3 ,3 2 0
J u ly 1 to J u n e 3 0 ___
6 2 4 ,2 5 1
T o ta l a ll C om p’s .b .J u n e
718,4 7 J
1 0 ,4 2 0 ,3 6 4 9 ,3 4 2 ,9 2 3
J u ly 1 to J u n e 3 0 ----4
.5
5
7
3 ,4 2 5
B t.Jo sop li G as L . C o..A ug.
3 7 ,6 1 2
2 7 ,5 6 0
J a u . 1 to A u g . 3 1 . .. .
6
,2 9 7
8 ,0 2 7
J u ly 1 to A ug . 3 1 ----2 0 ,2 9 2
1 7 ,5 4 9
Bt. P a u lG a a -L t, C o ..A u g .
1 6 7 .1 4 2
1 5 1 ,5 5 5
J a n . 1 to A ug . 3 1 ----1 7 ,7 1 4
5 ,4 0 5
B an A n t. A A r a n .P b . J u ly 1 2 1 ,2 8 3
1 3 9 ,8 7 5
2 5 5 ,4 6 4
1 6 4 ,5 5 7
6 2 ,0 4 2
B a r. F la , A W e s t.b ,.J u ly 4 2 1 ,0 6 7
7 7 4 ,1 8 5
5 9 6 ,9 0 1
J a n . 1 to J u ly 3 1 ___ 2 ,1 8 2 ,3 3 0 1 ,9 9 0 ,1 6 8
S o u th e rn P a c ific —
G al. lia r , A S a u A .b J u ly 3 9 3 ,6 8 2
6 8 ,6 4 9
3 4 0 ,7 0 2
7 8 ,3 5 9
L o u is ia n a W e s t..b . J u ly 1 0 3 ,3 3 6
2 9 ,6 6 8
4 9 ,8 2 5
7 6 ,5 8 7
M ’g a n ’* L a .A T e x .b J u ly 1 5 4 6 ,5 9 1
9 7 ,8 0 5
2 4 7 ,9 1 7
4 0 1 ,1 7 4
1 0 ,2 2 5
N . Y . T e x . A M b ..J u ly
1 0 ,7 7 0
2 5 ,3 7 3
2 4 ,3 4 4
5 4 ,9 9 4
T e x a s A N . O rl.b .,.T u ly 1 6 0 ,4 2 8
1 2 6 ,6 7 4
7 8 ,4 9 8
2 5 7 ,9 7 9
1 ,2 4 7 ,4 9 9
9 8 3 ,7 0 3
4 6 5 ,7 0 3
2 ,9 0 9 ,3 3 0 3 ,2 9 9 ,5 6 6 1 ,0 3 8 ,7 7 7 1 ,5 1 5 ,2 1 6
4 ,4 6 6 ,5 6 8 4 ,5 2 2 ,2 0 8 1 ,5 8 6 ,9 1 0 1 ,8 1 3 ,7 2 7
11 ,776 ,3 89 2 6 ,9 0 1 ,1 2 2 1 0 ,7 4 1 ,5 9 0 8 ,5 7 0 ,5 1 1
3 ,0 9 1 ,3 6 2 1 ,3 6 0 ,3 1 7
7 0 1 ,0 5 5
3 5 9 ,1 6 0
4 9 ,3 9 8
4 3 ,2 7 9
Bo. P a c . of A ria . b . J u ly 1 9 1 ,6 4 9 1 7 6 ,0 3 4
4 4 ,8 9 2
1 0 8 ,4 8 0
9 4 ,3 8 5
4 5 ,7 8 8
80 . Pao. of N . M b. J u ly
5 1 ,1 3 0
5 2 ,2 4 6
Tenn. C oal L A lift..A u g ,
3 5 8 ,2 2 0
5 1 8 ,5 7 8
J a u . 1 to A ug. 3 1 ----3 1 ,6 7 4
1 2 ,4 2 8
3 3 ,5 8 7
0 ,4 79
W. V irg in ia A P ltts b b J u n e
1 8 5 ,3 5 2
7 9 ,9 7 9
J a n . 1 to J u n o 3 0 . .. . 1 8 2 ,2 3 3
1 8 8 ,5 7 6
1 7 3 ,0 0 3
J u ly 1 to J u n e 3 0 ----- 3 9 1 ,0 9 1 3 8 1 ,4 8 8
W e ste rn G a s Co.—
3 3 ,4 4 6
3 2 ,6 0 1
M llw 'ite e G a s-L .O o .. A ug.
......
2 9 2 ,1 9 6
2 9 2 ,8 9 5
J a n . 1 to A ug. 3 1 .........
a N et e a r n in g s h e r e g iv e n a r e a f te r d e d u c tin g ta x e s ,
b N e t e a ru iu g s h e re g iv e n a r e b e fo re d e d u c tin g ta x e s .

Interest Charges and Surplus.—The following roads in
addition to their gross and net earnings given in the fore­
going, also report charges for interest, «o,, with the surplus
or deficit above or below those charges.

T H E CH R O N IC LE.

S eptember 17, 1893.)

---- lnl.t Rentals, c6c. — * —Bat. of Net Barn’gs.1897.
1893.
1898.
1897
*
*
*
34.717 df.17.339 df.13,773
Chic. & W. Mieh........July 35,012 240,993
df.72 131 df.85.13o
Jan. 1 to July 31...... 241,23 i
16.171
2^)53 def. 5,377
Det, Gd.Rap..fewest..July 16,383 111,332
6 7.62 i
Jan. 1 to July 31....... 113,426
3 6.728
16,154 def.2,2 31
Xansas C. Suh. Belt. July 47,912
803
Mo. Kansas A Texas. July 285,549 235,543 df. 164,092 id ef.91,169
79,714
Nashv. Chat. A 8t. L. Aug. 130,251 126,301
53,909
July 1 to Aug. 31....... 200,535 252,603 169,270 108,266
Philadelphia A Readingdf.239,804
All companies __ June 938,230
1,237,081
July 1 to June 30 — 9,133,230
4,767
47,777
47,479 332,216
6,653
Tenn. Coal I. & RR..Aug. 379,332
133,746 def.23,998
Jan. 1 to Aug. 3 1 ....

Ro'id*

traui ’uj * cokpanieh

street

The following table shows the grots earnings for the latest
period of all street railways from which we are able to ob­
tain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads—that is, the
first two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
or the calendar year from January 1 to and including suob
latest week or month.
STREET RA.tLWA.Y3 AND TRACTION COMPANTES.
Latest Oross Earnings. Jan. 1 to Latest Bate.
G ross
E a r n in g s .
Week or Mo I 1898. 1897. 1898. 1897.

| $

*
Akron Bedfd A Clev. jJuly.......... 11.304 12,624 51,029
54,875
Albany Railway........ August— 57,4^4 55,429 417.295 332.267
Amsterdam 8t. R y... July.......... 5,451 5,096 30.552 27,537
Atlanta Railway.......'July........... 12,301 9,058 57,403 50.033
Baltimore Con. Ry,*...1August— 220,352, 223,870 1,563,534 1,537.653
7,54i
7,0i3
Bath 8t. Ry. (Maine).(May.......... 1,932 ! 1.721
Bay Cities Consol----July............ 9.915 9,093 48,323 46,731
Binghamton 8t. Ry... July.......... 18.975!! 17,435 90,551 82.773
Bridgeport Traction.'August---- 37,410, 31,361 237,315 212J 10
Brockton Con. 8t. Ry. July.......... 34.5571 33,293 190,470 184,574
Brooklyn Elevated.. July.......... 143.000 1 2 0 , 0 0 0 941,768 982,801
Br’klyn Rap. Tr. Co.—I
Brooklyn Heights ) Allffuat 363 257 477,400 4.002,728 3,547,918
B’klyn Q’ns A Sub. 5
Charleston City Ry.. August— 14,819 14,348 116,491 ............
Oin. A Miami Val.. .. August
13,309 9,565
Citizens’8t.Ry.,Indp.[April .... 79,902 68,031 315.390 283,626
Citlz ns’(Munoie tnd.) May.......... 5,671 5,327 26,745 22,872
City Elec. (Bome.Ga.) July.......... 2.741 2,181 13,835 13,024
Cleveland Eleotrio...'August__ 143,150 140,815 1,119,278 1,063,711
Cleve. Painsv. A E. . .July.......... 13,969,, 9,185 55,336 45,338
Columbus St. Ry. (O.) August__ 53.349 ; 52,366 446,537 338,765
Consoli’d Trac. (N. J.)| A p ril....... 252,290 238,813 965,245 883,540
Danv. Gas El. Light A
Street R v ...............June........... 8,138 8,206 53,008 ’ 50,831
Dayton & West Trac. July.......... 6,364 --------Denver Con. Tramw..jJuly.......... 69,115! 67,441 420,752 406,So-*
Detroit Citi’ns’8t.Ry. August__ 109,932 104,682 775,05* 721,818
Detroit Elec. Ry........August
30,84b 259,197 265,000
Duluth 8t. Ry............'July............ 33.160;
17.796} 18,450 112,419 108,002
Erie Elec. Motor....... 'June ........ 12,212 12,73b 63,670 63,233
F t Wayne A Belle!
Island (Detroit).... 'August__ 16,533 16,225 120,160
Harrisburg Traction. August__ 31,050 24,007 177,111 112,263
149,461
Herkimer Mohawk Il-I
ion A Fkfort El. Ry.'June......... 2,868' 2.799 19,459 20.435
Houston Elec. S t Ry. July.......... 18,99b 15,255 107,956 106,772
Interstate Consol, oil
North Attleboro.... March.......
9,523 27,801 26,843
Kingston City Ry.......August___ 10,297 5,667 47,415 36,001
Lehigh Traction.........August___ 8,748
9,451 11,470 63,127 71,203
Lowell Law. A Hav.. July.......... 55,779 50,523 250,035 243,392
Metrop.(Kansas City) IstwkSept 43,014 40,415 1,304,118 1 ,239,906
Metro. W. Side (Chic.) July.......... 8 4,970
Montgomery St. Ry.JMay.......... 5,500 5,478 697,388
22,738 21,582
Montreal Street Ry... August__
131,432 982,739 891,770
Muscatine St. Ry.......'August___ 143.801
36,397 34,504
4,724
4,621
Nassau Elec. (B’klyu)'August__
226,811 1,468,0101 ,230,929
Newburg St. Ry........ August___ 239,536
11.314 11.653 57,839' 56,338
New London St. Ry.. June......... 6,059 5,201 21,104; 19,871
New Orleans Traction July.......... 112,16b 104,063 792,315 758,632
Norfolk St. Ry...........'July........... 19,799 15,770 96,951 83,847
North Chic. St. Ry... August__ 259,023 255,014
1,,839,653
North Shore TractiOD July.......... 172,630 158,865 1,929,969
792.419
Ogdensburg St. Ry... August__ •2,36 b 2,437 822,631
12,4 2
12,798
Paterson Ry...............July............ 37,427 34,002 209,430 192,258
Richmond Traction.. August__ 13,139 14,S09( 96,237 86,710
Roxb’h Ch.H.A Nor’n August....
12,714 73,40* 57,918
SohuylkiH Val. Trac. July.......... 13,506
7,116 6,67b 35,244 32,038
Scranton & Carbond’e August__ 3,231
23,251
Scranton & Pittston. August__ 5,949 3,362
0.407 40.179
Soranton Railway__ August___ 34,2i2 35,169
231,267
247,551
Syracuse Rap. Tr. Ry. August__ 34,808 38,635 299,251 279,850
Toronto Ry................ August___ 110,30 93,225
Twin City Rap. Tran. July.......... I 190,516 184,719 1,201*550 1, 115,148
Union (N. Bedford).. August....! J 22,700 21,498; 129,116 146,587
United Tract. (Pitts.) July...........j
127,313 889,677
United Tract. (Prov.j June......... 140,561
146,943 817,774 860.957
Unit. Trac. (Reading) August__ 148,961
21,824
133,542 134 301
Wakefield A Stone.,.. August__ 3,527 25,115;
3,683 36,431 35.972
Waterbary Traction.. August__ 26,311 23,332
165.532
181,714
West Chicago St. Ry. WkSept.Il 79,861 83,085
Wheeling Railway... March....... ! 12,450 12,444 39,2761 *36.532
WJlkesb.A Wy.Valley July.
45.222 41,434 279,278 272,195
* Includes Baltimore Traotlon and City A Suburban for both years.

Street Railway Net Gamings.—The following table gives
the returns of Street railway gross and net earnings received
this week. In reporting these net earning3 for the street rail­
ways, we adopt the same plan as that for the steam roads—
that is, we priot 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 C hronicle
of August 27, 1898, The next will appear in the issue of
September 24, 1898.
n .
Roads.
Brooklyn Elevated b -

<— Gross Earnings.—

Apr. 1 to June 3 0 ....
Jan. 1 to Jane 30

1897.
$1898.
$
363.002 3 ’ 431,710
793,768 862,301

Net Earnings.-----

1898.
$
104,278
253,175

1897.

163,862
324,733

575

----- Gross Earnings.—Net
E a r n in g s «
1898.
1897.
1893
1897.
$
Charleston City Ry.. Aug. 14.819
14,348
6,188
5,738
Jan. 1 to A u g . 31 ......... 116,491
38,749
July 1 to A u g . 31.
32,337
30*175
14,873
1 3 ,4 9 0
Harrisburg Traot’n .. Aug. 31,050
24,007
18,187
11,553
Jan. 1 to Aug. 31....... 177,111 149,461
92.006
63,602
47,217
Ju y 1 to Aug. 31....... 58,338
21,302
32,865
Kings Co. Elevated b —
Apr. 1 to June 30___ 150,366 183,054
15,395
40,015
Jan. 1 to June 3 9 .... 331,942 377,774
52,893
89,910
L3hlgh Traction..... Aug.
9,451
11,470
4,712
6,455
71,263
Jan. 1 to Aug. 31....... 63,127
24.330
29,868
July 1 to Aug. 31----- 18,594
22,327
9,601
12.808
Metropolitan St. Ry. (N. Y.) b—
Apr. 1 to June 30__ 2,913,849 2,386,473 1,371,436 1,126,924
Jan. 1 to June 3 0 .... 5,337,104 4,478,910 2,459,788 2,078,981
Metr.W.SideEl.,Chio..July 84,970
21.175
256,522
Jan. 1 to Jnly 31....... 697,383
N ov.l to July 31....... 901,625
345,395
4,621
Muscitiae El. Ry— Aug.
4,724
1,627
1,481
34,504
Jan. 1 to Aug. 31....... 36,397
11,332
9.29 4
July 1 to Aug. 31.......
9,002
3,545
2,850
Newburg Electric__ Aug.
11,3 L4 11,658
7,041
6,841
Jan. 1 to Aug. 3 1....... 57,889
27,144
56,338
24,725
July 1 to Aug. 31....... 22,878
22,256
14,337
12,621
N. Y. & Queens Co.b —
Apr. i to June 30 ... 103,88 2 111,636
45,956
89.177
Jan. 1 to June 30 ... 183,673 184,292
62,554 100,283
Richmond Trac.b.... Au?. 13,139
14,309
5,557
5.060
Rochester RaiLway b —,
|Apr. 1 to Jun 5 30---- 139,156 13L131
63,936
63,154
Jan. 1 to June 3 0 .... 381,770 390,164 141,455 145,378
Roxb’ghChes.Hill&N.Aug 13,506
12,714
6,333
7,485
Jan. 1 to Aug. 31....... 73,406
57,918
29,434
22,720
Scranton A Carbon .Aug.
3,221
3,862
1,603
1,901
Jan. 1 to Aug. 31....... 23,254
10,745
6,574
7,627
July 1 to Aug. 31.......
3,386
3,936
Soranton & Pitcaton. Aug.
5,949
6,407
2,275
3,059
Jan. 1 to Aug. 31. ... 40,179
12,378
July 1 to Aug. 31....... 12,020
12,654
4,598
5,768
35,16)
8oranton Railway...Aug. 34.212
18.263
18,586
Jan. 1 to Aug. 31....... 217,551 231,267 122,311 112,549
July 1 to Aug.31. ... 68,512
68,420
36.692
35,811
Southern Boulevard (N. Y.) —
Apr. 1 to Juie 3 0 __
11,163
10,759
5,398
6,191
Jau. 1 to June 30 ...
20,321
19,748
8,661
9.710
Third Ave. RR. (N. Y.) b Apr. 1 to June 30__ 581,103 639,375 323,817 336,659
Jan. 1 to Juue 30 ... 1,165,719 1,250,192 523,356 522,514
Union 8treet Ry. (N.Y.) b —
Apr. 1 to June 3 0 .... 169.980 148,240
61,143
62,520
Jan. 1 to June 3 0 .... 303,056 259,434
83,339
93,515
23,392
Water bury Trac. Co. Aug. 26,311
11,903
9,827
Jau. 1 to Aug. 3 1 .... 181.711 165,562
79,113
70,184
Oct. I to Aug. 31 ... 250,837 229,893 110,363 100,737
Westohester Eleotrio b 34,169
Apr. 1 to June 3 0 .... 32,597
10,185
11,489
Jau. 1 to JuQd 3 0 .... 57.957
58,493
14,338
14,366
Interest Charges and Surplus.— The following S tr eet

Roads,

railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with the
surplus or defioit above or below those charges.
/rentali,
c
of Net Sam's.—.
etc.— -Bat.
1898.
1897.
1898.
1897.
Roads.
«
M
1,887
Roxb’gh Ches.Hil AN. Aug. 2.720
4,113
I in .,

Jau. 1 to Aug. 31.......
Waterbury Tract'n.. Auf.
Oot. 1 to Aug. 3 1 ...

17,384
3.307
33.555

15,118
3,110
40,112

17,070
8,598
71,808

* 5,598
7,602
6,717
60,625

ANNUAL REPORTS.
Animal Reports.—The usual index is omitted thi3 week
but that published in last week’s C hronicle covers all re­
ports published to Sept. 3, inclusive.
Illinois Central Railroad.
( Report fo r the year ending June 30, 1898.J
The annual report of the directors for the year ending June
30, 1898, is given on (pages 530 to 588, with balance sheet
and exhibits.
Comparative statistics of the operations and the income
account have been compiled for the C hronicle below, the
statement including the Iowa lines, and also, since Oot. 1,
1895, the St. L. A., &',T. H. line.
OPERATIONS.

1897-98. 1896-97. 1895-96. 1894-95.
Miles oper. June 30..
3,808
3,127
3,130
2,888
Equipment—
Locomotives..............
763
676
703
597
575
Passenger cars.........
651
575
540
Freight cars..............
28,383
20,933 * 16,647
23,065
Work cars.................
331
165
170
180
Operations—
No. of piss, carried.. 13,772,221 12,327.205 12,812,206 11,391,733
21 2,935,073 222.034.712 195,92 4,818
Rate per pass. p. m . 1-933 olh. 1-971) cts. 1 979 cts. 1,995 ot».
Freight(tons)moved. 12.694.0 58i 9,94 367 9,659.213 7,^01,392
2253338132 20LSI'9060 1536080584
Rate per ton p. mile. 0 69 b cts. 0-671 cts. 0-7-45 cts. 0 o08 cts
FISC A L RESULTS.
1897-98.
1896 97. 1895-96. 1894-95.
Receipts—
$
$
$
$
3,908.348
4,394,771
Passenger.................... 5,103,312 -4,214,461
12,821,211
Freight........ ................18,918,729 15,162,019 15,028,104
Mail, exp. and rniscel. 3.295,279 2,734,458 2,579,967 2,327,435
22,110,933 22,002,842 19,056,994
Total...............27.317,320
Operating
erpenses—
2,53°, 678
Taint, of wa
Maint.
way. Ac__ 4,255,225 3,594,051 3,176,872
2,556,169 2,175,789
Main*. of equip.......... 3,132,720 2,712.978 8,177,876
7,580,145
8,376,914
Transp. and rniscel... 9,975,112 1,051,941
973,919
1,051,358
Taxes........................... 1,292,413
Total........ .............1 *,655,470 15,735,884 14,962,276 13,268,531
Nefr earnings.............. 8,662,350 6,375,054 7,040,566 5,783,463
6 3 00
69 63
71*10
P. c. of exp. to earns. 03-29

T H E C H R O N IC LE .

576
INCOME ACCOUNT.

180793.
1S9B-97.
Receipts—
8
$
0 ,3 7 5 .0 5 1
M et e a r n in g s . ............. 9 .0 6 2 .3 5 0
N et (ru m in te r e s t, A c, 2 ,1 7 7 .0 0 1 2 ,1 1 0 ,7 5 8
N e t fro m l a n d s ______
5 9 .3 0 5
5 9 .1 4 0

1S 9 5 -9 6 .
1 ''9 1 -9 5 .
$
$
7 ,0 1 0 .5 0 0 5 .7 8 M G 3
1 .3 3 2 .0 7 8 1 ,5 5 8 .5 7 3
85,7**«
9 5 .8 6 4

[V ol. LX VII.
O E SERAI. IIAEAXCB SHEET JU N E 30.

Assets.

Railroad fra n c h is e s . e te ..ia c l.

1898.

$

1 8 97 .

$

1896.

$

S lo ck s, b o n d * , e tc .......................4 8 9 ,3 0 8 ,0 6 0 3 8 6 ,4 9 8 ,8 5 5 3 7 1 ,6 6 9 ,3 2 6
P ro f, sto c k fo r a c q u is itio n o f
Total______ _____10,898,719 8,539,250 8.959,030 7,130,905 a u x ilia r y lin e s .................................1 0 ,9 0 0 ,0 0 0 1 0 ,8 0 0 ,0 0 0 20,000,000
P tv f. sto c k , im p ro v e m e n ts ,
n * , e tc , ( p a r v a lu e ). 6 ,1 8 4 ,4 7 0
6 ,4 iO .1 70
lot.UtibursemenU—
on nLC.
2,993,515 3,189.972 2,932,308 2,757.915 e x te, ne sio
tc ., in tr u s t fo r red . of
RentofO.S.L .fe.V.O. 2,139,664 1,619.905 1.8*9,221 1,018,765 C ash
e
q
u
ip
m
e
n
t
b
o
n
d
s,
S
e
r
ie
s
\
,
3
0
7
.6
7
0
Rental D. i S. C UK 793.153
531,193
950,163 471,379 E x p e n d itu r e s fo r im p ro vein* ts. 2 ,5 -:: .75 9 1 ,13 612.757
3 ,8 2 2
3 16 ,8 6 8
Rental Bt. I, Alton 2k
E x p e n d itu r e s fo r e x te n s io n s .
1 6 2 .2 6 6
L » 3 ,o ts
38.32
L
T o rre H a u te . ____ 5 3 3 ,1 0 6
3 1 0 .6 2 7
->90.311
..............
fo r r-q uipm n t . .
1 3 5 ,7 5 7
10L .751
59 7 4 4
Dlvld. on I. O. stock.. 2,625.000 2,625.000 2,362,500 2.500.000 JEoxinp et nEd xitu. Rreosorg.
C
om
A.
T.
A
A d d e.l to I n s F u n d .. 5 0 1 ,1 5 2
.................................................................. ..........
u d s e c u ri­
For betterments....... 829,000
150,000
422,500
........ S.tie Fs .(eRsRtimCaote.cda svlia
a lu e ) ...............
...........
................
5 .9 7 6 ,1 7 5
Fund lor air-brake*
s e c u r it e s o n h a n d . 2 ,0 '7 ,7 3 4
2 .9 1 7 .5 1 6
ami ooaolers........... 396,000 ............................................................... CO othme pr as ne yc ’su ritie
s
o
u
h
a
n
d
.............
3
8
5
.6
2
2
3 8 8 ,3 8 6
33133*4*8
iHscellaneuoii ....... 50,000
50,000
50.000
50,000 D ep, fo r re p la c e , of ro ll, s to c k .
_______
100 41'2
D ep, u n i. A rt, 5 Of G en . M a rt.
4 7 ,6 7 5
00
T o ta l. - ......................1 0 ,8 6 1 .5 1 6 6 .5 3 5 .6 9 7 8 ,8 5 8 ,3 0 3 7 ,4 2 7 ,9 8 8 M
te ria ls a n d s u p p lie s .................
.0 0 0 ,7 2 1
1,160,9(55
1 ,1 5 5 ,7 1 1
B a la n c e , s u r p lu s . . . .
3 7 ,2 0 3
3 ,5 5 3
1 0 0 ,7 2 7
2 ,9 1 7 T raa illo
b a la n c e s ...... .......................
59,«»0 L
6 6 0 ,3 5 4
1 6 4 ,8 4 3
- V . 6 7 . I>. 37 1 ,
A g e n ts a n d c o n d u c to rs .. . . ___
2 0 2 ,4 3 1
1 7 3 .5 *2
1 8 3 ,7 3 0
V . 6. G o v e rn m e n t
4 3 9 .0 6 4
2 6 8 ,3 3 1
2 5 4 ,4 8 0
Northern Pacific Railway.
M isc e lla n e o u s.......... .......................
1 ,5 8 5 ,1 1 5
1 ,0 5 7 ,8 3 8
9 9 7,47 5
C o lla te ra l lo a n s.
2 5 0 ,6 0 0
('Report for the year ending June SO, ISOS.)
C a sh o n b a u d a u d iu b a n k ......... 2 ,5 6 6 ,6 9 4
2 ,5 6 9 ,5 5 1
90W.6O0
a sh on d e p o sit fo r e o u o o n * ...
2 1 ,0 5 0
112
8 10
8,210
r a c c o u n ts in liq u id a tio n ..
The report of Mr. Charles S. M-sllen, President, covering CP rio
5 2 ,2 3 7
1 0 7 ,9 4 4
4 5 0 ,5 5 8
the operations of the company for the first full year of its
4 2 0 ,0 1 2 ,6 8 1 4 1 5 ,4 0 3 ,1 5 0 4 0 2 ,5 3 3 ,4 1 9
corporate existence, will be found on pages 588 to 590 of to

day’s Chronicle, together with the income account for the
same period and the balance sheet of June 30. 1893.
Stat sties of operations, earnings, etc , for the year are as
follows:

L ia b ilitie s .

,

C o m m o n s to c k .............
. 102. 000.000 102 000.000
P re fe rre d s to c k .____
___8 6 ,0
. 0 0 13 L.4S8J 00
. . . . . . 13 L,4
F u n d e d d e b t (see S u p p l k m ’tj 1 7 4 ,9 3 8 ,7 1 0 174,196.750
E q u ip m e n t le a s e w a r r a n ts .........
S to ck re d e m p tio n la n d .................
EARNINGS AND EXPENSES.
OPERATIONS, ETC.
R o llin g s to c k re p ja c e m ’t fu u d ..
1 9 8 .0 0 2
5L 3.2 S 1
Earnings—
M iles o p e ra te d J u n e
R a il r e n e w a l f u n d ............................
2 4 0 ,0 5 4
3 0 , 1 8 9 3 -........................
4 ,3 3 0 F r e ig h t................................$ 1 7 .4 3 2 ," 5 > A c cru e d ta x e s n o t d u e .................
7 3 2 ,6 0 7
6 9 5 .2 4 0
P a s s e n g e r ......................... 4 ,8 5 3 ,7 9 9 I n te re s t a c c ru e d n o t y e t d u e . . 1 .2 1 0 .8 7 7
Equipment—
1 ,2 0 0 9 '•?
L o c o m o tiv e s....................
1 7 9.38 0
5 4 2 M ail, e x p re s s , e t c .........i 1 ,3 9 3 ,1 6 4
C o u p o n s n o t p r e s e n te d .................
12 ,40 9
P a s s e n g e r o a r s . . . . ___
-139
Pay rolls...................................... 1 ,7 2 7 ,2 7 1 1 ,3 9 1 ,4 0 6
Total............ — ....$23,679,7 18
F r e ig h t o a r s . . . ...............
I S ,47 7
1 ,5 4 3 .3 “9
1,066,1*-2
Expenses—
M isc e lla n e o u s c a r s . ...
2 ,2 2 0
T raflio b a la n c e s ,................................
8 3 9 ,9 3 7
3 3 9 ,8 8 0
M a ltit. of way, etc.___ 3,137,5^$ M isc e lla n e o u s....................................
Operations—
5 7 0 ,3 1 8
216 233
P a s s e n g e rs c a r r ie d — 1 ,5 8 3 ,6 3 2 Maint. of eq u ip ,...— 1,721,762 P rio r a c c o u n ts iu liq u id a tio n ..
40 3 4 9 0
5 6 4 .4 9 8
P a s s , c a r r ie d 1 m ile ..2 0 9 ,6 1 4 ,6 7 7 Conducting transp... - o,572, 04 . P ro fit & lo s s a c c o u n t (su rp lu s). 3 ,9 1 2 ,6 1 6
1 .6 0 3 .2 2 6
663,45o
R a te p e r p a s . p e r m tle 2*22 c ts . General expenses.......
T o ta l...............
F r e ig h t (tons) c a rrie d * 4 ,9 5 1 ,1 8 3
2 0 ,0 1 2 ,6 8 1 4 1 5 ,4 0 3 ,1 5 0
T o ta l .......................- $ 1 1 ,0 9 5 ,3 7 0
F r e ig h t (to n s) c a r r ie d
—V , 67, p . 52 8 .
1 m ile * ............................. 1 1 ,618 .1 70 N e t e a r n in g s .....................$ 1 2 ,5 8 4 ,3 4 8
Reading Company.
46*9
K a te p e r to n p e r m ile . 1 0 6 5 c ts. P. o. o f e x p . to e a rn s .,
( For year ending June SO, ISOS.)
N o t in c lu d in g c o m p a n y ’s fre ig h t, f 0 0 0 ’s o m itte d .
—V . 6 /, p . 5 2 7 .
Results for two years have been as follows:
R a ilw a y C o m p a n y —
1 8 9 7 -8 .
R e c e ip ts ............ . ........... . . . . . . . . . . . ............................. .$ 2 1 ,9 8 ^ ,8 3 4
Atchison Topeka & Santa Fe Railway.
E x p e n s e s (in c lu d in g re n e w a ls , e tc . i ................... . 1 2 ,3 8 6 .0 2 8
(Report for the year ending June SO, 1S98.)
N e t e a r n in g s ............. ............................................. . $ 9 ,6 0 0 ,8 0 6
d Iro n C om pany—
The third leport of this company, covering its operations R eCcoale ipatsn .................
............................................................. .$ 2 2 ,9 0 9 ,5 5 3
for the year ending June 30, 1898, with the company’s in­ E x p e n s e s .............................................................................
. 2 2 .4 3 3 ,3 1 5
come account and balance sheet in detail, together with
other tables, will be published in next weeks Chronicle. N eRt eeaadrinn ing gCso.......................................................................
$ 1 7 6 ,2 3 8
m p tm y —
Below we give a comparative statement for three years, the N e t in c o m e ..........................................................................
3 4 3 ,3 2 0
figures of operations m 1895-6 including the six months prior
to the reorganization, f<^t the purpose of comparison.
N e t e a r u in v s a ll c o m p a n ie s .................................... .$ 1 0 ,4 2 0 ,3 6 4
F ix e d c h a rg e s a n d t a x e s ............................................. 9 .1 8 3 .2 8 0
.OPERATIONS. EARNINGS, ETC.
S u rp lu s ............................................................................ $ 1 ,2 3 7 ,0 8 4
1896-97.
1S97-98.
1895-96. D e fic it" rnos. D ec. 1, 1896, to J u u e 3 0 . 18 9 7 1 ,3 1 3 ,9 1 7
6,916
6,479
Miles
operated
Juue
SO.......
6,435
Equipment—
N e t d e iic it f o r 19 m o n th s ................................ .
$ 7 6 ,8 3 3

1,036
953
Locomotives ... — ...........
962
634
6*2
Passenger cars......................
«4l
28 ,i 98
26,770
[weight ears..........................
27,719
544
Miscellaneous cars...............
625
269
Operations—
4.001.078 3.536,968
4,175.500
Passengers carried...... —
243,052,426 28v,532.4 58
Passengers carried 1 mile.. 325.650.301
2 293 cts. 2-2 U cts.
Rate per paee'gir per tulle. 2*256 cts.
9,979,510
8,207,323
Freight tons carried............
7,718.598
Freight tons carried 1 mile. 27 79.555,249 2.062,483,268 1,748.479.650
Rate per ton per mile.......... 1-029 cts. 1-070 cts.
1-122 cts.
Earnings—
IT eight........ ........................ $28,688,717 $22,067,687 $19.626,901
7,347,362
5,574,288
6,269,683
Passenger............................
939.L 5
1,088,261
M all.................. ...................
93“,860
1,110,628
931,053
930.783
Express.................................
1,108,707
1,070,133
.Miscellaneous......................
1,233,278
Total earnings............ $39,214,101 $30,621,230 $28,999,597
Expenses—
5)8
Malm,
of road and struct... $8,281/
$5,595,837
1,059.278 $6,282,923
Maintenance of equipment
8.4*3.885
3. 02,085
14,468,015 1 2 ,0 3 6 ,7 8 6 12,221,072
T r a n s p o r ta tio n a n d tra fiic .
1,097,645
1,103,595
General e x p e n s e s ...................
1,052:28 t
T o ta l o p e r'ttn g e x p 's e s $28,800,330 $2 i,867,189 $22,071,276
Net earnings....................... $10,707,765 $7,75 4,04 L $6,1123,322
P c rc ’t . o f o p e r. e x . to e a rn .
72*69
74-118
70*11
INCOME ACCOUNT.

1807-98.
*

1806-97.
$

1896,*

Net earning*, as a b o v e .....___ _10,707,765 7,754,041
3 ,3 8 2 ,8 0 6
In c o m e fro m in v e s tm e n ts ....................... j 0 4 ,0 2 0
1 2 5,70 1
5 2 ,) 92
Miscellaneous. . . . ...................... ........77,999
12-8,798
14 ,173
T o t a l .. . . ....................................................... 1 0 ,8 8 9 ,7 0 3
2 9 5 ,5 4 1
R e n ta l o f M o}ave D i v is io n ................................................
T axes......... ........
1,420.123
I n te r ^ s t cm b o n d s
............... . . . ------ 4 ,9 9 2 ,1 4 8
B u u d ry ite m s c h a rg e a b le to o p e ra t*
lu g a c c o u n ts in r e a d ju s tm e n t............ 2 3 6 ,2 0 0
M is c e lla n e o u s ..................................................
0 5 ,3 5 4
T o ta l............................................................... 6 ,9 9 9 ,3 6 4
B a la n c e , s u r p lu s ............................................ 3 ,8 9 0 ,4 2 9
* 8 ix m o n th s o n ly , J a n , 1 to J u n e 30.

Deduct—

R e n ta l o f t r a c k s a m i te r m in a ls ..........

$

8 ,0 0 8 ,5 4 0 3 ,4 4 9 ,4 7 1
2 8 2 ,0 2 1
15 4 ,1 0 1
2 3 2 ,430
1 0 9 ,0 0 6
1,363,543 8 8 2 ,2 9 7
4 ,6 0 8 ,8 5 8 2 ,19 1 ,1 5 0
3 6 ,2 9 5
3 2 ,9 5 7
7 1 ,1 3 6
0 ,5 5 6 ,0 9 4 3 ,3 0 7 ,7 5 0
1 ,4 5 2 ,4 4 6 1 4 1 ,7 2 1

102,000,000

1 3 1 ,4 6 6 0 0 0
1 6 2 ,2 7 8 ,0 5 0
7 1 .2 3 4
1 4 0 ,1 3 2
1 1 7 ,4 8 5
665 95 i
1 ,0 9 8 ,5 3 5
2 3 ,9 1 5
1 .0 4 6 ,8 0 5
1 ,2 2 9 .6 0 9
4 8 6 .5 9 2
3 3 7 SSO
1 ,4 0 3 ,5 1 2
1 4 1 ,7 2 0
4 0 2 ,5 3 3 ,4 1 9

18 96 -7 .
$ 2 0 ,6 1 6 ,2 6 4
1 1 ,7 1 7 .4 6 0
$ 8 ,b98 .,8 04
$ 2 1 ,4 2 7 ,0 8 0
2 1 ,3 3 1 ,7 1 3
$ 9 5 ,3 6 7
3 1 8 ,7 5 3
$ 9 ,3 4 2 ,9 2 4

The new company began operations Dec. 1, 1898, and the
early months of the year being the poor ones, the results for
the nineteen months embraced in the above figures include
fourteen poor months and only five good months.—V. 66, p, 2S9.
New York New Haven & Hartford Railroad.
( Report fo r the year ending June SO, 1898.)
In advance of the pamphlet report, the following is pub­
lished :
EARNINGS, EXPENSES AND CHARGES.

1 8 9 7 -8 .
G to ^b e a r n in g s ....................... -----3 0 ,3 2 2 ,7 3 7
E x p e n e e s ,..................... ................ -----2 0 ,8 9 1 ,6 8 5
Net- e a r n in g s .....................
O th e r in c o m e ............................. . . . . 0 0 1 .0 6 7
T o t a l ........................................ ....1 0 ,0 3 2 ,1 1 9
B a la n c e — ........................... . . . 3,919,**38
D iv id e n d ( e s tim a te d ) ______ ----- 3 ,8 0 3 ,5 1 4
S u r p l u s ___. . . . . . . . . . . . . . . . . 1 1 6 ,1 2 1
- V . 67, p, 2 0 .

1 8 96 -7 .
29,62'* .33 1
2 0 ,0 1 3 ,2 3 0
9 ,r. 8 0 ,0 7 4
6 1 4 ,0 7 0
1 0 , *9 4,14 5
6 ,3 1 5 ,9 0 1
3 ,8 7 8 /2 4 2
3 ,8 0 3 ,5 1 4
7 4 ,7 2 8

1 8 9 5 -6
3 0 ,3 4 5 .6 3 0
2 1 ,1 3 7 .2 2 6
9 /2 0 8 ,4 0 3
8 5 5 ,6 8 5
1 0 ,0 6 4 ,0 8 9
6 ,3 9 7 ,1 9 7
3 ,6 6 0 , S'* 2
3 ,6 0 8 ,5 4 2
5 8 ,3 5 0

Erie Railroad Company.
(Report for the year ending Jtine SO, 189S.)
The report for the fiscal year ending Juue 39, 1893, the
second report covering the operations of an entire year, issued
by the new company, will be published next week. In the
meantime the following is a -titomant of the earnings, ex­
penses, etc,, for the year, covering the entire system (except­
ing the New Jersey * New York RR. and the coal compa­
nies), including the Union Steamboat Line, Unioa Dry Dock,
dining ears ami restaurants. For the purpose of comparison
the figures for the twelve mouths ending June 30, 1898,^.re
also given below. Tnis period consists of seven months’ op­
eration by this company, a* shown in its first annual reiiort,
and five months’ operation by the receivers of the New York
Lake Erie & Western Railroad Company,

T H E CH RO NICLE,

S eptember 17, 1898.]
OPERATIONS AND EQUIPMENT.

1897-8.
1896-7.
18^5-96.
2,124
2,271
2,098
M iles operated.......................
E quipm ent—
979
997
998
Locom otives............................
v 04
908
900
Passenger equipm ent.........
43,862
4! ,954
41,53 4
Freight equipm ent...............
oS2
618
540
Comp’y cars, snowplow s, Ac.
Operations—
Passengers carried................. 15,001,653 14.763,343 15,333.568
Passengers carried 1 m ile... 383.390.464 3/0.028.S76 3 3 5 .0 7 4 .0 il
1 5 5 2 cts.
1*5/1 cts.
Rate per passenger per mile. 1*554 cts.
Freight, to >s, carried........... 23,643,425 20,122,OSS 21,785,922
Freight (tons) carr’d Lm ile.4.55 6.3 49, >0/ 3 ,9 19.679,175 4.009,162,133
0*596 CCS.
0*584 cts.
Rate per ton per m ile........... 0 553 cts.
EAR SINGS AND EXPENSES.

1897-98.
$
E a r n in g s f ro m .—
18,081,023
Freight......................
7,359,881
Coal.............................
5,957,704
Passenger.................
486,352
M ail............................
586,22 L
Express......................
119,948
R ents..........................
M iscellaneous.........
Gross earnings................................33,740,861
Expenses—
Maint’ance of w ay and structures 3,383,499
M aintenance of equipm ent............... 5,357,611
Conducting transportation..............15,085,321
General expenses................................. 733,687
Taxes......................................................... 877,921
Total expenses...............................25,438,039
N et earnings from operations....... 8,302,822
R a tio o t e x p e n s e s to e a r n in g s ...........

75*39%

1896 97.
16,609,449
6,8b7,135
5,742.807
464,980
574,180
132,478
1,106,002
31,497,031
3,099,609
4,387,393
14.294,818
676,326
684,097
23,332,243
8.164.788
74*08%

INCOME ACCOUNT.

1897-98.
Net earnings as above........................................ $8,302,822
Add interest and dividends.............................. 402,421
Interest and discount.................—------ -------10,946
Total net incom e................................... —...$9,716,189
Deductions—
Interest on bonds.............................. .......... ...... $6,465,831
Rentals of leased lin es................................ . . . . 1,077,357
Percentages due leased lin es........................ . 304,4 »3
Interest on car and equipm ent trusts........... 213, 93
Interest on m ortgages......................................... 20,947
Total charges —....................................... $9,082,271
Balance, surplus.................................................... $633,918

1895-96.
8
16,766,499
6,660,447
6,049,754
397,059
572,2 44
2 Ll ,9 9 1
987,-* 93
31,645,487
3,314,922
4,476,120
14.633.307
585,3« 2
70 ,692
23,719,403
7,926,084
74*95%
1896-97.
$8,164,788
309,899
>,614
$8,178,301
$6,533,616
J,067.095
244,270
261,100
20,201

$8,126,282
$352,019

CONDENSED GENERAL BALANCE SHEET.

Assets.

New York Central & Hudson River RR.
( For the year ending June 30, 1898. J
On pages 591 to 594 will he found this company’s report in
much detail. The comparative tables were published last
week on page 527.
Metropolitan Street Railway, New York City.
( Report fo r the year endin'] June 30, 189S.J
This company, which for several ve ics ha I b?aa the oper­
ating compauv of the Metropolitan Traction System, ia Octo­
ber,'1897, took over all the property of the Metropolitan
Traction Co., the Traction C>. stockholders then exchanging
stock and becoming the stockholders of the Street Rail -vi f
Company. Through this transaction, also, the Street Rail­
way became the owner of various securities, the iucome from
which is not included in the statement helo =v. O i the other
hand the Street Railway issued to the Traction scoekholders
$6,000,000 of debenture certificates that were to dr a v intereeb
after October 15, 1898. but will be exchanged for an equal
amount of the $15,000,000 increase of stock authorized in
August last, of which $4,000,000 is to be used in changing
the motive power on the lines not already electrically con­
verted, the remaining $5 000,000 to be held, for the present at
least, in the treasury. The remaining increase in the funded
debt shown in the balance sheet of Jane 30, 1893, is due to
the $12,500,000 general mortgage and collateral tra3t 5 per
cent gold bonds issued in July, 1897.
Results for the late fiscal year compare as follows:
EARNINGS, EXPENSES AND CHARGES.

1897-8.
Gross earnings...................................................$9,938,505
Operating exp enses........................................... 5,300 436
Net earnings..................................................$4,633,069
Other income........................................................ 647,297
Total net incom e.......................................... $5,285,366
Deduct—
Interest on bonds............................................... $590,486
T axes........................................................................ 552,856
Rentals, etc............................................................ 2,296,466
Total....................................................................$3,439,808
Balance, surplus fur dividend s.......................$1,845,558
Dividends................................................................. $1,500,000

JUNE 30.
1898.
Road and equipm ent....................................... ..$33,9-.1,792
Stocks and Donds of other corporations. .. 15,317,4 72
Due from leased lines acct. im provem ’ts .. 1,500,799
Supplies on hand...............................................
251,923
Open accounts....................................................
258,723
Construction, e tc .............................................. .. 8,420,38S
Cash on baud...................................................... .. 2,399,080
Total................................................................ ..$62,100,182
L ia b ilitie s —
Capital stock................................................. ..$30,000,000
Funded debt........................................................ 27,750.000
Bills payable....................................................... .. 1,150.000
Interest due and accrued..............................
297.108
Dividends and rentals accrued....................
937,641
327,166
Open accou n ts..................................................
Pro lit and loss, surplus............................... .. 1,638,267
Total................................................................ ..$62,100,182
-V . 67, p. 530.

1896-7.
$8,883,803
4,810,235
$4,07-*,568
515,803
$4,594,371
$470,000
513,449
2,171,801
$3,155,250
$1,4 39,121
$1,200,000

GENERAL BALANCE SHEET

A s s e ts —

1698.
1697.
1896.
$
$
$
Cost of ro id and equip................... 285,361,789 285,100.510 286,355,166
Construe, fuuds on deposit with
tinaue al agents.................... ........
1.092,577 1,823,129
New equipment, special account.
690,065
510.363
Securities ia treasury held for
construction purposes................. 1.593.400 2,315,955
Securities held lor gea. purposes 1,299.974
74 ',56 4
3,127
Securities to lie pledged.................
576.926
______
N. Y. Sus. & W. com stock............. 12,216,300
.
______
“
“
pref. stock............. 12.841.000
Chic. & West. Ind. sinking fund.
486,879
4 3?,366
382,8^9
M aterials and supplies................... 1,046,865
995,871 1,021,461
Union Steamboat Co......... ...........
*209,010
Special English tax deposit...........
100,000
100.000
Line trattle ass’n and ag. funds..
34,606
11,->10
34,406
Insurance paid not accrued..........
16,317
10,1 7
N. Y.<feGr. L. RR.con. aud equip.
14-.087
279,4*28
Cash in treas. aud on deposit....... 2,125,586 2,4 45.1*24 *2,180,942
Cash in tian sit Troru agents, «fco.. 1,171.178 1.197,771 1,092,272
Due from hgents and conduct'rs. 713.544
5 4 -. l - l
397,973
D ue from U. S. Gov**rnmeiit.........
122,999
115,522
103,655
Due from comp’s and indiv's........ 1.013,194
730,568
626.713
Due from subidiary com panies...
176.494
______
Reorg. oom m ittee.........
........
572,367
Total................................................321,244,479 296,559,205 295,470,320
Liabilities.
Stock 1st pref , non-cumul............ 42,844,090 30,000.090 30, 000,000
“ 2d pref , non-cumul........... 16.ooo,oo0 16,000,000 16.000,000
“ com m on......... ..........................112.246,300 100,000.000 100. 000.000
Bonded debt, Erie RR. Co.............. 100.783,600 100.923.600
100, 923,600
. . . ____________
leased lin es............. 23,960.500 23.960,500 24.480,500
Ch. A E. KR. C o ... 12.300,000 12,300.000 12,300,000
Redee’d bonds held fo r ex c h ........
660,000
520,000
Con. notesN . Y. L. E.&W. KR.Co.
96,000
120,000
109,000
ortgages ou real estate...........
413,500
261.000
439,700
Equip. Trusts, New Erie RR.......
990,000 1.170,000 1,260,000
N Y. L. E.&W R it. 1,045,340 2,405,* 90 2,983,173
N.Y.P.&O.RR. . 1,538,970
1,695,865 l,7SP,50ti
Equipm ent contract......................
c 07.250
lut. and rentals acc'd not d u e ...
979,345
997.559 1,017,209
Taxes accrued not due (est.)........
300,000
3ie.9'J0
Contingent special ta x ...................
100,000
10 ,000
Due to subsidiary com panies___
26,523
74,85
1
Reserve funds, m aintenance........
83,978
75,414
N. Y. & Gr. Lake RR. cons. aco’fc. 237,831
148,087
Int. and rentals due aud unpaid.
1,531.583 1,028,83 4
P ay-rolls.............................................. 1,526,937 11,11*8,016
) ,160,625
Aud. vouchers and accounts____ 1,158,530
1. >59,735 1,166,266
1,926,826
Due connecting lin es......................
319,154
403,963
279,655
1,137.645
151.709
503,7*28
................................................321,244.479
296,5 58,205 295.470,320
-VTotal
. fc7, p.
477.

577

1897.
$32,050,989
12,07^,668
1,421,751
158,091
240,831
666,927
295,0L3
$46,909,270
$30,000,000
9. ‘00,000
5,545,449
140,853
90,565
399,909
1,332,489
$46,909,270

GENERAL IN V E ST M E N T N E W S.
Reorganizations, Etc.—Defaults, Reorganization Plans,
Etc.—The usual index ia omitted this week, bat that cov­
ering the items pnblished to Sept. 3, inclusive, will be found
in last week’s issue.
American Telephone & Telegraph—American Bell Tele­
phone.—'Stock Increased.—A certificate has been tiled at
Albany of the increase of the capital stock of the American
Telephone & Telegraph Co. from $20,00*1,000 to $35,000,00!).—
V. 07, p. 426, 181.
Atchison Colorado & Pacific RR.—Atchison Jewell
County & Western RR.—Payments on Account o f Bonds.—
Holders of the first mortgage bonds and coupon-i of the above
companies are notified to present the same to Hiram P. Dil­
lon, Special Master, on or before Saturday, September 21,
1898, for payment of the propertionate amounts due thereon
out of the proceeds of sale. Those failing to present the same
at his office in Topeka, Kan., will net be entitled to any in­
terest in the proceeds after that date.—V. 66, p. 1043, 1139.
Baltimore & Ohio RR.—-/. J. S ill Interest in New Comany.—The reorganized Baltimore & Ohio is to have the
benefit of the experience and advice of Mr. James J. Hill,
President of the Great Northern, and it is said that the
modern methods which have been eo snccessfully applied in
the case of the Great Northern, will be carried into effect as
Chicago Milwaukee & St. Paul Railway.
far as possible in the operation of the new Baltimore & Ohio.
( Report for the year ending June SO, 1898J
Mr. Hill has personally acquired an interest in the syndicate
In oar tables of statistics in this column last week the holding of the new preferred stock. This interest is, how­
operations of the C. M. & St. P. for 1897-98 were incorrectly ever, comparatively small and not at all in the nature of a
controlling one, but simply as a personal investment.
stated. The corrected figures are as given below :
Freight Lines Already Consolidated.—Mr. J. H. Maddy, the
Operations—
1897-98.
1896-97. 1895-96.
Passengers carried.......................... 7,095,64 1 7.154.6*<9 7,427,614 Press Agent of the Baltimore & Ohio, sends out the following
Passengers carried one mile......... 253.435,504 251,110,669 260,821,497 statement:
Rai© ner passenger per m ile......... 2*362 cts. 2*277 cts. 2 357 cts.
“ A great many rumors are afloat that the Baltimore &
Freight (tons) carried...................... 14,230,742 11,554,153 12,210,055
freigh t (tons) carried one m ile.. '2.621,348 *2,193,241 *2,381,667 Ohio Railroad intends consolidating its fast freight lines, in
R ateper ton per m ile...................... * 0 9 7 2 cts. 1*008 cts. 1 003 cts. accordance with the plan recently adopted by another line.
* Three ciphers (000) om itted.—V. 07f p. 525, 529, 531.
It does not seem to be a very generally known fact that the
.

578

T H E C H R O N IC L E

Baltimore & Ohio Railroad did Us fast freight consolidating
over a year ago. There are two fust freight lines operating
over the B. & O., one being the Continental and the other the
Central States Dispatch. Those lines have a joint manager
in the person of T. H Noonan, whose headquarters are in
Cincinnati, and there is nothing more to consolidate."
iSVte Securities admitted to Unlisted Department of New
York Stock Exchange.—The new securities to be issued under
the reorganization plan were, on September 15. when and as
issued, admitted to dealings in the unlisted department of
the New York Stock Exchange.
Coupon Payments.—The receivers of the B. & O. on Sep­
tember 1 paid the interest then due, amounting to $56,330, on
the #3,300,000 Central Ohio bonds.—Y. 67, p. 481.
Baltimore & Ohio South western.—Financial Plan.—A
financial plan has been matured for submission to the foreign
interests, the object of which will be to provide new capital
for the improvement of the property with a view to the
more successful operation of the road as part of the new
Baltimore & Ohio system.—V, 66, p. 80.
Brooklyn Elevated RR.—Quarterly.—Earnings for the
quarter and the 12 months ending J nne 30 have been :

[Voi. L x v n .

General Electric.—Listing of Neto Common Stock on New
York Stock Exchange. — Che certificatei for the new com­
mon stock for $18,276,009 were listed this week on the New
York Stock Exchange and the old common and preferred
were Stricken off. Dealings in the latter will hereafter be
in the unlisted department. The ne>v certificates have the
following on the back :

" T h e s h a re s w ith in m e n tio n e d a re s h a r e s o r th e re d u c e d c a p ita l
s to c k of th e G e n e ra l E le c tr ic C o m p a n y a s s e t f o r th in th e c e rtific a te
o f re d u c tio n tile d in th e oiiico o f tits S e c re ta ry of S ta te o f N ew Y o rk ,
A u e n s t 17, 1898. T h e a s s ig n m e n t o r tr a n s f e r o f a n y of th e w lth ln m e n rio n e d s h a r e s in c lu d e s nil r ig h t, title a n d in te r e s t of th e h o ld e r
h e re o f In re s p e c t of th e o rig in a l s h a r e s r e p re s e n te d b y th e ta m e ."

Notice to Stockholders.—Under date of Sept. 8 the follow­
ing notice was sent to stockholders :

P u r s u a n t to th e n o tic e g iv e n b y th e d ire c to rs o f th e G e n e ra l E le o trio
C o m p a n y , u n d e r d a te o f J u ly 11, 1 8 93 , a sp e c ia l m e e tin g o f th o s to c k ­
h o ld e rs of th e o o m p a n y w a s h e ld fo r th e p u rp o s e o f v o tin g u p o n a
p ro p o s itio n to r e d u c e th e e a p lta l sto c k o f th e c o m p a n y , a n d a t su o li
m e e tin g th e fo llo w in g re s o lu tio n w a s d u ly a d o p te d b y v o te of th a
h o ld e rs o f 2 43,141 s h a r e s In f a v o r o f th e re s o lu tio n a n d 9 ,8 0 0 s h a re s
o p p o se d , viz,:
fiesotved, T h a tth e c a p ita l s to c k of th e G e n e ra l E le c tr ic C o m p a n y bo
re d u o e d fro m th e p r e s e n t a m o u n t to $ 2 0 ,8 2 7 ,2 0 0 , w h ic h sh a ll c o n s is t
o f 1 8 2 ,7 6 0 s h a r e s o l c o m m o n s to c k o f th e p a r v a lu e o f $ 1 0 0 e a c h a n d
2 5 ,5 1 2 s h a re s o f p re fe rre d sto c k o f th e p a r v a lu e o f $ 1 0 0 e a c h , th o
n o w e x is tin g c o m m o n a n d p r e fe r re d sto c k , a n d th e n u m b e r o f s h a re s
3 months ending
dross
yet
Interest,
June 30.
earnings.
earnings.
taxes,
etc. Balance,
deficit, oa mf eoaucnhtsh.o ld e r b e in g r e s p e c tiv e ly re d u o e d to th re e -flfth s o f th e p o s e n t
T 8 9 S ...................................... $ 3 6 S .0 0 2 $ 1 0 1 ,2 7 8
$ 2 0 1 ,4 8 9
$9 7 ,2 1 1
T h e c e rtific a te o f re d u c tio n p re s c rib e d b y la w w a s filed I n th e ofiioo
1 3 9 7 ...................................... 4 3 1 ,7 1 0
1 6 3 ,8 6 2
2 2 9 ,8 1 6
6 5 ,9 3 4
o f th e S e c re ta ry o f S ta te on A u g u s t 17, 1 8 9 3 , a n d i u t h e ofiftos o f th e
12 m o nth s—
1 8 9 7 -8 .....................
$ 1 ,6 2 6 ,4 2 3 $ 5 5 0 ,3 6 5 $ 3 4 1 ,9 8 9 $ 2 9 1 ,6 2 4 c le rk oi th e c o u n ty o f S c h e n e c ta d y o n A u g u s t 19, 1 8 98 , a n d b y su c h
a c tio n th e c a p ita l s to c k o f th e c o m p a n y h a s b e e n re d u c e d a s s e t fo rth
1 8 i e - 7 ............................... 1 ,6 6 9 ,5 8 1
6 3 4 ,1 1 1 8 9 1 ,7 8 0
2 6 0 ,3 6 9 in
th e re s o lu tio n a b o v e r e f e r r e d to .
—V . 6 7 , p . 4 2 6.
a te s o f s to c k in th e o o m p a n y no
Chicago At Atchison Bridge—Atchison & Eastern Bridge. lo An gs e thr ree pprreesseenntt tho ue tsntau nmdbine gr ocfe rtific
s h a re s th e r e in s ta te d , b u t r e p r e s e n t
ro e -fifth s o f s u c h n u m b e r o f s h a re s , su c h c e rtific a te s s h o u ld b e
—Holders of the receipts of the Central Trust Oo. of New po ron lym thp tly
s u rr e n d e r e d to th e c o m p a n y in e x c h a n g e fo r no w c e rtifi­
York or the Citizens’ Savings & Loan Association of Cleve­
e re d u o e d n u m b e r o f sh a re s. S u c h n e w c e r tif ic a te s w ill be
land for deposited bonds of the Chicago & Atchison Bridge rceaated -y foforr thissu
e o n th e 1 2 th d a y of S e o te n ib e r, 1 8 9 3 , w h e n th e tr a n s f e r
axe notified that upon presentation of said receipts at the fic
b o o k s w ill re o p e n . U p o n p r e s e n ta tio n a n d s u r r e n d e r of th e o ld c e r ti­
of th e tr a n s f e r a g e n ts o f th e c o m p a n y , th e F a r m ­
office of either of said depositaries, new securities of the e rsa’teL so aant &th eT office
m S tre e t, N ew Y o rk , b e in g
Atchison & Eastern Bridge Co. will be delivered, in accord­ th e tr a n s f e r a rug esntt Cfoo mr pNa newy , YN oo.rk16s toW cillia
e ric a n L o an &
ance with the reorganization plan in the Chronicle of T ru s t C o m p a n y , N o. 4 E x o h a u g o B u ild ink g, , a nBdo stoth en , AMmass.,
b e in g th e
tr a n s f e r a g e n t f o r B o sto n sto c k , n o w c e rtific a te s w ill b e is s n e d fo r
August 28, 1897.—V. 63, p. 1336.
th e re d u c e d n u m b e r of s h a r e s r e p re s e n te d b y th e c e rtific a te s s u r r e n ­
Colorado Midland lly.—Additional 4 Per Cent Bonds d e re d . C o n v e rtib le c e rtific a te s w ill b e is s u e d fo r f r a c tio n a l a m o u n ts .
a te s u p o n s u r r e n d e r th e re o f w ill
Listed.—On the New York Stock Exchange have been listed Trerac enivs fee nreeews coefr tifth ice apter es sfeonrt thcee rtific
re d u c e d n u m b e r o f s h a r e s r e p re s e n te d
$150,000 additional bonds of the $3,750,000 authorized, bearing th e re b y .
full 4 per cent interest, making the total amount listed to T h e o o m p an y w ill m a k e a p p lic a tio n to lis t th e n e w s to c k c e rtific a te s
date, $1,011,000. The bonds were issued in accordance with ue np ot no uthtsetaNnewd inYg ocrke rtific
a n d B o sto n S to ck E x c h a n g e s In p la o e o f th e p r e s ­
a te s.
the reorganization plan on account of $170,000 _equipment
m p t e x c h a n g e o f th e p r e s o n t o u ts ta n d in g c e rtific a te s f o r th e
bonds redeemed during the current year. This aeries, as n eAw pc reortific
a te s is r e q u e s te d .—V. 67, p . 37 0.

well as the $6,350,000 3"3-4 par cent bonds, all issued and
listed, was fully described in V. 66, p. 856,—V. 67, p. 125.
Consolidated (las Co. of New York—Additional Stock
Listed.—The New York Stock Exchange has listed $!,f00,000
additional capital stock, making total amount listed, $37,730,000. The application states that the proceeds are to be used
for the purpose of extensions, improvements and the general
purposes of the company'.—V. 66, p. 953.
Cumberland & Ohio—Louisville & Nashville.—Payment
of Mortgage.—The Louisville &' Nashville has paid off the
#300,000 seven per cent first mortgage on the Southern Divis­
ion of the Cumberland & Ohio RR which matured Septem­
ber 1, 1S9S. The mortgage was issued at the time of the con
struetion of the road, extending from Cumberland & Ohio
Junction to Greensburg, Ky,, 30 9 miles, the principal and
interest being guaranteed by the L. & N,—Y. 66, p. 616: V.
67, p. 316.
Denver & Rio Grande. Ry.—First Consolidated 4 Per
Cent Bonds Listed.—The New York Stock Exchange has
authorized the listing of $4,076,030 of the first mortgage
consolidated 4J4 per cent bonds issued to refund a like
amount of the Denver & Rio Grande first mortgage seven
per cent bonds, due November 1, 1900, with power to add to
the list from time to time to an aggregate amount of $6,383,000
when issued in exchange for the remaining seven per cent
bonds outstanding. The arrangement for the refunding of
these bonds was made with Ivuhn, Loeb & Oo. and Speyer &
Co., in January last, and the terms of exchange were given
in the Chronicle of July 23, on page 176. The total author­
ized amount of the consolidated issue under the mortgage
of 1886 is $42,000,000, of which $28,650,003, bearing 4 per
cent interest, have long been issued, and the remaining
bonds, about $6,900,000, are reserved “ for the acquisition of
the former Denver & Rio Grande Railway, or for extending
the road to Ogden,”—V. 67, p. 422, 429.
I JEvansrille & Terre Haute.—Dividend on Preferred.—A
dividend of four per cent upon the preferred stock has been
declared from the surplus earnings of the year ending June
30, 1898, one-half being payable on October 15, 1898, and onehalf on April 15, 1899. The first dividend on the preferred
stock, 1 per cent, was paid on October 15, 1806, and 1 per
cent was also paid on April 15, 1897, but none since.—V. 67,
p. 75.
Galreston & Gulf Shore.—Sold.—The franchises, right of
way, etc , were on September 6 last sold by United States
Deputy Marshall Donogh, under an execution in favor of
Frank Adams, receiver of the Denver National Bank, to Judge
R. M. Cash, for $25. The railroad, which was a Denver enter­
prise, capitalized at $100,000, was organized eight years ago
to form a means of quick transit between Galveston and a
town site started at South Galveston, about twelve miles dis­
tant. Neither project, however, was carried through to a
successful issue, although considerable money was spent in
urtherance of the same.

Illinois Central RR.—Canton Aberdeen & Nashville RR.
—Incorporated.—The application for a charter for the Can­
ton Aberdeen & Nashville RR. has been granted by the Sscretary of State of Alabama, and the ne w road has bean incor­
porated. Sixty miles, it is said, have been surveyed and will
be constructed at once, and it is the intention later to extend
the road northeastward to Dsoatur, Ala., and Nashville,
Tenn,
The report of the Illinois Central for the last fiscal year
will be found in much detail in this week’s C h r o n i c l e ,
under “ Annual Reports.”—V. 07, p. 371, 320.
Indiana Illinois & Iowa RR.—Redemption of Bonds.—
At a meeting held at Caicago on Soptember 15, the stookholders voted to consolidate with the Indiana Illinois & Iowa
RR. of Indiana, and also to authorize a new mortgage to se­
cure $3,000,000 50 year gold bonds, whieh will retire all the
present outstanding indebtedness of the company. The com­
pany has given the necessary 30 days’ notice of its intention
to redeem at par and accrued interest on October 1, at the
Metropolitan Trust Co., its first mortgage 4 par cent bonds
of 1939 and its first and second mortgage incomes. Of the
new bonds, it is stated, #3,500,000 will cover the consolidated
system, and #500,000 are to be used for extensions and bet­
terments. It is proposed to extend the line from its present
western terminus at Streator, 111., to Keithsburg, on the Mis­
sissippi River.—V. 67, p. 274.
Kansas City Suburban Belt.—Res id l for Fiscal Year.—
We are informed that the annual report for the year ending
June 30,1808, shortly to ba issued, will show the interest
earned above operating expenses, 1% par cent dividend paid
on stock and about $44,000 surplus, most of which was spent
for betterments in preparing the property for use of other
roads. The statement for the month of July shows a slight
deficit below charges, owing to the fast that business on all
the roads using the terminals was very light that month.
August, it is stated, will make a very different showing.—
V. 07, p. 125.
Minnesota Iron—Illinois Steel—Elgin Joliet & Eastern
RR.—Federal Steel.—Terms of Consolidation.—Official an­
nouncement was made on the 10th insc. ot the terms for an
exchange of shares of the above named companies for shares
of the Federal Steel Co, as follows :
Each Bhare of Minnesota Iron Co., upon payment of $27 10
in cash, is entitled to 1-355-1,010 shares in preferred stock of
Federal Steel Co. and l'84-l,030 shares in common stock of
that company.
Each share of Illinois Steel Co., upon payment of $20 in
cash, is ensitled to one share in preferred stock and 8-10 of a
share in common stock of Federal Steel Co.
Each share of Elgin Joliet & Eastern Railway Co., upon
payment of $17 50 cash, is entitled to % ol a share in pre­
ferred stock and 7 10 of a share in common stock of Federal
Steel Co.

September 17 1S98.

T H E C H R O N IC LE.

Shares of the several companies, to insure participation in
this arrangement, must be deposited with the Colonial Trust
Company of New York or Old Colony Trust Company of
Boston not later than Oct. 1, and the cash payments must be
made to the Trust Company not later than Oct. 10. Trans­
ferable receipts will be issued for deposited shares, and the
cash payment, when made, will be noted on such receipt.
The consummation of the proposed arrangement is depen­
dent upon its acceptance by holders of at least two thirds in
amount of the shares of each of the three constituent com­
panies. If, for any reason, the arrangement shall not be
carried out, the deposited shares and the cash payments will
be returned upon surrender of the receipts.
The shares of the Federal Steel Co. are of the par value of
$100 each. Suitable cash settlements will be made at time of
delivery of the new stock in respect to fractions of shares of
such stock accruing to any depositor.

Sights of Slock.—The preferred stock shall be entitle!, out of a n y
and all surplus net profits, whenever declared bv the board of direc­
tors. to non-oumulative dividends at the rate of, but not exceeding.
6 per cent per annum for the flscal year beginning on the first d a y of
January, 1899, and for each and every fiscal year thereafter, payable
in preferenee and priority to any payment of any dividend on the
common stock for suoh flscal year, tn addition thereto, in the event
of the dissolution of the corporation the holders of the preferred
stock shall be entitled to receive the par value of their preferred
shares out of the surplus funds of the corporation before anything
shall be paid therefrom to the holders of the common stock.
The common stock shall be subject to the prior rights of the holders
of the preferred stock, as herein declared. If. after providing for the
payment of full dividends for any fiscal year on the preferred stock.
there shall remain anv surplus net profits for such year, any and a ll
suoh surplus net profits for such year, and of any other fiscal
year for which full dividends shall have been paid on the preferred
stock, shall be applicable to dividends upon the common stock, when
and as from time to time the same shall be declared by the board of
directors, and out of any such surplus net profits after the close of a n y
flscal year, the board of directors may pay dividends upon the com
mon stock of the corporation for such fiscal year, but not until after
the dividends upon the preferred stock for such flscal year shall be
actually paid or provided and set apart—V. 67, p. 530.

New York Ontario&Western Ry.—Proposed 'Refunding of
First Mortgaoe Fives.—The New York Oatario & Western
has sold to Kuhn, Loeb & Co. a sufficient amount of its re
funding mortgage 4 per cent bonds to pay off the $5,600,000
first mortgage 5s. which, under the terms of that mortgage,
may be called June 1, 1899, at 105. By this operation the
company will effect an annual interest saving of about
$40,000 and the refunding bonds running until 1993 become
an absolute first mortgage. These bonds cover all the prop
erty of the company, including equipment. The last car
trust payment will bs made in February. 1899. and there is
now outstanding only $17,500.—V. 67, p. 477, 435.
Northern Paeifle.—Reasons for Dividend Fund.—We are
permitted to make the following extracts from a letter
written by one of the directors of the Northern Pacific Com­
pany explaining the motives that influence 1 the manage­
ment in creating the $4,090,000 reserve fund to ensure the
continuity of dividends on the preferred stock. The letter
was in reply to a suggestion that the money should have
been used in paying dividends on the common shares.

Those most, interested in the welfare of the Northern Paeiflo and
who are disposed to proceed with proper prudence have been care­
fully const erlng the propriety of some dividend on the common stock
at some suitable date in the present flscal year afier providing for the
requisite dividend on the preferred stock.
The Northern Pacific is now enjoyintr great prosperity—so much
greater than at any time In the past that we are constrained
by prudence to treat it as somewli.t exceptional. We have,
therefore, had to consider the possibility that if. during this
era of prosperity, we were to pay a dividend on the com­
mon stock and this era were to be followed by one of adver­
sity. we should have to discontinue dividends not only on the
common stock (which would be quite justifiable and reasonable),
but might also have to discontinue or reduce preferred stock divi­
dends. This latter result would of course cause much adverse com­
ment and distress. Would not the public feel that we should not have
paid on the common stock so long as there was any reasonable doubt
about the continuance of dividends on the preferred stock ! There­
fore It would seem desirable (and this reason which I give you Is only
one out of many leading to the same conclusion) to adopt such means
as may be In our power to insure the continuance of the dividends on
the preferred as a step precedent to the consideration of any question
of dividends on the common stock. The alternative would he to
postpone dividends on the common until their continuance should
seem Btoek
certain,
but such a course
would seem like subjecting the com­
mon
to unnecessary
hardship.
The plan adopted with reference to the three million dollar fund
seems to me a happy one. If (as I hope may prove to lie the case) it
shall not he needed for the purpose of the continuity of dividends on
the preferred stock, then after tho year 1901 it will again become
available for the purposes of the company. On the one hand the pre­
ferred does not in any event get more than it is entitled to. while on
the other hand the credit of the company and the position of the com­
mon stock both seem to lie materially strengthened.
It is not to be understood from the foregoing that the Board are
committed
an early
declaration
of dividends
the about
common
The point Itowish
to make
is, that what
has beenondone
the stock.
three
million dollar fund was uecessary as a step preliminary to the consid­
eration of the subject of dividends on the oomruon stock. The subject
has not yet been considered by the Board, but the preliminary step
has been taken, and the subject now is open to consideration when
and if the Board should think proper.—V. 67, p. 537.

Panama Railroad.—Bonis Called.—Six per cent sinking
fnnrl subsidy bonds, due November 1, 1910, to the amount of
$121,000, have been drawn for payment and will be redeemed
at par on presentation at the office of the 'company on
November 1, 1898. The numbers will be found in our adver­
tising colntnns,—V. 66, p. 1016.
Philadelphia & Reading Coal & Iron—Reading Com­
pany.—Bonds Called.—Twenty bonds of $1,000 each of the
$133,000 loan of January 30, 1331, secured by mortgage of the
Little Schuylkill Navigation Railroad & Coal Co., dated
Augnst 1, 1838, have bsen drawn, and will be paid at the
office of the Fidelity Insurance, Trnst”& Safe Deposit Co. of

679

Philadelphia, Trustee, on October 1, 1893.—V. 64, p. 1043;
Y. 61, p. 289.
Rio Grande Western RR.—Preferred Stock Listed.—The
$209,000 preferred stock required to pay the 2 per cent
dividend on the common stock recently declared payable
September 30, 1898, has been listed on the New York Stock
Exchange, to take effect on that date. The total amount
then listed will be $6,700,000.—V. 67, p. 424, 435.
Seaboard & Roanoke.—Status of Litigation.—Mach has
been said in the newsoapers about the recent decision of
Judge Simontou in the United States Circuit Court at Rich­
mond, Va., in the action of Thomas F. Ryan, a stockholder of
the Seaboard & Roanoke, against that comp my and others,
the main cause of complaint being an alleged pooling agree­
ment which is the chief factor in making possible the control
of the subordinate companies constituting the system of the
Seaboard Air Line, As a matter of fact, however, no deci­
sion was rendered on the merits, but the complainant is
merely given leave to make the signers of the pooling agree­
ment or their representatives additional defendants in the
sait and the proceedings in the Virginia Circuit, in which
Judge Simonton acts, are stayed until a decision is arrived at
in an action now pending in the Maryland Circuit said to
involve the same question.—V. 67, p. 273.
St. Louis Kansas & Southwestern—Safe.—Hiram P. Dil­
lon. Master Commissioner, gives notice that this road will be
sold at public auction at Caldwell, Kan., at noon on October
22, under the decree of sale made Sept. 23, 1897. The uspet
price is $150,000. The line extends from Arkansas City,
Kan., to Anthony, 59 miles.—V. 66, p. 811,
Terre Haute Electric Ity.—87 Per Cent of Bonds of 1893
Deposited—Further Deposits till Oct. 1.—The first mortgage
bondholders’ committee gives notice that, more than 87 per
cent of the bonds having been deposite 1, the limit of time for
receiving farther deposits is extended to October 1, after
which date bonds will only be received subject to such penalty
as the committee may impose.—V. 67, p. 484.
Union Pacific Denver k Gulf RR.—Foreclosure Decree En­
tered.—The action brought by the American Loan & Trust
Company against the Union Pacific Denver & G-ulf Railway
Company for the foreclosure of its consolidated mortgage,
and the two actions brought bv the Mercantile Trust Com­
pany against the Union Pacific Denver & Galf RrilvvayCompany for the foreclosure of the first mortgage of the Denver
Texas & Calf RR. Co. and the first mortgage of the Denver
Texas & Fort Worth Railroad Company, hive been consoli­
dated. anl a decree has been entered at Denver by Judge
Hallett foreclosing the three mortgages and directing a sale
of the entire Union Pacific Denver & Gnlf Ra lroad system.
The sale will take place at Pueblo, Colorado, probably during
November, and it is expected that the reorganized company
will begin the operation of the road about January first next.
The plan of reorganization, it is stated, will be ready about
October first.—V. 67, p. 435.
Wabash Railroad.—Extensions Voted.—At the annual
meeting held September 13 the stockholders voted in favor
of the extensions from East Hannibal, III., to Quincy, 15
miles, and Moulton, la., north to Albia, about 27 miles, re­
ferred to in the C hronicle of July 23 last, on page 179.—V.
67, p. 526, 538.
Western Union Telegraph—Quarterly.—Earnings (partly
estimated) for the quarter ending Sept. 30 have been reported:
3 months ending
Set
Sept. 30.
revenue.
1898 (estimated)......$1,550,000
1897 (aotual)............ 1,703,851

Interest
charges.

Dividends
paid.

$12-4,500 $1,216,990
224.418 1,216,972

Balance
surplus.,
$108,510
262,461

Total sarplas June 30, 1898 (estimated), $8,071,745. The
regularly percent dividend is payable October 15, 1893.—
V. 66, p. 1239.
Wheeling & Lake Erie.—Third Instalment Callei.—The
reorganization committee gives notice that it has.called the
third instalment of $3 per share of common stock and $3 per
share of preferred stock, payable at the Central Trust Co. on
or before September 29. Tnis is the third instalment called
by the committee, and, including the $1 per share paid to the
stockholders’ committee, is the fourth payment.—Y. 67, p. 540.
—Messrs. F. J. Lisman & Co., 30 Broad Street, have this
week issued their quarterly quotation sheet of unlisted and
inactive railroad bonds, covering over 750 issues of these and
also a number of bridge and coal companies’ securities. The
list can be had on application.
—Messrs. Rudolph Kleybolte & Co. offer for sale at a price
to yield five per cent the balance of the city of Tampa, Fla.,
gold bonds owned by them. Their advertisement on page
vii. gives principal details regarding the issue, and a special
circular will be furnished on application at their offices,
1 Nassau S t, New York.
—Burdett’s Official Intelligence for 1898 completes the
seventeeth >ear of this splendid statistical work. The cur­
rent volume contains 170 more pages than its predecessor
and nearly 1,009 new companies. Though colossal in pro­
portions, the volume containing over 2,509 pages, the matter
is so classified and indexed that one can readily find the de­
sired information regarding any of the thousands of corpora­
tions embraced in the work. The attempt is made to cover
all classes of securities wherever issued iu which there is an
interest in the London market. The Official Intelligence is
published by Spottiswoode & Co., 51 Grac( church Street,
London.
_ ,

T H E C H R O N IC LE .

5S0

[LX VII.

Reports and ^Documents.
ILLINOIS

CENTRAL

RAILROAD

COMPANY.

FORTY-EIGHTH ANNUAL REPORT OF THE DIRECTORS TO THE STOCKHOLDERS,
FOR THE YEAR ENDED JUNE 30, 139“.
As shown in the last Annual Report, the Illinois Central Railroad Company had. throughout the fiscal year ended
June 30, 1S97, operated 3,130 miles of railroad.
During the year ended June 30, 1898, there were added :

On Julr 1, tsiiT, the HoljtenviUa4 Elizabethtown Railway ......................................................... ......................................................................... II miles
On July i, 1897. the Troy & Tipton v llle Railroad.................................................................................... ..................................................................
5 miles
6 a .1uiV 1, I -hr;, the LotiDville Division —exclusive of Ohio Valley Rail way......................... ......................................................... 410 mites
Oil August 1, 1337, the Ohio Valley Railway.................................................... ............. ........................................................................... 189 miles
5 7 9 m ile s
T o ta l L o u is v ille D iv isio n .
.........................................
O n O c to b e r 1, 1 S!17. th e C h ica g o & T e x a s R a ilro a d .
7 5 m ile s
O n N o v eiu b t 1 ,1 8 9 7 , th e S ta e y v llle R a ilr o a d ............
8 m ile s
T o ta l.......................................................................................................................................... .................................................................................................... ......................................... 6 7 8 m ile s

Exclusive of the SOT miles of railroad owned and operated by the Yazoo & Mississippi Valley Railroad Company, the
average number of miles of railroad operated by the Illinois Central Railroad Company during the year has been 3,7*75, an
increase of 045 miles, or 20*61 per cent over the number which had been operate,l throughout the year preceding.
The following is a summary of the Company's business for the year ended June 30, 1898:

G ro ss R e o rip ta fro m T ruffle
$ 2 7 ,3 1 7 ,8 1 9 0 7
. $ 1 7 ,3 6 3 ,0 5 7 U
E x p e n s e s o f O p e ra tio n .............
1 ,7 9 2 .4 1 3 lil 1 8 ,6 5 5 ,4 7 0 30
T a x e s ...................................................
In , o m e fro m T rid ilo . b e in g th e e x c e s s of R e c e ip ts o v e r E x p e n s e s o f O p e ra tio n a n d T a x e s ......................... .......................................................... $ 8 ,6 6 2 ,3 0 1 37
N e t R e c e ip ts fro m S a le o f L a u d s .............................. .............................. ........
...................................... .......................... - .................................................
5 9 ,3 0 5 53
In c o m e f r ,m iu v e e tm e u t* , i w in d in g th o se h e ld Iu th e s u rp lu s D iv id e n d F u n d , a n d M isc e lla n e o u s P r o f its ...............................................
2 ,1 7 7 .0 6 3 81
E x c e s s o f In c o m e o v e r O p e ra tio n E x p e n s e s a n d T a x e s ......... . ............... ............ .............................................. . ................................................................ $ 1 0 ,8 9 9 ,7 1 8 7 1
9 2 1 ,4 6 1 93
S u rp lu s D iv id e n d F u n d b r o u g h t f o r w a r d J u n e 3.1, 1897, a s sh o w n iu 1 is t R e p o rt ............. .................. ................................................................
A v a ila b le fo r F ix e d C h a rg e s a n d D iv id e n d s ........... ...................................... .......... .................. ...................................... ................................................................ $ 1 1 ,8 2 3 ,1 8 0 61
F ro m th is th e r e h a v e b e e n p a id :
I a t e r c s t o n F u n d e d D ebt, a n d B o n d s d r a w n u n d e r S in k in g F u n d ............................................. ................................................... $ > ,0-3,51 5 00
R e n t of th e C h ica g o 3 t. L o iils A N e w O rle a n s R R ................. ....................................................................................$ 2 ,1 3 9 ,6 5 9 39
N e t R e n t o f th e D u b u q u e & S io u x C ity R R .............................................. ............................................................................. 7 9 3 ,4 5 2 79
R e n t of th e S t. L o u is D iv isio n .............................. ............. .........................................................................
.................... 5 3 3 .4 0 5 0 5 3 ,4 6 6 ,5 1 8 7 3
T o ta l F ix e d C h a rg e s a n d R e n t.
6 ,5 1 0 ,0 6 3 7 3
L e a v in g A v a ila b le ..............................
$ 5 ,3 1 3 ,1 1 0 91

This has been disposed of as follows :

D iv id e n d s p a y a b le M arch 1 a n d S e p te m b e r 1, 1898. 5 p e r c e n t on $51.509,090...............................................................
I n s u ra n c e F u n d a u d B e tte rm e n ts , a s m o re f u lly e x p la in e d b e lo w ................................................. ........................................................
C a r rie d f o rw a rd to S u rp lu s D iv id e n d F u n d a s o r J u n o 3 0 , 18 93 , a n d s e t a p a r t a s a p p lic a b le to f u tu r e D iv id e n d s .

$ 2 ,6 2 5 ,0 0 0 ( 0
1,7 2 6 ,451 73
9 6 1 ,6o 5 1 9
$ 5 ,3 1 3 ,1 1 6 9 1

The sum taken from the year’s Earnings has bsen used for the following purposes :

There have been added to the Insurance Fund.................................................................................................................................... ...........
There h ive been paid out for Betterments commonly charged to C ipital. inoludlng therein an allowance of $132,000 for
additional Automatic Coupler* aid Air Brakes applied during the past six months................. ............................................... ........
There have been s*t apart us a F u n d to provide during the next eighteen nimths (.Inly 1 ,1 89 L to Daoember 31, 1899), for
the entire cost, on the basis o' contracts already m ile, of all the Automatic Couplers and Air Brakes required by law In
resneot to the Company’s equipment, and of attaching them to the oars....................... .....................................................................

As compared with the preceding year :

-G ross R e c e ip ts fro m T ra iilj h a v e iu o re a n s d ..................

Taxes have increased................................................................................................................................................................
income from Traine iu excess of Expenses of Operation and Taxes has increased...............................................
Net Receipts from Lands have increased................................................................................................... ...................
Income from Investments aud Miscellaneous Profits, including Income from Investments of Surplus
Dividend Fund, have increased....................... ............................. ...............................................................................
Total Incom >in e x e - s s of Expenses of Operation and Taxes has Increased............................................. .............
The sum available for Fixed Charges and Dividends has Increased..... ....................................................................
Total Fixed Charges and Rent have increased-................................................................................................................
The sum available f o r Dividends has Increased..............................................................................................................
The sum appropriated from Earnings for various purposes has iuoroased. .............................-.............................
Surplus Dividend Fund has boon augmented bv.................... ..........................................................................................
CHARGES TO CAPITAL.

$ 5 0 1 ,1 5 1 7 3
8 2 9 .0 0 0 00
3 9 6 .0 0 0 00
* 1 ,7 2 6 ,4 5 1 73

15,706,882 63 or 23-55 p e r c e n t
2,179,113 43 *• 18-25
240,472 48 “ 22-86
2,287,296 72 “ 35 88
5,865 44 “ 10-97
3*14
63,307 56 “
2,319.469 72 *« ?7-63
69
2L98
2,363.020
7*9,365 71 “ 13-ni
43-62
1,613,651 93 “ 1050-97
L576.
1,576.451
37
, 725i “**
4 ’02
37,203

As shown in greater detail in the accompanying tables, the outlay oa Capital Account has baen as follows :

Illinois Central Railroad....................................................................................................................................................................$1,908,889 59
C h ic a g o A S p rin g fie ld R a i l r o a d . . .............................................................
..................................................................................................................................
76,438 15
K a n k a k e e A S o u th w e s te rn R a ilr o a d ......................................................
S o u th C h ic a g o R d lr m id ......... ....................................................................
C h ica g o H a v a n a A W e ste rn R a ilr o a d ....................................................
C h ic a g o M ad iso n A N o rth e rn R a ilr o a d .................................................
I m is D iv isio n (S t L o n ls A lto n A T o rre H a u te R a ilro a d )
C h ica g o A T e x a s R a ilr o a d ...................................................................................................................................................................................................

Mound City Railway.
< niton Aberdeen A Nashville Railroad.......................................... ..................................... ......................... .....................
Chicago St Lonis A New Orleans Railroad:
Main Line........ ............................ ....................................................................................................................... $203,606 94
Memphis Division............................................... ................ .......
................................................ 63,917 17
LontsvIlloDlvision.............................................................................................................................................. 270,703 99

1 ,7 1 7 3 9
2 0 9 62
3 ,1 5 0 00
5 5 ,-2 6 09
1 1 ,9 0 6 0 7
2 0 1 ,5 6 9 33
37 *1
3 0 ,5 6 7 13

5 1 3 ,2 2 3 14 $ 2 ,8 3 3 ,3 3 9 87

Of which there was defrayed:

From the Louisville Division Fund..........................................................
..............................................................
From the Fund for Betterment* set apart from the learnings of the year ended.I uue 30,1*97..........$150,uOO 00 $ 2 7 0 ,7 0 3 99
And from the Earnings of the year ended June 30,1*1)8, as shown above .................... .................... 829,0.10 00 '9 7 9 ,0 0 0 00
L e a v in g c h a rg e d to C a p ita l.............................. .........................................................................................................................................................................................
IN S U R A N C E A N D S IN K IN G F U N D S .

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

The largo addition* made to the property, especially to the equipment and buildings subject to fire risks, induced the
Directors to increase the monthly charge against Operation Expenses for credit of the Insurance Fund, from $7,000 a month
to $7,500, beginning with the month of February, 1898.

T h e I n s u r a n c e F u n d a f te r th e p a y m e n t th e re fro m o f all lo sse s b y fire w a s a u g m e n te d d u rin g th e y e i r b y $ 8 9 ,0 2 1 55 t o . . .
$ 1 9 8 ,5 4 5 2 7
A s s ta te d a b o v e , th e r e w as ta k e n fro m th e E a r n in g s o f th e y e a r a n d a d d e d to I n s u ra n c e F u n d ........................................ ........................
6 0 1 ,4 5 1 7 3
T im s m a k in g th is F u n d a m o u n t t o .............................................................................. ..........................................................................................................................................$ 1 ,0 0 0 ,0 0 0 0 0

The Trustees of the Cairo Bridge Fund hold $350,654 70, invested in securities authorized by the Mortgage, being
$42,871 68 more than they held at this time last year.
The Trustees of the Western Lines Sinking Fund hold $149,306 30, invested in securities authorized hv the Mortgage,
being $50,836 52 more than they held at this time last year.

S eptember

17, 1898.1

T H E CHRONLCLE.

581

TAXES.

The original Charter of the Company reserved to the State of Illinois, in lieu of taxes, seven per cent of the gross
receipts of the 706 miles of railroad built thereunder. The sum so paid the State has this year been 8658,723, which, if
capitalized at 'i% per cent, would give $18,820,657 as representing the proprietary interest of the State of Illinois in the
Illinois Central Railroad.
The other portions of the railroad, both in Illinois and elsewhere, are taxed in accordance with the laws of the several
States. The taxes paid in respect to them have this year amounted to $633,690 19, as against $418,343 89 in the year pre­
ceding, the increase being $185,341 30, or 41 34-100 per cent.
While it is true that the average number of miles of railroad operated, exclusive of the 705 miles specially taxed as
above, has this year been 3,069. as against 2,424 in the year preceding, this increase of 645 miles amounts to only 26 61-100
per
_ OF LEASE OF YAZOO BRANCH
r cent.
SURRENDER
The Tazoo & Mississippi Valley RR. Co. having undertaken and nearly completed the buildiug of a railroad from
Philipp to Greenwood, in Mississippi, there connecting with the railroad originally built by that Company, and subse­
quently leased to the Illinois Central, that lease was, by agreement, canceled, and the property returned to the Yazoo &
Mississippi Valley RR. Co. on June 30. 1898. The railway thus surrendered has been known as the Yazoo Branch, and
consists of 140 miles, extending from Jackson to Parsons, and from Tchula to Durant, all in the State of Mississippi.
The mileage operated by the Illinois Central RR. Co. from and after July 1, 1898, will thereby be decreased by 140
miles.
The equipment heretofore leased with the Yazoo Branch, consisting of 7 locomotives, 9 passenger cars and 832 freight
cars, has been purchased from the Yazoo & Mississippi Valley RR. Co. for $111,540.
The Illinois Central Railroad Company retains the ownership of §2,*00,000 of bonds of the Yazoo A: Mississippi Valley
RR. Co., secured by first mortgage on the Yazoo Branch, but as shown in Abstract " D" this asset, valued at $2,324,538 18,
now appears among Bonds Owned, under the heading of Bonds Pledged.
While the surplus regularly earned by the Yazoo & Mississippi Valley RR. Co. for years past, over all its absolutely
fixed charges, insures the continued payment of the interest on these bonds, it is to be expected that the earnings of the
Yazoo Branch, considered by itself, will, when connected as above outlined, be sufficient to fully meet such interest.

ST. LOUI3 •DIVISION.
The Gross Receipts of the railways subjected to the iiaa of the Mortgage securing St. Louis Division Bonds were........................ $1,451,563 04
The Expenses ot Operation and Taxe, ..................................................................................................................................................................
906,424 06
And the Excess of Receipts oyer Operation Expenses and Taxes..................................................................................................................
$548,138 98
The rent or those railways, the interest on the St. Louis Division Bonds, and on sueh bonds of the oldCunpanies as had not yet been funded, amounted t o ....... ................................................................ ............ ................... $533,40*05
But of this sum there was co leeted for interest on hoads held by the Illinois Central RR. Co.................................... 31,007 50
Thus making the Net Charges.................................................................................................................................................................
502,398 55
The Earni igs of the St Louis Division have exceeded the Net Charges by ..................................................................................
$15,740 4

Of the entire authorized issue of $15,000,000 of St. Louis Division Bonds, $5,000,000 bear 3 per cent interest and
$10,000,000 bear 3% Per cent.
Of the former, $4,939,925 have been sold and delivered, and the remaining $60,075 are reserved to take up outstanding
shares of the St. Louis Alton & Terre Haute Company.
Of the 344 per cent Hoads. $5,331,000 have been sold and delivered ; there are reserved to take up outstanding securi­
ties of the old! Companies $1,943,09), and there remain in the treasury unsold, $1,737,0J0.

LOUISVILLE DIVISION.
The Gross Receipts of 1he railways subjected to the lien of the Mortgage securing Louisville Division Bonds, exolusive of the
Ohio Valley R vilway. h ive been................................................................ ................................................................................................................$3,009,276 27
The expenses of Opera inn including faxes.......................................................................... ..................................................;.............................. 2,321,759 13
And the Excess of Receipts over Operation Expenses and Taxes...................................................................................................................... $687,517 14
There Ins been p»id. in respect to those railways, as Rent of the Cecilia Branch, and for interest on Bonds.................$666,570 00
But of this sum there was collected for interest on bonds held byjthe Illinois Central Railroad Company.................... 164,684 56
Thus making the Net Charges............................................................................................................................ ................................................... 501,885 44
The Earnings of the Louisville Division have exceeded the Net Charges by.............................. ................................................................ $185,631 70

The Gross Receipts, as shown above, were $444,297 27 more than in the preceding year. This large increase made it
necessary to improve the standard of Maintenance on that Division more rapidly than would have been required, or
justified, by smaller earnings. This in a measure accounts for the high ratio, 77*15 per cent, of the Operation Expenses
and Taxes to the Gross Receipts.
There have been laid, on those railways, during the past year, 69'95 miles of new steel rails, weighing 75 pounds and
85 pounds to the yard, in place of old rails weighing less than 62 pounds to the yard. Th3 excess of the weight of the new
metal over that of the old rails removed was 2,496 tons.
Not only has this been included in Maintenance, ani charged to Opsrabion Eioenses. bat also the great amount
of work incident thereto in the respacing of ties and increasing the amount of ballast as well as the cost of strengthening
bridges, widening embankments, etc.
The Ohio Valley Railway, including valuable terminals in the City of Evansville, Indiana, ani extending thence, by
means of a ferry across the Ohio River, through Kentucky to Princeton ; together with a leasahold interest in thg line
from Princeton to Gracey; the fee of branches from Gracey to Hopkinsville, from Morganfield to Uniontown, and from
DeKoven to the Ohio River, making in all 139 miles of railway, having been purchased by the Chicago St. Louis & New
Orleans RR. Go., was subjected to the lien of the mortgage of September 15, 1897, securing Louisville Division Beads, and
leased to tbe Illinois Central as part of that Division. Bonds secured under that mortgage, bearing 3J£ per cent interest
from and after July 1, 1898, have been executed to the amount of $3,509,000, and are now in the Treasury of the Company
unsold.

The gross reoelpts of the Ohio Valley Railway during theeleven months from August 1,1897, to June 30, 1898, were......................... $334,957 00
Expenses of operation and taxes....................................................................................................................................................................................... 257,214 51
And the Excess of Receipts over Operation Expenses and Taxes.......................................................................................................................... $77,742 49

While a large amount of the work needed to bring th“ Ohio Valley up to the standard has been done during the few
months since that property passed into our control, further outlays thereon will be require I for some time to come.
In 1890 the City of Evansville had a population of 50,756, which has since increased materially.
It was stated in the last Annual Report that :—
Contracts have been made for the issue and sale of not exceeding $20,000,000 of Illinois Central RR. Co.'s Three and
one-half Per Cent Louisville Division Bonds, to be secured by a First Mortgage on the Chesapeake Ohio & Southwestern,
the Owensboro Falls of Rough & Green River and the JShort Route Railway Transfer in Louisville, together with the
terminals in Louisville and Memphis, and other lands used in connectiou with those railways. These bonds form part of
an authorized issue of $25,000,000, the remaining $5,000,000 being reserved for future acquisitions, actual additions to and
extensions of those properties which will hereafter be known as the Louisville Division of the Illinois Central Railroad.
Of the $20,000,000 of Bonds first mentioned, $1,112,000 were reserved to purchase the Cecilia Branch or to build a line
from Cecilia to Louisville, in lieu thereof.
On February 5, 1898, the Chicago St. Louis & New Orlein.s RR. Co. form illy notified the Louisville & Nashville RR.
Co. of its election to purchase the Cecilia Branch under the option given in the lease, and offered to piy the agreed price
of $1,000,009 upon the execution and delivery of a deed conveying a good title. While the receipt of such notice was
acknowledged in writing, by the Louisville & Nashville RR. Co., and possession of the property remains in the hands of
the Illinois Central RR. Co., as lessee of the Chicago St. Louis & New Orleans RR., no deed of conveyance has as yet been
tendered, nor has the purchase price been paid.
Of the $5,000,000 of bonds reserved for future acquisitions, there have been executed, as above explained, against the
acquisition of the Ohio Valley Railroad, $3,500,000, thus making the amount of Louisville Division Bonis issued to date
$21,388,000. Of these $14,320,090 have been sold and delivered, $3,448,000 are pledged to secure Illinois Central 210 Bonds,
and $3,620,000 remain in the treasury.
►,
H O D 3 E N V IL L E A E L IZ A B E T H T O W N R A IL W A Y .

TROY A TIPTONVILLE RAILROAD.

Among the assets of the Chesapeake Ohio & Southwestern Railway Company were controlling interests in the Hodgenville & Elizabethtown Railway and the Troy & Tiptonville Railroad.

T H E C H R O N IC L E .

582

fVYL. LAY II,

The securities representing such control:
Of the Hodgenvile & Elizabethtown;

A majority of tlie entire capital stork of $123,500. to w it........................................................................ ......................................................................$90,000
And all of the First Mortgage Bonds, with Coupons tlue August 1, 1889, and after, attached, to w it............................................................ 150,0 (i

And of the Troy A Tiptonville :

One-half of the entire Capital Stork, to wit............................................................................................................................... 1...................................... ...$23,000
And a majority of the entire Issue of $40,000 of First Mortgage Bonds, with Coupons duo Sept. 1, 1888, anil after, attached, to w it........ 37,000

were sold by the Receiver of the Chesapeake Ohio & Southwestern Railway, separately and apart from the general fore­
closure sale,' the Hodgenville & Elizabethtown securities for $75,000 and the Troy & Tiptonville for §0,000, and they now
stand on the books of the Illinois Central RR. Company at those figures.
Your Company has assumed no obligations with respect to either railroad, but, at the request of the respective Boards
of Directors and Stockholders of those Companies, is temporarily operating both for their account.
Each of them is a feeder to the Louisville Division. The former runs from Elizabethtown to Hodgenville, in Ken­
tucky, 11 miles, and earned during the past year .$1,178 57 in excess of its operation expenses and taxes. The latter runs
from’ Moffat to Troy, in Tennessee, 5 miles, and during the past year failed by $1,014 28 to earn sufficient to pay its
expenses of operation and taxes.
Throughout the past year the gross receipts, expenses and taxes of these railroads have been included in the general
statements of the receipts and expenses of the Illinois Central, without taking credit for the long arrears of interest
overdue on their bonds. The cost of a foreclosure has deterred the Directors from bringing either of these properties to
a sale. Nor has it been deemed advisable to abandon either of them.
C H IC A G O <fc T E X A S R A IL R O A D ,

The St. Louis Southwestern Railway Company, whose lines, over one thousand miles in length, lie west of the Missis­
sippi River, in Missouri, Arkansas and Texas, having decided to transfer its point of crossing the Mississippi River from
opposite Cairo, Illinois, to Grays Point, Missouri, the Directors, rather than lose so valuable a connection, assumed, on
October 1, 1897, the operation, under lease, of the Chicago & Texas Railroad, and have since caused it to be extended five
miles to Gale, a point on the Mississippi River, opposite the one selected by the St. Louis Southwestern. Lands on the
river bank have been purchased, yards, an engine house and an incline built. Arrangements have been made with the St.
Louis Southwestern Company for a car ferry. The lease requires the Illinois Central to operate the railroad, and to pay,
as rent, its net earnings.
The Chicago & Texas Railroad now extends from East Cape Girardeau and from Gale, through Carbondale, to Johnson
City. It is 80 miles in length and lies wholly in Illinois.
L Changes are being made in the alignment and grades of the Chicago & Texas Railroad and of its point of connection
with the St. Louis Division of the Illinois Central, in the neighborhood of Murphysboro, with a view to save distance and
t-o turn the traffic between Grays Point and St. Louis over the line thus formed, through Murphysboro and Pinckneyville.
Nearly all of the Stock and Bonds of the Chicago & Texas RR. Co. have been purchased, and are now held by the
Illinois Central RR. Co.
The cost of the securities of the Chicago & Texas RR. Co. of the extension to Gale (which is substantially completed)
and of so much of the work in the neighborhood of Murphysboro as appertains to the Chicago & Texas and has
been finished, amount in the aggregate to 01,826.888 88. There will be further and considerable charges for additional
work in the neighborhood of Murphysboro, and in bringing the old line of the Chicago & Texas RR. up to standard.
This Railroad, besides preserving a valuable connection, runs through a fine farming country, and gives access to one
of the richest coal fields in Illinois.
S T A C Y V IL L E R A IL R O A D .
The recently built Stacyville Railroad, running from a point on the Mona Branch of the Dubuque & Sioux City Rail
road, near Lyle, to Stacyvffle, in Iowa, 8 miles, was leased from Noveenbe” 1.1897, for a rent of the net earnings of th e
property. All of the outstanding Stock, $50,800, and all of the Bonds, $60,000, of the Staeyville RR. Co. have been pur­
chased at a cost of $01,414 .68. This branch brings in a considerable traffic on which there is a long haul to Chicago.
S T A N D A R D S O F M A IN T E N A N C E .

The standard weight- of rail for main track, which was formerly 75 pounds per yard north of Water Valley, Mississippi .
and 70 pounds per yard south thereof, has been increased to 85 pounds per yard over the entire line from Chicago to Water
Valley, and from Louisville to Memphis. The standard of 75 pounds per yard is still retained on the other main lines and
on branch lines when renewals become necessary.
The rail laid during the year has been in accordance with these standards, excepting that on the Cairo Bridge and
the approaches thereto, about four miles of rail, weighing 100 pounds per yard, have been used.
In repairs and renewals of pile and timber trestles, the strength of the standard floor system has been increased by
thirty per cent, and this standard will be maintained in future renewals.
The standard width of embankment for single track has been increased from 18 to 20 feet, and all construction and
repairs on the main line are done in accordance therewith.
All of these, and many other, items go to swell Expenses of Operation.
The maximum capacity of coal cars has been increased from 30 tons to 40 tons, and 500 cars of the latter capacity havebeen bought during the year.
The maximum weight of locomotives has been increased from 74 tons to 79 tons. Contracts have been made for 16
engines of this size, for use on the Louisville Division.
A marked reduction in the price of new steel rails and an enlarged demand for old rails have made it possible this
year to use, in renewals, 31,325-40 tons of new steel rails, at a cost of only §290,868 61, although the laying of 80,155-08 tons
in the preceding year had cost $492,184 91. A part of the heavy charge for renewals of rails during the year ended June
30, 1897, was due to reducing the value of the new rails on hand to meet the lower existing market price. In all other
respects the charges for Maintenance of Way and Structures, which form a part of the Expenses of Operation, will this
year be found to have increased with the growth of the property.
S E C O N D A N D S ID E T R A C K S .

In addition to 8,807-74 miles of single main track, there are 135-33 miles of additional main track in and near Chicago ;
54-25 miles between Carbondale and Bridge Junction ; 3-01 on Cairo Bridge ; 18-38 miles near Dubuque ; 2-88 miles north of
Centralia ; 1*88 miles at- Decatur ; 2-67 miles at Waterloo ; 11-01 miles at New Orleans ; 1-52 miles at Louisville; 0-48 mile at
Evansville. Total additional main track, 225*86 miles, and 1,022-71 miles of side tracks on the entire Road, making an
aggregate of 5,056-31 miles of track.
Of the foregoing, 17-04 miles of second main track and 37-11 miles of sidings were built during this year to meet the
needs of a constantly growing traffic.
All but 9-19 miles of the main tracks and all hut 165-91 miles of the side tracks are laid with steel rails.
KC£

M O T IV E P O W E R A N D R O L L IN G ST O C K .

The Company has 763 locomotives, 651 passenger cars, 28,719 freight cars, all of which, except 9 locomotives and 212
freight cars, were, at the end of the year, available for service. Nine new locomotives halve been purchased, to be delivered
in August, and two hundred and twelve freight cars are under construction at the Company’s shops, to be finished this
autumn, replacing the engines and cars out of service. The cost of these engines and cars lias been provided for from
charges ;0peady made to Maintenance of Equipment.
R E D U C T IO N O F G R A D E S .
The economies effected through the reduction made last year in the grades against south-bound traffic between
East Cairo and Fulton, Kentucky, to a maximum of 38 feet to the mile, and the increase in the tonnage carried between
Fuiton and Memphis, have led the Directors to undertake the much more serious work of reducing the south-bound
grades between the latter points from the present maximum of 60 feet to one of 26 4-10 feet to the mile, which practically
conforms to the ruling grades across the prairies of Illinois, between Chicago and Carbondale. This work cannot be com­
pleted until toward the close of the calendar year 1899, and is estimated to cost approximately $1,200,000.
The connection of the Yazoo A Mississippi Valley Railroad with what was formerly known as the Yazoo Branch will,
when some less expensive work shall have been done at other points, afford—over your line from Chicago to Memphis,
that of the Yazoo & Mississippi Valley thence to Jackson, Mississippi, and your line from Jackson to New Orleans—a route
approximately 942 miles long, having nowhere, except between Carbondale and Fulton, grades exceeding 26 4-10 feet to
the mile against south-bound traffic. The use on these 99 miles between Carbondale and Fulton of heavy locomotives
will readily overcome the grades of 38 feet to the mile there prevailing. It will certainly be eighteen months, and
perhaps longer, before the advantages of these changes can be fulijf felt.

S eptember

T H E C H R O N IC LE .

17, 1898 j

£>83

LAND OFFICE.

There were sold during the year 4,357-26 acres of donated lands, for §37,655 80. The total sales of donated land*
aggregate 2,510,168-39 acres, leaving unsold 53,615-99 acres.
There are on hand land notes and contracts for donated lands amounting to $83,248 88.
Neither the unsold land nor the land notes and contracts appear in the General Balance Sheet.
RESIDENT OWNERSHIP.
The number of officers and employes, other than Directors of the Corporation, registered on the books of the Company
as Stockholders, has increased to 733, and their holdings amount to 2,536 shares.
The stock is being gradually purchased by those resident on and near the line. In each of the ten States in which the
Company is operating railways there are a number of Stockholders, varying from 4 in Indiana to 732 in Illinois. The total
number of Stockholders in these ten States is 1,115, and the number of shares held by them 23,630.
There are resident in the United States 3,365 Stockholders, owning 237,709 shares; in Great Britain 2,898, owning
229,252 shares ; elsewhere 120, owning 57,983 shares.
Exclusive of one large block of shares, held for more than thirty years past, in trust by a Dutch Syndicate or Admin­
istration Office, against its own certificates, good to bearer, which are widely scattered among hundreds of owners, the
average holding of the remaining proprietors registered on the Company's books is less than 75*^ shares. In the United
States the average is but little over 7012 shares.
All told, the books show 8 holdings of 5,000 shares, or over ; 51 of 1,000 shares or over : 80 of 500 shares, or over : 681 of
less than 500 but more than 100 shares ; 391 of exactly 100 shares each, and 5,170 of less than 100 shares. The number of
Stockholders registered on the books is 6,381. Barely one-eighth of them own over 100 shares apiece.
DIVIDENDS TO FOREIGN STOCKHOLDERS.

To meet a growing demand by Foreign Stockholders, especially those in Great Britain, for the payment to them in
sterling money of the equivalent, at current rates of exchange, of such dividends as may be decla-ed payable in New
York, arrangements have been made with the Bank of England for such payments. Stockholders desiring to receive the
equivalent of their dividend in this manner are requested to communicate with the Secretary, at the Company’s Office in
New York.
THE YAZOO A MISSISSIPPI VALLEY RAILROAD COMPANY.
The following abstract from The Yazoo & Mississippi Valley Railroad Company's Annual Report shows the results of
the operation by that Company of its 807 miles of railroad, formerly the Louisville New Orleans & Texas Railway, for
the year ended June 30, 1898:
Gross Receipts from Traffic................................................................................................................. -......................................................................... $4,775,647 53
Operation Expenses................................................................................................................................................................................ $3,063,975 12
Taxes........................................................................................................................................................................................................... 142,644 2 6 3.206,619 38
Excess of Gross Receipts over Operation Expenses and Taxes...........................................................-..............................................................$1,569,028 15
Interest collected on Investments................................................................................................................................................................................
206 04
Income from the Tear’s business................. ........................................................................................................................................................$1,569,234 19
As the repairs needed to make pood damage caused by floods in the spring of 1897 have been made, and the cost included in the
above charges to Operation Expenses, the fund brought forward for that purpose, from the earnings of the year ended June
30, 1897, is added to Income....................................................................................................................................................................................... 100,000 00
Making the Total Income Available...................... ........................................................... ...................................................................................$1,669,234 19

From this there has been paid for Interest on :

$16,832,000 00 L N. O . & T. 1st Mtge. Bonds................ ...................................................................................................................................................... $673,280 00
2,307.000 00 Y. A M. V. s "6 Improvement Bonds .............................................................................................. 94,680 Oo
381,068 06 Notes................................................................................................................................................................................. 17,242 72
Total of absolutely Fixed Charges....................................................................................................................................................................
All the Notes of the Company were paid In lull on June 30,18 J8..................................................................................................... ............... $785,202 72
06
There was cr dited, during the six mouths January I to June 30, 1898, to the Fund for Automatic Couplers aud Air Brakes......... 381,068
36,000 00
There was set apart, as a Fund to provide, during tile next eighteen mouths (July 1, 1898, to December 31, 1S9J). for llio entire
cost, on the basis of contracts already made, of all the Automatic Couplers and Air Brakes required by law In respect to this
Compauj’s equipment, aud attaching them to the care, $108,000.
This fund was composed of $101,302 29, taken from the proceeds of old equipment sold, to which there was added, from the In­
come of the y ear.................................................................... ....................................................................................................................................
3,697 71
There has been applied to the payment, on September 1, 1898, of overdue interest on the Second Mortgage Iucome Bonds of the
LouiBvllle New Orleans A Texas Railway Company, all the remainder of the available Income, to wit.............................................. 463,265 70
Thus disposing of the Total Income.
$1,669,234 19

The indebtedness of the Company for advances made to it since 1893, in order to enable it to buy additional terminals
in New Orleans and elsewhere, to build wharves and elevators, and to improve and enlarge its property, amounted, on
June 30, 1897, exclusive of interest, to $2,367,000. This was funded, as of that date, at par, into an issue of Four Per Cent
Gold Improvement Bonds.
For similar advances made during the year a further issue of Four Per Cent Gold improvement Bonds was made on
June 30, 1898, to the amount of $218,000.
The five engines out of service on June 30, 1897, have been replaced by new ones, and all of the 105 engines owned by
the Company were available for service on June 30. 1898.
Of the 3,278 freight cars owned by the Company twenty-six were out of service on June 30, 1898. These are being
rebuilt at the Company’s shoj>s at Vicksburg.
The cost of the new engines purchased and of the new freight cars under construction was provided for from charges
already made to “ Maintenance of Equipment.”
The Insurance Fund, amounting at the close of the year to $39,535 68, shows an increase of $28,775 95 during the
year.
The following table shows the growth of the Revenue of the Yazoo & Mississippi Valley Railroad from Traffic during
the past five years :
Y eaks
1892-3..............................................
1893-4............................................
1894-5. ..
1695-6..........................................
1896*7.............................................
1897-8............................................

Milts Operated.
807-27
807-27
807*27
807-27
807-27

Oross Receipts.
3,>38,859 50

Expenses of Operation

Taxes.

$2,463,653 47

4,775.647 53
3.063,975 12
GENERAL REMARKS.

142.614 26

Excess ofover
Oross
h'cceipts
Expenses
of
Opera­
tion and Taxes.
951,068 55
1,260,897 13
1,569,028 15

The fact that the St. Louis Division and the Louisville Division, considered locally by themselves, have each earned
during the year somewhat in excess of the charges incurred in respect to them, while in itself gratifying, by no
meansasmeasures
taken
a whole.their value to this Company, which is more clearly reflected in the increased earnings
6 of the property
Your Directors are more than ever convinced that the profit of the business lies in reaching in the large cities the
vast traffic originated in and distributed through them, for which your railway alfords the natural outlet to the Gulf of
Mexico.
The possibilities of the trade with Cuba and the West Indies are now engaging so much public attention as to call
for no comment in this Report.
It will be observed that the form of the Report has been somewhat condensed, and that changes have been made
therein. Most of these have been adopted in order to more nearly conform to the methods of accounting required by the
Inter-State Commerce Commission.
The attention of the Stockholders is invited to the accompanying Balance Sheet and to the Abstracts explanatory
thereof, as well as to the various Tables showing in detail the workings of the Company’s business.
By order of the Board of Directors,
ALEXANDER O. HACKSTAEF,
New York, August 31, 1898.
Secretary.

T H E C H R O N IC L E .

584

[VOL. LXVII.

STATEMENT OP THE NUMBER OP MILES OP RAILROAD OPERATED BY THE ILLINOIS CENTRAL RAILROAD COMPANY AND
BY THE YAZOO A MISSISSIPPI VALLEY RAILROAD COMPANY, RESPECTIVELY, IN VARIOUS STATES ON JUNE 30,1898.
----------------- Miles o f Railroad in Operation June SO. 1898.----------------- .
By
I. C. HE. Co.
By r. <£if. V. BE. Co.
States—
Jhj Both Cot.
. 1,611-38
Illinois............
' 1,611-38
14’95
South Dakota.
14 95
. 11-40
Minnesota___
11-40
. 58117
*-*»*..
Iowa...............
581*17
.....
. 9 DM
W isconsin...,.
91-31
. 13 64
Indiana.,........
13-64
. 506 28
Kentucky.......
506-28
13 11
Tcuuesstc ...
. 252-38
265*4
9
623-96
. 637*49
Mississippi__
1,261*45
- 37-74
170-20
Louisiana.......
257-94
3,807*74
Total
807-27
4,615-01
GENERAL BALANCE SHEET.

AbslrU.

Abstr't.

A

*145,044,505 S7

C

6,119,376 58

D

39,114,467 92
1,863,406 38

B

CAPITAL &TOCK of Illinois

$60,000,000 00
7,t 00,000 00

ISSUED A OUTSTANDING.
*52,500,000 00
L eased lin e stock of Illi­
nois Central RR. Co.........
10,000,000 00
F c n p e p debt of Illinois
*104,047,925 00
F unded d ebt of Chicago

I
I

RR,

1,691,665 IS
*194,103.4*21 93

Co.............................................

d iv isio n f u n d ..
N et j ia b il it ie s .......................
d iv id e n d p a y a b le 8 e p t .

E

1 . 1898.................. ..........

S et apart as a fu n d to pr o ­
v id e FOR COST OF AUTO­
MATIC COUPLERS AND AIR

F
€5- S0RPLUS PI VIPEND FUND___

ABSTRACT “ A .” RAILROAD AND EQUIPMENT.

•
Chicago A Sprinafield RR..............*..............................................................
Kankakee A (Southwestern RR.......................................................................

16,234,000 00

Lo u isv il l e

G
$3,000,000 00
961.665 18
ASSETS IN SUR* DIVID’D FUND

1

1,312,500 00
596,000 00
2,810,960 12
961,665 18
1,961,665 18
$194,103,421 93

) ,000,000 00

A s stiOivn in the R eport A s shown in the R eport
fo r the year ended 1 fo r (he year ended
J u n e 30,1898.
| J u n e 30, 1897,

*51,408,114
94
1,777.502 41
1,438,295
80
245,850
65,234 00
68
1,836,025
44
575.672
33
10,0b
8,925
17
95,392,102 31
1,935,154
81
11,978.54?
12,7/9 93r4
5,425,000 OO

Chicago Havana <k Western RR...... .......... ................... -.............................
Chicago Madison & Northern RR.................................................................
ChicagoAberdeen
St. Louis & New Orleans
RR............................................ „.............
Canton
RR................................................................
St. Louis Division tfc(Sfc,Nashville
Louis Alton
A Terre Haute RR.)..............................
Mound City RR................. -.............. ......................................................... .
Lien
on
Dubuque
& Sioux Citv RR. to seenre L C. 4% West. Lines Bonds.
Yazoo A Mississippi Valley RR. (Yazoo Branch).........................................
Total.............................................................................................................. *122,187,205 36
A dditional items shows in R eport for this tear ended J une 30,1898:
21,388,(00
00
Louisville Division Lease & Mortgage Lien..................................................
75,000 00
6.000 6300
61,414
1,326.885 88
Total...................... .................................................................................................. * 1 4 5 .0 4 4 ,5 0 5 87
ABSTRACT “ C.” STOCKS OWNED.

120,281,925 00
2,647,056 77
2,193,314 80

Increase
or
Decrease.

$£0,476,225
) ,701,064 35
26
1,4245,t>40
36,578 48
41
65,234 68
1,832.574
84
575,672
33
10,043,599 08
35,119,578 16
63
71,904,517
306,592 91
12,741
73
5,425,( 00 00
2,324,539 18
*118,469,629 04

r. *129,€89 59
1,I.
76,438
15
1,717
1.
209 39
52
I.
3,450 60
I.T. 272,524
55,326 09
15
I.
30,56713
I.I, 4,671,955
02
37 81
D. 2,324,539 18
I. $3,717,576 32
I. 21,388,000 OO
I.I. . 75,000
6,000 00
00
1.
61,414
63
I. 1,326,885 88

SI 1 8 ,4 6 9 ,6 2 9 04

I,* 2 6 ,5 7 4 ,8 7 6 S3

Illinois Central P.R, Co. Stock ami Scrip.
Leased Line Stock. I. C. HR Co................
Chicago St. Louis A New Orleans RR. Co.
Dubuque A Sioux City RR, Co...................
Mississippi Valley Co..................................
Chicago A Sprinatield RR. Co....................
Other Stocks....................................................

Par Value.

Book Value.

P a r V a lu e .

L o o k V a lu e .

$62,(09 63
*55,250 00
11,000 00
10,870 00
10,200 00
10,200 00
5,966,509 95
9,938,600 00
300,000 00
43.125 00
25.000 00
25,000 00
762 00
18,375 00
$10,358,425 00
*6,119,376 58
N ote —As will be seen by reference to Abstract “ H,” the dividends received during the year on shares owned amounted to $817,785s
which is 3-07 per cent on the par value and 5-19 per cent on the book value above set forth.
ABSTRACT “
BONDS OWNED.
Illinois Central RR. Co. 1% Gold Bonds of 1953.................................................................................................
Illinois Central RR., Western Lines, 1st Mortgage, 4% Gold Bonds of 1951...............................................
Illinois Central RR. Co,, St. Louis Division A Terminal. 1st Mortgage 3ij% Gold Bonds of 1951..........
Illinois Central RR. Go., Louisville Division A Terminal. 1st Mortgage 3 Vo Gold Bonds of 1953.......
St. Louis Imiiaimpolla At Eastern RR. Go. 1st .Mortgage 0% Gold Bonds of 1899............... .......................
Mississippi Valley Co.. Registered, 4 Gold Bonds of 1950.................................. ....................................... .
Yazoo A Mlfeusfdppi Valley RR. Co. 4 Gold, Improvement Bonds of 1934, Reglsleted......................
Mss-iHuiDpi Ci-nliai Second Mortgage (past due).................................................................................................
......................................................................... ..

B o sd s P led g ed —

—

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

Seo Abstract "K."
Yazoo A Mississippi Valley RR, Co. First Mortgage 5% Gold Bands of 1952........................................
Cherokee A Dakota TiR Co. s ...................... .............................................................. $3,1 in,OsO 00
< eda i i 111 s 0 icago RR Co. 5 . -................................................................................ 830,0! 0 00
t Louisville New Orleans A Texas Rr. First Mortgage Bonds....................................... $16,832,000 oo
L ■ i
............. I 1 i
.8 OOnd Mortgage Bonds................................... 9,104,0001 1
Louisville New Orleans A Texas Ry. Land Grant Income Bonds............................ 9,904,000 00

*71,000 00
13,000 00
1,737,0110 00
3,620,( oo oo
123.000 00
150.000 00
2,585,000 00
600 00
2,000 00
*8,301,COO 00

*71.000 00
13,000 00
1,699,266
19
3,310,200 0O
123.000 OO
150.000 00
2,585,000 00
600 00
986 00
*7,953,052 19

2,800,000 00
3,930,000 OO

2,324,538 18
3,930,000 00

35,840,000(0

24,906,877 55

$50,871,600 00
*39,114,467 92
N ote.—A s will be seen by reference to Abstract-‘If.” the interest reoelved during the year ou bonds owned amounted to $2,299,158 76,
which is 4-52 per cent on the par value and 5*88 per cent on the hook value above set forth g-.a .....

T H E C H R O N IC LE .

S eptember 17, 1898. |
Asssrs.

ABSTRACT

585

ASSETS AND LIABILITIES.

L iabilities .
and
Bills
payable.....................................................
$50,000 00
C ash............................................................... — .......................$1,580,643 60 ’ Loans
Vouchers
and
Accounts—
Bills Receivable and Loans on Collateral........................... 939,548 74 •■ Audited
FundSubsidiary
for
Renewal
of
Engines
and
Freight
Cars..........
236.773 03
Dae from Agents..................................... ................................. 783,097 65 Due
tmpanies..............................................
99
Du© from Solvent Companies andIndividuals ............... 823,972 69, Other Accounts Cpayable.
............................................. 1,111,260
1,626,033 19
Real E s t a t e ............................................................................... 353,126 33 Vouchers audited prior to June
153/446
39
Other Asset s>...............................................................................
70,963 92 Vouchers audited for June, 18931,1898..........................
..............-..................... 859,836 16
|! Wages
and
Salaries—
Due for
priorthetomonth
Ju te 1,1893.
........................................... 149.990 51
................. ................. 1,190,109 94
Due
of June, 1893
Net
Traffic
Balances
due
to
other
Companies.................
209,935 65
Dividends
not
called
f
o
r
..............................
...................
Matured Interest Coupons unpaid (including
coup ms 51,334 30
due July 1,1 8 9 8 c......................... ...................................... 800,622 53
Total Assets...........................................................................$1,6 L1,352 93 Rents du«July 1, 1898 ........................ ............................... 200,000 00
Balance—Liabilities............................................................ 2,193,314 85 Miscellaneous............................................................................. 164,740 10
16,304 667 79
Total
Total...................................................................................$6,801,667 79
ABSTRACT “ F ” INSURANCE FUND.
Amount at credit of Insurance Fund .Tune So, 1397.......... ................. ................................................................................ $409,526 11
86,500 00
Added to this Fuad during the year end'd June 30, 189 i, through monthly charges to Expenses of Operation..
lb ,960 00
Interest received on investments of the Fund.......... ................*.....................................................................................

L?sses by fire.. ............................................ .................. ............ ..........................................................
Added to this Fund from Earnings of the year ended J une 30,1398, as shown on page 1..
Amount at credit of Insurance Fund June 30,1893..
ABSTRACT 66 G ” APPLICATION OF INCOME.
Dr.
Surplus Dividend Fund June 30,1897, as shown in last report.
N et R eceipts during ttie year ended J une 30, 1893 —
From the Operation of the Railway, as shown in Abstract ‘‘L”.
From the Land O ffice......................................... ................. ..................... ..............................
From Investments and Miscellaneous Profits, as shown in Abstract “ H”..................
O r.

$ 193,54S 27
501,451 73
$ 1 ,0 0 0 ,0 0 0 00

$3,662,349 37
59,305 53
2,177,063 81

$924,461 83
10,898,718 71
$11,8 23,180 64

IKTEREST ON BONDS—
$ 100,000 00
October 1,1897, and April 1,1893, on 4 per cent Sterling Bonds........ ........................
60,000 00
January 1, 1893, on 6 per cent Springflel l Division Bonds.......... ................................
35.000 00
July 1, 189 L on 3^ per cent Springfield Division Bonds...............................................
168,750 00
October 1, 1397, and April 1, 1898. on 5 per cent Sterling Sinking Fund Bonds____
50.0 10 00
December 1,1 *97, an l June 1, 18 H, on 5 pjr cent Sterling Bonds ... ...................... .
43,400 00
August 1, 1897, and February 1, 1393, on 5 per cent Middle Division Bouds-----....
217.000 00
August 1, 1897, and February 1, 1898, ou Western Lines 4 per cent Bonds of 1951.
60.000 00
January 1 aad July l, 1893, on 4 per cent First Mortgage B onds.................................
600.000 00
October l, 1897, and April 1, 1893. on 4 per cent Gold Bonds of 1952. .....................
120,000 00
December 1, 1897. and June 1, 1893, on 4 percent Cairo Bridge Bonds of 1959.......
1 , 000.000 00
November 1, 1897, and May 1, 1893. on 4 per cent Gold Bonds of 1933.................—
87,46 > 00
January 1 and July 1, 1893, on 3»g percent First Mortgage Bonds.............................. .
134,310 00
January 1 and July 1, 1893. on 3*g percent 8terling Bonds of 1150..............................
Januaary 1 and July L, 1893. on 2-1 >4 per cent Bonds of 1 9 0 1 .......... ....................
187,620 00
75,000 00
September 1,1897, and March 1, 1898, on 3 per cent Sterling Bonds .........................
£2,993,545 00
Illinois Central 5 per cent Sterling Sinking Fund Bonis of 1903 drawn for payment............................................1
50,000 00
R ent of C. St. L A N. O. RR.—
November l, 1897, Interest on 7 per cent C. St. L . A N. O First Mortgage Bonds............. .................................... ' $ k7,565 00
December 1, 1397, and June 1. 1893. Interest on 6 per cent C St. L.
A N. O Second Mortgage Bonds.|
4,800 00
December 1^. 1897, and June 15,1393. Interest on 5 per cent C. St
L. & N. O. Gold Bonds....................1 327,750 00
December 15,1 8 *7. and June 15, 1893, Interest on 3** per cent C St L. & N. O Gold Bonds.....................'___I
47.320 00
Dec. 1,1897, and June 1. 3 893, Interest on 4 p. ct. C. St L & N. O ,
Memphis Dlv., First MortgageBonds 140.000
.I
00
December 1, 189 7, and June 1,1893, Interest on 5 per cent C. Bt. L
A N. O. Cairo Bridge Bonds..........I 150.000 00
For account Cairo Bridge Fund, December 1, 1397, and June 1, 1893.......................................................................1 30,000 00
January 1 and July 1,1393, Interest 9 4 per cent on Lease 1 Lino Stock............................................................
400.000 00
Salaries of Trustees aud others....... .............................................................................................................................
2,233 50
Jauuary 1 and July 1,1893, Interest on Illinois Central, Louisville Division and Terminal 3*g per ct. Bonds 418.950 00
Rent of Cecilia Branch...................... ............................................................. .................................................................
60 000 00
Rent of Line from Princeton to Graoey.................................................................. ...................................... ............
11,036 39| 2,139,659 39
Rent of Dubuque & 8ioux City R R . (including $ 16,733 6 ) Sluking F u n d on I. O. “ Western Lines” Bonds).......... $ 1,010.45 2 79
Less, Intei est on Illinois Central R R . “ Western Linos ’ 4 p e r c e n t B o n d s (see above)........................................... 217,000 00
793,452 79
B ent of S t L ouis D ivision (Sr. L A & T. H. RR) —
Iutereston Prior Lien Bonds, reutals of Le ised Line-* to S e p te m b e r 30. 1*97....... ............................................... $138,075 80
January 1 an l.July l, lb»8, Taterestou Illinois Central, St. Louis Division and Terminal 3 per cent Bonds.
143,197 751
January l and July 1, 1893, Interest on Illinois Central, 8t L o u is Division and Terminal Jbi per ct. Bonds. 199,132 50
533,403 05
Dividend, M irch 1.1893. on Illinois Central Shares............................................ .............................................................. $1,312,500 00
Dividend, September 1,1893, on Illinois Central Sh ires..................................................................................................... 1,312,500 00 2,825,030 00
Added to Insurance Fuad........................ . . . ............................................................ . .
$101,451 73
Betterments p aid f.»r from Income of current year............... ..............................
8 29,000 00
Set apart as a fund to provide for cost of Automatic Couplers au 1 Air Brakes.
396,900 00 1,726,451 73
$10,361,515 46
Surplus Dividend Fund, appl cable to Future Dividends.
981,665 13
$11,823,180 64
ABSTRACT “ I I ” INCOME FROM INVESTMENTS AND MISCELLANEOUS PROFITS.
Dr.
Interest on Bills Payable less Interest on Money Loaned.
$158,268 26
E xpenses N ew Y ork Office —
Salaries....................................................................................
$51,297
33
Expense........................................................................
109,760 82
161,058 15
Discount on Bonds Sol 1........................................................................................................
294,700 00
Fixed Charges of Subsidiary Lines written off. \ . .
... ..................................
674,584 66
Balance, representing Net income from Investments and Miscellaneous Profits..
2,177,063 81
Or.
$3,465,674 88
I, nterest on B onds Ow ned —
111 nois Central 4 per cent Gold Bonds of 1953...................................................
$2,840
00
Illinois Central • Western L nes” 4 per cent Bonds ...................... ................
520 00
Illinois Central, St. Loun D.vision and Terminal -Dg per cent Bonds...........
30,397 50
Illinois Central Louisville Division and Terminal 3*g per cent Bonds........
143.564 56
St.
Louis Ind.Valley
& Eastern
RR. Co,, 1st Mortgage 6 per cent Bonds.................
7,380 00
Mississippi
Co. Bonds.........................................................
...........................
29,710 00
Y. A M. \ . RR. Co. 4 per cent Gobi Improvement Bonds..................................
9 4.080 00
Cherokee A Dakota RR. Co 5 per cent. Bunds......................................................
155.000 00
41,500 00
Cedar Rapids A Chicago RR. Co, 5 per cent Bonds............................................
L. N. O. & T. Ry. Co. 4 per cent Bonds...................................................................
67 f,280 00
470,441 28
L. N, O & T. Ry. Co. Second Mortgage Income Bonds.....................................
18,007 87
C. St. L. & V. O. RR Co. 3*g per cent G >ld Bonds..............................................
263,300 00
C. St L A N. O. RR. Co 5 per cent Gold Bonds ................................................
150.000 00
C. St L A N O. RR Co. Bridge Bonds.................... ...........................................
12,000 00
Illinois Central, Springfield Division, 6 per cent Bonds....................................
Illinois Central, 2-10 percent Bonds......................................................................
21,120 00
182,625 05 $2,298,158 76
Cuesapeake
Ohio
A
Southwestern
RR
Co.
1st
Mortgage
6
per
cent
Bonds.
Other Bonds.........................................................
. ..................................
1,792 50
$94,101 14
Interest collected on notes receivable.........................................
17,242 72
111,343 86
Interest collected on Yazoo A Mississippi Valley RR. Notes.

586

T H E C H R O N IC LE .

fVOL. LXVII

Brought forward.
Illinois C entral RR. Co. Stock................ ................
$675 00
Illinois C entral HR. Co. Leased Li lie Stock—
•110
00
Chicago St Louis A New Orleans HR. Co# Stock
108 00
D ubuque A Sioux City HU. Co S to c k ...............
208,158 00
Mississippi Talley Co. Stock,.................. ..
18,00000;
O ther Stocks................................................. ..... .
104 00
Interest to Ju n e 30, 1898, on Securities in Surplus Dividend Fund
....................
$37,320 00
$18,34 1 87
Bterliug E xchange.......................... ................ .r ........................................
Sterling E xchange Loan A ccount............................................................
6,893 09!
Sundry profits................ . . . . .............................................................................
1,247 64
26,182 60
Interest mi Bonds of Subsidiary Lines pledged to fceuro $15,000,000 IllinolB Central 4 per cent
Gold Bonds vf 195
350 000 5 p e rc e n t Bonds..................................................................................$ 8 1 7 ,5 0 0 0C
Less interest collected front Dubuque .V Sioux City UK. Co. us above.
On Cherokee .V D akota H R Co. B onds----- ----------- ...
.. . . . . . . . . — ............................. $ 1 5 5 /0 0
On Cedar Rapids A Chicago HR. Co. B onds.................................................................................. 41,500 196,500 00 $62 L,000 00
South Chicago RR. Co. 5 per cent B onds.............................. ............... ........................
10,000 00
Interest on Canton Aberdeen A Nashville RR Co. Note given for Bonds canceled.
12,500 00
In terest on Notes given for advances m ade the following1com panies:—
Chicago H avana A W estern BR . Co...........-........................................ ........................
R an tout HR. Co ....................... ............................................ ........................... ..............
8,429 38
31,084 66

$2,*CG,S0t

62

D iv id e n d s o k S h a k e s O w n e d —

317,785 00
63,802 60

674,584 66
S3 465,674 8S

CHARGES TO CAPITAL.
BY ROADS.
Illinois Central Railroad............... -........................................................................... .......................................... $1,908,859 59
Of which there was defrayed from the Income of the year ended Jun e 30,189 7— $150,000 00
And from the Incom e of the current y e a r..............................— ...................................... 829,000 00 979, Of 0 CO
$929,889 59
Chicago A Springfield R ailro ad .............................................................................................................................................................
76,438 15
Kankakee A Southw estern R ailroad................ ............... ...................................................................................................................
1.717 ?9
South Chicago R ailroad.................................... ............................................ -............................... ........................................... .............
209 52
Chicago H a v a n a A W estern Rail road........... ......................................... -............... .................. .................................... ................
3,450 60
Chiea-so M adison A N orthern R ailroad....... ........................................................... ...................................................... .............
55,326 0
St, Louis Division (Sr. Louis A lton A Terre H aute R ailroad)......................................................................................................
11,906 071
Chicago A Texas R ailroad.................................................... .................................................................................................................. 201,569 S3
Mound City Railw ay................................................................................................................................................. ...................................
37 SC
Chicago St. Louis A New Orleans R ailroad—
Main L ine......................................................... ............................................................................. . $208,606 98
Memphis Division ................................................. ...................................................................... 63,91717
Louisville Division . . . ............................................................................................- ................... 270,703 99 $543,228 14
Of which there w as defrayed from Louisville Division Fund,
270,703 99 272,524 15
Canton Aberdeen A N ashvil'e Railroad — ............................................................... ................................. .......................................
30,56718 $1,583,635 88DISTRIBUTED AS FOLLOWS.
CONSTRUCTIOXWay Lands a cq u ired .................. ..................................................; ...................................................................................................
$3,672 69
Station G rounds acquired........................... ........ ................................ ................. .............................................................. -........... 197.528 33
Station Grounds - Im provem ents...................................................................... ......................... .................................................. .
18,888 50
176,670 89
Buildings.........................................-........................................................................................................................................................
11.119 24
W ater W orks......... .................... ................................................................................................... ......................................... ...............
138,890 43
SidlDgs.................................................................................................. ................ ..................................................................................
C attle G uards and C ro ssin g s .......................................... ................. . ........................ ........... ...................................... ......... .
53,932 64
B allasting........................................................ ..................................................................................................................... ................
93,070 91
6,8 5« 80
Interlocking......................................................................... ...................... ................................... .......................................................'
21,217 50
Block Signals........................................................................................................................ ................ .....................................................
14,036 39
Lake F ront im provem ents, Chicago........................................................................ ........................................................... ................
Lake Shore Protection, C h icag o ....................... .................................................... ..............................................................................
27,233 97
8,982 72
Approach to Cairo Bridge, Illinois Sic re ..................................... ................................................................ .................. ................
404 63,
Approach to Cairo Bridge, Kentucky .Shore......................................................................................................................................
215,655 91
New Second Main T rack................ .................................................................................................. .......................................................
2.407 89
Raising Grade of T racks................................................................
...................................................................... ..... .............
Reduction of Grades betw een East Cairo, Ky., and Memphis, T enn..........................................................................................
202,419 44
G rays Point E xtension of the Chicago A Texas RR . including $14,148 75 for Way Lands acquired............................
129,294 83!
Connecting Tracks of Chicago A Texas RR. w ith St. L. A, A T. II. RR. a t Murpliysboro, III., including $42,941 25
63.457 48;
for Way L ands acquired........................... ............................................................. .......................................... ........ . . . . .....................
Changing L ine of Road E ast of M ount Carbon, III..................................... .......... ................ ... .................................................
27 06
Elevation St. Charles Air Line, W est Approach. Chicago (this Com pany's proportion)....................... ....... .............
9.S43 9P
E levation E ast Approach, 8t. Charles Air Line Tracks, C h ic ag o ................................................................. ...................
11.74 8 49
Elevation of C. M. & N. Tracks at 16th St., Chicago........................................... ...................................................................
3,485 00 $1,410,345 73E q u ip m e x t —

New Passenger Cars,

2 Cafe C a rs .......................................... ..................................................................
Less Insurance collected on Sleeping O ar.............................
5 Mail C ars....................................................
New Freight Cars,
200 Stock C ars......................... .........................
3,605 Box C ars........................................
500 Coat G a rs.,.................................................
15 Caboose Cars................................................
New W ork Cars,
100 Rodger B allast Cats and 2 Plow Cars.
Old Equipm ent purchased from Y. A M. V. RR. Co.—
7 Locom otives...............................................
9 Passenger C ars......... ................................
832 Freight Cars................
A utom atic Couplers and Air B rakes..........................................................
New Shop M achinery and Tools............... ................ ..............................

$22,772 36
11,885 00

$14,000 00
12,400 00
85,140 00

$10,887 36
27,055 00
98,13 6 25
741,220 8231,677 50
11,124 3 ft
56,495 55

111,540 OOj
132.000 00
2,877 25 | 1 ,4 2 2 /0 4 1 4
!$2,833,339 87
Less: Defrayed from Louisville Division Fund..................................
$270,703 99
D efrayed from the income of the year ended Jun e 30 ,1 897__
$150,000 001
D efrayed from th e Incom e of the current y ear..................................
829,000 00' 979.000 CO 1,249,703 99
$1,583,635 88
OOMPARTSON OF MONTHLY RECEIPTS AND EXPENSES FOR THE YEARS ENDED JU N E 30, ’ 898 AND 1897.
l J. O. o f N e t P e r C e n t o f theOperation E xpenses and
G ross R eceipts ,
N et R eceipts .
Y e a r 's
R eceip ts to
T axes .
(iro n s Reefs. | N e t R eceip ts,
1897,
1890.
1890.
In c r e a s e .
1897.11896. 1897. 1896.
1897,
! 1890,
1897.
$
45
$
$
$
$
$ 00 326.316
5*1250
4r> 149,803 55 24-00 19 91
J n J y „ ......... 3,984,07* 22 1,638,621 40 1.507,955 22' 1.312,308 01 470.120
5A ug ust____ 2.175,080 9 1,650,862 70 1,605,710 78 1,2:11,849 59' 569,970 17 419,013 20 150,956 97 20-20 25-3*
6*5758
61,910,053 88 1,668,073 50 1,324 076 98 68e,128 46 585,376 90 94.751 50 28-99130^51 7 85 9 1 8
.
Septem ber..
O ctober....... 2,4 39.389 8 5 2,243,610 031 1,5' 0,1-15 no 1,421,098 75 878,744 19 822,520 88 50,223 31
10 15 12 90
N ovem ber. 2 563.70 < 77 1,809,565 92i 1.570.753 6- 1,380,099 42 992.955 09 489,466 M> 603,488 59, 38 73 26-18 11*46 7*CS:
December.. 2,578,24 3 92 2,090,515 83 1,555,871 91; 1,319,502 98 1,022,372 01 776,952 85 245,419 16 39-65 37 06 11-80 12*19*
TT first 0 m . 14,087,300 73 11,409,242 51 {*..107,010 81; 7,989,595 73 4.620,289 92 3,419.646 78 1,200,643 14 32*79 20*9^ 53*34 53-64
1897.
1898.
In c r e a s e
1897.
1897.
« 03. 1897. 1898.
ISOS.
1 1897.
1898.
*
$
$
$
$
>S
1
*
S F4 722.6
Jan u ary — 2,276,720 15 1,898.262 Of 1,513,204
11 34
40,863
88
2
06
8*81
33*54
^8*07
2!
1,175,610
00'
763,515
February ... 2,183,39 4 07 1.764,240 34 1.192.2*0 28 1,191,413 36! 691,187 79 572,826 98 118,360 81 31*66 32*47 7*98 8*98
M arch........... 2,277,769 45 1,799,818 20 1,519,032 50 1,247,212 54 758.736 89 552,605 7 / 206,131 17 33*31 30 70 8 76 8*67
A pril----...
. 1,614.421
47 1.588.248 78 1,253,204 45 S31.H 1 1 1 361,217 o> 169,924 12 25*06 22*37 6*13 5*67
M ay_______
1,831,498 73 1,534,920 61 1,395,208 80 700.737 21 526.229 93 174,507 28 31*34 28*73 8*09 8*25
J a n e ............. 2,137,5*3 53
1,540,843 05: 1,573,570 51 596,740 48 219,874 1< 376,860 32 27*92 12*26 6*89 3*45
T’l last *■ m. 13,230,518 94 10,701,694 53 9,188.45 9 49; 7.746,288 66 4,042,050 45 2,9'5,405 8* 1,086,653 58 30 55:27 62 46*66| 46*36
T11 for year 127,317,81!) 67 27.lit),937 04 18 655.470 301 18,* 35.884 39 18,662,3 19 37 6,375,052 65 2.987.290 72 '' 31*71 28*83 100 ool 100*00

S eptember 17, 1898.J

T H b) CH RO NICLE,

5S7

COMPARATIVE STATEMENT OF RECEIPTS FOR THE Y EiRS ESOED JUNE 30. 1393 AND 1897.

Mail “

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

Y ea r en d ed J une 30 t h .
Increase.
1897.
1898.
$18,918,729 43 $15,162,018 66 $3,756,710 77
4,214,461 45 889,3 50 80
5,103,8i2 25
588,543 50
91,771 77
680,315 27
515,2(0 08
51,192 26
56H.392 34
84,889
69
21,173 21
106,062 i 0
96,017 54
3,226 39
99,273 93
15,190 00
2,174 96
17,364 96
798 25
2,527 43
3,325 68
56,074 80
227,478 72
283,553 52
9,744 90
204,014 98
213,759 1-8
S,136 06
5.163 47
2.972 59
13.677 501
1.735 47
15,412 97
8,170 62
4,147 91
12,31^ 53
9S0 65
969 90
31,312 20
99.980 41
131,292 61
47,852 39
40,702 10
88,554 49
902,287 63 ■ 166,257 32
1,068,544 95
$22,110,937 0-F$5,206.882 63

Per
Cent of
Increase'
or Decrease Decrease.
24-78
21-10
15-59
9-94
24-94
3 36
14-32
316-62
24 65
4-78
57*57
12-69
50-77
1-10
319-30
117-57
18-43
23*55

$10 75

Total............................................................................................................
COMPARATIVE STATEMENT OF OPERATION EXPENSES FOR THE YEARS ENDED JUNE 30, 1898 AND 1897.
Y ear ended JUNE 30TH.
Per Cent of\ Detrease
- Increase. [increase or\ Decrease.
Decrease. ,
1897.
1898.
64
Maintenance of Way and Structures.........................................................
$3,594,050
$-1,255,224
58 $661,174 06! 18-40
Maintenance of Equipment.........................................................................
15-47
3,132,719 63
2,712,978 54 419.741 09
Passent:er Train Expenses..........................................................................
1,287,091 61 247,009 81
1919
1,534,101 42
Freight Train Expenses...............................................................................
3,603,179 O'* 2,935,398 61 667.7S1 07* 22-75 1
-Clearing Wrecks..............................................................................................
19,090 90
•43
19.173 03
82 13
Station Expenses.............................................................................................
2,060,» 94 05
1,718,025 67 342,668 38
19 95
64,135 83
Transportation and Traffic Superintendence..........................................
423,103 62
353,967 79
17*7
Miscellaneous Expenses, Transportation and Traffic Departments.
239,645 23
227,248 21
5-46
12,397 02
Telegraph Expenses......................................................................................
223,019 14
255,146 44
14-41 1
32,127 30
Claims and Damages......................................................................................
365,031 90
•40
366,480 oo
1,448 65
Rent of Tracks and Terminals...................................................................
162,198 23
13 9,T9 8 67
23,299 561 16-74
Mileage of Cars (balance).............................................................................
265,3)9 58
261,712 75
3,626 831
1-39
I
Outside Agencies...........................................................................................
290,964 90
242,353 57
48,611 33
2005
Advertising....................... .............................................................................
68,004 42
04
58,-65 48
15-53
9,138
Eating Houses and Cafe Cars.....................................................................
101,540 2
38,381 2 4 68,158 981 164-58
Marine Equipment.........................................................................................
22,514 87
1,031 60
21.4 SO 18 207600
Salaries of General Officers..........................................................................
93,232 18
10
8-39
90,628
7,604 08
Salaries of Clerks and Attendants.............................................................
170,024 11
16
114,520
25,‘
03 95
17-65 i
General Office Expenses and Supplies......................................................
73,690 51
66,231 31
7,459 2(
ii-2
6 :
Legal Expenses................................................................................................
98,647 29
85,289 81
15-66
13,357 48
Insurance.................................................................................... •.....................
79,245 3.H 15,317
94,563 17
84
19-33
Sundry General Expenses..............................................................................
27,569 34
35,579 62
22 51
Total...................................................................................................... $17,363,057 11 $14,683.^43 68 $2,679,113 43
18*25

COMPARATIVE STATEMENT OF TRAFFIC FOR THE YEARS ENDED JUNE 30. 1308 AND 1897.
Y ea r

en d ed

J one 30 th .

1898.
1897.
Tons of Freight Carried............................. 12,694,059
9.948,367
Tons of Freight Gained One Mile.......... 2,722,540,585
2.258,388,132
Average Distance each Ton was Carried
214-47 miles
227-01 miles
$15,162,018 66
Freight Receipts......................................... $18,918,729 43
$L 52
$1 49
Average Rate per Ton per Milo..............
671-1000c
Freight Receipts per Mile of Road........
$5,011 78 695 1000c
$1,8 43 77
Mileage of Engines HauTg F’ght Trains 14,247,161
11,668,882
Freight Receipts per Train Mile.............
$1 29 14-lOOc
$1 32 79-lOOc
Number of Passengers Carried............... 13,772,221
12.827,205
Number Carried One Mile........................ 263,336,693
212,985,073
Aver. No. Miles Traveled by each Pass.
16-60 miles
19-12 miles
Passenger Receipts....... ........................ $5,103,812
25
$4,214,461 45
Average Fare of each Passenger............
37
6100c
32 86 100c
Average Rate per Passenger per Mile..
01 938 10)0c
01 979-lOOOc
Passenger Receipts per Mile of Road...
$1,346
38
$1,352
06
Gross Receipts of Passenger Trains___ $6,600 609 75
$5,515,130
51
Grois Rec’ts if Pass. Trains p. M of R’d
$1,761 90
$1,748 58
Mileage of Engines Haul’g Pass Trains
8,464,746
7,121,614
Reo ipts of Pass. Trains per Train Mile _____________ 77 79-lOOc
77 44-100c

Increase.
2,745,691
464,152,453
$3,756,710 77

P.Inc.,
O’.,
Dec.

Decrease.

27-60
20 55
5-52 12 54 miles
24-78
1-97 $0-03
24-1 bOOo 3-58
$D'S 01
3 47
2,578,279 0*2 ftvmno 22-10
7-37
945,016
23-64
50,351,620
2 52 miles 15-18
21-10
$889,350 80
04 20100c 12-78
20
41 1000c
•42
*5 08
19*68
$1,C 85,479 34
•70 $13*33
1,363,132
19 14
35 100c

COMPARATIVE STATEMENT OF GENERAL OPERATIONS FOR THE YEARS ENDED JUNE 30, 1893 AND 1897.
IPer cent o f j
Y eaii E nded J une 30 tu .
Increase.
[ncreaseor\ Decrease.
i
Decrease.
1897.
i
1s 98.
Miles of Road Operated.......................
3,130-21
50 59
3.7:4-85
644*64
M.lea run b Engines hauling Pass. Trains.
19
14
7,121,614
8,484.7*0
1,303,132
Miles run by Engines hauling Fr’gnt Trains. 14,247.161
2210
11,668,882
2,578,279
Mi:es run by Engines hauling Const. Trains
34-54
912,482
1,227,075
315,193
Miles run by Switching Engines............. .......
4,005,001
3,651,807
26 12
953,794
*
Total miles.................................................... i28.565.183
23,354.765
22-31
5,210,398
Mileage ol Loaded Freight Cars.............
180,536,973
34,074, *45
18-87
Mileage of Empty Freight Cars..................... 214,611,518
11 "87
81,822,353
9,715,337
91,537,090
Total Mileage of Freight Cars..............
262,359.326
43,78,l,682
16 69
Mileage of Passenger Cars.............................. 306,149,208
33.823,912
17 86
39,864,595
6,040,653
Number of Tons of Freight carried 1 Mile.. 2 f 22,540,585
2,2 iS,388,132
464,152,453
2055
Number of Passengers carried 1 Mile__
212,985,073
263,336,693
50,351,620
23-64
Gross Receipts......................
#22,110,937
04
$27,317,819
67
$5,206,082
63
23-55 .........................
Operation expenses..............
14,683,943 68
17.363,057 11
18-25
2,679.113 43
Net receipts without deducting Taxes
9.954.762 50
7,426,993 36
34 03
2,527,769 20
Gross Receipts per Mlie of Road.
$7,236
80
$7
063
72
2-45
$173
08
Operation Expenses per mile of Road
4,599 67
4,691 01
1 93 •191 37
Net
Receipts
per
31He
of
Road
without
de­
ducting Taxes............
2,637 13
2,372 68
11-15
261 45
Gross Receipts per Train Mile
2-12
$1 20 17-100
$L ) 7 *7-100
$0 62 50-100
Operation Expenses per Train Mile
76
38-100
2-26 ""$0 ill 77-ibo
78
15-100
Net
Receipts
per
Train
Mile
without
de
ducting Taxes .......
43 79-100
01 27-101- 10-80
39 52-100
Aver. No of Loaded Freight Cars In Train
2-65
•4
15-s7
1506
Aver. No. of Empty Freight Cars In Train
8-27 j
•58
0-43
701
Ave -. No of Total Freight Cars In Train ..
4-40
99
21 49
22-48
Aver. No. ot ions or Freight In Train .
1-26 j 2-45
19109
193 54
Aver.
No.
of
Tons
of
Freight
in
each
Loaded
Car..........................
1-44 |
12-69
12-51
•18
Average Number of Passengers per Train.
f 104
6-34 ! ....................
29-19
•1-8' *

T H E C H R O N IC L E .

£88

NORTHERN PACIFIC RAILWAY COMPANY.

LVOL.

B ro u gh t F o rw a rd ........ .................................

l x v ji.
■9SS’ ,SS° 7i

Permanent lining of tunnels :
Excess oott over renewal of wooden linings
52,360 77
Fencing.................................................... .........
SECOND ANNUAL REPORT—FOR THE FISCAL YEAR Docks
63,916 32
aud
wharves
(uowi................................
10,746 57
ENDING JUNE 80, 1898.
New Branches aud Extensions.:
Gaylord A Ruby Valley .... ....................... $134,558 91
Clark's Fori Branch..............................j ___ 1-1.506 31
O ffic e of t r e
i
Extension to lloqulam..............
59,233 70
Lewiston Extension....................................... 167,599 53
N orthern P acific R ailw a y Co m pany , [■
Souris
Rlrer
Branch.......................................
10,319 96
S t . P a u l , Minnesota , September 3, 1898. )
386,218 41
Tb the Stockholders o f t h t .Vvthem Pacific Railway Company : Total...................................................................................... $1,064,778
85
The following, being the sacond annual report, shows the New Equipment :
18
Class
"R"
looomotives..........................$225,209
23
result of th >operation of your property for the fiscal year 100 Box ear*.................................................... 52.802 10
ending June 80, 1808 :
----------------- 278,01133
Grcss Burnings w era
.. ........... . . . . ................... ...$23,679,718 31
Operating expenses w eto.... ................................ ............ 11,096,370 91
Grand Total
$1,342,790 18
Net earnings w ere....... .............. ...........................$13,58*,317 40
The
condition
of
the
Betterment
and
Enlargement
Funds
Deduct—
Additions and Improvements charged to
and
their
use
since
September
1,
1896,
are
shown
below:
Incom e......................................... ... ... $811,700 30
Betterment and Enlargement Fund pro­
Taxes............................................................
Sa'.’.SOo 00
vided by Plan of Reorganization...........
$5,090,000 00
-------------------- 1,491,509 35 Proceeds
of sale of $1,500,000 Prior Lien
Bonds
drawn
after
January
1,
1898,
Leaving.. .......... ........................................... .............. $11,039,833 05 in accordance with provisions of the
Add dl video its and interest received...............................
837,196 55 mortgage.......................................................
1,421,250 00
Revenue available for interest and dividends..........$11,9.7,034 60
Total..........................................................
$6,421,250
00
Deduct—
Accounted for as follows:
Intereston Bonds.................... ................$6,079,160 00
Betterment
and
Enlargement
Septem­
Dividends on Preferred Stock: (including
ber 1,1896, to June 30,1897, as per
dividend payable September 6, 1893). 3,000,000 00
first annual report...................................$1,051,153 33
----------—------- 9,079,160 00 Betterment
and Enlargement year end­
ing Juue 30,1898, as detailed on pre­
Surplus............................................................................... $2,S97,374 60
ceding
page.............................................
Surplus June 30, 1397.....................................................
*89 823 90 Paid for Beattie Lake Shore A Eastern. 1,342,790 18
Railway seourities, viz :
Aggregate surplus luoorne to June 30. 1893............ $3 337,703 50
Certificates of Deposit..$4,433,713 21
From wblob has been appropriated as a Reserve for
Leas
prooeeds sate of
the continuity of dividends upon tile Preferred Stook 3,000,000 00
treasury Prefeired
Stoofc.............................
2,666,126 25
Leaving Surplus laooma oarrled forward as balance
---- — •—
1,767,586 96 4,161,530 47
Profit and Loss to Juue 30, 1893..................................... $337,703 oO
It has not been attempted to make comparison with the Represented tn balauoe sheet by
$2,259,719 53
results of operation in the fiscal year ending Jane 30, 1897, Cash................................................................ $934,632 73
for upon that day your Company had been in possession of $2,210,000 General Lien 3% Bonds....... 1.325,086 80
the property for only ten months.
------------------- - $2,259,719 53
Of the deductionsfrom income :
CONSTRUCTION
OF
NEW
LINES.
§515,709 37 represents amounts expended for additions and

improvements.
$296,000 represents additions to equipment.
In the opinion of the Board these are not distinctly new
property, and are therefore not charged to capital account.
The property (roadway, structures and equipment) has been
improved during the year, and is well adapted for the in­
creased traffic which is expected from existing business con­
ditions and abundant harvests in the territory served by the
Company.
Besides the 18 Locom itives and 107 Box cars charged to
Equipment account an i paid for out of the Betterment and
Enlargement Fund as shown herein, the following -described
equipment was purchased and built during the year, viz,:
37 Locomotives,
200 Box cars,
50 Flat cars,
100 Coal cars,
12 Furniture cars,
2 Gravel plows,
3 Hassell snow plows,
3 Bacyruj steam shovels.
RESERVE FUND.

As above stated, the Board of Directors has directed to be
set aBide out of Surplus Income $3,001,0)0 as a reserve to be
available, as may be found necessary, until the end of 1901,
toward maintaining regular 1 per cent quarterly dividends
on the Preferred Stock of the Company, if, at any time prior
to that date, the current net earnings sha 1 prove insufficient
for that purpose. So far as n >t so used by that date, the
fund mav then, by vote of tbe Directors, be returned to the
general funds of the Company.
In view of the comparatively brief period which hasjelapsed
since the organization of your Company, aud also in view of
the fact that the favorable results of the fi-tcal year jct3t
closed must in prudence be regarded as exceptional, the Board
has been led to adopt this conservative poli y, which, no
doubt, will coalmen l itself to all who are interested in the
Company. Of course this reserve fund need not be drawn
upon if enrreut available earnings shall continue as at pres­
ent. It may be added that the business prospects of the
Company were never better than now.
BETTERMENT AND ENLARGEMENT FUNDS,

Upon requisition of the Executive Officers, approved by
the Board of Directors, expenditures from the Betterment
and Enlargement funds have been made during the past
fiscal year, for—

The construction of the following branches and exten­
sions has been authorized, of which none had been com­
pleted June 30, 1898 :

Amount to
Estimated
Expended
ZTUes.
Cost.
June
30, 1898.
Belmont to Hartney, Man. (known as

Souris River Branch)........................ 510 $500,000
Rookvale to Gebo, Mon. (known as
Clark's Fork Braoob)...................... 13*0 156,300
Whitehall to Twin Bridges, Mon.,
(known as Gaylord & Ruby Valley
Branch)___________________ ___ 22*2 222,050
Juliaetta to Lewiston, fdalio (known
as Lewiston Extension:.................. 20*6 300,000
Aberdeen to Ho<iuiam, Washington. 4*2 117,500
Total miles..................................... . 1110

$10,319 96
14,506 31

134,558 91
167,599 5 3
5H.233 70
$386,218 41

This property is to become part of the Northern Pacific
estate, and the cost thereof is embraced in the previous
statement of expenditures prior to June 30, 1898, from the
Betterment and Enlargement Fund.
All of these lines probably will ba oompletad during the
present calendar year, and it is believed they will add ma­
terially to the earning power of the System.
NEW LINES PURCHASED.

SEATTLE LAKE SHORE A EASTERN RAILW AY.

Coincident!}' with this Company’s above-mentioned pur­
chase of securities of the Seattle Lake Shore Sc Eastern Rail­
way Company (formerly a part of the Northern Pacific
system of -roads). a plan for reorganization of that Com­
pany was carried to completion.
Two companies were organized to succeed to the property
—the Seattle & International, covering the western divi­
sion, comprising 164*88 miles, and the Spokane & Seattle
(not operated), covering the eastern division, comprising
49-oS miles.
The Northern Pacific owns all of the capital stock and
bonds of the Seattle & International Railway, viz . §2,400,000 par value of stock and §4,450,000 of first 'mortgage four
per cent bonds. It also owns §1,112,000 (being all) of the
first mortgage four per cent bond? of the Spokane <Sc Seattle
Railway. There is no floating debt or other obligation of
either of these companies.
The cost of the above securities was $4,483,713 21.
The advantage of this purchase consists in the terminals
of the Seattle & international Railway in Seattle, which
were valuable to this Company; in the retention of contributive business which could have been diverted had the
Company been controlled by a competitor, and in the fact
that the Seattle reorganization committee was asserting
against the Northern Pacific Railroad Company a claim for
a large amount, under which it demanded a share in the
distribution of the assets of the Receivership, including
that portion of the land grant lying east of the Missouri
River.

Real Estate and Right of Way :
At Tacoma........................................................ $5,458 21
At other placet..............
1,910 63
Right of way and land damages.................. 25,156 87
---------------------- $32,525 71
Bnildings:
Engine-house*.........................................
$22,479 19
Other building*....... ....................................... 5,32115
„Bridge*:
,
27,800 34
WA8HIXGTOX A COLUMBIA litV E R RAILW AY.
Excess cost of steel and stone over wooden
There
has
been purchased all of the capital stock and in­
structures..................
153,596 31 come bonds of
the Washington & Columbia River Railway
Newtracks aud spurs (less oldonestaken op)
152,67940
Changes of grade and alignment...................
181,929 02 Company, comprising 162'73 miles of road in the States of

S eptember 17, 1818, j

689

T H E C H R O N IC L E .

Washington and Oregon, tributary to this Company’s lines.
For many years this road has been operated as a connection
of this Company, and as it was about to be sold it was
thought advisable, as a protective measure, to acquire the
same. The cost of the securities purchased, which com
prised $3,000,000 par value of stock and $2,245,000 par value
of income bonds, was $592,316 25.
MONTANA ONION, MONTANA BAILWAY, ETC.

An opportunity was availed of to acquire for this Com­
pany (1) the balance of the capital stock of the Montana
Union Railway Company, of which already this Company
owned one-half; (2) all the capital stock of the Montana
Railway Company, operated" under lease by the Montana
Union : (3) a certificate of indebtedness of the Portland &
Puget Sound Railroad Company of the par value of $969,245 98 ; (4) certain claims in suit between the Union Pacific
Receivers and the Montana Union Railway and the North­
ern Pacific Railroad Company, aggregating $764,339 56 ; all
at a cost of $778,434 29.
The total cost of all the foregoing purchases was $5,804,463 75, but since possession has been taken by this Company
there has been realized on accounts due these companies the
sum of $382,288 11, making the net cost $5,422,175 64.
The following statement of the earnings and expenses of
the roads included in the above purchases shows for the
year ending June 30, 1898, a net surplus of $239,526 42, or
4'42 per cent upon the investment.
Allies of Soud Operated, 399 05.
Grots
earnings:
Freight....................................................................................... $907,314 65
275,526 94
Passenger..................................................................
Mali, express and miscellaneous......................................... 122,437 93
Total....................................................................................$1,305,279 52
Operating expenses and taxes............................................... 835,636 22
Net earnings..................................................................... $469,643 SO
Miscellaneous income................. ............................................. 10,956 37
$180,599 «7
Property, improvements and reorganization expenses... 46,614 60
Net income......................................................................... $-133,955 07
Interest on funded debt and rentals..................................... 184,421 64
Surplus............................................................................. $239,526 42

TRANS-CONTINENTAL RATES.

During the greater portion of the fiscal year, in connec­
tion with the Pacific Coast passenger business, in which
this Company is largely interested, a bitter war of rates was
waged which has seriously affected its revenue from this
branch of its traffic. In no way can responsibility for this
deplorable condition be attributed to the officials of your
Company, who have made every effort in their power to
bring about an adjustment.
LANDS WEST OF THE MISSOURI RIVER.

In the territory tributary to the lines of the Company
prosperity has been evidenced by the increased sales of
lands, the Company having disposed of a greater acreage
(nearly 50 per cent more) and to a number of individuals
greater than in any previous year in the history of the prop­
erty. The prospects for the coming year are equally prom­
ising.
LANDS EAST OF MISSOURI RIVER.
It is hoped that the interest of the Company in the lands
of the old Northern Pacific Railroad Company east of the
Missouri River, now held by the sequestration receivers of
the old Company, may be realized before the end of the cal­
endar year, for upon August 25, 1898, the Special Master re­
ported against the claim of the Preferred Stockholders of
the old Company to such lands in preference to creditors.
This Company asserts against these lands about 95 per cent
of the indebtedness represented by such creditors.
BUSINESS OK PAST YEAR AND PROSPECTS.

In many particulars the year ending June 30, 1898, has
been exceptional. While there have been others in which
the gross receipts have been larger, there has been none in
which the results have been so satisfactory, both as to the
condition of the property and the net revenues derived
therefrom.
The favorable winter of 1897-98 (and consequent freedom
from accident and blockade) has helped materially to pro­
duce this result, but more than all else the economies ac­
complished by grade reductions, by substitution of perma­
nent for temporary structures in the roadway and by the
employment of modern power in place of that previously
available.
The Balance Sheet and the Profit and Loss statement as of
30, 1898, will be found in the Comptroller's Report, to
These properties have also contributed $1,645,670 09 to the i June
which particular attention is invited, as also to the other
business of the Northern Pacific Railway Company.
customary details therein contained concerning the finan­
cial condition of the Company, and to the list and valuation
WASHINGTON CENTRAL KAILWAY.
of treasury assets, etc. It is believed that all of these
Your Directors have agreed with the Washington Central j figures will prove especially satisfactory to the shareholders.
Railway Company (formerly the Central Washington) to The report of the General Manager is also annexed. It
take a lease of its road for the period of nine hundred and exhibits with unusual fullness of detail the operation of the
ninety-nine years from March 1, 1898, and in part considera­ property and its physical condition.
tion of the same have received an assignment of all claims The very satisfactory result of the year’s work may be
held by the Central Washington and its successors against attributed largely to the marked increase in train load and
the Northern Pacific Railroad Company on account of the car-load, and to the consequent decrease in cost per ton mile.
latter's defaults upon its guaranty of interest and rentals, The way in which officials and employes have intelligently
such claims constituting a cloud upon this Company's in -[ co-operated to produce these results is worthy of the highest
terest in the land grant east of the Missouri River.
praise.
This Company now owns all of the Capital Stock of the
By order of the Board of Directors.
Washington Central Railway Company, and pays an annual
CHARLES 8. MELLEN,
rental equal to the interest upon the 4 per cent First Mort­
President.
gage Bonds issued, which are limited upon the existing road
to $1,538,000.
In acquisition of these interests there were delivered out INCOME ACCOUNT FOR FISCAL YEAR ENDING JUNE 30, 1898.
of the treasury assets Voting Trust Certificates for $1,137,500
of Northern Pacific Railway Common Stock.
O
E
:
The fixed charge resulting lrotn this lease is as follows :
Maintenance of Way and Struc­
p e r a t in g

Bonds issued................................................................ .. ............ $1,538,000
Less owned by Northern Faoitie Railway Company............... 286.000
Leaving outstanding in the hands of tile public......................$1,252,000
Annual interest charge at 4s» on same is................................... $50,080

which is believed to be well within the earning capacity of
the property.
Possession of the property was taken July 1, 1898. ]
COMPLETION OF SYSTEM.

With the possession of the Washington Central Railway,
referred to above, there was restored to the system of rail­
way west of St. Paul and Lake Superior all of the mileage
comprised in the old Northern Pacific System prior to the
Receivership of 1893.
INSURANCE FUND.

xpenses

tures..........................
$3,137,501 05
Maintenance of Eriuipment............. 1,721,765 34
Conduct!' g transportation............... 5,572,645 06
General Expenses............................... 663,456 46
-------------------$11,095,370 91
A dditions A I mprovements written o f f :
General................................................. $515,709 35
Equipment....................................
296,000 00
811,709 35
T a x e s ...........................................................................................................
682,800 00
6,079,160
00
Interest on Mortgage Debt..................... .................
D ividends :
3,onoj
oo
oo
Noa. 1, 2. 3 and 4 on Preferred Stock.................
R eserve for dividends on tlie Preferred Stock....... 3,000,060 00
3 7,703 50
B alance..............................................................................
$25,056,743 76

B alance to Credit of Profit and Loss June 30,

1897. as per Annual Report...................................... $489,828 90
A fund of $500.000 in cash and securities has been set
E
:
aside out of the assets of the Company to enable the Com­ G Freight.................................................$17,432,754
78
pany to assume for itself all risk of loss and damage by fire.
Passenger ......................................... 4.853,799 04
Mail, Express and Miscellaneous. 1,393,164 49
This fund became available July 1, 1898, since which time
23,679,718 31
the Company lias been carrying its own insurance. A re­ D ividends and Interest on Securi­
port of the condition of this fund, and the results of this 1 ties owned, interest on Deposits,
policy, will be included in future annual reports of the
887,196 55
etc........................................................
Company.
$25,056,743 76
ross

4UDIT OF ACCOUNTS.

Following the custom of the previous year the accounts
of the Company have been audited by Messrs. Price, Waterhouse & Co., whose certificates are endorsed on the General
Balance Sheet and Income Account, and who have particu­
larly examined into the correctness of all charges to Capital
Account.

a r n in g s

By Balance cat ried to credit of Profit and Loss, as
shown by the Balance Sheet of this date...................
IFe certify the above Income Account to be correct.
2<f September, 1898.

$387,703 50

PRIGS, WATERHOUSE A CO., Auditors,
London, New York and Chicago.

NORTHERN PACIFIC RAILWAY COMPANY.

590

GENERAL BALANCE SHEET JUNE 30, 1808.
CA PITA L

C A P IT A L LIABILITIES.
CAPITAL STOCK:
Preferred.............................................................................................................................. $75,000,000 00

ASSETS.

Common...........................................................................................................................................

General Lien Bonds........................................................................................... so.ooo.ooo oo

CURRENT

B onos issubd nv other Com cam its?, assumed by the Northern Pad lie Railway Company ■
Northern Pacific Railroad Company.
General First Mortgage Bonds (not yet acquired for deposli under the, Prior
Lien Mortgage, o f these bonus $1,928,600 are called tor redemption
January 1. 1899).................................. ................................................................... $9,159,000 00
St. Paul A Northern Pacific Railway Company.
General Mortgage....................................................................................................... 8,063,600 00
Western Railroad of Minnesota.
First Mortgage........ ....................................................................................................
420,000 00

Capital Liabilities Assumed

ASSETS

Total

GENERAL FIRST MORTGAGE CONVERSION FUND:
Prior Lien Bonds reserved for issue in connection with conversion of General
Fltsc Mortgage Bonds.............................................................................. -....................

142.131.400 00

CURRENT

00

17,(512,000 00
2,756,600 00

Total §317,500,009 00

LIABILITIES.

PAY ROLLS, MATERIAL VOUCIIERSAND MISCELLANEOUS ACCOUNTS $2,( 52,757 52
TAXES ACCRUED OX RAILROAD (estimated, including adjustment for previ­
435,742 96
ous year)......................... . ................ ..................................................................................
INTEREST ON MORTGAGE DEBT:
Accrued...................................................................... .................................. $133,605 00
Matured, including interest due July 1, 5898.....................................1,180,596 50
.014,201 50
DIVIDEND No. t, payable September 6, 1898......................... ..................................
750,COU 00
RESERVE FUNDS:
For replacement of equipment and other property destroyed..............................
............................................ 100,060 25
CO N TIN G EN T

LIABILITIES.

Total

SPECIAL RESERVE from "Surplus Revenue" (as stated below) to Insure
continuity of dividends on Preferred Stock........ ................................................ .. $3,000.<00 0
INSURANCE FUND................................................................................
500,000 Oo
LIQUIDATION FUND:
Reserve lor possible ltabililies in connection with purchase of property of
Northern Pacific Railroad Company.........................................................................
531.042 72

17,481,(555 27

Total

S U R P L U S REVENUE.
PROFIT AND LOSS:
Excess ol' earnings and mis ellaneons income over operating expenses, t *xes,
etc., interest on mortgage debt and Jour dividends on Preferred Stock from
September 1, i896, to June30, 1898........................................................................ $3,387,703 50
Less special reserve for dividends on Preferred Stock as above........................... 3,000.000 00

P R IC E . W A T E R H O U S E & CO., A u d ito rs.
L o n d o n , N ew Y o rk a n d Chicago.

4,031,042 72
387,703 50
§327,471,508 45

LX VII,

W e ce rtify th e above B alance S lu e t to be correct.

5,552,702 23

[V ol .

§327,471,508 45

2d Septem ber, 1898.

$155,000,000 00

Capital Liabilities Issued §297,131,100

Total §809,989,853 18

CASH ASSETS:
Gash on hand and in banks, Including $2,120,908 06 to be used
tor retirement of General First Mortgage Bonds called for
payment January 1,1899— ...............................................
$7,696,300 99
s
Bills Receivable........................................................... 301,6
J
- $2,48 ’,290 36
Material on band................................................................................... 1,664,404 42
4,146.094 78
2,892,626 91
TREASURY SECURITLES................................................................
BETTERMENT AND ENLARGEMENT FUND ASSETS:
Cash in bank ........ ............................................................................ $934,632 73
1,325,086 80
2,259,719 53
INSURANCE FUND ASSETS:
, $121,086 80
Cash in bank..................................
378,913 20
$554,000 Bonds, valued at........
500,000 00
LAND DEPARTMENT:
Balance of Land Department's Current Assets..
286.313 00

80,000,000 00

MORTGAGE DEBT:
Prior Lion Bonds. ............................................................................................................ $80,131,400 00

TfcLE CHRONICLE.

NORTHERN PACIFIC ESTATE :
Balance to debit of this account Juno 30.1807....................... ................................ $294,760,830 67
To which add :
Betterment and enlargement eince June 30.1897................................................. 1.004,773 83
Cost of Seattle Lake Shore * Eastern Railw ay...................................................... 4.433,718 21
$300,265,322 73
Less:
Net proceed* of Land Department................................................. $3,624,712 95
Materia! taken from abandoned line..............................................
14,150 38
3,638,803 33
$296,626,450 40
EQUIPMENT:
Balance to debit of tula account. Juno 30. 1897...........................$12,924,209 01
New Equipment (purchased out of Betterment and Enlargement
Fund since June 30,1897)............................................................... 278,011 33
13,202,320 34
TRUSTEES OF SINKING FUNDS:
Cash In hands of Trustees applicable toretiremeutof Mortgage
161,173 44
Debt..................................................... ...................................................

S eptember 17, ltS98.]

T H E C H R O N IC LE .

NEW Y O R K C E N T R A L & H U D S O N R I V E R
RA ILRO A D CO.

EXTRACTS FROM THE TWENTY-NINTH ANNUAL
REPORT—FOR THE YEAR ENDED JUNE 30, 1898.
To the Stockholders of the New York Central & Hudson River
Railroad Company:
The Board of Directors herewith submits its report for the
year ended June 30, 1898, with statements showing the
results for the year and the financial condition of the com­
pany.
The report covers the operations of the system east of
Buffalo, including the following proprietary and leased
lines:
New York Central & Hudson
River Railroad.
New York & Harlem Railroad.
Troy & Greenbusli Railroad.
Spuyten Duyvil & Port Morris
Railroad.
West Shore Railroad.
New Jersey Junction Railroad.
Rome Watertown <Sc Ogdensburg
Railroad.

Oswego A Rome Railroad.
Niagara Falls Branoh Railroad
Utica & Black River Railroad.
Carthage Watertown A Backet*
Harbor Railroad.
Mohawk & Malone Railway.
Carthage A Adirondack Railway
GouverneurAOswegatchie Rail­
road.
New York & Putnam Railroad.

591

Company, to the amount of $21,550,000, maturing February
1, 1998, with interest at 3)^4 per annum, payable semi-an­
nually on the first days of February and August; and fur­
ther agreeing to deposit with the Guaranty Trust Company
of New York, trustee, all stock thus acquired, as collateral
security for the payment of the principal and interest of the
bonds ; the basis of purchase being $115 in bonds for $100 in
stock.
Up to June 30, 1898, $17,137,415 of Michigan Central col­
lateral bonds had been issued in exchange for $14,902,100 in
stock.
The action of the Board in obtaining control of these two
properties was taken with the view of establishing, on a
permanent basis, the unity of interests of the three compa­
nies.
The acquisition of these important roads makes a notable
increase in the mileage controlled by this company. In
1869 it operated 837-67 miles of single track; in' 1878,
1,104-20 miles; in 1888, 1,544-12 miles; and on June 30,
1898, the mileage of single track under its control is 6,309-77
miles.
The Directors announce, with deep regret, the death of
two of their associates in the Board—Mr. Erastus Corning,
on August 30, 1897, and Mr. George C. Buell, on January 24,
1898.
On February 4, 1898, Messrs. Ashbel Green and George C.
Bowdoin were chosen by the Board of Directors to fill
the vacancies created by the deaths of Messrs. Corning and
Buell.
At the stockholders' annual meeting held April 20, 1898,
Mr. Samuel R. Callaway was elected a Director in place of
Mr. Ashbel Green, resigned.
The year has also been marked by a number of important
changes in the executive foree.
Mr. Cornelius Vanderbilt, for fifteen years the Chairman
of the Board of Directors, was compelled to retire on ac­
count of ill health.
Mr. Chauncey M. Depew, after a service of thirteen years
as President, succeeded Mr. Vanderbilt on April 27, 1898.
Mr. Samuel R. Callaway, President of the Lake Shore &
Michigan Southern Railway Company, was chosen to suc­
ceed Mr. Depew as President, and took office on April 27,
1898.
Mr. H. Walter Webb, for eight years the Third Vice Presi­
dent of the company, also resigned during the year, because
of illness ; and Mr. John M. Toucey, after a valuable and
extended service of forty-three years, retired from the office
of General Manager.
For the Board of Directors,
S. R. CALLAWAY,
CHAUNCEY M. DEPEW,
President.
Chairman.
N ew Y ork , August 25, 1898.

The Dunkirk Allegheny Valley & Pittsburg Railroad and
the Beech Creek Railroad are also leased by this company,
but their mileage and operations are not included in this
report, as separate accounts have been kept and independ­
ent reports prepared in behalf of those companies.
The gross earnings from the operation of the system east
of Buffalo, excluding income from investments, were $45,774,240 43, exceeding those of any previous year with the ex­
ception of 1892-3, the “World’s Fair’ year, when they were
$512,127 07 greater.
The net earnings from operation, $16,563,220 45, were,
however, $608,591 82 in excess of those of the year 1892-3.
The expenses of operation, all taxes being excluded, were
$29,511,013 98, an increase of $1,911,102 71 over those of the
previous year. This was caused largely by the greater
volume of traffic handled during the year. It was also due
to the inclusion of $1,345,948 54, representing extraordinary
outlays for equipment and miscellaneous additions to the
property, thereby continuing the long-established policy of
the company in this regard.
The profit for the past year was $4,654,471 16, and the sur­
plus, after payment of four per cent in dividends, $654,471 16,
as against $51,86680. one year ago.
During the period covered by this report, financial trans­
actions of unusual importance have been undertaken.
At a meeting held April 14, 1897, the Board of Directors
adopted resolutions authorizing the execution of a mortgage
to be dated July 1, 1897 (the beginning of the fiscal year just SUMMARY OF FINANCIAL OPERATIONS AFFECTING INCOME.
closed) to secure an issue of $100,000,000 bonds, the principal
1897.
Inc. or Dec.
1888.
to become due and payable in gold on July 1, 1997, and the From
E arnings from Operation .
$
$
$
freight traffic .....................27,496,129 25,850,731 I. 1,645,398
interest, at 3*^4 per annum, to be paid semi-annually on the From paBsenger
/.
156.181
traffic..................13,250,800
13,094,619
first days of January and July. This action was ratified at From express traffic...................... 1,28,*,774 1,254,066 I. 31,712
the stockholders’ meeting held May 26, 1897.
From transportation of mails.... 1,652,779 1,539.826 I. 112,953
From rentals.................................... 1,984,790 1,"91,884 7. 192,906
Of the $100,000,000 authorized, $70,377,333 is reserved for From
83,276 7. 20,685
miscellaneous sources....... 103,961
the purpose of retiring a like amount of obligations out­
standing on June 30, 1897, composed of six different classes
45,774,240 43,614,404 7. 2,159,835
xpenses of Operation .
of bonds, varying in nature, rates of interest and dates of ForEmainten.
of way ami strut 4,660,333 4,838,287 D. 177,634
maturity ; $14,622,667 is reserved for the premiums necessary For maintenance
of equipment . 4,987,191 4,435,472 J. 551,719
to retire the old bonds before their maturity, and for such
18,735,462 17,215,883 1. 1,519,573
other uses as the Board of Directors may approve ; and the
. 1.127,720 1,110,28 i i. 17,443
remaining $15,000,000 is to be held until December 31, 1903,
29,511,013 27,599,911 I. 1,911,102
after which time it is to be available for construction,
Net earnings from operation.16,
16,263,226 16,014,493 I. 248,733
equipment or other purposes.
To wlilcb aa'd:
During the past year $23,499,600 38 of the new bonds have Dividend
on Lake Shore Ac
I. 1,311,604
Mich. Southern stock owued... 1,311,604
been issued in exchange for $21,480,985 93 of bonds of the Dividend
on
Michigan Centrall
old forms, and a saving in interest has been effected amount­ stock owned................................
I.
248,368
218,368
ing to $197,710 51.
Dividends and Interest on other
I.
26,817
539,003
512,186
New bonds to the amount of $2,019,000 have also been securities.............................
on loans, notes andL
issued and sold for cash ; $19,000 in connection with the ex­ Interest
D.
45,326
90,026
44.699
Bundry bills........................
change of old bonds for new, and $2,000,000 for the general Proilts
63,522 1. 44,273
from sundry accounts__ 107,795
purposes of the company.
18,514,697 16,680,228 i. 1,834,489
On February 4,1898, the Board of Directors authorized the Deduct:
urchase of the capital stock of the Lake Shore & Michigan Interest
,
5,421,200 4,019,760 I.J. 1,411,440
on
funded
debt__
outhera Railway Company, aggregating $50,000,006, and Rentals of leased lines........
47,186
5,972,422 5,924,736 D. 164,995
1,883.239 2,048,235
on real estate...................... 1,883,239
agreed to issue, in payment therefor, $100,001,000 in gold Taxes
4.211
141.000 1>.
136,7-8
on capital stock ................... 136,7
bonds of the New York Central & Hudson River Railroad Tax
223
87,900 D.
Tas on gross earnings.................. 87,671
Company, maturing February 1, 1998, with interest at
on loans, notesandbills
106,729 D. 47,824
per annum, payable semi-annually on the first days of Feb­ Interest
53,901
payable...............................
ruary and August; and also provided for the deposit with
13,560,226 12.328,301 7. 1,231,865the Guaranty Trust Company of New York, trustee, of all
stock thus acquired, as collateral security for the payment Net income............................... 4,954,471 4,351,866 7. 602,604
4.954.471
of the principal and interest of the bonds: the basis for this From this net income for the y e a r ...............
there should be farther deducted:
purchase being one $1,000 bond for five shares of stock at Reserve
for
redemption
of
4%
Gold
Deben­
$100 each.
300,000
Up to June 30, 1898, $89,938,625 of Lake Shore collateral tures of 1890;.......... ................................
4.654.471
Balance available for dividend......................
bonds had been issued in exohange for $44,969,312 50 in Cash
4.000,000
dividends, four, of one per cent each..
stock.
On April 13, 1898, resolutions were adopted by the Board
Surplus for the year (transferred to
654,471
of Directors, providing for the purchase of the capital stock , Amount
Profit and loss).........................................
to the credit of Profit and loss
of the Michigan Central Railroad Company, at present $18,- 1 Junec 0,1897...................................................
11,404,999
738,000, and agreeing to issue, in payment therefor, gold
bonds of the New York Central & Hudson River Railroad
12.119.471

S

692

TH K (CHRONICLE.

Brought f o r t r a r d . . . ______ fyrs.r/Q.sys
F rom w llloti

Payments! Incident to refun ding the bonded
debt...................................................................... 2,344,998
Payment- incident to issuing Lake Shore &
Michigan Central collateral bond* ............
57,050
Certain uncollectible autl depredated ac­
counts nrlttcn otf..............
293,250
Balance to the credit of Frafll and lots June SO, 1898__ _
d e d u c t;

TRAFFIC STATISTICJ.
As TO the Volume ok BUSINESS.

1897.
Mileage o) Trains.
1 t,661,557.MiUw run by passenger trains....................
13,761,885.M-les rnp by freight trains................. .....
377.100 Miles run by mixed trains............................
9,00?,260.Miles run by switching and work trains 87.811,782 Total train m ileage..............................

Passengers Carried and Ticket Mileage.

5___ Aver. ntimberof oars In pass, trains ,
5
47____Aver. number of pass, per train mile47
SO___ Aver, umn, of miles one pass, carried.
SO
33___ Aver, number of care In freight trains
31
270__ Average number ot tons of rovenueearulms freight onrr'd per train tulle
299
290 Aver, ntimberof tons or all freight tioclud. oo '«) carried per train mile.320
2,605,298
191 Aver, number of miles 1 ton carried.,
192
0,121,172
1Revision of the figures published in last year's report, made for the
purpose of comparison with those of 1898; taxes eliminated.
COMMENT UPON EARNINGS AND EXPENSES.
1898.
15,065,662
11,716,098
379,8 *8
10,007,816
40,193,914

203,093.Through passengers......................................
194.597
18.t82.2i8.lV.iy passengers............................................. 19,128,833
4,481,l32.Commmatioii passengers.. . . . ..................
4,750,824
23,106,483 Total number of passengers carried.. 24,074,214
689,761,624.Passengers carried one mile........................ 712,115,222

Freight Carried and Tin Mileage.

•118,228.Tons of through freight, north and west.
456,893
2,s68,869.Tons of through freight, east and south. 3,696,191
3,317,097 Total number of tons of through f’ght
4.153.0S4
6,091t732.Tons of way freight, north and w est.......
6,686,242
11,240,98 l.Tons of way freight, east and south......... 12,564,113
17,932,713 Total number of tons of way freight. 19,250,355
20,619,810.Tons of freight earning revenus................ 23,403,439
2,370,811.Tona of company's freight............ ...........
2,719.010
23,020,621 Total number of tonsjoarried.............. 26.122,449
8,790,311,495.Tons carried one mile................................... 4,500,269,846
279,318,667.Ton» of company’s fr’gbt earr’d one mile. 315,019,886
4,070,130,162 Total number of tons oarr’d one mile. 4,815,288,732
Tons.
Description of Freight Moved.
Tons.
734,307.Flour.................................................................
812,677
2,873,594.Graln..............................
3,885,505
1,985,179 Other agricultural produots.......................
1,774,490
657,222.Live stock........................................................
797,363
823,286.Fresh or pickled meats 6r provisions.......
922,706
283,769.Petroleum and other oils.............................
272,012
1,719,87 ’.Lumber..................
1,911,373
479,347.Pig and bar Iron and steel, and iron and
704,563
steel rail........................................................
191,076.Iron and other ores ......................................
157,691
5,081,252.Coal and ooke.................................................
5,672,716
1,531,953. Manufactures..................................................
1,596.161
2,047,645. Merchandise........... .......................................
2,429,303
2,241,103.Other articles ................................................
2,486,841
20,649,810 Total number of tons............................ 23,403.139
as to m s R esults.

Freight.

1897.
1898.
$25,181.019 13__Earnings from transportation.............$23,991,713 93
369,682 33
from miscellaneous sources 504,415 76
$25,850,731 46___ Total earnings...............................$27,496,129 09
17,685,077 23*...Expenses allotted to the transporta­
tion of freight....................................... 19,350,895 90
$8,265,654 23 ... Profit.................................................. $8,145,233 79
__________ <
cts. 0-31
cts. 0 68 — Earnings per ton per m ile....................
cts. O' 1(5'...Expenses per ton per
m ile.....
cts. 0-43
cts. 0*22--- Profit...................................................
cts. 0-18
$ 1 8 4 __ Earnings per train m ile ....................
.$183
1 25*...Expenses nor train mile......................
1 29
$0 5 9 .... Profit..................................................
$0 54
<8 ffll-88
miles.)— Earning-; per mile of roa 1operated . (2,311*83
miles.)
$10,79117
$11,18121
7,312 78*...Expenses per mile of road operated.
8,030 11
$3,151 39___ Profit..................................................
$3,401 10

Passenger.

[VOI, LXVII-

$12,703,730 26 __ Earnings from p issongers................... $12,861,010 70
123,639 97—
from • xcess baggage......... 125.557 83
262,199 39__
from miscellaneous sources 261/232 12
$13,084.619 62 ... Total passenger earnings.............$13,230,800 65
10,014,834 04*,.,Expenses allotted to transportation
of passengers...................................... 10,160,118 08
$3,079,785 58---- Profit.................................................. $3,090,682 57
cts. 1-90___Earnings per passenger per mile........
cts. 1*86
cts. 1-45*...Expenses per passenger per mile__
cts 1-43
ots. 0 4 5 ---- Profit...................................................
cts. 0-43
$1 08___Passenger earnings, per train mile
(Including mall and express)..........
$1 07
0 68*.-.Passenger expenses per train m ile...
o 67
$0 40 ... Profit........... ......................................
$0 40
$5,467 76 Passenger earnings per mile of road,.
$ 5,532 97
4,181 77*... Passenger expenses per mile of road.
4,212 13
$1,285 99___ Profit..................................................
$1,290 54

The increase in freight earnings was $1,045,398 23, or .six
per cent; the tonnage increase was 2,753,629 tons, or thir­
teen per cent; and the tonnage carried one mile was 709,958,351 tons greater, or nineteen per cent.
The rate per ton per mile decreased from 6'8 mills in 1897
to 6’1 mills in 1838, the lowest, annual average yet reached.
Tltis decrease is largely accounted for by the fact that 577 of
the tonnage increase occurred in the low-class freights. The
average distance each ton was carried was 192 miles, as com­
pared with 184 miles in 1897.
The condition and volume of the way business, whicli
furnishes the greater proportion of the tonnage and
earnings, are significant as indicating the improved con­
dition of trade in the communities served by this company's
lines.
Passenger traffic has been wall maintained during the
past year. The earnings have increased $156,181 03 and the
number of passengers carried 907,771 over the previous year.
The increases in passengers carried and in passenger
mileage were almost in exact proportion to the increase in
earnings; hence the rate par passenger per mile decreased
but slightly in comparison with that of 1897.
Increases in the local earnings, and especially in the com­
mutation business, are among the notable results of the
year. The growth in commutation traffic during the past
ten years has been very marked, both on the Hudson and
Harlem divisions, and* along the line of the West Shore
Railroad as well. Since 1888 the number of passengers
and the earnings from this source have much more than
doubled.
Tlie decrease in the cost of maintenance of way was due
to the fact that the extraordinary replacements of rail from
1891-7 enabled the company to" maintain its track super­
structure without heavy renewals in the year just closed.
(During the eight years referred to, 235,000 tons' of from 65
lb. to 100 lb. rail had been purchased for re-laying 2,042 miles
of track.)
The roadway has received special attention, as the increase
of $96,352 80 shows; and improvements of permanent value
have been made in many of the company’s station and shop
buildings.
In the maintenance of its equipment during the past year
the company has spent $3,177,612 78 in what are known as
‘•ordinary repairs” and $1,157,338 94 for charges of an ex­
traordinary character. Tnese latter included the cost of
1,090 new* cars, 20 new passenger locomotives, the re-up­
holstering of 150 passenger c trs, and also the expense of
dynamos and electrical furnishings for the “ Lake -Shore ”
and “ New York & Chicago Limited ” trains.
The 1 090 new cars were constructed at the company’s
shops at West Albany.
The condition of the rolling stock shows steady improve­
ment from year to year, both in inventory value and as re­
gards tonnage capacity.
As fast as cars of 15-ton and 20-ton capacity have been
condemned and destroyed they have been replaced with
others with a capacity of from 40 to 60 tons. Hence the in­
ventory on June 30, 1898, when compared with that of June
30, 1888, shows that while the number of cars remains prac­
tically the same, the total tonnage capacity has increased
from 313,957 tons to 658,905 tons—or it has more than
doubled.
The increase in traffic expenses, which include all charges
incident to the procuring as well as to the handling of traffic,
is the direct result of the much heavier volume of business.
For example, the increase in freight tonnage was 8,101,828
tons, and 907,771 more passengers were carried in 1897-98
than in 1896-97. This necessitated an increase of 3,251,908
miles in the engine mileage, of 2,334,420 miles in train milca ;e and the handling of 657,628 more freight cars. Car
service charges increased $101,774 50 ; the station pay-rolls
increased $188,622 67, representing a monthly average of 27,
mean ; and the pay-rolls of engine and train crews, $3144124 15, a monthly average of 226 man. During the. year the
New York and Weehawken elevators received 81,411,163
bushels of grain in excess of the quantity received in the
year preceding.

SUMMARY OF FIRST CHARGES.
Interest on funded debt.......................................................... $5,421,200 07
Rentals of leased lines........................................................... 3,972,422 23
Taxes............................................................................................ 2,107,69 ) 47
Interest on notes and loans...................................................
58,901 86
Total first oharges..............................................................$13,560,226 63
DIVIDENDSOot. 15,1897, 1% on
1,000,003 gliaros of capitalstock.$1,000,000 00
Jan. 15,1898.1% "
1,000,000 .... *
“ . 1,000,000 00
Apr. 15,1808,1% “
1.000,000 “
“““. 1,000,000 00
July 1», 1898, 1% “
1 ,000,000 “
“ ““. 1 ,000,000 00
Total.......... i% ..................................................................... $4,000,000 00

593

T H E C H R O N IC LE,

S eptember 17, It! 8.1

CONDENSED GENERAL BALANCE SHEET.

A SSETS.

June 30,1897.
Road and equipment.
$115,262,006 07
Cost of road..............................................................................................................................................
IS,018,Or 9 25
Real estate.........................................................................-.....................................................................
913,500 52
Changes of grade crossings, Buffalo (incomplete).........................................................................
$26,511,126 25 Cost of equipment................................................................................................... $26,546,226 25
30,417,? 90 56 3,906,464 31 Special equipment....................................... «.......................................................... 3,606,464 31
$164,611,166 40
P r o p r i e t a r y in te r e s t i n o t h e r lin e s t h r o u g h o w n e r s h ip o f s to c k .
Lake Shore & Michigan Southern Railway__ ___- —
Michigan Central Railroad...............................................
Dunkirk Allegheny Valley A Pittsburg Railroad.......
$156,912 38
Syracuse Geneva A Corning Railway.......... .................
662,600 00
Carthage Watertown A Saokets Harbor Railroad---483,500 00
Terminal Railway of Buffalo..........................................
New Jersey Junction Railroad.........................................
100,000 00
Sundry other railroads.....................................................
55,609 22
$1,458,61160
Ownership
of other property.
$2,043,P50 31
Beal estate not used In the operation of the road....................
1 905,878 36
Hudson River bridges at Albany.............................................................................................................
91,'66 28
Bonds of sundry railroad companies............................................................................. ......................
4,021,584 77
stock in other than railroad companies................................................................................................
$10,662,5': 9 72
Advances for lessor and other companies.New York & Harlem Railroad.
z$l,3o9,883
Mo- oooai15* ]SMorrisania
and other construction tin excess of reim-) $1,319,560
^r..12.,,
buraementimprovements
by lessor).....................................................................................J
2,561,789 48 Elevation of tracks and new bridge over Harlem River................................ 3,024,196 48
5,000 00 Grand Central station enlargement.......................... .......................................
629,814 63
$3,926,677 63
Dunkirk Allegheny Valley A Pittsburg Railroad
373,559 73
West Shore Railroad....................................................
278,855 84
Rome Watertown A Ogdensburg Railroad...........
366,761 04
New York A Putnam Railroad.................................
290,8*6 84
Other companies....... ........................... .....
184,641 51
$5,421,382 59
Current Assets.
Cash charged Treasurer.......
$1,912/19 78
Tratho balances receivable..
2.657,899 19
Sunnry collectible accounts.
2,781,190 49
Fuel and supplies on hand -.
2,362,*90 71
$9,714,000
17
...................
Sinking
for thefrom
redemption
of gold debentures
of 1890...„._............................ ...................................
2,914,150 00
Securitiesfund
acquired
lessor companies
(per oontra)..................................................................................
$194,781,900 48
L I A BI LIT IE 8.
Capitalization.
June 30, 1897. $99,993,700
00 C A PITAL ST O C K ...............................................................................
6,300 00 Consolidation certificates.....................................
$ 100,000,000 00

•

$30,000,000 00
9.733.333 33
10,000,060 00
1,000,000 00
13. *9 4,000 00
6,450,000 00

70,377,333 33
7,000 00
$170,384,333 33
803,636 84
111,276 00
$3,065.888 09
978,10058
3,704.006 22
1,000,00000
65,128 21
290,3*1 25

$9,103,504 35
2,914,150 00
11,464,999 96
$194,781,9 0 48

FU N D E D DEBT.

First mortgage bonds.............................
First rnorrgage sterling bon Is........... .
Debent re certificates of 1034.................
Debenture certificates of 1889.................
Debenture cer iffcates of 1890.................
extended debt certificates...........................
3^% Gold mortgage bonds....................
Gold bonds, Lake Shore collateral.........
Gold bonds. Michigan Central collateral

June 30,1898.
$115,289,423 83
18,146,103 601.298,419 54
30,152,6' 0 56
$164,886,637 53
$89,938,625 00
17,137,415 00
156,912 38
662,600 00
483,700 00
410.000 <0
100.000
00
55,609 22
$108,944,86160
$2,043,950 31
1,905,878 36
2,691 166 23
4,021,584 77
$10,662,579 72.
$4,973,571 23
373,559 73
254,318 48
268,072 57
291,165 47
186,404 12
$6,347,091 60
$1,667,827 7:
2,66),7 75 ’
4,08^,645
2,327,972 02
$10,742,220
97
450,110 00
2,914,150 00
$304,947,651 42:

June 30,1898.
$99,993,700 00
6,800 00 $100,000,000 00
$29,96’.000 00
7,652,347 40
6, <06,009 00
833,000 00
6,85 L.O00 00
4,4 *3,000 00
25,518.600 38
89.938,625 00
17,137 415 00 181,490,937 78'

BOND AND MORTGAGE PAYABLI........................
7,000 00
T otal c ap italizatio n .......................... ................................................................................................................................... $281,497,937 78
L o a n s a n d b ills p a ya b le .........................................................................................................................................................
457,391 28
R . W. ct O. eq u ip m en t notes p a y a b le .................................................... .................................................. .........................
.....................
C u rren t L ia b ilitie s.
W ages and su p p les....................................................... ....................................................... ................................
$2,6 ?7,379 36
Traffic balances payable.......................................................................................................................................
1,28 2,405 51
In te re st and re n ta ls accru ed .................................
5,345,038 17
D ividend payable Ju ly 1 5th.....................................................
1,090,000 00
D ividends and In terest unclaim ed.....................
69,936 26
Sundry accounts p ayable.......................................................................................................................................
319,190 36

$10,653,949 66
9,9U .150 00
9.424,172 70
$304,947,661 42

Securities
in trust for lessor companies (per oonlra)
Profit
and held
loss.............................................................................
CAPITALIZATION.

Capital Stock.

Number of shares issued.................................................................. 999,937
Consolidation certificates not yet converted..............................
63
Funded Deb's..
Number of shares authorized.........................................................1,000,000
Par value per share.. ............ ....................................................... $ 100 00
D ate
A m o u n t of A m -u-nt Issu’d R ate P a y ab le Total par value issued and outstanding................. ...... $99,993,700 00
ate o f au
C lass o f B ond. o f mDatu
th
o
rized
o
f
on
i
he
1st
Consolidation
certificates outstanding.............................
6,3-0 00
and
now
rity .
issue
Issued. o u tsta n d in g In f. days o f—
Total
par
value
authorized........................................
........$100,000,0.0
00
J a n u a ry Dividend for the year, 4 perceut.
F irs t m ortgage. 1873 J a n . 1,1903 $30,000,000 $22,961,000 00 7 % 5<and
J u ly Amount of oapltal stock per mile of road owned (819*45
F irs t m o rtg a g e ) 1573 J a n . X, 1903 £2.000,000 7.052.347 40
J a n u a ry
a* 5t and
s te rlin g ........... )
miles)......................... .................................................................. $L22,033 07
J u ly
D e b e n tu re s ........ 1884 S ept, i, 1904 $10,000/ on 0,103,000 Oo 5* s M arch & COST OF ROAD AND EQUiPMENT—CONSTRUCTION ACCOUNT.
D e b e n tu re s o f ) 1889 S ept. 1.1904 1,000,000
j( MS eparcht’ber&
COST OF ROAD.
833.000 00
1-89................... >'
Grading and masonry..............................$21,822,305 23
G old d e b e n t’s ) 1890 J u n e 1,1905 15,000,000 0.851,000 00
J
J
u
n
e
St
Bridges
and
trestles....................
3,130,675 84
4*
o f 1890 ...........f
•iE x te n d d e b t > 1853 M ay 1,1905 0,450,000 4,493,000 00 4* J M ay an d Superstructure, including rails............ 32,57«,66i 69
certificates... • f
/) NJ aov’ber
Buildings
and
fixtures.........................
.
17,079.961
50
n u a ry Blook sign als............................................ 1,004,882 78
G olJ m o rtg a g e ... 1897 J u ly 1,1997 100,000,000 25.618,000 38 **<
Engineering...............................................
3.024,323
73
^
G old bonds. L. > 1898 Feb. 1. 199- 100.000,oco 89,938,025 00 3 M ) Feb and Rochester <fe Lake On'ario Railroad...
150,000 00
S hore o o llat’l l
Buffalo
A
Niagara
Falls
Railroad.......
658.9''l
56
Gold bds..M lcb. > 1898 Feb. 1, 1998 21.660,00i» 17,187,415 00 3M j F eb. aud
C ent, c o lla t’l . )
) A ugust Lewiston Railroad................................... 400,000 00
Saratoga A Hudson River Railroad__ 2,000,000 00
$181,490,987 78
T o ta l a m o u n t o f fun ded d e b t__
Syracuse Junction Railroad........ .......... 732,297 57
^A m o u n t p e r m ile o f road ow ned (819*45 m iles) $90,810 85
Junction Railroad, Buit'al o .................... 219,900 00
Niagara Bridge A Canandaigua R R ... 1,000,000 00
Geneva A Lyons R ailioad.................... 331,589 93
• Issued by th e N. Y. C e n tra l R ailro ad Co.; a ll o f th e o th e rs listed a b o v e w ere Consolidation
certificates,
______
issued by th e N. Y. C entral St H u d so n R iv er R ailroad C om pany.
ing oost of road
to this comrepresentpany.... 31,157,904
00 $L15,289,423 83
t O riginal ra te o f In te re st 6 p e r cen t; e x te n d e d M ay 1, 1*83, fo r te n years a t
5 p er c e n t; fu r th e r e x ten d ed M ay 1, 1893, fo r tw e lv e y e a rs a t 4 p e r cen t.
t E xcluding L ake 8 b o re A M ichigan C e n tra l c o lla te ra l bonds.

.................. 18,146.103 60
Real estate.........................................
.................... 1,298,419 54
Changes of grade crossings, Buffalo.
Total cost of road........................................................ • $134,733,946 97

THE CHRONICLE*.

591
Brough( f

o

r

w a r d , Q
COST OF EQUIPMENT,
,$14,694,978 29
C a rs, fre ig h t-...
95,7 40 00
Cars, road and R a n d ..........
. 4,070,456 06
Cara., pita-*eager, baggage, oto
. 1,217,2£ 0 00
Loco tooil vea, pa«se n gar.......
4,011,250 00
Locomotives, freight..-...,*...
956,551 00
Floating: equipm ent...........

4

&

Q7

[VOL. LXVT1.

S ite C o m m e rc ia l S i m c sCOM M E R Cl A L E P I T O M E .

F riday N ight , Sept. 10, 1898,

N o noteworthy changes have occurred in the general busi­
ness situation. There has been a fair movement o f supplies
in most lines of merchandise, with jobbers generally report­
ing the retail trade purchasing more liberally, having laid in
stocks ou tlie favorable prospects for a good fall and
Grand total cost of road and equipment... . . . . . . . . $16 4,886,637 53 fair
winter trade. Prices in the main have held to a steady besis,
although in a few instances, particularly cotton and coffee,
ITEMS tH A R G E D TO CONSTRUCTION ACCOUNT DURING TU B TE A R .
excessive supplies have had a depressing influence. Reports as
Land at Albany................................... .$120,000 00
to an impending trade war among the various interests in the
Land at other points and land damages.. 8,034 35
sugar reticing business have had a tendency to create extreme
Addition to stockyards, East Buffalo..... 26,105 00
Passenger station, Syracuse.......... ..........
,31276
$155,452 11 conservatism among buyers of refined sugar. L atterly there
been an increased export business transacted in coal due
Changes of grade crossings, Buffalo.... . . . . _______...
381,919 02 has
to a strike of the Welsh coal miners. N ow that this strike is
$540,b71 13 settled considerable interest is being shown in the possibility
EQUIPMENT.
$35,100 00 of American coal obtaining a permanent hold in the markets
opened to it through the effect of the Welsh miners’ strike.
Lard on the spot has been offered at lower prices, and at
$575,471 13
the decline a moderate volume o f business has been trans­
Credit
acted, the close being at 5'15e. for prime Western and 5c.
$300,000 00 for prime Ci ty. Refined lard had a fair sale early in the week,
$275,471 13 but the close was quiet at 5‘50c. for refined for the Conti­
nent. Speculation m lard fo r future delivery has been quiet
$164,419 97 and prices have weakened under fu ll receipts of swine and
36,796 25
sympathy with the decline in corn.
$201,216 22
D A IL Y OLOSIK8 PRICES OR L A R D FDTUKE8.
$26,5-16,226 25

Sp«oialequipment ..........................................
3,606,464 31
Total coal; of equipm ent,,...__ ....___......---- - $£0,152,690 56

i

Four steam wrecking cranes.
Total ................
.
Special equipment, by amount of annual reserve
from in co m e...................................................
Net increase for the year.
Cost of road per mile owned (819*45 miles).
Cost of equipment per mile owned...........
Cost of road and equipment per mile owned......
TABLE OF TRACKS.
MC
m of fecund Third Fourth
L im a Owned—
road, track, track. track. Sidings.
N ew Y ork to E a st A lbany (m ain
lin e .,... ..............................................
A lbany to Buffalo (m ain lin o ).....,
M ain lir e owned; len g th In m iles
B ranches o w n e d . ----- Single t rack ow n ed; leng th in
m iles................... ................ .

Sal. if on.
September delivery....c. 5-20
5-20

The demand for pork has been limited, but prices have
TUa],
held about steady, closing at $9{g9 25 for mess, i l l 50@13 00
144*00 144*01) 30*53 . .. . . . 351*07 469*70 for fam ily and $11@13 for short clear. Cut meats have sold
207*75 207*75 286*34 £86*84 738*60 1,907*28
slowly and prices have weakened slightly, closing at 6@7c.
441*75 441*75 317*27 280*04 889*67 2,376 F8 for pickled bellies, H@10 lbs, average, i}4 @ 4 H c fo r pickled
*
459*54
377*70 81*84
— ♦.

819*45 623*59 3J?*27 286*64

T roy A G reenbush R R . .................... 6*00 6*00
S puyten DuyrSI A Port. M orris HR. 6*04 6*04
New York & H arlem B it .......... . 120*90 22*14 10-11 10*41
W e s t Shore RR .... . . . . . . . . . . . . . 426*< 0 341*29
N e w J ereey Ju n c tio n R R ........ .... 1*51 4*61 * 8 08 *’i :33
R om e W aterto w n A (Jgdensburg
304*47
505 ...
R R ,..................................................
R om e W aterto w n & O gdensburg
193*78
BR. leafed lines .-.. ......... ....
175*10
M ohaw k A M alone B y .,. . ......
46*10
C arthage A A dirondack R y ......
13*05
G-ou verne ur & O sw egatchle RR.
5*20
54*00
New York A P u tnam R R ... . . ..
1*2*3
Tivoli H ollow R R .. . . . . . . . . . . . .
M ain lines le a s e d ; leng th in
m iles . . . . . . . , . . . . . . . . . . . . . . . . 3 9 0 * 6 3 13*49 11*74
B rarches Leased—
On New Y ork A H arlem R R ,.... . . 8*94 ................ .. .......
M a in L in e s L ea sed —

On
West Shore- RR.-.............
7W2U
......................
On N ew Jersey Junction R R ........
0*34 . . . . . . . . . . . .

889*57 2.836 52

50*40
22978
2*81

0 63

12* i 3
12*70
226*02
996 07
16*21

102*18

411*70

0*43

5C*2»
27*39
9*81
3 05
15*10
0*25

249*07
'205*4
9
‘ 55*91
16*70
74*36
1*48

498*71 2,27 s*?'

y*35

8*94
9*55
1/34

On Rom e W aterto w n A Ogdensburg sy ste m .. . . . . . . . ____
12110
■ SI*10 152*70
1*05 lO*0g
.......
8*40
0*35 10*00
On New York A P u tn am R R .. ..... 7*15
B ranches leased ; len g th
42*45 261*08
m iles ..............................
T otal leased lines; leng th in
m ile s .......
....... 1,575*43 393*03 13*49 11*74 541*16 2,535*45
G rand to ta l sing’e track ow ned
and leased; leng th in m iles-------2,394*88 917*22 330*70 298*38 1,430*73 5,371*97
♦ hidings included in second track.

o n M ohawk A M alone R y

Mileage of main line in
State of New Y ork...... 441*75
Mileage
branches
in
State ofofofNew
Y ork......
Mileage
leased
lines in 577*70
State of New York..... 1,551*76
Mileage
leased
lines in 23-67
State ofofNew
Jersey....

Stone bridges......................... 218
Wooden b rid g es.................. 147
211
24

Trestles..........................
Tunnels....... .......................

ELEVATORS.

Street__
Albany....
Byron,... ,
Buffalo "A”

Capacity
in hush.

1,500,000
500.000
25.0C 0
600.000

shoulders and 7% @ 734fi, for pickled hams. Beef has been
in more active demand and steadier, closing at $8 ,‘ 0@9 00 fo r
mess, $9@9 50 for packet, 110(311 fo r fam ily and |1-1@15 for
extra India mess. B ef hams have declined to f l8 £0@
19 00,
Tallow has had a fair sale at steady prices,
closing at 3% c. Oleo stearins has been in fa ir demand and
steady at 5c. Lard stearine has held steady at 6},;e. for prime
c it y ; large sales were reported made early in the week
Cotton seed oil has been quiet but about steady at 32@32*^c.
for prime yellow. Butter has been in fairly active demand
and firmer, closing at 14J^@30c. fo r creamery. Cheese has
had a better sale and at firmer prices, closing at d@ 7% c. for
State factory, fu ll cream. Fresh eggs have been in fairly
good demand and higher, closing at 16},£c. for choice Western.
Brazil grades of coffee have had a slow distributing sale;
consequently jobbers have been averse to making purchases,
and as there has been increased pressure to sell, prices have de­
clined, closing at 6j£o. for R io N o. 7. Sales of Santos No. 4
have been made at
cost and freight. The specula­
tion in the market fo r contracts has been quiet, and prices
have weakened slightly in response to easier foreign advices
and a fa irly large movement o f the crop. Mild grades have
been in increased supply; demand has been quiet and prices
have weakened to Pc. for good Cucuta. East India growths
have been dull and nominal at 24%c. fo r standard Java.
Following are final asking prices:

Sept..*—. ........... 5*f Oo, I D ee,.............. 5*Q5e. [April......... .

5*95p.

Get........................ 5*300, Jan....................5*75e. I May............... 6 *006*
Steel bridges......................... 3,f43 Nov.
5*4Cc. I M ar..... . . . . . . .
5*85e. I July — .............. 6*150.

Gauge of track...4 feet 8 1**inches
of rails, per yard, 60 to
Total m ileage.........2,394*88 Weight
100 lbs.
EQUIPMENT.
Locomotives*
For
p
as
sen
ger
s
erv
I
ce........
371 I Dummy engines
9
For freight service................ 569
For switching service........ 178 1 Tot.locomotives in service.!, 127
Cars in P assenger Service,
Firs fc-el as s p assen ger oars... 726 Mail, express and baggage
Becoitd
nger ears. 201 ears .......................
Combi n class
at ion paset
ears...”__
..... 11821 Other cars in passenger serv­ 332
limn
i
gran
fc
ears.
..........
17
Dining cars...................
15 ice.......................
Parlor cate— .................... 3
Total*......... ... ___..1,433
Cars in Freight Service.
Oarn h i Oomp u n y 's Sem ite,
Bor ears
........... *...............27,279
and pay cars........
7
Flat oars.............................. 3,163 Officers’
Gravel oars......................... aoo
Goal
c a rs ...........
oars....................... 484
Refrigerator
cars................ 5,047
1( 3 Caboose
Other road cars......... .
3i7
, Total...................... . 37,007
Total.............................. 1,363
/"Total cars in service ............ .............................................. 40,413
F loating f quipnient.
Propelle rs at d steam tugs..... 20 Floats......................................... 27
Barges..................................... 61
Ceniri boats.............................. 22
Total boats of all kinds__ 143
New York City, 60th

Tues. 1fed, T h u n . Fri.
5-27
5-27 512
5-10

C a p a city
i n h u sh ,

800,000
Buffalo "B *............
Weehawken............. 3,250,000
Norwood....*___*.......
250,000
T otal,... .......... 4,925,000

R aw sugars have been sparingly offered, but as refiners
have not been especially anxious for supplies prices have not
changed, closing at i% o . for centrifugals, 9(5 deg. test, and
8 18-16c. for muscovados, 89-deg. test. Refined sugar has been
firm but quiet at 5J£e. for granulated, Teas have been dull.
Other staple groceries have had a moderate sale at fu ll values.
Kentucky tobacco has been in moderate demand. Offer­
ings have been limited and sales made have been at fu ll
values. Seed leaf tobacco has been less active but prices
have held steady. Sales fo r the week were 2,1*5 cases, as
follows: 700 cases 1897 crop, N ew Y ork State flats, 15 to 80c.;
400 cases 1897 crop, Zimmers, p. t .; 250 cases 1897 crop,
Dutch, 18c.; 800 cases 1897 crop, Wisconsin Havana, Oto
12J|o.; 100 cases 1896 crop, N ew England seed leaf, 30 to
8714c.; 75 cases 1896 crop, N ew England Havana, 30 to 4(>o.;
100 cases 5895 crop, Pennsylvania Havana, 13c.; 100 cases
Is95 crop, Pennsylvania seed leaf, 13o.,and 150 cases sun­
dries, 6 to 16c.; also, 150 bales Sumatra, at 80c. to f l 80 in bond.
Straits tin has continued to meet w ith a moderate sale and
prices have been unchanged and steady, closing at 16'15@
16-25c. Ingot copper has bad only a lim ited sale, but there
has been no pressure to sell, and values have held fairly
steady at 12%@13J£c. for Lake. Lead has been dull and
easier, closing at 4c, for domestic. Spelter has been quiet
but fairly steady at 4,80<§4,85c. for domestic. P ig iron has
continued to meet with a fair demand at steady prices, clos­
ing at §0 7 6 @ fll 50 for domestic.
Refined petroleum has been firmer, closing at 8‘65e. in hbls.,
4‘15c, in bulk and 7-80c. in cases ; naphtha unchanged at 6c.
Crude certificates have been higher, closing at $1 02 ; credit
balances have been advanced to 81 02. Spirits turpentine has
been quiet, but the close was firm at 81@31Kc, Rosin has
been dull and unchanged at $1 27!4@$1 80 for common to
good strained. W ool has been dull and unchanged, Hops
have been in moderate demand and firmer.

C O T T O N .

F riday N ight , September 16, 1898.
The Movement of the Crop , as indicated by our telegrams

from the South to-night, is given below. For the week ending
this evening the total receipts have reached 112,851 bales,
against 51,661 bales last week and 33,250 bales the previous
week, making the total receipts since the 1st of Sept., 1898.
bales, against 295,471 bales for the same period of
showing a decrease since Sept. 1,1898, o f 116,557 bales.

178,814
1897,

Receipts at— Sat

Galveston........
New Orleans...
Mobile..............
Bavannah........
Brunsw’k.Ac.
Charleston.......
Pt. Royal, <vc.
Wilmington—
Norfolk............
N’p’t News, Ac.

Mon. Tuts. Wed. Thurs. Fri.

7,446 10,092 4,462
2,452 3,256 3,634
844 1,012 910
3,206 2,362 2,716
...... ...... ......
338 1,412 466
...... ...... ......
398 381 1,162

146 578 783
...... ...... ......
880 291
30
Philadel’a, Ac..
Tot. this week 15,710 19.3«4 14.163

12,683 6,373 9,084 50,640
693
693
3,415 2,316 6,890 22,493
335 514 992 4,657
2,390 4,202 3,225 18,101
...... ......
973
973
1,129 799 1,353 5,502
...... ......... .........
996 1,075 .695 4,707
12
12
210 766 759 3,242
......... ......... 186
186
70 102
80 1,423
15
15
210
67 113
21,308 17.214 25.075 112,854

8tock.
1898.
|
1897.
Receipts to This Since Sep. j This Since Sep.
Sept. 16. week. 1,1898. week. 1,1897. 1898. 1897.

Galveston...
New Orleans
Mobile........
Bavannah...
Br* wick,Ac.
Charleston..
Wilmington.
Norfolk.......

50,610 87,423 56,269 99,229 71,687 66,277
693
931
761
1,424
22.493 32,89o| 35,953 69,950 76,446 41,553
9,629
4,657
5,706 5,733
8,213
6,214
60.154
24,629
18,101 26,924 39,621
49,414
1,176 1,296
867
973
1,859
1,483
21,174
5,502
8,132 19,133
7,315 14,293
.........j 312
312
5,562! 17,817 24,148 11,391 15,813
4,707
12
33
15
28
6,294
3,212
0,603 5,033
3,736
3,597
186
520
299
294
394 47,880 45,848
Boston........ 1,423
941
4,500
1,900
3,659
3
67'
37
122
1,884
824
Baltimore..
15
321! 654
804
3,118
Phlladel, dte.
210
2.807
Totals....... 112,854 178,914 178,113 295,471 263,677 254.^71
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.

Receipts at— 1898.

1897. 1896.
51,333 57,030 76,337
22,493 35,953 59,614
4,657 5,732 9,101
18,101 39,621 38,133
5,502 14,610 23,314
4,719 17,845 11,698
3,242 5,038 21,138
136
294
346
2,621 1,990 4,996
112,85» 173,113 215.103
178.914 295.471 462.175

1895. 1894.
23,586 36,732
19,030 31,977
3,468 8,325
25,115 35,832
9,371 15,459
4,436 9,128
3,137 3,273
503 1,586
2,034 3,205
91,080 148,547
152,421 275,82’

1893.
26,502
16,755
7,177
28,723
6,184.04J
4,040
516
1,911
95,849
180,720

Tne exports for the week ending this evening reach a total
32,316 bales, of which 8,546 were to Great Britain, 7,143
to France and 16,634 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1898.

of

Export*
from—
G a lvesto n ......
T e x . City, Ac..
N ew Orleans..
M o b ile............
Pen sa co la ......
Bavannah.......
B ru n sw ick ___
C h arleston ....
P o r t R o y a l....
N o rfo lk ..........
N 'p o rt N., Ac..
N ew Y o r k ......
B o s to n ..........

Week Ending
Sept.to—16, 1893. From Sept.Exported
1,1893. to Sept. 16.189H
Exported
to—
Great France Conti­ Total 1 Great France Conti­ Total
Brit'n.
nent. Week. iB rifain.
nent.
4.33 >

7,82-* 18,710
103
103
3.391
3,394

21,700

7,040

8,35 i

403

8.334
148
3,?9i

37.130
143
12,551

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

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

1,570

1,570

1,570

1,570

4,169
59

4,693
1,666
2,180

1,16*
1,731
2,201

115

10.239
80
P82

11,611
1,811
3,183

8,546

7,146 10,621 32.816

35,141

7,669

25,197

67,910

6.S92

8.9.*S<| 25 594 3S 14*

19 577 14 105

29.910

63.622

421
1.007
2,180

P h ila d elp h ia ..
Ban Fran.. Ao.

Total..........
Total, 1807__

7,048

100

........

In addition to above exports, our telegrams to-night also
give us the follow ing amounts of cotton on shipboard, n ot
cleared, at the ports named. W e add similar figures fo r
New York, which are prepared for our special use by. Messrs,
Lambert & Barrows, Produce Exchange Building.

ON SHIPBOARD, NOT CLEARED FOR—

Great France. Other Coast­ Total.
Sept. 16 at Britain.
Foreign wise.

Leaking
stock.

466 7,150
382 15,369
Sew Orleans... 7,371
Galveston......... 23,232 3,845 3.000 2.436 37,583
Toial. Savannah.........
None. None. None. None. None.
600

The follow ing shows the week’s total receipts,the total since
Sept. 1,1898, and the stock to-night, compared w ith last year.

Galves’n,Ac.
New Orleans
Mobile.........
Bavannah...
Ohas’ton, Ac.
Wllm’ton, Ac
Norfolk........
N. News, <feo.
All others...
Tot. this wk.
Since Sept. 1

695

T H E C H R O N IC LE]

S eptember 17,1898. |

........

None.
Charleston.......
3,000 None.
Mobile.........
None.
Norfolk............. None.
100
Sew York........ 2,750
1.500 None.
Other ports—
Total 1898... 38.503 9,411
Total 1897... 23,634 9,802
Total 1896... 56,449 19,988

None.
None.
1.000
1.030
1,200
13.380
22,466
47,633

500
None.
2,000
None.
None.
5,318
17,185
11,807

61,077
34,124
24,628
1,100
7,032
■ 3,000
6,628
3,000
736
3,8 £0 43,800
2,700 19,040
66,612 197,065
73,087 181,784
135,877 351,426

Speculation in cotton for future delivery has been more
active, but it has been at the expense of prices. The weak­
ness was most pronounced during the latter part of the week.
Weaker foreign advices and selling for foreign account, un­
derstood to be largely against low firm offers from the
South, together with liquidation by tired longs and the ab­
sence of force to the buying power, were the principal de­
pressing features. The monthly report by the Government’s
Agricultural Bureau, issued on Saturday, was less favorable
than expected. Immediately follow in g this report prices ad­
vanced rather sharply. Subsequently, however, nearly all
of the improvement wasjlost under selling by local operators
who placed but little credence in the report. Monday the
market was slightly easier early in the day in response to weaker
foreign advices and selling for foreign account. Later in the
day reports of heavy rains in Louisiana and Eastern Texas
stimulated some buying and the market turned steadier,
closing with prices unchanged to 2 points higher for the day.
Tuesday there was a quiet market and changes in prices were
of an unimportant nature. Wednesday the market turned
decidedly easier. Foreign advices were weaker and brought
a number of selling orders. There were reports of large
crop estimates, and during the latter part of the day there
was a moderate amount o f selling for local account. The
close shows a net loss in prices fo r the day o f 9 to 10
points. Thursday the downward tendency continued.
Under the increasing movement of the new crop buyers
hesitated about purchasing freely, despite the fact that
prices had reached a lower basis than was recorded at any
time daring the cotton year just closed. The depressing
feature for the day was free selling by tired longs to liqu i­
date accounts. The close shewed a net loss in prices o f
7@8 points. To-day the market was steadier early in the
day on buying for foreign account but reacted under re­
newed selling by longs. Toward the close, however, buying
by shorts to cover contracts again turned the market steadier,
and the close showed prices 1 to 3 points higher for the day.
The spot market declined l-16c. on Wednesday and on Thurs­
day. To day the market was quiet and easy at 5 U-lCc. fo r
middling uplands.
On the basis of the rates on and off m iddling as established
by the Revision Committee, the prices for a fe w o f the
grades would be as follows:

UPLANDS.
Good Ordinary...........................
Low Middling..............................
Middling.......................................
Good Middling............................
Middling Fair.............................
GULF.
Good Ordinary...........................
Low Middling..............................
Middling......................................
Good Middling............................
Middling Fair.............................

Sat.
49ie
5%
513,
668,18
Sat.
4l3ifl
5^8
0*16
gHs
6%
STAINED.
Sat.
Low Middling__
43..
Middling...................................... 53s
Strict Middling...........................
Good Middling Tinged.............. SL-i!
513,6

.71Oil T iles Wed
4»I6
4»,6
53s 53a 4%
55.6
5 l3ie 51316 5%
6116 61,6 661.6
68,
lio n T u es Wed
413.6 413,e 43,
55s 5»s 59,6
6
665.6
‘i« Ob,,
65,6 6 i4
6% 63, 6 H 10
M on T u es Wed
4!g
43,6
53s 43.6
53s
55,6
519,,
51^32
513,. 513.6 5'-V,
5%

T il.
430
514
56 u ia
67,«
Th.
4i8
5ki
S'1,6
6%
60
TU .

&8
8SS

F r l.
43s
51,
511.6
6
67.6
F r l.
478
5^2
56’4
15ia
0 ii16
F r l.
46.6
514
51633
511.6

The quotations for m iddling upland at N ew Y o rk on
Sept. 16 for each o f the past 33 years have been as follows.

1898__ 0.
1897........
1896........
1895........
1894........
1893........
1892........
1891.........

5Ulfl
7k
8k
8i6
678
73,6
84

1890....o.iosg
1889.........1138
1888.........10l,8
1887......... 9 i*,8
1886......... 9 q 6
1885.........lOljrt
1884.........108,
1883.........103s

1 8 8 2 .... c.12U16
1881........ 12i8
1880.........l l 78
1879.........125,8
1878.........11*0
1877.........I lk
1876........ 113s
1875.........14is

1874....o.lt>k
1873.........20k
1872.........20ia
1871.........21
1870.........1913
1869........ 30
1868.........25%
1867.........25

market and sales .
S ales of S pot A C ontract .
S pot M arket FMutures
arket
Ooyi- tract.
Con­ Total.
Ex­ sump.
C losed .
C losed . port.

Saturday.. Quiet.................. B’rlv steady.
Monday.. . Hull..................... Quiet............
Tuesday... Dull and easy.. Quiet............
Wednesday Steady at l|r dc. Steady.........
Thursday.. Easy at k« dec. Steady.........
Friday....... Easy.................... Steady .........
Total.__

113
39
278
735
652
265
700 2,082
400
300

513
339
278
735
• •a. 652
265
.... 2,782

596

T H E C H R O N IC L E .

F utures .—'Tiis lnghs3t, lowest and closing prices of
Futur s at Mew York are shown m the follow ing table.
X
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t the nterior T ot^nb the movement— that Is the receipts
for the week and since September 1, the shipments for the
week and the stooks to-night, and the same Items fo r the
corresponding period o f 1897—is set out in detail below.

c-S 4b hto
£2.5S-orSo WS
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* Last year’s figures are tor Columbia, 8. C.

to-mgnt, as made up
cable and telegraph is as follows. Continental stocks, as well
The above totals show that the interior stocks have
as those fo r Great Britain and the afloat are this week’s re­
turns and consequently all European figures are brought down increased daring the week 19,703 bales, and are to-night 1,142
to Thursday evening. But to make the total the complete Dales m ore than at the same period last year. The receipts at
figures for to-night (Sept. 16), we add the item of exports from all the towns have been 39,633 bales less than the same
week last year and since Sapt. 1 they are 93,539 bales le s s
the United States including in it the exports of Friday only.
1890
1895. than for the same time in 1897,
1897
1898

433,000 1,091,000
Stock at Liverpool.... .bales. 707,000 337,OOC __3,000
6,000
3,000
4,000
Stook at London.....................
Total Great
Britain stook. 710,000 391,000 426,000 1,100,000
_______________
Stook at Hamburg................... 20,000 19.000 32.000 31.000
160,000
Stook at Bremen...................... 103,000 50.000 71.000
5.000 13.000
1,000
1,000
Stook at Amsterdam.............
200
200
200
Stock at Rotterdam..............
200
2,000 13.000 13.000
Stock at Antwerp.....................
9,000
119,000 316,01C
Stook at Havre.......................... 120,000 65.000
6,000
5.000
4,000
1,000
Stock at Marseilles..................
Stock at Barcelona.................. 52,000 56.000 61.000 56.000
Stook at Genoa.......................... 22,000 29.000 16,000 27.000
Stook atTrieste........................ 19,000 13.000 33,000 30.000
Total Continental stooks.. 355,200 341,200 355,200 650,200
Total European stooks. . 1,065,200 632,200 761,200 1,750,200
India ootton afloat lor Europe
40,000 18,000 37,000 33,000
Amer.ootton afloat for Europe
83,000 55,000 152,000 44,000
Egypt,Brazll,&o.,aflt.fOrE’pe
12,000 13,000 6,000 15,000
Brook In United States ports . 263,677 254,871 487,303 362,386
Stook In U. 8. Interior towns., 130,836 129,694 223,091 66,739
TJnltedStatesexports to-day.
6.570 13.477 12,120 ____2,570
Total visible snoplj.......... 1,«01,283 1,110,24 2 1,698,714 2,276,895
O ttbeabove,totals ox Amsrloan and other descriptions are as follows:
American—
LIvcrpool stook. -....b a le s. 629,000 285,000 303,000 976,000
Continental stooks................... 292,000 177,000 245,000 582,000
American afloat tor Europe..
83.000 55,000 152,000 44,000
United States stook................. 263.677 251,871 487,303 362,386
United States Interior stooks. 130.336 129,694 223,091 66,739
United States exports to-day.
6,570 13,477 12,120 2,570
Total Arnerloan................. 1,405,063 915,042 1,422,514 2,013,095
Bait
Indian,
Brazil,
do.—
120,000 118,000
Liverpool stock....................... 73.000 102,000
4,000
3,000
6,000
3,000
London stook............................. 63,200
64,200 110,200 88,200
Continental stooks...................
18,000 37,000 36.000
India afloat for Europe.......... 40.000
12.000 13,000
0,000 15.000
Egypt, Brazil, Ao., afloat....... .................
— Total East India, * o ........ 193,200 201,200 276,200 268,200
® Total Arnerloan..... ........... 1,405,083 915,042 1,422,514 2,013,695
Total visible supply......... 1,601,283 1,116,242 1,098,714 2,276,895
4 iKd. 4'-U«d.
43sd.
Middling Upland, Liverpool.
Stsad
8 S4O.
7o.
8hio.
Middling Upland, New York. 511. R0
5d.
W d.
6*31.
EgyptGoodBrown, Liverpool
4*81.
0>4d.
6i3 18d.
Peruv.Rough Good, Liverpool eisisfl4d. 4t,*d.
37,«d.
4 b nd.
Broach Fine, Liverpool..........
4>sd.
3l«d.
4%i.
4>«A
Tlnneveny Good, Liverpool..
t3 T The imports into Continental ports the past week have
been 36,000 balea,
The above figures indicate an
in the ootton in sight
17-night of -185,041 bales as compared w ith the same date
of 1897, a loss of 97,481 bales over the corresponding date
o f 1896 and a decrease o f 075,613 bales from 189S

increase

O verland Movement for th e W eek a n d S ince S e p t . 1 .—

We give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports received Friday night.
The results fo r the week
ending Sept. 16 and since Sept. 1 in the last tw o years are
as follows.

September 16.
Skipped—

Via St. Louis.................................
Via Cairo........................................

1897.
1898.
Since
Since
Week, Sept. 1. Week. Sept.
1.
3,596
1,572

7,189
2,530

1,417
2,111
56

2,803
3,496
389
14
182
781
6,665
2,261
11
1.697
3,969
2,696

Via Louisville...............................
408
583
114
712
1,517
Via Cincinnati..............................
Via other routes, &o....................
524
372
1,317
Total gross overland................ 6,810 13,186 4,070
leduct
shipments—
Overland to N. Y., Boston, Ao.. 1,618
4,017
694
23
Between interior towna..............
S
4
812
1,530
769
Inland, &o., from South..............
Total to bo deducted............... 2,403
5,650 1,467
Leaving total net overland*.. 4,342
7,486 2,603
• Including movement by rail to Canada.
The foregoing shows that the w eek’s net overland movement

this year has been 4,813 bales, against 3,603 bales for the
week In 1897, and that for the season to date the aggregate net
iverland exhibits an excess over a year ago of 4,790 bales.

In Sight and Spinners’
Takings.

1898.

1897.

Since1. Week. Since
Week. Sept.
Sept. 1.

178,914 178,113 295,471
teoelpts at ports to Sept. 16------ 112,854
4,342
7,486 2,603
2,696
let overland to Sept. 16............... 26,000
62,000 21,000 57,000
Southern consumption to 8ept.l6
Total marketed......................... 143,196 248,400 201,716 355,167
nterlor Btooka Inexooss............... 19,703 26,717 51,356 84,618
Came Into sight during week. 162,899 275,117 253,072
•139,785
Total In sight Sept. 16— .......
Nirth’nsplnnerstak’gs tn Sept.16 17,227 29.749 23,802 53.092

r H E C H K O N IC L E.

SSPTEMBER 17. 1898. J

Q jotations fob Middling Cotton at Otheb Markets.—

Balow are closing quotations o f middling cotton at Southern
and other principal ootton markets for eaoh day o f the week.

CLOSING QUOTATIONS FOR MIDDLING OOTTON ON—
Week
Sept.ending
1«. Batur. Mon. Tues. Wednes. Ihurt.
Fri.
5H
53g
57„
5t,
5H
Galveston.. 5?t«
5k
53,g
New Orleans 55,g
5°n

Mobile.........
Savannah. .
'Charleston..
Wilmington.
Norfolk.......
Boston.........
Baltimore...
Philadelphia
Augusta.......
Memphis....
St. Louis__
Houston___
Cincinnati..
Louisville...

53,6
5%
5t,
5%
6
6%
5*4
5%
57,«
5%
5

5»n
5Le
5*8
5M
53g
513,8

5316
5%
5*6
514
5%
5'318
6
61)*
5 7i*®k 57ie®k
5*4
5H
5*8
53s
57,,
5L«
5%
57,8
513

5k
5k
5k
5k
5k
51->1S
6
6
57i6
5k
5°is
5’,3
53,
6*16

53is
5}is
5k
5k
5k
5k
53,
5k
5t»ia
0^8
53,e
5k
5k
5%
5k

5
51,8
51,8
Ok
5k
511,8
0%
6loi g
53s ®7|r
53,8
5k
5k
53,
513

The closing quotations to-day (Friday) at other Important
Southern markets were as follows.

Athens ------ Oharlotte___ _
3 jlumbus. Ga.

I Columbus, Mies
5»19
415,g 1Enfanla... ... .. 5
Little K ook.... 49,8
4%
I
43, | Montgomery... 478

I Nashville ...... 5k
Natohez........ . 5
f Raleigh......... . 5 %
1Shreveport.... 411,8

W e a t h e r R e p o r t s b y T e l e g r a p h .— O u r telegraphic r e ­
p o r ts from the South this evening denote that rain has fallen

in most sections of the South during the week, and that in
some sections of Alabama, Mississippi, Louisiana and Arkan­
sas the rainfall has besn rather heavy. Rsports from Texas
are quite sitisfaotory. but dam »ge bv rust, worms, sheiding,
etc., etc., is complained o f in Mississippi, Arkansas and A la ­
bama. Along the A tla itic the weather has been dry as a
rale. Picking is making rapid progress, and the movement of
cotton to m irket is quite free, b it in some localities is said
to have been checked by the quarantines established agiiaet
yellow fever.
G alveston, T ern s. —Advices from all parts of the State show
that picking has been rushed to the utmost extreme dur­
ing the past week, the warm, clear weather which prevailed
being favorable. Reports of worms continne, though serious
apprehension from tha: quarter is not felt
In some localities
prospects are stated to be good fo r a top crop, even where the
worms have done injury. Taere has bsen rain on tw o days
of the past week, the rainfall reaching three hundredths of an
inch. Average thermometer 78. highest 88 lowest 81.
P alestine. T ecas. —Tttere has been rain on two days during
the week. The raiafall reached fifty-two hundredths of an
inch. The thermometer has averaged 73, the highest being
92 and the lowest 54.
Luting, Texas.— Tne weather has been dry all the week.
The therm Master has averaged 78. ranging from 60 to 96.
D allas , T e x a s — Indications point to a light top crop in
this viciaity. C >tton is being marketed very rapidly. Dry
all the week. Tne thermometer has ranged from 51 to 97,
averaging 79.
San A n to n io , Tex is . —Taere has been no rain daring the
week; minimum temperature <12.
H untsville, T exas. — Tnere has beeu raiu on one day of the
week, to the extent of twelve hundredths of an inch. The
thermometer has averaged 76, the highest being 93 and the
lowest 59.
Colum bia, Texas. — We have had no rain the past week.
The thermometer has averaged 78, ranging from 64 to 91.
Cuero, T e a s . —Dry weather has prevailed all the week
The thermometer has ranged from 64 to 91, averaging 78.
B renkam , Texas. —W e have had rain on one day daring the
week, the p ecipitation being one hundredth of an inch.
More rain is needed. Average thermometer 79, highest 99,
lowest 59.
Corpus C h risti, Texas. —There has been no rain during the
week. The thermometer has averaged 78, the highest being
88 and the lowest 68.
W eatherford, T exas. — W e have had no rain during the
week. The thermometer has ranged from 53 to 99, averag­
ing 76.
N ew Orleans, L ouisian a. —W e have had a rainfall of seven
inches and ninety-eight hundredths on six dayB during the
week. Average thermometer 76, highest 89 and lowest 58.
Shreveport, L ou isian a. — W e have had rain on three days of
the week, the rainfall being four inches and fifty-six hund­
redths. The thermometer has averaged 74, the highest be
ing 88 and the lowest 58.
Colum bus. M ississippi.—T he weather his been fine and
favorable for picking, which is progressing satisfactorily.
There has been no ram during the week.
The thermometer
has averaged 83, ranging from 85 to 99.
M eridian, M ississippi. —Crops are reported 40 per cent
short in some sections of West Alabama. Rain and rust have
injured the crop.
Leland, M ississippi. — Boll worms are still damaging cotton
and caterpillars are reported on some plantations. The
week's rainfall has been ninety-one hundredths of an inch.
The thermometer has ranged from 53 to 85, averaging 72 7.
Vicksburg, M ississip p i. —Eicessive rains have injured bot­
toms and wet weather has retarded picking. Worms are
doing some damage. Rain has fallen on tw o days of the
week, the precipitation being tw o inches and fiftv hundredths.
A verage thermometer 70, highest 82 and lowest 64.
G reenville, M ississip p i. —The weather has been clear and
pleasant the past week.
L ittle Rock, A rk a n sa s —Cotton, it is asserted, has been

597

damaged twenty-five per cent by excessive rains and worms.
Tnere has been rain on five days of the week, to the extent of
seven inches and tw enty five hundredths. The thermometer
has averaged 73, the highest being 84 and the lowest 60.
Helena, Arkansas.—Farmers complain of rust, blight, shed­
ding and too much weed, but no worms. It has been cloudy
mo3t of the week, with light rain on five days, the rainfall
reaching eighty-three hundredths of an inch. “The thermom­
eter has averaged 70, ranging from 60 to 81.
M em phis, Tennessee. —Picking is general, but local quaran­
tines hinder wagon receipts. We have had raia on three
days during the week, with a precipitation of thirty-nine
hundredths of an inch. The thermometer has ranged from
59 to 84, averaging 77'6.
N ashville, Tennessee.—Tne crop is late. Picking has com­
menced, but there is complaint of too much weed due to
the rain3. We have had raia during the week, the precipita­
tion reaching thirty-six hundredths of an inch. The ther­
mometer has averaged 75, the (highest being 85 and the
lowest 65.
Mobile, A labam a. —Crop reports indicate fair weather the
lattar part of the week: otherwise conditions have been un­
favorable. Cotton picking is active. Rain has fallen on
four days of the week, the rainfall being three inches and
sixteen” hundredths. Average thermomater 75, highest 87,
1owest 68.
M ontgom ery, A la b a m a . —Picking is progressing well and
marketing is ou a more liberal scale. The quality is mostly
poor and the out-turn much reducsd. Rain fell on three days
in the early part of the week, the precipitation being fortyone hundredths of an inch, but since then the weatner has
been dry and warmer. Tne tnermometer has averaged 72,
ranging from 64 to 85.
S im a, A la b a m a . —Cotton is opening rapidly. Condition
has not improved and the crop w ill bo short of last year. W e
have had rain on tnree days of the week, the rainfall reach­
ing forty six hundredths of an inch. The thermometer has
ranged from 64 to 88, averaging 75.
M adison, F lo rid a . —There is general complaint of shedding,
rust and plants dying in the fields. W e have had rain on two
days of the week, the precipitation being eighty hundredths
of an inch. Average thermometer76, highest 88, lowest 66.
Savannah, G eo rg ia . - I t ha3 rained on one day during the
week, to the extent o f on9 hundredth of an inch. The ther­
mometer has averaged 74, ranging from 64 to 84.
A ugusta, G eorgia.— Picking is now active. The bottom
crop nas been seriously damaged by the long continued rains.
There has been no rain daring the past week. The ther­
mometer has ranged from 57 to 83. averaging 70.
Greenwood. South C arolin a. —W e have had no rain during
the week. The thermometer has averaged 68, ranging from
59 to 78.
Charleston. South C a rolin a. —There has been only a trace
of rain the past week. Average thermometer 74, highest 85,
lowest 64.
Stateburg, South C arolin a. —There has been no rain daring
the week, and the last three days have been bright and clear,
but to day the weather is cloudy and threatening. Picking
is very active. The thermometer has averaged 70'7, the
highest being 83 and the lowest 57.
the totlo wing statement, we nave also received by telegraph,
showing the height o f the rivers at the points named at
3 o’clock Sept 15. 1898. and Sept. 16, 1897,___________________

Sept. 15, ’98. |Sept 16, ’97.
Feet.
Feet.

Sew Orleans.......
3*6
4-5
Memphis..............
2*9
9-3
ffasbVllle..............
3*7
0*9
31
*0-8
Shreveport...........
Vokshurg............
4*5
8-7
” Below «ero of gauge.
A lexandria R eceipts and S hipm ents of C otton .—
Alexandria
1896.
1897.
1898.
September, Egypt,
14.
Receipts (oantars*)___
25.000
This week____ ____
23.000
10,000
41.000
33.000
Since Sept, l ..............
14,000
This Since This Since This Since
week. Sept. 1. week. Sept.l. week. Sept. 1.
reports (bales)—
3.000
To Liverpool......... 1,000 4.000 2,000 2,000 2,000
To C ontinent......... 3,000 14,000 2,000 9,000 1,000 3.000
Total Enrope_____ 4.000 18,000 4,000 11,000 3,000 6,000
*A o»nt»ris98 pounds.
M anchester M a rk et . — Our report received by cable
to-night from Manchester states that the market is quiet
for both yarns and shirtings. Spinners are considered to be
well under contract. W e give the prices for to-day below
and leave those for previous weeks of this and last year for
comparison.

1897.
1898.
8
k
Shirt­
8 k lbs. Shirt-\ OotVn 32* Oop. ings,lbs.common
32, a op. ings,
common Mid. Twist.
Twist.
to
finest.
to finest. | Uplds
a. a. s. a. s. a.
a.
a.
a. s. a. e. a.
®77,8 4 21a®6 8
A.g.12 Siija®6k 4 1 ®6 71a 3>a 67.8
6%
®77,e 4 2 ®6 8
“ 19 59i« @Gk 4 0 >aoe 7
338
“ 20 5k ®0Bie 4 0 ®0 64a 33,8 07.8 ®73a 4 2 ®S PH
8 7i«
Sep. 2 5k 3 6 51q 4 0 ®6 6h! 3ll32 638 ®7k 44 ltj®
mj!S6 71a
65.8 ®7*4 4 m
3®32 e>
•* 9 5k ®6k 4 0 « 6
®
6
71a
4
®7>|«
“ 16 57j* 36k 4 0 ©8 6

OotVn
Mid.
Uplds
a.
I*82

4**88
4332
418
47,6

T H E C H R O N IC L E .
.

October 1 to Sept. 1.
F o r 1S97-98.

Oreat B ritain.

Continent,

Total.

Takings by spinners...bales 3,186,000 4,702,000 7,888,000
Average weight of bales lbs
507
484
493-3
Takings in pounds............ . 1.615,302,000 2,275,868,000 3.891,170,000
F o r 1806*97.
Takings by spinners...bales 3,058,000 4,283,000 7,339,000
493
Average weight of balo&.lbs
•185*5
476
Takings in pounds.............. 1,521,972,0’10 2,038,822,000 3,560,794,000

That the reid erm a y have for comparison the condition,
according to the Agricultural Department, for September 1
for a series o f years, we give the following, collated from its
reports:

T©O
ay
H
Virginia.
..
Nu. Carolina 91
Bo. Carolina Si
81
Georgia
.... 73
SO
Florida.......
Alabama . .. 80
Mississippi.. 73
Louisiana.,..
76
Texas...__ 75
Vrkaagas ... 95
81)
Tennesseo. . 94
98
90
Average... 79 8
Stales.

•* co *: c4
O£
at
»
C»HO o0«H0 a0rH0
CO
iH
93 77 78 93 62 84 88
90 80 78
84 100
88 76 76 79 95 79 84 89
95
70
8-1 70 82 86 63 77 SI 87 87 83 89
80 71 76 8 4 77 79 8 ’2 86 90 85 81
86 72 89 82 85! 65 88 9i 94 90 88
66
87l 31
80
75 86
85 78;
78! 72
72 83
83 84
81 61 7i
87 91
88 86 84
91
91
79 86
81'
76
93
78
70
85
on
70 60
62 56 84 80; 79
77 81 73 77
81 82
86 89 90 87 83
77 61 78 89 61
77
94 84 95 78
75
81
GO;
78
81
81 81
93
60
95
....!i ....
61*2 70*8 $5*'4 73*4 76*8 8 2-7 85*5 88-6 83-8182-8
00

1889.
1888.
1887.

S

1891.

C

1895.

C

1887.

E

dbopean otton onsumption to ept 1.— W e have
received to d a y (Friday) by cable Mr. Ellison’s figures broughs
down to Sept. 1. W e have also received the revised tota l’
for last year and give them for comparison. The spinnerst
takings in a c tu a l bales and pounds have been as follows:

|VbL. LXVII,

CO
1-

Oct. 1 to Sept. 1.
1896-97.
1897-98.
B a lts or 500 los. each, Qreal Conti­
Conti­
Great
000som itted .
B ritain nent. Total. B ritain nent. Tola
8 pioners* stock Oct.1.
31, 258 237
24 277, 301

Takings to Sept. 1__ 3,231, 4,552. 7,783 3,044 4,077. 7,121
Supply........................ 3,262, 4,808, 8 070 3,063 1,354 7,422
Consumpi’n,48 weeks 3,142 4,172, 7,31.4 2,932 4,032, 7,024,
Spinners’ stock Sep. l 120 636 756
76 322, 323
Weekly Consum ption
00s omitted.

00

According to the above, the average weight of the deliveries
in Great Britain is 507 pounds per bale this season, against
498 pounds duriug the same time last season. The Continents 1
deliveries average I8t pounds, against 178 pounds last year,
and for tue wnole of Eurooe the deliveries average 493'8
Taking the above figures for September in conjunction
pounds per bale against 483-5 pounds last season.
Our
dispatch also gives the full movement for this year and last with those for the previous month, we have the follow ing
comparison between this year and last year.
year in bates of 500 pounds.

1897.
1898.
June. July. A Uff, Sept. June. July. .4up.
86
93 94 91 H7 87 99
Virginia......................
North Carolina.......... 66 87 90 84 i Si 90 97
85
90
89 811
87 85
92
86
south Carolina...... . 89 90 91
80i 81
95
Georgia......................
83
87
90
76
73
80
Plorida........
............ 89 91 95 80 81 85 88
S3
Alabama....................
9 4 88 78 76 81 85
Mississippi,.............. 91
90 90 70 84
Louisiana................... 89
89
90
76 87 88 78
B9 92 91
Texas......................... 96
89
93
Irka-jsas................
8>
93
88
84
97 95 77
80 90
Tennessee..............
. 90 92
Missouri
...
________
87 90 94, 9 > 9=) 85
9
o' 92
Oklahoma.... __ 82]
98 90 72 H2 86
Indian Territory...... 80 89 94 98 85 93 94
Average.
... fiO.O 9 1 *2 91*2 79-8- 83-5 86-0 *6-9
S hipping N ew s .—As shown on a previous page,
Stales.

Sept.

90
95
84
80
86
80
81
78
70
77
77
81
93
95

In October ....__ 64,0 84,0 148,0 64,0 82,0 146,'
In November ...... 64,0 84,0 148,0 64,0 82,0 146,
78-3
In December......... 64,0 84,0 143,0 64,0 82,0 146,1’
In January........ . 66,0 88,0 154,0 64,0 85,0 149.0
th e
In February........... 66,0 88,0 154.0 64,0 85,0
9,0
In March................. 66,0 88,0 154,0 64,0 85,0 149,0 exports of cotton from the United States the past week have
In April................. 68,0 88,0 154,0 ”61,0 85,0 149.0 reached 32,816 bales. The shipments in detail, as made up
In May.............
66,0
154,0 •64,0 85,0 149,0
88.0
In Ju n e..... ...... 66,0 83,0 154,0 •64,0 85,0 149,9 from mail and telegraphic returns, are as follows; Total bales
In July.................... 86,0 88,0 155,0 64,0 8 \ 0 149,0 New York—T o Ltve.roool, per steamer Cnvic, 403............... ...... 408
To Manchester, per steamer Mozart, 18 Sea Island................
16
In August........ .
67,0 88,0 15 5«) *64,0 85.0 149.0
To Havre, per steamer La Champagne, 100............................. 100
* Average weeKiy consumption is as given oy M Emaon; ueaaouon
To
Bnmeu,
iter
steamer
Koenlgen
Luiso,
3,349...................
.
3,349
from mouth’s total balug made on account of holidays.
To Hamburg, per steamer Algoa 100....................................... 100
NoteBritain
.—Mr. Ellison
revisedfor
histhe
figures
consumption
for both
To Oporto, per steamer Voga, 200.............................................
209
Great
and thehas
Continent
periodofsince
Jan. 1, 1898.
The foregoing shows that the weekly ^consumption is now
155,000 bales of 500 pounds each, against 119,000 bales of like
weights at the corresponding time last year.
Tue total
spinners’ stocks in Great Britain and on the Continent have
decreased 217,000 bales during the mouth, and ar<- now 358,000
bales more man at the same date last season.

G

W

C

R

.—

overnment eekly otton eport M r.W . L. Moore,
Chief of the Weather Bureau of the Agricultural Depart­
ment, made public on Tuesday the following report on the
crop in the Southern States for the week ending Sept, 12:

be eastern
no material
the the
condition
of
theThere
cottonappears
crop intothe
sectionimprovement
of the cottoninbelt;
bolls are
opening
rapidly
and
picking
is
progressing,
but
complaints
are
still
general
of rust,
shedding
sprouting.except
Iu thein central
sec­
tion
reports
arerotting,
somewhat
moreand
favorable,
Mississippi,
where
the
crop
is
seriously
injured.
In
Texas
the
bulk
of
the
crop
is open and picking Is progressing under favorable conditions; the
staple
is clean,
though
and rust have destroyed
prospects
of lkepate
and injurious
top crop ininsects
many places.
J cte B utts , B a g g is q , & c,—There has been a fairly active
market for jute bagging during the past week, bnt quotations
are as last reported, v iz .: OJ'gC.jfor 1% lbs. and
for 2 lbs.,
standard grades.
Car load lots of standard brands are
quoted at 6}£c. for 1% lbs. and 6*£c. fo r 2 lbs., f. o. b., at
N ew York. The market for ja te butts has been quiet but
firmer. Quotations are nominally -80c. for pap«r quality
and lt-gC. fo r mixing,
N e w E n glan d C otton M i l l Sit u a t io n .— Most of the
mills at Fall R iver are operating in full, but the Border City
M ills are closed as a result of a strike of the weavers against
what is claimed to be a virtual reduction of wages.

T he A gricultural D epartment ' s R tport for S eptem
1,—The Agricultural Department’s report on cotton fo r
September 1 is given below :
The returns for cotton to tile Statistician of the Department of Agri­
culturewith
Indicate anonaverage
condition
of 79'8of on11-4September
1, as com­
pared
1, aondecline
pointswasduring
the
month. The91-2
averageAugust
condition
September
1, 1*97,
m-3; on
September
1,
1*96,
til-2, aud the mean of the September averages for
thefollows
last ter.: years
isCarolina,
79-4, The
declineSouth
duringCarolina,
August, byGeorgia,
States, was
as
North
11;
Alabama, 15;
Mississippi,
10;(3 points;
Louisiana,
It; Texas,IB;8 ; Arkansas,
4;
Tennessee,
2;
Oklahoma,
8 ; in Indian Territory there was a slight Im­
provement.
Complaints
of
excessive
rainfall,
resulting
in
shedding
and ofher unfavorable conditions, are general east of the Mississippi
River, while the boll worm and Mexican weevil have been very doBtruotive
In Texas.
The average
condition in flie different States is as follows: Vir­
ginia,
91:
North Carolina,
84 ; South78;Carolina,
8 1 ; 78;
Georgia,
ida,
73;
Alabama
BO; Mississippi.
Louisiana,
Texas.80;75;Flor­
Ar­
kansas.
80;
Tennessee,
95;
Missouri,
9 4 ; Oklahoma, 90; Indian Ter
ritory, 93,

To Genoa, per steamer Aller, 420................................................
To Naples, per steamer Alter, 100..............................................
New Orleans—To Hamburg—Sept. 12—steamer Bishopgate.
250..................................................................................................
To Antwerp- Sept 10—Steamer Portuguese Prince, 100...
To Genoa—Seiii. 10 -Steamer Harmonic. 3,044...... ..............
G alveston—To Liverpool -Sept. 8 -Steamer Navigator, 4,335
To Havre—Sept. 13—Steamer Benoroy, 7,046........................
To Bremen—Sept, 10—Steamer Easby Abbey. 4,100.......... .
To Hamburg -Sept. 12—Steamer Hibernia, 100 .......... ........
To Rotterdam—Seiit. 10—Steamer Anselma de Larrinaira,
1,312.......... ......................................................................................
To Copenhagen—Sept. 12—Steamer Pembridue, 1 817.........
Corpus Oukisti. &c,—To Mexico, per railroad, 103....................
Norfolk—1To Hamburg—Sept 10—Steamer Hillcrag, 750.......
To Bremen—Sept. 13-Steam er Corcovado, I-2J ........ .........
Boston—’To Liverpool—Sept. 8—Steamer Few England, 1,606
__ Sept. 10 - Steamer Michigan, 1........................................
To St. John, N. B —Sept. 12-St. Croix, 59...............................
Baltimore—To Liverpool—Sept. 7—Steamer Indore, 1,485___
Sept. 14—Steamer Ilibal, 693..................................................

Total

420
10O
250
100
3,044
4,335
7,046
4,100
lOO
1.312
1,750
103
750
820
1,607
59
2,180’

32,310

The particulars o f the foregoing shipments, arranged in
our usual form, are as follows.

Great French Or r- —Oth, fprooe—. Mexico,
etc. Japan . Total t
B rti’n. ports. fnany.
49 North. South.
_...
424 100 3,4250
720
_m •1,603
3,394
100 3,044

. 4,335 7,046
__
lor. C.. Ac
.. 2,180
1,607
........
8,546 7,146

___ 18,710
4,200 3,129
103
ITS ........
. . 1,570
1,570
____
59 ........ 1,66 6
........ ........ ........ ..................... 2,180
9.439 3,229 3,7d4 102 ........ 32,316

Cotton freights at N ew York the past week have been
as follows.

Salur. Mon.

ber

Liverpool............c.
Havre...................rBremen............... c.
Hamburg............ c.
Amsterdam.. . . . .e.
Koval, v. Harab.-c.
Do v.Brem’n.c.
Do v. HnU-.-O.
Rotterdam.......... c.
Genoa................. d.
Trieste.................d.
Antwerp............. d.
Ghent,v. An trw’p.d.

151
251
251
30*

151
>4
221
251
301

....
....

—
....

’e
6S2

hi
532

33*
301
30t
321

I Cents net per 100 lbB.

331
30!
30t
321

Tues, Wcdncs. Thurs.

Fri.

....
....

SO*
...
....

....
....

6S2

r,as ___

151
251
25 ♦
30)

—
....

331
301
301
321

%

151
H
251
251
301

331
301
301
321

15t
H
251
25

331
30t
301
321

151
251
251
301
331
301
801
321

T H E C H R O N IC LE,

S eptember 17, 1898.]

L

.

iverpool — By cable from Liverpool we have the follow
ing statement of the week’s sales, stocks, &c., at that port.

The tone of the Liverpool market for spots and futures
each day o f the week ending Sept. 19 and the daily closing
prices o f spot cotton have been as follows.

Spot.

Market, )
1:45 P. M. j
Mid. Upl’ds.
Sales............
Speo. & exp.

Futures.

Sat’day. Monday. Tuesday. Wedfday. Thursd'y Friday.
Fair
business
doing. Steady.
3932
3^32
8.000 12,000
500
500

Quiet.
39S3
8,000
500

m

Irreg.
1-<SI
de-at Steady
1-64
de­at
cline.
cline.
Barely Irregular.
steady.

The prices o f futures at Liverpool for each day are given
below. Prices are on the basis o f Uplands, L ow M iddling
clause, unless otherwise stated.

The prices are given in pence and Qiths. Thus: 3 63 means

3 63-64ii., and 4 01 means 4 l-64d.
IVIon.

T oes.

lower prices exporters have been fairly large buyers. To-day
the market was quiet but steady. The spot market was
steady and exporters were fairly large buyers, their pur­
chases here and at outports amounting to 800,000 bushels.

Sat. Mon. Tues. Wed.
Fri.
Good
Fair September .delivery__ o. 34ia 3414 34 % 333* Thurs.
3334 33%
Easier. business
business
3434
December
delivery__
o.
34 %
35
3438
34
%
3414
doing. doing. May delivery................0.
36
35% 35%
3*4
37;;2
3732
Oats for future delivery have been neglected in the local
10,000 12.000 10,000 market. A t the West trading h as been quiet. Immediately
500
500
500 following our last report prices declined in sympathy with

Steady ai Quiet. l-d4<$
Quiet at-*U
Market, /
1:45 . . ( Qniet. partially
decline.
1-64 adv.
Barely
Market, ( Quiet. 3teady. Firm. steady.
4. P. M. J
p

ing % c. to lj^c. low er for 1the day. The spot market was
fairly active. The sales for export here and at outports
were 320,0C0 bushels.

D A IL Y CLOSING PRICES OP NO. 2 RED W IN T E R W H EAT.
Sept. 9. Sept. 16.
Mon. Tues. Wed. Thurs. Fri,
Sat. 68ia
47.000 ! 9,000 64.000 September delivery. ...0. 68
69% 69% 7218 70%
1,100
2,200
1,800 December delivery......c. 6318 66%
667s 66% 68% 67%
300
1,300
1,800 May delivery............ ...c. 675q 67
6838 6914 68%
42.000 53.000 59.000 Indian corn futures have received 68^8
only a limited amount of
3,000
3,000
5,000
40.000 50.000 54.000 attention, and despite the upward turn to values for wheat
790.000 750.000 707.000
tendency of prices has been steadily downward, due to in­
710.000 672.000 629.000 the
19.000 12.000 16.000 creased pressure to sell prompted by more favorable weather
15.000 10,000 10,000 conditions in the corn belt for a large yield from the g ro w ­
34.000 52.000 4 9,000
crop. Saturday prices showed a decline o f % c. and they
30.000 45.000 46,000 ing
have been gradually sagging throughout the week. A t the

Aug. 28. Sept. 2.

Sales of the week.......... bales. 32,000
800
Of which exporters took...
Of which speculators took. 30.000
5,000
Aetna export........................... 41.000
Forwarded................................. 814.000
Total stock—Estimated.......... 733.000
Of which American—E3tm’d 16.000
Total import of the week....... 12.00C
Of which American..............
Amount afloat........................... 31.000
Of which American.............. 24.000

599

W ed . T ltu rs .

F rt.

S a t.
Sept.
1:45 4 1:45 4 1:45 4 1:45 4 1:45 4
Sept.1016.to 1 2 ^
P.M. P .V P.M. P. M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d. 3d.11 3d.11 3d.12 3d.11 3d.12 3d.10 3d.09 3d.08 3d.08 3d.08 3d07

3 10
3 08 3 08 3 08 3 09 3 09 3 10 3 08 3 08 3 06 3 06 3 oe 3 05
3 07 3 07 3 07 3 08 3 08 3 08 3 06 3 06 3 01 3 04 3 04 3 04
3 06 3 0613 06 3 07 3 07 3 07 3 05 3 05 3 03 3 03 3 03 3 03
3 06 3 0^ 3 06 3 07 3 07 3 07 3 05 3 05 3 03 3 o:- 3 03 3 03
3 06 3 06 3 06 3 07 3 07 3 07 3 05 3 05 3 03 3 03 3 03 3 03
3 07 3 07 3 07 3 08 3 08 3 08 3 06 3 06 3 04 3 04 3 04 33 03
3 06 3 05 3 05 3 05 04
3 08 3 08 3 03 3 08 3 08 r o:- 33 07
3 09 3 09 3 09.3 09 3 09 3 1C 08 3 07 3 06 3 Ob 3 06 3 05
3 09 3 09 3 09 3 11 3 10 3 11 3 09 3 08 3 07 3 07 3 07 3 06
Jnne-July .. 3 1< 3 10 3 10 3 11.3 11 3 11 3 10 3 09 3 08 3 07 3 07 3 07
July-Ang...
....
Septem ber..
Sept.-Oot___
Oct.- N ov___
Nov-.Deo. ..
D eo.-Jan___
Jan .-F eb ___
Feb.-M arch.
M ch.-April..
April-May..
M ay-J o n e...

BREADSTUFFS.

D A IL Y CLOSING PRICES OF NO. 2 M IXED CORN.

the weakness of other grains. Subsequently, however, owing
to an active export demand, largely from the Continent, to­
gether with only a moderate movement of the crop and sym­
pathy with the advance in wheat, the market turned stronger
and the loss was more than recovered. To day the market
was quiet and unchanged. Exporters were fair buyers in the
spot market, taking 210,000 bushels.

Sat.

Mon. Tues. Wed. Norn.
Than. Nom.
Fri.

D A IL Y CLOSING PRICES OF NO. 2 M IXED OATS.

September delivery....o. 24% 25% Norn. Nom.

Rye has been in fairly active demand from exporters and
higher. Barley has had a fairly large sale and at firm prices.
The following are closing quotations:
FLO UR.

Fine ........................$2 15
225 Patent, winter___ $3 45 0 4 00
Superfine.................. 2 25 3 2 55 City mills, extras . 4 50 3 4 75
Extra, No. 2 ........... 2 50
32 65 Rye flour, superfine 2 50 0 3 CO
Extra, No. 1 ......... 2 60
32 80 Buckwheat flour......................
Ulears................... 3 00
3 3 50 Corn meal—
Straights................... 3 25 34 00 Western, eto......... 2 05 0 2 10
Patent, Spring........ 3 60 3 4 70
Brandywine___
2 10
[Wheat flour In saoks sells at irloes below those lor barrels.)
GP A IN .
Wheat—
e.
o.
Corn, per bush—
o.
0.
Hard Dnlnth, No. 1. noml.
Western m ixed........3 3 336%
Red Winter, No. 2.. 71%a> 73
No. 2 mixed.................33 336%
Hard Man., No. 1.. noml.
Western Yellow..........34%336
Northern, No. 1 ... 73 (b 75
White............34%336%
26 R Western
Oats—Mix’d, perbsh. 23
y eW hite...................... 24 -a 36
Western,
per bush__ 48 353
No. 2 mixed............ 24 !a ® 26
State and Jersey........47 352
29 Barley—W
No. 2 white.......... 28
estern..........45 351
F eed in g .....................33 334%
A gricultural D epartm ent ’s S eptem ber R epo rt .— The

F r id a y , Sept. 16, 1898.
A moderate volume o f business has been transacted in the report of the Department o f Agriculture for September 1
market for wheat flour. Owing to a hardening tendency to respecting cereal crops was issned September 10, as follows :
The decline in the average condition of oorn during August was 2-9
values for grain, particularly for immediate deliveries, the
points, and the condition on the 1st Inst, was 4-8 points higher than
home trade buyers have shown more o f a disposition to an­ on September 1, 1-97, 6 9 points lower than on September 1,1896, and
ol one point higher than the mean of the September
ticipate their wants at the low prices recently ruling and eighteenths
averages of the last ten years. There was a marked decline during
they have been better buyers. Exporters also have given in­ August In several of the principal corn-producing Stites. the decline
creased attention to the market. Daring the latter part of amounting to 10 points in lowa. 9 points in Kansas and 23 points in
Nebraska.' On the other band, 21 States, with an average annual pro­
the week, reflecting the advance in the grain together with duction ot nearly one thousand million bushels, show a more or less
the improved demand, higher prices were asked and paid. improved oondiliou as compared with August 1. There was an im­
Rye flour has had a moderate sale and prices nave advanced provement of 3 points in Ohio, 9 In Indiana, 8 in Illinois and 3 in Mis­
slightly. Corn meal has been in moderate demand from both souri.
The condition of wheat—86-7--is 1 point higher than on September
the home trade and exporters; prices have been unchanged 1.1897. 12-1 points higher than on September 1, 1896,aud 5-1 points
above the mean of tile September averages of the last ten years. In
and steady.
witii its practice, the Department has not jet made any
Speculation in wheat for future delivery has been fairly accordance
quantitative cs-.imate of the wlie.t crop and will not do so until it
active and for the week prices show a moderate advance. completes its revision of the wheat acreage, which will show some
There has been considerable buying by shorts to cover con­ inorease over the preliminary figures.
The average condition of oats was 790, against 84-6 on September
tracts, stimulated by the continued high premiums being
1.1897, 74-0 on September 1,1896, and a September average of the
paid for cash supplies, the continned small visible supply de­ last
ten years of 80 -8 .
spite the free movement of the crop and an active export
The average condition of barley was 79 2, as compared with 86'4,
demand. Early in the week, however, there was an easier on September 1, 1897, 83*1 on September 1,1896, and a September
or the last ten years of 84 8.
turn to values, prices on Saturday showing a loss of J^@lc. average
The average condition of rye was (-9-4, against 901 on September 1,
under moderately free offerings, stimulated by a large 1897, 82 0 ou September 1, 1896, and 87’8, the September average of
movement of the crop in the Northwest. Monday there the last ten years.
The average condition of buckwheat was 83-8, as compared with
developed a steadier tone. The comparatively small visible
95*1 on September 1,1897, 93*2 ou September 1,1896, and 87-7, the
supply together with a falling off in the crop movement and Sepi ember average of the last ten years.
a good export demand, were the principal strengthening
The average condition of Irish potatoes was 77‘7. This shows a
features, and prices advanced
J<s@Kc- Tuesday the decline of 6-2 points during August, but the condition is still 11
points
above that on September 1, 1897, and only seven-tenths of
market
was
again
higher.
The
crop
movement one point
below the mean of the September averages of the last ten
in the Northwest was large, but this was more than offset by years.
Nearly all the important tobacco-growing States report from 89 to
an unusually active call for export, which stimulated a de­
per cent of a full normal crop.
mand from shorts to cover contracts and prices for the day 98The
rice crop promises to be muoh above the average, Louisiana
showed an advance of J^c. to ljjjc. Wednesday the market leading off with a c mdltion of 101.
Olover seed reports Indicate a reduced aoreage and in the main an
showed a slightly easier tone, reflecting weaker advices from
the United Kingdom. The close, however, was steady, with unfavorable condition.
Tlie sugar cane reports arc exceedingly high, that of Louisiana in
prices unchanged to %a. lower for the day. Thursday there particular being 2 per cent above a full normal crop.
was a fairly active market and prices advanced rather
There bss been a f nrtber decline during the month in the condition
sharply on shorts becoming somewhat nervous over the of the apple crop, only four States in the Union report ng the slightest
during August.
situation, due to the continued active export demand. They improvement
Taking the country aB a whole, there is probably about two-thirds
bought rather freely to cover contracts and prices for the day of a fullpeaoh orop.
The number of hogs for fattening shows a decrease of 6'5 per cent
advanced %c. to 2s£c. To-day the market was moderately
from that of last year. As regards condition, the reports are in the
active, but the tone was easier. The short interest had been main
very favorable, the general average being 961, as compared
largely eliminated and under expected larger receipts in the with 83-5 on September 1,1897; 94-5 on September 1, 1896, and 91-3,
Northwest and realizing sales by longs prices declined, clos­ the mean of the September averages of the last ten years. .

THE CHRONICLE.

600

The condition o f the various crops on September 1 for a
series of years is as follows :

September 1

1398. 1897.
Corn................ .... 81*1 79*3 I89«.
81*0
\\ heat..........
$5*7 74 0
IU V.................
901 82*0
Oat#................
81*6
O
Barley............ .... 79*2 8G*4 74
Potatoes ..... .... 77*7 0*1 7 93*1
32
Cotton.......... .... 79*8 78*3 c64*2
Tobacco.......... ....
7ft *5 81 *5
Buckwheat... .. .. 88*8 95*1 93-2

rIn store
. at—

Ph iladelph ia........
P e o r i a ............... ...

[VOL. LXVII.
Wheat,
hush.
107.0-m

C o rn ,
bush.

1895. 1894. 1893. 1391, Indianapolis............ 450.000
90*4 03 4 7C-7 79*6 Kan&aa c i t y ............... 621 00004 r.oou
75*1
71*0 85*3 Baltimore..................
........... L,034,000
93*7 90*9 82*0 88*5 Minneapolis
On
Mississippi
River.
.... ..
78
9
80*0
74*9
On L a k e s ................
2.183000
87*0 77*8
71*5 83*3 87*4
On canal and riv er, ..
26,000
74*8
90*8 02 4 71*8
76*3 TT oo ta
l Sept, 10,1898. 8,107.000
70*8 b5*9 73*4 79*9
ta l 8«pt. 3, 1HV8 . 7,147,100
82*0 74*5 72*3
l S ept.tl. 1897.15,70 \000
87-5 69 2 77*5 8S-0 TT oo ta
ta l Sept. 12, 1806.47.602,000

The movement o f breadstuff's to m arket as indicated in the
statements below is prepared by us from the figures col­
lected by the Xew York Produoe Exohange. The reoeipts at
Western la te and river ports for the week ending Sept. 10, and
since Aug, 1, fo r each of the last three years, have been as
follows-

430, ,u0
320,000
07,000
60,000
1,070.000
040,000

i.ot’O

T o ta l Sept.1». 1895 38.093,000

1.317.000
1.066.000
17.300,000
16.854,000
33,604.000
IP .007,000

4.934,000

O a ts ,
bush.

Jtfe*.
b iu h ,

bush.

189.000
15,000
7,000
193.090
1S3.000

2,(00

22,000

34,000
125.900
36.000

28,000

1,310,000

121,000

140,000

4,277,000
4.230.000
9,701.000
8,078,000
2.841.000

59'i.OOO
658.600
2.3*9.000
1,7 77.000
583.060

1,152.00(1
480,000

1 lO.Oue

J 38.000

THE DRY GOODS TRADE.

N ew Y ork , F r id a y , P. M., Sept. 10, 1898.
There has been an increase in the volume of business doing
this week, cooler weather here and elsewhere exercising a
stimulating influence over the general demand. The attend­
ance o f buyers has been good and mail orders liberal ia num­
Du.56
but there has not been any change in the character of
Chicago...,.
67,994 1121,54? 2,631,690 3,351,100 640,100 109,960 ber,
That is, the orders for all descriptions of merchan­
42, 00 288,250 95,550 271,000 304,000 38.401 buying.
Milwaukee
dise continue conservative. Positive requirements are, how ­
Duluth......
70,830 3,045,13*
48,378
19,441
02,109 47,606
widespread and large enough in the aggregate to insure
MfcuenpolLs.
L?47,670 59,400 415,300 41,280 83,£8Q ever,
constant movement of a considerable volume of mer­
*12,607 306,419 61.911
4,978 the
chandise. Business conditions are satisfactory except iu
153.627 40,810 45,927
9,883
the primary market.
Jobbers and other second-hand
Cleveland...
52,778 174,832 179,920
Si. Louis . ..
Sfl.est 481,405 222,845 243,625
75( 11,650 distributers have so far had a year of large results
Peoria.........
7,500 358,800 211,550
18,550 3,000 with prospects of a better sustained business for the balance
ft,800
928,000 36.500
of the year than usual, and are not troubled bystockson hand.
Kansas City
35,000
Tot-wk.*©8. 128,471 7.240,513 4,(25.233 4.834.074 1,076,677 749,364 Their policy has been to keep but little more than abreast
Same wk.’»7. 345,185 6,780,377 8,690,848 4,431,787 601,865 333,734 of their needs, and it is the steady adherence to this policy
Same wk.’UO. 297,014 6.821,669 3,071,938 4,338,878 427,236 210,441 which has been, and is still, troubling first hand sellers, for
it leaves to the primary market the trouble and expense of
1.
JSSS....... .. 3,821,013 28,963,337 24,262,083 24,204,565 2,301,238 1,358,516 carrying surplus stocks, and that means some difficulty in
1897............. 1,682,587 34,117.981 44,042,720 3L,199,076 2,337,359 2,221,815 maintaining values. This week the market has shown no
1898............. 1,762,744 29,217,223 22.810.38i 23,449,168 1,768,220 1,032,909 material change in prices of cotton goods, but the tendency is
in favor of buyers. Woolens have again ruled dull, with a
The reoeipts o f flour and grain at the seaboard ports fo r th e
break of 5c. per yard in a leading line o f clay worsteds,
week ended Sept. 10, 1898, follow :
D omestic C otton G oods .—T he exoor's o f cotton good*
—___
from this port fo r the week ending September 12 were ft,558New
York__
124.800
1,066.350
1.093,060
39,*300 894,260
650 59,054 packages, valued at .$217,395, their destination being to the
Boston.................
4.677 I /1
214,073
28-5.785
477,436
133.550
251,564 37
106,802 points specified in the tables below :
Montreal.............

Receipts at— Flour. Wheat. Corn. Oats. Baricy.
Bbls.190lbs Ruth,ft0lbs Bush.bdlba BiuhJtSUba BushASlht

ys.
lbs

883
9.800

Since Aug.

Receipts at

Flour.
bbls. Wheat,
bush.

Corn,
bush.

Oats,
bush.

Barley,
Rye,
bush. bush.

56.329 11C.491 347,764 82.961 2,400
Philadelphia..........
247.194
87,659
126,732
Baltimore............
6.600 862.538
39.H78 39,746
Richmond...........
9S6
261.525
New
Orleans*.....
42*,650
39,845
286
W.0L0
257,284
Newport News....
4*9,030
1,100
2,734,845
3,819,871
Total
week....
1,82
*.431 -6.310
Week 1897............ .. 308.850 3.577,033 6,584,661 2,303.075
18l,dSg
31,176 418.374
■
Raceiots
do
not
Include
grain
pawing
through
New
Orleans
for foreign
orts on through bills of lading
Total receipts afc ports from J an, 1 to Sapt. 10 compare as
follow s for four years:

Receipts of—
Flour.................
Wheat...............
Corn..................
Oats... .............
Bye... ............
Total nrratn..

1893.
1897.
1890.
6,115,432
. 13,240,524 17.825.26*
51.361.718 40.305.186
76,(00.55-7 134.411,207
** . 147.750,253
00,715,183
66,630,991
40.565.043
•i 0?,2fi8,99:t
3,110,927
7,261.903
4,959.376
6,990,860
IP,262,043
2.678.580
304,112,713 260,868,730 155,211,217

1895.
11,030,071
25.103,358
31.645,807
27.578.230
1,495,816
318,943
86,142,105

The exports from the several seaboard ports for :he week
endiEg Sept, 10, 189?, are shown in the annexed statement:

N ew Y ork to Sept. 12.

1898.

1897.

Week. Since Jan. 1. Week. Since Jan. 1

42
2,386
Great Britain.........................
Other European.....................
13
8 .0
China................... .................... 3,339 121,894
55
India........................................
9,787
26,074
Arabia......... .......... . ............... 1,456
Africa....................................... 427
9,385
West Indies............................. 163 10.401
5
3,069
Mexico....................................
33
5,201
Central America....................
South America...................... 673 37,092
Other Countries.................... 102 13,282
Total.................................. 6,55$ 239,381
China, via Vancouver*'.... .........
17,838
Total................................. 6,568 257,217
From New England mill points dlreot.

64
3,5X6
14
2,520
653
98,227
1,134
7,42L
915
17,872
350 14,485
240 10.250
32
2,440
55
6,006
246 33,915
219
3,608
3,928 203,260
1,400 15,966
5,328 . 216,226

The value of the New York exports for the year to da e
has been $8,355,072 in 1393 against $7,800,130 in 1897.
Sellers are easy to deal with in most lines of heavy brown
sheetings and drills, but prices are not quotably lower. The
demand for light-weights has fallen away and the tone is
04.000 270.196
27,163 5,520 38,571
Philadelphia..
easier. Ducks occasionally 10 par cent lower, Osuaburgs
428.950 37,390
k13.771
Baltimore......
New
Orleans..
214
204
1,62*2
103
*269,884
dull and weak. Medium and fine grade bleached cottons in
Norfolk.........
217.2-4
286
more general request, but orders still light, prices irregular,
Newp'rt
Nows 212,016
*5,000 732,037
12.103
23.509
173.228
Montreal.......
20,351
low grades steady, but demand indifferent. Wide sheetings
5,907 ..........
Galveston — 197,800
and irregular. Cotton flannels and blankets are quiet,
249,891 3**5.036 330.- 33 30.176 10,006 quiet
Total*
week..
L°*v.993
3.2
0,581
but prices are w ell maintained. Denims weak and occasion­
Same time *97,3,109.486 4,163,278 217,8*0 1,685, 04 £49,<M8 0,982 60,800 ally
L{c.
lower, with poor demand. Other coarse, colored
The destination of these exports for the week and since
cottons dull and barely steady. W hite goods in fair request
September 1, 1398, is as below.
spring. Kid-finished cambrics inactive and barely steady.
----. ----------Ciirn.-------- for
--------* -------,-------Fancy calicoes steady for best makes, but- others weak and
Sept
1, 1898.
t . *0.
SepL
p t. 10.
1, l»r. S e pflUSh,
1, 1898. irregular. More staple lines in average demand at previous
1 su S e172.248
Staple and dark dress ginghams steady, with mod­
343.612
2,153.4 3 1,624.635 3. LI 1,766 prices.
845,483
Halted
Kingdom
10.985
2,251,8 lf» 1,673,827
80.519 1,097,615
2,460.605 erate sales.
Continent..-..,.
Fine ginghams for spring d oin g'w ell. Prin t
51,707
2,850
2.636
8. C, America* 22,838
rrf-r*15.2U
33,591
4-.8J7
24, M2 cloths have been inactive all week and closed unchanged at
8,t' 40
16,600
Br. N. Acountries..
rn. Colo’*. 4,333
2h.2oO 2 l-16c, for extras, but barely steady.
003
191
12.525
82.712
125,58b
vXher
W oolen G oods . — There has been more business doing in
501,480 1.942,998
4,467.951 3.226.684 5,743,075
.. 217.890
249.691
499,409 8.169.486 8.824,480 4.46V278 8.683,171 olay worsteds than for some time past as the result o f ti
The visible supply of grain, comprising the stocks in Washington Mills reducing their prices 5c. per yard to the
granary at the principal points o f accumulation at lake and basis of $1 15 lor Hi-ounce goods and giviug sellers protection
for the balance of the year. Bsyond this there has been no
seaboard ports, Sept. 10, 1898, was as follows:
new feature in the market for men’s-wear wo olen and wors­
fn
at—
hush.
fabrics. The demand for light-weights for spring has
IK*.000 1,4268.000
4*•.000 243,000
4--,000
Now York.............. .
O.OOt ted
been slow and is still for little better than sample pieces and
Do afloat... •
20,000 Ts.ooo
the outlook is decidedly unsatisfactory.
Prices show
34,000
.. 192,000 1,096.000 676,000
74,OCX no
Buffalo.................
quotable change beyond that already nottd, but
Do
afloat......
50,000 the tendency is in favor of buyers. Satinets and
Chicago...
............. ♦ . 504,066 7,224,000 071,000 lOY.OOO
I>o afloat...,.,
and featureless. Overcoatings show
1,000
2,000
18.00C doeskin jeans dull
Milwaukee..
.
............
76.000
Do afloat...................
me demand for Kerseys, but are otherwise slow. Cloak­
’ 60,000 ‘ a 1*666 *78.667 sings
Duluth.......................
1,687,000
inactive throughout. Dress goods for fall irregular,
DO afloat.........................
000 23?,0t0 22,006
391,000
Toledo....
.. .
with moderate demand, and little doing for spring. Flannels
afloat.
19,0(0 *23,666
‘ 0^6
8,000 and blankets dull but prices are steady.
Detroit.............
Do afloat.
oreign ry oods Importers are opening np
O sw eg o......................................
8,000
‘jfd.OOO
8t L o u is ....................
181,000
spring lines of dress goods but buyers are slow in placing
Do
afloat.......
.
o
r
d
e
r s and price situation uncertain, Silks for spring show
’ 78,000
ai.666
Cincinnati................................
1,000
Boston...... ..............
13,000
tendency in prices. Business on fall account has
3.CW upward
7,000
T o ro n to .....................
12.000
11,000
376,000
M o n tr e a l.................
28,000
0,090 been irregular and made np of quite small orders.

Rye, bush.
Otis,
Peis, Barley,
Com Fioitr,
bush.
Exports
from. -Wheat,
bush. bath.
b u h. 91^.396
bush.
bbls. 149.675
100.311
New
York—
100.519
787,874
73,732 9,t2* 16,666
53,284
17,435
Boston...........
389,281
188,743
Portland.. - ..

OW. Sept. WeekWheat.—
Export*
force Week FIdince
Sines . Week10. Since Sent.
%oc<k
a
wl
bbls.
bush. bush.
Sept. to— bbls.
&

e

store

Do

Wheat,
bush.

ho,

Corn,
bush.

Oats
bush.

Rye.
bush.

Barley.

F

D

G

.—

new

-c

T H E C H R O N IC L E

S eptember 17, 1398.]

601

were below several bidders on the $63,700 lot. For descrip­
tion of bonds see hronicle of August 20, 1898, p 386.
Arkansas City, K a n .—B ond O ffering.— Mayor J W , Sparks
TERMS O f SUBSCRIPTION.
has issued notice that he w ill sell on September 19,1898, $95,000 of bonds for the purpose of purchasing the Arkansas City
The nvestors upplement w ill be furnished w ith o u t Water-Works. Securities w ill he in denominations of not
ex tra charge to every annual subscriber of the ommercial less than $10 and not more than $200, Interest, not to exceed
a n d inancial hronicle
67, w ill be payable semi annually at the fiscal agency of the
The tate and ity upplement
State of Kansas in the city o f N ew York. Principal w ill
mature in 20 years or less. Bonds are issued pursuant to
w ith o u t e x tra charge
hronicle
Ordinance N o. 475, passed in Council August 23, 1898.
The treet
ailway upplement
Atchison, Kan.— B ond S ale. —The city recently sold $3,490
nished w ith ou t ex tra charge
67 1-10 year street-improvement bonds at par to "the contrac­
hronicle
tors for the work according to their agreement with the city.
The uotation upplement
Athens, Ga.— Bonds P roposed.— The citizens of this city
f
w ith o u t ex tra charge
are discussing the question of issuing about $5),000 street­
hronicle
paving bonds.
TERMS for the
hronicle with the four Supplements Atlanta, Ga.— B on d E lection . —As stated the hronicle
above named are Ten Dollars per year within the United of May 7, 1898, an election w ill be held on October 5, 1893, to
States and T w dve Dollars in Europe, which in
cases vote on the question of issuing 8200,000 water-works bonds.
includes iostage.
_________
I f authorized, bonds w ill bear 47 interest, payable semi an­
nually, and the principal will mature within 30 years from date
Term s o f A d v e rtis in g —(P e r inch space.)
of issue. Both principal and interest will be payable in gold.
Transient matter (eaeli tlme)$3 50 | Three Months (13 tim es). .$25 00
Attleborough, Mass.— Bond S ale. —On September 13, 1898,
standing business cabds .
Six months
(26tim e3).. 43 00 $13,000
47 gold water supply bonds were awarded to the First
Two months (8 times).......... 18 00 I Twelve Months (52 times). 58 00
National Bank of Attleborough at 114. Following are the bids:

S tate

I

F

S
S

C
Q
lrnished
C

and

’S
C
C
.
C S
will also be furnished
to every subscriber of the C
.
R
S
will likewise be fur­
to every subscriber of the
.
S
, issued monthly, will also be
to every subscriber of the
.
C
both

Chicago, 111.— New C ity C h arter. — A t a meeting of the
City Council held September 12, 1893, a resolutioi was
adopted providing for a commission of nine members to pre­
pare a new form of government for the city of Chicago.
Res Moines, Io n a .— Proposed Purchase o f W a ter W orks
D efeated.— On September 5, 1898, the voters o f this place de­
feated the proposition to purchase the plant of the Des
Moines W ater-W orks Company for $859,001. The vote was
3,760 for to 3.929 against.
Duluth, Minn.— Bond L itig ition — W e take the follow ing
dispatch dated Duluth, September 7, 1898, from the St. Paul
“ Pioneer Press:’’

Jude*? Knslzii lias decided in fa v o r o f the bond Injunction ease o ' H arry T.
M oore against the cltv. This decisi jd does not finally settle the case, however.
T h e case came uo'on a dem urrer by the petitioner to the answer o f the city on
the er und that It does not constitute a defense. Judge Ensign overrates the
dem m rer. liGlritxg that the answer sets u:> a good defense, but there are s *me
issues o f fa ct In the case that could not be beard on an argum ent o f a de­
m urrer T n e suit was brought to have th e city enjoined from issuing $300,000
in bonds fo r Lhe purpose o f ex ten d in g the w ater pla .t recen tly purchased.

Tnese bonds were authorized at a special election held in
1895, hut were not issued at the time.
New Turk C ity.—B on d S u its —On S-ptember 15, 1893,
Justice Gildersleeve, in the Supreme Court, denied the
application made by Verm ilve & Co. for a w rit of cer­
tiorari directing the Comptroller to review his action in de­
clining to accept their bid o f 1 5 03 fo r the $12,638,992 36
8Jf* gold bonds and awarding the bonds to the Produce Ex­
change Trnst Co. at 10-1 94. Previous to the institution of
the various suits growing out of the award of the bonds to
the Produce Exchange Trust Co. the latter had deposited
$8,000,COO on account. The Comptroller after the decision of
Friday last called upon the company to pay the balance, and
w e are informed by Mr. Coler that the final payment was
made before the close of business yesterday.
On September 13, 1898, Justice Beekman denied an appli­
cation of The Lacnbrecht Bros. Co., Cleveland, for a mandamns directing the City Comptroller to issue to them $15,009 corporate stock of the city of N ew York in place of a like
amount of College P jin t bonds awarded to them December
29. 1897, prior to the annexation of that village to the city
of New York.
Oregon.— p e d a l Session o f L egislatu re. —A special session
of the State Legislature has been called to meet September
26, 1898, when appropriations w ill probably be made to meet
the payment of tne outstanding warrants which on Septem­
ber 1, 1898, amounted to $653,000. Funds are in hand for
this purpose, but cannot be usel until authorized.

8md

C

C ity D e p a r t m e n t .

“ copo^als and N e g o t i a t i o n s this

week have been as follows:

Sale.

Aberdeen, S. Oak.— B ond
—On September 12, 1-98,
the $23,000 -57 refunding bonds were awarded to N. W . Har­
ris & Co . Chicago, at 103-109. Bonds mature October 1,1918,
subject to call $1,000 eaco year commencing October 1, 1393.
For farther description of bonds see hronicle August
1893, p, 412.
Aiken, S. C.— Bonds V oted. —A t an election held on Sept­
ember 1, 1893, the proposition to issue $10,000 sewer bonds
was carried by a vote of
to 5
Akron, Ohio.— B on d S ale. —On September 10, 1898,
57 coupon bonds of this city were awarded to R. L. Day &
Co., Boston, at 104-067. Proposals were asked for $34,101 of
bonds, but at the last moment the Board of City Commis­
sioners decided to issue only $33,700. The bids received for
this amount were as follows:

C

93

27,

$63,700

K. L . Day .% Co.. B oston ...........$66,291 I Lam prech t Bros. Co.. CJeve .. $65,935
A da m - A Co., B »9 tm ............... 66.U31 i Briggs. SrnitQ A Co., Cincinnati. 65,150
Denison. P rior A Co., C leveland 66.133 ! Seasongoud A Mayer, C m cin___ 65,368

The following bids were received by mail on

the $84,10) lot:

W . J. H atch
Clcvcljin-I
i 8. A . Koan, Chicago...........
1811,72s
B lodgel, M a rrlH A C o ., B >ston . 87.6311 sew First N a t. Bank, Columbus. 8i.<12

the

Mr. Isbell, the City Clerk, says that considering
fact
that the average time for the entire issue, $84,100, was three
years and six months, while the $ 3,700 lot averaged bat
three years and two months, the bidders on the entire issue

in

F rst National Bank o f A t tle ­
borough................................... H I *00
K. H . Rollins & Sons. Boston ...113*81
Adam s & Co.. Boston ............... 118* L7
Parkinson & Burr, B oston ....... 113*315
Blake Bros. & Co.. B oston ........ 112*27
W . Holman Carv. B o sto n ......... 112*637
Jose, Parker & Co.. B o s t o n ...... 112*17

C

C. W . W ilbur, B o sto n ................ 110*79
W . J. H ayes & Sons, Cleveland. 110*70
Estabrook & Co., Boston ....... 111*761
R. L. Day & Co., Boston .. — 111*762
Blodget. M erritt & Co.. B oston .112*31
N. W . H arris A Co.. N *w Y o rk .112*673
H en ry S. Dorr. Boston . ...... 111*23
T h ird N ational Bank o f Boston.Ii0*72

Bonds are dated July 1, 1893; interest w ill be payable semi­
annually at the Boston Safe Deposit & Trust Co. Principal
w ill mature July 1, 1928.
Bath. Me.—Rids.—The N ew York “ News Bureau” yester­
day had a dispatch stating that the follow ing bids were re­
ceived on September 1 >, 1898. for the city of Bath 47 20-year
new refunding bonds, amounting to $133,650; Parkinson &
Burr, 104 04 ; Adams & Co., 10618 ; E. H. Rollins & Son,
104 8377; Blod ret, M erritt & Co., 103-07 N o award was made.
Bay City, Mich.— B m i O ffering. — Proposals w ill be re­
ceived until 3 P. M. (city tim e) September 19, 1898, by Geo.
F. Ambrose, City Comptroller, fo r $18,000 47 water works
refn iding bonds. Securities w ill be in denomination of
$1,000, dated October 15,1898; interest w ill be payable an
nually at the National Bank of Commerce, N ew York City.
Principal w ill mature Oct. 15, 1928. The city guarantees that
bonds are legally issued under authority o f the State Legis­
lature. Each bid mus1 be accompanied by' an unconditional
certified N ew Y ork draft for $500, made payable to the City
Comptroller.
Bayonne, N. — B on d S ale. —The city has sold $50,000 47
6-year street-improvement bonds to the Hudson County N a­
tional Bank, Jersey City, at par.
Beaumont, Texas.—B on ds A p p ro ved a n d R egistered. —On
September 6, 1898, the A tt orney-General approve i and the
Comptroller registered the $15,000 57 street paving and water­
works bonds which were sold on Jaly 28 last to N . W . Harris
& Co., Chicago, at 101-383.
Beaverhead County, Mont.—-Bond S ale. —On September 5,
1898, the $21,000 57 10-20-year (optional) refunding county
bonds were awarded as follows : $13,500 to N W . Harris &
Co. at 103-675, $1,500 to C. H. W hite & Co., N ew York, at
105 and $5,000 to local investors at 104 625.
— T em porary Loan A u th o riz e d —The Mayor
and Chairman of the Finance Committee have been author­
ized to horrow $500 for 90 days to meet current expenses.
Binghamton, N. Y .—L oan A u th o rized .—The Mayor and
Clerk nave been authorized to borrow from the Binghamton
Savings Bank $1,230 50, and to issue the notes of the city in
payment thereof as follows : Note for $615 28, dated Septem­
ber 1, 1893, due September 10,1899, and note for same amount
under same date due September 10,1900. Notes to bear 57
interest, payable annually, and are issued to meet deferred
assessments on account of the construction of the Vestal
Avenue and Genesee Street sewer.
B lakely (B orou gh ), Pa.— Bond O ffering. — Proposals w ill
be received until 7 P. M. September 26, 1898, by T. E W il­
liams, Borough Secretary (P. O. Box 134, Olyphant, Pa.), for
$15,000 57 coupon electric light bonds. Securities w ill be in
denomination of $590, dated October 1, 1898 ; interest w ill be
payable April 1 and October 1 at the First National Bank of
Scranton. Bonds N 03. 1 to 15. inclusive, w ill be redeemable
October 1, 1993, and bonds Nos. 16 to 30, inclusive, w ill be
redeemable October 1, 1908. Bonds are duly authorized by
Acts of Legislature and borough ordinances, and are free
from all tax. According to the offi :ial circu’ar the borough
has never defaulted in payment, and the legality of this issue
has not been questioned. Each bid must be accompanied by
a certified check for $209, payable to the Borough Secretary.
The assessed valuation of the borough is $429,622 Total
bonded debt, including this issue, w ill be$l6,0J0. The pop­
ulation is about 4,500.
Bloomington (V illa g e ). >Yis.— Bonds P roposed. —Local
papers state that the Wisconsin Southern Railroad Co. (a
proposed road) w ill petition this village to issue $4 00) of
bonds for the purchase of 40 shares of stock in their railroad.
Boston, Mass.— T em po-ary Loan —Local papers state that
the City Treasurer has negotiated a loan of $800,000 at 2V7
interest. This is the first time, according to the report, that
the Treasurer has borrowed this year.

J.

Biloxi, Miss.

602

T H E C H R O N IC L E .

B risto l County (P . O. Taunton), Mass.— B ond O ffering -—
Proposals w ill be received nntil 10 x. si. September 22, 1893,
by Edward Mott, Chairman County Commissioners, for
SitW.OQO -11 loan. Xotes are issued pursuant with Chapter
868, Acts o f 1898 ; Chapters 239 and .ISO, Acta of 1891; Chap­
ter 200, Acts of 1897, and Chapter 887. Acts o f 1893. Notes
are in denomination o f $20,000, dated September 23. 1898.
Interest w ill bo payable semi-annually, and the principal w ill
mature September 58, 1902,
Brunswick, Md.—Bond* A u th o r ! . T h i s city lias re
cently authorized the issuance of $2,500 5; street improvement
bonds. Interest w ill be payable annually at the Savings
Bank of Brunswick, aud the principal w ill mature 25 years
from date o f issue. Date of sale has not been determined;
we are advised that it w ill probably take place in the spring
o f 1889.
B on ds D efeated. —A t a recent election theissuance of $3,500
municipal bonds was defeated,
Carboudale (K a n .) School D istrict.— Bond Sale. —This
district has recently sold $1,500 of school bonds.
Carthage, Mo .—B on d sa le .—On September 10, 1898, the
$25,000 refunding bonds were awarded to Trowbridge, M ac­
Donald & N icer Co., Chicago, at 100-72 fo r 4 per cents. F o l­
lowing are the b id s:
JFV»r*%
J
For Bfindst.
Trotrbrldtre. MacDonald &
M l« k V a l. T r. Co., St. Lou is..$35,476 00
N iv er < <•.............................. f !f>,l.vi (• 0 , N, \y.
A • oMChicago.. 25,36’? 50
MasOn, L e w i* Jc Co.. Chicago. 2-V,5? 00 ; S. A . Kean. Chicago ............. 25,312 50
A .'i.N c w t l. A S >T:S,(’ urthaiic2.>.<•.’•*» 00 Kudolpn K lo y b o lte & Co.,Cio.
25,205 00
X. W . H arris A Co.. Chico mo..
P a r Seasonuood A Mayor, Cmcln. 25,152 50
YlTernso a Dlockmuii Uc>.s
j Cbas H. ColHn, C h ic a g o ...... 25,123 00
I ’iOO'i
P a r 1F. K. Fu lton & Co-. Chle&sO.. 25,101 00
Miss. V a l.T r . Co. (1e*s £h?.Vi.
Par 1Farson, Leach & C o- C h ic.... 2-5,100 00

H arris

f o r 4V £

lior.d*.

]

For 5% ftoruis.

Lam preebt Bros. Co.. CteYe.. 125,031 25 I K. R. Fdlton & Co., Chicago. .$33,022 00
Donaldson Bond A Stock Co. 26.5'Jj5 50 I

Bonds mature August 1, 19U. subject to call $3/0 >vearly
after August 1, 1903, and $10,001 after August 1, 1908. For
further description of bonds see C hronicle August 27, 1893,
p. 442,
Cedar T ale, Kan.—B on d Offering. —Proposals w ill be r e ­
ceived at anytim e for $5,003 6;f gold water-works bonds. In­
terest w ill be payable semi annually, and the principal w ill
mature in 20 years, subject to call after 5 years. Bonds w ill
be sold to the first bidder at par.
B on d Sale. —On September 6,1893, $3,000
5;; street improvement bonds were sold to Farson, Loach &
Co., Chicago, at 106-712. Following are the bids :

Champaign, 111.—

Farson. Leach A Co., Chicago.^?,537 00 j Denison, J?Hor& Co . C love ,..$3.3*6 00
Cbicmr
f\48 >00 Rhode Island H oe T ru st Co.. 8,25040
Mason. Lew is a Co . Chicago..*8,171 00 j First N at. Bank, Cham paign., 8,200 00
------* An d blank bonds.

I S. A . Kean, C h icago................ 7,810 00

Securities are in denomination of $500, dated August 1,
1898; interest w ill be payable semi-annually. Principal w ill
mature §3.0)0 August 1, 1903, and $3,000 August 1, 1903. Tne
total amount of bonds of this issue is $13,000, the remaining
$5,000 being held by the city fo r the present. Frank G. Car­
nahan is the City Clerk
Chicago, III.— B ond Sale .— Following are the bids received
September 12,1898, for the $103,000 3’ 2; gold refunding bonds:
N. W. Harris .v Co.. Chicago. ...103*iJ80 j S.A. Kean, Chicago .......... 101*25
Hn»t Xattonal Bank. Chicago... MB'S>31MasoO)-£etls & Co.. Chicago ...101475
K H. Rolbiit' fi Co., B0«.ton....103 277 1Illinois Trust A Savings Bank,
FMahrooK A Co.. BuMon.
.103’56 Chicago.
........ . ........101*780
It. Kloybolte &Co., CincinmuL.l uF85>9i Home Savings Bank. Chicago.., 101*025
Bonds were awarded to N. W. Harris & Co., the highest
bidders. Binds mature October 1, 1918. For further descrip­
tion of bondB see C hronicle September 3, 1898, p. 497.
Cleveland, Ohio.— Bond Offering.— Proposals w ill be re­
ceived until 12 m . October 10, 1898, by H. L Rossiter, City
Auditor, fo r $250/00 4% river and harbor coupon bonds ma­
turing October 1, 1908. Securities w ill be coupon bonds of
$1,009, dated October 1, 1896, interest payable semi annually,
both principal and interest being payable at the American
Exchange National Bank, N ew Y ork City. A certified check
drawn on a national bank for $10,000, payable to the “ Treas­
urer of the city o f Cleveland/’ must accompany bids. These
bonds are issued under ordinance No. 21,929, the total amount
authorized being $500/100.
Coloma (T illa g e ), M id i.— B onds D efeated. A t a recent
election held in this village the proposition to issue $10,000
of bonds was defeated.
Colton, Cal.—Pond Offering .—Proposals w ill be received
until September 30, 1898, for $20,009 6/ 1 40-year water­
works bonds, according to reports^
Condon, Ore.— B onds Voted. — Oa September 8, 1893, the
issuance of $3,000 water-works bonds was authorized by a
vote o f 24 to 1.
Coshocton, Ohio.— B on d Sale .—On September 13, 1898, the
$22,500 0/ street-paving bonds were awarded to Denison,
Prior & Co., Cleveland, at 112-60. Following are the bids:
T>eni«on. Prior £Co.. Clevo..$25,33500 |Briggs. Smith & Co., Cinoln. .$25,02500
Kudololi Kleybolte A Co. .On. 25,118 2-? i Now First Nat Bank. Cfncln. 24,705 76
Sca«ongoo<l A. M o ver, Clnein. 25,11600] Commercial Bank — ........ 21,30000
The bid of Rudolph Kleybolte & Co., Cincinnati, while the
highest, demanded an ordinance providing for assessments
for the payment of the bonds at maturity. This the Coun­
cil refused to do, and awarded the bonds to the Cleveland
firm. Securities mature $1,500 yearly on S -ptem b erl from
1900 to 1914, inclusive. For further description of bonds see
Chronicle September 3, 1898, p. 497,
Cnlloui (III.), School District .—Rond Issue. — It has been
reported that tiie $4,900 6/ school bonds which were recently
authorized had bien sold. We are advised that the bonds are
not yet disposed of, but that negotiations are pending
whereby the city expects to sell them at private sale to
Mason, Lewis & Co., Chicago, at 102 50.

—

[V o l . LX V II,

Denver, Col.— B onds A p p ro ved . —On September 2, 1898, an
issue of $27,500 6; Logan Aveune improvement bonds was
approved by the Board of Public Works.
East Lincoln (T o w n ), Logan County, I I I .— B onds R eg is­
tered. — Oa September 6,1898, the Auditor of Public Accounts
registered the $72,0(11 4: refunding bonds oT this township,
which were sold on July 6 to N . W . Harris & Co., Chicago,
at lOO'OUS.
Easton, Pa. —B on ds N ot A u th o rized .— It has been reported
tli it t^e C ity Council had authorized the issuance of .$8,500
iu bonds to pay for the purchase o f a garbage crematory.
W e are advised by the City Clerk that no such bonds w ill be
issued. He says: “ An ordinance was introduced, but no
action on it has been had nor is it likely to be passed.”
Goldfield (Tow n), Col.— Bond Sale .— Oa September 3,1898,
this town sold 323,000 water-works boadi at private sale.
These bonds were authorized at a recent electi m.
Gretna School D istrict No. 37, Sarpy County, Neb.—
B ond O ffering.— Proposals w ill be received until October 10,
1898. by P. J. Lingdop, Secretary Board of Education, for
82,500 5s' school bail ling bonds. Interest w ill be payable
April 1 and O j >. 1 and the principal will mature Oct 1,1903.
Hagerstown, M(l.— Bond Sale.— Oa September 13, 1898,
$3,00 I 4/ street paving bonds were awarded to local investors
as follows: S im 'lJ . R m ik lelp $2,803: E G. Kinssll, $100, and
John Stinemetz, $10). Tue bands were sold at auction, and
brought an average price of 104'233. Bonds are in denomina­
tions of $10) and $2- 0, and mature one bond of $200 vearly
from 1901 to 1910, iaclusive, and $100 yearly from 1911 to
1920, inclusive.
Hasbrouek Hoi.Tits, X.
.—B on d S a l*.—The $15,000
18 30 year bonds of this borough hive been awarded t >R, B.
smith & Co., New York, at 10)33. for
bonds. Bids
were also received from Ben-welt & Everitt. N ew York, and
W alter Stanton & Co., N ew York, at 105-75 and 105-60 re ­
spectively. for 5 per cents. For description of bonds see
hronicle August 13, 1898, p. 335.
Honlton (T o w n ), Me.— B on d O ffering.— Proposals w ill be
received until September 20, 1898,’ by the Selectman, for $10,000 (or less) A.% refunding bonis. Securities w ill be in de­
nomination of $1,0)0, dated October 1, 1893; interest w ill be
payable semi-annually in Bnston or Honlton. as determined
by the purchaser. Principal w ill mature October 1, 1918.
A depasit o f 5/ of the amount of the bonds allotted to the
successful bidder or bidders must be made as soon as they
are notified. The assessed valuation of the town is $1,244,739
and the population about 6,000.
Houston, Texas.—Bond Sale.— On September 13, 1898,
$100,000 5/ 40-vear street-improvement bonds were awarded
to Rudolph Kleybolte & Co,, N ew York, at 106-526 These
are the bonds, we are informed, that were aw ards! last
month to W . J. Hayes & Sons, Cleveland, but according to
local pipers the city re advertised the same for sale, claiming
that the Cleveland firm had not complied with the terms o f
the purchase andhad forfeited the $2,009 pntup with their bid.
An injunction was served upon the city before the hour of the
sale at the instance of W. J. Hayes & Sons, who have now
entered suit iu the Eleventh District Court to prevent the city
from re selling the bonds.
The award to Rudolph K leybolte
& Co. was conditioned upon the outcome of the injunction
proceedings, which w ill be heard September 22, 1898"
Hyde Park, Mass.— Bonds N ot to B e Issued a t P resen t. —
We "are advised by the Town Treasurer that the $100,090
sewer bonds which ware authorized last June w ill not be
issued this year.
Independence, Mo.— P ro p o sei B on d Election.- —The mat­
ter of holding an election to vote on the question o f issuing
sever bonds is still under consideration, but nothing definite
has yet been done in the matter.
lonn Lake School D istrict, M urray County, Minn.— B on d
Sale —Tnis county recently voted to issue $2,500 bonds for a
new school house. W e are advised that the money has bien
loaned by the State. Securities are in denomination of $200;
interest will be payable annually at the County Auditor’s
office. Principal w ill mature $300 yearly until entire loan is
paid.

J

C

,

Jo Daviess County. 111.— B ond E lection .—At the fall elec­
tion
the question
issuing
court-house
will beofvoted
upon.$20,000 bonds to improve the
Laurel, Miss.—Bond Offering. — Proposals w ill be received

by the Town Clerk until .January 1, 1899, for $5,000 6£ school
bonds. Securities are in denomination of $500 ; interest w ill
be payable annually on January 1. Principal w ill mature
$500 yearly. Bonds w ill be subject to call after five years.
Lou isville, Ky. - Loan P ro p o m i .— The Finance Com m it­
tee of the General Council has under consideration the appro­
priation of $400,000 for the running expenses of the city gov­
ernment. Of this amount, $200,000 w ill be raised by a loan,
in anticipation of the collection of taxes.
McComb City, Miss.—F a rth er D etails o f Rond O ffering. —
As stated in the hronicle of August 20, 1898. proposals w ill
be received until 7 p , m , September 21, 1898, by O. B. Quin,
Mayor, for $35,000 water works bonds. W e are now advised
that the securities w ill be in denomination of $500, dated
October 5. 1898 ; interest w ill be at the rate-of 6/, payable
annually in McComb City. Principal w ill mature October 5,
1918, subject to call after October 5, 1903. Each bid must be
accompanied with a certified check for $506. Bonds are
issued under Chapter 93. Annotated Code of State of Missis­
sippi (1892), sections 2948, 3014,8015 and 3)16, and were au­
thorized at the special election held on May 9, 1898.

C

T H E C H R O N IC LE .

S eptember 17, 1818, j]

McKees54 Rocks.
Pa.—B on
d S ale.— On September 5, 1898,
$40,000
improvement
bonds
were awarded to Wm. M,
Bell & Co., Pittsburg. Bonds are in denomination of §500,
dated September 1, 1898. Interest will be payable semi-an­
nually.
Madison (Town), Fla.—L ean A u th o rized .— According to
local papers an election will be held October 4, 1898, to vote
on the proposition to borrow $2,000 at not more than 64 in­
terest, the principal to be payable $200 yearly, and the town
to be privileged to call in and pay any or all of the instal­
ments
after the
year.
Madison,
Wisfirst
—B ond S ale.— On September 9, 1898, the
$37,000 sewer-improvement bonds were awarded to 3ST. W.
Harris & Co., Chicago, at 101-891 for a 44 bond. Principal
will mature July 1, 1918, subject to call on any July 1 after
1908. For description of bonds see Chro nicle , August 20,
1898,
p. 369. (Minn.) School District No. 5.—B onds V oted .—
Malitowa
This district recently voted to issue $500 in bonds to pay its
indebtedness.
Malden, Mass.— T em porary L ran .—'The city has negotiated
a three months’ lean of $50,000 with Geo. Mister, Boston, at
2'974. Following bids were received:

603

Mount Moriah (Tillage), Mo.—Bend Sale .—The $4,000 64
school bonds recently registered were sold on September 7,
1898, to the Bank of Mount Moriah at par.
Pleasant,
Iowa.—bonds.
Bond Sale.—This city has recently
soldMount
an issue
of 5,4 funding
Mount Pleasant, Mich.— B n d E lection .—An election will
be held September 21, 1898, to vote on the question of issuing
$20,0- 0 water works bonds and $7,500 electric light plant
bonds.
Mount Sterling, Ky.— B on d E lection .—At the election to
be held on November 8, 1898, tbe question of issuing $75,000
54 water works bonds will be voted upon. The assessed val­
uation is abont $2,000,000, and tbe Mayor writes us that the
city does not owe a dollar.
New Bedford, Mass.— T em porary L oan —Local reports
state tbatthe city has negotiated a temporary loan of $200,000.
New1Britain, Conn.—B ond Sale.— On September 10, 1898,
the $50,000 44 sewer construction bonds were awarded to R.
L. Day & Co., Boston, at 106 829. Following are the bids :
R. L . Day A Co., B oston .......... 106*829 I Adam s A Co.. Boston
.........104*94:
Estabrook & Co.. B o s t o n .........105*77 |Jose. Park er A Co.. Boston
104*9125
E. H . Rollins A Sons. Boston— 105 637 ! Blodget. M erritt A Co.. Boston.104*77
E. H. Gav A Co.. B oston ............105*3$ | Rudolph K ley b o lte A Co.. N. Y.104*39
N . TV. Harris A Co., N ew Y o rk ..105*079 |Parson. Lea ch A Co., N. Y .......108*77

Interest will be payable February 1 and August 1 at New
Britain National Bank. Principal will mature August 1,
1925, subject to call after August 1,1910.
New Castle, Pa.—B on d S ale .—On September 12, 1898, tbe
44 coupon bonds were awarded to W. J. Hayes & Sons,
tiated the loan of $9,000 for the construction of a shirt fac­ $35,000
Cleveland, at 102-368. Bonds mature August 1, 1918, subject
tory, which we recently reported as authorized.
after August 1, 1903. For further description of bonds
Marlborough, Mass.—B id s .—As stated in the C hronicle to call
C hronicle September 10, 1898, p. 549.
of last week, page 549, $6,000 44 water bonds and $20,000 seeNew
(Town), Ohio.—B onds V oted .—At the
sewer bonds were awarded to Estabrook & Co., Boston, at election Richmond
held on September 13, 1898, the proposition to issue
110-291. The following bids were received :
$30,000 electric-light and water-works bonds was carried by a
vote of 7 to 1. Details of the issue are not yet determined.
Ottawa County (P. O. Port Clinton), Ohio.—B on d Offering.
—Proposals will be received until 12 m. to-day (September 17,
1898), by E. A. Powers, County Auditor, for the $40,000 54 court­
house bonds. Securities are in denomination of $500, dated
August 1, 1698 ; interest will be payable February 1 and
August 1 at the office of the County Treasurer, Port Clinton.
Principal will mature on each February 1 and August 1 as
Mendota, 111.—B ends Issued a n d P a rtly Sold. —The City follows :
Council has authorized the issuance and sale (as the money
is needed) of $11,400 54 sewer bonds. Securities are in de­
nomination of $100, dated August 15, 1898. Principal will
mature $1,500 yearly on August 15 from 1900 to 1906 and
$900 on August 15, 1907. $4,000 of these bonds were sold on Each bid must be accompanied by a certified check or cer­
August 23 to local parties at par. The rest of the issue will
of deposit for $600 on any banking company of Port
be sold from time to time as the city needs the money. We tificate
Elmore, Oak Harbor or Freiuont, made payable to
are advised that a second issue of $5,800 will be made later Clinton,
the County Auditor. Bonds are issued under sections 871
on, the date of which has not yet been determined.
872, Revised Statutes of Ohio, pursuant to authority con­
The only other debt of the city is $2,000 water bonds. As­ and
ferred by the voters of the county at a special election held
sessment in 1897 was $153,000.
June 27, 1893.
Mercer County, Ky.—B on d Sale. —On September 7, 1893, onPeoria,
111.— B onds R edeem ed .—On September 6, 1898, the
according to local papers, the $145,000 44 refunding bonds City
paid off $21,000 of street improvement
were awarded to John B. Thompson, a local investor, at t>ar. bondsComptroller
which fell due on September 1.
For description of bonds see Chronicle Sept. 7, 1898, p. 389. Perham
(Village), Otter Tail Connty, Minn.— B on d Offer­
Millheim (Borough), Pa.—B onds D efeated.—O n Septem­
Proposals will be received by the Village Council until
ber 12 the proposition to issue water-works bonds was de­ 8ing.—
p. M. October 4, 1899, for $6,000 (in two series) 64 village
feated by a vote of 68 against to 51 in favor of the issue. No bonds,
to be dated October 10,1898. Interest will be payable
further action will betaken by the Council. There is some semi-annually.
The first series ($2,000) will be payable on
talk of a private company being formed.
October
10, $500 in 1900, $750 in 1901 and $750 in 1902. The
Minnesota.—L oons A u th orized. —Tbe St. Paul “Pioneer second series
($4,000) will mature on Octoler 10, $5( 0 in 1903,
Press’ states that tbe following loans to school districts were $500 in 1904 and
$750 yearly from 1905 to 1908 inclusive. Bids
approved
by
the
State
Board
of
Investment:
District
No.
2,
must be made for each series separately. Peter Schroeder is
A itkiD , $475; No. 25, A itk in , $178; No. 11, Cottonwood, $500; the village President,
No. 105. Fillmore, $600; No. 65, Freeborn, $600: No. 36, Hub­ Pliillipsbnrg (Town). N. J.-B o n d '.O fferin g .—Proposals
bard, $500; No. 44, Le Sueur, <600; No. 17, Lincoln, $125; will be received until 7 P. M. September 29, 1899, by the Fi­
No. 80. McLeod, $5i0; No 81, McLeod, $800; No. 12, M ills nance
Committee—G. G. Stryker, Chairman—for $60,000 44
Lacs. $6f 0; No. 90, Morrison. $5C0; No. 91; Morrison. $125;
street improvement bonds and $9,000 44 coupon sewer
No. 33, Morrison. $1,125; No. 63. Meeker, $600: No. 81, coupon
bonds. Securities will be in denominations of not less than
Mower, $801 ; No. 22, Nobles, $5i 0; No. 52, Nobles, $300; No. $100
nor more than $4,00<>, dated October 1, 1893 ; interest
94, Nobles. $5C0: No. 24, Norman, $400; Royalton, Pine will be
semi-annually. The street improvement
County, $200; No. 129, Renville, $500; No. 23, Redwood, bonds willpayable
$4,000 yearly on October 1 from 1903 to
$1,920; No. 09, Rice, $200; No. 61, Sibley, $600; No. 18 1917. The mature
sewer bonds will mature $1,000 in 1900 and $5,000
Stearns,
$500;
No.
182,
Stearns,
$9C0;
No.
127,
Todd, $257; in 1914. Bids
will be opened at the town attorney’s office.
No. 163, Wright, $500.
Phoenix, Arizona.—No E lection O rdered .—It has been re­
Missouri.—B on ds R egistered. —The State Auditor recently ported
that an election would soon be held to vote on the
registered the following bonds :
question of issuing water works and sewer bonds. We are
advised by the City Recorder that no election has yet been
ordered and nothing has been determined in regard to such
Jo, lSOr*.
issue.
Portland, Ore.— Bonds A u th orized .—The issuance of
Mobile, Ala.—B ond Sale.—On September 12, 1898, the $3,314
47 bonds has been authorized by tbe City Council.
$750,000 4(£4 water works and sewer bonds were awarded to Powers
School District.—B ond O ffering.— Propo­
Sperry, Jones & Co., Baltimore, at 100-563. Bonds mature sals will (Midi.)
be received until 2 p. m. September 21, 1898, for
November
1,
1838.
For
further
description
of
bonds see $3,500 64 school bonds. Interest will be payable annually
Chronicle August 6, 1898, page 286.
aud the principal will mature in ten years from date of issue.
Monroe
(Mich.)
School
District.—
B onds to Be. Issu ed .— Bonds are authorized under General School Laws of Michigan
This district will issue $12,0t 0 44 school bonds in denomina­ of 1897, Chapter 6, Section 1. Ralph Prince may be addressed
tion of $500. Securities will be dated January 1, 1899. Prin­ the subject.
cipal will mature $500 yearly, from 1900 to 19i0, and $1,000 onRichwood
Ohio.—Bonds A u th o rized . —This vil­
yearly thereafter. We are advised by the Secretary that the lage will issue(Village),
$6,0(0
64
coupon sidewalk bonds, under ordi­
whole amount will probably be taken by local banks.
nance No. 175. Securities will be in denomination of $1,000.
Moscow (Idaho), School District.—Bonds to Be Issued Interest will be payable semi annually and tbe principal will
S h o rtly.— W e are advised that the $12,000 64 10-20-year (op­ mature $1,000 yearly from date of issue. Date of sale has not
tional) bonds authorized at the election held July 13, 1898, yet been decided upon. Stephen D. Evans is the Village
will be shortly offered for sale. These bonds will be dated
Rock Island, III.—Rond Rate.—According to local papers,
January 1, 1699, and interest will be payable annually on Clerk.
January 1 at the office of the Treasurer of the district.
the city has sold $18,000 of an authorized issue of $30,000 64
Geo.
Mixter,
Boston....................
2*97* I| Wm.
O. Gay
A Co., Boston..........3*37*
Roger?.
Newman
A Tolman, Bost.3*24%
Goodwin,
Chas. Weil.....................................
S*2o* I Bond
BlakeABros.
A Co., Boston...........3*87*
Boston..........3 90*
Blodget. Merritt A Co.. Boston....3*33* |
Manchester, Ya.— L oan N egotiated.—The city has nego­
i%

E n tir e
Is s u e ? .

Estabrook A Co., Boston............... ..................
R. L . Day A Co.. B oston ....................................
Parkinson A Burr, B oston ...............................
C. B. W ilb u r A Co...............................................
Rudolph K leybolte A Co , Cincinnati...............
B lodget, M erritt A Co., Boston........................
Adam s A Co., B o sto n ........................................
E. H. Rollins A Sons, Boston............................
Jose, Parker A Co., Boston...............................
Blake Bros. A Co.. Boston................................

110*291

108*906
108*773

$20,000
S iW t r .

$6,000

W a te r.

.......
109*539
109*279
108*91
108*71
........

112*010
110*76
111*21
110*81
.......

108*337
10S*i8>5
108150

110*079
110*196
1( 9*90

$590 from Feb. 1,1899, to A ug. 1,1903, inclusive.
1,000 each Feb. 1 and $500 each A u g. 1 from Feb. 1, 1904, to A ug. 1, 1908, in­
clusive.
1,500 each Feb. 1 and $1,000 each A u g. 1 fro m Feb. 1, 1909, to A u g. 1, 1913, in­
clusive.
2.C00 each Feb. 1 and $1,000 each A ug, 1 from Feb. 1, 1914, to A u g . 1, 1918, in­
clusive.

|250 7* School District No. 7, I I and 10 o f Ste. G en evieve County, dated Sep­
tem ber 1. 1898.
800 7jl Sclu'cI D istrict No. 2, 53,7 and 8 o f M onroe County, dated September
600 7* School District No. 2,13 and I I o f Cape Girardeau Countv, issued Sep­
tem ber 1, 1898.

THE CHRONICLE.

604

water-works tomla to tht> Peoplt's National Bank at 102.
The remaining $12,(00 hoods were held for a few days and
offered to local investors at the same rate, those remaining
unsold after the stipulated time going also to the People's
National Bank.
Rosenberg (Texas) School District.—B o n d s to B e fa m ed .
issue #8,000, or less, tl< 20 year (optional)
school bonds in denomination of $500, Interest will be pay­
able at Rosenberg. Date of sale has not yet been determined.
The assessed valuation of the district is $100,000, about 25#
actual value.
Rothsay, Mi n n.—Rond S a le. —Tbis village sold last month
an issue of f 1,000 (!;. tire protection bonds to F. R, Fulton &
Co., Grand Forks, North Dakota,
Saginaw, Mich.— B ond O ffering .—Proposals will be jeceived until 2 r. vs. September 20, 1898, by Arthur F. Lewis,
Comptroller, for $10,000 T; street-improvement bonds. Se­
curities are issued under authority of the city charter and
authorized by a resolution of the Common Council passed
August 20, 1SOS. Bonds are in denomination of $1,000, dated
September 1, 1898. Interest will be payable semi-annually at
the office of the City Treasurer or at the current official bank
in New York City. Principal will mature one tenth annually
on September 1 from 1890 to 1908, inclusive
Proposals will likewise be received at the same time and
place for $-5,000 1? sewer bonds. These bonds are also issued
under authority of the city charter, as per resolution passed
by the Common Council August 22, 1898. Securities are in
denominations of $200 and $300, dated September 1. 1893. In­
terest will be payable semi-annually at the office of the City
Treasurer or at the current official bank in New York City.
Principal will mature $500 yearly on September 1 from 1899
to 1908, inclusive. A certified check for 2% of the par
value of the bonds bid for and payable to the Treasurer
of the city of Saginaw must accompany proposals for each
issue.
St. Louis, Midi.—No B u n d Sale. —We are advised that the
contemplated sale of $20,000 4;J electric-light bonds, advertised
to take place on September 26, has been abandoned, as the
“regularity and sufficiency of the Board of Public Works of
the city has been questioned.’- All proceedings for the sale
f said bonds and the construction of said electric-light plant

# 5 0 0 ,0 0 0
L

a l t

C

a k e

i t y

, U

t a

h

,

2 0 -Y e a r 4 Per C e n t

R E F U N D IN G B O N D S .
#
E

s s e x

0 0 0 , 0 0 0

N. J.,
(Newark County Seat)
C

o

u

n

t y

will therefore cease, and no bids will be opened for same.
New proceedings will be commenced as soon as possible.
Sandusky, Ohio.—B o n d Sate.— On September 10. 1898, the
$17,000 4Wf refunding sewer and paving bonds were awarded
to the Third National Bank, Sandusky, at 10(5-25, Follow­
ing are the bids :
&

Third Not. Hunk, Sandusky. .$18,(MS so I Lfiraprecht Bros. Co.. Clove, .$17,827 90
Rudolph KJe.vbollo tv>.,0in. I7.K3 450 ■\V. J. Haves Sons. Clove.... i?,si7 00
D en ton , P rior A Co.. Clove.. 17,007 75 1Sensoosood
Mayer. ClRoln. 17,-:81 75
Adams A Co,. B o sto n ............ 17.855 10 | Briggs. Smith & Co , Clncln.. 37,011 75
Parson, Bench & Co., Ohio..,. 17,853 00 I s. A . Kean, Chicago............. 17,510 00

h r o n ic l e

,

4 0 - Y e a r 4 Per C e n t

GOLD PARK BO N D S.
Price on Application.
Write for Special Circulars.
M A S O N , L E W I S Sc C O . ,
BANKERS,
67 M il k S treet, Boston,
171 L a S a lle S treet, Chicago*

UNITED STATES
3 % Bonds
BOUGHT

AND

SO LD.

R. L. D A Y & C O .,
40 W a t e r Street* Boston.
1 B ro a d S tfe et* N e w Y o r k .

DEALERS IN

APPRAISEM ENTS M AD E OR QUOTATIONS
FURNISHED FOR T H E PURCHASE, SALE. OB
EXCHANGE OF ABO VE SECURITIES.

L.1ST8 ON APPLICATION.

N. W. HARRIS
& CO.,
BANK ERS,
31 N A S S A U S T , (B a u k of Com m erce B id e .)

Syracuse, N* V*, Rapid T ransit It*way 5*.

ADAMS & COMPANY,

N E W YORK,
P H ILA D E L P H IA

-

1 NASSAU STREET.
421 CHESTNUT ST.

# 3 5 ,0 0 0
41%

L o r a in(ElyriaCC otuntyuSeal)
n t y , O..
CHILDRENS’ HOME BONDS*

A*.lowed valuation............................ .. 118,000.000

Total debt (this issue only)...........................
Population, 60,000.

35,000

BANKERS

DEALERS IN

IN V E S T M E N T B O N D S,
Members of Boston Stock Exchange/

No. 7 Congress and 81 State Streets,
BO STO N

Price and particulars upon application.

B R IG G S . S M IT H & C O .,

35 E a st T h ird Street*

- C in cin n ati, O h io.

M OSCOW , ID A H O , GOLD 6s
School Bonds, Due 1911.

Moscow \ s th e County Seat of L atah County, one
of th e beat agricultural section# in ihe State. For
price and full particulars address
H. B. POW ELL, Woodstock, Vermont.

PU B L IC S E C U R IT IE S
SUITABLE! FOB

S A V IN G S B A N K AN D T R U S T
FUNDS.

LISTS MAILED ON APPLICATION.

Farson, Leach & Go.
C H IC A G O ,
IDO D e a r b o r n S t.

NEW YO R K
35 N a s s a u St.

1

Mu nicipal, Railroad,
Stre e t R ailw a y and Gas

BONDS.

INVESTMENTS.

Government and
WADLEY, GEORGIA.
bids will be received until October st fo r
Municipal Bonds theSealed
purchase of $7,000 of Town bonds for building

B O U G H T AND SO LD.

E D W A R D C. J O N E S C O .

&

Securities are in denomination of $500; $12,500 are dated
September 1, 1898, and $4,500 October 15, 1893. Interest will
be payable semi annually at the office of the City Treasurer.
Principal will mature as follows : $0,000 September 1. 1905;
$3,000 October 15, 1905; $6,500 September 1, 1912, and $1,500
October 15, 1912.
San Luis Obispo, Cal.—B o n d s V oted .—At the election held
on September 5, 1898, the proposition to issue $86,000 gold
sewer bonds was carried by a vote of 3 to 1. Interest will be
at the rate of Hi, payable annually. Principal will mature
$900 yearly. Date of sale is not yet determined, but will
probably take place in about six weeks.
Slieraden (Borough), Pa.—B ond Sale.— On September I3r
1898, the $30,(00 4> improvement bonds were awarded to
Robinson Brothers, Pittsburg, at 101-81. Principal will m a­
ture on October 1, as follows: $1,000 in 1902, 1904, 1900, 1908;
$1.0(0 yearly from 1910 to 1921, inclusive; $2,000 yearly from
1922 to 1925, inclusive, and $3,000 yearly in 1926 and’ 1927.
For description of bonds see C
of last week,
p. 550.
Son(iiua, Cal.—P robable B o n d E lection .—We are advised
that another election will probably be held on October 23,
1898, to vote on the question of issuing $15,000 1-40-year
gold water-works bonds. The question of issuing these bonds
was voted upon last spring, bat lacked eight votes of the
necessary two-thirds.
South Omaha, Neb.—B o n ds A u th o rize d . —The City Coun­
cil has authorized the issuance of $12,000 6>' refunding paving
bonds and $35,000 6;f refunding general indebtedness bonds.
B onds P roposed. —The City Council has under considera­
tion an ordinance providing for the issuance of $21,000 5 year
bonds to fund district improvement bonds about to mature.

__ INVESTMENTS.

N E W LO A N S.
N E W LO A N S.
S

[V ol . L Y U i.

a school house. In te re s te d . For fu rth er inform a­
tion w rite
S, C. EVANS, Mayor.
W adley, Ga$ 1 7 5 ,0 0 0

Los A n geles T i action Oo.
1st M o rt g a g e 62 2 0 -y e a r G o ld B o n d s .

Total issue $250,000.
F irst M ortgage at $14,000 per mile.
Net earnings for 28 m onths of operation, $60,083
equivalent to 1 2 % on th e total issue, of bonds.
Population of Los Angeles 103,070.

Send for full description of property.

E. H. R O L L I N S & S O N S ,
19 m ilk S treet. Boston* M a s s,

VIUNICIPAL BONDS.
Securities Netting from V/i to <>&
ALWAYS ON HAND.

Send for our Investment Circular.
D U K E M. F A R S O N , Banker,
Municipal Bonds.
18 ‘A D e a rb o rn S treet
C H IC A G O .

Blodget, Merritt & Co.,
BANKERS,

16 C o n g re s s Street, Boston

STATE, CITY & RAILROAD BONDS ’

GOOD

IN V E S T M E N T S

N E T T IN G 5 TO

8

I 'K I t C E N T .

W a s h in g to n W a r r a n t s , Bonds and Seou l .1
ties o f a ll k in d s B o u g h t and Hold*

C A LV IN

P H I L IP S ,

307-8-9 CALIFO RNIA BUILDING,
TACOM A,
W A S H IN G T O N .

THE CHRONICLE.

September 17, 1898.]

Spokane, Wash.—B o n d O fferin g — Proposals will he re­
ceived until 1 . M. October 12, 1893, by George A Liebes,
Secretary of Sinking Fund Commission, at the office of the
City Comptroller, for 110,000 5% park bonds. Securities are
in denomination of $500, dated August 1, 1898 ; interest will
be payable February 1 and August 1 at the State fiscal
agency in New York City. Principal will mature August
1, 1908. Bonds are authorized by Ordinance No. A 775, passed
by the City Council July 9,1898, and approved by the Mayor
July 21, 1898.
Taunton, Mass.—B o n d O ffering.— Proposals were asked for
until 7:80 p. . yesterday (September 16, 1898), b y Edward
H. Temple, City Treasurer, for $16,500 4% sewer bonds. Secur­
ities will be registered, sixteen of the denomination of $1,100
or any multiple thereof, and one of the denomination of $500;
all the bonds will be dated June 1. 1898, and will mature
June 1, 1928; interest will be payable June 1 and December 1.
Bonds are issued under authority of Chapter 15f', Acts of the
Legislature of 1891, and order of the City Council approved
August 26, 1893. At the time of going to press the result of
this sale was not known.
Throckmorton County, Texas.—B ond Bale.—The $17,000
court house refunding bonds recently registered have been
sold to the State School Fund.
Two Harbors (Tillage), Mi nil.—B onds N o t S o ld . —We are
advised that at the meeting of the Village Council on Sep­
tember 12, 1898, action in regard to the sale of the $3,001 6#
electric-light bonds was deferred indefinitely. Bids for
these bonds were asked for until 8 p. it. on that date.
Utiea, X. 'I.— B ond Sale. —On September 9, 189-*, the $4,000
4% Washington Street bridge bonds were awarded to John C.
Gibson, Utica, at 101-25. Other bidders were: W. J. Cahill
as agent for Isaac W. Sherrill of Poughkeepsie $4,049, J. T.
A. Doolittle of Utica 81 046. Rudolph Klevbolte & Co. of
New York $4,027 and S. A. Kean of Chicago $4,020. Prin­
cipal will mature $1,000 yearly on November 1 from 1899 to
1902, inclusive. For desci iption of bonds see C
of
last week, p. 551.
Valparaiso, Ind.—B onds A u th o rized .—T h e City Council
has authorized the issuance of 33,000 school build ng bonds.
Virginia, Minn.—Bon i Sale.— The • itv has receitlysild
$15,000 of its general fund 5% bonds to The Trowbridge, Mac­
p

m

h r o n ic l e

C. H. W H IT E & CO.
BANKERS,

31 NASSAU ST.. NEW YORK.

Donald & Niver Co., Chicago, at par. Bonds are dated
September 1, 1898. Principal will mature September 1, 1908,
but the city has the privilege of paying $l,l00 yearly from
1901 to 1907, inclusive, and $8,000 in 1908.
Walnut Grove (Village), Minn.—F a rth er D etails o f B o n d
O ffering. —As stated in the Chronicle of last week, p. 552,
this village will receive proposals until 7:30 P. M. September 28,
1398, for $3,500 6% water-works bonds. We have since learned
that securities will be in denomination of $700; interest will
be payable annually in St. Paul, Chicago or New York.
Principal will mature $700 yearly on June 1 from 1899 to
1903, inclusive. Assessed valuation of the village is 844,423,
which is about one third actual value. J. F. Hesnault is the
Village Recorder.
Waterloo (Village), Wis .— B o n d O ffe rin g — Proposals will
be received until October 4, 1893, for $4,500 5% village hall
bonds. Interest will be payable on July 10 at Waterloo, and
the principal will mature $500 yearly on July 10, from 1899
to 1907, inclusive. F. Hubei, Jr., is the Village Clerk.
Whittier, Cal.—P roposed E lectio n . —We are advised that
the details of the proposed issue of about $42,000 water-works
bonds are not yet determined upon; they will be settled by
the election which will be held some time within the next
three months. The City Clerk writes us that the interest
will probably be 5%, and the principal will probably mature
one-fortieth each year. The city will probably advertise for
sealed proposals if the bonds are authorized.
Wooster, Ohio.—B o n d O ffering. —Proposals were asked for
until 2 ii. yesterday (September 16, 1838), by W. T. Peckinpaugh. City Clerk, for $5,200 4%% 15 year coupon refunding
bonds and $6.C00 5% coupon refunding bonds. The $6,000
issue will mature as follows: $800 yearly on March 1 from
1900 to 1904, inclusive, and $1,000 on March 1 in the years
1905 and 1906. Interest on both issues will be payable semi­
annually at the City Treasurer’s office. Bonds are issued
under authority of Section 2701, Revised Statutes of Ohio,
and an ordinance of the city passed August 15, 1898.
Wymore (Neb.) School District.—Road Sale. —This city
sold last month $6,500 school bonds to C. H. lmholf, Lincoln,
at 109-230.
Y’o.kers, N. V.—B ond O ffering ■—Proposals will be received
until Sept. 27, 1898, for $23,500
registered school bonds.

IN V E S T M E N T S .

IN V E S T M E N T S .

Whann & Schlesinger,

£. C. S tanw ood & C o.

IN V E S T M E N T S .
G O V E R N M E N T , M U N IC IP A L
AND R A IL R O A D BONDS.

605

M U N IC IP A L

MUNICIPAL BONDS,

BANKERS^

T R O W B R ID G E ,

AGENTS FOR TH E

D E A L E R S IN M U N I C I P A L B O N D S

Ma c D on ald
& N

C

iv e r

o

.

Individual Accounts received subject M U N I C I P A L B O N D S ,
to check at sight in London.
Cable Transfers.
1st Nat. Bank Bldg. - - CHICAGO
W IL S O N

&

41

S T ., N . Y .,

W A L L

A N D
O N

S T E P H E N S ,
B U Y

S E L L O U T R IG H T O R
C O M M IS S IO N

D A R D

S T A N ­

R A IL R O A D

A N D

M U N J C IP A L B O N D S .
D E R L Y IN G

A N D

U N ­

S H O R T -

T IM E B O N D S F O R B A N K S
A N D

IN S T IT U T IO N S

S P E C IA L T Y .
O F F E R IN G S

L IS T S
O N

A
O F

A P P L I­

F. R. FULTON & CO~

W. Hampton Wade,
A T T O R N E Y - A T - L A VVt

u

B

n i c i p a l

o

n

d

s

,

171 LA SALLE STREET
________C H IC A G O .

M. A. Devitt & Co.,

G E O R G IA .

Nine years practice in Alabama.
81* yeais In Georgia.
C orp o ration C a w a S p ecialty.

A th lr tJ * .

.** «TWN K jf il'T T '

ttA IM JM J U J aS ,

18 WALL STREET, NEW YORK
MEMBERS OF N E W YORK STOCK EXCHANGE
Allow Interest on deposits subject to sight cheo*
Buy and sell on commission stocks and bonds elthof
Cor cash or ou margin, and deal In

Investment Securities.

H . J. M o r s e . C h a s . D. M a r v i n . W . M .K i d d e b

SEC U R E BANK VAU LTS

M U N IC IP A L B O N D S .
First National Bank Building^

William E. Nichols,

13 W A L L S T R E E T ,

-

NEW YORK

M U N IC IP A L W A R R A N T S .
SEND FO R

S A V A N X A If,

Street Railway Bonds, and other high-grade In­
vestments.
BOSTON, MASS..
C lev e lan d , O hio,
7 Exchange Place.
3 1 1 -3 1 3 S u p e rio r St.

E s ta b lis h e d 1 8 0 5 .

M

__________CHICAGO.__________

C A T IO N .

BANKERS,

121 Devonshire Street,
__________ B O S T O N . __________

W. J. Hayes & Sons,

71 BROADWAY, NEW YORK.

A N G L O -A M E R I C A S ’ H A N K , L td .,
C h a rin g C ross, L o n d o n .

BO NDS.

L IS T S '

CHOICE MUNICIPAL BONDS
from SOUTHERN & WESTERN states,
yielding 4 to

ROSENBERGER & LIVERMORE,
F o rty W a l l Street, N e w Y o rk ,

GENUINE

WELDED CHROME STEEL ANDIRON.
Round and Flat Bars and 5-ply Plates and Angles

FO R SA F E S , V A U L TS ,

Cannot be Sawed, Cut, or Drilled, and positively J
Burglar Proof.
CHROM E STEEL W O R K S,
Kent Ave., eap & Hooper Sts.
Sole Man’f'ers in th
B R O O K L Y N , N.

Y

3ankandTrustCom panyStocks
New Y o rk and Brooklyn
IIO U «IIT AM D SOLD.

C L•iIN T O N G IL B E R T
W A L L S T ., N E W Y O R K .

L'HE CHRONICLE.

606

[VOL, LXVI1.

TvittU o o iu v a llie s .

Union Trust Company United States Trust Co.
O F
80

SHEW

B roadw ay,

m JLP ITA L ,
s u r f e it s ,

45 A N D 47 W A L L STR E ET.

Y O R K .
New

-

- $1 ,0 0 0 ,0 0 0

- $5,213,000

-

AT7THORIEID TO ACT AB
E x e c u to r , A d m in is tra to r, G u a r d ia n ,
R e c e iv e r o r T r u s t e e ,
a n d is

A. L E G A L D E P O SIT O R Y FOR M O NEY.

ACTS AS TR USTEE1, OF MORTGAGES OF
CORPORATIONS and accepts the transfer agency
and registry of stocks.
A L L O W S INTEREST ON DEPOSITS, which may
he made at any time, and withdrawn on live days’
notice, with interest for the whole time they rematn
frith the company.
For the convenience o? depositors this company
ftlio opens CURRENT ACCOUNTS, subject. In ac­
cordance with its rules, to check at sight, and allows
Interest epos the resulting dally balances. Such
•hecks pass through the Clearing House.
Attends specially to the

M A N A G E M E N T OF R E A L E ST A T E

end to the collection and remittance of rente,
i It makes ample provision in Its

B U R G L A R A N D F IR E PRO OF F A U L T S

for the safe-keeping of securities placed in its cus­
tody. on which It collects and remits Income.
E D W AR D KING. President.
CORNELIUS D. WOOD,
JAMES H, OGILVLB,
Vice-Presidents.
AUGUSTUS W. K ELLEY,
J. V. B. T H A YER. Secretary.

)
}
)

H. R . M E R R IT T . Assistant.Secretary.

C. C. RAW LINGS. Trust Officer.

New York Security &
Trust Company,
46 W A L L

S T R E E T , N E W

Y O R K .

C a p it a l, S I . 0 0 0 ,0 0 0 I S u rp lu s , S i , 3 0 0 ,0 0 0
CHARLES S. FAIRCHILD, President.
WM. L. STRONG, 1st Vice-Pres.
ABRAM M. HYATT, 2 d Vlee-Pres.
OSBORN W , BRIGHT, Secretary.
Z R L A H V A N LOAN, Asst. Secretary.
Authorized to act as executor, trustee, a,dminiafcraor, guardian, agent and receiver.
Receives deposits subject to sight drafts, allowing
interest. A legal depository for court and trust
funds.
A designated depository for the reserve of State
>»Anks. Accounts of banks and bankers solicited.
TRUSTEES.
M. C. D. Borden, James A. Blair,
C. S. Fairchild,
W. H. Appleton, B. Ayimir Sands, J.G. McCullough,
Wm. L. Strong, James J. Hill,
H.Hoagland,
E. N. Gibbs.
W. F. Buckley,
J. W . Sterling,
8 . G. Nelson,
F. K. Cmulert,
H. Walter Webb,
James Stillman, John A McCall,
Edward Chi.
E. D. Randolph, F. W. Stearns
AhlaceF. Walker.

Rhode Island Hospital
Trust Company,
P E O Y IB E N C E ,

R .

I.

C a p i t a l . ..6 1 ,0 0 0 ,0 0 0 I S u r p lu s ....$ 7 5 0 ,0 0 0

DIRECTORS.
Royal C. Taft,
Horatio N. Camp!ell,
Robt. H. L Goddard, Robert Knight,
Geo. W . R.Matteson, John W . Danielson,
Herbert J. Welle,
William D. Ely.
Robert L Gammoll,
John C. Pegram.
William Binney,
Lyman B. Goff,
William B. Weeden, Geo. Gordon King.
Edward D. Pearce.
Rowland G. Haiaid,
Lucian Sharpe,
HERBERT J. W ELLS, 8 A M ’L R. DOBR A NOE
President.
Vice-President.
K DW ARD S. CLARK,
WM. A, GAM W FTJ,
Secretary
*
?n Secretar

The Union Trust Co.
715-717-719 CHBg CNUT STUB XT
P H IL A D E L P H IA , P A .
Inoorporat d 1889.
C A P IT A L ,

-

$ 1 ,0 0 0 ,0 0 0

Transacts a General Trust and Safe Deposit Business
Acts as Transfer Agent, Registrar and Trustees
under corporation mortgagea.
Collects and Remits Income at Keusouable Rates.
Solicits Accounts of Baukers and others.
Interest Allowed on Deposits.
President,
Vice-President.
J. SIMPSON AFRICA, THOMAS R. PATTON
2d Vice-President, GEORGE A. FLETCHER.
Treasurer and Secretary,
Trust Officer,
RICHARD g. EDWARDS. PERCY B. METZGER
DIRECTORS.
Joseph L Keefe. Tbos. R. Patton
8 . Africa.
Edward BnJJey, Chas. A* Lagen. Kdw. L. Perkin?,
Geo. A. Fletcher, John P.McGratn. Wm. C. Stoever,
Thomas G. Hood, Frauds E. Bond. Joseph Thomas
Wm.. B. Irvine, Oscar R. Meyers.

J,

C A P IT A L

Y ork .

AND

SURPLUS.

B O S T O N , M ASS.

$ 1 2 ,0 0 0 ,0 0 0

C A P IT A L ,

This Company is a legal depository for moneys
paid Into Court, and Is authorized to net as Guardian,
Trustee or Executor.
IN T E R E S T

ALLOW ED

ON

OLD COLONY
TRUST COMPANY.

D E P O S IT S ,

which may be made at any time and withdrawn after
five days’ notice, and will be entitled to Interest ut
such rates as may be agreed upon.
Executors. Administrators, or Trustees of Estates.
Religious and Benevolent Institutions, and individ­
uals, will And this Company a convenient depository
for money.
JOHN A . STEW A RT,
D. W IL L IS JAMES.
JAMES S. CLARK.
Yfce-Pmfctmf,
HENRY L. THORN ELL,

Prtaidmt.
Vw-PirsUlmt.
Second
Secretary.

L O U IS G. H A M P T O N , J m W . a/c’j .

TRUSTEES:
Samuel Sloan,
Charles S. Smith, W. Wald. Astor,
D. Willis James, Win. Rockefeller. James Stillman,
John A,Stewart, Alexander E. Orr, Jonn ClnlUn,
J. H. Rhoades, Wm. H.Macy. Jr„ John J. Phelps,
Anson P. Stokes, Win. I). Sloune, Daniel Lord.
John C. Brown, G. II. Schwab,
.1ohn S, Kenned v,
Edward Cooper, Frank Lyman,
D. <>. Mills.
W. B. Cutting,
George F. Yletor, LewiesC.Ledyard.

-

-

-

$ 1 ,0 0 0 ,0 0 #

SURPLUS,
1 ,0 0 0 , 0 0 0
T ra n s a c ts a G e n e ra l B a n k in g B u sin ess.

ALLOWS INTEREST ON* DAIT.V BALANCES 8U B JW V
TO CHECK
TRUSTS 1 UNDXB MOKTOAOKS. TSA N STX S AQKKT
REGISTRAR
B O A R D O F D IR E C T O R S ;

T. Jbtferson Cool id* e. Jr.. Pr«trt«W,

O liver Amos.

W ’ii's r Ftnnne^oH

C. W. Amory,
Samuel Carr.
B. P. Cheney,
T. Jefferson Ooolldge,
Chas, E. Cotting,
Geo, F. Fabyan,
Geo, P. Gardner,
Henry 8 . Howe,

W. Powell Mason,
Geo. V. L. Meyer,
Laurence Minot,
RlcnArd Gluey.
Henry R. Keen
-Vatbaniei Tbaver.
Stephen M Weld,
Henry C. Weston,

T . JKFFKRSON COOLLDGE, JR., P r e s id e n t .

C. S. TUCKERMAN,

Vice-Free" t and Treat.

G e o . P. G a r d n e r , G o r d o n A b b o t t ,
F r a n c i s R. h a r t , V i c e - P r u i d
E. A . P h i p p k n , S e c r e t a r y a n d A t e ’t T r e a t .
J o s e p h Q . St e a r n s , A e s ’t S e c r e ta r y .
E. E l m e r F o y e , Awe. S e c r e t o r y -

CONTINENTAL
TRUST COMPANY, AMERICAN LOAN
TRUST COMPANY,
-A N D -

OF

TH E

C IT Y

OF

NEW

YO R K.

30 BROAD STREET.

C A P I T A L ............................. . . . . 8 5 0 0 , 0 0 0
S U R P L U S .................................. 3 5 0 , 0 0 0

OTTO T. B A N N A R D .............................. President
WTLLIAM A L E X A N D E R SM ITH...1st Vice Pres’t
GORDON M ACD ONALD...2d Vtee-Pres’t and Sec’y
HENRY E. D ABO LL.............. Assistant Secretary
D e s ig n a te d b y t h e S u p r e m e C o u r t a s a
D e p o s ita r y fo r C o u rt m o n eys.
I n t e r e s t a l l o w e d on D e p o s its .
E x e c u te s a ll T r u s ts .

TRUSTEES
William Jar,
Giraud Foster.
Alfred M. Hoyt,
Gordon Macdonald,
Rudolf E. F. Flinsch,
Gordon Nome,
Robert S. Holt,
A . Lanfear Norrie.
Oliver Harrixnan. Jr.,
William F. Cochran,
Wm. Alexander Smith, Walter Jennings,
Robert Olyphant,
William A. Hazard
W , Seward Webb,
Frank H. Platt
Otto T. Bannard.
Trenor L. Park,
Robert W . DeFo^est,
0«wald Sanderson.
Joseph Walker Jr.

T

State T

he

100

r u st

C o.

B O S T O N , M ASS.

A legal depository of moneys paid into Court an•
for Administrators. Executors, Guardian*
Trustees.
INTEREST ALLO W ED ON DEPOSITS,
Trustees under Mortgages, Transfer Agent* at i
Registrars of Stock.
BOARD OF DIRECTORS,
Chas. Francis Adams, 2d. Samuel Little,
Oakes A. Ames,
S. E. Peabody,
Edwin F. At kin*,
Francis Peabody
Isaac T. Burr,
Albert
Pope,
Samuel Carr,
N. W. Rice,
F, Gordon Dexter
R. E. Robbins,
David P. Kimball
W. B. Thom&r,
8 . ENDICOTT PEABODY, President,
N. W . JORDAN, Actuary.
E. A. COFFIN Treasurer

A.

Maryland Trust Co.,

B R O A D W A Y ,

CORKER

C a p it a l a n d S u r p lu s *

FRANCIS S. BANGS, President
WM. A. NASH, Vice-President.
M AURICE 8 . DECKER, Secretary.
H. M FRANCIS. Treasurer.
H. B. BERRY, Trust Officer,
TRUSTEES.
Willis 8 . Paine,
Forrest H. Parker,
Henry H. Cook,
Charles Scribner;
Walter S. Johnston, Charles L. Tiffany,
Joseph N. Hallock.
George W. White.
Edwin A McAlpin,
Perclval Knauth,
Andrew Mills,
Francis 8 . Bangs,
William A. Nash,
Francis Ixynde Stetson,
Geo. Foster Peabody, Thomas A. McIntyre.
J. D. Probst,
Edward E. Poor.
Henry SteerB,
Anson G. McCook.
George W . Qutntard. R. A. C. Smith,
Thos. F. Ryan.

G-TJARDIAN
T rust & D eposit Oom oanv,
2®

SOUTH

$ 1 *8 0 0 *0 0 0

A c ts a s T r u s te e , R e g is tr a r , T r a n s fe r and
F is c a l A g e n t o f C o r p o r a tio n s , a n d a s E x ­
e c u to r , A d m in is t r a t o r , T r u s te e , G u a r d ia n
a n d C o m m it te e o f E s ta te s . L e g a l D e p o s i­
to ry fo r C o u rt an d T ru s t Fun ds.
Takes
fu ll c h a r g e o f R e a l a n d P e r s o n a l E s ta te s ,
i n t e r e s t a l l o w e d o n D e p o s it s .

L-a BALTIMORE. W * 3jl>>.Y*|W

General Banking aud Trust Business. Becomes
Trustee under Mortgages or Deeds of Trust. Finan­
cial or Transfer Agent for States, Cities or Corpora­
tions, etc., etc. Pays interest on Deposits.
JOHN L. BLAKE, President.
WM. M. BYRN, Secretary and Treasurer.
D ANIEL MILLER, JON. K. TAYLOR,Vice-Prea’ts.
Executive Committee: Wm. II. Bosley (John S.
Gittioga
CO.), Chairman; Daniel Miller, Henry
0. Matthews, John L. Blake, Francis A White,
Matthew 0. Fenton, Basil B. Gordon.

&

Metropolitan Trust Co.
Of the City of New York.
3 7 and 3D W a l l Street, N e w Y o r k ,
P a id -u p cup) m l.................. .......6 1 ,0 0 0 ,0 0 6
S u r p l u s ......................................... 1,000,006
Designated an a legal depositary by order of
Supreme Court. Receive deposits of money on In­
terest, act as fiscal or transfer agent, or trustee for
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorfvble tenne
as other similar companies.
Brayton Ives, President. Fred’k D. Tappen.V.-Pres,
C. M. Jesup, 2d V.-Pres. Beverly Chew, Secretary.
Raymond J. Ctaatry. Assistant Secretary.

$1 ,0 0 0 ,0 0 #
6 0 0 ,0 0 0

C A P IT A L ,
SU R PLU S,

A KB

GERM AN

8 T ».

B A L T IM O R E .
C A P I T A L , # 1 ,0 0 0 ,0 0 0
S U R P L U S , $ 5 0 0 ,0 0 0 .

A

L EG AL DEPOSITORY FOR COURT AN D
TRUST FUNDS.
Acts as Financial Agent for States, Cities, Towns
Railroads and other Corporations. Transacts a gen­
eral trust business. Lends money on approved se­
curity. Allows interest on special deposits. Act*
as Trustee under Mortgages, Assignments and
Deeds of Trust, as Agent ror the Transfer or Regis­
tration of Stocks and Bonds, and for the payment
coupons Interest and dividends.
J. WILLCOX BROWN, President.
LLOYD L. JACKSON, First Vice-President.
HENRY J. BOW DO IN, Second Vice-President*
J. BERNARD SCOTT, Secy. & Treas.

Of

DIRECTORS:

Wm. A.Marburg
Frank Brown,
Alex. Brown,
H. J. Bowdoin,
Leopold Strouse,
Basil B. Gordon,
Henry Walters,
W. B. Brooks,Jr.

Lloyd L.Jackson. Tosb uaLevering
H. A. Parr,
James Bond,
Clarion 0. Hall, J. D. Baker,
J.Willeox Brown, F. M. Thleriot,
B. N. Baker,
G. A, von Lingen,
Fred’k W. Wood Jos. E. Willard,
Andrew D.Jones J. A. Tompkins
W.H. Baldwin,.]rj

Missouri Kansas & Texas
Trust Co.,

7th a n d W y a n d o tte Sts., K a n s a s C ity, M o
L N assa u St., N .Y .. 400 C hestnut S t .iP h lia .
1 04 W ash in g to n St., Ronton.
S in g e ! 2 3 8 , A m s te r d a m , H o lla n d .
D o ro th e e n -S tr a s s e 5 4 B e r lin , G e rm a n y .
3 1 L o m b a r d S t r e e t , L o n d o n . E n g la n d .
S n n d t h o r q u n l ‘A ,” H a m b u r g , G e r .
1 5 R u e du L o u v r e , P a r i s , F r a n c e .
C a p i t a l ...... ..........................................$ 1 , 2 5 0 , 0 0 0

S u rp lu s and U n d ivided Pro fit*.. 1 ,4 5 0 ,0 0 0
AR TH U R K. STILW KLL. President.
Vice-Presidents: J, MoD* Trimble, B. L. Martin
W . 8 . Taylor, Jacques T. Noltheulus.
A. O. Robinson Heoretary; Wm. 8 . Taylor, Treas.
tjrer; Frank B, Wilcox, Assistant Treasurer; J, J ,
Oalrheg, Assistant Secretary; E. 8 . Mosher, Asst.
Secretary; NathM Norton, Ans’t Secretary; Trimble
A Braley, General Attorneys,
E xecute* a G e n e ra l T r u s t Business,
A ct* a * T ru ste e, T r a n s fe r A gent o r R e g is ­
t r a r fo r C o rp o ratio n s,
Act* a * E xecu tor, Adm ln istrn tor, G u a r d la g
or T ru * te e o f Estates.
C ollect* W e s te rn M o rtg a g e s .
T a k e * c h arge o f properties, colleetlag
Rents, p ay in g taxes, etc,, fa r
K u u r n In vestors,