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pimnrml
flmnt^rna
Rotation ^upplemenl
Street Kailway Supplement
(Montwy)
nvestor^ Supplement (Quarterly)
I
State and
Ci^ Supplement (^mMua\i^
Entered according to Act of Congress, in the year 1899, by the William B. Dana. Oompant, In the
VOL
SATURDAY, SEPTEMBER
69
2,
office of
the Librarian of CongresB.]
NO. 1784.
1899.
Weet ending Awjast
Clearings at-
(semiAnnuaii/}
1899
P. Cent.
I
1898.
1899.
26.
1897.
1896.
PUBLISHED WEEKLY.
Terms of Subscription— Payable in Adrance
New York
:
*10 00
6 00
12 00
Buropean Subscription (including postage)
7 00
European Subscription Six Months (including postage).-—
42 108.
Annual Subscription In London (including postage)
One Year
PorSix Months
B"or
31x Mos.
£1
do.
do.
do.
lOs.
Above subscription Includes—
Street Bailwat Supplement
Quotation Supplement
State and Oitt Supplement
Investors' Supplement
Terms of Adrertising—(Per Incli Space.)
•nslent matter
$4 20 Three Months (13 tlines)..$29 00
Six Months
rAKDINO BUSINESS CARDS.
(26 " ).. 50 00
" ).. 87 00
ro Months
(8 ttmea).. 22 00 Twelve Months (52
IB
IB
I
|
Edwards &
Smith, 1 Drapers' Gardens, E. C, will take suband advertisements, and supply single copies of the paper
rlptions
Is.
each.
WlLLIAin
B.
DANA OOmPANV,
Office Box 958.
4,244,081
1,605,892!
3,018,397;
834,146;
1,025,420
Rochester
Syracuse
Scranton
Wilmington
Blnghamton
Total Middle
Boston
Providence
Hartford
New Haven
Springfield
Worcester
Portland
Lowell
New Bedford...
Total New Eng.
Chicago
Cleveland
NEIIT
YORK.
CLEARING HOUSE EF TURNS.
table, made up by telegraph, etc., indicates
the total bank clearings of all the clearing houses of the
nited States for the week ending to-day, Sept. 2, have
Jen $1,500,004,568, against |1, 518,488,258 last week and
,316,450,091 the corresponding week of last year.
The following
lat
20,2.36,313
Buffalo
Cincinnati
Detroit
Pabllsliers,
Pine Street, Corner of Pearl Street,
»bt
Baltimore
972,668,142
79,495,574
22,606,876
Washington
Fall River
London Agents:
Ifessrs.
Philadelphia
Pittsburg
Milwaukee
Columbus
698,991
281.700
1 ,106.715,532
112.179,667'
5,666,600
1,796,461
1,267,780
1,049.892!
1,173,624,
1,978,017
590,3861
464,785!
405.9861
Saginaw
Rockford
Springfield, Ohio.
Canton
74,010.076
3,808,900
1,532,355
1,094,019
999,827,
1,121,767
1,250,719
733,818
464,088
330.920
1,383,071
1,123,364
1,806,702
550,513
501,899
365,180
85,346,488
93,133.191
10,173,250
5,599.210
7,301,085
4,238,183
2,999,700
2.153,018
1,643.239
2,122,208
733,187!
558,092
306,251
274.021
223.979
278,698
223,900
92.474,191
10,276,450
5,633,792
8,355,7a5
4.726,791
3,263,500
2,779,931
1,433,245
2,220,744
777,995
635,139
566,250
271,348
330,484
932,988
316,900
327,891
340,364
167,192
243,279
181,800
159,649,529
136,256,059
14,797,937
2,028,558
1,454,543
1,625,018
1,870.967
1,075.000
978,990
636,893
263.265
123,575
12.922,652
1.511.423
1,380,491
1.088,535
1,165.308
603.112
793,632
551,261
163,911
24,854.746
20,272,123,
11,181.438'
6,869,423
5.868,288
3,330,277
2.534,266
2,483,829
+22-6
+18-9
859,440
28-7
1.808,520
2,234,800
1,048.300
793.497
790,324
233,088
404,471
315.519
Lexington
728,770,741,
109.971,298
11.894,950
6.845,365
9.318.628
5,151,294
4,477.400
2,691, .326
Akron
Kalamazoo
~
107,523..577
Peoria
ToleJo
SprinjjUeld, 111....
856,531
771.444
626,054
261,200
867,679,737
95,069,501
4,161,400
1,670,038
1,391,909
126,573.1981
Indianapolis
Grand Rapids
Dayton
Evans ville
Youngstown
!
636,298,157
56,095,199
15,887,551
15,408,592
3,752,575
1,423,804
1,234,048
769,002
920,139
686,674
295,000
762,047,005'
63,582,042
18,532,319
14,613,181
3,013,451
1.418,671
1,357,839
363 900
"
416,580,211
50,344,690
11,418,263
10,164,322
3,489,424
1,237,479
1,038,634
665.794
671,977
495,702
227,200
496,333,696
59,767,721
3,137,800
1,537,944
1,137,766
974,882
972,949
1,117,363
425,101
414.602
273.622
69.759,250
64,437,296
8,283,200
4,493 017
5,375.454
3,738,987
2,917,500
1,386,890
1.420,397
1,587,962
624,346
476,033
17i9,976|
275,649'
232,700
239 948!
229,231!
163,946
255.763
^140^000
213,748
220,660
207,447
174,897
183,921
113.773
145,000
1
Week Ending September
Clbarinqs.
Rttums by Telegraph.
liladelphia.
—
•icago
liOUlS
sw Orleans.
Sevea cities, 5 days
her cities, 5 days
Total
all cities, 5
1 cities, 1
Total
The
days.
for week.
$696,563,647
79,363,987
57,092,457
18,246,909
81,538,963
19,601,530
4,351,798
San b'ranciseo
. .
P. Cent.
+6
+24
+21
+31
+ia
+11
—2
173,091,416
$340,750,571
146,081,246
+9
+19
$1,204,585,405
295,439,163
$1,085,831,817
230,613,974
+ 10
$1,316,450,091
+13-9
$l,031,473,98rf
.
day
all cities
1898.
$729,981,578
98,526,433
69,870,689
16,146,788
91,573,756
21,800,000
4,834,745
)8tOIl
.
2.
Salt
1899.
)w York
Utimore
Tot. Mid. West'n.
$1,500,004,868
I
+28
Lake City
Portland
Los Angeles
Seattle
Spokane
Tacoma
Helena
Fargo
Sioux Falls
Total Pacific
Kansas City
Minneapolis
Omaha
St.
Paul
Denver
Joseph
Des Moines
Davenport
Sioux City
St.
13,291,685
8,113.343
5,471,872
4,092,905
3,146,769
3,092.629
1,106,315
796,613
Topeka
727,288
518,557
Wichita
501,.361
Fremont
80,551
117.822
Hastings
the week covered by the
Tot. other West.
41,057,710
28,,346,494
x)ve statement will be given next Saturday. We cannot, St. Louis
New Orleans
5,,828,536
Louisville
7,,456,159
course, furnish them to-day, bank clearings being made
Galveston
2 845.150
2,,820,81
p by the various clearing houses at noon on Saturday, and Hou-<ton
Savannah
1,.948,779
'.....
JDce in the above the last twenty-four hours of the week Richmond
2,,621 147
Memphis
1 ,222,263
ive to be in all cases estimated, as we go to press Friday night. Atlanta
1 ,003,563
Na«hville
1 .055,265
We present below our usual detailed figures for the pre- Norfolk
929,448
Augusta
549.879
•ous week, covering the returns for the period ending with KnoxvlUe
440,7*4
Fort Worth
897,448
itarday noon. Aug. 26, and the results for the corresponding Birmingham
556,110
387,000
eek in 1898, 1897 and 1896 are also given. In comparison Macon
Little Bock
244,492
Chattanooga
268,079
ith the preceding week there is a decrease in the Jacksonville
210,135
^gregate exchanges of nearly seventeen million dollars, the
Total Southern..
59,637.543
Total all
,51 8.488,258
iin at New York being seven millions. Contrasted with
Outside N. York.. 545,820.116
le week of 1898 the total for the whole country shows Montreal
14,134.103
8,075,431
increase
1
of 24'9
per cent.
Compared with the Toronto
Winnipeg
1,751,775
Halifax
2,826,939
eek of 1897 the current returns reoord a gain of 44*0 Hamilton
637,356
St. John
693.979
jr cent,
and the excess over 1896 is 103-5 per cent, Victoria*
697,993
Vancouver*
046.355
atside of New York the increase over 1898 is 20'4 per oent.
Total Canada
28,119,583
tie excess over 1897 reaches 29'1 per oent, and making
)mparison with 1896 the gain is seen to be 65*6 per oent.
* Not included in totals.
full details of clearings for
132,371,604
16, 125,416
1,336,215
1,822,474,
999,362
768,9581
503,410!
601,0971
480,000'
47,771;
91,798
37,029
454,015
87,277
62,195
35,724,767;
22,001.389
5,121,220
5.115.947
2,908,550
1,911,146
1,609.788
2.658.324
1.011,4961
857,229
824.077
791,853
3»4,.365
447,972
887,402
355 991
293,000
263,451
293,145
186,188
11,579,191
8,575,615
12,763,256
836.379
963,922
770,000
502,459
348,312
528,601
463.362
156.669
37,226
17,370,186
28-4
516637;
-4-3
532,614,
-15-5
+10-3
-7-7
+89-4
+14-9
536,183
377,782
107,894
89.326
8,508,147
5,459,856
3,317,998
3,058,189
1,626.016
963,924
596,728
513,910
279,212
443,669
187,245
41,326
63.925
34,319,797
25,060,145
25,160,861
5 094,390
4.804,268
2.770,250
2 285,1231
1,463,314
1,621,815
17,352,948
6,242,657
4,225.548
2,396,950
2,563,311
2.099,748
1,500,501
917,414
810,987
672,476
692,127
643.703
374,280
358,494
298,326
4-18-1
--6-8
22-9
24-2
24-5
620,486,
760,727]
613,111'
22,721.732;
96,000,528
--28-8
--13-8
-^5-8
—2-2
+47-9
+21-1
-1-4
+20-9
--17-0
--280
--17-4
--42-9
+66-5
+321
4,663,028;
3,141.202
2,065,338!
1,179,064
800,0001
1,110,334'
860,485
890,684
754.686
446.052
500,697
565,298
394,268
560,000
213,128
272,702
145,879
50.8*4,232
-7-2
-8-5
+12-9
+24-4
+24-9 1.054.194.164
+20-4 421.896,407
--10-9
- -12-4
--34-3
10.9O3,2»4
5,800,000
1,181,K>((
188,868
210,325
182,000
41,730.668
746.254.543
329.674,262
9.504.608
5.187.955
1,249,140
1.000.807
968 239
645,958
+179-4
+10-2
+7-4
513.517
621.150
477,878
549,387
23,473,6441
+19-8
20,080.614
17,937,159
1
47,922.532,
1,215.378,795'
453,331.790!
12.747,213
7,186,013,
1,304,696
1,011,632
578.132!
THE CHRONICLE.
46t
There have been several developments which in
some degree have served to interrupt the smooth
working of Stock Exchange affairs the current week.
AmoDg these the chief have been the Transvaal situaThe
tion and a rise in call loans in this market.
former was attended on Tuesday by a fall in British
consols and by a decline in stocks at London, leading
to the selling of stocks here, and so operating as an
On Wednesadverse influence on our stock market.
day and since then the conditions between the Boers
and Great Britain have looked less strained and hostilities more remote; hence that affair has for the time
being ceased to be an active influence; though so long
as a settlement is delayed the market cannot be
wholly unmindful of the possibility of a rupture.
The higher rates for money have also had some
No doubt ever since
effect in checking operations.
the stringency in July money has been a source of
same
was about $279,000,000. Here is
$19,000,000 accumulated during the summer, all of
which certainly could be put out. If the ordinary
disbursements do not prove sufficient, a bond purchase
would do it. At all events, with an inflow from
Europe as a resource if rates of interest here get high
enough to command it, and an outflow from the
Treasury among the reasonable probabilities, there
does not seem to be sufficient ground for nervousness.
And yet money is likely to rule higher the next four
months than it has in past months.
the
THE FINANCIAL SITUATION.
[Vol. LXIX.
total
The returns of railroad gross and net earnings now
being received for the month of July (in the case of
most companies the first month of the new fiscal year)
make it evident that that month will rank, for amount
j
improvement, among the Dest in railroad history.
The activity of trade and the magnitude of the grain
movement have combined to produce some really
remarkable increases. All the returns made public
this week will be found in our railroad news department in the usual place, and we will make mention
here of only a few of the more prominent companies.
The Atchison added $436,173 to its gross earnings,
for the month (as compared with the same month last
year) and this being accompanied by a decrease of
$62,247 in the expenses, the addition to the net was
$498,420, the latter an increase of over 100 per cent,
The Burlington & Quincy has enlarged its gross by
$764,081, its net by $447,657, the improvement in this
of
|
'
This condition prevails, as is well
known, not because of present rates but because of a
future contingency. The total reserves of the banks
are now much smaller than they were two or three
months ago and the surplus is also materially less;
as added supplies are presumed to be needed for crop
and business purposes through the fall, this presumption keeps opinion in a condition easily
Tuesday call money was no
to be disturbed.
higher than it had been the previous week,
but the average of money loaned was higher; more- last instance being nearly fifty per cent. The Milover on the same day the Treasury receipts indicated waukee & St. Paul shows an even larger addition to
a pajment of $3,210,000 for the old Customs House the gross than the Burlington & Quincy, having improperty, and this gave plausibility to the idea proved on last year's total in amount of $849,284 ;"there
that the upward tendency was due to the withdrawal was in this instance a heavy augmentation in the exof this amount from the banks into the Sub-Treasury. penses, yet even after that the net is $1,140,058 for
better
It had been forgotten by some that the payment was the present year, against but $882,521 in 1898
The Canaa transaction of last week that it was completed on by nearly one-third, it will be observed.
August 19 by the City Bank giving a check for $3,- dian Pacific reports an expansion of $334,262 in gross
095,000 (a check for the balance, 1115,000, of the and of $242,272 in net. From the South we have the
purchase money having been deposited at the time of return of the Louisville & Nashville, with a gain of
purchase), which check for $3,095,000 was subse- $338,553 in gross and of $217,123 in net, the latter,
quently deposited in the City Bank, United States roughly, 40 per cent. The Mexican Central is favored
bonds having been previously given the Govern- with an increase of $357,384 in gross and of $209,350
in net, which last exceeds 60 per cent.
ment as security for the money.
But the most striking instance of improvement, as
Probably the higher average for call money on Tuesday and the higher rates not only for call money far as amount is concerned, is furnished by the Pennsylbut for time loans since have in large part been a re- vania Railroad. This is the largest system in point
By reason of its disult of arrangements making for the first of Septem- of income in the United States.
ber payments; as Monday is a holiday, contracts for versified traffic it is also generally regarded as typical
At present it is being
loans have to be extended to Tuesday. It is also quite of the country's industries.
likely that the Cltaring House institutions have the favored in a double way
by the great activity of gencurrent week lost reserve again; at least our figures of eral business and by the wonderful prosperity of the
bank currency changes at the close of this article show iron and steel trades, whose leading districts the
that result. Altogether, too, we think it a conservative Pennsylvania lines completely grid-iron.
The magestimate to assume that our developing business and nitude of the grain movement must also have recrops will take out of the New York banks the dounded to the advantage of the road, especially on
current fall as much or more currency than they the western part of the system. At all event?,
imposing propordii last year. If that be so, we must have some the increases shown are of
new supplies or we shall be short. The weakness in ex- tions. On the lines east of Pittsburg and Erie
change this week suggests one channel through which the gain in gross amounts to no less than
very likely new supplies may come. We are aware $919,400, on the lines west of Pittsburg to 1759,200,
that some of our foreign bankers are of the opinion making together $1,678,600 all for a single month
that not much gold will reach the United States from And this covers merely the lines directly operated,
Europe this year. If that prove correct, the need will not those controlled but separately operated. The
have to be supplied by the Treasury, and it is a favor- gains in net are more moderate, being $129,700 on the
able circumstance that the Treasury has a supply. Eastern lines and $331,400 on the Western lines, or
It is proper to say the increases
Its net currency holdings on the first of June 1809 $461,100 together.
were $260,399,770, whereas on the first of September the present year follow some decrease last year, though
sensitiveness.
,
—
;
—
—
!
t
1
j
,
September
2,
THE CHRONICLE.
1899.]
only of small amount. On the Eastern lines there
was then a loss of 1318,100 in gross, which, however,
was oifset by a gain of $193,700 on the Western lines,
leaving only $124,400 decrease on the combined system. In the net there was then $110,300 decrease on
made
465
Every further decline is
met by an increase in the volume of traffic to serve as
an offset to the shrinkage in rates, while at the same
time new economies are introduced, making it possiis
about them.
ble to reduce
the cost of rendering the service per
the Eastern lines and $63,200 decrease on the West- unit of work. This is just what the Buffalo Rochesern lines, or $173,500 together. The following is a ter & Pittsburg did in the late year. The rate fell
aix-year comparison for the Eastern lines the only from 4"23 mills to 4'12 mills, but the traffic was inpart of the system for which we can make such a com- creased sufficiently to overcome the loss on that ac-
—
18(1 5.
1894.
4,759.3»5
3,360.509
count and leave a small gain in earnings. As to the
economies in operating, the train-load was further
raised and averaged 407 tons.
What an excellent
showing this is will appear when we say that
the Chesapeake & Ohio's remarkable average in the
1,408,816
same
parison.
Likes east or
PrrrsBURO.
1899
1898
~
Jull;.
Crross earnings
1897.
1816
8
$
3.480,395
5,2E 8,595
Operat'K expenses. 4.250,564 3,460.864 3,668,664
3,795.0d4
6,415,395
?,«55,66J
1.462,631
1,560,831
Net piimingg...
8.081 ,695
1,831,131
5,162,29f
1,701,431
1,811,731
fiscal year,
to
which we directed attention in
our issue of August 12, was 425 tons. Under such
circumstances it is hardly necessary to say that the
Net earnings. IP.314.481 10.240 181 in.?03,08i e,97P,l87 0.205,187 8.279,635 income account makes
a very favorable showing.
The company was able to meet all its charges, apply
Enlarged dividend distributions by our railroad $103,719 to extraordinary improvements, and pay two
transportation companies are still the order of the day. dividends of 1 per cent each on the preferred shares,
The Union Pacific Kailroad has made its semi-annual amounting to $120,000, and yet carry forward a surdividend on the preferred shares this time 2 per cent. plus balance on the operations of the twelve months
The dividend last April was only 1^ per cent, as was of $269,951. The result would have been even better
that paid in October 1898, which was the first pay- except for a strike at the coal mines towards the close
ment made on these shares. The Rio Grande West- of the year.
ern, we observe, announces another dividend on its
In reviewing twelve months ago the annual report
common shares. This dividend, like that last year,
is to be paid in preferred stock, and the amount of the Chicago Great Western Railway for 1897-8, we
this time is to be one per cent.
Payment in stock had occasion to comment upon the favorable results
is a conservative way of giving stockholders a return achieved in the management of that property, both
while leaving the earnings which the stock dividend from an operating and a financial standpoint. We
represents available in other ways.
The Rio Grande have now been favored with an advance copy of the
Jan. 1 to July 31
Gross earnings
3?,230,606 36,526,606 35,060.006 35,563,870 34,974,170 31,007,503
Operat'g expenses. 28,91 ,125 28,285.42? 24,776,825 26,588.683 25,768,088 22,727,868
year ended June 30 1899, and it
shows further decided progress in the same direction.
The record of mercantile failures continues to re- Perhaps the most noteworthy feature is that with au
flect excellent business conditions in showing a great addition of $481,696 to the gross earnings of the
falling off in the number of disasters as compared twelve months, the augmentation in expenses was
with corresponding periods of other years. Ool. W. only $166,144, thus leaving a gain of $315,552 in the
M. Grosvenor has furnished us a copy of the state- net. Taxes, unfortunately, were $31,000 larger than in
ment of the failures for August to appear in "Dun's the previous year, but this still left an improvement
Review" of to-day. It appears that during August of $284,552 in the net an addition of almost 20 per
1899 the number of traders who came to grief was cent. The road was operated for only 67 '21 per cent,
only 614, against 74S in the same month of last year, against 70-13 per cent in 1898, and against much
921 in 1897 and 1,107 in 1896. The liabilities higher ratios in the years preceding.
To show the
extent
of
the
change that has been effected in this reamounted to but $5,789,091 in 1899, against $6,078,-
Western has always been a well-managed property.
report for the
fiscal
—
655 in 1898, 18,174,428 in 1897 and $28,008,637 in
1896.
While these totals are not the smallest of the
year both July and May having shown even lower
amounts they nevertheless show a very encouraging
state of things.
As a matter of fact, prior to last
—
—
gard,
only necessary to recall that in both 1893
and 1895 the operating ratio was over 77 per cent.
it is
The transformation that has been worked in the prospects and condition of the property in the short space
two years, as the result of the revival in trade, the
May, as Col. Grosvenor points out, there had never large crops and the economies in operating, is really
been so small failures as in August in any month of quite remarkable. In 1896-7 gross earnings were l^the seventy-one covered by the records in "Dun's 680,859; in 1898-9 we find them up to $5,867,739. In
the same two years the net has risen from $1,253,271
Review.''
of
to $1,924,223.
We
What is, however, particularly gratifying and promPittsburg Railway Company. ising is that the management think that the property
This is one of the roads in the bituminous coal sec- can be hereafter operated for an even lower percenttion of the country, where rates would obviously be age of expenses to earnings.
President Stickney
low any way by reason of the character of the traffic, takes pains to point out that the benefits to accrue
but where increasing competition is gradually wearing from the large outlays made in improving the condithem down to almost nothing. There was a further tion and standard of plant are only just beginning to
decrease the late year in the average realized, which be realized.
He says it is confidently expected that
4*12
is now only
mills per ton per mile.
Such low when the improvements now contemplated are comfigures present problems of management which but a pleted, the percentage of expenses to earnings will be
print on another page the annual report of the
Buffalo Rochester
&
few years ago would have baffled the most ingenious reduced to 60 or
minds among our railroad men. Now they are that out of the
treated as common every -day mattere, and no ado pany
was able
less.
The income account shows
earnings
to
pay
the year the comonly
not
the
full
of
THE CHRONICLE.
466
[Vol. LXIX.
debenture average about 3^ per cent. On Monday and on Tues'
stock, but 4 per cent on the 5 per cent preferred day loans were made at 3^ per cent and at 2f per cent,
stock "A," and even then carried forward a small with the majority at 3 per cent.
On Wednesday and
credit balance, namely 19,154:.
As a matter of fact, on Thursday the transactions were at 4 per cent and
the balance would have been 1132,329 except that a at 2f per cent, with the bulk of the business at 3 per
credit to Renewal Funds amounting to $123,175 was cent.
On Friday the borrowing was until Tuesday of
included in the expenses. During the new fiscal year next week, Monday being a holiday, and the range
it seems not unlikely the company will be able to pay was from 4 per cent to 3 per cent, with the majority
dividends on the 4 per cent preferred stock B. At of the loans at 3^ per cent. Banks and trust companies
least that seems a not unreasonable conclusion, con
quote 3 per cent as the minimum. The inquiry for time
sidering that all the indications point to a continued contracts for sixty to ninety days is quite small; the deexpansion in the road's traffic, that Mr. Stickney mand is chiefly for longer periods.
In the absence
thinks a further reduction in the operating cost can of demand the rate for short loans continues at 4 per
be effected, and that for July, the first month of the cent, while the quotations for four to six months are
new year, gross was 1486,500 in 1899, rigainst $391,126 4^@5 per cent on good mixed Stock Exchange colin 1898, and net, $156,486, against $105,754.
lateral.
One of the large down-town banks on Wednesday made a loan on the above-named grade of
The bank return of last Saturday disclosed a striksecurity for six months at 5 per cent, and this instiing feature.
We refer to the increase of $9,065,000
tution declined to loan at less than 4^ per cent for
This was really the dominating factor in
in loans.
four months.
One notable feature of the commercial
the entire statement.
The gain in loans and the net
paper market is the quite moderate offerings of what
loss of $970,300 in cash were mainly the cause of the
are known as bills receivable, and it is asserted that
net increase of $6,934,100 in deposits. This gain in
there is but one house which is making this class of
deposits called for $1,733,525 more of required reserve,
paper, and even this house is doing very little in this
which added to the loss in cash as above noted made
4
per
cent
on
the
4
per
cent
that item at $12,378,525.
An
examination of the detailed return shows that the most important changes
in loans, specie and deposits were recorded by the
National City Bank, this institution gaining $8,900,000 in loans and $4,280,000 in specie, which together
accounted for the increase of $7,150,000 in its de
posits.
Part of the gain in deposits by this bank was
doubtless due to the depositing on August 19 by the
Treasury Department with the City Bank of a check
for $3,095,000 drawn by this bank to pay for the
Customs House building and site, which were bought
by the bank July 3. This Government deposit must
have been promptly loaned, thereby inci easing the
loan line of the bank as above noted.
The gain
in specie probably
resulted from the exchange
or other operations of the bank, for the return to
the bank for collection and deposit of the check
above mentioned should not have affected the cash
items of the bank either way. It may be observed
that twenty of the larger banks recorded a net gain
of 17,870,000 of the $9,056,000 loans reported by all
the banks in the Association, and indeed there were
but six of the twenty banks which reported decreases
in loans, and these only for comparatively small
amounts. The largest increase in specie was by the
City Bank as above noted, and the greatest losses in
this item were by the Hanover, $1,560,000, and the
First
National, $1,760,000.
The majority
of
notes.
line
of
fair,
while the
a decrease of $2,703,825 in surplus reserve, leaving
The supply of single names is only
demand does not appear to be at all
urgent, either from city or from out-of-town buyers.
Quotations are
day endorsed
4^@4^
bills
per cent for sixty to ninety-
receivable,
4^@5
per cent for
good four to six
prime and 5|@6 per cent for
months' single names. Money has been moving to
New Orleans this week and abouL $250,000 in silver
dollars has been forwarded through the Treasury,
deposits being made by the banks at the New Yo:k
On Wednesday one of the
office for this purpose.
large banks reported shipments of money in quite
imp rtant amounts to the West and Southwest, but so
far as could be ascertained the movement was not
general and other large banks reported only moderate
shipments.
There continues to be somewhat of a feverish feeling in European political circles in consequence of
the tension between the British Government and
that of the Transvaal Republic, but there were indications toward the end of the week that a crisis would
The Bank of England minimum rate of
be averted.
discount remains unchanged at 3^ per cent. The
cable reporto discounts of sixty to ninety day bank
London 3| per cent. The open market rate
bills
at Paris is 2f per cent and at Berlin and Frankfort
According to our special cable
it is 4| per cent.
from London the Bank of England gained £694,142
the
bullion during the week and held £35,733,546 at the
m
twenty larger banks reported decreases in specie.
Our correspondent further adclose of the week.
The banks, other than the City, reporting important
vises us that the gain was due to the import of £754,gains in deposits were the Republic, $1,300,000, and the
000 (of which £665,000 were bought in the open marAmerican Exchange, $1,540,000, these increases in
ket and £89,000 were from Germany), to the export
each case being due to augmented loans and specie holdof £50,000 (of which £40,000 were to the Continent
ings. Taken as a whole the statement was favorable.
and £10,000 to Santos) and to shipments to the inThe market for money has been firmer this week. terior of Great Britain of £10,000 net.
The
firmness was
first
noticeable in the call
loan
The foreign exchange market has been extremely
branch of the market, but has since extended to
time money.
We have in the earlier part of this dull and declining this week. Spot commercial bills
article referred to influences contributing to this have been in very light supply, but there have been
condition.
Money on call, representing bankers' moderately large offerings of bills for future delivery.
balances, has loaned at the Stock Exchange during The tendency has been toward ease, especially for
the week at 4 per cent and at 2f per cent, with short bills and for cables, while long sterling has beeQ
There does not seem to have been much
the bulk of the business at 3 per cent and the steady.
September
THE CHKONICLE.
2, 1899.]
sixt-y-day bills for speculation, or to cover
drawing of
with cotton or grain drafts later in the season, though
this is the period of the year when such operations
The receipts of gold at the
are usually the largest.
Custom House during the week were $415,912; of this
467
TUB TRUSTS AND THE ELECTORATE.
It has already
become pretty plain that
at least part
of the attack of the opposition party in this
autumn's
will
against the so-called
be
"
not
believe
do
that
trusts."
We
the demonstration
$318,138 foreign and $10,000 American were from
Havana. Thesteamer Mariposa left Sydney, N". S. W.^ now beginning in that direction is wholly due to the
fact that the year's great industrial combinations
on August 30 for San Francisco with $900,000 gold.
Nominal rates for exchange were unaltered until either have harmed or are expected to harm the
Wednesday at 4 84 for sixty-day and 4 87^ for sight, people at large. In fact, the platform- makers, like
but thereafter the latter ranged from 4 87 to 4 87|. the economic critics, have been more than usually shy
Eates for actual business opened on Monday un about bringing against these concerns specific indictchanged compared with those at the close on Fridi.y ments of restraint of trade.
But the ^'trusts" are available as campaign material,
of last week, at 4 83@4 83i for Ions:, 4 86i@4 86 1 for
The market was from the politician's point of view, largely because
short and 4 87@4 87i for cables.
dull and generally easy, and it remained without on other "issues" political sentiment is so curiquotable change until Thursday. Then it became ously confused. Few public men, in the West especiweak but toward the close it grew steadier. The ally, are ready to take the risk, with their constituonly change in rates for actual business was a reduc- ents' sentiment still uncertain, of opposing flatly the
tion of one-quarter of a cent for short
directed
elections
and for cables Philippine policy
of the
Administration.
The
tariff
laid upon the shelf
and to 4 86f@4 87 for as a political issue was
people
discovered
that
the
the United States
when
the latter, long sterling remaining at 4 83@4 83:^.
The tone was steady on Friday. The following shows could make competitive goods and under-sell Europe
As for the curdaily posted rates for exchange by some of the leading with them in competitive markets.
,0 4
86@4 86i
tacitly
for the former
drawers.
MON.. TUES., Wed., Thur.. Fri..
Aug. 28. Aug. 29. Aug. 30. Au^. 31. Sept. 1.
FRI.,
Aug,
Brown Bros.
S
i
5
Magoun & Co..
Bank British
No. America...
.
of
Montreal
Canadian Bank
of
Commerce.
Merchants' Bk.
of Canada
{Sight....
84
84
84
84
S7^
87Ji
87^
84
84
87^
87)4
87J^
84
87J^
84
84
84
84
8714
87>i
87^
84
84
.
84
87J4
87^^
87J^
.
4 87>^
(Sight....
4 871^
87J^
84
S714
5«0days.
484
)
Heidelbach, Ick
elheimer & Co,
LAzard Freres.
484
4 871^
484
4 87^
1 Sight....
484
5 60 days.
Baring,
Bank
60 days,
Sight...
60 days.
25.
60 days.
484
84
84
84
87)4
87^
87JiJ
84
87)4
84
84
84
4 87^6
87^
87«
87^^
60 days.
84
84
Sight,...
87Vi
87^
84
84
84
87
84
87
84
87
87^
87«
87^
J
60
i
Sight....
484
4 87«
(60 days. 484
1
J
S7i4
84
4
Sight....
The market
4
87Ji^
was steady on
whose opposition may profitably be avoided. Indeed,
the idea of conducting a campaign based on the
'^ scarcity of
money "at a time Avhen the farmers
are accumulating wealth and the Western banks
are discounting paper in the East, does not appeal to politicians with experience and a sense of
humor.
It is this situation, undoubtedly, which has brought
the so-called ''trust question " under the favorable
84
87^
days, 484
(Sight....
rency question: that, it is true, reappears in many of
the early platforms of 1899; but usually in a perfunctory way, and always with a protest from some quarter
87«
with rates
As it happens, the
notice of opposition conventions.
for actual business 4 83@4 83^ for long, 4 86@4 861
wholesale incorporation of manufacturing industries
Commercial
for short and 4 86|@4 87 for cables.
into single concerns has coincided with a rapid
on banks 4 82^ @4 82f and documents for payment
advance in commercial prices. The majority of intelliCotton for payment 4 81f@4 82, cot4 81f@4 83.
gent people, in the Eastern sections at least, understand
ton for acceptance 4 82^@482|and grain for payment
that these two phenomena are not related as cause
4 82|@4 83.
and effect ; that the consolidation of rival mills and
The following statement gives the week's movement the rise in value of their product are due to independof money to and from the interior by the New York ent causes ; the one to an unusual plethora of investment capital, the other to an almost unprecbanks.
For ourselves,
edented demand from consumers.
Received by
Shipped by
.Net Interior
Week Ending September 1, 1609.
certainly
hold
this
opinion.
In
common with
N. Y. Banks. N. Y. Banks.
we
to
Movement.
$3,871,000
Currency.
$7,141,000
Loss. $3,270,000 other students of the year's events, we have observed
494,000
Gold
611,000
Loss.
117,000
that the upward tendency of prices is even more
$4,365,000
Total gold and legal tenders.
$7,752,000
Loss. $3,387,000
marked in Europe than in the United States ; that
Kesult with Sub Treasury operations and gold imports.
the eager demand for export of the American surInto
Out of
Net Change in
plus products has repeatedly forced up home quotaWeek Ending September 1, 1899.
Banks.
Banks.
Bank Holdings.
tions ; that the rise of prices is equally remarkable
$7,752,000
Banks interior movement, as above $4,365,000
Loss. $3,387,000
in products, like lumber, which are not controlled or
17,400,000
20,400,000
Loss. 3,000,000
affected by a "trust;' that the general and well$21,765,000
$28,152,000
Loss. $6,387,000
Total gold and legal tenders
The following table indicates the amount of bullion known increase of laborers' wages has necessarily
added to the cost of production, and therefore to the
in the principal European banks.
selling price ; and, finally, that an immensely inAugust Si 1899.
September 1, 1898.
creased demand, home and foreign, is visible even in
BoMk of
Silver.
Total.
Gold.
Gold.
Silver.
Total.
markets for the agricultural staples.
£
£
£
These facts, we say, convince us that the "trusts"
England
France
Germany ....
35,733,546
77,076.612
28,374,000
Friday,
35,733,546 35,,003,218
35,003,218
,899,305 124,975,917| 75, 367,894 49,860,279 125,228,173
,617,000 42,991.000! 28,,352,000 14,605,000 42,957,000
94,344,000
KusBia
Aust.-Hung'y 36,719,000
12,960,000
Spain
,255,000
99,599,000109,,495,000
,723,000
49,442,000! 34,,998,000 12,628.000
,692,000
26,652,000, 10,,514,000
15,529,000
,394,000
16,923,000
14,,958,000
2.742,000
,039,000
8,781,000|
4 ,309,000
6,877,000
11,186,000
2.894,000
,447,000
4,341,0001
2,,853.000
1,427,000
4,280,000
Italy
Netherlands..
Nat.Belg'm...
4,376,000 113,871,000
47,626,000
5,483,000 15,997,000
2,094,000 17,052,000
Tot.tbi8 week 306,372,158! 103066305 409.438,463 315,650, 112 97,350,279 413,200,391
Tot. orev. w'k 305.916.192' 10.38128a5 409.729,027 317. 1 07.960 98.002..577 415.110.537
have not arbitrarily put up prices; the exceptions, of
which there are a few, being so marked and conspicuous as to prove the rule. But it is not so easy to
convince the more ignorant portions of the community. The post hoc argument is always attractive,
largely because it does away with the labor of
thorough reasoning.
From
a political point of view.
THE CHRONICLE.
468
campaign managers doubtless
recall that a large
p^bL, LXIX.
body
This danger would be peculiarly imminent in companies organized on lines repugnant eveE,- to the new
and that theory of consoli-dated industrial capital. We greatly
of citizens argued in 1896 that times had been hard,
ihat silver
therefore
coinage had been restricted,
the restriction caused the hard
times.
Leaders in search of agitating ''issues" cannot, for
obvious reasons, apply this argument now to the silver question; but they may deem it possible to use a
similar chain of reasoning in their new campaign
^polemics.
The
the " meat trust " so
much
talked of latel-y
in the newspapers cuts any such figure as the popular
mind imagines; but we should' deem a complete organization of the kind a danger both to itself and to
the consumer, simply because the immense economies
if
possible in the iron business, for example, are out of
how
State platforms already framed show
political
doubt
The very' Western
which are crying out against the oppression
might be expected, a good deal of of the Eastern trusta have repeatedly entertained the
undertaking
is
progressing.
The
*'
this
trust
planks '' display, as
confusion and uncertainty in their general statements
on the question. In Iowa the trusts were accused,
in a party convention two weeks ago, of ''artificially
limiting production." In Kentucky the opposition
the question in the cattle trade.
sections
idea of an alliance of the farmers for the purpose of
up the pric«
wheat and cotton.
Were such an enterprise possible, it would be the most
mischievous and wrongful trust ever organi^d on thisconvention of last June ascribed the rise of the trusts continent. We have not been able to approve the
to "the demonetization of silver, by which the volume logic of the promoters who plan to combine the cotof currency has been kept below the demands of busi- ton mills into a single indu&trial corporation.
The
"
ness." In Mississippi
encroachment on Government financial dangers of such an enterprise iE* a. business^
affairs" is charged against the trusts.
These views where personal credit and local information has sO'
of the question are obviously crude and show long governed the banking aperations of the trade,,
mo great acquaintance with the real nature of would be very serious, and the temptation to arbitrary
the problem.
But almost without exception, the restriction of the price greater, perhaps, than in any;
declaration that the trusts are artificially raising other manufacturing industuy.
prices appears in a convention's statement on the
We think the producers in these varioua- trades unarbitrarily holding
of
derstand this phase of the situation. The proposiWhen the movement is likely to be brought in this tions which really threaten harm to the banking
ahape before the public, it is important to see that the community and the consumer emanate £ix)m the re&tenterprises tbemselves can make a good showing if less brains of promoters.
How much mischief the
put upon examination. We think, as we have said, reckless haste of some of these adventurous spirits has
that disproof of the allegation that these combinations done already cannot be measured until their comare organized to put up prices is not difficult. Taking panies, already in the field, are submitted to the test
problem.
the so-called " trusts" as a whole, it seems to us easy of genuine hard times and contracting markets but
to show that even in these days of advancing com- the investor in new industrial enterprises now-a-days.
mercial values the industrial combinations have is weighing the matter carefully.
Meantime, however, it ought to be the part of in*
tended rather to restrict than to emphasize the advance in prices. In the somewhat similar price move telligent editors, speakers, and economic writers, U>
;•
ment
of 1879 and 1880, for instance, there were no
combinations
of capital in the field, and the
such
for
the staple commodities ran wild
markets
in a degree hardly conceived of this year.
Prices
were carried far above the foreign level. Imports of
pig iron rose from 87,576 tons in the fiscal year ending June 30 1879 to 754,657 tons in 1880; railroad
iron imported in 1879 was only 2,611 tons; in 1880 it
was 152,791; in 1881 it reached 302,304. Let this be
contrasted with the showing for the current year.
point out the truth about the existing organizations,
The
ganization
figures for the first seven
months
of 1899,
soundly and properly organised.
The critic may not like the trusts ; but if he is honest,
his dislike ought not to lead him to recite the arguments of the 1886 and 1888 campaigns, that these
companies are forestalling markets and arbitrarily advancing prices. Trusts as well as private individual^
have learned some useful business lessons since the
hard times which followed 1S93, and if control or
artificial forcing up of prices played a part in the orso far as they are
made
public this week, show imports of 14,499 tons of pig,
.^.gainst 16,076 for the corresponding period of 1898,
It
Of bar iron 22,657,174 pounds have come in, as compared with 22,694,457 in the same seven months a
year ago. Tin plates, steel sheets, wire rods in fact,
nearly all the iron staples similarly show a decrease:
yet this is something which could not possibly have
happened if American prices had been raised this
season by the corporations to an arbitrary and unwar-
States
porations.
the
to
us
legislation
is
and blind
trusts
before
that
time,
now abandoned
that
the
mooted
so-called
in
as certain to be futile as
legislation could be.
some
in-
the idea.
"antiinterior
any ill-grounded
They
certainly can-
not force the "trusts" to reduce their selling prices
when those prices are still at the level of an urgent
home and foreign demand. If, on the other hand,
they were to refuse to these companies the right to do
business in their States, precisely what would be the
ranted price level.
The danger to the " trusts," from this point of
view, is chiefly traceable to the promoter's door. If
any such companies have been recklessly over-capitalnot now but in
ized, a strong temptation may come
a future and less favorable market to attempt exactly
what the companies are wrongly accused of now. The
attempt, we think, would bring its own penalty
something which no one recognizes more clearly than
the managers of the properly-organized industrial cor-
—
seems
trust"
—
—
of
telligent organizers have
profit of
the people of such localities
?
Doubtless
they might start local manufactories of their own,with
such results as might be expected. So some interior
State might conceivably have refused right of way to
—
the great railway combinations of 1880 and 1881, and
continued to do business with local lines beginning
and ending nowhere in particular. The gain to the
consumer in the one case would be about as
great as the gain to the traveler or shipper in the
I
other.
i
Seppember
2,
THE CHRONICLE
1899,1
469
lion miles (505,114 miles) in the miles
run by freight
In other words, the freight train-load has
The New York Central annual report is issued with again been increased, and it now averages 322 tons,
commendable promptness and reaches us this year counting only revenue-earning freight, and 346 tonff^
earlier than ever before.
The report will be ready including company freight. This is a remarkably
for distribution to the shareholders in pamphlet form high average.
Some persons who talk about the subto-day, or within about two months after the close of ject without knowing anything
concerning it may
the fiscal year. Proof-sheets have been in our hands point to the record of 425 tons made by the Chesafor several days, and President Callaway's remarks are peake & Ohio in the same fiscal year and
draw from
dated August 24. Considering the magnitude of the it conclusions unfavorable to the Central. But the
system's operations (its gross revenues exceeding 4G conditions under which the two
systems are operated
million dollars) and th-e comprehensive details con- are entirely dissimilar.
The Chesapeake & Ohio
tained in the report concerning all branches of the aside from
the
advantages
possessed
in
the
company's affairs, this is obviously quick work.
matter of the character of its traffic^ is chiefly all
Speaking in a broad way, the showing made in the re- main line. What makes the Central's record
really
port is highly satisfactory viewed from whatever stand- remarkable is that only about
440 miles out of the
point.
The traffic results, the operating results and 2,395 miles operated consist of main line. The
Lake
NEW YORK CENTRAL
REPORT.
the financial results alike afford gratifying evidences
of
improvement and
progress.
The
public, no less
trains.
Shore, which for the calendar year 1898 reported
an average of 352 tons, is much more favorably situ.ated in this respect. An item is added in the Cen-
than the shareholders, have reason to feel pleased
•with the outcome, for the result has been obtained
in face of another decline in the average rate
•realized
on the company's tonnage.
Translated
into ordinary language, this means that the road
has served the public at still lower charges than
before.
At the same time the service has been
further improved, and is better than it has ever been
which in the Central's case is saying a good deal.
There have been increased economies in operating,
and while this has been a distinct advantage to th«
shareholders, being absolutely essential to the successful conduct of the road, this further drop in rates
ried empty.
has no heavy
makec
particular.
—
clear that the benefits have not all accrued
to the -stockholders, but that the public has shared in
them
it
no small degree.
Few persons realize what low average rates the
•Central receives for its immense tonnage.
While the
road hac a considerable tonnage in coal, it is not a
in
report to show the train-load on through freight
on the Central main line alone, and it appears from
this that the average there amounts to no less than
tral
750 tons.
The
fact that the Central has
coal traffic proportionately as
no such large
some other systems also'
operates to its disadvantage in the matter of a higb
average train-load.
On the Beech Creek, where the
traffic is almost exclusively coal, the train-load
averages 620 tons. Furthermore, about 60 per cent of
the cars returning west on the Central have to be car-
Unlike the Pennsylvania, the Central
movement
of coal to help
it
out in this
The
record of 322 tons for the Central is thus a
strikingly good one.
In 1894 the average was but
249 tons. What has been accomplished through this
addition to the train-load will appear when we say that
consequence of the larger amount, of freight cardoes not ried in the trains the latter earn
more money than they
predomina'te in fact, far from it. Hence one does not did before,
notwithstanding the great decline in rates
look for very low rates. It will therefore be a surprise in the interval
to which reference has already been
to most persons to hear that with the further decline made.
The earnings per-train mile in 1899 were
in the late year, the system realized only 5*9 mills per $1-90,
against only $1-83 in 1894.
The expense per
ton per mile (if ty-nine hundredths of a cent) on its train-mile
was at the same time reduced (even though,
entire tonnage, both high-class and low-class, of five as we
shall presently show, very exceptional
amounts
thausand million ton miles. Nor does this embrace were spent
for improvements), and as a consequence
the lines west of Buffalo. The Central owns and con- the net
profit per train-mile run averaged 59 cents
in
trols 6,744 miles of road, but the operating results are
1899, against but 47 cents in the earlier year.
Herebased entirely on the Central system proper, namely then we
have the secret of the success attending the;
the lines east of Buffalo. As recently as 1894 the more recent
management of the property.
average was still 7*4 mills per ton per mile, thus showAs far as the income account is concerned, theing a reduction of 1| mills, or over 20 per cent, in showing
comes fully up to that foreshadowed in the
the short space of five years. Had the road been able early
preliminary return, which we reviewed in our
to obtain on its 1898 9 tonnage the average rate issue
of June 24.
In fact, the result is somewhat
realized in 1893-4, its freight revenues would have better,
the early figures having beeL under-estimated..
been over 7^ million dollars larger than they have The
statement shows $5,615,051 available for the
actually been— from which one gets an idea of the loss stock
on the operations of the twelve months after
involved in this shrinkage in rates.
deducting the usual contribution of 1300,000 to
the^
When we undertake to discover how the manage- sinking fund for the
redemption of the gold debenment found it possible to maintain a prosperous ex- tures of
1890.
This 15,615,051 is equal to 5-6 per
istence in face of the continued decline in rates we cent
on the stock. Dividends, as is known, have been
meet with some excellent illustrations going to show
4 per cent. The result has really been more favorable
Iwhat new methods are doing for this wonderful than those figures
indicate,
property.
We might content ourselves by citing see, very large amounts since, as we shall presently
were spent for improvement^'
simply the figures for the last two years. The road and
betterments and included in expenses.
moved two million more tons of freight (2,013,116
Gross earnings for the twelve months
increased
tons) in 1898-9 than in 1897-8, and it moved nearly
only $410,417 as compared with the twelve
months
196 million tons more one mile.
Yet this additional preceding. Bat in the
first quarter of the fiscal year
work was done with an actual decrease of half a mil- there had
been a tZecrease of 1884,551, due to the
•distinctivdy coal road; that
—
is,
the coal
traffic
as a
^
THE CHKOMCLE.
470
[Vol. 1.XIX.
an inquiry, with a view to suggesting
great contraction in the grain movement during those pose to conduct
prevent or to decrease the number of trolley
three months for reasons often stated in these col- means to
We see the year's grain tonnage fell 60,391 car accidents. Even if no remedial measures are to
li mns.
from such an examination, it will doubttons behind that of 1897-8. The loss of 1884,551 in be looked for
Avhile to have the causes of the accithe gross revenues of the first quarter was more than less be worth
into and set forth by an imovercome subsequently, it will be observed. Later in dents carefully examined
Whatever the outcome of this inquiry,
the year there were some other drawbacks, such as the partial body.
would affect only one State, and it
delay (owing to the severity of the winter season) if undertaken, it
as if the companies themselves must soon
in the resumption of Lake navigation and the Buffalo would seem
take up the question as to whether
It is obvious, however, that the most systematically
labor troubles
and effective steps cannot be devised to
serious adverse element was the decline in rates from some decided
The freight decrease the liability on this account.
6-1 mills per ton per mile to 5-9 mills.
The great importance of using every possible means
earnings increased only $33,834, or but a fraction of
record does not need to be arone per cent. On the other hand the tonnage trans- to lessen the accident
It is imperative both
rather a truism.
ported, as already said, increased 1,953,035 tons or 8i gued, but is
public considerations and motives of huper cent, and the tonnage one mile increased 158,895,- from broad
for reasons of self-interest on the
713 tons, or 3^ per cent. It is worth pointing out manity, as well as
A few large damage claims
railroads.
that the gain in traffic came entirely from the local part of the
dividends on small roads, and they
tonnage, which was 2,341,161 tons larger than in will eat up the
important percentage of the expenses of large
1897-8, the through tonnage having fallen off 388,126 form an
which are forced to maintain a more or
tons which makes the shrinkage in rates all the companies,
expensive bureau to look after the
more significant, clearly indicating a cheaper ing of less elaborate and
accident claims arising.
the service to local patrons. The passenger earnings numerous
In dealing with most of the cases involving such
increased in a very substantial way, thus reflecting the
claims, the trouble met with at the outset is that they
revival of trade and the prosperity of the masses.
it is hard to guard against
With an enlarged passenger and freight traffic, ex- are usually of a class which
measures which it may be possible for
penses were reduced $382,032 as compared with the by any specific
It is well within bounds to
to take.
year preceding. The saving was entirely in the cost the companies
large majority of the accidents to passenof conducting transportation, which was 1148,155 less say that a
railroads are directly attributable to the
than in the previous year, and how this was accom- gers on street
This
the public in its use of the cars.
plished has already been indicated. For Maintenance recklessness of
impossible
almost
is
something which it
of Way and Maintenance of Equipment the outlays is of course
education of the public, even if it
were somewhat heavier than in 1897-8. It is pointed to regulate. The
by the street railroad companies,
out that these items include 11,552,047 of extraordin- could be undertaken
necessarily a slow process, with more or less
ary disbursements (equal to 1^ per cent on the stock)^ would be
to its effectiveness.
representing substantial additions to the company's uncertainties as
Carelessness of life and limb might be almost said
property. In the Maintenance of Way and Structures
Steam railroad mancharacteristic.
$4,700,294 was expended, equal to the unusual average to be a national
Advantage was taken of agers long ago learned that the public could not be
of $1,963 per mile of road.
most obvious precautions to avoid
the prosperous times to raise the standard of the left to take the
crossing tracks back and
Considerable more work of the same kind danger, but insisted upon
system.
Maintenance of Equipment also in- forth at stations, walking along the tracks, crossing
is projected.
unvestibuled trains, and practically
cluded many exceptional items, such as the purchase between cars of
A company which
positions of danger.
of 1,000 30-ton coal cars, costing $500,000, the final seeking
put gates
payment of $328,641 on a gpecial series of cars bought erected fences between tracks at stations,
on the tracks arrested,
All things considered, therefore, on its cars or had trespassers
in 1892, &c., &c.
attacking inalienable rights of
the year's results and operations appear in a decidedly was considered to be
Street railroad
the people and to be a public enemy.
favorable light.
the same exThe balance sheet shows no changes that call for managers are going through some of
The credit balance to profit and periences the greater familiarity of the public with
special mention.
cars and the fact that they traverse the
loss of course records a substantial increase, owing to the street
rather increases the general carethe fact that the company, while earning 5*6 per cent public highways
The re- lessness and the liability to numerous accidents.
for the stock distributed but 4 per cent.
Without entering further at present upon a disfunding arrangements may be said to have made good
toward street
Eefunding began July 1 1897, and in the cussion of the attitude of the public
progress.
out that the railroad
two years since then 30 to 40 per cent of the bonds car service, it may be pointed
control over one very imhave been converted. The report contains a new and companies have complete
whole question. This
handsome map carrying the system to Chicago; the portant element affecting the
Our observations
is the discipline of their employes.
previous map showed the lines only to Buffalo.
lead us to the conclusion that there is a very wide
—
;
degree of difference in the efficiency of car employes
STREET
DISOIPLINE
on roads in various parts of the country, and even on
ACCIDENTS.
neighboring roads. AVe are convinced that proper disliaThe reports of street railroad accidents, as given in cipline or lack of it has not a little to do with the
manager no doubt does aim at
the newspapers, are becoming painfully frequent, bility of accidents. A
than mere
and they are likely to increase with the growing popu- obtaining something more from his men
to collect
It is experience and capacity to handle a car, or
larity of the electric road as a means of transit.
He must infuse into
reported that the New York Railroad Commissioners, fares and to know the route.
it with loyalty to
actuated by the number of fatalities recorded, pro- his force a high morale, and imbue
AND
RAILWAY
September
THE CHROJNirLE
2, 1899.]
the company.
several
The proper
hundred men is a
time 80 expended
will
discipline
large
of
a
force of
task, but labor
be amply repaid.
The
ing been
furnished in the expanding revival of
trade, while on the other hand the freight revenues
show a decrease in both the earnings from merchan-
and
results
attained and the methods in vogue on steam railroads,
where this question has been studied most thoroughly,
should be of great value to street car men.
One difficulty in improving the tone of employes
on street railroads has seemed to be ihe comparatively temporary service of a good many of the men.
Indeed, about the first step to be taken in improving
the discipline on a road would be to discourage
restlessness among the men by overcoming the desire
for change which leads to their leaving the service
of
a company to try something else, often to return later
when they
471
dise
from
and
all
coal.
As
sources
a result, aggregate gross earnings
were but
little
heavier than in
1897-8.
Carrying the analysis a step farther, we find that
trouble, as in
the Central case, was with
the rates.
The coal and merchandise traffic increased no less than 1,273,519 tons and the number
of tons moved one mile increased 278 million tons, but
the company realized an average of only 5 '17 mills
the
per ton per mile in 1899, against 5-58 mills in 1898.
On the coal traffic, which is included in these figures,
are tired of the change, with applications the rate dropped from 5-12
mills to but 4-37 mills.
for re-instatement.
Length of service should be President E. B. Thomas well says that this continual
recognized in some substantial way, particularly on decrease in the
rate received is the unsatisfactory
the laige roads.
feature.
"The problem of to-day in the transportaIt does not seem a thoroughly logical
system to tion industry is to keep the unit of cost reasonably
have an employe, who has just been qualified, estab- below the unit of
revenue.
These two items are
lished on an exactly similar status, so far as his
com much too near together.^' On the Erie the probpensation and relations to his employer are concerned, lem is being
met in the same way as on the other
as those who have performed faithful work for
roads
that
are similarly pressed, and we notice that
a term
of five years or longer.
It would appear to be worth the company's train-load has now
got up to 316 tons,
while to make some distinction in this respect
by a counting only revenue- earning freight, and to
335
sufficiently material
difference in wages
and
in the
tons with
company
freight included.
This is not
em. very far behind the New York Central record, though
ployes.
The cost entailed would not be material the Erie has an advantage for purposes
of this kind in
compared with the benefits obtained in the closer in- the fact that it has such
a heavy coal traffic.
terest taken by the men in their duties.
Expenses were reduced $268,111, leading to an imSuch a plan
would promote stability of employment, one of
the provement in net of $279,955; but here the saving wag
essential requirements for good discipline,
and ad- in Maintenance of Way (8309,181 decrease) and in
vance the etficient performance of duties,
such as Maintenance of Equipment (8183,474 decrease); the
those falling upon the car employes
of street rail- cost of conducting transportation increased !$119,480
roads.
It is obvious that a body of men long
in a and taxes rose $113,011, while the general expenses were
ompanj's service and well disciplined will be more reduced $7,947. Mr.
Thomas says that the decrease in
[ualified for their work, exercise
greater care and ^Maintenance of Way expenses reflects in large
recognition publicly
made by
a
company
of such
degree
more
eal
nth
intelligently with the public than a force
brief and irregular service.
The liability to ac-
idents would undoubtedly be materially lessened.
The effect on the public is a point not to be overooked. Improvements in discipline are
the benefits derived from the heavy expenditures heretofore made under this head; the general condition
of
the roadway and structures, he declares, has been well
kept up, and in some respects improved. He also
recognized by asserts that the reduction in the equipment expenses
•assengers and inspire a greater feeling of
confidence, was obtained without lessening the efficiency of the
Fhich redounds directly to a company's
advantage'
ot only encouraging people to a freer
use of its cars,
ut in unsettling the conviction, usually
power or the condition of the rolling stock, all of
which has been properly maintained. It is pointed
quickly out that the year's expenses were affected in no small
jrmed, that the company or its employes are
at degree by the very considerable increase in the price
iult for any accident that may happen.
"While, as we of nearly all material and supplies used in the conduct
ave stated above, there can be no doubt that
care, of the company's business, particularly of iron and
issness of passengers is entirely responsible
for the steel, of which large quantities are required.
irgest share of accidents on street cars,
This is the first report to make mention of the inthe public
sually convinces itself that they are due
to green or crease in the price of materials and supplies as a cirireless motormen.
This prejudice undoubtedly finds cumstance adding to operating cost. Mr.
Thomas
s way into many jury rooms, and
results in verdicts says that a careful estimate indicates this increase to
•r damages disproportionate
to the actual responsi- be no less than about 33 per cent for the
last six
lity of the company.
A well-disciplined force not months. The general prosperity which
has obtained
number of accidents, but is a strong with the industrial and commercial enterprises of the
gument for a company to support its claim of the country during the last
half of the fiscal year is, he
inimum of responsibility on its part for such as may adds, certainly very gratifying,
and if the price of
ily
decreases the
icur.
THE ERIE REPORT.
Lack
space prevented editorial reference
llek to the annual report of the
Erie, which
quite at length in our news columns.
I lilted
^ uld be expected, the experience
of the road in
tjitter
t
II
transportation had correspondingly increased, this
additional cost of materials and supplies would not be
of
of rates
and
felt.
Since the reorganization on December 1 1895, the
we company has spent no less than $6,323,523 for new
As equipment, and still further expenditures will be rethe quired of the same kind from time to time. The new
last
has been much like that of company has been handicapped in the fact
that much
Passenger revenues have of the equipment to which it succeeded consisted
of
reaged in a substantial amount, the stimulus
hav- small antiquated cars. This defect is being gradually
?
New York
traffic
Central.
THE CHRONICLE.
472
The General Lien bonds bore
corrected.
4 per cent
ment
70 million dollars in the first six months of
1898, so that for the two years combined the gain has
of
from July 1 1898 (instead of 3 per cent as
before), and the company's fixed charges increased been 110 million
interest
altogether $404,282 over the year preceding.
The
income account shows that these increased charges
\\0h. LXIX.
dollars.
We now
bring forward again the table given by us
last week, showing the changes on the different roads,
were earned with a surplus left over of fseoSjTQS to be revised so as to include those companies which were
There is, as then omitted, but are now included.
carried to the credit of profit and loss.
Haskins &
Sells
having performed that function.
Pennsylvaniat
& L. V. Coal
213,153
Louis Southwest'n.
212,612
Boston & Albany
205,453
Ph.&Read.&C. &Irona 1,865,105 St. Louis & San Fran...
199,089
Chic. & No. Western... 1,504,718 Texas Pacific
199,084
Southern Railway
1,122,873 Western N. Y. & Penn.
194,441
Canadian Pacific
1,092,344 Kan. C. Pitts. & Gulf .a.
185,917
Central of New Jersey.. 1,023,644 Dul. So. 8h. & Atlantic
184,000
Louisville & Nashville..
950,849 Mich. Cent. & Can. So.,
180,662
Erie
946,695 N. Y. Chic. & St. Louis.
175,541
Gt. Northern System ...
937,456 Allegheny Valley
173,684
Southern Pacific.a
925,800 Gr. Rap.& Ind. System.
173,213
Lake Shore & Mich. So..
895,524 Chic. Ind. & L
169,748
Chic. St. P. Minn. & Om.
871,317 Chic. & West Mich
167,173
Union Pacific
820.899 Flint & Pere Marq
166,950
Atch. Top. & Santa Fe..
637,528 Hocking Valley
165,400
Grand Trunk System..
631,381 W. Jersey & Sea Shore.
158,451
Mexican Central
6a0,139 Nash. Chat. & St. L
149,588
Mexican International.
609,819 Central of Georgia
146,474
Wabash
597,385 Wisconsin Central
143,547
New York Central
556,661 Hous. & Texas Cent'l.o
135,700
Northern Pacific
555,094 Northern Central
126,266
."^51,411 Mexican Northern. a
Oregon Short Line
122,762
Denver & Rio Grande.
529,911 Pitts. Bess. & L. Erie...
113,227
Illinois Central
484,416 Iowa Central
108,911
N. Y. Oct. & Western..
468,464 Bangor & Aroostook...
108,143
Mexican National
439,993 St. Paul & Duluth
105,160
Boston & Maine
437,771 Elgin Jollet & Eastern.
Norfolk & Western
422,665
Mobile&Ohio
401,483
Total (rep.90roads).$36,495.436
Del. Lack. & Western..
Decreases.
341,272"
$363,041
Phila. Wilm. & Bait.
328,0(10 Pacific Coast a
229,630
Interoceanic (Mex.)..
303,610 Bait. & Ohio Southw
131,012
Duluth & Iron Range
302,272 Mont. A Mex. Gulf
114,261
Chic. Great Western.
301,230 K. C. Ft. S. & Memph..
105,526
Fitohburg
283,160 Fla. Cent & Benin
105,506
Delaware & Hudson...
277,904 Oreg. RR. & Navigat'n.
Mlnneap. & 8t. Louis...
256,166
Burl. Ced. Rap. &No...
237,158
Total (representing
$1,048,976
Mexican Railway
232,700
6 roads)
Chic.Burl. .feQulncy....
225,479
Chic. Milw. &i
HALF-YEAR.
"We complete this week our statement of the earnings of United States railroads for the
first
half of the
The compilation we gave last
week covered both gross and net results, and in that
form was as complete as it could be made, including
every road from which it was possible to procure re
current calendar year.
But, as explained on previous occasions, there
are some roads that furnish statements of the gross
without the net. It is possible, therefore, to make a
turns.
more comprehensive exhibit
as to the gross,
and that
our purpose to-day. Starting with the total of the
gross shown in our compilation of last week, we add
the roads for which we have reports as to the gross
but not as to the net. The table is as follows.
GROSS EARNINGS OF UNITED STATES RAILWAYS
JANUARY 1 TO JUNE 30.
is
1899.
1898.
Increase. .Deereate.
I
Alabama
Vioksb.
Vioksb. Shrev. & Pao..
Chic. Peo. & St. Louis.
Chic. St. P. Minn. & Om
&,
Cin. G'rgetown & Ports.
Clev. Lorain & Wheel..
EvansvilleA
Ind'p.lis..
& T. Haute.
& Pen
Kvansville
Fl». Cent.
Great Northern—
St. Paul Minn. AM...
Eastern of Minn
Montana Central
Gulf Beaum. & Kan.
Hookirg Valley
C.
Intemat'l & Gt. North..
Interoceanic (Mex.)
Kan. City <& Omaha. ..
Kan. C. Pitts. &Gulf.*.
Kan. City Sub. Belt....
Los Angeles Terminal..
Louisv. Evans. & St. L.
Mexican Railway
Mexican Southern
Mo. Pacific & Iron Mt.
Central Branch
Mobile & Ohio
Oregon Short Line.
788,553
344.158
316,897
425,251
4,595,863
30,727
820,381
156,053
632,091
1,367.024
690,731
334,612
330,675
415,216
3,724,54t
27,393
721,992
142,755
603,160
1,472,550
8,496,124
1.105,472
910,225
139,887
1,429,406
1,694,236
7,858,774
716,870
998,71?
80,312
1,262,45b
1,661,792
1,656,190
124,012
1,304,218
224,SO0
39,090
727,309
2,093,200
339,267
12,328,170
661,262
2,072,217
3,053,452
503,459
1,9'=>9,800
113,962
1,498,6)9
268,157
47,974
791,420
2,325.90(
396,147
12,527,551
533.377
2,473,700
3,604 863
626,221
62,288
164,126
40,390
150,198
16,256
3,720.387
758.901
2,479,555
St.
2,325,140
St.
Paul.. 2,220,9C0
. .
The
t Covers lines directly operated east and west of Pittsburg.
gross on Eastern lines increased $1,785,600 and on Western lines
$1,560,700.
a For five months to May 31, being the latest figures reported.
Prev'sly rep'd (172 r'ds) 520.558,717 488,776,0?6 31,782,631
Additions for ro'ds in- \
eluded in above totals for only5 months \
13,686,266! 12.228,429 1,457,837
whic^i have since reported for June
J
Ala.N.Orl.&Tex. Pao —
NewOrl. &No East,.
GROSS
Increases.
Leh. V. RR.
HA ILEO AD GROSS EARNINGS FOR THE
EARNINGS IN 6 MONTHS.
Increases.
$3,346,300 Chic. &East'n Illinois.. $218,451
PRINCIPAL CHANGES IN
usual, an independent audit of the accounts, Messrs.
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S.
—The
97,823!
9,546
13.778
10,035
871,317
3,831
98,389
13,298,
28,931'
105,526
bank stocks this week have reached 250
which were at auction. We notice that 50
shares of "Western National Bank sold 70 points higher than
the last previous sale. Not a share of bank stock was sold
at the Stock Exchange in August. The transactions in trust
company stocks reached 135 shares, also all at auction. A
noteworthy advance was paid for 10 shares of Guaranty
sales of
shares, all of
Trust, the price being 33 points higher than the last previous
637,350
388,594
88,488
59,575
166,950
32,444
303,610
sale,
which was in May.
Banks— iVew York.
Price.
Stiareg.
10,050
19 4' 441
43,277
8,884
80
20
100
50
Chatham National Bank
Fourth National Bank
Mechanics' National Bank
Western National Bank
Trust Companies—JVeic York.
50 America, Trust Co. of
10 Guaranty Trust
75 International Banking
64.111
232,700
56,880
199,381
& Trust
3121*
192
2OOI4
407
271
66914
160
Last previous salt.
May '99— 311
Aug. '99— 191''8
Aug. '99— 210
Julv '99— 337
Aug. '99— 275
May '99- 636
Aug. '99- 1611a
—As
already announced in these columns, the twentyannual convention of the American Bankers' Associa40i',493
tion will take place next week at Cleveland, September 5, 6
551,411
Pitts. Bess. & L. Erie...
122,762
and 7. The convention promises to be a great success. In
Saginaw Tdso. & Hur..
.'>4,057
8,231
St. L. Chic. & St. P
view of the prominence given in the newspapers to the strike
158,741
5,385
Bt. L Ken. & Southern.
29,458
10.932
of the street-car employes in Cleveland, it seems proper to
Bher. Shrev. & South...
126,453
23,745
80. Haven & Eastern...
12,456
3,>^O0
say that the reports as to the effects of the strike are without
Texas & Pacific
3,521.298
199.0S9
any substantial foundation. The statements that street-car
Wheeling & Lake Erie.
693,561
65,340
Wisconsin Central
2,333.081
146.474
travel in Cleveland is seriously interrupted or dangerous apTotal (209 roads)... 592,057,163 551,102,991 38,299,999
345.727 pear to be at least decidedly exaggerated. One of our corNet increase (6-85 p. 0.)
37,954,262
respondents has just been making a trip through the city, and
Miles of roads
166,599
165,251
1,348
he tells us that so far as he can see there is no trouble at all.
He says all the cars are running regularly. The defeated
• For five months to May 31.
strikers are running scraggly old 'busses and wagons, but
In this way, it will be seen, we get a total for 1899
few ride in them. He tells us that no one should be deterred
approaching very close to 600 million dollars, and from coming to the convention through fear of any trouble
covering 166,599 miles of road. The increase over because of the strike, which is now a thing of the past. We
the corresponding six months of last year falls but notice that Mr. William G. Dietz, the efficient and energetic
little short of 38 million dollars.
It seems perfectly General Secretary of the convention, has felt called upon to
write a letter to the same effect to correct erroneous imsafe to conclude, therefore, that for the whole United
.
States system of roads,
if
we had the
would be 40 million dollars,
by us, and very likely two
larger.
This follows,
it
as
to
127,885
fifth
pressions in that regard.
returns, the gain
previously estimated
three million dollars
should be stated, an improve-
—
Mr. Walker Hill, First Vice-President of the American
Bankers' Association, will probably be elected President of:
the Association at the convention to be held next week at
Cleveland, O.
'
SEPTEMBER
2,
THE CHRONICLE.
1899,]
—Three years ago a Trust Company Section of the American Bankers' Association^was organized, and since then
annual meetings of the Section have been held concurrently
with the conventions of the American Bankers' Association
473
William Schall, Jr., of Miiller, Schall & Co.; William H.
Kountze Bros.; John F. Dryden, President of
the Prudential Insurance Co., Newark, N. J.; J. W, Simpson, of Simpson, Thatcher & Barnum; William G,
Park,
The third annual meeting of the Trust Section will be held
President of the Park Steel Co.; Benjamin N. Duke, of the
at Cleveland, 0., September 6. The proceedings will
consist American and the Continental tobacco
companies; Francis
of an address of welcome by Harry A. Garfield,
Vice-Presi- H. Leggett, of Francis H. Leggett
&
Co.; Ransom H.
dent of the Cleveland Trust Co., of Cleveland, O.; reply
by Thomas, Vice-President New York Stock Exchange; Almeric
Breckinridge Jones, of St. Louis, Chairman of the section;
H. Paget, Edmund T. Halsey and Edwin Gould.
report of the Executive Committee by the Chairman,
Anton
—Walter E. Frew, formerly President of the Queens
Q-. Hodenpyl, of Grand Rapids,
Mich., and the reading of
County
Bank of Long Island City, which institution was on
papers on selected topics. John W. Barr, Jr., Vice-President
Monday merged with the Corn Exchange Bank of this city
of the Fidelity Trust and Safety Vault Co., Louisville,
Ky.,
and made a branch of that bank, was on Wednesday elected
will read a paper on "Investment of Trust Funds."
Francis
a Vice-President of the Corn Exchange Bank. He will have
S. Bangs, of the State Trust Co. of New York,
will present
the
active supervision of the various branches of this instiapaperon "The Origin and Growth of the Trust Company
Movement in New York,'' and Charles K Zug, Trust Officer of tution.
the Commonwealth Title Insurance and Trust Co.,
—The annual meeting of the Long Island Group of the
of Philadelphia, will have a paper on "The Origin and Growth
of the New York State Bankers' Association was held at Long
Trust Company movement in Pennsylvania." One of the prin- Beach on Thursday. The officers of the Group are:
James
pal topics for discussion will be "The best method for
promoting M. Brush, President of the Bank of Huntington, L. I., ChairTrust Company business." There will be exhibits of various man, and Frank Jenkins, cashier of the First National Bank
books and blanks used by the Continental Trust Co. of New of Brooklyn, Secretary. The Executive Committee consists
York, the Union Trust Co, of Pittsburg, the Michigan Trust of E. G. Blackford, H. J. Oldrig, Joseph Dykes, E. M.
Davis
Co. of Grand Rapids and the Northern Trust Co. of
and Hiram Smith.
Chicago.
The present officers of the Trust Company Section of the
—Hugh Kelly, a commission merchant engaged in the
American Bankers' Association are Executive Committee, West India trade, has been
elected one of the directors of
John H. Holliday. Union Trust Co, Indianapolis, Ind.; the North American Trust
Co.
George H. Southard,' Franklin Trust Co., Brooklyn, N, Y.;
—It is reported that two new trust companies are being orAnton G. Hodenpyl, Michigan Trust Co., Grand Rapids,
ganized in this city.
One is to be known as the Industrial
Mich.; Francis S. Bangs, State Trust Co., New York
City; Trust Company of America, with
a capitalization of |10,000,Hpury M. Dechert, Commonwealth Title, Insurance & Trust
000.
It is said that the management will be largely composed
Co., Philadelphia, Pa, Gordon Abbott, Old Colony
Trust Co., of representatives of industrial organizations
and of large
BDston, Mass
Frank B. Gibson, International Trust Co.' banks and trust
companies. Mr. Qharles R. Flint is reported
Denver, Col.: Otto T. Bannard, Continental Trust Co., New
to be interested in promoting the scheme. Another trust
York City and Arthur Heurtley, Northern Trust Co. Chi
company, to be known as the New York, London and Intercago, 111. The Chairman of the Section is
Breckinridge national Trust Company, with a capital
of $3,000,000, is also
Jones,
Hollister, of
:
;
;
,
Vice-President Mississippi Valley Trust Co., St. Louis,
the Vice-Chairman is Otto T. Bannard, President Continental Trust Co., New York City, and the Chairman
of the
Mo.
;
Executive Committee is Anton G. Hodenpyl, Vice-President
Michigan Trust Co., Grand Rapids, Mich. The Secretary of
the Section is Arthur Heurtley, Northern Trust
Co., Chicago,
—
said to be in process of formation.
—Peter Rutgers Kissam, an Assistant Cashier
of the NaYork, retired from service
in that institution on Thursday, his resignation to
take
effect September 1.
Mr. Kissam has been continuously with
tional
Bank
of
Commerce
in
New
Bank of Commerce in various capacities for more than
forty-three years. He entered the service of the bank March
7, 1856, as clerk.
His promotion was comparatively rapid.
the
The Hongkong & Shanghai Banking Corporation has
been appointed by the War Department a Government deWithin two years he was advanced, first to head check clerk,
pository for United States funds in the Philippines.
then to assistant note teller and then to assistant receiving
— George W. Ely, who has been connected with the New teller. In 1874 he was made receiving teller; in that capacity
he
York Stock Exchange for twenty-five years, as Assistant served two years,
when he was appointed paying teller,
Secretary from 1874 to 1883, and since the last-named
year remaining in that position for more than twentyas Secretary, has accepted the position of President
of the two
years.
Recently he
was made an Assistant
recently organized Bankers' Trust Company, and
he will re- Cashier,
as
noted in
this
column July 33. Mr.
sign from the secretaryship of the Stock Exchange
in Octo- Kissam retires with the best wishes of all who have had
ber.
Mr. Ely is very popular with the members of the business connection
with him or been associated with him in
Board, he is well and favorably known in brokerage
and the bank. One incident in his career as paying teller may
banking circles, and his selection for the presidency of the be noted as an
illustration of his efficiency in that responsiBankers' Trust Company is regarded as an exceedingly ble position.
Some years ago the city of Adrian, Mich., overshrewd movement on the part of the managers of the com- issued a large
amount of bonds. A draft was made on one
pany.
of the trust companies of this city for $48,500, which
draft
There is no question regarding Mr. Ely's qualifications for was forwarded by express, presented at the trust
company,
the position. He is thoroughly familiar with Stock
Exchange accepted and made payable at the Bank of Commerce. Mr.
usages; he has participated in all the hearings before
the Kissam critically examined the draft, and, suspecting fraud,
Arbitration Committee of the Exchange and he has
carefully notified the trust company. Prompt inquiry led to the disstudied the laws relating to securities and Stock
Exchange covery that the issue of bonds by the city of Adrian was
transactions. He has also had much to do with the
prepara- fraudulent, and prosecution and pu nishment of those guilty
tion of the rules and decisions of the
Exchange. Before his of the fraud followed.
Bonnection with the Board as a member or in an official
—Mr. William J. Gilpin, Assistant Manager of the New
lapacity he was a teller in the Continental
National Bank. York Clearing House, returned to his duties this week after
|n 1866 he became a member of the Open Board of
Brokers, a fortnight's vacation spent in the invigorating air of Maine.
which was subsequently merged with the Stock Exchange,
— On September 1 the Nineteenth Ward Bank changed its
ind in 1874, as above noted, he was appointed
one of the clearing house agency from the National Shoe & Leather
issistant secretaries of the Exchange.
Bank to the National Park Bank,
The directors of the Bankers' Trust Company will be
—The announcement that the Produce Exchange Trust
George W. Ely, the President; Gilbert M.
Plympton, of Company would, on and after August 31, withdraw from the
pedmond, Kerr & Co.; George Coppell, of Maitland. Coppell privileges
of the New York Clearing House, which privileges
fe Co,; D. Crawford
Clark, of Clark, Dodge & Co.; Bayard it has enjoyed through
its clearing agent, the Western
Jominick, of Dominick & Dominick; Albert E.
Goodhart, National Bank, caused some surprise. The officers of the
|»f
P. J. Goodhart & Co.; Percival Knauth,
of Knauth, company assign as a reason for the course above noted that
Ifachod & Kuhne; John Walter Wood,
Jr., of L. von Hoff- the portion of the business that required a clearing
agency
Qanu & Co.; Francis S. Smithers, of F. S. Smithers
& Co.; is small, that under the clearing system returns from
THE CHRONICLE.
474
[Vol. LXIX.
and the fortnightly settlement, which ended on Wednesday evento ing, the general impression was that the time had come for a
that the company preferred, as a matter of convenience,
A slight set-back did take place on Tuesday afterit should be set- back.
settle their business over their own counter,
Ex- noon and Wednesday morning. But on Wednesday afternoon
noted that Mr. William A. Nash, President of the Corn
the rise began again and prices advanced, not sensationally,
change Bank, is not now a member of the Board of Trustees
a few but still generally.
of the Produce Exchange Trust Co., having retired
Even in the South African department there has been a
Vice-Presimonths ago. Mr. Timothy Hogan, one of the
Mclntyre and recovery this week. The foitnightly settlement showed that
dents, died recently, sd that Mr. Thomas A.
there is practically no "bull" account open. Whether stocks
Mr. S. D. Scudder are the only remaining Vice-Presidents.
have been paid for and taken up by means of borrowed money
Mr. Turner A. Beall is the President of the company.
But the general impression in the
it is impossible to say.
and
Exchange
Bond,
Realty,
York
New
of
the
name
—The
Stock Exchange is that very few shares are held on borrowed
of
that
to
changed
bten
has
city
Trust Company of this
money. The speculators closed their accounts long ago;
busithe Central Realty, Bond and Trust Company, and the
investors are clinging to their stocks, acd thus there has
Street,
ness is now conducted in the building 59 to 65 Liberty
been neither selling nor buying for a considerable time until
where the Real Estate Exchange was formerly located. The Tuesday, when a little activity showed itself. On WednesVicePresident of the company is Henry Morgenthau; the
day there was a decided advance in prices, that has taken
the
Stallknecht;
Thorwald
and
Presidents are Hugh J.;Grant
place in spite of the military preparations that are going on
Treasurer is W. J. B. Mills and the Secretary is Ernest Ehr on both sides. But evidently the impression of the great
mann. Among the directors are F. P. Olcott, President of mining houses is that there will be no war, and that after a
the Central Trust Co.; James Stillman, President National prolonged negotiation President Ktiiger will give in.
Trust
City Bank; John D. Crimmins, Vice-President City
One other cause of the stagnation of the stock markets may
Bank;
Exchange
Corn
Co.; William A. Nash, President
be referred to. It is the extraordinary prosperity of trade.
Henry O. Havemeyer, James N. Jarvie, Anthony N. Brady, All who are engaged in trade are employing the whole of
Augustus D. Juilliard, Frederick Southack, Michael Cole- their resources in their own businesses, and bankers and
man, James H. Post and Alwyn Ball, Jr.
great capitalists are lending little upon the Stock Exchange
result is that the
—It was announced in this colnraa August 5 that the and supplying trade very freely. The
Stock Exchange is
the
upon
employed
now
money
stockholders of the Bank of Louisville, Ky., capital |390,(00 amount of
business were to
if
even
that
fear
is
and surplus of $84,231, had on July 2S voted voluntarily to unusually small and the
made spring up again money would remain scarce and dear and
liquidate, and that on the next day arrangements were
much hampered.
with the Southern National Bank of Louisville, capital .«250,- speculation would be very
of England have this week made
Bank
the
and
of
directors
bank
The
000, to purchase the building and business of the
It was generally thought
discount.
of
of no change in their rate
to liquidate the institution. A circular by the President
would raise the rate, inasmuch as money
the Bank of Louisville to the stockholders of the bank, under probable that they
For some weeks the
dear in Berlin.
date of Aug. 14, announces as the result of the agreement is again becoming
discount in the open market
above noted with the Southern National Bank, the declaration rates of interest and
down unduly because bankers
pressed
been
of
have
in Berlin
by the directors, and the immediate payment, of a dividend
of loans raised by various
proceeds
sums, the
100 per cent on the $390,000 capital of the Bank of Louisville. held very large
months. Gold in conThe President says that " while nearly all the quick assets of German governments during recent
in considerable amounts to London,
the bank have been exhausted in realizing this dividend, sequence was shipped
Bink raised its rate of discount
Imperial
this
the
stop
there remains a very considerable amount of slow assets and to
continued until the middle of
shipments
which will be realized on in time and justify further divi- to 5 per cent. The
Wednesday there was a considerable fall
dend?." It may be noted that the stock of the Bank of this week, but on
upon London, and it is now thought that
Louisville has sold for more than a year at 70 and even as in the exchange
understood that the governlow as 65. The quotation in our August Supplement was the shipments have ceased. It is
upon their balances
considerably
draw
beginning
to
ments are
70@75.
for moving
required
more
is
Furthermore, money
in Berlin.
being very
interior
the crops, the outflow from Berlin to the
considerable just now, and Russia U likewise drawing upon
their agency
were unobtainable
until the following day,
'^onttKxm^ommtxciKl%nQlisU%tvos
[From our own oorrespondent.]
Berlin to relieve the financial difficulties in St. Petersburg
and Moscow.
London, Saturday, August 19, 1899.
Some weeks ago there was a very heavy failure in St,
Repubthe
upset
to
The discovery of a conspiracy in France
M. Petersburg. The largest private banker in Russia failed, it
lic, the consequent arrests, and the attempt to assassinate
believed, chiefly through overtrading, especially in the
Labori, has not had much influence upon the stock markets. it
industrial companies. His liabilities amount
The Paris Bourse is completely stagnant. One of the great- creation of new
to nearly \% millions sterling, and it is believed, although
est of the outside brokers stated to the present writer a day
everyhis assets are very large and probably 75 per cent of
or two ago that never in his recollection has business been so
heavy
being
thing he owes will be realized, yet for the time
utterly stagnant. There is literally no speculation and there
and
losses have fallen upon several banks in St. Petersburg
is so little investment that few brokers think it worth while
become
have
cities
both
in
Exchanges
Moscow. The Stock
to remain in Paris.
alarmed, and there has been a sharp fall in all stocks
accusgrown
so
But outside of France the world has
The Finance Minister has issued an <xthere.
tomed to the shifting phases of the Dreyfus case that little dealt in
attributing it to
of the excitement, chiefly
impression is now made upon basiness people by either planation
scarcity and dearness of money all over Europe and the
arrests or outrages. Except, however, in the departments of the
It is understood that he is taking prompt
States.
South African and Western Australian mining shares, there United
measures to relieve the banks affected, and it is believed that
is very little doing, although the condition of France haa not
purpose he is drawing heavily upon Berlin. In acy
contributed to bring that about. Partly it is the result of for this
the Berlin money market is hardening up, and it waa
the state of things in South Africa, partly of the fear of dear case
thought probable here that in consequence the Bank of Engmoney, and partly to the extremely hot weather.
would raise its rate; but the directors apparently aie
Since the beginning of July the weather has been unusually land
from ab:ord
satisfied with the fact that all the gold coming
hot for this country, and all who can are consequently getall eveut?,
at
time,
is going into the Bank, and that for the
ting away from London. The attendance in the Stock
control of the outside market.
Exchange is naturally, therefore, small. Professional oper- they have
most part absent and the public is doing
government and railway stocks, industrial
colonial securities, foreign securities and Amer-
ators are for the
British
little.
securities,
ican securities are all neglected.
There is only one market which can b3 called really active,
and that is the market for Western Australian shares. For
nearly two months there has been a great deal of business
going on, and as carrying over rates have baen very heavy at
It is probable,
however, that the rate will soon be raised.
From now until October, and possibly until November, the
German money market will grow more and more stringent.
to
Russia is suffering not only from the difficulties referred
coming
crops
above but from an extensive failure of the
There is
after a famine during the past twelve months.
and in Firgreat stringency in the Scandinavian countries
France it
for
easy
fairly
is
land, and although the money
;
\
,
September
H
THE CHRONICLE.
1899.]
2,
not probable that the
much
Bank
of France will part with
gold.
The India Council continues
fully.
to sell its drafts very success
tender on Wednesday 40 lacs, and the
It oflEered for
applications exceeded 637 lacs. The whole amount offered
was allotted at prices ranging from Is. 3 31-32d, to Is. 4d. per
rupee.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of oonsolt,
&o., compared with the last three years:
Aug.
Aua.
16.
13.0';4.858
30,784,743
22.272.573
34.196,838
46 5-16
OiearlnK-House returns
chief Continental cities
Bank
lUH
2)^q.
Bank
Rate.
Hamburg
6
Frankfort
5
Amsterdam
Brussels.
Marke
Petersbuit
Madrid
Copenhagen
The
5H
4
3
5H
5H
rates for
5
Uarh
Rate.
^._
1
4^
iH
iH
4^
m
iH
3^
*H
6H
3H
iH
5«
3>i
4W
6«
3M
iH
6«
i
3
4
3
6
8
5!^
6J^
5H
&H
6«
tH
3'^
1
27 12
For account
Erie, common
l8t preferred
Illinois
Central
& Nashville.
Louisville
Mo. Kan.
com..
Hudson..
<feTex.,
&
105%
100-20 002712
Fr'ch rente8(lnParl8)fr.
Bpanish 48
Atch. Top. & Santa Fe.
Preferred
Baltimore & Ohio
Preferred
Canadian Pacific
Central Paoiflo
Chesapeake & Ohio
Ohio. Mil. &8t. Paul....
Den. & Rio Gr. com
Do
do Preferred..
a
o
a
273is
105H-,f IO514
1061i« 106
00'67i2
*
10075
10415,8
00-57i«
58£^
23'8
58%
58ii,6
591-^
QOH
23 12
23ifl
68 14
58
681s
571a
23 3g
6758
56
233^
6PI3
56I4
7612
9973
61
6738
77%
76 14
99 14
9912
76I4
P978
59%
60ifl
tO^
30
30
1375?
24ifl
13738
24ie
79%
79%
29»s
13758
2338
79 14
1438
14ie
14''i»
40
39 14
4OI4
119
84iu
14-e
II8I9
8313
14^8
142
L4212
28I4
& Wesfn
27 16
27 ig
2738
277,8
10513i6 IO5I2
10513.6 105 13
Fri.
74%
28
75
58ifl
.=.8ie
80
69 1«
*Phila. <feRead
1134
32i«
1758
3178
1714
40
39 14
1318
13 14
5HI3
35S8
Wabash, preferred
24^
49
82 14
'
29%
I375&
'
2414
79%
79%
I518
4118
143i
401*
119
119
8314
14^8
142
84i«
1434
I42I2
83iif
14%
141%
VJ»
•^779:
7412
.57%
74l2
5834
58 5g,
7959
79
79%
79%
69 14
6938
1138
310H
I714
3858
1318
56»4
e958
69I3
11
n3g
31%
11%
!
30
24 14
119
76ifl
9979
60 ^s
1375ji
27%
Norfolk <fe West'n pref
Northern Paciflo, com..
Preferred
Pennsylvania
Southern Pacific
South'n Railway, com..
Preferred
Onion Pacific
Preferred
,
571?
82
48%
81%
24ie
24
48%
74%
Sv!
31%
1739
39 14
131«
1733
3912
1312
j
5738
5714.
49
481s
'
81%
I
8134
i
£3%
24
i
i£ioxtinxtxtmX itud "^XxsttWmxtous g^cxus
interest aUoio>o
for dtpnsits 6i
Trade BUls.
Bills.
4 Months
a.
Oonsole., new,2^p.ct8.
Thurs.
as follows:
Open Market Rates.
3 Months.
ounce
Wed.
Tues.
Price per share.
tin
Bank
Sliver, per
Mon.
Sat.
*Phila.&Read., Istpref.
•Phila.A Read.. 2d pref.
—
2%
SH
8«
SH
S
3 i:-i6
3 15-16
«
London.
Op«t
SH
3M
*%
money have been
«
28.
Bonk
iH
m
4«
July
2 15-16
3
4»
4«
London.
N. Y. Ontario
Bank Open
RaU. Market
4M
3«
iH
6H
at the
Englfsli Financial Markets— Per Cable.
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Sept. 1.
N. Y. Cent'l
Aug. 4
Uvefi
5
m
3?*
1
and open market rates
2 15-16
8
5
4«
SH
m
Vienna
St.
iH
iH
*H
5
47,474,951
58 6-18
2
113 15-16
SO^ri.
155.38/,000
171.729.000
161.8 8,000
Aitg. 11.
atarhet
3
..
Berlin...
28,'<38,i'5.S
86.939 c:n6
2
1105^
27^3.
—
Paris
27.336,085
7,i36.20l
66.104,OiH
14,P66,9n5
have been as follows:
Op«n
Bate
2^
106"^
Aitg. 18
Sate* of
Interut at
a
26.480,936
24,965.308
S6,058,'08
53 7-16
27Ha.
rate of discount
^uy. 19
18.
38,8i>7,238
13,iao,9(-0
47^
184,333.(01
1896.
27,893,400
7,767,911
28.772.83?
34,884,867
3«
Sllrer;
The Bank
$8 012,030
7,802,H0S
42,440,103
13.868,643
80.774,206
28.724.265
7.046.064
40,87*.370
other securities
B«8erve of notes and coin
Coin Abulllon, both departm'ts
Prop, reserve to liabilities, p.ct.
Bankrate
percent.
Consols. 294 per cent
^uo.
£
17.
£
£
Olrcnlatlon
Public deposits
Other deposits
QoTernment secnrttles
1897.
1898.
1899.
475
3 Mos.
6 Months.
4
Mos
Joint Dia'tHStock At 7-H
Banks Oof; Davi
—
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
Aug. 24 and for the weekending for general merchandise
Aug. 25 also totals since beginning first week January.
;
July
"
Aug.
"
21
3N
28
3^
3^
SH&SH
4 3
SH®SH
SM
Shi
3 11-16
IS
sa
3il-in
Messrs. Pixley
&
4
SH
SH
U
August
3«
SH
3?^®3 7-lf
FOREIGN IMPORTS.
3H<s3Vl
3?i
SH
3H®i
4
:"^ffl4
4
For week.
4
Dry Goods
Abell write as follows under date of
bars; £410,000 has been withdrawn; £40n.000 is understood to
be on Government account for the Cape. Arrivals: Cape Town,
£322,000; Australia, £22,000; Bombay, £3.000. Total, £<4 7.000.
Bhipmenta—Aug. 10: Bombay, £20,000; Calcutta, £5,000. Total,
£25.000.
Silver— Influenced by special orders, silver baa remained et'^ady at
27%d. To-day the price touched 27iSjgd., but ouly a triflinier amount
could be placed at the price, and with somewhat free selling the
market closes weak. Indian price Rs. 705? per 100 tolahs. Arrivals
New York, £104,000; Australia, £24,000r Total, £128,000. Shipments— Aug. 10: Bombay, £40 000; Shanghai. £20,000; Calcutta,
£45,000; Hong Kong, £3,800. Aug. 12 Shanghai, £20,000. Total,
£128,800.
Mexican Dollars—The market is still very quiet. Shipments:
Penang, £8,000; Hong Kong. £10,000.
The quotations for bullion are reported as follows :
:
Since Jan.
«1,044,337
5,917,327
*2,216.370
5,404,674
*7,303,274
$6,613,603
$6,961,664
1^7,621,044
S67,871,634
266,996,331
$62,442,000
221,343,303
S94,005,373
252,418.917
$77,689,477
225,536,177
1.
Dry Goods
Gen'l mer'dise
Total 34 weeks
Gold.
Aug.
London Standard.
17.
s.
Bar
oz.
S.
Silver.
London Standard.
Aug. Aug.
17.
10
\
d
d.
(t.
Bar silver, flne...oz 27i3,(, 271116
77 9
51^76 5I9I Bar silver, contain'g
10 5 grs. gold.oz. 285,6 283i6
612 76 ti2
61276 eifll do 4 grs. gold.oz. 28ie 28
76 5 76 5
do 3 grs. gold.oz. 2715,6 i713]6
gold, fine
oz. 77
TJ. S. goll coin...oz. 76
Germ'n gold coin.oz. 76
French gold coin.oz. 76
Japanese yen
d.
Aug.
10
9
oz 30
iMexican dollars. oz. 2738
1
:
1898-9.
1897-8.
1896-7.
Import8ofwheat,cwt.62, 111,750 62,938,410 62,537,750
Barley
22,22S,243 19,683,304 20,860,500
OatB
14,613,720 14,671,490 17,621,980
Peas....
2,253,150
2,294,145
3,236,895
Beans
2,084,370
2.300,880
2,700,530
Indian Corn
54,504.060 51,370.200 56,244.760
*'lour
21,643,505 19,237,470 19,295,620
Supplies available for consumption (exclusive of
1)
1895-6.
66,498,210
21,471.342
13,899,58(>
2,444,460
3,064,482
41,781,590
19,206,050
For the week..
Prev. reported
Tf
1897-8.
Wheat imported, cwt.62.Hl,750 62,938,410
1896-7.
62,537,750
19,295,620
Imports of flour
21, 643, .^05 19,237,470
Bales of home-grown. 33,586,000 23,270,753 24.425,136
117,341,255 105,446.633 106,258,506 100,508.925
1888-9
1897-8
1896-7.
1895-6.
Aver.price wheat,week.248. 8d.
338. Pd.
29s. Pd.
22s. lid.
Average price, season. 26s. 2d.
368. 4d.
288. 8d.
248. lid.
of wheat, flour
and
:
This week.
«i"--^Q
-s^nnnnJ
^'^^^>^^^
Flonr, equal to qrs..
Maize
qrs..
\
$
855,000
Last weele.
2,335,oro
1P99.
1,400 000
330,000
820,000
27O.000
685.000
1897.
»7,762,5?6
291,224.904
$9,011,798
310,615,077
$7,078,527
262,522,163
1897.
79<^,<
00
230.000
710.000
$7,616,636
241.156,597
The following table shows the exports and imports of
specie at the port of New York for the week ending Aug. 26
and since Januarv
1, 1899, and for the corresponding period*
'
in 1898 and 1897.
EXPORTS AND IJIPORTS OF SPECIE AT
NEW YORK.
Imports.
Exports.
QoUi.
Week.
Great Britain
France
West Indies
Mexico
South America
All other countries.
Total 1399.
Total 1898.
Total 1897.
Since Jan. 1
$9,02S,000
7,397,580
3,2S0,000
5,555,914
30,495
411,552
130,196
Germany
^25,800,737
5,301,170
3,170 29,632.077
$544,453
Week.
'Since -Jan.!.
$7,251
$3.30.^,220
264
2,888,202
1,127,226
806,132
187,720
418,976
53,282
97
'"3,840
*11,452
389,974
782,372
$3,784,758
72,350,172
3,940,292
Imports.
Exports.
Silver.
1895-6.
Total
The following shows the quantities
maize afloat to the United Kingdom
1898.
stocks on
66.498,210
19,206,050
14,804,665
1396.
1899.
tal34 weekB $298,987,460 $319,626,875 $269,600,690 $248,773,236
:
1898-9.
303,225,654
NEW YORK FOR THE WEEK.
EXPORTS FROM
The following shows the imports of
IMPORTS.
if
of dry goods for one wtek later will be found
dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Aug. 28, and from January 1 to date.
29^8
2738
cereal produce into the
United Kingdom during the fifty weeks of the season
compared with previous seasons
334,867,965 $283,785,303 »346,424,290
The imports
1
,Cake silver
J
in our report of the
:
S^heat
$1,699,959
4,913.644
Total....
is in
September
«2,231,935
5,071,339
Gen'l mer'dise
17:
Gold— The Bank continues to absorb all open market arrivals, and
during the week the rurohases amount to £765,000. of which £492,0('0
1396.
1897.
1898.
1899.
Week.
Since Jan.
1.
Week.
\
Since Jan. 1.
I
Great Britain
France
G^e^nany
West Indies
Mexico
8outh America
Ail
$946,755 $28,538,156
,
,
other countries.
Total 1899
Total 1898
Total 1897
912
18
23.^,720
""236
482,391
9,600
89,560
9,516
*947,6f^7 $30,908,629
1,168,871
943,715
$3,0101
1,543,686
29,488,628
31,244,498
Of the above imports for the week
American gold coin and $376 American
20,873
7,575
$31,712
64,2241
109.fe72
$214,542
3,267
4,993
.M6,401
1,100,922
600,615
30.121
$2,470,861
1,580,071
1.903,433
in 1^99, $2,345
silver coin.
were
THE CHRONICLE.
476
New York City Clearing House Banks.—statement of
condition for the week ending August 26, based on average
of daily results. We omit ttoo oivhers fOOj in all cases.
Loans.
Capital Surpl's
Banks.
Legals.
Specie.
Bank of New York.
$990,0 $16,C40.0
1,656,0 32.289,0
1.341,6 17,361.0
730,0 11,813.0
2,146,6 26.232.0
197.0
4.744.0
4,061.6 112,186,6
26.973,1
2,266,6
6.868,0
429,2
7,113,3
607,4
1,260,1
72,0
1,990,0
143,0
1.0C0,0
187,0
3,745,6
216,8
4,033,0
261.3
3.642.8
377.9
2,761.0 22,889,0
3,993,2 22,818.3
6,336.9
163,6
862,9 12,919,6
3,434.0
383,4
604.3 25,120,8
6,665,0
879,3
2,717,6
289.4
14,090,8
710,9
2,537,4 49,363,3
4,626,0
631,0
3.036,0
113.8
2,904.1
259.6
7,287.8
6i2.1
4,197,3
346,6
1,205,0 16.416.0
6,436.7
382.9
1.931.0
290,0
1.443,0 25,646,0
2,192,0 68,426,0
1,379,9
112,6
1,602,2 27.632,2
746,0 13,889,0
8,533.0
317,0
3,211,4
244.1
E04,6 40,796,3
2,656.9
552.9
3,647,0
436,6
3,710,7
290.6
3,473,6
280,4
46,208,0
4,721,2
9,667,1
646.4
3,1 2 ',7
414,8
4,667,8
443,6
722.9 11,728,0
7,180.3
432,6
2,469,4
99,7
6,174,1
308,4
3,013,0
405,0
13,367,0
1,098,0
1,266.6 39,718,6
4,809,0
933,6
403,2 1P,083,1
6.596.6
343,6
3,682,9
344,1
4,139,9
216,6
3,982,3
228,9
68.922.7 77,382.6 768,789,9 1723811
64.531,2 868.136,1
;
—
a
A
5^...
WMt^
Total.
New York City, Boston and Pbiladelphia Banks.—Below
we furnish a summary of the weekly returns of the ClearingBAXKI
Survlut.
6.
"
12..
19..
26..
"
$
9
763.080,5
746.685.3
747.733.9
766,789,9
"
Boa.*
Aug. 12.
Aug.l2
1656748
1719836
1736162
1723811
26..
*
849.903.2
849,918.6
361,201,0
858,136,1
66,011,
54.911,4
64.266.4
64,531,2
13,76^,8
13.902,7
13.976.8
14,072,4
CUaHnii$.
10298695
903,780,5
fl65,619.8
972,688,1
6,079,0 120,050,7
5,206,0 116,721,7
5,256,0 112,179,7
7.236.0 237.066.0
7,298.0 233,0d4.0
7.465,0 229,191.0
82,051,9
86,821,8
79,485,6
6.671,0
6,660,0
6,638,0
175,477,0
173,461,0
174,680,0
47,949,0
48,630,0
47,897,0
36.388,0 148,540,0
86,388.0 147.773,0
36,388,0 147,182,0
19..
"
*
D«*o«4t«.t 0<r<'{'n
9~
$~
68,687,3 207,808,0 19,113,0
68,687,3 207, f 03,0 18,621,0
68,687,3 206,153,0 18,412,0
" 19.
" 26.
Ptalla.'
"
York City. Boston and Pbiladelpbig.
Loan*.
136,306,3
136,306,3
136,305,3
136,306,3
M. Y.*
Aug
We omit two ciphers in all these figures.
+ Inoludluff for Boston
and Philadelphia the Item 'due to other bank«."
Stock Exchange Clearing House Transactions.—The
subjoined statement includes the transactions of the Stock
Exchange Clearing-House from Aug. 21 down to and
including Friday, Sept. 1; also the aggregate for January
to
August, inclusive, in 1899 and 1898.
STOCK EXCHANGE CLEARING HODSE TKAN8ACTION8.
,
—
— Shares, both
Total Value.
sides.
Cleared.
I
SOS-
.March
April
May.
June
July
August
. .
33.582.700
20.24 1.100
30.190,100
32.365,200
15.731.900
41.637.100
Sheett
Balances. 07ieside.
Shares. Value Shares. Oash.Oleared.
.
,
1.885.000
2.302.900
3.562.600
2,330.800
2.168.800
2.eF8.000
1.430.900
:^ 166.700
6.970
6.653
7.881
6.730
7,131
28.379.800 1.991.600,000 20.135,700
57,721
6,626.000
5.994,700
7.057,000
8,330
6,860
8.323
6.473,fi00
7.0 if .300
7.';
2.692.800,000
3.811,700
3.752.900
3.587.000
l.«91,900.0l
2.07('.000
2,151.100.000
2.502,100.000
1.273.500.000
3,146.800,000
3.731,400
4.112,K00
January.. 2R,989,000 3.064.200.000
February. 28.143.100 2.245.100.000
8mo8.... 227,960,200 18.067.800.000
2.126.91
225.300,000
272,000.000
240.700.000
147,800.000
2e3.HOO.000
285.900.000
153.2O0.C0O
403.400.000
lO
5.765,100
1899-
761,100.000
568.100,000
681.200,000
618.700.000
637.900.000
436.700.000
336,100.000
423.000.000
January. 76.000.300 5.413.800,000 10.529.800
7.149.200
February. 50,286.900 4.1U.700.000
7.568,e00
52.679.100 4,926.700.000
March..
Seports of Non-Member Banks.—The following is tiic
satement of condition of the non-member banks for the
week ending Aug. 36, based on averages of the daily results
We omit two
New
Bouse Banks of
Deposits
$2,000,0 $1,880,6 $16,210,0 $3,060,0
3,060,0 2,266,0 17,283,0 6.410,0
2,000,0 1,067,6 14,689,9 3.064.C
2,001,6 12,014,0 2,180.0
''•SSS-S
1,600,0 2,786,7 22,077,4 3,910,2
Amerloa
4,727,0 1,044,0
222,6
1,000,0
71ienix
4,748,9 87,177,0 26,695,6
01«y
1'9SS>5 6,616,2 24.879,0 5,371,1
300,0
fliiemioal
6,208,6 1,010,8
183,3
600,0
Xerolianti' £xoh'g<
8,406,4 1,267,6
1,715,0
1,000,0
eaUatln
221,3
1,153,8
72,6
300,0
Batohera'A Drov'rs
2i9,0
114,1
2,036.0
400,0
Xeebanlos' A Trad'e
114,2
1,046,3
169,3
200,0
aTMnwloh
763,0
481,4
3,893,8
600,0
laMther Kauolao're
760.6
3,083,3
164,2
300,0
aSrenth,
364,4
4,362,2
614,3
1.200,0
bS,U> ol i^ew York.
4,363,0
Anerioan Exohangi 6,000,0 2,684,2 27,244,0
1,841.0
28,493.9
6,000,0 3,432,9
OOBimeroe
6,817,4 1.372,1
1,000,0 1,661,0
^SStAw»7
1,000,0 1,010.9 12,147,0 2,284,0
Mcroantue
610,3
2.930,8
487,3
422,7
^Iflo
876,1 22.131,4 6,892,9
1,600,0
Bapnbllo
833.4
6,477,3
982,1
460,0
Ohatham
316,9
2,279,8
290,4
200,0
People's
630,8 11,909,6 3.159.8
1,000,0
Roixb America
0,233.2
1,000,0 3,621,5 38,884,1
Hanover
660,3
4,296,0
369,6
600,0
imng
667,5
2,990,8
366,2
600,0
OUaens'
420,1
2,667,3
263,2
-"
500,0
6.474,6 1,676,3
963,1
900,0
Folton..
Kaiket
693,8
3,682,1
166,0
aikoeA liOatlier.... 1,000,0
1,400,0 1.738.9 14,741,4 2,843,3
Oom Exdiange
6.397,7 1,267.7
603,0
1,000,0
Oontinental
170,0
2,021,1
400,4
300.0
Oriental
6,807,0
24.628,0
iMporters'&TradTf 1,600,0 6,648,2
3,208,2 46,648.0 13,880,0
350,7
1,4c 0,2
149,9
KMtBlver
„H50,0
3,000,0 2,046,1 26,617,7 6,272,6
tvmrth.
3,193,0
485,7 10,616,0
1.000.0
oSntrai
736,Vi
7,432,0 1,806,0
300,0
Second
368,2
3,132,3
166,6
760,0
Ninth
600,0 7,707,6 38,283,3 9,383,1
FllBt
206,0
2.331,3
63,7
300,0
». Y. Nat'l Exoh'ge
to 3,6
3.240.0
664,4
260,0
Bowerr
681.2
3.811.2
407,3
200,0
New York Oountr.
581,6
3,469,7
306,6
750,0
auBian American.
1,000,0 1,412,6 37,142,7 6.896,8
(Suwe8,309,0
1,899,0
100,0 1,176,0
JUtli Avenue
252,2
2,394,4
661,2
200,0
a«rman Exchange.
8,023.2
689,3
767,2
200,0
Acnnania
9,8r 0,5 2.489,8
788,7
300,0
iSooln
6,101.6 1,417,2
920,6
200,0
ewJleld
693,6
2.220,0
329,2
200,0
874,1
5,483,5 1,327,6
300,0
Bank of the Metrop
487,0
2,602,0
380,2
300,0
WMtBide
523,6 10.813,0 2,459.0
600,0
Beahoard.
8.760.1
2,100,0 1,096.8 32,938,3
383,3
4,336.0
607,6
300,0
JteBt Nat. B'kljm..
1,200,0 1,206,7 17.302,3 4,362,V
Bank..
N»t. Union
4,411,1 1.038.3
407,2
600,0
Uherty
623,1
3,969,6
341,1
S.Y.Prod.Exch'ge 1,000,0
806,1
3,691.1
344,9
260,0
Sk.ofN.Am8terdaD
768,6
3,670,0
163,0
360,0
A»tOT
Manliattan Oo
Xerobants'
Meohanios'
[Vol. LXIX.
ciphers fOOj in all cases.
• »- _
May
June
4.487,121.000
4,311,0(0.000
3,242.100.000
2.146.600.000
3.125.900,000
6,930,800
6,193.500
4.67^.200
3,942,400
6.360,900
368.283,5a0 28,815.016,900
^Shares, both sides.-~.
62.313,400
48,830.300
A A rOA AC\(\
44.720.400
33.65 ». 320
April
—
July
August..
8 mos.
2fl,422,S00
36,789.400
Cleared. Total Value.
4.;
7,711
6.362
8,280
20
3,818.700
2.860.700
3,332,500
7.979
7.948
6.633
8,401
52.800.000 42,618,500
62,189
Sheeti
Balance, one side.
Shares. Value Shares. Cash. Cleared
1899.
421,000
346,700
261,800
305,500
314,600
Aug. 21 .2,924,600 22l,600,C00
22 .2,307,000 196,100,000
23. .2,061,600 200,300,000
24. .2,062,200 159,900,000
25. 1,951,500 154,300,000
31.600,000
26,000,000
24,100,000
23,200,000
21,400,000
Tot.wk.11,306,909 932,200,000 ] ,619,600 126300000
Wkl'tyr 9,46?,300 709,500,000 1,335,800 96,400,000
Aug, 28..2,03P,300 175,100,000 299,700 23,600,000
29..1,451,4C0 114,500,000 235,400 19.000,000
231,300 18,600,000
30. .1,674,300 136,700,000
31.-1,362,200 111,000,000 209,900 17,000,000
209,800 17,300,000
Sept. 1.. 1,358,300 117,200,000
394
383
375
382
381
260,200
200,800
209,200
149,900
181,000
1001100 1.915
837,300 1,805
384
202,400
369
93,100
370
145,000
354
132,600
386
118,700
1,863
Tot.wk. 7,882,500 654,500,000 1,186,100 9?,500,OCO 691,800
WMa8tyr9,584.800 721,900.000 1,250,100 87,200,000 746,500 1.775
Deposit. With
Lec.l-
LoansSc
BANKS.
I
(00s omitted.)
HBW York
Oapi.
Swr-
Inveti- 9pecU.
AB'k
taX.
plut.
mtnt*.
Notes.
I
ISti
other
Agent. Bk».Ac
Olear^O
Deposits.
City.
»
$
f
t
t
„
22,8
66,4
948,3
86,6
100,0
81.0
66,0
300,0 207,3 2,120.0
Columbia
62,7
63,7
1.397,6
124,2
100,0
Eleventh Ward...
63.9
63,5
fourteenth Street 100,0 67,1 1,074,1
10.2
48,6
736.4
19,6
Gansevoort
?99'X
98,7
64,6
97,6 1,215,2
200,0
Hamilton
HldeALeath.Nat 600,0 230,3 ?,344,0 146,6 276,0
36,2
6fc3,6
60,4
87,8
100,0
Home
66,7 101,0
Mount MorrlB.... 250,0 87,5 1,941,9
96,9
23,2
200,0 117,8 1,176,5
Mutual
821,5
27,9 110,2
Nineteenth Ward 100,0 32,9
96,0
98,5
100,0 130,7 1,931,0
piasa
62,4
18,6
863,6
100,0 107,3
Blverslde
71,0 141,0
100,0 134,4 2,197,0
State
127,0
20,2
1,164,6
Twelfth Ward.... 200,0 112,4
82,5
42,2
958,2
Twenty-third W'd 100,0 64,7
53,6 171,6
200,0 311,5 2.421,3
Union Square
84,8
99,0
100,0 150,3 1,473,4
Torkvllle
,
--.
$
$
1,013,7
109,4
141,0
6,0 2,021,0
281,0
1,656,8
1,260.0
168,4
40,8
689,4
35,4
167,8
1,393,3
133,1
1,833,1
100,4
7
664,6
162,7
63,0 3,230,6
206,0 183,9 1,374.6
151,4 223,0 1,322,5
96,6
1,937,1
73,0
861.0
166,0
43,0
2,476,0
81,6
91,8 l,ti66,2
96,1 1,166,6
76,2
231,5
2,660,3
4i,'6 1,665,9
103.0
Messrs. R. V, Harnett
Shares
Brooklyn.
Broadway
Brooklyn
BlKhth Ward
Fifth
Avenue
Zings County
Manulact'rs'
Nar
Mechanics
Me<di'8'
<fc
Tradr'8
Nassau National.
National City
North Side
People's
1
1
Bohermerhom
Beventeenth Wart
Bpragne National,
iTrenty -sixth
W
d
160,0
100,0
300,0
100,0
100,0
160,0
262,0
500.0
100.0
300,0
300,0
100,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
121,7
132,2
163.8
37,3
57,2
60,3
428,6
406,2
197,4
550,0
544,9
107,0
121,4
62,6
70,7
218.3
66.0
1,122,8
1,381,3
1,223,7
322,1
18,2
23,3
70,0
699,9
783,4
32,3
32,0
2,344,9
3.033,3
226,6
167.7
27,6
146,0
134.0
965.4
4,022,0
2,692,0
673.6
906,7
671.1
471,1
latNat.,StatenIsl
Othcr
Cities.
lat Nat,, Jer, City
Had. Co. Nat J. C
Id Hat., Jer. City.
Sd Nat., Jer. City.
1st Nat., Hohoken
SdNat., Hohoken
26,0
100,0
60,4
78,5
400,0
260,0
260,0
200,0
110,0
125,0
738,3
634.3
386,6
208,9
433,6
116,3
174,6
171,1
38,6
50.9
274.0 653,8
142,8 171,4
62,7 10J.3
240,0 651,0
234.0 372,0
68.7
48.4
14,5
36.5
39,7
32,8
20,8
76,2
2?, 8
26,2
1.112,1
112,8
5.0
600,0
342,8
663,1
7.9
6.8
11,8
26,2
11,6
36,6
107,9
138,0
675,3
478,2
648,1
4,739,4
2,161,6
1,325,0
890,5
1,733,7
866,3
86,8
9.1
100,0
3'3,'6
20,7
36,4
,90,8
64,4
340,0
66.7
31,0
47,2
66,1
Union
37,4
Wallahout
BoR. op Queens.
Queess Co. (L.1.0. 100,0 164,6 1.623.8
Borough op
Richmond.
Bank of Staten I si
4.1
35,2
97,9
61.1
35,2
23,0
75 Intern, Bank'g &Tr. C0.I6O
669'*
10 Guarantv Trust Co
Spencer
27
4"6[5
60,0
31,0
23,5
952,0
4,324,0
3,016,0
«14,2
917,3
684,8
433.1
1,140,0
23,0
140,7
e03,7
261,7
666,1
166,8
2,640,6
1,2
20,7
242,0
81,0
66,8
36,1
119,1
42,5
24,9
25,0
89.3
160,0
6£0,8
671,7
788.3 1000,0 6,419,0
166,7
42,6 1,818,7
210,6
1,116,6
661^9
878.4
107,1
110,7 197,7 1.638 9
86P,5
61,3
61,9
6q,500,q
Totals Aug. 26.. 7,8ba,o <5,«5«?.7 63,648,0 3,822,7 3,97Q<2
Totals Aug. 19.. 7.S62,o 4,259.7 6S,(>07,7 2,So2,q\3,888,4 7,Qio.j\2,Sog,Q (><).3'3,0
Totals Aug. 12. 7,862,0 8,2J<?,7'6s,i^,9 3,7q6,<}\4,02i,7 8,130,3' 3.039,6 6q,Q32,Q
1,000 The Edison,
Jr.,
I
S^
$3,200
I
Elec. L. &
of W. Va.,prefd...J
Pow.
Co.
Shares.
6 Peabody Mills
1
!
$9
Mills.... .-..-.-. --|l&
30 Ocean
Memb.
N, Y. Prod, Exch.$80
20 Fourth Nat. Bank
1
19^
Trask &
BANKERS,
Co.,
NEW YOKK,
..
.
29 PINE STREET,
as Fiscal
act
business,
banking
general
a
Transact
Agents for corporations, and negotiate security
Execute
issues of railroads and otiier companies.
commission orders and deal in
Members N,
INVESTMENT SECURITIESBranch
Office. 67
Y. Stock Exchange.
State
St.
Albany.
ALEXANDER M. WHITB, JB
GBOBOB BABOLAY MOFFAT.
Moffat
& White,
BANKERS,
No.
16,5
Edlpon. Jr.,1
Elec. L &Pow. Co.
of W, Va., com
&
2,861,3
3.194,1
38,6
46.0
tO,0
1,500 The
SatxMtig atxd ^xunnci^X,
1,251.7
1,497.7
1.247,1
302.2
686,6
792.5
:
& Co.
80 Chatham Nat, Bank.... 31212
100 Mechanics' Nat. Bank...200i4
100Bo8t.Hart.&ErieBR,Co,$l
50 Florence & Kevport Co. .$4
sorough op
iedlord
& Son
She V^S
160 Howard Ins, Co. (part
paid in liquidation). ..$18 lot
271
50 Trust Co. of America
407
50 Western Nat. Bank
25 Woodlawn Cemetery
$175 per 8h,
By
MuUer
Messrs. Adrian H.
Shares.
52 Metrop. Nat, Baok (68^
paid in liquidation),.. $54 lot
Borough op
Manhattan.
Oolenlfcl
By
Auction Sales.
I
NEW VORM,
INVESTMENT SECURITIES
NASSAU STREET,
36
-
-
-
NASSAU STREET, NEW YORK.
FISK
& ROBINSON
RANKERS
INVESTMENT SECURITIES.
HAKVBY EDWARD
FISK.
GEORGE
Member
H.
ROBINSON.
N. Y. Stock
Eichang*
September
2,
THE CHRONICLE.
1899.]
buying 1-16 discount, selling 75c. per $1,000 premium.'
Charleston, buying 1-16 discount, selling 1-16 premium'
New Orleans, bank, 50c. premium; commercial. $100 dis"
count; Chicago. 55c. per $1,000 discount; St. Louis. 75c. per
1,000 discount; San Francisco, 10c. per $100 premium.
^auluers^ ©a^jette*
DI VIDENDS.
When
Name of Oompany.
Payable.
Books closed.
(Days inclusive.)
United States Bonds.—Sales of Government bonds at the
Board include $22,500 4s, coup., 1925. at 130i^
$500 4s,
Railroads (Steam).
;
Atlanta & Charlotte Air Line...
Boston & Albany (quar.)
Chic. & North West., prf. (quar.)
3
2
1%
1\
Delaware & Hudson (quar.)
Little Miami, guar, (quar.)
2
Portland & Runif. Falls (quar.)Rio Grande Western, com
1
1*
Union Paciflc, pref
West Jersey & Seashore
Street Railways.
Union Elevated (Chicago)
.Vliscellaneoos.
Cambria Iron
Continental Tobacco, pref
Maryland Brewing, pref
Republic Iron & Steel, pref.
Rubber Goods
2
2^2
Sept.
Sept.
Oct.
Sept.
Sept.
Sept.
Sept.
Oct.
Sept.
6
to
30
to
6 Sept. 22 to Sept. 28
15 Aug. 31 to Sept. 15
9 Sept. 1 to Sept. 8
15
to
2
1%
3
IV
(qu.)
1%
Mfg., pref. (quar.)
Oct.
Oct.
Sept.
«)ct.
Sept.
Sept.
Sppt.
coup., 1907. at 113; $16,000 4s, reg., 1907. at 112^4 $1,000 5s,
coup., at 1111^; $76,0( 3s, coup., at 108J^ to 108-5^ and $700
ditto small bonds at 108i<. The following are the daily closing quotations for yearly range see seventh page following.
:
;
2 Sept. 10 to Oct.
15
to
10
to
22
1 Sept.
25 Sept.
1 Sept.
15 Sept.
llAug.
5'8ept.
16
2
16
6
25
2
to
to
to
to
to
to
to
Oct.
2
Oct.
1
Sept 14
Aug. 31
Sept.
4
WALiIi STREET. FRIDAY. SEPT. 1. 1899.-5 P. M
The Money Market and Financial Situation.—The record
of sales this week at the Stock Exchange includes a larger
number of different issues than of late, and very near the
largest ever reported. Interest in the market for shares is
broadening, and many hitherto inactive stocks are becoming more prominent. Our review of the stock market shows
that the advance in prices has been chiefly confined to lowpriced issues, and that largely increased railroad traffic is
affecting that class of securities. Traffic returns from
all quarters reflect unprecedented activity in railway circles.
News from abroad, especially such as relates to the politi-
now
cal situation, has been regarded with interest.
American
securities were sold freely for London account early in the
week, but were readily absorbed in this market. The fact
that offerings are more limited as the week draws to a close
is supposed to reflect a less sensitive condition abroad, and
the Bank of England statement given out on Thursday is
the most favorable one recently issued by that institution.
OflFerings of commercial bills are increasing in the market
for foreign exchange, the supply even now is in excess of
the demand, and rates have declined. The money markpt
has been firm in anticipation of September first settlements,
but there seems to be no evidence of a scarcity of funds,
and if reports are true in regard to the large offerings by
Western banks, it seems likely that the supply will continue
good.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2% to 4 per cent. To-day's rates on call were 3 to 4
per cent. Prime commercial paper quoted 4\4 to 5 per cent.
'
This
is
1898.
lg97.
Aug. 27.
Aug. 28.
Pacific
.
59,022,700 89,022,700
75,292,300 74,363,900
672.091.8001560,874,500
14,123.300 13,418,400
760,234,400 636,996,000
155,968.700 92,628,100
55,433 2001106,138,600
211,401, 900 hl98,766,700
190,058,600 15?,*? 49,000
Aug.
•lOOifl *100i3 *100is •100 ifi
*108ifl nosis •lOSHi *108i2
ICSifi 10834 *108i2 108\
1001*' 100 1«
lOSi^lOSi*
losi^nosii
*io8"
10814 *\6h' -ids'
•112J4 '11214 '11214 11214
*113
*130
130
*113
*113
SepL
31.
108
*108
113
113
xim *llli4
*113
iim
;
no sale was made.
issues.
Stock and Bond Sales.— The following shows the volume
York Stock Ex-
of business in stocks and bonds on the New
change for the past week and since Jan. 1
Sales at
T. Stock Kxch.
Government bonds...
State bonds
KR. and misc. bonds.
Total
Stocks— NO. shares
Par value
Bank
—
— Week
end. Sept. 1.
1899.
1898.
jV.
$116,700
—Jan. 1
$645,100
437.000
15,878,700
$11,112,200
2,703.563
$257,797,700
$16,960,800
660.828,620
2,351,30(1
$231,033,200
122,76.5,120
$ll,.S96,59tJ,500
.$6,801,292,525
$550
$317,950
$127,560
$7,451,220
1,727,300
651,650,100
§570,256,780
70,289,758
.
210,576
533,326
606.029
427,840
487,477
438.315
$20,588,850
49,945,350
56,804,650
41,572,600
47,052,450
41,833,800
$1,023,000
2,464,500
1,821,500
1,934,000
2,240,000
1,473,000
$3,500
2.000
16,000
18,000
2,703,563
$257,797,700
$10,956,000
39,500
Monday
Tuesd.ay
Wednesday
v»
Total
sales
$11.694,5a0
1.990,700
556,571,510
of the daily transactions
Stocks.
Railroad, <ec. State
U.S.
Shares
Par value.
Bonds.
Bonds.
Bondg.
Week ending
The
1.—*
1898.
39,500
10,956.000
shares, par value
Friday
to Sept.
1899.
We add the following record
$3,000
11,700
5,500
58.500
38,000
$116,700
on the Boston and Philadelphia Exchanges were:
Saturday
Monday
Wednesday
58,922 ,700
Surplus
77,382 ,600
Loans & disc'nts 756.789 900 Ino 9,056,000
Circulation
14 072 ,400 Inc.
95,600
Net deposits
858,13 ,100 Inc. 6,934,100
Specie
172,381 ,100peo 1.235,100
liegai tenders ..
54,531 ,200|lnc, 264,800
Reserve held
226,912 SOOIDeo 970,300
Legal reserve
,775 Inc. 1.733,525
AUQ.
30
*130ie *13Ci8 *130l6 13016 '130ie
'130 ifl 130ifi 1301a '130ie *130i«
IIII2 mils IIII2 miifi
mi»«
-Feb. lll»s *llll2 mils mils lllH mii«
and Wabash
Tuesday
Capital
Aug.
29
Virginia fund, debt 2 3s of 1991 at 86 to 873^.
The market for railway bonds has been generallv steady,
with transactions at the Exchange averaging about $2,0 0,000 par value per day. Missouri Kansas & Texas 2ds were
by far the most active, and advanced 2 points. Atchison
adjustment 4s advanced over a point on a demand which
brought out a large amount of the bonds. Oregon Short
Line issues were conspicuous for activity and an advance,
which in the case of income A 5s amoimted to 6 points
on the proposed plan of exchange for Union Pacific issues.
Other changes were nominal in the active list. The latter
includes in addition to those already mentioned, Baltimore
& Ohio, Colorado Midland, Erie, Kansas City Pittsburg &
Gulf, Colorado Fuel & Iron. St. Louis Iron Mountain &
Southern, St. Louis Southwestern, Southern Pacific, Union
Thursday
Differen'sfr'm
Prev. icetk.
28.
State and Railroad Bonds.—Sales of State bonds at the
Board include $2,000 Tennessee settlement 3s, small bonds,
at 95, $21,000 Alabama class A at 109i^to 109?^ and $16,500
8,175,000 francs in silver.
1899
Aug. 26.
Aug.
the price bid at the morning board
Sept 1, 1899.
Saturday
City Clearing-House banks, in their statement of Aug. 26, showed a decrease in the reserve held of
$970,300 and a surplus over the required reserve of $12,378,525. against $15,082.350 the previous week.
-Mch.
-Feb.
-Feb.
-Feb.
-Feb.
-Jan.
-Jan.
-Feb.
-Feb.
-Feb.
reg.
28,
3s, 1918
reg.
3s, 1919
coup
3s, 1918, small reg.
38, 1918, small, c'p.
4s, 1907
reg.
coup.
4s, 1907
4s, 1925
reg.
coup.
48, 1925
5s, 1904
reg.
5s, 1904
coup.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £694.142, and the percentage
of reserve to liabilities was 50*28, against 48-96 last week; the
discount rate remains unchanged at S'^ per cent. The Bank
of France shows a decrease of 3,800,01 "francs in gold and
New York
Aug.
26
Interest
Periods.
30
Sept.
Virginia-Carolina Chem., com...
1
West Side Construction.
$4
' Payable in preferred stock at par.
The
477
Thursday
Friday
Total
Listed
-Boston.—
Unlisttd
shares.
shares,
Bond
«
Philadelphia.
Listed Unlisted Bond
5.909
4,222
5,808
8,723
6,278
3,872
sales.
$53,000
67,800
18,825
94,400
28,500
60,500
shares.
31,057
53,387
44,118
55,051
42,301
84,135
2,549
19,102
15,809
10,481
11,838
11,605
20,232
41,201
37,659
48,789
50,364
26,958
sales.
$220,800
271,200
271,600
130,700
370,850
170,200
260,049
34,812
323,025
71,384
225,203
1,435.350
shares.
Note.—The
total of sales on the Boston Exchange for the week
ending Aug. 25, omitted last week on account of non-receipt of our
telegram f-T Friday, were as follows: Listed shares, 331, 12t) unlisted
:
shares, 67,490
;
bonds, $147,470.
Railroad and Miscellaneons Stocks.—With a few excepmarket has b?en irregular and unsteady this
Surplus reserve 12,378.525 Deo 2,703 825 21,343,300 39,517.700
week on a volume of business averaging somewhat more
Note Returns of separate banks appear on page 476.
than 500,000 shares per day. Of the railway list Chicago &
Foreign Exchange.— There has been an increasing ten- Eastern Illinois was the most prominent feature. It steaddency to weakness in the market for foreign exchange, ily advanced to 98, which was a gain of over 21 points within
owing to a better supply of commercial bills and a limited two weeks, and the highest quotation recorded since 1887,
demand. There was a little better inquiry to day, however. This is reported to be due to largely increased earnings,
To-day's actual rates of exchange were as follows: Bank- which foreshadow a higher dividend rate. North Western
ers' sixty days' sterling, 4 83@4 83}^; demand, 4 86d4 86i4;
and St. Paul & Omaha were also exceptionally strong.
cables, 4 ^Q%@4 87; prime commercial, sixty days, 4 82>^@
They advanced 4 and 10 points respectively, on rumors of
4 825^; documentary commercial, sixty days. 4"81?^@4 83; a closer alliance between the companies. Missouri Kansas
grain for payment, 4 S2%@4: 83; cotton for payment, 4 81^ & Texas preferred advanced between 2 and 3 points, as did
@4 82: cotton for acceptance. 4 82i^(S4 82^^.
Mobile & Ohio. The local traction issues were irregular,
Posted rates of leading bankers follow:
and Atchison preferred. Southern Pacific and Reading 1st
preferred each declined 2 points or more.
1
September 1.
Sixty days.
Bemand.
Of the miscellaneous list all the iron and steel stocks
were active and strong, led by the new Republic Iron &
iPrlme bankers' sterling bills on London.
4 84
4 87®4 87»«
Steel, which advanced over 6 points, on the enormous cur" Prime commercial
4 82i2®4 82%
rent business in the iron and steel industry. Consolidated
Documentary commercial
4 Pl\®4 83
Paris bankers' (francs)
5 2178®213,e 5 18iii.-5;18% Gas fluctuated over a range of 123^ points and Laclede Gas
A^msterdam (guilders) bankers..
3978® 3m 16,,
40i8a>40a,e
a range of nearly 7 points. American Sugar Refining moved
[Frankfort or Bremen (reichmarks) b'kers
94s,,®94i4
9?'®95ii«
upward about 4 points. The Tobacco stocks were irregular.
The following were the rates of domestic exchange on International Paper was weak on rumors that the dividend
iNew York at the under-mentioned cities to-day: Savannah, is likely to be passed, and declined 6}4 points.
tion?, the stock
THE CHRONICLE.— STOCK
New York Stock Exchange—A Daily,
478
prices
Sattirday,
Monday,
Aug. 28.
•18
•18
41
19
•4C!4
•18
19
41
f6
74«
23>6
6696
54
5594
7394 7394
10396 10694
•32
lOiH 103^10494
103
•82
•74
32
76
98
•97
76
97
97
54
97
54
11854
119H
59!^
64^ 54H
5794
28!^
135!^
•50
85
8794
la7H
89>fi
'126
59
59
85
"l5« "le^
94 96^
79%
38%
•10
•40
2994
136M 137
18591 1361^
•50
55
83%
59^
59
29
S9M 20^
16«
Idii
83
9594
82>«
97
85
39J<
10>i
39^ 41
IDH lOH
42
•41
183^134
136H
54
91
16H 16«
98%
85^
40}<
•10
41
176
74
•9754 98
5396 5454
11894 11954
5896 59
2856 29H
13554 136
52
5494
90
9196
13596137
51
HI
52
98
129
133
1654
1654
96%
1654
9696
1694
S894
8354
83
84
44
96
83
42
43%
425^
4S54
low
»56
1054
•954
lOH
9594
43
176
29
6654
5494
42
13396
175
•41
43
1339618496
177 177
165 165V6
41
41
134H 13356 133%
177
5175
175
16596 165
16554
Sept.
W.
1.
STOCKS.
Y. STOCK EXOH.
qfihe
Week.
Shares
A nn Arbor
*V Do
19
41
100
23% Atoh. Topeka & Santa Fe. 87,66£
61^ 665t
Do
pref 143,41{
8,305
55
6594 Balt.&Ohio,vot.tr.cei tf s.
6,150
Do
7356 74
pref
103W 10594 Brooklyn Rapid Transit. 255,277
•32
Buffalo Booh. & Pittsburg
100
•7654
Do
prof.
pref.
.
9794 C'<anadlau Paolflo
Canada Southern
55>6
U894 119>« Central of New Jersey ....
5756 5854 Cent.Pac, Speyer&Co.ctft
& Ohio
Chicago Burl. & yulncy...
Chicago Consol. Traction.
Chicago it Bast. Illinois.
.
Do
pref.
Chicago Qreat Western...
Do 4 P.O. debentures
Do
Do
83
43
10
43
5p.o. pref. " A"..
4 P.O. pref. "B"..
Chlo. Indlanap. & Lonlsv..
Do
pref.
MUw. &
13456 Chicago
17694
Do
St.
Paul.
pref.
860
60
1,933
1,519
5
•5
22
•2154
81
2156
81
554
2256
22
2154
•80
"2256
ii" "ix
2154
81
8O94
8O94
•5
556
•32
2254
•21
31%
80
66
554
•21
8054
81
31%
215<
8054
8054
8154
8094
Lake
Brie
&
Western.
Do
. .
pref
Lake Sh. & Mich. South
30156 810
80154 310
67
67 70
67
•65
70
70
Long Island
82
80
8254
81% 80V6 8154 81% 82
8156 8256
8094 8156 Louisville & Nashville.,..
11254 11354 112% 11594 11456 11596 11454 115
11356 115
11294 11454 Manhattan Kiev., oonsol
etropolltau Street
S06 306^ 307 209% 2085« 3115^ 30554 209
30694 20856 20656 3069«
•801^ 210
'20156
210
70
80156 210
20156 210
.
Do
16
60
•1556
•59
1896
16
60
16
1596
89%
14%
696
7754
9796
•34
•65
62
63
1456
14%
1456
5%
14%
59*
4%
14%
554
59i
illO
110
77
98
26
98
69
6794
1454
4254
4994
42H
49H
5096
1454
75
«8494
3494
•110
6b%
7756
•9754
2794
6894
149*
14%
43%
4354
5056
49
50
27 9t
47
50
50
5i
•1835< 184
1^256 184
138^ 13854 13b96 13996
14
14
•1856 1456
65
68
3456
18
1556
77*4
9796
2756
1496
4194
16
61
17
62
554
110
16
•60
1696
1654
110
78
98
28
182
77%
98
68M
68
98
88
68
1494
44m,
14
1456
50
51
18456
138)^13896
13
1494
75
•69
75
3456
•8356
34%
15
4aH 45
•63
5
7656
•9656
•24
6756
1456
7794
9754
•24
6656
14
44
49
27
69
14
77%
Minneapolis
98
27
68
Minn.
&
recta...
St. Louis...
Do
2d pref.
A S. S. Marie.
pref.
Do
Mo. Kansas & Texas
St. P.
1456
Do
4554
4956 Missouri Paolflo
4956 Mobiles Ohio
44
4896
455i
5054
4994
Bl. (Chic.)
pref.
Mexican Central
596 Mexican Nat'l tr.
Michigan Central
•110
77
97
Do
66
15
14%
596
•110
,
7654
•2456
4%
63
.
rights
West Side
Met.
19
1856
pref.
4956 4994
4956 50
4956
4956
{18i«56 182H Morris & Bssex
•18254 184
18256 184
Central & Hudson..
188 13854 13856 139>6 18856 14056
N.Y. Chlo. & St. Louis.
1356 149i •1394 1454
1456 1496
Ist pref.
•68
'68
•68
Do
75
75
75
2d pref.
Do
34
85
84
34
34
8496
NT.
New York & Harlem
N T. Lack. & Western.
N. y. New Haven & Hart.
N. Y. Ontario & Western.
. .
•314
219
8756
26%
If'
48
•46
•84
6354
18596
7756
•9656
•3896
6256
•3454
219
{21856 81856 •816
2694 37
8694 27V6
275i
"
-37
2654
2554 2656
54
73
7156 7256
72-M 73V6
5756
5696 5756
5554 5654
78
77
76
7856
77%
4854
4756 4H94 •4794 48H
76 7756
77
77
47
47
48
48
4756
•85
90
88
90
85
•63
65
64
6354 63
18596 1359618656 185
135%
7756
7796 78
7754 77%
98
99
98
98J4 97
23
28
2296 2254
2256
6294
61% 6354 61
61%
3494
3394 8454
3394 3894
Bid and asked prices
;
217
2696
2594
Ful F— Stock.
lit mort 7s 1900. J&J
B'way & 7th Ave Stock.
Bieeck St
Si
—
lltmor
tdmor
.
.
5s 1904... J&D
68 1914.... J&J
3S%
41
loi;^ 103
380
•
104
10556
• •
108%
Stock Bxch
Oon &i 1948— See
B'waySar 1st 5s gn. 1924
.
112)6
Ist.
115
105
117
106
360
«180
lltM6t
in Pk N A B Riv— Stock 195
Donio) 7(1 1903... J&D iflS
370
Id Dslnt as rental. 1905
Central Crosstown— StooS
1922
C
Ask.
M&N
3e%
26
72
78
56
5696
7754
78
7254
5654
7794
47
4854
7756 7756
4754 4'
8794 8794
6554 6656
13856 13556
57
7754
2796
2754
7256
57
56
47)4
6556
135% 135
7754
22'4
62)4
34
2254
6194
38% 33H
38%
77)6
•46
7756
•46)4
•85
63)4
90
77
99
6194
219
87
8694 Norfolk & Western
pref.
Do
72)4
56% Nor. Pao. Ry., vot.tr. ctfs.
pref.
Do
77%
47)6 Or.RB.&N.Co.vot.tr.cfs.
Do pref., vot. tr. ctfs.
77)i
26)6
71)6
78
47
•86
6S56
13554
6196
1318
26%
47
77
9854
23
220
47
§77
98
22
no sales on this day.
Bid.
•816
26)6
OUTSIDE SECURITIES
Mtrect Rallvfny.
NBW YORK CITY.
220
27
77
99
•9794
28)6
99
60H
32%
62
t
XV
Ex
7
175
Chrlgt'p'rA 10th 8t-Stock 170
Col* 9th Ave 58-Se« Stock Bxohl Ist.
163
150
Dry D K B & Bat— Stock.
120
1st gold 5s 1933... J&D 117
Scrip 5s 1915
F4A 103 105
Blghth Avenue Stock... 400
—
108
Scrip 88 1914
42d & Gr St Fer— Stock.
400 480
84
42d St Man & St N Ave.
80
Ist mort 6s 1910.. MAS 117)6 118
8d Income 6s 1915. J&J
88
91
Lex Av& Pav F 5s-See Stli Hxch IRt
Metropolitan — See Stock KTOh Int.
.
1
St.
L.
voting tr. ctfs.
Ist pref., vot. tr ctfs.
2d
pref.,
div.
acd
voting tr ctfs.
rights,
t
81
Oct
Oct
S8)6I>M
May
76)6Sep
90)6Jan
68
99 De«
79)4Dm
Mar 78%D«fl
Mar 34 Sep
9 U6096-\ug 81
31)4Feb 8
149i,4Feb 18
17>4Mar
3
Apr
Dm
83540ct
3696DM
85%Mar 18554DM
e896Apr 99
10054t<ep
1
49 Apr 66 J'n«
13254Sep 1 108 Jan l]3)6Feb
8094Jan 83
9).6Feb
18 Aog
10356Aug 13 71)4J'ly 85 Deo
85)6Aug 89 28 Mar 54 Dee
44 Auk 89 20 Apr 32 Nov
12)6 Apr 35
11
7 Feb
49 Apr 17
23 Apr 38)6J'ly
13596Aug 34 83)4Apr 12094 Dee
177 Aug 31 140 Apr 166)6Dee
168%Sep
llS^Mar 143)4Dea
200 J'ne 27 168 Jan 19 1)6 Nov
27
122%Jan
80 Mar ll4%Dee
'
8 125 Sep
65 Mar 94 Dee
16 185 Sep
1148 Jan 170 Nov
7 2554Mar 27
996Mar
4)6Jan
3 5656Mar 27
22)6Jaii
37)6Anf
4
63% Apr 10 25 Mar 47)6Aug
10 10894Jan 26
77)6Mar 97 Dee
1154Mar 195<Jan
5 1894 Jan 28
23 45 Apr 26
43 Nov 58)i8ep
3
Apr
3)6Deo
296Aug
25
5 Apr
SJiAng
l6)4Feb
11 Apr
16)4Jau 19
42 Jan 24
2954APT 4396Feb
3ii
3l96Feb
15)6Apr
8 22)6Jan
23 May 4196Dee
38 4554Aug 18
1
40 Jan 72)6 Dee
97548ep
10 Mar 1894 Nov
3254May 15
36 Aug 49 Nov
65 May 19
5 115 Nov 28 Mar
25 Jan
10 May 17)6Deo
30 Mar 2^
195 Mar 13 tl22 J'ly 180 J'ne
756Dee
3)6J'ly
9 Jan 28
18 36 Sep
1
13 65%Ang 81
96 Apr ll596Dea
122 Jan 23
654AUK 24
11
16%Aug
16)4May
36
70
Mar
Jan
17 Jan
4 3)6 Jan
Before payment of assmt.
1f
Street Rall^rayo.
—
—
Ninth Avenue Stock.
Second Avenue Stock.
Bid.
180
208
1st mort 58 1909. .M4N 109
Consol. 5s, 1948.. .F&A 120
203
Sixth Avenue Stock
Son Boulev 5b 1946.. J&J 4118
So Fer 1st 6s 1919.. A&O «110H
Third Avenue— /S'ee tJtock Bxoh
38th & 29th Sts Ist 5s. '96 }114
Twenty-Third St— Stock. 395
J&.T 106
Deb 5s 1906
Union Railway— Stock... 190
flnlon Ry mt 5s 'i'i.VhA 113
.
—
.
.
.
Ask.
190
230
114
113)6
list.
116
* • •
108
800
n6
11)6 Dee
Apr
5%0ct
15 Apr
4256Deo
3
Jan
25)6 Dee
5)6 J'ne
15
80
May
8
Deo
1856J'ne
34 Jan
J'ne
Oct 33)iiAng
53 Oct 83 Aug
17094Jan 315 Deo
59)6Aug
40 Jan
44 Apr 6554Deo
90 Oct 12054Jan
12554Mar 19494Deo
12
7i^Deo
4)6 J'ne
%Deo
l)6May
9954Mar 118 Deo
24 Mar 3894Deo
46 Mar 78)6Deo
7 Mar
6)6Mar
1454Jan
Apr
10
2894Mar
41
Jan
22 Mar 46i<Deo
84 Nov 32)6Feb
ll67)6Jan ?180 Deo
105 Mar 124%Deo
1194Mar 1596Jan
73
28
Jan
Feb
76
Mar
40MJan
5330 Jan 5358 Oct
(120 Apr 5188 Not
517854Jan 201 Dee
1396Apr
1154Apr
42)4Mar
l9%Dee
Feb
4454De«
349iJ'ne
48H8ep
Deo
57 Nov
91
19
l996Dee
e3%De<
66%Mar 79%Be«
86)6 J an ei^Aoc
66)6 lUar 78 Not
79
J'ne
69 8«V
11094Mar 138%D*e
88%Jan 63%Dee
57 Mar 84)6l>ee
l5)6Mar
36 Mar
17940ct
8896Uaa
6494 D<0
29
RAILWAYS,
Jtil
Street Ratlwaya.
<&g.
Bid.
Westohest 1st 5s '43..J&J JllO
820
11056
181
754Mar
25
All assessts. paid.
consecutive FAQm).—87 REB7
Ask.
Bid.
A
pref.
~D eading,
33)6
1
iio
Ist pref
Do
22)6
§Le88 than 100 shares,
Railway.
Do
Do 2d pref
6596
18654 Pennsylvania.
7754 Plttsb. Cin. Ohio.
(Given at foot of
Street
Pactuo Coast Co
48
90
Jan
lOMApr
22^Mar
44)6Mar
14 Aug
14 Feb
8,152 14854Jan
14
5 May
10,'91 28 J'ly
12,385 5454May
4,193 110 J'ne
1,445 10)4Mar 7 1594Aug24
8,492 42)6May 31 6252Aug 25
700
794Jan 13 16 Mar 22
6
1,110
7 Mar 15 18 Jan
800
5)6Feb 1
3 May 9
700 15 Mar 2 23)4Aug86
32 Jan 2£ 32 Jan 25
700 1494J'ne 9 2254Jan 27
1,001 60 Jan 16 81)4J'ly 28
196)6Jan 5 208 Jan 84
5e)4Jan S 85 Apr 4
51,040 63 Mar 6 83%Aug 81
3
4 13396Apr
37,390 97 Jan
13,910 18794 Jan 11 269 Mar 2h
1354AUK 14 UyiJ'ly 21
13)6Aug 12 19 8ep 1
3,22
1,493 4456May 5 62 Aug 30
17)6Apr 27
6,285
6 Jan
6 Aug 28
Jan 6
13,695
1
21 118 Jan 13 116 Jan 24
8,000 8554Jan 6 78 Aug 2 9
600 7854Jan 7 98XAug 18
894Jan 24 37)6May 18
1,241
1,150 39 Feb 10 71 May 19
4,950 llJ4May 10 14%Jan 30
36,880 3056May 31 45^Aug31
89,720 3894J'ne 1 52)6Apr 4
14,120 33 Jan 3 52 Aug 28
42 176 Jan 3 5185 J ne 1
27,925 12194Jan 3 14494Mar 29
800 12 J'ne 29 1994Jan 23
79 Jan 23
65 Mar
1,010 29)6May 24 41 Jan 23
5360 Jan 25 5390 Mar 14
129)6Jan 27 S138%Marll
180 5198 Jan 19 5222 Apr 20
21,672 1896 Jan 3 28%Mar 8
24,835 1796Mar 17 2896Aug 23
6 74'.4Aug 23
6,837 6196Jan
65,617 4296Jan 7 57)6Aug 84
9,197 73 J'ne 1 81)6Jan 86
1,200 38 J'ne 2 53 Jan 83
336 6894 J'ne 16 77)6Aug 30
2,770 38 May 11 51 Jan 86
130 84)6Apr 18 90 Feb 20
5 6794Feb 21
1,690 58)6J'ly
14,112 122%Jan 5 148 Jan 83
5,785 48 May 11 88 Jan 23
900 80 Feb 10 100 Aug 17
3,220 1996May 18 35 Jan 84
40,935 5l94Jan ~ 68)6Apr 4
7 8854Mar 23
6,7151 26)6Jan
31
31
Apr
11
84
99)6May 31
70 Jan 83
13294Apr 82
2
794Jan 30
1856J'ne28
3354J'ne 21
IOC
5H Keokuk A Det Moines
Do
pref.
Keokuk & Western.
•5
556
Feb
680
. .
2256
91
J'ly 19
2474Feb 23
68%Aug 24
61)6Apr 13
7956Jan 37
137 Apr 15
35 Feb 4
78 Jan 14
6754J'ne 31
3,695
1,522
3,914
.
5
Lowest. Highest,
1,141
9 Deo
9
6)4Aug88
9 Jan
SMJ'ne
9,351 155tJ'ly 14 22)6Aug 31
14 J'ne 2094Dee
2,005
896Deo
8%Jan 8
694NOV
4)4J'ly 12
1,945 4194J'nel8 58)6Mar 17
4396NOV 5094 Dec
314 16 J'ne 2 25 Mar 22
1494N0V 20 Deo
6,600 106)6Jan
3 12594Apr 20
93 Nov ll4)4Feb
6,S80 157 Jan
7 181
Aug 2 140 Oct 159 Feb
6,035 1856Jan 7 2696Apr 27
10 Apr 2l)6Dea
3,440 6856 Jan 11 80 Apr 2"
40 Apr 71961>ee
l,lo0 1354J'ne 1 33)6Jan
3
8%Apr 23)6Dee
,
,
18
4356May 83
7794Jan 3
3054Mar 24
69 May 9
8496Mar 15
100 170 Jan
8S3
756Jan
1,100 36)6Jan
6,950 4256Jan
425 94 May
500
9 J'ly
100 ?754J'ne
.
—
14 Apr 89
36 May 8
17 May 9
5096Jan 7
43%J'ne 82
7,768
8
2256
Highest,
Lowest.
22,890 2394May 31
82,024 124)4Jan 7
1,380 51 Aug 31
11,16S 5994Jan
4
100 11 294 Jan 3
39,e0(J
13 J'ne 1
8,393 8396Jar.
3
6,P0.^
509iJan 5
8,725 28 J'ne 22
200
794Jan 6
100 31 Jan
47,960 t20)6Jan
42^ 16654Jan
10,103 14 1)4 Jan
1,12 188 Jan II
25,125 107)6May 13
Chesapeake
2956
1369t
519*
100(4
13254
169*
9696
165 168% Chicago & North Western.
•201
305
200 •199 300 •201
....
Do
pref.
11994 1195611956 11954 120
1195611994 Chicago Rock IsL &, Pao.
125 Chic. St. P. Minn. & Om..
116
115
116
11656 11756 117
•175 185 •17C 185 •180
•180
•180
185 185
185
185
185
Do
pref.
14
14
•18% 149i •14
1494 •14i< 15
Chlo. Terminal Transfer..
•U
15
1356 14
•45
•44
•44
45
45
44
44
46
45^ 45!4
Do
pref.
4556
4556
57
57
57
5856 Clev. Cln. Chlo. & St. L....
5754
5656 5654
57H 57M 5796 58^6 57
99
99
V9H •98
9954
Do
9956 98
pref.
99J.6
9856 9954
9954
•8
11
IIH 12
12
13 Clev. Lorain & Wheeling.
13
12
12
1254 1254
•38
•43
44^ 44^
39
4454
Do
4454
4456 39
pref
4456
8
8
8
•756
8^ 854
8
7% •756 8 Colorado Mid., vot. tr. ctfs.
•7H
22
225<;
ai
Do
pref.
tr.
2254
vot.
ctfs.
21H 1994 2094 2056 2154 2056 21
2094
6
6
5« 594
894
594
556
696
596
594
5554
59i Col. & Sou., listed May 24
48
48
48
Do
1st pref.
do
4794 4854 54794 4794
4654 47
4794 4794 •47
•17
'17!^ 18
517
17
18
Do
2d pref. do
1794 18
§17
1756
1756 18
123
124
12456
12494
12256
12394
XI2194122
12256 1235«
Delaware & Hudson
124H 124H
l78
176
176 178
el. Lack. & Western.
17654 17656 176^ 177
17896
17756 17954 178
8396 239t
2396 24V6
239( Denrer & Rio Grande. .
22% 2354 2356 2396 2354 2356 28
77
Do
7794 78
7794 78
7754
pref.
7754 7754
7754 7756
7754 7796
SIM 21!4 2154 21% 21
2156 Des Moines & Ft. Dodge.
2156 2056 2154 •2094 2154 •SI
6
Dul.
So.
Shore
Atl
594
'554
6
1494
&
554
494
556
596
6H
69i
596
Do
1696 1696
15
1494 15
pref
1456 1456
16H 1694 1556 15% 15
•1894 14H
14
1354 1!>%
1456 Erie
1454
1496 14^ •14
14>i 1454
38V4
30
88% 36% 39
Do
1st pref
3856
8996 399t
3856 89
3994 397^
•18
•18
•18
20
20>6 •1856 2056 45'" 20
Do
18
2d pref.
2054 518
44i< 44% •44
44
45
44« 44H 415« 45
45
44
BvansT. & Terre Haute
91
94
fll
96
95
96
95
Do
pref
9754 9754
9656 9656
28 32 •27 33
Flint & Pere Marquette.
58
60
•61
•60
6056
Do
pref.
22« 22>6
Ft. W. & Den. C, stamped.
27 28 Ft. Worth & Rio Grande.
•27
27
2794
28
28
27
28
27
168 168 •1671^ 16854 167 168
166
166% / ;ireat Northern, pref.
16756 16654 18654 168
7
'r'nB.&W.,debt cf8."B'
7« 7H
754
756
796
*34"
"35%
3C
TTocklng Valley
30
2954 29H
3094 3254
3554 36
3354 35
645^
64
Do
6456
6494
65
6594
pref.
6556 65%
«3)>i
6456 6594
669t
&1594 116
11594 116
11556 11554 115
11554 11556 11654 11594 116M Illinois Ceulral.
L owa
'1494 1554 51456 1456
14
15
Central..
c
14% 14% 14
14>6 1454
145t
au54 61
61
6154
Do
pref
5856 6O54
6856 5354
5856 59
595« 6954
12
•12
•13
12
12
1<!54
13
11?8
1154 1256
13
13
Kanawha & Michigan..
11
11
11
10
11
11
10
an. City Pitts. & Gulf.
1196
11
ll9t,
1056 11
165H 165
S199« 19994
199H 200
119>< 119% 119« 120H 119
•111
116
113H 113^ 116
16396
199
Bange for year 1899.
Bangefor pr«rtOn basis of roo-sh're lots otM year a898>
1,300
2,555 5054J'ne
7,740 97 Jan
3,50u t4594May
•9656
5394
2896
13S96
5196
9754
13254
1656
9654
8154
4296
10
•41
13356
517694
[Vol. LXIX.
Railroad Stocks.
•18
•40
2296
19
41
2356
6696
5554
2296
6556
5494
7354 74
10554 10794
•33
•7554
9796 9796
54
54
119
11996
58»i 5914
2956
,.
•32
»75
83
134^134«
•174i^ 176
163 163
105H
10754
74
76
97
55
119
SiH 54« »54
119
llSH^ie
19
41
23
22«
65M
23
18
40
•18
•40
2296
8556
5454
7396
Sales
Friday,
Wtdnttday Thursday,
Aug. 30. Aug. 31.
19
41
40
23«
66^ 67H
86^ 5694
74
74k
23
em
Tuesday,
Aug. 29.
1.
Weekly and Yearly Record.
8T00K8-HiaHB8T AlTD LOWEST SALE PBIOES.
Aug. 26.
Page
(2 pages)
BROOKLYN.
Atlan. Ave., Ist 6s.. A&O
A&O
Con 5s g 1931
Impt 5sg 1984
J&.1
no7
lis
95
As>
114
116
100
4W.H. 5s 1988. A&O 101 845"
Brooklyn City— Stock.... 844
J&J 117
Consol 5s 1941
BklynCro8Btn58l908.J&J 105
BklnHgtslsl 68 1941 A&o 104
iJ'kyn Q Co.& Sub— See St ckBx. list.
B. B.
Rirlvr
Rao Tran.— See 8M) ok
Hi. Ll»t
Sept.
2.
THE CHRONICLE -STOCK
m9.]
PRICES
(2 pages)
BTOOKS-HieHMai AND LOWSSt 8ALM PBIOB8.
Saturday, if onday,
Aug. 26. ^u<?. 28.
Wednetday Thursday,
Aug. 30
Aug. 31,
Tueiday,
Aug. 29.
Bange
ScUe*
f^iday,
Sept.
N.
1
of the
Week,
Shares
STOCKS.
Y. STOCK EXCH.
Page
479
2.
for year 1899.
On basis ofno-sh're lots
lumge for preyear (1898),
viotis
Lowest.
Highest.
Lowest. BighetU
40
40 Rio Orande i WMt«m.
.1^^
1,100
2i«
26%Jan
4
4 8% Feb
81
81><
3
82
38 May 38 Anc
83
83% §84
84
Do
2,450 66 Jan 8 83%Aug 81
6
pref.
*5H
6
•5)4
•6)4
6
•5%
50%Mar 69;<Aiic
6
•6%
5% C t. J. A Q. lil. Tot. tr. cts
51« S2
3%J'ne
24
6
50)4 50)4 •49
Jan
9
•50
62Jt
51
6%Dec
•60
53
892Feb
'6*27
53
^
Do
ISM 1594 13H 16
Irtpref.
88%May
24
66
•15)4 16
Jan
•14)4 15% •14% 16
46
Feb 63 J'n«
•14% 16)4
IS
350
2d pref.
13
9 J'ne 1 17'4Jan
113^ ll'/i ills liH
12
c. P<1
12
•11%
18
Dec
12
33)4J>n«
11%
11% St, L. A 8. Ft., TOt. tr. ctf s
•71« 74
1,665
8%Jan 6 14%Feb
}74
74
•71« 74
•71% 74
•71% 73
6 Mar
9%NoT
71%
Do
ist pref.
113 64 May 13 75%Jan
38
38H 38
37)4 37)4 •35% 37
53%Mar e9%D««
87)4 87%
lY^
371^
Do
1,090 83)4Jan
17
2d
pref.
6
iOH 1B« nfl)4 17
44%Jan
16%
32%Feb
35 Not
16% 18% 16% If St. LouU Southweitem.
88
i.eoo
88« 88H 38V4 37)4 88)4 37% 38)4 37%
6%Jan 4 18%Aug
Jan
7%Dm
38% 37% S8>4" „ Do
73
13,065 17 Jan
7374
pref.
70
3 40%AUK
73^ 65
70
67),^
70
66
Mar
18 Dm
70
69
69%
St
Paul
101
4
Dalntb
101
1,025
'100
36
Jan
5
lOlH 100 101)4 100
73%Aog26
100 101% 100 101
iJ'ly
38%Dm
3SH 89M 38)4 89H 37H 38)4 37% 101%
100 98%Jan 5 106 Jan 33
pref
Apr; 100 Dec
38% 37% 88% 31% 38 „ Do
Pacific Co
151,855 37 May 9 44 Jan 31
18% la« 13^ 12)4 13
12% 12% 12% 13% 13% 13% Southern
Apr
85
De«
34,610 10%Jan
6 14 Jan 16
55^ 64)4 559i 54% 55% 55% 55% 54% 65% Southern, voting tr. otfg.
Apr 10%Dm
pref., vot. tr. otf»
22
52,710 40%Jan 4 55%Aug 39
21% 21% 31% 21
81H 22
23%Mar
TDo
43%Deo
21H
31%
21%
21)4
eiaai Paolflo
183!4 183^ 180
6,010 17)4 Jan
5 25%Mar 1
185
180 182
182 182
8%Mar 30%Dm
181
183)4 180
183
'15
bird Avenue (N. Y.).
80
700 167 Jan 11 342 Feb 37 145 Oct l94%Feb
•15
'15
•15
20
20
•15
20
•15
30
20
Toledo
•80
<k Ohio Central.
40
30
•30
Jan
ao 40
•30
21
39
40
Apr
4
§13
40
•80
Aug 36 Sep
•30
40
40
35 Jan 25 43 Mar 32
pref.
„ Do
•65
35 Aug 48 Oct
•65
67%
Twin
City
Rapid
Transit.
38
Jan
U36)< 137
3 78 Apr 17
16% Jan 3a%De«
47^ 47 ?< 47J6 48
100 118 Jan 9 141 Feb 24 107%Dec l07%Dee
pref.
„
46% 47% 46% 47% 46% 47% 46% 4
UDo
nlon Pacific By
81,004 3S%J'ne 20 50%Feb 21
80
80J«
79)4 80%
79)8 80
16%Mar 44%Dm
79% 80
79)4 80)^" „,Do
70,144 72 J'ne 1 84%Jan 23
...pref.
•7%
8% •7% 8% •7% 8
45%Mar 74%Deo
§8
8
Vl/
abash
100
88J4 23M
7)4J'ne 19
23)4
23
8%Jan 24
23% 32% 23% 28
6%Mar „9%Ao«
23
22% 23
*» Do
IIH IIV^ 11)^ ll)t 11% 12
pref.
6,120l 19 May 34 25)4Apr 5
11% 12% 12% 13
14)4Mar 24%All«
18% 18?S Wheeling & L. H., new
•06
16,47.5
58
55
•55
8%J'ne
1
58
•5«
18
Aug
68
31
56 58
58
68
58
Do
2i0 50 J'ne 29 64 Jan 30
27^ 28^ 29
let pref.
29
29
29
28
31
30)4 81%
80
31% „ Do
18!< 18H
7,152 31%J'ne28 33%May 13
3d
pref.
18
18
18J6
18%
18
18
18% 18% 18)4 18)4 Wiecon.Cent. new(wh.i8.)
58
7,290 13%May 24 18%Aug84
58X 58)4 59
57% 59
68
68% 58)4 59
58
Dj
68),
pref. (when 188.)
8,674 48%May 26 69 Aug 38
iniscellan'ci Stocks.
•113 115
113
115
SI14
115
114 118
114 118
•115 180
Adams Bzpress
122 §108 Jan 3 §110 Feb 35 t97%Apr 33%Dm
17H 17
17)4 17)4
18
17%
17%
17X
17
17)4
17
17
merican Car & Foundry
66
67
6,885 15 J'ne 15 31%May 25
67
67
66% 67% 66)4 67% 66% 67
67%
Do
•44
5,985 56%J'ne 16 68)4Aug 1
44^ 44
pref.
43
44)4
44
43% 43% 48% 44
43% 43% American Cotton Oil
•94
95
5,030 3 394 .Mar 6 45 Aug 23
94)4 94h •93% 94%
98% 93% 194
15%Mar 153 Not
94
§94%
94^
395 88)4Jan 5 95 May 9
^2
pref
•35H 38« 85)t:' 38H •35
•35
,
'35
88 M^r 38 An«
88%
38%
3S%
36%
35)4 American District Tel ...
142^ 145 U48 160 §154 160 1156 ie6
100 33 Jan 3 52%Mar 3
23
May §180 Feb
157 §158
§166
Express.
2,088 133 J'ne 19 160 A us; 29 §116 Ja
•11)4 12)4
11% 11% 11)4 11% 11% \\H •11 If125 American
139%Aii«
American
64
Lioseed
64
910
10%J'Iy 20 13%J'ly 22
54)4 55J4
64% 54% 553% 55
53% 53% §52
5391
Do
)8
1,780
•17
47
prei
J'ly
20
16
17)4
57%Aug 10
16% 16
16
15% 16
14% 14% American Malting
168
68
1,550 11% Sep
1
67
37%Jan 24 34 J'U 90%AtU
•86% 67
67H 67
66% 66%
Do
43
43
575
61
pref'
43
J'ly
36
43
43)4
.
87)4Jan 26
43%
43^ 43% 42% 42% 42% 429, Amer.Smelting
76%J'ly 88 Dee
91
ei«
4
4,608
Refining
35
J'ly
6
59 Apr 20
90% 91
91J4
90%
91%
9C% 91
91
90)4
Do
16^
58
4,4
80 May 31 94%Apr 20
pref.
6
6
16%
6)4
6
«5)4
•6^
6
6
American Spirits Mfg.
•28
325
8054 •28
5%J'ly 20 15%Mar 13
8O94 •2S
30% *27
6%Jan 15%J'n«
30% •27
30%
30%
88
8t
S8)4 3»H
°?
pref.'
29%J'ne
26 41%Mar 13
„
39
8H% 38% 89% 39
18 Mar 41%Ang
'38% 89U American Steel Hoop
39)t
13.018
24
83),
May
24
84
88)»
84
41%May
84%
84
3
84% 84% 84% 84)4 84 5^
ff^
Do
4,400 70 May 1
pref
58H 57Vj 67H 58% 579^ 69
57% 58% 57% 58?,
57% Amer. Steel & Wire (new) 28.590 45 Feb 8 84%Aug31
98
98
98)4 98)4
99
73 May 4
99
98?, 98%
99
99^
99
99%
Do
161^ 154
2,505 9 2)4 Feb 8 106%Mar 13
pref
163
156J4 153% 155% 154
157
156% 158% 166)4 157% American Sugar Refining. 112,947
•119 121
1120
123%Jan
120
4
'119
182
121
§119
Mar2C 107%Mar 146%Atl»
119
119 121
'119
121
Do
•99
101
•99
66 110 Jan 16 12i Mar 20 103 Mar 116 Jan
pref
101
99 101
•99
101
•99
101
•99
101
Teleg. Sl Cable.
43)4 43)4
§98 Jan 4 105 Apr 18 §88 Mar i 98%Dee
43)4 4314
43% 44
43
43% 43% 43% 43% 44 American
American Tin Plate ,,.,
90)4 90)4
6,390 33 May 34 52%Apr 4
91
90
91)4
90% 190% «l
•9U)4 91
90% 90i«
128 129^ 129 1"""
1,490 81 J'ne 1 99% Feb 8
pref'
128 131
™
A
^J*
137H 129% 127% 129
185%l2i-?s American Tobacco
188,370 t88)4J'De 21 229)4Apr 5
147)4147)4
88%Jan l63%sep
148
148
Do
15654 sen
300 133 Jan 4 150 Mar 6 112)4Mar 135%A]i8
pref'
57
58
56
57
56% 56% 66% 5654 56
56)^ Anaconda Copper
142 142
8,010 42%Mar 32 70 Apr 36
140
14U
138 143
138
143
143% \ii^ 143 144
19
Brooklyn Union Gas
1,300 185 J'ne 5 160 Mar 17 106 Mar 140%De«
1»54
19% 20
19% 19% §19
19
20
20
19
runsw. Dock 4
A C.Imp't
f! Tn
19k
2«4
4,280
9%May 9 20%Aug 14
1% 2% •2
8
7%Oct 14 J'n«
2%
2%
•2
2%
3%
8% Colorado Coal 4 I. Dev't
50
800
51)4
l%Jan 17
48
iV9^
49
5% Apr 31
1%N0T
49% 49
51
%Apr
61
52),
61
51)4
•108 112
olorado
Fuel a Iron
21,138 80% Feb 8 55 Apr 21
109)4 109)4
17
Mar S3%Dea
111
114
114%
115
Do
18)4 18)1
908 88 Jan 6 115 May 11
pref!
17% 18% •17% 18% 17% 17% 18% 18%
65 Aug 90 Deo
17% 18 Col. 4 Hock. Coal 4 Iron.
180 187J4 184 187
1,360
6% Feb 15 19% Aug 18
183 183)4 180 184)4 Xl85 193)» 189%
9%Deo
4%J'ly
192
Consolidated
Oas
(N.
8;»,590
163
•88
T.l.
J'ne
6
40
223)4Mar U 164 Oct 305%J'ne
39% 39% 39% 40
40
40
88
88 Consolidated Ice.
600
30
Aug
16
89
50%
Jan
31
89
27)4Mar S3 Sep
89
8V#
Do
48)^ 49)4
J'ly
5 97 Mar 13
49
50% "48% 49% 48% 49)4 "47% 49
83%Apr 94 Dee
"46% 47)4 Continental Tobacco pref 86,350 87
98)« 100
86 J'ne 21 65%Apr 17
99% 103% 102 103% 100% 10»% 99 103
98% 99)4
Do
78,960 78 J'ne 29 103% Aug 3t
pref
Detroit City Gas
•58)4 59)4
63
Jan 4 101 Aug 1^
58% 60
58% 60
59
45 Apr (37 Sep
61%
63
59% 60% Federal Steei
81% 81)4 81)4
53,050 46%Feb 8 75 Apr 3
82
83)4
29 Oct
82
52 De«
82% »3
83
82
82
Do
124 124
9,890 72%May 18 93%Apr 3
pref.
124
125
124% 124% 124 124)4 134% 124% 125 135 General
69%Oct 85%Dee
Kleotrio
64)4 65
1,875
95%Jan 3 125%Aug 8 76 Sep 97 Dec
65
65
64
65
§65% «:5%
64)4 6lH
64% 649, Glucose Sugar Refining!.'.
•106 109 §109 109
1,780 6^^%Apr 7 7694Mar 20
106 109
•105
66%Dec 73%De«
109
108H
108)4
Do
•114
118
•114
pref.
30
106%May
81 110 Jac 14 107%Dec 109%De«
116
114 116
115
115 §115% 1159i '114* 116
H.B.ClafilnCo
188)4 38)4
110
97
....
Jan
3
85
88)4
35
117)4J'ly
9694Deo
36
13
§87%J'ne
35% 31
84)4
31% 33 I ntematlonal Paper. ...
•77
79
19,360 81 Aug 81 68%Jan 23
77
78
70 77
76)4 77
48 Sep 67 Deo
77
77%
77
^
Do
77),
16% 16% 117
2,060
pref
75%J'ly 27 95 Jan 5
17
16% 16% •14
85 Sep
95 Deo
16% 14% 14% 1494 14% international Silver
•49)4 5sd
682 10 May 6 36 Feb 27
•4»% 53
48
49)4 •47
48
47
47
47
47
•74
Knickerbocker Ice (Chic.)
77
•74
500
45
Apr
•76
7
77
•74
77
63%
Feb
2S
54%Dec 67 Deo
77
74
77
•74
77
Do
5PJ4 62
200 73 J'ne 34 84 Feb 17
pref.
US
66% 64% 66% X64% 86% 65
81 Dec 82%Deo
66
63)4
•96
6494
Gas
(St.
Laclede
100
Louis).
10,361 51 Mar 4 8894Aug 2b
100 100
•99
100
•«8
37%Mar 54%Ang
100
•98
100
•98
100
•11
Do
23
•11
100 95%J'ly 18 102)4May 18
pref
22
•11
20
•11
85 Mar 96%Aiig
20
•11
20
Manhattan
•47
Beach
Co
47%
5
Jan
25
48
39
Apr 25
47% 47
5%Jan
•47% 48
3 Aug
47?i
•17)4 47% •47)4 4794 National Biscuit
•
101
720 41%May 16 83 Jan 21
•95% 101
99% 99% •95% lOJ
80%Aug 52%Deo
99% •9a
99
Do
800 97)4J'ly 7 107%Jan 19
pref"
31% 32)4 •31% 3i% 31% 31% 99%
Deo
94%Aug
108
31% 32
•31% 33 National Lead
1,200 28 May 31 40%Jan 20
J110)4 111)4 §111%111H 1111% 111% •110
26)4Mar 39%Aug
111%
110
113
Do
pref
145
IK
%J'ne
14
<3M
115 Jan 21
99 Apr ll4%Deo
2% 2%
Nat. Linseed Oil, tr. certfg
•5
•5
340
2 J'ly 13
•5
9%Deo
5
8%Jan 12
5%
8%Dec
5%
•5
6
5% •5
•60
6)4 National Starch
60
•50
•50
4%Mar
60
17
60
•50
May
4
3%NoT
9 Feb
8%
60
•50
50
60
00
Do
•8
1st
15
•12
pref
48 Apr 20 50 Mar If
15
•12
15
•12
60 Mar 80 Jan
15
•12
•12
15
15
Do
2d
pref
13 Mar 17 28 Feb 9
65H 50)4 55% 5«% 53% 56)4 55% 58% 56
12%Oct 30 Jan
57
55% 66 National Steel
9,020 43% J'ne 2 63 Apr 34
98
98% 98
98
•97% 98%
98
98% 97% 97%
oo
•37
40
•37
pf^jt;
2,015
85
•87
May
40
15
•37
89
99%
Aug
11
39
•37
39
NewC«nt.Coa] (new stock)
185
37%Apr 14 43 Jan 25 40 Oct 43 Sep
185 190
'186
191
.'
51 2 177
170 170
N. y. Air Brake
i',2'o*6 112
Jan 3 330 J'ly 19
14 Apr 130 Sep
18
15
18
Do
lights
18% 12)4 •12% 12% 12% 12% 12)4 13% 16
2,?00 15 Sep
1
18 Am 31
12% 13% 12% 12% North American Co
•8
•8
9
'8
14,020
J
an
6
9
6%
7%Deo
13%/'.ug 8
9
4^Jan
8% f% •8% 8%
8% 8), Ontario Silver
47
47^ 47% 47% 4 6% 47)4 §47%
6 Mar 23 10%Apr 27
6>2Deo
3%Jan
47%
46%
47%
46%
Mail,
47),
Pacific
119)4 120)4 120
2,975 43%Jan
4 55 Jan 30
120% 119% 120)4 119% 130
31 Apr 46 Deo
119%
12'^)=;
181%
119%
e
eop'r8Qas-L.4C.(Chic.)
80)4 60^
28,165 101 May 13 139%Apr 3
60
60
59% 59H •59% 60
86%Mar 113 Not
59)4 59)^
59% 59)i Pressed Steel Car
189% fe9J4 89% 89%
1.385 4494J'ne 1 61 Aug 14
89)4 |9%
89)^ 89%
89% 89% 8b% 89%
Do
167)4 159
pref
3,238
159 159
78
May
25
159 15«
90
Apr
13
158% 158%
159%
Pullman's Palace Car.
28)4 2i)4
90u 156 Jan 30 164%Jan 4 xl32Nov 316 J'lr
22% 24% 24% 87% 26% 38%, 159%
38% 39% 2S% 29)4 Rf public Iron Steel... 82,604
75
74)4 -22)4 Aug 26 2P%Aug 81
74% 75% 74% 79
77%
78)4
77%
77i4
Do
78%
•80
pref
60% •60
•60
27,269
11^
74)4Aug 26 79 Aug
60)4
80% •59i4 60
5^%
60
•58%
60
il'^er Bullion Certlfs.
C
9
60
9
Apr 2] 65 Apr 28 56 May 60%Sep
9
9
•894
9
8% 8%
8% 8% •Standard Bope 4 Twine
95% 97% 96)4 98% 95% 97% 96
1,250
7 J'ne 1
13 Jan 1(
3%Jan 10%Ang
97
95% 96% 96
9-94 '^renn. Coal Iron 4 BB
31,275 36 Jan 14 100 Aug 21
17 Mar 38%Dee
150
-*150
Do
•82% 83
pref.
100 111 Jan 4 160 Aug 22 §80 Aug 106 Dee
83
34
33% 83% 33
33% •82%
32% 33)4 I jnion Bag 4 Paper
4.605 24 J'ne 1 45 Mar 28
§4% 84% 84
8494
§85
85% H4% 84% 84 "38i4
^' Do
84% 84
84
151% 61% •50
pref.
3,315
76 May 31 89 Mar 29
52% •50
52% §51% 53
§53% 52% 50
5-2% United States Express...
»% 10% 10
160 {46 J'ne 9 60 Jan 12
10)<
9% 10%
38 Apr 58%Dee
9% 10% 10% 10%
United
10%
9%
States
76
Leather
76
15,175
78% 76% 76% 76% 75% 76
5%J'ne 7 lI%Aug 24
8%M»y
6%Apr
78)4 76%
Do
75%
75)^
60
60
pref.
8,633
§60
68 J'ne 1 78 Apr 4
50
50
60
53%Mar 76%De«
49
49% 49% 49% 49
50
United States Rubber
116% 117
1I5%118 U15%lie% •115% 118
2,875 42%Jau 6 67 Apr 5
14%Mar 48)4Anf
116
116
•115% 118
Do
pref.
191
1,400 111 Jan
200
•191
3 120 Jan
201
9
•191
60 Mar ]18)2l>Mi
201
§190
195 •191 201
Palace Car....
i's'd" 130% 181
Wagner
34 181 J'ly 17 §195 Aug 31
131
133 133
134
134
135
186
183 138
ells, Fargo 4 Co
88% 89
950 1125 Jan 10 135 Aug 31 §113%My ii*3'i%l>""
88
88% 88% 88% «88
88% 88% 89
88% 89 Western Union Teieeraph 7,056 87%J'ne
1 98%Jan 24
83)4Mar 96J4A.
Bid and asked prices no sales on this day.
§ Less than 100 shares.
t Bx div. of 100 p. c. in t onds.
Old stock, t Ex 100 p. c. stock div.
Ex ligotj.
(Givbk at poot of 7 OONSBCUTIVB VLQ^a).— SI
dec
87
•79
87
81
37« 37^
37)4
•79)4
.
.
.'
,
.
.
. , ,
>
. .
.
.
. .
,'
'
'
. .
-.4
','.
I
. .
^\c
-.^9
. .
. .
§
;
.Street Railway.
laLCem Qr.4B'kynlst
Bid.
s Ill
oney Island 4 Brooklyn. 350
Ut 5s 1904
J&J 108
6i certfs lndbtl910.J4J 102
B'kC.ANew 58 •39.J4J }114
l'r.8t.4New lBt58'08A4O 104
^
I
'P't
4 Lorlmer
St. Ist as.
Lings Co. Blevat
!
3
pref....!..!'.
95
76
I«t4slrf48....
102%
117
A40 114%
J4J
97
REET RAILWAYS,
Street Rallwava.
NewWmbg4Fll8tex.4)48
NY4 Qus Co 5s 1946.A40
Stelnwayl8t68l923.J4J
OTHER
Bridgep Tr-lst 5s'38.J4J
Buffalo Street
Stock.
Ist consoi 5s 1981. F4A
Deb 6s 1933
Chicago City
Stock..
CitUens' St (Indianap.) ..
Cleveland City Ry
Cleve City- 1st 68 '09. J4J
RR—
115)4
97)4
Bid.
105
i*l*5*
Ask.
107
116
M4N
Street
Railway.
Bid.
Cleveland WJectno Ry.
94
Con 5s 1913
M&S 106
Columbus (Ohio)— Stock.
Con Ss 1932.— Se« Phila list.
Crossfwn— 1 «t 58
lOt)^
Kansas City El 6s
no
Bonds 4s
I 88%
.
CITIES.
By—
5
B'lrdp
assauElec
5»J944
1C6
108
Stock
Inoomes....
Ask.
112
•;
I
OUTSIDE SECURITIES
no8
110
100
117)^ 119
112
293
88
114
397)4
36
101
102
106% 106
I*ake 8i (Chlc)Blev-Stock
deb 68 1938
J4J
Loulsv St By— 5 p c bonds
Common.
Preferred
T
18
97%
118
61%
Ask.
95
107
106
'
Orleans City Ry
28
Preferred
9794
North Chicago— Stock..-. 24t»
112
1st 5« 1906-16
J4J «105%
9054 North Jersey St.— Stock.
88
New
Boads
18%
97% No Shore Tr (Bost)-Com.
119
55
1C9)4
ynn4Boe-lst 68 '24.J4D {117
Bid.
Street !Rall ways.
Meirop W. 8.(Onio).— a'ee St. Ex. Lilt.
Minneap St Ry-5s 1 9. J4J ?110)4 110«
180
9>)4
IS
85
27
98%
3bX
96
18
Preferred
fl7
Frov 4 Pawt'ck-lstes '33 «113% 1169<
iiohm Ry4Eleo-l8t5s'30
65
78
{ Buyer pays accrued
inter est.
THE CHRONICLE—BONJ
480
BONDS.
W.Y.STOCK EXCHANGE
Week Ending Sept. I.
Alabama Cent. Sc< Sou Rj.
labama Mid 1st on g. 1928 M-N
Albany &SnBq. SccD&H.
Week's
Range or
Sept. 1.
Last Sale.
Ask
98^
See Penn Co.
I. SfeCenofNJ.
1995 Q-Jt
AnnArlorlgtg4s
BONDS.
N.Y. STOCK EXCHANGE
Jan. 1.
Week Ending Sept. 1
Low. High
since
Co
High. No.
Loic.
101
98
J'ne'99
102J-^
Allegheny Val.
Am Dock &
Atch
9S
T & S Fe gen g 4s. .1995 A-O 102H
1995 A-O
1995 Novt
1995 Novt
1902 J-J
Registered
Adjustment g 4s
Registered
Equip trser
Chic&
Ag 5s
Lou
St
1
102>^
102%
101
Mar'99
88^
87?i
88Vi Sale
MS
934 J-J
99%
100
78
423
83
96«
103Jg
1021^
88\i
1
..
Jan.'99
100!^ Aug'99
A
97«
198
9556
100%
iboji
10 iii
253
98
102^
111
J'ne'99
107"^ J'ly'98
1911
2d consols 78
1081-^
112
J
A-O
93% 94
32^ 32^
10% 13H'
108H 113
123 130^
Jan.'99
1281^ May'99
103
89
103M Aug'99
Feb
89
LouisvN
112
107% 111
Jan.'99
32J^ Jan.'99
12 Feb '99
1st Spr'gfleld Div Ts.l905M-N
1932 J -D
1st genera' 5s
Beech Creek. See N Y C 4 H.
Bel & Car. See Illinois Cent..
K & T.
Boonev Bridge. S<f
'99
106
89
BkQCo&Scongug5s..'4] M-N
F-A
100
115
1141^
117»^
107
107
100
Sale
115Vi
32 108
107
"l6
Apr '99
lOOM
117)^ 117^
1059i 108^
29 lOU
104^
Bnff N
T & Erie. See Erie.
1937 M-S
BnffR&Pgeng5s
1947 J -J
Debenture 6s
1061^
F-A
1922 J-D
107H
no
110
J'ne'99
Sale
129
129
103
Boch&Pitt8lstg6s.. 1921
129
Cl&Mahlstgug5s...l943J -J
Buff & Southwest. See Erie.
1 St g OS.. 1 92 7 F- A
Bntf St M & S
Bnff&Susq 1st gold 5g.. 1913 A-O
W
9 13
A- O
M&StLlstgug7s....H<27J-D
*110
1011^ 105
108^
108^
106
117
117
1171^
111
110!^ 1101^
11014 Feb '99
111
CRIF&NWlstg5s.l921 A-O 109^
Canada South lst5s...l908J-J 108!^
2d 5s
1913M-S 108
Registered
1913
Carb & Shawn. See 111 Cen.
Car Cent. See Scab & Roan.
Carthage & Ad. Se«NYC&H.
May'99
A-
1934
Registered
129
Apr '97
105
O
1906 J-D 108H Sals
BnrCR&NlstSs
Con 1st & col trg 5s.... 1934 A-O 118%
1
107^ 111
127U 129
128 130H
105
Jan.'99
105
108H
10 108
1081^
Sale
M- S
UIH
Aug'99
106
Jan.'97
109
110
105
lllM
112
UP 1st g4s.l 948 J-D
89
Central Ohio. See Bait & O.
CenRR & B of Ga— Col g 5s'37 M-N
Cent of Ga Ry— 1st g 5s. 1945 F-At
.
97^
Sale
41
12
5
Sale
97^
42
43
12
120
102
120X
10('^
Mar'99
102
10914 112
1121411214
24 1131^ 122H
10 112^ 121^
99
102)4
aiu 99
114
10314 10414
.
106% Aug'99
103^ 109
Mar'99
1081^ Mar'99
103
lOS".^
1
M Sale UlM
Apr '99
Apr '99
120M
M&S
Debes 1911
J&D
3d 6a 1933
aoBlde Bl (Chic)— Stock.
Dnlon Trac (Chic) Subs.,
united Rys (St L)—Com.
J
lstSouthwestDiv6s..l90v- J-
Ist La Crosse & D 5s.. 1919 J1st So Minn Div 6s. ... 1910 J
1st Hast
Div 7s... 1910 J
58
1910 J
Chic & Pac biv'os! ". 1910 J
1921 J
Chic & P
Ist g 58.
Chic & Mo Riv Div 5s. 1926 J
108%
J'ly '99
105H
106
Aug'99
106
98
81
108
80
. .
Mineral Point Div
Chic&LSn Div g
Wis&Minn Divg
121H 119>^ J'ne'99
128
121% 18154
119^ 119« 119
119M 117 J'ne'99
96^ Sale 96!^
97H
*118J<
97%
97%
'
104
99
104
100
103
.
.
31
198
3
Aug'99
.
101
102?^ Aug'99
J'ne'99
Feb '99
106% Feb '99
108
100
lOlJi
1015^104
108 110?i
100
83
99
106
82
KW^ 90%
Preferred
140
138
Subsc rl ptiona
1C2
Tr&Klec(Prov)-8t'k
104
Dn'd
118% 119^
WMt Chicago oi
M&N 1106% 108
Cod 1930
31
33
Worcester (MaaslTr-Com
Preferred
106% 106%
104
(Given at foot of
Gas
18%
Securltlea.
NEW
Bid.
Ask.
rORK.
Gas—
J107
108
Con Gas (NY)— Stock— YStk BsQb
Deb 58 1908
H&N 106 110
118
Bqult Gas
116
Ist 68 1899
F&A «101 102%
Con. 5a 1932
Mutual Gaa
N.
M&S ni2«
Amaterdam Gas, Com.
Pref
lat oonaol
5fl
.
.
NorthlUinoislst 5S...1910
Mil LS&Wlstg6s... 1921
Convertible deb 58..1907
Ext&Impsf g 58... 1929
Mich Div Ist gold 6s 1924
Ashland Div Istg 6s 1925
Incomes
1911
Chic Rock I & Pac 6s. .1917
Registered
1917
General gold 4s
1988
Regisiered
1988
Des M & Ft D Ist 4s. .. 1 905
1st 214s
1905
Extension 4s
1905
Keok&DesM 1st 5s.. 1923
Small
192r
Chic & St L. See At T & S F.
Chic St L & N O. See 111 Cent,
Chic St L & Pitts. See Pa Co.
.
.
2dgold4^s
114
105
Cin
. .
Due June.
106% Aug'99
114« Ang'99
105% 108
114 116%
137^8 Aug'99
115% 11514
10314 NoV98
134
Aug'99
107
106%
114H
137}i
115^
107
115
100
106
113
300
J&J
1st 58 1944
J&J
Consol 58 1945
Nor On l8t 58 1987. .MAN
Standard Gas Common.
Do preferred
—
lat Sa 1930
MAN
34)4
BROOKLYN.
84% Brooklyn Un Gaa— N Y
59
69%
263
noo%
101
105
19
107
101% 105
100
105
105
105
111% 111%
120
124
138
109% 117%
107
116ii 1169i
115%
114)4118%
....
....
100
92
104
170
170
99%
108
108
161% 171%
Aug'99
170)4 Aug-99
160% 170
160 171%
170
'170
•119
170
120
120
121
129«
nii«
•121H
•121J4
121«
•120
J
122)^ J'ne'99
J'ly'99
118)1 May'99
13714 J'ly'99
106)4 May'97
115)^ J'ly '98
112
112
171
112% 122%
20
120%
•108
161
J'ly'99
Aug'99
Aug'99
120)4 Aug'99
109)4 Dec '98
123 May'99
122 Aug'99
122)4 Aug'99
112 Aug'99
•120^
108)4
119%
170>i^ J'ly'£9
170
•170
120
120
118% 123%
129 132%
121% 123%
at 118% 124%
118% 125%
110
112%
122% 122%
alO 119
115
123
118%
137% 137%
10
112% 118%
108% 114%
105)4 Feb '98
J
j-
J
J
Q
nai
J•115
118
•
120
•109>< 111
A
110]4 111
M
M
M
A
A
F
125
J'ly'99
112)i
115
116
109
Ul%115
112% 114
112W
115
116
115
J'ne'99
J'ly'99
108
J'ly'99
109^ Mar'98
118
118
'.'.'.'.'.
F
Yoia
Sale
J'ly '99
106
109k
109
Nov'98
107% May'98
108
124
M
M
M
113
113
F
125
F
J-
M
Oct.'98
J'ne'99
124
117J^ Feb '99
111 Jan. '99
114
114
111
113
lilli
141% Aug'99
105^ Feb '97
Sale
123
Dec '98
146
J'ly'99
J'ne'99
J'ly'99
114%
J-
•133%
134
JJ
J
J
J
J
•132)<
10714 Sale
132H Aug'99
10714
107%
107% Apr'99
98% Apr'99
87%
87%
98% May'99
98
8814
9»
A
A
135K
144J4
....
98
J'n6'99
138
Aug'99
127%
'.'.'.'.
134>i
•
114
99
127%
Mar'99
140
132%
138%
69
89
106
122
99%
120
i
140
136
Oct.'e7
May'98
140
140
139%
3 131
14 93% 102%
120% 123
88% 99%
120
120
112
113
30
103% Aug'88
May'99
89
Due May.
Aak.
84%
Gas
t4
112
135
118
98
99
Ang'98
Securltli*.
C1T1M8.
OTHBK
IC4
Baltimore Conaoild»t^-S»
lis
108
96
180
140
1.0
Inoomea
Boaton UnltedOaa Bonda-
St ook B zota
lat con 5a— N Y Stock Ezoh.
Willlamaburg Gaa— lat 6b {100
108
70% eix
87% 98
95% 87
99% 103%
a These are option sale*.
Bay State Ga»—
110
ioei.<;
"
141
127% 138
Aug09
103%
146
114% 114%
131% 136%
132 134%
53 104% 110%
105% 107%
98
98%
"3 83
87%
98% 98%
aid 109% 114
J'ne'99
113
87
T Due Jan.
117% 125%
99
91)i Aug'99
8614
85
87 J'ne'bS
108H...
111
114
139% 143
J'ne'97
J'ly
124
117% 117%
)25
1*5% 138
>l
84
109
106% 106%
102% 110%
106% Feb '99
108
109%
103
Q
Bid.
111%
117% i is"
117% Feb '98
"'109"'
M
120
116
106% 110%
105% 109
121% 123
105% Mar'99
122% Aug'99
119M Dec '98
110
126
142% 145%
145
112% Ang'99
J
A
A
A
J'ly '99
121
125
145
•125
145
pages).— (9'^/S' SECURITIEb,
Gaa 8ccurltle».
N Y Blec Lt Ht & Pow 48.
Gold 58
N Y & Bast River Gaa—
113
125% 151%
115% 11651
"o 105% 113%
M
I
113% 117«
104% 105
109i>i
113M
•12314
Q
Registered
1990 M
Spr & Col Div Istg 48.1940
Val Div Istg 4s. 194C J
Due Nov.
Ang'09
Mar'99
Aug'99
100
Apr'99
105 Aug'99
113>g
1>3H
111% J'ne'99
124 J'ly '99
J
ClAk&Ceq&2dg6s...l930 FCI & Can 1 st 58 tr rec .1817 JC C C & St L— Gen g 4s. .1993 JCairo Div Ist gold 48.1939 J8tL Div 1st col trg 48.1990 M-
t
1.
119H
107H
1921
1905
1937
1941
WW
since
Jan.
J'ly'99
1165i J'ne'99
107 J ly'r9
102^ 102?^
J
.1
Range
1^
ASk. Lotc. High. No. Low. High
J
.
f 7s
7 co>rsEcuTivB
Central Dnlon
Ist 58
Last Sale.
J
Escan&LSupl8t6s..l901 J
Des Mo & Minn 1st 7s. 1907 F
lowaMidland 1st 8s.. .1900 A
WiE ona & St Pet 2d 7s 1907 .M
Mil& Mad 1st 6s
1905 M
Ott C F & St P 1st 5s .1909
Coupons off.
H & D con s
106
Sept. 1,
D & 1 1st gu g 5s.
115«
CIStL&C. SwCCC&StL.
117^ 121
Cin S & C. See C C C & St L.
II614 119
909i 975i City & S Ry Bait Istg 5s 1922 J-D
92% 97% Clearfield & Mah. See BR&P.
104
100
J'ne'99
109
104
Ask.
. .
.
II614 119)4
11 11814 123
95H May'98
lOlM Apr'99
100«
5s..l 910 I
5s.. 1921 J
5s. .1921 J
1914
Terminal gold 5s
Far & Sou assu g 6s. ... 1 924
Cont sink fund 5s
1916
1916
D8k&GtSog5s
Gen gold 4s series A. .1989
Registered
1989
Gen gold 3148 series B.1989
1989
Registered
Mil&NolstM L6S...1910
1913
1st consol 68
Chlc*Northw-Con 7s. 19 15
1902
Gold 7s
Registered
190
SinkiDgfund6s 1879-1921'
1879-1 929
Registered
Sinking fuLdSs.. 1879-1929
.1879-1929
Registered
Sinking fund deb 5s. .1933
Registered
1933
25-year debenture 5s. .1909
Registered
1909
30-year debenture 53.. 1921
Regis ered
1921
Extension 4s. .1886-1926
Registered .... 1886-1926
Gen Gold 3!4s
1 987
1987
Registered
Cin
•120
119
'.
StP&S City Istg 6s.. 191t<
1221^ Chic Ter Transfer g 4s 1 94 7 J 105
Cb & WestI Istsf g6s.. 1919 MGeneral gold 6s
1 932
10914
Chic &West Mich Ry 5s. 1921 ?:
107^
106% 106%
these are latest bid and asked this week, t Bonds due July,
Bid.
17
J
J
J
J-
A
Jan. '98
121?^ J'ne'99
104J^ Apr'99
Week's
Range or
103
J-
112^125H ChicStPM&Ocon6s..l930 JCh StP& Min 1st 6s. .1918 \i
107 11014
Nor Wisconsin 1 st 68.. 1 930 J
112 112
123i| J'ly'99
J-J
10714
105M 108^
llli4ll3M
120M 120%
UIM
120M Mar'99
107
112
101
116M
.
Railway.
Ry
7^
1081^ Mar'99
OUTSIDE SECURITIES
Street
15
116J^ Ang'99
Guaranteed gold 58.. 1938 A- O
& Sav st g 7s. 1 936 J - J
Ches & O— Gold 6s ser A. 1 908 A- Ot
Gold 6b
... 1911 A-01
iBt con g 58
193b M-N
Re. istered
1939 M-N
Gen gold 4!^s
1992 M-S
Registered
1992 M-S
R & A Div ) St con g 4s 1 989 J-J
1 988 J-J
2d con g4s
Craig Valley 1st g 5s..l940J- J
Warm Spr Val Istg 5s 1941 M-8
ElizLex& BS gug 5s. 1902 M-S
Chic & Alton sink fd 6s.. 1902 M-N
liOu&MoRiv Ist 78.. 1900 F-A
2d 78
1900M-N
ftoohester
121
99
& Co
Ist gug 68... 1907 J -J
;
44>4
11
6
J'ly'98
J'ne'99
J'ne'99
120
Sale
ctfs
No price Friday
38
5
.
"Western Pacific g 6s..l89t
.
20
Dec '98
12C^ 120^
100^
"ysii
NJ South int guar 6s.. 1899J -J
Cen Pacific— Ctfs dp A. 1898
Speyer & Co ctfs BCD 1 899
Speyer & Co ctfs dec E 1900
Speyer & Co ctf FGHI. 1901
San J oaquin Br g 6s ... 1 900 A-O
Speyer & Co ctfs
11
Guaranteed g 5s
1939 A-O
Speyer & Co eng cts
Land grant gold 5s
1900 A- O
Speyer & Co ctfs
C&ODivextg58
1918 J -J
Speyer & Co ctfs
1
91%100M
6^ Aug'99
B
l.e»Hud Reen gug5s.'2 J-J
Am Dock & Imp Co 58.1921 J-J •116^
•
96
41
112^ Mar'99
I
Charles
95
116^ 120
12
95
96
102
110
Leh&WBCconas7s.l900Q-M
5s
1912M-N
Noof Cal
Apr '99
96
93^
1
.
Speyer
89
J'ly'99
117)^ Aug'99
945 F-At
1945 M- N
1945 M-N
Ist pref income g 5s
1945 Oct.*
2d pref income g 5s ... 1 945 Oct.*
3d pref income g 5s... 1945 Oct.*
M&NDivlstg5s
1946 J -J
Mobile Dlv 1st g 5s.. ..1946 J -J
MidQa& AtlDiv5s.. 1947J-J
Centof N J-lst conv 7s. 1902 M-N
Convertible deb 68. ... 1 908 MGeneral gold 5s
1987 -J
Registered
1987 Q- J t
Registered
Consol gold 58
Registered
1 st 7s $ g R D.'02
£ gold RD.... 1902
lstC&M7s
1903
Chic Mil & St P con 7s.l905
1st I & D Exten 7s
1908
1st 78
.
CRlaF&N. SfeBCR&N.
Cen Branch
Price
Friday
138
Refunding g 6s
1947 J
Chic Milwaukep & St Paul—
M & St P—
[Vol. LXIX.
l.
•ii'iii 11214 11134
.1947 J
5s.
W
116
Brnns&Westlstg4s...l938J -J
Registered
A&Ch 1st 6s.. '10
'.
1945 A-O
Bklyn Rap Tr g 5s
Bk City 1st con 5s.l916.'41 J-J
Consol 1st 6
M
M
M
.
&D
M
Bway&7thAv. SceMetSRy
Bklyn Un El 1st g 4-5sl950
Bklyn & Montauk. See L 1 si.
1913 MConvertible 5s
1903 MIowa Div sink fd 5s ...1919 A4s
1919 ADenv Div 4s
1922 F
Southwestern Div 48.. 1921 MChic & Iowa Div 5s. .1905 F
1927
Nebraska Bxten4s
1927
Registered
Han&StJos con 6s.. .1911
Chic Bnr & Nor 1st 5s. 1926 AChic&EIll. Istsf cur 68.1907 JSmall
1907 J1934 A1st conges
Gen con 1st 5s
1937 M1937 MRegistered
Chic & Ind C Ry 1st 5s 1936 J
Chicago & Erie. See Erie.
Chic Ind & Louisville —
Debenture 5s
ChicInd&Lrefg
Mar'99
108
94
B & O S WTer Co gu e 5a.'42 M-N
-
110
102
97M
2043 Novt
2043 Dect
Ohio&Misslstcon4s.l94T J
100)-^
i'o's" Dec"''98
B&OSWlstgug4i^s.l«90 J
B & O SWRy cong 4}^sl993 J-J
B
108
110
S'«
Bid,
Chic & Alton (Con)—
Miss RivB 1st sfg 6s.. 1912 A-O
Chic Bur & Nor. SeeCB&Q.
•113^
Chic Bur & Q— Con 78 ... 1 903 JSinking fund 5s
1901 A-
.
- J
latino g 5sser
87?i
'99
Feb
83
Atlan & Danv Ist g 5s. .1950 J-J '100)-S
Atlanta & Char. See Sou Hy.
Austin &NW. See.SoPsc.
Creek & S. Sre Mich Cen
Bat
alt & O prior 1 g 3J*s.l925
97M 97H
1925 J - J
Registered
1948 A-Ot 101 Sale
Gold 4s
1948 A-Ot
Registered
BaitB'ltlstg5smtgu.l»90 Vl-N
1990 A-O
WVa&Plstg5s
MononRiv Istgug5s.l91fc FCen Ohio R 1st c g 4i^^s 1930 MPitts & Con 1st g 4s. .. 1946 J - J
Series
30
177
96
19 If
St 6s..
AU At Bklyn imp g 5s
9j
Sale
Sale
Page
(5 pages)
Range
Pnce
Friday
Bid.
PKICES
Bnffalo City Gas— Stock.
1st 6a Bonds
Ohloago Gas— Sm N Y Sto
Cloero Gaa Co lat 68
tnolnnatl Gas & Coke...
Cltr Gai .Norfolk Va) ....
lat 6a
tPrlcei
J And Intereet
dkc.
Sept.
2,
THE CHRONICLE -BOND
1899.]
Pnes
BONDS.
C
Wbbk Ehdinc Sept.
CC&StL (Con.)
Week'M
Banff e or
Ltut Sale.
Friday,
N.Y.BTOOK EXCHANGE
Sept. 1.
Bange
01nW&MDlTlitg4i.l991 J-J
Oln I Bt L &
Ittg 4i.l93e g-Fi
A$k.
96
•
Low
So
High.
•103
95
102
104^
IO414
1936 Q-Ft
1920 M-N
BsgUtered
h.y. stock exchange
1.
Wbbk Ending
Oonsol 6t
Oln 8 & CI oon Istct 6s.l9a8
lit pf 7i. .1900
Ind Bl &
OInd&
Ittpf St.. .1938
87
P«o ft Baat lit oon 4i. 1940
30
1990 Apr
Inoom«4t.
01
C ft Ind coniol 7i..l914 J-D
Ooniol sinking f d 7i. 1 9 1 J-D
S«neral oonsolgold6s.l934 J-J 137
1934 J -J
BegUtered
OftSfstMCOC ft 171.1901 A-0
01 Lor ft Wta oon 1st Ss. 1933 A-O
OtoT ft Marietta. See Pa RK.
01«T ft Mahon Val g 6i. 1938 J -J
Beglttered
1938 Qn-J
OI«T ft Plttt. See Penn Co.
Ool Mldl'd— 1st g3-3-4s. 1947
65^
Istg 4s
1947
73
Col &9ou Istg 4s
1929
87
Ool ft 9tta At. See Met St R7.
Oolom ft Qreeny. See So Ry.
118H J'ne'99
103X Apr'99
WW
Sale
Sale
88
88
372
87
29>^
138H
81
J'ly'99
136%
137
.
Sale
118«
103H
lisii
103J4
mi
23
88H
134)^ 137)^
Sale
lb8)i io8U
10S«
108
\OZM
184i^J'ne'99
128
134)4
62
69
76
90
65
66
73« 72
73H
86
87
291
27
65
70
85H
H
Col &
Val. See Hock Val.
Ool ft Cln Md. See B ft O.
Ool Conn ft Term. Sm Nft
Oonn ft Pas Rlvs 1st g 4s.*43
W
A-0
DakftatSo. SMCMftStP
alias ft Waoo. See M KftT.
Dtl Lack ft Western 7s.. 1907 M-S
Btt Bing ft N T Ist 7S.1906 A-O
Morris ft Bssez 1st 7s. 1914 »I-N
7
7
134
1871-1901
litoongnar 7s
1916 J-D
Registered
1915 J-D
MTLaokftW 1st 6s.. 1921 J -J
Oonstraotion Ss
1923 FTerm ft impt 4s
1923 M-N
Warren 2d 7s
1900 A-O
Beglstwed
1917
Alb ft 81s Istoonga 781906
Registered
1906
Sold 6s
1906
Registered
Bens ft Bar lst7s
1906
1921
1921
BegUtered
108)4 ill"'
141)4 145H
140
138
108!^
108
146
143
U6H
101
Bagiitered
70M
8««
C
ft
110
111
114^
JeffRK lBtgagoldSs.1909 A-05
Imp Ist oar6s.l918
QreenLgug 58.1946
ft
ft
1946
Brie Istoong 4s pr bds.1996
Begiitered
1996
lat«ongenlieng4a....l996
Kegistered
1996
F-A
F-A
M-N
M-N
J-D
Hid RRofNJ fstg6sl910 A-0
aeanftLSup. Sm Oft NW.
BorekaSprlngs Istg 6s. 1933 F-A
BrftTH lstoon6s.....l931 J-J
Itt general gold Ss....l949 A-0
Mt vernon 1st 6s
1933 A-0
Snli CoBr'oh Ist gSs.. 1980 A-0
Brftlndlttoongug 61. .1926 J -J
Fargo ft 80. SMChM&StP..
FUnt ft Pere M g 61... .1920 A-O
Istoonaol gold 6s....l939 M-N
.
104
108)4 IIST^
103)4 109?^
Apr'99
68
106
Ul«
72^
Sale
110
A-0
1st land gr ext gold Ss. 1930
Consol gold 5s
1943
Ft S ft V B Bge. See StL&SF.
Fort St U D Co Istg 4^81941
Ft
ft D C— l8t g 4-68. 1921
Ft
ft Rio Gr lit g 3-48. 1 928
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-J
W
W
•
No
price Friday
•113
ibeii
124
123
106
H&
L
L.
(K storla) Ss.
123
106
108
105
J
D
J-J
•
.
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Leh
31
80
,
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«
98
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100
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38)4
57)4
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93
101
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103
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101
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100)4 Sep.'98
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104
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91 J4
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81
103)4 J'ly '99
103)8 Apr'99
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May'99
133
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128
Aug'99
130
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106)4
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Montank Bz gn g Ss. ..1940
La ft Mo Riv. Su Chi ft Alt
L B ft 8t L Con on g Ss Tr oerti
Qeneral gold 4i
1943
Loti ft Naih—Cecel Br 7s 1 907
Securlttea.
Fort "Wayne (Ind)— 8to Jk
lit6i 1925
J»J
Grand Rapids— Stook
iBt Ss 1915
F&A
Hartford (Ct) Ga8L...25
Gas— Stk
MftN
Indianapolis Gas— Stock.
Ist 68 1920
MftN
Jersey City Gas Light.
Laclede Gas— N Y Stock
Lafayette (Ind) Gas— Stk
1st 6b 1924
MftN
. .
Bid.
63
75
104
106
t
43
55
104
.07
J'ly'99
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95)4
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71)4
73
7
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68
78
108
108
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122
110
103
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1937
1940
1940
April.
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118
109
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8
66
.
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107
Jan.*'99
60
114
117
109
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81)4 86
Ist 88 1926
A&O {107 HI
Ohio 4 Indiana— Stock
48
60
Ist 88 1926
JftD
67
69
Peoples Gas ft Coke— N Y Stook Bxoh
Philadelphia Co— 8m Bos ton L lat.
Bt Joseph (Mo)
43
45
Ss 19S7
J4J
96
100
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63
65
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Jan.'99
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98
99
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100
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95
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1930 J -J
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<iiaa
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131
120)4
120)4
111
J'ly'99
03)4 J'ly'99
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NYftRBlstg6s....l937 M-8
8d Inoome
1927 Sep
NYBftMBoong58..1935 A-0 M06
BklynftMon Istg 6s. 1911 M-S lis
Due
a«»«««
••
.
General gold 4s
1938
Ferry 1st gold 4)4s.. ..1922
Gold 4s
1932
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1 934
t
• •
104)4 106)4
181
Feb '99
9494 Dec '98
90
Nov'98
92
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80
65
100
100
P F.
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Mar '98
105M
105)4
•
General gold 6s
1930
Pensaoola dlv gold 6a. 1920
BtLdlv Istg 6s.
1921
8<lg3s
1980
Nash ft Deo lit 7s
1900
180)4 1>«
100)4 107
110
100
101
101
9394
.
Met St Ry
R4M Istg SsSee
1937 Trotfs
ft
114)^
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Aug'99
105
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103)4 ioTV
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1st 8s 1908
73 101
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113)4115
106
Long Dock. SMBrie.
Long Isl'd— 1st oon g 6t.l931 y-J! 183
Istoong 4s
•108
1931
98
105)4
.107)4 J'ly '99
105
80
6SH 65
Hud
Cen o f N J
ft WUkesb. Su Cent NJ
Leroy ft Caney Vai. SmMoP.
106
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101^
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104J4 Jan.'99
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119)4
.1
lat gn g 6a. 1938
111«116« Lex Av
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Oonsol Gas (Pitts)
Pref
1st 6s
140
72
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M-N
M-N
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J-J
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139)4 141)4
106
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100
101
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88)4
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81)4
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87)4
ft
65
125
A-O
A-0
1941
Ss. .1945
1933
^**,^4®?-:
T
Leh ft N Y 1st gu g 4e. ..1945
Registered
1945
Bl C ft N Ist g 1st pf6s.l914
96"
66
J-D
Si:i92
181
140
106)^ Aug'90
182 J'ly'99
Sale
M
Pao.
Registered 58
1997
Istgng4)4s..l940
Registered
1940
Leh VTerRy Istgng Ssl941
1841
r ^''fJ,®**,
L V Coal Co
121
106)4 106)4
143)4 1459i
••••••
138
ft
Bale
'
W
these are lat€8t bid and asked this week, t Bonds due August
Gaa SecurUien.
nity
o^*"!^?*3dgold48
1931
Iowa Central Istgold 58.1938
Iowa Midland. See Ch ft N
Jefferson RR. See Brie.
Leh Val (Pa) ooUgSs..l997
11«X \IQ%
88)4
«8)i
111)4 J'ly'99
135
J-J 104
A-O 107
M-N
M-8
M-8 65)4
.
2d gold Ss
North Ohio 1st gn
115)4123)4
131
131
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OUTSIDE SECURITIES
Col Gas
IndBlftW. SMCCCftStL
Keok ft Des M. S«« C R I ft p
KnoxvUle ft Ohio. See 80 Ry
Lake'Brie ft
1st gSs.193'7
104M 111
aa««««
•
100
113)4 J'ly '99
112)4 Nov'98
106 J'ne'99
108)4 Apr.•9^
.
S««
K ft 1
Kanias Mid. Sm St L ft S F
Kentucky Cent. Se« L ft N
70
112
••
May'99
101?i
W
W
92K Ang'WS
98>«
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•
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NYNH4H.
&HV
111M116
93^ May'99
73)4
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iVo"
101
oon g 4)48.1999
•J 101)4 Sale
Registered
1999
J
Col
Istextg 48.1948 A-O
110
Hoast B ft
T 1st g 5s.l933 M-N
104)4
Honi ft Tex Cen- See 80 P Co.
Illinois Cent 1st g 4s. .1951 J-J •112
Registered
1951 J -J
1st gold 3)4i
1951 J -J 104
Registered
1951 J -J
1st gold 3s sterling.. ..1951 M-S
„R«8l«t«red
1961 M-8
Coll Trust gold 4s
1952 A-0
Registered
1962 A-O
L N O ft Tex gold 4s 19SS M-N •105)4
Registered
1953 M-N
Coll tr 2-10 gold 4s.... 1904 J-J
Registered
1904 J-J
Western Line Istg 4s. 1951 F-A
Registered
1951 F-A
Louisville Dlv g 3)4s .1953 J-J •103
104
Registered
1953 J-J
8t Louis Dlv g Ss
91
1951 J-J
92
Registered
1951 J-J
Sold 3)48
1951 J-J
Registered
1951 J-J
Cairo Bridge gold 4s. .1950 J-D
Registered
1950 J-D
Middle Dlv reg Ss
1931 F-A
••aa aaaaa
Spring Dlv Istg 3)48.1951 J -J
Registered
1951 J -J
ChioStLftN OgSs..l9Sl J-D •128
Registered
1951 J-D
Gold 3)4s
98
1951 J-D
Registered
1951 J-D
Mem Dlv l8tg4s.. ..1951 J-D •106)4
Registered
.1951 J-D
BellevftCarlst6s.. .1933 J-D •i20)4
St L Sou 1st go g 4s .1931 M-8 106
111
Carbft 8 Istg 4s.... .1932 M-8 • 95
LehVN Y
92W
106
Ist
KCPAGlit&cSlg
93^ Feb.'99
U4X J'ly '99
.
Pt Huron Dlv Ist g 58.1939
FlaCen ft Pen lit g 58..1918
onsatonio. See
Kan C
Aug'99
"92"'
Xow.Si«ik
Aug'99
Deo '98
HanftStJ. SMCBftQ
Hock Val
KCftMRftBlitgug5i.l92«
107)i 108
106 Feb '99
lieM Aug'99
Sale
105
VGA
SwLSftMS.
K*^4.^/??an ft Mloh. See Tol ft O C.
•
-J
1937
Qeneral g 5s
1940
Terminal 1st g 5s.. .1943
Regis 96,000 eaoh 1943
WilkftBaalst gn g Ssl942
99
I06M Apr'99
143H Aug'99
143 Dec '98
141J< Aug'99
140
Feb '99
93
Jan.l
Ask. Low. High.
P Co.
1909
105)4109
109*' Oot."'98
-J
-J
-J
Ltut Side.
Ist coDSol g Ss
1945
Ga Car ft No 1st gn g 88.1929
Georgia Padfla See 80 Ry.
Gila
Nor. Sec So Pac Co.
Grand Rap ft Ind. Su Pa Co.
L
J -J
J
J
J
6s.l937 J
ft
S«« 8
W
105!^ AuK'99
100>^
101
109)i Aug'99
I06>t
luSK
\UH.
Sept. 1.
ita«7«
1.
Ind Deo ft
1st g Ss. ..1935
Ind III ft lalstref g58..1948
IntftGt No lat gold 6s. 1919
93
90
J'ly'99
121
May'99
i\6\i Aug'99
121
J'ne'99
M-N
Small
W—
Jan.*99
181
106
M-N
M-N
J-J
M-N
Cmicft Brie lit g 5s... 1982
Goal ft RR Ist gn 68.1922
N Y 8 ft
1st ref
adgold4Ws
93
Fee*'*
Bangeor
'
llOJg J'ly'99
M-8 •131
M-8 •lie
A-O •121
J-D •106^
M-S 14l«
M-S
A-O •ui"
J-D
J-J
J-J
1919
1923
1980
1928
W
NT
May '98
PriM
HftH of '82 lit 58.191
Ala Ry lit pf g 58.1945
LSftMS.
109«
O.
4tlieitgold 5s
5tlieztgold 4s
latconsolgold 78.. ..1920
1st oonsol gold fd 7s.. 1920
Long Dook oon gold 6s. 1 935
BnffN T ft Brie Ist7a.l916
Baff ft 8
gold 6s.... 1908
email
1908
Dook
Aug'99
141
70
Blm
No. SeeLeli&NT,
rielstextg4s
1947 M-N
Sdeztgold Ss
Sdeztgold 4Us
108)4
•aaoaa at
W
8.
108)iJ
90
1937
Sd lien mortgage 6s ... 1 9 1 J -J
DnlRed
ft 8 Istg 51.1928 J -J
Bal 80 Shore ft At g 61. 1937 J -J
of
Minn.
S««StPM&M.
East
astTVa&Ga. S««.8oRy.
Hlgin Jol & n Istg 58... 1941 M-N
B
142)4
118^
120)^ 130)4
132 192
lis 117«
114)4 117^<
100)4 1S3)4
J'ne'99
168)1;
lOd
J-D
J-D
A-O
A-O
1995
Sale
138"
117
Sep.'98
-J
Dal ft Iron Range litSi.1937
ft
Cort ft
Ang'98
116X Aug'99
O
BatMftTol. Se«LSftM8o.
DatftMaok Istlleng4s.l995
Lex
J'ne'99
May'9'
124}i (2 OK Apr'99
123 J'ne'99
.
aold 4i
OCI.-9B
J'ly'99
118« Apr'99
MetRyCo Istgng 68.1911 J -J
ft R Or lit gold 7s. 1900 M-N
Istoong 48
1936 J- J
lstoong4>.^8
1936 J-J
Improvement gold 58.1928 J-D
Bea M ft Ft D. Sm C R ft 1 P,
BaaMftMinn. S««ChftNW.
BesM DnR7 Istg Ss... 1917 M-N
Blls
141H
108H J'ne'99
141« 141><
M-N
DalRlTRRBge. S««PaRR.
Dan Con Tr Co 1st g Ss.. 1938
Den Tram Co oon g 68. 1 9 1
li«n
126)4 126W
\2i\i 184M
141)i 144
M-S
M-S
A-0
A-0
A-0
A-0
M-N
DtlftHodlstPaDlT7s.l917
.
143
t26J« J'ne'99
1249<
134J^
141^ 1411^
107
Sep.'98
J-J
A-O
,1900
Oa
104k
33
135Ji 133>^
ibsji Fe'b''99
108«
Har ft 8 A.
Gal
al
481
2.
Friday,
Bid.
97
. .
Bale
Sept.
Low. High
96^ Apr '99
Page
(5 pages)
BONDS.
tinct
Jan
l.
Bid.
PRICES
91)4
U
i
Due July,
a Optional.
SECURITIES, &c
Kaa Securltlea.
Byr'seGas— ill 5s '46.JftJ
Western Gas (Mil w)
Ss— Se«
NY
St
Bx
Bid.
Ask.
78
100)4 108
list.
Teleph,
'merloan Dl« Tele— NT Stock Bzoh
Teleg.
ii,
Bell Teleph. of Buffalo.
central & oouth Amer. .
Jhes
ft
Bond
.
..
Poto Teleph—Stk
Ss
Oommerclal Cable
3ommer Union Tel (NY).
{And
Interest.
176
114
76)4
104
184
...,,.
IJ7
77)4
• a a a
18«
118
tPrloe i%t sh ara
*4
THE CHRONICLE- BOND
482
BONDS
-1
«. Y.8TOCK. EXCHANGE
Week Ending
Sept.
Price
Friday.
Week's
Bange
Range or
since
Sept.
Last Sale.
1.
*\\3}i 115
Oolltni8t gSs
•107H
1931
L&N&M&Mlstg 4^8.1945
•108
1987 J-J
LCln&Lezg 4^8. ...1931 M-N
% * Jeff Bge Co ga g 48 1945 M-8
L N A & C. See CI & L.
IiOnU By Co l8t con g 58.1930 J-J
Ma^onCoal. SeeLS&MS.
anhattan Ry con 4s. 1990 A-0
Hetropol Bl lit g ei.. .1908 J-J
1899 M-N
Sdda
Man 8 W Coloniz g 58. 1934 J-D
68.1918
J -J
KarketStCRy l8tg
MoK'pt&BV. SeePMoKiY
98
111
. . .
111
108
114H Aug'99
lOSVi J'ly'99
106?< Aug'99
108
98
108
..1937
98M
lOOii
....100« 100]4
108
123
109
Mar'98
110
119
Aug'99
Aug'99
110
1089<
.
98
11294
1215g
100% 102%
101WAug'9H
•101 Ji
. .
Man
IfatropoUtau
El. See
gen o tr g 58.
Ry.
J-D
OolA9thAylstgag58.1993 M-51 123«
1993 M-S
B«gl8tered
ij«xAT&PFl8tgug58.'93 M-S i24"
M-S
Registered
Mez Cent con gold 48... 1911 J-J
1943
Ist con Income g 3s... 1939 J'ly1
td con Income g Ss.,.,193i
\-0
quip & ooU g 5s
Mexintematlstooii a 4s.'77 M-S
1927 J-D
Mez Nat Ist gold 68
Sd Inc 68 A Cp stmpd .1917 M-SJ
8d Income gold 6s B. .1917 An.l
Mez North 1st gold 6s. .1910 J-D
1910 J-D
Registered
Mich Cent. See N Y Cent.
12%
of N J. Se«NY8u8&W
El Ry&LSO-yrg 58.1926
125"
Sale
85>^ Sale
SeeChlo&NW
& Mad. See Chlo & N W
MU 4 North. SeeChM&StP
MU & 8t P. See Ch M & 8t P
Mln 4 8t L gu. See B C R & N
135>4
ib'-rii
124" 127^
j'iy"99
78« Auk'99
23M
22H
18«
18J<
84
68« 78«
1«H
14
97
Apr '99
Feb '97
ConsolSdVs
88J4
Registered
Registered
14
14
Registered
Registered
J-D 150
J-D
J-D
A-0
M-N
M-S 99
Minn & 8t I.^lBt g 78 1927
Iowa ex l8t gold 78... 1909
Sonth West ex Ist g 78.'10
.
.
Pacific ex Ist gold 68. 1921
19b-i
1st cons gold 58
Ist and refund. 4s ...1949
Ist SBst 4slotgu..'36 J
1st g 48 tnt ga.'26 J
M &P
M B8M4A
1990
1944
gn g
1940
Ss.
949^ Sale
72^ Sale
93
94
93 Sale
A;
M-N
78
95
76
M-N
Sale
Hale
. .
1900
M-N
M-81
1917 M-81
101>6
I9i'i
Registered
lit ooU gold 5s
Registered
192t
1920
F-A
F-A
F-A
J-J
BtL 4 1 Mt
Ist
289
95
785^ 1525
61
8
95
92M
92H
78
73
95^ Aug'99
107
eztg 4H8.'47 F-A5
106
1947 M-N
adextg ds
Gen con ry 4 Id grt g 5s '3 A-0 114
Qenconstampgtdg 5b '31 A-('
Sale
]
106H
113%
lllH
83
86
75!4
85
W
lOlJi 107J<
60
97
Y4N
88
SSiii
105
114M 147 105
110
J'ly'99
107H
114H
lllH
prlorlleng 58.'4c
-J
-J
-J
BmaU
194.'='
Income gold 4s
^ob 4 Ohio new gold 6b '37
D
Q-Jt
M-8
. .
lit eztension gold 68.1927
193b
General gold 4s
*129
'
87M
SaJe
MontgomDlvlstg 58.1947 F-A •108
8tL4Calrogug 4s.. 1931
Mohawk & Mai. See N Y C 4 H
MonongabelaRlT. See B 4
Mont Cent. See St P M 4 M
129
129
181%
87M
108%
J'ne'99
20 135
117
396
90
83^
106
J'ly'99
lOfci^
-J
1901 J -J
t^
2d 8s
lit con gold 5s
1928
191
lst6sT4Pb
McM M
Aug'99
106% NOT'97
1C8 Aug'99
131
138%
106>i
iog%
115
115
115
182
W4A1.1917
lit 6s
lit gold 68 Jasper Bch.1923
See L 4 N
MaH''99
Nash Flor 4 Shef.
N»wH4D. SeeNYNH4H
N J June BR. See N Y Cent.
N J Southern. See Cent N J.
New4ClnBdge. SeePennCo
N 04NEprlorlleng68.1915 A-0^
N Y B 4 Man Boh. See L I.
N Y Bay Exten RR. See L I.
N Y Cent 4 HR-lBt7i.l908 J -J 111%
OSHs
ReglJBtered.
Lake Shore col g
Registered
•
1997
1 997
3^8.1998
1998
No price Friday;
112
•109
•106i<
•lC6>i
102
109M
103^
104%
Sep.'e7
J'ne'99
Feb.'99
101«
103
Aug'99
J-J iVo^
J-J
F-A 100
F-A
tlie«e are lateit bid
Sale
«fc
Trieph.
Bid.
42
rranklin
60
.
* •
•
•
116
•
••«
820
nllst.
115
(Given at foot of
Bid.
7
Ask.
78
83
100%
Providence Telephone.
108
98
Southern 4 Atlantic
West 'n Union Teleg— N Y Stock Bxoh
Elrctr^c Coinpnules.
173
168
Allegheny Co Light Co..
46
44
Brush liilectrio Co
47
Co.a6
Bl
Lt
Br'dgprt (Ct)
t
80
10
Consol Electric Storage.
Bddy
200
110H113H
15
.
118%
90
Bonds
Hudson River Telephone U4
116
Intematlon Ocean
8(5
Mexican Telegraph
Mexican Telephone— See Bosto
list
Boat
on
i.^ew Eng Telep— See
Northwestern Telegraph 116
194
W Y 4 N J Telephone.
....M4N 118
Si 1980
11014
HIeotrtc
Mfg
Co..35
Bdlson Bl 111 Co NY— N
Edison El 111 Co Brk— N
BdlBOD Ore Milling Co.
Y
Y
t
13%
188
J'ne'99
123
183
16
Stock Bxoh
Stock Bxoh
18
8
103% 107>.4
103% 106^
114% 117%
J'ly'99
114H116><
114M J'ne'99
109H 110^
118%
106
106
HI Apr'99
108MI>ec'97
111
Oot,''9R
IH^
109
113%
May'99
103
108
llOH
103
122
Feb.'98
121M J'ne'98
1261^ Jan.'98
106^Feb.'98
108
Jan.'98
108^
J'ly'99
)0m
Got '»7
lJ-5
190
185
Aug'99
189^
1
•117%
•113
104!ii Sale
33
106% 1(9
106% 108%
109
6^
11
78
191
•79
J85
133
133
i'17% J'iy''9»
113 J'ly'99
117% 181%
IJ3
116
104^ 104)^
lOlH Nov'9»
IL8
106%
119J< Apr'
J'ly'99
'4^ 180
112 113
ist g 48.
1st g 6s.l933
Ry Cal. See Cent Pao.
Wis. See C St P
4 O.
^
~
.1941
1941
g 58....
4 South 1st
.
.
Pao Ter Co
M
Imprvmt4ezt g6i...l934
4T18 gng58....1932
V4N El8tgug48.198y
W Ry Istcong 4b.1996
182
Sale
67
Sale
M-N •109H
M-N
110
A-0 •129
F-A
J
M-N 100%
A-O 96
A-O
A-O
U
Due June.
Wayne
Bid.
Kleo. Co.. 36
A
General Blectrlc C< — N
Y
Boston L
195
130
130
180
1
108
Hartf'd(Ct)
t
Lt4PowCo86
Blectrlc
preferred
Narragau. (Prov)ElCo.60
New Hav (Ct) Klec Lt Co
Rhode Island Klec Pro Co.
8
40
80.
J'ne'99
Jan.'9b
U2^
102%
139%
131
108
128
6
86
67
97
185
117
110
1
112%
103% 107 100%
6 188
129%
121
Mar'99
May'97
118%
117%
1.03
108
79%
9
181
108
103
ctttal
...... ••t««*
114% 118
113% 115%
116% 116%
113% Mar'99
103
Nov'98
118
J'ly'99
J'ne'99
a
114% 118
114
Dec
'98
TheM are option
sales.
J ELEGTRIG,
Co-
ogBtee.
To '•onto (Can IB
icLt'""x).
Bid.
"is"
Ferry Companies.
..
I
iMetroDoiltan Ferry— 6b..
IN J 4 N Y Ferr»— Stock..
IsteB 1948
intercBt.
96%
104
Bl Co..
Bonds 5b
(tr.
143
I
I>
Brooklyn Ferry-Stock
JAna
118
Nov'98
Tl.im HoustWe .IngCo.
Dulled K!ecLt4PCopref
I
188%
•
Electric
8
28
69
Od
114
105
49 108 11'?%
108
85
1S9
158 66%
104%
104%
113
107
189
85
66
80
80
118%
Ask.
63
96%
185
130
96% 101
8«% 9f%
95% 95%
12
101
96
96%
Due Nor,
1%
J'ne'99
Bouia.,.,,,
1st.
Do
107% 108%
Stock Bxch Woonsocket ;R
Do pref.— See
Hartford (Ct) BlecLtCo.
Mo Bdlson
It 8>i J'ly'99
May'99
100%
J-J
M-8
A-O •118
A-O 118
M-N 113
M-K •107
Due May.
Electric Companies.
Bast Bnd Blectrlc Light.
Blectro-Pneumatic Trans
Series
bU
112
NYC
3
96
119
115)4 J'ly'99
Sale
oonsbcutive paqbs).— y^Zr.
Fort
101% 106%
103%
--103H Aug'99 '83 102 104>2
66% 70
67
»-H
65% 66%
66% J'ne'99
V03% 120
Aug'99
117% Aug'98
101
Feb '97
Sale
138
133
J'ly'99
95
s
Ohio River RR I8tg5s..l936 J -D 103
1937 A-0
General gold 5s
1901 J-J
80%
Om 4St L Istg 4i
Ore 4 Cal. See 80 Pao Co.
OreRy4Navlst8fg 88.1909 J-J
0reRR4Nav oon g 48.. 1946 J-D '102%
Ore Short Line I8tg6i.l922 F-A
1908 J-J
Utah 4 Nor lit 7i
1926 J-J
Gold 5s
oon
g6i... 1946 J-J 11714 Sale
are Sh Ij— Ist
1946 Sep.t 103 Sale
Non-oum Ino A 6i
79 Sale
Non-eu Inc B 4 col tr.. 1946 Oot.t
1921
Otd8H80oltraitreg.l937
P C C 4 St L oon ga g 4^8—
1940
Series A
1942
Series Bgnar
1942
SeriOB Cguar
fierieBD4sguar... .1945
181% 131%
131% May'99
0Ind4VV. SeeC0C4StL.
hlo 4 Miss. See B40 3W.
See
I
118
117}«
103" loi'H
102% 102%
Teleg. dc Tclfph.
^loul" « AMi*nti<i
Ask.
HO
'8
Bay nutto 'i'«>
rl* Teleg 4 Telep— See B oston List
Miuiiire at
aold4atock
Wash Cent
Nor
Nor
Nor
Nor
118H Apr'99 "68 U1«11SX
99% 103
99% 100
Sale
108
98
inou Aub'99
and uked tbi§ WMk. tDn« Jan. tDueJan.
OUTSIDE SECURITIES
Teleg.
110)^
183
•189
•186
3047 g-Ft
3047 Q-Ft
194« -M
Registered
102% Aug'99
128
Vii"
8t P. See C 4 N W
PacCoastCo— iBt g5s.l946 J-D 104%
Missouri.
See Mo Pao
acof
107« 113M
Istsfg 4^8... .1917 A-O 105
118M 113% P+nama
1910 M-N
8f8Ub8idyg6B
10*3 Ji 105'
PennCogu Ist g 4J<8... 1921 J -J •113%
112
113 J'ne'99
109 Aug'99
llS%Jan.'0»
i88H 1S3
J'ly'99
••••
111% 117H O O F 4
111% Aug'99
(•••• >••••
133
1923 Q-
General lien g 3i
Registered
Oiwego 4 Rome.
•111%
Registered
1903 J -J
Debenture Ssof .1884-1904 M-S
Registered .... 1884-1904 M-8
Reg deb 5b of ...1889-1904 M-8
Debenture g4i.. 1890-1905 J-D
RegistL-red ...1890-1905 J-D
Debt certs ext g 48.... 1905 ni-N
1905 M-N
Registered
«t
lis
Ist
199U
Registered
199b
Small
Nor 4 Mont. SeeN.Y.Cent.
J
• • • a
118
116
F
Priorlienr41gg4i..l997 Q-J 103%
1997 g-j
Registered
Sclo
C'
118
Apr'99
Aag'9&
RR4LGsf g6l.'21 J -J
1921 J -0
StP4N Pgeng8i...l933 F-A
Gen
N 4
Montank Bxt. See Long Is,
Morgan' 8 La 4 T. See 8 P Co
Morris 4 Essex. SeeDelL4W
;\Ia8hChat4StL Ist 78. '13
112
113
107
Northern Pacific-
130}4 Norfolk 4 Western1931
Gen g 68
183
New River Ist g 6s.... 193a
90
J -J
100% 116%
N Y 4 R B. See Long Isl.
N Y S 4 W. See Erie.
N Y Tex 4 M. See 80 Pao Co.
North Illinois. SeeChl4NW
North Ohio. See L Brie 4 W.
Registered otfs
lOeVi 106V«
J'ly'99
J'ly'99
.
2
112
103% 103%
108% Aug'99
109>^ Sale
106)i
58 110% 117%
113K
113%
128)^ Aug'99
Registered
106 109"
111><115
MlasRlTBdge. SeeChlo4Ali
Mob4Blnu
J-D
lstreg4s.'03
Convert deb certs 91,000
A-0
SmaU certfs 9100
R
con
Honsatonlo
5s.
1
937
M-N
g
96
73^ NH4Derby con5s...l918 M-N
B lBt7i
1905 J -J
N
1905 J -J
lit 68
95
N
North.
See
Y
O
4 H.
N
Y
4
32
Bef Ist g 4sl992 M-Sl'
O4
96H N YRegis
95,000 only... 199^ M-Sll
N Y 4 Pat. See N Y 4 H.
74 108% 181%
117
114
I'lO
91H 102
107^ Aug'99
lllH J'ly'99
•107^5
111
91%
65^
6
2
107
118^ 118^
115M Aug'99
lOOH lu2
96%
PacR of Mo Ist ex g 4s. '3b
8d extended gold Ss 1 938
Terd V 1 4 VV Ist g 58. .'2H M-S
Leroy & C V A L 1st g 5s "26 J-J
.
100
4 Greenw Lake. See Erie
4 Uar. See N Y C 4 Hud.
Lack 4 W. See D L 4 W
L E 4 W. See Erie.
Y
Y
Y
Y
.
BooneTBd^Cogag 78. .'06 iM-N
Tebo * Neosho Ist 7s. 1908 J-D
MoKacS: 1st gag S8...194^ A-0 107
Mo Pao— 1st oon g es 1 920 M-^ 118^
8d7s
Truttg 38
98
99H
N
N
N
N
NYNH4Hart
Ji
1st
\IQH 116
1937
Reglsf^red
108
104
May'97
113^ n4>< 113!,<
112% 113% 118^
A-O •••••
J-J
J-J
M-N noH
M-N
M-8
M-S
t^l
J -J
J-D
A-O 108
A-O
NY4NK. Se«NYNH4H
ME4Tof Tl8tgag58.'42 MK04Pac lstg48....1990 F-A
Dal4Wa
Dec '98
Aug'99
99H 99«
-J
-J
M8tP&86Mcong4slntgu'38 J-J
Minn 8t Ry Ist con g 5s. 1919 J-J
Minn Un. See St P M 4 M
Mo Kan 4 Tex— 1st g 4s .1990 -I)
Sd gold 4b
l8t exten gold Ss
J'ly'99
Jan.'99
,
A-O
F-A
J-J
Bate 4 St Istgu g 38. '89
N Y Chic 4 StL litg 4i.l937
150
125
127
146
121
137
Apr '99
150
131
137
128
116
103
M-S
J-D
A-O
1931
1931
1940
1940
ts
loau
97^ 100
103% 108
98
100
104
104
103
M-N
F-A5
J-J
RR ist 5s.l 934
68
Mil
May'99
Aug'9»
lOOH 100
J'ly'98
Mich Cent— Ist con 7sl902
1902
1st oon 5e
1909
6s
103H 105^
Low.High,
95
KA4GR Istgc 58.1938
C'l
Sigh.
LovB.
J -J
J -J
Cin4 SlstgL84M87s'0]
Mahon
lOSM Feb.'99
Ask
siiite
1.
Jan.
J'ne'9o
1900 Q-JI
1903 J-D
1903 J-D
1997 J-D
1997 J-D
Registered
84«
Last Sale.
118
106
Iiake Shore con lBt7sl900
9«
41
81% 74
85H
137"'
Gold ZH*
F-A
MLB&W.
\ii%
i'iaii J'iy''99
Sept. 1.
J-J
J-J
J-J
J-J
.
i''<
MU
131
Bange
Week's
Bange or
J-D 128
A-Oi
A-O
R W 40goon lstext58.'22
Ist gu g 5b. '16
R W40 T Rl8tgug58.18
Oswe 4 R 3d gug5s..l915
Uttoa 4 Blk Riv gu g 4s '22
Moh4Mal Istgng4s.l991
Cart 4 Ad Istgu g 48.1981
NY4Putl8toongug48.'93
N Y4North iBtg 5b. .1927
Lake Shore 4 Mich South—
Det Mon 4 Tol 1st 7sl906
1181^134
121
131
122J< Aug'P9
.
Mid
J -J
J -J
Nor 4 Mont
1997 F-A \20H
Met 8t Ry
Bway&7thAvl8tog58.1943 J-D
Registered
F-A
F-A
M-N
M-N
F-A
F-A
1998
1900
Harlem iBt 7i
1900
ReglBtered
N J Jane R ga lit 4i 1986
1986
Registered
West Shore Ist 48 gn. 8361
2361
Registered
Beech Crk Ist gu g 4s. 1936
1936
Registered
1936
2d gu gold 5s
1936
Registered
Clearfield Bltum Coal Corp
Istsf Intgug 4BserA.'40
Small bonds series B. .'40
Qouv 4 Oswe 1st gu g 58.'42
Registered
9-« 9S«
95
116
(Con.)
Mich Cent coU g 3^8. .1998
101
1141^
91
Jan.'98
97?i J'ly'99
.
N Y Cent
106H llOH
Aug'99
Aug'99
.St
(Vol. LXIX.
3.
Price
Friday,
Bid.
Low.Higti.
Ask. Low. High.
Bid.
(Con.)
Col ir 5-20 g 48 ...,1903-18
Pent & Atl IstKng 68.1921
aentnoky Cent g 4i
1.
Page
(5 pages)
BONDS.
N.Y. STOCK EXCHANGE
Week Ending Sept. 1.
1.
Loa & Nash
NFla&8lBtgug58
Jan.
PKICES
36%
oa%
108
144
100
18
07%
100
88
96
110
••••••
J4J Ill's" 115
tPrtce per sh are
Sept.
THE CHRONICLE -BOND
2, 1899.]
BONDS.
.TJiTOCR BXOHANQE
Whbk Bndino
Price
Friday,
Week's
Range
Range or
sitiee
SejH. 1.
Last Sale.
Jan.
1.
So
A
A
W
lOSH Apr'99
109M Apr'97
Mar'99
141
-J
J
1912
1912 A-0*
8(1 7i
C 8tL A P Istoon g 5i.l 932 A-O *118
1932 A-O
Begiiter-^
OI«T * Pltis oon s f 7s. 1900 M-Ji
1 942 J -J 121
ler'i
A.
Qen go g 4^8
1942 A-O •121
Series B
I3e9i 141
140)^ 1401^
135
135
140^ May'99
8d7i
135
J'ne'99
Apr '99
121
J'ly '99
r«nnRR lit real
esg 4s.l923
1905
OODsterliDgg 6i
Con onrrenoy di reg.. .1905 Q-M1
1919 M-S
Oong 6s
1919 Q-S
Beglitered
1943 [»I-N
Oong 4s
€1 4 Mar Ist gn g 4^8.1 935 lU-N
Lewis Istg
48..
108
May'97
115HE'eb.'99
Q-F
M-N
J-D
A-O
1922 J-J
1928 A-01I
128
Apr'99
lOOX
J'ly '99
137
NOT'97
126
100
126
lOOJi
99ii
99^ 100
87H
Sanaielaer4 i^ar. S«« D 4 H
flUoh 4 Dan. Ste Sonth Ry.
filoOr West l8tg4B.. .1939 J-J
Utah Cent Ist gu g 48.1917 A-01I
aioGrJuno Istgu g 5i.l939 J- l>
1940 J-J
BJoGrSo l8tg3-4s
Sale
98H
Sale
74
J'ly '99
J'ly '97
100
J'ne'99
90
113
«9«
87«
88^
4 Pitts. 5«f B R & P.
BomeWat.40gSe«NY Cent.
17
99
91
Q«neralgold 6a
1931
^neralgold Ss
1931
lit trust gold 5b
1987
rt 64 VBBdg litg 6i. 1910
K«uiaa Mid l8tg4i.. 193
BtL48FRRg4s... 1996 J -J
Sonthw DlT 1st g Ss.. 194 A.-0
May'99
Au^''99
L
79^ 85
85
114
J'ly'99
114i.<<
n4i/i
114 ' J'ly'99
85
Sale
109^
loa
101
105
Sale
J'ne'99
ICO}^
Oot.'97
85
100}^
ICO^
20
80
8o. See Illinois Cent.
l8tg48bdofs.l989 M-N
94^
Sdglslno bond otfs.. 1989 J-J5 66
•110
Ot Paul City Cab. og 5s. 1937 J-J
Qnaranteed gold 58... 1937 J-J
BtPaul 4 Duluth Iit5i.l931 F-A •119
SdSi
1917 A-O 113
fltLBW
4tPaulM
J-D
1968
1st CO g 4s
4M
Sale
Sale
112
118
•100
121
•122
9i\i
9SH 145
65
661^:
U2
Aug'99
120
Feb
113^
492
'99
113^
99H
General gold Ss
San A
So Car & Ga. See Southern,
Southern Pacitlo Co
Gal Har48Al8tg 68.1910
1905
2dg7s
price Friday; latest bid
Ferry Companies.
Bid.
66
98
106
110
184!^
106H
110}2
118«
104M 106%
114H
117
117
119^
l\9\i
124^ May'99
119
i86
'100
12ej« J'ne'99
123
too
106
iae«
114
114
81H
•ii'?'
120
115
119« 184^
Aug'99
100
110
100
109
107
Mar'99
Aug'«9
115^
J'ly'99
115
90
Aug'99
113>i 115
Feb.'99
90
117
102M iii«
110
116H
108
n-JH
I17M
94
120«
••• •••«•(
112
M-
8
115^
M
A
Ist
J-D
A-O
j . j
j-u
gn
..1990
g 4s.
W litgold
4S.1917
St
LA KG
Ham & Buff Ist g 4s
114H114S
oou'M"
lOa
104^ J'ne'99
I16H I'8
53% May'99
10
128«
66 J'ly'99
1281^
128H
10e>4
lOSH
10
3
'
80
102
Dec'9H
88
68
Aug'99
81H
81
J'ly 99
^ i5l4
115
99
106
104
Sale
J-J 108K
A-O
1935
U2«113«
11 2J< J'ne'99
114;^ May'99
109H116%
45% 56
53% i6H
12&M 189M
104 107M
80
72
78
93
^05^ 'l7
99
99
.13
89
83
120
lOOH
106H
109"
105% 303 102%
104M 108M
J'ly'99
Ang'99
105
105
106
W
> IrglnlaMld. Se« South Ry.
latg 5s.. 1939
2d gold 5a
1939
Debenture aerlea A.. ..1939
WabRRCo
89
102
WestN YAPa— Iatg5a.l937 J
115
102
Sale
Sale
!
22^
9
76
Aug'99
SIH
J'ly'99
112
112
69
23
22K
99
Deo '97
113
Jan.'99
9d
75
33
118
103
78
S8><
i05hi 111
109M 118M
4
14
108K 118
70%
14M ^^^
54
44
110^ Aug'99
J-J
K-A
113H119M WUkes A Bast. S«« N Y 8 A W
W A Sioux F. See St P M A M
110H113H WluouaASti'. SeeCANW
4*36
May'99
69
M-N
M-N
Wheel Div 1st gold 5s.l928
Bxten A Imp gold 5a.. 1930
»8H
109
110
Sale
VaCsntA P Istg 6s. 1911 J-J
WbeelingALB Istg5s.l928 A-O
137H
23
101
70
W
104
116
Sale
- J
Geng3-48
1943 A-O
Income 5i.... April, 1943 Nor
124^
No
Car.
Set South Ry.
135H West
lieVi
lOCH
Apr'99
93^ Mar'98
96
113
104
96
lis
58
79
no«
98M
11
J-J
WisCentColsttrgSs ..1937
115
96
120
GASABLBCTRICLIGHT BON
Co.
Detroit City
3
6J< J'ne'99
91?^ Oct.'98
118Ji
118H Aug'99
101
100
II614I8O
SeePGACCo.
con g 58
Brookryn Istg 5s
1995
1940
lit
lOM
OS.
Gas g58.,..1923J-J
DetQa8Coconl8tg5s..l918 F-A
Ed Bllll 1st convgSs.. 1910 M-8
135H
39
80
7S
AUanta G L Co lat g 68.1947 J-D
Bos UGastrotfss fg5s..'39 J-J
107M BklynU Gas Ist con g 58.. '45 M-N 11714
ChGLACCo. SeePGACCo
Columbus G,%s Istg 5s.. 1932 J-J
Con Gas
112
NoT'97
34
Bngraved trust certificates,
IneomeSa.
1937 A-Ot
no
J-J 131
A-O
A-O
KingsCoEl LAPg58.'37 A-O
Purchase mon 6s. .1997 A- O
1st con g 48
1939 J-J
96^ 108M
50
lOCi^
95
110
101
J'ne'99
118«
120^124
May'99
111
111
98M Aug'99
Sale
110
110
124
111
Registered
113M
110
and asked this week,
OUTSIDE SECURITIES
F Y A BR Ferry- Stock.
Bonds 58 of 1932. MAN
112)2
126^ Utah Central. See Rio G
112H Utah A North. See Ore 8 L.
lOoH UtlcaABlackR. See NY Cent
\/ er Val Ind A W. See Mo P.
. .
No
1905
6b.
138^ 146!^ Western Pac. See Cent Pac
137H 137^ W Chlo 8t40-yrlatour5«.'28
40-yoar con g 6a
1936
112>4 U9H
West Shore. Se« N Y Cent.
Va
Pitts.
Se«
B
W
A
A
O.
lOlH 108;.^
104
lOSW
104^
103M
106^
107^
117
M-N 1 6
F-A 10 OK
J-J
SerieaB
1939 J-J
34 « 97
87H
IstgSsDet AChBxt..l941 J-J 109
66%
StCha8Brldgel8tg6a.l908 A-O 109
108 112
Warren RR, See Del L A W
Wash
OA W. See Southern
120
122H
82
98
113
99
121
122
182 J'ne'99
A-O
M-N
122
122
J -J
142 Aug'99
J-J
137M Feb '99
J-J 116
110
116
J-J
106^Mar'98
J-D
105 Aug'99
J-D
104 Jan.'99
J-J
122^ Jan.'9S
J-J 132
137^ J'ne'99
J-J
116 Apr'97
litsuargold 5i
1937 J-J
119« lies< Aug'99
Segiitered
1937 J-J
XM litdlT Iitg5s...l908 A-O 'lll«
111« J'ly'99
Registered
1908 A-O
Nordlv Istg 4s
1940 A-O
Registered
1940 A-O
iriUASFlitg 6i....l938 J-D
120 Apr'99
Beglitered
1938 J-D
BtPANorPao. SeeNorPao
BtF*8'xOity.S«e0 8tPM40
8 Fe Pres 4 Ph Ist g 58.1942 M-S •106 108 1075s Aug'99
B A 4 A P. Sm 8o Pac. Co.
er4NPlitif g5i...l919 J -J
lOOii Oot.'97
SaTF4 W 1st con g 6s. 1934 A-O •138
104^ Oot.'97
IstgSs
1934 A-O •111
113 Mar'99
Boloto Val 4 N H. See Nor 4 W
1926 J-J
8eab4 Roa 1st 58
104M Feb.'98
Car Cent Ist con g 4s. 1949 J -J
Bod Bay 4 8o Ist g 5s. ..1924 J-J
2d 6s. ...1909
Dakota ezt gold 6i
1910
litoonsol gold 6i
1933
Registered
1938
Bednoed to gold 4^8 1933
Registered
1938
dont Kxt Ist gold <ti. .1937
Registered
1987
.Ulnn Union lit g 6i. 1 922
a^ontC Istgu g 6s.... 1937
Rec'-stered
1937
J'ly'99
101
120
CnlNJRRAOCo. SwPaRR
122
107
'.09M
85
96^
Nov'9fi
1151^ Sale
litg 68tr.l916
1946 J_D t
105>< Sale
UlaUr ADel let og 58.1928 j. u •108
ij El (Ohio) lit g 5s. .1945 A-O
IHH 116
lOe^i Sale
11SjV4 1141^ Dn Pac— RR 41 g g 48. 1947 j . j
Registered
1947 j . j
112>i 115
124J^ Aug'99
'
98^
108^
109W
118
123
2000 J. D
Ist gold 5s
2d gold inc. Ss, Deo... 2000 Moh.
Bng trust Co ctfs
...
Third At lat gold 5a
1937 j _ j
Tor
Sale
106!^
106
48 90
8
1185< J'ne'99
105% J'ne'«9
Sale
L MBgeTergug58.1930 ATerre Haute Bleo Ry g 6s.'14 oTex A N O. See So Pac Co.
T
M-N
M-N 114^
M-N
F-A
J-J 124
J-J 109^
A-O
A-O
J-D
Apr'99
Aag'99
lHa Aug'97
•iVs'
3t
Tol Peo
..1906
49 102 108M
59 109^116
112
188
104^
113H
113%
A-
Tol AO C litgSi
1935
West'ndlv Istg 5i....l935
BdgoIdOi ClaiiB
1906
1906
tdgold6i Class C
litg 6s PieroeC4 0..1919
106
I'm 86
Nov'9-
104H 105)4 Aug'99
127
109H 110
I06i< Mar'99
I08>i Aug'99
109
108
leioougold 58.1894-1944 f-
l
102M TexAPRyBdiv litg
87« 88H
102H 104>4
72
74^
J'ne'99
SaltLakeClslgsf 68. '03-13
Bt
N.
97
Sunb A
100
85H 91%
96H
,riy'99
85
j
189
'9»
Sale
p.
j .
138
1201^ 123
117
i>i.n
n-N
a
118^
lis
87}^ dO
Spok FallsANor Istg 6s.l939 j - j
Ry 1st gu g 4^s.l943 j . d
iElOOli
«tIi4eF2dg68Cl A
j-j
M-S
A-O
Lew— See Penn RR.
98« lOOH rfyra Blng 4 N Y. Se« DLAW.
Per A of St L Ist g 41^8. '39
98
8SW 190
98^[
LA
. j
- j
>1-n
29
80".^
Dec
107
111
Stat Isl
99H
88
104
72
j
W
SAN Ala. 8m
90
116
j
43
Mar'99
80
116
10«J<
104
113J4
132
107
110
'
latg 6a.... 1922
Knox A Ohio Istg 8s. 1926
Rich A Dan con g 88 .1915
l£quipsinKrundgSa.l909
Deb Ss atamped
1927
So Car A Ga Istg 5a.. 1919
VlrglnlaMld gen 5i... 1936
Gtd stamped
1936
O A
1st oygu 48.1924
West N C Ist con g 68.1914
J'ne'99
lOVH
M-3
M- S
GaPaoRy
n-ug-eo
969^ Sale
.
1938
111^
107H
W
W
90
116
98
um
.j
Nov'98
121
4s... 1997 J -J
1997 J -.)
tJoAail8tg2-3-4s..l947
Bt L A*T H. Set Illinois Cent.
Bt L 4 CaL 8u Mob 4 Ohio.
Bt L 4 Iron Mount. See M P.
Bt L K O 4 N. Ste Wabash.
Bt ii M Br. See T RR A of StI
110^
AiaCen R Istg 6a
1918 - j 108
Atl A Ch Air Line inc. 1900 A-O
Col A Greeny lat 5-68.1916 J - j
BT Va AGalBt7a....l900 j - j
Divisional g 5i
1930 jCon Ist gSa
1956 M-N 120
107}< Oct.'98
J-J
J-J
MoKee4B yistg6i.l9I8 J-J
1916 J-J
nttiP4Flit g6i
ntti8h4LBl8t R5i..l940 A-O
1941:! J-J
litoonsol gold Ss
ntti 4 West 1st g4i... 1917 J-J
JPM 4 Cocertfs
ntU T 4 Astalstoon 581927 M-^
Beglitered
Stamped
Registered
101
93«
nttiMoK4Yo— litgu6s.'32
1934
Sdgnar 68
RMdlngCogeng
A
1905-37 M N
lat gn g 58.1941 j - j
4N
Coast Istgu g 48.. 1937 j - J
of Cal Istg 6s. '05-12
Ist con guar g 5s.. 1937
E Ten reorllen g 4-5i.l938
99
99H AuK'99
B 4 O.
. .
P
1.
40 looM 10s
111
May'99
381^ 88
88H
120J<Feb.'9>*
138 J'ly'99
I0i]4 Sale
1 131.^ Sale
A-O
M-N
8
.
PlttiFtWAOh. S««PennCo.
ntti Jnno l8tg6s
ntti4 L Brte— 2dg5s
M-S
j - J
j -jj
South Ry— lat con g as 1 994 j - j
Registered
1994 j . j
Mem Dlv Istg 4-4!<-58l996 J-J
Registered
1996 j - J
9S
99><
20
Deo '98
FlttlClev4ToH8tg68..1922
£le«
Nov'97
103V<
113
1905 F.1912
6a.
10314
lOlJi 105
P
SPacof NMexl8tg68.'ll j -.1
GllaVG&Nlstgug5s 1924 M-N
99
nttiCln4StL. SMPennCa
P C 4 8t L. See Penn Co.
4 OonnellST.
102
J-J
1936
fPcniacolaA At. Se«L4Na8b
r«oDeo4B l8tg6Btrreo.'20
raniDlY l8tge8trreo.'20
3d g 5i tr reo Ist pd..l92e
P*0 4Qast. Sm C C 4 St L
r*o 4 Pek an litg Si. .. 1921
Feb., 1921
>dg4Hi
Ftne Creek reg guar 6s .. 1 932
Fltti
113^113}^
Sale
80
- j
J
1943
Con g58
SoPof Argal8tg68.'09-10
8
UNJRR4Can«on 48.1944 M-S 118^
DBRR4Bge Istga 48 g.'36 FSunA
NO Ist 7s
SablnediT Istg
113!4 J'ne'99
since
Jan.
Ask. Low. High. No. LoteMigk,
138
,j
BA4 APa88lstgug4s.'43
Tex 4
J-J
J-J
M-S
J-J
iH-N
J-J
1921
N Y T 4 Mezgu Istg 48. '12 A- O
Ore 4 Cal 1st gtd g 58. 1927 - j
108
121
rle&Plttgug3H8B.1940 J-
1940
SenesC
erR&Iexlstgag4i^8.1941
AUegh Yal gen ga g 48.1942
N4 C Bdgegengu g 4J<8.'<5
Last Sale.
112
A-O
A-O
j -J
A-O
1912
Morgan'iIia4Tlitg6s.'20
1918
1st 78
108
121
Sept. 1.
Pacific Co. (Con.)
Cong68lntgtd
Geng48intgtd
118« Apr'97
108
Range
Bid.
Mange
Week's
or
Friday,
GH&SAM4Pl8tg3s'31 M-N 103^
Hons4TOl8tW4N78.'03 J-J
1937 J-J
Istg 58 mt gtd
105« 107J«
483
4.
JPfiee
8^'
Ask. Low. High. No. Low. High
Bid.
Page
(5 rages)
BONDS.
W. Y. STOCK EXOELANGE
Week Ending Sept. I.
Sept. 1
Pennsyl. Co. (Co .)
PltU CIn 4 8t li lit 7i.l900
1900
Beglftered
PltU Ft
& O lit 7i. 1912
PRICES
Aak.
70
100
{
6fl« 60
Hoboxen— Stock
112 114
1st 58
98
90
Con. 5s
30
N Y 4 8 B Trans 4 Ferry 20
91
87
68
of
1906.
Bonds
MAN ?
70
76
10th A 23d Sts Ferry
106
lit mort 58 1919... JAD «104
0nlon Ferry- Stock
45M 46
MAN il03 1085<
lat 58 1920
{Buyer paya accrued intere at.
t Price per ahare.
113^^114
110 114
J'ne'99
Feb '99
t
Bonds due June,
t
Due
(Given at poot of
Bid.
Amalgam'd CapDer(w.
Am Agricul Chem— See B
Preferred
See Boston
4mer Air Powof N Y.lOO
Imerlc'n Axe A Tool .100
Amer Bank Note Co. .50
.
American Beet Sugar...
Preferred
Car A Foundry
Am
See
Amer. Caramel— Common
American Screw
Ask.
70
80
80
StkBx
list
50
52
103
Due
Jan.
§
97M
96?i
Due Nov. oTTheae
.
.«i
—
31
51
7 91<
%
Bid. Aak.
100
8
100
50
55
100
12
8
Kmer Smelt A Refl'g— See Stk B zllst.
A.mer Steel Hoop 5ee Sto ckBx. List.
^.mencan Surely
385
50 216
^m Typefo'rs—Stock. 100 53
56
\mer 8irawboard....l00 34
—Com
List
t
Due March.
«.m Soda Foun
let preferred
2d preferred
97H
oston List
65
30
50
29
||
oonseoutivb vA.QtBs).—FBJiRr
7
100
85
95
250 H97)i'a.O
Preferred
Press Asaoo'n. .100
Amer
98«
i.)
July.
Bonds 68
Amer. Woolen
Preferred
Amer Wringer
11
Pref
FA A ioa«
—Com...
com... 100
26^ 87
89
83%
106
115
* • •
-
9^H 97M
97M
are option sales.
MISCELUS,
<&
Mlecellaneone. Pir. Bid.
4.mer Graphophone....lu t 135*
10 t 18%
Preferred
Amer. Writing Paper
'9^ 96
IIH
5s.
iuiderson (Jonn) Tob.loO
3M
Automatic Vending... 10
100
Barney A 8m Car
100
Preferred
68 1942
Bergn A Bng
84
80
106
JAJ
Br— See
Phi
1.
8
Durh Tob.25
auss Company—Com.. 50
50
Preferred
t
r
4
87
85
107
list.
109K
1st 68
Blackwell
Aak
13«
18%
17
c9
t esji
19
e9M
64
THE CHRONICLK-BOND
484
BONDS,
55-8
R. Y. STOCK EXCHANGE
Week Endino Sept. 1.
qGaiLNYlstoong58..'33 M-8
G & Fnel. See P G & C Co.
q
0«n Kleo Co deb gSs... 1922 J-D
Or
BapGLCo
KO
Mri Gas
Istg
F-A
A-O
58.. 1915
Co
Ist « S8.1922
&P. See Edison.
Kings Co El 1,
Lac Gas-L Co of StLlBtg 5b'19 Q-Ft
1919 Q-F*
Small bonds
Mut Fuel Gas Co See PeopGas
P»o Gas & C Istgu g 6b. .1904 M-N
J-D
Sd gtd g6B
A-0
iBtoonsolgBs
M-8
aeftmding g 58
M-S
Registered
Oh G-L&Cfee Istgug 5s'37 JOonO Co of Chlstgn g 58'36 J-D
G & F Ch l8tgug6s.'05 J-J
q
Mn Fuel Gas Ist gu g 5. 1 947 M-N
TrentonQ& El Istg 5s.l949. M-S
WMtn Gas Co col tr g 58...'33 M-N
1904
1943
1947
1947
BtlSOBLLANHOUS BON
Adams Hx—Col
Week's
Range
Range or
since
Sept. 1.
Last Sale.
BONDS.
1.
Low High
Page
(5 pages)
!«
N. Y. STOCK EXCHANGE
Week Ending Sept. 1.
2
PHee
Week's
Friday,
Range or
Sept. 1.
Last Sale.
Ask. Low.
Bid.
Rooh&PltC&Ipurm 5s 1946 M-N
L Ter Cupples Station &
[Vol. LXIX.
5.
Range
II
since
Jan.
High.
1.
Low High
IfO.
St
118M Aug'99
116
108
109>i Sale
109
120H
Prop Co Istg 4«s 5-20 yr'l? J-D
Yuba Wat Co con g 68. .'23 J-J
8p Val Wat Works 1st 68. '06 M-8
Stan Rope 4 T Istg 68.. 1946 F-A
Income g 5s
1946
Sun Ck Coal Istg sf 6s..l912 j-'b
S
10 106^ 111
1095<
127
106
131
109M lOOJi
1D7H 107H
16 183
187
Dec'98
£7
84
29 109?^ 118
107^ niH
106H 107J^
105
107H
Aug'99
107
104%
104H
106«
104^
90
92
93
93
86
Sale
"85*'
lstg68.1942
.
MutUnTelBf'd
10
104^ 107W
1C4M 108H
20
84«
'"8*5
99>i Aug'99
95
105
94
Sale
V.
S
US
U8
D8
U8
U8
US
CJ 8
U8
iSH 94H U
»3Ji
109!<Feb'97
99)^ 101
105
J'ly'99
216
96
103
U6
86
lOSJi Aug'99
104 Feb.'98
103^ 103H
T C & I.
Bardel C &
Deel&HCan.
See RR bonds
1875-1900
Debenture 7s.. 1884-1900
1884-1900
Registered
Col trust cur 5s
1938
6s. ..1911
.
WhLB4PCCo
Sale
1C5J<
A-O Ida
J-J
A-O
J-J •U3
HendBCo 1st sf g 6s.. .1931 M-S 110
1910 M-N
HobokenL&Ig 58
1910 J-J
Steel Co deb 58
inNon-conv
deben 5s... 1913 A-O
1901 J-J
Co
6s...
steamboat
Iron
Int'l Paper Co lit con g 6s.' 18 F-A
J«fr& Clear C & 1 1st g Ss 1 926 J-D
1926 J-D
SdgSs
Knlck Ice (Chic) Istg 58.1928 A-O
Mad Sq Gard Istg 5s.. .1919 M-N
Man Boh H & L gen g 4s. 940 M-N
T&Tlstsf g 5S.1918 M-N
MetBeglstered
191? M-N
Mich Pen Car Co Ist g 58. '42 M-8
Mut Un Tel Co. See Wn Un
StarchMf g Colstg68'2() M-N 100
Natwpt
News S&D D 58.1990 J-J5
J Tel gen g5scy.'20 M-N
NY ANOntLandlslg6s.l910
F-A
NY4
NoWestn Teleg. See West.Un.
peorlaWatCo g 68.. 1889-19 M-N
Procter & Gamb 1st g 6s..'40 J-J
20
20
20
80
110 Jan.'99
95ViJan.'97
109
98"
111
Aug'97
99
70
Jan.'99
109
107
80
97
Aug'99
May'97
May'97
17« 23%
110
110
99
99
Apr '97
108JiH3M
97
"9*8"
10
i"o*i
.
a.
GOV. SKCDBITIB8.
28
3s
8s
48
4s
4s
4s
5s
5s
registered.
registered
109
M-N
M-N
M-N
M-N
M-N
J-J 115
M-N
J-J
J-J
83
22
105^
J'ly'99
112
108
108
Aug'99
Aug'99
15 101
103
96
119
Aug'99
116
103M
J'ne'99
Mar'flS
U8H
105
115H
coupon
registered
coupon
registered
coupon
102>i
1906
1906
Clas8C48
Currency funding 48... 1920
Distof Columbla^3-658.1924
Louisiana— New con 48.. 1914
Small
Missouri- Funding. ..1894-95
Nortn Car— Consol4s...l910
Small
,.
1919
68
So Carolinar-4m8 20-40.1933
Tenn— New settlem't 3s. 1913
108^
Aug'99
lia>4 119
110
J'ne'99
110
112
seventh va Oe V recedino,')
99 101^
101i< J'ly'99
106^ 109M
108?i Aug'99
78 106M 109H
108><
I089i
112>4
1121^
16 111
114
10 994 Sale
109)-^
109
100
105
108
104
Small
B58
109)^
see
Q-M
STATH SBCURITIHS.
Alabama— Class A 4 to 5.1906 J-J
118W
108
115)ii
1907 Q-Jt 111^ UIM
1907 Q-Jt 113 114
U3U Aug'99
1925 Q-F 130H 130^ 1301.^ J'ly'99
1925 Q- F 130!^ 130W 180V« 13"!^
1904 Q-F 111^ 112 111« Aug'99
1904 Q-F lll>< 113
lllH lll>i
registered
|g«
I19H
103^ 107)4
102^ May'99
(For iaily record
I06ii ..•.
1918
108>« 109
108^4 108?i
1918
.Optional
. .
coupon
Class
Det M&M Id gr 3J^8 8 A.191]
rleT&Tcoltrgsf5s...l926
Gr Rlv Coal & C 1st g 68.1919
Hack Wat Reor Ist g 5s. 1926
7s. .1875-00
Registered
Northwestern Tel 78. .'04
I8tg5s.'19
M-8 104^
J-J
k'nW&WH Istg 58.1945 F-A
CahCoalMln. SeeTCI&R.
hlo Jc & StYd col g 58.1915 J-J
Non-cum. Incomes 58.1907 J -J
OUarf Bit Coal. SeeNYCAH
Ool C&I 1st con g 88... 1900 F-A
OolC&IDevCogug58..1909 J-J
Coupon off
Ool Fuel Co gen gold 6s. 1919 M-N
Ool F 4 1 Co gen s f g 5b. 1943 F-A
Com Cable Co Ist g 4s.. .2397 Q-J
2397 Q-J
Beglstered
West Union deb
Mar'98
101
deb g 6s. '13
f
113
'97
84
28
86^ 25
Tenn Coal TDiv Istg 68.1917 A-O 108
Birm Dlv 1st con 6s... 1917 J-J 118
Cah C M Co 1st gu g 6s..'22 J-D 108
De BarC4ICogug 68. '10 F-A
O 8 EnrelCo IstsfgOs 1918 J-JT
U SLeathCoB
111
lllW 111
lll« Apr'«9
105*' 106« May'99
»108
131
Feb
101
II
109M Apr'99
107m Feb '99
1031^ 106
DS.
trg 4s.l948
I. /See
Jan.
Ask. Low. High.
Bid.
mCotOll debg8s...l900 Qu-F
A.mDk&Imp6B. SeeCenNJ
Aju Spirits Mfg Istg 6s. 1915 M-S
Bar&SCarCo
Price
Friday,
PEICES
112J<114«
130M
188
22 188
181
1119iU3«
Ul^llSH
i
109^
109^ 118
21
Aug'9»
8ep.'98
Nov'98
1029i
117
106
Small
Virginia fund debt 2-38.1991
Registered
6s deferred certfs
Apr '99
109H
Feb.'99
108H 110
109>^ 109H
Apr'9d
108
101
108
129
110
96
12*8*'
98
879i Sale
'"*s**
Nov'98
118
110
96>^
99
95
95
82J4
S'.Ji
97
95
86
J'ly'99
95
6
J'ly'99
6
63
63
94
J'ly'99
88
63
;!*.*.'.
108
Feb.*'*9*!J
2
18
1
UNLISTED BONDS.
Feb '99
103
102
lOlH
101
103
103
104
100
Atoh Col 4 Pac 6s tr ctfs....
Atch J Co 4 West 6s tr ctfs.
B 4 O So
W div Sl4i
(
w.
1.)
St L I
W
86J^ 87
10 IM Sale
(
(when
Sou.Pao.ool.tr. 48
t)
iss.)
115
WiscCen iBt 48 (wi)
llSV^J'Iy'PS
113H 120
*So price Friday; these are latest bid and asked this week, t Due July i Due May. i Due April. Bonds due January.
I
OUTSIDE SECURITIES
MlBcelianeons.
Par.i Bid. -Agk
Bond4Mort
Guar... 100
Carter-Crume— Pref. .100
100
Celluloid Co
295
6B
88
815
80
91
Cent America Tr'uBlt.lOO
\
Oent Flrew'rks- Com.lOO
100
Preferred
Chateaugay 0re4 Ir 68 15
Ohes 4 O Grain El— Inc.
13
66
40
'
10
70
4i
Ohesebrough Mlg Co. 100 345
1
15
60
50
14
75
355
(H B)-lstpref.lOO 101
Olaflln
8d preferred
100
101
Common— See St.Ex.
Clark Mile End Thr'd.lOO
Oonsolld Car Heating. 100
Oonsol Firew'ks-Com.lOO
100
Preferred
Con Kan C Smelt 4 Ref .25
75
48
76ii
50
10
21%
20
Consol Rolling Stock. 100
Cont. Tobac. Co— See Stoc k Ex. list.
79
61
Cramps' Sh 4 En Bldg.lOO
Diamond Match Co... 100 186H 138
Distill.
Co. ot America.
\9H 20
59« 60M
Pref
28
Blectrio Boat
40
105
116
Preferred
Electric Vehicle
Preferred
Bppens 8m 4 Wiem..l00
Bastman Kodak Co... 100 105
Brie 4 Western Trans. 50 t 31%
28
45
109
125
76
38>4
4 Casualty.. .100
4 Dep (Bait).. 50
250
t207 210
34
87
General Carriaite Co
German Am Real Bst.lOO 32
*6*6
Goodyear Shoe Machine. x49M
Gorham Mfg Co-Com.lOO 95 110
100 119
Preferred
100 170
180
Great Falls Ice
28
29
Havana Commercial
68
Preferred
88^
50
Heck-Jones-J Mill-Pf.lOO
M48 96
99
1st 6b 1922
Fidelity
Fidelity
Her'g-Hall-Mar(as8t p'd).
Preferred (asst p'd) 100
Hoboken Land 4 Imp't
5b
...
Illinois
Pump —Com
.
.
do bonds.
100
Iron Steamboat.
J4J
ei 1901
John B Stetson-Com.lOO
100
Preferred
Jonmeay 4 Bumham.lOO
Z%
90
108
95
105
Bxoh
hat.
24«
4
5
25
100
Preferred
Knickerb'r Ice(Chlc)-See St Ex
100 102
Lawyers' Surety
Lawyers' Title Ins. ... 100 146
Liberty Silk MUlB
100
100
Preferred
25
35
20
Merch 4 Miners' 8 8..
t 60
Mich-P Car Ist 5s'42M4S 105
Minneapolis Brew 1st 7s. 105
100
Mosler Safe Co
Monongahela Water. ..25 t 43
Nat Biscuit— See Stock Ex List.
National Casket Co. .100
"96*
Nat'l Gramophone. ... 100
National Saw— Pref.. 100
46
National Salt
77
Preferred
100 150
National Surety
78
National Wall Paper. 100
10
N. B. Elec. Veh.Trans.
100
50
N Y Loan 4 Imp
N Y Biscuit 68 1911 .M48 \\\%
New Jer Zinc 4 Iron. .100 124
N Y Air Brake— See N Y S tockB
83
N. Y. Bl. Veh. Transp .100
Nicholson File Co
50
84M
Nicaragua Construct. 100
50
. 50
.
t
. .
NlleBTcolWrks.com.lOO
105
—
Penn. Water- Com .... 5
Phil 4 Wil Steamboat. 50
Pneumatic GunCar'ge.lO
Pratt4 Whitn— Com..lOO
Preferred
100
Pressed Steel Car— See St
Preferred— See Stock B
Procter 4 Gamble. ...100
Preferred
100
1st 68— See Stock Exch
Repub Ir&Steel- See 8tck
R.I.Perkins Horse Sb. 1 00
Preferred
100
6H
* 1 • • •
30
100
100
100
4Dis.— See Sto
Stand Und'rg'd Cable. 100
Sl08sI4Slst6s 1917.K4A
Southern Cotton Oil. .50
StandardCoupler.cDm....
Preferred
108
156
110
SUt Isl R T
48
79
80
lOM
113
130
xch
23>^
10
Broken'
Bid.
Qu
Ask.
otati
180
400
280
Bowery*
Broadway.... 244
Butch'B4Dr.. 85
180
Central
400
Chase
....
Citizens'
City
Colonial*
3*0*50
....
240"
Commerce.
Continental
Corn Bxch*.
Bast River.
18
56
11th Ward*. 160
2750 3100
Fifth Ave'
ockBx
list.
xch.
St.
11
3U6
196
400
199
list.
Exch.
85
46
list.
55
89%
\
66
145
41
101
220
Franklin....
Gallatin
Gansevoort*.
Garfield...
101
190
170
otati
276H
...
Scherm'rh'n*
Wallabout*..
190
140
105
200
140
120
105
Atlantic Tr.
Central Tr'st.
City Trust...
Colonial
Continental
200
105
450
Plaza*
Prod Bxch*.. 130
Republic .... 190
.
200 325
1990 2016
370 866
416
435
340
Farm Ln 4Tr 1426
Ave Tr 390
Guaranty Tr 669^
Int'l. Bkg&Tr tl60
Knick'rb'ok'r 366
350
550
160
325
N Y L I 4 Tr 1450
N Y See 4 Tr 600
Union
Sq*....
North Amer. 165
Produce Ex.
Real Est Tr't SUO
StandardTr't 225
West
Side*..
Manhattan
185
43
103
Home*
190
Brooklyn*... 100
8th Ward*...
5th Ave*.... 104
330
First
Ger Amer*.. 90
Hamilton*... 105
Kings Co*.... 100
Manufact'rs. 350
Mechanics*.. 212
Yorkvllle*..
....
Broadway*
Imp 4 Trad 536
110
155
Leather Mfr. 800
220
Liberty
760
Lincoln
Manhattan* 246
Market 4 Fu 230
Irving
,
,
Mechanics'.. 300)^
Meoh 4 Tra*
193
Mercantile
215
Mech 4 Tra*. 245
Banks marked with a asterisk
(*)
*
Washtnglon 300
BR'KLYN.
360
. • *
'
Unit. States.. 1800
•*
800
130
95
107
350
100
•
966
Brooklyn Tr. 410
Franklin
310
Hamilton
261
Kings Co
360
L Isl L & Tr. 252
Manataot'rs. 300
Nassau
180
290
People's
WillUmsb'gh 880
are State banks.
Purchaser also pays accrued interest.
Sale at Stook
175
305
State Trust.
Tr.Co.of Am. Ji71
dniou Trust. 1400
USMtg4Tr. 526
• • t
t407
210
.
8S0
.
BR'KLYN.
Bedford*
.
850
Mercantile
Metropolitan 420
NY* 133
13th Ward*.. 130
33d Ward*... 100
336
Union.
Western
1*4*66*
Fifth
State*
State of
a'eo'
lis
Am Dep 4 L.
305
tl98
15*66'
i"45'
N. Y. CITY.
Seaboard ....
Second
Seventh
Shoe 4 Le'th
80
170
196
150
115
Trust Cos.
....
108
AlA
270
17th Ward*.
Sprague
26th Ward*..
Union*
19th Ward*.. 100
93
Ninth
North Amer. 160
Greenwich^. 165
Hamilton*.. 125
740
Hanover
Hide 4 L'ath 116
{
i
People's*
140
150
German Am* 116
German Ex* 340
Germ an la*.. 375
140
526
461
ck Ex. List.
160
150
106
t 53
30
82«
116
108
107
96
86
Qu
.
90
185
145
650
463
29«
105
Bid.
Nassau
Nat City....
North Side*.
Riverside*... 190
3000
First
First (St Isl)
145*' 185
14th Street*
Fourth
Brokers
otatio ns.
Phentx
135
Fifth
Qu
Mutual*
Nassau*
PeopleB'*
3C
118
128
H
t
Banks.
Ask.
Park
6
8
50
Bid.
Pacific*
850
128
340
.
Banks.
Oriental*
Columbia*... 185
62
28«
.
New Amst.*.. 485
New York Co. 1500
N Y Nat Ex.. 118
New York.... 346
312H
59
118
120
89
06
90
Car— See
Metropolis^. 415
Morris*.. 340
310
t
100
100
Ask.
39« 40^
Stk Exch. list.
Westingh Air Brake. .50 t217ii 318
WlsconCentral 'it— See St ookBz list.
Pal.
Mt
4100
147
Chemical
f;o
Merchants'.. 175
Astor
Chatham
Preferred
Merch Bxch.
Am Exch....
Bid.
Union Typewr— Com.lOO
Wagner
75
Brokers'
N. Y. CITy.
America* .... 440
70
8b'18A40
2d 58 1926
J4J
Still w-Bierce 4 8m-V.100
Swift 4 Co
100 IQA% 105«
1st 6s
.1109
109H
1st
Banks.
5
99« 100
33K 34
Preferred
Singer Mfg Co
Standard Oil
Stan.Dl8t.
88
25
Par,
Signal. 50 t
2d preferred
U S Glass- Common..lOO
Preferred
100
100
U S Projectile Co
U.S. Pneum. Horse Coll.. 1
.
71
67
Roy Bak Pow pf ...
Rubber Goods Mfg..
.
List.
& MISGELL'S.
1st preferred
Texa8 4Paclflo Coal. 100
70
let 6b 1908
A40 n07K ...
Title Guar 4 Trust.. 100 404
405
Trenton Pott— Com.. 100
7
10
Preferred
100
45
60
Trow Directory-New. 100
59
65
Union Steel 4 Chain
29
30
t
f24
12
7
70
73
t
Simmons H'rdw-Com.lOO 180
69
lOiM
Union Switch 4
20%
20
Ist 6b
Preferred
105
125
31% 38
101
103
23
35
400 410
73H
list.
lOi^i
96H
89M
99% 108H
92
9BH
84H 88
87
83
93% 9iH
9314
85i<
27
35
Miscellaneous^
As>.
183
.
180
Preferred
100
Otis Elevator Com.
Preferred
Peck, Stow 4 Wilcox.. 25
Pegamoid, pref
100
Pennsylvania Coal
50
Bid.
Susq Coal 88 1911
J&J
Tennessee Copper.
Term Wareh— Stock .100
.
5
M4N
2d 68 1919
Maine SS
25
U02H 103^
56
90
126
180
100
Stock
Preferred
Russell 4Brwin
25
Safety Car Heat 4 Lt.lOO
Schwarzchlld 4 Sulzb.lOO
Semet-Solvay deb Ss
list.
73
Preferred
Internat Silver— See Stk. Bxch.
65
pref.
do
Do
Do
20
110
106
i%
Tram
International Blevat.lOO
International Navig. .100
Internat. Paper— See St'k
Bonds— See Stock Exch.
Internat'l
8
16
Ask
Miscellaneous. Par. Bid
(P)— Pref... 100 117
Madison Square GardenLoriilard
,
65
t
se^i
(Givek at foot of 7 cohsecutivb vjlq:es).—BAJVKS
.
list
86«
71
64
95^ 21
95M 93H 95M
85 Sale
85
135
84!^
85^ Sale
9B« 54s
86M
94
93^ Sale
93^
87
H Due August. aThese are option salet.
1
M & So new 30 y 4s w
93^
93
.
Cen.Pac.M.3^8 (wheniss'd).
Istmtg (when issued)......
Metr
8 Bl(Chio) 8t;48 1938
Apr'99
AUK'99
Bxchauge or at auction thisweek.
227
t Prioe per sliar*.
September
THE CHRONICLE.
1899.]
2,
Boston, Philadelohia and Baltimore Stock
^^r Share Prlces--Not Per Centam Prices.
Saturday,
Monday,
Aug.
Aug. 28.
26.
Tuesday,
Aug. 29.
Exchanges— A
Aug. 31.
Daily and Yearly Record.
Sales
ACTIVE STOCKS.
Friday,
Aug. 30.
485
Of the
Week.
Shares
H Indicates anllsted.
Sept. I.
Railroad Stocks.
Boston) ...100
Boston A Albany
**
•....•
...100
110
110% 110% 110 110% Boston Eilevatdd
"
•240
•840
&
245 845 Boston
...100
L0W6II. ..>•.••• •
*'
305
...100
203 •
800
203 203H •'!!!!! 203" •
Boston <fe Maine
••..•4a«
"
...100
136^ 13«« 136H 135^ 138M 1359613594 135T6 138% 135% 13696 Chic. Burl. 4 Qulncy
144
144
"
...100
•143^ 144^ •143U 145)< 143 143^ 144 144 •143% 145
Chic. June. & Cfn. Stock Yds.
•
•138
•
137
137
137
"
...100
137 •
137
137
Preferred
137H
•43
•43
43%
•43^ 44
•43>< 44
43^ Choctaw Oklahoma * Gulf.. (Phila.>. ... 50
43^ 43« 43% 43^
48 iS% 48 48
"
•48
•48
481^
48W •48
48
48
48% Preferred
...50
•118
118 119 Fitchburg, pref
•118 119
119 •118
118
119
119
119
(Boston). ...100
27
3H94 27
27
87
27
87
2894 27
(Phlla.) ... 50
2894 2894 Lehigh Valley
2-J4
*15
15^
...100
15X 15« li'^ if'* •1496 15!4 •14% 15H 1494 15
93
93
•92%
93
93
93
93
(Bait.)
Northern Central
... 50
58% Northern Pacific
(Phlla.) ...100
S6H 'seii 56H 56% 55X 56i6 55% 56?6 5696 58% 58
"
7796 77% 77% 779< Preferred
...100
•77M 7754 •78
78M •77H 77?i •7796 78
•206
•308
•206
207 207
208 208 •308 809 Old Colony
(Boston) ...100
87:^ 6794
*d7M 68
6794 67%
67% 6756
... 50
6794 88
67§i 67^
*99^ 99^ •9Pii 99J^
... 50
99>4 99«
99H 99M 9996 9996 99% 99% Philadelphia Traction
•1114
11
11 3-16 11!4
11
11% 11% 11
... 50
11% 11
**
31
3196
3096 30%
30^ 3094 Ist Dreferred
... 50
31?g 31?^
3096 31
**
•17
17 3-16
17U 17
17
1694 I'H
2d Dreferred
1«94 1694 16% 13-16
... 50
471^ 47H
46'^ 4796 Dnlon PaclflQ
4T56 48
4694 47%
47
(Boston) ...100
4796
46?i 47%
'*
80
79%
79^ 80
7996
79%
79%
Preferred
...100
79% SOH 79H SOM
8096
•..*•••
419^ 415^
41« 419< 4196 4196 4196 41% 4194 41% 41% 41% Union Traction
(PhUa.). ... 50
,
19!^
19
19
18% 18J« 19
1896 18%
1896 1896 United Ry&Hlec.Co.(w.i.) (Bait.)
1894 1894
270
109
870
109
•840
304
136
270 270
109 109
•240
x203)4803ii
273H 270
271
1109411094
371
110
264
270
•
884
June 27
.
.
7,800
Aug. 34
•
.
U
.
381-4
•95
95H
95)4
28^
*79M 80
•88
4«
347
m
28
28^i
79
79H
4^
^H
347
9)^
3814
9514
343
m
9H
•95
2>6
350
361
»
9
9
•
840
364
77
840
358
•
840
23
68
53H 53M 53
102
101
101
33^
23>4
"44"
"44""
84
78
35
78
12Hi
104H
•143
36
37
"2"4«
'25"
79
79
13« 12%
MH 104
105
104J^
•143
50!4
15
23%
63^ 63H
44
44
3594
8ai6
1396
35«
35%
53
1049i
5994 61
37
37
44
44
30
49H
50H
51
50!4
6096
^
70
353
75
810
2294 23
353
73
840
83
60
62
37
44
"13%
1394
15*6"
154"
35%
35!^
2896
29
3S96
168% 168% •169% 170
49% 4994
4994 49%
53
53
54% 53
49% •
49% 4994 4994
69
68% 68% 68% 68% •68
"50%
55
"70" 70
no sal e was made.
STOCKS BONDS
MISCBLL.—Concluded.
16
100
100
66
Cil«&WMlch. " 100
OonnAPassum " 100
Conn Rivpr.... " 100 273
OonBOlTrPitt8lI(Phll) 50
3894
84
"
50
Pref 7
Flint A Pere M. (Bost) 100
"
100
Pref
Oa South & Fla. (Bait) 100 30
90
"
100
Ist pref
"
100
55%
3d pref,
rmant'u Pa88(Ptall) 50 150
48
50
HesConv M & T "
80
75
Pref
83
50
HuatABroadT "
"
Pref
50
"
100
35
Inds Streets...
"
18
"
68
O
33
64%
68
108
• • • • •
30
47%
MISCELLANEOUS.
114
60
7
7%
18
58
18%
e%
8%
AmBysl
(Phil).
(Bost) 85
Arcadian
85
Arnold Mining. "
"
Mln'g.
85
Atlantic
"
25
Baltic Mining..
Beth Steel 1.... (Phil) 50
14%
30
28
32
170
HOilon BleoLt.(Bo8t)100
Cambria Iron.. (Phil) 50
(Bait) 100
Canton Co
C«nten Mining. (Bost) 25
Con. Laka Sup. (PhU) 50
"
Pref
50
5894
7
894
1494
30%
26%
173
43
4394
Warwick
1296
12%
12%
13
I
&
S (Phil) 10
"
100
.
Welsbach ComT
Prefl
"
Bonds— Boston.
AmBeilTel4s..l908 J&J
AT&SFgeng48.'95A40
Adjustment g 48. .1995
Boston Term'13%s.. 1947
8
88
58
100
rel
11
46
}102
|lOO
88
I
11«
46H
103
100%
88%
BosUnGaslst5s.'39J&J i 87'
2d M5s
1939 J&J
81
Bar& Mo Rlv ex'pt 6s.J&J 125
Non-exempt 6s. '18 J&J
108
Plain 4s
1910 J4J jlOO
Ch Buri N 1st 58.'26 A&O {105 ioe'
J&D
Con. of Verm't 5s.'13 J4J
36%
21
81%
A40
D G R 4 W 1st 4s.'46 A40
7% Domln Coal lst6s.'13M4S
Bast'n 1st M 6s g.'08 M43
7% Ft Blk4M V Ist 8s "33 end
20%
26%
125
148
9%
6
Ind-Egyp Com7(Bost)100
"
{
.
86
36
'26
134
140
-
1918
6s
Ch Bur 4 Q 4s 1922 F4A }100
Iowa Dlv 48.1919 A40 |l08
Chicago June 5s. 1 9 1 5 J4J |ll5
Ch 4 No M gu 58.'31 M4N 1 92
85
7%
.
2dM
I
Curr't Rlv 1st 5s.'27
Unst'p'd 1st 63.'33 A40
lUln Steel conv Ss.'lO J4.I
Debenture 58.1913 A40
KCC4 Slst58g.'25 A40
K C Ft S&G Ist 78.'08 J&D
99
94
70
94
i
«117
dl41
{139
16%
6%
694
885
3,355
10,830
6,457
3,733
100
80
389
lbs'
60
33
7894
4696
23%
5 48
2,831
3,080
86,7 <8
3994
33%
75
10
116 10194
217 133
28
28
Income 68
117%
Aug. 5
Aug. 35
July 8
Mar. 88
Mar. 9
Apr. 87
Feb.
8
Jan. 86
May 17
Jan- 38
June 30
Jan. 34
Mar. 33
Mar. 83
Feb. 31
Jan. 38
Apr. 86
Feb. 81
Feb. 81
July 11
38% Aug. 89
494
8
Aug. 85
Aug. 31
July
11
3%
FeD. 14
3 380
1494 Apr. 21
2
tlar. 30
4 188
Mar. 30
16 122
4
1796 Sett. 1
Apr. 25
7 398
Apr. 28
1 108
Feb. 21
6 895
7
2494 Mar. 23
Mar. 18
17
71%
May
Apr. S
3 63
Jan.
3 105% Aug. 29
Jan.
8
Feb. 8 74% Apr.
45 May 23
3
Jan.
39
Mar.
45%
3
Jan.
28% July 25
.ug. 24
Am. 8 83i4 Aug. 30
July 17 15% May 24
July 11 107 July 14
Feb. 88
4 154
Jan.
Jane 1 53% Apr, 85
May 24 3396 Apr. 6
Apr. 8
c 175
Jan.
Mar. 30
Apr. 8
5296 J line 13
Aug. 88
70
55
60%
St 5s. .'02
Gold 4s
1914
1917
M&N
M&S
F4A
106
AtlG-Llghtlst58l917J&D
lis" 114"
Balt&Ohio 4sg.l935 A40
Stat Isl 2d 5 g.l926 J4J
Balt4Pl8t6sml 1911A40
Ist 8s tunnel 1911. .J&J
Bal Trao Ist 58.1929M&N
Cent Ohio 4%s g.'SO M4S
Central Ry 68... 1912 J&J
Consol 5s..., 1933 M&N
Bit 4 Imp 5S.1932M4S
Chas City Rylst 5s •23J&J
Chas Ry G & El oj "99 M&S
CharlC4A ext5s.l9X0J4J
Chesap Gas 8s.. 1900 J4D
Clty&Sub l8t5s.l922J&D
Col&Gmvlst5-8.1917J&J
Consol Gas 68..1910J&D
126%
122
•It*
106
108%
109
103
• • •
109%
102%
114
Ist
M 58.'20 M&N
Edison Elec 5* stk tr ctfs.
Blec& Peop's Tr stk tr ctfs
Ist 6s.'10
5s.... 2862
A&O lbs"
RR48g
1914 Q-F 106
(JenM4%8g..l924g-F
Leh V C'l 1st 5s g.'33 J&J 101
Leh Val ext 48. 1948 J&D 115
•
,,
1910 M&S
1923 J&D
Consol 8s
J&D
New'kConGas 5s '48 J4D
116% Newark Pass con 58.1930
1930 J&D 111% 118% NYPhil&Nor 8t4s '3 9 J&J
Ga &Aialstpf58l945A40 103
Income 4s. .1939 M&N
GaCar4Nlst58g.l929J4J 103% 104% No Penn Ist 4s..'36 M&N
GeorglaPl8t5-88 1922J&J 120%
QenM7s
1903J&J
GaSo&Fla l8t5s.l945J&J 10794 108% Penn gen 8s r... 1910 Var
KnoxvTrac l8t5s'38A40 107 108
Consol 68 0.... 1905 Var
Lake R El lst«u5s'42M4S 119
120
Consol 58 r
1919 Var
Maryland Brewing 8s ....
Pa 4 N Y Can 78..'06 J4D
92% 93
MetSt( Wash) 1st 58'25FA 127
Cons 58
1939 A40
130
1
.
Gas
68 1900
A40
8s gold 1900
J4J
68 1904
J&J
Series
58 1936... .J4J
Series B Ss 1928... .J4J
Pitt Un Trac 5s.l997 J4J
A
4s
•
119
127
104% 105
80
118
114
131
108
112
105
108%
103%
112
•
•
••
121% 128
121% 122
111%
10096
123
118
100
no
89
85
137"
108%
95
1939 A40
Penn 3t«el lst5s.'17M4N
People's Tr tr certs 48.'43
108
Phlla Elec gold trust ctfs
100%
Cons 4s
VlrgMid l8t88.1906M43 110
2d series 68. .1911 M&S
3d series 68..1916M&3
4th ser 3-4-58.1921M&3
5th series 58.1926 M&S
Va (State) 3s new.'32J&J
Fund debt2-38.1991J&J
V»4Tenn2d 5s.l900 J&J
88
1900 J&J
• • •
.
2d 7s
5s
Ist 58...Var
Norfolk St l8t 58 '44. J&J
10194 108
J&J
Annuity 8s
11594 117
115
116
1C3
107
59
EqniGas-L Istg 58.1928
Hestonv M & F con 5s.'24 ii8%
100%
H4 B Top con 58.'85 A 4©
Indianapolis Ry 43.. 1933
KCSub B l8t«s..'20 J4D 90 ibo"
K C P 4 G 1st 53..'23 A&O
Lehigh Nav 4%s. .'14 Q-J 114
i'ls"
•
9894
10096
East&A
Income
118
117
\
105% 106
104% 106
Elm&WUm
Ext 4 Imp 68.1901M&S 101%
No BaltDiv 58.1942J4D 131
Conv'rtible 581906M4N 101%
Ask.
General 59....1919 J4J
Ry(Ind)con 5s.'33
Colum St Ry 1st con 5s.'32
Con Trac of N J 1st 58..'33
Del 4 B Bk 1st 78.'05 F&A
Cit's'St
.
M&N
.
Cambria Iron 6s.l917J4J
Ches&DCanlst5s.'16 J&J
Choc Okla 4 G prior lien 68
Atl
Atl Coaet L ctfs 5s .J&D
Bait Belt Ist 5s.l990M&N
BaltCPaslst 58.191 IM&N
Bait Fundg 5s.l918
Bid.
WestVaC4Pl8t8g.'llJ4J 113% 115
Wil4 Weld 58..1935 J4J 118
.
5118
5107
Bonds— Baltimore.
& Pot
09 105%
4 Ch 1st 78.1907 J4J 118%
I
Balls Ter 1st 58. 1926 J4D
B Boro Gas Ist 58.'38M48
5104%
Anacostia
BONDS
Bonds— Philadelphia
AlleVyEpxt7sl910A&O 132
92%
AsDhalt Co 5 j tr ctfs
AtlCity l8t58g..'19 M&N U3J4
1920
1
West Bnd
4%s
Orl
Feb. 18
May 18
Baltimore— Conclu'd
West N C con 6s.l914 J&J 118%
Rutland Ist 6s. .'02 M&N 5106
Torrington Ist 5s 1918..
New
1
Aug. 33
Aug. 26
82
28
853 34%
30,895 3196
432 12714
3
3,1 5b
38 Jan
2,194 38% Feb. le
100 39 Jan.
4
123 55 May 31
Ask.
{
104%
44
105
733 33 July
1,060 78 July
29,107
2% July
13,335
1% July
2,443 273 Jan.
5,394
794 June
24,768 13396 Jan.
43 110% Jan.
18,0U4 13% Aug.
163 382 Jan.
4 20 65
June
5» 635
Jan.
6,582 1 194 Jan.
1,195
1,219
9,304
145
«100
SecAvTn(Pltt«)5s'34J&D 118
Sav Fla 4 West 58 '34A40 113
Seab 4 Roan 58.1926 J&.T 109
United Ry & Eiec Income.
76
17
212
M 5-6g....l936 A40
A40
102%
Mar H 4 Ont 68...'25 A40 U14
MezCent 4s g.. 1911 J4J } 76
76%
Ist con inc 3s g non-cum
23% 33
2d con Inc Ss non-onm..
12i4 13%
2d
1907
N Y4N Bng Ist 7s.'05 J&J ni7
l«t mort 88
1905 J4J ai3
Ogd 4 L C con 68.'20 A40
PotomVal lst5s.l941J&J
LB4StLlst68g.'28A40 110
494
210
110
120
51
7>.4
2,50U
10,630
100
...25
...50
Phlla.)
Bid.
NorthCent4%s.l925A&0
{114
K C F S&Mcon 6s.'28M&N il04
K C M 4 B 1st 48..'34 M4S i 93
Income 58
43
K C4 M Ry&B 58.'29 A4d i
K C St Jo 4 C B 7s.'07 J4J ni9
LRock4FSlst78.'05J&J ?108
49
100
{
{"76'
f
Exchange 3%s. 1930 J&J 126
UdPHor*seCoii(PhU) 1
Utah Mining.. (B08t)4-8S
Chl4WMgen58.'21J4D
100 310
HdlionBl ni... "
20
Bleo Co of AmT.(Phil) 50
.
19
37%
38%
4494
"
50
35%
10
Dlam State at T "
794
Domln Coalpf.(Bost)100 118 118
. .
89
7
37
28
44%
Daylight Prism.
IntButH&SM
10
Ule-BoyaleT.... "
85
JManufac Rubir.(PhU) 50
"
Prefli
50
"
BiUnden Cot
100
Mergenthaler . ( Bost) 100
Jlez Telephone "
10
88
-
AUonez Mlnlng(Bost) 35
"
100
BBaot VehlcleT.
rranklln Mln'g. (Boat) 25
100
Oeneral Elect.
"
Pref
100
OenEl Auto-Ml(PhU) 60
Greger Mfg.... "
10
10i<
Susquel & ST..(Phll)
5
7% 796
Tamarack Mln. (Bost) 25 227 229
Coal "
50
Winona Mlnlng(Bo8t) 85
Wolverine Min. "
25
377
118
1894
3
Palmetto Co.... (Phil) 25
296
52
51
ParrottSll&Cop(Bost) 10
Penn Blec Vehir(PhU) 50 18
"
PrefV
50
694
Pennsyl Salt... "
50 114
Pennsyl Steelir. "
88
....
"
PrefT
100
160
Qulncy Mining ( Bost) 25 169
"
7
Rhode Isl Mln.
25
7%
14
14%
Santa Ysabel G "
5
Westm
150
'
BONDS
7%
.
60
549
...100
...100
...100
'.'.'.
.
.
Boston— Concluded.
New Bng Tele 88.'99 A40
10
18%
.
Ask.
33% 35
Tidewater St... (Phil) 10
Torrlngton"A"(Bost) 25
"
Pref
25
UnCopL&M'g "
35
Un Shoe Mach.. "
25
Pref.
... '*
25
56
1,827
May
31 3-18
88
Am
.
.
.
"
5994
1296
NewHavI&ST "
5
tfo
G Dredg ( Bost) 1
26
Old Col Mining. "
Osceola Mining. "
25
.
(Bait.)
(Boston)
"
"
"
Massachusetts Electric Cos (Boston). ...100
'*
Preferred
...100
National Electric
(Phila) 1 Opaid
New Bag. Cotton Yarn, pref. (Boston). ...100
New England Telephone
...100
"
Old Dominion Copper T
...25
Pa. Mfg. Light & PowerT ... (Phlla.). ... 50
United Gas Improvement T..
"
...50
United States Oil
(Boston). ...35
Welsbach Light T
(PhUa.) ...
5
Westingh. Electric & Mfg. (Boston) ... 50
"
Preferred
,...,
... 50
.
Ft8 4M..(Bost)100
Little 8chuylk.(Phll)
Bid.
Nat Electric T.. (Phil) 50
Nat Typewriter ''
25
127
Bos ft Maine pf.(BoBt)10C
100 302
Boston AProv. "
paid) (Phila.)
Federal Steel
Lam son Store Service
Lehigh Coal & Navigation.
a 30 15-18
Sept.
100
60
Maine Central. (Bost) 100
MlnehUI & 8 H.(PhU) 50
50
Nesqnehon'g V. "
50
North Penn.,.. "
"
PhUABne
50
50
PhU Germ 4 N. "
"
100
United N J
United Tr of P. "
50
Pref
50
West Bnd pref. (Bost) 50
West Jer & 8 8.(Phtl) 50
50
WestNY&Pa. "
Wis Cent, new. (Bost) 100
"
100
Pref
Wor Nash & B. " 100
44
1396
Bid. Aab.
Pref
38!.«
1396
EAILR0AD8.— Pricet
Atl & Charlotte(Balt) 100
KG
36%
44
104% 104H
150
38
2896 29
($150
Krie Telephone.
81%
150
35
Steel.
.
Dominion Coal
83
35%
...50
fPhila.).
6394 Consolidated Gas. ...,,
55
103
61
36
83
NACTIVE STOCKS
Central Mass...
Pref
22% Cambria
23
6394
44
35
35%
38%
4994
58%
Alkali
...100
"
1
Preferred
paid
2% 3
360 381% American Bell Telephone. (Boston! ...lUtJ
(Phila.) 5 paid
8% 894 American Railways
155!^ 137M American Sugar Refining 1. (Boston) ...100
"
•120
...100
120% Pref erred 1 ... ,
,
(Phila.) Spaid
1694 1796 Asphalt Co of America
358 353 Boston 4 Montana
(Boston) ... 25
•74
"
78
Butte & Boston
...25
"
840 840 Calumet & Hecla
,,
... 25
54H
103% 102%
35
'*
Preferred
2594
•l43
•
Amer. Agricnl. Chemical.... (Boston). ...100
55
6094
"
(Boston). !!;"5o
Street.
"496 "494 American
63%
54
103
26M
83!4
18% 13%
33
16994
4996
168%
130% 120%
15% 16
6394
West Bnd
96
.
8%
16696
32%
12%
104« 104H •104% 105
143
351^
•
1696
53
104
105H
3494
•79%
121
237^
6894
54
3%
365
894
353 353
•74% 76%
840 840
8394
•53
104
5894
•35
69
69
•Bid and aiked prices
e8>j
362
9
15
15^6
353
•
77
846" 840
35«
27H 27%
36
27M 27>^
49^ 49^
50« 60%
121
121
352
WH
37
3
365
894
165« 153% 156%
154
130
2396
a3!4
53!^
104?i
5894
382
494
Preferred (when issued)..
""ii
Mar. 7 280
Jan.
4 11694
Jan.
9 245
4 305
Jan.
4 149%
Jan.
Jan.
3 154%
Jan. 12 138
Jan.
3 43%
Jan. 14 49
Jan.
3 132
June 1 30
7 17%
Jan.
Jan. 21 95
7 57%
4294 Jan.
75% June 1 81 H
198 Jan. 4 213
61
Jan.
3 70
94% Jan. 3 100%
994 May 13 1294
25 13-16Jan.7 34
13 7-16Jan. 6 18%
3896 Jane 20 50%
724 Jane 1 84
3196 Jan.
7 4494
1896 May 17 3396
38>6 May 16 45
90 Jan.
3 98
L>IisceIIaneou8 Stocks.
28%
79%
496
3
494
33%
•38
95
95%
28
79
88^6
79>4
496
294
350
155^
151)4 153?^ 153
181
•120 121
15!4 15J6
354
77
840
79
4%
•130
353
28%
28H
79
iH
2%
95
•95
Highest.
Lowest.
480 845
592 8094
6 227
64 170
8,366 184%
85 139%
30 124
75 29%
85 4394
25 107
773 23%
590
5%
40 90
(
•
WH
Bange of Sales in 1899.
109
Ph4Br gen M 5g.'20 A&O 133
Gen M 48 g.. 1920 A&O 110
Ph 4 Read 2d 68.'33 A&O 137
Consol M7S..1911
6sg...l911
Con
M
J4D
J&D
133
133
Ext Imp M48 g.'47 A40 108
Con M of '82 48.'37 J&,J 105
Terminal Ss g.l941 Q-F
106%
132%
PWil& Bait 48.19 17 A&O
CoUat trust 4S.1921J&J
76%
100% Pitts C&StL 78.1900 F&A
110
103
122%
109%
111% 118
•
• • • •
90
87% 87%
102%
105
Read Co gen 4s, 1997 J4J
Rochester Ry con 5s. 1930
SchRESldelstSs g'33J4D
Scran Trac Ist 68 '32M&N
Union Term'! 1st 58.F&A
United N J 4s..l944M4S
DnTracPltts gen58'97J4J
120
112
t»l-50
iAnd interest.
Price includes overdue OOUDO
lis
paid.
na.
THE CHKOJSICLE.
^86
Latest Gross
WeekorMo
AND
_^mltxrad
K. 0. Pitts.
Itttelligetttje.
RAILROAD EARNINGS.
27i€ returns of the street railways are brought together separately on a subseqitenf page
Latett Qroit Earningt.
Jan. 1
to
Latest Datt-
BOADS.
1899,
1898.
1899.
9
une
AdlrondaoK
Ala. et. Sontb..
AU. Midland..
13,3.55
3dwk Aug.
May
40,190
68,168
Al».N.O.ATex. Pao. .Tunc.
N Orl. & N. E l8twkAug.
Ala. & VlokBl. IstwkAug.
Vloks. Sb.& P
StwkAug.
13,145
33,857
80,652
1898.
"i"
91,196
109.061
1,166163
l,070,u07
320,878
338,296
948,059
825,216
26,000
25,000
407.012
11,000
10,000
388,488
3-^3,465
372,56^
9,000
8,000
306,732 219,557 1,750,^95 1,488,179
Allegheny Val. July
•iJ5,928
981.248
900,518
29,848
3rtwk Aug.
Ann Arbor
60,938
55,068
7,485
5,950
Ark. Midland.. June
3.203,171 2,766,898 22,629,03" 21,555,336
Atoh.T. «Sr.8.Fe. July
796,791
171,470 128,493 1,0 3.445
Atlanta &Cbar June
214.1;34,286
24,219
176,462
Atl.Knox.&No July
45.499
297,676
273,127
39,490
AtlantaA W. P Juue
Atl.C'stLlDeS.C June
158,791
135,912 1,027,820 1,001,334
218,5^8
Atlan.&Danv.. IstwkMay
16,634
11,117
203,195
52,3^0
53,094
Aufltln&N'wee May
11,004
9.542
2,628,849 2,305.991 16.282,361 15,934,369
Bait. AOblo... July
139.150 142,331 4,132,046 4,301^,365
Bal. & O. Sou'-w 3dwk Aug.
lo.gofBatb&Ham'nd^ June
1.659
1,459
10,038
10,136
1,315
1.585
12,»80
Blr. & Atlantic June
236.739
BnmBw'k&Weei May
53,313
251,157
47,207
Bnff.R«ob.&Piti SdwkAug
86,551
79,432 2,3lH.737 2,380,787
Buffalo & Susq. July
55,290
407,782
318,460
49,659
99,302 107,036 2,828,376 2,513,'^ 00
BuT.C. Rap.&N 3dwk Aug
OwiadlanPaolfl'^ 3dwkAug.
550,00
491,000 16,70^,989 15,090 382
8>J,660 3,319.589 3,187,527
95,283
Oent.of Georgia
dwk Aug.
3d9,S51
CJentral N. E.
64,508
304,631
June
58,347
Oentralof N. J. July
1,312.338 1.034,644 8,083,797 6,782,45^
1,410.139 1,471,335 6,364,917 0,062,410
Central Pacific May
Ohaile8t'n&Ba\ May
330,82
70,916
58.795
324,277
Cbae'n«feW.Car. January...
70.787
72.098
70,787
72,< 98
Ohattan'ga So. 3dwk Aug.
48.074
44 240
1,553
1,328
Ohes. &Ohlo.... 3dwk Aug.
236,162 231.178 7.507,573 7,395,914
Ohio. Bur. & Q.. July
3.850,278 3.086.197 23,927,508 22,937,948
Ohio. &Ka8t.Ill 3dwk Aug.
118,106 103.024 2,915,995 2,591,124
Weet'r
Ohio. Gt.
:-idwk Aug.
132,630 12=..190 3,732,5'73 3,320,084
Ind,
L.
&
Ohio.
83,132
3d wkAug.
67,631 2,282,873 2,022,229
Ohlc.MU.&St.P 3dwk Aug. 761,130 652,674 23,617,457 20,195,313
Ohio.<&N'thw'n July
3,692.275 2,819,285 22,191, f4S 19,813.940
Ohlo.Peo.&St.L July
72,712
497,963
476.546
61,330
Ohlo.R'kl.&P J ne
1,772,529 l,580,><26 9,602,052 9.617,072
0bi0.8t.P.M.A:O July
875,197 71'.^,201 5,471,060 4,436,747
Ohlo.Ter.Tr.RR SdwkAug.
74 1,338
25,284
790.810
23,758
Ohio. & W.Mich 3dwk Aug.
47,158
43 890 1,338,622 1,123,250
Ohoo.Ok.&Gulf. July
*102,000
*80,000
930.401
819,875
Oln.G.&PortB'tli uly
37,2-4
6,557
5,670
33,0 .3
Cln.N.O. (fel.P July
397,6G3 400,539 2,618,145 2,588,781
Oin.Porte.& Vlr July
168,92«
28.369
24,922
151,796
Clev. Ak. <fe Col 3d -wk May
18.53^
341,807
18,690
317,150
01.Cln.Cb.&8t.J 3dwk Aug.
299,406 291,033 9.075,758 8,918.406
Peo. & Eaet'ij July
165,460 122,386 1,0-9,471 1,053,193
01.Lor. .feWheel 3dwk Aug.
39.867
30,927 1,084,6:933,176
Ool. Midland. .
July
147.811 140,953
931.830
910,168
Colorado <fe8o. 2d'wk Aug.
2,248,502
74,775
Col. Sand'y a H ^dwk Aug
17,920
21,004
490,98
494,061
OryataL
June
1,070
6,417
868
7.164
Onmb'l'd VaUe June
86.887
408.527
400.080
79.129
Deny. & Rio Gr
dwk Aug. 174,8U0 168,100 5,608,669 5,04 5.1.^8
Det.G.Rap. &W SdwkAug.
30,79-'
32.742
971,301
698.-77
Det.& Mackiua' June
281.52.S
66,573
360,563
49,509
Duluth a.S.&At 3i1wk Aug.
56,663
36,371 1,443,181 1,140,1(9
BlglnJoi.&EaHt July
153,6.57
856,297
98,7 95 l,016,31t,
rle....
July
3,302,533 2,570.097 19,749.126 18,069.99^
Itaxeka Sprlni?^ June
27,108
4,880
25,923
4,338
Bvans.&Ind'plii- 3d wkAug.
8,407
207,810
194,023
8,789
Bvanev. & T. H 3d wkAug.
32,990
833,022
781.223
27,772
Find.Ft.W.&W June
49,063
10,519
39.384
7,336
fllnt&P.Marq 3d wkAug.
67,609
61,349 2,049,980 1.818,858
Fla.Ceut.<fe Peij 3'iwk Aug.
42,424
73,767 1,72.5,895 1,949,560
Ft.W'tli<feUen.t
9.^3.163
Sdwk Aug.
30,334
822,653
29,787
Gr
Ft.W.&Rlo
SdwkAug.
285,163
6,758
6,340
271,852
QadB. & AU. U July
6.384
1,097
624
4,269
eeorglaKR
Sdwk Aug.
25,890
26,417
970,700
925,244
GeoreladE Ala. July
91,235
675,055
682. «89
89,286
eeo.Bo. &Fla Ju'y
92,853
560,087
88,433
570,650
GilaVal. G.&N July
32,528
248,657
Or.Rai>. &Ind
June
206.192 162,S8i 1,134,075
973,566
01n.R.&Ft.V« June
41,799
232,756
214,327
36,985
rraveree Wtj June
3,803
22,939
3,322
19,628
MnB.G. R. <bl June
1 0,481
10,699
56,787
58,088
Tot allliQee uly
279,683 247,858 1,726,240 1,513,467
Gr.Tr'nh Syst'n Sdwk Aug.
539,020 462,794 15,70-^307 14,570,204
Obio.&Gr. Tr 2d wk Aug.
72,172
63,246 2,362,030 2,253,106
Det.Gr.H.*M 2dwk Aug.
23,102
21,214
576,069
542,017
©reatNortb'D -I
Bt,P. M. AM. July
1,819,263 1,4(9,456 10,315,387 9,328,230
Eaatol Minn. July
274,245 213,346 1,379,717
930,224
Montana Cent .ruly
172,522! 165,290 1,0-2.747 1,164,003
Tot. system July
2,266,030 1.848.092 12,777.851 '11,422,457
GPlfB'mnt&K.O (July
23,315
17,944
163,202
98,256
3,788
©nil &Cblcat!o. I.Iu)y
3,008
86,998
59,634 1,989,681 1,626,296
Hooking Valley [SdwkAug.
Hooe.Tnn.ifeW'll July
4.674
4,887
271,476 208.8<8 1,448.684 l,30.=>,ib7
HoQS.&Tez.Cen May
2,352,407 2,052,074 16,067.342 15,282,593
Illinole Central. July
40.778
45,244
163,829
156, 03
Ind.Deo.<feWe8t. April
444,482
75,911
58.253
501,031
Ind.IU.&Iowa. June
66,324
55,764
Sdwk
Aug.
2,129,510
2,031,532
In.AOt.Mortb'n.
57,680 2,365,800 1,984.750
63.800
JInteroc. (Mex.j WkAug.l2
45,899
52,249
SdwkAug.
1,346,393
1,159,973
Central...
Iowa
5.403
3,064
28,8' 5
33,006
Iron Railway... July
12,519
10,756
399,036
Kanaw'a<ifcMlob Sdwk Aug.
340,555
83.572 2,990,051 2,972,631
110,357
K.C.F.Hcott&M 3 1 wkAug.
P88.25f>
20.:ifil
912.125
K.C.MPTn.AB'r Silwk Aner.
23.990
1
:-
.
'
1899.
S
Kan. C.N. W.... July
Kan. City & Cm. 3dwk Aug.
The followma table shows the gross earnings of every
ITEAM railroad from which regular weekly or monthly returns
•an be obtained. The first two columns of figures give the
iross earnings for the latest week or month, and the last two
aolumns the earnings for the period from January 1 to and
Inoluding such latest week or month,
IWeekorMo]
Kamings,
Jan. 1
to
ROADB.
%nmshncnt
&G
4thwkMay
Kan.C.Sub.Belt Sdwk Aug.
L.Erie & West 3dwk Aug.
Lehigh & Hud.. July
Lehigh Val.RR July
Leh. V.Coal Co. July
Lex'gton&East. June
LonglslandRR iuly
Long Is. System. July
Los Ang. Term. July
Louls.Ev.&St.L.
Lou.H. &St. L..
SdwkAug.
Sdwk Aug.
Loulsv.&Nashv Sdwk Aug.
Macon &Birm. July
Manlstiqae
tMexican Cent,
July
Sdwk Aug.
JMex.Cuern <&P. July
Mexican Inter' 1, June
{Mex. National SdwkAug.
Mex. Northern May
tMexioanR'way
Mexican So
Midland Term'l.
Minneap.& St.L,
WkAug. 12
2dwk Aug.
June
3dwk Aug.
SdwkAug.
Sdwk Aug.
Mo.Pao.&IronM Sdwk Aug.
Central Br'ch SdwkAug.
Total
3dwk Aug.
M.8t.P.&S.8t.M.
Mo. Kan. & Tex.
Mobile ABlrm., June
Mobile & Ohio., July
Mont.&Mex.G'f June
Nash.Ch.&St.L. July
NevadaCentral. May
N.Y.C.&H.R. July
N.Y.Ont.&W.. Sdwk Aug,
&W. July
Norfolk & West, Sdwk Aug.
North'nAla.Ry, AprU
Northes'n(Ga.). May
North'n Central July
North'n Paciflo. Sdwk Aug.
Ohio River
SdwkAug.
Ohio Southern January...
Om.Kan.C <fels. July
Omaha & St. L. July
N. Y.Susq.
.
Oreg.RR.ANav. Sdwk Aug.
Oreg. Sh. Line.. July
Pao. Coast Co.. May
PaoifloMail
June
Pennsylvania^. July
PeorlaDec.&Ev 3d WkAug.
Phlla.
&
Erie...
Phlla.&Read...
CoalA
Ir.
May
May
Co May
Tot. both Co'B, May
Phll.Wilm. &B. July
Pltt8.0.C.&St.L July
Pltt8.Li8b.<feWn July
Pltt8.Be8.&L.E, Sdwk Aug.
,
Pitts. &We8'n..
Pitts. CI. &T01.
Pitts. Pa.
F.
SdwkAug.
SdwkAug.
&
SdwkAug.
Total system SdwkAug.
Rioh.Fr'Ksli&l'.
June
Rio Grande Jot. •lune
RioGrande So'n SdwkAug.
RloGr'de West. Sdwk Aug.
& H. July
St.Jo8.&Gr.I... 2d wkAug.
8t.L.Chi.&St.P. July
St.L.Ken'et<feSo July
8t.L.&SanFran. SdwkAug.
St.L. Southwest. dwk Aug.
St.Panl<feDul.. July
Sag. Tuso.
San. Ant. & A. P May
San Fran. <feN.P .July
S.
FePres.&Ph. Sdwk Aug.
Sav.Fla.<teWe8t.
Sher.iehrev.&So,
Sij.Sprs.O. AG.
Sioux C.
So,
So.
& Nor
Haven
&, E.
May
4tbwkJuly
May
April
July
Paoinc Co.
6al.Har.A(j.A
May
May
Morgan'sL&l May
N.Y.T. &Me? May
Tex. &N. Orl. May
Atl. Prop'teia.o May
80. Pao. of Cal May
Bo.Pao.ofArlz May
So.Pao.ofN.M May
Paottto systen May
Total of all. May
Louls'a. W'est
Southern Ry.c. Sdwk Aug.
StonyCL&C.MT. June
Texas Central. •idwk Aug.
Texas & Paciflo Sdwk Aug.
Tex.S.V.&N.W. May
T01.& Ohio Cent 3d wkAug.
Tol.P.
& West. SdwkAug.
Tol.8t.L.<fi>K.C
SdwkAug.
W.Jersey&Sea'e July
W.V.Cen.&Pitts July
Latest Date
1898.
1899.
1898.
S
S
$
28,814
21,980
178,974
195.407
6,018
6,222
151.917
155.194
96,335
81,636 1,498,659 1,304.218
10.735
9.473
336.658
299,758
87.611
71,146 2,300.582 2.115.450
31,077
40,607
276,79r209,462
2,057,125 1.703,(87 11,376,720 10,132,672
1,565,143 1,406,682 9,415,197 7,821.605
22,477
17,737
113,6t3
105,801
563,542 535,999 2,461,246 2.373,541
646,149
626,017 2,656,387 2,56:^,C01
17.241
10,415
65,216
49,506
33,576 1,048,858
38,766
945.085
9,612
12,381
364,73K
300,938
497,000 427,340 15,522,521 13,96-1,234
4,307
4,492
35,30(
30,449
12,163
9,974
52,255
71,817
263,^92 226,235 9,547,828 8,467,698
25,000
253,671
381.458 271,929 2,275,792 1,665,973
105,41
123.337
4,388,531 3,'-46315
44,352
66,586
355,059
228,793
82,OJ0
72,000 2,799,200 2,552,100
11.976
15,036
483,194
422,652
48,013
36,636
43,81t^
49,589
1,629,003 1,270,875
70,913 2,561,448 2,323,030
82,964
247.144 209,948 6,654.8 9 6,321.487
533.000 492,001 16,193,551 15,750,614
25,{'(>
23,000
715,377
832,262
561,C0(
517,000 16,908,928 16,582,876
27.321
23,40i^
178,883
182,033
478,505 341,14t 2.952,205 2,413,363
112,881100,803
636,372
767,384
498,089 549,531 3,381,370 3,285,251
1,699
6,164
8,792
20,340
4,435,407 3,420,74^ 26,987,436 25,181,890
107,991
82,224 2,935,611 2,330,820
221,970 166,219 1,411. 1-3 1,237.171
268,539 247,368 7,682,925 6.984.705
17,366
13.722
71,565
64.819
4.991
4,294
28.924
29.733
614,115 530,815 3.762,309 3,543.309
561,303 483,655 15.496,990 14,354,966
22,780
27,589
664.731
578,265
75.258
62,323
62.323
75.258
28,801
26.648
35,514
39,716
164,tJ45
158,886 4,083,503 4,211,079
674,267 565,672 4,279,130 3,619,124
435,952 432,060 1.929,471 2,292,512
296,113 406,40
1,815,303 2,156,959
6,081,695 5,162,295 39,230,606 36,525,606
21,541
21,057
522,775
493,936
454,476 391,611 1,658,271 1,515.004
1,899,702 1.697,546 8.989,929 8,280,407
1,449,570 1,802.850 9,087,150 7,931,567
3,349,272 3,500,396 18,077,079 16,211,974
897.478
862.078 5,892,489 5,529,089
1,502,172 1,231,893 9,618,431 8,771,176
3,539
3,527
25,634
25,622
46,500
42,304 1,009,127
77 0,911
40.890
33.536 1,192,293 1,097,018
23,311
21,982
598,710
669,460
10,749
9,597
257,880
235,692
74,950
65,115 2,054,979 2,008.490
104,059
88,669
482,175
445.088
38.603
37.065
174,900
175,562
10.205
10,100
286.761
285,154
74,900
56,60(
2,172,843 1,991,259
13,227
12.900
66.957
75,515
29,259
26.332
800,521
704,347
30,946
27.765
195,072
186,506
3H,135
8,337
6,67
48,727
160,357
126,699 4,487,872 4,150.283
106,400
95,500 3,350,717 3,047,«77
161,573
126.460
957.313
814,057
129.210
136,50S
761,58a
662,036
99,ti44
85,492
512,766
454,424
14,732
14,026
568,768
507,866
323,074 426.269 1,565,247 1,.579,076
176,57<^:
9,156
6.99
145,067
29,033
42.130
133.219
104.625
19.400
102,031
18,587
78 586
5,560
21,80>
s-
560.168
114,622
570,536
20524
164.485
1,445.342
1,270,436
301,696
177,927
3,487,651
4.932,993
560,346
4,807
5.895
133,890
5,000
39,295
22.805
42.519
1,844,211
Union Pao. RR.. July
3d WkAug. 334,278
Wabash
WestVa.A Pitts. May
LXIX.
[Vol.
412,781
101,892
33,310
49,633
474.441
99,832
49a,331
2,350.257
2,249,970
607,930
23,341
102,66!'
506,972
2,524,572
126.362
2,815.317
133.264
798,05!
1,235,370 6,786,010
1,287,185 5,903.128
288,322 1,454,499
161.699
824,501:
3.568.474 15,843,6 i7
4,803,845 22,702,852
463,858 16,155,979
4,137
11,233
4,517
161,94*"
123,789 4,687,169
2,700
34,854 1,172,311
20,876
606.138
47,058 1,190,79
l,614.41r 11,051,763
2»9,73S 9,21ti,03
359,881 1,636 933
97,219
739,242
31 307
129,52(
43,476
323.292
69,300 2.176,257
31,695 1,013,90.
12,640
44,335 dlOS0OC9
95,404 3,301, 80:^
5,364
ti2.57
5,786
7.200
657,848
69
5,433,006
6,177,5
1,470,630
734,378
15,599,082
21,777.052
14,703,804
9,794
156,913
4,338,013
1,122,004
588,132
1,284,384
10,001,066
8,311,619
1,418,633
671,491
150..'>58
Western of Ala. June
303 207
80,80(1
We8t.N.Y.&Pa. SdwkAug,
1,860,835
35,200
Wheel. & L. Erie SdwkAug.
902,676
16.166
Clev. C. & So. Sdwk Aug.
3dwk Aug.
51.S66
Total
(/915.316
108,222
e^lBoonsln Cent. Sdwk Aug.
3,022,633
10.827
4 ,069
Wrightsv.&Ten. June
6.415
3.5.286
Tork Southern. .lune
a Includes earuiugs irom rernes, etc., not given sepai-uTuiy. b Includes the Pacific syHtein and the Atlatitio properties, but not tue Houston 4 Texas Central system c After May 1 Includes South CJaroliua &
Georgia for both years, d Includes Clev. Canton & Southern lor third
week of August ouly. * FiKures for July are for the railroad only.
t includes Chesapeake &. Ohio So'western, Ohio Vaiiey ai,d Cbioago
and Texas for both years. Results on Yazoo Branch excluded in
899 but Included in 1898 untU July 1.
5Covt Mexican currency.
e s resulte of Jlnes dlreotly operated east of Pittabarg.
:-!
»
;
September
THE CHRONICLE.
2, 1899.]
Latest Gross Earnings by Weeks.
—The latest weekly earn-
ings in the foregoing are separately summed up as follows :
For the third week of August our final statement covers 72
roads, and shows 12*99 per cent increase in the aggregate
over the same week last year.
3d week
of August.
1898.
1899.
4 87
Increase.
-Gross Earnings.—
1899.
1898.
Roaas.
$
Pennsylvania— (Oon.)
E. July
West of Pitts,
$
Jan. 1 to July 31
Phila.WUm ABali.b.July
897,478
5.892.189
Jan. 1 to July 31
Nov. 1 to Jaly 31
7,557.651
Rio Grande South, b July
33.499
$
4,695.626
40.190
99,302
95,283
1 553
118.106
OUoasTo*
t-'ast.
Illinois
Ohio. iDd'plls & nt. h.
Clilcago Term'l Trans
«
4.172.093
.
133,857
107,0^6
89.660
1.328
103.021
67.631
83, •32
..
7,734
20.292
• .> -.-••
Ohlcaico AGr'd TrunB >
Det. Gr.Hav. A Milw. 3
539,020
462.794
76.226
Hocklntf Vallev...
Kjkd. City Ft. IS. * MeiL
Kan. C. Mem. & Blrm...
Kansas City & Omaha
Kan. Oitv sub, Belt
LonlsT. Evansv. & St. L.
Louisville Hend.A St. L..
LoulBvllle & Nashville..
86,998
IK',357
59,634
83.372
20.S61
27.364
L,.
& West.
Shore & At..
Fla. Cent. & Penin
Det. Gd. Rapids
Duluth
8o.
Worth & Denver City
Ft.Worth & Rio Grande
Ft.
QeorfTla
.......
Orand Triink
.
..
23 990
38,766
12.381
497.000
82 964
268,539
561 803
27.5o9
164.645
74,950
10,205
160.357
14,732
560.346
M.
Kati. City..
42,519
80,800
35,200
16,166
9.147,474
8,095,605
Rail war
*
West N. Y. & Penn
Lakei F.nr.
Wheeling
Cleve. Canton & Sou'n.
<fe
Total ^72 roads)
Set inorenae (12-99
.,
26
*•
*
*s*
31,343
....
a Net earnings here elven are
....
and rentals amounted to $143,18?, against
t For July, 1899, taxes
$147,336, alter deducting which net for July, 1899, was $831,931,
against *332,357.
t Decrease in July, 1899. due to strike at company's mines.
78!=i
204
1,262
,
5.190
2,769
69,660
12 051
21.171
78,148
4.809
5.759
9,835
105
33,6i8
706
>
SB
S>
.
Roads.
Chic. Burl.
•
«
••••
--.
05
1,101.021
1,051,869
49,152
—
Net Earnings Monthly to Latest Dates. The table folloT^ing shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from whioh monthly returns can he obtained, is giver
onoe a month in these column and the latest statement oi
this kind will be found in the Chronicle of August 26,
1899. The next will appear in the issue of September 23, 18i>9,
&
St.
L.July
Grande South. ..July
1899.
$
842.958
130,3j4
$
519.733
29,443
47.923
def.4,146
Gross Earnings.
1898.
1899.
$
$
.
.
Net Earnings.
1899.
1898.
$
Roads.
121 303
219,557
306,732
Allegheny Valley. b.July
647.224
Jan. 1 to July 31.... 1,750,895 1,488,179
(978,113
Atoh.Top. & 8. Fe. b.July 3,203.171 2,766.998
Jan. 1 to July 31... 22,6i9.037 21, 6J 5,336 7,495,648
336,244
:268.673
177,149
Bufl. R. & Plttbs b..July
731,743
Jan. 1 to July 31.... 2,065,161 2.142,492
49,659
23,464
55.290
Buflalo&Susqueh.a.July
407.782
318,460
156,672
Jan. 1 to July 31....
393,704
303,325
105,579
Burl. Ced.R. & No.a. July
675,093
Jan. 1 to July 31... 2,559.377 2,2bl,840
972,962
Canadian Paolflo. a. July 2,385.6^5 2,051,363
Jan. 1 to July 31.... 15,073,989 13,647,382 5.995,215
124,104
428,702
449,625
Cent, of Georgia. a July
762,632
Jan. 1 to July 31... 3,042,344 2,913.679
def.1.671
6,963
5.958
Chaltan'ga South. a. July
43,163
40,164 def.11,057
Jan. 1 to July 31 ..
Ohio. Burl.<SiQuln.b..luly 3,850,278 3,086,197 1.359,733
Jan, 1 to July 31.. .'.23,927.508 22,937.948 8,339,825
&8t. P. a. -July 3.384.476 2,535.192 1,140,058
Ohio.
Jan. 1 to July 31... 21,364,758 18.294,574 G,9&0,bl2
295.341
82.522
Colorado & So. b... July
583,221
Jan. 1 to July 31 ... 2.099,848
197
1,070
868
June
Crystal
6.417
7,164
1,614
Jan. 1 to June 30....
92.853
27.665
88,4 33
Qa. South. & Fla. a. July
57C,650
136.649
560,087
Jan. 1 to July 31 ....
32.528
2^,306
Gila Val.Glcbe & No. July
24f,657
172,471
Jan. 1 to July 31
Lehigh Valley RR..July 2,057,125 1,703,086 *582 372
Jan. 1 to July 31. ...11.376 720 10,132,672 2,C09.t6a
Deo. 1 to July 31... 13,167,713 11.671.784 2,394,802
Lehigh Val. Coal Co. July 1,565,143 1.406,682 df.52413
Jan. 1 to July 31... 9.415.197 7,821,605 df.3P6.^81
Dec. 1 to July 31.... 11, 186,011 9,241,520 dl.473,352
730,849
Lonlsv. & N88hT.b..July 2,166 220 1,827.667
Jan. 1 to July 31....14,039,V06 12,750.fc04 4,588,680
516.246
Mexican Central... July 1.375,920 1,018,536
Jan. 1 to July 31.... 8,745.354 7,767,831 2,920,019
240,160
150,682
80,600
Minn. &. St. Loui8.a..July
P10,97i
Jan. 1 to July 31... 1,499,272 1,153.628
398,615
289,975
203,122
M.St. P. AS. 8. M... July
977,370
Jen. 1 to July 31.... 2,310,560 2,116,363
498.089
549,531
165,044
Nash. Ch.<fe St. L. b.July
422.966
154,844
349,887
N. Y. Ont. AWest.aJuly
2,b23,484 2,081.941
863.737
Jan. 1 to July 31 ..
221,970
166.219
99.417
N.Y. Sus. &We8i.a..July
547.552
Jan. 1 to July 31 .... 1,411,183 1.?37.171
614,116
530,815
166.432
Sorthem Centra). b.. July
819.616
Jan. 1 to July 31... 3.762.bC9 3,543,309
486,45f>
July
f28,157
267,605
Oregon RR. & Nav.
Jan. 1 to July 31.... 3.633,961 3,781,169 1,478,825
M
$
96.647
5tO,135
t479.693
4,960.069
124,445
770,942
20,918
123,719
72.873
669,352
730,689
4.884.36g
148,612
fc4«,t4'J
3
det.
21
42
912.07 5
7,754,039
882.521
6,3j7,532
def.153
3,56d
30
168,085
32,';
—
STREET RAILWAYS AND TRACTION COMPANIES.
Jan.l toLa/ttt Dat^
Latest Orois Earnings.
Gross
Eabninqs.
Week or Mo
1899.
1898
Albany Railway
imsterdam 8t. Ry.
Atlanta Ry. & Power.
Bay Ciiles Consol...
.lune
61,921
4.827
45,908
9.407
56,555
4,459
May.,
July.
July.
Blntrhamton St. Ry.
June
Bridgeport Traction June
Br'klyn Rap. Tr. Co.Brooklyn Heights.. July
Brooklyn Elev. t
July
Nassau Electric... July
Total
July
Cln. & Miami Val.
Cm. Newp. &, Cov
.
.
,
,
May
July
City Elec. (Rome,Ga.) July
(Cleveland Electric... June
df.50-».4S8
di:.577.911
513.726
3,778,261
3C6.S96
2,4t8,137
53.560
409.430
97,408
690,718
219,81-0
103,179
514,697
80,988
531,2C9
183,432
835,916
209,778
1,356,017
533,284
178,439
174.152
885,875
12,633
68,704
560,434
137,628
237,412
935,474
11.0965.678
2.847
2,741
=
1899.
1898.
338.453
22,231
*
299,142
20,182
259,125
49,5-9
72,798
164,^0.
48,625
71,578
162,276
3,526,562 3,325,506
1.^33.08t
8H9,278
1,189,720 1,226,622
5,949,368 5,441,406
49,219
37,984
394,296 369,185
15,417
13,835
819.580 830,911
50.623
41,367
432,358 388,241
& E.
Detroit Ft. Wayne &
Belle Isle
Istwk July
651,869
215,596
5'80'.i22
91,417
114 325
31,170
201,174
4,778
21.801
9,822
18.799
34,551
10,08)
100,321
123.300
35,102
27,288
174,786
146,060
3,404
18,697
2.868
17,151
20,954
102,868
19,459
89.155
Lima Railway (Ohio) June
London St. Ry.(Can.> July
July
16.132
9,440
11.046
4,740
"1,006
July
H.46b
13.876
9.290
9.143
3.640
10.809
9,433
8,364
84.626
37,615
59,445
22,445
39.716
51,407
77.008
75,951
38,635
o3,b76
18.113
58,223
36.913
48,477
602,447
949,647
28,431
36,383
21.981
805.164
11,80J
232,403
530,248
838,938
27,103
35,011
21.104
789.288
1C,411
209,431
36.855
11,624
226.875
89,259
244,018
34.151
12.349
213,341
85,872
221,141
Ouiuth St.Ry
Erie Electric Motor..
Galveston City Ry...
diarnsburg Traction
flerklmer Slohawk D
Ion
t'
July
March
April
July
& F'kf ort El. Ry June
ouston Elec.
St.
Ry. June
Interstate Consol. 01
North Attleboro... July
ilngston City Ry
July
Lehigh Traction
Lorain & Cleve
Los Angeles Tract.
.
June
Mass. Elec. Co.'s
July
Milw. Elec. Ry. & Lt. April
Slontreal Street Ry.. July
Muscatine St. Ry
June
Newburg St. Ry
June
Sew London 8t. Ry.. June
IffewOrleans City.... July
Jgdensburg St. Ky... July
Paterson
Ry
July
Richmond Traction., July
.^oxb'h Ch.H.A Nor'D May
SohaylktU Val. Trac. March
Joranton Railway
July
ataten Island Elec. June
Syracuse Rap. Tr. Ry. June
Toledo Traction
Toronto Ry
Twin City Rap. Tran.
Onion (N. Bedford)..
U'tdRys.Eleo.(Balt.)
United rract. (Pitts.'
Onlted Tract. (Prov./
Oalt. Trac. (Reading!
Wakefield <fe Stone.
. .
West Chicago St. Ry
Wilkes A VTv. Val.
Fennsjlvania—
Llne8 directly operatedEast of Pitts.* E.July 6,081,695 5,162,295 1,831.131 1.701.'131
Jan. 1 to July 31... 39,230,606 36,525,606 10,314,481 10,241,181
32,9o>
9.916
14,62
33,019
16488
I83,b87 141,738
11,224
June
8,987
'olumbus St. Ry. (O.i July
75.849 60,199
Denver City Tram... July
113,77) 106,455
Uetrolt Citl'ns' St.Ry Istwk July 36,992 26,148
Detroit Elec. Ry
IstwkJuly
9,065
7,487
Jleve. Palnsv.
.
511,P59
2,351.573
2,814,654
df 182,806
$
6P.117
89,556
371
The following tahle shows the grosn earnings tor the latest
period of all street railways from which we are able to obThe arrangement of the
tain weekly or monthly returns.
table is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the calendar year from .January 1 to and including such
Utest week or month.
,
,
1898.
STREET RAILWAYS AND TRACTION COMPANIES.
.
3,526
p.c).
Etlo
—
1898.
$
840.000
135.601
17,833
AQuinoy.July
Washv. Chat.
>>> «•.
4,539
3,
—
interest Charges and Sari»ln». The following roads, ia
addition to their gross and net earnings given in the foregoing, also report charges for interest, &o.. with the surplus
or deficit above or below those charges
Int., rentals, die.
^Bal. of Nel Eamt.^
— 1899.
96.488
1,929
11.500
after deducting taxes
h Net earnings here jrlven are befoi-e deduotlne taxes
* Expetsea for 1899 include monthly proportion of extraordinary
expenditures,
3,629
247,36-«
22,80.=S
Rio Grande Southern....
8t. Louis <te San Fran
San. Fe Prescott & Phx.
rol. 8t. L.
•••
527
70.913
& West'n.
Oree RR. & Vav
Pittsburg & Western....
Bouihem
547
418
427 340
483,655
22.780
158.886
65,115
10.100
126.699
14.026
463.858
20.876
47.058
69.300
31,695
12,640
Toledo Peoria
•
l.{^44
6,222
10.735
33.576
9,612
6.018
9.473
.
Minn. St. P. & 8. 8te.
Sorfolk & Western
Northern Pacilio
Ohio River
23.7f,8
".
)
.
.
—
15.082
43.890
291.033
30.798
36,371
73.767
29.787
6.340
26.417
aev. ''inChlo. &8t.
.
225
25,284
47.158
299.406
32,742
56,663
42,424
30,334
6,758
25,890
..
Cmoago & West MioMKai
3,543
5.623
15.501
1.526
3.268
8.373
497,53.=!
Louis &8an Fr. b.July
561,915
Jan. 1 to July 31 ... 4.014.120 3,774.257
St. Louis Southwest. July
428,143
369,206
Jan. 1 to July 31
3.047,914 2,775,854
June
Texas Central. a
20.769
18.614
Jan. 1 to June 30....
130.391
129.179
July 1,844,211 l.fil 4.413
anion Pao. Ry.a
Jan. 1 to July 31
11,051,763 10.001,066
Wabash. b
.. July 1,273,185
1.079,211
Jan. 1 to July 31 ... 8,264.955 7.473,596
W Jersey* Seaeh.b. July 412.781 359.881
Jan. 1 to July 31 ... 1.636.933 1.418.633
W^Bt. N.Y.&Penn.b July
339.859
257,3.'
Jan. 1 to July 31
1,938,057 1,653.435
8c.
»
527,076
6.333
3:? 1.400
1,156.100
302,034
312,934
1,693,894 1.497,094
2.193.293 1,859,593
13,687
18 294
193.798
158,294
1,528,815 1,403,959
76,103
27,994
730.792
307.420
2,605
1.778
27..=;8 5
25.329
7*8,091
699,120
4.279,809 4,136,292
304,084
257,655
2,211.014 1,-^27.324
168,462
137,^62
439.194
315.994
128.687
81,200
610.908
446,607
Inc.
Inc.
862.078
5.529,089
7.027.851
42,324
.
Previoaaly rep'd (31 i-'df
Alahama Gt. BontherD
Burl. Ced. Rap. & North.
Osntral of Georgia
Otaattanooga goathern..
.
1898.
1899.
Inc. 759.200
Inc. 2.323,800
ife
.
Decrease.
—Ifet Earnings.
1
*
t
July
July
July
3,739
17.796
12,87
551,359 493,8n',
150,263 134,407
154 048 143,9^7
4,761
4,655
8,031
8,9 3fc
6.774
120.871
2,993
41,279
19,151
10,729
4,564
38.027
22.243
99,030
116,824
225,390
June
20,413
April
341.340
July
161,474
June
175.617
July
27,001
May
5,204
3dwkJ'ne. 86,739
May
47,469
6,06i
i
11.113
2,t)7i
37,427
13.022
8.89.
4,4 S9
34,330
21,129
85,055
104,3021
196,517 1,37 6', 7 46 l,20i',552
87,268
15,782! 100 599
313.0381
945.526 868.907
140,561
917,730 817.486
148,964
1
4,861;
These flgnres include results on Bridge Division.
Strike In July. 1899.
Strike in June. 1699,
from 10th to 25th.
121.845
19.531
110,701
19.157
80,696 1.885.100 1,784.064
42,421' 2i 4.840
194.745
22,876
THE CHRONICLK
468
—
Street Kailwaj Net Earnings. The following table gives
Ihe returns of Street railway gross and net earnings received
In reporting these net earnings for the street railthis week.
ways, we adopt the same plan as that for the steam roads
that Is, we print each week all the returns received that
week, but once a month (on the third or the fourth Saturday,
we bring together all the roads furnishing returns, and the
latest statement of this kind will be found in the Chronicle
of August 26, 1899. The next will appear In the issue of
September
23, 1899.
.
—
—
eroa$ Mamxngt.
1899.
1898.
Xarnxngi.
1899.
1898
-titt
Paterson Railway... July
Jan. 1 to July 31
Richmond Traction. July
June
Staten Isl. Eleo
Jan.
June 30
June 30
1 to
Julyl to
United Trao. (Pitts.) .July
Jan. 1 to July 31
113,771
41,279
232,409
19,151
22,243
89.259
205,103
161,474
945.526
106,453
37,427
209,431
13,022
21.129
55,872
186,927
140,561
868,S07
40,541
27,590
22,128
18.405
105,234
90,025
5,420
9,599
10,007
2,317
12,982 def.12,975
27
51,297
94,828
81,905
451,166
506,858
.
^Bal. ot Net Barn's.-^
1898.
1899.
1899.
18S8.
10,222
13,053
41,534
6,756
9.280
29,631
Roads.
Denver City Tramw. July
30,319
9,075
53,294
July
Paterson Ry
United Tract. (Pitts.) July
20,834
9,125
52,274
"
dividends (4 p.
c.)
Surplus for year
Add profits on sundry
Chicago Great Western Railway.
The remarks of President Stickney, together with the income account and balance sheet, will be found on pages 501
and 502. The usual comparative tables will be given in this
column next week V. 69, p. 177.
—
& Hudson River Railroad.
Surplus to profit and loss
Accumulated surplus
$-99,049
$1,373,325
9,424,173
$654,471
11,465,000
Bal.atcreditofprofltandloss June 30. ..$10,797,493
$12,119,471
Deduct—
Expenses refunding bonds
Expenses issuinsr L. 8. and M.
Accounts written off.
C. coll.
and lose June 30. .$10,797,498
$9,424,173
CONDENSED GENERAL BALANCE SHEET JDNE 30.
Cost of road
Real estate
traffic,
earnings, income, etc., are
shown
Miles oper. June 30
1.137
1,437
42,119
1,426
1,127
1,433
37,607)
1,363;
1,127
1,433
^a
qo<i
^8,909
2,395
1895-96.
2,395
Equipment—
Locomotives .......
Passenger equip't..
1,122
1,447
Preieht cars
39,028
Service oars
149
143
142
Floating equipment
141
Operations—
Passengers carried. 24,575,902 21,074,254 23,166,483 23,906,471
Passenger mileage.. 754,081,020 712,115,222 669,'? 64,624 724,227,685
1-86 cts.
1-90 cts.
1-89 cts.
Rate per pass. p.m. 1-82 cts.
Fr'ht (tons) moved* 25,356,474 23,403.439 20,649,810 22,123,617
.
Fr' lit (tons) mil'ge*.. 4659165559
0-59 Cts.
Av. rate p. ton p.
m
.
4500269846 3790311495 3874532962
0-61
cts.
0-68
cts.
0-67 cts.
SDMMAHT OF FINANCIAL OPERATIONS AFFECTINO INCOME.
Earnings from —
1898-99.
1897-98.
$27,529,964
13,723,115
1,299,840
1,654,182
1,882,308
95,248
$27,496,130
13,250,801
1,285,779
1,652,779
1,984,790
103,961
1896-97.
$25,850,731
13,094,620
1,254,067
1,539,826
1,791,884
88,276
$46,184,658
$45,774,240
$43,619,404
$4,700,294
5,033,096
18,250,703
1,144,888
$4,660,633
4,987,192
13,735,462
1,127,727
$4,838,267
4,435,473
17,215,889
1,110,282
Total
$29,128,981 $29,511,014
Net earnings
$17,055,676 $16,263,226
(63-07)
Per cent of exp. to earnings. .
(64-47)
$27,599,911
$16,014,493
Freight
Passengers
Express
MaUs
Rentals
Miscellaneous
T.tal
—
,
Expenses
Malnten. of way & struct
Maintenance of equipment
Transportation
General
Waaes and
and
312,141,978
304,947,651
194,781,900
99,993,700
99,993,700
99,993,700
6,300
70,377,333
7,0(0
803,637
3,065.888
978,101
3.704,006
),6>'8,089
liabilities
Mich. South, stock owned....
Div. on Mich. Cen. st'k owned.
Divs. and int. onoth. secur't's.
Interest on loans, notes and
3,163,523
647,351
sundry bills
Protits from sundry accounts..
2,P37,379
1,282,406
6.346,038
1,000.000
«9,936
288,467
2,914,150
30,723
9,424,173
11,465,00*1)
312,141 ,978
804,947,651
191,781,900
1,000,0.
65,128
401,657
2,914.150
Proprietary interest in other lines through ownership of stock is as follows
L. Sh. & Mich. So. Ry.. §90,539,200
Mich. Cent. RR., $i8,546,625 Dun. Al. V. &
Pitts, RR.. ?156, 912 Syr. Gen. & C. Ry., *802.875 ;Xar. Wat. & S. H. RR., $483,800; New Jersey JunetionRR., $100,000; other railroads, $60,858;— $110,690,270.
-V. 69, p. 282.
*
;
:
;
&
Pittsburg Railway.
(Report for the year ending June 30, 1899.)
The remarks of President Arthur G. Yates are given on
pages 499 and 500 of to-day's Chronicle.
The statement of earnings, expenses, balance sheet, etc.,
has been compiled for four years for the Chronicle as follows:
OPERATIONS. EARNINGS AND EXPENSES.
Road operated
Eq^lipment—
Locomotives
Passenger cars
1898-99.
1897-98.
1896-97.
33
336
339
164
53
7,771
247
Operations—
Passengers carried.
772,871
Pass, carried 1 mile. 17,095,220
Rate per pass. perm. 2- Hi's cts.
Earnings—
Freight
Miscellaneous
340
132
53
142
54
7,248
261
7,050
7,196
250
243
733,203
16.255, It
2-161 cts.
4,257,«79
4,092,850
579,382
548,231
Tot.t'n9(allfr't)car.
6,247.910
5,874,173
123-29
ni.
125 03
Av.dis. haul 1 ton
Freight (tons) 1 m.. 770,285,887 734,471,656
0-412
m..
cts.
0423 cts.
Rate per ton per
Passenger
1895-96.
142
53
Tons( if bit. coalcar.
Tons of coke carried
714,827
742,102
15,374,634 16,055,899
2-158 cts.
2-177 cts.
2,949,582
2,433,165
431,218
367,275
4,3-3,188
3,775.504
131-52
143-70
575.169,465 542,557,063
478 cts.
480 ots.
$
$
405,389
3,375,385
7,682
394,675
3,281,794
7,121
$
371,773
2,930,987
9,006
2,747,722
4,663
3,788,456
3.683.590
3,311,766
3,141,889
1,371,858
1,243,376
597.010
433,025
93.005
62,303
132,853
1,144,623
586,310
384,172
99,054
70,500
103,719
6i»2,s70
1,169,068
557.101
407.003
98,959
76,704
20,034
379,719
94,830
63,642
20,553
2,234,913
$
389.504
Expenses—
Transportation
Malnt. of equipm't..
etc..
General...
<&
2,914,150
2,676,618
) ,564,712
5,688.836
1,000,000
77,626
680,119
2,914,150
941,541
10,797,498
loss
Malnt of way,
Lake Shore
2.6m, 166
750,110
2,914,150
supplies
Total
Add:
Dividend on
115,262,008
18,018,069
913,600
30,417,591
1,168,621
2.691,166
4,021,585
2,043.950
1,905,878
3,926,678
1,310,063
184,642
1,912,020
2,657,899
2,781,190
2.362,891
3,70 \689
3,960.561
Interest and rentals accrued
Dividend payable July 15
Dividends and interestjuiiclaimed
Sundry accounts paya»)le
Securities in trust fur lessor companies
Items conveyed from lessor companies.
Freight cars
Service cars
Exclusive of company's freight.
115,8s9,423
18,146,101
1,298,420
30,152,691
108,944,862
4,021.585
2,043.960
1,905,8^8
4,973,671
1,187,116
186,404
1,667,828
2,661,776
4,084,646
2,327,972
450,110
2,914,150
Traffic balances payable
Baffalo Rochester
1896-97
1 15,482,612
Consolidation certificates
6,300
6,300
Bonded debt (see Invest. Supplement)... 185.212,631 181,490.988
Bond and mortgage payable
7,000
7,000
Loans and bills payable
671,250
457,391
OPBRATIONS.
1897-98.
2,395
1896-97.
RR
ing tables:
1898-99,
2,395
1897-98.
18,163,779
1,692,878
Equipment
30,340,491
Railroad stocks owned* ^proprieta^y int.). ..110,69 i,270
bonds
"
3,153,156
Miscellaneous stocks owned
4,046.785
Real estate not used in operation of road... 2,044,275
Bridges at Albany
1,905,><78
Advances to New York & Harlem
5,251,455
other railroad companies
2,032,391
miscellaneous companies
222,629
Cash
4,093,896
Total
in the follow-
1898-99.
Buffalo grade crossings
SO. 1S99.J
495 to 499.
$2,344,998
57,050
293,250
bonds
Bal. at credit of profit
Profit
Full extracts from the annual report of the Directors, with
many valuable tables of statistics, will be found on pages
The
$654,471
$2,272,374
$801,294
97,755
Liabilities—
Capital stock
(Report for year ending June 30, 1899.)
^Report for the year ending June
657,322
Deduct expenses refunding bonds
exp. issuing L. S. & M.C. coll. bonds
Total assets
Central
$4,300,000
$654,471
leased lines formerly
carried in separate accounts
TrafBc balances: receivable
Sundry collectible accounts ..
Fuel and supplies
Sinking fund for debentures of 1890
Securities acquired from lessor companies..
ANNUAL REPORTS.
New York
$4,300,000
$1,615,052
net income for the year
$5,915,052
Deduct reserve for redp. 4 p. c. bonds of 1890
300,000
—
Interest Charges and Sarplas, The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with the
surplus or deficit above or below those charges.
-lnt.,rent(Ut,etc.—
4,000,000
1897-98.
$4,954,471
300,000
4,000,000
1898-99.
From the
.
Roads.
Denver City Tramw.July
LXIX
[Vol.
Taxes
446,064
1,311,605
248,363
539,003
512,186
Total
2,615,613
2,561,572
2,350,243
51,424
16,303
44,700
107,796
90,027
63,522
Net earnings
1,172,843
1,122,018
961,523
856,976
(69 54)
(70-96)
(72 72)
$21,380,348
$18,514,698
$16,680,228
Other income
$7,487,755
5,903,508
1,738,127
136,833
108.334
Tax on gross earnings
inter,
rev.
tax...
States
55,064
United
Interest on loans, notes and
35,675
bills payable
$5,421,200
5,972,422
1,883,240
136,788
87,671
$4,019,760
5,921,736
2,048,235
141,000
87,900
53,905
106,730
$15,465,296
$5,915,052
$13,560,227
$4,954,471
$12,328,361
$4,351,867
Gross income
Dedrict —
Interest on funded debt
Rentals of leased lines
Taxes on real estate
Tax on capital stock
Net income.
.
Ext'dinary
& imp'ts
P. o op. ex. to earns.
(69-04)
13,512
22,514
35,510
37,889
1,186,355
1,144,532
997,033
894,865
Int.onb'ds&cartr.
Interest on bonds of
649,210
647,066
579,877
585,001
proprietary roads.
Rentals
Miscellaneous int...
Div. onpref. (2p.c.)
18,900
127,964
18,900
46,705
18,900
127,460
45,860
120,000
18.900
121.981
4,264
120,000
1,916,404
269,951
912,211
232,321
766,147
230,886
777,221
117,644
Total
Total
Surplus
330
120,(>65
September
THE CHRONICLE.
1899.]
2,
BALANCE SHEET JUNE
30.
1898.
1899.
1'96.
1897.
Assete—
$
$
$
Cost of road Aequip. 22,121,755 21,760,605 21,087,970 20,983,160
1,511,820
1,517,949
1,503,775
Co8tof prop't'y rde. 1,519,391
1,003,670
1,003,670
1,003,671
I n vestments
1,003,670
23,466
109,378
110,417
61,054
Cash
112,920
292,000
304,000
Bills receivable
87,561
1
297,890
332,02
355,553
245,814
Materials on band..
340,011
Agents&conduotors
93,812
315,6-i4i
418,517
203,481
173,560
Individuals and cos.
87,488
110,271'
100,541
10.771
Miscellaneous
Total
Liabilities
25,264,198
24,932,164
6,000,000
6,000,000
10,629,000
786.000
304.000
370,000
131,392
131,317
396,359
291,088
6,000,000
6,000.000
10.629,000
527,000
301,500
370,000
130,185
526,440
32.972
5.455
858,587
53,357
5,455
588,635
26,269
5,455
416,315
25,390,419
25,264,198
24,932,164
25,390,419
—
Stock, common
6,000,000
6,000,0f0
Stock, preferred
Bo'd 80ut'g(8ee8up) 10,629,000
768,000
Car trusts
304,000
Real estate mtgs...
Bonds of propri rds
370,000
accrued not due
Int.
and voucli
Pay-rolls
Bills
Due to indiv'B & cos.
Total
& Eastern
Illinois Railroad.
('Report for the year ending
June
30, 1899.
The gross receipts from
J. Carpenter says
compared with the previous year, increased 8 53
per cent, or $360,122, and the net receipts from traffic increased 16'66 per cent, or |266,834. There was an increase in
President M.
Common
stock outstanding
6,197,800
Preferred stock outstanding
5,830,700
B'ds & car tr. notes (see Sup't.) ..21,053,859
Int., div., rentals, taxes, &c
584,452
363,881
Pay-rolls, vouchers, &c
Loan (advance on property)
Equipment fund
Other
1898.
$
1897.
$
•$
6, 197,800
5, 830,700
6,197,800
4,830,700
21, 135,014 20,914,169
592,477
430,595
405,733
366,367
100,000
1,468,643
1,368,051
51,741
170,296
1,657,449
.35,799,340
35,529,775
34,619,11»
liabilities
Income account
Total liabilities
69, p. 280.
— V.
Metropolitan Street Railway (New York).
fReport for the year ending June 30, 1899,
The report for the fiscal year ended June 30. filed with
the State Railroad Commissioners, shows an increase as compared with the preceding fiscal year of $2,428,156 in gross
earnings and of $1,639,930 in net, with a reduction in operat762,000 ing expenses from 52^8 per cent in 1898 to 48;^'4. per cent in
215,064 1899. The benefit of the change to mechanical traction on
16,17H 6th and 8th Avenues, and on 23d St., however, were not fully
185,428
During July,
obtained, it is stated, until March, 1899.
24,620,532 August and September, 1898, moreover, the 6th and 8tli
Avenue roads were practically closed, while the decrease in
traffic in January, February and March, owing to the
severity of the weather, it is claimed, was greater than ever
69, p. 383.
Chicago
1899.
—
6,000,000
6.000.000
9,629.000
668.000
301.500
3 "0.000
130,922
342,438
payable
Miscellaneous
Profit andloss
-V.
24,620,532
Liabilities
489
:
traffic, as
freight receipts of $259,259. The number of tons hauled per
freight engine mile for the year was 414 tons, against 369
tons the previous year, owing to the use of heavier locomotives.
As to renewals and improvements, he says
There were lelaid 20-97 miles of track witli 80 pound-rail, 4-69
before in the history of the property, except in 188S the great
blizzard year. The figures as below given for each of the
last two fiscal years are on the same track mileage:
Results for the late fiscal year compare as follows:
EARNINGS, EXPENSES AND CHARGES.
Receipts from—
1898-9.
1897-S
$3,690,600 $4,130,2001
6,043,500
1,918,800
3,085,.- 00
4,375,500
339,030
£05,974
Cable line passengers
Underg'd trolley do
Horse car line
do
Other sources
1896-7.
\
$8,888,803
,'
:
:
miles of side tracks were constructed, delects in profile received considerable attention in the way of filling sags and cutting down grades,
and the ballasting of the Chicago Paducah & Memphis RR. was completed. Thirty-nine wooden structures aggregating 1,025 lineal feet,
were replaced with iron pipe or short steel girder spans. The Howe
truss ovf r Otter creek north of Terre Haute was replaced by three 60foot deck plate girders with stony, piers and abutments, and a 75-foot
through steel girder span was placed over Otter Cretk near Brazil. Ind.
A brick depot was coostructed at Milford. lU., at a cost of $6,419. and
an addition to Danville shops at a cost of $2,593. The equipment has
been kept in a high state of efficiency.
The sum of $100,000 has been appropriated from the surplus
of the year for additional equipment, for which no securities
can be' issued. An extension of 63 miles is now under construction from Marion, 111., to Thebes, 111., on the Mississippi
river.
Statistics.
— Operations,
below for four years
earnings and charges are shown
:
OPEKATIONS AND FISCAL RESULTS.
Miles operated
1898-99.
1897-98.
1896-97.
1895-96.
648
648
648
522
Operatiom—
Pass, carried. No
Pass. car. one mile.
3,269,958
50,069,579
1-59 ct8.
2,796.465
44,797,770
$
797.387
3,638.721
145,452
$
709,343
3,379,462
132,633
$
677,262
3,115,116
135,232
$
727,414
3,154,642
132,568
Total
Expetises—
Main.of way&struc.
Main, of equipment.
Cond. transportat'n
General expenses..
Taxes....
4,581,560
4,221,438
3,927.610
4.014,624
402,750
478,557
378,983
490,717
1,408,153
127,151
214,628
326.352
430,576
1,345,877
132,226
188,884
315,916
446,440
1,357,573
128,332
185,627
Total expenses.
2,712,920
1,868,640
2,619,632
1,601,806
62-05
2,423,915
1.503,695
61-71
2,433,888
1,580,736
3,005,456
44,280,693
3,605,421
47,361.516
1-58 cts.
1-53 cts.
1-54 cts.
Rate per pass, perm
5,?)38,429
Fr'ght (tons) carr'd.
4,784,375
4,582,663
4,437,290
Fr'ght(ton8)car.l m, 750.399,337 660,143,108 612,368,345 583,808,792
0-485 cts.
0-512 cts.
0-509 cts.
0-54 cts.
Rate per ton per
m
Earnings—
Passengers
Freight
,
Mail, express, etc..
Net earnings
Per ct. exp. to earns.
1,472,706
138,597
220,310
5922
6062
1898-9.
1897-8.
1896-7.
1895-6.
$
$
$
1,868,640
196,689
1,601,806
166,286
1,503,695
157,712
$
1,580,736
154,644
2,065,329
1,768,092
1,661,407
1,735,380
1,066,599
1,083,052
Interest on bonds..
231,^^67
229.651
Rentals
349,842
289,842
6 p. c. on pref stock.
Div. on com. stock. (31^)216,923 (21^)154,945
1,002.553
968,995
231,478
289,842
Total
241,156
289,812
.
Total
Balance
'From
1,864,731
8ur.*200,598
1,757,490
1,493,315
1,533,551
Hur.10,602 sur.127,856 sur.242,065
this balance $100,000 appropriated for additional equipment.
BALANCE SHEET JUNE
1899.
Assets—
Road and equipment
30,796,403
Bonds, stocks and other invest's.. 2,748,272
Sinking fund C. & E. I. RR
360,591
Sinking fund C. vfe W. I. RR
345,398
Bills and accounts receivable
368,696
Materials and supplies
294,881
Bills and accounts, advances, etc.
567,641
Cash
317,451
Total assets
35,799,340
13,1.=;8,630
6,408,711
10,730,474
5,620,484
8,888,«03
4.310,235
Net earnings
Other income
$6,749,919
$366,893
$5,109,990
«3l5,546
$4,078,568
$515,803
$7,116,812
$5,455,536
$4,594,371
$4,477,767
$3,609,966^
$470,000
513,449
(
2,171,801
Total net income
Deduct
-
Interest on bonds
)
Taxes
\
Rentals, etc
(
)
Total
$4,477,757
$3,609,966 $3,155,250
Balance, surplus for dividends. $2,639,055
$1,845,570 $1,439,121
Dividends
$2,471,675
$1,500,000 $1,200,000
The " Street Railway Journal " for September contains an
article upon the relative costs and profits of cable, electric
York City, from which we get the
and horse traction in
following: Of the 220 8 miles of track operated in each of the
last two years, the company on June 30, 1899, had 25*3 miles
in operation by the cable system, 821 miles of track with the
underground electric system, nearly all of the latter opened
from Nov. 1, 1897, to Oct. 1, 1898, and 113 4 miles of horse
railway track. In the last year the company ran its cars
over the same trackage nearly 42,000,000 miles, as against
35,000,000 miles in the previous year, the new cars being,
moreover, nearly double the capacity of ttie old. The passenger receipts increased nearly 25 per cent as a consequence,
while the receipts per car mile were actually raised from
29-7 cents to 30'7 cents, or about 3 per cent.
The traffic of
the cable lines fell off about 10 per cent and of the horse
lines about 30 per cent, while the electric lines carried three
times as manj' passengers in 1899 as in 1898, and their receipts
per car mile increased from 26 99 cents to 31 -23 cents. The
percentages of operating expenses to passenger receipts of the
three motive powers compare as follows
1899.
1898.
New
:
^er cent.
Per
cent.
Horse...
47-8
37-9
65-3
50-8
38-3
69-8
Total
53-3
49-4
Cable
...
Electric.
The company's new
INCOME ACCOUNT.
Seceipts—
Net earnings
Other income
Gross earnings
Operating expenses
70,000 horse-power station was not
in operation at all during the year, and is even now running
but a single unit out of the ten to be installed, so that the
advantage of economical power has not yet been obtained,
but the company has been forced to use a number of temporary power stations, with storage batteries, etc., and has been
many times forced to work them above the economical limit,
the demand for power at certain hours of the day severely
taxing the station capacities.— V. 69, p. 334.
New York Susquehanna & Western RR.
fiscal year ending June 30th, 1899, J
President E. B. Thomas says in part
All fixed charges have been earned and a balance of $166,788 carried to The credit of the profit and loss account as the result of the
(Report for the
year' 8 work.
30.
1898.
$
30,567.413
2,748,256
1897.
35,529,775
34,619,117
$
30,548,564
2,753,864
296,466
.328,591
274,243
308,757
300,933
324,546
133,144
190,143
82,00O
366,000
229,903
696,069
In the general balance sheet the decrease of "Cost of
Road and Equipment" to $42,298,7t5 is due to the retirement of
Hackensack <fe Lodi and Susquehanna Connecting bonds through the
several sinking funds. The New York Susquehanna & Western Coal
Company's equipment notes have been paid ofl" to the extent of $17,280, making the balance of that account $.34,560. Equipment Trusts
outstanding have been reduced by the payment of $52,330 to the sum
of $161,350, and $17,280 of the Barge Equipment Notes have been
paid, reducing that account to $34,560. The current liabilities are
taken care of by the current assets.
Of the freight rolling stock 108 cars were equipped with couplers
and 66 with air-brakes during the year. The machine shops have been
concentrated at Stroudsburg. Daring the year 1,210 tons, or 9-65
miles, of new eighty-pound steel rail and 82,039 cross ties were put in
the main line.
THE CHRONICLE.
490
LXIX.
[Vol.
The decrease in miscellaneons earnings is due entirely to a will be worked as a part of the West Virginia Central, under
in the method of keeping the account.
Heretofore a new lease providing for the payment of the interest on its
certain items which were properly credits to operating bonds and 5 p. c. on its stock, the West Virginia Central rechange
expenses have been included in miscellaneous earnings as a
revenue. This practice has been discontinued, which results
in the apparent decrease for the year.
Earnings, Etc. The following statement shows the earnings, charges, etc., for the fiscal year, including leased lines,
—
etc.:]
i
EARNINGS AND EXPENSES.
1897-98.
1898 99.
Harnings—
$2,016,69C
Freight.
Passenger
37 1,059
Mall, express, rents, etc
58,898
Qrossearnings
Expenses—
Maint. of way and struct
Maintenance of equipment
Conducting transportation
General expenses
Taxes
$1,808,434
377,369
143,266
1896-97.
$1,737,820
373,658
154,402
$2,446,653
$2,329,119
$2,265,880
$251,073
221,332
805,531
30,086
55,549
$191,471
163,978
812,699
89,381
49,458
$213,984
$1,363,621
$1,083,132
(55-73%)
28,904
$1,306,986
$1,022,132
$1,331,116
$934,763
(58-75%)
$1,111,936
$1,051,141
$863,475
81,671
$853,678
72.747
Total charges
$94^^,146
$i^31,425
Surplus
$16P,790
$119,716
Total expenses
Net earns, from operation
Batio of exps. to earnings
Interest and dividends
Total net income
Charges—
Interest on bonds
Sinking fund ana miscellaneous
(56-12o/o)
801,122
81,240
52,772
30.
1899.
1898.
West, RR
$37,365,?90 $37,434,960
Securities pledged under mortgages
1 .373,396
1,397,554
Capitalstock subsidiary companies
3,560,000
3,560,000
543,336
543.336
Securities for Midland RR. etock and bonds.
Miscellaneous securities
587,4 66
587,466
78,029
Materials and supplies
64,498
34,560
51,840
N. Y. S. & W. Coal Co. equipment notes
35,862
Sinking funds
35,153
276,382
24,522
Cash on hand ana in transit
122 403
113,468
Cash accounts
10,760
Profit and loss
N. Y. Sus.
revenues and paying
$4 3,967,889
Liabilities
$43,832,493
—
—
Connection with the Chesapeake <& Ohio. A branch line is
construction by the Chesapeake & Ohio from
Caldwell, near the White Sulphur, up the Greenbrier River
to its forks, distance of 96 miles. This will bring it within
about 40 miles of the West Virginia Central, which company
is having surveys made for a line to connect the two systems.
Statistics.
Earnings, expenses and charges have been:
—
1898-9.
1897-8.
1896-7.
1895-6.
160
$
105,514
363,045
331,328
152
102,633
341,776
298,828
152
$
101.557
380,652
261,977
152
$
104,496
355,155
278,774
7.538
89,408
13,798
3,443
31,118
7,126
80,736
13.769
3,402
40,026
6,518
71,545
11,629
3,178
15,737
7.432
83,003
11,679
3,365
12,007
Total earnings
945,192
Expenses
Maintenance of way, etc
138,155
Maintenance of equipment.. 158,992
Transportation.
205,691
Car mileage
21,779
General
40,040
Miscellaneous
3,860
Taxes
29,188
888,296
842,792
855,911
132,691
166,259
197,354
19,690
39.712
3,626
25,066
139,712
132,163
191,761
13,285
40,655
3,633
25,459
128,236
118 694
194,561
11,465
45,366
4,014
28,500
Total expenses
597,708
Netearnings
347,484
P. c. expenses to earnings.. 63-27
584,398
303,898
65-78
546,663
296,124
64-86
530,836
325,075
Miles operated
Earnings—
Passengers
Coal and coke freights
Miscellaneous freights
Express...
Car mileage
Mail service
Telegraph
Miscellitneous
$43,967,8«9
Total
$43,832,493
-V. 67, p. 897, 900.
1898-9.
year ending June 30, 1899.J
President H. G. Davis says in substance:
The business for the year was gratifying. The coal and
coke shipments amounted to over a million and a-balf tons
[7866 per cent of the entire tonnage carried. Ed.], an increase of 11 per cent over the shipments the preceding year.
The tendency to lower rates was not so great, and with the
increase in tonnage came, for the first time in several years,
an increase in revenue. The miscellaneous freight, consisting principally of lumber, increased 50,000 tons, or 12 per
cent. The entire tonnage of the road for the year, expressed
in short tons, was 2.113,218, a gain of nearly 12 per cent.
Road and Equipment.— A^ to these the report says:
There have been expended during the year for improvements and
betterments, and charged to construction, $17,179; also 100 coal and
coke cars. have been built and one engine purchased and the cost ($52,501) charged to equipment account. Iq addition 97 cars were built at
cost ol $39,S24, and chargedto operating expenses. The policy of
a,
replacing the small iron cars with modern woi den coal cars, charging
the cost to operating expenses, has been continued, until the company
now has but 48 of them in Its equipment. A few months more and
they will all be replaced by standard oars. There never have been
any car trusts on the company's equipment.
The company now has 36 engines and 2,141 freight cars. I 8
revenue from mileage, or the use of these cars on other roads, was
nearly $90,000, an increase of $8,671. While the company owns more
oars than last year, their maiutenance cost less, owing to the fact that
a large proportion had been equipped with automatic couplers and
air-brakes. Of the entire equipment 93-8 per cent have automatic
couplers and 41-3 per cent have air-brakes.
The road is now laid with 70-lb. rails continuously from near Piedmont to Hendricks, a distance of 60 miles, and there are about 5 miles
Twelve miles of 85-lb. rails were
of 70-lb. rails from Moore soutb.
laid during the year on the Piedmont & Cumberland road from Cumberland south. Eleven miles more of these rails harebeen purchased
and are being laid. When down the 85-lb. rail will extend from Cumfiscal
berland to Keyser.
—There were sold during the year $150,000 bonds to
build the extension from Beverly to Huttonsville- a distance
of 11 miles— to build cars, purchase engines, etc.
Piedmont & Cumtetland Ry. Neiv Lease. The company
for several years has operated the Piedmont & Cumberland
Ry. under lease for 63 per cent of its gross earnings. The
accounts, however, have been kept separate. Hereafter it
—
—
6202
1895-6
$
215,890
pr. 5.159 pr. 10,633
77,666
102,607
1897-8.
1896-7.
$
$
Net eatns.ofW.Va. C.&P.. 274,209
221,^89
Pied. &Cum. RR. result.. loss 24,981 loss 15.41.'>
Profits mining coal
70,881
78,457
Total
284,631
274,028
529,139
193,625
180,000
65,000
6,102
183.000
27,500
5,i88
180,000
82,500
£2,253
..254,727
65,382
215,688
63,943
235,000
39,028
284.753
44,386
5.-^,000
Total
Surplus
$
191,204
320,109
Deduct —
Interest on bonds
Dividends
CONDENSBt) BALA>CE SHEET JULY
1899.
1897.
$
$
5,968,965
2,692,163
1,378,302
40,154
116,744
121,072
115,630
117,233
56,873
147,734
5,968,965
2,673,730
1,293,571
48,503
108,366
75,318
ICO.OOO
10,601,193
10,405,885
10,328,453
5,500,000
500,000
3,250,000
97,300
135,000
172,220
5,500,000
94tj,678
5,500,000
500,000
3,100,000
93,335
167,792
163,463
881,295
500,000
3,000,000
90,485
283,820
141,796
812,352
10,601,198
10,405,885
10,328,458
'
Mine construction
Materials, supplies, etc
Due by RR. oompa's, agents, etc.
Cash
1.
1898.
Assets.
$
estate, embracing 37,651
acres of coal, iron ore, timber,
land and mineral rights
.'=,968,965
RR. const., 2d track, buUd'gs, etc. 2,807,830
Equipment, etc
1,430,803
Real
Total
West Yirgtnia Central & Pittsburg Railway.
(Report for the
$
INCOME account.
Miscellaneous
Stock (See Investors' Supplement)
$26,000,000 $26,000,000
Bonded debt (See Investors' Supplement). 16,357,00
16,449,000
543,337
543,337
Stocks and bonds called
42,668
42,663
Real estate mortgage
lb] ,350
Equipment trusts
213,680
34,560
Barge equipment notes
51,840
StnkLng funds accrued
53,341
59,17159,413
Interest and rentals accrued not due
160,738
119,338
Interest and rentals
115,388
50,9'75
Pay-rolls
58,?93
103,509
Audited vouchers and accounts
136.304
Due connecting lines
58,719
9,335
2.295
Due subsidiary companies
10ii,676
Reserve funds, maintenance
166,7!:8
Profltand loss
expenses, including
all its
now under
&
Total
Bonds.
all its
taxes, etc.
—
29,009
CONDENSED BALANCE SHEET JUXE
Assets—
181,9.^8
ceiving
44,M5
Liabilities.
Stock outstanding
Stock in treasury
mortgage bonds
Coupons payable July
First
Bills
payable
June
pay-rolls, etc
and loss
Profit
Total
-V.
1
,
69, p. 386.
Rio Grande Southern RR. Co.
(Report for the fiscal year endinj June 30,
1899. J
Piesident E. T. Jeflfery, under date of Aug. 7, says:
The net from traftic and interest received afforded a surplus of $24,5»4, after providing for interest on funded debt, taxes, insurance and
all other charges against income. As our bonds bore interest at the
rate of 4 per cent per annum from Jan. 1, 1898, the full amount,
$180,400, was charged during the fiscal year against $157,850 in the
preceding year. The property has therefore .vielded its maximum
interest charges and a small surplus. During the year 93,218 crossties were used, being 15,618 more than in the preceding year, and
15,721 additional ties were received and paid for. The strika of the
Smelters' Union materiallv decreased the revenues of the company
for the last month of the fiscal year. If the smelters resume at an
early date, an increased revenue may be looked for during the closing
months of 1899. [The strike was declared off on Aug. 14. Ed.]
The earnings and expenses, and the charges, and the balance sheet for several years, were as follows:
Earnings—
earnings AND EXPENSES.
1898-9. 1897
$
$
Total expenses
Netearnings
Percentof operations
to earns...
1895-6.
$
326,124 292,383
35,706
74,054
34,802
$
377,332
74,283
37,619
489,326 427,264
401,239
489,234
76,906
5,305
25,450
126,913
19,453
73,672
5,688
22,596
108,671
19,007
73,526
6,739
18,483
110,612
20,429
83,226
10,738
23,510
117,470
20,064
254,029
235,296
229,634 229,789
197,630 171,449
255,008
234,226
Freight
370,066
Passenger
77,464
Express, mails, mis. and rents.... 41,794
Total earnings
Expenses —
Maiutenance of way
Maintenance of structures
Maintenance of equipment
Conducting transportation
General expenses,
1896-7.
8.
5191
6.'=>,434
5375
57-27
5212
September
THE CHRONICLE.
3, 1899.J
INCOME ACCOUNT.
NeteamiDKS
Interest received
Total net income
1898-9.
1897-8.
1896-7.
1895-6.
^
235,296
1,940
$
197,630
2,642
s
171,449
__2,989
$
234,226
237,236
200,272
174,438
235,602
31,059
180,400
33,197
157,850
33,980
135,300
1,183
1,637
^,6S7
31,594
135,300
212,642
192,684
170,967
7,588
3,471
_1.376
Xj€SS-—
Taxes
Interest
onYunded debt
Insurance
Total
Sur. to credit of profit
and
loss 24,594
BALANCE SHEET JUNE
Assets
—
Boad and equipment
Materials and supplies.-..
Agents and fonduotors...
Miscellaneous
Cash
30.
1^98.
1897.
1896.
$
$
$
$
9,020,000 9,020,000 9,020.000
51,708
40,339
29,550
10.872
9,766
8,481
248,720
6,858
5,585
121,398
133,217
175,320
9,020,000
52,737
13,985
440.700
97,875
9,452,699
13,578
14,681
16,979
90,200
4,478
43,227
4,510,000
4,510,0C0
25,443
14,530
6,374
13,993
22,159
90,200
3,507
13,974
4,510,000 4,510,000
4,510,000 4,510,000
13,185
13,084
17,269
15,256
6.538
3,276
12,723
3,469
31,f94
35,972
67,650
67,650
385,056
194,206
83,798
87,268
9,238,936
9,210,180
9,452,699
Foreign roads
Equipment renewal fund..
Accrued taxes
Acc'dint. on 1st M. bonds..
Miscellaneou."
Bal.tocred.ofproflt&lOfiS.
9,625,297
9,t25,297
_
GENERAL INVESTMENT NEWS.
At the request
of
many
subscribers
we change
the ar-
Hereafter it will
rangement of oar Investment News.
Under
departments.
classes
or
into
two
be divided
everything
group
*' Railroads, including Street Roads" we
relating to the railroads, whether steam roads, street rail-
Under "Industrial, Q-as and
give the news regarding all other com-
ways or traction companies.
Miscellaneous"
we
Collins Pars «fc Belt RR.— Atlanta Railway & Power.—
Franchise.— The Crty Council of Atlanta on Aug. 21 adopted
the general ordinance granting a franchise to the Collins
Park Road. An amendment provides that in case of any
combination or consolidation with any existing line, both
roads shall be required thereafter to pay 5 per cent of their
gross receipts to The city. Otherwise, a preamble to the ordinance provides that the city is to collect a reasonable percentage, not to exceed 5 per cent per annum, of the gross receipts of all the street railway companies in compensation
for the use " of the streets from and after the expiration of
the grants made to or for the use of the Atlanta Consolidated
Street Railway Co., approved May 20, 1891, i. e., within 20
years "
9,210,180
—
Total liabilities
67, p. 425.
168,896
6e,706
1899.
9^8,936
Total assets
Liabiities
4,510,000
Capital stock
First mort. gold bonds.... 4,510.000
21,.'=93
Vouchers...:
14,250
Pay-rolls
—V.
2,002
491
H. M. Atkinson, of the Collins Park Road, says the comwill begin construction as
The Mayor has signed the
pany will accept the grants and
sojn as materials can be secured.
ordinance.
Injunction Continued,— In the suit of the State of Georgia
against the Trust Company of Qeorgia, et al., to prevent the
proposed transfer of Atlanta Railway to the Atlanta Railway & Power Company, Judge Chandler has postponed the
trial of the case until the third Monday in October, and has
signed a new order restraining the union of the two proper
—V. 69, p. 77.
ColamMa (S. C.)
ties.
—
Electric Railway & Power Co.— Sold.
This property, on which Baltimore capitalists obtained an
option two months ago, has been sold to W. B. Smith
Whaley, one of the purchasers of the Columbia Canal, and
Columbia associates, for a sum stated to be |357,500, the
same amount offered by the Baltimore syndicate. The new
company was to take possession on Sept. 1.— V. 68, p. 1180.
Columbus Sandusky & Hocking RR. New Notice to Bond— The Master having continued until Oct. 3, 1899,
the hearing for proving up bonds and other claims in New
holders.
York City, notice is given that all general mortgage bonds
will be proved up with claim of priority to other liens, if deposited on or before Oct. 2, 1899, with the North American
Trust Co.— V. 69, p. 439.
Columbus (0.) Street Ry.— Columbus By.— To Authorize
Sale.— The stockholders of the Columbus Street Railway Co.
and
will vote Sept. 26 upon a proposition to sell all of said company's railroads, franchises, lease-holds, etc., to the Columbus Railway Co.— V. 69, p. 439.
RAILROADS, INCLUDING STREET ROADS.
Atlantic & Danville Ry.— Southern By.— Leased.— The
Dayton (0.) Union Railway. Mortgage.— Thia company,
organized to erect a new central passenger station in Dayton, has filed a noortgage for $500,000 to the Farmer's Loan
Trust Co. as trustee.
panies of whatever kind
—gas, electric
light, industrial
miscellaneous.
stockholders of the Southern Railway Co. on Thursday
ratified the proposed lease of the Atlantic & Danvihe Ry., to
take effect Sept. 1. The lease runs from July 1 for 50 years
at a rental suflBcient to meet the interest on the bonds and
gives the preferred stock 2 per cent for tbree years, 3 per cent
for next two years, 4 per cent for next five years and thereafter 5 per cent. There are outstanding $1,238,000 five per
cent bonds. The preferred stock is $3,200,000. The road
runs from Norfolk to Danville, Va., 205 miles, and branches
73 miles.—V. 68, p. 184; V. 69, p. 381, 386, 389.
&
Iowa Central Railway.—
Negotiations,
— Vice-President
George R. Morse denies that the Chicago Milwaukee & St.
Paul is negotiating for the purchase of the property, but
admits that one or two other roads are considering its acquiThe Rock Island and the Burlington are reported to
sition.
be among the would-be purchasers — V. 69, p. 382, 384.
Kansas City Pittsburg & Gfulf UR.—Thalmann Plan
The Two Plans Compared. The so-called New York ComBaltimore & Ohio RR. Neiv Treasurer.— J. V. McNeal, mittee, consisting of Ernst Thalmann, Chairman; Louis FitzAssistant Treasurer, has been appointed Treasurer vice W. gerald, E. H Harriman, J, Lowber Welsh, James Stillman,
George Coppell, W. L. Bull and W. E. Glyn, with Alvin W.
H. Ijams, resigned.— V. 69, p. 439.
Birmingham Traction Co.— Mortgage. The company has Krech as Secretary, 120 Broadway, has adopted a readjustmade a mortgage to the City Trust Co. of New Ycrk, as ment plan, the salient features of which are as follows
"The committee deems it unwise at present to provide for
V. €4, p. 843.
trustee, to secure an issue of §5(0,000 of bonds.
the inclusion of the Suburban Belt Railroad properties,
Brooklyn Rapid Transit. Ko Increase of Bridge Tells.
basing its opinion upon the statement of its experts that
Bridge Commissioner Shea has relinquished his attempt to terminal facilities at Kansas City can be had at a greatly recompel the trolley companies to double the toll of five cents duced cost per annum and upon the fact that the demands of
He forced the the holders of its securities are such as wculd impose upon
for each car crossing the Brooklyn Bridge.
elevated lines to pay an increased toll, but is advised that it the new company fixed charges which its earnings would not
is questionable whether the ten-year agreement made with warrant.
The Port Arthur Channel & Dock Co., which is
the trolley companies by his predecessors in office ia 1897 also set aside for future consideration, has at present virtually
could be set aside. The terms of the agreement were given no earnin.'^s, although it has already issued bonds to the exat some length in the Chronicle April 24, 1897, page 798.
tent of $1,635,000, and its works are still far from comple-
—
—
—
:
—
Damage
Suits,
—
— President Clinton L. Rossiter in reply to a
Lamb &
tion."
Voss asking, in behalf of F. F. Marquand,
The new securities to be issued by the reorganized coma stockholder, for permission to examine the books of the pany under the Thalmann plan compare as follows with the
company with a view of ascertaining the amount of judg- securities proposed by the Harrity plan, described in the
ments, and of negligence suits now pending against the Chronicle of August 19 and August 26, pages 384 and 440
company, writes as follows:
Thalmann Plan. Harrity Plan.
There are no iudgments of any kind outstanding against the Brook$15,000,000
lyn Rapid Transit Co. The judgments outstanding against the Brook- Prior lien 50-year gold 48
letter of
:
lyn Heights RR. Co., which is the operating company, on June 30
1899, -were $56,792, which was $130,906 less than the amount outstanding on the corresponding date of the previous year. Appeali are
pending from all of these judgments, and inasmuch as the policy of
the company has been to appeal only those case* where success seeme
probable, the expectation is that most of these judgments will be reTcrsed. During the past year more than three- fourths of all the judgments appealea from were reversed. All judgments and actions are a
matter of public record, and can easily he found bv an inspection of
the records of the County Clerk's office. -V. 69, p. 4b'9, 450.
Of whicli to present bondholders
11,500,000
For sale
3,000,000
In treasury of the company
500,000
First mortgage 50-year gold 4s
$30,000,000
Of whi ch to present bondholders
18,000.000
For sale
3,000,000
For future requirements
9,000,000
Adjustment (income) mort. 4 p. c. gold.
interest non cumulative until 1905. 15,000,000
To present bondholders
11.500,OjO
To stooli holders
1,725,000
Brooklyn Rapid Transit.— Kings County Electric Light
To syndicate
750,000
Contract for Electric Motive Power on Elevated
For future requirements
1,025,000
Lines. — The power house of the Kings County Electric Light Preferred stock 4 p. o non-cumulative. $20,000,000 20,000,000
& Power Co, it is stated, is nearly completed, and a contract To present bondholdtrs
9,600,000
6,900,000
2,400,000
To stockholders
1,725,000
has been made by which the Kings County Company is to
For acquisition of stock of K. C. Subprovide the motive power for all the elevated trains of the
3, 562, .500
urban Belt RR
Rapid Transit system.— V. 69, p. 439, 450, 177.
4,437,500
11,375,000
In treasury of the company
25,000,000 30.000,000
Central of Georgia Rj. Tux) Per Cent on First Income Gammon stock
23,OjO,000
24,000,000
To present stockholders
Bonds. — The company has declared a dividend of 2 per cent
For acquisition of stock of K. C. Subon the first income bonds, the same rate as declared last
1,187.500
urban Belt RR
2,000,000
4,812,500
year.- V. 68, p. 722.
In treasury of the company
& Power.
,
,
THE CHRONICLE.
492
The rates of exchange of the old for new secnrities will be:
1st M. bonds K. C. p. .t GULF RR. (FOR EACH $1,000 ^)F rRIXCIPAL).
Thalmixnn
—
Will receive
First mort. (in Tlialmanu plan prior lien) 48
Plan.
$500
500
300
25
$750
Adjustment mortgage 48
Preferred stock
Cash for April, 1899, coupon
If
CAPITAL STOCK OF K.
paying assessment
Will receive
C.
—
Harrity
Plan.
400
25
PITTSBURG & GULF RE. (FOB EACH $100).
$10
$15
Adiustment mortgage 48
.
Preferred stock
Common stock
7 50
7 50
10
100
The cash resources provided
100
[Vol. LXIX.
nance was published in an extra edition of a local paper a
few hours before midnight preceding the day when the new
code went into effect forbidding the issuance of franchises
except by vote of the people. The decision declares that the
paper was a morning issue and since not delivered to regular
subscribers did not meet the legal requirements. The reason
given for extending the franchise was that the company desired to make extensive improvements which would require
the issue of large amounts of bonds, and that these could not
be sold unless the franchise had a considerable period to run.
It is
understood that the company will carry the case to the
Supreme Court.— V.
65, p. 236.
Oregon RR.
Navigation Co.— Exchange of Stock.— See
item headed Union Pacific RK. below.— V. 69, p. 382, 385.
are:
<fc
Sale of $3,000,000 prior lien 4s at par (with
$750,000 adjustment 4s as bonus),
$3,000,000
Ist mortgage 4s at 85
$3,000,0
From stockholders
3,450,000
Total cash contribution
$6,4£ 0,000
$2,550,000
2,400,000
$t,95O,O0O
These payments in both cases have been guaranteed or
underwritten by a syndicate.
Interest Charges and Earnings. The Thalmann Committee
say that they are convinced that the Philadelphia (Harrity)
plan is too wide in its scope, and that it proposes to impose
upon the K. C. P. & G. property charges which it cannot
earn. The tixed interest charge under the Thalmann plan is
|5bO,000 income interest, payable only if earned, $559,000.
The fixed interest charge under the Harrity plan on account of
the Kansas City Pittsburg & Gulf proper is |840,000 and
on account of tbe terminal properties proposed to be included §294,250, making a total of $1,134,250. The earnings
of the entire system are difficult to determine, but regarding
the Kansas City, Pittsburg & Gulf RR, proper the Thalmann
—
Oregon Short Line RR.—Payment on Income "A" Bonds.
-^Coupons No. 3, due Sept. 1, 1899, from the above-mentioned bonds will be paid at maturity (at the rate of 5 per
cent) at the Old Colony Trust Co., Boston, or at the Guaranty Trust Co., New York.
Exchanpe of Bonis. Sae item headed Union Pacific RR ,
below.—V. 69, p. 334.
—
—
Peoria & Eastern Ry. Decision. Judge Lacombe, in the
United States Circuit Court, has handed down an opinion
dismissing the bill of complaint filed by the company against
the reorganization committee of the Ohio Indiana & "Western
RR., the predecessor company, asking for the delivery by
the committee of "certain cash, stock of another road, and
certain stock and bonds of the complainant
[other than
the §1,500,000 consols reserved against the underlying bonds]
that were pledged as a provision for the premium which
might be necessary in effecting the exchange of the $1,000,000
first consols of the Peoria & Eastern for the Indiana BloomCommittee publishes the following
ington & Western Railway 7i. These latter bonds ($1,000,EARNINGS OF THE KAN. CITY P. & GULF RR. PROPER.
000 in amount) fall due Jao. 1, 1900, and are either to be
paid in cash or extended to Jan. 1, 1940, at 4 per cent.
For the year ending June 30. ISgS—
The earnings claimed by the company as heing
$684,834 This trust. Judge Lacombe says, will not be carried out until
Have been reported by Price, Waterhouse & Co to amount
489,223 the last of these $1,000,000 underlying bonds has been exto
changed or extinguished by payment; consequently he deFor the nine months ending April /, iSgg —
674,334 clines to require the committee to make delivery as asked.
The company's stated net earnings of.
V. 67, p. 530.
Have been reported by Price, Waterhouse & Co., to amount
432.671
to
Piedmont & Cumberland Ry. Neto Lease.— The new lease
The Philadelphia plan predicates, an earning capacity per is mentioned ia the report of the West Virginia Central &
annum of $1,500,000 for the K. C, P. & G. RR. Co., because Pittsburg Ry. on pa^e 490 of to-day's Chronicle.
the Receivers' net earnings for May were $110,431. This
Pittsburg Shawmut & Northern RR. A circular says:
Committee say is misleading,
predication the Thalmann
This company has been formed by the consolidation and merger of
particularly for the following reasons.
the followiug railroad companies: The Mill Creek Valley RR. Co.,
This co-called month of May included three days of April.
I.
Buffalo 8t. Mary's & South Western RR. Co., Mt. Jewetl Clermont <fc
II. The payment of numerous charges accruing prior to a receiverNorthern RR. Co., Smethport
Clean RR. Co., Central New York &
ship is deferred pending examination and adjustment by the Re- Western RR. Co. and
Central New York & Northern RR. Co., and has
ceivers, and thereiore the returns during this period are not (as a lest
taken possession of the railroads and properties of the several conof future earning capacity) net.
stituent companies. The officers are: John Byrne, President; Henry
in. Net results for June were only $63,000.
;
"'
:
,
—
<fe
Estimated net results for July were $58,000.
The car trusts, it is claimed, amounted on Aug. 24, 1899,
to $3,246,636, as against $1,800,000 heretofore reported. The
Receivers, in their application to the United States Court,
asked for permission to expend on the property $3,175,809.
These figures, it is stated, do not include existing car trusts,
"nor the $3,000,000 additional equipment which will be required to handle the traffic anticipated."
IV.
— Holders of bonds and
stock of the Kansas City
Gulf RR. Co. who have not already deposited
their securities with the Thalmann Committee are invited to
deposit them with the Mercantile Trust Co. of New York on
or before Oct. 1. 1899. Holders of certificates of deposit of
Deposits.
Pittsburg
&
who may not agree to the plan
their securities upon the terms stated therein
on or after Sept. 15, 1899, and until Sept. 30, 1899, after
which latter date those not dissenting will be bound lay the
the Mercantile Trust Co.
may withdraw
readjustment agreement.
—V. 69, p. 440.
Metropolitan (N. Y. C.) Street 'Railnaj.— Quarterly.
Earnings for the quarter ending Jane 30 were:
3 mos. end.
JuneZO—
1899
1898
The
Oross
earnings.
Net
Other
earnings
income.
$1,900,275 $77,7< 8
1,502,746
99,358
$3,665,946
3,131,405
earnings for the year ending
Interest,
taxes, etc.
—
—V.
—
Railways Company General. Incorporated. This company was incorporated at Trenton, N. J., on Aug. 25, with
power to operate street railway, gas, and electric-light plants,
and also water works. Authorized capital stock, $10,000,000,
all common; present isstie, $1,500,000; par valu3 of shares, '55,all reported largely over-subscribed at its face value.
The
—
company has options on several street railway companies in
Eastern Pennsylvania, and two electric-light plants. Dick
Bros. & Co. and Charles D. Barney & Co. received subscriptions to the stock.
Rio Grande Western Ry.—Stock Dividend.
have declared a dividend of
surplus.
69, p. 334.
—The
directors
per cent, payable Sspt. 30, in
preferred stock of the company at par, to the common stockholders of record of Sept. 15, at four p.m. The first dividend
on the common stock, 3 per cent in preferred stock at par,
was paid Sept. 28, 1898.— V. 69, p. 284.
Balance,
$1,125,657 $852,386
1,101,280
500,824
June 30 are given on a
preceding page under " Annual Reports."
Marquand, Vice-President; Frank S. Smith. Vice-President and General Counsel; Harr 7 M. Gough, Treasurer; Lewis F. Wilson, Secretary
B. E. Cartwright, General Manager.
Until further notice the general office of the company will
be at No. 160 Broadway, New York City.— V. 69, p. 386.
Sanford (Me.)
1
& Cape Porpoise
Electric
— The road was opened between
Ry.— Road
in
Sanford & Kennebunk, 14 miles, Aug. 19. It is expected to complete the
line to Cape Porpoise, six miles further, about Sept. 5.
V.
Operation.
—
68, p. 332.
Newark (0.)& Granville Electric Street 'RR.—Sold.—
Staten Island Rapid Transit Ry. Mortgage Authorized.
At the foreclosure sale on August 26 the property was pur- — The New York State Railroad Commission has granted the
chased by the mortgage trustee, the Equitable Trust Com- company permission to issue the second mortgage for $2,500,pany of Chicago, the only bidder, for $160,400, and $603 000 proposed by the plan of reorganization. The new bonds
additional for a
lot.
— V. 64, p.
755.
will be 4 per cents, guaranteed as tojinterest
by the Baltimore
New York Central & Hurtson River UR.— Meeting to Act & Ohio RR., that company also agreeing to purchase the
on Lease.— A circular to the stockholders regarding the spec- bond itself at the end of five years, and in the meantime
ial meeting to be neld on Sept. 27 to act upon the proposed having the right to purchase the same at par and interest at
any time on six months' notice. The new 43 are exchangelease of the Boston & Albany, says:
"The Boston & Albany line has been for many years, and now is, this able $ for $ for the $2,500,000 second mortgage 5s of 1886, but
company's principal connection to Boston and its main inlet Into New in case of reorganization it was provided that the holders of
England. The long-existing relations continue unchanged, but it has the 5s should have the option for two weeks to take the new
been considered desirable to make them substantially permanent. securities thereby provided in lieu of cash.— V". 69, p. 383, 336
The lease is for 999 years from July 1, 1900. Under it this company
guarantees 8 per cent on $25,000,(00 capital stock."
Union Elevated RR. of Cliicago.— i^tvicfend.- The direcThe Central's annual report for 1898-99 is given on pages tors on Thursday declared a dividend of $4 per share, pay495 to 499 of to-day'd Chronicle.—V. 69, p. 282.
able September 1, to stock of record Aug. 25.— V. 63, p. 279,
Council Blnflfd Ry. & Bridge Co.— Franchise
Held Invalid.— At Council Bluffs, Iowa, Aug. 17, the ordinance passed by the City Council Sept. 3 J, 1897, extending
the franchise, which would otherwise expire in 1912, till October 1947, was declared void by the District Court. The ordi-
Omaha &
284.
Union Paciflc RR.— Oregon RR. & Navigation Co.—
Oregon Short LineRR. Dividend Increased. The directors
of the Union Pacific RR. on Tuesday declared a semi-annual
—
dividend of 2 per cent on the preferred stock, payable Oct.
2.
September
2,
THE CHRONICLE
1899.]
493
The two precediDg dividends (paid Oct. 31, 1898, and Apr. the WintoD and other gasoline and kerosene motor companies
19, 1899,) were 1% per cent each, so that the rate ia now into a $10,000,000 corporation.
advanced from a 3- to a 4-per-cent basis.
American Bicycle Co. Officers.— At a meeting held at the
Increase of Stock. The stockholders of the Union Pacific company's office, 132 Nassau Street, this city, on Thursday
RR. will vote Oct. 9 upon a proposed amendment of the com- last, the organization of the company was completed by the
pany's articles of association, increasing the preferred cap- election of the following cfficers and directors
ital stock from §75,000,000 to $100,000,000 and the common
Oflicers.— Albert G. Spalding, President Col. George Pope, First Vicecapital stock by the amount of $7,718,600, viz., from $88,- President; J. E. Bromley, Second Vice-President; A. L. Garford,
460,100 to $96,178,700. The additional preferred will be used Treasurer C. W. Dlckerson, Secretary.
Dliectors.— Albert G. Spalding, Seabright, N. J.; Col. Albert A. Pope,
to retire about $14,000,000 Oregon Short Line " B" bonds and
Boston; A. Featherstone, Chicago R. L. Coleman, New York; J. W.
$11,000,000 Oregon Railroad & Navigation preferred stock. Riser, Chicago; E. C. Stearns, Syracuse; R. 8. Crawford, Hagerstown,
The new common will be exchanged, share for share, for the Md.; Charles L. Ames, Chicago; R. Phillip GormuUy, Chicago; Harry
$7,718,600 of the ($24,000,000) common stock of the Oregon A. Lozier, Sr., Cleveland.
The capitalization remains as stated in The Chromcle of
Navigation Company not already owned by the Oregon Short
Line RR. Co. The Oregon Short Line " A " bonds ($7,185,- July 22 last, p. 177, viz,: $10,000,000 5 percent twenty-year
000) will be taken up with Union Pacific 4s now in the debenture bonds, $10,000,000 7 per cent cumulative preferred
treasury. While it is expected that the exchanges will be made and $20,000,(00 common stock. The list of properties in|
—
:
;
;
;
on the basis above mentioned, with the adjustment in each
case of interest accrued, the directors of the Union Pacific
have not yet formally decided upon all the details.
In these ways the Union Pacific will provide for the retirement of all the capital stock of the Oregon RR. & Navigation Co. and of all the income bonds of the Oregon Short
Line RR. Co. THe last-named company's capital stock
($27,460,100) is nearly all owned by the Union Pacific RR.
Co., having been exchanged for the common stock of that
company and 3 per cent in cash early this year. The portion
Navigation Co. owned by
of the stock of the Oregon RR.
the Oregon Short Line is pledged to secure that company's
"B" bonds, and the control thereof will pass with the acquisition of those bonds to the hands of the Union Pacific,
afliording it control of the entire, or practically the entire,
The Union
issue of the Navigation Company's stock.
Pacific RR. Co, will therefore own much more fully than
did its predecessor the entire line from Kansas City and
Omaha to Portland, Ore.
The Northern Pacific Railway Co., it is understood, some
time ago disposed of its holdings of Oregon Railroad & Navigation Co. preferred stock to the Union Pacific interests.
Sate of Old Company's Securities. Adrian H. Muller
Son sold at auction on Wednesday, under order of the Circuit Court of Nebraska, in the bankruptcy proceedings
against the old Union Pacific Railway Co., a miscellaneous
The prices brought by the
lot of securities and properties.
principal lots were:
$63,000 Leavenworth Depot & RR. Co. first mortgage 5 per cent
&
—
&
bonds. $?0.400.
$50,000 Northern Pacific Terminal Co. 6 per cent bonds, subject to
certain terms, $45,000.
$145,000 Union Paoiflo Railway Co. Omaha Bridge renewal 5 per
ceut bonds. Reorganization Committee oertifica'e. $181,250.
Claim for $83,b69 against The Missouri Pacific Railway Co., $41,831.
Claim tor $27,361 against the Omaha Belt Railway Co., $13,680.
Spokane Union Depot property at Spokane, Wash., acquired in 1899
at foreclosure sale, and $473,000 in bonds of the Union Depot Co. of
Spokane Falls, stamped to show >>alance due. after foreclosure payment and a certain claim for $20,792 against the Union Depot Co.,
$250,000.— V. 69, p. 334, 382, 385.
United Railways & Electric Co. of Baltimore.— Bonds
Being Issued. The company's bonds are being exchanged for
the temporary certificates at the office of the Continental
Trust Co. in Baltimore.—V. 68, p. 1228.
—
Washington & Franklin RR.— Western Maryland RR.—
Mortgage.— The Washington & Franklin RR. Co. (Altenwald
Cut Off of the Western Maryland RR.), has made a mortgage
to the Reading Trust Co. as trustee, covering all of the 14
miles of road, etc., to secure an issue of $325,000 of 5 per
cent gold bonds.— V. 68, p. 279.
West Virginia Central & Pittsburg Ry.— Davis Coal &
Coke Co. Amendment to Charter. Consotidation.—As
stated recently, plans for uniting these companies are understood to be in preparation. The report of the railway
company for the year 1898 99 now issued contains no intimation of any such contemplated move, except, perhaps, that to
be found in the amendment to the company's charter, which
is given, following the charter itself on page 30 of the report.
The amendment was approved Feb. 22, 1899, and provides
that the "West Virginia Central & Pittsburg Railway Co."
shall have all the power, rights and franchises necessary and
—
cluded in the consolidation just given out is also unchanged,
except that the Eagle Birycle Manufacturing Co. mentioned
in our former item (p. 178) seems to have been omitted.
All
of the $10,000,000 preferred stock and the $20,000,000 common
stock, it is stated, has been taken by the manufacturers composing the company, and they have subscribed for the greater
part of the $10,000,000 5 per cent bonds, the rest of which
are for sale, it is understood, at 101. V. 69, p. 286.
—
American Cement Co.
—
&
E. B. Smith
Co.,
of Philadelphia, having arranged to purchase this property,
have received subscriptions to the capital stock of the new
concern that will own and operate the same. The latter
will issue $1,000,000 first mortgage 5s and $2,100,0C0 stock,
the shares being of $10 each full paid. The property, it is
stated, includes six mills, 2,000 acres of cement-rock land,
selling agencies, patent rights, etc.
It has been in operation for 15 years, and is reported to be producing over 900,000
barrels of cement per annum. The net earnings for 1898
over all charges were $325,747 (to be verified by the Audit
Co.); the estimated net earnings for 1899 are $350,000.
The annual interest will be $50,000, sinking fund $30,000,
total $80,000, leaving an estimated balance applicable to
dividends of $270,000. Robert Leslie, the General Manager
of the old company, will be the President.
The old company
Subscriptions.
was a Pennsylvania corporation.
The new company, which
own
the stock of the old, has been organized under the
laws of New Jersey. The stock of the company has all been
subscribed for at par, and will be issued next week. The
producing capacity of the plant on completion of the new
mill, which will be put in operation in a few weeks, will be
increased to 1,200,000 barrels per annum. The company
owns in addition to its mills in Pennsylvania and New York,
a large cement property in another State, and selling
agencies, wharves, etc., in New York, Philadelphia, Boston
and Baltimore.
will
American Hide & Leather Co. Articles of Incorporation
Xruended. Amended articles of incorporation were filed in
New Jersey this week, changing the authorized capital stock
to $17,500,000 common and $17,500,000 preferred, the latter
being 7 per cent cumulative. There will also be an issue of
$10,000,000 twenty-year gold 6i, of which the present issue
will be $9,000,000.
The company controls, we are informed,
about 75 per cent of the upper leather output of the country,
and has acquired nearly all the concerns mentioned in the
Chronicle of May 13, page 925 (excepting Webster
Co.
and R. Snhm Leather Co ), and negotiations are pending for
—
&
others,—V,
p 335.
American Iron & Steel Co.- On Philadelphia Unlisted.
The Philadelphia Stock Exchange has admitted to dealings
in the ui listed department 34,000 shares of common stock,
69,
—
INDUSTRIAL, GAS AND MISCELLANEOUS.
Aniericau Automobile Co.— iVew Enterpjise. — W. Myron
par $50. $5 paid: also 60.000 shares of preferred stock, par $50,
full paid; registered with the Provident Life & Trust Co.
On Aug. 30 notice was filed at Harrisbur? of an increase in
the capitalization from $1,000 to $20,000,100,— V. 69, p. 441.
American Linseed— National Linseed Oil.—Final Settlement.— The stockholders of the National Linseed Oil Co. are
notified that upon payment on or before Oct. 1 at the Central Trust Co. of a cash assessment of $2 50 per share of old
stock, they will receive their proportionate allotment of the
15,OC0 shares of American Linseed preferred and common
set aside.
Stockholders who fail to pay in the $2 50 per share
by that date will have their allotment of new stock sold in
the open market and will receive the balance above the $2 50
per share of old stock. On the basis of current quotations
for the new stock there will be about $3 per share for the old
stock above the $2 50 assessment. It seems that it has been
necessary to borrow $350,000 in order to discharge the obligations of the old company, these having proved larger than
was expected, and the assessment is required to discharge
the loan. The American Linseed Co. has made a trade arrangement with tha National Lead Co., and there are rumors
of a plan for the consolidation of the two concerns. V. 69,
p. 335; V. 67, p. 1055.
American Steel & Wire Co.— Listed.— The New York
Stock Exchange has admitted to the regular list the company's $40,000,000 preferred and $50,000,000 common stock.—
Reynolds, of 35 Nassau St., is promoting this company, which
claims to be the original concern of the name. The authorized capital stock is $500,000 (of which $300,000 in treasury),
all in shares of $1U0 each.
The company claims to have
about 1,500 automobiles under construction. M. H. Crampton
This enterprise has nothing to do with the prois President.
ject of ex- Mayor Magowan, of Trenton, for consolidating
of Chicago, President of the American Switch Co., now in
process of organization, says, in regard to the statement that
the Ajax Forge Co. is not included la the consolidation, that
the organizers of the American Switch Co. have a written
option on the AJ2X Forge Co., but that the formal transfer
proper for the following purposes:
The mining of coal, the building of manufactories, saw-mills or furnaces, the burning of brick, the manufacturing of lumber and the
buying and disposing of the same, together with the right to buy and
sell real estate, and to own the capital stock of connecting lines of
railways in the State of West Virginia or in other States, and the
capital stock of other corporations.
The Davis Coal & Coke Co, is the largest shipper on the
West Virginia Central. Its coal is mined from five different
veins in the same hill at Hampshire, near Piedmont, West
Va., and is loaded from the same tipples. These five seams
aggregate thirty-two feet. S. B. Elkins, Vice-President of
the railway company, is President of the coal company. V.
—
69, p. 386.
—
V. 69, p. 386.
American Switch Qo.—Ajax Forge Co.— A. H. Milliken
THE CHRONICLE
494
of the property cannot be made until President Grif&n of the
Ajax Co. returns from Europe about a month hence. Our
statement of last week was based on the followins letter publiehed in the "Railroad Gazette" of August 18, page 577:
Ajax Fokge Co., Chicago, Aug. 12, 1899.
To llie Editor of the "Railroad Qazetle:"
In youriesueof Aug. 4, under the item beaded "Tiie American Switch
Co.," this company is included as one of the companies forming said
organization. Tliis is an erroneous report. Kindly make proper corAjax Forge Company.
rection in your next Issue.
'
^
[Vol.
LXIX.
The directors report that arrangements
have been completed whereby the whole of the ordinary ^hares in the
American Thread Co. have been secured to the English Sewing Cotton
Co., Limited, and the American vendors have subscribed for 125,000
shares of the new issue of ordinary shares in the English Sewing
for the year ended IMarch 31.
Cotton Co., Limited, at 168. per share premium.— V. 66,
p.
V. 67,
p. 899;
1158.
English Stamp Duty on American Securities.— Sto?ip
Tax under Act of JS99.— The "Stock Exchange Weekly
Official Intelligence " of London gives the following facts
regarding the stamp duty payable on American securities
—V. 69, p. 441.
under the English Finance Act of 1899:
Class of Security—
Colorado Fuel & Iron Co.— Increase of Stock.— A special
Duty.
meeting of the stockholders will be held in Denver, on U. S. '4overniuent 4% funded loan of 1877 and funded loan
of 1891 per $500..
10 shillings
Sept. 25, to vote upon a proposed increase of the common Railway shares per nine or ten shares of $100 each
*2
"
from
to
procompany
to
$11,000,000
$23,000,000
stock of the
Railway bonds which were not originally issued in London
or have not since had the half per cent stamp affixed per
vide for improvements. V. 68, p. 1023.
$1,000
£1
Connecticut Lighting & Power Co.— Officer.^. —The officers
* Fractional lots as follows:
$.50 or $100 of stock, 3d.; $150, $200
are: President, R. A. C. Smith; Secretary, H. G. Remkle: or $250 of stock,
fid.; $300 or $350 of stock, 9d.; .$400, $450 or #500
Treasurer. A. M. Young; General Manager, James Sewall.
of stock, 1 shilling; $550 or $600 of stock. Is. 3d.; $650, $:00 or $750
—
of stock. Is. 6d.; $800 or
of stock, 2 shillings.
V. 69, p. 26.
$850
$950 or $1,000
of stock. Is. 9d.; $900,
Continental Tobacco Co.— First Dividend.— The company
The shares of the Anaconda Copper Co. must also be
has declared a dividend of 1% per cent on its preferred stock, stamped, viz.: 5 shares 3d., 20 shares Is., 50 shares 2s,, 6d.
payable Oct. 1. It is understood that the same rate will be
Glncose Sa2:ar ReHning Co.— Annual Statement— The
maintained quarterly. The company, it is said, will shortly
make cash payment for the Buchanan & Lyall plant. V. 69, stockholders, it is stated, will receive with their dividend
checks an official statement showing profits for the year
p. 387.
—
ended
written
July 31
off for repairs, $116 139;
$3,820,080
Denver Union Depot— Union Depot & RR. Co.— Extension written off for new repairs, $357,351; surplus for dividends,
of Bonds — Toe Union Depot & RuDroad Co., W. A. Deuel, $2,04^,590 7 per cent on preferred, $883,33
4>^ per cent
President, Ins arranged for the extension until Sept. 1, 19> 0, on common, $1,080,249 balance, $83,011.— V.
69, p. 285.
of the $300,000 first mortgage 7 per cent bonds, due Sept. 1,
Hawaiian Commercial & Sugar Co.-Neiv Bonds.— The
1899, with interest at the rate of 5 per cent per annum, payof
;
;
)
;
;
able semi- in Dually. On presentation of the bonds to MaitCi., No. 24 Exchange Place, New York,
land, Coppell
prior to Sept. 30, the bonds will be stamped, showing the extension, and two additional coupons for the ensuing year will
be attached thereto. The coupons due Sept. 1st, 1899, will be
paid by Maitland, Coppell & Co., who will also buy at par
and interest all bonds whose owners do not desire to extend
them. Befor*^ Sept. 1, 1900, a more permanent arrangement,
it is stated, will be made for refunding, or paying, the bonds.
The property is controlled and operated as follows:
The Union Pacific RR. Co. owns three-lifths and the Denver & Rio
Grande RR. Co. and tlie Colorado & Southern Railway Co. each onefifth of the $100,000 capital stock and pay operating expenses in nroportion. All other roads entering the depot pay a fixed rental per
month, which, together with express and office rentals, constitutes the
company's revenue.
&
Distilling Co. ot \mer\ca.— Permanent Orpanization.- Officers.— The
company wa? permanently
o'-ganized on
Wednes-
day, with the following directors and officers:
Directors—Thomas Dolan, Hugh J. Grant, R. A. C. Smith. Frederick
P. Flower, Gen. G. E. P. Howard, E. H. Schley, S. M. Rice. Edson
Bradley, George R. Sheldon, John M. Atherton and H. J. M. Cardeza.
Olflcers President, Samuel M. Rice; Chairman of the Board, R. A.
C. Smith; First Vice-President, Hugh J. Grant; Second Vice-President,
Edson Bradley; Third Vice President, H J. M. Cardeza; Executive
Committee, Thomas Dolan, Chairman; Hugh J. Grant, R. A. O. Smith,
S. M. Rice and Ei'son Bradley; Secretary, Thomas H. Wentworth.
Purchase Compleft d.— The Philadelphia Pure Rye Whiskey
DistiUmg Co. of Pennsylvania, Limited, "the largest rye
whiskey distillery in the world," and the Monumental Distillery ot Baltimore, it is understood, have been acquired and
will be operated without delay by the Distilling Co of
America.
Threatened Contest in Kentucky. The independent distillers of Kentucky, it is stated, proposed this week to the Kentiicby Distillers & Warehouse Co. (acquired by the Distilling
Co of America) to limit the output of whiskey in the State
—
stockholders have voted to issue 5 per cent 20-year bonds for
and to secure the same by mortgage to the Union
Trust Co. of San Francisco, as trustee. The proceeds of the
loan are to be us=ed to pay floating debt and for improvements
and additions. V. 69, p. 281.
$2.500,( CO
—
International Paper Co. Acquisitions.— This company,
originally acquired 21 concerns (see list V. 67, p.' 428),
has since acquired the following:
which
Moorehead Pulp & Paper Co. at Solon, Maine; Olcott Falls Co. at
Wilder, Vt.; Wilder Co., Ashland, N. H.; Remington Paper Co. at
Watertown, N. Y., and C. R. Remington <fe Son Co at Brownville,
N. Y. In addition a pulp mill with a capacity of 50 tons daily, unquestionably the finest pulp mill in the world, has been built ai Milton, vt., and put in operation.
—
Annual Meeting. A recent statement by President Chisholm was in the Chronicle of Aug. 5, page 281. At the
annual meeting on Aug. 23 a report was read, saying:
The company has spent a large sum of money during the pa.st year
in improvements, and it is now engaged in building a factory which
will make 10, (00, 000 paper bags per day, and will consume over lOO
tons 'f Manila paper daily. The company is also equipping its mills
to enable it to largely increase its output of Manila paper. These improvements and enlargements will call for expenditure of a large
amount of money during the coming year. Notwithstanding its iniacreased capacity, the company has readily disposed of the entire output. Besides having agencies in Boston, >iew York, Philadelphia,
Buflfalo, Pittsburg, Chicago, St. Louis and Cincinnati, it has also
established agencies in England, South America, Japan and Australia.
For the fiscal year ending June 30, 1899, after paying all
and dividends (the latter aggregating $1,786,206),
there remained a surplus of $463,233, which, added to the
surplus at the beginning of the year ($408,593), makes the
present surplus $870, d27. The balance sheets of June 30,
lb99, and Feb. 1, 1899, were in V. 69, p. 281, and V. 68, p. 7-^6.
On Thursday Warner Miller resigned as Secretary and was
succeeded by Assistant Secretary E, W. Hyde. The other
officers were re-elected.
V. 69, p. 281.
interest
—
of Kentucky for the season of 1899 and 1900 to 18,000,000 gallons, the icdependent distillers and the trust each to control
one-half the output. John F. Pogue, Chairman of the committee appointed by the independent distillers of Kentucky
Inter-State Commerce Commission.- i?Mimg as to JElxport
Grain hates. — The Inter-State Commerce Commistion on
Monday issued a ruling that export grain rates from any
point to the seaboard should not be less than from any interto confer regarding the matter, on Wednesday issued a letter, mediate place on the line. Market conditions, the Commission adds, may sometimes justify an export rate via New
saying in substance:
The committee met by appointment Edson Bradley, Vice-President York lower than the domestic rate, and differentials through
of the trust, on the 25ih of August in New York City for the purpose other export points are based on this; but export and domesof limiting the pioduct of the State for the season as directed by you. tic rates via New York should be the same during the period
a full conference we i^ubmitted the enclosed propof^ition The
After
views of Mr. Bradley precluded any agreement. The resultH will he
more fully stated to jou at a meeting to lie held at the Gait House, in
Louisville, on the 7th day of Septembei at 11 a. m.. that you may take
whatever action you may deem advisable in this crisis of our afi'airs.
when
lake navigation
is
closed.
—V.68, p. 333.
Leavenworth BridgeCo.— Leavenworth Terminal Ry. &
Brioge Co. Foreclosure. New Company Not Affected. At
The independent distillers claim to represent one-half the Topeka, Kan., on Aug. 24, John H. Shanklin of Trenton, Mo.,
as mortgage trustee, tiled a suit in the United States Circuit
mashing capacity of the State. V. 69, p. 285.
Court to foreclose a mortgage for $6' 0,000 made in the
Edison General Electric Co. of Los Angeles, Cal. - South- eighties by the Leavenworth Bridge Co. No interest has
ern California Poiver Co.— Pasadena Electric Light & been paid since June, 1886, and there is $583,000 due on the
Power Co.— Edison Electric Co. of Los Angeles.— Consoh- I riacipal. The company and its bridge (long, we understand,
dation-New Bunds. A press dispatch says arrangements unoperated) are entirely distinct from the new and solvent
have been perfected for the consolidation of the three com- Leavenworth Railway & Bridge Co., desciibed on page 76
panies last named under the title of the Edison General ot the Investors' Supplement.— V. 61, p. 556.
Electric Co. of Los Angeles. The new company, it is said,
Maryland Brewing Co.— Dividend— Earnings.— A semiwill istue $1,250,000 each of stock and bonds, the bonds to
dividend of 3 per cent has been declared on the preannual
and
to
interest
take
the
place
the
per
of
6
cent
per
bear 5
Net
payable Sept. 25th. Official figures show
stock,
ferred
cent bonds now outstanding. The new company, it is said,
6 months, $419,000; deduct interest on bonds, $225,earnings
for
lighting
contract
the
city
of
Pomona,
has a three-years'
lund, $37,500; dividend on preferred stock. $83,and will build at once a transmission line to Anaheim, Ful- 000; sinking
surplus, $74,000. The National and the Eigenbalance,
500;
Ana.—
Santa
674.
V. 68, p.
lerton, Orange and
brot properties were not taken over until March 20th, the
English Sewing Cotton Co.— American Thread Co.— Globe not until April 1st and the three English companies
Report.— Acquisition of Shares,— The "Money Market Re- not until June 1st.— V. 68, p. 1226.
view" of London says:
New Amsterdam Gas Co.— Application Denied. — Justice
The directors of the English Sewing Cotton Co. recommend a divi- McAdam in the Supreme Cotirt has denied the application of
dend on the ordinary shares of 1». per share. This, with the interim
for a mandamus to compel the
dividend of 9d. per share already paid, makes a distribution ofls. 9d. Gen. J. Frederick Pierson
—
—
—
—
:
September
2,
THE CHRONICLE.
1899. J
to permit him to inspect its books, etc. The Justice
sajs:
"The petitioner hns not famished any proof by exiierts that gas cannot be profitably sold at the reduced price, and the fact that a competing company is able to furnish It almost as low and pay dividends
would seem to prove that there is still a margin of profit left. No information contained in the books would aid in settling the gas wi»r.'
which must, like many of the 'cut rate' ivare of the past, adjust itself."
company
'
—V.
69, p. 387.
New York & Westchester Water Co.— New York City
District Water Supply Co.- Upper New York City Water
—
Co. Foreclosure Suits. The Metropolitan Trust Co., in each
case as mortgage trustee, has brought suit to foreclose the
$2,0 0,000 mortpafts of the New York City District Water
Snpoly Go. and the |l,OriO,000 mortgage of the Upper New
York City Water Co. The Central Trust Co also, acting in
the same capacity, has begun suit to foreclose the |500,000
mortgage made in 1890 by the New York & Westchester
Water Co. These three water companies, as al?o the Pocan,
Water Works Co., were promoted by Moses R. Crow.
The Pocantico Company was foreclosed and reorganized last
December by Henry F. Miller and others, of 44 Pine St., as
the Pocantico River Water Co., with address North Tarrytown; capital stock, $250,^00, In November, 1897, it was
proposed to have the New York & Westchester Water Co.
acquire the other concerns n?med and with that in view the
Westchester Company made a mortgage for $1,600, TOO to the
The
Corporation Trust Co., of New Jersey, as trustee.
tico
several comuanies were organized before the formation of
the Greater New York to introduce water in territory north
of the Harlem River and along Long Island Sound. The
Westchester Company had a contract with Mt. Vernon —V.
65, p. 870;
V. 61,
p. 1108.
Peekskill (N. Y.) Gas Light Co.—Mortgnqe—liheoompany has made a mortgage for |115,000 to the Farmers" Loan
& Trust Co.
495
I^tpoxts
and Mocumtnts.
NEW YORK CENTRAL & HUDSON RIVER
RAILROAD COMPANY.
EXTRACTS FROM THE THIRTIETH ANNUAL REPORT,
FOR THE YEAR ENDED JUNE 30, 1899.
To the Stockholders of the Neiv York Central & Hudson
River Railroad Company
The Board of Directors herewith submits its report for the
year ended June 30, 1899, with statements showing the
results for the year and financial condition of the company.
The report covers the operations of the system east of
Buffalo, including the following proprietary and leased lines
Railroad,
New York Central & Hudson River Oswego & Rome
Niagara Falls Branch Railroad,
Railroad,
Utica & Black River Railroad.
New Yora <fc Harlem Railroad,
Carthage. Water. & Sack. Har. RR.,
Troy & Greenbusli Railroad,
Mohawk & Malone Railway,
SpuytenUuyvil&Port Morris RR
Carthage & Adirondack Railway,
West Shore Railroad,
GouvPi-neur & Oswegatchie RR.,
New Jersey Junot'ou Railroad,
Rome Watertown & Ogaensb. KR New York & Putoam Railroad.
The following roads are also leased by this company, but
their mileage and operations are not included in this report,
:
as separate accounts have been kept and independent reports prepared in their behalf
Dunkirk All. Valley & Pittsb'gRR.
Fall Brook Railway,
Wallkill Valley Railroad.
Pine Creek Railway,
Syracuse Geneva & Corning Ry.
Beech Creek Railroad
In the next fiscal year, and thereafter, the operations of
all of these roads, excepting the Dunkirk Allegheny Valley
Pittsburg, will be inchtded as part of the New York Cen:
&
& Hudson River Railroad system.
The gross earnings from the operation of the system east
this company (known as the "Rail-coal" Consolidation) were of Buffalo were $46,184,6.57 81. an increase of §410,417 38
largely over-subscribed. There is said to be an understand- over the preceding year. The year 1897-98 had the advaning between this company and the Monongahela River tage of a very unusual grain movement, while the year
Coal & Coke Company (known as the "River-Coal" Con- just closed suffered from an abnormal decrease in grain
as trustee.
Pitlsburg Coal Co.— Over-Subscribed.
— The
tral
securities of
—
solidation see V. 69, p. 336). so that neither will etcroach
upon the territory of the other, thus putting the Pittsburg
district, with its output of 22,918,804 tons of coal last year,
in the hands of two great concerns. The constituent properties have been operated on account of the Pittsburg Coal Co.
since Sept. 1.— V. 69, p. 442.
shipments in
its first
quarter,
when
gross earnings fell off
During the remainder of the year this large decrease has been more than overcome, despite the snow
blockades in February, the loss of lake traffic in April, and
the Buffalo labor troubles in May and June.
The expenses were $29,128,981 35—a decrease of $882,032 63 from those of 1897-98. They include Sl,552,()47 39 of
$884,000.
Quincy (111.) Gas & Electric Co.—Bonds 0/ered.— All of
addithe gas and electric-light companies heretofore operating in extraordinary disbursements, representing substantial
property.
company's
the
tions
to
Quincy having recently been merged under this title, the conThe net earnings from operation were $17,055,676 46, or
solidated company has made an issue of .1600,000 first mortgage
01 in excess of those of the previous year.
$792,450
5 per cent $1,000 30-year gold bonds.
These bonds are dated
The income from investments includes $3,810,874 09 diviSept. 1, 18b9, and are due Sept. 1, 1929, but are subject to
Southern
call at 110 and interest.
Their interest is payable March 1 dends on the stock of the Lake Shore & Michigan
and Sept. 1. in New York or Chicago. Trustee, Illinois Trust Rulway Company and the Michigan Central Railroad Coman offset to a like
6 Savings Bank, of Chicago. The loan is a first lien upon pany owned by this company, and isbonds
issued for the
collateral
on
the
interest
Amount
of
the amalgamated properties, embracing about 'SO miles of gas
the operations
do
way
other
mains, with appurtenances and ample equipment for electric purchase of the same. In no
this
report.
affect
two
roads
of
those
light.
All lighting within the city domestic, commercial
The first charges, combining interest, rentals and taxes of
and public is done by this company. The net earnings,
based on present business for the current year, are reported every kind, were $15,465,296 33, or $1,905,069 70 more than
in 1897-98. This large increase is accounted for by the inas |50,< 00. Among the directors and officers are:
clusion of a full year's charges on the 'Lake Shore & MichiHon. J. Manchester Haynes. Augusta, Me., President; Chae.
Morse (President Consolidated Ice Co., N. Y.). Vice-President: George gan Central collateral bonds as compared with five months
The saving
E. Macoiuber, Augusta, Me Treasurer; Frank Tilford (Park &Tilford); proportion taken up in the preceding year.
W. H. Gelshenen (President Garheld National Bank), New York;
$437,341 99 for the
was
plan
refunding
the
interest
through
John F. Carroll, New Y'ork; Henry R. Wilson (Wilson & Stephens),
New Y'ork; Edward B. Lewis (Mason. Lewis & Co.). Chicago. 111.; E. J. year.
.^ ,
Parker (Treasurer State Banking & Trust Co.), Quincy.Ill.; Wm.SteinTaxes, $?, 038,3.58 74, equaled 2% on the entire capital of
wedell, Quincy, 111.
the company, or $8.52 per mile of road operated, and required
Wilson & Stephens of New York and Mason, Lewis
for tbeir payment 12% of the year's net earnings.
Companj' of Boston and Chicago offer for gale the above deThe profit for the past year was $5,615,051 68, and the surscribe! bonds at 103f^ and accrued interest. See advertise- plus, after payment of four per cent in dividends, $1,615,ment en pige viii. V. 68, p. 8^5.
051 68, as against $654,471 16 in the year previous and $ol,...
Republic Iron & Steel Co.— First Dividend.— The com- 866 80 in 1896-97.
Further comment upon the earnings and expenses will
pany has declared its first dividend (1^ p. c.) on the §21, '^57,000 preferred stock, payable on Oct. 1.
director is quoted be found upon page 497.
tvt
1
1000
The mileage of the system was increased on May 1, i»yy,
as saying: " The company has all the property it wants and
is not thinking of concerning itself with the business of by the lease of the following lines
other companies at this time. The contracts on hand indi- Syracuse Geneva & Corning Railway, from Geneva, „^„_,j,.. „
bi-S.^ Miiea
N. Y., to Corning, N. Y., and its branch line
cate that our net earnings for this year will be at least
Fall Brook Railway, from Corning, N. Y., to Antrim, Pa.,
^^
|5,o: 0,000."
101".al
-and its branches
As shown in the Chronicle of Aug. 12, page 339. the com- Pine Creek Railway, from Stokesdale Junction, Pa., to
*'°" „
Newl)erry Junction Pa
pany has increased its outstanding capital stock, the common
i"
Montto
Y.,
N.
Valley Railroad, from Kingston,
^^
from $27,0:0,000 to $27,757,000 and the preferred from Wallkill
gomery, N. Y
_____
$20,500,000 to $21.257,0C0. The quarterly dividend on this
273-84
amount of preferred calls for $371,997 50, or at the rate of
A total addition of
guarantees
$1,487,990 per annum.— V. 69, p. 442.
company
this
Under the terms of these leases
San Joaquin Electric Co. of Fresno, C&l.— Suit for Be the following annual payments as rental for the properties
$46,375
ceiver,
The Mercantile Trust Co,, of this city, as mortgage Syracuse Geneva <fc Corning Railway, in cash
_.,»
bS.odD *ii4,»J.w
and Interest on outstanding bonds
trustee, has filed a suit in the United States Court, at Los
Angeles, Cal asking for a receiver for this company. The Pall Brook Railway (which has no bonded debt),
175,000
interest due July 1, 1899, on $.550,000 of 6 per cent bonds
in cash.
(part of an authorized issue of $S00,C00 created in 1895) re- Pine Creek Railway, in cash
f?n'nnn 245,OUO
^d-i 000
JOO.OOO
and interest on outstanding bonds.
mains unpaid. The company's power plant is located aboat
35 miles east of Fresno, Cal., to which city the electricity
WallkillValley Railroad, in cash
Hl'^nn
ii a^n
.ii.,9Dyt
ZO.sw
was transmitted. The company also has a large reservoir
and Interest on outstanding bonds
about 25 miles further back in the hille, but a year ago there
$566,760
was a serious shortage of water, and the company was unable
ended
year
The surplus of the Fall Brook system for the
to furnish power or light.
all
charges
of
payment
April 30, 1899, was $378,738 39, after
and dividends. The profit of the WaUkill Valley Railroad
^p" For other Investment News see Page 502.
—
—
W
m
,
i.
.
&
—
A
:
,
v
"
'
:
—
.
.
THE CHRONTCLR
496
for the
The
is
same period was
$27,666 41, after paying interest
on
owned and
total mileage
controlled by this
company
now 6,744 69 miles.
On June 30, 1899, the
directors voted to lease the Boston
Albany Railroad and its branches, on a guaranty of eight
per cent per annum on its capital stock
Corresponding
Albany
action was taken by the directors of the Boston
Railroad Co. at the same time, and the matter is soon to be
submitted to the respective stockholders for ratification.
&
&
In the year ended June 30, 1899, the funded debt was increased by the issue of the following securities
3^2% Oold mortgage bonds:
For the enlargement of the
Grand Central Station
$946,000 00
:
Forconstruct'n at Roche3ter,
Amsterdam and Albany.
154,000 00
-$1,000,000 00
As premiums In the retirement of old
secur'fl bearing higher rates of interest
711,858 33
. .
600,575 00
Michigan Oentrat collateral bo7ids:
In exchange for stock of the Michigan Central RR. Co. 1,409,210 00
$3,721,643 33
of $300,000 of 4% gold debentures of 1890, as contemplated by the resolution of the
Board adopted May 13, 1890, not having proved feasible during the past year, that amount was invested in 33^'? Michigan
Central collateral bonds of this company, making a total
investment of $750,110 for the gold debenture sinking fund.
During the period covered by this report, the enlargement
of the general offices in the Grand Central Station has been
completed, the structure having been rebuilt from the second floor, and three new stories added.
To meet the requirements of the greatly increased passenger traffic at the Grand Central Station, it has been determined to remodel the entire lower part of the station, including the waiting rooms, baggage-rooms, tracks and train-
The purchase and retirement
The plans contemplate one commodious handsomelyappointed union waiting-room for the joint use of this company and the New York New Haven & Hartford Railroad
Company, with ample facilities and every convenience for
the 12,500,0' passengers who use the station yearly.
During the year several changes have taken place in the
executive force.
The Hon. Ashbel Green, the company's General Counsel,
died, much regretted, on September 4, 1898, and was succeeded on October 1st by the Hon. Samuel E. Williamson,
who had for many years been General Counsel of the New
York Chicago & St. Louis Railroad.
The resignations of Mr. William Buchanan, Superintendent of Motive Power and Rolling Stock; Mr. Walter Katte,
Chief Engineer; Mr. Alfred Skitt, Manager of the Marine
Department, and Mr. James D. Layng, General Manager of
the West Shore Railroad, took effect during the year. The
last-named office was abolished. Mr. William J. Wilgus was
promoted to succeed Mr. Katte, Mr. Walter B. Pollock was
promoted to succeed Mr. Skitt, and Mr. Arthur M. Waitt,
who had long been connected with the Lake Shore & Michigan Southern Railway, was selected as the successor of Mr.
shed.
Buchanan
New York,
CALL A. WAY,
S. R.
August 24, 1899.
of mails
rentals
miscellaneous
sources
I.
/.
Totals
$33,834 40
472,314 43
14,060 64
1,654,182 48
1,882,308 38
1,652,779 21
1,984,790 51
X).
1,403 27
102,482 13
95,248 07
103,96130
X>.
8,713 23
For maintenance of
way and structures. $4,700,294 46
For maintenance of
equipment
5,033,095 62
For conducting transportation
18,250,70341
For general expenses. 1,144,837 86
7.
7.
$410,417 38
United States internal
revenue tax...
Interest
on
loans,
notes and bills pay-
71 $5,421,200 07 7.$2,066,554 64
17
,972,422 23 D.
68.914 06
34
1,883,239 95 D.
145,112 61
30
136,788 19 7
45 11
70
87.671 33 7.
20,662 37
."i
55,064 40
35,674 71
able
Operation
$4,697,237 14
I.
$3,057 32
4,987,19186
/.
45,?03 70
18,698,858 46
1,127,726 52
1)448,155 05
$29,128,98135 $29,511,013 98
D.$382,032 63
I.
68,904 86
on other
Net Income
$5,915,05168
$4,954,47116
17,161 34
J.
I.
$792,450 01
$1,851,917 81
7.
398,983 00
539,003 00
D.
92,f 33 50
on loans,
and sundry
bills
this net ircome for the year
there should be further deducted:
51,424 46
44,699 85
16,308 50
107,795 21
Totals
Gross income
$960,580 52
$5,915,051 68
4% Gold Deben-
300.000 00
Balance available for dividend
Cash dividends, four, of one per cent each..
$5,615,051 68
4,000,000 00
Surplus for the Year.
$1,615,051 68
To which add—
Profit in operating sundry leased lines,
hitherto carrier in separate accounts:
Beech Creek Railroad, from October 1,
1890, to June 30, 1899...
$546,944 28
Fall Brook Railway system, from May
1. 1899, to June 30, 1899
98,904 06
WallklU Valley Railroad, from Mav 1,
"....
11,474 05
1899, to June 30, 1899
i
657,322 39
From which deduct—
Payments Incident
$2,272,374 07
to refunding
bonded
$801,294 33
debt
Payments incident to issuing Lake
Shore and Michigan Central collateral
899,049 35
97,755 02
bonds
$1,373,324 72
Amount
June
to the credit
30,
of Profit
and Loss,
9,424,172 70
1893
$10,797,497 42
Balance, June 30, 1899
TRAFFIC STATISTICS
AS TO THE
VOLUME OF
BUSINESS.
1898.
1899.
Engine Mileage.
Freight
Passenger
Switching
Work
Totals
19,133.539
16,010,050
7,826,607
1,779,192
18,859,104
15,886,565
7,743,477
1,887,939
44,749,388
44,377,085
Mileage of Trains.
Miles run by
Miles run by
Miles run by
Miles run by
Miles run by
freight trains
passenger trains
n;ixed trains
switching trains
work trains
Total train mileage
Freight Carried
and Ton
Tons of through freight, north and west.
Tonsof through freight, east and south..
Total
number
of
tons of
of
of
way freight, north and west
way freight, east and south
Total
number
of tons of
way
14,240,984
16,225.888
299,924
7,826,607
1,779,192
14,746,098
15,065,662
379,838
7,743,477
1,887,939
39,372,595
39.823,014
Mileage.*
456,893
513,132
3,251,826
3,696,191
3,764,958
4,153,084
7,464,257
14,127,2£9
6,686,242
12,564,113
21,591,516
19,250,355
25,356.474
2.779,091
23,403,439
2,719,010
through
freight.
.
Tons of freight earning revenue
Tons of company's freight
26,122,449
28,135.565
Totalnumber of tons carried
4,659,165,559 4,500,269,846
Tons carried one mile
Tons of company's freight carried one
mUe
Total
352,072,698
315,018,886
number of tons carried one mile.5,011,23 8,257 4,815,288,732
'The aggregate distance called for on
way
bills
multiplied by the
Description of Freight Moved.
Tons.
Flour
Grain
Other agricultural products
Live-stock
Fresh or pickled meats or provisions
Petroleum and other oils
Lumber
fteelrail
Iron and other ore
Coal and coke
Manufactures
Merchandise
Other articles
Total
number
of tons
and
6,724 61
7.
7).
91,486 71
$4,324,67155 $2,251.47134
7.
$2,073,200 21
$21,380,318 01 $18,514,697 79
7.
$2,865,650 22
Tons.
852,556
3,805.214
1,876,506
8C6,819
919 317
285,100
1,900,53^
812,677
3,865,505
764,856
271,735
6,654,954
1,775,343
2,490,921
2,952,614
704,563
157,694
5.672,746
25.356.474
23,403,439
1,774,4 90
797,363
922,706
•.:72,012
1,911,378
1,596.161
-^.429,303
2,48 6,841
Ticket Miteage.i
Through passengers
Way
from sundry
accounts
I.
From
Passengers Carried
446,064 50
23.230 15
$15,465,296 33 $13,560,226 63 7.$1 ,905,069 70
Totals
securi-
ties
D.
Pig and bar iron and steel, and iron and
$17,055,676 46 $16,263,226 45
To which add—
Dividend on Lake
Shore & Michigan
South, stock owned. .$3,163,522 76 $1,311,604 95
Dividend on Michigan
647,35133
Cent, stock owned..
248,368 33
Dividends and inter-
55,064 40
7.
total tonnage.
Net eahnxngs from
Profits
."i
freight
Inc. or Dec
I.
$46,184.657 81 $45,774,240 43
(63-07%)
(64-47%)
Totals
Expenses-
notes
$7,487.754
5, 903, 08
1,738,127
136,833
108,333
Ren tals of leased lines.
Taxes on real estate..
Tax on capital stock..
Tax on gross earnings.
Tons
Tons
Earnings—
1899.
1899.
From freight traffic. $27,529,964 09 $27,496,129 69
From pasb'^^er traflSc. 13,723,115 08 13,250,800 65
From express traffic. 1,299,839 71
1,285,779 07
From transportation
Inc. or Dec.
funded
debt
President.
SUMMARY OF FINANCIAL OPERATIONS AFFECTING INCOME.
$a,S6s,6jo,!a
7.
1898.
.
For the Board of Directors.
CHAUNCEY M. DEPEW, Chairman.
nterest
on
Interest
%i8,si4fi97 79
1899.
tures of 1890
$1,711,858 33
est
%2rj8oj48ot
—
Reserve for redemption of
Lake Shore collateral bonds:
In exchange for stock of Lake Shore & Mich. So. Ry. Co.
From
From
Brought forward..
Deduct
bonds.
all its
[Vol. LXIX.
passengers
Commutation passengers
Total number of passengers carried..
Passengers carried one mile
235,448
19,313.055
5,027,399
191,597
19,128.833
4,75 0,824
24,575,902
754,081,020
24,074,254
712,115,222
tThe aggregate distance called for on tickets multiplied by the number of passengers carried.
September
2,
THE CHRONICLE.
1899.]
AS TO THE RESULTS.
Freight.
1899.
$
EarnlngB from traneportatlon
From miscellaneous
27,175,668 19
354,305 90
sources
Total earnings
27,529,964,09
Expenses alloted to the transportation of
18,956,517 70
freight
8,573,146 39
Profit
Earnings per ton per mile
Expenses per ton per mile
ct8.,0-59
Profit
cts.
0.41
cts.
0-18
Earnings per train mile..
Expenses per train mile.
$190
1
59
54
(2.394 -^8 miles).
$11,495 34
7,91556
$11,481 21
8,080 11
$3,579 78
$3,401 10
Profit.
Average
number
trains, entire
Average
of
oars
in
freight
of cars
in
freight
system
number
main line
Average number
portion of the mileage of branch and leased lines on which
the train load is necessarily small. On the New York Cen1898.
tral main line the average train load of through freight,
S
26,991,713 93 east and west, was 7f tons.
504,415 '6
The increase in engine mileage was 372,303 milf s, being
less than one per cent and little more than one-tenth of the
27,496,129 69
increase of 1898 over 1897.
In handling the freight traffic for the year, 6,f 25,855 cars
19,350,895 90
were engaged, a decrease of 28,905. The average number of
8,145,233 79 freight cars in main line trains, through and iocal, east and
cts. 0-61
west, was 49.
cts. 0-43
The marine department handled 1,090,931 tons of mercts. C-18
chandise lighterage, an increase of 80,563 tons, 15,401 car
$183 floats, an increase of 422, and 63,526,698 bushels of grain, a
129 decrease of 16,649,519 bushels.
(8,3W88 miles).
Profit.
„
Earnings per mile of road operated
Expenses per mile of road operated
31
of tons
322
346
750
184
Not compiled.
192
Passenger.
From miscellaneous
$
13,319, 654 02 12,861.010
131.295 91
272, lt5 15
sources
Total passenger earnings
70
125,557 83
264,232 12
13,723,115 08 13,250,800 65
Expenses alloted to transportation of passengers
10,172,163 65 10,160,118 08
Profit
.
Earnin gs per passenger per mile
Exi)ense8 per passenger per mile
Profit
Passenger earnings per train mile
cluding mail and express)
Passenger expenses per train mile
3,550,95143
cts.
cts.
1-82
1-35
ct8.
0-47
Passenger earnings per mile of road. ..
Passenger expenses per mile of road.
Profit.
Average number of cars In passenger
3,C 90,682
57
cts.
cts.
1-86
1-43
cts.
43
'•Renewals of rails" include the relaying 146 5 miles of
single track with 17,319-5 tons of steel rail, mainly 80-lb.
"Renewals of ties" cover the cost, both of labor and
material, of 1,154,044 ties, mainly of yellow pine, oak and
yellow cedar. On branch lines, cedar ties with tie-plates
have been iargel}^ substituted for yellow pine and oak,
and a considerable saving is anticipated both in first cost
and maintenance.
"Renewals of bridges and culverts" include the cost of
replacing or materially strengthening 29 bridges weighing
about 2,600 tons, the most important being those at Croton,
Woodlawn, Minoa and Depew. Cast-iron pipe and solid
43
$5,730 19
4,247 46
have been used for the elimination of 178
timber trestles and minor openings. Many abutments and
piers have been rebuilt, requiring the construction of 9,(00
$1 07 cubic yards of masonry. This account also includes a
67
charge of $100,000 in anticipation of the extensive strength40 ening and renewing of bridges on the main line during the
$5,532 97 coming year, to permit the increased use of the heaviest
4,242 43 classes of motive power and rolling stock.
$1,482 73
$1,290 54
(in-
Profit.
tially raised
•
Central & Hudson River RR. main
line, per train mile
Aver, number t f miles one ton carried...
Earnings from passengers
From excess baggage
cluded), $1,195.
throughout the system.
"Renewals of roadway and track" include the cost of
299 574,703 cubic yards of gravel ballast and 11,896 cubic yards
of stone ballast, with which over 800 miles of track have
320
been newly raised and ballasted; 130,000 cubic yard of riprap used along the Hudson and Mohawk rivers; and the construction of eleven miles of new yards and sidings.
49 Not compiled.
of revenueearningfreight carried per train mile....
Aver, number of tons of all freight (including co.'s) carrried per train mile
Aver, number of ton« of through freight
(east and west) carried on the N. Y.
In the maintenance of its roadway and structures the
company has expended $4,700,294 46. The cost per mile of
road was $1,963, and per mile of main track (sidings ex-
Energetic attention has been given to the
permanent improvement and increased safety of the road34 way and track, the standards of which have been substan-
37
trains,
497
$109
66
rail floor culverts
"Renewals
rods with
of fences" include the cost of rebuilding 46,893
woven
wire.
Operating expenses have also been charged with the cost
trains
5
5 of rebuilding or enlarging a number of structures, in addiAverage number of passengers per train
mile
49
47 tion to thorough ordinary repairs. The chief items among
Average number of miles one passei ger
these were the reconstruction of the De Witt engine-house,
carried
31
30 the erection of a gas plant at Utica, the new passenger station at Amsterdam, the extension of the 48th Street milk
COMMENT UPON EARNINGS AND EXPENSES.
Freight earnings were, in amount, practically the same shed and new station buildings and improvements at many
as last year, the increase being $33,834 40— less than one- other points.
eighth of one per cent. The tonnage, however, increased
In maintaining its equipment the company's liberal pol1.953,035 tons, or 8i^per cent; and the tonnage carried one
icy has been continued, $5,033,095 62 having been expended
mile was 158,895,713 tons greater, or ^% per cent.
The rate per ton per mile decreased from 6-1 mills to 5-9 in this direction. The inventory values exceed those of
mills.
The freight earnings per train mile were $1 90, as June 30. 1898, by $537,070 32.
In addition to the expense of repairs and replacements of
compared with $1 83 in 1897-8, a gain of 3 8 per cent.
As in the previous year, excellent results were obtained in an ordinary character many extraordinary items are charged
business local to the company's system, this class or traffic in this account, the most important being:
showing substantial gain. The tonnage increase was 2,341 ,1,000 thirty-ton coal cars with air-brakes and couplers.
161 tons, or 12 per cent, much more than offsetting the deAlso the following, built at the company's shops;
crease in through traffic caused by the falling off in grain
3 smoking cars,
20 cabooses,
7 horse cars,
shipments, the delay (owing to the severity of the winter
1 composite car.
3 flangers,
4 ice cars,
15 milk cars,
6 postal cars,
season) in the resumption of lake navigation, and the Buffalo labor troubles.
To meet the requirements of law, 992 freight air-brakes
West-bound through tonnage from New York City showed were applied.
increases of 12 per cent, and the results on the various
The final payments, $328,641 28, on the special series of
leased lines, both as to tonnage and earnings, werd better 3,000 freight cars bought in 1892 were also included in
" Renewals of freight cars,"' thus disposing of the cost of
than those of the preceding year.
this entire series, viz., $1,868,934 89, in the operating exPassenger earnings increased $472,314 43, or 3-6 per cent. penses of the past six years.
This increase was generally distributed among the comThe large increase in the expense of repairing passenger
pany's lines and covered all classes of business. 501,648 cars is due principally to the change of exterior color,
more passengers were carried than in the year preceding, a 1,178 coaches having passed through the paint shop during
gain of 2-1 per cent. The earnings per mile of road in- the year. At the same time, they were thoroughly renocreased from $5,532 97 to $5,730 19, or $197 22.
vated, many of them being re-upholstered with new plush
and furnished with new window fixtvires and curtains. 264
The decrease of $382,032 63 in the year's expenses does not sets of new gas-lighting apparatus were applied and 13 cars
fully represent the extent of the economy in operation and were vestibuled.
maintenance. Notwithstanding the increases in the volume
The cost of engine repairs includes
of business handled, the expense of conducting transporta- 3 new eight-wheel passenger engines built at the West Albany and
Depew shopp,
tion decreased $448,155 05.
new ten-wheel mogul freight engines built at the West Albany shops,
The introduction of 28 new mogul locomotives, each 21 new
switch engine built at the Depew shops,
capable of hauling 80 loaded 30-ton grain cars (making a 4 new six-wheel compound twitch engines built at the Schenectady
Locomotive Works.
gross weight of 3.600 tons for the train and its load), has resulted in a saving of 505,114 train miles, or ^% per cent deThe locomotives of the West Shore Railroad also received
crease, although the volume of freight traffic was 8^ per thorough overhauling.
cent greater. 20 additional locomotives of the same" type
The cost of engine repairs per locomotive mile run was
were ordered toward the close of the year.
3-47 cents.
The cost of freight-car repairs, including $908,The average train load for the eiitire system, including 550 35 of extraordinary items, was 14-15 cents per train mile.
company freight, was 346 tons, as against 320 tons in 1897-8. The cost of passenger-car repairs per train mile run was
The average is of course much reduced by the large pro- 5-01 cents.
:
THE CHRONICLE.
498
SUMMARY OP FIRST CHARGES.
Interest on Funded Debt
Rentals of Leased Lines
$7,487,754
5,903,508
2,038,358
35,674
Taxes
Interest on Notes and Loans
Total First Charges
71
17
Oct. 15, 1898,
Jan. 16, 1899,
Apr.l5, 1899,
Julyl5, 1899.
74
71
$15,465,296 33
Total
[Vol. LXIX.
DIVIDENDS.
1% on 1,000,000 shares of capital stock,
"
1% " 1,000,000
"
"
"
"
1% " 1,000,000
"
1% " 1,000,000
$l,C00,000
1,OCO,000
1,000,000
1.000,000
4%
$4,000,000 00
00
00
00
00
CONDENSED GENERAL BALANCE SHEET.
Jane
June
ASSETS.
30, 1898.
30, 1899.
Road and Equipment.
$115,289,423 83
18,146.103 60
1,298,419 54
$26,546,226 25
3,606,464 31
$115,492,612 41
18.163 779 15
1,692,871 59
Cost of road
Real estate
Changes of grade crossings, Buffalo (Incomplete)
Cost of equipment
Special equipment.
$27,034,026:25
3,306,4e4 31
30,340,490 56
30,152,690 56
$165,679,753 71
$164,886,637 53
$89,938,625
17,137,415
156,912
662,600
483,700
100,000
465,609
Proprietary Interest in Other Lines Through Ownership of Stock.
Lahe Sbore & Mictiigan Southern Railway
00
00
Michigan Central Railroad
Dunkirk Allegheny Valley & Pittsburg Railroad
Syracuse Geneva & Corning Railway
Carthage Watertown & Sackets Harbor Railroad
38
00
00
00
New Jersev
$90, '539,200
18,546,625
1?>6,912 38
802.875
483,800
100,000
60,857
,
,
Junction Railroad
Sundry other railroads
22
00
00
,
00
00
00
83
$110,690,270 21
$108,944,861 60
Ownership of Other Property.
$2,043,950
1,905,878
2,691,166
4,021,584
31
$2,044,275 31
Rfal estate not used in the operation of the road
Hudson River bridges at Albany
36
28
1,905.<*78
of sundry railroad companies
Stock in other than railroad companies
77
36
3,153,156 28
4,046,784 77
Bonds
,
$11,150,094 72
$10,662,579 72
Advances for Lessor and Other Companies.
New York it Harlem Railroad.
Morrlsania improvements and other construction (in excess
$1,319,560 12
bursement by lessor)
3,024,196 48
Elevation of tracks and new bridge over Harlem River
629,814 63
Grand Central Station enlargement
$1,973,571 23
373,559 73
254,318 48
of reim
Dunkirk Allegheny Valley & Pittsburg Railroad
West Shore Railroad
Beech Creek Railroad
Rome Watertown & Oi^densburg Railroad
New York & Putnam Railroad
Other companies
268.072 57
291.165 47
186,404 12
$1,315,830 12
3,089,166 44
846,47 8 84
,
$5,251,455
373,559
200,305
9-5.226
182,114
291,184
222,628
,
$6,347,091 60
40
73
43
83
78
93
b2
$7,506,475 72
Current Assets.
$1,667,827 72
2,661, 77.'> 84
4,084,645 39
2,327,972 02
Cash charged Treasurer
Traffic balances receivable
Sundry collectible accounts..
$4,093,894
3,708,588
3,960.5.M
1,688,088
,
,
Fuel and supplies on hand
Sinking Fund for the Redemption of Gold Debentures of 1890
Securities Acquired from Lkssor Companies {per contra)
$2,914,150 00
,
$312,141,978 12
$304,917,651 42
June
13
77
$13,451,123 76
$750,110 00
$2,914,150 00
$10,742,220 97
$450,110(0
91
95
June
LIABILITIES.
30, 1898.
30, 1899.
Capitalization.
$99,993,700 00
6,300 00
$99,993,700 00
6.300 00
Oapital Slock
Consolidation certificates.
$100,000,000 00
$100,000,000 00
Funded
$22,961,000
7,652,347
6,106,000
833,000
6,851,000
4,493,000
25,518,600
89,930,625
17,137,415
181,490.987 78
7,000 00
$281,497,987 78
$457,391 28
00
40
00
00
00
00
38
00
00
First mortgage bonds
First mortgage sterling bond s
Debenture certificates of 1^84
Debenture certitlcates of 1889
Debenture certificates of 1890
$30,723 11
$285,219,631 11
$571,250 00
Liabilities.
Traffic balances
$10,623,226 55
$2,914.150 00
185,212,631 11
7.000 00
Total capitalization
51]
26
25
I
00
44
00
00
00
00
67
00
00
Loans and Bills Payable
Wages and supplies
17
I
6.512,574
5,254,000
683,000
6,062,000
4,158,500
34,081,731
90,539,100
18,546,625
Bond and Mortgage Payable
.^6'
00
$19,37.'^ ,000
Extended debt certificates
3^2% Gold mortgage bonds
Gold bonds. Lake Shore collateral
Gold bonds, Michigan Central collateral
Current
$2,637,379
1,2^^ 2,405
5,345,038
1,000,000
69.936
288,467
Debt.
$2,676,618
1,564,711
5,688,834
1,000,000
77,624
690,119
payable
Interest and rentals accrued
Dividend payable July 15ih
Dividends and interest unclaimed.
Sundry accounts payable
Held in Trust for Lessor Companies
Items Conveyed from Lessor Companies.
Securities
$11,697,908 29
$2,914,150 00
(per contra).
$25,402 44
802.259 57
54.310 67
59,568 62
& Adirondack Railway
Brook Railway
Svraouse Geneva & Corning Railway
WalklU Valley Railroad
Carthage
Fall
$30,723 11
),424,172 70
Profit and
25
54
58
00
56
36
$941,541 30
$10,797,497 42
Loss.,
$312,141,978 12
$304,947,651 42
CAPITALIZATION.
capital stock.
Number
of shares Issued
w
Consolidation certificates not yet converted
Number of shares authorized
Par value per share
Dividend for the year, 4 per cent.
Amount of capital
999,937
63
1,000,000
$100 00
Total par value issued and outstanding.
Consolidation oertiiicates outstanding...
.
$99,993,700 00
6,300 00
!
Total par value authorized
stock per mile of road
owned (81945
miles) $122,033 07.
.$100,000,000 OO
September
THE CHRONICLE.
2, 1899.]
499
FUNDED DEBT.
Date of
Glass of Bond.
Debentures
Debentures of 1889
Gold debentures of 1590
* t Extended debt certiticates
Gold mortgage
Gold bonds, Lake Hhore collateral
Gold bonds, Michigan Central collateral.
I
^
Jauuary 1, 1903
January 1, 1903
September 1. 1904
September 1,1 904
June 1, 1905
May 1. 1905
July 1, 1997
February 1, 199'^
February 1, 1998
1873
1873
1884
1889
1890
1853
1897
1898
1898
First mortgage
First mortgage, sterling
Total
Date of Maturity.
Issue.
Amount Issued and Rale of
now Outstanding. Interest.
Amount of
Aitthorized Issue
$19,375,000
6,512,574
5,254,000
683,000
6,062,000
4,158.500
34,081,731
90,539,200
18,546,625
$30,000,000
£2,000,000
$10,000,000
1,000,000
15,000,000
6,450,000
100,000,000
100,000,000
21,550,000
amount of funded debt
Amount of funded
00
44
00
00
00
00
67
00
00
FayaiU on the
Days of
First
January and July.
January and July.
March and Ireptember.
March and September.
June and December.
May and November.
Jauuary and July.
February and August.
Febiuary and August.
7
6
5
5
4
4
3^
:-ii2
31a
$185,212,631 11
debt per mile of road owned (319'45 miles), excluding Lake Shore
&
Michigan Central collateral bonds, $92,899,88.
^ Issued by the New York Central Railroad Company; all of the others listed above were issued by the New York Central & Hudson River
Railroad Company.
t Original rate of interest, 6 per cent; extended May 1, 1883, for ten years at 5 per cent; further extended May
1, 1893, for twelve years
at 4 per cent.
TABLE OF TRACKS.
Lines
Owned—
New York
to
track,
Tliird Foin-th
track.
track.
144-00
297-76
30-63
286-64
MUeifof Second
road.
Sidings.
Totul.
Albany
East
(mainline)
Albany to Buffalo (main
144-00
297-75
line).
114-08
647-32
286-64
432-71
661-40
236-06
2,148-81
685-44
mlUs 819-45 513-43 317-27 286-64
897-46
2.8342)
8-46
0-62
55-08
230-26
2-74
20-46
12-70
Single track owned: Ujth. in
Lines Leased—
Troy & Greenbush RR
600
604
Spuy'n Duy'l & Pt.Morris RR..
>ew York & Harlem RR
WestShoreRK
New Jersey Junction RR
Rome Watertown & OgdensburgRR
Rome Watertown & OKdecaburg RR. leased lines
Mohawk & Malone Ky
Carthage* Adirondack Ry
Gouyerneur & t)swegai'e RR..
New York & Putnam RR
Tiyoli Hollow Railroad
126-96
425-00
4-51
1-33
8*08
19'-78
173-10
4610
5406
6-;J0
1-23
.
893-01
11-74
13-49
25015
152-54
10-05
10-88
270-81
3-10
6158
1,675-4?
39611
13-4'J
1174
553-04
2,649-81
900-54
330-76
29S-38
1,450-50
5,384-06
mil's.
.
Mileage of main line in
Steel bridges
Stateof New York
441-75 Stone bridges
Mileage of branches in
Wooden bridges
State of New York
377-70 Trestles
Mileage of leased lines in
Tunnels
Total
Total cars in service
in
23-67
2.394-88
Gauge
Barses
Grain boats
1,525
218
129
210
22
of track, 4 feet
New York City,
Albany
Byron
8ifl
Buffalo
Bulfalo
Weight
100 pounds.
FOURTEENTH ANNUAL REPORT— FOR THE YEAR
ENDING JUNE 30, 1899.
loss
An
30,901
3,293
1,384
6,440
101
Officers'
42,119
Total
t»i
Company's
Service.
and pay cars
8
500
Gravel cars
Derrick cars
Caboose cars
Other road cars
33
472
413
1,426
44,982
20 Car floats
6 Ferryboats
67
Total boats of
iS
26
7
all
kinds
149
"A"
"B"
Capacity in bush.
60th St.. 1,500,000 Weehawken
500,000 Norwood
2-.000
Total
600,000
800,000
Capacity in bush.
1,250,000
250,000
4,925,000
account.
The average rate received per ton per mile decreased
$^,801,969 06
3,706,104 63
$95,864 43
$2,441,393 90
2.366,415 05
The revenue tonnage moved
w^as:
Bituminous coal
Last year
$74,978 85
increase of 3-17 per cent, or
1,437
11-10 Jths of a mill, being 4 13-100 mills, against 4 23-100
mills a year ago. The average distance each ton was hauled
decreased 1 74-1^0 miles, being 123 29-100 miles, against
125 03-l('0 miles last year.
There was a gain of $93,590 92 in the gross freight earnings, arising from the increased tonnage, which more than
offset the loss in rate, and the shorter distance carried.
:
Operating expenses
Against last year
Total
FREIGHT EARNINGS.
The Directors of the Buffalo Rochester & Pittsburg
Railway Company submit to the Stockholders the following
report for the year ending June 30th, 1899
increase of 2-59 per cent, or
24
ice
After meeting the fixed liabilities of the year, expending
$103,719 08 for extraordinary expenses and improvements,
and paying two dividends of one per cent each, amounting to
$12", 000 to, on the preferred capital stock, there remained a
surplus of $269,951 08 to be carried to the credit of profit and
BUFFALO ROCHESTER & PITTSBURG
RAILWAY COMPANY.
An
330
Elevators.
Inches.
of rails, per yard, 6 J to
Gross earnings
Against last year
Mail, express and baggage
cars .
Other cars in passenger serv-
Floating Equipment.
Propellers and steam tugs
Steam hoisting barges
1,551-76
State of
Total mileage
cars
Flat cars
Stock cars
Coal cars
Refrigerator cars
in
Orand total, siinjtc track owt^ed
ami Uased; length in miles. .2,194-88
New York
Mileage of leased lines
Stale of New Jersey
Box
I'lS
15-90
80-25
0-34
3-10
Service.
Cars
Oars in Freight Service.
16-62
B-96
10-06
'<-15
2
in servlce.l.lST
5373
741»
2,279-00
216-13
733
205
Ii8
10
15
9
201-99
501-46
31-44
2-55
0-58
840
First class passenger cars...
Second class passenger cars.
Combination cars
Immigrant cars
Dining cars
Parlor care
16-71
51-37
28-89
70-20
u'iH
Oars in Passenger
-;^o
40716
894
121-10
22
372 Dummy engine?
572
184 Total looomoraves
For passenger service
For freight service
For switching service
t)99-ll
97-72
7-63
3-57
14-87
0-26
13-05
Branches Leased—
On New York & Harlem RR.
On West Snore RR
On >ew Jersey Junction RR..
On Rome Watertown & Ogdensburs system
On Mohawk & Malone Ry
On New York & Putnam RR...
length
10-41
10-41
497
304-47
1,369-30
Itneit;
6-00
6-04
22-44
343-85
4-61
Locomotives,
1,716-10
Mainline oumal; length in miles 441-75 441-75 317-27 286-65
Branches ownefl
377-70
71-68
Total Uased
EQUIPMENT.
owned and leased.
An increase of 403 per cent, or
$1,360,575 16
1,33?,689 58 'Coke
Last year
An increase of 1'56 per cent, or
$20,885 58
An increae of 5*68 per cent, or
Other freight
Cost of operating, not including $103,719 08 extraordiLast year
nary expenses and improvements
64-21 percent
An Increaieol 14 42 percent, or
Against last year
63-85 percent
4,257,679
4,092,850
164,829
Net earnings
Against last year
579,382
548,231
I
An increase
Grand
'36 per cent
of
From
the net earnings
are to be deducted
Interest on funded debt
$668,110
InterePt on flouting debt
330
Erie RR Co.— Rental of track
...
35,464
Clearfleld & Mahoning Ry. Co.— Rental of
track
77,500
Mahoning Valley RR. Co.— Rental of track.. 15.000
$1,360,575 16
04
93
03
00
00
Taxes
70,500 00
Extraordinary expenses and improvements. 103,719 08
Total deductions
Profit
Against last year
An
increase of 10-68 per cent, or
970,624 08
$3P9,951 09
352,321 08
$37,630 00
total
tonnage
Last year
An increase of 6-36 per cent, or.
Owing to a strike of the miners, most
31,151
1,410,«49
1,233,092
177,757
6,247,910
5,874,173
373,-37
of the collieries
shipping over vour line were idle for a period of six weeks,
from June 6tlL 1899, to July 17th, 1899. It is estimated that
in consequence the business of this year decreased 35 ),000
tons, representing a loss in gross earnings of at least $170,00 J.
In spite of this loss the shipments of bituminous coal and
coke exceeded the record of other years.
Large gains were made in other freight, particularly in
lumber, brick, pig iron, and merchandise. The principal
losses are found in salt and iron ore shipments.
A desirable tonnage is in prospect from tbe large glass
works now being erected at Mt. Jewett, Pa., and Falls Creek,
Pa.
THE CHRONICLK
500
PASSENGER EARNINGS.
The average rate received per passenger per mile de-
EQUIPMENT.
new rolling stock as
Ten locomotives
$111,588
Two hundred and sixty-eight freight oars
167,339
Twenty Company's service cars
18,019
Air-brakes, automatic couplers and other betThere was expended for
creased 46-lOOths of a mill, being 3 115-1000 cents, against
2 161-1000 cents a year ago. The average distance each
passenger was carried decreased 5-lOOths of a mile, being 22
12-100 miles, against 22 17-100 miles last year.
Passengers carried
[Vol. LXIX.
terments
follows
95
75
65
:
29,279 30
$326,227 65
772,871
733,208
Of the above equipment 18 freight cars and 8
service cars were built at the Company's shops
An increase of 541 percent, or
39,663 975 cars were furnished with air-brakes and 990
The results for the year show a gain of $10,714 05 in Pass- cars fitted with automatic couplers.
enger earnings.
The account was credited with the following
EXPENSES.
items for equipment sold or destroyed, charged
The operating expenses, not including $103,719 08 extraor- to operating expenses
dinary expenses and improvements, increased 3*17 per cent, Eight locomotives
$57,305 CO
71,08224
or $74,978 85. which is practically all accounted for by the One hundred and ninety-five freight cars
Thirty-four Company's service cars
7,ol0 00
increased tonnage moved.
135,397 24
The average cost per ton per mile was 2 53- ICO mills, being
Making a net Increase of
*190,830 41
9-1 00th of a mill less than last year.
Included in the above are one hundred and fifty-two cars
The average number of tons carried one mile per revenue
train mile, excluding the mileage of the helping engines, torn down at the Company's shops.
CONSTRUCnON AND EQUIPMENT.
was increased 20, being 407 now, against 387 a year ago.
There was expended for construction and equipment:
The average number of tons carried one mile per freight
engine mile, including the mileage of helping engines, was Construction—
Buflfalo Rochester & Pitts. Ry. proper
$170,319 28
increased 18. being 344 now. against 326 a year ago.
Proprietary roads
1,441 71
The statistics for the past five years show a steady improveClearfield & Mahoning Ry
13,682 57
Lastyear
;
Equipment
ment
in the average tonnage moved one mile per engine
mile and per train mile, as follows
:
Engine
Load.
264
269
296
326
314
1805
lfc96
1897
18P8
1899
Train
Load.
295
308
Car trusts sold
$123,000 00
Refund of advances made for construction
2,011 98
of ClarfleldA Mahoning Ry
From surplus railroad earnings
250.361 99
3fc7
ALLEGHENY & WESTERN RAILWAY.
Reference was made in last years report to a contract
dated 31st January, 1898, for the lease of this line to your
stock.
Company between Punxsutawney, Pa., and New Castle,
The cut-offline between DuBois, Pa., and Stanley, Pa.,
was completed during the year, and its total cost, $80,779 14,
charged to extraordinary expenses and improvements.
This work shortened the main line 22-100 of a mile and
eliminated seven curves, having an aggregate length of
ROAD OPERATED.
1893.
In-
De-
crease.
Mainline owned
Branches owned
Three proprietary roads
Two leased loads
Trackage rights
236 34
236-56
14-50
crease.
-22
Length of road onerated
337-68
165-27
335-95
173
15312
12-15
Total miles of track oper... 502*95
-ISO'O?
13*88
464-07
25-00
23-88
Bidings
16-45
30-93
27-76
26-20
:
Total mi'es laid with steel rails..
Total miles laid with iron rails
The decrease
main
27-76
26-20
1500
owned
1-95
3093
487-95
. .
Pa., to
line
10-00
arises
making the
ratio of sidings to road operated at present time
48-94 per cent, against 45*58 per cent last year.
CONSTRUCTION.
The following amounts were charged
to this account:
$1,621 52
4,153 92
Land and land damages
7,4 99 03
Relaying track with heavy steel rails
9,808 99
New coal trestle— Rochester, N. Y
18,905 52
Picnic grounds— Cascade Park, N. Y
6,386 30
Other stations, buildings and fixtures
1,919 77
New fuel station— Clarion Junction, Pa
12,655 17
Four new water stations
13, 178 56
New round-house, etc.— Elk Run Junction, Pa
8.524 57
Other shops and round-houses
5,715 24
New shop, machinery and tools
3,950 31
MisceUaneous structures
1,540 82
Additional facilities- Buffalo docks and trestle
3,310 66
Sidings and yard extensions
35,295 19
Overhead crossing, Buflfalo Terminal Ry., West Seneca,
N. Y.— one-half cost— balance
2,887 18
Connection with the Alleghenv & Western Ry.— Punxsutawney. Pa
32,645 14
Sundry miscellaneous items
29139
BONDED DEBT.
new bridges— one-fourth
cost
Filling ten trestles— two-thirds cost
Total
During the year $141,000 00 car trust bonds matured and
were paid off. There were issued $123,000 00 bonds of series
Nos. 11, 13 and 14, authorized in former years, making a net
decrease of $18,000 00 in the bonded debt of the Company.
DIVIDENDS.
Dividends of one per cent each on the preferred capital
stock were paid on August 15th, 1898, and February 15, 1899.
Since the close of the fiscal year your Board of Directors
has declared another dividend of one per cent on the preferred capital stock, payable August 15th, 1899.
ROCHESTER & PITTSBURG COAL & IRON COMPANY.
&
&
Iron
of the Rochester
Pittsburg Coal
for the fiscal year, after deducting $63,333 32
bonds that were paid off out of the net earnings, shows a
profit of $207,911 21. against $164,584 32 last year, an increase
of 26-33 per cent, or $43,326 89. Against this profit the Company charged $215,966 76, being the entire amount expended
during the year for mining machinery, buildings, equipment
and development of the mines, leaving a deficit of $8,055 55,
whicn was carried to debit of its Profit and Loss Account.
The operation
Company
$170,319 28
During the year 9 19-100 miles of main track were relaid
with rails weighing 80 and 90 lbs. to the yard, making, exclusive of branches and trackage rights, a total mileage of
235 7-100, or 79*68 per cent of the total road mileage operated now equipped with the heavy rail. The value of the
difference in weight of the new rail over the old was charged
to construction account, and the balance debited to operating expenses.
The new coal trestle at Rochester, N. Y., is nearing completion.
It will provide facilities for the rapid handling of
coal traffic intended for city delivery, and release a large
trackage in the yard now needed for miscellaneous freight.
The improvements at Clarion Junction, Pa., include a new
fuel station, round house and large storage yard.
The cost of the connection with the Allegheny & Western Railway at Punxsutawney, Pa. was largely increased by
the necessity of constructing two bridges and a trestle at
FIRE INSURANCE FUND.
For the past six years the Company has assumed the risk
of loss by fire on a certain class of its property, annually
setting aside for that purpose an amount equivalent to the
premiums that would otherwise have been paid to Insur-
ance Companies.
,
that point.
Castle, Pa.
laid with 103-pound rail and provided with steel bridges and viaducts, and is constructed in
every way with a view of obtaining the greatest possible
economy in operating expenses. The last spike was driven
on the 8th of August, 1893, but owing to the Pittsburg &
Western Railway not having completed the improvements
on its line which our contracts with it call for, it will be
some months before the road will be fully opened for business.
There are extensive coal fields in close proximity to the
line; some of these are now being developed and will furnish
a large tonnage to the road should a market be found for the
The prospects for a gradual increase of other local
coal.
tonnage are also very favorable.
,
Six
New
It
The new road has been
from the straightening of the alignment between DuBois, Pa. and Stanley. Pa.
The branches owned were ir creased 1 95-100 miles by the
extension of the Adrian Mine line.
The siding3 were increased 7-93 per cent, or 12-15 miles,
in
Pa.,
was. however, decided to build at present only 60*05 miles to Butler Junction, Pa., and to acquire
an independent freight terminal at Allegheny City, Pa.
Another agreement was made October 1st, 1898, providing
for the use of the Pittsburg & Western lines between Butler
Junction, Pa., and New Castle, Pa., a distance of 43 54
miles, at an annual rental equivalent to 5% interest on half
the cost of the road used, and a proportion of the cost of
maintenance and operation, based on wheelage; also between Ribold Junction, Pa., and Allegheny City, Pa., a distance of 31-10 miles, at a fixed rate per car.
Of the $2,500,000 1st mortgage bonds authorized, $500,000
are reserved by reason of this arrangement, and can only be
issued should the line be constructed from Butler Junction,
about 98 miles.
66-100 of a mile.
Miles.
$376,273 97
Total
407
These results have been made possible by the liberal policy
pursued in all matters pertaining to the road-bed and rolling
1899.
$376.27397
Following funds were provided to meet these expenditures:
346
Miles.
190,830 41
Total
I
After satisfying all claims the fund now consists of
$49,479 90 in interest-bearing securities and cash.
The thanks of the Board are extended to the officers and
ernployes for their faithful and efficient services.
Statements and statistics of the operation of your road
for the year are submitted herewith.
By order of the Board,
G. YATES, President.
ARTHUR
September
THE CHRONICLE.
1899. J
2,
CHICAGO GREAT WESTERN RAILWAY
COMPANY.
SEVENTH ANNUAL REPORT— FOR THE YEAR ENDING
JUNE 30. 1899.
To the Shareholders:
The Directors, in presenting the seventh annual report
containing the accounts for the fiscal year ending June 30,
1899, again congratulate the proprietors upon the improved
condition of the railway and the better results from operation.
During the year the Company has operated 929 51 miles,
which is the same as in the preceding year, and the figures of
last
year are given for comparison
:
This Tear. Preceding Tear.
The Gross Receipts from
sources have beeD
$
$
Increase.
$
all
5.386,043 79
481,695 99
3,943,516 45
3,777,372 70
166,143 75
Balance over Operating
Expenses
1,924,223 3i
Taxes
204,000 00
1,60?,67109
173.000 00
315.552 24
31,000 00
35,h71 09
5,794 50
284,552 24
518 22
4,063 83
186 12
1,544 55
178 75
33 35
The
Operating
5,867,739 78
Expenses
have been
Net Earnings
1,720,223 33
Gross Receipts per mile
6 312 72
Operating
Expenses per
mile
4.242 58
Taxes per mile
219 47
Net Earnings per mile
1,850 67
Operating Expenses to earnings, percentage
67-21
l,4
7013
30612
Dec.
2 92
The
The
The
The
Gross Receipts have increased 8"94 per cent.
Operating Expenses have increased 442 per cent.
Net Earnings have increased 19'82 per cent.
Freight Earnings have increased $372,889-45, or 9 09
per cent
The Passenger Earnings have increased §99,172'93,'or 9 22
per cent.
The other earnings have increased $9,633 61, or 4*68 p c.
During the months of August, September and October the
earnings were limited by the motive power and cars, which
induced the Company to increase its equipment by the purchase of 12 locomotives, 700 box cars and 4 passenger coaches,
at a cost of $5 5,592 63. The contracts were made just prior
to the advance in prices, thus saving fully 20 per cent as
compared with present prices. The directors now regret
that they did not buy double the amount, as the increased
business now in sight would seem to demand.
The work of improving the permanent way, which was
systematically undertaken several years ago, by reducing
grades and curvatures, making the bridges permanent, ballasting and increasing side tracks, both at intermediate
and terminal stations, has been prosecuted with vigor and
is now in progress.
This work is mostly done by contractors, and about 1,200 men, 8 steam shovels, 20 locomotives,
and 350 cars are now employed in this work.
At the end of th<^ present calendar year, when the work
now in progress shall be finished, the physical condition of
the railway and its equipment will compare favorably with
the excellent condition of competitive lines, while in point
of easy grades and curvatures it will have no superior west
of Chicago.
The purpose of such expenditures is to increase the traffi*'
by reason of enlarged facilities, and to reduce the expense^
of operation, but it is evident tliat such results do not follow
the beginning of the work, but its completion. The reduction of a single grade does not increase the load of the train
until all the other grades, at least upon a division, are corIndeed, the prosecution of such
respondingly reduced.
work offers such obstructions to running trains that its
effect is to increase the cost of operation while the work is
in progress.
For these evident reasons, the beneficial effect of the expenditures did not begin to appear in the operating expenses until the year 1896. Since then the percentage of
expenses to earnings has decreased. In 1895 the percentage
was 77-47; in this year the percentage is 67-21, a decrease in
percentage of 10 26, and it is confidently expected that when
the improvements now contemplated are completed, the percentage of expenses to earnings will be reduced to 60 or less.
It is a matter for congratulation that the work was undertaken, and has been prosecuted during an era of low prices
of labor and material, when one dollar counted for as much
as a dollar and fifty cents at the present advanced prices.
Arrangements have been made to convert the o% Priority
Loan on the 1st day of next January into 4^ Debenture
Stock, and thereafter at or before maturity, as opportunity
offers, to convert the Equipment Lease Warrants, and the
various outstanding loans on terms which it is estimated
will result in a saving in interest of $91,218 per annum.
For the fiscal year two semi-annual dividends of 2% each
(making 4^ for the year) have been paid upon the Preferred
Stock A, leaving a surplus as the accounts are stated of
$9,154 41.
It will be remembered, however, that when the property
was taken over by the present Company, in 1892, the new
Company had to face the problem of renewing all the ties
and wooden bridges in about four or five years, which, as the
life of ties and wooden bridges is from eight to ten years,
made an annual expenditure for these items of about double
the normal amount.
To meet this emergency, a system was adopted of charging
the actual expenditures to a renewal account in suspense,
and debiting to operating expenses, and crediting to these
renewals in suspense accounts a percentage of the Gross
Earnings. By this means a debit suspense account was
created, the debit balance being in the 1897 report $190,353 48, and in last year's report $183,228 73.
By pursuing the same system, there has been debited to
Operating Expenses in the present year, and credited Renewals in Suspense Accounts $123,175 46 more than has
been expended, and by crediting in addition the earnings in
excess of distributions of the two years 1897 and 1898, the
debit balance is reduced in this report to $44,671 13, a reduction of $139,557 60 for the year. It is expected that at the
end of another year the balance will be on the credit side of
the balance sheet.
The district served by the line has a bountiful harvest
which promises an increased tonnage, and the completion
of improvements promises a lower percentage of Operating
Expenses, both of which are conducive to increased net
earnings available for dividends.
By order of the Board of Directors.
A. B. STICKNEY. President.
INCOME ACCOUNT FOR THE YEAR ENDING JUNE
Operating Expenses and Taxes
Rental CWcago Terminals
Rentals Des Moines Terminals
Rental Dubuque Bridge
Rental of Leased Lines
Interest on
$4,147,516 45
$186,620 64
11,115 83
197,736 47
$30,000 00
135,470 75
Interest on C. St. P. & K. C. 5 per cent
Sterling Priority Loan
Interest on this Company's proportion
as joint owner of the Bonds issued by
theSt. Paul Union Depot Co
Interest on this Company's proportion
as joint owner of the Bonds Issuedby
the Minnesota Transfer Railway Co.
Interest on Sterling Loans for capital
improvements
Internal Revenue War Taxes
30, 1899.
Freight Earnings
Passenger Earnings
Mail Earnings
Express Earnings
Rental Earnings
Miscellaneous Earnings
$4,475,406 15
1,175,018 71
102,45119
84,000 0»
8.55001
22,313 72
$5,867,739 78
165,470 75
Equipment Lease War-
rants
501
$86,970 13
141,157 50
3,770 98
6,700 00
147,491 87
9,873 22
Surplus over all charges prior to Debenture Stock
394,963 70
962,052 41
$5,867,739 78
$5,867,739 78
There have been paid two semi-annual dividends of 2
per cent each on the 4 per cent Debenture Stock,
amounting to
The Dividends on the $6,500 Debenture Stock, issuable
under plan of reorganization in exchange for First
Moi-tgage Bonds have been provided for, amountingto
There have been paid two semi-annual dividends of 2
per cent each on the 5 per cent Preferred Stock A
The Dividends on the $7,800 Preferred Stock A, issuable under plan of reorganization In exchange for
First Mortgage Bonds have been provided for,
amounting to
Surplus (Credited to Renewal Funds)
Surplus over
all
charges prior to Debenture Stock.
$962,052 41
$497,742 00
26000
454,584 00
312 00
9,154 41
$962,052 41
$962,052 41
There has been debited to Operating Expenses, and credited to Renewal Funds in excess of expenditures during the year, $123,175 46,
making the total surplus of earnings above all expenditures, including rentals. Interest and dividends for the year, $132,329 87.
THE CHRONICLE
502
[TOL, LXIX.
GENERAL BALANCE SHEET, REVENUE ACCOUNTS. JUNE
30, 1899.
Current Accounts Payable.
Temporary loan to capital acooiiuts..
Sundry suspense accounts, Dr
Sundry suspense accounts, Cr
$211,778 18
$101,944 13
57,273 00
44,671 13
CCBRENT Accounts Receivable.
Due from
Due from
Due from
agents and conductors
$145,442 64
182,«23 22
80,196 24
9,673 50
4,331 11
99,469 87
S38,299 5R
10,005 85
individuals.
other railway companies ...
Interest accraed on securities owned..
Bonds Minnesota Transfer Ry. Co
Cashonband
Supply of fuel and material on hand...
Cash in suspended banhs
Transfer Ry
Rental accruing to Northern Pacific
Ry. Co
Taxes accruing, estimated
Payrolls
Vouchers
Coupons on C 8. P. & K. C. Ry. First
Mortgage Bonds, unpresented
Mileage tickets outstanding
Insurance collected not expended
Interest maturing on Sterling Loans
$2,833 34
17,9'«649
98,32092
266.618 09
622,266 91
.
75 00
3,655 64
7,074 09
57,320 1
$1,076,151 30
870,241 99
Deposited in London, to pay
Interest on Sterling Loans
Interest maturing on bonds Minnesota
$16,640 00
Dividend payable July 15, 1899, on 4
rer cent Debenture Stock
Dividend pavable Julv 31, 1899, on 5
per cent Preferred Stock "A"
$250,254 00
227,292 OO
477,546 00
Dividend on 4 per cent Debenture
Stock, payable July 15, 1899
Dividend on 5 per cent Preferred
Stock "A." payable July 31, 1899..
229,262 00
18 ',104 00
-,006 00
Depoi-ited in London to pay dividends
from Jan. 15, 1893, to July 31, 1899.
on 4 per cent Debenture Stock and
on 5 per cent Preferred Stock "A,"
yet issuable in exchange for First
Mortgage Bonds
2,132 00
Dividend due Jan. 15, 1893, to July
15, 1899, on 4 per cent Debenture
Stock, not yet issued, but Issuable
under plan of reortcanization, in exchange for First Mortgage Bonds ...
Dividend due Jan. 31 atd July 31,
1899, on 5 per cent Prefeired Stock
"A," not yet issued, but Issuable
under plan of reorganization, in exchange for First Mortgage Bonds
$1 ,820 00
312 00
.
2,132 00
$',555,829 30
$1,555,829 30
W.
GENERAL BALANCE SHEET, CAPITAL ACCOUNTS. JUNE
•'
B"
..t
54,378,094 02
$1,179,217 99
966,723 63
70,00000
388,477 80
Ry. Co
AV.
•
$2,823,150 00
186,060 00
$4,248,351 43
$13,470,e00 00
Four percent Debenture Stock
143,852 99
Four per cent Debenture Stock Scrip.
in
Treasury
21,100 00
1,336,377 99
Our
Our
interest in Kansas City elevator.
interest in Chicago Union Transfer Ry
All thp stock of DeKalb & Great West-
ern
5% Sterling Priority Loan, C. St. P.
K. C. Ry. Co
7% Equipment Lease Warrants, C. St.
P.
K. C. Ry. Co
6% Equipment Lease Warrants, C. G.
W.Ry.Co
5% Equipment Lease Warrants, C. G.
<fe
$4,941,715 06
^Treasury
Four per cent Preferred Stock
Auditor.
LIABILITIES.
$2,632,576 59
2,309,138 47
Cost of Road, including Terminals, to
June 30, 1899
Four per cent Debenture Stock atd
Scrip in Treasury
Five per cent Preferred Stock "A" in
BEND,
30, 1899.
ASiiETS.
Cost of Rolling Stock owned
Cost of RolliDg Stock leased
B.
$15,000 00
56,69444
6%
Ry
Ill,7.'i3
63
Stocks of other companies
Cash with London Finance Committee
Cash loaned on demand
Accounts Receivable
Sterling Loan,
£200,000
$969,696 96
1902
£100,000
Gold Notes, due in 1903
Sterling
£185,625
U. S. Currency
$200,000
484,848 46
6%
Sterling Loan,
99
00
00
00
due in
1901
183,448 07
568,378 90
13,614,352
11,364,600
7,489,190
21,238,045
Five per cent Preferred Stock A
Four per cent Preferred Stock B
Common Stock
due in
5%
'.65,633 53
50,000 00
58,737 27
1,100,000 00
274,375 85
5%
Gold Notes, due in 1904,
Sterling
£l.='2,fi00
U.S. Currency. . .
.
$27,000
768,333 30
3,322,878 72
243,193 57
Accounts payable
Temporary Loan from Revenue Ac211,776 18
counts
$61 732,389 89
$61,732,389 89
Note.— In
amount of Stoelcs shown as outstanding there
outstanding (see Table IX):
Four per cent Debenture Stock
Five per cent Prei erred Stock A
Common Stock
which as issued will be charged to cost of the property.
Co.,
addition to the
which are
is
issuable, in
exchange for securities of the
C. St. P.
& K.
C.
Ry.
still
$6,500 00
7,800 00
188,675 00
R. C.
linion Steel & Chain Co.— Ojitiovs.— The following official
statement is publii-hed of the properties upon which options
are held. It includes Bessemer converters and open hearth
steel furnaces, 6; ore mines, 4; coking and steam coal mines,
4; blast furnaces. 15; rolling mills, 30; chain andiron works,
The
19; total, 78.
properties are:
New
WIGHT,
Auditor Capital Accounts.
&
Steel Co., New Philadelphia, O.: North Flat
Virginia; A. J. O'Leary Chain Works, Chicago,
Pa.; Pocahontas Coking
111.; Theodore Oliver rolling mill, Easton,
Coal Lands; Princess Furnace, Glen Wilton, Va.; Roaring Run Iron
Property, Roaring Run, Va.; Saxton Furnaces, Saxton, Pa.; Sheffield
Rollins Mill. Sheffield, Ala.; Spring Valley Furnaces, Spring Valley.
Son, Richmond, Ind.; Sunbury Iron Works, SunWis.; W. C. Starr
bury, Pa.; Treat Manufacturing Co Hannib.al, Mo.; David Ward, New
River Coking Coal Lands, Detroit. Mich.; Wellston Iron & Steel Co.,
Wellston, Ohio; West End Chain Works, Lebanon, Pa.
Philadelphia Iron
Too Coal
Fields,
West
&
,
Allentown Rolling
Anollo, Pa.;
AUentown, Pa.; Apollo Sheet Iron Mills,
Auburn Iron Works. Auburn, N. Y.; Berlin Iron Works,
Glen Iron, Pa
Mills,
Big i-tone Gap Furnaces, Big Stone Gap, Va.; Bower
plant, Carlisle, Pa.; E. G. Brooke Iron & Steel Co.,
Birdsboro, Pa.; Cady Creek Iron Mine (1,500.000 tons in sislit).
Spring Valley, Wis.; Cambridge Iron & Steel Co.. Cambridge, Ohio;
Carr, J. B. Co., Chain Works. Troy, N. Y.; Chatham Furnace, Chatham,
N. Y.; Champion Iron Company, Kenton, Ohio; Cherrv Valley Iron
Works, Leetonia, Ohio; Cliicago Chain Works. Chicag>, ill.; Clevtland
Steel Co., Cleveland, Ohio; D. S. Cook Ore Mines, Glen Wilton, Va.;
Connellsville Coke Lands, 1,000 acres; Crum Lynn Iron & Steel Co.,
Cruni Lynn, Pa.; Davis & Farnuui Mfg. Co., Waltham. Mass.; Dennison Rolling Mill, Dennison. Ohio; Denver Rolling Mill. Denver, Col.;
Dresden Iron & Sheet Steel Co., Dresden, Ohio; J. A <& P. E. Dutcber,
Milwaukee, Wis.; Ell's &, Lessig Steel & Iron Co,; Pottstown, Pa;
Fannie Furnace. West Middlesex, Pa.; Giliuan Ore Mines (700,000
tons in sight). Spring Valley, Wis.
Harriman Rolling Mill, Harriman. Tenn.; P. Hayden Saddlery Hardware Co. and Rolling Mill &, Chain Works. Columbus, O.; Hollidaysburg Iron it Nail Co., HoUidaysburg, Pa Hussey, Bitins & Co., Pittsburg, Pa.: Jefferson Steel & Mfg. Co., Birmingham. Ala.; Jeffrey Manufacturing Co., Columbus, Ohio; C. P Huntinirton, Kanawha Coal &
Coke Lands; Kankakee Superior Horse Nail Works, Kankakee, 111.;
Kanf as City Bolt & Nut Works, Kansas City, Mo.; Kinsley Iron &
Machine Co., Canton, Mass.; Knoxville Iron Company, Knnxville,
Tenn.; Lebanon Chain VVorbs. Lebanon, Pa.; Lebanon Manufacturing
Co., Lebanon, Pa; Marshallton Iron & Steel 'Co., Marshallton, Del.;
Mlesaba Ore Mine; McCoy & Linn blast furnace, rolling mills, chain
works, Milt sburg. Pa.; National Steel Casting Co., Montpelier, Ind.;
;
& Mallory, chain
;
Some of the options have already been closed, and the promoters claim there is no doubt of the consolidation taking
place.— V. 69, p. 286.
Wheeling (West Ya.) Steel & Iron Co.— Called BondsNew Loan The company has called for redemption on Nov.
1, 1899, at the Wheeling title & Trust Co. all of the outstanding bonds secured by mortgage Nov. 1. 1892, being
the bonds numbered from 196 to 900. Bondholders who
may desire to exchange the bonds for new first mortgage 5
per cent bonds of the company at par should make early
application at the office of the company. F. W. Bowers is the
company's Secretary, office at Wheeling.
—
—
The attention of trustees, private investors and corporations subject to the payment of taxes is called to the offering
St. Paul preferred stock by Jacob
of Chicago Milwaukee
Rubino, 3 Broad Street. This seven per cent stock will
the security is
yield at the price offered four per cent net
undoubted, and the income is not subject to taxation, as in
the case of bonds.
&
;
SEPTfcMBER
THE CHRONICLK
2, 1899.]
603
COTTON.
Night, September
J^BiDAi^
COMMERCIAL EPITOME.
Friday Night, September
1,
1899.
General prosperity has continued to be experienced in the
commercial markets. The movement of merchandise into
t e channels of consumption, as a rule, has compared favor,
ably with previous seasons at this period of the year. Furthermore the fact that the general tendency of values has
remained in favor of sellers emphasizes the favorable nature
of the business situation. Crop prospects have been generally favorable, the fall of needed rains in the Southwest being
especially beneficial for the cotton crop. The Transvaal
situation has continued to receive close attention in business
centers, both in Europe and this country, and the outcome is
anxiously awaited.
Lard on the spot has continued to meet with only a very
moderate sale, as both exporters and refiners have been slow
in making purchases. There has been, however, no pressure
of supplies on the market, and values have held fairly steaciy,
closing at 5 55c. for prime Western and 5 250. for prime City.
Refined lard has been in moderate demand and steady, closing at 5*75c. for refined for the Continent. Speculation in
lard for future delivery has continued quiet. The tone has
been easier, in sympathy with a decline in the grain markets
and lower prices for swine. Changes in prices, however,
have been unimportant.
DAILY CLOSING PRICES OF LARD FDTURES.
Sat.
Mon. Tues.
Wed. Thura.
4-450.
4 45c.
.Tan
Feb
4-75C.
4-800.
May
July
evening the total receipts have reached 64,831 bales,
against 28,795 bales last week and 15,006 bales the previous
week, making the total receipts since the 1st of Sept., 1859,
9,821 bales, against 11,396 bales for the same period of
1898, showing a decrease since Sept.l, 1899, of 1,575 bales.
at—
Receipts
5-OOc.
5-lOc.
Raw sugars have been in moderate demand; offerings have
been light and prices have held firm at4i^c. for centrifugals,
96 deg. test, and 3 15-16c. for muscOvado, 89-cleg. test. Refioed sugars have been in fairly active demand in the way of
withdrawals on contracts; prices have been steady at 5)^@
5 5-16c. for granulated. Pepper has been in fairly active demand and higher, prices advancing on prospective short supplies. Other staple groceries moderately active and steady.
Kentucky tobacco has been in fairly active demand and
firmer. Seed leaf tobacco has been in good demand at advancing prices.
Sales for the week 4,825 cases, including
250 cases 1897 crop, Pennsylvania seed leaf, 113^@12J^c.; 150
cases 1898 crop, Dutch, 13@15c., and 1,050 cases 1898 crop,
Zimmers, 113^@l5i^c &c., &c.; also 600 bales Havana at
80@92J^c.in bond and 22 5bales Sumatra at 80c.@$l 60 in bond.
The market for Straits tin has been somewhat unsettled.
The tone was firmer early in the week; then came a decline,
reflecting weaker foreign advices.
Subsequently, however,
foreign markets turned stronger and local values improved.
Bapiness has been moderately active. Tae close was firm at
31 70@32c.
Ingot copper has been in fair demand and firm
at 'S%<i. for Lake.
Lead has been in moderate demand and
steady, closing at 4-62i^@4'65c. Spelter has been quiet and
unsettled, closing firm at 5 50@5'60c. for domestic. Pig iron
has continued in good demand at advancing prices, closing
,
00@22 00 for domestic.
Refined petroleum has advanced, closing at 8 25c. in bbls.,
5-75 in bulk and 9'50c. in cases.
Naphtha steady at 10c.
Crude certificates have been steady credit balances have
been advanced to $i,35. Spirits turpentine has had only a
at $18
;
limited sale and prices have weakened, closing at 473.^@48c.
Rosins have been qniet but steady at $1 273^@ 1 30 for common and good strained. Wool has been in better demand
and firm. Hops have been quiet but about steady.
Mon.
Sat.
Wed.
Tuet.
Thurt.
Fri.
Total.
Ualveeton
Tex. Olty, &o.
3,968
5,613
4,436
6.520
4,191
3,009
27,737
New Orleans...
851
70
3,033
2,262
1,780
3,344
263
554
174
69
682
139
203
813
2,824
1,891
1,515
2,644
2,422
2,546
11.409
1,338
3,104
12,233
340
888
177
601
500
789
927
3,722
160
137
472
86
694
143
1,692
91
181
318
92
978
78
1,733
5
31
11
1
314
243
126
36
742
350
223
580
6,352 12,981 10,111 11,082 14,484
9,821
64.831
Mobile
Pensacola, &c.
Savannah
Bransw'k,<&o.
Charleston
Pt. Royal,&o.
WUmlngton....
Wa8h'ton,&o.
Norfolk
N'p't
New York
Boston.........
47
Baltimore
PhUadel'a, &o..
7
S
500
News, Ac.
week
Tot. this
at 6^c. Lard stearine has been unchanged and steady, at
%%G. for prime City. Cotton seed oil has been quiet and
easier, closing at 253^0. for prime yellow on the spot.
Butter has been well held for desirable grades, but demand has
been qniet, closing at 163^@21c. for creamery. Cheese has
been sparingly offered, and with a moderate demand prices
have advanced, closing at 9@llJ^c. for State factory, fall
cream. Fresh eggs have been in fair demand and higher for
desirable grades, closing at 17c. for choice "Western.
Brazil grades of coffee have had a better distributing sale,
and at steady prices. The market for invoices, however,
has b en quiet, as both jobbers and roasters have been slow
to make purchases; prices have been unchanged at 5%c. for
Rio No. 7 on the spot. West India growths have been in
limited demand for the better grades, and steady, closing at
1%@%]4q. for good Cucuta. Speculation in the market for
contract has been moderately active at steady prices. There
has been fair buying of the near-by deliveries, attracted by
the low prices ruling.
Following are the final asking prices:
Sept
4-40C. Dec
4-700. March
4-90c.
Oct
1899.
tils
Fri
Auguat
5-60
5*55
September
5-60
560
555
5-55
Pork has been quiet, but values have held steady, closing
at $8 87i^@9 75 for mess, $11 50@11 75 for family and $10 25@
12 00 for short clear. Cut meats have sold slowly, and prices
have been weaker, closing quiet, at 53^@6c. for pickled
shoulders, 9%@lQ}4c. for pickled hams and ^%@^%c. for
pickled bellies, 14@10 lbs. average. Beef has been well
held, but business has been quiet, closing at |9 00@9 50 for
mess, $10 00@10 50 for packet, $10 50@11 00 for family and
$14 00@14 50 for extra India mess in tierces. Tallow has
been quiet but the tone has held firm, closing at ^^^c.
Oleo-stearine has had a limited sale at steady values, closing
Nov
1
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
The following shows the week's total receipts,the total since
and the stock to-night, compared with last year.
3pt>l, 1899,
1899.
Seeeipti to
Sept. 1.
Thit
week.
1898.
Since Sep.
1, 1899.
27,737
Tex. C&o.
New Orleans 11.409
Mobile
1,S38
P'sacola, &o.
3,104
Savannah... 12,233
Br'wlok,&o.
500
Charleston..
3.722
3.009
aalveston...
Thit
week.
Stock.
Since Sep.
1, 1898.
1898.
1899.
19,196
7,164
21,603
27,521
5,237
736
90
126,405
8,290
57,634
5.620
10,958
......
139
208
355
...•
2.422
2,546
3.843
2,011
17,338
927
952
225
9,315
3,850
-•a.
•
715
P.Royal,<ko.
......
Wilmington.
Wash'n, Ac.
Norfolk
N'portN.,&c
1,692
143
190
80
10,464
5,983
1,738
78
1,132
616
15,143
4,077
New York...
36
742
126
1,178
441
580
223
67
64,831
9,821
82,250
Boston
Baltimore
•
Totals
.
•.••...
100
33
150,821
4,030
3.000
4,581
52,395
4,030
1,500
2,588
11,396
374,675
176.126
.
Philadel.Ao.
>•
may be made with other years,
totals at leading ports for six seasons.
In order that comparison
we give below the
^eceiptt
at—
Oalve8'n,Ac.
New Orleans
Mobile
1899.
1898.
1897.
1896.
19,196
5.237
Wllm'ton, Ac
Norfolk
27,737
11,409
1,338
12,233
3,722
1,692
1,738
N. News, Ac.
All others...
4.962
1,345
414
128
79
495
wk.
64,831
32,250
Binoe Sept. 1
9,821
11,396
Savannah
. .
Ohas'ton, Ac.
Tot. this
42,357
27.537
3.428
20.648
10.200
6.179
5.684
193
22,144
20,167
1894.
13,994
7,983
3,575
6,515
329
828
3,431
10,''96
3,309
664
677
35
16
71
444
50,271
116,890
15,093
33,3 6
20,510
62 207
13,802
38,396
355
469
3,843
4,80)
1,566
952
190
1895.
1,132
552
689
15
630
The exports for the week ending this evening reach a to- a
of 37,811 bales, of which 15,707 were to Great Britain, 2,090
to France and 20,044 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1899
I
*Vtik
Mxvortt
from—
BnAint Sept. 1.
Exported u>—
Qreat
ContiFrance
BriVn.
nent.
(ialreston
Tex. City. 4o..
New Orleana.
Mobile
Pensaoola
Savannah
Brunswick
5.847
3,040
lotal
Great
Wuk.
Britain.
9,877
9.877
3,351
10.641
2.422
Sevt. 1, 1899, to Sept
.
1.
1890.
Fheportsd to—
•
082
From
1899.
-
•
Ftance
Continent.
1.413
lotai.
1.113
1,796
1.796
•
i?,122
3.10J
2,123
—
Charleston....
Port Royal.
Wilmlnjrton...
. .
...
.
Norfolk
N'port N.. 4c..
5.261
New York
3.042
Boston
Baltimore
1.246
236
6,251
50
• >
>>
8,839
4S
1.291
1.507
1,713
5.931
Philadelphia.
1
San7Tan.,4c..
Total
Total. 1898....
15,707
25.693
2.090
650
20.014
5.172
37.811
1.796
8.835
8,631
31,815
9.913
3.010
12.9-23
THE CHKOJVJCLE
,50*
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special use by Messrs.
Limbert & Barrows. Produce Exchange Building.
We
Great
Britain. France. Foreigix
New Orleans...
691
356
Galveston
1,400
1,439
Savannah
None.
None.
None.
None.
None.
None.
None.
None.
Charleston
Mobile
Norfolk
New York
Other ports
4.900
350
2,0W
None.
ttock
Coastwise.
Othr.r
None.
None.
2,796
None.
None.
None.
2,500
2,100
1,000
None.
None.
11,604
8,788
1,000
None.
114,801
15.815
16,338
9,315
None.
290
2,500
7.350
3,000
;
"
•
8
17,083
6,023
34,242
340,433
Total 1898.
Total 1897...
8.748
5,135
475
9.017
2.502
3,050
1,S98
21,290
12,665
154,836
74,332
0^03
I
Speculation io cottoQ for future delivery has been moder
ately active, but the tendency of prices has been towards a
lower basis. The crop prospects in the Mississippi Valley
and east of the Misns-ippi River have been more favorable,
as good rains havd been reported over this section of the
couatry. Daring the latter part of the week the drought in
Texas was repartei brokea in great part by the fall of
needed rains. As a consequence of the prolonged dry spell
experienced in the Southwest, picking made considerable
progress, with the result that the past week the supply
of cotton coming into sight has shown a considerable increase.
With the increased movement of the crop tha
Southern markets have shown a weaker tone, and there have
been freer offerings from the South to the local and foreign
markets. As a result of the increased offerings from the
South, although at prices too high to admit of extensive
business, the foreign markets have been weaker, and there
has been considerable speculative selling in the local
market for foreign account. The reported rains in Texas
also prompted considerable selliog by longs to liquidate
their accounts. To-day there was a slightly better tone to
the market. Weatber conditioas in the cotton belt were
generally favorable, but as the pressure to sell had sub
sided, and there was moderate buying by shorts to cover
contracts, prices advanced, and the close was steady at a
net gain in values for the day of 6@8 points. Cotton on the
spot has been quiet; prices declined l-16c. on Thursday, but
to-day the market was 116c. higher, closing steady at 634c.
for middling uplands.
The rates on and off middling, as established Nov. 16, 189S,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Fair..........
..o. l^on Good Ordinary
cliigofl
MlddUng Fair
'son Good Middling Tinged
Even
»« on Strict Middling Stained.
Strict Good Middling
'32 ofi
Good Middling
38on Middling Stained
'jg ofl
Low Middling
T,ow Middling....
Low Mid. Stained... 1 ofl
Low Middling Stained
l^soP
\s off
"Jigoff
Strict
Good Ordlnarv
%oflf
On this basis the official prices for a few of the grades for
the past week Aug. 26 to Sept, 1 would be as follows.
Strict
—
—
UPLANDS.
Sat.
Good Ordinary.
53)8
5i3je
Low Middling..
mon Tae8
53,
513,6
Good
Middling..
6B8
7i«
688
Middling Fair...
GULF.
Sat.
Good Ordinary.
Low Middling..
Middling
57,6
Good
6"'8
Middling.,
Middling Fair..
738
STAINED.
Low
Sat.
Middling.... ......
658
7I8
mon Tnes
MlddUng
Good Middling Tinged.
Strict
\ired TIi.
53] rt
6118
738
738
5%
658
7I8
69i6
7I16
HHTed
6I4
Frl.
53i6
5i3ie
658
7%
Tb. Frl.
538
6I18
mon Tues
4^8
5^8
5i3ie
S'^16
6iifi
4^8
5is,«
6I32
6I4
Middling
53,8
513,6
en
Middling
6ifl
6
67,«
6''8
613,(
738
76i«
678
738
Xfed Tb. Frl.
4^8
513,8
6132
614
413,8
5%
531si
63,
4^8
513j6
6132
en
The quotations for middling upland at New York on
Sept, 1 for each of the past 32 years have been as follows.
1899. ...0. 6I4
513,6
1898
713,6
1897
1896
83,8
1895
83,8
6^8
1894
1891. ...o. 87,6
1883. ...0.1018
1875.. -.0.1468
1678
1882
.1278
1874
20i«
Ilia
1881
I214
1873
1078
1888
1113,6 1872
22
1880
1887
10
1218
1988
1879
1871
1979
1886
93,8
1878
123,6
1870
IOI4
71.=,
1893
1885
11
1877
1869
35
30I2
7ie
1015,6 1876
1178
1892
1884
1868
Note.— On Oct. 1, 1874, grades of cotton asq noted were changed.
According to the new classification Middling was on that day quoted
38C. lower than Middling of the old classiUcation.
MARKET AND SALES.
1890
1889
Spot Market
OLO8ED.
11
FCTDRES
Market
Closed.
Sales of Spot
Export.
•
& Oontrao
Oon-
Con-
sump.
tract.
Total.
®
I
05 05
2,145
Btrlot
S"* 2 o g w © g g o g a o g g o I ^ o g g og 3 S-E
B®lP(i>|B(i>-B(iiWBaitdB<rtdd<sKB<i5t3
tn.
opu
Sw!
Ww;
2*5
W»J; H»J; houj
••
ta
••H>i««SO<tM.*|.t^.
11
«l|(l'llltlY*l
ilSv.
«l
web
too
web
QDM
8,991
3,130
7<
OiOl
12.«43
143.471
19,760
Total 1899...
.
aa
Q«!
••
•
I
•
(J<5
Wednesday
Steady
Firm
B'rl.v
steady.
Steady
Thursday.. Quiet at 1,6 dec Quiet
Friday
Quiet at 1,8 ady.jSteady
Total.
i^ulet
494
.^00
885
1.879
•
•
,_j
ObO^
WW
•
I
•
t_i
05 05
WW
WW
I
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"
•
•
I
•
•
05 05
WW
tow
05 01
to to
lb
WW
8)
I
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•
C505
05
tc to
4. C>»
to to
-^
M
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m05
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2.S
519
115
75
850
115
75
50
300
267
100 1,262
885 14,900 15,785
1.417 15.3ro 18,596
'
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05
o
bUPPLY OF lyOTTON to-nigut, as made up by
d
w
,
<
1
I
I
1
1
'<-
The V isiBLE
cable and telegraph, is as follows. Continental stocks, as well
as those for CJreat Britain and the afloat, are this week's returns, and consequently all European figures are brought down
to Thursday evening.
But to make the total the complete
figures for to-night (Sept. 1), we add the item of exports from
the United States, including in it the exports of Friday only.
1896.
1897.
1898.
1899.
Stock at Liverpool
790,000 487,000 492,000
bales. 890,000
3,000
3,000
Stock at London
5,000
^9,000
Total Great Britain stock
899,000 795,000 490,000 48. ,000
32,000
Stock at Hamburg
2u,000
1^,000
32,000
Stock at Bremen
88,000
74.000
184,000 152,000
6,000
Stock at Amsterdam
1,000
1,000
3,000
iOO
i;oo
Stock at Rotterdam
'iOO
300
13,000
Stock at Antwerp
2,000
9,000
4,000
140,000
Stock at Havre
82,000
140,000
161,000
6,000
Stock at Marseilles
5,000
6,000
4,000
57,000
Stock at Barcelona
53,000
57,000
94,000
20,000
Stock at Genoa
32,000
25,000
27,000
14,000
36,000
Stock at Trieste
19,000
25,000
4iv*,S00
^98,200
Total Continental stocks . 534,200
282,200
Tetal European stocks
1,433,200 1,?24,300 772,200 883,200
India cotton afloat for Europe
26,000
20,000
23,000
37,000
Amer. cotton afloat for E'rope.
51,000
36,000
54,000
72,000
Egypt, Brazil,<fec.,aflt.for.E'pe
14,000
9,000
13,000
12,000
86,997 2i9,344
Stock in United States ports.. 374,675 176,126
125,8V:7
101,730
Stock In U. 8. Interior towns.. 242,78.'S
49,890
13.01 4
3,674
United States exports to-day..
10,204
7,755
Total visible supply
2,149,864 1,631,911 "982,761 1,367,385
Of the above, totals of American and other descriptions are as follows:
American—
816,000 710,000 376,000 357,000
465,000 367,000 217,000 2»0,000
American afloat for Europe.
72,000
36,000
51,000
54,000
374,«7t
United States stock
176,126
86,997 259,344
United States interior stocks. 242,7a5
101,730
49,^90 125,827
7,75.=>
13,014
10,204
3,674
United States exports to-day..
Total American
1,962,664 l,434,oil 76t»,5dl 1,0S6,185
East Indian, Brazil, <tc.—
Liverpool stock
111,000 125,000
80,000
74,000
3,000
London stock
}<,000
5,000
3,000
...
118,200
Continental stocks
62,dOO
69,200
26,000
20,000
India afloat for Europe
37,000
23,000
14,000
9,000
13,000
Egypt, Brazil, Ac, afloat
12,000
Total East India, <fec
19 ,300 213,200 281,200
1»7,200
Total American
769,561 1,086,185
1,^62,664 1,434,611
Total visible supply
982,761 1,367,385
2,149,864 l,6il,911
3ll3,^d.
31B.,2d.
Middling Upland, Liverpool..
4-'^32d.
4\j2d.
6I4O.
Middling Upland, New York..
7580.
»^0.
513,60.
6i4d.
51, „d.
Egypt Goocl Brown, Liverpool
5»(,d.
4^,fcd,
Peruv. Rough Good, Liverpool
678d.
OHd.
died.
6'ed.
4i4d.
41. od.
Broach Fine, Liverpool
3'^32d.
39, hd.
4^d.
47,6d.
Tlnnevelly Good, Liverpool.
35,6d.
3»32d.
I^* The imports into Continental ports the past week have
been 12,000 bales.
The above figures indicate an increase in the cotton in
sight to-night of 517,953 bales as compared with the same
date of 1898, a gain of 1,167,103 bales over the corresponding
date of 1897 and an excess of 782,179 bales over 1896.
Liverpool stock
(Continental stocks
bales.
. .
.
Saturday .. Quiet.
Monday.. Quiet
Tuesday ... Quiet
of
Total.
727
9,830
3,153
1.000
None.
Ba
«)
and closing prices
in the following table.
lowest
highest,
"•
•
<i
•
•
• •
! •
«
Leavi'tf^
— rhe
New York are shown
o g 5o g H o g
D<s
ON SHIPBOABD, NOT OLBARBD FOR—
Sept. 1 at
FuTUKES.
Futures at
[Vol. LXIX.
September
THE CHRONICLE.
2, 1899.]
At the Interior Towns
movement —that is the receipts
the
week and since September 1, the shipmente for the
week and the stocks to-night, and the same items for the
corresponding period of 1898— is set out in detail below.
for the
SOW
505
Quotations for Middling Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week,
Week endina
Sept. 1.
OLO8INO QUOTATIONS FOB MIDDLING OOTTON
Satur.
Mon.
Tues.
Wedne$.
Thurs.
cs—
Fri.
SB
a B * B
p'g&oCNS2.o''§S
B
B
B
*
B
fS
On
B-
O
,
Galveston.
New Orleans
.
S>(R
9
M
Mobile
Savannah...
H
O
m
Charleston.
Wilmington.
Norfolk
Boston
Baltimore
09
o
w
»•
.
00
:
w
5s
.
>
ng<
«g:
•
:
*
.
*
Philadelphia
!
•
OD
Augusta
I,,
•
•
Memphis....
St. Louis
Houston
MOi'
k-"
M(-«QO'
<li(^'
tola
Vll^'o;
towifkOL;
OOMtOXOJteWOOtOl-'OtOi
C» «>
ojoi".-!
-M
loM
ocDcotoiooji^eotowtnia<; oto
CMWWM
Ml-'
C(5tO
MVii-ita*^os.«q
Cincinnati
.
Louisville...
wi-iowcooo
6^
6^
S'Bie
538
51316
51116
5'8
613
614
515i6
588
513i8
511,6
5^8
51.5,6
6^
6H
6^
6H
§l8
6l6
6ifl
6>3
6ifl
6ifl
6i«
51618
516,8
6ifl
6
6
6
6
6i«
6i«
6^
fie
6ifl
638
51^16
558
578
51518
51516
5%
5%
6
6
6'*,.
5''8®15l6
51518
5^8
6
616
510,6
5^
5%
558
6%
61a
^J^8
5l5je
6%
515,6
5B8
5S8
^59
6^8
61a
5i3ia
538
558
5I3
§'8
6
6
6I4
61^
67,,
6I4
6I9
61s
513, ^®78
l'8
6
6iie
S'^s
S-'s
515,8
S-'e
5''8
fbs
5^8
6
6ifl
618
OOJWk^CrCOOO
•
Weather Reports by Telegraph.— Reports
to us by teleBain has
this evening are somewhat more favorable.
fallen in many districts during the week, but in portions of
Texas the drought is as yet unbroken. Picking is in progress
graph
<j>
M
oiMO'
to
CO
if^ta-
»
to
CO
O to U<
)F^
to
K>',
eowwos;
01-
MtClf'OD^J'
O
l^WC0«>Ul(^
atti',
1
«< OS ^""h- — CK
yi^co — QEOD
tOWOSOO;
to-
(SWi aooctotsibo-aooaoco.
generally and is being rapidly prosecuted. The marketing
of the crop is on a very liberal scale for so early in the season.
Oalveston, Texas.— There has been rain on three days of the
past week, the rainfall being one inch and ninety-six hundredths. The thermometer has ranged from 68 to 93, averaging 81. Month's rainfall one inch and eighty- four hundredths.
Breyiham, Texas.
have had rain on one day during the
week, to the extent of thirty hundredths of an inch. Average thermometer 84, highest 99, lowest 68. Month's rainfall
thirty five hundredths of an inch.
OOSOWOlk-W
WtSWMCOU
^t0<]O
— We
K)<ltKl^OOVOt-'l3:>W<X)<lVJl(X)''ii>^t9Vt
to
M >-" M" toitk'co
CTMOto'to
^(J*
MCE, tooQo>-05to*» — tofMOi", ctol to<itoaD
Ot3>
^:
«•
(-co;
oco-
yO
:
"to;
Ml—;
o-a.
CO-
;
'
M
Is
coo-
u«
v o to vi v o <x
^
>U —
ooso
CO
mo
•oocn
eo;
Columbia, Txas.
l-iweo
if^
if^
o
2
Sis
ft
00
5
OS:
:
:
y>
i^:
•
•
to
Its
MtOMMM
tStO
MODCnooD-
o^ m os os ao en oTo w
^C?<lWOSMMOtOOO<ltOQOMM
if-
oi to <1 oo
QOOOMCOO; <ICO; 0<ltOtOOS;
OiF>otOM» to©, to If- o to !>> *>co-ai>>toQDMcnotocptoMoso:
The above
«
•
have been heavy showers on
inch and seventy-two hundredths. The thermometer has
averaged 81, the highest being 93 and the lowest 68. Month's
rainfall one inch and twenty-five hundredths.
Corpus Christi, Texas. There has been a trace of rain on
one day of the week. The thermometer has averaged 82,
ranging from 76 to 90. Month's rainfall nil.
Cuero, Texas.— It has been dry all the week. The thermometer has ranged from 73 to 100, averaging 86. Month's
rainfall twenty-three hundredths of an inch.
Dallas, Texas.— We have had dry weather all the week.
Average thermometer 85, highest 105 and lowest 65. Month's
rainfall five hundredths of an inch.
Buntsville, Texas. Rain has fallen on two days of the
week, the rainfall reaching forty five hundredths of an inch.
The thermometer has averaged 81, the highest being 97 and
the lowest 65. Month's rainfall eighteen hundredths of an
—
*"
to
—There
three days during the week, the precipitation reaching one
—
50*
CO" ex
oom ooMiik
o; w
totoo;
MMtoosi^-osi mm; o; Mvi-oit^tooo; occeo ^-i^m
ifOtOtO<JQO. <]©• O- rf^ i(k 0» OS 05 OS M — QOtOOMO
M M
Mw«: coai;
M
•
to
<f ostow
to;
«1.
MOl
•
to
©;
:
«<
M
o 00 o: w to w M H" w wl
ooi-4oaor-otoui;ocoo<
«o
to to 00 h- to 1^
snow that the interior stocks have inweek 5,675 bales, and are to-night 141,055
same period last year. The receipts at all inch.
towns have been 32,621 bales more than same week last year.
Luling, Texas. — We have had rain on one day of the week,
Overland Movement for the Week and Since Sept, 1.— to the extent of thirteen hundredths of an inch. The therWe give belo«v a statement showing the overland movement mometer has averaged 86, ranging from 71 to 100. Month's
for the week and since Sept. 1, as made up from telegraphic rainfall nil.
Palestine, Texas. There has been rain on two days during
The results for the week ending
reports Friday night.
the week, to the extent of fifty four hundredths of an inch.
Sept. 1 and since Sept. 1 in the last two years are as follows.
The thermometer has ranged from 64 to 96, averaging 80.
1899.
1898.
August rainfall fifty-two hundredths of an inch.
San Antonio, Texas. — We have had one shower the past
September 1
totals
creased during the
bales more than at
—
Since
Week.
Sept.
1.
Week.
Since
Sept.
1.
—
Shipped
VlaBt. LoalB...... .............
Via Cairo
Via Parker ....................
Via Rook Island................
Via Louisville
Via Olnolnnatl
Vlaother rontea. Ao
364
1,968
136
......
172
Total Jtross overland.... .....
Deduct thipment$—
Overland to N. Y., Boston, &o.
2 351
364
474
349
Between Interior towns
Inland. &a from Soatb. ........
*
"242
......
Leaving total net overland*..
Including movement by rail to Canada.
349
716
15
1,635
The foregoing shows that the net overland movement
since Sept. 1 this year has been 15 bales, against 1,635 bales
in 1898, and that the aggregate net overland therefore exhibits a decrease from a year ago of 1,620 bales.
In Sight and Spinner $'
Takings.
Netoverland to Sept. i
Southern consumption to Sept.l.
Total marketed
.......
Interior stocks in excess .... ...
Came
1899.
Week.
Receipts at ports to Sept. 1
—
Into sight during week.
.....
Total in sight Sept. 1
—
—
"'75
.......
Total to be dAdnoted
week, the precipitation reaching four hundredths of an inch.
temperature 70. August rainfall nil.
Weatherford, lexas. It has been dry all the week. The
thermometer has averaged 83, the highest being 100 and the
lowest 66. Month's rainfall nil.
Shreveport, Louisiana. Rain has fallen on three days of
the week, to the extent of forty-nine hundredths of an inch.
Average thermometer 84, highest 101 and lowest 68.
Columbus, Mississippi We have had rain on three days
the past week, the precipitation reaching three inches and
forty-nine hundredths. The thermometer has averaged 84,
the highest being 98 and the lowest 70. Month's rainfall six
inches and forty two hundredths.
Vicksburg, 3Iissiisippi. We have had rain on three days
of the past week, to the extent of sixty-nine hundredths of
an inch. The thermometer has averaged 79, ranging from
Minimum
1898.
Since
Sept.
1.
Week.
Since
Sept.
1.
9,821
15
5,000
11,396
1,635
10,000
14.836
4,500
23,031
500
—
—
67 to 93.
Little Rock, Arkansas.
There has been rain on three days
during the week, the rainfall reaching one inch and seventyone hundredths of an inch. The thermometer has averaged
80, the highest being 96 and the lowest 65.
Helena, Arkansas. Cotton is opening rapidly. Rain has
fallen lightly on one day of the week, the precipitation
reaching nineteen hundredths of an inch. The thermometer
has averaged 80, ranging from 69 to 93. August rainfall one
inch and eighty- four hundredths, on seven days.
Memphis, Tennessee. Cotton is opening rapidly and picking will be general here next week. Rain has fallen on two
days of the week, to the extent of ninety-five hundredths of
an inch. The thermometer has ranged from 67 to 94, aver-
—
—
—
aging
80.
Alabama.— Crop reports are unchanged. Picking
making good progress. It has rained on three days of the
Mobile,
19,336
'23,53i
North'n spinners tak'ga to Sept.l
It will be seen by the above that there has come into sight
since Sept. 1 19,366 bales, against 23,531 bales for the same
neriol of 1898, and that consequently the decrease in amount
in sight to-night as compared with last year is 4,195 bales.
is
week, the precipitation reaching ninety hundredths of an
inch. The thermometer has averaged 80, the highest being
90 and the lowest 69. Month's rainfall foar inches and
twenty-one hundredths.
Montgomery, Alabama. There has been entirely too much
rain this week, injuring cotton. Rain has fallen on four
—
THE CHKOJNICLR
506
days, the precipitation reaching three inches and twentyeight hundredths. The thermometer has averaged 78, ranging from 67 to 94. Month's rainfall seven inches and eighty-
nine hundredths.
Selma, Alatama. There is some improvement in bottom
lands but none on uplands. We have had rain on four days
of the week, the rainfall reaching seventy-five hundredths of
an inch. The thermometer has ranged from 65 to 98, averaging 83.
Savannah, Georgia, It has rained on six days of the week,
the rainfall reaching six inches and twenty-nine hundredths.
The thermometer has averaged 79, the highest being 98 and
the lowest 67.
Augusta, Georgia. We have had rain on four days during
the week, the precipitation reaching one inch and sixtyeight hundredths. The thermometer has averaged 78, ranging from 68 to 95.
Charleston, South Carolina, We have had rain on six
days the past week, to the extent of seven inches and nine
hundredths. The thermometer has ranged from 71 to 95,
averaging 79.
Stateburg, South Carolina. We have had very beneficial
rain on five days of the week, the rainfall reaching two
Average thermometer
inches and fifty-two hundredths.
77-2, highest 95, lowest 66.
Gr<enwood, South Carolina. - There has been light rain
here on five days during the week, the precipitation reaching
five inches and fifty-three hundredths. The thermometer has
averaged 76, the highest being 85 and the lowest 67.
Wilson, North Carolina. There has been no rain during
the week. The thermometer has averaged 78, ranging from
67 to 87. Month's rainfall five inches and fifteen hundredths,
—
—
—
—
—
—
Manobester Market, — Our reporc received by
to-night from Manchester states that the
for both yarns and shirtings.
erally well under contract.
market
We
of this
and
8I4 lbs. Shirt- Cott'n
32s Cop, ings, common Mid. 32s Cop.
Twist.
Twist.
to finest.
lipids
d. a.
d.
J'ly28 ,ii3ie-6iii, 4
Aug. 4 513^-6111, 4
" 11
" 18
" 25
Sep.
1
6
»6'^8
8.
3ia@7
d.
1%
4 @7
4I3317
2
4>«®7
4 5 »7
4 5i«a7
2
4
4
Tia,ft-613i6
d.
2
212
3
d.
d.
d.
SH
lbs. Shirt- Oott'n
ings,
common Mid.
Uplds
to finest.
s.
d.
s.
d.
338
5^18 ®67)^ 4
338
558 ®67,(, 4
31530 SiiieSeifl 4
0i2®6
71a
0iaa>8
1^.
37,, 59i6 3-638 4
317
514 »65ifi 4
31632 5»fl ®65i. 4
0iaa>8
1
86 TH
'a>6
-316
7
61?
61a
Bovio, 1,049. ...Cuttc, 215
338
35,«
31I32
Parties desiring the circular in quantities, with their business
Government Weekly Cotton Report. Mr. James Berry,
Chief of tbe Climate and Crop Division of the
S, Weather
Bureau, made public on Tuesday the following telegraphic
reports on the crops in the Southern States for the week
U
in east, but crops
still
50
831
Saale, 63
To Hamburg, per steamers Graf Waldersee, 221
Knight
726
375
600
Bachelor, 506
To (^euoa, per steamer Spartan Prince, 375
To JNaple.s, per steamer spartan Prince, COO
To Tiieste, per steamer Pocahontas, 1.
To Venice, per steamer Pocohontas, 306
New Orleans— To Liverpo 1— Aug. 3 —Steamer Wm.
1
306
Cliffe,
451
Sept. 1- Steamer Wanderer, 4,700
To Belfast— Aug. 31— steamer Bengore Head, 96
To Havre— Aug. 2fc— Steamer Colombia, i.Olo
To Rremen-Aug. 2o— Steamer Hermann, 3,^54
To Rotterdam -Aug. 26— Steamer Anthony Radclift'e, 100.
Galveston— To Hremen— Aug. 28— Steamer Elizabeth Rick-
5,151
96
2,040
3,254
100
mers. 5,014
5,014
1,300
To Hamburg -Aug. 29- Steamer Aldgate, 1,3(;0....
To Rotterdam -Aug. 25— Steamer Volage, 50 .. Aug. 26—
Steamer Shandon,
Aug. 31
2,1 Oi>
Steamer Eric, 1,413
3,563
Pensacola- To Liverpool- Aug. v;6— Steamer Alicia, 6s2
To Venice-Sept. 1 Steamer Hannah M. Bell, 2,422
Norfolk- To Liverpool— Aug. 26— Steamer tsmore, 5,254
682
2,422
5,254
tioSTON-To Liverpool— Aug. 25— Steamer CepUiloDia, 3
Aug. 28— Steamer Kansas, 175
Aug. 29 - Steamer Vic-
1,246
torian, ),068
John-Aug. 23— Steamer Camberland, 45
Baltimore— To Liverpool- Aug. 23— Steamer Templemore,
To
45
St.
236
236
To Bremen- Aug. 30— Steamer
Crefeld, 1,507
1,507
Total
37.841
„
The particulars of the foregoing shipments, arranged In
our usual form, are as follows.
Great French
porta,
kSew Y»rk.
N. Orleans.
Galveston.
Pensacola.
3,042
5,247
50
Norfolk....
5,254
1,246
2.040
...
"682
Boston
Baltimore.
Oer
Oth.SPrope—^ Mexico,
many. North. South,
Brit'n.
1.557
3,254
100
6,314 3,563
Japan.
tic.
1,282
45
236
1,507
Total.... 15,707
2,090 12,632
.
a
2,422
,
Totr
5,931
10,6
9,S77
3,104
5,254
1,^91
1,7*3
ia
45
3,704
3.663
New York
Cotton freights at
37.811
week have been
the past
follows.
Hon.
Batur.
Uverpool, Sept.d
davre
Sremen, Aug
c.
c.
Sambor^ Sept..e.
Amsterdam
c.
.
ECotterdam
Do
Do
c.
Is
30*
30*
30*
SO-
30*
25
25
30
25
25
30
SO
25
30
SO
30
SOSO
25
30
25
30
25
30
i7ia
2713
27»«
271s
-7ifl
40
40
35
40
40
40
40
35
40
40
3»
40
40
35^40
35®10
35340
V. Hull.-.e.
—
i«
27ifl
V. Copen..c.
9enoa.
sufferlDg
ing prematurely; pickJug making rapid progress; rust increasing;
crop very poor.
Georgia.— Drought continues in northern counties, where crops are
Buifering; over southern half of State showers have been beneficial;
cotton opening rapidly; shedding and rusting less; picking progress
ing well.
Florida.— Warmer than average; rainfall deficient over large portion of State; conditions lavorable for harvesting cotton.
ALABAMA.— Temperature favorable; rains light and scattered, except
heavy in few localities; cotton still rusting and shedding, with some
damage by boll worms; opening rapidly; picking general.
Mississippi.— Precipitation variable and generally deficient; cotton
reports less favorable; increased shedding and rust; opening over entire State; picking in progress in nearly every section.
Texas.- Hot. dry week; hot winds in north portion; drought fetting
severe generally; cotton opening rapidly and some prematurely;
plant shedding all blooms and young bolls, and iu places drying; prospective yield being reduced rapidly, and will probably be considerably below average.
LocisiANA.— Warm week; dry in northern portion; showers in southern portion; cotton practically unchanged; opening rapidly; picking
progressing; some ginning done; crop generally short.
Arkansas. - Hot, dry weather continues; local rains Friday and
Sunday; all crops seriously injured by drought; cotton shedding and
opening prematurely.
TENNtsSEF.— Hot, dry weather prevailed, with damaging ett'eot; good
rains Saturday over large portion of middle section, but elsewhere,
nariicularly in eastern and western sections, crops still suftering;
cotton prospects only fair; picking becoming general.
OklaU(jma.— Heavy rains in parts ot cential counties Friday; un
abated drought elsewhere; cotton plching general, the crop being light
and of poor quality; sheddiog continues, and bolls piematurely
opening.
These reports on cotton are summarized by the Depart-
ment
as follows:
While reports of rust and shedding in cotton are somewhat
35
in the eastern portion of the cotton belt, in the central and
western districts the reports of rust and shedding continue undiminished, premature opening being quite generally reported in the lastnamed districts, wheie there i8 a quite general deterioration in the
—The demand for jute bagging
continued active during the past week at firm but unchanged
32
Is
^32
—
Liverpool. By cable from Liverpool we have the follo\^
Ingstatement of the week's sales, stocks, &o., at that port.
Aug.
Sales of the
week
bales.
Of which exporters took...
Of which speculators took.
11.
40,000
2,00c
American
37,006
13,000
Forwarded
44,000
Total stock— Estimated.
1,016,000
Of which American -Est'd. 935,000
Total import of the week
26,000
Of which American
15,000
Sales
Actual export
Amount
afloat
17,000
12,000
Of which American
Aug. 18
43,000
2,000
1,000
39,00c
8,000
49,000
970,000
b 92.000
10,000
7,000
23,000
18,000
Augib
Sept. 1
34,00c
2,000
38,000
3,000
3i,00(J
33,000
8,000
54,000
890.000
816,000
7,000
3,000
24,000
20,000
9,000
38,000
945,000
869,000
21,000
16,000
15,000
10,000
The tone of the Liverpool market for spots and futures
eaoh day of the week ending Sept. 1 and the daily closing
prices of spot cotton, have been as follows
Sat'day.
Spot.
Market,
1:45
P.
)
Dull.
M.J
Sales
Spec.
A exp.
Monday. Tuesday. Wed'day. Thurtd'y Friday.
Moderate In buyers' Moderate
demand.
favor.
demand.
Easier.
Moderate
demand.
39l8
39l6
3»16
317i2
31532
3I632
3,000
6,000
6,000
7,000
8,000
7,000
500
500
600
500
500
500
Mid. Upl'ds.
Futures.
Br
(
1:45 P. M.
numerous
condition of the crop.
35
35^40 35® 40 3T'a40
32
32
32
32
32
rrleste, direct. c.
l8
i«
i«
d.
Antwerp.
^
^
Ghent, v.Antw'p.d.
532
"32
532
5s2
H^
Quotations are cents per 100 lbs. unlesB otherwise stated.
* And 5 per cent.
Market,
less
Fri.
i«
35
35
35
c
Hamb..c.
fteval, V.
Wednet. Thur*
Tues.
i«
.
from drought in central northwest section; cotton shedding diminishing; opening rapidly; picking becoming general.
SOUTH Carolina.— General rain Sunday and Monday broke drought,
and win beneUt late crop.s, but came too late for cotton; cotton open-
Jute Butts, Bagging, Etc.
3,042
To Havre, per steamer La Normandie, f)0
To Bremen, per steamers Prinz Regent Luitpold, 768
3.63.
31532
31a
card printed thereon, should send in their orders as soon as
possible, to ensure early delivery.
ending Aug. 28:
North Carolina.— Week favorable
Liverpool, per steamers Aurania, 1,778
d.
Cotton Crop Circular.— Our Annual Cotton Crop Review
will be ready in circular form about Thursday, September 7.
—
Total baitt .
New York—To
last
1898.
arrive.
from mail and telegraphic returns, are as follows:
year for comparison.
1899.
mixing to
for
— As
snown on a previous page, the
exports of cotton from the United States the past week have
reached 37,841 bales. The shipments in detail, as made up
cable
give the prices for to-day
l.^^c,
Shipping News.
Manufacturers continue gen-
below anu leave those for previous weeks
for 1% lbs. and 63^@63^c. for 2 lbs.,
Jute butts are firmly held at I'OSc. for
55^@5Xc
prices, viz.:
standard grades.
paper quality and
steady
is
LXIX
[Vol.
Market,
4 p. M.
(
ly st'dy steady at Br'ly st'dy
partially partially
partially
1-64 adv
1-64 adv.
1-61 adv.
steady.
(
The prices
Qutet.
Quiet.
Quiet at
Weak
1-04 deollne.
1-61 decline.
Barely
•teady.
Barely
Very
steady.
qmet.
at
Steady at
partially
1-64 dec.
of futures at Liverpool for eaoh day are givenl
Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
below.
September
Sat.
Aug. 26
Sept.
THE CHRONICLE
1899.]
2,
sn.on.
Tues.
DTed.
Tliurs.
Frl.
to
12% 1 1:45 4 1:45 4 1:46 4 1:45 4 1:45 4
P.M. P.M. P M. P M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
1.
d.
d.
August
3 33 3 33
Aug. -Sept... 3 31 3 31
8ept.-Oct.
3 29 3 29
Oot.-Nov.... 3 <!7 3 27
Nov.-Deo... 3 27 A 27
Deo.- Jan.... 3 26 3 26
Jan.-Feb... 8 26 3 26
Feb.-Mch... 3 27 3 27
Moh.-AprU. 3 2- rf28
April-May.. 3 28
28
May-June 3 29 3 29
June-July.. 3 29 329
.
d
3 31
3 30
3 28
3 27
3 26
3 26
3 26
3 26
d.
d.
d.
d.
30 3 30 3
29 3 29 3
27 3 27 3
26 3 26 3
26 3 25 3
25 3 25 3
25 3 25 3
28 3 25 3
26 3 26 3
26 3 26 3
27 3 2"; 3
28 3 28 3
3 30 3
3 29 3
3 27 3
3 26 3
3 25 3
3 25 3
3 25 3
3 25 3
3 27 3 26 3
3 27 3 27 3
3 28 3 27 3
3 29 3 28 3
d.
d.
d.
d.
d.
30 3 28 3 24 3 25
29 3 28 3 24 3 24 3 25
27 3 25 3 22 3 22 3 23
25 3 24 3 21 3 20 321
24 3 23 3 20 319 3 20
24 3 23 3 19 3 19 3 20
24 328 3 19 3 19 3 20
24 3 2a 3 20 3 20 3 21
25 3 24 3 20 3 20 3 21
26 3 25 3 21 3 21 3 22
26 3 25 3 22 3 21 3 22
27 3 26 3 22 3 22 3 23
3"26
3 24
3 22
321
3
3
3
3
3
21
21
22
22
23
3 23
3 24
507
Rye has been quiet and easier. Barley has been in fairly
demand for feeding and values have held to a
active export
steady basis.
Following are the closing quotations
:
FLOUR.
Fine.
Patent, winter.... $3 60 @3 85
$2 15 (2)2 25
35 ®2 40
Superfine
City luills, patent.. 3 90 ©4 10
2 15 'a2 50
Extra, No 2
Ryeflour.superline 3 00 @3 40
Extra, No. 1
2 70 ®z 90
Buckwheat flour
®
Bakers' extra
2 90 ®S '.0
Corn meal—
Straights
3 25 @3 50
We»terD,eto
2 05 -2)2 10
Patent, spring
3 75 3)4 45
Brandy wine
2 15 @2 20
(Wheat flour in sacks sells at prices below those for barrels.)
GRAIN
Corn, per bush—
Wheat, per bush.—
o.
c.
0.
c.
3h%@39
HardDuluth.No.l 77 ®7834
Western mixed
76i2®78i4
37i8«39
No. 2 mixed
N'th'nDuluth.No.l
38i4®40
Red winter, No. 2. 72%®75i4
Western yellow
76i£®78i4
38i4®40
N'tiiern N. Y. No 1
Western white
Rye, per bush—
Oats— Mix'd.perbsh. 25H®27i3
26is®32
White
Western
58 ®61%
No. 2 mixed
26 ®27
561^361
State and Jersey
No. 2 white
Barley—Western
44 ®55
27ha>-^8^
Feeding
39 ®43ifl
1
v!
I
1
B
RE AIDS TLrF]FS
•
Friday, Sept.
1,
1899
Bnsiness in the market for wheat flour has been quiet, and
in sympathy with a decline in the grain values have weakened. Jobbers and bakers generally have been indifferent
buyers, coming into the market only when forced to by
pressing needs, and then their purchases have been confined
to only such supplies as have been wanted to meet current requirements. At the close, however, a moderate business was
transacted with the "West India trade, attracted by the lower
Rye flour has had only a small sale but
prices ruling.
values have held to a steady basis. Corn meal has been quiet
but steady.
Speculation in wheat for future delivery has been moderately active, but it has been at gradually sagging prices.
There has been fairly free selling by September longs to
liquidate their accounts, with no aggressive buying to absorb the increased oflferings. Advices from the Northwest
have been of a more favorable character. Weather conditions have been more satisfactory, and the movement of the
crop in the Northwest is increasing, supplies of new wheat
coming into sight with increased freedom. Cable advices
have reported weaker markets, reflecting the easier advices
from this side, and generally favorable crop prospects abroad
also have had their influences against values; in fact, the
sentiment of the trade as a rule has been bearish and selling
has been fairly general. Business in the spot market has
been only moderately active, as exporters have been limited
buyers and prices have weakened with futures. To-day the
market was steadier early in the day, in sympathy with the
Western market, where there was some buying by the elevator interest. Subsequently, however, the market turned
easier, under moderate offerings, and prices gradually
sagged. The spot market was quiet and easier. Sales for
export here and at outports were 200,000 bushels.
YORK.
DAILY CLOSING PRICES OF NO, 2 RED WINTER IN
Fri.
lues.
Wed.
Thurs.
Mon.
Sat.
74i58
75 1«
'6^
74^8
7Ma
74\
Cash wlieat f. o b
75i8
73 14
74 14
74ie
•JSia
Sept. deliverj in elev
7718
7c 14
7738
76 i^
78
Deo. delivery ill elev
NEW
I
[
1
I
Government Weekly Grain Report. Mr. James Berry,
Chief of the Climate and Crop Division of the United States
Weather Bureau, made public on Tuesday the telegraphic
reports on the grain crops in the various States for the week
ending August 28, as follows
Weather.— While
the drought conditions reported at the close of
locally in the South Atlantic
States, drought continues with increased seventy in Texas, Oklahoma,
Southern Missouri and Michigan, and rain is much needed in the Ohio
Valley, the lower lake region, New Eui^laud and (generally throughout
the Southern and Central Rochy Mountain districts. Very favorable
weather conditions prevailed in Iowa, Northern Mifsouri, Nebraska
and Kansas, but, as in the previous week, reports of the eft'eots of excessive moisture are received fr>
the Dakotas and Minnesota. Abnormally cool weather continued on the Paciflc Coast, with rains
unusual for the season in Washington and Northern Oregon. In
California the persistent prevalence of low temneratures has proved
injurious to the raisin grapes.
Corn. -The general condition of corn in the States of the Central
Mississippi and Ohio Valleys is less satisfactory than at the close of
the previous week, owing to continued absence of rnoi-sture, which
has conauced to too rapid maturity. The weaiher conditions In Iowa,
Northern Missouri, Kansas, Nebraska, the Dakotas, Minnesota and in
the Middle Atlantic States have been more favorable, and generally
the crop has made good progress in these States, although late corn is
somewhat less promising in portions of Nebraska and Kansas. All reports indicate that the crop has made rapid advanot-ment toward
maturity. Some cutting has been done as far north as Minnesota.
SPRING Wheat.— Reports of injury to grain in shock and stack continue from the Dakotas and Minnesota, principally, however, as a
result of rains of previous weeks
The delayed harvesting of spring
wheat will be completed by the end of August. Grain iu shock has
also been injured by ralus in Washington and Oregon, but in the lastnamed State the rains were of material benefit to late spring grain and
other crops.
Tobacco.— Favorable progrei^s has been made in cutting and housiner
tobacco, which work is generally well advanced. The late crop needs
the previous
week have been relieved
m
rain in Pennsylvania and Kentucky.
Apples. -The previously-rep rted unfavorable outlook for apples
continues, although some varieties, principally the early, are abun79 1« dant in portions of Neb'ai-ka, KansHS, Illinois, Indi na and in the
8018
8038
80
81
80>fi
Middle Atlantic States and Southern New England. The reports genDAILY CLOSING PRICES OF NO. 2 SPRING IN CHICAGO.
erally i dicate that the fruit is iiropping extensively.
Thurs.
Wed.
Fri.
Sat
Mon. Tues.
Plowing. -Much plowing for fall seeding has been done In Iowa,
f938
7' 38
70
70
7012
6958
Sept. delivery in elev
71i« Northern Missouri, Nebraska and Kansas, but the condition of Ihe soil
72»«
72
71^
72 la
72
Dec. delivery in elev
7483 haH been unfavorable for this work in the States of the Ohio VfaUey
74''8
7553
75
75
May delivery In elev. .. 7538
and New England and the West Gulf districts.
Indian corn futures have continued quiet and the tenThe movement of breadstuffs to market as indicated in the
dency of prices has been towards a lower basis. The principal feature of the trading has been September longs selling statements below is prepared by us from the figures colto liquidate their accounts, as there have been no develop- lected by the New York Produce Exchange. The receipts at
ments of a character to give them confidence iu the situation. Western lake and river ports for the week ending Aug. 26, and
Crop prospects have continued generally favorable, a large since Aug. 1. for each of the last three years, ba^* t)per;
yield being practically assured. Receipts at primary points
Oat$.
Bar ley.
Wheat.
Com.
Vt.
have continued fairly heavy and advices from the Western S«c«ii>t( ac- riour.
markets have reported fairly free country acceptances.
BbU.Waibf Buih.SOlb$ Bu»h.66lb» Bu$h.S2lht Buih 48" Ru.bt^i:
Business in the spot market has continued fairly active, ahiOAKO
4«6I2
216,66
112,207
4.313,.S91
463,4 24
2,117.000
exporters being the buyers, but prices have weakened with Hllwankee
135.150
81500
70,875
105 000
163,200
147,050
177,3t6
335,338
18,318
.....
43,106
31,696
futures. To-day the market was steady on drought reports. Dnluth
...
8.a24
886680
66,020
12.3.970
The spot market was steady. Sales for export here and at MinneapoHa.
£61.0' PO
26.001
7,700
are.sn
184,478
Toledo
16, 2i
outports were 220,000 bushels.
13,198
11 ,506
63,161
43,6>e
Detroit
6,400
ITORK.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN
189,2^0
51,174
231, ^8«
Oleyeland
Fri.
Mon. Tues.
Sat.
Wed. Thurs.
38''8
38
1 85
2H1.67S
4,600
91^
678.745
38 ^8 8t. LouU ...
464,682
38%
34.285
Cash corn, t. o. b
:9H
'a
3714
37 \
37
37
37
Sept. delivery in elev. .. 38
10 500
6
237,000
399.«Ot
7,800
Peoria
18.E0O
a5i4
3512
35»«
351^
35^
3^^
Deo. delivery in elev
45,001
144,000
Kansai Clt7
598,000
35i8
35i«
35
3514
3538
i5
May delivery In elev
14
13- .805
431.201
8.707.481 ~65«8.279
3.781,9*1
Tot.wk.'»9.
431,906
DAILY CLOSING PRICKS OF NO. 2 MIXED CORN IN CHICAGO.
22',H7l
3 8 008
Fri.
4,77«.044
4,619,404
Sat.
Mon. Tues.
5.664.389
Wed. Thurs.
Same wk.'»8
874,930
31
31
31
416,769
so-^s
Sept. delivery in elev... Sl^a
SO^s
808 lu3
7,899,49«
6,360 402
5,866,492
316,391
Same wk.'»7.
2813
2858
281^
28\
28?i Since Aufl. 1.
Dec. delivery in elev.... 28^8
29 14
29 13
2913
2938
2958
291a
May delivery in elev
437 631
IP,
1.115.5-6
May delivery
in elev
.
.
NEW
.
:
Oats for future delivery at theW'estern inarke t have been
quiet and no decided changes have occurred in values, although the tendency has been towards a slightly lower basis,
in sympathy with a decline in other goods and under moderate offerings, prompted to an extent by fairly free country
acceptances. Locally the spot market has been quiet, the
home trade being only a limited buyer, and the export demand has been light prices have weakened slightly. Today the market was steadier under moderate buying and
limited offerings. The spot market was quiet. No export
1
;
business was reported.
DAILY CLOSING PRICES OF OATS IN NEW^ YORK.
Fri.
Sat.
Mon. Tues.
Wed. Thurs
26
ve
26
26
26
26
No. 2 mixed in elev
27i«
27S^
27ifl
28
23
No. 2 white in elev
28
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Fri.
Sat.
Mon. Tues.
Wed. Thurs.
20»4
2'>
20
Sept. delivery in elev... 20i8
IQ'^s
Deo. delivery in elev
May delivery in elev
19^
2189
1958
2138
1958
21^9
19%
21»a
Ws
19%
21i«
19''8
21»«
1899...
1808
1.684.462
15.587.994
16,591,319
1,188 898
15,155,946
1«97
1.024.740
21.144.672
15,3«6,659
25,339,964
199,847
14,7e3,i40
678
22,4:H2.3S4
84-t
81S,f.l2
1.19 .»«l
1 498.^86
The receipts of flour and grain at the seaboard ports foi
ireek ended Aug. 26, 1899, follow
Hour,
Bieeipttat—
New York
Boston
Montreal
Philadelphia
Baltimore
Richmond
Mew
Orleans*
Newport News
Norfolk
lialveston
Portland, Me
Pensacola
Total week..
iiVeek 1898
bbU.
157.027
48,746
64,217
48.152
i<5,34l
1,783
14 ,1«2
1>^.173
tVneat,
buth.
8.925
S03.571
38^,865
Oats,
buth.
Rv*.
bu$h.
21,376
1,150
1,3C0
334,936
131,t^51
4.S7,013
494,<jS5
769
g.OOO
36f'.H66
259,401
17,200
50,166
366,000
3,123
14L726
848,811
31,776
297,041
48.000
693.000
111.789
. • -
•
•«
0,876
214
7,000
28160
2,762
?i783,858
3,187,354
4,837,504 S,ll-*,704
8,379,230 1,785,974
•Raoeipts do not include grain paMing thronah
on through bills of ladlns.
porta
49,600
103,.9»
40,347
293.269
6,072
681
441,031
162.005
Barlev,
buth.
e
1,485,500
299. 64
129,977
7(
3.601
4.188
Corn.
buih.
1,623,375
243,821
ti
New
199,646
l.bSO
30,92
805.i6i5
Orleans for loielgn
THE CHRONICLE.
608
Total receipts at porta from Jan,
follows for four years:
TttceipU
Aug. 26 compare as
1898.
12,330,250
1897.
17,055,219
1896.
6,316.536
bush. 74.811,763
70,606.659
139.280,818
35,411,469
bbli
Wheat
to
1899.
13,600,910
of—
rionr
1
OoriA
"
126.06S,2-;2
Oats
Barley
"
64,104,3:i0
Bye...
"
56,342,163
4,(52,440
4,1^5.523
3,062,142
9,636,755
43,214,547
122,686,135
51,473,363
7,182,363
6.447,6b7
265,405,061
286,689,704
231,004,076
"
"
Total Kraln....
55,lflH,P45
43,887.790
4.919,602
2,157,129
141,542.935
several seaboard ports for he week
shown in the annexed statement:
are
1899,
Aug.
26,
ending
The exports from the
•
Corn
Wheat,
Exports from— bxish.
bush.
New York
630.090 1,261,819
131,022
417,005
Portland, Me. 111,789
Philadelphia.. 119.127 1,098,407
97iJ,494
307,820
Baltimore
"" "
New Orleans.. 2(8,000 305,874
Boston
Flour,
bbU.
116,481
85,636
4,128
Oats,
Bye,
bush.
847,968
289.428
bush.
108,43»
62.461
58.077
800,000
152,010
-'3,388
40
3.601
18.173
75,500
365,000
53,862
'
Norfolk
8,000
Newp'rt News
S00,808
Montreal
Oalveston .... 607,800
365.866
880.881
26,800
'
1,985
52,116
-Flour,
Vfeek and sine*
Sept. 1 to-
•
Since Sept
Aug. 2a.
1,1898,
bush.
bush.
1.1899.
bbls.
itbli
Wefjt
Aug.
West Indies
22.332
2.4f0
Total
Total 1898.
389.717
236.777
17.306.422
13,822,483
8.976
906
661,535
2.298,256 128.769.^15
25,00.592 128,617,816
In store at—
KewTork
afloat
Do
Corn,
buth,
bu*h.
556,000
4.580,0'«'
17,000
787,000
169,000
1.625,000
360.00P
1,148,000
Boston
Philadelphia
Baltimore
New Orleans
Galveston
Montreal
Toronto
448,"inf
439,000
679,000
352.000
93,000
0at«,
bu*h.
488,000
26,000
324,00 V/
374,000
240,000
83,376,379
96,125,692
190,871
1,045,127
361,690
1.426,707
4,826.011 182.526,466
2,600.592 197.800.266
Barley,
hush.
20,00
By*,
bu*h.
106,000
86,000
60,0C0
45,0bv.
I26J066
142,000
7.000
51.000
2,000
443.000
Widiobb
'13,000
609,000
46,000
33.0C0
20.000
6,693,000
i.epiiobo
soo.ooo
166,000
66,000
"2;6bo
Ft.Will'm& Ft. Arthur 1.213,000
8,035,000
Oulnth
228,000
68,000
75,000
34,000
36000
2.00'^
Buffalo
Do
189,i^0t
1,077,000
2,184.000
1,000
24.000
14.000
26,000
afloat
Toledo
Do
..
Do afloat
Ohloaffo
Do afloat
MUwaokee
Do afloat.
DO
afloat
5,476.00r
2,073.000
Minneapolis
at Louis
Do
1,887,000
2.000
Peoria
Indianapolis
673,000
On Mississippi River
On Lakes
On canal and river. ..
Aug. 28, 1899
Aug. 19 1899
406,000
1.(96.000
127, )0r
17,000
so'.'oo'
69 000
80 uOr
23,000
436,000
27,000
100,000
1,129,000
69,000
724.000
473,000
46,000
4.807.000
4.089,000
3,298,000
9,270,000
6,735.000
586.000
623.00r
432.000
84,666.000
3a,078,000
Aug.-a7, 1898 .• 5.927,000
6,970.000
7.883,000
16,530,000
28, 1897 .15,473,000
29, 1896 .16.674,000
27.'-73.00C
Auk.
Aug.
.
.
13,964,000
21,000
"10
"s.oco
afloat
Kansas City
54
693
11
791
7,319
1
422
303
72
161
99
215
179,594
1,656
32,488
11,272
20,841
2,924
7,183
31,159
5,726
115,992
8.912
22,462
7,819
9,385
3,014
5,010
35,522
12,846
Total
10,034
China, via Vancouver*....
294,979
19,334
4,213
224,073
14,160
10,034
314,313
4,213
238,233
'66(
103.000
5,0'
3,CC0
"
5,(J6c
Sonth America..............
Other Countries
Total
147
256
147
3,573
12
for the year to date
has been $10,572,902 in 1899, against |7,824,053 in 1898.
There has been a fair home demand for brown sheetings
and drills, but actual business moderate, sellers declining
numerous orders. Tone strong and prices occasionally %c.
higher. Wide print-cloth yarn goods strong at 116c. to j|c.
advance. Ducks firm. Bleached cottons show various advances of igC to l-16c, per yard. The demand has been con-
siderable and stocks are limited. Wide sheetings also in
strong position, some makes 5 per cent higher. Cotton flannels
and blankets scarce and firm. Advances of 34^c. reported in
denims, stripes und cottonades and other coarse colored cottons firm with average sales. Kid finished cambrics and
other cotton linings firm. Fancy prints in improving demand. Staple lines of prints selling well at firm prices. No
change in ginghams. Stocks limited and prices firm.
Regular print cloths inactive at 2^c., but good sales of wide
odds at l-16c. to }^c. advance.
Foreign Dry Goods. There has been some improvement
in the demand for dress goods for spring, but business is still
moderate; prices firm. Silks firm but quiet. Ribbons unmore doing. Burlaps strong but
changed. Linens firm
not quotably higher.
;
Importatlous and Warehouse \¥Itlidrawals of Dry Goods
The importations and warehouse withdrawals of drj goods
at this port for the week ending August 31, 1899, and since
January 1, 1899, and for the corresponding periods cl last
76,001
00
406,(00
.'<34
297,00..
1.8180CC
1,048,0(0
740.0^0
1,099,000
s
H 5
^^
THE DRY GOODS TRADE.
Yoek, Friday, P. M., September
1,
^^
s
o
**;
o'
-•
s:
P
»
O
e;
<B
.....
•
V
:
i
•
1
no
'0
ts
M
1899.
in cotton goods has served to accentu-
ate the unusually clean condition of the market and the upward tendency of prices. On all hands buyers are complain"
ing of the difficulty of securing quick deliveries of prominent
lines of, staple cottons, and in their desire to secure these
readily pay advances in prices where that will achieve
their object. The condition of the market is abnormal. In
no direction are stocks of staples accumulating, and the
ranks of sellers clean out of stock and well under contract
for future producjtion are daily being swelled.
Production
in the South is at its top limit, but in the East there are complaints of scarcity of labor interfering with a full output.
The home trade has been the chief contributor to this week's
business, the demand on export account proving quiet.
Most export grades are, however, sold ahead into next year.
Prices show advances in brown bleached and coarse colored
cottons, and the market closes with continued upward tendency. The jobbing trade is reported good throughout the
country.
Woolen Goods. Business in men's- wear woolen and
worsted fabrics has been on a reduced scale this week, owing
to the fact that many large buyers have completed their first
round of purchasesand are now out of the market for the time
being. The season's business to date has been large in all lines
of worsteds, both plain and fancy, and these are in a strong
Washington Clay worsteds are advanced 2i^c. per
position,
yard. In woolens the business so far has been irregular and
s
o
9
01
—
""l2
Prom New £a£iana mill oolnts direct.
The value of the New York exports
w
The week's business
2,320
year are as follows:
Exclnsive of New Orleans. Galveston, Ft, William and Port Arthur, bu
Including Albany. Oswego and Cincinnati, now omitted.
NOTB.— Beginning July 1, 1899, the New York Produce Exchange has changed
its Visible Supply Statement by inclu. ing stocks at New Orleans, Galveston.
Ft. William and Ft. Arthur (previously omitted) aud leaving out Albany
Oswego and Cincinnati, formerly included.
New
1,378
.
—
afloat
Detroit
Total
Total
Total
Total
Total
252,000
7i,000
Since Jan. 1
*
stocks in
the stocKs
The visible supply of grain, comprising tne
granary at the principal points of accumulation at lake and
seaboard ports, Aug. 26, 1899, was as follows:
Wheat,
Week.
1,443
Alrioa
West Indies
bush.
21,405
6,826
241.785
412,123
Since Jan. 1
48
17
1, 1898.
bxuh.
1,285.029
801
246,959
13,562
1898
28.
Great Britain
Other European.............
China
India
Arabia
Corn.
Since Stpt
26.
United KinRdom 295.577 11.520.157 1,089,128 73.079,990 1,422.106
2,642,378 1,196,152 54,820.034 3.363,546
66.496
Continent
11,233
198,166
13.051
1.204,960
B. & C. America.
Br.N.Am.Colo'i
Other countries..
1899.
to Aug.
Week.
week and since
Week
,
Aug. 26.
Wheat.
,
Since Sept.
New Yokk
Central America. ...........
18,471
64,788
108,439
108,272
destination of these exports for the
September 1, 1898, is as below.
Week
packages, valued at |334,753, their destination being to the
points specified in the tables below
Mexico
The
export* for
1.S05
762
389,717 2,039,230
286,777 1,045,564
—
Domestic Cotton Goods. The exports of cotton goods
from this port for the week ending Aug. 28 were 10,034
bush.
94.019
99,619
2^',160
"(881
6,875
Total week.. 2,293,256 4,825,011
Same time '98.2,146,987 2,600,692
4,486
better on grades selling below $1 per yard than in higherpriced qualities, but the general tone is steady. For overcoatings there has been an average request and prices are
maintained.
Sales of cloakings fair without change in prices.
Woolen dress goods in steady demand and firm. Flannels
and blankets quiet but strongly held.
Barley
694
Charleston..
Pensacola
Pea*,
bush.
[Vol. LXIX.
1^
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September
2,
THE CHKONICLE.
1899,]
509
been authorized by the City Council) will bear 3^% interest,
payable semi-annually at the office of the City Treasurer.
They will be in denomination of |5( 0, dated Jan. 2, 1900.
Principal will mature Jan. 2, 1920. The date of gale has not
Items.
yet been decided upon.
Bell County, Texas.— Bonds Approved. Court-house
Texas. Referendum Law. The law passed by the last
Legislature requiiing all county and city bonds to be voted bonds to the amount of $8,000 have been approved by the
upon by the people before issuing the same went into efftct Attorney- General. Also an issue of $12,000 of county bridge
on August 26, 1899. It applies only to issues of |2,0(j0 or bonds.
Belvedere. Cal.— Bonds Voted.— An election was held on
over,
Williamsport,Pa.— Ir.yanch'oTi Denied.— Judge Metzger on August 19, 1899, at which $10,000 sewer bonds were authorAugust 28, 1899, refused to grant an injunction prayed for ized by a vote of 49 to 7.
by The Lamprecht Bros. Co., Cleveland, to restrain the city
Bexar County, Texas —Bonds Approved and Sold. The
from delivering to Dick Bros, k, Co., Philadelphia, the $500,- Attorney-General has aproved of an issue of §8,000 refund000 bonds recently awarded to the latter. The bid of the ing court-house bonds. Of this iesue $5,000 has been taken
Cleveland firm for these bonds was 102-86, while that of the by the State Board of Education and $3,0u0 by the PermaPhiladelphia firm was "$ir0 more than the highest bidder," nent School Fund of Bexar County.
or 102'88. This latter bid was claimed to be irregular by the
Biughamton, N. \.—Bond O^ermgf.— Proposals will be received until 7:30 p. M. Sept. 12, 1899, by S. D. Kane, City
Cleveland house.
Clerk, for $5,01)0 3)^^ registered bonds. Securities are dated
August
1, 1899; interest will be payable semiannually at the
Calls and Redemptions.
gT/^m
m^
^trmmtm.
City
News
—
—
—
_
Bond
the City Trea&urtr. Principal will mature August 1
certified check lor 5^ of the total amount of bid
will be required with each proposal.
Bowling Oreen, Ohio. Bond Offering. Proposals will be
received until 12 m. Sept. 18, 1899, by Alex. Williamson, Corporation Clerk, for $10,000 4^ refunding bonds. Securities
are in denomination of $500, dated Sept. 1, 1899. Interest
will be payable at the office of the Village Treasurer. Prin-
office of
1935.
—All holders of State scrip or Treasurer's
Arkansas.— Ca?i.
A
same to Thomas E. Little,
State Treasurer, for redemption within six months from
August 1, 1899, or " thereafter be barred."
Butler County, Mo.— Bond CaZ/,— Interest ceased on Aug.
bonds Nos. 27, 29 and 30, each for J^lOO, and
I. 1899, on
Nos. 19, 20 and 31, each for $500. Bonds are dated August 1,
certificates are notified to present
—
H
1887.
Bond CaZZ.— The Trustees
Columbus, Ohio.
Fund
called for payment Sept. 1,
bonds to the amount of 112-4,800.
ing
cipal will mature one bond each March and September from
1908 to 1917, inclusive.
certified check for $500 will be required.
Biighton(N. T.) School District. Bond Sale.— On Aug.
26, 1899, §2,500 5^ 1-20-vear (serial) bonds were awarded to
Bertron
Storrs, New York, at 102-46.
BronsoD, Mich. Bonds Fofed.— This village has voted to
issue $8,C0u electric-light-plant bonds. The vote for the
bonds was 132, while 54 were against their issuance.
Burleson County, Texas.— Bond 6'aZe.— The State Permanent School Fund has purchased $5,000 i% 5-2C-year bridge
bonds of this county.
Burrill\ille, R. I.— Bond Offering. Proposals will be received until ]1 A. M. Sept. 7, 1899, by Francis Fagan, President of the Town Council, for $60,000 Z'^i gold funding
bonds. Securities are in denomination of $l,O0O, dated Sept,
1,1899. Principal will mature Sept. 1, 1939. The genuineness of the bonds will be certified to by the Industrial Trust
Co of Providence.
Caney, Kan.— Bond Offering. Proposals will be received
until Sept. 12. 1899, for §10,000 5% 20 year bonds.
A
of the Sink1899, street-improve-
ment
Dayton (Ky.)Schoul District.— Bond Call.—'H. C. Collins,
President, has called for payment Sept. 1, 1899, at the German National Bank, Newport, four $500 bonds numbered
II, 12, 13 and 14.
Lafayette County, Mo., Lexington, Sniabar and TVashirgton Townsliips.— i^ond CaZ/s.— The County Treasurer called
for payment August 1, 1899, the following township bonds
:
Lexington Township b% bonds, dated August 1, 1890, Nos. 22 to 32, 34, 36 and
42. inclusive, each for $l,00t).
Lejlngton Township 6^ $1,000 bonds Nos. 65 to 60 and 67 to 80, dated July 1,
188j.
Sniabar Township h% bonds Nos. 12 to 16, 19, 20, 23 to 31, 34 to42 and 44 to 47,
each lor $1,000. dated August l, IflSO.
Washington Township 6* bonds for $l,Oro, Nos. 28 to 32, dated July 1.1885.
Washington Township h% $1,000 bonds, Nos. Id to 24, dated August 1, 1890.
&
—
Multnomah County, Ore.— Warrant CaZ^— Ralph W. Hoj t,
County Treasurer, has called for payment county warrants.
Class "C," drawn upon thn road fund, that were presented
and indorsed "Not paid for want of funds "from Sept. 1,
1898, to Sept. 30, 1898, both dates inclusive.
Interest on these
Champaign, 111.— Bond 5aie.— We have received official
warrants ceased on August 14, 1^99. Also warrants classes
confirmation of the sale reported in last week's Chronicle of
35 and 36 on the general fuod, indorsed between July 11,
$5. too 5^ 9-year improvement bonds.
The bonds were
1898, to August 5, 1898. Interest ceased on August 21.
awarded to W. W. Maxwell, Champaign, at 112-50. Follow-
—
Bond Proposals and Negotiations
this
.
week have been
as follows
;
Angleton School District, Brazoria County, Tex.— Bids
Rejected.— AW. bids received on August 21, 1899, for $6,000
43^ bends were rejected. Bonds will be offered again and no
bid for less than par will be considered. F. W. Stevens is
President of the School Trustees.
Anslej Scliool District No. 44, Custer County, Neb.—
Bonds Defeated. At an election held August 4, lb99, the
propoeition to issue $2,000 school bonds was defeated.
Anson County (P. 0. Wadesboro), N.C.— .Bond Offering,—
Proposals will be received until 12 m. Sept. 4, 1899, by the
Board of Commissioners T. C. Robinson, Chairman for
$7,000 6^ bonds. Securities are in denomination of $1,000,
dated July 1, 1899. Interest will be payable January 1 and
July 1. Principal will mature yearly on July 1 as follows
—
—
—
:
$1,000 in 1900
$2,000 in 1904.
Antigo, Wis.
and
1901, $3,000 in
1902, $1,000 in 1903
and
Bonds Authorized.— The Council has au-
thorized the issuance of $10, 0(
Balier County (Ore.) School
On August 21, 1S99, the $15,000
were awarded to Albert Gtiser
lowing are the bide
city ball bonds.
District iio.o.—Bond Sale.—
i% 10-2« -year (optional) Donds
of Baker City at 103*33. Fol-
Unconditional
A. Geiser, Bak er City
H.E.Noble, Portland
Otnditional Bids.
Cleve... 15,809 00
F. R. Fulton, Chicago
15,61tt 50
E.H. Rollins* cons, Boston. 16,6i050
Mason, Lewis & Co., (Chicago. 15,547 50
N. W.Harris & Co., Chicago.. 15,643t0
:
Bidtt.
I
$15,600 00
15,46" 00
W. E. Bell, Spokane
15,4.=>8 nO
First Nat. Bank. Baker City.. 15,450 00
Seymour Bros. & Co., N. Y... 16,0.7 fcO
|
i
|
W.
J.
Hayes & Sons.
For description of bonds see Chronicle August 19, p. 404.
Bayonne, N. J.—Bond Sa ie.— On August 22, 1899, $14,000
4'? 20-year bonds were awarded to E. D. Shepard & Co., New
York, at 105'75. Following are the bids
E. D. Shepard & Co., New York. K5'75
103-29
Geo. M. Hahn, New York
:
Edw.
C.
Jones &
Co..
ing are the bids
W. W. Maxwell, Champaign.. $5,fl25 CO S. A. Kean, Chicago
tB,387 50
Meyer & Riser, Indianapolis.. 5,475 00 N. W. Harris & Co.. Chicago.. 5.3!:2 00
R. Kleybolte & Co., Cincin
5,437 50 First National Bank, Chicago. 5.260 00
T. B Potter, Chicago
5,4-27 00 G.M. Brinkerhoff, Spr'gfleld... 5,2la 50
VV J. Hayes & Sons, Cleve. ... 5,415 00
Colorado Countj, Texas. Bond Election. An election
will probably be held this month to vote on the question of
issuing $30,000 bridge bonds,
Coxsaekie, N. Y.-Bond Sale.— On August 22, 1899, $6,0C0
d}/^% 5- 10 year (serial) water bonds were awarded to the
Catskill Savings Bank at 101 '35. Securities are in denomination of $1,000, dated August 1, 1899. Interest will be payable semi annually. Principal will mature one bond yearly
on August 1 from 1904 to 1909, inclusive. The present bonded
indebtedness of the village is $65,000. The assessed valua-
N. Y
105-25
L.
W.
Morrison,
New
Bonds are dated September 1, 1899.
Beaumont, Texas.— Bonds Appt ovtd.— This
Y'ork
113-03
city will issue
$14,000 funding-oebt bonas, that amount having been approved by the Attorner- General.
Bellaire, Oliio
J5o«ds Proposed.— The issuance of $40,OOO city hall bonds is proposeu.
Bonds Extenied.— The City Council has extended the time
of payment of $3,000 Cemetery Hill Road and $2,500 street
extension bonds.
Belleville, St. Clair County, III.— Description of Bonds.—
The $124,000 refunding bonds (which we stated last week had
—
.
—
tion
is
$1,145,502.
Falls,
Cuyahoga
Ohio.— Bond Election.— The Council has
passed a resolution authorizing an election to vote on the
proposition to issue $50,000 water-worhs bonds.
Dallas, Texas.- Bo?ids Approved .—The Attorney-General
has appi oved of the issuance of the refunding water-works
and general improvement bonds mentioned in the Chronicle
on August 12, 1899.
Dead>iood, S. Dale.— Bond Sale.— Thia city has sold to the
American National Bank, Deadwood, $20,000 water bonds
atJ.05-25.
—
neflance, Ohio.— Bo?7d Offering. Proposals will te received until 12 M. to-day (Sept. 2. 1899), for $13,000 i}i%
street-improvement bonds. Securities are in denomination
of $1,300, dated Sept. 1, 1&99. Principal will mature one bond
yearly, beginning March 1, 1901. A certified check for $500
on a Defiance bank will be required.
Delta County, Texas.— Bonds Authorized.— The issuance
of $35,000 court- ho 1.86 bonds has been authorized by the
Commissioners' Court,
Denton, Texas.— Bonds 4pj3rot-ed,— This city has had approvtd by the At tcrne) -General §16,065 15 funding bonds.
These bonds, it is stated, have been sold at par,
Detroit, Mich.—Bond Election Authorized.— The Aldermanic Committees on Judiciary and on Parks and Boulevards have recommended that the Council provide for the
submission to the voters at the fall election the question of
issuing $150,000 bonds for the improvement of Belle Isle.
Bonds to be Sold Kext Year.
are advised that the
$1C0,000 4<? 30-year refunding bonds mentioned in the Chronicle last week) will not be issued until early in 1£00,
Duntombe, Iowa.— Bond< Voted. This town has voted
to issue bonds for a water-works system.
— We
—
THE CHRONICLE.
510
—
Bonds Voted. At an election held August
school-house and $10,000 electric-light plant
1
bonds were authorized.
East Liverpool, Ohio.— Bond Election. An election wil
be held on September 23, 1899, to vote on the question of issuing $20,000 library bonds.
20-34 year
Bond Sale.— On August 23, 1899, the $15,000
(serial) road bonds and $26,015 6;^ 1-5 year street improve
Dnraat, Miss.
21, 18:»9, 112,000
—
H
ment bonds were awarded
The Lamprecht Bros. Co
to
Cleveland, at 110-59 and 10643, respectively.
the bids
,
Following are
:
Premimn
,
v
[Vol. LXIX.^
Tne total debt of the village, including this issue,
The assessed valuation is $229,677, about one-third
actual value. The population is estimated at 1,800. The
1,1914.
is $35,000.
circular states that the village has never defaulted in
of principal or interest of its bonded debt.
Grant's Pass, Ore.— Bonds Defeated. The proposition to
issue $50,000 sewer, light and water bonds was recently defeated by a vote of 114 to 104.
Green Cove Springs, Fla.— Bond Election Posfp'^ned.—A.n
election was to have been held in this place on August 15,
1899, to vote on the question of issuing $40,000 improvement
bonds, but was postponed, osving to an error in the ordinance
official
payment
—
$26,045
$15,000
and proclamation.
Greenspring, Ohio.— Bond Sale.— On. August 28, 1899. the
1,455 55
$15,000
5^ 115-year bonds were awarded to A. Rice of Fre1,653 00
1,157 00
1,p8500 mont at 107 006.
1,127 00
For description of bonds see Chronicle
K. Kleybolte & Co., Cincinnati
l,5^000
1,07000
Feder, Hnlzman &. Co., Cincinnati
August 19, 1899, p. 405.
1,4S8 60
960 00
Meyer & Kiser, Indianapolis
1,435 00
900 00
J. B. Work
Greenville, Ohxo.-Change in Date of Sale.— The date
1,350 00
750 00
New First National Bank, Columbus
upon which bids will be received for the $(56,000 4% street
For description of bonds see Chronicle August 12, 1899, improvement bonds has been changed from Sept. 14 to Sept.
p. 351.
29. 1899. A full description of the bonds was given last week.
Emporia, Kan.— Bond Sale.— This city sold last month
Grimes County, Texas.— Bonds Approved. The Attorney$50,000 4}^% refunding water-works bonds at 10 )-20. Bonds General has approved an issue of $9,000 bridge bonds.
will be dated Dec. 80, 1899, and will mature Dec. 30, 1929,
Uaddonfleld, N. J. -Bonds Proposed.—A petition is being
subject to call after Dec. 30, 1919.
circulated asking the Borough Council to issue $25,00 for
Euderlitt, N. Dak. Bond Offering. Proposals will be re- street improvements.
ceived until Oct. 1, 1899, by C. H Potter, City Auditor, for
Hagaman, N. l.—Bond Sale.— This village has sold to Dr.
$4,000 6% 20 year municipal bonds. Interest will be payable S. H. French, President of the Amsterdam Savings Bank,
semi-annually at the Chemical National Bank, New York $6,500 S}4% bonds. Securities mature one bond of $650 yearly.
City.
The price paid was par.
Fairbnry, 111.- Bond 0#ermgr.— Proposals will be received
Hamilton County (P. O.Cincinnati), Ohio.— Bond Sale.
until Sept. 6, 1899, by G. W. Bennett, City Clerk, for .$4,000 On August 26, 1899. the $4,750 3}4% 20-year bridge bonds
4^ water bonds. Securities are i a denomination of $1,000, were awarded to S. Kuhn & Sons, Cincinnati, at 107 52. Foldated Sept. 1, 1899. Interest will be payable annually on lowing are the bids
i% Bonds.
$1,688 50
Lamprecht Bros. Co., Cleveland
Briggs, Todd & Co., Cincinnati
W. J. Hayes & Sons, Cleveland
6%
floiKls.
$1,674 69
—
—
)
—
May
:
1
at the office of the City Treasurer.
May
mature one bond yearly on
clusive.
1
Principal will
from 1909 to 1912, in-
—
Falls City, Neb.— Bond Sale. It is stated that on August
28, 1899, the $31,000 i% refunding water bonds were awarded
For deto Stoddard, Nye & Co., Minneapolis, at 100"145.
scription of bonds see
Chronicle August
5, p. 300.
Falls Couaty, Texas. -Bond Sale.— An issue of $10,000
4% 5-20-year bridge bonds of this county has been purchased
by the State Board of Education.
Flrebaugh School District, Fresno County, Cal.— Bonds
Voted— On August 12, 1899, this district voted to issue $2,000
1% 1 and 2-year gold school bonds.
Fisher (111.) School District. Bond Sale— On August 15,
1899, the Champaign National Bank was awarded $2,5(10 5^
1-5 year (serial) bonds.
Bonds are in denomination of $iOO.
Franklin (Neb.) School District.- Bonds Defeated —The
propositioci to issue $5,000 school bonds failed to carry by
4 vo'es at the election held August 17, 1899.
Freedom Township, Minn. Bonds Proposed. This townshp proposes to issue $4,000 4%% 16-year bonds in aid of an
electric-railroad company.
Freeport (111.) School District. Bids.— Following are
the bids received August 4, 1899, for the $22,500 4% bonds
awarded, as stated August 19, to the German Insurance Co.
—
—
of Freeport
German Ins. Co., Freeport
Farson, Leach
& Co
,
*104'50
Chicago... 105'4 1
* Bidders giving school
with accrued interest.
district
I
I
Mason, Lewis <t Co., Chicago
First Nat. Bank, Freeport
105'.30
lOfOO
the privilege of future delivery of bonds
Securities are in denomination of $500, dated August 1,
Principal will mature $4,500 yearly on July 1 from
1907 to 1911, inclusive. The total indebtedness of the district is $46,500.
The assessed valuation is $2,279,000 and the
real value about $10,000,0 JO. The population is estimated at
1899.
15,0C0.
Galion, Ohio.
Bond
—
Ofjering.
Proposals will be received
until 12 m. Sept. 15, 1899, by J. O. Ross, City Clerk, for $3,500
4%% refunding electric-light bonds. Securities are issued under authority of Section 2701, Revised Statutes of Ohio. They
are in denomination of $500, dated Sept. 1, 1899. Interest
will be payable March 1 and September 1. Principal will
mature Sept. 1, 1909.
tilallatin, Tenn.— Bond Election Postponed.— The election
to vote on the question of issuing $5,000 water works bonds
has been postponed from August 34 to Sept. 15, 1899.
Galveston, Texas.— Bond 0/erwig.— Proposals will be received until 12 M. Sept. 16, 1899, by Theo. K. Thompson, City
Auditor, for $300,000 5^ 20-40-year sewerage bonds. Securities are in denomination of $1,000, dated August 1, 1899. Interest will be payable semi-annually in New York or Galveston at the option of the holder. Each bid must be accompanied by a certified check for $5,000.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Georgetown, Ohio.— Bonds to be L.sued.— The City Conn
cil is considering the question of issuing $10,000 bonds for an
electric-light plant.
Grand Rapids, Minu.— Bo»d Offering.— We are advised by
Fred. A. King, Village Recorder, that $16,000 5% funding
bonds will be sold at 8 !>. M. onSapt 11, 1899, Securities are
issued under authority of Chapter 223, Laws of 1899, They
are in denomination of $1,000, dated Sept. 1, 1899. Interest
will be payable March 1 and Sept. 1 at the Mercantile Na
tlonal Bank, New York City. Principal will mature Sept.
Kuhn & Sons. Cincinnati,., .$5,107 20
5,085 to
H. Kleybolte & Co.. Cincin
Feder. Holzman & Co.. Cincin. 5,083 50
Todd & Co.,Cincin....$5,"61 75
5,058 75
German Nat. B'k, Cincinnati.. 5.041 50
fall description of the bonds was given in the ChbonICLE August 12, 1899, p. 352
Briggs,
8.
.
Seasongood & Mayer. Ciucin.
.
.
A
Harris County, TexiiS. Bonds Proposed.—This county
submitted to the Attorney General too late for approval an
issue of $50,000 4^ 5-40-3?ear (optional) bridge bonds.
Under
the new law, which went into effect August 26, all bonds
not approved l»y that date must be submitted to a vote of
the people.
Harrison County, Texas. —Bonds Approved. -An issue of
$75,000 4% 40 year refunding court-house bonds has been approved.
No Bids Received.— '^o bids were received
for $2,100 5i borough-hall bonds. SecuriInties are in denomination of $300, dated August 7, 1899.
terest will be pa} able semi annually. Principal will mature
one bond yearly on August 7 from 1913 to 1919, inclusive.
Charles Handeworth is Borough Clerk.
Haywood, N.
on August
J.
7, 1899.
Helena, Mont.— Bond Sale. -Oa August 30, 1899, the $65,2( -year refunding bonds were awarded to the Union
Bank & Trust Co Helena, at 10l*123. For description of
bonds see Chronicle July 29, 1899, p. 246.
Houghton (Mich.) S-hool District.— Bowd Sale.—The
"Boston News Bureau" reports the sale of $50,000 43^^ 30year bonds to E. H. Gay & Co., Boston, at 103-50.
Hubbard County (P. 0. Park Rapids). Minn.—Bond
Election. An election will be held on Sept. 21, 1899, to vote
on the question of issuing $15,000 court-house bonds.
Hubbard, Texas.— Bonds Approved. City water- works
bonds amounting to $4,500 have been approved by the At000 4%
,
—
—
torney-General.
Humphrey, Neb.— Bond Sale.—Oa August
24,
1899, the
$5,600 6% 5-20- year (optional) water bonds were awarded to
Co., Chicago, at 106-25. Following are
Cbas. S. Kidder
the bids
&
$5,860 00
Chas. S. Kidder & Co.,Chicago.$5.950 00 G. W. Wattles, Omaha
5,936 00 J. D. Watterman, Rockford... 5.800 00
S. A. Kean, Chicago
5.708 00
G. M. Brinkerhoff, Springfld., 5,916 75 C. H. Imhoff, Lincoln
5.65600
W.J. Hayes & Sons, Cleve.... 5,913 00 C. H. Coffin, Chicago
3<)ii.
August 5, p.
For description of bonds see
I
1
1
|
Chromcle
Hyde Park, Ohio.—Description of Bonds.—The $15,000
town-hall bonds voted early this month will bear 4% intere-t,
payable eemi-annually at the Merchants' National Bank, Cincinnati. Principal will mature in from one to thirty years.
Bonn Offering. Proposals will be received until 12 m. Sept.
18, 1899, by Frank Lewis, Village Clerk, for the following
4^% 1-10-year street-improvement bonds:
—
denomination of $772 45.
denomination of $598 96.
August 9, 1899. Interest will
$7,72* 51) bonds, in
5.989 60 bonds, in
be payable
Bonds are dated
annually.
Itasca, Texas. Bonds Approved. —The Attorney- General
has approved of $6,500 water-works bonds and $6,500 refunding water-works bonds.
Janesville, Minn.— Bo^ds Defeated.— A proposition to
issue city -hall bonds was defeated at an election held July
•i7,
1899.
Jasper County, Texas.— Bonds ^pprowed.— Fanding-debt
bonds to the amount of $4,000 have been approved by the
Attorney General.
Lake County (P. 0. Tiptonville), Tenn.— Bonds Voted.—
Levee bonds to the amount of $100,000 were voted on August
per cent, payInterest will be at the rate of 5 or
able annually. Principal will miture 50 years from date of
We are advised by R. T. Nobles, Trustee, that it
issue.
will be some time before bonds will be issued, as a much
larger sum than the $100,000 voted must be raised in one
way or another by appropriations or otherwise.
3, 1899.
September
THE CHRONICLE.
3, 1899.]
Medo
P. 0.
Bine Earth
— Bonds
to be Issued. — This township proposes to issue $3, COO
Township
Lampasas Connij,Tex&s.— Bonds Approved.—The Aitoiney-General has approved of an issue of ^3,000 bridge bonds.
La Salle County, Texas.— Bonds Approved. The Attorney-General has approved an issue of |5,000 bridge bonds of
—
this county.
611
—
Lawrence Connty, S. Dak. Description of Bonds. We
week that this county had sold at par to the
American National Bank of Deadwood $112,000 o% 10-20 year
(optional) refunding bonds. These bonds were sold on Aug.
10, 1899.
They are in denomination of §1,000, dated July 1,
1899. Interest will be payable semi-annually in New York
stated last
City.
A}4% electric railroad-aid bonds. Securities will mature Jan.
The
1, 1914, lut will be subject to call prior to maturity.
date of sale has not yet been determined upon.
Mercer County (P. 0. Celina), Ohio.— Bo«d Sale.— On
August 18, 1899, $12,000 4% Jutte & Saalman road improvement bonds and $1,500 4% W. B. Doner road bonds were
awarded to .Feder, Holzman
Co., Cincinnati, at 10ri7.
Following are the bids
Feder, Holzman & Co.. Cin. ..$13,658 26 W. J. Haves & Sons, Cleve, .$13,536 00
Lamprecht Bros. Co.. Cleve. 13,644 00 Meyer & Kiser,Indianapolls.. 13.523 60
Bnggs. Todd & Co., Cincin... 13,616 CO SeasoDgood & Mayer($12,000) 12,120 00
3.605 00
Denison, Prior & Co.. Cleve.
The above bonds are issued under Title 7, Chapter 8, Revised Statutes of Ohio. Interest will be payable semi-annually at the office of the County Treasurer. Principal of
the $12,000 issue will mature yearly on September 1 as follows $2,000 in 1900 and $3,500 from 1901 to 1904, inclusive.
The $1,500 issue will mature $500 on September 1 of the years
1901, 1903 and 1904.
Millburn (N. J.) School District.- Bonds Defeated.— At a
meeting of the voters of this district held August 28, 1899,
the issuance of §9,500 bonds was defeated. These bonds
were voted at a meeting held June 21, and were sold a short
time after their authorization to the Franklin Savings Bank
of Newark at 105. The State Attorney-General declined to
approve of the proceedings of the earlier meeting, claiming
that the notices calling it had not been posted according to
law. Hence another meeting was called, with the above
&
:
:
$2,500
erter,
Holzman i
f 2.25<; 00
2,251 V
2,238 0"
2,325 CO
2,638 75
2,627 5U
2,626 oi»
2,617 50
2,615 00
Co.. Cincinnati
R. Kleybolte &Co.. Cinciuuati
Citizens' National Bank,
ebanon
Lamprecht Bros. Co., Cleveland
Briggs, Todd ct Co Cincinnati
Merchant.s' Naiioral Bank, Middletown
Seapongood & Mayer. Cincinnati
New First National Bank, Columbus
Denlson, Priori ( o., Cleveland
Maine Valley National Bank, Hamilton
'
2,6t»7
,
^,607
2,>'01
2,600
2,562
2,550
00
Water Bds
Strett Bonds.
ja.eaw oo
Waynesville National Bank, Waynesyille
liebanon National Bank, Lebanon
l"
$2.'
2,21 4
I
2,235 !0
OO
oo
50
00
50
00
2,21)1 f
2,16'; Oil
2,1^0 00
2.160 01
2,130 40
2.1t0i0
The
street bonds mature $500 yearly on Oct 1. from 1901
to 1905, inclusive.
The water bonds mature $1,000 on April
1 and October 1 of the year 1909.
For full description of
bonds see Chronicle August 5, 1899, p, 300.
Lima, Oliio.— ^0/<rf Electitn. At the November election
the question of issuing $100,000 4^ (serial) sewer bonds will
—
be voted upon.
Bellefoutaine), Ohio.— Bond Offering.
Proposals will be received until 2 p. M. Sept. 8, 1899, by
C. D. CamprelJ, County Auditor, for §15,000 4^ bridge bonds.
Securities are issued under authority of sections 871 and 872,
Revised Statutes of Ohio. They are in denomination of
$500, dated Sept. 1, 1899.
Interest will be payable semi-annually at the office of the County Treasurer. Principal will
mature Jan. 1, 1910. A cash deposit of $250 will be re
quired with each bid. All bidders will be required to satisfy
themselves of the legality of the bonds before bidding.
Los Angeles, G&\.—Bonds VUed and Defeated. At the
election held August 22, 1899, the issuance of $200,000 bonds
for common school pui poses was authorized, while the issue
for $200,000 for building high schools was defeated. The
election held on August '^3, 1899, resulted in favor of issuing
$2,090,000 water-works bonds. The vote on the water bond
question was 7,189 for to 973 against, nearly 1,750 more than
the necessary two-thirds.
Lynn, Mass. Bond Sale.— This city has awarded to Blodget, Merritt & Co., Boston, $25,000 4% water bonds at 116-17.
Following are the bids
Blodget, Merritt & Co.. Boston.. 116-) 7
116-04
Adams & Co Boston
K. I.. Day & Co., Boston
11 0-67
Estabrook & Co.. Boston
...115-5S
Logan Connty (P.
—
O.
—
—
:
,
Blake Bros.
&
Co..
Boston
..116-05
Bonds will mature July 1, 1929.
Madison Connty, Ohio.— Bowd Sale.- On August 25, 1S99,
$9,000 6< ditch bonds were awarded to the First National
Bank, Circleville, at 105-654. Following are the bids
:
First Nat. Btink, Circleville.. .*9,5C8
Feaer, Holzman & Ct-., Cincin. 9,4,iS
Brings, Todd & Co., Cincin...
».j27
W, J. Hayes & Sons. Cleve.... 9, "04
SeasoDKood & Mayer, Cincin.. «,367
.
Bonds are issued
$630
210
720
840
250
Lamprecbt Bros. Co.. Cleve... §9,364 60
00 Madison Nat. BanK, London. 9,36J 00
1-6
1
.
|
oO
00
00
Central
New ist
Bank of London
Nat. Bank, Columbus
for the following ditch
DmoininatiiDi.
$105
35
120
140
25
Higgins ditch bonds
Bland ditcti bonds
Gallagher ditch bonds
Roth ditch bouds
9,:-37
50
9,275 00
improvements
D('/io;ii((i(((iO)!.
*1,250 Scofleid ditch bonds
2.100 Emery ditch bonds
2,6'
$125
2i0
Poiter ditch bonds
'^60
lOO Bennett ditch bonds
40
Kemp ditch bnds
Securuiee mature one bond of each series each six months,
beginning March 1, 1900. They are dated Sept-. 1, 1900.
Madison Connty, Tex.—Bonds AutJwrized.— The Commissionerb' Court has authorized the issuance of $23,000 4^ refunding court-house bonds.
Madisonville (Ohio) School District.— Bonds Proposed.—
The question of issuing $100,000 school-building bonds is
being agitated in this district.
Marquette (Mich.) School District No. l.—Bond Sale.—
On Augufct 29, 1899, ihe $30,000 i% 10-year r^ funding bonds
were awarded to the State Savings Bank of Detroit at 10505.
For description
of
bonds see Chronicle Aug.
—On
&
:
,
seasongo'id ft Mayer, Cincinnati
Crughun Bank of KremoAt
S.
A. Kean, Chicago
First National Bank, Massillou
First Naiioual Bank, Barnesville
13,500 Bonds. $',oOOBo»irf*-.
$.1,629 00
$1,632 50
3,615 00
1,5^7 lu
l,o2«Vo
3,613 00
3,611 00
1,532 5"
l,53ii
3,598 00
3,585 00
1.525 00
i
3,57100
1,52100
Bids fcr ihefce bonds wtie received on Augast 22, 1899,
and a description of the securities was given in the Chronicle August 12, p. 352.
Mattoon Township, 111.— Bonds Voted.— At the election
held August 22, 1899, the issuance of $50,000 4^ 20 year re
funding railroad-aid bonds was authorized. A description
of these bonds was given in the Chronicle Aug. 19, p. 406.
Maverick County, Texas.— fonds ^i)p; oi-ed.— An issue of
bridge bonds amounting to -^S.GOg has been approved by the
Attorney- General.
.
.
|
i
1
I
:
result.
—
Milwaukee, TVis. Bids. Following is a full list of bids
August 25, 1899, for the $160,000 d}4% 1-20-year
received
street-improvement bonds
Second Ward Savings Bank,
Milwaukee
Allen, Sand &Co.,NewYork.$i 63.824 00
If3,f68 00
Adams & Co., Boston
Esiabrook* Co.. Boston.... 163,568 00
Wis. Nat. Bank, Milwaukee. 163,440 00
Duuscomb « Jennisoii. N.Y. 16,m,232 00
W. J. Hayes & Sons, Cleve. 163.' 07 00
.'eymour Bros. 4 Co.. N. Y.. It2,848 00
Mason, Lewis & Co.. Chic.
16-A520 (.0
E. D. Shepard & Co.. N. Y... 162,032 00
1(0,000 00
F. T. Terry, Milwaukee
$165,600 (0
Todd &
Co.. Cincin.. 165,050 7 6
Denison. Prior & Co., Cleve. 164,496 00
Briggs,
Farson,Leacb &Co., Chicago. 164,437 00
Minu. L. & Tr. Co ,. } ^"»°^n^r, 16^-320
i«j qoo n
.
.
i
(
Stodoaro, Nye & Co. \
Blodget, Merritt & Co.. Bost. 164,256 00
C. Schley & Co., Milwaukee. 164,256 00
Lampiecht Bros. Co., Cleve. 164,152 00
.
.
As Stated last week, the Second Ward Savings Bank got
the bonds.
Bonds Proposed. The issuance of $50,OCO school-house
bonds is being considered.
Monroe County (P. 0. Bloomington), Ind.— Bond Scle.—
—
On August
14, 1899, $30,600 1-20-year (seiial) Perry Township
gravel-road bonds were awarded to Campbell, Wild & Co.,
Indianapolis, at par for 4 per cents.
Muskegon (Mich.) School Distriit. Bond Offering.— Thia
district will sell between the hours of 2 p. M. and 4 p. M.
September 5, 1899, $15,000 i% school- building bonds. Securities are in denomination of $1,000, dated Sept. 1, 1899.
Interest will be payable March 1 and September 1 at the Importers' & Traders" National Bank, New York City. Piincipal will mature $3,000 yearly on September 1 from 1905 to
1909, inclusive.
New Canaan, Conn.— Bond CJ'ering.— Proposals will be
received until 4 p. m. Sept. :.0, 1899, by the Town Selectmen
for $100,00033^^ 30-year funding bonds.
Securities are issued under authority of Chapter 23, Title 5, General Statutes
of Connecticut.
They are in denomination of $1,000, dated
Sept. 15, 1899. Interest will be payable semi-annually at
the United States Mortgage
Trust Co., New York Ci'y.
certified check for $2,000 on a national bank, payable lo
the "Treasurer of the town of New Canaan," must accom-
&
A
pany
all proposals.
Northville,
Mich.— Bond Sale.— On Aug. 22, 1899, the $27,were awarded to Denison, Prior & Co.,
For description of bonds see Chron-
500 5% 30-ye4ir bonds
Cleveland, at 116*40.
icle August
12, p. 353.
—
This town will
to be Offered.
shortly offer for sale $115,000 ^}4% bonds. Securities are in
denomination of $1,000, dated Oct. 1, 1899, Interest will be
payable April 1 at the office of the Town Treasurer. Principal will mature in 1913.
Ohio University.-Bojid Sale.— The $10,000 5% 6 year
coupon bonds have been awarded to Feder, Holzman & Co.,
Cincinnati, at 109-40. For description of bonds see Chronicle
>orwich. Conn.— Bonds
July
8,
1899, p, 95.
—
Bond Sale. We have received officonfirmation of the sale of the $11,000 6% 10 year bonds
to James M. Andrew, President of the Second National Bank,
New Albany, at 121-125. The sale took place on August 7,
1899, on which day the following bids were received
J. M. Andrew, New Albany. .$13,323 75 Lamprecht Bros. Co-^ Cleve.. $12,776 60
Campbell, Wild & Co..Ind'li8. 13,250 00 H. Kleybolte 4 Co.. Cincin... 12.741 tO
Meyers Ki>er. indianap lis. 13,09ti 80 Seasongood & Mayer. Cin.... i2.H>i 50
Orange County, Ind.
cial
12, p. 352.
August 28, 1699,
MaS!«illon, Ohio.— Bond Sale
Ihe
$3,500 5% 1-5-year bonds and $1,500 5,^ bonds maturing $(J00
each six months were awarded to Feder, Holzman
Co.,
Cincinnati, at 103-686 and 102-16, respectively.
Following
are the bids
^
^
^^
Feder,
Holzman & Co., Cincinnati
New Fir>t National Bank. Coiumbus
.
1
.
.
Lebanon, Ohio.— Sond Sale.— On August 26, 1899, the
$3,500 5% street-improvement bonds and $2,000 5% waterworks bonds were awarded to the Waynesville Nat. Bank
at 105*56 and 112-60, respectively. Following are the bids
County, Minn.
Cream),
(
:
i
-----
l',665 40
Brl>:gs, Todd & Co., Cincin,.
13,< 90 00 Feder, Holzman & Co., Cin
W. J. Haves & Sons, cleve.. 13,042 00 Mason. Lewis & Co., Chicago. l-.',662 00
470 tO
Bank of Kentucky
(for
i^s)
Harris
00
&
Co.
12,9.5
N. W.
Orange County Bank
12,898 50.
interest will oe payable semi-annually from April 15, 1899,
and the principal will mature April 15, 1909. The above will
be the only bonded debt of the county. The floating debt is
$2,765 and the assessed valuation $4,043,341.
Ottawa, Ohio.— Bond Sa/c— The $7,225 67 Railroad Avenue
and $26,017 87 Third and Hickory streets 4}^% improvement bonds, lids for which were received on July 24, 1899,
Co., Cincinnati,
have been awarded to Rudolph Kleybolte
at 107-46, and the bonds will be aelivered in a few days. For
description of bonds see Chronicle July 15, 1899, p. 145.
PattOD, Cambria County, Pa.— Bonds Voted.~At the election held August 24, U99, the issuance of $7,000 4}4% 10-30year improvement bonds was authorized.
.
.
.
&
.
THE CHKONICLE.
512
Red Jacket (Village), Honghton County, Mich.— Bond
Sale.— On August 26, 1899, the $24,000 4%% bonds were
awarded to the Merchants' & Miners' Bank of Calumet at
101-58.
Following are the bids
Merch. & Miners' B'k, Calumet.$24,380 Seasoneood & Mayer, Cincin
$24,050
Mason, L,ewis & Co., Chicago
24,127 Denison, Prior & Co., Cleve
24,030
W. J. Hayes* Sons, Cleve
24,107
Bonds mature $8,000 yearly on July 1 from 1903 to 1905,
inclusive.
For further description of bonds see Chronicle
—
PhoenixTille, Fa.—Bonds Authorized. The Borough Council has voted to refund $169,000 water bonds.
Piqua, Ohio.— Bond iVetrs.— Water-works bonds of this
city to the amount of $150,000 will mature on Sept. 1, 1899.
In reply to our inquiry as to what action had been taken
toward the payment of these bonds, we are advised as follows
by Mr. Seth McColloch, City Clerk "There will be nothirg
done at present, on account of a tie-up in the Board of Counr
cilmen. The matter will come up later; in the meantime
the banks will, perhaps, take care of them,"
:
:
Plumas County, CaJ.— Bond Election.— An
August
election will be
:
March
1,
October
4},4
:
St. Cloud,
St. Cloud
has
INVESTMENTS.
APPRAISEMENTS MADE OR QUOTATIONS
KURNISHED FOR THE PURCHASE, SALE OR
The CITY OF
GALVESTON
offers
for
sale
^hree hundred thousand dollars (§300,000) five per
cent twenty-forty sewerage bonds of the denomination of $1,000 each, and dated August 1st, 1899. Interest coupons payable semi-annually in New York
or Galveston at option of holder. They have been
approved by the Attorney General and registered by
the Comptroller of the State of Texas. Sealed proposals for the purchase of the above for cash will be
opened by the Mayor and Committee on Finance and
Revenue of said city at nuon on Saturday, September
KXCHANGE OF ABOVE SECURITIES.
LISTS ON APPLICATION.
W. HARRIS &
N.
1
NASSAU
K.
C.
JONES &
Illinois Central,
Keech Creek
Western
RR.
1
38
48
48
3/^s
3!^s
48
48
48
i^loes
st l>lortgage
(Prin.and int. guar, by N.Y. Central & H.
Pacific
Rock Island
Baltimore &. Ohio, 1st mortsage
WBNt Knd St. Ry
West End St. Ry
(Mnciiinnii Edison Electric Co
United Electric Securities Co
&
Cniiagro
&
Perry, Coffin
Commerce Bide.)
of
State of ^'aaiaachu setts
Ciiy of Newton, Mans
4'ity of Maiden, Mass
Roston Teriiiioal Co
N. V. Central A- H. R. KR
Illinois Central, Cairo Uiidi;e
R. RR.)
4s
48
48
4)^9
."is
58
Burr,
6O state Street, Boston.
CO.,
State,
DEALERS IN
Municipal. Railroad,
Street Railway and Cas
check
for $5,000 as a guaranty of good faith, to be returned
if bid is not accepted.
The right is reserved to reject any or all bids. Proposals should be indorsed "Bids for Sewerage
Bonds," and addressed to
THEO.
ST. (Bank
EDWD.
16th, 1899.
Each bid must be accompanied by a
CO.,
BANKERS,
X
9,01100
9.000 00
Minn.— Bond SaZe.— The
S30O5OOO
Bonds
GALVESTON, TEXAS, BOUGHTMunicipal
AND SOLD.
25, 1899.
$9,022 60
8.094 00
8,(00 00
First National Bank
been awarded $5,000 5% temporary-loan
bonds maturing July 1, 1900. Loan bears date Aug. 15, 1899.
of
INVESTMENTS.
Government and
,
<t
Sewer Bonds.
yearly.
call after 10 vears.
Tex Aug.
$9,000 Street
$-,101 60
The bridge bonds are in denomination of $1,000, dated
August 15, 1899. Interest will be payable semi-annually and
the priocipal will mature August 15, 1909. The $2,000 sewer
and $7,000 street-improvement bonds are in denominations
of $200 and $700, dated Sept. 1, 1899.
Interest will be
payable semi-annually. Principal will mature one-tenth
< ity,
Bond Offering.— Fro'pcsals will be
S. Dak.
received until 8 p. m. Sept. 18, 1899 by the City Auditor for
$51,000 b% refunding water-works bonds. Securities are in
denomination of $1,000. dated Sent. 18. 1899. Interest will
be payable semi-annually at the office of the City Treasurer.
Principal will mature 20 yeais from date of issue, subject to
Galveston,
$8,000
Bridge Bonds.
Forest Lawn Trust
Sinking Fund
Denison, Prior & Co., Cleveland
Second National Bank
per cents.
SEWERAGE BONDS.
Is-
termined upon.
Saginaw, Mich.— Bids.— Following are the bids received
Aufiust 23, 1899, for the $8,000 i^% bridge bonds and $9,000
i}4% street and sewer bonds
Rapid
S%
to be
for the purpose of taking up outstanding notes. Securities
will be in denominations of $500 and $1,000.
Interest will
be payable annually. The date of sale has not yet been de-
1
NEW LOANS
1899.
swed.— This town proposes to issue $30,000 4$g 10-20 year bonds
and September 1 at the office of the Corporation Treasurer. A certified check or a certificate of deposit
of any banking company of Toledo, Sandusky, Oak Harbor
Elmore or Port Clinton, payable to George F. Meyer, Jr.,
Clerk, in the sum of $300, must accompany each proposal.
Ponghkeepsie, N. Y.— Temporary Loan.— This city has negotiated a small loan with the Poughkeepsie Savings Bank.
Loan matures d}4% interest, and will mature March 1, 1900.
Pratt City. Ala.— Bond Sale.- Oa August 28, 1899, $25,000
G% 20-30 year water- works bonds were sold at 102-10.
Princeton, Minn.— Bond Sale.— On August 5, 1899, the
16,000 water and light bonds were sold to the Minnesota
Loan & Trust Co., Minneapolis, at 100'66 and blank bonds
for
1,
Rnmford (Town), Oxford Conn It, Me.— Bonds
Interest will be pay-
1899.
election
held recently a proposition to issue $200 000 bonds for pikes
and other purposes was defeated by a large majority.
Rochester, N. Y.—Bond Offering.— The 1500,000 S14% bonds
which we recently stated had been authorized by the City
Council to fund outstanding notes and acceptances will be
in denomination of $5,000 and will mature 20 years from date
of issue. Proposals will be received for these bonds about
$3,800 5$ 2-21-year (serial) street bonds, in denomination of $180.
2,6C0 b% 2-11-year (serial) sewer bonds, in denomination of $250.
3,eoo £% 2-21-year (serial) paving bonds, in denomination of $lfcO.
Securities are all dated Sept.
19, 1899, p. 406.
Roane County, Tenn.— Bonds Defeated.— At an
held Sept. 2, 1899, to vote on the question of refunding the
county's indebtedness (which amounts to $35,100) with an
issue of 4^ 3 1- year bonds.
Port Clinton, Ohio.— Bond O^eWnfl'.— Proposals will be
received until 12 m. Sept. 9, 1899, by George F. Meyer, Jr.,
Village Clerk, for the following street and sewer bonds
able
LXIX.
fVoL.
County,
School,
City,
certified
BONDS.
New York,
Philadelphia,
Bonds.
Nassau Street.
421 Cnestnut St.
1
BRIGGS,
THOMPSON,
TODD
CO.,
8l
CINCINNATI, OHIO.
city Auditor.
Whann & Schlesinger, MUNICIPAL BONDS.
September Investments.
We Otvn and
DEALERS
Offer
3$.j0,000 City of St. Joxeph, Mo., i^chool
District
4s
MUNICIPAL
lO.OOO City
ot Pavvuee Oily, Neb,.
School District
.Is
6,000 Town of Shelby, Iowa, School
District
3, .500
Tonnot T.iaurens, lowd. School
District
41^8
BROADWAY
III.,
School
District
58
'5.350 Oronogo, Alitsouri, !>chool District
6s
3.300 County
ot Vermilion, III.,
School DIsirlct
58
13,000 Cirv of East Chicago, Ind.,
Water
58
43,000 City of Chicaeo, III., Improvement
Os
43,000 G% First I>lortKnK<> Gold Ilondn ol
Th*- Wanpnoa Electric Lisht «fc
Railway Co. ot Waupacii, Wis.
Descriptive circular forwarded on application.
T.B.POTTER,
•
DUKE
Chicago,
III.
•
M.
FARSON.
ISl*
Banker.
Dearborn
Wtr»«»l
CHICAGO.
NEW YORK.
MUNICI PAL BONDS.
trowbridge,
MacDonald
,58
3.000 County nf Ironuois,
172 Washington St.,
71
to 6?
Bend for our Investment Cironlar.
RAILROAD
dunlolpal Bonds.
48
3^
ALWAYS ON HAND.
SECURITIES.
30,000 Citv orHnstines, Minn., School
District
and
Securities Netting from
IN
& NiVER Co.
MUNICIPAL BONDS,
John
Nuveen
&
Co.,
INVESTMENT BANKE^.S,
l8t National
Bank Building, Chicago.
Correspondence
solicited.
Reference, First National Bon';, Ohieago-
Ut
Nat.
CHICAftO
Bank BUg.
WE DEAL
IN
AND WESTERN
SOUTHERN
SECURITIES.
ROSENBERttER & LIVERMORE,
(Specialists in Texas Investments),
FORTY WALL STREET, NEW VORK
C.
R.GOODE &CO.
HIGH-GRADE WARRANTS
Netting from 4 to
15
S^.
WALL STREET NEW YORK.
September
THE CHRONICLE.
2, 1899.]
Minn.—Bond Sale,— On August
St. Peter,
24,
$7,000 5% bonds were awarded to the First National
St. Peter at 107-14.
Following are the bids
First Nat. Bank, St. Peter
$7,600 00 Stoddard, Nye & Co.. Minn
1899, the
Bank of
^AriP
K.ane
Pn
A- *^o.,
i^
i
j
..*7,.'>46
(for 5* bonds)..
7.485 75
7,455 00
.
^^^ bonds). 7,032 50
Trowbridge. MacUonald4Niver
^f^^.
7.437 00
Chicago
Harris & Co., Chicago... 7,418 00
7,410 00
J. D. Cleghorn 4 to., Minn.
Co..
N.
$7.3P5 50
7,351 00
T ,350 00
Denison, Prior &Co.,Cleve....
J. G. Tegner
('. S. Kidder* Co., ChicaBC...
G. M. Brinlterhofl, Sprlngfl'ld.
W.J.Hayes & Sons, Cleve
Phelps. Eyman & Co., Chic...
Duluth Trust Co.. Duluth
Mrs. K. P. Cullen, St. Paul.
CO
W.
.
. . .
.
00
00
7..SOT 00
7,287 00
7,3>i6
7,:l]3
Sons, Cleveland
Denison, Prior & Co.. Clevf land
S. A. Kean, Chicago
.
Principal of these bonds will mature$2,000 on Sept.l, 1900,
1912.
1,
Salisbury, N. C.—Bond Election.— An election will be held
shortly to vote on the question of issuing $100,000 waterworks and sewerage bonds.
San Jacinto County, Texas.— Bonds Approved.— This
county recently had presented to and approved by the Attorney General an issue of $6,000 court-house bonds.
—
San Luis OhisT^o, Cal.— Bond Election. An election will
be held on Sept. 12, 1899, to vote on the question of issuing
$80,000 water bonds and $36,000 bonds for sewers.
ShelbyTille, Mo.— .Bond Election. An election will be held
on Sept. 4, 1899, to vote on the question of issuing §6,000
—
electric-light-plant bonds.
Sun Prairie, Wis.— Bond Sale.— On August 24, 1899, the
$12,500 water- works bonds voted on Jaly 31, 1899, were sold
to the First National Bank of Columbus, Wis., as S^ per
cents.
The bonds will run for 14 years.
Bond
South Bend, Ind.
Sale.
— Proposals
were received
as follows on August 26, 1899, by W. A. Rutherford, City
Treasurer, for $5,0r0 4% bonds, dated September 15, 1^"99,
and $5.0C0 4% refunding bonds dated Ssptembfr 20, 1899.
Bonds were awarded to The Lamprecht Bros. Co., Cleve-
Joseph County Savings Bank, South Bend
SouthBenrt National Bank
New First National Bank, Columbus
The bonds were awarded
to the
New
10,526
10,476
10,000
io.ooo
10,0
10,000
First National
Bank
Columbus, as all other bids were conditional. Securities
are in denomination of $1,000, dated August 1, 1899. Interest will be payable February 1 and August 1 at the National
Park Bank, New York City. Principal will mature onetenth yearly.
Tamaqna, Pa.— Bond O^ertn gr.— Proposals
until 8 P. M, Sept. 12, 1899,
will be received
of this bor$47,000 S^% bonds.
by the Town Council
ough—Samuel Beard, Secretary-for
Securities are issued for the purpose of refunding present indebtedness and to fund the floating debt. Bonds are dated
Oct. 1, 1899, and will mature Oct. 1, 1929, subject to call
after Oct. 1, 1904. Interest will be payable semi-annually.
Bonds are free from all taxes.
Toccoa, Gra.— Bonds to be Issued.— Thia town will issue
$9,000 school bonds in the near future.
Uvalde County, Texas.— Bond Sale.— This county has sold
the $11,000 4% bridge bonds recently approved by the Attorney-General, to J. B. Oldham, Dallas, at par. Securities
are in denomination of S500. Principal will mature in 1919,
subject to call after 1902.
Vernon Center, Minn. -Bonds Fo^f d.— This village has
voted to issue $2,500 bonds for a new school house.
Yictoria, Texas.— Bonds ReQistere i.— The State Comptroller has registered the $7,000 city hall and §7,000 streetimprovement bonds recently approved.
Walla Walla, Wash.- Bond Sale.-On August 24,
.
.
S. A. Kean, Chicago
St. Joseph Co. Savings
.106'64
105 SI
103-062
Bank,
South Bend
104'70
& Co., Cleve
104-05
W.J. Hayes & Sons, Cleve
.104-25
Chicago,.
Fa'-son, Leach & Co.,
Denison, Prior
will be in
Bond*.
$10,023
10.266
i(',75-i
St.
:
Lamprecht Bros. Co.. Cleve.
Mason. Lewis & Co.. Chicago
They
556
«11,119
of
and $5,000 on Sept.
land
6% Bonds.
W.J. Hayes &
7,268 10
7,260 00
For 20- year bonds.
•
Bond Sale.— On August 5, 1899, the following bids were
received for $10,000 6^ and $10,0C0 o% street and sewer improvement bonds
:
Minn. Loan <& Tr. Co., Minn..
W. C. Brown, Winona
513
102-50
&
New
1st Nat. Bank, Columbus...! na-oo
100-00
South Bend National Bank
denomination of $1,000, with interest payPrincipal will mature ten years from
able semi-annually.
date of issue.
1899, the
$217,000 30-year (optional) water and sewer bonds and the
$133,000 2(-year general municipal bonds were awarded to
Morris
Whitehead, Portland, at 100-60, the former to bear
5^ interest and the latter 43^.
WaupuD,- Wis.-Bond Sale.- On August 22, 1899, $6,000
5;^ electric— light bonds were awarded to L V. Hinkley of
Waupun at 116. Following are the bids
:
JMNVESTMIENTS^
NEW YORK
MJSCELLA^^^^
CITY
WON-TAXABLE
TRAWSMISSIOIV ROPE.
GOVERNMENT, MUNICIPAL
AND RAILROAD BONDS
WHITE &
C. H.
SEND FOR CIRCLLAR.
CORDAGE
M
A
S
CO.,
I
S AND
BANKERS,
o
SPECIALTIES.
'J
A
O
L
CO
Leach
Farson,
35
NASSAU STREET,
&
Company,
-
NEW YORK.
ri
BROADWAY. NEW YORK.
The American Man'f g
AGENTS FOR THE
ANOZO-A^MERICAlf BANK,
65 M-^ALL
Ltd.,
DBALBRS
clieck
sight
at
and Paris.
Loudon
in
Cable Transfers.
of Boston Stook Bzobange.l
Lamprecht Bros. Co.
CLEVELAND, OHIO,
Century BnUdlDs:.
DEALERS IN
BOSTON.
MUNICIPAL, RAILROAD,
STREET RAILWAY & CORPORATION
BONDS.
MASON, LEWIS &
CO.,
BANKERS
BOSTON,
MUNICIPAL
RAILROAD
CORPORATION
60 Devonshire
LISTS SENT
UPON REQUEST.
Choice lasues.
Street Railway and Gas Companies.
Tremble
&
BANHKKS,
Devonshire Street.
121
BOSTON.
Co.,
MUNICIPAL BONDS.
First National
LIST ON APPLICATION.
Bank
1941.
MUNICIPAL BONDS.
E, O. Stanwood Sl Co.
Information given and ouotations furnished concerning all classes of stocks and bonds that hare a
Cleveland market,
Devitt,
1,
Gold Bonds,
MILK STREET, BOSTON.
St.
BONDS"^'^^^v^"
•i}4%
ROLLINS & SONS,
E. H.
19
Co.
Railroad
DUE JULY
THE
Mo. 7 Congress and 31 State StreeU
CHICAGO,
171 La Salle St.
Rutland
^irst Mortgage
IN
INVESTMENT BONDS.
Members
IndiTidaal Accounts received snbjec
to
BANKERS/
STREET,
KE^V YORK.
Charing Croas, Ztondon.
ADAMS & COMPANY
Co.
Building,
CHICAGO.
Seasongood
8.
&
Mayer,
W. Corner Third and Walnut
CINCIIVNATI, OHIO.
Streets,
MUNICIPAL BONDS.
School Bond*.
Hlgh-Grade
City, County,
Town and
Issued in leading prosperous States of the Union, especially adapted for safe and permanent Investment
For Bstates and Trust Funds.
Blodget, Merritt
&
BANKERS
16
Co., F. R.
Congress Street, Boston.
13 Wall Street,
New York.
STATE, CITY & RAILROAD BONDfc
FULTON & CO., WM.
Municipal Bonds,
171
la salle street,
CHICAGO.
FRANKLIN HALL
Accountant,
«?""?'"^'
J^e/r
53 State Street,
BOSTON, MASS..
'
B)ok> audited. Examinations and InTesti^tions conducted with the i.tmoat care
and efficiency.
THE CHKONICLE.
514
L. D. Hinkley,
Waupun
W.
16,960 00
Trowbridge, MacDonald
&.
Niver Co., Cbicago
Farson.Leach a Co., New York.
E. M. Beach. Waupun
liamprecht Bros. Co., Clev.
T. B. Potter, Chicago
.
.
.
J.
Hayes & Sons, Cleve
Beaver Dam
CO Stoddard, Nye & Co., Minn
,
—
First Nat. B'k,
6,"44
6,708
6.615
6,604
6,577
I
00
00
20
00
$fi,5«3
6,50.1
0O
00
6,451
5(1
and to issue bonds for funding the
same and declaring an emergency,' approved March 21, 1890,
and will be given in exchange for the warrants of said county now outstanding against the general county fund and
the road and bridge fund to the person or persons who will
to contract indebtedness
Minn. L'n & Tr. Co.. Minn'Iis. 6,420 Co
6,245 00
C. S. Kidder & Co., Chicago
6,191 00
N. W. Harris & Co., Chicago
.
1
.
|
I
T^ enatchee, Wash.— Bo«d O^eringr.— Proposals •will be received until 12 M. Sept. 12, 1899, by O. B. Fuller, Town
Clerk, for $6,000 6^ 10 20-vear (optional) water-works bonds.
Securities are in denomination of $500, dated August 1, 1899.
Interest will be payable semi annually at the State fiscal
accept said bonds in such exchange at their pir or face value
bearing the lowest rate of interest, not, however, to exceed 1%."
Securities will be in denominations of from $100 to $1,000,
dated Oct. 1, 1899. Interest will be payable annually, and
the principal will mature Oct. 1, 1919.
"laterest on all such warrants now outstanding will cease
after the first day of October, 1899, and the purchaser or purchasers of bonds shall guarantee and indemnify the county
against any loss or damage to be sustained by reason of said
warrants not being presented for exchange and surrendered
at the oflBce of the County Treasurer on or before said first
day of October, 1899"
Takima County (Wash.) School District No. o.—Bond
Sale— On August 19 1899, the $2,500 lO-year bonds were
awarded to the First National Bank of North Yakima at par
for 5% bonds. Following are the bids
agency in New York City. The town has no outstanding indebtf dness at present. The assessed valuation is $138,000 and
the real value about |250,000. The population is estimated
at 400.
West Unity (Onio) School District.— Bond Sale.— On
August 30, 1899, the $6,000 4i^$gl-12year (serial) school bonds
were awarded to The Lnrnprecht Bros, Co., Cleveland, at
104 '83
.
A full list of the bids will be given
Wharton County, Texas.— B nd
Sale.
next week.
—The
missioners have sold to the Permanent School
county $1,600 5% 40-year bridge bonds at par.
County Com-
Fand
of the
White Plaius (Town). Westchester County, N. l.—Bond
Sale.— On August 28, 1899, the $78,000 3}4% 30-year road
bonds were awarded to Walter Stanton & Co., New York, at
106,
Following are the bids
106-01
Walter Stanton & Co., N. Y
Lamprecht Bros. Co., Cleve
102-3E5
102-25
Home Sav. «ank. White Plains.105-00 E. H. Gay & Co., New York
.101-876
1, W. Sherrill. Poughkeepsie.... 103-29
O.
Everltt
New
York.
& Co.,
J.
Ii. W. Morrison, New York
10ii-;5
Bertron& Storrs, New york....lOI-7»
Seymour Bros. & Co., N. Y
102-37
For description of bonds see Chbonicle last week, p, 462.
White Township, Kingman County, Kan. Bond'Snle.
This township has arranged through F. L. Martin, Hutchinson, for the sale of $10,000 refunding bonds.
Woodbine III. Loan Authorized. At an election held
August 8, 1899, the Commissioners of Highway of this town
were authorized to borrow $1 800 for bridge purp ses.
Yalfima County (P. 0. North Yakima), Wash.— Bond
:
For 5% Bond,".
First Nat. Bank, No. Yakima... 100-00
I
I
I
|
—
The Audit Company The
OF NEW YORK,
Threadneedle Street, liODdon,
England.
ESTABLISHED 1836.
Equitable
l-AID-UP CAPITAL,
£'i,\i(i2,400
£ i,'ZO^,loo
Commercial National Bank,
CHICAGO.
Capital, Si. 000,000. Surplus, SI, 000,000.
Officers.— James H. Eckels, President; John C.
McKeon, Vice-President D. Vernon, 8d Vice-Presl-,
Joseph T. Talbert, Cashier.
DiKECTOBS.— Franklin MacVeagh, Norman Wil-
Acting President,
L.
Secretary and Treasurer,
8i<S0,000
OFFICERS:
BiOKLOW, Pres't.
F. J. Kipp, Cashier.
Wm. Bigelow, V.-Prest. T. B. Camp, Ass't Cashier,
F. a.
Kbtteoeb. 2d Ass't Cashier.
San Francisco.
The
First
National Bank
UNITED STATES DEPOSITARY.
I)apltal, $1,300,000
Surplus, $1,000,000
e. G. MtTKPHY, President.
JAS. K. Lynch, CashierJames Mofpitt, V-Pres. J. K. Moffitt, Ast. Cash.
General Banking Business. Accou' ts Solicited.
Commercial and Travelers Credits issued, available
In all parts of the world.
I
Canal Bank,
MORRIS,
President.
Pres.
BDOAR NOTT,
Correspondents— National
Bank
of
EDWARD
City
WILLIAMS
FRALEIGH
RICHARD E. COCHRAN
GEO. Q.
C. P.
A.
J.
WHEKLWRIGUT
KEN WAY
L.
Walter G. Oakman
ti.
R.
:
Bulldei
JOHN J. TUCKER
B. H. PERKINS, Jr.. .Pres. Imp. & Traders' Nat. B k
Leath
J AMBS R. PLUM
Chapman.
reports on the
accounts and financial condition of corporations,
copartnerships, and individuals, and examines and
reports upon the physical condition of railroad, manufacturing and other properties.
Its services are of value to investors, financial institutions, borrowers of money, directors of corporations, merchants, firms, and purchasers of properties
CO..
DODD,
Benefit
NEW.\RK,
Acinary
Cashier
Medico: Director
FINANOS OOUMITTBB
Pres. Chem. Nat. Bank
GEO. G.WILLIAMS
Charles S. Fairchild,
Gustav. E. Kissel,
Isaan N. Seligman,
A. D. J uilliard,
Henry W. Poor,
Louis Fitzgerald,
President
Vloe- President
2d Vice President
8d Vice-President
..Secretary
Assistant secretary
N. J.
Fred. H. Smith,
NO. 8 BROAD STREET. NEIT TORK.
STOCKS AND BONDS.
UARQIN ACCOUNTS SOLICITED.
INTEREST ALLOWED ON BALANCES.
Application. Correspondeno*
Invited. EstabUshed 1868.
All classes of Unlisted Securities and Traction
Market Letter on
Stocks Bought and Sold.
SECURE BANK VAULTS.
President.
Liabilities (N.
Vice
Cashier.
POLICIES ABSOLUTELY NON-FORFBITABLE AFTER
SECOND YEAR.
Natlona.
St.
fjonls; N. W. National Bank, Chicago: Merchants'
National Bank. Rnstnn.
70
BURFORD
.
TOBY,
Bank,
H.
Assets (Market Values) Jan. 1, 1899.... $67,096,602 40
J.audN. Y. Standard).. 61,702,412 6P
5,394,189 71
surplus
Co.)
Commerce, New York; Boatmen's Bank
Fred.
ofvioebb:
UEORGE
WILLIAM T. STANDBN
ADVISORY COMMI'T'TSE OF STOCKHOLDERS. ARTHUR C. PBBRY
JOHNP. MUNN
T. Jefferson Coolidge, Jr.,
W. Bayard Cutting
A.VIZI
CAPITAL, 81,000,000.
J. 0.
at the Home Office, abi Broadway, New York.
George Coppell,
Joseph '^. Auerbach,
G. B. M. Harvey.
John I. Waterbury,
George G. Haven,
George W. Young.
LIFE INSURANCE
& Banking
been received.
RICHARD E. C0CHRAN,3dVice-President,
A. J. Cafsatt,
Marcellus Hartley,
Charles R. Flint,
The Mutual
NE\r ORLEANS, LA.
All Death Claims paid W^ITHOUT DI8('OUNT as soon as aatlsfaotory proofs hav*
ictive and Successful Agents, wishing to reprttent this Company, may communicate with
PERINE.
The Audit Compaiiy examines and
OF SAN FRANCISCO, CAL.
(Bnocessor of N, O, Canal
T.
THE CITY OF NEW YORK.
All Policies no^;^ Issned by tbia Company
sontain the tollo^^InK clause:
"After one year from the date of Issue, th«
liability of the Company under this poller
ball not be disputed."
During 1898 the Company made material
Increase In Income, assets and surplust and
can thus claim a substantial vain In the
most Important elements of safety and pros-
DTHFCTORS:
Frederic P. Olcott,
James Stillman,
William A. Nash,
from
ress.
WM. BARCLAY PARSONS
F. S. PEARSON
FORD, BACON & DAVIS.
August Belmont,
Transacts a Qeneral Banking and Foreign Exchange
BaslnesB. Collections receive Special Attention.
STEPHE.N LITTLE.
Consulting Engineers,
tfcKeon.
81,000,000
Broadway
Vice-President,
A. NASH,
Chief Consulting Auditor,
GREENE,
EDWARD
from
United States Life
Insurance Co.
IN
WILLIAM
Manager,
liams, Jesse Spalding, Wm. J. Chalmers, N. K. Fairbank, Robert T. Lincoln, James H. Eckels, John C
FIRST NATIONAL BANK
OF MILWAUKEE.
120
Biiildiug-,
AUGUST BELMONT.
THOMAS
101-76
lOl-OO
189»
l»60.
5
F. B.
..
MISCELLANEOUS.
MISCELLANEOUS.
Midland Bank, Limited,
CAPITAL,
SURPLUS,
:
—
Wm,
;
Spokane
Buckhart, Spokane
All the above bonds are dated Sept. 25, 1899. Interest will
be payable semi annually at the offi e of the City Treasurer.
Bids must be made for each block of bonds separately, and
the proposals for the paving bonds must be accompanied by
a certified check for $500.
Zapata County, Texas.— Boncfs Approved and Sold,
Court-house bonds to the amount of $10 00') have been approved by the Attorney-General. These bonds have been
taken by the Statf^ Board of Education. They bear 5% interest and mature in 40 years, subject to call after 10 years.
Offering. Proposals will be received until 9 a. m, Sept. 5,
1^99, by
B. Dudley, County Treasurer, for the exchange of about $92,000 funding bonds for outstanding warrants.
Bonds are issued 'in pursuance to an Act of the Legislature of said State, entitled 'An Act authorizing' and em
powering the organized counties of the State of Washington
Uent
&
$12,800 i% Mill Street paving bonds, maturing yearly on October 1, $1,800
J901 to 1906and jz.OOO in 1^07.
375 5% Hilker Street grading bonds, maturing $125 yearly on October 1
1901 to li)u3, inclusive.
—
-
E. Bell,
Olney
:
—
-
W.
For 6SS BoniU.
D. Perkins &Co.. Seattle.. 102-00
Youngstowu Ohio. Bond Offering.— Pco'posa,]8 will be received until 2 p. M. Sept. 18, 1899, by F. C. Brown, City
Clerk, for the following bonds
I
RE8ERVE FUND
Wm.
lOu-08
Spokane & Eastern Tr. Co
tor bUi% But as.
Morrison & Eshelman, Seattle.. 100'44
:
MISCELLANEOUS.
The London City &
[Vol. LXIX.
M. Smith,
SOUTH STREET,
AUBURN, NEUr YORK,
In case of lapse the Insurance Is continued in
ORCE as long as the value of the Policy will pay ton
r, if preferrei, a Cash or Paid-up Policy Value ts alowed.
Alterthesecond year PoUciesarelNCONTESTABLE,
and all reitrtctioru as tn reifidence, travel or eccupatirm are removed.
The Company agrees In the Pdlicy to Loan up to
the Cach Surrender Value when a satisfactory as
Blgnmect of the Policy is made us collateral security.
IjOsses paid immediately upon completion and approval of proofs.
GENUINE
WELDED CHROME STEEL AND IRON
Flat Bars and 5-ply Plates and Angles
&c.
be Sawed, Cut, or drilled, and positively
Burglar Proof.
Round and
Canni
t
POK SAKKS, VAULTS,
CHROME STEEL WORKS,
Kent Ave. Keap and Hooper Sts.,
SoleMan'ferslntheU.S. BROOKLYN, N.Y.
@FedFRASER