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pimnrial
^/C^ft"*i""ai
JI9E
(
mmtci^
Supplement
Quotation
Street Kail way Supplement
(Montiny)
Investors Supplement (guarteriy)
[Entered according to Act of Congress, in
VOL
tlie
Dana Company,
SATURDAY. SEPTEMBER
69
Supplement (semiAnnuaii^
State and Cit^
year 1899, by the William B.
in the oflBce of the Librarian of Congress.]
NO.
23, 189y.
Week ending September
Clearings
at—
1899.
PUBLISHED WEEKLY.
Terms of Subscription—Payable in Adrance
New York
:
$10
For One Year
6
For Six Months
(including postage)
12
European Subscription
Six Montis (including postage)....
7
European Subscription
Jt2
Annual Subsorlptlon in London flnoludlng postage)
00
00
00
00
lOs.
10s.
do.
do.
£1
do.
Above subscription Includes—
Street Railway Supplement
The Quotation Supplement
State and City Supplement
The INVE8TOB8' Supplement
Terms of Adrertising—(Per Inch Space.)
Transient matter
$4 20 Three Months (13 times). .$29 00
Six Months
STAMDINO BUSINESS OAKDS,
(26 " ).. 50 00
" ).. 87 00
Two Months
(8 times).. 22 00 Twelve Months (52
Six Mos.
Pittsbure
Baltimore
Buffalo
Washington....
Kochester
Syracuse
S'-ranton
Wilmington
Binghamton
I
I
London Agents:
Messrs. Edwards <fe Smith, 1 Drapers' Oardens, E. C, will take subaoriptions and advertisements, and supply single copies of the paper
at Is. «aoh.
DANA
IV^ILiIilAin B.
Pine Street,
Post Office Box 958.
354,200
Total Middle.
.1,241.586,582
Boston
Providence
Hartford
,1
New Haven
Spriigfleld
,
Worcester
Portland
Fall River
Lowell
719,435
Bedford...
Total New Eng.
Chicago
I
Milwaukee
Columbus
Peoria
The following
Toleiio
Grand Rapids
Dayton
made up by
SpringUeld,
been $1,981,167,111, against $1,735,277,728 last week and
$1,309,014,486 the corresponding week of last year.
Saginaw
Kocktord
Youngstown
111....
Lexington
Akron
Kalamazoo
468 700
Springfield, Ohio.
Canton
Tot. Mid. West'n.
San b'ranclsco
Week Ending September 23.
Clbabinqs.
Rttwrns by TeUyraph.
New York
$1,186,175,066
113,179,003
76,878,016
16,684,160
113,796,078
27,774,305
6,986,766
Boston
Philadelphia.
Baltimore
Chlca^io
St. Iionls
New Orleans.
Seven cities, 5 days
Other cities, 5 days
Total
all cities,
All cities, 1
Total
The
Salt
1898.
P. Cent.
$680,H4S,899
79,988.208
50,168,424
14,017,866
87,715,859
28,295,518
4,911,5?9
+ 17-6
+89-7
+84 -6
+41-2
.
5 days.
for week.
$1,480,817,984
190,100,486
$945,879,197
164,123,765
t56-5
+23-3
$1,670,418,420
310,748,691
$1,100,008,962
809,011,521
51-9
+ 43-4
$1,981,187,111
$1,309,014,486
+51-4
the week covered by the
above statement will be given next Saturday. We cannot,
of course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon Sept. 16, and the results for the corresponding
week in 1898, 1897 and 1896 are also given. In comparison
with the preceding week there is an increase in the aggregate
exchanges of three hundred and thirty-nine million
dollars, the gain at New York beirg two hundred and
twenty-two millions. Contrasted with the week of 1898 the
total for the whole country shows an increase of 280 per
cent. Compared with the week of 1897 the current returntrecord a gain of 236 per cent, and the excess over 896 is 961
per cent. Outside of New York the increase over 1898 Is 26 2
percent. The excess over 1897 reaches 23-4 per cent, and
making comparison with 1896 the gain is seen to be 61 '5 p. c.
full details of clearings for
'
339,100
296.088
285,114
252,641
255,721
182.392,892
25,762,494
2,355.392
1.821,948
2,138,634
149.688.413
18,801,747
1,965,349
1,532,876
1,345,205
1,268,303
810,862
669,143
608,138
326,837
114.696
21 -7
13-6
27-5
35-7
-I-6-8
+321
--14-8
--44-7
--320
--21-2
--22-6
-
-17*5
+9-9
300.30i
-i-11-7
-110
+39-3
359,114
253,200
-I-18-5
283 948
-tl-7
4-15-2
4-27-6
285,562
194,546
149,601
208.174
-1-21-8
139.124,620
-
-370
-
-19-9
-18-9
-
-590
-
-76-7
+56-5
-13-2
28,360.519
12,104,015
9,263,981
6.625,031
4,391,037
3,095,082
2,234,765
1,300,629
669,587
833.342
439.219
289.813
62,973
95.747
-I-19-5
12,204,363
9,933,809
5,420,570
6,000,905
2,415,925
1,398,221
750,000
41,405,2211
-(-23-4
40.400.973]
31,841,294
6.693,935
7.591,696
3.647 250
4.516.447
2.990.986
3-766 527
2.029.367
1.568,183
1,420,166
948,698
1.825.9H2
Helena
Fargo
Sioux Falls
28,258.199
5.806.974
5.896,190
4,262,600
4-12-7
4-15-3
28,942.259
6.118.874
5.874.082
3,373,^50
4 247,830
398155
129,864
Total Pacific
Kansas City
Minneapolis
Paul
Denver
Joseph
Des Moines
Davenport
Sioux City
St.
Topeka
Wichita
Fremont
Hastings
Tot. other West.
St. Louis
Orleans
Louisville
Galveston
Houston
Savannah
Riehmtind
Memphis
Atlanta
Nashville
Norfolk
Augusta
KaoxvlUe
531,477,
Fort Worth
624,881
Birmingham
Macon
Little Bock
590,701!
545,000
341.042
328,060
216,674
Chattannoea
Outside N.York..
Montreal
Toronto
Winnipeg
Halifax
Hamilton
79-2,719
John
Victoria*
I
12.000,.000!
9.487..5551
2,060,,208i
1.434,,924!
915,,468
698..294!
761,,0761
1.198.,821
26,596,,449'
I
Not included in
totals.
23.a30,277
--003
-f29-4
--23 6
--660
--11-6
--22-5
580 235
--311
719,960
507,771
271,519
110,231
87.460
--61-7
--791;
-(-101-2
-I-38-7!
-f-8-2
3,709,7.54
-I-20-3
-1-55-0
-)-50-7
2,157.349
1,222.503
1,326,077
948,001
787.121
1,102,202
419,795
765.511
412.657
760.000
253.840
304,546
168,580
4-330
-f30-6
4-19-7
-4-3
4-70-0
4-25-y
4-40-8
40
^8-9
62.694.855
-(-18-1
i
l,134.].'?0l
640,934!
4-29-0
-1-22-4
504.360.610
11,823,744
8,028,512
1.410.024
792.3!3
-181
--21-8
-
-1-205-2
598.082
434,243
652,681
347 543
433,000
242.642
341,557,
237,952'
636,529,,5001
--55-7
--72-8
-
+28-~
—14-4
4.174.0561
2,485.653
2,430,148'
1,346,168
1,179.479!
1,087,706
Jacksonville
Total Southern...
61,005.592
72,018, 646
Total all
1.735^77,,728 L355,523^244
Vancouver*
Total Canada
-111
-f38-4
1.262,494
1,156,378
718.004
St.
-(-1-8
27,443,156
2.241496
Spokane
New
89,246,938
74,135,641
9,358,250
5,098.670
5,426.572
4,170,927
3,055,700
1.828,237
1.386,844
1,184,333
716,993
558,555
-7-8
-5-1
20,363,533
1,619,325
2,245,436
1,404,618
800,000
615,992
747,781
400,000
105,961
57,873
Seattle
Tacoma
St.
128,216.819
95,973,154
12,081,850
5,938,416
6,382,904
5,245,602
3,747.300
2,520,691
1,817.937
1.883,452
846,484
699,101
-11
—130
51.109,017
Los Angeles
+85-8
+40-4
+38-9
479,167
584,225,512
76,470,796
3,792,700
2,155,661
1,313,533
1,144,755
1.477,210
1,236,597
709,473
496,101
468,112
+5-6
+6-3
37,984.859
14,464,346
11,954,175
6,623,061
5,680,450
3,824,107
3,709.410
1,451,547
820,406
1,092,399
710,499
519,165
126,689
132.763
Lake City
Portland
Omaba
day
all cities
1899.
112,068,573
5,182,600
2,417,909
1,583,785
1,327.998
1,576,213
1,643,008
1,145,038
792,528
-I-25-1
-I-24-3
+33-6
959.849
805,684
330,080
446,169
398.190
Bvansville
telegraph, etc., indicates
that the total bank clearings of all the clearing honses of the
United States for the week ending to-day, Sept. 23, have
table,
004,549,343
-I-39-3
-0-4
-3-6
1,601,569!
706.776'
104,139,422
12.281,850
6,449,176
7.494,063
4,977,183
3,981,300
2,275,860
1,424,111
1,585,346
949,232
782,902
685,276
300,391
399,435
447,163
336,500
286,197
291.256
182,152
219,250
200,348
1896.
-HOI
-I-6-9
483,5791
112,427,643
126,723,2781
13.948.600
8.224,988
10,169.003
5,315.422
5,259,000
2,611,722
2,060.070
2,093,473
1,150.000
1897.
+28-9
-I-60
+31-6
-15-7
]
16.
491,071.826
55,860,722
12,331,557
15,263,620
4,225,747
1,647,655
1,310,318
833.646
759,160
647,261
274,000
5,522,300,
2,325,402
1.517,389
1,565,119
1,542,190
1787-
887,640,441
72,679,964
16,185,607
17,498,897
4,514,746
1.543,486
1,520,505
941,803
929.762
746,132
348,000
742,400
150.185,7321
Indianapolis
CLEARING HOUSE RETURNS.
+29-1
+29-7
+44-6
429,703
New
Cleveland
NE1¥ ¥ORK.
134,301,525'
5.833,400
2,470,805!
1,500,038
1,361.4721
1.423,785
1,519,672
851,162,634
66,875,076
17,409,693
17,226,415
4,136,642
1,798,045
1.851,482
1,139,375
853,557
778,600
321,700
963,553,219
96,420,919
625.8971
Cincinnati
Detroit
OOIIIPANT, Pabllsbers,
Corner of Pearl Street,
1899
P. Cent.
1898.
,098,748,228
86,708,260;
25,172.627
18,259,294
5,445.4021
1,922,026
1,843,864
1,098,249
1,067,222
967,210
Philadelphia...
(semiAnnuaiiy)
H2 80
1
.40.S..547.125
515 906,684
-1-26-2
j
-M-5:
14.194,-<;52
-f-18-2;
K,232.403
l,4oO,.W6
301,327
278.100
258,704
208,432
198,016
135,275
150,386
108,450,962
14.810,460
1,066.057
974,656
842,541
535,857
425.000
501,315
516,473
254,488
50,622
19,977,469
9.654,608
7,064.838
3,021,288
4,246.820
2,114.999
1,075.376
800,000
586.965
345,102
416,044
265,747
54,477
68,463
U9.684.627
20.653,664
7,593,171
4,898,761
3,328,300
3,172 'ii;
3,714,099
1,976.908
1,793,641
1,487,312
734,600
943,446
1,234,737
385,094
583,867
333,828
230,982
240.000
191.010
53.498.236
885 102,744
394,030.918
10.681.993
6,18.3.587
-1-8-9
1,2.56,322
852,.S92
599.3i!4
1,142 568
1,140,676
781 ,682
595,777
-(-11-5
26.585269
20,526,283
--46-11
-26-5
--15-5
THE CHRONICLE.
61B
[Vol. LXIX.
1he gold and notes our banks
have lost other than
the amount the Sub-Treasury holds is, as we have
There was a further material decline in the actual st^^ated, in active use, and cannot be returned to New
and surplus reserves of our Clearing House banks, York. One purpose, or use, in which it is employed
according to the report of last Saturday,which brought is a special incident at this season of the year ; we
the surplus down to the nominal amount of $275,450. refer to the movement of the crops. That need, as we
Very naturally the stock market was demoralized the all know, occurs every year, and causes an active desucceeding Monday, and varying and unsettled con- mand it is operating now as usual in the autumn
ditions have prevailed since then. The loss in surplus months. Were the current period, however, alike in
reserve last week Avas attended by an actual loss in all respects to 1898 and other recent years, this call
specie of $5,060,600, in legal tenders of $886,800 and would presumably be arrested and the currency flow
in deposits of 115,055,700.
It is of interest to note reversed by the rates for money now ruling ; that
been the teaching of recent years.
But
that compared with the return the beginning of July has
there are two influences absorbing added amounts
when the loans of the banks were at the maximum of
the year ($786,884,000), last Saturday's return showed of currency to-day which have not been actOne is the
a reduction in the item of loans of $47,092,100, in ive hitherto for a considerable time.
THE FINANCIAL SITUATION.
;
specie of $26,443,500, in legal tenders of $8,991,700
very
lalrge
increase in
business transactions
now
in
Every dollar is called on to-day to do
and in deposits a reduction in the large amount of
As the deposits in the return of July 1 double work compared with a year ago and two years
$85,744,400.
aggregated $905,127,800, it appears that the contrac- ago. It passes from hand to hand so constantly that
progress.
week ago (September 16,) was
9^^
per
cent.
With such reduction in the
reserves and loans and deposits of the banks, it is no
surprise that the market values of properties, the
earning power of which is as yet unproved, should be
unsettled and decline.
The movement in Brooklyn
Rapid Transit has been the leading, and by far the
most conspicuous, feature, not only of the week, but
turn
has
opportunity to get into bank, or if it does
about get deposited the quickened demand does not allow it
tion in that item since that date, according to the reof a
it
little
Another influence acting
the higher wages paid in almost all
to rest there.
way
is
the considerable addition
made
to the
in a similar
industries,
number
of la-
and the higher prices ruling for so
many commodities. These changes, that is, the
higher prices and especially the increase in the
total men at work and in the wages paid, enforce the
of the period since the Ist of July, referred to above. use of a materially larger total of currency, and also
AVhen the Exchange opened on the 5th of July that results in a larger amount kept out of bank, and
stock sold as high as 119. At the opening of the Ex- so out of sight, in the pockets of the employed or in
change Monday September 18th the price was 87; the bands of the retailers or passing from hand to
from that it dropped to 78f and closed the day at 80|, hand. We consequently have little encouragement
with sales of 191,476 shares; Tuesday the sales were to look for lower interest rates except in a temporary
138,685 shares, highest price being 84^ and the close way, such as may come from a lessened use of money
80.
Wednesday the sales were 291,688 shares, the on the Stock Exchange, until we have imports of gold
Thursday or an outflow of currency from the Sub-Treasury.
lowest price being 75^ and the close 82f
borers employed,
.
the sales were still large, being 207,722 shares, but
the price improved again, closing at 87|. Yesterday
New
or increased dividend distributions by our rail-
This week
there was a further advance in the price, the closing roads still continue a feature of aftairs.
quotation of Friday being
and the sales of the the Pittsburg Cincinnati Chicago & St, Louis, or
92f,
stock for the five days ending with Friday being
1,005,451 shares.
is
in stronger
The claim
is
made that the property
hands now.
matter of frequent inquiry why 5 to 10 per
cent ruling here for money does not lead to an enlarged flow of currency from the interior to this
center.
Such high rates show it is much needed and
that it would find a remunerative market.
Th«
answer is not difficult. In the first place a considerable
portion of the gold and notes that have left the New
York banks is locked up in the Sub-Treasury; and,
Iq the second place, the funds that have gone to the
South and West have gone into active use, and for
the time being, and perhaps for a good many months,
those sections will have none to spare. These matters
it is well enough to keep in mind, for New York has
no way to supply what it has lost except from these
We see no way, notwithsources or gold imports.
standing much has been printed this week about the
banks putting up more United States bonds and
taking out bank-note currency on them. It is not
venturesome to assume, judging from the past, that
the net additional supply by that method the next
three months will not aggregate three million dolIt is a
lars.
Panhandle road, has announced another dividend of
1| per cent on its preferred shares, payment to be
The company
made on the 10th of next month.
paid a dividend of similar amount on these shares in
March the present year, this last having been the
Aside from the
first dividend since January 1896.
fact that the company is controlled by the Pennsylvania Railroad, the dividend attracts attention by
reason of the fact that a certain element among the
clamoring for
minority shareholders has been
dividends on both classes of stock, and has
instituted a suit to compel distribution of past surThe Panhandle seems to be sharing in the
plus.
Pennsylvania Railroad
The road's return of earnings
lines the present year.
for the month of August has just come to hand,
and it shows a gain of $267,769 in gross and of $51,For the eight months to August 31 the
520 in net.
gross is $1,115,024 ahead of that for the corresponding period in 1898 and the net $314,824 ahead. The
Evansville & Terre Haute is another company which
It last week dehas re-entered the dividend ranks.
clared a dividend of two per cent on its common
stock, payable the 19th of next month, this being the
general
prosperity
of
the
dividend on these shares since 1893. The company at the same time declared the full 5 per cent on
the coming
its preferred shares, payable one-half
first
September
THE CHRONICLE.
23, 1899.
617
and one of the large down-town banks reports loans
shares received 4 per cent in 1896-7 and 4 per cent in for four months at 6 per cent on railroad stocks.
There is a good supply of commercial paper, this
1898-9, but nothing was paid in 1897-8.
being the borrowing season with most merchants.
The anthracite coal shares have been showing great The city banks are, however, as a rule out of the
strength of late, and this week there was quite an up- market, and the buying seems to be confined to
ward spurt in the stock of the Delaware Lackawanna Western and other out-of-town institutions. Rates
& Western Company. This rise was accompanied by are 5| per cent for sixty to ninety day endorsed bills
the repetition of rumors which have been prevalent of receivable, 5^@6 per cent for choice and 6@8 per
late suggesting a probable stock distribution or the cent for good four to six months' single names.
offering to shareholders of rights of some kind. Noth- While some of the banks report fairly liberal shipOne fact, ments of money this week to the South, other banks
ing tangible has developed on this point.
however, is indisputable and that is that the anthra- note a lighter inquiry from their correspondents a
cite companies are experiencing greater prosperity few have had money returned from near-by points.
than for a long while past. The tonnage in anthra- The Canadian banks have received about -$1,500,000
cite is much heavier, and at the same time prices of in drafts from San Francisco and from Seattle.
The outcoal are better maintained than heretofore.
The political tension in Great Britain has been intoo, is considered
look for the immediate future,
quite promising, the revival so conspicuous in other creased this week by the diplomatic correspondence
departments of industrial activity having at length ex- between the Foreign Office and the Transvaal Clovtended to the anthracite trade. The Central of New ernment, but the situation does not seem to have yet
Jersey return of earnings for August has come to hand reached an acute stage. The Dreyfus incident in
within a day or two, and if the other anthracite carriers France has been closed by the pardon and release of
The Bank of England miniare doing equally well, their shareholders have no the convicted officer.
reason to complain. For the month the Central mum rate of discount remains unchanged at 3^ per
The cable reports discounts of sixty to ninety
reports 1303,486 increase in gross and $155,908 in- cent.
The open
crease in net, the latter an improvement of over 30 day bank bills in London 3f per cent.
per cent. For the eight months to August 31 the market rate at Paris is 3 per cent and at Berlin and
According to our
result is still more striking, gross having been added Frankfort it is 4|@5 per cent.
to in the sum of $1,604,824 and net in the amount of special cable from London, the Bank of England
The improvement here is over 20 per cent gained £101,639 bullion during the week and held
$828,500.
£35,714,406 at the close of the week. Our correin the gross and over 25 per cent in the net.
spondent further advises us that the gain was due to
The market for money early in the week was closer imports of £237,000 bought in the open market, to
and higher, but later it has been somewhat easier. £200,000 net received from the interior of Great BritThis change is due in good part to the liquidation ain and to exports of £335,000, of which £210,000
which has been in progress. An interesting feature were to Argentina, £100,000 to the Cape and £25,000
has been loaning of money on time by banks in West- to Egypt.
em cities, and also the purchase of paper in this market by these banks and by institutions at the East.
The dominating influence in the foreign exchange
Money on call, representing bankers' balances, has market has been the activity in our money market.
loaned at 10 per cent and at 2 per cent at the Stock Sterling loans, which were one of the features of the
Exchange during the week. Very small amounts have exchange market last week, have been large and these
been loaned at 2 per cent and comparatively little at will account for the general weakness of sixty-day
10 per cent the average for the week has been about bankers' bills. While short sterling and cable trans6^ per cent. On Monday the loans were at 10 per fers have fallen in sympathy with the decline in long
cent and at 6 per cent, with the bulk of the business sterling, it is reported that there have been liberal
at 7 to 8 per cent. On Tuesday the transactions were drawings of these bills for the purpose of loaning the
Some bankers report
at 8 per cent and at 5 per cent, with the majority at proceeds in our money market.
On Wednesday the loans were at 8 per a good supply of commercial drafts against cotton and
7 per cent.
cent and at 6 per cent, with the bulk of the business grain, while other bankers say that the offerings have
at 6 per cent.
On Thursday the transactions, until not been equal to expectations. It was reported on
the last half-hour, were at 7 per cent and at 4 per Wednesday that $500,000 gold had been obtained in
cent in the last half-hour there was a sharp fall in London for shipment hither. The principal exchange
rates to 2 per cent on liberal offerings by foreign houses were inclined to doubt the accuracy of the
bankers, and the last loan was at 2 per cent, but the report.
On Thursday London cables stated that
majority of the transactions were at 6 per cent. On bankers there admitted that £100,000 in bar gold had
Friday the range was from 7 per cent to 5 per cent, with been purchased in the open market for shipment to
the bulk of the business at 6 per cent. Banks and trust New York, but it was characterized as a fugitive
companies quote 6 per cent as the minimum, but the transaction and not important. It was reported on
majority of these institutions have loaned at the full Thursday afternoon that $1,000,000 gold had been obStock Exchange rates. Time loans have been freely tained in Paris for shipment hither. Gold received
made on good mixed Stock Exchange collateral by at the Custom House during the week, $191,898, of
local institutions and also by some of the Western which $120,000 was American gold from Havana.
banks, but the demand seems to be most uro^ent for
The range for nominal rates for exchange was from
loans on an admixture of railroad stocks and indus- 4 83 to 4 84 for sixty day and from 4 86^ to 4 87^ on
Loans on first-class security can Monday and Tuesday. On the following day the
trial properties.
readily be made at 5 per cent for thirty to sixty days higher short rate was reduced and the range on
and at 5|@6 per cent for from three to six months. Thursday and thereafter was from 4 82^ to 4 83 for
month and the other
halt next April.
The
preferred
;
,
;
;
THE CHRONICLE
618
and from 4 86 to 4 86^ for siglit. Rates lor
actual business opened on Monday one- quarter of a
cent lower for long, compared with those at the close of
last week, at 4 82^@4 82^, while short bills and cable
transfers were unchanged at 4 85|@4 86 for the
former and 4 86^ @4 86f for the latter. On Tuesday,
while actual rates for sixty-day bills remained unaltered, those for short and for cables were reduced,
the former one-quarter of a cent, to 4 85^ @4 85f, and
the latter one half a cent, to 4 86@4 86^, and the
market closed weak. On the following day actual
sixty day
[Vol. LXIX.
THF PARDON OF CAPTAIN DREYFUS.
We
presume that the FrcLch Government's action
of last Tuesday, in pardoning Captain Dreyfus, was
anticipated by most people familiar with the circum-
There is, in fact, a disposition in
some quarters to assume that the pardon of Dreyfus
was part of a pre-arranged programme, the first step of
which was the perfunctory condemnation of the accused officer with the recommendation by the courtstances of the case.
martial to executive mercy.
We
are reluctant to
one-quarter of a cent, to credit this theory, because it places the whole per4 82@4 82^, while no change was made either in short formance in a more unpleasant light, if possible, than
On that in which it stood before. We should prefer t.o
or in cables, and the tone was barely steady.
Thursday the market was weak at a reduction in beliftvCj in justice to the present administration at
rates for actual business of one- quarter of a cent all Paris, that President Loubet has exercised executive
rates
for long
sterling
fell
around, to 4 81|@4 82 for long, 4 85i@4 85^ for short
and 4 85|@4 86 for cables. On Friday the tone was
steady. The following shows daily posted rates for exchange by some of the leading drawers.
DAILT POSTED BATES FOR f OREIGN EXCHANGE.
MON.,
FRI..
Wed.,
TUES..
Thur..
clemency because, in common with the majority of
right-minded people throughout the world, he is convinced that the verdict at Rennes was contrary to justice and to the evidence submitted, and because his
hands are so far tied by the restrictions of his office
that this was the only reparation possible.
Some
FRI.,
Sept. 15. Sept. 18. Sept. 19. Sept. 20. Sept. 21. Sept. 22.
Brown Bros
5
60 days
(Sight...
Barins,
5
Magoun & Co..
Bank British
60 days
(Sight...
5
.
of
I
Montreal
Canadian Bank
,
of Commerce.
60 days.
(Sight...
5
''I'
days
(Sight..
Heidelbaeb, Ick 5 60 days,
elheimer & Co .(Sight....
Lazard Freres.
Merchants' Bk.
of Canada
83
83
83
83
86^
86«
86^
8614
84
86^
83^
83
83
87^
i?^
87
83
83
60 days
No. America.. (Sight...
Bank
83
4 87}^
'
4 83H
4 87
484
1
83 !4
87
84
87
4 87
484
8614
86!^
83^
83
83^
If^
83«
87
83
83
86 i,
83
87
83
83^
4 87
4
i?^
86J^
83«
4 87
4
83
87
83
87
83
86«
82^
82^
86
em
86J^
86«
484
83
83
82\i
82Vi
(Sight...
4 87
86><
83
86>i
86^
(60 days.
.
4 86J6
86
484
84
84
86
83
4 87Ji
S7%
S7H
^^
86
83
86>i
86«
5
60 days.
(Sight...
The market
closed
86^
steady on Friday, with rates
81|@4 82 for long, 4 85i@4 85^
Commercial
for short and 4 85|@4 86 for cables.
on banks 4 81|@4 8H and documents for payment
Cotton for payment 4 80|@4 81, cot4 80|@4 82.
ton for acceptance 4 81i@481iand grain for payment
4 81|@4 82.
for actual business 4
The following statement gives the week's movement
of money to and from the interior by the "New York
banks.
color of plausibility
is
lent to this supposition
by the outbreak cf snarling invective from the Paris
newspapers who have represented in this matter what
they are pleased to call the cause of the army. But
we do not anticipate nor, we suppose, does anybody
even that self-besmirched secelse, that the army
tion of the army which goaded on the prosecution at
Rennes will protest against President Loubet'^s action. At best the position of these officers is not enviable. If they have shown remarkable obtuseness to the
sentiments of personal honor commonly ascribed to the
military caste, they 'must nevertheless be sufficiently
men of the world and sufficiently versed in international affairs to feel some sting of ignominy from the
unanimous outbreak of indignant foreign protest over
They were,
the recent court-martial performance.
welcome
the
first
to
an
exwe suspect,
ecutive move which, while it could not mitigate the disgrace of the affair, would at all events,
—
—
to
some
extent
the burden of outside condemnation.
The
verdict
opinion
public
as
Rennes they
goes,
relieve
probably continue to regard as
their victory, as a vindication of the methods which
Shipped by
Net Interior
Received by
Week Ending SepUmber 22, lg9».
Movement.
N. Y. Banks. N. T. Banks.
they have for five years pursued regarding this unLoss. $2,676,000
Currency.
$2,946,000
$5,622,000
fortunate man and anybody who dared to sympathize
597,000
Loss.
Gold
886.000
1,483,000
with him. They are welcome to their delusion, and
Loss. $3,273,000
Total gold and legal tenders.
$3,832,000
$7,105,000
since the appeal to justice in the army failed to reis as habilitate France in the eyes of the outside world, it
With the Sub-Treasury operations the result
follows.
is well that the Civil Government should do what it
at
will
can to repair the mischief. For this much must be
remembered in all the chorus of angry foreign deBanks.
Bank Holdings.
Loss. $3,273,000 nunciation: that whatever may be said of the French
Banks interior movement, as above $3,832,000
$7,105,000
Loss. 2,000,000
19,100,000
21,100,000
8nh- Treasury operations
army's connection with this affair, the hands of its
$22,932,000
Loss. $5,273,000
Total gold and legal tenders.
$28,205,000
courts of civil justice are clean, aqd M. Loubet's acThe following table indicates the amount of bullion tion, following General Gallifet's courageous policy,
in the principal European banks.
goes far to place the Civil Executive in a similarly
honorable position.
September 21, 1899.
September 22, 1898.
We are inclined to regard this whole Dreyfas
Bank of
Gold.
SUver.
Total.
Total.
Gold.
Silver.
episode as an incident absolutely unique in histoiy,
1899.
£
BDgland
France
Germany.
76,937,060 47,641, 406!
26,859,000 13,836 ,000
5,146, 000
Russia
Aust.-Hung'y
Spain
91,712,000
Italy
15,550,000
1,432 ,000
2,742,000
5,963, 000
2,946,000
1,473, ,000
Netherlands..
Nat.Belg'm...
Out of
Banks.
£
Net Change in
£
35, 714,406
35,714,406
...
Into
£
Week Ending September 22,
36,749,000 12,080 000
13,224,000 13,681 000
804,883
33.804,883
124, ,!578,46e
844,840 49.768,463 124,611.303
695,000
729,000 14,285,000 42,014.000
858,000100, 588,000 4,218,000 110.806,000
49 429,000] 35, 281,000 12,580.000 47,861.000
26 905,000j
724,000 5,399,000 16,123,000
982,000,
,783.000 2,200,000 16,089.000
705,0001
,315,000 6,779,000 11,094.000
4.288.000
,859,000 1,429.000
,419,000t
Tot. this week 302,433,4(i6 101852406 404.285.872:310.928,723 96,662.463 407,591,186
Tot. prev. w'k 304.172.885 101877606 406,650,49l'311.912,220 96,735.820 408.648,046
which makes peculiarly difficult discovery of its meaning and of its probable consequences.
The death sentence of Admiral Byng a century and
a half ago is recognized by historians as an unjust
verdict; but Byng had certainly made mistakes, his
mistakes had inflicted on his country loss both in territory and in prestige, and it was these facts which
inspired the popular pressure which the court martial
and
it is
this
September
THE CHRONICLE.
23, 1899.]
and the Home
Office failed to withstand.
The
exe-
Louis XVI. resulted from an unjust sentence; but the revolt of a people, however blind
and savage in its nature, against the abuses of
tyranny has no
monarchical
century
a
of
with the Dreyfus case.
point
resemblance
of
We have hitherto poiuted out the analogies
of this episode with the Popish Plot in England, snd we are still inclined to think the resemblance nearest in that comparison. But Dr. Oates,
perjurer as he was, had behind him no organized
class or institution of the State which was suborning
perjury.
The popular anti- Romanist frenzy which
cution of
made Oates and Bedloe
possible has, it
is
true,
much
619
the strange proceedings of the Government in regard to
the refugees in the Rue Chabrol can be explained ex-
unwillingness to give even the excuse for a
general outbreak.
Nor can we see any other explanacept by
its
French people regarding
Dreyfus matter than their feeling that if the outbreak is to come, the army and its leaders must at
all hazards be kept satisfied and loyal.
That the
army itself needs thorough reformation in its ideals
and practices has been proved as conclusively by
the proceedings at Rennes as by Lionel Decle's monograph, and the French people certainly cannot fail
to see the system's points of weakness.
But reform
in methods is a matter of the future ; protection
tion for the apathy of the
this
which the mil- against internal enemies, or against those external
itary clique in the Dreyfus case availed themselves; foes to whom more citizens than General Mercier
but when the Ifciglish public had awakened from attribute a continual purpose of attack, depends in
their infatuation, it was possible for the normal order the popular mind on the attitude of the army.
This
of things to be restored, for the true culprits to be feeling amounts in France almost to an article of
punished, and for a nation to repent of its wrong- creed, and it cannot be dismissed as a passing halludoing and to make some honest reparation for it. cination. It is not the frantic harangues of a BeauSuch a sequel of events needs only to be described to repaire or a Deroul^de on which such a conclusion
show how far from any such possibilities is the Drey- must be based. Unemotional commoners like Oavfus case.
The utter failure of appeal to history is one aignac, and experienced statesmen such as Freycinet,
reason for the pessimism of critics of the Dreyfus have shown by their public utterances at Rennes and
elsewhere that the same misgivings and the same
case in regarding the situation of France.
The reassuring fact in this whole unpleasant state clinging to the military force as the safeguard of
of things lies in the history of the present French France influence minds not governed by the hysterRepublic, which has shown a most extraordinary capac- ical frenzy of an hour.
We can understand, even if we cannot sympathize
ity for dealing with seemingly hopeless situations
and adjusting itself, with friction perhaps, but never- with, the tendency of a people in this position to retheless with good effect, to the actual necessities of gard the "affaire" not as an incident in a great probthe day. All readers of the newspapers especially of lem of moral right or wrong, but as a most unfortuthe English newspapers have grown used to weekly nate occurrence for the public peace of mind, and as
predictions of an impending French revolution and something which ought to be compromised or supoverturn of the social order. But the overturn does pressed with the least possible noise and the least
not come, and the instant a strong hand is seen to be possible delay. What the outcome of it all will be
at the rudder of State, France seems to sink back with so far as regards the army itself we confess is a pera sigh of relief and thankfulness. We are aware of plexing problem. We suspect that France, as well as
the prevalent feeling, which cannot be pronounced the rest of the world, would breathe more easily if
wholly baseless, to the effect that a peculiar crisis is the resolute old General de Gallifet were to remain
confronting French society, which in different ways in undisturbed control.
has inspired the attitude of both Frenchmen and
similarity to the anti-Semitic frenzy of
—
—
THE ATCHISON REPORT.
foreigners regarding this season's remarkable affair.
The vague intimation that "something is likely to
happen " in the Grovernment or politics of that
nation may be, and very possibly is, a product of the
general restlessness of the day, which manifests itself
more strikingly, as such conditions always have done,
in the affairs of France.
Possibly the shadow will
fade away as so many other political clouds have done
in France during recent years. Or it may be that the
outcome will be a much-needed strengthening of the
hands of Government for it is a strong administration for which many observant students of the times
believe France to have been groping, and there is a
very general feeling, in and out of the country itself,
that things cannot go on much longer exactly as they
The influences favoring conhave done in the past.
servative solution of social and political problems
;
are so overwhelmingly powerful in these days that a
change, if change there is to be, is more likely to
come on those
lines
than on any others.
In other words, we think predictions of a violent
movement against the existing order very ill-grounded
a belief in which we have been strengthened by the
;
and absurdity of all recent demonstrations in
that direction. Yet in any situation of the kind there
futility
is
always the inevitable "perhaps."
We do not see how
The impression which study
just submitted, of the Atchison
Railway Company leaves
of the annual report,
Topeka and Santa Fe
(1) that there has been a
very extensive amount of new construction and improvement work done, partly out of earnings and
is
from capital account; (2) that there has been
wonderful progress and expansion in the traflBc and
revenues of the system, and (3) that the property is
being managed with increasing economy and efficiency.
The results which always attend such conditions have
been experienced in this instance, namely increased
partly
returns for the security holders, the Adjustment Income bonds getting the first benefits and then the
preferred stock falling in line and receiving dividends
which hardly any one had dared look for so soon.
Attention was directed a year ago to the heavy outlays for improvements and additions, and reference
made
to the statement of the
management that the
extraordinary betterment expenses paid for out of
earnings might be expected to decline after the close
of the calendar year 1898.
This expectation has been
measure realized, and yet the expenditures in this
way have been very heavy nevertheless. From the
in a
analysis of the operating expenses given in the report,
Tfe find
that $7,672,108 was spent
upon Maintenance
THE CHRONICLE.
620
Boad and Structures
While
in the late fiscal year.
compares with 18,281,398 for 1897-8, thus showing a reduction of $609,290, it compares with but
$7,007,345 in 1896-7. Upon Maintenance of Equipment more was spent even than in the preceding year,
the figures being $4,810,795 for 1898-9, $4,659,278 for
of
this
[Vol; LXIX.
net earnings were not afected by the change of
methods noted.
The total of the net is $12,906,81Y for the late twelve months, against $10,707,764 in
1897-8 and $8,396,428 in 1896-7— an improvement in
the space of two years of over 50 per cent.
After deducting rentals and other similar items, the
amount net for the late year was $11,429,969, and the strength
1897-8 and $3,826,816 for 1896-7.
The
charged in expenses was equal to no less than $2,032
per locomotive, $715 per passenger car and $74 per
freight car.
Over 248 miles of track were ballasted
new, 168 miles of ballast were renewed, 681 miles of
new steel rails laid, 111 miles of second-hand steel
rails laid, 496 miles of new fencing put in, 13 miles of
wooden bridges, trestles and culverts replaced by permanent work, and 2,587,883 ties in the track renewed.
In addition to this work, paid for out of earnings,
almost four million dollars more was spent for improvements, extensions and additions, which have been
charged to capital account in exact figures, the outlay paid with new capital was $3,919,726.
—
matter of course that, as the result of
expenditures and outlays, traffic is being
these heavy
moved with much greater economy and efficiency.
The company transported 1134- million tons of freight
It follows as a
more one mile than
in the previous year,
and did
it
with an actual decrease in the freight train mileage,
the number of miles run by the freight trains being
only 16,737,227, against 18,436,412, while the freightcar mileage was reduced from 370^ million miles to
354 million miles. The average train load was raised
from 142 to 161^ tons, or not far from 14 per cent.
The showing here is more noteworthy than might
appear from the face of the figures. The improvement has been almost wholly the result of the increase
in the capacity of the cars, effected in considerable
part through the strengthening of the old cars.
The
company had the benefit for only two or three months
of the larger engines provided.
With these engines
in use the whole twelve months, and with more of the
same kind provided (48 locomotives being on June 30
1899 under contract for delivery during the three succeeding months, in addition to 58 delivered in 1898-9),
the showing for the current or new fiscal year may be
expected to be yet more striking.
With reference to the growth in earnings, this is
not reflected to the full extent in the company's statement of earnings. Apparently the increase in gross
receipts over the year preceding has been only $1,299,399.
But
712 in the
the report
this
is
in
miscellaneous
face of a decrease of $599,-
earnings, such
decrease,
company's income position will be apparent
whe^ we say that with this amount of net the obligatory ifixed charges were only $5,188,132, leaving a balance of $6,241,837. Parenthetically it may be pointed
of the
out that these fixed charges consist almost entirely of
the interest on the 4 per cent general mortgage bonds,
whiclj are practically a first lien
on the entire system
thousand miles, the only underlying interesttbearing bonds outstanding unon any railroad in
the System being the $1,500,000 of Chicago & St.
Louis bonds and $629,000 of bonds still out on the
Chicago Santa Fe & California Railway. Even as regards the Adjustment Incomes, the company's position is a very strong one, for the call at the full 4 per
cent on these incomes was only $2,053,840, as against
the $0,241,837 of earnings available.
Deducting the
income interest, the final balance of net income was
$4,187,997, which is equal to 3| per cent on the $114,199,530 of preferred stock outstanding. It will be remembered that in July the preferred stock was
put on a basis of 2^ per cent dividends, payable
per cent each six months.
The first dividend ever
paid on this preferred stock was 1 per cent last Januof over seven
H
ary.
The 2i per cent
will call for $2,854,142.
the balance of income was, as
we have
As
seen, $4,187,-
997, there will thus remain It million dollars surplus
over and above even these dividend requirements.
The
report points out that the prospects for busi-
ness during the current year, so far as they can
now
be forecast, are fully as good as for the year covered
This seems a moderate statement
by the report.
considering that business revival is still in progress,
and that Kansas, in which so large a part of the
mileage of the system is located, has been blessed
the present season with a phenomenally abundant
corn crop. As bearing upon the importance of this
last circumstance, it is worth noting that the gain in
the freight
traffic
in
the late year was not in the
agricultural tonnage, of which indeed only 2,901,093
tons were moved, against 3,009,264 tons in 1897-8.
In wheat there was considerable increase, the tonnage being 949,204 tons, against 861,108 tons, reflecting the exceptional wheat crop raised in Kansas,
but the corn tonnage fell off, being only 376,750 tons,
against 582,023 tons, the Kansas corn crop in 1898
having been poor. The current season this situation
the wheat crop is not as good as last
is just reversed
year, but the corn crop is of extraordinary dimensions,
tells us, being due to a change in the
methods of accounting by which balances only are
stated (instead of the debits and credits in full) in
the case of such items as car mileage and rentals of
locomotives, cars, tracks, terminals and switching.
Bui for this change of method, miscellaneous earn- being estimated at above 300 million bushels, as
ings would have increased $22,437, instead of showing against but 133 million bushels in 1898 and 162
:
$599,712 decrease. It follows that, except for that, millions in 1897. From that source, therefore, there
gross earnings would have been $622,149 larger than is certain to be a considerable gain.
reported, making the increase $1,921,548, instead of
We have stated that the late year's increase in
Nor should it be forgotten that the traffic did not occur in the agricultural tonnage.
only $1,299,399.
improvement comes on top of a very much greater Nor yet did it occur in what are termed "Products of
increase in the year preceding, the addition then hav- Animals," such as live stock, dressed meats, etc.
—
ing been over 5^ million dollars $5,580,459. Hence, These items amounted to only 1,209,638 tons in
in two J ears gross earnings have been enlarged over 1898-9 against 1,295,777 toQS in 1897-8. The increase
In other words the took place in mineral products, embracing coal, coke,
7i million dollars— $7,502,007.
Altototal of the gross for 1898-9 (allowing for the elimina- ores and stone, sand and other like articles.
amounted
tion of the items referred to) was $41,135,648, against
gether the mineral
but $33,633,640 only two years before, in 1896-7. The
against 2,737,727 tons, being 479,053 tons increase, as
traffic
to 3,216,780 tons,
^
\
September
IHfi
23, 1899.]
CHRONKXE
igainst only 354,657 tons increase in aggregate t(inrage
It may be a surprise to hear that the
pf all kinds.
621
At first sight, when compared with
to 5| per cent.
the Bank of England rate at 3^ per cent and the offic-
formed 31 13 per cent of the total ial minimum in Berlin at 5 per cent, this rate of discount may appear as comparatively cheap; the facts,
freight traffic, whejeas the agricultural tonnage can
Lumber is however, must not be overlooked that discounting
stituted only 28*08 per cent of the whole.
another item that increased, with 893,808 tons, against with the central institution is by no means an easy
861,159 tons; and manufactures with 1,087,636 tons, thing, and that the real market quotations, the only
against 1,063,823 tons; and merchandise with 686,964 ones with which commerce has to reckon, are far
All these are classes of above the official minimum of the Imperial Bank. On
tons, against 673,880 tons.
circumstances, that the Imtraffic that vary directly as general trade is active or the other hand, the two
With our industries still enjoying ex- perial Bank is known to hold an amount of gold,
the reverse.
panding prosperity all over the United States, and quite unheard-of in former times, and that its entire
with the Kansas farmers especially favored by reason note circulation is amply over-covered, seem to justify
of the great corn harvest gathered, there is no likeli- our central institution iu keeping down its minimum
[nineral traffic
hood
of a contraction in these items of freight,
The passenger
rather the contrary.
traffic
but as low as possible.
too on the
Atchison has taken a sharp spurt forward, in part as
the result of the circumstances mentioned, in part
because of the Atchison's splendid road and facilities.
It may have escaped notice that of the gain in earnings in 1897-8 $1,180,598 came from passengers and
of the gain in 1898-9 $778,780 came from that depart-
ment, making pretty nearly two million dollars.
Further additions from that direction the current
year would be no surprise.
The company's finances are in excellent shape.
After having for a long time refrained from putting
on the market the general mortgage 4 per cents to
which it was entitled for improvements and additions
made (the idea in withholding the bonds being to get
the advantage of improved prices), nine million dollars of the bonds were disposed of in the late year.
The accrued interest to June 30 on the Adjustment
Incomes is now carried as a liability in the balance
sheet; this made total interest unpaid and accrued
cannot be denied that money is ex-^
tremely scarce throughout the country, chiefly on account of the many millions that were raised during
the last few years, partly for the building of railways,
partly for the creation of new industrial ventures
now being practically absorbed and giving so far but
Moreover, the circulation of
little or no return.
money in Russia cannot by any means be compared
with that in any other country; for, excepting the
highly developed private banking in the Western and
Southern provinces, it is the Imperial Bank, possessing a great many agencies scattered all over the
country, that has to perform the whole gigantic work
of distributing and transferring money throughout
the Empire. Under such circumstances it will readily be understood that money, when once brought out
to the remoter provinces, is very slow to find its way
back to the large financial and] industrial centres, all
the more so as, in spite of the inducements held out
by an excellent system of savings banks, very large
ISTevertheless
it
June 30 $3,539,777. Accrued taxes added $736,295 amounts oi money are constantly withdrawn from
more to the current liabilities, besides which there circulation in order to be hoarded away by their
were $4,403,522 of accounts payable, giving altogether
about 8f million dollars. On the other side of the
account, however, we find $5,530,207 of actual cash,
$3,200,053 of accounts receivable, and securities
valued at $3,136,909. The company is also carrying
an unusually large stock of materials and supplies,
the total June 30 1899 standing at $2,860,778. This
means that extensive purchases were made when
prices were still low in anticipation of the subsequent
rise.
We notice that $500,000 was written off from
cost of property, for discount on bonds sold, the
credit balance to profit and loss being correspondingly
reduced. This is a conservative step. The report
discusses the various
new
acquisitions, particularly
the San Francisco & San Joaquin Valley Railway.
russian ceo ps, finances and
railways:^
owners.
Hence, judging from the undeniable scarcity of
money, the question arises whether or no our means
of circulation are altogether sufficiently numerous and
wheiher the Minister of Finance, in bis ardent desire
to transform our inconvertible paper- currency of
former times into a currency resting on a solid basis
of gold, did not shoot beyond the mark in withdrawing
from circulation more paper money than he wished or
was able to replace simultaneously by an equal amount
of gold coins.
At present our gold
long time as to the probable results of this year's harvest; but, according to recent information, drawn
from official sources, a decided improvement has set
in during the last couple of months, so that a wheat
crop of about the average may reasonably be expected.
In some districts, especially so on the banks of the
Volga and in Poland, the expectations are very favorable, although harvesting is still a good way off.
A few days ago the official rate of the Imperial Bank
for discounting three-months acceptances^was raised
Commnnlcated by a Special Correspondent at
St.
Petenbor^.
is esti-
mated at about 400 millions of roubles, to which
amount all notes in circulation have to be added, for,
as pointed out above,
our notes are not only entirely
covered by the Government's holdings of gold, but
there still remains over and above a very substantial
reserve of the precious
metal in the hands of the
Government. This is a state of things that compares
singularly with the issuing practice of all other issuing
banks in existence; for with us notes are not created
Petersburg, August 22, 1899.
Rather unfavorable rumors have been afloat for a or withdrawn, owing
St.
circulation
known
to
market requirements, but are
to serve now-a-days the only purpose of taking
the place of gold coins for the sake of greater convenience and simultaneously reducing expenses when
money has to be sent from one place to another.
The St. Petersburg and Moscow bourses were most
seriously
excited at two different occasions during
the last few weeks.
First, when it became known
that the firm P. P. von Dervis had suspended pay-
ment, and second when another formerly very
wealthy concern, S. Mamontow, had to be declared
bankrupt. The circumstances, however, under which
THE (mRONICLE.
622
the two firms suspended payment are widely different,
owing to unlucky specufor while the Mamontows
lation have lost everything, the assets in the Dervis
roubles, against
failure are valued at 32 million
which liabilities stand with only about 26 million
—
—
roubles.
The von Dervis
failure was chiefly
brought
about by the fact that the firm, after having acquired
very substantial holdings in a great many industrial
undertakings, one fine day found itself neither to
possess enough ready money nor to have any fresh
credit offered to it, in order effectually to continue its
various industrial interests.
However, it cannot be denied that the condition of
our industry in general is a highly satisfactory one,
and that owing to the prosperous state of trade all
over the world good results may reasonably be exOur furnaces are hardly able to meet the
pected.
enlarged demand for pig-iron, and the produce of
the numerous petroleum ventures on the Caspian sea
is marketed at, on an average, altogether very remunerative prices.
At present our prominent
naphtha producers are studying the question by the
aid of which expedients our naphtha exports abroad,
especially to Germany, as to the most important
[Vol. LXIX.
through Siberia, may indeed
prove very slow before yielding any appreciable retura.
For instance, doubts are entertained whether
the nature of our possessions in Asia is in reality similar to that of certain parts of the United States.
It
is true of course that the parts of the United States
to which allusion is thus made (namely, the West,
where agriculture is now in a most flourishing state)
owe their actual condition solely to their having been
opened up in time by means of railroads. But to
point to one difference only it must be confessed
that our provinces in Asia are far from commanding
a population which, regarding their standard of education and even their individual capital, may be compared with the immigrants into the Western States of
America. For with us, to put it broadly, only those
peasant families decide upon emigration who have
lost (in many cases owing to their own carelessness)
everything at home, and who, when arrived in Asia,
as regards the lines
—
—
are obliged continually to resort to the
Government
for help.
It will therefore
be readily believed that our pos-
sessions in Asia cost us every year fully 25 millions of
what they yield, a fact that constiamong oil-consumiug countries, may be increased. tutes a heavy drain on the national treasury, without
So far, it is true, the very fat profits reaped in the there existing very definite assurance that the huge
naphtha business within Russia's own borders have amounts of capital which have so far been sunk in the
arid soil of Siberia will ultimately prove to have been
delayed any real interest in petroleum exports.
About two months ago an issue of 4 per cent bonds of profitably invested.
the Moscow- Windau-Rybinsk Railway, amounting to,
roughly, 3 millions sterling and bearing the guaranty RAILROAD GROSS AND NET EARNINGS
of the Russian Government, was offered for subscripFOR JULY.
tion on the London market, and, according to general
Our compilation of the gross and net earnings
roubles in excess of
of
the issue has proved a success. This atUnited States' railroads for July discloses no new featracts attention because the Moscow- Windau issue
ture, but serves to emphasize the favorable nature of
was universally considered to be nothing but a '' ballon the results for that month. To the activity of
trade
d'essai,'' to test the London market, whether, at a
there was added a grain movement of exceptional
given moment, it could be found willing to absorb
dimensions, and thus the conditions were propitious
also a more substantial Russian loan.
For at present in the highest degree. In the gross the increase on
Paris as well as Berlin and Amsterdam are holding
the roads reporting reaches almost 12^ million dollars
such considerable quantities of Russian Government
($12,415,169), or 18 76 per cent; in the net nearly
securities that the Minister of Finance cannot reckon
5:^ million dollars ($5,245,121), the improvement in
upon them to supply him with the large amounts of this last instance being over 25 per cent 25 '87 per
capital he will have to ask for, sooner or later, in
This confirms what we have said on previous
cent.
order to carry out the huge railway and other schemes
occasions, namely that both for ratio and amount of
that were worked out of late years for the purpose of increase the month
would rank with the very best on
promoting the economical development of Russia and record.
her possessions in Asia.
It deserves to be said that last year in July the
assertion,
—
The Moscow- Windau-Rybinsk Company makes
use
showing was rather indifferent, the net having fallen
Government's guaranty, merely in order to behind and the gross recording only a small increase.
secure better conditions regarding interest, etc., for But there had been continuous gains in the years pre
it is quite in a position to cover the service of its
ceding, ever since the collapse in 1893 and 1894.
Here
bonds out of its own earnings. The company, it is is the record back to 1894.
known, has developed from quite small beginnings
Oroti Barningt
Net BxrHilt^*.
into being one of ourbigtrunn lines and seems, more- Ttar and
of the
Sfwnber
over, to be destined to a still greater future; for, as
being connected with the big Siberian line, it
serve as the highly important
line of conjunction between the Baltic Sea, in Europe,
and Vladivostock, the well-known military and commercial port in the Russian Far East.
On the other
it
is
will,
when completed,
hand the
local
line
from
St.
Petersburg to the Im-
perial chateau at Zarskoje Sjelo has been ceded to the
Moscow-Windau Company, which
in
this
possession of a terminus in the metropolis
way gains
that
it
has
lacked so far.
Talking of our railway policy in general, the Gov-
ernment
money
is
often blamed
for
investing
too
much
in the construction of railways, which, chiefly
Tear
Tear
of roadt.
Oiven.
Preceding.
July.
1894 (186)
1896 a38>
42.883,827
1890 (186)
1897 (181
IHdS (189)
1899 (121)
an.l
July
$
55.118.279
54.643.904
61.324,344
47,879.485
Irurea$e or
Decrease
Tear
Tear
Oiven.
Preeeding.
T
$
-8.460.517
»
12,357.609
14.9ei,0&F.
<-7.238.794
16,308.861
l:<,200,3i:0
B4.085.126
+567,7 "b
16167,117
16,8S''.188
63,667.783
5W,810.5<i4
19.f81.64H
17.276, 85
67,870.981
67,669.187
+4.257.8-1
•301,774
20.,'>7rt.918
21,634.909
78,577,250
66,162,0S1 +12,416,169
26.623,5t}3
20,278,44-.;
Increase or
Decreate.
(
—2,663,446
+3.106,541
+268.961
+2,605.264
-947.991
+6.246.121
to
81.
1894 (121) 297,54R.940 857,697 093 -eo,148,15;l 82 168.351 101.808,997 -19,646.646
(KU6 (13 ) 351.899.487 334.843 967 +17,1 55 5i! 101.208 115 K0,985,8 6 +10,222,299
U9« (125) S«l,°6i.0S2 347,946,,107 -13,413.9;: 10<',472.30 99 3,025 +8,419,280
1897 (12.il 8'18.42fl.«19 'i61.f4H. 554 +e,776.fH6 111,092 2-1 102,09 i,('82
8.9U9.849
1898 (121) 44H.841.049 404,8 1 4<2 +42,639 61 131 7i!7,"24 116 1-1 199 +16.576,486
1'.»>97, 64
1899 (107 46 ',627,744 411.197,,251 +3H.430.49!) 1:<8.72<.H-<|
In the case of the separate roads, we have numerous
exceptionally heavy increases both in gross and net,
and naturally they come from all parts of the coun-
\
September
mv
23, 1899.]
CHRONICLE.
623
any consequence are very few, and ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S.
"ollow from special causes— the Buffalo Rochester &
—The sales of bank stocks this week were limited to 100
Pittsburg because of a strike at the coal mines on the shares, of which 50 shares was a Stock Exchange transaction
ine, the Denver & Rio Grande because of the ore and the balance auction sales. Trust company stocks were
Below we show all gains, traded in to the extent of 322 shares at auction and no sales
j^melters' strike, &c., &c.
at the Exchange.
and also all losses, exceeding $30,000.
Price.
Bliares. Banks— JVeio York.
Last previous tale.
PRINCIPAL CHANGES IN GROSS EARNINGS IN JULY.
The
ry.
losses of
increases.
Increased.
Northern Central
West. N. Y. & Penn.
Pennsylvania t
$1,678,600
Phil. &Read. &C. &I.
1.254,117
Chic. Mil. & St. Paul...
849,284
Chic. Burl. & Quia
764,081
'132,436
Erie
Southern Pacific
Leh.V. RR. & L.V.Coal
Atch. Top. & 8. Fe....
Northern Pacific
Mexican Central
Louisv.
Nashv
Canadian Pacific
«fe
Central
Central of New Jersey
Illinois
UnionPaciflc
Grand Trunk System.
Chic. R.
&
I.
Pac
Wabash
Norfolk & Western
Mex'n International..
Hocking Valley
Southern Railway
Clev. CiJi. C. &8t. L..
.
Min.
.
& S. S. iM...
St. P.
Chic. Great WestPrn..
Burl. C. Rap. & North
Chesapeake & Ohio...
Minn. & St. Louis
Allegheny Valley
t
687,15S
512,500
436.173
433.464
357,384
338,553
334,268
329,716
277,694
229,798
224,514
214.126
193,974
1 87,607
125,898
121,802
110.264
108,745
108.640
95.374
90.379
89,566
89.478
87,175
$83,300
..
82,53^
73,079
Lake Erie & Western.
Chic. & East Ills
St. Louis & San Fran.
Rio Grande Western..
Iowa Central
71 ,569
67,006
65,071
64,410
63,419
60,345
5 8,937
55,751
55.042
54,844
52.900
95 America, Trust Co. of
100 Internat. Banking & Trust Co
75 North American Trust Co
50 Produce Exchange Trust Co
2 U. 8. Mortgage & Trust Co
Long Island System
..
46.' 70
Louisv...
45.681
& West
Kan. C. Ft. So. & Mem.
N. Y. Out.
.
Chic. Ind.
&
& Eastern
PereMari....
St. Paul & Duluth
Phil Wilm. &Balt ...
Gd. Rapids & Ind. Sya
Peoria
Flint
43,438
39,343
36,355
35,400
31,825
&
Total (rep. 66 roads) $12,249,785
Decreases.
Roch. & Pitts
Nash. Chat. & St. Louis..
Greg. R.R. & Nav'g'n....
Butt".
Total (rep. 3 roads)..
..
$67,571
51.442
41.702
$160,715
Covers lines directly operated east and west of Pittsburg and Erie.
lines increased $919,400, and od Western lines
The gross on Eastern
increased $759,200.
PRINCIPAL CH.VNGES IN
&
Atch. Top.
San.
Fe..'.
Pennsylvaniat
Chic. BurL & Qain
Chic.
MIL &
Paul.
St.
.
Canadian Pacific
Southern Paciflo
Louisv.
Erie
&
Nashv
Mexican Central
Leh. V. RR. & L.V. Coal.
Northern Pacific
Central of New Jersey
lUinols Central
...
Phil.<fe Read, and C. & I.
Chic. Rock Isld. & Pac.
Minn. St. P. & S. S. M..
Norfolk & Western
Union
Pacific
Southern Railway
Hooking Valley
Mexican Internat
Rio Grande West
Grand Trunk System...
IowaCentral„
Greg. RR. & Nav'g'n....
NET
EARNINGS IN JUL.Y.
Inc-reases.
$498,420 Houston & Texas Cent.
461,100 N. Y. Out. & West
447,658 Chic. Great West
257,537 St. Louis Southwest
242.273 West N. Y. & Penn
241.381 Wabash
217.123 Chic. &East nis
216.930 Mexican Nat
209,350 Elgin Joliet & East
200.806 Chic. Indplis. & Louisv..
186.250 St. Louis & San Fran
1 60,9 < 2
501
110
lOSi^
Trust Companies— JVsw York.
St. Louis So' western
N. Y. Susq. & Western
Mexican National
Elgin. Jol. & Eastern.
West Jersey & Seash'e
•
378i2
30 Corn Exchange Bank
5 Park National Bank
'.")0 Phenix National Bank
5 Shoe & Leather Bank, Nat
10 Western National Bank
Clev. Cin. Chic.
&
St. L..
$55,158
51,663
50,732
48.114
47.487
46.429
45.974
43,006
42,667
39,443
35,504
34,669
32,606
30,500
146.453 Burl. Ced. Rapa. & No...
140,028 West Jersey & Seashore.
119,048
Total (representing
105.714
99.468
52 roads)
$5,140,789
88,971
87,946
Decreases.
76.4^6 Nashv. Chat. & St. Louis $54,846
74,831 Buft'alo Roch. & Pitts....
47,296
68,975 Denver & Rio Grande. ..
32,641
68,671
62,717
Total (representing
57,827
3 roads)
$134,763
'
370
2.')0-252
..
155
174
195
540
"
'99- 370>«
June """
July •99-
4995g
'99- 111
July '99- 103
Sept. '99- 40213
Sept.
Sept. '99— 250
Aug. '99- 160
Sept. '99— 171
Sept. '.'^y-
'200
Aug. '99- 540J«
Sale at the Stock Exchange.
—Brief reference was made two weeks since in this column
to the results of the conference at Cleveland of twenty-three
of the principal clearing house associations to consider the
matter of country check collections. It appears from the
statements of New York bankers who attended the conference that the consultation was important and likely to have
a decided influence
upon the check-collection policy
of the
banks in clearing houses throughout the country.
Though the New York Clearing-House Association did
not formally appoint delegates to the conference, having
already established a check-collection system, it was thought
proper to delegate a representative of the association to fully
explain at the conference the New York system. To this
end Mr. James G. Cannon, Vice-President of the Fourth National Bank of this city, was authorized to represent Mr.
William A. Nash, Chairman of the Clearing-House Committee.
This, as the sequel showed, was a wise selection, Mr.
Cannon being thoroughly familiar with the details of the
New York
check-collection system.
There were present at the conference representatives from
twenty three out of thirty-one clearing-house associations
which had been invited, and the only important body not
represented was the Philadelphia organization. Previous to
the formal conference, Mr. Cannon discussed the matter with
prominent delegates to the conference, and he found that
there was quite a general consensus of opinion in favor of
the New York plan, and he was requested fully to explain
this plan before the conference.
The first important action taken at the conference was the
adoption of the following resolution, noted in this column
two weeks ago,
offered by Mr. George Qugenberger. Presi-
Covers lines directly operated east and west of Pittsburg and Erie.
Thenet on Eastern lines increased $129,700 and on Western lioes
" That the
dent of the Atlas National Bank of Cincinnati
practice of charging exchange for the handling of out-of$331,400.
town items is just and proper, and within the scope of legitiWhen arranged in groups, we have striking evimate banking. Therefore, all bankers, both city and coundence of the exceedingly encouraging character of the
The
try, are entitled to receive the benefits of the same.'
results, for every group, without any exception,
vote on this resolution was almost unanimous, only one delerecords an increase in both gross and net. Moreover, gate dissenting.
the ratios of gain are very heavy indeed, amounting
Mr. Cannon, in explaining the New York system, gave a
in the case of four of the nine groups to over 40 per brief sketch of the manner in which the details of that plan
cent in net. The Eastern and Middle group has a were ad.ia8ted. The matter, he said, was under consideration by the special committee having it in charge for considlow percentage of increase in net by reason of the
erable time (nearly three months) before the report was
loss on the Buffalo Rocjhester & Pittsburg.
finally prepared for presentation to the Clearing House.
SUMMARY BT GROUPS.
map of the territory intended to be covered by the system
was made, and the cost of collections, the time required for
Oross Earnings.
Net Earnings.
sxction ob
such collections, and the time cost at the rate of 4 percent
Gkoup.
1898.
1899.
1898.
Increaa
per annum, were accurately calculated and tabulated. It
Juiu$
t
$
P.O. was found, said Mr. Cannon, that in the one-tenth of 1 per
$
Vrunk lines..(i2) 18,27-,!,600 15,290,893 6,478,96
4,624,759
4854,206 18-47 cent
zones the aggregate cost was slightly in excess o? that
nthra. coal. (7) 9.877.974 7,704,833 2,265,762 1.693,852
+571,910 33 76
fraction, but it was deemed wise to recommend that the
East. & Mid.ClZ)
3,692,594
3,347,895
1.319,356
3*45
1,275,335
+44,021
Mid. WeBt'n.(22l 5,572,372
4,684,021
1.737.203
1,240,781
+493.422 40-01 charges should nevertheless be fixed at one-tenth of 1 per
Korthwest'n( 9) 11,112,982
8.804,92
3,893,459
2.762,290 +1.131,169] 40*95
cent. In the one- quarter of 1 per cent zones the cost was
6,200,57H
Bottthwest'n.ii?)
5,517,474
1,788.506
1,267,350
+519,155 40-96
Pacific Coast (13) 12,450.928 10,731,896
6.153,294
-1-692,838' 20-93
4,268,358
likewise in excess of that fraction, but it was thought also
t
:
A
Southern
Mexican
—
(24)
8,889,499
8,135,249
2.859,2<5)
2,458,132
4 401,12P
18-32
(6)
2,507,725
1,964,910
1,023.759
689.68
+334,172
48-46
26 87
Total. (121 r'ds
Jan.l
to
8,577.251
€6,162,081
25,523,563
20,278,442
+5,245.121
9> 113,<?64.a99 105,227,926
32,076,786
29.366,652
+2,711.238
9-23
6,176,254
6,362,686
+813.663
+457,072
15-17
+1.201,0f4
+1,681,269
+2,933,676
+2,126,215
+1,665.136
+1.089.101
12-49
i
July SI.
Trunk lines.
(
Anthra.eoaK
5)
32.910,J8l
28,065.818
East. & Mid. (12) B1,149,?9I 19,614,979
6,995,111
6,538.039
Mid. We9t'n.(20) 34,415,673 31.699,920 10,818,017
9,616,923
Horthwest'n( 8' 67,864,878 62,157,879 28,674.103 20.992,844
Bonthwest'n(14) 41,166.742
33,811,388
13,271,574
10.317,998
Pacific Coaat(ll)
64.708,920
69,957,067
23,762,326
21.687.110
B©nthern....(23;
58,078,466
64,214,481
17.646.613
15,831,377
Mexican
16.687,696
14.467,763
6.404,18?
6.316.087
(6)
8-25
6-01
28-63
9-82
10-48
20-40
Total.(107 r'ds) 450,627,714 414,197,251 188.724,8701124,087,616 +14.697.3541 1183
advisable to
fix
upon that charge.
The committee were
like-
wise liberal regarding the selection of discretionary points.
The fact that only unimportant changes have been made in
the plan since its adoption shows how thoroughly it waa
constructed.
Mr. Cannon's exposition of the manner in which the dethe New York plan were prepared was listened to
with close attention, and after a very full discussion the conference unanimously adopted the following resolution,
which was introduced by F. W. Hayes, President of the
Preston National Bank of Detroit, Mich.:
tails of
THE CHRONICLE.
624
Resolved, That we recommend to all the clearing-hotise associations in the United States the adoption of a by-law, or
an amendment to their constitutions, as follows
" The Clearing-House Association shall have power to
establish rules and regulations regarding collections by members of the association or banks or trust companies or others
clearing through such members, and the rates to be charged
for such collections, and also providing for the enforcement
of the same. It may, from time to time, make any additions
to, or changes in, such rules and regulations as it deems judicious. Any rule or regulation upon the subject must receive a majority vote of all the members, and when once
established it shall not be altered or rescinded until it has
been in force at least three months, and then only by a majority vote of the Clearing-House Association."
:
The following
final resolution of the conference,
which was
W. Hayes, President of the Preston Naof Detroit, Mich., was unanimously adopted
also submitted by F.
tional
Bank
:
Resolved, That an executive committee, to consist of five
of which the chairman of this meeting shall be an
ex-officio member, shall be appointed by the chairman, which
committee shall confer with the various clearing-house associations throughout the United States, for the purpose of securing the adoption of the by-law or amendment recommended by this conference, and the establishment of such
rates, rules and regulations as will best promote the interests
and legitimate profits of all banks and bankers in the coun-
members,
try:
and
Resoh^ed, That when this conference finally adjourns, it
shall adjourn subject to the call of said executive committee.
[Vol. LXIX.
Graham Ave., Brooklyn. The
bank has heretofore cleared through the Merchants' Exchange National Bank. Rumors of an intended merger of
the Broadway and the Corn Exchange banks are denied.
posits $1,500,000, located at 13
—Governor Roosevelt has appointed Friday and Saturday
week public holidays "for the due and appropriate
of next
by the State in the celebration to be given, in
the city of New York, in honor of the return of Admiral
Dewey to the United States. Therefore these days will be
observed, as are all other public holidays, the Federal and
State offices, the Exchanges, the banks and other financial
institutions being closed.
The Bank Clearing House weekly
statement will be issued about 11:30 on Thursday morning,
showing the condition of the banks for the bank week ending Wednesday afternoon.
participation
'
—
It is announced that the contract for the purchase by
the National City Bank of the Custom House and site will
not be closed and the deed delivered until the United States
Government shall be ready to give possession of the property,
which will probably not be until 1902, when the new Custom
House is expected to be completed. The title has been
examined and approved by the Title Guarantee & Trust
Company, but the transfer of the property has been deferred
by the advice of that company.
DEBT STATEMENT AUGUST
In the opinion of inflaential delegates to the conference the
31 1899.
above-noted recommendation looking to the imposition of
The following statement of the public debt of the
collection charges on checks, will, in due time, be quite generally adopted, with the result of establishing systems of re- United States on Aug. 31 1899 is made up from
munerative check collections in all of the principal States of official figures issued on that day.
Further on we
the Union.
exhibit of the Treasury cash holdgive an interesting
—In our Bankers' & Trust Supplement last week, in giv- ings of the same date.
ing the names of the committee appointed at the annual
INTEREST-BEARING DEBT AUGUST 31 1899.
Amount
-Amount Outstanding.Interest
Convention of the American Bankers' Association for conlitle of
sidering the subject of Express
Companies Dealing in For-
eign and Domestic Exchange, an error occurred in one of the
names. Messrs. Knauth, Nachod & Kiihne, the well-known
bankers of this city, call our attention to the fact that the
Mr. Klihne on that Committee is not Ferdinand Kiihne, as
reported by our stenographer, but Mr. Percival Kiihne of
the firm of Knauth, Nachod & Kiihne.
—The Union Surety &
issued, in
Trust Company of this city have
pamphlet form, a compilation of the G-eneral Tax
Law of New York, as amended to the close of the special session of 1899, at which session the Franchise Tax Law was
adopted. The compilation has been prepared by George
C
Lewis
of the State Comptroller's office, Albany,
N. Y., and
it
and widely useful for reference.
Important changes were made on Wednesday in the
Board of Trustees and official staff of the Produce Exchange
Trust Company. Edwin Gould was elected a trustee and
Vice-President in place of Timothy Hogan, deceased; Amzi
L. Barber was made a trustee in place of A. J. Pouch, also
deceased, and George R. Bidwell, Collector of the Port of
New York, was elected a trustee to fill a vacancy.
will be found exceedingly
—
—Ex-Vice-President Levi P. Morton has been made a member of the New York Board and also of the London branch
of the Guaranty Trust Company of this city.
Loan—
payable.
>o m
>!•""•
5
1907., Q.- J.
issued.
4^8, Fand.lOin, 1891.
Continued at 2 p. c.
4s,
4b,
6»,
48,
S«,
Funded
loan,
Refund'gcertiflc'8..Q.
— J.
Q.— F.
Q.- F.
Q.-F.
Loan of 1904
Loan of 1925
Of 1908-1918
Coupon.
Reitistered.
Total.
*
$
250,000,000
740,914,000
40,012,750
100,000,000
162,316,400
198,678,720
26.364,500
491,364,100
68,888,250
87,921.250
115,487,200
100.140,160
32,078,766
4H,H28,200
98,638,660
26,36«,66«
659,662,650
37,680
100,000,000
162,315,400
198,678,720
excl.PacRR. bonds. 1,491,920,870
Note.—The denominations of bonds are
800,377,510 245,733,760 1,048,048,850
as follows: Two per cents (registered
only), $50, $100, tM\\ $1,000, $5,000, $10,000, $30,000, $50,00u; 48 Of 1907, Tegiatered, $50, $100, $500, $1,000, $5,000, $10,000, $20,000, $50,W0, coupon, $50, $100,
|50J, $1,000; 49, refunding certiflcates, $lo; Ss of 1904, registered, $50, $100,
$1,000, $10,00j, coupon, $50, $100, $1,0<jO, 48 Of 1925 registered, $ou, $100, $500.
|l,000, $5,000. $10,000, coupon. $50. $100, $500, $1,0U0; 38 of 1908 1918 registered,
tiO, $100, $50J, $1,000, $5,000, $10,000. coupon, $20. $100, $5U0, $1,000.
Tot.,
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITV.
July
August
31.
31.
$110,850 on
$110,800 00
26
1,104,350 2«
$1,215,740 26
Debt on which interest has ceased
Bonds issued to Pacific railroads matured but not yet presented; Union Pacific, $25,00u.; Central Paciflc, $33,000;
Kansas Pacific, $7,000 total
$1,216,160 3«
Funded Loan of 1891, matured September
2 1891.
Old debt matured prior and subsequent to Jan. 1
.
.
'61 1.104.8tf0
$65.000 00
;
DEBT BEARING NO INTEREST.
amted States notes
Old demand notes
National bank notes— Redemption account
Fractional currency
Less amount estimated as lost or destrored
$346,681,016 00
53,8*7 50
35,779,155 00
$15,257,342 66
8,376,«34 00
6,881,408 *$
Aggregateof debt bearing no interest
$389,396,427 16
RECAPITULATION.
4 u<j. 811899.
Clas'iftcatinn of Debt—
Interest-bearing debt ...
Debt, interest ceased
Debt bearing no interest.
Inc. or Dec-
Jwii/311899.
$
$
$
80 00
690 00
.1,046,048,850 00
1,215,160 26
389,395,427 16
1,046,048,770 00
1,216,740 26
889,167,32i 16
Inc.
Inc.
228,099 00
l,43d,659,427 42
,
1.436,481,838 42
274,844, l«7 82
Inc.
Inc.
227,5S9 00
4,508,705 08
.
Total gross debt
in Treasury.
Cash balance
.
27ti,352,872 38
Dec.
—Albert H. Wiggin, one of the Vice-Presidents of the NaTotalnetdebt
...1,167,306.555 04 1,161,557,67110 Dec. 4,281,116 06
tional Park Bank, has been elected Vice-President of the
The foregoing figures show a gross debt on Aug, 31 1899
Mount Morris Bank, at Park Avenue and One Hundred and (interest-bearing and non-interest- bearing) of $1,436,'j59,427 42
and a net debt (gross debt less net cash in the Treasury) of
Twenty-fifth Street. Individual directors of the Park Bank
11,157,306,555 04.
are largely interested in the stock of the Mount Morris Bank,
and close business relations exist between the two institutions.
—The
annual meeting of the New York Credit Men's Association was held on Thursday evening. An address was made
by John Field, President of the National Association of Credit
Men on "'The National Association of Credit Men; its objects;
what it has accomplished, and what it may accomplish in
the future." N. C. Fowler, Jr., of Boston, spoke on the subject of "Credit Men's Relation to Business." The officers
elected for the ensuing year are T. H. Bartingdale, President;
A. H. Watson, Vice-President; E, E. Huber, Treasurer, and
the following Executive Committee: Charles Biggs, F. R.
Boocock, F. Brainerd, E. E. Huber, Charles E. Meek and R,
Pacific Railroad Debt.
in the official total of the
debt.
To show
their
we have made
the following compilation:
unliquidated BONDS ISSUED TO PACIFIC RAILROADS— THEIR
present status
STATUS AUGUST
Railroad lAability.
Bondu
Ifame
of
Railway
Paciflc.
27,236,512
Cent.Br.,U.Pac..
1,60(1,000
West.
Sioux
1,970,560
1,628,320
Paciflc...
C.&
Pac.
Total...
1899.
Repaid by Companies.
Int.
Central Paciflc. J5,8s5,120
Kansas Pacidc. 6,303,000
Union
1
Through Settlement
Net
Paid Sinking
Wi'h
Fund. Oovernm't.
by Qov't
Issued
by Gov't.
$
36,604,385 9,100,462
6,607,468
31,211,712 18,194,818
2,158,698
«,453,103
2,584,501
»
Balanc*
Total.
Due
U.S.
53,360,053
12,910,458
40,263,«06
62.489,505
12,910.458
58,418,^24
5,423,663
5,4i23,663
8,758,698
4,212,831
64,623.512' 82,817,852|27,g95,070 111,<'76.78'> 139,271,850 7,969.514
•Government accepted
B. Minis.
—These bonds are never included
Government
principal of
bonds—$6,308,000— in
full
payment of
all
Indebtedness
—The Corn Exchange Bank
will hereafter act as Clearing-
Treasury Cash and Demand Liabilities.— The cash holdHouse agent for the Broadway Bank of Brooklyn, a State ings of the Government as the items stood Aug. 31 we take
institution, capital $100,000 and surplus $125,000 and de- from the Treasury statement of that date. The net cash
September
bftlance given
THE CHRONICLE
23. 1899.]
below
i>g the net debt.
the same as deducted above in reach-
ia
CASH IN THE TBBA3URT.
tId—Coin
Bars
I
SBrer- Dollars
Subsidiary coin
Bars.
Piper- United States notes
Treasury notes of 1890
Gold certificates
Silver certificates.
Certificates of deposit (Act
June
1872)
8,
National bank notes
Other— Bonds, interest and coupons paid, awaiting reimbursement
Minor coin and fractional currency
Deposits In uat'l bank depositaries—general acc't.
Diiburslng officers' balances
1189,986,759 53
127,160,200 7 2—1317,446,960 30
416,8H4,995 00
4,131,10196
84,664,627 17-505,059.814 13
36,550,595 00
865,648 00
13,620,430 00
3,646,169 00
260,000 00
3,632,108 0468,484,210 04
240,617 B8
196,795 78
75.087,858 58
5,863,595 85—
Axgregate
81,P8',897 79
1962.379,882 26
DEMAND
LIABILITIES.
Gold
certificates
Silver oertifloates
Certificates of deposit
Act June
8,
1872
Treasury notei of 189't
Fund for redemp. of nncurrent nat'l bank
OotBtanding checks and drafts
Disbursing officers' balances
Agency accounts, Ac
GoJdreserre
Wet cash balance
$82,818,419
407.278,504
19,480,000
92,616,880
notes
9,899,173
5,946,662
60,873,412
5,864,557
$10O,CO0.0flO 00
179.352,872 88
00
00
00
00—1601,443,208 00
HI
95
46
88-
81,683,806 88
279,852,872 38
Aggregate
Net OMh balance In the Treasury July 8M18W
Net OMh balance In the Treasury Aug. 311899
$962,3: 9,882 26
$274/44,167 82
279,358,872 88
IncreMe dnrins the month.
$4,608,706 06
LFrom our own oorreBpondent.
j
London, Saturday, Sept. 9, 1899.
Business on the Stock Exchange this week has been brought
almost to a standstill by the arrest of a British editor at
Johannesburg and an attempt at an arrest of several other
prominent Uitlanders. and by the announcement that a Cabinet Council was called for yesterday. Parliament broke up
barely a month ago, and Ministers dispersed for a much-needed
holiday. It has been the custom always hitherto not to call
Cabinet Councils during September. Very rarely have they
been held in October. Usually they do not begin till NovemThe calling together, then, of a Cabinet Council so
early as September 8 has naturally been regarded everywhere
as a sign that the Transvaal crisis had become so grave that
ber.
was necessary
to take the opinion of Ministers upon it.
be recollected that Sir A. Milner at Bloemfontein
suggested that a five-years' franchise to Uitlanders would be
a reasonable basis for a settlement of all the questions outstanding between the Transvaal and this country. President
Kruger refused on the ground that five years would let in so
many British residents that the Government would be transferred from the Boers to the British. The Conference, therefore, broke up.
But immediately afterwards, under pressure
from the Orange Free State and the Dutch Party in Cape
Colony, the Transvaal granted a seven-years' fraachise. They,
however, accompanied it with so many conditions, that it
has been asserted that practically no British subject would
find it possible to naturalize. Mr. Chamberlain then suggested that a joint Committee should be appointed by the two
governments to ic quire whether, as a matter of fact, the
conditions were objectionable or not. But President Kruger
evaded a direct answer to the suggestion and offered instead
a five-years' franchise provided this country gave up its
claim to suzerainty over the Transvaal. Mr. Chamberlain
it
It will
refused the condition.
The
625
doing in the American market, but it is by members of the
Stock Exchange and professional operators, the great public holding quite aloof.
In the South African mining market
and in the Western Australian mining market there has been
a sharp fall this week, and in all other departments there is
practically nothing doing. In the money market short loans
are in small demand and the rate of interest is very low.
But, on the other hand, the discount rate in the open market
is hardening, bankers being unwilliag to take bills just now.
The opinion seems to be growing in the money market that
the stringency in Germany this autumn will not be so great
as hitherto has been anticipated. Germany has been able to
obtain considerable supplies from the United States, from
this country and from France, and besides the placing of a
considerable proportion of the Mexican converted debt in
New York has transferred a good deal of money to Germany.
Before conversion the debt was held principally in Germany.
Now that the United States has taken so much of it, a certain number of the old German holders have to be paid off,
and that strengthens the Imperial Bank. How far all this
reasoning is correct, the event alone will show. It is to be
recollected that there is a great lock-up of capital in industrial
companies, and indeed in all kinds of new ventures, and that
trade is wonderfully active. There is the same activity and
the same demand for money in the Scandinavian countries
and in Finland; while in Russia the stringency in Germany
has withdrawn a very large proportion of German capital
formerly employed in that country, and its place has not been
taken, or at least has not been fully taken, either by French
or by British capital. That is one reason of the serious failure in St. Petersburg a couple of months ago, which has involved St. Petersburg and the Moscow banks in difficulties
and has led to a great fall upon the Stock Exchange.
Whether St. Petersburg or Moscow will be able to obtain
accommodation in Berlin remains to be seen. It is certain
that they are trying to get it at present. If they do that, there
would be a fresh drain upon the money market and it might
send up rates very considerably. In France business is held
in check by the Dreyfus affair and all the other affairs that
have sprung out of it, and the Bank of France is pursuing a
very cautious policy. Whether there will be a demand for
gold for the United States you are in a better position to
judge than any one can be here. The general impression
here is that probably some gold will be taken. It is not now
thought likely that much gold will be sent to either India or
Japan bnt of course the usual demand will have to be met from
Egypt, Argentina or such countries. If a large British force
has to be sent out to South Africa, it is likewise certain that
gold will have to be remitted therefor; while if military
operations begin, the export of gold from the Transvaal may
be stopped for a time and thus the London supplies may be
cut off. Upon the whole, the impression here is that for the
next two or three months we may expect at any moment a
considerable stringency in the market.
The India Council continues to sell its drafts wonderfully
well. It offered for tender on Wednesday 40 lacs, and the
applications exceeded 1,433 lacs. The whole amount offered
was sold at prices ranging from Is. 4d. to Is. 4 l-32d. per rupee.
Subsequently a small amount was sold by private contract.
Next week the amount to be offered will be raised to fiO lacs.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
ftc, compared with the last three years:
;
and now Mr. Chamberlain asks
that a Conference should be held between delegates appointed
by the two governments to consider the whole question of
whether the new franchise is satisfactory or not.
Evidently Mr. Chamberlain wishes that President Kruger
should go to Capetown, that the conference between himself
and Sir A. Milner should there be renewed, and that
a final settlement should be made to secure peace. Apparently, therefore. President Kruger is very unwilling to leave
the Transvaal, and he has sent an answer which neither accepts nor refuses the conference. His language seems to
imply that he accepts it in principle. But the language does
not bind him even to that much. At the same time, he asks
for information as to the composition of the conference and
where it is to be held. In all probability the information
will be given. But it is very likely at the same time that a
therefore, been withdrawn,
time will be fixed for a definite atswer, either negative or
affirmative, so that the negotiations should not be protracted
beyond all reason.
So far as the public is informer', then, here the matter
stands.
But the leading Uitlanders are flying from Johannesburg in immense numbers. One British editor there has
been arrested on a charge of high treason, another has fled
to escape the same fate, and the Boers are importing arms
and ammunition, and are preparing in every possible way for
war; while the people of Natal have called upon the Imperial Government to strengthen the garrison, evidently
fearing a Boer attack. In the meantime it is understood that
the Indian Government is prepared to send at a moment's notice 10,000 British troops from India, and it is said that 20,000
men here at home could be embarked within a week. That
would make about 30,000 men; while there are in Cape
Colony and Natal already, without counting armed police or
colonial volunteers, about 10,000 regular troops.
The result of all is that for the time being business on the
Stock Exchange is quite paralyzed. A certain amount is
Sept. 7.
£
five-years' franchise offered has,
3M.9!^3,424
Gtovemment
securities
Other securities
aeserve of notes and coin
Coin AbuUion, both departm'ts
Prop, reserve to liabilities, p.ot.
Bankrate
percent.
Oonsols. 2M per cent
aearln g-Honae retumi
• September 10.
rates for
23,7nl,0H
34,752,061
62
2
49
2^
8^
IdiH
a7Md.
141,274,000
money have been
24)«a.
117,362,000
Banh
3 Months.
3H
Aug.
3^ 3M®3 5-16
ilnterest allowed
for deposita by
Trade BUls.
BiUs.
4 Month*.
6 Months.
3 11-16
3 11-18
3 5-16
3H
8«
3«
3^
3^
3M
3M
3H
Sept.
113.126.000
as follows:
Open Market Bates.
London.
112 9-16
30 9-16d.
111^
110 3-16
276-lod.
190,634,000
Sliver:
The
13,C67,868
28.3^8.206
24,316,663
35.945,428
61Ji
£
27,141,350
7,018,883
60,346.620
14,944,995
28,399,139
32,379.677
42,721,027
.^6 5-16
27,648,536
7,486,541
39 507,575
1S,42k.726
27,498,219
24,516.348
86.363.S78
27,761,040
8.691,873
39.809,262
13,416,593
29,651.327
7,888,541
Sept. 9.
£
£
28398.775
Olronlatlon
Publlo deposits
other deposits
1896.
1897.
Sept.S.
1898.
1899.
Sept. 6.
3 Mas.
8%@4
3H
3^
Dia't H't.
Joint
Stock At
7-14
iMoa. Banks Caa Day*
4
4
3%@4
3U
2
2M
2
2
2
2J<
2
4
of discount and open market rates at the
Continental cities have been as follows:
The Bank rate
fiiiief
Bank
Oi>«n
Bank
Bate.
Marke
Rate.
Paris
8
3
Berlin.
6
6
Frankfort
....
.
Brussels
Vienna
Petersburg.
Madrid
Copenhaeen
6
5
Open
Markt)
ZH
i%
i%
i^
Bank
Open
Bank
Bate.
tiarki
18.
Bate
3
5
296
m
3
5
5
5
5
iH
6
4M
3X
4
4«
3«
iH
5
iH
3«
i^
B«
£J«
6
4H
SH
Hi
6H
3«
4«
5«
6H
3H
4«
bH
4
3
4
8
4
8
5J»
4
6^
hM
5^
6«
fM
E«
6«
s«
4«
4
Open
Market
—
iH
5
.
Amsterdam.
St.
r.
-
Interest at
Hamburg
AlH
All^ .26.
Sept. 1
Sept. S.
Bates oj
i\i
iH
iH
iH
iH
3K
3«
iH
5H
3
i^
THE CRRONIOLE.
62d
&
Messrs. Pixley
Abell write as follows under date of
September 7
Gold— Nearly
[Vol. LXIX.
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
weekending Sept. 18. and from January 1 to date.
EXPORTS FROM NEW TORK FOR THE WEEK.
specie)
all the gold arrivals continue to be bought by the
which has received since our last £470,000, chiefly in bars.
£80,0C0 has been withdrawn for the Continent and South America.
Arrivals: Cape Town, £259,000; Bombay, £78,000; Australia,
£117,000; Chill, £4,000; total, £458,000. Shipments: Sept. 1, Co-
Banfe,
lombo, £2,500.
Silver— Alter declining to 27i8d. there were numerous small orders
l)oth for the East and for the Continent. The market at once advanced
and with little selling to interfere 2738d. was freely paid. With more
sellers than buyers the price has again given way and closes to-day at
273i(,d. The Indian rate to-day is Rs. 6913 per 100 tolahs. Arrivals
New York, £143,000; Australia, £24,000; Chili, £19,000; total,
£186,000. Shipments: Sept. 1, Calcutta, £6,150.
Mexican Dollars— In the absenae of business these may be quoted
27i4d. nominal.
The quotations for bullion are reported as follows
:
:
Gold.
Sept.
Aug.
Silver.
Sept.
Aug.
Lwidon Standard.
7.
31.
London Standard.
7.
1899.
E*rev.
reported
1897.
18S6.
$8,249,416
314,930,170
For the week..
1898.
$9,474,939
334,240,095
$8,549,010
283,464,084
$7,544,921
260.661,206
Total 37 weeks $323,179,586 $343,715,034 $292,013,094 $268,706,127
The following table shows the exports and imports of
specie it the port of New York for the week ending Sept. 16
and since January 1, 1899, and for the corresponding periods
in 1898 and 1897.
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
31.
d.
s.
Bar gold,
77 9
5ifl
TJ. S. gold coin...oz. 76
Serm'n gold coin.oz. 76 61^3
yrench gold coin.oz. 76 6I2
oz. 76 5
Japanese yen
fine
oz.
d
d.
s.
77 9
Bar silver, flne...oz.
76 5H Bar silver, contaln'g
do 5 grs. gold.oz.
76 61^
do 4 grs. gold.oz.
76 6ifl
do 3 grs. gold.oz.
76 5
d.
Week.
i73i6 2718
471^16 2758
277,6
i7E,e 27I4
29 14
oz. 295,
27
la
Cake silver
Mexican dollars. oz. 2734
27 14
The following shows the imports of cereal produce into tlie
United Kingdom during the first week of the new season
compared with previous seasons:
1896.
1899
1893
1897.
Imports ofwheat.cwt. 1,242,500
916,000
1,401,500
1,138,700
Barley
161,100
297,000
432,215
220,430
Oats
364,970
406,600
440,800
304,800
Teas
40,500
43,600
37,135
38,800
Beans
40,200
51,920
49,700
48,000
Indian Com
1.140,900
1,238,600
1,254,500
1,459,400
Yiova
349,500
314,350
361,100
392,420
Supplies available for consumption (exclusive of stocks on
1):
1899
Wheat imported, cwt. 1,242,500
Imports of flour
Sales of home-grown.
1899
Od.
916,000
361,100
647,955
Germany
1,925,055
1897.
2,419,753
1896.
288.
338.
Id.
23s.
Id.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This iceek.
S^'eat
qrs..
Flour, equal to qrs..
Maize
qrs.
) ,
5
990 qco
^ '»»">" ^-^
840.000
i
\
Last week.
2,215,000
1898.
1,000,000
1897.
900,0 00
355,000
855.000
270,000
695,000
215.000
595.000
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Sept. 22.
$4,167 $25,871,409
685,807
7,650,950
7,625 29,647,702
Man.
Tues.
Wed.
«428,334
2,226,616
95,515
1,117
50
Total 1899.
Total 1B98.
Total 1B97.
Thiirs,
l
Fri.
Week.
Great Britain
France
For account
13,788
6,676
31,230
691
22
9,538
960
$780,476 $33,199,449
911,171 32,614,259
745,320 33,432,598
Total 1899
Total 1898
Total 1897
$48,252
44,483
38,071
$2,753,793
1,808,590
2,015,015
—
BreadBtnffa Flsnres Bronglit From Page 660. The
Statements below are prepared by us from the figures collected by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Sept. 16, and
idnce Aug. 1, for each of the last three years, have been:
BteHptt at-
Wheat.
Flour.
Ohloago
117,482
Milwaukee
Dnlnth
106,650
192,330
4,tJg9
Toledo
St.
17,495
Louis
Eaniai
3.260
1,870
Corn.
232,800
76,690
301,216
48.487
168.S83
566,420
217,020
398,650
75.116
76,090
134,800
26,000
47.806
606
3,161
113.823
3.760
9,000
18,760
389,976
266.800
47.000
349.800
1,500
64 461
819.072
312,462
393,012
170,000
482,066
304,404
8.020,421
6.S75.004
4,513,396
1,-^
7,938,282
3,711,275
4,355,152
1,296,778
249,665
8,136,812
7,354.179
4,475,136
891,366
3.039,695
84,906,134
36.891,619
42.254.333
32,461,816
33.376.889
3.471.996
27,973.358
61,396,8f9
28.559,717
35.674.212
3,597.006
2.125,41?
1.912.142
1,062.069
1.700,977
2.614.857
.»,228,724
The receipts of flour and grain at the seaboard ports for
ended Sept. 16, 1899, follow
tt e
<reek
hbU.
Pennsylvania
Newport News
Philadelphia
Baltimore
Biohmond
Hew Orleans*
•Phila. ARead
*Phlla.<feRead., 1st pref.
*Phila.& Read.. 2d pref.
Bonthern Pacific
Norfolk
aalveston
260,670
28,118
132,489
8,666
179,300
379.764
685.831
1898
2,639.0S5
4,283.861
Oati,
bu»h.
1.622.600
422,278
147.200
1,267.993
653,137
36.783
118,609
450.000
18.000
1.084,660
233,808
612.000
Total week
Week
Bouth'n Railway, com..
Preferred
Corn,
bush.
7?1,500
154,216
448.955
869,429
761,399
12.462
655,300
189.766
biuh.
134,777
51,429
31,628
46,106
84.760
1.400
11,798
16,867
2.014
New York
Boston
Montreal
Byt,
Barley,
btMh.
'4,000
3,381,046 4,611,645
2.954.269 1,916,223
*R3aetpts do not inolude grain passing throngh
on through bills of lading.
Union Pacific
New
82,875
408.100
72.016
17,884
'
177164
6.492
30.000
627,999
34,875
105.63
282.847
Orleans for foreign
ports
Preferred
Wabash, preferred
Price per share.
Total receipts at ports
follows for four years:
®0mmjetrciat and W^isctWmxtous "^txos
Imports and Expoi ts for the
the imports at
WMat,
Ilour,
Reeeiptiat—
Tex., com..
New
"Vork for the
and
Week.—The following are
week ending for dry goods
for the week ending for general merchandise
also totals since beginning first week January.
FOREIGN IMPORTS.
1899.
1898.
1897.
1896.
'eeeivttof—
riour
$2,273,557
6,886,813
$1,957,163
6,672,189
$1,837,076
4,980,537
$1,740,723
5,003,978
Total
Since Jan. 1.
$9,160,370
$8,629,352
$6,917,613
$6,744,701
«74,068,180
289,114,601
$67,906,841
238,204,100
$97,902,874
267,358,197
$83,387,799
241,753,016
1
to Sept. 16
compare as
1890.
1897.
18,816,873
6.566,438
bash. 83,112,718
186,586,372
67,467,164
6.140.780
4.408,816
Wheat
1898.
13,826.855
80.234.461
150.704,623
69,306.116
3,186.803
10,644,690
54.949,928
140.188,853
68,948.248
7,306.408
7.109.494
48.671,708
03.168.799
47.987,179
6,069.343
2,899,731
296,696,840
318,824,291
368,501,888
161.674,649
Barley,
liye....
Total grain....
"
several seaboard ports for the week
«nding Sept. IG, 1899, are shown in the annexed statement:
The exports from the
Wheat,
Exports from— buth.
Boston
Philadelphia..
Baltimore
New
Orleans..
Oorn
441,094
168,731
48.000
840.000
388,C0O
bush.
700,537
400,2C9
394,586
617,108
380.888
324,304
399.160
189.755
368,426
62,714
Norfolk
Newp'rtNews
Totalis 7 weeks »363,182,78ll»306.110,941 $365,261,071 $325,140,815
from Jan,
1899.
bbli. 14,847,011
OOFH.
Oats...
(fewYork
Oen'l mer'dise
mer'dise
lbs.
72.970
46.900
48.017
21,690
4,310
14,825
1.
N. Y. Cent'l & Hudson..
N. Y. Ontario & West'n
Horfolk & West'n pref
Horthem Pacific, com..
Preferred
Cten'l
»«
485,500
666,000
City.
Since Aug.
1899
1898
1'97
Central
& Nashville.
Htj Goods
•
3,070.711
301,494
22.800
11,200
Tot.wk.'99.
Louisville
Dry Goods..
Barley.
Oati.
4,480,360
189,160
56,609
683,104
207,692
3.775.883
1,973,370
320,232
116.778
55,163
37.710
....
Same wk.'98
Same wk.'97.
Srie, common
l8t preferred
For week.
$257,887
$6,780
1,915
486,226
9,600
103,598
969
All other countries.
Spanish 46
Ateh. Top. & Santa Fe.
Preferred
Baltimore & Ohio
Preferred
Ctoadlan Pacific
OMitral Pacific
Cfcesapeake & Ohio
Ohlc. Mil.&8t.Paul....
Den. & Rio Gr. com
Do
do Preferred..
;
Since Jan. 1.
5,182
5,369
565,708
1,186,806
699,945
32,796
West Indies.
Mexico
South America
Peoria
Sept. 14
Sept. 15
77,286,336
4,168,511
Week.
1.
1,582,224
235,720
Germany
SVoh rentes (in Paris) fr.
&
.+9,679,471
Imports.
Since Jan.
,
Mo. Kan.
750
$765,697 130,772,543
Detroit
Olereland...
sever, per oonoe
d.
Ooasols. new, 2 s^ p.ots.
Illinois
$3,357,047
2,892,816
1,128,132
1,590,017
192,361
458,199
60,899
1,747
1,326
Exports.
1.
Silv&.
Mlnneapolif.
Sat.
$7,560
4,614
BbU.W6lbt Bu$h.60lb» BtuK69lbi Btuh.S2lbs Buth.iSlbt Bu.6fl
English Financial ITIarkets— Per Cable.
London.
Since Jan.
412,337
^
Mexico...
South America
All other countries.
392,420
625,833
7d.
Week.
1.
$9,025,000
7,397,580
3,250,000
5,572,031
33,000
463,552
130,246
West Indies
1,401,500
1,728,802
1898.
1,932,000
Aver.price wheat, week 258.
1896
1,138,700
314,350
275,752
349,500
340,000
Total
1897
1898
Since Jan.
Great Britain
Prance
IMPORTS.
September
Imports.
Exports.
aad.
Montreal
Oalyeston....
Total week.. 8.049.870 3,104,876
dame time '98.2,490,778
2,388,786
Flour,
bbU.
77.977
36,463
56,691
lOj.iZn
8,014
16.867
64,R89
1,020
Oatt,
buih.
338.968
362.788
383,830
290.686
Rye,
bush.
11,878
4,740
Barley,
bu$h.
824.085
165.725
8.146
460,000
181,191
388,439 1,956.917
206.337
830.781
Pea$,
bush.
83.867
60,021
181.461
38,097
72.867
30.000
19.161
438.961
September
THE CHRONICLE.
1899. J
23.
and
The
destination of these exports for tae weefe
iBeptember 1, 1898, is as below.
,-.
Ttowr.-
.
BxpoTU for
Week
Week
1,1898,
Sett. 18.
bbts.
bush.
to—
obit.
Dnited Kicjrdom 240.062
Continent
66.t-05
19,654
a. & C. America
'^^.bbt
Westlndies
e,400
Br.N.Am.Colo'i
Other coontrlea,.
3,111
Sept. 1
477,918
buth
2,484.9S0
2,080,455
J, 007,986
4.565,435
6,978,721
2,049,279
2,490,'(73
Bin(e Stpt
1. 1898.
b-ith.
otuh.
1,085,307
1,917,246
2963,591
4,511.416
1,817
116,794!
3,104,275
8,88(<,785
60,072
33.214
7,686.901
8,131.860
The visible supply of grain, comprising the stocks in
granary at the principal points of acoumulatlon at lake an d
^eaboard ports, Sept. 16, 1899, was as follows:
Wheat,
in ttort at—
biuh.
Hew Yom
Do
5.291,00f'
94.. 000
PhiladelDhla
67,000
1.192.000
Baltimore...
New
Orleans
Galveston
Montreal..
Sfi.OijO
1.230.000
342,000
4»,000
1,961,000
2.155.00U
Toronto
Bttflalo
21.001
443.000
Ft. WiirmAPt.
1.6f8,0o6
'38.000
18,000
6,000
164,000
667.o6o
6u,'66b
'ia'.b'do
"1.000
11,000
'42,006
12,00*6
"7,006
l,853i6bo
i,i9o".bod
243.000
"s.ood
'46,000
781,000
4,8i6.uub
169,000
72,000
107.6'dc
4,409.000
2.373.000
41^000
236.000
iic.o'o'o
"1,000
5.000
2,271.000
48.000
'81,000
232.000
98.000
'
KangaBCity
Peoria
Indianapolis
On Mississippi RiTer.
On Lakes
On canal and river.
. .
608.000
2.278.000
614,000
Total Sept. 16 1899. 30,322,000
Total Sept. 9,1899. t6.129,00u
Total Sept. 17. 1898 'lO I8-,000
Total Sept. 18, 1897 *17.U0,00C
Total Sept. 19 1896 •41>,656.00C
"s.b'o'i
'88 000
1.3i«'4,0b'6
'6,000
1(j3.000
8.107,000
7,817.000
19,249,000
a3.737.OOO
13,621,000
6.528,000
5,661.000
4,701.00«
lO.752.000
8.46O.0O0
220 or<
k
627.000
597.000
625,000
2.425.000
l,963.0C0
64.0C0
618.C00
618. 00
660,0o..
1,394.0(
1.33S1.0
Exclnsive of New Orleans. Galveston, Ft. William and Port Arthur, but
IncludiDi; Albany. Oswepo and Cincinnati, now omitted.
Note.— Beginning July 1, 1899. the New York Produce Exchange has changed
Us Visible Supply Statement by inclu ing stocks at New Orleans. Galveston.
Ft. William and Pt. Arthur (previously omitted) a .d leaving out Albany
Oswego and Cincinnati, formerly included.
New York City Hearing House Uanks.— Statement cf
condition for the week ending Sept. 16, based on average
of dally results. We omit ttvo eivhera fOO) in all eases.
Banks.
Capital Surpl's
BMOk ot New York
Muiliattu) Co
Meicluuita'
Meohajiioo'
Amenoa
Pheolz
OhemlOAl
Merohantc' Exoh'gt
eaJlAtln
Bntolier8'<& Drov'rs
Ceohanlos' A Trad'a
ereenwlch
Leather Manuiac'ra
Serenth
Btste of Is ew York.
Amenoan Exchange
Oonuneroe .........
Brokdway
Meroantue
PMlflo
..
People'B
North Am erica
HanoTer
Inrtng
OltlMIlS'
Nasaan
Market <lc Fulton..
Shoe <fe Leather
Com Exchange
Oontinental
Oriental
Importers' A Trad'rt
Park
Kast River
Vonrtb
Central
eoond
Ninth
Flrat
M.Y.Nat'lExch'ge
Bowerr
New York County.
German American.
VUtb ATenne
German Exchange.
etormanla
Lincoln
Oarfleld
Plfth
Bank of the Metrop
WeetSlde
Seaboard.
Western
Flrat Nat. B'klyn..
Nat. Union Bank..
Liberty
N.Y.Prod.B:xoh'ge
Bk.of N. Amaterdan
Aator
Totaj
I
Loans.
$2,000,0 $1,880,6 $15,120,0
3,060,0 2,266,0 18,109,0
2.000,0 1,067,
13,864,9
3,000,0 2,001.6 11.655.0
1,500,0 2,786,7 21.076 8
1,000,0
223,6
4,840,0
1,000,0 4,748,9 86,973,6
300,0 6,518,2 34,930,6
600,0
183,3
4,916,3
1.000,0 1,716,0
8,426,4
300,C
73,6
1,170 2
114,1
400,0
1,968,0
200,0
169,3
1,045,4
600,0
481,4
3,889,3
164,2
300,0
3,181,8
614.3
1,200,C
4,167,8
5,000,0 3,584,21 26.663,0
5,000,0 3,482,9 26.999,2
1,000,0 1.661.0
6,814,4
1,000,0 1.010.9 12.454,6
422,7
487,3
3,0 0^.1
1,500,0
876,1 31,053.9
982,1
450,0
6,632.7
200,0
2yo,4
2,316,6
630,8 11,404,3
1.000,0
1.000,0 3,521.6 37,660,5
500,0
369.6
4,403,0
366,2
2.880.3
600,0
263,2
600,0
2.696,3
963,1
6,681.6
900,0
165,0
3,996.1
1,000,0
1.400,0 1.738,9 16.696,8
603,0
6,337,4
1,000,0
400,4
2,029,0
300,0
1,500,0 5,648,2 26,698.0
2.000,0 3,208,2 44.936.0
149,9
1,317,2
260,0
3,000,0 3,046,1 23,048,1
485,'i
10.776,0
1,000,0
735,2
7,509,0
300,0
166,6
760,C
3,031,6
600,C 7,707,6 36,445.4
300,0
63,7
3,393,3
260,(
664,4
3.216,0
200,0
407,3
3,386,3
306,6
750,0
3,349,4
1.00U,0 1,412,5 36,237,3
100,0 1.176,0
8,298,2
661,2
200,0
2,482,4
767,2
8,205,3
300,0
788,7 10,608,0
300,0
020,5
6,406,6
200,0
829,3
3.209,4
200,0
874,1
300,0
6,337,1
300,r
380,2
2,698,0
633,6 10,223,0
500,0
2,100,0 1,086.8 31,791,3
507,6
4,367.0
300,0
1,200,0 1,205,7 16,347,9
407.2
4,169,7
500,0
341,1
3,803.5
1.000,0
350.0
344,9
3.419.0
163,0
360.0
3,592,4
Specie.
f3.320,0
3.391,0
2,970,1
l,9»O,0
4,222,fi
996,0
23,e04,e
5,166,3
936,6
1,198
347.7
253,0
101,2
726.4
626,9
337,2
2,360,0
1,783.6
1,270,9
2,622,3
447,1
5,234,1
837,6
376,8
2,241,7
9,803.2
674,0
684,1
400.6
943.1
890.4
2,843,8
1,334,2
130,0
5,425
13,606,0
325.1
5,789,4
2,591,0
1,766,0
388,6
7,264,3
321,8
434,2
633.2
500.0
6,938,3
1,884,8
237,6
575.7
2,480,0
1.809,3
646.4
1.434,4
405,0
3,300.0
8.196.9
419.0
3,518.8
968.2
548.6
787.9
701,0
58.923.7 77,382.6 739,791.9 1560226
potiti.
9
Legals.
$
t
$
t
988,3
2,234,0
1.408,6
22,2
98,0
66,9
68,3
17,2
61.3
168,9
57,3
60,6
31,4
86,4
78.0
70,9
58,5
46,7
107,0
133,9
226,0
245,7
200,0
1.0?4.5
683.9
1,274,2
230,3 2,425,7
697,7
87,8
87,5 1.869,8
117,8 1,157,3
32,9
917,7
130,7 1,901,0
107,3
883,3
134,4 2.273.0
112,4 1,220,0
54,7 1,046,9
311,5 2.433,3
150,3 1,601,0
318,5
40,2
107,7
115,8
106,6
131,7
49.0
27,1
121,0
17,4
150,0
76,0
149,0
97,2
146,8
93,3
20,2
65,6
61,3
104,1
t
'i',0
88,'5
S0,3
138,9
121,2
62,4
161,0
262,4
233,6
20,0
61,4
83,0
133,4
37,5
249.5
96,5
7
62,0
188.9
156,0
138,0
49,8
137.6
36,0
1.107,0
3,084.0
1,637,4
1,268,0
715,3
1,436,6
1.847,7
621,6
2,336,8
1,436,0
1,447,5
1,975,0
882.1
3,567.1/
1.733.5
1,368,7
3,743,9
1,597,2
Brooklyn
Eighth Ward
Avenue
Sings Cotmty
ilantifaci'ra'
NaP)
tfechsnlca
4
Tradr'8
Nassau National..
National City
North Side
People's
Sohennerhom
Seventeenth Ware
Spragne National..
rwenty -sixth
Onion
Wallabout
Wd.
Deposits
$867,0 $16,470,0
1,639,0 20,077.0
1,337,9 16,379,2
802,0 11.437,0
1.666,7 23,988.2
190.0
4.794,0
3,287,3 106,924,4
2,348,3 26.938,0
400,6
6,470,1
811,8
7,012,1
69.0
1,436.8
138,0
2,020,0
195,8
989,6
191,2
3,621.0
318,5
4,028,6
332,7
3,400.1
2,619
19,928,0
3,571,e 20.776,7
157,6
6,J0},9
757,6 13,466,4
364,9
3,333,1
747.4 23,673,9
8P6,9
8,666,8
173,8
2,741,7
601,2 12.526,1
1,938,8 46,802,0
474,4
4,687,0
113.7
2,933,1
2,931.7
230.0
588,6
6,786,7
363,8
4,817,9
1,185.0 17.660,3
377,4
8,367,9
1.862.0
259.0
1,264,0 28,049.0
1.307.0 54.436.0
1.412,9
136,6
1.093.4 26.278.7
783,0 13,697,0
8,749.0
449.0
321.4
3,029
649,6 35,606,3
2,711,2
649.7
3,667,0
449,8
3,97«,6
316,5
3.266,3
266,4
4,802,9 44,456 4
9,663,1
576,1
3,098,5
414,0
4,797,4
481,8
611.3 12,430,6
7,694,6
403.5
3,616,0
129,0
8,145,6
317,9
3.080,0
369.0
866.0 13,213.0
981.7 37,727,0
4,797.0
894.1
366.3 16,159,9
250.H
6.192.1
3,367,9
373.0
3,828,3
188,6
3,741,0
197,6
25,0
latNat.,Statenl8l. 100,0
Othbr Citibs.
lat Nat., Jer. City. 400,0
Hud. Co; Nat J. C. 260,0
Id Hat., Jer. City.. 260,0
»d Nat., Jer. C!lty.. 200,0
Ist Nat., Hoboken. 110,0
Id Nat., Hoboken. 126,0
468,9
50,4
78.5
738,3
534,3
386,5
308,9
433,6
86,8
25,8
26,7
17,1
23,4
,664,9
4,843.3
2,108,1
1,339,6
875,2
1,772,8
885,1
'
688,0
701,4
149.9
167,4
218,8
83,0
53,9
24,6
110,0
437,1
40.6
381,8
138,1
316,3
37,'8
94,4
144,6
65,2
54,4
175,1
39,6
5,582,7
1,749,7
1,126,4
819,1
1,714,9
924,9
Totals Sept. 16.. 7,763,o'S,ogs,i 63,471,7 2,877, I 3s,822,6 6,677,^ 3,i6s^ 66^33
^3,813,4 7,797,6 3.4bo.s 66487,7
Totals Sept. 9.. 7,76a,ai.oQs,t dt.bSj.j 3,787,.
66,111,0
6,Q4b,6
Totals Sept. 3.. 7,763,o\l>,oqiS,l\()t,7is,o 3,74Q,3
New York City, Boston and Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the GlearingHouse Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the nontnember banks.
iiAJiKa
Burplu*.
Loaiw.
wTv.*
Aug 26..
*
$
Sept.
9..
"
0«»oHt«.'t Oirt'l'n
Speti*.
~'t
$
1723811
1680939
1610833
156U326
64,531,2 868,135,1
53,645,^ 849,793,8
4P,986;5;834,439,1
49,098,7 819,383,4
67.661,9 309,003.0 17,955.0
67,661,9 308.662,0 17,724.0
57,861.9 209,085,0 18,125,0
7,391.0 230,260,0
7,087,0 228,654.0
7,383,0 231,370,0
136,305,3
136,305,3
136,305,3
16.. 136,305,3
2..
756.789.9
753.668,0
747,648,3
739.791.9
14.072,4
14,300,8
14,887,0
14,836,7
CUarino*.
~ %~
972,668,1
933,868,3
866,636,5
10987482
Boa.*
Sept.
3.
9..
"
16.
6,398,0 121,984,4
6,676,0 97,513.8
5,667,0 134,301,6
Phlla.'
Sept. 3..
"
9
175,013,0!
47,866,0
85,345,4 147,370,0
174,03i<,0|
85,345,4 147,916,0
47,117,0
.S6 345.4 148.333,0
47,013.0
176,304,0l
* We omn two ciphers in all these figures.
f Including for Boston and Philadelphia the Item "due to
"
5,488,0
5.496,0
6,614.0
16..
89,407,7
71.334,7
86.70S.3
other banks."
Auction Sales.— Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction
By Messrs. Adrian H. MuUer
Son.
Shares.
50 Panama Star & Herald
€0 N. Y. Floating Dry Dock
(subject to a pooling
Co
agreement, dated Feb.
45
500 Anglo- Amer. Canaigre
5
3. 1893)
Co
$14 Ijt 100 Intemat. Bank & Tr. Co.l55
119ia
3,000 Chlcala Water Co. of
12 Citizens Ins Co
Iowa
2 U. S. Mort. & Tr. Co ....540
$50 lot
145
30 Corn Ex. Bank
378is
26 Nat. Surety Co
10 Western Nat. Bank
370
45 Trust Co. of America. 250-252
80 Stuyvesant Fire Ins. Co.. 80
5 Nat. Shoe & Leather Bk.lOSH
Bo7ids.
50 Produce Exch. Trust Co.l 95
75 North Amer. Trust Co. 1 74
$5,000 Nat. Conduit & Cable
99
5 Nat. Park Bank
501
Co. l8t 5s, 1917, J. & J
By Messrs. R. V. Harnett
Co.
50 Trust Co. of America
251
&
.
&
fatiMttg
Spencer
27
and financial.
Trask &
BANKERS,
Co.,
...
NEW
YORK.
29 PINE STREET,
Transact a general banking businessi act as Fiscal
Agents for corporations, and negotiate security
Execute
issues of railroads and other companies.
commission orders and deal in
&
Members
INVESTMENT SECURITIESBranch
Office. 87 State St.
N. Y. Stock Exchange.
Moffat
&
Wh t
i
e,
BANKERS,
If*. 1
Albany.
AXEiAJiOBa M. Whttb, Jb
Gkoboe Bakolat Moffat.
49,098.7 819,383,4
Beports of Non-Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending Sept. 16, based on averages of the daily results
We omit two ciphers (00) in all cases.
92,6 109.3 100,0 1,244,7
109.9 163,9
1,641,8
2"6,'9
42,3 132,4
1,160,6
32,6
6,0
42,9
295,6
23,6
33,0
54,2
612,5
25,9
10,0
97,6
799.7
272,9 513,9
3.813,7
116,6 2C5,4
3.109.2
51,6
36,1
84,6
913,1
214,0 483,0
43,0 4,015,0
239,0 402.0
18,0 3,014,0
52,7
43.7
30,1
640,3
31,1
449
37,3
949,0
21,3
50.0
62,9
533,1
31,0
20 6
64.8
419.3
209.6
33.6 1,099,0
21,4
60,1
1,8
628,4
13,8
26,4
43,0
270,3
41,4
712,8
91,2 130,4
131,7 1,113,0
14,8
17,2
132,3 1,445,7
163.8 1,186,3
65,7
6.0
37,3
319,8
31,1
67.2
646,1
809,9
36,7
60,3
428,8 2,336,3 219,0
406,2 3.1 28,6 171,9
23.3
197,4
948,5
660,0 3,696,0 144,0
544,9 2,694,0 137,0
107,0
14.5
689.8
121,4
908,9
33,0
62,6
626,0
26,7
10,3
70,7
471,9
218.3 1,146,0 113,0
9,6
66.0
531,0
332,6
6,9
58,1
37,4
11.4
576,0
150,0
100,0
300,0
100,0
100,0
160,0
363,0
600.0
100,0
300,0
300,0
100,0
100,0
100,0
100,0
200,0
100,0
100,0
100.0
Borough of
Richmond.
Sank of utaten Isl.
260.000
163.000
'"i.'c'do
•
SepaMlc
OhAtham
Broadway
Jfeoh's'
31,000
2.000
56.0t0
20.oro
35,000
593.000
20,000
afloat
De-
BktJu
$
A
Brooklyn.
113.000
5.000
307,000
afloat
Mlnneapolli
8t Louis
Other
Agent.
Borough of
....
Arthur
Olear't
Note*.
88,6
207,3
124,2
57,1
19,6
97,6
$
100,0
300,0
Columbia
uleventh Ward... 100,0
fourteenth Street. 100,0
200,0
iansevoort
200,0
Samllton.
aide Leath. Nat 500,0
100,0
Some
260,0
tfonnt Morris
200,0
ilutttal
N'lneteenth Ward. 100,0
100,0
Plaea
100,0
Riverside
100,0
^tate
200,0
rwelfth Ward
Pwenty-tblrd Wd. 100,0
300,0
CTnlOD Square
100,0
rorkvlUe
Colonial
Be<lford.
6.603,000
Dnlath
Ah'k
ments.
Cits.
Borough of
SlANHATTAy.
60,000
50,000
635,000
64,000
Ntt
inreti- \8peeie.
St*r.
pltu.
,
245.000
l,3v!7.000
afloat
Do afloat
Milwaukee
Do afloat.
Do
86,000
bus A.
afloat
Chicago
DO
Barley,
Niw YoBK
Plith
Detroit
Do
193,000
174.000
461,000
814,000
42,000
78,00U
Rye,
buth,
afioat
Toledo
Do
bu$h.
296,000
100.000
afloat..
Beaton
Do
Oats,
(Huh.
997,000
11,000
Oorti.
Oav*tal
DevotM. *m,h
Lcc.l
Corn.
Week
Sept. 16.
550
688.718
798,817
Loans&\
BAN&ti.
41,932
33.314
20,026
22.970
69.143
ie,S83
3,542
366,4^9
296.337
sjinte
(OOs omitted.)
.
Since Sept.
1, laes.
1.041,293
9>-.'e2
.
Total
Total 1887-88.
Whtat.
Sinct Sept.
wtek andiifie* Sept.l6.
627
NEW YORK.
INVESTMENT SECURITIES
NASSAU STREET,
-
-
-
.
THE CHRONICLE.
628
—
"^mxUtxs^
Foreign Exchange. The foreign exchange market has
continued vveak and rates have further declined under the
@a^jettje.
influence of local money market conditions.
Torday's actual rates of exchange were as follows: Bankers' sixty days' sterling, 4 81i^@4 82; demand, 4 8514(04 8oi^;
cables, 4 85-^(24 86; prime commercial, sixty days, 4 81 3^@
4 8114: documentary commercial, sixtj"^ days, 4 805^(^4 82;
grain for payment. 4 81 j?:£(a4 82: cotton for payment, 4 80^
@4 81; cotton for acceptance. 4 8m@4: 813^.
DIVIDENDS
Books closed.
(Days inclusive.)
When
Name of Company.
Payable.
Railroads (Steam).
&
CliicaBO
Alton, com
Cin. Ham. <fe Day.pref. A&B (qr.)
Dayton & Miob., com., guar
Do.
do.
prei. guar, (qr.)
N. Y. Cent. & Hud. Riv. (quar.)
N. Y. & Harlem, com. and pref..
Do.
Norfolk
2H
1
1212^
Rio Grande Western, p ef.
Street Ralltvays.
3
Inter-State Consol. Street Ry.
North Attleboro, Mass. (quar.)
MetropolitHU 8t. Ky.. N. Y. (qu.)
Sutter St. Ry., !;«an Fran, (quar.)
Do.
II4
20
S
rO Sept. 21 to Oct.
2 Sept. 21 to Oct.
1
1
10 Oct.
Oct.
16 Oct.
Sept.
4
2^
Trust cquar.)
1
Oct.
Oct.
Oct.
Oct.
Oct.
l^a
'^^
)
2»fl
2s,
3s,
38,
38,
38,
48,
4 s,
48,
4s,
58,
58,
1
Sept.
Oct.
1
Franklin, Brooklyn (quar.)
Mercantile quar.)
People's, Brooklyn r'quar.)
Interest
1 Sept. 23 to Oct. 1
16 Sept. 29 to Oct. 16
to
15
22 to Oct.
29 Sept. 17 to Oct. 1
2 Sept 29 to Oct. 8
16 Oct.
2 to Oct. 14
14 [Oct.
3 to Oct. 15
Oct.
10
National Shoe & Leather (quar.)
•rrust Coiiipauies.
Continental (quar.
<te
J
5
do.
Guarantee
Oct.
Oct.
Sept.
Sept.
Oct. 10
1
Oct.
1
Oct.
Oct. 1
1
Oct.
3 to
2 Sept. 2S to
2 .«ept. 2H to
2 Sept. '^4 to
a Sept. 23 to
(quar.)
Do.
(lo
(extra)
American Bank Note (quar.).
Do.
do.
(extra).
American Beet Sugar, pref..
American Bell Telep. (quar.).
Ameiican Ice, pref
American Malting, pref. (quar.)
American Smelt. Kefln'g, pref
Am. Steel et Wire (N..V)pref (q».)
&
Anacond a Copper Mining
Do.
do.
do
Bliss Co. (E. W.), com. (quar.)..
Do.
do.
pref. (quar.)..
Cincinnati Gas (quar.)
Dan Talmage'a Sous, pref. (qr.)..
General Chemical, pref. (quar.)..
General Eleotrio. com
Nationi'l Carbon, pref. (quar.)..
N. Y. Air Brake (quar.)
Otis Elevator, pref. (quar.)
Penn. Mfg. Light & Power.
Pennsylvania Steel, pref
Procter & Gamble, pref. (quar.).
.
Texas ife Pacific Coal (quar.)
Union Typewriter, l&t pref
Do.
do.
'Zd
50c.
50c.
1^2
5
3
lifl
1%
1%
1%
1%^
2^2
2
(
2
l>fl
II2
1%
2
1^
50<'.
1^
2
4
pref
Nov.
?
II2
SI2
Westinghouse Air Brake, (quar.)
(extra)
do.
Do.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct,
'
lOOct.
14lS6pt. 30 to
I'oct.
Oct.
21 to
Sept. 28 to
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
to
1 to
2 Sept. 21 to
2 Sept. 28 to
V Sept. 22 to
14
to
1 to
14|Oct.
3 to
5 Oct.
14 Sept. 24 to
-
is
'7^\ Oct.
1
Sept. 30
Sept. 30
Oct. 2
Oct. 2
Pacific.
^ Week end. Sept. ^2.-.
Bank
1?97.
Sept. 18.
69,022,700
74,363,900
579,313,700
14,862,200
635.958.500
91,804.200
87,080,600
178,884,?00
158,9b9,625
275.450 Deo 2,183,4-5
4,240,400
banks appear on page 627.
Po-sted rates of leading bankers follow:
19,895.175
of separate
Demand.
Sixty days.
Prime bankers' sterling bills on London. 14 82ii>®4 83
'4
Prime commercial
81k®4 81H
Documentary commercial
!4 '034®4 ^-2
4
86
'94
— Jan. 1 to Sept. 22.
1898.
1899.
36.000
9,539,000
$7,789,420
1,802.800
679,743,700
$14,981,510
2.302,700
590,767,010
$9,530,100
4.649,223
$446,892,850
shares, par value.
$1,000
$10,306,000
2,115,474
$203,414,500
$5,900
699,3.S5,920
132,943.215
$12,878,512,150
$318,950
$608,051,220
76,735,445
,419.768,625
$136,960
,
$731,000
We add the following record of the daily transactions
Cr.
Railroad, ttc. State
Week ending
Stocks.
—
.
.
Sept 22, 1899.
Saturday
Shares.
Par value.
387.273
Mondav
1.099,716
748,447
930,436
702,536
780,815
$37,450,800
106,357,600
70,708,900
89.379,000
67,149,100
75,847,450
$586,000
2,210,000
2,480,000
1,507,500
1,235,500
1.249,500
$1,000
14,000
4,649,223
$446,892,850
$9,268,500
$15,000
Tuesdav
Wednesdav
Thursdav
Fridav
Total
The
sales
Bonds.
Bonds.
Paris bankers' (francs)
I5 23iie®5 23if 5 20»ir>®20»8
Amsterdam (guilders) bankers.
40 'a)40li8
394®39i3i,
94 ''a® 941 6.
Frnnkfort or Bremen (reichmark8)b'ker8,
94®941ip
fl
S.
Bonds,
$49,200
50,500
52.900
67.000
27,000
$246,600
on the Boston and Philadelphia Exchanges were:
-Boston.—
Listed Unlisted
shares. shares.
Philadelphia.
Listed Unlisted Bond
.
Bond
Monday
Tuesday
Wednesday
Thursday
Friday
Total
shares.
6,687
14,744
5,653
11,265
11,929
13,118
sales.
$2,000
30,985
59,455
34,200
28,840
24.060
shares,
18,527
47,143
28,393
35,753
35,051
39,514
7,431
30.987
19,449
20,498
23,532
32,247
11,323
34.618
31,915
19,929
15,236
29,027
sales.
$69,200
345.700
345,200
272.980
159.500
183,300
204,381
Saturday
63,395
179,540
134,134
142,048
l,2r5.8S0
Railroad and Miscellaneous Stocks.— The stock market
has been decidedly erratic this week. There was a heavy
movement on Monday,
led
by
local traf^tion
when
the sales aggregated nearly 1,1(0,000 shares
and active railway stocks declined an average of from 3 to 5
points. The market was irregular on Tuesday and Wednesday, was steadier on Thursday with a hardening tendency
towards the close, and to-day's market was decidedly s'rong
with a substantial recovery in manj- issues.
Brooklyn Rapid Transit was the weak feature; it sold
down to 75I0. the lowest quotation of the year and a loss of
34 points within a month; Metropolitan Street Railway also
declined to the lowest price of the year, but these stocks
have recovered 17 and 12^2 points respectively.
The anthracite coal shares were the sti'ong features of the
list on the improved condition of the coal trade and Lackawanna's prospects under the new regime. The latter has
advanced 9 points within the week and is at the highest
quotation recorded in recent years.
Naturally under existing conditions stocks on the miscelMilling
laneous li.st fluctuated widely.
U. S. Flour
reversed the tendencv noted last week, the common declining J4i^ points and the preferred 283;< points American
Sugar Refining covered a range of 8 points, American
Tobacco nearly 8 points, Tennessee Coal Iron & Railway,
over 10 points and New York Air Brake 17 points.
&
86^
.
1898.
1899.
$346,600
15,000
9.268,500
liquidating
Surplus reser^'e
was made.
and Wabash bonds.
Total
$
September 22.
Pacific
Stocks— .vo. shares
Par value
58,922,700
59,022,700
Biirplus
77,382,600
75.292,300
Loans &disc'nt8 739.791,900 Deo.7,>"54,400 653.264,700
Circulation
I4.825,700ilnc. IStJ.'OO 14,466.600
Net deposits
819,383,400 Dec. 1 5055700 712.067,600
Specie
156,022,6001 Dec.5,060,600 128,899.800
49,0(f8,7O0 Deo. 886,800 53,357,500
Legal tenders ..
Reserve held
20%121,30o'Dec 5,947,400 182,257,300
Legal reserve
204,845,850 Deo 3,763, 9vJ5 178,016,9l>u
Note.— Returns
Union
Sales at
r. Stock Exch.
Government bonds...
State bonds
RR. and misc. bonds.
issues,
Capital
'130
130^ 13016
*111% *111% •111% •111%
•111% •111%
•111% •111%
Stock and Bond Sales.— The following shows the volume
New York Stock Ex-
175,000 francs in silver.
NEW TOHK CITT CLEABING-HOTISE BASICS.
1898.
•130
of business in stocks and bonds on the
change for the past week and since Jan. 1
to
Sept. 17.
•130
*130
&
Oct. l.S
Oct. 5
Oct. 15
continued dominant during the early part of this week.
The bank statement last Saturday showed the need of further efforts in the direction of strengthening bank reserves,
and the liquidation of stocks by borrowers was more pronounced on Monday than on any previous (lay of the movement. Of course there was another decline in prices, but the
decline was generally within reasonable limits, and in many
cases has been fully recovered. No doubt the changes in
ownership that have taken place leave the markets in a
much more healthy condition than they have recently been.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 to 10 per cent. To-day's rates on call were 5 to 7 per
cent. Prime commercial paper quoted a% to 6 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £101.689, and the percentage
of reserve to liabilities was 51-69, against 52'15 last week; the
discount rate remains unchanged at '6}4. P^r cent. The Bank
of France shows an increase of 1.050.(JOO francs in gold and
JHfferen'sfr'm
Frev. week.
*130
*130
closing quotations are generally fractionally lower than our
Transactions at the Exchange amounted to nearly
last.
$2.500,<'0f» par value on Tuesday, since which they have
steadily declined in volume. Oregon Short Line issues were
active and strong, notwithstanding the general tendency of
the market. Missouri Pacific 1st col. 5s and Atchison adjustment 4s were also exceptional in closing substantially
higher than last week. The other specially active features
were Atchison. Central of Georgia. Kansas City Pittsburg
Gulf, Mexican Central, St. Louis Southwestern. Southern
—
1899.
io8*" •ios" •108
*i08"
•lllie niiifi lllH IIII4
*113l4 *ll?.l4 •113 •113
The market for railway bonds has been weak and irregusympathy with other security markets. Some recovery has been made from the lowest, but in the active list
TTALIi STREET. FRIDAY, SEPT. ii, 1S99.-5 P. »1
The Money Market and Financial Situation. Influences
which shaped the course of the security markets last week
Sept. 16.
22.
lar in
15
to
to
36
14 Sept. 19 to Oct. 14
I to Oct. 20
20 Oct.
2 Sept. 23 to Oct. 1
10
Sept.
*108i2 •10812 •10838
IO8I2 10838 10838
108 »a
the price bid at the morning board; no sale
JV.
2^)
2\j
*100% •100% •100% '100%
;
iim
Sfpt.
21.
Sept.
at 871^
Oct. 10
Oct. 1
Nov.
16
State and Railroad Bonds.—Sales of State bonds at the
Board are limited to $15,000 Virginia fund, debt 2-3s of 1991
3 to Oct. 16
—
isl
Sept.
19.
Sept.
18.
Sept.
reg. Q. -Mch. *100l2 *100^
reg. Q. - Feb. *10Bis *108i«
1918,
coup Q. - Feb. ncsifl IO8I2
1918
1918, small reg. Q. - Feb.
ios'
1918, small, c'p. Q. -Feb. *10"8'
1907
reg. Q. - Jan. *llll4
*113l4
1907 ,
coup. Q. -Jan. ni3
n2934
1925
reg. Q. - Feb. *130
130»4
1925
coup. Q. - Feb. -130
1904
reg. Q. - Feb. "lllJSj '11131
cou p. Q. - Feb. *111% "111%
1904
This
.taSsceJlaneonii.
Amalgamated Copper
at the
130}^;
$25,0:0 4s. reg.. 1907. at llli^ to llli^: $104,500 3s, coup., at
KiSSg to 1081^; $2,100 ditto (small bonds) at 108 and $40,000
The following are the daily closing quo3s, reg.. at lOSJ^.
tations: for ytarlij rariQe see seventh puge follovnng.
Periods.
1%
(extra)
Garfield National (quar.)
Title
I
li2
Daixks.
Avenue (quar.)
Fi^th
to
Oct. 10
10 Oct.
Oct. 9
10 Oct.
Sept. 23 Sept. 16 to Sept. 24
to
Nov.
1^
(qu.).
to
2
—
United States Bonds. Sales of Government bonds
Board include $75,000 4s, coup., 1935. at 130i^ to
Oct.
Oct.
1
,
&
16
Oct.
'^
2
&
2 Sept. 21 to Oct.
3 Sept. 20 to Oct.
1 Sept. 20 to Oct.
3 Sept. 20 to Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
1
(extra)
do.
Southern (quar.)
Cin. Chic. & St. L pref...
Pitts.
Pitts Youngs.
Ash., com
Do.
pref
do.
[Vol. LXIX.
\
THE CHRONICLE -STOCK
Sept. 23, 1899.]
New York
Stock
Exchange—A
tiaturday,
Monday,
Tuexday,
Sept.
18.
Sept. 19.
•17
13
39
40^
•17
39
1954
63^
aiJ6
51
51
87M 89H 38
•34
38
78 ....
78«
93^ 93ii •91
180H 138
•50
98$^
92^
62
fm
70
87
38
80
•32
S3
52
26)4 865*
128)4 130)4
831^
13Ji
94
SOU
20%
20X
63)6
50)4
70)4
68)4
51
71
83H
33
78
98
•17
•89
18
40
6156
49)6
70),
76)6
38
52
2654 2756
129)4 131
46
86
47
90
78
38
48
87
129
139
93)6
14M
14)4
98
80
93
79
39
14T6
94
81)4
82
•32
78
....
92H •9154
52
52
9154
53)6
•01)4
...
93
80
38
78
78)4
92)6
63)^
5054
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84)^
8654 87)6
138)6 13054
44
475I
US)in5H llOH
•118
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122
190
18
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11
42;<
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100
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28
43
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188
15
183
179^
181
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76
75
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15«
•13
87
•16
45
95
14
37
168)4
205
210
11856
11856 11354
181
19C
12
118
118
190
175
13
40^ 48^
456
148
167
43
55)6
88
87-4
10'4
100
10
38
44
10)6
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7«
88H
32M
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48:4
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120)4 18154
179 18054
8054 81H
74
7456
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80
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6
13)6 13J6
13)4 13)4
86
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42
7
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48
90
89
130
14)4 15
90
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78
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53
120
181
58!4 59
27)6 8756
130>4 138H
4854 49
90)6 91)4
4856
81)4
130
14)4
80%
89)6
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43)4
15
15
182)4 184)6
186 19054
81)4 82)4
7454 7594
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456
456
44
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17
17)6
6
135i
18)i
3654
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189
81%
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36)6
43H 43H
186
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94)6
86
SI
161
86
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161
164
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161
84
162
33
68
33
68
34
33
33
68
83
161
& liOnlsT.
pref.
Chicago HUw. * St. Paul.
Do
pref.
Chicago * North Western.
Do
pref.
Chicago Rock IsL & Pao.
ChlcTst. P. Minn. A Om..
Chlo. Indlanap.
Do
Do
68^ 68%
11 3«
•13
56
83
61
118
68)4
11854 113)4
13)6 13H
5456 55
10
13
8
854
118M
10
IS
66
13
9
7
8
•4
•4
5
•19
19
21
79
808
79H
13H
56
13
•IIX
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81
•19
•79
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20)4
80
•60
50
70
78X 79H
108
114)4
181H 805H
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68
15
14)4
5
106)6
64H 64H
13
13
40
40«
21
30
•19
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17)4
BTansT.
70
78
7754 79
1075i 110)6
14%
14)6
5>4
656
Ft.
83
64
24
6456
18^
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465^
42%
12)6
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4456
44
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83
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195
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14)4
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78
73
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97
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63
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45)4
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198
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21)6
66)6 68
5»
5
76
34
63
13
40
HH
79
•65
7856
16
14)6
82)6
38)6
80)4
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80)6
67)6
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14%
15)6
6)6
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S73
73)6
556
•94
97
24
34
64
63)6
13)6
38)6
44)6
45)4
4454
6754
6754
33
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39)4
40
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60
76
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86)4
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33
85
84
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49
•84
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45
75
76
46
46
78
49
89
66
47
86
80
»65)4
138M 129%
131
78
•95
67)6
'318
817
84)4 86
83
83)6
68
69)4
69J4'
61
53)4
52)6
75H 7354 76
85H
84
69^
52«
78H
99
31^
66K
31)4
81
•
3354
76
sm
32%
72
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8054
65)6
31
65)4
131)4
7356
97
33
•8254
82
88
65
{66
131
138)6
725i 79
9454 97
31
31)4
5756
81)6
67
8256
595*
3156
83
88
•63)6
66)6
130H
•95
31
67)6
3154
•80
81
Bid and asked prices
;
no
sales
S3
Railway.
NHW YORK
Bid.
Ask
CITY.
40
St A Fnl F— Stock.
38
Istmon 7s 1900. ..JAJ 101)6 103
B'way A "th Ave— Stock. 385
Istmor 58 1904... J&D 104 106)6
*dmor 5s 1914.... JAJ 110 112
BiMOk
Oon 5s 1943— Se« Stock Bxobl 1st.
B'waySuF Ist5sgu.l934 115 117
>d Stint as rental. 1905 104
Central Crosstown— Stock 260
1st
6i 1922
{18S
cn Pk N A B Rlv— Stock 195
noniol ?• 1902
J AD 107
M
106
MAN
i
pref.
Do
pref.
Do
45
75
810
216
MoblleA Ohio
Morris A Bssex
Y. Central A Hudson..
N.Y. Chlo. A St. Louis.
85%
86
70
54
Do
1st pref.
Do
8d pref.
New York A Harlem
N Y. Lack. A Western..,.
N. Y. New Haven A Hart.
N. Y. Ontario A Western.
Norfolk A Western
Do
pref.
Nor. Pao. Ry., TOt.tr. ctfs.
Do
pref
76)6
75
43
46
Or.RR.AN.Co.Tot.tr.ofs
Do
pref., Tot. tr. ctfs.
7756
47)6 Pacific Coast Co.
7754
47)i
•88
131%
Ni
36)4
8556
8456
69)4
53)6
64
Do
88
66
1st pref..
Do 8d pref..
132561 Pennsylvania. ....
75
75
•90
98
A St. L.
Plttsb. Cln. Chlo.
Do
Reading, Tottng tr.
33
2d pref., voting tr ctfs..
Rio Grande A Western
1st pref., vot. tr ctfs.
. .
83
t
Do
Ex dlT. and
pref
rights,
t
(Giveij at foot of 7 gonsboutive
Ask.
Bid.
Christ'p'rAlOth St^Stock 170
ColA 9th Ave 5B-Se« Stock Bxch
Dry D E B A Bat— Stock.
145
1st gold 5s 1932... JAD 117
Scrip 5s 1915
FAA 108
Blghth Avenue Stock.
400
Scrip 6s 1914
108
175
1
l8t.
155
130
106
•
.
•••«
43d A Or St Fer—Stock.
400 426
75
83
42d St Man A St N Ave.
Istmortes 1910. .M43 117)6 118
2d Income 68 1915. JAJ
85
88
.
Metropolitan
See atock
pref.
otf s.
215i
59)6
81
Street Railways.
.
pref.
68
33
83
. .
4654 Missouri Paolflo
Lex AvA Pav F 58-S«« 8tk Hxob
109
De« Moines. ....
Lake Krle & Western.
41
Less than 100 shares,
—
.
79)6 LoulSTllleA Nashnile...!
1115< \jl anhattanHleT.,oonsol
i'Aetropolltan Street ....
800
Uet. West Side BL (Chic.)
33
Do
67
pref.
15)6 Mexican CentraL
5)4 Mezloan Nat'l tr. rects...
Michigan Central
115
Minneapolis A St. Louis. .
73
Do
97
8d pref.
855< Minn. St. P. A S. S. Marie.
Do
pref.
6554
1356 Mo. Kansas A Texas
21% 21% 21)6
58%
58)4 5854
38%
3256 33)4
80
88
3t
46
•88
88
•63
66
131
1315i
75)6 76
•96
97
3154
5956
8I54
on this day.
CUTSIDE SECURITIES
Street
78
97
pref.
»r'nB.&W.,debt ofs."'B'
44%
'813
31 5H 815)6 •210
816
818
85
86M 36)4 35% 85)6 8654
235* 8454
83)6 34)4
2356 8454
68M 6956 68)6 69
6854 69%
51% 5356 5154 5854 5356 63)4
74)6 75)6
74)4 75
74)6 75
•43
43
44
45
44
44
•74
•74
77
77
77
77
47)6
4554 46)4
46)6 47)6
88
8d
Lake Sh. A Mich. South.
Long Island.
•189« 185 il82 183 182)6 185
182)6 185
'182)6 186
>183)6 186
185« 186« 133)^ 13656 136)4 136)6 13456 135% 135 135% 135)6 137
113
14
13H 13H 13)6 13)6 •13)6 1456 13)6 1456 14
•65
•88
ist pref.
& Terre Haute
Do
8t«
•19
•18
80
7654
•93
96
83
67
•64
44
37
15)4
6)6
4M
21
197
20)6
,
pref.
W.& Den. C, stamped.
Keokuk
•8)4
•56
65
78)4 79)6
10754 110)6
S7654
'303
pref.
(33
33
Hooking Valley
Do
•6154 63)6
pref.
11356 114)4 Illinois Central
13)4 13)4 1-owa Central
Do
5654 5654
pref.
11
Kanawha & Michigan...
an. City PltU. A Golf.
7)4
78)6
10954
7756
106
198
66
•114)6 116
71)6 71)6
95^ 196
60
802
198
31
66
•19
•19
....
Do
pref.
Pint & Pere Mar<iuette..
Do
pref.
•68)6
61)6
113 113)4
13
13
56
56
10
13
8
8
•3)4
80
79
60
79
190
•19
•64
4
81
76
79
50
808
64
13
8
•3
70
115
78
55
•10
Rio Grande.
•38
Ft. Worth A Bio Grande.
84
168)6 164)6 /^reat Northern, pref.
34
161)6
33% 5?^
63
113)4
13
56)6
18%
19
18
18
108J6
187)6 183)4
88)6
•111
78
115
75
97
35
•83
7656
61)6
113
5
8
105
64
15)4
694
•111
•73
•96
1854
64)6
4
Do
Do
3';)6
44
95
44
95
^
35>4
35ii
pref.
. .
Do
554
86)6
68)6
63)6
86
168
"A"..
4 P.O. pref. "B"..
6 P.O. pref.
Do
1456
13)4 Erie.
1456
45
96
pref.
Des Moines & Ft. Dodge.
Dul. So. Shore & Atl
20
17M
44
96
. .
Denver
75)6
•13
13>4
8654
.
Do
2d pref. do
Delaware & Hudson
el. Lack. & Western...
16
•4)6
::::;: :::::
Cent.Pac, Speyer&Co.ctfs
Chesapeake i Ohio
Chicago Burl. & Qnlnoy.
Chicago Consol. Traction.
Chicago & Bast. Illinois
Do
Do
124
190
32
75)6
•18
75)6
18)6
Jersey....
Chlo. Terminal Transfer.
Do
pref.
CleT. Cln. Chlo. 4 St. L.
Do
pref.
CleT. Lorain & Wheeling.
Do
pref.
Colorado Mid., Tot. tr. otf s.
Do pref. Tot. tr. ctfs.
4)4 Col. & Sou., listed May 24
44
Do
1st pref.
do
•16)4
133
New
Central of
.
44
•43)4 44
•15
16
18356 1235i
189% 191
31)6 ai5i
1
IBt.
Hznhl
Irit,
300
800
pref.
Do
81
41)6
456
45«
Do
1454 Chicago Great Western.
8I54
Do 4 P.O. debentures.
14)4
8154
80)6
41)6
9454
&
CCanadian Paotfio
Canada Sonthem
130
'
14%
90
78
96)6
9251
53)4
•9154
19
46
95
Lowest.
520
pref
Santa Fe,
.
90
93
53
Atoh. Topeka
18
13)6
10
12)4
43
41
44)^
4344
18756 129)ti
186)6 188
178
178)6
166 167H 167)6 17054
165 168
306 2J7)4
1302
808 J805 806
110% 113)4 118)^113)6 113)61145*
130
120
119)4 119)4 •117
126)a
175 190 •175 190 {175 175
•14
14
13)6 15
16
14)4
45
45
43)6 46
44)6 46
66
66
55)6 66)4
66)4
55)6
•98 100
97
97
•10
•10
10)6
10
10
18
•38
•38
39% 40
41
41
•6
7
7
7
7)6
7)4
8356 33)6
83)6 83H
33)4 88)4
1354
13)4
3754
Bangefor pre9^
On basis ofioo-sh're loU o%uytar(189e^,
of the
Week.
Shares
17,140
pref. 196,565
Do
635<
13,59.5
61)4 Balt,40hio,vot.tr.certfB,
8,573
pref.
Do
7lH
1086,201
8256 BrooklTn Rapid Transit.
1,150
43 Baffalo Booh. & Plttf bnrg.
62%
H8
Ann Arbor
Do
18
41
81
60)6
7054
86)6
S8
139H 13C%
88
135
15
6
15
•17
4054
2056
18
40
119)6 180)4
66)4 58)6
2654 3756
40'
40
39)6 40)^
*1H 41?i
•9
10
854 10
10
10
8!
•41
41
43
43
40
42« 48«
40)6
128 139^ 12556 187H 187 18756 135% 18754
il78«178^ 179 170 177J6 17HJ6
178)6
166^1671^ 165)4 167
803 810
«S05 210
B29
1.
Highest.
Lowest. Highest,
Railroad Stocks.
17
18
STOCKS.
Y. STOCK EXCH.
N.
22.
Sept.
21.
Page
Bang* for year 1899.
Sales
Friday,
A'ep<.
116H 117W 116^181)4 118)6 130)<!
56^ 5t5% 56)g 67
65)4 65«
45
....
136H
5154
20.
Sept.
39
39M •36H 40
20X 30)4 8056 20
60H 6256
49
50)4
69« 70«
7854
S3
153
1171^ 119
66
57M
86« 87)4
•16
18
Wednesday
(2 pages)
Weekly and Yearly Record.
Dailv,
8TOOK8-H10HBST AlfD L0WB8T SALS PRIOSS.
Sept. 16.
PRICES
3
5
38
6
4
3
3
4
19
13
8
16
7
3
4
10
5
23
700
68)6Aug 24
12
87
Jan
33
23
31
8
18
85%Mar 186!<Deo
22
82
31
—
100
121
220
114
113)6
list.
A 29th 8U Ist 58. .'96 {U4
116
Twenty-Third St— Stock 395
Deb 58 1906
JAJ 106
190
Union Railway— Stock
Union Ry Ist 5b '42. FAA 113
108
200
116
84
Sep
76)6 Sep
00)6Jaii
Deo
68
09
Dm
2656De«
40 Apr 66 J*IM
108 Jan 113)6reb
83
9V6Feb 18 Ang
103)6Aug 18 71)iJ'ly 86 Deo
85)6Aug 89 28 Mar 64 Dee
4456Sep 6
80 Apr 38 Not
12)6Apr 85
7 Feb 11 Jlj
495iMar 6 83 Apr S8)6Jl7
136)6Sep 6 83)iApr 18054 De«
179 Sep 5 140 Apr 166)2
173 Sep 6 113)4Mar 143)4Dm
210%Sep 7 163 Jan 191)6N0T
182)6Jan 27 80 Mar 114%Dm
126)6Sep 22
65 Mar 94
185 Sep 1 1148 Jan 170 Not
25)4Mar 87
4)6Jan
956Mar
56)6Mar 37 38)6JaQ 37)6Avc
10
63%Apr
25 Ma>- VIHAvm
10854Jan 26
77)6Mar 07
1654Jan 86
ll>4Mar lOXJan
45 Apr 26
43 Nov 63)28«p
.
Dm
DM
Dm
6)4J*ne
14 J'ne
Dm
SOMDm
skdm
654 Nov
4356NOV
1454N0V
6054DM
Dm
80
Nov 114)4Feb
93
140
10
40
Oct 159
Apr
Apr
8%Apr
Apr
Apr
6
88)4Apr
15)6 Apr
Feb
31)6DM
Dm
7156
83)6Dm
S)6I>M
356Aug
11
SkAiu
16)2Feb
4356Feb
8156F«b
May 4156DM
28
40
Dm
Jan 73)4
10 Mar I85JN0T
36 Aug 49 Not
Nov 38 Mar
i 15
10 May 17)6DM
tl88 J'ly 180 J'na
7)6DM
8)6J'ly
Apr 11556 Dm
86
7)4Mar
11)6 I>eo
Apr
5%0ot
16 Apr
3 Jan
48)6DM
May
18)6 J'na
86
15
Dm
8
3&)6Dm
5)6J'ii«
Oct
53 Oct 83 Aug
17054Jan 316
40 Jan 69)6Ang
44 Apr 65)4
90 Oct 180)4Jan
185)4Mar 194MDM
18
Dm
Dm
7HDM
4)6 J'ne
%Dec
l»M«y
46 Mar
6)6Mar
78)6
7 Mar
Apr
14)4Jan
41 Jan
99)6Mar 118 Dm
24 Mar 3894Dea
10
8854Mar
Dm
22 Mar 46)4Dm
34 Not 88)6Feb
il67)6Jan {180
105 Mar 184%DM
Dm
1156Mar
73 Feb
16^an
Jan
76
28 Mar 40MJ*n
1320 Jan 1353 Oct
1120 Apr J128 Not
il78)4Jan 801
DM
lS56Apr
ll)6Apr
43)6Mar
19 Feb
10)6DM
ie56DM
63UDM
44kDM
56%Mar 70U8«B
aiMAac
78 Not
86)6Jan
66)6Mar
3494J'ne
Deo
67 Not
70
11054Mar
38%Jan
07 Mar
15)6Mar
36 Mar
17540ct
38 May
50)4Mar
48)6Bep
01
69 8«9
rv
18S%Dm
e3%DM
Dm
84)6
8356 J«a
6456 Dee
Jaa
89
88
Aug
sexAn
t All assessts. paid.
FAQm).—SlRB^7 RAILWAYS,
800
78%D««
17)4Mar
.
.
79)«D«a
80
9 Jan
9
27 Sep 6
8%Jan 6
456Sep 13
4154J'nel6 58)6Mar 17
640 1454Sep 16 85 Mar 22
18,390 106)6Jan
3 12554Apr 80
43,133 157 Jan 7 191)4Sep 19
7,600 18)6Jan 7 2656Apr 27
6,813 68)6 Jan 11 80 Apr 87
800 13>4J'ne 1 33)6Jan 3
3 Apr 11
6)4Aug 84
"660
754Jan 30 16%Aug 85
730 18)6J'ne 33 16)4Jan 19
5,225 33)6J'ae 81 48 Jan 84
100 16)4May 8 33)6Jan 30
1,249 36 Mar 88 46 Sep 14
240 70 Jan 7 98)6Sep 9
17 Jan 4 32)4Mayl5
4 3)6 Jan
3 66 May 19
14 Aug 9 35 Jan 5
14 Feb 1 30 Mar 38
4,705 143)4Jan 6 195 Maris
9 Jan 86
6 May 4
880 82 J'ly 13 37563ep 6
3,808 &4)4May 13 66)48ep 6
8,863 110 J'ne 1 182 Jan 83
3,520 10)4Mar 7 1654Aug 84
1,396 42)6May 31 62)4Aug 85
700
754Jan 13 16 Mar 32
3,395
7 Mar 15 18 Jan 6
5)6Feb 1
3 May 9
16 Mar 8 22)6Aug 86
150 1454J'ne 8 22XJan 37
3.330 60 Jan 16 81)4J'ly 28
5 208 Jan 84
196)6 Jan
800 56)4Jan 6 85 Apr 4
68,907 63 Mar 6 83%Ang 81
863,485 97 Jan 4 13356Apr 3
106,869 187)6Sep 18 269 Mar 88
300 13)6Augl2 22)48ep 6
200 44)6May 5 67 Sep 6
8,375
6 Jan
7 17)6Apr 27
8,880
6 Aug 23
1 Jan
6
7 116 Jan 84
111 Sep
350 35)4Jan 6 78 Aug 39
55 73>4Jan 7 98)6 Aug 18
1,550
854Jan 84 37)6May 18
1,310 39 Feb 10 78 May 18
1,653 115iMay 10 14%Jan 30
19,516 30)6May 31 46)4 Aug 31
49,160 3854J'ne 1 58)6Apr 4
8,375 33 Jan 3 58 Aug 88
40 176 Jan 3 1185 J'ne 1
43,645 18 154 Jan 3 14454Mar 89
312 18 J'ne 89 1954Jan 83
300 65 Mar 7 79 Jan 83
400 89)6Mar 84 41 Jan 83
1360 Jan 25 iS90 Mar 14
129)6 Jan 87 U38)6MarH
312 1198 Jan 19 S222 Apr 20
31,705 1856Jan 3 28%Mar 87
23,255 1756Mar 17 8856Aug 23
,640 6156Jan 6 74>4Aug23
46,055 4256Jan 7 67)6AuK 34
10,571 73 J'ne 1 8 1)6 Jan 86
310 33 J'ne 2 68 Jan 83
400 6854 J'ne 1^ 775iSep 22
5,130 38 May 11 51 Jan 86
84)6Apr 18 90 Feb 80
60 58)6J'ly 6 6754Feb 81
85,930 122%Jan 5 148 Jan 83
5,020 43 May 11 88 Jan 83
80 Feb 10 100 Aug 17
5,556 1956May 13 86 Jan 84
67,380 5154Jan 7 68)6Apr 4
6,420 26)6Jan 7 38)4 Mar 83
25)6Jan 4 43)6Feb 3
lOOl 66 Jan
3 8354Au» 31
Ask.
190
15 Fab
40i47ab
68 Oct
35 Mar
25 Mar
63 Bfay
73 Apr
44)6Mar
83)40ct
15
ISViJ'ly 14
Before payment of assmt.
Apr
lOMApr 10)6Dm
22%Mar 63MD«a
31 Oct
08)|Dm
6)4Aug 33
1,444
9,645
1,476
11
34
J'ly 19
24%Feb 23
67HJ'ne21
1,925
19,790
4,200
9,840
23,807
2,275
2,410
115
29,740
1,850 8356Jai.
5,800 5 054 J an
4,620 28 J'ne
6,376
75<Jan
1,465 31 Jan
190,493 120)6Jan
460 166!4Jan
8,061 141)4Jan
355 188 Jan
72,110 107)6May
1,020 91 Feb
10 170 Jan
1,960
7)6Jan
3,050 36)6Jan
5,266 4 2)6 Jan
720 94 May
100
9 JMy
300 87)4J'ne
Consol. 58, 1948.. .FAA 130
Sixth Avenue Stock,
803
Sou Boulev 58 1945.. JAJ {118
So Fer 1st 58 1919.. AAO {llOH
"Third Avenue Su Stock Bxch
88th
18
43)6 May 23
61)6Apr
79)6Jan
75)6Sep 20 137 Apr
30)4Mar 24 48 Sep
69 May 9 96)6Sep
8456Mar 15 99)6 May
50)6J'ne 2 70 Jan
97 Jan 3 1225<Apr
T455<May 9 116056 Vug
3354Ma7 31 31)4Feb
124)4Jan 7 149HFeb
45 Sep 18 0856 Apr
5956Jan 4 100i4Hep
11254Jan 3 13856Sep
13 J'ne 1 8056Jan
Bid.
Street Rall^rayii.
Ninth Avenue Stock
180
Second Avenue Stock.
196
1st mort 5b 1909. .MAN 108
—
—
14 Apr 29
36 May 8
17 May 9
6056Jan 7
43%J'ne 22
Street
Westchest
Railway.
dc.
Bid.
Ist Ss '43. .JAJ {110
Ask
.
114
BROOKLYN.
Atlan. Ave., 1st
5b..AA0 {107
AAO
JAJ
Impt 58 g 1934
B. B. AW.B. 58 1983. AAO
Con Sag 1931
—
118
95
100
113
100
101
347'
845
Brooklyn City— Stock
JAJ 117
5s 1941
Consol
BklynCro88tn58l908.JAJ 105
BklnHgtslsl 5s 1941AAn 104
i'kyn Q Co.A Sub— Se« St ck Bx, Ust.
Btlrn Rap.Tran.- S«« Sto Ok Bx. List
THE CHRONICLK-STOCK PEICES (2 pages)
630
Monday,
Tuesday,
Sept. 16.
Sept. 18.
Sept.
•4«
•49
8H
**H
•48
58
5«
BO
•15« 16
•15k 16
">« 11% 10?6 low
»69
•35
l*H
34H 35^
65
78
11
•70
36?^
34
•66Ji
lOlH 100
36H 36%
18^
61% 58M
34«
llH
118^
49}^
18
19i< i«M
184% 184% 180
•16
•30
14H
-Sept.
SI
19
1196
1196
•70
73
1196
1196
•70
72
37k
14k 14k
36k 36%
3494
33k 34k
34
1896
•15
•30
14
1194
51
20
1194
52k
51k
19k
19
199*
178
182
30
40
62
•15
•30
80
40
62
1178
•15
•30
*iH 44%
75% 7«<»«
•7«
7*6
81^ 81^
11!.^
•65
78
3794
11?*
5294
199*
180k §170
•15
•30
20
40
170
80
40
hlrd
Toledo
Do
Twin
S8
43%
76H '<6H
7« 7H
21^ 81^
Ilk 1194
•56
2694
58
28
120
1196
•55
88
17
118
ni5
14
•82
81
•9«
150^
I16X
•9k
50
16
66
51
i»H
68
38
88^
40
185
39
90
996
50
16
66k
51« 54k
97
97k
145« 149% 14296146k
•117% 119X 117 117k
•98
40
•86
100
40
90
S98
124
12794
119k 123
99
37k 39
85
86k
il45kl4ek
64« 51k 53k
54
•138
143
137
14
•2
•8
64%
6lk
68
•117
«8%
50
•1596
137
14
2k
5"
17k I'k
1896
188
•36
43
90
43
94
186
•3ek 43
87
40k 43
90k 94
181
'
44k
849<
1296
58
31
17
29% 30k
16k 17
55k 56%
118
93
•147
39k 40k
39k
•88
•88
•9%
9%
50
50k
18
39
9%
50
§16k
6694
50
16k
15k
67
66
36%
8bk 89k
4094 48k
89k
42k
41
85
83
8594
5194
50
96
98k 97k
61k
88
188
87
12296 125
96%
141
58%
61k 53k
138
138
1494
•2
136
5994
98k
39
8594
137
143
54
121
145
53k
136% •136
1594
67
117
88k
1143
2k
56k 59k 679C
•117
17% 18
17%
17% 18
186
•40k 43
«
87
•1%
8
186
18ii96
•36
r
95
9896
77
74
ie6k 66k
64k 66
•97
•11
46
•97
•10
44
98
80
45
•
101k
'2894
*a9k 31
110
110
896
•60
•17
58k
49k
96% 97k
•37
95
•35
164
39
160
18k
•794
30
896
'7
68
80
168
100
80
45
IllOk 111
»H
8k
8
•69
•16
62
•65
74
8k
70
20
61
96
39
1B6
6594
•97
13
86k
185
185
43
87
•36
95
9194
77
•6k
•60
•16
61
•37
98
13
45
189<
8k
41k
•794
8k
»
65% 65k
J
•6*5"
•97
•10
8
•7
83
58
98
39
•16
60
8
62k 80
18k
'm
40
•36
8k
41k
•60
•16
68k
95k
x95
1894
•6k
70
23
88%
89
42
Do
•36
"4 a"
•794
•60
5794
78
40
108
64
65
50
kl^
78
53k
4094
60
55
76
50
56
8894
•
114% 114%
118
196
138
•190
•130
89k
40k
75
11% 12k "lik 12%
7694 76k
72k 75
48
48k 47k 48
•115
•198
•132
8894
195
186
88k 69k
60
56
75
50
24
60
65
18
78
12k
7696
11%
75k
4«k
1896
7696
4796
Kallway.
s
Bid
111
Coney Island & Brooklyn. 330
JAJ 101
lit 58 1904
5i certfs Indbtl 9 1 0. J&J 100
B'kC.&New
58 '39.J&J {114
Gr.8t.&New IstSs'OOA&O 104
O'p't 4 Lorlmer St. Ist 6s. 108
King! Co. HlevaU— Stock
2
Inoomei....'
Bond*
Nassau BlM pref
5S1944
lit 4s 1^48
5
95
75
A&O
114
l&J
0«
Ask.
112
• • *
t
108
117
6
8
•••••(
lie
98
§
6
31
ISkAug 3
3 409*Aug 8
5 73%ADg26
98kJan 5 106 Jan 8»
37 May 9 44 Jan 31
10 May 31 14 Jan 16
40%Jan 4 6594Aug 31
17kJan 6 2596Mar 1
167 Jan 11 242 Feb 27
694Jan
4
29 Apr
42 Mar
3 73 Apr
9 141 Feb
20 5096Feb
13kMay
1
89
Do
145 Oct 194%Feb
§12 Aug 85 Sep
35 Aug 48 Cot
24
4894May 26
17
Aug
59
Aug 28
31
Jan 30
3894May IS
1894Aug 84
20 §103 Jan 3 §119 Feb 25 *97kApr 33%Dm
3.948 15 J'ne 16 81%May 25
3,851 5696J'ne 16 68968ep
7
4,710 3394Mar 6 45 Aug 23
15%Mar 153 Not
235 88kJan 5 95 May 9
66 M»r 38 Aug
33 Jan 3 52kMar 3
23 May §180 Feb
470 133 J'ne 19 §160kAu 39 §116 Jao l3994Ang
4,495 39 Sep 8 4 Ik Sep 8
10 Si Sep 11 85 Sep 11
184
894J'ne 20 ISkJ'ly 38
1,344
44kJ'ne 30
1 491 Sep
1
740
:,i«o
61
35
80
34
7,203
8,598
100
8,115
pref.
65% Laolede Gas
•6%
794
7k
'60
•15
70
80
52
(St.
Louis).
•36
166
1,66/
10
1,950
747
1,766
500
1st pref.
Sd pref.
pref.
9,750
2,590
NewOant.Coal (new stock)
N. T. Air Brake
1,195
National Steel
Do
•95% 97
39
J'ly 26
J'ly
6
May
-
31
39
171
Do
lights.
78
J'ne 24
57% Aug 10
37%Jan 24
87kJan 26
59 Apr 20
94kApr 20
51
Mar
6,S55
6%Jan
1896 North American Co
•794
6 Mar
8k Ontario Sliver
16', 2 85
40% 4196 Pacific Mall
3894 Sep
eop'l'80a8-L.&C.(Chlo.) 167,149 101 May
10996 112k
66
8,950 4494J'ne
6694 Pressed Steel Car
pref.
4,116 78 May
90
Do
89k
'50
55
26
24
61
55
27
55
Pullman's Palace Car
T> epubllc Iron &;Steel
Do
. .
pref.
Union
I
Do
pref.
United States Express.
Uuit. States Flour Milling
Do
.
pref.
States Leather
pref.
487^ United States Rubber
Do
116
200
135
87% 88
t
pref.
Wagner Palace Car.
ells, Fargo & Co
Western Union Teieiiraph
Hx div.
of 100 p.
c.
70kSep
in bonds.
I
Old stock,
t
106
Ask.
107
8teinwayl8t6sl922.J,£J
116
117
Bid.
8treet Railways.
Bid.
.
.
.
Bridgep Tr- Ist 58*23. J&J «108
110
Buffalo Street Ry— Stock. 100
Ist oonsol 6s 1931. F&A 118
Deb 8s 1932
M&N 118
Chicago Cnty RR^Stook.
892 897%
CltUens' St (Indlaoap.) ..
84% 35%
Cleveland City Ry
101
108
106
95
107
nok
8394Jan 16394 Sep
llSkMar l35%Aug
Mar 140kDM
7kOct 14 J'ne
106
194N0T
kApr
Mar
66 Aug
33%DM
45 Apr
29 Oct
69940ot
76 Sep
6696Dec
87
17
Dm
90
994DM
4%J'ly
164 Oct 205%J'n«
27kMar 63 Sep
8394Apr 94 Dee
17
18
3
3
3
80
86kDee
73%Dee
p. c.
Dm
67
83kDeo
5496An8
96kAn«
394N0V
9
Mar
12%0ct
80
30
Feb
Jan
Jan
Oct
43
Sep
60
40
14
Apr 130 Sep
794 Deo
30
3
86kMar
22
Deo
53%DeO
94%Aug 108 Dm
26kMar 3996Aug
99 Apr 114%Dm
9%Deo
8%Dec
Sk-lan
31 Apr
14
7
Dm
67
95
8
87
Ex 100
Dm
97
107kDec l0996Deo
9694DM
14
1396 Aug
6
Sep
Deo
63
6kD««
Dm
Not
48
112
X132NOV 316
J'ly
6
29
28
10
11
22
28
29
12
May 60968ep
3% J an 10% Aug
17 Mar 3894 Dec
§80 Aug 106 Dm
66
88
Apr
§
eSkDM
15
15
22
22
5
8
6kApr
5394Mar
auMay
76%Dm
t4kMar 48%Ang
80 Mar 113%DM
81
6
IllSkMy §131%ii
88kMar 96MA*
dlT. ^ Ex rigats.
»i
stock
RAILWAYS,
Street iRallwaya.
<&i
Bid.
Ask.
Lynn&Bos-lst58'84.J<tU ;ii8 118 <
Metrop W. S.(Chic).— Scf St. Ex. Ll«t.
Minneap8tRy-58'19.J&J {110k 11094
New Orleans City Ry
26k 87%
98
100
Preferred
840
116% North Chicago— Stock..
"110
JAJ {106k
••
118
Ist 5» 1906-16
Kansas City El Os
89
§
North Jersey St.— Stock.
90
Bonds 48
86k 37%
96
Bonds
Lake 8t (CblclBlev-Stock
91k
17k
16
18
J&J
No Shore Tr (Bost)-Com.
9594 98
deb 6s 1988
87
86
Preferred
119%
Lonlsv St Ry— 5 p o bonds 119
'33 {118k 11694
Common.. ...
59k 80% Prov A Pawt'ok-lst 5b
Columbus (Ohio)— Stock.
Con 6i 1938.— Se« Pbila
CITIES.
Aik
108
94
106
Cleve City-lBt58 'OW.JAJ
Cleveland Electric Ry
M&S
Con 5s 1913
107%Mar 146%Ang
103 Mar 118 Jan
§88 Mar §98%DM
88
23 10% Apr
20 55 Jan
13 129%Apr
1
61 Aug
25 91 Sep
30 178 Sep
86 38%Sep
80 79 Aug
21 85 Apr
20 12 Jan
14 126 Sep
4 160 Aug
1
46 Mar
31 89 Mar
9 60 Jan
20 SSkSep
2P 7 8k Sep
(Given at foot of 7 oonsboutivb PA^Qsa).— 82 REET
Street Railway.
NewWmb'K&Fll8tex.4%s
NY&(iU8Co58 1946.A&0
Dm
13 §8794 J'ne
83 48 Sep
85 Sep
5
87
5494Dec
88
81 Dec
84 Feb 17
8694Aug 88 37%Mar
108%May 18 85 Mar
3 Aug
39 Apr 35
3096Aug
63 Jan 81
5,000 59 Sep
1,490
8k8ep
64,655 36 Jan
250 111 Jan
3.265 24 J'ne
2,159 76 May
300 {46 J'ne
3,956 24 Sep
3,585 50 Sep
78,020
594J'ne 7 16%Sep
33,333 68 J'ne 1 7996Sep
10,345 4296Jan 6 67 Apr
886 111 Jan 3 121 J'ly
100 181 J'ly 17 §195 Aug
200 §126 Jan 10 135k8ep
6,145 87 Sep 80 98kJan
Bag & Paper
.
116
•193
•130
88%
4,85Ci
pref.
Do
12% 15% United
78
Do
7996
4796
4,146 156 Jan
16,885 82kAug
Silver Bullion Certlfs,
tandard Rope & Twine.
Tenn. Coal Iron & RR
4
9096Aug
88
24 J'lf
78%J'ly
96%J'ly 18
5 Jan 25
4196May 18
97kJ'ly 7 107%Jan 19
38 May 31 40%Jan 80
110 Sep 12 116 Jan 81
8 J'ly 13
8%Jan 18
4kMar 17 8%May 4
43 Apr 20 57% Sep 14
13 Mar 17 23 Feb 9
4394J'ne 2 83 Apr 24
85 May 15 9996 Aug 11
37kApr 14 43 Jan 25
118 Jan 3 830 J'ly 19
14kSep 8 18 Aug 31
1296
8k
118
196
133
Do
Do
18
58% 63
400
National Staroh
65
Less than 100 shares,
OTHER
lOMDM
4396DM
8%Mar 30%Dm
Apr
7
24
21
13
64
.
76
Dm
Dm
Dm
18%Jan 38%Dm
107kDec 107%Dm
16%Mar 4496DM
1
84kJan 23 45%Mar 7496DM
19
9%Aii«
8%Jan 84
6kMar
84 85kApr 6
14kMar 34kAn«
4394 Continental
77
66
98
20
47
98
Not
796DM
36
2396Mar
22
21kJ'ne23
7,128
1,975
3,265
9kNoT
69%DM
794Mar 18
18%J'ly 38%Dm
78 Apr 100
12 Apr 36
4
35
aSkJ'na
394Jan
Jan
36 Jan
21
89iF«b
68 J'nt
Feb
Dec
Mar
62kMaT
22kFeb
6
17
88,950 36 J'ne 21 85%Apr
Tobacco
12,715 78 J'ne 89 10 3% Aug
Do
pref.
632 83 Jan 4 101 Aug
Detroit City Gas
114,727 4896Feb 8 76 Apr
54k 63% 5694 Federal Steei
33,36 7 78kMay 13 93%Apr
78
Do
pref.
799*
78J4
2,460 95%Jan 3 186kAug
181
181k 128k General Bleotrlo
5,868 58 Sep 18 7694Mar
60
60
Sugar Refining.
61% Glucose
330 105 Sep 9 110 Jac
108
107
108
Do
pref.
310 97 Jan 3 117k J'ly
113 •111
114% H. B.ClaflinCo
6,060 86%Sep 18 eSkJan
89
87% 39 international Paper
6,56" 72%gep 18 95 Jan
74
Do
pref.
74k 75
680 10 May 6 36 Feb
14
International Sliver
1296
1594
136 40 Sep 14 63kFeb
48% Knickerbocker Ice (Chic.)
48k •41
50
51k
18
1296
75k 76
46k 47%
4796 49k
•114
118 1116% 116k •114
•191
195
195
195
133
131
131
133
89% x87
8794
88
OUTSIDE SECURITIES
Street
24%
•188
•!85
89
Bid and asked prices; no sales on this day.
Oal.Cem.Qr.&B'kynlst
•60
50
85
1
92k 94k
Ilk Ilk
8k
•794
45
13
.
n59k 169k
•12k 12%
9
6
1
18,60('
American Steel Hoop
May 24 44 Sep 14
6,516 70 May 13 8e94Sep 14
Do
pref.
85k
58
51% 52H Amer. Steel & Wire (new) 61,795 45 Feb 8 72 May 4
6,150 92%Feb 8 10694Mar 18
97
Do
9694
pref.
97k
145
14394 1479* American Sugar Refining. 250,0t<5 183kJan 4 182 Mar 20
550 110 Jan 16 123 Mar 20
117
117% 117k
Do
pref.
243 §98 Jan 4 105 Apr 18
98k 198% 99 American Teleg. &Cable.
5.955 33 May 24 5294Apr 4
39
39k 40 American Tin Plate
2,405 81 J'ne 1 99%Feb 8
87
Do
pref.
86k 87
186
237,74(j tSSkJ'ne 81 229%Apr 5
180% I23k American Tobacco
340 138 Jan 4 150 Mar 6
145
146
148
Do
pref.
35,07
57% 64
48kMar 38 70 Apr 36
55k Anaconda Copper
140
1,340 135 J'ne 6 160 Mar 17
138 142
Brooklyn Union Gas
1,885
runsw. Dock&C.Imp't.
15% 15k
9kMay 9 2096Aug 14
700
l%Jan 17
596 Apr 31
2k
2k »k Colorado Coal & L Dev't
57,305 30%Feb 8 84 Sep 11
59
58
69%
olorado Fuel ft Iron
800 88 Jan 6 128% Sep 7
183 •119 185
Do
pref.
8,640
19
189<
6% Feb 15 SlkSep 6
19k Col. & Hock. Coal & Iron
187% 185 193 ConsoUdated Gas (N. T.).. 14,968 183 J'ne 6 383kMar 11
•36
43 Consolidated Ice.
43
80 Aug 16 50% Jan 31
87
86
Do
pref.
88kSep 14 97 Mar 13
S9k 40
110% 109% 11194 106 11094 107% 110k
113k
56
56
55
5894
56k •55k 5ak
57k
19194 9194 z86
88
89k 89k 89
87k 90
174 176
16494 162k
184k 164% 165k 165k 166k 174
'28
2896
28%
88k 28k 2894 87k 8896 28
85k 88
78
71
78
72
73
70%
7396 73k
7394
72k 73H
78k
•69
•59
•5£% 59%
6994 •59
59
6994 •59
69
5994
69k
17%
6% 6%
694
694
6% 6k 5696 65s
7k
6k 694
117 118k 112k 116k 11594 122k 116k 133k 117k 138
116% 12096
ilSO
160
150 150
31
31
30
30
30
•29% 30
2994 30%
30
30
2694
80
81
79% 79%
•81k 82k 80
80k 80
80k 80
41
10994
6894
. .
Ist pref.
2d pref.
Do
pref. (when iss.)
miscellan's Stocks.
89
44
48
85
51k
»6k 96^
39
160
il59k 159k 160
1296
pref.
new
L. B.,
•97
•97
100
99
Do
pref.
•10
•10
80
20
Manhattan Beach Co
44
45
45
«45k
48k 46k National Biscuit
«
•98
Do
....
pref.
198k 98k
29"" 98k • "29 ' 98
29
29
a9k 89J4 29% 29% National Lead
110 110 •110 112% •110k 112k •110 112k
Do
pref.
8^
Nat. Linseed Oil, tr. certfs
896
2% 2k
2«
9794
1894
..pref.
Wisoon. Cent. newCwh.ls.)
4294 4496 '4094 4496 4194 43%
98
Do
Do
Do
56k 68h
85k
5096
97
14894 14694 14096 145k
•117
118 •116k 118
•97 100
100
§100
3996 40
38% 39k
86
pref.
pref.
592k
37k
99k 99%
65
i69i
61k 5394 52k 56% 61
54k 68%
75% 78
76k 78k 77k
77k 79
789i 7994
119 liO •119%
180% 119% 181
128k 12296
68
68
62
59
5994 61
«0k 69
108
108 S108 108 •103 108 104
1114% 11494 •iVi" 114k •111 114% •111 114k 113
87k 89k 26k 2794 27k 88k 8694 28k 87%
76
7296
76k 76
78k 75
78k 74k 73
1594
•18k 15
•18k 14
•18k 14k •18% 16
•48
•40
•40
48
45
43
48
48k •41
•74
City Rapid Transit.
12k Wheeling k
7
J'ne
30 Jan
36 Jan
640 38 Jan
••••• 118 Jan
59,384 38%J'ne
43,096 72 J'ne
517
7kJ'ne
8,872 19 May
82,370
SkJ'ne
20e 60 J'ne
. .
8696
•17
6394
4394
93
153
.
pref.
Wabash
58
31
8,545
85,306
8,350
1,288
(N. Y.),.
Centra]
37k
1794
64k
43k
•147
21% 22k
18
•65
30
300
400
235,455
9
9
Highest,
SkDec
Jan
17kJan
896Jaii
6 14%Feb
64 May 13 76kJan
33kJan 5 44%Jan
394J'ne 84
3,121-1
35
1,105
3,580
16,320
Lowest.
SSkMay 24 55 Jan
41
81
115k •115 118 Adams Kzpreai
18
meiican Car i, Foundry
17% 17k
Do
6494
pref.
64k 84
44
44
44 American Cotton Oil
93
Do
pref.
92k r 93
35
37k American Dlstrlot Tel ....
150' 5 152
158
American Bzpreaa
40k 3996 39% Americau Ice
Do
'9% •88 85 American Linseed pref.
«996
99f
50
6O94 5094
Do
pref.
16
16
16
American Malting
66
67
68
Do
pref.
38
38% 39 Amer.Smeltlng & Refining
§115k
17%
6394
4894
128
179i
188
12
58
•7%
21k 21%
•115
118
37
88
50
79*
58
55k 55k
67%
84%
77k 77%
796
8194
1296
lt94
1794
67
41
7796
•796
29k
•88
36k 38
87k "
88k 41
83k 84k
4594 50k
96k 96k
42%
85k
& Ohio
45k Union PaclfloRy
Do
4496
7694
11%
54k 56k
....
44k 45%
68
3196
12k
58
30
17k 17% 1794
18M 18H 17
6494
65« 65H 64
e4k 64k
44
44
43k
41k 43k 43
•91
•93« »4^
94H 192k 92k
•
37k
37H
•147' 153
147 1160
160 160
41
40
40
39% 40^ 39
iSl
43% 4496
76k 77k
7k 796
44%
78% 7796
7k 7k
31k 22%
16k 17
54k S5
•116
Avenue
Do
42><
12
58
29
vot. tr. cts
Do
iBt pref
Do
2d pref
St. L. & 8. Ft, vot. tr. ctf
170
71
Do
Ist pref
36% 36k
Do
2(1 pref
14
14% St. Lonli Soithweiteni...
34
Do
pref
35k
•83
66 St. Paul 4 Diiluth
100 101k
Do
pref
3796 38% Sontbern Padflo Co
11% 12 Southern, Tottng tr. otfs.
52% 5294
Do pref., Tot. tr. otfi«
20
20k Texas & Padflc
49
::::::::::
44
200
18%
11% Ilk
101
1194
STOCKS.
STOCK EXCH.
•14%
14k
101
36
35k 3«k
». Y.
5k St.j.&a.]8i.
•4k
§48
33% 34k
60k 60k
60
60
10(94 10094
22
Sept.
1196
Range for pre^
viotu year (1898).
I
Friday.
21.
36% 36%
14
14
11% 18
51k 58
176k 180
188
80
40
61« 68
Sept.
5k •4k 5k 4k 5
•48
60
•48k 50
14
16k •14k 15k §14
'100
108
100
35;*
3596 3696
ii;;^
20.
50
61H •66k 67
•15
•aO
8U
40
Wednesday Thursday,
•36k
33
37
•62
•100
•14k
•69
3596
14Vi
73
14.%
6k
•48
I
19.
[Vol. LXIX.
2.
Sales Sangt for year 1899
Of the lonbasisofioo-sh'reloti,
Week.
Shares
Lowest.
Highest.
BTOOKS-SIQHSaT AND L0WX81 SALE PBIOBS.
Matnrdajf,
Page
Crosst'
wn—
1
st 5s
.
list.
118
.
• •
Preferred
111
118
{
Buyer pays accrued
•
inter est.
SEPT. 23, 1899
THE CHRONICLE -liOND
]
Si
N.Y.STOCK EXCHANGE
Wbek ending Sept.
Alabama Cent.
Sc«
Sniiq.
Ask-
Bid.
M-N
labamaMid lgtfiug.1928
Albany &
Sept. 22.
22
Sou Ry.
See
Friday
D&H.
98
I. S«« Cen of N J.
1995 Q-Jt
Ann Art or 1st K 4b
AtchT&SFegeng4s..l995 A-O
1995iA-O
Registered
Am Dock &
96 Sale
102ii Sale
iNOTt
1995
1995iNovt
Registered
Ag 58.... 1902iJ -J
Equip trser
Chic A St Lou l8tes..l9i6 >I-S
Atl Av Bklyn imp a 58.. 1934[J -J
Allan &Danv Istg 5s.. 1950 J -J
Atlan * Tad. See South By
Atlanta & Char. See Sou Ky.
Austin &NW. See. SoPac.
Mich Cen
& S.
Bat Creekprior See 3^8.1925 - J
1 g
alt & O
1925 - J
Registered
1948 A-Ot
Oold4s
1948 A-Ot
Registered
BaitB'ltl8tg58intgn.l990 VI1990 A-O
WVa&PlstgSs
Monon Aiv Istgug 58.1919 F-A
Adjustment g 48
«
8";
Sale
959i Sale
99%
Sale
105
1 St
111
107^
g 48. .. 1 946
108
94
a Car.
JLOuisY
J'ne'99
J'ly'98
108^ 112
Mar'99
1079i 111
93% 94
321^ 32^
108!^ 112
123 130Ji
103 106
89
89
Jan.*99
1281^ May'99
103M Aug'99
89
Feb
'99
Cl&Mahlstgug5s...l943 J -J
A-O
A-O
1906 J-D
BurCR&Nlst5s
1934 A-O
Conlst&coltrgSs
1934 A-O
Registered
M&StLlstgug78....1927 J-D
C R I F & N W Istg 5S.1921 A-O
Canada South 1st 5s. .1908 J-J
1913 M-S
2d5s
1913 M-S
Registered
109
•117
112
1171^
1071^
98
113«
Apr '99
36 108
116
117^117!^
105?i 108^
SI 98
104H
1071^
99
.
108
108
129
129
103
J'ne'99
Sep.'99
Apr '97
109
109
UBK
116%
117>^
111
'
105
09
109
Sale
108H
109« 109H
106
105
105
108
109
Jan.'99
Sep.'99
Jan.'87
lllM
112
89
96
192
Apr'99
& O.
CenRR & B of Ga— Col g 5s'37 :>i-N
Cent of Ga Ry— 1st g 5s. 1945 F-At
118
1945 F-At
Registered
1945 M-N
Consol gold 5s
1945 M-N
Registered
Ist pref income g5s ..1945 Oct.*
1 945 Oct.*
2d pref income g Ss
3d pref income g 5s ... 1 94 5 Oct.*
1946 J-J
& N Div 1st g 5s
4
1987 1-J
1987 Q-Jt
120
118
120
120
879i
114
103% Mar'99
106% Aug'99
123%
107
112
101
1219^
106
.
M
100
1905
1905
1923
1923
Extension 48
Eeok &, Des M
1st 5s.
.
.
112
1
.
Cli
& W est 1
.
1
9
OUTSIDE SECURITIES
Ask.
75
18%
32%
YORK.
Cent Union Oat— lit 58
Con Gas (NT)— Stock—
Deb 5b 1908
Bqnlt Gas
Ist 65 1899
Con. 58 1933
Mutual Gas
84
35
94
137% 139%
106
10?
1189<
119%
tl06% 108
1
II
OlnlBtL&C
due July.
M&N
N. Amsterdam Gas,
Pref
1st OOOBOl Ss
tDueNov.
Gas
29% N Y
107
108
TStk Bzch
Com.
106
116
no
118
F&A {101 108%
M&S ni2% 113
iDueJune.
67
{
09
173% Sep.'99
170
J'ly'99
112% 122%
120
120%
118% 123%
129
132%
li9
llw
129% Aug'9«
109% Dec '98
123 May'99
121% 123
124%
118% 125H
no 112%
122% 122%
10 1189i
121
121
171
161
120% 121
120% Sep.'99
122% Aug'99
112
Aug'99
122% J'ne'99
123
May'99
119
115
J'ly'99
137% 137%
131
121
118%
May'97
112% 118%
108% 114%
J'ly'98
112
121
J'ly'99
J'ly'99
125
121
126
106% 110%
112% 114
115
116
105?i 109
119% Dec'98
no
120
116
121% 123
108
Sep.'99
111%
l09%Mar'98
118
106%
117% 118
J'lv'99
'98
A.ug'99
Feb '99
mu Feb
109
106
10t%
109}< 109
103
Nov'98
107Ji May'98
108
124
Oct.'98
J'ne'99
117% Feb
124
124
117% 117%
'99
111
114
139% 143
111
113
Jan.'99
111
114
140
109
106% 106J<
16 102% 110%
Aug'99
Sep.'99
105% Feb'97
125
142
129
138
146
11791129
Sep.'99
Dec'98
J'ly'99
114% J'ne'99
l32!^Sep.'9e
140
138
136
148
114% 114%
131% 136%
132
134%
Sep.'99
140
131
Mar'99
140
132
...
136
i'%
Sale
96
97%
106
122
J'ne'97
125
Sep.'99
03%
13
140
13i
102J<
120% 123
J'ly 99
99%
141
127% 138
ee« 09%
J'ne'99
120
Aug'99
103% Oct.'97
120
ll5%Sep.'99
116
120
112
115%
95
Secnrltlea.
Elec Lt
M-N
M-N
M-S
108?i
Ht & Pow
Bid.
4s.
Gold 5s
—
preferred
1930
90%
Ask.
91
MAR
113% 116
106% 108
94
110
134
116
96
116
140
110
St ook B xoh.
let con 58— N Y StoCk Bzoh.
Williamsburg Gas— Ist 68 ?100
103
99%)
68
92
97
87M 08
95Ji 07
eOM 103%
S3
95
J'ne'99
I03?i
99
\.QSH
'"i
87" Ang'Vs
96% Apr'99
iDueMay.
<i
Option
sale*,
tiaa Securltlea.
OTHKU
00
00
May'99
05
03
104% Aug'99
105
Bast River Gaa—
Ist 5b 1944
J4J
Consol 5b 1945
J*J
Nor Un Ist 58 1927. .MAN
Standard Gas Cominon.
1st 5s
96
IDueJan.
NY4
Do
Sale
J -J
b
PAQ^a).—GAS SEOURITIEb,
BROOKLYN.
38% 33% Brooklyn Un Gas— N Y
896
160% 170
160 174%
127% Aug'99
litg 41.1936 Q-Fb
1H3« O-vh
7 cojfSECuiivB
Ask
{107
161% 173
Aug'99
109
Sep.'99
108M 105?i Mar'99
124
I22?i Aug'99
•138
OlDW&MDlylitg4s.l991 J-
28%
106
Sep.'99
170
J-J •132
J-J
132% Aug'99
J-J 106%106« 106
106^ no I049^1109i
1059^107%
J-J
107% Apr'99
96
98%
J-J 96
96
96
83
87%
J-J 83
87% Aug'99
98% 98%
J-J
90
98% May'99
109% 114
A-O
114 J'n6'99
A-O
W W ValDivl3tg4s.l940lJ- J
Bid.
Secnrltlea.
173
142%145H
111%119
1
Registered
1990
Spr & Col Div Istg 43.1940
Restitered
NEW
33%
83
107%'
106% 106%
Worcester iMasBjTr-Com
Preferred
101
98
90
llOM
(Givek at foot of
Gaa
1
101%;
104
t Bonds
110
145
112
112%
112% Aug'99
120
120
Sep.'99
120
116 J'ne'99
1932
58. 1 92
1921
8tLDiv1stcoltrg4s 1990
102?i Aug'99
J'ne'99
Feb '99
106% Feb '99
114% 118%
108%
110%
92
104
110
121
125
14S
112
140
140
I
.
1st s f g 6s.
U59<
llSJi
too
Aug'99
112
1
Cairo Div 1st gold 48.1939
100
101
1019^
108
104
109
104
107
1
95% May'98
these are latest bid and asked this week,
M&N
1988
-J
MS
l-N
Ch St P & Mln 1st 6s. 9
Nor Wisconsin 1st 6s.. 1930
StP&SCitylstg6s..l919
110% Chic Ter Transfer g 4s. 1 94
100
101% Apr*99
107
I-J5
1924
116%
118%
24 117%
116%
J*ne'99
Aug'99
J-J5
119% CIStL&C. SeeCCC&StI,.
123
Cin S & C. See C C C & St L.
121
City & S Ry Bait Istg 5s 922 J-D
117 J'ne'99
118% Clearfield & Mah. See BK&P.
95%
95% i23 90M 97M CI Ak&Ceq&2dg68.. 1930 F-A
92% 97% Clev Cm Chic & St Louis—
97% Aug'99
Geng4s
104
104 108
104
1993 J-D
119% J'ne'99
121% Aug'99
118^ 118%
130%
109% 117%
105% Feb '98
Q-D
J-D
Coupons off.
105% 109%
Cin H & D con 8 f 7s
905 A-O
2dgold4%s
100
1937 J-J
106
CinD&Ilstgug5s...l941 M-N
Aug'99
116%
134
Sep.'99
Q-J§
D Ist 4s... 1905
General gold 6s
120% 122% Chic & West Mich Ry
.
30
90
95
1
Guaranteed gold 5s.. 1938 A-O
Charles & Sav l st g 78. 1 936 J-J
dies & O—Gold 6s ser A.1908 A-Ot
128
Gold 68
1911 A-Ot
194
Ist con g 58
1939 M-N llS^Sale
Reistered
1939 M-N
Gen gold 4!^s
1992 M-S
95% Sale
Registered
1992
R & A Div 1 at con g 48 1989 J
104
10?
1989 J -J
2d con g 4s
99
Craig Valley Istg 58..1940J- J
99
Warm Spr Val 1 st g 5s 1 94 1 .M- S
EllzLex& BSgug58.1902;;»I-S 101 102
Chic & Alton sink fd 6s..l90H[M-N >108
Lou&MoRiv 1st 78.. 1900 F-A
1 900IM- N
2d 7s
Miss RlvB 1st sfg 6S..1912A-0
Subscript Ions
€n"Q Tritfileo(Prov)-8t'k
Weit Chicago oi
116M
107
112
Apr'99
Apr'99
Jan.'98
J'ne'99
J'ly'99
124
105?^ 108
116%
103% Nov 98
.
111%113M
120% 120%
112%125H
J'ly'99
111% 111%
116
107
.
108%
Noof Cal lstgug68...190 J-J
18
139%
138
•111% 117
116
117
I-J5 •111% 112
Small
Chic St L & N O. See 111 Cent.
103 107% Chic St L& Pitts. See Pa Co.
105% 108% Chic St P M & O con 6s. 1 930
lll%Sep.'99
120^ Mar'99
W n Pac g 6s '99 S&Co ctfs
100
91
120
114
1
l8t gold 6s
Des M & Ft
lst2%s
103% 104%
103% 109
103% Mar'99
108% Mar'99
.
. .
Roohenter Ry
Debes 1911
M&S
2d 5s 1933
J4D
Rp mide Kl (Chlo)— Stock.
Union Trac (Chic) Com..
Preferred
United Rys (St L)—Com.
Preferred
J'Iy'99
.
Registered
99
116% Aag'99
.
6S
111%
124
113!<
118%
137%
106%
115%
Ashland Div Istg 6s 1 925
109% 112
1911
Incomes
112% 112%
30 113!4 122% Chic Rock I & Pac 68. ... 1917
Registered
1917
112% 121%
General gold 4s
1 988
98?i 102%
Mar'99
Speyor & Co ctfsdep E 1900
Speyer & Co ctf FGHI. 1901
San Joaquin Br g 6s. 1 900 A-O
Speyer & Co ctfa.
Guaranteed g 5s
1939 A-O
Speyer & Co eng cts
Land grant gold 58....1900 A-O
Speyer & Co ctf s.
C & O Div ext g 5s
1918 J-J
Speyer & Co ctfs
Bid.
Mich Div
102
102
no
99
1899 J-J
Btrect Railway.
Bichm Ry<fcBleo-lBt58'20
7«
J'ly'98
J'ne'b^9
100
106
106
105
61 1055i 113M
106% lo7% 106% Aug'99
116
114% Aug'99
*
.
Dec '98
Sep. '99
Sep.'99
.
Con 1936
Aug'99
lOOM 100
Cen Pacific—Ctf 8 dp A. 1898
Speyer & Co ctf s BCD 1 899
•No price Friday;
15
1121^ Mar'99
l.e*Hud Rgea Bug5s.'a J-J
Am Dock & Imp Co 58.1921 J-J 116
.
44H
11
6
6!^
900
W B C con as 78.11912 Q-M
M-N
.
38
12«
95
96
102
110
. .
6s..
40
11
Bale
96%
40
40
11
.
91%100M
182
103
Apr'99
Aug'99
J -J
J -J
J -J
.
.
94H
Sale
Mobile Div 1st g5s.... 1946 J-J
Mid Ga & Atl Div 5s. .. 1 947 J-J
Centof N J-lst conv 7s.l902 M-N noK
Convertible deb 6s. .1908 M-N '108
guar
95
96
82 116!^ 123
122
1045^ 105
109% 113
125% 151%
1
115?^ 118H
al 105 107
2 101% 105
112
ll3?<
J'ne'99
Sale
1
96
M
int
93^
89
J'ly'99
since
15 113
114
Mar'99
103
100
105
.
. .
CRIaF&N. SeeBCR&N.
South
113%
.
.
Cen Branch U P Istg4s.l948 J-D
Range
•
§2
Sep.'99
•18?6
1065^ Sep.'99
Sale
. .
Garb & Shawn. See 111 Cen.
Car Cent. 3e« Seab & Roan.
Carthage & Ad. SeeNYC&H
NJ
103
J-D
J-D
Q-F 145
J-D
J-D
A-O •
Registered ....1879-1929 A-O '117
Sinking fund 5s.. 1879-1 929 A-O 109
.1879-1929 A-O
Registered
Sinking fund deb 5s. 1933 M-N '123
Registered
1933 M-N
25-year debenture 5s.. 1909 M-N •no
1909 M-N
Registered
30-year debenture 58..1921 A-O '118
1921 A-O
Regis' ered
Extension 48. .1886-1926 F-A 109
.1886-1926 F-A
Registered
1987 M-N lO^H
Gen Gold 3%8
Registered
1987 Q-N
Escan & L Sup 1 st 63. 901 J-J
Des Mo & Minn 1st 7s. 1907 F-A
Iowa Midland Ist 8s. .. 900 A-O
Win ona & St Pet 2d 7s 1 907 M-N
1905 M-S
Mil&Mad 1st 6s
Ott C F & St P 1 st 5s 1 909 M-S
North Illinois 1 st 58. .1910 M-S
MilLS&Wlstg6s.. .1921 .M-N 130
Convertible deb 58. .1907 F-A
Ext&Impsf g 58.. .1929 F-A
. .
'X0914
I
135^
118^
.
Far & Sou assu g 6s. ... 1924
1916
Cont sink fund 5s
1916
Dak&GtSog53
Gen gold 48 series A. 1 989
1989
Registered
107 111
Gen gold 3%s series B. 1 989
1989
Registered
127}^ 129
Mil & No 1st M L 68... 1910
128 130^
1913
1st consol 68
Chic * Northw-Con 7s. 1 9 15
'908
Gold 7s
1902
Registered
1879-191^9
Sinking fund 6s
106 110
110>^ Feb '99
.
6s
Sale
119%
106%
N A & Ch 1st 68. .'10 J-J
& L ref g 58. .1947 J-J
.
Buff & Southwest. See Erie.
Buff&Susq 1st gold 5s.. 1913
1913
Registered
Leh &
112
105
112
!
.
General gold 5s
Registered
IIS.%
1
10% 13M
118
A-O 112^ 115
J-J
M-N 106
BkQCo*Scongug58..'41
Bklyn Un El Istg4-5sl950 F-A
98^
Bklyn & Montauk. See L Isl
Bruns & West 1st g 48. .1938 J-J
Buff N Y & Erie. See Erie.
1937 M-S 107^ 108M
BuffR&Pgeng 08
1947 J-J
Debenture 6s
Roch& Pitts Istg 68.. 1921 F-A 128
1922 J-D 139
Consol Ist 6
.
n39i Sale
J-J 110 Sale
M&StP— l8t7s$gRD.'02 J-J 178 1741.;
1st 7s£goldRD.... 1902 J-J 17.S
174J^
1903 J-J
lstC& M78
174^
Chic Mil & St P con 7s. 905 J-J 173
174%
1 908 J-J •173
l8t I & D Exten 7s
174%
1st Southwest Div cs.. 909 J-J 12C% 3alb
1st La Crosse & D 58.. 1919 J-J
Ist So Minn Div 6s. ... 1910 J-J
121
IstHast&D Div 7s.. .1910 J-J
132
.... 1910 J-J
5s
Chic & Pac Div 6s .... 1 9 1 J-J
Chic & P W Ist g 58. 1921 J-J 121
Sale
Chic & Mo Rlv Div 5s. 1926 J-J
Mineral Point Div 5s.. 1910 J-J •112%
Chic & L Su Div g 5s. .1921 J-J
Wis & Minn Divg 5s. .1 921 J-J •iV8% isfi'
1914 J-J
Terminal goldSs
M
.
Bid.
.
1-s
Last Sale. Ja^^
Jan. 1.
Ask. Loio. High. lio^ Loto. High
1947
Refunding g 68
Chic Milwaukee * St Paul—
See Illinois Cent..
See Bait
Week's
Range or
1
K&T
Boonev Bridge. See
Bway & 7th Av. See Met S Ry
1945
Bklyn Rap Tr g 5s
BkCitylstcon 58.1916. '41
Central Ohio.
Price
ic2Ji Chicago & Erie. See Erie.
Chic Ind & Loulsviile—
98
Dec "98
Jan.*99
32!^ Jan.'99
12
Feb '99
Istincg 5sser A....2043 Novt
2043 Dect
B
B & O S WTer Co gu e 5s.'42 M-N
Ohio & Miss 1st con 48.1947 J -J
1911 A-O
2d consols 7s
Ist Spr'gfleld Div 78.1905 M-N
1932 J-D
1st general 5s
Beech Creek. SeeNYCAH.
Series
Bel
^M
100
631
1.
Friday
Sept. 22
Chic Ind
J-J
B&OSTVlstgug4!iJs.l«90 J-J
B(!kOSWftycong4i^8l993 J-J
& Con
since
99?^
CenOhioRlstcg4^sl930 M-S
Pitts
Range
.
Allegheny VaL SeePennCo.
Page
(o pages)
BONDS.
N.Y. STOCK EXCHANGE
Jan. 1.
Last Sale. So
Week Endeng Sept. 22
LoK. High. No. Low. High
Chic Bur* Nor. SeeCB&Q.
9$
101
102}^ Chic Bur & Q— Con 78. 1 903 J-J
J'ne'99
1901 A-O
Sinking fund 5s
1913 .M-N
Debenture os
1903 M-S
Convertible 5s
20 S7« 96%
Iowa Div sink fd 5s ...1919 A-O
9C
95H
1919 A-O
48
lOlH 102H 339 i9% 103Jg
1922 F-A
6 100
DenvDiv4s
102)^
lOlH lOlW
Div 48. .1921 M-S
Southwestern
SIM 287 78
88>4
85«
Chic & Iowa Div 53. ... 1 905 F-A
83
83 Feb '99
1927 M-N
Nebraska Exten 48
1927 M-N
Registered
Han & St Jos con 6s... 1911 M-S
108
110
110 JaD.'99
Chic Bur & Nor 1st 5s. 1926 A-O
100}^ 102
lOOH Aug'99
Chic & E 111. 1st sf cur 6s. 1907 J-D
1907 J-D
Small
1934 A-O
Ist con g 68
1937 M-N
Gen con 1st 5s
1937 M-N
109 95 1007^
Registered
95
96
Chic & Ind C Ry 1st 5s 1936 J-J
TTeefe's
Range or
Price
BONOS.
prices
07
104^
Due Aug.
&c.
Bid.
ASk.
ClTiaio.
Baltimore ConsoUdat—S» eBalt. List
Bay State Gas—
IM
Incomes
Boston UnltedGas Bonds- -BoctO nLlst
8
Buffalo City Gas— Stock.
i.
1st 5s Bonds
N Y Sto ck Bz
Chicago Gas— See
103
C!lcero Gas Co 1st 68
inolunatl Gas & Coke... 184
45
City Oat I Norfolk Va) ....
{101
1st 6
}And Interest tPrioei i<«T sh
10
80
Ob.
*••••
186
50
••••••
arc
THE CHRONICLE.-BOND
632
Wbbk Endinc Sept.
C CC&StL (Con.)
CI
St
Last Sale.
Low
Ask.
Bid.
M-N
J-J
1.
P0O & Bast lit con 4t.l940
1990
Income 41.
OlCC&Ind con«ol 7f..l914
90
128
63
65
Sep.'99
71H
71
72
3
70
SS>, Sale
85
8S« 105
85
Ool*9thAy. 8««MetStRy
Oolxun & Greenv. See So Ky
Col & H Val. See Hock Val.
& Western 7s..l907 M-8
BjrBlng
ANY I8t7s.l908 A-O
M-N
,1900 J-J
1871-1901 A-O
7i
1915 J-D
litcongnar 78
1915 J-D
Registered
M T Lack & W 1st Bs. .1921 J-J
1923 F-A
Oonstrnotlon 5b
1923 M-N
Term & Impt 4s
1900 A-O
Warren 2d 7s
Dtl&HvdlstPaDlT7s.l917 M-8
1917 M-8
Reglst«red
Ib&8islstoongn7sl906 A-O
1906 A-O
Registered
1906 A-O
Gold 6s
1906 A-O
Registered
1921 M-N
B«B8&8ar l8t7s
1921 M-N
Registered
DalRlyRRBge. Se«PaRR.
DsnConTr Co lstg58..1933 A-O
Den Tram Cocon g 6s.l910 J -J
Met By Co 1st gn g 6s.l911 J-J
nan &BQr 1st gold 78.. 1900 M-M
& Bssex
126^ J'ne"99
134% Aug'99
141% Sep.'99
141
1st 7s. 1914
107
108«
141H
142
140
140
138
122
122
•121
108^
8ep.'98
J'ne'99
Sep.'99
141)^146)4
J'ly'99
Sep.'99
J'ne'99
Lex & B
Istg 58... 1941
SetC&O.
8.
BlmCort&No. SeeLeh&NT.
1947
1919
1923
1920
1928
Brie 1st ext g 48
Sdextgold 5s.
Sdextgold 4^
4th ext gold 5s
etbextgold 4s
latoonsolgold
7s.. .,1920
lit oonsol gold rd 7s.. 1920
Iiong Dock oon gold 6s. 1 935
BnffN T & Brie 1st 78.1916
gold 6s. ...1908
Bnff& 8
W
J'ne'99
Sep.'98
120)4 130)4
1908
Small
J'ne'99
Sep.'99
164
141
Mar'98
92
Jan.'99
10.1)4
36
114H
L
110%
J'ly'99
10494111
M-N
120
131
121
J'ly'99
117
116H Aug'99
115)4123)4
121
121
121
141
1996
1937
4^8
General g Ss
1940
Terminal 1st g Ss.. .194»
Regis $5,000 each .1943
.
Wllk&Ba8lstgng5sl942
Bnreka Springs
1st g 68.
1933
lit general gold Ss... .1942
Mt Vernon 1st 68
J -J
J-J
-J
F-A
F-A
M-JS
M-N
J-D
109
Ist oonsol gold 5s. ...1939
140
106
106
11 111)4116%
111
92X
97
97
•113
ioe% 106)i
124H r32
•
a
66
125
107
Sale
s a a • •
98M
J'ly'99
108)4
123
120
N0T'»7
Sep.'99
107)^
131)4 13594
100)4 107)4
11
•aaaaa aaaai
•aaaaa aaaaa
a a • •
J'ly ''99
133
106
Aug'99
aa
98
• >
10894
120)4 184
:o6-^ "22 lOOU 107
107)4 J'ly'99
100 110
101
Mar '99
101
101
110
105
78
77
64
77
62
10
105
106
A-O
Aug'99
87)4
6694
99)4 106)4
Deo '98
-JIT
Ask.
100
CoVGae L & Heat— Com..
69)4 70)4
90
91
Preferred
J4J «105)4
ist 58 1932
UonsoUd Ga8(NJ)— Stok
819i 33)4
1st 58 19bo
J4J
87)a 8>*)4
Oonsol Gas (Pitts)
31)4 82H
Pref
67H
Secnrliles.
Bid.
aiona.) &a. i
98
113)4
City)— Stk
M4N
Oas— See N Y Bxo
100
101
105
103
h.ll8t.
40
48
(Given at foot of
Una
Fort
Securities.
1925
7
Bid.
J4J
Grand Bapids— Stock
1915
F4A
Hartford (Ct) Gas L... 25
Indiana Nat4 111 Oas— Stk
Ist 58
t
Ask.
68
75
106
106
Wayne (Ind)— Sto ;k
let 68
68
78
108
108
43
72
68
76
70
110
128
103
106
Jersey City Gas Light.
360
Laclede Gas— N Y Stock Bxoh.
Lafayette (Ind) Oas—Stk
63
1st 6s 1924
M4N 79 88
M4N
Indianapolis Gas— Stock.
Ist 68 1920
M4N
Ist
98
6sl908
. .
ibsH
9894
iosii
i06M
81
919i Aug''99
98)4
94
105)4
108)4 108)4
188
May'99
133" iss"
128
123
100
Aug'99
130
12894
Sep.'Wf
100
100
Apr'99
104)4 ioe)4
106)4 Aug'99
121
W
Feb
I'si" iai'
9494 I>eo '98
90
lNoy'98
111
113
104
107
102)4 106)4
104)4 108
J'ly'99
Sep.'99
124)4 Aug'99
93)4
93X
65)4 Sep.'99
116 8ep.'99
10
R02
69)4
73
130)4
Sale
120)4
113
113
8
4M
8.
See
N Y
1C6
136
97
66
117
128
91
60
107
'70
5894
116)4131)4
103)4 114
106
100
Sep.'99
Cent.
coll g 68. .1997 M-N
104 Aag'98
Registered 58
1997 M-N
LebVN Y 1st gag4)48.. 1940 J -J *107)4 110)4 111 Sep.'99
Beglstered
1940 I-J
107)4 Aug'99
Leh VTerBy Istgu g6Bl941 A-O
114)4 Aug'99
Beglstered
1941 A-O
109)4 J'ly '97
L V Coal Co iBt gn g6B..1933 J -J
101
Aug'99
BeglBtered
1933 J -J
Leh 4 N Y iBt gn g 4b. ..1945 M-S
98 Feb '99
90)4
BeglBtered
1945 M-8
Bl C 4 N Ist g iBt pf6B.1914
Gold guar 5b
...1914
101)4 Sep.'99
Leh 4 Hud R. See Cen of N J..
t,eh 4 WUkeeb. See Cent NJ
Leroy 4 Caney Vai. See Mo P.
Lex Av & P F. See Met St By.
* 30
L B 4 M 1st g 6b 1937 Tr Otfs.
Long Oock. See Brie.
Long Isl'd— Istoong 6B.1931 Q-J! 123
Ist cong 4s
1931 Q-JS 103
General gold 4b. ...... 1938 J-1)
Ferry Ist gold 4)4
1922 M-S
Gold 48
1982 J-D
Debenture gold 6s. ... 1 934 j-n
Utified g 4 s
1949 M-S
Istg 6s. ...1927 M- »
N
8d Income...,
1927
N Y B 4 M B oon g 58.. 1935
Bklyn 4 Mon Ist g 6s. 1911 M-r
Ist 58
1911 M-S
Nor Shb Istoon g gu58..'32
M-S
M-B
M-S
J-J
A-O
1937
1940
1940
M-N
J-J
J-J
A-O
F-A
M-N
Gold 5
Unified
g48
Registered
Col tr 6-20 « 48 ....1903-lH
Pans4 Atl lBtgng6s.l921
1991
"oil trust g 5
1
105i4 113)4
107)4 107)4
US 114)2
97
9994 10194
ISO
103
101
99
101
J'ly
100
Jan.'99
100
100
107
Jan.'99
107
107
Sep.
95
94
'95'
115
105
95
100)4 100)4
100)4 Apr'99
58)4
5
60
61
8
106
131)»
131)4
8
102
•114
•11694
•110
113
118
109
135
6
• • •
117
113
116
107
J'ly'99
J'ly'99
Aug'99
J'ly'99
October. IDueJoIy.
.
18)4
NY
St
Bz
108
.
4 Poto Teleph— Stk
58
Commercial Cable
Jomimer Union Tel (NY).
{And
<Sc
Ask.
85
102)4 105
Bid.
80
list
Oouth Amer. ...
<k
110
aOptionaU
NY
Bond
106)4 109)4
107)4
94^ 100)4
98)4 101
111
114)4
Teles, dc Teleph.
uanirai
6794
UOM
61
•jnerloan Dl«' Tel€>—
Bell Teleph. of Buffalo.
Ohes
181
109
6794
(lias Securities.
Syr'seQas— 1st Ss '46.J4J
Western Oas ( Mil w)
6s— See
188
11S)4
Dae'98
108)4 Aug'99
109)4
109)4 8ep.'99
99)4 Bale
99)4
»9J«
99)4
99^ 100
99)4 999
111
111
111
10994 108)4 J'ly'99
Due
ktait*
Noy'98
'108)4
'
• I
12994 133)4
6794 J'ly'99
107
78
10
50
60
Aug'99
NoT'9Aug'99
Bid. Ask.
Oa.B SecurltlcB.
48
68
Loganspt & Wab Val— Stk
J4D 67
70
Ist 68 1925
80
84
Madison (Wis) Gas— 8tck
A40 {107 111
Ist 68 1936
47
50
Ohio 4 Indiana— Stock.
J4D 67
69
Ist 68 1936
Peoples Gas 4 Coke— N Y Stock Bxoh
Philadelphia Co— See Bos ton L l8t.
46
47
St Joseph (Mo)
96
99
J4J
58 1987
68
68
Bt Paul Oas— Stock
93
Consol58 1944 ....M4S { 91
10
124)4
98
99
SECURITIES,
Gas— Stock
88
S3
consecutive paqes).~GA8
^yraonse
93
91)4
38
88
101
96
134)4 J'ly '99
96
N Y Bay Bi B l8tgug58'43
MontaukBx gug 5s...l945 J-J
La 4 Mo Bly. See Chi 4 Alt
L B 4 St L Con en g 58 Tr certs
General gold 48
1943 M-S
Lou 4 Nash—Cece) Br 78 1 907 M-8
N04MlBtg 6r ..,,1930 J -J
Sd gold 6b
1930 J -J
B H 4 Nash Istg 68.. .1919 J-D
General gold 6
1930 J-D
40
9e)^
Y4BB
these are latest bid and asked this week, t Bonds due August. tDueAprll. IDueJanuary.
OUTSIDE SECURITIES
104
103)4 ib79i
103)4 103)4 J'ly '09
103)4 Apr'99
119)4
1941
S4NAcongug68....19S6 F-A
78
10494 107
10494 10494
103
107
114)4 J'ne'99
10394
North Ohio Ist gn 68.. 1945
Pensaoola dly gold 6s. 1920
1931
BtLdly Istg 6s
1980
2dg 38
1900
Nash 4 Deo Ist 7s
Blnkfd (S4A)g 68. ...1910
Mar'98
65)i Sep.'99
H4H of '82 Ist 58.1913 A-O
Besex & Hudson Gas
102)4
111)4 111)4
Se'p.'''99
100
W
•NopriceFriday
77
113)4
95
• • a a a •
M-N 106
1945 J
93^
70
a • a • a a
I
ibe"
FtW4RloGrl8tg3-48.1928 J-J
Gal liar 4 8 A. See 8 P Co.
Ist pf g 58.1945
95
107
Sep.'99
Aug'V.8
Sep.'99
lll)i J'ly '99
•ibe'
5s.
Ist coDsol g 5s
Oct.'98
90
93
10794 116)4
69)4 Sate
,
i'lo"
1939 A-O
ibi'
riaCen&Pen Istg 58..1918
land gr ext gold Ss. 1930
1st
1943
Oonsol gold 5s
Ft 8 4 V B Bge. See StL&SF,
Fort 8t D DCo I8tg4^8l941 J -J
Ft
4 D C— iBt K 4-68. 1921 J-D
Pt Huron DlT Istg
Ist 6s
121
106)4
14594
139)4 141)4
1189i
105)4 107M
97)4 104)4
103
Leh Val (Pa)
116J<
140
70
.
Datrolt
Sep.'99
'99
90
91
48
93>^ May'99
71)4 "is
Sale
'Voii Sale
F-A
123
A-O 107«
A-O aa aa
A-O
1923
BSnll CoBr'ch I»tg5s..l930
Brftlndlttoongag 68..192e J -J
Fargo & So. SeeCbM&StP,
Flint & Pere M g 6s. ..1920 A-O
(J
Feb '99
11614
BtATH lstoon6s.....l921 J-J
Bonds 58
Oonaum Gas
Feb
106
116)4117
Mid RBofNJ Istg 6sl910 A-O
BiOanALSnp. Se«C&NW,
H 4 L (F
116)4
121
106)4
139)4
Sep.'99
142
140
• • • • a •
SAW— 1st ref 58.1937 J
Qaa
May'99
106« Apr'99
139)4
139X
143 Dec "98
1996 J -J
48... .1996
Sd gold
Olty
2d gold 58
11194116
M-N 108M110
M-8 •118
M-S
A-O •iie'
J-D
M-8 140^
M-8
A-O 142
J-D
J-J
J-J
10C)4 103)4
1^
Ist cor 68.1913
Registered
Ga 4 Ala By
J'ly'99
61
lOlii
See Brie.
Eansaa Mid. See Bt L 4 S
Eentnoky Cent. See L 4 N
Eeok 4 Des M. SeeO B I 4 P.
Enoxyllle 4 Ohio. See So By.
Lake.Brie4W Istg6s.l937
72
112
lOit
101 MarW"
100)4 Sep.'98
104
See
Kal A 4 G B. See L S 4 M B.
an 4 Mich.
Tol 4 O C.
E C 4 MB4B I8tgng5s.l929
E C P 4 G Ist 4 col g 58.192
Ean C 4 Pao. See M E 4 T
107)4 108
68
106
RB.
JefferBon
92M Feb.'99
116
J-J
NT&GreenLgug58.1946 M-N 108
Small
1946 M-N
'91"
Brie 1st oon g 48 pr bds.1996 J -J
al
5
100
106)4 J'ne'99
10494 Jan.'99
106
Sep.'99
Ind Dec 4
Istg 58... .1935 J -J 104
Ind 111 4 la l8t ref g 58. .1948 A-O
Int 4 Gt No Ist gold 68. 1919 M-N
123
2d gold 6s.
93
1909 M-8
Sd gold 48
63
66
1931 M-8
Iowa Central Istgold 68.1938 J-D •115)4 117
Iowa Midland. See Ch 4 N W.
109
tinm
Jan.l
113)4 J'ly'99
112)4 Noy'9H
106 J'ne'99
103)4 Apr.'9b
IndB14W. Se«CC0 4StL.
98)4 104
107)4 113T4
102)4 109%
1
Hange
Low. High
t07)i J'ly'99
W
A-O
.
lataongenlieng
BegUtered
103
Sale
. .
93
90
•
BR 1st go gold 58.1909 A-Ol
Ohio & Brie Ist g 58. .1982 M-N
Ooal & BR Ist gu 6S.1922 M-N
Dock & Imp
103
.
182 182
116 117H
114)4117)4
160)4 154
116M Aug'99
Jeff
WY
122
.
W
Jol&E
BlglD
Bill
142K
108)^ 108)i
Aug'98
122
138
117
May'97
124>^ 120H Apr'99
Sd lien mortgage 68. .1916 J -J
& S Istg 58.1928 J -J
Dnl Bo Shore & At g 5s. 1937 J -J
Minn. SeeStPM&M.
Eastof
astTVa&Ga. See.SoKy.
BnlRed
100)4
1951
Beglstered
1951
Cairo Bridge gold 48.. 1950
Beglstered
1950
Middle Dlyreg 58
1921
Spring Dly Istg 3)48.1951 J -J
Registered
1951 J -J
CtUo St L 4 N O g 68. .1951 J-D 135
Re^stered
1951 J-D
Gold 3)48
98
1951 J-D
Registered
1951 J-D
Mem Dly lat g 4b. . . 1951 J-D
Registered
1951 J-D
BeUey 4 Car iBt 68. .. .1923 J-D 120
St L Sod iBt gu g 4s. 1931 M-S 104
Carb4 8l8tg 48
98
1932 M-8
ibsiiiii"
-
1937
Gold 3)48
OOL't**-
108
146
143
•143
126)4 126)^
124V^ 1249^
141)4 144
106H 105M Aug'99
1936 J J
99^ Sale 98Jt
l8toong4s
^91^
1936 J -J •106J1 108 108^ 108H
lstcong4Mi8
Improyement gold 58.1928 J-D 106 Sale 106
106
Pas M & Ft D. SeeCR&lP.
•as M & Minn. See Ch & N W.
BaBMUnB7lstg6s...l917 M-N
108 Apr'99
BatM&Tol. SeeLS&MSo.
Dat & Mack Istlleng 48.1996
-D
1995
Gold 4s
72 Sep.'99
-D 71
Iron Range lst58.1937 A-O 110
Dal &
110 Sep.'99
Registered
101)4 Sale
F-A
J-J 108
J-J
J-J • 90
J-J
J-J 103
J-J
J-D
J-D
F-A
Registered
1951
LonlsTllle Div g 3)4b .1953
Registered
1953
St Louis Dtv g .Ss
1951
Registerei
1951
Dak&GtSo. SMCM&StP.
alias & Waco. See M K&T.
Morris
78
Atk. Low. High.
101 May'99
CoUtr 2-10gold4s....l904 J -J
Registered
1904 J -J
Western Line 1st g 48.1951 F-A •111
Ool Conn & Term. Sm N&W
Oonn&PasBlvs 1st g48.'43 A-O
Dal Lack
J-J
J-J
A-O
M-N
J-J
J-J
J-J
J-J
M-S
M-8
A-O
A-O
M-N
M-N
W
69
76
00
65
641^
J-J
F-A
4
HV
134)i
2
See 80 Pac Co.
Ind. See Pa Co.
g 4)4s.l999
Beglstered
1999
Col &
Istextg 48.1948
Houst B 4
T Ist g 58.1933
Hens 4 Tei Cen. See So P Co.
Illinois Cent Istg 4s. ..1951
Beglstered
1951
ist gold 3)48
1951
Registered
1951
Ist gold 3i sterling. ... 1951
Registered
1951
Ooll Trustgold 48
1952
Registersd
1952
L N O 4 Tsx gold 48 1 963
Registered
1953
108)^ 108)i
I06)i 10£)4
134H J'ne'99
Last Sale.
J-J
gn g 58.1929
See 80 Ry.
Hock Val Ist con
134)^ 137)^
108« Feb '99
106^
106>ij
O*81stMCCC&I7s.l901 A-0
& Wh oon 1st 58.1933 A-O noi
01 Lor
1947
1929
Sep.' 99
137
Week't
Range or
Sept. 22.
SeeCB4Q
Han 4 St J. See NYNH&H.
ousatonlo.
86
88« 88)4
108
23
1S14
17
33
138>« J'ly'99
135)^ 133)ii
Sale
VGA Not.
Grand Bap
103)4 103)4
Srt
Ooniol sinking fd7s...l914 J-D
Gtaneral consol gold 6s. 1934 J -J
1934 J -J
Registered
01«T A Marietta. See Pa KR.
01«T & Mation Val g 5s.. 1938 J-J
1938 Qn-J
Registered
01*T & Pitta. See Penn Co.
001 Mldl'd— lBtg2-3-48.1947 J-J
Gila
Ist
Paciflo.
[Vol. LXIX.
2.
friee
Friday.
2 "5
Bid.
Ga Car 4No
l\S% 118X
103>i Apr'99
86
23
Page
W. Y.
High. No. Low. High
118^ J'ne'99
7B..ltt00
W 1st pf58... 1938 J -J
1st g 48
Jan
(5 pages)
BONDS.
8TOOK EXCHANGE
Week Ending Sept. 22.
tinct
Georgia
OInd&W Ittpf
litgis
Col & Son
So
22.
L&C
&
IndBlA
Range or
Sept. 22.
cons 6i.. 1920
CI oon Istg 5b.1928
Oln 8
Bange
Weeh's
Frtee
Friday,
51
BONDS.
N.Y.8TOOK EXOHANOE
PKICES
Stock Bxoh
176
117
114
75
104
184
Interest. tPrtoe per sh
77
.
>aaa«
186
118
THE CHRONICLE -BOND
Sept. 23, 18&9.]
Week'i
IV.Y.8TO0K.EXOHANGE
Mange
Range or
tinee
Last Sale,
Price
FYiday.
Sepl. 22.
BONDS
Jan.1.
Atk. Low. High,.
Bid.
108M
.1987
4^i.,,.1931
gng 41.1945
Sale
. .
AUK'fl9
108
108
99
ns
93
Aag'90
99
lOSi^
91
I
109
Sale
120
109?i
1:9
98H
93
33
109?i
95
116
Aug'9W
113$i
131?^
F-A
Beglatered
Max Cent oon gold
4i...l911
oon Inoome g Sa
Sd oon Inoome g 3a
qnlp & ooU g 5a
lit
. . .
. . , .
Maxlntematlatoone
1 939 J'lyl
1 93()
'I7
124
124
72
27
Bale
191^ Sale
v-0
Sale
86
100
14
97
. .
See
T'M
Z&%
12«
Sep.'99
38
14M
S8«
ISO
77 100
14
Mloh Cent— lat oon 781902
loeji
lit oon 5i
6i
Si
103^ 105^
105M Feb.'99
4i
Registered
.
116
Sale
Sale
97^
Jan.'99
llOM
. .
—
Apr'99
150
131
127
138
116
97
Sep.'99
146
131
187
J'ly "99
Deo
lie
97H
2
18
Beglatered
lit ooU gold 6a
Sale
Sale
Sale
V I 4 W lat g 58. .'26
LeroyACV AL l8t»5a'26
i; Iron Mountain
wenoonry Aldgrtg Ss'Sl
OenoonstampgtdgSs'Sl
MlaaBlvBdge. S««Chlo&AIt
St Louis
Sale
116
97i< Hale
Sale
78
96^
93
106
117
116
106
118
116
W
5
101J<
N Y A B B.
Y 8 A W,
107H N
97«
9S
949^
96
44
W7H Aug'99
111^
1129i
113
lllM J'iy'90
lit extension gold 6i.l927
General gold 4i
1938
Aug'99
86«
109
130
1901 J-J 101
....
101
1928 A-0 '106M 108J^ 108
iat6BT A Pb
1917 J-J
lit 6iMoMMWAAl. 1917 J -J
lit gold 6i Jasper Boh.1923 J -J
115
Naah Flor A Shef Sm L A N
2d 6b
lat oon gold 5a
83^
86H
106
1P9
Sep.'99
Sep.'99
Sep.'99
180
101
106M
Mar '99
115
116
)
Ore A Cal. Bee So Pao Oo.
ore Ry A Nav .See Un Paa
Lake Shore
col
Beglstered
Mich Cent
coll
,...1997
Sfe Un Pac
See Un Pac
Uawego A Borne. See S ? C
O O F A St P. See C A N
Pao CoaBtCo—lstg5s. 1946
g 3)^a. 1998 F- A
1998 F- A
g 3H»- 1 998 F- A
Beglstered
Harlem
1st 7i
Beglstered
Panama
IIIM 112
*
No price Friday;
llOH
9994 Sale
'.'.'.'.'.'.
107X
llSi,4
10694
8ep.'97
J'ne'99
10494 Feb.'99
10196 Sep. '99
10294 Aug'99
110!^
llOVi
10694
106^
109H
103H
99%
99H)
99J4
|l04
42
60
118%
113^
106% 106%
Oct.'97
Sep.'99
Sep.*99
;78
179
Aag'99
133
166
iSS
189
191
186
133
••••#'
11794
113
104%
104
104^
101% Nov'9o
Sale
115
103
106%
130
130
28
181«
113
il7«
11794
113 J'ly '99
11794
135
30
lOi
Sep.'99
96
J'ne'99
i
'101
94%
J'ne'99
Aag'99
117% Aag'98
101
Feb '97
136
94
Sale
96%
185
130
96% 101
88% 96%
95% 96%
85
1>4^ 180
119% Apr'99
118
113
113
J'ly '99
131% 131%
131%May'99
•130
103
102
75% 73% "79"
10196 10796
10291 108%(
110% 113H
tllH 118H
99 99M 103
7
Aag'99
May-99
Aug'99
Aug'99
98
98
108
10214
97« 100
10394 :o8
103
wMk. tDna
106^
Jan.
*
(Given at foot op
Teleg. Sc Teleph.
Bid.
78
o«olfloa Atlantic
138
133
10196 10694
104^
102
Jan.'98
65
85
103
Sep.''99
7
Ask.
82
104
CCAStLoongag4X8-
1940 A-O
1942 A-0
1942 M-N
D 4s guar
1945 M-N
PltU Cln A St L lit 78.1900 F-A
Beglatered
1900 F-A
mta Ft A Clat 7a. 1913 J-J
8d7a
1913 J-J
8d78
1913 A-0*
C BtLAPlstoong5a.l932 A-O
Begiater-^
1932 A-O
0)OT A Pitis con a f 7a. 1900 M-N
G«ngag4^BBer'aA.1942 J -J
Series B
1942 A-O
B gnar
Cgaar
117%
117%
108
A
Companies.
,
—
114% 118
118
113
107
NOT'98
Deo '98
10596 Apr'99
105% 107%
109% Apr '97
140
|
Bid.
196
40.
119
114
J'ne'99
13894 1*^
140
140% May'99
140% 140%
135
135
J'ne'99
136
118% Apr'97
105%
106
Sep.'99
105% 108
131
104
J'ly '99
131
Dae May. T Dae Not. a These are optton
Bast End Electric Light.
Electro- Pneumatic Trans
Fort Wayne Elec. Co.. 25
Series
114% 118
11394 l^&H
113%
103
oonsbcutive pages).— r^i,
Electric
13
118
118
118
W
i
10494
116^ Aug'99
ll3J4Mar'99
103 NoT'98
.
BerleaA
Dae July. UDneJune.
Providence Telephone.
X90
Southern A Atlantic
103
98
West'n Dnlon Teleg— N Y Stock Bxoh
Electric Companlee.
Allegheny Co Light Co... 168
173
Brush iBlectric Co
44
46
Br'dgprt (Ct) Bl Lt Co.35 t 47
Consol Electric Storage.
10
30
Eddy Electric Mfg Co.. 25 t 13% 15
Bdlson El ni Co NY— N Y Stock Bxoh
Bdlson El 111 Co Brk— N Y Stock Bxoh
BdlaoD Ore Milling Co....
12
8
.
P
J-D 104
A-O 105
M-N
1931 J -J
.
Registered
1931 J-J
Gtd3j4sooltraitreg.l937 M-S
Series
Series
Series
103^ 105
9996
these are latest bid and aakad tbU
90
Hudson River Telephone 113 115
Intemation Ocean
116
•••••
Mexican Telegraph
215 820
Mexican Telephone— See Bosto nlist.
Mew Bug Telep— Se« Bost oniut
Northwestern Telegraph. 116
J Telephone.... 193
198
1930
.M AN 113 116
NT AN
»
117H'
Aag'99
112
109
100
104
'103»j
Teleg. <fe Tuleph.
Bid. Ask.
58
Umpire & Bay niai« T«i
80
Brie Teleg A Telep— See B oston List
Bonds
117«
"99% 100
OUTSIDE SECURITIES
franklin
Gold A Stock
11194
112
113M Apr'99
1998 F-A
1900 lU-N •103«
M-N
Sep.'99
J'ne'99
1917
1910
Istsf g 4>6s
8f8ub8idyg68
Penn Co gn lat g 4%a.
.
.1900
SMMoPao
aoof Miasoarl.
J-
J'ly '99
Ore Short Line
A-01
Beglstered
iC6%
OeKR&Nav
W
J -J
••••
n
OlndAW. SMCOCAStL.
hlo A MlSB. See BAO 8W.
1S294 Ohio River RR Ist g 5i..l936 J-D
General gold 5i
1937 A-0
101
1901
-J
lObH om A StL Istg 4a
NawAClnBdge. SeePennCo
Registered
1908 J -J 111
Debenture 6aof .1884-1904 M- 8 •1065^
Beglatered.. ..1884-1904 M10694 Sale
Beg deb 5b of ...1889-1904 M- 10698
Debenture g4i.. 1890-1906 J -D
Registered
1890-1905 J-D
Debt oerta ext g ii..,.1905 m-N *102
Beglatered
1905 I>l-N 103
• • • •
B
132 J'ly '99
103% 193
10396 Sale 108%
1997 g-j '103 Sale 103%
103>, 1%
96
2047 y-Ft
65% 70
66% Sale
65%
123
6694
1
3047 Q-Ft
65% 66%
66
66
90
96
Wash Cent Istg 4s.. .1948 -M
95 May'99
106H
Nor Pao Ter Co Ist g 68.1933
117% 118% 1)7% 120 "18 113 130
Nor Ry Cal. See Cent Pao.
Nor Wis. SMCStPMAO.
107% 108%
Nor A South lstg6i
1941 M-N 108
108% J'ly '99
Nor A Mont. SMN.Y.Cent.
.
1997 J-
I
10594 109
1921 J -J
Begiitered
General lien g Sa
Beglstered
1S0!,4
NawHAD. SeeNYNHAH
K J Jane RR. Sw N Y Cent.
H J Southern. See Cent N J.
OSHs
Feb. '98
Sep.*99
Gen lBtRRALG8fg6a.'31 J -J
lllH
135
117
1311)4 J'ne'99
S-JH
5m Del LAW
NaahChatAStL lit 7a. '13 J-J
YCentAHR— Iat7a.l903
109" 112%
108
103
Ma7'99
11496 Northern Pacific-
270 105
110
MorrliAKssez.
If
Oct.''98
1
139
Mout«om Dl7 Ist g 5i. 1947
Bt LA Cairo gag 4s.. 1931 J -J
Mohawk & Mai. Sm N Y C A H
Monongahela Rlv. S«« B A O
Mont Cent. Se« St P M A M.
Montaak fixt. See Long Is.
Morgan's La AT. Sm 8 P Co.
N OANEprlorliengei.1915
N Y B A Man Bch. See L I.
N Y Bay Kxten RR. See L I.
131
111
106
104%
168^ 188%
Sm So Pao Co
A West— Gen g 68.1931 M-N
New BiTer lat g 68. ... 1938 A-0
BtPANPgeng6a...l923 F-A
Beglstered ctfs
1923
F
Prior Uen r A g g 4a. .1997
J
J-J
J-D
Q-J*
M-8
F-A
109-^
Apr'9«
108% Deo '97
11
See Long laL
See Brie.
Solo VAN Bl8tgug4a.l989 M-N
N A W Ry latoong 4a. 1996 A-O
Beglstered
1996 A-O
BmaU
1996 A-O
North Illinois. SMChlANW.
North Ohio. See L Brie A W,
109
111)4 115
-J
-J
J
1945
6a. .'27
!09%
114% 117%
114% 116%
lOtt
118%
107
ImprrmtAext g 6a. ..1934 F-A
CC AT la gng 58... .1922 J-J
08H
106HJ'ly'99
Sale
123 183
10394 107%
10394 lOA^
Jan.'98
Norf
106
J'ly '99
J'no'99
10394 Sep.'99
10394 Aag'90
115 J'ly '99
114% Sep.'99
183
NY Tex AM.
35 108k 12194
2 114
117
17
91H 102
88
.
Registered.
prior lieng5a.'45 J
Income gold 4a
3ep.'C9
Sep.'99
Sep.'99
A-0 112^
A-0
Small
Mob & Ohio new gold
89
J-J
M-8
J-J
Terd
MobABlrm
93^
70«
05
78
99
95H
Beglatered
PaoBof Molatexg4B.'38 F-A 106
Sd extended gold 5a. 1938
93
69
93
133
85%
.
MoKan&Tex— Iatg4a.l990 J-D 93^
Sd gold 4a
1990 F-AI
701^
lit axten gold 58.
1944 M-N
93
MKATof TlstgagQi.'42 M-8 91
KC*Paolatg4i....l990 F-A 75
Dal & Wa lit ga g Si. 1940 M-N
BooneTBdt(Cogag7a..'06 M-N
Tabo 4 Neoeho lat 7b. 1903 J-D
MoKsB lat gag Sa...l942 A-0 105«
Mo Pao— lat oon g da.. .1920 M-N 118
8d7i
IttUU M-N
1017 M-8t
1917 M-St
1920 F-A
1920 F-A
Conyert deb certs 91.000
SmaU certf8$100
110)<U0M
Housatonlc R con g 58.1937 M-N
45
N H A Derby oon 5a... 1918 M-N
9194 96
269 65M 735^
N YANBlat7a
1905 J -J
10
lat 68
1905 J -J
83
96^
N Y A North. Sm N Y O A H.
86
95
NTOA
Ref lat g 4al992 M-8i|
75M 32
BeglB 95,000 only... 1992 M-S'l
86
96^
N Y A Put. Sm N Y O A H.
J'ly '99
107% 108
NYNH A Hart lBtreg4a.'03
Minn St Ry lat con g 5b. 1919 J-J
Minn Un. See at PU St M.
lis" iis*
108
A-O
1937
A Greenw Lake. See Brie
A Har. See N Y C A Had.
Lack AW. Sm D L A W
L K A W. See Brie.
Apr'99
Aug'98
131% J'ne'98
135% Jan.'98
106% Feb.'98
NYANB. SmNYNHAH
.
Trattg S§
Y
Y
Y
Y
138% 183
103
122
AStLlitg4i.l937 A-O
ReglBtTed
Sep.''9P
110% Aug'99
J-D
.
NY Chic
150
185
137
N
N
110«116X N
N
97
100
'98
....
M-N 110%
M-N
Bat C & St Ist ga g 38 '89
. .
114
1902
1909 M-S
1931 M-S
1931 -m
1940
1940 J -J
Begiitered
<fc
113
23
Ji
D
lislj
112
133
135
J-D 114 116%
Gold 3^8
J-D 108^ 110
Reglatered
J-D
OlnA81atgL8AMS7B'01 A-0
KAAOR l8tgo5a.l938 J-J
Mahon C'l RR 1st 5s. 1 934 I-
SwNYSuaAW
MU A Mad. au Chlo N W
MU A North. S««ChM&8tP
MU & St P. See Ch M & St P
Mln A St L ga. SeeBCRSiti
Minn & St L— iBt g 7a 1927 J-D
Iowa ex lat gold 7a. 1909 J-D
Booth West ex lat g 7a. '10 J-D
PacUlo ex Ist gold 6a 1931 A-O
lat ooni gold Sa
19b4 M-N
Ist and refund. 48
1949 M-S
M & P Ist 58 St 48 iDt gu..'36 J-J
M B8W&A lat g 48 Int gn '26 J -J
M atP&SSM oon g 4b Int ga' 38 J-J
1900
1903
1903
1997
1997
Registered
Beglatered
N Y Cent.
MUBlRy&L30-yrg6a.l9a6 F-A
M L 8 & W. See Chlo & N W
J'ly '98
110% 11794
lfi994
lis
107
F-A5
F-A
J-J
Con80l2d7a
100
14
AR2d gag 5a.. 1915
Det Mon A Tol 1st 7b1906
Lake Shore con I8t78l900
Sep.'99
Apr*09
Feb '97
J'ne'98
10
11
••••
NYAPutlBtcongag48.'93 A-O
N Y ANorth Istg 5s..l927 A-O
Lake Shore A Mioh South—
127H
«8« 78«
16^ 39H
9H 14«<
509
113
112
Aug'99
Low.High,
128%
130
A Blk RlTgu g 4b. '22 TMoh A Mai iBt gu g 48. 1991 M-S
Cart A Ad Istga g 4b. 1981 J-D
123H 137
124
134
Sale
Utioa
131
126>< J'ly'99
124
1927
Id Ino 6b A Op stmpd. 1917 M-8*
Sd Inoome gold 6b B..1917 An.*
Max North 1 at gold ea 1 9 1 J-D
Beglatered
1910 J-D
Mich Cent.
Mid of N J.
122%
Oawe
118^ 124
125M
130^
122%
....
Sale
M-S 86H
J-D 102
4b.'77
Max Nat iBt gold ea
120
122^
113
1.
May'97
113
113
113
106
95
J-D
A-0*
A-0
M-N
R W AOgoon l8text5s.'32
Nor A Mont 1st gu g Ss.'ie
R WAOT R Istgug5s.l8
MoK'pt&BV. S«ePMoK4Y
J-D
J-D
M-8
M-S
M-S
M-8
J-J
103
.
QouT AOswelBtgag58.'42
. .
MatropoUtan El. SeoManRy.
Mat Bt By gen o tr g 5s.. 1997
Bway&7thAvlstog5s.l943
B««rlBtered
1943
OoUk 9th At 1 it ga g 5a. 1 993
Begiitered
1993
Lax Ay & P F lat ga g Sb.'93
lit 4i
lit
titue
Jan.
Atk Low. High.
1938 J-J
1936 J-J
1936 J-J
Clearfield Bltum Coal Corp
Istsf Intgug 48aerA.'40 J -J
Small bonds series B. .'40 J -J
100% 102%
I0'i\i
Last Sale.
Registered
2d gugold 5a
Registered
Mar'98
102M
Sept. 22.
Registered
West Shore
99
Jan.'98
93
Bangeor
1986 F-A
1986 F-A
4iga.3361 J -J
Registered
2361 J -J 112
Beech Crk Ist ga g 4a. 1936 J-J
108«
llOH
Bange
Fnee
Bid.
Y Cent (Con.)
N J Jane B ga
633
3.
Friday,
Loto.Hxgh.
N
J-J 99
M-N
LOln&Lezg
M-8 93
KAJeffBgeCo
L N A & C. aeeOIJklj.
By Co 1 Bt oon g 5g. 1 930 J-J
Lonla
MahonCoal. 8m LSA MS.
anhattan Ry oon 4a. 1990 A-0 109^
MetropolBl lit g 6b... 1908 J-J
Sd6t
1899 M-N 102
Can 8 W Colonlz g 5b. 1934 J-D
Market St CRy lBtg6B.1913 J-J
Kentnoky Cent g 4i
Page
(5 pages)
BONDS.
N. Y. STOCK EXCHANGE
Week Ending Sept. 22.
Wbbs. Ending Sept. 22
Lou & NMh (Con.)
LiANAMikMlBtg 41^8.1945 M-S 108
NFla&SlBtenRSs ..1937 F-A
prices
Ask.
aalea.
J ELEGTRIG.
Eleetrle Co
Toronto (Can,
•
I
HoastWe
oarjea.
.cLtCo.
1%
Tl. ina
8c.
dtc
Bid.
148
Dna-?<lEJeci.tAP Corref
Boudj
lai
.:n<:Co.
General Electric 0< N Y Stock Bxch Wooosocket ;B H Bl Co..
Do pref.- Sm Boston L lit.
Hartford (Ct) ElecLt Co. 138
133
Ferry Companlea.
Hartf'd(Ct) LtAPowCo25 t
8
Brooklyn Ferry-Stock ..
6
Mo Edison Electric
38
Bonds 5s
86
Metropolitan Ferry—58..
Do preferred
69
67
Narragau. (Ptov)E1Co.50
N J A N Y Ferr»—Stock..
96 100
IstSs 1948
New Hav (Ct) Elec Lt Co 195
JAJ
lAna interest. tPrlce
Rhode Island Elec ProO>. 118%
18
«
9644
106
36
87
9794 93
10994 lis
{118
115
per 8b are
THE CHRONICLE -BON J
H34
Price
Friday,
Weelc't
Range
Range or
since
Sept. 22.
Last Sale.
^1
BONDS.
M. Y.STOOK EXCHANGE
Webk Ending Sept. 22. Si*
Ask. Low. High.
Bid.
Pennsyl. Co. (Co
Jan.
Ifo.
1.
BONDS.
N.Y. STOCK EXCHANGE
Week Ending Sept. 22.
Noy'97
108
UN J RR&Cangen
May'97
ANW
115MFeb.'99
PeoDeo&B lBtg6Btrreo.'20 J -J
ransDly l8tg68trrea.'20 M-9
Sd g 5b tr reo lstpd..l936 M-N
r«o ABast. Se« C O C & Bt L
P«o & Pek Cn Istg es. 1931 Q-F
Feb., 1921 M-N
tigiii*
99H Aug'99
. .
Fine Creek reg guards. 1932
Fltts Cin & 8t L. See Penn Co.
.
C&
P
Pitts
Pitts
8t L.
See
Penn
99H
99
Dec '98
138
J'ly'99
187
J-D
Apr'99
100«
121
99
93H e9M
99
99
20
101
Noy'^^
126
100
126
lOOJiS
Co.
Cley&Tollstg68.. 1922
&OonneUsy. SeeB&O.
PlttsFtW*Ch. SeePennOo.
107^
A-O
1922 J-J
Juno 1st g ds
PlttsA L Brie— 2dg58 .1928 A-OH
Oct.'98
181
Noy'98
1934
SoCar AGa Istg 58.. 191
Atl & Yad Itt K gu 4S.1949
J-J
MoKee & B V 1st g 6s. 1918 J-J
1916 J-J
Pitts P & F 1st g 5s
Pitts Sh & L B Ist g 5s. .1940 A-O
Istoonsolgold 5s
1943
A West Istg 4s... 1917
Pitts
J-J
J-J
M-N
J-J
. .
. .
Utah Cent
Ist
90
116
98
99
100
.100
,
M & Co certfs
T & A8hlstoon5sl927.
87^
Reading Co gen g 4s. 1997
1997 J -.1
Registered
Xsnsselaer A ear. See D A H
Kloh A Dan. See South By.
1989 J-J 97%
Bio Gr West 1st g 4b.
J P
Pitts
.
99M
Sale
AioGrJuno Istgug
5s.
1939
1940
Booh A Pitts. iSee B R A P.
Borne Wat. A Og See NY Cent.
SaltLakeClstgsf 68. '03-13
J-D
J-J
83^ 85
85
98
J'ne'99
May'99
Aufr'99
Aug'S
\-o
A-O
96
1968
AM 2d 6s.... 1909 J-D
A-O
..
5s.. ..1938
Beglstered
1938
Bt P A Nor P«o. See N or Pac
Bt PAS'zOlty. SeeC StPMAO
B FePres A Ph Istg 58.1942
B
A P. S«e So Pao. Co.
A A
BV ANPlstslg5s...l919
Boloto Val
A N B.
See Nor A
W
8eab ARoa Ist Ss
1926
Car Cent Ist con g 4s. 1949
Bod Bay A So 1st g Ss. 1924
So Car & Ga. See Southern.
Southern Paclflo Co—
Gal Uar ASA Istg 68.1910
2dg7s
1905
. .
Feb '99
130
118
99
131
122
124^
125^
lllH
130
107
104
MAN
97
S9
112
Ist 6s
Con. 58
93
N Y A 8 B Trans A Ferry 26
Bonds 58 of 1906. MAN { 87
10th A 23d Sts Ferry
85
5s of 1932.
Hoboken— Stock
....
{
104
113« 119%
UO^llSH
115
Apr!'99
106^
10
112«
Sep.'99
104J< Oot.'97
113
120
Aug'99
119% 124%
75
99
60
114
93%
30
91
90
130
•100
109
100
109
IDS
114
M-N
M-N
F-A
J-J
J-J
100
Mar'99
Aug'U9
106
i85
136%
100
no
103% 111
11
108
114
115
90
117
itii
116%
113% 116
Sep.'99
Aug'99
Feb.'99
9n
94
117
117
120%
112% 118%
114% 114%
113% J'ne'99
114U May'99
103
Oot."«:
104W
J'ne'99
104
45% 56
53% 56%
186% 129%
104 107%
Sep.'99
J'ly'99
10
138% 128%
106% Aug'9e
103 Deo '98
88
Aug'99
80
81
lis
J'ly '99
78
93
99
ibe"
106
Ang'99
106
Ore ShortLlne 1st g 6sl932 F-A
Utah A Nor 1st 7s
1908 J-J
Gold 5s
1926 J-J
Ore Sh L— 1st oon g 5s. 1946 J-J 118%
Non-onm Ino A 5s ... 1 946 Sep.* 103 Sale
Non-ou Ino B A col trl946 Oct.*
80^ Sale
Sep.'99
99
99
13
89
83
130
100%
106
104% 426 102% 109"
"3 104% 108%
103%
106
116
101
137
121
108
106
109% 116%
17
lis
114
86
83
116
J'ly'99
110
58 lOOVt
1 127
121
115
102%
137
Mar'99
May'97
113%
78
80%
114%
183%
181
117%
13 108
85 108
70
135 65% 80%
115
103
108J6
116
106
South Ry.
IstgSs. .1939
1939
1939
Series B
1939
Istg Ss Det A Oh Bzt. .1941
StOhas Bridge Istg6s.l908
116%
100%
Irglnla Mid. See
WabRRCo
M-N 116^
F-A 100J<
J-J 36M
J-J 36M
J-J 109
A-O
Sale
1937 J -J 113ii
aeng3-4s
1943 A-O
70%
Income 5s.... April, 1943 Noy.
No Car. See South Ry,
West
Sale
Sale
3dgold Ss
Debenture series
A
. . ,
W
See Del L A
VV^ash Cent See Nor Pae
Wash OA W. See Southern
Warren RR.
West New York A
107%
'
113Ji J'ne'99
110
Sale
108?^
112
113
Feb '99
40-year oon g 5s
West Shore. See N
1938
Y Cent.
. , .
32
Bid.
t
Due
1.1
8
108% 118
54
28
70J
14% 84i
Deo '97
Jan.'99
113
104
96
Apr'99
98% Mar'98
96
34
July,
t
Due March.
.
Amer Bank Note
Co.. .50 t S3
Beet Sugar.
89
. .
Preferred
American Brake
Amer.Caramel— Common
79
111
50
Preferred
100
American Ginning
80
Amer PresB Assoo'n..lOO 80
American Screw
260 1198
II
Due
SO
80
113
52
108
30%
95
801%
Jan.
118
110%
98%
Bid.
Oot.'98
79%
10%
D8.
§
118
118
118
99
99
116% 180
10
14
118
99
96
96
98% Aug'99
109% 109%
124
111
108%
101
Sep.'«9
109% 118%
120% 184
May'99
111
Due Noy. a These
4.merlcan Surety
50
A.m Typefo'rs— Stock. 100
&mer 8trawboard....l00
Bonds 68
FAA
Amer. Woolen —Com....
Preferred
com.. .100
Ask,
?
8
50
66
13
9
^mer Smelt A Refl'g— See Stk H
4mer Steel Qoop SeeHxo okKx.
Pref
31
J'ne'9«
91%
58
3
75%
6%
111
are option sales.
PAQmy^FERRV & MISCELU8
4.m Soda Foun— Com.lOO
Ist preferred
100
1 00
8d preferred
Amer Wringer
NOT'97
75%
75«
.
Ask.
95% 96
Agrlcul Chem Se« B oston List
A.mer Air Pow of N Y.lOO
45
80
^merlc'n Axe A Tool 1 00
20
31
American
38%
105% 111
109% 118
110% Aug'99
.
(Givbk at foot of 7 oonsbcutivb
—
118
103
76
9
Sep.'99
113
A-O
J-J
F-A
ChGLACCo. SeePGACCo
107
113H Columbus Gas IstgSs. .1932 J-J 117%
112
Con Gas Co. See P Q A C Co
111
Detroit City Gas g Ss
1 923 J- J
87^ 1^0
9S14
Det Gas Co oon Ist g Sb. 1918 F-A
98
138 189
Bl Bllll 1st cony gSs.. 1910 M-S 108
1st con g 58
1995 J-J 124
Brooklyn IstgSs
1940 A-O •111«
97
106
77U 8«
Registered
A-O
Bonds due June,
Am
38% 39o
109
99
Atlanta G L Co Ist g 5s.l947 J -D
113M 114
110^ Bos UQastrotfss fg5B..'39 J-J
Bklyn U Gas l8toong58..'46 M-N 117
64 100^ 106
Mar'99
Amalgam'd Copi)Hr(w.
113%
70%
94
75
33
Sep.'99
82%
110
88
88
120^Feb.'98
138 J'ly '99
t
113
21
86
May'99
113
70
M-N
M-N
Wis
5s ..1937 J-J
Bngraved trust oertlfloates.
InoomeSs
1937 A-bi
Sep.'99
11 IJ^ Sep.'99
79M
76
35
109
110
Sale
Sale
See B
W Va A Pitts. Istg A O.
W VaCentAP Ist 6s. 1911 J-J
WheeUng A L B
W
Winona A St P. See C A N W
Cent Co Ist trg
111
105
78
99%
100J6
36
Pa—
1st g,5s
GAS A BLBCTRIC LIGHT BON
Sale
123
99
56
g 5s.l936
Wheel Dly 1st gold 3s.l928
Bxten AImp gold ds.. 1930
112% 112%
Wilkes A Bast. See N Y 8 A
112 136H WU A Sioux F. See St P
AM
95
104MFeb.'98
110
a9
124^ May'99
136% J'ne'99
ISO
110
M
Mar'99
Ask.
IstmortSs 1919... JAD no4%
46
Onion Perry- Stock
X 44
1st 68 1920
MAN «I08% 103%
{Buyer pays acvned latere Bt.
t Price per Bhare.
l08Mi
134M 137^
J'ly'99
106H
128*' isi*
103%
lis
106
54
Western Pao. See Cent Pac.
WChloSt40-yrl8tourSs.'28
J-D
Bid.
103
104
Apr'97
119.V Aug'99
A-O
J-J
J-J
J-J
Ferry— Stock
106
116
M-S
118%
103% 106%
114% 118%
117
J'ne'99
a.u^-99
1171^
J'ly'99
ll'TH
UnlNJBRAOCo. SeePaRR
Utah Central. See Rio G W
122H Utah A North. See Ore 8 L.
UtloaABlaokR. See NY Cent
115
102
Ver Val Ind A W. See Mo P.
138^ 1461^
137% 137%
1123 119H
Jan.'99
122« Jan.'98
137>i J'ne'99
A-O
J-D
J-D
101
112
Friday; latest bid and asked this week,
Ferry Companleg.
Bonds
108
106
104
OUTSIDE SECURITIES
HYA BR
84% 97
40% 86%
90
113%Nov'98
104% 106%
105H Aug'99
128 103% 112%
108H 109
106% Mar'99
106% 106%
108% Aug'99
107% 110%
1
89
102
96
106% 108%
106
109%
59
110
A-O
J-D
A-O
115
J-J
Istg6str.l916 J-D
115^
Tor Ham & Buff st g 4s 1 946 J-Dt
115
Ulstar ADel Ist og 5s. 1938 J-D
nBl(Chlo) 1st g 5s. .1945 A-O
126%
Pao— RBAl
1947
Sep.'99
lien 116 Sep.'99
106« Mar'98
F-A
*108
Mex APao ist g....S8'3l M-N 103M
HonsATOlstW AN7s.'03 J -J
IstgSslnt gtd
1937 J-J •llOJi
Con8 68lntgtd
1912 A-O •111
Geng48 intgtd
1921 A-O
88
Morgan'sLaATlstges.'20 J-J
Ist 7s
1918 A-O
NT T A Meigu Istg 4s. '12 A-O
Ore AOal Ist gtd g 58.1927 J-J
S A A A Pass Ist gu g 4s. '43 J-J
79M
No price
93H 64
64^ 42H
Aug'99
Aug'99
137« Feb '99
J -J
W iBt oon g 6s. 1934 A-O
1934
Bay F A
IstgSs
82
98
95
122
142
.
frUlASFlstg
A
Sep.'99
107% Sep.'99
96
97H
117
119
119^ Un
g g 4s.
J-J 104^ Sale
Registered
194 J-J
100^ lOoH
OreRyANaylstsf g6sl909 J -J 1141^ 115H
OreBBANayoong4s.l946 J-D 101^ 102
1139i Sep.'99
999i Aug'99
13l^i Sep.'99
i".
1940
SAN Ala.
iBt con g 6b.1914
See L
N.
107
41 108 108%
55 109% 116
118 isa
Apr'99
118%
103% 108?i
M
W
TStLAKO
120
.1910
Registered
28 133
21 107
1.
112% Ang'97
West'ndly Ist g Ss.... 1935
General gold Ss
1935
Kan A
1st gu g 4s. ..1990
Tol Peo A
litgold 48.1917
62
111
100
M-N
Istoonsolgold 6s
1933 J-J
Registered
1938 J-J
Bednoedto gold 4^8 1933 J-J
Registered
1938 J-J
Mont Bzt 1st gold 4s.. 1937 J-D
Beglstered
1937 J-D
Minn Union 1st g 6s.. 1922 J-J
Monte Istgug 6s. ...1937 J-J
-^Istered
1937 J-J
1st ^uar gold 5s
1937 J-J
Registered
1937
BM lstdlTlstgSs.,.1908 J-J
A-O
Beglstered
1908 A-O
Nordlv Istg 48
1940 A-O
6s.
112^
Aug'99
929i
t
1st CO g 4s
11S.H
100^ Ang'99
'100>l(
lstg48bdof8.1989 M-N
93^ Sale
Sdg48lno bond otf 8.. 1989 J-J5 64 Bale
Paul City Cab. og 5s. 1937 J-J 110
Guaranteed gold 5s... 1937 J-J
tPaul A Dniuth 1st 5s.l931 F-A •119
8d5s
1917 A-O •1139^114
Dakota ext gold
112«
J'ly'99
116!ii 114}t Sep.'99
115^ 114 J'ly'99
ItLBW
tPaulM
C
Spok FallsANor Istg 68.1939
M-N •114^
M-N *n4H
F-A
J-J 124$^ Sale 124Ji 1345^
General gold 5s
J-J 109H Sale 109^ 109^
1st trust gold 5s
A-O *l02}i 105 101 J'ne'99
rtSAVBBdglstg6s.l910 A-O
105 00t.'97
Kansas Mid istg 4s... 193 J-D
BtLA8FRRg4s....l996 J-J
83
85H 83
1st g 58.1947
Cent DiT Istg 4s. ..1929
Bt L So. Se« Illinois Cent.
Sa'e
85M 91% Stat Isl Ry 1st gu g 4^8.1943 J-D
86V^ 89H Sunb A Lew— See Penn RR.
Syra Bing ANY. See DL&W.
'Per A or 8tL Istg 4^s.'39 A-O
20
91
102Ji i iBt oon gold 58.1894-1944 F-A
St L M BgeTer gu g 58.1930 A-O
87« 88J1
103^ 104^ Tex A N O. Se« So Pao Co
72
74!^ TexAP Ry B dly Istg 6B.1905 M-S
Istgold 5s
2000 J- D 114% 115
53
55
2d gold ino. Ss, Deo. .2000 Moh
•
Eng trust Co ctfs.
66
79^ 85 Third A V Ist gold 5s .... 1 937 J-J I28M Sale
TolAOC IstgSs
1935 J -J 107iii 108J^
114
1906
1906
0..1919
1931
1931
1987
Soathw Dlv
W O ANW Ist oy gu 48.1924
122
.
AG I l8tg 2-3-48.. 1947
L A CaU See Mob A Ohio.
L A Iron Mount. See M P.
L K O A N. See Wabash.
L M Br. See T RR A of 8tL
etLA8F3dg68Cl A ..1906 M-N
A
West
1936
M-8
A-O
M-M
A-O
116 Deo '98
106X Nov'97
103
103%
114
114^
. .
t Jo
1st g ds Pieroe C
Qeneral gold 6 b
100
Gtd stamped
87}< 226
Bt
Bt
Bt
Bt
Sdgold6s ClassB
Sd gold 6s Class C
Virginia Mid gen Ss... 1936
98« lOOH
Sep.'e9
97M
88
104
72
90
116
98
99
88i(, .J'ly •9tt
Sale
90
113
J'ne'99
J'ly'99
J'Iy'97
865^
gu g 48.1917 A-OH
BUo Gr So l8t g 3-48
103
Ry— 1st oon g 5s.. 1994 J-J 109
Registered
1994 J-J
Mem Dly Istg 4-4^-681996 J-J
Registered
1996 J-J
Ala CenK Istg 68.... 1918 J-J
Atl A Ch Air Line lno.1900 A-O
Col A Greeny Ist 5-6s.l918 J -J
BT Va AGalst78....1900 J-J 103
Dlylslonal g 5s
1930 J-J
Conlst g3s
1956 M-N
B Ten reor Hen g 4-58.1938 M-S
Registered
1938 M-8
Qa Pao Ry 1st g 6s.. .1982 J -J 132
Knox A Olilo Ist g 6s .1926 J-J
Rich A Dan oon g 6s .1915 J -J
Uquipsinxiundg 5s.l909
Deb 58 stamped
1 937
.
MoK&Yo—lstgn6s.'32 J-J
Sdgnar 6s
97M8ale
J-J
J-J
.
Pitts
Pitts
LIO
South
99
since
Jan.
U2Ji
119«
A-O
M-N
MN
SPaoof NMeil8tg6s.'ll J-J
GUa V GfcN Istgug 58 1934 M-N
M-S
J-J
Lewis Istg 48.. 1936
Pansaoola & At. See L & Nash
Range
Ask. Low. High, No. Low.Eiek,
102%
A-»»
1905-37
Stamped
A
Istgug 58.1941
P Coast l8t gu g 48. .1937
8
DRBR&Bgel8tKa48g.'36 F-
8an&
Last Sale.
lUHSale
8Po; Cal Istg 6s.. 1905 A-O *l'-Oii
Istgold 6s BerB..1905 A-O Mil
Beglitered
48.1944
M-S
1st gold 68
1906
l»t J. Id 68
1912
Ist oon guar g 5s.. 1937
1919
1943 M-is
Cong 4s
CI & Mar Ist gn g 4!4s.l 935 M-N
Sept. 22.
Con j5s
1943 J-J
SoPof Argu l8tg6s.'09-10 J-Jt
113M113M
113M J'ne'99
Week's
Range or
F-A
Ist 7s
1905
Sablnediy Istg 6s. .1912
102
PWce
Pacific Co. (Con.)
TezANO
J-
J-J
J-J
AUegh yalgengng48.1942 M-8
N&Ca<lgegengug4H8-'45 J-J
P«imRRlstreale8g48.19B3 M-N
1905 J-J
Oonsterllngg ai
Con onrrenoy 6s reg...l905 Q-Ml
1919 M-S
Cong 5s
1940
9rB&I exist gngiHis.1941
[Vol. LXIX.
4.
Friday,
5"e
Bid.
So
SenesC
Page
(o pages)
Low. High
.)
arte A Pitt gu g 3Ji8 B.l»40
PKICES
216
58
xllst.
List.
825
65
33
34
104
loe
26% 87
88% 84
106
116
Miscellaneous.
Par.
. .
Amer. Writing Paper
13%
13
88
t
Ss.
ivnderson (Jobu) Tob.lOO
&.utomatio Vending... 10
100
Barney A SmCar
100
Preferred
6s 1942
Bergn A Kng
Bid.
10 t
10
4.mer Orapliophone..
Preferred
9M
Phi
11%
4
24%
80
85
107
80
106
I.
list.
100%
1st 6s
Blackwells Durh Tob.25
Bliss Company— Com.. 50
SO
Preferred
91
3%
t
JAJ
Br- See
Ask
,8%
t
17
19
t
'9
69%
t
68%
e4
THE CHRON10LE.-B0ND
Sbpt. 23, 1899.]
Range or
Last Sale.
cqBa
Jfo.
Low High
97J< Aug'99
116
118M Aug'99
97M 97M
i
g 58...
l8tg 58. .1915
F-A
A-O
BapGLCo
» O Mo Oas Co
l8t a 58. 1922
Kings Co Ba L &P. See Edison.
Lac Gas-L Co of 8tLl8tg Ss'l 9 Q-F*
1919 Q-F*
Bmall bonds
M nt Fuel Gas Co See PeopGas M-N
P«o Gas & C Istgu g6B. .1904
1904 J-D
8d gtd g 6s
1943 A-O
lit consol g 6s
1947 M-S
Slemndlng g 58
1947 M-S
Registered
Ot G-L & Cke Ist gu g 58'37 J-
J-D
l8tgug69.'05
q G & FCh Ist gu g 5. 947 J-J
M-N
Mu Fuel Gas
Trenton Q & El st g 5s. 1 949. M-S
<reitn Gas Co ool tr g 58. ..'33 M-N
109^ 109
1C9
I20)i
loejii
Sun Ck Coal
111
109M Apr'99
107
131
111
Sale
Sep.'99
3ep.'99
107><
131
107
130
106
111
lUH
107
123
111
101
103H 104
104^ 106
A.mDk&[mp58. Se«CenNJ
M-S
Am Spirit* Mfg Ist g 68.1015 J-J
Bar 4 8 Car Co Ist g 68. 1942 F-A
k'nW&WHl8tg58.1945
92
109M 118
107^ UIM
lOOH 10'?^
105
107H
Debenture
103T^
104H
105H
68... 1911
Northwestern Tel 78.... '04
P C Co Ist g 58.'19
LK4
Olaarf Bit Coal. SeeNYCiH
Ool C 4 I Ist con g 8s. 1900
F-A
J-J
M-N
F-A
Q-J
Q-J
. .
OolC4II>evCogug58..1909
Coupon off
Ool Fuel Co gen gold 68.1919
Ool F 4 1 Co gen s f g 5s. 1943
Oom Cable Co 1st g 48... 2397
2397
Begiitered
90
92
98
96
97
Bale
105
93
"84
105
97
li8K
10S>t$
295
65
88
1
15
60
SO
14
76
350
55
40
10
72
340
101
101
4s.
Chesebrough Mfg Co. 100
Olaflin (HB)-l8tpref.l00
100
21 preferred
Common— See St.F^ list
Clark Mile End Thr'd.lOO
Oonsolid Car Heatlng.lOO
Consol Firew'ks-Com.lOO
100
Preferred
Con Kan C Smelt & Ref .25
315
80
91
mI
13)4
100
75
48
76H
52H
10
65
t
37)4
22
Consol Rolling Btock.lOO
Cent. Tobac. Co— See Stoc iEx. Hat.
79
64
Cramps' 8h & En Bldg.lOO
Diamond Match Co. .100 181 132
Distill. Co. of America.
18M' 19)4
56)4 ""
Pref
21
25
Electric Boat
40
47
Preferred
X 97
9.1
EQectrlc Vehicle
100
112
Preferred
76
Bm 4 Wiem..lOO
Bppens
Bastman Kodak Co.. .100 105
Brie 4 Western Trans. 50 t 37)4 38>t
Fidelity 4 Casualty... 100 350
310
Fidelity 4 Dep (Bait).. 50 t207
34
86
General Carriase Co..,
German Am Real Est.lOO 32
Goodyear Shoe Machine. x49)4 60
Gorham Mfg Co-Com.lOO 96 110
100 119
Preferred
100 170
180
Great Falls Ice
28
29
Havana Commercial...
679< 68x:
Preferred
60
ones-J Mlll-Pf 100
Heck-J
M48 92
94
Ist 68 1922
6
10
Her'g-Hall-Mar(a88t p'd).
18
'ii
Preferred (asst p'd) 100
110
Hoboken Land 4 Imp't
105
5i
.
.
Tram
3
International BHevat.lOO
International Navig. .100
10^
119)4
103)4 107)4
108)4 103U
102h loaS
112)4110
110 113
Sep.'99
J'ne'99
3T4
90
102
95
106
Intemat. Paper— See St'k Exch list.
Bonds— See Stock Exch. list.
2394 21
Intemat'l Pump Com
Preferred
71J^ 72)4
Silver— Se« Stk. Exch. list.
Internat
••••> 68
Do
do
pref.
Do
do bonds. il02)4 103H
4
100
Iron Steamboat.
«H
56
6i 1901
J4J
95
John B 8tet«on— Com.lOO
Preferred
100 136
3
Joumeay 4 Bumham. 1 00
26
Preferred
100
30
Knlckerb'r Ice(Clilc)-See St Ex List.
Lawyers' Surety
107
100 108
Lawyers' Title Ins .... 1 00 148
155
Liberty SUk Mills
110
100
Preferred
100
.
I
(For daily record see seventh pa oe V recedino.')
99 101)4
lOOli ...
101)4 J'ly'99
1918
108?4 lOSJi 108?^
108)4 "40 108)4 109)4
107 10894 109)4
1918
10854 Bale lOSH
108)4
1907 Q-Jt lllMSale IU)4 111)4 26 111 114
112
1907 Q-Jt 113
114
114)4
113)4 Sep.'99
1925 Q- F 130 130)4 130)4 J'ly'99
128 13014
1925 Q-F 130^ Sale 130!^ 130)4 75 128 131
111
1904
113)4
U2«* 112 Sep.'99
1904
lll«
111)4 113«
111)4 Aug'99
Q-M
.Optional
coupon
coupon
registered
coupon
Q-F lUH
Q-F
U2H
registered
coupon
B
109
C
48. ..1920
Columbia— 3-65S.1924
—New con 4s.. 1914
1C9)4 lis
10994 Sep.'99
105
108
104
Aug'98
118
110
•109
•100
•100
117
106
1906
1906
58
4s
NoT'98
Apr'99
Sep.'98
Nov'98
10894 110
109)4 10>M
109)4 Feb.'9»
104)4
108
Apr'9d
ISO
112
99
70
Jan.'99
109
109
107
80
98
1919
68
So Carolina— 4)48 20-40.1933
128'
97
95
J'ly '99
108
Feb.'bb
Tenn—New settlem't 38.1913
109
108H113M
May'97
May'97
98
98
92)4
Small
Virginia fund debt 2-38.1991
99
99
Apr '97
90
38
108
t
Due July
t
Miscellaneona. Par.
(P)— Pref.. .100
Madison Sq. Garden— 100
Bid
Lia
Lorillard
M4N
2d 6s 1919
25
Mlaoellaneona. Par.
119
Bnsq Coal 68 1911.. .J4J
Tennessee Copper.
.
Term Wareh— Stock. .100
Preferred
Pressed Steel Car— See St OCkBx list.
Procter 4 Gamble.... 100 375
400
Preferred
100 190
198
Ist 68— See Stock Exch list.
Bepub Ir&Steel— See stck Exch list.
R.I. Perkins Horse Sh. 1 00
35
P>referred
100
45
10U)4 101)4
2994 30)4
85)4 86
66
145
155
43
44
103
190
148
550
466
Simmons H'rdw-Com.lOO 180
Preferred
100 140
Singer Mfg Co
100 525
Standard Oil ol N J..100 ;63
Stan.Dl8L 4 Di8.— Se« Sto ck Ex. List.
Stand Und'rg'dCable.lOO 155
81ossI4Slst68 1917.F4A 105
Southern Cotton Oil.. .50 t 58
Stand ardCoupler.com
43
38
Preferred
113
116
Stat Isl R T 1st 6b'13A40 107
.
,
2d 5s 1926
J4J
96
Still w-Blerce 4 Bm-V.lOO
86
8wlft4 Co
100 102
1st 6s
1107)4
Bid.
Qu
Ask.
otatl
52
Bowery »
280
Broadway.... 240
Butch'84Dr.. 80
Central
Chatham
....
Chemical
Citizens'
I
Fourth
180
335
Gallatin
Gansevoort*.
German Am* 116
German Ex*. 240
Germanla*...
Greenwich*.. 160
Hamilton*... 136
160
Leath erMfr. 200
Liberty
220
Lincoln
750
Manhattan* 256
Market 4 Ful 220
Mechanics'.. 205
Mech 4 Tra*
Mercantile
190
Merch Exch. 110
Union Typewr—Com.lOO
Banks.
Bid.
Qu
Broliers'
29
115
121
36
95
90
30)4
117
123
27
••••••
100
94
t
Ajk.
Bid.
Qu
ofatt
Nat City
276)4 ••••-t
170
North Side*..
People's*
170
Mutual*
Nassau*
•
135
240
Oriental*
....
....
Peoples'*
N. Y.
Int'l.
285"
210
.
....
.
215
190
100
Brooklyn* ...
8th Ward*...
5th Ave*.... 104
330
First
90
Ger Amer*.
Hamilton*... 105
100
Kings Co*....
Manufact'rs. 350
Mechanics*.. 312
Mech 4 Tra*. 245
Nassau
•230
1450
870
North Amer. tl74
Produce Ex. il95
Real Est Tr't 300
StandardTr't 230
State Trust. 420
325
Tr.Co.of Am. t350 852
union Trust. 1400
U 8 Mtg 4 Tr. 540
Unit. States..
300
130
95
107
350
100
260
866
270
Purchaser also pays accrued interest.
Sale at Stock Exchange or at auotton thlsweek.
\600
Washington 800
BR'KLYN.
Brooklyn Tr. 410
Flatbush .... 160
FrankUn
310
Hamilton.... 261
Kings Co.... 360
Llai L4Tr. 253
Manaiact'rs. 300
Nassau
;80
People's
290
WUUHoaab'gh 200
are State banks.
Banks marked with a
(•)
.
N Y L I 4 Tr
N Y Sec 4 Tr
{
asterisk
Bkg&Tr iise
.
BR'KLYN.
Broadway*
i'45b"
325
Mercantile
Metropolitan 420
NY*
Bedford*
135
430
Knick'rb'ck'r 350
Manhattan
. .
122
12th Ward*.. 135
23d Ward*... 100
850
Union.
Union Sq*.... 300
West Side*.. 270
*370
Western
Yorkville*.. 210
350
3'5*6"
Guaranty Tr 665
Seaboard ....
Second
Seventh
Shoe 4 Le'th 103)4
State*
State of
115
.
330
530
160
"85
145
195 820
2000 305«
Farm Ln 4Tr 1408
Fifth Ave Tr 400
450
Plaza*
Prod Exch*.. 130
190
Republic
Riverside*.. 190
185
115
CITY.
Atlantic Tr.
Central Tr'st,
City Trust...
Colonial
Continental
tllO
Phenii
195
150
Am Dep 4 L.
<!00
Park
190
140
105
200
140
120
105
Trust Cos.
200
170
*:01
Pacific*
....
Scherm'rh'n*
17th Ward*.
Sprague
26th Ward*..
Union*
Wallabout*..
150
New Amst,*.. 440
New York Co. 1500
N Y Nat Ex.. 115
2050
Irving
t
Banks.
Ask.
otatio
*
105
40
68
39
57)4
Pal. Car- See Sik Eioh. list.
Westlngh Air Brake... 50 t223)4 221
WisconCentral 48— See St ockEz l<t.
North Amer. 200
Hanover
Hide 4 L'ath 116
Home*
120
Imp 4 Trad. 536
t
.'iO
19th Ward*.. 100
90
Ninth
15*66'
Garfield
Preferred
New York
Fifth Ave*..
Fifth
380
First
3000
First (St Isl)
14th Street*. 14 5'
Bid.
Par.j
8iglial.5U t
Mt Moms*.. 235
805
Commerce... 350
Continental 128
Corn Exch*.. 378)4
Bast River.. 125
11th Ward*. 160
J
& MISCELL'S,
Wagner
Merchants'.
810
4100
145
City
Colonial*.... 240
Columbia*... 170
87)4
43
95H
92
93)4
August. aThese are option salM.
100
100
2d preferred
U 8 Glass—Common.. 100
100
Preferred
100
U S Projectile Co
U.S. Pneum.Hor8eColi..l
60
55
33
73
88
82
83
92
Metropolis*.. 415
180
400
Chase
3
1st preferred
-Brokers'
Am
f
101
100
N. Y. CITY.
America'.... 440
Exch.... 180
Astor
400
.
t
13
70
4 Chain
Banks.
Broker*'
S4H 567
Union Switch &
17)4
Preferred
NY
Preferred
Russell 4 Erwin
25
Safety Car Heat 4 Lt.l0C
BchwarzchUd4 Sulzb.lOO
Semet-Solray-deb 5s
16)4
7
Trow Directory-New. 100
Union Steel
83)4
23
126
Mlacellanrona*
A8>
132
A40
. .
Rubber Goods Mfg
Dne
t
Texas 4 Pacific Coal. 100
70
1st 68 1908
{107)4
Title Guar 4 Trust ..100 400
410
Trenton Pottr— Com..l00
7
10
National Saw— Pref.. 100
National Salt
43)4 4494
Preferred
75
?7
National Surety
100 145
National Tube
46
47
Preferred
9S
99
National Wall Paper. 100
70
75
N. E. Elec. Veh.Trans.
9
9H
N T Loan 4 Imp
100
50
Biscuit 6b 1911. MAS 114
New Jer Zinc 4 Iron.. 100 134 ISO
N Y Air Brake— See N Y 8 tockB xch.
N. Y. El.Veh. Transp.lOO
22
229i
N icholson File Co. ..... 50 57)4
Nicaragua Construct. 100
10
NUes Tc ol Wrks com. 103 105
Preferred
luO 132
126
Otis Elevator—Com...,
3394 36
Preferred
09
97
Peck, Stow 4 Wilcox. .25 t 33
Pegamoid, pref
100
35
Pennsylvania Coal
SO 400
410
Penn. Water—Com..., 50 t 5
6
Phil 4 Wll Steamboat. 50 t 66
68
Pittsburg Brewing
30
28
Pneumatic GunCar'ge.lO
35
Pratt 4 Whltn— Com..lOO
18
8
Preferred
100
50
55
RoyBakPowpf
Bid.
Ist 6s
86
25
83
pages).— ^^iVX/S
Ask
100
44
82
82)4
8454 Sale
92)4 929<
|
7 coi^secutive
35
98
83
Sale
93
'
71
64
91
90H
85)4 89)4
99)4 IOSII4
92
9894
27
I
86
99%
Ist mtg (when Issued)
MetrWSEl(Chlc) ist!4sl938
St L I M & So new 30 y 4s (w I)
8ou.Pac.ool.tr. 48 (when iss.)
Wise Cen Ist 4g (wi)
Due May, i Dae AprtL Bonds due Janaary.
6
50 t 20
Maine SS
Merch 4 Miners' SB.... 50 t 60
Mich-P Car Ist 58'42M4S 105
Minneapolis Brew Ist 78. 105
100
Mosler Safe Co
Monongahela Water... 25 t 42
Nat Biscuit— See Stock Ex List.
Nat'l Gramophone. ... 100
85
62
63
Apr'99|
92
91
86)4 Sep.'9(»i
995^
9954
96
96
Sale
84)4
104
(Given at foot of
J'ly'99
8794
6
63
63
a
W
100
J'ly'99
UNLISTED BONDS.
B 4 O So
div 314s (w. 1.).
Cen.Pac.M.3)4s (when tss'd)
Sep.'99
:oi
87)4
87)4
99
95
96)4
95
82)4
Aug'99
6
Atch Col & Pac 68 tr ctfi...
Atoh J Co 4 West 6s tr otfg
101
97
Biegistered
6s deferred certfs
101
FA
Par,^ Bid. ;Agt
—
Aug' 99
115
110
114J4
.
Aug'97
;
Preferred
116
Sale
181
108
Small
111
OUTSIDE SECURITIES
Chateaugay Ore4Ir6s'15
Otaei & O Grain El—Inc.
101
103
96
103)4 J'ne'99
103)4 Sep.'99
102)4 May'99
Small
n^i 23%
45 lCe« 110
Missouri— Funding. ..1694-95
Nortn Car— Consol 4s. .1910
!09y
*No price Friday these are latest bid and asked this week,
C«nt America Tr'nslt.100
Oent Firew'rks Com. 100
Sep.'99i ....
Aug'99|....
107)4
lOSJi 120
108
,
11
9oH Jan.'97
M-N
M-N
kint Un Tel Co. See Wn Un
M-N
Nat StarchMfg Colstges'SO J-J5 101
wptNewB 84I> D 58.1990
4 N J Tel gen g 5s C7.'20 M-N
MT
^ Y 4 OntLand lsT,g6s.l910
. .
Currency funding
19
Sale
.
registered
Class
Class
Feb.'98
19
J-D
J-D
A-O
M-N
M-N
1 926
Guar... 100
Oarter-Cmme— Pref. .100
100
Celluloid Co
lg«
loiuiai
Small
105
86
58.1918
191?
Mlacellaneoua.
registered
registered
Dist of
1926
Kolck Ice (Chic) Istg 58.1928
Mad Sq Gard Istg 5s.. .1919
Man Bch H & L. gen g 48. 1 94
—
31
97
20
.
Bond4Mort
83
20
I
Sep.'Oft
lai
119
108
STATE SECURITIES.
Alabama— Class A 4 to 5.1906 J-J
103^
J'ly'99
GOV. SECDRITIB8.
28
38
38
48
48
4s
48
58
58
Louisiana
A-O
D«t M4M Id gr 3^8
rleT4TC0ltrg8f58...1926 J-J 109)4
ar Blv Coal 4 C 1st g 6s. 1919 A.-0
Hack Wat Reor Ist g 58. 1926 J-J
Hend B Co Ist 8 f g 68...1931 M-S 114
1910 M-N
HobokenL4Ig 58
1910 J-J
1U Steel Co deb 5s
Non-con V deben 5s.. 191.S A-O
Iron 8teamboatCo68...190] J-J
Int'l Paper Co lit con g Bs.' If' F-A *108
8 A.1911
Ilinois
99>4 101
108X Aug'99
104
S.
U.
S
8
8
S
S
S
8
S
S
107H
U
U
36H 94^ U
D
84
931^ U
n
U
O
D
99>i Aug'99
DeBardel C4I. See TC4I.
See RR bonds
el 4 H Can.
Elegl8t«red
92
87
119
'
M-N
M-N
J-J
M-N
J-J
J-J
1884-1900
.
MutUnTelsf'd
lC4>i 108)4
109HFeb'97
StYd col g 58.1915
Non-cnm. Incomes 58.1907
MetT4Tl8t8f g
78..
Wh
103
87« "84"
&,
l8t g 68
21
116
117
F-A 108^
1884-1900
Registered
1938
Col trust cur 5s
Mar'98
103
Bale
CahCoalMln. SeeTCI&R.
ftff4 Clear C 4 1
SdgSi
De BarC4ICogug
113H ISO
83
S Envel Co Ist s f g68 1918 J-Jl
8 Leath Co s f deb g68.'13 M-N
West Union deb 78. .1875-00 M-N
1875-1900 M-N
Registered
Deo '98
Apr'99
105H May'99
107 Aug'99
109
U
U
6s. '10
Low Sigk
IfO.
'97
30
Sale
1.
D8.
M-8
Col
Adams Bx—deb trg 48.1948 Qu-F
g8»... 1900
m Cot Oil
hlo Jo
J-D
M Co Ist gu g 68..'22 J-D
Cab C
109H 109H
Feb
E8« 82
21
TennCoalTDiv l8tgS3.1917 A-O
Birm Dlv Ist con 68... 1917 J -J
1
MISCBIiLANBOUS BON
F-A
1st g s f d8..1912
since
Jan.
J'iy''99
101
I
ConGCootChl8tgug58'36
1
109
lie" iVsK
'.'.'.'.
J-D
J-J
M-S
PropCo l8tg4H«5-20yr'17
8 Yuba Wat Co con g 6s. .'23
8p Val Wat Works 1st 68. '06
Stan Rope 4 T Istg 6s.. 1946
1946
Income g 58
Co.
Fnel. See
Week's
Ask. Low. High.
Bid.
A-O
97
Last Sale.
M-N
J-J
M-N
P«orla WatCo g 68.. 1839-19
Procter 4 Gamb Istg 6s.. '40
Roch& Pit C& I pur m Ss 946
8t li Ter Cupples Station 4
.
Range
Range or
Sept. 22.
N. Y. STOCK EXCHANGE
Week Ending Sept. 22.
1.
635
5,
Price
Friday,
BONDS.
since
Jan.
Page
(5 pages)
NoWestnTeleg. SeeWest.Un.
&
q a Blec Co debP G & C1922 J-D
e«n
ar
Ask. Low. High.
Bid.
1997 A-O
1939 J -J
iBtconpis
oOaaLNYl8tconK5g..'32 »I-8
mou 68.
Range
|2
*-.2
KinK8C!oEIL&Pg6B.'37
Purchase
Week's
Price
Friday,
Sept. 22.
BONDS.
H Y. STOCK EXCHANGE
Week Ending Sept, 22
Bd El 111 of Bklyn iCon) —
prices
8S0
t Prtoe p«r thars.
THE CHRONICLE.
636
[Vol. LXIX.
doston, Philadelohia and Baltimore Stock Exchanges— A Daily and Yearly Record.
1^* Sbare Prices— Not Per Oentum Prices.
Sales
ACTIVE STOCKS.
of the Range of Sales in 1899.
Monday,
•863
16.
Sept.
18.
108>i
245
200
»240
aoo
130^
245
200
136
•43
•48
122
26
263
293
108
•240
199
245
200
199
108
199
MS*'
43>i
48
•121
25
•131
140
136
42hi 43
48
48
140
136
143
137
*
43i<
132
26
20.
i28« 130>i 129^130% 128^ 130%
••.sm
141^ 142
141
Sept.
264
263
I075i 108
•340
19.
lO?"^ 108
•240
245
265
265
•
Wednesday Thursday,
Tuesday,
Sept.
.Saturday,
Sept.
48M
1221^ 122M
25«
261
283
108
108H
•240
245
199 199
i29ii 130M
48
131
•42^ 43
•47X 48«
181H 181 121^
43
48
95
95
93M
25^ 26
25$i 26
14% \4U 'liii 15H
MH *92i^ 94
94
93i< 93>4
•92H 94
62
52V6
52H 51% 52?1 52Ji 53
75
^5% 73!^ 74M 74H •74H 75
•207
•207
208 208
....
65^ 66
65>^ 66
65« 651^ 68
97
97
97
97i^
99i^ x96j| 96%
10% 10 9-16 IIH 10 11-16 % 10 13-16
28% 28% 29% 8874 29% 29H 29%
16 3-18
16M 16!< •18% 16%
15->i
44
41% 44% 45>i
43
44V4 44%
77^
77
76
77H 7d% 76% 77
40M 39% 40% 40J^ 40Ji 40% 40%
18
18
18
18>8
18M 18^ 18
37
37H S7H
•93^ 9391
98>,^
9391
93J4
93X
93M
36
86^
35
36H
•14«
14«
15M
•92><
52H 52«
51«
75y4
•74?i
•75
•208
«5Ji
65%
•99M 99H
•lOM \oy,
29% 29%
•208
65
99
10«
28
IS%
•16M 16
46^ 45H
76« 76%
40% 41>i
4274
73^6
39>i
18H
37
•81
3%
S-iA
8M
8
2>4
2>S
360
360
7%
7
351^
80^ 81H
8M 3%
SH
2%
359
361
360
35
8m
81
3%
aM
8S
25^ 26
14% 15>^
7%
8
34!^
35
80
81
4
39i
360H 360
361
7%
7%
7?!
145% 144H 146^ 140% 145% 141M 145
146M 149«
117^117^^ 116H 116M 116« 117
117^ 117% 117H 118
im 18 17 18 17M 18>4 17% 18
18>i 18!^
148'^
•62
770
6391
63Ji
771
335
339
335
340
65
780
335
345
64
795
345
64
795
348
65
785
64
785
780
785
23%
262
. .
79 170
15,332 124%
197 139%
10 124
150 29%
460 43%
203 107
4,397 33%
1,195
5%
10 90
4,570 42%
15 75%
7 198
3,400 61
.
1,467
1,393
6,396
2,060
.
.
.
.
206
3,910
1,089
20,008
139
10
192
174
9,707
238
•
.
. .
.
.
.
.
.
.
<fc
.
.
.
,
,
•
•••
1,820
15,823
5,955
6,815
3,580
.
.
65
85
.
.
•Bid and asked prices, no sale was aiade.
I
MACTIVE STOCKS
RAILROADS.— Price*
Atl*Charlotte( Bait) 100
Bos* Maine pf. (Boat) IOC
100
Boston AProv. "
"
100
Central Mass.
"
100
Prof
"
100
Colo&WMich.
"
100
Oonn&Paasum
Conn Rivpr.... " 100
.
.
ConsolTrPittsl(Phil) 50
"
50
Pref v..
,
Flint
Bid.
ABk.
STOCKS BONDS
Sept.
22.
MISCELL.—Concluded.
120
303
5
Dredg(Bost) 10
^o
"
26
Old col Mining.
25
Osceola Mining. "
66
23
160
371
Pref
Ga South &
M&T
"
HuatA Broad T
"
"
"
Hestonv
Pref
Pref
Inds Street II...
KC
16%
68
.
31
100
90
58
150
45
50
75
50
50
50
100
Ft8&M..(Bo8t)100
11
100
Little 8chuylk.(PhU) 50
(Best) 100
Maine Central.
MinehUl&8H.(Phll) 50
50
Nesquehon'g V. "
50
North Penn.... "
"
50
PhUAHre
"
60
PhUGennAN.
"
100
United N J
50
United Tr of P. "
60
Pref
pref.(Bost) 60
WeBt End
WestJer A8 8.(Phll) 50
60
WestNYAPa. "
Wis Cent, new. (Boat) 100
"
100
Pref
WorNashAK. " 100
85
"
Pref
MISCELLANEOUS.
AUoner Mining (Bost) 25
AmIr A
Steen.(Phil)
(Bost) "26
Arcadian
25
Arnold Mining. "
"
25
Atlantic Mln'g.
"
35
Baltic Mining..
15
60
57%
.
UnCopLAM'g
Un Shoe Mach..
"
"
"
50
"
60
"
10
Dlam State St V
(Bost) 100
Domin Coal pf.
100
HdlsonEl 111... "
Hleo Co of AmT.(Phll) 50
HiMt Vehlclel. " 100
»rankUn Mln'g. (Bost) 25
"
100
asneral Elect.
"
100
Pref
OenHl Auto-MT(Phll) 60
10
Greger Mfg.... "
.
Ind-Bgyp ComY(Bost)100
IntButHASM
laleBoyalel....
"
"
10
85
33
10
48.. 1995 I 87_
..
"
"
60
n26
2%
48%
39 i<
12
103
100%
88
86*
61
|l07
{100
|l04%
J....
{100
I106
{114% 115%
-
85
3
44
14%
. .
6
107
103
103%
80
119
Jan.
Jan.
6
70
Jan. 38
100% June 30
12% Jan. 24
28
28
28
11
34
Mar. 23
18% Mar. 23
50% Fob. 21
84
44%
33%
45
98
23
Jan.
Apr.
Feb.
Feb.
July
S7%
28
21
21
11
Sept. 14
Stpt.
84
H
4% Aug.
3% Aug.
-t
Bid.
Ask.
102%
87%
14%
Ist
1st 7s.'05
5s.'20
M
93
106%
100
Ist 6s.'10
119
108
89%
127%
108
118
102
103
110
109"
119
90
139
110
105
116
74% 75
99% 99%
112
119
116
104
109
120
(State) 38 new.'32JAJ
90%
••#
87
88
Fund debt2-3s. 1991 JAJ
VaA Tenn 3d 5s. 1900 JAJ 101 102
1900JAJ 102
88
•
• •
99
•
•
•*
99%
108
'••••
108%
118%
••••••
109%
71
106
.
2d 7s
1910 MAS
Consol 6s
1923 JAD
Annuity 88
JAD
New'k Con Gas 5s '48 JAD
Newark Pass con 5s.l930
N YPhil&Nor Ut4s '39J&J
Income 48. .. 1939 MAN
No Penn
Ist 48..'36
GenM7s
MAN
120
106%
117Mi .**••
••••• 106
118
1903JAJ 114
Penn gen 6s r...l910 Var
Consol 6s 0.
1906 Var
Consol 5s r
1919 Var
Pa A N Y Can 78..'06 JAD
•«••«
134
. . .
Cons 58
Cons 4s
1939
1939
lst58.'17
AAO
AAO
• • • •
MAN
• t
lbs"
99
PhAKr gen M 5g.'20 AAO 130
Gen M 4s g.. 1920 AAO 109
Ph A Read 2d 5s.'33 AAO 138
Consol
118
•
.1933
People's Tr tr certs 4s.'43
Phlla Elec gold trust ctfs
103%
••••tl
114
Gen M4%sg.. 1924 Q-F •••••• ••••
Leh V C'l Ist 5s g.'33 JAJ 100% 101
Leh Yal ext 4s. 1948 JAD 115
Penn 8t«el
PotomVal lst5s.l941JAJ
SeoAvTn(Pitt8)58'34JAD 116%
8eab A Roan 5r. 1 926 J AJ
United By A Elec Income.
4s.
K C Sub B l8t «8..'20 JAD
K C P A G 1st 58..'23 AAO
Lehigh Nav 4%8. .'14 QJ
RR48g
1914 O-F
181
120
111
Ry
t
JAJ
.
HA B Top con 5s.'25 A •kO
108% 108
117
.
111
Indianapolis
106% 108%
102« 104
69
FAA
MAN
5s..
2862 AAO
Gas-L Ist g 58.1928
Hestonv M A F con 58.'24
ColAGrnvlst5-6.1917JAJ 116
ConsolGas 6s.. 1910 JAD 116% 117
1930JAD 111% I18
5s
Va
77
A B Bk
Income
Che8apQa8 69..1900JAD 102
CltyASub lst5s.l922JAD 116% 116%
4s
Vlrg Mid 1st 6b. 1906 MAS
2d series 68.. 1911 MAS
3d series 6s. .1916 MAS
4th ser 3-4-58. 1921 MAS
5th series 58.1926 MAS
92
113
100
.
BlmAWllm
8avFlaAWest6s'34AAO
104%
MAN
• •
Bq
Ext AImp58.1fl32MAS
AAO
6s 1900
JAJ
6s gold 1900
1904
68
JAJ
Series A 58 1936.... JAJ
tr ctfs
Edison Elec 58 stk tr ctfs.
ElecA Peop's Tr stk tr ctfs
Chas City Rylst 58 '23JAJ 106
Chas Ry G A BJ 53 -99 M&S
99% 100
CharlCAAeit5s.l«10JAJ 108
Series B 6s 1926.... JAJ
Pitt Un Trac 58.1997 JAJ
KCStJoACB78.'07JAJ
{119
LRockAK81st7s.'05JAJ {108
L BASt L l8t 68 g.'26 AAO 110
2dM 5-6 g.... 1936 AAO
MarnAOnt6B...'26 AAO 1114
Mex Cent 4s g. .1911 JAJ { 76%
27
1st con Inc Ss g non-oum
8d con Ino 3s non-oum.
12%
Feb.
57% Aug. 31
81% Jan. 88
212 May 17
Choc Okla A G prior lien Ss 107
•••
(Jeneral 5s. ...1919 JAJ
106J<
Clfs'St Ry(Ind)con 5s.'33
Colum8tRylstcon5s.'32 107% ••t«
ConTracof NJlst5s..'33 112 ••>•••
East&A
1!9
Bxt AImp6s.l901MAS 103
NoBaitDiv 58.1942JAD 130
Conv'rtlble58l906MAN 101
Cent Ohio 4%8 g.'30 MAS
Central Ry 6s... 1912 JAJ
Consol5s....l932MAN 118
Ga AAlal8tpf58l945AAO
GaCarANl8t58g.r929JAJ
GeorglaPl8t5-68 1922JAJ
GaSoAFla lst58.1945JAJ
KnoxvTrac IstSs '28AAO
Lake R El l8tgu58'42MAS
Maryland Brewing 6s
Met8t( Wash) Ist 58'25FA
New Orl Gas Ist 5s...Var
Norfolk St 1st 58 '44. JAJ
NorthCent 4%8. 1925 AAO
Asphalt Co 53
Del
Ist 6s tunnel 1911. .J,&J
Bal Trac Ist 58.1929MAN
42%
i
108
118
BaltAPlst6smU911AAO
ChANoMgn58.'31MAN 92
45
Chi A W M gen 58.'21 JAD { 99
94
Con. of Verm't 5s.'13 JAJ
86
Curr't Rlv Ist 5s.'27 AAO { 75
35
18% DGRAWl8t48.'46 AAO { 94
DomlnCoal l8t68.'13MAS «
Easl'n Ist M 6s g.'OS MAS {117
Fr KlkAM V Ist 68 '33 end {140
7%
Uusfp'd Ist 68.'33 AAO {138
116
117
lUln Steel conv 5s.'10 JAJ «
206
Debenture 5s. 1 9 1 3 AAO «
18
18%
KCCA Sl8t5sg.'25 AAO { 70
18
18% KCFtSAGl8t7s.'08JAD {114
K C F SAMcon 68.'28MAN {104
132
123
K C M A B 1st 4s..'34 MAS ; 94
141
44
Income 58
7
K CA M RyAB 5s.'29 AAO {100
6
60
100 '13%
Mergeutbaler (Bost) 100 305
10
6%
Mez Telephone "
PrefV
6
43
Adjustment g
.
38
51
9
rel
95
June
Balls Ter Ist 5s. 1926 JAD
B Boro Gas Ist 58.'38MA8
Cambrialroa 8s.l917JAJ 106
BaltCPa8l8t58.1911M&N iis"
Bait Fuudg 38.1916 MAN
Exchange 3%8.1930JAJ iVi'
37
11%
17%
ChesAD Canlst58.'16 JAJ
Bait Belt Ist 5s. 1990MAN
36%
ATASFgeng4s.'95AAO hoo
6><
{106
FAA
36
%
Jan.
Jan.
Jan.
Mar. 9
Apr. 87
Atl City let 58g..'19
BaltAOhio 4s g. 1935 AAO
Stat Isl 2d 5g.l926 JAJ
47%
Bonds— Boston
113% Am Bed Tel 4s. .1908 JAJ {102
Manufac RubT.(PhU) 60
Manden CoT
30%
30%
39
16% 17% Boston Term'l 3%8..1947
58% B08UnGa8l8t5s.'39JAJ
1939 JAJ
2d M58
Bur A Mo Rlv ex'pt 6s.JAJ
Non-exempt 8s. '18 JAJ
6% 8
Plain 4s
1910 JAJ
14%
60
60% Ch BurA N 1st 5s.'28 AAO
1918 JAD
U 11% 3dM 68
29
Ch Bur A Q 48.1922 FAA
SO
lowaDlv 48.1919 AAO
28% 28%
Chicago June 5s. 1 9 1 5 J AJ
21%
1914MAS
1917
.
7
5%
Sept. 19
30
Bonds— Philadelphia
AlleVyEext7sl910AAO 132
107
1104
{111
Bonds— Baltimore.
Anacostia & Pot
5s
155
167
Atl A Ch Ist 78.1907 JAJ
4%
'6% Atl6-Lightlst58l917JAD
8
Atl Coast L ctfs 5s J&D
12% 13
1
66
ISO
MAN
St 5s. .'02
Gold 4s
Utah Mining (Bost) 4-85
Warwick I &S. (Phil) 10
100
Welsbach ComlT "
"
100
PrefH
Westm
Income 68
1920
Rutland Ist 68.. '02 MAN {106
Torrington 1st Ss 1918... I
88%
25
25
35
25
25
6
123%
June
West N C con 68.1914 JAJ 116
WestVaCAPlsteg.'llJAJ 114%
Wll A Weld 5s.. 1935 JAJ 115
AAO
West End
4%8
114
85
225"
25 222
10
16% 16%
Bath Steel T.... (Phil) 50
aoiton aieoLt.(Bost)100 178
44%
Cambria Iron.. (Phil) 50
85
(Bait) 100
Canton Co
25
34%
Oenten Mining. (Bost)
18%
Con. Lake Sup. (PhU) 60
Pref
Daylight Prism.
13
6
5
5
July
Baltimore— Conclu'd.
N YAN Eng 1st 7s.'05 J AJ
l»t mort 68.. ..1905 JAJ
85% Ogd A L C con 68.'20 AAO
49% 50
(Bost) 25
5
Santa Ysabel G "
8u8queI&STr..(Phil)
Tamarack Min. (Bost)
Tidewater St. (Phil)
Torrington "A"(Bost)
"
Pref
1907
49
BONDS
ABk.
Aug.
43% Aug. 25
9
50
Coal "
Winona Mtning(B08t) 85
25
Wolverine Min. "
20
150*
6
Rhode Isl Min.
68
2%
. .
"
Pref
U S PHorseColirtPhii)
101
119
85
Rys Co Generalir(Phil)
60
160
59
'
25%
8%
(PhU) 25
Palmetto Co.
ParrottSil&Cop(Bost) 10
Penn Elec Vehir( Phil) 50
"
PretV
50
50
Pennsyl Salt... "
Pennsyl Steel IT. "
....
"
PrefT
100
Quincy Mining (Bost) 25
63%
Fla.(Balt)100
"
100
1st pref
"
100
2d pref
Pas8(Phll) 50
G'nnant'n
7%
AmG
305
16
Bid.
Boston— Concluded.
New Bng Tele 68.'99 AAO
"
NewHavI&SH
BONDS
Ask.
Nat Typewriter(Phil) 25
& PereM.(Bost)100
"
Bid.
138
26
31
380 Feb. 14
18 14% Apr. 21
4 186
liar. 80
110% Jan. 16 133 Mar. 30
18% Aug. 4 19% Sept. 5
282 Jan. 7 398 Apr. 85
60 Sept. 15 108 Apr. 38
635 Jan
6 895
Feb. 21
1 1% Jan.
7 34% Sept 82
60 May 17 71% Mar. 18
33 Jan. 3 63 Apr. s
78% Jan. 3 113 Sept. 82
46% Feb. 8 74% Apr. t)
3 45
23!,1 Jan.
May 23
39% Jan. 3 45% Mar. 39
23 Sept 13 28% July 25
75 Au^ 8 83% Aug. 30
10 July 17 1574 May 34
101% July 11 107 July 14
133 Jan. 4 156 Sept. 5
30
Sept.
53% Apr. 35
21% May
33% Apr. 6
127% Jan.
175 Apr. 6
36 Jan.
55 Mar. 30
36% Feb.
60% Apr. 8
39 Jan.
53% June 13
55 May
70
Aug. 83
27,781
834
1,047
89
45,445
'
'
Aug. sa
Aug. 26
149% Feb. 18
154% May 18
23
503
23% 23H 329i 23H
23)i
63
eavi 62H 63
62i, 68«
62% 63
82?i
51
51% 52
51H 50« 61
52M 52>,< 51M 52
108« 108^ 108 110
ios>^ 108
108 109
•106H
"
55% Federal Steel
54% 54
.100
54« 63
55
53H 63H 55
56H 52
3S Lamson Store Service
37
37
"
37
25
•44«
Lehigh Coal & Navigation. (Phila.)
50
44% *4% •44%
•44%....
•44H ...... *U]4 ....
23
33
25
24
24
Massachusetts Electric Cos (Bostou)... .100
24
33
24>i •24
•23H 24«
•80
81
79
79
82
83
79
81
81% Preferred
100
79
.,
80
80
10% IIM National Electric
(Phila) 10 paid
10% 11
10% 11
10% 10« 10% 11
10?i im
New Bug Cotton Yarn, pref. (Boston)... .100
104
104
102 104
103
104 104
155
New England Telephone
165
155 •
155
155
.100
•154 155
"
32
31% 33 Old Dominion Copper T
31
31« 31H 32
25
"soli 31
31H 31^ 31
28
28^ 38
38% 39 Pa. Mfg. Light & Powerl
(Phila.)
50
28% 88M 28><
27!^ 28«
28^ 29
"
164
183 185
164% 184« 164% 164% United Gas Improvement H..
50
1651^ 165M 162>4 164P4 163
45% United States OU
45
45U 44« 45« 44% 45J< 45
(Boston).., 25
47>4 47% z45H 46
49
49
48% 50 Welsbach LightT
(Phlla.) ...
5
46^ 48
48)^ 50
49
SO
49M 50
•47
•47
•47
49
"•47
49
Westingh. Eieotrlo
•47
49
Mfg. (Boston)
49
45% 48
60
49
"
•68
69
70
Preferred
69>^
69
68« 69
69
60
•69
691^
69^
68%
.
245
305
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
July
78 July
3% July
1% July
338 273 Jan.
4,818
7
Sept.
43,080 133% Jan.
.
.
June 27
116% May 1
6,230
13
14,705 25 13-16Jan.7
675 13 7-16Jan. fi
2,385 38% June 30
3,S65 72% June 1
24,390 31% Jan. 7
1,622 16% May 17
121 38% May 16
450 90 Jan. 3
.
.
.
280
94% Jan,
9% May
765
.
24>4
Highest.
242 245 Mar.
684 80% Jan.
237 Jan.
107% 109
240
.
62« 64«
22% 23^
23%
Boston & Albany
(Boston). ...100
Boston Elevated
"
....100
Boston & Lowell
"
....100
199" Boston & Maine
199
"
....100
130% 132^, Chic. Burl. A Quincy
"
....100
140
143
Chic. Juno. 4 Un. Stock Yds.
"
....100
•136
"
136% Preferred
....100
43% 48Hi Choctaw Oklahoma & Gulf.. (Phlla.>.... 50
48
48
"
Preferred
.... 50
•121% 122 Fltchburg, pief
(Boston) .... 1 00
25% 26% Lehigh Vallef
(Phlla.) .... 50
14% 14% Mexican Central
(Boston)
100
•92>4 93% Northern Central
(Bait.) .... 50
53% 54 Northern Pacific
(Phila.) ....100
75!4 75% Preferred
"
....100
•206
Old Colony
(Boston)... .100
65% 68% Pennsylvania
(Phlla.).... 50
96% 96% Philadelphia Traction
"
.... 50
"
10% 13-16 Reading Company
.... 50
2U^ 21% 1st preferred
"
.... 50
,
•16% 16% 3d preferred
"
.... 50
4474 46% Union Pacltlo
(Boston) .... 1 00
7 7% 78
"
Preferred
....100
40% 40% Union Traction
(Phlla.).... 60
18% 18% United Ry & Elec. Co.(w. i.) (Bait.) ...
37% Preferred (when issued)..
"
•37M
93>6 93% West Hud Street
( Boston)
50
lYIIscellaneous Stocks.
34
34% Amer. Agrical. Chemical.... (Boston)... .100
"
Preferred
78% 79
.100
(Phlla.)...
50
3% 4 American Alkali
"
a« 9« Preferred
10 paid
360 384
American Bell Telephone... (BogtonK. .100
(Phila. ) 5 paid
7% 7% American Railways
144% 147% American Sugar Refining ^Boston) .100
116 117
PreferredK
.100
17% 18% Asphalt Co of America
(Phila.) 5 paid
Boston & Montana
344^! 347
(Boston)
25
66
68 Butte & Boston
"
26
*780
790 Calumet 4 Hecla
"
25
24
24% Cambria Steel. (»1 -60 paid) (Phlla.) ...
62^ 62% Conaolldated Qas
(Bait.) ... .100
52 Dominion Coal
51
(Boston)... .100
113
110%
Erie Telephone
"
.100
262
Lowest.
Railroad Stocks.
11
345
337
785
Shares
.
8^
2
2
360
360
7M
84M 35
89^ 81
3H 3%
Week.
Indloatee Tinllstdd.
y
22.
Sept.
135
•42^
Friday,
21.
Sept.
M 7s. .1911 JAD
*
.••
134
Con M68g...l911JAD 133 134
BxtImpM48g.'47 AAO 106
Con M of '82 48.'37 JAJ 105
Terminal 58 g.l941 Q-F •••••• 188%
P Wll A Bait 48.1917 AAO
CoUattru8t48.1921
• * «
••!
Ill
CAStL
FAA 103 •••••
Read Co gen 48, 1997 JAJ
87
87%
Rochester Ry con 5s. 1930 109
••••It
SchRESldel8t58 k'35JAD 111
Ul«
Scran Trac 1 st 68 '32M AN
Union Term'l Ist 5s.FAA
United NJ48..1944MAS
UnTrac Pitts gen5s'97JAJ 118%
lAnd Interest.
t»l-50 paid,
Pitts
JcfcJ
78.1900
•Price Includes overdue oonpo ni.
September
THE CHRONICLE.
23, 1899, J
637
Latest Gross Earnings,
BOADS.
Inmstmtnt
WeekorMo
AG.
Kan.C.8ub.Belt
& West
Lehigh & Hud..
L.Erie
RAILROAD EARNINGS.
The following table shows the gross earnings of every
ITBAM railroad from which regular weekly or monthly returns
tan be obtained. The first two columns of figures give the
gross earnings for the latest week or month, and the last two
columns the earnings for the period from January 1 to and
Inoludlng such latest week or month.
The returns of the street railways are brought together separately on a subsequent page.
Latest Grot$ Earnings.
Jan. 1
to
Latest DaU.
BOADB.
1899.
1898.
1899.
Ala. Gt-Soath.. 2d wk Sept
Ala. Midland... June
Ala.K.O.&Tex. Pao. Juno.
N on. & N. E 4tliwk Aug
Ala. & Vioksl). 4thwk Aug
1898.
S
S
July
124,125
1,191,071
400,507]
406,789
15,897
41,476
79,629
15,064
38,556
68,493
107,093
1,300 673
.59,000
46.000
20,000
22,000
219,557
1,065,4471
920,622
428,833
423,713
453.110
25,000
413,514
21,000
Vlok8.Sb.&P. 4th wk Aug
1,750,895 1,488,179
306,732
Allegheny Val. July
•J5,998 1,107,88 7 1,012,039
30,120
AnnAibor
2d -wk Sept
69,695
6,977
62,045
8,757
Ark. Midland... July
3.203,171 2,766,998 22,629,037 21,555,336
Atoh.T.&S.Fe.. July
3.445
171.470 128,493 1,0
796,791
Atlanta & Char. June
252,408
203,523
37,416
27,217
Atl.Knox.&No. August
P. July
343,362
45.636
44,792
317,919
Atlanta&W.
AtLCBtLineS.C June
135,912 1,027,820 1,001,334
218,568
11,117
203,195
70,0^8
10.174
9.165
73,263
2,759,860 2,502,676 19,042,221 18,437,045
Bait & Ohio.... August
141,329 156,340 4,634,816 4.886,025
Bal. &O.Soa'w. 2d wk Sept
10,90S
1,659
1,459
10,038
Bath & Ham'nds June
10,136
1,315
1,585
12,880
Blr. A Atlantic. June
310,547
BrnnBw'k&West June
59.390
61,502
298,241
BuiE,Boch,<fePitt 2d wk Sept
78,921 2,654,841 2,652,103
98,756
407,782
55,290
49,659
318,460
Bnffalo & Sneq July
BnT.O.Rap.&«. IstwkSept 118,150 121,021 3,111,186 2,803,439
OanadlanPaolfio 2d wk Sept 565,00"
511.000 18,646.989 16.887.247
103,895 3,708,123 3,511,642
Oent.of (Georgia, 2d wk Sept 128,857
398,277
Central N. K... July
58,426
4^,034
353.6b5
Centralof N. J.. August.
1,449.555 1.146,069 9,533.353 7,928,529
1.580,443 1,300,119 9,448,878 8,708,335
Central Paollio. July
395,221
Oharlest'n&Sav June
64,394
62.275
386,552
Ohas'n&W.Car. January.
72,u98
70,787
72.098
70,787
53,414
Ohattan'ga So.. 2d wk Sept
1,526
48.500
1,474
236,277 8,417,162 8,213.237
Ches. AOhlo.... 2d wk Sept 266,808
ChicBor. & Q... July...
3.850,278 3,086,197 23.927,508 22,937.948
Ohlo.&East.Ill 2d wk Sept 104.573
93,018 3,259.861 2,892,541
148,423 IIO.PQO 4,262, 82 3.738,424
Ohio. Gt. Weat'D 2d wk Sept
Ohio. Ind. Sell. 2d wk Sept
82,724
74,492 2,578,133 2,284,708
Ohio.MU.&8t.P 2d wk Sept 853.222 818,002 26,456,22" 22,945,592
OhlC&N'thw'n. August
3,801,414 3,414,353 25,993,062 23,228,293
OhlcPeo.&St.L. August.
583,416
85,453
545,108
68,562
Ohlo.R'i I.&P.. July
2,000,703 1,786,577 11,602,755 11,403,649
0hl0.8t.P.M.&O. July
875,197! 712.201 5,471,060 4,436,747
Ohlo.Ter.Tr.RR. 2d wk Sept
871,938
25,797!
23,401
816.903
ChlC&W.Mloh 2d wk Sept
49,560
44,583 1,525,883 1,298,369
* 120,000
Ohoo.Ok.&Gult. August
*95,000 1,094,8-4
956.089
Oln.G.&Ports'th August
44,757
7,473
5,912
38,975
Ctai.N.O.<&T.P. August.
428,209 417,346 3,046,354 3,006,127
Cin.Fort8.&Vlr. August,
34,906
201,000
28,908
177,646
Clev. Ak. & Col, 3d wk May
18,58^
341,»07
317,150
18,690
01.01n.Ch.&8t.L 2d wk Sept 330,723
323,106 10,210,302 10,001,169
Peo. & East'n. August.
178,460 162,503 1,268,294 1,215,695
Wheel. 2d wk Sepi
OLLior.&
34,405
31,161
OoL Midland.... August.
157,862 126,663 1,093,792 1,636,217
«fe8o.. IstwkSept
Colorado
86,895
2,509,333
Col. Sand'y A H 4tliwk Aug
28,133
538,185
30,245
546,475
Crystal
498
July
6,915
1,324
8,488
Cumb'l'd VaUer July
75.22S
483.750
68,069
468.149
Oenv. & Klo Cj^r. 2d wk Sept 222,2u0 181,000 6.353,622 5,697,230
Det.G.Rap.&W. 2d wk Sept
30,026
31,431 1,097.334 1,022,014
Det.& Mackinac July
61,641
422,204
45,856
327,379
Dnluth S.8.&Atl 2d wk Sept
4.=i,857 1,617,475
49,524
1,290,695
lglnJol.&EaBt. August
150,626 126,i57 1,168,400
984.027
lie.
July
3,302,533 2,570.097 19,749,126 18,069.995
Koreka Springs. AUKUSt
6,426
39,675
5,416
35,866
Eyuu.AInd'plle 2d wk Sept
7,130
235,404
^,061
218,572
Bvansv.&T.H. 2(1 wk Sept
27,4^5
24,842
939,009
876,534
Find. Ft.W.&W. June
10,519
7.336
49,063
39.384
VUnt&P.MarcL 2d wk Sept
68,879
60,965 2,276,818 2,046,014
Fla.Cent.& Pen. Istwk Sept
47,339
53,038 1,823,275 2,143.645
Ft.W'th&Den.C. IstwkSept
30,852
987,8:;6
30,298
883,923
rtW.&Rlo Or. 2d wk Sept
7,329
310.316
10.577
300,568
8ad8. & Att. U. August.
6.6W5
1,311
538
4,307
Georgia RR
2d wk Sept
36,256
27,219 1,072,855 1,006,655
Qeorgladc Ala.. August.
93,100
771,168
784.657
96,383
eeo.So. &Fla. August.
86,422
646,509
73,300
643,950
Gila Val. G.&N. July
32,528
248,657
Or.Rap. &Ind.. June
206,192 162,581 1,134,075
973,566
01n.R.<S!Ft.W. June
41,799
232,756
36,985
214,327
rraverse City. June
3,805
22,939
3,322
19,628
Mna.G. R. &I. Jun«
10,699
56,787
10,481
58,088
amines. luly
Tot
279,683 247,858 1,726,240 1,513,467
Gr.Tr'nkSyst'm 2d wk Sept 558,731 488,840 17,654,541 16,257.325
Ohlo.&Gr.Tr 4thwfeAug 103.381
88,347 2,537.685 2,403,171
Det.Gr.H.<bM.|4thwkAug
36,426,
637,845
38,495
602,105
North'n—
Great
August.... 1,853,926 1,575,697 12,169,313 10,903,927
St. P. M. &
Bast of Minn. August
263,682 287, eoo 1,643,399 1,217,824
Montana Cent August
180,206 145,121 1,262,953 1,309,124
Tot.Bystem August
2,297,814 2.008,418 15,075,665 13,430,875
G'llBnmt&K.C IstwkSept
6,439
4,234
194,769
118,852
enU & Chicago. July
3,008
3,788
Hocking Valley. 2d wk Sept
80,336
55,774 2,227,607 1,797,480
HooB.Tun.<feWLL August
5,944
5,875
37,313
34,949
IIoa8.&Tez.Cen July
212,829 213,48.3 1,884,805
minolB Central. August
2,590,297 2,371,996 18,687,022 17,654,589
In(l.Deo.&We8t. May
46,835
46,298
210,664
202,601
lBd.Ill.&Iowa. July
76,791
604.076
59,594
577,822
89,437
lB.Aet.Horth'n. 2d wk Sept
95,156 2,407,447 2,279,054
llnteroo. (Mez.) Wk Sept. 2
85,700
61,800 2,607.300 2,164 300
49,ii20 1,533,168 1,325,834
53,268
Iowa Central. . . 2d wk Sept
Iron Railway... August.. ..
5,726
4,157
38.732
32,962
Kanaw'a&MloD 2d wk Sept
12,135
11,408
448,819
385,071
K.O.F.SoottifeM. SdwkSept
106,865
81.125 3,416,891 3,295,757
K.r.Mnm.^Pir 2dwkS-pt
25.719
22,025
990,941
983.905
Atlan. &Danv.. IstwkMay
Anatln&N'weBt July
158,791
16,634
.
Lehigh Val. RR.
Leh. V. Coal Co.
Lez'gton&East.
LonglslandRR.
Long Is. System.
Los Aug. Term.
Loul8.Ev.&8t.L.
Lon.H. &St.L..
Louisv.&Nashv
Macon &Birm..
Manlstique
tMexloan Cent.
tMex.Cuern&P.
Mexican Inter"!
tMex. National
Mex. Northern.
tMexloan R'way
Mexican So
Midland Term'l.
Mttineap.&St.L.
M.8t.P.<feS.8t.M,
Mo. Kan. &Tex.
Mo.Pac.&IronM
Central Br'oh.
Total
Mobile ABlrm..
Mobile*
.
.
.
i
I
|
I
Ohio..
Mont.&Mex.G'X
Nash.Ch.&St.L.
NevadaCentral
N.Y.C.&H.R.
N.Y.Ont.&W..
N.Y.Susq.&W.
Norfolk & West.
Northes'n(Ga.).
North'nOentral
North'n Paoiflo.
Ohio River
Ohio Southern..
Om.Kan. C.&Js.
Omaha & St. L.
Oreg.RR.&Nav.
Or eg. 8h. Line..
Pac. Coast Co..
Paoiflo Mail
PennBylvanla^.
PeorlaDeo.&Ev
Phlla.& Erie...
Phila.&Read...
Coal&
It.
Co.
Tot. both Go's.
Phil. Wilm. & B,
Pitt8.C.C.&St.L.
Pitts.Llsb.&Wn
PittB.Bes.&L.E.
Pitts.
AWes'n..
PittB.a.<feToi.
Pitts. Pa.
F.
&
. .
M
to
Latest Date.
1899.
S
Kan. C.N. W.... August
Kan. City &Om. •2d wk Sept
K. C. Pitts.
AdlTondaok
1898.
9
AND
WeekorMo
1899.
Jan. 1
Total system
Rloh.Fr'ftsb&f.
Rio Grande Jot.
RioGrande So'n
RloGr'de West.
& H.
Sag. Tuso.
8t.JoB.&Gr.I...
St. L. Chi.
& St. P.
8t.L.Ken'et& So
8t.L.&SanFran.
St. L. Southwest.
StPaul&Dal..
& A. P
SanFran.&N.P
San. Ant.
8.
FePres.ifePh.
Sav.Fla.&West.
Sher.Shrev.&So
Sil.Bprs.O.
Sioux C.
AG
& Nor.
So. Haven &E.
80. Pacific Co. -
Gal.Har.&8.A
Louis' a. West
Morgan'sL&T,
N.Y.T. AMex
Tex.&N.Orl.
Atl. Prop'tes.a
So. Pao. of Cal
So.Pao.ofArlz
So.Pao.ofN.M
27,052
33,872
212,846
166,6le
3,862
3,039
4thwkMav
96,335
81,636 1,498,659
10,041
12.727
2d wk Sept
370,365
82.750
76,605 2,538,214
2d wk Sept
315,81H
32.783
August.
39,023
July
2,057,125 1,703,087 11,376,720
July
1,565,143 1,406,682 9,415,197
July
23,138
18,719
136,821
August
555,487 611,407 3,032,433
August
616,815
674,497 3,279,903
12,10«
August
15,158
80,373
2d wk Sept
42,346
32,804 1,184,548
40-,097
dwu Sept
13,135
9,130
2d wk Sept 510,345 438,815 17,339,736
39,^39
August
4,451
4,333
60,622
August
7,560
8,367
vd wkSept 274,244 208,652 10,559,297
253,671
July
25,000
July
393,908 268,010 2,669,701
2d wk Sept 124601 108,510 4,835,083
486 973
56,148
July
63,691
Wk Sept. 2
76.500 3.059,900
84,100
15,331
517,569
4th wk Aug
20,250
July
45,241
35,703
.16,032
1,856,108
53,610
2d wk Sept
2d wk Sept 112,720 110.164 2,909,528
wk Sept 30S748 277,402 7,619.878
2d
2d wk Sept 569,000 520,001. 18,341,551
20.00<
823,377
28,000
2d wk Sept
2d wk Sept 597,000 540,000 19.164,926
23,40ff
178,883
27,321
June
488.714 350,053 3,440,919
August
865,965
115,296
August
119,758
July
498,089 549,531 3,381,3 70
4,143
July
2.633
August
4,905,211 4,107,090 31,892,647
2dwkSept 101,539
83,054 3,296.957
July
221,970 166.219 1,411, l'>3
2d wk Sept 308,548 263,423 8.600,599
29.733
4.294
May
4.991
July
530,815 3,762,309
614,115
2dwkSepi 735,467 628,056 17,833,^03
760,707
30,48t.
23,915
2d WkSept
75.258
62.323
January...
75,258
34,855
Augu.st
37,595
August
50,430
44,849
151,773 4,248,963
4th wk Aug 165,4e0
July
674,267 565,672 4,279,130
May
435.952 432,060 1.929,471
July
298,792 471,594 2,114,09.'
July
6,081.695 5,162,295 39,230,606
591,876
15,954
2d wk Sept
18,824
July
499,852 369,516 2,670,968
July
1,P98,364 1,688,072
<uly
2,300,068 1,356,243
July
4,298.432 3,044,315
862,078 5,892,489
July
897.478
August
1,657,576 1,389,807 11,276,007
B0,028
August
3,912
4.297
42,813
33,987 1,186,917
2d wk Sept
37,465 1,325,250
2d WkSept
33.829
664,921
21,623
2d wh Sept
17,747
284,651
9,018
2d wk Sept
6,095
68,106 2.280,918
57,671
2d WkSept
558,324
75,356
July
76.148
217.733
35.048
July
42.833
312.188,914
IstwkSept
9,074
67,400 2,474,969
21 wkSept
86,400
75.515
12,900
13.227
July
942,522
19,591
2d wk Sept
28,316
227,607
31,643
August..
32,535
57,227
5,602
August-. _
8.500
2d WkSept 167,968 127,845 5,065,4 5
2d WkSept 112.500 103.000 3,736,544
191,220 159.926 1.148,533
August.
121,283
126,7 32
.July
609,848
97.082
89,931
August
605,947
15.239
14,334
Istwk Sept
June
375.096 482,237 1,940,343
201,912
8,659
4th wk Aug
9,039
161,535
28,316
27,816
June
102,031
18,587
April
19,400
21,529
3,454
July
5,580
. .
.
458,288
July
July
July
July
July
July
July
July
July
July
Pacllio system
Total of all. 6 July..
Southern Ry.c. 2d
99811
483,469
19,501
145 767
1,223,952 1,247,498
....
wk Sept
W.Jersey&Sea'e July
W.V.Cen.&Pitt8 August
WestVa.A Pitts. June
Western of Ala. July
West.N.Y.&Pa 2d WkSept
wk Sept
wk Sept
2d wk Sept
2d wk Sept
& L. Erie 2d
Clev. C. & So. 2d
Total
Wisconsin Cent.
Wrtgutsv.&Ten. July
Tork Southern. July
3,280,179
807,^30
3,754.618
142.985
1,088,405
$
222,458
168,322
1,304,218
342,039
2,381,257
242,050
10,132 672
7,82i;605
124520
2,984'949
3,205'cd71
61,614
1.057,650
336,258
15,481,615
34,900
79,377
9,261,220
1,933,983
4,235,495
333,675
2,785,400
451,274
1,453,174
2.650,200
7.173,523
17,683,026
924,262
18,607,288
182,033
2,763,416
1,003,143
3,285,251
29,288,980
2,629,072
1,237.171
7,746,899
28.924
3,543.309
16,499,906
652,292
62,323
4,362,852
3,619,124
2,292,512
2,628,553
36,525,606
555,112
2.252,738
5,529,089
10,160,983
29,536
905,495
1,222,252
745,679
268,125
2,242,376
520,444
210,610
311.635
2,223,066
66.957
817,712
218,149
41,737
4,615,856
3,390,754
973,983
544,354
543,624
2,061,313
167,137
132.441
78.586
15,911
2,998,109
705,199
3,545,712
176,602
951,583
8,639 639
191,649 1,9S 5,749 1,879,168
244,486
957,994
108.480 1,139,690
150,359
3,723,019 3,012,315
4,946,971 4,259,813 32,475,972 30,239.161
601,164 546,891 18,217,625 16,526,293
9,794
11,233
4,137
4,807
171,843
181,914
5,778
7.054
145,336 141,742 5,217,043 4,805,430
2,700
5,000
33,989 1,327.363 1,249,918
43,692
6f 9,636
694.503
19,736
25,226
46.336 1,324,097 1,448,463
36,760
1,844,211 1,614,413 11.051,763 10,001,066
345.352 294,321 10,40,5,818 9,336,786
412,781 359,881 1,636933 1,418,633
773,009
850.209
110,967 101,513
182,232
160,827
31.674
31,307
350,060
371,437
46,85S
48,145
64,200 2,44 4.7^.7 2,089,891
74,500
29,201 1,144,242 1,009,041
33,358
14,514
18,101
43,715 d 122 I 349 dl069,613
51.459
104,008 3,730,709 3,380,183
117,487
46,850
73,313
5,781
10,734
40.969
44,060
5,683
6,860
1,407,692 1,091,362
StonyOLAC.Mt. June
Texas Central. istwk Sept
Texas* Pacific. 2d wk Sept
Tex.S.V.&N.W. May
T01.& Ohio Cent. 2d WkSept
Tol.P. .fewest.. 2d WkSept
Tol.St.L.<feK.C. 2d WkSept
Union Pac. RR.. July
Wabash
2d WkSept
Wheel.
393,682
103.836
546,894
25,373
160,428
1898.
o Includes earnings from ferries, etc., not Jglven separately, b Includes the Pacific system and the Atlantic properties, but not the Houston * Texas Central system, c After May 1 Includes South Carolina A
Georgia for both years, d Includes Clev. Canton & Southern .from
Aug. 16 only. 'Figures for August are for the jraHroad only.
Chicago
t Includes Chesapeake & Ohio 80' western. Ohio VaUey and
and Texas for both years. Results on Yazoo Branch exol uded In
§Oov»
t Mexican currency.
1899 but included in 1898 until July 1.
ers reanlta of Jlnes directly operated eaet of Pltteburg.
THE CHRONICLE.
638
[Vol. LXIX.
latest Gross Earnings by Weeks.— The latest weekly earn-
Qross Earnings.
1899.
189S.
ings in the foregoing are separately summed up as follows
For the second week of September our preliminary statement covers 67 roads and shows 12 '74 per cent increase in the
aggregate over the same week last year.
Set Barnings.1899.
1898.
Roads.
$
Allegheny Valley. b. July
306,732
219,557
121 303
96,647
Jan. 1 to July 31.... 1,750,895
488,179
647,2 24
580,135
Ann Arbor. b
July
133,945
110.770
49.149
32,285
Jan. 1 to July 31....
915,116
841,149
276.059
215.476
Arkansas Midl'd.b..July
?(? twefe of Sept.
Increase. Decrease,
8.757
6,977
773
1899.
1898
679
Jan. 1 to July 31....
69,695
62.045 def.2,093
1,309
S
9
Atoh.Top. &8.Fe.b..July 3,203,171 2,766,998
1978,113
t479,693
Alabama Gt. Southern..
2,920
41,476
38,556
Jan. 1 to July 31. ...22.629,037 21,565,336 7,495,648 4,960,069
30.120
Ann Arbor
25.998
4,122i
Atl. Knoxv. & No....July
35,145
24,063
10.024
4,399
1S6.340
Bait. & Oblo 80Tithw«»9i.
15,011
141,329
Jan, 1 to July 31....
214,992
176,306
41,750
36,826
98,* 56
Buflalo Kooli. & P Itcsb'?.
19.835;
78,921
Atlan. & West Pt.b.. July
45,686
Oaaadian Paoiflo
5i,00Cl
44,792
511.000
19,451
14.192
565.000
Jan. 1 to July 31....
343,362
Central of Georgia
24,9621
317,919
117,063
128,857
103.895
105,983
Ghattanooga Southern..
52
1,526
1,474
Atl. Coast L. (8. O.June
158,791
135,912
16,101
27.039
Chesapeake & Ohio
30,531
266,803
236,277
Jan. 1 to June 30.... 1,027,820 1,001.334
353.028
334,613
sen .t E»Rt. IlllDOlS
Otal'
104,573
11,555
93.018
Atlantic* Danv.a.. Apr.
61,799
53,429
22,546
19,191
Ohio. Great Western
37,923
148,423
110,500
Jan. 1 to Apr. 30
201,934
192,078
60.348
55,416
Chlc.Indlan'lis & Loulsv.
8,232!
82.724
74.492
July! to Apr. 30....
482,998
472,956
125,;i01
136,304
818.00'.
Ohleaeo Milw. <k St. Paul
35.220
853.222
Austin & Nort w'n b July
10, 174
9,165
def. 656 def. 1,694
Cblc. Term. Transfer...
25,797
23.401
2,396J
Chloago & West M ohlirai
4,977
49.560
44,583
Baltimore* Ohio. b. May 2,299,036 2,446,544
390,397
613,647
7,617
Caev. Cln. Chic. A St. L..
330,723
323,106
Jan. 1 to May 31.... 11,155,558 11,210,007 2,150,445 2,880,361
3,244
Olev. Lorain & Wheel'g.
34.405
31,161
July 1 to May 31.... 25.902,170 25.314.415 5,936,894 6,843,459
41,20(
Denver &. Rio Grande.
222,20(
181,00t
Balt.A Ohio South.bJune
547,134
539,546
141,455
96,287
Det. Gd. Rapids & West.
31,43)
30,026
1,405
Jan. 1 to June 30.... 3,172,996 3,415,318
851.007
849,487
"3,667
Dnlnth So. Shore <fe At..
49,524
45,857
July 1 to June 30.... 6,868,835 6,904,315 1,864,377 1,987.607
1,06S
BvanBY. & IndlanapoUa.
7.13C
6,061
Bath & Hammonds. June
1,659
1,459
166
vansv. & Terre Haute.
def.315
27.48f
24,842
2,643
Jan. 1 to June 30
10,903
10,033
831
Flint <fe Pere Marquette,
3,011
66.67P
60,965
5,914
July 1 to June 30....
37,484
39,554
19,207
19,609
ru Worth & Rio Grjinde
7.329
10,577
3,248
"9*037
Beqjrgla.27.219
36.256
Blrm. & Atlantic. b. Apr.
1,558
2.323
def. 503
174
,
ekand Trunk
Jan. 1 to Apr. 30...,
7,513
9,185
60
799
Chlo. & Grand Trunk }
488,840
69,891
558,731
Brunswick AWest.bJune
59,390
61,502
42,616
28,054
Det. Gd. H.
)
Jan. 1 to June 30...,
310,547
298,241
fg.OS'T'
89,623
Hooiing Valley
55,774
24.562
80,336
July 1 to June £0 ...
631,214
605,041
172,048
181,912
Btttern'l & Gt. Xorth'n .
95,156
5,719
89,437
"3,948
Bufl. R. &Plttb8.b..July j 268,673
336,244
49,32C
124,445
Iowa Central.
....
53,268
j 77,149
Jan. 1 to July 31.... 2,065,161 2,142,492
11,40'
Kanawha & Michigan .
12,13f
727
731,743
770,942
Kan. City Ft. 8. & Mem..
81,125
25,740
106,865
Buflalo & Snsqueh.a. July
55,290
49,659
23,464
20,913
Kan. City Mem. <& Blrm.
22,025
3.694
25,719
Jan. 1 to July 31....
407,782
318.460
156,672
123,719
3,03F
Kansas City & Omaha
823
3,862
Burl. Ced.R. & No.a.July
393,704
303,325
105,379
72.873
Kan. City Sub Belt ...
12,727
10,041
2,686
Jan. 1 to July 31... 2,559.377 2,231,840
675,093
669,352
"6,145
76.60!'
JLake Erie & Western.
82,750
Canadian Pacific. a. July 2,385,625 2,051,363
9,S41
972,962
liOnlBT. Evansv. & St. L
32,804
730.689
42,345
Jan. 1 to July 31.... 15,073,989 13,647,382 5,995,215 4,884,366
loulsv. Hend. & St. L...
9,13(
4,oo;
13,135
43H,815
LonisT. <fe Nash
71.53(
510.345
Cent, of Georgia. a. July
428,702
449,625
124,104
148,612
Mexican Central
208,652
.....
274,244
65,592
Jan. 1 to July 31.... 3,042,344 2,913,679
752,632
846,642
Mexican National
108,510
..
124,601
16,091
Central New Eng.... July
58,426
49,034
12,254
11.539
53610
Mtameapolis & St. Louis
2,4 2 V
56,032
Jan. 1 to July 31...,
398,277
353,665
107.455
89.135
110,164
Minn. St. P. & 8. Ste. M.
2,556
112,720
Cent, of N. Jersey.a. Aug. 1 ,449,555 1,146 069
Ho, Kansas & Texas
277.402
663,119
.S05,74S
28,346
507,211
Jan. I to Aug. 31
9,533,353 7.928,529 3,805,306 2,976,806
Mo. Paciho, Iron Mt. ..
520,001
49.001
569,000
8.00«
20.00(
Central Branch
2(^.000
Central Paoiflo. b.... July 1,580,443 1,300,119
709,210
521,333
83,054
K. Y. Ontario & Western
101,539
18,485
Jan.l toJuly31
9,448,878 8,708,335 3,683,245 3,209,181
263,42:
45.125
Korfolk & Western
30=<,54S
Char. <& Savannah, b June
64,394
62,275
40,266
11,511
Northern Pacific
628.056
107,411
735.467
Jan. 1 to June 30
395,221
386,f52
133,309
100,277
23,915
6,57.
Ohio River
30.4851
July 1 to June 30....
669,301
637,170
146,975
110665
2,87C
15,954
Peoria Deo. & Evansv..
18,824
Chattan'ga South, a. July
33,987
6,963
5.958 def.1,671
Fittsb. Bess. & L. Erie...
42,8131
8,826
321
Jan. 1 to July 31 ...
68,10e
43,163
Pittsburg & Western
10,435
40,164 def. 11, 057
57,671
def. 42
67,40C
19.000
Bio Grande Western
86,400
Chetap. & Ohio.a...July 1,051,155
961,589
350369
338,173
19.591
8,72f
28,316
t.Joseph & Gd. Island.
Jan. 1 to July 31
6,802,294 6,702,379 2,106,144 2,111,408
127,845
40,123
167,968
OL Louis & San Fran
Ohio. Burl.&Quln.b. July 3,850.278 3,086.197 1,359,733
912,075
103,000
9,501
112,500
BL LoD is Southwestern
Jan. 1 to July 31.... 23,927,508 22,937,948 8.339,825 7,754,099
546,891
54,273
601,1641
Sent hem Railway
Chic. & East. 111. b... July
141.74i
386.078
321,007
3,594
177.602
Texas & Paoitio
145,336
131,628
Jan. I to July 31.... 2,603,652 2,320,130 1,156,348
33,989
Toledo A Ohio Central...
9,703
43,692
935,435
19,736
25,226
5,490
Toledo Peoria & Westo
Chlo. Gt.West'n.b.. Aug.
587,702
526,440
229,823
209,183
46,336
36.760
9,576
loledo 8t. L. & Kan. Clt>
Jan. 1 to Aug. 31.... 3.969,997 3,512,i31 1,272.887 1,041,001
51,03''
34?i362
294,321
Wabash
July 1 to Aug. 31.... 1,074,202
917,566
386.309
314,942
64,200
10,300
WestN. Y. APenn
74,5 X)
Ohio. Ind.&Louis.a. July
340,326
291,645
136,908
97.465
29,20)
4,157
Wheeling & Lake Eri*-.
33,358
Jan. 1 to July 31.... 2,058,149 1,834,954
694,440
508,337
14,514
IS. 101
3,587
Clevel'd Canton & So
Chlo. M.& St. P.. a.. July 3,384.476 2,535,192 1,140,058
101,008
Wlaeonsin Central
117,48/
882,521
13,479]
Jan. 1 to July 31... 21,364,758 18,294,574 6,980,612 6,337,532
18.030 Chic. R. I.&Pac a.d.July 2,000,703 1,786,577
Total (67 roads) ...
9,540,919 8,463,051 1,125,978:
721,335
602,287
Jan. 1 to July 31
11,602,755 11,403,649 3,763,615 3,83^,918
Xei increase 12*74 p. 0.
1,077,8981
Apr. 1 to July 31..
6,897,521 6,631,150 2,095,608 1,987.310
For the first week of September our final statement oovers 72 ChioTerm.Transf.b.July 100.630
98,801
64,039
56,261
Jan. 1 to July 31
roads, and shows 9.97 per cent increase in the aggregate
717,921
667,223
451,367
425,217
over the same week last year.
Ohio. & W. Mleh
,Iuly
183,390
154,904
34.010
17,653
Jan. 1 to July 31
1,215,529 1,017,295
232.112
169,152
Ohootaw Okl. & G.b July
146,483
121,214
48,696
37,685
Increase.
Decretise.
1898.
1899.
ls< teee/c of September.
Jan. 1 to July 31
974,884
314,247
861,089
284.273
Nov. 1 to July 31.... 1.405,975 1,179,292
614,600
422,285
»
$
$
$
865,987
57,338 Cln.N.O.& Tex.P.a.Aug.
428,209
417,346
161,393
146,024
PwvioaBly rep'd (64 -'ds 8,440,868 7,632,219
47.307
264
47.043
Jan. 1 to Aug. 31
3,046,354 3.006.127 1,019,654 1,025,833
Chicago & W. Michigan..
33,852
July 1 to Aug. 31
30.254
>.-• .-.
3,598
825,872
817,885
304,305
289,317
Det. Gd. Rap. & Western
53,038
5,649 Cin, Ports. &Va.b... July
47,389
Fla. Cent. & Penln
26,923
23,440
7,769
6,496
30,29^
554
• •30,852
Ft. Worth & Denver City
Jan. 1 to July 31
166,094
148,738
40,533
22,648
5.83'
7,458
1,620
Ft. Worth & Rio Grande.
Clev.Clr.C.&St.L.a.July 1,254,798 1,146,053
340,500
306,831
4.234
2,205
6.439
Gulf Beaum't & Kan. C.
Jan. 1 to July 31
8.190,912 8,045,307 2,150,144 1,960,173
675.6.9
633,620
42,029
Sorthern Pacific
14,334
905
Peoria & East'n a. July
165,823
122,381
15,239
45,504
19,148
San. Fe Fresco tt & Phx..
Jan. 1 to July 31.... 1,089,834 1,063,192
271,384
232,552
911,680
68,469 Olev.Lor. & Wheel.a.Mar.
9,299,571 8,456,360
Total (72 roads)
155,820
114,903
52,690
21,288
843,211
July 1 to Mar. 31
1,192,863 1,131,337
347,532
318,149
Jlet increase (9-97 p.o.K.
Colorado Midland. .July
151,911
140,339
33,356
24537
Net Earnings Monttily to Latest Dates.—The followmg
Jan. 1 to July 31...,
935,930
909,554
147,443
137,853
shows the gross and net earnings to latest dates of all Steam Colorado & So. b...July 295,341
82,522
railroads furnishing monthly statements. The compilation
Jan. 1 to July 31
583,221
2,099,848
includes every road from which we can get returns of this Col. Sand. & Hock'g July
74,312
18,678
73,108
8,725
character, and in that form is given once a month. Early re- Orystal
July
498
1,324
def. 175
730
Jan. 1 to July 31
6,915
8,488
1,439
4.295
turas art published from week to week, as soon as issued, but
23,'280
nmberland Val.b...July
75,223
68,069
16,554
for the convenience of our readers all the roads making re483,-50
468,149
Jan. 1 to July 31
135,662
116,685
turns are brought together here in the week in which we pub
721,272
703,453
275,92 ?
308,564
lieh OUT monthly article on net earnings say on or about the Den. A R. Grande. b. July
5,105,822 4,588,730 1,791,809 1,847,247
Jan. 1 to July 31
SOth of the month.
141,974
116,055
29,956
Det. Gr. Rap.& W.a..July
18,9S3
T?ie returns of the street railways toe give by themselvis
896,998
826,152
160.781
Jan. I to July 31....
160,242
a separate head at the extreme end of these tabulatiorts Detroit & Mack'c.a. July
"under
61,641
45,856
21,840
12,945
—see page ^JJ^O.
422,204
327,379
162.825
Jan. 1 to July 31....
136.85S
Net Earnings.
Gross Earnings.
155,112
100,268
72,848
Elgin Jollet & E.a...July
30,181
1898.
1899.
1898,
1899.
1,017,774
857,770
426,676
Jan. 1 to July 31
326,516
$
Roads.
July 3 302,533 2.570,09";
914,570
697,590
1,768 Erle.B
15,«97
15,064
2,323
July
Afllrondack a
Jan. 1 to July 31... 19,74 9, 126 18,069,995 4,506,227 3,884,748
43,556
124,125
29.019
107.033
Jan. 1 to July 31...,
.'»,633
July
4,527
6,141
1.205
41,834 Eureka Springs
52,079
133,357
157,066
AlabamaGt.South.a July
33.249
30,450
16,285
10,671
Jan. 1 to July 31
246,762
970,331
293,687
1,053,566
Jan. 1 to July 31
June
7,S36
10,519
8
1,2S9
9,569 PlndlayFt.W.&W.b
68,493
30,070
79,629
Alabama Midland. bJune
49,063
39,384 def.4,712
1,370
Jan. 1 to June 30....
72,8S9
45,617
406,789
400,507
Jan. 1 to June 30....
98,995
79.691
6,186
to June 30...,
140
July 1
143.679
136,676
766,274
835,010
July 1 to June 30....
I
.
.
j
&M
.
. .
.
.
.
I
i
1
—
.
—
—
.
.
.
.
Septhuber
THE CHRONICLE.
23, 1899.]
—
.
Jtoads.
Orost Earnings,1898.
1899.
$
259,302
FllntA Fere Marq.a.. July
Jan. 1 to July 31
1,855,015
Ft.W.&Den.Clty.a.July
Jan. 1 to July 31....
Ft. Wortii & Rio Gr. July
Jan. 1 to July 31
eadsdenA
Att. Dn.Aug.
Jan. 1 to Aug. 31....
July
GeorKla.a
Jan. 1 to July 31....
Ga. & Alabama.a.-July
Jan. 1 to July 31....
Ga. South. & Fla.a.July
Jan. 1 to July 31....
114,332
839,727
30,634
265.311
1.311
6,695
116,979
$
220,159
1,648,499
99,604
740,624
24,701
254,702
538
4,S07
115,844
849,120
94,871
688,274
88,433
570,650
—Net Bamingg.
1899.
$
57,429
405,754
1898.
$
54.122
385,044
13,744
142,751
12.150
96,438
28,417
235,699
504
119
7,082
84,982
1,452
2,561
21,254
g.18,177
153.554
249.179
21,i02
23,959
158,371
129,411
32.736
27.665
136.649
168,085
23,306
172,471
67.197
67,658
440,599
352,373
491,079
559,814
3,893.435 3,546,574
36,416
53,654
16,371
33,545
1,677
1.913
3,439
5,683
124,494
48,068
298,162
456,980
54,727
def.431
465.607
612,060
4,720,965 4,607,667
24,665
17,733
224,264
195,086
7.063
69,730
263,682
383,552
660
2,735
10,173
def.15,012
11,376
9,559
77,899
76,294
105,164
127,731
844,887
822,582
7.139
20,809
195,998
207,682
107,361
135,327
720,72i
851,782
*582,372
511,959
2,C09,660 2,351.573
2,394,802 2,815,654
df.52,413 df.182,806
df.386,?31 df.504,488
df.473,352 df.577.911
7,234
10,591
42,161
45,972
245,749
247,785
671,039
5h0,004
285,387
291,809
703,066
611,540
lcl0,515
kl7.522
892,887
94,248
678,068
92.853
560,087
OilaVal.Globe&No.July
32.528
Jan. 1 to July 31....
248,657
247,858
279,683
er. Rap. <fe Ind.a... July
Jan. 1 to July 31.... 1,726,240 1,513,467
Or.Tnmkof Can....July 1,704,025 1,501,254
Jan. 1 to July 31
11,355,466 10.610,230
280,462
Chic. & Gr. Trunk.July
285,450
79,136
&Mn..Jnly
95,891
Det.Qr.
4,439
4,515
Gall Jfe Chicago
Apr.
18,670
17,694
Jan.lto Apr. 30....
193,980
Hocking Valley.a... July
315,782
Mar. 1 to July 31.... 1,321,566 1,074.691
213,485
Houst & Tex. Cent..July 212,829
nilnols Central.a..:July 2,381.790 2,052,074
Jan. 1 to July 31.... 16,096,725 15,282,593
59,594
Indiana Ill.&Iowa.b.July
76,791
504,076
Jan. 1 to July 31....
577,822
135,386
Iowa Central. b
July
196,731
Jan. 1 to July 31.... 1,207,758 1,034.166
3,064
July
5.403
Iron Railway.b
28,805
33,006
Jan. 1 to July 31....
46,023
50,662
Kanawha A Mich. b. July
371.384
314,596
Jan. 1 to July 31....
414.041
342,472
Kan. C. Ft. 8. AM. a. July
Jan. 1 to July 31.... 2,737,227 2.779,919
101,286
88.966
Kan.C. Mem.&B.a.July
855,863
829,175
Jan. 1 to July 31....
263.545
330,551
L. Erie* West'n.b.. July
Jan. 1 to July 31.... 2,050,361 1,912,335
Lehigh Ya.ley RR..July 2,057,125 1,703,086
Jan. 1 to July 31. ...11.376,720 10,132,672
Dec. 1 to July 31. ...13,167,713 11,671,784
LehlghVal. Coal Co. July 1,565,143 1,406,682
Jan. 1 to July 31.... 9,415,197 7,821,605
Dec. Ito July 31. ...11,186,011 9,241,520
23,138
18,719
Lexington A; East. b. July
136,821
124,520
Jan. 1 to July 31....
535,999
569,801
Long Island RR.b.. July
Jan. Ito July 31.... 2,476,946 2,373,542
594,490
641,260
Long Isl'dRR-Sys-b. July
Jan. Ito July 31.... 2,663,038 2,531,474
41,134
54,049
LouiS.Hen.ASt.L.b.Aug.
k67,507
315,498 kll4,052
380,206
Jan. 1 to Aug. 31....
kl8,476
k37,979
107,322
81,055
July Ito Aug. 31....
513,726
730,849
Lonlsv. A Nashv.b.. July 2,166,220 1,827,667
Jan. 1 to July 31....14,039,£06 12,750,604 4,588,680 3,778,261
def.423
def.773
4,492
4,307
Macon A Birmlng... July
35,306
30,449 def.4,193 def.3,902
Jan. Ito July 31....
def 983
1,595
July
9,974
12,163
ManlatlQue
24.505
5,224
52,255
71.817
Jan.lto July 31....
306.896
516.246
Mexican Central... July 1,375,920 1,018,536
Jan. 1 to July 31.... 8,745.354 7,757,831 2,920,019 2,468,137
def. 7,500
25,000
Mex.Cu'nav'oA Pac.July
9,061
253,671
Jan. 1 to July 31
108,900
183,731
268,010
393,903
Mei. International. July
746,608
Jan. 1 to July 31.... 2,t 69,700 1,933,983 1,199,039
564,371
509,329 c262,182 c219,176
Mexican National... July
Jan. Ito July 31.... 4.039.462 3,544,427 cl,923,792 cl, 595,792
30,322
25,380
86,148
63,691
Mexican Northern. July
180,226
210,851
333,675
486,973
Jan. Ito July 31....
17,161
17,630
45.241
35,703
Midl'd Terminal. b... July
53.560
150,682
80,600
240,160
Minn. A 8t. Loui8.a..July
409.430
510,972
Jan. Ito July 31.... 1,499,272 1,153,628
97,408
203,122
289,975
398,615
M. St. P. A 8.8. M... July
890,718
977,370
Jan. Ito July 31.... 2,310,550 2,116,363
120,910
177,982
665,721
770,846
Mo.Kan. A Texas.aJune
Jar. 1 to. »une 30.... 5,082.839 5.002.764 1,259,045 1.132,556
July Ito June 30.. ..11,930,334 12,017,237 3,917,506 3.864.849
24.2P3
36,220
112.887
109.835
Mont. A Mex. Gulf. .July
324,324
150,487
887,847
746,207
Jan. Ito July 31
219,8£0
165,044
549,531
498,089
NaBh. Ch. ASt. L.b.July
948,915 1,143,209
3,381,370 3,285,251
Jan. 1 to July 31
1.277
994
July
2,633
4,143
Nevada Central
N. Y. N. H. A Hartford.b—
Apr. 1 to June 30... 10,003,929 7,614,737 2.409,475 1.934,482
Jan. 1 to June 30... .18,276,440 14,3^5,766 4,854,549 3,743,879
103,179
154,844
349,887
N, Y. Ont. AWeet.a.July
422,966
514,697
863,737
Jan. 1 to July 31.... 2,623,484 2,081.941
80,988
99.417
221.970
166,219
N. Y. Bus. AWest.a..July
531,209
547,.552
Jan. Ito July 31 .... 1,411,183 1,237,171
268,117
367,585
864.577
Norfolk A West'n. a. July 1,052,184
Jan. 1 to July 31.... 6,938,816 6,328,544 2,179,284 1,733,855
849 def.1,352
4,991
4,294
Northeastern of Ga.May
def.790
def.867
29,733
28,924
Jan. Ito May 31....
15.620
9,264
70.409
68.775
July Ito May 31....
183,432
166,432
530,815
614,115
Northern Central.b.. July
835,916
819,616
Jan. Ito July 31.... 3,762,309 3,543,309
969,877
Northern Paciflc.b.. July 2,350,163 1,916.699 1.156,127
Ogdensb. A L. Champlaln—
33,820
19,974
149,538
175,789
Apr. Ito June 30....
44,556
282,830
45,353
307,837
Jan. 1 to June 30....
33,345
42,733
July
98,947
82,027
Ohio River. b
144.448
213,998
587,425
512,772
Jan. Ito July 31
209,778
267,605
486,455
528,157
Oregon RR. A Nav.. July
Jan. Ito July 31.... 3,633,961 3,781,169 1,478,825 1,356,017
Paolflc Coast Company -See Miscellaneous Companies.
H
«39
Oross Sarmngs.
1899.
1898.
Roada.
Pennsylvania
$
$
.
.
Net Eamingt.
1898.
1899.
$
s
$
Lines directly operatedEast of Pitts. A E.July 6,081.695 5,162,295 1,831,131 1.701.431
Jan. 1 to July 31 ...39.230,606 36,525,606 10,314,481 10,240,181
Westof Pitts. A E.July
Jan. Ito July 31....
Peoria Dec. A Ev.b. June
Jan. 1 to June 30...
July
Phila.AErie.b
Jan. 1 to July 31....
A Reading. b -July
A Iron Co. b. July
Total both Co's.b. July
PMla.
Coal
Inc. 759.200
Inc. 2.323,800
56,754
69.589
394,945
384,191
499.852
369,516
2,670,968 2,252,738
1,998,364 1,688,072
2,300,068 1,356,243
4,298,432 3,044,315
Reading Comp'yb.July
Inc.
Inc.
331.400
1,156.100
1,682 def.1,429
65,997
66,191
168,715
125,.597
734.620
719,794
174,770
894.564
24.222
918,786
302,034
Total aUComp's.b. July
Phila.Wilm ABalt.b.July
862,078
897,478
Jan. Ito July 31.... 5.892,489 5.529.089 1,693,894
Nov. Ito July 31.... 7,557,651 7,027,851 2,193.293
529,861
Pitts. C. C. A St.L... Aug. 1,657,576 1,389,807
Jan. 1 to Aug. 31. ...11,276,007 10,160,983 2,804.027
3,636
3,529
1,120
Pitts Lisb. A West.. July
25.624
Jan. Ito July 31
25,731
8,848
301.839
285,954
96,218
Plttsb'g A West'n.b.May
Jan. Ito May 31.... 1,254,889 1.228,759
402,843
899.790
July Ito May 31.... 2,959,276 2,889,906
Rich. Fred. A Pot... July
76,148
75,356
35,094
558.323
520,444
211,867
Jan. Ito July 31....
35,043
Rio Grande Junot'n. July
42,833
f 12,850
217,733
210,610
f65,H20
Jan. 1 to Jxily 31....
244,317
f 74,951
249,835
Dec. 1 to July 31....
42,324
Rio Grande South, b. July
33,499
13.687
259,148
259,730
120,098
Jan. Ito July 31....
335,226
271,807
155,632
aio Grande West. b. July
775,240
Jan. Ito July 31.... 1,961,469 1,833,866
80,968
41,809
132,078
9t. Jos.AGd. Isl.a..July
653,825
155,611
Jan. 1 to July 31....
740,305
497,535
9t. Louis ASanPr.b. July
561.945
193.793
Jan. Ito July 31..., 4,014.120 3.774,257 1,528,815
428,143
369,206
76,108
8t. Louis Southwest -July
730,792
Jan. Ito July 31.... 3,047.944 2.775,854
162,815
126,460
56,966
8t. PaulADuluth.a.July
126,732
121,283 def.2,800
San Ant.AAran.P.b July
48,696
97.082
89,931
SanFr. A N. Pac.a..Aug.
60^.848
218.866
544,354
Jan. 1 to Aug. 31....
196,726
175,422
93.075
July Ito Aug. 31.
80,246
81,707
44,543
Santa Fe Pres. A Ph. June
210,718
444.839
393,044
Jan. 1 to June 30....
July Ito June 30....
875.288
375.098
Sav. Fla. A West.b.June
Jan. Ito June 30.... 1,940.343
July Ito June 30.... 3,992,198
28,316
Sllv.ep.OcalaAG.b.June
161.535
Jan. Ito June cO ...
300,941
July 1 to June 30....
Southern Pacific—
458,288
Gal.Har.ASanA.b.July
Jan. Ito July 31. ... 3,280,179
9^,811
Louisiana West.b.. July
807.230
Jan. Ito July 31
483.4S9
M'gan'8La.ATex.b.July
3,754,618
Jan. Ito July 31
19,501
N.Y.Tex. A M.b..Iuly
142,935
Jan. 1 to July 31
145,767
Texas A N. on b.. July
1,088,405
Jan. 1 to July 31.
Atlantic Pr'p'fs.b July 1,223,952
So. Pac.of Cal.b .July 1,407,692
8,639,639
Jan. 1 to July 31
244,486
90. Pao. ot Ariz.b-.Julv
Jan. 1 to July 31.... 1,995.749
419,946
764,687
205,237
482.237
506,002
2,061,313
3,762,965 1,022,673
27,816
18,438
132.441
100.934
223.102
182.060
393,682
2,998,109
103.836
705.199
546,894
3,545,712
25,373
176,602
160.428
951,583
1,247,498
1,091,362
....
191,649
1,879,168
103,480
150,359
8o.Pac.of N. M.b..July
957,994
Jan. Ito July 31. -.. 1,139,690
Pacific System. b... July 3,723,019 3.012,315
July 4,946,971 4,259,813
Total of all. b.i
Jan. 1 to July 31.... 32,47.5,972 30,239,161
Southern RaUw'y.a.. July 2,224,394 2.114,130
14,546,125 13,312.988
Jan. 1 to July 31
4,807
4,137
itony Cl.AC. M..b.,June
11,233
9,794
Jan. Ito June 30....
39.370
34.978
July Ito June 30....
18.614
20.769
Texas Central. a... June
129.179
130.391
Jan. Ito June 30....
150,670
168,421
Toledo A O. Cent. b.. July
1,067,839 1.023,856
Jan. 1 to July 31
83.946
98.614
I'ol. Peoria A West. b.Aus.
617,418
644.472
Jan. 1 to Aug, 31.. r.
155,250
185.614
July Ito Aug. 31....
anion Pao.Rv. a. ...July 1,844,211 1,614,413
Jan. Ito July 31. ...11,051,763 10.001,066
1.079,211
V^abash.b
.. July 1,273.185
Jan. Ito July 31.... 8,264,955 7.473.596
359,881
412,781
W. Jersey A Seash.b. July
Jan.lto July 31... 1,636.933 1.418.633
46,853
48,145
West, of Alabama.b.Julv
33.0,o60
371,437
Jan. Ito July 31....
101.513
110.967
W. Va. C. APittsb.-.Aug.
198.732
212.859
July 1 to Aug. 31....
31.674
31,307
West.Va. APitts.b.June
182,232
160,827
Jan. Ito June 30....
391.089
357,386
Julyl to June 30....
257,321
339,859
West. N.Y.APenn.b. July
Jan. Ito July 31... 1,938,057 1,656.435
160,298
Wheel. A Lake Erie.. July
499,490
Wisconsin Central. .July
5,781
10,734
July
Wrightsv. A Tenn
46,850
73,313
Jan. Ito July 31
5,683
July
6,860
York Southern, b
40,969
44,060
Jan. 1 to July 31....
.
.
568,896
655,385
99,151
754.536
18,773
773.309
312,934
1,497,094
1,893,593
478,341
2,489,203
653
6,294
90.033
353,463
855,099
32,844
204,974
f 10,514
f 63,183
f 73,295
18,294
132,146
86,657
686.426
12,256
165.511
158,294
1,403,959
27,994
307,420
28,749
5,465
41,333
185,405
80.168
47,443
209,070
399.416
195,374
609.627
1,047,642
16,743
78.176
118,219
80,323
78,359
631,313
639,624
29.918
49,625
296.483
337.564
118,959
247,917
1,245,916 1,269,546
2,886
10,776
32 839
72,016
54,546
78,498
404,533
335,615
285,528
465,703
530,190
359,160
3,024,628
76,473
48,279
724,653
84,702
45,787
617,781
1,4''6.239 1,004.420
1,771,504 1,530,123
11,061,066 10,429,937
557.565
645,511
4,233,775 3,752,330
1,259
2,572
634 def.1,129
16.086
7.365
1.778
2.605
25,329
27.585
65.285
40,595
349,573
295.376
26,704
21,453
174,789
163,354
49,642
36.822
699.120
738,091
4,279,809 4,136,292
257,655
304,084
2,211,014 1,927,324
137,362
163.462
315,994
439,194
14,941
16,102
114,432
129.629
26,953
35.710
58,286
67.706
6.479
13,227
68,053
32,337
173.001
116.128
81.200
128,637
610.S03
446,607
54,069
204,157
.2,472
1,430
18,593
9,883
2,549
,2,159
12.284
15,190
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
c Deduotlngotherexpendltures tor repairs, replacements and general
expenses, net income applicable to Interest on bonds in July was
$106,785, against $93,425 last year, and from January 1 to July
This is the result In Mexlosn
31, $915,578, against .f 647,262.
dollars treated (according to the company's method of keeping its
THE CHRONICLE.
640
aoconiits) as equivalent to 80 oentB in United States money— that is,
depTPP'atioD beyond 20 per cent has already been allowed for.
d Gross earninea Incluile other income.
f Ti iriy per cent of gross earnings.
et After allowing for other income received, total net in July, 1898,
was $47 725.
i Includes only the Pacific System and the Atlantic properties, the
Houston & Texas Central lines being reported separately.
k May. June, July and August, 1899, estimated.
* Expenses for 18^9 include monthly proportion of extraordinary
expenditures.
j Decrease in July, 1899, due to strike at company' s mines.
t For Julv, 1899, taxes and rentals amounted to $143,182, against
$147,336, after deducting which net for July, 189 9, was $834,931,
against *332.357.
J Includes Chesapeake Ohio & Southwest'n, Ohio Valley and Chicago
& Texas for all periods, but does not inclnde the Yazoo firanch after
July 1, 1898.
y Including income from ferries, &o.
— Net
1899
$
1898
$
.
July
Bingham ton Gas
May 1 to July 31
Consol. Gas Co.. N. J .July
Jan. 1 to July 31
Detroit City Gas... July
Jan. 1 to July 31
....
..
—
6i'd Rap. Gas-L,. Co.July
Jan. 1 to July 31
Jaokaon Gas-L. Co. July..
Jan. Ito July 31
Mar. 1 to July 31....
Laclede Gas-L. uo. July
Jan. 1 to July 31....
•>•«
Madison Gas & Eiec. July
Jan. 1 to July 31
Apr. 1 to July 31
11,470
12,601
Mexican Telephone. .July
62.901
56 .419
Mar. 1 to July 31...
432.060
435.952
Faoiflc Coast Co a ... M ay
1.929,471 2,292,512
Jan. 1 to May 31
2,287.908 2.642.369
Dec. 1 to May 31..
471.594
July
298,792
Paolflc Mail
May 1 to July 31 ... 896,079 1,193,400
8t. Joseph Gas L. Co.July
Jan. 1 to July 31
. .
•
.
l
.
8t.
PaulGaa-Lt Co.. .July
Jan. 1 to Julv 31 ...
Tenn. Coal I. & RR.Aug.
Jan. 1 to Aug. 31
Eartiings.
1899
$
1,627
5.177
12.675
24,539
14.729
227,368
10.476
82.949
1,654
14,2.^0
9,4 02
57,435
533.333
2,849
27.519
12,3': 3
3,324
25,169
104,412
446.0-5
512,840
*91,399
*230,'/54
3,417
38,519
16,762
151,407
168,240
795,314
1898
$
734
3,604
10,694
19.692
7,167
168,398
8,207
71.102
1.456
13,560
8,933
53,596
504.594
2.670
25.795
12.449
3.324
20,4
02
56,962
53tJ.056
609,508
'219,562
*419,771
3,470
33,056
16,942
146,850
5U,246
518.578
Western Gas Co.—
The following taT)le shows the grosa earnings for the latest
period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
drst two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
Por the calendar year from January 1 to and including such
latest week or montti.
—
street RAILWAYS AND TRACTION COMPANIES.
Earnings.
Week or ao
1899.
1898
August
61.078
5,566
47.002
9,407
19.080
57,404
Amsterdam St. Ry.. July
Atlanta Ry. & Power. August
Bay Cities Consol
July
Bingham ton St. Ry... July
Bridgeport Traction. June
Br'klyn Rap. Tr. Co.Brooklyn Heights.. August
Brooklyn Elev. t
Nassau Electric
33,925
293,375
* After deducting "reserve fund for repairs of steamers," balance in
July, 1899, was $62,284, against $190,447, and from May 1 to July31,
$143,409, against $332,426. The reserve fund for depreciation and
general and extraordiEary repairs of steamers has betjn increased to
the standard of the English companies, i. e., five per cent npou the
value of the steamers.
Interest Charges and Surplus.—The following roads, h
addition to their gross and net earnings given in the foregoing, also report charges for Interest, &o., with the surplu.
or defioit above or below those charges
^Bal. of Net Earns.Int., rentals, die.
—
,
1899.
1898.
1899.
1898.
$
69,117
'51,799
32,96t.
5,451
'
'9.916
18,97^
33,019
1899.
463.181
33,214
306.127
49
5'^9
91.878
164,800
1898.
*
417.268
30,551
48,625
90,553
162,276
561,506 563,749 4,088,068 3,889,255
August.... 171,677 138,369 1,404.763 1,027,647
August.... 202,704 240,752 1,392,424 ,467,374
August
935,887 942,870 6,885,255 6,3S4,27612,633 11,097
May
49,219
37,984
. . .
Total
Oln. & Miami Val..
Cin. Newp. &Cov.... August
City Eleo. (Rome.Ga.) July
Cleveland Electric... June
Oleve. Pains V. <StE.
June
.
70,114
63,952
2,847
2,741
} 83,387 141,738
11,224
8,987
Oolnmbus St. Ry. (O.) August
68,358 58.348
Denver City Tram. July
113,77) 106.453
Detroit Citl'ns' St.Ry. Istwk July 36,992 26,148
Detroit Eleo. Ry
9,065
IstwkJuly
7,487
Detroit Ft. Wayne &
BeUe Isle
IstwkJuly
4.778
3,739
Onluth St. Ry
20.437 18,497
August
Erie Electric Motor.. March
9,822 10,081
Galveston City Ry... April
18,795'
darrlsburg Traction August
33,173 31.050
464.411
15.417
819,580
500,716
433,138
13,835
830.911
41,367
446,587
651,869
215,596
580.122
201,174
100,321
143,737
35,102
91,417
132,?22
31,170
207.959
178,110
50,6 ^3
.
Herkimer Mohawk
II-
lon&P'kfortEl. Ry. July.
aouston Eleo. St. Ry. July.
3,889
18.782
3.733
18,998
24,843
121.650
23,192
108,153
16,399
8.947
16,973
10,177
4.805
14,392
8.748
14.952
101,025
46,562
90,343
47,383
9.451
69,622
63,i27
interstate Consol. ol
N orth Attleboro
KngetonCity Ry.
August
August
-.
Knoxville Traction., 'July
I
.^tiigh Traction...... August
Lima Railway (Ohio) August
London St. Ry.(Can,) JJuly
i
35.114
308,376
Jan. 1 toLatest Do te.
Latest Grots Earnings.
Gross
I
Mllw'ee Gas-L. Co. Aug.
Jan. 1 to Aug. 31
LXIX.
STREET RAILWAYS AND TRACTION COMPANIES.
Albany Railway
Miscellaneous Companies.
-Gross JSamings.-
fVoL.
4,126
10.809
9.433
8,364
'58,223
a.056
39,716
11,468
51,407
36,913
June
12,873
77,008
48,477
August
557,632 524,7t)5
April
150,263 134,407
602,447 530,2*4"8
August
lb3,394 143.001 1,113 041
982,739
August
5,652
4.621
38,984
36,397
Newburg St. Ry
iJune
8,9 !<b
8.031
36,383
35,011
Mew London St. Ry.. July
8.734
8,665
30,695
29.7ea
Mew Orleans City
August
113,410 107.330 918,574 896 668
^gdensburg St. Ry... August
2,36b
2,892
14,692
12,777
Paterson Ry
August
38 820 36,519 271,229 245,950
Richmond Traction.. jjuly
19,151 13.022
36,8'5*5
'34,15"!
rtoxb'hCh.H.&Nor'n May
10,729
8.89^
Sohaylklll Val. Trao. August
7,278
8,2 8
io ran ton Railway.... August
36,936 34.213 263,811
247,554
Staten Island Elec. July
26,566 26.988
115,825
112,860
Syracuse Kap. Tr. Ry. June
244,018 221,141
Toledo Traction
July
99.030 85,055
Toronto Ry....
August
123.233 110.301
City Rap. Tran. August
rwln
223,353 186,713 1,600 099 1,388,265
rinlon (W. Bedford).. jjune
20,413 15,782
100.599
87,268
P. & Transp
United
[August
217,258 185.093
Ry8.Elec.(Balt.) JApril
U'td
c»4l,340 313.038
United Tract. (Pitts.) August
150,981 131,089 1,096,507 999,996
Qnlted Tract. (Prov.; June
175,617 148,964
917,730 817,486
a:alt. Trao. (Reading) August
23,730 20,649 145,575
131,35(V
iVakefleld & Stone .... M..y
5,204
4,861
19,531
19.157
JVest Chicago St. Ry 3dwkJ'ne. 86,739 80,696 1,885,100 1,784.064
Wilkes &Wy. Val.... May
47,469 42,421
204,840
194.745
Lorain & Cleve
Los Angeles Tract...
Mass. Elec. Co.'s ...
Milw. Elec. Ry. & Lt.
Montreal Street Ry
Muscatine St. Ry
.
,July.......
'
i
i
$
$
$
519,733
842.958
840.000
*105,876
127,646
127,640
398,P35
274,858
327,429
July
322.500
Chic.R. I. & Pac
677,592
805.608
Apr. 1 to July 31.... 1.290,000 1,309,718
35,042 def. 1,558 def.l 7.389
35,568
Ohlc. & West Mich.. July
241,'.i83 def.11,375 del. 7 2 131
243,487
Jan. 1 to July 31
17,685
21,500
20,000
27,196
Choc. Okla. & Gulf.. .July
321,100
244,285
193.500
178,000
Nov. 1 to July 31....
107,149
67,497
238,334
233,351
Olev. Cln. Ch. & St. L July
7,379 def. 17,654
38,125
36,802
Peoria & Eastern. July
*139,198
210,641 119.849
198,743
Denver & Rio Gr'de. July
i These figures include results on Bridge Division.
2,053
16.880
12,083
17,873
* Strike In July. 1899.
Det. Gr. Rap. & W. July
113,426
41,0^3
46,816
119,698
Jan. 1 to July 31
} Strike in June, 1899, from 10th to 25th.
.'='3,777
345
53,033
4,396
Flint APere Marq..July
Street Uailwaj Net Earniags.— In the following we show
10,090
374,954
35,048
370.706
Jan. 1 to July 31 ...
497 Doth the gross and the net earnings to latest dates of all Street
27.920 def.14,176
27,920
Worth & Den. C.July
Ft.
38,196 railways from which we have been able to procure monthly
195,440
197,503 def.52,689
Jan. 1 to July 31
61,424
returns. As in the case of the steam roads, the returns of the
July
63,070
Hocking Valley
631 different roads are published by us each week as soon as re10,745 def. 1,239
10,793
Kanawha & Mich... July
11,143 def.10,235 ceived, and once a month (on the third or the fourth Satur115,399
116.568
Kan. C. Ft. 8. AM... July
4,569 def.9,368 day of the month) we bring all the roads reporting together,
16,507
16.240
Kan. O. Mem. & Bir..July
46,235 as is done to-day.
69.871
65.456
61,128
Lake Erie & West . .July
298.521
422.203
395,125
Gross Earnings.
Ifet Earnings.
456.657
Jan. 1 to July 31
1899.
1898.
1899.
1898.
99,417 *169,C76 •168,369
July
113,243
Long Island RR
•208,603 *203,507 Amsterdam St. Ry.b. July
103,917
117,740
Long Island RR.8yB. July
5.451
5.566
2,105
2,325
Jan. 1 to July 31
285,539 df.108,858 df.164,629
33.214
30.551
286,840
9,603
7,839
Mo. Kan. & Texas.. June
487.095
437.679
Deo. 1 to July 31
37,881
35.148
10.611
3,430,411 3.427,170
8,596
July 1 to June 30
29,443
89,556 Atlanta Ry & Power. Aug
47,002
130,334
26,212
135,601
Hashv. Chat. & St. L.July
Jan. Ito Aug. 31....
3o6.127
152,197
81,862
186,255
176,986
190,599
Norfolk & Western.. July
Bay Cities Con.St.Ry.. July
9,407
9,916
4,234
4,077
Fhiladelphla & ReadingJan. 1 to July 31
49,589
48,625
13,289
15,911
17.155
756,154
146,786
July
772,000
All companies
19,080
10,595
18,975
11.763
263,460
222,068 BlnghamtonSt Ry..July
266,401
256,273
Pitts. C.C. &St. L... Aug
Jan. I to July 31....
91,878
90.553
30,322
35,861
252,520
754,823
2,049,204 2,236,683
Jan. 1 to Aug. 31
32,969
33,019
17,373
18,969
5,142
2,806 Bridgeport Traot'n. June
7.708
7,708
Grande Jnnct'n.July
Rio
Jan. 1 to June 30 ...
164,fe00
66,953
72,012
162,276
11.631
61,664
61,664
13,287
Deo. 1 to July 31....
July 1 to June 30....
355,338
167,484
335,781
152,788
371
17,833
17,923 def.4,146
Bio Grande South... July
Butlalo Railway b—
6.423
33,059
8,750
5,833
Bt. Jos. & Gr. Isrd...July
April 1 to Jane 30...
321,185
306,361
175,032
142,156
22,425
Jan. Ito June 30....
647,184
18,908
18,908
27,788
633,581
331,533
301,897
San Fran. & No. Pac. .Aug
42,352 Cln. Newp. &Cov... Aug.
37,816
55,259
37,816
July 1 to Aug. 31...
70,114
63,962
145,731
135,639
4,767
47,479
121,677
Jan. 1 to Aug. 31
464,411
46,563
433,138
1274,220
1223,532
Xenn. coal I, & RR.Aug.
138,746 City Elec.(Rome.Ga).. July
372,504
379,832
422,810
Jan. 1 to Aug. 31
2,741
938
2,847
686
*24,212
'1,517
Jan. 1 to July 31
15,417
39,834
13.835
3.447
41,538
2,165
Toledo & Ohio Cen..July
22,421
4,470
def.968 UlevelandElec.a...June
183,387
141,738
22,231
110,693
50,726
Tol. Peoria & West.. Aug.
44,842
Jan. 1 to June 30....
819,580
321,417
44,472
5,170 def.8,020
830,911
311,591
July 1 to Aug. 31
22,998
68,358
34,422
14,043
3,955 C0lnmbn8(O.)8t.Ry.Aug.
58,248
27,710
21.667
W.Va.Cen.& Pitts ...Aug.
Jan. 1 to Aug. 31....
500,716
24,372
12,303
276,508
229.149
45,983
446,587
43,334
Julyl to Aug. 31
Orosstown St. Ry. (Buffalo) b—
74,697
145,586
Wisconsin Central.. July
April 1 to June 30...
125,551
116.292
41,160
42,660
* After allowing for other income received.
261,238
Jan. 1 to June 30
228.452
89,463
77,825
Roads.
Chlo. Bnrl. & Qnlnoy July
Chlo. &E. Illinois.. July
.
:
.
I
I
.
—
.
.
.
—
.
.
September
THE CHRONICLE.
23, 1899.1
— Gross Earningt.1899.
$
113,771
114,603
614,877
Roads.
Denver City Tramw. July
Detroit Cit's'St.Ry. June
Jan.lto JuneSO....
Detroit Electric Ry. June
Jan. 1 to Jane 30....
Det. Ft.W.&B.I.Ry.June
Jan. 1 to JuneSO...
Dnluth Street Ry .June
Jan. 1 to JuneSO ...
Julyl to JuneSO....
Galveston City Ry.. Apr.
HatTisburg Traot'n. Aug.
Jan.l to Auz. 31....
July 1 to Aug. 31...
Herkimer Mohawk
«
33,931
205,531
17,855
95.543
20.022
101,499
215.856
18,799
33.173
207,959
67,724
1
3,899
24,843
to July 31....
KnoxviUe Traction..July
Traction
Aug
Jan. 1 to Aug. 31
liBliigli
July 1 to Aug. 31....
Lima Ry. (Ohio)
Aug.
London 8t.Ry.(Can.) July
Jan. 1 to July 31....
Lorain & Cleve. Ry. July..
Jan. 1 to July 31
Los Angeles Tract. June.
Jan. 1 10 June 30...
Mllw.Elec.Ry.&Lgt.Apr.
Jan. 1 to Apr. 30....
Muscat'eEl. Ry.,Ia.Aug.
Jan. 1 to Aug. 31....
July 1 to Aug, 31....
Newburg Electric June
Jan. 1 to JuneSO....
July 1 toJune30....
St.
OPERATIONS, EARNINGS, ETC.
*ari in
1899.
1898.
$
Ry.July
Jan. 1 to July 31....
Oct. 1 to July 31. ..
Hew Orleans City. Aug.
Jan. 1 to Aug. 31....
Pat^rson Railway... Aug
Jan. 1 to Aug. 31 Richmond Traction. July
Roxb'ghCh.Hill& N.May.
Jan. 1 to May 31....
Sohuyl. Val. Trac. .Mar.
Jan. 1 to Mar. 31....
Boranton Railway.. .Aug.
Jan. 1 to Aug. 31 ...
July 1 to Aug. 31....
Staten Isl. Elec.a.-.July
Jan. 1 to July 31...,
July
Toledo Traction
Twin Citv Rapid Tr.,Aug.
Jan. I to Aug. 31....
United Trac. (Pitts.). Aug.
Jan. 1 to Aug. 31....
Juiyl to Aug. 31...
Wilkesb.&Wy.V.Tr.May.
Jan. I to May 31
16,399
101,025
136,945
16,973
10,177
69,622
21,223
4,805
*1,056
39.716
11,468
51,407
J 2,873
77.008
150,263
602.446
5,652
3S,984
10,553
8,996
36,383
86,965
8.734
30,695
40,517
113,410
918,574
33,820
271,229
19,151
10,729
36,855
4,564
11,624
36,936
263,811
74,963
26,566
115.825
99,030
223,353
1,600,099
150,981
1,096,507
312,456
47,469
204,840
31,050
178,110
58,338
18,187
92,005
32,865
3,733
23,192
1,405
11,746
1.742
10,833
Miscellaneous
14,392
90,343
122,127
14,952
9,451
63,127
18,594
4,126
10,809
58,223
9,433
36,913
8,364
48,477
134,407
530,248
4,621
36,397
9,294
8,031
35,011
83,877
8,665
29,769
252
6,187
23,488
28,546
7,906
4,712
24,330
9,601
1,756
4,808
20,777
6.080
19,229
2.447
14,093
54.803
222,517
1.627
Equipment—
Locomotives
Passenger cars
Freight oars
Miscellan. cars
Operations-
5,815
12,233
6,942
6,090
26,781
10,073
2,126
def.4,476
1,385
7,825
3.^,673
107,380
896.668
36,519
245,950
13,022
8,892
34,151
4,459
12,349
34,213
247,554
68,543
26.988
112.860
85,055
186.713
1,389,265
131,089
999,996
271,650
42,421
194,745
28,085
2.563
15.398
67,839
270,998
1,901
10,337
3,072
2,615
9,521
36.177
4,819
8,766
10,332
39,741
369,753
18,806
124,040
9,599
4,200
9,091
588
860
18,489
128,389
38,716
14.437
27,419
48,826
130,506
850,047
86,071
592,929
180,9l)0
28,722
120,638
tonscar'dlm.*
Rate per ton per m
Passenger
Mail and express
.
.
$3,281,398
4,659,278
14,468,015
1,097,645
$6,282,923
3,443,885
12,036.786
1,103,595
OOOs omitted.
INCOME ACCOUNT.
1896-97.
$7,754,041
125.701
128,798
1896.*
$3,382,806
52,192
14,473
Total
$13,156,253 $10,889,793 $8,008,540
Deduct
Rental ot tr'ks, &c.
$208,560
$295,541
$282,021
Rental of Moj. Dlv.
232,430
Taxes
1,460 650
1,420,123
1,363,533
Interest on bonds.
4,992,148
5,188.132
4,608,358
Int. on adj. bonds..
2,053,840
2,053,840
1,540,380
Dlv. No. 1 on pref t
1 ,141,657
Miscellaneous
291,554
57,072
69,252
$3,449,471
1998-99.
1897-98.
Net earnings
.$12,90-,818 $10,707,765
Income from inves
145,935
104,029
Miscellaneous
103,500
77,999
—
ll,;i32
3,545
3,853
11,102
34,289
5,091
9,141
11,264
31.266
337,099
18,132
108,157
5,420
3.421
9,450
1,103
2,502
18,268
123,310
36,692
15,034
2,059
36,339
102,707
718,512
6S,513
518,966
149,705
22,787
Total
Balance, surplus
..
$10,109,911
$3,016,342
Chronicle
2,291,150
71,136
$9,053,204 $8,093,474
$1,836,589 def $87,934
$3,307,750
141,721
months only, Jan. 1 to June 30.
tDividend No. 2 on preferred ($1,427,071) was paid July 26, 1899,
GENERAL BALANCE SHEET JUNE
30.
1899.
1897.
Assets—
$
$
Railroad franchises, etc., incl.
Htooks, bonds, etc
392,265,329 389,308,060 386.498,855
Newacqui8ii'ns,RR8.& tennis.
880,088
SanFr. &San J. y. Ry. stock..
2,462,300
Cash, etc., in trust for red. of
equipment bonds. Series A..
293.670
307,670
342,757
Expenditures for improvem'ts 3,121,065
1,1H3,822
2,563,759
Expenditures tor extensions..
209,378
162,266
193,048
Expenditures for equipment.
135,757
589,283
101,751
Company's securities on hand. 2,531,732
2,037,734
2,917,516
Other securities on hand
605,178
385,622
388,386
Dep. for replace, of roll, stock.
100,172
21,5*25
Dep.und. Art.5of Gen. Mort..
47.675
400
Materials and supplies
2,860,778
2,000,721
1,160,965
Traffic balances
712,174
660,354
59.001
Agents and conductors
202,431
207,811
173,502
U. 8. Government
374,328
2 68,331
439,(64
Miscellaneous
1,923,155
1,585,115
1,957,838
Collateral loans
250,000
Cash on hand and in bank
5,526,438
2,566,694
2,569,551
Cash on deposit for coupons...
3,770
21,050
112,340
Prior accounts in liquidation..
15,592
52,237
107,944
108,811
414,603,595
Liabihties —
1898.
402,726,211
Common stock
398,116,680
102.000,000 102,000,000
114,199,530 114,199.530 114,199,530
Supplem't). 184,458,710 174,938,710 174,196,750
Rolling stock replacem't fund
485,0'/ 2
193,002
513,291
Rail renewal fund
240,05 4
Accrued taxes not due
69.=), 249
732,607
736,295
[merest accrued not yet due.. 3,359.778
1,210.877
1,200,957
Coupons not presented
179,380
179,250
129,499
102,000,00.')
Preferred stock
Funded debt
(see
Pay-rolls
Audited vouchers
Traffic balances
9.007
36.282
1,234
def. 1,241
14.1C0
36,843
196,239
17,273
46,610
1,557,781
1,451,738
985,878
Miscellaneous
Prior accounts in liquidation..
Profit & loss account(surpla8).
408,125
366,946
4,414,492
Total
—V.
.414,603,595
1,727,271
1,543,3*9
839,937
570,318
403,490
3,942,646
1,391,406
1,066,162
339,880
216,233
564,498
1,603,226
402,726,211
398,116,680
69, p. 541.
Northern Pacific Railway.
{Report for the year ended June 30, 1899.)
The annual report to be published next week shows income
account as follows
Gross earnings
Operatingexpenses
$2f-,018,6'73
12,349,452
1997—98.
$23,679,718
11.095,370
Net earnings
Lesataxes
ANNUAL REPORTS.
index, see
$154,101
109,066
682,297
*Six
.
Annual Reports.— Last
$5,595,837
3,202,085
12,221,072
1,052,282
$27,606,681 $28,506,336 $22,867,189 $22,071,276
$12,906,818 $10,707,765 $7,754,041 $6,928,322
72-69
74-68
68-14
Pet. of op. ex. to ea
7611
$13,699,221
750,133
$12,684,347
682,800
$12,949,08^
1,001,607
$11,901,547
887.196
.$13,950,695
2,176,619
6,140,793
$12,783,743
811,709
6,079,160
$5,633,282
$5,897,874
(4%) 3,000,000
1898-99
page
1122 cts,
Total
—
Jan. 1 to Aug.31 ....
UuitedTraot.(Pitt8.)Aug.
July 1 to Aug. 31....
l,74s.478
2,062,483
1-070 cts.
Net earnings
taxes.
9,727
9,125
51,436
71,875
2.033
2,187
10,691 def. 1,863
24,918
22,179
62,2'
65,864
522,273
310,707
51,240
33,085
74,620
103.095
2.779,555
1-029 cts.
$10,513,499 $39,214,101 $30,621,230 $28,999,597
.
Interest Charges and Surplus. The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with tfce
surplus or deficit above or below those charges.
^Bal. of Net Earn's s
lnt.,rent(Us,etc.
18fS,
1889,
1898.
18^9
$
Roadt.
9
$
14,150
12,062
Atlanta Ry.&Power.Aug.
66,161
86,036
Jan 1 to Aug. 31....
6,756
10,222
20,834
30,319
DanverCityTramw.July
9,079
72,604
2,167
10,954
23,908
68,234
539,310
52,986
106,280
269
$29,492,597 $28,588,717 $22,067,687 $19,626,994
8,126,142
7,347,362
5,574,288
6.269,683
2,424,350
2,207,889
1,870,548
1,869,643
470,420
1,070,133
1,108,707
1,233,278
Maint. of road, &c. $7,672,108
Maint of equip
4,810,796
Trans'n and traf... 14,035,783
General expenses
1,087,995
;
Aug.
Jan. 1 to Aug. 31 ..
Roxb'ghCh.Hill & N.May
Jan. 1 to May 31
July
Toledo Traction
Twin City Rapid Tr.Aug.
641
27,719
Earnings—
these items the total net in Aug.. 1899, was $33,669. against a delicit
of $839 and from Jan. 1 to Aug. 31. $174,960, against $112,936.
t Strike in Cleveland from June lO to 25.
Ry
625
2,893,011
1-019 cts
Ft.
,
.
28,698
m
•
Strike in July, 1899, accounts for decrease.
962
953
622
26,776
544
Pass's carried
4,383,961
4,001,078
3,536,968
4,175,500
Pass's car. 1 mile.. 356,783,683 325,6.'50,301 243,052,426 282.512,453
2-278 cts.
2-256 cts.
2-293 cts.
2-211 ots,
Rate per pas.per
Freight tons car'd. 10.334,167
9.979,510
8,207.325
7,718,598
Taxes and tolls in Aug 1899, were $12,062, against $36,478; and
from Jan. 1 to Aug. 31, $99,240. against $U-7,596. Afier deductma
Paterson
634
1895-96
6,465
1896-97.
6,899
Expenses—
106,453
103.817
553,974
32,123
193,687
15,140
87,678
16,707
96,529
201,812
b Net earnings here zlven are before deducting taxes.
t
1,036
649
28.486
647
Freight
1897-98.
6,936
1,083
Av. mileage oper..
27.590
53,875
263,872
10,108
61,882
6,176
34,114
7,447
44,617
98,423
a Net earnings here given are after deducting
*
1898-89.
7,033
»•
40,541
56,313
287,304
10,876
70,693
8,107
38,555
10,478
46,213
102,193
5,811
15,700
101,271
35,107
Total
InterSt Con.St.Ry.—
No.Attleb,Ma88.Aug.
Jan. 1 to Aug. 31
Oct. 1 to Aug. 31
New London
—
—fft
Illon.
& Frank. El. Ry.. July
Jan.
-
1898.
641
Sept. 16,
Balance
589.
Otherincome
Atchison Topeka & Santa Fe Railway.
Net Income
Betterments
CFor year ending June 30, 1899, J
Fixed charges
The report signed by President Ripley and Chairman
Surplus
Walker is printed in full on pages 648 to 652, and in addition the principal tables are also given. Below is a com- Dividends on pre !9rred
on common
for four years, the figures of operations in
parative statement
1895-6 including the six months prior to the reorganization
for the purpose of comparison.
i
Finalsurplua
69, p. 441-
—V.
(4%) 3,000,000
(2%) 1,600,000
$1,033,282
$2,897,874
THE CHRONICLE
642
Long Island Railroad.
Report for the fiscal year ended June 30, 1899. J
C
The remarks of W. H. Baldwin, Jr., President, are given
at length on pages 653 and 65i.
Statistics.
—The earnings, etc., compare as follows:
OPERATIONS, EARNINGS, ETC.
1898-9.
1897-8.
1896-7.
Miles of roa<i June 30.
Equipment—
379
379
375
Locomotives
Passenser cars
161
515
163
495
148
471
1,212
17
1,217
1,274
15
Freight, &c., cars
Ferry-boats, &c
17
1898-9.
Revenue passengers carried
Revenue passengers carried one mile
Rate per passenger per mile
Tons revenue freight cmried
"
"
"
1 mile
Rate per ton per mile
Earnings—
l«<97-8.
11,777,205 11,386,772
167,273,504 154,185,077
1-53 cts.
1-49 cts.
1,- 89.679
1,600,236
38,383,247 35,917.435
3'75 cts.
3-64 cts.
1898-9.
1897-8.
1
896-7.
$2,492,783
1,397,176
Freight
732,516
and miscellaneous.
Mail, express
$2,361,219
1,34H,081
623,894
$2,193,654
1,167,963
593,247
$4,6J2,475
$4,333,194
$3,954,8f4
$520,3 44
4J3,449
2,199,737
147,840
$4P0,243
376,524
$442,610
300,250
2,025,114
127,492
l,87a,728
112,362
$3,311,370 $2,989,373
$1,311,105 $1,343,821
$2,723,950
$1,225,914
Passenger
.
Total
Expenses
—
Maintenance of way and struct.
"
" equipment
Conducting transportation
General
Total
Net earnings
Per cent op. exp. to earnings
Net from terries, coupes, etc
Interest on Investments
. .
(71-64)
(68 99)
141,891
20,107
119,389
10,480
110,137
$1,473,103
$1,473,690
$1,340,759
$624,096
322,800
202,957
73,177
$638,629
312,800
205,S65
72,521
$644,230
310,467
210,794
73.065
$1,223,C30 $1,229,815
Total
$243,875
$250,073
Surplus
N. Y. & Rookaway Beach rdsult.-.sur. 31,303 sur. 20,193
Prospect P'rk & Coney laid, result.. def 6r-,821 def. 50,498
$1,238,556
$102,203
def. 6,815
def. 54,338
RR. system
$211,555
$213,570
GENERAL BALANCE SHEET JUNE 30.
$41,050
Total net income
Deduct—Interest on bonds
Rental of leased lines
Taxes
Miscellaneous
4,708
[Vol. LXIX.
—
Increase of Dividends. Until within the past six months
your directors have considered it wise to continue the dividend at the reduced rate adopted in 1893. Now, however, it
is their belief that the long-hoped-for improvement has come
to staj', and they have therefore decided to raise the rate of
the common stock dividend to $7 a share.
Safety Appliance i.—h^ss than 7 per cent of our freight
cars remain to be equipped with automatic couplers and
about 5 per cent of our locomotives with power brakes.
Second 7 rack. The constiuction of a second track
upon the main line of the Eastern Division, between Salisbury, Mas?., and Greenland, N. H,, it is expected, will be
completed not later than July 1 of next year at an estimated
—
cost of $400,000.
Use of Coke.
—
Within the past few months the New England Gds & Coke Co. commenced the production at Everett,
Mass., of coke of high grade, which was offered us upon such
favorable terms that the experiment of its extensive use in
passenger locomotives was at once undertaken. The results
have bten so satisfactory in every detail that its use is to be
extended to a larger part of the passenger service as rapidly
as the slight changes necessary thereto can be made.
Experience has demonstrated that its cost will not exceed greatly,
if at all, that of bituminous coal, while its general superiority
in steam-producing qualities, and its freedom from smoke,
dust, cinders and sparks justify the belief that the extent of
its introduction on other parts of the system will be limited
only by the quantity the manufacturer can supply.
Oil Sprinkling.
Sprinkling with oil has been applied on
about 400 miles of track where passenger traffic is most
dense and passenger trains most frequent. The cost is about
$100 a mile.
—
Statistics.— The statistics of operations, financial results,
have been compiled for the Chronicle as below.
OPERATIONS AND FISCAL RESULTS.
1S98-99.
1897-98.
1896-97
1895-96.
etc.,
Miles op"d June 30.
.
Surplus of L.
I.
1899.
Assets-
1898.
1897.
Road and equipment
$24,917,059 $24,242,157 $24,008,312
6,448,000
Leasehold estates
2,744,000
2,750,000
2,750,000
Ferry prperty
467,468
342,410
356,710
Exp., coupe,p'rlor-c'r,etc., equip.
582,475
Othercompanies'stocks&bonds.. 2,677,442
530,967
150,076
Real estate mortgages
409,797
175,997
305,010
Cash on hand
372,350
286,401
261,697
Duefromagents, iudivld'ls, etc..
223,7^4
141,801
95,396
Materials and supplies
434,000
353,500
307,000
P. P. & C. I. loan account
883,945
Expenses Un. M. bonds
209,236
96,464
45,416
All other accounts
1,513,755
1,690,525
Profitandloss
$39,937,157 $30,484,960 $30,351,034
Total
Liabilities—
Capital stock
$12,000,000 $12,000,000 $12,000,000
Funded debt (see Supplement).. 21,210,704 15,549,703 15,549,703
4,948 ,000
Securities leasehold estates
Equipment notes
291,238
Interest and rentals
Pay-rolls and vouchers
,
Miscellaneous and taxes
Profitandloss
574,884
116,911
223,2-!3
206,600
291,238
1,600,000
229,824
402,2.o7
78,012
69, p. 591.
Boston & Maine Railroad.
(Report for the year ending June 30, 1899
Operations.— Daring the last fiscal quarter a satisfactory
in general business conditions took place that
offset the decreases of the earlier months, and tjave a total
increase in receipts for the year, as compared with those of
the year preceding, of $106,679. The policy of expending for
general improvements all surplus earnings in excess of the
amounts required for 6 per cent dividends upon the common
and preferred stock, etc., has been continued. The larger
sums thus expended (aggregating $652,645), and included in
the year's operating expenses, were
New buildings and yards at passenger and freight stations, $69,667;
new steel bridges, $28,967; ballasting and raising 77 miles of track.
$66,735; new equipment, $372,350; train-safety appliances required
byU. 8. Statute, $114,925.
Additions to capital account has been made only to a total
of $663,226 on account of the following expenditures
Purchiiseof the property, rights and franchises of the Eastern RR.
in New Hampshire, $480,518; laud purchased, $126,102; separation
of grade crossings completed during the year, $62,927.
Purchase of Leased Lines. On June 1, 1899, the Eastern
Maine
RR. in New Hampshire was merged in the Boston
RR. To make this purchase, 4,801 875 1000 shares of new
Maine common stock was authorized to be ex
Boston
changed for the 7,3373^ shares of stock of the Eastern RR. in
New Hampshire. Through this purchase already consummated, and the proposed purchase of the Portsmouth <te
improvement
:
:
—
&
&
th.e Portland Saco & Portsmouth RR., annual fixed charae rectal payments to the amount of $158,640
Dover RR. and
will be forever discontinued, and your company will become
owner in fee of both of its main lines from Boston to Portland, of all of its terminals in the latter city, and of the
Rochester RR., the only other parallel line enPortland
tering Portland.
&
,
.
Total
New equipment and
air-brakes, etc
Total
Net earnings
P. c. of exp. to earns.
19,742,945
19,556,687
20,460,091
570,238
1,150,591
1,686,765
2,485,164
3,526,751
1,098,130
2,741,291
5P5,C34
1,265,813
1,671,468
2,523,016
3,552,623
1,087,704
2,613,753
597,275
1.314,913
1,082,790
2,412,876
538,764
1,300,166
1,754,726
2,610,870
3,606,153
1,5 05,036
2,749,561
444,265
429,017
782.417
13,748,644
6,141,963
Gen.ex.ottioe&prop.
Gen.exp.of.transp'n
Passeng.transp exp.
Freight transp. exps
Motive power exps.
Mainten'ce of cars..
Maint'ceof way,etc.
19,890,607
489,714
,
13,723,676
6,019,269
13,609,106
5,947,581
14,547.693
5,912,398
(69-12)
(69-51)
(69-58)
(71-10)
l,6-<4,807
2,f.31,428
3,5.=i6.000
699,221
740.204
691,401
684,963
6,841,184
6,759,473
6,b38,983
6,597,361
Sinking fund
Dividends
1,091,635
3,296,656
1,105,649
67,829
1,231,002
1,089,125
3,307,107
1,030,040
69,779
1,234,002
1,104,726
3,208,012
988,318
68,601
1,234,002
1.096,396
3,140,910
981,954
72,633
1,234,002
Total
Surplus over divid's
6,795,771
45,413
6,730,053
29,420
6,603,689
35,293
6,525,895
71,466
Rents, investm's etc.
Total
DeductInterest accrued
Rentals
$39,937,157 $30,484,960 $30,351,034
Total
-V.
isolobo
291.238
1,579,000
299,022
880,403
258,243
49,547
Real estate mortgage
Notes pay able
1,715
1,715
1,718
1,717
Operations—
Passengers carried.. 31,607,156 32,176,210 32.658,341 35,132,992
Pass'gers oar 1 m.. 497,027,126 485,787,694 483,987.417 507.608,954
Rate per pass, perm 1-715 cts.
1-742 cts
1-764 ots.
1 793 cts.
Fieight (tons) car'd. 10,644,376 10,271,875
9.892,705 10,247.029
Fr'ght (tons) car. 1 m. 719,460,569 688,351,187 688,011,072 676,082,534
Rate per ton per m. 1-430 cts.
1-482 cts.
1-450 cts.
1-530 cts.
Earnings—
$
$
$
$
Passengers
8,461,640
8,^38,278
8,522,202
9,099,273
Freight
10,286,339 10,201,910
9,975,436 10,343,123
Exp. and extra bag
735.318
733,163
719,401
696,645
Mails
346,748
346,232
323.572
321,OJO
!....
Taxes
GENERAL BALANCE SHEET JUNE
1899.
Assets —
$
30.
1898.
$
Construction and equipment
37,491,420 36,934,109
Stocks & bonds other companies 4,544,862
4,458,005
Boston & Maine stock
1,577,971
1,58 ,756
1.222.373
Real estate
1,116,457
Sieamer, elevator, etc
125,717
125,717
1,212,844
Cash
1,927.986
647,775
Bills receivable
692,687
868.512
786,046
Sinking funds
Materials and supplies
1.834,001
1,485,745
bue by agts., oo.'s, Indlvids., etc. 2,650,147
3,168,713
Improvem'nt acc't., leased roads
775,794
Central Mass. RR. construction.
258,531
9f^,477
86,106
Elimination of grade crossings..
454,«J3S
Miscellaneous
109,188
">
1897.
$
36,878,034
4,359,005
1,585,756
992,959
125,717
1 ,453,639
865,720
705,823
1,767,086
3,306,051
430.158
326,160
53,827,413
52,410,167
52,796,109
Capital stock (See Suitlement) 22,369,575
Bonds (See Supplement)
21,305,331
Real estate mortgage notes
594,800
21,889,000
21,392,30 7
597,800
912,834
38y,989
21,889,000
21,477,280
597,800
850.930
316,993
"395,830
190,168
456,238
965,803
1,177,258
150,000
685,723
786,046
431,420
453,783
Total
Liabilities
Current
—
bills
Unpaid wa<res
Fund to i>ay Bos. Lowell bonds.
Due companies, individuals, etc.
<k.
Divs. and interest unclaimed
Accrued interest and rentals
Rentals of leased roads JuljSundry lease accounts
185,946.
1..
1 II j ury f u nd
Suspense account
Sinking fund
Accrued taxes
Subscription Con.
and
loss
Total
-V. 69, p. 439.
451,447
970,340
1,177,677
150,000
791,003
86-<,512
453,695
<k
Imp. Fund Concord
Profit
863.031
320,623
620,000
696.731
Mon. stock.
& Mon. RR.
185,084
466,581
957,813
1,162,405
150,000
762,058
705,823
418,581
669,523
"249^08
"•276; 177
1,758,990
1,713,577
1,712,450
53,827,413
52,410,167
52,790,109
I
September
THE CHRONICLE
23, 1899.]
Boston & Albany Railroad.
("Report for the year ending June 30, 1899.
President William Bliss says in substance:
General Results. The balance carried to the credit of
Against this credit the sum of
profit and loss is $231,394.
$200,000 has been charged and credited to a special equipment account created in 1894, leaving the balance to profit
and loss $307,386. The earnings from freight have increased
$101,069, and from miscellaneous sources $3,113. The receipts
from passengers have decreased $20,715, making the net in
crease from all sources $83,467. The rates for the carriage
—
of freight still continue to decline, the rate per ton per mile
having fallen from 84-100 of a cent in 1898 to 78 100 in 1899.
Expenses have decreased $117,339.
Equipment— Improvements. —As to these he says:
Five hundred coal cars, each of 80,000 pounds capacity, and 10
locomotives have been purchased during the year. The money to pay
for the cars was provided by the trustees of the improvement fund
and the locomotives were paid for out of the current receipts. In
1894 1,000 freight cars and 10 locomotives were purchased at a cost
of $627,000 and charged to special equipment account, with a view to
charging this amount to income as soon as the receipts should permit.
The need for expenditures for improvemeiits in other directions,
especially for elimination of grade crossings, has been so great that.
no credit has been made to this account until this year. There has
been expended $326,733 for new stations, freight houses and other improvements out of current receipts. The inability to agree with the
local authorities in regard to the separation of certain grade crossings
is the reason for the small amount expended during the year for this
purpose. Important work in this direction will soon be undertaken
643
amongst the Indian tribes. This has disturbed the arrangements under which large tracts in the Territory were formerly used for pastures for cattle in transit, and has resulted in
a shrinkage of more than 100,000 tons in live stock. The
total tonnage, however, shows an increase of 25,675 tons.
The train movement was about 5 p. c. less than in the previous
year, thus affecting an economy of $210,057 in condusticg
transportation, resulting in an increase of total net earnings
Meanwhile the physical condition of the
for the year.
property has been folly maintained and improved, the expenditures for maintenance of way being about the same,
and maintenance of equipment in excess of the previous year.
Current earnings since the close of the fiscal year show
gratifying increases, viz July of $119,208 and August of
:
$193,881.
—
Financial, The company is free from floating debt. The
bonded debt hrs been increase 1 $220,000 of first mortgage extension bonds, issued upon 11 miles of branch lines connecting with Jefferson City. Mo., and with newly -developed coal
fields in Kansas and in Indian Territory.
Improvements,— Hxixvag the year 156 miles of road were
completely ballasted, 83 miles of embankment were widened,
and 40 miles of ditching completed; 13 miles of new sidings
were built. All the remaining wooden bridges between
Denison, Texas, and the three northern termini, St. Louis,
Hannibal and Kansas City, have been replaced with steel
structures capable of sustaining the heaviest motive power
and equipment; 24 new steel spans and 15 combination
and will require a large outlay.
bridges have also been erected in the State of Texas,
Lease. The directors of this company have agreed with
Competition. The current year has witnessed the collapse
the directors of the New York Central & Hudson River RR.
of the Kansas City.Pittsburg & Gulf RR a line built in comlease the property of the Boston & Albany RR. Co..
Co. to
with certain reservations, to the latter company, subject to petition with your railway, and which has been continuously
approval by the stockholders of both companies and to rati a reckless destroyer of rates. Presumably the conduct of
that property under any reorganization of the company
fication by the Massachusetts Legislature. The lease will be
submitted for action by the stockholders at a special meeting which may follow will result in establishing a more con-
—
—
,
—
Improvement Fund. The improvement fund has received
from interest and dividends $65,329. The money received
from the sale of the old station property on Beach St.,
Boston, and a parcel of land on the corner of Exeter and
Boylston sts., Boston, amounting to $7.34,000, has been paid
into the improvement fund and charged to the trustees, and
they now stand charged with $2,748,051. Theie
the Ware River RR, sinking fund of $165,467.
The
is
a credit to
operations, earnings, charges, etc., for four years were
as below given
OPERATIONS, EARNINGS, CHARGES, ETC.
1897-98.
1898-99.
Thus the maximum disturbance of the interests of your line may doubtless be measured by the history
of the past.
Statistics.
The comparative figures of operations, earnings, etc., have been as follows
servative policy.
called for the purpose to be held Sept. 27, 1899.
1896-97.
1893-96.
Passengers carried. 10,087,380 10,663,795 11,296,337 12,788,027
Passenger mileage.. 211,44=1,448 211,816,938 214,657,453 231,vi 99,428
Freight (tons) carr'd 4,8 47,148
4,122,412
4,563,662
4.130,955
Freight (t'ns) 1 mile. 564,622,874 511,297,681 449,059,917 438,975,620
Eariiinga—
$
$
$
$
Passengers
3,740,474
4,100,816
3,761,190
3,814,025
Freight
4,392,595
4,291,526
4,124,320
4,134,198
Mail, express, etc..
1,191,966
1,188,853
1,176,280
1,115.618
—
OPERATIONS AND FISCAL RESULTS.
1897-98.
1898-99.
2,200
Miles op. av'e.
1896-97.
1395-96.
2,197
2,197
2,147
Operations—
Pass. car'dNo.
Pass.car'dl m.
1,347,523
1,471,070
1,457,518
1,652,985
78,375,C02 S 9,837,595
82,422,598
89,525,500
2-144 cts.
2'319 cts.
2-358 cts.
R'tep.pas.p.m.
2 306 cts.
3,'.i36,906
Tons fre'tc'r'd
3,594,500
3,568,825
2,926,337
T'nsftcr. Im.l ,005,776,939 1,040,700,027 1,017,781,597 346,827,435
0-934 cts.
Rate p. ton p.
0-yl8 cts.
991 Cts.
0-b95 cts.
Earnings
$
$
Passengers
1,818.188
2,071,406
1,943,123
1,919,556
S,:i 88,544
Freight".
9,107,207
9,394,922
9,559,000
Mail,exp's,etc.
552,919
t92,'289
568,6d0
577,036
—m
9,325,035
9,241,569
9,114,625
9.350,632
Maint. of wav.etc.
1,274,848
1,4.'^3,695
Maintof equipm't..
934,574
Transp. expenses...
General and taxes..
3,5^1,222
907,017
838,0b2
3,636,562
866,662
1,902,610
621,117
3,267,112
867,236
1,753,574
941,313
3,348,603
863,374
Tot. (incl. taxes)
Net earnings
Disbursements —
Rentals paid
Interest on debt-...
Dividen(i8(8p. c.)
Special equipm't
..
6,677,661
2,647,374
6,795,001
2,446,568
6,658.075
2,456,550
6,911,865
2,438,767
78.000
337,980
2,000,000
200,000
7«,000
337,980
2,000,000
78,000
337,980
2,000,000
78,000
337,9m)
2,000,000
2,615,980
31,394
2,415,980
30,588
2,41.-,980
2,415,9-0
22,787
Total disburs'ts..
Balance, surplus..-.
BALANCE SHEET JUNE
40,570
30.
1893.
S
Totaiassets
Liabilties—
Stock, common
Funded debt
Interest and rents
197,115
89i,566
223,650
851,500
422,375
1,719,528
1,4.S7,025
1,452,575
427,000
627,000
2,409,204
934,669
027,000
2,37f,000
962, 2il
2,748,051
1,343,237
165,468
37,415,843
Total liabilities
69, p. 382. 383.
37,415,843
Missouri Kansas
3,?
8,182,388
64,849
8.337.401
3,140,915
7,704,099
3,332,886
P.c. ex. to earn.
(67-16)
(73)
(70)
Taxes
Total
Other income..
754.9c>5
36,430,926
36,430,926
36,518,003
25,000,000
7,485,000
125,945
50l,7»j7
781,8P5
1,921.914
156.0-5
300,000
245,407
36,518,003
& Texas Railway.
{Report for the year ending June 30, 1899.)
President and Chairman Henry C. Rouse says:
Operations,— T^Q passenger earnings show an increase of
The freight earnings decreased $164,078, mainly due
$23,567.
to the conditions obtaining in the Indian Territory under the
recent legislation by Congress, Under the Curtis Act it was
made a misdemeanor for any one to hold and enclose more
than his individual proportion of the allotment of lands
11,036,957
1
^•fgfjiil- 7,419,813
601,344
255,8fcO
284,286
(68)
61,588
69,090
137,000
Total
3,979,093
DisbursemenlsInt. on bonds..
3,063,593
Rentals
366,817
3,933,939
3,277.915
3,332,886
3,061,760
365,400
32,013
3,061,760
365,507
2,983,960
332,534
Miscel. adjust's
Total
3,430,410
548,683
Assets
3,459,182
474,758
sur.
CONDENSED
sur.
BAL.A^fCE
SHEET JUNE
1899.
—
3,427,267
149,352
def.
3,316,494
16,392
sur.
30.
1898.
1897.
$
$
Road and equipment
141,151,443 140,837.309 140,850..573
Bonds and stocks
694.871
971,620
787,480
.583.861
Cash
519,239
712,934
Due from agents, iudivd'ls.&c.
582,154
590,559
410,699
Materials and supplies
396,683
718,112
454,734
$
13,180
Miscellaneous
143,697,150
143,108,038
143,470,293
Liabilities
Stocks (see Supplement)
68,462,500
Bonds and notes (see Supp't). 70,914,910
6^462,500
70,8=>0,477
1,483,177
300,033
144,066
1,334,359
210,821
861,443
1,243,132
538,889
155,119
785,676
63,462,500
71,001,994
213,637
363,507
1,591,057
776,316
250.362
310,919
.143,697,150
143,108,058
143,470,293
Total
25,000,000 25,000,000
7.485,000
7,485,000
123,495
123,495
Dividends and interest
510,222
504,256
Ledger balances
711,221
567,979
Improvement fund
2,748,051
1,948,722
Sinking fund and miscellaneous.
165,468
160.481
Grade crossings
365,000
365,000
Profit and loss
307,387
275,993
-V.
8,012,829
3,917,505
Maint.of equip.
Gen'l expenses
$
Road and equipment
27,514,117 27,514,116 27,514,116
Hudson River bridges
475, 4S5
475,485
475,485
Other permanent investments..
1,931,276
1,931,276
1,931,276
Duefromoomp'n'sandindivid'ls
Real estate
Special equipment
Improvement fund
Cash
Sinkingfund
4,809,314
1,322,650
934,991
675,706
270,168
5,123.3&2
1897.
$
Materials and supplies
11,478,314
5,019,371
1,324,052
900,506
66^.300
273,160
—
Expenses
Conu't trans'n
Ma'ntn,of way
Balance
1899.
Assets
12,047,237
Net earnings..
Total tarnings..
11,930,334
Total
—
St.W. Stable Car Line.def.pays.
Jnt. dueandint. acc'd not due.
Vouchers and pay-roUs
Improvement account.
Miscellaneous
Income account
Total
— V.
213,244
844,831
69, p. 382.
Union Traction Company of Philadelphia.
(Report for year ending June 30, 1899.)
The annual report shows a surplus after paying all
fixed
charges of $617,073, or a gain of $593,453 over the previous
year. During the year a call of $5 per share was made on
the stock of the company, the proceeds of which were used
to pay for Hestonville Mantua & Fairmount R.R. Company
stock previously purchased, and for new construction work.
The expenditures on capital account during the year aggregated §3,154,047, of which $296,097 was derived from earnings and $2,999,865 was received ^rom instalment on shares,
THE CHRONICLE,
644
balance, miscellaneous. The $3,154,047 was expended as
follows
Purchase of stock of underlying companies (see above), $2,387,520
extension of leased lines, $253,714; other construction work, $341,492 advances to leased lines, $111,655 real estate, etc., $59,667.
Extensions aggregating 5}^ miles in length are proposed.
If
Earnings, Etc. The company's earnings and balance
sheet compare as below. The Hestonville System is included
after Jan. 1, 1898.
1896-97
1897-98
1898-99
238,939,3^3
228,102,758
No. passengers carried..
259,527,668
$10,381,015
Gross earnings
$11,793,858
$10,860,542
4,456,375
4,949,fc50
Operating expenses
4,793,363
;
;
[Vol. LXIX.
New York New Haven &
$7,000,492
242,408
Other income,
$7,242,900
991,101
int., etc.
Total net incom,e
Taxes and licenses
Fixed charges
$e, 404, 167
$6,515,062
894,737
5,595,704
110,895
5,634,7.26
$5,431,164
99,630
$5,530,795
913,389
5,469,(540
$24,620 def$851,93i
Operating expenses, including licenses and taxes, were
49'05 per cent of gross income, contrasting with 49-27 per
$617,073
Surplus
30.
1898.
1899.
Assets—
1897.
$562,261
21,709
235,976
4,365,927
58,604
1,689,778
279,167
22«,898
5,133,036
90,249
1,538,488
247,370
239,779
1,249.7«7
90,248
889,0 22
$14,755,573
$12,741,217
$9,499,676
$10,499,230
17,761
$7,499,365
1,197
$7,479,685
25,000
116,909
Cash, agents' hands
Fire insuraLce fund
Advances to leased lines.
Supplies
Const, and equip
$41,284
19,800
242,995
4,899,133
118,877
5,443,353
90,249
Cash
15,000
87,941
l.'i,000
1,859.406
1,333,774
l,298i614
1,321,743
67,403
1,4<15,306
$946,697
19,900
242,995
5,256,423
135,824
2,075,971
325,644
218,517
Real estate
Accounts recei vable
Stocks and bonds
Franchise account
Profit and loss
—
Capital stock
Inc. tire ins.
fund
Traction shares
2,074
Mtge. account
Acots. paj able
Equip, leased lines
Charges not due
Open accts., leased lines.
Due und'rly'g cos
Due leased lines
Accrued
2:i0,126
76,755
4,627
318,886
39.402
67,762
176
int
176
176
683,191
2,398,407
51,362
$14,755,573
$12,741,217
Trustee accts
Loans
Profit
and
1897-8.
1896-7.
30,322,737
1898-9.
$
$
Gross earnings
Expenses
*37,143,917
25,581,256
9,431,052
601,067
9,580,074
614.070
12,186,084
7,820.114
Total
Charges
29,623.331
20,043,256
11,562,661
623,423
Net earnings
Other income
20,fc91,685
10,032,119
6,112,481
10,194,145
6.315,901
3.919,638
Balance
Dividend
(8)4,158,688
(8)3,81-3,514
3,878,242
(8)3,803,514
Surplus.
207,282
116,124
74,728
4,365,970
* Earnings in 1? 98-9 include New England RR. and Shep. Litoh. &
Nor. RR., but not the steamboat lines. Upon the same basis gross
earnings in 1897-8 were $35,960,218. Results, therefore, show an increase for the late year of $1,183,699.— V. 69, p. 441.
Standard Rope and Twine Company.
BALANCE SHEET JUNE
Total
pub-
EARNINGS, EXPENSES AND CHARGES.
cent in 1897-98.
Liabilities
is
lished:
—
Net earnings
Hartford Railroad.
{Report for the year endina June 30, 1899.)
In advance of the pamphlet report, the following
loss
Total
$9,499,676
At the annual meeting the board of directors was enlarged and Alexander Balfour was elected as twelfth direcThe old members were all re-elected. V. 69, p. 284.
tor.
Texas Central Railroad.
('Report for the year ending June 30,
{Report for the year ending July 31, 1899.)
The report says that the full particulars furnished in
former years have been used by the company's competitors
to its disadvantage. It has therefore been deemed best to
give the operations of the company in less detail than heretofore. The substance of the report follows
Expenditures for the year for maintenance and repairs were $77,004; for interest on first mortgage bonds, $174.7-0; lor sinking
fund (retiring $43,000 bonds and leaving outstanding first mortgage
bonds of $2,912,000), $29,550.
The arrangement made with the Union Selling Co. for the sale of
our manufactured product has been most satisfactnry, as it has enabled us materially to increase our business. The Union Selling Co.
assumes all cost of selling, guarantee all of the sales and make us
cash advanccH to meet all of our business requirements.
The price of hemp has fluctuated widely during the year, and while
we have had some benefits from an adnanoe in price of fibre, a high
market value is not necessarily most advantageous to the cordage
manufacturer. Stocks on hand July 3l8t have been taken on a conservative basis and with an advancing market should show a profit
for the coming year. In addition we have a large amount of fibre
bought and to arrive, and at much below present market price. If
our stocks July 31st, raw, wrought, and in process, were valued on
Sept. 11th, they would show an increase in value of about $300,000
over inventory prices. Competition was severe and at times during
the past year prices for manufactured goods were not consistent
with the cost of fibre. Since July 3l8t we have made three advances
In our prices for manufactured goods.
On August 23d Mr. Wm. G. A. Turner was made director and presi
dent in place of Mr. V. P. Travers, resigned. On August 1st, 1899
A. W. Montgomery became General Superintendent of all our mills.
Current assets and liabilities compare as follows
STATEMENT OF CURRENT ASSETS AND LIABILITIES JULY 31.
:
:
Assets—
plies and sundrj' assets
Accounts and bills receivable
Cash
Sinking fund
1899.
Vice-President and General Manager Hamilton says:
The mileage of the railroad remains the same as reported
last year, although an extension of 39 miles west from Albany was begun in June, and $20,583 was expended in preliminary expenses, surveying, right of way, grading, etc.
Expenditures aggregating $54,861 were made for new steel
bridges, masonry, filling trestles, air-brakes and automatic
couplers, locomotives purchased, etc. The prospects for a
large cotton crop in the country tributarj'- to the line are
fully as good, if not better, than they were at this same period
last year, and the general conditions for business are very
satisfactory.
1898.
1899.
Raw and manufactured goods, mill sup-
Total
Liabilities
$1,859,862
*1,353,871
233,297
$3,447,030
1899.
t$l,827,931
1,619,099
Accounts and
bills payable
Surplus of current assets
Total
$1,967,912
1898.
$366,338
1,601.574
$3,447,030
—
$1,229,263
489,075
220,024
29,550
$1,967,912
'Guaranteed by Union Selling Company,
by $600,000.
t
Reduced since Aug. 1st
of current assets and liabilities is
according to the books by the Audit Company of New York, Thomas L. Greene, manager.
Tbe company's capitalization is Common stock, $12, 000,000 consolidated mortgage bonds, $7,500,000 first mortgage
bonds, $2,912,000, since August 1 reduced to $2,878,000 by
sinking fund.— V. 69, p. 339.
The above statement
certified as correct
:
The earnings and balance
sheet have been:
;
;
-T'rs end.
June 30-^ - Y'rs end.
Dec. 31-^
1899.
1898.
1897.
11-96.
$75,798
294,347
24,263
$67,713
274,293
22,760
$61,984
259,532
23,015
$64,549
$394,408
Gross earnings
Operating exps. and taxes.. 228,538
$364,766 $344,531
217,388
211,092
$293,415
209,127
Net earnings
Deduct—
Interest on bonds
Improvements
$165,870
$147,378
$133,439
$84,288
$17,75i
54,861
461
52,980
$15,625
64,519
7,616
39,735
$i=;,ooo
$15,000
28,790
703
39,735
Eartiitigs—
Passengers
Freight
Mail, express, etc
Miscellaneous
Dividends on pref. stock
•i:05,205
23,660
69,405
2.207
39,735
$126,056 $127,495 $126,347
$81,228
$19,«83
$39,814
$7,092
$60
Revenue per ton per mile 4'188 cents in 1898-99 against
3-9366 cents in 1897-98. Of the 107,976 tons carried in 1898-99
cotton afforded 23,850 (against 20,344 in 1897 98), lumber
18,361 tons (against 16,642), and live stock, 7,442, against
Total
Surplus
11,055.
BALAKCE SHEET JUNE
30, 1899.
Liabilities—
$4,338,900 New first mort. bonds.
285,000 Stock, common
11,222 Stock, preferred
Cashinbank
53,066 Pay -roll s
Due from KR.'s&oth..
1 2,708 Vouchers
Supplies on hand
Due RR.'s and others.
New air brake equip, on
2,219 Int. due and accrued.
hand
20,584 Income account
Western extension
45,040
Waco ter. property
Property account
Bonds in treasury
Total
-V. 69, p. 284.
.$4,769,339
Total
$6PiO,000
2,649,400
1,324,500
11,966
30,460
29,952
4,558
68,503
$4,769,339
GENERAL INVESTMENT NEWS.
At the request
many
we change
the arHereafter it will
Under
be divided into two classes or departments.
"Railroads, including Street Roads'' we group everything
relating to the railroads, whether steam roads, street railways or traction companies. Under "Industrial, Gas and
Miscellaneous" we give the news regarding all other comof
subscribers
rangement of oar Investment News.
panies of whatever
miscellaneous.
kind— gas,
electric light, industrial
and
RAILROADS. INCLUDING STREET ROADS.
Allegheny & Kinzua ViVi.— Abandoned, — As a matter
of
record we note that the New York State Railroad Commission, page 93 of the second volume of its report for 1898,
quotes an official statement as saying that the lumber on which
the road depended for traffic had given out, and that the rails
were being torn up and sold under order of court. V.68, p. 720.
Atlantic & Paciftc RR.— Atchison Topeka & Santa Fe
Pacific
committee representing Atlantic
Ry. The
RR. income bonds have negotiated a settlement whereby
Santa Fe Railway Co. will purchase
the Atchison Topeka
the income bonds at 2)4 per cent of their par value and also
defray the expenses of the committee. Deposits of income
—
—
&
&
September
THE CHRONICLE.
23, 1899.]
bonds should be made with the American Loan
V.
Boston, on or before Oct. 3.— V.68, p. 1032
;
&
Trust Co.,
66, p. 519;
V.
69, p, 541.
Baltimore
& Ohio Southwestern Ry.— Baltimore & Ohio
—
Ready. The new securities issued
Securities
Ohio
under plan for reorganization of the Baltimore
Southwestern Railway Co., dated Dec. 15, 1898, are being
delivered at the Mercantile Trust Co., No. 120 Broadway,
RR. New
&
& Westminster Bank, Limited,
See notice in advertising columns, and
terms of exchange in Investors' Supplement, under BaltiNew York,
its
and the London
London Agency.
more
& Ohio RR.
—
No
Deposits ."fter Oct. 4. Notice is also given that deOhio Southwestern
posits of the securities of the Baltimore
Mississippi, etc., loans) will be
System (including all Ohio
received upon the terms stated in the advertisement of Jan.
24, 1899, only up to Oct. 4, 1899, after which date no further
deposits of any of said bonds or stock will be received except at the discretion of the Reorganization Managers, and
upon such terms as they may fix.— V. 69, p. 383, 590.
Canadian Pacific Ry. Called Bonds.— Canada Central
Railway 5 per cent first mortgage bonds, as follows, will be
paid off at the rate of £105 per £100 bond on Oct. 2 at counting-house of Speyer Bros., No. 7 Lothbury, London, E. C.,viz.
Sixteen bonds of £500 each and fifty-four bonds of £100 each,
in all £13,400.— V. 69, p. 591.
Cane Belt RR. of Texas. Authorized to Issue Bonds.
The Texas Railroad Commission on Sept. 12 authorized the
company to issue bonds to the amount of $12,000 per mile on
28 miles of road from Sealy to Bonus. Eleven miles of this
from Bonus to Eagle Lake is under operation, and the other
17 miles to Sealy, there connecting with the Atchison and the
Texas, is graded and ready for the rails.
Missouri Kansas
An extension is proposed from Bonus to the mouth of the
Brazos River.
Central of Georgia Ry. Favorable Decision. At Eatonton, Qa., on Sept. 18, Judge Hart decided in favor of the
road the suit brought by the State of Georgia to annul the
Atlantic Ry., now known
purchase of the Middle Georgia
as the Eatonton Branch. This suit was based on a clause in
the State Constitution which prohibits railroad combination,
having the effect of lessening competition. V. 69, p. 491.
Central Paciftc RR. Reorganization Notice. Of the
total capital stock of $67,275,500, $66,960,300 has been deposited under the plan of readjustment dated February 8,
Holders who have not yet deposited their stock may
1899.
do so, prior to Oct. 4, on payment ot $5 per share penalty, in
addition to the assessment of $2 per share. See advertisement on another page V. 69, p. 283.
&
&
—
&
—
&
—
—
—
—
645
Ark. Funds for extension have been over-subscribed,
mostly by people at the company's headquarters in St.
Louis, captalists and institutions of that city. Contracts
for extension have been let, There is to be no assessment,
but an even exchange of the $500,000 old first mortgage 6 per
cent bonds for "new first mortgage 5 per cent semiannual 50 or 100-year gold of an aggregate bond of $25,000
per mile of the total of $3,312,500," Incomes ($500,000) to receive an equal amount of new capital stock at $25,000 per
mile. Stock ($500,000) to receive one new share for five old.
The road connects at Seligman, Mo., with the St. Louis &
San Francisco RR.
risen.
Grand Rapids & Indiana UR.— Maturing Bonds.— The
$893,000 first mortgage 7 per cent land grant bonds due Oct.
1, 1899, will be purchased at maturity by the Pennsylvania
RR. Co., in accordance with the agreement with the
Grand Rapids
Indiana RR. Co. Coupons on said bonds
will be paid, as heretofore, at the office of Winslow, Lanier
& Co., New York City.— V. 68, p. 615,
&
Illinois Central RB.— $7,500,000 Stock Sold.— The annual
report published last week states that since June 30, 1899,
the $7,500,000 stock held in the treasury has been purchased
by the bankers who obtained an option thereon several years
ago. The total authorized issue of $60,000,000 is now outstanding. See further particulars in V, 69, p. 594,
—
Kansas City Fort Scott & Memphis Uj.— Called Bonds.
First mortgage 7 per cent bonds or $1,000 each, viz., $32,000
of Fort Scott Southeastern & Memphis RR. and $7,000 of
Short Creek
Joplin RR. have been drawn and will be
paid at 105 flat on Sept. 27, on presentation (with coupons of
and from March 1, 1900, attached) to the trustees, Nathaniel
Thayer and Charles Merriam, at 50 State Street Boston. V.
&
—
69, p. 281,
Kansas City Pittsburg & Gulf RU.— Philadelphia Plan
Operative The reorganization plan of the Harrity Committee, dated Philadelphia Aug. 17, 1899, has been declared
operative, more than a majority of the first mortgage bonds
having been deposited, as well as other securities affected
thereby. The certificates of deposit are to be listed on the
New York Stock Exchange. See advertisement. V. 69,
—
—
p. 591.
—
Neio Treasurer. J. Andrew Harris,
has resigned as Treasurer to accept a position with
Ervin
Co., bankers and brokers, Philadelphia.
W. C.
Alderson, formerly purchasing agent, succeeds Mr. Harris as
Treasurer.— V. 68, p. 572.
Metropolitan Street Ry. of New York.— iSeaZ Estate Mortgage.- Oren Root. Jr., representing the Metropolitan Street
Railway Co., on Wednesday made to the Mutual Life Insurance Co. a three-year mortgage for $950,000, covering the
car stable properties at Park Avenue and Thirty- second
Street and at Madison Ave. and Eighty-fifth St., recently
purchased at a price reported as $1,350,000.— V. 69, p. 591.
Lehigh Valley RR.
Jr.,
&
Dividend on Common Stock.
dividend of aj^ per cent has been declared on the common
stock, payable at the office of Cuyler, Morgan
Co., No. 44
Pine Street, New York City, on and after Oct. 2, 1899. The
last dividend on the preferred stock was 3 per cent, Sept. 1.
Minneapolis * St. Lonis RR.— Illinois Central RR.
Mortgaue Filed. The company has filed its blanket mort- Regarding the current report that the Minneapolis
St.
gage to the Illinois Trust & Savings Bank of Chicago as Louis is about to be acquired by the Illinois Central, it is
trustee. Bonds in excess of $40,000,000 can be issued under officially stated that no negotiations to that end are pending
this mortgage only if authorized by a vote of a two-thirds between the companies, and it is not thought there will be
interest of the outstanding preferred and common stook.
any immediate cnange in the independent status of the
Conveyance of Subsidiary Line. There was also filed on property.— V. 69, p. 32, 589, 594.
Sept. 20 a deed of conveyance executed Sept. 1, 1899, of the
Mineola Hempstead & Freeport Traction Co.— ConChicago RR, to the Chicago &
St. Louis Jacksonville
struction Authorized. The State Railroad Commission has
S84, 591.
Alton RR. Co.— V. 69, p.
authorized the company to build a street railway from the
Chicago Peoria & St. Louis RR.— St. Lonis Chicago & St. village of Mineola to the village of Freeport, 11 miles.
Paul. Decrees Entered.— J ndge Allen in the U. S. Circuit Capital stock $125,000, par value of shares $50.
Court at Chicago has entered foreclosure decrees for the
New Orleans & Western RR. Majority of Bonds Deposabove named roads under their respective first mortgages.
The sales are expected to occur in November. Practically ited. The Peabody committee announces that a majority of
the first terminal mortgage bonds having been deposited
all classes of securities are deoosited with the Atlantic Trust
with the Colonial Trust Co., the committee will receive
Co. under the plan of reorganization (see plan V. 68, p. 723).
further deposits without penalty up to and including Sept.
V. 68, p. 976, 722.
35th. After that date no nonds will be received except on
Cincinnati Newport & Covington (Electric) Hy.— Exten- such conditions
as the committee may impose. The resion.
The Covington Cincinnati & Erlanger Street Railway organization plan was in V.
69, p. 440.
Co. has been incorporated with capital stock of $250,000, in
shares of $50 each, nearly all of which has been subscribed.
New York de Harlem RR.— Extra Dividend. The directors
The incorporators are identified with the Cincinnati Newport on Tuesday declared, in addition to the regular quarterly
Covington road, of which the new line will presumably dividend of 2 per cent on the preferred and common stock,
an extra dividend of $13 50 per share, as distribution of
be an extension. V. 66, p. 706.
Detroit & Lima Northern Ry.— iVb Sale. The report that $2,600,000 of the company's surplus. Both dividends are paythe St. Marys division has been sold to Charles N. Haskell able Oct. 2 to all stockholders of Sept. 23. The funds for the
and W. B Strang was denied to our representative yester- extra dividend were derived in part from the recent sale of
real estate to the Metropolitan Street Ry. Co. for $1,350,000,
day.— V. 69, p. 591.
OnJJune 30, 1898,
surplus was $3,076,378, and
Eureka Springs Railway. Deposits. Holders of securi- in addition to the the company's sold the company owned
real estate now
ties who wish to secure the benefits of the agreement of July
bonds of other companies to amount of §1,248,000.
12, 1899, are requested to deposit their holdings with the New
New
Vanderbilt was
York Produce Exchange Bank on or before Sept. 30, 1899, in elected Officers.— On Tuesday William K, Director
President and H, McK. Twombly a
to sucexchange for negotiable receipts. Committee
Richard C. ceed
Cornelius Vanderbilt. The office of Assistant SecreKerens, Charles H. Smith, Stephen B. Elkins, Edward D,
tary and Assistant Treasurer was also created, and Warren
Kenna, P. K. Roots and Uriah Herrmann, Room
16, N.
S. Crane appointed thereto,
V. 69, p. 591.
Y. Produce Exchange.
Extension New Mortgage for %3,212,500 Exchange of
New York Central & Hudson River RR.— New Director.
Securities. The road was built in 1883 and paid 6 per cent —William Rockefeller was elected a director on Tuesday to
interest to August, 1899, when long-deferred repairs necessi- fill the vacancy caused by the death of Cornelius Vanderbilt.
Usual Dividend— Books not to Close. The directors on
tated buying 1,800 tons new rails and incurring other expenses to put road in condition to handle business. Rails Tuesday also declared the usual quarterly dividend of 1 per
were purchased at several dollars under present prices. It is cent, payable Oct. 16, and adopted a resolution providing
proposed to exchange the 6 per cent bonds on 18}4 miles of that hereafter the stock books shall not be closed for the
old road for 5 per cent on total mileage of 1281.^ miles, the payment of dividends, as has been the custom heretofore.
110 miles to be built and to extend to lead mines at Har- V. 69, p. 542.
Chicago
& Alton RR.
&
—
&
—
&
—
—
—
—
&
—
—
—
:
A
—
—
—
—
—
THE CHRONICLE.
t^46
New Tork New Haven &
Hartford RR. -Formal Resigna-
tion of President.— At a meeting of the directors on Sapt. 15,
President Charles P. Clark formally announced that the state
of his health rendered necessary his retirement from office.
When the resignation will take effect was not determined,
but the selection of his successor is in the hands of:
President Clark. Vice-President John M. Hall, William Rockefeller,
J. Pierpont Morgan of New York, Geoi^e J Brush of New Haven,
Henry C. RoMnson of Hartford, Charles F. Choate of Boston ana W.
D. Bishop of Bridgeport.
The annual statement is given under '• Annual Reports."'
Quarter ly. —Earninga for the quarter ending June 30 were
Balance,
Interest,
Oross
Net
OlJier
3 nios. end.
surplus
taxes, etc.
income.
JuneoO— earnings, earnings.
1899
$10,008,929 $2,409,475 $14,435 $2,00(3,365 $417,545
864,088
1,484,545
1898
7,614,737 1,934,482 414.151
Earnings of New England RR., Shepaug Litchfield
Northern RR. and three Sound line properties are included
in 1898-99.— V. 69, p. 441.
United Railways Co. of St. Louis.— Trans/'er of Properties.— The St. Louis Republic of Sept. 16 says:
The minority stockholders of the St. Louis Railroad Company, or
Broadway Cable, have been unable to reach an agreement with the
officials of the United Railways Co., and that Hue has not been formally
transferred. All of the other lines composing the National Railway
system and the southern Electric Railway were turned over to the
United Company at the stockholders' meetings held Thursday and
yesterday. The National Railway Co. owns only a little over two-thirds
of the stock of the St. Louis RR. Co. The minority stockholders were
not satisfied with the proposition made to them. The outstanding
stock of the Broadway line is owned by James Campbell, Christian
Poper and several other?.—V. 69, p. 334.
:
&
New York
Outario
& Western By.— Scranton
—
Coal Co.—
Issue of Notes on Account of Coal Property. The annual report of the New York Ontario & Western Ry. Co., published
in the Chronicle last week (pages 603-4), states the facts regarding the acquisition of the coal lands of the Lackawanna
Steel Co. by the Scranton Coal Co., and the issue by the
Iron
Western in connection therewith of
New York Ontario
$2,500,000 of 5 per cent notes secured by first mortage on the
coal property; also of $1,000,000 four per cent bonds and $500,
000 bills payable, against a note of the coal company for $1,475,000, secured by second mortgage on the coal lands. The
railway by the operation gets a large additional coal tonnage
for many yeai s to come under an exclusive contract. The coal
company is expected ultimately to take care of all the obligations created.— V. 69, p. 590, 603; V. (58, p. 429.
Northern Pacific Railway.— Fear's Results. Extra Divistatement submitted to the
dend Under Consideration.—
Board of Directors on Wedilesday showed that from the
revenues of the fiscal year ending June 30, 1899, the company, in addition to meeting its fixed charges and paying 4
per cent on the preferred stock and 2 per cent on the common
stock, had expended $2,176,619 for all additions and betterments, and still had remaining from said revenues the
sum of ,$1,033,283, to which should be added the surplus from
the previous year of $387,703, in all $1,420,986.
In view of this showing, and the fact that "the business
prospects of the company for the present year as reported by
the President are favorable," it was resolved, "that the Executive Committee be requested to consider and report to this
Board as to the expediency of paying in February next, that
being the time of the payment of the semi-annual dividend
on the common stock, not only the semi-annual dividend of 1
per cent on said stock, but also an extra dividend of 1 per
&
&
—
A
[Vol. LXIX.
&
West Virginia & Pittsburg RB,.—Notice.— Brown Bros.
Co. have notified holders of Brown, Shipley & Co.'s cer-
the first mortgage 5 per cent bonds (issued under bondholders' agreement dated April 1, 1898,)
that in accordance with the circular of April 18, 1899, they
are prepared to return the bonds, which have now been
stamped in accordance with the agreement, to holders of the
certificates who deposited their bonds in this country.
V.
tificates of deposit for
—
69, p. 439.
Wheeling* Lake Erie RR.— Oncers.— On S-pt. 16 the
new directors were elected John Crosby Brown,
New York: George Coppell, W. E. Connor, New York;
Myron T. Herrick, Cleveland; Gen. George A. Girretson, H.
following
:
Mcintosh, Cleveland.
Myron T. Herrick was elected
and James Parmelee Treasurer.
The headquarters are in Cleveland.— V. 69, p. 592.
P.
Chairman
INDUSTRIAL. GAS AND MISCELLANEOUS.
Amalgamated Copper Co. First Dividend.— The company
on Thursday declared its first " quarterly dividend of IJ^per
cent and an extra dividend of 1^ per cent," payable Oct. 16
to stockholders of Oct.
and Treasurer, with
2.
Wm. G
office at 52
Rockefeller
Broadway.
is
Secretary
New York.— V.
63, p. 1223
American Hide & Leather Co.— Status of New Company.
board of directors was elected this week.
An estimate of the earnings of the new companv places the
net at $2,750,000. The annual interest charge on the $8,445,000 of bonds, the amount to be issued at present, calls for
$506,700 and the sinking fund $170,000, showing a surplus of
over $2,000,000. Of the stock capitalization of $17,500,000
—A permanent
common stock, only $13,000,000 of
preferred and $11,500,000 of the common have been issued,
of which upwards of $700,000 of the preferred and $350,000
of the common will be held in trust for acquiring additional
properties. The bonds not taken by the vendors, it is understood, will shortly be offered for subscription by Messrs.
each of preferred and
& W. Seligman & Co.— V. 69, p. 493.
American Steel & Wire Co.— New Acquisitions.— The com-
cent thereon."— V. 69, p 441.
J.
Pittsburg Cincinnati Chicago & St Louis Ry. Dividend.
semi annual dividend of IJ^ per cent on the preferred
shares was declared on Wedneso ay, making 3 per cent for
the year. The stock paid nothing in 1897 or 1898.—V. 68, p.
pany has purchased the plant of the Crown Point Iron Co.
consisting, it is said, of 20,000 acres of land, twenty seven
miles of railroad, two furnace stacks, and tenement property
1183.
at
—A
Uailvrsij.— Exchange of Bonds.— The
directors announce that a majority of the 5 per cent prior
lien bonds have been exchanged for the new 4 per cent
debenture stock, and that Sept. 29 will be the last day upon
which bonds will be received on the terms set forth in the
circulars dated May 18 and June 9 last; the cash bonus of
3 per cent mentioned therein will then be reduced.— V. 69,
Quebec
Central
p. 28.
Richmond Railway & Electric Co.— Sfaiws.-The "Richmond Despatch'' of Sept. 15 said: James N. Boyd, President of the Planters' National Bank, said yesterday that his
syndicate has merely an option on the property contingent
upon the willingness of the City Council to grant a franchise
according to the terms of the petition, which now lies before
it.
No member of the old company, it is stated, will have
any connection with the new organization. Mr. Boyd is
anxious that the City Council shall grant the franchise asked,
and says that the syndicate is prepared to give a first class
The bonds and stock are all held in New York,
service.
pending the action of the Richmond Council. V. 69, p. 591.
St. Louis Belleville & Suburban Electric Railway —SaZe.
The stockhplders will vote Nov. 10 at the office in East St.
Louis " upon a proposition to sell all the property and franchises of this corporation." V. 69, p. 542.
St. Louis S)uthwestern Ry.— Proposed Purchase.- The
stockholders of the St. Louis Southwestern Ry. Co. of Texas
(one of the constituent properties) will vote Oct. 6 on a
proposition to purchase the subsidiary line known as the
Tyler Southeastern Ry.— See V. 68, p. 1036 V. 68, p. 1227.
Southern Pacific RR.— Central Pacific RR.— Crocker Interest,— The despatch from San Francisco reporting the sale
of the Crocker holdings in the Southern Pacific system, said
to be some 340,000 fhares, to Huntington Speyer syndicate
c:uld not be confirmed in this city yesterday. As to deposits of Central Pacific stock under the readjustment plan,
see above.— V. 69, p. 231, 28i.
Staten Island Electric RR. Feorganization Notice.
very large majority of the first mortgage 5 per cent bonds
have been deposited pursuant to the notice of the Bull
Committee. The time for further deposits has been extended
to and including Sept. 30, 1899, after which date no bonds
will be received except upon such terms as the committee
may impose.— V. 69, p. 386.
—
—
—
;
—
—
York; also, Witherbee. Sherman &
Port Henry and Mineville, Essex
County, N. Y. The works are to be put in operation at once.
Dividerid.— The dividend of 1% per cent on the preferred
stock is pavable Oct. 14. 1899, to stockholders of record Sept.
29, 1899.— V. 69, p. 543.
American Wood-Working Machine Co.— it'ecetrer.- This
consolidated company, organized in Dec, 1897 (see V. 65, p.
1023), has been placed in the hands of its Secretary and
Treasurer J. E. McKelvay, as receiver, by the N. J. courts.
V. 66, p. 37.
American Window-Grlass Co.— Window Glass Consolidation.— At a meeting Sept. 15th it was "decided to finally
close up the deal '" for the consolidation of about fifty
window-glass concerns, and within the next two or three
weeks, it is expected, the cash payments will be made. The
consolidated company will be known as the American Window-Glass Co., and, it is stated, will have an authorized issue
of $17,000,000 capital stock, of which §4,000,000 to be 7 per
cent cumulative preferred. No bonds, it is said, will be
issued. James A. Cambers, President ot the American Glass
Co. the selling agency combine which the new company ab-
Crown
Point,
Company's mines,
New
etc., at
—
.
sorbs, fays
:
we regard as conservative, comparatively. The
takes in all the Important concerns of the trade,
the concerns that produce the best window glass at the lowest cost.
The aggregate of pots is about 2,000, outof a total of about 2,400 live
pots, including plants now being completed.
The financial end of the consolidation is being managed by
T. Hart Given, President of the Farmers' Deposit National
Bank of Pitsburg, and N. K. McMuUin. a prominent
broker. The Union Trust Co. of Pittsburg is registrar. V.
69, p. 335.
The
capitalization
new company
—
Bay
City (Mich.)
Gas Co.— Incorpoi-atcd.— This company
was incorporated
at Larsing, Mich, Sept. 16, to manufacture and sell gsi», electricity, etc. Capital, $2o0.C00.
Incorporators
S. K. Berton, R. G. Kennedy, L. C. Herckenrath,
York.
J. Dodd, J. E. Keeler, all of
:
New
Brewery Consolidation.— P/a?i to Unite the Leading
Plants of Several Large Cities Under One Control.— A plan
is afoot to acquire and coratnne leading breweries in several
important cities of the country. No monopoly is aimed
Strong financial interests are engaged in the undertakat.
ing presumably those closely allied with the whiskey and
tobacco combinations.— "Chicago Economist."'
—
September
THE CHROMirLE.
23, 1899.]
Carter- Crnine Co., Limited.— S<oc& offered.— A. E. Ames
Co., of Toronto, Ont., and Cleveland, Ohio, have been
offering for subscription at par $550,000 of this company's 7
per cent cumulative preference stock. The company is to be
incorporated under the Ontario Companies Act, v^ith preference stock $750,000 and ordinary stock $1,250,000 (par value
of shares, $100) to take over the business of manufacturing,
duplicating and triplicating merchants' sales books and
autographic registers and supplies therefor, heretofore conducted by the Carter- Crume Co., of Niagara Falls, N. Y.,
and Toronto, Ont. Public accountants state the profits of
the business for the year ending July 31, 1899, as $151,819,
against $141,638 in 1897-98 and $109,538 in 1894-95.
Colorado Fuel & Iron.— Circular in Full. The full
text of the circular regarding the proposed issue of $12,030,000
new stock will be found on pages 652 and 653. V. 69, p. 592.
Electric A'ehicle Qo.— Report.— The report for the eight
months ended Aug. 31st, to be cited another week, states
Earnings.- From patent licenses, $155,000; sale of vehicles, $412-
&
—
—
:
143; other sources, $6,388; total gross earnings, $573,541; total
net earnlnge, $533,247; dividends. $321,800;
expenses, $40,284
undivided profits, $208,447 cash on hand, $1,575,185 securities
other securities, $2,027,961
total
(market value), $2,268,000
treasury resources (including miscellaneous), $6,117,290.
;
;
;
;
Directors.
;
— The following directors have been elected
Shea and Joseph M.
Hill.
The
succeeded Rudolph Kissel,
W. W. Gibbs and Sigmund
last five
Taylor, Frederick Vieweg,
Lehman.— V. tj9, p. 228.
J.
Federal Steel Co.— CocZ Lands Reported as Purchased.
it is stated, has purchased 15,000 acres of
good coal land in Fayette County, Pa. V. 69, p. 592.
Lake Saperior Steel Co. Consolidation.— A syndicate has
arranged to unite under the title of the "Lake Saperior Steel
The company,
—
Co." the Wieconsiii Steel plant at West Superior, the Ironton
structural steel plant, built by James E. York, and the West
Duluth Car Works.
The new company
will, it is said,
Sharon Steel Co.— A^ew Enterprise.— A-pplicsition for a
charter for this company, it is announced, will be filed at
Harrisburg on Oct. 2, the capital stock to be $3,000,000. The
directors are Pittsburg and Sharon men. F. H. Buhl, former
owner of the Sharon Iron Works and the Buhl Steel Mill,
which were purchased by the Republic and National Steel
Land has been secured at Sharon
Co., will be President.
and an open hearth basic steel mill of 1,000 tons daily capacity, a blast furnace of 400 tons capacity per day and a finishing mill, it is said, will be erected immediately.
Standard
Consolidation.
Quarrying & Construction Co.—&ranite
— This company, incorporated at Trenton, N.
on Aug. 29, with a capital stock of $1,000,000, claims to
have a virtual monopoly and an unlimited supply of the best
white granite. Among the quarries acquired are the Pleasant Island granite quarry at South Thomaston, Me.; the
Bassick granite quarry, near South Thomaston; the Wood
Point quarry at Sackviile, N. B. the Port Jervis Blue Stone
quarry at Port Jervis, N. Y., and a small quarry, known as
the Black Diamond Granite, also at South Thomaston, Me.
The directors are: Henry
Blackmar, Walter J. Roberts,
Walter A. Roberts, Andrew D. Brown and Charles P. Sumner.
The company's offices are at 44 Broadway. The following officers have been elected
H. C. Blackmar, President W. J. Roberts, Vice-President and General Manager
W. A. Roberts, Treasurer C. P. Sumner, Secretary, and
Andrew D. Brown, Superintendent. Walter J. Roberts
formerly controlled the Mary's Point granite quarries at
Harvey, New Brunswick, and the Northport quarries at
J.,
;
C
:
:
Isaac L. Bice, Martin Maloney, Robert McA. Lloyd, John Jacob
Astor, George H. Day, Arthur Phillips, Thomas J. Reagan, Daniel H.
Talbot
647
have
a capitalization of $5,000,000, and more if certain other plants
shall be absorbed. Mr. York says:
It is true that the steel plants have been absorbed by the Lake
Superior Steel Co. We contemplate some large expenditures in extending the plants in some of their departments. We shall probably
be in position to manufacture anything required in iron and steel.
The properties are owned by a wealthy syndicate, and it Is proposed
to unite the three plants under one management in such manner that
they may be operated profitably and successfully.
The Wisconsin Steel Co. is successor of the West Superior
Iron& Steel Co., which was reorganized in 1897-98 perlplan
in V. 64, p. 136.
:
;
;
Northport, Nova Scotia. The company is now operating
only the South Thomaston and Pleasant Island, Maine,
quarries, where a large and complete plant is being put up,
but expects to operate its other quarries the coming spring.
All its deliveries will be made by steam vessels.
Sunset Telephone & Telegraph Co.— New Bonds.— This
California company, controlled in the interest of the American Bell Telephone Co., has authorized a new loan, of which
$2,250,0C0 will be applied to building extensions. The new
loan is secured by a consolidated mortgage for $3, COO, 000, of
which $750,000 reserved to retire at or before maturity the
existing first mortgage.
Union Steel & Chain Co. Misleading Statement as to
Directors.—
list of directors was given out a few weeks
ago (V. 69, p. 286).
It now seems that the gentlemen
selected were not consulted prior to their election. Mr. H.
L. Horton, we learn, never qualified
Mr. H. W. Poor has
resigned Mr. Frank Rockefeller, of Cleveland, also never
qualified. The latter's reply to our letter of inquiry follows
I was notified that I had been elected a director in the Union Steel
&: Chain Co.
I declined to serve as a director, and am not interested
in the company.
The company's office is at 71 Broadway. Harper & Co.
are the promoters. They are said to have taken possession
this week of the iron furnace at Big Stone Gap, Va., for the
new company. Pittsburg advices state that several of the
A
;
;
MonoDgahela River Consolidated Coal & Coke Co.— Issve
of Stcurtties.— On Sept. 19 the Union Trust Co. of Pittsburg
was authorized to issue on Thursday all the stock certificates
of the company upon the payment of the remaining 90 per
cent due. The permanent organization will be effected. Oct.
2.— V. 69, p. 336.
New York Air Brake Co.— Dimdends Resumed.— The
Wednesday declared " a quarterly dividend of 2
per cent " payable at the office, 66 Broadway, New York, on companies at that city, whose plants were mentioned as
Oct. 5th, to stockholders of Oct. 2d. This is the first divi- under option, deny that options were ever given. V. 69,
p. 286.
dend since 1896.— V. 69, p. 442.
United States Flour Milling Co.— On Unlisted in New
Ohio Talley (Natural) Gas Co. of East Liverpool, 0.—
Torfc,— The company's shares were admitted Sept. 11 to dealPwrc/iased.— George W. Darr of Darr & Moore, Pittsbarg
brokers, representing a syndicate, has purchased control of ings on unlisted department of the N. Y. Stock Exchange.
the property for a price said to be about $400,000. The The sudden break on Wednesday in the prices of the company's stock is attributed by the company's officials "pri" Pittsburg Gazette " says:
The company supplies East Liverpool and surrounding country. mal ily to the death of a large mill representative [presumaThe new people announce that a 60-mile pipe line will be built to the bly Charles A. Pillsbury], who was at work on a deal to adCameron, W. Va.. field from Midway. The only other company in the vance the business of the company. His death released a
neighborhood of East Liverpool is the Bridgewater Gas Co., and it
was withdrawn from the potteries a year ago on account of the rapidly large block of stock which was for sale. Efforts are oeing
failing supply of gaa.
made to fix up the matter, and insiders say it will undoubtConfirming the above, Mr. Darr writes: "It is the inten- edly be done."
tion to give East Liverpool better gas service than ever beExchange of Sfocfc. —Hecker-Jones-Jewell Milling shares
fore.
There will be no bond issue or liabilities of any kind. can be exchanged for the new company's securities at the
The company is on a solid financial basis and iu position to Franklin Trust Co., Brooklyn, and at room 207, Produce
anticipate all payments for the purchase of new pipe, etc."
Exchange Building, New York. The basis of exchange, it is
Pennsjlvania Steel Co.— Dividend. The company has stated, is share for share. V. 69, p. 29.
declared a dividend of 1%^ per cent on its preferred stock,
Walker (Manufacturing) Company— Westinghouse Electhe first dividend since the reorganization.— V". 68, p. 568.
Asked For.— The
tric & Manufacturing Co.— Receiver
Pittsburg Coal Co.— ConsDlidation Assured.— The neces- Standard Trust Co. of New York, as trustee, has applied
sary amount of stock having been subscribed, the under- for a receiver for the Walker Manufacturing Co. of Clevewriting agreement has been declared effective. The con- land, under the second mortgage for $1,175,0C0. The company
is operated by the Westinghouse Company, which owns
solidation is therefore assured. V. 69. p. 593.
most of the capital stock, and. it is supposed, is foreclosing
Pittsburg Stove & Range Co. — Directors.- Directors are
Frank Anshutz of the Anshutz-Bradberry Co.. Geo. Bissell ofJBissell this second mortgage in order to get clear title, V, 68, p.
& Co., James T. McKee of Graff & Co., Chas. H. Bradley of A. Bradley 87 V. 69, p, 452.
<k Co., John A. Rowe of De Haven & Co., John S. Graham of Baldwin
Westinghouse Air Brake Co.— Extra Dividend.—The
Graham and Wm. T. Bradbetry of the Anshutz-Bradberry Co.
company has declared its regular dividend of 3^^ per cent
The concerns to be taken over were shown in V. 69, p. 388.
payable Oct. 10 to
The total producing capacity, it is said, will be about 60,000 and an extra dividend of 7K per cent,
stock of record Sept. 25.— V. 69", p, 442.
stoves and ranges yearly. It is thought the main office will
be in Pittsburg.—V. 69, p 388.
The general tax law of New York as amended to the
Royal Electric Co. of Montreal.— iVew Stock.— The stockclose of the special session of 1899 which adopted the franholders will vote Sept. 26 on a proposition to increase the
stock from $1,500,000 to $3,250,000 for extensions, etc. The chise tax has been prepared in attractive pamphlet form by
shareholders, it is understood, will be allowed to take the Geo. C. Lewis of the State Comptroller's Office, Albany, N.
new stock at par, one share for every two held. Dividends Y., for the Union Surety & Guaranty Company, 390 Broadof 8 per cent per annum have been paid - Q. J.— V, 67, p. 902. way, New York City, and 1428 Chestnut Street, Philadelphia.
—Attention is called to the offering of De Bardeleben six
Seaboard Iron & Steel Co. Incorporated.— This company
has been incorporated in New Jersey. Office in the Corpora- per cent bonds by Jacob Rubino. The De Bardeleben is an
tion Tiust Co.'s Building, Jersey City, N. J. Capital, important part of the Tenneseee Coal and Iron Co.'s property.
$1,500,000.
Incorporators Samuel B. Sexton, John C. Hen—Messrs. Fisk & Robinson offer for sale $50,000 Chicago
derson, John C. Scott.
World's Columbian Exposition fours 1921.
directors on
—
—
—
,
—
—
:
;
<fe
—
—
:
THE CHRONICLE.
648
[Vol. LXIX.
GENERAL MORTGAGE BONDS.
The following is a statement of all General Mortgage
Bonds issued by this Company from Januarv 1. 1896, to June
THE ATCHISON TOPEKA & SANTA
RAILWAY COMPANY.
FE
FOURTH ANNUAL REPORT— FOR THE FISCAL YEAR
ENDING JUNE 30, 1899.
Office of The Atchison Topeka & Santa Fe Ry. Co., )
No. 59 Cedar Street, New York City.
^
September 6, 1899. )
To the St( ckholders of the Atchison Topeka & Santa Fe By.Co.
Your Directors submit the following report for the fiscal
year July 1, 1898, to June 30, 1899, inclusive.
The lines composing the Atchison System, the operations
of which are embraced in the following statements, are
:
1899.
Atchison Topeka & Santa Fe Railway.. 4, 687"81 miles
"
Gull Colorado & Santa Fe RaUway
I,l'.i7*8l
"
Southern California Railway
486*98
Santa Fe Pacitlc Railroad
80586 "
1898.
4,564-73 miles
1,087-60
"
7,108-46 miles
"
162-25
6,946-21 miles
Total
Increase
488 02
805-86
INCOME STATEMENT.
The following is a summary of the transactions
System for the fiscal year
"
"
30, 1899
:
Delivered to Reorganization Committee to be exchanged for Atchison Topeka & Santa Fe Railroad
Company General Mortgage Bonds surrendered, being 76 per cent of the amount of such bonds tlien
outstanding
$96,990,500
Issued to retire Guarantee Fund Notes
and other prior liens
$13,252,094 10
Issued till- acquisition of Atlantic &
Pacific Railroad (now Santa Fe Pacific) and for improvements thereon. 11,592,376 90
Issued for improvements and new acquisitions
7,952,529 00
32.797.000
$129,787,500
Total amount issued to June 30, 1899
2, lt<3,750
Of which the Company owns
:
Gross earnings from operation
$40,513,498
Operating expenses, including taxes, rentals and other
charges
29.332,964
$11,180.534
Keoeipts from other sources.
249,434
$11,429,969
Fixed charges
5,188.132
Net income
$6,241,-37
Accrued Interest on Adjustment Bonds
2,053,840
$4,187,997
Surplus from preceding year after deducting charges
shown in Prollt and Loss Account (page 651)
226,494
Total surplus to June 30, 1899
.$4,4 14.491
63
11
52
84
36
00
bt>
OO
36
56
92
Out of
this surplus your Directors
No. 2 at the rate of 1}^ per cent
have declared Dividend
on the Preferred Stock,
which was paid July 26. 1899. This dividend amounted to
$1.4W,071 25, and its payment reduced the above surplus to
$2,987,420 67.
FUNDED DEBT.
The refunding of the Guarantee Fund Notes of the Atchi.son Topeka & Santa Fe Railroad Company has been completed, and the mortgage securing them is discharged. The
moi-tgage securing the old Seven Per Cent First Mortgage
Bonds of the Atchison Topeka & Santa Fe Railroad Company has also been discharged.
Under votes adopted at the last Stockholders' Annual
Meeting conveyances have been executed, vesting in The
Atchison Topeka & Santa Fe Railway Company the title to
various lines of railway previously controlled by ownership
of securities, and this Company's General Mortgage is now
a direct first lien upon 2,2i9 miles of road. It is intended to
make
other similar conveyances for the purpose of unifying
the System. All the System mileage not directly owned is
subjected to the General Mortgage by pledge of stocks and
bonds.
The only-interest bearing bonds now outstanding upon
any railroads in the System (other than those secured by
the General and Adjustment Mortgages of this Company)
are the following
Chicago & St. Louis Ry. C), 141*40 miles
$1,500,000 CO
Chicago Santa Fe & California Ry. Co., 438-57 miles
(out of a total issue of $15,350,000, the remainder of
which IS owned by this Company and pledged under
its General Mortgage)
629,000 00
00
00
00
The maximum amount of bonds issuable under the Company's General Mortgage is $165,490,500. Of this amount
$20,000,000 was set apart for the acquisition and improvement of the St. Louis & San Francisco, Atlantic & Pacific
and Colorado Midland railroads, of which only $11,592,376 90
have been used as above stated.
Against the $3,000,000 per year from July 1, 1896, which
the Company is entitled to issue for improvements and new
acquisitions on the then existing system lines, there has
been issued since that date, as above stated, the amount of
$7,952,529.
of the
00
new
Bonds have been issued
acquisitions
made
to
March
for
improvements and
which are
31, 1899, all of
included in the foregoing statement.
A sale of $3,500,000 General Mortgage Bonds, completed in
July, 1898, was explained in the last Annual Report. There
were also sold of said bonds during the year $2,5 0,000 in
November and $3,0o0,(i00 in April. The purposes for which
General Mortgage Bonds were issued during the fiscal year
are stated in Exhibit D. Tdese issues cover expenditures
for Improvements and new acquisitions during the entire
period from December 31, 1896, to March 31, 1899, no bonds
having been issued on account of such expenditures during
the preceding fiscal year.
TREASURY.
The Company held in its treasury on June
following cash and securities, viz.:
30, 1899,
Cash on hand June 30, 1899
$5,530,207 61
3.136,909 23
Securities— estimated cash value (see page 651)
Total
No
$8.^67.11b84
notes or bills payable have been issued by this
pany or
the
Com-
its auxiliaries.
CAPITAL EXPENDITURES.
A detailed
statement of expenditures charged to Capital
Account during the fiscal year for improvements, extensions
and additions to the property and equipment, is given on
page 30 of pamphlet*. The following is a summary thereof
:
$706,' 44 39
For equipment
208,885 03
second track
413,162 76
ballasting and riprapping
39:^,303 52
culverts and drains
reduction of grades, changes of line and construc639,761 53
tion of permanent way
224,615 31
side and passing tracks
562,413 73
bridge and culvert masonry
384,58114
buildings and shops
101,699 46
right of way, depot grounds and real estate
286,159 69
other improvement work
$3,919,726 36
Total
Other capital expenditures were made as follows
For new acquisitions (Railroads and Terminals), de$880,088 35
tailed on page t51
For purchase of San Francisco & San .Joaquin Valley
2,462,300 00
Railway Company's stock
There was also charged during the year to cost of propsum of $766,143 06 for discount on General Mortgage Bonds. Per cuntra by order of the Board of Directors,
The total amount of bonds bearing fixed interest out- |50i),000 was written off from cost of Railroad. Franchises
standing June 30, 1899 (excluding treasury assets), and the and other property and charged to Profit and Loss (representing part of the discount on bonds sold since the organiannual interest charges thereon, are as follows
zation of the Company) besides the annual proportionate
Bonds.
Interest.
Chicago & St. Louis Ry. Co
$1,500,000 6%
$90,000 00 charge against income of $26,761 84 explained in the last
erty the
,
:
,
Chicago Santa Fe & CaL Ry. Co
Equipment Truat
General Mortgage
Total
amount
of
bonds
629.000
537,000
127,593,750
5%
5%
4%
31,4.'^000
26,850 00
5,103,750 00
$130,259,750
Fixed charges per year
Fixed charges per mouth
$5,252,0'0 00
437,670 83
The Company's Funded Debt
also includes:
Adjustment Mortgage Bonds (excluding those in the Company's
treasury)...
$51,346,000
4%
Total Funded Debt outstanding
$181,603,750
Total Interest on Funded Debt, Including Adjustment
Bonds, per year
Total Interest on Funded Debt, Including Adjustment
Bonds, per month
Amount of outstanding Bonds bearing fixed interest,
per mile of road owned J uniA 30. 1899
Amount per mile of road of all Funded Debt outstanding, including Adjustment Bonds
Fixed charges per mile of road owned
Interest charges per mile of road on all Funded Debt,
including Adjustment Bonds
$2,053,840 00
Annual Report.
IMPROVEMENT OF THE PROPERTY.
Permanent improvements upon the roadbed and appurtenances have proceeded vigorously, especially during the
In addition to the above
first half of the fiscal year.
amounts charged to capital, the operating accounts entitled
"Maintenance of Road and Structures" and "Maintenance
of Equipment " also contain large expenditures for renewals
by which the property has been permanently improved.
The result of the work which has been accomplished during
the last few years
is
economy with which
shown
traffic is
in the greater efiiciency
and
now moved, and will be inyears. Some of the principal
608,824 17
creasingly apparent in future
iten.s of work accomplished during the fiscal year are as
follows
248-96 miles of track, ballasted new.
18,221 05
16S-31 miles of ballast renewed.
13 39 miles of wooden bridges, trestles and culverts replaced
7,305,890 00
:
25,403 46
734 66
1,02196
by permanent work.
681-01 miles of new steel rails laid.
111-44 miles of second-hand steel rails laid.
496-00 miles of new fencing.
2,587,883 ties were laid during the year, of which 1,615,030 were
chemically treated.
September
THE CHRONICLE.
23, 1899.]
A double track has been completed between Emporia and
Florence, 45"73 miles, being a '•throat " through which the
through traffic of the Western and Southern lines, in both
directions, is concentrated.
Pursuant to an order of the City Council, this Company
has depressed its tracks at Sixteenth Street, Chicago, so as
to pass under those of the Lake Shore and Cliicago Rock
Island & Pacific railways, as well as the St. Charles Air
Line Railroad and Clark Street, thus" doing away with a
complicated and dangerous grade crossing. The share of
the total expense of this work contributed by this Company
was
$164,769 98. of which amount §61,738 was expended
during this fiscal year.
The work of reducing grades on the Gulf Colorado
Santa Fe lines is still in progress. The entire cost of this
work is estimated at §1,289,800, of which §990,433 97 has
&
already been expended.
EQUIPMENT.
The rolling stock of the System h^ been maintained in
good order. The capacity of a large number of cars has been
increased.
The amount charged in Operating Expenses for Maintenance of Equipment was apportioned as follows:
Per T.ocomotive
$2,031 "^2
Per Passenger Car (including Mail, Baggage and Express)...
714 78
7.S 68
Per Freight Car
detailed statement of the equipment in service on June
30, 1899, is given on page 41 of pamphlet report, aggregating 1,083 locomotives and 39,782 cars of various classes.
The work of equipping all cars and engines with automatic couplers and air-brakes has been continued as follows:
30 Locomotives, equipped with air brakes at a cost of.
$9,278 43
831 Cars,
48.6-4 93
A
6,538 Cars,
couplers
..
Total cost
191,941 12
$249,874 48
Of which amount there has been charged to Capital Acc't. $fi9,627 39
And to Operating Expenses
$160,247 09
There are now 27,026 freight cars equipped with airbrakes and 23,150 with automatic couplers, out of a total of
28,486.
ROLLING STOCK REPLACEMENT FUND.
The amount
to the credit of the Rolling Stock Replace30. 1899, as shown in the last Annual
Report, was $19«,001 98. To this amount there has been
added during the year the sum of $711,413 41, (including
charges to operating expenses representing the present cost
of new equipment corresponding to 23 locomotives and 615
cars torn down or otherwise destroyed) making a total
fund of $909,415 39 available for the acquisition of new
locomotives and cars. Of this fund there has been expended during the year for replacements as follows
11 Locomotives
$114,024 24
444 Freight Cars
163,105 89
12 Passenger, Mail and Baggage Cars
47,21 3 68
ment Fund on June
:
Total
$424,343 81
649
pany at the time of its purchase. Terminal facilities on the
west side of the bay in the City of vSan Francisco have been
acquired and vested in the Santa Fe Terminal Company of
California, the stock of which has been pledged under the
General Mortgage of The Atchison Topeka & Santa Fe
Railway Company. Floating equipment necessary for use
in the bay is under contract and in course of construction.
It is expected that through trains will be running between
Chicago and San Francisco by the close of the present
calendar year; and it is believed that when this road is
completed it will be self-supporting, besides controlling for
your existing lines a much larger share of transcontinental
traffic than they have heretofore enjoyed.
The operations of the San Francisco & San Joaquin Valley
Railway Company have not yet been taken into the System
accounts and its mileage is not included in the System mileage as given in this report.
The Wichita & Western Railway, extending from Wichita,
Kansas, to Pratt, Kansas, a distance of 79*77 miles, previously operated by an independent Receiver, was purchased for your Company at foreclosure sale December 31.
1898,
and
its
operations since that date are included in this
As the Atchison Topeka & Sante Fe Railway Company owned all the outstanding bonds, no real change of
report.
ownership occurred.
The Burlingame & Northwestern Railway is that portion
of the Manhattan Akna & Burlingame Ry. (which was sold
under foreclosure) extending from Burlingame to Alma, a
distance of 34-52 miles. It was acquired through the bonds
of the M. A. & B. Ry. Co. held by your Company on March
31, 1899, since which date it has been operated as a part of
the Atchison Topeka & Santa Fe Railway.
The Santa Rita Railroad Company was organized for the
construction of an extension of your Silver City & Northern
branch in New Mexico, from San Jose to Santa Rita, 3-98
miles. This extension has been completed, thereby reaching important copper-producing properties.
Another extension of the same branch from San Jose to
deposits of iron ore near Hanover, about eight miles, is also
under construction.
The Kansas Oklahama Central & Southwestern Railway
was projected to extend from Havana, Kansas, via Caney,
Kansas, and Bartlesville, I. T., to Collinsville, I. T., a distance of 56-50 miles. The projectors graded a considerable
portion of the line south of Caney, and as it seemed probable
that the road would be built and occupy territory naturally
tributary to your lines, it was thought advisable to purchase and complete it. The purchase was accordingly effected and work is now in progress. To avoid unnecessary
construction, arrangements have been made for the use of
the Missouri Pacific track between Niotaze and Caney, Kansas, instead of building between Havana and Caney.
The Kansas & Southeastern Railroad was built by a local
company from Hunnewell, Kansas, to a point about eight
miles south, and projected to run to Blackwell, Oklahoma,
and thence south indefinitely. It had already deprived your
The unexpended balance to the credit of Rolling Stock lines at Hunnewell of a considerable amount of business,
Replacement Fund June 30, 1899, was $485,071 58. Rolling and as its rotite lay through a productive and prosperous
stock is constantly under construction at the expense of agricultural country, it was thought advisable to purchase
this fund, thus substituting new equipment at present it and extend it to Tonkawa under the name of the Blackvalues for all locomotives and cars taken out of the ser- well & Southern Railway Company, making a total length
vice list.
In addition to the 11 locomotives above mentioned, 47
other locomotives were purchased during the year, and 48
of line when completed of 24*75 miles.
now practically finished.
locomotives were under contract on June 30. 1899, for
delivery during the three succeeding months, some of
which will be paid for from the Rolling Stock Replacement
Texas
Fund.
The Pecos Valley & Northeastern Railway was completed
and opened for traffic on February 10, 1899, and bids fair to
meet the expectations of your Directors as a valuable
feeder to the Atchison System. The collateral loan made
by this Company, mentioned in the last Annual Report, has
NEW
ACQUISITIONS AND CONNECTING LINES.
As authorized by the stockholders at the Annual Meeting
held in December, 1898, the Directors have purchased $2,462,300 of the Capital Stock of the San Francisco & San
Joaquin Valley Railway Company, being practically the entire Capital Stock of that company.
In view of the growing
importance of the traffic of the State of California, it was
This construction
is
The Panhandle Railway, from Panhandle to Washburn,
(14-73 miles), has been purchased at foreclosure sale
and its mileage added to the Southern Kansas Railway of
Texas.
been repaid with interest.
The California & Oriental Steamship Company opened its
January last, and it now has four ships in service
believed to be essential to strengthen the position of the between San Diego and Hong Kong, via Honolulu and
Atchison System on the Pacific Coast. Already owning a Yokohama. The business of this line has been good, and
line extending from Chicago to Los Angeles and San Diego,
the Company has every reason to expect a full share of the
your property had no adequate connection with the City oif constantly increasing Trans-Pacific trade.
San Francisco and the large and productive territory in its
COMPARATIVE STATEMENTS.
vicinity. The San Francisco & San Joaquin Valley road
The following is a comparison between the Gross Earnwas projected by San Francisco capitalists, and itsjconstruction began July 18, 1895. In July, 1898, it had been built ings, Operating Expenses and Net Earnings for the years
from Stockton to Bakersfield through the San Joaquin Val- ending June 30, 1898, and June 30, 1899
Increase or
Tear ending Tear ending
ley, 178-91 miles, including a loop line through Visalia, and
Decrease.
J'MMeSO, 1899. j!tMc30, 1898.
was being actively pushed from Stockton to the Bay of San
$
Earnings—
$
line in
:
Francisco at Point Richmou'^, the funds for the entire construction having been provided by the sale of its Capital
Stock to subscribers who paid for the same at par, and by
an issue of S6,< 00,000 First Mortgage Five Per Cent Bonds.
Bakeistield, the southern terminus of this road, being
distant 68 miles from Mojave, the nearest point on the
Atchison System, with a range of mountains intervening,
the construction of a connecting link would have been expensive, and it was thought expedient to obtain from the
Southern Pacific Company the joint use of its road between
those points, a contract for which has been made upon
Passenger
Freight
Mail and Express
Miscellaneous
Total Earnings
$
8,126,14185 7,347,36159
29,492.5fc6 H5 28,588,716 76
2,424,349 70 2,207,888 39
470,420 43 1,070,132 50
40^3,498 63
39.214. 099 24
J.
J.
7.216,46131
D. 599,712 07
J 1.299.399
.
Operating Expenses—
Maintenance of Road
andlStiuctures
7,672,107
MaiDtn'e of Equlpm't... 4,810,795
Transptor'n & Traffic... 14,035,7!*3
General Expenses
1,087,994
62 8.281,397 88
64 4,659,277 99
48 14,46«,014 58
61 1,097,644 67
terms mutually satisfactory.
Total Ope'ting Exp.27 ,606.6 81 35 2S. 506.335 12
The work between Stockton and San Francisco is being
12
vigorously pressed to a conclusion with funds in the treasury Net Earn, from Opera... 12,906,8 17 28 10,707.764
Percentage of Operating
of the San Francisco & San Joaquin Valley Railway Com72-69
68-14
Expenses to Earnings.
778,780 26
903,869 89
I>.
7.
7).
:^9
609,290 26
l''l,517 6o
432,231 10
i).9,650
06
D. 899,653 77
7.
2,199,053 16
D.
455
THE CHRONICLK.
6
A change in methods of accounting was made at the beginning of the fiscal year in the accounts entitled Miscellaneous Earnings. Car Mileage, Rental of Locomotives and
Cars. Rental of Tracks and Terminals and Switching, balances only beins stated instead of entering debits and
credits in full
If this change had not been made Miscellaneous Earnings would have increased $23,436 99 over the
previous year and Traffic and Transportation Expenses
would have increased $189,917 96. The amount stated as
Net Earnings from Operation was not affected by the
change.
The Gross Earnings of the System per mile of road operated were $5,760-99, an increase of $107-10 over the previous
year.
of the
System per mile of road
were as follows:
Year Ending
-Maintenance of Road ana
.?<?ie to, '99!
Striio-
ture^
Maintenancp
of
Tear Ending
Jwne
$1,09093
684 07
Equipment
Transportation and
General Expenses
being 3*47 per cent of the total receipts from all sources and
12-41 per cent of the total net revenue for the year.
United States Internal Revenue taxes
amounted
30, 98.
$1,193
671
2,085
158
1,995 81
154 71
traffic
Inc. or
Dec.
97
Z).
75
92
25
$103 04
1. 12 32
making a
to $47,128 95 additional,
of $1,460,649 99.
(stamps, etc.)
total taxation
RESULTS.
The following is a consolidated statement of the business
of the system for each fiscal year during the period since
January 1, 1896, when this Company took over the property:
Aver-
FlKcnl
age
Year
The Operating Expenses
[Vol. LXIX.
Erprnses,
Inrljidiiuj
hiciiiiii'
Otln'r
Til res,
Iilllt<llS
(Hid. Other
Sources.
ClKiryef.
Mt(f.s
EndiiKj
June
Enrninga,
Iiirhidhig
iri<ni
Oper-
30.
ated.
;8«6
Fixed
Adjust-
Interest
VUarges.
Interest.
ment
Sxirphm,
j^
%
$
S
%
6,464-1^ n,656,890 80 11,224,1129 742,291.14988
141,720 18
6,899- i8 :-.0,875,7'29 19 24,814,425 56 4, 608,858 03 1,540,380 CO (;/.87 ,934 10
6,936-08 39.:i9e.l2»41 3",513,55317 4,993,1483012,063,840 00 1,836,584 94
i7 03-2-6i: tO.762,933 47 29.332,964 11 5.188,132 00 2,053,810 00 4,187,9{)7 36
'
i
(«mos)..
1897
1898
1899
f
1
1
0.90 11
3 54
7>.
GENERAL CONDITIONS
Total
$3,92552
$1,109 89 1>.$18437
The average tons of freight per loaded car increased from
10-71 to 11-38. or 6-25 per cent.
The average tons of freight carried per freight train mile
increased from 142-03 to 161-54, or 13-74 per cent.
The average freight revenue per freight-train mile increased from $1-46078 to $1-64680, or 12-73 per cent.
The average passenger revenue per passenger-train mile
increased from $0-82961 to $' 1-88972. or 7-24 per cent.
The average total revenue per passenger-train mile increased from $1-07891 to $1-15516, or 7 percent.
Tons of freight carried one mile increased 113,456,247,
while freight-car mileage decreased 16. 501', 597 miles, and
freight-train mileage decreased 1,699,185 miles.
TAXES.
County and Municipal taxes paid
The State. Territorial.
by the System lines aggregated the sum of $1,413,52104,
There has been a fairly good maintenance of rates in the
territory served by your lines during the year, which is
attributable to the fact that business has been good on
nearly
all roads.
Nothing has transpired to change the opinion previously
expressed, to the effect that absolute rate maintenance and
freedom from discrimination between individuals and
localities cannot be obtained under the unwise restrictions
now
incorporated in our laws.
for business during the current year, so far
as they can now be forecast, are fully as good as for the
year covered by this report.
Credit is due to officers and employes for zealous and
The prospects
efficient service
E. P.
and loyalty to your
interests.
ALDACE
RIPLEY.
Chairman of
President.
F.
the
WALKER,
Beard of Dirtctors
THE ATOHISON TOPEKA & SANTA FE EAILWAT COMPANY— SYSTE3I.
Comprising The Atchison Topeka
Santa Fe Railway Company, Gdlf Colorado & Santa Fe Railavay Company, Santa Fe
Company and Southern California Railway Company.
&
Pacific RR.
GENERAL BALANCE SHEET JUNE
Balances
ASSETS.
JwneSv,
June
lfe08.
30,
18b9.
Railhoad Franchises and
Otheh PuofERTY, including
Balances
BaXarvees
Jtxne 30,
1898.
LIABILITIES.
Improvements
Common
$131,486,000
Less am'nt in Special Trust:
For acquisition
of Auxiliary
Lines
$10,800,000
For Improve
ments,Exten
209,378
689,283
2,861,7f2
sions, etc
6,486,470
17,286,470
3,919,726
AND Terminals (Exhibit B)..
San FRANrisco & San Joa quin
Valley Railway Co. Stock.
Funded Deht:
£80,088
$117,067,500
51,728,000
2,950,000
1,500,000
1,000,000
693,210
2,462,300
New York Security & Trust
Co., Trustee
Cash and Se
curities in Special Trust for Re
demption of Equipment Trust
:
General Mortgage i% Bonds
(ExhihitD)
$129,787,609
Adjustment Mortgage Bonds
Guarantee Fund Notes
Chic.
&
St. L.
Ry. Co. Bonds.
Equipment Trust Bonds
Miscellaneous Bonds
51,728,000
1,500,000
750,000
093,210
184,458.710
174,938,710
Bonds
307,670
114,199,530
114,199,500
New Acquisitions: Railroads
293,670
Balance carried down.
Balance carried down.
^,SSQtS72
$392,477,512
$400,658,240
.?400,66f",240 $392,477,512
Balanck from Capital Account
Sl.339.272
Securitik.s ON
*2.037.734
3^6,628
2.423,357
Hand
Company's Securities
mated valuei
Other securities
(est.
Bala nce from Capital
count
,
(Exh'tC)
Rolling
(esti-
value)
Deposit under Article Five of
General Mortgafte
47,fl75
Rail Renewal Fund
Accb'd Taxes not vet Due.
Interest on Funded Debt
1,210,878
179,380
2,860.778
Accounts Rkckivable
Agents and Condnctors.
U.
S.
Government
Miscellaneous
3,539.028
$1,727,271
1,643.389
839,937
670,318
$712,174
207,811
374,828
1,906.740
2,88f.964
»2,5fl6,e94
21,060
Collateral Loans.
CASH:
On Hand and in Bank
On Depdsit f<jr int. Coupons.
2,687.744
52.887
*ill,587,970
Pay
PAYABLE
:
Rolls
Audited Vouchers.
.
Balances
Miscellaneous
Traffic
$1,557,781
1,451,738
986,878
408,125
4,403,523
4,680,914
3,200,053
260,000
$3,359,778
179,260
1,390,2.58
17,416
:
Traffic Balances
736.295
:
Accrued, not due
Coupons, not presented
/VCCOUNTS
J660,354
202,431
439,004
1,686,116
485,073
240,064
21,625
Material and Supplies
Prepaid Insitranci; Premium.
13,618
837.126
Stock Replace-
732,607
.$3,136,909
Union Trust Co. op New York
Trustee
1,987,203
Ac-
ment Fund
198,002
*2,631,732
606,178
:
at
$102,000,000
Preferred
$392,265,330
.$3,121,065
Extensions
Equipment
30,
Capital Stock:
Expenditures for CoNSTRtrction and Equipment during Current Fiscal Year
$2,563,759
162,266
135,767
June
1899.
$102,000,000
Stocks, Bonds, &c., (Exhibit A)
?389,308,060
30, 1899.
Prior Accounts in Liqui
403.490
3,942,646
366.946
D.\TlON
Profit and Loss
:
Surplus..
4,414,492
5.526,438
3,770
5,530,208
Prior acc'ts in Liquidation.
16,5ȣ
$14,782,480
$11,587,970
$14,782,480
We hereby certify that we have e.xamlned the foregoing Balance Sheet and relative Income Account with the boolcs of the Company kept
New York, Chicago, Topeka, Los Angeles and Galveston, and that the same are correct. We have been provided with satisfactory certill-
cates from the Trustees as to the securities pledged under the different mortgages,
September 5th, 1899.
,
and we have also verifled the cash items.
PRICE, WATERHOU8E & CO., Auditors,
London, New York and Chicago.
Note.— $2,053,840, being one year's interest on Adjustment Bonds, payable November 1, is included in above statement of " Interest on
Funded Debt Accrued n«t Due" for the flscal year ending June 30, 1899; this interest was not included in the corresponding statement for
the previous year.
Septbmber
THE CHRONICLE.
33, 1899.]
GENERAL BALANCE SHEET-EXHIBIT A.
Railroad Franchises and Other Property.
Changes During Pistal Year.
Amount J«i2e 30, 1898, as shown in
last Annual Report
$389,308,059 93
Expenditures for Construction and
Equipiuent during liscal year ending June 30. 1898
Discount on General Mortgage Bonds.
GENERAL BALANCE SHEET— EXHIBIT
2,861.782 09
766,143 00
f392,93o,985 08
Deductions.
On Account
Atlantic
of
&
Pacific
Railroad Purchase
Proportion of Discount on General
Mortgage Bonds
(see
Amount Written
$18,8(!3 99
Income Acct.).
26,761 84
offby Vote of Directors (see Profit and Loss Acct.)
300,000 00
125,029 (ii!
Sundry Adjustments
670,655 49
$392,265,329 59
Includes $149,000 of bonds deposited with N. Y. Sec. & Trust Co.,
under agreement Aug. 28, 1896. Also Includes $2,251 72 fractions due.
GENERAL BALANCE SHEET-EXHIBIT B.
S. F. <£ S. J. V.
GENERAL BALANCE SHEET — EXHIBIT
Changes During Fiscal Year.
$8,2'4 99
22,211 87
61.773J'<)
ifc
& Northern
D.
General Mortcjage Four Per Cent Bonds.
By.)
Manhattan Alma & Burlinshame Railway
"Wichita &. Western Railway
Kansas Southeastern Railroad
Blackwell & Southern Railway
Burlingatne & Northwestern Railway
The Santa Fe Terminal Company of California
Silver City
C.
Securities in Treasury June 30, 1899.
Par Value. Estim'd Value.
County Bonds (Hamilton Co., Kan)..
$10,200 00
$10,200 00
Callfa. & East'n Ry.Co. 1st M. Bonds.
56,653 02
28,326 51
Kansas City Belt Ky.Co.lst M. Bonds.
25,000 00
25,000 00
Pueblo Un. Depot & RR Co. Cap'l Stk.
!-,000 00
8,000 00
Pasadena & Pac. Ry. Co. 1st M. Bonds.
63,000 00
56.700 00
Pecos Valley & Northeastern Ry. Co.:
First Mort. 5% Bonds
147,0C0 00
124,950 00
Capital Stock— Preferred
187,500 00 }
100
"
" -Common
187,500 00?
Pres. & East. RR. Co. Ist M.5Pb Bonds
66,000 00
66,000 00
U.S. of Mex.Int. Con Debt 396 Bonds.
1,100,000 00
286,000 00
The Atch. Topeka & Santa Fe Ry. Co.:
• General Mortgage 4>6 Bonds
2,195.001 72
:i,195,001 72
Adjustment Mortgage Bonds
382,000 00
313,240 00
Capital Stock— Preferred
25,800 00
15,480 00
"
"
—Common
44,500 00
8.010 00
$3,136,909 23
EXPENDITOBES DURING FISCAL YEAR FOR RAILROADS AND TERMINALS(Not Including
651
7.432
33,313
414,850
2,073
39,073
11,890
66,240
213,004
Railroad
Santa Rita Railroad
The Hanover Railroad
Pan-Handie Railway
The Kansas Oklahoma Central & Southwestern Ry...
80
36
00
12
00
50
00
75
$880,088 35
THE ATCHISON TOPEKA
<t
Amount outstanding June 30, 1898
Issued to take up Guar. Fund Notes.
$1 17,067,500 00
$3,45 6,000 00
. .
Issued to retire other prior oblisrat'ns
Issued for Santa Fe Pacific RR. (A.
524,000 00
*
&
*
P.
Purchase
& Improvements)
.
2,548.000 00
.
Issued for Improvements & New Acquisitions (other system lines)
6.192,000 00
12,720,000 00
$l,i9,787,500
Cover improvement expend's from Dec. 31, 1896, to March SINo bonds were issued on this account during preceding fiscal
year. Of above issues $2,15:3,750 are in Company's treasury.
*
1899.
SANTA FE RAILWAY COUP iNY-SYSTEM.
Including the Atchison Topeka & Santa Fe Railway Company, Gulf Colorado & Santa Fe Railway Cojipant, Santa Fe Pacitic
Railroad Company and Southern California Railwai' Cojipany.
INCOME ACCOUNT FOR THE FISCAL YEAR ENDING JUNE
Dr.
Operating Expenses:
30,
1899.
Cr.
Earnings
Passenger
Maintenance of Road and Structures. $7,672,107 62
Maintenance of Equipment
4,810,795 64
Transportation and Traffic
14,035,783 48
General Expenses
1,087,994 61
Freight
Mail, Express
and Miscellaneous.. ..
$8,123,141 8=i
29,492.586 65
2,894,770 13
$40,513,498 63
$27,606,681 35
1,460,649 99
208,560 48
Taxes.
Rental of Tracks and Terminals
Balance carried down
11,237,606 Si
$40,513,498 63
$40,513,498 63
Eonds
Interest on
$5,188,132 00
30,310 45
26,761 84
Advances
to Subsidiary Companiee
Proportion of Di^count on General Mortgage Bonds..
Balance, being Net lneom»for the year carried to Profit
and Loss Account
Balance brought aown
Interest and Discount
Income from Investments
$iT,2S7,6c6 Si
Land Department Account
'...
89,263 36
145 934 70
14,236 78
(net).
6,241,83736
$11,487,041 65
$11,487,041 65
PROFIT AND LOSS ACCOUNT TO JUNE
Dr.
30,
1899.
Or.
Interest on Adjustment Bonds for fiscal year ending
June 30, 1898, paid November 1, 1898
Amount written oflf from cost of Railroad Franchises
and other Property on Company's Books (representing part of the Discount on Bonds sold since the
organization of the Companv)
Dividend No. 1 on Preferred Capital Stock, paid Jan-
uary20,1899
Accrued interest on Adjastment Bonds for
ending June 30, 1899
Sundry Items chargeable in Readjustment
Balance carried down
$2,053,840 00
Balance brought forward from June 30, iSqS
Net Tnoome for the year ending June 30, 1899.
6.241.837 38
500,000 00
1,141,657 00
fiscal
year
2,053,840 00
20,654 00
4,4i4<4(}i
02
$10,18*,482 92
$10,184,482 92
Balance (Surplus) carried
NOTE.-Dividend No. 2 on Preferred Capital Stock paid July
Years Ending June
1899 AND 1898
General Balance Sheet.
30,
CLASSIFICATION OP FREIGHT TONNAGE (COMPANY MA.TE
RIAL EXCLUDED) FOR YEAR ENDING
JUNE
.30,
Products of Agriculture—
Com
FBEIGHT.
Fiscal r<<ic
Freight
to
Earnings.
June
June
30, 18S»K
30, 1898
Increase.
Decrease..
Number
Per Ton-
Mile.
Carried.
Average
Distance
Carried One
Tons
Miles
129,492,586 €5; 10,334,166-7i8,893,011,496
28,.if'8,716 76[
9.&79,509-6:2,779,555 249
$903,869 89!
.
354.6571
1
113.456,«47i
279-95
278-53
Rate Per
Ton Per Mile
in
Cents.
June30, 189P
June
30, 1898
Increase....
I>ecrea.<!e....
Number
Passengers
Carried.
4,383,961
4,001,078
356,783,683
385.950,304
$778,780 26
382,883
Total Grain
Flour
Other Mill Products
1,507,248
242.-58
71,509
131,219
1,452
Hay
Fruit and Vegetables
Cotton Seed and
139,224
its
Products
Total— Produo's of Agriculture...
31,133,379
81-38
81-39
02-878
02-256
14-59
295 623
512,5eO
Cotton
Number
Average
Rate Per
Passengers Distance Per Passenger
Carried
Passenner Per Mile in
One Mile.
-Miles.
Cents.
$8,126,141 85
7,347,361 59
181,'<94
Tobacco
00-010
Passenger
Earnings.
OtherGrain
01029
PASSENOER.
to
System, 1899.
Tons.
Per Cent.
376,750
949.204
01-OUl
1-42
.
FisccH Year
1899.
Whect
Tons
Number
$4,4t4.4Qr 9^
26, 1899, $1,427,071 25.
TRAFFIC MOVEMENT OF THE SYSTEM.
CojiPAF.ATrvE Statement for Fiscal
to
Products of Animals —
Live Stock
Dressed Meats
Other Packingr-House Products
Poultry, Game and Fish
Wool
Hides and Leather
2,901,093
2808
1,029,889
41,117
7'',456
22,278
22,436
16,462
00-022
oio-oi
Totel— Products of Animals
1,209,638
11-70
THE CHRONJCLE.
652
,
Products of Mines—
ABthraoite Coal
Bituminous Coal
Ores
Stone,
Sand and Other Like Articles
Total—Products of Mines
Products of Forest
>
234.020
303,818
500,802
Coke
3,216,780
—
Lumber
892,808
Mamifact tires—
181,775
71,417
29,765
90,642
Petroleum and Other Oils
Sugar
Iron, Pig and Blrom
Iron and Steel Rails
Other Castings and Machinery
BarandSheet Metal
Cement, Brick and Lime
Agricultural Implements
Wagons. Carriages. Toole, etc
Wines, Liquor and Boer
Household Uoods and Furniture
124,34
127,6e0
225,913
41,635
37,333
64,374
92,782
Total Manufactures
1,087,636
6? 6,964
339,248
Merchandise
Miscellaneous: Other Articles not Mentioned
Total Tonnage— Exclusive of Co. Business
...
FUEL DEPARTMENT.
System, 1899.
Per Cent.
Tons.
20,375
2,157,765
10,334,167
[Vol. LXIX.
The increased output of the Iron Department will require
a largely increased supply of Coal and Coke and will necessitate the opening of new mines and the building of additional coke OA^ens. The increased commercial demand for
Coke for lead and copper .smelters makes it imperative that
3113 the Company should build additional coke ovens at once or
stimulate new and unnecessary competition.
A very satisfactory return on the necessary capital can be
8 64
secured by the introduction of mining machinery, power
haulage and various labor-saving appliances at the mines;
and Bi-product plants, washing machinery, etc., at the coke
ovfns; besides materially strengthening the Company's position in years of depression and unbridled competition.
Should all of the net earnings of the Company be applied
to these purposes, it would require years to make the necessary improvements, during which time the Stockholders
would be deprived of all dividends.
If the proposed improvements can be provided for from
new capital, the Company can at once begin to pay off ar10-52 rears of Preferred Stock dividends and
a continuance of existing conditions will enable it to pay dividends on Common
665
3-28 Stock at the rate of 8% per annum even before returns can
be expected from the new capital. It will require at least
100-00 two years to make the proposed improvements and enlargements in the Iron Department, but some increased output
and reduction in costs can be secured at once.
Of the $12.0( 0,000 increase
Capital Stock, the requirements are apportioned as follows
m
COLORADO FUEL & IRON COMPANY.
;
Fuel Department
Iron Department
Auxiliary Plants
PROPOSITION TO INCREASE STOCK.
New York.
September
5th, 1899.
$3,000,000
5,000,000
2,000,000
2,000,000
-
Working Capital
00
00
00
00
To the Stockholders of the Colorado Fuel & Iron Company:
Referring to the enclosed notice of a special meeting of
Stockholders to be held September 25th, 1899, for the purpose of voting on a proposed amendment to the Articles of
Incorporation of the Company increasing the Capital Stock
$12,000,000 00
only proposed to dispose of the new issue of stock
from time to time, as the improvements can be made, and
proposals have already been received to purchase stock as
funds are required, at a price considerably above the present
from $13,f0i,C00
market
to $25,000,000, divided into S2,000.( 00 Preferred Stock (the amount of the present issue) and $23,000,000 Common Stock, being an increase of $13.0(i0.000 of Common Stock: I desire to call your attention to the purposes
and desirability of the proposed increase in the Capital
Stock of the Company.
IRON DEPARTMENT.
Up to the present time the Iron and Steel business
Company has been limited
It is
price.
All the indications are favorable for a continuance of the
present demand and prices for Iron and Steel, at least
throughout the current year. On that basis, the profits for
the current year are estimated as follows
Earnings for year ending June 30, 1899.
$1 100,000 00
150,000 00
Increas'e in Fuel Departinent Earnings
1,120,000 00
Increase in Iron Department Earnings
:
of the
immediately conWhich provide for
tiguous to the works, where the advantage of freight rates
enabled the Company to overcome the excessive cost of its Bond Charges and Taxes
Dividend $2,000,000 at 8 per cent
products, occasioned by limited output and old-fashioned Preferred Stock
Constiuctive Sinking Funds
appliances. The requirements of this territory have grad- Dividend on $17,000,000 Common Stock at 8 per cent
ually increased, till now they absorb the present capacity of
$2,370,000 00
to the territory
$440,000 00
1 60,000 00
300,000 00
,
the plant.
for the large expenditure ($500,000) made last year in
re-building the Rail and Blooming Mills and constant expenditures in various improvements, during the seven years
But
since the Company commenced business, it would have
been impossible to operate the works and meet the low
prices which have prevailed until recently.
At present prices' the Company can undoubtedly make
good profits on its Iron and Steel business, but it is not safe
to assume that these prices can always be obtained, and the
present seems to be a favorable time to put the business on
a more stable footing and to secure the full benefit of the
undoubted advantages which the Company has from the
geographical location of its plant and ownership and control of all the raw products entering into the manufacture
of Iron and Steel.
The maximum output of the present plant is 150,000 tons
of finished products per annum.
The nearest competing plants are The Carnegie Steel
Company, Limited, at Pittsburg, Pennsylvania, 1,500 miles
distant, and the Illinois Steel Company at Chicago, l,00u
Surplus
.
1,360,000
1
$2,260,000 00
110,000 00
$2,370,000 00
The earnings of the Fuel Department are based on current earnings, with a small increase which will result from
reduced costs by reason of increased output and introduction of labor-saving machinery a larger increase could
safely be counted on from the annual growth of this department of the business, which has shown a large increase in
tonnage and earnings from year to year during the past six
:
years.
The earnings of the Iron Department are based on an increase of $8 00 per ton over last year's earnings, which increase is a conservative estimate on the basis of current
prices and costs.
Provision is made for dividends on $17,000,000 Common
Stock to cover the possible issue of $6,0l 0,000 of new stock
during the current year.
It is not reasonable to expect that the present prices of
Iron and Steel products will be maintained indefinitely, but
with the increased production and reduced costs which the
proposed new capital will secure, the Company can continue
to earn dividends under the most depressed conditions. At
the lowest selling prices which have ever been known the
miles distant.
The*territory in which the Company has distinct advantage over all competitors, at equal mill prices, includes all
of the United States west of the Missouri River and south Company can earn
and east to the Gulf of Mexico, and all of Mexico. The con- $4 00 per ton on the $550,000 tons output of Iron and
sumption of Iron and Steel products in this territory ex$2,200,00000
:.....
Steel
900,000 CO
ceeds 1,500,000 tons per annum. The Company's plant is Fuel Department Earnin gs on basis of past year
$3,100,000 00
Total
1,000 miles nearer to the Pacific Ocean than any other and
therefore has a distinct freight advantage over all competWhich would provide for
itors in supplying China, Japan, Manila, Hawaii, Australia
Fixed Charges, Preferred Stock Dividends and Conand the West Coast of South America.
$900,000 00
structive Sinking Funds
To secure the full benefit of these advantages the Com- Eight per cent on $23,000 Common Stock
_ 1^8^,000 00
$2,740,000 00
pany must largely increase its output and reduce its costs
360^0JIO
Surplus
by use of all the latest labor-saving appliances.
!l<3, 100,000 00
The Company controls a practically unlimited supply of
The advantages to all classes of security holders are so
all the raw products entering into the manufacture of Iron
apparent that they need not be enlarged on to any considerand Steel.
In cost of manufacture, with equal facilitiesand increased able extent. The additional property and increased earnoutput the Company can compete with any other manu- ings will greatly enhance the value of the Colorado Fuel &
Iron Company's General Mortgage Bonds, and enable the
facturer in the United States.
build additional furnaces and auxiliary Company to fund the $2,800,000 Colorado Coal & Iron ComIt is proposed to
plants to increase the present output to 550,000 tons of fin- pany ()% Bonds, maturing February 1st. 1900, on favorable
ished products annually. As this output will be only about terms, particularly as the General Mortgage Bonds will then
one-third the requirements of the markets in which the become First Mortgage Bonds on the greater portion of the
Company has distinct freight advantages it is believed that Company's property.
The Preferred Stockholders secure the same advantages as
it can keep its plant in full and profitable operation under
the General Mortgage Bondholders from the additional
the most depressed business conditions.
September
THE CHRONICLE.
23, 1899.]
property and increased earnings, the payment of '32% deferred dividends and a practical assurance of the regular
payment of future dividends. The small amount of this
issue and limited am(iunt of Bond Charges, having a prior
claim to the earnings, will make the stock practically as
good as a Bond when the Company's requirements for improvements and enlargements are provided for as proposed.
The Common Stockholders can confidently expect dividends from current earnings and a large increase when the
proposed improvements are made.
The proposed plan is much more favorable than would be
the usual method of securing capital for improvements by
the issue of bonds or preferred stock, which would create
increased fixed charges ahead of the common stock, and
probably necessitate an additional issue of common stock to
be given as a bonus to the underwriters of the bonds or preferred stock.
The actual fixed charges ahead of the common stock will
be less than $600,000. a less amount than the Company was
able to earn under the most depressed conditions during its
existence, including the panic years of 1893 and 1894.
Attention is called to the fact that, unlike the recent consolidations and so-called Trusts in the Steel Business and
other lines, this Company will have only about one-twelfth
of its capital subject to preferred dividends instead of onehalf, as in the cases referred to, and that with the proposed
increase of capital the total capitalization is much less in
proportion to its property and production than any of the
large Steel combinations.
The total capitalization, including bonds, will be
Bonds
$6,950,000 00
653
The total charges to capital on account of additions and
betterments to property were as follows
Land and Land Damages
$34,527 12
Electric Road Construction (hetween Far Rockaway and
Rockaway Park)— L. I. R. R. proportion
15,866 31
:
Pa.ssing
Tracks
7,580 49
Buildings (Station at Edgemere, purchased from Lancaster Co.. and new Water Station at Matlituck)
Brooklyn Elevated Railroad Connection— East New York
(L. I. R. R. proportion) -balance
New Depot at Garden City (Stewart Line Improvement
Bonds)
Freight Yard at Jamaica (Including land)
Preliminary Expenses toward Abolition of Grade Crossings, etc
Brooklyn Elevated RaUroad Connection— Flatbush Ave.
Total Additions and Betterments— Roadway
Add for Montauk Extension (original construction)
Total Roadway
5 Freight Locomotives,
..
6,794 32
17,181 33
8,320 55
44,382 13
1,044 48
136,501 72
$272,198 45
1,832 80
$274,031 25
~|
1 Switching Locomotive,
16 Coaches,
55 Rapid Transit Coaches,
19 Combined Cars,
1 Rotary Snow Plow,
7 Parlor Cars (parlor-car equipment)
|
451,587 28
}
Total Roadway and Equipment
Steamer " Nassau "
Tug "Syossett" (on account)
$725,618 53
4<',000
00
34,340 86
$799,959 39
Total
6,000 00
Less account Ferry Property sold
Net Total Additions and Betterments
$793,959 39
:
2,000,000 00
23,000,000 00
Preferred Stock
Common Stock
$31,950^000 00
Total
To represent which the Company
will have
—
Coke Ovens, Mine Equipments, etc
$3,000,000 00
Iron and Steel Plant, including Iron Mines, Lands and
Equipment
4,000 000 0i
Cash and Convertible Assets in excess of Cash Liabilities. 1,700,000 00
75,000 Acres Coal Lands at $150 per Acre
11,250,000 qO
To which add new Capital proposed
12,000,000 00
$31.950.C00 00
The capitalization of the lands at S150 00 per acre of
course includes the value of the established business, leases,
contracts, etc., and will compare favorably with the capitalized value of coal lands in other parts of the United States,
and is much less than the valuation on which recent coal
combinations have been capitalized.
It is hoped that the preliminary step of amending the
Articles of Incorporation to authorize the increase of Capital Stock will meet with the approval of all the Stockholders, and that they will promptly send in their proxies.
By order of the Board of Directors.
J. C.
OSGOOD.
President.
THE LONG ISLAND RAILROAD COMPANY.
ANNUAL REPORT—FOR THE FISCAL YEAR ENDED
JUNE
30. 1899.
To the Stockholders
The results from the operation of the Long Island Railroad for the fiscal year ended Jime 30, 1899, were as follows
:
The changes
road
in the
Funded Debt
Company during
of the Long Island Railthe year are as follows
:
Additions During Tear:
Long Island Railroad— Stewart Line Mortgage Bonds
issued (proceeds applied to the construction of new
station at Garden (;ity)
$7,000 00
Long Island Railroad Unlfled Mortgage Bonds (proceeds
applied to retire Floating Debt and Equipment Notes,
to acquire certain outstanding securities of this Company, or guaranteed by it, and to provide funds for improvements under the terms of Unifled Mortgage
5,660,000 00
($1,660,000 of which Issued June 30, 1899)
$5,667,000 00
Reductions During Tear :
Long Island Railroad Company's Ferry First Mortgage
Bonds, purchased by Trustee with proceeds of sale of
ferry property and canceled
Net Increase in Funded Debt
6,000 00
$5,661,000 00
*24 other side tracks (cost $14,792) were charged to expenses.
In accordance with the statement contained in last year's
report, to the effect that part of the surplus of that year
would be used in betterments to the property, $149,978 81 was
expended during this fiscal year and charged to General
Income Account, as follows:
AlterlDK 18 Locomotives and Equipping with Wooten
Fire Boxes (on account)
Account Pintsch Gas Equipment for 57 Cars
Pintsch Gas Transport (Jar BuUt
Rebuilding Parlor Cars
Three New Consolidated Freight Locomotives
New Shop Equipment (Morris Park Shops)
NewAir Plant at Morris Park Shops
Replacing 70-lb. Rail between Floral Park and Manor
with 9o-lb Rail (11 miles of double track)
$'8,?»47
15,875
3,100
14,353
30,175
10,388
7,194
93
16
07
79
54
48
13
29,943 71
$149,978 81
:
Earnings—
Amount.
The net decrease
of §4,532 08 in the
amount
of interest on
53-93
funded debt and rentals
2i
80
95
96
73
3022
18
-77
-30
DecreaseTen months' interest on $1,121,000 Consolidated Morttrage Bonds at 4 per cent per annum, replacing First
Mortgage 7 per cent Bonds, May 1, 1898 (first coupon
$28,028 74
$6 67)
Freight
1,397,176
580,103
12,219
41,513
48.874
5,925
Express
Telegraph
Mall
Parlor Cars
Rentals and Privileges
Miscellaneous
:•>
12-.=>5
-27
-90
1-06
13,87796
Gross Earnings
$4,622,474 81
Operating Expenses—
Way and Structures
Maintenance of Equipment
Main, of
Conducting Transportation
General Expenses
$520.344 11
443,449 4 3
2,199,737 36
147,840 35
Total Operating Expenses
Net Earnings
Percent Expenses
Taxes
Per Cent.
Total.
$2,49'2,783 01
Passenger
10000
15-71
1339
66-43
4-47
3,311,371 25
10000
$1,311,103 5G
to Earnings
71-64
Total Income Other Sources.
161,993 S7
Total Incomefrom all Sources
$1,270,145 77
Fixed Charges—
Imereston Fun.ied Debt
$624,096 66
Interest on Real Estage Mortand Discount
Rentals Leased Lines
explained as follows
:
—
One month's
interest on $4,000,000 Unified
Mortgage Bonds at 4 per cent per annum
$13,333 34
Seven months* interest on $7,000 Stewart Line
Mortgage Bonds at 4 per cent per annum. .
163 32
One year's rental of Great Neck and Port
Washington Railroad, beiuK 5 per cent per
annum on $200,000 Great Neck & Port Wash10,"^ 00 00
ington Railroad First Mortgage Bonds
.
Total Increase
23,496 66
Net Decrease
$4,532 08
202,956 66
Net Income
$1,103,146 90
Per Cent Exp. to Earn, (including Taxes)..
Income feosi Other Sodroes—
Net Earnings of L. I. RR. Co.'s
Ferry and River and Harbor
Transportation Co
$141,891 38
Interest on Investments
20,107 49
, pages
Interest
Increase
is
16,544 82
56,632 59
322,800 00
7602
The Company has
Notes outstanding.
now no
Floating Debt nor Equipment
The Company now owns securities consisting principally
of prior liens of its own issue and of branch, leased or proprietary lines to the extent of $3,677,441 9i) book value,
representing cost, on which the annual income is $98,830.
The finances have been placed on a firm basis by the
authorization of a Fifty- Year Unified Mortgage of $45,000,000, which provided for floating debt, retirement of underlying liens, and for such a(i(iitions and betterments as may
be found necessarj- from time to time. This mortgage was
approved bv the stockholders at a meeting held on May 6.
1899.
Total Fixed Charges
1,020,074 07
Net Surplus
$2.5o7o7l
70
Under the terms of the mortgage, $2,292,000 of bonds
were sold and the proceeds applied to pay the Floating Debt,
Real Estate Mortgages and Equipment Notes of the Company, and $2,168,000 were exchanged upon a favorable basis
for securities of various outstanding issues,
making a
total
THE CHRONICLE.
654
issue of $4,460,000 of bonds, resulting in an annual saving
in interest charges of about §24,000 per annum.
$1,200,000 of bonds were also issued to pay for improvements already authorized, and from this issue $799,000 were
spent in the fiscal year for new equipment, freight yards,
land, track connections, etc.. as shown in detail (page 6).
All new equipment and construction was contracted for at
the lowest prices of the year 1898
pro ratii proportion of discount on the issue of Unified
Mortgage Bonds will be charged off to Profit and Loss
annually during the life of the bonds.
The Company's real estate mortgages purchased will be
kept alive, having been deposited with the Trustees of the
Unified Mortgage under its terms, and hence still appear in
the Balance Sheet.
The outstanding securities of leasehold estates have been
included this year in the balance sheet as liabilities, and on
the other hand the valuations of leasehold estates are now
A
included as assets.
The appraised inventory value of Long Island Railroad
equipment is in excess of the book values The passengercar equipment has been greatly improved, the freight cars
have been fully maintained and the locomotives within the
next year w^ill be efficient.
The operation of the Long Island Railroad Company and
the New York & Rockaway Beach Railwaj^ Company for
the past fiscal year has been eventful and encouraging. The
extra train service, inaugurated in 1898, has been continued.
The long-haul business has increased, and there is every
evidence of development in those sections of the island beyond the reach of competition. A constantly-increasing
business must result from the improved facilities provided.
More trains, better equipment, higher spaed, increase in use
of hard coal (50 per cent of the mileage), improved road-bed,
have all added to the expense of operation, but have produced satisfactory results The increase in operating expense ratio is accounted for by the increased expense in
maintenance and betterment of roadway and equipment.
(The charge to maintenanc? of equipment alone was 48 per
cent greater than in 1896 or 1897.)
The bridges on all the main lines have been strengthened
to carry the heavy freight locomotives in service. Practically all freight for Long Island points is now being carried in the cars or boats owned by the Long Island Railroad
Company.
The excessive snows
the law of 1897 application has been made to the Railroad
Commissioners to close or change to over or under crossiugs
sixty-four grade crossings.
Respectfully submitted,
W. H. BALDWIN, Jr., President.
Long Island City, September 1, 1899.
[The comparative
<
Coney Island Railroad Company.
A connection between the elevated tracks of the Brooklyn
Elevated Railroad and the surface tracks of the Long Island
Railroad was constructed at Flatbush Avenue Station, and on
May 24, 1899, through express service was inaugurated making through service between Brooklyn Bridge and Jamaica.
The Legislature at its last sessi n passed an Act permitting
the authorities of the City of Nesv York to grant franchises
for Tunnel Companies for a period of fifty years (and renewal of twenty-five). A new Tunnel Comjpany, called the
•'New York & Long Island Terminal Railway Companj%"
has been formed by interests friendly to the Long Island
Railroad, and formal application has been made to the
authorities of the City of New York for permission to construct a tunnel between Flatbush Avenue vStation, at Atlantic Avenue, and a point in lower Manhattan Island.
This
application is now under consideration by the authorities,
and it is expected that the Tunnel Company will be able to
,
dUMMARY OF FINANCIAL TRANSACTIONS.
Resources.
established between Far
of five miles, and
has proved to have been needed and is successful.
Some progress has been made toward the abolition of
grade crossings.
No new ones have been
opened.
Under
In-
come Account
Increase in Funded Debt
Increase In Interest and Rentals Accrued
$250,071 70
5,6*>l,000
00
75,799
50,753
401,938
6.000
$6,445,562
Increase in Taxes Accrued
Increase in Current Liabilities
Decrease in Cost of Ferry Property
58
44
06
00
78
Appropriation of Resources.
$334,152 26
Increase in Current Assets
Increase in Securities Owned:
Prior Lien Securities
$1,893,397 54
200,000 00
11,5 9 36
Ocean Electric Railway Stock and Bonds
Montaut Steamboat
.
Co., Ltd., Stock....
1
$2,104,966 90
Less Adjustment.
Account Montauk Company and Great
Neck <fc Port Washington Railroad
9,999 99
.
2 094 966 91
Increase in " Other Assets "
Real Estate Mortgages Purchased
Cost of Additions and Betterments During Y'ear (Road)
Costof
'26o',851
00
25
28
00
86
3t<.791
New Equipment
61
150,076
274,031
451,587
40,000
34,340
Cost of Steamer "Nassau"
Cost of Tugboat "Svossef (on account)
Sundry Accounts Written Ofl'
01
149,978
1,^79.000
Notes Payable Paid Off
150,000
Equipment Notes Paid Off
5,S41
Decrease in Reserve Fund
883,945
Discount and Expenses Acc't Unified Mortgage Bonds.
$6,445,562
Permanent Improvements
PROFIT AND LOSS ACCOUNT FOR YEAR ENDED JUNE
'1
00
00
25
54
78
30, 1899.
$1,513,734 73
Account June 30, 1898
Add Sundry Uncollectible and Depreciated
$1,652 85
Accounts Written Off"
Balance at Debit of this
for Personal Injury Claims,
Accrued in Years 1892 and 1894, Written
35,138 16
Off
Permanent Improvements During Year
Written Oft", Representing Part of Last
^-^-'-^--P^^-
^
_}^>^
186,769 82
$1,700,524 55
Less Credit Balance of Income Account for
$250,07170
Year Ended June 30,1899..
Amount Credited Representing Value of
Brook.&Jamaioa(Ail. Av.)RR.Lea8ehold.l,5OO,0OO 00
—
Credit Balance Carried to General Balance Sheet June
1899
30,
1,750,071 70
$49,547 15
OPERATIONS OF LONG ISLAND RAILROAD SYSTEM.
New York & Rockaway Beach Railway and Pros
PECT Park & Coney Island Railroad.
INCLUDING
For Fiscal Tears Ended June 30, 1899, and June 30, 1898. (See Note.)
1899.
L.I.BR.
'N.T.c&B.B. P. P.
<t
O. I.
Total.
$
$
4,622,474 81 254,299 97 122,670 08 4,999,444 86
Gross Earnings
Operating Expenses, 3,311.371 25 168,911 61 113,263 38 3,593,546 24
I
1,311,103 56
Net Earnings
Income from Other
Total
161,998 87
Income from
1,473,102 43
Fixed Charges and
1,223,030 73
Taxes
a.11
9,405 70 1,405.898 62
85,388 36
161,998 87
Sources
Sources
.
Net Surplus
85,588 36
9,403 70 1,567,897 49
54,085 32
79,228 03 1.356,344 08
250,07170. 31,303 04*69,82133
211,553 41
1893.
L.
been satisfactory.
Electric car service lias been
Shown by
Surplus for Year Ended June 30, 1899, as
begin construction before another year.
Gross Earnings
The boats and business of the Montauk Steamboat Com- Operating Expenses.
pany, which has operated between New York and GreenNet Earnings
port and Sag Harbor for many years, wei-e purchased on Income from Other
May 25, 1899, and will be operated hereafter in close conSources
nection with the railroad.
Income
A new steamboat was purchased to operate the "Annex" Total Sources Irom
All
ferry litie between Long Island City and Pine Street, New Fixed Charges and
Taxes
York. Heretofore the line was operated by an outside company. The operation of the new boat by this Company has Net Surplus
Rockaway and Rockaway Park, a distance
statistics of operations, balance sheet
will be found on page 642.]
and income account
Amount Paid
of the past winter added fully $50,000
to the expense of operation.
In August, 1898, the United States Government established
a camp at Montauk for the recuperation of troops to arrive
from Cuba by transport. From conditions beyond our control the Railroad Company was called upon to perform important duties which were unexpected and burdensome.
The revenue from the camp business amounted to $157, 00.
The expense of bviilding the necessary termini Is at Montauk, passing tracks, rental of engines, special train service,
etc, was undoubtedly as large as the revenue obtained.
Close traffic relations have been established with the
Brooklyn Rapid Transit System, bj" whicli various joint
through routes are maintained. Toe lines of the Prospect
Park and Coney Island Railroad, \^'hich are controlled by
the Long Island Railroad Company through ownership of
stock, have been operated for several years at a considerable loss. This road was leased on June 17th to the Brooklyn Rapid Transit System for 999 years at a rental which
will preclude any loss to the Long Island Railroad, and will
permit the gradual retirement of the loan advanced by the
Long Island Railroad Company to the Prospect Park and
[Vol. LXIX.
*
1.
RR.
y.r.dJ}.B.\P.P.<£O.J.
Total.
$
$
4.33^,193 55 212,578 251138.184 54 4,683,956 34
130,277 46 10?,712 18 3,234,362 50
2,989,372 86
l,i
43,820 69
29,472 36 1,449,593 84
76,300 79
129,866 60
129,868 60
1,473.689 29
76,300 79
29,472 36 1,379,4€2 44
1,229,815 09
56.107 88
79,970 13 1,36S893 10
243,874 20
20,li^2 91
*
50,497 77
213,569 34
Deficit.
Note -The ^y8tem hereafter will comprise the Long Island RR. ana
the New York & Rockaway Beach Ry., the Prospect Park & Coney
Island RR. having been leased to the Brooklyn Rapid Transit Co.
June 17, 1899. The snrplus of the system for 1899, exclusive of the
deficit of the P. P. <fe C. I. RK., was $i:81,374 74.
September
THE CHRONICLE.
23, 1899.]
656
COTTON.
^hx ^onxxntxcml ^imjes.
COMMERCIAL EPITOME.
Friday Night, September
22,
1899.
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
ttiis evening the total receipts have reached 204,198 bales,
Friday Night, Septenuber 22, 1899.
The depression in the stock market and the firmness of Against 166,563 bales last week and 107,404 bales the previous
money experienced during the week have had no pronounced week, making the total receipts since the 1st of Sept., 18S9,
influence on the commercial markets. With comparatively 487,986 bales, against 379,179 bales for the same period of
few exceptions good healthy business conditions have con- 1898, showing an increase since Sept.l, 1899, of 108,807 bales.
tinued to be reported, and the feeling of confidence in the
future pro8p^cts for trade has been apparently in no way
feature of the week has been a fairly sharp adshaken.
vance in prices for raw cotton, as both local and foreign spinners are begmning to believe more generally in a smaller
crop. "With the firmer money market comes the announce
ment that there has been a small amount of gold engaged in
London for export to New York, although in banking circles
it was not generally thought that extensive gold imports
A
were practicable just now. The strained political relations
between Great Britain and the Transvaal continue, and the
outcome is still in doubt. Governor Roosevelt has issued a
proclamation setting aside Sept. 29 and 30 as holidays in con-
Receipts
at—
Mon.
Sat.
Tuei.
Wed.
Thurt.
Galveston
Tex. caty, &o.
6,827 12,935 11,897
6,516
7,398
.'•ew Orleans...
7,506
610
9,716 11.603
2,553
1,713
6,578
Mobile
Pensaoola, Ac.
991
5,265
1,182
5,210
7,669 11,096
5,514
7,190
2.529
1,668
iiavannali
Bruaaw'k,&o.
Obarleston
Pt. Royal,&o.
Wilmington....
Wash'ton,*©.
Norfolk
......
3,471
5,892
3.394
3,232
1,539
Fri.
Total.
8.671
1,342
7,392
54,244
1,342
48,060
7,442
393
5,878
1,348
2,546
42,557
1,348
19.498
3,762
2,438 2,750 3,205 16,926
36
36
celebrations planned in this city
nection with the extensive
384 "793 1,227 2,476 1,057 2,509
8.446
in honor of the return of Admiral Dewey.
793
793
Lard on the spot bas been in moderate demand, as there N'p't News, &o.
100
224
588
190
266
1.368
New York
has been limited buying by both refiners and export^ers;
1
69
96
166
464
132
prices have been well maintained, closing steady at 5-67c. Boston.........
1,298
1,298
for prime Western and 5'30c. for prime City. Refined lard has Baltimore
6
208
50
112
376
been in moderate demand and firm, closing at 60. for refined Pblladel'a,
Speculation in lard for future delivery
for the Continent.
Tot. this week 27,«35 41,564 44,938 27,432 26.752 35,677 204.198
at the Western market has been quiet and no important
The following shows the week's total receipts,the total since
changes have occurred in prices. The close was steady.
Sapt. 1,1899, and the stock to-night, compared with last year
CLOSING PRICES OF LAHD FDT0RES.
DAILY
Sat.
Mon. Tues.
Wed. Thum.
Fri.
1899.
1898.
Stock.
5-65
5-65
5-65
5-67
September
5-65
5-65
teceipts to
This
Since Sep.
ThiM Since Sep.
had a moderate sale and prices have advanced
Pork has
Sept. 22.
1899.
1898.
week.
week.
1, 1899.
1, 1898.
slightly, closing at $9 00@9 50 for mess, $11 5()@12 00 for
family and $10 00@ll 75 for short clear. Cut meats have Galveston... 54.2i4 149.306 70,927 158,350
59,834 104,550
been in fairly active demand and firm, closing at 6@6J<c. for
Tex. C.,<kc.
1,342
2,627
1,016
1,950
pickled shoulders, 9i^@l0c. for pickled hams and 53^@7c. for New Orleans 48.060 100,784
53,434
86,324 155,032 101,334
pickled bellies, 14@10 lbs. average. Beef has had a lair sale
Mobile
19,670
15,731
7.442
7,240
12,946
12,460
at full prices, closing at $9 C0@9 50 for mess, $10 00@10 50
P'sacola, &c.
7,360
......
for packet, $
00 for family and $14 00@16 00 for ex50@11
ijavannah... 42,557
104,039 33.218
75,983
60,172
38 444
tra India mess in tcs. Tallow has been in better demand and
1,348
4.077
Br'wlck,&c
1,543
2,719
3,488
2,400
higher, closing at 5c. Lard stearine has been steadier, clos41,162 10,719
33.744
18,064
16,940
ing at 6?^@7c. Oleo-stearine has advanC' d, closing steady at Charleston. 19.498
.....
.....
P.Boyal,Ac.
>•••
7)^c. Cotton-seed oil has been in fairly active demand and
31,933 15,554
19 914
21,116
17,159
higher, closing at 27c. for prime yellow. Butter has been Wilmington. 16,926
36
59
29
44
quitt but steady, closing at 17@23c. for creamery. Cheese Wash'n, Ao.
17,004
8,446
5,435
12,038
19,028
7,373
has been in fairly active demand and firm, closing at 9^@ Norfolk
793
1,182
207
496
200
ll^c. for State factory, full cream. Fresh eggs have had a N'portN.,<kc
1,368
3,191
158.633
46 828
fair sale, and prices have advanced for desirable stock, clos- New York.
464
Boston
629
1,789
12,800
4,288
4.700
ing at 19e. for choice Western.
2,447
114
181
1,298
4,598
2,309
Brazil grades of coffee have been in moderately active Baltimore
376
491
1,356
170
6,055
3,288
distributing demand, and there has been a slightly better Pblladel.&o.
business in invoices. The market has shown a steadier unTotals... 204.198 487,986 200,265 379.179
565,040 357,785
dertone on predictions of a sharp falling off in the crop
In order that comparison may be made with other years,
movement and stronger primal maikets. The close was
re give below the totals at leading ports for six seasons.
steady at 5i^c. for Rio No. 7. West India growths have
been in slightly better demand aijd steady, closing at 7J^c.
«€eetpt$ al1899.
1898.
1897.
1896.
1895.
1894.
{aSc. for good Cucuta.
Speculation in the market for contracts has been more active and prices have b^en well main- Oalves'n,&o.
71,943
55,586
76,261
73,322
43,969
51,241
tained on increased buying for investment account. Follow- New Orleans
48 060
53,434
45.696
31,713
74,898
55.124
ing are final asking prices:
MobUe
7.442
7,240
10,066
7,922
7,066
10,022
4-150. Dec
Sept
4-450. March.
4-65c. Savannah
42 557
33,248
45,692
32,216
33.401
41,243
4-1 5o. Jan
Oct
4'50c. May
4-7Sc.
4 '20c. Feb
19,498
10,719
23,371
17,764
16,345
24.165
Nov
4-eOc. July
4'85o. Cbas'ton, Ac.
9,598
12,741
Raw sugars have been dull and easy, closing at 4 5 16c. for WUm'ton, Ac 16,962 15.583 21.741 13.683
8,446
5,435
17,033
25,897
3,410
7,005
centrifugals, 96 deg. test, and 3^c. for muscovado, 89 deg. Norfolk
793
207
236
321
531
880
test.
Refined sugar has been quiet, unsettled and \ic. lower, N. News, 4to.
4 854
2,456
3,621
3 103
11,640
2,800
closing at 51^(35 316c. for granulated. Sngar is now sold to All others...
the Southern States at net prices, or 4 13-16@4^c. for granu- rot. this wk 204,199 200 165 243,717 257,663 149,139
205,221
Ac
.
.
Teas have been in fair demand and firm.
Kentucky tobacco has been in fairly active export demand
and firm. Seed leaf tobacco has been in slightly better demand and firm. Sales for the week were 1,6 iO cases as follows: 200 cases 1898 crop, New England Havana seed. 20@
55c.; 100 cases 1898 crop, New England seed leaf 25@50c.
400 casts 1898 crop, Zimmers, 13@15i^c.; 100 oases 1897 crop,
Zimmers, I6i^c.; 300 cases 1897 crop. Pennsylvania seed leaf,
lated.
,
12@13c.: 200ca^es 1898 crop, Pennsylvania seed leaf, 10%®
lli^c; 150 cases 1898 crop, Dutch, 12@14c.; 100 cases 1897
crop, Du'ch, 13@l4c and 100 cases 1898 crop, flats, 18@35c.;
also 400 bales Havana at 55@92c. in bond and 155 bales Sumatra at 80c @$1 65 in bond.
Since Sept. 1 4S7,986
379,179
539,188
301,560
719.838
481.048
for the week ending this evening reaoh a total
of 168,591 bales, of which 65,280 were to Great Britain, 37,136
to France and 66,175 to the rest of the Continent. Below
are the exports for the week and since Sent. 1, 185^9
The exports
ifetA £n<ltn<, Sept. ii , 1899
Irom
Sept. 1, 1899,
Bxportta to—
Kxportt
from—
Great
France
Brit'n.
u
Sxported
Conti- lotal
Oreat
France
nent. Week. Britain.
Sept. 22, lb»9.
to-
Continent.
30t<l].
,
The market
for Straits tin has been quiet, and under increased offerings prices have weakened slightly. The close,
however, was steady at 32<J0@32 2=>. logot copper has been
in fairly active demand and firm, closing at IS^c for Lnke.
Lead has been quiet but steady at4«0@4 65c. tor domestic.
Spelter has been steadier, closmg at 5 60@5 6ic. Pig iron,
fairly active and firm, closing at $19@23 for domestic.
Rtfia^d p-troleum has been firm and higher, closing at
8-80c. in bbls., 6 30c. in bulk and 10 05c in cases.
Naphtha
firm at 10 50c. Crude certifi^iates have been firmer, closirg
at $1 481^; credit balances have been advanced to
$1 48.
Spirits turpentine has been firm and higher, clusing at 5
SOJ^c. Rosins have been in bf tter dem
aad steady, closing at $1 25@1 273^ for common and good strained. Wool
has been in fair demand and firmer. Hops have been qaiet
md
and unchanged.
@
lialreaton..
Tex. City. &o.
32,956
New Orlean*
12,299
3,930
Mobile
23.756
10,818
28,608
40.679
8,930
..
Charleston..
Port Royal.
6.250
....
4,850
• .
.....
.
95,256
5,481
28,665
74,805
500
3.7^8
10.400
3,930
7,360
16,650
8,500
22.495
1.077
....
8,250
11.100
8,500
....
Wllmlneton.
9.867
9,^67
Norfolk..
1,077
1.077
N'port N.,
&o
New
York.
Boston
Baltimore.
....
8.644
4
633
2.918
1,069
....
eoo
Philadelphia
San rran.. &c..
10,2«0
12
100
26,318
8,831
8,3'1
16,607
12
44.226
4..'>45
3,618
5,74'i
600
1,916
8.268
20.003
a8t3
....
66.280
Total
Total, 1898
609
•.
8,500
...
86
609
3,930
43,214
8,072
....
Brunswick
2S,'
22.495
1,077
362
Pensaoola...
Savannah
23.756
8.500
76.981
862
5,161
20,269
...
87,136
66,175 168 591
130.788
38.868
122.366
29;.009
62,849
8.112
29.896 100,657
07,403
15.981
.se.oss
168,687
THE CHRONICLE.
656
[Vol.
LXIX.
In. addition to above exports, our teiegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messrs.
Lambert Barrows, Produce Exchange Building.
We
&
ON SatPBOABD, NOT OLBABBD FOB—
Sept.
Leavint
22 at
Qreat
Other
Britain. France. Foreign
New Orleans...
1,853
4612
21,46:J
Galveston
Savannali
Obarleston
Mobile
Norfolk
5,030
2.000
1,000
9,972
2.00a
2,500
12.000
None.
None.
None.
2,000
None.
51,293
13,642
New York
5(0
Other ports
Ooatt-
Mtock.
Total.
toite.
144,765
4,000
None.
None.
10,267
29,264
28,000
23,3S8
2,000
6.500
3.500
22,000
5,447
124,919
440,121
.^33
3,469
2,552
25.000
12,516
214
None.
SCO
None.
None.
None.
1.000
10,000
30570
47,9)-S
10,356
13 731
1^,528
155,133
25,055
Oid
i
3'^.141
Total 1898.
Total 1897...
.
43,669
9.090
20,520
54537
40,243
51.935
9 ',533
139,747
7,059
23,623
I
I
Total 1899...
—
Sat.
Good Ordinary.
mon Tue» Wed
Low Middling..
Middling
53|g
5'8
638
639
Good
6U,e
6Uie
7ie
718
Middling Fair...
GULF.
Sat.
Good Ordinary.
57ie
6ie
6l8
57,6
6l8
Middling
6Sr
6=8
6<>B
Good Middling..
MlddUng Fair..
6i5ie
738
6i&ie
Low
Middling..
STAINED.
Sat.
Low Middling...
688
615i^
738
61o,6
738
XV e^ Tb.
512
63,^
61116
7
738
77e
mon Tue8 Wed
4''8
Middling
Strict Middling
Good Middling Tinged.
738
6^l^
6l8
73i8
mon Tae»>
57,6
61a
688
6%
7ie
Middling..
Frl.
67,6
636
6U,,
TIi.
514
51&18
SS.g
5^8
53, (J
5'8
6i«
638
4 '8
4^8
6l8
638
518
515,,
6l8
638
Frl.
638
678
73,6
788
Tb. Frl.
4i6ie
eifl
6^^^
638
688
5i«
6l8
638
658
The quotations for middling upland at New York on
Sept. 2i for each of the past 32 years have been as follows.
1899. ...c. 683
1891. ...o. 81a
1883....o.lOi«
1875....0.13%
I6I4
1890
1898
59.8
1882
1874
123,6
107i6
613,6 1889
1114
1897
1881
1858
ll'a
1873
1888
1896
8»,6
lisit
1880
18^9
1872
107,fl
8I4
91I18 1879
.19'^8
1887
1895
1189
1871
6II18 1886
I8I4
938
III4
1894
1878
1870
1885
101,6
1893
1877
83e
116,8
1869
2b3i
1038
III4
798
1884
1892
1876
26
1868
MARKET AND
Spot Market
Olosbd.
Batorday
.
Market
Closed.
iQuletA st'dy
Quiet
Monday.
Quiet
steady
Tuesday
Wednesday Steady at
[Steady
Sales of Spot
ad.'Firm
Thursday.. Quiet at 8,6ndv, Firm
Friday
Quiet
Steady
& Oontbac
Ex-
Oon-
Oon-
port.
sump.
tract.
l.'^OO
100
500
Ijc
150
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The Visible buPPLY of Cotton lo-nignt, as made up by
IS
O
IS
I
^
s
I
IS
IS
^
IS
IS
IS
1
I
I
cJ"
cable and telegraph, is as follows. Continental stocks, as well
as those for Great Britain and tbe 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. 32), 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
667,000 340,000 3»6,00O
bales. 76^.000
3,000
4,000
Stock at London
3,000
2,000
Total Great Britain stock. 764,000 67o,000 344,000 389,000
li^,000
32,000
Stock at Hamburg
20,000
33,000
47,000
27.000
Stock at Bremen
85,000
114,000
5,000
1,000
Stock at Amsterdam
1,000
2,000
200
200
200
Stock at Rotterdam
vOO
8,000
2,000
Stock at Antwerp
9,000
3,000
59,000 108,000
Stock at Havre
128,000 lOi',000
5,000
4,000
Stock at Marseilles
4,000
5,000
4<i,000
49,000
41,000
Stock at Barcelona
79,000
2 ,000
13,000
25,000
Stock at Genoa
22,000
33,000
12,000
19,000
Stock at Trieste
17,000
Total Continental stocks
403,200 312,200 186,300 300,200
Tetal Eiiropean stocks
1,167,200 982,v;00 530,'.'00 68»,200
41,000
15,000
34,000
India cotton afloat for Europe
14,000
173,000 110,000 223,000
A.mer. cotton afloat for E'rope. 243,000
10,000
11,000
12,000
Egypt, Brazll,&o., aflt.for.E'pe
13,000
Stock in United States ports.. 565,040 357,7h5 360.»3rt 580,^27
275,227
171,318
Stock in U. S. interior towns.
338,502 183,509
38,7t)3
33,400
13,793
22,094
United States exports to-day..
Total visible supply
2,362,836 1,766,287 l,v:37,147 1,85:^,054
Of the above, totals of American and other descriptions are as follows:
Total.
American—
Uverpool stock
699,000
339,000
American afloat for Europe... 243,000
United States stock
565,040
United States interior stocks. 338,502
22,0H4
United States exports to-day..
bales.
Continental stocks
Total American
East Indian, Brazil,
Liverpool stock
die.
—
1,031
3,205
1,1«0
729
196
211
«.K32
592,000
254,000
173,000
357,785
183,509
13,793
246,000
130,000
110,000
360,836
171,318
38.793
273,000
193,000
223,000
580,2vi7
275,227
33.400
i{,206,636 1,574,087 1,056,947 1,577,854
91,000 113,000
75,000
63,000
3,000
4,000
3,000
2,000
58,V00
56,200 107,200
Continental stocks
64,200
41,000
15,000
14,000
34,000
India afloat for Europe
10.000
11,000
12,000
13,000
Egypt, Brazil, Ac, afloat
180,200 274,1200
Total East India, <&o
182,200
156,200
Total American
2,206,636 1,574,087 1,056,947 1,577, '^54
Total visible supply
2,3b2,s36 1,756,287 1,237,147 1,852,054
33i?2d.
4iii6d.
Middling Upland, Liverpool..
3»8d.
3H-A87,60.
6\o.
6890.
Middling Upland, New York..
57, oo.
4iB,fd.
6^A.
Egypt Goocf Brown, Liverpool
5%d.
47i6d.
6i4d.
6i3,«d.
6>sd.
e^gd.
Peruv. Rough Good, Liverpool
3i!>,6d.
47i«d.
338d.
Broach Fine, Liverpool
SHied.
4ii6cL
3ii6Cl.
Tlnnevelly Good, Liverpool.
47, ed.
37i6d.
It^ The imports into Continental ports the past week have
been 39,000 bales.
The above figures indicate an increase in the cotton in
sight to-night of 606,549 bales as compared with the same
date of 1898, a gain of 1,135,6^9 bales oirtr the corresponding:
date of 1897 and an excess of 510,782 bales over 1896.
Londonstock
.
700
80O
Firm
. .
TotaL.
SALES.
POT0BE8
@
oa
1
5' lie
638
6'8
73,6
708
CiOi
coto
Cid
:
UPLANDS.
CiOi
CdtC
M-.3
€)
266,252
221,089
Speculation in cotton for future delivery has been much more
active and there has been a sharp advance in prices. Sentiment in favor of higher prices has apparently become more
general, the trade as a rule being more disposed to accept
the reports of damage to the crop by the unfavorable weather
conditions during August. Naturally, as the bullish sentiment in the market grows, increased talk is heard of a smaller
crop, and it is now fairly generally believed locally that the
present crop will be smaller than the two preceding ones.
from Liverpool state that
Private advices received
spinners abroad are beginning to abandon Neill'd estimates of another bumper crop, and are placing more
The fact that the
credence in the smaller-crop talk.
South has continued to offer cotton indifferently to exporters,
and at prices considerably above a parity with prices ruling
in the leading speculative markets, also is having much to
do in convincing foreign spinners that the recent crop-damage reports have been based upon facts. The crop movement has received close attention, and while it has been
fairly heavy, it has not come up to the expectations of many
of the trade.
To-day the market opened slightly lower,
under easier advices from abroad than were expected and
selling
by longs to realize profits
then followed
an advance of 12 to 14 points on good general baying, and closing advices from abroad were stronger. During
the afternoon, however, selling to realize profit was the
feature of the trading, and most of the advance was lost.
The close was steady with prices unchanged to 2 points
higher for the day. Cotton on the spot his been firm, and
prices advanced 1-I6c. on Wednesday and 3-16c. on Thursday. To-day the market was unchanged at Bf^c. for middling uplands.
The rates on and off middling, as established Sept. 13, 1899,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Failo. ligon Good Ordinary
o.13,b oflf
Aflddling Fair
\oji Good Middling Tinged
Even
Strict Good Middling
''leon Strict Middling Stained
H off
i« off
Good Middling
^^gon Middling Stained
Strict Low Middling
^leoff Strict Low Mid. Stained... 1
off
Low Middling....
^otl Low Middling Stained
1 ^a off'
Strict Good Ordinary
'sofif
On this basis the official prices for a few of the grades for
the past week Sept. 16 to Sept. 33— would be as follows.
eOtO
CiCO
I
September
THE CHRONICLE.
23, 1899.]
—
the movement that is the receipts
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.
At the Interior Towns
for the
week and
657
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 ending
Sept. 22
aLOSINO QDOTATIONS FOB MIDDLINO OOTTOH os-
Hon.
8atur.
6%
618
5i&ie
Galveston.
New Orleans
Mobile
515,«
Savannah...
5^
Charleston.
513,6
6ie
6i«
638
6%
5\
513,8
6l8
6l8
638
6I3
638
Philadelphia
638
Augusta
6
513i8
6l8
6ie
638
6i«
658
6I16
Memphis
6
6
6
6
6
6
6i«
5'8
6I9
6I18
5'8
6i«
6I18
Wilmington.
Norfolk
Boston
Baltimore
.
8t.
W to bS M Ol J-'^MC»_*'03tO__-' ^-i
'% 05 O CO OS OS Cc'mTo O^ O CD m'c *> OS -'-J OS CO O <jl6- 05 CO
05
lO*kto,fk
00 ts^lo OS
Cincinnati
)-'towc»-3QDioosoco'oooooi<i>ooicoovii;>0>-'-'<iOO;tcaoos
K^I^W05h-OOlfiCCOOlI»COCOO>0:t0005CBtOOCBODi»tOOI-'r— XtO
cOMW
(-'-xMMix'Oiwos^tf^ wp
wo
!»>•<»•
M
M
CO
J
I-"
in
oi
OS
xi-"
•
OlXOCOCOOS OS-O>-osc<»c<5COi^xo;
eox»q»*.xoi-'05,
N-
N-i
OS
^3 <i
^
r-*
w »3 «1 *"- 01 «-o>xcoa'05Wiotoa'»
X kJ X » T 1^ or 05 to to a Ol CO OS W <1 OS CD
^aos^o~JOscoco^5l^toxo505-'^:;'COl00sy^wco
CO -J w CO
y o; o CO »3 ji ^ -J r- <i w> tn cc CO
>§
o
|(^
ifk I-.
i(^ <-•
o
I
9
I-"
»
to uiVi'it-
eowosi^w^owcs jiMO-ccosotowto-
05|
to
(a
to
•JlfWO
fM
05
OS to
"X
I-*
MtOtOMCO
oc»h-o3^<iosx«iit>.w--
oso:a5'^tao;e5-'to&5to
i-'XO"~J>-'Wi-'O3^ccioxC0C0t0ifrOl-'0lo3 050SO>-'XX0S'^Wa>
cnwtacD'v]03C5c>iXit«.oscei^»-toxxx»aooK)<cx^-xOi"Wta<i
it'»*^co<J(-'i;»osxo5wtot»'coid;<>-'i^coif»0303X^toif^i-'to>-*'X
oow
CO
tOtOf-l-'
w*>.
tOi-"
w o xVj CO koi;^ »3co toxo'coo»ooosw''»-b5»a
OOObO. 0>C0^1|f>.i«l»^OStO'-'»OXW-l*.tO«JOCi5X'-^COtOWWW
wi(».«oo:Of-o-4*keiiMO!0»o<Jr-ico*'*^«Dwoo5^tox«'xow
til8
515i8
6
6I4
6I4
658
6
6
6
ek
6^
638
658
658
e-Ts
6'^8
6H
6^
65 8
6l8
6I4
6I4
6I4
6I4
til8
6I4
6>4
6I4
at other
importan t
6I4
6ii.<
Colombas.Mles
Eufanla
OolumbuB. Qa.
5^
Montgomery.
Little
5%
Nashville
b'^s
6
Natchez
Raleigh
Shreveport
6
Rock
. .
6
038
5%
tinues to make excellent progress, and in some districts is
said to be nearing completion.
number of our correspondents report that the crop is short.
Galveston, Texas, The crop condition is said to be unsatisfactory, and it is claimed that damage has been done and
that rain now would be harmful rather than beneficial. Picking is progressing very rapidl}' and at a few points is reported
to be nearly finished. There has been rain on one day of the
week, to the extent of two hundredths of an inch. The thermometer has averaged 76, ranging from 70 to 88.
A
—We
00
00
*>.
to 0> to 05
-I-'
<i to o> ui
6
6%
5V
—
W
«•
H-M
w w^» CO M to i(^ M a-^^i
xcs a *> CO WM -J OS (f^'toI-'asO'.'Qo'-Jtoololox
Oxie^i-'Oito-'if^o**^-!— cpvw^o-cc; '-ctooi'^oscKcoo'jLCOO
ifkOSlO^l
'rf^oll^Vi
6iie
618
6
6I4
6I4
Weather Reports by Telegraph.— Advices to us this
evening by telegraph from the South indicate that rain has
fallen in most localities the past w-ek, and that at a few
points the precipitation has been excessive. Picking con-
'
if*.
6
Atlanta
Charlotte
to»
tOWWC0_M)!0M; CSO
OS^"
to
»
»0; ,t-<_h-M
U 3S^ OS •"•"#» C5"cD ^ Oslo^Wl^ "to' 'tob''*- tO Wxlo -jVs o'cj" O Kl"i(k<l
oDOOif'X — too*-co; o-sKi; <i<ith*^>-'oi-'w^cu>c>, i/^<iai
Cld<1 CO 05CO *• 00 O tO O tOO
-050DOO J<l'»-05Q0O03WXO'
MWMi^
6II18
f3i6
6116®^
Athens
"-'
l-'*^WO'vlXl003tJ<1000050tO»COCOX<I<l'«l<ltOOOX©0005
»
6ifl
The closing quotations to-day (Friday)
H'_cocD_joj©c;'<i^H>a»oiH'
""<» OS
to « 00 Ip-^ OS
M QD^W COaiOlQOX-lW^CO-'OSlO to CO tO Ol'oo''^ tOCOXODOStOOtOCO
r<lbStO35t0W»»^CCCO00^h-CS
»0<1X —
>-"iF>.
6^
Fn.
Southern markets were as follows.
(--to
i;^
.
Louisville...
^
»-•
»-•
Louis
Houston
<1 bS Kl
*»•
6I4
63,6
6
5%"*
5%'
Thurs.
6I4
6I16
5'e
5^8
5^8
614
614
638
618
5\
.
Wednes.
Tuet.
*Sa
«• S
i
'
jC
Brenham, Texas.
have had light rain on two days
of the week, the rainfall reaching sixty-six hundredths of
an inch. The thermometer has ranged from 52 to 95, averaging
74.
— We
have had rain on one day during
the week, the precipitation reaching seventy-seven hundredths of an inch. Average thermometer 72, highest 91 and
p"|U'— M to CO X*.(k to OiV-'mwIo <1 X Os"*>.'"os » 01
<oto
.,
_^
_„,_,.
lowest 53.
01 rf^OStCCOOCOl <!>-; OSXXOJCOr^^li-'tO-"^Xif'CCO«OVilO:Ol*>CO
en CO OS
CO Q)
O'tOi it^-tOCJO XO; ^^-X05^i-'lf»--C0X'.OOivi<^
Corpus Christi, Texas.
have had rain on one day of
* This year's figures estimated.
the past week, to the extent of seventy five hundredths of an
The above totals show that the interior stocks have in- inch. The thermometer has averaged 71, the highest being
creased during the week 49,949 bales, and are to-night 154,993 86 and the lowest 66.
bales 7nore than at same period last year. The receipts at all
Dallas, Texas.
Rain has fallen heavily on one day of the
towns have been 7,993 bales less than same week last year.
week, to the extent of one inch and eighty-five hundredths.
Overland Movement for the Week and Since Sept. 1.— The thermometer has averaged 72, ranging from 52 to 92.
give below a statement showing the overland movement
Buntsville, Texas.
have had rain on one day of the
for the week and since Sept. 1, as made up from telegraphic week, to tbe extent of ninety-three hundredths of an inch.
reports Friday night.
The results for the week ending The thermometer has ranged from 52 to 92, averaging 72.
Sept. 22 and since Sept. 1 in the last two years are as follows.
Lvling, Texas -It has rained on one day of the week, the
rainfall being eighty-five hundredths of an inch.
Average
1899.
1898.
thermometer 75, highest 94 and lowest 56.
September 22.
Palestine, Texas. There has been rain on one day during
Since
Since
Week. Sept. 1.
Week. Sept. 1.
the week, the rainfall reaching twenty-eight hundredths of
an inch. The thermometer has averageid 72, the highest
Shipped—
being 94 and the lowest 50.
Via St. LoQlB
6,263
20,580
3,761
10,950
San Antonio, Texas. Rain has fallen on one day of the
Via Cairo
2,791
4,165
2.308
4,838
Via Parker
past week, the rainfall being forty- eight hundredths of an
'"364
Via Rock Island..........
364
inch. The thermometer has averaged 74, ranging from 56 to
Via Lonlsville
640
3,727
9.610
1.223
^ifia
Via Cincinnati
3 5S3'
2,021
1,880 92.
Via other routeB, *o...
Weatherford, Texas.
have had heavy rain on one day
1,947
3,962
1,069
2.336
of the weeir, to the extent of one inch and thirty-seven hunTotal gross overland
41,90ol
16,749
8,505
21641 dredths. The thermometer has ranged from 52 to 94, averDtdxiet thipmentt—
Overland to N. Y., Boston, &<
3,506
8.783
913
4,9f0 aging 73.
461
Between interior towns
642
42
65
New Orleans, Louisiana. We have had rain on one day
Inland, &o., from Soath
5,08S
1,923
93;
2,518 daring the week, the precipitation reaching twenty hunTotal to be dedaoted
5.890
14,507
1,893
7,543 dredths of an inch. The thermometer has averaged 75.
Shreveport, Louisiana. There has been rain on one day of
Leaving total net overland*. 10.859
27,393
6,612
14,098 the past week, to the extent of forty-three hundredths of an
* Including movement by rail to Canada.
inch. The thermometer has ranged from 51 to 94, averagThe foregoing shows that the week's net overland movement ing 78.
this year has been 10,859 bales, against 6,612 bales for the
Columbus, Mississippi. —Picking is being rushed. Weather
week in 1898, and that for the season to date the aggregate net fine. There has been no rain during the week. Average
overland exhibits an excess over a year ago of 13,295 bales.
thermometer 76. highest 90 and lowest 54.
Leland, Missifsippi.—We have had no rain during the
1899.
1898.
week. The thermometer has averaged 70, the hignest being
In Sight and Spinner t'
92 and the lowest 44.
Takings.
Since
_
Since
Week. Sept. 1.
^««*- Sept. 1.
Vicksburg, Mississippi. The weather has been favorable
for picking. Reports of deterioration continue. There has
Baoelpts at ports to Sept. 22. ... 204,198 487,986 200.265 379,179 been
rain on one day during the week, the rainfall being
Netovexland to Sept. 22
10,859
27,393
6,612
14.098
twenty-three hundredths of an inch. The thermometer has
Boathern consumption to Sep. 22 28,000
89,000 26,000
88,000
00
1^
05 . iI^OMVI
<;<j<itOi-'coi(».co'
Co umbia, Texas.
i
-vl
I
.
.
— We
•
—
— We
We
{
—
—
— We
—
—
!
I
—
,
I
72, ranging from 53 to 93.
Oreenville, Mississipjn.— The weather is fair and pleasant
and picking is progressing well.
Little Mock, Arkansas.— It has rained on one day of the
week, the rainfall being one iuch and thirtv hundredths.
Average thermometer 66, ranging from 53 to 80.
averaged
Total marketed
Interior stocks in excess
.... ...
243.057
49,949
604,379 232,877
95,319 52.673
Came into sight during week. 293,006
Total in sight Sept. 22
699,698
North'n spinners tak'gs to Sept 22 16,718
52,768
It will
481,277
79,390
285,550
560,667
12,0921
41,841
be seen by the above that there has come into sight
during the week 293,006 bales, against 285,550 bales for the
same week of 1898, and that the increase in amount in sight
to-night as compared with last year is 139,031 bales.
Helena, Arkaiisas. —Colton is opening rapidly and good
progress is being made with picking, but the crop is short.
There has been rain on one day of the week, to the extent of
forty-nine hundredths of an inch. The thermometer has
averaged 69 -S, the highest being 90 and the lowest 49.
THE CHRONICLE.
658
[Vol. lxix.
Alexandria, Egypt,
Memphis, Tennessee.— Cotton is opening rapidly and pick1899.
1898.
1897.
September 20.
Rain fell on Monday, the rainfall being
active.
ing is
twenty two hundredths of an inch. The weather has been Receipts (oantars*)
TWs week
40,000
30.000
38,000
quite cool all the week. The thermometer has averaged 69 9
SlnoeSept. 1
65,000
44 000
71.000
ranging from 51 to 88'6.
This
Si7iee
This
Since
This
Nashvtlle, Tennessee. Picking is progressing rapidly, but
Since
week. Sept. 1.
week, Sept. 1.
week. Sept. 1.
the crop is stated to be short. We have had rain during the
week, to the extent of six hundredths of an inch. The ther- Exports (bales)To Liverpool....
1,000
5,000
2.000
mometer has ranged from 44 to 88, averaging 67.
6.000 1.000
3,000
ToContlnentt...
3,000 15,000
3 000 17,000
2,000 11,000
Mobile, Alabama. Picking is active and it is claimed is
Hearing completion in some localities; reports indicate that
Total Europe.
4.000 20,000
5,000 23,000
3,000 14,000
the crop is short of last year's yield. There has been rain on
* A oautar is 98 pounds.
seventythree days of the week, the precipitation reaching
t Of which to America in 1899, 798 bales; in 1898, 861 bales; in
eight hundredths of an inch. Average thermometer 75, high- 1897, 505 bales.
Manchester Market, Our report received by cable
est 91, lowest 55.
Montgomery, Alabama. It has rained on two days of the to-night 'rom Manchester states that the market is firm for
week, the rainfall reaching forty-two hundredths of an inch. both yarns and -"hircings. The demand for botQ yarn and
The thermometer has averaged 74, the highest being 86 and cloth is good. We give the prices for to-day balow a< n
—
1
—
—
—
the lowest 55.
Selma, Alabama. It is claimed that the top crop will be
quite small. With the present weather conditions picking is
expected to be finished much earlier than usual. It has been
dry all the week. The thermometer has averaged 74, ranging
—
leave those for previous weeks of this
1899.
Augusta, Georgia.
ties.
— Picking is progressing rapidly.
Com
worms have been
received from several counThere has been rain on two days the past week, to the
Ijoll
—
Charleston, South Carolina. Rain has fallen on five
of the past week, the rainfall being one inch and thirty-seven
The thermometer has averaged
hundredths.
from 67
to 84.
—
76,
ranging
Stateburg, South Carolina. Picking has not been inter
have had rain on
rupted to any great extent by the rain.
four days the past week, to the extent of one inch and eighteen
hundredths. The thermometer has ranged from 59 to 85,
We
averaging 73'1.
Greenwood, South Carolina. -Picking has been retarded
by the wet weather. Nearly all cotton is open, and the crop
is claimed to be short.
Rain has fallen on two days of the
week, to the extent of seventy one hundredths of an inch.
Average thermometer 67, highest 77, lowest 57.
The following statement we nave also received by telesraph
showing the height of the rivers at the points named at
and September
3 o'clock September 21, 1899,
22, 1898.
Sept. 21. '99. Sept. 22. '98
Feet.
New Orleaii8
Feet.
3-3
2-7
5-4
7-3
2-3
5-6
13-6
Above zero of gausje
Above zero of gauge
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Memphis
Nashville
Slireveport
Vlokflburg
Jute Butts Bagging, &c.
Twist.
d.
8.
d.
4
4i«®7
4
4
5
we^a
6
-ae^g
" l-^ 6
©e's
" 22 61,6'»«15
4
4
4
6
6
6
••
d.
25
Sep.
^i&, 6-613,6
6
1
8.
97
5i«®7
®7
d.
d.
ings,
21a
common Mid.
Uplds
to finest.
a.
59i6 ^638 4
3l7.,2 519
a6i,6 4
31632 51a ®65, 4
39,
4
39,
57, e -ae^ 4
®6i4 4
358
ilfl
37,*.
2
3
3
3
3
d.
8I4 lbs. Shirt- Ootl'n
d.
8.
Oifl«b
ae
®6
'96
d.
7
6i«
6I9
61a
d,
338
35i«
31132
®6 6
®7
®8 6
3Bs2
Egypti.\n Cotton Crop.— Mr. F. Jac. Andres of Boston
has received the following from Alexandria, under date of
days
2:
extent of twenty-seven hundredths of an inch. The thermometer has averaged 74, the highest being 83 and the lowest 57.
year for
last
1898.
8I4 lbs. Shirt- Cott'n
ings, common Mid. 32s Cop.
Twist.
to finest.
Uplds
32s Cop.
from 50 to 97.
Savannah, Georgia. — It has rained on five days of the
week, the rainfall being four inches and twenty two hundredth?. Average thermometer 75, highest 88 and lowest 64. Ag.l8
plaints of
and
comparison.
0-6
01
30
—
There has been a slackening in
for jute bagging in some quarters during the week
under review, but prices are as last quoted, viz.: 5%@5%c.
Jute
for 1% lbs. and 6%@63^c for 2 lbs., standard grades.
butts have been steady at unchanged prices, the close tonight being at l'05c. for paper quality and IfgC. for mixing
to arrive.
India (Jotton Movement from all Ports.—The receipts
of cotton at Bombay and the shipment'3 from all India ports
for the week ending Sept. 21, and for the season fiom Sept. 1
to Sept 21 for three years have been as follows:
demand
fi
'a>7
September
" In spite of good crop prospects, prices advance, caused by the low
This means shortage of water for next season, the Nile being
about two meters below the averajte level. This condition will cer
taluly prevent cultivation for next year to a large extent. If the Nile
does not rise soon at least one meter, onh half acrop is expected next
year. This season's crop is secure for 6I2 to 7 million oantars. Qual-
Nile.
ity is satisraciory.
—
Government Weekly Cotton Report. Mr. James Berry,
Chief of the Climate and Crop Division of the 17. S. Weather
Bureau, made public on Tuesday the following telegraphic
reports on the crops in the Southern States for the week ending Sept. 18:
Virginia.— WAek favorable for work.
North Carolina. -Cool dry weather, favorable for picking cotton;
cotton short, but quality of lint fairly good.
South Carolina.— Cool, dry weather; cotton opening faster than
can be picked, although weather favorable; picking half tlnished; yields
light; top crop in spots only.
Geoxqia.- Week dry, with moderate temperature, favorable for saving cotton, which is still opening rapidly, and picking is general; top
crop very short
Florida.—Weather has been favorable for all work; temperature
about normal; rctlnfall ample; cotton crop short and half has been
gathered.
Alabama.—Splendid harvesting weather; practically no rainfall;
cotton nearly all open; picking being pushed; yield still estimated below average; practically no top crop.
Mississippi, Drought continues, although light scattered showers
have occurred; crops are needing moisture in every section of the
State; temperature below nor ual first of week, but higher latter part;
upland cottiin opening prematurely, forcing picking somevvhat; yield
is generally reported short.
Louisiana.— Light showers in southern portion 15th, heavy in
nort ern portion l»th; nearly all first planted cotton open and mostly
picked; crop light; quality good; young cotton shedding aiid damaged
by worms.
Texas. -Moderate showers occurred generally and heavy in localii> s on 17th and 18th, except over extreme east and west p >rtion8,
where drought continues; weather favorable, exonpt at close of wet-k,
for rotton piofeing, which progressed rapidly, so much premature
opening that staple is not as good as when picking first commenced,
yield very light.
Jteoeipls at
-
Since
Week.
Bombay
Week.
Sept. 1.
4.000
1897.
1898.
1899.
17.000
2,000
For the Week.
Since
Sept. 1.
7,000
Week.
Since
Sept. 1.
4.000
1,000
Since September
rapidly.
1.
Exports
from—
Great
Britain.
Continent.
Total.
Oreat
Britain.
Continent.
These reports on cotton are summarized by the DepartTotal.
.
1,000
2.000
l.COO
2,000
1,000
13
2,000
I'obo
i'.o'oo
1,000
130
2,000
i.obo
1,000
2,000
1,000
2.000
2,000
Shipping News. As snown on a previous page, the
exports of cotton from the United States the past week have
reached 168,591 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
7.000
4,000
6,C00
7.000
New York—To Liverpool,
10.000
10,000
26,000
16.000
1,000
1,000
.....
i'.obo
1,000
1,000
2,o'66
1.000
2.000
3,000
3,006
3,000
3,000
2.000
2,000
3,000
5,000
4,000
i'boo
4.000
1,0
All others-
2,000
1,000
7,0'
9,000
Total all—
1899
1898
1897
3",oo6
2.000
for cotton picking over the
greater part of the cotton belt, there being a total absence of rain
over a large portion of the central and eastern districts. Premature
opening continues In all districts, and the reports generally indicate
that the top crop will be very short, in some sections almost a failure.
The general indications are that most of the crop is now open, and
that it will be gathered at a much earlier date than usual.
1,000
4,000
3,000
i',6bo
Madras—
1899
1898
1897
as follows:
1,000
3,000
3,000
.
1899
1898
1897
ment
The weather has been very favorable
Bombay—
1899
1898
1897
Calcutta—
1899
1898
1897
ARivANHAS.— General rain of 17th too late to benefit crops; cotton
opening premnturely and rapidly, picking and ginning progressing,
most of crop will be gathered during first picking; poor prospect tor
top or middle crop.
Tknnessek. — Local rains first of week in several sections, but over
greater portion of -tate drought continues severe and unmatured crops
are rapidly failing; most of cotton open and picking progressing
•Z2.000
12.000
—
Total bale:
per steamer Cymric, 6,627 upland
and 4 Sea Island
To Mauchester, per steamer Bellena, 1,463
To Hull, per steamer Ohio, f>50.
To Havre, per steamer La Gascogne, 994 upland and 75
Sea Island
£i50
1,069
To Bremen, per steamers Bremen, 4,409
Grosse, 3,393
6,631
1,463
Friedrich der
Trave. 1.089
To Hamburg, per steamer
To Antwerp, per steamers
Pretoria, 250
British Empire,
150 ..KensingALEXANDRIA RECEIPTS AND SHIPMENTS OP COTTON.ton, 899
arrangements we made with Messrs. Davis, Benachi
Through
To Copenhagen, per steamer Thingvalla. 100
& Co., of Liverpool and Alexandria, we now receive a weekly Nbw Orleans- To Liverpo 1— Sept 18—Steamer Navigator,
Sept.
2,7h7 .. .Sept. 19— Steamer Nicaraguan, 2,612
oable of the movements of cotton at Alexandria, Egypt. The
21— Steamer Dictator, 6,300
following are the receipts and shipments for the past weeh
To Belfast—Sept. 21— steamer Inlshowen Head, 600
and for the corresponding week of the previous two years.
To Havre—Sent. 15— Steamer ItaUan Prince, 6,461
8,891
250
1,049
100
11,699
eOO
5,481
September
THE CHRONICLE
23, 1899.]
New OttLBwa— (Concluded)—
Total bales.
To Bremen-8ept. 21— Steamer Livland, 2,010
To Copenhagen— Sept. 19-Steamer Florida, 1,109
To Barcelona -Sept. 16 -Steamers Catallna, 2,929; Miguel
Jover, 4,800
2,010
1,109
7,729
...
—
8,448
Sept. 16—
To Havre— Sept. 15— Steamer Riojano. 12,656
23,756
Steamer Degama, 11,100
To Bremen— Sept. 18 -Steamers Asbmore, 3,411; Maria
11,032
Rlckmers, 7,621
Sept.
To Rotterdam— 8«pt. 14— Steamer Trevanion. 4«0
20— Steamers Caithness, Cynthia and Lord Kelvin, 4,737.
To Antwerp— Sept. 16— Steamer Elewiok Park, 4,100
Texas City, &c.— To Mexico, per railroad, 36 i.
Mobile— To Liverpool- Sept. 21— Steamer Huntclifi. 3,930
bAVAKNAH—To HavTC— Sept. 16 -Steamer Thornley, 6,250
To Hamburg - Sept. 6 - Steamer Thornley. 700
To Genoa-Sept. i6— Steamer Abbazia, 3,0^0.
To Trieste— Sept J6— Steamer Abbazia, 1,100
5,137
4,i00
36i
3,930
6,250
700
1
Oharleston- To Bremen— Sept. Ifi— Steamer Honiton, 8,500.
Wilmington—To Bremen Sept. 20— Steamer Ormesby. 9,867.
Norfolk— To Hamburg— Sept. 8— Steamer Crewe, 1,077
Boston-To Liverpool— Sept. 12—Steamer Winlfre'Uan, 1,328
Sept. 19— Steamer
Sept. 18-8teamer Sachem, 722
1
ArmcDJan,
3,050
1,100
8.500
9,867
1,077
4,533
2,4 83
To Halifax— Sept. 16—Steamer La Grande Diichesse. 11
To Grand Bank, N. F— Sept. 16-Sohooner "W. E. Young, 1.
BALTiMORh:—To Liverpool— Sept. la— Steamer Quernmore,
2,9'8
:
11
1
2,918
600
100
To Havre Seit. 15—Steamer Iran, 600
To Antwerp— Sept. 13 - Steamer Fitzclarenoe, 1 00
^
^
Tot»I
168,591
The particulars of the foregoing shipments, arranged In
oar usual form, are as follows.
etreat FYeneh Oer- —Oth.lFrope-^ Mexico,
Japan. Tola.
<tc.
Srit'n. ports, many. North. South.
20,003
«ew York. 8,644 1,069 9,141 1,149
28,608
N. Orleans. 12 299 5.461 2.010 1,109 7,729
76,981
Galveston 3iJ,»56 23,756 ll,0.i2 9,237
362
vasa**
*«« ***•« W \J ^ •«•***
Tex.C.&c.
m m * ^
«*a*«a
3,930
Mobile
3.930
11,IU0
Savannah
700
4,150
6,250
8.500
Charleston
8.500
m
*
WUmlngt'n
«_
«7*c5o/
Norfolk
Boston
Baltimore.
•>>>
9,867
1,077
4,545
3.618
12
4.533
2.918
6C0
'.'.'.'.".
'.'.".".
"i'o'o
168,591
374
of disasters to
Below we give all news received to date
ressels carrying cotton from United States ports, &c.
Alexandra, steamer (Dan.), from New Orleans for Copenhagen, with
359 bales cotton, after being floated off OoncU reef by wreckers,
re-loaded and proceeded for Newport News Sept. 15.
Cotton freights at New York the past week have been
is follows
65,280 37,136 42,327 11.595 11,879
Total....
Satur.
Liverpool,
M.on.
30
Do
Do
c.
30
30
30*
30*
SO-
35
25
30
30
45
45
40
35
25
30
35
25
30
30
45
45
45
353)40
35
35
25
30
30
45
45
45
BS
25
30
30
45
45
%
35® iO
35
35
I9
H
^
Trieste, direct. . c
.
Antwerp
30
30'
35«40
V. Hull...c.
V. Gopen..c.
Genoa.
30
30*
30
45
45
45
35® 40
35
c.
Hamb..e.
V.
30
35
25
30
27 >a
45
45
40
—
Beval,
Fri.
30*
Sept..({.
Havre
c
e.
Bremen, Sept
Hamburg, Sept..e.
Amsterdam
c.
Rotterdam
Wednes. Thurs.
rue<.
d.
45
35^40 33»40
35
35
Sales of the
week
bales.
Of which exporters took...
Of which speculators took.
Sales American
—
Actual export
Forwarded
Total stock— Estimated
Of which American-Est'd.
Total import of the week
Of which American
Amount
afloat
Of which American
38,000
3,000
52,OOC
4,000
33,000
8,000
54,000
890.000
816,000
7,000
3,000
24,0OC
20.000
49,000
12,000
52,000
843,000
774,000
14,000
6,000
32.000
29,000
Sept. 15
57,00c
3.700
1,500
51.000
6.000
51.000
805.000
73 'J. 000
20,000
15,000
35,000
32,000
22
Sept.
Sept. 22.
55,00<
l.OOr
1.000
50,00.
5,000
52.00C
762,000
699,000
14,000
11,000
91,00c
88,000
The tone of the Liverpool market for spots and futures
each day of the week ending Sept. 2-3 and the daily closing
pTioes of sp(j.t cotton, have been as follows.
Sat'day.
Market,
1:45
P.
M.J
Mid. Upl'ds.
Bales
Bpeo.
& ezp.
Futures.
Mad-ket, i
1:45 p. M.J
Market,
4 p. M.
i
\
Quiet.
Monday. Tuesday. Wed'day. Thursd'y Friday.
In
doing.
Fair
business
doing.
Fair
buvem Quiet and business
tjrm.
faior.
Fair
business
doing.
3B8
31732
31732
317s2
31932
3193.3
7,000
10.000
8,000
10,000
500
500
500
500
12,000
1,000
10,000
1,000
Barely
Quiet.
Irreg. at
1-64 aa-
Quiet.
Quiet but
steady
steady.
Steady.
Steady at
vance.
Barely
steady.
vance.
Quiet at
•^-(^i advance.
Steady.
Steady.
Firm.
2.4J4
ad-
Tnes.
Wed.
Tlinrs.
Frl.
12i«
1 145 4 1:45
4 1:45 4 1:45 4 1:46 4
P.M. P.M.P M I M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d.
d.
September. 3 29
3 27
Sept.-Oct.
Oct. -Nov.... 3 25
Nov.-Deo... 3 24
Dec- Jan.... 3 23
Jan.-Feb... 3 23
Feb.-Moh... 8 24
Moh.-Aprll. 3 24
April- May.. 3 25
May-June 3 26
lune-July 3 26
July- Aug.. 3 27
-1
d.
d.
d.
d.
a
d.
3 29 3 28 3 29 3 30 3 31 3 34 3 34 3 33
3 273 26 3 27 3 2«< 3 29 3 32 3 32 3 32
3 25 3 25 3.6 3 27 3 27 3 31 331 3 30
3 24 3 23 3 '25 3 25 3 26 3 29 3 29 3 2^
3 23 3 23 3 24 3 25 3 25 3 29 3 29 3 28
32:^3 ?3 3 24 3 24 3 2t 3 29 3 29 3 28
3 2413 23 3 24 3 25 3 26 3 29 3 29 3 29
3 24'3 24 3 25 3 25 3 26 3 30 3 30 3 29
3 2.S 3 24 3 25 3 26 3 27 3 30 3 31 3 30
26 3 25 3 1!6 3 27 3 28 3 31 3 31 3 31
3 263 2=1 3 27 3 27 3 28 3 31 3 31 331
3 27 3 26 3 27 3 28 3 29 3 32 3 32 3 32
'
d
33i
d.
d.
3 36 3
3 34 3
3 33 3
3 32 3
3
3 31 3
331 3
3 32 3
33^ 3
3 33 3
3 33 3
3 34 3
36
31
32
31
31
31
31
32
32
33
33
31
339
3
3
3
3
3
3
3
3
3
3
3
37
36
34
33
33
34
34
35
36
36
37
BREADSTUFFS.
Friday, Sept. 22, 1899.
Business in the market for wheat flour has been quiet. The
West Indian trade has been a slow buyer and there has been
practically no demand from the other side. Jobbers also
have been only very moderate buyers, they as a rule having
operated on very conservative lines, purchasing only such
supplies as have been needed for current wants.
There
has been, however, no pressure to sell flour, particularly of
the desirable grades, and values have been well maintained.
Rye flour has had a nand-to-mouth sale at steady prices.
Buckwheat flour has been quiet bat steady. Corn meal has
been in moderate demand and steady.
Speculation in wheat for future delivery has continued on
a moderate ecale only, and for the week prices showed no decided change. Immediatelj^ following our last report there
was a slight advance in prices, in response to stronger foreign
advices and prospects of a better export business. Monday,
however, there developed a weaker tone, the improvement
Ijeing more than lost under fairly free selling, principally by
longs to liquidate their accounts, prompted by an unexpected
large increase in the supply in sight. Favorable conditions
in the winter wheat-belt for fall sowing and a free movement of the crop also had their influence against values. Duringthe latter part of the week the market again turned stronger
and there was more activity to the trading. A feature of the
trading was fairly free buying to cover contracts. The
failure on Thursday of a large speculative house in Chicago
identified with the bear side of the market and understood
to have a large outstanding short interest caused something
of a flurry in the speculative market, prices at one time
showing a fairly sharp advance. Most of this advance, however, was subsequently lost. Business in the spot market
has been fairly active, shippers being buyers, and prices have
followed futures. To-day the market was fairly active and
higher in response to stronger foreign advices, large export
clearances and buying by shorts to cover contracts. The
spot market was moderately active and higher. The sales
for export here and at outports to-day were 256,000 bushels.
DAILY CLOSING PRICES OF NO 2 RED WINTER IN
YORK.
Sat.
Mon. Tues.
Wed. Thurs.
FH.
74^4
7414
74%
Cash wheat f. o. b
74%
75%
7638
NEW
7312
76i8
79i8
Sept. delivery in elev
72 "a
73
7512
78I3
75%
7858
Sat.
Sept. delivery in elev
Dec. delivery in elev
May delivery In elev.
Mon.
Tues.
71^
7058
7038
73^4
7058
7058
73ia
70*4:
73 14
76%
79
7339
7658
7913
74ifl
773^
8OI4
CHICAGO.
Wed.
7138
7118
7418
Thurs.
Fri.
72
74
71^8
72^8
13^
74%
7553
Indian corn futures have been more active, particularly in
the Western market. A squeeze in September contracts in
Chicago has been the feature, and shorts in their efforts to
cover contracts have advanced prices about 2c. per bushel.
There has been a fractional advance in prices for other deliveries on moderate buying, stimulated by the continued
good cash demand, less favorable weather conditions for
handling the new crop, and some complaint from the West of
poor grading. Business in the spot market has been active,
as shippers have been good buyers, and prices have advanced
slightly. To-day the market was higher on buying by shorts to
..
cover contracts, stimnlated by the continued good cash deThe spot market was active and firmer. The sales
for export here and at outports to-day were 980 000 bushels.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NE^V Y'ORK.
mand.
Sal.
Cash corn.
Spot.
Iflon.
to
lb.
—
Sept. 8
l-64d.
DAILY CLOSING PRICES OF NO. 2 SPRING IN
Liverpool. By cable from Liverpool we have the follow
ing statement of the week's sales, stocks, &o., at that port,
Sept. 1
Sat.
Sept 16
Deo. delivery iu elev
May delivery in elev
^
Ghent,v.Antw'p.d
63,
^32
°32
^32
^32
Quotations are cents per 100 lbs. or fractions of a penny per
* And 5 per cent.
and 3 01 means 3
1
24,508
....Sept. 19-Steamer Springwell, *.628
To Manchester— Sept. 20— Steamer Ramon de Larrinaga,
8,448
i he prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low Middlirg
clause, unless otherwise stated.
;^* The prices are given in pence and 64,ths. Thus : 2 63 meat s
2 <I3-64d..
Cargo to Hamburg last week per " Polarla," not '• Aadoal."
Galveston— To Liverpool- Sept. 15 -Steamer Elsie, 6,285 ..
Sept. Itt— Steamers B nediot, 7,42.^; Electrician, 6,172
659
f.
o.
b
Mo7i.
Tues.
Wed.
39%
39%
40
40
38i2
Thurs.
39-8
3^34
3614
H{>%
Fri.
4'.7g
38^8
3912
38%
37 18
3614
a638
3Gi8
3538
3&58
3558
SS^e
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN CHICAGO.
Tues.
Wed.
Thurs.
Fri.
Mon.
Sat.
31I4
3433
3438
34
Sept. delivery in elev... 3238
32%
30i8
'-914
Deo. delivery in elev.... 28%
29%
28%
i9H
30i8
30i«
30ia
SQifl
May delivery in elev
2958
29%
Sept. delivery in elev. ..
Dec. delivery in elev....
May delivery in elev
36
3812
S.'^'a
Oats for future delivery at the Western market have received some attention and there has been a slight advance in
prices.
The principal strengthening feature has been a
good cash demand and this has had a tendency to induce
speculative sellers to buy back their contracts. Sympathy
with the advance in corn also has been a factor. The local
market has been fairly active and firmer. Both the home
THE
660
CHKOI»iICLE.
trade and exporters have been fairly good buyers. To-day
the market was firm and higher. The spot market was
firmer but quiet.
DAILY CLOSIMO PRICES OP OATS IN
YORK.
Fri.
Wed. Thurs.
Sat.
Mon.
Tues.
26I4
2714
28
27
28
26^
Ko. 2 mixed in elev
NEW
No. 2 wliite in elev
28
29
28%
29
2913
29»4
DAILY CLOSING PRICES OF NO 2 MIXED OATS IN CHICAGO.
Thurs.
Fri.
Sat.
Wed.
Mon. Tues.
2218
2238
22%
22
21 ~8
Sept. delivery in elev... 2158
Dec. delivery in elev
May delivery in elev
2m
2138
2234
2158
2314
2l''«
2218
2338
and unchanged.
Cloakings steady, with moderate business.
Dress goods firm and in fair request. Flannels and blankets
firm but business light.
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending Sept. 18 were 8,744
packages, valued at |845,612, their destination being to the
points specified in the tables below:
1899.
Nbw York to
22%
24
Rye has been firm but quiet Barley has been in only
limited demand but values have been well held.
Following are the closing quotations:
FLOUR.
Patent, winter.... $3 65 ©S 85
Fine
$2 15 ®2 25
2 30 @2 45
City mills, patent.. 3 95 ®4 05
Superfine
Ryeflour,8upertlne 3 10 -©3 50
2 15 @2 55
Extra, No. 2
2 70 @i 85
Buckwheat flour.. 2 50 ®2 60
Extra, No. 1
2 90 ®3 20
Corn meal—
Bakers' extra
2 15 ®2 20
3 25 ®3 50
Western etc
Straights
2 25 @2 30
3 75 ®4 50
Brandy wine
Patent, spring
(Wlieat flour in sacljs sells at prices below tliose for barrels.)
GRAIN
c.
c.
0.
c.
Corn, per bush—
Wheat, per bush.—
38%®41i8
8158®8338
Western mixed
. HardDuluth,No.l
39i8®41i8
N'th'nDuluth.No.l 78''8@8058
No. 2 mixed
4oi4@42
Western yellow
Red winter, No. 2. 74l4®7638
40%@42i2
Western white
N'tbernN. Y. No.l 7838®80i«
Bye, per bushOats— Mix'd,perb8h. 27 a)29
61i2®64
Western
White
28 'ai33
60 ®63
No. 2 mixed
27%®29
State and Jersey
29iaa'31
Barley— Western
48 ®55
No. 2 white
Feeding
41 ®47
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 Sept. 18 as follows:
Weather. — Rain is very generally needed, more particularly for
plowing and fall seeding, from the East Gulf Coast northward over
Tennessee, the upper Ohio Valley, the interior portions of the Middle
and South Atlantic States, the lower lake region arid northern New
England, over much the greater portion of which area practically no
rain fell during the week. Drought continues over a large part of
Texas, and rain is also needed in Nebraska and portion.s of Iowa, Wisconsin and Michigan. Light to heavy frosts occurred in the lake
region. New England and in portions of the Middle Atlantic States
and Ohio Valley, causing but little damage except over northern
Michigan and portiuns of New York and New England, where late
crops were damaged to a greater or less extent. The weather conditions on the Pacific Coast have been highly favorable.
Corn.— Some late corn in Northern Michigan was badly damaged by
frost; frost also caused some injury to late corn in portions of Wisconsin, New York and Northern New England, but on the whole the
weather conditions of the past week have been favorable for the unmatured portion of the crop, which is now practically safe from
further damage from frosts. Reports indicate that late corn has suffered material in.]ury in consequence of drougatin the great corn States
22'78
[Vol. LXIX.
1898.
Sept. 18.
Week. Since Jan.
Since Jan. 1.
Week.
1.
23»fl
.
of the central valleys.
Wheat.—The weather conditions have been favorable for thresliing
spring wheat in the Dakotas and Minnesota, in which States this work
has been much delayed by rains of the previous month. The North
Paciflo Coast region has also experienced favorable conditions for the
completion of harvest and threshing, the reports from Oregon indicating that the injury resulting from the rains of August will be less
serious than was anticipated.
Tobacco.— The weather has been favorable for finishing the tobacco
harvest and for curing.
Apples —The condition of the apple crop continues unchanged,
though possibly somewhat improved in portions of Kansas and Okla-
Great Britain
Other European
China
India
Arabia
36
724
5,494
Africa
West Indies
1,586
1
185,089
1,8S0
34,539
12,293
22,260
3,207
7,578
33,577
5,840
972
654
209
186
,
Mexico
Central America. ...........
South America..............
Other Countries....
1,188
Total
China, via Vancouver*...
8,744
4
187
27
^2i
227
834
75
831
126,935
9,042
25,324
8,342
10,763
3,141
5,356
37,684
13.252
7,738
243 221
5,541
"725
•
308,573
20,784
13,036
8,744
261,257
329,357
7,738
' From New En^iana mill oolnts direct.
The value of the
York exports for the year to date
has been $11,135,666 in 1899. against |8,513,717 in 1898.
The export demand for heavy brown sheetings and drills
has been light, but from the home trade an excess of ready
supplies, and larger for forward contracts than sellers have
been willing to meet. The tone is strong and prices occasionally i^c. higher.
Fine browns are tending upwards and fine
gray goods firm. Ducks are in moderate request at full
prices.
Medium grades of bleached cottons are occasionally
J^c. higher and advances in the better qualities looked for.
The demand is good and the market but poorly supplied.
Wide sheetings are well sold and very firm. Cotton flannels
and blankets scarce. Denims also scarce and recent adPlaids tending upvances well maintained. Ticks firm.
wards; other coarse, colored cottons in average demand at
previous prices. Kid-finished cambrics quiet and urchanged.
Fancy calicoes quiet and prices irregular. American indigo
blue prints reduced J^c. per yard other staple lines of prints
without change. Ginghams of all descriptions continue firm,
with demand ahead ot supplies. Regular print cloths idle at
2^^c. odd goods quiet: prices firm.
Foreign Dry Goods.— Dress goods for spring in fair request, but demand mainly confined to novelties in good
Ribbons unchanged.
srades.
Silks are quiet but firm.
Linens in good demand and prices tending upwards. Burlaps strong at recent advance; market bare of goods. No
change in other directions.
Total
New
;
;
Importatlous and Warehouse Witltdraw^als of Dry Goods
Theimportations and warehouse withdrawals of di^ goods
at this port for the week ending Sept. 21, 1899, and since
January 1, 1899, and for the corresponding periode oJ last
year are as follows:
s
:o
ir
Oft
^
>-t
8P
•
•
Si
»;
a
;
.
'
*
to
ij
homa.
Plowing.—In the Central Gulf States, the Ohio Valley, over the
northern portions of the Upper Lake region and New England, and in
a
portions of Iowa and Nebraska, the soil conditions have'been too dry
to admit of plowing, but in Colorado, Kansas, Oklahoma, Missouri and
m
.
9
o
QD
o
£
s
•
•
I
•
•
•
B
•
(
t
1:
Q 1;
•
1
Central Illinois favorable progress has been made.
For otber lablea usually grivcn here see pane 626.
^~
T
>-•
THE DRY GOODS TRADE.
Mew
York, Friday, P. M., September
00
22, 1899.
in all de-
The market for cotton goods continues strong
partments but printed calicoes. Staple goods of the order of
brown, bleached and coarse colored cottons, white goods and
ginghams, are as scarce aa at any time of late, and even
more heavily sold ahead than before. A portion of the demand coming forward regularly goes over day by day
unfilled, and indications are all in favor of undiminished
strength for a considerable time to come, and a higher range
of values in most directions. Sellers are reserved in committing themselves to forward engagements, the advance in
the price of raw cotton confirming them in this attitude at
the close of the week. Advances in prices have been occasionally quoted in all the staple divisions, and in contrast
with these a decline of J^c. in indigo blue prints is significant of the disappointing out-turn of the season's business in
calicoes. Reports from the jobbing centres continue encouraging and point 10 a fall distribution continuing up to
an unusually late date this season. Judging from the satisfactory way in which payments are being made, there is no
monetary stringency in the dry goods trade.
Woolen Goods.— A number of lines of men's-wear worsted
fabrics have been withdrawn from the market, production
being sold up. The American Woolen Company announces
that all its worsted mills are sold up for the season. There
has been no change in the prices of either plain or fancy
worsteds, but with such conditions prevailing as just named
and with the advance in raw material reported from London
this week a higher range of values in the near future is
regarded as probable. All wool goods are irregular, the demand for the better grades having proved unsatisfactory in
a number of directions. Medium grades are steady. Satinets
and low cotton-mixed varieties dull. Overcoatings quiet
2,551
M
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September
m^
\r/kit
THE CHRONICLE.
23, 1899.]
Ojty ^tffiw^yttm.
News
661
Bids for Purchase of Bonds.
Virginia.
—The Commiesion-
evA of the Sinking Fund will receive offers until Sept. 19,
1899, at 3 p. M., for the sale to them of $114,000 bonds issued
"
Feb. 29, 1892, known as "century bonds
—
Items.
Bristol, Tenn.— Bond Litigation.— This corporation has
institnted a suit against the bondholders of the South Atlantic & Ohio Railway to have set aside an issue of |25,000
bonds made some twelve years ago in aid of that road. The
grounds for the suit, according to the Nashville " Banner,''
are that the Act authorizing these bonds was illegal, that
the route of the road was changed after the bonds had been
voted, and that no vote had been taken after the change in
the route, which shortened the road by about sixty miles.
Nassau County, N. 1.— Injunction Continued. — On Sept.
continued the
19, 1899, Justice Jenks in the Supreme Court,
obtained by W. H. Hamilton, a tax-payer, re
injunction
straining the county officials from delivering $100,000 bonds
to Seymour Bros & Co New York. It is stated that Justice
Jenks, in his decision, said that he could not regard the procedure as akin to private sale, but that the competition was
thrown open to the New York firm alone, while the public
interests demanded that the sale should be thrown open lo
McKenna and others. See Chronicle July 22 and 29 and
Washington. Warrant CaZZ.— State Treasurer Young has
payment warrants Nos. 42,786 to 44,290. inclusive,
called for
on the general fund.
Bond Proposals and Negotiations
week have been as follows
Antigo, ^is.— Bond Sale.— It
this
:
is
stated that the $10,000
city-hall bonds and $8,000 school bonds have been awarded
Co., Chicago, at 102-972. Securities bear
to Farson, Leach
i% interest and will mature in ten years.
Avon, N. Y. Bonds Defeated. At an election recently
held in this village the proposition to issue $12,100 waterworks bonds failed to carry.
,
&
—
Baltimore, Md.
Bonds Purchased. — The Commissioners
of Finance on Sept. 20, 1899, purchased $4.50,000 of city stock
for the sinking fund. One hundred thousand dollars of this
amount was purchased from the electrical subway loan and
the remainder from the $4,000,000 loan of 1945.
Beaverhead County, Mont.— Bids.— Following are the
Ang. 19, 1899.
_.
bids received Sept. 6, 1899, lor the $40,000 i% refunding
Nassau Coanty— Queens County, N. Y.—DebtDtviston.— bonds
The ruling of ex- Judge Brown, referee in the division of the
J. Hayes & Sons.SCleve...
Queens County debt between iSassau County and New York Henry EIIIdk. VirEinia City. ,$40,505 00 W. P. Thompson, Dillon (for.$37,710 00
40.360 00 F.
Seymour Bros. & Co., N. Y
are advised that
.
,
.
We
.
City, has been confirmed by the courts.
the case will be appealed. See Chronicle July 15, 1899.
are
Siiiney, Ohio.— Temporary Injunction Dissolved.—
advised that Jasper Wade was recently allowed a temporary
injunction restraining the city from collecting taxes to meet
the interest on improvement bonds. Suit was at once
brought in the Common Pleas Court for a dissolution of this
injunction, which the Court gratted. City Treasurer B. B.
Amann was also authorized by tbe Court to pay ihe coupons
due Sept 1, amounting to $3,000. Mr. Wade has appealed to
the Cncnit Court and a hearing will be had on Oct 30, 1899,
Washington County. Neb.— ^onrfs Illegal —The foUowmg
dispatch irom Blair. Neb., dated Sept. 6, 1899, appeared in
We
.
.
Flr.stNat. Bank, Butte
40,li7 00
26,870 00
$20,00u)
As stated last week, bonds were awarded to Henry EUing.
Binghamlon, N. Y.— Temjoorar?/ Loan, —The city has again
renewed the note of $59,424 20. As has been explained in the
Chronicle, this lean is renewed from time to time pending
the settlement of the affairs of the National Broome County
Bank, which failed several yeais ago. As the city is secured
by a bond and the interest is being paid by the bondsmen,
the obligation is purely a nominal one.
Bowling Green, Ohio.—BoTid Sale.— On Sept. 18, 1899, the
$10,000 4% refunding bonds were awarded to the First National Bank, North Baltimore, Ohio, at lll'lOS. Following
are the bids
:
the Omaha "Bee :"
At an adjourned session
of the District Court yesterday. Judjie Baker in a
decision declared the Sioux Cit v & Pacific Railroad bonds lUeeal on the ground
authorlzina, the issue. The bonds were issued over
that there was no law
thirty years ago and the county has uaid over $56,000 in ir.terest alone. The
bonds and interest together now amount to over tl';6,000. The case will probably go to the Supreme Court.
Seasonaood
Bank, North Bait. $11,110 30
Commercial Bank'uCo., Bow
First Nat.
W.
.
Hayes & Sons,
Cleve... IO.Sd.S
New First Nat. Bank. Colum. 10,3^5
Feder, Holzman \ Co., Cin... 10,-<25
S. Knhn & Sons. Ciniinnati.. If, 168
1
.
& Mayer, Cincin. $10,378 60
& Co., Cincin. 10,365 00
R. Klevbolte
Green
ll.OPB 80
Bank. Bowling Green 10,653
l.ampiechi Bros. Co.. Cleve.. 10,407 00
BrljiKS, Todd & Co.. Cincin... 10,389 OO
ling
E.vch.
J.
00
50
00
00
Principal will mature one bond each March and SeptemWillapa (Pacific County, Wash.) School District.- iSonds ber from 1908 to 1917, inclusive. For further description of
Legal Case Appealed. — Judge Elliott has handed down a de- bonds see Chronicle Sept, 2, 1899,
p. 509.
bonds of this district. As stated
cision declaring valid ?5,0t
Boyden (Sioux County, Iowa) School District.— Bond
in the Chronicle November 26, 1898, the district contested
Sa?e.— On Sept. 15, 1899, the $2,250 5% 1-9 year (serial) rethe collection of a tax for the payment of the interest on
funding bonds were awarded to the First National Bank of
these bonds on the grounds that the bonds were illegal, and
BarnesviUe at 103-42. Following are the bids
off
if legal that other school districts which have been split
Bank, BarnesviUe. $2,327 00 Chas. S. Kidder &Co.,Chicago.*2.251 OO
First
from Willapa since the bonds were voted should pay their W. J. Nat. & Sons. Cleve.
2,283 00 Stoddard, Nye & Co.. Mina'lls. 2,250 OO
Hayes
2,2-0 00 S. A. Kean, Chicago
Kane & Co., Minneapolis
2.250 0<)
share. The case has been carried to the Supreme Court for
Valley.. 2,270
M. Brush,
—
:
.
J. C.
a final decision.
.
Boyden
oo
Montaeue & Co.,K. Citv. 2.261 00
For description of bonds see
2,250 00
D. V.
Bond Calls and Redemptions.
Brazoria County, Texas.
—
Phillips County, Kan.— Bond Call.
John Finch, Township Treasurer, called for payment Sep-
Mound Township,
the State fiscal agency in New York City,
fifteen $1,000 bonds, issued Dec. 30, 1887, in aid of the ChiNebraska Railroad.
cago Kansas
tember
.
Vitzthum, Rock
15, 1899, at
&
Multnomah Counti, Ore.— Warrant CaZ/.— Ralph W.
Hoyt, Couniy Treasurer, has called for payment county war-
ance of $3,990 4$
Chronicle Aug. 26, p. 459.
Bonds Authorized.— The issu-
5-20- year (optional)
bridge bonds has been
authorized.
Cunton, Ohio.— Bond O^enngr.— Proposals will be received
M Oct. 9, 1899, by Louis N. Ley, City Clerk, for the
following bonds
until 12
:
refunding bonds, maturing Sept. 1. 1914.
1,600 West Fourth Street lmprov« ment bonds, maturing $800 in three and $S0O
.*l.°'.5f
in five jears.
drawn upon the general fund, that were 1,200 Fulton Street improvement bonds, maturing $600 in three and COO in five
years.
1,200 Elizabetb Street improvement bonds, maturing $600 in three and $600 in
and indorsed " Not paid lor want of funds,"' from
presented
five years.
August 6, 1898, to August 9. 1898, both dates inclusive. InThe refunding bonds are issued under Section 2701 and the
warrants ceased on August 28, 1899.
terest on these
Ozark County, Mo.— Bond Call This countv called for street bonds under sections 2704 and 2705, Revised Statutes
payment August 20, 1899, bond No. 26, for §500, dated of Ohio. They are dated Sept. 1, 1899. Interest (at a rate
not exceeding o%, to be named in bid,) will be payable semiAugust 20. 889.
Pierce County (Wash.) School Districts.- W^arranf Call. annually at the office of the City Clerk or at Kouotze Bros.,
Stephen Judson, County Treasurer, called for payment New York City. Bidders must satisfy themselves as to the
legality of the bonds before bidding.
Proposals must be
Sept. 1, 1899, the following school-district warrants
made on blank forms furnished by the City Clerk and must
Dist.
of }C(uTants.
Xo. of irnrrants.
Dist.
Ko.
rants, class 36,
—
1
—
:
No.
No.
No.
No.
No.
No.
No.
No.
No.
No.
1—264 to
2—311 10
3—457 to
273, inc., issued 1«P8.
15, inc., issued 1899.
5(H), inc.. issued 18y».
6—44, Issued lSUn.
8—11 to
20, inc.,
issued
1>— 56 to
1
I
l(-93.
10—5784 to 6188, inc.. issued 1898.
15—581 to 644, inc.. issued 18tf»-9»
16-15 to 17, inc., issued 1898.
21—58 to
I
62, inc.. issued 1898.
60, inc., issued 189?.
I
I
I
I
Z3-83 to 87, inc., issued 1895.
34—43 to 47, inc., issued l(-98.
37—28 to 34, inc., issued 1898.
42—55 to 57, mo.. Issued 1698.
46—210 to 212 and 194 and
issued 1898 and 1897.
No. 60-28 to 34, inc.. Issued 1899.
No. 75—11, issued 189».
No. 81—59 to 6 inc.. issued 1899.
No. 86—5, issued 1899.
No.
No.
No.
No.
No,
be accompanied by a certificate from the First National
Bank of Canton showing that $5C0 has been deposited as a
guaranty.
22.">,
",
I
I
larbon School District (Eastland County), Texas.
Bonas Registived.— On Sept. 13, 1899, the State Comptroller
registered $1,600 school-house bonds of this district.
Charleroi, Pa. Bonds Voitd, This place, at a special
election held recently, voted to issue $96,O0U bonds for vari-
—
Grande County, Col.—Bond i.a//.— W. O. Stanton,
CJounty Treasurer, has called for payment Sept. 25, 1899, at ous improvements.
his office, the following bonds, issued Jan. 1, 1889
Chicopee. Mass.— Loau Authorized. — At the regular meetttio
:
Bonds Nos. 1 to 40, inclusive. Series A, $1,000 each.
Bonds Nos. 1 to 4», inclusive. Series B, $500 each.
Bonds Nos. 1 to 21. inclusive. Series C, $100 each.
Bonds Nos. 67 to 6;*, inclusive, Series C. $110 each.
San Miguel, Col.- Warrant Call.— John Wagner, Town
Clerk, has called for payment the following warrants, the
nnmbers being inclnaive
Public improvements. 2938 to 31.^0.
Water works, 3235 to 350n.
:
I
Contingent, 2932 to 2968.
I
Salary, 2686 to 2754.
Interest will cease thirty days from
Stockton, Cal.—Bond Call.— J.
August
16, 1899.
Haines, City Treasurer,
called for payment Sept. 10, 1899, the following bonds:
Municipal Improvement Fund, No. I— Bonds Nos. 41. 42, 43. 44 and 45, Series 9.
Municipal Imirovement Fund, No. 2— Bonds Nos. 25. 26 and 27, Series V.
Municipal Improvement Fund. No. 3— Bonds Nog. 17 and 18, Series 9.
Municipal Improvement Fund, No. 4— Bonds Nos. 26, 20 and 27, Series©.
Municipal Improvement Fund, No. 5— Bonds Nos. 15 and 18, Series 8.
S.
ing of the City G-overnment held Sept. 5. 1899, the Treasurer
was authorized to negotiate a loan of $25,000 in anticipation
of the collection of taxes.
Loan will mature Nov. 1. 1899.
Clark County, IW.—Sale of btcurities.— The St. Louis
"Globe- Democrat" states that the stock of the St, Louis Vandalia
Terre Haute Railroad Company belonging to Clark
County, the face value of which is $100,000, was sold at public auction on Sept. 13, 1899, to D. R. Francis * Co. ot St.
Louis.
Colorado County, Texas. Bond Election. We are advised that the election for the purpose of voting on the question of issuing $30,000 bridge bonds will be held on Sept. 26,
1899.
If authorized, the bonds will bear4j< interest, and the
principal will mature in 40 years, subject tocall after 10 years
&
—
THE CHRONICLK
6B2
[Vol. LXIX.
Colnmbas, Ohio. Loan Proposed.— Tiae City Conncil has Gravel Road bonds at 106 73. Bonds bear 4 J^^ interest and
under consideration a resolution providing for a loan of $50,- will run for 20 years.
Habbard, Texas.— Bond Sale.— Thia city has sold at par to
000 for the use of the sanitary fund.
Coraop<»lis(Pa.) School District.— Bond Saie.— On Sept. J. B, McDaniel of Hubbard $4,500 Q% 10-40 year (optional)
Securities are in denomination of $500,
11, 1899, $8,000 i% refunding bonds were awarded to the Real water-works bonds.
Estate Savings Bank of Pittsburg at 108-27. Following are dated July 1, 1899.
Hudson, Wis. Bond O^ertwgr.— Proposals will be received
the bids
Heal Est. Sav. B'k, Pitts
$8,661 60 Lamprecht Bros. Co.. Cleve... §8.536 40
Denison. Prior & Co., Cleve.. 8.656 00 K. Kleybolte & Co., Cincin ... 8,126 00
I
.
I
Seenrities are in denomination of $1,000, dated Sept. 30,
1899, Interest will be payable semi-annually, free of State
tax. Principal will mature Sept. 30, 1929.
Cranston, K. I.— Bond O^ering.— Proposals will be received until 3 p. M. Sept. 25, 1899, by Daniel D. Waterman,
Town Clerk, for $50,000 gold bonds. Securities are in denomination of $1,000, dated Nov. 1, 1899. Interest will be
payable semi-annually at the office of the Town Treasurer.
Principal will mature Nov. 1, 1939.
H
Creslon, Iowa. Loan Authorized.— The City Comptroller
has been authorized to negotiate a loan of $3'J,000 for six
months at a rate of interest not exceeding 4^.
Cnba, AHegauy County, N. Y.— Bond Sale.- On Sept. 16,
water bonds to
Following are
1899, this village sold $4,000 S%% coupon
Isaac W. Sherrill, Poughkeepsie, at 102 '07.
the bids
I.
\V. Sherrill. Poughkeepsie.... 102-07
102-00
Co.. Cincin
K. Kleybolte &
R. B. Smith & Co., New York.... 101100-25
Geo. M. Hahn. ^ew York
1
I
|
Securities are in denomination of $1,000, dated Oct. 3. 1899;
interest will be payable October 1 at the Cuba National
Bank, Cuba. Principal will mature one bond yearly on
October 1, fiom 1920 to 1923, inclusive. Bonds were authorized at a special election held on Sept. 2, 1899, by a vote of
50 to 29.
Dnrliam, N. C. Securities Owned by City Sold. This city
recently sold one thousand shares of stock which it owned in
the Durham
Northern Road to D. Y. Cooper of Henderson
for $33,500.
Falls City, Neb. Bids.— Following are the bids received
Aug, 28, lb99, for the $31,000 4% refunding water bonds
Stoddard. Nye & Co., Minn ..$31,045 00 Denison, Prior & Co., Cleve
$31,000
Lampreoht Bros. Co., Cleve.. 31,108 50
As Stated in the Chronicle Sept. 2, 1899, the bonds were
Co,, Minneapolis, at 100'145.
awarded to Stoddard, Nye
Oalion, Ohio.— Bond Sale.— On Sept. 15, 1899, the $3,500
4J^% refunding electric-light bonds were awarded to Briggs,
Todd
Co., Cincinnati, at 107 -571. Following are the bids
BriBKB, Todd & Co.. Cincin... $3,765 00 Denison, Prior & Co., Cleve... $3,69fi 50
—
&
:
|
|
&
&
:
I
SeasoDROid (S Mayer, Cincin..
liamprecht Bros. Co., Cleve....
3,757
3.754 10
K. Kleybolte & Co., Cincin.... 3,7t 3,75
8.76-.i
Feder, Holzman & Co., Ctn
Atlas ^at. Bank, Cincinnati.. S.tSO 00
Me^er&Kiser, Indianapolis.. 3,748 50
S. Kufan & Sons, Cincinnati.... 3.739 75
<
.
A. Kean, ChicaKO
S.
|
W.J. haves &
.'^,692
50
Sois, Cleve
of Fremont
3,687 00
3,fl;500
New st Nat. B'k. Columbus... 3.667 5ii
First Nat. B'k, Bariiesvllle.... 8.69000
.
Croehan Bank
I
I
I
|
Associated Banks, Gallon
3,5000j
I
Principal will mature Sept. 1, 1909. For description of
bonds see Chronicle Sept. 2, 1899, p. 510.
Gallipolis, Ohio.— Bond >ale.-On Sept. 18, 1899, the $7,000
5% street improvement bonds were awarded to Rudolph Kleybolte & Co., Cincinnati, at 108. Following are tbe bids
:
R. Kleybolte*
Co., Cincin
$7,560 00
Co., Cleve... 7,53-,J
Lamprecht Bros.
Atlas Nat. Bank, Cincinnati.
Bhrks, Todd&Co..Cliicin
Denison, Prior & Co.. Cleve.
.
.
W
7,517 25
I
|
Kuhn & Sons, anclnnati ..$7.472 75
New 1st Nat. B'k, olumbus... 7,405 50
S.
<
Ohio Valley Bank, GhIIipoIis
7,5HiO Claude Ashbrooke
.
7,507 5o
Davis
I
W.J.HayesiS
Sons, Cleve.... 7,505(0
Seasongood & Mayer, Cincin.. 7.: 02 50
Feder, Holzman & Co.. Cm. . 7,493 00
. .
&
polls
First Nat. Bank,
,
7,350 dO
Co.,Clncln. 7,32500
Alcorn, Alt
ys. Galli-
7,300 00
Barnesvllle.. 7,235 Ou
1
Bonds mature $500 yearly from 1900 to
1908, inclusive,
and
$2,500 in 1909.
Galveston, Texas.— Bo«d Sale.— On Sept. 16, 1899, the
sewerage bonds were sold to E.
Gay
Following were the bids
Co,, New York, at 112 0625.
112062 W. J. Hayes & Sons, Cleve
109-376
E. H. Gay &Co., New York
H
f300,(.00 5^ 20-40-year
&
:
I
K. H. KoUinsA Sons. Boston. 111-66
BriBCS, Todd & Co., Cincinnati. .lll-.iii
Feuer, Holzman
Newlst
& Co.,
Cincin... llu-875
5at. Bk., Columbus. ...ll.-oO
|
i
1
I
Lamprecht Bros. Co., Cleve
Uenison, Prior & Co., Cleve...
Spltzer & Co., Toledo
K. D. Shepard a, Co., N. Y
For description of bonds see Chronicle, Sept
108-00
luTi^l
10tt*ei
105-62
2, 1899, p. 510.
Gloucester, N. 3.— Bund Election.— An election will be
held shortly to vote on the question of issuing the $100,000
street- improvement bonds mentioned in the Chronicle
August
12,
1899.
until 8 P. M. to-day (Sept. 23, 1899.) for $4,000 4% city-hall
bonds. Securities are in denomination of $5( 0, dated Oct. 1,
1899.
Interest will be payable annually on February 1.
Principal will mature one bond yearly on February
1
from
1902 to 1909, inclusive.
Irvington, Ind.— Bond Sale.— On Sept.
3'65^ 9-year (average) school
Wild
Co., Indianapolis.
&
16,
1899, $3,500
bonds were sold to Campbell,
Irving, Wis. Bunds Defeated.— At a recent election, the
proposition to issue $5,000 bonds in aid of the La Crosse
Black River Falls
Neillsville Electric Railroad was de-
&
feated.
Jonesboro, 111. Bond 0#ertngr.— Proposals will be received until 4 p. M. Sept. 80, 1899, by Adolphus V. Cook, Cfty
Clerk, for $5,000 5% 2 8-year electric-light botds. Securities
are in denomination of $1,000, dated June 1, 1899; interest
will be payable annually.
Kansas City, Ran.- Bonds Authorized.-The City Council
has authorized the issuance of $21,204 ii% internal improvement bonds. Securities will be in denomination of $500, except
one bond, which will be for $204, and all will b« dated Sept.
Interest will be payable February 1 and August 1
15, 1899.
at the State fiscal agency in New York City. Principal will
mature yearly on August 1 as follows: $204 in 1900, $2,000
from 1901 to 1904, inclusive; $2,500 from 1905 to 1908, in-
and $3,00J in 1909,
Kenton, Ohio.— Bond o^eringr.- Proposals will be received
until 12 M. October 9, 1899, by C. W. Faulkner, City Clerk,
for the following 4% street improvement bonds bearing date
clusive,
of October 2, 1899:
Resch Street -Four bonds
$2,214 62
Cenc .mination of $214 6
in
denomination of $500 and one bond in
•.
Lynn Street— Four oonds
in denomination of $200
and one bond in
denomination of $24' 1-.
3,000 00 Wayne Street— Five bonds in denomination of $600 each.
2,000 00 North Street -Five bonds in denomination ol $400 each.
/
Interest will be payable April 2 and October 2 at the office
1,017 18
of the City Treasurer, and the principal will mature one bond
of each series yearly on October 2, from 1900 to 1804, inclusive. Proposals must be accompanied by $.500 in money
or a certified check on some bank in Kenton for tiiat amonnt.
All bids must be unconditional.
Bonds Voted. At an election held Sept. 12, 1899, this
place voted in favor of issuing $15,000 water supply bonds.
This is the third time this proposition haa been submitted
to a vote of the people, the first two elections having^resulted
in defeat for the bonds.
Knox County, Ind.— Description of Bonds.— The $27,718
drainage bonds, which we stated in the Chronicle August
26 had been sold to Campbell, Wild
Co., Indianapolis, at
—
&
1(»7
39,
were awarded to that firm on August
22, lb9'^.
Bonds
bear 6^ interest, payable semi-annually at the National
Park Bank, New York City. They are all in denomination
Principal will mature
ot $5t0, except one, which is for $218.
yearly on August 10 as follows $2,500 from l901 to 904, in:
clusive;
clusive.
$2,718 in 1905,
and $3,000 from 19u6
to 1910, in-
—
La Crosse, Wis.— Bond Offering. Proposals will be received until 2
Sept. 3u, 1899, by Lemuel W. Gosnell,
City Clerk, for $52,000 33.^55 coupon "Bridge and School Refunding bonds."
Securities will be in denomination of
$1,000, dated Oct, 1, 1899; interest will be payable April 1
and October 1 at the office of the City Treasurer. Principal
will mature Oct. 1, 1919. Bonds are issued pnrsnant to an
ordinance passed by the Common Council Sept. 8, 1899
Las Vegas, N. Mex. Bond Election.— On Oct. 5, 1»99, an
election will be held in this city for the purpose of submitting to the people the question of issuing $i5i),000 4;^ gold
water works bonds. If authorized, interest will be pa>able
February 1 and August 1 and in New York City at some
bank or trust company to be named by the purchaser,
and the principal will mature 30 years Irom date of issue,
subject to call alter 20 years. The bonds will piobablybe
offered for st»le early in November.
Lima, Ohio.— Bond Sale.— On Sept. 18, 1899, the $22,500 4%
paving bonds were awarded to the German National Bank,
Cincinnati. Following are the bids
pm.
Harrison County (P.O. Marshall), Texas.— Descript on
of Bonds. The $75,000 bonds recently approved by the Attorney General will bear 4% interest, payable annually. They
will be in denomination of $500. Principal will mature in
40 years, ?10,000 beiog subject to call after one year, $10,000
after five years and $55,000 after ten years. The date for the
$5,000
$3,500
$ 4,000
sale ot these bonds has not yet been determined upon.
Wat- r St,
Linden St.
So. West St.
Harvard, Neb.— Bona Q^eriny.— We are advistd that this German National Bank, Cincinnati
*14,3-4-.i0o
$3.5«o 61
$6 16 00
5,11100
14,31080
3,577
city will entertain propositions at any time for the private Lamprecht Bros. Co., Cleveland
S.l'isOO
ii5<800
14, OhOO
W.J. Hayes & Sous. Cleveland
o,i03 60
3.57 S8
sale of the $9,500 4% 20 year relundiug bondn, bids for which SeasODgood ,& Mayer, Cincinnati
a4,28l>25
5,0P< 95
3,6«84!i
1«,273 70
,
were received and rejected on Sept 2, 1S99. These bonds Miichell Sons. Lima Cleveland
3,oH3 50
&.**2''5
11.2,-250
Den son, Prior & CO.,
14,1-560
3.543 75
are in denomination of $,500, dated Sept. 1, 1899. Interest Atlas Na'iunal Bank, Cinciunati
^v*? 59
6,057 00
3.540u0
14.i5900
Croeban Bank, From, nt
will be payable annually on September 1.
For full description of securities see Chronicle, August
N. ¥.— Bonct 6'a^e.— On Sept. 16, 1899, the
Hornellsville,
26, lfc99, p. 460,
$l'.i, 000 (5? paving bonds were awarded to Ir.aac W. Sherrill,
Llano School District, Monterey Coanty, Cal. —Boad
Following are the bids
p. ughkeepsie, at 106 07.
—
:
:
Bertron & Storrs. Npw York. ...1' 5-25
iJoste. Parktr & Co.. New York.. l(i6-07;
W. J. Hayes & Sous, Cleve
104-H75
10.-60
S. A. Keari. Chicaco
First Nat. Barjk, HTnell9vllle..H5-.'iO
First Nat. .>k., Barnesvllle. C. .lOi-842
K. B. Smith
» o.. New Vork.. .105-42
W.Sbenill, Poughkeepsie.... 106-07
Sav. Bann, Ccrtland... 10600
10.V59
Se^m-.ur Bros. & Co., N. V
1.
< ortland
.fS,
,
,
I
Principal wi'l mature $3 OUO
nomination of
early.
Securities are in debe payable annually at the
York City.
>
$50(1; interest will
-Proposals will be received until 11 a. M. Sept. 30,
by Jas. Taylor, Treasurer of Monterey Cou ty, at the
court house, in yalinas City, for $11,000 6% bonds of Llano
school district. Securities will be in denomination of $i,000;
Principal will mainterest will be payable semi-annually.
0//ertnflf.
1899,
ture as follows:
$2,0u0 in 190u, $2,00U in I9ul, $3,u0.i in 1903,
Han"ver National Baok, New
$2,00U in 1903 and $2,000 in 19 4, Bonds are issued by order
Howard Cou >\y, Ind. Bond Saie.— The County Commis- of the Board of County Supervisors, in accordance vvith the
sioners have sold an issue of $26,000 Jackson Township provisions of sections 1880 to 1888, both inclusive, of the Po-
September
THE CHRONICLR
23, 1899.]
663
—
Bonds Authorized. At a recent meeting of the Board of
Estimate and Apportionment the issuance ot $473,000 policestation bonds was authorized.
Bonds Authorized,— On Sept. 24, 1899, the City Council
authorized the issuance of $1,473,017 63 bonds for the payment of awards for the Twelfth Ward Park.
authorized.
Nez Perce County, Idaho.— Bond Sale— On Sept. 13, 1899,
McFIierson County, Kan.— Bond Sale.— The sale at par of
$50,000 b% 10-20-year (optional) bonds were awarded to Duke
§20,000 5% 2U-year bonds to Spitzer & Co., Toledo, is reported.
Meadow S« h<iol District (Town of East Hartford),Conn.— M. Farson, Chicago, at 10307.
Norwich (Town), Conn.— Bond SaZe.— On Sept. 18, 1899,
Loan I^egotiated. We are advised that this district bas borrowed from the uEtna Fire Insurance Co., Hartford, |2,500 the $115,01)0 33^^% refunding bonds were awarded to the Norwich Savings bociety at 104'41. Following are the bids
payabU " on demand," at 4? interest.
.. 10J'4i
Blodeet, Merritt & Co.. Boston. 102f
August 26, Norwich Savings Society
Melrose, Wis.— -Bonds Voted.— This town on
102-55
N.W. Harris 4 Co.. Boston
K. C. Jones 4 Co.. New York.... 103-52
1899, voted to issue $9,R00 bonds in aid of the La Crosse
l<.3-037 Denison. Prior & Co.. Cleve.
R. H. Rollins & Sons. Boston...
.H 2-889
J02-.'>9
Brieg-. Todd 4 Co., New York.lOii
E. H. Gay 4 Co. Boston
The
Black River Falls & Neillsville Electric Railroad.
..102-8t
E. D. Shepard & o.. New York.lOl'TIT
Blake
town is to receive nintty-five shares of the company's stock, Street,Bros. & Co., Boston
102-76
Wykes4 Co., N. Y
and it is conditional that the road is to be in operation from
Principal will mature in 1913. For description of bonde
La Cro se to Neillsville by 1904. The bonds will be in desee Chronicle Sept. 9, lb99, p, 562.
nomination of $5i 0, and will mature Jan. 1, 1915, subject to
Orlando, Fla.— Bonds Authorized.— The City Council has
call at any time,
decided to refund $25,000 1% bonds now outstanding with 5
Miami Coonty. Ohio.— Bond Sale.— On Sept. 18, 1899, this
county sold S'^7,500 6^ ditch bonds to the Piqua National per cents.
Ottawa County, Ohio.— Bond Sale.— On Sept. 15, 1899,
Bank at 103-363. Following are the bids
$14,000 5^ ditch bonds were awarded to the Fremont Savings
Premium.
Premtutn. Bank at 102-25.
Following are the bids
Plqua National Bank, Plqua. .$925 00 Seasoneood & Mayer, Clncin
607 60
iiOO oo
Feder. Hoizman 4 Co.. Clncin.
928 60 Denison, Prior & Co., Cleve
Fremont Savings Bank
$14,315 00 Croghan Bank of Fremont. .$14,265 GO
New 1st .Nat. Bank. Columbus. 893 75
W.J. Hayes 4 Sons. Cleve... '14.335 00 New 1st Nat. Bk Columbus 14,810 60
Seasongood & Mayer, Cin
14,079i5
• No deposit with bid.
Securities will mature in various amounts every six months.
They wiJl bear date of July 1, 1899, and are issued under the
Securities aie issued under authority of Section 4482, Reprovisions of b> ctions 4479, 4481 and 4482, Revised Statutes vised Statutes of Ohio. They are in denomination of
$500,
of Ohio.
dated Sept. 20, 1899. Interest will be pavable semi annually
Middletown, Ohio. Bonds Proposed.— It is stated that a and the principal will mature on March 20, $4,500 in 1900
petition is being circulated asking the Council to take the and 1901 and
$5,000 in 1902.
necespary steps for an election to vote on the question of issuOverton School District, Modoc County, Cal.— Bond*
ing $100,000 bonds.
Vot'd. This district has voted to issue $1,500 %% 1-10-year
Miunesota. Ldans Authorized. The State Board of In- (serial) gold building bonds.
vestnjtnt has authorized loans from the Permanent School
Peehskill (Village), N. Y.—Bond OJeringr.- Proposals
and University Funds, to the amount of $49,194, to various will be received until 5 p, m. Sept. 28, 1899, by William H.
school districts, and one of |500 to Ihe town of Krochal.
Clinton, Superintendent ot the Water Board, for an issue of
Mississippi Levee District. Certificates Authorized.— from $8,000 to $10,000 Z%i 30-year water bonds. Securities
The Boaid of Levee Commissioners has authorized the issu- will be in denomination of $1,000; interest will be payable
ance of not more than $50,000 certificates of indebtedness.
semi-annually at the Union Trust Co., New York City. SeCertiticates will bear 6^ interest, pa>able in Greenville.
curities are issued under authority of Chapter 4l0. Laws of
Principal will mature within eight months from the date of
1899.
their issuance. Bids may be sent to the Hon. J. M. Jay ne,
Pelham(Town), N. Y.— Bc7id 0/feringr.— Proposals will be
President of the Board, at Greenville.
received until Oct. 6, 1899, by the Town Supervisor, for $7,MuQtgomer> Special School District No. 6, Sjcamore 175 i'i highway-improvement bonds. Seven bonds will be in
Township, Uamilt n County, Ohio.— Bond Q^enng.— Pro- denomination of $1,000 and one bond in denomination of
posals will be received until 12 M. Oct, 4, 1899, by A. J.
|175; all to bear date of Sept. 1, 1899; interest will be payFerris, Clerk Board of Education, at his office in Montable March 1 and September 1 at the People's Bank of Mount
gomery, for $6,000 4,% school building bonds. Securities will Vernon, N. Y. Principal will mature
$1,000 yearly on Sepbe in denomiLation of $100, dated Oct. 4, 1899; interest will
tember 1, fiom 1919 to 1925, and $175 on Sept. 1, 1927.
be payable semi annually at the Second National Bank, Cin
Bonds were authorized by the Board of Supervisors of Westcinnaii, Ohio. Piincipal will mature $3
j early on October
chester County at a special meeting held Sept. 6, 1899.
4, from 1900 to 1919, inclusive.
Bonds were voted at a specFella, I«.wa.— fiond Sale.— On Sept. 14, 1899. the $7,000
ial election held Sept. 9, 1899, and are i- sued under authority
water-works bonds were awarded to H. Rietveld, Treasurer
of Section 3,993 of the R. vised Statutes of Ohio, and by resoof the People's Savings Bank, Pella, at par for 4 per cents,
lution of the Board of Education passed Sept. 13, 1899.
Pro- the purchaser to furnish blank bonds. Following are the bids:
posals must be accompanied by a certified check for $100.
Premium.
For if^Bonds—
Premium^
payable to the order of J. E. Hodge, Treasurer of Board of H.For i% Bondx —
Keitveld, Treasurer, Pella... 'Par
Stoddard. Nye 4 Co.. Minn
^00
Code. Proposals must be accompanied by a certified
check payable to the order of the Treasurer of Monterey
County, in the sum of at least 10^5 of the amount bid.
Lndio^ton. Mich. Bonds Voted. At an election held
August 30, 1899, the issuance of $110,000 water bonds was
litical
—
—
:
.
.
(.
:
:
1
. .
|
. .
I
.
.
I
—
—
Educa'ion.
S.
Mount Yernon,
N.
Y.— Bond
Ojferingr.— Proposals will be
received until 8 p. m. Oct. 3 1899, by the Common Council
for $60,o0o .5% tax relief bonds. Securities are itsued under
authority of Section 142, Chapter 182, Laws of 1892. They
are in denomination of $1,000, dated Oct. 1,1899. Interest
will be payable semi-annually at the office of the City Treasurer. Principal will mature Oct. 1, 19u2. Each bid must be
accompanied by a certified check for $1,000.
Nassau County, N. Y.— Loar^s Authorized.—The County
Treasurer has been authorized to borrow $8,501 63 witb
which to pay the balance due Queens County as Nassau's
share of the bills credited last year, and also $4,500 to pay
the county's share of the interest on Queens County bonded
debt, V hieh becomes due in October.
Ness County, Kan.— Bond Sale,- This county has sold an
issue of $75,< 00 5% refunding bonds.
New Canaan, Conn.— Bond 6'a/e.-0n Sept. 20, 1899, the
$100,00<' 3i^i 30 year funding bonds were awarded to E. H.
Gay
Co., Boston, at 104 28.
Other bids received were
102-25 from E. C Jones
Co.. New York, and 102-27 from
Jose, Parker
Co., Boston. For lull description of securities see Chronicle Sept, 2, 1899, p. 511.
New York City.— Bond Q^erm^.— Proposals will be received until 2 p. M. Oct. 3, 1899, by Bird S. Coler, City Comptroller, for $7,269,107 32 Z%% gold corporate stock, as fol,
&
&
lows
&
:
*J-S^a'?^2*' stocl' 'or a new hall of records, maturing Nov. 1, 1929.
-ri 'il^ «* """ ^ 'or street and park ouenings. maturing Nov. 1. 1939,
100,000 Oo stock for tbe Department of Docks and Ferries, mat urine Nov.
'
1. '02n.
570,000 00 stock for purchase of
1
Long Island water
plant,
matuiing Nov.
1,
'8.
400,000 00 stock for sanitary protection, maturing Nov. 1, 1918.
l.oOO.UOOoo stock for new aqueduct, matuilng Oct. 1, 1919.
Interest on these bonds will be payable May 1 and Novem1, except the latter issue, which will be payable April 1
and October 1. Either money or a certified check drawn to
the order of the City Comptroller upon one of the State or
national banks of New Yorft City for 2% of the par value of
stock bid for must accompany proposals. The above stock
is free from all taxation in the Sute of New York except for
State purposes.
ber
A. Kean, Chicago
tor 4H% Bonds.
*Par
T. B. Potter, Chicago
S. A. Kean, Chicago
Devitt, Tremble 4 Co Chic
Denison, Prior 4 Co., Cleve
,
Trowbridge, Mac Donald
Co.. Chicago
&
G. M. Brinkerhoff, Spr'gfleld
W.
JIOIOO
FoTbf Bo ds.
Hayes 4 Sons, Cleve
26 £0
292 00
87 50 H. Keitveld. Treas'iier. Pella... 310 <0
71 00 Uevitt. Tremble & Co.. Chicago. 177 00
65 00 G. M. Brinkerhoff. Springfield.. 14100
Niver
100 00
Chas. H. Coffin, Clucago
J.
..
4200
And blank bonds.
Principal will mature AprU 1, 1915, subject to call after
April 1, 19' 5. For further description of bonds see Chbon•
iCLESept.
9,
1899. p. 563.
Perth Amboy, N. J.— Bids Rejected.— AW. bids received on
Sept. 18, 1899, for the $15,000 4% judgment bonds were rejected.
Pa.— Bonds Proposed.— The Mayor on Sept.
a message to the City Councils, recommended
that the question of issuing $12,000,000 improved water-supply bonds be submitted to a vote of the people at the NovPhiladelphia,
21, 1899, in
ember
election.
to be Ifegotiated.—VndeT date of Sept. 30. 1899, this
city will borrow from its sinking fund $759,200. Loan will
bear i% interest and will mature within four months.
Loan
PhoeniXTille, Pa.— BoTid Sale.— On Sept. 20, 1^^99, the
$169,000 '6^^% refunding water bonds were awarded to Edward C. Jones
Following are
Co., New York, at 102-55.
the bids
&
:
4 Ca, New York. 102-Po
Sailer & Stevenson, Phila
1« 2-25
BrlgKs, Todd &Co., Cincin
10114
N.W. Harris 4 Co.. N. Y
.10. 0^9
E. D. Sliepard 4 Co.,New York. lol 't 217
Edw. C.Jones
Dick Bros. 4 Co.. Philadelphia. 10102
lol 02
Forrest 4 Co
W.J.Hayes A Sons, Cleve ....101 -CIS?
Lamprecht Bros. Co.,Cleve....l01-011
I
|
i
I
For
full description of securities see
1899, p. 563.
Chronicle, Sept.
9,
Pittsburg, Pa.— Bonds Fofed— At the election held on
Sept. 19, 1899, all of the bond propositions carried. Following is a list of the votes cast for the different issues
:
For $',418,000 for rublie works. 10.055 against. 5,530.
For J282,000 for chanties. 10.919 agaiuxt, 5,444.
For #000.000 for public safely. H .712 against, 5.5S7
For *-^.5C0,0Oi for nitration. Ic.BoS auainst. .").653.
;
;
;
:
For ^200.000 for sewers.
lo.ftO; ajiainst.
5,10!i.
Portchesler, N. Y.— BoTict Qi'ertnflr.- Proposals will be received until October 2, 1899, for $2,500 1, 2 and 3-year parkimprovement bonds.
THE CHRONICLE.
604
—
Porter Coanty, Ind. Bond Sale. This county has sold
f 43,399 bonds, which are a part of an issue of $87,980 authorized for the purpose of building gravel roads in Center Township. The securities sold are 40 bonds of $1,000 each, one
bond due each six months for 20 years; one for $1,000, due
May
and one for
15, 1900.
$199 50, due
May
15, 1900,
$1,000, due Nov.
and one for $199
5. 1899, it was voted to issue from $2,000 to $3,000 Q% 10year public school bonds. Proposals for these bonds will be
received at any time.
Sept.
Saginaw. Mich.—Bond Sale.— On Sept. 9, 1899, this cicy
sold $5,000 S}4% sewer bonds to the Second National Bank,
Saginaw, at 100'15. Securities are in denomination of $500,
dated Sept. 1, 1899; interest will be payable semi-annually at
office of the City Treasurer or at the current official bank in
the city of New York. Principal will mature $500 yearly on
Sept. 1 from 1900 to 1909. Bonds are issued under the authority of the city charter and a resolution of the Common Coun-
15, 1900; one for
50, due Nov. 15,
1900, all at 4% interest, payable semi-annually
on the 15th of
May and November.
Preble Coanty, Ohio.— Bond Sale.- On Sept. 16, 1899, the
$29,000 A% bonds were awarded to the Preble County National
Bank, Eaton, at 103'431. Among other bidders were The
Lamprecht Bros. Co., Cleveland; Rudolph Kleybolte
Co.,
Cincinnati; New First National Bank, Columbus; W. J.
Hayes
Ma^er, CincinSons, Cleveland, and Seasongood
nati.
For full description of bonds see Chronicle Sept. 9,
passed August 21, 1899.
San Antonio, Texas.—Bonds Not Sold.— The $190,000 i%
refunding bonds were not awarded on Sept. 15, 1899, as no
bids were received in accordance with the advertisement.
We are advised by W. W. Johnson, City Clerk, that the
bonds will be sold at private sale if par and accrued interest
can be had; if not they will be re-advertised.
Sedalia, Mo.— Bond* Defeated. At the election held on
Sept. 12, 1899, the proposition to issue $24,000 funding bonds
was defeated. The vote for the issue was 97, while 54 was
cast against the bonds, the majority being less than the twothirds required by law.
Shelbyville, Mo.—Bonds Voted.— At the election held on
Sept. 4, 1899, the Council was given authority to issue $6,000
electriclight-plant bonds. No action will be taken in the
matter of issuing these bonds until the first Monday in Octocil
&
&
&
p 563.
Rapid City,
1899,
—
Proposals for the
S. Dak.— Bond Offering.
$51,000 5% refunding bonds, mentioned in the Chronicle
Sept. 2, 1899, will be received until October 2, 1899. No
action was taken on the bids received on September 18.
the original date of sale.
fall description of the bonds will
be found in the above-mentiored number of the Chronicle.
Reidsville, Ga. Bond Offering.— Proposala will be received at any time by Mayor J. V. Kelly for the $3,000 5%
school-building bonds which were authorized at the election
held on Sept. 18, 1899, by a vote of 43 to 3. loterest will be
payable annually and the principal will mature $1,000 in
1909, $1.(100 in 1919 and $1,000 in 1929.
Rochester. N. Y.— Bids.— Following are the bids received
Sept. 15, IbQd, for the $500,0C0 SJ^jt 20-year local improve-
—
A
ber.
105-69
W. J. Hayes & Sons ($100,000).. 104-63
105'35
J. E. Gavin, Buffalo C«iJ0O,000.). .104-24
)06-I25 Rochester Savings Bank
...104-J25
104 059
Estabrook & Co. ($1(10,000)
r$IOO,'Ol@105-48
100,000@I05-07
N. W. Harris & Co., New York.. 103-916
Rochester Trust Co.
.(lO ©lOfHO
Bertron & Storrs, New York.... 103- 1
average bid lo4'»)16 ] 10
100,OOC@104-73
D. A.Moran&Co.. New York... 103078
102'92
Monroe Co. Savlosis Bank
I 100,0U0@104-41
I
I
.
1924.
I
As
stated last week, bonds
were awarded to Dunscomb
Spokane County, Wash. —Bonds P/-oposed.— The county
&
Jennison.
Rnsh Springs (Chickasaw Nation, Ind. Ter.) School DisBonds Voted — Bond Offering.— At an election heid
trict.
INVESTMENTS.
Government and
Cincinnati Edison Electric Co
Commerce Bids.)
Burr,
3S
Rutland
DBAIiBRS IN
DUE
E. H.
4t'^i%
JVL.Y
ROLLINS
SONS,
Blodget, Merritt
&
16
BOSTON,
60 Devonshire
St.
BONDS
•-'^^^^"
Choice Issues.
Street Railway and Gas Companies.
L.IST
13 Wall Street,
JONES &
CO.,
DEALERS IN
Municipal, Railroad,
Street Railway and Gas
BONDS.
New
York,
riiiladelphla.
1
-
NEW YORK.
&
NiVER Co.
MUNICIPAL BONDS,
Ut
Bank Bldg.
Nat.
•
•
CHICAGO
Nassau Street.
421 C'nestnut St.
Nuveen
John
1st National
MUNICIPAL BONDS.
E. O. Stanwood & Co.
BANKERS,
Devonshire Street.
3^
Devitt,
Tremble
&
Co.,
MUNICIPAL BONDS.
First National
Bank Bnildlne,
F.
R.
FULTON & CO.,
to 6;
ALWAY8 ON HAND.
Bend for our Investment Circular.
Iti'J
Clilcago.
sollcltedL
CHICAGO.
MUNICIPAL BONDS
ilanlolpal Bondi.
Co.,
Beferenee, First NationeU Bank, Ohiengo.
BOSTON.
DUKE M. FARSON.
Bank Building,
Correspondence
New York.
Securities Netting from
&
INVESTMENT BANKERS.
STATE, CITY & RAILROAD BONI)^
ON APPLICATION.
C.
Co.,
Congress Street, Boston.
121
EDWD.
&
BANKERS
CO.,
BANKERS
MUNICIPAL
RAILROAD
CORPORATION
Company,
MUNICI PAL BONDS.
BOSTON.
Monadnock BuildinK.
&
MacDonald
1941.
1,
Ho. 7 Congrress and 31 State Streets,
CHICAGO,
NASSAU STREET,
Gold Bonds,
&.
19 MII.,K STREET, BOSTON.
'Member! of Boston Stock Bxotaange.l
LEVy/IS
Leach
Co. trowbridge,
Railroad
First Mortgage
INVESTMENT BONDS.
BO]VDS.
SEND FOR CIRCULAR.
Farson,
BANKERS^
MASON,
3}4%
** State Street, BoStOU.
I
ADAMS & COMPANY
CITY
IVOK-TAXABLE
9s
&
Perry, Coffin
CO.,
BANKERS,
ot
NEW YORK
3Mb
3Hs
RR
EXCHANGE OF ABOVE SECURITIES.
LISTS ON APPIilCATION.
If NASSAU ST. (Bank
3s
4b
IllinoiH Central. Western Lines
4s
tfeecb Creek RR. 1 (»t MortffBgre
4a
(Prin.anrt int. guar, by N.Y. Central & H. B. RB.)
CbtraKO Rock Islnpd ifc Pacific
4m
4s
Baltimore &, Ohio 1st inortsage
West End 8t. Rr
4J^s
SOLD.
W. HARRIS &
jyNry/ESTiynENTs^
State of 'Maanachusetts
City of Maiden, Mass
Ronton TeniiiDal Co
N. Y. Ceutral «k H. R.
APPRAISBMBNTS MADE OR QUOTATIONS
FURNISHED FOR THE PURCHASE, SALE OR
N.
I
authorities are considering the question of refunding part
of the county debt.
Saffolk, Va.— Loan Authorized.— The Town Council has
authorized a loan ot $2,000, to bear not more than Q% iaterest and to mature in 90 days.
INVESTMENTS.
I
Municipal Bonds
BOUGHT AND
—
Sniethport, Pa.— Bonds Defeated. This borough has voted
against tne issuance of $1,500 bridge bonds.
South Brooklyn, Ohio.— Bond O^eringf.- Proposals will be
received until October 2, 1«99, by W. T. Papikofer, Village
Clerk, for $25,000 5% water bonds. Securities are in denomination of $500, dated Oct. 1, 1899. Interest will be payable
semi-annually and the principal will mature October 1,
ment bonds
Dunscomb* JenniBon, N. Y...
Xiamprecbt Bros. Co., (^leve
H.Lee Anster, New York
[Vol. LXIX.
Banker,
Dearborn Streoi
CHICAGO.
Municipal Bonds,
171
la salle street,
CHICACO.
EPTEMBER
THE
23, 1899.]
HKONICLE
(
Sweet Brier School District, Sliasta County, C&l.— Bond
The County Treasurer has sold an issue of $7,500 7%
1-10-year bonds to the Oakland Bank of Savings at luO-96.
saZe.
—
—
Tiillabassee, Tla.—Bond Election. An election will be
hela to vote on the question of issuing |16,000 electric light^lant bonds.
Tamaqua, Ta.—Bond SaZe.— Following are the bids re
ceived Sept. 12, 1899, for the $47,000 3i<^ 5-30 year (optional)
bonds
666
For description of bonds
see
Chronicle
last
week,
p.
613.
Tyrone, Pa. Bond Election.— At the November election
the question of issuing $35,000 water-works bonds will be
voted on.
Union County, IM.— Bond Sale.— On Sept. 1. 1899, this
county sold 53,300 5% 3 year (average) Huber & Hazen turnpike refunding bonds. Securities are dated fcepember 1,
lb99.
For
Bond
Entire Issue.
101-79
W.J. Hayes
the
& Stevenson, Pbila
& Stevensou (special bid).100-cO
lOl'oO
Tamaqua Banking & Tr. Co
Tamaqua Banking & Trust Co.
Sailer
Sailer
BrittKS,
& Sons (special bld).l' Oef^^
Todd * Co., Cinciu
lOCOa*
Lamprecht Bros.
Co.. Cleve.
.
.100 Oil
.
lCO-00
(special bid)
For Part of
John McCready
103-60
(for$i,000)
Wm. E. WUIIngale (for $b' 0)
Emma L. Horn (for $1.000)
|
.102-1/0
. . .
101-75
I
tlu Issue.
Peter Enrich et al (for $i,eoo).ioo-.^o
Wallace Guss (for $35.000)
l(iO-40
lOOOO
H.J. HeDdler (forn.OOO)
li>r.50
Edw. Cooper (for »30<
W. C. P. O. S. of A. Oor fl.OOO). 100-00
lul-oO
Wm.Sbugg (forSlOo)
Alice Cooper (tor $5C0)
ICO-OO
s;mon Goodbellet (for*l,oijC)...101-50 M.H trlghnfor *10i))
UQ-OO
101-(
Cbrist. Beyrant (for $4,000)
C. Freudenberger (for$7,i00)...l< 0-CO
101-00
100-00
A. E. Push (for $100)
Kraft Berlet (for $800)
Bonds were awarded to Sailer
Stevenson at 101 '79. For
description of bonds see Chronicle September 2, p. 513.
)
I
I
I
I
&
—
Terre Uante, Ind. Bonds Refused Temporary Loan.—
We are advised that N. W. Harris & Co., Chicago, have refused to take the §40,000 4% current-expense bonds awarded
to tbem on July 20, 1899.
The Chicago firm claims that the
city has no authority under its charter to issue bonds for such
purposes— that they "cannot burden posterity with a debt to
be used for their general and present needs." The city's
attorney, however, claims that the bonds are legal and that
a like issue was sold in 1891 and refun(3ecl in 1896, both issues
being then passed upon by legal authority. As the city was
in need of funds, it could not wait for another sale, and so
has borrowed money sufficient for present needs. Loan
will be paid in six months and no bonds will be issued
until that time, if at
Treutou, N.
all.
J—Bond Sale.-On Sept.
18, 1899, the $25,000
^H% 30-year school bonds were awarded to Denison, Prior &
Co., Cleveland, at 106-60.
Following are the bids
Denison, Prior & Co., Cleve
106-60
Edw. C. Jones A Co., N. Y
105-27
:
Offering.— Propoeala
viill
be received until 12 m. Oct.
by Edward M. Fullington, County Auditor, for S5,O0O
^H% 23^-year (average) bridge bonds. Securities will be in
denomination of $500, dated Sept. 1, 1899. Interest will be
payable semi-annually at the office of the County Treasurer.
6, 1899,
Bidders must satisfy themselves as to the legality of the
bonds before bid(3ing. The indebtedness of the county is
represented by $35,000 ditch-construciion bonds.
valuation is $10,400,OCO and the population 23,000.
The tax
—
Uvalde County, Texas.— Bonds Approved and Sold.
Court-house bonds to the amount of $28,500 have been approved by the Attorney- General and gold to J. B. Oldham,
Dallas, at par. Bonds bear 4% interest and mature in 20
years, subject to call after four years.
Valdosta, Ha.—Bond Sale.— On Sept. 16, 1899, this city sold
the $35 OOO 5^ 30-year bonds (which were voted in May last)
Co.. Chattanooga, at 107-57. Interest
to F. M. Stafford
will be payable in Vald'^sta and in New York City.
Bonds Voted. At an election held
Wadesboro, N.
August 31, 1899, it was voted to issue $25,000 water works
and electric-light bonds.
Walla Walla, Wash.— Bouris to he Voted Again —The
Portland '-Oregonian" on Sept. 13, 1899, contained the fol-
&
C—
—
lowing dispatch from Walla Walla:
The attorneys for Morris & Whitehead, the
Portland firm to whom waf
awarded the $350,000 of bonds which WallajWalla is to issue, to buy a system owater works and build a system of sewers, have found a defect In the proceeds
inss which would make the proposed bonds worthless. To care this defeetthe
city MUthoriiies pripuse to call another special election to ratify a new ordinance. Morris & Whitehead offer to pay the cost of hcjldi'g the sperial slection and the expense of printing the bonds, in additiori to the price they first
offered for them, provided ttje bonds are awarded to them after the special
election at the original price, without the formality of again making a competitive bid.
I
ni.5-07
& Co., New Vork...l0o-91 Farlee Bros
.105-873 John D. Kveritt & Co.. N. Y
& Co., Boston.
10501
Blodget.Merritt <S Co., Boston. 105-54
E. D. Shepard * Lo., New York.l' 3-82
N. W.Harris
1
Jose. Parker
I
I
SPITZER &
[EsUblished
CO., GOVERNMENT, MUNICIPAL
"Placer Property, whicli has been
Dealers in High-Grade
Investment Securities,
Western
FOR SALE:
AND RAILROAD BONDS
1871.1
BANKERS,
Making a
MISCELLANEOUS.
INVESTMENTS.
jNyjESTMENTS.
C. H.
WHITE &
CO.,
Bonds.
20 NASSAU STREET, NEW YORK.
iVIunicipal
ri
thorouglily explored and uliicli shows
it to
BANKERS,
BROADWAY. >EW YORK.
AGENTS FOR THE
A.lfGLO-A.MEItICAN BANK,
Marquette, lUich.
Charing Cross, London.
Whann & Schlesinger,
[ndiyidnal Accounts received subjec
to
check at siglit in London
and Paris. Cable Transfers.
and
BROADWAY
•
Lamprecht Bros. Co.
Centnrr BnlldlnK, CliEVELAND, OHIO,
School,
City,
NEW YORK.
THE
DEAXKR8
State,
County,
SECURITIES.
71
WILSON & STEPHENS,
IN
RAILROAD
Bonds.
41
CO.,
&,
LISTS SKNT
C. R.
DBAI.IIIS IN
15
ER.
Securities,
and
MISCELLANEOUS
loatliern Secuiitles a Specialty.
DESCRIPTION.
INCOME.
C. B.
PRICES.
DIVIDENDS.
36
Price In L.eathei Covers,
ot the dironicle.
.
To Subscribers
•
81 UO
73
DEAL. IN
SOUTHERN AND WESTERN WILLIAM
SECURITIES.
ROSENBERGER & LIVERMORE,
(Specialists in Texas Investments),
FORTY WALL. STREET. NEW YORK
INTESTMENT
SECURITIES.
S%.
WALL STREET NEW YORK.
WE
of
UPON REQUEST.
Netting from 4 to
^VALL STREET,
NEW YORK.
HIGH-GRADE WARRANTS
^
Sons,
BAKKER8,
No. 10
Hand-Book
COODE &CO.
&
R. A. Lancaster
NASSAU STREET. NEW YORK.
MUNICIPAL, RAILROAD,
STREET RAILWAY & CORPORATION
Information given and ouotations furnished conoerning all classes of stocks and bonds that have a
Cleveland market.
WiW YORK,
ST.,
Dealers in Bonds of Railroad, Gas and
Other PHhlic Corporations.
IN
BONDS.
WAI^L
Issues of ApproTed
Securities Negotiated.
CINCINNATI, OHIO.
1
BANKERS,
Loans on and
TODD
BRIGGS,
BREITUNG,
N.
E.
Ltd.,
Spitzer Building, Toledo, Ohio.
MUNICIPAL
he a paying property."
Address
Specialty of
DEALERS
Bond Offering.— Fto-
Warren, Marshall County, Minn.
posals will be received until 7 p. m. Oct. 9, 1899, by the City
B.
DANA COMPANY
INVESTMENT SECURITIES,
\¥ALIi STREET, NEtT VORK.
Max
BONDS.
B. Borg,
BROKER
40
Van Nostrand,
IN INVESTMENT SECC7RITIB8.
EXCHANGE
EDWIN
R.
PliACE.
NEW YORK.
LANCASTER,
INVESTMENT SECURITIES,
76K PINE
ST., N. Y.
SoBthom
8oenrltt«a a SyoelaltT.
19 WAl^L. STREET.
HEW VORK.
THE CHRONICLE.
666
Council, at the office of C. S. Hall, City Recorder, for $5,000
10-15-year (optional) funding bonds. Bidders will name rate
of interest at which they will take the bonds. Securities
were authorized at an election held Sept. 12, 1899, the vote
being 62 to 5.
Warren County, Miss. Loan Authorized. The Board of
Supervisors has authorized a loan of $5,000 to defray the current expenses of the county.
—
Washington County, Ohio.— Bonds Aidhnnzed—ThQ
County Commissioners have decided to issue $125,000 courthouse and jail bonds. Securities will be dated Sept. 1, 1^99,
and will mature $3,125 each six months. Other details have
not yet been determined upon and the bonds, we are advised,
will not be sold for several months.
Welliugton, Kan. Bond 6'aZe.— This city has sold at par
to the State School Fund Commissioners an issue of $30,000
A% 20-year refunding bonds. Securities are in denomination
of $500 and are subject to call before maturity.
Wells County, Ind. Bonds Authorized.— The issuance of
$35,000 4% bonds to take up outstanding orders has been
authorized. Securities are
denomination of $1,000, and
will mature $5,000 in 1901 and $10,00J in the years 1903,
1903 and 1904.
Westchester County, N. Y.—Loan Authorized. The County Treasurer has been authorized by the Board of Supervisors to borrow $8,500 in anticipation of taxes, for the purpose of completing the hospital building at East View and to
issue certificates of indebtedness therefor.
Interest will be
at the rate of 5t. and both principal and interest will be payable June 1. 1900, at the office of the County Treasurer.
White Plains, N. Y.— Bond Sale.— On Sept. 20. 1899, the
$60,000 31^^ 30 year water bonds were awarded to Denison,
Piior & Co., Cleveland, at 105 71. Following are the bids
m
—
to Morris
&
[Vol. LXIX.
Whitehead of Portland at par for
W. Harris* Co.. N. Y
Hayes & Sons, Cleve
R. B. Smith & Co., New York.
N.
W.
.f .
Edw.
C.
Jones &Co., N.
Bertron * Storrs, New Yoric
Geo. M. Hahn, New York
I. W. -iherrill, Poughlseepsie
K. H. Gay & Co., New v ork
B.D. Shepard &Co.. N. Y
105-71
. .
Y
106-26
105-17
104-77
1 04-25
104-U7
104-05
J04-03
I114-OO
alOiOO
102-;6
For description of bonds see Chbonicle Sept. 16, p. 614.
Takima County (P. 0. North Takima), Wash.— Bids.—
Following are the bids received Sept. 5, 1899, for about S92,000 20-vear funding bonds, the same having been awarded
Denison, Prior
&
Seymour Bros. &
Wm.
Co., Cleve.
Co., N. Y
27 60
. .
Par
l'ori%% Bovds.
D. Perkins & Co., Seati le
S.
^or 1% Bonds.
A. Kean, Chicago
Fred. H. Smith,
NO. 8 BROAD STREET. IVET^ YORK.
STOCKS AND BONDS.
MASeiy AOOOTTNTS SOLICITED.
&
:
1
,
I
Bertron & Storrs, New York.... 116-08
Westchestor Trust Co
1 14-92
Hahn, New York
11407
Geo.
I
People's Sav. B'k of Yonkers... 112-511
E. D.
M
Shepard
Application. Correspondence
InTlted. Established 1868.
All classes of Unlisted Securities and Traetior
Stocks Bought and Sold.
Bonds mature April 1, 1927.
Yonkers (N. Y.) School District.
Bond Offering —Proposals will be received until 8 p. m. Sept. 26, 1899, by J. H,
Claxton, Secretary Board of Education, for $16,000 S}i% registered bonds. There will be three $5,000 bonds and one
$1,000 bond, all dated Sept. 1, 1899; interest will be payable
April 1 and October 1. Principal will mature $10,000 April
Securities are issued in
1, 1906, and $6,(00 April 1, 1907.
conformity with the provisions of Chapter 548. Laws of 1899,
and of resolutions passed by the Common Council July 10,
Proposals must be accompanied by a certified check
1899.
amount bid.
Youngstown, Ohio.— Bond Sale.— On Sept. 18, 1^99, the
$12,800 4^ Mill Street paving and $375 5% Hilker Street grading bonds were awarded to R. McCurdy, Youngstown, at
103-425 for the former and 104-94 for the latter. Following
for 5% of the
are the bids
a Issues adjusted. Law correspondents in every
Cltvand town in Texas. Trivial business not soUol-
Ited.
M. Smith,
SOUTH STREET.
AUBIJRIV, NEIV YORK,
TO
Makes a
specialty of selling
all
kinds of Securities
by AUCTION. Stocks and Bonds thoroughly adTertised will bring buyers
MghesC bidder
is
when
it
is
known tne
the fortunate buyer.
A. Strassburger,
STOCKS AND BONDS BROKER
Acting President,
AUGUST BELMONT.
L.
Broadway
120
Vice-President,
A. NASH,
Chief Consulting Auditor,
STEPHEN LITTLE.
GREENE.
Flat Bars and 5-ply Plates and Angles
&c.
Cannot be Sawed, Cut, or drilled, and positively
Burglar Proof,
CHROME
STEEL,
WORKS,
Kent Ave, Keap and Hooper Sts.,
SoleMan'f'erslntheU.S. BROOKL.VN, N.Y.
3-P26
1899,
2,
ROPE.
THE AMERICAN
MANUFACTURING
COMPANY,
EDWARD
T.
A. J. Cassatt,
Marcellus Hartley,
Frederic P. Olcott,
Stillmsn,
William A. Nash,
TOJtK.
1899
"TsStK
DIRECTORS
August Belmont,
WALL STREET, NEW
63
PERINE.
James
Joseph s, Auerbach,
George G. Haven,
The United
G. B. M, Harvey.
States Life
Charles R. Flint,
Insurance Co.
George Coppell,
John I. Waterbury,
George W. Young,
ADVISORY COMMI'T'TKE OK ^STOCKHOLDERS.
W. Bayard Cuiting
Walter G. Oakman
T. Jefferson Coolidge, Jr.,
Charles S. Fairchild,
Gustav. E. Kissel,
Isaaf N. Seligman,
b. R. Chapman.
A.D. .luilliard,
Henry VV. Poor,
Louis Fitzgerald,
The Audit Compauy examines and reports on the
accounts and financial condition of corporations,
copartnerships, and individuals, and examines and
reports upun the physical condition of railroad, manofacturing and o'her properties.
Its services are of value to investors, financial inBtltutlons, borrowers of money, directors of corporations, merchants, firms, and purchasers of properties
THE CITY OF NEW YORK.
IV
All Pollclea now laaned by thia CompanT
lontain the followInK clauaes
"After one year from the date of laanei tba
llabllltr of the Company under thIa poller
• hall not be diMPUted."
During l^)98 the Company made material
Increase In Income, aaseta and surplus) and
can thus claim a substantial gain In the
most Important elements of safety and proffreHH.
All
WITHOUT
Death Clalma paid
COUNT as
DIS-
soon aa aatlafaotory proofa hav*
been received.
«
etivt
and
ient this
S^ieccssful AgenU, toiihing to repreCompany, may communicate toitk
HICHARDE. COCHRAN, 3dYice-Pretidentt
at the Home Office, abi Broadway, New York,
OFriOKBs:
OiEORQE H. BURFORD
QEa G. WIIiLIAMS
C. P. FRALEIUH
RICHARD K. COCHRAN
Prealdent
Vice-President
2d Vice-President
8d Vice-President
..Secretary
WHERLWRIGHT
Assistant secretary
KKNWAY
Aoi,nary
STANDBN
WILLIAM T.
Cashier
ARTHUR C. PBRRT
Medlotu Director
JOHN P. MUNN
VINANCX OOUHmaK
A,
The
Company
Investment
J.
L.
:
GEO. G.WILLIAMS
JOHN
FOB SAFES, VAULTS,
S8'^28
«
V. S. PEARSON
WM, BARCLAY PARSONS
FORD. BACON & DAVIS.
310 €he§tnut
Sound and
375 00
12,99250
l-.;,947 00
jyusc^u-i^js^EO^
Consulting Engineers,
of Philadelphia,
GENUINE
WELDED CHROME STEEL AND IRON
1.3,16350
13,105 oO
13 061 00
13,060 40
12.P95 85
WILLIAM
ATjA..
SECURE BANK VAULTS.
....
Htf
p. 514.
Southern Investment Securities.
MOHfTGOMERY,
§13,238
TheCroghan Bank. Fremont
W. M. Wallace, Youngstown
For fall description ol bonds see Chronicle, Sept.
Secretary and Treasurer,
<
Fred.
Paving.
Equitable Building,
ATTORNEY- AT-LA^ir.
Does a general practice in all the higher Courts of
Texas, and before the different departments of the
S ate Government. Bond, Insurance and CorporatloB
litigation, barters and Corporate Permits secured
County and Municipal Bonds examined. Irregular
Bilker St
OradAng.
$893 54
877 50
Mill Street
R. McCurdy, Youngstown
The Dollar Savinsfs & Trust Co., Youngstown
Seasongood & Mayer. Cincinnati
Denison, Prior & Co.. Cleve 'and
The Lamprecht Bros. Co., Cincinnati
Rudolph Kieybolte* Co., Ciuoinnati
New First National Bank, Columbus
OF NEW YORK,
Manager,
AIJSTIX, TEXAS,
York. 111-81
The Audit Company
THOMAS
Robert R. Lockett,
& Co.. New
TRA9rSiniIS§IO]V
INTBREST ALLOWED ON BALANCES,
Market Letter on
11000
Par
Yonkers, N. Y.— Bond Sale.— On Sept. 20, 1899. the $10,000
Co., Boston,
4% paving bonds were awarded to Jose. Parker
at 11 5 '379. Following are the bids
115-379 W. J. Hayes & Sons, Cleve
113-84
Jose, Parker & Co., Boston
Yonkers Savings Bank.. ^^.......116-37 |»l. W. Harris & Co., New York.llS-flO
Allen, Sand & Co New Y'ork...llf>-32
John D. Everitt &C()., N. Y
.113-lP
MISCELLANEOUS.
MJSCEJJ-A^^
per
For 4}>i% Bonds—
Premium.
For 5 Per Cents.
Premiti/m.
Morris&Whitehead.PortI'd.. Par
N.W. Harris & Co., Chicaco. .»6^50 00
For 4i«% Bonds.
R. V. Montague, Kansas City.
Par
E. H. Rollins & S^ons, Boston. .$2,105 00
For(i%B'nds.
W.J. Hayes & Sons, Cleve... 1,477 oo Clark Bros Co., Spokane
500 00
:
Deiilson, Prior & Co., Cleve
John D. Everitt&Co..N. Y
4^
cents
TUCKER
Chem. Nat, Bank
BulldOT
K. H. PERKINS, JB..,Pres. Imp. & Traders' Nat. B k
Philadelphia. JAMBS R. PLUM
Leath
St.,
Pald-U» Capital.
J.
Pres.
•
-
8800.000
This Company nndertakei the negotiation and
(Mue of loans and capital of Companies on the New
?ork or Philadelphia Market and will make advances upon approved Corporate, Personal or Rea
Ristate security.
WM. FRANKLIN HALL
Accountant,
srwalr'sfr".".?^'
BOSTON, MASS,
BiokB audited. Examinations and Investij;*'
Under Its charter rights It will
dons conducted with the T.tmost care
Agent or Manager for the control of corporations
and efficiency.
or for the construction of pnbUo or private workr.
act as Trustee
@FedFRASER