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tB o ts r fift » e r « ; M in K t o A o t o f C on gress, ia t i e y o a r 1 8 9 8 , b y tb s W YOL. 67. il l ia m CLEARING MOUSE RETURNS. E'qht Months. A u gu st. 1897. N e w f o r k ...... 3,511.708.974 2,93d, >66.960 Ph iladelph ia.. 296,570.7111 259,147,40* 67.001,402 80.3 8.99 i P ittsb u rg .. 71.43L.00C 66,7 8.30© B a ltim o re . 17,22l,Hrt5l B u ffa lo .... 17,357,758 6.911,715 W ash in gton .. 7.472,592 R och ester .... 5,98*305 7, *93.2571 3,7*3,034 Syracuse... 4.118,8*1 Scran ton . 3,392.291 3.556,044 3.220. 49 3,1*9.855 W ilm in g to n .. 1,430,700 B in gh am ton.. ____1,836,100 T o ta l M idd li 3.999,453,090 3.376,572,91)5 P ro v ld e n o e ... H a r t fo r d ...... N ew H a ven .. Springfield ... W orcester...., P o rtla n d ........ Fall R iv e r...... L o w e il.............. New B edford. T o ta l N. Bug 410,344.207 49.879,950 33.278.5J. 9 85.109,941 19,798.061 15,103.000 11.774,567 6,441.429 7,497.857 2,«* 20,770 3.2 J0.424 2,664,8 6 1892,344 1.897,100 78*469 748.254 8^2.063 802,901 010,010,802 San Franoisoo. S alt Lake City P o rtla n d ........ L os A n g e le e .. T a c o m a ..., 04,074.120 7,l8Vf.l9*J 6,928 404 6,360.407 3,104.872 6,808.35*< 3,195,036 843,1-2 880.78S 90,994,959 S e a ttle ___ S pokan e... F a r g o ....... . S iou x F a lls .... T o ta l Pacific Kansas City. M inneapolis. O m aha......... St. P a u l... . D en ver........ D a ven p o rt— St. Joseph Des Moines S ioux City L in coln . .. . W lo h lta .... T o p e k a .... F r e m o n t.. . H a stin g s... T o t. o th ’r W. P.Cl * f 19‘ 0 26,393, 502.513 2,391, 642.815 047,,081.982 1-19 w 599. 991.2-3 —3 5 138. 132.175 -0-8 4-7-3 ,,748,033 69,,420,403 4-201 30. 460.79: -H>*9 30, ,5 42,270 +4*1 25,,390.550 —2*8 — 0-0 12 >040.801 ♦•ISA 30,403.621.098 + 144 00 , 47,00),895' 39,207.282 25,709,1131 15,844,424 11,040,9031 3.202.640 12,165.987 4.146.8 8.1*53,884 1,417.10 m 1.728.897 2.404,922 3H6.-40 890, »90..258 + 0 5 3,527,144 041 2.773.024.711+272 *0,284,,4o0 407,101,060) 05-9 430.994,250 29,490,.276 192.250 28J 4-101 238.92o.012 20,390,,*C2 202,620,77 * *-24*1 261.320,401 19,326. 092 +2-4 170,850,048 151,18/.>60 4-130) 14,133,,40u *+■0*9 119.849.450 +1S-0 185.459.300 9.000,,33 5 +22*6 72,318,6-01+33*6 89,342,0-6 50,067,73-) I 0.956.,287 49,050.8-'ll 0-12*2 50,099,094 +13*3 C8.65&.W30 10,810 8>3 84.881.002/ 0-20*3 3,240,,607 81,601,5001 2,491, U0i 80.4/4,706 t-24'9 25,676,19 1.408.,628 10,050,880 4-29 "0 13,807,978 8.870,825 +1 8 9 1.199,,816 t i e 'l l 10,640,94) 8,721,8*3 + * 8 1 965,,10<j f40-3| 10,20(4,200 a i 797 647 8,347.8511 rl4 * ' 7.270,709 733,,551 + 2 0 6,428.106 i-10*0 7,459,182 6,000.0J21 4-1/*/ O, 699,589 793,,401 t-ll*2 5,713.2051 +22*0 678. 8*0 P. U-*9 516 505.090,,344 4.122,00J,l3i|0-23 i 0-7-3, + 12*91 -f-330 -7*4 -2 6 0 fl7*9 +28*8 0-81*1 0-18*8 +7-8 5,078,700,012 09.803. 302 —+8 521,307,577 6.803, 05 i +13*3 52,977,924 6.520. 9 c'l + 0 1 59,555.167 4,319.,799 t-11'2 48.000,70* 29, *15.823 2.287, 706 +38*8 3,342, 958 +58*8 45.403,500 27,311,039 2.781, 23d tin* 7,455,911 304. 721 +176 8,042,029 234. 101 -t-004 9 0 ,*,l,% lo + 0*8 5* •rs 30,400,I,5d0 19,831,.558 4-33* 14,820.1.940 0-6*9 9,825,*.420 + 22 *. 2.559. IP1 0-37-5 5,349..23. +129 41.562,5.781 2,H6i,.9 2 + ***« 2.115,,012 0-41-0 1.305,.439 1,619,,9dd ,193 + 2-0 40). 10rf — 1-1 +30-0*7 2.401. 426.,8 i0 —91 159,001,730 138.070,,710 0-15'e 106,075,569 108.P09.711 —1*8 28.9h9.W2i 24,053,479 —0*3 2 i,0 7 ?.lv9 +3*4 26.652,181 9.068.850 0-878 12,389.700 9.010,004 — VO 8.502,846 6,085.61* 0-5 5 7 051.6*0 3x7.141 796,728,7 tf, 309,291,083 201,702,091 190,097,29 1 126.090,157 90,757.215 24,201,801 83.4D3.529 .833+14-5 ,312+10*9 ,147 +691 88,54 4,.one;+ 2 6 'i 455,628. 46.815, 37.430, 14,980,,056 +90-3 10 770,.5TO +-14 4* 19,754,,0 jk 38 S 3.9-0,,373*-89*7 1,716.',657> t-U2' 0 tsarinas at— Boston. Providence. Hartford... New Haven. Springfield. Worcester. Portland Fall River. Low ell................ New Bedford....... Total New Kng.. Chioago............... Cincinnati Detroit.... Cleveland Milwaukee.......... Columbus ludlanapolli .. PeorJa. Toledo............ GranB Rapids Dayton...... .... Lexington........ Kalamazoo Akron Bay City Rockford............. Springfield, Ohio... Canton................. Youngstown......... Evansville*.......... Tot. Mid. West’n. San Fr&nclsoo...... Salt Lake City...... Portland.... Los Angeles Helena....... Tacoma...... Seattle..... . Spokane...,. Fargo Sioux Falls Total Paolflo 635.979.7 H I 0-2o-l Kansas City....... Minneapolis........ Omaha, 147.371.7 j 7 i +88* l St. Paul 1O0.O03.U6 -rl9 '4 Denver 82,431.106 1-11-8 Davenport. 19 33 ,050 4-25 o St. Joseph 4 1,** .1 )7 0-IO j * Des Moines......... 81.951.9-09 +20*3 8loux City. UL*20,fi82 4-39*1 Lincoln............... 1»,211.43 1+108 Wichita.............. 13,0 -4 ,7 *5 '+ 1 2 7 Topeka..... .......... 13,993,624 + 2 9 1 Fremont............. 2.406.770! +50 7 Hastings............. 2,9 +23*0 Tot. other West 342,137,101 0-8 0 210,187,8231+24*5 40.342,9 -7 26,419.2811.3 I3,0fld 16,337,419 18.004,298 3.707,943 3,0d'».fl971 1,276,289,0jg* 1.042,6io,*>»| 0-22 d 810.771.213 4-7*2 2*9,093,28 :|+12*4 2-/9.994.2.(9 +9*9 Louisville...... 76,308.059 +26*2 G a lv e sto n ....... 75.413.431 -|-R*8 H o u s to n ....... 07.S65.y8 4............ +4*3 Savannah. . 74>60,53* +10*0 6,563,930 0-45-8 12,478.020! 86,,167.803 Richmond__ 4,9-2. 64,019.211.-1-28 1 70. 113.955 + 2*.? 5.124,291 M em phis........ 43.0* ),01, +2-8 4.3il.90«| —2 * 44 ,2*1.833 4,257,054 A tlan ta ... . -*-8*1 S'*. 45,700 29,300,843 +7-3 8.,438.970 8.400,0901 8.300.233 -4-3 3 N orfolk . . . . 21,814.8*2 +S2-7 2,552.013 + 5 :ii 28 9t».47t 3.9*19.897 F o rt W o rth .. 2 .4 14,601 -0-0 1.951.407 -0 -3 22,370.016 1.9*0. 81 12,77* 045 + 18*0 15.O07.5S8 1.473,529 +8-3 1,595,20)! B irm ingham 16.0 1.006 1-10-I 1.805,030 + li* l 2,184.237 17.4*3.6' 6 0,674.2to r«2 5 11.7-14,397 876,97* 4-30*7 1,191,411 7.480,135 —1-0 7.304.523 703,787 +2**1 871.055 • Jac k so n v ille . 9,443.44* 4-13 8 C h a tta n o o g a . 1,21196 + 171 ll.eS0.IK 8 1.4*8 00*/ 17,610.(9 >0 17.2 fS.nOO -t-l 8 M acon ....... .. 1.5i7.ono| 2,230.000 -38*1 T o ta l S o uth 2f/.0/-h,o3Ul 222,178.192 t » 4 2,0i9,874,d0«) 1,896.66 ’.«20 + 10*2 T o ta l a ll.... 5,592.310,6 0; 1.838,345.88 / 4-16-0 43.022 35 *92 84,781.6 o.wHVf +25 4 O u tsid e N. T 9.080,617,070 ,901.488,990 +9** 17,921,702,9*9 14,869,700,2^6 + 1 5 9 M o n tre a l......... 51.80.5.221: 49,240,4*0 +4*i 471.214,000 87*. 0)5.713 4-3-»-0 82,390.991 29.H4 -.O'* 4 9 3 284,762,418 a.ij.065,t n 4-21*3 T o r o n to ........ 41,*>04,067 - V i H a lif a x ------6.611,97*1 6.554.485 40.05 ’ ,41(1 3 ‘.773.493 4-31*4 0.180 5**0 0,298,674 —1 9 62,0*9.812 W innipeg ... 21.43 >,402 + 8 0 2.H.' 5.068 8.4 *2.2')f tR 7 28,271,1 Ou H a m ilto n * • 80,>196.028 -0*8 10.934.70fi 3.05H.W7| *.074,554 40-4 8 t. J o h n ........... T o t.r anad* 101,14 <.2*0 98.0Al.thv + 6 0 897,4-0 *>0 787.010, . 01 4-2-4 ’ P a r i t b l s o f e l o a r l n g a b y t s l e g r a s b s s o p . 4,6 1. 3t. L o u is....... . N ew Orleans., 929,1,379.2*9, 280..070,113 2 50,.710.070 91..300,950 82,,019.621 70,,236.430' MO 1732- The week’s total for all cities shows a gain of 15 2 per cent over 1897. The increase over 1896 is 63-7 per cent and the ex cess over 1895 is 35-2 p3r cent. Outside of New York th* gain compared with 1897 is 7 2 psr cent, the gain over 1896 is 37*2 par cent, and the increase over 1895 reaches 18*8 p. c New Yorx. Philadelphia. Pittsburg. Baltimore. Buffalo Washington Rochester. Syracuse............. Scranton............ Wilmington. Binghamton Total Middla -f9'3 434.920,164 381,760,709 d -lS f 3.463,537,065 109,362,900 —2*5 19,291,3<*0 +2-7 14.8 *5,000 8,500.fi00 +3*8 + 1-3 83,903.074 8.823,407 5,SC8,&0 -8'0 -4-2-3 52,085.718 6,305.154 40.R2i.49-J 4.940.569 4-23 6' 0,107,458 + 9 ‘8 51,390,008 5.8 «6,74< + 8 *| 6.290.3511 +8*5 5,860.413 0-3*3' 0,052.2101 +95 4 >.600.031 26,853.089 -6*0 3,345.014 —2 )6 2,800. fi.nl 2,445,878 4-18*8! +10-9 2,770,9071 23.258.781 1,674,577 4-14 51 49 1 10.10 i,0831 1.917.3551 435,437,281 + 12*8 3,984,711,0631 8,706.832,10*1 + 5 3 495,059,03' C h ica g o ........ . C in cin n a ti.. ...• D e tro lL . ....... C le v e la n d ...... M ilw a u k ee.... Colum bus...... Indianapolis... P e o r ia ........... T o le d o ............ Grand Rapids. D a yto n .......... L e x in g t o n .... K alam azoo.... A k ro n ............ Bay C ity... R o c k fo r d .___ S p rin gfield .... Canton — T o u M .W est. O o a r p A S T . 'n t h e o f f i c e o f t b e L i b r a r i a n o f C o n g r e s s SATURDAY, SEPTEMBER 3, 1898. For the month of Angast the clearings make a more satis factory exhibit than for July. Eighteen of the cities included in our statement record losses from the corres ponding month of 1897, but in the aggregate for the whole country the excess reaches 15 6 per cent. Outside of New York the increase is 9*4 p. c. B o sto n .......... 3. D i n St. Louis............. . New Orleans. Louisville. Galvoston. Houston.......... Savannah.... ... Richmond......... Memphis.......... Atlanta............ Nashville........ Norfolk............ Fort Worth, Augusta............. Birmingham...... Knoxville.......... Little Rock Tacksonvllle.... Chattanooga., Macon Total Southern.. Total all........... Outside N. York Montreal............ Toronto...... ........ Halifax............... . Winnipeg,, -....... . Hamilton..... St. John............... Total Canada__________ • Not Included In totals. 150 THE CHRONICLE. [V ol . UTVII. above all conditions peace for best progress. With two nations of such power against war, would not the tendency set strongly towards the maintenance of peaceful relations everywhere? The monthly Treasury figures issued this week for August disclose several features which will attract at tention. Interest is felt in them chiefly because of the evidence they afford as to the productiveness of the war revenue law, August being the second month of its operation. It seems that the total receipts were $41,782,708, against $19,023,015 in August 1897. No one, however, should be misled by this comparison, as it is not a fair one; indeed no con clusion can be drawn from the difference shown, for THE FINANCIAL SITUATION. the reason that a year ago the receipts from Customs The Czar of Russia calls for disarmament and peace. and from internal revenue were abnormally small, No doubt the letter containing these proposals is a being so because it was the first month under the 1897 wise, earnest and convincing document. It states tariff law. The Customs revenue last month was truly and clearly the alternative of bankruptcy con considerably better than in July, the now impost fronting the nations to which a rejection of its sug of 10 cents on tea showing its influence, the total gestions will in time bring them all. And yet very received from that department of the revenue being few believe that an acquiescence in the request will be $16,249,699, against $15,169,000 in July and $13,the result. The reasons for disbelief are that ac 467,000 in May. As to the iuternal revenue quiescence is on its face surrounded by such grave receipts, they were only $24,015,935 in August, difficulties that the proposition seems almost quixotic; or about one million dollars less than in July, the furthermore the operation of disarmament would be previous month. Altogether these results are very likely to work to the advantage of some States and to promising. They probably indicate not far from $13,. the disadvantage of others. A cycle of peace to Rus 000,000 as the net product in August under the war sia would just now appear to be especially opportune. revenue bill, which would mean about 156 millions of With its boundaries on the Pacific well rounded out revenue for a full twelve months added to the pro through the recent acquisition of a part of China, and ductiveness of the old law. Another feature of inter a perfect terminus for its trans-Continental railroad est is the disclosure in the debt statement that only having been thereby secured, time to construct that $74,845,020 out of the 200 millions sold of the new 3 per terminus and work out in connection with it, and in cents had been issued on the 1st of September. We connection with other aims, some pressing interior notice also that of this amount of new 3s outstanding problems would seem to be what was most of all need there were $14,035,760 at the same date held by the ful for that country. On the other hand, to France, Government, of which $7,662,000 were as security for with its lost provinces to ^recover—the absorbing and Government deposits in banks and $6,373,760 as se paramount purpose of the whole nation for so many curity for bank note circulation. Dealers in United years—disarmament would be almost synonymous with States bonds tell us that a large amount of the new 3s the abandonment of that purpose and. confirming Ger have been sold over the counter, to savings banks many in her possession. And yet what a glorious vista and to other banks and institutions. the mere proposal of universal peace opens ! The hopeful feeliDg which pervade^ business circles A Notwithstanding the quarrelsome nature Congress is well illustrated by the report of mercantile failures has had the reputation of showing in recent years, the for the month of August compiled by Col. W. M. introduction of this country into the councils of Grosvenor for Dun’s Review. The failures are found European nations is an event that cannot fail to make to have been the smallest of any month of the five for peace. We^havejin mind the silent and yet pow years during which these excellent monthly records erful influence, not of a union, but of an always possi have been kept. The liabilities of the defaulted con ble union,'between* Great Britain and the United cerns aggregate only $0,078,655. IIow much better States as a make-weight for the settlement of any this is than the average will appear when we say Continental differences. A compact, offensive the total in August last year was $8,174,428, that in or defensive, established between the two gov August 1890 when the silver campaign was in progress ernments is a very unlikely event; either party it was $28,008,637, that in August 1895 the amount was would scarcely desire a general alliance or any $10,778,399 and in August 1894 $11,322,345. What is alliance except when an emergency arose. Strong particularly gratifying, from our point of view, is compacts between nations are not in any degree the that the improvement also extends to the comparison product of gush. The fact that the two contracting as to the number of failures—which has not always parties had the same origin would have little if been the case in the past. It seems only 748 con any weight. Self interest would be the first cerns failed in August 1898, against 921 in August •motive; common aims and interests another; and 1897, 1,107 in 1896 and 1,025 in 1895. Com common language a kind of lubricator. When, if menting on the favorable nature of the re ever, we become a party to European questions, turns, Colonel Grosvenor says the record is not only all these influences must come into play. They a most cheering one, indicative of a very unusual would necessarily drive two nations together that are stato of health and commercial soundness, but it not intent on war or revenge, or on territorial expan reflects conditions which do not seem likely sion, and who have no long-standing quarrels with to be disturbed by adverse influences for some their neighbors to adjust, but are seeking civil liberty, time. He notes, too, that it is interesting, now that free commerce and trade development, which require the war has ceased and we have had nearly a full TWO SUPPLEM ENTS THIS WEEK. Two Supplements accompany the present number of the Chronicle, both forming complete publica tions in themselves: (1) The Quotation S upplement of 48 pages, being the regular monthly number of that invaluable publication. (2) The Bankers’ and T rust S upplement, an entirely new work, containing 80 pages, and devoted to a report of the proceedings of the Annual Convention of the American Bankers’ Association held at Denver last week. S eptember 3, 1898. J THE CHRONICLE, 451 month without that hindrance to improvement, to Pittsburg there is $193,700 increase in gross with observe how distinctly the gain in business increases, $63,200 decrease in net. Last year in July the showing that, though the war cannot be said to Eastern lines showed $221,800 gain in gross and have caused any depression while it continued, it $349,100 gain in net, and the We,'•tern lines $160,800 did in fact operate to hinder many important con loss in gross and $75,100 loss in net. The following tracts and purchases and so retard in some degree the is a comparison for the Eastern lines for six years. recovery of business. LINKS BAST OF It seems as if the effect of Leiter’s wheat operations P it tsb u r g . 1898, 1867. 1896. 1895. 1894. 1893. * » * 1 * $ were never going to be removed as an influence de earnings...... 5,162,295 5,480,395 5,258,595 5,415,395 4,759,325 5,552,047 pressing wheat values. The price has been down for Jross oerat’g expenses. 3,460,864 3,668,634 3,795,964 3,855.564 3,350.509 4,021,540 some time to 6" cents in New York and 63 cents in N e t earnings... 1,701,131 1,811,731 1,462,631 1,559,831 1,408,816 1,530,507 1 31. Chicago, or fully thirty cents a bushel below the fig Sross earnings....... 36,525,706 35,069,903 35,563.870 34,974,170 31,007,503 39,437,464 ure prevailing at the corresponding date last year. Operat’g expenses. 23,285,325 24.776.8-25 26,588,688 25.768.9S3 22,727,968 29,071,492 Yet developments are all the time reported which Wet earnings... 10.240.381 Il0.,’fl3,081 8,975.187 9,205,187 8,279,585 10,365,972 would seem to confirm the views of those who hold that The Board of Directors of the Northern Pacific our farmers should have no difficulty in disposing of all took important action yesterday with reference to the wheat they may have to spare—and at fair prices too'. future dividends on the preferred stock. They set On one day of this week there were three items of aside $3,000,000 out of surplus income as a reserve news encouraging to better prices which at other to be available, as may be found necessary, until the times would have exerted a perceptible influence on end of 1901, toward maintaining the regular quarterly values, but which now pass unnoticed. In the first dividends on the preferred stock if at any time prior place there was a dispatch from Washington reporting to that date current net earnings should prove insuf that Minister Angell Lad written from Constantinople ficient for that purpose. The step is simply a pru saying that on account of local needs the exportation dential one. A preliminary statement of the com of wheat from the Province of Scutari in Albania had pany’s income for the fiscal year ending June 30 was been forbidden. Then there was a cablegram from submitted at the meeting and actually showed St. Petersburg in the daily press which read: “ Owing a surplus of $2,897,874 on the operations of the to the failure of harvest in seven districts, even the twelve months above the amount needed for the 4 per landed gentry are asking the Government for relief. cent dividend paid on the preferred shares. But in The Government is adopting measures for assistance, view of the fact that the results have been so unex but the distress is becoming more acute every day.” pectedly favorable—that the expansion in the revenues Finally, a cablegram from Vienna was published re of the system has been so extraordinary, so far beyond porting the annual estimate of the world's harvests of the expectations of the mostsanguine—it is deemed wise wheat by the Minister of Agriculture of Hungary. to providejagainst the contingency of a possible reaction. This estimate is always looked forward to with The Directors consider that the business prospects much interest and generally accepted as fur of the company have never been better than they are at nishing a useful forecast of the probabilities. It was this time, and of course if current available earnings a significant fact, therefore, that the Hungarian continue as at present, the reserve provided need not Minister should be found expressing the opinion that be drawn upon. If not used by 1901 the fund may there would probably be a shortage of 13,800,000 to then, by vote of the Directors, be returned for the 15,100,000 metrical centners. The details in the cable general purposes of the company. In view of gram are very meagre, and some of the figures are evi the large earnings which the company has been dently mixed, so we shall not attempt to go into that making, there has naturally been some talk of branch of the subject. The important fact is the possible dividends on the common stock. The action estimate of a shortage, even if only a small one, for of the Board with reference to the reserve fund shows such a condition would necessitate further trench that no dividend is likely as far as past earnings are ing on stocks, already extraordinarily low. As concerned. It is reported, however, that the President said, however, all these events have had no influence stated to the board yesterday that if present prospects on wheat values, and thus the farmer is obliged to are maintained, of which he thought there was accept a price which is far below what he should be every likelihood, it would be proper for the board in the course of a few months to give consideration to* able to get under natural and normal conditions. The Pennsylvania Railroad report of earnings for the question of a dividend on the common stock from July has been issued this week and makes an un current earnings. favorable comparison with last year; but there is The bank return of last Saturday showed a loss of nothing surprising in that. Our review of the coun $7,495,950 in surplus reserve, carrying this item try’s railroad gross earnings for July showed that a to $21,343,300, or within $519,800 of the lowest, good many adverse conditions existed during that of the year. Though this result of last week’s month. There was in the first place a great contrac movements in money was somewhat anticipated, the tion in the grain movement. In the second place character of the statement was not fully realized until July 1898 contained five Sundays while July 1897 had Monday. Then there was a general marking up only four, giving one less business day the present of loans by the banks, which led to some shift year. We also know that on the trunk lines the ing of contracts, and this created an early rate situation was very unsatisfactory. As far as the demand for money at the Stock Exchange that caused Pennsylvania is concerned, possibly too the competi the rate on call to advance to 3 per cent. Later there tion of the new Pittsburg Bessemer & Lake Erie has came a report that $2,250,000 gold-had been engaged encroached somewhat on the mineral traffic of the in London for shipment to New York, and though road. On the lines east of Pittsburg and Erie the this report was not confirmed it had some slight influ Pennsylvania reports 8318,100 decrease in gross and ence upon money, the close being at per cent 8110,300 decrease in net, while on the lines west of after loans had been made at per cent. On the J u ly . 1 Jan. to J u l y If s&ii4 5 - THE CHRONICLE. [V ol . L.XVU. following day there was a lighter inquiry, due to bonds have recently been made almost wholly in the liquidation of important speculative account-, gold, and this will very readily account for the in and at the same time foreign exchange fell off, crease in the gold reserve. indicating gold imports, and consequently the The feature in the European political situation this tone of the money market grew easier, and loans ! week has been the proposal by the Emperor of Russia on all were made at If and at 24 per cent, closing at for a general disarmament by all the Powers. The 2. On Wednesday and Thursday the rate ranged manifesto had only a slight influence upon the finan from 2 to 2.1 per cent and on Friday from 24 to 3 per cial markets, and London was chiefly affected by the cent. As above indicated, money on call, represent- loss of gold to the Continent and by the prospective :ug bankers’'balances, loaned at If and at 3 per cent movemontof the metal to America. Tho Bank of Eng during the week, averaging about 2f. Banks and land minimumrateof discount remains unchanged at 24 trust companies generally quote per cent as the per cent. The cable reports discounts of sixty to mi unimam, though a very few have standing loans at ninety-day bank bills in London If per cent. The open 3 per cent: but on Friday some marked their loans market rate at Paris is 1j@ ili per cent and at Berlin up to 3. Time contracts are in bettor request at 3 and Frankfort it is 3J@3f per cent. According tt> per cent for sixty days, 3$@4 per cent for ninety days our special cable from London tho Bank of England to four months and 4 for live to six months on good lost £62,124 bullion during the week, and held £35,Stock Exchange collateral. The demand for com 003,218 at the close of the week. Our correspondent mercial paper is limited, and not many of the banks further advises us that the loss was due to the export or other institutions are buying. The supply is mod of £65,000 (of which £40,000 was to Germany and erate* and rates are firm at 4 per cent for sixty to £25,000 to the United States), to shipments of ninety-day endorsed bills receivable, 4@5 per cent for 000 net to the interior of Great Britain and to an im prime and 5® 6 per cant for good four to six months' port of £164,000, of which £140,000 were from Aus tralia, £15,000 from South America and £9,000 from single names. So far as is known, comparatively few of the banks Portugal. have taken advantage of the offe- of the Treasury to The foreign exchange market has been lower this exchange small notes for those of large denomination. week, influenced mainly by the dearer rates for money The reason assigned is that the supply of largo, notes here and also by higher discounts in London. Selling is light and no more chan sufficient for the current of long sterling, in the expectation of covering later requirements of the banks. There are only about in the season at lower rates, still continues, and there 18,000,000 of legal-tender currency certificates held have been somewhat liberal offerings of cotton and grain by the banks of this city. It is claimed that those of ^futures. Spot bills against these commodities are, how the banks which have a fairly good supply of legal- ever, scarce. The unusually small visible supply of tenders and other notes, which they have been ac-^ wheat at Chicago and at other Western distributing cumulating in anticipation of the demand from their centres indicates that the movement of the staple has correspondents for cr,op purposes, are not willing to been and still continues light, probably owing to the assist other banks in meeting deficiencies by turning absorption of the grain for milling purposes. The over their large notes, and it is therefore thought new cotton is coming to market slowly and the ex that many of the banks will have to con port demand does not appear to be urgent. About tinue to ship gold to the interior. The Treas the only spot commercial bills of importance now on ury Departmeut is seeking to relieve the situation the market are those against provision^ and flour, and the announcement is made that the October in and these are promptly absorbed. There have terest on the 4 per cent Government bonds will be an been further arrivals of gold in transit to Cuba ticipated on the 10th instant. This interest amounts this week, the amount received being $1,165,to 15,596,467. The Treasury has made the provision, 413, making, with the consignment of $433,009 customary at this season, to meet a demand for small last week, a total of $1,608,422. The engagement of notes for crop purposes, and has caused to he printed $1,375,000 gold in London was announced by Lazard large amounts of these notes, which can be -speedily Freres this week. The arrivals from Europe thus far issued in exchange for notes of larger denominations on this movement have been $2,855,573. There has whenever these shall be surrendered. Bankers who been an arrival of $2,000,000 gold at San Francisco ire in a position to judge as to the probable season's from Australia and $3,000,000 more is reported in requirements for crop purposes are of the opinion that transit from Sydney, N. S. W. The range for nomi not much more than $50,000,000 will be needed nal rates for exchange was, until Thursday, from 4 84 o satisfy the demand. The banks at the chief to 4 84& for sixty days and 4 85 for sight. Then a re distributing centres in the West are unusually duction in the long rate by Brown Bros. & Co. made well provided with money, in consequence of the wide the range for sixty day from 4 83^ to 4 84£. The tone listribution in payment for war supplies, and there was easy on Monday, but, with the exception of a reduc fore their drafts upon Eastern deposits will doubtless tion of one quarter of a cent in the rate for cable be comparatively small. Banks report a good though transfers, compared with the close on Friday of last not urgent demand from their correspondents in the week, to 4 85£@4 85£, there was no change in quota West and Northwest for re-discounts, and this in tions for actual business, long remaining at 4 83-J@ quiry is expected to increase as soon as the crops move 4 83| and short at 4 85@4 85.}. On Tuesday the mar more freely. Business is reported very good all ket was weak for long and short, and rates for actual through the agricultural sections and in the principal business were reduced to 4 83@4 83|- for the former cities. One feature of the situation this week has and to 4 84J@4 85 for the latter, while cable transfers been the rapid increase in the net gold reserve of the remain unchanged. On Wednesday rates for actual Treasury. This was reported on Thursday at $217.- business in long sterling were further reduced to 4 82f ’>04,484. The highest net gold reserve on record was @4 83E while those for short sterling and for cable 1218,818,253 on March 31 1888. The payments for transfers remained unchanged. The market was a £ 1 6 1 ,- THE CHRONICLE. S eptember 3, 1898,J shade firmer on Thursday, without any change in rates, and it was steady on Friday. The following shows daily posted rates for exchange by some of the leading drawers. OA.ILY POSTED RATES FOB FOREIGN EXCHANGE. TT7N8. •ro -n ...... { £ £ £ » ■ •ftring, J30 days Magoun & Co.. SightBank British ) 30 day* No. America.. SightBank of ICO day*. Montreal.. .. 1eight.. Canadian Bang da7*. of Commerce.. » Sight.... Heidelbach. lekdays elheimer & Co. Sight.. i < ‘ 09 \ 00 > LMard Freres... j Merchants’ Bk. i 60 day*, of Canada- . <Sight.... WSD,. Fr i . Frj HON., Aug. 20 Aug. 29. Aug. 80. Aug. 81. Sept. 1. Sept. 2. 83* 94 84 M 64: MX 86 86 66 90 86 86 64 84* 64 34* »4 * 80 S0 86 S6 60 84 84 84* 84 34* t4 * 86 86 *6 66 86 80 tfc* 6d* >36 * * 80 84* «6 84* 66 34* 80 £4* 86 *4 * 80 84* 86 84 80 SS* 84* 96 84 86 64 c6 84 86 *i* 80 84* 86 64 *6 84 66 84 86 94* 86 T a * 64 86 64 64 86 84 66 84 80 84* 86 64 86 |4* P6 The market closed steady on Friday, with rates for -actual business 4 82f@4 83 for long, 4 84f@4 85 for short and 4 85£@4 854 for cable transfers. Prime commercial 4 82£@4 82| and documentary 4 81f@ 4 82^-. Cotton for payment, 4 81|@4 82^; cotton for acceptance, 4 82^@4 82£, and;’grain for payment, 4 82@4 82^. The following statement gives the week’s movement of money to and from the interior by the New York banks. Wetk Bndino Sept. 2, 1898. Received by Shipped by Net Interior N. 7 . Banka. N. 7. Banka. Movement. Sold............................. ................ *4,791,000 823,000 *6,006,000 Loss. $285,000 2,104.000 Loss. 1,282,000 Total gold and legal tenders..... *6,643,000 $7,110,0001 Losa.fl, 607,000 Result with Sub-Treasury operations and gold imports. Week Ending Sept. 2, 189*. Banks’Interior movemeot, at above Snb-Treasuiy operations............... Total gold and legal tenders— lnu> Banka. *5.643.000 21,200,000 Out of Banka. Net. Change Bank HoLdinga. *7,110.0001Lu8a.fi,667,000 28,700,000 Lose. 7.500.O00 t2J,7«3.000 $35,810,000 Loss $9,067,000 The following table indicates the amount of bullion In the principal European banks this week and at the corresponding date last year. Bank of Gold. Sept. 1, 1898. Silver. Total. Sept. 9, 1897. Gold. | Silver. lot « s 1 * l * * * U n g la n d .......... 35,003,218 .............! 35,003,218 35,772.737 ................. F r a n c e .... . 75,267.996 49,960.894 125,2*8,980 91,161,888 48,829.011 G e rm a n y . .... 29,266.090 15,075.000 44,340,000 28.538.000 14.702.000 109.4 95.000 4.376.000 113,871,000 94.152.000 4,926,000 B nfttla A o tt.-H u n g 'y 34,SfcS.OOv 12,628,000; 47,626,000 37.996.000 19.667.000 S p a in ................ 10.614.000 5,483,000’ 15.997,000 9,028,000 10,690.000 I t a l y ................ 14.959.000 2.094.000 17,052,000 15,395,000, 2,477,000 N e th e rla n d s . 4.309.000 0.fN7.OOO; 11,186.000 2,633,OOo! 6.896,000 X a L B e lfia m . 2.863.000 1.427.000 4,280,000’ 2,767,333 1,888,667 T o t.th is w eek 316,763.264 97,82<Jb64 414,694,099 307.443.9c8 103470078 T o t. prev. w 'k J | 6.468.803 97.6 3,475 414 141,2*8 8C8.978.184 1035*5739 25,772,787 129,990,899 A3.2B0.0C0 99.078.000 60.503.000 19.718.000 17.873.000 ; 9,629,000 4,151,000 409^914.036 412,618.923 BAN KERS’ CONVENTION—HOW TO ADD TO ITS ATTRACTIONS. Wo publish with this issue of our journal a Bankers’ and Trust Supplement of eighty pages. The work was planned with the purpose of giving to our readers in attractive shbpe, while the matter was fresh and newsy, the entire proceedings of the National Bankers’ Convention, held this year at Denver, August S3 to 25. We assumed that business circles would be gratified to have within a few days after its meeting the ad dresses, speeches and transactions of that important financial body. It is an interesting fact that another year this organization will attain its twenty-fifth an niversary. Why would it not be a pleasing idea to mark the event, not by any special celebration, bit by some changes in methods which would give to the annual gathering wider interest? First of all, a point worthy of consideration is whether the mid-summer is a suitable time for hold 453 ing such a convention. That period was selected while financial and banking interests were less engrossing than now, and when the convention was looked for ward to as a holiday affair more than a gathering for useful work. Perhaps it may still be considered the most acceptable time. It is net, however, the portion of the year in which such an undertaking naturally fits into the habits of many of the most success ful and experienced representatives of financial circles. That class take as much as they can spare of the summer season for vacation and rest and do not care to give any more of it to business and work than their own banking offices and round of duties require. The motive of the more active members of the Association undoubtedly is to have at these annual meetings as many as possible of the best thinkers, speakers1, and those eminent for practical skill and attainments, that the profession contains. We do not need to say those classes are largely represented now. There is of course no room for doubt on that joint. The only question suggested for consideration is, would not some season other than the most trying of the year permit the convention to draw more largely on the same classes. There certainly are a great many of the highly-gifted in banking circles who are conspicuous by their ab sence, a goodly number of whom might be induced to be present if the date of its being held better suited their habits. i We may sum up then the argument for a change of date by saying that the summer is no time for travel ing over the country a thousand or two thousand miles in hot dusty cars for a three-days’ session of a financial convention. Such a journey to and back, with the thermometer at 90 or over, may be n® serious obstacle. to some; but it is to the over-worked business class, as financial men of large interests are; it is, too, for those of advanced years, most of whom need quiet instead of the buzz of revolving wheels and the strain of blowing whistles. Of course the weary traveler this year had a decided relief in prospect, a strong attraction at the end of his journey, in the beautiful and comfortable city of Denver. But who would not prefer to go even to Denver in June or October, and keep nearer home in July or August ? Then, too, a summer session calls for work in hot, sultry Weather by those who are to make addresses or otherwise take an active part in the session. This is by no means desirable. It is hard on the writer to be given am extra task at a time when the burdens should be lightened; it is hard on the hearer because no writer can do his best work when weary. What we have said suggests another important par ticular in which there is large opportunity for im provement; indeed, the change we have proposed above would help to bring to pass this other amend ment. It will be noticed that the addresses have various merits; that withia moderate limits would be natural. In this case, though, the extremes are wide apart. Some are excellent, but some by ao means come up to the standard of work expected ho proceed from a convention of banks and bankers of the United States. We do not take excepti»n to any of them be cause they advocate what we may call unsound views. Both sides of every question affecting banking interests must, we suppose, be given a hearing; but ought not an address be required to have some merit before it is inflicted on the convention, and through it on the public? 454 THE CHRONICLE. LVol. Lxvir, In other words, should there not be more care We think that some of this bewilderment may be in selecting the individuals to perform these du removed by au examination of the letter in which ties, or may not their work be read and passed upon Count Muravieff communicates the wishes and con or edited by a committee before the convention victions of his Imperial master. Perhaps it will be gives it a place in its records. It hns been worth while to analyze this remarkable document in urged by a very good judge that all stated j detail. In saying first that “.the maintenance of gen addresses should be omitted. This is perhaps the eral peace and the possible reduction of the excessive easier way of getting out of a trying situation : but is armaments which weigh upon all nations present it a way out that would add most to the interest and themselves in existing conditions to the whole world usefulness of these conventions? We should propose as an ideal toward which the endeavors of all govern rather that there be a smaller number of addresses, and ments should be directed,” the Ozar says nothing with that decrease the greatest, care be taken to have more than he said in his farewell address to President that smaller number worthy of the Association. What Faure at St. Petersburg, exactly a year ago. “ Our is desired is the best thought of the practical business two nations,” the Emperor Nicholas then declared, man. There are very few speeches made or essays “ are equally resolved to contribute with all their written, proceeding from whatever source they may, powers to the maintenance of the peace of the world.” which strike the average lieaTer with the force of the This sentiment has in fact been the burden of the words of one whose views are drawn from the experi young Czar’s public and diplomatic statements since ence of a business life as well as from a study of his accession to the throne. Doubtless, these earlier hooks. We should for many reasons be sorry to have deliverances were regarded by many of their hearers, this feature disappear from the proceedings of these as conventional if not hypocritical. But the Ozar was not to blame for such popular interpretation, and it is. conventions. ___________________ quite undeniable that both liis utterances and his pol TH E CZAR'S PEAC E M ANIFESTO. icy have thus far been consistent. Nothing more surprising or more seemingly out of The excessive modern armaments, the letter con tune with the prevailing spirit of the day could well be tinues, were founded and developed in order toimagined than the letter from the Ozar of Russia to the guarantee peace, and they have apparently failed of foreign envoys at St. Petersburg. This proposition their purpose. Labor and capital are alike diverted for a formal conference to devise means to stop the from their true channels by the maintenance of theseEuropean policy of continually increased armaments enormous standing forces. The burden on the people comes not only on the heels of our own notable has become too great to be longer borne; if there demonstration of the power of a navy, but it is issued fore the system is to be continued, “ it will inevitably at the very hour when rumors are circulating of an lead to the very cataclysm it is desired to avert.’7 impending armed collision between Russia itself and These are the grounds on which the Ozar appeals for Great Britain. Perhaps no time could have been a conference of governments. selected during the past thirty-five years when such a Let us observe, to begin with, that not one of these proposition would have. been received with greater statements of fact can be controverted. They are the astonishment. Had the document come from any plain truth, as every European statesman knows. We other source astonishment would at once have given touched upon some of these phases of the modern place to incredulity. But the nature of the Czar’s pro military system recently in writing on the life-work posals, and the form in which they were made public of Prince Bismarck, and showed then the certainty by Count Muravieff, leave no possible doubt as to the that sooner or later the system would, for these very genuineness of the Russian Emperor's purpose. reasons, work out its own ruin. The enormous The perplexity caused by this wholly unprecedented modern standing army was established in Europe, as move in diplomacy has been forcibly illustrated by the Czar’s letter truthfully declares, for a guaranty the reception of the proposition. In some quarters, of peace. In the result it is found that the system iseven in England, the idea is characterized as quixotic. a Frankenstein which cannot be controlled. It can In others, as is natural, the project is examined with not stand still. Each nation, in order to ensure it distrust, the critics not being willing to believe that self against possible attack, must endeavor to bethe Czar’s purposes are sincere. In Germany, we a little stronger than its neighbor; but no learn from the despatches, the Emperor is believed to sooner has it enlarged its own offensive and defensiveendorse the plan of his neighbor sovereign, but the armament than its neighbor State, for precisely the political and military cliques treat the matter scorn same reason, makes the same increase with something fully. Mr. Balfour remarks in the British House of more. The very nature of the theory renders such Commous that in his judgment no such proposition results inevitable. But the upshot is a heaping of could have been made with actual hope of practical Ossa on Pelion which must apparently continue toresults. Yet none of these authorities appears to the end of time, or until the resources of the States have explained why, if wholly quixotic, the peace concerned are broken down (as has happened with plan should have been contrived by the Czar of Rus half the Continental States already), or until, in sheer sia, of all men; why, if his purposes were insincere,, desperation, the trial of arms between the nations isthe Ozar should have chosen a medium of introduc invoked so that there may at least be something to ing them which would eventually bring the stigma of show for this unheard-of waste of public treasure in bad faith home to him personally before the civilized time of peace. This, we say, is the conclusion of world; or why, if the proposition could not be made sober logic from the existing situation. Not one with expectation of serious results, an Emperor reputable statesman and not one intelligent thinker should have deliberately chosen to make himself will question these conclusions. Yet because theridiculous. These orilicisms seem to us on examina same conclusions are publicly drawn by the Russian tion to reflect very little except the bewilderment of Emperor they are regarded by the initiated politician as something out of the usual run of human reasoning. the critics. S eptember 3, 1898. | THE CHRONICLE. 455 We suppose that the Ozar reached his decision for the question narrows down, as it certainly would ap the issuance of this manifesto because he was con pear to do, to the survival of the State with the strong vinced that some international understanding of the est exchequer, it is obvious enough that Great Britain sort was necessary to avert the ruin of his own State. would eventually be left alone in the field of solvent It is well enough known what the system of modern Powers. Fortunately, England less than any other armaments has done for Russia. Even in favorable State is inspired by motives of international hatred and years the income of that Government comes nowhere national ambition. If the Continental Powers were near meeting expenses. In the ten years of peace to oall for a pause in the development of modern arm preceding 1897 the Russian public debt increased aments, the assent of England’s Government is assured one billion and a-half roubles, or more than a billion beforehand. dollars. The annual charge for interest on that debt MISMANAGEMENT IN THE ARMY. is only a trifle less than the annual expenditure for the standing army, and the two sources of expendi We trust sinceivfiy that the request for an investi ture together make up nearly one-half the total gation, as made by some of the army officers whose annual outlay of the Government. Both have in departments have been accused of mismanagement or creased by leaps and bounds during the past few neglect, will meet with an early and adequate re years, and there is not the slightest reason to suppose sponse. We do not express this wish through a feel that both will not increase still more rapidly in the ing that somebody must be punished because the next ten years of standing armaments. Meantime soldiers have suffered, and we regret that a tone of all the enlightened economic and fiscal schemes of M. personal vindictiveness has crept into the discussion Witte, Russia’s intelligent Finance Minister, are of this question in the press. Least of all ought par threatened with destruction. Is it, then, so remark tisan political considerations to be allowed a moment’s able that an intelligent Prince should ask where such hearing. Once it should come to be generally be a process is to end ? Once this question is seriously lieved that the attack on certain branches of the War considered, there is but one answer which any man Department is a covert demonstration by one political can make, and that is precisely the answer made in faction or party against another, intelligent popular this week’s letter of the Czar. • interest in the matter would cool off immediately. It may perhaps be thought]that we have simply At the moment we do not believe that the very gen discussed the theoretical merits of this notable royal eral demand for an investigation has any such inspira communication and have ignored its practical possi tion. It is a spontaneous movement of indignation, bilities. It is, indeed, painfully obvious that recogni to be sure, for what is believed to be a grave wrong, tion of the evil by no means infers general willingness but it is first of all an appeal for an impartial tribunal to adopt the remedy. There is only one remedy ; for which can establish the facts and, if need be, fix the the alternatives of general bankruptcy of govern responsibility. ments or of mutual destruction in war can hardly The impartial investigator is confronted at the start be called remedial processes, and if these alternatives with several undeniable facts which qualify intelligent are accepted there remains only the so-called “ quix criticism. Sickness of soldiers at the front or in camp otic ” proposition of the Czar. The first and abso is an inevitable incident of war; the records of our lutely essential step is to stop the annual Civil War, for instance, show that deaths in the army increase in these armaments ; thi3, from the from disease were double the combined number of very nature of the case, can be done only deaths in battle and from wounds, and by far the by formal agreement of the Powers concerned. largest percentage of such deaths from disease were It will he observed that out of the rather general cases of typhoid fever. It is, moreover, perfectly ob chorus of • skepticism from European critics of the vious that conditions this year, at the front at all Czar’s proposals there has come one note of practical events, were more unfavorable than in the Civil War. common sense : the suggestion that if Russia were to The army was more hastily recruited and mobilized; abandon its plans for new war-ships, Great Britain its operations were more rapid and exacting; the hos too might revoke the order for increased naval arma tile country was a fever-stricken district, and was in vaded at the most dangerous season of the year. ment lately submitted by Mr. Goschen. It is not to be supposed fhat ^disarmament of the Finally the difficulties in the way of landing troops nations could at this moment be seriously considered. and stores before Santiago, and of bringing them to But it will readily be recognized that much will have the front, were vastly increased by the lack of a been accomplished if the nations merely agree to stop serviceable harbor and the absence of anything like available military roads. These facts must not be with such armament as they have to-day. We have pointed out the peculiar reasons which overlooked, and ought to be fully weighed in fair Russia has for dreading the future under the system criticism of the misfortunes of the army. now employed. It may be thought—it has been But it seems to us that these exceptional circum argued in some quarters—that Russia’s particular stances fall very far short of explaining the present needs and embarrassments gave a motive to the Czar decimation of our army by disease. The Secretary of which need not exist with other sovereigns. But as War, declaring this week that he will order no investi a matter of fact it can only be a question of time, of gation of the Quartermaster-General’s Department, of relative endurance, when every State must reach the the Commissary-General’s Department, or of the Sur end of its rope under the remorseless strain of the geon-General’s Department, adds that “ there is no modern military system. Greece, Italy and Spain fault to be found with them. If there has been any lack gave way before the stronger financial nations made of supplies, food, medicine or clothing in any of the any sign of distress; Russia’s finances might possibly camps, it has been due to the officers in command or collapse before those of France or Germany, but the to unavoidable circumstances.” But this in our Nemesis of the system must sooner or later, unless judgment is an extremely ill-advised way of meeting some halt is called, overtake every State. Indeed, if the situation. Fault has been found with every on 456 THE CHRONICLE. [Vol. LXVII.of those departments and with the War Department1 unloading were lost at sea, and hence that facilities as a whole. The complaints are specific; they are for landing supplies were unavoidably cut oil. This emphasized a thousand times by the shocking spec may be true ; but Surgeon Munson’s report clearly tacle presented by our returning regiments. They proves that boats were to be had, and that iu the end, are the burden of popular discussion at this hour after a fatally long delay, they wore obtained. Why throughout the Union, and we greatly doubt if popu there were no such boats specifically available for the lar opinion will submit to an ipse dixit of this kind, supply ships, and under the orders of the proper offi whatever its source. Moreover, even Mr. Alger ad cers, is not explained at all. We are perfectly well mits that if such neglect, has been proved, the com aware that Gen. Shatter’s plan of campaign involved manders are to blame, and it appears to us, since the quick attack, and that the first requisite was dehad conditions are no matter of doubt, that investi barcation of the troops and of the ammunition. gation is absolutely essential to fix the responsibility, But to say that this part of the unloading even if it rests on other shoulders •than those of the was necessarily the first is a very different Department officers. If the medical and subsistence matter from excusing total neglect of provision staifs at Washington are without blame in this mat for the wounded, even when serious fighting had be ter, they themselves ought to be the first to demand gun. The essential fact remains that there was investigation. Surgeon-General Sternberg has already neither proper provision nor proper organization for asked for such investigation, and a refusal by the the landing of the army. The navy sene boats to Secretary would, in our judgment, he as grave an in bring the soldiers on shore ; why was no arrangement justice to him as to the public. made for the navy to land the stores? We have seen Granting the fact that sickness on a considerable that a simple row-boat served the purposes of the scale was unavoidable, there are, it seems to us, five surgeons later on. As the “Army and Navy Journal’’ very serious matters which demand investigation. We points out, the rules of the British Admiralty not refer to the lack of proper food and medical supplies only provide explicitly that “ all troops, with their daring the attack on Santiago; the lack of proper and baggage, regimental stores and horses, are to be healthful transportation service for our soldiers on the. shipped and to he landed by the navy ; " but that way to Cuba and Porto Rico; the shocking neglect of ‘'•'boats, lighters and tugs ” for landing stores “ must the hospital ships returning with the sick; the bad in part, and should if possible entirely, be provided by judgment shown in selecting and managing the mili the navy.” A naval fleet lay close at hand during this tary camps in this country; and finally, the grave chaos at the Siboney landing-place. Does anyone sup blunders in the camp arranged at Montauk for the} pose that the medical staff would have remained cut off from its supplies if intelligent co-operation of this returning soldiers. The circumstances surrounding all these incidents sort had been arranged by our War Department ? are painfully well-known already to the newspaper The suffering of our soldiers in the matter of water reading public. We do not need to recite them. We transportation has some excuse in the difficulty of wish to add a few words, however, by way of showing securing sufficient transport vessels ou short notioe. the need of an investigation—not only in justice to But neither this argument, nor tire stock argument the officers now under popular censure but as an ab that army transportation cannot insure personal com solute necessity to the future remedy of existing de fort, wholly explains or excuses the overcrowding of fects. Mr. Alger has declared, regarding the lack of some of these transports to such degree that disease supplies at Santiago, that the troops sent to that broke outt before the troops were even landed. It is, point “ took with them three months' supply of every for instance, a matter now sufficiently w*ell known that thing, especially medicine and food." This statement, oar Porto Rico troop3 were in large measure unfitted go far as it goes, is confirmed by Surgeon-General in advance for a serious campaign by such provision Sternberg and by Surgeon Munson o| the medical for1their transportation. These bad results might corps at Santiago. But Surgeon Munson, who is best have been avoided, even with the overcrowding, had qualified to speak, goes on to show, in his report of food and water supplies been competently looked July 29, that the medical supplies thus forwarded t after. But the water supplies ou several of these were for the most part perfectly useless to the ships appear to have been so crudely arranged that army in its hour of need, because the medical officers contamination followed as a matter of course. were not allowed to unload them. Until a day or two The defects of this regular transport service were after the fight at La Guasima, when the wounded however so far overshadowed by the scandals of the were already crowding the hospital tent, the only hospital ships that not1 much has been heard of facility allowed to the medical department for bring them. It is not only the people at large who are be ing tentage, appliances and medicines to the shore at‘ wildered at the show of iucompetency in the equip Siboney was one row-boat, the order for which was re ment of such boats as the “ Seneca’’and the “ Concho,’’ voked after a single trip from the supply-ship. Most but the official organs of the army frankly confess that ctf these medical supplies remained inaccessible a week individual responsibility ought to be and can be after the heaviest fighting in front of Santiago. fixed. For the lack of adequate supplies the Sec These are matters of official record, not questioned retary of War blames the captain of the “ Seneca,” by anybody; what was involved by such neglect of and thus washes his hands of the matter. As to decent provision for the wounded our people have the over-crowding of the vessel, the Surgeon-General learned in the heartrending accounts of the hospital declares that an army officer transferred the sick soldiers to the “ Seneca,” and thus declares himself makeshifts at the rear of the Santiago army. It is quite useless to argue that nobody was to blame free of responsibility. Even the lack of proper medi for such a situation, the result of which was death by cal attendance on the hospital boat’s long trip is the score of soldiers whose lives would have been saved similarly waved aside. The regular medical corps, Dr. by proper care and provision. Mr. Alger lays much Sternberg goes on to say, “ is not one-quarter Mg stress ou the fact that lighters sent down for use in enough far the needs of the army,” and thus he ex- S eptember 3, 1898,] THE CHRONICLE. plains not only the shocking lack of medical care on the hospital ships but the utter lack of adequate medical attendance in the hospital tents at Siboney. We oannot help thinking that the average citizen will brush aside these technicalities, and ask who was responsible for committing sick soldiers to a ship of whose capacity every one was ignorant; why such dis posal of soldiers seriously ill was not made subject (as Surgeon Munson testifies it was not) to proper medi cal authorities, and who was so blind as to leave the medical corps short-handed in a campaign whose chief danger, as all the world knew, was disease in the invading army? Readers of history will remember that precisely similar excuses were made by the Brit ish War Department for the hospital and commissary scandals of the Crimean War, and these excuses have been rejected as promptly by the judgment of the last half-century as they were by the English public of 1855. What we have said regarding the other phases of this matter applies with equal force to the condition of the army camps in the United States and to the de plorable mismanagement at Montauk Point. It is maintained by some competent judges that such yel low fever as did exist in the Santiago army was brought from the infected camp at Tampa. Be this as it may, the fact remains that our soldiers returning from the Southern camps, where they have had to face neither Cuban malaria nor Spanish bullets, are in almost as wretched physical condition as the soldiers from San tiago. We have never been able to understand why it was necessary to station Northern soldiers in a South ern climate during mid-summer ; but the climate does not explain the typhoid epidemic, which has put a good part of our volunteer army out of service. Nor, we think, is the matter satisfactorily disposed of by the easy retort that volunteer soldiers are always care less and that typhoid in crowded communities is very common. The very recognition of such facts ought to have led to scrupulous care in the selection of camps to shelter and officers to discipline the recruited troops. We say again, therefore, that an official and impar tial investigation of these incidents of the war is a positive necessity. If our methods of army manage ment have been wrong, we certainly ought to learn both the evil and the remedy. If incompetent officers have mismanaged matters in any grade of the service, it is due to the country that it should be informed who were the culprits and how they obtained their offices. If appointments for political favor have done this mischief, it is of the highest importance that the evil should be exposed; for politics in an army, as France proved twentyeight years ago, leads in the end to demoralization and ruin. If, on the other hand, all these incidents were inseparable from a war such as has just been concluded, then, we should say, President McKinley owes it to his subordinates in the War Department to allow the facts to be brought forth in such manner as will convince and satisfy the American public. A NEW OFFICIAL COMMEUCIAL INTELLI GENCE DEPARTM ENT IN ENGLAND*. Manchester , August 2-lth. It is a significant indication of the growth of Euro pean official interest in the promotion of foreign trade that the governments of Germany, France and Great Britain have recently taken steps tending to increase ^Communicated by our Special Correspondent at Manchester. 457 and make more efficient the assistance which they severally render to the mercantile and industrial inter ests of their respective countries in connection with markets and commercial opportunities abroad. In Germany, the constitution and functions of Chambers of Commerce, which there as well as in France are semi-official bodies—partly supported by the State— have recently been revised with this object in view. In France a new “ Commercial Intelligence Bureau” has been established, and in England the report and recommendations of a Special Departmental Committee have just been published proposing some important changes in the official methods of collecting informa tion in foreign countries and the British Colonies, and of disseminating it amongst the commercial and in dustrial community at home. The Committee, appointed on July 26th, 1897, was composed of five representatives of the Foreign and Colonial Offices and the Board of Trade, and five non official members, viz., the President of the Association of Chambers of Commerce, the President of the Im perial Institute, the Presidents of the Manchester and London Chambers of Commerce, and Sir James Mackay, who has had extensive business experience in India. Seventeen witnesses, including two from the Manchester Chamber, were examined, and the Com mittee was supplied with answers to a number of in terrogatories which it had addressed to Chambers of Commerce throughout the kingdom. The report of the Committee premises that the topics upon which it was specifically requested to ad vise were (1) the collection and prompt dissemination, amongst those interested, of accurate information upon commercial subjects, and (2) the official collec tion of samples, especially of goods of foreign manu facture competing with British productions, and the exhibition of such samples to manufacturers and trad ers in the United Kingdom. In dealing with the first of these points the report sets forth, at the outset, the already existing methods of supplying commercial in telligence by the publications of the Foreign, Colonial and India offices and the Board of Trade. These in clude, of course, the Consular Reports, which were much criticised in the evidence—favorably and un favorably—and the Committee admits that they might be improved. So far as their matter is concerned the only material suggestion offered is that Chambers of Commerce should from time to time indicate to the Foreign Office specific subjects for special investiga tion by Consular officers. Some such plan has for some time past prevailed in the United States. Every regular reader of American Consular Reports can testify to the frequency with which special investiga tions are made under instructions from the Depart ment of Foreign Commerce at the instance of com mercial bodies and even of individual firms. * Often, indeed, the results of such inquiries are of great in terest and of practical value. The report further recommends that in the British colonies where there is no representation analogous to that of Consuls in foreign countries, agencies for ob taining commercial intelligence should be established. In the Crown colonies these should be selected from Collectors of Customs or officers holding similar posi tions, and in the self-governing colonies it is sug gested that the various administrations might be will ing to appoint suitable men. Means of increasing the efficiency of the Consulates, as commercial reporters, are recommended. The addition of clerical or oxpeit 4f 8 THE CHRONICLE. (V ol . LXYII. assistance in some eases is proposed. More important ligence. The Committee is .to have power to withhold still, regarded as a new departure, is the proposal to from general circulation such information a3 may ap dispatch, from time to time, properly qualified com pear to it more suitable for communication to Cham missioners to particular countries to investigate and bers of Commerce and other associations. report upon the progress and condition of trade. The Composition of the new department, or rather “ Thus, at intervals of say three years, a commercial of its controlling body, presents a feature which, expert would visit British North America, the Aus though not quite without precedent, is novel in a per tralian and the South African colonies, with a view to manently constituted British organism. It is to he a collecting and noting such developments us have committee made up of one representative from each taken place since the last visit.” Similarly special of the four chief Governmental departments con agents are to be dispatched to foreign countries as cerned with foreign or colonial affairs, and six repre occasion may require. One such ageut is, indeed, sentatives of commerce and industry chosen, each for already at work in the Argentine Republic, Southern a definite period, by the President of the Board of Brazil and Chili. He left England about six months Trade. The Chairman is to he the representative of ago, and the results of hi3 mission will doubtless that department, and the Secretary one of its per afford guidance to the Government in following up manent staff. The constitution of the Commit this proposal of the Committee. tee follows approximately that of the “ Trade To one suggestion put forward in the evidence the and Treaties Committee,” which sat from 1890 Committee is entirely opposed. It was denied that to 1893 to consider questions arising out of British Consuls should furnish information as to the the European commercial treaties expiring at financial standing of business houses in their districts, the beginning of 1892. Four or five years ago the that they should assist iu the recovery of debts, and establishment, in permanence, of some such joint even that they should act as agents for advertising or official and non-official body, for commercial purposes, selling British goods. The report observes that to was earnestly pressed upon the attention of the Gov undertake duties of this kind would be to expose Con ernment by the Manchester Chamber of Commerce. sular officers to responsibilities which they ought not The project has now received the approval o£ the to beai", and that their assumption would prove a fruit Committee, though in a somewhat different form. ful source of jealousy between rival traders. It may The concluding portion of the report recommends the be noted here, however, that to a very limited extent maintenance in London of a commercial museum, the British Consuls do sometimes render services of this contents of which should be circulated for inspection kind, but these are variously limited by the interpre in the chief manufacturing and mercantile districts. tation which each Consul is disposed to put upon the The museum is to be formed on very much the same general instructions framed by the Foreign Office for lines as the museums of Brussels, Vienna and his guidance. Philadelphia. But the most prominent innovation recommended It should he stated that although all the members by the Committee is the founding in London of a new of the Committee sign the report, two notes are ap official department under the control of the Board of pended, expressing a certain reserve on the part of Trade, to be called the “ Commercial Intelligence two of them. Sir James Mackay doubts the utility Office.” Its function is broadly described as that of of the proposed new department, pointing out that meeting “ the constantly increasing demand for British industry and trade have attained their present prompt and accurate information on commercial mat vast importance entirely through private initiative ters, so far as it can be met by Government action.” and private effort, and he thinks that private The opinion is expressed that “ it is more than essen enterprise may be trusted, with a minimum of tial in these days that our manufacturers and traders Government assistance, to maintain and enlarge should rely mainly on their own efforts to extend the them. Mr. W. H. Holland, late President of the area of their transactions and the amount of their Manchester Chamber of Commerce, says: “ It is a business. The State may, however, usefully afford sound principle that governments should not be ex assistance in the interests of the trading community, pected to do for the trader what he is able to do for as a whole, and may supply information from a broader himself.” He supports, however, the proposal to set point of view than that of the individual trader.” up a Commercial Intelligence Office as an experiment. The new department is not to take out of He also thinks that “ British commerce should look the hands of the Board of Trade, the Foreign for its expansion chiefly to individual energy and Office, the Colonial Office or other administra capacity,” tive departments any of the duties with which they are now charged, except such as may from time ANTHRACITE COAL RATES AND THE ONTARIO & WESTERN. to time be specifically indicated by Her Majesty’s Government. Its chief work will be (1) to receive We have on previous occasions directed attention to from these departments, and from other sources— the growth which lias occurred since 1890 in the reve public and private—all intelligence bearing upon the nues of the New York Ontario & Western and the subjects committed to it3 care, and to digest, prepare great improvement in the position of the security and distribute such intelligence in ways most likely to holders which has followed as the result. Analysis he useful to persons engaged in commerce and indus of past reports has shown that this improvement was try; (2) to reply to all inquiries coming within the due principally to the anthracite coal traffic developed scope of its functions, orally as well as in writing, and with thebuildiug of the Scranton Division, hut that at (3) to direct applicants for special information, not at the same time the management have carefully looked hand, to the proper sources from which it may be best after the other classes of business—building up the obtained. One rtcommendation, quite original so far milk traffic, fostering the passenger traffic, and in as British practice is concerned, evidently follows the various other ways seeking to add to the permanent German method of utilizing official commercial intel e arning capacity of the property. September 3, 1898.j THE CHEQNICLE. 459 The annual report of the company for the fiscal year many of the low-grade bituminous roads, over some ending June 30 1898 is now in the press, and we have of which fifty-car trains may be hauled. been favored with early proof-sheets of the same. In Another difference is that in the anthracite trade this period of twelve months there was no further ex there are known nearly a dozen varieties or sizes of coal pansion, gross and net being substantially the same as while there is no sizing or grading of bituminous. for the twelve months preceding ; but in being able Soft coal is generally dealt in, unassorted and unclas to make such a record as this the company must be sified, and trains do not need to be broken up or considered to have done remarkably well; for the divided so as to get a particular size, nor need there conditions were not favorable to improved results. In be any storing or side-tracking, the coal beiug gener the first place, industrial revival, from which much ally delivered at regular intervals under contracts had been expected, was checked by the “ Maine” dis for large quantities. There is consequently much aster and the subsequent outbreak of the war with less switching and shunting, and cars are unloaded Spain: while the anthracite coal trade, from and returned much more promptly. On the other which the road derives its largest source of hand each of the different sizes of anthracite traffic, remained throughout the whole period, must be taken from chutes when the break as is well known, in an exceedingly unsatisfactory er is running and loaded into and carried in state. Despite it all the net earnings fell but a trifle separate cars and side-tracked or stored until wanted. below the total for 1896-7, which was the best ever At different seasons of the year certain sizes are reached: in other words the road earned net of in demand, while other sizes may have no market 81,112,992, against 81,113,906. And as reflecting the whatever. Those sizes not required are dumped into favorable character of its income exhibits, we may storage places and thus remain until it is possible to note that with net of 81,112,992, the fixed charges dispose of them; or such sizes are carried in cars amounted to only $710,532, leaving a surplus balance which are side-tracked sometimes for months at a of over four hundred thousand dollars—8102,460. It time. Thus the anthracite carriers are in the posi should be borne in mind that the Ontario & Western is tion of having to render services not only as common relatively a small road. There are systems several carrier but also a3 warehouseman, factor and some times as financial agent. times its size whose surplus is no larger than this. President Thomas P. Fowler in the present report Mr. Fowler also avers that rates in the case of bitu enters into an extended discussion of the conditions minous coal are usually on the basis of a 2.000-pound prevailing in the anthracite coal trade; and this ton, while those in the case of anthracite coal are on the part of his remarks is of general interest in view of basis of a ton of 2,240 pounds. Adverting to the claim the fact that the topic is one of much concern to frequently made that the operations of the Ontario & the whole anthracite carrying industry. After noting Western in this particular field furnish evidence that that extreme depression has prevailed, and citing the the anthracite coal traffic is unduly profitable, Mr. views pro and con as to whether an early improvement Fowler notes that the construction of the Scranton Di can be expected, he points out that the usual panacea vision involved the building of only 54 miles of line. The has already been suggested, namely a reduction of the Ontario & Western previously had had, for many years, freight rate. The claim is made, he says, that it is 325 miles of main line admirably located for reaching manifestly unfair to charge higher rates for transport the anthracite markets via the Lakes and tide-water, ing anthracite coal to market than is charged for as well as at other interior rail and water points. As an hauling bituminous coal. He demonstrates very entirely new operation, he says, from the coal fields to clearly and very conclusively that this notion has the markets, it could have offered no inducement to nothing to support it. either the capitalist or experienced railway promoter, In the first place he states, what will we are sure be and in fact could not as such have been built. a surprise to many, that the gross earnings from this We have in the foregoing given only an outline of branch of the Ontario & Western’s traffic have aver Mr. Fowler’s arguments and reasoning. His entire aged under seven mills per ton per mile from the time remarks must be read to appreciate what a strong case the Scranton Division wa3 opened up to the present he makes out for the existing tariff charges of the date. Furthermore, he says, it must be borne in mind anthracite roads. that all coal traffic is one-way business—that is, the coal trains earn nothing whatever when returning from GROSS EARNINGS FOR HALF-YEAR. the markets to the mines. Then he clinches the argu The improvement in the gross earnings of United ment by saying that were the rates paid for hauling States railroads during the first six months of the cur bituminous coal applied to anthracite, the Ontario & rent calendar year was so marked that it seems desir Western would be oneof those which would be obliged able to know approximately the aggregate extent of to retire from this branch of business, as.it could not that improvement as expressed in dollars. In other profitably haul coal to tide water or other points at a words, how much the roads added to their revenues in this period of time. In that way we get a better idea rate of three mills per ton per mile. Mr. Fowler proves, too, that there is no reason why of the change which has occurred in the condition of the rate for hauling anthracite coal should be as low this important industry. as the rate on bituminous coal or lower than the We published a very comprehensive statement last present anthracite rates. The train loads are neces week which showed a gain in gross earnings over the sarily much lighter than those of the bituminous corresponding six months of la3t year of somewhat carrying railways, as all anthracite producing mines over 51 million dollars. This is a large amount, but in this section of the country are located in the deep it does not represent the full extent of the expansion valleys of the State of Pennsylvania, and various which occurred. The statement referred to, while summits and heavy gradients are encountered in mov very elaborate and extensive, included only the roads ing the product of the mines to markets. The actual which had made reports of both gross and net. Of transportation cost is therefore heavier than it is on course it is impossible to procure returns from every THE CHRONICLE. 460 road in the country. But there are quite a few which, while not reporting net, give out statements of the gross. Hence if wo undertake to compile figures of the gross alone we can enlarge upon our statement of last week. Starting with the totals reported in that statement, we have in the following table added 46 other roads for which we have the comparisons as to the gross though not as to the net. GROSS UARN1NG9 OF UNITED 8TA.TES RAt LWAVS J A N U A R Y 1 T O J U N E SO. 1893. 1897. Increase. Decrease. * P re v ’slyrejOl (186r<!a) — 187,173.197 436,122,181 51151016 Additions for road in -1 clndtfd in above tot als for only 5 moot ha 15,311,361 14,503,122 808,24*2 which have since re ported for June ... j A ia N.O rl.& T e x. Pao — 73,189 617,54? N e w Orl,«fe No East, .. 690,731 57,99f 331,612 276,816 Alabam a <fe Vick sb ...... 79,550 330.675 251,125 Y'l ckab. Sb re v, Pa o.___ ,, ___ 130,654 111,719 Boston R- B. & L yn n — 401,997 116,035 il,0 3 S Chic.Peo. &St. Louis----7,862,376 L, 490,260 Chic, Rock TsM «fe Pao. — , 9,352,636 3,446,865 277,681 3,724,546 Chic. St, Paul M. <fe Ora.. 582,912 519,022 43,890 Ohio. Term. T ransfer____ .. 26,956 27,850 CId . Genritet’wn »* Ports. 1,115,119 1 L0,029 1,225,1-18 Col. Hock Val. & T o l .... 8,550 8,800 Colusa. & L ak e................. 100,242 107,259 207,501 Det & Lnna Northern... 128,228,341 136,560 Evansville A In d ’p.lis— 4^4,260 89,855 574,115 Evansville A T .H au te — 1,199,293 1,513.*96 314,603 Fla. Cent. A Penin...........j 403,494 427,609 Georgia Car, A North...... 7,858,773 6,128,013 L,730,760 Gt. Nor.—8. P M A M ...... 669,965 46,911 716,876 Eastern of M inn........... 37,354 998,713 961,359 Montana Central......... 57,842 22,470 80.312 G o lf Beam’t A K an.C ...... 1.546,070 72,215 1,618,285 In te rn a l! & Gt, N o r...... 1,580,500 1,295,020 285,480 In ten ceanio (M a x .)........ 1,555,605 883,906 671,699 K a n .C . Pitts. A G u l f . . . . 5,110 123,304 Kan. Cl tv A Omaha. — 118,194 55,582 Kan. City Sub. B elt........ ‘12-1,880 169,-98 163,915 178,297 14,332 Lehigh Hue so n ........... 39,090 39,749 L os Angeles Term inal... 729,452 653,860 75,592 Lonisv.Evans.ASr. L ____ 2,016,500 1,804,000 212,300 Mexican R ailw a y ........... 335,562 Mexican Southern........... 360,631 73,471 Mo. Kansas A Texas...... 5,0^2,766 4.929,295 Mo. Pacific Iron M t...... 12,276,114 10,620,147 1,655,967 171,863 650,354 Central B ran ch .......... 478,691 23,101 382,5 21 359,420 N e w London Northern... 12,255 Ohio R iver A L. E rie*..-10,809 1,446 314,963 5,292 Ohio Southern................. 309,671 502,535 Pitts. Bess.A L. E ric ........ 265,039 237,491 158,741 16,449 142,292 St. L, Ohio. A St. P.......... 4,466 St. L, Kennet A So’n...... 29,458 24,992 St, Louis Southweat’n ... 2,392,669 2,040,414 352,255 685,884 33,707 St. Paul A D u lu t h ......... 65V, 177 Bher.Shrev. A South ....... 126,455 2,200 124,255 Texas & P a cific .............. 3,521,296 3,050,475 470,821 3,715 4,184 Visalia A Tulare.. ........ 39,313 435 W abash Cfces A W est... 38,878 693,561 Wheeling Lake E rie ___ 492,411 201,150 $ } & & 18,935 .. _____ 89 4 250 .. ____ 24,115 * For five months. PBIWIP.U. uHlNGES IS G U O S S BARKINGS IN S I X M O N T H S . In e re a ie a . I n c r o t i* e » . Southern Puoille.......... §-1,930,607 8av. Fla. A W estern.... $326,609 Pennsylvaniar____ ____ 3,857,800 Internal, a Gt. N orth . 285,480 OhloMO Burl. & Q uin.. 9,909,904 ChlO.St. P. Mm A O m .. 277.681 Atoll Top. A San t. Fo. 2,707,33* Del. Lack. A W estern.. 262,829 262,428 Chicago A North West. 2,628,660 1Choc Okln. A G u lf...... Illinois Cen tral............ 2,*28,825 Buff. Rooh. A P itts____ 251.007 Northern P n o lllj......... 2,631,7-11 Pitts, Bess. A L. Erie .. 237,496 233,161 Chic. Mil. & St. P a u l... 2,010,898 Minn. St. P. & S. 8. M .. 232,421 I'naiultan P a o iile ........ 1,883,325 Un. Pao Den A G u lf... 221,219 Mo. Paoino Ir. M t.... 1,927,660 Central of N . J erse y ... 212,300 Croat Northern S y . . .. 1,815,025 M exloau R ailw ay ...... 210,705 Baltimore A O h i o ...... 1,550,610 Ala. N. O. A Tex. Pao.. t Milo. K nelt 1st. ,V P a r . . 1 ,1 9 1 ),2 6 6 W heeling A. Lake E rie. 201,150 194,615 PUI1. ® R mk1 a n d C .A I.* 1,305,710 Mobile A O hio.............. Oregon IUt & S a v lg ... 1,276,910 PitteUurg & W e s te rn ... 207,755 188,385 Louisville. A N a s h v ... . 1.133,119 Elgin Joilot A Eastern. 185,620 l ’aeilk1 . Coast................ 1,121,018 Nashv. Ohfttt. A St. L .. 183,836 W ab a sh .................. 992,258 Kan. city Mom. A Bir.. Union Par|Ho............... 933,717 Mexican C en tral......... 171,540 169,149 Southern R ailw ay........ 905,630 Kan. Oily Ft, S. & Mem. Dill. So. Shore A A r l .. . 157.274 Memphis Division. 108,902 148,397 Now York C en tra l. . . . . 830,717 Ft. Worth A Den. City. E rie............................ 603,787 Iow a C e n t r a l............ . 146,189 142,242 Denver Rio G ra n d e .. 691,80*2 Long Island.................. 133,082 Kan 0. P lus. A G u lf... 671,699 Peoria A E astern ___ ... 849,112 Chic. I ml. A Louts vine. G ran d T ru n k ...... ......... 135,781 123,208 L. Shore & Mich. South, -1-8,759 Mexican Intornat'l — 118,141 oiev. Gill. Ohio. A-at. L . 471,563 G ran d Rapids A In d ... 116,8*8 cm . N. O. A Tex. P a c ... 489,245 Allegheny V a lle y ......... 115,476 N. Y . Chic, A St. Lou is.. 426,988 W est N. V. & Perm ...... Balt. Ohio Southw .., 419,27a Clev. Lorain A Wheel'g. 115,239 115,144 Mioh. Cent. & C a u .8 o .. 418,000 N ew E n g'am l............... 111,253 St. Louis A San. Fran .. 401,321 F itch bu rg..................... In d ian ap ... 111,943 L V. R R .& L. V .C o a l. 400,>16 Terre H 110.029 Chesapeake A Ohio .. . 301,144 Col. Hock. Val. A T o l.. 109,901 Wisconsin C en tra l...... 390,371 Flint A Pere M a r q ...... Rap. A W est,. 109,291 Rio Grande W estern... 388.064 Det. 108,882 Phil. Wilm. Balt...... 365,100 Chic. A West. Mich...... Ohio & Grand T run k.. 351,8*1 Det. A Lima N orthern. 107,259 101,370 347,418 Atm A r b o r .................... Oregon Short Line...... Norfolk A W estern ...... 343,866 Total (representing St. Louis Soutliwest’n.. 352,255 105 road3)............ $58,029,540 Fla. Cent- A Penlnsul'r. 3 14,603 Chic. Great W e s te rn ... 307,652 & & & Gv. & (Covers lines directly operated east and west of P ittsb u rg ; the gross on Eastern Hues increased 81,774,000 and on W estern lines $2,083,800. *For live months to M ay 31. . ... 659 . . ___ 25,0 i9 DEBT S T A T E M E N T A U G U S T 31 1898. The following statement of the public debt of the United States on August 31 1898 is made up from iffioial figures issued ou that day. Further ou we give an interesting exhibit of the bonds issued in aid of the Pacific R ulroads, and the Treasury cash hold ings, all of the same date. Amount $ $ c * \ IN TEREST-BEARING __ ____ 469 & 6/,103 733 l x v ii. & & Total (232 roads)...... 567,053,205 506,020,873 Net increase (12*06 p.o.). Miles of roads.................. 164,161 163,095 IV ol. 70.391 1,066 Altogether, therefore, we have the res ults as to 232 separate roads, operating 164,161 miles of line. In this way, it will be seen, the increase is raised to over 61 million dollars, the 232 roadshaving earned 567 million dollars in the first sis months of 1898, against only506 million dollars inthe first six months of 1897. In addition, however, there are, as already stated, a number of other roads from which it is not possible to secure returns. These, if they conkl be included, would still further swell the amount of increase. In the preliminary compilations published in our issue of July 16, we estimated the probable improvement in gross earnings on the railroad system of the United States as a whole for the six months at 65 million dol lars. We are now inclined to raise this estimate, and say that the improvement was probably in the vicinity of 70 million dollars. We shall not attempt to dilate upon the moaning and significance of this expansion of 70 million dollars in the gross revenues of our railroad transportation lines in a period of six mouths. We wish simply to record the fact itself. In the following we furnish a list of the roads distinguished for large amounts of gain. The statement is the same as that published last week, with the addition of such roads as belong in the table now that the basis of the compilation has been extended. T itle o f L o a n — In te r e s t p a y a b le . DEBT AUGUST SI, 1898. -A m o v / a t o u ts ta n d in g .O oupon. lo ta L R e g is te r e d , is s u e d . 2 t F u n d , loan, 1891, n __at ............ 25,304,500 25,304.500 250.000. 000 Continued at p.e. > 7-10,909,200 491,025,400 08,618,450 559.640,830 is, Funded loan, 190?.,Q.— J. ................. 11.030 10,012.750 ............ 4s, Refund’g certified.Q.— J. 100.000. 000 011,353, i 50 31,64 0.559 100,000,000 5s, Loan of 1904...... .0.— F. 102,315,400 112,522,500 49,792.901 162,3 lb, 4.00 4s, Loan of 1925..... . .Q.— F. 08,070,760 74,845,020 ; 4,8)5,020 0.174,260 ?s, 10-208. 'of JBfiB...... Q — F. Total, excluding Pac.____ 1,368.081,3'/0 70l,4t?,UO 220,7'*:8.6J.0 022.212^00 R R Bonds.. Bonds issued to Pacifle Railroads not yet matured: Central Pacific, ¥,9,197,000; Union Pacific, $.3,157,000; Western Pacific, $l,0oO,500; total.................................................. ...................................... 14,004,560 Note -Tlie dcnominat.ous of bonds are as follows . Two percents (registered onlv), *50, *100, *500, $1,000, $5,000, *10,000. $20,000, ?50,0i)0; 4s of 1907, regis tered, $50, $100, $500, $1,000, $5,000, $10,000, $20,0j0, $50,000, coupon, $50. *100, $600, *1.00'’ ; is, refunding certificates, $10; 5s of 1904, registered, $50. $100, ■1 000 $10,000, coupon, 150, $LOO, $L.ooo; 4s of 1925 registered. $50, $100, foOO, tLOOo] $5,000,110,000, coupon, $50, $100. $500, $1,000. DEBT ON W H IC H INTEREST HAS CEASED SINCE M ATUR ITY. 30. Funded Loan of 1891, matured September 2,1891.. $12 .300 00 Olddebtmaturedpnorandsabsequentto.Jan.1,’61 1,131.750 26 1,130,'<30 26 July August. 31. 22 Debt on which interest has ceased....................$1,260,050 26 $1,259,030 20 Bonds issued to Pacific railroads matured but not yet pre sented: Union Pacific, $'".000; Central Pacific, $15,000; Kansas Pacific. $U,OoO; Sioux City & Pacific, $ J.oOJ ; total... 87,000 00 DEBT BEARING NO INTEREST. $310,681,016 00 G:l,997 50 30,206,200 00 ,$15,260,€86' 14 . S,375,934 00 6,88-1,7^2 14 0nlted States notes.................................... Old demand notes. .................................. National Bank notes—Redemption account. Fractional currency......... ...........■- .........• Less amount estimated as lost or destroyed, .$383,885,971 64 Awreftato of debt bearing no Interest. RECAPITULATION. Claxtiiftcatton of Debt August 81. $ 333,685,971 Oi 1898. JF/I/3L, ? In c re a s e o r D e c re a s e . * 1898, 8-17,367,730 00 t.260,050 20 384,297,411 61 In c .7 J,845,070 00 D ec. L020 00 D ec. i lM 70 CO Total jrross debt....... ,1.'07.857.801 90 1,233,925,22190 251,841,215 06 Cash balance In Treasury- . 294,487,084 60 lnc.74,132,580 00 Inc, 39,042,869 54 922,212, *00 00 [nterest-be&riatf debt. 1.219,030 20 Debt, interest ceased...... Debt bearing no Interest... T otal net debt........ . . 1,012,870.717 30 078,0 \L,006 B4 Incb 34,789,?10 40 The foregoing figures show a gross debt on August 31 1898 (interest-bearing and non interest-bearing) of $1,307,357,801 90 and a net debt (gross debt less net cash in the Treasury) of $1,013,870,7 L7 30. P acific R ailroad D ebt.— T hese bonds are never included in the official total of the Government debt. To show their present status we have made the following compilation : THE CHRONICLE, S eptember 3, 1898.J BONDS ISSUED TO PACIFIC RALLEOADS—TH E IR STATUS SEPT. 1,1898 R a ilr o a d L i a b i l i t y Bands Is s u e d b y G o v ’ t. Nam e o f R a ilw a y . N et I n t . P a id b y G o v ’t . B on d s— M a t u r it y o f. D ed uct S in k in g Fund, & c. L e a v in g N it P a s t-D u e . D u e J a n . L i a b i l i t y . U n p a id . 1, 1899. * Central Pacific... Western Pacific. Cent. Br., U. Pac. Sioux City Pac. & Total........... $ $ $ * * 10.088,120 25,8*5,1*20 30.593.939 8,902,317 53.570.742 5,390,6? 2 320,000 9,197.000 1,050,560 1.970,560 a,4 0,092 3.765,33H 1.600,000 1,600^000 2.105,33? 4,22«840 1,628,320 1.628.320 2,GOO,620 8,009,31* «6.8fi,f>7o 20.236.440 10,847,580 3L°84,000 44.779.887 T reasury C ash and D emand L iabilities .—The cash hold ings of the Government as the items stood August 31 we take from the Treasury statement of that date. The net cash balance given below is the same as deducted above in reach ing the net debt. CASH IN TH E TREASURY. *148,2^1,190 67 Gold—Coin........ . 105.175.H97 10-1253,377,193 83 Bars......... 400,200,209 03 Silver—Dollars..., !0,903,44*5 73 Subsidiary com. 90.141,-34 9 0 - 513.400.8P4 09 Paper—United States notes.............................. 71,^85,435 00 4.339,020 00 Treasury notes of 1890................................... 1.040,140 00 Gold certificates............................................ 8.117.131 00 Silver certificates........................... - ............. 280.000 00 Certificates of deposit (Act June 8,1872)........ 4,416,723 8 3 - 93,084,055 88 National bank notes....................................... Other—Bonds, interest and coupons paid, await 107.919 44 ing reimbursement........................................ 1.^05.815 09 Minor coin and fractional currency.................. 61,138,691 14 Deposits iu nat’l bank depositaries—genT acct— 4.829,770 01- 07,282,201 08 Disbursing officers’ balances..................... ....... Aggregate.......................... .................. . *927,144,040 08 DEM AND LIAB ILITIE S. Gold certificates............................................... $37,119,149 00 Silver certificates ................................................ 401.107,504 €0 Certificates of deposit act Jane 8,1872................ 20.560.00000 Treasury notes of 1890...................... ............. 99,2*0.280 (0 *558,040,933 00 Fund for redemp. of uncurrent nat’l bank notes 8,589.064 49 Outstanding checks and drafts......................... 8.25 \515 20 Disbursing officers’ balances............................. 52.901,005 23 Agency accounts, Ac........................................... 4,804,043 50 — 74,010,62348 Gold reserve............. ............. *100.000.000 00 ietcash balance....................... 194,487.084 60 ...................... 294,487,084 GO Aggregate.................................... ..................................... *927,144,640 03 Net cash balance in the Treasury July 30.1898.......................... *254,814,215 06 Net cash balance in the Treasury August 31,1898..................... 291,487,084 00 tl 9.042,8e9 54 Increase during the month IMPORTS AND EXPORTS OF GOLD AND SILVER A T SA N FRANCISCO. 461 per cent, Chicago 6'3 per cent, Baltimore 16'8 per cent and St. Louis 19‘9 per cent. 3. W e e k E n d in g S e p te m b e r Cl e a r in g s . R e t u r n s b y T e le g r a p h . 1893. 1897. P e r O ent New York........................... Boston................................. Philadelphia........................ Baltimore............................ Chicago............................... 3t. Louis....... - ..................... New Orleans......- ............... $036,553,647 79,305,987 57,092.457 12,246,909 81,538,253 19,001,520 4,351,798 $001,949,263 76,002,391 58,342,073 14,024,046 87,058,468 24,470,508 4,304,553 + 14-1 +4*4 -2-1 -16-3 -6-3 —19 9 +1-1 Seven cities, 5 days........ Other cities, 5 days.............. $940,750,571 145,013,207 $836,751,302 130,927,418 -+8*5 +10*8 Total all cities, 5 days— All oities, 1 day................... $1,085,763,778 230,014,706 $997,678,720 219,770.887 +8-8 +4-7 $1,315,778,484 $1.217,449.807 +8-1 1893. E ig h t M o n th s , Total all oities for week.. Another table, our usual monthly detailed statement of transactions on the various New York Exchanges, has also been crowded off of the first page. The results for the eight months of the current year are, however, given below and for purposes of comparison the figures for the corresponding period of 1897 are also presented. E ig h t M o n th s , Description. P a r V a lu e o r Q u a n t it y A c tu a l V a lu e . A v e r ’ge P a r V a lu e P r i c e . o r Q u a n t it y 1897. A c tu a l V a lu e A v e r ’ ge P r ic e . , 09,509 300 3t00k| Val8: *0,700,7 IL325 |5039787453 75*0 RR. bonds.. *552,454,910 *431,774.21* 78-5 Oov’t bonds *1L.2-5,450 *12,571,204 111*1 *801,302 42*0 *1.879,700 tate bonds *2 £0,319 232*7 *127,530 Bank stocks 42,8*8,019 *1092123750 j 2709337235 60*2 *330,104,290 *252,392,143 76*5 *8,431.00 1 *10,2i 2,917 121*1 *1,121,0 >0 |03»,O8v8 50*3 *226,010 *395,777 174*7 Total — *7,290,408 H 5 *5.537231110 75 9 *4432009050 *2,972969210 07*1 THE SALS'* OP STOCKS A T MB W TOR It STOCK SttH A V lllfi. 1898. Month Number of Shares 1897. Values. P a r. V a lu e s . N um ber A c tu a l. o f S h a re s . P a r. A c tu a l. * $ 041,911,009 3,305,112 323.774.750 650,208.221 2,803,401 200,439,100 788,778,535 5,039,910 485.428.750 * 208,587,472 171,004,654 325,254.505 lstqr 28,328,203 2,770,575,825 2,080,897,815 11,208,729 1,075,033,000 705,448,031 Jan .. 9,290,391 Feb... 8.950,824 March. 10,080,9-8 1 912,554,075 373,528,400 984,492,750 April... 5,979,445 500.527.150 443,292,230 3,569,007 335,710,350 229,076,827 The Collector of Customs at San Francisco has furnished May.... 9,191,084 871.430.150 039,711.833 3,342.035 324,135,850 227,037,329 ns this week the details of imports and exports of gold and June... 9,173,051 873.080.150 035,445,535 6,438,920 017,015,100 432,592,253 silver through that port for the month of July, and we give them below, together with the figures for the preceding 2d qr. 24,344,183 2,311,649,750 1,718,449,654 13,347,908|1,277,467,300 888,610,414 months, thus completing the results for the seven months of 0 mos.. 52,072,380 5.082,225,575 3,805.347.409 24,550,097 2,353,100,990 1,594,(.03,045 the calendar year 189S. The imports of gold have been quite July.... 4,791,787 401,349,550 309,601,010 0,896,074 053,123,800 458,958,385 large, the amount received reaching $3,039,735, of which August 12.105,133 931.778.314 11 4*5.248'1,085,90 i.050 650,315,855 $1,903,628 was in coin. Of silver there came in $83,215, of ■ The following1,’8L130,2OO which $70,730 was bullion. There has been received during since January 1,compilation covers the clearings by months the seven months a total of $16,202,746 gold and $881,394 MONTHLY CLEARINGS. silver, which compares with $517,544 gold and $1,200,470 sil ver in 1897. The shipments of gold daring J aly were $;68,470 Month. Clearings, lotal All. Clearings Outside York. coin and the exports of silver have been $612,980 coin and 1897. 1898. 1897. 1898. P.Ot. $166,000 bullion. For the seven months the exports of gold have been $384,483, against $287,096 in 1897, and $8,813,200 * * * * silver has been sent out, against $5,053,223 in 1897. The ex January. .. 0,O12,O91,40r- 4,499.443,006 +33*e 2,321,803,73P 1,910,100,731 +21*5 hibit for July and the seven months is as follows : February 5,552,352,491 3.684,529,935 +50*7 2,030,094,78 1,039,399,756 +24*2 N ew P .C t. March..... IMPORTS OP UOLD AMD SILVER AT SAN FRANCISCO. GOLD. MONTHS. 1898. January... February.. M arch...... A p ril........ M a y ......... J a n e ........ J u l y ........ Coin. B ullion SILVER. Total. (Join. 885.905 35,5821 921.467 II 2,221,660 391,757 2,613, 417 1,512.0551137,914 1.649,999 2,648,886 418,253 3.067,139 2,949,(52 76.4523,075,504 2,437,761 447,724 2,885,485 1,903,628 136,107,2.039,735 • 44,228 13,365 32.680 20,435 6.183 7,362 12,485 B ullion. • 9 | 58,986 122,98C 157.85C 129.59S 105,746 98,769 1 70,730 ] Total. $ 103,211 136,345 190,530 150,034 111,929 106,130 83,215 Tot. 7 moe 14558947 1,043,799'16202746 1 136,733 744,661 1 891.394 EXPORTS OF GOLD AND SILVER FROM SAN FR 4.NCISOO. GOLD. MONTHS. Coin. 1893. January .. February.. M a rc h ..... M >ril........ M a y ......... J u n e ........ J uly......... $ 13.630 78.865 3,656 10,995 81,16/ 27,205 163,470 Tot, 7 mos 383,993 B ull’n % 500 500 SILVER. Total. 14,130 78.865 8.606 10,995 81,162 27,205 163,470 3 9 4 .4 9 3 Coin. $ 254,7 IP 68 916 24.504 15,848 121,880 165,916 612,980 Bullion. * 334,600 381.000 343,1001 294,3441 529,334 166.000 5,040,749,765 4,211,070,471 +34 0 2,222,030,352 1,82.1,958,927 +21*9 1st qaar.. 17,205.093,749 12,395,048,472 +338 0,580,533,872 5,373,459,417 +22*5 Total. $ 589,318 449.946 367,604 310,192 651.214 165.946 778,960 1.2«4.82!> 2.010 q - 8 1 o.3io.200 C leiriii's by Telegraph.—Sales of Stocks, Bonds, &c.— Transactions of the Stock Exchange Clearing House. The subjoined table, covering clearings for the current week, usually appears oa the first page of the C hronicle , but on account of the length of the other tables is crowded oat once a month. Tne figures ars received by te'egraph from the leading cities. It will be observed that as compared with the corresponding week of 1897 there is an increase in the aggregate of 8'1 per cent. So far as the indivi lual cities are concerned, New York exhibits an increase of 14*1 percent, and the gains at other points are : Boston 4'4 per cent, and New Orleans 1-1 per cent. Philadelphia records a loss of 2'1 April........ May.......... June......... 4.972,3^0,528 4.100.125,495 +21*1 3,103,431,592 1,850,358,730 +13*3 5,330,410,921 4,107,891,572 +28 4 2,191,005,203 1,852,734,206 +15*9 5,499,385,195 4,472,286.552 +23*0 2,233,533,405 1,900,739,814 +17*5 2d quar... 15,80-,103,014 12,746,303,0H f-24 0 0,527,970,170 5,009,832,816 +10*4 0 months. 33,013,262,393 25,141,352,091 +31*3 13.103,504.042 10,»93,292,203 +19*3 July ....... August. ... 5,010.770,419 4,608,837,90S +4*3 2,039,741,231 1,974,919,072 +3 3 5.592.310.651- 4.838,345.830 +15*(! 2,030.517,170 1,901,489,920 +9*4 The course of bank clearings at leading cities of the coun try for the month of August and since January 1 in each of the last four years is shown in the subjoined statement. BANK CLKARINOB AT LEAOINQ CITIES (000,000* ,------------- -August--------------, .------ Jan. 1 to Aug. 1898. 1897. 1896. 1895. 1898. 1897. 3 1 . ------ . 1896. 1895. New Y ork ... 3,512 2,937 1 971 2.317 26,394 :19,929 :18.851 19,032 303 38 L 3,464 3.257 2.927 3.089 392 Boston........ 415 366 3,*27 2,773 2,966 3,005 319 Chicago....... 416 39 L 2 25 27 3 2,392 2,019 2,112 2,262 259 297 Pailadelphia 764 817 109 93 929 867 St. L o u is. . .. H8 107 61 514 480 534 67 55 018 Pittsburg.. . PO 55 457 600 504 478 50 71 Baltimore... G7 441 441 521 456 54 70 57 65 Ban Fran’oo. 436 396 43 L 407 41 49 46 50 Cincinnati... 336 3 24 3 42 45 369 Kaosaw City 45 37 47 284 249 *295 2 so 29 23 24 New Orleans 24 210 210 23 L 20 Louisville... 24 27 190 26 197 210 223 262 24 26 SO Minneapolis. 30 188 204 203 27 251 23 35 26 Cleveland... 211 203 229 392 32 27 29 33 177 168 174 169 22 19 17 20 157 154 171 151 19 16 19 20 118 143 196 147 15 16 19 26 14 L 146 13L 133 18 17 17 17 118 120 135 13 12 14 Columbus... 15 137 149 106 . 127 17 16 15 16 83 84 83 8 8 8 Hartford___ 9 84 91 83 97 11 8 10 Denver........ 12 31,958 32,459 3,957 41,645 : 33,147 : T o tal........ 5,360 4,613 3,381 182 1,977 1,641 1,717 1,598 182 205 232 Other oities.. 5 592 Outside N.Y . 2,080 4.838 1,903 3,563 4.139 <43.622 34 7 -8 33.675 .34 05 1,893 4 ^ 2 * 17,228 14,659 14,824 15,0 THE CHRONICLE. [V ol , LXVII, ^XonctanjstfomwcvciaVguoUsfrlJcxus satisfactory and peaceful settlement of the contemplated ar rangements between Austria and Hungary will be brought [From our own oorrenpondent.] about. In the Transvaal everything is quiet. In the Cape London, Saturday, Aug. 20,1898. Colony the elections are being followed with great interest, The acceptance of the preliminaries of peace by Spain has hat nobody can yet foresee what the result will be. So far natnraUy been followed by a 'great rise in American securi the supporters of Mr. Rhodes have been victorious; but ties. But the general public is not buying very much and whether that means general or only very parti al success we probably will not invest upon a considerable seal e until po cannot yet say here. litical apprehension dies away. We are now in the very in the meanwhile the mining companies in the Transvaal slackest time of the whole year. The heat for this country continue to increase the output month by month. It looks is very great and everybody who can get out of the city has now as if the total production will exceed this year 12 mil either gone or is going. lions sterling. The fact is eagerly seized hold of by the Boer Besides that the uneasiness respecting China continues. Government to prove that no concessions are required by the Nobody who is competent enough to form a good opinion mining industry. But it is to be recollected that the number believes that there is any serious danger of a war between of mining companies which are able to pay good dividends this country and Russia. In the first place we have no wish is very small: that there is an immense number of com to burden ourselves with the Government of China. And panies which are unable to work at a profit, and that one of we all fear that if war were to break out the Chinese Gov their great difficulties is the high taxation, the extravagant ernment would collapse and that the Powers, or some of cost of living and the difficulty of obtaining labor, and all them, would have to take the Government of China into these are the result to a very great extent of the policy of their own hands. Lord S disbury and his colleagues have Government. therefore been all along opposed to any policy on the part of The money market continues wonderfully easy. The sup the Continental Powers that might destroy the dynasty, and ply is large and rates continue low in spite of all the banks the Continental Powers themselves must see that it is for the and the discount houses can do. How long this condition of present at all events desirable to keep China together. On things will continue depends chiefly upon the course of the the part of Russia it is perfectly evident that she is not pre New York money market. If the demand for moving the pared for war. Just now she could not convey troops enough crops becomes very great while trade is so good and the to the Chinese frontier. While the Crimean War was going Government absorption so large, it is possible that a very on the moving of reenforcements from the interior of Russia considerable shipment of gold may take place. In that case to Sebastapol caused greater mortality in the Russian Army rates will rise very sharply here. But if much gold is not by far than the bullets of the British and the French and ex shipped to New York it does not seem probable that there posure to the climate in the trenches and on the field. But will be very much pressure in the market. if that was the result of marches in Russia itself what would Germany, of course, will take some gold, and the usual re be the consequence of attempting to move a very large Rus quirements for the interior, for Egypt, South America and sian force to the Pacific ? And even when the Siberian Rail other colonies, that always occur in the autumn, will make way is completed the difficulty of conveying a large army and themselves felt. But as far as can be seen at present there keeping it reenforced and fully supplied with provisions and will be no great demand for gold such as would disturb the munitions of war will be so great that unless the Russian London money market unless the shipments to New York large. Government is mad it will not provoke war with a first-class become The general expectation here is that the shipments will be Power. large and that either in September or October there will be a Nobody then seriously believes that war is likely, but the very sharp rise in rates here. Russian Government is undoubtedly trying to consolidate its Iu India, as usual in the rainy season, business is exceed slack and the money market consequently is quiet. The power in Manchuria, and the corruption of the Chinese offi ingly Government has taken advantage of this to bring out the cers as well as the fears and weakness of the Emperor may rupee loan that was announced in the Budget last March. possibly encourage them to go from one step to another, The amount is smaller than was expected—only 120 lacs— which will keep alive the apprehension that in the end war and this week the minimum price has been fixed at 94J£. The general expectation is that the demand for the loan will between this country and Russia will be unavoidable. At be active, especially as the total amount is so small, all events the policy pursued by Russia is causing so much andpretty that-it will goat a considerable premium, say 1% to 2 uneasiness that nobody cares to engage in new enterprises. above the minimum. Then the expedition to Khartoum is just about to start, Meanwhile the India Council continues to sell its draftswell. It offered for tender Wednesday 25 lacs and although we all hope for a speedy and successful term wonderfnllv the applications were for five times that amount. The ination, yet nobody can shut his eyes to the mortality and Council, however, has disposed of its drafts so well since likely to result at this season of the year in such a climate; the beginning of April that it is now holding out for a higher and of course there are always possibilities of mistakes in price. Accordingly it refused to sell below is. 3 29-32d. per at which price it disposed of about 17 lacs. It could war. The Soudan expedition, however, counts for very lit rupee, have sold the balance at a considerable amount more at tle so far as markets are concerned. The real cause of this Is. 3%d., but refused. stagnation is to be found in the state of China and the atti The following return shows the position of the Bank of England, the Bank rate of discount, the price of consols* tude of the three Continental Powers. In other respects the political position has undoubtedly &o., compared with the last1898three years: 1807, 1800.19. Auo.180B.SI. improved. The French Government is pursuing a moderate AUV. 17. Awg. 18. policy in China, while in Africa, by the settlement of the £ % C i r c u l a t i o n . ( . ...... 28,019,030 27,803,401 87,335,<-85 20.457,03 0West African dispute, it has given assurance that it recog Public 7, 757,011 7,436.202 7,113.631 deposits...................... 7,8 2,908 ® tb or d e p o sits.........- ...................... 42,440 103 88 .807.2S-8 55.104.04W 44,784,131 nizes the danger of pushing too far its opposition to British Government 14.960,005 14,796,426 securities........... 13^58,013 18,2 0 ,0-0 Other securities..... ............... 80,'<74,200 20,4 80,036 28.738.053 24.341.032 interests. Reserve of notes and coin,..,.. 23,772,837 24 .005,808 30,939,868 80,704,711 A bullion, both departm’ts 84,084,867 86,058,7 f 8 47.474,051 40.421,741 Above all, the Spaniards have accepted with amazing Coin ?roP„ reserve to liabilities.p.ct. 47}* 55 7-16 t» 3-10 2 11358515-16 25-16 107 Bank ra t e ....... ........percent. »V6 20-10 apathy the result of the war. That they were utterly beaten Consols, M per cent.......... 1 112* Silver. .. ......................... 27*d. 24^d. »0M d, 3<?ad. is, of course, apparent even to the most ignorant Spaniard, Clearing House returns......... 101,808,000 171,729,000 US,$37,000 152,160,000and that the country was no longer in a position to continue The rates for money have been as follows : hostilities is also clear. But that the people should accept so V Interest meekly the incompetence of their rulers, their generals and £ their admirals, the utter want of preparation, the gross cor •if — ruption—all the signs, in short, of national decay, is surpris $ 3 4 •4 6 . 3 ing even to those who have been accustomed to look upon Ju ly 22 H 1 w 2« Spain as a dying State. Still, the apathy of the Spaniards “ 29 •'« m a t 9-in 1 m m ao 2* 1 1 2*s indicates that there will be no serious troubles in that coun An g. 6 1 7-l0@ l& 1 m@3< l try, and consequently makes it possible that some kind of “•• 213 1 7*16 lM1 & lO -lfl 2S4®2« *2 1 2* arrangement of the Spanish finances may be brought about Messrs. Pixley & Abell write as follows under date of which will prevent serious disturbance on the Paris Bours3. August 18: Furthermore the outlook in Italy—though it is disappoint Gold—Tlie aniaunts lately to rather hand have been 1ho but in thethe demand having fa.Bam lenmostly off,hasthere hastaken been aforslight ing enough—is not quite so dark as it was a little while ago. East, redaction prices Obtained. The received £181,000, And lastly, hopes are again beginning to be entertained that a during the week. Shipments: Bombay, £28,500; Colombo, £2,80c A uq. S & 2 a llo io e d f n r d e p o s it * b y O pen M a rk e t R a te s . London. Bank M o n th *. B ills . M o n th s D in ’t EC ss T ra d e s m s . M o n th s M o*. M as. B a n k s C a ll D a y s H H m IH m m m \ n m m n H THE CHRONICLE. S eptember 3, 1898.] T otal, £31,'-*96. Arrivals: N e w Zealand, £ 6 ,0 0 ); R iver Plate, £37,000: Australia, £261,000; India. £59 040; Gape. £406,000 ; W e>t Indies £34,000. Total, £807.000. For month o f J uly—Shipments : G erm any. £2.019.000; France, £ 43,000; Japan, £373,030; Holland, £8ft ',000 A rriv a ls: Germany, £10,0)0; France, £32,000; Portugal, £48,000; Japan, £284,000. Silver -Since our last the market has slightly risen and has remained steady at 2 7 ^ 1 on French inquiries for anticipated Spanish orders. The Bombay price to day is Rs. 70 *». Shipments : Bombay, £123.000; Calcutta, £25,0)0. Total. £ U 8,000. A r riv a ls : N ew York. £139,000; N e w Zealand. £5,000; West Indies, £L5.000. Total. $159,000. For month of July Shipments: Germany, £11.000; B l^ium, £•'8,000; France, £772,000; Russia, £29 LOGO. A rriv a ls : Germany, £45,OuO; Belgium , £328,0)0; France. £17,000. Mexican D ollars—Rather less has been done in these coin, but the price remains steady. Shipments to China, £ 9 1,30 . A rrivals from N e w York, £14,000. The quotations for bullion are reported as follows: A ug. A uff. j Aug. London Standard. 18 11. 18. s. d. s. d. Bar silver,fine...oz. 127Jn d. Bar gold, fine__ oz. 77 10% 7 71 0's Bar silver, contain’g ! Bar gold, parting.oz. 77 10%, 77 10% Standard. Gold. London Si l v e r . 463 ®tfmmercial and 21KtisceXlauco\te|Jcnis. N ational B anks . —The following information regarding national banks is from the Treasury Department. N A TIO N A L BANKS ORGANIZED. 5.132— Tlie Linooln County National Bank of Stanford, Kentucky; capital, *100,000; Samuel H. Slianks, President; John B. Owsley, Cashier. 5.133— The First N ational Bank of N ew Bloomfield, Pennsylvania; capital. $50,0 JO; W illiam C. Pomeroy, President; James T. Alter, Cashier. 5,13i—The N ational Union Bank of Rock H ill, South Carolina. C api tal, $120,000. W . L. Roddey, Pre sid e n t; R. Lee Kerr, Cashier. C O RPO R A TE EX ISTE N C E O F NA TION AL BA NK EX TE N D E D . 2.395— The Aug. 11 Bennington County N ational Bank of Bennington. V e r mont, until August 7, 1918. The Berkshire National Bank of North Adams, Massachusetts, 2.396— until A ugust 28, 1918. d. Government R evenue and E xpenditures .—Through the jourtesy of the Secretary of the Treasury, we are enabled to U . 8. gold ooln...oz. place before our readers to-day the details of Government G©rm’ii gold coin.oz. French gold ooin.oz. receipts and disbursements for the month of August. From Japanese yen....oz. previous returns we obtain the figures for previous months, The Bank rate of discount and open market rates at the and in that manner complete the statement for the eight chief Continental cities have been as follows: months of the calendar years 1898 and 1897. 76 5 76 76 5 76 76 6 76 76 5%! 76 6 5 5 0 's 275*8 do 5 grs. gold.oz. 2 8 'in 27% do 4 grs. goid.oz.j27i.ii8 27% do 3 grs. gold.oz.j27=8 27 h s Cake silver..........oz.[29=i 29716 Mexloan dollars.oz .26% 2033 Aug. 19. Aug. 12. Aug. 5. July 29. Bank Open Bank Open Bank Open Bank Open Bate Market Bate. Mark> t Bate. Market Rate. Marke 2 2 2 2 i« m 14 m 4 4 4 4 84 3M 3X 4 4 4 4 SX 8* 354 34 4 4 4 4 3)4 314 *54 SX 3 3 3 3 2M 2M 2X 3 3 3 3 2!4 2)4 2H 2)4 4 4 4 4 3H w 34 Bate$ of Interest at IMPORTS. K97-8. 1896-7. 1895-6. 1894-5. Importsofwheat.owt.62 ,938,410 62,537,750 66,498,210 75,529,946 Barley............................19,683,304 20.860,500 21,471,342 24,730,514 Oats................................14,671.490 17,621,980 13,899,580 15,035,117 Baas................................ 2,294,145 3,236,895 2.444,460 2,242.719 Beans............................ 2.300,880 2,700.530 3,064.482 4,203,26 2 Indian corn.......... ''..51,370.200 56.244.760 4l,78l'.590 25i517’,624 Blonr............................ 19 ,237,470 19,295,620 19,206,050 1M41.330 Supplies available fo r consumption (exclusive of stocks od September 1): 1897-8. 1896-7. 1895-6. 1894-5. Wheat Imported, owt.62.938.410 62,537,750 66.498,210 75,529,946 Imports of flour.........19,237,470 19,295,620 19,206.050 18,441,330 Bales of home-grown.23,270,753 24,425,136 14,804,665 20,521,665 Total....................105,446,633 106,258,506 100,508,925 114,492,941 1897-8. 1896-7. 1895-6. 1894-5. Aver, prioe wheat, w<«k. 33s. 8d. 29s. 8d. 22s. lid . 24s. 3d. Average prloo, seas on..36s. 4d. 28s. 8d. 24s. lid . 21s. 2d. The following shows ths quantities of wheat, flour and ■ aize afloat to the United Kingdom: Th.it week. Whsat..............qrs. 1,400.000 Floor,equal to qrs. 270,000 Maize.................qrs. 685,000 r,rut week. 1.635,000 220.010 695,000 1897. 790.000 230,000 710,000 1896 1.256.000 249,00 0 1.010.000 E :i;ll* li F in a n cia l M ark ets—P er Cable. to COM 00a e l l XX 0-7 CNto X -* —*to X to t— ••-* tOf— 00 X 0 -ACl —•H* h-rfb xo X O© *tox too to*. X to 0 to XX to “ x e. XX toes X to 00 ► -* “JX xb —X 0 XX ax XO1 53 3 2.3 2 3 53? <0 CO-COMft -iM O n V © cs 0 -.1 01 to C» » X CHCO fr. toX toX X OtCOCOM^ CO w»0 r. 10 m 0 xx^imcoco to tototoX Cl -1 'to ci os—-1 x -3x 0 to0 X X to CIO to A.X ~ -1 C» to-* 0“1 O X - >4- _ to toX 4AJa to — cc CO X to to~ X bxie-cuto*. -10 -3X — i*A5®Cl!0 — to to O XtOCl h- o x c i x *. X ^ -x o x x o o» Cl CDCl A X X — MU 0o» X<b. to0 X — CS0*30 -lb 0>-• X Cl X O X -3 O 7. O C -1 £ _ X X to X toOl -£ c* so cox bsci X tOCD-3*.1tOCO X X to*0 X X -.3 eg. o» x -a x to-3 x <—• to r 0 -1 ^3 rfa 0 Cl -3 2 ®®• x to -1 0to ton- toX Cl COCO-3 o ’-JO X -3X Cl XX tOCOX “3X Ol X >-k X toto ClCl X I-4 X x to-.3 to—b 01 C ---IX to ciie-xi—coot M — l*a CIO tOXCD CO 9-x wci tob — © xxxtoio CBX«riAO t-z -i- X to CC-.3 Cl X b b c ib o ^ j Cl O X X COCO0 to ~X 0 — ^ -3 — «COX X xbifcoi^ to o o e o to—■ to toxxx.e-.fa. 0 4+ V to "to X X CT X to X 9 X X fa. to o i b x b -ib a ci -1 —-1 x X X O fa fas— to XX XCl -3 b e ~ix — •-a -1X X X X X a 01 x -.3 x <0 -3 x -a x ® ri-.^jfabixx fa0 -3x x 0 -3CO«3X Cl fa :I fa tOO fa X —toCl 00^3 X to X X X X -*fatO fa b x CTtOX X X fa fa to fah-fa bcibi X toX 00 X to XX — * —1-. © fax Cl b fa ci^> 0X Ol C fa 0 too x 0 CO -3 X X Ol X fa X © © X Cl totofa —XCl XXX *J*IO —— ©® X 0X X «3CD BOO Cl O X -3 ^1 cc fax b X fa © to fa COX fa XXX — fa ©X o» © © X fa fa OlXfa Cl XO© • Deducted—from January, “Miscellaneous” 1898. ... deceived from Union Pacific Railroad purchase 1897-98 Deducted from March “ Miscellaneous” 1898................ Received from Kansas Pacific Ry. purchase 1898.......... Deducted from April “ Miscellaneous” 1898................ . Received from Kansas Pacific Ry. purchase, 1898........ . 0 X 0 0 Ol X 0Ck © X X -.3 fa '-1 X X to X X X fa X Jan. 9 The following shows the imports of cereal produce into the United Kingdom during the first fifty weeks of the season compared with previous seasons : 00X*-* 55 •IXa :3 ;? ■ss . 28,795 44 6 34 rg: : ® It- rj 14,209 12,443 * 2,083 54 5 4 ®to ®® 00X -I X ■3 «3 a : o.w a : : : 3 s S5. : : : : : B a 11,090 10,024 2,719 4(4 5 3)4 5)4 5 4 © 35■ >3 S3 r* 2 os 3 srj la O S ® g- 24,433 4K 5 8« 5« 6 4 m £.2.- O 8,000 4,947 3,230 1,040 12,375 0,139 4X 5 aa oa -a 30,097 6* 5 4 23 x3 30,271 Paris............. Berlin........... Hamburg . Frankfort ... Amsterdam.... Brussels........ Vienna ... St, Petersburg. Madrid ____ <k>penhagen RECEIPTS A N D DISBURSEMENTS (000 omitted.) 55 fafafa XXfa^* X©fa —— ©fax <— XtO-3 fa S-I ©X fa ©XCl^® s -3X Cl C XX ©X X % CW--X -3—© ©— fa fa X k bib ©<» g ——X -3X0 h-fa fax — fa X X X-Jfa^ © X© g* fa-3-3 $8,538,401 35 $3,051,500 $2,651,500 The daily olosiug quotations for securities, etc., at London To make the 1898 figures conform to the Government are reported by cable as follows for the week ending Sept, 2 : statement, the amounts mentioned in above foot-note should L , Sat. Mon. Tuet. Wed. TKurt. Fri. be added. We have deducted those items as the purchase money is not revenue, and if included would disturb the 27H, e 27% Oliver, per oun 38___ d. 27% 2711,6 27% 27% Oonsols., new, 2% p.ots. 1101%* 11013, 110 %„ 110% 1091016 10913I8 comparison with former and future years. 11013,0 11013,„ 110% F or accoun t.............. 110 1101, 10915T reasury C urrency H oldings .—The following compila F r’oh rentes (In Paris) fr. 103 70 103 70 10340 103-35 103-55 10347% Spanish 4s.................... 4 1 4 41 4138 41*4 41^ 41% tion, based on official Government statements indicates the 14% 14-4 Atch. Top. Sc Santa Fe 141-2 14% MBs 14% currency holdings of the Treasury on January 1 and Septem 37 Do do pref. 3848 37% 37% 384 37% 90% Canadian Pacific......... 88 »4 80 89% 88=8 88% ber 1 in 1898 and 1897. 22% Central Pacific............. 22% 18 18 20% 21% ondon Oh Chesapeake <fe io...... 25 Chic. fell. & 8 t. Paul.... H 7 % Denv. A Rio G r.t pref.. 57 Erie com m on............. 14% le t p referred............ 3034' Illinois Central__ 116% Lake Shore......... 200% Lonlsvllle & Nashville 68% 62% Mo Kan. & Tex., oom.. 12% N. Y. Cent’l Sc Hudson. 129% H. Y. Ontario Sc West’n 17 Norfolk & West’n, pref. 57 Northern Pacltto,com. % Preferred................. 41 80% Pennsylvania ............. 6138 Phlla.ScScRead., Read., perpref ah. 9% Phil. 23% Phil. Sc Read., 1st 2d pref 1101 % Bonth’n Rallwav.com. Preferred................... 37 Union Pacific........... 33% Do new pref.. 09 Wahash, preferrea ... 22% 25*4 116% 57»s 14% 40 116*42 200% 61% 68*4 12 % 123 17 56% 41 79 08 61*4 94 2388 11*9 10 384 35 69 22% 25% 116% 57% 15 40 % 115 200% 60% «8% 12% 122 17 56% 40% 78% 61% 97s 2314 11% 10 37*4 67 % 22% 3 4 25 116>4 57% 15 40 115% 200% 60%% 6ft 122 % 17 56=8 41% % 61% 9*8 22% % 37%% 69% 24 1 2 7 9 1 1 1 0 3 5 13 24% 116 57=8 14 ’ e 39% 115% 200% 59 7g 12% 121>a 16% 563a 42 80% 61'8 9% 2238 11% 10% 37% \ 68% 24% 3 1 24% l i e 's 57=8 1478 39% 115% 60's 1278 122 16% 56% 41% 81% 61% 9% 23% 11% 10% 37% 34% 69% 2378 TRE ASU RY NET HOLDINGS. Jan. Sept. Jan. Sept. 1, ’98. 1, ’98. 1, ’97. 1, ’97. f $ I « ^et gold coin and bullion....... 137,310.543 144,210,377 100,911.547 217,901,485 10,158,793 Net silver coin and bullion..... 18,927,739 23.197,584 13.507.913 4,339,020 2,904,344 Net U. 3. Treasury notes......... 35,045,059 29,624J03 Net legal-tender notes............ 34,983,258 24,973,702 40,885,089 54,005,435 4,415,724 5,180,rt86 4,517,847 Net national bank notes......... 14,278,970 Net fractional silver............... 14,216,700 15,335,285 10,079.899 10.993.449 Total cash in Sub-Treas’s net 255.367.335 240.007,743 234.135,078 301,815,512 Amount in national banks...... 10,159,153 16.001.579 49,182,717 05,903,407 Cash In banks & sub-treas.. 271.620,488 202.-2^,342 283.318,395 307,783.979 43,200,108 44,108,135 47,833,020 73,296,814 Deduct other liabilities, Holdings in Sub-Treasuries— *net. A n ||nl cash balance......... 228.320.380 218,501,207 235,174,709 294,187,085 ■ ■'Chiefly disbursing officers’ balances.” C hanges in L T e n d e r s a n d N a t i o n a l B a n k N o t e s to S eptember 1.—The Comptroller of the Currensv has furnished ns the following, showing the amounts of national bank notes e g al THE CHRONICLE. [V ol . LXVII. 461 August 1, together with the amounts outstanding September The imports of dry goods for one week later will be found our report of the dry goods trade. 1, and the increase or decrease during the month : also the inThe following is a statement of the exports (exclusive of changes in legal tenders held for the redemption of bank notes peoie) from the port of New York to foreign ports for the np to September 1.________________________________ _ week ending Aug. 29 and from January 1 to date: fiatw nal Hank .Votes— $226,696,870 Amount outstanding 1, 1808. $2,117,580 Amount Issued duringAug. Aug............. 181,715 1,885,535 Amount retired during Aug............. $227,178,615 Amount outstanding Soft. 1,1898*---Legal Tender Woles— Amount on deposit to redeem national bank $31,004,184 notes Aug. 1,1896................................. . Amount deposited during ... $1,000,685 601,273 1,061,958 Amt. reissued and bauk notesAu«.............. retired in Aug. Amount on deposit to redeem national bank notes Sopl. 1.1898........ ........... ....................... I $30,402,911 ’ Circulation of National Gold Banks, not included in above, $83,035. EXPORTS PROM SEW TURK FOR TitE WEEK. 1898. 1897. 1896. 1895. for tbe week.. $9,011,798 $7,078,527 $7,016,036 $5,499,542 Prey, reported 310,615,077 262.522,103 241,156,597 213,614,819 Total 34 weeks $319,626,875 $261,600,690 $248,773,236 $219.114 362 The following table shows the exports and imports of ipecia at the port of New York for the week ending Aug. 27 and since January 1, 1393, and for the corresponding periods n 1897 and 1890. BXPOBT8 AND IMPORTS OP SPECIE AT NSW YORK. According to the above the amount of legal tenders on de posit September 1 with the Treasurer of the United States to redeem national bank notes was §30,402,Oil. The portion of this deposit made ( I) by banks becoming insolvent, (2) by banks going into voluntary liquidation, and (3) by banks re ducing or retiring their circulation, was as follows on the first of each of the last five months. Exports. Week. Since Jan. 1. Sold. Ireat Britain......... $200 Pcanoe.................... 8,000 Lemma v ............ West Indies........... $541,553 5,168,921 Slexloo................... Sooth America. ... 2,900 103,757 .20,292 ill other ooan tries. Sept. 1. Deposits by— j May 1, June 1. July 1. Ang. 1. Total 1898........ $514,453 $5,301,170 Total 1897........ 3,170 20,632,077 $ $ $ $ ¥ Total 1896........ 50.933,942 1,137,622 1,197,903 1,290,678 1,252,838 Inaolv’nt bks. 1,314,600 Liqald’g bfc®.* 5,933,631 6,010,101 6,222,576 6,192,258 6,175,778 Exports. Red’c'g and. Silver. act of 1874. 24,593,173 24,150,131 23,263,196 23,614,024 23,089,511 Week. Since JUfl, Total.__ '31,691,404 31.456,910 30,738,610 31,004.185 30,402,911 Great Britain......... $1,153,212 $28,102,611 778.350 r’ranee.................... * Act of June 20, L874, and July 12.1882. 2,610 Jermany................ 396,815[ tndies............. 1,749 C oinage by U nited S tates M ints .—The following state West 14,159 Mexico................... ment, kindly furnished ns by the Director of the Mint, shows •oath America...... *3,916 187,028 7,055 the coinage at the mints of the United Statesduring the month A'l other countries Total 1898. $1,158,871 of Angnst and in the eight months of 1898. 943.715 $29,488,628 31,244,468 Total 1897. 34,757.2361 1,093.900 Total 1896. August. Eight- Months 1898. Denominations. Of the above imports for the week ValuePisces. Value. 1 Imports. Week. SinceJan.l. $35,409,022 $352,225 13,098,989 20,263,381 8,251 2,606,231 64,074 362.210 28,148 1,350 546,235 $389,°74 $72,350,172 782,372 3,940,292 2,351,928 21,411,435 Imports. Week. Since Jan. 1. 6,417 5t,307| 3,500 $64,224 109,872 21,543 $12,092 23,932 3,260 261,002 672,859 545,892 61,034 $1,580,071 1,903,433 1,989,639 in 1898 $7,828 were American gold coin and $282 American silver coin. Of the exports during the same time $0,087 were American gold $ 256.750 5,135,000 1,636,998 32,739,960 coin. 2,444,710, 1,074,594 10,745,910 211.470 352,900 1,764,500 1,487,359 7,436,795 Pieces. D rable eagle®.. E.glea.............. Hall eagle®__ Ttrree dollars.. 262 Quarter eagles. 105 Dollars........ . Total gold. 854,120 9,344,200 4,199,036 50,922,957 1,698,090 1.698.000 8.186.400 8.186,400 Dollars.............. 416.000 208,000 2,666,068 Hall dollars___ 4.752,992 1,333,034 unner dollars, 972.000 243.000 201.000 7.630.400 1,188,248 763,040 2 010,000 lin es........... Total silver. 5.096.000 2.350.000 23,235,860 11,470,722 1.937.000 Five cent nickel.. 96,850 8.867,289 443,364 6,693,625 One oent bronze 66,936 36,069,281 360,693 8,630,625 163,786 44,936,573 801,057 Total minor__ 14,580,345 11,857.986 72,371,489 63,197,736 Total coinage B onds H eld by N ational B anks .—The following interest g , ing statement furnished by the Comptroller of the Currency shows the amount of each class of bonds held against national bank circulation and to secure public moneys in national bank depositories on August 31: B readst u fl's F ig u re s B ro u g h t F ro m P a g e 4 9 4 .—The tatem ents below are prepared by us from th e figures c o l lected by th e N ew Y ork Produoe E xch an ge. The reoeip ts at W estern lake and river ports for th e w eek en d in g Aug. 27, and since Aug, 1, for each o f th e la st th ree years, h ave been as follow sReceipts at— Milwaukee -. Duluth ..— Cleveland... St. Louis — Peoria....... Kansas City. Tot.wk.’QS. Same wfe.’97. Same wk.’90. uq 1. 1808...... ... 1897..... . 1806........... U. 8. Bonds Held August 31, 1898, In Seeure- Since A . D ucripliun oj Bonds. Public Deposits Flour. Wheat. Com. Oats. Barley. Rvs. BbUAQ6 U>s Bush.dOU)S Bush.hQlbs Bush.22lbs BushASlbs Bu. 50 lbs. 60,120 51/00 221,340 817 355 4,808 26,060 7,400 8C8 677 214,450 660,432 1,693,220 675,379 20S.874 48,ICO 374,498 15,750 88C',000 3,020,400 153.400 30,032 89,640 197,811 23,589 174,431 550,945 886,560 85,000 3,101,288 447,000 6,004,389 5,800,402 4,705,572 4,009,4 4 7,899,490 2,395,348 .......... 240,891 08,890 0,51J 283,010 119,500 05,295 200,609 210,085 257.2H0 91,00) .... 35,400 47,619 22,395 12,000 2,100 2,400 4,778,044 6,310,402 4,131,220 328,008 508,103 302,214 223.371 415,709 161,495 3,183.808 15,155,946 15,390,659 14,763,440 678.818 818.512 374,030 316,391 329,31 b 1,024,710 21,144,572 25,331.934 23,432.384 1,197,061 1,408.235 Dank 980.209 1,165.104 16 478,547 10.300.225 14,719,3781 618,9? in Banks. Circulation. Total Held The reoeipts of flour and grain at the seaboard ports for th $3,106,000 $3,583,000 week ended Aug. 27, 1808, follow: $477,000 Currency 6s, Pao. RR..17,161,100 24,196,400 6.735.000 5 p. ets., 1894, due 1904 , Oats, Corn, Barley. .Rfcrs, 4 per eta., landed 1907.. 21,240,000 145.335,600 166,581,600 TlMCipts at— bush. hush. bush. 26,213,650 35,341,650 9.131.000 4 p. ci*., 1895, due 1925 244,725 1,950 148.179 1,100,750 1,048 875 926,300 311.054 76,071 381,909 9.350 357,909 B o s t o n . . • 1,609,300 22,005,750 23,615,050 Montreal.............. 2 per cts„ funded 1891 *. 574,036 818.854 700 6,373,760 14,035,760 Philadelphia ........ . 62.092 7.662.000 175.1? L 106.277 304.811 3 p. cts ,’98, dne 1908-18 05,757 843.704 628.818 *50,47? 119,393 82,601 4.991 34,900 9,990 2.250 T otal........................ $46,860,300 $220,496,160 $267,356,460 Richmond.. 162,026 218,025 46.051= 13,736 61,000 12,000 110,303 4,823 Charleston......... • Redeemable at option of the Uuitod States. 100.000 17,000 New port N o w s.... 17,112 357 800 N o rfolk ,................ I mports and E xports fob th e W ee k .— The following are Galveston....... 299.000 13,000 .. F lo u r b b ls . the imports at New York for the week ending for dry ..oods Ang. 25 and for the week ending for general merchandise Ang, 26 also totals si use the beginning of the first week In January. FORBIOK IMPORTS AT NEW YORK. 1897. 1896. 1895. For week. 1898. $1,041,337 $2,216,370 $2,958,301 Dry goods ....... *1,G99,959 Qen’I mer’dlse 4,913,644 5,917,327 5,404,674 6,445,811 T otal........ $6,013,603 6,961,684 $7,621,044 $9,401,112 Since Jan. 1. $94,005,373 $77,689,477 $98,263,064 Dry good®...... $62,442,000 Cton’T mer'dlee 221,343,303 252,418,917 225,536,177 243,608,149 Total 34 weeks $283,785,303 $346,424,290 $303,225,G54 $341,271,213 W h e a t, bush. hush. Total week...... *62.006 3,187,351 3,379.230 1,785,974 1,950 305.252 67,331 138,770 Week 1897............ 398,099 4,703,060 4,100.081 2,492.629 * Receipts do not Include grain pasaln jiL-rough New Orleans for foreign orts on through bills of lading Total receipts at ports from Jan. 1 to Aug. 27 compare as follows for four years: Receipts . of 1896. —* 1898. Flour ..................bblB. 12.330,250 1897. 17,0j6,219 5,316,536 Wheat....... .......hush , 70.006.659 139,280,818 64,104,330 3,062.142 9,635,755 43,214,547 122.681,185 61.473.353 35,411.469 65,100,9 i 5 43,887,790 4,919,603 2.157,129 C o rn ...................... Oats ..... ........ Barley................ Liye..................... 7,182.353 6,447,687 1896. 10,252,590 22,595,301 28.453,692 25,810,532 1,465.588 201,933 T o ta l g r a in ..,. “ 284.689,70 1 231,001,075 111,543,935 78,583.041 The exports from the several seaboard ports for the week ending Aug. 27,18 J8, are shown in the annexed statement: THE CHRONICLE S eptember 3, 1898.J ^Exports from New York..... Boston.......... Portland....... Philadelphia.. Baltimore..... New Orleans.. Norfolk........ Newp’rt News Montreal ..... Galveston — Charleston , 285,5i9 *92.180 184.000 153,920 SCO 283,061 12<',000 £0,000 7*9,868 150,962 000,402 224.611 17,142 169,000 374.012 12,000 Total week .2.146.987 2,500,592 iame time’97.3.906,919 2,745,619 Flour, bbls. Oats, bush. 06,591 114,077 50.521 43J.628 *4,893 Peas, bush. 85.021 8,873 99,970 50,000 24,701 320,879 ........ 39,617 '54*529 40,709 3.712 17,‘ 00 42,465 Rye, bush. 9,267 45,519 Bariev, bush. 13,562 465 Reports of Non-Member Banks.—The following is the statement of condition of the non-member banks for the week ending August 27, based on averages of the daily results We omit two ciphers (00) in all cases. & Leg 1. Deposit, yjith Net Capi Sur Loans & B’k Olear'g Other De tal. plus. Invest ments. Specie. Notes. Agent. Bks.Scc posits BANKS. (00s omitted.) N ew York Cit y . A 8 tor Place.......... Colonial............. Columbia............. Eleventh Ward... Fourteenth Street. ----------- > ------------------Franklin National. Gansevoort....... . 27. 1,1897. 1,1897. Hamilton........... . Hide A Death. Nat, 1,055,036 68,614,470 1,668,057 93.099,963 Home............... 1,082,246 58,002.064 ---------- 101,124,978 Hudson River.. 738.398 873,937 1,624 163,917 Morris.. 68,018 1,556,10L Mount 1,375 Mutual............ 2,700 24,500 502.814 Nineteenth Ward. 9,705 1,123,204 1,995 1,452,483 Plaza............... 2.500,592 128,617,810 2.500,592 197,900,258 Riverside......... 3,903,919 67,962.184 2,745,019 174,186,300 State................ Twelfth W ard...... Twenty-third W ’d. Union Square... Yorkville......... Astor Nat’l Bank.. 260,777 1,045,551 147,111 977,^91 108,272 277,523 54.766 20,784 13,562 94,087 The destination of these exports for the week and since September 1,1897, is as below. Wheat. ,-------- -Flour.---------, rCorn. Exports for Week Since Sept. Week Since Sept. Week Since Sept, week and since A uq. 27. 1,1897. Aug. Aug. 27. Sept. 1 to— bbls. bbls. bush. bush. bush. bush. United Kingdom 207.790 9,756,226 • iviuguo « 1,463,280 Continent......... 30,068 . S. C. America. tl£48 „ ^78,143 West Indies...... 27,0801,032,675 Br.N. Am. Colo’s 2.329 243,395 Other countries.. 7,050 348,703 & Total ............ 2t0,777 13,822,482 -Total 1897......... 147 111 12,014,990 HfThe visible supply of grain, comprising the stocks in granary at the principal points of accumulation at lake and seaboard ports, Ang. 27, 1898,Corn. was as follows: Barlet. Rye. Oats. Wheal. In store at— bush. New York............... 163.000 Do afloat.............. ....... Albany.................................. Buffalo.................... 303,uvO Do afloat...................... Chicago................... 333,000 Do afloat.. 15.000 Milwaukee....... Do afloat........ ....... Duluth.................... 664,000 Do afloat...................... I 314.000 Toledo Do afloat.. 96,000 Detroit............. Do afloat.. Oswego........................... . <3t. Louis.................. 250.000 Do afloat............. ........ Cincinnati............. Boston................ . 19.000 12.000 Toronto................ Montreal.............. 28.000 81.000 Philadelphia......... 2,000 Peoria.................. Indianapolis............ 459,000 Kansas City............. 360,000 Baltimore................ 608,000 Minneapolis .......... 1,298,000 On Mississippi River.............. •Da Lakes................. 845,000 *-Dn canal and river. .. 17,000 Total Aug.27,1898. 5.927,000 5.850.C00 Total Aug.2*. 1897.15,473.000 Total Aug.29, 1890.45,574,000 Total Aug.31, 1-95 35,440,000 Z Total Ang.20,1898. bush. 417.000 26,000 65,C00 715.000 bush. bush. 16.0C0 128,000 '50,000 221,000 10,000 bush. 5.000 95,000 5,607,000 458,000 iiV.ooo 2,000 10,000 1,252.000 25.000 ‘ bo.oob 37,00( 253,000 193.0CO *67.000 ’ 29,OC6 300,000 359.000 '*9,000 37,000 * 20,000 3,000 23.000 * 27,000 1,000 8.000 *28,000 416.000 156.000 109.000 09,000 509.000 617.000 542.000 50.000 107.000 8.388,066 2,088.000 1.351.000 I 6 T 30 .OOO 10.123.000 27.893.000 13.904.000 5.412,000 3.298.000 2.910.000 9.27->.000 6.735.000 3.411.000 10,000 3,000 6,000 10.000 21,000 79.000 30.000 177.000 26.000 15,000 75.000 89.000 0,000 432.000 401.000 1,816,000 1.699.000 445.000 297.000 245.000 1,046,0(0 740.000 99,0(0 B r o o k ly n . 250.0 355.5 2,372,8 100.0 00,7 697.0 300.0 183.9 1.727.0 100.0 117,2 1.104.7 100,0 50.8 681,9 200,0 358.6 6,0 200,0 643.2 31.5 200,0 81,2 1.260.1 500.0 157.0 2,080,2 100.0 83,7 424.2 200,0 189.7 1.133.0 250.0 91.6 1.285.0 900.8 200.0 111.1 100,0 25.0 606.8 100,0 108.9 912.0 100,0 102.5 680.6 100,0 73.6 1.464.0 200,0 146.0 1.208.7 100,0 48.7 698.3 200.0 296.1 1.933.7 100,0 123.1 1.001.1 4,2 1.542.7 300.0 . 150.1 13.5 110,0 $ 28,2 62.3 104.0 07.2 87.2 33,5 34.4 63.2 84.4 51,8 70.0 113,9 $ 213.6 155.0 2.500.0 100,8 748.5 108,0 202.0 1.950.0 397.2 1.514.0 184.0 872.5 122,8 447,7 30.4 81,9 464.0 85.0 1,283,9 131.8 1.564.2 105.1 39,2 599.0 97.0 1.048.0 133.2 170,8 1.071.7 159.4 1,8 894.0 105.0 9 783.5 290.6 1.123.3 72,7 655.6 61.0 120,0 1.054.0 114.8 109,4 1,401,2 55.1 104.3 921.0 141.8 2.178.1 125.9 123.3 1.290.8 173.4 1.838.6 50.4 131,7 39.1 24.7 18.9 29.5 28.5 274,4 88.6 55.6 224.0 337.0 59.4 30.2 109,3 21.6 30.5 14.0 18.8 12.3 30.1 85.1 85.0 1.138.1 210.3 1.523.8 192.1 52,4 1.289.8 41.0 10.0 247.3 41.9 19,0 455.1 166.4 757.7 88.9 551.3 433.5 2.522.9 143.2 2.303.0 155.9 48,9 935.0 053.0 85.0 4.193.0 324.0 79.0 2.687.0 107.3 000,0 1.294.7 60.4 41.1 833.0 438.4 242,5 2.305.8 100,3 503.8 100,2 375.2 440.0 14.0 1.140.0 82.0 4,0 389.3 27.4 40.0 242.8 90,0 195,2 655.0 55.0 17.1 68.2 27.0 49,9 206,9 97.3 31.0 72.7 22.8 102.6 16.1 93.7 43.5 72.7 9,3 34.8 57.0 29.0 16.1 52.7 22,2 77.5 102.2 190.0 132,5 51.8 269.0 320.0 Bedford............ Broadway........ Brooklyn......... Eighth W ard....... Fifth Avenne....... Fulton............. Kings County... Manufact’rs’ Nat’l Mechanics............ Mech’s’ A Tradr’s’ Nassau National.. National City....... North Side........... People’s............... Queens Co. (L.I.G.) Sohermerhorn.. Seventeenth Ward Sprague National.. Twenty-sixth W ’d. Union........... Wallabont........ . 150.0 107.2 1 020.8 100.0 112,0 1,312,9 300.0 157.0 1,237,1 100.0 33.4 288,5 100,0 50.9 503.1 200,0 171.7 822,0 150.0 59.1 576.7 252.0 414.4 2.035.8 500.0 387.5 2.502.0 100.0 191.0 822.8 300.0 550.7 3.794.0 300.0 546.7 2.194.0 100.0 109.8 042.3 100,0 108.5 777.1 100,0 123.5 1.644.9 59.9 100,0 504.3 100,0 71.2 402,9 200,0 205,4 1,000,4 100,0 50.0 362.3 100,0 43.1 3C0.0 29.5 457,8 100,0 1st Nat., Jer. City. Hud. Co. Nat. J. u. 2d Nat., Jer. City.. 3d Nat., Jer. City.. 1st Nat., Hoboken. 2d Nat.. Hoboken. Bank of Staten Isl. 1st Nat.,Staten Isl. 400.0 705.1 4.371.0 189,4 205.9 454,9 913,1 0,017,7 250.0 520.0 1.911.1 92.4 67,6 132.0 128,5 1.035.4 250.0 376.2 1,435,8 52.0 407.1 50.3 1,387,9 200.0 185,5 810,2 25,1 62,8 143.1 133,3 912.7 110,0 414.3 1,677,7 110,2 33,8 102.9 108,1 1.421.5 125.0 81,3 023,2 40,8 60,2 221,0 37.5 799.7 25,0 44,1 399,1 23.4 38,2 118.9 1,0 528.7 100.0 70,7 503,0 28,3 27.5 90,4 657,2 Ot h e r Cit ie s . 34.8 20.5 78.9 13.7 20.5 59.5 38.9 224.8 94.9 63.7 245.0 218.0 9.0 42.8 95,0 23.4 7.0 102.8 8,7 0,2 12,3 0,012,0 8,433.5 59,686,- 3,703^ 3,997,4 8,633,2 4,190,9 6 7 , 12 9 , Q,0/2,0 59,5345 lfi74,4 3,9975 9,175,* 4,221,4 6 7 ,346 . 0,012,0 88,4385 ,438 , 5156^ 0 1 . 1,78oj 4,12 4 ,cA Q.353,5 3,917,7 67,200 7 Totals Aug. 27.. Totals Autf. 20.. ’ Totals Aug. 13.. York City, Boston and Philadelphia Banks.—Below New York City Clearing House Banks.—Statement of weNew furnish a summary of the weekly returns of the Clearingcon iition for the week ending August 27, based on averages House Banks of New York City, Boston and Philadelphia. of daily results. We omit two ciphers (00) in all cases. The New York figures do not include results for the nonOapital Surpl'a\ Loans. >Specie. Legalt. Deposits. member banks. Bask s. , , , , , , , , , $940,0 $14,380*0 1.445.0 19.503.0 1.077.1 17,000,4 748.0 10.019.0 1.840.1 23,454,4 313.0 4.110.0 2,028,6 99.224.0 2.876.0 237,3 2,839,0 26.190.0 5.391.0 321.1 5.894.4 049.0 1.193.2 51.1 2 , 000,0 202.0 835.2 210.2 3.930.5 250.5 114,1 2 . 222.2 157.6 3.263.0 2,969,0 21,256,0 3,301,3, 23.000,3 148,31 0.758,1 901.0 11.495,1 462.8 3,004,4 502,21 18,970,5 847.01 0,157,0 408,7i 2,041,5 704,0! 12,879,3 1,059.8 43,134,3 408.8 3,909,0 2.731.7 122,5 3.137.9 383.4 0,544,8 593.5 3.502.9 875.4 781.0 11,300,4 6.715.7 405.8 330.0 i 1,880,0 880,0' 25,280,0 ------- 48,040,0 1.289.4 20.201.3 15.074.0 0,720,0 3,591,1 30.818.3 1.223.9 3.415.0 3.020.8 2,822,3 41.055.3 9.170.9 2.952.0 4.419.5 7.691.9 0,252,7 2.300.7 5.969.0 2.413.0 10.250.0 1.560.0 35.512,7 0,008,0 13.350.4 6.100.8 4.087.5 3.309.6 Total................... 59.022.7 75.292.3 872,091,8 1559687 55,433,2 700,234,4 Oapital A BANKS. Surplus. MMMH £•**>*. Wcc*w«« ; OiCNWOI coo© 1 /Sank of N ew York.. $ 2 , 000,0 $1,841,7 $14,160..0 $2,950,0 Manhattan Co......... 2.050.0 2.215.2 15,017,',0 0,111,0 Merchants’ ............ 2 , 000,0 1.037.7 14.248, 3.271.2 2 000,0 1.959.8 10,362, Mechanics’ .......— 2.138.0 4.574.4 America................ 1.500.0 2.563.2 19,947, 797.0 4,152. Phenlx................... 1 , 000,0 226.3 1 000,0 4.119.4 78,008,,6 23,500.5 City...................... 470.3 130,7 750.0 Tradesmen’s .......... 3,140, 5.973.0 300.0 7.001.4 24,721, Chemical................ Merchants’ Exch’ge 4,829 176.1 600.0 998.0 1,181,6 7.245, Gallatin.................. 1 000,0 1.702.1 120.2 1,015, 300.0 Batchers’* Dror’rs’ 301.7 Mechanics’* Trad’s’ 198.0 2,010 170.0 400.0 874, 171.6 200.0 Greenwich.............. 101.3 475.9 Leather Manufacrs 855,6 600,0 3,947, 1,785 109.3 Beventh................. 511.0 300.0 {State of New York.. 1 .200.0 4,085 505.1 497.0 3.256.0 25,732 0 American Exchange 5.000. 2.527.3 1.988.2 30.081 3.464.7 0 Commerce.............. 5.000. 1.070.1 0,927, 1.609.2 Broadway............... 1.000 .0 2.251.0 988.0 10,137, Mercantile............. 1 ,000,0 738.9 Pacific................... 2,310 475.1 422,7 Republic................ 1.500.0 4.262.5 868.7 10,757 857.2 Chatham................ 978.5 0,031 450.0 288.3 1,884 252.5 People’s ............... 200.0 North America....... 2.448.5 569.3 10,941 700.0 Hanover....... ........ 1 000,0 2.238.7 34,890 8,292,8 Irving.................... 700.2 3,478 500.0 357.1 2,576 531.2 Citizens’ ................ 376.3 600.0 Nassau.................. 371.5 2,038 267.9 500.0 Market * Fulton... 5,911 957.2 1.383.7 900.0 101.2 Shoe * Leather...... 1 000,0 400.0 3,230 Corn Exchange...... 1 000,0 1.330.8 10.005. 2.097.7 5,028, Continental......... 1.237.0 600,0 1 000,0 178.0 1,884, Oriental............. . 397.4 300.0 Importers’* Trad’rs 1.500.0 5.561.5 24,033 0,448.0 P a rk ..................... 2 , 000,0 3.204.8 30,515 13,024,0 Bast River............ . 252.0 1,299 147.7 250.0 Fourth................... 3.200.0 2,016,1 24,057 3.837.0 3.305.0 Central................. 495.8 10,902, 1 000,0 1.294.0 Second................ . 5,891, 711.0 300.0 702.2 Ninth................... * 750,0 3,210 281.1 7.261.5 First.................... 500.0 7.564.4 29,840, 241.0 1,315, N . Y. Nat’l Exch’ge 67,1 300.0 509.0 2,802, 611,2 Bowery................... 250.0 010.6 New York County.. 3,225, 443.6 200.0 German American.. 455.9 2,900 298, 750.0 Chase............ 7.797.0 1 000,0 1,116,0 31.730. 7,908. Fifth Avenue. 1.501.3 100.0 1.162.5 108.9 2,129 German Exchange.. 570.8 200,0 Germania.............. 654.0 3,301 748.3 200,0 Llnooln....... .......... 1.591.2 0,633 711.9 300.0 Garfield........ 1.410.3 848.4 5,110, 200.0 Fifth...................... 475.8 323,1 1,851, 200,0 4.777 Rank of theMetrop. 1.499.8 850.5 300.0 3.147 West Bide...... 352.0 200.0 346.4 8,382 Beaboard....... 1.130.0 348.0 500.0 Sixth............ 1,793. 288.0 348.3 200.0 Western............... 8.439.2 721.7 30,000, 2.100.0 1.505.0 4.367 First Nat. B’klyn... 937.7 300,“ Nat. Union Bank 2.837.2 938.0 12.470 1,200, Liberty.................. 4,156 1.005.0 329.6 500, 4.201 W. Y. Prod. Exoh’ge. 1,000, 1.090.3 353.5 3,034 Bk-of N . Amsterdam 030,0 298.4 250, Loans. Specie. Ltoale. Deposits.! Oirc’Vn. Clearing $ $ $ 9 $ 757,051,6 14,2*3,8 741,158,3 049.499.8 1889880 659,411,2 1002244 000,743,4 1045732 072.091.8 1559087 08.587.3 182.038.0 15.155.0 08.587.3 182.473.0 14 890,0 68.587.3 184.471.0 15.540.0 35.388.0 117.414.0 35.388.0 118.361.0 35.388.0 118.477.0 00,167,9 57.076.1 700,754,0 14,231,1 778,612,7 55,519,5 765,013,8 14,202,0 843,316,5 55.433.2 700,234,4 14,123,3 702,047,0 5.315.0 191.792.0 5.041.0 193.804.0 4.943.0 193.720.0 0 ,0 1 1 ,0 95.493.8 6,019,0 95.440.8 0,119,0 95,009,5 132.118.0 5.879.0 134.028.0 5.891.0 132.257.0 5.894.0 40.715.0 41.287.0 40.250.0 67,387,0 09,8 94,4 63,5*2,0 Anction Sales.—Among other securities the following, not Iegniarly dealt in at the Board, were recently sold at auction. By Messrs. R. Y. Harnett <Sr Co: Shares. 10 Standard Nat. Bank..........................................................................100 By Messrs. Adrian H. Muller & Son : Shares. 1 Cataract General tric Co.N.of N.Prod. Y., Elec $10. $9 1 Memb. Y. Ex.. $130 2,589 Pooantico Wat. Works Co............................. $55 lot 1 Market Bonds. & Fulton Bk...226 $3,500 Lake Cities Elec.Ind., Ry. Co., Michigan City, 1st 30-year 6s...................... 1 Bonds. $5,000 St. L. Peo. & Nor. RR. 1st 5s,Sinnemahoning 1936, MAN........89 $2,000 Iron& int. & Coal Co., Pa.,1st 5s, 1940, Sept.,St.1892, coupons $2,000 L.6sCliio. &1927— St.on..$10 Paul 5lot Ry. Co. 2d ino., $80,000 Pocantico Wat. W'ks Co. 1st 6s,on.......................... 1907, Jan., 1896, 5 coupons g a iih ittfl n m l ffim w c ta L Spcencer Trask & Co., BANKERS, »T Sc %9 P IN E S T R E E T , 65 Suite Street, Albany. N EW Y O R K . INVESTMENT SECURITIES. Gsokos B arclay Moffat . Albxander M. Whits , J r Mo ffa t & W bankers, N o .I NASSAU ST R E E T , hite, NEW Y O R K . INVESTMENT SECURITIES 463 THE CHRONICLE. D I V I D E N D S . N am e o f Com pany. R a ilro a d * (S te a m .l Atlanta A Charlotte A ir L in e ... Books closed. Per When Cent. Payable. ( Days inclusive.j Immm to ", 3 (Sept 6 Kept Sept. Oct. Oct.. |Sept. |Sept. Sept. Sept. Cot. Dot Scipt. $10 Sept. Chicago Telephone (monthly).... 1 Sept. Consolidated 6 as (N. Y (qu&r,). 2 Sept. 1% Oct. Little Miami,A Hud soar. Riv. «gaar.)— .. N. Y. Cent. N. Y. & Harlem, com. & tquar.)wref.... Portion A Rum ford Falls, (qr.) We-at Jersey A Seashore... S tre e t R a i l w a y s . Chicago City Ry. (qu»r.)„ North Sh re Tract, (Boston) pf... Troy City By, (quur.)........ illin rella n flo a i. 1*4 1 2 1 3 2is 3 a 4 1 W A L L STR EE T. F R ID A Y . SEP 15 Sept. 1 to Sept. 15 Sept. 1 to Sept. 9 15 Sept. 16 to Oct. 5 1 Sept. 16 to Oor. 5 15 --------- to ------- ----1 Aug. 21 to Sept. 1 15 --------- to -----------30 Sept. 17 to Sept. 20 1 Sept. 14 to Oct,. 18 1 Sept, 21 to Sept. 30 1 Aug. 26 to Sept. 1 30 --------- t o -------6 Sept. 1 to Sept 6 1 to sept. 15 15 sept. 13 ----------t o -----------10 V. 2. 1 S 9 S . - 5 P. The Money Market and Financial Situation.—Business in Wall Street has been more limited in volume this week than for several weeks past. Saturday’s bank statement was in terpreted to foreshadow a firmer, if not a stringent, money market, and this had a tendency to restrict aggressive opera tions during the early part of the week. It is apparent, moreover, that the outside demaud for securities has been bo far satisfied as to make it much less urgent than it has re cently been. On the other hand, it is reported that repre sentatives of large financial interests have been steadily bu t ing securities at the lower quotations, which resulted from the conditions mentioned above, and as a consequence the markets are firmer as the week draws to a close. No change of importance has occurred in the general situa tion. There continues to be almost no difference of opiniou as to prospects for the future, and investors with capital are freely takwg desirable offerings. It is reported that the for eign demand has also increased and that considerable pur chases of American securities by London have been made for Continental account. The tendency of exchange has been downward this week, and unless a change in the conditions governing the foreign exchange market occurs gold imports must increase iu the near future. In view of the probability of a considerable influx of gold and a falling off in the de mand for currency from the interior, there is a good supply of funds in the money market, and rates, especially for time loans, are still relatively low. The open market rates for call loans on the Stock Exchange during the week on stock and bond collaterals have ranged from \% to 3 per cent. To-day’s rates on call were 2J^ to 3 per cent. Prime commercial paper quoted at 4 to o per sent. The Bank of England weeidy statement on Thursday showed a decrease in bullion of .£62,124, and the percentage of reserve to liabilities was 48-80, same as last week; the discount rate remains unchanged at 2Jj> per cent. The Bank or France shows a decrease of 3,350,000 francs in gold and 560,000 francs in silver. The New York City Clearing-House banks in their state ment of Ang. 27 show-ed a decrease in the reserve held of 88 090,800 and a surplus ever the required reserve of $21,848,300, against $28,839,250 the previous week. 1898. JTHfferen’tfP m 1897. Aug. 27. 1 Jrrev. tceek. Aug. 28. . 1896. Aug. 29 [ V j J . 12 V II. The following were the rates of domestic exchange on New York at the under-mentioned cities to-day: Savannah^ buying 4 discount, selling par; Charleston buying 1-16 dis count, selling 1-16 premium; New Orleans, bank, $1 00 pre mium, commercial, par; Chicago, 50e. per $1,000 discount;. St. Louis, par. United States Bonds.—Sales of Government bonds at the Board include $637,000 3s (when issued), at 1044 to 1054, $2,000 4s coup., 1925, at 1264 to 127, $2,000 4s coup., 1907, at 111 and $5,((00 5s coup., at 112)4The following are the daily closing quotations ; for yearly range see seventh page following. Interest Avff. Aug. Sept. Sept. Periods. xSt: Aag. 29 30. 31. 1. 2. 28,..,.................. re#. Q. -Meh. * 98 * 98 * 98 * 98 * 98 * 08 i 3s, 1918,10-20s.op. Q.-Feb. 1055s 105 105 1O470 104% 105 4s, 1907............reg. Q.-Jan. *111 111 "111 m i *x09% no9% 48,1907.......... coup. Q. - J an. *111% •lllig 111 *111%! MU% *iii-% 48,1925 ______re#. Q. - Feb. '127 *127 *127 *“127 *126% *126% 4s, 1925.......... oouii. Q.-Feb_ *127 126% 127 *127 *126% '126% 5s, 1904 . . . . . . ..re#. Q.-Feb. *112 ■112 m 2 %• 111 % 5 m, 1904........ .coup. Q.-Feb. *112 112 *112 *112 *• 111 111 % 112% 6s, our’cy,'99-. .reg. .1. & J. *101 *10214 *102% *102% *10214 *102 % '102% *101 *101 *101 *101 ”101 4s, (Cher.) 1899,reg.l March. • 1 1 2 sale, 'T h is is the nrloe hid at the m oraine b o a rd : no w as m ade ( D alings are in bonds "w h en issued” and represent transactions In the Unlisted Departm ent o f the Exchange. State & Railroad Bonds.—Sales of State bonds at the Board are limited to $427,0U0 Virginia Gs deferred trust, re ceipts, stamped, at 84 to 9)4, and $ 0,000 District of Colum bia 3-6os at 117. The market for railway bonds has been less active this week, the average transactions per day being about $1,000,000 less than for the two weeks previous. In sympathy with the stock market there has been a tendency to weakness,. but actual decline is limited to a few issues and is about offset by advance in others. Colorado Midland 1st and 2d 4s were conspicuous for activity and an advance of 8 and over 5 points, respectively. Wabash 2ds and debenture series B, Kansas City Pittsburg & Gulf and Standard Rope & Twine issues advanced from 1 to 2 points. Northern Pacific and Union Pacific bonds were notably strong, The active list in cludes, in addition to the above, Atchison, Chesapeake &Ohio, Central Georgia, Erie, New York Central & Hudson, Lake Shore, Reading. Southern Railway, Texas & Pacific and UP. Denver & Gulf issues. Stock and Bond Sales.—The following shows the volume of business in stocks and bonds on the New York Stock Exchange for the past week and since January 1. Sales ,— Week ending Sept. N. Y. Stock Exeh. —* ---- Jan. 1 to 1898. 2 1898. 1897. Government bonds $ 6 45,100 $216,900 State bonds...... -137,000 9,000 RR. & mlsc.bonds. 15,878,700 19,326,000 $11,694,550 1,990,700 550,571,510 Sept. 2-, 1897. $8,652,000 1,130,000 339,886,290 Total.............. $16,960,800 $19,552,200 $570,856,760 $349,668,290 stocks—No. shares 2,351,800 3,020,689 70,239,758 4-3,756,368 Par value...,$231,033,200$291,667,248 $6,801,298,525 $4,271,1(9,750 Bank shares, par $550 $127,560 $226,610 val. We add the following record of the transactions for each dayWeekof ending the week., Sept. 2 , 1808. Saturday............ Monday.............. Tuesday.............. Wednesday....... . Thursday............ Friday.,.,..,....... Blocks ---------- . R ailroad, dc. State • V. 8. Shares. P a r mitte. Bonds. B onds. Bonds. ---------- 280.070 401,171 455,802 898,305 401,781 318,721 *88,705,750 18,1)88,800 44.605,0B0 38.554.500 40.080,800 30,544,800 *1,9*-1,000 3,848,100 §026,000 2,al8.500 61,000 8,297,000 40,000 1,019,100 100,000 3,107,500 11,000 Total............3,851,300 §331,083.200 *15,878.700 §137,000 §22,500 20.500 153.000 41,000 181.000 316,100 *645,100 The sales on the Boston and Philadelphia Exchanges for the week .ending Sept. 2, 1893, have been as follows : — — — Boston.- -------------% Philadelphia.. --------- 1 $ 1 S $ Ijisted Unlisted B ond L isted U nlisted Bond Capital................ 59,022.700 .I 60,622,700 7E Oftb o/wil .............. 74,363.900 shares. shares . 8 ales. shares. shares. sales. Surplus............... 73,294,000 Saturday. ..10,479 10.346 $18,500 $182,725 8,773 9,901 Loans A diao’ntfi- 672'o91,800 Iuo’.’5i348.400 560,874,500 455,790,200 10.465 81,850 Monday — 28,962 14.100 9,062 281,200 Ciroulatlou......... 14,123,300jl)eo. 78,700 13,418,400 17,055,500 Tuesday.. ..22,829 14,771 73,450 17,960 5,525 130,000 Net deposits....... 760,'-31,400 Dec. 4,779 636.990.000 451,934,800 4, \ 05 Wedtiesd’y.20,636 87,650 16,104 13,893 70,100 155,968,700 Deo.8,604,500 92,628.100 47,315,7. 0 83,000 Thursday. ..28,160 8,609 15,673 12,530 76,500 Legal tenders__ 55,433,200 Deo. 86,300 106,138,600 74,474,200 Friday... ...15,000 5,500 2 2 ,0 0 0 17,814 0,037 283,830 Reserve held___ 211,401,900'Deo.8,690,800 198,766,700 121,819,900 Total.... I30,u72 53,855 860,450 59,054 00,673 020,855 Legal reserve__ 190,058,600 Dec.l,194,850 159.249.000 112,983,700 Railroad and Miscellaneous Stocks.—The stock market Surplus reserve 2l,343,30o! Deo,7,495,950 39,517,700 8,836,200 has been somewhat irregular this week. On Monday there 5 9 0 2 .7 0 0 ,4 0 0 The Clearing-House, on Oct. 80, 1897, also began issuing weekly returns allowing the condition of the non-member banks which clear through the Clearing-House institutions. The statement in full for the latest week will he found on a preceding page. Foreign Exchange.—Under a liberal supply of commercial bills the market for foreign exchange has continued weak and the tendency of prices is steadily downward. To-day's aotual rates of exchange were as follows: Bank ers’ sixty days' sterling, 4 82^'@f 83; demand, 4 84%<34 85; cables, 4 85'4(34 854; prime commercial, sixty days, 4 824 « 4 824; documentary commercial, sixty days,’4 81j4@4 824; grain for payment, 4 82@4 824; cotton for payment, 4 814 @4 824 : cotton for acceptance, 4 8'<?4@4 824. Posted rate3 of leading bankers folio w : Sept, 2. S ixty days. Demand. Prime bankers’ sterling bills on bond on. 4 83 844 4 86 Prime com mercial....................................4 82V Documentary commercial........................|4 81%a>4 sat,1 Purl-, bunkers’ (fra n c s)........................... 5 5 2 0 ta 9 1 9 l*i. Amsterdam (guilders) bankers................ 103401m 1 40b,5®401 i * rankfort or Bremen (reiohiiiarka) b ’kers f>4%ip04'm S»5-®O.M1B were reasons for anticipating a firmer money market,’ which led to some liquidation by timid holders. The bear element took advantage of the situation to depress prices and were generally successful. Tuesday’s market was steadier but without much change. Since Tuesday there has been an undertone of strength and some stocks have materially ad vanced. The grangers and several high-grade issues, in cluding Illinois Central, Pennsylvania, N, Y. Central and other so-called Vanderbilt shares, have been relatively steady, although, with a few exceptions, the active list has declined an average of between 1 and points. The Northern Pacific and Union Pacific issues have been amoijg the strong features of the market. The local traction stocks were erratic. Metro politan Street Railway fluctuated over a range of 7 points, Manhattan Elevated over a range ol nearly 5- points and Brooklyn Rapid Transit over a range of 4 points. The miscellaneous list furnished material for active specu lation and many securities of this class advanced or de clined from 4 to 6 points, according to the varying success of manipulators. General Electric was notably strong on re ports of extensive ne-.v contracts and Minnesota Iron and Illinois Steel advanced on further progre§>| with consolida tion plans. THE CHRONICLE.—STOCK PRICES (2 pages) P age 1. S ept . 3, 1898 ] New York Stock Exchange—A Daily, Weekly and Yearly Record. 8 T 0 0 £ S —H IG H E ST A YD LO W EST S A L E PRTOES. S a tu rd a y , M onday, T uesday , Wednesday Thursday, F rid a y , A ug. 27. Aug. 29. Aug. 30. A ug. 31. Sept. 1. Sept. 2. STOCKS. N. Y . STOCK E X C H . Range for year 1898. I Rangefor previSales of the On basis of roo-sh're lots ous year fl897>. Week. Shares Lowest. Highest. Loxvest. Highest. R a i l r o a d S to ck s. A lbany & Susquehanna.. §183 Jan 4 180 Feb 8 20 11 Apr 21 15 Feb 8 l i n n Arbor................... 100 34 Jan 4 40%Feb 7 Do pref. 2,715 1 0 %Apr 21 14%Aug 10 Atch. Topeka & Santa Fe. 50,186 22% Ala 12 37%Aug 27 Do pref alt.&0 .,tr.rpe.1 stins.pd 31,000 !2%.fan 25 29%Sep 2 alt. O. Southw., pref. 5%Jan 19 7%Feb 3 Bost. & N. Y. Air L.. pref. §105 Mar 9 §105 Mar 9 Brooklyn Elevat., tr. rec. 25%Ang 17 28%Aug 22 63% 65% 02% Brooklyn Rapid Transit... 76,284 35 Mar 12 09% Aug 22 65% 66*6 •31 32 200 25 Mar 12 31%Aug 22 ♦31 38 Buffalo Roch. & Pittsburg. ....... *68 70 *67% 70 1,334 62 May 6 75 Sep 1 70 Do pref. *75 .... *75 .... Bari. Cedar Rapids & N o .. *75 §65 Mar 10 75 J’ly 1 *85 8 6 % •85% 87 *85% 2,525 72 Apr 21 90%Jan 20 anadian Pacific.......... 549* 549* 53% 54 2,440 44%Mar 12 57%Feb 5 *53% anada Southern.......... Capital Traction.............. 02 Jan 4 70 Jan 25 92% 93 93** 03* 4,547 8 6 %Mar 20 98%Jan 7 89 92 90% 90% 90% 90% .89% 90 Central of New Jersey.. . . 21% 2 2 % 21 % 21 % 21% 23% Central Pacific................ 3,135 11 Apr 23 23%Sep 2 §18% 18% 19% 19% §2 0 % 21 24% 23% 24% Chesapeake Ohio.......... 10,547 17%Mar 20 24 Aug 17 24% 24% 23% 24% 23% 24% 23% 23% 24 •159 .... 159 *159 ... *159 Chicago & Alton.............. §150 Mar 14 §166%Jan 14 •170 .... 170 ... 170 *170 170 *170 Do pref. §100 Mar 24 §166 Mar 14 118% 119 116% 117% 110% 117% 110 % 117 110% 117% 117% 117% Chicago Burl. & Quincy... 82,813 8 5%Mar 26 120 Aug 18 61 0 1 % 60% 01 00 60% 59% 60 59% 00 Chicago & East. Illinois... 2,600 49 Apr 19 66 J'ne 1 108%109 109 109 800 102 Jan 7 113%Feb 1 108 109 •108 109 108** 108 Do pref. 107 17% 17% 17 17% 16% 17% 10 % 17% 10 % 1 0 % 1 0 % Chicago Great Western... 39,570 9%Feb 24 18 Aug 22 •70 74 74 *70 300 71%J’ly 15 73%Sep 2 §72 *70 74 72 74 *70 Do 4 p.c. debentures. 72% 73% 42 42 41 42% 42% 42% *41% 42% 41% 41% 41% 42 1,415 28 Mar 15 42%Aug 22 Do 5 p.c. pref. “ A ” .. *29% 30 *29% SO 300 20 Apr 21 30% Aug 10 Do 4p.o. pref. “ B ” . 29% 29% *28% 29 28% 29% *28% 29 9% *9 10 10 210 9% *8 % 9 Chic. Indianap. & Louisv. *8 7 Feb 24 11 J’ly 27 §8 % 8 % 9% *33 35 83 33 •32 35 30 *33 *32 35 •38 Do pref. 33 23 Apr 10 38%J’ly 27 113% 114% 112 113% 112 113% 1 1 2 % 113% 112 % 1127% 112% 112% Chicago Mllw. & St. Paul.. 152,228 83%Apr 21 114%Aug 27 ....... 158 555 140 Apr 25 159 Aug 18 150% 156% 150%157 §157% 157% §156% 150% 157% 157% Do pref. 135% 136% 134% 135% 134 135 7,043 113%.Mar 12 I 30%Aug 23 134% 135 134% 134% 134% 13494 Chicago & North Western. 1175% 175% 10 163 Jan 3 175 Mar 7 Do pref. 1057% 106% 104% 105% 104%105% 104% 105% 104% 105% 104%1C5 Chicago Rock Isl. & Pac.. 39,788 80 Mar 25 !08%J’ne l 85 86 84 85 4,003 65 Mar 12 87 Aug 17 83% 84% 84% 85% 83% 84% •84 85 Chic. St. P. Minn. & Ora... •154 165 *154 104 *154 100 §154 155 •154 105 100 1148 Jan 5 §105 Aug 17 155 105 Do pref, 224 §8% 8% •8 9 9%.Mar 3 §8 8 •8 % 9 Chic. Terminal Transfer.. 8% 8% 4%Jan 3 35% 36% 30 37% 35% 37 0,250 22%Jap. 3 37% Aug 29 35% 30 35 35% 34% 35% Do pref 43% 43% 41% 43 3,579 25 Mar 12 47%Aug 10 42 42% 42% 42% 42% 42% 41% 42 Clev. Cln. Chic. & St. L .... Do pref 77%Mar 9 90%Aug 10 15 15% 14% 15 15% 15% 14% 15% 10 16% 16 16% Clev. Lorain Wheeling.. 13.300 1 1 %.Mar 26 19%Jan 12 *40 48% 40 11,174 45 May 2 52%iep 2 48% *40 48 47 49% 49% 52 Do pref 51% 52% *109 ... •109 ... •109 ....... *109 Cleveland & Plttsb., guar. ... 109 ... 109 .... 170 J*ne 7 §174 Aug 8 1,040 Colorado Mid., vot. tr. ctfs. 8 Sep 2 5%J’ne 23 3,157 14 J’ue 23 18%Sep 2 Do pref. vot. tr. ctfs. 15 1 0 % 16% 18% *5% 0% 20 4%J’ly 30 8 %Feb 10 0 5% *5 5% •5% *5% 5% Col. Hocking Val. & Tol. 24 24 •....... 23 23 Do pref. 17 Jan 7 25 Feb 9 ♦109 110 108%109 1,107 103 J’ly 16 114%Feb 3 elaware Hudson.. 108 108% x 106% 100 % 100% 100 % 100 % 107% -*150% 151% 151 151 §151 151 345 144%Apr 21 159 Feb 5 el. Lack. & Western... 151% §150% 151% 151% 14% 14% *14 14% •13% 14% 14% 14% 14% 14% *14 " 15 Denver & Rio Grande.. 1,235 10 Apr 20 14%3ep l 55% 50% 55 55% 55% 55% 55% 55% 55% BMj Do pref. 12,985 40 Apr 21 56% Aug 27 55% 56 *18 18% 100 8 % Apr 21 20 J’ne 10 17% 17% •17% 18% •17% 18% •17% 18% *17% 18% Des Moines & Ft. Dodge.. •80 ♦80 ... •80 .... Do pref. •80 •80 *80 7% 7% •7 100 8 % •0 % 8 5 Apr 4 8 % •0 % 8 % DuL So. Shore & Atl.pref. 14% 14% 14% 14% •14% 14% 14% 14% 1,115 11 Apr 21 rie...... . ................. 14% 14% 14% 38% 38% 38% 80% 38% 38% 38% 38% 8,9 L3 29%Apr 22 38% 37% 38% Do 1st pref. *19% 20 19% 19% *18% 19% •18% 19% •18% 19% *18% 19% 100 15%Apr 22 Do 2d pref. 27 27 •27 28 1,400 22 May 9 28 Evansv. Terre Haute . 27 2 0 % 27% •27 28 •26% 28 55 55 Do pref. •54% 50 1,019 40 Jan 18 50 0 0 % •00 01 02 % 00 01 10 Mar 12 lint Pere Marquette. 30 Aug 5 Do pref. •22 25 21 Feb 8 •23 25 Ft. W. Den. C., stamped •25 ...... *18% 15 •13% 15 •18% 15 Rio Grande. ♦10% 15 Ft. Worth 10 May 19 •18% 15 ♦13% 15 138 138 135% 130 3,219 +122 J’ly 185%136% 130 136 137% 137% /Threat Northern, pref... 135%138 VTreen Bay Western.. §30 Jan 7 Do debt certfs. “ A ” 40%J’ne 23 Do debt certfs. “ B 3%J’!y 9 111 % 1 1 2 % 1 1 1 % 119% 1 1 1 % 1 1 2 % 1 1 1 % 11 1 % 112 112 112 112 % llinois Central.............. 90 Apr 21 •96 100 *90 100 §94 Feb 18 *90 100 *95 100 Do leased line, 4 p. c. •90 100 •96 100 •10 1 0 % •1 0 1 0 % •9% 10 7%Mar 18 •9% 10 •9% 10 •9% 10 Iowa Central............... ... 377% 37 37 ♦80 37 Do pref. 25 Apr 28 •30 37 36 36% 36% 36 0 Feb 2 •5% 0% •5% •5% •5% 0 % •5% 0 % 0 % I7'anawha& Michigan... 0 % 20 20 *20 20 15 Apr 26 19 20 »Van. City Pitts. G ulf.. 18% 19 *18 18% 19 * •4 5 *4% 5 3 Jan 27 •4 5 5 *4 5 Keokuk Des Molues..... •4 5 ♦ 10% 17 •10% 17 15 May 12 Do pref. 10 10 % 10 % 10 % •10% 17 * 10 % 17 •29 32 •29 32 •29 32 •29 32 Keokuk Western.......... 30 J’ne 2 32 •29 82 •29 •4 •4 9% 2 May 19 9% 9% •4 9% •4 •3 •4 9 9% Kingston & Pembroke.... *18% 20 110 19 ake Erie Western... . 1,410 !2%Mar 14 18% 19 18% 18% •18 19% 17% 18 70 70% 75 75 74% 75 803 60 Mar 14 §70% 76% 70 Do pref. •75% 77 70 • 102% ’192% .... Lake Sh. Mich. South... 170%Jan 4 '192% .... *192% *192% '192% l80%Apr 19 Convert, ctfs. of deposit. •50 58 40 Jan 20 •50 00 58 *53 •53 58 •50 58 Long Island.................... •52** 57 50% 00% 58% 59% 58% 59%! 58% 58% 58% 58% 57% 58% Louisville & Nashville.... 35,951 44 Apr 21 97% 99 97% 98% 96% 99% 91% 94% 97% 95% 98% Y/Tanhattan Kiev., consol. 148,344 91 Mar 20 105%106 163% 105% 105 fl49 151% 152% 151%153 IvLetropolitan Street...... 15,331 125%Mar 26 Central.............. 4%J’ne 15 425 6 % 6 % *0 0% 0% *5% •5% 0 % •5% 0% Mexican 1 Feb 10 1 *% 1 Mexican Nat’l .tr. rects... '% •% 109% 108% 107%108% -t o ft 108% *107 109 •107% 100 09%Mar 12 '107 108 Michigan Central............ *27% 28% *27% 28% *27% 29 100 24 Mar 11 27 27 Minneapolis & St. Louis... •27% 28% •27 ' O f * *89% 91 §90% 90% •89% 91 10 84 May 14 Do 1st pref. •89% 91 *89% 91 •89% ♦ 0 0 % 02 Do 2d pref. •61% 02 200 40 Mar 20 0 0 % 60% •0 0 01 *00 01 ♦ 00 0%Mar 11 •6 .... *0 .... *0 •0 •0 ....... Minn. St. P. 8 . S. Marie. •0 1 2 % 1 2 % •12 12% 1 2 % 12 % •1 2 435 10 Apr 13 *12 12 % Mo. Kansas Texas....... 1 2 % •12 80% 30% 35% 30% 35% 35% 80 Do pref. 3,150 28%Mar 12 35% 35% 30 35% 307% 37% 90% 36% 36 36% 30 36% 36 30% 35% 36 Missouri Pacific............. 13,025 22 Mar 12 •8 8 % 30 *28% 2 0 % •28% 30 200 24%Apr 19 29% Mobile & Ohio................ 28% * 8 % 28% 28% *23 •170% 175 '170% 175 *170% 175 *170% 175 •170% 175 §107%Jan 4 '170% 175 Morris Essex............... 00 J’ne 1 VTash. Cbat. St. Louis.. 118% 119 Y. Central & Hudson.. 118 118% 117% 118% 118% 118% 118% 118% 118% 118% 8,488 105 Mar 20 •13% 14% •13% 14% •13% 14% •14 ll% M ar 14 14% •14% 14% •14% 14% N. Y. Chicago St. Louis. •70 78 73 Feb 19 78 Do 1st pref. •6 8 78 •6 8 *05 78 •05 78 •05 78 •34 30 28 Mar 25 •34 30% 35 85 34% 34% Do 2d pref. 35 85 •34 30 §320 Jan 5 New York Harlem...... *350 ....... §120 Apr 20 N Y. Lack. Western.. . . *194 197 *193 190 55 §L78%Jan 7 '193 196 §194 194 §194 194 ■191 194 N. Y. New Haven Hart. 7,405 13%Apr 25 15% 16% 15% 16% 15% 16 10 10% N. Y. Ontario & Western.. 10 % 10 % ♦ 00 66 05 Jan 28 Southern........ *60 •0 0 66 00 •0 0 06 •00 06 •00 00 Norfolk *15% 10 •15% 10 831 ll% A p r 21 15 15% •15 10 10 Norfolk Western......... 10 •15 10 54% 547% 54% 54% 8,900 42%.Mar 12 54% 54% 54% 54% 54% 54% 54 Do pref. 39% 41% 38% 40401 38% 397% 4 39% 40% 39% 40% Nor. Pac. Ry., vot. tr. ctfs. 198,015 19 Feb 24 77% 78 Do pref. 137,083 56%Mar 12 75% 77% 75% 77% 79% 78% 77% 79% 79 7 Mar 5 600 maha St. Louis........ 01 6 1,750 35%.Tan 7 57 >6 00 60 60 00 r.RR.&N.Co.vot.tr.cfs. 57% 59 57% 58% •57 77% 77% 76 820 65% Mar 29 Do pref., vot. tr. ctfs. •75% 77 70 76% 77% §77% 77% 70% 77% «190 220 190 220 *190 220 *12 13 13 §119* H9* *11 37 37 *36*6 38 •80*$ 38 13% 13% 139* 14** 18% 14^ 30% 30% 36 36% 37*6 20 22 2 +% 23 ♦3 7 5 0 % 35 *105 108 *105 108 *105 108 190 220 *190 220 *190 220 ♦11 13 *11 13 * 11 % 12 % *35% 37 •36 38 •36% 37% 13% 13% 13% 13% *13% 14 36% 30% 35% 33% 35% 36% 25% 23% 27% 29% 20 27 §6 6 •0 0 % *5% 0 % *105 108 ♦105 108 *105 108 *25% 27 26 27 *25 05 05% 64% 65 64 03% 05 31 31 30 *31 32 30 32 73 75 72 71 70 *75 70% •75 ___ *75 ___ *75 ....... 8 6 % 80% 8 6 % 87% 88 88 % 88 % 54 §54% 54% 53% 5 4 53% 53% 35% •5% B t & C & *»% % lit & & D E ik F Sc Sc Sc Sc Sc I 15 L l6!3 Sc Sc Sc Sc Sc i?8" i* 8?« Sc Sc IV * Sc 10% 10% Sc Sc S% O * These are bid and asked prices; no sales on this day. O U T S ID E S E C U R IT IE S (G ive * at § Less than 100 shares. Sc vSc ~See Sc Sc t Ex dividend and rights. Bid. Ask. Bid. Ask. 1 S treet H a ll w a v e. Metropolitan—See Stock Exch 1IBt. 150 100 10 0 % 103SS Ninth Avenue—Stock---- 170 180 IHt. Second Avenue—Stock... 178 181 1st mort 5s 1909..MAN $107 100 170 195 1 1 8 Debenture 5s 1909. J&J $105 108 $110 Consol. 5s, 1948. ..F&A 115 115« 101 102 225 Sixth Avenue—Stock..... 200 320 So Fer 1st 5h 1919..A&0 $113% 114 108 Third Avenue Stock Exch. list. 340 860 1st mort 5s 1937...J&J 124 125 02 112 28th & 29th Sts 1st 5s..’00 $110 113 116 Twenty-Third St—Stock. 330 07 100 Deb 5a 1000____...J&.J 103 ....... RJxoh 1 1st. —See 170 Feb 177%Ap 9 Jan. 15%Aug 22%Apr 40 Aug 9%Apr 17 Sep, 17 Apr 35%Sep 9 J’ly 21%Sep. 2 J’ne , 9%8en. 102 Mar 100 Oot. 8 %Dec 8 %Oct. 18%Jan. S7%Deo 16% May 31 Dec 54%J’ly 60%Deo 6 8 Apr 70 Aug 40% Mar 82 Deo 44%Jan. 62%Sep« 50%Oct. 63 Deo 6 8 %\Iay 103%Jan» 7%Apr 18 Sep. 15%Mar 27%Aug 147 J’ly 170 Mar !61%May 175WNOT 69%Jan. 102%Sep. 37%J’ne 61 Sep. 95 Jan. 103 Sep. 3%J’ne 2 0 %Aug 7 l%Oct. 75 Deo dl%Aug 43 Sep. 19 Aug 33%Sep. 8 Oct. 13 Aug 20 Nov 38%Sep. 69%Apr 102 Sep. 130%May 140 Sep, 101% Apr 132%Sej» 153 Jau. 105%S9|* 60%Apr 97%S0F 47 Jan. 89%Sep. 133%Jan. !50%Dec 21% J’ne 41%Sep 63 J’ne 8 6 %Sep 39 Nov 49%Deo 101 Apr 168%Sep l%Apr 14 Aug 09%Apr 140% May 9%Apr 30 Apr 7 Apr 31 Apr 5 Dec ll% A pr 27 Apr 15%May 20 J’ue 28 Aug 7 J’ne 30 Mar 7%J’iy JL2 Nov 120 Jau 27%Apr 50 Dec 3%Deo 91%Apr 8 8 Jan 0 Apr 23 J’ne 4 J’ne 17%Dec 2 Feb 12 Mar 32 Feb 1 Aug 13 May 58%Apr 152 Jau 18 Jat 40 Jan 123 Sep 164 Aug 14%Aug 50%Aug 14%J’ly 50% Aug 10%Aug 19 Sep 46%Sep 25%Aug 34 Sep 48 Sep 14%Aug 49 Oct 20 Sep 20%Sep 141 Sep 40 Aug 50 Deo 9 Aug 110%Aug 97 Aug !3%Sep 41%Sep 9%Aug 29%Sep 4%Aug 28%Jan 30%Oct 2 Aug 2 2 %Sep 79%Sep 181 Sep 38 Dec 40%Apr 81%May 99%Oct 6 Aug 1 Nov 90 Jan 10 May 77%Mar 46 Feb 0 Dec 10 Apr 24%Apr 10 May 18 J’ne 102%J’ne 70 Jan 92%Feb 11 Feb 67%Apr 24 Feb 295 Feb 119 Jan 160 Feb 12 %Apr 0 Apr 17% Sep 22%May 48% DeO 11 Apr 22% Deo 32%Jan 6l% D eo 8% Deo 5%Nov 10 Apr 41 Sep 37%Jan 73%8e_9 i Before payment of assessment. foot of 7 consecutive pages).— STREET Street lla flw n v a | Bid. Ask. S tree t It u llw a r s , NBW YOKK CITS’. 1 Blaeek St * Ful F stock. 32 31 _ l«tm o rt ?» 1900.,.,I*,i! toi 104 P way 7th Ave—Stock ! 213 D D K B Batt’y—Stock. latraort 5s 1904...J*[)!4io5 106 »d mort 5s 1914..... 1a j 41 §0 112 Scrip 5a 1915....... F&A Con 5a 1943—Sea Stock! Birch t B’way Surf 1st 5sgu. 1924 l i t 1 1 0 %! 5a m rental. 1905:4104 105%, 42d A Or 8 t Fer—Stock.. Central Crosstown—Stock) 255 lat M 3a 1932..... M &N'm H K t*n Pk N t B k i t — Stock ISO 100 Consol 7s 1903.. . J t n $ n o 8 tk 111 1 Lex A Pav F 59 Sc Sc Sc Sc Sc 467 RAILW AYS, &c. i75 Street ftu llw av o . Union Railway—St-mjk. 1st 5s 1942.......... F&A. $113 W estchest 1st. 5s ’43..J&J $LOO BROOKLYN. Atlan. Ave., B’klyn— 1st 5s 1909.......... A.&0 §107 Con 5s g 1931...... A&O $108 95 Impt 5s g 1934.....J&J B. B.&W.E. 5s 1933. A * 0 Brooklyn City—Stock.... 213% Consol 5s 1941...... J&J 114 R k ly n C ro s s tn 5 il9 0 8 I&.T 105 B'klyn Kiev Stock E xch lis 93 —See Ask. 200 114% 215 117 468 TOE CHRONICLE.- STOCK PRICES (2 pages) P age 2. STOOK 8 —H IG H E ST A HD L O W E ST S A L E P R IO B 8 . M onday, j 7W*rfaw, |Wednesday Thursday, F riday, ' , . A ug. *Ji) A ug. 30. j A up. 31. \ Sept. 1. Sept. 2, STOCKS. Saturday, j Aug. 2 4 j 85 N. Y. STOCK EXOH. 874| 83* 454, 1 44 8M< 1 8SV 3Ok 36k 36k 86* 36k i 35k 35ii Oregon Short I-Ino.......... 411 45 44k j 44tji 45 1 46 * §45 acific Coast Co........... i$4k 185k 85k | *83 ' 87 87 •84 87 183 84 L)o 1st prof............ •05 07 64k 04*1 05 «5 k 65k 05kl *04k 00 65* 65k Do 2d prof............ • 11b 'i 11VV, 110>4 110k 118k 118k llM k 1 1 ^ I u s * u s v 11894 119 Pennsylvania................ 1 *k 1* 1* ik 1 ^ *1 l k Poo. Decatur ICvansv.. Ik (5 0 *4 *4 0 1 *4 *4 0 Peoria & Eastern........... 6 *4 6 444si « 8 * 44k 43k 4Ski *48k 45 *i3k *5 Pittsb. dn. Chic. Bt. L. *48k 45 66 66 1 *«» 65* •03 *03 05 0&k *03 05k 1 *03 Do prof 05k •172 ...... ♦171 *171 •171 ...... *171 *172 ....... Pitts. Ft. W. ch., guar. 9 *9 10 Pittsb. & West., pref....... •9 n* *9 0* n* 9* 9k •0 10k 18k 10k 18* 19 i 11S « 18k 1 8 k 18* 18* I B * D cadtng, voting tr. offs.. 45 43 44* 441# 41* 44^1 4Sk 48-k §18 45!. i s * -Lli let. prof., vot. tr. ctfs •23 21* 21*t 2 1 * 21* •21* 21* "21k 22 22k 1 * 1 * 2 2 2d pref., voting tr. ctfs. •1S5 lvS7kl*I»5 1691, *185 1871, ♦185 187k • 185 i8?k *185 187k RensselaerA Saratoga.... •30 30 •23 30 •28 32 , *28 31 •28 so ♦23 30 Rio Grande Western___ 69 W •o s * 694, 69 69 ! *68 *08 69k 69 k aov ♦08 69 Do prof. *183k 125 ♦123 105 *123 125 5123* 125 ;*l28k 125 *123k 125 Rome Watertown Ogd.. * 7^4 7* ! *7 7* •7 7* *7 7k 1 * T* IS * t. J. G. 1st, vot. tr. ot.s boh OU* 00 00 60 60 6 0 * 60* *58 60* Do 1st pref ♦00 23 20 20 20 20 i *19 21 •19 21 Do 2d pref i9 k iv»k •8 * 8* 8* 8H St. S. Fr., vot, tT. ctfs M< «« •3H* 68 67 07 •65* 66* 00 60 00 06k 00*4 60 Do 1st prof 83k 84* 33k 88^ 3254 33k' 82k 33k 3 3 * 3il* 33 83k Do 2d pref •3 * 0 (5 * »5 * *5 * 8 * St.Louis Southwestern... 5* 5* 5* 6k 12k i s * 12* 13 1 2 * 18* 12* 13 12* 12* 13 13k Do pref. 24*M 244a *23 26 *22 25 St. Paul & Duluth........... * 1 91 ' *88 92 i *S8 92 Do pref. •169 178 a 07k ifi7k 168 103 *107 170 168 168 *167 ~ 170 St, Paul Minn. Man...... 2 2 * 2 2 * 2 2 * 2 2 * 2 2 * 22k 2 2 * 22k 22k 22* 2 a * 91. 934 94, 0* 9* n* n* »k. »* »* 85* 8 « * SB* 30* 35is 8 6 * 3 6 * SUV 36 86 k 35k 36 Do pref., vot.tr. ctfs. 15 15 15* ^exas & Pacific............ 1 0 * 154, 15* i5k 16* i s * io k , 15* l o * •173 17S 1175 175 *175 180 *170 180 ♦175 ISO 178 17S -bird Avenue (N. Y .)..., ♦15 26 •14 25 •15 SO 20 *15 *15 25 •15 25 *30 •SO 40 ♦30 40 •30 40 *35 50 40 40 ♦33 Do prof27* 23k *29 83 •26 29k 30 30 80k 2SV 2 8 * 32* 84* 33 3 3 * 84;>£ 38* 84* 3 8 * 84* f Tnion Pacific R y .......... 34* 324.1 34* 65* 60* 8 0 * 07* ^ 65* 6 6 * 6 0 * 60* Do ...pref. 66* ovk 88M 07* 5* 574 0* 0 * Un. Pac. Den. & tr. rec. 5* 6* 041 6 s* 5* 5* 6* 9 9 8* 8 * yiyTabush 9 8?4 9 * 9 h* 8* 32 21«i 92* Do pref. 82k 2 1 * 23* 2 8 * 24* 28 23* 2 2 * 28* 95:* 9 5 * 9 5 * 95* 965s 68* 95« West Chicago Street....... 96* 2* ss« 2* 2* ar>s 2 * 2* 2* 1* 2* 25s 1* H 4 * 15 15 1 4 * 14* • U * 15 15* Do pref. $5 do 14* 15* 12* 12* *1 •1 *1 2 2 iscon. Cent,, vot.tr.ctfs. *4 6 s *4 8 ♦5 Do pref. do T fis e c lla u ’ * S t o c k s . ♦106 a io 1 1 0 m o 111 *110 ...... *106 110k m o SO 3 7 * 38* 875, 38* 38 8 7 * 88* 38 37* 88* 89* 88 89 87* 87* 88 89 S37« 87* 86* 8 7 * 88* 89 pref. 4(1 *25 40 •25 40 *25 80 30 *28 40 •25 40 *180 187 5180 132k *130 1S6 *180 136 •ISO 138 *130 186 a s * a i « 3 4 * So* 30 85* 85k 85k 84* 84* 3 3 « 81* 85 85 84 85 85 pref. 85 85* S3!>4 85 85 84* 85 1-4 14 13* 14* SI 3 * 18* 13Vi 18* 13* 13V fg..... 1 4 * 15 39 *39 40 pref. 40* 40*1 40 40k §19 89-H 39* 39* 35 38 33* 34 87* 88* 34 83* 84* 87* 40* 83* 8 6 * 88* 8 8 * 86M 89% 90 91 pref. 90 90% flning.. 143 148k 142k 144k 141?i 144k 143!l 144* 144 145V 143%145k pref. 115V U S * 114* 11154 §11494 i n k H14& 114& U 15k 115k 115* 11594 •95 97 98 •96 98 98 •96 98 §97k 97k *96 144 146 14 4 144* 140>4 144 144W145% 142k 144k 142k145 • 132 L37 1132 184 1132 132 *131 130 Do pref. Do dividend scrip. 9 9 * 99 99 *99 99k •06* 99* 99 99 *09k 99k *98 354 3* SK *3* , 3* 3* 8* 8?is 8 * )ay State G as...,.......... 3* 8 3* Brooklyn Union Gas..... 127 L87* •125k128 1127* 187* §127 L2S 127 127 1 2 0 k 127 runsw. Dock & C. Jmpvi, *1 0 * 1 1 * H O * 11* *10 10k 10k 9 * . °« *....... % lolorado Coal& I. Devel. Do pref. 3k ♦ Ik *ik *ik 2k * lk 3k 2k 24 135 25 *24 25 *23k So 2 , * •23 * 25 23k 23k pref. 90 *..... . 90 * 90 Do 7 !6 « 6* •5 * 8* •5 *0 17 0« e« *0* 190 .90* IBS [89 187 18?k < 189W191 x l«8 k l8 8 k 188 190 40 49k 62 4 5 * 45* 546* 4 5 * 43V 45 * 45k 47 49* 92^ 92->f *92M 96 ♦98 90 pref, 9 2 * 92* §93 93 192* 92* •40 ....... *40 *40 ....... ( *41 *41 •40 ♦61 0 1 * 0 2 * 0 2 * 63V *63 65 63 63 •61 02* ♦61 * 00 ♦..... . 60 an * 60 132* *130 134 1 8 1 *1 8 2 * *131 132k *181 133k 183k ISO ISO §124 12454 80 41 42 42% 4 2 * 45 45 46% 1 0 * 42* 4 1* i o « 41 2 0 * 26* 26* 20* 2 6 * 21!* 20* 26^ *20k 20% 2 6 * 20* 00 72 78i* 78* 70* 70* 70* 7 2 * 7 2 * 73V ' 71* 57 57V 07* 570j 01 62 57k 5bk J 6 6 * 59 58* 61 Do 9 0 * 91 pref. 91 92 90* 92 6 1 * HIV 01 914, jOUls). *53 54 6 6 * 50V 5 0 * 51 50* 80* x50k 5 1 * SO* 50* ♦94 96 pref. *94 '94 90 *94 96 90 95 95 00 §90 *45 52 •45 62 *45 52 *45 52 •45 52 *45 52 Llnnesota 1 99 98 9 6 * 99 97 99* 98k 9954 98k 99V 98 US* 3 3 * 835, •83 8 3 « ' 32* 32* 32 83k 8 1 * 82* 3 1 * 32 pref. 97 *90 97 •96* 97 95* 96 595* » 6 * §97 *95k 97 37 37 37* 3 7 * 87(16 8 7 * 8 7 * 8 7 * 8 7 *1 88 8 8 * 38* Do pref. 1 1 2 * 1 1 2 * 111 111 §112 12 §1.10 ii o k 1118*118* 5112 k 11 6 0 6* (! * f 0* 6 5* 6 •5 * «* 6* 0* 8 8 8 *7 * •7 * *7 * 8 7 *7 * 8 H •7 * •7k Do *78 83 *73 83 *73 83 •73 88 *73 83 •73 8,-5 Do *20 *20 80 *20 30 *20 30 80 *20 30 80 •20 •35 43 43 43 •86 42 f *35 *85 *35 *35 42 43 97 99* 7 90 90 n o* 88 94k no* *87 , 90 9 3 * 97 0* 6* 6* 8* 6* 7 *0 « 7 7 6* 6* 0* *0V *4 *4 0 •4 •4 0 C •4 6 *4 0 0 0 83* 34* !M * 8 5 * ' 34 84* 3 4 * 84* 84 34* 8 3 * 34 •330 ....... •330 ’830 ....... ’880 *330 *380 106%107 I 100k108 105k107k 104^ 106k 108* 105* 105 k108 185 187k 180 180k 187k 187k il89k 189k I 184 184 87 186 •2 8* *2 *2 *2 2* | 2 2 *2 3 8* 3k Do prof. *6 7 7 *0 7 •5 « *5% 6 ' ♦6 6 ♦6 7 ..... *59& 00k *5im 60* ♦09* 6 0 * <Mlver Bullion Certlflo’t’s. •09* 60VS 9 9* 8* 8W ,8 * S * 1standard Rope & Twine. «* 8* 8* 8* SI 32 r Penn. Coal Iron RR ... 8 0 « H I* 31* 82* 30* 82* 8 1 * 32 31* s Do prof. Texas Pacific Land Trust., 9 9 *8 9 1 8 *8 *8 9 *8 •8 *8 0 nited States Express .. 44 •41 45 ♦40 45 ♦42 *42 45 j *41 45 141k 41k nited States Leather ., 7 •7 * 7* 7* 7 7 * 7* 7* 7* 7k Do pref. 72* 78k 73* 72* 72* 72* 78* 7 7 2 * 71k 72k 42* 44* 44 45 43* 445, 4 4 * 45* I 4554 4 42»X 45* pref. Do 105 105 10H k105 104 105k 105M 106k 105 105k 105% 105% [Tells, Fargo A Co 122 122 120 125 120 123 1122 123 1124* 124* S125 120 V astern Union Telog’h. M * 94* 94 94 84V 9 3 * 94* » S « 94* 94* 94$< 95 H\ *4 h P H & &. & '• m & SH •m It. & SH m & & S fl & S*N »H I . iliH Q., Range fo r year ISPS. | .Ran^c fo r pre8 a leg o f the O nbasieof roo-sh're lots viotis year (1S97), Week. Shares Lowest. Highest. I Lowest, Highest, i7WJ‘iy 4,025 1,743 10ft 1,00.1 2,87 I SUO ....... 3,851 25(i 37 ‘1Aug 27 19k Jan 84%J'no!8? 47ft Aug 19 83% Aug 1" 91 J’ne 88 58 Aug l 07%Aug 22, .... 110k Mar 12 1 2 0 ^ Feb 7 10 3 k J a n %J»ui 7 2k May 23 5k Fob 11 4 Feb 28 88%Jan 4?k-ifay 2i 57 Mar 23 71 Fob 7 1108 Feb 25 172%J’ly 13' 1,830 OkSep 1 5**.J'ne 11 6,272 151* Mar 25 23%Jan « 11,140 30 Mar 12 54kFeb 3 1,984 18%Mar 20 29 Jan 6 182 Jau 20 «185kJ'lv27 22 May 11 32 Aug 23 200 SOk'Mur 15 69kAug 27 8t lll6kM ar20 1125 Aug 31 140 8k Feb 11 B.kMar 7 835 •15 Fob 63 J'ne 11 40 13%Apr 25 23k.J*ne 11 1,70 9 Aug 25 C Mur 26 823 52kMar 12 68S4Aug 22 7,94 22k Feb 24 84% Aug 24 209 Jan 24 Ok Aug 30 7,959 7k Mar 12 14k Aug 18 27 Aug 11 150 18kJ’ly 60 78 Apr 20 90 Aug 450 128%Jan 12 171 Aug 20 1,730 12 Apr 13 23kAug 20 5,922 7 Apr 21 10 Aug 23 32,038 23%Mar 2« 3Ok Aug 27 12,55 8%Mar 12 16kAug 24 125 155 Apr 21 1 9 4 k F e b 10 112 Aug 20 i l 5 Feb 10 85 Aug 21 35 Aug 25 9%Dec 2,950 16kJan 12 SOkSofi 2 114,799 16k Mar 25 34k A up 30 131,74y 45tfjMar 12 07k Aug 27 1 Apr 0,3-1 4k Aug 8 lOkFeb 18 4%Mar 3,295 0kAug 3 i 6kMar 25 04,495 14kMar 7 24 k Aug 31 U k A p r 1,401 87WApr 25 !0 2 % Ja n 8 lOOkNov 3,500 k J ’ne 3k Jan 11 22 2k Apr 1,410 8 J’ly 9 10 Jan 12 1 J’ne 3%Jan 17 %Jan 6 Sep 5 Feb 24 W '\ J 6 J’iy 12 H % m m Gk'Nov 15 Dec %J’ly 2 Oct, 15kJ‘ne 70 Nov 3k<me 136kJan. 28 Nov 80 J’ne 35 Feb 20 Jan. 'HH 72 H S tree t R a ilw a y s . BkinHgtAl at 5a 194 1A.fcO BQnsCo.&S.—1st 5s.l941 Bklyn Rap.Tran 8to Cal.Cem Gr.AB*kynl»t Be Coney Island & Brooklyn. L04 $109 ok Ex. 110 190 1 st 5s 1904..................IA J 108k 5b certfs lndbtl910..T&J 101 .—See B ’k C.A New 5s ’3 9 . J& J $112 Gr.SU&New l«t5s’OBAAO 104 O'p’t A Lorlmer St. 1st 0b. 110 F I uitb Co. BlovaL—Stock 4 Incomes............... . 10 Bond Stock Exob. List. *—3es (G iv e n & I Less than 100 shares. a t fo o t o f Bid. Ask. S tre e t R a ilw a y s , Ask. ( 100 | Nasnan Elec 5» 1944.AAO 100 110 1 NewWmb’KAFllstexAkH 101 103 N T * Qub Oo 5s 1946. A&O Ltst Btelnway lstfla 1928.J&.J 5114* 115* 10T 103 106 6 11 ' OTHER CITIES, Balt L Balt Consol—Stock— Brldgep Tr-lst 5s '28.J&J §100 79* Buffalo Street Ry—Sl/Ock, 1st consol 5a 1931 .F&A §113 Crosstown 5s 1932M&N m o * Chicago City RR—Stock.. 290 CltLrena’ 8t (Ind’nap)-Sfc Phila See $ Ex dividend of 100 per cent In bonds. c o n s e c u t iv e p a g e s ) .— 1st 105 SO* 115 111* 295 list, i Bid. 0 ** }10() 00 §103 50 101 100 Phila 12* 70 {113 85 Comm on.................. . 98 Preferred . ............. Htreot l l a i l w » y « i . Cleveland City Ry....... . Clevel Oab-lBt5a ’09.JAJ Cleveland Electric Ry... . Con 5s 1913......... M&S Columbus (Ohio)—Stock Con 5s 1932.......... JAJ Cro88t’wn-lBt5s,33J &D Consol Tract’n (N J Lake St. (Chlc)Elev-Stock 1st 58 1928............JA J Louiav St Ry—5 p c bonds )—See 2 Aug 5 Sep 27%Sep 85 May* Aug 24lkSep 41%,J‘1V OOkJ’ly 37k May 60 Nov 29kApr 50 Aug 22 May 70kMar 40 J’ly 38 Apr; 49%Aug 96 Aug 52 Deo 60 Aug 22 Deo 8k Apr SkNov 24 Jan. 830 Deo 91 Nov 152 Jan. l k J ’ne 8 Apr Gl%Aug 2k Deo 17 May 65 Apr 6 Apr 37 Feb CkMay 50 Apr 10 J’ne 50 J’ly 97 Jan. 75%May m • These are bid and asked prices ; no soles on this day. O U T S ID E S E C U R IT IE S 15%Aug36 Aug' 44 ^l m U kSep 9k Sep 24kSep 112 Auc6k Jan 29 Jan 4%Aug8 Sep Sep 21%Feb 88%Feb 109k Sep 10 May 23k Aug 3 May 13 Aug SikM ar 90 Sep 8kApr 45 Aug. m i 14-kDec lOIMJan. 132k Sep 97 Feb 115k Aug 28%Ma.v 41kSbP vtH m IgiX SOkDeo 70k'Oct 172^ Aug 12 Sep 20kS©p 57k Sep 35%Sep 185 Jan 25k Sep OlkDec L22k Dec 9%Sep 64k Dec 20 k Sep 9 Aug 59%Dee 27kD»c 7 I4%gep 30 Sap 87kO«t 125 Aug 23k9ep 12kSep 38%Sep 15 Aug. 173 Deo 26kOot S%Oet 16k Aug. 85 Jan 137 Sep m L 110 Sep 109kMar 159k Sep lOOkJan 121kSep 85kJan 94 J’ne 67k Feb 90%Au£> 100 Feb 115 Aug > m m m » 3 « A dr 147k Feb 165 Oct 9kMay 26kSep 52k'Fe-b 80kSep 2 m Dec 27 J’ly 100kJan 119kNov 38H 32 H [You LXVII, SlkAug. 6kAug> 10%Jan 39kSep 340 Mas' 97%Deo 185 Sep 4k Aug, 13 Aug OSkJan 1194 Jau SSkSep 80 J’Jy9 Aug 48 J’ly 1Ok Aug. 72 Sep 25k Jon 7OkJan 80 Dec* 90%8ep I Lowest is ex dividend. STREET ’RAILW AYS, &o Ask. 63 102 61 100 51 102 un* list. 13k 89 100 S t r e e t R a li% v n v a . la>vo Elect True (Cnic?.. Iiynn& B os-lst5a'24.J1i;r Met.rop West Side (Chic) Bid. Ask. §104k 105 3 55 § 53 8 New Orleans Tr—Com.... " ' i " 5 Preferred.............. . Notes 6s 1904 .. 220 228 North Chicago—Stock. 1st 5s 1906-16........T&J §104 105 13 11 No Shore Tr (Bost)-Ooni. 77 1 *: Preferred........ . Buyer pays accrued Intere st, 75 $ 1 S ept . 3, 1898.] BONDS. £5 W .Y.STO CK E X C H A N G E ■St W e e k E x d in q S ept . 2, A T H E C H R O N IC LE.—BOND PRICES (5 pages) PAQS n Frice Week's Friday , R ange or Sept. 2. L a st Sale. BONDS. Range S3 Jan. I 00 fro m1. ,Bid. A sk. Low. H igh. No. Low. High Frice F riday, Sept. 2 . N .Y . STOCK E X C H A N G E W e e k E n d in g S e p t . 2. M-S M-8 Bid. Ask. 469 Range fro m Jan. 1. Low. High. No. Low. H igh Ches A Ohio—(Con.)— kron A Chic Jnc. See BAG. Gen gold 4%s.............1992 87% Sale 87% 90 iabama Cent. Sou Ry.! ! 93% 93% Registered.............. 1992 Alabama Mid 1st gu .1928,M -N * 92% 95 91 93% R A A Div 1st con g 4s.l989 J - J *103% ! 104" 104 Albany A Susq. D A II. ! 2d con g 4s............. 1089 J - J 90 Aug’98 Allegheny Val. Penn Co. Craig Valley 1st g 5s.. 1940 J - J 95% May’98 Am Dock & I. Cen of N J. 88 89 88 90 Warm Spr Val lstg 5s.l041 89 81 Ann Arbor 1st g 4s...... 1995 Q-Jt 94% 95 Eliz Lex A B S gu g 5s. 1902 94% Sale 85 103% 103% 96% Atch T S Fe gen g 4s .1995 A - O 89% Mar’98 89* 89% Chic A Alton sink fd 0s. 1908 Registered.............. 1995 A - O 113% Apr.’98 71% 73% 72% Sale Lou. A Mo Riv 1st 7s..1900 F - A 105% . 53* 73% Adjustment g 4s.......1995 Novt 108 J’ne’9S 2d 7s.......................1900 M -N 107% . 107 J’ly ’98 Registered.............. 1995 Novt Miss Riv B 1st sf g 0s.. 1912 A - O Equip tr ser A g 5s.... 1902 J - J Chic Burl A Nor. C B A Q. Chic A 8t Louis 1st 0S.1915 H - 8 115 Chic Burl A Q—Con 7s.. 1903 J - J 110 116 Atl Av Bklyn imp g 5s. .1934 J - J 99% Aug’98 Sinking fund 5s......... 1901 A - O 104% . 95 99% 105 Aug’98 Atlan A Danv 1st g 5s. .1950 J - J 97% 99 110% 109% 110% Debenture 5s............. 1913 Atlanta A Char. Sou Ry. Convertible 5s............1903 M -S 117 118 119% 120 Austin N W. So. Pac. i Iowa Div sink fd 5s... 1919 A - O at Creek AS. See Mich Cen1 111 Aug’98 , 115% 114% A tig’98 4s...........................1919 A -O 100 118% 102 Aug’98 alt A O 1st 6s Pkbg Br.’19 A - 0 , 115% 113% Aug’98 Denv Div 4s.............. 1922 F -A 113% 114 101% Aug’98 Trust Co. ctfs. of dep....... 118% Aug’9S 4s............................. 1921 M -S Gold 5s ........... 1885-1925 F - A 118% . 80 118% 100 Aug’98 Chic A Iowa Div 5s.. ..1905 F -A .........100% Coupons off......... .......... •.............. 111% Aug’98 101% Sale 100 Nebraska Exten 4s.... 1927 113% Registered..... 1885-1925 F -A , 20 95 112% 113 Registered...............1927 90 113% Speyer A Co. certf of d e p ...... .... 97 May’98 Han. A St. Jos con 6s..1911 123 Aug’98 Trust Co ctfs of deposit.......... 114 117% Aug’98! Chic Bur A Nor 1st 5s.l920 A - 0 .......I l l 97 117% 110% Aug’98 Consol gold 5 s ......... 1988 F -A , .... 110 Aug’98, ••• 103 116% C hicA E IU -lstsf cur 08.1907 J - I) 115% 116% 114% J’l y ’08 Registered....... .....1 9 8 8 F -A .... 116% Aug’98! ... 97 116% Small................. .....1907 .J- D J P M A Co ctfs of dep..........: .... 100 Aug’98 Balt B’lt lstg5smtgu.1990 M -S .... 84 101 132" Aug’98 1st con g 6s................1934 A -O *180’ General con 1st 5s....1937 M -N 100 10S 108 108 W Va A P 1stg 5s..... 1990 A - 0 .... Registered............. 1937 M -N Monon Riv 1stgug5s.1919 F - A .... 100% J'ne’98 104% Aug’98 105% 105% ChicAIndCRy 1st 5s. 1936 J - J 102% . Cen Ohio R lstc g 4%sl980 M- !■* 103 99 104% Chicago A Erie. Erie. Col AClnM Istext4%sl930 J - J .... Ak AC J I8tiutgug5s.l930 M -N ................ 1105 Aug 98 • 105 105 Chic Ind A Louisville— 105 Aug’98 Louisv N A A Ch lst0s..’lO 115% J’ne’98 100 105 Coupons off............................ 102%.... J *114 01 107% J’ly ’98 Chic Ind A L ref g 5s. .1947 Pitts A Con 1st g 4s.. .1948 J - J ............ 92 Aug’98 105%107% J B A O S Wistgug4%s. 1990 J - J *101% 103 102 Aug’98 j • Refunding g 0s.......... 1947 107 Aug’98 98% 103 J 00 J’ne’97 • B A O SW Rycong4%s 1993 J - J ............. Chic Milwaukee A St Paul— 27% J’ne’98 . 1st luc g 5s ser A . .. .2043 Novt 1st 7s $ gold R D....... 1902 J - J *151 147 Aug’QQ 27 27% Rarw*« H *2043 Dect * 9 J’ne’98 • 8% 1st 7s £ gold R D ... .1902 J -J 8 Series B..................2043 145 J’l y ’98 1st Iowa A D 7s......... 1899 J - J B A O S W Ter Co gu g 5s.*42 M -N Ohio A Miss 1st con 4s. 1947 .1 - J 141 Apr.’98 105 Aug’98 104% 105% 1st C A M 7s...............1903 J -J 151 22% J’ly ’98 150 Aug’98 120 % 122 % Chic Mil A St P con 7s. 1005 J - J *151 2d consol 7s............ 1911 A - 0 151% 151% 106 1st Spr’gdeld Dlv 7s. 1905 M-N 100 Sale 1C0 1st I A D Exten 7s.. ..1908 J - J 152 ' 102% 108 1st Southwest Div 6s. 1909 J - J 117 Aug’98 1st general 5s......... 1082 J - D 110 M ar’98 1st La Crosse A D 5s.. 1919 J - J Beech Creek. N Y CAH . 118 1st So Minn Div 0s... .1010 J - J 118 Sale 118 Bel A Car. S t L A r i tl.1 1st Hast A D Div 7s... 1910 J -J *128% 180% 128 Aug’98 Boonev Bridge. See 31 K A T. 109 Oct.’97 5s...........................1910 J - J Bway A 7th Av. See Met S Ry. i 118% J’ly ’9S 112 J’l f ’98 •• j 112 113 Chic A Pac Dlv 0s......1910 J - J Bklyn City 1st con 5s 1910-41 J - J 94 Bklyn El Tr Cocf Istg0sl924 ........ 94 Sale ! ! 79 Chic A P W lstg 5s....1921 J -J 117% 117% 117% Aug’98 94% 114% Aug’98 80 J’ne’98 •• 80 80 Tr Co ctfs 2d g 5s..... 1915......... .... Chic A Mo Riv Div 5s. 1920 J - J 08 May’98 •• i 08 Mineral Point Dlv 5s..l910 J - J 110 111 107 M ar’98 08 3d Instal pd.................... ....... .... 70% Dec’97 112 Apr.’98 Chic A L Su Div g 5s. .1921 J - J 8 A BBT Cocfs lstgug5s’4 2 ...... .... 114 J’ne’98 Wis A Minn Dlv g 5s. .1921 J - J *113% . 3d Instal pd............................. .... Dn ElTrCocfs lstgug0s’37 ...... ....... 94% 93% Aug’981 113 J’l y ’98 80 04 Terminal gold 5s.......1914 J - J 127% Jan.’98 Bklyn Rap Tr g 5s........ 1945 A- O 105% Sale 105 Far A Sou assu g 08.. .1924 J -J 106 91 100 106% May’97 Cont sink l und 5a......1916 J - J Bklyn A Montauk. See L Isl. 112 114 112 Aug’98 Bruns A West 1st g 4s.. 1938 J - J ............... Dak A G t Sog 5s....... 1010 J - J Gen gold 4s series A .. 1989 J-J§ 105%...... 105% ' 105% Buff N Y A Erie. See Erie. 105% Feb.’98 107% Buff R A Pgen g 5s......1937 M -S *104 105% 105 Registered.............. 1989 !-J5 104%108 Debentui^ 0s...........194 7 J - J ; ................. I...... 120% 121 120 M ar’98 Mil A No 1st M L 0s. .1010 Boch A Pitta 1st g 0a..1021 F -A 123% 128% 127 Mar’98i 121 Aug’98 1st consol 0s............ 1913 J - D ....... 121 127 127 Consol 1st 0s..........192v J - D 123 ....... 123 123 I 122 124% Chic A Northw—Con 7s.l915 F .......143 142% Aug’98 ......115 115 Aug’98 Apr* 97 Cl A Mah 1st gu g 5s. .1943 .1 - J *120 ....... 103 Gold 7s..................... 1902 D 114% Aug’98 Buff A Southwest. Sea Erie. Registered...............1902 J - D ....... 115 Buff A Susq 1st gold 5s.. 1913 A -O ........................ 124% Aug’98 Sinking fund 0s.. 1879-1929 A -O 115 J’ly ’98 Registered................1913 A- O .................i-----Registered......1879-1929 A - O Bur C R A N 1st 5s....... 1900 .1 -1) * 100 % ....... 107 111 Aug’98 107 Sinking fund 5s. 1879-1929 A- O ♦ 110 104%109 Con 1st A col tr g 5s... 1934 A - O *10e>%.......107 107% J’ly ’98 J’ly’0t Registered......1879-1929 A -O 100 109 Registered............. 1934 A - 0 ................. .. Sinking fund deb 5s... 1933 M-N 118% 119 119 Aug’98 M A S t L 1st gu g 7s.. 1927 J - I ) ...................... 117 M ar’98 Registered...............1933 M -N C R I F A N W 1st g 0s..’201A -O 107 ....... .108 Dec’97 109% :09% 25-year debenture 5s. .1900 «■ N 109% M ar’0H Jan.'98 1st gold 5s................. 1921 A -O ................ 105 Registered............. 1900 M-N 105 105 anadaSouth 1st 5s...l90H|J - J *108 108% 109% Aug'98 110 Aug’98 80-year debenture 5s.. 1921 A - 0 ,107% 111% 117% Feb.’OH 2d 5s..................... 1013 <*1-8 *107 110 109^6 110% Registered.............. 1921 A - 0 :105 111 105% Aug’98 Registered................ 1913 M -S I ---’ 106 Jain’97 Extension 4s.... 1886-1920 F -A 103 J’ne’98 CarbAShawu. SeeStLAATH. Registered......1880-1926 F- A Carthage A Ad. SeeNVCAlI., 103% 108% Gen gold 8%s............. 108' M-N C R la F AN. See B C R A N. Registered.............. 1987 Central Ohio. See Balt A O.—; Bscan A L Sup 1st 0s. .1901 Cen HR A Bkg Co of Ga.— Des Mo A Minn 1st 7s. 1007 F -A Collateral gold 5s....... 1937 M-N Iowa Midland 1st 8s... 1900 A -O 87 93* 92% J’ne’98 CentofOa Ry—ls t g 5*..1945 F-A4 Winona A St Pet 2d 7s. 1907 M-N 114% J’ue’98 114 119* Registered.............1945 F-At MU A Mad 1st 6s....... 1905 M- 8 90% Sale Consol gold 5s........... 194 5 M-N 90% 84% 92% Ott C F A St P 1st 5s..1909 M 90 Registered............ 1945 M-N North lUinots 1st 5s... 1910 Sale 9 1st pref Income g 5g. ..1945 Oct.*| 42% oa.« Mil L S A W lstg 3s.. 1921 30 41 44% ^ 2d pref Income g 5s— 1945 Oct.*' ....... 13 Convertible deb 5s.. 1907 14 Aug’ 10 % 15% 113d pref Income g 5s....1945 Oct.* 6 7% 0% Aug’98 Ext A Imp 8 f g 5s.. .1020 4% 8 * fid A N Dlv lstg 5s....1940 J - J * 90 ....... 92 Jam’98 92 02 Mich Dlv lstgold 03.1924 Mobile Dlv lstg 5s....1940 J -J * 95 ....... 90 J’ly ’98 95% Ashland Div lstg 0sl925 Mid Ga A Atl Dlv 5 s . 1947 J -J ....... 90 Incomes................. 1011 Cent of N J—1st con 7s. 1899 Q-Jt 108%....... 103 Aug’98 108 104% Chic Rock I A Pac 0s.... 191 1st convertible 7s......1902 M-N ................. 113% Dec’07 Registered............. 1917 Convertible deb 6s.... 10Oh m -N ................ 112% J’ly ’98 i 10%112% Debenture 5s............. 1921 General gold 5s......... 1987 J - J .........114% 114 Registered............. 1921 114 109%115 Registered..............1987 Q-Jt *118% 114% 113% Aug’98 108%114% General gold 4s......... 1988 Leh A W B C oon as78.1900 ____ Q-M)■ 99% 100 101% 101% 00% 103% Registered......... 1988 — -*1 -i v 5b ..........................1912 (M-N 91 J’ly *98 90 93 Des M A Ft D 1st 4s.. 1905 Am Dock A Imp Co 5s. 1921 J - J 118% Aug’98 110 110 1st 2%s.................. 1905 N J South lnt guar 6a. 1800 J - J •102 Extension 4s.......... 1905 Central Pacific— K eokA D esM 1st 5s.. 1923 Speyer A Co ctfs dp A .1898 ...... 108 103 103 Feb.’98 Small............................. Speyer A Co ctfs BCD. 1899 ...... 103 103 Chic A St L. At T A 8 F. 103 Feb.*98 Speyer A Cocttsdep E.1900 ...... Chic St L A N O. 111 Cent. Speyer A Co ctf FGHI. 1901 ...... i Chio 8t L A Pitta. Pa Co. San Joaquin Br g 0s. ..1900 A -O 104 102%105 102% J’ne’98 Chic St P M AO oon 0s. .1930 Guaranteed g 5s........ 1939 A - O Ch St P A Min 1st 0s. .1918 Speyer A Co eng eta.......1....... 1 ................ Nor Wisconsin 1st 0s..1930 Land grant gold 5s----1900 A -O *102 ...... 102 M ar’98 100%102 8t P A S a t y lstg 08.1919 C A O Dlv ext g 5p,,.,19l8 J - J *102%...... 101 Jan.’98 101 101 Chic Ter Transfer g 4s ..1947 Western Pacific g fin. 1890;J - J | 102 ...... 104 J’ne'98 101 104 Ch A West I 1st s f g Os.1919 No of Cal 1st gu g 0s.. 1007; J - J 108% Sale General gold 0s.......... 1932 100 Guaranteed gold Os.1938! A -O ............... 103% 103ii Chic A West Mich Ry 5s. 1921 OentWaah 1st gdstrctfsl939!...... j ............... 40 Feb.’9t 40 Coupons off...............,1921 Charles A Sav 1st g 7s.. 1936 J - J ............... Olu H A D con s f 7s... .1905 119 J’ly ’98 118 120% Ches A O—g. 0s ser. A ... 1008 A-Ot ....... 1 2 u 2d gold 4%s............... 1937 115%120% Gold 0s...................... 1911 [A -O V 122% Cia D A I 1st gu g 5s. .1941 120% Aug’98 l.t cons ...............1B8H M-N 115% 110 81 111 117 0 I St L A C. CC C A St L. 1989 M -N Registered........ 113 114% Olu S A C . 114 Feb.’98 C C C A St L. & Seeg.. See See See M-S M-S M-N See B M-N See See & M-N M-N M-S % ioi% See ici* 73% 90 99" 105% 90 94 95 99% 97% io T ' 112% 113% 107 111 107 107 113%118% 103%107 104% 110% 104%121% 109%111 98 104 O'? 101% 99 100 95%101% 97 97% 119 128 105 110% 114% 110% i‘22" 182" 101% 108% 101 106% 100%109 112 80 96 • 140 115% 92 107 147 See See 9iH\ C 42«S See See See To* ft Ht See See No price Friday; these are latest btd and asked this week, t Bonds due July, t Bonds due Nov. O U T S ID E - S E C U R I T IE S (Given at foot of See Bid. Ask. Exch 1st, • 15 96 98 5108% Y Stk 100 5101 5111 320 w go Bid. |Ask. S treet K a llw n m . G an Secu rities. Prov * Pawt’ck-lst5s ’38 5105 100 West End— Boston Worcester (Mass)Tr-Com 81 Rlchm RyAElec-lst 5s’20 5 78 Preferred........ . 11% 93 ICO Con 8. 1980........ AJcO Scranton Traction...... 50 t 12 15 N E W FORK. 1 0 0 % 107% , Central Union Gas— 1st 5s 1927........... JAJ 59 Bo Side El (Chic)—Stock. 60 Twin City R Tr—Com.... 10 20 I Con Gas (N Y )—Stock—N , Deb 5s 1908..........MAN Eqult Gas......... ....... 72 Un’d TrAKlec(Prov)-8L’k 70 1st 5s 1«33 ......MAS 5108 109 1st Os 1899.......... FAA 95 95% I Con. 5sl932.......... MAS Oon 1936....... ...MAN I Mutual Gas............... || Bonds due June. 7 consecutive 102% 116 335 i T Bonds due Jam pages).— QAS G a s S e cu ritie s. New Amsterdam Gas— N Y A East River Gas— 1st 5s 1944............JAJ Consol 5s 1945..... JAJ Nor Un— lBt 5sl027........... MAN 1st 5. 1980...... ..MAN $ Bonds due May. SECURITIES, &c. Bid. Ask G a s S e c u ritie s . BROOKLYN. 29% Brooklyn Ua Gas—N Y St ock E xoh. 1st con 5s—N Y Stock Exch. 71 Williamsburg Gas—1st 0s 5101*6 102* 102 OTHER CITIES. Balt. List. Consolldat— 1 1 0 % 112 Baltimore Bav State Gas—N Y Stock Exch. 108 109 Incomes.................... Boston UnltedGas Bonds- -Bosto nList 95 90 Buffalo City Gas—Stock.. 23V6 2 4 « let 5s 1947..........A&O 5 95M 98* 186 140 150 155 ner sh *»re . *110 119 Bid. Ask. 29 70 5101 Se e THE CHRONICLE.—BOND PRICES (5 pages) r aQE a. 470 R ange \ | P ol. OXVIl.fe' Price Week's | | g j R ange BONDS. ! BONDS. ! 51 from F riday, R ange or g-gi /Vidov, 1 R ange or )§*<$ rom H.Y. STOCK EXCHANGE i t Sept. Jaiu 1. , i N .Y . STOCK E X C H A N G E ; i C | Sept. 2. L a st Sale, < j A an. 1. *2, I Last Sale. ^ --------- ------W E S . 2. i ■ WrtK JEsw sg SKfT, 2. -•Bid, ,---------------- !---------------- T 'TTBid. Ask. Low. B i a h A ik . Low H ig h fio . Low. High\ [ Low. H igh lint A Pure M g fi»., ,.1920 A - Of 115 117 Aug'98 110 117% IV l« 1 W'wfc'j t5*5 cq cq eek 0 t r * 8 Ky B a lt 1 st « 5 s .lM S :J U ftarfleld A M ah. S f t B i,A i’. g C: A U f es * 2<1 #s..l«S0 F- A " 7 5 " 70 Ang’OS C A C « l IH 5s tr reu... 1 WI’T J - J * 83 J’ue’OH .... 90 0 C C- A St L—lieu « 4*,. JOOS J - D • 82 90 Aug’98 •••• Cairo Dir 1st gold .198# J - J M-N IO0 1 10 100 M- N 0C Mar'98 Registered. M- b* * 00 8pr i Col Div J - J * SO 67 90 87 ! 1 00 90 90 1 Cln W A: M Dir l st g 4s. 1991 J - J 99% M'ay’OSj •••• Clo i St L C lstg 4a.l03f O-M 101 O-Kt M -N ::::: ■ — ■ J -.1 11*4** Oct.*'97 Cin S Cl con 1st g 5sl_. 107% Feb’97 Ind B! at W 1st pf 7#.. 1900 .1 -J OInd at W 1st pf 5s.. .1988 Q-Js Peo & East 1st con 4s, 1040 A - O 799^ Sale 21 Sate Income 4s.*. 1 9 9 0 A p r 01 G 0 <feInd lets f 7s... 1899 M -g l o ; % ...... 104 Aug'98 130 ...... 135% J'iy’98 Consol 7s.a............... 1 9 U J - D Consol sinking fd 7s..,1914 J - 0 130 ..... General oonflolgold Os. 1934' J - J 125 ..... IS T Jt M ay"98 Registered............ 1934, J - J 107% OcL’97 CAS 1st M C CC & 17s. 190l A - 0 103 May’98 Cl Lor it Wh eon 1st 5 5 .1 9 3 8 A - O Clev A MariettaPa RR.! , Cler Ac Mahon Val g 5s.. 1938, J - J 120 Registered............ 1938 <Ju-J OiOT A Pitts. Penn Co. | 57 C01 Mldl’d— 1st g2-3-4s. 1947 J - J 6 1 Sale 73 65 73 Sate 1st g 4 s ................. 1047 J - J Col A 9th Av. Met St Ry. Colnm A Greeny. So Ry. 75 OcL’97 OoJ H V t Tul—Con K 5s. 1881 M - S 79 70 79 Sale J P M A Co eng cfe $85 pd. ** ... General gold 0s..........1994 J - D 57 00 61 Feb.’98 40 ...... General lien gold 4s... 1096 J - J Registered............. 1996 J - J Col A Cln Md, B A O. Col Conn A Term. NA W Conn A Pas Rlvs 1st g 4s.’43 A - O ak A G t So. C M A StP. alias A Waco. Sf«M KAT. Del Lack A Western 7s.. 1907 M _ 122 Apr.’98 126 J’ly ’98 8yr Bing A N Y 1st 7s. 1906 A - O 124 Morris & Essex 1st 7s. 1914 H -K 140 Aug’98 7b .......................... 1900 J - J . 106% 109 NOV’9^ b...................1871-1901 A -O 112 107 107 139 J’ne'9l 1st con goar 7s.......1915 J - D *112 Registered........... 1015 J - D 136% J’ly '98 N Y Lack A W 1st 6s.. 1921 J - J 118% Nov’07 Construction 5s......1023 F -A Warren 2d 7s.,.......... 1900 A - O 108 Aug'98 Del & Hod 1st Pa DIv 7s. 1917 M -8 142 ..... 145 Aug’98 143 May'97 Registered..... ,...,.1917 M -8 Alb A S .6 1st con gu 7sl906 A - 0 125 125 Registered.............. 1906 A - 0 115 J’ne’98 Gold Os,...............-..1906 A - 0 117 Feb.’98 Registered............1906 A - 0 Rene A Sar lst7s.......1921 11-N 148% Aug’97 Registered............. 1921 M -N 141 May*98 Del Rlv HR Bge. Pa RE. Den Con Tr Co 1st g 5s..1933 A -O Den Tram Co con g 68.1910 J - J Met Ry Co 1st go g 6s. 1911 J - J Den A RGr 1st gold 7s.. 1900 Ill ..... 111% 111% 97 97 98 1st con g 4 s . , 1986 J - J Improvement gold 5s. 1928 J - D Dea M A Ft D. C R 1 P. Dea M A Minn. Ch A N W. Des M Un Ry 1st g 5s... 1917 M -N ♦103 ..... 99% J‘ne’98 DetMATol. L S A M So. D 87 Det A Mack 1st lien g 4s. 1995 D 55 Gold 4s..................... 1995 107 105% 106% Dnl A Iron Range lBt5s.l987 A -O Registered................. 1937 A -O 2d lien mortgage 0a... 1916 J -J Dal Red W A S 1st g 5s. 1928 J -J 92%Feb.’98 Dnl So Shore A A t g 5s. 1937 J - J . 112% 112% 112% ast of Minn. StPMAM. a s t T Y a A G a . Ses.SoRy, B i s Lex A B 8. C A O. Him Cort A No. SeeLebANY. 113 J’ly *98 Mrie 1st ext. g 4g....,,.,.194r M -N 118 i 2d ext gold 5a..,,,,.,.. 1919 M -S 119% Aug’98 8d ext gold 4%s.,...... 1923 M -S 113 Aug* 98 4th ext gold 5s..........1920 A -O 117 J’ne'98 5th ext gold 4s........ 1928 J - D U 0 2 , 104% J’ne’98 litoonabl gold 7s......1920 M -S 140% 145 Aug’98 140 May’98 ; ‘1st consol gold fd 7a. .1920 M -S • Long Dock con gold 08.1935 A -O *137 189 138 Aug’98 183 J’ne’98 BuffN Y A Erie 1st 7s. 1910 J - D 1 ,Bnff A 8 W gold 0 s....1908 J - J ♦ i i o “ !!.'!! l Sm all.......... ................. J - J 100 Feb.*98 . Jen RR 1st gu gold 5a.l909 A-O) Chic A Erie 1st g 5s... 1982 M -N l l lt g gale 111% 112% Coal A RR 1st c gu 08.1922 M -N ►100 ...... Dock A Imp 1st cur 6h. 1013 J - J “ N Y A Green Lgug5s.l940 M -N 105% 0<Jt/97 _ Small........ ...................... Hrle 1st con g 4a pr bda .1990 J - J 93% ■03" *93% 38 Registered....... . 1996 J - J liteon genbeng 4s....1990 J -J 73 Sale "72% ' 74% Registered..... ..1096 J - J N Y BA W —1st ref 5a. 1037 J - J 108 108 92% Aug’98 2d gold 4%a..................... 1937F - A General g 5 a ...,.,,,. 1940 F- A 89% 809 Terminal latg 5b. . . . 1943 M -N 109% J’ly ’9' Regis $5,000 each. 1943 M -N WllkA Eas 1at gu g 5b1942 J - D 99% ■ 100 Aug'98 Mid RRofNJ 1st g 6s 1910 A - 0 , 124 120% Aug’98 ■■can A L Sup. C A N W. 00 05 Huroka Springs 1st g 08.19331 F - A 05 Nov’9 114 J’ly ’98 fcv A T II 1st cqu 08..... 19211.7- .) 85 89 80 Sale let general gold 5a,...1942 A - 0 90 M t. Vernon 1st 0a....... 19231A - O 75 ..... gull CoBr’ch l8tg5s..Ui30;A-O EvAIndlstcongu g 6s..l020 J - J 88 92 89%J 11 FlWKO & Bo. Ch M * St p j A». X A 7929 2 See See H See See See See D See 7 114 US ♦i'32% 115%. See N See See See 97% 94% Aug’08 & See See E n ii’ . 107**I!!!! *89 *!!!" See Set OUTSIDE SECURITIES F 7SH 82 00% 100 03 a G h See See See See See e Sec H I 95 95 05% Aug'98 105 Mar'98 7* % 78 62 02 96 103 92 97 Aug’97 J’Jy *08 04 94% VP IP Ask. 78 103 List. 95 75 00 83 102 5 50 4 7 i Bernla due April. 85 83 87, ICj 05 95% 105 105 79% 54% 64 05 88% 97 12 92 92 88 94% ! 109%115 ; 108% 109% 105 105 101 102% 109% Aug’98 109% J *Iy *98 105 Mar’Ui102% Apr.’98 1 st gold 8s s te r lin g ,,., 1951 M -S R eg istered .....................1951 M - 8 Coll T ru st gold 4 s ........1952 A - 0 102 ....... 102% J’ly ’98 R e g iste re d .....................1952 A - 0 ............. 103 Apn’08 L N O & T ex gold 4s. .19 5 8 M -N .......102% 101% 101% R e g iste re d .....................1953 M -N 101 Mar’9* 58 61% 99 Sop.’97 Coll tr 2-10 gold 4 s .... 1004 J - J 05 73 R e g iste re d .....................1901 J - J W estern L ine 1 st g 4 s.l9 5 1 F - A 103 103% Aug’08 R e g is te re d ..................1951 F - A "9 4 " "9 4 " L ouisville D iv g 3% s ,19 5 3 J - J »2 M . R e g is te re d ...............,1 9 5 3 J 80% 80 Aug'98 S t L ouis Div g 3 s ........ 1951 J - J R e g is te re d ...................1951 J - J Gold 3% s.......................1951 J - J 94% . 94" "94 % R e g is te re d ___. . . . 1951 J - J C airo B ridge gold 4s. .1950 J - D R e g is te re d ......... 1950 J - D M iddle Div reg 5 s ........1921 F - A Spring D iv 1st g 3 % s.l9 5 1 J - J 122 128 R e g is te re d ...................1951 J - J 125% 126 C hic S t L A N O g 5 s ..1 9 o i J - D 123 Aug’98 137% 144 R eg istered ...................1951 J - D 118% Apr ’01 G old 3% s...................... 1051 J - D 107 118% R eg istered ........1 9 5 1 J -D 136 142% Mena D iv 1st g 4 s .... 1951 J - D 108% Jan.’98 R eg istered .................1951 J - D 130% 138% B ellev A C ar 1 s t 6 s . . . . 1923 J - D n e S t L Bou I s tg u g 4 a ... 1931 M -S 00 "o d " NoV’O? 108 108 C arb A S l e t g 4 s ..........1932 M -S 89 143 145 In d B1 A W . See C C C A S t L. 120% 125% In d Deo A W 1 s tg 5 s .. ..1935 J - J * 10 1 % ....... 101% Aug’98 In d 111 A la 1st gold 4 s .. 1980 J - D ►96 ....... 86 Jan.’98 1 st e x t gold 5 s ................ 1943 M -S ♦106 ...... 110 118% I n t A G t No 1st gold 6s. 1910 M -N ....... 124 120% Aug’98 117 117 91 2d gold 5s..........................1900 M -S 87 Sale 87 3d gold 4s........................1 0 2 1 M - 8 56 60 56% 58% 141 145 Iow a C entral ls tg o ld 5s. 1938 J - D 104 Sale 104 104 Iow a M idland. S ee Ch A N W . Jefferson R R . S ee E rie. R . See L S & M S . K alan AAAMGich. See T ol A O C. 108 111% 87% 9?% K C A M R&B 1 st g u g 58.1029 A -O 77% 78% 76% 78% 85% 94% K C P A G 1 st A col g 5a. 1923 A - 0 K an 0 A P ac. See M K A T. K ansas M id. See S t L A S F K entucky C ent. See L A N . 97 100 K eok A Des M. See C R I A P. K ings Co El se r A lB t g 5a ’25 J - J 57% Aug’98 F u l El 1 st g u g 5s s e r A .’20 M -8 45 49 J 'ly ’98 104 110% K noxville A O hio. See So R y. rie A W 1 st g 5s. 1987 J - J *116 116 Aug’98 L ake2dEgold 5s.................,.1 9 4 1 J - J *103 104 Aug’98 N o rth O hio 1 st gn 5 s .. 1945 A - 0 103% 101 Aug’98 92% 92% 101 112% L ak e S hore A M ich SouthD e tM o n A T o l 1 st 7s. 1906 F - A 121 Apr.’OR L ake S hore d lv ld 7 s ... 1899 A - 0 108% . . . 104% Aug’98 Consol 1st 7 s ........ ...1 9 0 0 J - J 105% . . . 105% Aug’98 R eg iste re d ............... 1900 105% 106% 106% 100% Consol 2d 7 s . . , . . , , . . 1903 117 117 112 110 R e g is te re d .. . ......1 9 0 3 J - D 115% .T’ne’98 110% 119% G old 8% s.......................1997 J - D .... . 106% 100% Aug’98 108 113 R e g is te re d .. . . . . . . ,1997 J - D 106% Sale 105% Aug'98 118 118 CinASp 1 s t g u L SAM S 7s 01 A - 0 104%105 108% Deo *07 K A A G R I s tg u c 5 b. 1938 J - J 188 147% M ahon C oal R lt ls t 5 s .’34 J - J 125 Deo’97 140 143 L eh Y ai (P a) cob g 5a .1997 M -N 104 Aug’98 183%139 R egistered ................... ..1 9 9 7 M -N 133 138 L eh V N Y 1 s tg u g 4 % a .. 1940 J - J R e g is te re d .......................1940 J - J L eh V T e rR y I s tg u g 5s 1941 A -O 111 111 106 100 R e g is te re d ................... ..1 9 4 1 A -O . Ill 109% J’l y ’97 108 118% L V Coal Co I s tg u g 5 s .. 1933 J - J 02% M ar’08 R e g iste re d .........................1983 J - J L eh A N Y 1 st gu g 4 b . ..1945 M-fc * 90 91 Aug'98 R e g iste re d .........................1945 M -S E l C A N l s t g Ia tp f 0 s .l0 1 i A - 0 84% 94% G old g u a r 5 s.............1 9 1 4 A - 0 101 8©p.*0? 0 6 " '76 ‘ L eh A W likes? b. S e e C e n t N J . L eroy A G aney V al. S ee M o P. 99 108& L e x A v A P F . See M e t S t Ry. 84% 92% L itc h C ar A W 1st g 6 s .. 1910 J - J L ittle R AM em l s t g 5s 1937 ) 83 98 T ru s t Co c e r t f s . ) 109%111% L ong Dock. See E rie. L ong Isla n d — 93% 101 1 st con g 5s........... 1931 Jl 114%121 119% J’ne’98 1 s t c o n g 4 s .................1 9 3 1 J§ G eneral gold 4 s ...........1938 - D 90 90 J’ne’98 F e rry 1st gold 4 % s,. . . 1922 M -8 86% Apr.’9b 112 118 82 89 Gold 4 s ...............................1982 J - D • 01* D e b en tu re gold 5 a ... . . 1034 J - D N Y A R B l a t g 5 s .... 1927 M- 8 100 May’97 2d Incom e...............1 9 2 7 Sep 77% 89% N Y B A M B con g 5&,» 196 A -O 107% Deo’97 at foot ot —Sec See V See Bid. Ask. ! ib is H ecurifles. ( ju s 8 e c ttrb le i. Bid. Consuui Gas (J City)- Stk 75 Ch»rIe4tou (S C) Gas...25 t ...... 18 101 CharUers Valley Ga?-.... Detroit Gus— N Y Stoo k List. Chicago Consumer?) 1st 5s Chicago Gas N Y Sto ck Exjui. Consol 5s 1918 N. y. e x . Cicero Gas Co 1st 6s...... Income 5 « .................. 90 ! ! ! ! ’..: 194 37 j 39 Fort Wayne (ind)—-sto ,'k 70 •jlty Gas (Norfolk V a ).... 1st 0S........ ................ Ut 6s 1025...........JttJ 85 OS 1105 Grand Rapids—-Stock,.... Cot umbos (O) Gas—Stock 85 | 67 80 lsi. 5s 1932............ J.feJ 410-0 ,102 1st os 1015..........FA A 5160% ConcolKlat Gas (Bull) .V# BaR Liist. ■Hartford (C l) Gas . . .25 t 42 Consolld Gaa iJ^J)—Stck 1tidisua Nat A 11) as—Stk 54 18 21 —Sec ept i »t consol gold 6s.... 1939 M-NI 94 Pt Huron Dtv 1st g 5S.1939 A - O• 95 95% Fla Cen A Pen 1st g 5#.,1918:|J - J |*103 1st land kt oxt gold 5s. 1980 J - J Consol gold 5s....... . 1943 !J - J "9 0" Ft S A V B B«t*. BtLASF. I Fort St D Co 1st g 4%s!94 J J - J Ft W A D G—1st g 4-6s.l921. J - I>| 7 7 Sale 80 S8% Ft W A Rio Gr 1st g S-4s. 192* J - J 62 Sale 80 9C% Fulton Hlev. Kings Co KJ.! / ^al Bar A 8 A. S P Co. 98% 101 95% 98 vJftl HAH o f ’82 1st 5S.1013 A - O Ga A /Via Ry 1st pf g 5s. 1945 A - <) ....... 97 Ga Car A No 1st gu g Os.1929 J - J Georgia Pacific. So Ry. Grand Rap & lad. Pa Go. an A St J. CBAQ 70 80 ousatonlo. N V N il AH 14 21 Houst 15 A W T 1 st 58.1033 >1-N94 Bale 102 105% Hous A Tex Con. So PCo. 131% 187 llinois Cent l»t g 4s... 1951 J - J 110% . Regi.Htered...... . 127%127% 1951 J - J 109% . 1st gold 8%s..............1951 J - J Regtstered..............1951 J * ....... 104 «9W 82 68 90% 90 ►No price Friday; those are latent bid and asked this week, t Bonds due August, (G iv es n d in g 100 104 103 103 97%102% 101 101 101 15 105 9m 94% so " so“ 02% ' 04% 115% 123% 103% 103% 97 86 105 104 88 110 78 44 97 123% 92 . 00 105 05 81% 104 99 104 104% 107* 112% 92% 92% 01** ' 92^ 117 120 90 90 85^ 861 j| Btnda due January. ^ Bonds due July. ooSTSecctive pages ).— GAS SECURITIES, &g Bid. Ask. G a s H ecurifles. lilts Seenvlf low. Bid. Indianapolis Gaa—Stock. 1 1 c 125 New Orleans Gas Light.. Ohio Indiana—Stock,.'. 1st 08 1920..........M&N 105 100 09 Jersey City Gas Light..... 100 | Peoples Gas & Coke—N Y Stock Laclede Gas—N Y Stock Kxch. 79 Philadelphia Co.........50 j Lafayette (Ind) Gas—Stlt 75 87 01 Pittsburg Gas............ 50 tl35 1st Os 1924..........MAN 53 New 5h. . . . . . ........... . j Logans pi A Wab Val—Stk 53 105 71 Portland (Me) Gas L ,..GO t 85 1st 8» ilia5 ...........j&)-> 72 90 St Joseph (M o )....... Louisville Gas Light 34 5s 1037................ JAJ Madison (AVIs) Gaa—Stak ' 8(5’ * 130 90 46 1 1st a> Iflit,..........A&O 5 B8« 100% St Paul Gas—Stock....... 1 Memphis Gas................. $ 82 n->* n in AAnr! +T,r!f*P m*r «Vi 51 nu i 05 it. ..... 'IP Ask.” 57 72 Kxch 100 90 38 02 CO 86 ure . THE CHRONICLE.—BOND Sept . 3, 1898.] Week’s Price Range F riday, R ange or fro m Sept. z. L a st Sale. Jan. 1 . B id. A sk. Low. H igh. No. Low.High. PKICES (5 pages) P age 3. S ic i« Bonds Sold. BONDS * . Y . STO CK E X C H A N G E W e e k E k d l s g Se p t . 2. 471 P rice Week's F riday, R ange or Sept. 2. Last Sale. Bid. A sk. Low. H igh. No. » . BONDS. N. Y . STOCK E X C H A N G E W e e k E n d i n g Se p t . 2. See See Kontauk Ext. Long 19. Long Island (Con.) „ _ Bklyn A Mon 1st g 08.1911 M -S Morgan’s La A T. S P Co. Morris A Essex. See Del LAW 1st 5s..................... 1911 M -B Nor Shb lstcon ggu 5s..’32 0 - 0 ash Chat A S tL 1st 7s.’13 J - J *129 ....... 131 Aug’98 . . . . N Y Bay Ex R 1st gug 5s’43 J - J 2d 0s....................1901 J - J .......106 105% Nov’97 1st con gold 5s.......... 1928 A - 0 1 0 2 X ....... 104% 104% 10 Montauk Ex gu g 5s. ..1945 J - J 1st 6 s T A P b ............1917 J - J La A Mo Riv. Chi Alt. L E A8tLConcng5s.l989. 1st 0s McM M W A A l. 1917 J - J 40 Aug’98 .... 32 40 1st gold 6 s Jasper Bch.1928 J - J Tr Co certs.................... ) •v •• ....... 40 9% Aug’97 Nash Flor A Shef. LAN General gold 4s......... 1943 M - 8 N ew H A D . NYNHAH Lou & Nash—Jecel Br 7sl0U7 M - 8 10 2 % ....... 100 Nov’97 N Y Cent. 120% 124% N J June RR. N O & M lstg 0s....... 1980 J - J *123 ....... 122% Aug’98 106 108 N J Southern. Cent N J. 2 d gold 0 s............... 1930 J - J *100 ....... 108 Aug’98 New A Cm Bdge. See Perm Co B H A Nash lstg 0s...1919 J - D *114 ....... 115 Aug’98 :::: 113 117 110 % 12 0 % NO A NEpriorlieng0s.l915 A-07 General gold 0s.......... 1980 J - D *....... 119* 119 Aug’98 N Y B A Man Bch. See L I. Pensacola div gold 0s. 1920 M - S 108 ....... 103% Sep/97 121 J’ly ’97 N Y Bay Exten RR. See L I. 8 t L div 1st g os........ 1921 M - 8 N Y Cent A Hud R 2d gold 3s............... 1980 M - S 105 J’ly ’98 .... 105 105 1st 7s........................ 1903 J -J 110% . Nash A Dec 1st 7s......1900 J - J 116% 117 Registered............. 1908 J - J 116 . Sink fd (SAA) g 6s....1910 A - 0 115% Aug’98 100% Aug’98 94 io i Debenture 5sof. 1884-1904 M -S 108% . S A N A con gug 5s.... 1980 F- A 111 Aug’98 104% Aug’98 Gold 5s..................... 1937 M -N 100%104% Registered ... .1884-1904 M -S 108% . 110% J’ly ’98 8 8 % Bale 8 8 % 90 106 83 91% Reg deb 5s of .. . 1889-1904 M -S 108% . Unified g 4s..... ......... 1940 J - J 109% Sep.’97 Registered.............. 1940 J - J Debenture g4s. .1890-1905 J - D 104% . 105 Aug’98 *106 11 0 103% Aug’98 96% 109 Pens A A tl 1st gug 08.1921 F- A Registered......1890-1905 J - D *104% . 104% Feb.’98 *3 101%108% 104 104 Coll trust g 5s............1981 M-N Debt certsextg 4s----1905 M -N 105 . 104% J’ly ’98 109% J’ly ’98 108 109% LANA MAM lstg 4%s.l945 MRegistered.............. 1905 M -N 104% . 104% J’ne’98 97 Aug’98 87% 98 N Fla A 8 lstgu g 5s 1987 F- A G 3%s........................ 1997 J - J 1 0 0 % . 107% Aug’98 ” *2 85 91 90 91 ....... 90 Kentucky Cent g 4a...1987 «J - J Registered...............1997 J - J 104% J’ly ’98 L Cln A Lex g 4 %s. . . .1 0 3 1 M-N m o x ....... 103 Jan.’98 103 103 Lake Shore col g 3%s. 1998 F - A 94 95 L A Jeff Bge Co gn g 4s. 1945M - 8 Registered............. 1998 F -A 94 Aug’98 Mich Cent coll g 3%s.. 1998 F - A L N A A C. Ses C 1 A L. I 94% 93% 94% .... 109 ila r ’98 Louis Ry Co lstcon g5a. 1930 J - J 103 109 Registered............. 1998 F -A ahon Coal. L 8 A M 8 .1 Harlem 1st 7s............1900 M-N 107 107% J’ne’9* 4 90 95 95% anhattan Ry con 4 s. 19901A - 0 98U Registered..............1900 M-N 107 107% Aug’98 2 117 Sale 117 117% N J June R gu 1st 4s .1980 F -A Metropol El 1st g 0s... 1908: J - J 114X119* ..'108 103 May’97 2d 0s...................... 1899 M -N *103%104 103% Aug’98 .... 101 105 Registered..............1986 F -A Mand W Coloniz g 5s...1934 J - D West Shore 1st 4s gu.2301 J - J 109 110 109% A uk ’98 :::: Registered..............2301 J -J 109% Sale 109% 109% Market St C Ry 1st g 0s. 1918 J - J Beech Crk 1st gu g 4s. 1930 J - J MoK’pt A B V. P McKAY. 108% Nov’97 Metropolitan El. SesManKy.l Registered.............. 1936 J - J 100 J’ne’98 113% 18 108%116% Met 8 t Ry gen o tr g 5s.. 1997 JF - A 113% 8 ale 113 2d gu gold 5s.......... 1930 J - J 120% Aug’98 114% 122%| BwayA7thAvlstcg5s.l943 J - D Registered.............. 1930 J - J Registered............. 1948 J - D Clearfield Bitum Coal Corp ColA9thAv lstg u g 5 s.l 9 9 3 ;M- S* * ..... 124 122% Aug’98 1st s tint gug 4sser A .’40 J - J 116 i'23% 95 J’ly ’98 Registered............. 1993 M- 8 ................... 8 mall bonds series B ..’40 J -J Lex A t A P F lstgu g 5 s.’93 M- S 120 J’ly’98 117" 1*2*3%| Gout A Oswe 1st gu g 5s.’42 J - D Registered....................IM -S *122 ....... R W AOgcon 1st ext 5s.’22 A -0 4 123%. 124% Aug’*98 03 Apr.’98 03 0 0 % Nor A Mont 1st gu g 5s.’10 A - 0 Mex Cent con gold 4s... 1911 J - J lstcon Income g 8 s... 1939; J'lyf R W A O T R 1st gug 5s. 18 M -N ................ Oswe A R 2d gu g 5s.. 1915 F-AI 2d con Income g 3s....1939 J*lyT Utica A Blk Rlvgu g 4s.’22 J - J Equip A coll g 5s....... 1917 A - O 107 Aug’98 76% Sale 70 78% 55 70 Moh A Mai 1st gu g 4s. 1991 M -S Mex Internet 1st con g 4s.’77 M- 8 78>< Mex Nat 1st gold 0s..... 1927 J - D Cart A Ad 1st gu g 4s. 1981 J - D ................ 2d inc 6 s A Cp strapd. 1917 j-Vl-84 N Y APutlstcongug48.’93 _A -O 2d Income gold 0s B..1917! An.4 ................ 13 J’ly ’97 .... N Y A North lstg 5s. .1027! A - O 124 127 123 J’ne’98 N Y Chic A St L lstg 4s. 1937 A - O 106 Sale 106 Mex North 1st gold 0s.. 1910 J - D 97 Feb ’97 106 Registered............... 1910;J - D Registered.................1937 A -O 104 Apr.’98 Mich Cent—lstcon 7s.. 1902 M -N 115 Aug’98 n o 115% N Y AGreenwLake. Erie lstcon 5s................. 1902 M -N *105% Sale * 105% 108% 80 j 102 % 1 0 0 % N Y A Har. N Y C A Hud. 122 Feb.’Os 0s.............................1909 M- S I) L A W 122 123 1N Y Lack A W. 5 ..............................1931 11-8 121% J’ne’98 121 127 N Y L E A W. Erie. 125% Jan.'9H Long Is. Registered......................1931U -M 125% 125%; jN Y A Man Bch. 4s...;........................ 1940 J - J 106 Feb.'98 100 100 |N Y A N E. N Y N H A II Registered............. 1940 J - J 108 Jan.’98 :::: 108 108 104% Oct.’97 N Y N H A Hart lstreg4s.’03 J - D Bat C A Stor 1st gu g 3s '89 J - D Convert deb certs $i,000 .. A - 0 102 100 Aug’98 Mtd of N J. N Y Sus A VV Small cerifs 0100.......... *155 159 155 155 Mil El Ry A L 4U-yr g 5s. 1920 F - A Uousatonlc R con g 5s. 1937 M -N 125 ...... 120%Aug’98 M L 8 A W. Chic A N VV N H A Derby con6s...1918 M -N MU A Mad. Chic A N W N Y A N E 1st 7s.......1905 J - J 120% . 120% Aug’98 MU A North. Ch M A 8 t P 1st 08.................... 1905 J -J 114 . 114 Aug’98 MU A 8 t P. Ch M A 8 t P N Y A North. N Y C A II. Min A 81 L gu. BC RA N, N Y O A W con 1st g 5s. 1939 J - D 107 107% 107 107% Minn A 8 t L— 1st g 7s ..1927 J - D 140 ...... 143 J’ly ’97 Refunding 1st g 4s... .1092 M-S I 99% Sale 99% 102 1st cons gold 5s........ 1934 M -N ....... n o 137 108 100%108% Regis 05,000 only. ..1992 M-Sj Iowa ex 1st gold 7s... 1909' J - D .......128 127 N or’97 N Y A Put. N Y C A H. South West ex 1st g 7s.'10lJ - D N Y A R B. Long Isl. Pacific ex 1st gold 0s . 1921 A - O N Y S A W . See Erie. 121% Aug'071 N Y Tex A M. So Pac Co. M A P 1st 5s st 4sintgu..’86 J -J M 38MAA 1st g 4s lnt gu.’20 J - J North Illinois. See Chi A NW. MStPASSM con g 4s intgu'8 * J - J North Ohio. Erie A W. Northern Pacific— Minn 8 t Ry 1st con g 5s. 1919 J - J Gen 1st RR A L G s f g6s.’21 J - J 112 % ..... 114 Aug’98 Minn Un. 8 t P M A M. 051 | 8 8 H 92% 91 Registered.............. 1921 J - J 113% 110 110 J’ne’9* Mo Kan A Tex— lstg4s. 190O1J -D 89% 130 Aug'98 05% 117 57 2d gold 4s................. 1990 F-A! S tP A N P gen g 8s...1923 F - A 64% 07 X 88 Aug’98 83% 88 1st exten gold 0s.......194 1 M N 127 J’l y ’98 Registered ctfs.......1923 Q- F so 89 14 80 M K A T o fT lstgug5s.’42iM- Wi 37X Prior Hen r A 1g g 4s.. 1907 101% Sale 100 % 101 % 70 100% Aug’98 Registered...............1997 73 70 75« 7!i« 15 71 K O A Pao lstg 4s.... 1990 F- A * 3 % ...... 81 Aug’98 Dal A Wa 1st go g 5s. 1940 M- N General Hen g 8 s....... 204 67% 68% 84X 75 Boonev BdgCogu g 7s..’06 M-Nj ........112 Registered ............. 2047 114 i i a " i i T 114 Tebo A Neosho 1st 7s. 1908 J -D l Nor Pac Ter Co 1st g 0s. 1933 10 I 93X 102 102 102 Mo K A E lstgu g 5a... 1042 A -O , Nor Ry Cal. Cent Pac. 31 1 93 107X Nor W is. 100% Mo Pao—1st con g 0s. ..1920 M- N C St P M AO. 105M 102 J’ne’98 111% A U « ’ 98 .... 103%112 8 d 7s.........................1900 M-N Nor A South 1st g 5s.... 1941 M -N 102 8 BOX 87X (Nor A West gen g 0s.... 1931 M -N 122 122 Aug’98 85 B6 X box Trust g 5s................. 1917 \i-8 t 124 124 New River lstg 6 s.... 1932 A - 0 Registered............. 1917 M-St ......124 78% Sale I 78% Iraprvmt A ext g0s...l934 F - A *110 1st ooll gold 5s..........192o f - A 117% 117% C O A T lstg u g 5s....1922 J -J 105 ...... 101 Feb’97 Registered............. 1920 F -A 100 106 Pao R of Mo 1st ex g 4 s.’3 H F- A 101% 105% 108% Aug'98 Scio VAN E lBtgu g4s. 1989 M -N 89% 89% 85 80 105% 109 N A W Ry lstcong 4s. 1996 A -O 2d extended gold 5s. 1938 J - J 80 Sale 86% 95% 100% J’ly .......’98 Registered............. 1996 A -O Verd V l A W lstg 5a..’20 M -Si Small..................... 1990 A -O Leroy AC V A L 1st g 5s *20 J - J 107 110% Nor A Mont. See N.Y.Cent. BtL A IM t 1st extg4%s.’4? K-Al 107 107 102%107% 2d ext g 5s..............1947 M -N 107%...... 107% J’ly ’98 g A L Ch 1st con 0s..1920 A - 0 95 102 108 Ark Branch ext g 5s. 1935 J - D 106%...... 105% J’ly ’98 Income................ 1920 A - 0 80 1 0 0 % 90 Sale Income small........ ....... A - 0 98% 99% Gen con ry A ld grtg5 s’31 A * 0 80 100 Gen con stampgtdg5s’31 A - O 100 Ang’98 O ln d A W . C C C A St L. Miss HIt Bdge. Chic A Alt Ohio A Miss. See BAO 8 W. MobABtrm prior lien g5s.’45 J - J Ohio River RR 1st g 5s.. 1936 J -D , 104 LOS Jan.’98 General gold 5s..........1937 A - 0 Small............................J - J 85% Aug’98 Ohio Southern 1st g 0s..1921 J - D 90 Income gold 4s......... 1945 J - J 80 General gold 4s......... 1921 M -N Small........... ........................ 8% 8% 8% 118% 123 10 J’ne’98 122 122 Mob A Ohio new gold 0s.. ’27 J -D Eng Tr Co certfa............ 7 9 80 Aug’98 Ora A St L 1st g 48.......1901 J - J 119 Dec ’97 1st extension gold 0S.1927 Q-J* .... 83 70 81 Ore A Cal. See So Pac Co. 80% 81 79 General gold 4s.........1088 M- 8 97% 102 112 Aug’98 Ore Ry ANav ls t s f g 6 a. 1909 J - J .......115 102 . 102% 102 Montgom Dir 1st g 5s. 1947 F - A Ore RR A Nav con g 4s.. 1946 J - D 100 100% 99% 100% Bt L A Cairo gn g 4s .. 1931, J - J Ore Short Line 1st g 0s. 1922 F -A 127% Sale 127% 127% Mohawk A Mai. N Y C A Hi L21 J’ne’98 Utah A Nor 1st 7s..... 1908 ,J - J MonongnhelaR1t. B it 102 May’97 Gold 5g..................192ft) J - J Mont Cent. 8 t P M A M.l See \ & ) See See See See M See H a See See See See See ... Ste See See See See See See. 128 131% i 00 10*5*' 113%119% 113%119 100 112 100 111% 102 105 104%104% 100% 105% 104 105 105% 107% 104% 104% 94 96% 94 95 91% 95 107% 109^ 107%109% 102 % 110 % 101% 110 106 100 95 95 119%124% 107 107 123 100 104 126 107% 104 145 160 145 158% 126% 126% 119 120% 113% 114 100 90 109 102% See See See See L See U See See fr *08% Sate ... .. .. 78% O See See See See ’ No price Friday; these are latest bid and asked this week, t Bonds duo Jan. O U T S ID E S E C U R I T I E S (G iven at foo t o f | Bid. |Ask. H T r ie s . A t- T H n p h . G an 8ecnrlll»i>. Byracu.se Gas—Stock......• 10 % 17% Erie Teieg A Telephone.. 1 yo Franklin.................. 1st 5s 1946...........JAJ 88 Gold A Stock................ jrn Oast Mil w)—Sick; List. Bonds........................ 5s— N Y Stock Kxch Hudson River Telephone Trdeir. & T e le p li. American Dint Tele—NY | Stock Kxch Internation Ocean......... American Tel A Cab—NY1 Stock! Kxch Mexican Telegraph........ Gentrai a South Amer__ , 109 109% Mexican Telephone.... 10 New Eng Telep Best Chen A Poto Teiepb—Stk; 51 | Northwestern Telegraph. Bond Ss 103 ! 1 0*6 Commercial Cable..,, . 180 1185 1N Y A N J Telephone.... 115 II 5s 1920 ............... J&J Commer Union Tel (NY).. 112 lm u ly a * l».. - Gn>* Atlantic . ,1 74 I 70 I) p«r>ier Went Low.High, See l\ See Mange fro m J a n . 1. See —See Bid. Ask. 72 71 50 40 110 113 00 75 73 100 112 200 205 05 00 C2 list 110 115 149 150 110 70 7« 7 112 119% 112 119 124 130 124% 127 90% 101% 93 100% 57 68% 104 114 102 120 118 117 105 125% 124 119% 82 91% 74% 87% See t Bonds due July. HBonds due Juno, i | Electric Companion. |Allegheny Co Light Co... 130 140 50 40 Brash Electric C o........ 37 Br’dxprt (Ct) El Lt Co.25 t 82 20 Consol Electric Storage.. 18 Eddy Electric Mfg Co..25 t....... 13 Edison El 111 Co N Y —N Y Stock Bxoh Edison El 111Co Brk—N Y Stock Exch 14 11 1Edison Ore Milling Co— 71 Edison Rtoroero fVi . ... 23 102 85% 15 14% 82 80 8 10 75 111 110 121 121 89 118 100% 128 Bonds due May. T Bonds due Nov consecutive pages).— TEL. T e ieg . A: T e le p h . Bid. Ask. 90 ! Southern A Atlantic....... 85 ! West'n Union Telog—N Y Stock Exch LOS & ELECTRIC, &r. Electric Companion. East End Electric Light. 1 Electro-Pneumatic......... Fort Wayne Elec. Co..25 t 2 Series A .................. . General Electric Co—N Y Stock Do pref.—See Boston L 1st. Hartford (Ct) Elec Lt Co. 119 Hartf’d(Ct) LtAPowCo25 t 4 12 Mo Edison Electric. 42 Do preferred..... Narragan. (Prov)KI Co.50 t 83% Now Hav (Ct) Elec Lt Co 170 tPploo l" ExoM 1*25*' 7 14 44 87 180 T H E C H R O N IC L E .—BOND PRICES (5 pages) Page 4. 472 Price Week's Banff*, lY id a y , Banff* or RtSl from Sept. Jan Sale, Bid A sk. Low. H igh N o Low . High Price Friday, [Vol. t.x err- Week’s R ange or B a st Sale. R ange from Ja n . BONDS. BONDS. • £"§ j §$ 111 If.Y . STOCK E X C H A N G E , n .y * s t o c k e x c h a n g e 5 f 2. . 1, L a** , 2. 1. W e e k Ivkxhsr S k i t . 2. 4 £ W e e k E n d in o S k i t . 2. -----------------------------------------------. . ! Low.BxgK OreSh L —1st oon g 3s... 1940 J - J 107 Sale 107 90 1 0 8 H|i8 av F A W latcon g 08.1034 A - O ....... 1104% Oct.*971.... Non-ouiu ItlC A Sa......1040 Sop.* 75% Sale SI 58 81*1 lstg 5s..................... 1934 A - O Non-cu Ino B A co! tr.. 1040 OeL* 39 58 Sale 58% I Soloto Val A N E. Sr# Nor A W 58 Oswego * Rome. N Y Cl Scab A Uoa U t 5s........ 1920 J - J 104* Feb.’98 1104* 104* O O F A Si P. CA N W Sea A B Bd«e. Bklyn El. AGCoast Go—1st j{09.10481*1 -D 103% Sale 105% 105% 1 303 100^ Sod Bay A So lot g &s. 4.1921 J - J Bo Car A G& lstg 5a___ 1910 M -N aoof Missouri. Mo Pac 08% 93* 92 99% PiinaK/i 1st» f g 4 ^ s.... 1017 A - O Southern Pacltlo Co— S subsidy g 0s.......... 1910 M-N Gal liar A S A 1st g Gs. 1910 F - A 107 Jan.*08 107 107 Pennsylvania Co— J’Jv *08 100 105% 108 114 Penn Co gu 1st if 4*3.1921 J - J *110% Mex A Pac di v Istghs.’fil M -N 113 Aug’Osi . 08 Sale 92 08* 110 110 Registered — .........1921 J - J iM10 110 J’ly ’981 . ............. Hous A T O 1»t W A N 7s. ’ 03 J - J Gtd3*scol trust tor. 10871M- 8 • 9 7 * ls tg 5slnt gtd...... .1037 J - J *111 ..... 110% 1X0% 107% 111% P O C & St L oon gu g 416h i Con g 0a lntgtd ...... 1912 A - O *108% 112 109 Aug‘98 105 110 100% 118 112« a sm Series A ..................1040 A-.O *113% Gong 4s lntgtd...... 1921 A-0| 83 83% 15 7 0 * 88% 108 113 Series B guar..........1942 A - O * 1121*' 112* 11214 Morgan’s La A T 1gt g 6a. ’20 J - J 120% Feb.'98 120% 120% Series C gu ar.........1042 M -N 1st ...................... 1018 A - O 127 Apr.’08 •I • 127 127 Series 1) 4s guar, 1945 M- N 103 Oct.’97 N Y T A Mexgu lstg4s.*12 A -O Pitta Cln St L let 7».1900jF- A 100%108 10S J'ne'98 Ore A Cal 1st gtd g os, 1027 75 75 Jan.*98 Registered.............. 1900 F- A 38 55% 71 6 7 * 09 109* A p r’07 8 A A A Puss 1st gu g 4b. ’43 08 00 Pitta Ft W O 1st 7s. 1912 J - J 140 140* 140 May‘98 Tex A N O U t 7a...... 1005 110 M ar’98 2d 7s...................... 1913! J - J 140 140 140 Aug’98 Sabine div 1st g 6s.. 1012 100* Nov’97 3d 7s...................... 1912 A-O* 10l 101* 96% 101* C S t L A P 1st con g 5s. 1932 A -O 1 1 7 «. ....... 109 SoPof Argu 1st g 0s.’OO-lO 112*4 Apr’97 109* 109* 100* 109% R e g is te re d ...............1 9 3 2 A - O 110 ...... 110% Aug’98 S P o t Cai ls tg 0s.’05* 12 100* 110% Gior Pitts con e f 7s. 1000 M-N 108 10Q& 107 May’98 102% Sale 102* 102% 1st con guar g 5s.. 1037 92% 102% Gen gu g 4%s aer’a A. 1942 J -J '8 7 ...... A N W lstgu g 5a. 1941 80% 80% 81% 8 7 * B .......... ...1942 A -O S P Coast lstgu g 4s.. 1937 GrRAIexlstgug4% s.l941 J - J S Pac of N Meat 1st g 6 s .'ll 105% 110* 109* Allegh V&l gen g a g 4s. 194 2 M -S South Ry—i st con g 5a.. 1994 102 Nov’97 98% Sale 07 87 98% 98% 1< Bdgogengug4%s.’45 J - J Registered.............. 1994 104* . Penn RE 1st real esg 4s. 1923 M -N Mem Div 1st g 4*4%-5sl996 108 May’9 103 103 103 J’ly ’98 Con sterling g 6s....... 1905 J - J Registered............. 1990 Con currency 0s reg.. .1905 Q-Mt E Teh reor lien g 4-5s, 1938 100 Aug’98 96 100 Cong 5s....................1919 M -S Registered.........,..1938 Ala Cen R ls t g 0 s ....1018 Registered............. .1919 Q - S 112* Aug’0 Cong 4s.................... 1943 M -N Atl Ch Air Line Inc. 1900 Cl A Mar 1st gu g 4%s.t Q35; M -N Col A Greeny 1st 5-08.1916 119 D ec’97 D N J HR A Can gen 48.1944 M -S 106* Sale 100* 106% E T Va A Ga 1st 7a— 1900 115*4115% 105% 103 115*4 Feb.’98 D H R H i Bge 1st gu is g.’SO F - A Dlvislonalg 5a... ...1930 113% 114 1 4% Aug*98 112% 115 113% Sale 113 Pensacola At. L Nash Con 1st g 5 s...........1950 U3% 107 113% Peo Dee A E lstg 6s tr rec.’20 J - J 98 122 Ga Pac Ry 1st g 5*08.. 1022 95 ! 0i% 118 123 119 JTy’98 93 Evans Div l8tg0strree.'2O M -S 90 90 96 Knox & Ohio 1st g 6s .1925 112 117% 115% Aug’98 20 1 8 « J’ 2d g 5a tr rec 1st pd.. 1920 M -N 15 , 125 122% Aug’98 Rich A Dan con g 0s. . 1915 18% 118 125* Peo East. C C C A St L *100 Equip sink fund g 5s.l909 101 Nov’97 Peo Pek U n ls tg 0s.. .1921 Q - F ■ 120 120 120 , 107 Deb os stamped......1927 95 90 3 J’ne’98 Sdg4% s........... Feb., 1921 M -N 1 85 107 108 108 Virginia Mid gen 5s... 1930 108 100 108 85% 80% 85% * 107 108 107 J’ne’98 Pine Creek reg guar0a.. 1932 J - D 133 102 107 137 N o t’97 Gtd stamped........ 1930 Pitta Cln &St L. Penn Co. , 90 W O A W 1st cy gu 43,1024 8 7 * 90 90 Aug’98 West N C 1st oon g 03.1914 P C C 3t L. Sr# Penn Co. 110% 110% 118% Aug’98 Pitta Ciev A Tol 1at. g 0s.. 1922 ♦106 107*4 S A N Ala. L A N. Pitts Connellsv. B *100 Spok FallsANor lstg 0S.1GS9 Pitta Ft W Ch. S##Peun Co. Statlsl Ry 1st gu g 4%s.l943 J - D *100 Pitts Juno 1st g 0a....... 1922 J - J 129 Sunb A Lewiatti 1st g 4s. 1030 J - J *105 Syra Bing A N Y. DL&W. Pitts L Erie—2d g 5a .. 1928 A-OI 106 Pitts McK Yo—lstgu 0fC32 J - J rPer A of St L 1st 4%s.’39 A - O • U 4% 112* Aug’98 109 112^ X 1st con gold 5s. 1894-194 4 F -A 107* . 2d guar 0s........ ........ 1034 J - J 105%110% 110 J’l y ’OB McKee B V ls tg 6s. 1918 J - J *120 .... St L M Bge Ter gu g 5s. 1030 A -O 108 O c t’0 .... 00 Pitts P F 1st g 5s......1910 J - J Terre Haute Elec Ry g 0s.Pl 4 Q- J .... 109* 109 Aug’98 Pitte Sh A L E 1st gos.. 1940 A -O 104 109* Tex A N O. So Pac Co. l8t consol gold 5s......1943 J - J ♦103 107* 110% 98 J’ly ’07 TexAF Ry E div lstg 0s. 1905 M - S 100% Sale 103 Aug’98 17 90%107% 91 1st gold 5s................ 2000 J - D ...... 107 100 Pitts A West 1stg 4s... 1917 J - J 93*4 92 107 2 S« Gold^a..............1891-1941 M -N * 50 32% 50 Aug’98 2d gold Inc. 5s, D ec...2000 Mch. 39 50% 4 6 * Sale 46% 40% 757 28 Pitta Y. Ash 1st con 5s1927. M -N *112 Third A t 1st gold 5s...»1937 J - J 117*124 122% J’ne’98 82*4 Bale eading Oo gen g 4s... 1997 J - J 104 104 102 105 104 82*4 33*4 151 7 7 * 87% Tol A O C lst g 5s........ 1935 J - J Registered............1997 J - J West’n div 1st g 5s.... 1985 A - O 104 105 Aug’98 103 105 Rensselaer Sar. D A EL General gold 5s..... .. .1935 J - D 80 Rich AfDan. South Ry. Kan A M 1st gu g 4s. ..1990 A - O 70 82% 60 Aug’98 77 9 1 * 90 79 Rio Or West 1st g 4a — 1939 J - J 38 09 78 90; 77 Aug’98 91 Tol Peo A W litgold 4*.191? J - J 88 92 Rio GrJunc lstgu g 5s. 1939 J - D 85% 90 91 J’ne’S 90 Aug’98 21“ 94M T S t L A K C 1st g Gs tr. 1910 J - D Rio OF So 1st g 8-4b...... 1940 J - J T Hater A Del 1st c g 5s, 1928 J - D 100 54 98 104 66 60 J’ne’98 100% Aug’98 Roch Pitta. B R A P. Mon EUv. Bklyn Kiev Rome Wat. Og S « N Y Cent. Un El (CM3) U t g oa. ...1945 A -O alt Lake C lstg sf 8s. ’03-13 98% Sale Un P a c-R R A1 g g 4s. 1047 J - J 98% 99 1033 88% 99% 79% Sale 98% 98% 79% 79% Registered................ 1947 J - J t Jo AG 11st g 2-3-48. .1947 6 8 * 81 98% Aug98 44 59* 8tL AAT H. Illinois Cent, Tr Co etfa g 4%a....... 1018 M -N 50 55 it L CaL Mob A Ohio. 48% 79 U P DAG 1st 6 g 5strro,’S 9 ...... 70% Sale 77* 75* St L Iron Mount. M P. Uni N J RR AC Co. Pa RR Utah A North. Ore S L. St L K C A N. Wabash. St L M Br. T RR A of StL Utica A Black R. N Y Cent Bt Louis A San Francisco— er Val Ind A W. Mo P. 2d gold 0s Class A . .. .1000 M -N Irglnia Mid. South Ry. 111 116* , 110*4 114 J’l y ’98 50 104% 112% 8d gold 0b Class B ......1906 M -N , 110* 115% 115% 111% 110* ab RR Co lstg 5s.. 1939 M -N 111* ..... 111* * 2d gold 08 Class G ,..». 1906 M -N 74% 91% 90% 212 2d gold 5s........ 1039 F - A 90% Sale 113 116* 88 % i U 0 * 114 Aug’98 1st g 0a Pierce C A 0..1919 F - A Debenture series A .... 1939 J - J 39 34* 39 2372 21 General gold 0s........ .1931 J - J * 120* 121 120% 120% Series B....... ....... ..1089 J - J 35 Sale 114 120 * 97 105% General gold 5s.......... 1981 J - J 106* Sale 106 lstg5sDet A Ch Ext. .1941 J - J *104 100 104% Aug’98 106* 98% 106* 108%110 StChas Bridge lstg 03.1908 A - O *110 05 LOO 100 J’lv ’98 92*< 100 110 J’ne’98 1st trust gold 58...... ..1987 A -O F t S A Y BBdg lBtg0B.191O A - O 107 ....... 105 Oot.»97 Warren RR. Del L A W Kansas Mid ls tg 4a... 1937 J - D Wash OA W. Southern 81 Sale 103 110 BtL S F R R g 4 s ....1996 J - J 68 82* West N Y A Pa—lstg 5s, 1037 J - J 80 81 108% J’l y ’98 4 7 * 59% Bouthw Div 1st g 5a...1947 A -O Gen g8-4s...............1943 A - O Aug’98 97* 9 7 * Aug’98 10 10% Income 5a....April, 1943 Nov. 10 8t L 8q. Illinois Cent. S tL 8 W ls tg 4b bdefs. 1989 M -N West No Car. South Ry, 78% Sale 78% 79% 81 Western Pac. Cent Pac. 2d g 4s Ino bond Cfcfs.. 1989 J-JS 83 Sale 83 34* 85 W Chic 8 t 4 0 -yr 1st cur 5s.’28 M -N gt Paul City Cab. o g 5s. 1937 J - J 90 Nov’97 40-year con g 5s........ 1930 M - N 99 Dao’9r Guaranteed gold 5s... 1987 J - J West Shore. N Y Cent, Bt Paul Duluth 1st 5a. 1931 F - A 106% 107 117 M ar’98 115 117 W Va A Pitts. B A O. 2d 5s......................... 1917 A -O 112% 118*4 107 10 105 109 Bt Paul M A M 2d Os.... 1900 A - O 123 124* 122% Aug’98 120 122* W Va Cent A P 1st g 0s. 1911 J - J Wheeling A L H 1st g5s.l920 A - O 100% 101% 101% M ar’98 Dakotaexi gold 0b.... 1910 M -N 120% ... 118%123 122 Aug’98 100 108 105 109 100 M ar’98 Trust Co certificates.......... 128 132 lit conaol gold 8s......1988 132 132 J 132 ... 90 108 100 Wheel Div 1st gold 5a. 1028 J - J 100 Sale 100 Registered............ .1933 J - J 92% 92% 82 Exton A Imp gold 5s. .1930 F - A 92% Mar’98 105% 108* Reduced to gold 4%s 1933 J - J 108% 108* 108* 10 35 39 Sale 30 Registered......... 1033 39 39 Consol gold 4b........... 19 w J - J 100% Mar’98 J N Y 8A W 99*4 Sale Mont Ext 1st gold 4b . .1987 J - D 98% 101% Wilke« A East 90% 99% Registered..............1987 J - D WU A Sioux F. St P M A M 96 96 90 Fob.’Os Minn Union 1st g 0b.. .1922 CAN W 122%122% Winona A Bt P. J 128**!!!!! 122% Jan.’9b Wls Cent Co 1st tr g 5b . .1987 J - J 34 Nov’97 Mont C 1st gu g 08.... 1037 129 129 118% 182 J 33% 55 02 53 52 53 Engraved trust certificates. Registered............. 1937 J - J 115 A p r197 4 Income 5a.................. 1937 A-O* 7% 0 * Aug’98 6 1st guar gold 5s......1037 J - J ’110 109% May’98 107 109% Registered ..............1937 J - J 15Minn 1at div 1st g 6b. 1008 A - O 110% Sale 110% H 0% 105% 110% MISCELLANEOUS BONDS. 98% 102% dams Ex—Col tr ft 4a, 1948 M - S 100 Sale 100 102% Registered..............1908 A -O 102%109 m Cot Oil dob g 8s... 1900 Qu-F 106%...... 107% 107% W t U A S F ls tg 5s.... 1938 J - D iii% •*” ; 113 Aug’98 113 118 Registered........... ..1938 J - D Am Dk A Itnp 5s. Cen N J 04 90 87 Am SpiritsMfg 1st g Og.lfilOi M-N 87% Sale 00 Bt P A Nor Pac. Nor Pac Atlanta G L Co lat g 5s. 1947 J-D BtP 8 City. C StP M AO ar AS Car Co lat ar.6s.1042 J - J 8 A A A P. Pao. Co. oa U Gaatrot.fs b f g 5a.’80 J - J 9 0 * 91 9 0 * Jan/98 8 F A N P 1st a f g 5*.,, 1919 ,1 - J 100% Oct.'97 P Set t & Sept. Bid. Ask.[Low. Sigh.lNo. a See See See . . . I ................... 2d g 7s...................1005 J-D i 105 ........ 105 96*4 98% , ---- 7s 76 & & A &C & A A A ........ See A See See A O. A A 1 120 Sec A A See a A A X See A R A A S See A A See Sec. See 3u See See Sec See See A A A Y W See See See See See Sec See See See See See See A See See See A A ’x See See See So B OUTSIDE SECURITIES * No price Friday; these are latest bid and asked this week, t Honda due June, K le c trlc ’i C om panies. RhodeTsland Elec Pro Co. Toronto (Cun) Elec L t Co. Thom-Houet Welding Co. United Elec Lt A P Co prof Bonds ......................... Woonsocket (It I) El Co.. F e r r y Corn pan te*. B’klyn A N Y Ferry-Bubs. New stock.......... . Bonds................. Bobo ken Ferry—Stock... 1st 6s 1946*....... MAN Metropolitan Ferry—5s.. See Bid. Ask. 110 120 136* iy «x ........ .. 100 12 18 85 83 100 110 ; ' ! [ 112 37% 88 ! 97* } 02 91 t io u « 108 108 110 , m (O iv e it at foot of 7 i Bonds due July. c o n s e c u t iv e |j Bonds duo March. pa g e s ).— Bid. Ask, R a ilr o a d w. F e r r y Com panion. Bid. Ask. j Ateh A Pike’s Peak 1st 0s 101 N J A N Y Ferry—Stock.. Ate T A 9 Fo gu fd 0s notes 101 1st 6b 1 9 4 8 . .JAJ 1100 ib i Atl’taA Gh Air L lat 7a *07 117 N Y A E R Ferry—Stock. 73 70 6 Atl&P eta of dep gu 4b st’d Bonds 5b of 1932........ $ 97 100 B A O 8%s, when issued. ft 95 95* N Y A 8 B Traus A Ferry 25 80 S 02 Do 4a *' “ 95 Bonds, 5s, of 1000..... $ 90 03 “ 75 10th A 23d Sts Ferry...... 80 | Do prof 41 83K Boat A NY Air Line—Com latmorb 5s 1919...JAD $ 98 101 Preferred—Sr# N Y Sto ck Ex Sh. ’ * 40 j 39 Union Ferry—Stock...... 98 California Pacific lat4%s 1st 5a 1920..........MAN 3101 103 95 Do 2d inert guar M ali road s. Ch Mil A 8t P Dub Div ’20 $130 Ate Col A P lat 08 tr co Cta T)a Wta Val div 0* *20 9130 At J C A W 1st 0s tr co Ota .. T Benda due Jan. SBonds due Nov F E R R Y & RAILROADS. H ailro n d w . C h& N W 1 st 7a M ud e x i' 11 D o M enom in e e e x t ’ 11 C h lc A T o m a h lst 6 a l9 0 5 N o rth w Un. lat. 7s 1917. F roraB lkA M oV al l s t ’33 u n sta m p e d 9XH W Do in A S tP 1 st e x t 7s *10 Ch A E a s t 111 sin k fd col tr C lnA Spgf 2d 7 b gu C C CAI J a c k L A Sag l a t e x t b s ’Ol K in g sto n A P em b I s tM .. L N A A Ch 1 s t Gs C & I Div IntorotO. +PH00 Bid. Aak. U30 $130 $109 $132 $130 '129 130 143 103 103 113 l o r nh THE CHRONICLE—BOND PRICES C5 pages) Page 5. S ept . 3, 1898.] Week’s Price Range F rid a y , R ange or fro m Jan. 1. Sept. 2. L a st Sale. oi Low H igh B id. A sk. Low. High. N 19 BONDS. N. Y . STO CK E X C H A N G E j W e e k E n d i n g S e p t . 2. BONDS. «<a N . Y . STOCK E X C H A N G E W e e k E n d in g Se p t . 2. 11554 10954 11554 Peoria W at Co g 0s.. 1889-19 M -N B’klyn U Gas 1st con g 5s. .’45 M -N 114 ...... 115 8 91% 10054 PI Valley Coal 1st g 0s.. 1920 M -N 3 92 92 Sale BFk’n W A W H Istg5s.l945 F - A* Procter A Gamb 1st g 0s. .’40 J - J ah Coal Min. T C I4 K . St L Ter Cupples Station A G L A C Co. P G A C Co. 10954 Feb’97 Prop Co lstg 454s 5-20 yr’17 J - D 10954 10954 Chic Jc A St Yd col g 5s.. 1915 J - J S Yuba Wat Co con g 0s. .’23 J - J Clearf Bit Coal. <Se«NYC&H 100 100 Sp Val Wat Works 1st 0s.’00 M- S 95 102 Col C A I 1st con g 0s. ..1900 F - A Stan Rope & T 1st g 0s.. 1940 F - A ColC A I Dev Cogugos.. 1909 J - J 104 Jan.’98 100 104 Income g 5s............... 1940 Col Fuel Co gen gold 6 s. 1919 M -N 80 May’98 Sun Ck Coal ls tg s f 0s..1912 J - D 80 84 82 Col F A I Co gen s f g 5s. 1943 F - A TennCoalTDiv Istg0s.l91~ a - oh ■Oolumbus Gas 1st g 5s.. 1932 J - J 10154 Apr.’98 Birm Div 1st con0s... 1917 J -J 10154 10554 Com Cable Co 1st g 4s...2397 - J 104 104 104 Feb.’98 Cah C M Co 1st gu g 0s..’22 J - D Registered.................2397 - J De Bar C & I Co gu g 0s.’10 F - A Con Gas Co. S e eP G & C C o . U S Death Co s f deb g0s.’13 31-N e Bardel C A I. T C & I. Vt Marble 1st s f 5 s ......1910 J - D el & H Can. RR bonds 91 94^ 89 9554 West Union deb 7s. .1875-00 31-N Detroit City Gas g os.... 1923 J - J 94 Aug’98 Registered........ 1875-1900 31-N 90 103 Det Gas Co con 1st g 5s.. 1918 F - A 17 Aug’ 9 8 Debenture 7s.. . 1884-1900 31-N 17% A -O 1054 19 Det MAM Id gr 3%s S A.1911 112 Aug’98 Registered......1884-1900 31-N 108 11 2 % d El 111 1st conv g 5s. 1910 31- S '109% . 117% Aug’98 Col trust cur 5s.........1938 J - J 11454 119 1st con g 5s........... 1995 J - J '116% . Mut Un Tel s f’d 0s. ..1911 31-N 11354 J’ne’9" Ed El 111 B’klyn 1stg 5s. 1940 A - O '11054 • Northwestern Tel 7s... .’04 J - J Registered....................... A -O 9854 M ar’98 98% 9854 Westn Gas Co col tr g 5s...’33 31-N Erie T & T col tr g s f 5s.. .1920 J - J Wh L E & P C Co 1st g 5s.’10 J - J Bq Gas L N Y 1st con g 5s.. ’32 31-S Whitebrst Fgen s f 0s.. 1908 J - D Bq G A Fuel. P G A C Co. 108 108 90 108 i en Elec Co deb g os.. 1922 J - D 107 U. S. GOV. SECURITIES. (For 91% 9554 Jarn’97 A C lstg g 0s..’19|A-O U- rrRivCoal f -----------figt U S 2s registered... .Optional Q- M Gr Rap G L Co 1 st g 5s. 1915 F - A U S 4s registered.......... 1907 Q-Jt ack W reor ls tg 5s..1920 J - J U S 4s coupon.............. 1907 Q-Jt 111 Aug’97 end B Co 1st s f g 0s. 1931 M- S U S 4s registered..........1925 Q- F €11 Steel Co deb 5s........ 1910|J - J U S 4s coupon.............. 1925 Q- F 70 Apr ’97 Non-conv deben 5s 1913; A - O U S 5s registered.......... 1904 Q- F ■Iron Steamboat Co 0s... 1901 J - J 107 May’97 U S 5s coupon.............. 1904 Q- F Jeff & Clear C A I lstg 5s 1926 J - D 80 May’97 U S 0s currency............1899 J -J 2d g 5s....................... 1920 J - D U S 48 registered certs K C Mo Gas Co 1st g 5s. 1922 A - O of indebt (Cherokee) 1899 Mch 105)4 2 l| 100 105% LacGas-LCoof StLlstg5s*19|"‘ ‘ 105 Sale 105 Small bonds..................... . STATE SECURITIES. 102 J’ly ’97 Mad Sq Garden ls tg 5s. 1919 M -N Alabama—Class A 4 to 5.1900 J - J Met T A T 1st s f g 5a... 1918 M-N Small............................... Registered................ 1918 M -N 85 J’ne’97 Class B 5s..................1900 J - J :::::: :::::: Mich Pen Car Co ls tg 5s.’42 M - S Class C 4s.................. 1900 J - J Mut Fuel Gas Co PeopGas Currency funding 4s...1920 J - J Mut Un Tel Co. W n Un. 10754 Aug’98 .... 105 108 | Dist of Columbia—3-05s. 1924 F- A at Starch Mfg Co 1st g 0s’20131-N 108 Louisiana—New con 4s..1914 J - J Nwpt News S A D D 5s. .19901J -.15 Small............................... N Y A N J Tel gen g 5s cy .’20 31-N • • Missouri—Bounding. ..1894-95 J - J N Y 4 OntLan'd lstg 0s.l9lOi F -A North Car—Consol 4s... 1910 J - J NoWestnTeleg. West.Un.| S m a ll......................................... J - J 111 Nov’97 Peo Gas A C 1st gu g 0s. 1004 M- N 0s.............................. 1919 A - O 102 109 l07%J’ly ’98 2d gtd g 0s.................1904! J - D So Carolina—454s 20-40.1933 J - J ; 115 120 119 11754 Aug’98 o 1st consol g 0s............1943! A- ^ Tenn—New settlem't3s.l913 J - J Refunding g 5s...........1947 M Small............................... J - J M-S| ....... Registered.............. 1947 M 1100 100 | 2 1102 10054 : Virginia fund debt 2-3s.l991 J - J Ch G-LACke 1st gug 5s’37;.l J *10054 Registered....................... J - J 105 !104 J’ly ’98 .... 101 100 Con G Co of Chlstgug5s’30 J 0 s deferred bonds............ 10254 J’ly ’98 .... 102 108 Eq G & F Ch 1st gug 0s.'05 J - .1 ....... 105 Trust receipts stamped___ Mu Fuel Gas 1st gu g 5.1947 M- N 10554 Sale 110554 10554! 15 ‘ 10514 10554' See See C See See D E See f H 473 Price Week’s ange Ft'iday, R ange or i S Rfro m Sept. 2. Last Sale. Jan. 1. B id. A sk. Low. High. No. Low H igh ios U 3 ” 118*' 101 8 154 23 Sale Sale 92 Sale ....... 95 110 104* 112 113 10354. F eb ’97 77 ............ 82 2L 92 93 92 9354 82 24% 79 79 9254 9854 83 83 111% 110 10554 Feb.’98 105 M ar’98 10554 1055! 105 1055i 112 Aug.’98 111 M ar’98 105 112 101 101 101 111 M ar’98 111 daily record see seventh pa 98 ....... 109% 110% 11154 11254 120%127% 126% 127% 111% 112% 11254 Sale 102 % ....... 98 Apr.’98 11154 Aug’98 111 111 12754 Aug’98 120% 127 112 Aug’98 11254 11254 102% Aug’9S 101 See See See 10254 . 101 129 ...... 103 ...... 92% 95 128** Feb.v98 . . 51 11 *83“ Jan.’98 110 Aug’98 108 108 100 90 90 117 103 _ s|..... 275 941 ....... ....... ....... ....... ....... Sale ....... 7554. 9 Sale *No price B’riday; these are latest bid and asked this week. t Bonds due July. t Bonds due May. I Bonds due April. O U T S ID E S E C U R I T I E S (G iven at foot of 7 consecutive pages ). — 109 May’98 105 Aug’98 10554 Aug’98 98 Aug’98 117 117 104 J’ly ’98 10054 M ar’98 93 88 74 10854 109 105 108 10554 10554 98 100 10 115 100 98 Jan.’98 Aug’98 J’ue’98 Aug’98 8% 101 117 104 100% 101 128*' 128" 87 87 05 93% 88 74 954 426 RRs., BANKS, MISCEL. | Bonds due January. M iscellaneou s. Bid Ask. Bid Ask Bid. |Aak. || M isc e lla n e ou s. M iscella n eo u s. R a il roads. Schwarzchild A Sulzb. 100 45 Texas A Pacific Coal. 100 50 55 00 Fidelity A Dep (B alt)..50 140 145 N Y El deb 5s gu Man Ry. 98 1st 0s 1908..........AAO 102 Semet-Solvay deb 5s Galveston Wharf—1st 5s. 99 100 101 103 105% No Pacitic Mo Dlv 1st 0s. Title Guar A Trust.. .100 280 290 8 immons H ’rdw-Com.100 105 Genesee Fruit..........100 'Plttsb Connellsv 1st 7s 104 Trenton Pott—Com..100 Preferred.............. 100 116 120 7 10 30 German Am Real Est.100 23 Do con 0s gu by B A O 115 Preferred.............. 100 25 35 Glucose Sag Ref-Com. 100 Singer Mfg Co.......... 100 410 425 8 t P East A Gr Tr 1st 0s. 0 1 * 02 Standard Oil............. 100 408 410 Trow Directory-New. 100 35 45 :::::: Preferred...............100 107 108 gu by MUw L 9 & West. 05 Stan. Dist. A Die.—Com.. 23* 2 1 * Union Switch A Signal.50 04 Goodyear Shoe Mach. .25 37* 38* Tenn C IA Ry con 0s 1901 115 Preferred................50 1 1 0 Preferred................... 72 90 73* Gorham Mfg Co-Com.100 Do So Plttsb 1st 1902.. 10 12* Union Typewr—Com.100 114 Preferred.............. 100 110 Stand Und’rg’d Cable. 100 115 120 Vlcksb A Meridian 1st fls SlossIASlstQs 1917.FAA 1 st preferred........ 100 100 108 88 Great Falls Ice.......... 100 110 125 M isc e lla n e ou s. Southern Cotton Oil.. .50 80 2 d preferred..........100 94 100 85 Acker Merrall & Con. 100 9754 101 i Hartford Carpet Co.. 100 27 Stat Isl R T 1st 0s’13AAO 107 U S Glass—Common.. 100 20 00 02 Am Air Power of N Y. 100 25 2054 Heck-Jones-J Mlll-Pf.100 80 2d 5s 1926.............JAJ Preferred.............. 100 70 02 70 90 95 Amerlc’n Axe A Tool. 100 1st 0s 1922.......... MAS 100 U S Projectile Co..... 100 80 Her’g-Hall-Mar-Com .100 Still w-BIerce A Sm-V.100 70 Amer Bank Note Co.. .50 t 89 42 * * Swift A Co................100 100 Wagner Palace Car. ..100 173 171* American Brake Co.. 100 90 101 Preferred...............100 93 2* 0 330 1 st 0 8 ................ ........ 1100 Westingh Air Brake.. .50 Hoboken Land A Imp’t .. 100 50 Amer. Caramel—Com... 45 Willimautic Linen Co..25 Susq Coal 0s 1911___JAJ 115 Preferred.................. 5 s.............................. 105 101 103 10 2 * Wool Exch’ge of N Y.100 Term Wareh—Stock. .100 10 80 9 Amer Groc—1st pref.100 International Elevat.100 75 24 28 Worth’t’n P ’mp-Com.100 1 st 0 s................. 82* 70 Amer Malt’g Co—Com—8 Stk E xl’t International Navig.,100 Preferred.............. 100 92 95 Debenture 0s...... 70 Preferred Stock E xoh. 11 st. St ock International PaperlOO ) Exch list. Am Pneumat Tool Co. 10 Preferred..........il00 { 110 Amer Press Assoc’n. .100 10 0 Bonds 0s..................... 1 0 0 * I l l Bid. Ask. B an ks. B a n k s. B a n k s. American Screw....... 250 115 140 International Pulp...100 2 Am Smokeless Powd.100 Iron Steamboat........ 100 t i 101 N. Y. CITY. 107 Mercantile .. 55 60 4 8 Am Soda Foun—Com. 100 0s 1901................. JAJ America*.... 352 Manufact’rs. 250 (Merchants’.. 151 1 st preferred.......... 100 47 53 John B Stetson—Com. 100 45 225 Mechanics*.. Am Exch.... 105 110 170 Merch Exch. 110 2 d preferred.......... 100 15 25 Preferred.............. 100 100 Astor......... Mech A Tra*. 245 255 Metropolis*.. 17 12 Burnham. 100 Amer 8 teel A Wire. £ 200 St’ck Ex rt JoumeayA Astor Place* Mt Morris*.. 100 72 Preferred........... J Preferred..... ........ 100 07 Bowery*...... Nat City..... 335 345 100 300 Mutual*...... 87 American Surety....... 50 100 Knickerbocker Ice.... 100 175 North Side*.. 100 Nassau*....... 150 90 ioi 1 Broadway.... 226 230 Am Typefo’re—Stock. 100 17* Bonds 5s........... . People’s* — 190 195 00 70 New Amst.*.. 110 | Butch’sADr.. Amer Sewing Machine.. 5, Lawyers’ Surety....... 100 100 150 Central...... Scherm’rh’n* 140 235 100 New York— Amer Strawboard....100 ' 30* s o * Lawyers’ Title Ins.... 100 153 100 105 Chase......... 17th Ward*. 100 NewYork Co. 1100 Amer Wringer com... 100 104 Lortllard (P )—Pref... 100 118 215 Chatham .... 290 300 N Y Nat Ex.. 5 Pref........................... 114 Madison Sq G— Stock. 100 145 135 Chemical..... 20th Ward*.. 80 3700 Ninth.......... 35 25 2d 0s 1919..........MAN Amer Graphophone.... 10 130 135 100 Citizens’..... 125 19th Ward*.. 100 Maine S S................... 50 40 Preferred...............AO 130 110 City............ 1000 Wallabout*.. 103 North Amer. 130 Anderson (John) Tob.loO 10 1 2 * Merch A Miners’ S S__ 50 120 Colonial*___ 137 Oriental*---- 140 12 20 Automatic Vending... 10 25 Mech’nical Rub-Com.100 T ru s t Cos. Columbia*... 150 Pacific*....... 40 BarneyASm Car-Corn. 100 32 13 Preferred.......... ...100 16 N. Y. CITY. Park........... 300 Bosto n list Commerce... 202 Preferred....... Mergenthaler Llnot— 100 55 Am Dep A L. Continental. 125 Peoples’* .... 00 0s 1942.................JA.J 97 100 Meriden Britannia Co..25 55 Atlantic Tr.. 137* 90 Corn Exch*.. Phem x...... 275 12 8 L list. Mich-Pen Car—Com.. 100 Central Tr’st. 1350 East River.. 130 Plaza*......... 290 310 105 110 Preferred—Sec N Y Stoc k Exc h. Colonial...... 195 205 11th Ward*. 225 Prod Exch*.. 110 118 92 90 1st 5s 1942.......... MAS 23 t 10 Continental. 187 F ifth .......... 155% Republic .... 220 102 Bliss Company—Com..50 110 125 Minneapolis Brew 1st 7s Consolidat’d. 185 Riverside*... 2500 105 Preferred............... 50 1 0 2 * 110 Hosier SafeCo........ 100 Farm Ln ATr 900 950 First........... Seaboard.... 175 Bond A Mort Guar... 100 190 Monongahela Water...25 80% 37* Fifth Ave Tr 340 860 First (St Isl) Second ....... 450 Carter-Crumo—P re f.. 100 55 Nat Biscuit N Y Sto ck Ex ch. 70 Guaranty Tr 420 150 120 Fourth....... Seventh...... Celluloid Co.............. 100 70 74 Preferred—See N Y Sto ck Ex cb. Kntck’rb’ck’r 240 280 98 100 Shoe A Le’th 80 | 14th Street*. Cent America Tr’nslt.l00| National Casket Co... 100 00 * 100 Manhattan.. Sixth.......... Franklin..... 25 Cent Flrew’rks—Com.100 National Saw—Pref.. 100 Mercantile.. 400 Gallatin..... 300 State* ........ 202 Preferred...............100 x35 National Surety.......100 45 Metropolitan 300 103 Ganaevoort*. 105 State of NY* 75 Chateaugay OreA Ir 0s ’ i 5 05 40 National Wall Paper. 100 N Y L I A Tr 1200 Garfield...... 1000 Tradesmen’s 50 Ches A O Grain El—Inc.. 10 17* N Y Loan A Imp....... 100 N Y Sec A Tr 375 German Am* 112 12th Ward*.. iso* 4s............................... 03 07 N Y Biscuit 0s 1911.MAS 114 115* German North Amer. 100 Ex* 23d Ward*... 200 Chesebrough Mfg Co. 100 350 370 New Jer Zinc A Iron.. 100 • 100 ..... . Produce Ex. 202 225 Germania*... Union......... 300 Claflln (H B )-lst pref.100 90 90 N Y Air Brake—See N Y S tock E xch. j . •. ••• Ileal EstTr’t 200 Greenwich* 105 Union Sq*.... 170 2 d preferred.......... 100 88% 48* Nicholson File Co.......50 State Trust.. 190 205 140 Western...... Hamilton*... 105 12 9 Common—See N Y Stock Exch. Nicaragua Construct. 100 Union Trust. 1030 West Side*.. 275 Hanover___ 390 lark Mile End Thr’d.100 75 Peck, Stow A Wilcox..25 t 18 ...... U S Mtg A Tr. 290 300 95 Hide A L ’ath 85 Yorkvllle*.. 170 Collins Co................. 100 118 Pegamoid (£1 shares) Unit. States.. 1190 155 Home*.... 104 2 Pennsylvania Salt Mig.50 102 Comstock Tun—1st Inc... 4 Washington. 220 BR’KLYN. Hudson IUv* 145 Consol id Cor Heating. 100 32* 37* Penn. Steel 5s 1917.MAN BR’KLYN. Bedford*.... 215 A Trad. 480 | Imp Consol Flrew’ks-Com.100 10 Penn. Water—Com....50 Brooklyn Tr. 390 405 200 190 Broadway*.. Irving........ 147% Preferred ........... 225 285 Phil A Wil Steamboat. 50 132 142 Franklin..... 40 132% Brooklyn* . .. Leather Mfr. 170 2 Con Kan C Smelt A 1_____ Pneumatic GunCar’ge. 10 Hamiltou.... ....... 285 85 3* 95 8 th Ward*... Liberty ...... 140 4 8 Consol Rolling Stock.100 17 20 Pratt AWhitn—Com.. 100 Kings Co..... 280 104 107 5th Ave*.... Lincoln....... 750 50 Cramps’ 8 b A Bn Bldg. 100 70 225'* Isl li & Tr. 220 74 Preferred.............. 100 45 First........... 380 390 240 Manhattan*. Diamond Match Co... 100 W 0 * 141 Procter A Gamble.... 100 285 Manufact’rs. 237 Fulton*....... 180 200 235 Market A Ful Bnsley Land......... Nassau....... 159 101 Preferred.............. 100 160 105 2 0 c. 90 100 Ger Amer*.. 170 Mechanics 1 10 R.I. Perkins Horse Sh. 100 People’s..... 250 253 ....... 75 H a m ilto n * ... 105 Mech A Tra* 100 40 80 Eastman Kodak Co.. Preferred ...........100 95 100 tPrloe per hare Russell A Erwin..........25 05 80 * Banks marked with an asterisk (*) are State banks. 250 ....... Safety Car Heat A Lt.100 i oo 106 1 Purchaser also pays acorued interest. & Par. —See ee See 120 See —See 2 .. 10 12 L i THE CHRONICLE. 474 B o s to n , P h ila d e lp h ia and B a ltim o re S to c k t y S hare P rices—Not P er C untum P rices, .............. ... l. { i. 30. Aug, 31.’ 7 0 ft *7Cft 72 . . . . . . 7 1 ft »....... 74 23 8 3 ft 8 3 ft 2 8 ft 2 8 ft 2 3 ft 8 3 ft 2 3 ft 8 3 « 93JS Saturday, i Monday, Aug. 37. Aug. 29. sdau, A ug S e p t, E xch ang es— A [V ol, L x v n , D a ily and ACTIVE STOCKS. F r id a y * S e p t, 2. Y e a rly S a le s o f th e Week, H I n d i c a t e s u n li s te d . S h a re s R e c o rd . Range of Sates# in 1898, L o w e s t, H ig h e s t, J t u l l r o u i l 8 to c k * i. 71 B altim o re C ity Pas-so on e r ... (B alt.) , £5 7 5 ft F eb. 11 2 3 f t B altim o re C o n so lid a te d ,.. . . . . 25 " 2 3 fy H 2 4 ft Feb. U 28 23 ft 2 3 ft 2 d ft B altim o re C im so lid a te d T .. . . (P h ila .) . 25 2 4 ft F eb. 28 S3H 43H 250 A ug. 9 »4S» # 40 9 9 6 * * 8*8-5* * •23*5“ 2 8 7 ft 335*' 3*30** 235 235 235' 238 B oston & A lb a n y ,. . . . . . . . . . .(B o sto n ) .1 0 0 .100 09 6 9 ft i 69 0 9 ft 6 9 ft 6 9 ft 0 8 ft 03ft 6 9 ft 6 9 ft B oston E le v a te d ........................ 11 0 9 ft A ug, 20 « » S 2215 .100 320 j 225 . . . . . . 225 . . . . . . *225 .......... | 220 220 B oston A L ow ell. . . . . , . . . . . . . 4> 227 A ug. 27 8 47 89 7 .100 3 7 1 ft J a n . 7 1 6 4 ft 10-1 ft 16 4 ft 104ft 1 0 4 ft 104ft ■ 163 104 B osto n A M a in e ...................... *' 16SM I M H 1 1 7 ft1 1 7 ft Chi<J. B url. A Q u in c y .. . . . . . . . 44 .1 0 0 310ft A ug. IS 1 1 8 5 * 1 1SJ* 1Y7 ** i x i h l n o n i n f t 1 1 6 f t117 11 6 ft i1 7 ft 123 124ft C hic. Ju n e . A UII. S tock Yda, ‘* .100 124 125 124 134 12454 126 ........125 12 0 ft A ug, IS •1 8 4 l a e 1 2 3 f t1 2 8 f t 1 2 3 f t1 2 3 f t P re fe rre d ............................,, , 123 136 " 124 A ug. 22 1 1 2 ft1 1 3 ft 1 1 2 f t1 l2 f t 113 113 11 2 ft 118ft 1L i 2 ft 112% Ohio. M ilw aukee A St. P a u l, (P hilnA X U f t A ug. 27 . 50 2 5 ft 2 5 ft 9 5 ft 25ft 2 5 ft 25% C hoctaw O klflhom a A G ul f , . ‘4 27 A u g . 24 26 SCft 20 20 * 8 8 2m P re fe rre d ............... ................... 41 4 1 ft 41 4 i f t 4 1 ft l i f t l i f t 42 44 ,. 50 4 2 ft A ug. 26 2 7 ft J 4 1 ft 42 42 42 51 51 C onsol. T ra ctio n o f N. J .1 ... ,100 53 53 52 52 “ 53 A ug. 11 37 ,1 52 62 100 A u g . 9 98 J 104 104 41*04 1 0 4 ft 1 0 4 ft1 0 4 f t 104 1 0 4 ft 1 0 4 ft1 0 4 ft 10 4 ft 10 4 ft P itch burg, p re f........................( B oston) .100 *40 41 G a. statu th e m A F lo rid a.... . . . (B alt.) *40 .......... *40 _____ MO *40 42 A ug. 26 2 7 ft 3 *40 171 8-1 I' 4) 9 2 ft A ug. SO oT * •9156 9 2 ft 9 2 ft 9 2 ft •9 2 ft 93 *92ft 9S *92 9 2 ft 1 st p re fe rre d .,, . . . . . . . . . . . . m 7 3 ft 7 3 ft 2d p re fe rre d ,..... ........................ “ 844 55 Z .100 72 7 ‘2 ft 7 2 ft 7 2 ft 7 2 ft 73 7 3 ft A tig. 25 71 71 72 72 20 ft J a n . S 3 0 ft 21 SOft 21f t 21ft 2tft S i f t 2 1 ft L ehigh V alley.............................. (P h ila .) . 50 3,874 1,9ft .1 s iM s iM 216 216 *450 4 ft J 6 Oft J&u, 12 5 ft 6ft *3% 0 M exican C ontra!................. (B oston) .100 C 0 6 0 0 8 0 ft 8 0 ft 20 7 0 ft J N o rth e rn C e n t r a l ( B a l t ) . 50 83 J u n e 30 •8 0 82 * S 0 ft.......... ♦ soft . . . . . . *30ft • s o f t .......... 19,428 19 1 N o rth e rn Paejflc ............... (P h ila .) 4 1 A ug, 26 8 9 ft 41 3 8 f t 3 9 ft S S ft 39ft 40 4 0 ft 40 4 0 ft 7m9 uft 40 79% P r e f e r r e d ... ..,,.,,................. 44 .100 0,230 6 7 ft 2 79 f t S ep t, 2 7 0 ft 7 6 ft 7Uft 77ft 7 7 ft 7 3 ft 7 7 ft 7 9 f t 77ft 9 185ft 2 (B oston) 190 190 ■ 100 193 192 192 Old Col o u r. 190 190 ‘..........190 195 J u ly 2 *.......... 105 .100 1,309 18 J 30 f t A ug. SL SO 3 0 ft 8 0 ft 3 0 ft ♦ 30ft 3 0 ft 3 5 ft 3 5 ft O regon Stio r t L in o .................. *4 36 SO 85 35 , i (P h ila .) . 50 1,838 5 5 ft 3 5 9 ft 5 9 ft 5 9 ft 5 9 ft 5 9 ft 5 9 ft 5 9 ft 59ft P e n n sy lv a n ia . 00ft F eb. 7 5 9 ft 5 m 9 4 ft 9 4 ft 9 1 ft 9 4 ft *94 9 4 ft 94% 9 4 ft P h tlad elplila T ra c tio n . . . . . . . 44 ■ 95 A ug. 29 , 50 1,581 77 2 a m 04?* 9 4 ft 95 . 50 4,529 7 13-10 lif t Jan 0 “ 9 0- 10 m O ft 9 9-16 Oft Oft Oft 9 7-10 R ead ing Co mp& ny. . . . . . . . . . . m 9 f t 9 f t 9 7-10 . 60 5,089 18f t ? “ 27 1-10 F eb . 8 2 2 7-16 e -lb 22ft 7-16 21 3-10 a if t 21 11-Id f t 2 1 ft 21% 21% 21% 1st p re ferre d .............................. 50 1,780 2(1 p r e f e r r e d . . . . . 11 14 9-10 Feb, 5 11 ,11 d o 13-19 ys MO H .......... 10 18-10 11 11 *11 ...... 83 8 4 ft 34 3 4 ft 3 9 ft 8 4 ft 33% 3 3 ft O nion P a e iile............................ (B oston) .100 12,063 1 4 8 * 3 4 ft A ug. 27 33M 34 H 32ft 34 8,4 97 47 3 0 7 ft A ug, 27 B 5ft 67 05ft 60M 0 6 ft 0 0 ft 0 6 ft 6 7 ft 0 0 ft 0 7 ft P r e fe rre d ......................................(P h ila“.) .100 em 50 10,134 12f t .1 2.1 f t A ug. 22 H 2 0 H 8 0 ft 20 ft 8 0 ft S o ft 2 0 ft 20ft 20 ft 21 ft 20% 21 O nion T ra c tio n ............... 515 87 87 87ft. A ug. 11 67 67 78 2 80M S7 W eat E nd S t r e e t . B o s t o n ) .. 50 *3 7 ft S 7 ft 8 7 ft 8 7 ft 87 87 i> li« e e IliL u e o it» S t o c k s . *283 284 28 3 284 283 883 8 8 1 f t 2S2 2Slft 2Slft 279 281 A m erican B ell T e le p h o n e ... (B oston) ,.100 ,.100 1 4 3 ft 14 0 ft 1 4 2 ft1 4 4 ft 142 1 4 1ft 1 4 3 ft 144ft 144ft 145% 148% 145 A m erican S u gar R eiim u g 1.. 44 P re fe rre d “ ,1 0 0 115 11 5 ft 115ft 115ft 4 1 5 110 '115 116 1 15ft 110 1 1 5 f t 110 25 44 2 2 0 ft 2 2 6 ft 226ft 228 228 227 227 228 228 B oston & M o n ta n a .................... 2 2 m 2 3 0 ft 229 44 . 25 2 4 ft 2 4 ft - 4 f t 2 4 ft 2 4 ft 2 4 ft * 2 4 ft 2 4 ft 2 3 ft 2 4 ft 2 8 ft 2 3 ft B u tte &- B osto n $..................... 44 . 25 ’..........590 585 585 590 590 C alum et & H eela 590 685 585 .100 60 00 *d5ft 60ft 06 * “8 6 ft 00 66 *05 ft 6 0 ft 00 00 C onsolidated G a s . ( B a l t . ) 2 8 ft 24 D om inion Goa! — . . . . . . . . . . (B oston) .100 2 2 ft 23ft 2 3 ft 24 ♦ 22ft 2 3 ft 28 22ft *22 ft 23 3 4 ft 3 4 ft 3 1 ft 8 4 ft 35 357^ 3 5 ft 3 0 ft 3 0 ft 3 7 ft E lectric S torage B a tte ry 7 .. (P h ila.) ,100 85 35 42ft P re fe rre d 7 , . . . . . . . . . . . . . . . . .100 44 •lift 41ft i\ H 4 2 ft 42 75 70 ft E rie T ele p h o n e .. . . . . . . . . . . , .(B o sto n ) .100 74 13 ft 75 ”4 7 4 ft 7 4 ft 7 8 ft 7 4 ft 73 73 .100 7 0 ft 7 0 ft 70 7 l f t 72 7 2 ft 72 7 3 ft 73% 7 4 ft 7 2 ft 7 8 ft Illin o is S tee l.,............44 *22 22ft L am so a S to re S e rv ic e . . . . . . . 44 . 50 *21ft 22 22 22 2:3 2 3 22 4 * 2 1 ft 22 50 38 ' 38 *3 7 ft 3 8 ft L eh ig h Coal A N a v ig a tio n .,. (P h ila.) 88 38 3 7 ft 3 7 ft 33 88 .100 , 44 *0% 5 ft M arsden C om pany 1 Oft 6 ft 6 ft 6 ft 6f t 6 ft 8 ft sh m m *140 1 4 0 ft New E ngland T e le p h o n e .. . . . (B o sto n ), . 100 ♦ 140 144 ♦ 140 144 *140 143 .......... 143 25 8,613 41 a$M 2 9 ft 2 8 ft 39 Old D om inion C opper T .. . . . , 2 9 ft 2 0 ft 29 29 ft 2 8 ft 2 9 ft 2 8 ft 29 s u f t 2 0 ft 20 ft '20ft 20% 1 9 ft 20 P a. M fg. L ig h t & P o w er? . . . (P h ila ,). 50 20,723 SOft 21ft. 20ft 2! 50 lO,.20i 1 2 0 ft 12 6 ft 119 f t1 2 d f t 119 f t 1 1 9ft 120 1 22ft 121ft 122ft 1 2 1 ft 122ft U nited G as Im p ro v e m e n t? .. 44 25 4,855 1 7 ft 1 7 ft 17 17ft 17 17ft 17ft 1 7 ' m i m i 1 8 ft 18ft O tilted S tates CHI...................... (B o s to n ). 5 3; 1.16 53 54 W elsbach L ig h t T ................. ,, (P h ila .) . 54 58 54 57ft o4 o5 51 51 (B o sto n ).,. 25 25 1 1 1 ft W est E n d L a n d ................... ♦1 1 ft *1 1f t 1ft *1 1f t *1 ,. 50 1,470 3 'f t 32 W estiugh. E le c tric A M fg ... <4 80 8 0 ft 30 32 * 8 0 ft 81 *31ft 3*2ft •Sift 32ft 03 ,. 50 5 ft 57ft P re fe rre d ........44 68 58 *57 5 8 ft *57 58 ft *57 5 8 ft 58 58 * Bid and ask ed prices; n o sa le was m ade. * T r. re c e i pt a; all Inatal paid- t T r. reels. 7 E x rig h ts. B id . Ask, B id . A s k BONDS STOCKS-BONDS B id , Ask, SON PS INACTIVE STOCKS B id . A ek. M IS C E L L .—C oncluded. B o s ! o n —Co del u tl ed. JBn.I t i m o r e —C oneliPd, R A IL RU A m — L r i C e S Ogd & L C coti 6 s / 20 A&O * 95 3 2 JUifc B u tH A S M 44 10 A t T op A S F e .. (Bo&t) 100 H IM 116 Incom e 0 s ................ 1020 15 M arsdeu p r e n (P h il) 100 40 10S!* A tl A C h a rlo tte (B a it) 100 A lergenthal e r .. (B e st) 100 181 180** R u tla n d 1 st 6s, / 0 2 MAN $ 100” 107 W ilC ol& A ug 68.1910 J& D B a lt A O h io .... 44 100 § 98 100 2d 5 s ,.........................,1 8 9 8 -P&A 115ft : : : : : : M orris C a n a l...(P h il) 100 B ob & M aine pf, (B oat) 10C 150*' W est E nd S t 5 s .. '02 MAN 5105 P re f.......... 4t 100 B oston A P ro v. 44 100 4 f t s . . . ........................ 1014 MAS O sceola M lnlng(B ost) 25 5 0 ft 5 0 ^ Bonds—Pit! Sad el ph1n O a t & w i s a a ( P h U} 50 Gold -is........... 19 16 M&N 5104ft A ill C ity 1 st 5 s g ./1 9 M & N 107ft 100 P a r r o tt SllACop 44 10 1 st p re f ........... 44 5 0 § L04ft A 4 s ..................................1917 F& B uffalo R y con 1 s t 5 s. ,’31 1 12ft P e tm sy l S a lt ... (P h il) 50 C en tral M ass.. .(B o a t) 100 C atavrissa M 7s. 1900 F&A P e n nay 1 SteelT . 44 100 20 F r e t...................... 44 100 Bon i|»—B a l f 1more. C hes& D C a n ls t5 s /1 8 J& J 5 2 1 55 P r e f 7 .............. 44 100 8P ft C e n tra l O hio. . . (B ait) 50 P b il’d e ip h ia C o(Jiost) 50 80 37 f AC &• Ch 1 st 73.1907 J& J 119 122ft C hoe Old a & G p rio r lien 08 108|4 C hic A W M ich, (B oat) 100 P u llm a n 's P a l ,. 44 100 185 1S6 ! A tlG -LSghtl stS alft 17,1 & D G eneral 5 s .... 1919 J& J 108 1 0 3 ft C it’a S t o f In d a l <Phil} 100 Q uincy M ining, 44 25 119 U 9 f t| B a lt B e lt le t 5s, 19 9 0 MAN 100ft C it's 'S t i:ty(Ind}con 5 s /88 78 80 C ity A S u b u rb ,. (B a li) 50 R eece B ut to n h . 44 10 m i 12 ; B al tC P as 1st 6s. 1911 MAN 115 C olum S t R y 1 st con 5 s / 8-2 C on n & P a se u m (B o st)! 00 153 Colum O C ro sst l3 t5 a ./3 8 5ft 5ft; B a it F u udg 53,1916 MAN 123 255 260 S a n ta Y eabel G 44 5 o r;R iv e .... C on T ree o f N .3 1 st 5 a ./3 3 P. 0 15 T a m a ra c k M in. 44 25 179 L 79ft, E xch ang e 3:ft.a. 1930,1 &,] 107M | lin t & P ere M. 44 100 14 B a it AC h lo 4,s g. 1985 A &C 118 D el & B ISSr 1 st 7 s /05 F&A P r e L .,. . . . . . . . 44 100 89 4 0 ft U nited E l S e c ,. 44 50 .PitfsA C on 5 g. 19 25 FA A 118 P r e f , , . . .......... 44 100 B ast& A 1 s t M 5 s / 20 M AN 100ft G T m n n fn P a ss (P h il) 50 133 S lat Id! 2d 5 g. 19.20 JA J W a te r P o w e r., 14 100 i E d iso n E le c 5a a tk t r ctfs, 110 H e sto n v M & T 44 50 40 ReceiverB c e rtif 0S.J& D 2-0 E ieeA P e o p 's T r s tlt t r c tfs o s u " 94' ‘ W ei s b ach Com T (P h II) .10 0 P r e f .. . . . . . . . . 50 0 7 ft :. || 80 P re f 1 .............. 44 100 Elm & W i Im 1 st 0 » / L0 J &J H u n t & B ro ad T 44 50 10 D o P lttsb fo C o n 5d.JA<! In co jae 5s... ,2 8 6 2 A&O W esitm’re l Coal (P h il) 50 P r e f . . . . . . . . . . 4‘ 50 S8ft Eq 111 G us-L la t g 5 s.l9 2 S 107 i d / g W o 1v e rin e M ia. (B oat) 2 5 27 ft 2 7 ft B o M ain L in e 5 s .. . . . . . , K C F t S A M .. (B oat) 1 00 10 B& OSW l s U f t g, i 990.3 AJ 10 L 101ft H e sto n v M & F con 5s. *24 W o lla sto n I f d , 44 5 P r e f , ........... 44 TOO 45 1ft B a lt A P I stdsm 11911A AO 121 H & B T op con 5 s / 25 A v O L ittle S c h u T lk .(P h il) 50 5 3 ft 1st Os tu n n e l 191.1..JA J 122 I n te r n a l N av 0 s. . . . . 1906 106 B o n d s —B o s to n , M ain e C e n tra l. ( H ost) 100 130 B al T rue 1st 5s. 1 9 20M AN 115 K C S u b B 1 st Os. .'2 0 J& D 101 M etropoi S tL . .(P M l) 100 l 5 2 ft I 5 | f t A m Boil T el 7a. 1898 FA A E x t &. Im p 6 g J 901M & S 10 5 ft 106 K C P & G 1 st O s,/23 A &O 78 M inehxll & S II . 44 ' 50 50 50 is, A T A S F g e n g 4 s . *95 A AO 9 3 ft A d jn s tm e n t g -4a. .1995 il2 “ L ehigh N av 4 fts . / 14 Q-J N e a q u e h n n ^ Y. “ 50 53 55 71ft. N a B aitD iv 5s. 104 2J &■D 116 Oonv’rtlb le a s 1.9 06M&N 1 0 8 ft 10 4 ' B & M 3d is 7s.'D 2-07 MAN 108 37 . . B osto n Term*} 8 ft a., 1947 .109 i i T * Cap e FA Y sr A tig. 19108 &D 71 7.5 onsul 7 . . . . : 1 ... P r e f .................... 44 100 97 1 st 0s Her B ..1 9 16 t r re c 45 50 B os U » G as 1 a t 6». ’39 J &J A 93 9-1 G en M 4 fta g . . .1924 Q -F 1 0 2 ft N o rth P e n n . ...(P h il) 50 1 st 6a aer C ..1910 tr roe 4 4 ft 50 *05* “ 2d M 5 a ,........ 10,39 J& J 79 80 L eb V CM 1 s t5 s g /S S J M N o A W B ra n c h 44 50 C ent Ohio 4 fts g /8 0 M&S 104 B ur& M o lil v c x 'p t 0s. J &,] L ob Yal e x t 4s., 1048 J& D U 4M P e n n Sc N W .,» 44 60 25 N on -ex em p t Os.’lS J& J t l o ? ‘ 108** C entra] Ry 0 s ... 1912 JA J 2 d 7 s ............. 1010 M&S P h il & E r ie ..,.. 44 50 17 Consol 5 a ,.. . 1982 MAN 117 P la in 4 a .. . . . . . 1910 J& J | 95 P h il G erm & N . ** 50 180 Consol 6s.......1923 J& D 1115ft 11 6 ft Oh B ur& N 1 s t 5a ABB A AO 123 A n n tiity 6 s .. . . . . . . ,J &D 107**; E x t & Im p 5s,1932M & 8 n o f t J 1 0 ft H nU ed N J ........ 44 100 257 2d M 6 s ......... 1918 JA D 1 105 100 . C haiiC A A extS a. 1910 J &J 108 17 N ew ark P a s s con 5a. 1080 112 U n ite d T r o f P . 44 50 C heaap G as 0 s .. 1900 J& B 104ft P r e f . . . , . ........... " 50 I I H •40 Ch B ur & Q 4 s .19 2 2 FA A $100 NY P h & N o rlst.8 s/2 S J& J C ity& 8ub ta t 5 s.l922.IA U 115ft iVtift W ent E n d p re f.(B o a t) 60 105 105ft Iow a D iv 4s. 1919 A&O $ 08 *enn is ./8 Co] A G m v 1 st.5-0.1 9 1? J &J 116ft 117 Ch i.cago J unc 5s. 1915 J AJ |H 4 W e st J e r A 8 S ,(P k ii) 50 53 Cten M 7 a .........1908 J& J Conuol Gas 6 S ..1 9 1 0 J& D 117 n o Ch & N o M gn 5 s .’3 1 MAN | 58 60 W e st N V A P n , 44 ' 50 P e n n gen 0s r . . . 1010 V ar m m 5s.......................1.930 J& D n o m Chi & W M gen 0a."3t J& D I 72 W lacon C en traft B oat) 100 2 C onsol 0s c . , , , 1005 V ar C on. of V o rm 't 5s. T 3 J A J ♦ 74 '*7*5* * G a A A ittlatp f5 a10 4 5 A&O 104 105 P r e f ..................... 44 100 C onsol 5s r . ... 10 1 9 V ar 2 O u rr’t R lv Lit, 6s.’27 A AC $ 8Q 85 GaCurA N 1stSft ft, 19 2 9J &J 94 g if t W o jN a a h A H . 44 100 125 CoHafcTr 4ftg g/1.3 J& D M IB C ELLA N E C US. D G R A IV 1 st 4.&.T0 A & 0 8 7 ft G e o rg laP lst5 -0 s 19 22 J& J 120 129 ft. P a & N Y C an 7 s ./0 6 J& D .......... 4 A lio u cr M ining (B u st) 25 Bom .in C oal !»t0s,T 8M & S | m " 112 Q aSo& Fl a l a t 5s .1945.1&J 100ft 100% C ons 5 a . , . . , . 1089 A&O 107* * uke R F! l8 tg u 6 a’42M&.8 112ft 113 2 A m B y El L L I .( P h U ) ... . C ons 4 s ..........1939 A&O ®>t E a st'll 1 at M 6s g.'Od MAS i n sft; 120 LM.ac&N l« t 4 ft h. 1990M&S F r Elk A M Y 1»t04*SS end $137 A n a co n d a M in ,(B o at) 25 P e n n S teel Iat,5 * /1 7 M&N “ tfs** 106" MotST/ W a s h ) 1 b i; 5 b' 25 F A 118ft. Unst-'p’d 1 st O s/38 A&O 1137 A nnlftton I*and. " 100 P e o p le ’s T r t r certa 4 s,*48 10 0 ft lliin S teel oonv 5 8 /10 J &J l 09 100 N ew Or3 G as 1st 5 s ... V ar too A rn o ld M ining. 44 25 1 0 ft P e rk torn la ts e r S a /I S Q -J 102 ' Be ben tu re 5s, 19 13 A AO 1 m A sh R ed M in'g. 44 25 J & i 3 P h titt E lec gold tr u s t c tfs 10 2 ft 102ft 9 7 N r>rth C ent 4 fts. 1925A AO 112 6a 1 0 0 0 , . . . . A&O 105 A tla n tic M in'g, 44 2 6 20 2 0 ft K C C A 8 1 s t 6s g / 26 A AO l 80 85 P h & E r gen M 6 g /2 0 A&O 6s gold 1900 ............. I&J 104 18 K C Ft, 8 AG 1si 7 8 /0 8 JA B $115 n o G en M 4s g. .19 2 0 A&O B a ltic M ining,. 44 25 1 L2ft K C F SAM con 0 s / 28 MAN n o m P h & R ead 2d 5 s /8 3 A&O B a lt W a re h u fte(B alt) 20 21 10 3 ft 0s 1004....................... J A J 117 Series A 5a 1 9 2 6 .,,,J& J K C M & B 1st 4 a ./3 4 M AS C onsol M 7 e ,. 1911 J& D 1*82 ** \ 80 B ay S ta te G as7.(B oat) 50 8 1 ft m Series B fm 19 2 0 ..., J &J 117 In co m e 5 s ......................... & 86 87 Con M 0a p ... 1911 J& D B ergA E ng B r' f t (P h 1Q 100 60 75 10 7 ft E x t Im p M'1.9 g,M 7 A&O 10834 Ohio AM l flt?8 D1905M &N P re f .......... 100 95 96 K Q & M fly& B 5 8 /2 9 A AO $101 Pltts& C an 3at 7e 1898J& J LYi *' Con M o f *82 J.s/3 7 J& J 101' K C S t J o A O B 7 s / 07 J AJ ,'$119 B o sto n E lec L t.(B o s t) 100 159 105 P itt Un T rue 53.1997 J& J 105 -yr b f 5s g. 1002 F& A 1 B o sto n L a n d . , . lt 10 4 4 ft L atn s'n Bt'rci H 0 8 /0 9 MASP o tom V al 1a t da, 19 4 1J 6 3 L H ook& F S 1st. 7 4 /0 5 J Ad i’oT* T erm ituil 5» g»194.1 Q -F ii s * B o y b tq n S t LT, u J5 Sec A vd’af P itt s ) 58*84,1 & u 11 Ift P W ll &BaJfc 48.10 17A&O C am bria Iro n * .(P h il) 50 ' m u ‘ W i l L IBASfc J. 1si (is y /2 0 A AO 40 108ft Scab & R oan 5 b.1926 J& J 104* 1.0 4ft O ollat tru s t 4a, 10 2 1 J& J C an to n <-o.. . . . . 1B ali) 100 77 ft ^ r U \ 2d M 5-6 g.,.,19 36 A AO P itt* C & StL 78,1.900 F&A i0 5 * ‘ Y irK M kU .st0iU 9O 0M & S 1 l 1 C tan te n M ining. (B oat) 25 1 8 ft i a g M ar II & O ut (L ../2 5 A &U $ 1*16** R ead Co gen 4a, 1907 J& J 8 2 ft 8 2 ftM ex C oiitm l 5a. 1917 A & l );► 5........ .. 2d series 0s. . I l l 1 M&S 117 G entm l T ra n n ,, (P h il) 38 2-i 101) Itoehesf e r R y con 5a. 1030 3 d scale a 0 s .. 1910 M AS 1 17 Dorn In CoaJ p t * (.Bent) 100 1 13 i i i f t ! 4s g . . . . . . . . . . . 1 9 1 3 J ' $ 6 6 ft 60 4 th «er 3-4-5s, .1921 M&S 100 Sob R E S tde LrSfcSe g 485J& D 105* * E d n o n El I I I ,,. “ 100 105 1st eon Inc 3s g h oh-cum 13 14 ft U nion T orn/1 1st 5*.F&A 6 th serie s 5s. 1086 MAS 105ft F t W ay n e E lect “ i 25' 1 2d con In c 3a n an -ad im. 6 Y e (S ta te ) 3 l< m ?w / 82,f&J s i f t 8 2 ft I U nited N J 4s, .1 94 4 M &S F ra n k lin MlGi’g. 44 35' I t 1 4 ft New E n g T ele 0 8 /9 9 A 4 0 OOP U n T raeP I 1,ts g y n 5s '0 7 J &.J 104ft F ren ch B ay Ld. 44 & . . , . , , . . . , , . 1 0 0 7 A AO f'/jaid d e b t2 ‘8s. 1991J &J 7 5 ftt f t N 0sYAN U: iA ud ac cru e d in te re s t, 7 D nh Bt.ed. E n g 1 st 7 fl/05 J AJ f i l l ) G en eral E leet-., 44 100 Y a& T en d 2d 58, i 909 J &J 100 .... __ _ ,c ton; ♦ Priceincludes o v erd u e c o u p e m . 1si m a rt h a ., ,J 905 J &.} H i 3ft' . . . . 8 s „ .................... 1900 J& J .100 .100 .100 .100 .100 .100 20 mV |w 10 THE CHRONICLE. Septembek 3, 1808. j 'g u w is tm m t ROADS. AND R A IL R O A D E A R N IN G S . The following table shows the gross earnings of every 3TEAM railroad from which regular weekly or monthly returns can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two columns the earnings for the period from January 1 to and including such latest week or month. The returns of the street railways are brought together sep arately on a subsequent page. Jan. 1 to Latest Date. Latest Gross Earnings. WeekorMo 1898. 1897. 1897. 1898. *$ $ Adirondack......June.......... IS, 145 13,232 10^,061 100,330 30,821 Ala. Gt. South.. dwk Aug. 33,422 1,068,16 4 971,063 68,493 49,755 408,790 Ala. N. Midland.. June........ Ala. Tex. Pao. Juno. 25.000 23 000 825,216 335,237 NAla.Orl.AO.AVioksb. N. EA IstwkAug. 738,705 10.000 9.000; 388,488 321.752 IstwkAug. 8,0U0 6 000 Vicks Sb.&P. IstwkAug.' 383,465 296,310 Allegheny Val.. July......... 219,557 218.082 1,488,173 1,369,-ld Ann Arbor........3dwk Aug. 25,973; 25.656 798,536 908.798! 8.301 55,068, 41.407 Ark. Midland... July......... June........1 5,95012,594,231 8.301' Atcb.T. 21,555,336; Atlanta AAS.Fe.e Char May......... 3»7§6,«93 124,590 121,425 668.297 18,675,231 ▲ tl.Knox.ANo. July......... 24. 18 24.5^81 176,461; 682,954 J 49,81 L 37.759 Atlanta* W. P.jJune........ 39,490 273,128 264,035 10,590 Atlan. & Danv..j3dwk Aug. 11,699 355,727 335,374 10,914 Austin&N’west;.May......... _ 9,542 2,245,492 Balt. & Ohio.... July.......... 2,305.991 15,9 52,380! *4,370 14,375,211 L4.261 142,331 133,062 4,297,83 Bai. & O. Sou* w 3dwk Aug. 3,893,824 1,459 10,0371 BathAHam’nds Ju e ........ 1,586 10,181 1,592 1,560, 14,346' 11,979 Blr. A Atlantic.!July......... 298,242 273,806 Brunsw’kAWest, Juuo........ 61,502 73,223 48.896 Buff.Rooh.APitt 3dwk Aug. 66.081 2,369,328; Buffalo & 8 u 8C[.. J u ly ........ 49,6 9 50,559 318,461! 2.077.013 320,568 2,513,499 Bur.O. Rap.* N. :3d wk Aug. 107.036 2.412,322 93.299 96 491.0 0 505,00 • 15,090,382 13,310, CanadianPaoitic 3dwk Aug. 33.634 30 232 Car. Midland.... July.......... 9,353 84.532 5,788 3,164.039 85,326 Cent.of Georgia 3dwkAug. 2,997.043 Central of N. J.. July.......... 1,034,644 1,239,433; 6,782,461 6,706a 31 1,044,317! Central Pacitio June........ May......... 1,474,335 Charlest’nASav 62,275 50.1341 6,0b2,4>o 4.728,357 349,631 Chas’n A W.Car.iMarch...... 87,529 79,564! 386,552 260,457! 241,188 Chattan’ga So..|.*dwk Aug. 1 328 1,774 48,185 44.183 Ches. & Ohio— 3dwkAug. 258,551 224,146 6,979,789 7.366,115 Ohio. Bur. & Q.dlJuly.......... 3.086.197 3,043.059 22,937,948 10,98 4,906 76,430 2,590,834 2,407.891 Ohio. &Gt.East.Ill.jildwk Aug 102.912 Chic. West’n 3dwk Aug. 125,189! 118,005 2.981,099 3,312.15 <| Chic. Iud. & L.. 3dwkAug. 07,611; 71,19* 2,022,228 1,893,216 Chio.MiL&St.P 3dwkAug. 652,674 619,316 20,195.213 18,26^,659 Ohio.* N’thw’n.'July......... 17,280.822 Chic.Peo.ASt-L July......... 2,8l9.284i2,944,013 50,873 53,719 19,813,939 458.716 406,908 7,862,376 Chlo.R’k I. * P.. June........ 1,570,709 L.385,015 9,352,636 3.446,865 3,72 4,540 Cblo.St.P.M.AO June........ 614,141 635,538 Chlc.Ter.Tr.RRJ.3dwk 730,805 668.609 Ohio. &W. Mich J June........ 3d wk Aug. Aug. 22,75** 43,890 21,539 33,042 1,123,250 972,918 Choo.Ok.AGulf. 98,429 60,846 477,445 739,*73 Cin.G.APorts’Lb July.......... 5,488 5,577 33,427 32,444 Cin.N.O. AT.P.jJuly......... 400,539 312,602 2,031,839 2,589,021 Cin.Ports.A Vlr. March...... 22,716 19,412 52,283 61,408 Clev.Can.&So.. 3dwk Aug 12,270 10.707 431,153 383,749 Cl.Cln.Ch.A8t.L ^ 3d wk Aug. 287,763 277,780 8,87 .202 8,360,687 41,006 40,053 927,901 1.053,194 Cl.Peo. Lor.&AEast'n. Wheel... 4thwkJuiy 3dwk Aug. 30.835 24,310 758,298 929,^88 CoL Midland.... .July......... 140,953 143,507 938,649 910,169 Col.H. V. &Tol. . July.......... 202,516 155,986 1,271,106 1,427,665 Col. Sand’y A H. 13dwk Aug. 22,170 9,644 520,312 422.066 Colusa* Lake.. July......... 2,155 9,850 10,955 Crystal..............J une..........j 1,300 868 5,658 1,215 7,166 360,226 CumoTd Valley June........ 76,411 82.797 388.721 168,100 Oenv. & Rio Gr 3dwkAug. 4,313,631 151,500 5.079,429 Dea M. N. A W.. July......... 35,0*7 35,485 294,086 228.452 Det.G.Rap. 3dwk Aug. 30,798 29,189 898,278 773.236 Det. AMackinac LimaAW. No. June........ 3dwkAug. 8,134 7,207 205,855 264,289 144,131 Det. A 49,MO; 281,524 970,940 50,449 1,140,110 Duluth S.S.AAtl 3dwk Aug. 30,371 36,063 ElginJoi.AEast. July......... 98.814 90 037 851,948 654,786 Erie....................July........... 17,747,004 2,570,090 EurekaAInd’plla Springs. June........ 4,338 2,850*894 4,076 18,069,993 25,924 28,799 Evans. 3dwk Aug. 8,720! 179,268 186,643 7,768 Evans v. AT. H. j dwk Aug. 26,003 26,688 743.8O0 669,771 Fitchburg..........June......... 3,278,360 564,663 3.392,613 596,437 Flint & P.Marq. 3dwkAug. 61,349 52,381 1,816.090 1,686,731 1,468.154 Fla.Cent.* Pen. 3dwk Aug. 33,623 Ft.W’thADen.0. 3<iwk Aug. 73.767! 675,931 27,189 33,417 1,990,908 803,507 Ft-W.ARioGr 3dwkAug. 170,5,103 57 6,340; 270,384 5,023 Gads. A Att. U. July......... 02-i: 723 4.206 Georgia RR......3dwk Aug. 902,815 26,4171 925,243 24.319 Georgia A Ala.. 3dwk Aug. 23,232; 20,911 752,627 631,239 Ga.CaPla AFla.. No. July......... June........ 52,919, 57,533 403.494 427.609 Geo. So. AAInd.. 483.549 76,622 570,652 1,192,710 Gr. Rap. 3dwkAug. 88,433 47,053, 41,693 1,310,928 250,049 Cln.R.*Ft.W. 3dwk Aug. 9,509 8,328 279, U1 Traverse 3dwk Aug. 25,734 24,009 7661 960 77,403 69.902 Mus. G.alllines. R.City. AI. 3dwk Aug. 2,734! 2,574 1,537,269 Tot 3dwkAug. 60,062, 1,093,264 53,555 ■ Chlc.AGr. Gr.Tr’nkSyst’m 3dwkAug. 462,794! 487,093 L4,57o,204 L3,812,064 Tr 2dwkAug. 2d wk Aug. 61,153 2,253,1 63,246 9 1 , 8 1 4 ,010 Det.Gr.H.*M. 21,214 22,5 471 542,007 580,917 Great NortlTn—July......... 1,410,375 7,575,015 9,269,148 835,55 East of Minn. .July.......... 213,346 1.447,002 930,222 1,127,588 105,589 16\290 106,229 1,104.003 July......... 9,538,157 July......... 1.778.820 11.363,373 1,789,011 I uly......... 17,94 12.801 98,256 70,643 July......... 2 7,258 23,548 2,851 3,788 29,6 5 July......... 5,226 1,108,857 28,866 4,439 179,227 1,102,773 May......... 178,339 Inly......... 120430 6 119114075 »15273575 ♦ 12085769 137,484 140,363 393,072 April........ 32.218• 4(4,483 m. North’n A Iowa June........ 52,50 58.253 01,454 1,939,797 IInd. a. AGt. 1,980,130 3dwk Aug. 54,754 (Interne. (Mex.)! Wn Aug. 13 56,700 55,490 1,974.700 1,642,050 Iowa Central. 1,160,810 997,056 Jdwk Aug 45,099 3,06 4 39.507 July......... 2.23 7 28,806 20.250 $ . ; 1 1 3 0 ,7 0 475 Jan. 1 to Latest D&te^ 1898. 1897' $ Jack. T. A K. W July.......... 29,547 20,179 217.583 185,490 Kanaw’a*Mic& wk Aug. 10,756 10.470 341,647 325,647 K.C.F. ScottAM 3d Aug. 83,572 90,564 2,972,633 2,851,467 K.O.Mem.A Bir. 3dwk 3dwk Aug. 20,360 913,453 711,367 Kan. C. N. W .... July.......... 21,754 20,239 195,181 187,043 Kan. City AOin. 3dwk Aug. 6,153 25,775 7,058 154,353 152,137 K. C. Pitts. A G. 4thwk Aug 113,999 76 J 15 2,111.380 1.356,227 Kan.C.Sub.Belt. 3dwk Aug. '10,735 *9,0(0 *299.756 *227,322 KeokukAWest.c 3dwk Aug. 15,079 13.371 343,223 342.687 L. Erie AA Hud.. West 3dwk Aug. 71,146 73,952 2,115,233 2,117,786 Lehigh July......... 31,797 36.632 210.094 200,547 Lehigh Val. RR July.......... 1,703,086 1,607,171 10,132,673 9,749.694 Leh. V. Coal Co July......... 1,432,937 Lex’gtonAEast. June........ 17,737 1,455,761 18.849 7,924,064 105,802 7,833,836 104,811 Long IslaudRR July.......... 528,470 525,925 2,366.012 Long Is. System. Juue........ 481.799 472.635 1,936,982 2,207,798 1,794,740 Los Ang. Term July......... 10,416 11,419 49,506 51,168 r.Anio L’ .C.CI* T 3dwk Aug. 1 32.834 Louis.Ev.ASt.L Lou. EL A St. L.. 2dwk Aug. 8,571 29,676 10,-91 938,497 297.844 865,384 275,293 Louisv.ANashv. 3dwk Aug. 417,690 403,186 13,939,374 12,784,090 Macon A Birm.. July.......... 4,307 4,556 30,450 Manistique July.......... 12,163 15,879 71.816 32,673 76,197 :Mexican Cent.. dwk Aug. 226,235 216.976 8,467,696! 8,191,202 Mexican Inter’l. Ju n e........ 271,929 236,829 1,665,972 1, ">42,766 tMex. Mex.Northern National . 3dwk Aug. 105,411 101.808 3,848,315 3,766,813 44,352 48,715 228,793 271,749 tMexican Mexican So...... R’wav May......... WkAug.13 72.000 78,009 2,552,100 2,314,000 2dwk Aug. 11,970 15,*54 418,542 450,250 Mineral Range. June........ 15.748 13,386 Minneap.ASLL. *dwk Aug 46,597 48,619 1,286,868 1,219,142 M. Aug. 70,913 66,547 2,323,029 2,124,561 Mo. Kan. ASt.P.AS.St.M. Tex 3dwk 3dwk Aug Aug 209.948 223,393 6.321,488 6,356,129 Mo.Pac.AIronM 493.000 3dwk 534,00. 15,690,114 Central Br’oh. 27.000 3dwk Aug. 33,001 825,354 14,057,312 654,496 Total.. 520.00 3dwk Aug. 567,0016,515,468 14,711,808 Mobile A Birm.. 3d wk July 4,282 5,187 196,337 166,247 Mobile A Ohio.. J uly.......... 339.700 299,143 2,411,644 2,176,472 Mont.AMex.G’f. 108.700 112,900 882,380 795,067 NNevadaCentral. ash. Oh. A St.L. July.......... July.......... 549,531 3,030,378 May.......... 6,163 480.278 3.777 3,285,251 20.338 13,642 N. Y. C. AH. R.. July.......... 3,298,217 3,632,250 25,* 70,640 24,973.926 N. Y. Out. & VV.. 34 wk Aug. 82,221 2,339,304 8.-»,603 2,438,474 N. Y. usq. A W. May.......... 185.850 181,922 803,250 826,663 Norfolk* West. 3dwk Aug. 247,367 247,310 6,984,705 6,705,150 Northe ’n(Ga.). 4,294 3,833 28.^24 23,804 Northe’ ’n( .C.) May.......... March....... 50,230 45,870 162,676 160,159 North’n Central. July......... 530.S15 3.543,309 547,6-7 13,470,129 3,574.088 North’n Pacific. 454,124 3dwk Aug. 404,835 10,654,692 Ohio River... 3d\vk Aug. 568,750 23,153 22,428 OhioRiv.AChas. 12,923 12,665 112.971 570,411 99,326 Ohio Riv.AL.E. July......... May.......... 2,800 12,255 10,809 1,901 360,183 Ohio Southern.. July......... 45.220 48,381 358,052 Om.Kan. C.A E. 2d wkMoh. 14.246 11,533 158,55 i 114,754 Oreg.RR.ANav. 3dwk Aug. 159,233 155,529 4,213,135 2,782,628 Oreg. Sh. Line.. 601,303 June........ 3,053,453 Pao. Coast Co.. 439,131 586,479 June........ 2,731,643 2,706,005 311.908 1,008,595 Pacific Mail...... June........ 406.409 393,132 Pennsylvania^.. July......... 6,162,295 5,480,395 36,525,706 35,069,906 PeoriaDeo.AEv. 3d wk Aug. 23.204 22,921 544,341 562,269 Petersburg...... June........ 343.937 311,713 52,149 1.883,222 60,427 373,555 Phila. A Erie... 308,218 June........ 1,864.,±07 Phila. * Read... May.......... 1,697,546 8,280,405 1,613,102 7,719,901 Coal A Ir. Co. 1,037,609 1,802,851 May.......... 7,931,568 7,186,362 Tot. both Co’s. May.......... 16,211,973 3,500.397 3,250,711 14,906,263 Phil. R. A N.A E.B. July.......... 49.034 57,104 353,666 345,023 Phil. Wilm. 752,417 4,641,183 890,717 1,171,245 Ju n e........ 1,231,892 4,276,083 Pitts.C.C.&St.L. 8,771.176 8,009,418 Pitts.LiBb.* Wn July......... July......... 25,476 2.648 3,378 25,486 Pitts.Bes.AL.E. 648,736 60,963 146.201 July.......... 326,002 Pitts. * Wes’n.. 1,106,610 33,211 3dwk Aug. 33.246 1,057,3^-3 Pitts.Ci.ATol. 3dwk Aug. 22.257 17,602 668,793 522,293 Pitts. Pa. AF. 3dwk Aug. 10.204 7,878 222,375 208.249 Total system. 58.69L 2,004,664 05,767 182,520 Aug. 148,885 Pittsb.Yo.* A..P. 3dwk 714,387 1,793,650 J une........ 583.313 Rioh.Fr’KShA 445,087 66,182 88,669 31,254 204,124 372,347 Rich.* Petersb. June........ 37.774 June........ Rio Grande So’n Jot. June........ 37,065 28.613 175,562 178,520 133,463 RioGrande 288,889 229.250 3dwk Aug. 10,100 65,600 7,377 l,99i,258 Rio GPde West._______ 3dwk Aug. t. Jos.&Gr. I..J3dwk Aug. 56,600 731.421 1,643,894 32,365 668,230 31,528 St. L.CliL ASt.PJ July_____ 186,739 22,659 164,951 27,998 St.L.Ken’etA So July!........ 30,135 6,126 31,118 0,677 St.L. ASanFran. 3dwk Aug. 126.699 125,762 4,150,282 3,779,910 3,029,827 84,200 St.L.Southwest. 3dwkAug. 93,900 2,618,461 St. Dill.. July......... 811,567 San.Paul Ant.AAA.Pi May......... 125,683 126,183 761,582 778,360 777.254 144,858 SanFran.AN.P. July......... 129,209 87.684 85,492 422.313 S. FePres. APh. 2d wk July 15,072 13,220 454,423 422,448 368,026 2,061,313 Sav.Fla.AWest. June........ 482,237 326,384 1,734,704 141,370 145,269 5,842 her. hrev.A . thwkJuly 6,998 Sil.Sprs.O. A G . June........ 132,440 100,589 13,664 27,816 Stlverwm ......... July. 6,054 1,400 8ioux C. & N or. June 111,981 100.871 16,955 20,763 8 0 .Haven AEast June 3,100 2,535 12,454 10,788 So. Paoilic C o .2.249.969 G al.H ar.A 8. A May.......... 337,937 474,441 506,952 1,810,574 Louls’a. West. May.......... 70,941 2,524,572 99,832 383.273 406,340 Morgan’sLAT. May.......... 490,330 N. Y . T. A Mex. May.......... 125,516 2,076,954 23,341 657.848 ir6,751 22.495 Tex. A N . Orl.. May.......... 634,285 133,264 118,957 A tl.P ro p ’tea.h May.......... 1,235,370 944.565 6.177.969 5,128,068 So. Pac. of Cal. May.......... 3,753,936 789.270 4.532,029 945,835 1,062,817 1,470,631 So.Pao.ofAriz. May.......... 288,323 212.838 576.007 734.378 126.870 So.Pao.ofN.M.lMay 161.699 787,761 884,268 12,220,807 Northern R y .. jM a y ......... 202.800 172.722 15,487,994 Paoitic system 'M ay......... 3,511.737 2,651,238 Total of all./ J u n e ........ 4,338,7.3 3,769,278 27,309,821 22,379,214 Southern Ry.//.. 3dwk Aug. 440,314 395,991 13,409,583 12,017,979 738,1 h4 631,292 31,455 Memphis Div. 4tliwkJ’ne 32,L5 9,814 9,794 3,789 StonyCL AC.Mt. J u n e ........ 4,137 134,558 161,428 184 4.321 165 3,871 4,485 1234 019 Texas Central.. 3dw&Aug. 053 120,298 T e x a s *P a c itlc . 3dw kA ug. 1*,154 24 971 2,900 1,122. Tex. S.V.A N.W. J u ly ......... 4,198 22,587 990,360 05 T oi.*O hloC ent. 3dwk Aug. 34.8 4 547.7H 588 047 1,374,951 22,155 1,355.393 20.876 52,144 Tol. P. * West.. 3dw k Aug. 51,058 Tol.St. L. * K.O. 3dw kA ug. 8 136.012 9.1 *6 389 Union Pac. RR.. J u ly ......... 1.486.810 1,399. *80 68.O il 2,302,348 2,062,456 71,222 284.946 J n .P .D en .A G .. 3 d w kA ug. 7,174,418 8,302,217 289.733 vVabasli............3dwk Aug. 97,518 8 751 1,361,302 12.136 1,418.633 9,221 331173 W aooANorthw, J u n o ........ 359.8 •‘1 100.209 673.36 054,2(6 W.JerseyASea’e J uly......... 97.495 W.V.Oen.APitts J u ly ......... 150.559 30 351,765 33,823 30 31.307 43,484 West Va. A P 1tts. M ay......... ,654 <.208 1,705,366 43.477 71,400 1,850,935 Western of A la. J u n e ....... 65.9 West. N .Y .A P a . 3dwk Aug. 31,6950 17,589 902.676 010,578 Wheel. A L. Erie 3dwk Ang. <g f t a i l r o a d lu t j e lli& e t t j c e , R o ads* Latest Gross Earnings. Week or Mo 1898. 1897. it 8 8 8 8 8 8 8 8 0 4 THE CHRONICLE. 476 Latest Gross E arnings, Week or M o 189 8, 1897. Ro a d s . : [V ol. LXVI1, tan. 1 to Latest Date. 1898, 1897. -Gross E arning*.1898. $ 120,164 773,630 floods. MontereyA $ $ * f Jan 1 toMex.O’f June 30J une 84,487 27,433 W U kgab.A E a s t A p ril........ London Northern— 69.270 56,180 205,092 186,357 NewApr. W il.O o L A Au*. M uroh...„. June 30 ... 332,521 197,805* 95,40 i 86,220 3.010.533 2.636.999 Wisconsin Or til 3dwk Aug. J.ui. I1 toto June30.... 88,934 5,826 5.361 41,078 Wright* v.ATen. j o n e........ 31,057 35.285 5,780 5,231 Oregon RR. A Nav.. July 528.157 York Southern June......... Jan.. 1 to July 31.... 3,781,169 a These Heart's include results on leased lines. t> includes earnings Pennsylvania— from ferries, etc., not given separately. e Includes Des Molnea A LIEast tics directly KansasOtty for all periods. d in find os operations of tlio Ohio. B u r of Pitts,operated— w, E. July 5,162,295 e lington A Northern In both Fears. Includes results on A T. A S. Fe, G u ll Ool. (I a Fe, S. Fe Pacific old Atlantic A Pacific! and So. CaL By. Includes the Pacific system, the Atlantic properties and the Houston & Texas Central system, Beginning July, earnings of Memphis Division and Ml(Idles borough <te Aiken branches are included fo r both years. • Results on Kansas City A Independence A ir Line are not included for either year. t Includes Chesapeake A Ohio So’ western for both years, but Ohio V a lle y and Chicago ud Texas for 1893 only. jM o x lia n currency. I Covers results of lines direotly operated east of Pittsburg. f g Latest Dross Earnings bj Weeks —The latest weekly earni ir s in the foregoing are separately summed up as follows: For the third week of August our final statement covers 81 roads, and shows 3’05 per cent increase in the aggregate over the same week last year. 3d week o f A u g u st. Previously rop’d (51 r’dsi Atlantic A D an ville....... Burl. Rap. * N o...... Central of G eorgia......... Chattanooga Southern., Chicago * West MIohlgai Clev. Canton A Soutli’n.. Olev. Cin. Ohio. A 8 t. L .. Det. Gd. Rapids A West. Duluth 8 0 . Shore A A ti.. F la Cent. A Peninsular. F t Worth <fc Denver City Georgia A Alabam a — . Grand Rapids A Indiana Cm. Rich. * Ft. W ayne Traverse City............... Musk. Gt . Rap. A Ind.. K an. City Ft. S. A Mem. Kan, C. Mem. & B u rn ___ Kansas City O m a h a .. Keokuk & Western......... Louisville A N a s h v ille -.. Minn. St. P. * S. Ste. M ._ N orfolk A W estern......... Northern Pacific............ Ohio R iv e r..................... Oregon RR. A N a v ......... T e x a s C e n tra l................ Toledo Peoria West’n.. Dn, Pao. Den. G u lf.... Western N . Y. & Penn... Ced. & & & Total (S I r o a d s )____ _ N et Increase !3'65 n. o.K. 1898. 1897. $ $ 5,775,727 '5,624.770 11,699 10.590 90,299 107,036 84,532 85.320 1,328 1,774 43,890 33,042 12,270 10,707 277,780 287.763 30,798 29.189 36,063 36,371 33.623 73,767 27,189 33,417 20,911 23,232 47,053 41,693 8,328 9,509 960 766 2.574 2,734 83,572 90,564 20,239 20,360 6,153 7,058 15,079 13,371 417,690 403,186 66,547 70,913 247,310 247,367 454.121 401,835 22,128 23,153 155,529 150.233 4,184 4,485 20.876 22,155 71,222 6 8 ,0 2 1 6i,900 71,100 8,235,860 7,915,804 ........... Increase. 8 237,779 1,109 8,73 7 794 Decrease . $ 136,822 446 10,848 1,563 9,983 l,fi09 308 40,144 6,228 2,321 5,360 1,181 160 ........ 121 ___ 194 6,99 2 _rr_ 49.289 725 3,704 301 3,20 i 1,279 5,503 449,147 290,056 159,091 1898. 8 1897. 34,419 295,092 37.951 319,444 190,597 10.098 359,420 76,933 131,131 209,778 2,407,203 1,373.927 29,319 64,480 189.163 843,011 5,480,391 1.701,431 1,811.731 Jan. 1 to July 31....30,535,706 35,069,99610,240,181 10,293,031 W estof Pitts. & E.July Ino. 193,700 Deo, 03,200 Jan. 1 to July 3 1 .... In o .2.230,400 Doo. 93,300 Phil. Bead. * E ...J u ly 49,031 57,164 11,539 21,598 Jan. 1 to July 3 1 ..;. 353,663 345,023 89,136 118,076 Wo Grande South, b. July 42,324 31,770 18,291 10,332 Jan. 1 to July 31 . . . 259.728 207,311 132,145 77.811 8 t. L o u i s * Han Fr.b.Julv 197,535 528,496 158,291 195,473 Jan. 1 to July 3 1 .... 3,771,255 3,400,895 1,403,958 1,293,785 Southern Pacific, b June 4.333,723 3,769,278 1,159,420 1,115,028 J an. 1 to Juno 30....27,303,921 2 2 , 3 7 9 .2 1 1 9.154,686 6,756,781 July 1 to Juno 30 ...55.780,337 48,871,991 21,160,611 17,195,960 17,787 18,614 Texas C e n tra l.a ___June 1,506 1,778 Jan. 1 to June 3 0 .... 129.180 25,328 105,075 7,979 616,555 Onion Pao. R y .a ....J u ly 1 ,4 8 5 ,8 1 0 1,399.180 378,641 9,156,389 8,136,012 3,782,716 2,357,740 Jan. 1 to July 31.. Visalia & T u la reb — 2,122 1,853 354 Apr. 1 to June 3 0 .... 477 891 4,184 3,715 Jan. 1 to June 30— 993 257,655 W abash. 1 >.......... — July 1,079,2111. 1 970,635 329,433 Jan. 1 to July 31___ 7,464,191 ^^G,363,360 1,917,921 1,976,319 Wabash uhes. A West’n— 16,602 18.330 def.1,891 Apr. 1 to June 3 0 .... 971 39,313 6,334 38,876 Jan. 1 to June 30___ 6,660 137,962 331,173 114,950 359,831 W. Jersey ifc Saas'e. b l uly 1,418,633 1,361,3 32 315,995 Jan. 1 to July 31 — 290,081 257,322 278,229 Wsat.N. Y .& Penn. 0. July 81,200 93,185 377,812 1,656,435 1,561,866 416,606 Jan. 1 to July 31 — ft. a Net earnings here given are after deducting taxes, b Net earnings here given are before deducting taxes. Interest Charges anil Surplus.—The following roads, in addition to their gross and net earnings given in the fore* going, also report charges for interest, &e., with the surplus or defioit above or below those charges. ___ 935 1,708 14,504 4,836 -Ifet E a rning 1897. $ 102,150 082,107 Roads. Rev, B. & Bost. Lynn— Apr. 1 to Jane 30___ Jan. 1 to June 3 0 .,.. Ohio.8 nrl.<fe Quinoy.Jnly Ohio. & East. I U ...... July Cin. Oil. A St. L . J uly Peoria * Eastern.. July Denver * Rio Gride.July Rio Grande Sonth’n.July -Ini., Rentals (Cc. ——> p- Bal. o f !fet E a rn 'q * .^ 1897. 1898. 1898. 1897. S SB S 8 10,879 22,174 880,000 127,647 233,334 36,802 181,365 17,923 O.ev, 15,450 29,307 870,429 126,106 233,526 36,802 181,893 14,165 23.697 7,117 11,344 def.1,931 216,006 32,075 *51.799 *def.l,133 67,497 14,539 df.17,654 def.17,168 124,290 124,198 371 3,833 * After allow ing for other income received. Net Earnings Uoatliiy to Latest Oates.—The table follow ing shows the gross and net earnings of STEAM railroads reported this week. A full detailed statement, including all roads from which monthly returns can be obtained, is given once a month in these columns, and the latest statement of ■ 'his kind will be found in the Chronicle of August 27, 1898. The next will appear in the issue of September 17. 1898. Roads. Boat. Rev. B. A Lynn— -Gross E a rn in a s- $ 1898. 1897. $ Sl’REET fiULVYIVS AND TRACTION COSPANIES. The following table shows the grow earnings for the latest period of all s t r e e t railways from whioh we are able to ob tain weekly or monthly returns. The arrangement of the table is the same as that for the steam roads—that is, the first two columns of figures give the gross earnings for the week or month, and the last two columns the earnings -Eel Earnings .— latest or the calendar year from January 1 to and including such 1898. 1897. latest week or month. $ $ 81,674 Apr. 1 to June 3 0 .... 64,002 17,996 130,651 Jan. 1 to June 3 0 .... 111,719 20,243 50,559 B u ffa lo & 8 asaueh .a.Jaly 49,659 20,919 Jan. 1 to July 3 1 .... 313,461 320,563 115,870 Canadian Paolilo..a.July 2,041,303 2,107,002 730.689 Jan. 1 to July 3 1 __ 13,647,382 11,819,636 4,884,366 Cent, of N. Jersey..a.July 1,031,64 1 1,239,433 425,996 Jan. 1 to July 3 L .... 6,782,461 6,786,031 2,489,595 Cent. N. Y . & W e s t Apr. 1 to June 3 0 .... 15,438 ........... 2,674 1,792 Jan. 1 to June 30___ 29.287 ........... 912,075 Ohio. Burl.& Q nln.b-.July 3,086.197 3,043,059 Jan. 1 to July .,1...... 22,937,918 19,934,906 7,754,100 Chicago & East. III.b July 321,003 273,876 131,829 Jan, 1 to Ju y 31 . . . . 2,320,132 2,193,770 ....... ..... 935,439 Oleve. Canton & 8o .July 60.932 42,349 8,958 Jan. 1 to July 31. .. . 397,196 51,071 Clov.Cln, 0 . * 8 t I .. a . J u ly 1,116,053 1,099,858 305,831 Jan. 1 to Ju’y 3 1 .... 8,045.305 7,527,317 1,960,172 Peoria <Ss E ast’n.a. July 122,386 130,174 19,148 927,900 Jan. 1 to July 3 1 ....’. 1,053,191 232,552 64,718 OoL Sand. & Hoek’g.June 84,030 17,093 358.095 Jan. 1 to June -iO . . . . 381,801 45.206 794,945 Jnly 1 to Juno 30 . . . 795,793 113,045 Den. * R. Grande, b . July 721,272 693,376 303,583 Jan. 1 to July 31...... 4,538,729 1,817,214 E r ie .a ...... ................ July 2,570.096 2.350.894 697,590 Jan, 1 to July 31...... 18,069.993 17,747,001 3,884,747 Lehigh V alley B E ..July 1,703.083 1,607,171 511,959 Jan. 1 to July 31....10.132,673 9,749,094 2,353,5 73 Dee. 1 to July 31 ...11,671.784 11,301,032 2,815,651 Lehigh Val. Coal Co July 1,432,937 1,455,761 <U. 152*588 Jan. 1 to July 3 1 .... 7,921,061 7,833,930 df.535,043 Dee. 1 to July 31 . . . 9,433,011 9,233,599 dt.591,430 Loulav. & N ash v.b.. July 1.927.667 1,795,457 513,726 Jan. 1 to July 31 ...12,750,50111,574,845 3,778,261 Mexican C en tral....J u ly 1,018,536 953,635 303,897 Jan. 1 to Jnly 31 . . . 7,757,829 7,521.418 2,468,137 M i n n . * 8 t. L o u is.a .J u ly 150.082 179,487 53,560 Jan. 1 to July 3 1 .... 1,153,627 1,088,837 409,429 353,651 8,874.031 39,147 10,651 24,703 147,170 914,359 4,531,553 553,036 2,367,992 1,636,435 7,335,131 103,885 886,869 2,573 44,35 9 253,085 1,827,375 19,634 182,605 15,536 12,33 0 105,450 306,183 1,639,492 798,185 4,177.184 448,815 1,843,191 2,200,11 4 29,060 df.232;300 Of.262,376 627,716 3.619,551 2 5 3 ,3 0 9 2 ,4 4 4 ,8 2 5 58,642 373,033 STREET E G ross a r n in g s R A IL W A Y S . AND Akron Bedrid & Clev. July. Albany R ailw a y ....... July. Amsterdam He. R y .. July. Atlanta R a ilw a y ...... July. Baltimore Con. Ry," ... July. Bath St. Ry. (Maine). M ay. July. -Bay Cities Consol .. . ____ Binghamton St. R y ... J u ly — Bridgeport Traction. IJuly. ..... Brookton Con. St. By. J u ly ......... Brooklyn E le v a te d ..[J u ly ......... Br’klyn Rap. Tr. Co.—I Brooklyn Heights ( B ’klynQ’n s& Sub. ) a u g u s t.... Charleston City R y.. July Oln. A Miami V al.. .. 'J u ly ......... Citizens’ 8 t.Ry.,Indp.! A p r i l....... Oltls ns'(M unoieInd.) M a y ......... Jlty Eleo. (Rome.Qa.) J u ly ......... Cleveland Eleotrio... J u ly ......... Clove. Pal ns V. & E • . J u ly ......... Columbus St. Ry. (O.) J u ly ......... Oonsolt’d T ra o .(N .J .j A p r il....... D an v.G as E l.L ig h t * Street R v .............. J u n o ......... D ayton & W est Trac. J u ly ......... Denver Con. Tram w.. J u ly ......... Detroit Citrine’ St,Ry. 3d w k July Detroit Eleo. R y........J u n e ......... Duluth st. Ry........... J u ly ........... Erie Eleo. M otor-------J u n e ......... ft. W ayne Belle l Island (D e tro it)— J u n e ........ Harrisburg Traction. J u ly ......... Herkimer M ohawk It-1 ion * F ’kfort El. Ry. J u n e ........ Houston Eleo, Sti. Ry. J u n e ........ Interstate Consol, ofi North Attleboro — 1M arch ...... .. & T R A C T IO N C O M P A N IE S . Latest Gross E arnings. Jan. 1 to Latest D ale. Week or Ato 1898. 1897. 1898. 1897. 11,304] 12.624 51,029 54,875 60,722 56,879 359,891 326.838 5,451 5.096 30,552 27,537 12,361 9,058 57,403 50,038 229,485 227,360 1,343,182 1,313,783 1,721 1,932 7,541 7,013 9,093 9,915 48,323 46,731 18.975 17,435 90.551 82,778 37,818 33,014 199,905 180,955 34,557 33,293 190,470 184,574 148,000 120,000 563,257 477,400 4.012,728 3,547,918 101,672 17,518 15.827 13,481 10,552 315B95 79,902' 68,031 283,626 26,74 5 5,327 22,872 5,671 13,835 2,181 13,024 2.741 971,126 143,200 147,988 922,896 55,336 13,9691 9,185 45,388 384,587 334.635 60,198 51.735 965,246 252.29U i238,813 883,540 j 8,138 6,364 69,115 24,972 32,123 17,790 8,206 53,003 420,752 50,831 12,212 67,441 24,422 629,388 33,T9 • 193,635 18,450 112,419 G3,G7u 12.736 408,858 5 J4,067 199,890 108,002 63,283 15.140 27,268 13,967 23,210 87,677 146,061 80,310 125,454 17,151 2.868 2,799 17,047 19,458 88,858 20,435 91,517 10,2971 9,523 27,301 26,843 IHE CHRONICLE S eptember 8, 1898,] L atest Gross E arnings. Ja n . 1 to h a t eat D a w Week or Mo 1898. I 1897. 1898. 1897. $ % G ross E a r n in o s . 5,516 38,667 30,334 'juiy......... | 9,293! 9,143 10,857 July......... 7,714 53,676 37,624 59,793 7,894 May.......... 33,952 5^,779 50.523 256,035 July......... 1 243,392 37,801 1,222,287 1,095,746 2dwk Aug. 41,253 59 June........;j 97,8 5,478 612,418 5,500 22,738 21,582 May.......... 143,987 129,246 838,938 768,338 July......... 4,278 31,776 29,780 4.673 July......... 1,22-^,424 218,508 l,0o0,l 18 July____ 238,088 10 59* 46,575 July ........ 11.564 21,104 44,680 5,201 6,059 June........ 19,871 104,063 792,315 July......... 112,163 19,799 15,'70 96,951 758,632 July......... 83.847 259,023 255 014 1,929,969 1,839,653 August--172,6-0 158,865 822,634 792 449 July.......... 2,632 10,432 9,995 2.673 July......... 37,427 July.......... 13,022 34,002 15,004 209,430 83.098 192,258 July......... 71,9 Jl 59,900 11,092 July......... 14,262 45,204 7,146, 6,670 35,244 July.......... 32,038 20,02 July......... 3,343 6,071 34,230 JJuly......... uly.......... 34,330 213,339 33,251 196,098 38,700 264,443 JJune........ uly.......... 43,299 241,165 93,709! 92,016 534,383 472.386 184,719 1,201.550 1,115,14.8 July......... 196,516 19,089. 22,480 106.356 125,089 July......... 561, 127,343 869,677 July......... 140 143,964 146,943 817,774 806.957 June 23,947 23.444 116,718 109.186 .July 3 v,954 32,289 7,886 7,583! July 26,518' 23,949 155,403 July 142.170 353,740 340,682 2,590,607 2,517,899 12,450, 12.444 39,*76 36,532 Maroh 45.222 44,434 279,278 272,195 July Kingston City R y...... Lehigh T ra c tio n ...... London8t. Ry. (Can.). LoweLl Law. «fe H a v .. Metrop.(Kansas City) Metro. W. Side (Ohio.) Montgomery 8t. Ry.. Montreal Street R y... Muscatine St. R y ...... Nassau Eleo. (B ’klyn) N ew b u rg St. R y ....... N e w London St. R y.. N ew Orleans Traction N orfolk St. R y.......... North Chic. St. R y ... North Shore TractiOD Ogdensbnrg St. R y... Paterson R y .............. Riohmond Traction.. R o x b ’h Cli.H.A N or’n Schuylkill Val. Trac. Scranton & Carbond’e Scranton Pittston. 8cranton R ailw ay— Syracuse Rap. Tr. Ry. Toronto R y ........... . Twin City Rap. Tran. Union (N. Bedford).. United Tract. (Pitts.) United Tract. (Prov.; Unit. Trao. (Reading) Wakefield & Stone— Waterbury Traction.. West Chicago St. Ry. August___ Wheeling R ailw a y... Wilkeab. & Wy. Valley & Street Railway Net Earnings.—The following table gives the returns of S railway gross and net earnings received this week. In reporting these net earnings for the street rail ways, we adopt the same plan as that for the steam roads— that is, we print each week all the returns received that week, but once a month (on the third or the fourth Saturday) we bring together all the roads furnishing returns, and the latest statement of this kind will be found in the C hronicle of August 27, 1898. The next will appear in the issue oi September 17, 1898. treet ----- b— (Irons E a rning *.----- -------Net E arnings ,— 1898. $ Albany RR. (N. Y .) Apr. 1 to J u d © 3 0 ..— 153,585 Jan. 1 to June 3 0 .... 299,169 Amsterdam St. K y ..fu ly 5,45 l Jan. 1 to .July 31 30,552 D ry Dock E. B. <fc Bat*— Apr. 1 to June 3U..„. 163,074 Jan. 1 to Juue 3 0 .... 322.107 North Shore Tract’n.July 172,680 Jan. I to July 3 1 .... 822,634 Oct. 1 to July 31 . . . 1.159,171 Richmond Ry. A Eieo. Co.— Jan. 1 to June 3 u .... 201,070 1897. 1898. $ $ 144.602 269,959 5,096 27.537 175.225 330. L90 154,865 792 449 1.110.337 192,780 1897. 67,238 98,699 2,058 7.655 5,972 48,317 44,325 71,941 84.95 4 87,775 90,334 323,636 318,778 454,319 439,751 82,641 75,303 50,080 99.270 2,325 ANNUAL REPO RTS. Annual Reports.—The following is an index to all annual reports of steam railroads, street railways and miscellaneous companies which have been published since the last editions of the I nvestors’ and Street R ailway S upplements. This index does not include reports in to-day’s C hronicle. R a il r o a d Volume 67— and R ailroads & Mis. Go’s—(Oon.) Volum e 67— Page. New York Ont. & Western..........367 New England ........................... 421 H & Western.................... 27 2 HH7 Norfolk UK. & Navigation.......... 31 6 Z 7Z Orezon Oregon Short ine................... 3 68 Pacific Mail 8S. Co......................219 Peoria A Eastern.......... ...........425 Hallway Equipment Co. of Minn.. 3 68 Bio Grande Southern................ 425 l Rio Grand Western................... 4 24 M is c e l . Co ’s Page. American CereAl Oo................... 3tt£S Atchison Topeka A Santa Fe...... ‘A » 1 Boston & Albany.......................31 Boston Maine.......................... Boston Electric Light.................. Buff. Roches. & Pitts.3 1 6 , 1*2J. 432 Calumet Hecla........................ 2 iO Central Coal 369 i . . .Coke.................... .. Chesapeake A h lo ..........315. 32 I CbicagoJJurimgton Quincy...... 27 Cnic. * East, ill ........................ 42 4 Chicago Great West.. .219, 423, 133 Chic. North West.. .2 19, 234. 3 1•*> Chic. Peoria St. I.ouis............ 367 Cleve. Cin. Chic. &St. L ...... ...... 4 2 4 Denver & Rio Grande.27 1,428. 429 Fitchburg RR ........................... 3 68 Georgia Alabama................... 2 72 Glucose Sugar Refining (10^mos.)27 2 lowa Central Ry ........................367 K. C. Ft. 8. Mem.................... 4 2 4 K. C. Mem. A Birm..................... 4'24 Long Island ..............................2 7 2 Louisville * Nashville................ 316 Manhattan Ry..................3 6S Mobile A Ohio............................2 7 2 A A fyr- & & New York Ontario & Western Railway. CReport fo r the year ending June 30, 1898.J. The remarks of Mr. Thomas P. Fowler, President, will be found in full on pages 485 to 487. The traffic and earnings statistics, etc., have been compiled for the C as follows : h r o n ic l e operations and fiscal results . Miles operated......... Operations— 1897-98. 480 1895-96. 477 1896-97. 480 1894-95. 477 Pass, carried, N o — 872,632 808.811 849,583 825.883 Puss, carried 1 mile. 32,007,644 30,827,936 31,366,408 29,035,710 Rate per pas.per m. 2 005 cts. 2-072 cts. 2,o84 ots. 2-064 cts. Freightcarrd (tons). _____ . 2,479,292 2,492,056 2,524,622 2,540 157 Freight (tons) 1 m . . 354,127,528 353,100,732 356,414,070 359,358,052 R ite per ton per ill.. 0 373 ets. 0-871 cts. 0-831 cts. 0 837 ots $ $ $ $ Passenger.......................... 641,679 638,659 654,067 599,452 F r e ig h t ..............................3,090.280 3,075,505 2,960,595 2,908,035 Mail,-erpress, rents, etc... 122,774 121,659 122,906 122,932 Miscellaneous.................... 59,902 58,580 41,767 38,694 E a rn in g s— < w Includes Baltimore Traction and City & Suburban for both years. Roads. 477 .3,914,635 3,894,403 3,779,335 3,669,113 l.1,544,816 1,531,201 457,718 5 46,017 120,924 124,637 1,518,339 466,916 479,193 121,460 112,650 1,503,844 434,356 481,743 116,408 101,061 .2,801,642 2,780,497 2,698,558 .1,112,993 1,113,906 1,080,777 Per cent exp. to earnings.. 71-56 71-40 71*40 INCOME ACCOUNT. 1897-98. 1896-97. 1895-96. $ $ Net earnings...................... 1,112,993 1,113,906 Interest, etc...................... 86,746 82,800 81,465 2,642,412 1,026,701 72-02 Operating expenses- . 469,754 . 553,489 . 120,718 . 112,885 Receipts— T o tal................................1,199,739 1,196,706 Interest on bonds ........... 615,000 Interest and discount....................... R en tals.............................. 182,278 609,055 4,478 183,263 D isbursem ents— 1,080,777 1894-95 $ 1,026,701 75,090 1,162,242 1,101,791 605,000 371 589,000 5,274 181,302 181,133 T otal............................ 797,278 786,673 796,796 775,407 399,910 Balance, surplus............... 402,461 375,569 326,384 GENERAL BALANCE 81IEET JUNE 30. 1897. 1898. 1896. $ $ $ Franchises and property.............. 70, ,108,773 69, ,886,996 69,626,397 Investments in other com panies.. 3,,450,300 3 ,250,-<00 3,226.100 170,272 103,523 98,707 Cash at bankers............................. 303,031 219,210 230,111 Stores fuel, etc., on hand.............. 292,261 Sundry accouuts due com pany— 957,477 961 987 525.407 416,648 Traffic accouuts due company...... 422,715 840,485 987,392 ,030.167 Loans and bills receivable............ 25.335 13,810 18,626 Miscellaneous................................. 10 L,703 17,500 203,836 Cars under lease (ear tru sts)........ A ssets— Total assets.............................. 75,648,919 75,991,359 75,848,791 Common stock................................58,113,983 Preferred stock.............................. 5,000 Consol. 1st mort. 5 p o. b o n d s.... 5,60o,000 Refunding 4 p o. bonds............... 8,375,0<j0 Interest due aud accrued............. 154,513 Sundry aoc’ts due by com pan y... 269,603 Traffic acc'ts due by com pany...... 77,193 W ages for month of Juno............. 124,954 Loans and bill9 p ay ab le ............... 300,000 W h ar Val. R ’y oonst’n fund ........................... Hancock Pa. RR. const’n fund................— Bal. under car trust agreem ents... 17,500 Profit and loss................................ 2,611,173 58,113,983 5,000 5.600.000 8.375.000 152,105 307,756 75,955 127.238 250,000 54,206 147,327 101,704 2,681,087 58,113,983 6,000 5,600 000 8,125,000 150,214 17^,698 106,934 131,584 434,583 54,206 147,326 203.836 2,296,427 L iabilities— &. Total liabilities........................75,648,919 75,991,359 75,848,791 —V. 67, p. 367. Northern Pacific Railway. ( Advance statement for year ending June 30, 1898.J The following extract from advance sheets of the annual report is official : Results—The results of the operation of the property fori the fiscal year ending June 30, 1898, are as follows : Gross earnings......................................................................... Operating expenses................................................................ 11,09c,371 Net earnings.....................................................................$12,584,347 Deduct— Additions and improvements charged.— to in<St A ......................... - - $515,709 come.......................... Equipment reduced in value........................... 296,000 A S t r e e t R a il w a y s . Volum es 67— Page. Taxea................................................................... 682’-— -1,494,509 Bridgeport Traction.......... V4®!* Buffalo Railway.......................... 368 Leaving available for interest and dividends...................... Brooklyn Rapid Transit............. 425 Add dividends and interest received............... 887,mo Erie Railroad. Availableonrevenue...........................................----.lv; VAX’’‘ bonds..............................................$6,079,160 CAdvance statement for the year ending June SO, 1898.) Interest on preferred stock (including divi The annual report is not yet ready for publication. In ad Dividends vance of it the following data are furnished covering all the dend payable Sept. 6,1898)................. (4%) 3,000,000 ^ lines of the system: 1896-7. Increase. Surplus..................................................................................... 92’d89'8^9 1897-8. $2,243,829 Gross earnings................. ..........$33,740,860 $31,497,031 $3,387,703 Working expenses..................... 25,438,038 23,332,243 2,105,795 $138,034 From which lias been appropriated as a reserve for the $8,164,788 . *8.302.822 continuity of dividends upon the preferred stock........... ’___’__ 75,473 134,312 209,785 Net earnings Erie coal cos. . .. $213,507 Leaving surplus income carried forward as balance $8,299,100 . $8,512,607 proilt and loss to June 30. ................................................ * „ ’7, 24,382 179,201 203,583 Income from other sources. No comparison has been made with the operations of the A & St. Louis ct San Francisco .... 271 San Francisco Brewer es(Limited)369 Staten Island Rapid Transit....... 3 68 Southern Railway...................... 366 Wabash RR ............................. 316 Wagner Palace Car Co................369 Wefsbach Light..........................230 Western N. Y, Penn................316 Wisconsin Central Co................. 4 2 4 previous year, as the company came into possession of t property Sept. 1, 1890, and the first report covered only the , Surplus................................. $633,917 $352,019 $281,898 operations to June 3 >, 1897—a period of ten months. Of the deductionsfrom income, $>15,709 represents In 1895 90 gross earnings were $31,045,487; working ex amounts expended for additionsand improvements which. penses, $33,719,403; net earnings, $7,920,084.—V, 67, p. 231. $8,710,190 8,082,273 $237,888 $8,478,302 8,126,283 Doc.44,0 LO THE CHRONICLE. 478 in the opinion of the board are not distinctly new property, and therefore are chargeable to operating expenses, and f306,Q0O represents a reduction in the value of equipment s'ill in service, but of a character not to be much longer economically used, The property (roadway, structures and equipment) has been improved during the year, and is well adapted for the increased traffic which is expected from existing business conditions and abundant harvests in the territory served by the company. Included in the operating expenses is the cost of ill locomotives and 870 cars purchased during the year to provide for equipment put out of service. Retetve Funtl.—As stated above, the directors have set aside $3,000,000 out of surplus income, as a reserve to be available, as may be found necessary, until the end of 1901, toward maintaining the regular 1 "per cent quarterly divi dends on the preferred stock, if at any time prior to that date the current net earnings should prove insufficient for that purpose. So far as not so used by that date, the fund may then, by vote of the directors, be returned to the general purposes of the company. In view of the comparatively short time which has elapsed since the organization of the companv, and also of the fact that the unexpectedly favor able results of the fiscal year just closed caunot safely be treated otherwiee than as excepticnal, the board have been led to adopt this conservative policy, which will, no doubt, commend itself to all who are interested in the company. Of course if current available earnings continue as at present, this reserve need not be drawn upon. Your directors may add that the business prospects of the company were never better than at the present time.—V. 67, p. 223. Mexican Central Railway Co. (Limited.) ('Statement fo r six months eliding June SO, ISOS.) The following is an official statement for the first half of 1898 compared with the same period of 1897: [VOL. LXVII. “ Work on the separation of grade crossings has continued throughout the year at a coat of $150,193. There is no float ing debt and there has been no charge to construction. The Improvement, and Ware River funds nave received $31,204 div idends and interest from the securities held by the Trustees, and they now stand charged with $2,40:1,204.” Tables in tbe report show the passenger traffic for a series of years. In 1896 the numbers of both through and wa v pas sengers reached a maximum, namely, 123.072 and 12,665,355 respectively. In 1897 both classes of Traffic decreased, and in 1898 the way passengers again decreased, while the through passengers increased somewhat. The totals for the late year were 111,980 through passengers an! 10,551,885 way passengers. The way passengers, it will be observed, there fore decreased in the two years over 3 millions, or over 16 p. c. The operations, earnings, charges, etc., for four years were as below given : OPERATIONS AND FISC AL RESULTS. 1897-98. 1896-97. 1895-96. 1894-95. Passengersmileage carried.. 10,063,795 214,657,453 11,296,337 12,7-18. ;27 212.832,031 12,151,070 Passenger Freight (tons) oarr'd..211,810,933 4,56 (,662 4,130.955 231,209.428 4,122,412 3.994,340 Freight (I ns) 1 mile.511,297,081 427,085,496 Earnings— .$ 449,039.917 .$ 433 975,620 $ $ Passengers................. 3,761,190 3,814,025 4,100,816 3,809,356 Freight ,................. 4,291,526 4, J2-1,320 4,131.198 4.130.405 Mail, express, etc... 1,188,853 1,176,280 1,115.6-8 1,185,105 Total earnings.. 9,211,569 9,114,625 9,350,632 9,130,866 O perating E xpenses Maint. of wav, 1,453,695 1,902,610 1,753.573 1,315,656 832,351 838,082 Ma ilit. of equipm’t.. 3,636,562 621,1)7 941,313 3,267,112 3,348.H( 3 Tramp, expenses... General ami taxes.. 866,662 867,236 868,373 840,134 Tot. (inol. taxes) 6,795,001 6,658,075 6,911,865 6,579,361 Net earnings........... 2,446,568 2,456,550 2,4)8,767 2,551,505 INCOME ACCOUNT. 1897-98. 1896-97. 1895-96. 1894-95. $ $ $ $ N et earnings.____ _ 2,440,588 2,456,550 2,433,767 2,551,505 1898. 1897. Inc. or Dec. lH s bit rse tnen ts — Gross earnings....... ..................$6,739,293 $6,567,753 Inc. $i 7 1,540 Rentals paid............. 78,000 78,000 78,000 78,000 Operating expenses................. -1,578,053 -t,376,237 Inc. 201,816 1aterest on debt__ 337,980 337,^80 337,980 453,150 2,000,0if 0 2,000,000 2,000,000 2,000,000 Dividends (8 p. a .).. Net earnings.........................$2,161,210 $2,191,516 Dec. $30,276 Total dis burs11fcs. 2,415,980 2,415,980 2,415,980 2,531,150 Av. rate received for Mex. dots. 46-Qle. 49 90c. Dec. 3-86o. 30,588 40,570 22,787 20,355 Net earn. equivalentinU.S.our. $995,051 $1,093,614 Dec. $98,563 Balance, surplus.... BALANCE SHEET JUNE 30. Add net credit of iniscel. items. 3 27,335 Deo. 27,332 1896. 1895. 1898. 1897. Total..................................... $995,054 $1,120,949 Dec. $125,‘ 95 A ssets— * $ $ $ Fixed charges......................... 1,250,757 1,206,115 Ino. 44,612 Road & equipment.. 27,514,116 27,514,116 27,511,116 27,514,117 Hudson Riv. bridges 475,485 475,485 475,485 475,485 Deficit................................... $255,703 $85,168 Ino. $170,537 Other perm, inv’st’s.. 1,931,276 1,931,276 1,931,376 1,931,276 411,840 Materials &companies supplies. 223,650 422,375 330,800 Tie defloit theofoperation of tietrust railway, as above,was from But tie netiroin income the subsidy fund tor tie first 6 $255,703 Due 881,286 and individuals...... 858,500 754,236 754,965 months ol 1898 waB............................................................... 84,979 Real estate................ 1,457,025 1,4 52,575 1,347,714 1,128,298 627,000 627,000 627,000 Making tie net deficit......................................................... $170,724 Special equipment... 627,000 The balance of the subsidy trust fund on .) uiy 1,1898, was.$2,446,379 Improvement fund.. 2,409,204 2,378,000 2 326,279 2,261,370 884,690 And the investment in tie $5,597,000 of priority bonds was. 6,122,646 Total assets........ 36,430,926 36,518,003 36,280,743 35,988,310 Making a total security July 1,1898, for payment of in Liabilities— terest on the mortgage bonds of....................................$8,569,025 Stock, 25,000,000 25,000,000 common......... .25,000,000 —Y. 66, p. 902. 7,485,000 7,485,000 7,531,000 Funded debt............ 7,485,000 25,000,000 197,500 Ulster & Delaware RR. interest ~ accrued— and rents 85,995 125,945 due and 89,905 85,995 ( Report for the year ending June 30, 1898.) Dividends & interest. 541,756 501,767 544,073 504,129 Earnings, etc., have been as follows: Ledger balances....... 567,979 781.885 630,649 488,767 Improvement fund... 1,948.722 1,921.914 1,879,365 1,822,040 EARNINGS, EXPENSES AND CHARGES. Sinking fund & miso.. 160,481 156,085 146 915 176,830 1897-8. 1896-7. 1895-6. Grade crossings........ 365,000 300,000 300,000 ............. * $ Piofit and loss......... 275,993 245,407 204,836 182,049 $ 400 756 419,354 ■ Gross earnings........ ...2 8 9 ,2 0 2 289,699 314,913 Operating expenses Total liabilities...36,130,926 36,518,003 30,280,743 35,988,310 —Y. 6 7 ,p . 318. 111,057 104,441 Net earnings...... ... 10,000 16,700 Other in come........... 16,707 West Yirginia Central & Pittsburg Railway Co. 127,757 121,148 Total................... ( Report for the year ending June SO, 1898.) 66 92,658 Interest, etc............ 119,956 l* 98,‘ 20,322 President H, G-. Davis says in part: 19,712 Taxes....................... Remarks.—Mention has been made in the reports ...1 1 9 ,9 5 6 119,0*8 112,370 forGeneral Total................... the past years of the decline in coal freight rates . . . 6,109 8,669 Balance, surplus__ 8,778 and the effectfew it has had on the revenues of the company. GENERAL BALANCE SHEET JUNE 30, 1898. The net income for the past year was practically the same Assets, Oostof road and equip m ent...........................$3,548,657 Stocks ofonother cos__ 740,000 Supplies hand......... 43,047 Open accounts, etc__ 42,549 Cash on hand................ 34,224 $1,408,478 -V .Total...................... 65, p. 508. Liabilities. Capital Funded stock................ debt................. $1,794,600 1,9>'7,300 Int. due and accrued... 14,096 Open accounts............. 1,877 Miscellaneous.............. 160,124 Profit and loss, surp... 440,481 Total........................$4,408,478 Boston & Albany Railroad. (Report for year ending June SO, 189S). In tbe thirty-first annual report, President Bliss says : ‘ The receipts from freight increased during the year $167,205 and from other sources $12,573; passenger earnings decreased $53,885, leaving a net increase of $126,943. Tbe outlay daring the year for expenses and improvements has increased $18(1.926. “ Traffic in the early months of the year gave promise of a considerable increase in earnings, but on the declaration of war with Spain the local business decreased, and the later months of the year show a large reduction in revenue. Owing to the sharp competition in all classes of freight traffic, the rate per ton per mile decreased from 9 2-1U mills in the fiscal year 1897 to 8 4-10 mills in the year 1898, Never before in the history of the road was tbe rate for transportation of freight so low nor the volume of traffic so great. as the year before, but this was accomplished only by doing a larger volume of business, and in reducing the cost per ton per mile for hauling the same. The increase in coal was over 60,00) tons [from 1,058,094 to 1,123,370 tons, the latter forming about 70 per cent of the year’s tonnage.—E d .], and of coke nearly 70,000 tons [161,175 to 230,294 net tons], and yet the company received for this class of traffic $38,000 less than it did for the preceding year. Tbe increase in passen ger traffic, miscellaneous freights, etc., made up the differ ence. The prospects at this time are good for a continued increase in traffic. The coal companies report that they have engagements for the present year in excess of last year’s business, and the indications are that the lumber plants, tanneries, etc., will increase their output. The company now owns over 3,000 freight cars, and their use over foreign roads is a source of considerable revenue. Last year it amounted to $30,731, an increase of $0,191 over tbe preceding year. Of the entire equipment "84 per cent has automatic couplers and 31 per cent air brakes. HuttonsviUe Extension,—The valley of the Tygart River, especially its upper part, is one of the most fertile and pro ductive in the State of West Virginia, and from Beverly south, 30 miles or more, the mum-aids are covered with heavy •imber in its original growth. From Elkins south the West Va. Cent. & Pitts, has a branch six miles to Beverlv, and the company decided to extend it to Hnttonsville, 11 miles be- S eptember THE CHRONICLE. 3 1898.1 yond. The track is being laid and it is expected trains will be running to Huttonsville late in the fall. No new step3 have been taken by this company since last report in the matter of the connection with the Chesapeake & Ohio. Bondi.—There were issued and sold daring the year $100,000 bonds to meet indebtedness incurred in making per manent improvem mrs, building cars, purchasing locomo tives, etc. These bonds were sold at a premium of 9%. Physical Condition.—As to this, the report says : To the “ n ew improvements and betterments account” have been added durint: the year $13,500. The expenditures under this heading were only half the amount of the previous year. N e a rly a ll of the expensive work necessary in the substitution of iron for wooden bridges, iiUiug trestles, etc . has been accomplished. The roadbed is now in good condi'Ion and believed to be quite secure against any ordinarily bigh water. There have been 4'69 miles of 70-pound steel rail laid in tbe main track, replacm g that amount of 56-pound r ils, and tbe latter used for sidings, tbe cost being charged to operating expenses. The road is now laid with 70-pound rails continuously from Piedmont to Hendri ks, a distanoe of 60 miles Eleven miles of 85-pound rails have been purchased and will be laid in the Pied mont Cumberland road, replacing that amount of lighter rail, which w ill he used on tbe Huttonsville extension. D uring tbe year th -c om p au y lias built at its shops at Elkins and added to its equipment 113 coal and c ke cars, and has also pu thased from tbe Baldwin Locomotive W orks three engines, the total cost bei 'g $84,730, which amount has been charged to equipment, ao count. In addition to this, 61 oars were built at a cost of $16,895. and charged to operating e> peases. O f these 30 were used to re,,! ice car3 d stroyed and 31 substituted for that number of iron coal hop pers now obsolete. & Statistics.—Earnings, expenses and charges have been: 1397-98. 1896-97. 152 Miles operated .......................... 152 E a rn in g s — •$ $ 101.557 Passengers.......................... .102 633 380,652 Coal and coke freigh ts...... .341,7< 6 251,977 Miscellaneous fr e ig h t s ...... .298,823 6,518 Express .............................. . 7,126 71,545 C ar mileage........................ . F 0,736 11.629 Mail service ............................. . 13 761 3,178 Telegraph .................................. . 3.402 15,737 Miscellaneous..................... . 40,026 842,792 Total earnings ................. .888,296 Expenses — 139,712 Maintenance of way, etc... .132,691 132.16 i Maintenance of equipment. .166.259 Transportation................... .197,354 191.761 13,285 C ar m ileage........................ .. 19,69) 40,655 General ................................ 39,712 M iscellaneou s............ ...... . 3,626 3,633 2 .006 25,459 T a x e s.................................. 1895-96. 152 3 101,496 355,155 27-.774 7,432 83.003 11,679 3,365 12,007 855,911 128,236 11-.694 194,561 11,465 45,366 4 0L4 28,500 Total expenses............ -.584,399 546,688 530,830 Net earnings..................... ..303.898 296,124 325,075 62*02 P. o. expenses to earnings . 65-78 64*80 INCOME ACCOUNT. 1897-98. 1990-97. 1895 96. $ $ Net earn, of W. Va. C. «fe P. ..221,589 215,8C0 Pied. A Cumb. RR..........loss 15,415 pr.191.204 5.159 10,633 Profits on coal.................. .. 78,457 77 665 pr.102,60/ Total............................. -.284,631 271,028 329,139 Deduct — Interest on bonds.............. ..183,000 180,000 180,000 Dividends........................... .. 27.500 55,000 82,500 Miscellaneous.................... 22,253 Total............................. 235,000 284.753 Surplus............................... 39,028 44,386 CONDENSED BALANCE SHEET JULY 1. 1897. 1898. Dr. $ $ Real estate, embracing 37,651 acres of coal, iron ore ............ timber 5,968,965 land and mtne al rights. RR. const., 2detctrack,build’gs, etc.. 1,378.303 2,692,163 5,968,965 2,673,730 ................. .......... Equipment, 1,29-4,571 Mine construction............... ......... 44,6*5 48,503 1894 95. 152 $ 97,672 302.911 231.627 7,* 12 82.96 < 11,675 3,4-3 12.666 750,567 108,247 88,272 175.636 9,476 40,2 4 3. "85 30,700 455,830 294,737 60*73 1894-95. 186,235 pr. 83,039 20,* 8# 239,563 180.000 82,5* 4,7010 267,201 22,362 1896. $ 5,968,965 2,633,239 1,272,112 117,233 50,973 147,734 108.366 75.318 160,000 48,503 82.70 ^ 90.739 147,018 T otal...................................... -.10,405,885 10,328,453 10,243,282 Stock outstanding...................... .. 5,500,000 Stock in treasury........................ First mortgage bonds................. .. 3,100.000 Coupons payable July 1............ 93,33 > Bills papab e ............................. .. 167,792 June pay-rolls, etc..................... 163,463 Profit and loss............................. .. 881,295 5,500,000 500,000 3,000,000 90.485 283.810 141,796 812,352 5,500,000 500,000 3,000.000 90,365 218.680 160.912 773,324 M aterials, mi plies, etc.............. Due b y RR. Cos., agents, etc___ C ash ............................................. .. Or. T otal..................................... —V. 67, p. 31. .10,405,885 10,328,458 10,243,282 Jacksonville Tampa & Key West Railway. ('Report for the year ending March 31, 1898.J Receiver Joseph H. Durkee says in substance : General Remarks.—The country adjacent to the line ie slowly improving agriculturally. Daring the winter of 1897 98 the weather was severe enough to set back the growth of the orange trees in many localities. The indica tions are still that this year’s crop will excel last season’s at least fifty per cent. With favorable seasons the orange cul tore will in a few years be restored to its former conditions. A few turpentine orchards have been opened along the lint and every encouragement is given to this industry. Every economy consistent with the preservation of the propertyjn good condition has been practiced. The physical condition of the road, roadbed, trestles, bridges, engines and all equipment is fuUy maintained. The total amount of receiver’s certificates now outstand ing is $141,300 and their interest has been promptly paid. Interest on Underlying Roads, Etc.—During the y*-ar tin receiver has not paid interest upon bonds of the constituent 479 companies by the consolidation of which the defendant rail way company was formed. There are still outstanding equipment trust bonds. Series “B.” to the amount of $8,000, due, $4,000 on May 1, 1896, and $4 000 on Nov. 1,1896. E arnings.-Under order of coart, Feb. 3, 1896, the earn ings of the several divisions are now reported separately, viz.: EARNINGS YE A R ENDING MARCH 31, 1898. IncL. R iver Div. M ain L ine. Gross e arn in gs.................. $286,214 Operating expenses........... 232,836 N et earnings................ S. <f L. E. Div. Total $16,876 22,229 $9,813 $312,903 21,792 276,858 $53,378 def, $5,354 def. $11,979 $31,045 Prior Claims.—On Nov. 11,1897, the Court, confirming the Master's report, ordered that claims aggregating $277,860 (including receiver’s certificates for $141,300. and taxes $30,(00,) should rank as a prior charge on the property, and should be paid out of any proceeds arising from the sile of the properties now in the control of the Court. The unpaid taxes named above have since been paid. A decree was also entered confirming the Master’s report upon compensation of trustee and counsel, the amount involved being $56,030. On Dec. 4, 1897, an appeal was taken by the mortgage trustees from the decree of Court confirming the Master’s report, upon priority of claims. This decree is still pending in the Circuit Court of Appeals for the Fifth Judicial Circuit. Statistics. —Operations, earnings and charges have been : Operations— OPERATIONS, EARNINGS, ETC. 1897-8. Total tons m oved.......................... 98,545 Total moved one m ile .................. Rate per ton per m ile.................... 2*14 cts. Total passengers c a rr ie d .............. 6 -»,528 Total passengers carried one mile. 3,585,254 Rate per passenger per mile......... 3 Ct8. $ Passenger....................................... . 107,295 149,36L F r e ig h t .......................................... Mail, express, etc.......................... . 56.248 1896-7. 100.109 6,303.113 2*30 cts. 6S.-.72 3.762,161 2-77 o s. $ 101,861 1 144,804 59,623 j E a rn in g s— y 1895-6. 07,169 6,365,2 k0 2*17 cts. 74.774 4 393,445 2 63 cts. $ 317,278 T o t a l.......................................... — T ransportation.............................. tfaiut. of way and structures....... Maint. of equipment....................... G e n e r a l.......................................... 312,901 306,288 317,278 120,852 67,071 50. 30 38,006 128,565) 67.448 [ 52,237 f 39,070 J 322,945 T o t a l......................................... . N et earnings............ ...................... Ollier income.................................. 276,859 36,045 52 L 287,320 18,968 759 322,945 def. 5,667 954 Expenses 36,566 19,727 def.4,713 Interest on firsts, accrued!!........... Equipment trust pay mental!........ Interest, discount, etc.................... Taxes............................................... Overclia ges refunded............... Extraordinary, etc........................ 132,960 132,960 132,960 12,325 T o t a l......................................... Balance, deficit........................ 173,334 136,708 N r t income.............................. Deduct— 11,304 18,507 7,852 2,711 none 10,136 23,074) 12,115 2 ,5 *8 ) y 180,863 161,133 27,444 172,729 177,442 accrued N o t e .—I n 1897-8 and 1896-7 of the interest on firsts here shown was paid, aud iu previous year only p art w as paid. Equipment notes for $.8,000 feU due iu 1896 but were not paid.—V. 64, p. 12*22. GENERAL BALANCE SHEET MARCH 31, 1898. Debit— Steamer........................... $655 J. T. & K. W . R y C o ...... 346,821 Agon 's and conductors... 3,327 Bills for collect!o .......... 7,075 U. 8 Post Office D ep’in’t. 8,047 Indian River Steam. Co.. 60 Material on hand............ 14,490 Southern Express Co...... 120 Cash on hand.................. 27,647 Jacksonville Tcrm ’alCo.. 15,000 T o la l..........................$123,242 — V. €4, p. 1222. Credit— Ma.*on Young, receiver.. $54,549 Rece.ver’s certificates... 141,300 937 Unclaimed w agos............ Approved vouchers........ 13,847 Pay rolls, M arch ............ 12,655 Certified drafts (unpaid). 1,088 Foreign roads................. 4,519 Miscellaneous................. 185 Switch-key deposit......... 285 Income and profit and loss 193,848 Total.......................... $423,242 Fall Brook Railway. (Report for the year ending Jane SO, 1898.J. The earnings for the late fiscal year compare as follows: 1895-6. $ 707,381 527,035 1894-5. $ 653.690 439.690 ........... 649,577 Operating expenses. ...........459,131 1396-7. $ 630,251 442.645 Net earnings...... Other income (from leases, rolHng stock, etc.)............. 374,521 187,606 180.346 214,000 275,268 252,002 182,155 ...........564.967 462,874 432,348 396,155 27,908 305,000 19,200 27,172 305,000 3,500 27,679 305,000 332,903 129,966 351,372 80,976 336,179^ 59,976 1897-8. Deduct— Interest.............................................. Taxes 9 953 Dividends (com. and pref ) . .305,000 Total...............................314,953 Balanoe, surplus..................250,014 —Y. 65, p, 513. Metropolitan Street Railway Company of Kansas City, Mo. ( Report for the fiscal year ended May SI, 1898.J Walton H H o lm es, Vice-President and (Jen. Manager, says : Construction. D u inn the year the oom m ny has putDo operation tb“ double Boulevard track electric line on W yandotte 86. from Second 8t. to the -southwent and on the Southwest Boulevard from - M i l St. to "he city of Kosedale. [I n a lld m i esot ro a d -1 2 miles o[ track. Cm ] it. double also converted the Prospect Ave. h one line [ l * i m l ei long] into track electric fifteenth Street to Thirty first . meet. During this period alsoHuethefrom K ansas City <fc Independence All Line, a •ornp titer of the company, went out of the ■ etweeu Kansas Cltv and Independence, and thus left I>an mount, p®?5 I aik without transportation facilities. Aa the W ashington Park lease was about to expiro we abandoned Washington Park aud bade a double- THE CHRONICLE. 480 track extension to Knlnuonnt Park. This lino was put In operation tile middle of May. Park Connecting Railway. W ashington P a rk to Fan-mount Park, -SS2 miles of double track,—E d ] The Rlverviow Power Station has been completed aud put in suc cessful operation, supplying electric power as far as possible from a central station. This station Is modern lu every particular, l o r the year the percentage of operating expenses has decreased to 54*83 per cent from 36*55 per pent for the previous year, while the cost of currying passengers 1ms likewise decreased from n o t hundredths cents per passenger to 2-S3 cents per passenger. The pollov of maintaining the company's physical property In firstclass condition has been continued and rigidly followed throughout the year. For repairs on oars and tracks alone the gross sum of $01,081 was expended, an Increase of $17,147 over the amount e x pended the previous year. The equipment Includes: Cable ears, 1; oleetrio oars, 105; sweeper* and snow plow s, 15; elevated railw ay ears, closed motors. 30; closed motors (o u t of use), 8 . S ip tm is ,- [VOL, XLVII. Middletown-Goslien Traction Company. ( Statement for the year ending June SO, 1S98.) The following figures have been furnished to the Chronicle, too late, however, for insertion in the Street Railway Supplement of August 27: Gross e a r n in g s ................. . Other income. 47 E quipm ent.— Statistics—Various statistics of interest follow : OPERATIONS FOR TEAR 1897-98. Electric L ines. Cable1897. Lines. 1898. 1897. 8 T otal earu’s..1,351,186 O p. expens.. 734,479 $ 1,429 971 779,783 N e t c am ’s.. 619,707 650,188 P e r cent of exp. to c a m ’s — 54*55 M iles op. between term ini...31*19 M iles of single track............. 62*33 A v . N o. of oars run d aily___ 203 ^ Total No. of round trips...656,060 ■Car m ileage................... 9.264,781 Revenue passengers___28,276,107 $ Total earnings...267,360 Oper. expenses.. 181,781 —V. 1898. $ 330,150 205,547 N et earnings.. 85,585 130,603 P e r cent of op. exp. to earna.61'15 Miles between term ini......... 29*94 Miles of single track..............55*20 A.v. N o. of cars run daily....... 39*5 Total No. of round trips.. .234,967 Car m ileage.................... 2,227,373 Revenue passengers...... 5,682,598 N o t e —On the cable lines the average number of trains run daily w as of tw o ears to train 84*6 and of combination cars 34 3, making the total number of ears operated 203»«; the operating expense per ordinary oar per mile w as 7 ^3 cents and per combination car 13 cents. The car mileage o f ordinary single truck cable oars w as 7,676,900 and of combination cars 1,587,881. On the electric lines the average num ber of cars run daily w as 39 and the operating expenses per oar iier m ile w as 9 2 cents. The oar m ileage w as 2,227,373. EARNINGS, EXPENSES AND CHARGES. 1897-8. Gross earnings......................................... .$1,766,253 Operating expenses and t a x e s ............ 987,399 N et earnings. Other income...... ............. .............................. Total income................................ Charges— 1896-7. $1,624,796 926,316 $778,854 223 $696 480 3,680 $779,077 $700,160 Interest and gu aran ty............ $437,274 50 Corrigan Street By. bonds retired.. . . . . 53,233 Transferred to construction account..___ 95,889 Dividends p a id ........................................ (2%) 111,736 M isc e lla n e ou s....................................... 30,155 $445,321 52,050 f 6,535 ( 2 3 % ) 139,670 1 $6,584 Total charges........................................ $728,292 $693,576 Balance, surplus, for year........................ $50,785 operating expenses In 1895-6 gross earnings were $1,622,475; ^$934,815; net earnings, $687,660. GENERAL BALANCE SHEET MAY 31, 1898. D r. *Constr*n and equ ip ...$13,243,357 R ea l e sta te ................ 90,542 K an. C. E L Rv. stock. 2,601,010 do advances. 457,891 Misc. stocks & bonds. 12,600 Uncollected b ills........ 24,135 ■Cash on deposit.......... 212,355 Supplies...................... 65,809 M iscellaneous............ 45,493 T o tal........................ $16,753,193 — Y . 65, p. 1115. Or. Capital stock.............. $5,586,800 Bonds (direct oblig.). 8.164.000 Bonds guaranteed___ 2.642.000 145,910 U np aid coupons......... U n p aid vouchers........ 71,173 U np aid dividends...... 465 81,792 Aoerued interest........ Surplus....................... 57,367 Bal. of open accounts. 3,687 Total........................ $16,753,193 Third Avenue Railroad, New York. (Statement fo r year ending June SO, ISOS.) The statements to the New York Railroad Commissioners •compare as follows: 18978.1 Gross earnings........................ $2,506,861 O perating expenses............... 1,419,206 1896-7. $2,590,473 1,440,767 N e t earnings........ .............$1,087,655 O ther income.......................... 104,030 $1,149,706 45,441 $1,115,473 40,991 Total in co m e......................$1,191,685 -emerges...................................... 371,763 D ividen ds................................ (8%)800,000 $1,195,147 367,283 (8^)875,000 $1,156,464 347,119 (10)880,000 Surplus............................... Betterm ents............................. del. 947,136 ($269,087 def. $70,655 ........... $10,922 $23,666 1895-6. $2,628,628 1,513,155 6 6 , p. 574. 1897-8. $46,620 10,708 1886-7. $46,665 40,798 1895-6. $52,815 41,559 . $5,912 $5,867 deb, 2,353 $11,256 1,187 . $5,912 .$16,500 , 1,622 $3,514 $16,500 1,546 $12,443 $16,506 1,385 $ 1 2 ,2 1 0 $14,532 $5,448 Ohio Falls Car Manufacturing. ( Balance Sheet for year ending June SO, 1898.) The balance sheets June 30, 1896, 1897 and 1898, as audited by Barrow, "Wade, G-nthrie & Co., are as follows: BALANCE SHEET JUNE 30. 1898. 1897. Assets— $ $ Real estate, buildings, tools, m achin ery and fixtures........... .....................1,294,299 1,294,293 Stock of m aterials on hand, as pet Inventory........................................ 231,982 30,000 Bonds purchased for redem ption........ 50,000 Bills rot eivable (net v a lu e )................. 292 i*?4 248,144 Accounts receivable............................ 142,6^8 120,776 59,775 Bonds and securities of other e o .s..... 66,375 Cash on hand and in banks ............... 21.464 12,442 2,041 Insurance premiums unexpired......... 3.36S 4,215 Freight paid in advance..................... 2,737 1,629 2,069 Total........................ L iabilities— Preferred capital stock.. Common capital stock.. First m ortgage b o n d s... Bills payable. Accounts paya Unpaid labor. Accrued interest on bonds........ Accrued interest on loan s......... Accrued taxes............................. Freights due................................ Reserve account......................... Profit to cover bonds redeemed. Undivided profits....................... T o t a l.................................... —V. 65, p. 276. 1890. $ 1.294,299 238,936 2 1 ,0 0 0 309,189 126,292 51,0 49 23,999 4,890 837 2,284 .2,253,106 2,03*2,192 2,072,775 . 800,000 . 400,000 . 480,000 . 198,415 . 67,123 . 25,437 7,200 1,809 2,609 800,000 400,000 500,000 102,624 19,074 4,544 7,500 2,139 3,443 1,062 87,798 800,000 400,000 520,000 185,661 44,072 1,058 7,800 . . . 87,798 1 2 0 ,0 0 0 2,750 87,798 62,716 104,007 23,636 .2,253,106 2,032,192 2,072,775 United Electric Securities. (Report for the year ending Aug. 1, ISOS.) The report for the six months ending Ang. 1. 1898, when combined with that for the half-year ending Feb. 1, 1898, makes the following exhibit of profit and loss. The balance sheet of Ang. 1, 1898, is compared with that of Ang. 1, 1897. PROFIT AND LOSS TE A R 1S97-93. F irst m onths. 6 Interest and. dividends received...... $170,581 Int. paid on collateral trust bon ds.. 103,809 Other expenses.................................. 16,560 6 Second months. Total year. $147,437 90,288 15,936 $318,018 194,097 32,496 $50,212 Profits from sale of underlying b’ds ! 142,897 $41,213 $91,425 92,662 235,559 .$193,109 . 43,541 $133,875 182,928 $326,984 43,541 ,$236,650 . 53,722 $316,803 35,000 $370,525 53,722 35.000 $181,803 $181,803 Dividend N o. 7 .................. Carried to speoial reserve. 1 0 0 .0 0 0 Surplus end of period................. $182,927 BALANCE SH EET ON AUG, Assets— 1898. $ 1897, * IdoMlitiAS— 1 0 0 ,0 0 0 m8s. S to c k s,.........................1,018,200 1,282,100 C apital a to c k Bonds............ 338,500 118,250 C o m m o n ,,.............. 600,000 500.000 P re fe rre d .............. .. 1,000,000 1 ,000,000 At els. r e c e i v a b l e . , 5,210 61,878 Notes receivable.... 180,628 128,913 C o lla te ra l tr u s t 5s— 18,000 1st s c r ie s . ,......... . 80,000 T o ta l...................... 1,568,61 1 1,8? 8,011. 2d do ......... 80*000 117,000 117.000 Book va!n e 0 f abovo 853,815 071,654 3 d d o ............ 90.000 90,000 1st M. b onds a t par ltd do__ ....— 5tii d o ............ , 452.000 ■ 177,000 valuo to « ecure coIla te ra l tr u s t 5 8 .... .4,957,000 0,040,000 0 tll d o ..................*. , 308,000 448.000 701.000 L ess re se rv e 20 p. c. 001,100 1,208,000 7th d o . ............. . , 581,000 •15,000 Less special reserve. 110,0C0 8 th d o . . . . ............. , 337,000 051.000 Oth d o ................... , 372,000 715.000 T o ta l-................3,830,600 ■ 1,787,000 10t.h d o .................... 1, 000,000 ,000,000 20.000 77,718 N otes p a y a b le ....... A ccru ed in te r e s t.... 80,123 43,541 32.168 S u rp lu s ..................... . 181,‘803 C a sh .............................. 270,230 T o t a l ......... . 5,033.803 5,868.511 T o t a l ................... 5,033,803 6,808.641 Cash on hand June 30, 1898, $179,540. Total surplus, $36, 450.—V. 66, p. 1047., 1 Muscatine Electric Railway. (Statement for the year ending June 30, ISOS.) The following is furnished for the late fiscal year: The amounts originally issued and the amounts out standing of the several issues of collateral trust loans, also m E arnings. Expenses Ncl earnings. list of the bonds still pledged as security (and offered for sale J an uary...................... $3,575 $1,364 F ebru ary.................... .. 4,281 3,443 838 by the company) as they stood on Feb. 1, 1898, were given in M a r e b ......................... 3,402 333 the Chronicle of April 9, 1898, p. 707. Since that time the A p ril............................ .. 4,249 2,198 2,050 amount of collateral trust bonds outstanding has been re M a y ........................... .. 4,578 3,287 1,291 rune............................ .. 4,761 3,350 1,410 duced from $3,793,000 to $3,352,000.—V. 66, p. 707. United States Glass Company. T o tal...... .............. $19,315 $7,789 6 months ending Dee. 31. ’97. . 28,373 20,320 (Report for year endingJune SO, 1898.) 8,053 President D. C. Ripley in his report congratulates the Y ear ending June 30, '99........ ..$55,470 $39,634 $15,841 Y e a r ending June 30, ’97........ .. 51,378 37,524 13,854 stockholders that the long-looked-for improvement in the Y e a r ending .Juno 30, ’96........ .. 43,211 30,332 12,870 company’s affairs has arrived. Although prices of staples The net earnings for the year ending June 30, 1898, it will have declined, the present feeling is justified by recent be observed, show an increase of nearly 15 per cent over the sales that prices will now advance. The cost of glass has preceding year and each year shows a gradual increase in been reduced 14c. per 100 pounds. The sales for the past year show an increase of 19 per cent, and the loss for bad gross ana net earnings.—V. 66, p, 574. THE CHRONICLE. S eptember 3, 1888,j debts on this business did not exceed one-third of 1 per cent. Daring the year the company has sold 15 acres of its Glassport property at an average price of $1.100 an acre, and the company's investment in that property is showing satisfac tory results. The report makes the following showing: Sales, royalties, etc.................................................................. G eneral and operating expen ses............................................ 1,602,4 5o N et profits for y e a r .............................................. - ............. A v a ila b le assets— . . ., . Glass and materials on band, accounts receivable and cash. L ia b ilitie s................................................................................. $12,393 „ „ „„ $668, /33 490,872 N et available assets................. - - .......... ............................... A d d cost of works, exclusive of G lassport........................... -,318,401 4b2,468 Glassport Land C o ..............................................- ................... Total assets in excess of liabilities.......................... - .........$2,958,729 The surplus earnings of more than $12,000, as above, com pared. it is stated, with a deficit (of $1,300 last year and a deficit of $30,OJO for the year before. [The authorized capital stock is $5,COO,000 in $100 shares, of which, it is understood, there has been issued (full paid) $3,458,100 common and $690,000 preferred. The company is a Pennsylvania corporation and was organized in 1891 to manu facture pressed and blown glassware of every description. Its plants are at Pittsburg, Glassport and Greensburg, Pa.; Wheeling, W. Va,; Findlay, Steubenville and Tiffin, O., and Gas City, Ind. The report has not been received and the statement here given is taken from a Pittsburg paper.—Ed.] The following were elected directors for the ensuing year: Daniel C. Rip'ey (President), Addison Lyle. A. L. Brahm. Ralph Bagalev, Marion G. Boyce, J. S. Craig, W . C. King, Joseph Anderson, H. D. W , English. 481 Trustee, bond No. 76 for $1,000 has been drawn for redemp tion at 104 and accrued interest on Oct. 1st, 1898. Baltimore & Ohio RR.—Time for Deposits Limited to Sept. 15.—The reorganization managers announce that over 97% per cent of the bonds and over 95% per cent of the stocks embraced in the reorganization plan (excepting the B. & O. preferred shares and Akron & Chicago Junction preferred shares) have been deposited under the plan of June 22, and that further deposits will he accepted only upon a cash pay ment of 2 per cent of the par value of bonds and an addi tional cash payment of $2 per share of stock deposited until Sept. 15, after which date no further deposits will be accepted except in the discretion of the reorganization managers and upon such terms as they may impose.—V. 67, p. 426, Bath (Me.) Gas & Electric.—Lewiston Brunswick & Bath Street By.—Assignment.—A press dispatch from Bath, Me., Aug. 30, says : “ Galen C. Mo3es, one of the wealthiest known of Bath's citizens, assigned to-day. This action is said to he caused by alleged financial difficulties of the Bath Gas & Electric Co. and the Richards Paper Company of South Gardiner, both of which concerns later assigned. The failure is thought to exceed $200,000.” Mr. Moses is Presi dent of the Bath Street Ry. Co., and one of the syndicate pro moting the Lewiston Brnnswiok & Bath Street Ry.—V. 66, p. 1001. Bear Valley Irrigation Co. of Redlands, Cal.—Reorgani zation.—We enclosed a copy of the ite m respecting this com pany recently published in the C to the Savings & Trust Company of Cleveland, O., the mortgage trustee, and requested fnrther information. In response we have this: h r o n ic l e Tlie clipping gives all the information that can be given at this time W e are interested only as trustees under a mortgage, and the clipping outlines a proposed basis of settlement between different parties in GENERAL. IN V E S T M E N T N EW S, litigation. There has been no printed circulars gotten out, simply a made and put in w riting as a basis of settlement, which, if Reorganizations, Etc.—Latest Data as to Defaults, Reor proposition accepted by all parties in interest, contemplates reorganization. W e ganization Plans, Payment of Overdue Coupons, Etc.—Al! have not heard as yet as to whether proposition of settlement has been by the w ater consumers and others to the extent of making facts of this nature appearing since the publication of the last itaccepted binding. Mr. A. G. H nbbard of Redlands, Cal., is C hiirm an of the issues of the I ’ and the S R S bond and note holders’ committee; also of the committee representing may be readily found by means of the following index. receivers’ certificates.—V. 67, p. 369. This index does not include matter in to-day’s C , Brunswick Dock & City Improvement Co.—Additional Full-face figures indicate Volume 67. Stock Listed.—The New York Stock Exchange has listed R M . C o ’s— (C on .) R ailroads & Mis. C o.’s. $730,200 additional capital stock, making total amount listed Volum es 66 and 67— Page. $5,000,010. Volum es 66 a nd 67— Page. The company has redeemed (and the trustee has Appleton (WIs.) Waterr.cvr.'2'21,4 2 6 Nashville Tellico A Charleston. Sue cess r Co. 3 7 1 Astoria A Columbia River.co/icanceled) $169,200 of the $180,300 first mortgage bonds out tractor's suit ........................... 4 2 6 Newark (N. V.) Water Works.-sate.27 5 standing and has made arrangements to pay off the entire Balt. A Oblo.coup0n8.856,859, 1013, *47 New Orleans A West .rec’vrs cert.320 do do ............. plim.1235 N. V. Phila. A Norlolk.'lrpMir^ till bonded indebtedness of the company. See the Treasurer’s Aug. -5.275 statement do do 1088 , in V. 67, p. 273. 1235, ‘2 7, 2 2 1 .3 6 9 Ohio River A*Cbarleston..... soW.275 do do notice to bondholdersA’2 * do do .27 3 Ohio Southern.ftepoBits rill Auo.10.223 Buffalo & Niagara Falls Electric By.—First Dividend. do do do do sale post pom <1.3 7'2 2 7 -t do do ___ ' » tamings.'.i 1H Peoria Dec. A Evansville.Jorsclos.275 —The company has declared its first dividend, one per cent do do Balt. Belt bonds dep.3 IS Richmond Nlch. Irv. A Beattys(quarterly), payable Sept. 15.—V. 63, p. 559. ville........................ sale Sent. 0.223 do do secondinstat.of assess.426 Louis Avoyelles A Southwest sale of pre.f. s ock 4 2 b St.ern................................. Buffalo & Susquehanna RR.—Bonds Called.—First mort sold.43*5 Bear Valley Irrigation C o.‘ Redland®, Cal.) .................... w ry. 369 Staten Isl.Rap.Tr.maj.o/2 dsdepot. -*75 gage five per cent, Series A, $1,000 bonds, numbers 1223 to do do penalty after a ug.22.27 5 1296, both inclusive, and Series B, $500 bonds, numbers 113 Central Br., U. P — sold.953.1013: do do rtorg. not ice. 4 3 5 plan. 1139, ->2 Tacoma Land Co. .......... recvr. e 75 to 116, both inclusive, and numbers 119 to 121, both inclus Central Ohio............... suit filed.d'27 Pac. Lin. A CoLsaut to U. P .435 ive. have been called for the sinking fund, and will be re Cent. Pac...Govt, foreclosure, suit .. 3 1N Union Central Stamp’* Co.assi/nment — 3 HO Union Pac. Den. A Gulf.rumor8 regarding vlan. 435 deemed at par and accrued interest on October 1, 1898, at Central Vermont__ int.payment .273 Cent. Washington.reorq. 856: plan. 953 West Trov Water.............. reerr.'27 fi Wheel. A L. E— ttem.1142; fortcl. 12 S the banking house of Messrs. Hatvey Fisk & Sons, No. 29 Chic. Ft. Madison & Des Moines... rccr.222 do 2d inst. of assess. 123P, 17 H. 324 NassauStreet, New York.—V. 67, p. 427. do stock deposited.27 6 Clncin. A Mask. Val. successor ro.222 Wise. Cent. Co.rcc’shp. prods under Buffalo Tonawanda & Niagara Falls Electric By.—New Citizens’ Electric L. AP.Co. of Ko lift. mart, of 1879.27 6 Company,—This komo. Ind........rtcr. applied for .370 company has been incorporated with au do do Objection to foreclo. Col. San.AHock.rr/rro plans. 176. 22 —deposits called for.2 7 6 thorized capital stock of $1,250,000 in $100 shares, and has Dallas (Tex.) Elec.rtcr.applied for. 370 Denver Leadv. A Gunnison, .forecl.d 151 absorbed the Tonawanda Street RR. The directors are : S R . Hudson Tunnel Ry__ 222 nvestors treet a il w a y upple m ents h r o n ic l e a il r o a d s a n d is c re o ro . m a t u r t . p la n o p e r a t iv e s u it o f p r r f . s h a re h o ld e rs file d . year reoro. reelisure/Ji f o r e c lo s u r e . do do ........... 274 Jamestown A L. Erie../, 1 Jasper Town A Lands ............... 42S Kearney A Black Hills.......*222. 372 Klnatleld A Dead Rlver.8oW.222. 37 l Kingston A P em o ro k e ......... 874 Litcofleld. Carrollton A Western 42S Little Rock Hot Springs A Texas In is 1.3*20 Lowell (Mich.) Wat. A Light 1 plan. foreclosure decree. private until Oct. fared."$7 Volumes 66 a nd 67— Page. result of nection, Bridge con efr.426 treet a il w a y s Brooklyn El Buffalo Kenmore A Ton awanda Electric.......... .. .. ----427 Fulton Wall A Cort. 8t. Ferries RR................................... 42S Petersburg Elec. Ry............. sate. >35 Saginaw (Mich.) Cons St. Ky......435 Union St. Ry. (Saginaw, Mich.).. .435 Lakeside Ry., Mahanoy City 1 sold. sola. .slatusproposition to bondholders.37 American Bell Telephone.—Output of Telephones.—The following statement is published showing the increase in the number of telephones in use by the company’s licensees: ,-M onth end. A ug. 20.—. 1898. Gross o u t p i t ................ 21,863 Returned........................12,022 N etiuorease..............12,841 1897. 15,767 10,154 5,613 tince Dec ,----1897-98. 212,747 95,328 117,419 VO.——. 1896-97. 143,545 6 2 ,0 0 1 81,544 Total telephones in use Aug. 20, 1898, 1,036,541, against 854,171 in August, 1897; increase, 182,370.—V. 67, p. 426. ^American Debenture Co.—Foreclosure Sale Sept. 37.— Foreclosure sale of the collateral securing the bonds of 1883, series F, is advertised for Sept. 27. See list of collateral, etc., in notice of sale in the advertisement in last week’s C h r o n ic l e . ©Appleton ( Wis. | Water Works Co.—Bondholders’ Com mittee.—Wm. H. Barrows, Charles L. LoDg and Granville C. Tyler, with W. W. Miller, of 30 Broad St., New York City, as Secretary, constitute a bondholders’ committee represent ing more than a majority of the first mortgage bonds. They have begun foreclosure proceedings and earnestly request all bondholders who have not already received the committee's circulars immediately to communicate with the secretary of the committee.—-V. 67, p. 426. Badger Electric Co. (Lt’d).—Bonds Called.—Under terms of mortgage dated Oct. 1st, 1891, to the Atlantic Trust Co., n o r y B Smith. Bay City. Mich,; II. >1. GJIett, Bay City, Mich.; Timothy E. Ellsworth. Backport: James A. Roberts, Burr Jo; George Sandrock, Buffalo: Clarence M. Howard. Buffalo: Ja nes Bow. Niagara Falls: John A. Read, North Tonawanda; Benjamin B. Rand, North Tonawanda. The Tonawanda Street RR. was au electric line, bonded for $50,000, and extending from Tonawanda to Gratwiek, 2% miles. The present intention as reported is to build a double track road along the river front from Black Rock to Tonawanda, and from the latter point to Niagara Falls over private property. Chicago Cattle Loan Co.—Chicago Junction Railways & Union Stock Yards Co.—Object of New Company.—It appears that the Chicago Cattle Loan Co., whose incorporation was noted last week, was organized by interests identified with the Chicago Junction Railways & Union Stock Yards Co., for the purpose of loaning money direct to cattle feeders in the West, taking chattel mortgages on the cattle, and'stipuIating that the cattle when marketed shall be sent to Chicago. The Kansas City and Omaha Stock Yards, it is stated, have both organized cattle loan companies, and they have proved of great advantage to the stock yards of those cities.—V. 67, p. 427; Y. 66, p. 1043. Chicago Great Western By.—Surveys.—This company is running a preliminary line from Hampton, la., to Omaha, Neb., not, however, with any present intention of building, bat to secure information which maybe useful in the future. (Official statement to “ Railroad Gazette.”)—V. 67, p. 423, 433. Chicago Peoria & YVestern RR.—Glucose Sugar Refining. —Proposed Connecting Line.—The Chicago P e o r i a & West ern has been incorporated in the interest ot the Glucose Sugar Refining Co., to connect its plants in Chicago, Peoria and Rockford, 111., and Davenport, la. Surveys are in progress between Chicago and Peoria. The officers of the new company are those of the Sugar Refining Co., viz.: President, C. H. Matthiessen; Secretary and Treasurer. S. T. Butler; General Manager, W. J. Gorman.—V. 67, p. 319. THE CHB0N4GLE. 482 Columbus Hocking* Valley & Toledo Ry.—Further Ad vance of 1 Per Cent fo r Interest on Consol. 5s Sept. 1.—J. P. Morgan & Co., referring to their circulars of Feb. 25, 1897, Aug. 31, 1897, and Feb. 28, 1898, give notice fcbafc they are prepared to make a further advance of $20 on each $1,0 >0 5 per cent consol, bond of 1881 now deposited with them,—V. 66, p, 1041. Commonwealth Electric Co.—Chicago Edison Co,— Prospect us--Description of Bonds and Property.—Agree ment.—Of the sj.uOO.cDO of Commonwealth Electric bonds recently issued it is announced that $500.00 > have been placed in London with th** London*Scottish American Trust, through Aldis, Aldis, Xorthcote & Wilson, In addition $700,000, it is stated, have been placed in Chicago, $8 0,000 more have practically been placed and N. \Y. Harris & Co. are offering the remaining $500,00!). A letter of President Insun toN. W. Harris & Co. gives the following facts regard ing the company's property, its business, its bond issue and its agreement with the Chicago Elison Co.: rvoL, L x v n - will issue negotiable certificates for the shares. The time allowed for such deposits is limited to Sept, 20.” Description of .Veto Purchase Money Bonds of Kings County Co.—“ the trust company, after its receipt of two-tliirds of the Edison stock, will assign the shares to the Kings County Co. and receive the purchase price therefor, which will (in cluding the additional stock subscribed aud paid for) be represented, par for par, by 6 per cent gold ninety-nine year purchase money coupon or registered bonds of the Kings County Co. The Kings County Co will, in addition, deliver to the stockholders’ committee bonds of the same issue which will produce an income agreed to be sufficient to meet the expenses of the competent representation by the commit tee of the present and futnre int rests aud rights of the Edi son selliug stockholders in the necessary details of the pres ent transaction, in guarding the expenditures of the pro ceeds of the further issue of Edison first consolidated mort gage bonds and the investment of the guaranty fund pres ently mentioned, atid otherwise.” “The purchase money boud of the Kings County Company Property Owned —The Common wealth Company practically control the entire oleotrio lighting husiness In Chicago sooth of Thirty-ninth will he s-cured by vendor's lien on the Edison shares to be Street, north of Lincoln Park ami west of Ashland Boulevard. It re reserved by the Central Trust Company aud by a purchase cently acquired at a cost of considerably more than $ 2 ,6 0 0 ,0 0 0 the money mortgage, which, besides being a first lien on the busiuesa and a sets of the following companies: S ou th S ins.—People's Electric Light & Motor Power Co., M utual Electric Edison shares, will be a general lien on property, present Llfrftt Co., Hy.le Park Thoms.«n H ouston Light Co.. Hyde Park Bloctrlc Light and futnre, of the Kings County Company, subject only to A Pow er Co.. E>u*!ewo >1 Electric Light Co.. People's Light & Power Co. its present first mortgage of $2,50 ',000. They will also be W*ST SIDE.—W est C hieigo Light & Power Co. N o rth S id e .—Western Light fit Power Co.. E dsew ater Light Co. secured hy the deposit with the Central Trust Company of The Commonwealth Company's ordinance confers the right to use $1 000,000 cash to be invested in securities to be approved by streets and alleys throughout the entire city of Chicago for a period of the stockholders’ committee.” fifty years from .J uuc, l ^07, in the operation of wrres and electric con Consolidate I Mortgage of Elison Go. to be increased to duotors for the distribution of electricity for furnishing light, beat be 910.000,000 at J, Per Cent Interest.—“ It is proposed and pow er The company has also acquired the ordinances or : Garfield Electric Lighting Co., on th e west side. that the Edison first consolidated mortgage, recently W estern E lectric Co., on th e south side. Fort W ayne .Tenney Electric Co.. Labe Electric .Lighting Co, and Town of authorized for $5,000,000, in 5 per cent bonds, shall be L abe Electric Light Co , in th e town of Lake. authorized instead to an amount not exceeding $ 0,0 10,000 in L ake View Electric Light * o., in the city of Lake View. The company therefore possesses full and ample ordinance rights forty year 1 per cent bonds. This mortgage will be secured covering its operation in every part of Chicago. by a first lien on all the Edison property, subject only to the New Bonds —The $2,< 0",00<> of 5 per cent forty-five year gold bonds existing first mortgage bonds which will he paid off and can are secured by a mortgage to the Northern Trust Co., Chicago, The fu r celed in 1900. The Kings County Company will additionally ther amount of $15«',000 is held in escrow for the retirement of $5 000 bonds of the Hyde Park Tliomsoo-Houston Light Co. and $100,- secure these bonds by a mortgage of its own property, sub 000 of bonds of the Hyde Park Electric Light & Pow er Go. by purchase ject to $2,500,000 of its first mortgage bonds and the lien of or exchange, for which arrangements are already on foot. A f t e r re tirement of the $ l oO,0 0 0 outstanding bonds said mortgage w ill be a its purchase money bonds to be received by the Edison sell first lien upon all property and rights of the Commonwealth Company. ing-stockholders. The first issue of the Eidison first consoli [Then follows a statement as to the right to issue additional bonds dated bonds will be $2,000,000, to provide funds to pay for and the provisions touching the depreciation reserve fund, substan the stock of the Municipal Co enpany. Of the remainder, tially as already reported in the C of Aug. 13, page 319.] F lan o f Operation.— Agreem ent w ith Chicago Edison as to Interest .— $1,875,000 will be reserved to retire the $l,500,f'00 of exist The various systems operated by the different companies above men ing first mortgage bonds, which will be called for payment tioned have been consolidated and brought under one management, at 110 and interest in 1900, as provided in the mortgage. The and five of the nine existing stations w ill be dispensed with. A n extrem ely favora *le operating contract for the period of the life remainder of the $10,000,0.00 issue will be issued from time to of the bonds has been form ally executed bet ween the Chic tgo Edison time as required for extensions, additions and other prop Co. and the Commonwealth Co., giving the latter the right to call upon erty, which, when acquired, will become subject to the the Edison Co. *o supply all the current necessary to feed the Com lien of the mortgage.” m onwealth Co.’s system at a very low cost of production. Right to Subscribe for Consol. J? at 88 in 1900.—“ It is U nder this operating contract it is provided that, if at any time the Interest on the Com ■on wealth Company bonds shall be unpaid, all proposed to secure to the Elison stockholders ratably to m oneys accruing to the E Uson Company und*-r the contract pending their holdings the right to subscribe in 1900 for the $1,875,000 such default shall be paid to the mortgage trustee to be used in paying the matured interest coupons, the Edison Company allowing the p ay of E lison consolidated first mortgage bonds at the price of m ent of interest by the C -mmonwealth Company in preference to its 88 per cent of their par value, which will provide the amount o w n claims. It will thus be seen that the Edison Company practically necessary to redeem the $1,500,000 of existing first mortgage stands sponsor for the payment, to the extent of moneys accruing to The holders of Central Trust Co. certificates for stock It under the operating contract, of the interest on bonds of the Com bonds. deposited will thus for each 21 yA shares have the privilege in m onwealth Company^ E a rn in ,s— The gross earnings of the various systems now owned 1900 of subscribing for one $1,000 bond at the price of $S80 for the year 1897 were approxim ately $333,000. The net earnings for that period were $75,700. On A p ril 1, 1898, the Commonwealth and accrued interest.” Extra Dividend of 2% to 3 Per Cent from Profit and Loss Electric Co. took over the various properties, but did not commence economizing until about M ay 15, since which time without any in Surplus.—“ The holders of trust company certificates will crease in prices the lollow ln g results have been obtained: »lso be entitled to their ratable shares of extra dividends to Gross Operating Net Av. per be declared by the Edison Company so as to distribute the i«t«». M a y ...............................................$25,911 f 19,07? $4,832 *-*2,0*9 amount io the credit of profit and loss on June 30, 1898, in J u n e . . . . . ..................................... 27,474 1 8J5 3 9.411 112,9«4 cluding the insurance fund, less the expenses of the company July.................................. 27,517 17,771 9,744 11(5,962 incident to the new mortgage and this transaction. The The above figures are based upon the operation of the plants with amount of this dividend cannot be known until such expenses out the advantage of the operating contract made with the Edison and 3 C o., the advantages of which w ill increase as the business of the C om are determined, but it will probably be between monwealth Co. is extended. The total fixed charge* under a bond per cent.” issue of $2,000,000, and including the interest on the u n d erL in g Stockholders’ Committee.—“The duties of the stockholders' bonds, will amount to $109,000. I t is estimated the net e m iin g s be fore the lapse of a year's operation w ill be at the rate of $140,000 p er committee, George Foster Peabody, Ethan Allen Doty and Edwin M. Bnlkley, will, it is contemplated, continue until annum. investment shall have been made of the remaining $0,125,000 M anagem ent -T h e officers and directors are as follows: P resid ent,. S am uel Instill; V ice Pres., R o b e rt T. L incoln: Sec. an d Tre&s., of the Edison first consolidated bonds reserved for extensions F ra n * S. G o rto n , C om ptroller, W a lte r M . A n th o n y ; G e n e a l Super., L ouis A. and improvements. The membership of this committee will F e rg u so n ; Directors, E dw ard L. B rew ster, S am uel In u ill. Jo se p h L oiter, R ob he in the control of the holders of a majority of the purchase e r t T. L in co ln anti J o h n J . M itch ell,—V. 47, p. 370, 319. money tonds to be received by the Edison selling stock Eastern Illinois Coal Co.—Payment of Coupons.—A Bos holders.” ton paper says : Deposit of Two-Thirds of Stock Necessary.—“ The agree "T reasu rer J. M. Pendleton announces that tile coupon ol Sent. 1 ment will become effectual upon depout with the Central 1808, w ill he paid on presentation at the Farm ers’ Loan & Tnm tCo. The coupon of March, 1sos:, will be paid later on if it is possible to do Trust Company of two thirds of the Edison stock. The time so, but ilie condition of the soft coal trade has been snob in the past allowed for such deposits is limited to September 20.” few years that the company has been unable to uinlco inaw-s that Capitalization of Kings County Company.—The Edison w ould provide a revenue sufficient to meet the interest chargee It Is hoped that the company w ill ho aide to meet the Interest in the Company has outstanding $4,000,100 of stock, which will bs increased to $5,1100,00 ) and exchanged as above stated. If future, hut it cannot be prom ised at this time.” the entire issue is so exchanged, the capitalization of the Edison Electric Illuminating Co. of Brooklyn.—Kings Kings County Company will consist of the following : County Electric Light and Power.—Offleial Circular Gunny Terms for Sale of S ’ode.—An official circular explains as fol Kings County capital Stock............. ............... .....................$2,500,000 First mortgage a p. o. (A<fcO) gold bonds of 1897, due 1937 2,500,000 lows the plan under which the stockholders of the Edison Purchase money 0 per cent ninety-nine year gold bonds Electric Illuminating Co. of Brooklyn can sell their holdings sheared by deposit of Edison stock, nl>o by a second mort to the Kings County Electric Light & Power Co: gage ou t'*e property of the Kings County Co., and by a guaranty fund of $1,000,000, total issue a bout.___ . . . . . . . 5,150,000 Deposit of Stock.—‘ Edison stockholders are to deposit Edison Illum inating llrstm ortgage 5s subject to their certificates of stock, together with an agreement to de cull inElectric 1o o o .......................... ......................;......................... 1,500,000 posit- an amount of cash equal to 25 per cent of their stock Edison Electric Illuminating consol, m ortgage forty-year 4 with the Central Trust Co. (unless the right to subscribe for per cent, $10,000,000. of which to be issued at once to pay additional stock shall have been assigned), and are to assign for Municipal Com pany’s stock...... .................................... 2,000,000 to the trust company the shares represented by the certifi —V. 67, p. 177. cates, together with the shares of the additional stock to be East Middlesex Street Tty.— Payment of Bonds.—The acquired with the cash so deposited. The trust- company $125,000 bonds due Sept 1 are being paid at the National h r o n ic l e M o n th . in c o •>*. ex- e a r n in o s . y e a r. S eptember 3, 18S8.J THE CHRONICLE. 483 transfer ticket used or offered for passage after the time Hide & Leather Bank, Boston. Estabrook & Co. recently to have such purchased a like amount of 5 per cents issued to refund the limited meanor."for its use shall have expired, shall he guilty of a misde maturing loan. & Harleiu RR.—Stockholders to Vote Oct. 5 on Glas Consumers’ Association of the United States.—To New York Settlement of Refunding Controversy .—A. special Increase Capital Stock.—The stockholders will vote at the Proposed of the stockholders will be field on Oc . 5, 1898, at office of the company, 316 Post Street, San Francisco, on Oct., meeting twelve o’clock, noon, “for the purpose of considering the 20, upon a proposition to increase the capital stock from final report of a committee appointed by the board of direct $300,000 to $500,000, divided into 25,000 shares of the par to agree with, the board of directors of the New York value of $20 each. D. L. Randolph is President and George ors Central & Hudson River RR. Co. upon a settlement of the R. Kibbe Secretary of the company. questions between the two companies arising out of the lease 1, 1873. and the refunding of the consolidated mort Hudson River Tunnel Ry.—Sale Ordered.—Chancellor of April bonds of this company, and for the purpose of taking McGill, at Jersey City, on Thursday signed the order direct gage final action with reference to such proposed settlement and ing the foreclosure sale of the property. The date of agreement.” The terms of the proposed settlement were sale will be fixed by Commissioner Randolph Parmly.—V. 67, given in the C hronicle of Aug. 13, p. 331. They provide p. 274. that of the saving from refunding the $12,000,000 of 7s due Illinois Steel—Minnesota Iron—Lorain Steel—Elgin May 1, 1900, at per cent, $330,60 ' shall go to the Central Joliet Si Eastern RR.—Chicago Lake Shore & Eastern RR. and to the New York & Harlem, affording to the —Federal Steel.—Official Statement as to Pending Consoli latter$200,000 amount equal to 2 per cent yearly on its stock. dation.—On Tuesday Judge E. H. Gary gave to the press the The an Harlem stock is now receiving in dividends 12 per following statement: cent yearly, and after July, 1901, (when the rental from the “The committee on consolidation reports that it has been Fourth Avenue line will be increased from %% Per cent to 4 decided to organize a new company, to be known as the Fed per cent) and the refunding of the consols will have been eral Steel Co., under the laws of New Jersey. The capital accomplished, the annual distribution equal 1414, if stock will be about $200,010,000, one-half in 6 per cent pre not 15, per cent. See V. 67, p. 178 and should 223, and also Inves ferred and one half in common stock. A syndicate which tors’ Supplement.—V. 67, p. 321. will furnish the necessary working capital for the new com Northern Pacific R y.—Master's Report Touching Lands.— pany will be managed by J. P. Morgan & Co. “Arrangements for the purchase of the steel plants at Lor Special Master Carey at Milwaukee, Wis., Aug. 25, filed his ain, O., and Johnstown, Pa., have been consummated. A report, deciding that the preferred stock of the old company majority of the stockholders of the Minnesota Iron Co., the does not possess the lien whieh was claimed for it upon the Illinois Steel Co. and the Elgin Joliet & Eastern RR. Co. 3,738,874 acres of land in Minnesota and North Dakota east have already signified their willingness to sell to the new of the Missouri River. The Master holds that there can be no such thmg as preference of stock upon capital, in the company. “It is expected that a circular embodying the plan of or sense that the stockholder shall be repaid that which he has ganization will be sent to the stockholders of the different contributed to the capital of the corporation, before the credit companies within a week. The transfers of stock will prob ors are satisfied. ably be made by the Central Trust Co. It is expected that Report.—An advance statement for the late fiscal year will the new company will be ready to begin business on Oet. 1.” be found on page 477 of to-day’s Chronicle. The final details are to be left to a sub committee consist Dividend. —It is understood that at their meeting yesterday ing of Robert Bacon of J. P. Morgan & Co. and Roswell P. the directors took no action regarding any dividend on the common stock from the earnings of the past year, and that Flower. We are officially informed that the stockholders of the the annual report, as adopted, makes no mention of the sub Minnesota Iron Co. will receive a cash dividend of per ject. The President stated to the board that if business cent and for every $10,000 par value of stock $13,600 par value prospects continue as at present, of which there seems to be of new preferred stock. They will also have the privilege of every likelihood, it would be proper for the board in the subscribing for $10,000 of new common stock at 25.—Y. 67, p. course of a few months, to give consideration to the question of a dividend on the common stock from the earnings of the 428. Kansas City Pittsburg & Gulf RR.—Official Statement.— current year.—V. 67, p. 223. President Stillwell has made the following statement regard Paducah (Ky.) Railway & Light Co.—Status of Consoli ing the property: “ The prospects for our road were never dation.—New Lo in.—This company, as already announced, blighter than they are to day. I hear all sorts of rumors of has been incorporated with a capital stock of $200,090, aud receiverships, big floating debt, &c., but the facts in the case we are officially informed will be bonded for $10 >,000, are that the Kansas City Pittsburg & Gulf is to-day earning secured by a first mortgage, the on the prop its full interest and has the larger part of the money in the erty. Tfie purpose is to absorbonlythemortgage two street bank to meet its October coupons. It has no floating debt. companies and the two electric-light companies, all ofrailway Our August earniDgs (‘812,000) are the largest in the history are now owned by the same people. The companieswhich of the road. The best previous month was November, 1897, to be amalgamated are the Paduiah Street Railway Co. thus and with gross earnings of $303,600, Our earnings are now $11,- the People’s Light, Power & Railway Co , the last-named 000 to $12,000 a day. They should from nowon be largely having already absorbed the General Electric increased, for the cotton movement is just starting Five company Light & Power Co. large lumber mills which have been in processs of construc There will be about miles of street railway, besides a tion for nine months will soon be completed, and they should large electric light aud14}£power plant. The new bonis are give us $5,000 a day in freight. One of the mills is now giving being sold through the American Trust & Savings Bank of us $1,000 a day. The last week of July was the best week in Chicago, 111., and Mr. R. W. ViviaD, broker, of the same city. the history of the road for the movement of lumber. We The preliminaries are not yet completed, bat it is hoped handled 564 cars from the 119 saw-mills located on the road.” during the next few weeks to get everything in shape.— —V. 67, p. 222. V. 67, p. 127. Kentucky & Indiana Bridge.—Bonds Sold.— Logan Mur Peoples Gas Light & Coke Co. of Chicago.—Cross Bill.— ray, who is liquidating the Kentucky National Bank, it is In the suit of James Livingston the company has filed a cross stated, has sold $138,000 of the terminal bonds o’ the bill designed to show that at the time of filing his bill Bridge at 00 to the Southern Railway Co. It is thought the Livingston was not the owner of the fifteen bonds in question, bridge will be foreclosed this fall and the company be re but was and is now a mere tool of certain persons who have organized.—V. 65, p. 976. caused to be instituted the action in furtherance of a design injure the stock aud bond holders of the company by de Mobile & Bay Shore Ry.—Mobile & Ohio RR.—New Pro to ths market value of the company’s assets and ject.—The Mobile & Bay Shore Ry. was recently incorporated preciating by W. Butler Duncan, Adrian Iselin, Jr., j. H. Masson, securities,—V. 67, p. 321. James C. Clarke, and others, identified with the Mobile & Port Arthur Duluth & Western Ry.—Sold.—The Toronto Ohio, to build a railroad from Mertz Station, on the Dancan General Trusts Co. has sold the control of the road to Macken Branch, to or near Portersville and Alabama Port, a distance zie, Mann & Co. for a price said to be about $250,000. The of 27 miles. All the rights of way have been secured. Books new owners, it is believed, will extend the road forty or fifty of subscription to the capital stock of the Mobile & Bay miles into Minnesota to connect with the railways of the Shore Ry. Co. will be opened in the Cotton Exchange Build Northwestern States and also to a connection with the Rainy ing, Mobile, on Sept. 28th, 1898.—V. 67, p. 271. River Railway, a charter for which Mackenzie, Mann & Co. have secured, and on the construction of which it is said they New Transfer Ticket Law in New York State.—Statute are now working. A description of the Port Arthur Duluth in Effect.—The law providing a penalty for the unlawful use & Western was given in V. 64, p. 1002. of trar sfer tickets issued by the street railways of New York State went into effect on Thursday. The law is as follows: (Juebee Montmoreney & Charlevoix Ry.—To Purchase "Section 619a. N o transfer ticket or written or printed instrument Power and Light Plant.—The stockholders will vote Sept. 30 giving, or purporting to give, the right of transfer to any person nr on a proposition to purchase the Montmorency Power Com persons from a pnblio conveyance operated upon one lino or route of pany, which supplies the motive power of the street railway a street surface railroad to a public conveyance upon another line or and lights to the city streets. Theprice is said to be $1,250,route of a street surface rail road, or from one car to another car upon the 000.—Y. 67, p. 75. same line of street surface railroad, shall he Issued, sold, or given, ex cept to a passenger law fully entitled thereto. A n y person who shall is Sedalia (Mo.) Railway Light & Power.—Sedalia Elec sue, sell or give away sueh a transfer ticket or Instrument as aforesaid to a person or persons not lawfully entitled thereto, and any person or tric Co. - Purchased.—A press dispatch from Sedalia says persons not law fully entitled thereto who shall receive and use or offer for iiassage any such transfer ticket or instrument, or shall sell ihe Sedalia Railway Light & Power Co. and the Sedalia & or give away such transfer ticket or Instrument to another, with Intent Brown Springs Electric, embracing in all 15 miles of track 43 4 THE CHRONICLE. [VOL. I.XV II. by the charges to operating e x pimsea fo r renew als and repairs, and an electric-light plant have been purchased by Stewart ered from tin- character of the machinery an d plant w e believe tills to & Co., of New York, and will be consolidated under the and b© the case/’ name of the Sedftlia Electric Co. The uew officers are: S. These profits, averaging over $400,000 per annum, w ill leave a sur a4tor paying 5 peir cent ou bonds. 7 per cent on the preferred H. G. Stewart of New York, President: John D. Crawford plus aud 8 per cent on both classes of common stock. The now com of Sedalia, Vice-President, aud Calton H. Reeve of New stock pany has arranged to continue for a period of years thy present m an York, Secretary and Treasurer. The directors are the above agement, and some of the form er directors will remain as directors. officers and A, C, Zimmerman of New York and W. II. Powell, Jr., of Sedalia. Third Avenue RR. (Now York City).— Beady fo r UnderTrolley.—Edward Lanterbach, counsel and one of the Standard Rope ,v Twine.—Union Selling Co.—Selling- ground of the company, is quoted as saying : Agent'}/.—The Union Selling Co. has been organized, with a directors underground trolley which is to replace the cable capital of .$500,000. Mr. Thomas Russell, for thirty years and“ The traedion methods of the comp my will be in opera agent of the Clnrk Mile-End Spool Cotton, is President and tion other sixty days after the beginning of the work on the main Mr. Charles E. Borden is Vice-President. Mr. Borden has ThirdinAvenue Before the snow flie3 the cars of the 43d been at the head of the sales department of the Rope &Tw!ne Street line willline. by electricity and those of the Co. The other directors are Mr. Henry D. Cooper of J. F. 125th Street linebeinoperated ninety days. The Dry Dock line will be "White & Co., Mr. J. W. Spanidiug of A. G. Spaulding & Co. left over nntd the spring. Tne change from cable to trolley and Mr. E. A. Walton of the Citizens’ Insurance Co, will result in little, if any, interference with the operation of We understand that the purpose of the Union Selling Co. the Third Avenue system, except perhaps on the 43d Street is, in its relation with the Rope & Twine Co., to act as selling When, seven years ago, the change was made from agents, and at the same time to finance the Rope & Twine line. to cable traction there was no interference with opera Co.’s business to an extent which will enable it to run its fac horses and recently at Washington a change was made from tories on fall time and so place it in the position in the trade tions, to electricity without a hitch. which it should occupy. Hitherto the Rope & Twine Co. has cable “ All the changes and improvements contemplated for the been unable to do what is now proposed to he done through system will cost from $12,000,000 to §15,000,000. The new cars the intermediary of the Union Selling Co., owing to lack of will be lighted by electricity, will bs handsomely equipped sufficient working capital. It will he seen that this arrange and properly heated the cold season. We are reaching ment will enable the Rope & Twine Co. to effect large econ out with the Union for Railway Co. and improving its service omies in its manufacturing expenses, and as the Selling Co. steadily, and onr relations with the Metropolitan Street Rail will assume the charge for selling, the net benefit to the Rope way Co. continue to be pleasant. The change on Third Ave & Twine Co will be considerable.—V. 60, p. 951. nue from cable to electricity was brought about by the force Staten Island Rapid Transit RR.—Oyer 93 Per Cent of of sound logic and no considerations that involved delay were Seconds Deposited—Pt nalty After Sept. .9.—Hallgarten & Co. heeded.” announce that over 92 per cent of the o per cent second A statement of the earnings for the year ending June 30, mortgage bonds guaranteed by the Baltimore & Ohio RR, 1898, is given under “ Annual Reports.”—V. 66, p. 1047. Co. have been deposited with the Central Trust Co. under United States Mortgage & Trust Co.—Listing of B mds on the July agreement. Notice is given that further deposits New York Stock Exchange.—Series G of this company’s Real will only be accepted without penalty until September 9, in first mortgage collateral trust bonds were listed last elusive, after which date there will be a penalty of $30 per Estate week on the New York Stock Exchange. In J nne last several bond.—V. 67, p. 435. of the previous issues were listed and the statement then Swift & Co.—Increased Dividend.—The company has in made to the Exchange described very fully the nature of the creased the rate of its quarterly dividend from 6 per cent per Real Estate Bonds and their collateral, and also the financial annum, at which it has stood since April, 1895, to 7 per cent. standing of the company as shown by income account, bal ance sheet, etc. This statement will be found at length on Previous to 1895 the rate was 8£ yearly.—V. 67, p. 8.21. page 487 of this issue of the Chronicle.—V. 86, p. 1239. Terre Haute Electric Ry. -Majority of Bonds of 1S9S De feated—Further Deposits till Sept. IS.—The first mortgage United States Sugar Refining Co. Waukegan, 111.—Com bondholders’ committee of the Terre Haute Street Railway petition in Glucose.—This company with a capital of §2,000,Co. has prepared a bondholders’ agreement and has secured stock and $1,000,000 6 per cent bonds has the following the deposit of more than a majority of the bonds thereunder. 000 officers : President, C. M. Warner of Syracuse ; Vice Presi The limit of time for receiving deposits at the Illinois Trust dent, Wrn. H. Bartlett of Bartlett, Frazier & Co. ; Treasurer, 6 Savings Bank has been fixed at Sept, 15.—V. 67, p. 323. Thos, A. McIntyre of McIntyre &Wardwell. The directors A. Nash, President of the Corn Exchange Bank : Torrington (Needle) Company—Excelsior Needle Co. of areR.: Wm. Ladew, director of the U. S. Leather Co. ; E. B. Wal Connecticut—New Company —Securities Offered. —Kidder, E. den ; Herman W. Hoops, Timothy Hogan and Wm. J. Forbes. Peabody & Co, this week offered for subscription at par The Wall Street Journal” says : $1,000,000 first mortgage os, $1,000,000 preferred stock and The“plans of the company call for a factory with a dally capacity of $1,000,000 Class “A” stock of the new Torrington Company. 15,000 bushels of corn, which Is about one-sixth of the capacity of the The company is capitalized as follows : Glucose Co. It is stated by people connected w ith the new com pany First mortgage 5 per cent 20-year gold bonds, dated Sept. 1,1898, o'. Issue Mortgage trustee. Newat Eng land Trustinterest Co., ofM&S. Boston. subject to call 110 and interest............ *...................... ......................................$1,000,000 7 per cent cumulative stock, preferred as to principal and dividends; issue subject to call at 125 per cebt; par value of shares, $25.................................................................. . 1,000,000 ■ Class “A” common stock, entitled for before 5 yearsauy to 8 dividend per cent dividends each year, cumulatively, payments to Class “B,” par value of shares $25................ 1,000,000 ■ Class “B” common stock, par value of shares, $25.............. 1,000,000 The subscription lists were opened on Thursday, Septem ber 1, and were to be closed on or before September 3, [898. The Torrington Company is incorporated under the laws of the State of Maine, and was formed for the purpose of ac quiring and carrying on the business of the Excelsior Needle Co. of Connecticut, which has been in business since 1866. It will own directly aod through ownership of the shares of subordinate companies the factory and plant at Torrington, Connecticut, where are manufactured sewicg-machine* and knitting-machine needles, and also bicycle spokes and nip pies and swaging machinery ; also the factory at Springfield, Massachusetts, where are manufactured needles ; and the needle factory in Redditch, England; also a considerable in vestment in store supplies in Boston, New York, Philadel phia, Chicago and London, England, and in its bicycle spoke factory in Leicester, England. The prospectus eays : that the factory w ill be in operation 1ti October. The new company bases its plans on the expectation of a profit, of 25 oeuts. whioh is re garded as conservative. There arc practically no patents covering the production of glucose, but it oosts from $L, '00,000 to $2,000,000 to equip a modern plant, and tills fact is of itself a guaranty against destructive competition, i t is not likely that the entry of a competi tor in the glucose field will bo productive of disturbance in the trade, as the Glucose Co. feels that It is desirable from various points of view that there should bo a certain amount of independent com petition in the trade.—V. 6G. p. 6L7. Union Suburban Telephone & Telegraph Co. of Cleve land.—This company has been incorporated with $1,000,060 authorized capital stock to operate from Painasville to San dusky, with branches all over Ohio. H. A. Everett aud J, B. Hanna are among the incorporators. The syndicate, of which Mr. Everett is at the head, it is ^stated has secured control of the Home Telephone Co. and is planning this ex tension. Utah & Pacific RR.—Oregon Short Line RR.—New Line. —The Utah & Pacific RR. has been incorporated in Utah to build a railroad from Milford s mbhwest to. the boundary line of Utah in Iron Oonnty, about 80 miles. The road will be virtually an extension of the Oregon Short Line, and will use the old grade, which was completed by the Union Pacific several years ago from Milford to Pioche. Nevada, UO miles. A contract with the Oregon Short Line provide: that the lat ter shall furnish the rails and equip the road. Tae contract with the Short Line, it is stated, also calls for the com pletion of the road within one year from August 10: 40 miles to Sulphur Springs, it is hop ad. will be re idy fo* opera tion by January 1. The capital stock is $850,000. and the illcorporators are: Alfred W. MeOnne. of Silt Lake. Presi dent; David Eccles, of Ogden, Vice-President: William L. Hoge, of Anaconda, Mont.. Secretary; Ch'is. W. Niblev, of Baker City, Ore.. Treasurer; Joseph F. Smith, Richard Mack intosh, of Salt Lake: Thomas D. Dse, of Ogden, and Robert C. Lund, of St. George, The work of construction will be carried on by the Utah Construction Co., with Robert S. Campbell as President.—V. 67, p. 372. The officers of the old company state that it produce* a large major ity of all thein sewing-machine needles bioycleacquires spokes and produced this country. The newand company all nipples the old company, free of all ineunibroncos, and will start with uo outstand ing liabilities except the above-mentioned bonds and With $175,000 cash on hand, beside cash assets. The books of the oldabout comany have beenaccountants examined byof Messrs. Deloitto, Dovers, Griffiths o., chartered London and New York, who report as& follows: “ We have examined the accounts or the Excelsior Needle Co., Tor rington, Conu.. the National Needle Co., Springfield, Mass., and A. H. Smith & Co., New Haven, Conn., aud we ilud the total profits for the three companies, before charging any depreciation and interest on capital, to beJune, as follows: ended 30th year ended 80th 1897, Year $398,040; yearJune, ended1390. J-Oth$480,074; June. 1898. $405,725, These profits are arrived at after including the result of the transactions of theInbusiness In England andended30th the variousJune, agencies In the United States. the profits for the rear 1898, there is included an amount of $71,912, derived from the sale of pat*ent rights in Germany. We are assured that all depreciation Is cov \W ~ F o r o th e r In c o n tin e n t Ite m * i* e pa-re 4 8 8 . S S eptember 3, 1898.] THE CHRONICLE, 485 contract was thereupon made with the Wagner Company for running sleeping-cars only, for a period of ten years, the Railway Company reserving the right to operate its own drawing-room cars, the earnings from which will hereafter N EW Y O R K O N T A R I O & W E S T E R N he included in the earnings of the Railway. In addition to the amount invested by the company in the R A ILW A Y C O MPANY. stock and bonds of the Ontario Carbondale & Scranton Rail NINETEENTH ANNUAL REPOET—FOR THE FISCAL way Company, further sums were necessary to complete that line, amounting at the close of the fiscal year to §628,YEAR ENDING JUNE 30, 1898. 894 76. While these advances have been carried as, and do constitute, an asset, enforcible by judgment against the Office of the President, ) subordinate company, should any necessity arise for such New York, September 1st, 1898. f action, to protect the interests of the company or its secur To the Stockholders: ity-holders, it is evident that the item is not a quick asset The receipts and disbursements of the Company for the available the purpose of discharging direct liabilities. fiscal year ended June 30, 1898, compared with the preceding Surplus for earnings having been used in the completion of year were as follows: the line, the Board decided to charge the item against the RECEIPTS. profit and loss account aud to credit the same account with 1897. 1898. balances carried in the construction accounts of the $638,659 26 the $841,673 52 From Passengers............ Valley and Hancock & Pennsylvania roads (the 3,090.280 31 3,075,505 24 Wharton ““ Mails Freight................... latter being the portion of the O. C. & S. line in New York 122,774 121,658 and Express. 59,902 23 18 58,579 63 86 State), both which accounts are now dosed. Miscellaneous............... . Various other minor accounts have also been closed, un Total Receipts ...............................$3,914,635 27 $3,894,402 99 collectible claims charged off and settlements of old claims OPERATING EXPENSES. effected, making a further charge to profit and loss, the net 1897. 30 result of all being a reduction of the profit and loss surplus 1898. $546,017 Maintenance of Way and Structures__ $553,489 31 from $2,681,087 28 at June 30, 1897, to $2,611,173 02 at June 457,717 67 30, Maintenance of Equipment................... 1,544,816 469.753 22 68 1,531.200 59 1898 The charges and credits referred to are set out in Conducting Transportation................... 120,923 70 more detail in the Treasurer’s report. General Expenses................................... 120,718 26 PASSENGER RECEIPTS. Total................................................... $2,688,777 Taxes......................................................... 112,8654723 $2,655,859 124,6362697 In view of recent legislation obliging railway companies the State of New York charging a rate of fare ex Total Operating Expen sea and Taxes $2,801,642 70 $2,780,496 23 in ceeding two cents a mile to place on sale mileage books of 76 500 or 1,000 coupons, at two cents per mile, good in the Net Earninga............................................$1,112,992 57 $1,113,906 713,995 77 hands of any person presenting them on trains, the officers Interest, Rentals and Charges............... 710,532 36 the Company, after mature reflection, concluded to make Surplus..................................................... $402,460 21 $399,910 99 of a uniform rate of two cents a mile for all distances traveled Local passenger receipts were $560,633 09, compared with over the Company’s lines, at. the same time withdrawing all $563,389 54 in the preceding fiscal year ; through passenger other forms of tickets, including the mileage books pre and immigrant earnings were $81,045 43, compared with viously issued. The use of such books led to abuses which $75,269 72. Mail and express receipts were $122,774 23, com the officers of the Company were unable to control or rec pared with $121,658 63. Freight traffic earnings, classified tify. At several connecting points it was necessary to meet as in former reports and compared with the five years be the two-cent rate established long since by the New York Central Company, and being confronted by these condi ginning with the fiscal year 1894, were : tions, the plan of charging a uniform rate of two cents per 1888. 1897. 1696. 1S95. 1891. I t i l 303,58131l 226.291 55 mile was finally adopted. It is believed that for a time this Through F reigh t 352,697 04 322,03214 292,519 07 concession may result in reduced passenger receipts, but the L o ca l F reigh t... 637,458 53 587 128 19 654,007 76 611.511 96 662,80739 Board and officials of the Company have reason to expect M ilk........ 433,882 60 443,408 48 426.61110 381,681 20 351,03794 that the reduction from three cents to two cents per mile C o a l....1,666,24217 1,722,036 43 1,588.424 38 1,681.227 29 1,753,874 31 will, in the end, stimulate passenger travel and develop the M iscellaneous... 59.902 18 58,57986 41,767 43 38,691 68 41.11300 country adjacent to the main line and its branches, thus Total............ 3,150,182 52 3,131,085 10 3,002,362 72 2,916,729 57 3,088,129 28 eventually augmenting the Company’s revenues, both as to earnings. The following comparative statement of operations for local freight and passenger LOCAL FREIGHT RECEIPTS. the last nine years is worthy of consideration : After a prolonged period of dulness and depression there E a rnings Oper. Exwere indications of an improvement in business conditions Year end. peases a nd 1Yet J u n e 30. Taxes. Revenue. Charges. Surplus. during the first months of the calendar year. The .“ Maine” * * * i * disaster was, however, immediately followed by a period of 1890 ................... 2,200,446 01 1,768,042 13 432.403 58 235,961 67 116.44191 uncertainty and serious mercantile depression, which has 1891 .....................2,819,70216 2,155 372 18 651,330 00 553 ‘ 90 «8 100,139 32 continued with more or less force since war was declared in 1892 ................... 3,265.417 89 2,481,136 39 814.28150 597,202 22 207,019 28 1893 ..................... 8,683,173 92 2,798,225 62 889,948 90 633,095 79 250,852 51 April last. There are now, however, indications of a ma 1894 .....................3,842,119 63 2,732.54016 1,109,579 47 690,012 89 419,508 68 terial improvement in business throughout the country, in 1895 .....................3,669.113 18 2,612,11241 1,026,70074 700,317 03 326,382 SI which your company will be prepared to participate when 1896 .....................3,779,335 51 2.898,558 06 1,080,777 45 705,208 02 375,509 IS peace shall have been declared and normal conditions hap 1597......................... 3,894,402 99 2,780,496 23 1,113,906 76 713.995 77 399,910 99 pily resumed. 1898......................... 3,914,636 27 2,801,642 70 1,112,992 57 710,532 96 102,400 21 MILK RECEIPTS. Since the opening of the Scranton Division, July 1, 1890, As stated in the last annual report, the rates on milk were the anthracite tonnage and revenue, including coal received re-adjusted in accordance with a decision of the Inter-State from the Delaware & Hudson Canal Company at Sidney, Commerce Commission, then recently rendered. While such has been in each of the following years : rates were established, on the basis of the old uniform rate R et Tons. Revenue. of thirty-two cents per can, as the maximum rate to be 1891 ................................................. 811.185 $782,218 29 charged for the longest distance, a considerable reduction 1892 ................................................. 1,120,416 1,126,456 77 1893 ................................................. 1,352,225 1.436,539 53 on the shorter hauls was made, which it was intended should 1894 .................................................. 1.612.063 1,753,874 34 benefit the shippers located in near-by districts. These re 1895 ................................................. 1,715,991 1,581.227 29 ductions in the freight rate have not enhanced the price of 1896 ................................................. 1,673,861 1,588.424 3« the commodity, so far as the farming community is con 1897 ................................................. 1,653,51-6 1,722,936 43 For example, while the rate on milk shipped by rail 1898 ........................... 1,605,508 1,666,242 17 cerned. from Orange County stations was reduced from thirty-two Within the last year the final payments on account of car to twenty-six per can, the price per quart received by trust indebtedness have been made, with the exception of the farmer hascents shown no material increase. The prices re three notes held by the Guaranty Trust Company and ma ceived for the months April, May and June in the years turing August 15, 1898, (since paid), November 15, and Feb 1896, 1897 and 1898 haveofbeen ruary 15, 1899, amounting in the aggregate to $17,500, when shipper, and were as follows: furnished by an Orange County the last car trust obligation of the Company will have been 1896. 1897. '1898. discharged. April......... l-k-l'a ct8. per qt. l ’a-lSi cts. per qt. 2 cts. per qt. On or after June 1st, 1899, the Company lias the right to May..........m o ts. “ “ l^scta. “ “ l ’a-1% “ “ “ pay off or refund by issue of its four per cent bonds $5,“ “ “ 1% “ “ “ 006,000 of Consolidated First Mortgage five per cent bonds. June..........lb -lk i cts. “ “ This matter is now having the careful consideration of the It is too often assumed that a panacea for the ills of the Board, and will be carried through when such a price for shipper may be found in the reduction of the rate he pays the fours can be had as, in the judgment of the Directors, the railway for transporting his product. Experience shows they should and are likely in the near future to command. that the reduction is in most cases absorbed by the middle No bonds have been issued or disposed of during the last man or consumer and that the producer fails to derive any great benefit from such concessions, while the loss tails fiscal year. The contract with the Adams Express Company having entirely upon the carrier. Upon the prosperity of the agri expired, a new agreement, taking effect July 1st, was en culturalist depends, in great measure, the financial success tered into for a period of five years, and thereafter to con of the railway, and all proper concessions which the railway tinue until one year's notice shall be given, by either party company can extend to the farming community along its lines are as a rale cheerfully made, because their interests to the agreement, of its termination. The Sleeping and Drawing-room Car contract with the are identical, and it is an elementary business proposition Pullman Company terminated March 31st, 1898. A new that facilities and rates which promote the prosperity of the ftepcrrts and Hcrcumeuts. 1 J4 486 THE CHRONICLE. skipper also benefit the carrier to an appreciable extent. These conditions apply to other branches of traffics as well ns to milk. Uniform and just rates, giving no advantages what ever to favored shippers, are of paramount importance, but the continual reduction of freight rates is of no material ad vantage to the shipper, simplv because the agents, factors, middlemen or consumers at the other end of the line are in dividually or collectively astute enough to absorb the amount of such reduction, or as much of it as possible. This has been the case heretofore and is likely to continue to be so in the future. The constantly increasing demand for milk shipped in bottles instead of cans, and the higher freight paid on bottled milk, are conditions which promi-e to reimburse the carrying companies to some extent for the reduction made in the can rate. The superior quality of the milk produced in the country tributary to the main liue and branches of your company, and the untiring attention given to the "development of this traffic by the freight department a d operating officials, promise a continuation of the satisfac tory growth of this branch of traffic. C O A L T R A F F IC . Again this year it is necessary to report extreme depres sion in the anthracite coal trade, and consequently coal traffic earnings do not show that improvement which your officers had hoped to be able to place before you. For the first time in more than a decade the consumption of anthracite coal is not likely to show a material increase. It is believed by many well-informed persons, who are familiar with the trade,"that these conditions are temporary and that there will he a revival of the demand and an im provement in prices with a return of prosperity in other fields; that economy in t he domestic uses of anthracite is to be looked for when in other branches of business unusual depression has led to similar conditions. On the other hand, there are also experienced and intelligent people who hold the view that the increasing use of bituminous coals, gas oil and electricity for domestic and business purposes has introduced a new factor of a most serious cbaracter, which the anthracite trade must promptly take steps to combat or the future is dark indeed for this great industry. The usual panacea has already been suggested, viz., a re duction of the freight rate. It is claimed that it is mani festly unfair to charge higher rates for transporting anthra cite coal to the markets than are charged for hauling bituminous coal. The earnings and details of the anthracite coal traffic have been very clearly presented by the General Manager, in this, as well as in former reports. The gross earnings from this branch of the Company's traffic may be said to have aver aged under seven mills per ton per mile, from the time the Scranton Division was opened until the present time. It must be borne in mind that all coal traffic is one-way busi ness, that is, the coal trains earn nothing whatever when returning from the markets to the mines, 'it may be stated as a further proposition that were the rates paid for hauling bituminous coal applied to anthracite, this Company would he one of those which would be obliged to retire from this branch of business, as it could not profitably haul coal to tide-water or other points at a rate of three mills per ton per mile or even less. The railways which regulate the prices of bituminous coal at tide-water and other markets haul large trains over low-grade lines to comparatively inexpen sive terminal points, spell as Norfolk, Ya,, for instance. The rates are abnormally low and the roads doing the busi ness are not conspicuously prosperous. Bituminous coals are mined in various localities through out the United States, easily accessible from the seaports and great manufacturing centres. Competition.is keen and the condition of the trade for a number of years has been unprofitable, and at times almost lamentable. Neither the owner of the fee, the operator or the miner have been at any time within the last ten or twelve years upon a basis even approaching prosperity. The old remedy of low rates has been applied with caustic severity; but without avail. To apply these conditions to the anthracite trade could in no way benefit the mine owner or operator. It is manifestly unreasonable to assume that the rail rate can be lowered and the high royalty and comparatively high price received for coal at the breaker at the same time be retained. The very low price received for bituminous coal at the mine, sometimes as low as sixty or seventy cents per ton, would not be possible in the case of the individual or Company operating an anthracite breaker, and yet it is clear that in order to compete with bituminous coal on equal terms, in the New England and other manufacturing markets, not only the rail rate but the cost at the mines must be reduced to the prices ruling on the bituminous product. The objec tive point, the end to be arrived at, should be an increase in the freight rates on bituminous coal to a reasonably profitable point and not the reduction of the anthracite rate to the ruinous bituminous basis. Aside from these considerations, there is no reason why the rate for hauling anthracite coal should be as low as the rate on bituminous coal, or lower than the present anthra cite rates. The train loads are necessarily much lighter than those of the bituminous carrying railways, as all anthracite producing mines in this section of the country are located in the deep valleys of the State of Pennsylvania, and various summits and heavy gradients are encountered in moving the product of the mines to the markets. The [V ol, LXVII. actual transportation cost is therefore heavier than it is on many of the low-grade bituminous roads, over some of which fifty-car trains may be hauled. In the anthracite trade there are known nearly a dozen varieties or sizes, while there is no sizing or grading of bituminous. Soft coal is carried long distances, usually at regular inter vals under contracts for large quantities, entered into at the beginning of each year. As ibis generally run of mine coal which is dealt in, unassorted and unclassified, trains no not need to be broken up or divided in order to get a particular size, nor need there be any storing or side-tracking. There is consequently much less switching and shunting, and cars are unloaded and returned much more promptly. Each of these sizes of anthracite must be taken from chutes when the breaker is running and loaded into, and carried in separate cars, and side-tracked or stored until wanted. At different seasons of the year certain sizes are in demand while other sizes may have" no market whatever. Those sizes not required are dumped into storage places and thus remain until it is possible to dispose of them ; or such sizes are carried in cars which are side-tracked sometimes for months at a time. As a car, in which twenty-two tons on the average can be carried, costs in the neighborhood of five hundred dollars, and as these cars are held on tracks, the average cost of which cannot be far from fifteen thous and dollars a mile, it will be seen that the accumulation of interest and cost increases at a somewhat alarming ratio. When carried at storage places, the re-handling, interest on cost of an expensive plant, and maintenance, constitute a very serious item of expense, all of which is borne by the railway company. All of these facilities are provided, and services are in cluded in the freight rate paid. It is also manifestly unfair to compare tin; freight rates paid for hauling and handling anthracite and bituminous coals without giving prominence to the fact that in the anthracite trade the custom is to deal with long or gross tons of 2,240 pounds, whilst generally in the bituminous trade only short tons are known. This difference will aver age four thousand eight hundred pounds weight on every twenty tons carried in a coal car. It will thus be seen that the somewhat peculiar and com plicated relations existing between the transportation com pany and the shipper in this particular branch of traffic result in putting the railway company in the position of having to render services not only as common carrier, but also as warehouseman, factor, and sometimes as financial agent. The amount of capital required by an anthracite coalcarrying railroad company to enable it to compete success fully with other railway companies in the same territory, is therefore much in excess of the funds necessary merely to construct and equip a line of railway. It is also a difficult task to introduce and find markets for the anthracite coals of a newly opened line. If an anthracite trade is to be conducted successfully and profitably, it is necessary to be able to reach the Northern and Western markets, as well as the tide water and Eastern consumer and costly and exten sive terminals are required on the Great Lakes, as well as at tide-water points, and barges and vessels must be built or controlled, in the proper conduct of the business. The market value of the article transported bears, some proper relation to the rate charged for carrying and caring for it. One must consider whether the rate charged is rea sonable for the services performed and cannot justly com plain because it may cost more to ship a bale of silk a cer tain distance than it does a box of boots. That the rate on anthracite coal is a reasonable rate there can be no doubt. In fact, that question has once already been passed upon by the Inter-State Commerce Commission and the Courts. The shipper undoubtedly would be entirely content to pay even a higher than the prevailing rate, as he has done in the past, provided he could realize more for his product at the mine. The price at the breaker and the freight rate are insep arable factors, dependent one upon the other, and properly so. It is well known that in no other portion of the globe are freight and passenger rates so low as they are in this country, and there are no people anywhere who get the best of fuel at a costo slow. It may be authoritatively stated that last year the rates obtained by the London & North western Railway of England for all coal handled over its lines averaged one and a quarter cents per ton per mile. The average distance was, no doubt, quite equal to the rail haul of anthracite coal to tide water points and lake ports, It is undeniably true that competition reduces but never enhances the market price of a commodity or the rate for carrying it. It must likewise be admitted that there are to-day engaged in the anthracite carrying trade too many lines competing sharply with each other for the traffic offered. In other words, there has not only been over-production in the out put of the mines but in transportation facilities as well. The only possible remedy would seem to lie in the direction of the proper control of the product and its curtailment to the requirements of the trade. Such co-operation, if earn est and honest, would probably lead to and secure to the producer reasonable prices and profits, and to the transpor tation companies fair and stable rates. The officers of this Company have at all times and in all seasons, expressed their willingness, even anxiety, to co-operate for these praise worthy and desirable ends. As an indication that the an- THE CHRONICLE. S eptember 3, I818.J tliracite coal traffic is unduly profitable, the operations of the New York Ontario & Western Railway in this particular field are frequently referred to. It may be proper to state in view of these assertions that the construction of the Scranton Division involved the building of only fifty-four miles of line. It connected with the upper coal field of Pennsylvania, three hundred and twenty-five miles of main line, which had for many years been in active operation and which are admirably located for reaching the anthra cite markets, via the lakes and tide-water, as well as at other interior rail and water points. As an entirely new operation from the coal fields to the markets it could have offered no inducement to either the capitalist or experienced railway promoter, and in fact could not as such have been built. It is not denied, on the contrary it has repeatedly been asserted in these reports and elsewhere, that the construction of the Scranton branch has been a profitable operation for your company and seems likely to continue so, but only in connection with its then existing line and the natural advantages it possesses for reaching markets for other commodities than anthracite in all directions. It is again a pleasant duty to state that all employes of the company have continued throughout the year to dis charge their various duties in a faithful, efficient and satis factory manner. Bv order of the Board. THOMAS P. FOWLER, President, U N ITED STA TES MORTGAGE COM PANY. & TRUST APPLICATION TO LIST REAL ESTATE FIRST MORT GAGE COLLATERAL TRUST BONDS ON THE NEW YORK STOCK EXCHANGE. New York, June 18, 1898. The United States Mortgage & Trust Company, a corpora tion duly organized under the laws of the State of New York, respectfully begs to make application to list its $5,000,000 First Mortgage Trust Gold Bonds, and submits herewith a certified copy of its charter and by-laws, which shows in Section 2, Subdivisions 1 and 2, the authority of this company to loan money on bond and mortgage and to issue its bonds against such security, as follows : Se c t io n 2. -1 . “ To loan money on bond and mortgage on real estate situated within the United States, or upon the hypothecation of such real estate, or upon the hypothecation of bonds and mortgages on such real estate, for any period of credit, and repayable by w ay of an nuity or otherwise.” 2. “To Issue bonds of said company, and to sell and dispose thereof; but the amount of such bonds outstanding at any time shall not ex ceed the amount of moneys then ow ing to the said company upon the loans aforesaid; and such bonds may be payable to bearer, or may be registered bonds.” In pursuance of such authority the company has loaned $5,109,264 on first mortgage and has issued against these mortgages $5,000,000 of its bonds. These bonds are the direct obligation of the company, and are additionally secured by the deposit with the Guaranty Trust Company of New York, trustee, of at least an equal amount of first mortgages on improved income-producing real estate in selected cities of the United States. Herewith is presented the certificate of the Guaranty Trust Company of New York, trustee, stating that these underlying mortgages have been duly deposited and assigned to it, together with all necessary certificates as to title, recording of mortgage, insurance policies as signed, etc., etc. The amount of insurance so deposited with the Guaranty Trust Company of New York in connec tion with these mortgages aggregates $4,161,125, or 81 per cent of the total amount loaned. At and after the duly authorized date options of redemp tion of bonds at par and interest may be exercised by giv ing thirty days' prior notice to all registered holders of bonds, and by making a public advertisement once a week for four weeks previous to the date of call. The issuance of mortgage trust bonds by this company is limited by Article XV of the by-laws to ten times the amount of the capital and surplus, which now amounts to $3,250,1 00. In case foreclosure of any loan becomes necessary, it is withdrawn from the Guaranty Trust Company of New York, trustee, and other mortgages to an equal amount substituted therefor. These bonds are issued in following series: Series B --$1,600,000, 5 per cent, 5-20 years, dated May 1, 1891, re deemable 189 1 , due 1914: interest dates, M ay 1 and November 1: denominations $1,000. $500 and $100: numbered from A l t o A d S l for $1,01,0 each, B l , 2 and 4, to B72 for $500 each, C3 to C37 for $100 each. Series U—$1,000,000 5 p er cent, 5-20 years, dated A p ril 1,1895, redeemarde lfloo. due 1915; interest dates, April L and October 1; de nominations, $ l,0 i0 , $500 and $100; numbered from A l t o A 9 9 3 for $1,000 each, B l to B9 for $100 e a o b .f i to C 2 2 andC 24to C26 for $100 each. Series D —$1,000,000 4 per cent. 5-20 years, dated January 1, 1896, redeemable 1901, due 1916 ; interest dates January 1 and July 1; de nominations $l,00o, $500 and $ 00, numbered from A t to A997 for $1,000 each, B 1 to B 1 for $500 each, C'l to CIO for $100 each. Series E $1,009,000 4 per cent, 10-2o years, dated June 1.1897, redeemable 1997, due 1917; interest dates June 1 aud December 1; denomination $1,000, numbered from 1 to 1 ,0 0 0 for $1,000 each. Series F $1,000,000 l per cent, 10-20 years, dated March 1, 1898, redeem able 1908, due 1918; interest dates March 1 and September 1; denomination $1,000, numbered from 1 to $1,000 for $1,000 eacb. 487 These bonds are severally secured by deeds of trust made to the Guaranty Trust Company of New York, as trustee, certified copies of which are herewith submitted. All bonds are coupon bonds with privilege of registration as to princi pal only, or upon surrender of coupons thereto attached the bonds may be registered as to both principal and interest. The place of payment of alt bonds is the office of the com pany, No. 59 Cedar Street, New York, which is also the place of registration and transfer. These $5,000,000 bonds are originally secured by first mortgages aggregating $5,109,264, and located in the fol lowing cities : No. o f Loans. A m ount. Oily. Atlanta, G a ........ . Augusta, G a ...... . Bayonne, N. J — .. Cleveland. Ohio.. . Chicago, 111............. .. Cincinnati, Ohio. . Columbus, O h io.. . Council Bluffs, la Dayton, Ohio — . Dulut , M inn---- . Detroit, Mich — . Denver. C ol........ . Des Moines. la ... . Ft Wayne, Ind . . Houston, T e x ......... . Indianapolis, Ind . Jersey City. N. J. . Kansas City, Mo. . 37 6 1 1 4 10 25 2 I 2 3 11 30 8 1 2 3 55 $ 506,581 24,750 35,000 4,000 200,000 86,900 277,400 3,500 7,000 12,000 28,000 81M 00 142, *00 22,900 20,000 10,933 55, *>00 170,6 0 No. o f Loans. A m ount. City. Louisville, K y ___ . Lenox, M ass........ . Keene, N . Y ......... . Minneapolis. Minn. N e w York, N . Y ... O m a h a , N e b ......... . Rock Island, 111... Portland. O re ...... . Peoria, 111 ............... . St. Paul, M in n ___ . Salt L ik e City, U . . Seattle, W a s h ......... Spokane. W a s h ... . Tacoma, W a s h ___ . Toledo, O hio........ . W ashington, D. C. . 1 1 1 7 1 58 1 14 6 20 19 18 4 1 41 6 53)00 30,000 12,000 69,800 120,000 143,900 30,000 665,500 30,900 173,800 137,250 460,000 194,500 12,000 569.200 26,900 401 5,109,264 The average amount of these several mortgage loans is $12,741. The properties covered by these mortgages have been ap praised by our local agents as follows : Series B . Series C. Series!). SeriesE . Series F. ^ ^ L an d ..................1,147,655 881,550 1,356,514 1,222,575 1,325,193 Buildings...........1,089,600 1,462,250 1,029,450 1,123,260 987,446 Total............ 2,237,255 2,343,800 2,385,994 2,315,835 2,312,639 All appraisals of land and buildings have been first made by the local agents and the local advisory committee, and have then beeen approved by the executive committee of the company. Under Section 17 of the Charter, loans must not exceed two-thirds of the estimated value of the property. The income showing of these properties from the latest, statements is as follows : Series B. Series 0. Series D. SeriesE . $ 155,783 Series F. $ 166,644 $ Gross rents........ 178,276 Taxes, insurance, 64,249 etc................... $ 157,490 45,015 43,559 50,972 49,949 Net income.. Interest on trust bonds.............. 114,027 112,475 112,224 105,472 116,695 50,000 50,000 45,000 40,000 40,000 Net surplus.. 64,027 62,475 67,224 65,472 76,695 The total of these figures is as follows : $ 156,444 Bonds iSBued............................................................... First mortgage securing sam e...... . .................................. . $5,000,000 5 , 1 09,264 Properties covered by these mortgages are appraised as follows: L an d ........................................................................................ $5,933,517 Buildings................................................................................... 5,692,006 Total .................................................................................$11,625,523 Gross rental of all properties............................................... $814,637 Taxes, Insurance, etc., all properties.................................. 253,744 Net income, all p ro p e rtie s ...................................... . Interest on bonds................................................................... $560,893 225,000 Net surplus on all properties.......................................... $335,893 The last statement of the United States Mortgage & Trust Company December 31, 1897, was as follows: L iabilities. A ft8Pt.fi U. S. bonds............ ’ $1,890,000 00 N. Y. City bonds . 613,795 00 Otb. st’oks & bonds 840,179 22 Mortgages.............. 6,080,014 74 Loans, demand and tim e .................... 4,468,713 64 Bills purchased___ 52,515 66 Heal estate............ 214,000 00 Foreign departm’t. 497,400 Of) Acc’dint.receiv’ble 237,888 66 Cash on hand and in bank............... 1,312,974 99 C ap ital................... $2,000,000 00 Surplus.................. 1,250 000 00 Undivided profits.. 143,158 71 Deposits................. 7,284,072 82 Mort. trust bon-ls series A , B, C, D, a n d E ............... .. 5,000.000 00 397,400 00 Foreign departin’t. 104,893 51 Acer’a int. p ay’ble. 27,956 87 Certified checks... $16,207,481 91 $16,207,481 91 The officers of the company are as follows: George W. Young, President; Luther Kountze, Vice-President: James Timpson, Second Vice-President; Arthur Turnbull, Treas urer; Wm, P. Elliott, Secretary; Clark Williams, Assistant Treasurer; Richard M. Hurd, Assistant Secretary. The directors of the company are as follows : Samuel D. Babcock, Frederick O. Barton, C. Ledyard Blair, Dumont Clarke, Charles D. Dickey, William P. Dixon, David Dows, Jr., Robert A. Granniss, George G. Haven, Jr., Charles R. Henderson, James J. Hill, Gustav E. Kissel, Luther Kountze, Charlton T. Lewis, Richard A. McCurdy, Theodore Morford, Robert Olyphant, Charles M. Pratt, Eben B. Thomas, James Timpson, George W. Young. Respectfully yours, _ By G. W. YOUNG, President. J R. M. HURD, Assistant Secretary. The committee recommended that the above-described $5,000,000 Real Estate First Mortgage Collateral Trust Gold 488 THE CHRONICLE Coupon Bonds. Series “B," “C," “D," “E " und “F” be ad mitted to the list. Adopted by the Governing Committee, June 23, 1898. SERIES “G" ALSO LISTED. N ew Y ork , August 23,1898. At a meeting held this day, the Committee on Stock List, under authority from the 'Governing Committee, directed that on August*36, the $1,000,000 Real Estate First Mortgage Collateral trust Gold Coupon Bonds, series “ G," Nos. A1 to A953 for $1,000. Bt to B81 for $300. 01 to C75 for $100 each, to be added to bonds now listed, making total amount listed at that date of series “ G,” $1,000,000, numbers as above. These $1,000,000 bonds are originally secured by first mortgages aggregating $1,024,660. The average amount of the several mortgage loans is $12.-195. The properties covered are appraised by the company's own representative as follows : Laud...... . Buildings $1,342,635 . 1,097,560 $2,440,195 3?he (&owmercM COMM E RCI AL E P I T O M E . F riday Night, Sept. 2, 1898. The extreme hot weather experienced the past few days has had a tendency to interrupt business operations to some extent: still, trade conditions as a rule have been fairly satis factory, a moderate amount of merchandise changing hands. The retail trade has been a fair buyer of supplies to cover its wants for the fall season and in the main fair values have been obtained. Reports received from the South stating that some effort is being made to have planters hold back their cotton at present low prices, has reoeived some attention in the trade. A severe wind and rain storm was reported at Savannah and immediate vicinity on Wednesday. It did considerable damage to property. The Czar’s proposi tion for an international conference for the purpose ot ob taining real and lasting peace among the Powers has been a topic o£ considerable interest during the week. Slocks o f M erchandise. Fire insurance amounts to $954,200 and the rental of the Park___________ Lxrd.................... properties is as follows : Tobacco, domestic Grogs income..................................................................................$182,750 Taxes. Insurance, repairs, oto....................................................... 51,-122 N etiucouie..................... $131,328 Interest on Series G bonds amounts to $40,000. Series G bonds are described as follows: $1,000,000, four per cent, five-twenty years; dated August 1, 1898; redeem able 1908, due 1918; interest dates August 1 and February 1; denominations of $1,000, $500 and $100. Option for the redemption of the bonds, after five years, may be exercised by giving thirty days’ prior notice to all holders of regis tered bonds, anil by making public advertisement once a week for four weeks previous to the date of the call. W all & C ortlandt Street Ferries Ry.—Fulton Wall Street A Cortlandt Street Ferries RR.—New Company Incorporated.—The Wall & Cortlandt Street Ferries Rail way Co. has been incorporated, with a capital stock of $1,000,009, to succeed to the franchises of the Fulton Wall & Cortlandt Street Ferries RR. Co., sold under foreclosure last week. Tne directors are F. D. Moffat, Charles Base, K, S. Hogg, E. L. Conant, H. W. Bean. M. E. Gill and J. P. Shef field, of this city. A deficiency judgment for $573,318 has been entered by the Central Trust Co. against the company foreclosed, to represent the amount remaining due on the mortgage. The franchise provides, it is understood, for a street railroad running as follows : [Voi», LXVII, Tobacco, foreign.. ...........bales. Coffee, Rio............ 0 1 tree, Java, other........ Ooffee, & a... Sugar................... Sugar................... ..hhds. idolasses, foreign ........ .............. No. aides................. Gorton................. Rosin.............. ...... ........... .bbla. Solrita turpentine ............bbls. Tar....................... Ktoa, E. I .............. Rice, domestic__ Linseed...._____ Saltpetre............ Jute butts............. Mualiahemp........... hemp........ Sisal Flour.................... bbls. & sacks I, 1898. 18,461 11,305 15,300 3,400 532.204 82,500 105,753 1,165 369.002 None. 71,40 52,015> 44,523 1,420 1,159 6,(i 00 1,400 None. None. 12,535 79,152 75,«00 Sept. 1, 1898. 20,831 16,453 15,144 3,211 507,248 92.013 109.491 9,249 605,936 None. 36,400 93,242 34,367 1,428 1.448 22,000 630 None. 6,400 None. 9,325 59,060 58,600 A ug. Sept. 1, 1897. 12,667 15.245 15,909 2,225 417,085 141,181 81,482 3,040 1,055,224 None. 52,600 39.714 35,850 2,119 1,040 5,100 510 None. 21,300 1,000 27,494 5,096 68,300 Lard on the spot has had a fair shipping demand at the West, and locally there has been a moderate export demand from' the West ‘indies. The tone of the market has been steady, and changes in prices have bsen unimportant, closing at5'35e. for prime Western and 5'lOc. for prime City. Refinedlard has been quiet, closing at 5'60c. for refined for the Continent. The speculation in lard for future delivery has been quiet, and the tone has been unsettled, closing easy in sympathy with a decline in corn. DAILY CLOSING PRICES OF LARD FUTURES. Sat. M on. Tuns. Wed. Thiers. F ri. From Fulton Ferry through South Street, Maiden Lane and Cort September delivery.. .0. o-37 5-50 5"50 5 37 5 35 5'32 landt Street to West Street, thence along the latter to Liberty Street, and returning through Liberty Street to its junction with Maiden Pork has been in fair demand for export to the West In Lane. Also from Wall StreetBroadway Ferry to Cortlandt Street Ferry, via dies bat at easier prices, closing at $9(39 50 for mess. CatWall, William andthe Fine Streets, and Cortlandt Street. Rumors unconfirmed, but not lacking in probability, have meats also have had a fair sale to the West Indies and suggested that the Metropolitan Street Ry. Co. will pres ently be found in control.—V. 67, p. 428. West Jersey & Seashore RR.—$367,008 Stock Offered at Par to Shareh'- Iders.—‘‘ To provide a portion of tlie money required to pay for double-tracking the line to Atlantic City,” the holders of "the common capital stock are offered the priv ilege of subscribing at par for new stock to the amount of 8 per cent of their holdings as registered on the books of the company at 3 P. M. Aug. 20, 1898. The subscriptions muBtbe made between Sept. 1 and Sept. 15, inclusive, and payment must he made in full on or before Sept. 15, 1898. Receipts will be given exchangeable for new stock on or after Oct. 15, 1S98. Shareholders entitled to a fraction of a share may subscribe for a full share. The new issue will amount to $367,008, and wilt increase the outstanding issue from 84,587,600 to $4,955,608.—V. 66, p. 055. W heeling <fc Lake E rie Ry.—Coupon Payments.—On next Thursday interest payments will be beguu of two past-due coupons—a full year’s'interest—on all three issues of Wheel ing & Lake Erie bonds underlying the consols. These pay ments will be as follows: Zoan . Coupons. 1‘aid, at Lake Erie Division 5a, Oct,, 189!. and April, 1898, Mercantile IT. Oo. WeeeUug Division and Aug., Jan., 1897, 1898, Central Central Tr. Tr. Co. Co. Extension and imp. 5s, 5s, July, Fell., 1897, 1897, and —V. 67, p. 276. W ilkcsbarre & N orthern RR.—Sold.—This property, it is stated, has been sold by the Anthracite Savings Bank, as mortgage trustee, to J. W. Hollenback, E. Troxell, John Graham, John A. Schmidtt, George R. Bedford, Pierce But ler and Thomas A. Barber. The motive power is being changed from steam to electricity, per plan in V, 66, p. 1190, York Southern RR.—Hew Officers —President W. F. W al worth of Cleveland, O., resigned Aug. 27, and D. F. Lafean of York was elected as hi3 successor. The other directors elected are H. H. Weber, C. H. Dempwolf, H. C. Niles of York and George K. McGaw, C. I. Nes and M. H. House man. Messrs. Niles, Nes and Houseman hold over from the former board. Pennsylvania RR. interests were recently negotiating for control, but the present election leaves it doubtful to what system, if any, the control has passed,—V. 67, p. 224.1 at steady prices. Tallow has been quiet but steady at 3jg'c. Cotton seed oil has been easier at 22>4@32^o. for prime yellow. Batter and cheese have been quiet but steady. Fresh eggs closed barely steady. Brazil grades of coffee have had only a limited distributing sale, but values have held steady. The market for invoices has been moderately active, business having been transacted on a cost and freight basis. Rio No. 7 on the spot closed steady at 6 7-16c. TheWe3t India growths have been firm bnt quiet, closing at 9>£c. for good Cucuta. East India growths have been quiet at 24J§@23c, for standard JavaSpeculation in the market for contracts has been quiet and prices have weakened slightly in response to easier foreign advices. Following are final asking prices: Sept...................5*55o. I Deo................ 5’85o. f May................. 6*20o. Oct.................... 5 ()0o.1Mar................... Jan........ ......... 610o. 5*90o. I July................... 6 35o. Nov................... 5*G5o. Raw sugars have been active and higher, closing firm at 4%o. for centrifugals, 96 deg. test, and 8 13 18e. for musco vado 89-deg. test- Refined sugar has been in demand and 1 16c, higher, closing at 5 7-16c. for granulated. Other groceries have been steady to firm. Kentucky tobacco has been sparingly offered locally and prices have been firm. Seed leaf tobacco has had only a limited sale. Business for the week amounted to about 1,050 cases, The market for Straits tin has been easier in response to weaker foreign advices. The close .was steadier at 1Q'10@ 16’15c. Ingot copper has continued in active demand and firm, closing at 12t£6. for Lake. Lead has been quiet but steady, closing at 4'l( @4’)5c. for domestic. Spelter lias been firm but quiet at 4 75@4-80c. for domestic. Pig iron has had a good, sale at steady prices, closing at $9 75@11 50 for domestic. Refined petroleum has been unchanged, closing at 6’50e. in hbls., 4c. in bulk and 7-15c. in cases ; naphtha unchanged at 6credit c. Crude certificates have been steady, closing at 99j@e, > balances have been unchanged at $1. Spirits turpen tine has been firmer bnt quiet at 28t£@30c, Rosins have been dull and lower at $1 27J£@ 1 30 for common and good a'rained. Wool has been dull but steady. Hops have been firm but quiet. THE CHRONICLE. bEPTEMBER 3, 1898.] C O T T O N 489 in addition to aoove exports, our telegrams to-night also . give us the folio wing amounts of cotton on shipboard, not F riday N ig h t , September 2, 1898. - cleared, at the ports named. We add similar figures for T he M ovement op th e Crop , as indicated by our telegrams New York, waioh are prepared tor our special use by Messrs. from the South to-night, is given below. For the week ending this evening the total receipts have reached 32,231 bales, Lamberts Barrows, Produce Exchange Building. ON SHIPBOARD, NOT M Ragainst 40,273 bales last week and 8.873 bales the previous week, making the total receipts since the 1st of Sept., 1898 Great France. Other Coast Sept. 2 of 11,396 bales, against 20,310 bales for the same period of B rita in . Foreign wise Total. 1397,showinga decrease since Sept. 1,1898,of 9,114 bales. New Orleans... 3,153 None. 1,732 None. Receipts at— Sat. Mon. Tucs. Wed. Thurs. Fri. Galveston........ 4.492 loidl. Savannah........ None. Charleston...... 19,196 Mobile............. None. None. None. 5.-237 Norfolk............ 100 New YQrk...... 355 Other ports__ 1,000 3,843 Total 1898... 8.748 Total 1897... 5,135 ...... 952 Total 1896... 35,659 460 None. None. None. None. 15 None. 475 3,130 7,249 1.835 None. None. None. 1,000 3,753 700 9,017 2,50 2 16,5*n L eaving stock. 4,8837 52,746 1,M)0 ,8.28 19,234 None. None. 10,958 50 50 3,SOO None. None. 5,620 1,500 2,500 1,577 None. 3,865 48,530 None. 1,700 12,371 3 050 2L.290 154,836 1,898 12,635 74,332 w.8^9 6«,30-< 191,033 Galveston........ 2,364 792 1,992 6,884 2,919 4,245 ......... ...... Tex. City, Ac. ...... ...... ...... New Orleans... 1,031 927 934 1,609 102 634 Mobile.............. 86 53 30 62 23 96 Savannah......... 189 1,013 401 196 668 1,343 ..... Brans w’k, Ac. ...... ...... ...... ...... Charleston....... 41 332 161 143 123 102 Speculation in cotton for tuture delivery has been quiet. Pt. Royal,Ac. ...... ...... ...... ..... ..... ..... Wilmington— 20 15 16 59 38 42 . 190 Both buyers and sellers have shown little disposition to make new ventures, holding back awaiting developments. 45 1,132 The tone of the mar ket has held steady and during the latter 17 279 571, 31 Norfolk............ 189 part of the week prices hardened a few punts on buying by shorts to cover contracts. The les3 favorable crop ICO 100 local 45 367 150 222 219 1,178 accounts from the Atlantic States and some talk of efforts Boston.............. 175 being made among planters to hold cotton back had a tend Baltimore........ ...... ...... ...... ..... ..... ...... 33 3 Philadel’a, <feo.. 31 67 ency to create a desire among bear operators to reduce their outstanding engagements. Saturday there was a dull Tot. this week 4.136 3.321 4,044 9,353 4.738 6,658 32,250 ■ but steady market. Monday prices weakened a few points The following shows the week’s total receipts,the total since early in the day in response to easier foreign advices. Subse Sept. 1,1898, and the stock to-night, compared with last year. quently, however, heavy rains reported in the Atlantic States stimulated some buying and the early loss was recovered. Slock. 1897. 1898. Tnesday the market again opened lower. Foreign advices Receipts to This Since Sep. This Since ep. were disappointing and brought a few selling orders. Bear ept. 2. week. 1, 1898. week. 1, 1897. 1898. 1897. operators, however, were not aggressive, th -y generally hold ing back awaiting Daring the latter part of 21,865 11,437 27,521 19,333 th9 day the tone developments. Galveston... I9,l9q 7,164 was steadier. The weekly report by the 279 279 Government's Weather Bureau was considered unfavorable 736 20,167 3,861 57,634 6,034 and oontinued heavy rains were reported in the New Orleans 5,237 Atlantic 90 469 313 5,620 1.751 States; this stimulated some baying by shorts to cover Mobile........ 355 con tracts. The close showed prices 2 to 3 points higher for Savannah... 3.8431 2,011 4,809 2,769 10,958 10,232 the day. Wednesday there was a quiet market and 150 150 150 under the favorable crop accounts from Texas and 960 3,850 2,174 the Mississippi Valley prices eased off 1 to 3 points. Thurs Charleston.. 952 225 1,566 ........ ........ ........ P. Royal, Ac. ...... day the trading was more active. Both foreign and local 340 5,983 190 80 414 Wilmington. 548 shorts were moderate buyers to cover contracts, and there was considerable buying by a Wall Street commission house. 113 4,077 Norfolk...... 1,132 616 123 103 Prices showed an advance for the day of 8 to 9 points. To day the market was easier. There was some selling for foreign 79 79 52,395 43,914 account, and during the afternoon there was some selling by New York... 100 Boston........ 1,178 441 149 149 4,000 1,20»> local account, prompted by a free movement of the cr»p in 1,500 Baltimore.. 60 po 170 the interior. The close was quiet, with prices 6 to 7 points 33 136 ........ 2,588 1,359 lower for the day. The spot market has been quiet; prices Phlladel.Ao. 67 116c. on Thursday. The close was quiet and un Totals....... 32,250 11,396 50,271 20,510 176,126 86,997 advanced changed at 5 13-16c. for middling uplands. In order that comparison may be made with other years, On the basis of the rates on and off middling as established by the Revision Committee, the prices for a few of the we give below the totals at leading ports for six seasons. U tceiptt a t— 1898. 1897. 1896. 1895. 1894. 1893. grades would be as follows: 8 8 G a lv e s 'ii, dec. 19,196 22,144 42,357 3,575 13,994 7,657 New Orleans 5,237 20,167 27,537 6,515 7,933 6,479 Mobile......... 355 469 3,428 329 828 1,270 •avannah... 3,843 4,809 20,649 3,431 10,396 9,629 Ghaa’ton, Ac. 952 1,566 10,200 677 3,309 332 Wllm’ton, Ac 190 414 6,179 552 36 107 Norfolk....... 1,132 128 5,634 16 689 1,418 N. News, &o. 15 79 193 71 65 Ail others... 1,345 664 630 1,160 495 444 Tot. this wk. 32,250 50,271 116,890 15,093 38,396 28,117 S in c e Sept. 1 11,396 20,510 62,207 13,802 33,396 31,168 The exports for the week ending this evening reach a total of 31,815 bales, of which 35,693 were to Great Britain, 650 to France and 5,472 to the rest of the Continent. Below are the exports for the week and since Sept. 1, 1898. from— G a lveston ...... Tex. City, Ao.. N ew O rlean s.. M obile............ Pen sacola...... Savannah....... B runsw ick___ Charleston___ P o rt R oyal — W ilm in g to n ... N o rfo lk .......... N ’port N., Ac.. N ew Y o rk ...... B o s to n ......... B altim ore...... P h iladelph ia.. •an Fran.. Ac. Week Ending Sept. 2, 1808. From Sept. 1,1806, to Sept. 2, 1808. Exported to—________ _________ Exported to—__________ Great France Conti Total Great .France Conti Totai Brit'n. nent. Week. Britain. nent. ______ 17,705 2,823 8,017 0,913 0,918 5,310 S a t. GULF. 5«,s 5k S T A IN E D . 67K 4k S 6 is 5k 4k 55.6 5k 67,« 67,. 67.6 6 6 49te 5k 5 Isis 61,6 6k Fn. 594 8 5.3,6 s4e M o il T n e . W e d Th. F r l. 4k 5*18 5k 5k <Bi 8 4% 59is 4% 5»is 6 6 6k 6 »is 6 l i is 61* S a t. Low M iddling........................... M iddling............ . ..................... Strict M iddling........................ Good Middling Tin ged ............ 4k 56, „ 5% 6 6 S a t. Dow M iddling.......................... M iddling................................... Good M iddling......................... Middling F a ir................. ......... IWon T n e» W e d T il. 4k 55i517,3 5% 4k 55|a 517, 5k 6 l ie 6 6 ,6 6k « 11 (. 6 k 6 6k 6111 a qm W ed T h . 4k 56,6 4*1* 5H M on T 418 4k 5 »,. 6 4k 56,6 517j3 5 k ; 5k 5k 6 » ,6 6k F rl. 43.6 5k 519*? 519S3 51316 513.6 The quotations for middling upland at New York on Sept. 2 for each of the past 32 years have been as follows. - ...0.127S 1874 ...c.lbei 1882. .......12% ...0 . 513,6 1890 1898. 1873. 1881. .......1113,6 1872. 1389. ...0.11 1897. ■ — 713ie 1888. 1880. 1896. .... 86„ .......19% 1871. .......I97s .......12*6 1895. .... 83,6 1886. 1887. ....... 93,6 1879. 1870. 1878 .......11 1894. .... . . . . 67g .......12‘16 1869. ..... lOifi 1877. 1893. 778 1885. 1868. 1884. .......1078 1875. 1876. .......1178 1892. .... .... 7k ...... 14k 1867. .......27 1891. 8*3 1883. N .—On Oot. 1,1874, grades of ootton as quoted were changed Aooordingto the new classification M iddling was on that day quoted Ho. lower than Middling of the old classification. ote ..... SL? 1,700 2,581 T o t a i.......... 25,003 M » 7 .... e.sao Total. 139 17,004 UPLANDS. Good O rdinary........................ Dow M iddling........................... M iddling................................... Good M iddling......................... Middling Fair......... ................. 060 060 6.118 8,01.0 017 6.420 2,684 6.472 81,816 1,795 18.803 MARKET AND SALES. 3,010 ....... ....... 8,913 1.080 8,010 1.270 F utures Qniet ............... Q liet & steady. Boeady___ _ ... Q a ie t................ Steady at lie ad. E asy................. S te a d y ....... Qaiet <fest’dy 8,010 ..... 3.074 S po t M a r k e t CLOSED. 12,923 8 080 Saturday .. Monday.. T uesd ay... Wednesday Thursday.. F rid ay...... Tetal...... M arket Closed. Sa l k s op Sp o t A C o n t r a c t . Ex Con- Con port. sum p. tract. Total. 725 D a l i . .......... S te a d y ........ Q aiet........... 725 397 481 1,293 700 239 514 3,632 200 500 2,500 3,200 1 ,1 2 2 684 1,298 1 ,2 0 0 2,739 514 7,557 ’ THE CHRONICLE. 4 90 [VOL. LXV II. Fotorf.s.—The highest, lowest and closing prices of AT the Interior Towns the movement—that is the receipts Futures at New York are shown in the following table. for the week and since September 1, the shipments for tha week and the stocks to-night, and the same items for the jorreaponding period of 1897—Is set out in detail below. --II | CA, -j 1 I I caca *4*4 a© a 0 *0 4 -4 -4 to to 9 0 *0 4 d> © 0 0 -4 1 9 0104 Csflb M W 1 a 0104 © 05 1— f-* 9 OCA 0 *0 * 00 © 1 9 CACA 0 *0 * MM 1 9 04 O* 0*0 4 to CO 1 9 CACA 04 01 0 05 <o«o 0 *0 1 © © OfO* 0104 ©© to 10 » 0» o» o* <35 CO w I 04 ' o* «? 1 CA 1 if 1 1 1 9 ? I t 1 o cue* *4 *4 "4 coco 1 t 0 a; Ss 0 00*0 1 1 1 1 1 1 00 01 0*0 0*0 1 1 1 1 1 1 1 1 1 1 1 1 Ifjf© © to to ©j *CO; •-9m ; 0*3 s 4 J „ 1 ................................ 1 . . . i* h : : © h to ; j m m 04 M*4 to to CA i-* (-* M* tOif.© © MCA CO i ? 1 tO O O iH O O f tO*4tC© ©©COMtOtO*4 9-fi- 53| V i © 0 © 0 © 0 * 4 © * 4 » -‘ lf-© ’ *-*©- eO©©©©©M©*4*l©,-* I & 1 : i M ^ I * ! CA © ; to • ; s *3 ©* © CA ►*• ■ ! k-* cn CO fH M ©CO©CAt0W»^M CO 041 CO; -4©CA I-*© ©©O O O - ©O4*4©©M©©©©C0©« WO- CA04©©©Oi©©lf.©^© © 1 © Wj <J©; -4- to m ©; ; j co to; ©to“w O ’ CA ■ CO* CA ’to to’© : ©M © Wif. i->*-* to © if. ©! m m ; © ; ca *4 tc © ; *4 ©© m if *.— if-O© 0 *4© * *4© . ©• *-|fO t© © © . M M © fcO© *-*© ■ S e to ; jf fcOtO tOM M r-* H^GO’CA©©* i f ©t0*4©©©M©©©O4©t0W © *4©© © | *4CA~JOi©i-P-©K5©*4tO©-'-‘ tOrf* OtOM. i f C0-4|fM ai-*O4© t0© © M © © M; jf ; © f**; *4CA©* <1*©CAH M M CAMM 1-9• ©; *4CA© © O M lf ©if- © © M O W ! if to; M CAM M , 0 44 0 r-© © 0 »t0 0 © lf© © r-© © . W *3 • 04 ©tO if-to m to ; 04©a w M HH <k.©©©lf I f WOtO ©tO©CA-4: i-4to; O f O O O C lO O O if t C O iO O O ’ to©- is- h- O -V w t-df*. >-* ; • S3 -O — 3 , (Sa * ,S .W O ! l- ‘ C O tO O 'c D iS .M ,-< O fc $ C H S .. -0 1 to ^4; H1* M©; ©to- «cs 1 .....................1 1 ! ..................... .... | S r* M co; Cl W* COCCQOi a U Z O iM O O . 34 a 1 1 1 H 0 I i - cv to » 2 0 ft ~T K> M © © © u l* 150 500 7 01 1 | S 50 1 | 1,000 1 0 1 -W 8 0 1 • g 2 ,0 1 3 300 4 00 1 ' f f 2 54 633 1 ,5 3 7 1 p 34 1 ,6 7 5 105 1 l f f l f l I . S i i i ................... i : « 3 ; : S: : : : : : "*4 CO © g, •<a , a sai 5 36 1 0 ,3 7 2 00 0 0 00 SA f •i 15,9 6 1 5 39 4 ,1 1 0 34 1 3 ,2 8 0 1 f l s w 1 4 5 ,0 7 1 00 *0 1 ii l l ! t ? $ CACA 0404 CACA CACA 04CA CACA CACA *4*4 0404 CACA ©© 1 j 1 ! to o *3*0 ©CA ©IfCA04 COO CAO' tO CACHA O*tO *1*4 p-M ftlM ©ffi M© l-*© 1 9 1 9 $ 19 1 9 1 9 1 9 1 9 1 ® 1 9 1 9 1 9 ACA CCAACCAA CCAACCAA CCAAC04A 0104 C*4-4 ACA CACA CACA C©© 1 1 1 1 CO*W* ©CD O’CO If- to ©04 *4to " 05© ©© CAif*- to© CD© CACA CACA CACA C©04 0401 ©© 0»CA 0*04 OtOl ^Jf. ACA 1© ACA CCAACif-A MO 00*4 0 49 *4*4 ©04 *4*4 CAW i-O C©*4 tot- ©© ' 05© 1 9 9 1 9 1 9 1 9 1 9 1 9 19 1 9 1 9 1 9 1 9 CACA 04CA CACA * CA 0*04 CACA CACA CACA CA© 0*04 ACA ©CA ' If oo COCA *4*4 toco CA to if- ©O C©*4 MOtOo -4*4 1 *4*4 ©*4 ©© ©f* ©© caca CA04 0‘CA CACA CACA CACA CA© 04 04 0* ACA C04OCtoA cc© if. IfCACA C©CA *4*4 i-O *J w©©to ©© - -If*If* *3*4 1 9 1 9 1 9 1 9 3 «> 1 9 9 1 9 1 9 9 9 1 9 ACA CACA CACA CACA CACA OlOl C? CACA 04CA C©05 1 1 *4*4 CACA CifA>Cif-A ©to ©© *4*4 CAM ccoo -o© * *4*4 to to ©00 c© ACA CACA ©04 CACA ©04 CACA CACA 0404 OlOt ACA C*9© otoi C0*04 O00 GO-J © *4 C©*4© ©C5 CACA coco 33 to© ©to M© MCA ©to CO*4 ©CO *4© Or1 9 1 9 19 1 9 1 9 1 9 1 9 1 9 1 9 1 9 1 9 1 9 A04 CACA d>© CACA CACA CACA C©CA 0104 04Ol 04 1 ! 04. ACA 1 1 ©cbC—A• C*4*4 OCO ©to ©© COoo CAM *-• *3*3 C*4*4 CACA to©©to ©© toefi 1 cb ©CA OI CACA CACA CACA CCAACCAA ©CA 04Ot 0*04 XJ CA CACA *4*3 *4*3 ©© <55© toto COGO CCAACO'A ©C If*04 ©>-•M **•04 ©© C© 19 i 9 19 S i 9 1 e> a 1 9 ® 9 1 a 0*04 CAot CACA CACA CACA CACA CACA GOOD to*©* 041-9 ?© ©© ACA *4 ©-3M *4 W CO CA© ©CO CI-*© CA© ©© CA© 1 8? 1' GO * ?*4 ' ?*4 1' *4 ? 1^ © 11** i ? 1? 1? *4 ©to Ot© C04A to 1©if- 1 If-© 1 9 if-$ i $ if*- ©® 1 ^ Si § 9 1 9 1 ^ 99 I CO 1' ?45 ' ?© 1' ?© *3 j1 -4 1' ?<53 11^© 1* © 1?CA 1 ?CA M CO © M © if* <o © © © CA T h e V isible S upply op C otton to-night, as made up 0 *01 ? « H* ft! p* 7-1 W tO O O W -OCOH*I-'C»|&-CO &<*> M • toM CO tO; to « *4 tO M; a©CAtOOTCACACA X m ; ©©©aM*4CAC0©*f tO*4© © tO©© ©©to;; 05 CAM ©OT • Mlf-MCAM. OTCA> ccwf a a a o o . CO©©©*3tO*4CO©CA© CO w W ’ Bast year’s figures are lor Columbia, 8. C. 1-4 1 by cable and telegraph is as follows. Continental stocks, as w< 11 as those for Great Britain and the afloat are this week’s retarns and consequently all European figures are brought down to Thursday evening. But to make the total the complete figures for to-night (Sept. 3), we add the item of exports from the United States including in it the exports of Friday only. 1898. 487,000 1897 482,000 1890 1,136,000 1895. Stook at Liverpool......bales. 790,000 Stook at London..................... 5,000 3,000 3,000 8,000 Total Great Britain stook. 490,000 485,000 1,194,000 Stook at Hamburg............... 795,000 20,000 19.000 32.000 31.000 88.000 187.000 Stook at Bremen.................. 152,000 71.000 6,000 1,000 13.000 Stook at Amsterdam............ 1,000 200 Stook at Botterdam............... 300 200 200 13.000 2,000 16.000 Stook at Antwerp.................. 9,000 82.000 140,000 337.000 Stook at Havre.................... 140,000 5,000 6,000 4,000 Stook at Marseilles................. 4,000 53.000 60,000 Stook 57,000 32.000 20.000 57.000 27.000 Stook at at Barcelona................ Genoa........................ 27,000 Stook at Trieste...................... 19,000 14.000 36.000 Total Continental stooke.. 429,300 282,200 396,200 7»7,2uu Total European 863,200 Indiaootton afloat torstooks Enrope 1,224,300 37.000 772,200 20,000 26,000 1,901,200 35.000 36.000 Amer.oottonafloattor Europe 72.000 51,000 Bgypt, Brazil,&o.,»tlt.f or E'pe 13.000 14.000 9,000 23.000 13.000 Stook in United States ports . 176,126 86,997 259,344 281,457 49,890 Stock In U. S. Interior towns.. lul,730 125,827 3 5 ,8 9 2 United States exports to-day. 7.755 3,674 13,014 T otal visible saD plj........... 1,631.911 932,701 1,307,385 2,289,549 Oltbeabove,totals ot Amorloan and other descriptions are as tollows: A m e tK s a n — Liverpool stook. -------bales. 710,000 376.000 357.000 1,056,0C0 217.000 Continental stooRs.................. American afloat tor Europe— 367,000 72.000 30,000 280.000 51,000 615,000 23,000 86,997 259,341 United States stook................ 176,126 49,890 125,827 281,457 United States Interior Btooks. 101,730 ........ United States exports to-day. 7,755 3,074 13,014 35,892 Total Amerloan............. 1,434,611 769,561 1,086,185 2,011,349 Matt Indian, Brazil, da — Liverpool stock...................... 80,000 114,000 125,000 130,000 London stook.......................... 5,000 3,000 3,000 8,000 Continental stooks................. 62,300 05,200 118,200 92,200 India afloat tor Europe......... 37,000 20,000 26,000 35,000 Egypt, Brazil, Ao„ afloat...... 13,000 14,000 9,000 13,000 Total East India, &o........ 197,300 213,200 281,200 278,200 Total Amerloan................1,431,911 769,561 1,088,185 2,011,349 Total visible supply........1,031,911 982,701 1,387,385 2,289.5 49 Middling Upland, Liverpool- 3if:ijd 42*^32d, iSsod. 4J*d, .......... Middling Upland, York. 513,eo 51,76go. 8 I3 O. Silo. «d, EgyptGood Brown,New Liverpool 61*4. 68,a. 07sd. 8Md. Pernv,Rough Good, Liverpool 53sd. Broaoh Fine, Liverpool.......... 3632d. 4133 d, % d! 4*sd. H isfl. 4 *331^ Tinnevelly Good, LlverpooL. 31532<l. 3 2 .0 0 0 4 »sd . t y The imports into Continental ports the past week have been 16,000 bales. The above figures indicate an increase in the cotton in sight to-night of 849,150 bales as compared with the same date of 1897, a gain of 264,526 bales over the corresponding date Of 1896 and a decrease of 657,638 bales from 1895. The above totals show that the interior stocks have increased during the week 269 bales, and are to-night 51,840 oales more than at the same period last year. The receipts at all the towns have been 20,278 bales less than the same week last year and since Sept. 1 they are 15,718 bales less than for the same time in 1897. Overland Movement for the W eek and Since S ept . 1.— We give below a statement showing the overland movement for the week and since Sept. 1, as made up from telegraphic reports Friday night. The results for the week ending Sept. 3 and since Sept. 1 in the last two years are as follows. September 2. 1897. 1808. Since Since Week. Sept. 1. Week. Sept. 1. lAipped— Via St. Louis............ ............ Via Cairo......................... — Via Parker..... ...................— Via Rook Island.................. Via Louisville....................... Via Cincinnati...................... Via other routes, &o............ Total gross overland__ Jeduct shipments— Overland to N. Y., Boston, &0— Between Interior towns........ ........ Inland, <fco.,from South........ Total to be deducted__ Leavlngtotal net overland*— • Including movement by rail to Cauada. 1,968 130 75 172 2,351 474 " 2 4 2 716 1,635 ........ 190 23 226 325 108 584 209 287 496 88 The foregoing shows that the week’s net overland movemen t this year has been 1,635 bales, against 88 bales for the week In 1897, and that for the season to date the aggregate net overland exhibits an excess over a year ago of 1,547 bales. 1897. 1898. Since 8mee Week. Sept. 1. Week, Sept. 1. 20,510 11,396 Eeoolpts at ports to Sept. 2........ 88 1,635 get overland to Sept. 2................ 15,000 10,000 lontbern consumption to Sept. '235,598 23,031 Totalm arketed....... 4,927 500 Interior stooks In exoess. Came Into slghtdnrlng week. 40,525 23,531 Total In sight Seyt. 2-----..... 4,037 North’nspInners tak’gs to Sept. 2 In B ight a n d S p in n ers’ T a kin g s. THE CHRONICLE. S eptember 3, 1898.J 491 (QUOTATIONS FOB MIDDLING COTTON AT OTHER MARKETS,— inch. The thermometer has averaged 80, ranging from 70 Below are closing quotations of middling cotton at Southern to 94 and other principal cotton markets for each day of the week. Corpus Christi, Texas.—We have had rain on two days of the week, the rainfall reaching seventy-five hundredths of an 0LO8ING QUOTATIONS FOR MIDDLING OOTTON ON— inch. The thermometer has ranged from 74 to 92, averag ing 79. Sept. 2. F ri Tuss. Wednes. T huri. M on. Batur. Weatherford, Texas.—We have had rain on three days dur 57 l 6 57,8 G alveston. . 57l6 5718 5 !l« 5R8 ing the week, to the extent of forty-one hundredths of an 53 5% 53s 538 N e w Orleans 538 538 inch. The thermometer has averaged 79, the highest being 5k 5k 5k 5=18 M o b ile ........ 5»,e 55ie 93 and the lowest 65. 5k 5k 5k S avan n ah . . 54 5»ie 5*8 5 5 5 5 5 Charleston.. New Orleans, Louisiana.—Rain has fallen on five days of 5 k 5 k 5 k Wilmington. 5 4 5 4 5)4 the week, the precipitation being one inch and twenty-nine 55 5k 5k N o rfo lk ...... 5=8 54 55s hundredths. The thermometer has averaged 81. 513l8 5% 5% 5k 5k B oston........ 5\ 6 6 6 6 6 Shreveport, Louisiana.—Rain has fallen on two days of the 6 Baltim ore... 6 6 6 lt 6 6 6 Philadelphia r -6118 week, to the extent of seven hundredths of an inch. The 53* 5k 5% 5% 5716 ® k Augusta...... 5% thermometer has ranged from 70 to 92, averaging 81. 538 538 5>>16 Memphis___ 5% 5=18 5% Columbus, Mississippi.—There has been rain on three days 57,8 5h a 5b8 St. L ouis___ 5 ‘ 16 57 is 5718 H o u sto n ___ 5716 57,8 5718 5718 5llS of the week, the precipitation reaching nineteen hundredths 57l6 6 6 5k 5k 6 6 Cincinnati.. of an inch. Average thermometer 86; highest 98, lowest 70. 59,6 59,8 59,, Louisville... 59,6 5*18 5’ 18 rainfall two inches and forty-eight hundredths. The closing quotations to-day (Friday) at other importer,t August L eland, Mississippi.—There has been no rain the past week. Southern markets were as follows. The thermometer has averaged 79'4, the highest being 91 and N a s h v ille ........ I Columbus, Miss 5 54 the lowest 69. Ath en s.. . . . . . . . 54 N a to b e z . . . .... 53, | E n fa u la ... . . . . . 54 Vickiburg, Mississippi.—It has rained on three days during R a le ig h ........ . 5 R ook .... Charlotte__ _ 5% 11Little 54 the week, to the extent of ten hundredths of an inch. The 47jj M ontgom ery... 51,8-4 Shreveport____ Columbus. G a . 5 4 thermometer has averaged 80, ranging from 70 to 90, the P lantations.— T h e following t a b le Little Rock, Arkansas.—No rain during the week. The Indicates the actual movement each week from the plantation, thermometer has ranged from 70 to 94, averaging 82. The figures do not include overland receipts nor Southen Helena, Arkansas.—Crops spotted. Some are too rank consumption; they are simply a statement of the week!) from an excess of rain, whileareothers not had enough movement from the plantations of that part of the crop whicl moisture. Rain has fallen lightly on have two days of the week, finally reaches the market through the outports. the precipitation being sixteen hundredths of an inch. Av erage thermometer 76, highest 84 and lowest 66. August Week Receipts at tke Ports. St'k at Interior Towns. Rec'ptsfrom PlanVnt rainfall three inches and fifty hundredths, on five days. Ending — 1898. | 1897. 1896. 1898. 1897. 1896. 1898. 1897. 1896. Memphis, Tennessee.—The weather has been favorable and 723 cotton is opening fast but picking is not general on account 9,728 3,20? 5.539 121,074 28,743 78,164 181 July 29 .. of the hot weather. Rain has fallen on two days of the Aug. 5..... 10,534 4.0 >2 4.930 119.85; 28,640 78,890 8,717 3,949 3,656 9.820 13,027 week, to the extent of nine hundredths of an inch. The ther 3 887 7,396 16.370 115,541 31,061 76,547 “ 12 .. “ 19 ... 8.8-2 19,060 33,961 108,839 30,284 89,793 2,189 24,280 50,207 mometer has averaged 8J’C, the highest being 90'8 and the August rainfall two inches and sixty-nine “ 26 ... 20 273j 32,718 38,557 101.461 36,941 110,181 12,876 33,375 88,945 lowest 70. M.271 116,890 101.730 49.890 125,827 33,519 04.220 132,536 hundredths. Sept. 2 Alabama.—Crop reports are gloomy. It is claimed) The above statement shows: l.—That the total recelpls Mobile, very serious damage has resulted from rust, rot, shed from the plantations since Sept. 1, 1898, are 11,590 bales; in that ding and worms. The week’s rainfall has been two inches 1897 were 35.437 bales; in 1896 were 65,449 bales. seventy-six hundredths, on five days. The thermometer 2.—That although the receipts at the outports the past week and ranged from 73 to 90, averaging 80. August rainfall were 32,3)0 bales, the actual movement from plantations was has inches and thirty-five hundredths. 32,519 bales, the balance going to increase stocks at Interior twelve Alabama.—Cotton crop reports are bad, owing towns. Last year receipts from the plantations for the week to Montgomery. six weeks of almost continuous rain. All sorts of dam wore 64,210 bales and for 1896 they were 132,536 bales. age to the crop are reported, and the Agricultural Commis makes the condition at close of August 74. Rain has Cotton Crop Circular.—Oar Annual Cotton Crop Review sioner fallen on five days of the week, to the extent of one inch and will be ready in circular form about Thursday, Sept. 8. seventy Average thermometer 80, highest Parties desiring the circular ia quantities, with their business 91, lowestfive70.hundredths. August rainfall seven inches and ninety-two card printed thereon, should send in th9ir orders a3 soon as hundredths. Selma, Alabama.—Cotton has been damaged considerably possible, to ensure early delivery. by continued rains. Too rapid growth is reported from bot Weather R eports by T elegraph.—Reports to ns by tele tom lands and the lower bolls are rotting on the stalk. Rust on uplands. It will require very favorable weather from graph this eveniag from the South denote that rain has bean now to make an average crop. Rain has fallen on four quite general during the week, but in the Southwest the pre days on of the to the extent of one inch and seventy-four cipitation wa3 as a rule moderate and beneficial. Along the hundredths.week, The thermometer has averaged 84, the highest Atlantic and in portions of the Gulf States, however, the rain being 97 and the lowest 70. Madison, Florida.—It has rained on each day of the past fall was excessive, especially so in sections of Georgia and week, the rainfall being two inches and ten hundredths. South Carolina. Damage from various causes is claimed in Thermometer averaged 82, ranging from 72 to 92. Alabama and Georgia. Elsewhere the crop is doing well on Leesburg, Georgia.—Cotton rotting as a result of too muchthe whole and cotton is opening rapidly. Picking is being rain. The week’s precipitation has been five inches and forty-three hundredths. The thermometer has ranged from retarded to some extent by the hot weather. to 88, averaging 73. Galveston, Texas.—We have had rain on four days of the 68Savannah, has been rain on each day dur week, the rainfall reaching one inch and sixty-five hun ing the week,Georgia.—There the precipitation reaching fourteen inches and dredths. The thermometer has averaged 82, ranging from thirty-four hundredths. Average temperature 78, highest 89 74 to 90. lowest 69. Palestine, Texas.—There has been rain on two days during andAugusta, Georgia.—There has been rain on each day during the week, the precipitation being one inch and fifty-eight the week and the rainfall reached seven inches and twentyhundredths. The thermometer has ranged from 68 to 94, six hundredths. The thermometer has averaged 78, the high averaging 82. est being 86 and the lowest 70. Huntsville, Texas.—There has been rain on two days dur Charleston, South Carolina.—There has been rain on six ing the week, the precipitation reaching fifty-six hundredths days during the week, to the extent of four inches and ninetyof an inch. Average temperature 80, highest 91 and lowest 69. nine hundredths. Dallas, Texas.—We have had rain on one day of the past ing from 72 to 56. The thermometer has averaged 79, rang week, the precipitation reaching twenty-four hundredths of South Carolina.—There has been rain on each an inch. The thermometer has averaged 86, the highest be dayStateburg, the past week, the precipitation reaching three inches ing 95 and the lowest 67. twenty hundredths—too much rain. The thermometer San Antonio, Texas.— We have had heavy rain on four days and has ranged from 67 to 88, averaging 76. August rainfall, during the week, the rainfall reaching two inches and forty- eight inches and forty-eight hundredths. four hundredths. Minimum temperature 70. Greenwood, South Carolina.—There has been rain on six Ruling, Texas.—There has been rain on two days the past days of the week, the precipitation reaching four inches and week, the precipitation reaching ninety-five hundredths of an nine hundredths. Average thermometer 76, highest 82, low inch. The thermometer has ranged from 69 to 92,.averag est 70. August rainfall, seven inches and eighteen hun ing 84. Columbia, Texas.—It has rained heavily on five days of the dredths. The followingstatement we nave also received by telegraph, week, the rainfall reaching nine inches and forty one showing the height of the rivers at the points named at hundredth of an inch. Average thermometer 80, highest 91 and lowest 68. Sept. 1, ’98. Sept. 2, ’97 Cuero, Texas.—There has been rain on two days during Feet. Feet. the week and the rainfall reached thirty-one hundredths of N ew O rlean s...... 6-7 3-8 an inch. The thermometer has averaged 88, the highest be M em phis............ 5*6 91 ing 98 and the lowest 72. 2*3 2*4 Nashville............ 2*5 0*3 Brenham, Texas.—Showers have fallen on four days of the Shreveport.......... ........Above zero of gauge. 20*4 8*0 past week, the rainfall reaching sixty five hundredths of an Vloksbnrg........... ........A b o v e zero ol gauge q q THE CHRONICLE. 492 fVoL. LX VII • I C M P .—The r e c e ip t s T h e S t a n d a r d B a l e . —A demand for a standard square of cotton at Bombay anil the shipments from all India p o rta bale of American cotton of uniform dimensions is now gen for the week ending Aug. 31, and for the season ending eral throughout the United States and Europe. The move Aug. 31 for three years have been as follows: ment among the cotton interest during the past summer has 1895-96. 1896-97. 1897-98. produced the endorsement of the bale of 24x54 inches, inside Beeetpls at— S ine* Since. week. St nett measurement of the country box as the standard by all the Week. Week. Sept. Sept. 1. 1. Sepi. 1. Cotton Exchanges of the UnitedStates as well as by the Liv 2.000 1,800,000 4,ooosi,ei8,6ta 10,000 2,155,716 erpool Cotton Association, and the Havre and Bremen Cotton B om bay— ... Since September 1. For the Week. Exchanges. This action has brought about such a wide Exports spread interest that all branches of the cotton trade, from Conti Great l Great fro m Total. nent. B rita in . nenL Total. B rita in . the planter to the shipper, have taken active measures in their respective territories to reach the result that upon the Bom bay— 482,000 449,000 3,000 3,000 13,000 1897-98.. 592,107 opening of the next season, 1898-99, cotton coming to hand 1 ,0 0 0 560,132 1,000 31,975 1896-97.. 797,129 will be principally packed In uniform standard boxes, 24x54 73,705 723,42 4 1895-96.. 6,000 6,000 Calcutta— 34,000 38,000 inside measurement. 4.000 1897-98.. 9-0,393 87,573 8,320 1890-97.. The reasons for this movement are, first of all, the greatly 30,987 95,885 1895-96.. 8,898 M adras— reduced freight rate which is obtainable on packages of this 2.000 7,000 5,000 1897-98.. 0,521 21,312 27,633 size, due to the fact that they are capable of better com 1896-97.. 2,000 ‘i.OCO 4,000 16,106 10,005 35,111 pression, which is now brought down to 40 lbs. to the cubic 1895-96.. A ll others— 146,000 foot, against 22^ lbs. formerly. 2,000 16,000 18^7-98.. 2,000 130,000 109,971 3.000 1,000 31,571 138,400 1890-97.. 1 ,0 0 0 Many shippers and steamship agents, as well as railroad 129,630 4.000 22,510 15 .-,190 1895-96.. 4,000 carriers, appreciating this fact, have instructed their repre Total a ll— 653,000 sentatives to discriminate in freight in favor of the standard 5,000 618,000 5,000 35,000 1897-98.. 807,417 4,000 836,104 5,000 1896-97 ,000 78,6*7 bale. Experiments made last season demonstrated that these 12,000 14,000 1 121,219 2.000 959,096 1,080,315 1895-96.. According to the foregoing Bombay appears to show a standard bales could be carried with equal profit at a reduc decrease compared with last year in the week's reoeipts of tion of 40 per cent in the freight rate. While this applies to 3,000 bales. Exports from all India ports record a ----- all carriers, it is a noticeable feature in the item of ocean of ----- bales during the week and since September 1 show freight; 40 per cent on Dresent rates means from $1 to $1 25 a decrease of 233,104 bales. per bale less than rates necessary to make a ship a profitable A l e x a n d r ia R e c e ip t s a n d S h ip m e n t s o p C o t t o n . — under the old and irregular-sized bales that formerly Through arrangements we made w ith Messrs. Davis, Benachi carrier & Co., of Liverpool and Alexandria, we sviw receive a weekly i came to hand. It does not require much thought to see cable of the movements of cotton a t Alexandria, Egypt. The where this advantage in shipping okarges settles itself ; prac following are the receipts and shipments for the past week tically it is a gain to the farmer of not less than $1 per balls and since the beginning of the season in each of tiie last according to the average of ocean freight rates prevailing three years. during the last few years ; this gain applied to every bale of A lexan dria, B uupt, ' cotton lie raises brings np the aggregate to say $10,000,000 1896-97. 1895-96. 1897-98. Aug.nst 31. per annum, more or less, according to the size of the Ameri Receipts i cantata*)___ cas! crop. 5,000 Thla m eek ........ .. ...... 4,000 7,000 5,275,383 Sln ee8ept. l ............ 6,5 23,000 5,879,750 In consequence of the uniformity of the package and the TAis Since This Since This Since greater density obtained through this uniformity, the ship week. Sept. 1. meek. Sept. 1. vjeek. Sept. ! generally is enabled to load her dead-weight capacity, and as e x p o rts (b a les)— 4.000 339,904 all shippers of cotton are familiar with the advantages of 348.000 2,000 340,760 To L iv e r p o o l.. 2,000 484.000 3,000 409,617 2.000 343,379 giving every ocean carrier a full cargo, competition to this To C on tin en t!......... 5,000 750,376 T o t a lE o r o p a ........ 2,000 832,000 6,000 683,283 ;end necessarily lowers the freight rate, which in turn enables * A e a n t a r la 98 pounds. the interior buyer to pay the farmer a higher price for his t O f v t io h t o A m e rloa ln 1897-98,53,788 b a l«e : In 1896-9T; 61,056 bale of cotton, which, especially at the present price, is moat tales: In 1895-96,59,31.1 bale*. M '.I , — Oar report received by cable ’ acceptable to him. to-night from Manchester states that the market continues Another great advantage of the reduced measurements of quiet for both yarns and shirtings. The demand for cloth is bale is that it allows the bagging to come well down over poor. We give the prices for to-day below and leave those the the sides of the bale, covering its contents entirely, thus re for previous weeks of this and last year for comparison. ducing the chances of country damage and protecting the 1898, 1897. contents of the package from other exposure. Ibe. Shirt Con'7-, 32s Oop. SH ibs. Shirt Oott’T. There is a saving also in insurance. The underwriters are 82# Cop. 81* ings, common Mid. Mid. ings, common TwitC to finest. Upldt prepared to make lower rates for both the lire and murine to.finest. Uplde Twist. a, a. e. d. s. d. a. d. d. e.4 2d. 1*0s. 8a. a. risk on account of greater density and mare freedom from J ’ly29 59ie 367jfi 44 O’a a e 713 31^32 0715 977 j6 * 933 land damage of the standard bale. 8 4%2 o m » 0 713 315.}2 6% Z*7Rf 4 2 W Aug.5 Three yews ago an effort was made in Texas to bring about 5 n u a>e*Q 4 1 9 6 7>i 3 *9 67l8 ®77le 4 2 i«® 6 8 4 7 333 0’s »7 7 ,g 4 2 « 6 8 till a uniform standard bale. Meetings of various bodies, such 5%*<3 'ft3638 U>6$iq 4 0 ® 6 e>s 311.32 67,8 »7% 4 2 n o 7*a * 26 55°10 6% a7M 4 l i « © 6 71* till 65] ft 4 0 9 6 6b} as farmers, ginners and others interested in cotton, were held Seiji 2 J u t e B u t t s , B a g g i n g , &o,—The m arket fior jute bagging and resolutions passed leading to this end. At that time it has continued steady during the week under review at un "was thought that a measurement of 28x58 was all that was changed quotations, the close this evening being at for necessary. This sized package became almost universal in \% lbs. and 6J^c. for 2 lbs-, of standard grades. Car-load 'the State of Texas, but later it was found that the movement lots of standard" brands are quoted at 6%o. for 1% lbs. and for 2 lbs,, f. o. b. at New York. The market for jute was not radical enough. Consequently numerous experi butts has been dull. Quotations are nosnisally -80o. for, ments were made until it was demonstrated that the standard paper quality and l% c. for mixing. a square bale as mentioned above, 24x54, developed all the From Messrs. Ira A. Kip & Co.’s circular we ascertain'- . of advantages desired in a square bale of cotton. Several ship that the deliveries of jute butts and rejections at New York and Boston daring August were 30,095 bales, against 50,785 ments of cotton of this standard were made during the past bales for the same month last year, and since January 1 the season and reached their destination in good order, holding deliveries have reaehed 339,107 bales, against 289,390 bales density satisfactorily to all parties interested. in 1897, The aggregate stock in the hands of importers and theAfter the vigorous campaign of the past spring and present speculators in New York and Boston on August 31 was nil bales, against 1,000 bales at the corresponding date of 1897, summer to bring about a uniform standard bale of Ameri and the amount afloat reaches 34,812 bales, against 56,503 can cotton, there is good reason for the belief that the results bales last year. thus far obtained will continue to develop until the better P r i z e S t e a m e r s R e l e a s e d . —The clearances from New condition in which American cotton is received has been ex York on Tuesday, August 30, included the two Spanish steamers Catalina and Miguel Jover, which were seized by tended to all our milling centres in this country as well as to the Government last April, but were recently released by those of all foreign countries, and that we have heard the order of a prize court. The steamers have on board the end of the wretched way in which our great product of the same cargoes with which they sailed from New Orleans has been heretofore handled. April last, as followB: Catalina, 2,775 bales cotton for Bar South We wish the standard bale of 24x54 all the success that is celona and 400 bales for Genoa: Miguel Jover, 3,900 bales for claimed for it. Barcelona. n d ia otton ovem ent 1 anchester aslk st o h io c from all orts THE CHRONICLE sK S eptember 3, 1898. ] Government W eekly Cotton R eport.—Mr. W. L. Moore, Chief of the Weather Bureau of the Agricultural Depart ment, made public on Tuesday the following telegraphic reports on the crop in the Southern States for the week ending August 29: V i r g in i a .— Cotton poor. orth arolina First h alf of week w arm sunny, was fa v o r able and crops improved, but too much rain in south portion latter half; ootton im proving in some sections, in others shedding and rust continue; it is opening rapidly and picking will soon become general. outh arolina —M ore sunshine and less rain than except in C eu tra l'a n d Peedee counties, where excessive rainfall hooded bottoms, destroying much cotton; cotton opening freely and picking quite general, rust widely prevalent; shedding and rotting of bolls continue to iDjure prospects. eorgia rains to increasiog. lorida damaged labama Last few days cool and w et with heavy to excessive rains; cotton rusting and shedding generally, boll worms more numerous and some complaints of bolls sprouting, it opening rapidly, but picking has been retarded by rains. N C S C .— and last week, 4 93 Satur. Liverpool........... c . H avre................. Bremen.............. c . H am burg...........o. Amsterdam........ c. Rev&l, v. Hamb..c. Do v.Brem ’n.c. Do v. H u ll...e . Rotterdam......... H en oa............... Trieste............... Antw erp............ Ghent, v .A n tw ’p.d. t Cents net per 100 c. e. d. d. d. Mon. 15t % 22t 251 30< .... .... 331 301 301 321 % Tuts. Wednes. Thurs. 15t 4 22f 251 30t .... .... 33t 301 301 32t 151 >4 221 251 30+ . . .. .... 331 301 30t 32+ *6 15t H 22t 25+ 301 .... .... S3t SOI 30t 32t % F ri. 15t *4 22f 251 301 .... .... 331 30t 30t 32t hi 15t h 22 25 + 30 + . . .. . . .. 331 30i 30' 32+ G .—General and heavy increasing dam age ootton; B32 532 632 ®32 <s!3 ootton rotting, shedding and rusting badly and boll worms lbs. F . -F req u en t rains cotton. Liverpool.—By cable from Liverpool we have the follow A .— j a g statement of the week’s sales, stocks, &c., at that port. is A ug. 12. A ug. 19. A ug. 20. Sept. 2. M lssibsippi.—Cotton improving, bolls opening rapidly and picking progressing, although retarded Hy hot w eath er; bales of new cotton Sa+ea of the w eek ......... hales. 58.000 54.000 32.000 47.000 becoming more numerous in all sections, some dam age by shedding, Of which exporters to o k ... 900 2,200 800 1,100 rust, rot, worms, and abnorm al grow th of plant1 800 speculators took. 1,600 800 L ouisiana .—Fore part of week warm and dry, followed by cool • 3aOf,eawhich 51.000 50.000 Am erioan .................... 30.000 42.000 showery weather, unfavorable for cotton, which was damaged some by rust, shedding and koll worm s; caterpillars appearing, but with out material damage; cotton picking progressing slowly. exas — Local showers every day. but drought continues south west portion, rainfall generally cotton improved in cen tral and northern portions, but boll worms, caterpillars and sharp shooters are causing damage in many localities, worm bflngpoisoned; picking in southern and central portions progressed rapidly, but some delay showers; some ootton opening prematurely account previous dry weather, aud some shedding, rains checked opening in northern portion. A r k a n s a s -C otton being damaged b y worms, blight and ru s t; in gome looaliwes it continues to shed and being injured rain, while fci otfliers it is being dam aged by drought ; it is opening rapidly, but nicking is not general on aocount of excessive heat; cetton has been marketed. ennessee Except some showers, warm, dry vailed, inducing rapid development and maturing crops; ootlon improved, opening rapidly, picking progressing well. klahoma Cotton picking begun, first bales marketed Thursday, crop not in as good condition as formerly, considerable shedding and damage from boll worms and sharpshooters. issouri —Cotton opening nicely. T . in'Ufiioient; frera is T .— O .— local Aetna export........ ................ Forwarded.............................. Total stook—Estimated......... Of which American—Estm ’d Total import of the w e ek ...... Of whloh Am erioan............ Amount afloat........................ O f which Am erioan............ 3,000 55.000 875.000 789.000 24.000 14.000 33.000 29.000 4,000 49.000 843.000 761.000 22.000 18,000 28,000 22,000 5,000 41.000 814.000 733.000 18.000 12,000 31.000 24.000 3,000 40.000 790.000 710.000 19.000 15.000 34.000 30.000 The tone of the Liverpool market for spots and futures each day of the week endimg Sept. 2 and the daily closing by too much . prices of spot cotton, have been as follows.______ some w eather pre much S a fd a y. M onday « Tuesday. Wed 1day. Thursday F riday Spot. j Market, ) 1:45 P. M. J Easier. Quiet. Moderate Increased Steadier. demand. request. Mid. U pl’da. 811,3 811,2 3<ha 3*16 These reports on cotton are summarized by the Depart tpeo.&exp. Futures. ment as follows: 3,000 300 7,000 300 6,000 300 8,000 1,000 M arket, :45 p . M.! Quiet. M The week lias been very unfavorable to ootton, especially over the greater part of the eastern portion of the ootton belt, where it has suffered from heavy rain®, which have been continuous for the past month, causing rust. sReddlng and too rapid growth of stalk. In por tions of North Carolina and over the central part of the cotton region conditions of the past week have been somewhat more favor able and the crop is improved in Tennessee, Missouri and portions of Mississippi and Arkansas. Cotton has also improved in Central and Northern Texas, but insectsiare causing damage In many localities, and premature opening and shedding are reported from the central and southern portions of the State. Picking is becoming general in the northern-portion. Egyptian Cotton Crop.—Mr. F. Jao. Andres of Boston bas received the following from the Cotton Department of the Anglo-Egyptian Bank, Alexandria: “ Temperature during J aly has been hot. W orm s and fogs have been very rare and have done no harm. These oircumstanceg, so favorable to the plants, have been to a oertaln extent counteracted by the water difficulties. However, thanks to the great care and energy in the distributions the waterings strictly n eo esjw v have been obtainable over the greatest part of the D elta; bnjjgtie e x tremely limited supply could not reach everywhere, the higiuiJ parts must have suffered considerably and the plants so situated are not therefore in a good condition. For some days past the Nile has risen and it is hoped by the 10th or 15th of August there w ill be no further anrlety about the water supply. In U p p e r Egypt the condition of the plants Is very satisfactory, they have in no w ay suffered from short age of water. Flowering aud the formation of pods is very advanced. From the Fayoum the news is no* quite so favorable.’* ) l M arket, 4 . P. M. $ Quiet at Steady ai partially partially 1-64 dec. 1-64 adv. Barely steady. Barely steady. Steady. 2b16 10,000 500 Firm. 311,3 8,000 500 Quiet at 1-64 de cline. Quiet at partially 1-64 dec. Quiet at 2-64 ad vance. Steady. Quiet but steady. Quiet. The prices of futures at Liverpool for each day are given clause, unless otherwise stated. below. Prices are on the basis of Uplands, Low Middling S a l. Sept. 2. 12*3 P.M. ■ d. -'n o n . 1 P. M. d. August....... te 15 3 Vug.-Sept... 5 14 3 9ept.-Oot___ 3 12 3 Oct.-Nov___ 3 10 3 Nov-.Dec. .. 3 10 3 Qeo.-Jan___ 3 10 3 Jan.-Feb___ 3 10 3 Feb.-March. 3 10 3 Moh.-April.. 3 11 3 Vprll-M ay .. 3 12 3 May-June... 3 13 3 June-Jnly.. 15 14 12 10 10 10 10 11 11 12 13 I : T oes. 1:451 4 1:45 P. M. P . M. jp. M. 4 W ed. 1:45 P .M . P .M . T h u rs. 4 1:45 P.M. P.M. d. \ d. \ d. d. d. d. d. 3 14 3 14 3 13 3 13 3 12 3 12 3 13 3 13|3 12 3 L I H3 10 3 09 3 09j3 09j3 OS 3 0 > 3 08 3 07 3 09 3 08 3 07 3 09 3 08 3 07 3 10 3 09! 3 08 3 10f8 1013 11*3 10 3 09 3 1 2 J3 1 1 3 lb ............. 1— - 3 0< 3 12 3 10 3 08 3 08 3 08 3 08 3 09 3 09 3 10 3 11 3 12 3 09 3 07 3 07 3 07 3 07 3 08 3 08 3 09 3 10 3 12 3 09 3 08 3 07 3 07 3 07 3 08 3 09 3 10 3 10 3 13 3 10 3 08 3 08 3 08 3 08 3 08 3 09 3 10 3 11 3 11 4 F ri. 1:45 4 P.M. d. a. 312 3 14 if. 3 14 P .M . P .M . 3 10 3 08 3 08 3 08 3 08 3 08 3 09 3 09 11 3 11 3 3 1 2 3 11 3 10 3 10 3 09 3 09 3 09 3 09 3 09 3 09 3 10 3 1 0 3 11 3 10 3 1 2 3 11 3 12 3 L2 3 13 3 13 B R E A D S T U F F S . Shipping News.—As shown on a previous page, the exports of cotton from the United StaXes the past w e e k h a v e F , Sept. 2, 1898. reached 31,815 bales. The shipments in detail, a s m a d e up No improvement has been apparent in the demand for from mail amd telegraphic returns, are as follows: Total bale-a. > wheat flou». Bayers generally have been slow in placing N Y —T Liverpool, per steamer Cymric, 760.................. 760 orders for supplies, their purchases as a rule having been To Hull, per steamer Idaho, 1.000...................................... 100 limited te small lots, iin fact the trading has been almost To Havre, per steamer L a Gascogne, 600 upland and 50 exclusively of a hand-to-mouth character, and as there have Hea Island............................................................................. 650 To Bremen, der steamer Friedrich der Grosse, 2,490.......... 2,460. i been fairly free offerings of new crop flour to arrive, the tone To Barcelona, per steamer Picqua, 550........ ........................ 550 has been easy and prices have weakeu«4 slightly. Rye flour N Orleans —To Liverpool—Aufc. 30—Steamer Engineer. has hewt in fair supply and as demand has been limited, 2,817............................................... ...................... ” ........ 2,817 To B e lfa s t -A u g . 20—Steamer Iniahowen Head, 200.......... 200 prices have favored buyers a little. Corn meal wa3 sold To Bremen—Aug. 27-S tea m er Europa, 720...... .................. 72" slowly and prices have weakened somewhat under fairly free To H a m bu rg —Aug. 2 6 -Steam er York, 1,303....................... 1,303 offerings. To Copenhagen -A u g . 30—Steamer Kentucky, 300.............. 300 Speculsifeion in wheat for future delivery has been quiet, Galveston —To L iverpool—A u g. 26—Steamer Dominic, 7.852 — Aug. 31—Steamers Cambria, 2,158; Eden Hall, 7,755. 17,765 •but the tendency *f prices has been towards slightly higher To H am burg—Aug. 27—Steamer Duchess of York, 139...... 139 prices. The principal ball point has been crop damage re C —T o Liverpool—Aug. 0—Steamer Vera. 6 1 7 .____ 617 ports from Russia, which have given a steadier ton- to the B oston —To Liverpool—Aug. 23—Steamer Philadelphia. 27___ foreign advices. Saturday prices advanced early in response Aug. 2 1-Steam er Corinthia. 2 ...... Aug. 25—Steamer .to stronger foreign advices, accompanied by some buying Canada, 3---- Aug. 29 - Steamer Sagamore, 19____Aug. 30 —Steamer Armenian, 2,483................................................. 2,534 orders, but later reacted under moderate offerings, prompted free movement of the crop ip the Northwest Total.............................................................. 31.815 by a predicted the coming week. Monday prices advanced }4@%c. The particulars of the foregoing shipments, arranged in during There was moderate buying for both local and foreign ao our usual form, are as follows. count, stimulated by the small world’s shipments for the week Great French Qer- r—Oth. J?rope—> Mexico , further talk of crop damage in Russia. The estimate by B riV n. ports, m any. North. South. dbc. Japan. Total . and New Y ork. 1,760 650 2.460 550 ................ 5.420 the Hungarian Minister that the world’s production of N. Orleans. 3,017 2,023 300 ....................... 5,340 wheat would be slightly below the' consumption had Galveston. 17,765 139 .................................. 17,904 apparently little or no influence upon the situation, Charleston 617 ....................................................................... 617 B o sto n ___ 2,534 ..................................................................... 2,534 Tuesday the market was easier early in the day under moderate offerings prompted by a large crop movement in T o t a l.... 25,693 650 4,622 300 550 .................... 31,815 the Northwest and weaker foreign advices. Subsequently, Cotton freights at New York the past week have been however, there developed a demand from shorts to cover contracts and the loss was recovered, Wednesday the as follows. r id a y ew ork o ew . . h ar lesto n THE CHRONICLE. 491 lower prices than before. Both the overcoatings and cloak ings divisions continue dull at previous prices. Dress goods h ive sold more freely but at generally easy prices. Flannels and blankets are firm, but the demand is light, D omestic C otton G oods.—The exports of cotton goods from this port for the week ending August 39 were 4,313 packages, valued at $138,595, their destination being to the points specified in the tables below : market was easier on weaker foreign advices, and continued large receipts at the Northwest prompted free offerings, and prices declined. Thursday the market was easier early in the day on Western selling. Daring the afternoon there was re newed buying by shorts tocover contracts and prices advanced, closing higher for the day. To day the market was weaker under the free movement of the crop in the North west and easier foreign advices, closing at J_f<S 1'jO. decline for the day. Business in the spot market was fairly active during the latter part of the week, the free movement of the crop in the Northwest causing the premiums on cash wheat to rapidly disappear. The export sales to-day here and outports were 600.0JO bushels. DAILY OLOSISO FRIGES OF NO. 2 BED WINTER WHEAT. Sat, Mon, Tiies. Fed. T h u n . September delivery.. .0. December delivery...... May delivery................o.e. 69*8 60% 681* 68% 66% 67*2 6^8 66*% 08 08% 66% 677s 68 % 66% GS FW. 67% 66*4 67% [VOL. LXVII, 1898. N ew Y ork to A do. 29. Feek. Great B rita in ....................... Other E u ro p e a n ................. In d ia .................................... A rabia.................................. A frica ................................... W est Indies.......................... M exico___ . . . . . .................... Central Am erica.................. South Am erica.................... Otlier Countries..... ............. 54 11 1 12 147 1897. Since J a n . 1. Week. Since J a n . 1 2,342 797 116,492 9,657 23,212 8,862 9.748 3,004 5.032 35,764 12,951 160 12 3,427 2,499 97,574 5,967 16,34913,806 9.826 2,336 5,801 33,281 3,338 104 238 256 81 Indian corn futures have been moderately active and the 147 369 tendency of prices has been towards a higher basis; values 3,573 676 have gradually hardened throughout the week on reports of 12 56 crop damage by dry, hot weather. Early in the week the im T o tal............................... 4,213 227,971 1,686 194,284 provement in prices was only slight, but later in the week, 13,960 14,566 as the reports of crop damage by the dry, hot weather be China, v ia Vancouver’*..... T o tal............................... 4.213 241,931 1,636 208,850 come more numerous, there was more disposition shown to buy and the advance in prices became more pronounced. * From N ew KnRiand m ill points llreot. To-day the market was easier under more favorable crop ac The value of the New York exports for the year to datecounts. The spot market was fairly aotive at lower prices. has been $7,933,207 in 1893 against $7,507,891 in 1897. The sales for export were 350,000 bushels. in heavy brown sheetings and drills sellers have shown an easier attitude on both spots and contracts, and the tendency DAILY CLOSING PRICES OF NO. 2 MIXED CORN. sat. Mon. Tues. Wed. T h u n . Fri. is in favor or buyers. The home demand is fair, but bujfing 34% for export light. 35% 34% 34% 34% September delivery___.0. o. 34% Fine yarn gray gools are rncmly l-16c. 35% 0. 34% 35% D ecem ber delivery___ o. 34k! 35% 35% dearer. Bleached cottons still quiet, bnt low grades firmer — .... c. ___ . . . . . . . . May delivery__ 37% print cloth influences. Wide sheetings inactive Oats for future delivery have been dull but in sympathy under unchanged prices. Cotton blankets very firm and with the advance in the market for corn values have im at flannels steady, with a quiet business. Den proved slightly. The crop movement has been moderately cottondull and in favor o£ buyers, Ticks quiet and large. At the West some export business has bsen reputed ims plaids in moderate request, and cheoks and stripes transacted. Locally, however, the volume of trading has unchanged, cheviots slow at previous prices. Kid-finished cam been very moderate. To day the market was dull and easier, and brics rather steadier Fancy prints in well-sustained re in sympathy with the decline in other grains. Tne spot quest and steady, and the demand for indigo blues, mourn market was more active. The sales for export were 370,000 ings and other staple lines shows considerable improvement,, bushels. DAILY CLOSING PRICES OF NO. 2 MIXED OATS. with a steadier toie in the market. Ginghams are m a wellSat. Mon. Tues. Wed , Ttiurs. F n , sold condition with steady demand. Print cloths have sold largely and the market nas advanced 1-16 j., to 3 1-I6c. for September delivery __c. 24% 25 24% 24% 25 24% at which price sellers are firm but the demind much Rye has had a moderate sale at steady prices. Barley has extras, quieter. been more freely offered, but values have held steady. F D G —Orders for fall lines of dress goods, The following are closing quotations: silks, riobons, etc., have been numerous, but only small FLOUR. quantities individually called for. Demind readily mat all F in e .............................i?215r3>2 30 Patent, w in te r...... $3 60 1M 15 City mills, extras . 4 70 ■®5 00 Superfine...... ......... 225 w2 60 around and prices irregular. No business of importance yet E x tra, No. 2 .............. 250@2 75 Rye flour, superflae 2 40 90 recorded for next spring. E x tra, No. i ......... 2 70 ® 3 OO Buckwheat flour................... Importation* and Warekonse Withdrawals of Drf Goode C le a rs.................... 320 3 50 Corn m eal— Western, e tc ...--. 2 05 ©2 15 Straights................. 33 ) ■ Wl 30 The importations and warehouse withdrawals of dry goods Patent, S prin g___ _ 4 40 <*4 80 B r a n d y w in e ...... 2 20 at this port for the week ending Sept. 1, 1898, and since [Wheat"floor in sacks sella at prices below those for barrels, January 1, 1898, and for the corresponding periods of last GRAIN. year are as follows: o. Corn, p er bush— o. o. Wheat— o. o r e ig n H a rd Duluth, No. 1. B e d W inter, No. 2.. H a rd Man., No. 1.. Northern, 1 .. . Oats—M ix ’d, per bsh. W h it e .................... N o. 2 m ixed......... No. 2 w hite........ . No. 71 72*2 69 ® 71*s 71% ® 72 % 69% ft 70% 25 -a 27*2 26 7 37 26%® 27% 29% a 30% i> F o r o t h e r ta b le # dbuh Mv Western m ixed........ _.34% #36% No. 2 m ixed.............. .3-1% $36% Western Y e llo w .........35% *37 W estern W h ite ...........353s®37% R yeWestern, per bush . . . 4 S%?»5 0 % State and J ersey........45 ®49% Barley—W e s te rn ..........47 ® 54 F e e d in g ........ „..........-.33 ®35 g iv e n h e re see plitre 4-6 4. DRY GOODS T R A D E . N Y . F , P. M., Sept. 3, 1898. The chief feature of the week in the cotton goods division of the market has been the advance in print cloths in re sponse to the most active demand which has come forward for a long time past. This has had a modified sympathetic effect upon directly allied goods, but with that its influence has ended. In other directions the tendency has been, in fact, to favor buyers, for there the raw cotton situation still operates as chief factor. The general deman i daring the week has been well sustained at both first and sec ond hands, and a considerable aggregate business has been recorded. The results for the month of August, so far as cotton goods are concerned, ara significant of tne liberal business doing throughout the country. The policy of buyers was uniformly conserva tive; in no direction was there any trace of speculation; and yet a large aggregate business has been reported in nearly all descriptions as the outcome of steady day-to-day hand-tomouth purchases. This character of buying is expected to keep up longer than usual, as trade at second hand is still good, and supplies held by jobbers must be quite moderate. The woolen-goods division of the market has continued inac tive and disappointing. W oolen G oods.—The week's business in men’s-wear wool ens and worsteds for spring has been of very moderate pro portions only and still leaves the light-weight situation very unsatisfactory. There are but few mills which have secured an average volume of business, while there are a number which have so few orders booked up to the present time that they are more likely to shut down than to continue rauning. In addition to slow new business, cancellations of early orders on serges are reported. The price situation is unsettled by these conditions, bnt agents will rarely quote openly any THE ew ork r id a y ry oods mis m K *to P <to Cj e+- 8gS' K K s £a S §; J! f P F is:. f IS-s ELm a » o • 0 ; ss S3 «E -J! © *3 GO-O lO © -J o © ►-* 1 — % Oi to 'JO in CO r! tO M M tO tO to #* © COCO CO*0 M © Cn <3 no -j wV M CO© to CO© Cn <1 - p t o — -4 COioVcOM — © t0 3 3 » to **> ^<fc© CO co © COto © CO -4 to -1 — toot CD►-* M CDCDC*© © © © M Q O In M O W - 5 © to CD© 03 s-i 05 -3 © to w O' U. CM-t to — coco % 00 ■'I 00© 00 J M M to M -O CDM )-* m to to to to -I pO -©'OMl Mu . 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H Cn <* * THE CHRONICLE. S eptember 3, 1898.] Washington County, Pa., $500,000 4 per cent 3-28City VtfM nm in, year Court House bonds, awarded to the Dollar Sav •tate and ~ ~ TER M S OF S U B S C R IP T IO N . The Investors’ Supplement will be furnished without tiitra charge to every annual subscriber of the Commercial F inancial Chronicle. The State and City Supplement will also be furnished w ith o u t extra charge to every subscriber of the Chronicle. The Street Railway Supplement will likewise be fur nished without extra charge to every subscriber of the Chronicle. The Quotation Supplement, issued monthly, will also be famished without extra charge to every subscriber of the Chronicle. TERMS for the Chronicle with the four Supplements above named are Ten Dollars per year within the United States and Twelve Dollars in Europe, which in both cases and includes postage. 495 _______ Terms of Advertising—(P er inch space.) Transient m atter (each time)$3 50 j Three Months (13 tim ps). .$25 00 •s t a n d in g b u s in e s s c a r d s . S ix months (26 tim es).. 43 00 T w o months t8 times)......... 18 00 I T w e lve Months (52 tim es).. 58 00 MUNICIPAL BOND SALES IN AUGUST. The total amount of municipal bond sales recorded in this Department during the past month was the largest total for any August since 1892, from which year our records date. In fact, the total is over three .and one-half millions heavier than that for August 1895, which amount ($8,464,431) prior to the present year was the highest total for any August ever re ported. According to our records, the total of the sales of municipal securities marketed during the month of August was $12,196,425. In this total we do not include $1,302,600 temporary loans recorded, nor do we include the $12,688,992 36 bonds of New York City, which, although awarded, the City Comp troller was prevented from delivering pending a de-cision of the Court as to the legality of the award. This decision, although expected daily, has not yet been handed down. This total for August, as given above, compares with $6,449,536 for August of last year and with $7,868,563 for the month of July of the present year. Including the New York sale, eliminated from the table given below, the total would have reached $24,885,417, the highest for any month ever recorded, if we except November 1896—the month when the sound money cause triumphed in the Presidential election. The decided increase in the amount of municipal securities sold during August, it is proper to say, is due partly to the sales of some large issues; there has been a decrease in the number of municipalities as •compared with the previous|month, there being 159 (emitting 188 separate issues), as against 179 (emitting 199 issues) for July. In August 1897, as it happens, there were also 159 municipalities and 188 separate issues recorded. The month has been notable, too, for the high prices which the bonds have commanded, and the active competition indulged in by the intending purchasers of many of the issues floated. The principal sales of the month were as follows: The Massachusetts $1,000,000 3 per cent 30-year loan and $2,900,000 3i per cent 30 and 40-year loan, awarded to R. L. Day & Co, and Blake Bros. & Co., Boston, bidding jointly, at 101-309 and 110-459, re spectively; Cincinnati, Ohio, $500,000 3 | per cent 20-40-year (optional) water bonds, awarded to a syn dicate, at 103-70; Essex County, N. J., $500,000 4 per cent 4C-year gold park bonds, awarded to Mason, Lewis & Co. and the Illinois Trust & Savings Bank, Chicago, bidding jointly, at 112-199; Salt Lake City, Utah, $500,000 4 per cent 20-year refunding bonds, awarded to E. H. Rollins & Sons, Boston, at 100-575; ings Bank, Pittsburg, at 109-74; Cleveland, Ohio, $300,000 4 per cent 28-year water-works bonds, awarded to Estabrook & Co., Boston, at 113-91, also $225,000 4 per cent 10-year funded debt bonds, awarded to Whann & Schlesinger, New York, at 106-517; Nor walk, Conn, $300,000 3^ per cent 20-year funding bonds, awarded to Parson, Leach & Co., New York, at 101-10. In the following table we give the prices which were paid for August loans to the amount of $11,613,952 issued by 129 municipalities. The aggregate of sales for which no price has been reported is $582,473, and the total bond sales for the month $12,196,425. In the case of each loan reference is made to the page of the Chronicle where a full account of the sale is given. Page. Location. A ugust B ond Sa l e s. Rate. M aturity. 1918 10............ 46 U908-1918 1899-1918 45 1899-1916 4*2 1945 38i 1905-1909 44 Sept. 1,1918 1914-1924 55L, 11908-1918 1899-1913 5 1906 918 443<fl 1899-1902 1899-1918 5 1938 3*4 31, 1918 1913 3*4 5*4 1899-1903 44*2 1899-1906 1 1899-1908 1928 444*2 11899-1913 11899-1913 4 U918-1938 1901 434>4 Oct. Oct. 1,1. 1908 1926 44 1902-1918 1928 444 1901-1928 1928 44 1912 *1913 5 1908-1915 4Lj 1909-1923 4*2 1924-1928 44 Aug. 1, 1938 11899-1909 45 1899-1904 1918 6 1900-1904 7 1905-1909 5 1918 564 1901-1910 4 1913-1928 1899-1918 4 4 AApr. ur. 10, 1918 335.. Ham ilton Co., Ohio.... 1, 1908 388.. Haverhill, Mass.......... 4 335 .Highland Park, Mich.. 1928 44 3 .. Hoboken, N. J .... 4 335.. H olly Springs, M iss.... 6 11903-1918 1938 443 Houston, T exas........... 5 443 . . Hudson, N. Y . .... 4 1908 1900-1912 443.. Hudson Co., N. J......... 4 1899-1918 49s . H y de Park. M ass........ 4 335 Jefferson City, Mo . . . . 5 *19i' 3-1918 388.. Jersey City, N. J ......... 4 1918 444 Joplin (Mo.)SchoolDis U003-1918 trict........................... 6 1,899-1903 286 Kenton, Ohio............... 6 H908-1928 444 Klngwood, VV. V a ....... 5 5 U903-1918 286 .. Kirksville, M o .. 336 La Harpe (111.) School 4*2 1901-1917 District No. 4 .......... 1910 444.. Lanesboro, M inn......... 5 1899-1908 5 1904 336.. Lima, Ohio......... 1899-1908 336 .. Lima, Ohio......... 5 1901-1910 336.. Lima, Ohio.................. 1901-1910 336 .. Lima, Ohio........ 444 .Liucoln, N e b ............... 4*2 1903-1935 388 .. Little Falls, N. Y . 3*2 1899-1910 388 Lorain Co., Ohio......... 1899-1908 3^ 336.. Lowell, M ass...... 1905-1914 444.. Malta, Ohio........ 5 444.. Manitowoc, W ls. 4ia Jan. 15,1906 386. Am lierst Co.. V a ......... 3 8 6 -.Anaoonda (Mont.) Sch. Dist. No. 497.. Andover, N. Y ... 442.. Ann A rbor (Mich.) 8ch. D istrict..................... 387 .. Auglaize Co., O hio.... 284.. Aurora (111.) School D is trict No, 5 ................. 284.. Baltimore, M d ... 442.. BelleviUe (111.) School District..................... 442.. Bellevue, P a ...... 28 4 .. Berea, O hio........ 334.. Billings Co., N . D a k ... 334.. Blakely, P a ................. 334 . Brattleboro, V t ......... 387 Bristol Co., M a s s ...... 387.. Buffalo, N. Y ...... 387 .. Caldwell Co., T e x a s ... 387.. Cambridge, Mass. (2 issues) ................. 387 a Cambridge, M ass........ 397 .. Cambridge, M a s s ...... 442.. Cambridge, Ohio. 442 .. Camden (N. Y .) School District No. ........... 284.. Canton, Ohio...... 285.. Carlstadt, N. J ... 387.. Chillicotlie, Ohio ........ 387.. Chiilicothe, O hio......... 387.. Ohillicothe, O hio......... 285.. Cincinnati, Ohio. 387.. Cleveland, O hio. 443.. Cleveland, Ohio.. 285.. ColumbU8, Ohio (7 is sues)...... ................... 387.. Concord, M ass... 443 .. Crafton, Pa. (2 issues). 387.. Cumberland C o .,M e... 388. .Duluth, Minn............... 498.. Dunmore (Pa.) School District..................... 498. Eaton R ipids, M ich... 498.. Elbow Lake, M in n ..... 443. . Elyria, Ohio................. 443 .. Elyria. Ohio........ 335.. Essex Co., N. J ... 388 .. Fremont, O hio... 388.. Fremont, Ohio... 443 Freeport, 111............... 4$ 3.. FresnoCo. (Cal.) Bo wles Sohool D istrict......... 443 .. Fresno Co. (Cal.) Fres no School D istrict... 498.. Fresno Co. (Cal.) H e rminghaus Sch. D ist.. 335.. Gallipollp, O hio.. 443 .. Gaylord, M in n ... 388.. Glouster, Ohio... 443.. G rove City, P a ... 285.. Greenville, P a ... 285 .. Hagerstown, M d . A m ount. Price. $40,000 101*25 30,000 112 20,000 106-275 14,000 18,000 102*143 109-81 10,000 17,500 104*52 100 17,500 104*25 48,000 3,500 103*08 105-857 13,000 100 16,000 105*33 15,000 109*333 70,000 101*963 50,000 100 70,000 100-214 100,000 140,000'[ 107-517 10,000 7,413 105-32 8,000 101*29 102*0625 4,834 30,000 104*10 15,600 100*90 7,400 100-70 675 100-296 500,000 106*517 103*70 225,000 300.000 113-91 68,000 103-943 30,000 113*08 19,500 102*03 18,000 102*575 300,000 §100 5,000 102-18 25,000 10) *20 4,000 103*175 150,000 45,000 108*73 111*85 500,000 112-199 16,000 100*50 3,000 112 101-367 35.000 1,500 102 5,000 107-033 107*25 1,400 7,000 112*857 106*052 5,000 106*50 12,000 15,000 10,000 ) 100 102-57 2,500 jU104*025 14*00 110*57 107,000 34,500 105 891 60,000 -108*25 106-43 50,000 43,000 100-465 100,000 106-317 106*15 10,000 103*29 26,000 105*17 25,000 103*78 6,000 104*54 100,000 106*48 2,500 1,365 100*37 100 10,000 40,000 104*031 100 8,500 103-071 7,000 106 50,000 3.200 105-31 107*40 20,000 107-40 20,0<«0 100 33,000 10246 65,000 35.000 104-671 100 25,000 102-51 10,000 104*02 15,000 | 105*708 THE CHRONICLE. 496 Page* Location. imoMH/. $10,000 1,000,000 2,900.000 2,600 1.200 153,000 14.500 23,300 the present District-At torney lias done nothing as yet in regard to the matter, and as his term of office expires "the eoaring fall, it will probably be left to his successor to attend to. Melrose, Mass.—City Charter.—At a spscial town me sting held recently the Town Moderator was instructed to appoint, a committee of fifteen to draft a city charter, which com mittee is to report at the town meeting to be held in No vember. 100,000 101 Mineral Ridge, Ohio.—Boat Litigation.—The “Ohio State Journal” reports that the Council of Mineral Ridge has de 100*86 28,000 101*762 clined to pay 810,00) worth of bonds which were issued to aid 71,000 108*71 40,000 in the construction of the Mineral Ridge & Niles Electric 100,000 100 Railway, and that the holders of the bonds (a Kansas City 40,000 100 company), will begin suit in the United States District Court 101*66 to recover on them. 3,000 80,000 100*63 New York City.—Outlying B onis Declared Legal.—Oa August 26. 1893, the Corporation Counsel forwarded to the 20,000 111*73 Comptroller opinions holding the following issues of bonds Sept, 1,1918 300,000 4,000 ) 101*10 1899-1901 1,900 ( 105*93 of outlying districts valid: 1899-1904 Pale, M aturity. 1899-1903 Apr. 1, 1928 1928-1038 1908 11903-1938 1899-1908 U 90S-1908 Optional 1901-1901 Aug, 1,1004 i 699-1902 1913 1899 5 89 .. M ansfield, O h io .,..* .* . 6 8 444. H aas& ohuiott*....... ... 444.. M assa ch u setts..... 3 *g 386 .M ayn ard , M inn . . . 6 44 4 - .M ayv fllo , N . .............. 4 4 93 . . M eadvUle, P a ... 6 444.. M ercer Co , Ohio (3 Is s u e s ) .................... 6 286.. M ethuen, M a ss... 4 S 8 9 . M ichigan . O h i o ........... 8 4 4 5 .. M itchell Co., Iow a (2 issu es)........................... 4 498 M ontj^om eryCo,. Ohio. 4 SS 9 H ouut V ertion , N . Y . .. 6 88 6 .. N e w a rk , N . J . ...... 4 2 8 6 .. N ew B rita in . C o n n .... 3 *s 4 4 5 .. N obles Co. (Minn.) 8 oh. D istrict No. 1 0 ........... 5 2 8 6 . -N ortham pton, M a s s ... 4 4 9 3 .. N orth B ergen (N, J.) School D is tric t....... . 5 4 4 5 .. N orw alk, C o n n ,....... . 3 hu 3 3 9 .. O herlin, O h io ................ 6 8 8 9 .. 0 .e r lin . O h i o ..... 6 S 89 Ohio U n lv e r., Athene, O hio............................... 5 889.. 0 .a n g e C o., T e x a s ..... 5 498.. 0 .le a n s L e v e e D is., La. 5 49 3 . . 0 .r v ille , O hio.......... . 6 3 3 7 . O shkosh, W is................. 4 337.. 0 .h k o sh , W ls........ 4 3 3 7 . . 0 .t a w a Co., Ohio — . . 6 2 8 6 . . P a ssa ic Co., N. J ........... 4 286 .P a s s a ic Co., N. J ........... 5 445 .P a terson , N. J .............. 4 4 9 9 . . P a u ld in g Co., O hio....... 4 286.. P a w P a w , M ich ... 5 3 8 9 . P e rrysb u rg, O hio......... 4 499.. P iq iia (Ohio) Soli. D is t. 5 445 Pom eroy, O hio.............. 4*2 337.. Proviso, 111....... . 6 4 4 5 . . R am sey Co., M in n ....... 3*3 390 R och ester, N. Y ............... 3*2 3 9 0 . . R o ck Isla n d , III.. . . . . . . 4 446 . . 5 .d d le R iv e r T w o . (N, .1.) School D is t r ic t ... 5 3 9 0 . . 5 .g in a w , M ich .............. 4 3 9 0 . . 5 .le m , Ohio (2 issu e s), 5 3 9 0 . . 5 .le m , Ohio (4 issues). 6 3 90 . .S a lt L a k e C ity , V t a b ... 4 3 9 0 . S an d u sky Co., O hio............ 3 3 8 .. Sharon, O h io ................. 6 390 Sharon. (O.) Sch. D ie t .. 6 3 9 0 .. S h asta Co. (Cal.)L a to n a School D is tric t.......... 7 3 9 0 . . 5 1.k iyo u Co. (Cal.) P eb ble School D is tr ic t... 8 3 9 0 . . 5 .r m g v H K N. Y ------- 4 3 3 8 . . 5 .th e rla n d (la.) School D is tr ic t.......................- 5 2 S 7 .- 8 \vam pscott, M a s s ..,,. 3 % 499 ..T a re n tm n , P a. ,(2 is su es).............................. 5 4 4 6 . . T iillu , O h i o ................... 6 3 38 . T renton , N. J . . . , ......... 4 446 . . Vailsbur<r, N. J .............. 4 ^ 5 0 0 . .W allaW a lla Co. (Wash.) School D ist. No. 1 . . . 5 4 1 7 . W arren T w n ’ p., O h io .. 4*2 2 88 . . W ashington Oo., P a . . . 4 288 W ebb, N . Y ................... . 6 5 91 . . W hitm an Co. (Wash.) School D ist. No. 37 .. 8 33 9 . . W ilco x Tw p. (Mich.) School Disn-iet No. 1 . 6 339. -W ilkesbarre (Pa ) Soh. D is tr ic t......................... 5 447.. W orcester, M aes........ .................... Y Price, 10567 101*309 110-459 101153 100 103*765 110151 104-69 5,000 101-64 107*461 Sept. 1,1904 30,500 11903-1038 104*06 325,000 j 104-1 108*204 11,000 1899-1908 91.000 1918 15.000 >\ 103 125 1918 15,000 121*673 1904-1918 104-20 1903-1909 30,000 102-70 1900-1901 100,000 15,000 10-17 1918 103*628 *1902 74,200 103 089 18,000 101-60 5,500 111-333 Aug. 15,1913 15,000 Aug. 1,1913 7,000 105-764 Sept. 1,1918 15,000 .102 1899-1903 50,000 105*825 100 Sept, 2, 1903 Aug.1903 1, 1918 200,000 100 45,000 8,500 101*05 1903-1909 101*752 70,000 1899-1908 47,000 7 111*108 1899-1918 2,015 j 1899-1903 100 575 Sept, 1, 1918 500,000 103*833 6,000 109 25,000 003 5,000 114-03 1899-19i8 1,500 105*333 1899-1903 1,000 104 1899-1903 4,8i0 10405 1903-1927 2,000 105*2776 101*15 1901 -1904 100,000 1928 106*212 11908-1928 24,000 113*05 25,000 106*278 Sept, 1,1908 72,000 Sept. 5,1908 40,000 105-13 1913-1928 101*75 1908 80,000 5,000 102-52 1809-1908 500,000 1901-1926 109*74 1904-1912 16,000 116*012 500 100-30 1903 1900-1914 2,500 102 112-32 35,000 106*25 Apr.*1913 1, 1907 200,000 4 Total (129 municipalities, covering 158 separate of issues)................... Aggregate 9ales for which -....................$11*613,952 no price has been reported (30 municipalities, covering 30 separate issues)....................................... 582,473 _Total bond sales for August, 1898...........{$12,196,425 * Average of maturity, to call In and$1,302,600 after the earlier year ofanddates mature in the latert Subject year. I Not including ofIf Issued temporary loans reported and which do not belong in the list. to contractors in payment for work done. §Less a commission. In the C hronicle of August 6, 1898, page 284, a list of July bond sales amounting to $7,836,563, will bo found. Since the publication of that state ment we hare received the following additional reports: a d d it io n a l J uly B ond Sa les. M aturity. A m ount , Price. $10,003 104*559 334.. Amsterdam, N. Y........ 335 Erne worth (Pa.) School 8,500 102 5 1899 1915 District...................... 336..Kendrick (Idaho) Sell. 1908 4,000 102075 District No. 24......... 6 444..Lo» Angeles Go. (Cal) 6 1899-1903 1,500 102-823 SanFernandoSeh.Dis. 339.. Wyandot to (Mich.) Sell. 5 1903-1912 8,000 107*575 District.................. Total additional sales for July...................... . S32.000 Page. Location. [VOL. UXVII Pate. These additional loans will make the total sales (not including temporary loans) as reported for July 1898 amount to $7,868,563. T illag e Of R ichm ond H ill,* 70,000 4 % reg . s tre e t Im p ro v em en t b o n d s (so m etim es (.•Allot! th ird issu e), d a te d M ay 1,1807. A lso flSO.OOO <1$ re g iste re d tMdewulk bonds, d a te d J u n e 1.1897. T ow n o f M iddletow n . R ich m o n d C ounty, 528,000 4* re fu n d in g b o n d s, d a te d O ctober 8, 1 m9L T illa g e of W h ite sto n o . 550,000 ro a d b onds, d a te d D e c em b e r l , ISfD, V illage o f T o tte n v llle , 430,000 w a te r bonds, d a te d S e p te m b e r 1. 1897. On August 31, 1898, the following bonds were declared legal: Jam a ic a U nion F re e School D istric t N o. i , *125,000, d a te d S e p te m b e r 10.1897. a n d payable *5.000 an n u a lly , c o m m en cin g in 1950. N ew Ijois. tow n im p ro v e m e n t bonds, fo r p aving A tla n tic A v e n u e : b a la n c e of issu e a m o u n tin g to *54,000. an d d a te d M ay 19,1850. Oregon..—Status of W arrant Not Yet Determined.—We quote from the Portland “ Oregonian”as follows: “ The status of the $35,000 warrant issued in payment for a branch asylum site in Eastern Oregon, yet to be determined by the State Treasurer, is a subject of interest to lawyers here. The Supreme Court rendered an opinion holding that the Treas urer should he perpetually enjoined from paying it. Upon request of counsel for the holders of the warrant, the cause was remanded to allow the filing of an answer. The lower Court accepted stipulations and made an order authorizing the payment of the warrant. State Treasurer Mrischan has not yet passed on the matter. It is held by some that he will not be warranted in taking up the paper while the Supreme Court decision stands uureversed, notwithstanding the order of the lower court. The warrant and interest amount to about $33,600.” Sacramento County, Cal.—Bonds Invalid.—Oa May 10, 1898, E. E. Gaddis, Superior Judge of Yolo County, handed down a decision in which he stated that the Board of Super visors had not the power to levy and collect a tax for county road purposes on property situated in a municipality within a county. The Supreme Court recently affirmed this de cision, which affects an issue of $75,000 44 Fulsom Highway bonds sold last February. The Supreme Court finds that the powers of the Supervisors are restricted on road matters to the country portion of the county and not within the limits of municipalities, and the levy of the special tax would fsll upon property-owners of the corporate cities as well as those of the country districts. By levying a tax to pay for these bonds tbe Supervisors did indirectly what the law. prohibits doing directly—tax municipalities for road work of a district. San Francisco, Cal.—Bond Litigation.—We take tbe fol lowing from the San Francisco “ Chronicle” of Aug. 23, 1898: A decision re n d e red y e ste rd a y b y J u d g e M orrow in th e U n ite d S ta te s C irc u it C o u rt d elays fo r a tim e tb e p a y m e n t of In te re s t d u e on th e M ontgom ery A v e nue bonds and tb e red em p tio n o f th e b onds th e m se lv e s. T h e delusion is a n im p o rta n t one, th e e n tire a m o u n t in vo lved b e in g m ore th a n *3,000.4)00. T h e history o f th e bond Issue and th e su it In q u e stio n is to th e effect th a t o n ’A pril 20,1872, an A ct o f th e C alifo rn ia L eg isla tu re w as a p p ro v ed w h ich p ro v ided th a t th e city a n d c o u n ty o f 9un F ran cisco co u ld issu e bonds to m e e t th e expense o f opening M ontgom ery A venue. T h e A ct w as passed i» resp o n se to a p e titio n signed by a m a jo rity of th e p ro p e rty ow n ers a»onf? th e proposed stre e t, an d pro vided th a t th o se p ro p e rty ow n ers should he a ssessed eaob yewr to pav th e interest, coupons an d fo r a sinking fu n d to red eem th e b o n d s a t m a tu rity . A fte r th e Act. was a p p ro v ed by th e C ounty C ourt. 1,.179 b o n d s w ere issu ed , payable th irty y e a rs a f te r d a te , un less o th e rw ise re d e e m e d , b e a rin g in te re s t a t <3.<, p ayable sem i-an n u ally . T h ese b o n d s w oro sold to th e h ig h e st b id d ers a fte r being a d v e rtise d . S ep tem b e r 21,1874, th e B oard o f P u blic W o rk s th a t had charge o f th e w ork tra n s fe rre d th e a v e n u e to th e city a u th o ritie s , it h a v in g been co m pleted by m ean s o f th e m o n ey realised from th e b o n d sale. Ja b o b Slcbel. a re s id e n t of G erm any, pu rch ased tw e n ty of th e b o n d s and, n o t receiv in g any in te re s 1 on th e m , b ro u g h t a s u it in e q u ity lu th e U n ited S ta te s C ircuit C ourt d u rin g th e m ay o ralty o f A dolph S u tro a g a in st th e M ayor, th e B oard o f P u b lic W o rk s, B oard o f S u p erv iso rs, c ity aud c o u n ty o f S an F ra n cisco, its T re a s u re r and Tax C ollector, an d 15,000 o th e rs, alleg ed to be o w ners of p ro p erty on M ontgom ery A v en u e. T h e s u it w as to com pel th e citv officials to le w assessm ents on th e p ro p e rty h o ld ers as p ro v id e d by th e act th a t th e In te re s t m ig h t be paid o n tu e bonds. T h e bill In eq u ity sets fo rth th a t fro m 1873 to 1879 ta x es w ere le v ie d su fficien t to p a r in te r e s t on all c oupons u p J a n u a ry , 1880, an d th a t th ee# ta x e s w ere paid; th a t each su b oquon t y e a r Tjnb S u p e r v iso rs w ore called upon by th e p lain tiff to le v y a ta x u pon th e ia tn ?su fficien t to pav th e In te re st, b u t th e B o a rd did n o t do so; th at, on J u ly 1 ,1S9L, th e T re a s u re r h id on bund ^12,818 *01u th e sin k in g fun d, b u t ro fu sed to a d v e rtise fo r th e red e m p tio n o f th e bonds, an d u n d e r re so lu tio n o f th e B o a rd ©f S u p erv iso rs tra n s fe rre d th e a m o u n t to th e g en eral fu n d o f th e C ity T re asu ry an d su b se q u e n tly o th e r sm a lle r sum s m o t th e sam e fa te . T h e plain tiff ask ed fo r a decree th a t th e principal an d in te re s t o f th e M ontgom ery A venue b o n d s be a lie n u p o n th e p ro p erty d escribed in S ection 4 o f th e A c t re fe rre d to a u d th a t th e p ro p erty be liable fo r asse ssm en t fo r th e p a y m e n t o f th e principal a n d In te re st o f th e bonds. A tto rn e y n rw w e ll, re p re se n tin g th e officers o f th e oity a n d c o u n ty o f San F rancisco, n a m e d * ! d e fe n d a n ts in th e bill, in terp o sed a d e m u rre r on g en eral g ro unds th a t th e actio n w as n o t o ne o f e q u ita b le cognisance, and th a t th e b ond h o ld er had an ad e q u a te rem edy n l law an d th a t th e officer* o f th e city sh o u ld be com pelled to a c t If at. all, th ro u g h th e S ta te c o u rts. H e fu rth e r held th a t a d e c re e based upon th e Will iu eq u ity w ould be fu tile , us it could d e c la re n o th in g m o re th a n th e s ta tu te declare* and w ould n o t e n fo rc e th e s ta tu te , an d , fu rth e r m ore, th a t eq u ity w ould n o t aid a sta le claim , th e fa c t o f tb e p la in tiff m aking no a tte m p t to ootuuel th o S u p erv iso rs to n e t d u rin g th e past s ix te e n year* a m o u n tin g to acquiescen ce In th o fa ilu re o f th e B oard to a c t a u d th e ir reason* ^ T h e C o u r t su sta in e d th e d e m u rre r an d d ism issed th e case, leav in g th e p la in tiff fre e to find h is rem e d y elsew here. O ne im p o rta n t p o in t decided Is th a t te e b onds do n o t a c t as a lie n o n th e p ro p erty e x c e p t by m oan* o f re g u la r a sse ssm en ts m a d e by th e m u n icip a lity . Kootenai County, Idaho.—No Action Taken to Test Le aality of Bonds.—Referring to our item in the CHRONICLE of Alar 21, 1898. p. 1010, where we stated that the Board of Tacoma, Wash. — Warrant Litigation. — The Tacoma, County Commissioners had ordered the County Treasurer to “News” on August 35,1898, Btated that another warrant suit cease paying interest on the $80,000 bonds issued in 1892, had been commenced against the city and another petition pending legal action to test the validity of the bonds, we are filed asking that the City Treasurer b9 restrained from using. now advised that the case has not yet been taken into Court; September 3, 189S. ] HE CHRONICLE. any of the city funds until plaintiff’s warrants had been fully paid. The suit is brought by the Quaker City National Bank of Philadelphia, which holds about $100,000 of the alleged ille gal Boggs warrants. Substantially the same question is inrolved in all the suits recently filed, the effort being to have the courts compel the city to pay what . tli© city claims has once been paid. The injunction asked for against the Treas urer will probably be heard Saturday, August 27, 1898. B o n d G a lls and R edem ptions. Astoria, Ore — Warrant CaU.—City Treasurer Carney has called for payment all warrants drawn prior to March, 1898. Easthampton, Mass. -Notes .Redeemed.-The Town Treas urer has redeemed two water notes amounting to $3,500. The water debt now remaining is $30,000. Henry County, Mo.—Bond Coll.—The County Court has called for payment at the County Treasurer’s office in Clinton, on September 2, 1898, court-house bonds Nos. 1 to 8, inclu sive. Securities are in denomination of $500, dated March 1, 1892, with interest at 8£. King County (P. 0. Seattle), Wash.— Warrant Call.—It is reported that County Treasurer Whittlesey is about to issue a call for 541,000 of outstanding school warrants. Lockwood School District, Dade County, Mo.—Bond Call. —The district has called for payment the following bonds : N os. 1 an d 2 o f $100 each , d a te d A ugust 1. 1832. an d b e a rin g in te re s t. P a y able a t th e D ade C ounty B a n k o f G reenfield o n O c to b e r 1, 1898. B uilding bond No 8 fo r $50i», d a te d A pril 1. 1885. a n d beariD g 8* in te re s t. P a y a b le a t th e B an k o f L ockw ood o n O c to b er 1. 1888. R e fu n d in g b onds N os. 3. 4 and 5. d a te d S ept. 1. 1884, a n d b e arin g 8 % in te rest. P ayable a t th e L aclede N a tio n a l B ank, S t. L ouis, on O ct. 1.1898. Pierce County, Wash.— Warrant Call.—The County Treas Stephen Jndson, has called for payment special school warrants of School District No. 10 from No. 27 to No. 41, in clusive, dated May 5, 1898 ; also warrants Nos. 5009 to 5011, both inclusive, dated August 13, 1898. Interest will cease after August 30, 1898. The County Treasurer has also called for payment war rants on General County Fund of Pierce County from No. 3701 to 5536, both inclusive, dated in 1896. Interest will cease after August 30, 1896. Also a number of warrants of various school districts in the county, interest on which will cease after September 1, 1898. Seattle, Wash.— Warrant Call.—A. H. Foote, City Treas urer, has called for payment at his office August 31, 1898, the following warrants: Twenty-third Avenue South, Ordinance No. 4837, warrants Nos. 686 to 690, inclusive ; Eighteenth Avenue. Ordinance No. 4875, warrants Nos. 652, 653, 654 ; Yesler Way, Ordinance No. 4737, warrants Nos. 702, 703, 704; East Jefferson, Twentieth and Twenty-first Avenues, Ordi nance 4760, warrant No. 598. Stockton, Cal.—Bond Call.—The folio wing bonds of various municipal improvement funds have been called for payment: u re r, No. 1. B onds Nos. 38 to 40, Series 8. No. 2, B onds N os. 22. 23 a n d 24. Series 8 . N o. 3, B onds Nos. 15 an d 10. Series 8. N o. 4, B onds N o. 23, 23 an d 24, Series 8. N o. 5, B onds Nos. 13 a n d 14, S eries 7. Interest on all of said bonds will cease September 10, 1898. Washington.—Warrant CaU.—State warrants No. 26,651 to No. 28,930, inclusive, on the general fnnd, have been called for payment September 7, 1898. Amount of call, $43,261 76. Bond Proposals and Negotiations this week have been as follows: Andover (Village), N. ¥.—Bond Bale.—On August 24,1398, $20,0i0 4; refunding bonds were sold to W. W. Miller, Cashier First National Bank of Wellsboro, Pa., at 106-275. Other bidders were Comptroller of the State of New York, 105-875; W. J. Hayes & Sons, Cleveland, 101*41, and Peter Dn Puy, NuDda, 106-25. Principal will mature $40J yearly, from 1899 to 7918, and $12,000 in 1918. Arkansas City, Kan.—Bonds Authorized.—The City Coun cil has passed an order authorizing the issuance of the$95,000 water-works bonds which were voted on August 12, as told in the Chronicle of August 20, p. 386. Ballston Spa (N. T.) School District.—Bonds Voted.—At an election held on August 24, 1898, the people voted to issue $40,750 school bonds. The details of the issue will be deter mined later bv the Board of Education. Bellevue (Borough), Pa.—Bids.—As stated in the C hron icle last week, the $43,000 4% sewer bonds were awarded to William Bell & Co., Pittsburg, at 103-03. The following bids were received: W m . M. Hell, H tts b u rtt.................10.T0S l \ l e i . G. U utegraO . P itts b u rg -. ,100'75 R obinson B ros., P ittsn u rg ........108 023 I J ob. m . B row no. P itts b u rg .. ..100-110 Juo. K. BryOen. P itts b u rg ........ 102114 I Real Estate Sav. Bk„ PltUburg.lOO tO D ick B ros. & Co . P h ila d e lp h ia . .10^-09 W . .1. H ay es * S o ns (less *175). .1001 0 M e rc a n tile T ru s t Co.. P ittsb u rg . 101‘dS I Heal Estate Savings Bank, Pittsburg, bid for $10,000 bonds at 100-50. Bennett, Pa.—Bond Election.—At the election to he held Nov. 8, 1896, the question of issuing $25,000 of bonds for an additional pump and a larger engine and dynamo so as to in crease the power of the electric-plant will be submitted to a vote of the people. The question of building a town hall is also being considered. Bountiful (Davis County), Utah.—Bonds Votei and A u thorized.—At a special election held on August 20, 1898, this city was authorized by a majority vote of the qualified elec tors thereof to issue $10,000 6-i coupon water-works bonds. Securities will be in denomination of $500, dated September 1, 1398: interest will be payable March 1 and September 1 at 497 the Deseret National Bank, or its successors, Salt Lake City. Principal will be due and payable at the office of the City Treasurer of Bountiful September 1, 1918. Bonds will be free from taxation. Date of sale has not yet been determined. Breckenridge (Town), Col.—Bond Offering.—Proposals will be received until 8 P . M. September 6, 1898, by Jas. K. Darnell, Town Clerk, for the $35,000 6% water bonds which were authorized at the election held on July 25, 1898. Se curities will be in denomination of $500, dated September 1, 1898; interest will be payable March 1 and September 1 at the office of the Town Treasurer. Principal will mature September 1, 1913, subject to call after September 1, 1908. Each bid must be accompanied by a certified check equal to 2£ of the amount bid for. Cairo, 111.— Warrants Not Yet Sold.—We are advised that none of the anticipation warrants maturing in 1900 and 1901, the offering of which we gave in the Chronicle of August 20, have yet been sold, nor have any bids been received above par and accrued interest. Canton, Ohio.—Bond Offering.—Proposals will be received until 12 ii. September 19, 1898, by Louis N. Ley, City Clerk, for $15,000 coupon water-works refunding bonds. Securi ties will be in denomination of $1,000, dated September 1, 1898; interest will be at not more than 5%, payable March 1 and September 1 at the banking house of Kountze Brothers in New York City, or at the office of the City Clerk of Can ton, at the option of the buyer. Principal matures Septem ber 1, 1908. Bonds are issued pursuant to Section 2701 of the Revised Statutes of Ohio and an ordinance authorizing this issue August 8, 1898. Each bidder must accompany his bid with a certificate from the First National Bank of Can ton, showing that he has deposited with said bank $500 as a guaranty of good faith. Bids must be made on blank forms furnished by the city. Cattaraugns (Village), N. Y.—Bond Offering.—Proposals will be received until 1 p . m . September 5, 1898, by F. S. Oakes, President of the Board of Water Commissioners, for $6,0C0 4i water bonds. Securities will be iu denomination of $500, dated September 1, 1898; interest will be payable semi annually at the Seaboard National Bank, New York City. Principal will mature $500 yearly on July 1, from 1899 to 1910, inclusive. Bonds were authorized at the election held on March 15, 1898, and also by resolution of the Board of Water Commissioners passed at a regular meeting of said Board held on February 22, 1898. According to the official circular this village has never defaulted In the payment of any of its debts or obligations at their maturity. Chicago, 111.—Rond Offering.—Proposals will be received until 3 p . M. September 12, 1898, by R. A. Waller, City Comp troller, for $100,000 3 }0 gold refunding bonds. Securities are dated October 1, 1898, and mature October 1, 1918. They are in denomination of $1,C00, with interest payable April and October at the American Exchange National Bank, New York City. A certified check for 5%of the amount of bonds applied for must accompany proposals. Cleveland, Ohio.—Proposed Bond Issue.—Local papers re port that this city is considering the issuance of $500,000 of river improvement bonds. Cohoes, N. V.—Bond Offering.—On September 6, 1898, at 12 m ., Miller W. Hay, City Chamberlain, will offer for sale, at his office in the City Hall, at public auction, a $1,933 18 4% registered municipal bond of the city known as “ Public Im provement Bonds of the City of Cohoes,” dated September 15, 1398; interest will be payable January 1 and July 1 at the office of the Central Trnst Co., New York City. The prin cipal of said bond will mature January 1, 1905. Terms made known at time and place of sale. This bond is issued pur suant to Chapter 227, Laws of 1898. Columbia, Mo.—Proposed Bond Election.—An election will be held in this city on September 27, 1898, to vote on the proposition to issue $25,000 of sewer bonds. Columbus, Ohio.—Bond Issue.-Relative to the proposed issuance of $5,000 Third Avenue improvement bonds and $3,500 Marshall Avenue bonds, mention of which was made in last week’s Chronicle, we are advised that all city bonds have been tendered to the Trustees of the Sinking Fund and accepted. Condon, Ore.—Bond Election.—An election will be held to day (September 3, 1898). to vote on the question of issuing $3,1 00 water-works bonds. Conneautville (Borongh), Pa.—Proposed Bond Issue.— The Borough Council has under consideration the issuing of water-works bonds. We are advised, however, that nothing definite has been settled in the matter. Coshocton, Ohio, —Bond Offering.—Proposals will be re ceived until 12 m. September 5, 1898, by F. F. Wagner, Vil lage Clerk, for $22,500 6% street-paving bonds. Securities will be in denomination of $1,500, dated September 5, 1898; the first instalment of interest will be payable March 1 1900, and the remaining instalments thereafter on March 1, and September 1 at the Commercial Banking Company Bank, Coshocton. Principal will mature $1,500 yearly on Septem ber 1 from 1900 to 1914, inclusive. Bonds are issued under authority of a city ordinance passed July 15, 1898, entitled “An Ordinance to improve Main Street,” etc., and pursuant to sections 2267, 2704 and 2705, Revised Statutes of Ohio. Each bid must be accompanied by a certified check for of the gross amount of bonds bid for. Delphos (Village) Ohio.—Bond Offering— Proposals will be received until 12 m . September 27,1898, by W. R. Cochran, Jr., Mayor, for $>,000 5% water-works bonds. Securities will THE CHRONICLE. 498 [LX VII. Philip F. Kelly. Philadelphia..,103-705 W. J. H Sons. Clove....,101*37 be in denomination of $1,000, dated October 1, 1851$; interest l)an. McNum» r M<>adv.(*3,000) (Oii-80 Denison, Prior A Co., Clove 101-38payable semi-annnallv at the Fourth National Bank, New Cyrus Dio* Bros X Co. Philadelphia.,.1000» Lrmiprecht Bros. Co., Clove 101-83 Pieros. Pblla (*76,OOP)..,10307 A. Kean, Chlcouo ...... ......101'25 York City. Principal will mature $1,000 yearly on October T. Nichols, Memlvllle (*S.OOlS)..102000 8Mason, Lewis & Co.. Boston....101-10 I, from 1916 to 1920, inclusive. Bonds are issued pursuant to C.HoylMcLaughlin, Mendrlllp........101*715 N VV. Harris & Co.. N. Y .........101'0#25 Major. Phlla. (*78,000) ..101'52 Merchants* Vat.Bank 1*10.000)101'00 sections 2835, 2886 and 2837 of the Revised Statutes of Ohio, j E. il. sGay A Co., Philadelphia-.101*315 L. 8. Tylor (local, *5,000) ..... lOO’OO and an ordinance passed the 9th day of August, 1898, author mature October 1, 1928, subject to call after Octo ising their issue. These bonds were voted at an election held berBonds 1903. For further description of bonds see Chron on August 8, 1898; the vote was 285 for and 60 against their icle 1,August 27, 1898, p. 444. issuance. A deposit of 2;{ of the total amount of bonds will Mercer County, Ohio.—Bids.—As stated in last week's be required. C , the $14,500 road and ditch bonds of this county Dexter, Me.—Bonds Proposed.—This town is considering were awarded on August 19 to Spitzer & Co., Toledo, at the issuance of water-works bonds. Dnnmore ( Pa.). School District.—Bond Sale.—On August 110-151. Following are the bids ; 25, 1898, the $5,000 I f school bonds were awarded to Edw. Spitzer A Co., Toledo................ $1,472 Briggs, Smith A Co., Cincinnati..$1,451 A Co., Cleveland. 1,471 |Seasongood A Mayer, Cincln ... 1,-115 C. Jones Co., New York, at 102T8. Following are the bids : DeuLoti.Prior Rudolph Kleyholte A Co.,Ctucin. 1,-170 [ Citizens’ Banking Co., Cellua..... 1,260 E dw . C. Jo n e s Co.. Now Y o rk ...,102*18 | T . J . H u g h e s (local, fo r $2 ,0 0 0 ).... P a r Commercial Bank, Celinu.......... 1,462 [ Farson, Leach A Co., Chicago___ l.OCK} IV. J . lltiy e s A Sons, C le v e la n d .. 100*10 | F. F . S w artz (local, fo r $500)...........P a r The $5,000 Frysinger road improvement bonds will mature Bonds mature in 1912, For further description of bonds $500 yearly on September 1 from 1899 to 1908, inclusive. The see Chronicle August 20, 1893, p. 338. Eelchart road improvement bonds will mature on Sep Eaton Rapids, Mich.—Bond Sale.—The sale of $25,000 Iff $7,000 1, $500 yearly from 1809 to 1901, inclusive, $1,000 in water bonds to Michigan State Bank, at 101-2004, was re tember 1912, $300 in 1903, $1,000 in 1904, $510 in 1905, $1,000 in 1906, cently reported. and $1,000 in 1908. The Mercer County Dilch Elbow Lake (Village), Minn.—Bond Sale.—On Augnst29, $500 inwill1907 mature >5.0 on September 1 yearly from 1900 to 1898, the $4,000 5;f water-works bonds were awarded to bonds 1904. inclusive. All of above bonds will bear date of Sep Martha J. Cullen at 103T75. Following are the bids : tember 1, 1893, and interest will be payable semi-annually at M a rth a J . C all o n ......... .. .............. ,..$4,127 I M inn. L oon & T ru s t C o............. ,.,.$4,050 the County Treasurer's office. J . C b.N orton, St. P a n !.................. -1,120 I D u k eM . F a rso n . C h ic a g o .. . . . . . . . 1,020 F irs t N a t. B ank, Elbow L a k e .. . 4,060 I E W . P o et, S t. P a u l........................... *,000 Registered.—The State Auditor on Aug. K an e A Co., M in n eap o lis............... 4,055 | S. K ean , C hicago......... ................ 3,980 25,Missouri.—Bonds 1898, registered the following bonds issued by various Bonds mature $500 yearly on September 1 from 1908 to 1915, school districts : inclusive. For further description of bonds see Chronicle, Cooper Comity School District No. 1,40,16, four Q%bonds of $250 each, dated September 1, 1898. August- 20, 1898, p. 388. Clay County School District No. 3, 63, 82, four 0% bonds of $300 each, dated Everett, Mass.—Bond Sale.—On August 29, 1898, the $10,- AugustCounty 15,1898. School District No. 3, 20, 13, one 3% bond for $500, dated 000 25%- year water bonds, which were recently authorized Pemiscott August 15. lMK by the Board of Aldermen, were sold to Blake Bros. & Co., Callaway County School District Ko. 1, 46.11, tvro $50 bonds and one $75 bond dated September 1, 1898,and bearing 6;S interest. Boston. County School District No. 4. 40, 5, two $116 67 bonds and one $116 66 bond, issued August 10,1898, and bearing 8$. Fresno County (Cal.) Henningliaus School District.— Jefferson Bond Sale.—Local papers report that $1,400 bonds of this Montgomery County (V. 0. Dayton), Ohio.—Bond Sale.— district have been sold to Robert Effey at 107-25. The following'bids were received on August 25, 1898, for the Galesville (Village), Wis.—Bond Offering.—Proposals will $71,000 4% bridge bonds be received until September 5, 1898, for the $3,000 a% water German Nat. Bank, Cincin...$72,26l 00 I Farson, Leach ACo.,Chicago.$71,637 57 Smith A Co , Ciucin.. 71,900 00 |Denison. Prior A Co.. Clave.. 71,536 00 works bonds recently authorized. Securities will be in de Briggs, Seasongood & Mayer, Clncln. 71,737 00 { Mason, Lewis A Co., Chicago. 71,380 5& nomination of $5C0; interest will be payable September 1 at New First Nat.Bk,, Columbus. 71,735 00 I R. Kleybblte A Co., Cmein 71,365 00 the Village Treasurer’s office. Principal will mature $500 Principal will mature $18,000 on September 1 of the years yearly from 1907 to 1912, inclusive. H. L. Bunn is the Vil 1931, 1902 and 1903 and $17,000 September 1,1904. For de lage Clerk. of bonds see C July 30, 1898, p. 242, Graham County, Kan.—Bond Sale.—We are advised that scription Montour Falls, N. Y.—Bond Sale.—The sale of $33,Q0q the $10,000 bon (is,"to which reference was made in the Chron bonds to Street, Wvkes & Co. at par, as 3-65 per cents is icle of August 20, p. 388, are being purchased by the Farm reported. ers’ & Merchants’ Bank of Hill City. Mount Gilead (Village), Ohio.—Bonds Defeated.—A t art Hyde Park, Mass.—Bond Sate.—On August 29, 1898, the election held on August 27, 1898, the proposition to issue $25,000 Library Building bonds were awarded to George $38,000 electric-light and water-works bonds was defeated, A. Femald & Co., Boston, at 105-17. Following are the bids: but as there was only a light vote polled the people are con Geo. A . F e rn a ld A Co., B o s to n .. 105*17 I B lak e B ros. & C o .,B o sto n ,........104*27 E stnb rook & Co„ B o sto n ...........104*649 | D . W . H o w la n d & Co., B oston. 10-4*155 sidering holding another election in the near future. Muskegon, Mich.—Bond Issue.—The city has issued $4,C ushm an. F ish e r A P h elps,B o& .l04*599 i Jo se , P a rk e r & Co., B o sto n .. ...104*1895 E. H . R ollin s A Son. B o s to n 104‘59 | R , L . D ay A Co., B o s to n .... 10-4*139 123 88 one-year improvement bonds to the holders of old B lo d g et, M e rritt A Co., B o sto n . 104*577 l P a rk in s o n A B urr, B o sto n .. .104*07 bonds now matured. A d a m s A Co., B o s to n ....................104*43 R u d o lp h K Jtiybolte A Co., C ln. 103*93 N . W . H o rn s A Co., B o s to n — .104*835 | 8. A . K ean, C h ic a g o .............1 0 2 * 2 5 New Britain, Conn.—Bond Offering.—Proposals will be Principal will mature yearly on May 1 as follows: $2,000 received until 8 P. h . Saturday, September 10, 1898, for $50,from 1899 to 1903, inclusive, and $1,000 from 1904 to 1918, in 000 i% sewer-construction bonds. Interest will be payable clusive. For description of bonds see Chronicle of last February 1 and August 1 at New Britain National Bank. Principal will mature August 1, 1925, subject to call after week, p. 443. Jackson, Miss.—Bonds Authorized.—The City Council has August 1, 1910. G. C. Dunham is City Engineer. authorized the issuance of $20,000 ii%20 year bonds. Of these North Bergen (N. J.) School District.—Bond Sale.—The bonds $18,400 will be for the construction of bridges and the district has awarded $20,000 5%school bonds to the Hudson remaining $1,600 for school-building purposes. The bonds Trust & Savings Institution at 111-73, Following are the bids: Trust A Sav. Inst . ,.11L*73 I Wbauu A Scblesincrer. N. Y -----108*75 will be issued at the meeting to be held on October 4, 1898. Hudson C. Jones Co., New York— 109*301 R. B. Smith A Co., New York. ..108*73 Jewett, Texas.—Bonds Registered.—On August 23 the Edw. Bertron A Storrs, New York....109 26 | K. D. Shepard A Co., N. Y .......108*475* A Eventt N. Y.,.........109*173 j George M. Habn, New York___108*54 State Comptroller registered $2,760 school bonds of this city. Benwell Leach A Co., N. Y ........108‘8?9 D. A. Moran A Co., New York. ..107*789 La Porte, Ind.—Bonds Voted.—The people of this city Farson, Walter Stanton A Co., N, Y ., .,,.108*895 | have voted to issue water-works bonds. We are advised that Orleans Levee District, La.—Bond Sale,—On August 25, no details of the issue have yet been determined upon. 1898, $270,00 i of the 5% bonds of this district were awarded Lee County (P. 0. biddings), Texas.—Bonds Registered to M. H. Sullivan, Pensacola, at 104‘04, and $5,000 at 104-16. and Sold.— On August 25, 1898, the State Comptroller regis The remaining $50,000 of this issue were awarded to the tered $40,000 fcourt-house bonds of this county, and on the Germania Bank at 104-05. Following are the bids: same date $35,000 of the bonds were sold to the State Board M. IT.Sullivan..Savings$5,0000104*10 ( $50.0000101*50’ of Education. 320,000(1® 104*04 New Orleans Nat.Blc. 50,0000101*00 fiO.OOOf.n 104*05 ( 50,0400100*60 Lincoln, Neb.—Bond Sates.—The city has sold $1,500 ad M .H . Sullivan. 50,0000103*88 Columbia Deben.Co. 22,0000108*00 ditional of the $139,500 4y2% refunding bonds at par. The 01‘,0000103 *63 Dr. W. G. Owen..... 10, 00001102*00 20,000®101*60 Louisiana Deb. Co... total amount of this issue sold to date is $79,500. The city German iu 8av. Bk , 25,0000103*25 50,0000101*00 Hibernian Nat. Bk.. ( 50.000® 101-126 has also sold to Isaac M, Raymond of Lincoln the % issue of 50,0000103*75 t 60,0)00101*64 l 50,0000 103*50 Firemen's Charit paving bonds for Districts Nos. 1 and 2 at 102. The amount I 60,0000101*32 able Association.. 4,000®104*00 of the bonds will be determined later as the improvement f 10,0000) L01*50 60.0000 H‘l*45 ! 6O,O(M0 101*54 Ed. Eisenhauer , f 10,0)00102*00 progresses. IsadoreNewman ... ' 60,0000101*81 j 10,0000102*50 Long Branch (N. J.) School District.—Bond Offering.— 76.0000102*03 l 10,0000103*00 50,0000102*27 Chas. Hernsbeim — 100.0000101*25 Proposals will be received until September 30, 1898, for $45,- N. W . Harris A Co. ( 325,0000101*63 Stanton A Littlefield 25,0000101*00 000 5;J High School bondB. Principal will mature 32 years State Nati inal Bk.. f SVB.0010101*0025 f 5,0000101*75 J 5,0000102*00 50.0000100*00 from date of issue. i 50,0000100*50 Horatio Lnnge........ 1 5.001®102*25 60,0000101-00 { 5,(1000102*50 Manchester, N. H.—Temporary Loan —This city has ne Louisian i Nat . Bk. 100,0000 101*50 H C. Cane............. ' 15,0000101*50 gotiated a $50,000 3 months’ temporary loan with George i 50,0000102*00 Eugene Chaasniol. •• 3,000® 103*25 5,0000.102*50 Mixter, Boston, at 2‘96%. 125,0000'03*0626 Jos. A.Guaeh ........ Germania Nat. Bk 30,''0:-Obi 02* 5626 John Klein............. 5.00001100*54 Manchester, Va.—Loan Authorized.—At a special meet H. & B. Beer. 30,0000101*5025 ing of the City Council held August 30, 1898, a loan of $9,000 .....! 30.0000 100*5626 was authorized to meet the cost of constructing an overall For description of bonds see C Aug. 13,1898, p. 337. factory. Orrrille (Village), Ohio.—Bond Sale.—On August 30. Maricopa County (Ariz.) School District No. 50.—No 1898, the $11,000 6$ Market Street improvement bonds were Bond Issue.—It has been reported that $1,500 school bonds of awarded to the Lamprecht Bros. Co., Cleveland, at 108-304. District No. 60 of this county were recently authorized, but Following are the bids: upon inquiry we learn that no such bonds will be issued. I.aimirm-hl. Bros. Oleve. .$11,003 60 1 R udolph KlOYboItafc Co., C ln .tll,868 Meadville, Pa.—Bond Sale,—On August 31, 1898, the O rrvilie Banking C o............. 11,900 0 0 1W . .J. H a yes « Sons C le v e — I I , S2 35 A bid of 108-50 was received from S. A. Kean, Chicago! $153,000 4% water-works bonds were awarded to Philip F. providing the population reached 2,000, and the village not Kelly, Philadelphia, at 103-765, Following are the bids utch a h h r o n ic l e A. h r o n ic l e h r o n ic l e C o ., 70 499 T H E C H R O N IC L E S eptember 3,1898. | having the required population the bid was not considered. nomination of $504 74, dated September 1, 1898; interest will Bonds mature §1,000 yearly from 1899 to 1907, inclusive, and be payable annually. Principal will mature $504 74 yearly September 1 from 1899 to 1908. $3,000 in 1908. For further description of bonds see C h r o n onSan Luis Obispo, Cal.—Bond Election.—An election will icle August 6, 1898, p. 286. be held in this city on September 5, 1898, to submit to the Paulding County, Ohio.—Bond Sale—Press reports record people the question of issuing $36,000 gold sewer bonds. If the sale of §74.2( 0 5*1 4-year average turnpike bonds of this bonds are issued they will bear interest at the rate of 5 per county to W. J. Hayes & Sons, Cleveland, at 103'628. payable semi-annually. Principal will mature $900 Piqua (Miami County, Ohio.) School District —Bored cent, from 1899 to 1938. Sale.—On August 26, 1898, the $15,000 o% school bonds were yearly San Mateo, Cal.—Proposed Bond Election.—It is reported awarded to the Piqua. National Bank at 111 '333. Principal that election will be held in this place some time in Octo will mature August 1,1913. For description of bonds see ber toanvote on the question of issuing water-works bonds. C August 20, 1898, p. 389. Date for holding the election has not yet been determined. Poeomoke City, Md.—Bored Off.ering.—Proposals will be Schenectady, N. Y —Temporary Loan.—This city has ne received until 2 p. . September 21, 1898, by the Mayor and gotiated a temporary loan of $9,000 with local banks in an Council, for $25,000 5%water and sewer coupon bonds. Se ticipation of the collection of taxes. curities are in denomination of $1,000, dated October 1, 1893. Shreveport, La.—Proposed Bond Election.—It is stated Interest will be payable January 1 and July 1, and the prin that an election will soon be held in this city to submit to the cipal will mature October 1, 1928 Bonds are issued pursu people the question of issuing public-improvement bonds. ant with Chapter 249, Laws of 1898. Interest will be payable South Portland, Me.—Bonds Defeated.—At a recent elec at the Manufacturers’ Bank of Baltimore. Bonds are ex tion the people voted against the proposition to issue $18,000 empt from all taxation in the State of Maryland except for bonds for a sewer system, because, it is stated, the town has already reached the o% debt limit authorized by law. State purposes. Beading, Pa.— Bond Election.—The Select Council on Spring School District (P. 0. Salinas), Cal.—Bonds August 30, 1898, passed an ordinance providing for an elec Voted.—This district has voted to issue $1,650 school-house tion to vote on the question of issuing bonds fora filtering bonds. plant. The question will likely be voted upon at the Novem Stockton (N. J.) School District—Bond Bale.—The dis ber election, and the plant will cost about $230,009. trict has sold to the Edw. C. Jones Co,, New York, $6,000 4£ St. Joseph (Mo.) School D istrict—Bonds Proposed.—The bonds for the new Rosedale school house. Board of Education has under consideration the refunding of Stockton Township, Camden County, N. J.—Loan Au the 5%bonds now outstanding, and the question will prob thorized.—At the meeting of the Town Council held August ably soon be submitted to a vote of the people. 23, 1898, it was decided to borrow $50,000 to pay for a sewer St. Louis. Mich.—Bond Offering.—Proposals will be re along Federal Street. ceived until 12 M., September 26, 1898, bv John R. Wilson, Tarentnm (Borough), Pa.—Bond Sale.—On August 31, City Clerk, for $20,000 electric-light plant bonds. Securi 1898, the $15,000 5% sewer bonds and $9,000 5% paving bonds ties are issued pursuant with Section 4, Chapter 27, Acts of were awarded to Lamprecht Bros. Co., Cleveland, at 106-212. 1895. They are in denomination of $1,000, dated November Following are the bids : 1, 1898. Interest will be payable semi-annually at the Pres L am p re c h t B ros. Co.. C le v e ..*95.491 00 I N. W . H a rris & Co , N. Y ....... *21,990 00 ton National Bank of Detroit. Principal will mature $1,000 .1YV.KJ.. BHryden. K ranklin. P a .. 25,471 51 M ercan tile T ru s t Co., P i tts b . 24,900 00 ayes A Sons. C le v e ... 25,200 00 I J a s . C arotliers, P itts b u rg ....... 24,962 40 yearly on November 1 from 1908 to 1927, inclusive. T aren tu m N ational B ank. ... 25,200 0" | R obinson B ros., P itts b u rg ___ 24,800 00 arr & M oore, P itts b u rg ........ 25,190 00 M etro p o l’n N a t.B a n t, P itts b . 24,739 00 Salem, Ohio.—Bond Of ering.—Proposals will be received DD enison, P rio r * Co., C le v e .. 25.017 00 | W m . M . B ell Co., P itts b — 24,500 00 until 12 M. September 6, 1898, by Geo. Holmes, City Clerk, ** for $5,047 6% street-paving bonds. Securities will be in de- ‘ Bonds mature Sept. 1,1928, subject to call after Sept. 1 ,19C8. IN VESTM EN TS. N EW LOANS. N EW LOANS. h r o n ic l e m & # 1 2 , O O O t o gt 1 5 . 0 0 0 4% ST R E E T IM PRO VEM ENT BO NDS, BO RO UG H OF If A SB R O U C K H E IG H T S N. J . SEALED PROPOSALS will be received at the of fice of the BOROUGH CLERK until TUESDAY SEPTEMBER 6,1898. for the purchase of $12,000 to $15,000 4 per cent 18 to 30 year bonds, denomination $1,000. Bonds will bear date September 1, 1808; in terest payable semi-annually. Each bid must, be accompanied by a certified check for $300, to be drawn to the order of the Major and Council, Borough of Hasbrouck Heights. Deposits will be returned to unsuccessful bidders. All bids must be sealed and marked “Bond Bid. enclosed In a second envelope, addressed to the Lierk. Bonds awarded must be taken Immediately after notlce that they are ready for delivery. Circular containing fuil Information upon appll 1!1' ij. The right is reserved to reject any and nil bids. R e c is t e r e d B o n d s LEGAL INVESTMENTS FOR NEW YORK SAVINGS BANKS. ' 8130,000 White Plains, N. Y., Water Works Bonds, maturing 1901 to 1928. $150,000 Cincinnati, Ohio, 3J,££ Water Works Bonds, due August 1, 1938, optional Aug. 1, 1918. U N IT E D STATES 3 % Bonds BOUGHT AND SO LD. R. L. D A Y & CO., 4 0 W a ter S treet, B oston . 1 B road S treet, N ew Y ork . ADAM S & COMPANY, G. II. ItAM.SDEN, Price and particulars on application. Borough C erk. BANKERS N O T IC E O F R E D E M P T IO N . SALT LAKE C IT Y . The City Treasurer will pay at his office, September first, 1898, the entire Issue of $500,000 Salt Lake City bonds of 1888. Interest ceases Setember L Ordered by the Council, Aug. 16 , 1898. Legal notice In Salt Lake Papers. G. H. BACKMAN, _____ City Recorder. Rudolph Kleybolte & Co,, BANKERS. J N assau S treet, N ew Y ork. $ 3 5 ,0 0 0 41% L o r a i n C o u n t y , O.. (Elyria County Seat) $ 1 7 5 ,0 0 0 C H ILD R EN S* HOM E BO NDS. Los Angeles Ti action Co, Afsessed valuation................................$18,900,000 Total debt (this issue only ) .............. 35.000 Population, 60,000. Price and particulars upon application. 1st [U ortgnge 6 * 2 0 -y e a r G o ld B o n d . . Total Issue * 2 * 0 .000 . First Mortgage at *H.000 per mile. Net earnings 28 months of opr ration. *89.983 St equivalent to 12* on the total Issue of bonds. Population of Los Angeles 103,079. 8end for full description of properly. B R IG G S . S M IT H & C O ., 3 3 Enut T hird Street, - C incinnati, O hio. tor E. H. R O L L I N S & S O N S , 19 i>Iilk Htreot. Boston, M a in . MOSCOW, IDAHO, GOLD 6s School Bonds, Due 1911. Moscow Is the County Seat of Latah County, one of the best agricultural nectlons in the State. For price and full particulars address H. B. POWELL, Woodstock, Vermont. " DEALERS IN IN V ESTM EN T BONDS, Members of Boston Stock Exchange.' No. 7 Congress and 31 State Streets, BO STO N Government a n d Municipal Bonds B O U G H T AND SO LD. APPRAISEM ENTS MADE OR QUOTATIONS FURNISHED FOR THE PURCHASE, SALE, OR EXCHANGE OF ABO VE SECURITIES. JLISTS ON A P P L IC A T IO N . N. W. H A R R I S & CO., BANKERS* 31 NA SSA U ST . (B ank of Com m erce B ld g .) Holders Allen County, Kan,, M. A. Devitt & Co., Blodget, Merritt & Co., BO ND S. Holders Of A L L E N COUNTY', KANSAS, R AIL ROAD-AID BONDS will learn something to their interest by corresponding with SPITZER & CO., Toledo, Ohio M U N ICIPAL BONDS. BANKERS, F irst N ational B a n k B uilding^ 16 C o n g re ss Street, Boston C H IC A G O . STATE, CITY & RAILROAD B0N »S T H E C H R O N IC LE . 500 Tliomaston, (*&,—Bonds Voted.—At the election held Aug. 29, ISAS, the issuance of #10,000 fit educational bonds was authorized. Bonds will mature #500 yearly on J .nuary 1, from 1900 to 1919, inclusive. Interest will he payable Jan uary 1 and July 1, Full details have not yet been determined. Throckmorton County, Texas.—Bonds Registered.—On August 25, 1893, #17,000 court-house refunding bonds of this county were registered by the State Comptroller. Toledo, Ohio,—Bonds Proposed.—The city has under con sideration the issuing of #300,000 30-year bonds for building a new city ball. The securities, if issued, will be in denom ination of #1,000 and the interest not more than 4<. The proposition to issue these bonds will be submitted to the peo ple at the election to be held in April, 1899. Vailsburgh, N. J. —Bond Au‘ard Corrected.—In the CHRONICLE of last week (p. 446) we stated that, on August 24, 1898, the #40,000 4%7 water-plant bonds were awarded to R. B. Smith & Co., New York City, at 106'87. We are now ad vised that the above firm did not deposit the #500 agreed upon as a guaranty, and the Common Couneil therefore awarded the bonds to Benwell & Everitt, of New York City, at 105-18, Talley County (P. 0. Ord), Neb.—Bond Offering.—The #32,000 P4% optional refunding bonds recently registered with the Secretary of State will be sold at private sale to the high est bidder. Securities are in denomination of $1,000, and the principal will mature May 1, 1918, but are subject to call prior to maturity. Wadley (Ga.) School District.—Bonds Voted.—On Aug. 29, 1898, the district, by a vote of 80 to 2, authorized the is suance of #7,000 07 school bonds. Securities are in denom ination of $500 and mature one bond yearly from 1908 to 1914, inclusive. The date of sale has not yet been determined. Walla Walla County (Wash.) School District No. 1.— Bond Bate.—On August 15, 1898, the #30,000 5% school bonds were awarded to N. W. Harris & Co., Chicago, at 101-75, Principal will mature ten years from-date of issue. For de scription of bonds see C hronicle August 13, 1898, p. S83. Westchester County (P. 0. White Plains), N. Y.—Bond Offering.—Proposals will be received until 1 p . m. September 8, 1898, by Francis M. Carpenter, County Treasurer, for $64,978 4j; bonds issued to pay for Warburton Avenue exten [V ol . LX T il sion bridges. Each bond from No. 1 to No. 64 is in denom ination of #1,000, No. 65 of $978, and all are dated September 15, 1899; interest will be payable June 1 and December 1 at the office of the County Treasurer at White Plain?. Princi pal will mature $10,000 yearly on June 1 from 1900 to 1904, inclusive, and $14,978 in 1005.' Each bid must be accom panied by a certified check for $1,250 drawn to the order of the County Treasurer. Whittier, Cal.—Proposed Bond Issue.—Lical papers state that this place will soon advertise for bids for $40,000 20-year water-works bonds. York (Pa.) School District.—Proposed Bond Issue.—This district will issue $37,000 of bonds. Tus date of sale has not yet been determined, but it will probably be some time in October or November. S T A T E A N D C IT Y D E B T C H A N G E S . Charlotte, N, Y.—R. M. Schwartz, Clerk. This village is in Monroe County. Sewor bonds, -i**8............. $15,000 I Assessed valuation peril. $80,600 W a t e r B o nds— |Total valuation 1898....... 760,100 Akis, Ann., $25,000................ 1928 I Assessment about % actual value. E l e c t r ic -L ig h t [ City tax (per M) 1893...... $8,533 4U)S, Ann., $10,000.............. 1923 I Population in 1390 w s < .......... 930 Bonded debt Aug. 1, ’98 ..$50,000 |Population In 1898 (esfc.)__ .1,305 Assessed valuation, real. 679,500 1 Boiros— Suffolk, Ya.—R. L. Brewer, Jr., Mayor; John F. Lotzea, Treasurer. This town is the county B eat of Naneemond County. L O A N 'S U7t«n D k c . Total valuation 1897.. $1,383,379 5s, J&.J, $55,000............................ Assessment about % actual value. Bonded debt June 1, ’98..$ >5,000 Tax rate (per $1,000) ’97 -. .$17-20 Assessed valuation, real.. .948,755 Population 1890 was........3.354 Assessed valuation, peril..43i.624 Population in In 1898 (est.) 5,000 TAX EXEMPT.—Bonds are exempt from town taxation. Towner County, N. Dak,—D. K. Brightbill, County Auditor. Cando is the county seat. Bonded debt July 1,1898.$35,300 Sinking fund...................... 18,892 Net debt July 1,1898........ 16,408 Assessed valuation, real... 665,970 Assessed valuation, peril. .406,898 Total valuation 1397.. .$1,072,863 Assessment abt.(p50% actual value. State A Co. lax r M.) >98..$2l-00 Population in 1890 was........1,-150 Population in 1899 (est.'......5,00o IN V ESTM EN TS. IN V ESTM EN TS. IN V E S T M E N T S . W IL SO N & S T E P H E N S , 41 W A L L S T ., N . Y ., B U Y A N D SE L L O U T R IG H T OR ON C O M M ISSIO N S T A N D A R D RA ILR O A D A N D M U N IC IP A L B O N D S . U N D ER L Y IN G A N D S H O R T TIM E B O N D S FOR B A N K S A N D IN S T IT U T IO N S A SP E C IA L T Y . L IST S O F O F F E R IN G S O N A P P L I C A T IO N . W. Hampton Wade, Whann & Schlesinger, A T T O E N E Y -A T -IA W , ' S iV A M A H , G E O R G IA , Nine Tears practice in Alabama. Sir yeara In Georgia. M U N IC IP A L BONDS, 71 BROADWAY, NEW YORK. C o rp o ra tio n L a w a S p e c ia lty . TRO W BRID G E, M A S O N , L E W I S & C O ., M a c D o n a ld B A JiK E E S , & N iv e r C o . 6 7 M ilk S tre e t, B oston, 1 7 1 L a S u ile S tre e t, C hicago, M U N I C IP A L B O N D S , OFFER FOR SALE: S ta te ol M aH H acbnsetts.................................-3 ^s E ast C hester, N, Y .............. ................... ..........4 h 1st Nat. Bank Bldg. • - CHICAGO SUITABLE FOB S to w e . V t............................................................ -.4* R e n o C ounty, K a n s a s ......... ...................... GOOD INVESTM ENTS L a k e C o unty, I n d ..............................................5 h S A V I N G S B A N K A N D T R U S T M om cnce, 111....................................................... 5 h N E T T IN G 5 TO 8 P E R C E N T . And Other Desirable Securities. FUNDS. W a s h in g to n W a r r a n ts , B onds a n d S e e m 2 tie s o f a ll k in d s B o u g h t a n d Hold. R . LISTS MAILED ON APPLICATION. C A LV IN PHILIPS, 307-8-9 CALIFORNIA BUILDING, M u n i c i p a l B o n d s , T A C O M A , - W A S H IN G T O N . Farson, Leach & Co. 171 LA SA LLE ST R E E T C H IC A G O , NEW Y O R K W illiam E. Nichols, 1 0 0 D e a rb o rn 8 t. 3 5 N a ssa u 8 t. CHICAGO . 1 5 W A L L S T R E E T , - N E W YORK. PUBLIC SECURITIES F. E D W A R D C. J O N E S C O . D E A L E R S IN W. FU LTO N & CO., J . Hayes & Sons, BA N K ERS) D E A L E R S IN M U N I C I P A L B O N D S Btreet Railway Bonds, and other high-grade in BONDS. vestments. BOSTON, MASS., C lev e lan d , O hio, S y r a c u s e , N . Y ., R a p i d T r a n s i t J V v r n y 5 h . 7 Rxeh&nge Place. 3 1 1 -3 1 3 S u p e rio r B i Mu nicipal, Railroad, Street Railw ay and Gas NEW YORK, - 1 NASSAU STREET. PH IL A D EL PH IA - 421 CHESTNUT ST. E. M U N IC IP A L BO N D S. C. S t a n w o o d & Co. BAN HERB, 121 Devonshire Street. BOSTON. Cable Addr*»*. " K E N N E T H ” V IU N IC IP A L BONDS. Securities Netting from 3 % to <i% ALWAYS ON HAND. Bend lor our Investm ent Circular. DUKE M. F A R S O N , Banker, Municipal Bonds. 1 8 2 D e a rb o rn S treee C H IC A G O . M UNICIPAL W A R R A N T S . SEND FOR LISTS CHOICE MUNICIPAL BONDS from S O U T H E R N & W E S T E R N states, y ie ld in g 4 to 5 % $ . ROSENBEItGER & LIVERMORE, F o rty W a ll S tre e t, N ew Y o rk . B a n k a n d T ru s tC o m p a n y S t o c k s New Y o rk and Brooklyn B O U G H T A N B SO U ». CLIN TO N G IL B E R T 1 W A L I. S T ., N E W Y O R K .