November 26, 1898, Vol. 67, No. 1744
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Transcript of November 26, 1898, Vol. 67, No. 1744
(Quotation Supplement (Mont%) JnYeston6 Supplement (Quarterly)
Street Railway Supplement State and CiUj Supplement
(■an a red according to Aot o 1 Oongross, m tne year 1398, by tbe W i l l ia m B. D a n a C o m p a n y , in the offioe of the Librarian of O ongresi)
YOL. 67. SATURDAY, NOVEMBER 26, 1898. NO. 1744% h z ( f o h x o n x t l z .
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Above subscription Inoludes—The Quotation supplem ent i Street Ra il w a y Supplem ent The I nvestors ’ Supplement | State and Cit y Supplem ent
All of which are furnished without extra oharge to every subscriber of the Commercial and F in a n c ia l Chronicle .
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scriptions and advertisements, and supply single ooples of the paper at Is. each.
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post o fpio b Box 958 n e w Y o r k .
—On pages 1101 and 1102 will be found the detailed returns, by States, of all the national banks, under the Comptroller's calls of July 14 and Sept. 20, 1898, kindly furnished us by the Comptroller. The returns for May 5, 1898, were published in the Chronicle of July 23, 1898. page 169.
CLEARING HOUSE RETURNS.The following table, made up by telegraph, eto., Indicates
that the total bank olearings of all the clearing houses of the United States for the week ending to-day. November 26, have been $1,335,710,112, against #1,716,125,277 last week and $1,100,499,864 the corresponding week of last year.
Cl e a r in g s . Returns by Telegraph.
Week Briding November 26.
1898. 1897. Per Cent.
New York.............................. $614.968,231 •53 l 859.80 2 + 2 1 6B o s to n .... .. ........................ . 3 >,558,468 66 060,114 h2l 9Philadelphia........................... 54,298,445 47.403,879 +145Baltimore............................... 13,159,073 12,662,915 4-3 9Chicago................... .............. 79,827.888 70.972.209 4-12 6Bt. Louis................................. 22.600.951 20,817,049 -*-8*5New O rleans............... .— 7.800,209 7,944,478 -1 8
8ereu cities, 5 days......... •923,206,293 •759,740,344 +21 5Other cities, 5 days............... 144.102,411 132,019,461 +9 2
Total all cities, 5 days.... •1.087,308,709 •891,759,705 +19 7All cities, 1 day..................... 263,401,483 208,740,159 +2 + 0
Total all ottles for w eek.. 41.336.710 172 •1.I00.4W* 864 +21 4
The full details of olearings for the week covered by tne above statement w ill be given next Saturday. We cannot, of oourse, furnish them to-day, bank olearings being made up by the various clearing houses at noon on Saturday, and henoe In the above the last twenty-four hours of the week have to be In all oases estimated, as we go to press Friday night.
W e present below our usual detailed tlgures for the previous week, covering the returns for the period ending with Saturday noon, November 19, and the results for the corresponding week In 1897.1896 and 1895 are also given. The totals for the week in 1898 for New York and for the whole country are tbe heaviest in our record. In comparison with tbe preceding week there is an increase in the aggregate exchanges of three hundred and fifteen million dollars, and at. New York alone the gain is two hundred and forty eight millions. Contrasted with the week of 1897 the total for the whole country shows an increase of 36-0 pet cent. Compared with the week of 1896 the current returns reoord a gain of 41-6 per cent, and the excess over 1895 is 57’9 per cent. Outside of New York the increase over 1897 n 16’3 per cent. The excess over 1896 reaches 26’4 per oent and making comparison with 1895 the gain is seen to oe 24-2 per cent.
Wie* i November 19.
Clearings at—
New York..........Philadelphia.—Pittsburg. ........Baltimore..........Buffalo ......Washington......Rochester........Syracuse .........Scranton...........Wilmington.......Binghamton......
Total Middle.
I 1898.P. ' - 1896
Boston........Providence..Hartford.....New Haven..Sprlngfleld... Worcester..Portland.Fall River—Lowell..........New Bedford..
Total New Eng..
Chicago...............Cincinnati............Detroit............. ..Cleveland.............Milwaukee...........Columbus............Indianapolis........Peoria ............Toledo.................
Grand Rapids.......Dayton .......... .i,exington....... .Kalamazoo.. ... ..Akron...................Bay City..............Rockford..............Springfield, Ohio..Canton....... .......Youngstown........Evansville*..........
Tot. Mid. West’n.
San Fruuclsco., Salt Lake City..Portland ........Los Angeles ...Helena.............Tacoma...........Seattle ...........Spokane...........Fargo.......... ...Sioux Falls......
Total Pacific..
Kansas City.......Minneapolis........... !Omaha.................St. Paul...............Denver.................Davenport...........St. Joseph............ .Des Moines..........Sioux City............Lincoln............Wichita................Topeka.................Fremont, ........Hastings.............
Tot. other West.
St. Louis ... New Orle »ns.,Louisville.....Galveston.....Houston. ...Savannah..... .Richmond.....Memphis .....Atlanta.........Nashville.......Nor I oik.........Fort W orth..,\ugusta........Birmingham..Knoxville......Little Rock... Jack-ouville.. Chattanooga.. Macon...........
Total Southern...
Total all.............Outside N. York.
Montrei.1...............Tor >nti>.................H alifax................Winnipeg.............Hamilton............St. John...............
Total Canada
11,095.708462
S3,5ul.71v319.3W9.58320.640.75$ 4,807.841 2.101,152 2,114.442 1,268,674
042,294 820,000 403,900
728 020,090 70,540,033 15, *-.8.798 10,722.572 5.502,074 1,8-4.003 1,795 881 1.140,901 1.071,009
0i2,24b 303,000
-*■5 > 4 i-18-4 125*7 +23*4 -11*5 + 11*5 +17 8 + 10 0 —12 l+ 20*.i+118
721.4I6.f36 687.40l.S60 86.fll»,908 78.291.019 11.107,819 17208,151 15.8H5.V93 13.779.U8 4 75',019 5.307,991 1.1-79.080 1.774 03i 1,806 3117, 1,87 9.477 1.059,691 1,27-,138
9»2,8o5 921 127 881. 36 869.116 3.7,900 403.90U
1.231.769.097
127,863,556 5,9*7.ota 2.517.237 1.510,077 1 • 1.0O4,08 ■> l,5y3.7«>
808.75U 0*1,739 488.397
843.774,69*
97.691,147 5.90 1,4 A ) 2,145.501 1.409,702 1.3*1,311 1.4 93,0+7 l.UO.li?
910,7*8767.006400,292
+40*0
+30 9 - 0 2
+173 +9-7
+17 *
t n—4 0 -8 7 +4*1
829.437.729
102.383 479 5 327.700 2,020,240 1.405. *10 1.244 240 1.449,741 1.291,i 9 1,0-6,2*8
* 8o,0d4 601,302
710.033 005
92 383,403 6.222.2C0 3.173 687 1.604,463 1613.797 1..03 485 1.283 091 1,087.784
751,814 444.101
144,626.084 113,592,600 +27-3 117.453,538 JO3.8$7,038131,025,090 110 629/59 +9*5 91,163.99212.182 *50 12 310 051 - I t 12.601.* 6t
7,631.630 7,<J42.2*7 *t 0 9 + 22'$
6,682.9899,135 3.9 7,400,0153 0.209.30*5.808 761 0.423.79*# l
4.879.B6C 5 123,9004.3O0 0 0 3.960.100 3 618 6 .C3.198,991 2.392,7 7 + 81*7 1.951. SISL i 08,k90 1.568.60* 1.9)8 9761.90M aJs; 1,627.492 + 2* 9 1.502,8531,074.187 + 11 * 759 0n9868.007 700.12* -f-2 l *6 610.052
380.161 370.8*3 +2*5 280,25£310 4o6 287,011 +10 ^ 248.504364 500 251 403 +41 4 263 40o213,487 227,161 —0*L 229,7862 iU.370 212,181 + 18 0 15W,602219 6 2 -> 165,512 + 3* 0 124,810201,01* 203,3h* +28 0 200,101 179 997277.240 271,342 + 2*2001,108
171,070,999 156,871,149 +«TU 183,306.979 137.050,73519,070.704 18,402.090 +3 0 10,438,557 17,178,7042,014.163 2 804.W02 4-0** 1 000,275 1,576.0001,933.680 2.007.144 —0 5 1,003,7901,662,754 1.453 314 + C6 1.101 03*
720.99» 430,00 +081 471.hll870,945 794 003 + 40 4 503,06c1.532 967 1,200.000 +27 7 485 000 531,2191.541,762 706,078 + 101* 628.430
680,000 396,20*? +47 9 150.54*147 224 120,10* + 2 2*0 89 13- 80837
30.589.179 38,234,610 +.13 23,389,143 23,717 37516,058.207 11,805,511 +20 9
+23 0 11,852 7S9 11,127,86715.221,120 12,372,053 11,021,14«7,314.239 5,600 366 +31*3 3.677 4000.943,. 70 0,219,331 + n e+30 0
6,508,IS'- 6,980,8033.420.303 2.608,175 2,045,236053,739 6(5 '.3*2 +14*8 600,0002.590.929 1,385.266 -$-87*5 1,209,81) 1 250,0001,209 507 1.L6O.00 + 10*4 1,050 47*1.019,940 903.40* +1V * 630.28*401,004474.088
303.476 335,811 437.587404 47 8-1*0 801,030680,044 5*0 428 + » » 0O5.O8W100,152 03 07) +67 3 52 07 V 60 9C3113.89“ 109.2 $-4- 82.4* 68 89364,109,0.-1 44,124,0 K> +22 r 39.3 *3 69 40,i .8.87280.836.83 30.302 3 0 + 2>1 20,252.02 24 099 410ll,4t9.00‘ 10,7<3 o4r PA 13,443.02 13 0 .8,1 087,827.179 7 489 74* 6,355.18 0 079,6715,113 9 0 4,751,451 -t-7'd 8,79t*,25 3.896 £074,251.04 • 8,8*7,18. 4-9 4,081,8*4' 3,474,0283.792,20V 3 700.38* +2*6 4.801 00 3 814,0132.704 02 2.390.718 +15* 2.533, in 2,50O,*948.111.179 3,194.02* —2 r 2,787,50 2 012 1091,972.874 1904 52)- -i-0 4 1,825.10.* 1.039.2 01,342,080 1.179.09* +13-. 1,000.18 9*1,0371,130.6- 1.0110.86* +12 1.140,0 i 1 132,0b 0907,236 938.55* +.1 1 882.87 075,9361.039.5*' 1.106 041 —0* 1,310,07.* 700 0< 063-\<Jfl b07 v 9 621.71 607,811633 9*0 4 0,041 +33*3 3hl.673 40c .024« 80.7*0 450.780 +0*«j 3*7,903 40"*84251 14 208 22* +20 0 230,706 243,042420.9 0
614.00'301,67*800.00
+39 t—30**
8J0.805 268,610
83,901 237 75.328.748 +11 2 70.100,402 00.400,0011,710,125 277 1,201,924.25' + 86*0 1,212,241,401 1 087 079.925
020.410,816 633.298, U0 +10*3 490,798,30 - 409,077 90515.* 89.907 14.104/81 + 12*2 11 877,577 11,029 85S9 708 304 7,5 40.563 +29*3 0 202,487 6,495,9 31,167.198 1.3<>4.a08 —11*3 1,306 0.18 1 124,1012 53« 004 8.304.495 —24*6 2,053 ..71 1 04*.4 1
779 307 024,890 +24*7 7$7.2F0 745 OtP670.477 620,978 $ +9 5 088.5 rp
30 048.917 27,400,100 +11 ;6 22.934 702 20.039,512' Not include*: In totals.
1078 THE CH R O N IC LE . [Vol. LXVII.
<0 XI) i n OX OF n a t i o n a l b a n k s .W r give in this) is* 00 of the ('ll BO ST (Ct. B (pages 1101
and 1103) the details of the condition of the national bank.* under the returns of duly 14th a n d September ■*0th 1 vJ8. Those are the Inst two compilations made by Mr. Charles (J.Dawes,Comptroller of the Currency.
STREET RAILWAY SUPPLEMENT.A new number of our Stkebt Ra ilw a y SUPPi.k-
ui .s t , revised to date, accompanies the present i3sne of the Ohkon' k i .k. The Supplement contains editorial articles on the following subjeots.
CONVERTIBLE CARS.STREET RAILRO AD ORGANIZATION.DOUBLE-TRUCKED CARS.INTER-URBAN RAILROADS.GROWING USE OF LONG CARS.STREET TRANSPORTATION COSTS IN NEW YORK.
THE FINANCIAL SITUATION.No new general influences affecting values have
been apparent in our markets this week. Fresh developments of conditions active all through the month, summarizes the varying state of affairs which has existed. Among these developments the more prominent were— the changing phases of the Peace Congress in Paris indicating as the week closes a settlement of the terms of peace; the decided weakness and further fall in rates for foreign exchange; and the monetary in in Europe, an emphaticexpression of which is to be found in the noteworthy rue of the rate of interest by the Bank of Germany to C per cent
To these general influences should be added rumors ami movement- of a special character looking to or promising an adjustment of matters in controversy between certain competitive roads, such as the disputes with reference to extensions which hare been endangering the harmonious relation of the Northern Pacific and the Great Northern, also the coal trade contentions which ar- proving -o disastrous to the values of coal road stocks that have for long years been among our most reliable investment properties, and likewise the settlement of the Canadian rate war between the Canadian Pacific and the Grand Trunk. Indeed, at the moment the spirit of compromise is in the air. How far it will become effective in closing up the Breaches that threaten or exist in many directions we cann o undertake to say. Concessions are the tendency of the hour, the feature of the times. TIub, uo b : v . springs out of the prospect now before our industrial clft-sses of a terra of business prosperity. But »s>.de from that, it finds encouragement in the fact
have referred to on previous occasions, that u.e consolidating and centralizing process which has marked our railroad history of recent years is a force working more and more for peace. Capital wants remuneration, and now that the owner of the roads is getting nearer and nearer to and becoming the larger part of the management, sometime* controlling every competitive property in a given section, differences arc being kept in restraint and not to often allowed to run into destructive struggle*.
GermaoyI p#f dgn
raw e lust Saturday by the imperial Bank of "• ,f r'v " discount from 5J per cent to
t W» have referred to above as a leading inci
dent of the week. This is a higher point than any rate reached since 1883, during the financial crisis at Paris. Not even in the Baring panic of 1890 did the rate rise above 5£ per cent. The present action by the Bank was, though, expected; on Friday of last week, when the open market rate at Berliu was 5§ per cent, it was regarded as certain that an advance in the Bank rate could not long be deferred. Now that the movement has become an accomplished fact, it is somewhat of a surprise that its potency has been so circumscribed. No special effect was noticeable on the London open market rate except that on Monday that rate was firmer at 34 to 3f per cent; but on Tuesday the market was easier again, especially for short bills, which were reported at 3 7-16 per cent against 3£ per cent on the previous day, while yesterday the rate was 3^ per cent. Neither did the open market rate at Berlin follow the Bank rate, it being without change on Monday, while on Tuesday the unofficial rate fell to 5 f@ 5 i per cent. Private advices, however, reported an urgent demand in Berlin on that day for money on call at 8 per cent and that the rate for the settlement was from o f to|5$ per cent; later cables noted an improved feeling on the Bourse and still lower open market rates. In Paris the advance at Berlin seemed to be without influence ; that is (o say, the Paris open market rate remained unchanged at 3 per cent. Altogether, therefore, the indications, as we write, seem to point to the liquidation of speculative accounts at Berlin without causing disturbance at the discount markets of other European centres.
It is a significant incident that in face of the high interest rate in Berlin foreign exchange rates fe ll m New York. A t first ‘ thought. Jone would [have supposed that our exchange market would have reflected the 6 per cent at Berlin by an advance. That would have been the case had the exchange rates ruling been natural and not wholly speculative. As we pointed out last week, the speculative situa tion of that market was somewhat critical. By critical, we mean needing a little easing of the strain by lowering the rate and providing for another inflow of gold. So it happeng that this week the investment demand for bills is incon spieuous. Another important feature is that the shipments of merchandise compared with the October movement are increasing. This latter condition is evident as the current engagements of breadstuffs for export and the weekly shipments of merchandise are in excess of a year ago, and a year ago the November total was in excess of this year s October total, which we referred to last week. The coming December exports, too, are likely to be larger than either the October or the November movement; hence with tlie accumulated trade balance as it stands and these larger additions in prospect, the size of the load to be carried if there is no limit put to the speculation in progress, can be easily estimated. We only mention these facts to show how unpromising as a moneymaking venture the so-called “ investment’' pur chases of exchange are likely to prove. Under existing circumstances it is no surprise that on th withdrawal from the market of “ investors, rates should have dropped even in face of the rise in the interest rate at Berlin. We hav all along thought that possibly the money pay ment we might consent to make to Spain in settling up the details of peace would be so considerable as t help later in the season to steady our exchange miu
T H E C H R O N IC LE . 1079N ovember 26, 1898.]
ket. Now that the total is apparently determined, and is so small in amount, only $20,000,000, the affair has become an unimportant element in the problem; besides it will most likely be several months before the appropriations can be passed making even that item available.
I f current indications are worth anything, important developments may be expected in the anthracite coal trade in the near future. During the last three or four weeks information has come to us from several different sources telling of some arrangements on foot, but which could not yet be disclosed, for working a change in the anthracite situation. The present week these reports have found their way to the Stock Exchange, and yesterday there were very confident statements that all differences between the companies had been definitely adjusted. Very naturally the prices of the anthracite shares have sharply advanced. A change in the anthracite situation will be welcome in more quarters than one. I t is open to question whether the reports speaking of the unsatisfactory condition of the trade which have been circulated with so much persistency of late have not been greatly exaggerated and purposely exaggerated. And yet it must be admitted that there is much room for improvement. Indeed, there has been something anomalous about the existing state of things. The anthracite fields are so limited, and the mines in them and the transportation agencies from them so controlled that despite all laws against pools and trusts it ought to be an easy matter to place the trade on some sensible basis where the interests of consumers might be protected, and yet those engaged in the industry be allowed to make some profit out of it. As it is, the miners are suffering, the mine-owners are making nothing, the carriers are faring worse and worse, and even the dealers in coal, wholesale and retail— following the practices of the railroads— have been cutting so much among themselves that their plight is as bad as any of the others, and many of them have been forced out of business. The consumer is getting his coal somewhat cheaper to be sure, but at what a sacrifice to those catering to his needs ! The sooner such a depressing situation is remedied the better for all concerned.
The foregoing also helps to throw light upon the attacks which have recently been made upon Delaware & Hudson. We say “ attacks,” because it is impossible to resist the impression that the purpose has been to damage the property in the eyes of investors rather than to present an unbiased statement of its condition. There has also been evident manipulation of the price of the company's shares. On one day last week the stock was inactive all day, with very few dealings, until five minutes before the close of the Exchange, when over twenty-five hundred shares were thrown on the market, and instead of securing the best price obtainable the seller was evidently anxious to make the price as low as possible. We do not claim to know whether the dividend on the stock will be maintained on its present basis or will have to be reduced. Those closest to the management seem to think that the necessity for a redaction will not arise. One thing is perfectly obvious. Among all the talk and gossip regarding the property, the only definite, tangible fact that has developed clearly and indisputably un«
favorable in its character has been the condition of the anthracite trade. That has been a long-continued adverse element from which the Delaware & Hudson has suffered in common with the other anthracite companies. I f the “ bear” operators on the Street had not had that influence on their side, all their movements must have miscarried. Even as it is the position of the Delaware & Hudson must be regarded, in a very important particular at least, as one of great strength. Its capitalization consists almost entirely of stock. During all recent years it has been the policy of the management to replace the company’s bond issues, as they matured, with stock, and to-day while there is $35,000,000 of stock, there is only $5,000,000 of bonds. A property so circumstanced is obviously not only in position to respond very readily to an improvement in the trade on which its prosperity is largely dependent, but well prepared to stand a further siege of adversity should the depression in anthracite coal unfortunately be prolonged.
Money on call, representing bankers’ balances, has loaned at 3 per cent and at 2 per cent at the Stock Exchange during the week, with the hulk of the business and the average at 24 per cent. The higher rate was recorded on Monday, but very little money was loaned at 3 per cent on that day. Thereafter the range was from 24 to 2 per cent. Banks and trust companies quote 24 per cent as the minimum. Time money is in good supply, but the demand is moderate, and rates are 24 per cent for thirty days, 3 per cent for sixty to ninety days, 3 to 34 per cent for four months and 34 per cent for five to six months on good Stock Exchange collateral. The banks report a limited supply of commercial paper, while brokers say that there is a fair amount offering and that the demand is good for the best names. Rates are 34 to 34 per cent for sixty to ninety-day endorsed bills receivable, 34 to 44 per cent for prime and 44@54 per cent for good four to six months' single names. The transfers of money through the Treasury have been moderate this week and chiefly to the South and to the Southwest. Banks report a comparatively light movement of money, and also that the institutions in the principa Western cities and in the Northwest are unusually well supplied.
Bankers express the opinion that money will be moderately active for the remainder of the year at least. They base their judgment upon the fact that the bank reserves are low; that some of the larger institutions have only a small margin above the required reserve; that loans have been greatly expanded, now amounting to unprecedentedly large figures, and that there is more or less tension in the foreign financial situation, which, should it become acute from any cause, would probably be reflected here. No stringency in the money market is apprehended but it is felt that, considering the circumstances and the season of the year, fairly high rates should rule. Money is in better demand at the principal interior points, reflecting increased business requirements, and bankers claim that there is no reason why there should not be an augmented inquiry here. The plan for the resuscitation of the Tradesmen’s National Bank has been abandoned, and the institution will go into voluntary liquidation. There is said to be enough cash on hand with which to pay off about $1,700,000 of the deposits, and good assets can be realized upon in four
10B0 THE C H K O N IC LE . [Vol. LXVIi,ptymei) if the remainder of the de-
(1 attnnnmtini
per eeu aiurday o (5 per cent
e of discount The Imperial
Basoraing
to ninety duy 1bank 1i open market rate ain ami Frank fort ilto ottr special cable
and gained £-537,941
sist week advanced The cable reports
bills in London Paris is 3 per
t it is 5jK§iiH Per rom London
J -i4*1
k, and held £32,977,053 at the close of the Oar correspondent further advises us that the I dne to the import of £‘239,000 (of which 0 were from the Cape, £109,000 from France
and £ 5,000 from other countries), to £319,000 net received from the interior of Great Britain, and to £20,000 miscellaneous exports.
The Commissioner of Internal Revenue on Monday formally decided that cable transfers must be stamped with a four-cent ad valorem stamp.* Those bankers who contended that a two-oent stamp was sufficient h»ve complied with the decision of the Internal Reve n u e Department and all drawers of cable transfers new a it iv a four-cent ad valorem stamp. The business in transfers is, however, quite small, trading in thorn L practically suspended, and they are drawn only in response to current requirements. The purchases of long sterling for investment to hold until it runs to sight have entirely ceased this week. There has been some buying of long reischs- raarks for investment, but the market for them is not sufficiently broad to permit of extensive operations in tier man exchange. It is reported that considerable amounts of money belonging to New York and Chic a g o banks are being loaned in Berlin through the largest of the institutions in that city. The principal feature of the exchange market during the week has been the liberal supply of cotton bills. These have been in excess of the demand, and consequently the lone of the market has been easy and at intervals weak, with fractional declines in rates.
The range for nominal ran s for exchange has been sixty days and from 4 86@
tiring the week, Brown Bros. & i rates on Monday. Rates
lay were unchanged com- Friduy of last week for long
fers, at i 8 2 l 824 for the r the latter, but rates for
iduced one quarter of a cent, to one was easy, becoming weak on when there was a reduction in »ess of one quarter of a cent all
from 4 @4 83 for si;4 884 f(n sight dtiring iCo, piBliticitijg their postedfor acJttllfill biusineas on thapared, wi th those on Fri<aterli and for cable transformttr nmil 4 80(3>4 8t»i fo
the ftno
lav,b
T*» U x% i ' thT bk
»»ru *t 1
::«a*H O T l>. C, MJM'tof fait- #1 f«tir
In M l lollotr*; car JDs p a T,
IT IHTaK*AL Ut rF.VUK, 1vnmtuber 17, in m .
ini Rerenue, Yrv* York *4'r whktl) you
<rwr-4U)*t a fpifober* of p.irsk** malting affl.i a tw o m il * tamp, on tin. urouml
tliat jour lunatructloBot the law
around, to 4 82@4 821 for long, 4 85@4 851 for short and 4 85J@4 80 for cable transfers. On "Wednesday t,he tone, was dull and barely steady and rates for actual business in long sterling and cable transfers were reduced one quarter of a cent, to 4 81f@4 82 for the former and 4 85A@4 85J for the latter, while those for short sterling were unchanged. Thursday was a holiday. On Friday the market was weak and rates for short, fell one-quarter of a cent. The following shows daily posted rates for exchange by some of the leading drawers.
OAII.r POSTED RATES FOR I'OKEION EXCHANGE.
FBI.. MON.. TO*8.. W HI>.. Tatra.. SRI..Nov. IS. Nov. 21. Nov. 22. Nov. 23 Nov. 21. Nov. 25,
Brown Bros....... (60 days. 1 Blffht—83 82%86 82%86 82^86 “2 686
S 60 days. 88 63 S3 83 83Matroun A Go.. ISitfht.... s m Stt« saw eew
B&nfc British 160 days 83 88 83 83 83No. America.. ? Sight,... sOli saw saw 3 66
Bank of 5 60 days. 88 83 S3 83 C 82^Montreal....... \ Sight.... 80% B«X saw BOW 86
O&mwHan Bank 5 60 days. S3 83 83 83 0 63of Commerce.. JSIltht.... 8» « saw saw saw
Etetdelbaoh, Ick- (6 0 days. \ Sight..,,
83 83 83 83 << 83elheimer A Co. 88>* S8« 80% 86X» 88
Latard Freres... (60 days. ( Sight....
8386
8366 8386 8386 8386Merchants’ Bk. 5 60 days. 83 83 S3 63 83
of Canada.. ? Sight.... s a « 86« saw saw MW
(W A H IW oTO *. D . C.» N o rrm U er J7, Isog. " (
11 T*a»T.—i »tn In | thal yftfl bA?# lww» u (■ aM# trar-a ?rr» «f money m>
ih a t It I* wune m * olieT'!> Ojas 15 qjmfn » s*. »>n;i i * t o| A n n n jir-r .JUKI, nr (motion tiiereof, nr 1 J „ 1, .’. . . I t . » tV liO * OH «lll« TOBltAr tliat TOrl -on nnl>lli.h, anil tll!»( 1 "Ti 7 r.n will t»sl«t nen lIn' pajmiutl both In Jit,' ,>i(,' r>m >piy lng * U h Oil. *rn wlvin. fl tin t UtlsOllitSeRllsttlug
The market closed weak on Friday, with rates for actual business 4 81f@4 82 for long, 4 84|@4 85 for short and 4 85£@4 85f for cable transfers. Commercial on banks 4 814@4 814 and documents for payment 4 80^@4 814. Ootton for payment 4 8Df@4 81, cotton for acceptance 4 81^@4 814 and grain for payment 4 814@4 81-f.
The following statement gives the week’s inovemen of money to and from the interior by the Mew York banks.
Week Ending Nov. 25, 1898. Received by ft*. F. Banks,
Shirked by N . Y. Banks.
N et In te r io r Movement.
S5,991,000 624,000
$4,384,000425,000
Galn.$l1G0?,OOO Gain. 199,000Sold. ...............................................
Total gold and legal tenders...... $6,615,000 $4,809,000 Gain.Sl.806.000
With the Sub-Treasury operations the result is:
Week Ending Nov. 25, 1898. In toBanks.
Cut o/ Banks.
Net. Change in Bank HoLding*.
Banks’Interior movement, as above Sab-Tro&suiy operations................
Total gold and legal tenders.....
$6,815,00017,200,000
$4,809,00017,700,000
Gain.Sl,806,000 .Loss. 500,000
$23,615,000 $22,509,000 Gain.$l, 306,000
The following table indicates the amount of bullion in the principal European banks.
Bank ofNov. 24, 1898. NOV. 25 1807.
Gold. Silver. Total. Gold. SUver. 2 ota.'.
$ * £ £ £ A{England....... 32.977,053 32.977,053 32,390.667 32,395,667France,..... 73.397,167 48,865,809 122,202,960 78,613,630 48.387,940 127,001,576Cerinany...... 25.769,000 13,270,000 39,028,000 28, H27.0U0,14,903,000 48,829,000Rnosla......... 98,749,000 3,508.000 102,317,000 115,696.100 4,028,000 119,719,000Aust,..'Ilung!'y 36.490.000 12,463,000 47,952,000 88,190,000 12,891,000 50,587,000Spain. ....... 11,062.000 0,198,000 17,200,000 9,228,000 11,010.000 20,238,000Italy ........... 14,867,000 2,288,000 17,155,000 16,727,000 2,127,000 17,854,000Netherlands. 4,316,000 6.069,000 10,981,000 2.629.000 6,715,000 9,344,000Nat. Belgium. W O ,000 1,403.000 4,389,000 2,820,000 1,410,000 1.230,000Tokthln week 299,550.210 94,804.809 391,355.019 321,232.3 '3!lOO9059lO 125,193,213Tot. prov. w’X 295.738,062 9«.692.2<M 3 S9.4 30,8 M5 321.042,20 i 100079240 121.121,444
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0 UR GOLONlA L PROBLEM.Wo take it that the ultimatum submitted by our
Peace Commissioners on Monday, to the Spanish delegates at Paris, embodied the formal decision o f our Government to retain and administer through its own officers the Philippine Islands. We assume, also, that Spain will yield to this ultimatum. Some momentary doubt was caused on Monday afternoon by a cabled misinterpretation of the angry re- mariis made outside th'e Paris co.uncil-room by Sefior Monturo Bios of *the Spanish .Commission. Sefior
N o v e m b e r 26, 1898.J THE CHRONICLE. 1031Rios did, it appears, declare his personal unwilling ness to negotiate on any such terms. Bat in the first place the Spanish Government’s decision cannot be regulated by any single delegate at Paris, and in the second place the motive of every Spanish public man to rid himself of individual responsibility is obvious. We should suppose that the more recent reports that Spain, while submitting to the inevitable, will reject the proffered indemnity of $20,000,000, are a similar concession to domestic pride and public opinion. That the indemnity will be finally rejected we hardly believe; we think, in fact, that such a policy might very properly be vetoed by the creditors of Spain. But the instinctive wish to avert as much as possible of the humiliation of surrender can be readily understood.
The peace negotiation as it stands to-day has several distinct aspects. The first of these is embod
ied in the Spanish protest that the terms of the American ultimatum are unwarrantably harsh. We are unable to 3ee the justice of this contention. It is quite true that our Government might have chosen to waive all claims except such as arose in the West Indies. It is possible that Spain expected some such liberality, but the expectation certainly had no basis beyond the Spanish theory a3 to what our Government might choose to do. The protocol of August 12 was quite distinct in its provision that the disposition of the Philippines should be decided by subsequent negotiation, and such provision necessarily left the matter open to any demand which the negotiators should submit.
As to the question whether the demand submitted this week by our Commissioners is unreasonable or not, we know of no other test to apply than precedent in former peace negotiations. The Franco-German war was closed by the cession to Prussia of Alsace- Lorraine, for which nothing was paid by the victors, and by the further exaction of a cash indemnity amounting to a billion dollars. The Graeco-Turkish war of 1897, which lasted scarcely two weeks, ended with an indemnity charge of $20,000,000 against Greece. In our own present case, the United States not only demands no cash payment from Spain, but offers $20,000,000 cash in reimbursement of Spain’ s outlay for the legitimate expenses of the Philippines.
It is contended by the Spanish negotiators that, since the American troops had actually obtained fuU possession neither of Cuba, nor of Porto Rico, nor of the Philippines, this country has no title arising from conquest. But this plea is inadmissible, in view of the fact that Spain itself, in its appeal for peace last August, acknowledged that its power of resistance had reached an end. Nobody doubts that if Spain had not asked a truce, the American troops would shortly have taken possession of all strategic points in the three colonies. Porto Rico was already virtually in our possession; Spain had no means of defending Havana against a land attack. Manila itself had fallen, and the fact that its surrender occurred after the actual signing of the protocol is a matter of little moment. It i3 such facts as these which constitute occupation and conquest. It should be remembered that even in the overwhelming debacle of 1871 the Germans actually occupied only a small part of the French territory.
So much for the propriety of the American demands, in the light of international law and precedent.; Thefurther very important consideration remains, how,
are our own national interests to be affected by the acquisition of this new territory ? Broadly speaking, the discussion of this problem has brought into controversy three very vital questions: How would oursystem of government adapt itself to a colonial policy; how far should we be able to administer properly and successfully these distant acquisitions; and to what extent would a movement into the Philippines affect our future foreign relations ?
On all three of these points there is an extremely wide divergence of opinion. A ll conservative judges, whatever their view as to the wiser course, unite in recognizing that the nation is about to try a momentous experiment, that it is to a large extent taking a step in the dark, and that the step thus taken cannot be retraced. These very serious facts have led many sincerely patriotic critics to protest against the entire undertaking. But the weak point of this appeal, in our judgment, has been its failure to submit a practical alternative. The conclusion of the war, like the conclusion of every other successful war, created a wholly novel situation. The problem, which could not be ignored, was how to meet this situation. To return the Philippine Islands to Spanish misrule, after we had acquired them with the countenance of the insurgents, has been tacitly declared by nearly all citizens to be morally inadmissible. To hand them over to some other Power, as anti-annexationists have suggested, is diplomatically inadmissible. To call a Congress of Powers to decide on the disposition of the islands is a curious and to our mind unpractical suggestion, in view of the notorious fact that every delegate to such a conference, if unable to acquire title to the islands for his own State, would certainly veto such control by any rival government. As to what a joint protectorate would mean, the course of events in Egypt during the last two [decades is an instructive lesson. Finally, very few people are bold enough to advise relinquishment of the Philippines to the semi-civilized native chiefs. Our Declaration of Independence certainly declares that governments derive their just powers from the consent of the governed. But Mr. Jefforson was writing of civilized communities. Nobody had asked the formal consent of the Indians to our early colonial governments, or to the later Federal administration. Treaties existed with the several tribes, but it would be the height of absurdity to describe these treaties as voluntary participation by the natives in our governmental system. As a matter of fact, the Indians not only did not share in the setting up of the new government on their own old domain, but they have been and are wholly excluded from a part in its administration.
The fact, however, that administration of these islands as colonies is just, does not prove that the United States is fitted to administer them. This is plainly a new departure for our Government, so doubtful in its consequences that the majority of thoughtful citizens regret that the situation should ever have arisen. But the situation is before-us; it was created, not by the demand for the Philippines, nor even by the cession of Porto Rico, but by the annexation of Hawaii, which antedated both these incidents of the Spanish war. This policy once begun, of annexing distant islands witlx an alien population, the problem squarely presented itself, whether we were to erect these new acquisitions into territories with a view to
the c h r o n ic le . [V ol. L X V II1082
ov. EUu.i! (atjis probably early) independent statehood, irhither wi* were to confront the matter firmly, and
, , - I . (,tn> alternative to further deterioration ofour i ’ongreseiona! membership. This single alternant,., a Hawaii as in t uba and Porto Rico and the Philippines, is colonial administration.
That su.'h li iininistration would involve a changein the purpose, if not in the express provisions, of our Constitution, > an undoubted fact. Powers neither granted nor implied in a system of organic law are
regarded us withheld, and a Supreme t ’ourt decision of 185b, recently cited, declares that •‘ there is certainly no power givou by the Constitution tot Federal Government to establish or maintain colonies bordering on the United States or at a distance, l o b e ruled and governed at its own pleasure ; nor to enlarge its territorial limits in anyway except by the admission of new States." It is possible that this construction of the Constitution would require a fresh review favour Federal judiciary and conceivably an amendme-nt to the organic law itself. The rigid inter,
ation was Ott the other band somewhat modified|)i this very Court o f 1856, which ruled that maintenance of a territorial government with a view to future statehood via.- constitutional. In this regard the case of Alaska, ,o quired by outright purchase eleven years after Use above decision and never yet seriously dis- iu*ed as a potential sovereign State, is interesting.This is primarily a constitutional and legal matter.
It- possible omplexity cannot be denied, and the argilinei-i. wo think, was inexcusably ignored by the statesmen w ho clamored, long before the Spanish war, for Hawaiian annexation. But we are by no means
_ to • ept ilie further pessimistic conclusions of some re cel' criticism'. Senator Hoar’s intimation that with a colonial policy adopted, the decline and fail •: the American Republic would date from the McKinley Administration, seems to us very rash and hasty prophecy. It certainly strikes us that Si ay in our Government would be furthered with a v.,*tiy gr> ater impulse if we w ere to add to our Federal Senate two Porto Ric.it.s. two Hawaiian*, half-a-dozen < A.! ;ji:s an i an indefinite number of Filipinos. There mu', be doubt over the question whether we are capable of governing these imperfectly civilized com- mur. at there will, we imagine, be littledifference >f opinion as to the capacity of those communities to govern ns. With so considerable a representation in both houses of Congress as would • one with the erection of these islands into state-
h" I, their share in making laws for the American Continent would be very great. Whatever disposition of <<ar new Asiatic possessions shall prove to be expedient, we are convinced that their incorporation assovereign States not only ought not to be favored, but ought to bo excluded a» formally and finally as can be done by act of legislature and people.
The question whether, in view of certain notorious *rV.;w-aioi m our methods of homo political administration, »!• an avoid even graver abuses in a remote colonial administration, is by the common consent of si! ■ ritb » the most serious phase of the problem. So strong an outside advocate of an American colonial policy a* Mr. Chamberlain, frankly admits that if the practice# of municipal politics in parts of the Union must bo transported to distant dependencies, then the experiment ie foreordained to failure. We find it difficult, however, to believe in the poseibility of such reaulte. Oreot Britain's colonial administration,
notably in India, began with extremely serious abuses of the kind; but on the first clear presentation of the facts to the British public the whole obnoxious system was instantly swept aside, to be replaced by the orderly and scientific management which is to-day the model of colonial rule. It is commonly said that the Anglo-Saxon conscience was aroused, and so it was. But the Anglo-Saxon instinct of self-preservation awoke with even greater force, and to that instinct no appeal will ever remain unheard,
This being true, let us observe that the abuse of power by Clive and Hastings occurred when there was no cable, no telegraph, no special correspondent, no powerful and resourceful opposition press. The light of publicity through which, after a long immunity, the practices of these tyrannical administrators were at length brought to an end, would be focussed on the Hawaiian and the Philippine administrator from the day of his appointment. We venture topredict that his official aQts would be reported, discussed and criticized in Washington, New York, Boston, Chicago, or San Francisco with a promptness and unsparing detail which is not witnessed to-day even in the foreign columns of the greatest Loiidon daily. The very fact that the American public to-day soberly recognizes the gravity of the experiment would ensure both thorough examination of the character and policy of a colonial administrator, and swift retribution to the government or party which should be so rash as to countenance corruption or misgovernment. Let it be remembered that our often-cited series of blunders in Indian administration has resulted primarily from the fact that the public, quite aware that no serious consequences were likely to arise, refused to interest itself in the matter. On the other hand, the unfortunate relations between the black and white citizens in the South have had their origin in the very fact concerning which we have already said our word of warning in the case of the Philippines— the question not of governing, but of being governed by, men of another race.
Wo have left ourselves little space to speak of the third and in some respects most important problem of our proposed experiment— its influence on our future relations with foreign States. In this regard, it is grati- fying to observe that competent. English critics welcome the suggested intrusion of the United States into Asiatic waters, not as an element in future warfare but as a guaranty of future peace. Lord Salisbury’s Guildhall speech was possibly an exception, but the Premier’s vein of cynicism is notorious, and his sentiments towards this country have always been mixed. In general, we may fairly argue of a future American diplomacy as we have already argued of an American colonial administration; that the urgent and critical need for competent service will itself compel scrupulous selection. Americans have rarely been found wanting in the test of international diplomacy when a truly Berious problem was presented, and when the country’s real talent was summoned.
As for our trade policy in our new acquisitions— supposing the colonial plan to be adopted—we believe the key is to be found in the already officially promulgated policy of the “ open door.” We presume that
I any dependency of the United States, temporary or permanent, would be entitled, equally with Canada, the Australasian colonies, the African coast provinces or the European dependencies in China, to fix such im-
N o v e m b e b 26, 1898.] THE CHKON1CLE. 1083port tariffs as should he deemed wise. But the tariffs must apply to the United States and other powers alike. Conceivably preferential duties might be granted in return for such preferential grants by other States — even Canada pursues this policy— but like Canada, an American possession must, if it undertake such exchange of privileges, grant the same opportunity to all foreign States alike. To this phase of the problem there is absolutely no other solution outside of alienation from our fellow Powers. If, as is contended in some quarters, there are constitutional obstacles in the way of tariff regulations different in our island dependencies from those in our own domain, then the whole question ought to be reviewed with the utmost seriousness. But the tariff question is only one element in a general undertaking which, if adopted, must be adopted on lines entirely new to our political traditions.
SCOPE OF THE SUPREM E COURT TRUST DECISIONS.
There is ene part of the opinion of the U. S. Supreme Court in the case of the Joint Traffic Association which is of decided importance but which in the newspaper discussions has received no prominence whatever, if it has not been altogether overlooked. We refer to the bearing and application of the decision upon ordinary contracts and combinations. In this particular the apprehensions to which the earlier decision in the Trans-Missouri Freight Association case gave rise are happily removed. The Court now takes pains to point out that the construction which so many good legal authorities were inclined to place upon its language in the first opinion is unwarranted.
As far as rate agreements between the railroads are concerned, the scope of the decision is by this later interpretation made broader and more unqualified than before. In plain and unmistakable language we are told that whatever the nature or character of such agreements, so long as they operate in restraint of inter-State commerce they are in violation of the Anti-Trust Law of 1890. No matter if they act in reasonable or unreasonable restraint of trade in inter-State commerce [this distinction as to “ inter-State” commerce is an important one, as we shall presently see], no matter what the intent, and what the language or recitals in the instrument, and no matter whether there is proof or not to show that the agreement is working to the detriment of commerce, it is nevertheless in conflict with the law and therefore illegal. I f the necessary effect of such a contract between railroads is to restrain trade, that is sufficient to work its condemnation."
As concerns, however, contracts between individuals, firms or corporations— or “ ordinary ” contracts and combinations as they are termed in the opinion— the scope of the former ruling is considerably narrowed by the nice discriminations and distinctions made in this later decision, and also by the opinion and conclusion in-the case of the Kansas City Live Stock Exchange, decided at the same time. In noting these distinctions, we may be permitted to say that with all deference to the Court it is impossible to avoid the impression that its construction in the Joint i raffic case, as in the Trans-Missouri ruling, is forced and strained. ^Nor is it always easy to follow the Court’s logic or to understand its attitude. It is
hardly worth while dilating upon that point, and yet we cannot omit reference to at least one important illustration. In the opinion on the Live Stock Exchange case (to which we shall allude at length further below), a special point is made of the fact that the members of the Exchange still continue their individual business and remain in full competition with one another. The cempetition in the case of the members of the Joint Traffic Association, one would think, is oertainly just as real, if not more so, than in the case of the Live Stock Exchange. As a matter of fact, there was an express provision in the Joint Traffic contract intended to insure full liberty of action to the individual members, even in the fixing of rates. We refer to the provision reserving to the board of directors of each company the right to make changes in rate*, provided only that thirty days’ notice be given of an intention so to do— that being a feature distinguishing the Joint Traffic contract from the Trans-Missouri contract. And yet this freedom of competition and retention of separate identity, to which so much importance is attached in the argument upholding the legality of the Live Stock Exchange, is dismissed by the Court as of no account in the other opinion by a curious piece of reasoning which must be regarded as more ingenious than convincing.
Passing such incongruities, however, nothing is more palpable from these latest decisions than the Court’s manifest desire to assure the public that its former ruling was not intended to be as broad as it has been generally assumed to be. When Justice Peckham in this earlier decision declared that Congress in prohibiting contracts and agreements in restraint of trade meant, contrary to all legal precepts and precedents, to forbid contracts of all kinds whether in reasonable or unreasonable restraint of trade, it at once became apparent that the dictum of the Court was so sweeping that hardly any business arrangement in which two or more persons were involved could fail to come within its scope. Labor organizations for maintaining wages or limiting the number of persons to be employed in a business ; the buying out of one concern by another ; the union of two or more merchants in a partnership ; the appointment of a joint agent by merchants, manufacturers and producers— these and many other kindred developments of modern business life it was felt were condemned, since they one and all operated in some degree to limit competition and restrain trade. And this was not the hasty conclusion of laymen, but the deliberately expressed opinion of some of the best legal minds in the country. Naturally, therefore, much concern existed in the business world.
The Court now undertakes to show that these results by no means follow. In this its logic, we must confess, is not always clear, but that was hardly be expected, since it it is so obviously engaged in a attempt to escape the consequences of its languag when applied outside the railroad domain. Though no contracts of the nature outlined above were before it, Justice Peckham said the Court had no hesitation in declaring that the formation of corporations for business or manufacturing purposes had never, to its knowledge, been regarded in the nature of a contract in restraint of trade or commerce. The same might be said of a contract of partnership. It might also be difficult to show, he stated, that the appointment by two or more producers of the same person to
t h e c h r o n i c l e . [ VOL. LXVII
l4H on commission w u » matter in any.irgre* in restraint of trade. Proceeding along the , %,n„ J..I ,i i i. ,S: "W e are not aware that it has ev»r L**»on claimed that a lease or purchase by a farmer tna.'niifteturer or merchant o f an additional firm. manufaetorv or shop, or the withdrawal from btuine*-* of any farmer, merchant or manufacturer, retrained commerce or trade within any legal definition of tint term;and the sale of a good-will of a busi- ift * with an accompanying agreement not to engage j.; * similar business was instanced in the Trans-Mis- rouri Case as a contract not within the meaning of the A, t; ami it was said that such a contract was collateral
-g,,> mii'i contract of sale and was entered into for the purpose of enhancing the prioe at which the vendor sells his business. ”
He holds that the st atute applies only to those contracts whose direct and immediate effect is a restraint upon inter-State commerce, and that to treat the Act as condemning all agreements under which, asa result, the cost of conducting an inter-State commercial business may be increased, would enlarge the application of the Act beyond the fair meaning of the language use i. The effect upon
St rte commerce must not be indirect or incidental only. An agreement entered into for the purpose of promoting the legitimite business of an individual or corporation, with no purpose to thereby effect or restrain Inter-State Commerce, and which does not directly restrain such commerce, is not, in his judgment and that of a majority of his
> Tates. • .wared by the A-;t, although the agreement miv indirectly and remotely affect that commerce. He also repeats the Court’s declaration in the
-• •• •; i- • th it the Art of Congress must have » n vbl • >; l -1 r u ■' t i o n, or else there would scarcely
in agreement or contract among business men tmt ■ tld n >t h • - ii 1 to have, indirectly or remotely, some bearing upon inter-State commerce, and possibly to restrain it.” We may say as to this latter remark that that has been precisely the contention of the railroads; ttiey have contended that the words of the Anti-Trust Saw must be given “ a reasonable construction/' and that if they were, the Joint Traffic Association would not be found in conflict with its provision!.
Justine Peckham differentiates ordinary contracts ' r on the agreement in the Joint Traffic case by saying 'ha*, the latter, being a contractor combination bo- twson competing railroad corporations for the purpose of establishing and maintaining rates, it must be regard * 1 n an agreement which directly affects and is intended to affect the cost of transportation of commodities. Kor, he argues, commerce consists, among other things, of the transportation of commodities, and if such transportation be between Stst.es it is inter-Statc commerce. The agreement in his estimation affects inter-State commerce by destroying competition and by maintaining rate* above what competition might produce. He thinks Congress is competent to forbid any agreem-mt or combination of this kind among the carriers. Railroads cannot be built and operated without i public franchise, and their business is of a public nature. In performing this business they are al*o performing to a certain extent a function of government which requires them to render the service upon equal terms to all. The franchise may be derived from the State, but Congress under its power
lOtHto regulate commerce among the States may make regulations prescribing its exercise ; and a law forbidding combinations in restraint of trade belongs in that category. The Court, does not consider that ordinary freedom of contract in the use and management of these properties requires the right to combine as one consolidated and powerful association for the purpose of suppressing competition and of thus keeping their rates and charges higher than they might otherwise be under the laws of competition. And this is so even though the rates provided in the agreement may for the time be not more than what is reasonable.
The distinctions here attempted also run through the Court's arguments in the L ivestock case. Indeed they are there defined at much treater length. I t is interesting to note, as showing what a complete departure the Court’s interpretation iu these recent decisions marks, that in this Live Stock case, as in that of the Joint Traffic Association, the lower courts had taken just the opposite view to that now promulgated by the Supreme Court. The Joint Traffic contract was held valid by the Circuit Court and the Circuit Court of Appeals. The Supreme Court declares it illegal and void. On the other hand, the contention that the methods and operations of the Kansas City Live Stock Exchange were in conflict with the Anti-Trust statute was upheld in both the Circuit Court and the Circuit Court of Appeals, while uow the Supreme Court declares t in t the contention cannot be sustained.
The Live Stock Exchange i3 an organization of commission merchants whn control the sale of live stock at Kansas City. It was charged that the Exchange was a monopoly, that none but members were allowed to trade at the stockyards and enjoy the other facilities furnished by it, and that its object was to prevent the shipment or consignment of live stock to the Kansas City market unless it was shipped or consigned to the members and stock yards of the Exchange and paid the charges fixed by the rules of that organization. Various provisions of the by-laws were cited to support the allegation in the bill of complaint, which was filed by the United States Government. It appeared from these by-laws that not only did the Exchange fix ratos of charges, hut that it enforced other stringent regulations, such as lim iting the number of agents to be employed and the compensation to be paid to them, prohibiting the members from sending prepaid telegrams, &c., &c. At the outset Justice Peckham takes occasion to point out that the 1890 law has reference only to such trade or commerce as exists, or may exist, among the several States or with foreign nations, and that it ha3 no application what-. ever to any other trade or commerce. The principal point for determination therefore wa3 whether the business of the members of the Exchange was interstate. This question the Court answers in the negative. Justice Peckham notes that the Exchange itself as an association does no business whatever. The business of the members is the sale or purchase of live -t-ock as commission agents, aud the character of this business is not altered, he says, even though the larger proportion of the purchases and sales may be of live stock coming into the State from other States or from the Territories.
The opinion holds that while the selling of an article at its destination which has been sent from another State may be regarded as an inter-State sale, and or.8
T H E C H R O N IC LE . 1085N ovember 26 1898. |
which the importer is entitled to make, the services of the individual employed at the place where the article is sold are not so connected with the subject sold as to make them a portion of inter-State commerce; hence a eombination in regard to the amount to be charged for such service is not a combination in restraint of that trade or commerce. Granting that the cattle themselves, because coming from another State, are articles of inter-State commerce, yet it does not therefore follow that, before their sale, all persons performing services in any way connected with them are themselves engaged in that commerce, or that their agreements among each other relative to the compensation to be charged for their services are void as agreements made in restraint of inter-State t rade. The charges of the commission agent on account of his services are nothing more than charges for aids or facilities furnished the cattle owner in finding a market for his cattle. While definitions as to what constitutes inter-State commerce are not easily given, the U. S. Supreme Court has always maintained a distinction, Justice Peckman claims, between a regulation which directly affects and embarrasses inter-State trade or commerce and one which is nothing more than a charge for a local facility provided for the transaction of such commerce. He declares that the indirect effect of the Live Stock agreement might be to enhance the cost of marketing the cattle, but the effect upon the commerce spoken of must be direct and proximate. The cattle owner, he asserts, has no constitutional right to the services of the commission agent to aid him in the sale of his cattle, and the agent has the right to say upon what terms he will render them, and he ha3 the equal right, so far as the Act of Congress is concerned, to agree with others in hi3 business not to render those services unless for a certain charge. The services are no part of the commerce in the cattle.
Summing up, theu, are we not justified f om our examination of these two decisions in concluding that according to the views of the Court contracts between the carriers fall almost in a class by themselves. Nominally contracts between others are no less subject to the provisions of the Anti-Trust law, but there are so many attendant circumstances and conditions which must be taken into account before such contracts can be condemned that in effect the law does not seem to apply. Observe the distinctions the Court makes. In the first place, of course, it must be shown that the agreement relates to inter-State commerce. It may relate to articles of inter-State commerce and yet those rendering services connected therewith not be engaged in such commerce. Then the question comes up whether the contract does not relate to something in the nature of personal services for which the individual is at liberty to fix his own price. Or it may be that the charges arc simply for a “ local aid ” or “ facility ” to inter-State commerce, and thus fall without the pale of the statute. Again, even when the agreement has a bearing on inter-State commerce, the etfect must be “ direct,” “ immediate” and “ proximate.” I f the effect is “ mdireot,” or “ remote,” or “ incidental,” that secures exemption. The Court expressly says that it is not enough to ensure the condemnation of an agreement that the cost of conducting an inter-State business may thereby be increased. Furthermore, contracts imposing very obnoxious restrictions may bo but “ regulations or agreements relating to the business of the mem
bers.” I t would also seem that the railroads by reason of the public nature of their functions, and the character of their business, come squarely within the operation of the law, where in all other cases the question depends upon the special facts in each instance, and can only be determined by an intricate process of reasoning— leaving great latitude for legal hairsplitting and the play of judicial emotions and vagaries. For one of these various reasons the Sugar Trust secured immunity a few years ago. In the same way the Live Stock Exchange is held to be not inimical to the statute, though the judges in the lower courts had all entertained the idea that it was.
I f we are correct in our assumption, then certain strange things follow from the Court’s definition of the scope of the law, and the outcome is curious as well as unjust. No ono who followed the discussions in Congress attending the passage of the Anti-Trust Act can have any doubt but that the framers of the Act never contemplated having it apply to the railroads, for whose regulation provision had been made only three years before. Now under the construction placed upon the statute by the Supreme Court the railroads are apparently the only parties ongaged in inter-State trade who can with certainty be brought within the scope of the law. The result furnishes a strong argument for legislation calculated to place the carrying interest on a basis of equality with other interests in the matter of the right of making contracts and avoiding the evils of unrestrained competition. We cannot believe that our lawmakers intend to discriminate against this single interest, the largest of all our industries. Congress at its coming session should take prompt measures to afford the necessary relief.
C O M PETITIO N OF FO R E IG N MANUFACTURES IN .4 RGEVTINE REPORT OF THE B R IT ISH
SPECIAL COMMISSIONER*M an ch e ste r , November 1G, 1898.
The report upon the trade and industries of Chili, prepared by the Official Traveling Commissioner sent last January to South America by the British Government, has been followed by a statement of the intelligence gathered by him in the Argentine Republic. In accordance with his instructions, Mr. Worthington gives especial attention to facts bearing upon the competition in the Argentine markets between the manufacturers of Great Britain and other countries. A summary view of the share of each competing country m the supply of these markets is given in the following table, showing the percentage of the whole of the imports arriving from each principal source during the last five years.
IMPORTS INTO THE ARGENTINE REPUBLIC.1393. 1894. 1895. 1896. 1897.
From— Per ct. Per et. Per cl. Per cl. Per cl.United Kingdom................... 33-8 38-4 41-5 39-8 37-1Germany................................ 11-4 11-5 11-8 12-4 11-3United States....................... 10-0 10-9 7 0 10 0 10-3France................................... 12-6 110 0-6 10-7 11-2Belgium ................................ 10-0 9-7 7-8 7-6 8’1Ita ly ...................................... 9-7 9'6 10-9 10-2 111Other countries.................... 12-5 8 9 11-4 9 3 10-9
100-0 1000 1000 100-0 100-0 These figures are worked out from the statistics of
the Argentine Government, and are based upon official valuations, not upon invoice or market values. For purposes of comparison they may be accepted as sufficient. It must be noticed, however, that the country of origin is determined by the port of ship* ment, and since Switzerland has no maritime ports,
* Communicated by our Spooial Correspondent at Manchester.
THK CHRONICLE. [Vol. UXVII.
*mi Gaum, iitriuiui, French a nd even English goods Are n)iutliinct from the ports of Holland,Belgium or titTWitit, indifferently, in order to take advAOtage of low rates of freight, the percentages ♦fijotdd not he taken at strictly accurate. They appear to indicate that the only countries which have gained »iiLv*untn»Uy in the Argentine trade during the last hr.- vr»r- ore the United Kingdom and Italy, But the result of the Commissioner's investigations in the markets for various classes of manufactures is that in IHOtSH* O f them British productions have been displaced during recent years by those of Italy, Germany and the United States.
Italian cotton goods woven from colored yarn, trouserings especially, have become very popular, a fact which is attributed partly to the largo number of i i i i i mm grants settled in Argentina and partly to the very low freights at which all kinds of merchandise arc carried from Genoa by steamers carrying emigrants. This last item is undoubtedly an important consideration, for the rates of freight from Italy to Buenos Ayres are usually only about one-half of those paid from British ports. It is knownin M in hester that apart from this consideration Italian goods have little advantage m
in respei lither quality or price. Indeed, Mr. Worthington states that some ILulian merchants in Argentina are suspected
rings as Italian. Of white and brown cotton goods generally he says that the bulk .d the imports continues to come from Eng-
I. although American flannellettes are much liked, and they compete successfully to some extent. American prints have also a certain hold upon the market. They are nice goods, but the assortments of patterns are not sufficiently varied.
uente and tools of industry the chief source of supply is the United States. Included in these implements are picks, spades, shovels and adzes, and the statistics of imports of this class of manufacture show that this is the case. Here are the figures m metric tons.
IM 1*01(1* o r IMW.KMKKTf, A NX, TOOI.S 1893.Ton*.
r & t ;4*d KiO tf .tnm........................ HSUtttftlNl StAl**.,............. ....254OgjmMDj ................................. i
344
1894. 1895. 1800.Tour. ■ Xojis. Ton*.
77 85 195228 152 332
■1 3 28— .309 240 555
and carpenters’ sawsareOn
Kin
supplied almost, entirely from the United States the other hand hollow-ware ironmongery come
chiefly from Germaoy and I ranee, although America ermiH-kd ware is gaining ground. Locomotive eu
were formerly received chiefly from Euglanc ad ways being for the most par . in the hands c
h capitalists and managers, but recently th have gone in considerable proportion to th
1 States, not on the ground of the superiorit American engines but because English makei cam too busy to execute them in time, the other baud ninety per cent of the agriou Machinery and most of the electrical plant an e traction machinery are furnished, on tliei , from United States establishments. Som
English ortik'iUnit of th
oral
'* r/,iw ' tric plant— frequently a poor and cheap imitation of the American— finds a market in Argen- * 1 even Italian work is now being imported.1 ’ . says Mr Worthington, have not kepti * i American improvements and new inven-
“ b-G the Germans have carefully watched and
copied” them. Of bicycles also the United States supplies the greater proportion, a fact which is attrib uted to the energy with which the importers advertise them. Germany supplies, however, the lion’s share of the sewing machines, the German “ Singer” selling at £12 gold, being the cheapest in the market. The following are the Custom House returns of the imports of sewing machines.
1893. 1894. 1895. 1806from — No. No. No No.
United Kliwdom........................ 542 070 598 2.661United Statue............................ 5,564 5.173 4,769 4,969Germany................................... 10,767 7,778 7,929 11,358Belgium..................................... 858 358 442 1,030
Of iron and steel in their various forms, the chief sources of supply have hitherto been England, Bel gium and Germany; but the United States has now entered the market, and the exports thence of galvanized sheets, wire, hoops and steel rails have been steadily increasing since 1893, The tramway rails are now almost entirely American. Even of tin plates, of which the consumption is rapidly increasing in Argentina, a small quantity comes from the United States, although much the largest share is still imported from England.
Mr. Worthington devotes many pages of his report to an examination of Argentine manufacturing industries. The textile factories do not appear to have made very much progress so far, notwithstanding that it has been an object of the Customs tariff policy to encourage them. Those engaged in producing cotton and woolen hosiery occupy a conspicuous place amongst them, a ad some are devoted to the production of under-linen, chiefly established as branches of German and Austrian firms. There are five factories producing bags and sacks from imported yarn, but they do not appear to be very profitable undertakings. But the manufacture of hats, boots and shoes and ordinary leather goods generally has made rapid progress, reducing very greatly the need for resorting to foreign sources of supply.
Upon the important subject of trade-marks in the Argentine Republic the Commissioner's observations are important. His summary on this question is worth quoting. He says:
“ False marking and piracy of trade marks are both quite common here. The former is most in evidence in the false indications of place of manufacture on locally made goods, but although the law, I understand, makes the dealer who orders false marks, whether of origin or contents, jointly liable with the manufacturer who puts them on, it apparently leaves those who may feel themselves aggrieved to take action agaiust the falsifiers.
“ I have not noticed that the import of British gooils in competion with other imported goods has, in the majority of trades, been seriously affected by such matters as those just referred to. Our competitors in the import trade are certainly generally the first to cut weights or lengths, etc., but then, in the majority of instances, it is done in the case of goods sold by the package, supposed formerly to contain so much, but not so marked, and in such cases the reduction becomes the custom of the trade and the British manufacturer has to follow it. Indeed, the docking of contents in this way has developed in such a manner in many articles as to be quite bewildering, and to cornu itute the trade in each article a study of no little intricacy.
trade marks are registered and can be defended 1 e&aBy, but great care has to boused in carrying on a
N ovember 26, 1898,j THE CHRONICLE. 1C8Tprosecution, and the want of such care, as well as the perjury of witnesses, has led to failures of justice in the past, which fact, not to mention the expense of legal proceedings, naturally deters a good many owners of pirated marks from vindicating their rights.” __________ __________ __
THE DECIS IO N A G A IN S T THE A N TI- I IC K E I-SC A LPIN G LA W.
While the uncertainties of the law are proverbial, the public has received several forcible reminders of late that even the best legal thought may err in the interpretation of statutory and constitutional requirements, or rather that the views of such authorities may not prevail if it so happens that thmr rulings are subject to review. The U. S. Supreme Court has recently in two notable cases overturned the conclusions and declarations of judges of great ability, and which had been affirmed by other judges of equal renown, while now the Court of Appeals of this State has rendered a decision completely reversing a unanimous jirdicial interpretation given only eight months ago by the Appellate Division of the Supreme Court.
In this last we refer of course to this week’s decision adverse to the constitutionality of the Anti- Ticket-Scalping law. Last March the Appellate D ivision, after lengthy arguments and a careful review of the authorities, failed to find anything in the statute contravening in any way the constitutional provisions. We need mention only the names of the judges sitting in the Appellate Division at that time to make it evident what weight attached to their opinion. They were Justices Van Brunt, Barrett, Patterson, Ingraham and McLaughlin. But the Court of Appeals now holds that their view of the Anti-Ticket-Scalping law was clearly erroneous. It should be noted, however, that this latest judgment is not that of a unanimous but of a divided court, Judges Parker, O’ Brien, Haight and Vann uniting in the majority opinion, and Judges Bartlett, Martin and Gray arguing in favor of upholding the judgment of the Appellate Division.
In view of the importance of the case and this conflict of views, and the fact that the present decision is final, it will be interesting and useful to review the course of reasoning by which the differing conclusions were reached. It will be remembered that the statute whose provisions are now declared iu repugnance to the Constitution was passed la3t year, forming Chapter 506 of the Laws for 1897. It provided that no person should issue or offer for sale any ticket giving or purporting to give any right to a passage or conveyance upon any vessel or railway train, or a berth or stateroom in any vessel, unless he be an authorized agent of the owners or consignees of such vessels, or of thecompanyrunningsuchtrains. Andno person was to be deemed an authorized agent unless he had received authority in writing therefor. The law also provided that no person acting as such agent should sell tickets or receive any consideration therefor except at the office de-ignated in his appointment. The statute was not, however, to be construed so as to prevent a properly authorized agent of one transportation company from purchasing tickets from the properly authorized agent of another transportation company so as to allow a traveler to make a continuous trip over more than one line. Besides this there were provisions for the redemption of the unused portions of tickets, for the refunding of money, etc., and string
ent penalties for a failure to observe the requirements of the law.
The ticket scalpers, in contesting the validity of the statute, contended, among other things, thai it was in violation of the New York Constitution, in that it deprived them of a right secured to citizens of this State, that is the right to sell or procure tickets for the transportation over the lines of a common carrier, and that it violated the Constitution of the United States by depriving them of their liberty without due process of law, namely the liberty of engaging in the business of ticket selling. The Appellate Division, as already stated, could see no force in these objections. In its estimation [we reviewed the decision at length in the C h r o n i c l e of March 5 1898, pages 450 and 451] there was nothing in the statute which deprived the scalpers of any right they held in common with other citizens of the State. The Court ruled that the buying and selling of tickets was nothing but the buying and selling of the evidence which entitles a person to transportation by a public carrier. The issuing of tickets is a feature of the carriers’ business, and the regulation and control of the business of a public carrier can not be questioned. I f the exercise of that power of regulation and control prevents a third party from securing a personal advantage, which he calls his business, he is not deprived of any constituti mal right.
Railroad tickets being merely the evidence of & contract between the carrier and the passenger, the whole relation as to their issuance and use is by the- statute in question, the Court said, limited to the carrier and the passenger. I f as a consequence o f such regulation some person who has heretofore carried on the industry of buying and selling or speculating in railway tickets is prevented from continuing to do so, he is not deprived in any,legal sense of his property right in a business. He was merely engaged in doing something not unlawful in itself, but which might be made so by the exercise of the power the State has to regulate the business of carriers within its boundaries. The statute was not one, the Judges of the Appellate Division asserted, preventing a citizen from dealing in merchandise or property generally; a law of that kind would clearly be unconstitutional.
Such were the arguments—and it will be admitted they seem convincing—by which the Appellate Division was led to think the Anti-Ticket-Scalping law was in full consonance with the provisions of the Constitution. But the Court of Appeals, speaking by a majority of its members, finds itself unable to accept this view. In the first place it puts a different construction upon the language used in one portion of the statute. The Appellate Division had assumed that the effect of the statute was that a corporation shall sell only through its agents, and that the law was merely a declaration that the corporation itself was to sell its tickets. But the majority opinion of the Court of Appeals declares this is not so. It says that the first section and the first part of the second section do restrict the sale of passage tickets in that way. But it quotes the provision already referred to with reference to purchases of tickets from other roads, which it remarks is “ sandwiched in between the opening and the closing sentences of the second section,” and avers that that alters the meaning. The provision in full reads: “ Nothing in this section or chapter contained shall
10S8 TH E C H R O N IC LE . [Vol. L x y n
a
P
rent the pfopcrlv author mod agent of any trans- ■Mtson company from purchasing from the properly [homed agent of any other transportation company >; kt*i for a passongor to whom he may sell a ticket [ratal over any part of the line for which ho is the iperly authorised agent, so as to enable such pas- gar to travel to the place or junction from which
his ticket shall read.”The intent of this provision seems plain enough.
In purpose. tvideuUy, is to ensures continuous pas- fcige over connecting or intersecting roads. But Chief Judge Parker, who delivered the opinion, declares it follows, from the provision referred to, that the moment a man becomes the agent of a transportation company in- is by that designation authorised to buy tickets of any other transportation company in thera iled Mat'-', or the world, and may sell such tickets to any person who applies for them. Iu the sale of tickets of other transportation companies he necessarily a t as a broker, the Court argues. He cau buy the tickets and sell them, making profit according to the competition between the various roads.
Judge Parker adverts to another “ interesting feature” of this. “ remarkable statute,” as he terms it; the buying and selling of passage tickets is not abolished: it is only condemned where the seller 1 as not authority from some transportation company to act as it- agent. “ It may possibly be that there was such a situation as would have justified an enactment placing some restrictions upon those engaged in the selling of passage tickets and prescribing penalties by way of fine and imprisonment for those who should break over such restraints. Our excise legisl a t i on affords an illustration. But this Act simply turns over to the transportation companies the selection of those who are hereafter to be permitted to »*B tickets. It imposes no restraint whatever upon the appointing power, nor upon the agents selected, other than that in the purchase of tickets he must confine himself to the properly authorized agents of the transportation companies. The business of buying and selling tickets, as to such agents, continues to be a legitimate business, bnt to all other citizens is denied, and a sale by other than an agent constitutes a felony/*
The Court points out that ticket brokerage as a business h.s- existed for years. Referring to the claim that the law was put on the statute book to prevent fraud, the Court declares it, novel legislation indeed that attempts to take away from all the people the fight to conduct a business because there are wrong- doer* in it. But it sees no evidence that the purpose i* prevent fraud. The title of the Act might sup- p c the claim, but the body of the statute, Judge Barker asserts, does not contain any reference to forged, altered, used or stolen tickets. The sale of such tickets i.« made a punishable offense under other portion* of the Renal Code. He accordingly reasons that the provision'* have reference to the selling of
guUrly issued by a transportation - nrnpmy. "Can a legislature declare such sales to be fraudulent, or prohibit them on the ground that it !‘ d- to prevent fraud ? I f the act prohibited is fraudulent, there can bo no doubt that the Legisla-
« r; r its police power, may provide for its pun- 1 5 cm : but whether it may under such power interdict the »ale of a valid ticket by one person to finot((<jr upon the pretext that fraud wall thug be prevented, presents a very different question/’
Judge Parker says he is unable to see how such a sale defrauds a transportation company. I f a company undertakes to sell a ticket from New York to San Francisco, it. undertakes to carry the holder from the one place to the other. It costs the company no more to carry one person than it does the other. How then, the Judge asks, can it be defrauded or in any way prejudiced by the transfer of such a ticket by the purchaser to another purchaser ? Answering the claim that the prohibition of such a sale protects the traveler from being defrauded. Judge Parker replies that if it is a sale of a valid ticket, no fraud can possibly result; and if it is not a sale of a valid ticket, the sale is fraudulent and is prohibited by other provisions of the Penal Code. It is not contended, the opinion continues, that the business of ticket brokerage is in itself of a fraudulent character. The business cau he honestly conducted; it has been so conducted in the past by the honest men engaged in it; and the worst that is asserted is that there are some men engaged in the business who have imposed on the public. The same assertion can he made with equal truth of every business, trade and profession. But this furnishes no sufficient reason for making it a penal offense to engage in the business, or for closing its doors to all except the transportation companies themselves. Stringent rules undoubtedly may he enacted, the Court says, to punish those who are guilty of dishonest practices, hut to cutup, root and branch, a business that may be honestly conducted, to the convenience of the public and the profit of the persons engaged in it, is beyond legislative power.
On the other hand, the minority of the Court, in equally emphatic language, deny the correctness of the position of the majority. Thus Justice Martin asserts that to hold that the Act under review is unconstitutional will practically annihilate the police power of the Legislature. He deprecates what he calls an arbitrary and unauthorized interference by the judiciary with the administrative affairs of the State, and says it is fraught with quite as much danger as would follow legislative interference with judicial affairs. “ When courts seek to control or in effect repeal acts of the Legislature by holding them in conflict with some non-existent or doubtful consti- stitntional limitation, their action is mere usurpation/
Thus the conflict of views is very pronounced, and the layman will find it difficult to decide as to the merits of each. The one fact which stands out prominently and beyond controversy is that in the tribunal of final adjudication the statute has been declared beyond the power of the Legislature to enact, and is therefore invalid and of no effect.
IM PORTS AND E XPO RTS FOR OCTOBER.The Bureau of Statistics at Washington has this
week issued the statement of the country’s foreign trade for October, and from it and from previous statements we have prepared the following interesting summaries. The tables are the same as those heretofore giveu by us in our article on the Financial Situation.
Forbkjw t &ade m ovem ent of the Un ited States .In the following tables three ciphers (000) are In all oases omitted.
Export*.B le rc b M t* © . f
-1898.-
Jan.-March. April-June. July...........August... . September.October.,...
Total. ♦,,,
31 6.054 30.},*88 7'4.525 84,555 90.046
118,080
Exeats,<Imports.
I1 6-1.405 + 150.53P 1 60.790 +1 14,092
50,084 + 2 1.54149.577 +34,828 4N,401 +43.186 *8 8)1 +6H.3J2
Export*, t‘261.055228.713
71.1048 0 825
104,541 111,745
-1897,— Imports.
*186,943265,863
53,07539,3454 *2.48949,980
Excess,$
+74.112- 37,150+ 17,429+40,980+62,112+61,705
987.8W 347,767 +460,207 857,833 638,736 + ‘319,318
November 26, 1898,] T H E C H R O N IC LE . 1089Exports. Imports. Excess. Exports. Imports. Excess.
$ $ * $ $ $G o ld an d G o ld in O re .
4.418 43.333 -38,915 1,370 3,213 —1 ,84s1,808 49,264 —47,456 23,726 3,015 +30,7111.49? ‘3,669 -1.172 5,463 939 +4,5241.956 1 5.522 - 1 3.366 1,984 4.721 -3,737
September. 3-io.i 1 6,m 3 -1 3 7 4 0 143 4,' 23 -4.580October..... 1,2-0 1 6,227 -14,947 313 1 1.775 - 1 1,46 J
Total....... 14,082 143.858 -1*39.696 3 ‘3,999 ‘38,386 +4.613S ilv e r and S i lv e r i n O re .
1 “2,157 6,917 +5/40 1 3.822 7,116 + H,7C1’13,441 A. 976 +6,465 14.332 7+31 + H.40I
4.8-5 3,025 + 1 .*60 4,7(5 ‘3,694 + 3 ,oil4,798 3.895 +903 5.165 3.055 t3 .n o5.152 •3.57* +3,574 4,583 3.086 1.497
October...... 4,513 ‘3.533 1-1.980 5.226 3,2»3 + 1 942
Total...... 43.946 '3 4.924 +19.022 47,832 ‘37,165 +30,667
+ Excess of exports — Excess of imports.
We subjoin the totals for merchandise, gold and silver for the ten months since January 1 • for sisyears.
Ten Moa.
Me r c h a n d is e Go l d . Sil v e r .
Exports. Imports. Excessof
ExportsE x - Im
ports. ! ports.Excess
ofE xpose
E x ports.
Im ports.
Excess of E x ports.
* $ * * t * * t 91S9S 987.961 537 75? 160207 14,0621143,658 *129,596 43/46 39,421 1 9,022i s 9 r 857.983 638,735 319218 3 3 / 99; 38.986 4,613 4 7.*32 37.165 30,6671S9H 779,678 573.555 307023 57.35719 4,413 *37/86 53.013 «4.17 37,8341895 645-016 676,123 •31.105 75404 33.157 43 24 43.459 1 9/79 33,7801894. 0*0.2?) 563.610 96 601 9l.815|lS.63H 73.6?9 39/44 14 4PP 35.4481893.1 690.643 668.453 33.19* 9.TO2 3 6 / 3 134/91 13.342
• Excess o f imports.Similar totals for the four months since July 1
make the following exhibit.
FourMo*.
M e r c h a n d is e . GOLD. SILVER
E x p o r ts . 1 Im p o r ts .E xcess
ofE x p o r ts
E x p o r ts .
I m p o r ts .
E x ce s so f
ExponsBr.
p o r ts .Im
port tEzcesi oj a por
I t * < $ 1 % t 9189S. 366.42 3 01 .4P6 1 04926 7,830 51.061 •13.225 19,3*8 13.031 7.3171897 368.215 18 5/29 18328* 7/0! 33.15- *1 1,255 19.67* 13.118 7,5601896. 334/6* 303,9 0 133066 1 4.366 68.19" *54,132 31.749 9.381 1 3.3641895 358,153 *38 1.623 36.370 39/65 5.341 31.614 19/24 9.289 1 0.2851891. 355.812 337.067 38.175 30/85 7.15* 1 3.532 16/60 6/82 9.3 81893. 303.199 3 1 9 8*2 83/37 3.072'55. *53.7*4 17.326 6,852 10.474
* Excess of Imports.
In these tables of totals gold and silver in ore for all years except 1893 in the four month’s compilation are given under the heads respectively of gold and silver; for 1893 in the table mentioned both are included in the merchandise figures.
The following shows the merchandise balance fo r each year back to 1875.
EXCESS OP MERCHANDISE IMPORTS OR EXPORTS.10_ m on th s e n d in g Oct. 31 —
1875 .......... Imports.$35,768,3551876 ..........Exports. 93,649,9411877 ..........Exports. 71.991,4891878 ..........Exports.237.665.e5l1879 ..........Ex ports.201,443,1931880 ..........Exports. 105,462,4911881 ..........Exports. 130,201,9221882 ..........Imports. 44,113,0761883 ..........Exports. 63,214.8861884 ..........Exports. 37,33*.1521885 ..........Exports. 61,468/231886 ..........Imports. 2,235,9301887 ..........Imports 30,290,8701888 ..........Exports. 81.322,8371889 ..........Exports. 15,13", 5861890 ..........Imports. 28,315,1681891 ..........Exports. 46.4*7,8001892 ..........Exports. 45/65,4591893 ..........Exports. 22,190,3251894 ..........Exports. 96,661,3691895 ..........Imports. 31,105,0451896 ..........Exports.207,022,8681897 ..........Exports.219,248,1441898 ..........Expo rts.460,206,802
4 m on th s e n d in g Oct. 31 —1875 ...Tin ports.* 13,973,1431876 ...Exports. 43,58*.1581877 ...Exports. 34,095,0761878 ...Exports. 81.811,1161879 ...Exports. 86,406.5821880 ...Exports. 74.293,9971881 ...Exports. 32,201,9561882 ...Imports. 4,076,0461883 ...Exports. 17,131,8471884 ...Exports 26,582,3171885 ............ Exports. 6,155,0301886 ...Exports. 3,214,6681887 ... Imports. 3,200.7431883............. Exports. 19,747,5371889 ...Exports. 15,517/701890 ... Imports. 9.593,8051891 ...Exports. 59,749,3711892 ...Imports. 2,359,9531893 ...Exports. 82,636,6811894 ...Exports. 28,175,2971895 ... Imports. 26,370,0101896 ...Ex ports. 132,066,4281897 ...Exports. 182.286,2451898 ...Exports. 164.926,013
p lo u c ta v i js C !> o m m c v c ta X ^ tx g U s l i^ je tw B
[From our own correspondent.]
L ondon, Saturday, November 12, 1898.Lord Salisbury’s speech on Wednesday evening has, on the
■whole, made a favorable impression here and upon the Continent. Early on Thursday morning the inclination was to look upon the speech as disquieting. Prices declined somewhat on the Stock Exchange, and bankers were less willing to lend than previously. For Lord Salisbury left no doubt that the situation is still threatening, and that unless the greatest care is exercised by all the governments, war may become inevitable. As Thursday advanced, however, opinion changed, perhaps more because the speech was welcomed as a relief in Paris.
A ll over Europe the expectation prevailed that Lord Salisbury would announce a British protectorate over Egypt. As he declared he intended nothing of the kind, for the
present at least, the French were relieved and they were still more so by the language used in reference to the French Governm ent.
The more thoughtful people, however, are puzzled rather than enlightened by the Premier’s statement. The British naval preparations are to he continued. There w ill he no declaration of a protectorate over Egypt unless the position is made too unpleasant for our Government. The decaying nations are looked upon as prey by so many aspiring States that a quarrel may arise at any moment. And the battle of Omdurman has so completely changed our position in Egypt that we are unwilling to submit to annoyances. Lastly, the reference to the expansion of the United States is distasteful to many Powers hut favorable to this country, and all combine to excite curiosity and to warn us that we are not yet out of danger.
But where the gravest danger lies and what action is looked forward to as likely to produce war nobody can guess- Opinion here halts between two interpretations—one that a coalition of the Continental Powers is either in preparation, or at all events under consideration, to intervene in the Philippines, and that in that case onr Government is prepared to offer its assistance to the United States ; the other is that Russia and possibly other Powers are meditating some bold stroke in China. Although, then, the speech, upon the whole has been favorably received by the Bourses and the money markets all over Europe, the general public remains anxious, and it does not seem likely that there w ill be very much increase of business.
It is true that prices have recovered since midday on Thursday and that, furthermore, there has been some more buying of American securities, South American and British railway stocks. Bat all the purchases have been practically by members of the Stock Exchange and professional operators. The great public is doing very little. In France business is quite at a standstill. In Germany the liquidation is still going on. In Austria-Hungary enterprise of every kind is paralyzed.
The result of the United States elections on Tuesday is welcomed here as giving promise of a satisfactory and permanent settlement of the currency question, and doubtless that would stimulate investment were it not for the great anxiety that still prevails respecting politics. These anxieties have not only stopped speculation and greatly checked investment, but they have entirely pat an end to new enter prise. Even trade itself, at all events international trade, has somewhat suffered.
It is indisputable that the home trade is better than it has been for very many years. Iron is rising, so is copper; employment is abundant, wages are advancing and almost all manufacturers are full of orders. But our exports do not show very much expansion. The returns for September were exceedingly encouraging and it looked as if we were about to do a much better business than for some years past. But those for October are less satisfactory. More particularly our exports to the United States are exceedingly small and, on the other hand, our imports continue as large as ever.
On Wednesday the Imperial Bank of Germany raised its rate of discount from 5 to 5J per cent, and, as a consequence, the German exchange upon London has somewhat declined, although it is still very high. Apparently the repayments necessary to he made in London are drawing to a close, especially as it is understood that the German hanks have been able to sell here a considerable amount of German and Prussian Government bonds. But the pressure in Berlin is still very great, and is likely to continue so for a considerable time. The Bank of France has not advanced its rate, as was expected, though it would look as if the Bank was preparing for some such movement. A t all events there i« avery considerable decrease in the loans and discounts of the Bank.
In London the Bank of England has all the week been hor" rowing in the open market. It is gradually raising the rate of discount to nearly its own level, which would look as if the Directors were preparing for a further advance. Possibly if political apprehensions abate there may he no need to make a change. On the other hand, if the Bank of France should raise its rate to 4 per cent, there will in all prob ability he an advance here.
The Bank of France, however, w ill consider a long time before it makes a change: for tlife German Bank acceptance
1090 t h e c h r o n i c l e . [Voj„ LXV11.
tlK* rate in likely be
W14 In pjuit flO©MS$Otiii in amount, mid if Pwt* cosld be r*i**d to 4 per cent there would very * dit-acItMTiun to oontisu'.o employing money in Germany, lti t jha* might have very serioofl re*ulU in all the ureal &er- « . . . dtfc*. Still. both the Bank of Englafid and the Bank Of Fras>-e »re «i*Wag preparations, it is to be hoped that the German liquidation hi# now advanced far enough to prevent ssv arriou* failure*. Of t » « w it is auqqeatiOhablo that
cre»t .J-Vtilator# in Germany are embarrassed aud it u alij certain that some of the bants have a very great loclc-
sail m much time has been Riven that the banks no dotrbt- are now prepared for a il coni 1 bgm*—i ‘-i*. ..
T tc India Council continues to sell its drafts wonderfully weM It dlef-d for tender on Wedneaday 40 Ucs ana the application# etowded H « lacs. The whole amount ottered wsii fold st price* slightly over la. 3 13 18d, per rupee.
i"t, .m u* return snows the position of the Bank ol BagUnd. {hi? (tank rate of discount, the price of consols fte., compared with the last three years:
isaa. i$»r. is*s.,\'sr, 9 iVor. 10. Bov. II
K S b* ,........ ftvft-u.*w*____ ____ 3W-MM.W1^TrTt^esf — v.. UMgJsf Jj
K4**r*« of ami e»o4»>. at-ftlCar*.a 4 s»*4Ji d«*p«trt,3T>T* *34jS#; #.. fwo-n o 4‘v IfcAt-iliGe*. p-cL ’iHl « » i r%i* ........ P *t c a n t . *QomnoMk 7% f t f * * « * .... -•**-* - \.1r z•tea,«r . .* 3*144.{SEtftfHMC 4Jo«m> net ........ S I Wft.OW
fT.S73.04S 6.7v»2,<44
30.01 ?,H>9S7.TUV46
48 3-10 3
I l f 11-18l&i.hl.WQ
S0.6 if'.:>io b.3V3,v«i7
48.509,134 13.74*1.1 Ort 27,»129.84 4 35,7 IMW 3&,40<,V05
62*4
110M8tW.
138,910.000
1895. S o v . 13.
£25.907,065 6,37ft 4 to
49.237.0iV14 .*36.5 26 25.7-U .723 3l.S39.t-0! 40.047,708
tm2urnSO 15-lQd. 132,4 u 5,000
The rate* fo r m oney have been as fo llo w s :
0 p « [4 M a r k f t R ' i t t J ,I n t e r e s t a l lo w e d
f o r d - t y s U - ' b ir
l * * J 6 e * i t e m * f t t i is . 7 Y a 4 e B i l l s - O i B ’t W s
i A t 7 -1 4
i1 M m i M m . 4 M o n t M . a k « » . 4 M i * . B a n k s C a l l D a y t
» 9 H S M 0 P H S M & i 2 * 2 * 2 %
m l 3H * 3 H 4 4 2 H
- a s 4 s 1 * 3 H * * H l 'A IM 4 « M k m
4 J n - \ r + 3 H S H 4 4 2 v 23a m
*• i t it J i w U M I - ' a ] » K 4 4 VW m
1895.11,815,840
4,000,3503,121,905
Supplies available for consumption (exclusive of stocks onSeptember 1): „ _ „ „ „ „
1899. 1897. 1896.lYhaiit Imported, owt.11,971.000 12,074,500 12.61s,930 import* of Hour...... 3,778,730 2,91—,0.0 4,10—,820vale* of holuo-growu. 6,566,009 6,671,687 5.764,820
Total....................22,315.7391898.
Aver.price wheat,we#k.28«. 4d Average prloe, season..26s. 84.
The following snows the quantities of wheat, flour snd maize afloat to cue United Kingdom:
This week. L a s t week. 1897. 1896Wheat............qrs. 1,167,000 1,208,000 1,945,000 2.125,000flour,equal to qrs. 368,000 311,000 835.499M a t r e . __qrs. 665,000_____564,*>00 315,000
f l s r a e t # - P e r O a s is ,
300,0001,020,000
B u g ila i i e t n a a iu a iTbedaily closing quotations for securities, etc., at London
*“ - raecrtHd bv cable as follows for the week ending Nov. 25 :
LONDON
Silver, per ounce..... 6. lonsols., new, 2 \ p.ote.
'.’or aoooanT..............Fr'ob rentee(lnPari8)ft.Spanish 4s....................Atoh. Top. & Santa Fe
Do do prel. Oanadtan Pacific. Central Paoitio—Jueaapeake & O l io......Ohio. Mil. & St. Paul... Denv. & Rio Or., pref. Erie, common . . . . . . . . .
1st preferred...........ClUnolB Central......... .Lake Shore.................Louisville & Nashville «o Ran. & Tex., 00m. S. Y. Oent'l & Hudson
Norfolk & We«t’n,pref.
The Bank rate of litcom m l eii-u market rates at tbe chief Continental cities have been as follows:
SU14* * f tfktorm mi
are*, n Sov. 4, OcL 23, Oct. 21.
XUnkRat*
OpenMarket
BankBate. Market
BankBate.
Op*nMarket
BunfcBate,
Open Mark e
rm rU ------------ 9 ■IM 9 S « 8 3 m*H IM 5 ft 5
IlMatNC H4 *H ft * H 5 *M 5fn id fort • H 2-M ft IM 5 4% 5 4kAsmssm-T&AiB tH 1H ZH 2% ■IM 2M 2!4
9 *v 8 3 2H 3 2WTWms. ‘ H <% 4W i IM. PiMfilmr*. 5% 5« 6% 5 6 5* * 2K6 6 ft ft 6 5 6 ° &
A & ft 5 5 6 5
1 ho quotations fo r bu llion a re reported as fo llo w s :
Go l d , Yop. S o t . SILVER. S o t . X ovl* n 4 o n S tandard . 1 0 . 3. L o n d o n H tandard . 10 3
. d. I d. d Hiflax do*)___o» »% 77 9*4 Bar diver, Hne...ua 18% 58qBar rold.partiau.oa 77 9% 77 0 % Bamllrnr, eontatn’gV .A- gold «?olin a t 76 5 76 5 do 5 gr«. gold or.. 287- 2813ih*gm*n fo ld ooiOrQ*. 76 6 76 « do 4 gr». Kind or 2 ««-,W rench goM ftoiii.o*. 70 0 76 9 do 3 ur*. gold.or. 28 7.8%
y«a___OJt. 78 1% 70 4% C»ke Rilver. 30Lf 3<)7nduller#.oft 27 27%
date o fMiewrs. Ptxley and Absli write as follows underJfov, JO:
Hold.— N.arly all the arrivals coni lour to reach the Bank, end only r-ropsrat!irly mu*!! amount* arc wanted for the East. During the p i*j *. ,*7.(M>9 has bof-n purchased nbd V 170,000 has been—stbdr®* t, A rrt v.,!» r hill. # 5 ,0 0 0 : Capetown, V270.000; Now Zealand, ss.or* . Aoilrslis; 453,0*81; Bomt.av, *75.000: West Indian. *34.000.
x442.<*to. ehquuntil.: Gibraltar, *.*..0' O; Bombny. *108,500, Total, . l id . ' " 1 For month of October -Arrivals: Itu* - 1 a, *44,000; O ' I s ' . - i , ; 1. ■ * * * r »■ .<•••. - :,»7,rmo; s r s !, ,,. A c ,, £ t8 :t,o n q ; ■ , | , s - " f” - 1 ■' ; ■1 ■ ■ K a i *■ 1. i,,,, 413,000: France, *108,000; Germany,* r 45.dk>; Japan, *120,000; tj, 6 . A„ *831,000.
'•triplet. 4 tier purcha-, s, silver fell to 277n,ji( *rt£et i* sica.l v. i.o loc b> covering orders from Vew IV,rk market being oversold, the Indian vat*; New Y«r«, *147,000; Chill, 4 109,0*01 Total, *391,000 Shipments; Bombay, *58.-
-71 Tr>|stl. *40.827, For month of Octorer—• «."0 i Belgtnm. * > 16,* t>Oi Frsuce, *316 000. , 000} v aline *505,00 '; Russia, * ,53,000;
. slu. & 103.*) ■1J frtbaa IrnLsrs —Ter r,rarest p r i c e Is now 274., at which there is
r**'a# it tabs wkutatid for the Fast,The following shows * he liU|K>rtsof corsal prcKliieo
th« Unitod Kingdom during tho first ton weeks of the » »W 8 compared with prerioos seasons:
us roars.
(UltiT-f, — Jaaivi»t. nrtrstf thit IDAib * OowWw-wftt M'l the :ffUm MM *. 7 t V
fft,'!!*•. IM.1 f t .
Si Oftfi.U-ofi-g K*w*t, fltStQ
A rn**t<} fifTwm 8T, St -"flfls i n f . J
W t 1 » ia ] . jU 2 V n« 1 ---- fa-H . .
intonew
1898, 1897. 1896.tWperl*nrw>M»t.«w1,n,97l.ooo 12,074.500 12.018,930Bs.r.<r.................. • ,SI7<-..500 4.771,004 9,369.8900»*s......... 9,173,770 2.991,980 3,049 340F oas—. . . . . . . . 4 9 3 / ,10 0 39,0 10 * 1 8 3 5 5Sw aasi.............................. h l l s n O *02.500 70 6.5*0I a s i »» «wrn........... . 9.07*5,500 9 / 0 4 .7 0 0 12 .7 *8 ,7 8 0n * m . ........................ 3,7;8,7*0 2,912.000 4,102,823
1895 14,845 640
0.382,600 2 617,940
572, >10 815,310
8.512,200 4,000,350
Preferred .........'enneylvania ...
* ’Vila. & Read—Phil. & Read., 1st pref
* /nil. & Read., 2d pref. Santh’n Railway, oom
Preferred.................Union Paoitio-----
Do new pref. Wabash, prefer* > n
Sat. Hon. Tues.
27lSi„ 27lBi, 271Ble110ila 1101,. 110%1103m 1103 R l 0 ‘m01 87% 101 95 0 .97%
41^ 413, 41*416*4 16% 1745% 48% 46 °885*3 86J% 86%28Je 28Lj 2923% 231« 23^4
115% 116% 116%62% 63% 63H14 14% 14*4363j 37% 37%
114% 115 115%199 199 19:*
61% 62% 62*412 12% 12%
1120% 121 121%16 16 1656is 56% 57*8
1 40^9 •Ills 41*477 77% 7 7 %60^4 603g 60%
8% 8% 8%20% 20^ 20%9% 9% 9%9% 10 10
39 39% 39%35*8 35^ 35%69 70% 7022S*i 23 23*4
Wed.
27 7e 11008 llOhj 0210
-121717%86^28 7r23 s,
I I 68464 >4 14% 37%
115*4 199 63% 12%
122% 16% 57% 1'. % 78% 61% 8%
2 1 % 9% 10%
■11% 35% 70% 23%
Ihurs.27%
UOllje110%01-97%
4217%
87 V;"
117%
'Y i% ‘88%
115%
FVt.27-It
1 U05ie i l l02-27%
41%17%
87%"" 28 t8 23%
117% 64 '4 14%:.s%
115%
63%1*22%
78%61%9%
70%
63% 12%
1,3 17% 57 >4 4 2% 76% 61% 9%
24% 1110%4237707s23%
* Price per share.
.©ommcrctaX and l^lisccIlajxeoxtBljrCixJB.N ational Banks.—The following information regarding
national banks is from the Treasury Department.HATIONAL BANKS ORGANIZED.
5 151,—The First National Bank of Bristol. New Hampshire. Capital, *50.000. Henry C. Whipple. President; B. F. Perkins, Vice- President: Win. C. White, Cashier.
5.152. —'The Colonial National Bank: of Cleveland, Ohio. Capital,$500,000. Henry O. Christy, President; J. F. Harper, Cashier.
5.153. —The Ciiy National Bank of Harrisburg, Illinois. Capital, $50,-000. ------- , President; Win. M. Gre^?g. Cashier.
5 .1 5 4 . —The First National Bank of Buffalo Center, Iowa. Capital,#50,000. p. M. Jolce, President; A. W. Winden. Cashier.
5.155. —The National Shawmut Bank of Boston, Massachusetts. Capital, •3,000.000. James P, Stearns, President; Frank H. Bar- hour, Cashier. Ocrtiileate issued November 16, 1898.
C O R P O R A T E E X IS T E N C E O F N A T I O N A L B A N K E X T E N D E D .2,401.—The N a ■ tonal State Bank of On. Ida*, New York, until Ootober
31, 1918.2,404.-T h e People's Nation il Bank of Marlborough. Massachusetts,
until October 31,1918.2,406.—The Little Fails National Bank, Little Falls, N> Y., until N o
vember 18, 1918.INSOLVENT
2 ,2 0 8 .—The First National Bank of New Lisbon, Lisbon, Ohio, Isaac B. Cameron, Receiver.
9 0 5 ,Tiit- Tradesmen's National Bank of the City of New York, New York, Win. H. Kimball, Receiver.
Imports and Exports for the W eek.—The follow ing are the imports at New York for the week ending for dry ...oods N vv. 17 and for the weekending for general merchandise Nov. 18 also totals slice the beginning of the first week In January.
FOBRK5K IM PORT* AT NEW YORK
fo r week 1898. 1897. 1896. 1885.
Jry goon*......ton’l raor'rtlso
T o ta l.......Since Ja n , 1
)ry good*------len'T raer’dl***
Total 46 week*
SI.523,27.1 8,874 096
*10.31)7,370
*81,694,012297,957,178
*379,851,220
SI,092,281 4,517,080
$1,464,3147,651,492
$2,023,879'7,150,262
$5,609,361
Si 09 886,018 323,216,162
$433,102,210
*9,115,836
*90,771,963299,575,992
*396,347.955
$9,174,141
$129,422,195334,294,950.
$463,717,151
The imports of dry goods for one week lat,*r w ill be found i a our report of the dry goods trade.
The following i a statement of the exports (exclusive of s scie) from the port of New York to foreign ports for the, week ending Nov. 21 and from January 1 to date:
E X P O R T * P R O M N E W V O R K P O B T U B
1898. 1897. 1896. 1895.
for the week *10,396,103! $10,041,468 Srev. reported 415,413,233' 357,070,415
$7,721.285 334,965,414
$7,420,408:296,522,457
Total 46 week*!$425.809,3361*307,1 2 0 .0 8 3 $342,686,679 $303,942,865
N o v e m b e r 26, 1898.J THE CHRONICLE, 1091The following table shows the exports and imports of
*pecie at the port of New York for the week ending Nov. 19 and since Janttary 1, 1898, and for the corresponding periods •n 1897 and 1896.
EXPORTS \NO IMPORTS OF SPECIE AT NEW YORK.
G old
Qreat B rita in ..........F rance.....................G e rm a n y .................W est In d ie s ............Mexioo .....................South Am erica .......A ll other countries.
Total 1898........Total 1897........Total 1896........
Exports .
Week. \ S ince J a n . l .
$1,000
$2008,000
2008,824,506
8.500147.298
20,292
$1,000 $9,008,9 56 30.505 29,804,023 40.700 51,210,567
Im p o r ts .
Week. S in ce J a n . L.
$15,32646,320
8,556
*4 5,689,788 16,988,376 29,476,123
2,780,655 101,9 «1 764,069 561,908
33,078
$103,280120,243764.099
$9^,362,90013,477,788S2.721.734
Im p orts .
Week. 8 in c e J a n . 1 ,
$6 ,4-4775
$42,79824,907
4,010298,220
1,127,0541,3482,270
S ilv e r .E xp orts .
Week.
G reat B rita in ..........F ran ce ......................G e rm a n y .................West Indies.............M e x io o .....................South Am erica .......A ll other countries
$837,712
5.950
S in ce J a n . 1.
$39,6«2,4< 3 967.082
2.610 560,105
14,159 215.099
8,72510,956 718,896
76,617
Total 1898........ , $843,662 $41,430,223Total 1897........ 881,103 41,427,094Total 1896........ ! 973.850*46,872.478
$21,803 $2,292,502 75,915 2 ,4 0 ,56 835,248 2,624.332
Oi the .above imports tor the weeK in 1898 $i 0,898 wer» American gold coin and $1,541 American silver coin. Of the exports during the same time $1,000 were American gold •coin.
New York City, Boston and Philadelphia Banks.—Below we furnish a summary of the weekly returns of the Clearing- House Banks of New York City, Bostoa and Pniladelphia, The New York figures do aot include results for the non member banks.
&ANK8.
v .*Oet. 29.. 2*ov. ft.. •• 12.
44 19..a«>«,4Nov. 5.
44 12.. 44 19..
**h lla . * N o r. ft..
M 12.. ' 10..
Jap ita i & Vurvtus.
S134.184.0134.184.0 134,184 0134.184.0
88.587.388.587.388.587.3
867,232,6 678 845.1 ‘187 8 57.4 693,785,2
Specie.
i1613465157428815040001593536
185.782.0 16.225,0184.118.0 16.511.0 182,160,0; 16,822.0
Ltgais.
I55.138.653.866.1 52 855.8 53,922,0
6.838.07.148.07.343.0
35.388.0 123,183.035.388.0 128,007.01
I 35.388.0 123,055,0
42.537.042.050.043.282.0
Deposit*.* G ir t 'l’n. Clear int
701.674,2769.087,4777,000,078d,432,9
215.034.0214.068.0217.063.0
140.441.0141.612.0143.320.0
15,538.516,033,815.789.115.971.1
$791.119.0870.3P3.4 847.498.5 It 957085
6.301.0 153.052.05.906.0 116,323,95.872.0 127.863,6
5.941.05.922.05.946.0
73,483 0 67,785.2 83,501,7
New York City Clearing House Banks.—Statement of coalition for the week ending November 19, based on averages of daily results We omit two ciphers COO) in all cases.
B a s k s . C a p ita l z u r p i ’s - L o a n * , i Specie.
flank of New York.. $2,Manhattan Co......... 2,Merchants’ ............. 2,Mechanics’ ...... ....... 2,America ............... .Pheulx .................... jCity ..................... |Chemical.................. !Merchants’ Exch’geQ alia tin------- ----------Butchers’* Drov’rs’ Mechanics'* Trad's’Greenwich ............Leather ManufacTsSeventh. ...............State of New fo rk .. Ajnencan ExchangeCommerce ..............Broadway ............. -Mercantile..............Pacific ..................Republic. . . . . . . . . . . .Chatham — ...........People’s .................North America........H anover.................I r v in g .....................Citiaens’ ___—..........Naseau ........ ......Market A Fulton...Shoe A Leather......Corn Exchange......Continental..............Oriental .................Importers’* Trad’rePark ......................K»-*t River..............Fourth. ..................Central . . . . . . . . . -----Seiond.....................n in t h .....................F ir s t ......................N . Y .Nat’l Exch’ge.Bowery......... ........New York County.. German American..Chase,......................Fifth Avenue..........German Exchange..Germania......... .L incoln ...................•Garfield..................Fifth.........................Bank of the Metrop. West Side . . . . . ....Seaboard...............•lx th .....................W estern......... ...First Nat. B 'klyn... Wat. Unleu Bank...Liberty .. .............W. Y. Prod. Exch'ge. Rk.of N. Amsterdam
Total
000,0 $1050.0 2; 000,0 000,0500.0 000,0 000,0300.0 0, 000,0 000.0300.0400.0200.0 000,0300.0200.0 000,0 000,0 000,0 000,0 422.7500.0450.0200.0700.0 000.0500.0600.0500.0900.0 000,0 000,0 000,0300.0500.0000,0250.0200.0 000,0300.0750.0500.0300.0250.0200.0750.0ooo.o100.0 200,0 200.0300.0200.0 200,0300.0200.0500.0200.0,100,0300.0,200,0500.0,000,0260.0
858.0 014 ,080,4 16 ,061,0 U ,005,1 11,.612,5 20,-----.1 4
83243.4 ,322,8996.4176.1
.725,4121.2174.2172.0482.6109.3518.3
,610.6 .602.0 .62 ’ ,8 .013,6 479,2834.1988.6204.8554.5
,240,2368.0378.4206.0074.1154.0.200,8005.2403.0 ,615,1 ,235,9154.7
,030,2510.0721.1287.6488.2 50,8
014.2450.3277.3
,129,0 .170,1575.9
244, 8,1.
4,1,8.
26, 27, 6. 12, 2,
17, 6, 1.
la,38, 3. 2, 2, 0, 3. 9.5,1
24 41
L25, 11, 5. 2,
31.1,2 3.2.
297. 2.3, 0, 5,1.4.2,8. l,
707,7 30
754.2748.2 857.0 320 3802.2351.2384.2349.3
954,0 948.5 14,335,9358.8310,3
,030,0 02.500,0! .221,0 5,384,0 .440,3 3,026.0 ,433,0 2,079,0 ,985,7 4,2C 2,5 ,333,0' 853,0,087,4 23,134.0 759,1 8,893,6
.892,4,554.0
1.190.0 1,555,5
231.8! 3U8.0| 100,0] 801,0 490,41406.2
2.831.02.664.3 1.717.72.950.3
617,74,699,
802.2____83.4,9,540,9 2,959,0 ,*>10,2,10,02" ,027,0 .531,1 ,593,9 105,6
970.9; 182,0 968|4 ,216,6 ,812,0 ,926,0 .274.0, .311.8 .824,0 ,965.3 ,666.0 ,602,7 ,041.2, .846,o'
451.4698.2557.0
1,375,8980.2
1,721,11.391.0
240.05.310.0
•04,0 12,037,0 165,9' 358.8
5,368.33.760.0
,960.1].01l,0:,962,9,831,11,847,0
L ty a ls . D eposits
$1,040,0 $13,910.01.660.0 19,292,0 1.2(6,5 10,816,0
779.01 11.182 01.876.0 24.322.8
234,0' 4.290,02.88*.2 103.655.1 1.290,5 27,908.4
336.01 5,789!098,4] -97,8
231,0 2*10.9 233,0,128,9261.2
2.903.0 3,075.5,
209.9!720.3427.7023.11 810.6 340,9,079.8
7,607.; 1,303 5 1,420,(
031.4 4,119,* 2.202,1 3,160,;
21.037,1 21.902, f
0.062,( 13.728.<3.502.1
2O.303J6.091, <2.803.1
15,118/2,165,0 48.004
434,2, 3.715148.0 -------316.1 659.9
,079,0 ,910,0 ,991.0 ,098,0 ,4 30,3 4 31,3 .759,0 ,260,0 .911.3 ,733,8 ,592,0 ,155,7 ,366,9 ,927 8 ,593.7 .814,9 ,803.8 .305,0,Ho2.0,740.0408.0039.0
,4H5,5 ,64 i.9 ,009.0 ,020.4
............ 68,272,7.75.911,3 693,705.2 1593530 53.922,0 780 432.9
1.1*33,0979.4
7.203.3251.0501.1 640.8608.2
6.847.31.619.9
186.4561.1
1.681.9 1,069,7
428.1 1.234 3
204.0 1,325,0
281.0 0 827.2
893.1 3.619 6
708.7784.4620.2
203.2990.0372.1474.0
1.890.02.617.0
154.82.417.5
964.0557.0241.4948.0199.4512.9 3^0,4 3-'3,0
4.187.0808.0 742,1803.8430.0490.6170.5613.8397.0
1.540.0130.0
1.040.5 1.283 6
507.7405.6 203.5238.7
3.001, 3,457, 0,658, 4.703,
11,189. 0,777, 2,000.
25,911 52,63 1,
1.400. 27.931. 10.180. 6.747.3.314.1
32,185.1,399,3.734.'3.680,2.990,
37.044,8.819.3.3105.1 *7. 7.790 0,090 2,153, 5.973. 2,591,
10.801, 1.515.
36,211, 5.52 /
16,800. 4,431. 8.743. 3.310,
Reports o f Non-Member Banks.—The following is th e statement of condition of the non-member banks for the week ending Nov. 19, based on averages of the daily result We omit two ciphers (00J in all cases.
BANKS.(00s omitted.)
Ne w Y*or k Cit y .Astor Place..........Colonial........
oltncbia..............Eleventh W ard— Fourteenth Street. Franklin National.3angevoort...........Hamilton------Hide * Leath. Nat.Home.....................Hudson River......Mount Morris____Mutual..................Nineteenth W ard.P laza........— ____Riverside...............State......................Twelfth W ard ......Twenty-third W ’d.Union Square........Yorkvlile ............Astor Nat’l Bank..
B r o o k l y n .Bedford................Broadway.............Brooklyn...... ........Eighth W ard........Fifth Avenue........Fulton..................Kings County.......Manufacture* Nat’! Mechanics... Mech’s* A Tradr’s’ Nassau National..National City........North Side...........People’s................Queens Co. (L.I.C.)Schermerhorn......Seventeenth Warr* Sprague National.. Twenty-sixth W ’d.Union... ........Wallabout........... .
Ot h e r C it ie s .
Capital.
Loans & Sur- Invest- plus. ments.
$250.0100.0300.0100.0
200,0200,0500.0100.0 200,0250.0200.0 100,0 100,0 100,0 100,0 200,0 100,0 200,0 100,0 300,0
302.3 05,9
189.4119.5 53,80,026.3 85,2100,284.1
189,393.1
113.225.4
110.5101.784.4
150.847.1
301.8 128.0
8,7
2.321.3 723,1
1,861,01.305.6
727,7571.0728.3
1.219.42.058.7
552.31.101,01.432.7
879.6653.6
1.413.5099.0
1,576,01.144.5
784.31.981.71.164.21.945.2
150.0100.0300.0100.0 100.0 200,0150.0252.0500.0100.0300.0300.0100.0 100,0 100,0 100,0 100,0 200,0 100,0 100,0 100,0
105.7114.8 160,035.1 50,4
109.059.3
423.1389.8188.5500.9557.6111.1 105,8 124,557.1 05,6210,151.345.432.4
1,030 31.430.8 1.081,7202,2
u22,2844.6 591.8
2,182,32.2b6,0
835.74.035.02.175.0
834.2 7y0,0
1,858,2473.3403.0
1.008 2 380,2 2d2,7559.0
1st Nat., Jer. City. Hud. Co. Nat. J. C. 2d Nat., Jer. City.. 3d Nat., Jer. City.. 1st Nat., Hoboken. 2d Nat., Hoboken. Bank of Staten Isl. 1st Nat.,Staten Isl.
Totals Nov. 19... Totald Nov. 12... Totals Nov. 5. .
400.0250.0250.0200.0 110,0 125,025,0
704.4 521,1381.5 190,9 417.083.144.2 71,0
4.072.7 1,907,5 1.377,0
848.61.634.8
804,4 390,1689.7
iQ,OI 2 ,0 Q,0 1 2 ,0 0 .0 1 2 ,0
8.531.98317.9 8.531.0
6 2 ,4 0 7 .66 2 30S,4 6 2 ,7 4 6 .2
SpecieLeo* 2. A B ’k Notes.
Depos
Clear'Agent.
t. withOther
Bks.Ac
Net \ Le- | vofits.
$ $ $ $ $214,0 45,6 264,3 105,0 2.732,6
14,8 71,3 152,3 870,3120,3 106,7 180,5 35,0 1,934,057,8 80,6 246,7 1.578,814,7 80,1 140,0 £03,250,3 10,0 79,0 467,021,7 46,0 55,9 547,840.1 82,8 90,8 1,243,7
224.3 '51,0 115,5 1,654,858,8 46,2 18,2 17,9 568,534,0 88,0 191,0 1,215,063,0 l3o .l 103,2 333,3 1,971,117,8 93,7 179,3 1,8 860,113,2 luo.7 101.1 9 862,94y.o 88 3 73,5 ___ 1.430,29,1 40,8 81,2 736,9
81,0 40,0 136,0 203 0 2,008,020,5 l ’iB.4 149,3 16 ,7 i .627,323.4 90,6 34.6 213,7 1,048,7
106,5 aas.e 231,4 2.526,0105,3 93.2 9b,9 82.5 1,286,5226,1 178,5 31,8 1,900,3
30.6 77,4 169.8 85,0 1,202,212.5 130.1 147,8 1,561,882 5 46,2 297,7 149,5 1,341,012,7 20.8 48,0 18,0 242,625,4 21 5 45 7 28,1 481,058,6 39.9 174,5 800,537,7 28,6 9s, 5 587,4
282,4 2»u,<: 706.1 3,020,4108.0 10 .0 156.0 2.210.549,0 49,7 130.3 05,8 931,1
211,0 leo.o 4b8.0 8(»,0 4,149,0181,0 368.0 410,0 257,0 2,915,0
9,9 57,6 127.4 43 3 887.442.9 32,1 01.9 70,1 877,965,7 93 4 390,1 65.5 2,270,2IS 9 23 3 133,7 480,79,0 40,7 53,0 80.3 419,4
10-5,2 10,0 295,0 13 0 1.060,011,2 24,2 113,1 1 8 439,77.2 14,4 20,2 20.0 219,8
11,7 34.5 48,6 127,4 649,7
130,-r 213,4 041,4 669.9 5 287,087.2 53,6 139,1 It 1,3 1.614,356.1 5'»,4 200,4 1.106,022 4 07,7 91,9 50 9 829,899,5 29,5 178,0 247.1 1.602,147.1 36.8 70.5 81,3 846,221,0 35.1 87.1 6 493.525,1 23,7 91,9 671,9
3*423,9 4 .1 9 8 ,9 8 ,4 0 3 .8 3 , 4 5 8 3 6q,/C2,3,?37-4\4,205,0 Q ,W .7 2 .8 7 6 ,6 6 8 ,8 4 8 ,61 ,1 0 3 . 1 .0S1 .6 8.514.9 1 .8 1 3 .4 8 8 2543
Auction Sales.—Among otner securities the following, no ! regularly dealt in at the Board, were recently sold at auction.
By Messrs. R, V. Harnett & Co:Shares.
14 Cent.N. J. Land imp. Co. 4 75 Ainer. E x . Nat’l B a n k ... 173 25 N at ’l P ark B ank ...............355%
B onds.I $15,000 E tn a Coal & Iron I Co. (is, 1945. < 897 coupons j o n ........................................... 1
By Messrs. Adrian H. Muller & Son:Shares.
1 Phen ix ins. Co o f B ’k lyn l77 1 Ainer. District Tel. Co. of
Brook lyn ......................... 251 Brooklyn Trust C o ..........4oO2 N . Y. B klyn A Manliat.
Beach R j . Co., p re l’d .. 712 Am erican Surety Co.......1771 State T rust C o ..................1911 Franklin Safe Depos. Co. 1002 M ary land Trm-t Co_____ 241%2 Sprague Elec. Co., p reC .1002 0pragm- Elec. Co., com .. 25 N ew Eng. Mtge. Becur.Co. 25 1 23d W ard Bank .1 0 150 Bank of State of N . Y .. 112
35 Law yers ’ Title InsuranceC o .................. 150% to 152
100 Loui«v. F ran b y . A St. L.Consol. RR . ( 'o., pref. $50 lot
617 Louis. E v .A St.L. Consol.RR. Co., coin ...............$15 lot
5 Ninth N a t ’l R ank........... 745 Western Nat’l B an k .......1705 PJaza B an k ....................... 350
10 Bank of A m er ica ............ 385%10 H erriug-H ali-M arv in Co.
p re fe rred ........................ 1 1 %
Shares.25 W estern N a t ’l B an k .......170lo M ercantile N a t 'i B a n k ..185 37 Union Typew riter Co„
2d p re f........ 99%7 U . S. Casualty Co. o f
N. Y ..................... $110 ner sh.2 Prem ium Reserve Co. of
Wrt-t V irg in ia ........ $5 per sh.25 U.S.A .Pegam oidCo.pf.$15p. s.
B onds.$250 H am ilton Club, Brook
lyn 5 s........ .................. 92$1,0' 0 South SideSportm en’s
Club 5s, 1911....................... 94$500 Crescent Athletic C lub
5s. 1911 ........................... 91$2 500 N . J. Steam boat Co.
Consol. 5s. 1921. M & N - 93$ 2 0 OO" Col. A Tol. RK. Co.
1st 7s, 1905. F & A .............116 5a1 Membership N .Y Prod.
Ex. (all dues paid)__ $125$H>0 Union League C lub of
Brooklyn bond ................... $92$4,000 Detroit Ry. Co.1st 5s,
1924 J*fcD. (E x -D e c , 1898 Coupons)............................. 102%
Daubing and ^financial. Spencer Trask & Co.,
BANKERS,27 Si 29 P I N E S T R E E T , - N E W Y O R K ,
65 sta te S tree t, A lb a n y .I N V E S T M E N T S E C U R I T I E S -
georoe Barclay Mo ffat. dbbXAADiSK HI. YV 11 Hr., J K.
N o .
M o f f a t & w h i t e ,BANKERS,
N A S S A U S T R E E T , . . . - M : « V O U K .
I N V E S T M E N T S E C U R I T I E S .
THE CHRONICLE. [V ol . l x v h ,1002Cankers' OSasctte.
tl 1 V 1 D K D Dm.
Jfmm* P f CkmjMWir. i'trO t « i .
Wh< nFoyaAU.
Book* eloped* (Day* inclusive.)
<Vs5»»i preT.0kk. A lUtL IlilBoU, oott------CWt C5* ASL U pttqUAr.) t m A He4 CsHil i^taurj.M.pbsi* Offtiml .
1 1 * r f IlftSMNk U1. AsaraH»» si*lnkwt*o«jr*l.., ....*. I{^ la t p tWss 1 A' Soh.i HIilj* A £ fiwi
gAs© BatMinf iquar.iF*9*r. wro........
*- ** prafi (ottir.)M}ttveU'8^r«(»^§ntih Vallc.p? T ime**VMfc Mt.ntsig .,«.+ .* . . . . — jt'Jat*wat*** Uitlur.pf,inuari1 W#3»b4he2i LJgfct ojuato .........,
\i*4 I
11 *0. Dec. 1 Nov. 19 to Doc. 1
J *n. 20 Jan. 1 to Jan. 5
t 1* Jan.lf> Dec. 1 to Dec. 15
to
l Dw. •23 Dec. 11 to Deo 23
m Dec. 15 DC©. 0 to Dec. 151 (! iHs 2
Pc©. 31 Dec. 16 to Jan. 1! Dm * 1 Nov. 22 to Nov. 30
*4 Dec. 28 I>*o. 1 to Deo. 111*4
10JuU. 3 two. 16 to Jan. 3Dtd. 23------- to -------
v r u . » . H T R K K T . K H I U a V, N O V . 2 S , 15*98.-5 P. M .
rhr Soney Market and Financial Situation.—The security market* reflect the more hopeful outlook in regard to n*ln nal finance* wbicti now generally exists. Investors are fre.-1 v parchasing bonds and high-grade stocks at advancing price*: and there is evidence in some quarters that new en- terpris** or the rehabilitation of old ones are in contemplation. A feature of the Week was an unnsnal advance in «-c»riU*is of the anthracite coal,carriers. To those who are familiar with the coal industry during recent years this fact suggest* » pMsible change of methods in that department.
It I - now generally understood that the Peace Commission at Parts i» probalxv closing its work by the completion of a treaty which will > e accepted by both the United States and Spain *.hu« removing what has been for some time past a aiot< or h«* uncertain factor. In other directions the foreign ; ’.it: -al situation appear* to be more settled than of late and at the same time the European money markets are easier. The ;<k « i money market continues abundantly supplied with funds and rates are about as we last reported them.
The open m irkc-t rates for call loans on the Stock Exchange daring the week on stock and bond collaterals have ranged from -’ to V15 per cent. To-day’s rates on call were 2 to2)^ per cent. Prime commercial paper quoted H'.j' to 4M Per cent.
The Bank of England weekly statement on Thursday snowed an increase in bnllion of £587,941, and the percentage of rwerri- to liabilities was 54*60, against 53*90 last week; the disc. >unt r»*'* remains unchanged at i, per cent. The Bank of France shows an increase of 1,425,000 francs in gold and 745.006 francs in silver.
The Sew York City Clearing-House banks in their statement of Nor. 19 .bowed an increase in the reserve held of 44.013 ,w * and a HurpluK over the required reserve of $16,-
$15-011.800 the previous week.
Tb* wwfkl bask aThe •A pr*c
F o rhm b Mil*.
To•i.lty
d *Fo
pftmhM
fsA'rrt arr»f
11ffr »hoytoncon*84.
Cli'rtring-IIouse, on Oct. 80, 1897, also began issuing T returns showing the condition of the non-memberWill
tot
<1* » 4
v demand ■ actual rot
0 4
United States Bonds.—Sales of Government bonds at theBoard include $40,000 4s, coup,, 1925. a t4271.,: $25,000 4s. reg., 1925, at 127 ',;; $10,000 -Is. coup., 1907, at 111%; $51,500 4s, reg., 1907, at l l l i t f to l t l 34 ; $10,000 5s, coup,, at 112^ $3,000 5s, reg., at 112; $22,500 3s.. reg.. at 1(>5«$ to 105*|;
45.000 3s. coup., at 105>sf to 105J!.,', and $18,100 ditto (small bonds), at 1051* to 105:1.,'.
The following are the daily closing quotations : fo r yearly range see seventh page following.
In te re s tP e rio d s .
N ov .19.
N ov .2 1
N ov.2 2 .
N ov.23.
N ov .24
N ov .25.
2b____ . ------ ...re «. Q. -Mob. * 98h> * 98% * 98% * 98% *3*. 1918 ...........reK. Q -F eb . *10038 *1051$ 105*% 105% *105=83a. 1918........0011]). Q .-F eb .
Q .-Feb .105% 105% 105% 105%
h105%
3a, 1918, email., o’li. Q .-F eb . 105^6 105% 105% 105% 105%48,1*»07 ...........reg. Q .-Jan . '11133 1 1 1 % *11138 111=8 *1 1 1 %4b, 1907. ........coup. (5.- Jan. *1 1 2 *1 1 2 *1 1 2 *1 1 2 M 1 1 1 *%4». 1925 .......... reg. Q .-Feb . '126% '127 127% *127 g *127%4s, 1925. a .-F e b . *127 127% ■127 *127 £ 127%5s. 1904 ...........reg. (E -F eb . *1114i *1 1 1 % 1 1 2 *1 1 2 ‘ 1 1 25n, 1904. Q .-Feb . *1 1 1 % *1 1 1 % ■112 1 1 2 % *1 1 2 %6 s, oar'oy,’99...reg. J. & J. *1021*2 ■1 0 2 % ' 1 0 2 % *1 0 2 % * *1 02=84s, (Cher.11899. reg. March. *1 0 2 *1 0 2 *1 0 2 *1 0 2 - K 2 %
Coins, coins:Sovereign*........$ 4 84 ®$4 87Napoleons.......... 3 84 ® 3 87X X Kelohmarha. 4 73 9 4 7625 Pesetas........... 4 78 a 4 81Span. Doubloons.15 50 315 60 Mex. Doubloons.15 50 315 60
1898N oe . 19.
D ifT e r tn 't f r ’mP res , tDesk.
1897. N ov . 20.
1896N o v . 21,
....N rp ltu ......... .L:<ki;i A dix'&t*
S58.272,700 75*911,200
693,765,209 15.971.100
730,432,900 150*353,ti 0O 53,922.000
213,275,600 196*008, i p
a
inc's'.A’bVsOO
$59,022.70074.440.100
580.170,100
a60.772.70073.718.700
454,962,00020,331,900
476,295,30070,175,40072,204,000
118,379,400 119,073,825
•p*c?.eL*«ml tuadi'W..,. &»*<*rv* ....U f t i r p » # r r r . . , .
H-arplu.* BNWftti
Iuo.9.132,900 613,117,400 Itie .2,947,600 103,050.200 Ino ,1,066,2(8' 80.537,400 Inc. 4,013,800 1 81,187,000 Ino.2,358,225jlOO,770,350
10,O«7.37ftllno.1.055.5751 23.408,250 29,305,575
b clear through the Clearing-House institutions, nt In full for the latest week will be found on
$ sage.an Exchange,—The market for foreign exchange n •.*•*« •<« "ii an abundant supply of cotton and grain
» moderate, and rates have declined, of exchange were as follows: Banners’ 4 82; demand. 4 84*%fiH 85;prime commercial, sixty days, 4 81),
ntarv commercial, sixty days, 4 80} •*<.• 4 8114"; it. 4 811, *34 81 cotton for payment, 4 n6% r acceptance. 4 SH*©4 81 ’ '1 leading banker* follow:
fr
Sixty tJ-Qpt Oemana
eolttshif {ftp t?Asn ynsiidc
I IgOErCtnil. 4 B0@4 80%
0 bMlk^D.,.. ir*xl i-hni Ar1t«) /kef*
4 32%a4 83 |■4 81 %«¥4 81%'4 80%A4 81%5 24i„»24*s |521U|a«91*39i»„ 340 1 40‘ .,*40l«94*| gUU4% S>47| »i* 4* 6j
1» following were the rate* of domestic] exchange on - Tort at the under-mentioned cities to-day: Savannah mg 1 16di*coun1. wiling 75c, per |i .OOOprtsmlum: Charles buying % diwrmnt, selling par: ,Vtw Orleans, bank par roerrial. $1 00 discount;Chicago, 15c, per$1.000premiumLout
T ills Is th e j r lo e blit a t th e m orn in g b o a rd : no sa le w a s m a d e .
Following are the current quotations in gold to t
Fine Silver bars.. — 60 w — 6 0 %F iv e tra n c e ...........— 93 ® — 96Mexican dollars.. — 4 7 -2 ® — 4S-qPeruvian sols___ — 4*2 -a » — 44English s ilve r... 4 83 ® 4 8 6D. 8 . trade dollars — 55 « — 65
F in e g o ld b a rs ... p a r ® * t prein .
State and Railroad Bonds.—Sales of State bonds at the Board include $10,000 Alabama, class A , at 108%, $18,400 Tennessee settlement 3s at 94 to 94% and $97,000 Virginia fund, debt 2-3s of 1991 at 79% to 80.
The volume of business in the railway bond department at the Exchange has been smaller than last week, but was somewhat better distributed. Transactions were made up largely of low-priced issues, as usual. The special features include Colorado & Southern 4s, which appeared in the unlisted department on Tuesday and have since advanced over two points, Green Bay & Western, Colorado Midland, Kansas City Pittsburg & Gulf and Union Pacific Denver & Gulf issues, nearly all of which advanced from two to four points. The active list also includes Atchison, Baltimore & Ohio, Chesapeake & Ohio, Erie, Louisville Evansville & St. Louis, Missouri Kansas & Texas. Mobile & Ohio, Northern Pacific, Oregon Short Line, St. Louis & Iron Mountain, Texas & Pacific, Union Pacific and Wabash bonds.
Stock and Bond Sales.—The foi owing shows the volumeof business in stocks and bonds on the New York Stock Exchange for the past week and sine* January 1.
Sales N . T . Stock Excfi. Gk) venua ont bonds State bonds........HR. A mlsc. bonds.
■Week e n d in g N ov . 25.—. 1898. 1897.
9425.100 9124,000125,400 82,InO
18,075,000 5,930,000
------ Ja n . 1 to N o v . 25.-----—.1898. 1897.
921.908,050 90,719,8002,908,100 1,497,200
746.078,410 465,045,110
Total............... 919.425,500Stocks—No. shares 2,270,576
Par value....9221,472,100 Bankshares.par val. 97,350
90,130,100 9773.787,560 9476,262,110753,016 95,684,797 60,207,340
974.348,400 99.173,289,375 96,680,685,40095,600 3179,960 3838,570
We add the following daily record of tlie transactions:Week e n d in g ----------- Stock*---------- .
N ov. 25,1808. Shares. P a r va lue .Saturday...... . 240,592 923,746,700Monday..... 618,550 60,809,650Tuesday........... 518,051 50,448,850Wednesday.......... 44 1,455 44,187,300Thursday.................. .................. TH ANK SG IV ING ..............................Friday................. 462,028 42,221,800 3,505,500 85,000 108,000
T o U l.....2,279,576 3221,472,100 918,675,000 3125,400 3625,100The sales on the Boston and Philadelphia Exchanges were:
R a ilro a d , die. Bonds.
31,623,500 4,262,000 4,378,500 4.905,600
DAY.
StateB onds327,400
*ib,oo63,000
XT. 8. B on ds . 89,109
248.000129.000131.000
—Boston.-U n lis ted
*—-------P h ila d e lp h ia .--------- ■B ond L is te d U n lis ted B on d
shares. sales. shares. shares. sales.7,607 $20,825 9.851 15,444 876,445
12.180 130,000 25,097 24,430 186,8300.793 121,076 24,708 18,118 177,2005,340 04,826
■ T i l ANKSG1V24.100
IN G DAY.11,464 173,947
4,000 18&.0.J0 33,418 18,153 110,060
80,020 508,626 117,178 87,609 726,482
L is te d Shares.
Saturday ...35,090 Monday ..,,08.917 Tuesday ...45,024 W ed n end ‘ y. 56,923Thursday... ...........F riday ...... 20,000
Total.. ..225,904
Railroad mid Miscellaneous Stocks.—In the stock market transactions were on a more limited scale than of late. The report from Paris on Monday that peace negotiations ware broken off had a depressing effect for the moment, but tbe market soon recovered and prices are generally from 1 to 3 points higher than our last quotations. Anthracite coal shares were a special feature, Delaware & Hudson, Central of New Jersey and Reading first preferred having advanced 4 to •’% points. Atchison stocks have continued notably active at advancing prices. Chicago & Alton gained 4% points on limited transactions. Manhattan Elevated shows a gain of 4 !a points on reports that plana for a new motive power w ill soon be announced. Union Pacific and Northern Pacific issues are in better favor on reports of more harmonious relations. The granger group and trunk-line shares, including New York Central, Pennsylvania and Baltimore & Ohio, show substantial gains during the week.
The miscellaneous group has not maintained its usual prominence, and while fluctuations have been wide in some cases net changes are generally unimportant.
Nov.26, 1898.] THE C H R O N I C L E . — STOCK PRICES (2 pages) P age 1, 1(j93New York Stock Exchange— A Daily, Weeklv and Yearly Record.
8T00KS— H IG H E S T I Y D L O W E S T 8A .L B P R IC E S .
S a tu rd a y ,N ov. 19.
M o n d a y , N ov. 21.
Tuesday , Nov. 22.
Wednesday N ov 23.
Thursd ay , N ov. 24.
F r id a y , N ov . 25
•185 ...... •185 •180 •180 •180*14)4 15)4 I14M 14M •1474 15 •14* 1574 •14 1574138)4 38)4 *3374 39 38 3874 38* 40 •39 4015* l o « 16 17 i e « 17 1674 17 1874 167443% 45% *574 47* 4074 47* 46)4 47 4554 4751% 52% 53* 5454 53M b4% 54 54* 5154 t>3M38 38>4 33* 404« 40* 41 41 41-54 4174 4573 73% 73M 74 h 7374 7374 7 4* 74* 73M 7454
. 8 * m 7 754 7 7 * 7 7 7 7•108 ....... •100 •100 •106 •100
*6 8 " *69)4 "«854 8954 ' 8874 69* 8874 69* 8374 6874•28 35 •28 35 •28 35 •27* 35•08 75 •08 75 •08 75 •6874 75*85 ....... •85 •85 *85 •838354 8 3 * 84M 8 im 8*54 84M 8444 85 *85* 8074
•54 55 54M 3*74 5174 54M 54* 55 5474 54%
•87)4 88)4 88 83 89M 89M 8874 9044 92 93•27 28 23 28 H •28* 28 K 28 28 28 285422)4 32% 2 2 * 23 22M 2 3 2274 23M . 2374 2354
1159)4 160 •158 :60 159 044s 162% 164* 1100 LOO•170 ........ •170 •170 •1 72 •172118 118* 118* 119* 118* 119* 11854 119W 119* 119%58 58* 58M 0 0 * 5974 8om 8074 01 60 6174
103* 108* 109 L1 0 110 : u 111 Lll 11174111741 5 * 15* t « 4 ISM 15 15* 15 15* 15 15*
•74H 76 •74* 76 *74M 76 74M 71M •74 7047% 48 47M 48* 48 4.374 48 48* 48 54 4 85480 80 30 3 l * 2 4M 3074 2954 2954 30 3054•7 * 8 * •8 9 •7 * 8 8* 8M 874
•29 32 •28 32 •28 30 *28 30 3354 35!*112*113 113*114 113* 113* 11254 11374 113* 113*
$103 163* 1102* 162* 1163* 103* •103* 104 1103* 16<%13754 130* 140*142 141 142 140M 14174 14054 14154
•185 1 Hv«1 07 *1 0 8 * 108* 10974 108* 109* 108*108% 108* 1098 5 * «S74 3 5M 875s 80 87 8 M 8774 87 8774
•100 170 •105 L70 ♦108 L70 •105 170 •107 17J18 8 •8 9 59 9 18 8 IS »7433 33 *3374 34 •3274 33 3274 33 31 34
•41 43 4174 42 4174 41M 41M 4154 41M 4174
18* 10 10* 1874 16* 1574 16* 15-54 10•44 46 •44 47 •44 47 •44 47 45 45
•172 ........ •172 •172 •1727874 S74 7 7 * 17 7 1 H 754 16)4 85418* 17* 17 13 •18-M 1774 17 IS * 18 19*
43* 4 * * 48*14* 15 14* 15* 10
•3 * 8J4 •3 3 * •3 * 4 *3 * 4 • a * 4• ....... 21 • 21 • 21 21 • 21
94* 90 93 96* 94* 97 9854 99M 98-* 100*1*17414174 141 141* 14174 14174 143 143 144 144•15* 10 10* 10* • 10*
8174 81*. 6374 81H 8274 02 82M 8154 8 574•1854 101, •15* 16M 10* 16* •10 17 O •16 17
•2* 374 '2 * 3M •3 374 •2 * 87< •2 * 3M•874 71< 7 * 774 7H 774 •854 77, *0* 77413* 13* 13* 1844 •13 * 14 14 14 2 1354 1434t4 35* 35M 30* 35 H 3874 86 3B»f Q 37* 3754.17* 1774 1744 17M 18 1754 17* 1874 1854•81 * 33 3'74 3U , •31 82 •31 32 ♦31 32•61 63 03 03 •01 04* •61 04 101 011754 18H 17* 13*4 18M 1874 1774 18 1874 18-4
•42 44 49 49 42 42 4274 4 374•15 20 •15 20 •12 16 •10 20•13 15 •13 15 •13 14 •13 14 114* 1474139* 139* 139* 140 139*139* U 3 9 * 139* 138* 138*
30 •3047 47 49* 49%
15 5 4M 0 574 0 * « * 0 * 0 * 8MH I * 111* 111* 112 111* 112 112 1134* 1117411254•99 103 •99 101 •99 102 •t»9 101 •98 102
•9 * 10 •9 * 10 »74 974 •9M 954 954 95485 85 13474 3*74 35* 85* 35 35 535)4 3554* « 674 •0 »M •0 On 0 * tf* •0 6%17* 19* is m 20 1974 19* 19 19* 18 19•4 5 •4 5 •3 4 •3 4 •3 4 *
•13 15 •13 15 •13 16 ♦13 15 •13 15•29 32 •29 32 •29 32 •20 32 •20 32•3 5 •3 5 •3 5 •3 5 •3 5
’ i i I4* 14M 1474 •13* 1474 •14 14* 114 147405 65 «3M 6574 48374 03* ♦04 6574 65)4 65
•133 195 •193 195 •193 195 •193 195 •193 195•49 52 •49 52 •48 50 •48 52 •48 515<G4 8054 a«M 61* 80M 01* 6174 02 8154 8 554931* 95M 95 98M 90* 97-M 97 99* 97% 100
173 174* 175 176*, 175 176 174 174* 17474 17474MM 5 5 574 •5 371 •574 •754 •374 5M
•H 1 *54 1 1 * * l •K 1•108 109 •108 109 1108 108
•28 29 •28 29 •28 29 •28 29 •38 * 29192* 92* •94 95 •94 95 •93* 95 •93* 95•80M 81 * 8om 0 i 8074 01 •807J 01* 56074 80 74
•5 10 •5 10 •5 10 •5 10 •5 10• l i * 1154 1154 12 1174 12 12 12 12 12SiM SIM 34* 35 34 3474 3174 34* 34 347480 36* 30* 37 3 6 * 37 36* 86* 36 30*
•27 * 29 •27 29 •27M 29 •3774 28* 27* 87M•175 177 •175 177 •175 177 •175 177 •175 177
172U 72U117* 118 1 17 *1 1 8 * 118 H 8H 11854 11974 119 119*•18 14 •13 14 •13 1371 •13 13* •13 13H•71 80 •71 •71 •71 •71•83 * 35 34* 30 85 85 •84 36 •3374 37
1127 U 127U•194 197 1194* 194* 1194 194 1193* 193* 1194 194
.1 5 * 15* 1574 ism 1374 1374 1554 184* 16% 16*•55 05 •55 65 •55 65 •55 65•14 * 15 1574 15* 15 1574 •15 15* •14 1054* 54J, 55 5571 55* 56 55* 55* 55* 557439M 40li 40* 40% 39* 4171 4054 41* 40* 4174M 75 M 7374 7 5* 74)4 7371 7554 7874 7 5 * 70
STOCKS.N. Y . STO CK E X C H .
Sales o f the week.
Shares
R a i l r o a d S to c k s .A lbany & Susquehanna.. -ann A rb o r ... . . . . . . ........
Do pref.Itch. Topeka & Santa Fe.
Do prefDalt.&0.,tr.rec.all Ins.pd D Do new, when issued
Do pref., when issued. Bait. & O. Southw., pref.. Bost. & N. Y. Air L.. pref. Brooklyn Elevat., tr. rec.. Brooklyn Rapid Transit... Buffalo Rooh. A Pittsburg.
Do pref.Bari. Cedar Rapids & N o ..CCanadian Paciflo.......
Canada Southern......
51,204
78,650279,7632d,633 24,051 4,325 7,520
Central Pacific................Chesapeake A Ohio.. . . . . .Chicago & Alton...............
Do prefChicago Burl. & Quincy... Chicago & East. Illinois...
Do pref.Chicago Great Western...
Do 4 p.o. debentures. Do 5 p.o.prof. “ A ” . Do 4 p.o. pref. “ B
Chic Indlanap. & Louisv.Do pref.
Chicago Mllw. & St. Pau l..Do pref.
Chicago Sc North Western.Do pref.
Chicago Rock Isl. Sc Pac.. Chic. St. P. Minn. Sc Om...
Do pref.Chic. Terminal Transfer..
Do pref.Clev. Cln. Chic. Sc St. L ___
Do pref.Clev. Lorain Sc Wheeling.
Do prefCleveland Sc Plttsb., guar. Colorado Mid., vot. tr. ctfs.
Do pref. vot. tr. ctfs. Col.ASou., 1st pref. (w. 1.)
Do 2d pref. (w. i.) Col. Hocking val. Sc Tol..
Do prefTNelaware Sc Hudson.... i-'e l. Lack. Sc Western... D enver* Rio Grande.
Do v pref.Des Moines * Ft. Dodge..Dul. So. Shore Sc A t l......
Do prefErie....... .......................
Do 1st prefDo 2d pref.
Evansv. Sc Terre Haute . Do pref
F lint Sc Pere Marquette..Do pref
Ft, W. Sc Den. C., stamped. Ft. Worth Sc Rio Grande..G reat Northern, pref___
reen Bay Sc Western... Do debt certfs. “ A " Do debt certfs. “ B ” ,
I llinois Central...............Do leased line, 4 p. c
Iowa Central...................Do pref.
17'anawha Sc Michigan... IVan. City Pitts. * G u lf.. Keokuk * Des Moines.
Do pref.Keokuk * Western..... Kingston* Pembroke___L ake Erie * Western....
Do pref.Lake Sh. * Mich. South...Long Island............. .Louisville* Nashville... V T anhattan Kiev.,consoli ’Aetropolltan Street___Mexican Central......... .Mexican Nat'l Xr. recta...Michigan Central..............Minneapolis * St. Louis...
Do 1st prefDo 2d pref.
Minn. 8t. P. A 8. 8. Marie.Mo. Kansas * Texas........
Do pref.Missouri Paolflo...............M obile* Ohio..................M orris* EssexV ’ash. Chat. * St. Louis..
Y. Central * Hudson.. N. Y. Chicago * St. Louis.
Do 1st pref.Do 2d pref.
New York * Harlem ......N Y. Lack. & Western.... N. Y. New Haven * Hart. N. Y. Ontario * Western.. Norfolk * Southern... .. ..Norfo lk* Western..........
Do p r e f .Nor. Pac. Ry., vot. tr. ctfs.
Do D r e f .
48,570
6,40u2,800
6,1701,9608,0653,531
45*, 8 L 11,454 2,36
32,785 103,0944,382
101,535
86,17186
17,94416
57,8556,03
114860
3,490
3 ,2 7 0100
8553,362
1 2 ,4 6 213,527
21,3051,8383,050
25,600100500
1,585 10,7 )0 1,900
100 209
2,100 500
801,4171
4512
9,201
224456100
6,005
3381,227
72,110141,739
18,086300
R a n g e f o r y ea r 1898. O n basis o f ioo-shyr e lots
R a n g e f o r p re v ious y ea r (T897,J.
Low est.
37920
1,0805,610
11,810100
6019,054
1,1106
4517,168
5679,140
103,184
1183 Jan 4 11 Apr 2134 Jan 4 10%Apr 21 22%Mar 12
i 12 * Jan 25 31 Oct 10 08 Oct 12
4 * Nov 105105 Mar 9 24*Sep 2835 Mar 12 25 Mar 12 62 May 6
505 Mar 1072 Apr 214 4)4 Mar 12 03 Jan 4 83%Oct 17 11 Apr 23 17*Mar 26
5150 Mar 145106 Mar 24
85%Mar 20 49 Apr 19
102 Jan 7 9*Feb 24
71%J’ly 15 28 Mar 15 20 Apr 21
7 Feb 2423 Apr 10 83%Apr 21
140 Apr 25 113)4 Mar 12103 Jan 3 80 Mar 25 65 Mar 12
1148 Jan 5 4)4 Jan 3
22)4 Jan 3 25 Mar 12 77)4Mar 9 l l * M a r 20 43*Oct 18
170 J’ne 7 5%J’ne 23
14 J’ne 23 43%Nov 22 1494 Nov 222) 4 Nov 1
17 Jan 7 93 Nov 21
140 Oct 1910 Apr 20 40 Apr 218%Apr 21 2 *A n g 5 5 Apr 4
11 Apr 21 29%Apr 22 15)4Apr 22 22 May 9 40 Jan 18 10 Mar 12 30 Aug
§15 Nov 18 10 May 19
♦122 J’ly 1 130 Jan 7 40%J’ne 233) 4J'iy 9
90 Apr 21594 Feb 18
7%Mat 18 25 Apr 28 5%Oct 11
15 Apr 20 3 Jan 27
15 May 12 30 J’ne 2 2 May 19
12 Oct 10 53 Oct 19
170%Jan 40 Jan 20 44 Apr 21 90 Oct 3
125%Mar 204) 4J’ne 15 1 Feb 10
99)4Mar 1224 Mar 11 84 May 14 46 Mar 20
0)4Mar 11 10 Apr 13 28% Mar 12 22 Mar 12 24 Nov 3
1107)4Jan 4 00 J’ne 1
105 Mar 20 l l * M a r 1473 Feb 19 28 Mar 25
5320 Jan 5 1120 Apr 20 5178)4Jan 7
13)4Apr 9505 Jan 28 11)4Apr 21 42)4 Mar 12 19 Feb 24
H igties t.
25.197| 56%Mar 12
180 Feb 315 Feb 8 40)4Feb 717 Nov 21 4?%Nov 22 58%Nov 25 45 Nov 25 75%Nov 16
7%Feb 3 106%Oct 19 28)4 Aug 2 2 09)4 Aug 2 2 34 Sep 7 70)4 Sep 7
5 78 Oct 19 90)4Jan 20 57*Feb 5 70 Jan 25 98)4 Jan 7 29 Nov 11 20 Aug 1
107 Nov 14 5106 Mar 14 l20)4Nov 17 00 J’ne 1
113) 4 Feb 118 Aug 22 70)4 Nov 10 49)4 Nov 16 32 Nov 10 11 J’ly 2 38)4J’ly 27
115 Sep 8 163 Oct 27 1 42 Nov 22 191)4Nov 16 l0«)4Nov 22 87)4Nov 23
170 Nov 17 9*M ar 3
37) 4Aug 2947) 4 Aug 16 90)4 Aug 10 19)4Jan 12 53)4 Sep 8
5174 Aug 8 8V4Sep 0
!9 *N o v 2548) 4Nov 2516 Nov 23 8)4Feb 10
25 Feb 9114) * Feb 3 159 Feb 5l0)4Nov 17 02)4N ov 23 20 J’ne 10
3 Sep 20 8)4Aug 23
10%Feb 44 3)4 Feb 11 21)4Feb 11 34 Sep 20 70 Sep 24 18)4Nov 18 49 Nov 22 28 Mar 5 10)4Jan 31
180 J’ne 30 32)4Feb 2449) 4Nov 25 0)4Jan 25
115 Sep 0 5101 Nov 10
10*Aug 22 37%Aug 10
6)4 Feb 2 24)4 Feb 10
5)4J’ne 11 18)4J’ne 14 34 Jan 31 5 Nov 17
23)4Aug 22 83 Aug 19
198 Aug 4 59)4Aug 10 52)4Nov 25
120)4 Jan 14 170)4Nov 21
0) 4 Jan 81) 2 May 2
114% Feb 830%Feb 15 92*Nov 15 63 J’ne 8
7 Mar 1114) 4Jan 26 41 Jan 2838) 4Aug 11 32)4 Feb 7
§170 Oct 13 »7 2 *N ov 21 120)4 Aug 8j15) 4Jan 81 70 Jan 31 40)<Jan 29
1352 Oct 14 5128 Nov 11 I190WAU 18
18%Feb 205 Jan 2817 Feb 756)4Feb 743 Nov 11 7 9 % 8 ep 0
Low est. | H igh est.
l7 7 *A pISMAb*40 Aug 17 Sep, S5*Sep 21*8ep.
49'4 Deo 108)*8ep
l)4Apr 14 Aug 99)4Apr
140)4May 9)4Apr
80 Apr7 Apr8 Apr5 Dec
ll)4A pr27 Apr 15)4May 20 J’ne28 Aug 7 J’ne
30 Mar 7)4J*iy
12 Nov 120 Jan 27)4Apr 60 Dec
3)4Dec91) 4Apr 88 Jan0 Apr
23 J’ne 4 J’ne
17)4Dec 2 Feb
12 Mar 32 Feb1 Aug
13 May 58%Apr
152 Jan 38 Dec 40)4Apr 81)4May 99%Oot6 Aug 1 Nov
90 Jan 10 Maj 77)4Mar 40 Feb 0 Dec
10 Apr 24«Apr10 May 18 J’ne
102)4J’ne 70 Jan92) 4Feb11 Feb 07«Apr24 Feb
295 Feb 119 Jan 100 Feb12%Apr
9**Apr 22)4 May11 Apr 32)4 Jan
* These ere bid and asked prices ; no sales on this day.
OUTSIDE SECURITIES ( G i v e s a x
I Less than 100 shares. t Ex dlv and rights. t Before payment of assmt. 7 2d lnstal. pd.
fo o t o f 7 oonsEOcnivE p a g e s ) .— STREET RAILWAYS, dtc.
Htreet RailwaysN E W YORK CITY.
JUeeok St * Ful F—stock 1st mort 7s 1900...J*J
• ’way * 7th Ave—Stock. 1st mort. 5s 1904.,.J *D 2d mort 5s 1914....JAJ Con 5s 1943— See Stock
B’way Sarf 1st 5s gu . 1924 2d 5s as rental. 1905
Central Crosstown—Stock1st M 6s 1922......M *N
Can Pk N * K Riv—Stook Consol 7s 1902......J *D
B id . A s k .
3 2 3 71 01 1 0 43 1 67 4 2 2 5
S 1 04 100j i l i 1 1 4E x c h 1 1st.
1 1 5 1 1 7$ 1 0 4 I0r>74
2 5 5{1 1 8
1 8 0 1 8 3i l l 1 1 1 3
H treet R a i lw a y * .Christ’p’r * 10th St-Stock Col* 9th Ave 5s-See Stock Dry D E B * Bat—Stock..
1st gold 5s 1932.. ..J*DScrip 5s 1915........F&A
Eighth Avenue—Stock...Scrip 0s 1914............ .
42d * Gr St Fer-Stock... 42d St Man * St N Ave..
1st mort 0s 1910..M*8 2d Income 0s 1915.J*J
Lex A v * f'av F 5s-See Stk Metropolitan—See Stook
Bid. Ask.100 105
Exch 11st.180 103
$110 110*101 102348 365108300 37072 73
115 11797 00
Exch 11st.Sxob 11st.
Htreet Railways,Ninth Avenue—Stock Second Avenue—8tock...
1st mort 5s 1909..MAN Debenture 5s 1909.JAJ Consol. 5s. 1948...FAA
Sixth Avenue—Stock......Sou Boulev 5s 1945 .JAJ So Fer 1st 5s 1919..AAO Third Avenue—See Stock 28th * 29th 8ts 1st 5s. .’90 Twenty-Third St—Stock.
Deb 5s 1900...........JAJUnion Railway—Stock...
Bid. Ask. H treet H a llw a y s . Bid. Ask.100 180 Union Ry 1st 5s ’42.FAA
H i!*115
178$109
180110
Westchest 1st 5s ’43.. JAJ BROOKLYN.
$109 110 Atlau. Ave., lBt 5s..AAO $107110200112
117225112*
Con 5s g 1931...... AAO $11090
111
B. B.'&W.E. 5s 1933. AA o 90$110 114 Brooklyn City—Stock.. .. 234 240
1st. Consol 5s 1941......J & j 114 116$110 I l l BklynCrosstnSsl908.J/ J 105885 420 Brooklyn Elevated (new) 25 27103 100 # Pref (new )................... 55 57175 2f 0 BkinHgtslstSs 1941 AAO 104 10
! H K CHR N ICLE.—ST0CK PRICES (2 pages) P age a 1 voi. Lxvn.
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4 1 * * f t 2 2 f t 2 2 f t’ 4 5A * 4 * 4 f t * * f t 74ft 7 * f t
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*" ‘ f t 8 f t »44 i f t ! < 5-ft • 4 4 | 6 • 4 4 1 4 4 f t 4 8 > 1 4 5 f t 4 5 f t
“4 * ' f t o f t 0 ft 10 f i t
07 0 7
, £ i !*i 3 f t 4 a
1 Uft u , « x 4 8 f t
U H 6e f U * u w a f t 9 ■ f t 9 3 9 3 U
STOCKS.N. Y. STO CK E X C H .
Sales f o r y ea r 1898.o f the O n b a s is o f roo -sh 're lo ts
; Week. ---------------- ,--------------—[S hares Low est. H ighest.
O r.Rli.AN.OoAOt.tr.cfB Do pro!., vot. tr. otiu.
Oregon Short L in o .,..,..P acific Const Co,. . . . . . . .
Do 1st p ro f.... .......Do '-id prof..............
Pennsylvania..................Peorin A Baa tom ......... ..Plttsb. Cln. Chic. A SL L.
Do profPitts. Ft. W . A Ch,. guar.. Plttsb. A West., prof. .... T ) eading, voting tr. ctfs.. XV 1st prof., vot. tr ctfs,
2d prof., voting tr ctfs.. RensselaerA Saratoga.... Elo Grande A Western..
Do prof.Romo Watertown A Ogd..St- J. A G. lsl. voL tr. cts.
Do 1st prefDo 2d prof.
St. L. A S. Fr., vot, tr. ctfs. Do 1st pref.Do 2d pref.
St. Louis Southweatern... Do pref
St. Paul A Duluth............Do pref
St, Paul Minn. A Man......Southern Pacific Co.........Southern, voting tr. ctfs..
Do pref., vot, tr. ctfsT exas A Pacific............
hlrd Avenue (N. Y .)....Toledo A Ohio Central----
Do prof.Twin City Rapid Transit..U nion Pacific Ry ..........
Do ...pref.Un.P.D.A G, tr. rec.lst pd.W abash
Do pref.West Chicago Street........Wheel. AL.E.,4th ass’tpd
Do pref. 4th do Wiacon. Cent., vot. tr.ctfs. It tJ sc e lla u 5* s t o c k s .A dams Express..............
inert can Cotton O il....Do pref.
American District T e l....American Express.. . . . . . . .American M siting. . . . . . . .
Do pref.American Spirits M fg.... .
Do pref.American Steel A W ire...
Do pref.American Sugar Refining.
Dq pref-American Teleg. A Cable.. American Tobacco.. .. . . . .
Do prefDo dividend scrip.
Bay State Gas.............rooklyn Union Gas......
Brunaw. Dock A C. Irapvt. / Colorado Fuel A Iron— v i Do pretCol. A Hock. Coal A Iron.. Consolidated Gas (N. Y.)..Consolidated Ice..............
Do prefConsolidation Coal.......Detroit Gas................Edison Elect, 111. (N . Y.K . T^ederal Steel (when Isa.) A Do uref. doGeneral Electric............Hawaiian Com. A Sugar.H. B. Claflin Co.................I uteruational Paper......L Do pref
L aclede Gas (St, Louts).Do pref
Maryland Coal, pref.........N ational Blaouit........
Do profNational Lead.............
Do prefNational Linseed O i l ,National Starch...............
Do 1st prof.Do 2d prof.
New Cent Coal (now stock)N. Y. Air Brake................North American Co........Ontario Silver..................Pacific Mall....................
er.nsylvanla Coal.. .. ...Peoples Gaa-L. A C. (Chic.) Pullman's Palace Car ....Q uicksilver M ining...,,.
Do profOliver Bullion Certlflo’f Otandard Distil. ADistrlb.
Do prefStandard Rope A Twine . r I ’enn. Coal Iron A RR ... X Do prof.
Texas Pacific Land Trust,, f [ nitod states Express. tJ mied States Leather ..
I)o pref.United State# Rubber......
Do pref! X\7 ells, Fargo A C o ...... .
* ▼ cittern Onion Teliw’h. 'Wes ting ho use Kloo.AMfg.
21,094
450902510U45
1,7901,8309,322
3002,880
22545420
8,44134,90<80,44822,870
280
47,70059,8410,010
1.52014,838
185410200
54,3751,140
1002,088
075173
1,25535.24582,881
2,022370
17,5551,542
500278
2018,1282 ,2 121,0851101,407
5,025 1,950
50 18,09»
94,9211,558
1,8528,1351,4248,005"soo
2201,1435,2 44,0081,400
2010,400
8 6ft J an 705ftMar 20 19ft Jan
O U T S ID E S E C U R I T I E S (Gir. uAT
> 1180 Feb 1030ftAug 26 90ft Aug 22 30 Sep 1
►§153 Nov 9 38 Aug 16 87ft Aug 16 15ftJ’ne 9 4lft Aug 25 4 8ft J’ly ' 92ftJ'ly
140ftAug 26 ►110 Jan 6
98 Sep 16 t 153ft Sep 19
13 5ft Aug 26 .101 Sep 10
5ft J an 21 i 130 Nov 17
14 J’ne 2 Oft Jan 11 77 Nov 16
7ft Jan 13 t 205ftJ'ne 9
52 Sep 2 02ftAug 31 46 Oct 35 67 Sep 16
1 15 Oft No v 13 33ft Nov 11 79ft Nov 11 84ftSep 2201 Nov 10 94 Aug 20
Aug 2 1 9 8ft Nov 16 54ftAug 9 90 ft Aug 8
S i 53 J'ue 10 43ftNov 25
101 Nov 21 39ftAug 23
! 113ft Nov 142 lft May 23
9 Feb 1080 Jan 18 80 Jau 27 43 Sep 13
> 120 Sen 107ft Nov 14
15 Nov 32 30ftNov 21
: 5350 Feb 25 112 Nov 22
! 216 J’ly 5 2ftJan 7 7 Aug 22
00ft Sep 8 23ft Nov 18 75 Nov 18 10ftAug 26 34ft Aug 22
' *100 Oct 28 fiftAug 19
‘ $ 45ftNov 25 8ft May 24
74ftAug 22 48ftAug 17
! 109ft Aug 17 ’ 5120ft Novi 1 1 95ft Aug 17 l«08ftSep 23
H an ge j o r p re v iou s year (1897).
Loioest. H ighest.
41 Sep 7 3ft Sep 23ftAug
10 Apr 87ftJan 17ftJ'ly
9ftDec 14ft Dee
1 Apr 4ftMar
l l ftA p r lOOftNov
ftJ’ne 2ftApr 1 J'no
147ftFeb 9ftMay
52ftFeb 21 ft Dec
10 Oft Jan
8ftNov 15 Dec
109ftMar lOOftJan 85ft Jan07ftFeb
100 Feb
* SftOoV85 Jan
15 ft J’ne 70 Nov 3ft J’ne
180ft Jan. 28 Nov 80 J’ne 35 Feb 20 Jan.
10 lft Jan.
22 May 70ftMar 40 J’ly
2lftFeb BSftFeb 10 May 8 May
51ftMar SftApr
22 Dec SftApr
SftNov 24 Jan.
830 Dec 91 Nov
152 Jan. lft J’ne 8 Apr
SlftAup
2ftDeo 17 May 65 Apr
0 Apr 37 Feb GftMav
50 Apr 10 J’ne 50 J’ly 97 Jan. 75ftMay
llftSep 9 ft Sep
24ftSep 112 Aug
6ftJan 29 Jan 4ft Aug
165 Oct 20ftSep 80ftSep 27 J’ly
l 1 OftNor
15ft Aug 80 Aug
159ftSep 121ftSep 94 J’ne 96ftAug
115 Aug
187 8ep
* 27ftSep 85 May 7ft Aug
241ftSep 41ftJ*ly BOftJ’ly 37ft May 00 No*
182ft8ep
81ftJ’ly lOlftOct
49ftAuc 96 Aug 52 Dec
44 Bep10 Oft Sep23ftAu» 13 Aug 90 Sep45 Aug
81ft Aug SftAug
10ft Jan 89ftS©p
840 Mar 97ftDeC
185 Sep 4ftAug
IS Aue 65ftJan
l i f t Jan BoftSeg 80 J’ly 9 Aug
48 J’ly 10ft Aug 72 Sep 25ftJan 70ftJan 20 Dee
n 100
opwea. t Kx dlv. of 100 p. o. In bonds. | Lowest la ox dividend. tUnstamped.
o o n t s b o u t iv k PA.&BS). -STREET RAILWAYS. An«k R #| )w n T «, | Bid. A « w irp*1! U n llw A vti Bid.3 V w n i l l g prvf .... ..S #J *W 4 ............... .AAO lot
Jft ?*«• Wm W A P i i fti**. 4ft* ......100
110**j
ntfcRenA' 8t (lnd'imp )~m< Cleveland CRy R y ,. .. . , , , ‘ level Cab-1st 5a ’09.J&J Cleveland Electric Ry —
Con 5* 1013...... ..MAS
Phlhi 70
5109 78ft
$1 03 58
List. h!l% L
Phila 13
i 76ft €110
CoInmbttB (Ohio'—Stock. Con 5b 1932— See Phi la CroMt*«m-l«t 5b— See- P
Conaol Tract,*n (N .J)—See Lake 8t (Obiol Kiev-Stock
** 2r'- ^ <,PaJLLL% • 1 ('*H* !ft i k l f f A H 12ft i7SHl0 . O * * ^ 0 6t ? »S8MAN 11) oft l ! i 1IxiuIav 8t Ry—5 p c bond#
Ask.list.7413879ft
104601st.list.
76ft11740
H treet Ftatlwuyn. Bid.Loul»v 8t Ry—Preferred. Lynn ABos- J »t 5b ’ 2 4. J Jfcl> Metrop West Side (Chic).
1st 5a 1042.......... F *AMinneap St Ry-5s‘19.J &,! New Orleans Tr—Com....
101§103
si'oo x
bHNotes 6s 1904 ___MAN
■North Chicago—Stock....1st 5b 1900-10........ J&J
No Shore Tr (Boat)-Coiu.
227 §104ft
1 l 76
Int-er*-* Buver pava iwwiiAd
103105
101ft
1280
Nov. 26. 1898.] T H E OHRON1CLE.—bond pbioes (5 pages) tfias L 1095B O N D S , ! ?"§
N.Y.STOCK EX CH A NG E | C We e k E n d in g N o v 25 4 ^
P r ic e F r id a y ,
No®. 25.
A kron A Chic Jnc. See BAo.iabama Cent. See Sou Ry.
Alabama .Mid 1st gu g .. . 1928 Albany & Susq. See D A H. Allegheny VaJ. See Penn Co. Am Dock A L See Cen of N J.Ann Arbor 1st g 4a....... 1995Atch T A 3 Fe gen g 4s . 1995
Registered............. 1995Adjustment g 4s........1995
Registered....... . 1995Equip tr ser A g 5s. ...1902
B id . Ask.
A -O
F -A
M -N
Q-Jt A -O A -O Novf Novt
m . „ __Chic A St Louis 1st 6s. 1915 M -S
Ati Av Bklyn imp g 5s.. 1934 J - J Atlan A Danv 1st g 5s. .1950 J - J Atlanta A Char. See Sou Ry. Austin A N W. See So. Pac.DatC reekA S. See Mich Ceo A>alt A O 1st 6s Pkbg Br.’19
Trust Co. ctfs. of dep........Gold 5 s ...... ....1885-1925
Coupons off... . . . . . . . . . . . . .Registered......1885-1925 F -ASpeyer A Co. certf of dep Trust Co ctfs of deposit..
Consol gold 5 s ........... 1988 F - ARegistered............... 1988 F -AJ P M A Co ctfs of dep............Trust Co certfs deposit...........
BaltB ’ltlstg5sm tgu. 1990 M -N W Va A P 1stg 5s..... 1990 A -O Monon Rlv 1st gu g os.1919 F -A Cen Ohio R lstc g4*sl93u M S Col AClnM Istext4*al939 J - J AkACJ 1stlntgug5s.1930 M -N
Coupons off...............................Pitts A Con 1st g 4a... 1946 J - J B AO 8 W 1st gug4*s. 1990 J - J B A 0 8 W R ycon g4 *s 1993 J - J
1st Inc g 5b ser A . .. .2043 NovtSeries B . .................. 2043 Decf
fi|B A O S W T erCogug5s.’42 M -N ^.Ohlo A Mias lstcon 48.1947 J - J
2d consol 7s..............1911 A -O1st Spr’gtleld Dlv 7s.l905,M-N1st general 5s..........1932 J -D
Beech Creek. SeeN Y C 4 H . I Bel A Car. See Illinois Cent, Boonev Bridge. See M K A T .! Bway A 7th Av. Nee MetS Ry.: Bklyn El Tr Cocf Istg6sl924
Tr Co ctfs 2d g 5s...... 19153d lnstal pd.....................
B ABBTCocfs latgu g5s’423d instal pd..................
Un ElTrCo cfs lstgug0s’37Bklyn Rap Tr g 5s.........1945 A - OBklyn City 1st con 5s 1916-41 J - J Bklyn Q Co A Scon, ug 5s’41 YI-N Bklyn A Montauk. Nee L Isl.Bruns A West ls tg 4s.. 1938 J - J Buff N Y A Erie. See Erie.Buff R A Pgen g 5s......1937 M -S
Debenture 0s............1947.J -J
90% Sale 97* Sale
74* Sale
114
117 Sale 116 ......
1 75 ......90 ......
100 ......108* Sale 92 93
105
12 8ale
ToT' III!!
91* Sale 85 ......
91 Sale 105* Sale 110 ..............105
75 ...
107 107*
Roch A Pitts 1st g 0s.. 1921 F -A IConsol 1st 0s...........1922 J -D
Cl AM ah 1st gng os.. 1943 J -J Buff A Southwest. See Erie.Buff A Susq 1st gold 5s.. 1913 A - O
Registered..................1913 A - OBur C R A N 1st 5s........1900 J -D
Con 1st A col tr g 5s... 1934 j A - ORegistered............... 1934 A - Ol
M A St L 1st gu g 7s..1927 J -D j C R I F A N W ls tg 0s.. *20 A -O1st gold 5s.................. 1921 A -O
/Canada South 1st 5s.. .1908! J - JV>» 2d 5s....................... 1913 M -S
“ ' HI-S
128125121
lO S* Sale 108 ......
105* Sale1 0 4 * ...... .110 Sale 110* Sale
Registered................... 1913Oarb A Shawn. See Ills Cent.Carthage A Ad. See NYC A U.C R la F AN. See B C R A N.Cen Branch LTP lstg 4s.l948 J - D 90 91Central Ohio. See Balt A O .—Cen RR A Bkg Co of Ga.—
Collateral gold 5s........1937 M -NCent of Ga Ky—lstg 5s.. 1945 F -A 4
Registered ..............1945 F-A tConsol gold 5s.............1945 M -N
Registered.............. 1945 M -N1st pref income g 5s. ..1945 Oct.i 2d pref Income g 5s....l945jOot.*8d pref Income g 5s....1945;Oct-4 M A N Dlv ls tg 5a....1946 J - J Mobile Dlv ls tg 5s.... 1940 J - J Mid Ga A Atl Dlv 5s .1947 J - J
Cent of N J—1st oon 7a. 18991st convertible 7s...... 1902Convertible deb 0s.,.. 1908General gold 5s........... 1987
Cl' Registered................1987Leh 4 W B C oon as 7s. 1900
5s............................. 1912Am Dock A Imp Co 5s. 1921 N J South lnt guar 6s. 1899
Cent Pacino— Cits dp A.1898 Speyer A Co ctfs BCD. 1899 Speyer A Co ctfs dep B.1900
, Bpeyer A C octf FGHI.1901 San Joaquin B rg 6s...1900Gnaranteed g 5s.........1939
Speyer A Co eng ots........Land grant gold 5s....l90o C A O Dlv ext g 5s. ...1918 Western Pacific g 6s.. 1899 No of Cal 1st gu g 0s.. 1907
Guaranteed gold 5s. 1938 Charles A 8av 1st g 7s.. 1930 Ches A O—g. 0s ser. A ... 1908
Gold 6s ........... 1911
£ i !M -N J - J Q-Jt Q-M| M -N J - J J - J
A -OA -O
A -O J -J J - J J -J A -O .1 - J A-Ot A-OT
91110*.
W to fc’ 8 R a n g e o r L a s t S a lt.
Low. H igh .
91 Nov’9S
90 90*9 7 * 988 9 * M ar’98 73* 75*
101 Nov’08
112 Oct/98 115 Nov’98 115 Oct.’98
111* Aug’98 117 117
118* Sep>98 L10 Aug’98 118* Oct.’98
99 8ep.’98
109* 108*75 Oct.’98
105 Aug’98 105 Nov'98 107* J’ly ’98 105 Oct.’9882 Sep.’9S 27* J’ne’98
8* 12105 105122* J’ly ’98 100 OcL’98
91 91*80 J’ne’9808 May’98 7 0* Dec’97
91 91105* 106114 Oct.’98 104* Nov’98
"S'3
I IN o .
129;
16*3
82
81 90*85 98*8 9 * 8 9 * 5 W 75*
95 101
100 118* 111*115* *80 118*
95 113%90 117
97** i l 8 * 103 I10r 97 11
84* 10128
99 108*75 75
105 105100 105105*107* 9 8* 105 70 8227 27*6 * 12
104 105*120 192*100 108 j
94*8068
80 9491 106*
112 115 !102* 104*
BONDS.N.Y. STOCK EX CH ANG E
W eek Ending N ov 25.
106* OcL’98
127 Mar’HM 125 Nov’98 103 Apr’ 97!
104* 108
127 127122 125
108* 108* 107 Oct.’9»
105* 105*105 Jan.’98110 110 109* 110*106 Jan.’ftT
1104* luy . 1100 109*
‘ ‘
91 91*1 12
92* J’ne’98, .... 114* J’ne’98i ...
89 8a>e
88* Sale 11 12 4 * 5 *
92 94100 ......88 921 02* .......
112 ....114* Sale I I I * Sale 100 Sale
•100 ... •100 ... •108* 104*
•108 . •119*
88* 89 0b
3511
9290 86*
102*112112*113*t it9891
115*
30*
N o ^ Oct.’98 J’ly ’98 Sep ’98 Nov’98 Nov’98 J’ly ’98
114* 11*54 100
J’ly ’98Nov’98
103103
Oct-’98Feb.’9«
102* Oct.’98
102 M ar’98 101 Jan.’98 103* 103*
104* 104*
118 Oct.’98119 Nov’98
105* 105% 105 105107% 111* 105 111
90 91*
87 93*114 119*
84% 92*
35 44*10 15*4% 8 *
91 9295% 99 86* 80*
102* 104% 112 112* 110 112* 109*115 108% 114% 97 103*90 93
110 110
103 103103 108
101 105
100* 102 101 101 101 104
.106 104%
118 120* 115* 121*
C A O-(Con)— 1st con g 5s ’39 M -NRegistered................1939 M -NGen gold 4Us...........1992 M -S
Registered.......... -1992 M - SR A A Div 1st con g 4s.l989 J - J
2d con g 4s........ ...1989 J - JCraig Valley 1st g 5s.. 1940 J - J Warm Spr Val lstg5s.l941 M -S Eliz Lex A B 8 gug as.1902 M - 3
Chic A Alton sink fd 0s. 1903 M -N Lou. A Mo Rlv 1st 7s.. 1900 F - A
2d 7s.........................1900 M -NMiss Riv B 1st sf g 0s.. 1912 A - O
Chic Burl A Nor. See C B A Q .Chic Burl A Q—Con 7s..1903
Sinking fund 5s....... ..1901Debenture 5s.............. 1913Convertible 5s.............1903Iowa Div sink fd 5s... 1919
4s.............................1919Denv Div 4s.............. .1922Southwestern Dlv 4s.. 1921 Cc.ic A Iowa Div 5s....1905 Nebraska Exten 4s..., 1927
Registered...... ........1927Han. A St. Jos con 0s.. 1911 Chic Bur A Nor 1st 5s. 1920
ChioA E 111—1st sf cur 0s. 1907Small.......................... 19071st cong 0 s .. .. . ........ .1934General con 1st 5s.... 1937
Registered.............. 1937ChicAIndCRy 1st 5s.1930
Chioago A Erie. See Erie.Chic Ind A Louisville—
Loulsv N A A Ch lst0s..’ lO Chic Ind A L ref g 5s.. 1947 Refundingg 0s........1947
Ch M A St P-1 at 7s $ g R D ’02 1st 7s £ gold R D....19021st Iowa A D 7s..........1899IstC A M 7s................1903Chic Mil A St P con 7s. 1905 1st I A D Exten 7s.... 1908 1st Southwest Dlv 0s. 1909 1st La Crosse A D 5s.. 1919 1st So Minn Dlv 0s. ...1910 1st Hast A D Dlv 7s...1910
5s.............................1910Chic A Pac Div 0s...... 1910Chic A P W lstg 5s....1921 Chic A Mo Rlv Div 5s. 1926 Mineral Point Dlv 5s..1910 Chic A L Su Dlv g 5s.. 1921 Wis A Minn Dlv g 5s. .1921Terminal gold 5s........1914Far A Sou assu g 0s.. .1924Contsinkrund 5s...... 1910Dak A Gt So g 5s........1916Gen gold 4s series A . .1989
Registered............... 1989Mil A No 1st M L 0s.. 1910
IstconsolBs..............1913C hie A Northw—Con 7s. 1915
Gold 7s........... 1902Registered................1902
Slaking fund 0S..1879-L929Registered...... 1879-1929 A -O
Slaking fand 5s.1879-1929 A - ORegistered...... 1879-1929 A -O
Slaking fund deb 5s... 1933 M -NRegistered.......... 19331M - N
25-year debenture 5s.. 19091 a- NRegistered.............. 1909 M-N
30-year debenture 5a.. 1921 A - ORegistered.............1921 A -O
Extension 4s.... 1880-1926 F- A Registered..... 1886-1926 F- A
Geu gold 3 *8 .............1987 M- NRegistered................1987 Q - N
Escan A L Sup 1st 0s.. 1901i.J - J Des Mo A Minn 1st 7s. 1907' F - A Iowa Midland 1st 8s. ..1900! A - O Winona A St Pet 2d 7s. 1907 M- NMU A Mad 1st 0s........1905 M- 8Ott C F A St P 1st 5s..l90>‘ U -S North Illinois 1st 5s... 1910 M - 3 M U L S A W ls tg 0s.. 1921 M -N
Convertible deb 5s. .1907 F - A Ext A Imp s f g 5s.. .1929 F - A Mich Dlv latgold 08.1924 .1 - J Ashland Div Istg0sl925 M -SIncomes................. .1911 M -N
Chic Rock I A Pac 0s....1917 J - JRegistered...... .....1917 J - J
General gold 4s...........1088 J - JRegistered............... 1988 J - J
Des M A Ft D 1st 4s..l905tJ - J1st 2 * s ....................1905 ; J - JExtension 4s...........1905 J - .1
KeokAD esM 1st 5s.. 1923s A -OSmall............................... | A -O
Chic A St L. See At T A 8 F.Cblo St L A N O. See 111 Cent,Chic St L A Pitts. See Pa Co.Chic 8t P M AO con 0s.. 1930
Ch St P A Min 1st 0s. .1918 Nor Wisconsin 1st 6s..1930 StP A S City ls tg 08.1919
Chlo Ter Transfer g 4s ..1947 Ch A West I 1st s f g 0s. 1919
General gold 6s.........1932Chlo A West Mich Ry 5s. 1921
Coupons off.................1921Qln H A D con s f 7s.... 1905
xr roo^ F r id a y . N ov. 25.
B id•116 110*
83% Sale*
WctK'a R a n g e o r
L a s t Sale
Ask Low . H ig h .------- 110 l i e
116 Oct.’0 4 88 83%
J - J A -O M -N M -S A -O A -O F -A M -S F -A M -N M -N M -S A -O J - D J - D A -O M -N M -N J - J
J - J J - J J - J J -J J -J J - J J - J J - J J - J J - J J - J J - J J - J J -J J - J J -J J - J J - J J - J J - J J - J J -J J - J J -J J-J5
J - D
nJ - DA -O
J - D M -N J - J A -O J - J M -N
r . s_________________________ A -O
2d gold 4 * s ................1937 .1 - JCln D A I 1st ga g 5».. 1041 M -N
0 I St L A C. See C C C A St L .!Olu S A C . See C C C A St L. J City A 8 Ry Balt 1st g 5s. 1922 J -
'105% 100% ' 90 93
*102 102* *109 ...*100 ...
M O O *......
117* Sale 102* .... 109 Sale
110* ., 102%
*107 ......•102* 103
117*108%
103* .
132 , 110
1........117' 90 ......105 Sale101 ......101 ..101 ......181101 ......101 102 119%......
120 Sale 120 ...120 ....119 Sale 110 ......
115% •
. .. .. 107*
131122142 144
117• lie117* 121
109 100*io uh
117*
108% 109*
*110 117*
105*' I'.!!!!
105% 105%9 0* 90*9 5 * May’08
N o .1
403
102111108107
102Sep.’9S J’ne’96 J’ly ’98
116%101%10S*lift1 1 0*100*L02100
102*97
121108%117*
117*Nov’98
109110 H O * 100*
Oct.’9KNov’98
i’0 2 *May’9-Nov’98
108*Nov’98
129 Nov'98 108 106 103* Nov’98 105 Sep.’98
110 Nov’08 01 Nov’98
105 105100 Nov’98
102* 8ale
•100% m u
152* Sep.’98 100% Nov’98 101 101 100* Nov’98 119* Nov’98 110 M ar’98 120 120* 129* Oct.’98109 Oct.’0S 121* Nov’98119 119* 115* Nov’08 107 M ar’0* 112 Apr.15% Oct.’OS
113% Nov’98 127* Jau.’ftb 108* May’97 112 Oct.’98 107 Nov’98 105* Feb.’ft 120* Oct.’98 123 Oct.’9S 142* 142*110 Nov’98 110 Nov’98 117* Nov’98 117* Oct.*98 109* Nov’98 107** J 'ly ’9rt120 Oou 98117 Mar’98 109% Nov’98 100* M ar’96 110% 116% 117% Feb.’ft 105% Nov’98 103 J’ne‘08102 102 * 103 103107% May'98
108 Oct.98
•108%........
134
130 119134112 118130*l»3*
ioa*9574 79108 109
•135133
1 3 1 * ......ft l* Sale
105 ......•119 ......
108% .
117100105137105*118%13513311213213010510494%8083
108*100
Jan.’ftb M ar’98 Apr.’98
137Feb *9 7 Oct.’98 Nov’98 May’98 Apr.’9 v Nov’98 Aug’98
105% Sep.’9b Oct.’98 Nov’08 Mar’9 i
108 * A p r’9 7
180* Oct.’98 185* Oct.’98
131* Nov’98 9 1 * 01*
106 J’ne’97120* Aug’08
119 Oct.’97103* Oct.’97 110* Nov’98
R ange f r o m
J a n . 1,
Low . H ig h i n 117 113 l i e 7 3* 00
99 100%90 90*95 99*
9 7 * 104" 111 118* 107 111~107 107
113* 118* 101% 1071047* i n 104* 121* 109* 11198 10497 10399 101
95* io 3 * 97 0 7 *
119 123105 110*114* 117*
122" 13*2*' 101* 108* 101 100* 100*109
112 110 80 9290 107
140 100
137* 152* 140 100%138 101139* 100* 116 119%110 110 114* 121 128 180**
118 121*111 119%110%117 107 110112 113*111 115%111 115 127% 127*
100“ i l4 * '102 107*104%105* 120 122* 117 123138 145113 110* 1 12 *1 1 6 * 113% 124*114 117*100 112 107* 107* 111 120* 117 119107* 110* 109* 109*112 118117% 117% 104 107103 10399 103*
103 103100 107%
108 108
117 117109 100105 105132* 137
113*118% 133 135133 135112 113127* 138 127* 131* 102% 105* 103* 105* 85 950 9 * 80
103 109
120* 138 128 180
126 182% 7 9 * 62
117* 122*
107* 112
• No price Friday; these are latest bid and asked this week, t Bonds due July, t Bonds due Nov. i| Bonds due June. I Bond* due Jan. $ Bonds due May.OUTSIDE SECURITIES (G iv e n at foot of 7 consecutive pages).— G A S S E C U R IT IE S , <£/;.*a«rv*wt K.nll'vnvN.Prov A Pawt’ck-lst5s '33 Rlchm RyAEIec-lst5s’20Rochester Ry..................
Con 5s 1930.........AAO8o Side El (Ohio)—Stock Twin City RTr— Ste Stock
Preferred...... ..............rTn’d TrAKIee(Prov)-8t'k
Chicago ol ..........Oon 1^30.. . . . . . . . MAN
W bsl End— See Boston Wo rooster (Mass )Tr-Com
Preferred.....................
Bid. Ask G a « S rc n r lf lro .$108
73 9
95 75*
Exch 102*1 68 93*
I 96 Bxcb.
12 98
110 78 |I I *
10070
Hst. I 1 .3 *71 || 09 90%list.14ioo \\
NE W TORE. Central Union Gas—
1st 5s 1927............ JAJCon Gas (N Y )— Stoch-N
Deb 5s 1908..........MANEqult Gas...................
1st 0s 1809........... FAACon. 5s 1932..........MAS
Mutual Gas.................N. Amsterdam Gas, Com.
Pref........ ...............1st consol 5s...- ....
$104* Y 8tk 100 110
$101 $110 310
27* 05*
$100*
104%Exch110'IS102*11832027%60%:
m i * !
G a s S ecu rit ie s .N Y A East. River Gas—
1st 5s 1944............. JAJConsol 5s 1945.......JAJ
Nor Un—1st 5s 1927............ MAN
Standard Gas—Common..Do preferred.................1st 5s 1930.......... MAN
BROOKLYN. Brooklyn UnGas—N Y St
1 ®t oon 5s—N Y Stock Williamsburg Gas—1st 0s
111%103
90185150
$114
ock E Exch. $102*
113104
95139•00110
xoh
102%
G h " Nppiirlrip* I Bid. Am .
OTHER CITIES. Baltimore Consoiidat-Se Bay Btate Gas—N Y Stock
Incomes......................Boston UnltedGas Bonds- Buffalo City Gas—Stock..
1st 5s 1047...........AAOOaloago Consumers 1st 5s ihlcago Gas—See N Y 8toOioero Gas Co 1st 0s........3inolnnatl Gas A Coke... * * And Interest, tpfleo
e Balt. Exch.
-Bosto 18
$ c»2 109
Ck Ex
201* ner «h
oLt»t1908
103*on.
202*>re.
1096 1 11 !•: ( H K O X IC L ll—B0ND PRICES (5 pages) Page a. [Vol. lxvii.
9 0 N O S .W Lt.-9TO C% K X C H A
W u s N o v . BA j£
M any* or An;< ' i i« s *
#**•¥• B O N D S .N .Y . STO CK E X C H A N G E
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- J• D ’
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as 74%;83 85 i88 91%lPO % 1 0 0 90 08 |
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ifl aa
183
OS daleTIN.....
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!&AlWfic««4 .*1*34 4 - JCAM#* M ilC C A t f c t g t 4 - 0
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4 r M A Co <*• AAA • ■ ' -•d«£«r%i rtma #• 904 J 'OQ +z*r*i &t«n it . - - 1W»A J - «*
B *> » i***£ , J - 4Oal A O s UA, 3** B A Cfei Gn&a. A T « « - Am NAW &&& A Pm* tUr* 1 **v c At.’43 A - O,
m l O l Sm S** C M A A P . :M A W its. Sm M K AT.
Iw ttO ■ - »9 f t ilit-g it S X 1*1 73.1908 A - 1 *5S2m^ # 2 A w ItATt.lOlisM-Jj MJO
.................1900 J - J;*105t l „ „ , ........ *..1871-1901 j A - Oj 1091« «@e ramr ?§♦,...♦lJJSjJ - g * U 0
...... ,.1915 J - D i 140A T tmc* A W 1st At. .1931 J - J 13«
0-:<^tr^r4iaa 1934 K -A ...W »n * a f4 ? i. ...........1900 A - O 105
l « A 11*4 t *tr*DtT7»_1917 M- t* 143......... ...1917 M -H ‘ 143
AJ3 4 M 1*4 Amb f * 7*1900 A *
77H N*.v'l**JB S«p-*9H
101N140 gmio <U0 140
1S9H 133*
I f S OcL*97108 Not *96
181 8«p.*9«
& H 63*73
75 Oct.* 97 77* 79*61 Feb-’WtJ
134
f f c t t & * i 4 r « t .*...1906 A -U0 ^4 A t..............1906 A - 0 1
K*«l*4tirm3. iss* A ter 1K7
131 180 116
,1906 A - OI 116....loa isM -N ....1931 M -N
am H it HE Htm Am Pa W t i Oma Cao Tt Co l * t « 5*.. 1W A - O
£*si Tmusb Co omG g As. 19101J - J *A H? Os* lit fH £ 4 U 9 I I J - J i 4 ii tir i.st #-oM 7*.. IV «.•■ i.t: M - N
■147V4 .
184 Not’98 186 J*l7*98 U 1H Oct,’98107 Sep.'OS 108)4 Oct,’98139 J’nG’ti8140 0et~’98137 8ep.’98118N Not’97108 Aog*98
Bep.’96 May’97 Aug’98
146143185
116117147141
Oct.*9S117
8ep.’9S May’98
Dots l.18S6 J •.19S6:J
108 .......98*4 fJft.lt-
lOBHEnlfe 100
lutta&og t* r: ••: •• u •
fi>iA 5*. S 83A J - I>Dsn 1C A f t IK & « C K A 1 (M \CM* « A KSam. Am C b i S W ,Dm* 14 t‘5 isy l* i # 5* ., 191“ U - Jt *100 105K ttATw tL Am l# A AM IMt * M u< J - U
IkM M .....................1V*S J •'Dm: A lw « IU t| « ItiSml W.'1“ *
.193
10HW# » «
108» « *
108MBBM
‘ SIS
80 8»N89 95 I0*44 109
70 8014 98
101N 105NtsiN no1*87*4 183)4
j100 108
181 121
83)473
70)454
89)461
128 128 125)4 126 137)4 144 107 107107 113^138 142)4140 140186N 138J4
102 OCt-*98
- DlA- O A -O j
§4 ft 6s ..191^ J - Jt m H«4 W A 1 i*t C As.1986 J - J* OmlAe* w^ofm A At<r J .JL’ m - ! ilina. S w H P IU M .!r » •*; T V* A iim Am flo Ky.(M l t m 1 1 1 Am ( A O.A.S. Cart A No. Am iMfcit .V V •n * *rt m*t if 4 * . . . 1 9 4 7
M « n 1 9 1 S ldM !*rrf3 *h * 19*®
5 *.,., .. ..!9 8 ( M i u t r « |*( . . M„ .1 W ‘ latttacm&t t»-44 7*1 rt M 7 # ..1 IM
lh:-ri 00*3 fttld 6*l 1935AmA A T A Krm irt 7ml9|B mat I S W A#.,., i wot
Ohm® .* .4 .,*........Imff fU M rt fs to .-0 Sm.ivov
a fBrw I r t t Atr.-IW-Bi Crmi 4 HE tsi « to Am 1911 Oort A t s » 3s* tmrA*.|9ta M l »4Temo I,tr «am l9 4 «
. 106)4^106)4 Oct.*98••
.71 -N bt- hi 51-P A -O J ► D
119 115)4119)4 .. . . . .118H.......MOW 191
98)4 Feb/98113)4 0 « .* «8
ira J7y*98 ..119)4 Aug*98 119 Nor’93 .. 117 J*n©*9M
108143
108%146
120)4 135%
110 118% 116% 117 147 147141 145
108 1114487% 90.%
106% 108% 85% 98%
97 102
104 110%
92% 02) 101 112)
. lW i ' « •U - H A- Iji J - tiJ - j ; j * JA -* r11 N11 Njr - j 11-N
iia lie116%119% 108 118 113 118
143% 145% t i l Ud'i135 . . . . . .1H5
104% J’ne’ 08 144% 144% 140 May*Wh180 8©p.*98 183 J’ne'Vb
*17104%105 138 147% 140 143 138%139 138 188
102% . . . . . . 108 Not ’ 98 108 108M l I l f n o% i l l 108 118%106 . . . . . . . . . . . .
: : : :100 OcL’ 08 107 io o j
3f% fiai* 02 93% 2711
7814 72 74 415; 66 76
! ! ! ” ! iV6 106% 1*06% * * *8 90 108%..... v ° V2% Aug’Wa H4% 92% in.a 2 , 42 WH
* lf*0 ,♦+»., l i t 02L*0K lo w M iu j ,
V i ” ioo 1 W t i *»>*! 3 1,28% 10 ( j j u i f i u i Si f f 120% A«*rwu
1*2 Kov*»8 t i * 1 *3: 97% 08 74!
! . . . .83 100
••**«* ........
IJillat A Pore M a 8a....1920 1 1st ooutol gold 5 «... ,1939 Pt Huron D lt 1st g 5s. 1989
Fla Con A Pon 1st g 5&..1918 1st land gr ext gold 5s. 1930 Consol gold 5 a ....,. .., 1943
Ft 8 A V B Bgo. St* 8ti#ASF. Fort 8t D D Col»tg4% sl941 Ft W A D C— 1st g 4-68.1021 Ft W & Illo Gr 1 at g 3-4s. 1928 Fulton Kiev. Sm Kings Co El./ i ol lia r A 8 A. See S P Co. U H l H A H of ’82 1st 5a.l918 Gil A Ain By 1st pf g 5a-1945 On Car A No 1 at gu g 5a. 1029 Georgia Pacific. Set So Ey. Grand Bap A Ind. See Pa Co.H un A 8t J. St* C B & Q
OUB&tonlc. See NYNII&H. Houat E A W T 1st g5fi.l933 Hous A Tex Cen. See So P Co. f illnolt Cent 1st g 4b-..1951JL Registered........ ....1051
1st gold 8%s........... ...1951Registered............. ,.1951
1st gold 3a sterling.. . . 1951i tegistered — ..,...,1951
Coll Trust gold 4 s..... 1952Registered.. . . . . . . . . . 1952
L N O i Tex gold 4s..l953 Registered.. . . . . . . . . . 1958
Coll tr 2-10 gold 4a....1904Registered. . . . . . . . . . . 1904
Western Line 1st g 4s. 1951Registered.............. 1951
Louisville Div g 3%s .1958Registered............1953
St Louis Div g 8s...... 1951Registered...... .....1951Gold 3%s................. 1951
Registered ........1951Cairo Bridge gold 4s.. 1950
Registered..............1950Middle Div reg 5s..... 1921 Spring Div 1st g 3%s. 1951
Registered .. — ,...1951 Chic 8t L A N O g 5s.. 1951
Registered ..........1951Gold 3%s...............1951
Registered . . . . . . . . 1051Mem Div 1st g 4s.... 1951
Registered.............1951Bellev A Car 1st 6a.... 1023 8t L Sou lstgu g 4a,.,1931Carb A S ls tg 4s........1932
In d B lA W , Sea C 0 0 A St L. Ind Dec A W 1st g 5b. . ..1935 ind III A la 1st ref g fie. .1948 lnt A Gt No 1st gold 68.1919
2d gold 5s................. ..19093d gold 4s................. ..1921
Iowa Central let gold 6a. 1988 Iowa Midland. See- Ch A N W, Jefferson RH. See Erie.K al A A G R. See L S A M 8,
an A Mich. See Tol A O C. K C A MRAB 1st gug 58.1929 K C P A G 1st A col g 5s, 1923 Kan C A Pac. See M K A T. Kansas Mid. See St L A 8 F Kentucky Cent. See L & N. Keok A Des M. See C R I A P. Kings Co El aer A 1st g 5s ’25
Fut El lstgu g 5s ser A . ’29 Knoxville A Ohio. See 8o Ry.L ake Erie A W ls tg 5s. 19 37
2d gold 5s............,1941North Ohio 1st gu 5s. .1945
L 8 A M S. See N Y Cent. L e h V a l(P a ) coll g 5s .1997
Registered ..................1997L e h V N Y lstgug4% s.. 1040
Registered................. 1940Leh V Ter Ry lstgu g 5slfi41
Registered................1941L V Coal Co 1st gu g 5s.. 1933
Registered. . . . . . . . . . . . . 1988Leh A N Y 1st gu g 4s. ..1946
Registered............ .1945E1C A N ls tg 1stpfGs. 1914
Gold guar Os........... 1914Leh A Wllkesb. See Cent NJ. Leroy A Caney Val. See Mo P. Lex Av A P F . See Met lit Ry. Lltch Car A W ls tg 6 s..1916 L R A M ls tg 5s 1937 Trotfs Loop Dock- See Erie.Long isl’d—1st con g 5a-l«31
1st con g 4 a ................1931General gold 4 s ..,,... 1038 Ferry 1st gold 4%s.... 1922Gold 4s....................... 1932Debenture gold 5s.. . . . 198 4 N Y A R B ls tg 5s....1027
2d income....... .....1027N Y B A M B con g 5s.. 1935 Bklru A Mon 1st g 6s, 1911
1st 5g................ 1911Nor 8hb lstcon ggu6s..’82 N Y Bay Ex li lstgu g<%'48 Montauk Kx gu « 5a,..1945
i * A Mo Itiv. See Gbt A Alt, U H A 8t I* Con on g 5s-1939. >
Tr Co oerta.... (General gold 4 s . 1943 on A Noah—Oeoel Br 7*1907 N O A M ls tg 6 s......1980
2d gold 6s................1980E 11 A Nash lstg 6»-..1919
General gold 6a..... .1980
A -O rw-N A - O J - J J - J J - J
jfrtceF r id a y , N ov. 1*51
B id . Ask.
08% Sale 09 Bale
Lore}. R iffh . 115 Oct.’Oe 00 98%96 09%
J -J J - D J - J
A - O A -OJ - J
M -N
J - J J - J J - J J - .1 M -8 n i- b A -O A -O M -N M -N J -J J - J F -A F -A J - J J - J J - J J - J J - J J - J J - D J - D F -A J - J .1 - J J - D J - D J - D J - D J - D
D J - D M -S M -8
J - J A -O M -N M -S M -S J - D
A -OA -O
J - JH I-8
J -J J - J A -O
Hl-N M -N J - J J - J A -O A - O J -J J - J M -8 M -S A -O A -O
79 Bale 63% Sale
97% 08% 104%105% 95 ........
02 04
112%......U 2 % ......103 105
slOS 105
103
93% .
’ 78% *
*94%;
ll'cCA)'®R a n g e o r L a s t Sale.
N o .
105 Mar *98 78 79%62% 63%
97% 98103 Aug'97 94 Nov’98
94% 04%
118 Nov’98 112% 112% 102 Oct.’08102% Apr.’98
Low. High 117%
104 Nov’98 108 Apr.’OH 102% Nov’98 101 Mar’JH* 100% 8ep.’98
103 103
94% 95
80 80
95% 95%
99%
1180389
104 Sale103 1( 4.....124%90% Sale 53 69
105 ......
75 Sale
S a n y o fro m
Jan. 1«
no8588 &
105 10565 79%54% 64
88% 98%
*98” a 94*'
188 96
109%115 108% 112% 102 105101 102%
15
123 125123 Sep/98
103% Jam’98
“ do” N ov ’9*700 90
108% 104103% 103%122 N ov ’0S00 9159 50
106% Nov’98
50 Sale45
116% 118% 90 100%
100 % 10 2
105 Sale
00% 92
O -Ji
h iM - 8 J - D J - D M- 8 Hep
A -O M *c M -S
r . ij - j
38 84
122 100 , 9692% .
99
M - 8 M - 8 J - .1J -.1 J -D J - D
. 101%
100% .
71
5040
118
50%Oct/Otf
118 100% Nov’98 100 Nov’98
104 Aug’98
104% 105
112109)
1 115%125... 123 123
... 103% 108%
* 1 “9*6* * 9 0 *
15 97 1056 103 10S «
... 116 183%48 1 ?8 92
9 44 8097 10SM
323
20
Nov’98 S J’ly ’97 i Mar *98
91 Oct.'9S
101 Sep.’i
120 Nov’98
97% 97%92% Nov’98
M ay’97
’ Nov'98
52% Sale 1 4 7103 ......125 .......
*107 ......117 ......119% 120
50 536% 6
106 Nov'97 124% Oct.’08 108 Oct,’98 117 l i 110% 119M
I 10
100 104103 10897% 102%
101 101 100% 100%
101 105
9592%
78% ’
*92% **95%
80
40*35
11595
100
104 104
s m
5949
11104%102
99 105
107 112%
92%*92%
01 92
29 34
117 120
§5%86%
07 H 92%
1445
100 102%
325
537
120% 124% 106 108 118 113n o * i * o «
4 i *9*1 Mljttl ib.1t trot Ml i rN 1 n> Aiigyiu t due April* il Bonds due January. 5 Bunds due July.
O U T S I D E S E C U R I T I E S ! < h . f:>- a t f o l it o ? 7 o o x a K c u x r v B p a g e s ) . — GAS SECURITIES, <&cf4 * « * * f * f i « t M . IM4* Asa f ix * Hp-CHrifles. Hid. | Ask.
X5 f >rt W »ytw (lad l— .* 71 751100 Hfl
><$i ? 0 ! rims— 9rwt»l IT slide tUnok.... 01 94Irt U 10 ft .._______ 14J (1
1I*U L. imL16 1;
1»« tm 1915,....... FA A ]|103 104lr.fSisr.ft ?fftiA in 8tJe 52 56
tssSm lf^'* ... J A ’ * rjH U ! -t 1*1* ... MAN 71 75grm+r-A &*■« : iW li ........ f r, e, ! • G**—#tr*Ck - 11c 120Si
10054%
N » b1st *4 1020....,...MAN lot!. 106).
r>swFi«» dm i i d t i H l i l me M * j \+e,pA* T Stock Kxcb.7186
753vDULTn 9 * * - fe» H Y K t r t . list Jrt «• 19S4 , . . . . . . MAN
Lin* H ecu rlt le *. Bid. Ask. G a s S ecu rit ie s . Bid. Ask.LogonsptA W ab Val—eft.k 52 £6 Syr’.oGua— , it 3s ’40.JSJ 88 80
1st 6s 1926 ...........JAD 72 74 vestern Gas (M llw) ...... 88 01Madison (W it) Gas—Sick £8 62
1st 6b 1936.......... AAO i » » « 102Ohio A Indiana—Stock... 52 56 American Dlst Tele—NY'
1st 6s 1926 ...........JAD 71 75 American Tol & Cab—NYPeoples Ga* A Coke—N Y Stock Exck Central A South Amor___ 107 109Philadelphia Co—See Bos ton t, 1st. Jbes A Poto Teloph—Stk 518tJoseph (M o )., , . , . . , . . . 83 35 Bond 5s......... ............. 108 1055s 1937................. JAJ 01 03St Paul Gas—Stock......... 48 52 Jommer Union Tel (N Y ). 110 118Consol 5s 1944 ....MAS i 82 85 Ecupire A Bey Btate Tel.. 75 76Irraoaae Gas—Stook...., 14 15 fiAnd Interest, tprioe per sh are.
Nov. 26, 1898.] T H E C H R O N I C L E — BO N D PRICES (5 pages) P ag b 3. 1097BONDS
H.Y. STOCK E X C H A NG E W e e k E nd in g N o v . 25.
Lon A Nash (Con.)Pensacola div gold 0s. 19206t L dlv 1st g 08..........1921
3d gold 3s.................1980Nash A Dec 1st 7s...... 1900Binkfd (3AA ) g 0s....1910 8 & N A oongu g 58.... 1930Gold 5s....................... 1937Unified g 4s............1940
Registered............... 1940Pens A Atl 1st gug 0s. 1921Coll trust g 5s............1931LA NAM & M lstg 4%s 1945 NFla A 3 ls tgn g 5s ..1937 Kentucky Cent g 4s.. .1987 L C ln A L e x g 4%s....l931
L A Jeff Bge Co gu g 4s. 1945 L N A A C . S O C I A L .Louis Ry Co 1st con g5s.l930 J - JM ahon Coal. SeeL 8 & M S .
anhattan Ry con 4s. 1990 Metropol El 1st g 0s.. .1908
2d 0s........................1899Man 8 W Colonlz g 5s... 1934 Market 8t C Ry 1st g 08.1913 MoK’p tA B V . SeeP McKAY Metropolitan El. See Man Ry.Met St Ry gen c tr g 5s.. 1997
BwayA7thAvlstcg 5s.l943 Registered ..........1943
OolA9thAv Istgug5s.l993Registered............. 1993
Lex Av A P F 1st gu g 5s.’93Registered.....................
Mex Cent con gold 4s... 1911 1st con Income g 3s... 1939 2d con Income g 3s.... 1939 Bqulp A coll g 5s
Mex Internet 1st : g is.’77Mex Nat 1st gold 0s......1927
2d Ino 0s ACp stmpd. 1917 2d Income gold 0s B..1917
Mex North 1st gold 6s.. 1910 J -Registered...............1910 J -
Mlch Cent. Set N Y Cent.Mid of N J. See N Y Sus A W Mil E lR y A L3 0 -y rg Ss.1920 M L 8 A W. Set Chic A N W Mil A Mad. Set Chic A N W Mil A North. SeeChM AStP Mil A 8t P. Set Cb Id A 3t P Min A 8t L gu. Set B C K A N Minn A 3t L —1st g 7s .. 1927
1st cons gold 5s ........ 1934Iowa ex 1st gold 7a... 1009 South West ex ls tg7 8 .’10 Pacific ex 1st gold 0s. 1921
M A P 1st 5b at 4s lntgu..’80 M S3MAA 1st g 4s lnt gu.’2«M 8tPA83M con g 4s lnt gu’38 Minn 3t Ry 1st con g 5s. 1919 Minn Un. See 3t P M A M.Mo Kan A Tex—1st g 4s. 1000
2d gold 4s...................1000lstexten gold 5s........1944M K A T o fT ls tgu g5 s.’42 K C A P d C 1st g 4s....1090 F- Dal A Wa 1st gu g 5s. 1940 M- BoonevBdgCogug 7s..’O0 Tebo A Neosho 1st 7s. 1003
Mo K A E 1st gu g 5s. ..1042 Mo Pao—1st cou g 0s. ..1920
3d 7s........................... 1000Trust g 5s...................1917
Registered.............. 10171st coll gold 5b...........192o
Registered..............1920Pac tt of Mo 1st exg4s.’38jF-
2d extended gold 5s. 1938; J - Verd V I A W 1st g 5s..'20 M - Leroy A C V a L 1st g 6s ’36 J - S tL A IM t lstextg 4%s.’47 F-J
2d ext g 5s...............1947 31-Ark Branch ext g 5s. 1935 J - Genconry A ldg rtg5s ’3l| A - Gen con stam p gtd g 5s * 31; A -
MlssKlvBdge. 3'eeChioAAlt
Small.
Bt L A Cairo gu g 4s . . 1931 Mohawk A Mai. Set N Y C A H Monongahela Rlv. Set B A D Mont Cent. Set 8t P M A M. Montauk Ext. Set Long Is. Morgan's La A T. See 8 P Co. Morris A Essex. Set Del LAW
Nash Chat A 3t L 1st 7s. ’ 132d 0s..................... 1901
1st con gold 5s........... 10281st 0s T A P b ............. 19171st 0s McM M W A A1.1917 1st gold 0s Jasper Bch.1023
Nash Flor A Shef. See L A N New H A D . See N Y N H A H N J June RR. See N Y Cent. N J Southern. See Cent N .1. NewAClnBdge. Nee Penn Co N O A N E prlorllen g 0s. 1915 N Y B A Man Bch. See L I. N Y Bay Bxten RR. See L I. N Y Cent A H R— 1st 7s. 1903
Registered..............1908Debenture 5s of. 1884-1904
Registered ....1884-1904
P r ic eF r id a y ,
N o v . 25.
Week's R a n g e o r
L a s t Sale. Bo
nd
s \
Sol
d.
I
R a n ge f r o m
J a n . 1.
B id . Ask.
109 ........
Low . H ig h .
103% Sep.’97 121 J’ly '97
N o . Low . H igh .
*107 ........ 107 Nov’98 105 107
102 .... 104% Sale 94% Sale
103% 103*6 104% 105 93*6 05
Q20
94 103% 100*6 105 83 95
100 111 104% 105 109 ........
111 Nov’98 104 8ep.’98 109% J’ly ’08 102 102 91 Oct.’98
103 Jan.’98
105
90% 111 101*6 108% 108 109% 87% 102 85 92
103 103
* 99 100*6 01 ........
109 Mar’98
04 95% 118 118 101% 101%
101210
103 109
9 a 98*6 114% 119*6 101 105
95 Sale 118 ........101% Sale
118 Sale •122*6........
117 118 122% 122%
031
108% 118 114% 122%
122 123 123 128 3 110 123%
122% 123 122% Nov’98 .... 117 128%
30 Nov’98 00 00%
80% Sale 80 80% 51 70% 80%
13 J’ly ’97 97 Feb ’97102
*100 . . . . . . 101% Nov’98
143 OcL’08 109% 109% 125 Oct.’08
l i
101%101%
142% 143 100%100% 125 125
147 150%........n o
123% 130 121% Aug’97
02 Sale 05% Sale
91% 92 05 05% 83 Aug’9» 83 85 74 71 81% Nov’98
95150
" 3 2
82% 92% 57 07% 83% 88 80 39 70% 70 75 84%
84 ........00 70
• 80 85
101 Sale 104 Saleno ......
lo i io i108% 104 111 11183% 34
21443
20
93% 102% 03 107%
103% 112% 05% 87%83% Sale
........ 70 70 Nov’08 .... 00 80
........107108 ........
100 100108 Nov’98
3 100 100 105% 109
I07 i^ ......100% Sale 107 ........
107% Nov’98 100% 100% 107% Nov’98 97% 08% 90% Oct.’98
" 2
280
107 110*6. 102% 107*6| 102 108 80 100%! 80 100
98% Sale • 90 98
124 120 112 ........
125% Nov’98 119 Dec’97 80 82
103% 103%
.... 118* 135*
81% Sale1 0 3 )i........83 .......
15380
70 82 i 97% 103%
........188 133 Nov’98 105% Nov’97 100 100
.................
128 183
5 100 100
...... ..........
118%........ 118 Nov’08 118 Nov’98 111% 111% 111% Nov’98
"*8
113% 110*, 113% 119 100 112 too 111%
118%........111% dale 111% ....
BONDS.N.Y. STOCK E X C H A NG E
W e e k E nd in g N o v . 25.
N Y Cent (Con.)Reg deb 5s o f .. .1889-1904 Debenture g4s. .1890-1905
Registered......1890-1905Debt oerts ext g 4s.. .. 1905
Registered................1905G3*6s.......................... 1997
Registered................1997Lake Shore col g 3*6s. 1998
Registered.............. 1998Mich Cent coll g 3*6s.. 1998
Registered ...............1998Harlem 1st 7s............1900
Registered. . . ..........1900N J Juno R gu 1st 4s .1980
Registered...............1980West Shore 1st 4s gu .2301
Registered...............2301Beech Crk 1st gu g 4s. 1930
Registered...............19302d gu gold 5s...........1930Registered................1930
Clearfield Bitum Coal Corp ls t s f intgug 4s Ber A . ’40 Small bonds series B. .’40
Gouv A Oswe 1st gu g 5s.’42 R W AOgcon lstext5s.’22 Nor A Mont 1st gu g 5s.’10 R W A O T R lBtgu g 5s. 18 Oswe A R 2d gu g 5s. .1915 Utica A Blk Riv gu g 4s. ’22 Moh A Mai 1st gu g4s.l091 Cart A Ad 1st gu g 4s. 1081 N Y A Putlstcongug4s.’93 N Y A North 1stg 5s.'. 1927 Lake Shore A Mich South—
Det Mon A Tol 1st 7sl9O0 Lake Shore divid 7s.1899
Consol 1st 7s.....-11900Registered...... .1900
Consol 2d 7s.........1903Registered.......1903Gold 8%s........... 1907Registered......... 1997
CinA S IstgLSAM 87s’01 K A A G R 1st go 58.1038 Mahon C’l RR 1st 5s.l934
Mich Cent—1st con 7sl9021st con 5s.................19020s.......................... ,.19095s.............................1931
Registered............19314s............................. 1040
Registered........,.1940Bat C A St 1st gu g 3s.,80
N Y Chlo A 8t L ls tg 4s. 1937Registered..................1937
N Y A Greenw Lake. See Erie N Y A liar. See N Y C A Hud. N Y Lack A W . See D L A W N Y L E A W. See Erie.N Y A Man Bch. See Long Is. N Y A N E. See N Y N H A H N Y N H A Hart lstreg 4s.’03
Convert deb oerts $1,000 ..Small certfaflOO...........
Housatonlc R con g 5b. 1037 N H A Derby con os. . .1918N Y A N H 1st 7s........1905
1st 0s.......................1905N Y A North. See N Y O A H. N Y O A W con 1st g 5a. 1939
Refunding ls tg 4s.... 1902 Regis $5,000 only... 1902
N Y A Put. S M N Y 0 4 H .N Y 4 R B. See Long IsL N Y 8 A W . See Erie.N Y Tex A M. See So Pac Co. North Illinois. See Chi A NW. North Ohio. See L Erie A W. Northern Paclfio—
Gen 1st RR A L G a f g0s.’21Registered......... 1921
St P A N P gen g 6s... 1928Registered ctfs........1023
Prior lien r A 1 g g 4s.. 1097Registered................1997
General lien g 3s........2047Registered......... ...2047
Wash Cent 1st g 4s.. .1948 Nor Pac Ter Co lBt g 08.1933 Nor Ry Cai. Set Cent Pac. Nor Wis. S w 0 8 tP M & O . Nor A South 1st g 5s.... 1041 Nor A West gen g 0s.... 1931
New River ls tg 0s....1982 ImprvmtAext g 0s... 1934 C C A T Is gu g 5s.... 1022 Sclo VAN E lstgu g4s.l089 N A W Ry lstoong 4s. 1990
Registered ...............1990Small....................... 1900
Nor A Mont. See N. Y.Cent.Og A L Ch 1st con 0s..1020
Income...................1920Income small...................
O In d A W . See O C C A St L. Ohio A Miss. See BAO SW. Ohio River RR 1st g 5s.. 1930
General gold 5s...........1937Ohio Southern 1st g 0s..1021
General gold 4s...........1921Eng Tr Co certfs.............
Om A St L ls tg 4s........1901Ore A Cal. See So Pac Co. O reR yA N av lsts f g 08.1909 Ore RR A Nav con g 4s.. 1940 Ore Short Line 1st g 0s. 1922
Utah A Nor 1st 7s....... 1908Gold 5s........... 1920
M -S J - D J - D M -N M -N J - J J - J F -A F -A F -A F -A M -N M -N F -A F -A J -J J - J J - J J - J J - J J - J
J - J J - J J - D A-O* A - O M -N F-A5 J - J M -S J - D A -O A - O
F -AA -OJ - J-SJ - DJ -DJ - DA -OJ - JJ - JM -NM -NM- 8M -S
J -J J - D A -O A -O
J -DA -O
*102*6....‘ 108*6....100% Sale
*119 ......110 ...100*6...
M-NM -N J - J J -J
J -DM-SIM-81
M -N M -N A -O F -A J - J M -N A -O A - O A -O
A -OA -OA -O
J -DA -OJ -DM -N
P r ic e F r id a y ,N ov . 25.
B id . Ask.
Ul%....107%......107*2......105*6......105*6......10S*6......108 ......00% Sale
95 Sale
*105*6 106* ....105%♦105 ...
111% ......110*6 Sale
Low . H ig h .
109*6 Sep.’97 105 Nov’98 104% Feb.’98 105 Nov’98 104*6 J’ne’98 108 Nov’98 108 Nov’98 90 9795*6 95*694% 9598 Nov’98
105*6 105*6105*6 Nov’98 103 May’97
111*6 111% 110 110*6 108 Nov’98 100 J’ne’98
130 Sale
110 ... .
, 128
. 112
. 104*6
128 Oct.’98
121 Apr.’98 102*6 102*6 108 Oct.’98100*6 100% 117 Aug’08 115% J’ne’98 107 107%105% Aug’98 108% Dec’97
121 Oct.’98112 Nov’98
105*6 .
125 113 .1*1% . 115*6 .
108% Sale 102*6 103*6 ...... 101*6
117% . 117 ,180 .
101% Bale
”0*7" Sale
88 94... 120
99%......• 122 ...128 Sale
•117 ......•105 ......
03*6 Sale * 80 80*6
J - J
J-JJ - DF -AJ - JJ-J
80
rH4%....101% 8ale 130 Sale
Weeky8 R a n g e o r
L a s t Sale.
95 J’ly’98
13*6" 1*8*6"
107 Aug’9
104% 104%122 Feb.’98 121% J’ne’98 125*6 Jan.’98 100 Feb.’98 108 Jan/98
105% 105*6104 104
104*6 Oct.’91 101 101 100 Oct.’98120% Aug’98
121*6 Nov’98 115 Oct.’98
108% 108% 108% 103*6
117 Nov’98 117 Oct ’98 131*6 Oct.’98 130 Sep.’98101% 102 100*6 8ep.’98 "3 07%
88116
Nov’08110
102 J’ne’08123 8ep.’98128 128 117*6 Aug’98 101 Feb ’97 93 93%85*6 80%
102 Jan.'0884 8ep.’989 8ep.’988% Sep.'98
79 80
114 Oct.’98101 101% 129% 130%
N o .
11
4217
121 J’ne’9« .. ..102 May’9?l
121 121 110 115*6 102*6 107 122 128 121 127125*6 1^5% 100 100 108 108
R a n g e f r o m
Jan . 1.
L o w .H ig h ,
2 1 0 6 M 4% 1048 0 % 108*6
102 106104*s100% __104 105105*6 108 104% 103 94 9793% 05*6 91% 95 91 93
105% 109*6 104% 109%
102% 111*6 101*6 H0*6 108 108 100 100
95 95
119*6 ISO
107" 107"
123 120
103 105|
100 107*6104 104
145 101145 100120% 126*6119 121*6113% 115
100 10996 103*6
112 119*6 112 119124 181*6124*6 ISO 90*6 102% 93 101%57 09
88 90104 116
102 105120 125%118 128 117 11«%
82 9474% 87*4
102 102
8°8 IV*7§* IF
111 116 89 2 101%
118 180% 121 121
• No price Friday; these are latest bid and asked this week, t Bonds due Jan. t Bonds due July. || Bonds due June. $ Bonds due May. 1 Bonds dat NoV ■
OUTSIDE SECURITIES (G iv e n at foot of 7 consecutive pages).— T E L . & E L E C T R IC , &c.T e ie g . & T » l f p h . 1 Bid.
Brie Teieg & Telephone..Franklin...... .................Gold A Stock...................
Bonds...........................Hudson River TelephoneInternatlon Ocean.......Mexican Telegraph.........Mexican Telephone.... 10 New Eng Telep—See Boat Northwestern Telegraph. N Y A N J Telephone....
5s 1020 ...............MANPacific A Atlantic......
74% 40
110 90 75
109 200 05c.
cn list 112 141no75
Ask. T e ieg . A T kIp d H. Bid. Ask.7650
Southern A Atlantic........West’n Union Teieg—N Y
92Stock Ex oh
78E lectric C om pan ies.
Allegheny Co Light Co... Brush Electric ('<> .......
105 175^0 50
205 Br’dgprt (Ct) El Lt Co.25 t 4080 c. Consol Klectrlo Storage.. I 0
Eddy Electric Mfg Co..25 Edison El III Co N Y -N Y
t ........Stock
15Exoh
145 Edison El III Co B rk -N Y Stock Bxoh112 Edison Ore Mining Co.... n 1480 Edison Storage Co...... . 28 80
E lectric Com panionEast End Electric Light..El ectro- Pneumatic..........Fort. Wayne Elec. C o ..25
General Electric Co—N Y Do pref.—See Boston L
Hartford (Ct) Elec Lt Co. Hartf’d(Ct) LtAPo«Co25 Mo Edison Blectrl >....
Do preferred. .........Narragnu. (Prov)HU Co.50 New H h v .CM Elec Lt Co Rh »de Island Eiec Pro Co.
4c.
Stock1st.125M *41
1x84• 77
x!18%
18o.
Bxo)
125’
d l e c t r l c C o m p a n i e s ,
Toronto (Can) Elec Lt Co. Thom-Houst Welding Co. United Elec LtAP Co pref
Bonds..........................Voonsocket (R I) El Co..
F e r ry Com pan ies.3’klyn A N Y Ferry-Stock
Bonds...........................dobokon Ferry—Stock..
1st. 5« 1940.......... MANMetropolitan Ferry—5s..
§ A>><! interest. tPrioe
Ask.185%
1288
100
40« »4%140 110%
$108 per •»>
180*61001885
4195
145112110
10 i -- T H E C H R O N IC LE —BOND PRICES (5 pages) Page 4. |Vol, LXVII.
3 0B . . t j n o d i
fFmpi IL« s.
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A -O .. . . . . .... ..
J - J Uft lift 114i4 m i *J - J .. .. . : i* n oW-H 10* Nov* ON
A - O 113 Nov* OSA -O • i l l 11 $H 1 U M Gel-*08W ■ H * II8 U S I U
5$|
IS ! 96«0 39
MA- 39
Range.f r o m
Ja n . 1,
Low . H igh |109 j81 « I6<>t ,
BONOS. S N .N .Y .S T O C K E X C H A N G E 4*£
W kisk E n d in g N o v . 25. I £ £
. IW iM - P- A
.i*d 0 ir - a » e t i J - j
. }0 i K J - J
104 Nov*»i$ 109 J’ne’Oft 109)4 Apr’97 1*1 Nov’98 141 Sox'9b
f t t. A P 1 titoB V *•», lo s e ' A -O ♦111K ftp ^ to l .. . . . . . . . . 1939 A- O
«kwt A P in* ooQ * 17« G «s *a s ll^a m F* A.
ItKtOj.S04t10-l t
W- ,sJ - J ! A- O
i 10
ft |*W4 gU f *)4* O .iw d j J ■- J '{SKT-an* C ........... ....... 1V4JMJ - J 1 ,,
llftfc Apr'97
i 07* ’ MnV’PS
. Of K 4 l* i lu * a « *4 f4 . lv * ! JASigfc V flj # «* ga * i t 104 * i >11 9
r A I v tt£g* cvfl ftMf 5] j - Jr«B S ».H ( f t r**l lPS'a; .tt-N
090 •tBft&fcf f 6.*...... ,.10-OVJ - JuseTaxtvetfjr ft* f « f . , .l90V,(>Ml|0*6 « f t . . . . . . . . . . 1019 M- £*f
fettfUtOTNa...........1019 Q - J*ji * ...............
D l a v l*n co < 4ka.t9S3 M*3fU K J R t A C f t a r w a 4j l 1 V 4 * M - 9O I U M H i t O U s i l C . ’M T ' A l * £ 4 L « i r { i l 9 ( 4 f IV 3 « j j - J
fVB«*c>A«4 A t 4 w L 4 N **b *s free ft K i * ft* tr Fee.’?'.' J - J 1
* ■ M -H ]M -M
J *114)4 118)4
99 10094£s» Dtv I«4 f ft* U m
Id c ft* tr r»c 1 *1 t*3„ 193ft fe e A I f t A J ^ C C C i St l.V*. a Iftfc Co l e t * ft* .. -1931 Q - F ISO
A.4 9 * * « . , . . . . . . . . 1 9 3 1 1M - N 95Pt>#. onnA fill <"3«*r ft* . . 1 9.4 * J - I) j ....FV.t*C.r, A P «a s OxF C C i 9i L Aw l-ftsys Cm. }
A - O ....P* IS* 4 CV-saaiUt. 5 « B 4 0.Bum* f\ W A Ch. 5m P «a e (> *
J 130 13!)4f* ,lft A L, S r t* - l< lg f t ., t vS" A-OI rta*S4cK A Vo— lM ««ft/ -4 ? jJ - J* ,iA ira * f ft*.---------- ...19S4)J-’ JtcJC** A H Y 1st g f t , 191 $, J r*u# p a r i*t c a9 . ieift;j
4 1 .8 Uft g f t . . ie * Q jA 1*3 gold A*...... 104-$! J
f r iU 4 W**? t#l t 4*... 1017|J ■Pn 1* V * A *9 l *i cpso 5* 1937. j M
9 4 i * . .. i 097 JSS**CT«*.#?*t3 ... ...... . 19971J - j
H e r A f t r . 5#* l> A tL WMb. A !>«&. A/* ftc.'-.jOi R f.#X' Q f W «M l<4 f 4*.. .19*9 J l4Jr. Of J sat 1*1 * * * 5* 1939 J
H I
J ......J ...o '* u o•I ......J 95 K .. .. . JI *4
112)4
8*lV
&y¥
109 Nor'07
108* * May’07
115)4 Fob.'98
Sav F & W lot eon g 0*. 19.3 i I A - O *1st g 5 a ............ ........IWSI A -O 1
Scioto Val A N IS. See Nor Jc WSeub A Ron 1st 5#.........192ft J - J |Sea A B Bdge. ike Bklyn El.
171:109 107- i Sod Bay A So 1st g 5a... 192 l J - JSo Oar A Ga 1st g 5s.. .. 1919 M -N
............... Southern Pocltlc Co—
108 114H 110 110102 103
109)4 U S103 11394113 113104 104)4 10694 108
140 141,140 141
107 109
99 09 10544 Oet/98 13)4 J’no'US
ISO May *9800 Bftp. *98
137 Nov’07
107)4 Oct. *9S
00 Oct.*08H IM Nov’08 08 J’iy *07 0494
82 95
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00
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u * m ft* a -■«*** b . .. 4 h .< UGH A# CiAHlC,.., Nl U S 115
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BftftftVftl1 gold S*-,,,.,., - J! 1064)( IUJkS. B j rd ft. ,10»71A-Ol »7 100
114 J’ly *08 114 114118>4 Nov*08
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■R. 1, Ao. Rm futoot* » :«j p L f t W lift # 4* M(?Ij
) 4 | B l* r brf.'E.nj (S<#. ft P*ai City Cak. c r 5«
Ci'fe*-*Afet*w»4 #*>'34 l>*.. ft A P »!»tA l*t 3i
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115)4115H
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120 120 85)4 90
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i) 102 4 OcL’OHD «*H>, .. . . . . 00 Fvb.'Oft
180
i i T
.j 192)4 Jan.'OS
.180 Oct-*08
.115 Aor'W?
. 119)4 8ep.’08
!|iVd*‘ noV'Vh
i ta Atur'98
Am A-:*a il’ M If
r*ft. Oft.
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115 117105 109ISO 122)4 118U 184 U 128 187
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‘ 98)4 102)4 96 96
122)4 122)4 11SS 182
107 * 118)4
105)4 11*6)4
iVa u s *
Gal Liar A 3 A 1st g 0s. 191 u K - A2d *7 a .............. ,...1005 J -DMox A Paodlv l# tg 5».'3 ! M-N
Hoos A T O 1st VV A N 7s.’ 03 J - J1st * 5s int *rtd....... 1037 J - JCon g rta Int g td ...... 1012 A - OGen « 4s lnt gtd......1921 A -O
Morgan's La A T 1st*Os,’20 J - J1st 7s......................1918 A -O
N Y T & Moxgu l»tg 4 s .' 12 A -O Ore A Cal 1st gtdg 5s. 1987 J - J 8 A A A Pass 1st gu g 4a.’48 .1 - JTex & N O 1st 7s........1905 F- A
Sabinediv 1st g 0s.. 1912 M- 8Con g 5s .................1043 J - J
SoPo f Argu 1 stg6s.’09-10 J -J» S P Of Cal ls tg 6fS.’05-l2 A -O
1st oon guar g 5s.. 1987 M -N A A N \V 1st gu g 5s. 1941 J - J
3 P Coast 1st gu g 4s.. 1937 J - J S Pac of N Mex 1st g 6s.' 11 J - J
South Ry—latoon g 5s.. 1904 J - J Registered. . . . . . . . . . 1994 J - J
Mem Div 1st g 4-4)4-5sl9O0 J - J Registered ..........1996 J - J
E Ten reor lien g 4-5s.l938 !>I-3Registered ...............1938 Dll- 8
Ala Gen R ls tg 6s.... 1918 J - .1 A ll & Ch Air Line Ino. 1900 A - O Col A Green v 1st 5-6s.l9tft J - J B T Va A Ga 1st 7a.... 1900 J - J
Divisional g 5s... .. . 1930 J - JCon 1st g 5s ...........1950 M -N
Ga Pac Ry 1st g 0s ... 1922 J - J Knox A Ohio 1st g 6s . 1925 J - J Rich & Dan con g 0b . .1910 J - J
Equip sink fund g 5a. 1909 M -SDeb 5s Htaraped...... 1927 A -O
VIrginlaMid gen 5s,. .1980 M -N Gtd stamped.. . . . . . 193ft M -N
W O & W 1st cy gu 4s.l924 F - A West N C 1st eon g 0 s. 1914 J - J
S A N Ala. Sc* L A'N.Spok Falls&Nor ls tg 6a.l939 Stat Isl Ry 1st gu g 4t4s.l943 Sunb A Lew—See Penn RR.3yra Bing A N Y. See D LAW . rper A of 8t L ls tg 4)4s.*39 L 1st con gold 5S.1894-1944 St L M BgoTergug58.1930
Terre Haute Elec Ry g 6s.’1 i Tex & N O. See So Pac Co.TexAP Ry B div ls tg 8s. 1905
1st gold. 5b................. 20002d gold Inc. 5s, Dec.. .2000
Third A v 1st gold 5s.... 1987Tol & O C ls tg 5s.........1935
Wesfc’n dtv 1st g 5a... .1085General gold 5s......,,.1985Kan A M 1st gu g 4a. .,1090
Tol Peo A W 1st gold 4s. 19! 7 T St L A K 0 1st g Ga fcr.1910U lster & D e ll st c g 5s. 1988 J - D
nlon Bl&v. See Bklyn Elev U u E l IChls) 1st g5a.... 1945 A -O Un Pac—RR A 1 e g 4s. 1947 J - J
Registered...... . ...... 1947 J - .J
J - JJ - D
A - OF - A A -O Q-J7
i l l - 8J - DMch, J - J J - J A -O J - D A - 0 J - J J - D
Tr Co ctfs g 4)4s........1918 M -NO P DAG 1st c « 5fltrrc.'39
Cni N J RR AC Co. See Pa RR Utah A North. See Oro S L.Utica A Black R. See NY CentVer Val lad A W. See Mo P.
irglniu Mid. See South Ry.W ab ftR Co ls tg 5 b,, 1989 M -N
2d gold 5s............1930 F -ADebenture series A . . .. 1939 J - J
Series B................ 1989 J - Jlstg 5s Dei A Ch Ext. .1941 J - J StOhas Bridge 1stg 6s. 1008 A - O
Warren RR. See Del L A W Wash OA W. See Southern West N Y A Pa—lstg 5s. 1987 J - J
Gen g 8*4a.......... 1943 A -OIncome 3s— April, 194a Nov,
West No Car. See South Ry. Western Pac. See Cent Pac.W Chic St40*yr lstcur5s.’2S M -N
40-year ecu g Be......... 1980 M- NWest Shore. See N Y Cent.W Va A Pitts, See B A O.W Va Cent A P 1 st g 0a. 1911 J - J Wheeling A L 10 ls tg 5s. 192 6 A -O
Trust Co oertltlcat^B.................. .Wheel Div 1st gold 5s. 1028 J - J Kxten A Imp gold 5s.. 1980 If- AConsol gold 4 a............ 19 r* J - J
W tikes A East. See N T S * W Wll A Sioux F. See St P M A M Winona A St P. See C A N W VViBCentCo ls ttrg5 s ..1937
Engraved trust certldcaten. Income5s...... .,.,.....1987 A-OI
GAS A KLHCTRIC LIG H T BON Atlanta G L Co 1st g 5^.1947 J - D Bos U Gas trCtfo s f g 5s. .’89 J - J Btiyn U Gaft 1st Cong 5s..'45 M -N C h G LA C C o . See P G A 0 Co Columbus Gas 1st g 5s.. 1982 J - J
on Gan Co. See P G A 0 Co. >rttrolt. City Gu* g 6s.. .. 1028 J - J
P r ic eF r id a y .
j V ov . .‘25.
Week's R a n g e o r L a s i Sale.
l a$ $
R a n ge fro m
J a n . 1*
H id. Auk. Loto, H igh . N o . L o w .S tg h ,-120 ........ 1041. OcL'87 .. .. . . . . . . T|trM♦ioy ........ ................ . . . . . .•102 ........ 104^4 Feb.'OS 104?* 104)*
•100 ........100 Sale 90)4 100 24 93 100)4
107 Jan.’OS .. .. 107 107103)4 Sep.'08 100 105)4
95* ...... 98-4 08?* 47 02 99?4
n o 11154 Oct.'OS 107)4 112“....... 112 Sep.'98 105 113
85)4 Sale 85 85)4 87 8 S «,,. 120H Fffb.’OH 120)4 120)4
127 Apr.’98 .... 127 127
98** “ 03H 03^ 40 75 * ‘ * 931/74?f Sale 74 75 108 55)4 76>4
115)4 Nov’08 .... 110 115)4
103)4 Sale 103 103U • 1 00)4 103)4110 ........ 110)4 H I 100^ i ni l l ....... 109)4 Oct.’OS 10094 U0)4u n * ........ 102^4 Nuv’98 92)4 102?485 ...... . 87)4 Nov’08 .... 81)4 88
1118 ........ 11154 1U34 17 105)4 118U103J4 Sale 102« mass 718 87 108 «
08 Oct.'0ft .... 98 98109 ........ 107 n o v '98 103 107
100 ...... . 1*0254 |4>29C & 06 10294
112 ........
118 Sep.’QS107 107)4 107 107 3 105)4 108110)4 Sale 118i4 118Ji 1 112)4 117113 ........ 113 113 4 107 114)4123 ........ 123 123 1 118 123118 ........ 118 N o v ’98 .... 113 118
*123 .. . . . . 122)4 Aug’98 .. .. 118 125)4101 Nov’07 .............. ..
104* ....... 104 Sep.’98 .... 95 105____109 108)4 1089* 7 100 109
.. . . . . 100 10?M Sep.'98 .... 102 107?i* 87 ........ 90 Aug’98 .... 87?* 90U 6 M ........ 114 Nov’98 .... u o g i i B M
•100 .......no3 n o .. .. ................
n o ........ 112)4 Aug’98 109 112Xn o . . . . . . 110 Nov’OS .... 105)4 110W
108 Oct.’«7 ....
•108 .. .. . 105)4 Sep.’OS 1 0 5 «llO K109 Side 109 109 4 90)4 11047 Sale 47 47*K 210 28 50)4
125 Oct.’OS .... 117)4 125•105 108 105 105 1 102 105*103)4 107& 104 104 5 103 105• 80 ........ . . . . . . . . . . .• ....... 80 70% Nov’98 7# 82V*
77 78 78 78 0 69 7990 Sale 89)4 90 42 SO 92
102)4 Sale 101M 102J4 10 08 104
101% Sal*-' 100M 10IJ4 753 88)4 ib iM9 «^ Oct.’98 9S% 99)402 05 Yl) 44 05
85 Sale 81S4 85.^ IllJ i m 85%
....... U2% u i H 11* 27 io 4 « i n n91 Sale* 91 92 100 74)4 93
84 Sale 33)4 34% 2:3 21* 89.. . . . . 108 107)4 107m, 14 H7 10810& ........ 110 J’ne’98 .... 108)4 HO
•109 ....... 110 Nov’OS 103 110* ........ 65J* 55 55-M 25
14)4 Sale 1«M 1 4 « 10 10 U %
: : : : : : ’ 90 ’ ‘ Deo* 97 :: :: .......... .
100** lb s * ’ Sep*’*98 — 100)4 103*°100 ....... 100 Nov’98 100 103
10C BepFOS «0 108,, 92)4 Mar’Oft SS*40 ....... 49)4 Sep.’98 83
34 Nov’9702i i Sale a iM 94 33W a '4 «
................. 7 Nov’98 4 7S,
DS." ■' * ‘ ....... 9li< OcL’98
.. ..» o « ' n j
114)4 il49< 114)4 U4% 12 108)2 116M
9474 95)4 94)4 05 59 80 95)4
OUTSIDE SECURITIES (ft Mi-.adi dan June. * Bonds due f uly. i Beads duo Maroh. T Bonds due Jan. {Bonds due N ot
a t FOOT OF 7 OONSECUTIVK p a g e s ) . — FE R R Y & M I S C E L L ’ S\
* rtT |[ f*M : A •%. ^ l lw l ln n p a q . ,j a !* t r y r y mm*..1V* ft ?VA*......... JAJf lb?
».c«.PT WvrriMl A Can.lObj km A itPnw «ro f V Y.too
1 T AJT ft | 1 1 A J r«*T «rt , tool! 11 OCrw j Ar.ot ftp nit Nrde Oo..,5oj-• n - r- ■ * a Vft.trrj aA ;1 *9 i k-n*i'K*rt Brake Co.. 100ft, ,vf 1«NM : ( t'|if |J Uf, ■;,1 ktr.bt, r'^rkcmel—Orm>, . .
'Oib A i ® ' u * I PX'ft | f*tpf®rrpd ,ft* r * - * ft It ** . J k t r ; I i Q'S-t*; : A m m Orx»o— 1st prp f , i m >
pmrtx —«**j i$ kn^-f Mailing 6 0 —1*' ft tT fs........ w a v :u m «4 10*H Ktr. Fnp^|^nA’• tW>l Co, 10
* Pf Pvks* tbsGTV
_Bld- |Ask, 07 impSi* 27)4 3ft 40
107 I l f 0
1010Ex Ft
105“140
Stock1001115
J IfseeU micoBS. P a r. km Smokeless Powd.100 k m Soda Foun—Com .100
l gt pmf erred. . . . , , , ,1 0 03d preferred.........100
Amer Steel A W ire—Sc vmeriran Surety..,.,,60 Amer Tin Plate—Com.
Preferred ...............Subscriptions
Am Typeto'rs—Stock, 100 Amer Sewing Machine. .5 Amer Straw board.... 100
Bid. Ask.
4 742 5010 15
St’ok Ex Ft100 17030 .
118 11948 50
238
IVIIhcc tin neon h. Par.Amer Wringer com.. . luo
Pref.........................Amer Graphophone.,, .10
Preferred....... W)A nderson (John) Tob. 100 Automatic Vending...10 Barney ASm Car-Corn. 100
Preferred................1000b 1942.................. J&J
Bergn A Bug Br—See Phi1st 6b..........................
{And interest. tPrice
102114135 140140 150
10 w2513 1655 0097 100
I. list.110
per sh are.
Nov. 26, 1898.] T H E C H R O N IC LE .—bond PBICES (.5 pages) Page 5. io>9
BONDS. £ 1 3? .fN . Y. STO CK E X C H A N G E , 48 fc
W e e k E n d in g N o v . 25. 1 5 S
Det Gas Co con 1st g 5s.. 1918 F - A Ed El 111 1st conv g 5s.. 1910 M -8
1st con g 5s......... . 1995 J - J■d El 111 B’klyn ls tg 5s. 1940 A -O
Registered........................ . A - OHq Gas L N Y 1st con g 5s. .'32 M -3 1 q G A Fuel. See P G * C Co. , _ Gen Elec Co deb g 5s.. .1922 J - D Gr R apG L Co ls t g 5s.. 1915 F - A K 0 Mo Gas Co 1st g 5s. 1922 A - O Lac Gas-L Co of StLlstg 5s’ 19 Q-Fi
Small bonds............... 1919 Q -FiMut Fuel Gas Co See PeopGas Peo Gas A C ls tgu g 6s. .1904 M -N
2d gtd g 6 s ..............,1904 J - D1st consol g 0s.............1943 A - ORefunding g 5s............1947 M -S
Registered.......... ...1947 M -SOh G-L ACke ls tgu g 5s’37 J - J Con G Co of Chlstgu g 5s’30 J - D Bq G & F Ch ls tgu g6 s .’05 J - J Mu Fuel Gas ls tgu g 5.1947 M -N
Westn Gas Co col tr g 5a...’33 M -N
MISCELLANEOUS BON DS.▲ dams Ex—Col trg4s.l948 M -3
fXm Cot Oil deb g8 s ... 1900 Qu-F Am Dk A Imp 5s. SeeCen S J Am SpiritsMfg ls tg 6a. 1915 M -NBa r * 9 Car Co ls t g 08.1942 J - J
k’n W A W H lstg 5s. 1945 F - ACah Coal Min. See T C I & R.
hlc Jc A StVd ool g 58.1915 J - J Non-cum. Incomes 5s. 1907
Ciearf Bit Coal. See S Y C A H Ool C A I 1st con g 6s... 1900 Ool C A I Dev Co gu g 5s.. 1909
Coupon off.........................Ool Fuel Co gen gold 0s. 19 19 Col F A I Co gen a f g 5s. 1943 Com Cable Co 1st g 4s... 2397
Registered...................2397
D e Bardel C A I. See T C AI.el A H Can. SwRR bonds
Det vt AM Id gr 3%s 9 A.1911 ■rieT A T col t rg s f 5s... 1926 Gr Riv Coal A C 1st g «s. 1919 Hack Wat Reor lstg5a. 1920 H tn dB C o 1st s f g 0s.. .1931 Hoboken L A I g 5s......1910
111 Steel Co deb 5s...... 1910Non-cony deben 5s... 1913
Iron Steamboat Co 0s... 1901 Jeff A Clear C A I lstg 5s 1926
2d g 5s......................... 1926M ad Sq Gard’n lstg 5a.l919
etT A T Ists f g 5s.l918Registered..................1913
Mich Pen Car Co 1st g 5s.’42 Mat Un Tel Co. See Wn Un.N at StarchMfg Oolstg0s’2O
wpt News SAD D 5s. 1990 N Y A N J Tel gen g 5scy.'20 tr 7 A OntLand lstg0s. 1910 NoWestnTeleg. See West.Un. Peoria Wat Co g 6s.. 1889-19 PI Valiev Coal 1st a «•. io*n
m - nF -A
- J J
A -O J - JA -O J - J M -H M -N J -J A -O J - J
M -N ! M -N I M -N M -S
M -N J-J* M -N .f - a |
M -N M
P r ic e F r id a y ,Nov. 25.
Week's R a n ge o r
L a s t Sale.©5
So.
10
R ange , fro m
fa n . 1.
B id . Ask.94% .......
110%........
Low . H iah . 94 Aug’98
110% n o *117 Oct.’98 113% J’ne’97
Low High. 90 103
108 112% 114%119110% ......
109 110 UOJ* 110j* 4 96 110%
100 Sale 105% 106 11 100 100
108 ........ 111 Nov’97 108 108 117% 117%
1 0 S « ........117 117*4
23
102 i\o%115 120
110*4 Sale 110% 110% 105 Oct.’9S 105% Oct/98 103% 104% 101 M ar’98
102% 105 103 108
83 85
21
15
85
58
102 110% 10* 106 102 108100 105%101 101
98% 105 102% 10 v%
64 90
•105%................104X104 ........
105 Sale 106% 108
83% Sale
92 Sale 99% 92
109% Feb’97
25 84 100%
.................
100 101% 100% Nov’93 95 102 :
104 Jan.'98 79 Nov’98
103% Nov’98 104 Feb.’98
17 17 104 104% 95% Jan.’97
2010
ioo io479 84
101%105% 104 104
16 19 98% 104%
•........ 81
17 Sale •104 100
111 Aug’97
70 A p r ’97
: : : : : : 107 May’97 80 May’07
102 J'ly ’97.................................. " " " : : : : : :
90% 90%
103 104
96 90
104 Nov’98
5 ! 95 90 ;
105 109
1 !!! ! ! . '! ! ! ! ! !
..................
BONDS.N. y. STO CK E X C H A N G E
W e e k E n d in g N o v . 25.
Procter A Gamb 1st g 0s. .’40 J - J St L Ter Cupples Station A
Prop Co lstg 4^s 5-20 yr’17 J - D S Yuba Wat Co con g 0s. .’23 J - J Sp Val Wat Works 1st 0s.’O0 M- S Stan Rope A T 1st g 0s.. 1940 F - A
Income g 5s................1940 .......Sun Ck Coal 1st g s f 0S..1912 J - D Tenn Coal T Div l s t g 08.1917 A-Oi
Birin Div 1st con 0s.. .1917 J - J Cah C M Co 1st gu g 6s..’22 J - D De Bar C A I Co gu g 6s."10 F - A
U S Leath Co s f deb g0s .’13 M -NVt Marble 1st s f 5s......1910 J - DWest Union deb 7s. .1875-00 M -N
Registered.........1875-1900 M -NDebenture 7s.. . 1884-1900 M -N
Registered......1884-1900 M -NCol trust cur 5s..........1938 J - JMut U n T e ls f ’d 0s... 1911 M -N Northwestern Tel 7 s ...,’04 J - J
W h L E A P C Co 1st g 5s.’19 J - J
U. S. GOV. SECURITIES. (For U S 2s registered— Optional Q- MU S 38 registered...... ...1918 ..U S 3s coupon .............. 1918 .U 8 4s registered...... ...1907 Q-JtU S 4s coupon................1907 Q-JtU S 4s registered........... 1925 Q- FU S 48 coupon.............1925 Q - FU S 5s registered........... 1904 Q- FU S 5s coupon................1904 Q - FU S 0s currency.............1899 J - JU 9 4s reg certs(Cherokee)’99 Mch
8TATE SECURITIES. Alabama—Class A 4 to 5.1900 J - J
Small...........................................Class B 5s...................1906 J - JClass C 4s................... 1906 J - JCurrency funding 4s... 1920 J - J
Dist of Columbia—3*05s.l924 F - A Louisiana—New con 4s.. 1914 J - J
Small...... ........................... .........Missouri—Funding. ..1894-95 J - J Nurta Car—Consol 4s...l910iJ - J
Small....................... J - J0s............................... 1919, A - O
So Carolina—4%s 20-40.1933 J - J Tenn—Newsettlem’t 3s. 1913 J - J
Small............... J - JVirginia fund debt 2-3s. 1991 J - J
Registered...........................J - J0s deferred bonds..............Trust receipts stamped.... ..
4'?:
P r ic e F r id a y , N ov. 25.
B id . A sk .
101 Feb ’97
79 Sale 20% 21
94% Sale 98 Sale
115. 93 8aie
83115
. 113%
daily record98 % .......
10596 100 1059* Sale 11196 111% 111% Sale 127% 12796 12?% Sale 112 113112% 11310296 ......102% .....
108 . 108 . 107 .104 .100 . 118% . 100% .
Week's R a n g e o r
Last Sale.
Loio. H ig h .
3 3! «
N o .
7920
94%97
94%98
Jan.’98115
103105
103Mar 98
13t i l
113Nov’98
s e e s e v e n t h n n 9896 Nov’98
10596 105%105%111%111%127%127%112112%102% Oct.
105 ‘/v 111% 111% 1*7% 127% 112 112
&
R a n ge f r o m Jan. 1.
Low H ig h 113 113
5111
8324%
7979
9598
83 83111*116%
10
108% 103%105 Aug'98
Sep.’98 Aug’98
12910394
eo Sale
5% •
UNLISTED BONDS.Atch Col A Pao 0s tr ctfs............Atch J Co A West Os tr ctfs.........B A O pr lien 8^s (w i). 1925.......
1st mort 4s (when iss).l94*».......Col A South 4s ( when issued ) .......Comstock Tun ine 4s.... 1919 M- NOhm A Miss con................... .....Second Ave (N Y lis t 5s. 1909 M -N Plttsb A West 5s tr ctfs....... .........
97 Hal* 96% 8ale 85% Sale
10898
110 Sep.’98106% Nov’98 100% M ar’98
104 Nov’98
128 Feb.’9
9494%79%
94%94%80
7% Nov’98
71 Aug’98 60 J’ly,’9890% 9790% 9783% 80%
4 Nov’98 1°4 Aug’98 ... 109% .)an.’98 ... 5“%Oct.*oa!
103105
105111
943801878
107105%
118112%
108%109 105 108105%108 98 100
115 117 ‘100 100% ‘ 98 100%
101 104
128 128
878705
94V94%80
4% 9
324995%93%83%
3102
71008?w80%
4105%
109%109%------- 5 7 14.
No price Friday; these are latest bid and asked this week. t Bonds due J uly. t Bonds due May. I Bonds due April. i Bunds due January.OUTSIDE SECURITIES (G iv e n ax boot of 7 consecutive pag es ).— B A N K S & M ISO ELL ’8M isce llan eo u s . Pnr. Bid. Ask
Biacxweil a Darn 1*00.20 | 12% 20 Bliss Company—Com..50 110 .125
Preferred.................50 117 ll258ond A Mort Guar... 100 192 .......C*rter-Crume— Pref. . 100 58% .......Celluloid Co................100 75 80Cent America T r’nsit. LOO %;...... .Cent Flrew’rks—Com.100 4
Preferred................100 40 ........Chateaugay OreA lr0 s ’15 ........ 40Ches A O Grain El—Inc.. 12%! 17%
8
4s..Chesebrough Mfg Co. 100 Clahln (H B )-lstpref.l00
2d preferred...........100Common— See Stock Ex list, iark Mile End Thr d.100 75
Collins Co..................100 113
05310
0290
Colora. A South 4s (w. l.). ) SeeDo 1st pref. (w. Lj > ?*toc kDo 2d “ “ S Ex. list.Do common “ 6 7
Comstock Tun— 1st Inc... 2 4Consol id Car Heating. 100 35 37Consol Firew’ks-Com.100 10
35Con Kan C Smelt A Ref.25 85 90Consol Roiling Stock. 100 20 21%Contin. Tobac. (when Is.) 37 « 87S<
Preferred...... . ........ 81% 82%Cramps’ Sh A En Bldg. 100 77 81Diamond Match Co... 100 130«
20c.ppens 8m A Wiem..l00 75astman Kodak Co...100 09 110
Erie A W.stern Trans.50 80Federal Steel—See Stock Exch. list.
tdelity A Casualty.. .100 250Fidelity A Dep (B a lt)..50 140 145Galveston Wharf—1st 5s. 99 100
German Am Real Eat. 100 23 30Glucose Sug Ref-Com.100 05% 65 y,
Preferred...............100 107** 10794Goodyear Shoe Mach. .20 89HS 3 9 «Gorham Mfg Co-Com.100 100
Preferred...............100 112Great Falls Ice.......... 100 x l 15Hartford Carpet Co.. 100 01Heck-.Iones-J Mlll-Pf.lOO 45 50
1st 0s 1922.......... MAS 88 93Her'g- Hal 1-Mar ■-Cora. 100 1%Preferred...............100 7 9Hoboken Land A Imp’t . . 100
5s ................................ 107% 110International Kievat.100 75 80International Navlg.. 100 » 05International PaperlOO ( See Si ock
Preferred.......... 100 J ExchBonds 0 »................... 1109% U0H,International Pulp.. . 100
t ....... 10000" 1901...................JAJ 55
John B Stetson—Com. 100 45Preferred...............100 105 115
JourueayA Burnham. 100 20Preferred...............100 45 00
753*5
9795
Pneumatic GunCar’ge.10 Pratt A Whitn—Com.. 100
I Preferred............... 100Procter A Gamble.... 100
Preferred............... 100R.I. Perkins Horse 8h. 100
Preferred...... ........100Russell A Erwin...........25Safety Car Heat A Lt.100 Schwarzchild A Sulzb. I t 8emet-8olvay deb 5s.
Preferred................100Singer Mfg Co........... 100Standard Oil..............100Stan. Dist. A Dis.—See St<
Preferred — See Stock Stand Und'rg'd Cable. 100 81 oss IAS 1st 0s 1917.FAA Southern Cotton Oil.. .50 Stat Isl R T 1st 0s’13AAO
2d 5s 1920..............JAJStiUw-Bieroe A Sm-V.100Swift A Co................. 100
1st 0s................Susq Coal 6s 1911... .JAJ
1st 0S........... .......... .Debenture 0s ..............
M iscellaneous*. Par.| Bid [Ask 5i%80 95
108 158 118
5 35
!H 1 s e e I l a n e m i M . P a r .
KnickerbT Ice (Chlc.)w.i.Pref. (when Issued).... j Knlckerb Ice—Bonds 5s..
Lawyers’ Surety........100Lawyers’ Title Ins.... 100 Lorillard (P )—Pref.. .100
1 Madison Sq G—Stock. 1002d 0s 1919...........MAN
Maine S S.....................50Merch A Miners' 8 8.. . 50 Ylech’nical Rub-Com. 100
Preferred................100Mergentbaler Llnot.— See Meriden Britannia Co.. 2 5 Mich-Pen Car—Com.. 100
Preferred................1001st 5s 1942...........MAS
Minneapolis Brew 1st 7s.Mosler SafeCo........,100Monongahela W ater...25 Nat Biscuitr— See Stock Ex National Casket Co... 100 National Saw—Pref. .100National Surety........100National Wall Paper. 100N Y Loan A Imp........100N Y Biscuit 0s 1911_____New Jer Zinc A Iron.. 100 N Y Air Brake—See N Y 8
j Nicholson File Co....... 50Nicaragua Construct. 100 Peck, Stow A Wilcox. .25Pegamoid, pref.........100Pennsylv.Salt—See Phlla. Penn. 8teel—See Pli
5s 1917. M AN....
507994
102%150115
2540
1202050
SO00
Texas A Pacific Coal. 1001st 0s 1908.......... AAO
Title Guar A Trust .100 Trenton Pott—Com. .100
Preferred................100Trow Directory-New. 100 Union Switch A Signal. 50
Preferred.................50Union Typewr—Com.100
1st preferred.........1002d preferred...........100
Bid. A*S5K, 63
102280 290
4 928 858708 70
112 11513 15
100 10295 100
MlncelluneotiM. Par. BidU S Glass—Common..luo ...
Preferred................100 ...U. S. Oil—See Boston list.1IT 8 Projectile Co...... 100 j ...Wagner Palace Car... 10ft i 169% Welsbach Light—-See Phil a. list. Westlngh Air Brake.. .5011102% Willlmantlo Linen Co..25,t 25 Worth’t’n P ’mp-Com.100 30
Preferred............... 100 [ 99
* 4 *75
100170%
40100
60100493%
05180095
B an ks . Bid. Ask. B an ka . Bid. Ask. B an ka . Bid. Ask.N. Y. CITY.
360[Mercantile .. 167 100 n oAmerica*___ ....... 150 Mannfact’rs.
Mechanics*..240225
255100 Am Exch.... 170
300 2 20
171 Merch Exch. Metropolis*..
115
List.00
86* ABtor Plaoe* ........ ioo**400 Mech A Tra*. 250
275330
20028534580 Bowery*...... 300 Mutual*....... 100 120 Nat City......
2520070
Butch’sADr.. 05Nassau*....... 150
275 ........ North Side*.. People’s* — Scherm’rh’n* 17th Ward*.
100190
175195150105215
55 50
114 100
Lock E
Central....... 1H0 232 140100Chase........ 275 1200
110 Chatham___ 29U N Y Nat Ex.. 91Chemical..... 3800 4200 Ninth........... 90
xch.52%
Citizens’ ...... ISO 19th Ward*.. 1001051000 North Amer. 135
150Wallabout*.. 100,Colonial*___ 150
t 18 55
i Columbia*... 160 175 i85865
T ru st C om.N. Y. CITY.65 Commerce... 213 214 Park............ 355 • j
Ex. 11 at. Continental . 128 200 Am Dep A L.Corn Exch*.. 200 90 95 145 155
10012
140%
East River.. 130 810 140010
18211th Ward*. 220 114 118 200Fifth .......... 220 Republic .... 157H Continental . 190
1*50
275171
Fifth Ave*.. 2700 1904%
45273169
2700 Seaboard.... 179450
Farm Ln ATr 000First (St Isl)Fourth....... 180 135 100 Guaranty Tr 40014th Street*. 100 Shoe A Le’th 95 270Franklin..... Sixth.......... 270 175
38 Gallatin...... 325 400Gansevoort*. 100 105 Metropolitan
N Y L I A Tr300
103 35
101 124 110 415 410
Ok Ex.
10445
103128113430411List.List.
GarHeld....... 1050 1200•. • •
German Am* 113 118 12th Ward*.. 120 400German Ex*. 250 23d Ward*... 100Germania*... 300 230 205Green** ion*.. 105 Union Sq*.... 170 200Hamilton*... 110 100 107Hanover...... 400 275 1125Hide A L ’atb 90 Yorkville*.. 175 USM tgATr. 280 295
150 Unit. States.. Washington. BR’KLYN.
1270235117
8880
Hudson Rlv* 1 00 BR’KLYN.Imp A Trad. 450 490 215
90 Irving . ...... 150 100 Broadway* .. 180 190 Brooklyn Tr. 390 4001070096
Leather Mir. 170 Brooklyn* ... 125 130 225 23528lf'• • • •** 225
7093
100108
150 95750 5th A ve*.... 107 290
220237
200 S80 390 L Isl L A Tr. Manufact’rs.S L 07 Market A Ful 225 235 Fulton*........ 180 200
115 Mechanics’ . . 170 . • Gor Amer*.. 90 100 Nassau........ 10410 Mech A Tr»* in « Hamilton*... 106 ...... People’s...... 250 253
........7070 * Banks marked with an
$ Purohaser also pays acasterisk (•) » r « State baoi'a, tPrtoe^#*- atfafo. orued interest.
1100 t h e c h r o n i c l e . [Vou LXVII.Boston, Philade nd Baltimore Stock Exchanges—A Daily and Yearly Recordf f s l t m r * l ' r t r . ' » - ' o l P e r (V n U i *t P r le o * .
i«*9. Wti/hietday N a t, 2-1.
55H 81H9 AH 3<v* 97 l
*6 * 3 **| 30* 36*iv 147* 349
f » « • f i t ** 17 71 * •490 .. . . . .
S6 3 * lU M 166 100 106* 100*
i n ,) 1 N* 1*6 1*3
i 19* 1 so 1*3
118* 110 ISO ISO 134 133
113* 113* 112* 113*£4 •35* .. .. .. • « H . . . . . .
•c h «0H 40 40 #4 0* 40*
M il lo t * iW ii id*H 104* 104* 105
94 * . ...... 90•AO 05 .. . . . . . 051714 16 17* 18*
4 * 5 * 3 * 5H OM*6 4 ....... H i* •84 ........
K4f to 40* 40* 30* 41* 4 0 * 41*T6*t 74* 7»H 75* 70
l e i * 103* m * 105* 194 194*
i s * 544* 30* 50* 5»H 59* 59*03 V3* 01* 95* 93* 93*
a * ■* 5-10 6 * 5-16 SM* 0 1-16 5-1 e 30* *C * 2 0 * 22*
•v *94*
o * w*9 4 * S4t^
9 *35
9-\035
10 10* 8 4 * 85
4T* •67* 67* 67* 0 » * 08 68*SAW 97 37* 97* 289T*i m 88* 86* 8SJ. SSH
r/ iH ix la v -1 /■<•■•/<*;/, A"»0.2-fc .Vof.2iS.
ACTIVE STOCKS, fi In d ic a te s un lis ted .
§wt t t t ul » t * 1**H1
• i n * u e * j * * * * * *3 * h
r s o i m h 'i JWS #4S I
B ill * fRiH:49 *itT3
* * • « 191* 119 lift#
.« 4 « *<19Si
29**11*4*1its
090693 5 *I 51
S$i 282 '983 283m m 1 *3 * I2 S * 128* t i t l i t 1*112 112*«flo ! o i a oae930 930$5* 59
613 61383 08*33H 35 4 7 * 5 0 * * < * m i 7 5 * 75*;
• t i * si 4*45 33 . . . . . .0 0 0 6
138 1SSI t * 35* 31* 85i l * VI i l 2 l *
ito 119* 119*t$ t a * 38* V431 32* 33* 33*
* M O 1* *1 l i d l *36 33* 80*
*37* 60 5A 58*• Bid and Mkedorice*
238 238 55* 58*
085 640*88 63*3 8 * 34*. 48* 40 57* 58 75* 78
94 24 j 23* 23*35 85 *35* 30*
5 « 55, SM J H:H 133 138*34* 35 34* 34*23* 22* 22 32*
119 119*119* 110* 2 3 * 33* 31* 33
W37 87*.53 53*
sain w%«l
2 3 * 23*| 3 2 * 33 Ia l-
87*j 37 * 38*----- 58 58*
made,
0002*1 « *5
85* 40 H 7 5 *
90 •60 19 5
•84*40*75*
1 94 *191* 30 3159* 59* 93* 03* 0 9 5-ltt
32* 2 3 * 10 3-10 9-16
3 5 * 30* 0S* 09* 2 7 * 28 89 89
281 282 121*123 113 112*230 288*55* 50
025 030•03 03*32* 34 49 5058* 59* 75* 73
•23 23*30* 36*
m «138 13834 8521 23
120 120 •23 23*33* 33* •1 1 * 39 3959 59
paid.
257491309129809
3 151 014 620 111 000
4185140274
26
K ill I road Stock*.j 55 * 50 BnlLClty P&s.-,£tew.2d In. pd. (Balt.) .. . . 25
20* 2 7 * I Baltimore Consolidated....... “ .. . . 2537 8 7 * I Baltimore Oousolldatedf.. . . (Phlla.) . . . . 25
•240 250 Bouton & Albany...... ......... (Boston).... 100I 77 77 Boston Elevated.................. “ ....100
220 . . . . . . I Boston & Lowell...................... " ....100166* 160* Boston & Maine— ................. “110 119* CUtC. Burl. & Quincy............... " .. .. 100137 187 Chle. June. & Un. Stock Yds. “ ....100123 128 Preferred............................. “ ....100113* 113* ChlC. Milwaukee & St. Paul. (PhilaD ... .10020 20 Choctaw Oklahoma & Gulf.. “ 5040* 41* Preferred......................... “ . . . . 5051 51 Consol. Traction of N. J .t... “ ....100
104* 105 Fitchburg, pref...... ............ (Boston).... 10033 40 Ga. Southern & Florida....... (Bolt.) ----- 100
1st preferred...... ................. “ ....1002d preferred........................ “ .,.,100
Lehigh Valley.......................(Phlla.) . . . . 50Mexican Central.................(Boston) . . . . 100Northern Central.................. (Balt.) .. .. 50Northern Pacific.................. (Phiia.) ....100
Preferred............................ “ ....100Old Colony................ ..........(Boston)....100Oregon Short Line.................. “ ....100Pennsylvania......................... (Ph lla .).... 50Philadelphia Traction......... " . . . . 50Reading Company.................. “ .. . . 50
1st preferred........................ “ .. . . 502d preferred............ . ** .. .. 50
Union Pacific....................... (Boston) — 100Preferred...................... “ .. .. 100
Union Traction................. . (P h lla .)..., 50West End Street.................. (Boston) . . . . 50
Jligcel I timeout* S tocks.American Bell Telephone... (Boston).... 100 218American Sugar Refining T.. 11 ....100 17,815
Preferred*,.......................... “ ....100 296Boston & Montana,................. “ .. . . 25 3,109Butte & Boston*...... .............. ** .. . . 25 3,381Calumet & Hecla .................... “ .. .. 25 120Consolidated G as,............... (Balt.) ....100 008Dominion Coal .................... (Boston).... 100 12,690Electric Storage Battery 7 .. (Phiia.). ..,100 8,078
Preferred4!— ..................... “ ....100 5,140Erie Telephone.................. (Boston)... .100 127Illinois Steel.,..,.................... “ ....100Lamson Store Service....... “ .. . . 50 85Lehigh Coal & Navigation... (Phiia.) . . . . 50 240Marsden Company 7............... “ .,..100 2,171New England Telephone......(Boston)... 100 85Oid Dominion Copper 7........... “ 25 18,350Pa. Mrg. Light & Power* ... (Ph lla .).. . . 50 20,505 United Gas Improvement7.. “ .. .. 50 3,284United States Oil...............(B oston ).... 25 1,500Welsbach Light7................... (P h iia .).... 5 3,080West End L an d ....,........ (Boston).... 25 200Westingh. Electric & M fg... “ .. . . 50 1,072
Preferred...,,...................... “ .. .. 50 lftotT r. rects. 7 Ex rights. :i Lowest Is ex divi dend.
Sale# o f the fre e fe .
S h a res
592095
88440220121200352877715302 299 248303 30 440
R a n g e o f Sales i n 1898,
Low est,
3 4 * Oct. 15 21 k Apr. 20 2 1 * Mar. 12
217* Mar. 29 5 2* Mar. 20
215 Apr. 2 160 Mar. 12 8 5 * Mar. 20
102 Mar. 14 105 Mar. 12 8 3 * Apr. 21
9 Feb. 25 2 7 * Jan. 4 37 .Jan. 3 98 Mar. 28 2 7 * May 9 84 May 25 55 May 3 17* Nov. 15 4 * Apr. 0
7 6 * Jan. 14 19 Feb. 24 5 7 * Mar. 26
185?4 Mar. 10 18 Jan. 4 55* Mar. 1277 Mar. 25
7 13-16 Mar251 8 * Mar. 20 9 * Nov. 2
1 6 * Mar. 25 47 Mar. 25 1 2 * Jan. 878 Mar. 25
238 Mar. 107* Mar. 103 Mar. 149* Jan.
18* Mar. 489 Jan. 5 2 * Jan. 14 Mar. 18* Mar. 21 Mar. 5 9 * Mar. 4 4 * Mar. 20 Mar. 35 Nov.5 May
130 Mar.2 1 * Jan.
6 Apr. 9 7 * Feb. 1 0 * Feb. 80 Nov.1 Jan.
2 0 * Apr. 50 Apr.
H igh est,
4 56* Nov. 17 2 7 * Nov 25 8 7 * Nov. 25
268* Kept. 20 7 8* Nov. 15
227 Aug. 27 171* Jan. 7 120* Nov. 17 137 Nov. 21124 Aug. 28 115 Sept. 827 Aug. 84 4 2* Aug. 3658 Aug. 11
106 Aug. 942 Aug. 20 90 Oct. 11 7 3 * Aug. 25 2 6 * Jan. 8 0 * Jan. 12
85 Nov. 22 4 2* Nov. 11 79* Sept. 2
195* Nov. 5 3 0* Aug. 31 0 0* Feb. 7 95 Ang. 29 11* Jan. 0
27 1-16 Feb. 8 14 9-16 Feb. 5 30k Nov. 25 0 9 * Nov. 11
Nov. 22 89 Nov. 25
285 Aug. 15 147 Aug. 26 110* Jan. 6 248 Oct. 8
57 Nov. 10 650 Nov. 18
0 0 * Aug. 18 3 6 * Nov. 18 51$ Nov. 17 62 Nov. 17 7 7 * Sept. 6 7 4 * SepL 6 21 Oct 27 4 3 * Jan. 7 l l * J a u . 11
144 Ang. 17 37* Nov. 9 2 3 * Nov. 9
125 Sepfc. 19 25* Oct. 18 0 2* July 5
2 l-.ti Nor.28 89 Nov. *559 Nov. 25
i n a c t i v e s t o c k s Bid. i.A*k.| S T O C K S B O N D S Bid. Ask.U U U U J A US__ N o v 25. | MISCELL.—Concluded.
1100 10* 10* ln tB u tll& S M “ 10 3100 1 1 9 * ....... Marsden preH (Phil) 100
Bait A O alt pd. ** 100 57 j 50 1 Mer gent-haler.. ( Boat) 100 185 185*a •• k Main* llot 16H .. .. . . Morris Canal...(Phil) 100 50
lOfi Pret............. “ 100 150• * *' ’ '. nn51* 53 Parrott SU&Cop “ 10 30 *
Ma m . . . ( iW I 8 1 10 Pennsyl Salt...(Phil) 50 113P re f............. ’* 54 j 66 1 Peunsyl 8teel7. “ 100 18 20
O ailn i Ohio... i Halt 42*i 43 | Praf T........ . “ 100 38 40Okie A W 16 ! 16G a * 81 of lndal 1 PhU Pullman’s Pal.. “ 100 130 139*Gay k f j t ta r t t . . (Hall i 30 Quincy Mining. " 25 143 144Oos«5 k pe*ew »( Boei ) 1 oo 133 |....... j Reece Buttonb. “ 10 10* 1 1
100 8 in 136 u Santa Ysabel Q “ 5 0 * 7m &’ 4 i M ♦» 100 17 1 18 j Tamarack Min. “ 25 178 180
1 On60 133* Prof............. •* 100
ilsd i^T M 4 7 M 42 Water Power.. “ 100 * i.... ........ 08 j. ,, ,,. Welsbach Cora3(Phil) 100 8 10
S e a l A T ** ....... 1 12 i Prof 1 .......... “ 100 52P»v7......... *' 60 * « * l ap Westm’rel Ci*al “ 50 49
I r F i H M (float )100 10 ( 15 I Wolverine Mm.(Bost) 25 aan 38pre f............. « 100 33 I SO Wollaston L d . ” 5 1
Lmt# N t a r k im»ti i 60 54H.iuz*o CMuUta..; iU**i i loo MS 1-....... Honda—Boat on.UaOseo&l fihl. . i 1*7*111 IO0 174 l 75 Am Bed Tel 4 ».. 1008 I&J 103!&****<4 4 **• II. H 60 6e ( 65*1 A T&$ Fgeng 4s.’95 A&O | #7H 98ft<mq a«& oi»‘| V, ** So 63 .. .. .. Adjustment « 4».. 1993 I 74-H 75» r » ... ( ikM1IlOO (MS I 'li M H A M M i.7 .. ,'J*-«7 MAN
fiwr^***#**** M 1D0 98 s 99 1 1 fusion Term’13 *» . . 1947 109 I I I£orl* Pena... .|f*tui i Oo 96 ,i 08 | Ih s Un Gas 1st 5s.’3H J&J '« 00 | 030 * k W ItrerfrcH ** 51) 2d M 5s....,,.lH8w .J&J » 70 78Patsfo A N W , . *• fi-0 J118Pfe,D A KvUl. . . . . ” oo Non-exetupi 6s.’ 1H j &j ( 107rh ti Q*rm % N . ’* 60 Plain 4s.........1910 J&J 1100
y J.ftg* ** 1O0 I6|*|, t t t i t ! Ch Bnr& N lit3a.’26 A&O ,1107*Ccftad Tteif P. 80 j SO* ; 24 M ft!....... 1018 J&D 100
1 ** 30 43 Ch Bttr&Q 4s. 1982 F&A f 100Wart It:.4 +\| 60 n o * n o * Iowa IMt 4*. 1010 A&O 1 108Watt JKt A » ft.i PhU 64 j,.,.,,- Chicago June 3s.l ui 5J&J ,1i n 112Wart $t T A Pa 30 " I 8 *. Oh & S o M gu 5g.'8l M&N ' 79w a OwitVAi IFni' CbtAW M gnu .*«.'21 J&D
P re f......M 9 j 9 j| Coo.of Vwon't 3s.* 13 J&J 77* 78W 1ft s s b 44 H, *• 100 Cerr’t Riv 1st 5s.’87 A&O 80k .a mot DO HA W 1st i. *40 A&O
Mining ( IWcAt I 63 Domltt Goal leU *. 'l 3M&8 110* 111 !As* Hr m (4,1 .(PhU
”Mj 6 *Kast’n 1st 3! 0s g.’Ofi M&8 j 113* 120* t Kik-tM V fts’SOend 187a cs Le h -> Ia / s* . ** 1 Ql) Umd'p’4 1 st <1 A Ao ■137
Arr,: .4 ** 25 15 j 15* UUB * 1 « 1 r.,i,T 5pL* 10 J fcl J 100A r U W ¥!!>'*. *• 35 s l a j l>aboot 0,-0 3s, 19 } 3 A&OAt* • • j 84* ECC& it lttSsg/25 AAOlJ 70ffe*.:ii~'i Wining., * *5 86 i f « * K c r » •‘4U ) , ( 7».'0BJ*I) i n o ;fW l w ^ * :- V w R * li kCrSkMoonflit'SHMANlS 100 101p&rta f ♦ i H V * K C M * B lit S.,/S4 1 849 «rf4 Hr*»| Pbli 40 j 35 3H
T i f f . . . . . . . . . . ” 100 09 1 97 ({ C * M H r*!! 5^-JO AAO ] 102*]Bortcw. UL'iar D ( P ' --*' id l k CSk Jo&C B 7«.’07 J&J !}120P * L — (a t } . . . 10 n g fr * 9 M&H {
l c V K-. t.’A * l s LlUvrk&r h IstTa’ftSJAJ 105”40* - 40* h n&*H L 1 st «sg.*20 A&O . 30Ck e - - rv. i n>; l Au 84 >1 g, .4030 A&O , '••••• 1fee&iaei - n.-v»* ) S5 * 3 * ' 30 Mar If & Out *35 A AO *MO ' ....... .
Tree* »P>.U 4 N Met CemtnU 3a 1917 A&o i . yW tm m rc i i l /. ~
>loo i i « j i t f194 ]8O0
4« ................ 1011 J&J1 st one Inc Ss g DotHmn 1 65”
12* ? wPrMiilfiLii giTi'r, « is . J i s *
I 84 «v*n 1 ne 3s non-com.. 4*f 101
5
q mairw .. "* 8 '3 i 93 * 103 *#06
S T A S B n sU t 7s. 05 J&Ji!i4
BONDSBoston—Concluded.
O gd& L Ccon6s.’20 A&O Income 6s— ......1920
Rutland 1st 0s..’02 M&N2d 5s............ 1898 F&A
West End St 5s. .’02 M&N4 *s ...............1914 M&SGold Is....... 1910 M&N4g.................1917 F&A
Bond?*— Bn It! more.Atl & Ch 1st 7s. 1907 J&J AtlG-Lightlstosl 917J&D Balt Belt 1st 5s. 1990M&N BaltCPaslst-5s. 1911M&N Balt Fuudg 58.1916 M&N
Exchange 8*s. 1930J &J Balt&Ohio 4sg. 1935 A&O
Pitts&Con5 g,1925F&A 8tat Isl 2d o g. 1920 J&J Receivers certtf 08.J&1) Do Maryland Constr 5s. Do Pltt-sb & Con 5s.J&JDo Main Line 5s-----
B&OSWlfd 4 * g.l 990J&J Balt&PlstOsml 1911 A&O
1st 0s tunnel 1911..J&J Bnl True 1st 5S.1929M&N
Ext & Imp 6a, 1901M&8 No BaltDiv 5a. 1942J&D ConvYttbie 5al90rtM&N
CapeF&Ysr A0g. 1916J&D 1st 6a ser B..1916 tr roe 1st Oa ser C..1910 tr rec
Cent Ohio 4 * » g. *30 M&S Central By 6s... 1913 J&J
Consol 5a.... 1938 M&N Ext. & Imp 5s. 1932M&8
CharlC&A ext5s. 1910.1 &J Chesap Gan 6a. .1900 J&O Clty&Sub let 5s. 1922J&D Col&Grnv 1 Bt5-0.1917.T&.J Consol Gas 0s. .1910 J&D
5n................. 1930 J&DGa & Aial stpf5sl945A&0 GaCar&N 1 »t5s «. 1929J&J Georgia!* 1 ntS-Os 1922J&J GuSo&Fla I«t5s.l945J&,I Lake R El 1 »tgu5s‘ 4 2 M &S Mac&N 1st 4*s. 1990M&S MetStf Wash) 1st 5»*25FA Now Orl Gas 1st 5s...Var NorthCent 4*e.l925A&0
0s 1900..............A&O6s gold 1900 ......... J&J6s 1904.................. J&JSeries A 5» 1920.....J&JSeries B 5s 1920....J&J
Ohln&M lstTSD 1905M&N Pitte&Con 1st 7* 1808J&J Pitt Un Trac 5s.l997 J&J PotomVal 1 st 5s. 1941.J&J SecAvTn(Pitts)5s’34J & D Scab & Roan 5s. 1920 J&J Vlrg Mid 1st. 0s. 1900 M&8
2d series 6s.. 1911 MAS 3d series 6s..1916 M&S 4tb ser 3-4-5*. 1921 MAS 5th series 5a. 1920 M&8
Va (State) 3s new.’32J&J Fund debt2-3*. 1991 J&J
Va& Ten ti 2d 5s. 1900 J &.TH«. . ......... 1000 TSr.1
Bid.
♦100 10115
$105 107$ 99 101$105$108$....$105
120102*102113*121107*118
80
105*
115*104117103 85* 03 03
108
115114*108105*110118 118 110*104 98
123*109
Ask. |
103
107
89046 3 *
110100*
98*125109*
120100113103*105H11311711705 100
107« .......U S X105 1U7X112119 taox118 119102100B5« 8679Jj 79*
102107 108
BONDSB n l titnore—Conclu’d.
West N C con 0s. 1914 J&J West.VaC&P l st0g.’ 11 J&J WilColA Aug 08.1910 J&D Wil & Weld 5s.. 1935 J&J
B on ds— P h ila d e lp h iaAtl City 1st 5s g..’ 19 M&N Catawissa M 7s. 1900 F&A Ches&D Canlst5s.*16J&.I Choc Okla & G prior lien 0s
Geueral 5s.... 1919 J&J Cit’s’St Ry(Ind)con 5s.’33 Colum St Ry 1st con 5s.’32 Colum O Crosst lst5s..’33 Con Trac of NJ 1st 5s..’38 Del & B Bk 1st 7s.'05 F&A Kast&.A 1st M 5s.’20 M&N Edison Elec os stktrct.fs. Elec& Peop’s Tr stk tr ctfs Elm&Wilm 1st 0s.’10 J&J
Income 5s..,.2802 A&O Eq 111 Gas-L 1stg 5s. 1928 Hestonv M & F cou 5s.'24 H & B Top con 5s.*25 A vO Interuat Nav 6s..... 1900 K G Bub B lst0s..’2O J&D K C P & G 1st 5s,J23 A&O Lehigh Nav 4 *s . .*14 Q-.I
RR 4s g .,......1914 <X-FConsol 7a......1911 J&DGen M 4 *s g . . 1924 Q-K
Luh V CM 1st 5s g.’83 J&.1 Lch Val ext, 4s.. 1948 J&D
2d 7s............1910 M&8Consol 0s,.... 1928 J &DAnnuity 0a............J&D
Newark Phsb con 5s. 1980 NY Ph&Norlst0s.’23 J&J No Penn 1st 4s..*30 M&N
Gen M 7a,...... 1903 J&JPenn gen 6s r.,.1910 Var
Consol 6b c ... . 1905 VarConsol 5s r . ... 1919 VarCollatTr 4 *s g.*13 J&D
Pa & N Y Can 7s..*O0 J&D Cons 5s..,...1039 A&O Cons 4s......1939 A&O
Penn Steel lstSs.’l? M&N People’s T r tr certs 4s.’48 Perkfom l8tser5s.’18 Q-J Phlla Elec gold trust ctfs Ph&Er gen M 5g.*20 A&O
Gen M 4s g-.1920 A&O Ph & Read 2d 5s.*33 A&O
Consol M 7s..1911 J&D Con M 0a g ...1911 J&D Ext Imp M4s g.*47 A&O Con M of ’82 4s.*37 J&J 10-yr s f 5s g.1902 F&A Termiual5sg,1941 Q -P
P Wi 1 & Balt 4s. 1917 A&O Col lat trust 4s.l921J&J
Pitts C&StL 7s. 1900 F&A Read Co gen 4s, 1997 J&J Rochester Rycon 5s. 1930 8chRESidelst5s g’35J&D Scran Trac l st 6s ’32 M&N Union TermT lat 5s. F&A United N J 4s.. 1944 M&S U nTracPltts genSB* 9 7 J &J
S And accrued interest. •Pr1c» lnnnv1o« nfof'ltift
Bid.
115*111*117110
10810753
107103 87
51051105109119107*109*95*
12410910794114*104 107
i l l *100*10 L 91*
112* 129115
112U 5 *129110122
95105*102101118107125131123*101iifl"107 108* 107*88*
100110
114108 TUnilon. mo
Ask.
10487«
109M
05^
108"
108*75
H * «
»2
131M
u s «
lot90
10010SXioig1 2 4 HL O W
U » H
N ovember 26, 1898,] 1’H E CH R O NICLE , 1101A B S I K A C 1 F R O M R E P O R T S O F T H E N A T I O A L R A N R S M A D E T O T H E C O M P T R O L L E R J U L Y 14 , 1 8 98 .
1898.
f Maine........N . Hampshire.
£t Vermont...JJ Boston............5 Mass., other .. ® Rhode Island. £ Connecticut... I Total Div.No. 1f New York City I Brooklyn...
9 A lbany___N. York, other
2 New Jersey... B Philadelphia..• P ittsburg......
m Penna., other. I Total Div.No.2f. Delaw are ..1 Baltimore
9 Maryland, oth.Washington
2 Dist. C<n., oth.£ Virginia___I West Virginia. L Total Div.No.bf North Carolina
South Carolina Savannah.. Georgia, oth...
. F lorida.........11 A labam a___
Mississippi___£ New Orleans.. 3 Louisiana, oth■ Houston........2 Texas, other..
Arkansas . . . . Louisville . . . . Kentucky, oth.Tennessee......
I Total Div.No.4
i Cincinnati..C leveland..
□ Ohio, other ... ^ Indiana....
8 Chicago____Illinois, other.
• Detroit...........
5Michig'n.otherMilwaukee___
£ Wisconsin,oth. I Total Div.No.5
Des Moines... Iowa, other... St. Paul & Minn Minnesota, oth
■ St. Louis........i St.Jo.&Kan.C. •i Missouri, oth'r3 Kansas..........fe Omaba&Linc. i Nebraska, oth.
North Dakota, j South Dakota. [ Total Div.No.6( N evada ..........• 8an Francisco. 2 California,oth.J Oregon...........£ Washington... I Total Div.No.7f A m . & N.Mex. • Colorado..^..• Idaho ............• M ontana.......£ Oklah'a A I.T .
S* U tah ..............Wyoming......
A laska...........1. Total Div.No.8
Total for TT S
8251 4952
2115780
582456
265 1033730
35684**
18224811
13533
1682716
2271526107125
C a p ita l.
11.071.0005.830.0006.885.000
48.150.000 42.427.500 19.337,050 21,281,070
154.981,62048,70<-,000
1.352.0001.550.000
31,292,94014.445.00019.655.00012.300.000 40.674,39069.969,330
S u rp lu s .
2,712,4351,418,7741,507,206
14,741,32514.344,8164,808.9177.938,450
48.071,92343.011.0002.300.0001.390.000
10,865,3358,294.250
14.395.0009.812.000
21,664.191111,761,776
2,083,98513,243,2603.781,7002.775.000
252,0004.546.3003.351.000
30,033.245
983,4015,195,8751,699.7631,217,200
150,0002,927,550;
8-8,272i
Deposits.
In d iv id u a l.
16,314,8499,639,4939,468,933
126,916,60182,040,18319,824,74139,072.218
303,277,023
Other.
L oa n s <£ d is counts. (In e V g
ov erd ra fts .)
189,611238,163124.233509,692255,571
98.695326.000
1,742,015393,980,654
18.170,6598,481,744
93,597,7445^,681,554
109,344,53545,500,748
128,407*829856,165,467
31,923.823199,570100.000559.984393,611
1.280.134499,372500,005
35,461,9845,489,015
27,328.97711,621,55914,323.146
876.05415,982.4458,493.193
13,072,061 84,114.389701.000 ,898.000750.000 ,166.000 ,150.000 ,205.000855.000300.000860.000 ,150,000
191> 18.040,0001 ,070,000 ,800.000 ,264.900 ,4 35.000
76
6849
4681313
22711217
202676
573
7444
I6i1159
67
50101
11922426
552
828.135!763,346225.000
1.086.6195o5,160658.414402,050
2,355,00381,200577,300
4,654,794266,500648.000
2,232,557 1,831,839
12 8 8
56,644,900 1 ’,415.9141 125,135.225
5.568.527 4,052,235
511,557 6,8 8.432 4,745.526 7.090.110 2,557,962
15.336,848 2.3 0,7fi9 2,826,351
33,609,574 2.481,789 5,125,855
13,270.679 18,826,991
50.547615.53550,000
204,429
731,482100.036
1,752,029
C old a n d g o ld O. H .
certificates.$
22,163,80611,668,77411,937.604
161,281,398105,312,666
34,053,31045,211,197
391.626,755452,090,12
12,018,9598,666,326
92,672,47452,432,5*093.747,38750,187.958
117,012.940878,828,723
5,557,25335,328,77710.965,9489,793,463
644,51*15,339,7828,760,393
6 6,390.134
207.60831.231]86,64997,976
174.939100,000
,700,000 .400,0001 ,940,100 ,217,000 ,450.000 ,546.000 300.000| ,595,000250.000710.000
2,715.0002,161,50018,133,9294.594.67719,374,9006,527,213
605,0002,532,319
588,5001.762.881
108,10.» 39,000.919800,000
12.135.0008.300.000 4,6*0,000;8.400.0002.650.0003.615.000 8.442.100,4.550.0005.725.0001.500.000 1,5*5, “00
221.500 2.755.8571.169.000 1.023.5501.723.000
678.500 741,445
1.475.496379.500
1.077.872237,900291,250
22.078.18525,393.6.369,599.53241.627,38480,565,b2454,523.99210,224.43631,054,35021,514.96125,964.494
352,94551,026
720,124813,768332,140
2,968,4031,865,802
106,547643,925
1,249,101604,356984,910302,1*1
90,131350,914191,328
382,5 1,581 6,418,175
62,392,100 11,774.870i4
30293397
82.0006 ,000.0004.825.0002.520.0003.888.000
17,315,0001 4,308,518
1,5oO 2,250.000 l,0 f 3,029
479,243 524,746
11371021
1201111
122
l,000,u004.707.000
600,0002.555.000
50,0001,050,4501.750.000
860.000
173,0501,048.171
247,200378,500
12,57 2,4oO
194.214378,300109.800
2,529,235
1,84^,77329.399.99418,974,39517,241,913,22,268.58314.766.051
8,392.63121,243,14710,319,36713,683.3074,543.1764,059,663
50,029242.155504,714
17,560572,932110,623
358,663481,765
147,910166,130.000 2,486,351
326,46514,380.38613,154.2839,251.658
13.202.35650,315,1484,082,106
30,512,7342,484.9289.527.076
24,5572,314,8113.746.077 2,369,038
55,061,327
171,313149,907399,917159,002880,139185,463673,75749,77391,675
159,650
1,160,318
6,625,6o4 5,807,531
- 1,321,340 8.771,904 3,307.780 6.484.053 2,529.697
11,088.190 2.663.439 2,49- ,757
39,469,288 2,285,453 7.121,009
16,845,568 20.151,085
1,007,164 512,474 516,912
12.017,937 3,469,280
74 L,029 2,048,171
20,312,967137952681
810,810535.677
4,006,5441,S7»,714
10,600,0163,571,6676.083,624
165469733154,732
1,716,556402,677557,324168,671778,575453,630
4,232.165
136,967,7n823.395,30,281,70.320,35,422,
107,378,51,482,14.959,28.938,16.909,22.131,
843156918109355753
325,654133,454
9,000341.404103,327382,106
68.1971,016,392
54,880363,216
2.535,431109,546701,877804,838
1.185,4158,134,737
1,183,681 1,625.407 3,794,564 4.285,776
16.848,226 3,016,145
663 1.359,652 160, 1.606.014 369 2,141.934 ,7051 1.44^,268
401,270,336 37,31 !,*>«»?
ISO,4 20.996263.376
13,920,21011,296.0656,037.1867,388.009
38,904,*4*2,868,410
19,650.2141,225.9638,173.100
13,9132,258,9672,943,0642,136.727
39,270,388
11,6 30.45920.635
6,216.0652,105,6831,470,2131.997,828
il.8LO.474354,998
4,251,113289,748756.210
17,58073,632
571,116197,438
6,511,8353.582 622.016.7*5 247,935.216 2.023.357,1 6 • 52.8*9,417 2.1K3.881 2««4«D*37 1 9.457.34»'14.297,7 40 3645*014 1352999-.7
C oldT reasury
certificates.
31,5002,080
23.9701,562.980
194.520101,7403?3,9oO
2,255,6907,07 i,83
178,000 330,920 510,760 244,030 155,950 422,870 399, K80
9,313,24015,700
355,82025,090
568,02042,000
8,77041,820
1.057,2201,000
3,000920
39,820120
107,130
135.94066,5905,3005,000
22.03089,990
476,840304,120253.170136,150174.341
3,097,050287.79b
20,00029,810
S ilve r. S ilv e rT rea su ry
certificates
116,887105,15386,917
223.763615.2 9129.002 272,283
1,549,234*48,9 <2 101,728 33,975
721,844 379,858 588,904 321,084
1.034,4393,830,754
59,607158,61791,19839,82910,423
201,66893,538
654,910143,516114,09030,700
194,031142.588201,513
99,226143,66797,79150,307
868,83766.50270,19e
124,253272,380
2,- 21,603
2s,1304,330,610
4,830 112.750
19,*00 14,070
213,440 60,660 4,680
26,510 37,150
2,300 1,260 2,500
87,378 143,393 6 1,178 473,658 437,294 510,623 153,717 227,657 108,522 I80,^5i»
2,973,77u
Leg.tend* r 8 <£U. S .c f 't s
deposit.$
126.278 136,448
62,809 1,800.066
893,349 194,670 634,212
3,847,8326,734.511
816,98134,417
675,6251,132,7213,991,0531,156.9721,680,554162*2834
126,678 1.078,932
172,73 1,084,465
6 2, *08 338,277 12*,369
2,988,65978,31677,32829,965
151,55645,3*091,51317,319
989,88235,07676,015
478,33340,332
80,596502,641
2,694,212552198,390398
3,578422,149!178, 151179,
,777493362,990,556,480743720,861,482
6,201,46428
317,23614838,
102,119,257,263,110 ,
3837,
529.650 1,699
,968,098,859965959 1232819207681592461094f 35
345,00018,710
22017.340
381,2707,380
93.8003,7401,000
2506,650
112,820
4,354103,666182.734
90,365129,653510,772
56,548167,67513,53183,6L1
1,63868,16040,81321,786
453,762
16,272322,193277,544115,783780,795120,71885,463
177,427135,48368,5589,577
16,01-4,125,so l
12,27321,38320,28677,939
131.8814,0«»0
120,12117,16332,009
1027,64940,686
3,663
$374.554265,551244,102
5,116,2372,705,296
682,273995,354
10,383,36742.202,956
1,309,236 43 l ,278
3.194,344 2,466,417 7,643,268 2,745,952 3,918,319
63,911,770151,376
1,600,223413,977837,18026,106
955,595414,081
4,398,538208,932276,45975,000
400,014467,476286,993131,920
1,639,443115,703615,516
1,856,08997,024
736,794451,061
1,652,2219.040.6452,498,*96 1,700.750 3,727,390 2.004,040
16,827,568 1,808,733
798.730 888.532
1,699,199 716,814
32,670,752226,804
1,063,716998,768378.530
4,858.6721,234,179
340,383776,862
1,100,515389,110*129,118138,522
11,635,185
245,301
144,072l,8.-?3,444
75,078467.832
1,755125,87333.05753,241
2,784,342
Totals fobRESERVE
Cities, Ac. i
-*l
*5
£3eI
s?1
S % • »
3 *
c>1m
2
|
I
c
4
1
lge1
1*
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1i3
J1
11B3
§16
11
1013
j2Q
83 .
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s is i
■*!c v>
f
o . u
r03
•5i f
3 | °
‘ £
5 °PH
J i '
£Resource*. MU'* MU'* MU'S MU'* MUl't. MU's MU'* Mil's M i Mil's M i Mil's MU's MU's Mill's. Mil's Mil's Mi. MU'* Mil's MU's MU's Mil's MU'ns. MU'ns. MU'ns.
Loanj ........ 101 452* 12-0 8*7 9 3 7 30 2 33*3 93 1*3 11*1 2*5 7*1 *3 4 30 3 107*4 13-0 16 9 3 4 205 331 21*3 1*0 13*9 1.144 1,020 2,164Bds forcirc. 7 17 *6 •8 6*9 5*7 2*7 1*0 *1 *0 •2 1*3 3-0 1*0 1*3 1*4 *9 •3 *0 2*3 *4 *7 *7 39 159 218Oth.C.8. Ms 2* 32 *2 *1 1*3 *d *5 •4 *1 '8 2*8 •2 •9 *4 *4 •1 *5 *0 *4 *5 •9 46 21 67Stkfl. bda. Ac. 9 57 2-6 IT 13*2 4-5 2*4 10 2*3 1 o 4-8 *9 92 T IT •3 2-2 2 0 1*7 *8 10 122 129 *31Duefr .bands 38‘ 3-3 3*4 308 S-7 8'8 3 « •1 3*9 10 3-5 11*6 92 29 1 3*1 7*8 10 9*5 S*5 7*9 6*3 2*7 236 268 524Real estate . 3* 16 *7 •4 4*6 4-2 2*6 1*0 T *8 ■3 •2 *7 *7 15 *4 *2 *2 1*0 1-2 *6 14 *5 42 67 109G.coin A ctfs 14 145 1*0 •9 10'8 4*0 2*1 IT IT •5 *7 15 1*9 19*9 1*4 2*1 •2 2*6 2*6 IT 1*3 6*0 222 «3 285Sll.colnActfe !i 7 ’ *9 T 4*0 1*5 1*2 IT T IT *1 *1 *0 *3 4*0 *3 •3 *5 1*8 1*2 T T 29 22 51L.tend note* 3 33* 1*3 *4 2*6 2*7 *7 *7 T 1*4 *0 *7 1*9 1*7 14 7 *8 1*7 •2 10 2 9 1*2 1*1 76 39 113U.8.ctfa.dep. 9 5*1 *9 *1 •2 *0 2*1 1*9 *0 20Nat.bk notes 1 1* *1 •1 *4 •3 *2 •1 *1 *1 3 *2 15 •3 •1 •2 •3 T •2 7 14 * iCl’r’gll.exch 8* 37 •8 T 10*2 2*1 1*5 •2 *5 *1 •3 *3 5*1 *2 *3 *1 *0 i i *8 •7 4 90 4 94Oth. res’ces. 2 10- *3 2*8 1*4 *9 •4 *3 T •4 1*0 *4 10 *5 •3 *2 *3 •0 •3 *3 *3 21 34 39
Totals.....LiabUllie*.
266 874- 23*8 17*0 189 1 86*1 597 20 4 1*9 23 4 5*4 16 c 53*1 47*7 197*7 24 2 324 60 39 4 616 36*9 25*7 27*7 2,138 1.840 3,978
Capital........ 48 49 1*3 1*6 19*7 12*3 13*2 2*8 *7 2*3 IT 2 ’8 7*7 9 4 19 4 33 3*2 •8 8-3 8-1 2*0 4*5 60 229 393 622Barplas fond 15 43 23 1*4 14*4 98 5*2 1*2 *2 2*4 •0 *0 2*7 2*2 94 •0 •0 •2 1*2 17 •7 •4 23 11a 130 248UndL profits 6 18- *4 *2 2*7 2*0 1*0 *3 *4 T •2 1*0 *0 » 2*0 *3 •2 T 1*0 *8 *3 *1 2 38 47 S3Circulation.. 0 13 *0 *8 6 1 3-1 24 '8 *1 •5 T 1*2 4*2 1*3 *6 1 1 *8 •3 *4 2*0 4 *0 *1 50 140 190Duetodep'rs 127 426 18*4 80 1 10*0 46*0 27 9 14*5 *0 15*3 2*8 5*8 23*9 25*6 81T 10 5 21*9 1*9 19 6 * * ’B 14-9 10*8 14*0 1.051 1.025 2,076l>ue to banks 63 3111 *8 30 33*5 10*7 9*3 8 •2 2*5 •0 3*3 14*6 7 8 83'2 8-4 3*7 2*7 8*9 *3 7 17 5 9*2 4-4 631 89 720Other iiab s. » 1*
* « *1 *S *7 T *1 *1 IT *9 T T ’I *5 *1 T 21 16 37Totals.. 266 874- ■•43'8 17*0 1 89*1 86T 59*7 204 1*9 23 4 5 4 16 0 33 1 47 7 197*7 24 2 32T 6 0 39 4 « l ‘-6 36 9 25*7 27*7 2.138 1.840 3 978
CHRONICLE. u r v n ,
« If. llai&M fcil*m Vefeb-o** ,,,, •J ifewnwa..I M .*** ., of Jw»• #&«•£* la l*a4
Cl*Sto«ast4e®1.,t Twlai DtV-K| K t v ¥ o ? I O Q1 B?v«.4U> &_.... .. g a : i*us* .. 3 9 Y o r f c , o I ^ m
2 Jfcw J * r * * f ,g F M .*4 * ij4 lU ,* PUtobcr*
* f « A I U I . . o « ) » f
I T o t * ) [ : i l v , H , J l
f 0 »U t t « lT '|1 ** ,,3 U *criA iu% . <4h 2 W*»tilniftoa . S D w . Ctot. ath.*• .......i" f * » i Ytrstsi*. , Twfmi Div Xo 3
r S o rt * Caroline
4 A*Vanbah
2 . . . « Mew Or*e*3J»- 3 l^OQUlaQA. ot&.
!• Ilotiatoa .« ,... Tm « , other.. lrU & M «
.. ..Kaolncty. olh
Totml Wf.Xo.4f tS a m a *® ,... 4 Clerelajsd .Z Ohio, other 3 Indiana.2 c3h Jo*jfo.. .. .C nUaou. other.• I M m i ...... .a Hlrhljr'a.otl;• M.ll*r*aJce*..(He* Moose*,.
Io ir», other.. a i_F *u lA H las
£ 81, L*mu......• »L-Jo,4 Kan.C 2 M U m x iii *-■•*’ • Kail#** „9 O m m t i A LLae. . J fe I 'r » lu ,« iU i. 1 North1 S&.xjUj Dakota f Total D tfJa .f K*nr*d*... .. ..• ftan K r*c r l/nv*2 CalUoraijuoth..f O m ro t ..........? Weahlnjct-on..t Touw Ort-No.'
f A n*. A XJIe it OoteradD,.• I4 ah o . . . . . .• Montana ,$ Oki*h*» 4e I . T.• X?lah .....
j wrooHimt - ? 41a*ka. .J 4 total IHtJ o.S
fn» n P
13 li.400.000 2,101.500 26^417,894 61,881 30,787,120226 27,765,100 C.09&(67fc 71.540.375 996,907 70,900.791112 14.167,000 4,595,005! 42,514,103 2,093,501 34,759,89517 1U.450.00C* 9,374,900 84.000,063 ‘ 07,526 106,100,900
201 17.i6G,000 0,628,901 55,128,819 1,099,102 51,741,4451 b 3.300.000 605,006 11,249.458 424,959 14.713,960
r 76 8.595.000 2,041,052 31.840,453 248,072 28,831,670J 4 2.950.000 570,506 19,689,748 442,328 16,704,719. 73 6,710.000 1.702.681 26,710,518 461,453 22,241,118
741 117.533. loO 39,163,978 391,651,521 8,813,445 400,490,3504 800,000 221,500 1,093,404 100,000 3,240,79
164 12.350.tXI0 2.755.031 30.524.557 363,495 32,803,114l l y.300.000 1,109,000 19,845,573 583,777 20,031,08159 4,590.000 1.014,750 10,943,882 41,147 14,709,583
6 8.400.000 1.728,000 22.184,709 993,220 34,744,5042.650,000 713,500 15.224.085 292,596 20,815,284
19 3,515.000 744,045 8,388.058 8,158,049101 8.417.10O 1.439.335 22,105,216 348,083 22,122,089n 4.550.000 357,500 10,820,000 606,978 11,929,584
1 91 5,675.000 1,070,260 14,289,757 13,553,85924 1,500,000 227.900 5,035,095 4,662,r 67
1 26. 1,585,000; 290,452 4,215,779 148,832 3,552.780| 553; 63,332.100 j 11,731,278 171 98,715 3.470,12 r 190,1-3.5241 ll 0 1,500 345,083 240,456
41 0,000,(K>0 2,250.000 15,586,0:2 161,56 V 13.561,75130i 4,825.000 1,033,029 13,071.397 157,522 11,533,04929 3.52U.OO0 47 9,243 9,524.116 399,934 8,248.03832 3.836.000! 520,114 13.821.023 182,59i 7,816.05590 . 7,2< 5,oO0( V ia 3, on; 52,34 S,271 901,61'- 39,406,949l l 1,000.000 175,050 4,103,041 184,521 2,913,109
' 37 ■ •i.707.000 998.472 32,;' 10,362 800,583 20,121,59210 •Kio.ooo; 247,800 2,712,692 49,449 1,250,831ill 2,S‘>.'..0(io 379,60« 10,780.961 192,226 7,001,673201 1,005.000 194.215 2,377.281 2,576,29011 1,750,000 378,300 3,890.560 173,25 b 2,977,720111 060.000 110,300 2,748,591 2,180,959
1 50.000| 49,308 36.850~I$2j i 2*0i 7,006 7.1 03,U 7 58,933.04' 1,400.017 39.059,024 .*■ A 621.51 f>95 247.5*5.1 <H32,0M 1 .« 54,Mu 75,t«f*,V4rl 2 172,5
l .268,2/9 1.634,215 3,758.005 4,498,307
17,403,485 2,968,973 1,405,587 1,586,007 2,041,508 1,427, *85
37,991,051 4,379,960
307,3 0 255,470 141,630 171,270
3,139,97o 284,790
20,000 31,120
28,410
117,835 1,606,560 2,647,360
910,533 2,648,647 1,040,224
399,065 1,224,709 1,123,278
646,006 ) 81,425 2112,350
5,870107,45019,00013,860
250,15035,9604,680
26,56038,350
1,3001,2602,670
12,867.992 507,110IS.Ulr
6,970.625 l,t 96,389 1.214,600 1,768,140
345,00019,950
2027,740
11,667,; 63 392,710329,542
4.162,531 203.782 796,022
93,020 653,770 182. v On
16,215
7,47081,550
1,4401,0001,5006,650
0,437,087 9 9,6 tO
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209.226 194,382 66,000
500,882 455,037 393,943161.7 60
1,346,76791,826
1,286,218 2,16.',330
103,872537.008 527,213 968,468
9,016,952
2,722,283 1,470,002 3,560,026 2.081,688
16,5 ;>9,615 1,686.484
6U9.711 741,982 731,835 6-i 4,437
2,546,621 5,322.911 30,858,263
196,616 1,040,214 1,166,174
324,627 3,637.876 i, i 56,o83
290.612 689,591 727,557 361.504 193,348 L59.957
£4,.i36133,733501,112395,40.2388,366458,584146.970158,294109,021170,603
14,98 L 290,257 209,851 107,212 55,420;
151,841 109.780 209,284 286,625 111,529 33,400 31,9m
1,612,131
3,285 91.583
142,340 56,8*' 5
103,978398,05137,177
160,44712,64066,12664,63533,08617,7571,450
393,36-12,523, . *2
12,070 318,-46 242.704
96,193 9.>3,5o2 508,619 77,12a
160,121 295,998
82, la 2 11,796 18,019
2,756,889
26,14519,56936,91673,690
156,320lOjduO
1^1,36023,08837,-9034,39143,357
1,589345
2/2,520306-9HOO
9,943,6591,1/57,374
79,77638,542
253,307390,174124,609
1,560,497 71,515
405.314 102,726
18,659 42,393 3,09 >
2,389,398126848^00
a i
M m 20 0
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1 o2 fs &b 122 01*02 *1*4
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23*2'41*0
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Mil’tts. MU'ns. MU'-M.1,143 1,029 2.172
01 101 1its74 40 111
123 132 25524 9 270 52542 0> 1 to
1S9 62 25125 18 4374 30 1 1017 - 170 8 4 20
100 4 11021 30 51
2,130 1.SJ8 4,003
228 393 021117 131 24840 53 93H i 1 42 194
1.051 1,056 2,11)7010 82 09M20 10 4 2
2.1*0 1 8 73 4 007
November 26, 1898,j T H E C H R O N IC LE . L i 03
InvestmentANDHailroad Intelligence.
RAILROAD EARNINGS.The following table shows the gross earnings of every
8TEAM railroad from whioh regular weekly or monthly returns Ban 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 o f the street railways are brought together separately on a subsequent page.
H o a d s .L a tes t Gross E a rn in g s .
W eek orM o 1898.
$ I $A d iron dack ......[Septemb'r. 20,371 17,640 165,061[ 152,880‘ a. Gt. South.. 2dwk Nov. 37,668 40,327 1,499,772) 1,371,225
a. M idland.. Septerao’r. 95,015 65,959: 645,565 505,388_ a . N . O. Tex. A Pao. Jnno.N O r l.& N . E [O ctober... 115,811 107.379 1,156,909 1,025,V09A la . A V iok sb .)O ctober... 50,908 43,891[ 532,727 *4s,379Vicks. S b .& P .O o to b e r . . . 71,6231 44,309 55->,16Si 417.565
Allegheny V a l. . O ctober... 241,119 262,494 2,211,473) 2,088,931A n n A rb o r .........i3dw kN ov. 27,785i 28,1841 1,289,508) 1,142,472A rk . M id lan d ... ISeptemb’r. 10,215 11.176) 79,261 71,607Atoll.T . AB.Fe « Septemb’r. 3,425,582 3.423,213 27,985,025 25,313,025
1897.
J a n . 1 to L a tes t Date-
1898. 1897.
A tlan ta & Char Septemb’r. A tl. K nox.A No . 1 O ctober...A tlan ta & W . P A ugust___A tl.C ’ Btl.in eS .C ia u g u st___Atlan. & l la n v .. 2dwk Nov. Austin A N ’west. Septemb’r. Balt. A Ohio___ (October
486,584) 469,022
145.338 143,4911 1,261.821 1,213.08332,2031 3 ,050 263,297: 235,37647,706 44,096: 365,626 348,656
123,539 115,002,11,711 14,26618 982 17 806'
2,395)952 2,384)215 23,368,660121.504.056 121,236 6,177,310' 5,558.658
3,337 14,486 15,6872,010 20,914 18,306
49,2641 456.720 418,987----------- 3,422.418 3.068.656
468.937 416,7713,933,273 3,699.083
148,3662,717!2,562'
56,618!84,463183,538
101,431556,0-0
8.741139.8*3
75,156'67.963j
100 ,866 ,632,00' 22,062,633 20.445,341
7,200141.170
Bal. A 0 .8 o u ’w. 2dwk Xov.Bath A H am ’nde A u g u st !Blr. A Atlantic. O ctober...B runsw ’k A West Septemb’r.Bnff.ftoch.APitt 3dwk N ov Buffalo A Susq.. Septemb’r.Bar.C . R ap .A X. 2dwk Xov.CanadianPaciffe 2dwk Nov.Car. M idland..,.(October ..Gent.of Georgia 2 iw k N o v Central o f N. J.. Septemb’r. 1.155,850 1,209,044 Central Pacific. Septemb’r. 1,485,754 1.453,385 Charlest’nASav Septem b’r.' 44,457; 40.392-Chas’n A W .Car.’August . . . 54,833 55,687*Chattan’ga So.. 2dwk Xov. 1,421 1,601Ches. A O h io ,. .. 2dw k Nov. 220,276 241,201 10,293,055 ______ _____CJhlc. Bur A Q .d Septemb’r. 3,929.55314,414,242 30.922,096 28.253 161 Ohio. A E ast.IU . 2dwk Nov 91,873 93,796 3,710.484 3,487,080Chic. Gt. W est’n 2dwk Nov. 112,473 109,469 4,833,580 4,434,273Chic. Ind. A L . 2dwk Nov. 6*2,529 67,444 2,902,235 2,794,58 <Ohio.Mil. A St.P 3dwk Nov., 839,401' 770,02* 31.591,410 28,416,516
54.089 4,713,989 9,084,380
49.091 4,526,202 9,249,784
517,8*6 465,391
Roads.
69.952 64,439 9,734,512
iTnteroo. (M ex.) Io w a C en tra l... Iron R a ilw ay ... Jack. T. A KK an aw ’a& M icn K.C.F. Scott A M K.O.Mem .A Bir. Kan. C. N . W .... Kan. City AOm .K. C. Pitts. & G Kan.C.Sub.Belt. KeokukAWest.eL . E rie A West.. Lehigh A H u d .. Lehigh Val. R R Leh. v. Coal Co L e x ’gtonA E ast. Long IslandRR Long Is. System Los Ang. Term .. Louis.E v.ASt.L Lou. H. A S t. L .. Louisv.ANashv. Macon A Birin.M an lstique.......tMexican Cent.. M exican IntePl. IMex. National Mex. Northern . 1 Mexican R ’wav Mexioan So. Miuneap.ASt.L.M . St,P.AS.8t.M . Mo. Kan. A Tex Mo. Pao. & Iro n M
Central B r ’ohTota l............
Mobile A B irm .. Mobile A Ohio.. M ent.AM ex.G ’f Nash.(Jh.A8t.L. NevadaCentral.N . Y. C .& H .R , N. Y . O n t & W . . N. Y. Susq. A W. Norfolk & West. North ’nA la .Ry . Northes’n (G a .). Northe’s’n(8.C.) North’n Central. North’n Pacific.Ohio R iver........OhioRlv.AChas. Ohio Southern.. O reg.R R .A Nav. Oreg. 8h. Line.. Pao. Coast Co..
La test Gross E a rn in g s .
W eekorMo\ 1898. 1897.
Wk Nov. 5 2dwk Xov.O ctober...October ..3dw k Nov.2dwk Nov.2dwk Nov.October 2dw k Nov.3dwk Nov.3dwk Nov.• stwkXov.3d w kNov.O ctober...Septemb’r.Septem b’r.Septemb’r.O ctober...O ctober...O ctober...3dwk Nov.2dwk Nov.2dwk Nov.O ctober...October.2dwk Nov.Septem b’r.3d wk ov.Septem b’r.Wk Xov. 5 Istw kN ov.3dwk Nov.2dwk Xov.3dwk Nov.3d w kNov.3dw k Nov.3d w k N ov .2dw k N ov O ctober...O ctober...O ctober...A ugust___O to b e r...3dw k Nov.Septem b’r 2d wk Nov.Ithwk Oct.A u gust___JuneSeptem b’r.2dwk Nov.
dwk Nov A u g u st .. ..O c to ber...2dwk N’ov.Septemb’r.
____Septem b’r.Paoiho M ail.......Septem b’r ., ___________ .Pennsylvania^.., Septem b’r. 5,790,13915,859,639 Peo naD eo .A E v .3 dw k Nov.! 18,067, 17,030Petersburg .......Septem b’r.! 46,778 40,510Phila. A E r ie . .. Septem b’r .| 484,248 515,155Phila. A R ead ... Septemb’r. 1.990,601 2.024,275
50,200 43,798
4,339 26,471 11,641 91.033 34,396 28,985 4,797
75.358 11,288 12,349 67,989 38,750
1,979,512 1,632,051
2 .264369.900 386,126
6,820 33,370 10,483
491,095 7,481 4,214
273,031 271,381 119,914
58,837 69,100 10,255 51,441
114 616297.199564.000
23.000537.00
10,819419.200 109,587 540,763
2,0754,252,100
82,916201,256242.901
7,216 4,715
43,803632,919683,474
20,12114,17073.519
175,250654.699406,420330,945
$47,04039.481
3,73422,606 10.477 99.855 26,2*3 33,058
5,237 77,810 *,264
12,075 64,737 37,653
1.742,675 1,716,110
17,002 362,427 380,796
6,745 32,920 11,577
448,230 8,511 5,866
238.490 242.139 110,63962.48166,000
9,207 52.049
100,356 34 9.194 578,00t
25,006 603,00
9,460 383,886 116,201 526.352
3,245 4,208,249
83,969 200,390 234,344
4,880 4,723
36,202 676,256 595,745
19,542 12,744 91,499
157,66 i 534,590 422.436 270,47 7
J a n . 1 to L a te s t D a le ,
1898.
2,674,100 1,727,7771
41,1431 293.563 50L,V5*
4,155,004 1,231.513
278,577 213,273
2,913.044 468,043 489,349
3,074,626 314,026
13 885,793 10,971,288
176,918 3,892.349 4,230/88
76,923 1,383,822
429,636 19,600,257
4 ,779 89.958
11,526.268 2,486,856 5,447,147
448,165 3,477,400
652,1-4 1,949.294 3,703,365
10.378.901 23,423,114
1,171,354 24,594,468
1897.
3,538,4441,181,2294,830,124
Chio.St.P.M.AO. septem b’r. 1,061,640Chlo.Ter.Tr. R R 2d wk Nov. Ohio. A W. M ich. 2dwk Nov. Choc.O k.AG ulf. U h wk Oct. Oin.G .APorts’thSeDtem b’r. i Otn.N.O. A T . P . O ctober... Oln. Ports. A Vir. 4thwk net Clev. Ak . A Col. 3dwk Nov. Olev.Can. A S o .. ,2dwk Nov. GLCtn.Oh.A8t.Lj 2d wk Nov.
Peo. A East’n October___C l.Lor.A W h ee l. ;2dwk Nov. OoL M idland— O ctober... Col. H . V. A T o l . O ctober.. Col. Sand’y A H. 2dwk Nov.Colusa A Lake .. Crystal. Carab’l’d Valley Denv. A Rio G r Dee M. N . A W .. Det.G .Rap. A W D el. A L im a No. D at.A Mackinac Duluth 8.8. A A t) Elgin Joi.AEast.B rie ....................Eureka Springs. Bvana.A Ind ’plie Evans v. A T. H Find. Ft. W .AW . Fitchburg..........
October Septemb’r. Septemb’r. 3dwk Nov. O ctober... 2dwk Nov. 3dwk Sept Septemb’r.] Is tw k N o v .1 O ctober... Septemb'r. Septemb’r. 2dwk Nov. 2dw k Nov.August___Septemb’r.
25,412 37,471* 41,125
8,316! 408,3321
9,900 18,819, 14,756!
271.9591 173,831]
29.04* | 157.810 260,373!
17,434 1,600 1,198
85,764 203,300'
46,757 28,623
8,917 41,679 34,505
148,915
991,98322,71235.35335,78-
6,824319,392
8,85817,30417,809
6,3-0,111 1,O le ,696 1,712,052 1,255,280
5,845.517927,730
1,426,648909,414
2,954,928; 3,189,(>70
3,863,478 2,983,087 234,932 222,6987*7,736 ■ 696,085614,552 565,779
279,110! 12,637.565 11,872,253 164,130] 1.5*0,313 1,435.455
33,081 1,302,179 162,878 1,347,682 325,659 2,188,805
27,186' 729,0292,500 14,659l,44l| 10,8*3
94.933! 624,304185,900: 7,646,253 43,i89- 440,80326,838' 1,310,194
8,762) 308,75329,939 414,21731,5241 1,564,571,
112,865
F lin t A P. M arq 2d w k N ov Fla. Cent. A Pen. 2dwk Nov. F t.W ’thADen.C. Istw kNov. Ft.W . A Rio O r. 2dwk Nov. Gads. A Att. U . O cto ber...Georgia R R .......2dwk Nov.G eorgia A A la .. 2dw k Nov. G a.CarUa A No. A ugust... G eo . So. A F la .. O ctober... Gr. cUp. A In d .. 2dwk Nov.
01n .R .AFt.W . 2dwk Nov. Craverse City. 2dwk Nov. M ub. G. R. A I 2dwk Nov.
Tot alllines. 2dwk Nov. G r.T r ’nkSyst’m 2dwk Nov.
C h lo .A G r .T r . IstwkNov. Det.Gr.H .AM . IstwkNov.
Great-North’n—St. P. M. A M . O ctober... East of M inn. O ctober... M ontana Cent Jctober...
Tot. system October . fP lfB ’m ntAK.C O ctober... G u lf A Chicago. October .. H oos.Tun .AW lL jO ctober... H ons.ATex.Cen Septemb’r.Illinois Central! Ind. Deo. A West. Ind .ru . A Iow a. Io .AO t.North ’n
OctoberJ u ly ..........Septem b’r. 3dwk Nov.
6,437 6,551
26,590i 9,894 {
688,6441 59.874 53,395 37,712 17,505
625 38.158 28,268 70,9 01 83,462 44,694
8,337 883
2,151 56,065
521,683 74,133 20,323
2,4*6,464 4*4,770 195,014
3,106,248 19,53
8,850 5,722
503.364 12378150
89,401 71.844
117.535
5,1377.539
22.4287,638
703,52455,12440.59252,55415,020
70042,17925,53567,88981,06243,139
8,755812
2,290
1,262,210
1,100,059 1,435,927 1,977,358
639,885 18,955 9,862
601,518 6,586.381
353,746 1,124,921
180,829 366.671
1,366,639 963,677
24,002,929] 24,118,46442.746
267.871] 1,056,425]
48,833264,226978,895
5.328.752 5,278,821 2 62 ,972 2,395.679 2,681,160 1,965,370 1,178.644 1,037,430
448,603 319,3 45.973 7.077
1,355,944 1,366,089 1,074,079 92 ',908
539,761 553,715803,754* 713.452
1,870,422! 1,715.815 387,333 353,36735,929 34.173
111,466 103,34654 996| 2,411,150 2.200,699
509,674120,* 10,549 20,231,510 59.7101 3,089,410 2,*00,829 19,543 804,979] 843,435
2,234,190115/’05,739 13,305,92 3 282,531 2,028,473 1,526,162 202,580 1,657,762 1,691,720
2,719,307 19,191,974 16,523,805 12,8l0i 152,414 104,0245,8271 43,540 36,2055,642 45,482 46,725
423,881 .................................♦243*390 >22417353 ♦19647042
43,569 255,805 255.52001,369 639,150 559,744
102.128' 3.319.685 3,136.965
Coal A Ir. Co.'Septem b’r. i;932,054 2,4211811 1 Septemb’r. 3,92 3,255 4,440,0862Tot. both Co’s .!:
Phil. R. A N . E.PhiL W ilm . dc B, Pitte.O.C.<fcSLL.P itts .Lisb.A Wn P itts.Bes.AL.E .Pitts. A Wes’u ..
Pitts. Cl. A To 1.Pitts. Pa. A F .Total system
Pittsb.Yo. A A . . Rich.Fr’KSbA P.Rich.A Petersb.Rio Grande Jet.R ioGrande So’n R io G r’de West. 8 t.Jos.A G r. L . .8t. L.Chi.A8t.P . St.L.Keu’etA 8o O ctober... 8t,L .ASanFran . 2dwk Nov. 8t.L. South west.! 2 d wk Nov.
37,407,640 3,384.196 1,639,256 9,808,823
167,826 41,482
312,129 4,736.9*3
21,608,380 847,538 128,040 557,*09
6,256,783 4,859,647 4,012.250 3,403,908
48,038,806 787,332 489,015
3,198.471 15,688,882 14,475,106 30,163.988
527,993
$2,275,440 1,477,-42
31,507 248,556 465,363
4,153,901 982,282 286,013 2*7,182
2,080,604 346,503 494.199
3,033.694 308.573
13,503,543 11,130,981
155,711 3,579,681 3,924 847
79,268 1,295,267
438,988 17,929,. 70
51,759 103.385
10,942,321 2,259,748 5,290.610
441,310 3,166,000
587,001 1,921.970 3,332,564
10,387,266 21,696,218
997,925 22,694.143
October .j 62,5921 69.039,8eptem b’r.| 8o7,690l 774,290 7,368,7'78 O cto ber... 1,595,726 1,429,081113,280 <96O cto ber.. 3dwk Nov.' 2dwk Nov.! 2dw k Nov. I 2dwk Nov.] 2dwk Nov.] O cto ber...' Septem b’r. Septem b’r. Septem b’r. j 2dwk Nov.! 3dwk Nov.j 2aw k Nov.j October.
O cto ber..Septemb’r.!O ctober...!Istw kN ov.]Septem b’r.!4th w k Oot.Septemb'r.J u ly ..........J u n e ........
St. Pau l A D u l..San. Ant. A A . P S an F ran .A N .P .S. F ePres. A P h .S av .F la .A West. Sher.Shrev.A8o.Sil. Sprs. O. A G.Sioux C. A Nor. So.H avenAEast So. Pacilic C o .-
G a l.H ar.A 8.A Louis’a. West. M orgau’sLAT.N .Y .T . A Mex.Tex. A N . O rl..A tL P rop ’tes.G So. Pao. of Cal. So.Pac.ofAnz. So.Pao.ofN.M .Paoiiio system
Total of all./Southern R y .g ..StonyCl. AC .M t.Texas C en tra l..Texas A Pacific.Tex. 8 .V .A N . W Toi.AO h loCent Tol. P . A W est..Tol.St. L .A K .C .Union Pao. RR.. Q n .P .D en .A G ..Wabash.............Waco A North w.W. Jersey A8ea ’e W .V.Cen.A Pitts WestVa.A Pitts.Western of A la West. N .Y .A P a .Wheel. A L. Erie WiL CoL A Aug. v >sf'onslnCent.3dwk Nov.
8eptemb’r. Septem b’r. Septemb’r. Septem b’r. Septemb’r. Septemb’r. Septem b’r. Septem b’r. Septem b’r. Septemb’r. Septem b’r. 2dwk Nov. Septemb’r. 2dwk Nov. 3dwk Nov. O ctober... 3dw k Nov. 2dwk Nov. 3dwk Nov. Septem b’r. 2d w k Oct. 2dwK Nov.J u u e ........Septem b’r. O cto ber...A ugust___A ugust . 2d wk Nov. 3dwk Nov. June
4,132 24,420! 36,226 21,008,
7,621 04,855
104,229 61,515 28.239 38,283 10,665 70,400 24,440 32,802
9,372 161,974 146,400 191,947 303,698
94/55 15,079
347,950 18,242 28,854 20,786 3,100
500.383 108,035 481,90"
38.048 156,1 ^4
1,330,472 1,245,275
220,086 112.759
3.395,700 5,229,536
541,687 4,423
17,396 226 036
10,596 39,901 18,409 48,0.* 4
1.722.618 88,586
284,599 9,221
275,808 90,4° 2 35.318 47,067 63,700 30,468 43,*55
100,8371
5,400;17.57333.573 21,596 10,241 65,410
159,327| .‘*3,203 26,827| 4 <.997
8,520, 64,100] 23,251 30,352
8,782 113,000! 137,600, 210,480 232,430
87,6 "16 13,501]
286 908! 16.653 18.984 18,928
2.535
37,823 1,190,853 1,562,805
936,827 330,328
2,848,232 1.254,319
042,613 29 -,473 281.120 407,096
2,923,783 1,078,229
280,578 58,166
5,999,607 4,656,631 1,349,081
396,100 59,671
410,000 43,719
100,914 1,048,938 1,380.0 J3
231,726 108.208
3 446,1514 918,97t>
480,1094,0*4
15.520239,414
39.->47 23,731 48,354
1,766,70 89.186
254 549 12,136
255.849 94.204 36,510 44,64074.60033.600 39,522 95.262
732,010700,093
3,166,231278,280210,189132,918
12,454
3,955,803934,743
4,625,212241,756
1,267,693
3,215,9231.139,9704,534,099
37,555,828 3,519,254 1,603,369 9,441,401
143,641 36,915
289,489 4,885,441
17, *67,641 843,787 112.050 574,204
4,755,125 4,301,351 2,902,596 3,220,773
46.788,506801.750 432,235
3,220.83015,228,10915,091,31730,919,426
538,6736,790,678
12,196.41537,475
544,7381.493,938
778,180317.24'*
2,609,4921,213,375
533,655256.751 254,202 322,564
2,586,901988,678243,542
51.9475,620,3784,113,8531,304,803
2,291,9101,164,042
41,851 ’,319 19.61*,243
33.698 318,219
6,730.427 46 924
1,631,514 853,452
1,9*5.031 12,463.838 2,909,970
11,911,858 18-751
2,147,000 964,311 248.285 397,128
2,670,011 1,309,178
344,384 4,417,866
678,340 594,208
2,514,848 248,060 148.846 119.799
. 10,788
3,315,477706,967
3,717,609248,168
1,113,461
1,875,597998,316
36,709,58217,542,153
31.003265,523
6 346,578
1,479,247809,144
2,013,31311.530.826
2,654,61510,582,010
97,5182,061.791
943.029255,364387.432
2.093.2691,013,322
310,9324.034,897
1 01 T H E C H R O N IC LE . [Vol. LXV11,*#*-**•■* . i to Latest DaUu
&XM.P4LWmM+r Mo iw a , ) 1897. 1898. | 1897
w n f| «r « 1kHSi&tiFB
M ptem bT*M S I *5 602
$R JM7,U©I
«61,87258,63*
*61,143
1 50,853A T ^ '*o l(*4Md tlDM. t> lOOUUlftii NiniingS
D m to rrU a . n •: ti r M w n srate ly . c Im H Im Dm Jtolno* * (£*&«■•* t^tr for a p » n - v l » 4 la ttu de . cpenstJocis of the Ohio, Bur- _: ' <»tB ftokrm. e Include* resu lt, oa A . T* A 3. y . r.Mtf Q , - Fe 1‘s H " s nitt AtiuaUe At PnoWlot *a d So.C*L Kt f tis.-' s t e . v .e I ■ fL- .y .im u , tbc Atlantic properties anti I - tj • . i ’ - ’ 11 / H-a-ttmiB^ Juljf. ■ ir :ttLamip C-tUtr',.u.a a.u 1 U t M ! e . < . i r x t f l r ' t .0 Alhen branches are Included fvr bath . . a*- s> . : t. ota ttn 1-ebsnnn Northern lira’ lueludodfarm ■ s r . ' t r ’ iv fM ’ r l ln 'f t ’ • trs. i/. fredle suspended on account of
1 “ r t f \ P t . . . .• or. !<*r.**» CUy A Independence Air l.luo *ro not moulded
f o r r . c r r :>#**. .I lry-.;--*<v, ra «M p M k « * O h l* Uu 'wm iern for tooth years. but Ohio
»».*. i 'r.tojuta a id tot h n u U f f M l f . Result* on Vfutoo Brunch etriu le i *15** July t. 1WA
! 5 iu a > eartwaoyi O a n r * result* et uaes d irectly operated « » > ' o f P ittsburg
L*t«Mi firm's E t n ia f i by Week*.—The latest weekly earning- ta the foregoing are separately summed np as follows :
Tor the third week Jot November our preliminary statement oarers '36 roods, and show* 3’8fl per cent increase in thea fgregate over the same week last year.
S3 9fie4.it o f V orm A fr. 1808. 1897. hxerta st. in crea se.
Affeor.......................t
*7,785f
28,181$ 8
399fi daiPL- . A f 84,463 75.156 9,307< . ' 83 i,4 I 770.028 69,373Cfc-VAr JdkWW A U tc ro f % B3o OnkOf-tf..
18.811*203-3(K»
17,301 185,0 ‘0
1.51517.40
! 117,53 s 102,129 15,407 . . . . . . . .K snawr.* A M lc li.lg *s..„ 11,641 10.477 1,164 . . . . __s.Aa. c iv r e u u b . a Utiir 75.35* 77.810
3.0243,252
2,452csiy 8at» i i »u Kri* 'fe W m uxrn. .
11.288 67 989
3.20184,737
I/ M iir L 33^70270.793
32.9 20 45 j........ 264,306 12.4 n . . . . . . . .
Mf'XirjUi K itiO B ll . . . . . .A 81.
119,914 51,44 t
110,631*52,049
9,275603
M o % r - i M ____M o- i^adlie A Iron Mt .
297,109 564,oo
349,19157^.000
51,995 14,0l>0
tV a :r»u B reach .. . . . . . . 23 OOO 25.00 ________ 2,000« Y OtJ’iArta A 82,1>10 8 1.903 1,033PiMorlA A Kra.n*r. 18.067 17.030 1,05" . . . . __r i « * b . A L. K rle . 21,420 17,573 6,847 __ _____H « W rm iora . . . 7 0.400 Oi.tOi 6.300 . . . . . .T*Xjm A t'*Mr!6o . . . ------ 226.036 23*. 114 13,378T J.ndo A OW o Oentrmt 39.901 39.017 854 .. ..
INl T*. A IC**l-OltT 4 *,03* 4 .3M 320W -iitsw r A E r t « .. 36,468 33.000 2,Sfi8Wld-eoctwir* O atfaU . ..*•. 10J837 95,202 5,5 7r> ...
Tutal i26 ... 3 470,375 3,390.505 103.075 86,205Vei leieree** i l ‘3-6 a. a.).. „ .. ............ 7 9 .470 ..........
For the second week of November our final stutementcaversSO r >v!« and shows 2 ? t per cent increase in the aggregate arer the nme week last year.
2 ! t o f S oocm ber, 1898. 1897. Incrc.ttst. Decrease.
t * « ct r o t io tu L ir r«p ‘»l t35 r**!* 4.539.942 4,607.879, 110.78 208,723
*.as* *J t. **ooui»fa... 37,66 - 40,32 | T--- ------ 2.05311.711
148,3 4b1 4,205 2,551
\ j* r)8*»a?tot}Uiwa*v 124.230 24.13 <B a ri. CW- a Jiaft-ft. 101 431 10*1.860 505
139,8831.4*1
141,170l.oOl
1,287180CBut44aeo<>>r» 6oo5lwsre» -.. ...
CJ%1ea.ro A &u»t. Illlcnii 01,673 93.790 ...» ... 1.923(TB:kL|atUaa3l* A tiAiiir. « 2,9211 07.411 4,915fTfefi*. Tpfrn. Traui*.f*»r ... 25,413 i 2,70 jC?\J A W ft«5 Wichtsrn 37.471 35.353 2,11*CleriL DflkOl«a A 14,758 17.009 2,853
271,959 279, n o *20.83 -
7,Vol|H8 (14 ilfiijj. A Wwlnra 28,023 1,785FltSl A IV?* Mari|',iol> 5U.S74 55,124 4.75 i
53395 40.592 12.H03f i. W iftb A Rio (ifaadift. 17,Au5 15.** /0 2.48.*»
4.,17>* 4,021A 4.-%De-TJU.A r...* 28,20 •« 252i35 2.733
Or*n i A In JUn* 44,691 43,ls0 1,555On fUeiu- A FX W o fu r S.337
88*3.19,
8.7&i812
2.200
418
139Ortka-t Traak____ _____ /
Cair Trttak !- r*wt. 0 4 H- A X ......1
521,6*3 509.674 12,009 __lr t _
Raft. City r i . l l , A M om 91.033 09.85* __ _ 8.822E%« . <1 .vfotdi, A B ir m .... 34.39^ 20,283 8,113K %n*.aj» f * U j A Oaukh* 4,797 9.797 4t0LouaMr K r«n it A 81-1,. 83.3U3 33.591
11.577188
tsr><*r. ftmmtL A Ht, h . 10.483 1,094Lo'g i * r Blip’ A . . 401.009 448/230 42.809IK«xf«*a 273.031 238,490 34,541
a t r a B t* x 114.010 100,358 14,260MfAUs A. Rirf&iRefrain .. IO.J10 9,100 4,3x50f* ->rf X A ...... 242.991 23 4.-(4 4 8,557
PiiHJSi' — .. 0^M 74 505-745 01,729 ....i 24* S ;i.542 578
175,25“ 2 57.06 J 17,581ntEaD-grre a .... 01.-4A& ©5,410 *iri-r - rr 555R4a Of atvcfp H-oc*tD«fk>, . . . 10*54,5 9,520 2.145■A A Frar.-.... 10,974 143.000 18.974
\tort n Ka- \ ot%f.. 541,*54 • 4HC*.t0f» 61,578J A * Cj.-*Tu tr%! ............. 17,390 15.526 1,870
T*aC*4u» "’••Jf'S* A Wwt'i) t * . i 9 23,731 •---r -s-t 5,322W «ft. Jf, t . A PeOMjriT, 83,700 74.60 • - — 10,900
Total ?!© Toa4*> 9,857,097 9,107^92 513,640 281,144JI*i laeira.swi’f 2^74 I* 249.490
s»t Karaiair* M o n th ly to I.atent Hate*,—The table following: >n the grow ami net earning- of S t e a m railrca I
reported this week. A full detailed statement, including all roads from which monthly returns can oa obtained, is given • once a m jnth in these columns, and the latest statement of ibis kind will be found in the Chronicle of November 19, 1898. The next will appear in the issue of Dec. 24, 1898.
- am is Earnings -Road*
Adirondack a ........SophJan. 1 to Sept. 30....
AlabamaG LSSoutb. a . Oct..Jau. I to Oct, 31......July l to Oot. 31......
Allegheny Valley-b..Oet,Jan. 1 to Oct. 31____
Annap. Wash. & Balt.—July i to Sept. 30___Jan. I to Sept. 30 ...
Ann Arbor............. Sept,Jan, l to Sept, 30....
AtlautleA Danv’e.n.Aug. Jau. 1 to A uk. 31....July 1 to A uk. 31___
Columbus Oaa Oo___Oot..'an. 1 to Oot. 31......July 1 to Oot- 31-----
Commonwealth Eloo. Oo.(Chtoago) .............. Oot.
Apr. 1 to Oot. 31____Edison El. U.C!o.,N.Y..Oot.
Jan. 1 to Oot, 31......Georgia, a . . . . . . . .. .. Oot,
Jan. 1 to Oot. 31......July 1 to Oot. 31____
Hoosao Tun, & \Vil,.Sept.Jau. 1 to Sept. 30,...
Madison Gas & Eloo..Oot.Jan. 1 to Oct. 31......Apr. 1 to Oot. 31......
Mexican Northern..Sept. Jan. 1 to Sept. 30.... July 1 to Sept. 30—
Newb. Dutohess dtConn.-July 1 to Sept. 30___Jan. 1 to Sept. 30___
New London Northern— July 1 to Sept. 30....Jan. 1 to Sent. 30----
Ogdensb. A L. Champlaii July 1 to Sept. 3o— . Jan. 1 to Sept. 30....
Phila. Read. A N. (2..Oot. Jan. 1 to Oot. 31 .,...
1898.$
1897.-R e t E a rn in g s .-
1898. 1897.$
Pitta. Chanters & Y 'h ’y— July 1 to Sept. 30 — Jan. 1 to Sept. 3 0 . . . .
Ban Fr. A N . P ao .a ..O o t.
20,37116.5,031
17.640152,830
9,64761,783
5,43046,237
154,4391,426,456
589,883
142,9471,297,133
550,636
51,754393,170193,241
52,021351,731187,087
211,119 2,2 L I,4 73
262,4942,083,931
114,846929,614
135,096877.503
20,78218,461
19,21644,389
8,18816,192
4,38011,089
121,0651,038,754
110,497945,313
ilef. 3 4,988 233,401
25,006307,681
44.172367,353
86,798
40.978344,648
85,403
9,3 20 9 2.770 17,834 12,310 91,052 50,956
8 ,4 4 985,92520,60012,30698,03053,120
9,93160,919
100,8081,009,186
253,8982,424,661
214,5811,958,335
91,399857,254
177,72 t 1,276.431
543,156
182,60 1 1,283,139
555,97.8
*74,694294,230
*158,851
■74.099318,076
*160,5095,280
39,7605,192
41,0831,915
13,8744,609
36.679
1,83219,5045,081
41,23626,77440,521
254,61782,440
23| 383 31,125
244,905 91,244
58,837448,165170,335
62,484441,310134,096
33,85591,364
34,71992,923
10,31623,613
7,12211,657
206,620589,141
207,243566,663
70,909147,872
58,214122,694
201,217509,104
201,041 527,5 L3
56,060100,615
60,722159,300
02,592527,9932/j3,361
69,039538,673250,814
25,433155,813
78,216
26,882197,431100,953
50,055138,631
16,503100,494
24,48063,898
60535,366
94,755732,016363,084
87,656678.340343,711
45,895273,294168,056
44,953 248,471 164,38 9
2,259,282 2,069,870 18,575,944 16,611,178 8,428,401 7,370,266
827,2405,734,5092,750,095
760,4094,871,9022,324,913
367.2201,014,493
302,957838,237
142,042326,277
106,932232,333-
455,0971,256,501
396,4311,099,419
171,314354,849
97,755174,713
203,138512,162
189,898465,398
67,397118,864
62,114111,292
22,37555,812
21,63553,587
3,877def.937
1,789 def. 1,353
110,156 33 L,852
119.758288,638
20,20423,607
22,8579,735
32,65187,271
19,64956,163
16,77935,619
8,55319,827
38,694205.9.13
35,435176,305
19,87751,966
19,65429,704
8,531 4,276
July 1 to Oot. 31 ----- -Torre H aute & In d ’po lls -
July 1 to Sept. 3 0 . . . .Jan. I to 8ept. 30___
St. L. V an A Terre H .—July l to Sept 3 0 -----Jau. 1 to SeDt. 3 0 . ...
Terre H au te A Logan ,—July 1 to Sept, 3 0 ....Jan. 1 to Sept. 30 —
Indiana A) Lake Mloh.—July 1 io Sept. 30-----Jan. l to Sept- 3 0 . . . .
Terre H aute A Peoria—July 1 to Sept. 80 . . .Jau. 1 to Sept, 3 0 . . . .
East 8t. L. A Carond’t -Ju ly 1 to Sept. 30 -----Jan. 1 to Sept. 3 0 ....
T txas C en tra l.a ....S ep t.Jan. 1 to Sept. 30 —
Va.E lec .iNorlTk .Va.) Oot.
a Net earnings here given are a fter deducting taxes.b Net, earnings here given are before deducting taxes.- A fter allow ing fo r other income received, total net for O otober,
1898, w as $75,640. against $75,815, and from July 1 to October 31, 1898. was $189,343, against $191,833.
Interest Charges anti Surplus.—The following roads, is ildit.ion to their gross and net earnings given in the foregoing, also report charges for interest, &c., with the surplus or deficit above or below those oharges
In i...R e n ta ls , Ac,. — , — But. o f f i t l B a rn ’g t.-
R nuts.Omnmonpealth E lectric
t -M o n g o )................Oet.Apr. I to Oet. 3 1 ....
Ban F r a n . * No, Pao._Oet. July 1 to Oet. 31.......
((•. JMSf<1898. $
1897. 1898.
8,960 ............ 97156,794 ............ 4,12518,908 19,004 26.98775,632 76,016 92.424
CHICAGO INDIANAPOLIS A LOUISVILLE.1898
J u ly l In Sept. 30— $Gross earnings . . . . . . . . -------------------------- -------------- 927,500Expenses and taxes...................................................597,727
Nel earnings . . . ................................ ..............329.773Fixed charges. Interest, ale............... ...... ...........240,452
Surplus 89,321
1897.18
25,94988,373
1897.$
921.942625,274
296.668239,282
57,386
N ovem ber , 1898.) T H E CH R O NICLE , 1105c.
SOUTHERN
Oct.,’98.*
Gross earnings.................. 3,049,318O perating expenses..........1,204.712
N et earnings................1,844,606Operating charges, taxes
rentals and improveua’ts 241,127
N et operating income.1,603,479 Miscellaneous income, not
including land sales...... 11,907
Total net incom e........ 1,615,386
p a c if ic .
Oct ,’97.J u ly 1 to
Ocf.31,’98.J u ly 1 to O ct.31*97
$ $ *2,784,755 9.951,372 8,964,5161,116,793 4,252,750 4,136,966
1,667,962 5,698,622 4,827,550
85,168 943,12^ 427,164
1,582,794 4,755,498 4,400,386
30,076 37,767 40,854
1,612,870 4,793,263 4,441,210
STREET RAILWAYS AND TRACTION COMPANIES.The following table shows the gross earnings tor the latest
period ot' all s t r e e t railways from which we are able to obtain w eek ly or monthly returns. The arrangement of the table is the same as that for the steam roads—that i£, the tirst two columns of figures give the gross earnings for the latest week or month, and the last two columns the earnings for the calendar year from January 1 to and including such latest week or month.
S T R E E T R A IL W A Y S A N D T R A C T IO N C O M P A N IE S .
------ arose E a r n in g ’ .------>1898. 1897.
Roads. $ $ Detroit Cit’8’ St. Rv. Oot. 106,515 95,001
Jan. 1 to O ot.31....... 936 976 912.259
-------R e t E a rn in g s .-------1898. 1897.
$ $ 51,795 44,856
485.310 441,452Detroit Electric R y .. Oot.
Jan. 1 to Oct. 31.......34,800
326,71631,723
326,53411,531
106.52910,563
103,400D ry Dock E . B. & B at.—
July 1 to Sept. 3 0 .... Jan. 1 to Sept. 3 0 ....
163,369485,476
177,657507.847
48.781133,735
61,468133.409
Ft.W .& B .I.R y (Det.)Oot. Jan. 1 to Oot. 31.......
16,261152,253
16,106144,331
6,70161,430
6,62154,921
H arrisburg Traot’n ..0oc . Jan. 1 to Oot. 3 1 . . . . . July 1 to Oct. 31.......
36,507253,011134,238
18,930189.527
87,283
23,453141,215
82,074
8,10281.27439.274
M etr. W . SldeEL.Cnio.. Oot. 119,8511,006,4491,210,686
99,5191,098,013
79,523 60.166393,516480,922
41.5184L3.956
36,719
N ew Orleans Tract..Oot. Jan. 1 to Oot. 31.......
83,8891,040,285
22.101318,512
Norfo lk Street R y .—Jan. 1 to Oct. 31 ....... 118,273 124,030 77,024 59,976-
The follow ing is a statement of the gross and net earnings of the Nashville St. R ailw ay for the month of October aud the six months of the tisoal year from M ay i to October 31. Figures fo r 1897 w ere extraordinarily large on account of Nashville Exposition, which lasted from M iy 1 to Novem ber 30,1897, aud thsrofore comparison is made with 1896.
G ro ssEARNING8.
Latest Gross E a rn in g s . J a n . 1 to La test Dais
Akron BedfM A Clev. O ctober...A lban y R a ilw ay ........September.Amsterdam 8t. R y .. . Septem b’r.A tlan ta R a ilw ay .......Septemb’r.Baltim ore Con. Ry,*... O ctober... Bay Cities C o nso l.... O ctober... Binghamton 8t. R y ... O c to ber... Bridgeport Traction. O ctober... Brookton Con. 8t. Ry. Septem b’r. Brooklyn E levated .. A u gust .... BFk ly n Rap. Tr. Co.— |
Brooklyn Heights ) b w n h A r B ’k lynQ ’ns A8ub. \ O ctober...
Charleston City Ry. O ctober... [ Cin. A Miami V a l.. October. Cltiz na’(MunoielncL) Septem b’r I City Elec. (Rome.Ga.) O ctober... Cleveland E lectrlo ... Septemb’r. : Cleve. Painsv. A E . O ctober.. Columbus 8t. Ry. (O.) O ctober.. Consol. Tract. (P itts.) Septem b’r. Dan v. Gas E l. L ight A
Street R y . . . ............J u n e ..........Dayton & W est Trac. J u ly ..........D enyerC on .T ram w . O ctober... Detroit Clti’ns’ 8t.Ry 3w ks Nov.Detroit Elec. R y ........October. .JDuluth St. R y ....... . . . ■Erie Elec. M otor.......Ft. W ayne A Belle
Island (D etro it). . . .H arrisburg Traction Herkim er Mohawk II
October.October...
October...O ctober...
Interstate Consol, oil North A ttleboro ... October.
Kingston City R y— October.Lehigh Traction........ October.London 8t. Ry.(Oan.) ISeptemb’r.; Low ell Law . A H a v .. Septem b’r. M etrop.lKansas City) 13d w k Oct.! Metro. W .8ide (Ohio..;October... Montreal 8frest R y .. O ctober...Muscatine St. R y....... I ____Nassau Elec. (B ’felym O ctober...N ew bu rg 8t. R y ........ [O ctober...N ew London 8t. Ry October___New O rleansTraotiot October..Norfo lk 8t. R y ........... O ctober...North Chic. St. R y . October. North Shore Tractior Septemb’r. Ogdensburg St. R y ... (O ctober.. Paterson Ry Septemb’r .:
O ctober... | O ctober...: Septerab’r.
1898. 1897. 1898. 1897.
* * $ *10.521 10,060 82,509 87.45256,555 53,956 473,85 436,223
4,563 4.307 40,319 36,5848.346 8,568 75,048 67,652
202,969 195.205 1,983,500 1,952,3057.057 6,590 71,292 67,311
12.596 11,872 135,076 125,39529,677 27,226 299,979 268,05032.030 34,39 i 259,718 256,421
144,940 122,180 1,086,708 1,104,981
509,629 443,92 5,017,29s 4,452,67815,129 14.27: 145,59512,951 9,2 '.75,470 5,493 52,41- 46,5311,755 2,124 19,657 19,590
146,031 140,510 1,264,887 1,204,2209,977 8,301 89,381 73,077
60,61 50.131 568.98. 505,251189,354 163,373 ............ ............
8,138 8,206 53,00s 50,8316.364 t . T , ____
74.528 73.874 625.658 601,33570,04) 63,035 1,057,017 975.29434.*00 31,723 320,711 326,58416.289 15,785 170,600 159,00111,076 10,66) 120,899 117,502
16,261 16,106 152,258 144,33136,507 13,930 253,011 189,527
3,561 3,050 33.852 32,79718,814 16,433 140,60 140,006
12,914 10,9575,148 4,446 59.402 45,5878,31b 9.057 80.207 91,465
15,441 14,04 i44,527 45,071 355,42s 340,10737,12- 36,993 1,655,442 1,495,773
119,851 79,528 1,006,4 49133,620 116,293 1,253,124 1,136,893
5,883 4,712 47,162 44,283180,041 151,221 1,854,905 1,624,454
7.007 6.37t 73,837 71,3513,628 3,443 49,530 47.012
99,519 93,889 1,098,013 1,040,28515,240 12,882 148,273 12 4,030
257,837 252,085 2,438,695 2,342,308150,388 144,173 1,153,764 1,114,017
1.895 1,658 17,096 18,45735,554 32,133 281,503 257,72713,573 12,11 o 124,007 112,9959,527 6,673 94,526 74,9146,45 6 6,038 48,978 45,305
, 3.052 3,526 29,5345,604 6.123 51,503
33,261 32,407 314,284 296,20836,68380,77499,650
37,46V73,0086.404
335,934 317,319
186,860 169,3 2 . 1.783.305 1,650.70419,9 i 3 20,114 149.029 166,701
152,832 124,245 1,289,481' 164,485 158,930 1,328,172 1.296,090
16,32c 14,841 173,10 7 167,0184,699 4,93, 48,435 47,143
23,835 77,70b
| 17,924
22,40^73,52715,661
230,627 211,899
137,986 122,7711 46.15 43,499 325,429 315,604
Richmond Ti action.R oxb ’b C h .H .A N o r ’i Schuylkill Val. Trac Scranton A CarbondV O ctober... \Scranton A Pittston October.Scranton R ailw ay ... . 1 O ctober... j Syracuse Ran Tr. Ry Sepiemb'r.Toledo Traction........ O ctober...Toronto K y ................ O ctober...Tw in City Rap. Tran O ctober...Union (S . Bedford )., j Septemb’r.United 'Tract. (Pitts.) October.United Tract. (P ro w , iSepteinb’r.Unit. Trac. (Reading) iO ctober...Wakefield A Stone— O ctober.W aterbary Traction. O ctober... [West Chicago 8t. Ry W k N o v .i Wheeling R a ilw ay .. Septem b1 W likesb.A Wy.VaJJej A ugust..
• Includes Baltim ore Traction *nO Oity A Snhnrban for both v «a rs t Increase in receipts in Septem ber due to encam pm ent of 2d Arm y
Corps at Meadville, Pa:
Street Railway Net Earnings.—The following table gives the returns of St r e e t railway gross and oetearninga received this week. In reporting these net earnings for the street r a i l ways, we adopt the same plan as that for the steam ro ad s— that is, we print each week all the returns received that week, but once a month (on the third or the fourth S a tu rd * y ) we bring together all the roads furnishing returns, and the latest statement of this kind will be found in the C h r o n ic l e of November 19, 1898, The next will appear in the issue oi December 24, 1898.
*— Gross E a rn in g s .— 1898. 1897.
Roads. V $
Denver Con.Tram w,.Oot. 74,528 73,874Jan. 1 to Oot. 31...... 625,658 601,335
,----- E et E a rn in g s .-----1898. 1897.
$ # 30,328 29,821
237,680 239,954
NASHVILLE STREET RAILW AY.
----------- October.-----------n -— M a y 1 to Oct. 31.— *1898. 1896. Ic9 8 . 1896.
$ $ $ $Gross earn ings................. 32,961 30.111 187,754 180,928Operating expenses........ 14,872 15,755 88,385 92,211
Net earnings.............. 18,089 14,356 99,369 88,717Proportionate interest............................................. 57,559 57,559
“ t a x e s ................................................ 18,000 9,880
S u rp lu s ................................................................ 23,810 21,278
Interest Charges and Surplus.—The following St r e e t railways, in addition to their gross and net earnings given in the foregoing, also report charges for interest, &o., with the surplus or deficit above or below those charges.
------ ln t . , r e nta ls, etc.------ .1898 1897.
r -B a l. o f N e t E a r n ’8.-n 1898. 1897.
Roads. * # * 8Denver Con.Tram w . Oct. 19,436 18,134 10,892 11,687
Jan. 1 to Oct. 3 1 . . . . N orfo lk St. R R .—
189,834 184,201 47,846 55,753
Jan. 1 to Oot. 31___ 48,784 46,083 28,240 13,893
ANNUAL REPORTS.'lnutial 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 Investors’ and Street R a il w a y Supplements.
This index does not include reports in to-day’s Chronicle.R a i l r o a d a n d M i s c e l . C o ’ s
Volum e 67— Page.Alabama A Vicksburg Ry............. 9 50American Cot 11 »n O il.... I 033 . 1061American Soda Fountain..........1 053American Tobacco • 6 months)... 1 0 0 1American Type Founders............ 93 "ZAnaconda Cooper..... ........ 033Balt. A Ohio RR............ 105*2. 1 057Buffalo A Susquehanna............. 053Cbic. Burlington A Quincy. . M 3 M 3 1 Chic. Term. Transfer..S30, S 0 7 .003 Ctncin, N. O. A Texas Pac...948 , 050Cleve. Lor. A W heel..................... SOSDetroit A Mackinac.................... 1000Elgin Jol. Sc East— .................... 047Evans. A Terre Haute.................. SOSGeorgia Southern A Florida........ 0 4SIud. Dec. & Western......................S30Ind. 111. Sc Iowa.............................040Kansas City Pitts, a G ulf.900. 1 004Manhattan Ry .... 000
do buLsheet Seuf.30,’08.1 «i33Mergenthaler Linotype..............1000Michigan Penin. C a r . ..................!).ViNew England.......... .................... S97New Orleans Sc S . E ......................050New York N. H. A Hartford....... 040N. V. Susqu. & West..................... S07Norfolk A Southern......................050
R a i l r o a d A M i s . G o ’ s — (O o n .)V o lu m e 6 — Pays.
Ogdensburg & Lake C ham plain...0 5 1Pacitlc Coast,. ................................... 0 4 9Phil. Read. A N. E ............................ 0 5 1Pittsburg Sc W estern....................1 0 5 ‘2Portland A Rumf. Falls ............... 0 5 1Pullman 8 Palace Car........... 7 8 7 . 8 4 0Rutland R R ........................................ 0 5 2St. Jo. ct Grand Island.................... 9 4 7Seaboard A Roanoke.................... 0 4 8So. Car. A G a ...................................... 8 9 9South. Pac. Co......................S.30. S 4 4South. Pac. RR. of Cal .105*2, 1 0 6 2Standard Rope A T w ine.................8 4 0T exas Central.......................... 9 4 9Toledo Peo. A W e s t ........................9 4 8Trow Directory Print. A Bookb. 94*2United States O il...........................1 0 0 0Vicksburg Shreveport A P a cific ..9 5 0West. N.Y, A Penn...............8 3 9 . 8 5 3W est Va. a Fitts..................... : ....... 9 4 8W estern Union Telegraph............. 8 3 9W isconsin Central.............................9 4 7
S t r e e t R a i l w a y s .
V olum es 67— P a g e .Montreal Street Ry.................... 400 0United Traction Co. (Pitts., Pa.) 1001 Third Ave. RR. (N . Y .)..............1 0 5 3
Kansas City Snburban Belt RR.( Report for the fiscal year ended June 30, 189S.J
President E. L. Martin says in substance:General Results.—The property is now beginning to show
its value by the earnings, as the Auditor’s income statement shows. At the same time, the fa ll earning power of the property has by no means been approached. The lack of sufficient yard room has been gradually improved, so that in the next report a much better showing can be made of cost of operation. The sain of $31,702 was expended in extraordinary repairs and renewals and charged against operating expenses, which amount, i f eliminated, would reduce the operating expenses to 46’07 per cent of the gross earniDgs. The small balance in the treasury shown by the general statement, after paying interest on bonds and dividend on stock is partially accouuted for by the expenditure of $41,701 in extending yards, the purchase of land and additional equipment.
The last annual report estimated the number of cars the company was likely to handle during the fiscal year at 100,000 cars;] the actual number handled was 103,633 cars.
Independence A ir Line.—On Oct. 1, 1897, a contract was entered into with the Metropolitan Street Ry. Co., bywnich said company agreed to do the passenger service of the A ir Line into Fairmonnt Park by extending their electric line to- the park, using our tracks there for terminal purposes. J|The
1106 TH E C H R O N IC LE . [Vol. LXVII.
Writ tftfi
viV 3 t » i O f f i . t )
K th *r 11 !h> Air L ■ e a f i i » 4 , a o d t
canthis
I sas-> »itn !nc l* »« vraa and tlti-* serviceM»y I. 18#4, 17 nd *r tins 1 *roi4 of t'l • ''o (tract.
* . ' y.-*r* o f 10 ye»r.« with 0 months notice, CompsQy is to p 4v th • Air Line Company 0 p ft a tutum for the drat two years, and rate of # 0,0 a) par auaiun. nod are also to a# Cotap any 1 hr *,, cents net for each passeu- >farot»n p «m r forelectficlights in the park.
t>,e enrrtt.1 t>y the Vi »tr*>politat) Company since— a,.» « t> »,<rrse»-> w 4« follows: May, p»*M0g*r* 13,083;
r, rcro-.s » • us $403 49; June, paslingers 23.313, revenue to jU IW i Jttly, pMMBMCt M|W| revi i i ns, $1,6(4
T in thews that with the Increase of business that i>o reasons hi v nspectniL the revenue derived under .. . u5r.,:' , til at leo»t take car* o f the Internet ($15,000an* t:'S2''. ou the litdepeadence Air Line hands, without taking ! i st. aunt th • proliu of the freight business, which is scil tis'jog c un-in-ted by the Air Line Company outside of the c infract wv.a the Mstropolitan Company. Tale relieves the
:j; m i ! the 1. as caused by its own operation of the Air Line pnmenser terries*.
AVic f . i i . r v — A contract lies been entered into with the -u i Ittil way On. by which said eom-
pasy it to nee the Suburban Belt terminals for a term of 30 yenra from Am*. 1,1893, aud a similar contract has also been entered into with the St. L mis A San Francisco Ry. Co. and with She K arum* City & Northern Connecting RR. Co. The contract with the Imtaatni mpany carries with it the use of the Suburban Belt terminals by the Omaha & St. L <tii* .md the Omaha K im * City & Eastern RR. Cor. With the great volume of bn«io<.«s which will naturally be done by thoc various roads, from which no benefit has been dec rived yet, the increase of revenue for the coming year can in r*-»«UIy seen. Tne Suburban Bilt Company has just com- ph i* i on Santa Fe Street a brick and iron freight depot . «i; ;: V's f,! which, with the ground, cost, in round figures $ t rni* was necessary for the use of the St.
u t the 1 !r in i Island companies. JSSarmiHir*—'Toe year's earnings, balance sheet, etc., were:
KAKXISOS, EXl'BNSRS AND CHAROKS. fu n w *0 — | Deduct —
lu . lr v i ..................$ 467,305 I Inteivat on bonds............$185,033P a i n ......... 4-1,790 l Interest on current debt. 1,406
------------ I Tmc(Vi....... . ......... 16,436T- i - » .t . * \tu;-‘.‘ u iv *512,155 --------- -
T ota l....... $*202;875—
F'aicsnoufti Park.......... 37,9111 Net Income.......... -....... $34,34097 80,820
T©t«l ........................ 274,938
•Xe$ ftOfnlOir**.. . . $237,216$115,161
l>eduotdlv, Jaa.X/08, 71*35 »
M40WHI«nr......
41*1 fX*
Oo**t of r*>*hlcwr k* *L)>1 OMh 1*4 u»A C- r
aod tadiridiiabi Bill* .
la6 iU-fftS&JNC . . . . ....
SurplusJttne30,1898 $13,911 o o rn u i m u ic K siibet .h ’nk so, iso s .
j L ia b ilit ie s”“,31^,760 J ( 'ft jilu l ita lic ................ $4,750,000
105,2^3 5 Bornln (see lSV.80Pi%). 3,600,000 2,600 | Union Tor. RR- (oonstr.
i funds unexpended ).. 27,793lOO.lltn i A<rot«4. payable and coin- 31,161 1 nanloMand individ’lg. 32,590
, Hospital fund............... 1,-122l i , »47 1 Anctrui.nl Interest........ .‘'5,8333,702 j RtllB payable.... ......... 55.000
(equipment notes......... 39,985I Profit and loss............. 43,911
Total.—v. e?, j*-
.......... .006/430 J Total. . . . ...................... . .$8,606,5305»78.
SouUi C o ro l in a a Georgia Railroad.( Import fur the year ending Jane SO, 1898. J
1T#*i b-ut CbnrliM P,ir.4on# saya in anhatance : drm tra .1 Ht t -At*. T !i m? mated foe 111 Hit at yout* wharves lu Charles*
t f - u . h lijif cr*in .4,51-1 tort-lit* storing and handling of other export /y.r.rio . i ; ir s .j-,,) sjirt rmeu-nt management of the Charleston Tranu-
ltb your roadr aco unt for xnuohliw r n * •' *patrli«d dui
tfc* nmmi i -r. .}.■•. sh porta, aua since the c1o>*b‘A t.h** c * ' %»1 j^ r .J a o ft 30, 19 •teatuers have been placed to take frrnlu a ted other cottimodUlM:
im p r r#»iev-a#.-r»«nnjf the pa*t ttttnmor w harf No. 3, 458 feet in a *4 w idth of HtSi foot, has boon built In a substantial m anner
rr.TfMvi wtW* fine. HubstftuUtti betterments, costing 6 ♦ t*-ri>n made during t «c year a »d charged to operating
tools, and theTrvq sr, nir;* of *14Ini's, tn<4ftncees-ary by the increase in the num ber of f * r » pftf train healed by your now comuound locomotives. Five r^af*ovijj4 rv.v<»x.ii*i upon Iocotnotives and lOO new fiat cars, o f 60,000 R** f:*pai~isr. h% r *7 bcfto ad dot to v<>nr f-iUlpment. 700 tons of 70-lb.
rsO &av«!- token o f ugbter rails.Ais *14. roadbed 15 miles la length, hot ween W a terra a
*%*%w*tu on Ui-f- C »’t.w4e» Branch, and the City of Sumter, has boon .a»-4 ?onr roawl « ill Iwi extended during the com log winter to
r-*®tr'aH'y V*.v.*tej teruiiuut lands pnrohasefl ill the heart of that city. - m fairly good for freight tad passenger
the ' tc »l year < «9f-9i». industries on the line of your road •#» doing well>»nd new one* are projected.
L r iin^i We,—The earnings, etc,, have been as follows :onUtA9lOU»f LARJCLHOS, BTC.
1*07 9®, 1896-97- 1895*96. 1894-95.rt^d ........ 552^12 424.687 307,156 254.376>'*1 1 mde 15,390,100 13.505 885 14,053.100 13**50.043 pef oilift.. 1*024 eta. 2-04(1 Ct*. 1*077 cts. 1 049 cts.
. . . . . . . . ft 85,490 771,748 598,725 659,325tm:e 7,707,059 75,507,303 58.86 *,312 66.03 .113
I 1 Off cts, l • 100 ctA 1 ‘30 5 cts. 1 * 104 fltn.5 5 $
881387 7*2,307 775,617275,<h o 277,7*2 261,210
‘*9,511 57,047 54,552inive
Man,
f fan |msy#-
ser -..... xprfMBs, -
fttr73,0iO290,201H5,42®
1897-98. 1896*97. 1895-90. 1894-95.K ip e n jtts — * $ $ -8
71.504 03.769 71,118 51,324rrun-tporlftflOU............... 518.730 ‘ 182,172 428.408 434,515M u 1 u tan an oe of w ay . ... 1 53,720 117,791 117,811 123,325Motive power and. equip. 120,398 113.768 119,747
Total......................... 870,418 777,490 717,455 72S.911Net earning*.................. 481,887 •438,99 4 359,691 385,474P. e. of op. exp. to earn*. (84*22) (03 91) {8661) (66-60)
D a l net—Interest on bond* ______ 202,500 262,500 262,500 262,500Interest on equip, noted. 3,941 3,000 3,301) 363Taxon . . . . . . . . . . . . . . ___ 00.249 54.620 55,495 52,436
20,000 0,867
Total.......................... 3*52,690 326,787 321,295 315,349Surplus................. ......... 132,197 112,207 38,390 50,125
UBNKRtL JJA LANCE SFJ SET JUNE 30.A ssel*— 1 1*8.
Oosi of road . .$9,il7u, *01Cost of equlpme't. 7US.863 St’cks o f oth’r cos.Heal eyt. exempt
from mortgage-.So.Car, lty .es Uto.Interest...............Oa^ii & cur. assets. Charleswn Term..Mater Is *aupp*s- losorance, 18i>7-s.
4,tWO
60,765 85,4-I l 10.985 310,631 17m, 0<>O 26.3 *8
1SJ7.00,«7',901
031.4404,500
73.03500.60$11,625
263.2168J.02I34.68)5.730
L i ib U itu s - 1898. 1897.C ipital Rtook..... $5.00 ',000 55.0-W.000Funded debt’ .. 5,388,742 5,328,000Carre at liabilities 272,226 324,326Accrue;I Interest
on fun led debt,not ye payable. 15,417 45,417
Prodt and loss,balance (surplus) 310,048 177,851
Total , .$11,016,432 $10,875,594Total........... $11,016,432 110,875,694V. 67, p. 528, 630.
Akron & Chicago Junction Railroad.(Results fo r year euding June 30,1898.)
This road is leased to the Baltimore & Ohio and forms the Akron Division, The B. & O. Receivers report as follows:
OPERATIONS, EARNINGS, BTC.
1897-98. 1896-97. 1895-96.Tous carried............................. 925,795 1,118,854Tons carried one m ile............. ..108,974,010 63,465,727 76,017,322Passengers carried.......... ......... 83,422 83,463 76,205Passengers carried one m ile... .. 4,477.712 4,490,279 4,413.750
Earnings— $ $ *Freight.................. ................... 441,615 325,572 337,510Passenger...........................— 71.0 5 6-L006 73,611Mail........................................... 20,063 20,039 6,834Express..................................... 14.599 11,372 9,433Miscellaneous........................... 469 316 343
Total......................... .......... 547.761 425,304 427.732Expenses
General............... ..................... 29,741 31.474 29,852Maintenance o f w ay ................. 53.623 55,181Equipment............................. 51,-108 57,107 50,799Tran spor cation...................... .. 257,50!) 19 L,879 210,542
Total.................................... 403,513 334,082 346,373Net.......................................... 91,222 81,359—V. 65, p. 973.
C en tra l O h io R a ilr o a d .( Results f o r the year end ing June 30th, 1898, J
Th is road is leased to the B a ltim ore & Ohio and form s theCentral Ohio Division The B. & O. Receivers repirt earnings, charges, etc., as follows, bat under order of Coart tne rental is payable only as far as earned :
OPERATIONS,, EARNINGS, ETC.
1897-98. 1*96-97. 1895-96. 1894-9i.Tons carried ------- 3,335,975 2,523,307 2,375,153 1,935,094Tons carried 1 tnile.239,190,085 Sli.0,52|9P5 167.910,540 130.228,478Passengers carried. 467,206 453.871 460,327 434,531Pass, carried 1 mile. 19,176,477 18,180.059 18,2.62,617 18,042,3*1
Earnings— $ if $ ifFrelirht................ - 1,153,272 784,491 721,904 644.068Passenger............. . 305,546 343,873 367,274 347,353Mail ................. . 39,913 39,828 45,425 45,432Express................. 37,127 36,665 37,940 3 7,805Miscellaneous......... 23,593 2 1 ,6 6 8 20,561 21,943
T ota l................. 1,619,451 1,226,528 1,199,104 1,096,601Expenses—
General................... 88.923 s i,954 80,664 100,876Maintenance of way 189,309 159,727 1«'4,839 131,532Equipment ..... 237.722 291,392 235,559 1 45,820Transportation....... 747%515 602,846 565,057 511,540
T o ta l................ 1,203,*66 1,135,920 1,0*6,119 889,768Net ........................ 355,985 90,008 152,985 206.833Rental underlease. 500,899 429,*84 419,687 383,a l lTaxes, etc , paid by
lessee.................. 35,613 43,285 34,‘>19 28,409
Los# to lessee......... 240,437 381,961 301,621 205,337—V. 07, p. 954.
Newark Somerset & Stra itsvilie RR.(Results fo r year ending June 30, 1898.)
This roail is leased to the B dtimer® & Ohio and forms the Straitsville Division. The B. & O. receivers report resalts is follows, but under order of Court the net earnings only are payable as rental, and no infcer-'st therefore has been paid on the bonds since November, 1895.
OPERATIONS, EARNINGS, ETC.
i 1.105,306 1,216.49* 1,077,140 1,094,335
Tons carried ,........Tons carried 1 mile. T’jtAseiniors carried.. Pass, carried 1 mile.
S a rn v n g t—fre igh t....................Passen ge r............Mail......................Express................Miscellaneous...........
1897-8. 385,240
16,035,128 32,170
000,012
1890-7. 4,81,809
20,3b7,986 29,225
440.201
1895-6. 4-4,327
20,510.04? 30,579
453,460
1894-5. 383,439
15,935,827 22,843
331,315$ $ $ $
112,130 108,136 129,065 112,29511,860 1 0 , *50 10,902 8,3332,377 2,304 2,337 2,337
345 318 290 295333 420 504 313
127,0*5 121,693 143,104 123,573
•NovEMBEa 26, 1898,J T H E C H R O NICLE , 1107Expenses—
G enera l.......................M aintenance of way.Equipm ent ...........i ransportation ..........
1897-98.
7,68433,38114.90865,672
1896-97.
9,01645,21120,95563,423
1895-96.$
11,376 34,559 18,9 1 70,893
1894-95.
21,62931,65911,40960,889
T ota l..................... 121,645 138,606 135,809 125,586B a lan ce ...................... sur.5,400 def.16,913 net 7,295 def.2,013Interest on bonds___ 38,114 40,000 40,000 40,000Taxes, e tc ................... 5,248 3,687 fc ,745 3,116
T o ta l.... ................ 43,362 43,637 48,745 43,116
Balance, deficit........ 37,962 60,600 41,450 45,129— V. 67, p. 954.
Sandusky Mansfield & Newark HR.(Results for the year ending June 30, 1898.)
This road is leased to the Baltimore & Ohio, and forms the Lake Erie Division. The B. & O . Receivers report as follow s, bat under order of Conrc the Receivers are required tb p ay as rental oniy the net earnings o£ the property.
OPERATIONS, EARNINGS, ETC.1897-93. 1898-97. 1895 90. 1894 95.
Tons carried.............. 2,658,253 2,114,799 1,623,233 1,175,088Tons earned 1 m ile ... 227,041,425 172,402,158 128,574,912 88, 02,434Passengers carried ... 303.218 269,156 230,745 242,447Pass, carried 1 m ile.. 10,550,747 8,717,036 8,794,785 8,7c 6,2*2
E a rn in g s — 8 $ * *F re ig h t ....................... 873,211 659,394 605,215 487,901Passenger................... 178,430 160,787 172,127 158,187M ali ............................ 31,268 31,260 37,675 37.828Express .................... 27,704 27,555 28,524 i8,413M iscellaneous............ 2,639 2,141 2,139 1,841
T o ta l.................... . 1,113,252 881,157 845,680 714,170Expenses—
G e n e ra l........ ............. 58,126 65,410 51,894 76,405Maintenance of w ay 144,617 126,275 111,988 102,749E qu ipm en t............... 132,014 176,550 145,008 86,839Transportation......... 580,377 432,040 387,219 339,691
Tota l..................... 915,134 800,277 696,109 605,684N e t ............................. 198,118 80,880 149,571 108,486Rental under lease... 201,850 201,850 201,850 201,850Taxes,&c.,pd .by lessee. 24,354 3 i ,045 24,474 2 0,672
Loss to lessee___ 23,586 152,016 76,753 120,036—V . 67, p. 954.
Boston Elevated Kailway.( R ep ort f o r the yexr end ing Sept. SO, 1898.)
The annual report of the Boston Elevated Railway Company for the year ending September 80, 1898, as filed with the Railroad Commissioners, compares as follows with the results, reported by its leased company, the West End Street Ry., for earlier years:
1897-8. 1890-7. 172.554,513
Interest on deposits..
D e d u ctio n s :Iut< rear, ou W est End debt.Taxes, W est E nd .....................
•• Boston E levated ...Compensation t a x ..................Rental e f su b w ay ...................
Other rentals.
32,20 G 150 $9,179,096
6,566,584
2,612,51278,156
29.953,591*8,719,03
6,213,708
2,505,323
$2,690,668 $2,505,323
$498,600 $493,219435,860 372,460
86,04980 317
106,134. 1,147,950 1,193,375
9,180 14,695
. $320,377 $431,572112,500
$214,077 ............
1895-6.166,862,288
25,841,907$8,341,958
6,334,619
2,007,339
$438.7-* 0 343,898
1,147,95011,952
$64,789
BALANCE SHEET BOSTON ELEVATED RY. SEPT. 30, 1898.— I Liabilities—
Common stock...................... $5,Vouchers and accounts........
$86,03121.599
5,532.445ju7.12w
Assets—Engineering expenses.Terminal land..............Cash........... ................Accounts receivable...Otnercash assets ............... *05,444Deposit with S tate .................. Uou.uoOMaterials and other prop...... 336,799West Eud open account .Property account.........Miscellaneous.................
Salaries and waxesDiv. and coupons..................Rentals unpaid.....................
do not due....................., Int. and taxes not due..........
423,730 | Tickets, checks, etc .............1,885.1ft0 | West End lease account....... 1
2v,0i(J humane luiul | Surplus......
,000,000 •: 53.232 98,273 42,2 35
317,976 131,825 681.978
19.530 ,362.0*3 i 97,496 214,077
Total.................................$8,418.647 1 Total....................................$8,418,017BALANCE SHEET WEST END STREET RY. SEPT 30.
1898. 1*97.Assets— $ $
Cost of road........ 8,386.396 fc .335,396Land and b’ldlngs.lu.vi 0,087 10,:i49.2»,2Equipment ........ 0.46-V77 0,454,25r»Cash..................... 1.598 1,387,923Materials and sup
plies ................................ f O9.560Open accoonts.................... 7l«,689Mlscell. item s................— 110,319subway equip.. .. 133,131 ........Boston El. lease... 1.302,023 ..........
Total...............26,503,813 27.863,410—V. 67, p. 528.
1898. 1897.Liabilities— $ $
Common stock.... 9,086.000 9,085,000 Preferred stock... 6,400.0o0 0.4o< .000Bonded debt........ 10,9i5,000 10,945.000Open accounts............... 109,500Accrued interest,
taxes, dlvs., Ac................. 4,192,137Profit and loss,
surplus.............. 73,313 71,713
...20,503,813 27 863.410
Fittsbnrg Painesville & Fairport RR.(Statement for year ending June 30, 1898.)
The lessee’s account for the fiscal years ended June 30,1897 and 1898, is as follows:
1897-8. 1896-7. Expenses— $ $
Conau't’g tiansp.171,053 161,577 M aint.of way.&c. 37,366 50,328Muinr. o f equlp’t. 43,00* 53.662(Jeneral expenses 19,857 17,75a
1897 8. 1896-7.E a rn in g s — $ $
Freight traffic___ .372,813 324,957Pass. *' ___ 19,*72 19,464E xpress “ ___ . 2,361 2,676Transp. m alls___ 2,464 2,4 64R e n ta ls ............. 209 352
Total earnings 397,219 349,912----- ---------------- Total expenaes.272,784 283,324
66,588
P a id by rece iver— 1897.98.Taxes............................................................................ $13,986Coupons...................................................................... 62,500Equipm ent trusts.............. 13,117Miscellaneous............................................................. 10,748
1896-97.$14,912
62,500
” 8,578
$85,990Total................................................................. $100,351Balance to lessor..............................................sur.$24,084 def.$19,402- V . 65, p. 1169.
Pittsburg Cleveland & Toledo Railroad.( Statement fo r year ending June SO, 1898.J
The lessee s account is as follows:Earnings—
Freight traffic............................................ $919,610Passenger tr ffio... ...........................Express traffic ................................Transportation of mails...................Rentals..............................................
Total earnings.......................................$1,048,302Expenses—
Conducting transportation....................... $504,913Maintenance of way, etc..................Maintenance of equipment..............General expenses.............................
1897-93.$919,610
93,14212,44822,106
996
1897-06.$6>7,815
95,4568,726
22,1251,109
$1,048,302 $755,231
$504,913*8,98573,94342,846
$345,81966,53848,71034,188
. $710,687 $337,615
$495,255$259,976
. $24,421 144,000
41,625 31,*85 35,334 11,744
$22,960144,00027,000
4014,725
32,608
, $289,009 $48,604
$231,694$28,283
Total expenses..................................... $710,687Net earnings.............................................. $337,615
P a id by R ece iver —Taxes........................................................... $24,421Coupons....................................Bills payable account..............Construction.............................Right of way.............................Miscellaneous...........................
Total...................................................... $289,009Balance due lessor....................—V. 65, p. 1169.
G. H . H am m on d C om pany , L im ite d .( R e p o r t f o r y e a r e n d e d J u n e SO, 1898. J
T h e report covers fifteen m onths’ operation , the fiscal year h av in g been changed to end June 30. The fo llo w in g show s net resu lts o f the A m e ric a n C om pany in the last five years:
J u n e M a rch M a rch M a rch M a rch30, 1898. 31, 1897. 31, 1890. 31, 1895. 31, 1894
Net profits................. £19,430 £26,205 £28,800 £49,484 £65,210Div. to English Co................. 15,876 17,178 41,649 25.773
The E ng lish com pany reports an independent profit o f £7,008, w hich , added to the net profits o f the A m e ric a n com pany, m akes a total o f £26,439, from w h ich debenture interest took £25,500, leav in g a iiain over interest charges am ounting to £939 fo r the year. T h e report says that a ll the profits o f the A m erican com pany w e re m ade in the six m onths ending June 30, the prev ious n ine m onths sh ow in g a loss, p a rtly due to the y e llow fev e r ou tbreak in the fa l l o f 1897. R egard in g the arrangem ent w h ereby the O m aha branch w a s taken over by the H am m on d P ack in g Com pany , the report says: D u r in g the year the d irectors g ran ted a lease o f the O m aha p lan t on a renta l on term s g iv in g an interest in the net earn ings, the lease be ing term inab le , at the option o f the A m erican com pany or lessees, at the expiration o f tw enty m onths, o r at th£ end o f any subsequent yearly period — V.66, p.1001.
GENERAL INVESTMENT NEWS.R eo rga n iza t io n s , E tc . — L a t e s t D a t a a s t o D e f a u l t s , R e o r
g a n iz a t i o n P la n s , P a y m e n t o f O v e r d u e C o u p o n s , E t c .— A l l facts o f this n atu re appearing s in c e the pub lication o f the la s t Issues o f the Investors’ and the Street R a il w a y Su pplements m ay be read ily fou n d by m eans o f the fo lio w in g in dex . This index does n o t include m atter in to -day ’s Chronicle. F u ll-face figu res ind icate V o lu m e 67.
Railroads & Mis. Co.’s.Volum es 66 a n d 67— Page.
Balt.A Ohio.. .plao.1235, 954, 1054 4o do . .. Central Ohio p la n .tt* *
Carolina Central...readjust, notice.*42 do do . .mortgage fi'ed.954
Central Ohio — p/an.fLSN,900,9A4 Central Transportat’u.di*trifmfc’rj.»'«42 Cent. Vt .p/an.733, 900.954. 1 0 »4Central Wnfibisgton.............plan. 953Chicago Ft. Mad. A Des Moines
foreclosure decree. • 00*2 Chic. A Ohio River., foreclosure.4 002 Chic. A West. Mich.. . coupons.tsd'Z Citizen’s Elec. Lt. A Power Co of
St Louis. ..avpUc’n fo rrecr 1002Citizens’Light. A Power (Kokomo,
Ind .)...............................900Col. A Cin. Midland ... . reorg.plan.
0W8. 900, 95*. 955 C©1. San. A Hock.reorg plans. .176,
‘222,900do do ... new committee Js4*4
Colorado Valley..... ... rcvr.S • 2Denison A Northern ..ntdered s»ld.842 Deny. Leady.A Gun’non.p/«n.73b.
7 4 <N: »a\e ratified.&42 Edison Elec. 111. of B'klyn... co«s..S4 2 Ely ton Co. ... rtorg. committer. 9 M iFederal sneel................ consol'n.S42Galv. La Porte A Houston__ sale
confirmed; new co.9W\General Electric... dUis. on pref'd.HiH)Houston (lex.) Belt A Magnolia
Park Ily...........................arid 1003Jamestown A Lak« * rie— sold.956 Kingston A Pembroke.meeting 1o
anih m epre f.s tock .H 01 Litrh. Car. A West, .sale past— I 0-»5Little Rock & Memphis....... *alr.901Nat. l.m. OIL rear .902, «;»•*, 1 0,>5 Newark Somerset A Straitsvllle.
plun.tihH, 9540<c*ee S: Western__ sale of n rub.902Oguensuurg a Lake Champlain
>■ » •ndtd plan; itory. 0 . 1 056Ohio Southern..................... sofd.N4‘2Phiia. Read. & New Eng .new *<. J 050 Pitts. June., .renyg. plan.OHfi, 105*Pitta. A W....2d mort. cem. *tll out.842
RAILROAD8 AND MlflC. GO'S— (C7on.)V olum es 66 and 67— Page.
Rich. Nieh. Irv. A B ea ttyv— sale9 5 7 . 1 0 0 4
St. L. Kans. A Southw estern.sate.902Sand. Mans. A New...... plan.ON*,
7 3 7 , 9 5 4San Fran. A San Joaquin Valley.
purchase of Atihison.H 11 Santa Cruz W aterP ow er... forecl.8 4 3 Seneca Elec.Lignt A Power.recr.. 00 4 Sioux City A Northern, coupon.i 0 5 6 Southern States Land A Timber.
new co. formed.H4& Terre H ’te A Logansp..sate Nov.18 .902Tradesmen’s Nat. Bank........reevr.9 5 ’
do do liquidation. 10 0 4CJn. Pac. Den. A G ulf. .plan.7 3 6 ,
7 4 8 , * 0 5do do plan operative; new co.9*>7 do do filial instalment pay
able Nov. 28 .10 0 4Wheel. A L . E__plan.1142; forecl. 1 2 8W ilmington A Northern..acquired
by Heading Co.8 4 3 Wisconsin Central...reorg. ma'ters.9 0 5
S t r e e t R a i l w a y s .V olu m e 67— Page.
A tlan tic Highlands Red Bank A Long Branch E lectric R y.— bondholders* committee. . . . 1 0 5 4
Belt Ry. (Wash.. D .C.).*oM .899,1054 Brooklyn Elevated. .r»ory.426\ ll»5 i
do do . solo. 10 0 2Colfax Elec. (Denver, Col.)..aate.i ««03Crescent Ciiy R R ...................pta’t .7 3 *Dullus ( I ex.) Rap. Transit A
Terminal Ry . . ...............scld. |0<»3Met. W. S. El. RR. (Chi.)., .fond. • 0 5 5 Middletown-Goshen Trac.. .rtcr. 1 0 0 3 ' ewburg <N. V.) Elec. R y..c ap .l 0 5 5 New Orleans Traction..cun-.0 9 0 , 7 3 0 New Orleans City <* Lnkc. . plan.? 3 6 People’s Ry. iSt. Louis, Mo.)..sale.789, l 004Petersburg Elec. R y........... sol/i.t 90 4Un.'Tr. Co. of New JerseyJoreel. 10 5 0 W est End St. Ry. (Denver, Col.
tab. 1003
1108[Vol. LXVII.]t h e c h r o n i c l e .
strAW 11 ♦aru. directors on p*r»t>ie Dec abstys; "W e l* acuirterlT or |
vrUtit vh.o at >t\on a
m U
m” saya: *'TUe idiitupoUs meet-
in vestiga tio n it* this and also
hand, the mills e outside proper- |
_____ _ »n are quite will-^ompatur in payment for not only show's faith in J
know its merits, but also new corporation. " —V, 06,
,r alt of which there u n ready * Oo nt, a fair profit. Our nates for da of 0 »0,0lK» tons, o f which, h *wcver. we will not. he able to tie* i 00 ,*ni, bo -'iuso of thO'pre out mlufi facilities not permitting lutly of ft quantity of eoal auffieleat to make this delivery dur-
pariod. It Is proposed to complete the equipment of the tricitv for digglug and hauling oonl, which will largely Increase 1„ f„r our coal during the year oovered MOO.bOO tons, or double pr >duco. Next vear wo expect to be able to produce and dean* i'ho railroad and coal properties are owned and operated gum . the* v *nl proport v being under the Hen of the railway mort
i s * o liver m- Lhe pr |Q| (All
the mu' o u r c a i l i v e r 1. b y t h e tr a a e .
t d a y . t e upwar »ro tb a l u c t i o n c o n t r a
n t h o h . p u t . Hi
ird i
t il l
Amrrlran Thread Co.
BaltimoreII M - ... A It
a l *l,CK* .lock art
thread Company Consolidation, j to. of the Ammean Thread Co., snt.1 in a few day*. We are in*
o’ principal'ohm g* from the original intention er. is in the rel nr'ion of the capitalization 1 no to * i ',too0,.e)). Toe original plan provided
j each iu bonds, pre- md common stock. These amounts have been (100,000 respectively.—V. 67, p. .'118.
Kleolric-Ught Companies.—Pending Consoli- n.iu-ate headed by Edward B. Smith & Co., of i* arranging to purchase and merge the Brush tK. KiH .n illuminating Co. and the Northern all of Baltimore, into"a new company, with
of probably $5,000,000 and an issue live per ou t thirty-year bonds. The capital oniv ten per cent paid at the outset, the re-
- called and pai i up from time to time as cash >4 (or capital expenditures. The existing com- litalurd as follows :
Hands. Stocks........................ $1,237,000 $723,000
y ........................................... 537.000 1,770,000,;,UT ................... 100.000 100.000
la r g e ly m c ie
Baltimore
la v e ala-
.......................................................$ 1,871,000 $2,899,000
if the consolidated company will be secured r on ail the property and by deposit in trust daily informed, of substantially all the bonds ; the existing company. Speaking generally, of the bond is.ni- will pay for the purchase of •roi»'riii •. and the instalment on the stock will : hi constructing a now power-house and pro- company with works1 tl, The mime of’ .-1 comp my ha. not yet been decided. The -rated independently, it is stated, have had toning* yearly of about $620,000 and net earnings i r**'. With the reduct son of expenses incident ion. the net earnings, it is expected, w ill be
X Ohio lilt.— -V< !/• Kjuipmcnt.—The improve- n ring t he p wt two ye *r* having rendered it possi- rar* of o heavier capacity than heretofore used, have jus? ordered from the Schoen Pressed
htpibnrg 1,0 11 steel coat cars of a capacity of a each. Ta«ne cars will bs used for the sea- ■an t arc expected to be in service daring the
jmo in addition to the - n r - the receivers lerrsi so m ire of the consolidated locomotives
Undet rxir. - tnd«r*tood that Mr. William
| firm of Soever & Co, on the nan of the board of directors which Mr. J. K. Co wen will
Elaltlnioru k Ho nth we* tern Hr BalUmore & Ohio,—) —ft is nnlsratoid taut Biltim ire & O lio South- « plan for tne read] net- plan will be very shortly
Itstfalo Hoc hr k P ittfb trg Hy.* t as d i f .
Bu f f a l o St. M i ?rn RK
f r i r c A t o r x ,—B Bonrae,
Walston H.respectively,
It. ,T. Ken
Sold.— my to a 90, were e bonds Jttd of i » of the aro re- 371; net otal net barer ag.
tOi t
Cape Fear & Yadkin Valley Uy.—Faredimre Sale Dec.*9 —The foreclosure sale is advertised for Dec. 29 at Fayetteville, N. C., as will appear from the official notice in our advertising columns The road in aocoriaica with tne recent decision of the Court w ill be sold as a whole, and not inflections as desired by the New York Committee. The appeal to the Supreme Court was withdrawn,—V. 67, p, 787.
Central Branch Union Pacific By.—Missouri Pacific By.— Formal Transfer.— The formal transfer of the Central Branch Union Pacific By., extending from Atchison, Kan., west 100 miles to Waterville, has been made to the Missouri Pacific. This does not affect the Atchison Jewell County & Western nor the Atchison Colorado & Pacific, which, it is said, will probably not be transferred before the first of the year.—V. 67, p. 900; V. 65, p. 517.
Central Pacific B. B.—Bonds Maturing Dee. 1.—The Central Pacific It. R. Co. notifies holders of their first mortgage bonds, series “ A " , maturing Dec. 1, 1898, that the principal of snch bonds w ill not be paid at their maturity, but that it is intended that until sueh principal shall have been paid, or readjustment of the company’s affairs arranged, interest from Dec. 1, 1*93, shall be paid semi-annually at the rate of 5 per cent per annum, such payment not otherwise to effect any rights of the bondholders arising from the company’s failure to pay the principal at maturity. Speyer & Co., referring to such notice, inform holders of their certificates issued on deposit of above bonds that they are p re eared on or after December 1, until farther notice, to purchase at par and interest at the rate of 5 per cent p. a, from that date snehjof said certificates as the holders may desire to sell. They add that it is expectei that a plan for the readjustment of the company’s affairs w ill before long bs announced, and that meanwhile they shall adopt such course as may seem desirable for the protection of the interests of the bondholders.—V. 67, p. 318.
Central Passenger Association.—Modified Agreement.— The Central Freight and Central Passenger associations, it was recently agreed, should Be maintained, but under articles of agreement modified so as to conform with the recent decision of the United States Supreme Court in the Joint Traffic case. The leading provisions "by which the new Central Passenger Association will be governed are as follows ;
“ The purposes o f this organization are to prom ptlv secure to each of the par - ties authentic information in relation to the tariffs and rate sheets of the respective parties, and changes therein, and the du° filing and publication thereof; to aid m securing compliance with the Federal and State laws relating; to nud regulating commerce, an j to enable the parties thereto to m utually confer, advise and act in relation to the subjects above stated., and the proper methods to secure the purposes aforesaid.
“ Each party hereto shall tix and determine its own rates, and shall file with the commissioner all its rate sheets, circulars, rules and regulations pertaining as agent o f each individual line, shall ta k e necessarv action in disseminating tops sencer traffic within the purview o f this association; and the commissioner, such information.
•‘T he commissioner shall net for each line, under its instructions, in seeing that H 5 rates, rules and regulations are properly published, and shall co-operate with compilers in the jo in t publication of the individual rate sheets o f the several lines parties thereto, within the territory o f this association, th e rates o f Individual lines parties hereto to be shown in such rate sheets, w henever they have been advised to the commissioner. T h e commissioner shall file for an 1 In the name ot the individual lines, with the Inter-State Commerce Commission all rates necessary under the law, and w henever th e parties hereto or any o f them shall so rqutwt, the commissioner shall him self compile and publish, or enus- to ha compile tl and published under his immediate supervision, a joint publication o f the individual rate sheets o f the several parties hereto. Joint publication of the individual rate sheets o f the several parties hereto shall be issued as often as may he necessary, hut in no ease o f toner than quarterly* This shall not, however, prevent the issuance o f supplements thereto whenever necessary.
“ Not huig in thin agreement shall b*n construed as giving any authority to th e said commissioner, or to the association, or to any person or officer o f the nssoclitlon. to fix or determine any rate for any party hereto, but. each party alone shah tlx and determine its own rates; and nothing herein shall be co n strued si* preventing any party hereto, aft-er it has tfxed such rates, from eh dining the same at any lim e or from time to time, as it m ar choose.
“ Each rump any, party hereto, reserving always to itself th e right to take in- d«» pen dent action, agrees that, should it decide to change its fa r e s .it will flic with the commissioner a written and Spec! fled notice o f the action •■ bat It In tends to take at least three days before same shall take effect; such notice o f Intention to nr- Hied with the commissioner before auv company oarty hereto n*<‘w. advertises or participates in any rate on com petitive passenger tr a fle having origin or destination in or passing through the territory o f tho association,''
The agreement for the government of the Central Freight Association, it is stated, is substantially the same as the old one, except that all provisions relating to the adoption of rates by the Association and the enforcement o f agreed rates are obliterated therefrom.—V. 67, p. 1002.
Chesapeake & Ohio Canal.—Canal Offered fo r Sale.—The Secretary of State of Maryland, Richard Dallam, by direction of the Board of Public Works, is advertising for sealed proposals for the purchase of the State’s interest in the Chesapeake & Ohio Canal. The proposals will be opened at noon on Tuesday, February 7, 1899, in the Executive Chamber at Annapolis. Each must be acoompanied by a bond for $100,000. The canal extends from Georgetown, D. C., along the Viauks of the Potomac R ivera distance of about 200 miles r e Cumberland, in Alleghany County, and was built almost entirely by the State. The company has long been in receiver- hands, and no late report regarding its finances is at hand, but the capitalization and the interest therein of the State and the Baltimore & Ohio RR. Co. is understood to be approximately as follows:
N ovem ber 26, 1898. J THE CHRONICLE. 1109•-------Interest of-------,
State. B.&O. HR. $788,724 .........
4.375.000 ...........15.750.000 ...........2,000,000 ...........7,800,000 _____
........... 057,500
........... 1,643,750
........... 500,000_______ 330,000........... 379,000... ( ? )
The seniority of the various liens upon the canal has not been judicially declared. The Court passed a decree Oct. 2, 1890. for the sale of the canal, but suspended the operation of the decree until May 1, 1895, giving it into the hands of the trustees of the holders of the bonds of 1844 to operate during those four years upon condition that i f they did not demonstrate by the end of the four years that toe canal could be made to pay, then the decree would be enforced, another decree being passed to fix priorities of liens and obligations. In 1894 the Court granted an extension of six years longer. Various railroad interests have been anxious to secure the canal for use in building a new road along its right of way from Cumberland to Washington.—V. 62, p. 1138.
Chieago & Eastern Illin o is UK.—Dividend on Common.— The company has declared a dividend of X% per cent on its common stock. This with the first dividend of 2% per cent paid July 1 makes 4 per cent for the year.—V. 67, p. 424,
Chicago & Ohio R iver RR.—Foreclosure Sale Dec. 16.— This road, extending from Danville to Olney, 111., 86 miles, is advertised to be sold under foreclosure of the first mortgage at Kansas, Edgar County, 111., -on Dec. 16. The upset price is $100,000. The first mortgage is for $250,000 and the second mortgage for $750,000. The road has of late formed part of the Peoria Dacatur & Evansville RR., but after the sale the control is expected to pass to Cincinnati Hami'ton & Dayton interests, per plan announced last June. (V . 66, p. 10431—V. 67, p. 1002.
Chicago & West Michigan Ry.—Coupon sin Full in Cash.— Announcement is made that coupon No. 34, due Dec. 1, 1898, of the Chicago & West Michigan Railway Company 5 per cent bonds, w ill be paid in full on and after that date upon presentation at the National Webster Bank, 87 Milk Street. Boston, Mass., as w ill also the coupons of all issues of the coupon scrip.—V. 67, p. 842.
Cincinnati Gas Lis lit & Coke Co.—New Stock.—The stockholders w ill vote Dec. 21 upon a resolution to increase the capital stock from $8,500,000 to $9,000,00 '. The money is needed for extensions. Stockholders w ill be allowed to subscribe at the ratio of about one share for every twenty held.
Cincinnati New Orleans & Texas Pacific Ry.—Negotiations.—A committee consisting of John W. Warrington, Briggs S. Cunningham and Frank L Perin was appointed recently by the Doughty over-issue creditors to consider a reposition made t® them through a New York broker. It is elieved the proposition came from the road that sought to
buy the property two years ago.—V. 67, p. 948, 950.Colorado Midland Railway— Busk Tunnel.—No Agree
ment.—Negotiations between the Colorado Midland and Busk Tunnel interests are reported off because of the in • sistence of the Tunnel people for a bond secured by a mortgage on the tunnel rather than the bonds of the railroad company covering all the property.—V. 67, p. 900; V. 66, p. 1187.
Columbus & Cincinnati Midland RR.—Baltimore & OhioRR.—Offer for Deposited Bonds.—George Stevenson, of the committee representing the Columbus & Cincinnati Midland first mortgage bonds, has, after considerable negotiations, received an offer from the reorganization managers of the Baltimore & Ohio reorganization committee to purchase, at 94 flat, in cash, the trust certificates of the Guarantee Trust & Safe Deposit Co. for the first mortgage 4% per cent bonds deposited. The offer of 94 flat in cash is for the committee’s certificates and is free of all expenses to the depositors, the purchasers paying the committee’s expenses. The offer is acceptable to the committee, which is recommending its acceptance. Depositors, as far as heard from, seem to be well satisfied with the result, and it is expected the sale w ill soon be ratified.—V. 67, p. 954, 955, 1052, 1054, 1057.
Denver Leadville & Gunnison RR .—Colorado & Southern Ry .—Purchased —The Denver Leadville & Gunnison Ry. was purchased at foreclosure sale on Nov. 18 by Henry Budge, Charles A. Peabody, Jr., and Henry De Coppet, representing the bondholders, for $1,500,000. The system, embracing 324 miles of narrow gauge track and extensive terminal facilities in Denver and Leadville, w ill be turned over to the Colorado & Southern Railway (the reorganized Union Pacific Denver & Gulf), under the plan already announced (V. 67, p. 748).—V. 67, p. 842, 957.
Detroit & Lima Northern Ry.—Lima Northern Ry — Reorganization Notice.—A committee consisting of John E. Borne, President Colonial Trust Co.; Jules S Bsche, of J. S. Bache&Co.; Eugene A. Merrill, President. Minnesota Liau & Trust Co.; Philip Lehman, of Lehman Bros., and EdwardL. Oppenheim, of E L. Oppenheim & Co., with Frederick J. Lisman, as Secretary, 30 Broad Street, has undertaken to act for the protection of the first mortgage bonds of both these companies and to formulate a plan of reorganization. As suit is pending for the foreclosure of the mortgages, in which receivers of the property
have been appointed, and as receiver’s certificates have been authorized and partly issued, it is important that prompt action should be taken. An agreement has been prepared under which bondholders are invited to deposit their bonds with the Colonial Trust Co.. No. 220 Broadway, New York City, on or before Dec. 6, 1898. A majority of the bonds has already been deposited.—V. 67, p. 955.
Elm ira (N . Y .) Municipal Improvement Co., E lm ira Water, L igh t & Street Railway Co.—Reorganization Plan.— A committee consisting of George W . Young, Walter G. Oakman, James Timpson and Edward C. Jones has prepared and adopted pursuant to the protective agreement of Oct. 22, 1897, a plan for the reorganization of the company. Copies may be obtained from the depositary, the United States Mortgage & Trust Co., 59 Cedar st. Holders of securities are invited to assent to the plan and become parties to the agreement by promptly depositing their securities. In December, 1897, the Guaranty Trust Co., N. Y., brought suit to foreclose the $1,800,000 mortgage of 1942, of which $1,461,000 bonds were outstanding, and H. A. Murray, Treasurer and Secretary of the Guaranty Trust Co., was made receiver of the Improvement Co.
The plan provides that a new company to be called the Elmira Water, Light & Street Ry. Co., or by some other appropriate title, shall be organized to take over the property and. to issue.First mortgaoe, fifty-year 5% gold bonds, bearing date Jan. 1, 1899,
redeemable at option o f company at 105 and in terest................... $2,000,000To be reserved to retire at maturity the outstanding first mortgage
bonds of the Elmira Water Works Company, due 1913___ — 339,000To be reserved for future extensions and improvements and acquisi
tion of additional property................. 200,000Issuable at once for reorganization, improvements, etc ................... 1,461,000Second mortoaar. 1% income gold bonds, bearing date Jan. 1.1899 (in
terest payable only if earned and to be non-cumulative), redeemable at par........................................................................................ 1,200,000
Capital stock..... 1,000.000Holders of the $1,461,000 consol. 5s will, receive per $1,000
principal of old bonds, $500 in new first mortgage 5s, $500 in second mortgage incomes and $100 in new stock Funded and unpaid coupons will receive 100 per cent in second mortgage incomes. The $1,000,000 old stock is assessed 10 per cent and receives 10 per cent in new first 5s and 50 per cent in new stock.
Burnings.—“ The fixed charges of the new company, including the interest on the $339,000 outstanding 6 per cent bonds of the Water Works Co. w ill be $93,390, and it is reasonably believed that with the natural growth of the business and the wise use of the working capital supplied by this plan, the present earnings as shown by the following statement of the Audit Company of New York can he appreciably increased.”Year. Oross. Net. Tares. I fa l f o r I n i .1898 $282,037 119,036 $15,481 $103,5551897 275,338 115,382 14,571 100,811
The net earnings are here given without deducting for additions and betterments $15,650 in 1898 and $13,630 in 1898, since these expenditures were not properly a charge against income,—V. 65, p. 1171,
Florida Central & Peninsular RR.—Earnings.—'The earnings of this company show a large increase the current calendar year, partly owing to the transportation of troops and munitions of war. The amount of the increase appears from the following, which we give to rectify a clerical mistake in our I nvestors’ Supplement.
1808. 1887. I 1808. 1897. I 1898. 1893.Jan 1193.127 (180,740 M ay....(826,887 213,185 I Sept...(262, 01 (173.983Feb..... 207,375 186.712 | June ... 297,286 191,065 I Oot.... 220,161 182,311March,. 210,920 213.9791 July ... 271,582 161,979 --------------------------April... 242,522 213,332 | A ur..... 283,177 155,623 10mo(2,551,221 (1,876.192—V. 67,p. 633.
Fort George & Eleventh Avenue RR. Co. o f New York.—Consolidation.—Under this title and with $3,000,000 of authorized capital stock have been consolidated the North End Street Ry. Co., the Fort George & Eleventh Avenue R R Co. and the Fort George Extension Railway. Directors are:
John T. Little, Jr., Ambrose F. McCabe, Frederick C, Garrick, Frank F. Ogs- lon and Sbaron Graham, of Munhaitan ; Clement M. Camming, of Yonkers’: C. A. Gilbert, of White Plains; W. A. Dibbs, o f Brooklyn, and D. C. Moore- head, of Jamaica.
The company is understood to be a subsidiary corporation of the Metropolitan Street Ry. and the line to be built is mentioned under that caption.—V. 66, p. 1045.
Indiana & Luke Michigan Ry.—Sale Dec. 8.—The foreclosure sale, which was recently postponed, is to take place at South Bend, Ind., Dec. 8.—V. 67, p. 788.
International Paper Co.—First Dividend on Common.— On Wednesday the directors declared a dividend of 1 per cent on the $13,040,400 common stock in addition to the regular quarterly dividend of per cent on the $20,530,700 preferred.—Y. 67, p. 428.
International S ilver Co.—Silver-Plated Ware Consolidation.—New Company.—This company has been incorporated under the laws of New Jersey with an authorized capital of $20,000,000, consisting of $9,000,000 7 per cent cumulative preferred and $11,000,000 common stock, divided into $100 shares, for the purpose of consolidating a number of the leading silver-plate companies of the country. The following companies, representing about 75 per cent of rhe total output, are included :
Mcriflen Britannia Co., Meriden: Rogors & Brothers, Waterbury; Barbour Silver Co.. Hart ford; William Rogers Manufacturing Co. Hart ford: Manhattan ■diver Plate Co.. Lyons. N. V.; Watrous Manufacturing Co., Wallingford; Rogers Cutlery Co., Hartford; Meriden Silver Plate Co. Meriden; vvilcox Silver Plate Co., Meriden; Holers A Hamilton* Silver Plate Co.. Waterbury; Norwich Cutlery Co.. Norwich; Standard Silver Plate Co., Toronto; Holmes Edwards Silver Co., Bridgeport.
T‘dal.Common stock.............................................. $3,851,^94Pref. stock (State loan)...............................
Guar, dividends unpaid (60 years).............. 15,/50,000Mortgage 6 p. c. Act of 1*34.......................... 5>.000,00<»
Unpaid interest 64 years........................ . 7.80'*,000Bonds of LS44 (on revenue only).................. 1,699,500
Accrued interest, say.............................. . 4,-48,000Prior lien bonds of 1878............................... 500,000
Accrued interest ( l l years) about............ 330.000Certificates o f indebtedness .......................... (?)
Accrued interest........................................ I?)
in o THE C H R O NICLE . (Voi. Lxvii.
|{ it j.' >j, >rvi to $5 aw.ooo of the preferreml anil $10 ■ ... I . ,{ >u)tttn:) *t **k to a.-unir* the of thu oo-,
m i tin !h- ll*i. anil to bold the remaining $4 00 '.000> pfcjetTed »- il $-1,000,000 cotttmoS stock in the treasury to
pnrcfea*** ether * m i*-* o ’ , »>u*. There will also lie an author- ;:fj unu* of i i t-xl of 0 per cent bond*, of which only $4,150,0 e will be iwsnei a t present. The companies not at pree-rut controlled nr*’ K Wnltace it SJonsManntHCtur- Sng Coujpany, VV illln 1 or- i O, Roger* A Brothers, Meriien: -hii n I I * n , Miller A Co., Wallingford, aud -everalsmaller concern* FP- !*~ silver-plate.I w ire, the new company is e»j>--t* il to be *n important factor in the production of sterling wan*. It is the purpose not to raise prices, bat to restore the fired standard that has yielded large profits heretofore, It i* estimated that the combine will save at, least f i i> -i " • a v-ar through redaction of salesmen aid advertls* ins. The officer* are as follow*:
l*tx»fet-rtaJ Mo-ori lk*5>l, of tb « Wilty»x §Hfi*r 1‘ atinK Ox; let Vlce-Prosl. &rr.i. tic-,,, il Wii-* * oft.n*- Moan.ic-h IJfU*na!a -T ViM J*re*ld<wit. Goo. G*
i A. 11 am-Id,* r th, It-vrr* A i-UcciSn.n t*i*$itur «'>>-; ,Vadlff*r. Orlando b.
t,.i:<- > -■ifv--!' i"-> : Tr*-.a*ttfv’f. i.t-'ii. HalAtMM Tbt.illift*ua *» .: wc-- : ? , *.*■ ?. *.»! i *:o McTiiirn Silver C04 temporary*«**«***-*.. .v J. r»wnc7-— V. «t. O- SttS.
The general transfer and fiscal agents are T nomas & Post, of 7 Wall street. The Continental Trust Co. i* the registrar and trust.-** of th« mortgage. The general offices will be in tit-, Umpire Budding. T1 Broadway, adjoining offices soon to be taken by Thomas & Poet Application w ill be made at once to place the Mcurute* of tne company in the unlisted department of tb- St- -ck Exchange. There are also $3,125.000 bonds to be Famed at the start, toe company reserving the
to | 1,000. bat only for the ac-i of new properties.—V, 67, p. 238.
h '.-i-i- i |li Pittsbnrg -v c u lf Ry.—Canal Decision. | Toe Supreme C.iart *>! Texas has hand-d down a decision in favor of the Port Arthur Channel & Dock Co , in the injnnc-
snit br m /ht v the property holders near Port Arthur. Tin- decision, it i ; -aid, disposes "of all questions in connection with the completion of the canal which is in course of i-instruct ion at Port Arthur to connect the terminals of the Kansas C itv Pittsburgh & Gnlf Ry. with deep water, a distance of 6! j miles. The Port Arthur Channel & Dock <*.*. ha-1 the -m i! well under way when the work was • i**;»r-*xi by an ioj nnctioo granted by a Jeff arson County court. • I: «•«« BwwKuy t condemn the land for the canal, and the right to do this under the charter was questioned. The de- cinon of the Supreme G >ur , it is understood, ends the mat- t*-r, and makes It possible for the canal company to push the work 1 m. The canal Is practically finished for adistance of miles.—V. 67, p. 1054.
Knickerbocker Ice Co., Chicago.—Bilance Sheet.— The co npanv has b*eu completely reorganized, in accordance wiL-j to- pl us dr-.ily inoonn -d, and has acquired all com- *i m the icv business in Chicago with the exception of two of minor lapsrt.iax* The company owns real estate va l'i-l *t $ i.owi on, also -17miles of railroad sidings. The
r - plant i* valued s’ $8,303,343. Tne following is the butane*.- sheet Sept 30. 1898 :
OAt.txoB siiK tr s k it . 30, 1898.A $*ti+—
___ *...$$,203,3*3Aif<«fl8U» , 324,809Cash fi» h ♦»<! .V i » b*uk 712,Mil*> 3i»p3AM o n lit ©o*i 119.3 (7
L ia b ili t ie s ~ ProfwrrMl Mtock.. Common stock ...Road*__ ... ......Account* payable Intereftl on bonds. Profit,..................
T-MU 300,130 i Total~V , 67, f». 730.
$3,000,000 - 4,000,000
1,000 000 247.00M
40 000 473,187
$9,300,190
l.xfc*- shire Ic Michigan Southern Ry.—$754,000 SKfs i -Tnv New York Stock Exchange has listed $754,000 m »1 8 U percent 109 year gold mortgage bauds of 1997,
making total amount listed to date $28,166,000,—Y, 07 p
I-elilgh A II ad sun Rh i-r.—<P oir/er/p.—Earnings for the qts trier ending Sept 30 have been reported:
3 M * * i b emdinff l i m n .W l f n l r r e r ijftpt, 3C-. r*, ruin at, ,.v Bnlrviee
........................... 3 M M * # f '2,-833 $36,841 87 o i it a »7 ----------------- . . . . . , « M I S H M » 33.631 21.314
i sn*and bill* payableSejit. 30,1898,$10,000.—V. 67, p. 788
M aah lit »n Railway. -.55 «* Pir* Pr^ndent.—At a ui-ctTng ■ d r- t ir* tiit.» '.v —it Aifr -1 Skttt. O *nerai Manager of the
V-1rV Ceatrat'a lighterage department, was elected Vice P !• *>t ttil a dir«- ■ tor >f M «uhct*n it id w iv, su csedtrig B M O t l l m f m \’ ii>* Pr-sident and A iuoh L Hopkins as direct if The new Vice-President will have charge of the flaan- t-ti >nd other tnsnagunent of th« property, a* did the h !"C > l. F. K Hu*, exr«pt- that Qsnerml Manager Pransioli win. *s heretofore, atb-nd to the aettve mechanical management of the Hoe*,—V, 67, p, 1053, 1055.
MrKve*port lias ini|iroTi*mi-nt Mnrtan c Filed.—The * -111,0 -0 ha* made a mort gage to th” On scanty Trost Company of N «w York a* tro-toe, to secure $50 (,0<(0 bonds, The tiusiore*. i* is understood, is allied with that of the United € i't» ,v « } » » r--i,, embracing the manilfictare of coke, gas -r 1,-1- ?.i ;,r ,5*. t* a* ( j as sport vmat two mile* above Mr K -sport r*n the Mooongihela River. The intention is ssid to K- oi-’.-iistetf to make gts for the Consolidated Gas Company of PtUsbarg.
Metropolitan Street Ry. o f New York City.—Th ird Avenue RR.— Propose t Extension*.—These companies have presented simultaneously to the Council and the Board of Aldermen petitions for extensions which indicats anew the amicable agreement existing for a division of the streets over which the co nptnies wish to operate. On the Bmlevard, from Manhattan Street to 182J Street, the cars of both companies are to run over the same tracks, but there are to be different slots through which the power is to b - transmitted, t was decided in both houses of the Municipal Assembly to
bold a public bearing on the matter next m mth. Tbeexten- sions and connections asked for in the petitions are as fo llows:
W'tropolitan Street /MUiiwm.—F ort- GsiJCffo -V Eleventh Iv -in u e lK l.Boulevard or 1 itU \ vonue from Manhattan Streotto Sfroet.1-4nth Street from Boulevard to the Harlem River, Mew York ic Harlem HR,,
Eighth Avenue RR. and M intmtt in 8treat Ry. Co.. 135th Street from I f v.llsoa to Eiffhth Avenue,
Third Avrnw HnUroud,Kinus'iridtre Ruilroad Comi»any.Boulevard from Manhattan. Street to junction o f Klngsbrldge Road, ICiHh
StreetBoulevard. Khigsbrldeo Road from tdSnd Street and Amsterdam Avenue to
BpttVten Dujvll, to th Street, to Rlverdale, to the City line.Third Avenue Railroad and Union ailway.Extension at 155th Street to Amsterdam Avenue, east over 155th Street v ia
duct to the Mao mill's D m Bridge and aeryiss -ame to’-Jerome Avenie. there t } connect with the Union trolley extension at ISisfc Street and Amsterdam Avenue, east over Washington Bridge to Jerome Avenue, couueoting with the Union trolley.
So ittuT’i HnilUvard flnU oau -Extension from Southern "Boulevard and Boston road northwest through 20,th Street to Jerome Avenue, con ueei in/ with the Union Railway,
Union llavuHib [in addition to above).—Extension from High Bridge north through Sedgwick. Cedar and Ballev avenues and 2 list Street to Broadway at Ringshridge. to join the Southern terminus o f the Yonkers trolley road recently built In BroadAYiiy.— Y. 07, p. 950, 1053.
Mexican Central Ry.— Mexican National HR .—Tragi • Agreement.—The report, of the Mexican Railway Co. for the year ending .Tuue 30, 1898, says: “ i he pools covering com petitive traffic under the Mexican Traffic Association have continued in operation during the half year ended Jane 30 last, and the suoarate pools between the company and ths Inter-oceanic Railway have bdeu renewed until Jnue, 1899. The pools between the four railway comp mies expire at the end of this year, and the question of a new agreement for 1899 is to be shortly considered.”—V. 67, p, 634; V.60. p. 760.
New York Central & Hudson R iver R R .—Exchange of Bon is.—J. P. Morgan & Co. and their London firm, referring to their previous circular of July 26r.h last, announce that their offer to exchange various New York Central & Hudson River RR. bonds for the new 3t£ per cent gold mortgage bonds, due 1997, of the same company, now give notice that their offer to make such exchange will be withdrawn after Monday, 2dth inst. Holders wishing to make the exchange of old bonds for new can do so on terms which w ill be made known on application at the bankers’ offices.—V. 67, p. 737.
New York Ontario & Western Ry. Co.—Bonds nailed.— The $5,600,000 consolidated first mortgage 5 per cent gold bonds of 1889 were this weak called for payment. They w ill be redeemed at 105 and interest on June 1, 1899, up on presentation at the company’s office. 56 Beaver Street, New York.
Option to R -f an i.—Kuhn. Loeb & Co. offer to the holders of the consols thus to be redeemed the right to refund their bonds into 4 per cent refunding mortgage gold bonds due 1992 of the denomination of $1,000 each. Holders desiring to refund will receive in exchange the 4 per cent bonds and a difference of per cent in cash (interest to be adjusted as of Jnue 1,1899.) upon surrender of their bonds to the Mercantile Trust Co., 1 '0 Broadway, New York. Oa the retirement of the consolidated 5 per cent bonds, now called, the refunding mortgage 4 per cent bonds will become the first lien upon the entire property. See further particulars in our advertising columns,—V. 67, p. 1004.
Northern Pacific Ry.—-SI.777,000 Prior Lien Bonds Listed. —The New York Stock Exchange has listed $1,777,00 I addi - tional prior lien railway and land grant t per cent bonds, mak - ing total amount-listed to date $-17,901,000. These bonds have been issued to redeem general first mortgage bonds of the Northern Pacific RR Co., either drawn to the sinking fund or deposited with the trustee as additional security for the new bonds. The total amount of these underlying bonds now outstanding is $7,020,000 exclusive of those called for redemption,—V, 67, p. 1055.
Northern Pacific Ry.—Oregon RR. & Navigation.— Olear- imter Extension.—For stock market purposes much lias been made during the week of the differences supposed to exist between the Northern Pacific and the Oregon RR. & N av i- g ’tion regarding the construction of road in the Clearwater Vallt-v country in Idaho. The matter, which has been magnified ont of all proportion to its importance, it is understood is in a fair way of adjustment.—Y. 67, p. 1056, 1055.
Ogdensburg Sc Lake Champlain HR*—Quarterly.—Earnings for the quarter ending Sept. 30 have been reported :3 m o*, en d in g Gross O p era tin g
Sept. 30— ea rn in gs . expenses.189H.„., . ...... 217 $14',1571897................. 201,041 140,319
N e t O ther N e t f o r i n t . tea rn in gs , in co m e , taxes. <£c. $50,000 $1,565 $57,625
00.722 1,400 62,122Tbe amount paid for taxes for each of the quarters was
$3,109.—V. 67, p. 1056.
Pennsylvania S il l Manufacturing Co.—New Stock.—The Philadelphia “ Times” says: “ The company has decided to issue 10,00 i new shares of a par value of $50 to present share-
N ovem ber 26, 1898. j T H E C H R O N IC LE . 1111holders, for the purpose of enlarging the plant and pnrchas ing raw material. The outstanding stock now amounts to $1,619,150, and the additional $500,000 will increase it to $2,- 149,150. As the bonded debt of $344,000—due January 15, 1900—has been provided for by a sinking fund, and will be paid at maturity, the actual capital increase is, therefore, only $156,0 0. There w ill be no change in the dividend rate of 13 per cent per annum, and the new stock w ill participate in the dividend in October, 1899.” Dividends of 12 per cent yearly, it is said, have been paid since 1883.
People’s Das L ight & Coke Co. o f Chicago.—The report to the City Comptroller as to the gross receipts from sales of manufactured gas to private consumers for the third quarter of 1898. and also the rep»rt for the nine months ending Sept. 30, in comparison with same periods of previous year:
18981897.
3 Mos. to Sept. 30. ....$1,158,934 . . . . 1,045,580
J a n . 1 to Sept. 30. $3,776,622
3,563,787
These figures do not include natural gas or the Mutual Fael and Universal plants, but they do embrace the greater part of the business of the People's Company, and therefore indicate in a general way the trend of affairs as compared with last year.
New Stock.—A circular to stockholders announces an increase in the capital stock from $25,000,000 to $30,000,000. Of the $5,0n0,000 new stock $3,750,000 will ha issned ac once. Stockholders of Dec. 10 w ill have the right to subscribe at par to the extent of 15 per cent of their present holdings. The cir«- cular says :
“The proceeds o f the stock issue are required: (1) For the extension and promotion of the sale of m anufactured gas for fuel purposes, which is now being v igorously pressed; (2) For the exploitation of natural gas, under an arrangem ent reached whereby the com pany is guara teed a minimum return o f 7 per cent upon all moneys so e x pet ded; ( ) To secure fo r the com pany its suppL of oil and naphtha, the principal materials required for the m anufacture of gas. at largely reduced prices; (4) To pay for im provem ents and betterm ents which wiU increase the efficiency and earning pow er o f the company. F u rther details o f the foregoing m atters w ill he submitted to the stockholders in the forthcom ing annual report o f the com pany for the year 1898.
“ It Is the judgm ent o f the directors that the policy now adopted of providing fo r capital expenditures through the issue, and sale to the stockholders at par. o f the stock of the company, in lieu o f an increased issue of bonds and the consequent increase of fixed charges, is nor only » sound and conservative one, but that under this policy the stockholders w ill obtain. In the most direct and most advantageous way, the benefits o f the economies and increased earnings which w ill result from the expenditures above outlined.’*—V. 67, p. 1056.
Pittsburg & Western Ry.—Pittsburg Cleveland & Toledo.—Loan of S500,000.—Thomas M. King, receiver of the Pittsburg & We.tern, has received permission from the United States Circuit Court to borrow $500,000 from the Pittsburg Cleveland & Toledo Railway Co., on 6 per cent receiver’s certificates. The proceeds o f the loan w ill be applied to necessary improvements and for general expenses.— V. 67, p. 1052; V. 65, p. 1169.
Richmond & Petersburg—Petersburg—Atlantic Coast Line RR. o f V irgin ia.—Consolidation.—The Richmond & Petersburg and the Petersburg stockholders on Monday voted to consolidate under the title of the Atlantic Coast Line RR. Co. of Virginia.—V. 67, p 843.
St. Lonis Cape Girardeau & Fort Smith Ry.—Cape Girardeau <& Southwestern RK.—Purchase of Underlying Hands. —The $1'‘8,500 underlying bonds issued by the Cape Girardeau Ry. have all been secured by the reorganization committee, of which Mr. Newman Erb is the Chairman The St. Louis Iron Mountain & Southern held $78,500 of the bonds. This clears the way for the foreclosure of the Cape Girardeau & Southwestern consolidated mortgage.—V. 63, p. 407.
(issued against deposit of bonds of the $225,000 issue of 1894) it w ill give $1,000 in common stock and $1,000in first m ortgage 5s for each $1,000 certificate. F ifty per cent of all of the common stock taken pro rata from all who are entitled to it under this plan will be placed in the hands of three trustees, to be held by them for the purpose of voting the stock for a term of ten years. A ll the property transferred to the new company is to be free and clear of all encumbrances excepting said $185,00 > of receivers’ certificates. Of these $149,n0O are outstanding against the Union. St. Ry., the balance being on the Consolidated Street Ry.—V. 67, p. 843 ; V. 63, p. 794.
San Francisco * North Pacific Ry.— Purchase of Stock.—President A. W. Foster and Director George A. New hall, it is reported, have bought the 32,000 shares of stock owned by other parties, and with the 28.000 shares already owned are in absolute control of the road. The purchase, it is stated, w ill not affect the lease to the California Northwestern.—V. 67, p. 788.
Southern Pacific R. R. Co. o f California.—Bonds Listed. —The New York Stock Exchange has listed $10,000 000 “ first consolidated guaranteed gold 5 per cent coupon bonds, stamped, 1905-37,” and has reduced the amount of consolidated gold fives of 1937 from 819,671,000 to $9,671,000.
The $10/ 00,000 of guaranteed bonds are made subject to call at 1074a and interest on and after April 1, 1905, uoon six months’ notice. The total issue under the consolidated mortgage (other than bonds issuable against underlying securities) is limited to $30,000,000. This and other restrictions are is set forth in a supplementary mortgage, v iz .:
(A ) The total maximum issue o f bonds unler the mortgage o f Sept. 15,1893, (other than the bonds provided to be issued against underlying securities) shall not exceed $ tO.ooo.oOw.
(8 ) The company will keep with the trustee o f the mortgage a register of the rolling stock subject to its lien, and will so mark the equipment as to identify the s irae.
(C) The sinking fund aopropriationa under the mortgage shall be used only to redeem bonds Issued hereunder.
(□> The company will not Increase its mortgage indebtedness under any of the mortgages of the Northern liy. Co., the Northern California Ry. Co. and the California Pacific RK. Co.
E) In case, by the execution of any additional mortgage, the comoany shall increase the aggregate amount o f its mortgage i (indebtedness, except for newly acquired property, the bonds made redeemable at 107 and accrued interest on and after April I, 1905, and whose conponsVbav** been mad $ payable in Berlin and Frankfort at the rate o f M. 4'2o for each dollar, shall be included among tee bonds secured by such additional mortgage, and shall be entitled to participate pro rata in 'he security given by the additional mor'gage.
(F> Until completion of the Southern Pacific Coast Line from Surf to Elwood, the bonds issued under the mortgage o f and to be issued t hereunder (ex oept those issued against underlying securities or in respect of the Southern Pacific Coast Line) should not exceed $2d,d00,0) .
(Q) The Southern Pivltio Company agrees that the mortgage of 18>3 shall have priority o f lien upon the property mortgaged over all the rights o f the Southern Pacific Comoany as lessee thereof.
The foregoing provisions o f this Sup dement to the Mortgage (except those contained in subdivision E) all inure to the benefit o f all bonds issued under the mortgage of 1891. woatber stamoed as redeemable on and after April l, 190>, or not.-V. 67, p. 1052,1050. 1062
Staten Island Rapid Transit.—Reorganization Notice.— The New York Committee, J. W . Davis, Chairman, now represents the first mortgage 6 per cent bonds dne Jan. I, 1913, that were recently on deposit with the Investment Company of Philadelphia, that company having withdrawn in favor of the New York Committee. Tne committee announces that a large proportion of this loan has already been deposited with the Guaranty Trust Company of New York, and that the time for receiving additional deposits has been limited to Dec. 5.—V. 67, p. 1056.
Terre Haute & Logansport, RR.— Sold.— At the foreclos ure sale on Nov. 18 W. H. H. Miller, representing the second mortgage bondholders, bid $750,000, J. T. Brooks, of the Pennsylvania Company, $775,00 *, and so gradually the bids were increased uatil the property was knocked down to Mr. Brooks for $1,060,000. There was $137,000 of accumulated rental fund which, added to the purchase price, provided the necessary amount, viz . $1,185,000 to give the bondholders par and interes and interest on int rest and also to meet the expenses of foreclosure.—Y. 67, p. 902.
Saginaw (M ich.) Union Street Ry.—Union Street Ry. - Saginaw Valley Traction • o.— Inter-Urban Ry. R eorgan ization and Consolidation.—The Eddy reorganization commit tee issued a plan of reorganization and consolidation under dateofNov. 1.1898. This plan has received the affirmaiive consents of the holders of more than two thirds of the bonds of the Saginaw Cuion Street Ry., represented by the Trust Certificates. issued under the agreement of March 25, 1897, and is therefore declared effective.
The plan provides for the consolidation of the Saginaw Union Street Ry.. the Saginaw Consolidated Street Ry. and the Inter Urban Ry,, the last named being an electric r >ad 14 miles in length, connecting Saginaw and Bay City. The consolidated company will be known as the Saginaw Valley Traction Co. and will be capitalized as follows :Commrm tto 'k ................................... .. ................................ <1 to0.000Of whioh as part consideration for Union Street Ry .............................. 20" ooo
do do do do Inter-Urban Ry. .........................21-.000do do do do Saginaw CoiiftOlidated St. Rv. _____ 225,uOO
r*frrr*d mock, 6 per cent cumulative, preferred both as to as sets and•dividends. ... .................................. ................409.000f which as part consideration for Union Street Ry.............................. 325.( 00
do do do do Inter Urban Ry................................. 50,000Reserved for reorganization expenses, etc ........................ ............. 25.000Firm misrt.oage 5 ner cent gold bonds .............. ........................... ..... -5",000Of which a« part consideration lor Suginaw Consolidated Street Rv. ... 2*5,000
do do do do Inter Urban Ry ....................... 21",000To be applied to payment of $'85(hx* receivers’ certificates, to purchase
of new equipment and for Improvements .................................... 290,000To be held In escrow to r additions and Improvements...........................125,000
This will give to each holder of the present Union certifi- cates (if sued against deposit of bonds of the $325,000 issue of 1891) $1,000 of preferred stock and $800 of common stock in the new corporation for each $1,000 of the certificates which he holds. To the holders of Saginaw consolidated certificates
Toledo St. Lonis & Kansas City RR .—New Receiver.— Judge Taft yesterday accepted the resignation of Receiver Pierce, who resigned because or ill health, and appointed Samuel Hunt,of Cincinnati, President of the Cincinnati Portsmouth & Virginia RR. to be receiver in his stead.—V. 67, p. 957.
Tradesmen's National Bank o f New York .—Liquidating Committee—Comptroller Dawes has appointed D m d H. Bates, W. Wolverton and Julius Kaufm in i a committee to take charge of the liqui la’ ioa. Tne bank must be open for this purpose on or before Dec. t. The receiver, the Comptroller states, has on hand $1,690,000 in cash and quick assets amounting to between $809,00) and $700,000 additional, so toat all depositors will be paid at once in full, except those who consented to an extension of four months, and even these, it is exp°cted, w ill be paid before the expiration of that time.—V. 67, p. 1004.
United States Electric L ight Co. o f Washington.—Option on Stock. - An option upm the stock at 120 has b-en in circulation for the past few weeks, and it is said that a majority of the stock has been secured. The stock has been paid for in drafts upon the National Corn Exchange Bank of New York City, and the party said to be managing the purchases in this city are Mr. Mearns, ol Lewis, Johnson <S Co., and Mr. StUson Hutchins, At tue aauual election for directors on the 9thiost the following gentlemen were elected for the ensuing year, viz.: A. A. Thomas. Stilson Hutchins, S. W. Tullock, James L. N irris, W H Slater, Samuel J. Butterfield, John Cammack, Charles C. Duncauson, Clirenoe F. Norment, Charles Werner an 1 George W. Pearson.
THE CHRONICLE. [V ol. L x v n .1112
Rjr —, of tW Union P*■>» m foieclowuft* Nov. iy
Am i,,y E. C. Henderson, Of New YoThe Dtmrer LMdvi
m under foreclosure on Novea mSm1 ^ Bith *.4$l**« wt>r<* confirm
•ral w\l\ |*«* f*>HIowihI bv teor^soitAtlon oti&der the title of tbe CoiorA-io ^ 8ot
r*l 67, p. 748. .lull's bar j branch 1L m m \ over to th-» Union Pacific RE. The tera i* eh! to imiifti $ i! *000,000 common
!oajpo*
icifio Denver & and purchased rk. for the reor- lle & Gunnison inber eighteen,
,500,000, ______ _ jutd the s1___
Stock and a thirty-year 4 per cent gold
The stains of this road has not been s ,m.- cgotlaiioas have been going on
on Pacifta for the trading of several branch ic the Ca-vcnne & Northern, running 184 miles fu-venue, but no agreement beyond thnt for the
.lub sbnrg branch has as y*et been reached. , i f . , . -The re»rcaolz*tioa’ syndicate man-
eld t*> K-iiO. Van Cortlandt & Oo.the $1,250,- ,V s mtheru first mortgage 1 per cent bonds be- - syndicate. The managers have likewise disks of fir-t and second preferred stocks taken by
On' f ' tmtr ii. -Th>- common, first preferred and second preferred share* of the Colorado & Southern were admitted to
list#*» !,.*, srtmetif of the New York Stock Exchangeon ToeeJay.—V. 67, p. 1004 : 957.
t'niriu Tobacco Co.- Stock Paid Up.—The company has seed n certificate in the office of the County Clerk stating that the number of directors has been increased from three to nine, and that more than half of the $10,000,000 capital stock ha« been paid in. It is understood, in fact, that over three quarters of the capital stock ha3 been paid in and that Thomas F. Evan, W. L. Elkins, P. A. B. Widener and Thomas U dun, have secured a controlling interest in the
panv is reported to have purchased the National Cigarette Company, the leading rival of the Trust in the cigarette manufacturing business.
The Union Tobacco Company was incorporated about a month ago at Albany with a capital of $10,000,00 l, of which f_V«>* a <• is pr- ferred and $8,000,000 common stock. The preferred stoek is to receive a non-cumulative 6 per cent dividend.—V. 67, p. 905.
Wesllnchouse Electric A Manufacturing. — Debenturesw issu ■ of $8,500,000 of 5 per
cent gel 1 coupon debentures. $500,000 were offered for sale this week by a Pittsburg bank at 10344 and interest. The following facts are given regarding the loan :
r w « * * - f r*r n t**t wsfat cvtTspo»» ftt>« of tax, iMued.b; tbey « f ■ s - , - > t • • • t N*-w V1 ■ t k r;"t th« iK.mtl of tbe Weatlnghouse Blee-ir< A Min'!3*.--so-trii- > i%»u<-r !•:;.% w,ooo. denomination 11.000; interest
►mpany, which ona-, <>. :<■*. cjriudT.- .? en»Ttcr», franchises, uood will etc.. ajtKre-
7 bCs-tdgtr tract t 'f - v: by amvh* oureament. and by proper instruv ut . r s in i t»o rum • »«•$ • "flnin-. \ jmr tliore fUttll be no lien placed upon
«fcr-.rv.-rr:$**.n,t » «.-** fttttj.fr r»-al tMitate «r oi her i half does not providef'-'T 8*-.v-*w .ivbrnitstvs C< mtapfiDni’ )*>•', the pronpauy shall pay to tbe trustee,
! 0 yearly For i be purpose«»? I*?* • hiiiinr fund lUv cooii^n? may draw dolwntun-s by lot, nml tbe tleben-
!f *w i *. ! T-;-r »>. -.v* 11!j ttoenu'd interest./: sr*-, v*<)» Tt»* firn iE ft for ft •• « i i nooifn* cndins September $0. ISU8, wore:<*' * V KMb'f int. Jntrrrs*, Fund. B>1 Surplus
» *1I»* « “e ,* *- ti wviihiof !u«d U r • arv* for «ix m<»bUi* on the entire Issue of fst,.
m tu m <KftisiiMi 1 m ,.WllltUB Cramp & Sons Ship & Engine Building Co.—
tH~id--.,nm i;< nimid. ■ The company has declared a quarterly dividend of 11; jot c-nt, payable Dec. 16th. Dividends were f . "1 * ud»*l lu ! »;r. to pay floating d -bt. The amount paid was 7 per rat in It r cent InlSM andlO p< r cent in 1893.
VVl* Central, jVnc Equipment,—The $1,000,000 of ■ ■•'•ntly anthorixed, it is stated, w ill »•* of new equipment, including 1000 i cars, loo furnitnre cars, 25refrig- csra. One object of the issue, we enable the receivers to dispense with in:[linen* heretofore operated at an I und“ r lease from tbe Central Car hose capital stock is the chief asset of ov-mi'int bond# of 1891. (See V. 66,
•f the fire at 73
last.Plato Bank,• per cant forT ub sum of
*ton, New York and r quotation sheet, on ids. About, six httn- Ittoted. Copies may
a basis to pay 4^ per euue Railroad Co. of londs due 19$4, Tbe the? authorized mort-
by the Nassau
3Rhe (Commercial ^imes.C O M M E R C I A L E P I T O M E .
F r i d a y N ig h t , November 25, 1898,The observance of a mid-week national holiday has had a
tendency to interrupt business to some extent. A sey ere snow storm has been experienced in the Northwest and „ his also has had a tendency to interfere with general bnsin ess activity in that section of the country. A t the close o f the week the more wintry weather had been experienced in practically all quarters of the Republic. Confidence in the general business situation has continued quite pronounced and in speculative circles the general tendency of prices has been toward- a higher basis. A continued active export demand lias been a feature ia the markets for breadstuff a. Reports from the South to the effect that indications are that the cotton crop has been somewhat over-estimated has attracted slightly more outside speculative interest. More favorable progress has been made by the Peace Commissioners at Paris and at the close of the week indications were that an agreement had been practically reached.
Lard on the 3pot has had only a limited sale. Early in the week prices advanced, but at the close, owing to the slowness of the demand, prices weakened slightly, closing at 5'27kfc. for prime Western and 5c. for prime City. Refined lard has advanced, but the close was quiet and easier at 5 55a. for refined for the Continent. Speculation in lard for future delivery has been moderately active. Early in the week prices advanced on a demand from shorts to cover contracts and buying by outsiders. Subsequently, however, selling by packers caused part of the improvement to bis lost. The close was quiet.
DAECY CLOSING PRICKS OP LA&D FUTURES.Sat, I fon . Fues. Wed. T h u n . F r i .
November delivery....o. 5*22 5*30 5*37 5*32 Hoi. 5*30Pork has been in fairly active export demand for the W^st
Indies, and prices have held steady, closing at $8 50@9 00 for mess, $U@11 50 for family and $il@13 for short clear. Cut meats have had only a small sale, and prices have been easier, closing at 5%®6c. for pickled bellies, 14@10 lbs. average.
for pickled shoulders and 6^@7t^c. for pickled hauls. Beef has been quiet but steady at $8 50@9 00 for mess, $9@10for packet, $10 5 'l@ ll for family and $14@15 50 for extra India mess. Beef hams have been dull at $19. Tallow has been quiet, and the close was easy at 3J£c. Oleostearine has been quiet and easier at 5@5}-£c. Lard stearins has advanced to 8%e. for prime City. Butter has had only a limited sale, but prices have held steady at 15@23>£c. for creamery. Cheese has been in fair demand and firmer, closing at 7@10c. for creamery. Fresh eggs have been firm, closing at 33J£@24c. for choice Western.
Brazil grades of coffee have had a more active distributing sale, as the country trade has been a better buyer and has paid full values. Invoices have had a limited sale at firm prices, closing at 6^c. for Rio No. 7 on the spot. West. India growths have been in moderate active demand and steady, closing at 7J^c. for fair Cacuta. East India growths have been quiet but steady. Speculation in the market for contracts has been quiet, and no important changes have occurred in prices, they closing firmer on a light crop movement aud European buying. Fo llowing are the final asking prices:Nov...................5*35c. I Feb................ . 5*65e. t M ay .................. 5*S5o.Duo............. 5**10o. M ar.................. 5*75o. I Ju ly................ 5*95c.Jan................... 5*50c. ) April................ 5*80o. I Sept.................. 6*10o.
Raw sugars have been sparingly offered, and sales made have been at higher prices closing firm at 4V£o. for centrifugals, 96 deg. test, and 4c. for muscovado, 89-deg. test. R efined sugar has been quiet, Monday urices were advanced 1-lGc., but to-day they were lowered l-16c., closing at 5?^c. for granulated. Spices have been in fairly speculative demand and pepper has been higher. Molasses' closed firmer.
Kentucky tobacco has been quiet but steady. Seed leaf tobacco has had only a limited sale, hut values have held fairly steady. Sales for the week were 1,280 cases, as follows: 300 cases, 1897 crop, Wisconsin Havana, 9(5Sl2c.; 300 cases, 1896 crop. Wisconsin Havana, I0@l2c.; 100 cases, 1893 crop, Wisconsin Havana, ll% c.: 100 cases, 1897.crop, Dutch, 17@ 18 *.: 150 cases, 1898 crop, Pennsylvania seed leaf, 13c.; 140 cases, 1897 crop, State Havana, ll@16e.; 40 cases, 1896 crop. New England Havana, 30@40c.; 150 cases, sundries, 0J^@18c.; also 175 bales Sumatra tobacco, at 85c,@$1 65, in bond, and 350 bales Havana at 66@90e., in bond.
Straits tin has had only a limited sale, and under moderate offerings prices have weakened to 17 80@17 85c. Ingot copper has been qniet, but values have held fairly steady at 12*75® 12*85c for Luke. Lead has sold slowly, and prices have weakened to 3*7i>c for domestic. Spelter has been firm but qniet at 5*25@5*30c. for domestic. P ig iron has been less active, but prices have been steady at $10 25®$11 75 for domestic.
Refined petroleum has been steady, closing at 7*30o. in bbK 4'80c, in bulk and 8*05c. in cases; naphtha firmer at 7*50c. Crude certificates have been steady, closing at *1 12K : credit balances have been unchanged at $1 15. Spirits turpentine has been firm and higher, closing at 39J£ m 40c. Rosins have been dull and unchanged at $1 4S@1 50 for common and good strained. Wool has been quiet and unsettled. Hops have been quiet hut steady.
N ovem ber 26, 1898,] T H E C H R O N IC L E 1113C O T T O N .Fr id a y N ig h t , November 25, 1898
T he Movement of the Crop, as indicated by our telegrams from the South to-night, is given below. For the week ending this evening the total receipts have reached 422,057 bales, against 416,642 bales last week and 449,742 bales the previous week, making the total receipts since the 1st of Sept., 1898, 4,014,304 bales, against 3,741,881 bales for the same period of 1897, showing an increase since Sept. 1,1898, of 272,473 bales.
R ece ip t* at— Sat. M o n . T u e t. Wed. T h u rs . F r i . Tota l.
Galveston........ 20,189 30,608 20,600 20,254 18,018 19,010 128,679Tex. City, &e. . . . . . . . . . . . . . . . . . . . . . . . . ........ 9,984 9,994
New Orleans... 16,996 20,725 2 1 ,8 8 8 14.084 9,318 9,336 92,347M obile............ 1,674 1,933 3,218 650 1,493 1,868 10,836Florida......... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,626 17,626Savannah........ 8,652 5,905 13,697 7,654 3,100 5,793 49,801
Brunsw’k,Ac. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,215 11,216Charleston...... 8,723 4,221 2,198 3,099 3,455 2,616 24,312
Pt. Royal,&o. . . . . . . . . . . . . ....... ........ ........ 189 189Wilmington___ 2,395 2,125 3,047 2,730 4,303 14,605
Wash'ton, &o. . . . . . . . . . . . . . . . . . ........ 43 43N orfo lk ........... 4,920 6,020 7,789 5,985 5 ,4 7 7 3,915 34,106N ’p’t News, Ac. . . . . . . . . . . . . . . . . . . . . . . . . ........ 2,203 2,206New York...... 1,279 1,548 2,001 1,311 2,960 9 .1 0 2
1,009 4,983 2,178 5,872 641 14,683Baltim ore....... 1,003 1,008Philadel’a, Ac.. 466 71 414 269 91 1,314
Tot. this week 66,303 78,139 77,033 61,908 46,502 92.172 422 057
The following shows the week’s total receipts,the total since Sept. 1,1898, and the stock to-night, compared with last year.
R ece ip ts to N o v . 25-
1898. 1897. 8tock.
T h isweek.
S in ce Sep. 1,1898.
Th isweek.
S in ce Sep. 1, 1897. 1898. 1897
Galveston... 128,679 1,230,271 102,052 1,014,560 349,313 230,822Tex. C..&0 . 9,934 31,337 3,143 23,638
New Orleans 92,347 863,616 131.159 917,068 353,6 3 290,535M obile ........ 10,836
17,62649,801
13 3,326 • 81,028 619,600
17,106411
137,88936,986
612,034
53,871 39,236
Sava m ail... 40,543 172,799 127,221B r’wick, Ac. 11,216 131,460 7,913 101,170 15,59 7 17,033
Charleston.. 24,312 245,972 17,955 276,547 62,635 49,315P. Royal. Ac. 189 18,960 143 35,163
Wilmington. 14,605 203,403 11,723 202,740 29,387 30,569Wash’n, Ac. 43 865 28 657N orfo lk ...... 34,106 286,047 41,754 233,998 80,997 71,593N ’purt N.,Ao 2,206 13,330 243 6,933 3,331 415New York... 9 ,1 0 2 37,826 3,518 8,817 100,579 94,638Boston........ 14,683 89,131 9,569 47,481 30,000 23,500Baltimore. . 1,008 6,671 2 ,9 4 7 15,974 11,918 19 991Philadel.Ao. 1,314 13,447 2,803 24,933 7,086 11.131
Totals...... 422,057 4,014.3 )4 396.053 3,741.831
CCIf'00 1,012,604
In order that comparison may be made with other years, we give below the totals at leading ports for six seasons.R ece ip ts a t— 1898. 1897. 1896. 1895. 1894. 1893.
Galves’n,Ac. 138,063 105,198 69,159 39,254 87,711 53,986New Orleans 92,347 134,159 88.491 75,956 129,054 86,947M obile........ 10,836 17,106 16,937 9,833 14,355 10,036Savannah... 49,801 40,549 44,509 20,356 24.784 39,71*Ohas’ton, Ac. 24,501 18,093 15,017 11,472 29,249 24,927Wilm'ton, Ac 14,648 11,751 12,591 9,020 14,802 9,121N orfo lk ....... 34,106 41,754 36,822 10,102 32,709 31,730N . News, Ac. 2,206 213 899 9,116 19,293 19,477A ll others... 54,949 27,196 29,101 14,424 14,264 21,0 j9
Tot. this wk. 422,057 393,053 313.526 199,533 365,220 296.931
Since 8ept. 1 4014.304 3741.H31 3554,97112460.550 3749,016 2993.650
The exports for the week ending this evening reach a total of 273,362 bales, of which 118,876 were to Great Britain, 40,936 to France and 116,550 to the rest of the Contiuent. Below are the exports for the week and since Sent. 1. 1898.
Export*from—
i f eek Ending Nov. 25,1898. Exported to—
From Sept. 1,1898, to Nov. 35,1898.BxnorieA to—
GreatBriPn.
France Continent.
TotalWeek.
GreatBritain. France Conti
nent.Totcu
Galveston..... 19,372 34,007 0,288 89,007 495,592 100,807 162.081 824.480Tex. City, Ac.. 0.014 763 7,407 11,802 6,169 10,971New Orleans.. 14,6-10 6,088 16,494 37,232 290,515 70,833 150,3 3 523,731Mobile. ........ .. .. ....... 00,200 8,671 08.871Pensacola..... 10,998 6,434 17,453 41,150 2,916 80,9 *2 75,097BArannah...... .. ... 24,970 24,970 20,568 11,610 254,571 293,756Brunswick — 14,941 14.941 67,324 44,460 111,784Charleston— 14,031 14,061 38,919 90, 129,737Port Royal— 18,138 10.138WilmlngtoQ... 9,720 18.319 28.C09 74,272 101,20 * 175,511Norfolk......... 715 2,297 3,012 11.170 12,750 23,930N ’port N.t Ac.. 1,016 1,010 9,310 9,310New York...... 12,059 841 8.382 21.182 8 J.05W 0,908 79.382 108,349r oston.......... 12.191 12,194 92,187 180 92,317Baltimore...... 2,9 >1 2,991 32,740 23,479 55,219Philadelphia.. 1,00) 1,000 8,8 V) 8,850San Fran.. Ac. 208 750 958 2b8 10,950 11,104
Total..........Total, 1897...,
11H.876
fcfi.15540,936 j 116,550
9,90411100.3*»
2? 0,312
905,491
1,300 910 205,173
l.1*9,nnt 300.430
980,101 2,605.234 T < 0 '* 'O 2,421.230
In addition to above exports, our telegrams to-night also give us the following amounts of cotton on shipboard, not cleared, at the ports named. We add similar figures for New York, which are prepared for our special use by Messrs. Lambert <fc Barrows. Produce Exchange Building.
N ov. 25 at
ON SHIPBOARD, NOT CLEARED FOR—L e a v in g
stoek.G reatB H ta in . F ra n ce .
*O ther
F o re ig nCoastwise. T o ta l.
New Orleans...Galveston........•Savannah........Charleston......Mobile ............Norfolk............Slew Y o r k ......other ports___
Total 1898...
29,153 58,362
5,0 jO 8,500
25.00010.000 3,v:00
20.000
18,79430,789None.None.None.None.1,200None.
23,95246,64435.000
4,200 None.
12.000 1,700
19,000
7217,516None.1,500None.
44,000None.None.
77,620 113,311
40.000 14,20025.00066.000
6,10039,000
276,073206,002132,79948,43528,87114,99794,47958,969
159.215 50.7S3 147.496 53 737 411,231 860,625
Total 1897... Total 1896...
118,023162,725
68.33828.164
123,874114,367
22,51712,284
332,752317,540
679,852861,616
Speculation in cotton for future delivery has been sligh tly more active. There has been some broadening of the speculative interest shown in the situation, and there has been a slight upward turn to values. Outsiders have done a little more trading, commission houses, as a rule, reporting some improvement in the run of orders, which, with few exceptions, have been to buy. Regular operators as a rule have appeared to show more confidence in the situation, the feeling in the local trade being more favorable to better prices than for some time past, and there has been some buying by local and foreign shorts to cover contracts. The principal strengthening feature has been advices received from the South stating that it was the general impression that the crop had been somewhat over-estimated, as shown by the fact that the general tendency has been to lower estimates. The movement of the crop has continued large and this has had a tendency to make some of the leading bear operators more aggressive in the operations at any improvement in values; consequently this ha3 held the advance in check to some extent. Foreign aivices have been favorable for higher prices, as Liverpool has reported a slight advance in futures and business in the spot market has continued fairly active. To-day the market was fairly active, but the tone was somewhat unsettled. At the opening prices were slightly higher on buying by out siders ; then came a reaction on free selling : after this selling had subsided prices again improved slightly. Toward the close, however, under the large movement of the crop, values again eased off a few points. Final prices were 1 point higher for November, but other months were 1 to 3 points lower for the day. Cotton on the spot was advanced l-16c on Monday. To-day the market was firm at unchanged prices, closing at 5 7-16c. for midling uplands.
On the basis of the rates on and off middling as established by the Revision Committee, the prices for a few of the grades would be as follows:
UPLANDS. Sat. M o u T u e s W e d T il . K ri
Pood Ordinary........................ 4*5,8 4% 43s 4% a 43sbow Middling........................... 4*°ie 5 5 5 0 5diddling.......................... ......... 53s 57,h 57ia O *14Good Middling......................... 5% 513,0 5*3,0 3*3iMiddling Fair........ ...... ......... e>4 65,8 6&i« 65,« 65,.|
GULF. Sat. M o u T u e s W e d T h . F r l .
3h>od Ordinary......... ............... 49is 4®a 41*8 4»s a 458U»w Middling........................... 53,« St, 5*4 5*4 0 5*4Middling................................... S** 51*16 5**18 5*1,8 s o|*l«Good Middling................... — 6 6*10 6l ifl 6*18Middling Fair........ .................. 6Lj 6»,a 6&i« 69,8
STAINED. Sat. M o i l T u e s W e d T i l . F r i .
Low Middling........................... 4 4*in 4*10 4*18 4*18Middling................................... 5 5 5 Holi- 5Strict Middling......... ............... 57r2 5732 day. 5732Good Middling Tinged............ 53S 57,« 5*i« 57,. 5 7 ,8
The quotations for middling upland at New York on
1898....o. 5 i,e1897 ...... 513101890 ....... 75g1895........ 8«s1 8 94 ....... 61893 ....... 8*81392........101391...... 8%
1890....o. 97,o1889........lo q1838........ 9 l» ,01887........ 10*31836...... 9 ',a1835........ 97,,,1884........ 107ia1883 ...... lOia
1882 ...C.10*! 1874 . . . o.1478183 L .....U*»,6 1873 ...... 157sI860 ...... 11*2 18721879 18711878 ...... 9 *8 18701877 ...... 11*4 18691876 18681875. 1867
N o t e .—OnUot. 1, 1874, grades of cotton as quoted were olianged. Aooordiugto the new olassitioation Middling was on that day quoted %o. lower than Middling of the old classification.
M A R K E T A N D SA L E S.The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the convenience of the reader we also add columns which show at a glance how the market for spots and futures closed on same days.________________________
S p o t m a r k e t C l o s e d .
F u t u r e s
M a r k e t
C l o s e d .
s a l e s o f S p o t & C o n t r a c t .
E x p o rt.
O on-sum p.
C o n tra c t. T o ta l.
8a4urday .. Monday.. Tuesday... Wednesday
Steady ...... ...cj’t& st’y, *i« ad.Steady..............Quiet................
Steady........Steady........Steady ........Steady.............. . Hol
2826714228 100
28267142128
Friday..... F inn ...........— B’rly steady. 1,054 . . . . 1,054
Total «. ...a ... 1,519 1 0 0 1.819
the c h r o n ic le , [VOL. LX V II1114Fv
Fit• —fh - higbo.t, lowest and olodng prices?< j,{ Now S 'jrt i 'S <n9m to the following table.
a 4e «• £ > g 5 5 •ft_^ risr*if f -i n * H e
I f *r s c
I 6 j,1 i f f
I f "
$ £ *I f ?P
n f l
= 9 1
iiC »I I is « *
7 k ?* 0 S *m u i
H i- a S
5 ftft *
ft » ft ft 1ft ' b4©t i E
; 4 * 5 w : :
; •; : |
* * i: : i
• ‘ JCi i *
3* „ ©
9 9 9>V 5*V 9 9 a* v w o»e* O*0» ? i £msk I5*i ++*«•
x X C**k «4© <*•» OOt ^ f m » 9 i 4 ‘ 9 ! « i • 1 9 < 9 ■ 9 9 i 9 ft
9 9 ts*s* v v 9 9 OH» 9 9 0»0* VO* » i 0k * 9 ► t i - ti wj Iv M ♦i *5 Mg'-i •4 e © qs -Jt *-©
9 9 4* 0» 9 9 9 9 W t3»V w 9 9 9 9 ?tc/ *v *4 *41** si — $2* a * * ■X ¥i 9 9 ■«W V© p- V
a• 1 9 9 1 0 0 s 9 1 0 1 0 1 9 i 9 i 9 1 9i 9»P» t f j 9 9 ©*t» 9 9 9 9 0*5* VC* VO* 9 9 9 9
” i <» ■
4 4W4i ww t i « »i 13 15*0 *4 1
s. U © © & -i ©C ©faJ *J«5 ■its 3d
I 3*U» 9 * 9 9 9 V w a*, w W 9 9 =?|£ 2
» ► U ’ U 34 ww •4»0 t-i is« — oc -4 — — '« W» Ui p e ft
• * 1 9 9 1 » < 9 i 9 1 1 9 t 9 r 0 1 9 i 0 1 9 i_tri 9 , 1 • VS* w w o»o» 9 9 w 9 9 9 9 P , «ci i i 8
u « *4*4 *4 15 •5 '« © C S t-ic-s 9 © — — X© ~ -- M
9»8» t*3* w w 0>V W w ?3i v » W
£ Srf- *- w w MM ti*4 *4*5
-J® w* w — ® '4 V #- — -4 »- MM © W •»■« , 9 1 e i e < 9 9 1 0 0 1 9 t 9 1 9 t 9 ft
9 9 , 9 9 9 9 9 9 9 9 <? | VO* w ? I s,
2 S 9 9 » C 9 9 *- *» *- t~ C4U MW 1310 14 1 kt9 J» © e e 9&: *4' yc© V — —*
>H O L ID A Y ...... 2
o
f 9 9 9 9 c*c» wc* 9 9 9 9 9 9 o»o» 9 9 VO* 0101, y» -is r * 9 *>• *<► Wit* t i u> M M •4*4 15 fJ *415 5- *•» a*. 5 *-1:4 -J 0 ** «5 — -)© ^ v «v XX a 9 V+-f S ♦ «0 1 • 1 0 1 0 1 » 1 9 1 9 1 9 * 9 1 0 9 1 s■ g»g» e»s» 9 9 w c*e* 1 ? 9 9 9 9 9 9 v » 1 ? t?i n;j i**«*
8 8 9 <9 >.* ta** MW tow ! Wt» C •60 X«£ tr0 © ©W V© *4 9 ©w X •4
i » . C» 1 ? , 9 . -? 1 ? i 01 1 ? 1 1 ? 1 ?m 1 4ik ■ 1 ' 5C ! « • »4 * >0 • t4 1 to* S5- 9 ta O V — X IJ* r-
I 9 1 & 1 3 1 0 <*\ I «? , CB i 9 , «? 1 *? j «? i ? 1 ? 1 ? | «? 1 ?1 » £ § £ 1 w 1 toF* 0 45 © Cd © V H X V
Tub Vimblk herPL* o f Ootion tomignt, as made up by cable (Ad telegraph u as follows. 1/ ilstocks, as WellM tfeoM Cat Great Britain awl the afloat are this week’s re- tarns and 000*- jpean figures are brought dowtto Ttiuralsy evening. Bat to make the total the complete i • : -tut 1 Nor. 25], we add the item of exports fromtft- L'mta 1 -ittt-« m lading in it the exports of Friday only,
l»08, 1807 IHOO 1895Nl!“-1 H U rr .bales. 640.OOC 563.00C 080.000 923,000« At 2 >0‘loo ......... ■k Mi *.000 7.000 5,0'H
TsUa J OfwaU llritAlo Hock., SAU.uoO 6o7,iahj 6t<7,atR> tf»tf-' I j>.5 HAUMlHKn:,.,... l i.000 ) 0,000 19,000 22,004&l**C' K * 1 *4 r*t jja.rfi ,., M 140,000 179.1XIP U 1,000 163,004Mr K-'i *t Asa«ter7'.l-« 1,000 2.000 5.000 8.004i v « * ftl ,., 200 200 200 204#ti**R0 *1 At*6W«n> • 8,000 8,000 9,000 12,001f* <*■•••■ 1- »i II-«k fr ... . U 4.000 185.000 132,000 263.0<Kf* 's**.- it *4 *1 ANilttM ...» 4.000 4.000 4.004{•toeA Af ftiifrrloRli ,., 21,000 :<i.ooo 39.000 59.00c01ow % J(4 (IfMMN).... . . 31,000 H.CKK) 16.000 19.00*
iMtTrtrt'19 U.POO 4.000 18,000 16.00*Tm'IaJ Ootsis ttACltH «!in<lk* . H044tMIU 4 i A, tQo 3 **6,00*1
ITxrofw*, loft aflha!l» 4 u t c
Am #t e*»ta*»a a»J1r*
*Swi t'oitM) FI k x i Id If. *. tot
r> tT H i j 1
Of 1A*4 0M#]rMfa)«| —
III Oat.iOO L0 ’3 2U0 1,494 2 t 8.0tH' 33,000 63.000
819.000 715,000 511,001t'.OOO 60,000 73.0<K
, i,S7t.":.-,u 1,011,604 t,179,150 1,000,903 071,310 MO 431 530.031 *!H 118
SnvV* . ..l,43t,S«er i;siro|»n 14T>»X*
% !■ *t K r- 1,02 >,000*JU fiir b7pm ift.ooo-tuns*riot1 t'lta*.
- 0 2 :i ! . i m i
< mii» A*tj•ixi.e-a.il a n d o i b r r d e s c r ip t io n * a r e a i fo llo w s :
i';r»,oott 5 5 9 ,0 0 0 7 * 9,000* . ... .♦>♦*,. 337,000 -T7.1.000 301,000 Mil ,0'»0*f H'itr-.pe t,0 45,000 910.000 755.000 513.000* ■ > • * • **-♦ l/ ? '! .456 1,012.004 1*170.114 1,006.893r ,r • !-''4 *■ ; 0^3-520 M mJI 520 OH «91 l l * i
l t.oHrMO0U
*0 45 501 31,() H 99*0*4 3*172,080 3 :Lj7.ToO
7,OCX! * ,000 7*300 1.000
PCM
KVMm***i f ! :|.ii„a^-T.rr~ % >* -f»*Wl T
1 f
o r rI7I
t f * » **.I -sigfit of | # j ( o f u H
.4.10?, O h
>0 3*05 X# 1,49
99.0004,000
41,2009,090
40.000*200 .624
121,0007,000
93,30033,000OO.OOft
5 3110*1 A,COO
65,2m
73 V5
9 ■'iid*f 9r"Hjli \ tG%1 6S|43-41 JM .
01- 3 <*4.Q0Ot0j port# t
<{03,201*372,00!
Hi
5 -■ l
9 <40,4,00i 3.3 <7.loo > 3,O??,di70
4 i-„a
1 * * Jtte 9<urof
• (H it) <rf
f l t j . ,6*l«4* 67,«,* Ta*4L 4^{■ set week hav*
tw ludasaUi ao facrcoae in th e cotton in sizhi Half a , compared with the same dal*
41"‘ ,f *"" ” » l« * on-r the corresponding <i»u.\u rre m ,f 634,199 btlMOTir
At the INTERIOR Towns the movement—that Is the reoel & for tho week and since September 1, the shipments for the week and the stocks to-nipjht, ami the same items for t) e Dorrespondinic period of 1897—is set out in detail below.
H 3T
•3o
Cxi tfa ft Qt — oIG> *-£ W ■S'pj-'j6* W W Wti^COOW X d- < S *S*_ '_/*;. t-.'VcA«D — M A. CH—t lO iM CO Zl CO m ‘W t o V V i la L * c o d es 'K i Cl ft >WVJ«*1 £C . 3 O"O H W O U' ir- Q 5 tO W H1 CC W '1 O tO CD tO ft*4s*v iO £ ><■ IW 10 c t '- l !■.£> •— *0 it oo iSx T. CO C00C-C0 -X1 w» cn — to A.'00 1“ f+ CO -
CO W09w * a O '— W MOiMHHtOWMi-W Ki'C W CO CO CO vO tf* cO 00 M 0* CO *-•
oo-jX’co sococco-v3_-■»o m cct f i * U go ;5t O oo^W7-* c^to*— 0505 O f i O r V c l l O M C l o ' x o l o C 5 O 53 O 0» •-* o O <» M CI» vO ~ CO >— Cl C£> '-J <i ^ li. OC tv o —1 •'l Cl,Xj 0 *-4Cl“ WCO»iCiO •*-4O>-‘CCC0CC!DQDC0-i*vJC0t0CCi?.ii:‘W
CO CO : h h m w ->w * qo i^tovj'ooio -j co to-*03 0 p p_*-*JOO CO^dLc Cl to O O * Jk. io CO CO CO CB ~f>to CB'd i# o *-* O CO < llO — O cn COCOCBO^x:Cltv>{a"CC'»^XD-3 0 “‘ '100»‘-‘ -CnCB.*.-rOOOCC4i.^C3 OOr^tOXCCCJ* 3 ? U i 'JCOOO'^JCOOOCSOiCDO'O^-COOC&OlCOCJOCD'CBCD*-
cn —00 CO co
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M *a MJ IrO M OO C5«- •-* CB ie> to W H W KK1 COCB OOIOCBCOO^UICC]-p poo to ppp — CO to top p<)ppp p p p p p CO OOMO(fk«*pico oo'ih-o cao o'~* Vjlx' i'ro "ifk ooL h « oi o o cn w « cc'iP- btc bip. rO CM £k 'CO O' 01 tO * i co <} CO H* CO © CO O CO GO O "*• ~-i iP* Ch CO iX> ,_* r-1 '51 tO r-*©C0©©'0C0(U-*5-vlfcC]CD«CCH-O©CCH-<3 -e0]-‘©CB0iC0a!t0CB]-‘
00 COp © M — p n«]-*M ]-*CO jFap^-*Jp>>p#i- * N W ® « M H © tfk W O
05 53 C lio Cl itkfcO© C o lc V 0 0 © M © Cl «0 O*© •-ocncocax<i-i©toaoco©c4cicooo©-.4©tO'>-lo:-<j<i-jtcoco © OOCOCOiJikCO 'dOCOltkOOraOtOlBOOF- tOCOClOili.p-CCOtf:*©CB Myi <1— to cn C- to ^ 10 *-* *>■ m rO to 1—1 top ; W K IO itH , O H ; Wj^ptOWpWOO p O p p p p ^ GOpis. • To^cn'oico; cs©; ci'x © co cc'*-j”kk © to ct/cIo o-./o Vj © go ci'i-'i-*to ; ©©©©>-: ©as! toirto'xrfH©© — ©i&.oo*oco-oir-©-.3©cji^;rH ■ -d iO - J -• CO- Z»fO- Q ©CO ©<l© "*©©©-Q tfkO :5 JU Q| © CO IQ © QI
-.s<1
2?S ~3 5.ftft-SS’S
? 5- ©
• L,a.t y «ar’A azures are tor Columbia, 8. C.i A t St. Louis light-weight round hales now counted two for one.The above totals snow that the interior stocks have
increased daring the week 46,087 bales, and are to-night 123,89s bales m ore than at the same period last year. Tue receipts at *11 the towns have been 67,995 bales m ore than the same week last year and since Sspt. I they are 532,484 bales m o re than for the same time in 1897.
O v k k l a x d Mo v e m e n t f o b t h e W e e k a n d S in c e S e p t . 1 .—f f e <ive below a statement show'ng the overland movementtor the week and since Sept. 1, as made up from telegraphic r.ports received Friday night. The results for the week iodintr Nov. 25 and since Sept. 1 in the last two years are ae follows.
N ovem ber 25.
S M p p u l—Vtu si. Louis......................Via Ualro..............................Via I’ .irkor....................... .Via Rock Is lan d ................Via bonlsrtlle......................V U ilnolnnatl.....................Via >thor routes, A o ..........
rotal gross overland ............Deduct shipments—
Ovor'and to N . y., Boston, Ae..Bo' wcbu Interior tnwnR......... .Inland, Ao„ from 8onth............
Total to be deduoted...........
Leaving total aotoverland*..
1898. 1897.
Week. S in ce Sept* 1. TFsefc.
S in ce Sept* 1.
41,28319,498
2*40o5,9674,8887,082
263,852113,057
22,98833,42629,49949,183
31,30013,536
1/2001,9903,5373,4497,142
308,831122,777
5.90613,51127.03325.034 45,798
81,123 512.005 62,154 518,890
26,1071,1421.608
147,0787,291
12,877
18,837386
1,003
97,2437,976
11,302
28,857 167,246 20,83 i 116,521
52.266 344,759 41,318 482,309tuoiudiug novo neat oy rail to Oauada,"he foregoing shows that the week’s net overland movement
this year has been 53,286 bales, against 41,318 bales for the w -ek In 1897, an i that for the season to date the aggregate net o srland exhibits a decreasi from a year ago of 87,610 bales.
I n S ig h t a n d S p in n e r a* Tak ings.
1898. 1897.
Week.S in ce
Sc2)t. 1. TFecfc. S ince Sept. 1.
Receipt# 01 ports to Nov. 25.. . N*-t ■ - *rland to Nov. 25..............
422,05752,26626,000
4.014,304314,759322,000
396,05341,31824,000
3,741.831432.369276.000loatliern nOnitmiptiOn to N ot.25
T"tal marketed....................... 500,32346,087
4,68l,r 03579,201
461,37156,231 514.345
name into eight daring week. Total in siteht Nov. 25._______
546,4105,260**264
517,6024,964,545
Norfh’n spinners tak’gs to Nov.25 89,113 649.469 90,777 795.495
N ovem ber 26, 1898.1 T H E CHRONLCLE. 1115
Q u o t a t io n s f o r M id d l i n g G o t t o n a t O t h e r M a r a k -xv.— Below are closing quotations of middling cotton ar Soutb^rr And other principal cotton markets for each dav of the week.
LOSING QCOTATTOlffl 'OB WTDOIANG nOTTOW O 'Week e n d in g _________ _______________________________________________
N ov . 25. S a tu r . if0 7 l. Tues. Wednes. Thurs. F r i .
Galveston... 5 5Le 51isi •jheNew O rl ans 41*16 47g 415, „ 4*»in 4*°i«M obile ........ 4% 43i 4 \ 4131S 413,6Savannah... 434 45s 4 U „ 43, 4*4Charleston.. 4&8 45a 438 4U,6 41-16Wilmington. 434 4 % 4B» 4% 47aNorfo lk ...... She 5*8 5% c3 5*8Boston......... -=>38 5i,« 51,6 '-’’ ifBaltimore . 5 % 5q 514 5*4 5%Pniladelpliia 5=8 5 "l8 51*16 5 U ,, a 5 'HeAugusta. ... 5% 5% 53 6 a *4 5*4 0*4Memphis___ 5 5 Di,e 5*16 5heSt. Louis___ 5 5 5*16 5*i. 51)6Houston___ 41Ble 415ie 4*° 16 51,6 4loltlCincinnati .. 5*8 5*8 5*8 * 5*8Louisville... 5 5 51,6 51j8 51,6
Toe closing quotations to-day (Friday) at other Important Southern markets were as follows.Atnena.. . . . . . . . 5 'e I Columbus,Miss 5 Nashville . . . . . . -l7eA tlan ta........„ 5 l]8 | Eufaola_ 4% Natohea... 4%Charlotte.. .. . . 5 Little Rook__ 4% R a le igh ....------ SitColumbus, G a . 4% I Montgomery... 4% Shreveport..... 4r*y
R e c e ip t s f r o m t h e P l a n t a t i o n s .—The following table Indicates the actual movement each week from the plantation . The figures do not include overland receipts nor Southerr consumption; they are simply a statement of the weekij movement from the plantations of that part of the crop whir l finally reaches the market through the outports.
WeekEnding—
Oct. 21 *• 28
Nov. 4.....“ 11. ..“ 18. ... “ 26
Receipt! at the Porte St’k at In terio r Tovms. Rec’pta from Plant ns
18»8. j 1897. 1890. 1898. 1897. [ 1896. 1898. 1897. 1 18*J.
404.M l 861.937 418,216 3 i5,t70 394.235 317,944 457,702-280,743 472,144 35*,915 452 2*4'341.07s
422,379; 370 541 407 3S.V;3'4.13" 466,181; 307,082 440,7431411.695 410,642 411,30.» 4 22/<57 396,053
330.571 3*4.73? 304.9-3 *89,700 315,717 313.520
476,932 325.5761447.3551508.492 531.284] 36 if,666! 448.288,401.735 578,525] 396.25S 461.249 498,42i 625,870 442,365 458,286'601.893 03 7.2331608,190 502.4 84 j 428.Iv9 684.320l559 4211530 031 468.144
The above statement shows: 1.—That the total recelp s from the plantations since Sept. 1, 1898, are 4.598,565 bales; ir 1897 were 4,356,173 bales; in 1898 were 3,964,408 bales.
3.— That although the receipts at the outports the past week were 433.657 bales, the actual movement from plantations was 466,144 bales, the balance going to in -rea-ie stock* at Interior towns. Last year receipts from the plantations for the week were 452,331 bales and for 1896 they were 341,073 bales.
W e a t h e r R e p o r t s b y T e l e g r a p h .—Telegraphic advices to ns til's evening denote that rain has fallen in must sections of the South the past week, but that on the whole the precipitation has not been heavy. The temperature has been lower generally, interrupting somewhat the gathering of the crop. Reporfs from Texas indicate that the crop of that State is about all picked.
Galveston, Janos.—In general the crop is about all gathered and in many localities farmers are busy preparing lap i for next season. Rain has fallen on two days of the week, the precipitation reaching seventeen hundredths of an inch. The thermometer has averaged 59, the highest being 74 and the lowest 34.
Palestine, T e x ts.—There has been rain on three days during the week, the precipitation being seventy hundredths of an inch. Freezing weath-r. The thermometer has averaged 54 ranging from 26 to 82.
Corpus h r is ti, Texas.— We have had heavy rain on one day daring the past week, to the extent of one inch and twenty-six hundredths. The thermometer has ranged from 40 to 76, averaging 58.
San A n to n io , Texas.—Rain has fallen on one day of the week, the precipitation reaching eight hundredths of an inch. Minimum temperature 32.
P a r is , Texas.—Picking still continues. Rain has fallen on two days of the week. The thermometer has ranged from 24 to 82.
Neie Orleans, L o u is ia n a .—The week's rainfall has been two hundredths of an inch on two days. Tae thermometer has averaged 55.
S hreveport, Louisiana.—Rain has fallen on one day of the week, to the extent of fifty-six hundredths of an inch. Toe thermometer has averaged 50, ranging from 25 to 79.
M erid ia n , M iss iss ip p i.— Much cotton is unpicked and will be lost for want of labor to pick it. The thermometer has ranged from 28 to 60. Rain on four days.
Colum bus, M iss iss ip p i.—It has rained on two days of the week, the precipitation reaching one inch and seventy-two hundredths. Tbe thermometer has ranged from 25 to 80, averaging 58.
Leland, M ississippi.—We have had rain during the week to the extent of eighty hundredths of an inch. Average thermometer 5T3, highest 77 and lowest 23.
Vicksburg M iss iss ipp i,—We have had rain on one day of the week, the rainfall being sixty-six hundredths of an inch. The thermometer has averaged 49, the highest being 76 and the lowest 26.
L it t le Ruck, A rkansas.—There has been rain on one day daring the week, the rainfall reaching forty nine hundredths of an inch. The thermometer has averaged 45, ranging from
H elena, Arkansas. —High winds, rain and low temperature have done much damage to cotton. There has been rain ou one day of the week, the rainfall being seventy seven hundredths of an inch. The thermometer has ranged from 20 to 72, averaging 44.
Mem phis. Tennessee.—Cold weather has interfered somewhat with picking, but marketing continues active. Rain has fallen on one day during the week, the precipitation reaching eighty four hundredths oE an inch. Average thermometer 4 6 3 , highest 7 4 v 3 j lowest 2 0 - 8 .
M obile, A la b a m a .—Cotton picking is making very slow progress on account of cold weather and dissatisfied labor. There is a large quantity in the field*, but tbe popular opinion is that much of it will never be gathered. It has rained on three days of the week, the precipitation reaching two inches and twenty four hundreths. The thermometer has aveaged 54 and has ranged from 31 o 73.
M ontgom ery , A labam a. —Rain and freezing weather the latter part of the week are to some extent the cause of light receipt. We have had rain on two days of the week, the precipitation being two inches and eighteen hundredths. The thermometer has ranged from 30 to 74, averaging 52.
Selm a, A la b a m a .— W e have had rain on one day of the week, the rainfall being ninety-eight hundredths of an inch. Average thermometer 4S, highest 72, lowest 25.
M adison , F lo r id a .—There has been rain on two days during the week, to the extent of forty hundredths of an inch. The thermometer has averaged 56, the highest being 77 and the lowest 39.
A ugusta , G e o rg ia .—Rain has fallen on three days of the week, the precipitation reaching one inch and two hundredths The thermometer has averaged 50 and has ranged from 32 to 69.
Savanti ih, G e o rg ia .—It has rained on three days of the week, the precipitation reaching four inches and thirteen hundredths. The- thermometer has ranged from 41 to 73, averaging 58.
Sta teburg, S ou th C a ro lin a .—It has rained on two days of the week, the precipitation reaching one inch and twelve hundredths. The thermometer has averaged 51, and has ranged from 39 to 70.
Charleston. South, C a ro lin a —Rain has fallen on four days during the week, the precipitation reaching two inches and four hundredths. The thermometer has averaged 53, the highest being 73 and the lowest 47.
Greenw ood, S ou th C a ro lin a .—It has rained on one day of the week, the precipitation reaching seventy' two hundredths of an inch. The thermometer has ranged from 35 to 51, averaging 43.
The following statement we nave also received by telegraph, showing the height of the rivers at the point0 named at 3 o’olock November 24, 1898, and November 25, 1897.
N ov . 24. ’98. N o v . 25, *97.Feet. Feet.
New Orleans...... 4-9 2-HM em phis........... 12 5 1*9Nashville............ 6*9 07Shreveport......... 2 o *20Vicksburg........... 14*3 *1-4
" Below zero of Kau*re.
C o m p e t it io n o f F o r e ig n M a n u f a c t u r in g in A r g e n t in e
R e p u b l ic .—Under the above caption we publish in our editorial columns to-day an interesting article by our special Manchester correspondent.
I n d ia C o t t o n M o v e m e n t f r o m a l l P o r t s .—The receipts of cotton at Bombay and the shipments from all India ports for the week ending Nov. 24, and for the season from Sept. 1 to Nov. 24 for three years have been as follows: •
1898. 1897. 1896.Receipts a t—
Week.S in ce
Sept. 1._ , I Si7icc r e e k . 1 Sept. 1. Week.
S in ce Sept. 1.
Bombay......... 18,000 82.000 5,000l 29,000 24.U00 127,000
Exportsfro m —
F o r the Week. S in ce S ep tem ber 1.
G rea tB rita in .
O on ti-nt7it. Tota l.
G reatB j 'i la in .
Oonti-7ient. T o ta l.
Bom bay- 1898...... 1 ,0 0 0 27.000
9.00070.000
9.000
28,0009.000
71.000
11.0006.0009.000
6.000 7,000
19.000
33.00021.000 3),000
1897......1896......
Calcutta— 1898......
7,000 7,1,00 1,000
2,ono1897......1896...... ........ ...... 1 .0 0 0
2 .0 0 0
2 .0 0 02 .0 0 09 .0 0 0
4 ,coo5 .0 0 0
1 0 ,0 0 0
5,00b7.000
4.0005.000
vladras— 1898......1897......1896 ..................
m others—1898......1897 ____________
...... 4,000 4,000
lojooo
29.00016.000 25,0001896...... 2,000 2,000
Total all — 1898...... 4,000 4,000 9 ,0 0 0 69,000 7S,0001897... 1888 .. 9.000 9.000
8 ,0 0 02 2 ,0 0 0
35,000112,000
43,000134,000
According to the foregoing Bombay appears to show an increase compared with last year in the week’s reoeipts of 13,000 bales. Exports from all India ports record a gain ol 4,000 bales during the week and since September 1 show »n excess of 33,000 bales.
H I * TH E OH RO N lC L V I VOL. UXVII.
i u t u m u i R » * w r r s a n o a m r a u n o r C o t t o n .—Tfer-. agti *Mt' w<f w i t h Mtwsr*. D a r ia , Benaohi
L u f»| ‘ . ij .,U 'l A t * * iw lr ia . wi- n o w n-iurlvei a w eek ly a»btfi -if t li - <u it .’ m -n l i »»f cotton at lle sam lr i.1 . E gyp t. The fo tku rm g a re the re "ipta a n d nhipm efits fo r the past w eek a n t fo r t h * * »rri-*pand lng w eek o f the p rev ious tw o years.
A i*jts*mdr*4, tijfgpf,i i Is 97, [ 1,96.
Y%%* - ,t#, „„w» A fef# | .«*, a
„ : '£9OjOO0 j % 110*000 1
3*0,000 2,969,000
j 327,000 ! 2,575,000
th is 1 8v\c*&?pt. 1,
This ; km* * . '% U .
i r h i* 1 Wmo* j w k . Jfcpi. i
UwrftfMtk. . lt.O00 *5.000 13,000 103,00092.000
111,0001121.000.. 11,000 78.000 i 1,000 112.0001 78.000
.. ; l.otH) 103.000 24.000 195,000 ;23,000ll99 000
Thi* statement shows that the receipts for the week ending X . : s were JM.iM-j can tar* and the shipments to all Europe34.000 bales.
UiN-ucsriB tlvttssr, —Our report received bv oab'e Lvaight from Manchester st ttes that the 11 ir-ciu is firm for both f t m tad itirtiag<. Man .: • generally we 11under oe.itract. WV give, tti prices for to-day below and leave thow for previous weeks of this and last year for com parison.
1898,
S l lM b
8 '% Ib t . S h irt* O o tfnin $ st t&m mon
tQ JlHtJlt.M id .VpUU
4* 4, 1, 4, Be d. <L4 0 06 6 3‘ ),
5*1, ■30 •• 4 0 « 0 3b«S fiM 4 O’-j-Sfl 7 3
S »u 4 0 ^ 9 6 35*,* 4 0^>»6 8 3 *„5H » « * • 4 1 00 8% 3Jn
T w t t t .
d . d .
1897.
jSh Ib t. S h ir t in g , , com m on
to fincxl.
d. rt.
61,« 07=8 14 l 06 8 6 l,« 07% 4 1 0 0 80 971)0 4 1 06 S
s*4 U Laxd OOTTOS Movem ent. —We have received thg (Friday, evening by telegraph from the various ports the detail* of ’.he 4-a Maw) cot* m movement for the week. The
> for the w.-.-x ending to-night fXov. 85) and since Sept. I, '.SSd. she nooks to-night, and the same items for the corr-rponding oerlods of 1897, are as follows.
U» .Vof. 25189S. 1897. $tOCK
r*< » S in e* » t 4 k . Sept, 1.
T k i*ice^k.
S tn c tS ep t, 1. 1898. 1807.
OM M AOtt, &.<!.......... e .I".o-ri4a . buo-,.*„**»e.......*
3,575 29,263 365 2,460 109 2,021
3,163 878 411
29,1734,5241,702
21,591 24,698 .1.5551 1,596 3,830 135
To3Al.. ,... 4,130 33,753 4.452 35,399 27,979129.129
Th- Deports for the week rndtng this evening reach a tor. 1 of l ’> Nai-*, of which i ) bales were to Great Britain, 300 to France an l — • to Reval, and the amount forwarded to Xor-.h-m mils has been 1.‘323 Dales Below are the exports for *h» west and linee September 1 in 1898 and 1897.
A u g u s t a (G a . i s t r i k e .— Three thousand operatives in the Augusta (Gra.) cotton mills struck against the fedneed wage scale on Monday. Nov. 31. and by-Wednesday the number w h s augmented to about six thousand. The mill-owners seem determined to enforce the new wage scale, and state that it is based on the rates of wages paid in the Carolinas. As the week closes it is reported that the operatives show some disposition to yield.
N e w E n g l a n d C o t t o n M i l l s S it u a t io n .— The Thorn- dvke Cotton Mills. Worcester Mass., started up Nov. 31 utter a two weeks’ shut-down. The Border City Mill No. 3, Fall River, resumed operation Monday last after an idleness of over a month, due to a strike.
Jute Butts, B agging, &c —The demand for jute bagging during the past week has beeu only moderate. Quotations have been reduced to fifjjc. for l-'l, lbs. and 6)^c. for 3 lbs., standard gradis. Car-load lots of standard brands are quoted at O'pc. for 1% lbs. and fP jc. for 3 lbs., f. o. b. at New York. Jute butts have been very dull at ’90c. for papsr quality and l '4c, for mixing.
iXPORTa o p C o t t o n G o o d s p r o m G r e a t B r it a in .— B e lo w we g>ve the exports of cotton yarn, goods, & o., from Great Britain for the month of October and since January 1 in 1898 and 1897, as compiled by us from the British Board of Trade returns. It will be noticed that we have reduced the movement all to pounds.
Yam-kThrcad. Oloth. Jotal o f AU,000* omitted. ;
18V 8. 1897. 1898. 1897. 1898. 1897. 1898. 1897.Lb$. Lbs. Yds. Yds. Lbs. Lbs. Lbs. Lbs.
January ..... 23 41 21,181 449,974 447,452 86,037 85,500 109,878 106,087February.... 23.3S3 10,9 9 410,715 363,010 78,531 62,54 101,914 89,482^arcb....... 27,45 4 24,839 496,2rf5 434,333 94,894 83,008 122,348 107,847
T jtelft qnar. 74,678 65,959 1,360,981 1,345,753 259,162 238,057 334,140 304,010
April.......... 28,335 22,628 869,949 346,872 70,526 60,280 93,861 88,909May........... 22,630 32,756 390,803 387,237 74,685 73,997 97,314 98,753June........... 23,187 20,718 •108,352 351,746 78,079 67,790 101,266 ^8,508
Tot. 2d quar. 89,151 66,097 1,167,904 1,088,845 228,290 208,073 292,441 274,170
July........... 19,616 23,453 449.231 406,900 85,895 77,757 105,511 101,210Ausnist-........ 20,541 23,703 439,846 437,455 84,103 83,595 104,642 107,296September.. 19,811 21,598 428,243 372,408 81,882 71,165 101,693 92,703
Tot. 3d quar 59,968 68.752 1,317,320 1,218,761 251,878232,517 311,846 301,269
October.. 34,253 24.234 446,899 390.514 85,449 74,631 109,702 98,885
736 76920,300 21,807
Total exports of ootton manufactures. 1,069,225 1,000,896
The foregoing shows that there has been exported from the United Kingdom during the ten months 1,069,325,000 lbs. of manufactured cotton, against 1.000,898,000 lbs, last year, or an increase of 68,339,000 lbs.
A further matter of interest is the destination of these exports, and we have therefore prepared the following statements, showing the amounts taken by the principal countries during October and since January 1 in each of the last three years:E X P O R T S O P PHOTS GOODS A N D Y A R N S T O P R I N C I P A L C O U N T R I E S IB
O C T O B E R A N D P R O M J A N U A R Y 1 T O O C T O B E R 31.
JEcjxaril Pfumib—•
ttibU XviAtnj Xare.25. Sept, 1, 1808. HorUt.’ n M i l t.
0rt*tB r if 'n .
#V'*»**d< T o ta l.
O r ta t P r 'n e * B r i l '* , de. T o ta l. Week.
S inci Sept, i
.. 1,544 1,260 2,810 974 5,899QkM tW n.Jus 3-11 .. .. . . 341 .50 311
<ka. 199 2,021t or* 2 ) doo 32*i l .b a i iip* i ,b:ioftMiflSl .ee __.e-. 100 . . . . . . 106Halt . .......
at .300 32$ 3,033 1,984 4,887 1,223 ^8,231i *9 7 .. fid 2 if ) 305 5,520i 1.500 7,110 823 8,250
a <.!,»td.«r»blo portion of the Sea Island ootton shipped to f ’T-Jgn ,»>rs« via Now York, and some small amounts via R>«too tnd Baltimore, tnslead of including this cotton for •he » » « t m which it leaves the Southern outport*. we follow M>« **m» i»l*n m in our regular table of Including it when «J;-'T*dr *e irte 1 from New York, Ac. The details of the shipmeuts of Saa Island cotton for the week will be found under th« b . : " Shipping News," on a subsequent page., irotation* Nov. 17 at Savannah, for Floridan, common.
in - bum Fin**. !H3e,; cboice, t8c.U 1 »6 «ito i). larolioas, medium fine, 17 to 13c,; fullv fine,
it to M t ! extra fine, 40 to 50c.
m t i t u s Cotto* C » r , —The following is the report o f the A>.t sudri.a General Produce A«i*»ri*tii>ii for the month at October;
Piece Goods—Yards. Ocfoftcr. Jan . 1 to Oct. 31.1898. 1897. 1896. Ic98. 1897. ISOt).
Bast Indies ........................ 201,311 168,624 1 7.038 1,960,2(1 1,020,672 1,936.131Turkey, Klfnrpt and Africa... China and Japan............—
84.869 SO A 85 08,049 057,554 680,033 506.10041,424 33.99 ’ 44,821
23,73550*4,634 485,674 300.030
Surope (except Turkey)...... 24.001 21,908 2*40,705 282,800 212.515ionth America................... 45.733 30,027 48,306 440.559 335.005 619,133ttorth America .................. 19,411 21.082 S7.449 181,11’i 200,221 230 200VII other countries............. 27,160 24,261 2y,03l 66 321,803 331,271
Total yards................... 446,390£4,038
800.644 419.019 4,289.107 3,941,904 4,301,076Total value.............. . £8.(508 £4,101 £80,50 6 £37,913 £43,087
rams—-Lb*.(000« omitted.)
Qolland.............................. 2.327 3,309 2,700 28,520 20.656 Z7:28ZGermany. .................. . 3,414 3,035 *,<157 34,356 32,802 30,721Olh. Europe (except Turkey) 4,255 3,471 4,115 38.578 3d,385 3i ,03TEast I ndies.... ................. 3.434 1.400 i,45i 38.298 39,000 44,879hina and Japan.................
Turkey and Earypt..............411 other countries....... .
3,413 3,027 2,405 26,92S 28,120 29,1732,807 2,70 i 1,731 25.0 -7 23,392 18,0051,092 1,409 1,095 13,096 13,770 14,186
Total lbn..................... . 21,842 22,013 21,213 205,983 208.797 207.283Total value.... . ..... £772 £868 £89 L £7,462 £8.082 £6,415
COMPARATIVE PORT KliOBIPTS AND D A IL Y CRO P MOVEMENT. —A comparison of the port movement by weekB is not accurate as the weeks in different years do not end m the same day of the month. We have consequently added to our other standing tables a daily and monthly statement, that the reader may constantly have before him the data for •ecing the exact relative movement for the years named T'ii" monthly movements since September 1, 1898, and in previous vears, have been as follows:
tnber w »« favorable to the cotton ■:r**.*ed the field, Nevertiicle** the ' I f 4*!D*e-6 bjr n u t of water and ti- 3r»( picking I* alr-al.r Hol*he<l H-inv —1 Tit general, , diminution A « for Hie third pl-kln which *nr- Abv> the yield in ginning ie .lightly
are therefore obliged to hold to the » t * r end wUiiutn the crop at about. ' quality, the . ’ Aide Of the first plek- . otil In coB.eqnenoe of Hie the foe* rf.
d o n th li,R ece ip ts.
Fear B e g in n in g S e p te m b e r 1.
1898 1897. 1896. 1895. 1894. 1893.
897,784 780,702 912,486 383,886 518,762 377,408Ontober.^ 1,735,600 1,424,907 1,408,516 1,202,400 1,622,664 1,311,279
TotaL. 2,433,444 2,211,609 2,381,002 1,586,346 2,141,426 1,688,887r ’eent'ge of iot.port
receipts Oot. 31... 25'49 34*93 29-40 27-17 28-22
N ovem ber 26, 1898.] T H E C H R O N IC L E 1117
This statement show3 that up to October 31 the receipts at the ports this year were 231,835 bales more than in 1897 and 52,443 hales greater than in 1896. By adding to she totals to Sept. 30 che daily receipts since that time we hall be able to reachan exact comparison of the movements for the different years.
1898. 1897. 1896. 1895. 1894. 1893.
To.Oot.31 2,433,444 2,211.609 2,331,002 1,586,316 2,141,421 1,683,697Nov. 1___ 71,483 66,050 8. 31,562 50,976 42,11444 2 ... 75,492 57,269 54,948 24,720 71,328 36,22144 3 ... 56.493 53,890 50,908 8 53,404 42,97944 4 .... 88,951 57,044 44,105 38,292 8. 51,47944 5 ... 57.877 77,002 42,254 33,149 83,773 8.“ 6 .... 8 . 58,619 62,905 32,209 69,862 53,407“ 7 . . . . 68,759 8. 37,960 20,230 61,770 58,41744 8 .... 81.156 68,079 8. 49,331 41,189 44,203" 9 .... 73,298 82,298 47,580 26,960 86,664 32,263“ 10.... 61,504 58,494 49,622 8. 54,363 56,37244 11.... 107,118 62,552 41,334 39,017 8. 39,507“ 12.... 55,700 81,563 45,709 39,843 80,159 8.44 13.... 8. 56,725 67,501 32.100 58,895 57,39744 14.... 76,00<< 8. 38,729 25,317 55,073 55,57544 15 ... 78,082 79.504 8. 66,512 56,084 40.760“ 16 ... 68,391 76,227 57,889 27,492 66,898 40,269* 17.... 55,711 59,628 57,328 8. 47,30*- 66,064‘ 18.... 82,749 55,163 38,062 41,415 8. 42,217
“ 10.... 66,303 84,062 49,020 37,952 71,409 8.44 20.... 8 . 60,052 75,689 36,133 68,02- 64,97141 21 .... 78,139 8. 48,145 25,921 48,869 53.343“ 22.... 77.033 79,147 8. 43,514 43,033 38,803“ 23.... 61,909 89.014 66,540 25.32: 73.295 39,47844 24.... 46.502 50,199 65,317 8. 55,632 52,194“ 25 .... 92,172 62,931 43,449 17.136 8 53,212
Total. J4.014.304 3,687,124 P ’oent’ge of tot.port
3,464,896 2,333,480 9,4*9,428 2,749,931
receipts Nov. 25.. 45-87 50-83 43 25 43-51 45 92
This statement -mow* that the receipts since Sept. 1 up to to-night are now 327,180 bales more than they were to the same day of the month in 1897 and 549,408 bales greater than they were to the same day of the month in 1896. We add to the cable the iero*ata<es of total port receipts which had been received to Nov. 25 in *acn the years named.
Sh ipping N ews.—As shown on a previous page, the exports of cotton from the United States the past week have reached 276,362 bales. The shipments in detail, as made up from mail and telegraphic returns, are as follows:
T o ta l balesHe w Y o rk—T o Liverpool, per steamers Cevio, 5,071 upland
(5 round counted as 2) and 25 8ea Island___Cuflc, 3,782. 8,878To Hull, per steamer Idaho, 1 410......................................... 1,410To Manchester, • er steamer Newton, 1,771..................... ...... 1,771To Havre, per steamer La Champagne, 479 upland and 300
Sea Island............................................ ................................. 779To Dunkirk, per steamer Britannic, 62................................. 62To Bremen, per steamers H. H. Meier, 1,8S0___Trave, 600. 2,450To Hamburg, per steamer Pretoria, 1,412............................ 1,412To Rotterdam, per steamer Statendam, 338........................ 338To Antwerp, per steamer British Empire, 606___Western-
land. 500................................................................................ 1,106To Lisbon, per steamer Dona Maria, 1,500........................... 1,500To Genoa, per steamers Alsatia, 1 .. Vienna, 1,475............ 1,476
N ew Orleans—To Liverpool—Nov. 1-'—Steamer Darien, 5,100___Nov. 22—Steamer Cuban, 5,300..................................... 10,400
To Manchester—Nov. 23 Steamer Lewisham, 4,2:0.......... 4,250To Havre—Nov> 22—Steamer Concordia, 6,088.................... 6.088To Brem en-Nov. 23—Steamer Eurona, 4,425..................... 4,4*25To Hamburg—Nov. 19—Steamer Haddon Hall, 1,700......... 1,700To Rotterdam Nov. 25—Steamers Harmonic and Wind
sor, 1,192............................................................................... 1,192To Antwerp—Nov. 21-Steamer Parkgate, 743.................... 743To Lisbon—Nov. 25-Sh ip Ferreira, 3 »0 ............................. 300To Barcelona Nov. 19—Steamer Martin Saenz, 5,195___
Nov. 25—ship Marcellna Jane, 1,000.............................. 6,195To Genoa—Nov. 19 Steamer Martin Saenz, 1,939.............. 1,939
Galveston—To Liverpooi-Nov. 19—8teainers Deramore,7,070; Methley Hall, 8,227....Nov. 21—Steamer Holy- well,9.8v 0 Nov. 23—Steamers Heathvllle, 10,543; Paulina, 4,061; Platea, 9,651....................................................... 49,372
To Havre—Nov. 18—Steamer Ching Wo, 11,596 Nov. 19Steamer Ludgate, ^,649... Nov. 21—Steamer Brink-
burn. 8,895 Nov. 22—Steamer Isle of Kent, 6,>*67 ...... 34,007To Ham burg-Nov. 18—Steamer Florence Pile, 1,296___
Nov. 21—Steamer Hannah M. Bell. 900............ . . . 2,186To Rotterdam Nov. 19—Steamers Cresyl, 233: Eric, 1,144 1,377To Antw erp -N ov. 19—Steamer Rose Castle, 1.925........ 1,925To Copenhagen—Nov. 19 — 8teamers Britannia, 700;
Nordboen, 100....................................................................... 800Sabine P ass—To Liverpool—N ov. 19—Steamer King Fred
erick, 6.641......... .................................................................. 6,644Go rpus Oh risti, Ac.—To Mexico, per railroad, 763...... .... 763Pensacola—To Liverpool—N ov. 21—Steamers Francisoa,
3,610; Santanderino, 4,3*7......... ....................................... 7,965To Belfast—Nov. 25—Steamer Salopla, 3.033...........*......... 3,0 <3To Antwerp—Nov. 25 -Steamer White Cross, 3,05u........... 3,050To Genoa—Nov. 21—Steamer Ressel, 3,404.......................... 3,404
Sa v a n n a h —To Bremen Nov. 1 9 -Steamer Plympton. 9,465... 9,465To Barcelona - Nov. 23—Steamer Axrniuster. 5,905 ......... 5,905To Genoa - Nov. 2 1—Steamer Balnbridge, 5,350...Nov. 2 5 -
Steamer Lyndhurst, 4 250.................................................... 9,600B r unsw ick—To Bremen Nov. 19 Steamer Kelvin, 6,<.91___
Nov. 23—Steamer Inchdune, 8.250..................................... 11,941Charleston—To Bremen—Nov. 9—Steamer Scottish Hero,
7,000......Nov. 23—Steamer Wlllowdene. 7,061.................. 14,061W ilm ington—To Liverpool-Nov. 21—Steamer Wlluerspool,
9,720......................................... 9,720To Bremen—Nov. 21-8tearners Gellivara. 7,305; Nordkyn,
11.044................................................ ia,349Norfolk -T o Liverpool—Nov. 23—Steamer Thyre, 715.. 715
To Rotterdam—Nov. 18—Steamer Glenloig, 900___Nov.2 3 -Steamer LisiiHcrieve, 1,397......................................... 2,297
N ew po rt N e w s—To Liverpool—Nov. 21—Steamer Kanawha,1,016...................................................................................... 1,016
T o ta l balse.Boston—To Liverpool—Nov. 20—Steamer Utonia, 7,409....
Nov. 21—Steamer Michigan, 3,953 .................................... 11,262To Hull Nov. 16—Steamer Hindoo, 1,232............................ 1,232
Baltim ore—To Hamburg—Nov. 18—Steamer Assyria. 1,809.. 1,809To Rotterdam - Nov. 18—Steamer Queen Wilhelmina, 522
Nov. 21—Steamer Urbino, 470............................................ 992To Amsterdam—Nov. 7—Steamer Durango, 100.................. 100
P h ilad e lph ia—To Liverpool—Nov. 19—Steamer Russia, 1,000 1,000P ortland , M e.—T o Liverpool—N ov. 23—Steamer Sheikh, 208. 208San Fkanci8CO - To Japan—Nov. 19—Steamer Belgio, 750...... 750
Total......................................................................................... .276,362The particulars of the foregoing shipments, arranged in
our usual form, are as follows.(trea t F re n ch Ger- r—Otk.FTrope— Mexico,B r iV n . porta. m any. N o rth . South. <£c. Japan. T o ta l,
New York. 12,059 841 3,862 1,-144 2,976 ___ 21.182N. Orleans. 14,650 6,088 6,125 1,935 8,434 ____ r 37.232Galveston. 49,372 34,007 2,136 4,102 ........ ___ 89.667Sab. P., Ac. 6,644 ...... ............... . . . . . . 6,644Gor. C.. &c. .... . . . . ............... 763 763Pensaoola. 10,998 ...... ..... 3,050 3,404 ___ 17,452Savannah.. . . . . . 9.465 ....... 15,505 24,970Brunswick __ _. . . 14,941 14,941Charleston . . . . . . 14.061 _. . . 14,061Wilmingt’n 9.7-ib 18,349 . . . ...... ___ ___ 28,069Norfolk— 715 2,297 ........ . . . . . . 3,012N’p’t News 1,016 ...... ...... ...... 1,016Boston___ 12,4*4 ___ . . . . . . . . . . . 12 494Baltimore. 1,809 1,092 ....... 2,901Phil’ delp’a 1,000 . . . . . 1,000Portl'd.Me. 208 ___ £08San Fran.. ........ ........ ........ .................... ........ 750 750
Total....118 876 40,936 70,798 13.920 30,319 763 750 276,362To Japan since September l shipments have been 10,956
bales from raclfio Coast.Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, &c. Burchfield , steamer (Br.>, at Galveston, loading. Fire, Nov. 15, in
hold No. 3 of the British steamer Birohield did damage to about 100 bales of cotton. The tire originated next to the port bunker between the bales of cotton. The damaged cotton was removed and that on tire was sprayed as it came from the hold
Tr a n , steamer (Br.), from New Orleans, at Havre, Nov. 12, with 15,125 bales of cotton. A tire broke out, Nov. 21, in 5,000 bales of cotton lying at a wharf at H avr-, and destroyed 2,100 bales before it was got under control.
Montenegro, steamer (Br ), from New Orleans for Bremen, with 7,361 bales of cotton, is ashore at Nieuwe Diep. Assistance has been sent.
Sa n t a n d e r in o , steamer (Span ). loadiug cotton at Pensaoola. Surveyors ordered the cargo of No 2 hold of steamer 8antanderlno, leaking, to be discharged Divers found the leak was caused by a started bolt, which was repaired, and after discharging the damaged ootton. she loaded again and proceeded.
Treasukv . steamer (3r.), from Galveston. Nov. 4, for Bremen, with 6.881 bales of cotton, put Into New York harbor No*. 15 with her cargo of cotton on tire. The Are was extinguished and 500 bales have been discharged, of which 150 bales are reported damaged by lire or water.
Cotton freights at New York the past week have been as follows.
S a tu r . M on . Tuet. Wednes. T h u r t . F r i .
Liverpool,asked.d.
CO .... .... . . . . . . ..Do Jan . d. . . . . 35t 35) 35®30f 359361
davre.................c. 40t 40* 40i 40t 40)Bremen..............e. 38340t 38 1 38i 38* 381Hamburg...........c. 35t 35* 35' 351 J 35)Amsterdam........c. 37 V 37iat 371a 37>a) c3 371s)Reval, v. Hamb..e. 50t 50t 50* 50f 80)
Do v. Hull...e. 48) 46^48 46 4481 46t m 461Rotterdam......... c. 37>91 37La 37>al 37'si 37133enoa.................e. 45) 45) 43- 45t 45)Trieste............... e. 45-»50t 45®50< 45 ®501 45 a 501 45950)Antwerp............d. S16 *18 3ie 31S S16Ghent,v. An tw’p.rf. 739 7«a 712 7$2 • 7S2
i Gents net per 100 lbsL iverpool.—By cable from Liverpool we have the follow
ing statement of the week’s sales, stocks. Sco.. at that port.
N ov. 4 N ov . 11 iVoo. 18 N ov. 25
3ales of the week......... bales. 66,000 6 ',000 81,000 70,000Of which exporters took... 2,300 2,400 2,200 4,30001 whloh speculators took. 5,800 1,200 4,200 10,300
Sa es Amerioan..................... 61,000 60,000 75,000 61,000lotna export......... ............... 3,000 9,000 5 ,0 0 0 7 ,0 0 0Forwarded.............................. 78,000 66,000 107,000 72,000Total stock—Estimated......... 635,000 692,000 792,000 8 46,000
Ot whloh American—Estm’d 555,000 611,000 707,000 759,000Total Import ot the week____ 1 2 2 ,0 0 0 131,000 213,000 133,000
Of whloh American............ 104,000 124,000 193,000 125,000Amount afloat........................ 432,000 484,000 49 6,000 487,000
Of which A.merioau............. 430,000 482,000 4 9 5 ,0 0 0 486,000
The tone of the Liverpool market for spots and futures each day of the week ending Nov. 25 and the daily closing ptices of spot ootton. have been as follows.
Spot. Sat* day. Mo7iday. Tuesday. W ed'day. Thursday F r id a y .
Market, ) 1*45 P. M. ( Harden’g In buyers'
favor.Good
businessdoing.
Goodbusinessdoing.
Fairdemand. Steady.
aid. Opi’ds. 31,s 3 'is 3*18 3339 3**S2 3332
10.000 12,0001,000
12,000 12,000 10,000 10,000Spec. & exp. 2,'JOO 1,500 500 1,000 1 ,0 0 0
Futures. Market, (
1:45 P. m . (Steady at
14)4 advance.
Easy at 1-04 decline.
Steady at 1-64 advance.
Steady at 1-64 advance.
Quiet. Steady.
Market, ) 4. P. M. (
Barelysteady. Steady. Irregular. Quiet but
steady. Steady. Quiet.
] 118 THE C H R O NICLE . [VOL. LX’V II.
THopri-wi of furore, »i Liverpool for each Jay are K<V'>n bo&arn, PridM o n th* b&su of Uplands* Low MiddlinggJjUUkri, OtilPfS'iiC «tat<?'d.
f u ]»rw*«| 4f4 »«* jMUMf «Kt< 84f*J- f h u t .* 2 63 KMflHlH i , *»1 3 Oi «MTM I l li l i
He*. 19 s# >*». Ift-
ffov .0*0 t.
j o .F»&. feUrci
IvrtiAmtiMmrJtus^l toy „J w & jk m s ..
la*,0*4-.
H o n . Tttet. W M , T h u n . Fri.
t * v 1 lfAS 4 1:45 4 1:45 4 1,45 * 1:45 4M. r.M. r .m . r, at.|r,Me r. M-.jr.M-. r.M, r.M, t\ M. r.M.
I1*
h
a a dL d. d. j d. d. d rf cf.3 OO 3 SS a o i a 63 3 OO 3 01 3 07 3 02 3 Oi 3 03 3 02 3 02It *3 3 62 t 61 *i 61 2 63 2 63 3 Ol 3 01 3 01 3 02 3 01 3 012 63 t 61 3 60 2 01 t 62 2 63 3 OO 3 00 2 63 3 01 3 01 3 003 61 3 61 l 60 3 61 i 63 2 63 3 OO 3 00 2 fi3 3 f'l 3 00 3 OO2 62 3 0 i 3 60 2 61 2 63 2 63 A 00 3 01 3 OO 3 01 3 U1 3 01t 63 3 62 2 el 2 62 3 00 3 OO 3 01 3 Ot 3 OO3 02 3 02 3 02
3 023 00 2 63 1 6 2 3 63 3 OO 3 01 3 01 3 02 3 0*2 3 03 3 023 OQ J Oob 013 oo
a 63 2 63 3 Ol 3 02 3 02 3 03 3 02 3 04 3 03 3 Oi2 63,3 00 3 02 3 02 3 OS 3 O* .4 03 .3 04j 3 04 3 04
13 Ot 3 01 3 00 3 01 3 03 3 03 3 04 3 04 3 03 3 0513 05 3 05|3 o n oi 3 01 3 Ot 3 01 3 03 3 04.3 05, 3 04' 3 06 3 05 3 05m 0213 0-3 3 01 3 m 3 04 3 04 3 05 3 05 3 0,h 3 Ofl 3 06 3 06
profits and part of the improvement was lost. Business in the local spot market has been fairly active as the home trade has been a buyer and prices have advanced. The export. business has been quiet. To-day the market was quiet but steady. The spot market was steady, and there was an unconfirmed rumor of sales for export of 100,000 bushels.
daily ctosrse fkices of oats in NEW YO R K .
B R E A D S T U F F S .Frid ay , November 35, 1898.
Kvflt-ciiog a stronger market for the grain, there has been a hardening of value* in the market for wheat flour, prices *,* a rule showing an advance of about 10c per barrel. The volume of basin*** transacted with the home trade has been c«f only limited proportions, as jobbers, as a rule, have their wants supplied for the present and have been disposed to hold off at may advance in price*. , however,ba« tw o moderately active, the demand coming principally from the Continent, w ith spring clears and straights the grade* iijtrttly taken. Rye flour has been firm but quiet at nocbasgtd values. Buckwheat flour has had a fair sale at full values- Corn meal has bean in slow demand and values have ruled slightly in favor of buyers.
Speculation in wheat for future delivery has been moderately active and there has been a gradual hardening of value*. The principal strenghtening features have been a continued active export demand and stronger foreign advice*. The fart that the movement of the crop in the North-
*#.< oiualh-r, which necessitated lighter offerings from the inti r, also has had its influence in favor of values. The falling off in the Northwestern crop movement, however, it wa* generally understood, has been due to the interruption of railroad traffic by snow-blockades. The export demand lias been well up to that experienced earlier in the fall, the purchases averaging slightly in exec** of 1.UOO.QUQ bushels daily, the balk o f which has been spring wheat. The demand baa been about evenly divided between tbe United Kingdom and the Continent. Early in the week a large increase in the supply of wheat in sight ■ auwd a temporary flight reaction in values. To-day there was an easier market in response to weaker foreign advices, and under real iking sale* by longs, closing 1 jbr 'jj'c, lower for the day, ftusine** in the spot market was fairly active, as exporter* continued buyers; their purchases here and at out- porta reported as amounting to 800,000 bushels.
d a il t otocnaa raicaa o r so. 3 red w in tk b is n e w Y o r k .SaL i f on. ftat. Wexi. T h u n , fr\ .
(V lll Mhrufci f. O. V . . . 76*4 70% 78% 77% 77%iMMfc. lu«4*stV .. 73% ?4>« 74% 74% TZ xMar. flrlltBfy \u r)pv ... 74*4 7 i \ 75% 74% 75%feCm j delivery Id eler. . . . 71 7 1 H 71% 71%
04U*f COj*I#0 riuoxai o r s o 2 sritnra nt ( ’ H IO V f*0.Mat, Man, TU€M. Wtrt. T h u r , Fri,
(liU tW f in eJer. .,, oo H 67 68 * 67% Oflo*iMfce. In tAtmt. .... 66% 67% 07% 667«M a t <t#xtT&rr Is eitv. . . . . 06 06% 07% 06% 66%
There has been more activity to the speculative dealings in the market for Indian corn futures, and the tendency of price* has been toward* a higher basis. The improvement was most pronounced early in the week, stronger foreign advice* and an active export demand being the principal *tr*n*thv!:hjg feature*, the export purchases for the week b*re aod v. >«!tporta averaging in excess of &0fi,000 bushels daily, and on Tuesday tbe purchase* exceeded 1,000,000 bush
W- ire • lay there was a flight reaction to value*, under tier eased pressure to sell, prompted by the belief that the * 1 >*d weather in the corn belt would raise the grade of the er p. To-day the market was slightly easier under realising «*b* by long*. Tbe spot market was fairly active and about *t**df. Sals* for export here and at outports were 510 '100 bushel*.
dailt cLovise rate
tfeMi. 4 M r 4. M * j At
JS&r—M m
fvt-rri f. *•*. b , •mtT lift (
I t t o . 2 UVXKO Oo am 1 nMoJ. Man-. 7x144 Wrtl3 i . 40% 40% 40%3-0% 34% 39
39%99% 39% 40% 39%
i o r iif?. % MIXRO COAft TA C lMai. i f on. T o**. Fed.39 as% 33% 33%39 33 '4 33% 33%
S4% 31% 34%sry at; the W onteto
VOIt K ,fAbri
forf f e
S at. JSfon. Tues. Wed. Thu rs . Fri.No. 2 mixed, eleT........... 30 30»ij 30ia 30tj Holi- 30%No. 2 white, e lev ..-....... 31 31% 32 32% day. 32%
DAILY CLOSING TRIORS OF NO. 2 MIXED OATS IS C H IC A G O ,Sat. M on . Tucs. Wed. T h u rs , Jri.
Deo. delivery in e lev___ 25% 28 26% 25% Holi- 26May delivery in elev___ _ 25% 26% 264, 26*4 day. 20%
Rye and barley have been sparingly offered and the limited volume of business transacted has been at full values.
Following are the closing quotations:FLOUR.
re->ek.
hav«amount of attention. Early in the w
*k * in prices in sympathy with the rise in rains end on a moderate movement of the F there wait t o m e selling by longs to realize
Fine .................... $2 40 ®2 50Superfine................ 2 50 ®2 65Extra, No. 2 ........... 2 65 ®2 75Fxtra. No. X .......... 2 70 » 3 00Bakers’ extra......... 2 90 ®3 25straights................. 3 30 33 40■ stent, Spring....... 3 80 » 4 60
Patent, w inter...... S3 50 S3 85Olty mills, extras . 4 40 W4 65 Rye flour, superfine 2 90 S3 40 Buokwheat flour... 190 S 2 00 Corn meal—
Western, eto____ _ 1 95 ®2 10Brandywine 2 15
[Waeat flour In sacks sells at prices below those for barrels.]G RAIN .
W h eat- o. o.Hard Duluth, No. 1 79%®811e N'th’n Duluth, No. 1 75 ®76% Red Winter, No. 2.. 76 »7?% Northern, S o . 1 ... 74V9751*
Oats—Mix’d, perbsh. 29>3332W hite .................... 31 -83614No. 2 mixed........... 30*433111No. 2 white........... . 3 2 1 4 8 3 3 1 4
Corn, per bnsh— 0 . oWestern mixed_______38 St *42%No. 2 mixed...............39 842=8Western Yellow___ ...39%®40%Western W hite.... .. 39% »407e
Rye—Western, per bush... 5S%»ei>State and Jersey_____56 »5 9
Barley—W estern ......... 5 ■ ®00Feeding......................41 0 45
Exports of Breadstuffs , P r o vis io n s , cotton an d Petroleum .—The exports of these articles during the month of October and the ten months, for the past three years have >«en as follows:
Maports 1898. 1897. 1890.from U. S. O&teber. 10 Months. October. 10 Months. October. 10 M ont ft gQuantities.
vyheat.bush.rioar...bbl8-
16,525,9*71,593,297
112,137,70112,883,674
16,542,5011,142,034
70,428,08510,427,120
11,955,0971,400.365
64,189,04012,889,388
9Theat....bu. Corn...bush.
*3,395,0*812,5*7.155
109,88 204170,0-0.505
21,685,0b 9 7,970,087
120,850,067156,853,873
18,553,78’r12,980,781
122,141,047100,990,111
Tot. bush. 35,942,803 830,074,789 29,606.076 288,704,830 81,631,470 223.131,158Frtiuw.
iFh't* flour. Corn 4 meal
f17.928,9074,080,84-3
705,1211.189,950
1*2,440
4100,358,3 89 04,229.261 7,711,095
16.102,450 1,880,454
820,028,1212,891,286
290,0531,006,870
087,70"
I136,429,082 •19 090,381 8,73?,787
10,711,023 5,843,080
318,932,916 4,100,281
438,300 790.227 93?,852
688,775,86884,661,3251,593,4016,779,4114,568,688
Oats & meal lerley.......Br’dituffa— Provisions *. Oetton. ... Petrol’m.&o-
24.053 202 10 705,87* 30.654.U0 4,043.1*8
250,237,455102.8SO.043153.029,07443,860,541
80,099,10514,010,1712,891,0004,000,228
185,416,85S 146,007,039 140.8.28.295 4 9,2x7,628
20,1<A 088 14,359,280 87,351.962 6,091,163
186,108,183 1S5,863,713 158,628.663 63,886,276
T-it •T‘itus*. 7«JW«.I24 010,00 ,618 77,407.104 672,070,710 77,005.878 477,408,785...Juu.ugoa, tie and hogs la all months and years.
v o t ».—A l l Che above figures are baaed on the monthly prelim inary retunislssuedby Che Bureau of Statistics, and oovor about 98 per cent- ot the total exports.
The movement of breadstuffs to market as indicated in the statements below iB prepared by us from the figures collected by tbe New York Produce Exchange. The reoeipts at Western lake and river poctsfor the weekending Nov. 19, and since Aug. 1. for each of the last three years, have been:
lecsipts at— Flour. Wheat. Com. Oats. Barley VZibJs.190 lbs BusJi.0Olbs Bush.ddlbs Bush.SZlhs BushABlbs Bu,50 lb
"blc&sto....... 105,768 1,204.750 2,163,382 2,045.952 607,400 258,000Milwaukee.. 75,275 *83,800 121,160 190,000 444,131 62,8 i"Juluth ....... 131,000 4,030,642 0.822 8,059 230,074 76,782Minneapolis. 2,154 8,140,320 04,410 272,047Toledo......... 1,220 193,004 848,430 28.000 6,678Detroit....... 7,000 62,835 125,240 43,903 31,553 13,205lowland -- 57,807 104,120 107,733
8L Louis . .. 25,785 453,645 020.495 219,000 106.000 15.429ooria....... . 10,060 11,700 300,400 189,960 82,500 0,000
Kansas City. 710,000 124,000 46,000TotaWk/OS. 858.787 10,864.023 8,086,05* 8,163,437 1,046,057 427.80*
tS*mo wk.’97. 371.908 7,886.050 3,809,230 3,630.128 1,047,155 349,467H true wk.'OO. 370,18* 4,449 288 2,458,049 2.930,815 1,034,028 1*9,883
ince Auq. 1.18P8....... . 6,020.203 127,290.850 09,605,276 02.383,102 18,219,221 4,792,205LHP7............. 3,762,970 113,500,323 89,797,682 71,519,962 17,106.038 5,469,609'R06........ . 9«.»194.500 50 s«n a9,e\ •>0 1 PH 004 IRflrtft.gps
f n ,405,387«
m ,32’ ,321,34=4
The receipts of week ended Nov.
Htce lpt» at—Sew Y o rk .......Boston........Montreal .. Philadelphia .. Baltimore . . . . . Richmond.----
Charleston. Newport NeNorfolk........(JftlYMtOD ..M o b ile ......
flour and gram at tne aeaooara ports to. the 19, 1898, fo llow :!hntr,bbU,
. . . . . 2L,60fl 2,010.850
..... 84.5‘ 0 314,fi6p591,470317,3*4616.44916,148
.... 10.605 238,90020,840
64,000379,000
..... 5,327
Corn,bush,H83,850 126,003 616,621 612,838 710.594 11,601-
60 J,290
291,428248.671186.000
50,000
Outs,bush,977,500156,76881,17382.482
358.68812.53227,076
243,972
BaricV- frush. 313.900
675 10.’ 83 13.800 7.600
R v t, bush. H I,876
14,6*7 4 7.700
1X7,890 488
Total weekweek 3897 .. flH .lftl 4,4**700 4.088,087 1,740,735 370,359 321,504
597.28S 2,099,740 2,887,S ll 3.000,854 511,025 404.488■ Htrsipt* l, not. Include grain pruning throne# New Orleans for ro relu ) ',rty on tbroujfb bills of In dim?.
N ovem ber 26, 1898.J T H E CH R O NICLE , 1119Total receipts at pons from Jan. 1 to Nov. 19 compare as
follows for four years: •Receipts of— 1809. 1897. 1896. 1896.
Flour.................. bt>l« 18,835,447 22,816,194 10,632,907 16,495,100
W heat.................. bu»h. 118,013.343 92,709,420C o rn .. .................. *' 179.908.441 169.308,173Oats... ... .......... •* 86,727,429 88.418.3-3Barley........... . " 4,4 70.640 11,398.958R y e .. . . .................. ** 13,572,193 9,980,470
62,181.120 85,583,354 (•0,100,057 10,025,070 5.481 441
229,377,042
39,910,84148.275.97039.004,0848,034,387
465,061
Total grain.... " 402.198.052 360.935,390 229,377.042 131.287,422The exports from the several seaboard ports for he weefc
ending Nov. 19, 1898. are shown in the annexed statement:Wheat, Corn Flour, Oats, Rye, Peas, Barlei,
Exports Irom— bush. bush. bbls. bush. bush. bush. bush.New York..... 1,002.808 485,302 102,979 18<*.213 23,912 13,344 110,042Boston.......... 282,892 177.072Philadelphia.. 234.000 592,628Baltimore...... 092,002 793,642New Orleans.. 249.013 39V.795Norfolk......... 04,010 248 571Newp’rt News 2wl,428Montreal....... 494.808 408.636Galveston .... 478,420 —M obile....................... 50,000
Flour, Oats, bush.
Rye, Peas,bbls. bush. bush.
102,979 18<*,213 23,912 13,34 441,02450,2*0
200.8S505,000
16,981
30,347 87.217 293,356 .......3.0C8 2.700 ..........
*20.84042.810
5715.227
243,972205.403 *40,070 ' 02,763
303,101 920,470 42«,344 112,188408,730 2,220,059 440,194 129.210
110,042337,971
Total week..4.C98.069 3,467,034 ame time’97.2.431,454 3,310.171The destination of these exports for the week and since
September 1, 1898. is as below.— Flour.------------ -
Week Since Sett. Nov. 19. 1. 1898
Exports forweek and since ___________* Sept. 1 to — bbls. bbls.
tn.ted Kingdom 195,077 2,4 17,218Continent. ....... 00>75 539,180S. AC. America. 2.804 307,156Wert indie*. ... 20,395 289,'86Br.N.Am Colo’s 7.107 66.652Other countries.. 10,24 3 94,1.18
otal ............. 803,101 3,711,Total 1897........ 408.730 3,118,
The visible supply of granary at the principal
------Wheat.-------- *Week Since Sept.
Nov. 19. 1, 1898.OUSh.
2.271,0201,810.952
btuh.20,754,10010,374,376
107,112
— ■-— Corn-------Week 8ince 8s *
Nov. 19. 1,1898bush.
1,871,0901,521,711
22527,07818,39719,127
bush. 16.887,287 10,381,788
11,247 189.813 113,492 682,330
,010 4.098,009 37,550.150 3,467.034 83.106,963 ,531 2,431.454 40.579.201 3,810.171 84.251.089grain, comprising the stocks in ints of accumulation at lake and
Wheat Corn Oat* Rye. Bar let.4 n store al— bush. bush. bush. bush. bush.
. 2,203,000 2.42t$.000 1,082.000 24,000 lbS.OoiDo afloat... . 17.000
35.00024.00040.000
1,073,000
97.00030.000
831,0CCi i i K o : : : : : : : : : : : : . 2,350,000 1,475,000 123.000Do afloat.....
Chicago................. .. 1,870,000 8,577.000 751,000 140,000 278,000
le.ooo
109,000
*99,000
* *8,01*0 1,473.00.
16,000
Do afloat..Milwaukee........
Do afloat......... . ....Du hith....................... 2,318.000
DO afloat........................Toledo.-.
Do afloat..Detroit...............
Do afloat..Oswego .............3t Louis............
Do afloat..Cincinnati..........Boston................. 112,000Toronto................... 08,000Montreal.................. 90.000Philadelphia............. 99I.WP eoria .................... 2.000Indianapolis............ 201,000Kansas City.............. 1.084.000crtltimore................ 1.583.000Minneapolis .............2.071/*'''On Mississippi River. 23.000Cm Lakes.. . ...... 4.166.000On canal and river. . 423.000
Total Nov. 19,1898 21.>92,000 Total Nov. 12,189«.19,I94,C00 Total Nov. 20, 1897 32,108,000 Total Nov. 2], 1890 59.971 000 Total Nov. 2-1,1896 02.2cl.OOO
42,000
ioiooo*12.000
2.000
’ 1*4,666
79,000
492,OOV
106,000
08,fOO1,000
09,000
0,000137.000
3.0001.000
07,00V199.000 49,000
i80,OO9
1.021,0* 0 1,021.0003.505.0003.067.0001.382.000
14.00019.000
40.000
52,000
67lV(K)«779,000
3,7*4,0003.341.0004.031.000 0,140,00 4.957,0* 0
THE DRY GOODS TRADEN ew Y ork, F r id a y , P. M., November 25. 1898
| 'Although the week hag been broken in upon by the Thanksgiving holiday, the aggregate resnlts in the cotton goods division compare favorably with previous weeks. The general trade demand has shown an improvement in volume, while the low prices for bleached cotton* noted last week have evoked quite a liberal demand in that particular division. Exporters are still in the market for heavy brown •ottons, and their purchases make some amend for aquiet home demand. Reports of retail distribution are encouraging, and as there is a disposition to regard tbe raw cotton market a* haying seen its worst and likely in future to prove a stregth- >oing factor, the tone of tbe market at the close is distinctly more cheerful than for some time past. In the woolen go ids division the market has not undergone any change of moment. The demand shows some expansion, but there are -till too many mills short of work for the situation to be sat isfactory. There are few complaints heard on the score of collections, payments as a rule being promptly made.
W oolen G oods.—Tbe demand for spring weights of men’s wear woolen and worsted fabrics shows some improvement in volume, an increased number of re-orders coming to hand. Both wholesale clothiers and cloth jobbers are, however, still buying conservatively, and the situation is not yet an entirely ea isfactory one. Sellers are firm on such lines as serges and C ays, but in fancies, particularly in goods of low quality, there is considerable irregularity in prices. There are reports of business doing in new heavy-weights for next fall, but agents are not yet openly upon the market, and sales are male more or less subject to developments. Satinets are dull and doeskin jeans inactive. Businesg in new heavyweight overcoatings has been moderate and in cloakings sales are of indifferent volume. Dress goods for spring have sold to a little fuller extent than of late, but tbe majority o f agente still complain o f poor resnlts. Flannels and blankets quiet and unchanged.
O onsno C ora n G o o d s .— The experts of cotton goods ft -an this port for the week ending November 11 were 1,413
packages, valued at *97,934, their destination being to tbe points specified in the tables below:
N e w Y o rk to N o v . 21.1898. 1897.
Week. S in ce Ja n . 1. Week. S in ce J a n . ] .
695
3,031946
137,0519,965
30,95310,67214,110
4,1467,564
48,10214,728
539
2,9032,2351,350
110324113114 915 216
3,9913,002
104,74415,41422,39618,12913,7343,1047,176
42,2024,707
393136
74559176
Mexico................................Central America.................
Other Countries.................
1,412 281,26521,623
8,312 238,59916,166China, via Vancouver*___
Total ..mmmmm mmmm.mmm mmrnmmm 1,412 302,888 8,342 254.765- From New England mill points dlreot.
The value of the New York exports for the year to date has been *10,003,799 in 1898, against *9,358,294 in 1897.
Fair sales for export have been reported in heavy sheetings and drills and prices of these are firm. Four-yard goods in better demand but generally easy to buv. Fine yarn light weights have sold fairly and are against buyers in price. Duck dull and easy; brown osnaburgs quiet and unchanged. Sales of bleached cottons in fine and medium grades have been liberal, and the market at the close is firmer. Low grades quiet but supported by the strength in print cloths. Wide sheetings irregular, with fair sales. Cotton flannels and blankets quietly steady. Denims in moderate request, but stocks much reduced lately and prices steady. Ticks are quiet and plaids in steady demand at previous prices. Other coarse, colored cottons quiet and unchanged. Kid-finishedcambrics quiet but firm, in sympathy with print cloths. Business in regular lines of printed calicoes has been of average volume. Shirting prints sell well for spring and fair business in new fancy calicoes subject to opening prices. Printed specialties in both fine and low grades in fair request. Ginghams in all staple makes of both staple and dress styles are well sold and firm in price. Regular print cloths have ruled firm at 2 1 16c. with a limited business; odd goods occasionally l-16c. higher.
F oreign Dr y G oods.—In the woolen goods division importers of both men’s-wear and dress goods fabrics are much dissatisfied, only a poor spring business being secured up to date. Silks are in moderate demand and steady. Ribbons and laces quiet. Hosiery and underwear dull and irregular. Linens steady, with a moderate business.I m p o r t a t i o n * a n d W a r e h o u s e W i t h d r a w a l * o f D » G o o d *
Theimpoitations and warehouse withdrawals of dry goods at this port for the week ending Nov. 24, 1898, and since January 1, 1898, and for the corresponding periods of la<t year are as follows:
5BP
1120 l'HE C H R O N IC LE . [VOL, LXVII.
Ir^ T t and C ity P i :fAflTivf£flT>TERMS OF SUBSCRIPTION.
the I S i m M SCS'l'l.EM ch&Tgt to e t e t t anm ni
f t s i x c m . C b k o x ic l r , Iho Stats a so Cmr Bur
K tlltm l fx tn i tzhtirgt to ever] The STKI3.T R a i l w a y S t
a&hed w ithou t extra ch a r CSBOXtCUL
The ytroTATiox S treua iK f arisistied w ithout tutlra eh CHRONICLE.
t e r m s for the C h r o x ic b o re tsain.nl a re Ten Doll,
and Twelve Dollars I Itioiu le* lostage.
t w i l l he fu rn ished w it h o u t u b so rib e r of the Co m m e r c ia l
•KMEXT w ill also be furnished uhsoriber o f the Chronicle, ■i.kukxt will likewise be fur- to every subscriber of the
issued monthly, will also be y e i q every subscriber of the
: with the four Supplements s per year within the United Europe, which in both cases
Terms of Advertising'—(Per Inch space.) f r a t - -.' -. tea. U Uu:< SB 50 , Three Months (IS times)..$25 00
#t *juo * o n , , .. . . c.K.n. -Mx motitx* (26 tiraect).. 43 00 c-co!i> i.« tlmejii.. . . . . . 1 s 00 I Twelve Months (52 times). 58 00
New York City.—B\af\i't f o r Vt'.i'j.—On November 14, 1898, the Mum.-ipni Assembly approved the budget for 1899 as adopts*! by th«* Board of Estimate and Apportionment. We (five i-!mv a table showing the purposes for which the taxes lor 1899 w ill be levied :
CfTT gsVfcsiWM.
The Mayom.'tr........................ *. ...... ............... .Yb«* ajuppjoWj* »a d CHy Clerk— ...................j*r par? sm t ; of Flajujcu.................. ......Loft* ......... . ..... . . . . . . . . . . . . . . . . . . — .. . . . . .Hoatfil vl Ifnprovrfucnt#,...... .................... .*Vp»rUuv itt of »........... ........................... .D r-jtjrtavraiof S o v ir t , ..................................... .
..........................of Public Baildtftg*. Lighting, Ac ................................. ________________ _
... ....................... .......m f>f Wai#*r £ ap j» l5 \ ................ ........... ........
.. ...................... ..........or Cos reedqb...................................................... ..... ..............
rc:}co iN'pftrtu « jt sm4 Klftction*..........................UepArttaeot o f J'tre**! C leanibg . .....................F lrr m u * a t ....... ...........................................
o f jtuUitl&gb.. . . . . . . . . . . . . . . . ___!**• jh*jna»T'r>tof Tase* an4 A«»»<CA«metUA . . . . . . .
m. . . . ................ ............I*rp*rtj2.<-Tit of Elocution............................ .CoUe-f* of Jipw fork C ity ..-............... .
Cofuaw#ftocDiulftiftiMftttf* a t Authoit in t* ... . . .............C5I0 Iterrsc* Cotttttttftftioti.... ..
o f C tir Record . . . . . . . ..............Ku d a o o f Mantel!**! ftt*atUiiCA. ................ .K t -*-*»! &i k o d f t l o f I'ilumber*................. .L ibr*rr jmn*>*** ............................. ............* it x CVittft of Now York.. ...... ................................Municipal Coon*, City of New York....................Oeurtv of Ho-Rtiofip..
...Oiwrila ide S£i*iitot)o&*... ................................Sit*-nrUancouiH...... ..........................
f IX,430,778 71 12,0-10,061 34
63,7 5 00 200,052 00 779,391 00 399,758 00 239,.500 00
2,520,099 67 787,479 92 -100,522 00
3,617,804 26 291,761 45 51.300 00
1,450,817 17 1,729.235 00 1,941,215 00
701,065 00
11,797,590 90 4,575,800 01 4,443,664 15
523,265 00329.200 00
■ 5,7<13.040,052 95
200,000 00 175,0i 0 00 105,1.50 00 160,000 00 80.000 00
425.001* 00 11,200 00 3,605 80
226,504 f 0 117,100 00392.200 00 125,700 00 332,500 00
1,784,840 78 4,990.513 59
Total fardtr ..,,,...,....,,,. 0 * 0 * t t E S m n r . * .
,S ia i( Tb s * * a n d C o m m on Scfio&tuljr of Ktw Yo
t 'V ;fmy of K !»>.#«.,i 'or,.: t i l f of Q u it* Out.O w r*»ty of UtetlHJo
$83,710,793 19
... $4,737,166 59 1,306,675 55
108,113 23 03,403 73
0,275,659 10$2,223,034 50
1,019,422 33 235,392 91 54fS80 00
3,533 629 74
Oe/G.ny Bonus ItecUi ra i LeyvL *—The Corporation Gbw tofwifdtd to tbu •[’omptrolb?r for recognition aiht)lJ|pitiOGin of tb** citj 4wcii t ed on follow's:
of N«?w York the icsucb of
t. af j'ort of Indoililfttnmf |a Ctlrit_ *‘ a.r r I-/'-*?. U
V jS S Sjnv;
k- ***-f -rJ Sto. 4 , (jnrftrj 17. t*t ity»Ld.4 (iTtra A!
7: % r r** Mmol Irnfftet d Jwnur*. $6,000 6* bond
«? t"fct.-» j ^
fCe 9 8/vwrpiUL fk* h*> ! (Lr-v.idr | ty JS,- j 1. , Wrv tlt/M M iKindK. >■.
>S f Oa-i1 fc- -.Ti.1e, im.Clift it! more, M rl, - Ab
!SJ lb# $7JL'TK tbt'Orh b t C (m i lo t io n m C ity Chatr STY Id * Oclohor wi-thft n »vr
U j f *T f^Tyfu { f |U (^4
ft.l tlax
ioptod 1)> the Legls hat “no debt in exce able DkaJs’; should l
traded. Air. .1. Frank Snpplee, City Register, writes us to say that this is a mistake—that there is no such limitation, it appears that the original draft of the charter contained a section embracing the words above quoted, but that this was stricken out by the Legislature prior to the adoption of the
! charter.Council Bluffs, Iowa.— Bonds T e m p o ra r ily E n jo in e d .—
<T. J. Shea has petitioned the courts to enjoiu the issuance of the $150,000 4>45! bonds recently authorized to fund outstanding warrants " Air. Shea claims that the warrants to be funded are illegal because the same were issued in excess of the 5% constitutional limit of indebtedness. Mr. Shea has raised this same question as to the debt limit several times daring the last year in other suits and has been defeated.
Dallas, Texas.— P rop osed Netv C ity C h a rte r.—The City Council on November 10, 1898, passed a resolution ordering that application be made to the next Legislature for a new city charter. The present charter, although in operation less than two years, has, it is stated, proved very unsatisfactory.
Findlay, Ohio.— Proposed Sale o f Gas P la n t ,—The City Council has under consideration a proposition from William B. Cutter to purchase the city gas plant for $100,UtO. A suit brought by several taxpayers to prevent this resulted in the Court holding that the Council has the power to dispose of the plant if it so desires. Judge Melhorn, in his decision, held that the municipal right to acquire gas plants was fixed by general laws, and that such property was of the same nature as water-works, and therefore it was not necessary to have special legislative action to sell the plant. An appeal, it is stated, will be taken to the Circuit Court.
Green County, Ky.—Tare D ec is ion .— fudge Barr, in the United States Court ou November 15, 1898, handed down an opinion in a case that has been pending for many years. In 1878 George Thomas and others filed suit, to compel the payment of coupons aggregating, it is stated, $20,000 on Green County railroad aid bonds, Judgment was then given against the county in default. The Court at that time ordered the county to levy a sufficient tax to satisfy the judgment, hut no residents of the county would serve as tax collectors. The taxpayers in order to evade the collection of the tax also refused to elect a Sheriff. The present decision of Judge Barr orders that further steps he taken to collect the tax, and inasmuch as the county citizens refuse to serve as collector, the plaintiffs have a right, the Judge holds, to designate any citizen, whether a resident of the county or not, to collect the tax.
Lawrence County, S. Dak.— Bonds V a lid .— We take the following despatch, dat. d Deadwood, November 9, from the Minneapolis "Journal.” “The famous Lawrence County bond suit, which has been in the courts a number of years, was settled this week by Judge Amidon of North Dakota, in favor of the plaintiff, H. L. Jewell. Several years ago the Commissioners of Lawrence County floated $800,000 of 5<t bonds with which to take up the same amount of bonds carrying 10;{. The 10% bonds were not due for ten years and some of the holders refused to surrender them. As a consequence there was an increased indebtedness of the county amounting to about $179,000 of the 5% bonds which had been sold. Three years ago the commissioners attempted to repudiate this much of the 5% bonds. The case has been in court ever since and Judge Amidon decides that the county will have to- pay the full amount of the bonds.”
Macon County, Mo.—Rond L it ig a t io n .—We take the following dispatch from Hannibal dated November 19, 1898, from the St. Louis “Globs Democrat:” “A suit to renew judgment in the case of Bradley A. Griffin of New York vs. Macon County, involving $28,851 10, was filed to-day in the United States Circuit Court. The amount is the'interest und principal of certain railroad bonds issued by Macon County.
Maryland.—State to Sell In te res t in C ana l.—On November 18, 1898, the Board of Public Works decided to advertise for sale all the State's holdings in the Chesapeake & Ohio Canal. Some years ago the State’s interest in the canal was figured at $20,052,724 14, computed as follows: Common stock, $788,- 724 41: preferred stock, $4,375,000; mortgage under Act of 1874, $2,1X0,000; unpaid guaranteed dividends for fifty six years, $14,689,000, and unpaid interest for sixty years, $7 200,- COO. Since there have been further unpaid accumulations of interest. The canal securities have never earned for the State any returns. After the freshet of 1889, which nearly demolished the canal, a receiverwas appointed. Ou October
1890, Judge Alvey passed a decree for the sale of the canal, t ut suspended the operation of the decree until May 1, 1895, and in January, 1894, it was further suspended until May,1901. Ibis was done at the instance of (he trustees of tire holders of the bonds of 1844, a chance being given them to "pi rate dniing these yearB in older to demonstrate that the
ie mad to pay. The State of Maryland owns a majority of the stock of the canal, and the purchaser of this tic k will control the organization of the company. Whether
i hose acquiring the property will he able to get it out of the bauds of the Court is a question. The purchaser of the canal will have intake all risks of prior liens. The lien which mlic priority over all others is the mortgage of 1878 for $500,- nu'i. with accrued interest, amounting to about $300,000 more.' ne tX)n'*s 1 s/j4 arfc Recuted by fi mortgage hip on the reve-
of the -canal and not upon the corpus. These amount, with accrued interest, to almost $6,'000.050 -It is stated that ihe majority of bonds of 1878, as well as those of 1844, are in the hands oi persons friendly to the Baltimore & Ghio Railroad.
N ovem ber 26, 1898.] T H E C H R O N IC LE . 1121
Mississippi.— Am endm ent to the C on s titu tion C a rr ie d .— At the election held November 8,1898, the amendment to the Constitution ceding the control of the Mississippi levees to the United States Government carried by a large majority. These levees have been a source of great expense to the coun ties maintaining them, and their acceptance by the U. S. Government would relieve these counties of a great and increasing burden of taxation.
Montgomery County, Ky.— B on d E le c tion D ec is ion .— 'We have received the following letter from Thomas J. Bigstaff, attorney-at-law, relative to a case brought to determine whether or not the bond proposition voted upon at the recent election received the legal majority. Mr. Bigstaff says:
“ The ease of Montgomery Fiscal Court vb. John C. Trimble, recently decided by the Kentucky Court ot Appeals, nas not yet been published in our Ken tucky Law Reporter or Official Reports. In fact I think the time tor filing petition lor rehearing has hardly expired, so the opinion has not been sent out to the parties. However, I have seen a newspaper report which announces that the case has been reversed. This suit was brought in oar Montgomery Circuit Court by one o f our Magistrates, Squire Trimble, to ^ ttle the question as to whether or not the bond issue carried at the last election. The Acts of 1896 of our Legislature provides that if two thirds o f the legal voters voting on said
roposltion vote in favor of the proposition, then saidiFiscal Court shall issue onds as provided herein. It was tound that two-thirds of ail the votes cast
on ah the questions at the election was not cast in favor o f the bond issue, and it was generaliv thought especially in view of the case o f Belknapjvg. City of Louisville, reported in Ky., page 4*1— that the bond issue did nut carry, so it would seem that the Court of Appeals has taken back its ruling in that case in deciding that twoithirds o f the voles cast on this particular question, and not upon all the questions voted xor. control.”
Norwalk, Conn.—Bonds I lle g a lly V oted .— Some time ago suit was brought to eDjoin the delivery of $3 0,01)0 3J jt funding bonds awarded last August to Farson, Leaca & Co., New York. The ground on which this suit was entered was that the vote authorizing the bonds was illegal, as the notices calling the meeting were signed by the Selectmen’s Clerk, whereas the law says that thev must be signed personally. Judge Wheeler, m the Superior Court, has decided against the town, and a new meeting has now been called, at which the vote will be taken over again.
Oneida County, Wis.—D iv is io n o f Tow n.—The County Board has voted to divide the town of Pelican (consisting of eleven townships) into two new towns, to be named Newbold and Sugar Camp.
Oxford, N. C.—Bonds V a lid .—Judge Purnell, in the United States District Court, recently decided a suit of long standing. In 1891 the town voted to subscribe to $40,000 bonds of the Oxford & Coast Line Railroad Co., and a year later refused to pay them on the ground that the railr ad company was not carrying out its part of the contract. The suit which resulted was compromised by the town subscribing for ODe-half the original amount. Bonds were issued in 1692, and two years later their legality was questioned on the ground that the election was held without authority of law. In 1895 the State Supreme Court held that the bonds were invalid because issued under an Act of the Legislature which had been passed irregularly. It appears that in the Lower House the second and third reading of the bill was com passed on the same day instead of on separate dat s. That decision was appealed to the United States District Court and has now been reversed, Judge Purnell following an old decision of the Supreme Court in which it was held that an Act signed by the President of the Senate and the Speaker of the House is law.
Providence, R. I.—New C ity C h a rte r.—At a recent meeting of the Common Council, the proposed new charter for the city was presented. Under this charter, the city is authorized to issue bonds, which shall be exempt from all taxation under any law of the State of Rhode Island, but it is provided that the limit of indebtedness shall not exceed 10 per centum of the assessed valuation of real estate. The charter also provides that no ordinance authorizing bonds shall be passed unless it receive the affirmative vote of two- thirds of all the members of the Common Council.
South Dakota.—Am endm ents Voted and D efeated .— A t the general election held November 8. 1898, three amendments to the State Constitution were voted upon with the following results as indicated from the latest returns. Women suffrage was defeated by a majority of over three thousand; State control of the liquor traffic, the vote was very close, with the chances slightly in iavor of the proposition. The Swiss initiative and referendum carried by a very large majority. This amendment provides that wheu 5% of the votera of the State petition for a law on any subject that the Legislature Bhall frame such a law and submit it to the voters at the next election.
Vermont.— T a x B i l l D efea ted .— On November 22, 1898, the State Senate, by a vote of 15 to 14, defeated wbat is commonly known as “Governor Smith's Taxation Bill.” This bill passed the House on November 17, 1898, and its purpose was to attract people of wealth to Vermont by offering in ducements through a special board of tax commissioners empowered to make a contract for taxes for a period of not more than thirty years.
Victor, Col. - Bond L it ig a t io n .—Suit has been entered in the District Court against the city by Channing Sweet to recover $945 claimed as unpaid on bonds owned by the plaintiff.
Wilkes County, JT. C.—Bonds Ille g a l.—A recent decision of the Snpreme Court declares illegal $100,000 bonds issued in aid of the Northwestern North Carolina Railroad. The bonds were iksudd Tinder an Act of the General Assefnbly ratified February 20, 1879. IMis Act" was not passed, it iq claimed, in accordance wftn the'mandatory provisions of the CdhStitutidn, fn that there Whs no call' o f the ayes ahd'ijoeS on the Second passage of the bill in the House.
Willapa (Pacific Couuty, Wash.,) School District.— B on d L it ig a t io n .— W e take the following dispatch from South Bend, Wash., dated November 11, 1898, from the Portland “Oregonian
The Marble Savings Bank has instituted a suit to compel the County Commissioners to levy a tax to pay interest coupons due on $5.0)0 worth of willapa school bonds. Tne last interest coupons paid were those dated August l, 1895. Since then the School Board has retused to pay interest, on the grounds that the bonds were illegal, and it legal that other sell >ol districts which have been split off from Willapa since the bonds were voted should pay their share. A suit which was instituted about a year ago against the district by the bondholders was throwu out o f court on technicalities an 1 the merits of the case have never be^u tried. According to the law passed by the last Legislature the Commissioners make the tax levies t » pay interest on all bonds, and they did so in every instance except tnat o f Willapa, where the Board forbade them to do so. The interest now due amounts to $i.o50.
Bond Calls and Redemptions.Allegheny County (P . 0. Pittsburg), Pa.—B ond C a ll.—
The Sinking Fund Commissioners have called for payment January 1, 1899, at the office of the County Comptroller, the following county compromise hoods, dated January 1, 1863, and maturing January 1, 1913: Nos. 562, 563, 564, 567, 571, 572, 573, 574, 573 to 588, inclusive, 590, 592, 594 and 595.
Carthage, Mo.— Bond C a ll.— This city has called for payment 5% bonds Nos. 24 to 73, $5' 0 each, dated August 1, 1891. Interest ceased November 1. 1898.
Chicago (111.) Sanitary District.—Bonds Redeem ed.— O n November 1, 1898. F. M. Blount, Treasurer of this District, redeemed $100,000, which fell due on that date, of the loauof $1,500,000. He also paid interest to the amount of $37,500 on the same issue.
Clearfield (Borough), Pa.—B ond C a ll.—E. L. McCloskey, President, has called for payment at the office of the Borough Treasurer refunding band3 Nos. 35 to 50, issued July 1, 1891. Securities are in denomination of $100 and interest ceased November 1, 1898.
Erie, Pa.—B ond C a ll.—The Sinking Fund Commissioners have called for payment January 1, 1899 (on which date interest will cease), at the office of the City Comptroller, the following bonds issued January 1, 1837, and maturing January 1, 1907, subject to call after .January 1, 1897: Nos. 64 to 117, inclusive, and Nos. 206 to 221, inclusive.
Kent Couuty, Mich.— Bonds to be Redeemed.— In January, 1899, the couuty will redeem $20,000 bonds then maturing after which the county will be entirely out of debt.
Kentucky.— W a rra n t C a ll.—State Treasurer George W . Long has called for payment all re-issued warrants of whatever date or number (being all the pink colored warrants outstanding) and all other warrants which were issued on or before May ill, 1897. Interest ceased November 22,1898.
The State Treasurer has also called for payment December 5, 1898. all warrants of whatever numbers is3ued on or before June 30, 1897, and not embraced in former calls.
Metropolis City, 111.— B onds Redeem ed.—The city has redeemed $4,000 of its water and lignt bonds.
Middletown, N. Y.—B on d R edem ption .— This city has redeemed $12,000 liigh-school bonds which fell due November 1, 1898.
Nebraska. — B on d C a ll. —State Treasurer J. B. Meserve called for payment November 10, 1898, after which time interest ceased, General Fund Warrants numbered from 42,- 503 to 42,651. Amount of call $27,000.
The Treasure also called for payment November 15, 1898, after which time interest ceased, General Fund Warrants numbered 42,652 to 42,891. Amoant of call $30,000.
Mr. Meserve writes us that the total amount of warrants paid since February 5, 1897, is $1,945,000.
Omaha,Neb.— W a rra n t C a ll.— City Treasurer A. G. Edwards has called for payment the following warrants up to and including the number named : General Fund No. 1,440 ; judgment fund No. 278; curb, gutter and cleaning fund No. 547; fire fund No. 4,100; police fund 4,019; sewer maintaining fund No. 463; park fund No. 366; lighting fund 532; health fund No. 455; street cleaning fund No. 25; curb, gutter and cleaning fund No. 17.
Polk County (P. O. Dallas), Ore.— W a rra n t C a ll.— On November 18, 1898, County Treasurer H. L. Fenton'issued a call for all county warrants indorsed prior to May 1, 1896.
Tiptou Couuty (P . O. Covington), Tenu.— B ond C a ll.— John Craig, Chairman County Court, has called for payment December 15, 1393, at the Union & Planters’ Bank of Memphis, bonds of Series “C” Nos. 42 to 47, inclusive, and Nos. 52 and 53.
Washington.—W a rra n t C a ll.—The State Treasurer has issued a call for State General Fund warrants numbered from 28,4)1 to 28,925, inclusive, amounting to $11,873 57, Interest will cease after November 21, 1898.
Bond Proposals and Negotiations thi3week have been as follows:
Albany, N. Y.— B ond Sale.—On November 21, 1893, the $209,000 improvement bonds were awarded as follows: $39,000, due November 1,1899, to the city sinking fund at par; $117,000, due $39,000 yearly from 1900 to 1902, to the National Savings Bank, Albany, at JO 1 -73, 103'73 and 103 375 respectively ;.$39JH).0, due in' 1903, to the Ulster County Sav- ibgs Institution. kingston„at io4j30;' $14.00,0, dqe from. 1904 fo J 908, to the Albany. Sayings InstitqMpq. a't,jlQ3'60.. Following bidders were represented:
1122 TH E C H R O N IC LE . [Voi.. Lxvn.
IT Cht<tAff<ft*J, v, Cjm*|»1*L ttiMWL Vf '&.*» «a 4 N«»: ! « * * * W . itfccrrflR.' W : jf: X >a*. p#Mjlwio.s CakA.***# JwhY'tisjfc* la *4 it «U «n . j tL J , UilUon. Ailm& T,| X■ l i o-Mh. -N«« Vi
?» *4 . *:! v.!-* jli; •.*•*..- .. -.1,4* **■> * * ie «it£»jSr?i. .***:'■ . &•<■♦•;••••**•.it L *««* * V»|V. fti*»St*Sfc..fepeanfer---*-- * i v n* *••*■ a-IL-ee* A %*»m l *«t4-ii>M»l i. ii%m, ilMft
For dr» Hi'?! -a of bond* •••o Curosu. i.k November 13,1808,p_ 191S,
t a s Arbor, Mich.— Bond Sale.—O b November 21, 1898, |3l ' 6 1* *•« paring bonds and >8,981 93 f>$ city bonds wereawarded So the Farmer*' & Mechanics’ Bank, Ann Arbor, atm . .
Uhm*. A lt. Boroi* P r o p o s e d —A bill introduced in the Bsas* Lvgli^atarc permit* tbe city to issue bonds to pay a mortgage on the electric-light plant.
tihens. Ohto.—B ond S a lt,— Following are the bids rec e iv e Nov,-ah-r 19. 189$, for the >5,300 *H street-improvement hood*:} !• » ! . . .* l O . s , . IftSU <W • ta a e t e e b l Bros. O o„CI*v*. **TSySafeaaCnseMsM*. . *o I 1U1*X*, Smith K Oo„Cta<Sn...I t t e ttSM.last CDMtttmll.. «VS8* 60 S. A . Kean, { t o r $9.000)---- «.W7 60* Sutw«f. cuKia . *,saa so I
SacarltH-a mature $190 each six months from March 1,1899, to September 1, 1908. For farther description of bonds see CtusoMCL* November 12. 1898, p. 1019.
Ulanta, Ga.—flood E lection P ro p o s e d — The Lower House . f tie State Legislature has passed a bill amending the charter of the city of Atlanta proriding among other items far * sinking fund commission and for an election in 1893 or IW0 to vote on the question of issuing $200,000 water works tMftte. This Utter question, it will be remembered, was
lit met with defeat, the proposition not w-eiviag tw.> thirds of the registered vote.
Bain bridge. 1‘. —Bond Sate —Following are the bids re- eeirrd ii’ll November 19. 1898, for the $23,000 coupon water- w-ark* bond* awarded to Isaac W. Sherrill, Poughkeepsie, at par for 3-4<n bonds;
fkUft*. ( ftltiS.: sja. '''■ - v.a i r : i r • • tabk< *■"v -n *. i"* - Allan A S*tt6&, Now York--------.3*01*JL n f&nti A , A'*» fork . .3' U i i J1-*©, I’irker A Co., Borton....... 3'<J8Jf?w*iw>*L Frt-.-r .1 C <*. C t o f o i o i n l i I Rmlotpli KlOyboR® A O k, N. Y...8'0JJ8
There were a number of other bids received, which were rejected on v o ut of the non-compliance with the official advertis-unent. generally in that they were for sem iannua l inter, st when the proposal required annua l. Bonds mature $!.■•■' yearly on January 1 from 1904 to 1925. inclusive. For further description of Itonds see Chronicle October 29, 1898, p. 912.
Boston, Ms**.—Loan A u th o r iz e d —The Common Council recently passed a iosn order for $200,000 for the extension of water mains.
Bozeman, Gallatin County, Mont— Bond O ffering.— Tin, city will sell at public sale at the City Hall on December
898. at 12 a., $185,000 55 water works bonds which were voted at the election held on October 4. 1898, Securities will to- ir. denomination of $1,000, dated January 1, 1899; interest wili t«e payable semi annually either in Bozeman or at a bank in the .-tty of New York (to be designated by the City Treas- orer Of Bozeman), at the option of the pnrchaser. Principal w:'.! mature January 1, 1919, subject to call after January 1, 1905*. George D. Pease is the City Clerk.
Bristol County (P. 0. Taunton). Muss. — B ond Offering.— Proposal* will be received until 10:30 a . m . November 29, 1898, by tb* County Commissioners. Edward Mott, Chairman, for $S ’ *4* note* of thia county. Securities are issued un-
- of 1897, and Chapter 470, Acts of 1898. They are in denomination of $20,000, dated November 30,1898. Interest will be payable serai annually and the principal will mature $20,<XW on November 30,1903, and 820,000 November 30. 1904.
11 r w k ton. Xaaa.—.Vn«s R ela tive to Boon —We are advised i r W. If. Emerson, City Treasnrer, that the $100,0(0 loan recently authorized In anticipation of the collection of tares will 1 r negotintel fn am all amounts, as money may be seeded.
f'aftt,. HI. -W a r r a n ts Nut Yet S o ld —In reply to our in- qulrr, Mr. J. S. IL-urdi-n, City Comptroller, inform* us that th<- $2*5,1 * o fd l onfion warrants hare not yet been sold. These warrant*, a* has been stated before, are isausd under an Act of tbs Lagulaturo approved June 11, 1897, and were author !s<d at as election held October 1,1897. They mature $13 000 July J. 1SW0, and $18,000 July 1,1901. Mr. Bearden says that all the work Is now under contract and that ‘•conslder- able mocthly estlmateis will bare to bo paid from now on until the work is completed, Dales a sati.factory premium Is offered soon, tbo warrant# will go to our local money lenders at par,"
Tawbridgs. Xa**.—Bond Sale.— On November 28. 1898, $50,000 S U i water loan bond* were awarded to Perry, Coffin * Burr. Boston, at 1O0'34. Follosring are tbe bida; ’r**’r7,f '-An A n art n i.c R... j C- f»- k ..... I « ll4V? C-T-J8MW Co ?»<r« t nr% .. w t.urr A r ,.
A Co.. VomUiA*........, t # 7 9A W. M «m t A < - - HoA a a .. , i o r t f......ALt«$rtc$^ .. jo**;?
IWnbPF k A Co,, 0o#ti7ft„ ..♦..,,106*8&6 A. II. Rfillinx A BfMi/‘*n,...in<)-M;
9 m , A* r«noA$d A Oct. Boston iG.vift mr*fcr*L Korrftl A CV».. Ho«tof} 105*48 J noo, l ‘*f k 9T A Co.. tUt+i OB... 105*13IUp-** A ... jodryI H * 1 A - M o r x n A 0 © „ N . Y , . * 103-7#
& od» are dated November 1, 1898. Interest will be pny abU MRni annually and tbs principal will mature November
< m to IJI Covnty IP. 0 . CarrellUsl, H j .— D escrip tion o f i * * * u . —T h e turnpike bonds which were rsoentty Toted will mmcnT.t tv, about *i',000 and bear «< tntereet, payable semi- eaaaaily at tba Colnmbt* lusaraac* A Trust 1% , LonUrille
Kv. Fall details of these bonds have not yet been determined.
Cartilage, Mo,— Bonds Voted .— At the election held November 22 the proposition to issue 825,000electric-light plant bonds was carried by a vote of 1,183 to 365. Interest will not exceed 5j, it is stated the plant will probably be in operation within six months.
Cedar Rapids, Iowa .— Bondx Proposed .—On Nov. 18, 1898, a resolution was introduced in the council calling for a special election to submit to the people the question of issuing $125,000 or 4;f bonds for building a public library and city hall.
Chamberlain, Brule County, S. Dak.—Bored Sale.—The city has sold the $15,000 0y refunding water-works bonds which were recently voted. Securities mature September 1,1913.
(.diaries City, Iowa.— B ond Sale.—On November 21, 1898, the $19,000 4J 5-20 year (optional) water bonds were awarded to the First National Bank of Charles City at 100-658.
Chelsea, Mass.— B ond Issue.—The C ity’Treasurer advises us that the city will isssne a 4<£ bond for $51,000 for the payment of indebtedness maturing this year. Bonds will mature December 1, 1911, and will be taken by the Commissioners of the Sinking Fund.
Cherokee County, Kan.— Bonds D efea ted .—At the recent general election the proposition to issue $10,000 bridge bonds failed to carry.
Chicago, IU .— B on d O ffe r in g .—Proposals will be received until 3 p. it. December 8, 1898, by R. A. Waller, City Comptroller, for $98,000 3J4£ gold refunding bonds, Securities are dated January 1,1899, and mature January 1,1919, They are in denomination of $1,000. with interest payable January and July at the American Exchange National Bank, New York City. A certified check for 5-t of the amount of bonds applied for must accompany proposals.
Chicago Junction ( Village), Ohio.— B ond O fferin g .—Proposals will be received until 6 p . m , (Central standard time) January 5, 1899, by Louis Simmermacher, Village Clerk, for the $10,0C0 -V water-works extension coupon bonds voted at the recent election. Securities will be in denomination of $1,000, dated January 2, 1899; interest will be payable February 1 and August 1 at some national bank convenient to purchaser and Council of said village, as they can agree. Bonds will be numbered from 26 to 35, inclusive, and will mature one bond yearly on March 1 from 1926 to 1935, inclusive. Bonds are authorized by Village Ordinance No. 149, passed November 15, 1898. Each proposal must be accompanied by an amount of money, certified check or draft on some solvent bank in Ohio m a sum equal to o f of the par valne of the amount of bonds bid for, payable to the order of the Village Treasurer.
Chisago County (P . 0. Harris, Minn.,) School DistrictNo. 43.—Bids.—Following are the bids received November 17, 1898, for the $3,000 school bonds:Bank o f Rush City................ 13.130 00 I Minnesota Loan & Trust Co..$3,115 00Kane & Go., Minneapolis...... 3,127 60 8. A . Kean, Chicago............ . 3.100 50F. H. Wolf. Harris............. . 3,120 00 | U. M. Stoddard. Minneapolis.. 3,080 00
Cincinnati, Ohio.— R e fu n d in g B ond s Offered .—Proposals will be received until 3 p. M. Dec. 20, 1898, by the Board of Trustees of the Cincinnati Southern Railway, E. A. Ferguson, President, for the privilege of extending the time of payment of not more than $8,000,000 bonds of the city of Cincinnati, issued under an Act of May 4, 1869, for the conduction of the Cincinnati Southern Railway. The old bonds are dated July X, 1872, and mature July 1, 1902; $494,- 000 bear 1% interest and $7,644,000 7-3ri The extended bonds will be issued under an Act of the General Assembly of Ohio, passed April 25,1898. They will bear interest. The reduced and additional coupons will be payable at the American Exchange National Bank, New York City. Those coupons due January 1, 1899, to be paid at the old rate. Maturity of extended bonds will be July 1, 1940.
The o ffic ia l n o tice o f this bond o ffe ring w ill be fo u n d am ong the advertisem ents elsewhere in th is D epa rtm en t.
Cleveland, Ohio.— Loan A u thorized ..—On November 21, 1898, tbe Board of Control authorized the City Auditor to borrow $18,000 to pay damages caused by widening Euclid Avenue.
Clinton County (P . 0. Carlyle), 111.— B on d O ffe r in g .— Proposals will be received until 13 m. December 5, 1898, by the County Board, Nic. Waller, Chairman, for $17,000 H rein riding bonds. Securities were authorized at the election held November 8, 1898, by a vote of 1,121 to 95. They are hsued under Chapter 34, Section 40, Laws of 1897. Bonds are dated January 1,1899, and mature 10 years from date of issue, subject to call after 2 years. Interest will be payable January and July at the office of the County Treasurer. The successful bidder will be required to deposit a certified check for $500. The total debt of county, including this issue, is $90,000. The assessed valuation is $3,116,000, about one- third actual value. The population is about 20,000, The eoastitutional limit o f debt is S f of valuation
Colchester (Town), Conn.—Bond Sole.—On November 23, 1898, the $8->,000 ( ( town bond* were sold to the Chelsea Saving* Bank, Norwich, at 107'02. Following are the bids: • . . . . . .
N ovem ber 26 laas.j T H E C H R O N IC LE* 1123
Chelsea Sav. Bank, Norwich...... 107-02 N. W. Hams & Co . New York.,. ,1'6 1/Farson, Beach * Co., New York..107-03 Denison, Prior S Co., Boston.....105 koE. C. Jones Co.. New York......... 106-78 I Jose. Parker & Co.. Boston........ 105 03Norwich Sav. Society, Norwich..106-63 S. A. Kean, Chicaeo....................105V0Street. Wvkes * Co., New York..106-51 Parkinson & Burr, Bostjn ........101 33E. H. Gay & Co., New York........106-27 1 Rines & Cummings.................... 101 ,8
Principal will mature $1,000 yearly on May 1 from 1900 to 1934, inclusive. For description of bonds see Chronicle of last week. p. 1072.
Columbus, Ga — N o Bonds a t P re s e n t— W e are advised by Mr. J. S. Matthews, City Treasurer, that the city of Columbus does not contemplate issuing any bonds at this time, Mr. Matthews says that the present Council is largely in favor of issuing bonds for new water works, but, owing to the depression brought about by four-cent cotton, they do not de6m it advisable to put out bonds.
Columbus, Ohio.— Bonds A u th o r iz ed .—On November 21. 1898, the City Council authorized the issuance of $2,0(j0 4% bonds for the improvement of Latta Ave. Securities are in denomination of $500, dated September 1,1898. Interest will be payable March 1 and September 1 and the principal will mature 10 years from date of issue, subject to call after 4years.
Cook County (P . O.J Chicago), 111.—B on d [O f fe r in g — Proposals will be received until 1:30 p. m. November 28, 1898, by Board of County Commissioners, at the office of D. D. Healy, Acting Superintendent of Public Service, for $750,000 4% gold refunding bonds. Six hundred bonds will be in denomination of $1,000 and three hundred of $500 each, dated January 1,1899. Interest will be payable semi-annually at the office of the County Treasurer. Principal will mature $37,500 yearly on January 1 from 1900 to 1919, inclusive. A certified check, certificate of ^deposit or currency in the amount of 2% of the amount bid must accompany proposals.
The officia l n o tice o f th is bond o ffe ring w ill be fo u n d am ong the advertisem ents elsewhere in th is D epartm ent.
Council Bluffs, Iowa.— Bonds to be E x ch a n g e d -Loca l papers state that the $150,000 4%% bonds recently authorized to take up warrants issued prior to the present year will be tendered in exchange to the holders of these warrants. This plan was made necessary, it is stated, on account of the fact that the city is so near to its constitutional debt limit that bonds could not be first gold and the warrants redeemed later irom the proceeds of the sale. Mr. Frank True, City Finance Agent, will arrange, if possible, with some agent who will purchase the warrants from their present holders and exchange them for the bonds.
Crookston, Minn.—B on d O ffering .— Proposals will be received until 8 p. m. , December 6, 1898, by William A. Lanc- tot, City Clerk, for $30,000 5% bonds. Securities were voted at the recent eh ction for the following purposes:I <5,000 water-works bond*. Vote, 497 to 181.16,000 City Hall bonds. Vote. 540 to 81.6,500 sewer bonds. Vote, 466 to 141.2,600 street and bridge bonds. Vote, 610 to 97.Securities bear date December 1, 1898, and mature Decem
ber 1,1918. Interest will be payable semi-annually at the Hanover National Bank, New York City. A draft or certified check for $500 must accompany proposals.
Danville (Caledonia County, Yt.,) Fire District.—Bond O ffering .—Proposals will be received for the purchase of $9 - 000 bonds to fund debt of the fire district. Details of bonds will depend upon the bid accepted. We are advised that an offer has been received from the National Life Insurance Co. of Montpelier to take the bonds bearing 4% interest.
Denver, Col.—B ond Issues.—On November 10, 1898, the following local improvement district bonds were awarded to contractors in payment of estimates of work done:$7,600 Logan Avenue Improvement District No. 1. to John M. O'Rourke.
1,200 I4tb street Viaduct bonds, to Chas. Connor.18,400 14th Street Viaduct bonds, to McGilvra* Stone Co.
800 l$th Street Viaduct bonds, to Jno. GoflVey A Co.,9,600 14th Street Viaduct bonds, to A. J. Tullock.Des Moines, Iowa.—B on d O ffering .—Mr. John MacVicar,
Mayor, writes us that the city on Nov. 28, 1898, will offer for sale $60,100 bonds to fund a like amount of general warrants. Securities will be in denomination of $1,000. Principal will mature $5,000 yearly on December 1, from 1905 to 1916, inclusive. Mr. MacVicar says that they have received an offer of on the $60,000. The date of the bond offering as published last week was an error, owing to a clerical mistake in a report made to ns on the subject.
B ond News.—Regarding the offer of Farson, Leach & Co., Chicago, to refund about $325,000 bonds now outstanding, Mayor MacVicar writes that the city has not yet decided whether or not they can issue the new bonds.
Dover, N. H.—Te~-*+orary L o a n .—The city has borrowed $13,000 t o r the cemetery trustees, loan maturing in 6 months
Dnncannon, Pa.—B on d Bale.—On November 15, 1898, $5,000 of the $7,500 4% bonds were awarded to the Reedsville Bank at 101. Following are the bids:Keedsvllle Rank (*5.000)........101-001 Allen Mectlne (*600).....................100-00Robert L. Forest (*7,500).------------ 100*85 | P. L. Duncan ($6001 ...... 100*008. A. Kean <$7,5MU&4&ft()...-........ 100*00 Frank Pennell (f20O).................101*10David Boyd ($l,50o)................... 100*00 |
The remaining $2,500 bonds have not been awarded as yet. Bonds mature 30 years from date of issue, subject to call after 10 years. For further description of bonds see Chronicle November 12, 1898, p. 1020.
Elkhart Lake. Wis.—Bonds V oted .—At the election held November 16, 1893, the issuance of $5,000 water-works bonds was authorized.
Essex Junction, Chittenden County, Vt .— B on d M eeting . —We are advised that the question of issuing $35,000 waterworks bonds will be brought before the annual meeting of the village next April.
Eufanla, Ala .— B onds Proposed .—The State Legislature has under consideration a bill authorizing this city to issue bonds.
Fayette County (P . 0. La Grange), Texas.— B on d S ale .— The $13,000 county-bridge bonds recently registered have been sold to the Permanent School Fund of Fayette County at par.
Fremont, Ohio.— B on d O fferin g .—Proposals will be received until 12 m., December 12. 1898, by Charles F. Bell, City Clerk, for $11,700 4% refunding bonds. Securities are issued pursuant with Section 2,701 Revised Statutes of Ohio, and the Act amendatory thereto, and authorized by ordinance passed November 2, 1898. Bonds are in denominations of $700 and $1,000, dated November 1,1898. Interest will be payable April 1 and October 1, and the principal will mature April 1, 1908, subject to call as follows : $1,000 yearly on April 1, from 1899 to 1906 inclusive, $2,000 in 1907 and $1,700 in 1908. A deposit of $100 or a certified check for that amount payable to the City Clerk must accompany proposals. Proposals will be received at the same time ana place for $4,000 4% water-works extension bonds. Securities are issued pursuant with the same section as above. They will be in denomination of $500 each, bearing date November 1, 1898. Interest will be payable April 1 and October 1, and the principal will mature April 1,1906, subject to call one bond yearly after April 1, 1899, A deposit “of $100 or certified check for this amount, payable to the City Clerk, must accompany proposals. All bids must be unconditional.
Georgia.— N o B onds to be Issued .—Regarding the report in one of the papers that the State Legislature was considering the issuance of a new series of 2% bonds, Mr. W. J. Speer, State Treasurer, writes ns as follows: “ No such issuance of bonds is contemplated. We cannot issue any bonds until 1915, unless onr State Constitution is altered.”
Glen Rock (N. J.) School District.— B on d Sale.— O n November 18, ls98, $4,000 5£ 9%-year (average) school bonds were awarded to Walter Stanton & Co., New York, at 104-10. Following bids were received:Walter Stanton & Co., New York. 104*10 j 8. A. Kean.Cnicago....................104*07Kdw. C. Jones Co., New York 104*09 C. Zabriskle. Jersey City............104*06Dan’l A.4Moran A Co.,New York.104*08 1
Hackensack, N. A .— Tem pora ry L o a n .—The city has negotiated a loan of $25,000 with C. Zabriskie, Jersey City, at 5% interest. Loan matures May 1, 1899.
Huntsville, Ala. Bonds Proposed .—Bonds to the amount of $20,000 are provided for by a bill now being considered in the State Legislatui e. Another bill provides for the issuance of $4,000 sewer bonds.
Indianapolis, Ind.—Bonds P roposed .— At, the meeting of the City Council on November zl, 1898, a recommendation was received from Comptroller Johnson that the city issue bonds at to refund the $110,000 4s issued in 1889 as railroad aid bonds; that issue provided that the city might pay off the bonds in 10 years, if it so desired. The Comptroller, it is stated, is assured that new bonds bearing 3J % interest would command a premium, and thinks it would therefore be worth while to refund the issue of 1889.
Juckson County, Ala.—B onds P rop osed .—A bill authorizing the issuance of bonds for the purpose of macadamizing roads is being considered in the State Legislature.
Jessamine County (P . 0. Nicholasville), Ky.— Bond Sale. —It is reported that the Fiscal Court has sold to W. J. Hayes & Sons, Cleveland, at par, $33,000 turnpike bonds ana $36,000 refunding county railroad aid bonds.
Jo Daviess County (P . O. Galena), 111.—Bonds Defeated .— At the election held November b, 1898, the question ot issuing $20,000 court-house bonds was defeated by 450 votes.
Limestone County (P . O. Athens), Ala.—Bonds Proposed . —Local papers state that a petition will be presented to the General Assembly asking for authority to issue bonds for free turnpikes, subject to a vote of the people of this county.
Lincoln, Neb.—B on d Sale.—On November 14,1898, the remaining $50,500 of the $139,(00 4}4% refunding bonds were sold to N. C. Brock, Lincoln, at par. Mr. Brock submitted a private bid; there was no advertised sale.
Long Beach (Cal.) School District.—Bonds D efeated .—The proposition to issue $10,000 school bonds failed to carry at the recent general election.
Lorain, Ohio.—B on d O ffering .—Proposals will be received until 12 m. December 9, 1898, by G. A. Resek, City Clerk, for $30,000 5% river improvement bonds. Securities will be in denomination of $1,000, dated July 15, 1898; interest will be payable January 15 and July 15 at the Chase National Bank, New York City. Principal will mature $5,000 yearly on July 15 from 1925 to 1930, inclusive, but the city may at its option pay any or all of said bonds on the 15th day of July, 1908, or on any subsequent interest-bearing period, by publishing notice thereof for four consecutive weeks, ninety days prior thereto. Bonds are issued pursuant to sections 2835, 2837 and 2637a of the Revised Statutes of Ohio, and of city ordinance No. 473, passed Jane 14, 1898, and No. 475, passed July 12, 1898. Each proposal must be accompanied tiy an amount of money, or a certified check on some bank in Lorain in the sum of $500. Bids must be made on blank form furnished by the city, and bidders must be satisfied as to legality before bidding
McKeesport (Pa.) School District.— B ond O ffe r in g .— Proposals will be received until 6 P. *M. December 2, 1898, for the
1124 (Vol. LXVIITHE CHRONICLE.
tVKM-MO M t
kat*-Tr#-t witm M©Et*«p
sav abb*? »t io M ssua n ** til,
$UM> X* <H <1Si«k!
.*•»!,»! bond* recently authorized. Securities ,n.limitation of $1 ,000, dated .Lin nary 1. 1SW»; i t <■ t< usd will be payable wmi Mninally '- pfK jujsitio®* nmv bo made on serial, optional. »r iiiraighit bonds, " Bond* are issued under the Mr D. I’. Smith. Secretary of the Board of Edu- a,-r» h»# never been « default in the payment of » by She ilia trie!.Ohio.—A n d Hale.— O n November 21, 1898, the ebt **xI,*r.„ioxi bonds were awarded to the Mans- Bank at 101 >65, Following are the bids:a Hint ( Flf*g Kftt,. Baft*. HaIWMCTHIc JOl’flftO><- raount ..! 101 *60 ] «_ X Cxk. Ct#Ho»Atl 104*40
Rond. mature December 1,1899. For farther description of bonds e- t *.:• i i 1 ’.-’.'iber 22, !*•«', p. *<.13.
Marietta, d k -B rn d t Proposed*— rnss city is considering she ,jU, stion of issuing bomls for ii sewerage system. Mr. W. M Sra.s-Ums, Mayor, in writing to us on the subject, states that st wiil be souse time before the matter will be settled, *ad that the proposition must first be submitted to a vote of the people before the issuance of bonds.
Minneapolis, MIiui. -Bon,/, are D efeated .—Later returns show that she proposition to issue $80,OCO bridge bonds was defeated at the recent election.
Minneapolis) Minn.), School M lM r lc L — Doubt as to Bonds Ha CO) J l i t , t of erf. —Air. Wallace Q. Nye. City Comptroller, writ, » a# that the proposition to issue $200.000 school bonds .ltd cot re, etv„ • a two thirds vote of all the legal voters of «n<-h city present and voting." In commenting upon the re- • ill, Mr Nye -air: “ The proposition did, however, receive the affirmative voles of two thirds of the voters who voted
m and there is some question as to whether that is not what the law contemplates as sufficient to authorize the inane. i wo years ago the Legislature under similar conditions declared lwcd* already voted upon legal, providing they had received t«ro-thirC» of the votes cast upon the gu ts fid; of their is* nance. It may do so in the present case, ;n which event the bonds wiil be put on the market in March or April next."
MinDeMitu. Bond S a lts .—The State Permanent School Fund recently made loans aggregating $7,510 to the following school districts :
t -jfttr CV'riJitj, No. kv I KonrilloCounty,No. 127. i i t v ir ' i nr*!.* N‘ Wilkin t’siuaty. No. 3. I Otter Tati Co.. No. 2u0Hr&»n t only. No. >VL I Ijm- PaH©GO,. No, 101. I Nicollet County, No. 40. v.Tif •. . r,’ y. N i i j l i ar Omni?. No. *6. BIk .“-tone County, No. 44.
Ck'-i*fei.y, N<* t*#. I Fine County, No. SO. 'Loans range,! from $800 to $750 for each district.Montgomery, Ala.—Bonds Proposed.—The City Council
has tiudrr consideration an ordinance providing for theissu- snee of $30,000 Os street improvement bonds. Securities, if authorized, will be in denomination of $100, dated January 1, and mature one-twentieth yearly.
Koatgomer] i minty 1 1’. 0. RoekriUe), M i-B e n d S a lt.— On Nov,-tuber 28, 1898, the $25,000 1? turnpike bonds were awarded to W. J. llayee ft Sons, Cleveland, at 105-808 and all expense* of the heue. Following are the bids:w j n*y<c9 £ 1u6_h «S j Montgomery County Nmlonitlter* Ifcf *•.. rblt*4»4j>blft ..•l€W7ft& Hallk. Kockvlllft... .................105*00pLs«. • JcftmCo. Svw York. •I'A'. 'Xt I l>i*4il»*,n. Prior A Co., Boston .. IOC80
*• k **? *“'. * 'U'-If! lo;, ;w i n . \Y. Uarrla A'Co., New York...104*50 ! K* 0. HOoppanl A Co., S . Y....... I01*t8
Principal will mature one bond ($500) yearly on January 1 Crum li*xi to tWfl, inclusive, For description of bonds set Ctti!«‘Sl‘ i.r.of November 5, 1898, p. 988
Mount Vernon, N. X .—Bond Bate —On November 28,1898 the $25 >“«> <J aaei-Hument bonds were awarded to W, Holman Carr & Co,, Boston, at 109 818. Following are the bids:
I lb •ttvfhnl'* * Co.. Nuw York,. .1CB-0I N w ll.rrl. 4 s„w V.jrk. ..10S-8! I St root, W Tk.-» * «•„„ N,' w York iqs-81 I Syrwoor a N„„ Vorlr.lWSt 1 A Cr,trill. New Y.irk..,.u,S-7!! 5!-- '.i-"” .! 9on*. Clo»«l»ml..loa-7:— --- ---------—- , “ u. Vsn \ lock. Wos York...,,108-SI
IVriiclfl mature November 1, 1904. For further description of b rad* sea CltROMCLK November 19, 1898, p. 1074.
New York City.—-Bond* .1 ufh ortza i.—The Board of Estl- ini,),, ar.d Appirti.jDui.mt on November 23, 18i(8, authorized th„ i*jrujince of about $50,(X 0 bonds for new school sites contract*"! (or by the city prior to the consolidation.
New York State —Bond rate,—Oa November 23, 1898, the $W0,'**j $t } t public detente bonds were awarded to Abraham while. New York, at average bid of 103*105. Following are the bids: *
W. ttatmae C*Tf 4 C*., !1<>«L»41l Joirs-iHW*lt*r JH4M»t*4) M Cd*. S. V.. ,. ig» 2T6u a , Hcwtkit* A Ok N«rw York*iw «. r*?%«t a £!<»- ItttMbm,- * *
a >'Aeirr*. N«hm York*..A •***rita, ?»m» York.,., , .,lMhP0kIN*, U ionMV» Osk, NVw VorlL,
f (MtWhiiA 1'*<•<! ••» j*„Y. (9*4i
fioocw w tm |
10),CQO j
HwtP* Kuk M Honix k. V ! *901 tldO,
1 i. A. rWntwpli »I*'*1? - l"" i j {£*.. iw
- KKTOO .‘>00 101*60 ,000 l"TH5 OjjV 10«*UJ
b TtiWkt. iftTrarA H. Y ’ |G*-<feEM i KiHIro iftmHA. Rreftfi-ChlrxMTo Ul.‘*>0 1 (7*4*61i«.. tokoss *.*. lone® ,'M>o l«Kr?7 ,000 100*05 .0«X» 101 12 .COB I0«*Y7 ,000 li.llOvoo ioi*nn.o 0 101*72 oow 102X0
- t**r A c* _ rv« | IV*". rrur.rtmb A J«*i**« L Ht Aii-* A MwvreM. J<*p., H. IloUrer- U»>.;4 f.4,. S. V. J '»4.; 50r A r>-__ y*m
tL> "> V 1'YHif i . ] jofii i
- ] if, fc)1 f!»<«■; t&, KI^otUIrSmt, UWd. t, Batik..... H»>« h| Hat.
55RSBr!r: §
19T14 I
0rlr,*n*.
§100.000 vearl For further <i
y on November l frot eicripiioo of bonds it*
a 1902 to kjChhon*
I.*.— prQp&mjl#/of L iq u id a tio n o f IN a im s .— he Board
ipc&nlji, afp intuM fiatl! Eh*<‘ero -r Of t
! of Liquidation of the City Dsbt for the sale of claims evidenced by financial ordinances and judgments against the city for debts incurred between 1879 and 1895, inclusive, payment of which has not been heretofore provided for out of the reserve or permanent public-improvement funds of the city for the years 1898 to 1898. inclusive. This offer does not include claims of school teachers for the years 1880 to 1884, payment of which is cow being provided for by the city. These claims are to be paid at the option of the Board of
; Liquidation, either in cash or 4% 50 year bonds. Each pro- | posal must state the lowest price at which the claim or judgment w ill be sold by its owner
Niagara Falls. N. XTem porary Loan.—The city has negotiated a loan of $10,000, one-half with the Power City- Bank and one half with the Bank of Niagara. Loan was made in anticipation of the collection of taxes, and matures about January 1, 1899. Interest is at the rate of 4%.
Oakman, Ala.— Bonds P roposed .—The authorization of school bonds to the amount of $5,000 is being considered in the State Legislature.
Orangetown (N. X.) Union Free School D istrict No. 3.— C o rre c t io n .- Owing to a typographical error in last weels s C h r o n i c l e the bend offering of this district was given under the head of Orangetown, Neu- Jersey instead of New Y ork .
Parkersburg, Pa.—No Bonds to be Issued a t P resent.—YVe are advised that the $20,000 school bonds voted at the recent election will not be sold until next year. These bonds w ill most likely be taken by borne investors.
P o rt Chester, N. Y .— Tem pora ry Loan.—The village has borrowed $3,000 for payment of bills until money is received from the recent sale of bonds.
Port Clinton, Ottawa County, Ohio.—B on d Sale.— On November 19, 1898, the $1,400 5* funding bonds were sold at 101-875. Principal w ill mature one bond of $300 every six months from March 1, 1900, to March 1, 1903. For descrip tion of bonds see Chronicle of October 39,1898, p. 914.
Racine, Wis.— Bonds V o te d — The City Council has voted to issue the $33,000 school bonds authorized at the election held on November 8, 1898.
Reno, Ner.—B on d Sale Pos tp on ed .— W e are advised that the sale ot $130,000 G% water-works bonds, bids for which were asked for until November 13,1898, has been postponed until 7:30 P. M. December 13, 1898. A mandamus suit in it e State Supreme Court caused the postponement, and no bids were opened at the original hour of sale.
Saginaw. .Mich, — bond O fferin g .—Proposals w ill be received until 2 p . M. November 30, 1898, by Arthur F. Lewis, Comptroller, for $15,000 4% water bonds." Securities w ill be in denomination of $1,090, dated December 1, 1898; interest w ill be payable semi-annually at the office of the City Treasurer or at the current official bank in New York City. Principal will mature December 1, 1919 Bonds are issued under authority of the City Charter and a resolution of the Common Council passed at its regular session October 31, 1898. Each proposal must be accompanied by a certified check on some Saginaw bank or New York draft payable to the City Treasurer, for 2% of the par value of amount bid for.
St. Mary’s (V illa ge ), Ohio.— Bond O ffe rin g .— Proposals will be received until 13 h . December 13, 1898, by C. T. Hoffer, Village Clerk, for 21,000 highway-improvement bonds. Securities are in denomination of $1,000, dated September 1, 1898; iaterest w ill be payable semi-annually. P rin cipal w ill mature September 1, 1918. Bonds are issued in compliance with the Revised Statutes of Ohio and V illage Ordinauce No. 197, passed the 18th day of October, 1898. Each proposal must be accompanied bv a certified check or certificate of deposit for $200.
Salem, Mass.—L o a n A u th o r iz ed .— The City Treasurer has been authorized to borrow $80,000 from time to time, in such sums as may be needed, until the collection of taxes.
Sanger (Texas) Independent School District.—Bonds N o t to be Issued a t Presen t.— In the Chronicle of October 8, 1898, we stated that proposals would be received “ at aDy and all times until the bonds were sold” for $4,000 6* school bonds of this district. We are now advised that, owing to the ruling of the Attorney General, the district cannot issce $4 000 in bonds based on the 1898 valuation, and as the school building it is intended to erect w ill cost from $4,000 to $5,000, it has been decided to postpone the issue for a few months. The Secretary says : “ We are quite certain that the 1899 taxable values will carry a bond issue of $4,000 to $5,000, and just so soon as these values are known, we w ill issue from $4,000 to $5,000 C,% 5-20-year optional bonds."
Snn Antonio, Texas.— Bonds A u th o r iz e d .—On November J1, 1398, the City Council by unanimous vote decided to issue the $432,500 refunding bonds to which reference was made in the Ch ronicle of November 5. 1898, p. 970.
Sednlia (Mo.), School District.—B ond O ffe rin g .— Proposals will be received until 7:30 p. m . December 15, 1898, by A. W. McKenzie, Secretary Board of Eiucation, for $23,009 41 ;■ - refunding bonds. Interest will be payable iu St. Louis and the principal will be due in 1919. A certified check for ' 0, payable to A. W. McKenzie, Secretary, must accompany proposals.
South Omaha, Neb.—Tem porary L o a n .—The Mayor writes ns that, on November 1, 1898. the 85,000 refunding district pa -unr loan war negotiated with the Packers’ National B nk South Omaha for six mouths at 10%.
Tarrant County (P . O. Fort Worth), Texas.—B on d Sale.- On November 19, 1398, according to reports, this county
N ovem ber 26, 1898.] T H E CH R O NICLE . 1125
gold $131,000 1%% refunding bonds to the Byers Investment Co. at a premium. This issue is to refund a like amount of bonds which bore 54 interest.
Tillamook (Tillam ook County), Ore.—No Bonds atPresent.—It has been reported that this city would issue $15- 000 bonds to purchase the plants of the electric light and water companies. W e are advised by the City Recorder that no bonds w ill be issued this year, and that no vote has yet been taken on the question; the matter is simply that the companies owning and operating the light plant and water works are trying Lto get the city to purchase the same.
Tuskegee (Town), Ala.—Bonds Proposed—A bill now being considered in the State Legislature provides for the issuance of $30,000 water-works and electric light plant bonds.
Utica, N. Y .—Bands Authorized.—The issuance of the following bonds has been authorized: $1,000 bonds for the street-cleaning fund, $2,000 bonds for the bridge fund and $9,000 bonds for the street-lighting fund.
Yersailles (Woodford County), Ky .—Bond Offering.— This city w ill sell at public sale at the court house on December 1, 1898. at 11 a . M., $1,000 6* school house coupon bonds. Securities w ill be in denomination of $500. Interest w ill be payable semi-annually and the principal w ill matnre $1,000 yearly on January 1 from 1901 to 1901, inclusive. Bonds are issued under authority of Kentucky statutes governing cities of the fourth class. The official circular states taxable property to be worth $1,100,000; total indebtedness, $2,000; population, $3,000. Also that the city has never de faulted in payment. Jas. W . Miller is the Mayor.
Wakefield, Mass.—Bond Sale.—E. H. Gay & Co., Boston, have been awarded $12,000 14 1-20-year bonds at 107-03.
W aller County, Texas.—Bond Issue.—Local reports state that on November 17, 1898, the County Commissioners entered into an agreement with Rudolph Kleybolte & Co., Cincinnati, to refund $30,000 64 court-house bonds now outstanding by an issue of i%4 bonds.
Wamego, Kan.—Bonds Voted —A t the election held recently the proposition to issue $25,000 water-works bonds was favorably voted upon.
Waukesha, W is.—Bond Sale.—The city has issued to G Maffioli. contractor, in payment for work donein paving Main Street. $8,613 96 6% special assessment bonds. Interest will be payable March 1 and September 1 at the City Treasurer's office. Principal will mature one-tenth yearly on March 1 from 1899 to 1909, inclusive.
Wayne County, Neb. Bond News —We are advised that owing to the severe blizzard prevailing at the time, a quorum of the Board of Commissioners did not attend the meeting called for November 21, 1898, for the purpose of determining the details of the $25,000 court house bonds recently voted. A special session has been called for November 28 for this purpose.
West Bay City, Mich.— L ran Negotiated.—We are advised that the $5,000 loan recently authorized by the Common Council has been negotiated.
Westerly, R. I . — Temporary Loan.—The town has negotiated a 60-day loan of $10,000 at 2%4.
Bond* Proposed.—A meeting w ill shortly be held to take action on the recommendation of James M. Pendleton, Town Treasurer, to issue about $80,000 water bonds and $30,000 refunding bonds.
W ilkinsburg (P . O. Station D, Pittsburg), Pa.—Rond Offering.- Proposals w ill be received until December 1,1898, for $30,000 44 20-year (optional) street-improvement bonds of this borough. Interest w ill be payable at. the First National Bank, Wilkinsburg. James D. Siorer is Secretary of the borough.
W lllim antic. Conn.—City Meeting —At the annual city meeting to be held December 5, 1898, the question of establishing a sinking fund for the payment of the city’s bonded debt and also a sinking fund to be laid aside from the reve nne of the water works for the purpose of meeting the water bonds when they fall due, will be voted upon.
Windsor, Conn—Loan Authorized.— At the town meeting held November 14. 1898, the Selectmen were authorized to borrow $6 000 for current expenses.
Winneshiek County (P . O. Decorah), Iowa.—Bonds Defeated.— At the election held November 8, 1898, the proposition to issue $75,000 court-house bonds was defeated.
Woodford County ( P. 0. Versailles), Ky.— Bond Offering. —This county will sell, through its Fiscal Court, at public sale on December 1, 1898, at 11 a . m., at the Court-House in Versailles, the $40 000 44 turnpike coupon bonds which were voted at the recent election. Securities will be in denomination of $500, dated January 1, 1899; interest will be payable semi annually in New York City. Principal will matnre $'-.500 yearly on January 1, from 1904 to 1919, inclusive All bidders must deposit with James W. Smith. County Treas urer, before the honr of sale, a certified check payable to him for the sum of $500. The official circular states that the bonded indebtedness of the county, including this issue, is $90,000; there is no other debt of any kind, except current expenses, and the county has never defaulted.
Youngstown, Ohio.— Bond Offering.—Proposals will be received until 2 v. m., December 19, 1898, by F. C. Brown. City Clerk, for $1,000 54 Hayes Avenue sewer bonds. Securities will be dated January 1, 1899. Interest will be payable semiannually at the office of the City Treasurer, and the principal will mature $250 yearly on October 1 from 1900 to 1903, inclusive. Bonds are authorized by city ordinance.
STATE AND CITY DEBT CHANGES.Canton, Conn.—J. H. Bidwell, Treasurer,
in Hartford County.This town is
LOANS— W hen D u e .Notes, $5,000.......................... 1900
“ 5,000........................ 1905“ 5,000.......................... 1910“ 7,000.......................... 1915
Funded debt Sept. 15, ’98..$22,OOOF loa tin gdebt...................... 5,248Total debt Sept. 15,1898.. 27,248 .
Lansingburg, N. Y.—Frank H. Miter, Clerk, is in Rensselaer County.
Cash, sinking fund, etc.. $5,102N et debt, Sept, 15,1898. 22,146Assessed valuation 1898.1,558,686 Assessru’t about 65% actual v a lu e . T a x rate (Tow n) per M.
1897................................ $13-00Popu lation 1890.............. 2,500Popu lation 1897 (est.)... 3,000
This village
LOANS- -h i le r e s t . - -P r in c ip a lNAME AND PURPOSE. R ate. Payable .
. . . 4 M Sl SW hen D ue.
1904do ................... . . . 4
.. .. 4A & 0 M & S
Oct. 1, 1910 1914
do ...................do ...................
. . . 4 . . . 4 . . . 4
M & S M & S M & N
19241934
Nov. 1, 1938. . . . 4 J & J Ju ly 1, 1939
M ay 1, 1941 ! $2,000 on A p r. 1 \ each y ’r until p ’d.
. . . . 4 M & NSewer bonds................... . . . 4 ^ A & o ]
O uts tand ’g.$20,000
15.00030.00040.00060.00025.00010.000 15,000
j 17,333do .1892.
8chool bonds....................... 4do do ....................... 4
1904-1912 <P5,000 yearly, j
189945.000
2,00024.000
INTEREST on the w ater bonds due Oct. 1,1910, is payable at tbe bank of D. Powers & Sons, Lansingbu rg; on the sew er bonds, at tbe Treasurer's office; a ll other bonds at N at. B ank of Commerce, N e w York.
T O T A L DEBT.—The total bonded debt on October 31, 1898 w as $277,333, including w ater debt o f $215,000.
ASSESSED VALU ATIO N In 1897 w a s : Real estate, $6,130,620; personal property, $503,142; total, $6,633,762; tax rate (per $1,000) $7-35. The assessment is about 80 per cent of actual value. Total valuation for 1898 w as $6,365,997.
P O P U L A T IO N .—The population in 1892 w as 11,048; in 1 89 0 itw as 10,550; in 1880 it w as 7 ,432; in 1898 it w as (estim ated) 12,016.
Loraiu County, Ohio.—G. H. Lewis, County Auditor. Elyria is the county seat.
LOANS— WAen D ue.Ch il d r e n 's H o m k B o n d s
e s , F& A , $35,OOO.Aug. 15, 1899 to A ug . 15, 1910
($2,000 due in 1899 and $3,000 yearly.)B r id g e B o n d s -
48...........$175,000 Mar. 1,1899,10($5,000 every 6 mos.) M ar. 1,1916
Bonded debt Oct. 2 1 ,’98. $210,000 Asses'd valuation, rea l. 12,404,478 Asses'd valuation ,per’l . 6,640,556 Total valuation 1898..19,054,034 Assessm 't about 35% actual value. State A Co. la x (p e rM ) 1898 $7 50Population in 1890 w a s___ 40,295Population in 1898 (est.) ..60,000
INTEREST is payable at tbe County Treasurer’s office.McComb, Miss.—J. Dock Harrell. Clerk. This city is in
Pike County.LOANS— When D u e. I Assess'd valuation, per’l.$131,8Sl
W a t e r w o r h s B o n d s— Tota l valuation 1898___ 735,8656b, ------ , $35.000...... Oot. 5, 191 8 I Assessm ’t about 75% actual value.Bonded debt Oot. 5, 1898. $39,500 I T ax rate (per $1,000) '98 ...$23 50Sinking fund ....................... 166 | Population in 1890 w a s .......2,383N et debt Oct. 5. 1898 ....... 39.334 I Population in 1898 (e s t . ) . . . .4,500Assessed valuation, r e a l . .603,984 |
INTEREST is p ayab le at MoComb.
INTEREST payable at tbe Tbom usonville T rust Co.
Preble County, Ohio.—Eaton is the comity seat. LOANS— m ie n D ue.
1RIDGE BOSB r id g e B ond s__6s. semi-ann., $ 41 .700 .......
D it c h a n d R o a d B o n d s —6s, semi-ann., $ 1 6 ,0 0 0 .....................6s. semi ann., 2 ,300 ....................Bonded debt Sept. 1, '98..$60,000
INTEREST is payab le at County T reasurer 's office. Sevier County, Tenn —C. W. Fox, Chairman,
ville ia the county seat.
Assessed va luat’n re a l.$9,934,200 Assessed va luat’n, per. 5,251,.'>33 Total valuation 1«98..15,185,733 Assessm ’t about 75% actual value. 8tate <& Co.tax rate (p .M .)’93.$7*80Population in 1890 w a s -----23,421Population in 1898 (e st .). ..23,000
Sevier
LOANS— W hen D u e .Co u r t H o u s e B o n d s -
58, ......... $20,000..................... 1906Subject to call.
P ik e B o n d s -58............$35,000 ................ 1915Bonded debt Oct. 1,1898.$60,000Floating debt...................... 20.000Total debt Oot. 1. 1898... 80,000
I Sinking fu n d ................... $10,000N et debt Oot. 1, 1898.... 70,000
• Assessed va luat’n, rea l .1,434,283 Assessed va luat’n psr 'l.. 117,784 Total valuation 1*98.. .1,552,067 Assessm ’t about 60% actual value. State & Co. tax (per M .) ’93..$6-00 Population in 1890 w as — 18,761 Population in 1898 (est.).. .23,000
Sheraden, Pa.—Chas. L. Cries, Clerk. Allegheny County.
LOANS— W hen D ue.I m p r o v e m e n t Bo n d s -
4s, A&O. $30,000......... 1902-1927(Part duo in even years to 1910
and then yearly.)
This borough is in
Bonded debt Oct. 20,’98. $50,500 Assessed valuation ’98.-1,537,760 Assessm ’t about 75% actual value. T ax rate (per $1,000) 1898.$14 00 Population in 1898 (est.)-----2,800
Tarentum, Pa.—F. A. Ready, Clerk. This borough is in Allegheny County.
LOANS— When D ue. I P a v in g B o n d s—B u il d in g B o n d s— 5r. M A S, $9/|00 .. . .Sept. 1, 1928
6s. M AS, $3,3<0................................ I (Subject to call Sept. 1, 190*0E l e c t iiic -L ig h t B o n d s— I Bonded debt Oct. 1, ’98.. $71,800
5s, MAS, $44,500 ...................1922 | Assessed valuation ’98.-1,736.140(Subjectto call.) i Assessin’tabo u t 70% aotual value.
Se w e r Bonds— I Total tax (per $1.00»>) ’98..$18*755s, MAS. $15,000 . ...Sept. 1, 1928 I Population in 1*90 was. .. .4,627
(Subject to ca ll Sept. 1, 1908.) ] Population in 1898 (est.) — 5,000INTE RE ST is payable at the National Bank of Tarentum . Winchester, Conn.—J. E. Spaulding (P. O. Winsted).
Treasurer; J. P. Glynn, Clerk. This town is in Litchfield County and contains Winsted Borough.
LOANS— W hen D u e.T o w n B ond s— 1885-1891—
4s, M&N, $54,000... .Nov. 1, 1902 4s. MAN. 18,OOO. . .May 1, 1899 ($6,000 due yearly) to May 1, 1901 Deposit fun,d a iid’orders.. .$44,774 Total debt Sept. 1, 1898.. .116,774
Sinking fund, etc............. $5,055N et debt Sept. 1, 1898... 111,719T ax valuation 1898....... 5,000,000
Assessm ent about, actual value. T a * rate (per $1,000) ’98...$10*00Population in 1890 w a s ........ 6.183Population in 1898 (est.).......8.000
1128 TH E C H R O N IC LE . [VOL. LJCVI1,t’ « u t u . E. G »y, Mayor; T. B. Anderson,
Ci.rJs, T il* city U Use county »e*t of Putnam County.LOANS— Thtt | Boncted debt oev l,18»8 $44,000
IVtTtftS 1 i dPb!k $44,0P° J t a . 1 ,1900 j T ot*! debt 'J ait.
! »f 1 K»1,10»s.
I sinking fatal -
8.77047,770
462
Not debt Oct, 1,1898___ $47,308 j Aaaeaamcnt about % actual valu eArtBOHsod valuation, real. 1,001,769 I To to 1 tax (per $1,000) ’98.. $27*50ABHO&aed val., personal.. 149,865 I Population 1890 was............3,039Total valuation 1898....1,1 5 1,634 | Population in 1898 (est.)......3,700
* Exempt from town tax.IN TE R E ST la payable in Palntka and New "York.
INDEX TO STATE AND CITY DEfAWNTENT,vi,i.jc number to every item regardim?State, olty, town or county finances published in the
QrlfcilVi - i i .n the rurrf num ber-art not noUdJln the xnte*. Foil-face tj^pesre ferto la tes t reports^oftooa^t v i h » tolkurth* Index reference 1a made* I. r ' :.r UlUlP J»f Oct- 1 V ffCBM *11 i n I.UI >c,*« U«>rwc. «• ■ ,’" rv'* ----- *TV, *■’£ ’— * ---- --- ' " ’.T” «1 A*. m i* lm l.x w ill br piibllkbml in the W i w m ^ g i w D B fa u t m u it o f th^OBRONiCLE, on tU e^ lM tS atm -der o fi ::i, in IIin pro.nut volume up to »nrt including Oot. 15. *eo Oubokiclb o f Oot. 29,1899, panes 915 to 918.
Grafton, W . Va.A fcirot*. eNMt,
MXkmf7n<. 1 **•.*. —A Sir**-***. p x . ♦,A?>ete w**». .„»«•»»**A 5‘-<9*3 C4». k t ... ■ ....Abweliefwi. N. J. ■ 1019,.A f*.pC*\A_ I*» .AH«x be M l t , PaAJatM**4 Va.
DMrtd * * ***.Aw d Ik * Ih*A« OoL*Atk-Wf **A. ........ii* . OhWv.., AtA«Sfe». Okie..4.,,,*»*.■* Atxns.9*-- - Neb... .. ... AUestau U e ...............912.
A t t w e .V * ...... . v...A MW**, ld--v,* ......4.AtM*Dx TM*.....♦.**— *Pa-.
B fcab.t*rtjS#e. N. Y ,, .. ...M<2 .5*42.
«***-■*« V tc -;! IKaMItfLOiL.,.............. «®2,....ttesfe ©a* Ifv •• .... ... .
Haris# Co . Tea , •......tteil ctu. Xf . ....
ctaju-e Oblo.?tf. fia*r#tr©*_ »*• ........... 1■eMtanft Qqk, MiCfi-
. obit............. 9IXE Y m .t e V .... a Opt. Beb<X‘l Dt*
trtrt Ha. Ml Ida... 913. g «** MBteti. 5 Y. -9*3. H id ib lt l t V lb - ttt.WodicR. la......... ..W f. S ^ fid N. J .....
btrrtea. 10.,.......1i Tene&ch-J)~ Mo.
m i
!&!•lOTt)ni9i f l tJOTSHft9 VS
Huntcm, M . Qoi Untie CV»« Neb, iiofie (Vv K y ., ....
1 1Hrockt.vn, Mm*-----Brooklyn, Conn. ... Broome Co,. N. V ltro«mTitle, Neb. Huchanait, Va,, .. . Baflalo. N. Y 913. 967
1019, 1020 Dent* Levee titst., la ..
acs.
967 1019 'ftS 9«r
1019 911
-V* i1019
9191018
3019
10199001*7
1019
3020Nit
10T9sonIMS«W9NT?
o JX1019
* ( 7 V'aidwell Co.. Mo-•mbrldse. H u t - OCS,
ms.J OuDbrid«t, QfetO*... .. ...c*arr.»il Cou, Kjr. , .... ..Oarrplltoii. M o .......CartbAae. III.... ... *32,
•J CMlhltff, Mo.. — .........
Cam Co.. N. O a k .........j Cbaaibrrtalo. 8. D........I Chart at City, la ........(k a fitvo li, Miet».......CU'-yestme. W yo....... ..
: ckioutn. ill...............Cbi»a«o 0e. 8cbool Dla-
! met No*. 43. Minn .1020, Chieajru Junction. Ohio,....
I Cincinnati. Ohio,..........Clarence. Mo. .. .........Clarmifioo. Ohio.........Clarke Co.. Ala..............narkC®.. Ky....... ..9S7.
! Clay Oo.. Kan....... 9fi7.Oavaland. Ohio.....013. Clcrreland School Dl»-
trlct, Ohio................ .ChftiTull Utah..............
I ('offeyTlfio, Kan......Colchester, Conn— 91?, C*>k<r»d“ .......................
80'S 9ia io?o
102h 1072
10‘J3 907
1072 NJi
l r72907
802907 913
1090 013 913 10*. 2 907
1C72913
107810209G7907
1072107210201020
Nil907802
Colton. Cal................ . m 2Columbia, S .C ............. 862Columbus, Neb..... .013, 1072Columbus, Ohio.......862,
967,1020, 1072Cook Co.. Ill ................. 1072cook Co., Minn.............. 906Cortland N. Y ................ SOICoshocton, Ohio......862,
967, 1020Council Bluff:*. Ia ... 1020
■ Covington School District. Ky - ................ 1020
Crookston. Mian. ------- 802Crystal Borings. Miss— Cumberland Co., Tonn.
86291S
Cuyahoga Falls,0...913. 1072
Tkallas Co.. Ia..............L/alla*, ore .................
10209*3
Danvers, Mass.............. 1072Dayton, Ky ...........913, 1020Defiance, o’nlo........ 86ii. 067Delsrware Co., Ohio ...... 863Denver, Col... .913,967,
1019, 1020, 1072Dps Moines, la ,----- .067, 1073Da W lit Co., Ill.............De Witt School District
• , 14. N. Y ...........
1073
967District of Narragansett
Pier, R. I .............913, 1073Dubuque, la ............... 918Duluth, Minn........... 906Duncannon, Pa.......913,
967. 1020
T?ast Gr’d Forks. Minn, (hast Haddam. Conn...
91?967
East Hartford, Coon 36 4East Orange. N. J. .1020, 1073Elkhart Lake. W ls......... 1020El Paso.Tex........... 107*Erie Co-, O h io .............. 1073Essex Co.. Y a ................ 1073
Essex Junction, Vt.......
Fall River. Maas...913.a nro. n . d .................
Fayette Co.. Ky..........Fayette Co., Tex..... ..Fayetteville, Teun.......Feitemmn indep. Sch.
Disc, W . Va..............Fergus Falls. Minn.......Findlay. Ohio ..............Flagstaff, Arlr........... .Florence, Col........ .. 803,Forsyth, G a...................Fort Worth, T ex ....... .Franklin Co. Sch. Dial.
No. I, W ash ................Frostburg. M d..............Fullerron School Dlst.,
Neb..................... .......
Claffney. S .C ....... .....Talnesvllle, Tex.,......
Gallatin Co„ Mont.,...,.Gallatin, Tenn....... .863Galveston, Tex ..........Gan ado Sch. Diet., Tex.Ganado, T ex ...... .Garrett Co. School Dis
trict, M 1...................54.Gebo Sch. District No.
30. Mont.................. .Genesee, N. Y ................Georgetown, Ky.. .. ... ..Georgia.........................Germantown, Ohio.....GlervlUe, Ohio...........Glenvllle School Dis
trict, Ohio ................Gloucester Co,. Ya — ...Gloucester, Mass.......Goodhue School Dis
trict, M inn.................Goodland, In d ......... .Gouvemeur, N. Y ...... .
967913
10731020663
10731073067
10731073967
1072
10201073
067
10781073
913, 1020
831 •67 863
967
1073863
10-3966967 908
10731020893
8631073
102 3
Grant Co..X/.... Green view. Ill Gulfport, Miss.,...
863,. 9 68,
H acketlatown, N. J. ..ag erst own. Md........
Hamilton Co., Ohio.......Hamilton, Ohio.............Hanover. P a .................Hard n Co.. Ia .............Harrisburg Sch. Dls..Pa. Harrison Co.. W . Va ...HarrisviUe. N. Y ...........Hartford. Conn......91P,Haverhill. N. H ..... 968,Healdsburg, Cal............Helena, Mont...............Henleraon. Ky ... .Herkimer, N. Y ...... 863,Herminghauv Sch. Dis
trict. Ca l..... Hill City, Kan..............Hobokon, N. J ..913, 968,
1020;Houston, Ter...9lS,yf8, Hyde Park, Ohio...........
Tndependenoe, Kan,. . -I independence, Mo..863,
968, .. .914, ...861.
Iola, Kan ... Iowa. .... lslfn. N. Y ...
rackson Co.. A l a .........ackson. Miss..............
JefTerson Co.. Ia .............Jeffer&on Co., Pa..........Jefferson Co., Sloans
Special School DistriotNo. 1, Ohio..........
Jersey City, N. J___914,Johnson Co., Kan.. .... JoLesvllle, Mich. .. 86S,
915102010201020
863 968 913 968 363
1073 861 8*1 • 13
1020 1073 V66 801
1073 913
107810200fl«
918
10201020166
1073
1078’OfO1019861
9681C7S968
1030
NEW LOANS.P R O P O S A L S
For tba PrtiU ift of
K m : N 0 I H « T H E T i l lK o r P A Y M E N T
or
$ 8,000,000Of the Bond* o f the City o f Cincinnati,
for the Construction o t the
Cincinnati Southern Railway,MATCHING JULY J* i90X
hRAIrSIl Pfc*‘PO«Ai*M will be received by the At»A ftji i n T«LfrrtEK3 <»> TH E CINCINNATI am TH FRN R A ILW A Y *t their t*«Rro in the odn Fellow** Te'tntdv. fj'.'ftwINt'st cbrn-pr rtf Heventh and Ifftas skrveKU rindnniO , until TVE8DAV, TH E ? 'TH ilA V o r It®CUM RFR i*uh. s oVhrttk V. t-v-r ih « t r-trllrffr K f¥ x n !)U ( (* T H K T IM B O F f ' G Y t ' T • f «U c.r any nan *T *he out#(Ai0db tf <XaFpi»N JluNDM o f th« CITY o r t INCHffNATL bed- fr» A**,<*90,000, Im -uinO under the Act ofMay 4 ■rA u . J- for tk<i o«t»*injot|o» of the€1 NCI NN ATI N O im i Eli H HA ILW A Y. Said bonds 4?» 0*1*4 July it*. IsiyaH I) *T«n*fnu payable on the eyn day* -f January and Jnlj, and m«iun- July 1*
ih |Wtn<^|«i and iNi#To ' payable atyfe# At8»«r%ean F«^ha*ife National Hank. New York. §4« 4 ; 'f » <*f **W fl'n4» bear Iniorttt •< the rate of e r v i N r r .u iT '.T and |7<u«,toi *t the rale of J»ftY i s AND THUNK T P T f l 8 t*EU CENT.
h e THK g e n e r a l a n ^k m - HLT r*Y O ffid J U iw I Aiwif jaaa (W O .L a e7TJ aa&4 THt ARK A FT HO Hi ZED by a p m Wla--Le*e-=n-----l f t »iamptn« on any o f *aid rtoutandittf P --■-‘i t ae-4 the arm t-r.n« therv<»f, to msrtrxi l, , KX TEND r l i p TIM * o r P A 'M t « t o f •aid Wmda
• ** ** ** t « etrwed * «*HT Y YE A RN fmm the aeaSartlf Ihwwol upen the H<*LI»KRN Of aoeh Don
* "* h i>4* a* aildTtVWMnr* m^y withAGREEING TD llW f i O iT H K iNTr.HAT (h o tm D? *»r* f»le m M il TYwrtae tJuMlfif, r .d mmMtitlf TflflKK AN It o n »: H A ?.F p e r CENT par
- 4 m*4 W W a a are further an»hori«e*l to m nm C ; s*?^rwrwl, print#*? ahd attAChed |i. nald
aMMIrrAl m.jj|w¥r*t m$ PtM/Lf M BecWWMiry to » t{. Afone th# » « be Ml4 trar lha esietide*! utse
jw T t N T * J » * < r T U B x r O U M I D a u t h o r .ITY AAID T R f 'F T I!D i*av» fto^orm>ne»t to RT- T|!>6 T lfr. TIME o r PAYM ENT of u-n<U tTIIRTY FIGHT 7'aa.f ■ frt»m the maturfty thrrvof»• 1 * »* t h *t e !*; T.ai ffe -11 ’ T. Y > 1U4. ■ qo.,- theC : e lb * o line,. T liK RKDGCKD and AD DiTyoNAL ^‘dire’s** to* be twrahie »t the \MFTL fCAN EXCHANGE NATION * L RANK, N ei York
**•■ r*** <,f THREE AND o n e A I.Y pk h I S : ' 5 ¥*~ R- - ..rc. The cnepoof dee Jerioarr I 1AM. ha tr*>4 a* pvweent rat^, YN* -f tHm « b -ndj* have m HW'lFfif t f a Y l jU l aodO R Lt MORTGAGE UPr*N i i i g LIN E **V HAyLW A T cRrtBllM f^m r i v t f - N A71 * CHA I 7 A f f i r S } A, TER ft p p TIC K K»aa t * t .8 ro Ajn. T illk r t i f i jfTi vJ ”NKT INC M n derived from th* of «).«a*w-e a«w ae^owMtbjr *1^0.000 PKR iIV***?!** X i T A lv k s * * M te made -the d 'lW vrf
‘ T-. o Mir-ia^y if* Dry. r flC lE N T* 1 1. C IfL/a 5 * ' r'G,M K f t b a b v -R T t O E AT"• "* I•*•• r.A • *Tj4 { . » a •inklrufi’ for thlH I M . p k r*«a iPT m V *o r f n S m T m
THIS PR1YII.BGE TO BE GRANTED HARE
NEW LOANS.UNDER W ILL EXPIRE ON TH E 31st D A Y OF DECEMBER. 1898.
Bidders should stat e the premium they will pay for the privilege aforesaid.
The Trustees reserve the right to reject any or all bids. For fuller Information address “The Trustees of tho Cincinnati Southern Railway, Cincinnati, Ohio,” Proposals must he enclosed in a sealed en- vulope, indorsed “Proposals for fho Privilege of Extending Time ot Payment of Bonds,” addressed to the Trustees as above.
By order of tho Board.E. A FERGU80N, President.
8750,000COOK COUNTY, ILL.,
4t REFUNDING BONDS.Sealed proposals are invited by that board of Cook
County ( ommlsslonern for the whole or any part of th<- li.Mi.iMm Ho funding Four Per Cent Court. House Bonds. 8 aid bonds are for the purpose of redeeming Hud refunding an indebtedness Of Cook County exiat- ing against saJd county subsequent to the year 1870, which will he due and payable on the first, day of Jan- uarr, IW , There are to be 000 bonds: POO of f 1,000 e«rh *nd 300 of V>m each. 30 of the *1,- 00 and 16 L f Kl o >nd*i to bo paid up and canceled each year for
Yfarw. I hoy are Issued in accordance with a res- . itjui.n *.f «ho i ounty Board duly passed and of record which boa been approved by the people at a gen- f5*j r,r- Hun. AH of said bonds are dated January 1, i'wo, and boar Interest at tlio rat e o f four per cent p»r annum, parable semi - annually at the office of the rn-a»urc<r of Cook County. Principal and Interest S u no** ^ ° f tli0 9|rejient' standard of weight andi .nill"fwf?r ^ e same will be received at my office, tu - n. Court House, up to 1:3" P. M.f Monday, Norembcr JRth. 1898, at which time they will be transmitted to said Board, by whom they will bepub- : ly 7 ‘‘pened. All bids must be accompanied by a cer- tifb'O . b«*ck, certificate of deposit, or currency, in the
7 ° ,S2 tH?r ccnt of the amount bid, which wfi]r v tn m e d in caso D)o bid in rejected,
* r tn* ol'.i is accepted upon the payment to the . T r^asurer of the principal nnd premium bid
7 *.T,,r’?* ^U.Parties bidding must furnish ov- ' L j iX * £ j,1' ^ Jl’fiHy to t>ny for paid bonds, and com- f V T bidding will give the individual namesOf i nr. nrrn *mI their addresses.JJS * }? , l * V * lK rf*H* tc> rr (jct Any or all bids or or part of any bkl.v t f . ,.ho Jlor,n1 Of Commissioners of the -unit of Cook H. D. H E ALT.* j, „ i „ Acting Bup't Public Service,uatwd, < Mongo. November 18. 1898.
THE
L a m p r e c h t B ros. C o .,O n t . r r H s lld ln *. O I.K V K I, A N I ), O H IO ,
DEALERS IN
MUNICIPAL. UAI I R0AD, STREET RAILW AY & CORPORATION
BONDS.MBT* SENT UPON REQUEST.
. «S U ? J n ”S£LT™i!?a flimi.hod oon-> !n»,7»T ° r " t*'ck’ * na b0“<!' th“ b» T9 »
N E W LOANS.8300,000
City of Atlanta, Georgia,30-year4£Gold, Coupon Bonds of $1,000 each,
D U E D E C E M B E R 3 1 S T . 1 92 S . In te re s t p a y a b le J a n u a r y an d J u ly In
N e w Y o r k and A t la n ta .
Sealed proposals will he received at the office of the Mayor of Atlanta, Ga., until 12 o’clock M., T h u ra - day , D ecem ber 1st, lSSfS , for *300,000 four per cent Gold, Semi-annual, 30-year, Coupon Bonds, issued for redemption purposes under authority of law.
Bids may be for the whole or part of said bonds. Bidders to enclose with bid certified check for five
per cent of par value of amount bid for; checks to he made payable to order of Joseph T. Orme, City Treasurer.
Bidders will be required to receive and pay for Bonds alloted them on December 31st, 1898.
Tho right to reserved to reject any or all bids.CH ARLES A . COLLIER, Mayor.
E D W A R D C. PETBRB. Chairman Finance Committee.
HIGH-GRADEState, Municipal, County, School
B O N D S .Legal Investments for Savings Banks in New York
and all New England.
Rudolph Kleybolte & Co.,B ! A N K E R 8 ,
No. 1 Nnaaau Street , N e w Y o r k ,34 «n d W a ln u t S treets , C incinnati , O.
L I S T S M A I L E D U PO N A P P L I C A T I O N .
MUNICIPAL BONDS.John Nuveen & Co.,
INVESTMENT BANKERS,1st National Bank Building, Chicago.
Correspondence solicited.Reference, First National Bank, Chicago.
N ovem beb 26, 1898.J TH E C H R O NICLE . 1127
INDEX TO STATE AND CITY DEPARTM ENT-Concluded.
Kansas City. Kan....... 968aukauna. Wis....863, 668
Kasota. Minn .......... 1073Kent Co., Mich........968, 107*Kent, Ohio...................... 966Keota, la ..... ................. 968
Lac Qni Parle Co.,Minn...................
Ladonia. Tex. . .911, 9r8,Lake Ltnden, Mich ----Lampasas City, Tex .....Lanesboro, Minn....968, Lansinburg. N. Y ....968,Lawrence. Mass...........Lawton, Mich.........868,Lewiston. N. Y ..........Lima. Ohio.............968,Lincoln. Neb__ ... 863,Los Felis School Dist.,
Cal.........................Loudon Twp., Ohio.. 968,
10731020914
1019 10731020 863 914
1 0 ‘2 310211021
10211073968014
Mitchell, S. Dak........... 1074Monroe Co., Ia ........ ....102 3Monroe, La.............864, 1074 IMonrovia, Cal........864, 914Montclair, Col............... 1019Montecito, Cal.............. 1021Montgomery Co., Ky.... 1021Montgomery Co.. Md— 968Montgomery, Minn....... 968Moran. Kan.................. 1021Moscow School District
No. 5, Ida................... 9C8i Mount Oliver Sch. Dis
trict. Pa.................... 1021Mount Pleasant School
Dist. No. 6, N. Y .. .864, 914Mount Sterling, Ky....... 1021
Orange Co., N. Y ............Orange. N. J..................Orangetown Union Free
Sch. Dist. No. 3. N. Y..Oregon.....................861,Osakis, Minn...............Oshkosh, W is...............Oswego. N. Y ..........914,Oswego Sch. Dist., N. Y. Otselic Union Free Sch.
Dist. No. 5. N. Y .. .969,Ouray Co., Col...............Owosso, Mich........ 914,
Louisville, Ky. ..Ludington, Mich...........Lycoming Co.. Pa ...861,
M cConnellsvlUe. O ... 1073 cKeesport Sch. Dis
trict, Pa...................... 1073Madison Co., Ky. ..914, 1021 Madison Co.. Ohio...863. 968Madlsonville. Ohio....... 914Manch ester. Conn........ 968Mansfield Ohio............. 863Marine City, Mich........ 1021Marlborough, Mass....... 914Marshall. Mich................ 908Maryland................914, 1073Mason Co., Ky......... 1021Mason Co. School Dis
trict No. 1. Wash....... 1073Massillon. Ohio........ 1021Mayfield. K y........ 914. 1074Meadvlile. Pa.........968, 1021Medford. Mass......... 863Melrose. Mass........... 861MelrosePark.il). .. . It21Memphis 8chool Dist.,
Tenn....................... 863MarcerCo.. K y ......... 966Miami Co.. Ohio........ 968MU bank, S. D .............. 1074Mlllvale. Pa................ 1074Milwaukee. Wis . io« i , 1074Minneapolis, Minn..8*3, 1074Minneapolis School Dis
trict, Minn............. 1074Minnesota................ 914Missouri......... .......861, 914Mitchell Co.. Ia.........1024
Mount Vernon, N. Y ... Mount Washington, O..
914,Multnomah Co., Ore.. ..
■^arragansett Pier. R.
1074
1021861
P aducah. Ky..914, 966, alestine, Tex ... 969,
Palo Alto, Cal...............Parkesburg. Pa............Pasadena. Cal ..........Passaic, N. J ...........914,Pawnee Co., Kan...........Pe^ry, N. Y ................ .
• . I..l)istrlct of...913, 1073 Petersburg, Va..............1 Nassau Co.. N. Y ........... 1019 Philadelphia, Pa...........| Nuzaretb. P a ................. 1074 Pierce Co.. Wash..........I Nebraska City. Neb......... 1074 Pierce Twp.. Mo............! Negaunee School Dis- Pilot Grove Twp., Mo...
trict No. 1, Mich........ 864 Plainfield. N J..............Newark. N. J................. 1074 | Polk Co., la ......... ... .New Bedford Mass........ 1024 Port Chester, N. Y..969,New Britain, Corn.......... 861 Port Clinton. Ohio.New Brunswick. N. J--- 804 , Port Jervis, N. Y ..........Newburgh, N. Y ............. 968 ! Portland, * re..966.1021,
1 New Jersey................... 966 i Potsdam Sch. Dist. No.New Orleans. La. 864, 1021 17. N. Y................ 914,Newport. K y__ 861, 968, 1074 Pottsville. Pa...............
, New Richmond, O.. .864. 1074 Poysippi, W is ..............New Rochelle. N. Y ....... 864 Puuxsutawney. Pa.......Newton, Mass.................. 864 Putnam Co.. Mo.............New York.............. 912. 1074New York, N. Y ...... 912.
--- 10741021 1021
966Niagara Falls, N. Y .......Nicholas Co.. Ky. ...968, Norfolk, Brarableton
Ward, Va...................... 968Norfolk, Va... 864.914,
968, 1021. 1074 Norwood, Ohio.864. 914, 1021Nyack. N. Y .............968, 102i
Oakland, Cal................ 1021akiand, Md..864.914,
1021, 1074 Omaha. Neb. 914.9*8, 1074Omaha School District,
Neb.......................914, 1074Oneida. N. Y ........... 864. 968Orangeburg. 8. C.............. 91s
Dis-T> actne SchoolX L trict. W is..............Reading. Pa .................Reading Sch. Dist., Pa.,
96 p,, Reno. Nev....................i Rensselaer, N. Y ---------! Rhode Island...............Ricbwood, Ohio............Ripley Co.. Mo...............
I Rlverbead, N. Y ...........Rochester, N. H ............
1 Rockford. I l l .......... 914.Rockton, N. Y...............Hooding Sch. Dist., Cal..
I Rossville, Ind....... ....Rotterdam School Dis
trict No. 14, N. Y.. .969, i Rush Co.. Kan..............
9141021
1074912864
10741021969
1031861
1074
10191074914
10749149«9864864864
102110721019862862914
10741074914864
1074
969969969
9 7 1862
10741021
10741021912
1019911864 866
1074 1< 21865 865 865
10741021
St. Joseph, 111..............t. Louis. Mo...............
Salem. I l l ......................Salem. Ind....................Salem, Mass..................Salem, O .............865,Salina School District,
Kan...................... 915,Saline Co., M ».........915,San Antonio. Tex.........San Mateo. Cal..............Santa Barbara, Cal.......Santa Cruz, Cal..............Saugus. Mass...............Sault Ste. Marie School
District. Mich............Sausaliio, Cal..........Schenectady, N. Y...970,Scott Co., Ky................Scranton. Pa ................Seattle. W ash ..............Shakopee. Minn............Sharon. Pa ................... 1Sharpsburg. Pa. ...........Shelby Co., Ohio............Shelby, Ohio......... 1021,Shell Rock Sch. Dist.. Ia. Shippensburg. Pa... 865.Shreveoort, La.....865,Sioux City, Ia ..............Sioux Co., Ia .................Solvay. N. Y ..................Somerset, Pa.................Somerville. Tenn..........Sonoma. Cal..................Sou»h Chester, Pa ........South Dakota. ___South Omaha, Neb..167, 8outh Washington, Pa..Spa'ta, Minn..................Spokane. Wash...........Springfield. Ohio..... 916.Spring Lake, N. J ........Stephens Co.. Tex........8toekbridge. Mass........Sionington School Dist.
No. 1**, C n n ......1022,8traaburg. Pa...............Swamp8COtt, Mass........Sweetwater. Tex...........
HPacoma. Wash............1 albot Co., Md..... 916,
Tekamah, Neb..............Texas...........................Toledo. Ohio.................Tom Green Co., Tex----Topeka. Kan__ 866, 970,Trenton, N. J..............Troy, N. Y ............... 86 .
9151074915915969969
10741074970 970915 861 970
1075 9 0
102110211075 S62 8‘15
0 2 48668*5
1076916
1022970916
1075 916
1076 866
1022866912102210753075865
1075916866
107 6
1075916V70970
9661022970970916866
1075866916
Truxton, Ky..................1044Tuscumbia. A la............. 1076Tyler. T -x ..............91*, 3022Tyrone, P a ............ 866
rTbrichsville, Ohio..... 1075* ' intah Co., Utah__ 1022Utica, N. Y ..............866, 107 6
■^Talparaiso, Ind__ 866,
Virginia, Minn............ !Visalia, Cal...................
1076967
10 J 2
YlTadley, G a ............. 916altbam. Mass........ I f 76
Walton Sch. Dist., N. Y . 866Wamego. Kan............... 970Warren Co.. K y ........... 1022Washington.................. 862Washington Co., Ohio... 1076Watertown, Mass.......... 1076Wayne Co., Mich. . . 916Wayne Co., Neb..... 970, 1076Well8ton. Ohio.............. 970Wellsville. Ohio............ 1022West Bay City, Mich__ 1076Westerly, K . l ............... 8*>6West Hartford. Conn... 916West Superior, W is...... 1022Wharton Co., Tex...866,
916, 971Wheeling. W. Va . 862, 912Whitehall School Dist.
%o. 11, N. Y.. ..916. 971While Plains. N. Y ..971. 1022Whitesboro, N. Y .......... 916Whittier. Cal................ 1022Wtchiia. Kan......... 916. 1022Wilkes Harre, Pa 971, 1022Wilson Co., Tenn......... 8«6Winoebago City, Minn.. lu76Winneshiek Co., Ia ....... 8«0Woodbury, N. J ............. 80«Woodford Co , K r ........ 1022Woodsfleld, O n io ........ 916Woodson Co., Kan........ 1076Wo'dsville Fire Dis
trict. N .H .............916. 1023Wooster, Ohio...... 866, 1023Worcester Co , Mass..... 1076Worcester. Mass.......... 916Wynne. Ark .......... 107aWythevllle, Va.............. 1023
Y ork Co.. Pa .............. 9(6ork. Pa ............. 1023
Youngstown, Ohio........ 971Youngstown School Dis
trict. Ohio.................. 1076
INVESTME NTSl___
Government and
Municipal BondsBOUGHT AND SOLD.APPRAISEMSBITS MADE OR QUOTATION8
FURNISHED FOR THB FUHCHA8B, SALK. Olt BYCHANGE OF ABOVH 8BCURITIB8.
L IS T S ON A P P L IC A T IO N .
N. W. HARRIS & CO.,B A N K E R S ,
31 N A 8 8 A U 8 T . (B an k of Com m eres B ld g .)
ADAMS & COMPANY,BANKERS/DEALERS IN
I N V E S T M E N T BONDS,Members o f Boston Stock Exchange.
No. 7 Congress and 81 State Streets.
BOSTON
EDW ARD C. JONES CO.DEALERS IN
Municipal, Railroad, Street Railway and Gas
BONDS.NEW YORK - 1 NASSAU STREET.PH ILA D ELPH IA - 421 CHESTNUT ST.
Whann & Schlesinger,
INVESTMENTS. __
PUBLIC SECURITIESSUITABLE FOR
8AVING8 BANK AND TRUST FUNDS.LISTS M AILED ON APPLICATIO N .
Farson, Leach & Co.C H IC A G O . N E W Y O R K
t o o Dearborn 8 1 . 35 Naeeau Ht.
TROWBRIDGE,Ma c D o n a l d
& . N iver C o .M UN IC IPAL BONDS,1st Nat. Bank Bldg. • . CHICAGO
F. R. FULTON & CO., M u n i c i p a l B o n d s ,
171 LA SALLE STREETC H IC A C O .
M. A. Devitt & Co.,MUNICIPAL BONDS
F lra t N a tio n a l B a n k B u ild in g
________ CHICAGO.MUNICIPAL BONDS.
INVESTMENTS.$ 1 7 5 , 0 0 0
Los Angeles Traction Co.l e t m o r tg a g e 0$ 2 0 -y ea r Gold Bond*.
Total issue $250,000.First Mortgage at $14,000 per mile.
Net earnings for 28 months o f ope ration, $69,983 19 equivalent to 12* on the total Issue o f bonds.
Population o f Los Angeles 103,079.Send for full description of property.
E. H. ROLLINS <& SONS,19 M i lk S treet . Boston, Mass.
MASON, LEWIS S c CO.,B A N K E R S ,
07 m i lk S treet , Boston,
171 L a Halle S treet , Chicago,
OFFER FOR SALE:
S tate of Massachusetts.. Sa lt L a k e City, Utah... . Bay f ie ld County, W is . . .South Omaha. N eb ...........T r in id ad , C o lo ra d o ........
• 3K *
i:6k
And Other Desirable Securities.
State,County, City. School,
Bonds.BRIGGS. SMITH & CO.,
C I N C I N N A T I , O H IO .
WANTED:M U N I C I P A L BONDS,
M U N I C I P A L , S T A T E orC O U N T Y W A R R A N T S ,
R A I L R O A D B O N DS .Investment Securities Bought, Sold or Exchanged. W ILL IA M E. NICHOLS, 15 Wall Street, New York.
MUNICIPAL BONDS
71 BROADWAY, NEW TORE.
Securities Netting from to 6*ALWAYS ON HAND.
Send for our Inveit nt Circular.
DUKE M. FAR80N. Banker.Municipal Bondi. 18 ‘4 D earborn S trea l
C H IC A G O .
We Buy and Sell Municipal Bonds from Southern and Western States;also Guaranteed Railroad Stocks.
n O S E H B E R G K K Sc L IV E R IH O R E ,(Specialists in Texas Securities),
40 W a ll Street, - New York .
11*28 TH E CH R O NICLE . [VOL. LXVII,
Dcgal notices.- M \ fA lll* » AND WtQITKHN
* |*E.lt r\:s i ( iu u »
* 1 1 tor p*Ttbettt t>u Wild fiis? day orJet,*. fw f t o f „ i ( K(r, fh tM r »1mv« )h<rrat!«*r the | * *M r< m p *to tr ill de|*e*it w ith snut i
IreM udder three** |f is be rr-£:«l*mL Itie mim t».-.rr sited ssvtt 'Wlcn«trd. and the amount<ef **? or oj«p*»» due amt remaining unpaid
i . - ' •. ' - . ' -• ,? o . ? .1 .. ■- ] -■ " : • i • WT» U > ST! HN
ItAtlAV \Y COMPANY THOMAS V FOWLER, PreaMtant.
T O T H E H O L D E R S O F T H ECons. 1st Mtge. 5\ BondsO F T H E
N. Y., Ontario & Western Railway Company.
ftrterrf ttc u the farrcoloe. rlie under- oflpr O r prlvllfgo to hold**!* a t Con-
•©Rd«ted Fir*t Morls-r «* 5- (>old Bond* ?o nrland their bootH iota S Refunding llort' ' t » * e Betel Bond** due 11!9*2 of the tlptiontiun* (lots of <*1.000 enrh. Holder** of the called bond* dr-lrtug to refund w ill receive n dit* trrr-. t of 3^ i In u»h. Interest t a be ttdjiteted ' mm o f J u n e 1 * » . | S i f » f> .
Thl* nff*-r w ill remain open for it roa«on* | ablr time. but mar he modified or vriiliilrawn ! w i t h o u t farther n o t i c e , |]flli)erv n l Bonds* i
dr«lri»B to refitud *honld *tt rrenrier their i botiii* to the Herr?'ntfle Trtt">t CntnpntiY. 1*20 i firondwar. Nnr York. «tnd receive the 41 ! Bond* with the r«*fe payment it* excitative therefor.
A A o(Slr In I win trtnrn l •H tln C lo rlh fb r limitir In | r© 'dit inn o f thr* ctmpn n ' . mill sh ow in g* t»c rr • fill lo timid Ii i) ■ tie r** from re t'u ml Ing,emm obioltie d n t th e Olllr e o f the under*•ten* d.
On th c r**flrr rttmt o f the Cnn «o lfdn ted .M{$«»*' m. now e||tied, tb o ItefstmllriK YIortglitrea n d« w i l l her m,.r* the I i !< N T J,IKN ONT i.t r ! V T IU K It A 1 L W A V A N D P R O P E R -T V 0 1 T i l K N E W Y O R K . O R T A R I O A N D |w r It \ St AILVt U ((D U ’ ANY . The(oui>p«n nr( income foT the yrnr end! n it 1•In©<*30ib. 1HftH. w «* $1.01? 400. or nearlydotal the nmonnt required for Iin terewt ,c.Am» ir«e atmti complei!ten of the p»“«•**<• tit re- |
KUHN. LOEB & CO.,‘27 nml ‘2P P ine S treet.
• V v -M . i f f N,f»S,
T i l E
United States Governmenttiiw the Whiting: Imperii. So do tho N d if lg lioilroo'ls, Bank**, Inittfanot Cofttptnk*i ftnd Mercantile Houses every- : where. If you an* not using Whiting'ni Linen Ij&iger* in your office write uh for I <ampUv*t4 For account books they arc uttefjualcd. They arc made in tints PYjw'CiaJiy re*’oniJDeO(le4 for the eyes by ?toinrnt oculists. W c wilt send you j * P^riij+hlet on the subject free.
WHITING PAPER COMPANT,Ho lyo k e . H a^ m
^ Hr ant. 8 r.t N ew Y o rk ,
L’cijal iloticcs.
N O T IC E O F F O K E C l .O S I ’ R E S A L K
OK T H E
Cane Fear & Yadkin Valley Railway.
Nuvh-e )* hereby given that pursuant to the* deprt-r- .»( foreeloKure xtucl sale made and en- t.-rmi by the Circuit Court of the United State* f.-f 11:»* Kiiktern District o f North Carolina held di Uiv City of \\ Umlugton In the State of Ninth Carolina, on the dial day of March, js!<7. i d the Amended and Supplemental doer.-* made and ontered on the 1st day o f July, JvoT, In a certain consolidated cause in equity pending Iti said Court, wherein the Farmers’ Loan .v Trust Company, Trustee, is complainant, and the Cape Fear <fc Yadkin Valley RalBvai Company and others are defendants.
We. K . S. Martin and Clement Manly, as r, mtnissioners appointed by said de
cree of March 31.Ht, 1897, for that purpose, shf.ll and will sell, at public auction to the h id ■ bidder, according to the terms and i-r-wMons of said decrees at the passenger doi*n of snid Cape Fear A Yadkin Valley Railway Company In the City o f Fayetteville.S i i e of North Carolina, on the *29th day of 1 -em ber, T898, at twelve o'clock , noon, the proper i v, rights, privileges, and franchises hereinafter described respectively mentioned In the said decrees to w it:
FIRST.
All and singular the entire line o f railroad of the said Cape Fear tv Yadkin Valley Railway Company, situate, lying, and being In tho State of North Carolina, ay the same was located and constructed at the date o f the execution of the deed o f trust or mortgage executed by said Railway Company to the Farmers' I.eaft and Trust Company, dated the drat day of June, 1886, or as the same was thereafter located and construetetl, and more particularly described as follows:
That certain railroad In the State o f North Carolina, extending, from the City o f Greensboro to Fayetteville, and from Fayetteville to the boundary© line, between the States of North Carolina and South Carolina, where it intersects the same, and also that certain line o f railroad, extending from Fayetteville aforesaid to Wilmington, and also that certain line of railroad extending from Greensboro aforesaid »o the boundary line between the State of North Carolina and the State o f Virginia, at a point near Mount Airy, whether held at the date of the said decal o f trust or mortgage, or thereafter constructed; and also all the branch Jin.-, tie bu i ping to or constructed by said Railway Company, to w it: The ‘ 'FactoryBranch ' the "Madison Branch,“ the “ Granite Branch,“ the "Furnace Branch/’ the “ Aldrich Branch/' and the “ Buff Quarry Branch/’ ns im- same were constructed at thedate o f the deed ° f trust executed by sakl Railway Company to
-Mercantile Trust and Deposit Company of Baltimore, dated the first day o f October, 1889 with all extension* and additional branches thereafter constructed; together with the right
f ° r *itld railroad and branches, and ills" all depots and station grounds and buiid- Ingi* thereon, and also all shops, engine-houses turn-tables, water stations, warehouses, and lots gravel pits, stone quarries, and oilier real estate used in operating said road and its branches, or in connection therewith.
And also all side tracks connected with f;llU railroad or Its branches upon the line thon-ufj an js here described, and any other laiHis or buildings or structures connected . tniTcwitit or appurtenant thereto, owned at the rc-HjHM'tIvc dates o f said deeds of trust, or thereafter acquired; together with all rolling ■stork I except as hereinafter mentioned), floating nn-1 other equipment, machinery, tools, huple- JF', "• v " '1' ww materials owned at the respective ' w V # ,,lu deeds aforesaid, or thereafter uc-
<B the respective dales o f the r or Uicreafter acquired, con-
B, t l, , or istrtaldlng to the above-de-1. „ / r,d Ba branches, os well at; , ' ' " I1; l y of, In and to lhe sntne and
1 " ,11l l1 steel thereof,r. ' '“l' •**/ lh** right, title, interest, and
hrtiW - ,h" <:,ll«> Fear A- Yadkin ValleytV- It, iY ’bJpHny Ju the Booth Cttrollnn 1‘acf- : J((t' . and t.h«* franchises, property, real !, n ? ,,• u*''d lt» connection therewith In
e U|nj‘' • together with all ai>]ujr- ii •*» *',« * "Ycry sort thereto belonging.a v . ' / i J * t,M- Cajs? Fear
r* ^ ,lflway CbiQpany, by saidi', ii ; r, r " ,|,:/'Blc Railway Company, by / j ,, °* Lens*? dated the Nth day oft'h.-ri f/ J /■’- ,or ’ he term of thirty years V r;. v ■ ,, lease Is recorded In thei,’ V Register of Mesne Conveyances
. , ‘V fl " f BenircttsvlUe. County Of Marl- „ ri ,"‘ Nouth Cruollha. In book 3 of
; . "* n/ / ersonal Property, pages 443. et' **J lease reference Ik hereby
T i - Ltoi n pf PnBlculars.,-,.r descri bed as aforesaid,
,,, 1 j til.- deeds o f trust or mortgageso-t “ Bher o f them, Will be sold ns a
»7 r' , >md ns an entirely, excttpl the i,/, /■ ' ‘ ' r,dnafter mentioned. And uo - rt-operiy aforesaid (exclusive ofr .,, ‘ will be aec»*pted which does
*} .ii .be sum o f Two mulioci dollars.
Segal fJoticcs.
SECOND.
.**•<*concUy, and separately, Trom the aforementioned property, but at the same time, w ill ! sold all such rolling-stock. belonging to sild Railway Company, as is not appurtenant lo any one o f the three Divisions o f said Railway Company, mortgaged to the Farmers’ Loan A- Trust Company aforesaid, a scheduleo f which w ill be announced at the lim e of sale. e
The said decrees provide that no bid for the entire property mentioned and described above (exclusive o f said rolling stock) shall he received from any person until such person shall have deposited with the Master Commissioners the sum of Thirty Thousand Dollars: and the sum so deposited shall be returned to the person depositing the same If no bid made by him is accepted. But i f any bid made by him is accepted, theu the amount so deposited shall Ik? held by the Master Commissioners on account o f the purchase. Any purchaser hereunder, when the property is struck off to him. shall at once pay to the Master Commissioners on account of bis purchase a sutlleiem sum to make up, together with the amount already deposited by him as aforesaid, the sum o f $200.- 000, anil in the ease of the said rolling stock twenty per cent, o f the accepted bid. The deposits and payments required shall be made in united States currency, or in such certified drains, certificates, or checks as may be satisfactory to the Master Commissioners.
It is further provided by said decrees that should such jmrehaser or purchasers fa il to make such payment at once, the mortgaged property and premises struck off to such defaulting purchaser shall be resold, either immediately or at such adjourned day as the Master Commissioners may determine, but in any case without further advertisement, the Court reserving the right to consider such resale either as made on account, o f the said proposed purchaser or as an original sale; and further that the deposit received from the successful bidder or bidders shall lie applied on account o f the purchase price, and that such further portions o f the purchase price snail be paid in cash as the Court may from time to time direct. the Court reserving the right to resell the premises and property therein directed to be sold upon the failure o f the purchaser or purchasers, his, its, or their successors or assigns. to comply within twenty days with any order of the Court in that regard; and that the balance o f the purchase price may be paid either in money or in bonds or in overdue coupons secured by the mortgages o f The Cape Fear & Y'adkin Valley Railway Company to the banners' Loan A Trust Company and the Mercantile Trust & Deposit Company o f Baltimore, now foreclosed, each such bond and coupon being received for such sum as the holder thereo f would be etitilled to receive under the distribution ordered in said decrees and according to the priority therein adiudged.
it is further provided by said decrees that the purchaser or purchasers shall, as part consideration. and in addition to the sum bid for such property, take the same and receive the deed or deeds therefor noon the express condition that lo the extent that the assets or the proceeds o f assets in the Receiver’s hands shall be Insufficient, such purchaser or purchasers bis or their successors or assigns, shall pay satisfy, aud discharge (a) any unpaid indebtedness and obligations or liabilities which shall have been duly contracted or Ineurted by the Receiver before delivery o f possession of the property sold; and (b) also anv unpaid indebtedness or liabilit y contracted * or incurred by said defendant Railroad Company In the operation o f its railroad, payment whereof was provided for in the order in said cause appoint ing the Receiver, and which is prior in lien or superior In equity to said mortgages, except such as shall be paid and satisfied out o f the Income o f the property In the hands o f the Receiver, or out o f such other assets, upon the Court adjudging the same to be prior in lien or superior in equity to said mortgages, and directing payment thereof; and for the purpose of enforcing the foregoing provisions of the decree, jurisdiction o f the cause Is retained by the Court, the Court reserving the right to retake and resell tho property in case such purchaser or purchasers, or his or their successors or assigns, should fa il to complv with any order o f the Court in respect to the payment of such prior indebtedness or liabilities within thirty days after service of a copy of such order.
It is also provided in said decrees that *'he purchaser or purchasers o f such property shali also take tlic same, subject to the performance by him or them, or his or' their successors or assigns, o f all pending contracts in respect thereof, fheretofore law fu lly made by the Receiver; and that the purchaser or purchasers at. any such sale, and his or their successors and assigns, shall have the right, within ninety days a fter the completion of the sale and delivery o f the deed as therein provided, to elect whether or not to assume or adopt: anv lease or con tract sold with the railroad and other property and franchises: and that the purchaser or purchasers, his or their successors <ir assigns, shall not be held to have assumed any of said leases or contracts which he or they shall so elect not to assume,
1' Is further ordered by said decrees, that wjihJn thirty days from the confirmation o f said sale or sales, or such further time as the ( ouri may allow for good cause shown, the purchaser or purchaser* of said property, shall complete payment o f the entire amount or amounts bid to the said Master Commission-
and that on such payment, and upon complying with ;iil the requirements o f said de- ‘•ivi s the said purchaser or purchasers shall // ‘‘untied to receive deeds o f conveyance thm-'.H from the Master Commissioners and !m l” 'he other parties to this cause, as therein provided, and shall receive possession of the property *o purchased from the parties boding possession o f the same.
J be said sales w ill be made subject to the .•to,a conditions, reservations, and obliga
tions in said decrees contained., A,,/J foi‘l further particulars reference Is iKrri'\ made to the said dee roe* o f said Court.
DaU-d fids 2fith day o f November, 1898K- S. M ARTIN .CLEMENT MANLY,
m,,.-- V, . Master rvtinntlssloriera.Turner. McClure A: Ralston. 22 W illiam St.,
New York, Solicitors for Complainant,